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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
+1.04%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$24.7M
(-18%)
Cap. Flow
-$25.3M
Cap. Flow
% of AUM
-22.1%
Top 10 Holdings %
Top 10 Hldgs %
43.64%
Holding
96
New
4
Increased
25
Reduced
47
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dow Inc
DOW
|
+$1.04M |
| 2 |
SLB Ltd
SLB
|
+$640K |
| 3 |
Merck
MRK
|
+$540K |
| 4 |
NXP Semiconductors
NXPI
|
+$410K |
| 5 |
Applied Materials
AMAT
|
+$349K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
USCR
U S Concrete, Inc.
USCR
|
+$1.36M |
| 2 |
Texas Pacific Land
TPL
|
+$794K |
| 3 |
Eagle Materials
EXP
|
+$663K |
| 4 |
Cisco
CSCO
|
+$660K |
| 5 |
LTXB
LegacyTexas Financial Group Inc
LTXB
|
+$592K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.47% |
| 2 | Industrials | 20.92% |
| 3 | Healthcare | 8.46% |
| 4 | Utilities | 7.31% |
| 5 | Financials | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$26.9B
| $16.5M | 14.43% |
188,613
-8,856
| -4% | -$794K |
|
2
Boeing
BA
$175B
| $6.36M | 5.56% |
17,465
-113
| -0.6% | -$41.2K |
|
3
Commercial Metals
CMC
$7.8B
| $5.46M | 4.77% |
305,717
+1,011
| +0.3% | +$16.5K |
|
4
Johnson & Johnson
JNJ
$643B
| $3.63M | 3.18% |
26,075
-98
| -0.4% | -$13.6K |
|
5
International Paper
IP
$23.3B
| $3.2M | 2.8% |
78,102
-13,862
| -15% | -$587K |
|
|
6
Merck
MRK
$326B
| $3.08M | 2.69% |
38,474
+7,055
| +22% | +$540K |
|
7
The GEO Group
GEO
$4.11B
| $3.04M | 2.66% |
144,953
-3,444
| -2% | -$72.7K |
|
8
Ryman Hospitality Properties
RHP
$8.58B
| $2.95M | 2.58% |
36,406
-1,635
| -4% | -$134K |
|
9
Xcel Energy
XEL
$50.1B
| $2.9M | 2.54% |
48,817
-1,642
| -3% | -$94.4K |
|
10
AT&T
T
$169B
| $2.77M | 2.42% |
109,320
+5,567
| +5% | +$134K |
|
11
Oneok
OKE
$55.9B
| $2.74M | 2.4% |
39,885
+200
| +0.5% | +$13.5K |
|
12
Bank of America
BAC
$439B
| $2.72M | 2.38% |
93,667
-4,245
| -4% | -$122K |
|
13
ExxonMobil
XOM
$634B
| $2.54M | 2.22% |
33,117
-649
| -2% | -$50.2K |
|
|
ENLC
14
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.44M | 2.13% |
241,297
+1,245
| +0.5% | +$13.9K |
|
|
15
Eagle Materials
EXP
$6.86B
| $2.39M | 2.09% |
25,736
-7,516
| -23% | -$663K |
|
16
Verizon
VZ
$201B
| $2.36M | 2.06% |
41,297
+1,155
| +3% | +$66.6K |
|
17
Southwest Airlines
LUV
$22.7B
| $2.26M | 1.97% |
44,434
-2,650
| -6% | -$137K |
|
18
Atmos Energy
ATO
$29.9B
| $1.96M | 1.71% |
18,550
-98
| -0.5% | -$10K |
|
19
American Airlines Group
AAL
$10.2B
| $1.96M | 1.71% |
59,943
-3,387
| -5% | -$109K |
|
20
Triumph Financial Inc
TFIN
$1.84B
| $1.86M | 1.63% |
64,100
-8,005
| -11% | -$239K |
|
|
X
21
DELISTED
US Steel
X
| $1.59M | 1.39% |
103,816
+9,452
| +10% | +$146K |
|
|
USCR
22
DELISTED
U S Concrete, Inc.
USCR
| $1.56M | 1.36% |
31,381
-29,145
| -48% | -$1.36M |
|
23
Walmart Inc
WMT
$900B
| $1.43M | 1.25% |
38,820
-891
| -2% | -$30.7K |
|
24
AbbVie
ABBV
$465B
| $1.42M | 1.24% |
19,458
+280
| +1% | +$22K |
|
25
Duke Energy
DUK
$101B
| $1.41M | 1.24% |
16,020
-232
| -1% | -$20.5K |
|
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First Dallas Securities's Q2 2019 Portfolio in Review
As of Q2 2019, First Dallas Securities held 96 positions worth $114M, down 18% from $139M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
First Dallas Securities withdrew a net $25.3M in Q2 2019, closing 11 positions and reducing 47 holdings. Its most notable exit was LegacyTexas Financial Group Inc, an estimated $592K position sold in full.
By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 22% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, First Dallas Securities opened a new position in Dow Inc worth $967K.
- First Dallas Securities's largest Q2 2019 buy was Dow Inc: 19,620 shares worth $967K.
- First Dallas Securities added most to SLB Ltd in Q2 2019, an estimated $640K increase.
- First Dallas Securities's biggest Q2 2019 reduction was U S Concrete, Inc., cutting an estimated $1.36M.
- First Dallas Securities fully exited LegacyTexas Financial Group Inc in Q2 2019, selling an estimated $592K.
- First Dallas Securities's ten largest holdings make up 44% of its $114M portfolio in Q2 2019.
- First Dallas Securities opened 4 new positions and closed 11 in Q2 2019.
- First Dallas Securities's portfolio value fell 18% quarter-over-quarter to $114M.
Based on First Dallas Securities's 13F filing for Q2 2019, filed 22 Aug 2019.