FULTON BREAKEFIELD BROENNIMAN LLC
SEC Form 13F institutional filer · CIK 0001119254
13F-HR · 127 reported holdings · 2026-03-31
FULTON BREAKEFIELD BROENNIMAN LLC is an investment advisor.
Reported long-US-equity value
$1.23B
Top-10 concentration
61.7%
FULTON BREAKEFIELD BROENNIMAN LLC — $1.23B AUM allocation strategy
FULTON BREAKEFIELD BROENNIMAN LLC files SEC Form 13F and reports $1.23B of long US equity value across 127 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 16.7%, followed by Financials 10.2% and Consumer Discretionary 7.2%.
The top 10 holdings account for 62% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
FULTON BREAKEFIELD BROENNIMAN LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.23B
total across 127 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
62% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +375K sh · +$37.9M+$BRK.B +179K sh · −$8.27M+$AVGO +48.9K sh · +$14.8M
Biggest trims (shares)
−$UNP −56.8K sh · −$13.1M−$AMZN −56.3K sh · −$18.2M−$NEE −54.8K sh · −$1.55M
Exited to nil (held last quarter, gone now)
$ACN ($1.53M last qtr)$ADP ($1.26M last qtr)$EXR ($936K last qtr)$ANET ($397K last qtr)$NTRS ($314K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals6.2%—
- Systems Software5.4%—
- Interactive Media & Services5.2%—
- Semiconductors5.1%—
- Broadline Retail3.9%—
- Multi-Sector Holdings2.9%—
- Aerospace & Defense2.3%—
- Pharmaceuticals2.3%—
- Other holdings66.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 300K | $76.1M | -39.4K | 6.2% |
| $MSFT | Microsoft Corporation | 178K | $66M | +117 | 5.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 223K | $64.1M | -30.2K | 5.2% |
| $AMZN | Amazon.com Inc | 229K | $47.7M | -56.3K | 3.9% |
| $NVDA | NVIDIA Corporation | 260K | $45.4M | +13.8K | 3.7% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 267K | $35.8M | +179K | 2.9% |
| $HWM | Howmet Aerospace Inc | 127K | $29.2M | -1.62K | 2.4% |
| $LLY | Eli Lilly and Company | 30.6K | $28.1M | -25 | 2.3% |
| $V | Visa Inc | 83.9K | $25.3M | -18.5K | 2.1% |
…and 118 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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