BBR PARTNERS, LLC

NEW YORK, NY · CIK 1352467 · 13F filing filed 2026-05-12

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$36.5bn
Staff175 · 53 in investment roles
Main clients (by assets)High net worth individuals 76%, Private funds 19%, Mutual funds and ETFs 5%
Private funds41 (8 hedge) · $7.1bn gross assets
Websitebbrpartners.com
Form ADV · 2026-07-30SEC adviser record

Legal entityBBR PARTNERS, LLC (US)

$1.8bn reported value -3.9% vs Q4 2025

253positions

71.2%in top 10

36 new 50 added 80 reduced 50 sold out vs Q4 2025

Holdings, Q1 2026

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	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,067,347	$694.1m38.74%	38.74%	Added +21.8k	+21,771 2.1%
2	AB ACTIVE ETFS INC INTL LOW VOLATLT ILOW	ILOW	4,728,198	$201.7m11.26%	11.26%	Added +464.7k	+464,726 10.9%
3	ISHARES TR CORE S&P500 ETF IVV	IVV	186,005	$121.5m6.78%	6.78%	Reduced -237	-237 -0.1%
4	UNITED PARCEL SERVICE INC CL B UPS	UPS	754,290	$74.2m4.14%	4.14%	Added +15	+15 0.0%
5	APPLE INC COM AAPL	AAPL	200,535	$50.9m2.84%	2.84%	Reduced -29.1k	-29,057 -12.7%
6	EXCHANGE LISTED FDS TR LONG POND REAL E LPRE	LPRE	1,248,951	$32.5m1.81%	1.81%	Added +302.7k	+302,740 32.0%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	50,605	$30.2m1.69%	1.69%	Added +301	+301 0.6%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	83,689	$24.1m1.34%	1.34%	Reduced -2.4k	-2,358 -2.7%
9	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	124,286	$23.9m1.33%	1.33%	Added +173	+173 0.1%
10	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	69,972	$22.4m1.25%	1.25%	Reduced -36.7k	-36,735 -34.4%
11	VANGUARD WORLD FD INF TECH ETF VGT	VGT	31,981	$22.3m1.25%	1.25%	Unchanged
12	MICROSOFT CORP COM MSFT	MSFT	58,811	$21.8m1.21%	1.21%	Reduced -18.3k	-18,349 -23.8%
13	PHILIP MORRIS INTL INC COM PM	PM	127,524	$21.1m1.18%	1.18%	Reduced -11.2k	-11,154 -8.0%
14	KKR & CO INC COM KKR	KKR	210,845	$19.5m1.09%	1.09%	Unchanged
15	SPDR GOLD TR GOLD SHS GLD	GLD	44,526	$19.2m1.07%	1.07%	Added +746	+746 1.7%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	56,523	$16.2m0.90%	0.90%	Reduced -3.6k	-3,567 -5.9%
17	ISHARES TR CORE S&P TTL STK ITOT	ITOT	105,013	$15.0m0.83%	0.83%	Added +33.7k	+33,728 47.3%
18	EXXON MOBIL CORP COM XOM	XOM	73,532	$12.5m0.70%	0.70%	Reduced -394	-394 -0.5%
19	FRANKLIN TEMPLETON ETF TR FRANKLIN INDIA FLIN	FLIN	354,265	$11.8m0.66%	0.66%	New
20	ABBVIE INC COM ABBV	ABBV	53,617	$11.7m0.65%	0.65%	Reduced -629	-629 -1.2%
21	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	22,253	$9.7m0.54%	0.54%	Added +20.5k	+20,513 1178.9%
22	AMAZON COM INC COM AMZN	AMZN	45,378	$9.5m0.53%	0.53%	Reduced -41	-41 -0.1%
23	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	18,737	$9.0m0.50%	0.50%	Added +329	+329 1.8%
24	ISHARES TR MSCI ACWI ETF ACWI	ACWI	63,345	$8.8m0.49%	0.49%	Added +21.8k	+21,779 52.4%
25	JPMORGAN CHASE & CO COM JPM	JPM	28,328	$8.3m0.47%	0.47%	Reduced -1.2k	-1,228 -4.2%
26	WALMART INC COM WMT	WMT	64,133	$8.0m0.44%	0.44%	Reduced -13.8k	-13,791 -17.7%
27	ISHARES TR U.S. TECH ETF IYW	IYW	43,189	$7.8m0.44%	0.44%	Added +2.0k	+2,016 4.9%
28	GOLDMAN SACHS GROUP INC COM GS	GS	8,950	$7.6m0.42%	0.42%	Reduced -260	-260 -2.8%
29	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	53,405	$7.4m0.41%	0.41%	Added +21.5k	+21,499 67.4%
30	JOHNSON & JOHNSON COM JNJ	JNJ	28,499	$7.0m0.39%	0.39%	Reduced -2.1k	-2,097 -6.8%
31	VANGUARD INDEX FDS MID CAP ETF VO	VO	22,637	$6.5m0.36%	0.36%	Reduced -407	-407 -1.8%
32	ALTRIA GROUP INC COM MO	MO	97,814	$6.5m0.36%	0.36%	Reduced -10.0k	-9,951 -9.2%
33	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	82,258	$6.2m0.34%	0.34%	Reduced -1.5k	-1,482 -1.8%
34	ABBOTT LABS COM ABT	ABT	56,375	$5.8m0.32%	0.32%	Added +1.5k	+1,497 2.7%
35	APPLIED MATLS INC COM AMAT	AMAT	16,784	$5.7m0.32%	0.32%	Reduced -2.4k	-2,350 -12.3%
36	BP PLC SPONSORED ADR BP	BP	102,594	$4.8m0.27%	0.27%	Unchanged
37	MATTHEWS INTL FDS INDIA ACTIVE ETF INDE	INDE	184,461	$4.8m0.27%	0.27%	New
38	MASTERCARD INCORPORATED CL A MA	MA	9,507	$4.8m0.27%	0.27%	Added +2	+2 0.0%
39	UNION PAC CORP COM UNP	UNP	19,450	$4.7m0.26%	0.26%	Reduced -38	-38 -0.2%
40	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	74,746	$4.7m0.26%	0.26%	Unchanged
41	KINDER MORGAN INC DEL COM KMI	KMI	130,759	$4.4m0.24%	0.24%	Unchanged
42	ISHARES TR S&P 100 ETF OEF	OEF	13,441	$4.3m0.24%	0.24%	Unchanged
43	MONDELEZ INTL INC CL A MDLZ	MDLZ	70,566	$4.1m0.23%	0.23%	Reduced -10.5k	-10,493 -12.9%
44	ISHARES INC MSCI WORLD ETF URTH	URTH	21,422	$3.9m0.22%	0.22%	Reduced -1.0k	-1,018 -4.5%
45	CHEVRON CORP NEW COM CVX	CVX	18,571	$3.8m0.21%	0.21%	Unchanged
46	META PLATFORMS INC CL A META	META	6,613	$3.8m0.21%	0.21%	Added +524	+524 8.6%
47	ISHARES TR MSCI KLD400 SOC DSI	DSI	29,506	$3.6m0.20%	0.20%	Reduced -13.0k	-12,968 -30.5%
48	ISHARES TR RUS 2000 VAL ETF IWN	IWN	18,449	$3.5m0.20%	0.20%	Unchanged
49	AIRBNB INC COM CL A ABNB	ABNB	26,694	$3.4m0.19%	0.19%	Added +100	+100 0.4%
50	VISA INC COM CL A V	V	10,969	$3.3m0.19%	0.19%	Reduced -345	-345 -3.0%
51	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	23,753	$3.2m0.18%	0.18%	Added +1.3k	+1,300 5.8%
52	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	5,341	$3.1m0.17%	0.17%	Added +1.3k	+1,262 30.9%
53	SHELL PLC SPON ADS SHEL	SHEL	32,890	$3.1m0.17%	0.17%	Unchanged
54	PARKER-HANNIFIN CORP COM PH	PH	3,378	$3.0m0.17%	0.17%	Unchanged
55	DOVER CORP COM DOV	DOV	14,000	$2.9m0.16%	0.16%	Unchanged
56	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	75,489	$2.9m0.16%	0.16%	Reduced -26.6k	-26,647 -26.1%
57	COSTCO WHSL CORP NEW COM COST	COST	2,910	$2.9m0.16%	0.16%	Added +2	+2 0.1%
58	ISHARES TR RUS 2000 GRW ETF IWO	IWO	9,163	$2.9m0.16%	0.16%	Unchanged
59	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	34,780	$2.9m0.16%	0.16%	Unchanged
60	NU HLDGS LTD ORD SHS CL A NU	NU	195,689	$2.8m0.16%	0.16%	Unchanged
61	ARES CAPITAL CORP COM ARCC	ARCC	154,845	$2.8m0.16%	0.16%	Reduced -1.4k	-1,372 -0.9%
62	APOLLO GLOBAL MGMT INC COM APO	APO	23,401	$2.6m0.15%	0.15%	Reduced -1.5k	-1,454 -5.8%
63	CATERPILLAR INC COM CAT	CAT	3,656	$2.6m0.14%	0.14%	Reduced -480	-480 -11.6%
64	FIRST TR NASDAQ 100 TECH IND SHS QTEC	QTEC	11,888	$2.6m0.14%	0.14%	Unchanged
65	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	36,976	$2.6m0.14%	0.14%	Added +300	+300 0.8%
66	DIGIMARC CORP NEW COM COM		517,299	$2.5m0.14%	0.14%	Unchanged
67	COCA COLA CO COM KO	KO	31,906	$2.4m0.14%	0.14%	Reduced -4.0k	-3,994 -11.1%
68	AXIS CAP HLDGS LTD SHS AXS	AXS	23,389	$2.4m0.13%	0.13%	Reduced -3.3k	-3,277 -12.3%
69	MCDONALDS CORP COM MCD	MCD	7,356	$2.3m0.13%	0.13%	Reduced -235	-235 -3.1%
70	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	35,399	$2.3m0.13%	0.13%	Reduced -1.7k	-1,658 -4.5%
71	HOME DEPOT INC COM HD	HD	6,783	$2.2m0.12%	0.12%	Reduced -394	-394 -5.5%
72	MESA LABS INC COM MLAB	MLAB	25,195	$2.2m0.12%	0.12%	Unchanged
73	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$2.2m0.12%	0.12%	Unchanged
74	GE AEROSPACE COM NEW GE	GE	7,195	$2.0m0.11%	0.11%	Reduced -441	-441 -5.8%
75	AMGEN INC COM AMGN	AMGN	5,580	$2.0m0.11%	0.11%	Reduced -1.5k	-1,505 -21.2%
76	TPG INC COM CL A TPG	TPG	44,221	$1.8m0.10%	0.10%	New
77	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	19,298	$1.7m0.10%	0.10%	Reduced -2.7k	-2,703 -12.3%
78	SERVICENOW INC COM NOW	NOW	16,360	$1.7m0.10%	0.10%	Reduced -200	-200 -1.2%
79	ISHARES TR S&P 500 GRWT ETF IVW	IVW	14,574	$1.6m0.09%	0.09%	Unchanged
80	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	33,237	$1.6m0.09%	0.09%	Added +22.4k	+22,404 206.8%
81	ISHARES TR CORE US AGGBD ET AGG	AGG	16,419	$1.6m0.09%	0.09%	Added +1.7k	+1,684 11.4%
82	VANGUARD INDEX FDS VALUE ETF VTV	VTV	8,241	$1.6m0.09%	0.09%	Added +149	+149 1.8%
83	NVIDIA CORPORATION COM NVDA	NVDA	9,042	$1.6m0.09%	0.09%	Reduced -1.5k	-1,544 -14.6%
84	J P MORGAN EXCHANGE TRADED F SHORT DURA CORE JSCP	JSCP	32,962	$1.6m0.09%	0.09%	Reduced -568	-568 -1.7%
85	ELI LILLY & CO COM LLY	LLY	1,641	$1.5m0.08%	0.08%	Added +12	+12 0.7%
86	CUMMINS INC COM CMI	CMI	2,685	$1.4m0.08%	0.08%	Reduced -375	-375 -12.2%
87	SELECT SECTOR SPDR TR ENERGY XLE	XLE	22,961	$1.4m0.08%	0.08%	Added +9.3k	+9,259 67.6%
88	GE VERNOVA INC COM GEV	GEV	1,549	$1.4m0.08%	0.08%	Reduced -218	-218 -12.3%
89	ISHARES TR S&P 500 VAL ETF IVE	IVE	6,352	$1.3m0.07%	0.07%	Unchanged
90	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	13,895	$1.3m0.07%	0.07%	Added +3.1k	+3,148 29.3%
91	CISCO SYS INC COM CSCO	CSCO	16,693	$1.3m0.07%	0.07%	Reduced -3.3k	-3,304 -16.5%
92	RTX CORPORATION COM RTX	RTX	6,639	$1.3m0.07%	0.07%	Reduced -80	-80 -1.2%
93	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,970	$1.3m0.07%	0.07%	Reduced -8.2k	-8,213 -73.4%
94	PROCTER AND GAMBLE CO COM PG	PG	8,751	$1.3m0.07%	0.07%	Reduced -2.7k	-2,695 -23.6%
95	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	11,675	$1.2m0.07%	0.07%	Unchanged
96	CBRE GROUP INC CL A CBRE	CBRE	9,124	$1.2m0.07%	0.07%	Reduced -1.3k	-1,278 -12.3%
97	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	26,410	$1.2m0.07%	0.07%	Unchanged
98	BOEING CO COM BA	BA	5,917	$1.2m0.07%	0.07%	Added +288	+288 5.1%
99	BLACKSTONE INC COM BX	BX	10,097	$1.2m0.06%	0.06%	Reduced -65	-65 -0.6%
100	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	5,697	$1.2m0.06%	0.06%	Reduced -40	-40 -0.7%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
DBX ETF TR ASHR	ASHR	299,180	$9.8m299.2k shares
ISHARES TR DGRO	DGRO	138,391	$9.6m138.4k shares
ISHARES TR IQLT	IQLT	85,430	$3.9m85.4k shares
VANGUARD STAR FDS VXUS	VXUS	50,027	$3.8m50.0k shares
VANGUARD MALVERN FDS VTIP	VTIP	46,632	$2.3m46.6k shares
SELECT SECTOR SPDR TR XLV	XLV	8,863	$1.4m8.9k shares
SNOWFLAKE INC SNOW	SNOW	5,926	$1.3m5.9k shares
IQVIA HLDGS INC IQV	IQV	4,105	$925.3k4.1k shares
VANGUARD WORLD FD VFH	VFH	6,530	$871.7k6.5k shares
GRAIL INC GRAL	GRAL	10,001	$856.0k10.0k shares
HOST HOTELS & RESORTS INC HST	HST	35,002	$620.6k35.0k shares
ISHARES TR QUAL	QUAL	2,944	$584.7k2.9k shares
MORGAN STANLEY ETF TRUST CVMC	CVMC	8,796	$564.1k8.8k shares
VANGUARD WORLD FD VIS	VIS	1,861	$555.3k1.9k shares
BROOKFIELD CORP BN	BN	10,125	$464.6k10.1k shares
IRIDIUM COMMUNICATIONS INC IRDM	IRDM	22,809	$396.4k22.8k shares
COMCAST CORP NEW CMCSA	CMCSA	13,036	$389.6k13.0k shares
ISHARES TR IEFA	IEFA	4,283	$383.2k4.3k shares
VERIZON COMMUNICATIONS INC VZ	VZ	9,357	$381.1k9.4k shares
BROOKFIELD BUSINESS PARTNERS		10,277	$361.8k10.3k shares
ATLASSIAN CORPORATION TEAM	TEAM	2,229	$361.4k2.2k shares
CARVANA CO CVNA	CVNA	787	$332.1k787 shares
ASML HOLDING N V ASML	ASML	304	$325.2k304 shares
MERCADOLIBRE INC MELI	MELI	142	$286.0k142 shares
UNITEDHEALTH GROUP INC UNH	UNH	849	$280.3k849 shares