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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
+9.83%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$267M
AUM Growth
+$13.9M
Cap. Flow
-$2.32M
Cap. Flow %
-0.87%
Top 10 Hldgs %
47.24%
Holding
127
New
4
Increased
42
Reduced
48
Closed
14

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$2.31M
2
RHP icon
Ryman Hospitality Properties
RHP
+$1.3M
3
MRP
Millrose Properties Inc
MRP
+$1.14M
4
LLY icon
Eli Lilly
LLY
+$1.12M
5
GEO icon
The GEO Group
GEO
+$1.06M

Top Sells

Rank Stock Value
1
WYNN icon
Wynn Resorts
WYNN
+$3.45M
2
IBM icon
IBM
IBM
+$2.02M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.41M
4
TPL icon
Texas Pacific Land
TPL
+$1.34M
5
DVN icon
Devon Energy
DVN
+$754K

Sector Composition

Rank Sector Weight
1 Technology 32.07%
2 Energy 13.67%
3 Consumer Discretionary 10.34%
4 Industrials 10.14%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$4.77T
$38.8M 14.54%
208,002
-905
-0.4% -$158K
TPL icon
2
Texas Pacific Land
TPL
$26.9B
$20.4M 7.63%
65,448
-4,254
-6% -$1.34M
AAPL icon
3
Apple
AAPL
$4.99T
$17.5M 6.55%
68,667
-1,043
-1% -$236K
AMZN icon
4
Amazon
AMZN
$2.48T
$8.88M 3.33%
40,426
+654
+2% +$148K
MSFT icon
5
Microsoft
MSFT
$2.92T
$8.76M 3.28%
16,919
+190
+1% +$96.9K
UBER icon
6
Uber
UBER
$144B
$7.6M 2.85%
77,527
-1,000
-1% -$93.5K
BA icon
7
Boeing
BA
$175B
$6.81M 2.55%
31,557
+3,810
+14% +$859K
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$6.69M 2.5%
9,105
-432
-5% -$322K
XOM icon
9
ExxonMobil
XOM
$634B
$5.37M 2.01%
47,624
-1,211
-2% -$135K
OKE icon
10
Oneok
OKE
$55.9B
$5.34M 2%
73,113
+1,860
+3% +$142K
FCX icon
11
Freeport-McMoran
FCX
$88.6B
$4.97M 1.86%
126,844
+16,088
+15% +$698K
CAT icon
12
Caterpillar
CAT
$387B
$4.72M 1.77%
9,890
-49
-0.5% -$20.9K
LLY icon
13
Eli Lilly
LLY
$1.09T
$4.53M 1.7%
5,943
+1,500
+34% +$1.12M
JPM icon
14
JPMorgan Chase
JPM
$950B
$4.36M 1.63%
13,816
-260
-2% -$77.3K
HD icon
15
Home Depot
HD
$343B
$4.09M 1.53%
10,084
+697
+7% +$274K
EXP icon
16
Eagle Materials
EXP
$6.86B
$3.84M 1.44%
16,482
+701
+4% +$159K
ABBV icon
17
AbbVie
ABBV
$465B
$3.79M 1.42%
16,372
-321
-2% -$65.4K
DKNG icon
18
DraftKings
DKNG
$12.2B
$3.77M 1.41%
100,911
+1,000
+1% +$44.3K
CLF icon
19
Cleveland-Cliffs
CLF
$6.84B
$3.61M 1.35%
295,800
-16,240
-5% -$171K
ETD icon
20
Ethan Allen Interiors
ETD
$606M
$3.48M 1.3%
118,151
+9,361
+9% +$276K
VST icon
21
Vistra
VST
$50.1B
$3.43M 1.28%
17,499
-1,709
-9% -$339K
SN icon
22
SharkNinja
SN
$22.6B
$3.26M 1.22%
31,625
-2,465
-7% -$282K
MRP
23
Millrose Properties Inc
MRP
$4.75B
$3.1M 1.16%
92,299
+35,319
+62% +$1.14M
WMT icon
24
Walmart Inc
WMT
$900B
$3.05M 1.14%
29,604
+503
+2% +$50.1K
KEX icon
25
Kirby Corp
KEX
$7.77B
$3.05M 1.14%
36,525
+7,390
+25% +$742K
1
2 3 4 5

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First Dallas Securities's Q3 2025 Portfolio in Review

As of Q3 2025, First Dallas Securities held 127 positions worth $267M, up 5.5% from $253M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

First Dallas Securities's Q3 2025 filing shows 4 new, 42 increased, 48 reduced and 14 closed positions. Its largest new stake was UnitedHealth: 7,641 shares worth $2.64M. The largest sale was Wynn Resorts, an estimated $3.45M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 30% a quarter earlier, followed by Energy and Consumer Discretionary.

  • First Dallas Securities's largest Q3 2025 buy was UnitedHealth: 7,641 shares worth $2.64M.
  • First Dallas Securities added most to Ryman Hospitality Properties in Q3 2025, an estimated $1.3M increase.
  • First Dallas Securities's biggest Q3 2025 reduction was IBM, cutting an estimated $2.02M.
  • First Dallas Securities fully exited Wynn Resorts in Q3 2025, selling an estimated $3.45M.
  • First Dallas Securities's ten largest holdings make up 47% of its $267M portfolio in Q3 2025.
  • First Dallas Securities opened 4 new positions and closed 14 in Q3 2025.
  • First Dallas Securities's portfolio value rose 5.5% quarter-over-quarter to $267M.

Based on First Dallas Securities's 13F filing for Q3 2025, filed 5 Nov 2025.