Sfmg, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Sfmg, LLC reported 277 stock positions worth $1.3 billion. Its top holding was Atmos Energy (ATO) at 12.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.2%) and Invesco S&P 500 Quality ETF (SPHQ, 8.5%). Compared with Q4 2024, it opened 25 new positions, sold out of 14, added to 119 and reduced 83. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001512026
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001512026-25-000004 ↗ filed May 9, 2025
Holdings Value
Holdings 277 stocks · $1.3B
| ATO Atmos Energy Corp. | 12.92% | 1,058,542 | $163.6M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 11.19% | 252,209 | $141.7M | Add +0.9% |
| SPHQ Invesco S&P 500 Quality ETF | 8.48% | 1,620,072 | $107.5M | Reduce -1.5% |
| GSLC Goldman Activebeta US LC ETF | 6.96% | 801,096 | $88.2M | Reduce -1.2% |
| QUS SS SPDR MSCI U Stratfact ETF | 6.40% | 517,290 | $81.1M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.49% | 106,863 | $56.9M | Add +5.7% |
| MOAT Vaneck Morningstar Wide Moat | 4.19% | 603,594 | $53.1M | Add +3.4% |
| AAPL Apple Inc. | 3.79% | 216,111 | $48.0M | Reduce -3.2% |
| COWZ Pacer US Cash Cows 100 ETF | 3.74% | 865,230 | $47.4M | Add +1.6% |
| MSFT Microsoft Corp. | 1.94% | 65,440 | $24.6M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 1.43% | 95,516 | $18.2M | Reduce -1.4% |
| SGOV iShares 0-3 Month Treasury B | 1.28% | 161,338 | $16.2M | New |
| NVDA Nvidia Corp. | 1.19% | 139,397 | $15.1M | Reduce -4.2% |
| JEPI JPMorgan Equity Premium Inco | 1.10% | 243,764 | $13.9M | Add +7.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 20,674 | $11.6M | Reduce -5.6% |
| GOOG Alphabet Inc. Class C | 0.90% | 73,296 | $11.5M | Reduce -1.7% |
| TLT iShares 20+ Year Treasury BD | 0.86% | 120,064 | $10.9M | Reduce -1.5% |
| ARCC Ares Capital Corp. | 0.81% | 462,399 | $10.2M | Add +4.1% |
| WMT Walmart Inc. | 0.78% | 113,277 | $9.9M | Reduce -1.2% |
| RTX RTX Corp. | 0.76% | 73,068 | $9.7M | Reduce -0.6% |
| SCHQ Schwab Long-Term US Treasury | 0.76% | 294,277 | $9.6M | Add +7.2% |
| V Visa Inc. Class A | 0.59% | 21,497 | $7.5M | Reduce -0.6% |
| AMAT Applied Materials Inc. | 0.59% | 51,873 | $7.5M | Reduce -1.1% |
| BXSL Blackstone Secured Lending F | 0.58% | 225,894 | $7.3M | Add +3.4% |
| SCHX Schwab US Large-Cap ETF | 0.55% | 314,216 | $6.9M | Reduce -13.5% |
| COP Conocophillips | 0.55% | 65,750 | $6.9M | Add +1.3% |
| HON Honeywell International Inc. | 0.49% | 29,450 | $6.2M | Add +6.0% |
| CRM Salesforce Inc. | 0.49% | 22,969 | $6.2M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.48% | 10,606 | $6.1M | Reduce -2.4% |
| AMD Advanced Micro Devices | 0.47% | 58,047 | $6.0M | Add +6.2% |
| CBRE CBRE Group Inc. Class A | 0.47% | 45,072 | $5.9M | Reduce -2.3% |
| PANW Palo Alto Networks Inc. | 0.45% | 33,632 | $5.7M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.45% | 92,261 | $5.7M | Add +3.0% |
| FDIF Fidelity Disruptors ETF | 0.43% | 183,484 | $5.4M | Reduce -4.7% |
| ADBE Adobe Inc. | 0.42% | 13,778 | $5.3M | Add +22.5% |
| CSX CSX Corp. | 0.41% | 175,216 | $5.2M | Reduce -0.2% |
| MSDL Morgan Stanley Direct Lendin | 0.40% | 256,815 | $5.1M | Add +85.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.40% | 10,906 | $5.1M | Add +1.2% |
| BLK BlackRock Inc. | 0.39% | 5,192 | $4.9M | Add +4.1% |
| IGV iShares Expanded Tech-Softwa | 0.38% | 54,141 | $4.8M | Reduce -6.7% |
| MDT Medtronic PLC | 0.34% | 48,537 | $4.4M | Add +3.8% |
| VZ Verizon Communications Inc. | 0.34% | 95,919 | $4.4M | Reduce -0.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.33% | 100,960 | $4.2M | Add +10.2% |
| GLD SPDR Gold Shares | 0.31% | 13,431 | $3.9M | Reduce -2.3% |
| QTEC First Trust Nasdq 100 Tech I | 0.30% | 21,959 | $3.8M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 0.30% | 15,249 | $3.7M | Add +0.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.29% | 7,538 | $3.7M | Reduce -1.4% |
| ZTS Zoetis Inc. | 0.26% | 20,350 | $3.4M | New |
| TSLA Tesla Inc. | 0.26% | 12,870 | $3.3M | Add +14.3% |
| GOOGL Alphabet Inc. Class A | 0.26% | 21,403 | $3.3M | Reduce -0.9% |
| LULU Lululemon Athletica Inc. | 0.25% | 11,398 | $3.2M | Add +3.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 4 | $3.2M | Add +300.0% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 6,412 | $3.2M | Add +5.3% |
| COST Costco Wholesale Corp. | 0.25% | 3,368 | $3.2M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.24% | 5,984 | $3.1M | Add +6.2% |
| AVGO Broadcom Inc. | 0.22% | 16,897 | $2.8M | Add +8.1% |
| FBTC Fidelity Wise Origin Bitcoin | 0.22% | 38,540 | $2.8M | Add +3.1% |
| KMI Kinder Morgan Inc. | 0.21% | 93,641 | $2.7M | Reduce -44.2% |
| BALT Inn Defined Wealth Shield | 0.20% | 82,301 | $2.6M | No change |
| DOC Healthpeak Properties Inc. | 0.20% | 126,873 | $2.6M | Add +23.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.20% | 40,302 | $2.5M | Reduce -9.7% |
| XOM Exxon Mobil Corp. | 0.20% | 21,000 | $2.5M | Add +0.3% |
| NFLX Netflix Inc. | 0.20% | 2,655 | $2.5M | Add +38.1% |
| LLY Eli Lilly & Co. | 0.19% | 2,955 | $2.4M | Add +0.3% |
| WPC WP Carey Inc. | 0.19% | 38,518 | $2.4M | New |
| XLV SS Health Care Select Sector | 0.19% | 16,382 | $2.4M | Reduce -8.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 32,785 | $2.2M | Reduce -11.9% |
| JNJ Johnson & Johnson | 0.17% | 12,895 | $2.1M | Reduce -4.2% |
| DVN Devon Energy Corp. | 0.17% | 56,229 | $2.1M | Reduce -9.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 7,228 | $2.0M | Reduce -27.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.15% | 8,264 | $1.9M | Reduce -10.8% |
| PAPR Innovator U.S. Equity Power | 0.14% | 50,575 | $1.8M | No change |
| MCK McKesson Corp. | 0.14% | 2,658 | $1.8M | Add +0.0% |
| IEI iShares 3-7 Year Treasury Bo | 0.14% | 15,019 | $1.8M | Reduce -30.8% |
| XDSQ Innovator US Eqy Accl-Quart | 0.14% | 50,967 | $1.8M | Reduce -0.2% |
| LUV Southwest Airlines Co. | 0.14% | 51,590 | $1.7M | Add +66.3% |
| FIW First Trust Water ETF | 0.13% | 16,152 | $1.6M | Add +0.2% |
| HGV Hilton Grand Vacations Inc. | 0.13% | 43,405 | $1.6M | No change |
| HD Home Depot Inc. | 0.13% | 4,405 | $1.6M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.13% | 8,971 | $1.6M | Reduce -4.0% |
| CVX Chevron Corp. | 0.13% | 9,545 | $1.6M | Reduce -2.4% |
| BMY Bristol-Myers Squibb Co. | 0.13% | 26,048 | $1.6M | Reduce -5.8% |
| BX Blackstone Inc. | 0.12% | 10,981 | $1.5M | Add +0.7% |
| MCD McDonald's Corp. | 0.12% | 4,749 | $1.5M | Reduce -0.6% |
| GRNT Granite Ridge Resources Inc. | 0.12% | 242,494 | $1.5M | Add +3.5% |
| PG The Procter & Gamble Co. | 0.11% | 8,392 | $1.4M | Add +0.0% |
| SHW The Sherwin-Williams Co. | 0.11% | 4,046 | $1.4M | New |
| DRI Darden Restaurants Inc. | 0.11% | 6,709 | $1.4M | Add +0.5% |
| ABBV Abbvie Inc. | 0.11% | 6,474 | $1.4M | Reduce -8.2% |
| J Jacobs Solutions Inc. | 0.10% | 11,000 | $1.3M | Add +0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 15,472 | $1.3M | Reduce -59.8% |
| KMB Kimberly-Clark Corp. | 0.10% | 9,059 | $1.3M | Add +0.1% |
| LOW Lowe's Cos Inc. | 0.10% | 5,458 | $1.3M | Add +1.3% |
| CI The Cigna Group | 0.10% | 3,860 | $1.3M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 4,666 | $1.2M | Add +0.3% |
| ETN Eaton Corp. PLC | 0.09% | 4,212 | $1.1M | Reduce -13.6% |
| DIVO Amplify CWP Enhan Divid ETF | 0.09% | 27,962 | $1.1M | No change |
| PAYX Paychex Inc. | 0.08% | 6,967 | $1.1M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.08% | 7,146 | $1.1M | Reduce -29.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 8,353 | $1.0M | Reduce -3.8% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $233K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 35,000 | $85K | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 28,000 | $37K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 35,000 | $34K | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 10,129 | $31K | Reduce -2.2% |
| 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 | $22K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -3.2% | 3.79% | −0.62 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.61 |
| GSLC Goldman Activebeta US LC ETF | Reduce -1.2% | 6.96% | −0.40 |
| NVDA Nvidia Corp. | Reduce -4.2% | 1.19% | −0.35 |
| MSFT Microsoft Corp. | Reduce -2.8% | 1.94% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 1.43% | −0.24 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.22 |
| GOOG Alphabet Inc. Class C | Reduce -1.7% | 0.90% | −0.22 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -1.5% | 8.48% | −0.21 |
| KMI Kinder Morgan Inc. | Reduce -44.2% | 0.21% | −0.15 |
| PLTR Palantir Technologies Inc. Class A | Reduce -59.8% | 0.10% | −0.13 |
| SCHX Schwab US Large-Cap ETF | Reduce -13.5% | 0.55% | −0.12 |
| BND Vanguard Total Bond Market | Reduce -85.8% | 0.02% | −0.11 |
| PAGP Plains GP Holdings LP | Sold out | 0.00% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.6% | 0.91% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -1.1% | 0.59% | −0.08 |
| IGV iShares Expanded Tech-Softwa | Reduce -6.7% | 0.38% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -27.5% | 0.16% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 0.26% | −0.06 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -30.8% | 0.14% | −0.06 |
| FDIF Fidelity Disruptors ETF | Reduce -4.7% | 0.43% | −0.05 |
| CSX CSX Corp. | Reduce -0.2% | 0.41% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -13.6% | 0.09% | −0.04 |
| PEP Pepsico Inc. | Reduce -29.0% | 0.08% | −0.04 |
| ROBO Robo Global Robotics and Aut | Sold out | 0.00% | −0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -11.9% | 0.18% | −0.03 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -2.1% | 0.30% | −0.03 |
| WMT Walmart Inc. | Reduce -1.2% | 0.78% | −0.03 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -10.8% | 0.15% | −0.03 |
| AMLP Alerian MLP ETF | Reduce -62.9% | 0.02% | −0.03 |
| BLOK Amplify Blockchain Tech ETF | Sold out | 0.00% | −0.03 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -9.7% | 0.20% | −0.02 |
| CRK Comstock Resources Inc. | Reduce -55.1% | 0.02% | −0.02 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -2.4% | 0.48% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -17.9% | 0.04% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.02 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -50.1% | 0.02% | −0.02 |
| ORCL Oracle Corp. | Reduce -35.8% | 0.02% | −0.02 |
| MS Morgan Stanley | Sold out | 0.00% | −0.02 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.02 |
| JETS US Global Jets ETF | Sold out | 0.00% | −0.02 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Reduce -30.5% | 0.03% | −0.02 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.02 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.01 |
| CBRE CBRE Group Inc. Class A | Reduce -2.3% | 0.47% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -4.0% | 0.13% | −0.01 |
| HD Home Depot Inc. | Reduce -2.0% | 0.13% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SGOV iShares 0-3 Month Treasury B | New | 1.28% | +1.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.7% | 4.49% | +0.88 |
| ZTS Zoetis Inc. | New | 0.26% | +0.26 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +300.0% | 0.25% | +0.20 |
| WPC WP Carey Inc. | New | 0.19% | +0.19 |
| MSDL Morgan Stanley Direct Lendin | Add +85.3% | 0.40% | +0.18 |
| QUS SS SPDR MSCI U Stratfact ETF | Add +0.5% | 6.40% | +0.11 |
| SHW The Sherwin-Williams Co. | New | 0.11% | +0.11 |
| SCHQ Schwab Long-Term US Treasury | Add +7.2% | 0.76% | +0.08 |
| SMCI Super Micro Computer Inc. | New | 0.07% | +0.07 |
| JEPI JPMorgan Equity Premium Inco | Add +7.5% | 1.10% | +0.07 |
| NFLX Netflix Inc. | Add +38.1% | 0.20% | +0.06 |
| SLB SLB Ltd. | Add +10.2% | 0.33% | +0.06 |
| LUV Southwest Airlines Co. | Add +66.3% | 0.14% | +0.05 |
| MDT Medtronic PLC | Add +3.8% | 0.34% | +0.05 |
| ARCC Ares Capital Corp. | Add +4.1% | 0.81% | +0.04 |
| DOC Healthpeak Properties Inc. | Add +23.0% | 0.20% | +0.04 |
| COP Conocophillips | Add +1.3% | 0.55% | +0.04 |
| CSCO Cisco Systems Inc. | Add +3.0% | 0.45% | +0.03 |
| NEE Nextera Energy Inc. | New | 0.03% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.03% | +0.03 |
| XLK SS Technology Select Sector | New | 0.03% | +0.03 |
| WES Western Midstream Partners L | New | 0.03% | +0.03 |
| SCHG Schwab US Large-Cap Growth | New | 0.03% | +0.03 |
| QUAL iShares MSCI USA Quality Fac | New | 0.02% | +0.02 |
| ADBE Adobe Inc. | Add +22.5% | 0.42% | +0.02 |
| PM Philip Morris International | Add +8.9% | 0.07% | +0.02 |
| MCK McKesson Corp. | Add +0.0% | 0.14% | +0.02 |
| BXSL Blackstone Secured Lending F | Add +3.4% | 0.58% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| XLF SS Financial Select Sector | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.20% | +0.02 |
| O Realty Income Corp. | New | 0.02% | +0.02 |
| ITCI Intra-Cellular Therapies Inc. | New | 0.02% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.02% | +0.02 |
| SHEL Shell PLC-ADR | New | 0.02% | +0.02 |
| ED Consolidated Edison Inc. | New | 0.02% | +0.02 |
| FTNT Fortinet Inc. | New | 0.02% | +0.02 |
| CI The Cigna Group | Add +0.1% | 0.10% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +53.6% | 0.04% | +0.02 |
| SYK Stryker Corp. | New | 0.02% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.02% | +0.02 |
| T AT&T Inc. | Add +9.8% | 0.05% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.3% | 0.19% | +0.01 |
| DRI Darden Restaurants Inc. | Add +0.5% | 0.11% | +0.01 |
| SSB Southstate Bank Corp. | Add +27.8% | 0.07% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +1.7% | 0.08% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.09% | +0.01 |
| WMB Williams Cos Inc. | Add +4.9% | 0.08% | +0.01 |
| DE Deere & Co. | Add +12.0% | 0.06% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | Sold out | 14,000 | $31Kbefore exit |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Reduce -2.2% | 10,129 | $31K |
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 |