Q2 2026 13F · SEC CIK 2011652

Lummis Asset Management, LP

Asset managerFiled 2026-08-03 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $167.2M
Reported positions: 221
Top holdings a year, 3 yrs: +11.8%
Average holding period: 2.7 yrs

Lummis Asset Management, LP is an asset manager that reported 221 positions worth $167.2M in its Q2 2026 13F, filed 2026-08-03. Its largest holdings were Matador Resources Co. (MTDR, 9.7%), Apple Inc (AAPL, 9.5%), Microsoft Corp (MSFT, 7.8%). A portfolio copying its top holdings returned 11.8% a year over the last 3 years, against 16.5% for the S&P 500.

Lummis Asset Management, LP holdings largest 50 of 221 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Lummis Asset Management, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
MTDRMatador Resources Co.	9.7%	12.6%	328,769	-1.2%	$16.2M
AAPLApple Inc	9.5%	8.2%	51,505	-1.9%	$15.9M
MSFTMicrosoft Corp	7.8%	7.4%	31,432	-1.4%	$13.1M
GOOGAlphabet Inc	6.5%	6.1%	31,233	-1.3%	$10.8M
BRK-ABerkshire Hathaway Cl B	4.8%	4.5%	15,823	+0.8%	$8.0M
GDGeneral Dynamics Corp	3.1%	2.9%	14,095	-1.1%	$5.1M
BSMBlack Stone Minerals L P	3.0%	2.9%	343,843	+0.0%	$5.1M
GSGoldman Sachs Group Inc	2.9%	2.6%	4,831	-1.5%	$4.9M
ROSTRoss Stores Inc	2.7%	2.7%	20,062	-2.9%	$4.5M
GOLFAcushnet Holdings Co	2.6%	2.2%	38,792	-90.2%	$4.4M
ORCLOracle Corp	2.4%	2.7%	28,781	-2.3%	$4.1M
TFPMTriple Flag Precious Metal	2.3%	2.5%	131,121	+5.2%	$3.9M
EQIXEquinix Inc	2.3%	2.4%	3,723	+0.0%	$3.9M
TMOThermo Fisher Scientific Inc	2.0%	1.9%	6,367	-0.0%	$3.4M
JNJJohnson & Johnson	2.0%	1.8%	12,849	-0.2%	$3.3M
AYIAcuity Inc	1.9%	1.5%	8,656	-1.3%	$3.2M
LLYEli Lilly & Co	1.8%	1.5%	2,675	+0.0%	$3.1M
XOMExxon Mobil Corp	1.8%	2.0%	20,484	-0.7%	$3.1M
AIGAmerican Intl Group Inc	1.8%	1.8%	40,274	-1.0%	$3.1M
AMRZAmrize Ltd Shs	1.8%	1.6%	58,677	+19.3%	$3.0M
ABTAbbott Laboratories	1.7%	1.7%	29,101	-1.3%	$2.9M
WFCWells Fargo & Co	1.5%	1.5%	30,788	-1.1%	$2.6M
AMTAmerican Tower Corp	1.5%	1.6%	15,032	+0.0%	$2.5M
SCHWCharles Schwab Corp (the)	1.0%	1.0%	17,932	-1.6%	$1.8M
DORMDorman Prods Inc	1.0%	1.3%	12,803	-34.7%	$1.7M
KOCoca Cola Co	1.0%	1.0%	20,355	-1.4%	$1.7M
AMZNAmazon Com Inc	1.0%	0.9%	7,088	+0.5%	$1.7M
DGDollar Gen Corp	1.0%	1.0%	13,732	-1.4%	$1.7M
ABBVAbbvie Inc	1.0%	0.8%	6,229	+0.0%	$1.6M
DVNDevon Energy Corp New	0.9%	1.1%	26,888	-27.6%	$1.5M
VGKVanguard Ftse Europe ETF	0.9%	0.8%	16,739	+1.4%	$1.5M
VXUSVanguard Star Fds	0.9%	0.8%	17,095	+1.1%	$1.5M
COPConocophillips	0.8%	1.0%	12,315	-1.7%	$1.4M
AMGNAmgen Inc	0.8%	0.7%	3,433	+0.0%	$1.3M
PEPPepsico Inc	0.8%	1.6%	9,647	-43.9%	$1.3M
GOOGLAlphabet Inc	0.7%	0.6%	3,270	+0.0%	$1.2M
CVXChevron Corporation	0.7%	0.7%	5,995	+0.0%	$1.1M
SCHOSchwab Strategic Tr	0.6%	0.7%	44,147	-5.8%	$1.1M
PGProcter & Gamble Co	0.6%	0.6%	7,003	+4.5%	$1.0M
WMBWilliams Cos	0.6%	0.6%	13,468	-3.9%	$999K
FFINFirst Finl Bankshares Inc	0.5%	0.5%	24,645	-0.1%	$857K
ITWIllinois Tool Wks Inc	0.5%	0.5%	3,015	+0.0%	$842K
SSBSouth Street Corporation	0.5%	0.5%	8,205	-1.5%	$835K
CSCOCisco Sys Inc	0.5%	0.4%	6,742	+0.3%	$766K
WTMWhite Mtns Ins Group Ltd	0.4%	0.4%	325	+0.0%	$689K
PSXPhillips 66	0.4%	0.3%	3,011	+0.0%	$628K
RTXRtx Corporation	0.3%	0.3%	2,727	+0.5%	$582K
ADPAutomatic Data Processing in	0.3%	0.3%	2,019	-0.5%	$514K
APHAmphenol Corp	0.3%	—	2,792	—	$492K
LMTLockheed Martin Corp	0.3%	0.3%	836	-0.5%	$465K

What Lummis Asset Management, LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

AMRZ Amrize Ltd Shs+19.3% shares
TFPM Triple Flag Precious Metal+5.2% shares

Reduced

Left the top 50

VPL Vanguard Intl Equity Index Fwas 0.8%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.4% /yr; S&P 500 +11.7%
3 years: +11.8% /yr; S&P 500 +16.5%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$167.2M	221
Q1 2026	$167.3M	192
Q4 2025	$162.6M	189
Q3 2025	$152.3M	159
Q2 2025	$152.9M	160
Q1 2025	$144.0M	163
Q4 2024	$78.9M	147
Q3 2024	$85.6M	147
Q2 2024	$75.7M	153
Q1 2024	$74.6M	156
Q4 2023	$130.7M	175

Questions about Lummis Asset Management, LP's portfolio

What stocks does Lummis Asset Management, LP own?

Lummis Asset Management, LP's latest 13F, for Q2 2026 and filed Aug 3, 2026, lists 221 positions worth $167.2M. The largest are Matador Resources Co. (MTDR) at 9.7%, Apple Inc (AAPL) at 9.5%, Microsoft Corp (MSFT) at 7.8%, Alphabet Inc (GOOG) at 6.5% and Berkshire Hathaway Cl B (BRK-A) at 4.8%.

What did Lummis Asset Management, LP buy last quarter?

In Q2 2026, Lummis Asset Management, LP added Amrize Ltd Shs (AMRZ) (+19.3% shares) and Triple Flag Precious Metal (TFPM) (+5.2% shares), compared with its Q1 2026 filing.

What did Lummis Asset Management, LP sell last quarter?

In Q2 2026, Lummis Asset Management, LP cut from its top 50 Vanguard Intl Equity Index F (VPL), Acushnet Holdings Co (GOLF) (-90.2% shares), Pepsico Inc (PEP) (-43.9% shares) and Dorman Prods Inc (DORM) (-34.7% shares), compared with its Q1 2026 filing.

How has Lummis Asset Management, LP's portfolio performed?

A portfolio copying Lummis Asset Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.8% a year over the last 3 years, against +16.5% for the S&P 500. Over 1 year: +12.4% against +11.7%.

When is Lummis Asset Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lummis Asset Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.