FULTON BREAKEFIELD BROENNIMAN LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BMY	BMY	157,645	$9,306	2.0%	$28.81	+35.1%	COM	110122108
—	BRKB	61,165	$9,184	2.0%	$113.40	—	COM	84670702
QCOM	QCOM	122,060	$9,073	2.0%	$47.09	+13.3%	COM	747525103
MAR	MAR	115,825	$9,038	2.0%	$52.91	+25.1%	COM	571903202
UNP	UNP	75,308	$8,971	2.0%	$67.08	+33.4%	COM	907818108
MSFT	MSFT	192,694	$8,951	2.0%	$33.97	+17.4%	COM	594918104
PEP	PEP	94,371	$8,924	2.0%	$56.33	+21.8%	COM	713448108
JNJ	JNJ	85,103	$8,899	1.9%	$60.12	+28.6%	COM	478160104
PFE	PFE	276,074	$8,600	1.9%	$16.52	+8.8%	COM	717081103
LOW	LOW	122,266	$8,412	1.8%	$32.16	+52.5%	COM	548661107
D	D	108,648	$8,355	1.8%	$34.91	+29.1%	COM	25746U109
CHD	CHD	103,245	$8,137	1.8%	$28.43	+12.0%	COM	171340102
—	GE	316,653	$8,002	1.8%	$23.31	—	COM	369604103
PFF	PFF	201,201	$7,936	1.7%	$39.27	—	PFD	464288687
WFC	WFC	142,155	$7,793	1.7%	$27.59	+40.5%	COM	949746101
COP	COP	108,872	$7,519	1.6%	$40.29	+21.3%	COM	20825C104
—	DD	101,675	$7,518	1.6%	$52.93	—	COM	263534109
CLX	CLX	70,477	$7,344	1.6%	$60.00	+21.8%	COM	189054109
VZ	VZ	153,562	$7,184	1.6%	$27.01	+2.4%	COM	92343V104
—	BAC	389,853	$6,974	1.5%	$15.66	—	COM	60505104
—	PETM	84,852	$6,898	1.5%	$67.01	—	COM	716768106
VFC	VFC	91,699	$6,868	1.5%	$49.74	+33.0%	COM	918204108
MDLZ	MDLZ	186,638	$6,780	1.5%	$23.22	+22.3%	COM	609207105
TJX	TJX	98,704	$6,769	1.5%	$21.12	+29.4%	COM	872540109
—	UTX	58,303	$6,705	1.5%	$96.40	—	COM	913017109
—	WYN	77,366	$6,635	1.5%	$73.68	—	COM	98310W108
—	AMGN	40,983	$6,528	1.4%	$99.43	—	COM	31162100
CVX	CVX	57,800	$6,484	1.4%	$71.30	-1.1%	COM	166764100
INTC	INTC	172,327	$6,254	1.4%	$17.21	+54.8%	COM	458140100
EMR	EMR	100,393	$6,197	1.4%	$40.54	+14.5%	COM	291011104
CTRA	COG	196,251	$5,811	1.3%	$24.22	-5.9%	COM	127097103
MCD	MCD	61,854	$5,796	1.3%	$71.69	-1.6%	COM	580135101
YUM	YUM	79,210	$5,770	1.3%	$39.22	+7.7%	COM	988498101
DOV	DOV	79,792	$5,723	1.3%	$40.91	+24.3%	COM	260003108
—	UL	140,340	$5,681	1.2%	$40.43	—	COM	904767704
ICF	ICF	56,943	$5,514	1.2%	$81.05	—	COM	464287564
MCHP	MCHP	121,852	$5,497	1.2%	$18.68	-7.3%	COM	595017104
XOM	XOM	58,425	$5,401	1.2%	$53.91	+7.6%	COM	30231G102
NEE	NEE	47,913	$5,093	1.1%	$14.21	+32.9%	COM	65339F101
XEL	XEL	137,740	$4,948	1.1%	$19.77	+19.2%	COM	98389B100
GPC	GPC	46,097	$4,913	1.1%	$54.31	+31.1%	COM	372460105
SO	SO	95,667	$4,698	1.0%	$26.71	+10.4%	COM	842587107
NKE	NKE	48,053	$4,620	1.0%	$27.11	+50.3%	COM	654106103
T	T	130,997	$4,400	1.0%	$11.81	0.0%	COM	00206R102
—	HCP	98,015	$4,316	0.9%	$44.17	—	COM	421915109
—	AMJ	92,376	$4,245	0.9%	$46.50	—	COM	46625H365
CAT	CAT	45,715	$4,184	0.9%	$61.55	+19.2%	COM	149123101
CSCO	CSCO	148,853	$4,140	0.9%	$15.24	+20.1%	COM	17275R102
—	KMI	96,139	$4,068	0.9%	$42.31	—	COM	49455P101
—	ANTM	29,683	$3,730	0.8%	$125.66	—	COM	36752103
NVS	NVS	40,138	$3,719	0.8%	$72.64	—	COM	66987V109
—	XLNX	83,915	$3,633	0.8%	$44.06	—	COM	983919101
IBB	IBB	11,823	$3,587	0.8%	$238.38	—	COM	464287556
—	AAPL	29,941	$3,305	0.7%	$93.95	—	COM	37833100
PG	PG	36,008	$3,280	0.7%	$55.10	+17.3%	COM	742718109
—	PX	25,293	$3,277	0.7%	$117.24	—	COM	74005P104
XLY	XLY	44,666	$3,223	0.7%	$57.10	—	COM	81369Y407
XLB	XLB	66,172	$3,215	0.7%	$38.75	—	COM	81369Y100
EPD	EPD	86,896	$3,139	0.7%	$51.36	—	COM	293792107
MO	MO	61,529	$3,018	0.7%	$23.76	0.0%	COM	02209S103
ED	ED	45,358	$2,994	0.7%	$37.44	+11.7%	COM	209115104
WMT	WMT	32,781	$2,815	0.6%	$20.05	+8.9%	COM	931142103
—	CELG	25,153	$2,814	0.6%	$101.99	—	COM	151020104
—	MON	22,279	$2,662	0.6%	$100.04	—	COM	61166W101
—	SRTRP	102,400	$2,585	0.6%	$25.24	—	PFD	857477889
—	SWJ	101,040	$2,552	0.6%	$24.14	—	PFD	854502705
ROP	ROP	16,225	$2,537	0.6%	$117.30	+22.2%	COM	776696106
—	ESRX	28,316	$2,398	0.5%	$64.17	—	COM	302182100
—	MET+B	91,963	$2,373	0.5%	$25.20	—	PFD	59156R603
—	PJH	89,468	$2,240	0.5%	$24.42	—	PFD	740434782
MMM	MMM	12,703	$2,087	0.5%	$63.05	+42.2%	COM	88579Y101
XLF	XLF	83,972	$2,077	0.5%	$20.47	—	COM	81369Y605
PM	PM	25,490	$2,076	0.5%	$49.34	-0.2%	COM	718172109
—	BCR	12,252	$2,041	0.4%	$144.80	—	COM	67383109
ELME	WRE	72,239	$1,998	0.4%	$26.90	—	COM	939653101
—	NU	37,244	$1,993	0.4%	$42.26	—	COM	664397106
PNC	PNC	20,355	$1,857	0.4%	$48.93	+25.4%	COM	693475105
KMB	KMB	15,921	$1,840	0.4%	$63.25	+20.3%	COM	494368103
—	MMP	22,095	$1,826	0.4%	$54.49	—	COM	559080106
TROW	TROW	21,228	$1,823	0.4%	$48.63	+10.5%	COM	74144T108
MTB	MTB	14,300	$1,796	0.4%	$74.59	+20.7%	COM	55261F104
—	SCE+F	66,072	$1,619	0.4%	$23.60	—	PFD	78406T201
XLU	XLU	33,609	$1,587	0.3%	$37.98	—	COM	81369Y886
—	GS+B	60,037	$1,523	0.3%	$25.37	—	PFD	38144X500
—	APD	10,237	$1,476	0.3%	$144.18	—	COM	9158106
JPM	JPM	23,392	$1,464	0.3%	$36.31	+23.1%	COM	46625H100
—	ATO	24,967	$1,392	0.3%	$41.10	—	COM	49560105
XLE	XLE	17,583	$1,392	0.3%	$82.02	—	COM	81369Y506
IXP	IXP	21,326	$1,281	0.3%	$59.60	—	COM	464287275
—	APA	19,741	$1,237	0.3%	$84.17	—	COM	37411105
—	ALL+C	45,592	$1,229	0.3%	$25.75	—	PFD	20002606
USB	USB	26,402	$1,187	0.3%	$22.93	+27.0%	COM	902973304
ORCL	ORCL	25,718	$1,157	0.3%	$27.82	+24.0%	COM	68389X105
—	SCHW+B	44,979	$1,151	0.3%	$25.38	—	PFD	808513204
—	UZA	46,533	$1,135	0.2%	$25.14	—	PFD	911684405
—	DPM	24,677	$1,121	0.2%	$53.91	—	COM	23311P100
—	AXP	11,939	$1,111	0.2%	$74.79	—	COM	25816109
—	USB+O	47,344	$1,109	0.2%	$23.30	—	PFD	902973791
PRE 6.5 PERP D	PRE+D	41,859	$1,065	0.2%	$25.12	—	PFD	G68603409
—	TCP	14,921	$1,063	0.2%	$48.49	—	COM	8723Q108
—	DTT	40,947	$1,046	0.2%	$25.02	—	PFD	25153Y206
—	ALL+A	39,840	$996	0.2%	$23.39	—	PFD	20002408
—	HSBC+A	37,900	$974	0.2%	$24.88	—	PFD	404280604
KO	KO	22,316	$942	0.2%	$27.73	+8.4%	COM	191216100
—	PSA+R	35,780	$930	0.2%	$25.50	—	PFD	74460D125
—	JPM+C	36,247	$921	0.2%	$25.34	—	PFD	48125E207
XLK	XLK	22,135	$915	0.2%	$41.34	—	COM	81369Y803
VAC	VAC	12,191	$909	0.2%	$69.53	0.0%	COM	57164Y107
—	WFC+T	33,440	$849	0.2%	$25.09	—	PFD	949746366
—	PSB+S	32,046	$819	0.2%	$25.05	—	PFD	69360J719
—	AEP	12,789	$777	0.2%	$44.77	—	COM	25537101
—	AFW	28,893	$767	0.2%	$25.47	—	PFD	25932401
—	BCS+	30,085	$767	0.2%	$25.49	—	PFD	06739F390
—	AFSD	29,455	$723	0.2%	$24.81	—	PFD	1055300
—	ACMP	11,977	$649	0.1%	$54.19	—	COM	00434L109
—	MRK	10,162	$577	0.1%	$56.78	—	COM	589331107
—	BCS-C	21,400	$555	0.1%	$25.93	—	PFD	06739H511
—	C	10,171	$550	0.1%	$47.52	—	COM	172967101
—	WGL	10,055	$549	0.1%	$54.60	—	COM	92924F106
—	JPM+B	20,562	$543	0.1%	$25.92	—	PFD	48127A161
—	BBT	13,641	$531	0.1%	$35.17	—	COM	54937107
XLP	XLP	10,575	$513	0.1%	$39.63	—	COM	81369Y308
—	BBT+D	19,777	$495	0.1%	$24.76	—	PFD	54937206
RWX	RWX	11,383	$473	0.1%	$41.55	—	COM	78463X863
SCHW	SCHW	15,373	$464	0.1%	$20.77	+19.6%	COM	808513105
—	NEE+I	16,762	$381	0.1%	$21.42	—	PFD	65339K803
—	NEE+G	15,240	$376	0.1%	$24.26	—	PFD	65339K605
—	BCS+D	13,880	$362	0.1%	$26.08	—	PFD	06739H362
—	PBSAY	13,783	$361	0.1%	$25.73	—	PFD	74460W842
—	PSA+V	14,280	$335	0.1%	$23.35	—	PFD	74460W800
—	STT+C	12,515	$287	0.1%	$22.55	—	PFD	857477509
—	MENT	12,774	$280	0.1%	$22.00	—	COM	587200106
—	VNO+K	10,908	$262	0.1%	$24.02	—	PFD	929042851