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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
+10.34%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$194M
AUM Growth
-$243M
Cap. Flow
-$254M
Cap. Flow %
-130.75%
Top 10 Hldgs %
41.77%
Holding
188
New
54
Increased
25
Reduced
43
Closed
66

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$16.3M
2
XOM icon
ExxonMobil
XOM
+$4.21M
3
BA icon
Boeing
BA
+$3.5M
4
OKE icon
Oneok
OKE
+$3.06M
5
AMGN icon
Amgen
AMGN
+$2.91M

Top Sells

Rank Stock Value
1
MTDR icon
Matador Resources
MTDR
+$22M
2
EXP icon
Eagle Materials
EXP
+$12.2M
3
WIRE
Encore Wire Corp
WIRE
+$11.6M
4
ONON icon
On Holding
ONON
+$10.6M
5
CLF icon
Cleveland-Cliffs
CLF
+$10.3M

Sector Composition

Rank Sector Weight
1 Technology 24.46%
2 Energy 19.06%
3 Industrials 12.89%
4 Financials 10.21%
5 Healthcare 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXD
101
DELISTED
Pioneer Natural Resource Co.
PXD
$308K 0.16%
+1,370
New +$321K
URI icon
102
United Rentals
URI
$67.9B
$307K 0.16%
+535
New +$252K
IBM icon
103
IBM
IBM
$214B
$303K 0.16%
+1,850
New +$280K
HP icon
104
Helmerich & Payne
HP
$3.31B
$295K 0.15%
8,157
+49
+0.6% +$1.9K
NFLX icon
105
Netflix
NFLX
$301B
$292K 0.15%
+6,000
New +$262K
F icon
106
Ford
F
$59.6B
$291K 0.15%
+23,836
New +$265K
TXN icon
107
Texas Instruments
TXN
$253B
$291K 0.15%
1,706
-4,819
-74% -$747K
SLB icon
108
SLB Ltd
SLB
$74.2B
$289K 0.15%
5,550
-15,528
-74% -$844K
ULCC icon
109
Frontier Group Holdings
ULCC
$1.43B
$273K 0.14%
50,000
-902,746
-95% -$3.95M
AEP icon
110
American Electric Power
AEP
$72.4B
$262K 0.14%
+3,225
New +$250K
LMT icon
111
Lockheed Martin
LMT
$134B
$261K 0.13%
+575
New +$255K
UAL icon
112
United Airlines
UAL
$40.2B
$249K 0.13%
+6,030
New +$237K
DRI icon
113
Darden Restaurants
DRI
$23.7B
$238K 0.12%
+1,450
New +$220K
LULU icon
114
lululemon athletica
LULU
$13.7B
$230K 0.12%
+449
New +$194K
STKL
115
DELISTED
SunOpta
STKL
$227K 0.12%
41,500
-609,000
-94% -$2.67M
WBA
116
DELISTED
Walgreens Boots Alliance
WBA
$224K 0.12%
+8,584
New +$192K
CNK icon
117
Cinemark Holdings
CNK
$4.09B
$223K 0.11%
15,850
-495,302
-97% -$7.7M
ORCL icon
118
Oracle
ORCL
$346B
$211K 0.11%
+2,000
New +$218K
STR
119
DELISTED
Sitio Royalties
STR
$208K 0.11%
+8,832
New +$205K
DE icon
120
Deere & Co
DE
$173B
$201K 0.1%
503
-3,497
-87% -$1.32M
UPLD icon
121
Upland Software
UPLD
$14.4M
$184K 0.09%
4,350
-138,381
-97% -$5.98M
GEO icon
122
The GEO Group
GEO
$4.11B
$165K 0.09%
15,275
-33,275
-69% -$318K
ACA icon
123
Arcosa
ACA
$7.13B
– –
-20,000
Closed -$1.44M
AESI icon
124
Atlas Energy Solutions
AESI
$1.37B
– –
-39,700
Closed -$883K
ALG icon
125
Alamo Group
ALG
$2B
– –
-13,000
Closed -$2.25M
3 4
5
6 7

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First Dallas Securities's Q4 2023 Portfolio in Review

As of Q4 2023, First Dallas Securities held 188 positions worth $194M, down 56% from $437M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

First Dallas Securities withdrew a net $254M in Q4 2023, closing 66 positions and reducing 43 holdings. Its most notable exit was SM Energy, an estimated $8.67M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Energy and Industrials.

Against the trend, First Dallas Securities opened a new position in Boeing worth $4.27M.

  • First Dallas Securities's largest Q4 2023 buy was Boeing: 16,374 shares worth $4.27M.
  • First Dallas Securities added most to Apple in Q4 2023, an estimated $16.3M increase.
  • First Dallas Securities's biggest Q4 2023 reduction was Matador Resources, cutting an estimated $22M.
  • First Dallas Securities fully exited SM Energy in Q4 2023, selling an estimated $8.67M.
  • First Dallas Securities's ten largest holdings make up 42% of its $194M portfolio in Q4 2023.
  • First Dallas Securities opened 54 new positions and closed 66 in Q4 2023.
  • First Dallas Securities's portfolio value fell 56% quarter-over-quarter to $194M.

Based on First Dallas Securities's 13F filing for Q4 2023, filed 13 Feb 2024.