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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
+13.32%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$253M
AUM Growth
+$13.7M
Cap. Flow
-$5.4M
Cap. Flow %
-2.14%
Top 10 Hldgs %
47.49%
Holding
129
New
17
Increased
28
Reduced
68
Closed
6

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$2.28M
2
MRP
Millrose Properties Inc
MRP
+$1.51M
3
RHP icon
Ryman Hospitality Properties
RHP
+$1.19M
4
SN icon
SharkNinja
SN
+$881K
5
C icon
Citigroup
C
+$859K

Top Sells

Rank Stock Value
1
ET icon
Energy Transfer Partners
ET
+$3.38M
2
TPL icon
Texas Pacific Land
TPL
+$2.31M
3
WYNN icon
Wynn Resorts
WYNN
+$1.12M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$966K
5
VST icon
Vistra
VST
+$781K

Sector Composition

Rank Sector Weight
1 Technology 30.44%
2 Energy 16.59%
3 Consumer Discretionary 12.55%
4 Industrials 9.6%
5 Financials 8.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WMT icon
26
Walmart Inc
WMT
$900B
$2.85M 1.12%
29,101
-496
-2% -$47.3K
COST icon
27
Costco
COST
$429B
$2.68M 1.06%
2,703
– –
TSM icon
28
TSMC
TSM
$2.03T
$2.65M 1.05%
11,695
-511
-4% -$94.7K
T icon
29
AT&T
T
$169B
$2.47M 0.98%
85,338
-6,346
-7% -$175K
C icon
30
Citigroup
C
$222B
$2.41M 0.95%
28,363
+11,879
+72% +$859K
CLF icon
31
Cleveland-Cliffs
CLF
$6.84B
$2.37M 0.94%
312,040
+66,800
+27% +$497K
BAC icon
32
Bank of America
BAC
$439B
$1.94M 0.77%
40,962
-8,122
-17% -$342K
XEL icon
33
Xcel Energy
XEL
$50.1B
$1.71M 0.68%
25,128
-846
-3% -$58.7K
CSWC icon
34
Capital Southwest
CSWC
$1.48B
$1.7M 0.67%
77,102
+5,177
+7% +$107K
MU icon
35
Micron Technology
MU
$927B
$1.69M 0.67%
13,705
-925
-6% -$86.4K
MRP
36
Millrose Properties Inc
MRP
$4.75B
$1.62M 0.64%
+56,980
New +$1.51M
JNJ icon
37
Johnson & Johnson
JNJ
$643B
$1.62M 0.64%
10,573
-606
-5% -$93.1K
AXP icon
38
American Express
AXP
$227B
$1.55M 0.61%
4,873
-289
-6% -$81.3K
WFC icon
39
Wells Fargo
WFC
$263B
$1.5M 0.59%
18,680
-598
-3% -$43.1K
AMGN icon
40
Amgen
AMGN
$212B
$1.43M 0.56%
5,115
-1,193
-19% -$338K
MTZ icon
41
MasTec
MTZ
$24.7B
$1.42M 0.56%
8,350
-500
-6% -$72K
GOOGL icon
42
Alphabet (Google) Class A
GOOGL
$4.08T
$1.41M 0.56%
8,014
-1,681
-17% -$275K
UPS icon
43
United Parcel Service
UPS
$89.7B
$1.38M 0.55%
13,720
+2,299
+20% +$226K
SCHW
44
Charles Schwab
SCHW
$184B
$1.38M 0.54%
15,109
-3,308
-18% -$277K
CMC icon
45
Commercial Metals
CMC
$7.8B
$1.31M 0.52%
26,792
-3,093
-10% -$143K
WHR icon
46
Whirlpool
WHR
$2.49B
$1.27M 0.5%
12,527
+2,752
+28% +$229K
RHP icon
47
Ryman Hospitality Properties
RHP
$8.58B
$1.26M 0.5%
+12,775
New +$1.19M
PLTR icon
48
Palantir
PLTR
$296B
$1.24M 0.49%
9,119
+2,300
+34% +$270K
VZ icon
49
Verizon
VZ
$201B
$1.2M 0.47%
27,624
-1,643
-6% -$71.1K
AEP icon
50
American Electric Power
AEP
$72.4B
$1.15M 0.46%
11,121
-704
-6% -$73.2K
1
2
3 4 5

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First Dallas Securities's Q2 2025 Portfolio in Review

As of Q2 2025, First Dallas Securities held 129 positions worth $253M, up 5.7% from $239M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

First Dallas Securities's Q2 2025 filing shows 17 new, 28 increased, 68 reduced and 6 closed positions. Its largest new stake was Millrose Properties Inc: 56,980 shares worth $1.62M. The largest sale was Energy Transfer Partners, an estimated $3.38M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 26% a quarter earlier, followed by Energy and Consumer Discretionary.

  • First Dallas Securities's largest Q2 2025 buy was Millrose Properties Inc: 56,980 shares worth $1.62M.
  • First Dallas Securities added most to Boeing in Q2 2025, an estimated $2.28M increase.
  • First Dallas Securities's biggest Q2 2025 reduction was Texas Pacific Land, cutting an estimated $2.31M.
  • First Dallas Securities fully exited Energy Transfer Partners in Q2 2025, selling an estimated $3.38M.
  • First Dallas Securities's ten largest holdings make up 47% of its $253M portfolio in Q2 2025.
  • First Dallas Securities opened 17 new positions and closed 6 in Q2 2025.
  • First Dallas Securities's portfolio value rose 5.7% quarter-over-quarter to $253M.

Based on First Dallas Securities's 13F filing for Q2 2025, filed 7 Aug 2025.