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Fulton Breakefield Broenniman, LLC
Michael J. Mussio · Investment Advisor · Growth
Fulton Breakefield Broenniman, LLC, operating as FBB Capital Partners, is an independent registered investment advisor headquartered in Bethesda, Maryland. Founded in 1999, the firm provides comprehensive wealth management and financial planning services to high-net-worth individuals, families, and institutional clients. FBB Capital Partners is known for its disciplined approach to investment management, offering several distinct strategies including growth, core, income, and ESG-focused portfolios. With a commitment to fiduciary standards, the firm specializes in creating tailored financial solutions designed to sustain and grow client wealth across multiple generations.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +17.4% |
| YTD return | +10.6% |
| Sharpe ratio | 3.88 |
| Win rate | 44% |
| AUM | $0.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://fbbcapitalpartners.com/ |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AAPL | Apple Inc | 11.7% | +27.7% |
| MSFT | Microsoft Corporation | 11.1% | -2.2% |
| GOOGL | Alphabet Inc Class A | 10.3% | +35.4% |
| NVDA | NVIDIA Corporation | 9.0% | +12.5% |
| TSM | Taiwan Semiconductor Manufacturing | 8.6% | +40.9% |
| AMZN | Amazon.com Inc | 7.5% | +10.5% |
| LLY | Eli Lilly and Company | 4.9% | +30.7% |
| HWM | Howmet Aerospace Inc | 4.4% | +8.8% |
| V | Visa Inc. Class A | 3.6% | +6.3% |
| ASML | ASML Holding NV ADR | 3.5% | +42.4% |
| AVGO | Broadcom Inc | 3.5% | -14.9% |
| BRK-A | Berkshire Hathaway Inc | 3.2% | +7.6% |
| LIN | Linde plc Ordinary Shares | 2.8% | -1.5% |
| JPM | JPMorgan Chase & Co | 2.7% | +11.2% |
| TJX | The TJX Companies Inc | 2.5% | -12.8% |
| LOW | Lowe's Companies Inc | 2.2% | -22.0% |
| ABBV | AbbVie Inc | 2.1% | -0.7% |
| PGR | Progressive Corp | 2.1% | -2.7% |
| UNH | UnitedHealth Group Incorporated | 2.1% | -0.2% |
| APO | Apollo Global Management LLC Class A | 2.1% | -11.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 24, 2026 | BUY | HWM | 4.4% → 4.4% |
| Aug 24, 2026 | BUY | APO | 2.1% → 2.1% |
| Aug 24, 2026 | SELL | AXP | 2.0% → 0.0% |
| Aug 24, 2026 | SELL | GOOGL | 10.2% → 10.3% |
| Aug 24, 2026 | SELL | MSFT | 11.1% → 11.1% |
Investment Style Analysis
Fulton Breakefield Broenniman, LLC is widely recognized for employing a Growth strategy. As of Sep 18, 2026, the firm oversees approximately $0.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Consumer Electronics sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 24, Fulton Breakefield Broenniman, LLC made a significant move by increasing exposure to HWM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
FBB Capital Partners employs a fundamental-driven investment philosophy centered on long-term capital appreciation and wealth preservation. The firm's strategy primarily focuses on mid to large-cap U.S. equities, targeting high-quality companies characterized by robust balance sheets, sustainable competitive advantages, and improving profit margins. As a fiduciary and fee-only advisor, the institution emphasizes unbiased, customized portfolio construction and proactive risk management to align with the specific financial goals and time horizons of its clients.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Fulton Breakefield Broenniman, LLC.
Similar Investment Style
Based on Growth.
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Frequently asked questions
How is the simulated portfolio for Fulton Breakefield Broenniman, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Fulton Breakefield Broenniman, LLC's largest holding?
As of the latest filing, Fulton Breakefield Broenniman, LLC's top position is Apple Inc (AAPL), representing 11.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Fulton Breakefield Broenniman, LLC's historical performance and risk profile?
Our simulation indicates a total return of +17.4% with a win rate of 44%. Notably, the portfolio maintains a Sharpe Ratio of 3.88, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Fulton Breakefield Broenniman, LLC primarily invest in?
Fulton Breakefield Broenniman, LLC has a strong preference for the Semiconductors sector, which makes up 21.0% of their disclosed assets. The portfolio also has exposure to Consumer Electronics, indicating a specific thematic focus.
Is Fulton Breakefield Broenniman, LLC's portfolio concentrated or diversified?
Fulton Breakefield Broenniman, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 33.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Fulton Breakefield Broenniman, LLC performed in 2026?
Our AI-simulated model portfolio for Fulton Breakefield Broenniman, LLC tracks a Year-to-Date (YTD) return of +10.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Michael J. Mussio manage Fulton Breakefield Broenniman, LLC directly?
Yes, Michael J. Mussio serves as the key portfolio manager for Fulton Breakefield Broenniman, LLC, overseeing the investment strategy and final capital allocation decisions.