Sfmg, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Sfmg, LLC reported 266 stock positions worth $1.3 billion. Its top holding was Atmos Energy (ATO) at 11.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.6%) and Invesco S&P 500 Quality ETF (SPHQ, 8.7%). Compared with Q3 2024, it opened 16 new positions, sold out of 16, added to 79 and reduced 108. The biggest buy was a new position in iShares 20+ Year Treasury BD (TLT) and the biggest sale Schwab Long-Term US Treasury (SCHQ, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001512026
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001512026-25-000002 ↗ filed Feb 11, 2025
Holdings Value
Holdings 266 stocks · $1.3B
| ATO Atmos Energy Corp. | 11.63% | 1,059,206 | $147.5M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 11.60% | 249,891 | $147.1M | Add +1.0% |
| SPHQ Invesco S&P 500 Quality ETF | 8.70% | 1,645,373 | $110.3M | Add +0.4% |
| GSLC Goldman Activebeta US LC ETF | 7.36% | 810,750 | $93.4M | Add +0.3% |
| QUS SS SPDR MSCI U Stratfact ETF | 6.28% | 514,603 | $79.7M | Add +1.2% |
| AAPL Apple Inc. | 4.41% | 223,224 | $55.9M | Add +0.4% |
| MOAT Vaneck Morningstar Wide Moat | 4.27% | 583,516 | $54.1M | Reduce -0.0% |
| COWZ Pacer US Cash Cows 100 ETF | 3.79% | 851,430 | $48.1M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.61% | 101,114 | $45.8M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.24% | 67,312 | $28.4M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 1.68% | 96,820 | $21.2M | Add +1.4% |
| NVDA Nvidia Corp. | 1.54% | 145,461 | $19.5M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 1.12% | 74,592 | $14.2M | Add +6.7% |
| JEPI JPMorgan Equity Premium Inco | 1.03% | 226,778 | $13.0M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 21,901 | $12.8M | Reduce -2.6% |
| TLT iShares 20+ Year Treasury BD | 0.84% | 121,937 | $10.6M | New |
| WMT Walmart Inc. | 0.82% | 114,700 | $10.4M | Reduce -2.5% |
| ARCC Ares Capital Corp. | 0.77% | 444,118 | $9.7M | Add +1.1% |
| SCHQ Schwab Long-Term US Treasury | 0.68% | 274,564 | $8.6M | Reduce -56.8% |
| AMAT Applied Materials Inc. | 0.67% | 52,443 | $8.5M | Reduce -4.6% |
| RTX RTX Corp. | 0.67% | 73,541 | $8.5M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 0.66% | 363,311 | $8.4M | Add +26.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.61% | 69,745 | $7.7M | New |
| CRM Salesforce Inc. | 0.61% | 22,965 | $7.7M | Reduce -1.6% |
| BXSL Blackstone Secured Lending F | 0.56% | 218,387 | $7.1M | New |
| V Visa Inc. Class A | 0.54% | 21,624 | $6.8M | Reduce -0.6% |
| AMD Advanced Micro Devices | 0.52% | 54,642 | $6.6M | Add +3.5% |
| COP Conocophillips | 0.51% | 64,925 | $6.4M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 0.50% | 10,861 | $6.4M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.50% | 27,795 | $6.3M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 0.48% | 33,561 | $6.1M | Reduce -0.3% |
| FDIF Fidelity Disruptors ETF | 0.48% | 192,555 | $6.1M | Add +1.8% |
| CBRE CBRE Group Inc. Class A | 0.48% | 46,119 | $6.1M | Reduce -1.9% |
| IGV iShares Expanded Tech-Softwa | 0.46% | 58,041 | $5.8M | Reduce -6.9% |
| CSX CSX Corp. | 0.45% | 175,540 | $5.7M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.43% | 10,779 | $5.5M | Reduce -3.8% |
| CSCO Cisco Systems Inc. | 0.42% | 89,539 | $5.3M | Reduce -2.2% |
| BLK BlackRock Inc. | 0.40% | 4,987 | $5.1M | Reduce -1.2% |
| ADBE Adobe Inc. | 0.39% | 11,250 | $5.0M | Add +1432.7% |
| KMI Kinder Morgan Inc. | 0.36% | 167,794 | $4.6M | Reduce -0.7% |
| TSLA Tesla Inc. | 0.36% | 11,263 | $4.5M | Add +0.1% |
| QTEC First Trust Nasdq 100 Tech I | 0.33% | 22,438 | $4.2M | Reduce -2.5% |
| LULU Lululemon Athletica Inc. | 0.33% | 10,988 | $4.2M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.32% | 21,601 | $4.1M | Add +12.4% |
| VZ Verizon Communications Inc. | 0.30% | 96,528 | $3.9M | Reduce -1.3% |
| MDT Medtronic PLC | 0.29% | 46,745 | $3.7M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 0.29% | 15,171 | $3.6M | Reduce -1.8% |
| AVGO Broadcom Inc. | 0.29% | 15,629 | $3.6M | Reduce -0.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.28% | 91,646 | $3.5M | Add +3.7% |
| GLD SPDR Gold Shares | 0.26% | 13,746 | $3.3M | Reduce -4.6% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 6,087 | $3.2M | Reduce -1.2% |
| COST Costco Wholesale Corp. | 0.24% | 3,372 | $3.1M | Reduce -1.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.24% | 7,649 | $3.1M | Reduce -1.2% |
| FBTC Fidelity Wise Origin Bitcoin | 0.24% | 37,362 | $3.0M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 0.24% | 5,636 | $3.0M | Add +1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 38,521 | $2.9M | Reduce -24.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 9,969 | $2.9M | Add +311.3% |
| MSDL Morgan Stanley Direct Lendin | 0.23% | 138,620 | $2.9M | New |
| CIBR First Trust Nasdaq Cybersecu | 0.22% | 44,621 | $2.8M | Reduce -11.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.22% | 30,933 | $2.8M | New |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.21% | 37,209 | $2.7M | Reduce -1.1% |
| BALT Inn Defined Wealth Shield | 0.20% | 82,301 | $2.6M | Add +26.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.20% | 21,714 | $2.5M | Reduce -11.0% |
| XLV SS Health Care Select Sector | 0.19% | 17,801 | $2.4M | Reduce -2.7% |
| HLT Hilton Worldwide Holdings Inc. | 0.18% | 9,264 | $2.3M | Add +0.2% |
| LLY Eli Lilly & Co. | 0.18% | 2,945 | $2.3M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.18% | 20,938 | $2.3M | Add +11.0% |
| DOC Healthpeak Properties Inc. | 0.16% | 103,179 | $2.1M | Add +5.1% |
| DVN Devon Energy Corp. | 0.16% | 62,186 | $2.0M | Reduce -4.1% |
| JNJ Johnson & Johnson | 0.15% | 13,466 | $1.9M | Reduce -1.2% |
| BX Blackstone Inc. | 0.15% | 10,901 | $1.9M | Reduce -4.4% |
| XDSQ Innovator US Eqy Accl-Quart | 0.15% | 51,074 | $1.9M | Reduce -0.7% |
| PAPR Innovator U.S. Equity Power | 0.15% | 50,575 | $1.9M | No change |
| TXN Texas Instruments Inc. | 0.14% | 9,344 | $1.8M | Reduce -20.9% |
| HD Home Depot Inc. | 0.14% | 4,495 | $1.7M | Reduce -10.7% |
| NFLX Netflix Inc. | 0.14% | 1,923 | $1.7M | Reduce -3.7% |
| HGV Hilton Grand Vacations Inc. | 0.13% | 43,405 | $1.7M | No change |
| FIW First Trust Water ETF | 0.13% | 16,124 | $1.6M | Reduce -4.2% |
| BND Vanguard Total Bond Market | 0.13% | 22,873 | $1.6M | Add +284.0% |
| ETN Eaton Corp. PLC | 0.13% | 4,877 | $1.6M | Reduce -3.4% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 27,636 | $1.6M | Add +0.3% |
| PEP Pepsico Inc. | 0.12% | 10,069 | $1.5M | Reduce -17.8% |
| MCK McKesson Corp. | 0.12% | 2,657 | $1.5M | Add +22.9% |
| GRNT Granite Ridge Resources Inc. | 0.12% | 234,243 | $1.5M | Add +22.4% |
| J Jacobs Solutions Inc. | 0.12% | 10,990 | $1.5M | No change |
| CVX Chevron Corp. | 0.11% | 9,784 | $1.4M | Add +2.9% |
| PG The Procter & Gamble Co. | 0.11% | 8,389 | $1.4M | Reduce -0.0% |
| PAGP Plains GP Holdings LP | 0.11% | 75,489 | $1.4M | No change |
| MCD McDonald's Corp. | 0.11% | 4,778 | $1.4M | Reduce -1.7% |
| LOW Lowe's Cos Inc. | 0.10% | 5,387 | $1.3M | Add +8.7% |
| ABBV Abbvie Inc. | 0.10% | 7,055 | $1.3M | Reduce -0.1% |
| DRI Darden Restaurants Inc. | 0.10% | 6,673 | $1.2M | Reduce -0.3% |
| APO Apollo Global Management Inc. | 0.09% | 7,237 | $1.2M | Add +0.2% |
| KMB Kimberly-Clark Corp. | 0.09% | 9,047 | $1.2M | No change |
| DIVO Amplify CWP Enhan Divid ETF | 0.09% | 27,962 | $1.1M | Add +6.2% |
| CI The Cigna Group | 0.08% | 3,855 | $1.1M | Reduce -0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 8,683 | $1.0M | Reduce -1.3% |
| LUV Southwest Airlines Co. | 0.08% | 31,014 | $1.0M | Reduce -13.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 4,653 | $1.0M | Reduce -0.0% |
| PAYX Paychex Inc. | 0.08% | 7,132 | $1.0M | No change |
Other holdings (7): bonds, preferreds, convertibles and warrants · $325K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 10,356 | $85K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 35,000 | $71K | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 28,000 | $58K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 35,000 | $34K | No change |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | 14,000 | $31K | No change |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 24,000 | $23K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 23,000 | $23K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q3 2024 → Q4 2024
| SCHQ Schwab Long-Term US Treasury | Reduce -56.8% | 0.68% | −1.12 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.0% | 4.27% | −0.32 |
| STLA Stellantis NV | Sold out | 0.00% | −0.27 |
| SCHW Schwab (charles) Corp. | Reduce -88.1% | 0.04% | −0.27 |
| AMAT Applied Materials Inc. | Reduce -4.6% | 0.67% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 3.61% | −0.20 |
| FSK FS KKR Capital Corp. | Reduce -89.1% | 0.02% | −0.18 |
| MSFT Microsoft Corp. | Reduce -1.0% | 2.24% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -20.9% | 0.14% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.2% | 0.25% | −0.06 |
| COP Conocophillips | Reduce -1.7% | 0.51% | −0.06 |
| RTX RTX Corp. | Reduce -0.6% | 0.67% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 0.30% | −0.05 |
| MDT Medtronic PLC | Reduce -0.8% | 0.29% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.2% | 0.24% | −0.05 |
| PEP Pepsico Inc. | Reduce -17.8% | 0.12% | −0.05 |
| CSX CSX Corp. | Reduce -0.2% | 0.45% | −0.05 |
| DVN Devon Energy Corp. | Reduce -4.1% | 0.16% | −0.05 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -11.0% | 0.20% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 0.18% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -2.7% | 0.19% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.6% | 1.01% | −0.03 |
| SCTXX Schwab Amt Tax FR MNY-Ultra | Sold out | 0.00% | −0.03 |
| BLDR Builders Firstsource Inc. | Reduce -14.3% | 0.05% | −0.03 |
| HD Home Depot Inc. | Reduce -10.7% | 0.14% | −0.03 |
| JNJ Johnson & Johnson | Reduce -1.2% | 0.15% | −0.03 |
| CI The Cigna Group | Reduce -0.2% | 0.08% | −0.02 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -2.5% | 0.33% | −0.02 |
| ROBO Robo Global Robotics and Aut | Reduce -36.4% | 0.03% | −0.02 |
| GLD SPDR Gold Shares | Reduce -4.6% | 0.26% | −0.02 |
| FIW First Trust Water ETF | Reduce -4.2% | 0.13% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -39.5% | 0.02% | −0.02 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -11.6% | 0.22% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.02 |
| APG Api Group Corp. | Sold out | 0.00% | −0.02 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.02 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.02 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.02 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.02 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| HPQ HP Inc. | Sold out | 0.00% | −0.02 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.02 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Sold out | 0.00% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -15.0% | 0.07% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.10% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -3.6% | 0.07% | −0.01 |
| AMGN Amgen Inc. | Reduce -1.6% | 0.05% | −0.01 |
| ORCL Oracle Corp. | Reduce -20.9% | 0.04% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| TLT iShares 20+ Year Treasury BD | New | 0.84% | +0.84 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.61% | +0.61 |
| BXSL Blackstone Secured Lending F | New | 0.56% | +0.56 |
| ADBE Adobe Inc. | Add +1432.7% | 0.39% | +0.36 |
| AMZN Amazon.com Inc. | Add +1.4% | 1.68% | +0.23 |
| MSDL Morgan Stanley Direct Lendin | New | 0.23% | +0.23 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.22% | +0.22 |
| AAPL Apple Inc. | Add +0.4% | 4.41% | +0.21 |
| VTI VG Morningstar TS MKT ETF-US | Add +311.3% | 0.23% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +6.7% | 1.12% | +0.17 |
| SCHX Schwab US Large-Cap ETF | Add +26.8% | 0.66% | +0.14 |
| TSLA Tesla Inc. | Add +0.1% | 0.36% | +0.12 |
| BND Vanguard Total Bond Market | Add +284.0% | 0.13% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +12.4% | 0.32% | +0.06 |
| BALT Inn Defined Wealth Shield | Add +26.1% | 0.20% | +0.04 |
| PNOV Innovator U.S. Equity Power | New | 0.03% | +0.03 |
| MCK McKesson Corp. | Add +22.9% | 0.12% | +0.03 |
| AXP American Express Co. | New | 0.03% | +0.03 |
| GRNT Granite Ridge Resources Inc. | Add +22.4% | 0.12% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +1.0% | 11.60% | +0.03 |
| CMI Cummins Inc. | New | 0.03% | +0.03 |
| APO Apollo Global Management Inc. | Add +0.2% | 0.09% | +0.02 |
| CRK Comstock Resources Inc. | Add +33.9% | 0.04% | +0.02 |
| ARCC Ares Capital Corp. | Add +1.1% | 0.77% | +0.02 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.02% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | New | 0.02% | +0.02 |
| ET Energy Transfer LP | Add +20.8% | 0.06% | +0.02 |
| ULTA Ulta Beauty Inc. | New | 0.02% | +0.02 |
| MS Morgan Stanley | New | 0.02% | +0.02 |
| JETS US Global Jets ETF | New | 0.02% | +0.02 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.02% | +0.02 |
| SOUN Soundhound AI Inc. Class A | New | 0.02% | +0.02 |
| FDIF Fidelity Disruptors ETF | Add +1.8% | 0.48% | +0.01 |
| EPD Enterprise Products Partners | Add +31.8% | 0.05% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +13.3% | 0.07% | +0.01 |
| LMT Lockheed Martin Corp. | Add +56.1% | 0.05% | +0.01 |
| RIG Transocean Ltd. | New | 0.01% | +0.01 |
| HLT Hilton Worldwide Holdings Inc. | Add +0.2% | 0.18% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +0.3% | 0.12% | +0.01 |
| FTEC Fidelity MSCI Info Tech Indx | Add +17.9% | 0.04% | +0.01 |
| KO The Coca-Cola Co. | Add +30.8% | 0.06% | +0.01 |
| OKE Oneok Inc. | Add +0.2% | 0.06% | +0.00 |
| NOW ServiceNow Inc. | Add +5.2% | 0.02% | +0.00 |
| AMLP Alerian MLP ETF | Add +8.4% | 0.05% | +0.00 |
| T AT&T Inc. | Add +8.5% | 0.04% | +0.00 |
| BAC Bank of America Corp. | Add +1.3% | 0.04% | +0.00 |
| UPS United Parcel Service Class B | Add +29.8% | 0.02% | +0.00 |
| ITA iShares U.S. Aerospace & Def | Add +11.9% | 0.05% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +21.7% | 0.07% | +0.00 |
| PFE Pfizer Inc. | Add +20.6% | 0.02% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Sold out | 6,834 | $209Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 332 | $1.6B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q1 2026 | 312 | $1.5B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q4 2025 | 303 | $1.5B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q3 2025 | 304 | $1.4B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q2 2025 | 275 | $1.3B | ATO, SPHQ, PTLC, GSLC, QUS |
| Q1 2025 | 277 | $1.3B | ATO, IVV, SPHQ, GSLC, QUS |
| Q4 2024 | 266 | $1.3B | ATO, IVV, SPHQ, GSLC, QUS |
| Q3 2024 | 266 | $1.2B | ATO, IVV, SPHQ, GSLC, QUS |
| Q2 2024 | 265 | $1.1B | IVV, ATO, SPHQ, GSLC, QUS |
| Q1 2024 | 274 | $1.2B | IVV, ATO, SPHQ, GSLC, QUS |