Institutional Manager · CIK 0001391166

Lee Financial Co

Dallas, TX · File #028-17878

Latest AUM

$741.2M

Positions

205

Top-10 Concentration

80.0%

Filings

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
REDUCE	APPLE INC	AAPL	-112,755	-$30.7M	+$2.0M
NEW	ISHARES TR	464287887	+55,677	+$7.9M	$0
REDUCE	ISHARES TR	464287200	-10,808	-$7.4M	+$4.4M
REDUCE	ISHARES TR	464288679	-52,483	-$5.8M	-$68,104
REDUCE	BERKSHIRE HATHAWAY INC DEL	BRK-A	-6,946	-$3.5M	-$7,301
ADD	NVIDIA CORPORATION	NVDA	+17,224	+$3.2M	-$71
REDUCE	ENERGY TRANSFER L P	ET-PI	-152,377	-$2.5M	-$116,454
REDUCE	PHILIP MORRIS INTL INC	718172109	-14,530	-$2.3M	-$11,391
EXITED	BANK AMERICA CORP	060505682	-1,828	-$2.3M	$0
ADD	EXXON MOBIL CORP	XOM	+18,688	+$2.2M	+$584

Sector Allocation

5.3%$39.2M

3.7%$27.4M

1.4%$10.3M

0.9%$7.1M

Consumer Discretionary

0.7%$5.2M

Industrials

0.7%$5.0M

Consumer Staples

0.5%$3.6M

Materials

0.1%$1.1M

Communication Services

0.1%$978,915

Filing History

Jan 22, 202613F HOLDINGS REPORTQ/E Dec 2025205 pos · $741.2M
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 2025259 pos · $797.4M
Jul 24, 202513F HOLDINGS REPORTQ/E Jun 2025208 pos · $697.3M
May 13, 202513F HOLDINGS REPORTQ/E Mar 2025206 pos · $654.7M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 2024273 pos · $712.2M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024277 pos · $704.2M
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 2024221 pos · $613.6M
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024216 pos · $599.8M
Nov 9, 202313F COMBINATION REPORTQ/E Dec 20231,005 pos · $536.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	273,052	$187.0M	27.96%
2	ISHARES TR	464287507	1,395,429	$92.1M	13.77%
3	SCHWAB STRATEGIC TR	808524771	2,324,130	$63.2M	9.45%
4	ISHARES TR	464287309	361,351	$44.5M	6.66%
5	BERKSHIRE HATHAWAY INC DEL	BRK-A	75,477	$37.9M	5.67%
6	SPDR GOLD TR	GLD	76,343	$30.3M	4.52%
7	FIRST TR EXCHANGE-TRADED FD	33738D101	707,822	$26.8M	4.01%
8	INVESCO QQQ TR	IVZ	31,008	$19.0M	2.85%
9	APPLE INC	AAPL	65,633	$17.8M	2.67%
10	ISHARES TR	464288679	147,824	$16.3M	2.43%
11	SCHWAB STRATEGIC TR	808524508	323,124	$9.7M	1.45%
12	SCHWAB STRATEGIC TR	808524201	355,199	$9.6M	1.43%
13	SCHWAB STRATEGIC TR	808524755	200,285	$9.1M	1.35%
14	ISHARES TR	464287887	55,677	$7.9M	1.17%
15	ISHARES TR	464287168	51,579	$7.3M	1.09%
16	ISHARES TR	464288257	41,345	$5.8M	0.87%
17	ISHARES TR	464287804	46,930	$5.6M	0.84%
18	ISHARES TR	464287481	40,719	$5.6M	0.83%
19	SELECT SECTOR SPDR TR	81369Y506	108,620	$4.9M	0.73%
20	MICROSOFT CORP	MSFT	8,964	$4.3M	0.65%