SFMG, LLC Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$1.5B

Holdings

306

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (306 positions)

#StockSharesValue% PortfolioType
1
ATOATMOS ENERGY CORP
1,060,389$177.8M11.92%
2
PTLCPACER FDS TR
2,412,945$134.1M8.99%
3
SPHQINVESCO EXCHANGE TRADED FD T
1,668,107$125.2M8.39%
4
GSLCGOLDMAN SACHS ETF TR
829,135$109.8M7.36%
5
QUSSPDR SERIES TRUST
527,047$91.8M6.15%
6
MOATVANECK ETF TRUST
640,814$66.4M4.45%
7
AAPLAPPLE INC
223,378$60.7M4.07%
8
BRK/BBERKSHIRE HATHAWAY INC DEL
115,251$57.9M3.88%
9
COWZPACER FDS TR
950,367$57.2M3.83%
10
IVVISHARES TR
52,936$36.3M2.43%
11
NVDANVIDIA CORPORATION
203,429$31.8M2.13%Put
12
MSFTMICROSOFT CORP
61,520$29.8M1.99%
13
AMZNAMAZON COM INC
115,800$24.5M1.64%Call
14
GOOGALPHABET INC
72,990$22.9M1.54%
15
JEPIJ P MORGAN EXCHANGE TRADED F
295,839$16.9M1.14%
16
SCHQSCHWAB STRATEGIC TR
477,113$15.1M1.01%
17
SPYSPDR S&P 500 ETF TR
34,567$14.4M0.97%Call
18
AMATAPPLIED MATLS INC
51,121$13.1M0.88%
19
RTXRTX CORPORATION
70,989$13.0M0.87%
20
WMTWALMART INC
109,619$12.2M0.82%
21
AMDADVANCED MICRO DEVICES INC
49,189$10.5M0.71%
22
FDIFFIDELITY COVINGTON TRUST
219,730$7.9M0.53%
23
VVISA INC
22,156$7.8M0.52%
24
ARCCARES CAPITAL CORP
364,892$7.4M0.49%
25
GOOGLALPHABET INC
22,914$7.2M0.48%
26
CRMSALESFORCE INC
26,272$7.0M0.47%
27
SCHXSCHWAB STRATEGIC TR
258,348$7.0M0.47%
28
BACVERIZON COMMUNICATIONS INC
170,521$6.9M0.47%
29
METAMETA PLATFORMS INC
10,262$6.8M0.45%
30
TLTISHARES TR
76,226$6.6M0.45%
31
CSXCSX CORP
178,769$6.5M0.43%
32
PANWPALO ALTO NETWORKS INC
34,645$6.4M0.43%
33
COPCONOCOPHILLIPS
67,994$6.4M0.43%
34
BXSLBLACKSTONE SECD LENDING FD
237,386$6.3M0.42%
35
BLKBLACKROCK INC
5,659$6.1M0.41%
36
HONHONEYWELL INTL INC
30,566$6.0M0.40%
37
NVONOVO-NORDISK A S
116,017$5.9M0.40%
38
ADBEADOBE INC
16,365$5.7M0.38%
39
AVGOBROADCOM INC
16,390$5.7M0.38%
40
TMOTHERMO FISHER SCIENTIFIC INC
9,735$5.6M0.38%
41
TSLATESLA INC
11,695$5.3M0.35%
42
IGVISHARES TR
49,323$5.2M0.35%
43
JPMJPMORGAN CHASE & CO.
16,060$5.2M0.35%
44
NDQINVESCO QQQ TR
8,313$5.1M0.34%
45
MDTMEDTRONIC PLC
53,073$5.1M0.34%
46
QTECFIRST TR EXCHANGE-TRADED FD
21,287$4.9M0.33%
47
GQ9SPDR GOLD TR
11,302$4.5M0.30%
48
VOOVANGUARD INDEX FDS
6,605$4.1M0.28%
49
MSDLMORGAN STANLEY DIRECT LENDIN
238,045$3.9M0.26%
50
SLBSLB LIMITED
99,792$3.8M0.26%
51
FBTCFIDELITY WISE ORIGIN BITCOIN
49,553$3.8M0.25%
52
LULULULULEMON ATHLETICA INC
15,432$3.2M0.21%
53
LLYELI LILLY & CO
2,926$3.1M0.21%
54
DDTOINNOVATOR ETFS TRUST
92,854$3.1M0.21%
55
PLTRPALANTIR TECHNOLOGIES INC
16,926$3.0M0.20%
56
CIBRFIRST TR EXCHANGE TRADED FD
41,965$3.0M0.20%
57
COSTCOSTCO WHSL CORP NEW
3,425$3.0M0.20%
58
ZTSZOETIS INC
22,900$2.9M0.19%
59
JNJJOHNSON & JOHNSON
13,902$2.9M0.19%
60
VTIVANGUARD INDEX FDS
8,379$2.8M0.19%
61
XOMEXXON MOBIL CORP
22,655$2.7M0.18%
62
SPTMSPDR SERIES TRUST
31,434$2.6M0.17%
63
USFRWISDOMTREE TR
49,340$2.5M0.17%
64
XLVSELECT SECTOR SPDR TR
15,354$2.4M0.16%
65
HLTHILTON WORLDWIDE HLDGS INC
8,269$2.4M0.16%
66
WPCWP CAREY INC
36,748$2.4M0.16%
67
KMIKINDER MORGAN INC DEL
82,788$2.3M0.15%
68
BRK-BBERKSHIRE HATHAWAY INC DEL
3$2.3M0.15%
69
DIVOAMPLIFY ETF TR
49,950$2.2M0.15%
70
MCKMCKESSON CORP
2,625$2.2M0.14%
71
XDSQINNOVATOR ETFS TRUST
48,008$2.0M0.13%
72
QQQMINVESCO EXCH TRADED FD TR II
7,839$2.0M0.13%
73
VTEBVANGUARD MUN BD FDS
39,081$2.0M0.13%
74
NFLXNETFLIX INC
20,187$1.9M0.13%
75
VRTXVERTEX PHARMACEUTICALS INC
4,162$1.9M0.13%
76
PAPRINNOVATOR ETFS TRUST
47,929$1.9M0.13%
77
IWFISHARES TR
3,940$1.9M0.12%
78
HGVHILTON GRAND VACATIONS INC
41,008$1.8M0.12%
79
KLACKLA CORP
1,451$1.8M0.12%
80
SPYGSPDR SERIES TRUST
16,439$1.8M0.12%
81
BXBLACKSTONE INC
11,320$1.7M0.12%
82
CSCOCISCO SYS INC
21,145$1.6M0.11%
83
APOAPOLLO GLOBAL MGMT INC
11,148$1.6M0.11%
84
SMHVANECK ETF TRUST
4,255$1.5M0.10%
85
SGOVISHARES TR
14,868$1.5M0.10%
86
MCDMCDONALDS CORP
4,884$1.5M0.10%
87
RSGREPUBLIC SVCS INC
6,972$1.5M0.10%
88
GRNTGRANITE RIDGE RESOURCES INC
310,606$1.5M0.10%
89
JJACOBS SOLUTIONS INC
11,000$1.5M0.10%
90
HDHOME DEPOT INC
4,092$1.4M0.09%
91
IBMINTERNATIONAL BUSINESS MACHS
4,683$1.4M0.09%
92
ABBVABBVIE INC
5,830$1.3M0.09%
93
ETNEATON CORP PLC
4,184$1.3M0.09%
94
LOWLOWES COS INC
5,291$1.3M0.09%
95
SHWSHERWIN WILLIAMS CO
3,866$1.3M0.08%
96
PGPROCTER AND GAMBLE CO
8,520$1.2M0.08%
97
ISRGINTUITIVE SURGICAL INC
2,136$1.2M0.08%
98
CVXCHEVRON CORP NEW
7,759$1.2M0.08%
99
TJXTJX COS INC NEW
7,628$1.2M0.08%
100
PEPPEPSICO INC
8,139$1.2M0.08%
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