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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
+9.83%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$267M
AUM Growth
+$13.9M
Cap. Flow
-$2.32M
Cap. Flow %
-0.87%
Top 10 Hldgs %
47.24%
Holding
127
New
4
Increased
42
Reduced
48
Closed
14

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$2.31M
2
RHP icon
Ryman Hospitality Properties
RHP
+$1.3M
3
MRP
Millrose Properties Inc
MRP
+$1.14M
4
LLY icon
Eli Lilly
LLY
+$1.12M
5
GEO icon
The GEO Group
GEO
+$1.06M

Top Sells

Rank Stock Value
1
WYNN icon
Wynn Resorts
WYNN
+$3.45M
2
IBM icon
IBM
IBM
+$2.02M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.41M
4
TPL icon
Texas Pacific Land
TPL
+$1.34M
5
DVN icon
Devon Energy
DVN
+$754K

Sector Composition

Rank Sector Weight
1 Technology 32.07%
2 Energy 13.67%
3 Consumer Discretionary 10.34%
4 Industrials 10.14%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COP icon
101
ConocoPhillips
COP
$139B
$290K 0.11%
3,068
-100
-3% -$9.45K
GEV icon
102
GE Vernova
GEV
$251B
$290K 0.11%
471
– –
LMT icon
103
Lockheed Martin
LMT
$134B
$287K 0.11%
575
– –
URI icon
104
United Rentals
URI
$67.9B
$286K 0.11%
300
– –
GE icon
105
GE Aerospace
GE
$377B
$267K 0.1%
887
– –
GNRC icon
106
Generac Holdings
GNRC
$11.5B
$243K 0.09%
1,450
-100
-6% -$17.5K
FOUR icon
107
Shift4
FOUR
$4.35B
$240K 0.09%
3,100
-125
-4% -$11.6K
EAT icon
108
Brinker International
EAT
$8.5B
$238K 0.09%
+1,875
New +$293K
AIOT
109
PowerFleet Inc
AIOT
$525M
$228K 0.09%
43,500
+5,000
+13% +$23.1K
PG icon
110
Procter & Gamble
PG
$347B
$225K 0.08%
1,465
-250
-15% -$39K
FANG icon
111
Diamondback Energy
FANG
$53.5B
$222K 0.08%
1,550
– –
SNBR
112
DELISTED
Sleep Number
SNBR
$91.3K 0.03%
+13,000
New +$114K
ABNB icon
113
Airbnb
ABNB
$90.9B
– –
-2,655
Closed -$351K
CYBR
114
DELISTED
CyberArk
CYBR
– –
-1,600
Closed -$651K
DE icon
115
Deere & Co
DE
$173B
– –
-841
Closed -$427K
EQT icon
116
EQT Corp
EQT
$32.3B
– –
-4,040
Closed -$236K
XRN
117
Chiron Real Estate Inc
XRN
$541M
– –
-3,200
Closed -$111K
GOOGL icon
118
Alphabet (Google) Class A
GOOGL
$4.08T
– –
-8,014
Closed -$1.41M
ISRG icon
119
Intuitive Surgical
ISRG
$130B
– –
-900
Closed -$489K
NCLH icon
120
Norwegian Cruise Line
NCLH
$9.74B
– –
-17,100
Closed -$347K
PTLO icon
121
Portillo's
PTLO
$339M
– –
-37,250
Closed -$435K
SFIX
122
Stitch Fix
SFIX
$563M
– –
-10,000
Closed -$37K
TFIN icon
123
Triumph Financial Inc
TFIN
$1.84B
– –
-4,075
Closed -$225K
UAL icon
124
United Airlines
UAL
$40.2B
– –
-2,600
Closed -$207K
WYNN icon
125
Wynn Resorts
WYNN
$10.3B
– –
-36,817
Closed -$3.45M
2 3 4
5
6

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First Dallas Securities's Q3 2025 Portfolio in Review

As of Q3 2025, First Dallas Securities held 127 positions worth $267M, up 5.5% from $253M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

First Dallas Securities's Q3 2025 filing shows 4 new, 42 increased, 48 reduced and 14 closed positions. Its largest new stake was UnitedHealth: 7,641 shares worth $2.64M. The largest sale was Wynn Resorts, an estimated $3.45M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 30% a quarter earlier, followed by Energy and Consumer Discretionary.

  • First Dallas Securities's largest Q3 2025 buy was UnitedHealth: 7,641 shares worth $2.64M.
  • First Dallas Securities added most to Ryman Hospitality Properties in Q3 2025, an estimated $1.3M increase.
  • First Dallas Securities's biggest Q3 2025 reduction was IBM, cutting an estimated $2.02M.
  • First Dallas Securities fully exited Wynn Resorts in Q3 2025, selling an estimated $3.45M.
  • First Dallas Securities's ten largest holdings make up 47% of its $267M portfolio in Q3 2025.
  • First Dallas Securities opened 4 new positions and closed 14 in Q3 2025.
  • First Dallas Securities's portfolio value rose 5.5% quarter-over-quarter to $267M.

Based on First Dallas Securities's 13F filing for Q3 2025, filed 5 Nov 2025.