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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
MDT icon
51
Medtronic
MDT
$111B
$960K 0.49%
11,648
+8,054
+224% +$614K
CALY
52
Callaway Golf Company
CALY
$3.28B
$924K 0.48%
64,450
-547,016
-89% -$7.03M
FOUR icon
53
Shift4
FOUR
$4.35B
$918K 0.47%
12,350
-161,403
-93% -$9.63M
ABNB icon
54
Airbnb
ABNB
$90.9B
$913K 0.47%
6,705
-32,387
-83% -$4.18M
MCD icon
55
McDonald's
MCD
$194B
$887K 0.46%
2,991
-1,363
-31% -$371K
KO icon
56
Coca-Cola
KO
$380B
$860K 0.44%
+14,601
New +$829K
CMA
57
DELISTED
Comerica
CMA
$741K 0.38%
+13,275
New +$600K
ONON icon
58
On Holding
ONON
$12.6B
$732K 0.38%
27,150
-388,052
-93% -$10.6M
NCLH icon
59
Norwegian Cruise Line
NCLH
$9.74B
$699K 0.36%
34,860
-461,394
-93% -$7.4M
ATO icon
60
Atmos Energy
ATO
$29.9B
$671K 0.35%
+5,788
New +$647K
DOW icon
61
Dow Inc
DOW
$20.8B
$668K 0.34%
+12,177
New +$622K
GM icon
62
General Motors
GM
$81.7B
$634K 0.33%
+17,652
New +$546K
SO icon
63
Southern Company
SO
$109B
$622K 0.32%
+8,870
New +$609K
UPS icon
64
United Parcel Service
UPS
$89.7B
$620K 0.32%
+3,941
New +$596K
SYM icon
65
Symbotic
SYM
$5.39B
$616K 0.32%
12,000
-101,192
-89% -$4.44M
PEP icon
66
PepsiCo
PEP
$195B
$612K 0.32%
3,603
-3,952
-52% -$655K
CVX icon
67
Chevron
CVX
$374B
$611K 0.31%
4,095
+2,768
+209% +$419K
MTDR icon
68
Matador Resources
MTDR
$5.73B
$599K 0.31%
10,539
-376,464
-97% -$22M
MS icon
69
Morgan Stanley
MS
$333B
$583K 0.3%
6,250
-6,863
-52% -$549K
BLDR icon
70
Builders FirstSource
BLDR
$7.93B
$572K 0.29%
3,425
-25,151
-88% -$3.34M
BRK.B icon
71
Berkshire Hathaway Class B
BRK.B
$1.11T
$571K 0.29%
1,600
+600
+60% +$211K
CSCO icon
72
Cisco
CSCO
$456B
$550K 0.28%
+10,892
New +$557K
BRK.A icon
73
Berkshire Hathaway Class A
BRK.A
$1.1T
$543K 0.28%
+1
New +$534K
LUV icon
74
Southwest Airlines
LUV
$22.7B
$536K 0.28%
+18,575
New +$483K
PR
75
Permian Resources
PR
$16.5B
$502K 0.26%
36,890
-496,033
-93% -$6.79M
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.