SFMG LLC
Q3 2023 Form 13-F
PLANO, TEXAS
CIK 0001512026
· CRD 107548
· SEC-registered investment adviser
$972.9M Reported Value Total
SFMG WEALTH ADVISORS reports 3,633 total accounts under management (AUM). There are 3,167 discretionary accounts valued at $1,721,257,557, and 466 non-discretionary accounts valued at $163,690,567.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $376.8K gross asset value
Other: $376.8K
Source: Form ADV filed 2026-10-05
Reported value
$972.9M
Quarter over quarter
-3.6%
Holdings
248
Top-10 concentration
63.2%
Key People
Form ADV owners & control persons
Kevin Wayne Margolis
CEO, MANAGING DIRECTOR
Ryan Jay Blair
PRESIDENT & MANAGING DIRECTOR
Shashin Girish Shah
MANAGING DIRECTOR
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | November 06, 2023 |
| Form | 13F-HR |
| Reported value | $972.9M |
| Positions | 248 |
| Change in reported value | +0.1% |
| New positions | 20 |
| Exited positions | 23 |
| Position turnover | 15.9% |
| Top-10 concentration | 63.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
334 | $1.7B |
|
Q1 2026 13F
Filed May 12, 2026
|
313 | $1.5B |
|
Q4 2025 13F
Filed Feb 10, 2026
|
304 | $1.5B |
|
Q3 2025 13F
Filed Nov 13, 2025
|
305 | $1.4B |
|
Q2 2025 13F
Filed Aug 12, 2025
|
276 | $1.3B |
|
Q1 2025 13F
Filed May 9, 2025
|
278 | $1.3B |
|
Q4 2024 13F
Filed Feb 11, 2025
|
267 | $1.3B |
|
Q3 2024 13F
Filed Nov 25, 2024
|
268 | $1.2B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
266 | $1.2B |
|
Q1 2024 13F
Filed May 7, 2024
|
277 | $1.2B |
|
Q4 2023 13F
Filed Jan 30, 2024
|
265 | $1.1B |
|
Q3 2023 13F
Filed Nov 6, 2023
|
248 | $972.9M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
251 | $971.8M |
|
Q1 2023 13F
Filed May 1, 2023
|
257 | $928.5M |
|
Q4 2022 13F
Filed Jan 25, 2023
|
256 | $901.1M |
|
Q3 2022 13F
Filed Oct 20, 2022
|
245 | $856.9M |
|
Q2 2022 13F
Filed Aug 8, 2022
|
267 | $862.0M |
|
Q1 2022 13F
Filed Apr 21, 2022
|
291 | $1.0B |
|
Q4 2021 13F
Filed Jan 31, 2022
|
290 | $1.0B |
|
Q3 2021 13F
Filed Nov 1, 2021
|
256 | $901.5M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | ATO ATMOS ENERGY CORP | $115.0M | 11.82% |
| 2 | IVV ISHARES TR | $106.2M | 10.92% |
| 3 | SPHQ INVESCO EXCHANGE TRADED FD T | $84.9M | 8.72% |
| 4 | GSLC GOLDMAN SACHS ETF TR | $67.9M | 6.98% |
| 5 | QUS SPDR SER TR | $59.2M | 6.08% |
| 6 | MOAT VANECK ETF TRUST | $44.7M | 4.6% |
| 7 | COWZ PACER FDS TR | $39.7M | 4.08% |
| 8 | AAPL APPLE INC | $38.9M | 4.0% |
| 9 | BRK-B BERKSHIRE HATHAWAY INC DEL | $36.3M | 3.73% |
| 10 | IGV ISHARES TR | $22.2M | 2.29% |
| 11 | MSFT MICROSOFT CORP | $21.4M | 2.2% |
| 12 | SCHQ SCHWAB STRATEGIC TR | $21.3M | 2.19% |
| 13 | AMZN AMAZON COM INC | $13.2M | 1.36% |
| 14 | JEPI J P MORGAN EXCHANGE TRADED F | $10.0M | 1.03% |
| 15 | SPY SPDR S&P 500 ETF TR | $9.7M | 1.0% |
| 16 | GOOG ALPHABET INC | $9.3M | 0.96% |
| 17 | CSX CSX CORP | $9.0M | 0.93% |
| 18 | AMAT APPLIED MATLS INC | $7.7M | 0.79% |
| 19 | ARCC ARES CAPITAL CORP | $7.6M | 0.78% |
| 20 | FSK FS KKR CAP CORP | $6.5M | 0.67% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.