Luther King Capital Management Corporation
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 110093
· SEC file 801-14458
· Fort Worth, TX
· WWW.LKCM.COM
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ADV data as of Jun 24, 2026
- Regulatory AUM
- $31.5B
- Discretionary
- $31.3B
- Clients
- 3,526
- Avg AUM / client
- $8.9M
- Accounts
- 3,526
- Employees
- 110
AUM over time
$9.6B
$31.5B
Mar 2012
Mar 2026
Annual snapshots from Form ADV filings · as of Jun 24, 2026
Asset allocation (SMA assets by investment type)
as of Jun 24, 2026
Exchange-traded equities
$25.2B
80%
Cash & equivalents
$1.9B
6%
State & local bonds
$1.6B
5%
Investment-grade corporate bonds
$1.3B
4%
US government & agency bonds
$945M
3%
Non-exchange-traded equities
$315M
1%
Registered investment companies (funds/ETFs)
$315M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 601 positions, $23,147,905,365)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Apple Inc | COM | $1,423,110,608 | 5,607,434 | 6.15% | 4.52% |
| 2 | Nvidia Corp | COM | $1,170,854,756 | 6,713,617 | 5.06% | 3.72% |
| 3 | Microsoft Corp | COM | $1,076,085,824 | 2,907,004 | 4.65% | 3.42% |
| 4 | Distribution Solutions Grp I | COM | $1,072,548,846 | 36,357,588 | 4.63% | 3.4% |
| 5 | Amazon Com Inc | COM | $697,324,407 | 3,348,175 | 3.01% | 2.21% |
| 6 | Alphabet Inc Class A | COM | $692,812,425 | 2,409,280 | 2.99% | 2.2% |
| 7 | Alphabet Inc Class C | COM | $686,477,352 | 2,393,075 | 2.97% | 2.18% |
| 8 | Jp Morgan Chase & Co | COM | $508,956,181 | 1,730,202 | 2.2% | 1.62% |
| 9 | Broadcom Inc | COM | $460,833,060 | 1,488,912 | 1.99% | 1.46% |
| 10 | Home Depot Inc | COM | $401,525,701 | 1,220,851 | 1.73% | 1.27% |
| 11 | Martin Marietta Matls Inc | COM | $392,485,907 | 666,722 | 1.7% | 1.25% |
| 12 | Bank Of America Corporation | COM | $357,809,644 | 7,339,685 | 1.55% | 1.14% |
| 13 | Thermo Fisher Scientific Inc | COM | $348,737,586 | 709,494 | 1.51% | 1.11% |
| 14 | Oracle Corp | COM | $336,002,329 | 2,284,021 | 1.45% | 1.07% |
| 15 | Teledyne Technologies Inc | COM | $319,025,403 | 527,306 | 1.38% | 1.01% |
| 16 | Cintas Corp | COM | $289,865,366 | 1,713,760 | 1.25% | 0.92% |
| 17 | Coca Cola Co | COM | $287,586,269 | 3,781,542 | 1.24% | 0.91% |
| 18 | Conocophillips | COM | $276,868,978 | 2,097,492 | 1.2% | 0.88% |
| 19 | Visa Inc | COM CL A | $273,476,424 | 904,832 | 1.18% | 0.87% |
| 20 | Exxon Mobil Corp | COM | $271,343,555 | 1,599,337 | 1.17% | 0.86% |
| 21 | Trimble Navigation Ltd | COM | $263,160,716 | 4,034,351 | 1.14% | 0.84% |
| 22 | Emerson Elec Co | COM | $261,211,036 | 1,993,673 | 1.13% | 0.83% |
| 23 | Danaher Corp Del | COM | $247,574,986 | 1,305,775 | 1.07% | 0.79% |
| 24 | Linde Plc | COM | $244,766,143 | 493,719 | 1.06% | 0.78% |
| 25 | Ecolab Inc | COM | $243,329,558 | 914,704 | 1.05% | 0.77% |
Top 25 of 601 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 216 | $36.6M | 0.12% |
| High net worth individuals | 2,304 | $11.3B | 35.7% |
| Investment companies | 7 | $1.4B | 4.37% |
| Pooled investment vehicles (non-investment companies) | 18 | $6.0B | 19.1% |
| Pension and profit sharing plans | 38 | $658M | 2.09% |
| Charitable organizations | 232 | $4.9B | 15.5% |
| State or municipal government entities | 5 | $322M | 1.02% |
| Other investment advisers | 486 | $2.7B | 8.42% |
| Insurance companies | 1 | $41.0M | 0.13% |
| Corporations and other businesses | 219 | $4.2B | 13.5% |
Private funds (16)
View all →Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $6.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Lkcm Investment Partnership, L.P. | Hedge Fund | Texas | $1.5B | 193 |
| Lkcm Headwater Investments Iii, L.P. | Private Equity Fund | Delaware | $1.3B | 276 |
| Lkcm Headwater Investments Iv, L.P. | Private Equity Fund | Delaware | $1.1B | 404 |
| Lkcm Headwater Investments Ii, L.P. | Private Equity Fund | Delaware | $783M | 203 |
| Lkcm Private Discipline Master Fund, Spc master | Hedge Fund | Cayman Islands | $643M | 138 |
| Lkcm Headwater Ii Sidecar Partnership, L.P. | Private Equity Fund | Delaware | $395M | 87 |
| Lkcm Headwater Pm Co Investment Partnership, L.P. | Private Equity Fund | Delaware | $318M | 210 |
| Lkcm Headwater Investments I, L.P. | Private Equity Fund | Delaware | $306M | 109 |
| Lkcm Investment Partnership Ii, L.P. | Hedge Fund | Texas | $57.1M | 45 |
| Lkcm Technology Partnership, L.P. | Hedge Fund | Delaware | $38.3M | 65 |
| Lkcm Headwater Il Co Investment Partnership, L.P. | Private Equity Fund | Delaware | $22.0M | 58 |
| Lkcm Radio Group, L.P. | Private Equity Fund | Texas | $17.1M | 42 |
| Lkcm International Equity, L.P. | Hedge Fund | Delaware | $15.8M | 21 |
| Lkcm Headwater Intuity Co Investment Partnership, L.P. | Private Equity Fund | Delaware | $11.2M | 70 |
| Lkcm Micro Cap Partnership, L.P. | Hedge Fund | Delaware | $10.6M | 12 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Dallas Southwest Osteopathic Physicians Inc EIN 751039306 | Dallas, TX | 12/31/2024 |
| First Methodist Church Of Fort Worth Foundation Inc EIN 756042162 | Fort Worth, TX | 12/31/2024 |
| Salesmanship Club Foundation EIN 752439715 | Dallas, TX | 10/31/2024 |
| Moncrief Cancer Foundation EIN 752429817 | Dallas, TX | 08/31/2024 |
| Arkansas Childrens Foundation EIN 710568795 | Little Rock, AR | 06/30/2024 |
| Texas Bar Foundation EIN 746074796 | Austin, TX | 05/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Martin Sprocket & Gear, Inc. Employees Profit Sharing Trust Martin Sprocket & Gear, Inc. | 2024 | |
| Foley & Lardner Llp Defined Contribution Retirement Plan Foley & Lardner Llp | 2024 | |
| Bass Retirement Plan Bepco, L.P. | 2024 | |
| Arkansas Chapter Neca Ibew Retirement Plan Arkansas Chapter Neca Ibew Retirement Plan | 2024 | |
| Locke Lord Llp Retirement Savings Plan Locke Lord Llp | 2024 | |
| The C. D. Hartnett Company Employees Profit Sharing Plan Mclane Express, Inc. | 2024 | |
| Retirement Plan For Employees Of King Ranch, Inc. King Ranch, Inc. | 2024 |
People (36)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| John Luther King | President, Chief Executive Officer, Principal | CFA | Jan 1979 (48y) | 50% – 75% of Beneficial Owner Through Ownership Of Stock Of Southwest Jlk Corporation (indirect) |
| King, Teresa, Ann | Beneficial Owner, Community Property Interest | Feb 1983 (44y) | 50% – 75% of Beneficial Owner Through Ownership Of Stock Of Southwest Jlk Corporation (indirect) | |
| Jacob Daniel Smith | Principal & General Counsel | Jul 2006 (20y) | Less than 5% | |
| Nikiforova, Anna, Valeryevna | Vice President & Chief Compliance Officer | Mar 2022 (4y) | Less than 5% | |
| David Lee Dowler | Registered representative | Jan 1992 (35y) | ||
| Paul Warren Greenwell | Registered representative | Jan 1992 (35y) | ||
| Scot Charles Hollmann | Registered representative | CFA | Jan 1992 (35y) | |
| Joan Marie Maynard | Registered representative | Mar 1993 (33y) | ||
| Gary Griffith Walsh | Registered representative | CFA | Dec 2001 (25y) | |
| Mark Lehane Johnson | Registered representative | CFA Chartered Investment Counselor | Apr 2002 (24y) | |
| John Bryan King | Registered representative | CFA | Mar 2006 (20y) | |
| Richard M Kleberg | Registered representative | May 2011 (15y) | ||
| Tobin Rice Calvert | Registered representative | May 2011 (15y) | ||
| Mark Musgrave Johnson | Registered representative | May 2011 (15y) | ||
| Frederick Bramlette Labatt | Registered representative | CFA | Nov 2012 (14y) | |
| Ira Craig Hester | Registered representative | CFA Chartered Investment Counselor | Jan 2013 (14y) | |
| Jeremy Allen Blackman | Registered representative | CFA | Jan 2013 (14y) | |
| John E Gunthorp | Registered representative | CFA Chartered Investment Counselor | Jan 2013 (14y) | |
| Scott Alan Neuendorf | Registered representative | CFA | Jan 2013 (14y) | |
| Jonathan Bentley Deweese | Registered representative | CFA | Apr 2013 (13y) | |
| Mason Daniel King | Registered representative | CFA | Apr 2013 (13y) | |
| Richard T Truitt | Registered representative | CFA | Apr 2013 (13y) | |
| David Michael Lehmann | Registered representative | CFA | Jun 2013 (13y) | |
| Michael Clayton Yeager | Registered representative | CFA | Jun 2013 (13y) | |
| David Daniell May | Registered representative | CFA | Aug 2013 (13y) | |
| Minor Bradley Wallace | Registered representative | CFA | Jul 2014 (12y) | |
| Andrew David Zacharias | Registered representative | CFA | Jul 2014 (12y) | |
| Daniel Christopher Downes | Registered representative | CFA | Oct 2014 (12y) | |
| Alan Albert Ives | Registered representative | CFA | Jul 2015 (11y) | |
| Brittny Groce Allred | Registered representative | CFA | Aug 2015 (11y) | |
| Jayme Diane Russell | Registered representative | Nov 2021 (5y) | ||
| Juan Antonio Landa | Registered representative | Jan 2022 (5y) | ||
| Norris Robert Mcclane | Registered representative | Jan 2022 (5y) | ||
| Susan Bowden Gomez | Registered representative | CFP | Sep 2023 (3y) | |
| Michael A Nance | Registered representative | CFA | Sep 2024 (2y) | |
| Kurt Monier Steves | Registered representative | Nov 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Southwest Jlk Corporation | Shareholder | Feb 1983 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (16, $6.5B gross assets)
From Form ADV Section 7.B private fund reporting.
Retirement plans served (7)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Martin Sprocket & Gear, Inc. Employees Profit Sharing Trust | Martin Sprocket & Gear, Inc. | 1,703 | $226M | 07/01/2024 |
| Foley & Lardner Llp Defined Contribution Retirement Plan | Foley & Lardner Llp | 2,109 | $1.7B | 02/01/2024 |
| Bass Retirement Plan | Bepco, L.P. | 327 | $303M | 01/01/2024 |
| Arkansas Chapter Neca Ibew Retirement Plan | Arkansas Chapter Neca Ibew Retirement Plan | 1,436 | $303M | 01/01/2024 |
| Locke Lord Llp Retirement Savings Plan | Locke Lord Llp | 844 | $892M | 01/01/2024 |
| The C. D. Hartnett Company Employees Profit Sharing Plan | Mclane Express, Inc. | 127 | $5.6M | 01/01/2024 |
| Retirement Plan For Employees Of King Ranch, Inc. | King Ranch, Inc. | 153 | $44.0M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (6)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Dallas Southwest Osteopathic Physicians Inc | Public charity | $50.5M | 12/31/2024 |
| First Methodist Church Of Fort Worth Foundation Inc | Public charity | $101M | 12/31/2024 |
| Salesmanship Club Foundation | Public charity | $191M | 10/31/2024 |
| Moncrief Cancer Foundation | Public charity | $102M | 08/31/2024 |
| Arkansas Childrens Foundation | Public charity | $577M | 06/30/2024 |
| Texas Bar Foundation | Public charity | $44.4M | 05/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/24/2026 | 5.06 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $11.5B (36% of AUM) Jun 2026
- Frost National Bank $3.0B (9% of AUM) Jun 2026
- J.P. Morgan $1.4B (8% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 24, 2026.
View current Form ADV (SEC/IAPD) ↗