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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
+10.34%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$194M
AUM Growth
-$243M
Cap. Flow
-$254M
Cap. Flow %
-130.75%
Top 10 Hldgs %
41.77%
Holding
188
New
54
Increased
25
Reduced
43
Closed
66

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$16.3M
2
XOM icon
ExxonMobil
XOM
+$4.21M
3
BA icon
Boeing
BA
+$3.5M
4
OKE icon
Oneok
OKE
+$3.06M
5
AMGN icon
Amgen
AMGN
+$2.91M

Top Sells

Rank Stock Value
1
MTDR icon
Matador Resources
MTDR
+$22M
2
EXP icon
Eagle Materials
EXP
+$12.2M
3
WIRE
Encore Wire Corp
WIRE
+$11.6M
4
ONON icon
On Holding
ONON
+$10.6M
5
CLF icon
Cleveland-Cliffs
CLF
+$10.3M

Sector Composition

Rank Sector Weight
1 Technology 24.46%
2 Energy 19.06%
3 Industrials 12.89%
4 Financials 10.21%
5 Healthcare 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XEL icon
26
Xcel Energy
XEL
$50.1B
$2.18M 1.12%
+35,249
New +$2.11M
ET icon
27
Energy Transfer Partners
ET
$69.5B
$2.15M 1.11%
155,472
+143,722
+1,223% +$1.95M
ETD icon
28
Ethan Allen Interiors
ETD
$606M
$2.12M 1.09%
66,474
-72,637
-52% -$2.08M
COST icon
29
Costco
COST
$429B
$2.09M 1.08%
3,167
+359
+13% +$213K
BAC icon
30
Bank of America
BAC
$439B
$2.08M 1.07%
+61,726
New +$1.8M
MU icon
31
Micron Technology
MU
$927B
$2.07M 1.07%
24,250
-67,002
-73% -$4.98M
AMZN icon
32
Amazon
AMZN
$2.48T
$2.07M 1.07%
13,606
+5,561
+69% +$780K
MRK icon
33
Merck
MRK
$326B
$2.02M 1.04%
18,550
+5,896
+47% +$612K
SCHW
34
Charles Schwab
SCHW
$184B
$1.84M 0.95%
26,711
-36,187
-58% -$2.09M
BX icon
35
Blackstone
BX
$107B
$1.72M 0.89%
+13,165
New +$1.42M
NVO
36
Novo Nordisk
NVO
$225B
$1.66M 0.86%
16,076
-4,786
-23% -$473K
T icon
37
AT&T
T
$169B
$1.59M 0.82%
+94,621
New +$1.49M
DKNG icon
38
DraftKings
DKNG
$12.2B
$1.52M 0.78%
43,075
-195,051
-82% -$6.53M
VST icon
39
Vistra
VST
$50.1B
$1.48M 0.76%
+38,480
New +$1.34M
TFIN icon
40
Triumph Financial Inc
TFIN
$1.84B
$1.44M 0.74%
17,950
-10,275
-36% -$695K
ON icon
41
ON Semiconductor
ON
$32.8B
$1.24M 0.64%
14,850
-79,050
-84% -$6.21M
CMC icon
42
Commercial Metals
CMC
$7.8B
$1.22M 0.63%
24,380
-96,409
-80% -$4.39M
CSWC icon
43
Capital Southwest
CSWC
$1.48B
$1.18M 0.61%
+49,827
New +$1.11M
DUK icon
44
Duke Energy
DUK
$101B
$1.1M 0.57%
+11,384
New +$1.04M
FDX icon
45
FedEx
FDX
$74B
$1.09M 0.56%
4,330
+1,928
+80% +$490K
WYNN icon
46
Wynn Resorts
WYNN
$10.3B
$1.09M 0.56%
11,927
-21,954
-65% -$1.95M
TSM icon
47
TSMC
TSM
$2.03T
$1.08M 0.55%
+10,351
New +$987K
VZ icon
48
Verizon
VZ
$201B
$1.06M 0.55%
+28,081
New +$994K
GOOG icon
49
Alphabet (Google) Class C
GOOG
$4.07T
$1.02M 0.53%
7,240
+6,740
+1,348% +$915K
WMT icon
50
Walmart Inc
WMT
$900B
$994K 0.51%
18,921
-13,431
-42% -$711K
1
2
3 4 5

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First Dallas Securities's Q4 2023 Portfolio in Review

As of Q4 2023, First Dallas Securities held 188 positions worth $194M, down 56% from $437M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

First Dallas Securities withdrew a net $254M in Q4 2023, closing 66 positions and reducing 43 holdings. Its most notable exit was SM Energy, an estimated $8.67M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Energy and Industrials.

Against the trend, First Dallas Securities opened a new position in Boeing worth $4.27M.

  • First Dallas Securities's largest Q4 2023 buy was Boeing: 16,374 shares worth $4.27M.
  • First Dallas Securities added most to Apple in Q4 2023, an estimated $16.3M increase.
  • First Dallas Securities's biggest Q4 2023 reduction was Matador Resources, cutting an estimated $22M.
  • First Dallas Securities fully exited SM Energy in Q4 2023, selling an estimated $8.67M.
  • First Dallas Securities's ten largest holdings make up 42% of its $194M portfolio in Q4 2023.
  • First Dallas Securities opened 54 new positions and closed 66 in Q4 2023.
  • First Dallas Securities's portfolio value fell 56% quarter-over-quarter to $194M.

Based on First Dallas Securities's 13F filing for Q4 2023, filed 13 Feb 2024.