# EDGAR Filing Document

**Accession Number:** 0000918942
**File Stem:** 0000894189-26-014409
**Filing Date:** 2026-5
**Character Count:** 41427
**Document Hash:** fd3b9236bccdee7dc05f96c93594143f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014409.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0000894189-26-014409

**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:** 26942024

**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 Small Cap Equity Fund (Series ID: S000004604)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000012571 | LKCM Small Cap Equity Fund | LKSCX           |

## Nport-Ex

**LKCM Small Cap Equity Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 95.4%** | **Shares** | **Value** |
|  **Aerospace & Defense - 2.8%** |  |  |
|  Karman Holdings, Inc. <sup>(a)</sup> | 60000 | $&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;4803000 |
|  Mercury Systems, Inc. <sup>(a)</sup> | 60778 | 4431324 |
|  |  | 9234324 |
|  **Banks - 8.1%** |  |  |
|  Cullen/Frost Bankers, Inc. | 29615 | 4059624 |
|  First Financial Bankshares, Inc. | 126194 | 3716413 |
|  Glacier Bancorp, Inc. | 71613 | 3198953 |
|  Hilltop Holdings, Inc. | 72049 | 2580795 |
|  Home BancShares, Inc. | 162789 | 4383908 |
|  UMB Financial Corp. | 34624 | 3905241 |
|  Webster Financial Corp. | 64812 | 4499249 |
|  |  | 26344183 |
|  **Beverages - 3.2%** |  |  |
|  Primo Brands Corp. | 246108 | 4634214 |
|  Vita Coco Co., Inc. <sup>(a)</sup> | 121260 | 5809566 |
|  |  | 10443780 |
|  **Biotechnology - 1.2%** |  |  |
|  Halozyme Therapeutics, Inc. <sup>(a)</sup> | 60000 | 3877800 |
|  **Broadline Retail - 1.1%** |  |  |
|  Ollie's Bargain Outlet Holdings, Inc. <sup>(a)</sup> | 38884 | 3578883 |
|  **Building Products - 2.4%** |  |  |
|  AAON, Inc. | 48412 | 4006093 |
|  CSW Industrials, Inc. | 15197 | 3960034 |
|  |  | 7966127 |
|  **Capital Markets - 3.5%** |  |  |
|  Donnelley Financial Solutions, Inc. <sup>(a)</sup> | 79644 | 3754418 |
|  Miami International Holdings, Inc. <sup>(a)</sup> | 74438 | 2897127 |
|  Piper Sandler Cos. | 61352 | 4696496 |
|  |  | 11348041 |
|  **Chemicals - 1.4%** |  |  |
|  Hawkins, Inc. | 29362 | 4510003 |
|  **Commercial Services & Supplies - 1.0%** |  |  |
|  Casella Waste Systems, Inc. - Class A <sup>(a)</sup> | 40924 | 3246910 |
|  **Communications Equipment - 5.9%** |  |  |
|  Ciena Corporation <sup>(a)</sup> | 22078 | 8571342 |
|  Lumentum Holdings, Inc. <sup>(a)</sup> | 14911 | 10478854 |
|  |  | 19050196 |
|  **Construction Materials - 0.8%** |  |  |
|  Eagle Materials, Inc. | 14319 | 2712735 |
|  **Consumer Finance - 1.7%** |  |  |
|  FirstCash Holdings, Inc. | 29091 | 5469108 |
|  **Diversified Consumer Services - 1.1%** |  |  |
|  OneSpaWorld Holdings Ltd. | 155857 | 3576918 |
|  **Electrical Equipment - 1.0%** |  |  |
|  Generac Holdings, Inc. <sup>(a)</sup> | 16020 | 3129187 |

---

------

---

| | | |
|:---|:---|:---|
|  **Electronic Equipment, Instruments & Components - 2.0%** |  |  |
|  Rogers Corp. <sup>(a)</sup> | 61450 | &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;6595429 |
|  **Energy Equipment & Services - 2.9%** |  |  |
|  Archrock, Inc. | 173006 | 6020609 |
|  WaterBridge Infrastructure LLC - Class A | 125000 | 3348750 |
|  |  | 9369359 |
|  **Financial Services - 0.7%** |  |  |
|  NCR Atleos Corp. <sup>(a)</sup> | 53199 | 2318412 |
|  **Food Products - 0.8%** |  |  |
|  Utz Brands, Inc. | 326524 | 2586070 |
|  **Health Care Equipment & Supplies - 2.9%** |  |  |
|  Alphatec Holdings, Inc. <sup>(a)</sup> | 470000 | 5113600 |
|  Merit Medical Systems, Inc. <sup>(a)</sup> | 44000 | 3032920 |
|  TransMedics Group, Inc. <sup>(a)</sup> | 14415 | 1432995 |
|  |  | 9579515 |
|  **Health Care Providers & Services - 3.9%** |  |  |
|  Addus HomeCare Corp. <sup>(a)</sup> | 30146 | 2823173 |
|  Ensign Group, Inc. | 30289 | 6103233 |
|  HealthEquity, Inc. <sup>(a)</sup> | 44387 | 3709422 |
|  |  | 12635828 |
|  **Health Care Technology - 1.5%** |  |  |
|  Phreesia, Inc. <sup>(a)</sup> | 191952 | 1608558 |
|  Waystar Holding Corp. <sup>(a)</sup> | 136923 | 3301213 |
|  |  | 4909771 |
|  **Hotels, Restaurants & Leisure - 1.4%** |  |  |
|  Kura Sushi USA, Inc. - Class A <sup>(a)</sup> | 28613 | 1996901 |
|  Wingstop, Inc. | 15616 | 2420012 |
|  |  | 4416913 |
|  **Insurance - 2.2%** |  |  |
|  Goosehead Insurance, Inc. - Class A <sup>(a)</sup> | 63076 | 2690822 |
|  Palomar Holdings, Inc. <sup>(a)</sup> | 36545 | 4367128 |
|  |  | 7057950 |
|  **Leisure Products - 1.5%** |  |  |
|  Mattel, Inc. <sup>(a)</sup> | 344314 | 5002882 |
|  **Life Sciences Tools & Services - 4.0%** |  |  |
|  Avantor, Inc. <sup>(a)</sup> | 238449 | 1869440 |
|  Charles River Laboratories International, Inc. <sup>(a)</sup> | 30122 | 5196045 |
|  Medpace Holdings, Inc. <sup>(a)</sup> | 12487 | 5996133 |
|  |  | 13061618 |
|  **Machinery - 8.5%** |  |  |
|  Alamo Group, Inc. | 19787 | 3264261 |
|  CECO Environmental Corp. <sup>(a)</sup> | 111030 | 6615167 |
|  ESAB Corp. | 42626 | 4120229 |
|  Helios Technologies, Inc. | 38830 | 2512689 |
|  ITT, Inc. | 31035 | 5913099 |
|  Watts Water Technologies, Inc. - Class A | 18354 | 5327983 |
|  |  | 27753428 |
|  **Media - 2.3%** |  |  |
|  Magnite, Inc. <sup>(a)</sup> | 312980 | 3718202 |
|  Nexstar Media Group, Inc. - Class A | 21672 | 3918948 |
|  |  | 7637150 |
|  **Metals & Mining - 1.9%** |  |  |
|  Materion Corp. | 42343 | 6124915 |

---

------

---

| | | |
|:---|:---|:---|
|  **Oil, Gas & Consumable Fuels - 3.6%** |  |  |
|  Gulfport Energy Corp. <sup>(a)</sup> | 20708 | 4381192 |
|  Magnolia Oil & Gas Corp. - Class A | 91685 | 2894495 |
|  Permian Resources Corp. | 202836 | 4324464 |
|  |  | 11600151 |
|  **Pharmaceuticals - 1.5%** |  |  |
|  Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | 80688 | 4782378 |
|  **Professional Services - 3.1%** |  |  |
|  Planet Labs PBC <sup>(a)</sup> | 257835 | 7206488 |
|  Upwork, Inc. <sup>(a)</sup> | 276747 | 3033147 |
|  |  | 10239635 |
|  **Real Estate Management & Development - 1.8%** |  |  |
|  Colliers International Group, Inc. | 24963 | 2668295 |
|  FirstService Corp. | 23654 | 3286487 |
|  |  | 5954782 |
|  **Semiconductors & Semiconductor Equipment - 2.6%** |  |  |
|  Tower Semiconductor Ltd. <sup>(a)</sup> | 47971 | 8417951 |
|  **Software - 4.6%** |  |  |
|  Braze, Inc. - Class A <sup>(a)</sup> | 134081 | 3165652 |
|  Cellebrite DI Ltd. <sup>(a)</sup> | 300620 | 4142544 |
|  Q2 Holdings, Inc. <sup>(a)</sup> | 64205 | 3036897 |
|  Workiva Inc. <sup>(a)</sup> | 48843 | 2912508 |
|  Yext, Inc. <sup>(a)</sup> | 438568 | 1684101 |
|  |  | 14941702 |
|  **Specialty Retail - 2.7%** |  |  |
|  Academy Sports & Outdoors, Inc. | 87015 | 4911997 |
|  Warby Parker, Inc. - Class A <sup>(a)</sup> | 191061 | 4025655 |
|  |  | 8937652 |
|  **Textiles, Apparel & Luxury Goods - 1.4%** |  |  |
|  Capri Holdings Ltd. <sup>(a)</sup> | 88029 | 1551071 |
|  Crocs, Inc. <sup>(a)</sup> | 35875 | 2978342 |
|  |  | 4529413 |
|  **Tobacco - 1.6%** |  |  |
|  Turning Point Brands, Inc. | 58053 | 5038420 |
|  **Trading Companies & Distributors - 0.8%** |  |  |
|  SiteOne Landscape Supply, Inc. <sup>(a)</sup> | 20432 | 2719704 |
|  **TOTAL COMMON STOCKS** (Cost $232,423,311) |  | 310699223 |
|  **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 5.1%** | **Shares** | **Value** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58% <sup>(b)</sup> | 9570200 | 9570200 |
|  MSILF Government Portfolio - Institutional Class, 3.57% <sup>(b)</sup> | 6980439 | 6980439 |
|  **TOTAL MONEY MARKET FUNDS** (Cost $16,550,639) |  | 16550639 |
|  **TOTAL INVESTMENTS - 100.5% (**Cost $248,973,950**)** |  | 327249862 |
|  Liabilities in Excess of Other Assets - (0.5)% |  | (1641083) |
|  **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325608779 |

---

Percentages are stated as a percent of net assets.

LLC - Limited Liability 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 Small Cap 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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
|  Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $310699223 | $– | $– | $310699223 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 16550639 |  |  | 16550639 |
|  Total Investments | $&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;327249862 | $&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327249862 |

---

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

**Sector Classification as of March 31, 2026** 

&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;(% of Net Assets)

---

| | | |
|:---|:---|:---|
|  Industrials | $64289315 | 19.6% |
|  Financials | 52537694 | 16.2 |
|  Information Technology | 49005278 | 15.1 |
|  Health Care | 48846910 | 15.0 |
|  Consumer Discretionary | 30042661 | 9.2 |
|  Energy | 20969510 | 6.5 |
|  Consumer Staples | 18068270 | 5.6 |
|  Materials | 13347653 | 4.1 |
|  Communication Services | 7637150 | 2.3 |
|  Real Estate | 5954782 | 1.8 |
|  Money Market Funds | 16550639 | 5.1 |
|  Liabilities in Excess of Other Assets | (1641083) | (0.5) |
|  | $**325608779** | **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 Small Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000004604

- **c. LEI of Series:** 549300IPHQRKIFV2UK30

**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:** $327429210.24

**Total Liabilities:** $1813643.39

**Net Assets:** $325615566.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012571 | 2.74%                | 1.96%                | -6.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9300289.54              | $-18852.14                                 |
| Month 2  | $-101371.46              | $6693665.57                                |
| Month 3  | $3454934.56              | $-25678589.58                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avantor Inc                    | Avantor Inc                                  | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    238449 | NS      | $1869440.16   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc            | CSW Industrials Inc                          | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     15197 | NS      | $3960034.26   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                      | Crocs Inc                                    | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     35875 | NS      | $2978342.50   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                      | Esab Corp                                    | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     42626 | NS      | $4120229.16   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc           | Hilltop Holdings Inc                         | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     72049 | NS      | $2580795.18   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding | Ollie's Bargain Outlet Holdings Inc          | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     38884 | NS      | $3578883.36   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                   | Phreesia Inc                                 | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |    191952 | NS      | $1608557.76   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos              | Piper Sandler Cos                            | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     61352 | NS      | $4696495.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp              | Primo Brands Corp                            | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |    246108 | NS      | $4634213.64   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio        | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   9570200 | NS      | $9570199.51   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc   | SiteOne Landscape Supply Inc                 | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     20432 | NS      | $2719703.52   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                           | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     34624 | NS      | $3905240.96   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vita Coco Co Inc/The           | Vita Coco Co Inc/The                         | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |    121260 | NS      | $5809566.60   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp           | Waystar Holding Corp                         | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |    136923 | NS      | $3301213.53   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors Inc                | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     87015 | NS      | $4911996.75   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                      | Braze Inc                                    | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |    134081 | NS      | $3165652.41   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp        | CECO Environmental Corp                      | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    111030 | NS      | $6615167.40   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc            | Eagle Materials Inc                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     14319 | NS      | $2712734.55   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR         | Home BancShares Inc/AR                       | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162789 | NS      | $4383907.77   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc             | Kura Sushi USA Inc                           | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28613 | NS      | $1996901.27   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp        | Magnolia Oil & Gas Corp                      | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91685 | NS      | $2894495.45   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                  | Materion Corp                                | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     42343 | NS      | $6124914.95   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings I | Miami International Holdings Inc             | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |     74438 | NS      | $2897126.96   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp         | Permian Resources Corp                       | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    202836 | NS      | $4324463.52   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc          | TransMedics Group Inc                        | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     14415 | NS      | $1432995.15   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc               | Warby Parker Inc                             | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    191061 | NS      | $4025655.27   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                                  | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     29362 | NS      | $4510003.20   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc        | Helios Technologies Inc                      | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     38830 | NS      | $2512689.30   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare I | Prestige Consumer Healthcare Inc             | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80688 | NS      | $4782377.76   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                | Q2 Holdings Inc                              | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     64205 | NS      | $3036896.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc   | Watts Water Technologies Inc                 | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     18354 | NS      | $5327982.66   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems Inc                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     60778 | NS      | $4431323.98   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                   | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   6980439 | NS      | $6980439.30   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc        | Nexstar Media Group Inc                      | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     21672 | NS      | $3918947.76   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc           | Palomar Holdings Inc                         | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     36545 | NS      | $4367127.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc      | Merit Medical Systems Inc                    | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     44000 | NS      | $3032920.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                | NCR Atleos Corp                              | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     53199 | NS      | $2318412.42   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics Inc                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     60000 | NS      | $3877800.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc            | Karman Holdings Inc                          | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $4803000.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp            | Addus HomeCare Corp                          | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     30146 | NS      | $2823172.90   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc      | Casella Waste Systems Inc                    | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     40924 | NS      | $3246910.16   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                     | Ciena Corp                                   | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     22078 | NS      | $8571341.94   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I | Colliers International Group Inc             | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     24963 | NS      | $2668295.07   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc       | Cullen/Frost Bankers Inc                     | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     29615 | NS      | $4059624.20   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc | First Financial Bankshares Inc               | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    126194 | NS      | $3716413.30   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp           | Gulfport Energy Corp                         | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     20708 | NS      | $4381191.56   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp         | Webster Financial Corp                       | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     64812 | NS      | $4499249.04   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                       | AAON Inc                                     | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48412 | NS      | $4006093.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     30122 | NS      | $5196045.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions  | Donnelley Financial Solutions Inc            | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     79644 | NS      | $3754418.16   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The           | Ensign Group Inc/The                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     30289 | NS      | $6103233.50   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp              | FirstService Corp                            | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     23654 | NS      | $3286486.76   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc        | Goosehead Insurance Inc                      | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     63076 | NS      | $2690822.16   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                        | ITT Inc                                      | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     31035 | NS      | $5913098.55   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                        | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     14911 | NS      | $10478854.36  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings Inc                         | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     12487 | NS      | $5996132.53   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc       | Turning Point Brands Inc                     | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     58053 | NS      | $5038419.87   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Yext Inc                       | Yext Inc                                     | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |    438568 | NS      | $1684101.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs PBC                | Planet Labs PBC                              | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |    257835 | NS      | $7206488.25   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                    | Rogers Corp                                  | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     61450 | NS      | $6595428.50   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd       | OneSpaWorld Holdings Ltd                     | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             | EC               | CORP              | BS        |    155857 | NS      | $3576918.15   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC | WaterBridge Infrastructure LLC               | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $3348750.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                   | Wingstop Inc                                 | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     15616 | NS      | $2420011.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                | Alamo Group Inc                              | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     19787 | NS      | $3264261.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc          | Alphatec Holdings Inc                        | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    470000 | NS      | $5113600.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                   | Archrock Inc                                 | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    173006 | NS      | $6020608.80   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc         | FirstCash Holdings Inc                       | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29091 | NS      | $5469108.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc           | Generac Holdings Inc                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     16020 | NS      | $3129186.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc            | Glacier Bancorp Inc                          | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     71613 | NS      | $3198952.71   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity Inc                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     44387 | NS      | $3709421.59   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                    | Magnite Inc                                  | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    312980 | NS      | $3718202.40   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                     | Mattel Inc                                   | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    344314 | NS      | $5002882.42   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                     | Upwork Inc                                   | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |    276747 | NS      | $3033147.12   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                 | Utz Brands Inc                               | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |    326524 | NS      | $2586070.08   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                    | Workiva Inc                                  | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     48843 | NS      | $2912508.09   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd             | Capri Holdings Ltd                           | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | GB        |     88029 | NS      | $1551070.98   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite DI Ltd              | Cellebrite DI Ltd                            | CUSIP: N/A<br>LEI: 254900G03462YGP1IO36       | Long             | EC               | CORP              | IL        |    300620 | NS      | $4142543.60   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd        | Tower Semiconductor Ltd                      | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |     47971 | NS      | $8417951.08   | 2.59%             |  |  |  | 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