SFMG, LLC

13F filer · CIK 0001512026

Reported Aug 13, 2026

Net buyer this quarter

13F portfolio value$1.66BU.S. long equity reported on 13F

Positions24927 new · 11 closed

Net flow last quarter+$5.11MBuys minus sells

Top 10 positions weight29.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 13, 2026249 positions
ATOAtmos Energy Corp	$183M	11.00%	0.63%	+0.2%	Q2 2013
AAPLApple Inc.	$67.1M	4.04%	0.00%	+0.1%	Q2 2013
BRK.BBerkshire Hathaway Inc	$54.6M	3.29%	Not reported	-2.3%	Q2 2013
AMATApplied Materials Inc	$35.8M	2.15%	0.01%	-2.0%	Q1 2020
NVDANvidia Corp	$34.6M	2.09%	0.00%	+1.7%	Q1 2018
AMDAdvanced Micro Devices Inc	$27.7M	1.67%	0.00%	-2.2%	Q4 2017
AMZNAmazon Com Inc	$25.1M	1.51%	0.00%	-0.8%	Q1 2015
GOOGAlphabet Inc.	$25M	1.50%	Not reported	-0.5%	Q4 2015
MSFTMicrosoft Corp	$22.9M	1.38%	0.00%	+0.6%	Q2 2013
SPYSPDR S&P 500 ETF Trust	$16.8M	1.01%	Not reported	+8.2%	Q2 2013
RTXRTX Corp	$13.2M	0.79%	0.01%	-0.7%	Q2 2020
WMTWalmart Inc.	$12.6M	0.76%	0.00%	+2.1%	Q1 2015
PANWPalo Alto Networks Inc	$11.9M	0.72%	0.00%	-2.0%	Q4 2019
GOOGLAlphabet Inc.	$8.6M	0.52%	0.00%	+4.0%	Q4 2015
CSXCSX Corp	$8.44M	0.51%	0.01%	-1.1%	Q3 2013
VVisa Inc.	$7.61M	0.46%	0.00%	+1.3%	Q4 2016
AVGOBroadcom Inc.	$7.23M	0.44%	0.00%	+15.3%	Q1 2022
VZVerizon Communications Inc	$7.04M	0.42%	0.00%	-0.9%	Q2 2013
COPConocophillips	$6.93M	0.42%	0.01%	-1.3%	Q2 2013
ISRGIntuitive Surgical Inc	$6.45M	0.39%	0.00%	+669.3%	Q2 2025
ARCCAres Capital Corp	$6.35M	0.38%	0.05%	-2.6%	Q4 2014
QQQInvesco QQQ Trust, Series 1	$6.09M	0.37%	Not reported	-1.4%	Q2 2018
NVONovo Nordisk A S	$5.81M	0.35%	Not reported	+1.1%	Q1 2024
JPMJPMorgan Chase & Co	$5.79M	0.35%	0.00%	-4.2%	Q4 2013
METAMeta Platforms, Inc.	$5.77M	0.35%	Not reported	+2.7%	Q2 2013
BXSLBlackstone Secured Lending Fund	$5.49M	0.33%	0.10%	-0.6%	Q4 2024
TSLATesla, Inc.	$5.37M	0.32%	0.00%	+7.1%	Q2 2017
BLKBlackRock, Inc.	$5.27M	0.32%	0.00%	-1.2%	Q2 2020
TMOThermo Fisher Scientific Inc.	$4.94M	0.30%	0.00%	+1.4%	Q4 2020
SLBSLB Limited	$4.52M	0.27%	0.01%	-3.8%	Q4 2014
KLACKla Corp	$4.4M	0.26%	0.00%	+0.5%	Q2 2021
COSTCostco Wholesale Corp	$4.39M	0.26%	0.00%	+2.9%	Q4 2018
LLYELI LILLY & Co	$4.1M	0.25%	0.00%	+11.3%	Q2 2013
CRMSalesforce, Inc.	$3.98M	0.24%	0.00%	-6.0%	Q4 2020
STXSeagate Technology Holdings plc	$3.96M	0.24%	0.00%	+0.1%	Q1 2015
JNJJohnson & Johnson	$3.78M	0.23%	0.00%	+10.2%	Q2 2013
GLDSPDR Gold Trust	$3.65M	0.22%	0.00%	-4.0%	Q2 2013
HONHoneywell International Inc	$3.38M	0.20%	0.00%	-1.5%	Q1 2017
HONAHoneywell Aerospace Inc.	$3.33M	0.20%	Not reported	-1.5%	Q2 2026
ADBEAdobe Inc.	$3.29M	0.20%	0.00%	-5.3%	Q4 2019
FBTCFidelity Wise Origin Bitcoin Fund	$3.23M	0.19%	0.03%	+11.1%	Q1 2024
XOMExxonMobil Holdings Corp	$3.1M	0.19%	0.00%	+4.8%	Q2 2013
BALTBaltic Trading Ltd	$2.84M	0.17%	Not reported	-9.4%	Q1 2023
MUMicron Technology Inc	$2.79M	0.17%	0.00%	-26.7%	Q1 2025
WDCWestern Digital Corp	$2.59M	0.16%	0.00%	+0.2%	Q1 2015
MSDLMorgan Stanley Direct Lending Fund	$2.41M	0.15%	0.19%	-23.5%	Q4 2024
SMHMarket Vectors ETF Trust	$2.41M	0.15%	Not reported	-13.6%	Q1 2021
HLTHilton Worldwide Holdings Inc.	$2.41M	0.15%	0.00%	+0.3%	Q3 2021
CSCOCisco Systems, Inc.	$2.26M	0.14%	0.00%	-11.1%	Q1 2015
BRK.ABerkshire Hathaway Inc	$2.25M	0.14%	Not reported	Not reported	Q4 2020

Q1 2026Reported May 12, 2026232 positions
ATOAtmos Energy Corp	$196M	13.24%	0.63%	-0.2%	Q2 2013
AAPLApple Inc.	$58.9M	3.99%	0.00%	+3.8%	Q2 2013
BRK.BBerkshire Hathaway Inc	$53.5M	3.62%	Not reported	-3.1%	Q2 2013
NVDANvidia Corp	$29.7M	2.01%	0.00%	+2.6%	Q1 2018
MSFTMicrosoft Corp	$22.5M	1.53%	0.00%	-1.0%	Q2 2013
AMZNAmazon Com Inc	$22.1M	1.50%	0.00%	+1.2%	Q1 2015
GOOGAlphabet Inc.	$20.4M	1.38%	Not reported	-2.6%	Q4 2015
AMATApplied Materials Inc	$17.3M	1.17%	0.01%	-1.3%	Q1 2020
SPYSPDR S&P 500 ETF Trust	$13.5M	0.92%	Not reported	+1.1%	Q2 2013
WMTWalmart Inc.	$13.5M	0.92%	0.00%	-0.8%	Q1 2015
RTXRTX Corp	$13.5M	0.91%	0.01%	-1.6%	Q2 2020
AMDAdvanced Micro Devices Inc	$9.91M	0.67%	0.00%	-0.9%	Q4 2017
COPConocophillips	$8.91M	0.60%	0.01%	-0.7%	Q2 2013
VZVerizon Communications Inc	$8.42M	0.57%	0.00%	-1.6%	Q2 2013
CSXCSX Corp	$7.36M	0.50%	0.01%	+0.3%	Q3 2013
HONHoneywell International Inc	$6.92M	0.47%	0.00%	+0.2%	Q1 2017
GOOGLAlphabet Inc.	$6.65M	0.45%	0.00%	+1.0%	Q4 2015
VVisa Inc.	$6.62M	0.45%	0.00%	-1.1%	Q4 2016
ARCCAres Capital Corp	$6.35M	0.43%	0.05%	-3.5%	Q4 2014
PANWPalo Alto Networks Inc	$5.72M	0.39%	0.00%	+3.0%	Q4 2019
METAMeta Platforms, Inc.	$5.71M	0.39%	Not reported	-2.8%	Q2 2013
BXSLBlackstone Secured Lending Fund	$5.52M	0.37%	0.10%	-1.9%	Q4 2024
JPMJPMorgan Chase & Co	$5.43M	0.37%	0.00%	+14.9%	Q4 2013
BLKBlackRock, Inc.	$5.33M	0.36%	0.00%	-2.1%	Q2 2020
SLBSLB Limited	$5.2M	0.35%	0.01%	+1.3%	Q4 2014
AVGOBroadcom Inc.	$5.14M	0.35%	0.00%	+1.3%	Q1 2022
CRMSalesforce, Inc.	$5.05M	0.34%	0.00%	+2.9%	Q4 2020
QQQInvesco QQQ Trust, Series 1	$4.84M	0.33%	Not reported	+0.9%	Q2 2018
TMOThermo Fisher Scientific Inc.	$4.77M	0.32%	0.00%	-0.2%	Q4 2020
COSTCostco Wholesale Corp	$4.54M	0.31%	0.00%	+33.1%	Q4 2018
GLDSPDR Gold Trust	$4.45M	0.30%	0.00%	-8.6%	Q2 2013
TSLATesla, Inc.	$4.43M	0.30%	0.00%	+2.0%	Q2 2017
MDTMedtronic plc	$4.41M	0.30%	0.00%	-4.2%	Q4 2022
NVONovo Nordisk A S	$4.4M	0.30%	Not reported	+3.2%	Q1 2024
ADBEAdobe Inc.	$4.11M	0.28%	0.00%	+3.4%	Q4 2019
XOMExxonMobil Holdings Corp	$3.67M	0.25%	0.00%	-4.6%	Q2 2013
FBTCFidelity Wise Origin Bitcoin Fund	$3.36M	0.23%	0.03%	+14.9%	Q1 2024
JNJJohnson & Johnson	$3.3M	0.22%	0.00%	-2.9%	Q2 2013
BALTBaltic Trading Ltd	$3.06M	0.21%	Not reported	-1.6%	Q1 2023
MSDLMorgan Stanley Direct Lending Fund	$2.91M	0.20%	0.24%	-12.3%	Q4 2024
ZTSZoetis Inc.	$2.85M	0.19%	0.01%	+5.4%	Q4 2023
LLYELI LILLY & Co	$2.83M	0.19%	0.00%	+5.1%	Q2 2013
PLTRPalantir Technologies Inc.	$2.61M	0.18%	0.00%	+5.6%	Q4 2020
LULUlululemon athletica inc.	$2.46M	0.17%	0.01%	+4.0%	Q3 2021
MCKMckesson Corp	$2.27M	0.15%	0.00%	Not reported	Q1 2024
WPCW. P. Carey Inc.	$2.25M	0.15%	0.01%	-10.0%	Q1 2015
HLTHilton Worldwide Holdings Inc.	$2.21M	0.15%	0.00%	-12.1%	Q3 2021
BRK.ABerkshire Hathaway Inc	$2.15M	0.15%	Not reported	Not reported	Q4 2020
KLACKla Corp	$2.14M	0.14%	0.00%	Not reported	Q2 2021
NFLXNetflix Inc	$2.07M	0.14%	0.00%	+6.5%	Q2 2016

Q4 2025Reported Feb 10, 2026220 positions
ATOAtmos Energy Corp	$178M	11.92%	0.64%	+1.8%	Q2 2013
AAPLApple Inc.	$60.7M	4.07%	0.00%	+1.5%	Q2 2013
BRK.BBerkshire Hathaway Inc	$57.9M	3.88%	Not reported	-1.0%	Q2 2013
NVDANvidia Corp	$31M	2.08%	0.00%	+9.7%	Q1 2018
MSFTMicrosoft Corp	$29.8M	1.99%	0.00%	-5.5%	Q2 2013
AMZNAmazon Com Inc	$24.2M	1.62%	0.00%	+1.4%	Q1 2015
GOOGAlphabet Inc.	$22.9M	1.54%	Not reported	-2.2%	Q4 2015
SPYSPDR S&P 500 ETF Trust	$14M	0.94%	Not reported	+4.1%	Q2 2013
AMATApplied Materials Inc	$13.1M	0.88%	0.01%	-2.3%	Q1 2020
RTXRTX Corp	$13M	0.87%	0.01%	-2.3%	Q2 2020
WMTWalmart Inc.	$12.2M	0.82%	0.00%	-6.4%	Q1 2015
AMDAdvanced Micro Devices Inc	$10.5M	0.71%	0.00%	-17.5%	Q4 2017
VVisa Inc.	$7.77M	0.52%	0.00%	+1.9%	Q4 2016
ARCCAres Capital Corp	$7.38M	0.49%	0.05%	-0.1%	Q4 2014
GOOGLAlphabet Inc.	$7.17M	0.48%	0.00%	+2.0%	Q4 2015
CRMSalesforce, Inc.	$6.96M	0.47%	0.00%	+5.2%	Q4 2020
VZVerizon Communications Inc	$6.95M	0.47%	0.00%	+3.1%	Q2 2013
METAMeta Platforms, Inc.	$6.77M	0.45%	Not reported	-0.5%	Q2 2013
CSXCSX Corp	$6.48M	0.43%	0.01%	+0.3%	Q3 2013
PANWPalo Alto Networks Inc	$6.38M	0.43%	0.01%	-2.2%	Q4 2019
COPConocophillips	$6.36M	0.43%	0.01%	-0.3%	Q2 2013
BXSLBlackstone Secured Lending Fund	$6.25M	0.42%	0.10%	-4.4%	Q4 2024
BLKBlackRock, Inc.	$6.06M	0.41%	0.00%	+3.7%	Q2 2020
HONHoneywell International Inc	$5.96M	0.40%	0.00%	+1.1%	Q1 2017
NVONovo Nordisk A S	$5.9M	0.40%	Not reported	+5.1%	Q1 2024
ADBEAdobe Inc.	$5.73M	0.38%	0.00%	-1.5%	Q4 2019
AVGOBroadcom Inc.	$5.67M	0.38%	0.00%	+2.5%	Q1 2022
TMOThermo Fisher Scientific Inc.	$5.64M	0.38%	0.00%	+0.4%	Q4 2020
TSLATesla, Inc.	$5.26M	0.35%	0.00%	+3.0%	Q2 2017
JPMJPMorgan Chase & Co	$5.18M	0.35%	0.00%	+5.7%	Q4 2013
QQQInvesco QQQ Trust, Series 1	$5.11M	0.34%	Not reported	-22.7%	Q2 2018
MDTMedtronic plc	$5.1M	0.34%	0.00%	+4.5%	Q4 2022
GLDSPDR Gold Trust	$4.48M	0.30%	0.00%	+10.6%	Q2 2013
MSDLMorgan Stanley Direct Lending Fund	$3.92M	0.26%	0.28%	-8.2%	Q4 2024
SLBSLB Limited	$3.83M	0.26%	0.01%	-7.8%	Q4 2014
FBTCFidelity Wise Origin Bitcoin Fund	$3.78M	0.25%	0.02%	+8.8%	Q1 2024
LULUlululemon athletica inc.	$3.21M	0.21%	0.01%	+8.0%	Q3 2021
LLYELI LILLY & Co	$3.14M	0.21%	0.00%	-1.7%	Q2 2013
BALTBaltic Trading Ltd	$3.11M	0.21%	Not reported	+7.2%	Q1 2023
PLTRPalantir Technologies Inc.	$3.01M	0.20%	0.00%	+23.7%	Q4 2020
COSTCostco Wholesale Corp	$2.95M	0.20%	0.00%	+1.6%	Q4 2018
ZTSZoetis Inc.	$2.88M	0.19%	0.01%	+4.7%	Q4 2023
JNJJohnson & Johnson	$2.88M	0.19%	0.00%	+10.1%	Q2 2013
XOMExxonMobil Holdings Corp	$2.73M	0.18%	0.00%	+9.5%	Q2 2013
HLTHilton Worldwide Holdings Inc.	$2.38M	0.16%	0.00%	Not reported	Q3 2021
WPCW. P. Carey Inc.	$2.37M	0.16%	0.02%	-4.6%	Q1 2015
KMIKinder Morgan, Inc.	$2.28M	0.15%	0.00%	-8.5%	Q4 2014
BRK.ABerkshire Hathaway Inc	$2.26M	0.15%	Not reported	Not reported	Q4 2020
MCKMckesson Corp	$2.15M	0.14%	0.00%	Not reported	Q1 2024
NFLXNetflix Inc	$1.89M	0.13%	0.00%	+6.4%	Q2 2016

Q3 2025Reported Nov 13, 2025226 positions
ATOAtmos Energy Corp	$178M	12.34%	0.65%	-0.1%	Q2 2013
BRK.BBerkshire Hathaway Inc	$58.5M	4.06%	Not reported	+0.5%	Q2 2013
AAPLApple Inc.	$56M	3.88%	0.00%	+0.9%	Q2 2013
MSFTMicrosoft Corp	$33.7M	2.34%	0.00%	+0.9%	Q2 2013
NVDANvidia Corp	$28.2M	1.96%	0.00%	+12.5%	Q1 2018
AMZNAmazon Com Inc	$22.7M	1.57%	0.00%	+4.5%	Q1 2015
GOOGAlphabet Inc.	$18.2M	1.26%	Not reported	+0.4%	Q4 2015
SPYSPDR S&P 500 ETF Trust	$13.2M	0.91%	Not reported	-0.1%	Q2 2013
RTXRTX Corp	$12.2M	0.84%	0.01%	+0.4%	Q2 2020
WMTWalmart Inc.	$12.1M	0.84%	0.00%	+2.9%	Q1 2015
AMATApplied Materials Inc	$10.7M	0.74%	0.01%	+1.8%	Q1 2020
AMDAdvanced Micro Devices Inc	$9.65M	0.67%	0.00%	+1.3%	Q4 2017
METAMeta Platforms, Inc.	$7.58M	0.53%	Not reported	-1.7%	Q2 2013
ARCCAres Capital Corp	$7.45M	0.52%	0.05%	-23.5%	Q4 2014
VVisa Inc.	$7.42M	0.51%	0.00%	+2.1%	Q4 2016
VZVerizon Communications Inc	$7.27M	0.50%	0.00%	+69.1%	Q2 2013
PANWPalo Alto Networks Inc	$7.22M	0.50%	0.01%	+3.7%	Q4 2019
BXSLBlackstone Secured Lending Fund	$6.47M	0.45%	0.11%	+2.4%	Q4 2024
COPConocophillips	$6.45M	0.45%	0.01%	+1.4%	Q2 2013
QQQInvesco QQQ Trust, Series 1	$6.45M	0.45%	Not reported	+0.7%	Q2 2018
HONHoneywell International Inc	$6.36M	0.44%	0.00%	+2.7%	Q1 2017
BLKBlackRock, Inc.	$6.36M	0.44%	0.00%	+1.5%	Q2 2020
CSXCSX Corp	$6.33M	0.44%	0.01%	+0.4%	Q3 2013
NVONovo Nordisk A S	$6.12M	0.42%	Not reported	+6.7%	Q1 2024
CRMSalesforce, Inc.	$5.92M	0.41%	0.00%	+7.9%	Q4 2020
ADBEAdobe Inc.	$5.86M	0.41%	0.00%	+20.4%	Q4 2019
GOOGLAlphabet Inc.	$5.46M	0.38%	0.00%	+1.9%	Q4 2015
AVGOBroadcom Inc.	$5.28M	0.37%	0.00%	-7.3%	Q1 2022
TSLATesla, Inc.	$5.05M	0.35%	0.00%	+0.6%	Q2 2017
MDTMedtronic plc	$4.84M	0.34%	0.00%	+2.7%	Q4 2022
JPMJPMorgan Chase & Co	$4.79M	0.33%	0.00%	+3.2%	Q4 2013
TMOThermo Fisher Scientific Inc.	$4.7M	0.33%	0.00%	+3.9%	Q4 2020
FBTCFidelity Wise Origin Bitcoin Fund	$4.55M	0.32%	0.02%	+18.2%	Q1 2024
MSDLMorgan Stanley Direct Lending Fund	$4.17M	0.29%	0.30%	+0.4%	Q4 2024
SLBSLB Limited	$3.72M	0.26%	0.01%	+5.0%	Q4 2014
GLDSPDR Gold Trust	$3.63M	0.25%	0.00%	+0.9%	Q2 2013
ZTSZoetis Inc.	$3.2M	0.22%	0.01%	0.0%	Q4 2023
COSTCostco Wholesale Corp	$3.12M	0.22%	0.00%	+1.7%	Q4 2018
DOCHealthpeak Properties, Inc.	$2.91M	0.20%	0.02%	+4.2%	Q4 2023
BALTBaltic Trading Ltd	$2.84M	0.20%	Not reported	+5.3%	Q1 2023
WPCW. P. Carey Inc.	$2.6M	0.18%	0.02%	+0.7%	Q1 2015
KMIKinder Morgan, Inc.	$2.56M	0.18%	0.00%	-4.0%	Q4 2014
LULUlululemon athletica inc.	$2.54M	0.18%	0.01%	+20.4%	Q3 2021
PLTRPalantir Technologies Inc.	$2.5M	0.17%	0.00%	-10.7%	Q4 2020
JNJJohnson & Johnson	$2.34M	0.16%	0.00%	+1.0%	Q2 2013
XOMExxonMobil Holdings Corp	$2.33M	0.16%	0.00%	+1.6%	Q2 2013
NFLXNetflix Inc	$2.27M	0.16%	0.00%	-29.3%	Q2 2016
LLYELI LILLY & Co	$2.27M	0.16%	0.00%	+2.3%	Q2 2013
BRK.ABerkshire Hathaway Inc	$2.26M	0.16%	Not reported	-25.0%	Q4 2020
HGVHilton Grand Vacations Inc.	$2.19M	0.15%	0.06%	+20.6%	Q2 2018

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