Lummis Asset Management, LP

Q4 2025 13F-HR Holdings

Location
Fort Worth, TX
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
190
Total value ($000)
$162,604
Net value change ($000)
+10,350 (6.8%)
New positions
41
Sold out positions
11
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
MSFT 7,647 93.0%
GOOGL 2,172 26.7%
AMRZ 1,073 62.7%
LLY 834 40.9%
AAPL 726 5.1%
TMO 587 18.4%
ROST 539 16.0%
DG 411 26.8%
TFPM 404 10.2%
GS 372 8.8%
Top Reduces (Value $000, Stocks/ETFs)
ORCL -2,976 -32.8%
PG -895 -87.0%
MTDR -847 -5.6%
RTX -437 -96.3%
ABT -313 -7.5%
AMT -252 -8.7%
CLX -214 -100.0%
BRK-B -146 -100.0%
BG -144 -100.0%
FBAK -125 -100.0%
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