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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
+0%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$437M
AUM Growth
+$257M
Cap. Flow
+$266M
Cap. Flow %
60.9%
Top 10 Hldgs %
30.73%
Holding
195
New
71
Increased
41
Reduced
22
Closed
60

Top Buys

Rank Stock Value
1
MTDR icon
Matador Resources
MTDR
+$22.1M
2
EXP icon
Eagle Materials
EXP
+$12.5M
3
ONON icon
On Holding
ONON
+$12.3M
4
WIRE
Encore Wire Corp
WIRE
+$11.5M
5
FOUR icon
Shift4
FOUR
+$10.6M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$16.2M
2
XOM icon
ExxonMobil
XOM
+$3.95M
3
TPL icon
Texas Pacific Land
TPL
+$3.05M
4
OKE icon
Oneok
OKE
+$3.05M
5
BA icon
Boeing
BA
+$2.68M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 20.66%
2 Technology 20.31%
3 Industrials 17.54%
4 Energy 17.18%
5 Materials 7.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHRD icon
76
Chord Energy
CHRD
$7.25B
$1.36M 0.31%
+8,372
New +$1.31M
CRS icon
77
Carpenter Technology
CRS
$27.8B
$1.34M 0.31%
+20,000
New +$1.21M
HOMB icon
78
Home BancShares
HOMB
$6.31B
$1.33M 0.3%
+63,500
New +$1.45M
UNP icon
79
Union Pacific
UNP
$175B
$1.32M 0.3%
+6,468
New +$1.41M
MRK icon
80
Merck
MRK
$326B
$1.3M 0.3%
12,654
-3,656
-22% -$394K
PEP icon
81
PepsiCo
PEP
$195B
$1.28M 0.29%
7,555
+3,948
+109% +$717K
COP icon
82
ConocoPhillips
COP
$139B
$1.27M 0.29%
10,625
+6,662
+168% +$773K
SLB icon
83
SLB Ltd
SLB
$74.2B
$1.23M 0.28%
21,078
+16,378
+348% +$950K
OKE icon
84
Oneok
OKE
$55.9B
$1.22M 0.28%
19,179
-46,744
-71% -$3.05M
TCBI icon
85
Texas Capital Bancshares
TCBI
$4.29B
$1.18M 0.27%
+20,000
New +$1.21M
JPM icon
86
JPMorgan Chase
JPM
$950B
$1.16M 0.27%
7,982
-3,833
-32% -$575K
MCD icon
87
McDonald's
MCD
$194B
$1.15M 0.26%
4,354
+163
+4% +$46.5K
CAT icon
88
Caterpillar
CAT
$387B
$1.11M 0.25%
4,072
-4,242
-51% -$1.15M
ABBV icon
89
AbbVie
ABBV
$465B
$1.11M 0.25%
7,448
-14,975
-67% -$2.2M
STRS icon
90
Stratus Properties
STRS
$156M
$1.1M 0.25%
+40,000
New +$1.1M
USPH icon
91
US Physical Therapy
USPH
$1.2B
$1.07M 0.25%
+11,695
New +$1.26M
MS icon
92
Morgan Stanley
MS
$333B
$1.07M 0.25%
13,113
+8,513
+185% +$739K
AVNW icon
93
Aviat Networks
AVNW
$264M
$1.07M 0.25%
+34,300
New +$1.08M
GOOG icon
94
Alphabet (Google) Class C
GOOG
$4.07T
$1.07M 0.25%
500
-6,855
-93% -$891K
CB icon
95
Chubb
CB
$141B
$1.07M 0.24%
5,130
+2,974
+138% +$601K
TXN icon
96
Texas Instruments
TXN
$253B
$1.04M 0.24%
6,525
+2,519
+63% +$430K
AMZN icon
97
Amazon
AMZN
$2.48T
$1.02M 0.23%
8,045
-3,990
-33% -$535K
AZZ icon
98
AZZ Inc
AZZ
$4.41B
$1.02M 0.23%
+22,450
New +$1.03M
LOW icon
99
Lowe's Companies
LOW
$122B
$1.02M 0.23%
4,900
+3,675
+300% +$827K
HD icon
100
Home Depot
HD
$343B
$993K 0.23%
3,286
-7,834
-70% -$2.52M
2 3
4
5 6

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First Dallas Securities's Q3 2023 Portfolio in Review

As of Q3 2023, First Dallas Securities held 195 positions worth $437M, up 144% from $179M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

First Dallas Securities deployed $266M of net new capital in Q3 2023, opening 71 new positions and adding to 41 existing holdings. Its largest new stake was Shift4: 173,753 shares worth $9.62M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 10% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Apple, an estimated $16.2M trimmed.

  • First Dallas Securities's largest Q3 2023 buy was Shift4: 173,753 shares worth $9.62M.
  • First Dallas Securities added most to Matador Resources in Q3 2023, an estimated $22.1M increase.
  • First Dallas Securities's biggest Q3 2023 reduction was Apple, cutting an estimated $16.2M.
  • First Dallas Securities fully exited Boeing in Q3 2023, selling an estimated $2.68M.
  • First Dallas Securities's ten largest holdings make up 31% of its $437M portfolio in Q3 2023.
  • First Dallas Securities opened 71 new positions and closed 60 in Q3 2023.
  • First Dallas Securities's portfolio value rose 144% quarter-over-quarter to $437M.

Based on First Dallas Securities's 13F filing for Q3 2023, filed 14 Nov 2023.