Institutional Manager · CIK 0001119254
FULTON BREAKEFIELD BROENNIMAN LLC
Bethesda, MD · File #028-05863
Latest AUM
$1.58B
Positions
203
Top-10 Concentration
51.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | VANGUARD TAX-MANAGED FDS | 921943858 | +283,560 | +$17.7M | +$2.1M |
| ADD | NETFLIX INC | NFLX | +147,637 | +$13.8M | -$18.0M |
| ADD | WORLD GOLD TR | GLDW | +122,483 | +$10.5M | +$32,496 |
| REDUCE | ELI LILLY & CO | LLY | -9,001 | -$9.7M | +$12.3M |
| REDUCE | AUTOMATIC DATA PROCESSING IN | ADP | -28,724 | -$7.4M | -$1.2M |
| REDUCE | CHURCH & DWIGHT CO INC | CHD | -84,012 | -$7.0M | -$421,028 |
| NEW | HILTON WORLDWIDE HLDGS INC | HLT | +24,480 | +$7.0M | $0 |
| NEW | SPOTIFY TECHNOLOGY S A | SPOT | +11,816 | +$6.9M | $0 |
| ADD | ISHARES TR | 464287200 | +9,333 | +$6.4M | +$3.2M |
| EXITED | ISHARES TR | 46434VBD1 | -231,251 | -$5.8M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025203 pos · $1.58B
- 13F HOLDINGS REPORTQ/E Sep 2025204 pos · $1.55B
- 13F HOLDINGS REPORTQ/E Jun 2025195 pos · $1.48B
- 13F HOLDINGS REPORTQ/E Mar 2025185 pos · $1.38B
- 13F HOLDINGS REPORTQ/E Dec 2024191 pos · $1.40B
- 13F HOLDINGS REPORTQ/E Sep 2024182 pos · $1.43B
- 13F HOLDINGS REPORTQ/E Jun 2024184 pos · $1.35B
- 13F HOLDINGS REPORTQ/E Mar 2024181 pos · $1.30B
- 13F HOLDINGS REPORTQ/E Dec 2023168 pos · $1.15B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 211,774 | $145.1M | 10.24% |
| 2 | APPLE INC | AAPL | 339,272 | $92.2M | 6.51% |
| 3 | MICROSOFT CORP | MSFT | 178,111 | $86.1M | 6.08% |
| 4 | ALPHABET INC | GOOG | 252,967 | $79.2M | 5.59% |
| 5 | VANGUARD TAX-MANAGED FDS | 921943858 | 1,089,937 | $68.1M | 4.80% |
| 6 | AMAZON COM INC | AMZN | 285,236 | $65.8M | 4.65% |
| 7 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 208,871 | $63.5M | 4.48% |
| 8 | NVIDIA CORPORATION | NVDA | 246,596 | $46.0M | 3.25% |
| 9 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 87,759 | $44.1M | 3.11% |
| 10 | ISHARES TR | 464287507 | 658,261 | $43.4M | 3.07% |
| 11 | ISHARES TR | 464287804 | 338,007 | $40.6M | 2.87% |
| 12 | ISHARES TR | 464287226 | 388,807 | $38.8M | 2.74% |
| 13 | VISA INC | V | 102,380 | $35.9M | 2.53% |
| 14 | ISHARES TR | 464288620 | 645,598 | $33.4M | 2.36% |
| 15 | ELI LILLY & CO | LLY | 30,587 | $32.9M | 2.32% |
| 16 | LOWES COS INC | 548661107 | 109,286 | $26.4M | 1.86% |
| 17 | HOWMET AEROSPACE INC | HWM | 128,146 | $26.3M | 1.85% |
| 18 | PROGRESSIVE CORP | 743315103 | 109,863 | $25.0M | 1.77% |
| 19 | NEXTERA ENERGY INC | NEE-PW | 280,717 | $22.5M | 1.59% |
| 20 | TJX COS INC NEW | 872540109 | 140,415 | $21.6M | 1.52% |