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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
Cap. Flow
-$254M
Cap. Flow %
-130.75%
Top 10 Hldgs %
41.77%
Holding
188
New
54
Increased
25
Reduced
43
Closed
66

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$16.3M
2
XOM icon
ExxonMobil
XOM
+$4.21M
3
BA icon
Boeing
BA
+$3.5M
4
OKE icon
Oneok
OKE
+$3.06M
5
AMGN icon
Amgen
AMGN
+$2.91M

Top Sells

Rank Stock Value
1
MTDR icon
Matador Resources
MTDR
+$22M
2
EXP icon
Eagle Materials
EXP
+$12.2M
3
WIRE
Encore Wire Corp
WIRE
+$11.6M
4
ONON icon
On Holding
ONON
+$10.6M
5
CLF icon
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
AAPL icon
1
Apple
AAPL
$4.99T
$19.5M 10.05%
101,276
+88,135
+671% +$16.3M
TPL icon
2
Texas Pacific Land
TPL
$26.9B
$15.4M 7.91%
87,876
+14,571
+20% +$2.77M
NVDA icon
3
NVIDIA
NVDA
$4.77T
$8.09M 4.17%
163,260
+4,440
+3% +$206K
WIRE
4
DELISTED
Encore Wire Corp
WIRE
$7.87M 4.05%
36,824
-60,681
-62% -$11.6M
MSFT icon
5
Microsoft
MSFT
$2.92T
$6.1M 3.14%
16,223
+8,028
+98% +$2.86M
XOM icon
6
ExxonMobil
XOM
$634B
$6.04M 3.11%
60,365
+40,052
+197% +$4.21M
UBER icon
7
Uber
UBER
$144B
$5.86M 3.02%
95,150
-195,615
-67% -$10.2M
OKE icon
8
Oneok
OKE
$55.9B
$4.55M 2.34%
64,791
+45,612
+238% +$3.06M
BA icon
9
Boeing
BA
$175B
$4.27M 2.2%
+16,374
New +$3.5M
FCX icon
10
Freeport-McMoran
FCX
$88.6B
$3.45M 1.78%
81,115
-73,958
-48% -$2.73M
AMGN icon
11
Amgen
AMGN
$212B
$3.39M 1.75%
11,778
+10,679
+972% +$2.91M
EXP icon
12
Eagle Materials
EXP
$6.86B
$3.19M 1.65%
15,746
-69,677
-82% -$12.2M
ABBV icon
13
AbbVie
ABBV
$465B
$3.1M 1.6%
19,976
+12,528
+168% +$1.83M
CAT icon
14
Caterpillar
CAT
$387B
$3.04M 1.57%
10,298
+6,226
+153% +$1.62M
HD icon
15
Home Depot
HD
$343B
$2.99M 1.54%
8,628
+5,342
+163% +$1.65M
CLF icon
16
Cleveland-Cliffs
CLF
$6.84B
$2.97M 1.53%
145,350
-601,595
-81% -$10.3M
META icon
17
Meta Platforms (Facebook)
META
$1.51T
$2.9M 1.5%
+8,206
New +$2.67M
JPM icon
18
JPMorgan Chase
JPM
$950B
$2.57M 1.32%
15,106
+7,124
+89% +$1.08M
EXE
19
Expand Energy Corp
EXE
$21.2B
$2.55M 1.31%
33,086
-18,633
-36% -$1.53M
AXP icon
20
American Express
AXP
$227B
$2.5M 1.29%
13,374
+11,849
+777% +$1.91M
LLY icon
21
Eli Lilly
LLY
$1.09T
$2.46M 1.27%
+4,223
New +$2.46M
MMM icon
22
3M
MMM
$94.1B
$2.36M 1.22%
25,806
+13,734
+114% +$1.1M
FLG
23
Flagstar Bank National Association
FLG
$5.83B
$2.31M 1.19%
+75,441
New +$2.26M
ENLC
24
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$2.31M 1.19%
+189,856
New +$2.38M
JNJ icon
25
Johnson & Johnson
JNJ
$643B
$2.19M 1.13%
+13,984
New +$2.14M
1
2 3 4 5

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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.