# SFMG, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1512026. Source: https://holderbook.com/funds/1512026-sfmg-llc/

- Reported value: $1.7B
- Positions: 334
- Weight of the ten largest: 59.8%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $182.7M | 1,060,369 | 11.0% | 31 |
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $154.3M | 2,648,509 | 9.3% | 5 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $154.1M | 1,710,162 | 9.3% | 31 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $123.5M | 870,472 | 7.4% | 31 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $104.8M | 560,714 | 6.3% | 28 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $70.8M | 681,430 | 4.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $67.8M | 232,048 | 4.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $54.6M | 109,129 | 3.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $42.2M | 173,160 | 2.5% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $38.1M | 50,917 | 2.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $35.8M | 49,474 | 2.2% | 26 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $35.1M | 563,677 | 2.1% | 17 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $27.7M | 47,675 | 1.7% | 24 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $27.5M | 22,501 | 1.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $25.1M | 105,222 | 1.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $25.0M | 70,722 | 1.5% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.9M | 61,296 | 1.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHQ](https://holderbook.com/stocks/SCHQ/) | $19.5M | 621,809 | 1.2% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $16.8M | 298,098 | 1.0% | 18 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $13.2M | 69,335 | 0.8% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.6M | 111,028 | 0.8% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $11.9M | 34,942 | 0.7% | 13 |
| FIDELITY COVINGTON TRUST | [FDIF](https://holderbook.com/stocks/FDIF/) | $10.3M | 254,195 | 0.6% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $8.6M | 24,052 | 0.5% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $8.4M | 177,477 | 0.5% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.7M | 22,188 | 0.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $7.6M | 257,317 | 0.5% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.2M | 19,141 | 0.4% | 18 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $7.0M | 166,299 | 0.4% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $6.9M | 66,641 | 0.4% | 27 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $6.5M | 16,224 | 0.4% | 5 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $6.4M | 342,928 | 0.4% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.2M | 8,271 | 0.4% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $6.1M | 18,172 | 0.4% | 29 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $5.8M | 121,108 | 0.3% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.8M | 17,677 | 0.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.8M | 10,244 | 0.3% | 31 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $5.5M | 231,526 | 0.3% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $5.4M | 12,775 | 0.3% | 26 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $5.3M | 5,476 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.1M | 7,417 | 0.3% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.9M | 9,852 | 0.3% | 23 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $4.5M | 97,284 | 0.3% | 12 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.4M | 14,580 | 0.3% | 21 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.4M | 4,690 | 0.3% | 31 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $4.4M | 48,072 | 0.3% | 25 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $4.3M | 47,580 | 0.3% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.1M | 3,421 | 0.2% | 26 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.0M | 25,409 | 0.2% | 23 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $4.0M | 4,101 | 0.2% | 21 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 10,639 | 0.2% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.8M | 14,871 | 0.2% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $3.7M | 9,916 | 0.2% | 31 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $3.6M | 42,033 | 0.2% | 7 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $3.4M | 15,074 | 0.2% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $3.3M | 15,074 | 0.2% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $3.3M | 16,038 | 0.2% | 27 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $3.2M | 63,247 | 0.2% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.1M | 22,671 | 0.2% | 31 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $2.9M | 31,434 | 0.2% | 15 |
| INNOVATOR ETFS TRUST | [BALT](https://holderbook.com/stocks/BALT/) | $2.8M | 82,776 | 0.2% | 14 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.8M | 2,414 | 0.2% | 4 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $2.6M | 4,048 | 0.2% | 5 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $2.5M | 49,340 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.5M | 15,514 | 0.1% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.4M | 18,278 | 0.1% | 23 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $2.4M | 8,044 | 0.1% | 4 |
| MORGAN STANLEY DIRECT LENDIN | [MSDL](https://holderbook.com/stocks/MSDL/) | $2.4M | 159,722 | 0.1% | 7 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $2.4M | 3,676 | 0.1% | 22 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $2.4M | 7,291 | 0.1% | 20 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.4M | 23,359 | 0.1% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.3M | 19,235 | 0.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $2.2M | 3 | 0.1% | 23 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $2.2M | 47,220 | 0.1% | 15 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.1M | 17,087 | 0.1% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,922 | 0.1% | 23 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.0M | 2,630 | 0.1% | 10 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $2.0M | 4,354 | 0.1% | 5 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $2.0M | 16,439 | 0.1% | 4 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $1.9M | 26,362 | 0.1% | 6 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $1.9M | 16,379 | 0.1% | 8 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $1.8M | 49,445 | 0.1% | 1 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.8M | 3,659 | 0.1% | 23 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.8M | 4,237 | 0.1% | 23 |
| INNOVATOR ETFS TRUST | [PAPR](https://holderbook.com/stocks/PAPR/) | $1.8M | 42,481 | 0.1% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.7M | 5,870 | 0.1% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $1.7M | 23,725 | 0.1% | 6 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.7M | 33,561 | 0.1% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 4,790 | 0.1% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 11,366 | 0.1% | 31 |
| GRANITE RIDGE RESOURCES INC | [GRNT](https://holderbook.com/stocks/GRNT/) | $1.5M | 337,730 | 0.1% | 14 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.5M | 6,989 | 0.1% | 3 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $1.5M | 27,030 | 0.1% | 5 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $1.5M | 5,111 | 0.1% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.4M | 5,732 | 0.1% | 31 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $1.4M | 11,309 | 0.1% | 16 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.4M | 19,909 | 0.1% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 8,466 | 0.1% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.4M | 4,933 | 0.1% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.4M | 5,058 | 0.1% | 30 |

## 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 | +10.7% | +14.8% | -4.1% | 99% |
| Q1 2026 | -1.5% | -4.6% | +3.1% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +5.8% | +10.5% | -4.7% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.0% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.7B | 334 |
| Q1 2026 | $1.5B | 315 |
| Q4 2025 | $1.5B | 306 |
| Q3 2025 | $1.4B | 307 |
| Q2 2025 | $1.3B | 280 |
| Q1 2025 | $1.3B | 283 |
| Q4 2024 | $1.3B | 273 |
| Q3 2024 | $1.2B | 274 |
| Q2 2024 | $1.2B | 272 |
| Q1 2024 | $1.2B | 283 |
| Q4 2023 | $1.1B | 271 |
| Q3 2023 | $972.9M | 254 |