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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
(+144%)
Cap. Flow
+$266M
Cap. Flow
% of AUM
60.9%
Top 10 Holdings %
Top 10 Hldgs %
30.73%
Holding
195
New
71
Increased
41
Reduced
22
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Matador Resources
MTDR
|
+$22.1M |
| 2 |
Eagle Materials
EXP
|
+$12.5M |
| 3 |
On Holding
ONON
|
+$12.3M |
| 4 |
WIRE
Encore Wire Corp
WIRE
|
+$11.5M |
| 5 |
Shift4
FOUR
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$16.2M |
| 2 |
ExxonMobil
XOM
|
+$3.95M |
| 3 |
Texas Pacific Land
TPL
|
+$3.05M |
| 4 |
Oneok
OKE
|
+$3.05M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Darden Restaurants
DRI
$23.7B
| – | – |
-1,450
| Closed | -$242K |
|
152
Duke Energy
DUK
$91.8B
| – | – |
-11,501
| Closed | -$1.03M |
|
153
Devon Energy
DVN
$56.5B
| – | – |
-10,133
| Closed | -$490K |
|
154
Ford
F
$53.8B
| – | – |
-32,592
| Closed | -$493K |
|
155
Diamondback Energy
FANG
$59.2B
| – | – |
-2,500
| Closed | -$328K |
|
156
General Motors
GM
$74.9B
| – | – |
-66,994
| Closed | -$2.58M |
|
|
XRN
157
Chiron Real Estate Inc
XRN
$478M
| – | – |
-8,200
| Closed | -$374K |
|
158
Honeywell
HON
$64.5B
| – | – |
-2,599
| Closed | -$508K |
|
159
IBM
IBM
$234B
| – | – |
-2,100
| Closed | -$281K |
|
160
Intuitive Surgical
ISRG
$133B
| – | – |
-655
| Closed | -$224K |
|
161
Johnson & Johnson
JNJ
$644B
| – | – |
-14,489
| Closed | -$2.4M |
|
162
Coca-Cola
KO
$382B
| – | – |
-16,315
| Closed | -$983K |
|
163
Eli Lilly
LLY
$1.01T
| – | – |
-4,625
| Closed | -$2.17M |
|
164
Lockheed Martin
LMT
$123B
| – | – |
-575
| Closed | -$265K |
|
165
Southwest Airlines
LUV
$19.2B
| – | – |
-25,999
| Closed | -$941K |
|
166
Meta Platforms (Facebook)
META
$1.71T
| – | – |
-7,577
| Closed | -$2.17M |
|
167
Moderna
MRNA
$57.4B
| – | – |
-1,725
| Closed | -$210K |
|
168
Netflix
NFLX
$324B
| – | – |
-4,900
| Closed | -$216K |
|
169
Oracle
ORCL
$404B
| – | – |
-2,000
| Closed | -$238K |
|
170
Procter & Gamble
PG
$341B
| – | – |
-3,243
| Closed | -$492K |
|
171
Qualcomm
QCOM
$201B
| – | – |
-8,225
| Closed | -$979K |
|
172
Transocean
RIG
$6.63B
| – | – |
-34,090
| Closed | -$239K |
|
173
RTX Corp
RTX
$263B
| – | – |
-2,868
| Closed | -$281K |
|
174
Southern Company
SO
$98.9B
| – | – |
-8,990
| Closed | -$632K |
|
175
Simon Property Group
SPG
$66B
| – | – |
-3,000
| Closed | -$346K |
|
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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.