SFMG, LLC
Long book
$1.46B
Q1 2026
Positions
313
Top-10 weight
62%
concentration
Last quarter
+11.1%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsSFMG, LLC is a wealth-management firm allocating client money, running a $1.46B US long book across 313 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ATMOS ENERGY CORP, PACER TRENDPILOT US LARGE CA, INVESCO S&P 500 QUALITY ETF, GOLDMAN ACTIVEBETA US LC ETF, SS SPDR MSCI U STRATFACT ETF.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+7.4%
Q3 2024
+1.6%
Q4 2024
-0.9%
Q1 2025
+6.2%
Q2 2025
+6.8%
Q3 2025
+2.5%
Q4 2025
-1.2%
Q1 2026
+11.1%
Sector allocation
Technology 29%
Utilities 29%
Financials 11%
Consumer discretionary 8%
Industrials 7%
Other 4%
Energy 4%
Healthcare 3%
Long book by quarter
What does SFMG, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ATO ATMOS ENERGY CORP | Utilities | 1.1M | $195.5M | 13.4% | -0.2% |
| AAPL APPLE INC | Technology | 231.9K | $58.9M | 4.0% | +3.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 111.7K | $53.5M | 3.7% | -3.1% |
| NVDA NVIDIA CORP | Technology | 170.3K | $29.7M | 2.0% | +2.6% |
| MSFT MICROSOFT CORP | Technology | 60.9K | $22.5M | 1.5% | -1.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 106.0K | $22.1M | 1.5% | +1.2% |
| GOOG ALPHABET INC-CL C | Technology | 71.1K | $20.4M | 1.4% | -2.6% |
| AMAT APPLIED MATERIALS INC | Technology | 50.5K | $17.3M | 1.2% | -1.3% |
| WMT WALMART INC | Consumer discretionary | 108.8K | $13.5M | 0.9% | -0.8% |
| RTX RTX CORP | Industrials | 69.8K | $13.5M | 0.9% | -1.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 48.7K | $9.9M | 0.7% | -0.9% |
| COP CONOCOPHILLIPS | Energy | 67.5K | $8.9M | 0.6% | -0.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 167.8K | $8.4M | 0.6% | -1.6% |
| CSX CSX CORP | Industrials | 179.4K | $7.4M | 0.5% | +0.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 30.6K | $6.9M | 0.5% | +0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 23.1K | $6.7M | 0.5% | +1.0% |
| V VISA INC-CLASS A SHARES | Services media | 21.9K | $6.6M | 0.5% | -1.1% |
| ARCC ARES CAPITAL CORP | — | 352.2K | $6.3M | 0.4% | -3.5% |
| PANW PALO ALTO NETWORKS INC | Technology | 35.7K | $5.7M | 0.4% | +2.9% |
| META META PLATFORMS INC-CLASS A | Technology | 10.0K | $5.7M | 0.4% | -2.8% |
| BXSL BLACKSTONE SECURED LENDING F | — | 232.9K | $5.5M | 0.4% | -1.9% |
| JPM JPMORGAN CHASE & CO | Financials | 18.5K | $5.4M | 0.4% | +14.9% |
| BLK BLACKROCK INC | Financials | 5.5K | $5.3M | 0.4% | -2.1% |
| SLB SLB LTD | Energy | 101.1K | $5.2M | 0.4% | +1.3% |
| AVGO BROADCOM INC | Technology | 16.6K | $5.1M | 0.4% | +1.3% |
| CRM SALESFORCE INC | Technology | 27.0K | $5.0M | 0.3% | +2.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 9.7K | $4.8M | 0.3% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.6K | $4.5M | 0.3% | +33.1% |
| TSLA TESLA INC | Industrials | 11.9K | $4.4M | 0.3% | +2.0% |
| MDT MEDTRONIC PLC | Healthcare | 50.8K | $4.4M | 0.3% | -4.2% |
| ADBE ADOBE INC | Technology | 16.9K | $4.1M | 0.3% | +3.4% |
| XOM EXXON MOBIL CORP | Energy | 21.6K | $3.7M | 0.3% | -4.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.5K | $3.3M | 0.2% | -2.9% |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 208.7K | $2.9M | 0.2% | -12.3% |
| ZTS ZOETIS INC | Healthcare | 24.1K | $2.9M | 0.2% | +5.4% |
| LLY ELI LILLY & CO | Healthcare | 3.1K | $2.8M | 0.2% | +5.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 17.9K | $2.6M | 0.2% | +5.6% |
| LULU LULULEMON ATHLETICA INC | Other | 16.1K | $2.5M | 0.2% | +4.0% |
| MCK MCKESSON CORP | Consumer discretionary | 2.6K | $2.3M | 0.2% | Held |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 7.3K | $2.2M | 0.2% | -12.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 3 | $2.2M | 0.1% | Held |
| KLAC KLA CORP | Other | 1.5K | $2.1M | 0.1% | Held |
| NFLX NETFLIX INC | Services media | 21.5K | $2.1M | 0.1% | +6.5% |
| GRNT GRANITE RIDGE RESOURCES INC | Energy | 310.6K | $1.8M | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 11.3K | $1.8M | 0.1% | +38.9% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 3.8K | $1.7M | 0.1% | -8.2% |
| CSCO CISCO SYSTEMS INC | Technology | 21.6K | $1.7M | 0.1% | +2.4% |
| CVX CHEVRON CORP | Energy | 8.1K | $1.7M | 0.1% | +4.5% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 27.0K | $1.7M | 0.1% | +61.9% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 4.1K | $1.6M | 0.1% | +0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 333 | $1.48B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 315 | $1.49B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 307 | $1.44B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 280 | $1.33B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 283 | $1.27B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 273 | $1.27B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 25, 2024 | 274 | $1.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 272 | $1.15B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 283 | $1.16B | canonical | SEC ↗ |