# FULTON BREAKEFIELD BROENNIMAN LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1119254. Source: https://holderbook.com/funds/1119254-fulton-breakefield-broenniman-llc/

- Reported value: $1.7B
- Positions: 208
- Weight of the ten largest: 48.8%
- Filed: 2026-08-03

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $172.5M | 230,377 | 10.2% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $96.6M | 1,355,730 | 5.7% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $83.8M | 289,696 | 4.9% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $77.7M | 217,294 | 4.6% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $75.2M | 157,528 | 4.4% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $70.6M | 475,919 | 4.2% | 28 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $68.5M | 888,514 | 4.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $65.5M | 175,620 | 3.9% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $63.9M | 319,367 | 3.8% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $53.4M | 223,906 | 3.1% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $36.0M | 30,025 | 2.1% | 28 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $35.8M | 451,102 | 2.1% | 6 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $33.7M | 340,140 | 2.0% | 28 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $33.5M | 652,977 | 2.0% | 13 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $33.4M | 124,256 | 2.0% | 10 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $30.9M | 15,547 | 1.8% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $27.7M | 73,277 | 1.6% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $25.9M | 75,535 | 1.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $24.9M | 49,763 | 1.5% | 17 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $23.1M | 44,423 | 1.4% | 14 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $20.9M | 137,691 | 1.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $19.3M | 59,000 | 1.1% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $17.2M | 41,408 | 1.0% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $16.8M | 76,239 | 1.0% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $16.8M | 22,490 | 1.0% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $16.1M | 73,708 | 0.9% | 28 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $15.5M | 61,728 | 0.9% | 28 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $15.5M | 45,916 | 0.9% | 17 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $15.2M | 64,034 | 0.9% | 19 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $14.3M | 40,420 | 0.8% | 10 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $14.1M | 119,506 | 0.8% | 10 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $14.1M | 161,033 | 0.8% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $13.4M | 42,649 | 0.8% | 28 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $12.7M | 47,038 | 0.7% | 28 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $12.4M | 405,687 | 0.7% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.0M | 39,926 | 0.7% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $11.7M | 163,764 | 0.7% | 15 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $11.6M | 34,625 | 0.7% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $11.4M | 15,535 | 0.7% | 17 |
| J P MORGAN EXCHANGE TRADED F | [JCPI](https://holderbook.com/stocks/JCPI/) | $11.4M | 238,292 | 0.7% | 1 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $11.4M | 87,862 | 0.7% | 5 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $10.9M | 426,017 | 0.6% | 13 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $9.9M | 7,302 | 0.6% | 6 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $9.8M | 390,591 | 0.6% | 28 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $9.5M | 86,879 | 0.6% | 28 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $8.9M | 53,369 | 0.5% | 7 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $8.1M | 24,638 | 0.5% | 3 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $7.6M | 70,889 | 0.4% | 28 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $7.6M | 35,828 | 0.4% | 31 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $7.4M | 35,805 | 0.4% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.4M | 11,405 | 0.4% | 6 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $6.2M | 15,677 | 0.4% | 18 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $6.2M | 254,470 | 0.4% | 23 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $5.7M | 48,756 | 0.3% | 31 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $5.7M | 15,520 | 0.3% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.1M | 20,142 | 0.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.8M | 13,551 | 0.3% | 28 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $4.8M | 196,600 | 0.3% | 19 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $4.6M | 10,069 | 0.3% | 3 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $4.3M | 27,921 | 0.3% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.3M | 10,209 | 0.3% | 26 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $4.2M | 166,941 | 0.2% | 16 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $4.1M | 26,312 | 0.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.1M | 24,721 | 0.2% | 31 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $3.9M | 177,115 | 0.2% | 10 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $3.8M | 89,168 | 0.2% | 13 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $3.5M | 151,144 | 0.2% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.4M | 9,287 | 0.2% | 28 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $2.8M | 134,439 | 0.2% | 8 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.8M | 7,531 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.7M | 6,378 | 0.2% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.5M | 18,154 | 0.1% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.5M | 2,641 | 0.1% | 28 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.5M | 8,288 | 0.1% | 22 |
| ISHARES TR | [IBDX](https://holderbook.com/stocks/IBDX/) | $2.2M | 88,568 | 0.1% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.2M | 6,136 | 0.1% | 17 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.2M | 11,397 | 0.1% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.2M | 7,997 | 0.1% | 15 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.0M | 10,347 | 0.1% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,849 | 0.1% | 22 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.8M | 49,302 | 0.1% | 31 |
| ISHARES TR | [IBDY](https://holderbook.com/stocks/IBDY/) | $1.7M | 66,715 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.6M | 44,342 | 0.1% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.6M | 2,206 | 0.1% | 17 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.6M | 59,279 | 0.1% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 8,739 | 0.1% | 28 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.3M | 6,714 | 0.1% | 17 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.3M | 1,096 | 0.1% | 3 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $1.2M | 12,305 | 0.1% | 31 |
| ISHARES TR | [IBDZ](https://holderbook.com/stocks/IBDZ/) | $1.2M | 45,351 | 0.1% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.2M | 4,277 | 0.1% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.1M | 8,751 | 0.1% | 28 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 3,872 | 0.1% | 28 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0M | 2,920 | 0.1% | 28 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.0M | 8,209 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.0M | 1,479 | 0.1% | 9 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.0M | 1,052 | 0.1% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.0M | 12,440 | 0.1% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $979.9K | 2,660 | 0.1% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $933.8K | 8,245 | 0.1% | 22 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.8% | +14.8% | -4.0% | 105% |
| Q1 2026 | -3.4% | -4.6% | +1.2% | 99% |
| Q4 2025 | +2.8% | +2.4% | +0.5% | 99% |
| Q3 2025 | +6.1% | +7.8% | -1.8% | 99% |
| Q2 2025 | +5.4% | +10.5% | -5.0% | 99% |
| Q1 2025 | -2.8% | -4.6% | +1.8% | 99% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 98% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.7B | 208 |
| Q1 2026 | $1.5B | 200 |
| Q4 2025 | $1.6B | 203 |
| Q3 2025 | $1.5B | 204 |
| Q2 2025 | $1.5B | 195 |
| Q1 2025 | $1.4B | 185 |
| Q4 2024 | $1.4B | 191 |
| Q3 2024 | $1.4B | 182 |
| Q2 2024 | $1.4B | 184 |
| Q1 2024 | $1.3B | 181 |
| Q4 2023 | $1.2B | 175 |
| Q3 2023 | $1.2B | 168 |