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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
+10.34%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
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 | |
|---|---|---|---|---|---|---|
176
Texas Capital Bancshares
TCBI
$4.29B
| – | – |
-20,000
| Closed | -$1.18M |
|
|
THS
177
DELISTED
Treehouse Foods
THS
| – | – |
-18,900
| Closed | -$824K |
|
178
Tiptree Inc
TIPT
$678M
| – | – |
-26,985
| Closed | -$452K |
|
|
TMHC
179
DELISTED
Taylor Morrison
TMHC
| – | – |
-154,760
| Closed | -$6.59M |
|
180
Twilio
TWLO
$29.5B
| – | – |
-80,000
| Closed | -$4.68M |
|
181
Texas Roadhouse
TXRH
$13.5B
| – | – |
-20,041
| Closed | -$1.93M |
|
182
Union Pacific
UNP
$175B
| – | – |
-6,468
| Closed | -$1.32M |
|
183
US Physical Therapy
USPH
$1.2B
| – | – |
-11,695
| Closed | -$1.07M |
|
184
NCR Voyix
VYX
$1.19B
| – | – |
-516,343
| Closed | -$8.54M |
|
|
DXYN
185
DELISTED
Dixie Group Inc
DXYN
| – | – |
-466,282
| Closed | -$321K |
|
|
IBTX
186
DELISTED
Independent Bank Group, Inc.
IBTX
| – | – |
-101,039
| Closed | -$4M |
|
|
VSTO
187
DELISTED
Vista Outdoor Inc.
VSTO
| – | – |
-192,601
| Closed | -$6.38M |
|
|
SBDS
188
DELISTED
Solo Brands Inc
SBDS
| – | – |
-14,793
| Closed | -$3.02M |
|
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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.