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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
DUK icon
51
Duke Energy
DUK
$101B
$1.06M 0.42%
9,018
-1,041
-10% -$123K
CRS icon
52
Carpenter Technology
CRS
$27.8B
$1.04M 0.41%
3,775
+1,050
+39% +$229K
MMM icon
53
3M
MMM
$94.1B
$1.04M 0.41%
6,846
+1
+0% +$143
DVN icon
54
Devon Energy
DVN
$49.2B
$1.01M 0.4%
31,769
-24,298
-43% -$774K
HPE icon
55
Hewlett Packard
HPE
$60.4B
$998K 0.39%
48,826
-2,547
-5% -$42.7K
BX icon
56
Blackstone
BX
$107B
$959K 0.38%
6,410
-205
-3% -$28.2K
MRK icon
57
Merck
MRK
$326B
$944K 0.37%
11,927
-8,737
-42% -$694K
BANC icon
58
Banc of California
BANC
$3.27B
$937K 0.37%
66,725
-11,250
-14% -$153K
GS icon
59
Goldman Sachs
GS
$305B
$885K 0.35%
1,250
-10
-0.8% -$5.79K
HR icon
60
Healthcare Realty
HR
$7.58B
$880K 0.35%
55,500
-28,750
-34% -$437K
KO icon
61
Coca-Cola
KO
$380B
$830K 0.33%
11,725
-395
-3% -$28.1K
PR
62
Permian Resources
PR
$16.5B
$747K 0.3%
54,865
+3,298
+6% +$42.4K
ATO icon
63
Atmos Energy
ATO
$29.9B
$740K 0.29%
4,803
+3
+0.1% +$466
BRK.A icon
64
Berkshire Hathaway Class A
BRK.A
$1.1T
$729K 0.29%
1
– –
ONON icon
65
On Holding
ONON
$12.6B
$726K 0.29%
13,940
-350
-2% -$17.8K
MS icon
66
Morgan Stanley
MS
$333B
$713K 0.28%
5,062
– –
TSLA icon
67
Tesla
TSLA
$1.21T
$712K 0.28%
2,240
+1,000
+81% +$301K
BRK.B icon
68
Berkshire Hathaway Class B
BRK.B
$1.11T
$705K 0.28%
1,452
-150
-9% -$76.2K
CYBR
69
DELISTED
CyberArk
CYBR
$651K 0.26%
+1,600
New +$583K
SO icon
70
Southern Company
SO
$109B
$645K 0.25%
7,020
– –
NFLX icon
71
Netflix
NFLX
$301B
$616K 0.24%
4,600
– –
SPOT icon
72
Spotify
SPOT
$105B
$589K 0.23%
768
+20
+3% +$12.8K
WULF icon
73
TeraWulf
WULF
$8.47B
$580K 0.23%
132,500
+74,000
+126% +$253K
MTDR icon
74
Matador Resources
MTDR
$5.73B
$570K 0.23%
11,945
+807
+7% +$35.6K
MTN icon
75
Vail Resorts
MTN
$5.6B
$558K 0.22%
3,550
+525
+17% +$78K
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.