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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
+1.04%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$24.7M
Cap. Flow
-$25.3M
Cap. Flow %
-22.1%
Top 10 Hldgs %
43.64%
Holding
96
New
4
Increased
25
Reduced
47
Closed
11

Top Buys

Rank Stock Value
1
DOW icon
Dow Inc
DOW
+$1.04M
2
SLB icon
SLB Ltd
SLB
+$640K
3
MRK icon
Merck
MRK
+$540K
4
NXPI icon
NXP Semiconductors
NXPI
+$410K
5
AMAT icon
Applied Materials
AMAT
+$349K

Top Sells

Rank Stock Value
1
USCR
U S Concrete, Inc.
USCR
+$1.36M
2
TPL icon
Texas Pacific Land
TPL
+$794K
3
EXP icon
Eagle Materials
EXP
+$663K
4
CSCO icon
Cisco
CSCO
+$660K
5
LTXB
LegacyTexas Financial Group Inc
LTXB
+$592K

Sector Composition

Rank Sector Weight
1 Energy 25.47%
2 Industrials 20.92%
3 Healthcare 8.46%
4 Utilities 7.31%
5 Financials 6.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
76
Berkshire Hathaway Class B
BRK.B
$1.11T
$224K 0.2%
1,050
– –
COP icon
77
ConocoPhillips
COP
$139B
$223K 0.2%
3,648
– –
RLJ.PRA icon
78
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
$219K 0.19%
8,350
– –
STR
79
DELISTED
Sitio Royalties
STR
$218K 0.19%
6,500
-1,500
-19% -$49.2K
HOME
80
DELISTED
At Home Group Inc.
HOME
$217K 0.19%
32,580
+400
+1% +$7.09K
WHR icon
81
Whirlpool
WHR
$2.49B
$210K 0.18%
1,475
-150
-9% -$20.1K
XRN
82
Chiron Real Estate Inc
XRN
$541M
$186K 0.16%
3,550
-100
-3% -$5.22K
CRK icon
83
Comstock Resources
CRK
$3.64B
$140K 0.12%
25,200
-5,000
-17% -$29K
ASAP
84
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$131K 0.11%
+1,043
New +$178K
AXAS
85
DELISTED
Abraxas Petroleum Corp
AXAS
$13K 0.01%
+625
New +$15.2K
ADM icon
86
Archer Daniels Midland
ADM
$40.1B
– –
-4,700
Closed -$203K
AEO icon
87
American Eagle Outfitters
AEO
$3.04B
– –
-10,050
Closed -$223K
HAL icon
88
Halliburton
HAL
$26.1B
– –
-7,296
Closed -$214K
OC icon
89
Owens Corning
OC
$11.5B
– –
-4,600
Closed -$217K
LTXB
90
DELISTED
LegacyTexas Financial Group Inc
LTXB
– –
-15,832
Closed -$592K
INTZ
91
DELISTED
INTRUSION INC NEW
INTZ
– –
-20,000
Closed -$86K
1 2 3
4

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First Dallas Securities's Q2 2019 Portfolio in Review

As of Q2 2019, First Dallas Securities held 96 positions worth $114M, down 18% from $139M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

First Dallas Securities withdrew a net $25.3M in Q2 2019, closing 11 positions and reducing 47 holdings. Its most notable exit was LegacyTexas Financial Group Inc, an estimated $592K position sold in full.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 22% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, First Dallas Securities opened a new position in Dow Inc worth $967K.

  • First Dallas Securities's largest Q2 2019 buy was Dow Inc: 19,620 shares worth $967K.
  • First Dallas Securities added most to SLB Ltd in Q2 2019, an estimated $640K increase.
  • First Dallas Securities's biggest Q2 2019 reduction was U S Concrete, Inc., cutting an estimated $1.36M.
  • First Dallas Securities fully exited LegacyTexas Financial Group Inc in Q2 2019, selling an estimated $592K.
  • First Dallas Securities's ten largest holdings make up 44% of its $114M portfolio in Q2 2019.
  • First Dallas Securities opened 4 new positions and closed 11 in Q2 2019.
  • First Dallas Securities's portfolio value fell 18% quarter-over-quarter to $114M.

Based on First Dallas Securities's 13F filing for Q2 2019, filed 22 Aug 2019.