SFMG, LLC
13F Reported Value
ⓘ$1.7B
incl. option notional
Equity Holdings
ⓘ$1.6B
Option Notional
ⓘ$19.5M
$8.7M puts / $10.9M calls
Holdings
344
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
SFMG, LLC disclosed 344 positions worth $1.7B in its Form 13F-HR for Q2 2026 — $1.6B in common stock plus $19.5M of put/call option positions (reported at underlying notional value, not premium at risk), led by $ATO (ATMOS ENERGY CORP) at 11.1% of the equity portfolio. During the quarter the fund opened 39 new positions and exited 23 — including a new stake in $HONA and a full exit from $MDT. The portfolio is most concentrated in Other (42.8% of disclosed assets). All figures are sourced directly from SFMG, LLC’s Form 13F-HR filing with the SEC under CIK 1512026.
AI Fund Analysis
Diversifying
$ATO
$IVZ
$GESector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 57.6#1,080
Quality
$182.7M1,060,369 sh PACER FDS TR - TRENDP US LAR CP
—Quality
$154.3M2,648,509 sh- —
Quality
$154.1M1,710,162 sh GOLDMAN SACHS ETF TR - ACTIVEBETA US LG
—Quality
$123.5M870,472 shSPDR SERIES TRUST - ST STR MSCI USAQ
—Quality
$104.8M560,714 shVANECK ETF TRUST - MRNGSTR WDE MOAT
—Quality
$70.8M681,430 sh- 76.4
Quality
$67.1M232,048 sh - 73.8
Quality
$54.6M109,129 sh ISHARES TR - CORE S&P500 ETF
—Quality
$38.1M50,917 sh- 72.3
Quality
$35.8M49,474 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ATMOS ENERGY CORP$ATO | 57.6#1,080 | $182.7M | 1,060,369 |
| PACER FDS TR - TRENDP US LAR CP | — | $154.3M | 2,648,509 |
| Invesco Ltd.$IVZ | — | $154.1M | 1,710,162 |
| GOLDMAN SACHS ETF TR - ACTIVEBETA US LG | — | $123.5M | 870,472 |
| SPDR SERIES TRUST - ST STR MSCI USAQ | — | $104.8M | 560,714 |
| VANECK ETF TRUST - MRNGSTR WDE MOAT | — | $70.8M | 681,430 |
 Apple Inc.$AAPL | 76.4 | $67.1M | 232,048 |
 BERKSHIRE HATHAWAY INC$BRK.B | 73.8 | $54.6M | 109,129 |
| ISHARES TR - CORE S&P500 ETF | — | $38.1M | 50,917 |
 APPLIED MATERIALS INC /DE$AMAT | 72.3 | $35.8M | 49,474 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of SFMG, LLC's 344 positions.
Showing top 10 of 344 holdings.
Sector Allocation
Other
$702.2M
Technology
$295.7M
Financials
$259.6M
Energy
$210.4M
Consumer Discretionary
$58.3M
Industrials
$51.7M
Healthcare
$31.4M
Communication Services
$9.5M
Top Holdings — SFMG, LLC (Q2 2026)
Top 150 of 344 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $ATO | ATMOS ENERGY CORP | $182.7M | 11.1% | +0% | 57.6 |
| 2 | — | PACER FDS TR - TRENDP US LAR CP | $154.3M | 9.4% | +6% | — |
| 3 | $IVZ | Invesco Ltd. | $154.1M | 9.4% | +1% | — |
| 4 | — | GOLDMAN SACHS ETF TR - ACTIVEBETA US LG | $123.5M | 7.5% | +2% | — |
| 5 | — | SPDR SERIES TRUST - ST STR MSCI USAQ | $104.8M | 6.4% | +4% | — |
| 6 | — | VANECK ETF TRUST - MRNGSTR WDE MOAT | $70.8M | 4.3% | +1% | — |
| 7 | $AAPL | Apple Inc. | $67.1M | 4.1% | +0% | 76.4 |
| 8 | $BRK.B | BERKSHIRE HATHAWAY INC | $54.6M | 3.3% | -2% | 73.8 |
| 9 | — | ISHARES TR - CORE S&P500 ETF | $38.1M | 2.3% | -3% | — |
| 10 | $AMAT | APPLIED MATERIALS INC /DE | $35.8M | 2.2% | -2% | 72.3 |
| 11 | — | PACER FDS TR - US CASH COWS 100 | $35.1M | 2.1% | -0% | — |
| 12 |  $NVDA | NVIDIA CORP | $34.6M | 2.1% | +2% | 85.9 |
| 13 |  $AMD | ADVANCED MICRO DEVICES INC | $27.7M | 1.7% | -2% | 79.8 |
| 14 |  $AMZN | AMAZON COM INC | $25.1M | 1.5% | -1% | 68.7 |
| 15 |  $GOOGL | Alphabet Inc. | $25.0M | 1.5% | -1% | 78.2 |
| 16 |  $MSFT | MICROSOFT CORP | $22.9M | 1.4% | +1% | 79.8 |
| 17 | — | SCHWAB STRATEGIC TR - LONG TERM US | $19.5M | 1.2% | +15% | — |
| 18 | — | J P MORGAN EXCHANGE TRADED F - EQUITY PREMIUM | $16.8M | 1.0% | +4% | — |
| 19 |  $SPY | SPDR S&P 500 ETF TRUST | $16.8M | 1.0% | +8% | — |
| 20 |  $RTX | RTX Corp | $13.2M | 0.8% | -1% | 73.2 |
| 21 |  $WMT | Walmart Inc. | $12.6M | 0.8% | +2% | 60.2 |
| 22 |  $PANW | Palo Alto Networks Inc | $11.9M | 0.7% | -2% | 65.5 |
| 23 | $SPYCALL | SPDR S&P 500 ETF TRUST | $10.7M | — | +2% | — |
| 24 | — | FIDELITY COVINGTON TRUST - DISRUPTORS ETF | $10.3M | 0.6% | +9% | — |
| 25 |  $GOOG | Alphabet Inc. | $8.6M | 0.5% | +4% | 78.2 |
| 26 |  $CSX | CSX CORP | $8.4M | 0.5% | -1% | 65.2 |
| 27 |  $V | VISA INC. | $7.6M | 0.5% | +1% | 82.9 |
| 28 | — | SCHWAB STRATEGIC TR - US LRG CAP ETF | $7.6M | 0.5% | -1% | — |
| 29 | $NVDAPUT | NVIDIA CORP | $7.5M | — | -1% | 85.9 |
| 30 |  $AVGO | Broadcom Inc. | $7.2M | 0.4% | +15% | 84.5 |
| 31 |  $VZ | VERIZON COMMUNICATIONS INC | $7.0M | 0.4% | -1% | 65.8 |
| 32 |  $COP | CONOCOPHILLIPS | $6.9M | 0.4% | -1% | 70.2 |
| 33 |  $ISRG | INTUITIVE SURGICAL INC | $6.5M | 0.4% | +669% | 79.9 |
| 34 |  $ARCC | ARES CAPITAL CORP | $6.4M | 0.4% | -3% | — |
| 35 |  $QQQ | INVESCO QQQ TRUST, SERIES 1 | $6.1M | 0.4% | -1% | — |
| 36 | — | FIRST TR EXCHANGE-TRADED FD - SHS | $6.1M | 0.4% | -9% | — |
| 37 |  $NVO | NOVO NORDISK A S | $5.8M | 0.3% | +1% | — |
| 38 |  $JPM | JPMORGAN CHASE & CO | $5.8M | 0.3% | -4% | 70.7 |
| 39 |  $META | Meta Platforms, Inc. | $5.8M | 0.3% | +3% | 79.6 |
| 40 |  $BXSL | Blackstone Secured Lending Fund | $5.5M | 0.3% | -1% | — |
| 41 |  $TSLA | Tesla, Inc. | $5.4M | 0.3% | +7% | 53.9 |
| 42 |  $BLK | BlackRock, Inc. | $5.3M | 0.3% | -1% | 70 |
| 43 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | $5.1M | 0.3% | +7% | — |
| 44 |  $TMO | THERMO FISHER SCIENTIFIC INC. | $4.9M | 0.3% | +1% | 65.1 |
| 45 |  $SLB | SLB LIMITED/NV | $4.5M | 0.3% | -4% | 57.9 |
| 46 |  $KLAC | KLA CORP | $4.4M | 0.3% | +905% | 78.6 |
| 47 |  $COST | COSTCO WHOLESALE CORP /NEW | $4.4M | 0.3% | +3% | 66.2 |
| 48 | — | ISHARES TR - EXPANDED TECH | $4.4M | 0.3% | -4% | — |
| 49 | — | FIRST TR EXCHANGE-TRADED FD - NASDAQ CYB ETF | $4.3M | 0.3% | +6% | — |
| 50 |  $LLY | ELI LILLY & Co | $4.1M | 0.3% | +11% | 87.5 |
| 51 |  $CRM | Salesforce, Inc. | $4.0M | 0.2% | -6% | 77 |
| 52 |  $STX | Seagate Technology Holdings plc | $4.0M | 0.2% | +0% | — |
| 53 | — | VANGUARD INDEX FDS - TOTAL STK MKT | $3.9M | 0.2% | +31% | — |
| 54 |  $JNJ | JOHNSON & JOHNSON | $3.8M | 0.2% | +10% | 69 |
| 55 |  $GLD | SPDR GOLD TRUST | $3.7M | 0.2% | -4% | — |
| 56 | — | ISHARES TR - 20 YR TR BD ETF | $3.6M | 0.2% | -33% | — |
| 57 |  $HON | HONEYWELL INTERNATIONAL INC | $3.4M | 0.2% | -51% | 65 |
| 58 |  $HONA | Honeywell Aerospace Inc. | $3.3M | 0.2% | NEW | — |
| 59 |  $ADBE | ADOBE INC. | $3.3M | 0.2% | -5% | 77.6 |
| 60 |  $FBTC | Fidelity Wise Origin Bitcoin Fund | $3.2M | 0.2% | +11% | — |
| 61 |  $XOM.R34088 | EXXON MOBIL CORP | $3.1M | 0.2% | +5% | 57.9 |
| 62 | — | SPDR SERIES TRUST - ST STR PR SP1500 | $2.9M | 0.2% | +0% | — |
| 63 | — | INNOVATOR ETFS TRUST - DEFINED WLT SHLD | $2.8M | 0.2% | -9% | — |
| 64 |  $MU | MICRON TECHNOLOGY INC | $2.8M | 0.2% | -27% | 86.2 |
| 65 |  $WDC | WESTERN DIGITAL CORP | $2.6M | 0.2% | +0% | 80.7 |
| 66 |  $WT | WisdomTree, Inc. | $2.5M | 0.1% | +0% | 59.9 |
| 67 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | $2.5M | 0.1% | +1% | — |
| 68 | $IVZ | Invesco Ltd. | $2.4M | 0.1% | -1% | — |
| 69 |  $MSDL | Morgan Stanley Direct Lending Fund | $2.4M | 0.1% | -23% | — |
| 70 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $2.4M | 0.1% | -14% | — |
| 71 |  $HLT | Hilton Worldwide Holdings Inc. | $2.4M | 0.1% | +0% | 63.3 |
| 72 | — | ISHARES TR - 0-3 MTH TREASURY | $2.4M | 0.1% | +52% | — |
| 73 |  $CSCO | CISCO SYSTEMS, INC. | $2.3M | 0.1% | -11% | 70.3 |
| 74 |  $BRK.A | BERKSHIRE HATHAWAY INC | $2.2M | 0.1% | +0% | 73.8 |
| 75 | — | AMPLIFY ETF TR - CWP ENHANCED DIV | $2.2M | 0.1% | -5% | — |
| 76 |  $PLTR | Palantir Technologies Inc. | $2.1M | 0.1% | +2% | 84.6 |
| 77 | — | ISHARES TR - RUS 1000 GRW ETF | $2.1M | 0.1% | +300% | — |
| 78 |  $CAT | CATERPILLAR INC | $2.0M | 0.1% | +5% | 66.5 |
| 79 |  $MCK | MCKESSON CORP | $2.0M | 0.1% | +0% | 63.4 |
| 80 | — | SPDR SERIES TRUST - ST STR P500GRW | $2.0M | 0.1% | +0% | — |
| 81 |  $WPC | W. P. Carey Inc. | $1.9M | 0.1% | -20% | 65.9 |
| 82 |  $DELL | Dell Technologies Inc. | $1.9M | 0.1% | +14% | 71.2 |
| 83 |  $LULU | lululemon athletica inc. | $1.9M | 0.1% | +2% | 67.7 |
| 84 |  $PSUS | Pershing Square USA, Ltd. | $1.8M | 0.1% | NEW | — |
| 85 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $1.8M | 0.1% | -4% | 75.4 |
| 86 |  $ETN | Eaton Corp plc | $1.8M | 0.1% | -1% | — |
| 87 | — | INNOVATOR ETFS TRUST - US EQT PWR BUF | $1.8M | 0.1% | -10% | — |
| 88 |  $TXN | TEXAS INSTRUMENTS INC | $1.7M | 0.1% | +6% | 73.4 |
| 89 |  $ZTS | Zoetis Inc. | $1.7M | 0.1% | -2% | 68.6 |
| 90 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | $1.7M | 0.1% | +1% | — |
| 91 |  $HD | HOME DEPOT, INC. | $1.7M | 0.1% | +10% | 60.3 |
| 92 |  $PEP | PEPSICO INC | $1.5M | 0.1% | +1% | 63.4 |
| 93 |  $GRNT | Granite Ridge Resources, Inc. | $1.5M | 0.1% | +9% | 56.7 |
| 94 |  $RSG | REPUBLIC SERVICES, INC. | $1.5M | 0.1% | +0% | 62.3 |
| 95 |  $DAR | DARLING INGREDIENTS INC. | $1.5M | 0.1% | +0% | 63.5 |
| 96 | — | FIDELITY COVINGTON TRUST - MSCI INFO TECH I | $1.5M | 0.1% | +8% | — |
| 97 |  $ABBV | AbbVie Inc. | $1.4M | 0.1% | -5% | 72.6 |
| 98 |  $J | JACOBS SOLUTIONS INC. | $1.4M | 0.1% | +1% | 64.3 |
| 99 |  $NFLX | NETFLIX INC | $1.4M | 0.1% | -7% | 78.8 |
| 100 |  $CVX | CHEVRON CORP | $1.4M | 0.1% | +4% | 62.8 |
| 101 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $1.4M | 0.1% | +1% | 70 |
| 102 |  $MCD | MCDONALDS CORP | $1.4M | 0.1% | +4% | 69 |
| 103 |  $BX | Blackstone Inc. | $1.3M | 0.1% | +1% | 74.4 |
| 104 |  $GLW | CORNING INC /NY | $1.3M | 0.1% | +6% | 73.7 |
| 105 |  $OKE | ONEOK INC /NEW/ | $1.3M | 0.1% | +1% | 71.7 |
| 106 |  $APO | Apollo Global Management, Inc. | $1.3M | 0.1% | +1% | 52.1 |
| 107 |  $PG | PROCTER & GAMBLE Co | $1.3M | 0.1% | +4% | 64.6 |
| 108 |  $GEV | GE Vernova Inc. | $1.3M | 0.1% | +60% | 81.1 |
| 109 |  $DRI | DARDEN RESTAURANTS INC | $1.3M | 0.1% | -2% | 64.1 |
| 110 |  $ADI | ANALOG DEVICES INC | $1.2M | 0.1% | +30% | 79.2 |
| 111 |  $SHW | SHERWIN WILLIAMS CO | $1.2M | 0.1% | -9% | 61.3 |
| 112 |  $TT | Trane Technologies plc | $1.2M | 0.1% | +1% | — |
| 113 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $1.2M | 0.1% | +18% | — |
| 114 |  $TJX | TJX COMPANIES INC /DE/ | $1.2M | 0.1% | +3% | 68.7 |
| 115 |  $LOW | LOWES COMPANIES INC | $1.2M | 0.1% | +4% | 60.8 |
| 116 | — | ISHARES TR - US AER DEF ETF | $1.2M | 0.1% | -11% | — |
| 117 |  $WMB | WILLIAMS COMPANIES, INC. | $1.1M | 0.1% | +0% | 64.3 |
| 118 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETF | $1.1M | 0.1% | +5% | — |
| 119 |  $MS | MORGAN STANLEY | $1.1M | 0.1% | +7% | 75.8 |
| 120 |  $LUV | SOUTHWEST AIRLINES CO | $1.1M | 0.1% | +0% | 55.9 |
| 121 |  $CI | Cigna Group | $1.1M | 0.1% | +1% | 66.2 |
| 122 |  $PM | Philip Morris International Inc. | $1.1M | 0.1% | +1% | 75.9 |
| 123 |  $KO | COCA COLA CO | $1.0M | 0.1% | +7% | 69.5 |
| 124 |  $KMB | KIMBERLY CLARK CORP | $1.0M | 0.1% | +7% | 58.7 |
| 125 |  $ASML | ASML HOLDING NV | $1.0M | 0.1% | -10% | — |
| 126 | $GE | GENERAL ELECTRIC CO | $1.0M | 0.1% | +5% | 73.8 |
| 127 | — | ISHARES TR - MSCI ACWI ETF | $998,643 | 0.1% | +0% | — |
| 128 |  $SSB | SouthState Bank Corp | $989,988 | 0.1% | +0% | 77 |
| 129 | — | ISHARES TR - RUS 1000 ETF | $989,438 | 0.1% | NEW | — |
| 130 |  $STEL | Stellar Bancorp, Inc. | $989,235 | 0.1% | +0% | 37.4 |
| 131 | — | ISHARES TR - S&P 500 GRWT ETF | $977,986 | 0.1% | +39% | — |
| 132 | — | SPDR SERIES TRUST - ST STR P500VAL | $957,807 | 0.1% | +2% | — |
| 133 | $IVZ | Invesco Ltd. | $950,783 | 0.1% | +0% | — |
| 134 |  $DE | DEERE & CO | $945,312 | 0.1% | +4% | 55.4 |
| 135 | — | AMPLIFY ETF TR - AMPLIFY CYBERSEC | $935,976 | 0.1% | -7% | — |
| 136 |  $UNH | UNITEDHEALTH GROUP INC | $917,465 | 0.1% | -1% | 62.7 |
| 137 |  $PLBY | Playboy, Inc. | $915,000 | 0.1% | +9% | 39.9 |
| 138 |  $BA | BOEING CO | $892,862 | 0.1% | -2% | 61.6 |
| 139 | — | ISHARES TR - MSCI INTL VLU FT | $881,691 | 0.1% | +0% | — |
| 140 | — | VANGUARD INDEX FDS - GROWTH ETF | $878,743 | 0.1% | +496% | — |
| 141 |  $DLR | DIGITAL REALTY TRUST, INC. | $870,678 | 0.1% | +0% | 72.8 |
| 142 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL US B | $852,758 | 0.1% | +0% | — |
| 143 | — | ISHARES TR - RUS MID CAP ETF | $843,121 | 0.1% | +34% | — |
| 144 |  $TRGP | Targa Resources Corp. | $841,423 | 0.1% | +0% | 63.3 |
| 145 |  $MSCI | MSCI Inc. | $840,245 | 0.1% | +0% | 75.7 |
| 146 | — | DIMENSIONAL ETF TRUST - US EQUI MARK ETF | $826,826 | 0.1% | +0% | — |
| 147 |  $CMI | CUMMINS INC | $803,857 | 0.1% | -7% | 58.1 |
| 148 |  $MA | Mastercard Inc | $780,074 | 0.1% | +5% | 85.1 |
| 149 |  $LNG | Cheniere Energy, Inc. | $748,847 | 0.1% | -1% | 66.5 |
| 150 |  $CRWD | CrowdStrike Holdings, Inc. | $725,250 | 0.0% | +16% | 67.7 |
New Positions (39)
$HONA Honeywell Aerospace Inc.$3.3M$PSUS Pershing Square USA, Ltd.$1.8M
$SPCX SPACE EXPLORATION TECHNOLOGIES CORP$621,363
$PS PERSHING SQUARE INC.$487,412
$INTC INTEL CORP$481,793
$LRCX LAM RESEARCH CORP$350,481
$FTNT Fortinet, Inc.$346,114
$DVN DEVON ENERGY CORP/DE$343,500
$MRVL Marvell Technology, Inc.$289,442
$SNDK Sandisk Corp$256,590
$ROK ROCKWELL AUTOMATION, INC$243,084Exited Positions (23)
$MDT Medtronic plc
$HGV Hilton Grand Vacations Inc.$AMZNCALL AMAZON COM INC
$CTRA Coterra Energy Inc.
$EWTX Edgewise Therapeutics, Inc.
$NNDM Nano Dimension Ltd.
$SHOP SHOPIFY INC.
$PFE PFIZER INC
$KEYS Keysight Technologies, Inc.
$TM TOYOTA MOTOR CORP/
$SBR SABINE ROYALTY TRUSTBrowse Top Institutional Investors
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