Asset Management Advisors, LLC Concentrated Active

CIK: 0001596355 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 6, 2026

Total Value ($000): $165,339 (100.0% shares, 0.0% debt)

Holdings (18)

Increased Positions (6)

KMX CarMax Inc. 1.9%

Value ($000) $3,159 (+54.5%) Shares 81,749 (+79.5%) Est. Cost $51.50 Unrealized -22.3%

ACN Accenture Plc 2.8%

Value ($000) $4,685 (+12.7%) Shares 17,460 (+3.6%) Est. Cost $260.38 Unrealized -2.4%

LEN Lennar Corp A 4.4%

Value ($000) $7,355 (+6.1%) Shares 71,542 (+30.1%) Est. Cost $63.52 Unrealized +90.0%

VZ Verizon Comm. 3.0%

Value ($000) $4,900 (-5.4%) Shares 120,306 (+2.1%) Est. Cost $39.29 Unrealized +3.0%

MRP Millrose Properties Inc. 0.5%

Value ($000) $833 (-9.3%) Shares 27,875 (+2.1%) Est. Cost $26.58 Unrealized —

BN Brookfield Corp 9.5%

Value ($000) $15,667 (+0.2%) Shares 341,414 (+49.7%) Est. Cost $32.13 Unrealized +41.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KMX	CarMax Inc.	81,749 (+79.5%)	$3,159 (+54.5%)	1.9%	$51.50	-22.3%	COM	143130102
ACN	Accenture Plc	17,460 (+3.6%)	$4,685 (+12.7%)	2.8%	$260.38	-2.4%	COM	G1151C101
LEN	Lennar Corp A	71,542 (+30.1%)	$7,355 (+6.1%)	4.4%	$63.52	+90.0%	COM	526057104
VZ	Verizon Comm.	120,306 (+2.1%)	$4,900 (-5.4%)	3.0%	$39.29	+3.0%	COM	92343V104
MRP	Millrose Properties Inc.	27,875 (+2.1%)	$833 (-9.3%)	0.5%	$26.58	—	COM	601137102
BN	Brookfield Corp	341,414 (+49.7%)	$15,667 (+0.2%)	9.5%	$32.13	+41.8%	COM	11271J107

Decreased Positions (3)

— Brookfield Renewable 4.4%

Value ($000) $7,312 (-29.9%) Shares 190,710 (-37.0%) Est. Cost $29.69 Unrealized —

MU Micron Technology Inc. 4.8%

Value ($000) $7,923 (+15.0%) Shares 27,759 (-32.6%) Est. Cost $49.08 Unrealized +367.3%

VOOV Vanguard S&P 500 Value ETF 0.2%

Value ($000) $277 (-10.2%) Shares 1,353 (-12.6%) Est. Cost $141.61 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Brookfield Renewable	190,710 (-37.0%)	$7,312 (-29.9%)	4.4%	$29.69	—	COM	11284v105
MU	Micron Technology Inc.	27,759 (-32.6%)	$7,923 (+15.0%)	4.8%	$49.08	+367.3%	COM	595112103
VOOV	Vanguard S&P 500 Value ETF	1,353 (-12.6%)	$277 (-10.2%)	0.2%	$141.61	—	ETF	921932703

Unchanged Positions (9)

GOOGL Alphabet Inc - Cl A 6.3%

Value ($000) $10,374 Shares 33,145 Est. Cost $163.29 Unrealized +74.9%

ALLY Ally Financial 4.6%

Value ($000) $7,532 Shares 166,305 Est. Cost $27.63 Unrealized +47.7%

— Verisign Inc. 3.0%

Value ($000) $4,942 Shares 20,340 Est. Cost $178.32 Unrealized —

OXY Occidental Petrol Co 3.1%

Value ($000) $5,107 Shares 124,205 Est. Cost $57.97 Unrealized -28.3%

WMB Williams Companies 6.3%

Value ($000) $10,440 Shares 173,674 Est. Cost $17.72 Unrealized +239.0%

AAPL Apple Inc. 5.5%

Value ($000) $9,111 Shares 33,513 Est. Cost $84.91 Unrealized +216.0%

NEE Nextera Energy Inc. 5.6%

Value ($000) $9,268 Shares 115,441 Est. Cost $54.73 Unrealized +50.7%

BRK/B Berkshire Hathaway B 34.0%

Value ($000) $56,194 Shares 111,796 Est. Cost $148.08 Unrealized +236.0%

SO The Southern Company 0.2%

Value ($000) $262 Shares 3,000 Est. Cost $63.75 Unrealized +42.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc - Cl A	33,145	$10,374	6.3%	$163.29	+74.9%	COM	02079K305
ALLY	Ally Financial	166,305	$7,532	4.6%	$27.63	+47.7%	COM	02005N100
—	Verisign Inc.	20,340	$4,942	3.0%	$178.32	—	COM	92343e102
OXY	Occidental Petrol Co	124,205	$5,107	3.1%	$57.97	-28.3%	COM	674599105
WMB	Williams Companies	173,674	$10,440	6.3%	$17.72	+239.0%	COM	969457100
AAPL	Apple Inc.	33,513	$9,111	5.5%	$84.91	+216.0%	COM	037833100
NEE	Nextera Energy Inc.	115,441	$9,268	5.6%	$54.73	+50.7%	COM	65339F101
BRK/B	Berkshire Hathaway B	111,796	$56,194	34.0%	$148.08	+236.0%	COM	084670702
SO	The Southern Company	3,000	$262	0.2%	$63.75	+42.6%	COM	842587107