SFMG, LLC

Q3 2025 13F-HR Holdings

Location
Plano, TX
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
307
Total value ($000)
$1,442,537
Net value change ($000)
+110,156 (8.3%)
New positions
36
Sold out positions
7
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ATO 17,190 10.7%
PTLC 14,801 13.0%
AAPL 11,296 25.2%
GSLC 8,040 8.2%
NVDA 6,993 32.9%
QUS 4,994 5.9%
GOOGL 4,985 37.8%
SPHQ 4,837 4.2%
MOAT 4,758 8.2%
COWZ 3,852 7.8%
Top Reduces (Value $000, Stocks/ETFs)
SGOV -15,863 -95.8%
ARCC -3,022 -28.8%
TLT -1,993 -20.8%
FIW -1,762 -100.0%
NFLX -1,318 -36.7%
NVO -1,014 -14.2%
BXSL -985 -13.2%
SSB -907 -100.0%
MSDL -668 -13.8%
BRK-B -652 -22.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type