13F HOLDINGS REPORT

FULTON BREAKEFIELD BROENNIMAN LLC

Quarter ended Q3 2025 · Filed October 16, 2025 · Accession 0001705819-25-000068

Total Value

$1.55B

Positions

204

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (204)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	202,441	$135.5M	8.75%
2	MICROSOFT CORP	MSFT	179,856	$93.2M	6.02%
3	APPLE INC	AAPL	352,083	$89.7M	5.79%
4	ALPHABET INC	GOOG	262,525	$63.8M	4.12%
5	AMAZON COM INC	AMZN	284,980	$62.6M	4.04%
6	TAIWAN SEMICONDUCTOR MFG LTD	874039100	213,103	$59.5M	3.84%
7	VANGUARD TAX-MANAGED FDS	921943858	806,377	$48.3M	3.12%
8	NVIDIA CORPORATION	NVDA	247,539	$46.2M	2.98%
9	BERKSHIRE HATHAWAY INC DEL	BRK-A	88,675	$44.6M	2.88%
10	ISHARES TR	464287507	660,190	$43.1M	2.78%
11	ISHARES TR	464287804	335,585	$39.9M	2.58%
12	ISHARES TR	464287226	384,827	$38.6M	2.49%
13	VISA INC	V	103,010	$35.2M	2.27%
14	ISHARES TR	464288620	639,641	$33.4M	2.16%
15	ELI LILLY & CO	LLY	39,588	$30.2M	1.95%
16	LOWES COS INC	548661107	111,074	$27.9M	1.80%
17	PROGRESSIVE CORP	743315103	112,603	$27.8M	1.80%
18	HOWMET AEROSPACE INC	HWM	129,807	$25.5M	1.65%
19	LINDE PLC	LIN	45,884	$21.8M	1.41%
20	NEXTERA ENERGY INC	NEE-PW	288,148	$21.8M	1.40%
21	TJX COS INC NEW	872540109	140,372	$20.3M	1.31%
22	ABBVIE INC	ABBV	86,399	$20.0M	1.29%
23	NETFLIX INC	NFLX	16,279	$19.5M	1.26%
24	JPMORGAN CHASE & CO.	VYLD	58,653	$18.5M	1.19%
25	UNITEDHEALTH GROUP INC	UNH	49,127	$17.0M	1.10%
26	APOLLO GLOBAL MGMT INC	03769M106	126,914	$16.9M	1.09%
27	SPDR S&P 500 ETF TR	SPY	24,449	$16.3M	1.05%
28	MCDONALDS CORP	MCD	50,952	$15.5M	1.00%
29	AMERICAN EXPRESS CO	AXP	46,422	$15.4M	1.00%
30	ASML HOLDING N V	ASMLF	15,380	$14.9M	0.96%
31	UNION PAC CORP	UNP	62,425	$14.8M	0.95%
32	GENERAL DYNAMICS CORP	GD	41,551	$14.2M	0.92%
33	DANAHER CORPORATION	235851102	66,948	$13.3M	0.86%
34	ISHARES TR	464288687	415,315	$13.1M	0.85%
35	STRYKER CORPORATION	SYK	35,482	$13.1M	0.85%
36	VANGUARD SPECIALIZED FUNDS	921908844	60,024	$13.0M	0.84%
37	S&P GLOBAL INC	SPGI	24,721	$12.0M	0.78%
38	EOG RES INC	EOG	106,273	$11.9M	0.77%
39	WASTE CONNECTIONS INC	WCN	64,182	$11.3M	0.73%
40	SPDR SERIES TRUST	78468R408	433,797	$11.1M	0.72%
41	SERVICENOW INC	NOW	12,046	$11.1M	0.72%
42	ISHARES TR	464287242	94,868	$10.6M	0.68%
43	ISHARES TR	464287655	41,230	$10.0M	0.64%
44	AUTOMATIC DATA PROCESSING IN	ADP	33,615	$9.9M	0.64%
45	CHURCH & DWIGHT CO INC	CHD	111,370	$9.8M	0.63%
46	SAP SE	SAPGF	35,478	$9.5M	0.61%
47	ISHARES TR	464287176	80,377	$8.9M	0.58%
48	GRAINGER W W INC	384802104	7,889	$7.5M	0.49%
49	INVESCO QQQ TR	IVZ	11,607	$7.0M	0.45%
50	ISHARES TR	464287101	20,377	$6.8M	0.44%
51	ISHARES TR	464288414	60,896	$6.5M	0.42%
52	ISHARES TR	46435GAA0	266,206	$6.5M	0.42%
53	ISHARES TR	46434VBD1	231,251	$5.8M	0.38%
54	TESLA INC	TSLA	12,866	$5.7M	0.37%
55	CHIPOTLE MEXICAN GRILL INC	CMG	130,567	$5.1M	0.33%
56	ISHARES TR	464287606	49,448	$4.7M	0.31%
57	INVESCO EXCHANGE TRADED FD T	IVZ	23,022	$4.4M	0.28%
58	ISHARES TR	46435UAA9	177,277	$4.3M	0.28%
59	CHEVRON CORP NEW	CVX	26,669	$4.1M	0.27%
60	SPDR SERIES TRUST	78464A656	155,749	$4.1M	0.26%
61	JOHNSON & JOHNSON	JNJ	21,036	$3.9M	0.25%
62	ISHARES TR	46435U515	144,428	$3.7M	0.24%
63	ALPHABET INC	GOOG	14,493	$3.5M	0.23%
64	ISHARES TR	46434V407	79,851	$3.5M	0.22%
65	ISHARES TR	46436E726	150,256	$3.3M	0.21%
66	ISHARES TR	46436E205	126,028	$3.0M	0.19%
67	VANGUARD INDEX FDS	922908769	8,933	$2.9M	0.19%
68	COSTCO WHSL CORP NEW	22160K105	2,826	$2.6M	0.17%
69	ROPER TECHNOLOGIES INC	ROP	5,079	$2.5M	0.16%
70	ILLINOIS TOOL WKS INC	452308109	8,890	$2.3M	0.15%
71	BROADCOM INC	AVGO	6,854	$2.3M	0.15%
72	ISHARES TR	46436E486	103,268	$2.2M	0.14%
73	MARRIOTT INTL INC NEW	571903202	7,842	$2.0M	0.13%
74	EXXON MOBIL CORP	XOM	18,062	$2.0M	0.13%
75	MARSH & MCLENNAN COS INC	571748102	8,832	$1.8M	0.11%
76	SELECT SECTOR SPDR TR	81369Y803	6,275	$1.8M	0.11%
77	SALESFORCE INC	CRM	7,407	$1.8M	0.11%
78	SCHWAB STRATEGIC TR	808524870	63,558	$1.7M	0.11%
79	ACCENTURE PLC IRELAND	ACN	6,919	$1.7M	0.11%
80	ISHARES TR	46436E312	65,901	$1.7M	0.11%
81	AMGEN INC	AMGN	5,929	$1.7M	0.11%
82	TEXAS INSTRS INC	882508104	8,370	$1.5M	0.10%
83	SCHWAB STRATEGIC TR	808524508	51,339	$1.5M	0.10%
84	PROCTER AND GAMBLE CO	742718109	9,880	$1.5M	0.10%
85	PEPSICO INC	PEP	10,699	$1.5M	0.10%
86	ISHARES TR	464287440	15,257	$1.5M	0.10%
87	NORTHROP GRUMMAN CORP	NOC	2,216	$1.4M	0.09%
88	SCHWAB STRATEGIC TR	808524607	46,302	$1.3M	0.08%
89	EXTRA SPACE STORAGE INC	EXR	9,153	$1.3M	0.08%
90	ISHARES TR	46436E130	47,243	$1.2M	0.08%
91	EATON CORP PLC	ETN	3,298	$1.2M	0.08%
92	RTX CORPORATION	RTX	6,894	$1.2M	0.07%
93	HOME DEPOT INC	HD	2,797	$1.1M	0.07%
94	META PLATFORMS INC	META	1,519	$1.1M	0.07%
95	ISHARES TR	464287168	7,231	$1.0M	0.07%
96	SHOPIFY INC	SHOP	6,906	$1.0M	0.07%
97	SPDR SERIES TRUST	78464A292	30,780	$1.0M	0.07%
98	CATERPILLAR INC	CAT	1,961	$935,515	0.06%
99	SPDR GOLD TR	GLD	2,498	$887,964	0.06%
100	VANGUARD INDEX FDS	922908363	1,435	$878,872	0.06%
101	WALMART INC	WMT	8,495	$875,449	0.06%
102	INTERNATIONAL BUSINESS MACHS	INTR	3,077	$868,145	0.06%
103	ISHARES TR	464287499	8,977	$866,688	0.06%
104	ORACLE CORP	ORCL-PD	3,053	$858,626	0.06%
105	SCHWAB STRATEGIC TR	808524201	30,345	$799,287	0.05%
106	ABBOTT LABS	ABLZF	5,904	$790,835	0.05%
107	ISHARES TR	464287150	5,082	$740,155	0.05%
108	COCA COLA CO	KO	10,686	$708,688	0.05%
109	PALANTIR TECHNOLOGIES INC	PLTR	3,881	$707,972	0.05%
110	ISHARES TR	46438G653	23,945	$633,824	0.04%
111	INTUITIVE SURGICAL INC	ISRG	1,403	$627,554	0.04%
112	DISNEY WALT CO	254687106	5,386	$616,721	0.04%
113	CISCO SYS INC	CSCO	8,812	$602,916	0.04%
114	MERCK & CO INC	MRK	7,162	$601,146	0.04%
115	GOLDMAN SACHS GROUP INC	GSCE	752	$599,249	0.04%
116	PNC FINL SVCS GROUP INC	693475105	2,948	$592,342	0.04%
117	AFLAC INC	AFL	5,239	$585,196	0.04%
118	SPDR SERIES TRUST	78464A359	6,465	$585,083	0.04%
119	BANK AMERICA CORP	060505104	11,321	$584,057	0.04%
120	BOEING CO	BA-PA	2,693	$581,187	0.04%
121	VANGUARD SCOTTSDALE FDS	92206C664	5,891	$576,300	0.04%
122	ISHARES TR	464287622	1,570	$573,804	0.04%
123	ISHARES TR	464287689	1,507	$571,063	0.04%
124	DEERE & CO	DE	1,226	$560,551	0.04%
125	AMERICAN ELEC PWR CO INC	025537101	4,970	$559,125	0.04%
126	DUKE ENERGY CORP NEW	DUKB	4,337	$536,719	0.03%
127	ARISTA NETWORKS INC	ANET	3,671	$534,901	0.03%
128	ISHARES TR	464287408	2,585	$533,879	0.03%
129	ISHARES TR	464287630	2,999	$530,253	0.03%
130	CHARTER COMMUNICATIONS INC N	16119P108	1,755	$482,809	0.03%
131	AMPHENOL CORP NEW	032095101	3,846	$475,971	0.03%
132	SCHWAB STRATEGIC TR	808524102	18,272	$469,776	0.03%
133	SOUTHERN CO	SOMN	4,866	$461,151	0.03%
134	BLOCK H & R INC	BSQKZ	9,110	$460,693	0.03%
135	HONEYWELL INTL INC	438516106	2,175	$457,895	0.03%
136	SYNOPSYS INC	SNPS	924	$455,892	0.03%
137	VANGUARD MUN BD FDS	922907746	9,026	$451,932	0.03%
138	CAPITAL ONE FINL CORP	14040H105	2,027	$430,943	0.03%
139	DATADOG INC	DDOG	3,000	$427,200	0.03%
140	LOCKHEED MARTIN CORP	LMT	833	$416,035	0.03%
141	MARVELL TECHNOLOGY INC	MRVL	4,859	$408,496	0.03%
142	APPLIED MATLS INC	038222105	1,960	$401,290	0.03%
143	MASTERCARD INCORPORATED	MA	684	$388,806	0.03%
144	ATMOS ENERGY CORP	ATO	2,227	$380,297	0.02%
145	MONDELEZ INTL INC	609207105	5,787	$361,493	0.02%
146	ISHARES TR	464287648	1,116	$357,165	0.02%
147	FRANKLIN TEMPLETON ETF TR	FGDL	6,281	$354,562	0.02%
148	VANGUARD WHITEHALL FDS	921946406	2,407	$339,267	0.02%
149	MICROCHIP TECHNOLOGY INC.	MCHPP	5,267	$338,247	0.02%
150	THERMO FISHER SCIENTIFIC INC	TMO	684	$331,849	0.02%
151	CLOROX CO DEL	CLX	2,679	$330,321	0.02%
152	GALLAGHER ARTHUR J & CO	363576109	1,055	$326,776	0.02%
153	NORFOLK SOUTHN CORP	655844108	1,082	$325,144	0.02%
154	CROWDSTRIKE HLDGS INC	CRWD	640	$313,843	0.02%
155	AMERICAN TOWER CORP NEW	03027X100	1,625	$312,520	0.02%
156	SPDR S&P MIDCAP 400 ETF TR	MDY	524	$312,320	0.02%
157	NORTHERN TR CORP	NTRSO	2,300	$309,580	0.02%
158	OLD DOMINION FREIGHT LINE IN	ODFL	2,193	$308,731	0.02%
159	PALO ALTO NETWORKS INC	PANW	1,504	$306,244	0.02%
160	PHILIP MORRIS INTL INC	718172109	1,884	$305,639	0.02%
161	PARKER-HANNIFIN CORP	PH	402	$304,776	0.02%
162	ISHARES TR	46434V613	6,476	$302,494	0.02%
163	VANGUARD BD INDEX FDS	921937819	3,857	$301,183	0.02%
164	NIKE INC	NKE	4,280	$298,468	0.02%
165	ISHARES TR	464288760	1,400	$292,964	0.02%
166	EBAY INC.	EBAY	3,192	$290,312	0.02%
167	KIMBERLY-CLARK CORP	KMB	2,319	$288,344	0.02%
168	ISHARES TR	464287556	1,978	$285,571	0.02%
169	VANGUARD WORLD FD	92204A702	378	$282,056	0.02%
170	QUALCOMM INC	QCOM	1,687	$280,699	0.02%
171	WORLD GOLD TR	GLDW	3,643	$278,507	0.02%
172	VANGUARD WORLD FD	92204A603	917	$271,698	0.02%
173	VANGUARD WORLD FD	92204A876	1,408	$266,731	0.02%
174	STARBUCKS CORP	SBUX	3,110	$263,073	0.02%
175	VANGUARD WORLD FD	92204A108	664	$263,044	0.02%
176	ISHARES TR	464288885	2,260	$257,369	0.02%
177	ELEVANCE HEALTH INC FORMERLY	ELV	796	$257,204	0.02%
178	AT&T INC	T-PC	8,793	$248,301	0.02%
179	ARES CAPITAL CORP	ARCC	12,132	$247,614	0.02%
180	SEAGATE TECHNOLOGY HLDNGS PL	SE	1,045	$246,683	0.02%
181	DOMINION ENERGY INC	D	3,987	$243,907	0.02%
182	PIMCO CORPORATE & INCOME OPP	PTY	16,745	$241,798	0.02%
183	ALLSTATE CORP	ALL-PJ	1,071	$229,890	0.01%
184	NVR INC	NVR	28	$224,970	0.01%
185	PAYPAL HLDGS INC	PYPL	3,350	$224,651	0.01%
186	GE AEROSPACE	369604301	746	$224,441	0.01%
187	VERIZON COMMUNICATIONS INC	VZ	5,016	$220,453	0.01%
188	SHERWIN WILLIAMS CO	SHW	635	$219,858	0.01%
189	PFIZER INC	PFE	8,561	$218,134	0.01%
190	ISHARES TR	464287598	1,065	$216,823	0.01%
191	CLOUDFLARE INC	NET	1,005	$215,663	0.01%
192	ISHARES TR	464287721	1,100	$215,446	0.01%
193	INTUIT	INTU	310	$211,702	0.01%
194	VANGUARD WORLD FD	92204A801	1,025	$209,982	0.01%
195	REALTY INCOME CORP	O	3,412	$207,415	0.01%
196	ISHARES TR	464287614	439	$205,632	0.01%
197	FIRST TR EXCH TRADED FD III	33739P608	2,658	$203,904	0.01%
198	SELECT SECTOR SPDR TR	81369Y886	2,337	$203,805	0.01%
199	FS KKR CAP CORP	FSK	10,800	$161,244	0.01%
200	FIRST TR HIGH YIELD OPPRT 20	33741Q107	10,570	$153,159	0.01%
201	HCM II ACQUISITION CORP	G43658122	18,405	$110,430	0.01%
202	PENNANTPARK FLOATING RATE CA	PFLT	11,798	$104,884	0.01%
203	WESTERN ASSET HIGH INCOM FD	95766J102	22,800	$99,180	0.01%
204	REE AUTOMOTIVE LTD	REE	28,206	$20,559	0.00%