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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
RTX icon
76
RTX Corp
RTX
$295B
$607K 0.23%
3,309
+731
+28% +$127K
FWRG icon
77
First Watch Restaurant Group
FWRG
$801M
$588K 0.22%
+39,000
New +$657K
SPG icon
78
Simon Property Group
SPG
$76.8B
$574K 0.21%
3,100
– –
HR icon
79
Healthcare Realty
HR
$7.58B
$566K 0.21%
33,405
-250
-0.7% -$4.45K
EAT icon
80
Brinker International
EAT
$8.5B
$560K 0.21%
3,902
+2,027
+108% +$266K
AEE icon
81
Ameren
AEE
$31.1B
$521K 0.19%
5,215
– –
SO icon
82
Southern Company
SO
$109B
$505K 0.19%
5,795
-225
-4% -$20.5K
AIOT
83
PowerFleet Inc
AIOT
$525M
$487K 0.18%
91,450
+47,950
+110% +$245K
RH icon
84
RH
RH
$3.36B
$479K 0.18%
2,675
-1,300
-33% -$222K
AVGO icon
85
Broadcom
AVGO
$1.81T
$474K 0.18%
1,370
+100
+8% +$35.8K
PANW icon
86
Palo Alto Networks
PANW
$260B
$472K 0.18%
2,560
– –
TTWO icon
87
Take-Two Interactive
TTWO
$46.3B
$470K 0.17%
1,835
+260
+17% +$64.8K
LUV icon
88
Southwest Airlines
LUV
$22.7B
$468K 0.17%
11,325
+1,200
+12% +$41.9K
DELL icon
89
Dell
DELL
$253B
$462K 0.17%
3,670
-150
-4% -$21.1K
HON icon
90
Honeywell
HON
$78.3B
$458K 0.17%
2,350
-143
-6% -$28K
NFLX icon
91
Netflix
NFLX
$301B
$441K 0.16%
4,700
-200
-4% -$21.6K
CFR icon
92
Cullen/Frost Bankers
CFR
$10.5B
$415K 0.15%
3,278
– –
ORCL icon
93
Oracle
ORCL
$346B
$409K 0.15%
2,100
-100
-5% -$23.8K
MTDR icon
94
Matador Resources
MTDR
$5.73B
$393K 0.15%
9,260
-2,692
-23% -$113K
GM icon
95
General Motors
GM
$81.7B
$391K 0.15%
+4,808
New +$339K
MCD icon
96
McDonald's
MCD
$194B
$367K 0.14%
1,200
-100
-8% -$30.6K
PEP icon
97
PepsiCo
PEP
$195B
$323K 0.12%
2,252
+50
+2% +$7.35K
FVR
98
FrontView REIT
FVR
$494M
$319K 0.12%
+21,600
New +$310K
TXN icon
99
Texas Instruments
TXN
$253B
$280K 0.1%
1,612
+1
+0.1% +$171
LMT icon
100
Lockheed Martin
LMT
$134B
$278K 0.1%
575
– –
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.