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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
+10.34%
1 Year Est. Return
+47.81%
3 Year Est. Return
+163.1%
5 Year Est. Return
+222.74%
10 Year Est. Return
–
AUM
$194M
AUM Growth
-$243M
(-56%)
Cap. Flow
-$254M
Cap. Flow
% of AUM
-130.75%
Top 10 Holdings %
Top 10 Hldgs %
41.77%
Holding
188
New
54
Increased
25
Reduced
43
Closed
66
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$16.3M |
| 2 |
ExxonMobil
XOM
|
+$4.21M |
| 3 |
Boeing
BA
|
+$3.5M |
| 4 |
Oneok
OKE
|
+$3.06M |
| 5 |
Amgen
AMGN
|
+$2.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Matador Resources
MTDR
|
+$22M |
| 2 |
Eagle Materials
EXP
|
+$12.2M |
| 3 |
WIRE
Encore Wire Corp
WIRE
|
+$11.6M |
| 4 |
On Holding
ONON
|
+$10.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
126
Alaska Air
ALK
$4.45B
| – | – |
-101,617
| Closed | -$3.77M |
|
127
Alta Equipment Group
ALTG
$191M
| – | – |
-164,900
| Closed | -$1.99M |
|
128
Applovin
APP
$110B
| – | – |
-100,000
| Closed | -$4M |
|
129
Aviat Networks
AVNW
$252M
| – | – |
-34,300
| Closed | -$1.07M |
|
|
AZEK
130
DELISTED
The AZEK Co
AZEK
| – | – |
-10,050
| Closed | -$299K |
|
131
AZZ Inc
AZZ
$3.96B
| – | – |
-22,450
| Closed | -$1.02M |
|
132
BancFirst
BANF
$3.76B
| – | – |
-10,000
| Closed | -$867K |
|
133
Brunswick
BC
$4.48B
| – | – |
-40,345
| Closed | -$3.19M |
|
134
Booking.com
BKNG
$129B
| – | – |
-750
| Closed | -$1.82M |
|
135
Blue Bird Corp
BLBD
$1.98B
| – | – |
-29,500
| Closed | -$630K |
|
136
Bausch + Lomb
BLCO
$6.23B
| – | – |
-238,100
| Closed | -$4.04M |
|
137
Chord Energy
CHRD
$8.43B
| – | – |
-8,372
| Closed | -$1.36M |
|
138
Coherent
COHR
$54.1B
| – | – |
-151,692
| Closed | -$4.95M |
|
139
Carpenter Technology
CRS
$20.5B
| – | – |
-20,000
| Closed | -$1.34M |
|
|
CVGW
140
DELISTED
Calavo Growers
CVGW
| – | – |
-22,000
| Closed | -$555K |
|
141
Diodes
DIOD
$4.12B
| – | – |
-52,743
| Closed | -$4.16M |
|
142
Distribution Solutions Group
DSGR
$1.61B
| – | – |
-136,858
| Closed | -$3.56M |
|
143
e.l.f. Beauty
ELF
$5.72B
| – | – |
-32,500
| Closed | -$3.57M |
|
144
Griffon
GFF
$4.17B
| – | – |
-10,900
| Closed | -$432K |
|
145
SPDR Gold Trust
GLD
$145B
| – | – |
-1,800
| Closed | -$309K |
|
146
Group 1 Automotive
GPI
$3.34B
| – | – |
-14,276
| Closed | -$3.84M |
|
147
Graphic Packaging
GPK
$2.83B
| – | – |
-160,000
| Closed | -$3.56M |
|
148
Gulfport Energy Corp
GPOR
$3.09B
| – | – |
-6,600
| Closed | -$783K |
|
149
Home BancShares
HOMB
$6.05B
| – | – |
-63,500
| Closed | -$1.33M |
|
150
Herc Holdings
HRI
$4.66B
| – | – |
-2,400
| Closed | -$285K |
|
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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.