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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
HON icon
76
Honeywell
HON
$78.3B
$547K 0.22%
2,493
– –
RH icon
77
RH
RH
$3.36B
$534K 0.21%
+2,825
New +$525K
PANW icon
78
Palo Alto Networks
PANW
$260B
$524K 0.21%
2,560
-600
-19% -$111K
VRT icon
79
Vertiv
VRT
$104B
$513K 0.2%
3,993
+978
+32% +$95.1K
AEE icon
80
Ameren
AEE
$31.1B
$502K 0.2%
5,226
-499
-9% -$48.4K
SPG icon
81
Simon Property Group
SPG
$76.8B
$498K 0.2%
3,100
– –
MCD icon
82
McDonald's
MCD
$194B
$489K 0.19%
1,675
-1,100
-40% -$339K
ISRG icon
83
Intuitive Surgical
ISRG
$130B
$489K 0.19%
900
– –
ORCL icon
84
Oracle
ORCL
$346B
$481K 0.19%
2,200
-100
-4% -$16.1K
DELL icon
85
Dell
DELL
$253B
$465K 0.18%
3,795
+200
+6% +$20.4K
FDX icon
86
FedEx
FDX
$74B
$457K 0.18%
2,012
-530
-21% -$116K
PTLO icon
87
Portillo's
PTLO
$339M
$435K 0.17%
37,250
-4,000
-10% -$46.2K
AVGO icon
88
Broadcom
AVGO
$1.81T
$433K 0.17%
1,570
-530
-25% -$115K
DE icon
89
Deere & Co
DE
$173B
$427K 0.17%
841
+1
+0.1% +$490
CFR icon
90
Cullen/Frost Bankers
CFR
$10.5B
$421K 0.17%
3,278
-600
-15% -$73.4K
TFC icon
91
Truist Financial
TFC
$64.7B
$416K 0.16%
9,675
+1,714
+22% +$67.1K
POWL icon
92
Powell Industries
POWL
$7.32B
$410K 0.16%
+5,850
New +$353K
GEO icon
93
The GEO Group
GEO
$4.11B
$401K 0.16%
+16,735
New +$457K
RTX icon
94
RTX Corp
RTX
$295B
$354K 0.14%
2,428
-249
-9% -$33.2K
ABNB icon
95
Airbnb
ABNB
$90.9B
$351K 0.14%
2,655
-5,575
-68% -$706K
NCLH icon
96
Norwegian Cruise Line
NCLH
$9.74B
$347K 0.14%
17,100
-14,000
-45% -$251K
TXN icon
97
Texas Instruments
TXN
$253B
$334K 0.13%
1,610
– –
LIF
98
Life360
LIF
$4.59B
$330K 0.13%
5,050
-5,400
-52% -$278K
LUV icon
99
Southwest Airlines
LUV
$22.7B
$328K 0.13%
10,125
-800
-7% -$24.1K
FOUR icon
100
Shift4
FOUR
$4.35B
$320K 0.13%
3,225
-775
-19% -$67.6K
2 3
4
5 6

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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.