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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
+0%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
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
STR
176
DELISTED
Sitio Royalties
STR
– –
-9,630
Closed -$253K
T icon
177
AT&T
T
$169B
– –
-93,689
Closed -$1.49M
TGT icon
178
Target
TGT
$65.5B
– –
-2,853
Closed -$376K
TSM icon
179
TSMC
TSM
$2.03T
– –
-10,750
Closed -$1.08M
UAL icon
180
United Airlines
UAL
$40.2B
– –
-5,530
Closed -$303K
UNH icon
181
UnitedHealth
UNH
$389B
– –
-950
Closed -$457K
UPS icon
182
United Parcel Service
UPS
$89.7B
– –
-12,286
Closed -$2.2M
URI icon
183
United Rentals
URI
$67.9B
– –
-975
Closed -$434K
VST icon
184
Vistra
VST
$50.1B
– –
-50,063
Closed -$1.31M
VZ icon
185
Verizon
VZ
$201B
– –
-25,549
Closed -$950K
WBA
186
DELISTED
Walgreens Boots Alliance
WBA
– –
-13,050
Closed -$372K
WFC icon
187
Wells Fargo
WFC
$263B
– –
-10,650
Closed -$455K
WHR icon
188
Whirlpool
WHR
$2.49B
– –
-8,307
Closed -$1.24M
XEL icon
189
Xcel Energy
XEL
$50.1B
– –
-35,922
Closed -$2.23M
FLG
190
Flagstar Bank National Association
FLG
$5.83B
– –
-58,791
Closed -$1.98M
XIFR
191
XPLR Infrastructure LP
XIFR
$1.11B
– –
-7,950
Closed -$466K
ENLC
192
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
– –
-213,981
Closed -$2.27M
SIX
193
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-9,700
Closed -$252K
PXD
194
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-2,178
Closed -$451K
ATVI
195
DELISTED
Activision Blizzard
ATVI
– –
-5,000
Closed -$422K
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.