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FDS

First Dallas Securities Portfolio holdings

AUM $303M
1-Year Est. Return 47.81%
This Fund
S&P 500
This Quarter Est. Return
+0%
1 Year Est. Return
+47.81%
3 Year Est. Return
+163.1%
5 Year Est. Return
+222.74%
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
PANW icon
126
Palo Alto Networks
PANW
$307B
$299K 0.07%
+2,554
New +$302K
AMGN icon
127
Amgen
AMGN
$203B
$295K 0.07%
1,099
-9,817
-90% -$2.45M
HRI icon
128
Herc Holdings
HRI
$4.65B
$285K 0.07%
+2,400
New +$313K
MDT icon
129
Medtronic
MDT
$120B
$282K 0.06%
3,594
-6,317
-64% -$529K
AXP icon
130
American Express
AXP
$219B
$228K 0.05%
1,525
-12,656
-89% -$2.07M
CVX icon
131
Chevron
CVX
$427B
$224K 0.05%
1,327
-1,700
-56% -$275K
AGCO icon
132
AGCO
AGCO
$8.67B
$222K 0.05%
1,877
-1,473
-44% -$187K
DAL icon
133
Delta Air Lines
DAL
$51.9B
$215K 0.05%
5,813
-2,692
-32% -$117K
ET icon
134
Energy Transfer Partners
ET
$73.4B
$165K 0.04%
11,750
-132,622
-92% -$1.76M
SLND.WS icon
135
Southland Holdings Warrants
SLND.WS
$675K
– –
0
– –
AEE icon
136
Ameren
AEE
$28.5B
– –
-5,738
Closed -$469K
AEP icon
137
American Electric Power
AEP
$65.7B
– –
-3,225
Closed -$272K
ATO icon
138
Atmos Energy
ATO
$27.4B
– –
-6,331
Closed -$737K
BA icon
139
Boeing
BA
$166B
– –
-12,694
Closed -$2.68M
BAC icon
140
Bank of America
BAC
$416B
– –
-72,815
Closed -$2.09M
BMY icon
141
Bristol-Myers Squibb
BMY
$130B
– –
-6,531
Closed -$418K
BRK.A icon
142
Berkshire Hathaway Class A
BRK.A
$1.1T
– –
-1
Closed -$518K
BX icon
143
Blackstone
BX
$95.1B
– –
-27,675
Closed -$2.57M
C icon
144
Citigroup
C
$228B
– –
-5,965
Closed -$275K
CFR icon
145
Cullen/Frost Bankers
CFR
$10.1B
– –
-12,608
Closed -$1.36M
CMA
146
DELISTED
Comerica
CMA
– –
-20,608
Closed -$873K
CSCO icon
147
Cisco
CSCO
$434B
– –
-12,675
Closed -$656K
CSWC icon
148
Capital Southwest
CSWC
$1.52B
– –
-22,500
Closed -$444K
CVS icon
149
CVS Health
CVS
$121B
– –
-5,500
Closed -$380K
DOW icon
150
Dow Inc
DOW
$21.6B
– –
-11,391
Closed -$607K
4 5
6
7 8

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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.