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FDS

First Dallas Securities Portfolio holdings

AUM $270M
1-Year Est. Return 39.24%
This Fund
S&P 500
This Quarter Est. Return
+1.04%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$24.7M
Cap. Flow
-$25.3M
Cap. Flow %
-22.1%
Top 10 Hldgs %
43.64%
Holding
96
New
4
Increased
25
Reduced
47
Closed
11

Top Buys

Rank Stock Value
1
DOW icon
Dow Inc
DOW
+$1.04M
2
SLB icon
SLB Ltd
SLB
+$640K
3
MRK icon
Merck
MRK
+$540K
4
NXPI icon
NXP Semiconductors
NXPI
+$410K
5
AMAT icon
Applied Materials
AMAT
+$349K

Top Sells

Rank Stock Value
1
USCR
U S Concrete, Inc.
USCR
+$1.36M
2
TPL icon
Texas Pacific Land
TPL
+$794K
3
EXP icon
Eagle Materials
EXP
+$663K
4
CSCO icon
Cisco
CSCO
+$660K
5
LTXB
LegacyTexas Financial Group Inc
LTXB
+$592K

Sector Composition

Rank Sector Weight
1 Energy 25.47%
2 Industrials 20.92%
3 Healthcare 8.46%
4 Utilities 7.31%
5 Financials 6.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HD icon
26
Home Depot
HD
$343B
$1.31M 1.15%
6,297
-100
-2% -$19.9K
HP icon
27
Helmerich & Payne
HP
$3.31B
$1.29M 1.13%
25,542
+752
+3% +$41.4K
INTC icon
28
Intel
INTC
$435B
$1.26M 1.11%
26,400
-1,049
-4% -$52K
CNK icon
29
Cinemark Holdings
CNK
$4.09B
$1.15M 1%
31,800
-3,750
-11% -$148K
FDX icon
30
FedEx
FDX
$74B
$1.06M 0.93%
6,453
+320
+5% +$56K
JPM icon
31
JPMorgan Chase
JPM
$950B
$1.03M 0.91%
9,254
– –
DAL icon
32
Delta Air Lines
DAL
$58.8B
$1.02M 0.89%
17,963
-1,725
-9% -$96.7K
CSCO icon
33
Cisco
CSCO
$456B
$981K 0.86%
17,921
-11,947
-40% -$660K
CVS icon
34
CVS Health
CVS
$140B
$981K 0.86%
18,003
+1,428
+9% +$76.9K
MTDR icon
35
Matador Resources
MTDR
$5.73B
$979K 0.86%
49,225
-1,035
-2% -$19.6K
AMAT icon
36
Applied Materials
AMAT
$378B
$977K 0.85%
21,750
+8,300
+62% +$349K
SLB icon
37
SLB Ltd
SLB
$74.2B
$971K 0.85%
24,427
+15,875
+186% +$640K
DOW icon
38
Dow Inc
DOW
$20.8B
$967K 0.85%
+19,620
New +$1.04M
GM icon
39
General Motors
GM
$81.7B
$865K 0.76%
22,463
-5,584
-20% -$209K
CAT icon
40
Caterpillar
CAT
$387B
$760K 0.66%
5,580
-50
-0.9% -$6.61K
NXPI icon
41
NXP Semiconductors
NXPI
$65.4B
$749K 0.66%
7,675
+4,230
+123% +$410K
SO icon
42
Southern Company
SO
$109B
$744K 0.65%
13,459
-799
-6% -$42.8K
AEE icon
43
Ameren
AEE
$31.1B
$729K 0.64%
9,712
+1
+0% +$74
CLF icon
44
Cleveland-Cliffs
CLF
$6.84B
$721K 0.63%
67,569
+10,057
+17% +$99.1K
MSFT icon
45
Microsoft
MSFT
$2.92T
$717K 0.63%
5,355
-405
-7% -$51.4K
PG icon
46
Procter & Gamble
PG
$347B
$702K 0.61%
6,401
-505
-7% -$53.8K
NCLH icon
47
Norwegian Cruise Line
NCLH
$9.74B
$675K 0.59%
12,580
+5,430
+76% +$302K
DIS icon
48
Walt Disney
DIS
$172B
$622K 0.54%
4,455
+2,450
+122% +$325K
C icon
49
Citigroup
C
$222B
$605K 0.53%
8,640
-705
-8% -$47.2K
MU icon
50
Micron Technology
MU
$927B
$600K 0.52%
15,550
-250
-2% -$9.53K
1
2
3 4

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First Dallas Securities's Q2 2019 Portfolio in Review

As of Q2 2019, First Dallas Securities held 96 positions worth $114M, down 18% from $139M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

First Dallas Securities withdrew a net $25.3M in Q2 2019, closing 11 positions and reducing 47 holdings. Its most notable exit was LegacyTexas Financial Group Inc, an estimated $592K position sold in full.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 22% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, First Dallas Securities opened a new position in Dow Inc worth $967K.

  • First Dallas Securities's largest Q2 2019 buy was Dow Inc: 19,620 shares worth $967K.
  • First Dallas Securities added most to SLB Ltd in Q2 2019, an estimated $640K increase.
  • First Dallas Securities's biggest Q2 2019 reduction was U S Concrete, Inc., cutting an estimated $1.36M.
  • First Dallas Securities fully exited LegacyTexas Financial Group Inc in Q2 2019, selling an estimated $592K.
  • First Dallas Securities's ten largest holdings make up 44% of its $114M portfolio in Q2 2019.
  • First Dallas Securities opened 4 new positions and closed 11 in Q2 2019.
  • First Dallas Securities's portfolio value fell 18% quarter-over-quarter to $114M.

Based on First Dallas Securities's 13F filing for Q2 2019, filed 22 Aug 2019.