FULTON BREAKEFIELD BROENNIMAN LLC
Long book
$1.53B
Q1 2026
Positions
200
Top-10 weight
45%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsFULTON BREAKEFIELD BROENNIMAN LLC is an institutional manager, running a $1.53B US long book across 200 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, VANGUARD FTSE DEVELOPED ETF, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+6.8%
Q3 2024
+0.3%
Q4 2024
-2.4%
Q1 2025
+5.8%
Q2 2025
+6.4%
Q3 2025
+3.2%
Q4 2025
-3.1%
Q1 2026
+12.0%
Sector allocation
Technology 37%
Financials 14%
Consumer discretionary 14%
Industrials 9%
Healthcare 9%
Services media 7%
Utilities 4%
Materials 3%
Long book by quarter
What does FULTON BREAKEFIELD own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 299.9K | $76.1M | 5.0% | -11.6% |
| MSFT MICROSOFT CORP | Technology | 178.2K | $66.0M | 4.3% | +0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 222.8K | $64.1M | 4.2% | -11.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 228.9K | $47.7M | 3.1% | -19.7% |
| NVDA NVIDIA CORP | Technology | 260.4K | $45.4M | 3.0% | +5.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 267.1K | $35.8M | 2.3% | +204.3% |
| HWM HOWMET AEROSPACE INC | Industrials | 126.5K | $29.2M | 1.9% | -1.3% |
| LLY ELI LILLY & CO | Healthcare | 30.6K | $28.1M | 1.8% | -0.1% |
| V VISA INC-CLASS A SHARES | Services media | 83.9K | $25.3M | 1.7% | -18.1% |
| LIN LINDE PLC | Materials | 45.1K | $22.4M | 1.5% | -0.7% |
| TJX TJX COMPANIES INC | Consumer discretionary | 139.7K | $22.3M | 1.5% | -0.5% |
| PGR PROGRESSIVE CORP | Financials | 110.0K | $21.8M | 1.4% | +0.1% |
| NEE NEXTERA ENERGY INC | Utilities | 226.0K | $21.0M | 1.4% | -19.5% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 14.6K | $19.3M | 1.3% | -3.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 78.7K | $18.6M | 1.2% | -27.9% |
| ABBV ABBVIE INC | Healthcare | 83.0K | $18.1M | 1.2% | -2.0% |
| AVGO BROADCOM INC | Technology | 56.9K | $17.6M | 1.1% | +606.7% |
| JPM JPMORGAN CHASE & CO | Financials | 58.9K | $17.3M | 1.1% | +0.4% |
| SYK STRYKER CORP | Healthcare | 49.0K | $16.1M | 1.1% | -2.2% |
| NFLX NETFLIX INC | Services media | 166.4K | $16.0M | 1.0% | +1.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 49.3K | $15.3M | 1.0% | -1.4% |
| GD GENERAL DYNAMICS CORP | Industrials | 41.5K | $14.3M | 0.9% | 0.0% |
| AXP AMERICAN EXPRESS CO | Financials | 46.3K | $14.0M | 0.9% | 0.0% |
| EOG EOG RESOURCES INC | Energy | 96.1K | $13.9M | 0.9% | -0.6% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 122.2K | $13.6M | 0.9% | -2.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 42.7K | $11.5M | 0.8% | -5.3% |
| WCN WASTE CONNECTIONS INC | Utilities | 58.6K | $9.5M | 0.6% | -1.1% |
| SPGI S&P GLOBAL INC | Services media | 21.8K | $9.3M | 0.6% | -3.1% |
| DHR DANAHER CORP | Technology | 45.9K | $8.7M | 0.6% | -4.9% |
| VRT VERTIV HOLDINGS CO-A | Technology | 33.7K | $8.5M | 0.6% | -0.9% |
| GWW WW GRAINGER INC | Consumer discretionary | 7.4K | $8.1M | 0.5% | +0.2% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 24.7K | $7.5M | 0.5% | +0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 11.9K | $6.8M | 0.4% | +710.7% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 11.3K | $5.5M | 0.4% | -4.7% |
| CVX CHEVRON CORP | Energy | 25.7K | $5.3M | 0.3% | -0.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 20.7K | $5.1M | 0.3% | +0.1% |
| TSLA TESLA INC | Industrials | 12.4K | $4.6M | 0.3% | +0.1% |
| NOW SERVICENOW INC | Technology | 38.9K | $4.1M | 0.3% | +0.4% |
| GOOG ALPHABET INC-CL C | Technology | 14.1K | $4.1M | 0.3% | +0.6% |
| XOM EXXON MOBIL CORP | Energy | 17.8K | $3.0M | 0.2% | -1.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.7K | $2.7M | 0.2% | -6.8% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 7.6K | $2.5M | 0.2% | -1.5% |
| ETN EATON CORP PLC | Industrials | 6.2K | $2.2M | 0.1% | -3.0% |
| ITW ILLINOIS TOOL WORKS | Industrials | 8.2K | $2.1M | 0.1% | +4.7% |
| AMGN AMGEN INC | Healthcare | 5.8K | $2.0M | 0.1% | -1.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 8.4K | $1.6M | 0.1% | -0.8% |
| RTX RTX CORP | Industrials | 6.7K | $1.3M | 0.1% | +1.3% |
| CAT CATERPILLAR INC | Industrials | 1.8K | $1.3M | 0.1% | -5.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 8.8K | $1.3M | 0.1% | +6.4% |
| CHD CHURCH & DWIGHT CO INC | Other | 13.0K | $1.2M | 0.1% | -52.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 200 | $1.53B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 203 | $1.58B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 16, 2025 | 204 | $1.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 195 | $1.48B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 185 | $1.38B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 191 | $1.40B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 182 | $1.43B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 184 | $1.35B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 181 | $1.30B | canonical | SEC ↗ |
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