Latest Lummis Asset Management, LP Stock Portfolio

Lummis Asset Management, LP Performance:

2025 Q3: 5.43%YTD: 9.75%2024: 8.5%

Performance for 2025 Q3 is 5.43%, and YTD is 9.75%, and 2024 is 8.5%.

About Lummis Asset Management, LP and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Lummis Asset Management, LP reported an equity portfolio of $152.3 Millions as of 30 Sep, 2025.

The top stock holdings of Lummis Asset Management, LP are MTDR, AAPL, ORCL. The fund has invested 9.9% of it's portfolio in MATADOR RESOURCES CO and 9.3% of portfolio in APPLE COMPUTER INC .

The fund managers got completely rid off GARRETT MOTION INC (GTX), CONAGRA BRANDS INC (CAG) and MEDTRONIC INC (MDT) stocks. They significantly reduced their stock positions in MICROSOFT CORP (MSFT), TRIPLE FLAG PRECIOUS M and ABBOTT LABS (ABT). Lummis Asset Management, LP opened new stock positions in BP PLC SPONSORED ADR, VANGUARD CONSUMER STAPLES ETF (MKT) (VAW) and VANGUARD DIVIDEND APPREC IDX ETF (MKT) (VIG). The fund showed a lot of confidence in some stocks as they added substantially to NESTLE S A SPONSORED ADR REPRESENTING REGISTERED SH, UNITEDHEALTH GROUP (UNH) and VANGUARD TOTAL BOND (BIV).

Lummis Asset Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Lummis Asset Management, LP made a return of 5.43% in the last quarter. In trailing 12 months, it's portfolio return was 11.96%.

New Buys

Ticker	$ Bought
bp plc sponsored adr	146,075
vanguard consumer staples etf (mkt)	104,727
vanguard dividend apprec idx etf (mkt)	86,316
bunge global sa com shs	81,250
vanguard pacific stock index etf (mkt)	40,757
conagra brands inc	27,465
international business mach.	14,672

New stocks bought by Lummis Asset Management, LP

Additions

Ticker	% Inc.
nestle s a sponsored adr representing registered sh	1,814
banco bilbao vizcaya argenta sponsored adr	647
unitedhealth group	441
amrize ltd	251
vanguard total bond	21.89
apple computer inc	18.66
spdr gold trust	10.48
vanguard total	7.53

Additions to existing portfolio by Lummis Asset Management, LP

Reductions

Ticker	% Reduced
microsoft corp	-52.44
triple flag precious m	-40.5
abbott labs	-32.17
amphenol corp.	-8.68
goldman sachs group, inc.	-3.38
oracle corp	-2.29
acushnet holdings co	-1.54
the charles schwab corp	-1.19

Lummis Asset Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
garrett motion inc	-1,843,710
conagra brands inc	-28,875
apache corp	-12,803
medtronic inc	-18,567
vanguard ftse emerging	-10,512
paychex, inc	-3,200
elevance health inc	-7,001
align technology inc	-1,515

Lummis Asset Management, LP got rid off the above stocks

Sector Distribution

Lummis Asset Management, LP has about 21.4% of it's holdings in Technology sector.

Sector	%
Technology	21.4
Energy	17.7
Others	13.5
Financial Services	9.8
Healthcare	9.7
Industrials	7.1
Communication Services	6.1
Consumer Cyclical	5.7
Consumer Defensive	4.7
Real Estate	4

Market Cap. Distribution

Lummis Asset Management, LP has about 67.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	39.7
LARGE-CAP	27.9
MID-CAP	18.9
UNALLOCATED	13.5

Stocks belong to which Index?

About 80.8% of the stocks held by Lummis Asset Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	67.4
Others	19.2
RUSSELL 2000	13.4

Top 5 Winners (%)		%
GOOG	alphabet inc	37.9 %
GOOG	alphabet inc	30.6 %
SLV	ishares silver trust	29.1 %
URI	united rentals inc	26.7 %
APH	amphenol corp.	25.3 %

Top 5 Winners ($)		$
GOOG	alphabet inc	1.9 M
ORCL	oracle corp	1.8 M
AAPL	apple computer inc	1.2 M
GD	general dynamics corp	0.6 M
MSFT	microsoft corp	0.5 M

Top 5 Losers (%)		%
FDS	factset research systems	-36.0 %
ACN	accenture plc	-17.5 %
CTSH	cognizant tech sol	-14.0 %
CRM	salesforce com	-13.1 %
VRTX	vertex pharmaceutica	-12.0 %

Top 5 Losers ($)		$
MTDR	matador resources co	-0.8 M
AMT	amern tower corp	-0.4 M
AIG	american international group	-0.2 M
DG	dollar general corp	-0.2 M
KO	coca cola co.	-0.1 M

Lummis Asset Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Lummis Asset Management, LP

Lummis Asset Management, LP has 158 stocks in it's portfolio. About 53.1% of the portfolio is in top 10 stocks. MTDR proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Lummis Asset Management, LP last quarter.

Last Reported on: 10 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple computer inc	9.27	55,408	14,108,500	added	18.66

ABBV	abbvie inc	0.95	6,229	1,442,260	unchanged	0.00

ABT	abbott labs	2.73	31,056	4,159,640	reduced	-32.17

ACN	accenture plc	0.01	87.00	21,454	unchanged	0.00

ADBE	adobe systems, inc.	0.00	9.00	3,175	unchanged	0.00

ADP	automatic data processing corp	0.40	2,063	605,490	reduced	-0.34

ADSK	autodesk inc	0.02	111	35,261	unchanged	0.00

AIG	american international group	2.16	41,838	3,285,960	reduced	-0.19

ALGN	align technology inc	0.00	0.00	0.00	sold off	-100

AMGN	amgen inc	0.62	3,333	940,572	unchanged	0.00

AMT	amern tower corp	1.90	15,032	2,890,950	unchanged	0.00

AMZN	amazon com inc	1.01	7,041	1,545,990	unchanged	0.00

APA	apache corp	0.00	0.00	0.00	sold off	-100

APH	amphenol corp.	0.24	2,955	365,681	reduced	-8.68

ATO	atmos energy corp	0.13	1,128	192,606	unchanged	0.00

AVGO	broadcom inc	0.01	70.00	23,094	unchanged	0.00

AYI	acuity brands inc	2.12	9,358	3,222,800	reduced	-0.56

AZO	autozone inc	0.01	5.00	21,451	unchanged	0.00

BATRA	liberty media corp	0.00	65.00	6,789	unchanged	0.00

BATRA	liberty media corp	0.00	2.00	194	unchanged	0.00