Lummis Asset Management, LP

Q3 2025 13F-HR Holdings

Location
Fort Worth, TX
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
159
Total value ($000)
$152,254
Net value change ($000)
-596 (-0.4%)
New positions
8
Sold out positions
9
Turnover %
1.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 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)
AAPL 3,400 31.7%
GOOGL 1,896 30.3%
ORCL 1,574 21.0%
AMRZ 1,233 257.4%
GD 625 13.9%
ROST 396 13.3%
BRK-B 394 5.1%
AYI 391 13.8%
LLY 366 21.9%
TMO 364 12.9%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -8,808 -51.7%
ABT -2,017 -32.7%
GTX -1,844 -100.0%
MTDR -769 -4.8%
AMT -388 -11.8%
AIG -220 -6.3%
DG -176 -10.3%
TFPM -139 -3.4%
KO -99 -6.1%
FFIN -36 -4.1%
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