Linscomb Wealth, Inc.

Houston, TX · CIK 1313294 · 13F filing filed 2023-08-09

SEC-registered investment adviser since 1995 · corporation

Assets managed$5.2bn
Staff46 · 25 in investment roles
Main clients (by assets)High net worth individuals 92%, Individuals 5%, Pension plans 3%
Websitelinscombwealth.com
Form ADV · 2026-02-27SEC adviser record

$1.9bn reported value -2.8% vs Q1 2023

271positions

47.0%in top 10

9 new 39 added 193 reduced 22 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	4,022,460	$185.8m10.02%	10.02%	Reduced -105.4k	-105,380 -2.5%
2	ISHARES TR CORE S&P500 ETF IVV	IVV	367,017	$163.6m8.83%	8.83%	Reduced -16.8k	-16,812 -4.4%
3	ISHARES TR MSCI EAFE ETF EFA	EFA	1,287,364	$93.3m5.04%	5.04%	Reduced -116.4k	-116,390 -8.3%
4	ISHARES TR CORE S&P MCP ETF IJH	IJH	356,499	$93.2m5.03%	5.03%	Reduced -16.2k	-16,226 -4.3%
5	WISDOMTREE TR US MIDCAP DIVID DON	DON	2,104,422	$88.5m4.78%	4.78%	Reduced -117.1k	-117,052 -5.3%
6	INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF	PRF	439,511	$71.9m3.88%	3.88%	Reduced -39.3k	-39,315 -8.2%
7	SPDR SER TR S&P DIVID ETF SDY	SDY	369,111	$45.2m2.44%	2.44%	Reduced -42.2k	-42,212 -10.3%
8	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	202,236	$44.5m2.40%	2.40%	Reduced -62.9k	-62,881 -23.7%
9	EXXON MOBIL CORP COM XOM	XOM	408,329	$43.8m2.36%	2.36%	Added +22	+22 0.0%
10	MICROSOFT CORP COM MSFT	MSFT	120,190	$40.9m2.21%	2.21%	Reduced -4.2k	-4,158 -3.3%
11	APPLE INC COM AAPL	AAPL	180,365	$35.0m1.89%	1.89%	Reduced -763	-763 -0.4%
12	WISDOMTREE TR US HIGH DIVIDEND DHS	DHS	429,520	$34.2m1.84%	1.84%	Reduced -42.9k	-42,865 -9.1%
13	JPMORGAN CHASE & CO COM JPM	JPM	126,145	$18.3m0.99%	0.99%	Reduced -1.9k	-1,895 -1.5%
14	BROADCOM INC COM AVGO	AVGO	20,717	$18.0m0.97%	0.97%	Reduced -1.5k	-1,474 -6.6%
15	LAM RESEARCH CORP COM COM		22,326	$14.4m0.77%	0.77%	Reduced -1.4k	-1,431 -6.0%
16	CHEVRON CORP NEW COM CVX	CVX	90,351	$14.2m0.77%	0.77%	Reduced -5.9k	-5,872 -6.1%
17	MCDONALDS CORP COM MCD	MCD	44,748	$13.4m0.72%	0.72%	Reduced -2.7k	-2,674 -5.6%
18	ISHARES TR INTL SEL DIV ETF IDV	IDV	504,518	$13.3m0.72%	0.72%	Reduced -33.2k	-33,178 -6.2%
19	PROCTER AND GAMBLE CO COM PG	PG	83,876	$12.7m0.69%	0.69%	Reduced -4.2k	-4,233 -4.8%
20	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	39,819	$12.3m0.66%	0.66%	Reduced -2.5k	-2,504 -5.9%
21	JOHNSON & JOHNSON COM JNJ	JNJ	73,679	$12.2m0.66%	0.66%	Reduced -2.1k	-2,144 -2.8%
22	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	114,671	$12.2m0.66%	0.66%	Reduced -1.2k	-1,194 -1.0%
23	ABBVIE INC COM ABBV	ABBV	90,151	$12.1m0.66%	0.66%	Reduced -4.4k	-4,379 -4.6%
24	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	25,008	$12.0m0.65%	0.65%	Reduced -1.6k	-1,565 -5.9%
25	PEPSICO INC COM PEP	PEP	64,644	$12.0m0.65%	0.65%	Reduced -3.9k	-3,929 -5.7%
26	ABBOTT LABS COM ABT	ABT	109,286	$11.9m0.64%	0.64%	Reduced -5.1k	-5,084 -4.5%
27	LOCKHEED MARTIN CORP COM LMT	LMT	25,879	$11.9m0.64%	0.64%	Reduced -1.1k	-1,099 -4.1%
28	QUALCOMM INC COM QCOM	QCOM	97,279	$11.6m0.62%	0.62%	Reduced -3.7k	-3,663 -3.6%
29	WISDOMTREE TR US SMALLCAP FUND EES	EES	258,426	$11.6m0.62%	0.62%	Reduced -12.6k	-12,630 -4.7%
30	AMAZON COM INC COM AMZN	AMZN	88,360	$11.5m0.62%	0.62%	Reduced -1.1k	-1,117 -1.2%
31	RTX CORPORATION COM RTX	RTX	116,963	$11.5m0.62%	0.62%	Reduced -6.1k	-6,108 -5.0%
32	VANGUARD INDEX FDS EXTEND MKT ETF VXF	VXF	74,953	$11.2m0.60%	0.60%	Reduced -4.4k	-4,369 -5.5%
33	ISHARES TR SELECT DIVID ETF DVY	DVY	97,360	$11.0m0.60%	0.60%	Reduced -4.5k	-4,482 -4.4%
34	WISDOMTREE TR EMER MKT HIGH FD DEM	DEM	282,327	$10.8m0.58%	0.58%	Reduced -21.0k	-20,976 -6.9%
35	UNITED PARCEL SERVICE INC CL B UPS	UPS	59,387	$10.6m0.57%	0.57%	Reduced -3.7k	-3,681 -5.8%
36	BLACKROCK INC COM BLK	BLK	15,236	$10.5m0.57%	0.57%	Reduced -676	-676 -4.2%
37	CISCO SYS INC COM CSCO	CSCO	201,159	$10.4m0.56%	0.56%	Reduced -9.0k	-8,984 -4.3%
38	CUMMINS INC COM CMI	CMI	42,348	$10.4m0.56%	0.56%	Reduced -2.1k	-2,134 -4.8%
39	TEXAS INSTRS INC COM TXN	TXN	55,860	$10.1m0.54%	0.54%	Reduced -2.9k	-2,908 -5.0%
40	BANK AMERICA CORP COM BAC	BAC	344,054	$9.9m0.53%	0.53%	Reduced -13.2k	-13,166 -3.7%
41	GENERAL MLS INC COM GIS	GIS	127,925	$9.8m0.53%	0.53%	Reduced -7.0k	-6,992 -5.2%
42	NORFOLK SOUTHN CORP COM NSC	NSC	43,257	$9.8m0.53%	0.53%	Reduced -1.9k	-1,932 -4.3%
43	J P MORGAN EXCHANGE TRADED F DIV RTN EM EQT JPEM	JPEM	193,828	$9.8m0.53%	0.53%	Reduced -17.9k	-17,950 -8.5%
44	VISA INC COM CL A V	V	40,500	$9.6m0.52%	0.52%	Reduced -811	-811 -2.0%
45	WILLIAMS SONOMA INC COM WSM	WSM	76,227	$9.5m0.51%	0.51%	Reduced -4.6k	-4,592 -5.7%
46	AMGEN INC COM AMGN	AMGN	42,204	$9.4m0.51%	0.51%	Reduced -2.0k	-1,980 -4.5%
47	KINDER MORGAN INC DEL COM KMI	KMI	531,081	$9.1m0.49%	0.49%	Reduced -22.2k	-22,182 -4.0%
48	FIDELITY MERRIMACK STR TR TOTAL BD ETF FBND	FBND	201,192	$9.1m0.49%	0.49%	Reduced -37.0k	-36,998 -15.5%
49	HONEYWELL INTL INC COM COM		43,554	$9.0m0.49%	0.49%	Reduced -2.1k	-2,073 -4.5%
50	COMCAST CORP NEW CL A CMCSA	CMCSA	213,376	$8.9m0.48%	0.48%	Reduced -10.1k	-10,137 -4.5%
51	MERCK & CO INC COM MRK	MRK	76,475	$8.8m0.48%	0.48%	Reduced -1.4k	-1,425 -1.8%
52	PHILIP MORRIS INTL INC COM PM	PM	90,184	$8.8m0.48%	0.48%	Reduced -5.8k	-5,821 -6.1%
53	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	19,592	$8.7m0.47%	0.47%	Reduced -3.1k	-3,066 -13.5%
54	DUKE ENERGY CORP NEW COM NEW DUK	DUK	94,383	$8.5m0.46%	0.46%	Reduced -3.5k	-3,453 -3.5%
55	PFIZER INC COM PFE	PFE	224,498	$8.2m0.44%	0.44%	Reduced -8.3k	-8,303 -3.6%
56	DOW INC COM DOW	DOW	149,824	$8.0m0.43%	0.43%	Reduced -7.9k	-7,893 -5.0%
57	METLIFE INC COM MET	MET	140,961	$8.0m0.43%	0.43%	Reduced -7.2k	-7,164 -4.8%
58	STARBUCKS CORP COM SBUX	SBUX	79,057	$7.8m0.42%	0.42%	Reduced -5.8k	-5,811 -6.8%
59	CVS HEALTH CORP COM CVS	CVS	111,217	$7.7m0.41%	0.41%	Reduced -5.3k	-5,289 -4.5%
60	ALPHABET INC CAP STK CL C GOOG	GOOG	63,003	$7.6m0.41%	0.41%	Reduced -1.8k	-1,788 -2.8%
61	WISDOMTREE TR US S CAP QTY DIV DGRS	DGRS	172,270	$7.3m0.39%	0.39%	Reduced -14.7k	-14,731 -7.9%
62	ISHARES TR RUS 1000 GRW ETF IWF	IWF	26,234	$7.2m0.39%	0.39%	Reduced -5.6k	-5,622 -17.6%
63	CITIGROUP INC COM NEW C	C	153,833	$7.1m0.38%	0.38%	Reduced -6.3k	-6,314 -3.9%
64	VANGUARD SCOTTSDALE FDS VNG RUS3000IDX VTHR	VTHR	35,776	$7.1m0.38%	0.38%	Reduced -2.2k	-2,240 -5.9%
65	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	52,540	$7.0m0.38%	0.38%	Reduced -2.5k	-2,470 -4.5%
66	ISHARES TR MSCI EMG MKT ETF EEM	EEM	173,749	$6.9m0.37%	0.37%	Reduced -7.3k	-7,350 -4.1%
67	META PLATFORMS INC CL A META	META	23,704	$6.8m0.37%	0.37%	Reduced -509	-509 -2.1%
68	ALPHABET INC CAP STK CL A GOOGL	GOOGL	56,318	$6.7m0.36%	0.36%	Added +123	+123 0.2%
69	VERIZON COMMUNICATIONS INC COM VZ	VZ	180,387	$6.7m0.36%	0.36%	Reduced -7.6k	-7,559 -4.0%
70	ISHARES TR RUS 1000 VAL ETF IWD	IWD	41,258	$6.5m0.35%	0.35%	Reduced -16.0k	-16,020 -28.0%
71	MASTERCARD INCORPORATED CL A MA	MA	16,490	$6.5m0.35%	0.35%	Reduced -358	-358 -2.1%
72	WILLIAMS COS INC COM WMB	WMB	194,029	$6.3m0.34%	0.34%	Added +20.3k	+20,339 11.7%
73	CROWN CASTLE INC COM CCI	CCI	55,110	$6.3m0.34%	0.34%	Reduced -1.8k	-1,823 -3.2%
74	T ROWE PRICE ETF INC PRICE BLUE CHIP TCHP	TCHP	222,222	$6.2m0.33%	0.33%	Reduced -51.7k	-51,739 -18.9%
75	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	97,866	$6.2m0.33%	0.33%	Reduced -24.0k	-24,013 -19.7%
76	MEDTRONIC PLC SHS MDT	MDT	69,914	$6.2m0.33%	0.33%	Reduced -2.5k	-2,487 -3.4%
77	STRYKER CORPORATION COM SYK	SYK	19,131	$5.8m0.31%	0.31%	Reduced -1.2k	-1,182 -5.8%
78	DOMINION ENERGY INC COM D	D	108,986	$5.6m0.30%	0.30%	Reduced -3.6k	-3,601 -3.2%
79	ISHARES TR CORE US AGGBD ET AGG	AGG	57,607	$5.6m0.30%	0.30%	Reduced -102	-102 -0.2%
80	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	88,878	$5.0m0.27%	0.27%	Reduced -5.4k	-5,353 -5.7%
81	CORTEVA INC COM CTVA	CTVA	86,455	$5.0m0.27%	0.27%	Reduced -2.4k	-2,362 -2.7%
82	PALO ALTO NETWORKS INC COM PANW	PANW	19,201	$4.9m0.26%	0.26%	Reduced -252	-252 -1.3%
83	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	69,205	$4.9m0.26%	0.26%	Reduced -3.5k	-3,451 -4.8%
84	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	119,767	$4.9m0.26%	0.26%	Reduced -19.8k	-19,789 -14.2%
85	ORACLE CORP COM ORCL	ORCL	40,885	$4.9m0.26%	0.26%	Reduced -687	-687 -1.6%
86	AIR PRODS & CHEMS INC COM APD	APD	16,169	$4.8m0.26%	0.26%	Reduced -368	-368 -2.2%
87	ISHARES TR RUS 1000 ETF IWB	IWB	19,584	$4.8m0.26%	0.26%	Reduced -237	-237 -1.2%
88	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	180,434	$4.8m0.26%	0.26%	Reduced -280	-280 -0.1%
89	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	130,230	$4.6m0.25%	0.25%	Reduced -26.7k	-26,678 -17.0%
90	TRUIST FINL CORP COM TFC	TFC	152,438	$4.6m0.25%	0.25%	Added +626	+626 0.4%
91	OCCIDENTAL PETE CORP COM OXY	OXY	77,809	$4.6m0.25%	0.25%	Unchanged
92	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	57,789	$4.4m0.24%	0.24%	Reduced -2.1k	-2,065 -3.5%
93	FIDELITY NATL INFORMATION SV COM FIS	FIS	75,008	$4.1m0.22%	0.22%	New
94	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	81,484	$4.1m0.22%	0.22%	Reduced -18.3k	-18,329 -18.4%
95	TJX COS INC NEW COM TJX	TJX	44,218	$3.7m0.20%	0.20%	Reduced -349	-349 -0.8%
96	COSTCO WHSL CORP NEW COM COST	COST	6,811	$3.7m0.20%	0.20%	Reduced -226	-226 -3.2%
97	INVESCO EXCHANGE TRADED FD T WATER RES ETF PHO	PHO	64,373	$3.6m0.20%	0.20%	Added +5	+5 0.0%
98	WISDOMTREE TR US LARGECAP DIVD DLN	DLN	56,376	$3.6m0.19%	0.19%	Added +1.1k	+1,100 2.0%
99	MORGAN STANLEY COM NEW MS	MS	41,414	$3.5m0.19%	0.19%	Added +613	+613 1.5%
100	SALESFORCE INC COM CRM	CRM	16,728	$3.5m0.19%	0.19%	Reduced -200	-200 -1.2%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
DCP MIDSTREAM LP DCP	DCP	17,000	$709.2k17.0k shares
MDU RES GROUP INC MDU	MDU	14,325	$436.6k14.3k shares
ALAMOS GOLD INC NEW AGI	AGI	34,107	$417.1k34.1k shares
SPROTT PHYSICAL SILVER TR PSLV	PSLV	45,086	$376.0k45.1k shares
SELECT SECTOR SPDR TR XLY	XLY	2,337	$349.5k2.3k shares
SELECT SECTOR SPDR TR XLB	XLB	4,144	$334.2k4.1k shares
SPROTT PHYSICAL GOLD TR PHYS	PHYS	21,600	$333.9k21.6k shares
SCHWAB STRATEGIC TR SCHB	SCHB	6,883	$329.4k6.9k shares
WALGREENS BOOTS ALLIANCE INC WBA	WBA	9,319	$322.3k9.3k shares
SELECT SECTOR SPDR TR XLV	XLV	2,451	$317.3k2.5k shares
SELECT SECTOR SPDR TR XLF	XLF	9,342	$300.3k9.3k shares
SELECT SECTOR SPDR TR XLI	XLI	2,734	$276.6k2.7k shares
EOG RES INC EOG	EOG	2,364	$271.0k2.4k shares
ISHARES INC IEMG	IEMG	5,480	$267.4k5.5k shares
3M CO MMM	MMM	2,506	$263.4k2.5k shares
NPK INTERNATIONAL INC NPKI	NPKI	57,764	$222.4k57.8k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	2,175	$204.2k2.2k shares
DEVON ENERGY CORP NEW DVN	DVN	4,026	$203.8k4.0k shares
ISHARES TR IEFA	IEFA	3,016	$201.6k3.0k shares
BLACKROCK DEBT STRATEGIES FD DSU	DSU	10,688	$101.6k10.7k shares
HECLA MNG CO HL	HL	16,020	$101.4k16.0k shares
NEW GOLD INC CDA NGD	NGD	47,200	$51.9k47.2k shares