SFMG, LLC

Filed: 11/13/2025ACC: 0001512026-25-000009

📋 What this filing means

SFMG, LLC filed this quarterly 13F‑HR report disclosing 307 equity positions with a total reported market value of $1.44B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

307

Positions

$1.44B

Total AUM (reported)

15.32M

Total Shares

Allocation by class

COM$549.20M38.1%

TRENDP US LAR CP$128.88M8.9%

S&P500 QUALITY$121.04M8.4%

ACTIVEBETA US LG$106.52M7.4%

MSCI USA STRTGIC$89.71M6.2%

MRNGSTR WDE MOAT$62.55M4.3%

CL B NEW$58.53M4.1%

Portfolio Concentration

Top 3$427.87M29.7%

4–10$462.03M32.0%

11–25$219.86M15.2%

Rest$332.78M23.1%

Top 3 weight

29.7%

Top 10 weight

61.7%

Voting Authority Distribution

Total shares with voting rights: 15.32M

Sole

Full voting authority

1.32K

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

15.32M

% of voting shares100.0%

Investment Discretion (by position count)

Sole307

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings307

Rows:

ATMOS ENERGY CORP

SOLE

COM

Shares1.04M

TypeSH

Market value$177.95M

12.34%

Sole

0.00

Shared

0.00

None

1.04M

PACER FDS TR

SOLE

TRENDP US LAR CP

Shares2.35M

TypeSH

Market value$128.88M

8.93%

Sole

270.00

Shared

0.00

None

2.35M

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 QUALITY

Shares1.65M

TypeSH

Market value$121.04M

8.39%

Sole

319.00

Shared

0.00

None

1.65M

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA US LG

Shares817.66K

TypeSH

Market value$106.52M

7.38%

Sole

192.00

Shared

0.00

None

817.47K

SPDR SERIES TRUST

SOLE

MSCI USA STRTGIC

Shares523.98K

TypeSH

Market value$89.71M

6.22%

Sole

136.00

Shared

0.00

None

523.84K

VANECK ETF TRUST

SOLE

MRNGSTR WDE MOAT

Shares631.12K

TypeSH

Market value$62.55M

4.34%

Sole

116.00

Shared

0.00

None

631K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares116.42K

TypeSH

Market value$58.53M

4.06%

Sole

0.00

Shared

0.00

None

116.42K

APPLE INC

SOLE

COM

Shares220.07K

TypeSH

Market value$56.04M

3.88%

Sole

0.00

Shared

0.00

None

220.07K

PACER FDS TR

SOLE

US CASH COWS 100

Shares923.91K

TypeSH

Market value$53.10M

3.68%

Sole

192.00

Shared

0.00

None

923.72K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares53.17K

TypeSH

Market value$35.59M

2.47%

Sole

0.00

Shared

0.00

None

53.17K

MICROSOFT CORP

SOLE

COM

Shares65.06K

TypeSH

Market value$33.70M

2.34%

Sole

0.00

Shared

0.00

None

65.06K

NVIDIA CORPORATION

SOLE

COM

Shares151.40K

TypeSH

Market value$28.25M

1.96%

Sole

0.00

Shared

0.00

None

151.40K

AMAZON COM INC

SOLE

COM

Shares103.33K

TypeSH

Market value$22.69M

1.57%

Sole

0.00

Shared

0.00

None

103.33K

ALPHABET INC

SOLE

CAP STK CL C

Shares74.59K

TypeSH

Market value$18.17M

1.26%

Sole

0.00

Shared

0.00

None

74.59K

J P MORGAN EXCHANGE TRADED F

SOLE

EQUITY PREMIUM

Shares273.95K

TypeSH

Market value$15.64M

1.08%

Sole

0.00

Shared

0.00

None

273.95K

SCHWAB STRATEGIC TR

SOLE

LONG TERM US

Shares418.13K

TypeSH

Market value$13.51M

0.94%

Sole

97.00

Shared

0.00

None

418.04K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares19.75K

TypeSH

Market value$13.16M

0.91%

Sole

0.00

Shared

0.00

None

19.75K

RTX CORPORATION

SOLE

COM

Shares72.68K

TypeSH

Market value$12.16M

0.84%

Sole

0.00

Shared

0.00

None

72.68K

WALMART INC

SOLE

COM

Shares117.12K

TypeSH

Market value$12.07M

0.84%

Sole

0.00

Shared

0.00

None

117.12K

APPLIED MATLS INC

SOLE

COM

Shares52.30K

TypeSH

Market value$10.71M

0.74%

Sole

0.00

Shared

0.00

None

52.30K

ADVANCED MICRO DEVICES INC

SOLE

COM

Shares59.64K

TypeSH

Market value$9.65M

0.67%

Sole

0.00

Shared

0.00

None

59.64K

ISHARES TR

SOLE

20 YR TR BD ETF

Shares85.16K

TypeSH

Market value$7.61M

0.53%

Sole

0.00

Shared

0.00

None

85.16K

META PLATFORMS INC

SOLE

CL A

Shares10.32K

TypeSH

Market value$7.58M

0.53%

Sole

0.00

Shared

0.00

None

10.32K

FIDELITY COVINGTON TRUST

SOLE

DISRUPTORS ETF

Shares211.65K

TypeSH

Market value$7.52M

0.52%

Sole

0.00

Shared

0.00

None

211.65K

ARES CAPITAL CORP

SOLE

COM

Shares365.14K

TypeSH

Market value$7.45M

0.52%

Sole

0.00

Shared

0.00

None

365.14K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ATMOS ENERGY CORPSOLE	COM	1.04M	SH	$177.95M 12.34%	0.00	1.04M
PACER FDS TRSOLE	TRENDP US LAR CP	2.35M	SH	$128.88M 8.93%	270.00	2.35M
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 QUALITY	1.65M	SH	$121.04M 8.39%	319.00	1.65M
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA US LG	817.66K	SH	$106.52M 7.38%	192.00	817.47K
SPDR SERIES TRUSTSOLE	MSCI USA STRTGIC	523.98K	SH	$89.71M 6.22%	136.00	523.84K
VANECK ETF TRUSTSOLE	MRNGSTR WDE MOAT	631.12K	SH	$62.55M 4.34%	116.00	631K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	116.42K	SH	$58.53M 4.06%	0.00	116.42K
APPLE INCSOLE	COM	220.07K	SH	$56.04M 3.88%	0.00	220.07K
PACER FDS TRSOLE	US CASH COWS 100	923.91K	SH	$53.10M 3.68%	192.00	923.72K
ISHARES TRSOLE	CORE S&P500 ETF	53.17K	SH	$35.59M 2.47%	0.00	53.17K
MICROSOFT CORPSOLE	COM	65.06K	SH	$33.70M 2.34%	0.00	65.06K
NVIDIA CORPORATIONSOLE	COM	151.40K	SH	$28.25M 1.96%	0.00	151.40K
AMAZON COM INCSOLE	COM	103.33K	SH	$22.69M 1.57%	0.00	103.33K
ALPHABET INCSOLE	CAP STK CL C	74.59K	SH	$18.17M 1.26%	0.00	74.59K
J P MORGAN EXCHANGE TRADED FSOLE	EQUITY PREMIUM	273.95K	SH	$15.64M 1.08%	0.00	273.95K
SCHWAB STRATEGIC TRSOLE	LONG TERM US	418.13K	SH	$13.51M 0.94%	97.00	418.04K
SPDR S&P 500 ETF TRSOLE	TR UNIT	19.75K	SH	$13.16M 0.91%	0.00	19.75K
RTX CORPORATIONSOLE	COM	72.68K	SH	$12.16M 0.84%	0.00	72.68K
WALMART INCSOLE	COM	117.12K	SH	$12.07M 0.84%	0.00	117.12K
APPLIED MATLS INCSOLE	COM	52.30K	SH	$10.71M 0.74%	0.00	52.30K
ADVANCED MICRO DEVICES INCSOLE	COM	59.64K	SH	$9.65M 0.67%	0.00	59.64K
ISHARES TRSOLE	20 YR TR BD ETF	85.16K	SH	$7.61M 0.53%	0.00	85.16K
META PLATFORMS INCSOLE	CL A	10.32K	SH	$7.58M 0.53%	0.00	10.32K
FIDELITY COVINGTON TRUSTSOLE	DISRUPTORS ETF	211.65K	SH	$7.52M 0.52%	0.00	211.65K
ARES CAPITAL CORPSOLE	COM	365.14K	SH	$7.45M 0.52%	0.00	365.14K

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