# EDGAR Filing Document

**Accession Number:** 0000918942
**File Stem:** 0000894189-26-014404
**Filing Date:** 2026-5
**Character Count:** 28488
**Document Hash:** 18d489b642750f4cee02f8ca6b351bea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014404.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0000894189-26-014404

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LKCM Funds
- **CENTRAL INDEX KEY:** 0000918942

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08352
- **FILM NUMBER:** 26942019

**BUSINESS ADDRESS:**
- **STREET 1:** 301 COMMERCE
- **STREET 2:** SUITE 1600
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102
- **BUSINESS PHONE:** 817-332-3235

**MAIL ADDRESS:**
- **STREET 1:** 301 COMMERCE
- **STREET 2:** SUITE 1600
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** U.S. Bancorp Fund Services, LLC
- **DATE OF NAME CHANGE:** 20040819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LKCM FUND
- **DATE OF NAME CHANGE:** 19940211

## Series and Classes Contracts Data

### LKCM Equity Fund (Series ID: S000004608)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000012576 | LKCM Equity Fund | LKEQX           |

## Nport-Ex

**LKCM Equity Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 100.1%** | **Shares** | **Value** |
|  **Aerospace & Defense - 6.0%** |  |  |
|  BWX Technologies, Inc. | 42000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8588580 |
|  FTAI Aviation Ltd. | 50000 | 12250000 |
|  RTX Corp. | 24000 | 4629600 |
|  TransDigm Group, Inc. | 3000 | 3476880 |
|  |  | 28945060 |
|  **Banks - 4.9%** |  |  |
|  Bank of America Corp. | 180000 | 8775000 |
|  JPMorgan Chase & Co. | 50000 | 14708000 |
|  |  | 23483000 |
|  **Beverages - 1.5%** |  |  |
|  Coca-Cola Co. | 95000 | 7224750 |
|  **Biotechnology - 2.0%** |  |  |
|  Amgen, Inc. | 28000 | 9851800 |
|  **Broadline Retail - 1.6%** |  |  |
|  Amazon.com, Inc. <sup>(a)</sup> | 38000 | 7914260 |
|  **Chemicals - 5.3%** |  |  |
|  Ecolab, Inc. | 55000 | 14631100 |
|  Linde PLC | 22000 | 10906720 |
|  |  | 25537820 |
|  **Commercial Services & Supplies - 5.9%** |  |  |
|  Cintas Corp. | 64000 | 10824960 |
|  Tetra Tech, Inc. | 100000 | 3012000 |
|  Waste Connections, Inc. | 90000 | 14619600 |
|  |  | 28456560 |
|  **Construction & Engineering - 4.1%** |  |  |
|  Fluor Corp. <sup>(a)</sup> | 125000 | 5831250 |
|  Valmont Industries, Inc. | 35000 | 13984950 |
|  |  | 19816200 |
|  **Construction Materials - 2.2%** |  |  |
|  Martin Marietta Materials, Inc. | 18000 | 10596240 |
|  **Electrical Equipment - 3.4%** |  |  |
|  Emerson Electric Co. | 75000 | 9826500 |
|  Generac Holdings, Inc. <sup>(a)</sup> | 35000 | 6836550 |
|  |  | 16663050 |
|  **Electronic Equipment, Instruments & Components - 3.1%** |  |  |
|  Teledyne Technologies, Inc. <sup>(a)</sup> | 25000 | 15125250 |
|  **Entertainment - 0.7%** |  |  |
|  Netflix, Inc. <sup>(a)</sup> | 35000 | 3365250 |
|  **Financial Services - 1.6%** |  |  |
|  Mastercard, Inc. - Class A | 15000 | 7494900 |
|  **Health Care Equipment & Supplies - 2.1%** |  |  |
|  Alcon AG | 60000 | 4521000 |
|  Stryker Corp. | 17000 | 5586030 |
|  |  | 10107030 |
|  **Household Products - 0.9%** |  |  |
|  Procter & Gamble Co. | 30000 | 4333200 |

---

------

---

| | | |
|:---|:---|:---|
|  **Interactive Media & Services - 6.5%** |  |  |
|  Alphabet, Inc. - Class A | 110000 | 31631600 |
|  **Life Sciences Tools & Services - 0.9%** |  |  |
|  Thermo Fisher Scientific, Inc. | 9000 | 4423770 |
|  **Machinery - 4.7%** |  |  |
|  Franklin Electric Co., Inc. | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7834450 |
|  Toro Co. | 80000 | 7475200 |
|  Xylem, Inc. | 60000 | 7170000 |
|  |  | 22479650 |
|  **Marine Transportation - 2.3%** |  |  |
|  Kirby Corp. <sup>(a)</sup> | 85000 | 11294800 |
|  **Metals & Mining - 1.5%** |  |  |
|  Wheaton Precious Metals Corp. | 55000 | 7205550 |
|  **Oil, Gas & Consumable Fuels - 10.3%** |  |  |
|  Cameco Corp. | 90000 | 9774900 |
|  Chevron Corp. | 42500 | 8793250 |
|  ConocoPhillips Co. | 100000 | 13200000 |
|  Coterra Energy, Inc. | 384000 | 13493760 |
|  Range Resources Corporation | 100000 | 4518000 |
|  |  | 49779910 |
|  **Pharmaceuticals - 2.1%** |  |  |
|  Johnson & Johnson | 30000 | 7333200 |
|  Pfizer Inc. | 100000 | 2808000 |
|  |  | 10141200 |
|  **Semiconductors & Semiconductor Equipment - 5.1%** |  |  |
|  NVIDIA Corp. | 140000 | 24416000 |
|  **Software - 10.8%** |  |  |
|  Microsoft Corp. | 70000 | 25911900 |
|  Oracle Corp. | 102935 | 15142768 |
|  Trimble, Inc. <sup>(a)</sup> | 170000 | 11089100 |
|  |  | 52143768 |
|  **Specialty Retail - 5.1%** |  |  |
|  Academy Sports & Outdoors, Inc. | 90000 | 5080500 |
|  O'Reilly Automotive, Inc. <sup>(a)</sup> | 120000 | 11077200 |
|  The Home Depot, Inc. | 26500 | 8715585 |
|  |  | 24873285 |
|  **Technology Hardware, Storage & Peripherals - 4.7%** |  |  |
|  Apple Inc. | 90000 | 22841100 |
|  **Trading Companies & Distributors - 0.8%** |  |  |
|  United Rentals, Inc. | 5305 | 3865010 |
|  **TOTAL COMMON STOCKS** (Cost $213,490,657) | **TOTAL COMMON STOCKS** (Cost $213,490,657) | 484010013 |
|  **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.1%** | **Shares** | **Value** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58% <sup>(b)</sup> | 512988 | 512988 |
|  **TOTAL MONEY MARKET FUNDS** (Cost $512,988) | **TOTAL MONEY MARKET FUNDS** (Cost $512,988) | 512988 |
|  **TOTAL INVESTMENTS - 100.2% (**Cost $214,003,645**)** | **TOTAL INVESTMENTS - 100.2% (**Cost $214,003,645**)** | 484523001 |
|  Liabilities in Excess of Other Assets - (0.2)% | Liabilities in Excess of Other Assets - (0.2)% | (867716) |
|  **TOTAL NET ASSETS - 100.0%** |  | $483655285 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

------

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

**Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)** 

LKCM Equity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp; Common Stocks | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484010013 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484010013 |
| &nbsp;&nbsp; Money Market Funds | 512988 |  |  | 512988 |
|  Total Investments | $484523001 | $– | $– | $484523001 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

---

| | | |
|:---|:---|:---|
| **Sector Classification as of March 31, 2026** | **Sector Classification as of March 31, 2026** | |
| (% of Net Assets) | (% of Net Assets) |  |
|  Industrials | $131520330 | 27.2% |
|  Information Technology | 114526118 | 23.7 |
|  Energy | 49779910 | 10.3 |
|  Materials | 43339610 | 9.0 |
|  Communication Services | 34996850 | 7.2 |
|  Health Care | 34523800 | 7.1 |
|  Consumer Discretionary | 32787545 | 6.7 |
|  Financials | 30977900 | 6.5 |
|  Consumer Staples | 11557950 | 2.4 |
|  Money Market Funds | 512988 | 0.1 |
|  Liabilities in Excess of Other Assets | (867716) | (0.2) |
|  | $**483655285** | **100.0%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LKCM Funds

- **b. Investment Company Act file number:** 811-08352

- **c. CIK number of Registrant:** 0000918942

- **d. LEI of Registrant:** 549300P4U5XLVM1D1Z46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 301 Commerce Street

  - **City:** Fort Worth

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 76102

  - **Telephone number:** 800-423-6369

**Item A.2. Information about the Series.**

- **a. Name of Series:** LKCM Equity Fund

- **b. EDGAR series identifier (if any):** S000004608

- **c. LEI of Series:** 549300Z17NYEXH106F16

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $484817131.63

**Total Liabilities:** $1059985.66

**Net Assets:** $483757145.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012576 | 4.04%                | 1.28%                | -6.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14862649.91             | $5690932.71                                |
| Month 2  | $-901806.00              | $7237928.40                                |
| Month 3  | $290119.74               | $-31731394.31                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Stryker Corp                   | Stryker Corp                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     17000 | NS      | $5586030.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc       | Franklin Electric Co Inc              | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     85000 | NS      | $7834450.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                     | Fluor Corp                            | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    125000 | NS      | $5831250.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    512988 | NS      | $512987.62    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |    170000 | NS      | $11089100.00  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    110000 | NS      | $31631600.00  | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42500 | NS      | $8793250.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     35000 | NS      | $3365250.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc               | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    120000 | NS      | $11077200.00  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp                  | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    100000 | NS      | $4518000.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech Inc                        | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |    100000 | NS      | $3012000.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      9000 | NS      | $4423770.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                           | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     80000 | NS      | $7475200.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     60000 | NS      | $7170000.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                       | Alcon AG                              | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     60000 | NS      | $4521000.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors Inc         | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     90000 | NS      | $5080500.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     70000 | NS      | $25911900.00  | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    102935 | NS      | $15142767.85  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                   | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $3476880.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      5305 | NS      | $3865010.80   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc                | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     35000 | NS      | $13984950.00  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                 | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     90000 | NS      | $14619600.00  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc           | Generac Holdings Inc                  | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     35000 | NS      | $6836550.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     26500 | NS      | $8715585.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                     | Kirby Corp                            | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     85000 | NS      | $11294800.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc             | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     25000 | NS      | $15125250.00  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     30000 | NS      | $4333200.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     90000 | NS      | $22841100.00  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                           | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     90000 | NS      | $9774900.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                            | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     55000 | NS      | $14631100.00  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                             | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |     22000 | NS      | $10906720.00  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     95000 | NS      | $7224750.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    100000 | NS      | $13200000.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     50000 | NS      | $14708000.00  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc         | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     18000 | NS      | $10596240.00  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    100000 | NS      | $2808000.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                  | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     42000 | NS      | $8588580.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     30000 | NS      | $7333200.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     24000 | NS      | $4629600.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     55000 | NS      | $7205550.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd              | FTAI Aviation Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50000 | NS      | $12250000.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     28000 | NS      | $9851800.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    180000 | NS      | $8775000.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                    | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    384000 | NS      | $13493760.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                           | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64000 | NS      | $10824960.00  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                   | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     75000 | NS      | $9826500.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     15000 | NS      | $7494900.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    140000 | NS      | $24416000.00  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     38000 | NS      | $7914260.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-05

**Name of Applicant:** LKCM Funds

**Signature:** /s/ Jacob D. Smith

**Name of Signer:** LKCM Funds

**Title:** Chief Financial Officer