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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
+9.83%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$267M
AUM Growth
+$13.9M
Cap. Flow
-$2.32M
Cap. Flow %
-0.87%
Top 10 Hldgs %
47.24%
Holding
127
New
4
Increased
42
Reduced
48
Closed
14

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$2.31M
2
RHP icon
Ryman Hospitality Properties
RHP
+$1.3M
3
MRP
Millrose Properties Inc
MRP
+$1.14M
4
LLY icon
Eli Lilly
LLY
+$1.12M
5
GEO icon
The GEO Group
GEO
+$1.06M

Top Sells

Rank Stock Value
1
WYNN icon
Wynn Resorts
WYNN
+$3.45M
2
IBM icon
IBM
IBM
+$2.02M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.41M
4
TPL icon
Texas Pacific Land
TPL
+$1.34M
5
DVN icon
Devon Energy
DVN
+$754K

Sector Composition

Rank Sector Weight
1 Technology 32.07%
2 Energy 13.67%
3 Consumer Discretionary 10.34%
4 Industrials 10.14%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMGN icon
51
Amgen
AMGN
$212B
$1.17M 0.44%
4,152
-963
-19% -$279K
SCHW
52
Charles Schwab
SCHW
$184B
$1.16M 0.43%
12,161
-2,948
-20% -$280K
BANC icon
53
Banc of California
BANC
$3.27B
$1.15M 0.43%
69,575
+2,850
+4% +$44.6K
DUK icon
54
Duke Energy
DUK
$101B
$1.12M 0.42%
9,018
– –
BX icon
55
Blackstone
BX
$107B
$1.1M 0.41%
6,410
– –
POWL icon
56
Powell Industries
POWL
$7.32B
$1.09M 0.41%
10,725
+4,875
+83% +$413K
TSLA icon
57
Tesla
TSLA
$1.21T
$1.08M 0.4%
2,420
+180
+8% +$62.4K
GS icon
58
Goldman Sachs
GS
$305B
$995K 0.37%
1,250
– –
MMM icon
59
3M
MMM
$94.1B
$969K 0.36%
6,246
-600
-9% -$92.5K
SPOT icon
60
Spotify
SPOT
$105B
$937K 0.35%
1,343
+575
+75% +$402K
MRK icon
61
Merck
MRK
$326B
$882K 0.33%
10,509
-1,418
-12% -$117K
ATO icon
62
Atmos Energy
ATO
$29.9B
$829K 0.31%
4,856
+53
+1% +$8.56K
GENI icon
63
Genius Sports
GENI
$1.95B
$823K 0.31%
66,500
+45,500
+217% +$544K
RH icon
64
RH
RH
$3.36B
$808K 0.3%
3,975
+1,150
+41% +$250K
MS icon
65
Morgan Stanley
MS
$333B
$805K 0.3%
5,062
– –
KO icon
66
Coca-Cola
KO
$380B
$758K 0.28%
11,427
-298
-3% -$20.5K
BRK.A icon
67
Berkshire Hathaway Class A
BRK.A
$1.1T
$754K 0.28%
1
– –
CRS icon
68
Carpenter Technology
CRS
$27.8B
$749K 0.28%
3,050
-725
-19% -$185K
VRT icon
69
Vertiv
VRT
$104B
$746K 0.28%
4,943
+950
+24% +$127K
PR
70
Permian Resources
PR
$16.5B
$718K 0.27%
56,110
+1,245
+2% +$17.1K
BRK.B icon
71
Berkshire Hathaway Class B
BRK.B
$1.11T
$655K 0.25%
1,302
-150
-10% -$72.7K
V icon
72
Visa
V
$697B
$649K 0.24%
1,902
+1,302
+217% +$451K
ORCL icon
73
Oracle
ORCL
$346B
$619K 0.23%
2,200
– –
HR icon
74
Healthcare Realty
HR
$7.58B
$607K 0.23%
33,655
-21,845
-39% -$369K
MTN icon
75
Vail Resorts
MTN
$5.6B
$591K 0.22%
3,950
+400
+11% +$62.1K
1 2
3
4 5

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First Dallas Securities's Q3 2025 Portfolio in Review

As of Q3 2025, First Dallas Securities held 127 positions worth $267M, up 5.5% from $253M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

First Dallas Securities's Q3 2025 filing shows 4 new, 42 increased, 48 reduced and 14 closed positions. Its largest new stake was UnitedHealth: 7,641 shares worth $2.64M. The largest sale was Wynn Resorts, an estimated $3.45M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 30% a quarter earlier, followed by Energy and Consumer Discretionary.

  • First Dallas Securities's largest Q3 2025 buy was UnitedHealth: 7,641 shares worth $2.64M.
  • First Dallas Securities added most to Ryman Hospitality Properties in Q3 2025, an estimated $1.3M increase.
  • First Dallas Securities's biggest Q3 2025 reduction was IBM, cutting an estimated $2.02M.
  • First Dallas Securities fully exited Wynn Resorts in Q3 2025, selling an estimated $3.45M.
  • First Dallas Securities's ten largest holdings make up 47% of its $267M portfolio in Q3 2025.
  • First Dallas Securities opened 4 new positions and closed 14 in Q3 2025.
  • First Dallas Securities's portfolio value rose 5.5% quarter-over-quarter to $267M.

Based on First Dallas Securities's 13F filing for Q3 2025, filed 5 Nov 2025.