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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
+3.7%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$269M
AUM Growth
+$1.81M
Cap. Flow
-$3.39M
Cap. Flow %
-1.26%
Top 10 Hldgs %
46.24%
Holding
119
New
6
Increased
38
Reduced
49
Closed
12

Top Buys

Rank Stock Value
1
WHR icon
Whirlpool
WHR
+$2.47M
2
SN icon
SharkNinja
SN
+$821K
3
FWRG icon
First Watch Restaurant Group
FWRG
+$657K
4
MRP
Millrose Properties Inc
MRP
+$630K
5
CXW icon
CoreCivic
CXW
+$596K

Top Sells

Rank Stock Value
1
ETD icon
Ethan Allen Interiors
ETD
+$1.85M
2
WULF icon
TeraWulf
WULF
+$1.13M
3
KEX icon
Kirby Corp
KEX
+$1.05M
4
SPOT icon
Spotify
SPOT
+$937K
5
CLF icon
Cleveland-Cliffs
CLF
+$657K

Sector Composition

Rank Sector Weight
1 Technology 31.27%
2 Energy 12.95%
3 Consumer Discretionary 11.08%
4 Industrials 10.89%
5 Financials 9.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
51
Tesla
TSLA
$1.21T
$1.11M 0.41%
2,460
+40
+2% +$17.7K
GS icon
52
Goldman Sachs
GS
$305B
$1.1M 0.41%
1,250
– –
SCHW
53
Charles Schwab
SCHW
$184B
$1.09M 0.41%
10,897
-1,264
-10% -$120K
POWL icon
54
Powell Industries
POWL
$7.32B
$1.08M 0.4%
10,203
-522
-5% -$58.6K
PR
55
Permian Resources
PR
$16.5B
$1.05M 0.39%
74,630
+18,520
+33% +$249K
DUK icon
56
Duke Energy
DUK
$101B
$1.03M 0.39%
8,827
-191
-2% -$23.3K
GEO icon
57
The GEO Group
GEO
$4.11B
$1.02M 0.38%
63,470
+535
+0.9% +$8.92K
ETD icon
58
Ethan Allen Interiors
ETD
$606M
$1.01M 0.37%
44,066
-74,085
-63% -$1.85M
MMM icon
59
3M
MMM
$94.1B
$997K 0.37%
6,230
-16
-0.3% -$2.62K
VZ icon
60
Verizon
VZ
$201B
$993K 0.37%
24,370
-2,911
-11% -$118K
BX icon
61
Blackstone
BX
$107B
$988K 0.37%
6,410
– –
CRS icon
62
Carpenter Technology
CRS
$27.8B
$960K 0.36%
3,050
– –
HPE icon
63
Hewlett Packard
HPE
$60.4B
$956K 0.36%
39,802
-25,376
-39% -$598K
MS icon
64
Morgan Stanley
MS
$333B
$899K 0.33%
5,062
– –
ONON icon
65
On Holding
ONON
$12.6B
$888K 0.33%
19,100
+5,660
+42% +$244K
FDX icon
66
FedEx
FDX
$74B
$884K 0.33%
3,060
+1,325
+76% +$348K
VRT icon
67
Vertiv
VRT
$104B
$829K 0.31%
5,115
+172
+3% +$29.9K
ATO icon
68
Atmos Energy
ATO
$29.9B
$764K 0.28%
4,559
-297
-6% -$51.4K
GENI icon
69
Genius Sports
GENI
$1.95B
$755K 0.28%
68,500
+2,000
+3% +$21.8K
BRK.A icon
70
Berkshire Hathaway Class A
BRK.A
$1.1T
$755K 0.28%
1
– –
KO icon
71
Coca-Cola
KO
$380B
$728K 0.27%
10,406
-1,021
-9% -$71.2K
TFC icon
72
Truist Financial
TFC
$64.7B
$711K 0.26%
14,448
+3,762
+35% +$173K
BRK.B icon
73
Berkshire Hathaway Class B
BRK.B
$1.11T
$654K 0.24%
1,302
– –
V icon
74
Visa
V
$697B
$633K 0.24%
1,805
-97
-5% -$33K
CXW icon
75
CoreCivic
CXW
$3.03B
$621K 0.23%
+32,500
New +$596K
1 2
3
4 5

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First Dallas Securities's Q4 2025 Portfolio in Review

As of Q4 2025, First Dallas Securities held 119 positions worth $269M, up 0.68% from $267M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

First Dallas Securities's Q4 2025 filing shows 6 new, 38 increased, 49 reduced and 12 closed positions. Its largest new stake was First Watch Restaurant Group: 39,000 shares worth $588K. The largest sale was Ethan Allen Interiors, an estimated $1.85M.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Energy and Consumer Discretionary.

  • First Dallas Securities's largest Q4 2025 buy was First Watch Restaurant Group: 39,000 shares worth $588K.
  • First Dallas Securities added most to Whirlpool in Q4 2025, an estimated $2.47M increase.
  • First Dallas Securities's biggest Q4 2025 reduction was Ethan Allen Interiors, cutting an estimated $1.85M.
  • First Dallas Securities fully exited Spotify in Q4 2025, selling an estimated $937K.
  • First Dallas Securities's ten largest holdings make up 46% of its $269M portfolio in Q4 2025.
  • First Dallas Securities opened 6 new positions and closed 12 in Q4 2025.
  • First Dallas Securities's portfolio value rose 0.68% quarter-over-quarter to $269M.

Based on First Dallas Securities's 13F filing for Q4 2025, filed 11 Feb 2026.