13F HOLDINGS REPORT
First Dallas Securities Inc.
Quarter ended Q3 2025 · Filed November 5, 2025 · Accession 0001378559-25-000006
Total Value
$266.9M
Positions
113
Other Managers
0
Confidential Omitted
No
Holdings (113)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Nvidia Corporation | NVDA | 208,002 | $38.8M | 14.54% |
| 2 | Texas Pacific Land Corporation | TPL | 21,816 | $20.4M | 7.63% |
| 3 | Apple Inc | AAPL | 68,667 | $17.5M | 6.55% |
| 4 | Amazon.Com Inc | AMZN | 40,426 | $8.9M | 3.33% |
| 5 | Microsoft Corp | MSFT | 16,919 | $8.8M | 3.28% |
| 6 | Uber Technologies Inc | UBER | 77,527 | $7.6M | 2.85% |
| 7 | Boeing Co | BA-PA | 31,557 | $6.8M | 2.55% |
| 8 | Meta Platforms Inc Cl A | META | 9,105 | $6.7M | 2.50% |
| 9 | Exxon Mobile Corp | XOM | 47,624 | $5.4M | 2.01% |
| 10 | Oneok Inc | OKE | 73,113 | $5.3M | 2.00% |
| 11 | Freeport-Mcmoran Inc Cl B | FCX | 126,844 | $5.0M | 1.86% |
| 12 | Caterpillar Inc | CAT | 9,890 | $4.7M | 1.77% |
| 13 | Eli Lilly & Co | LLY | 5,943 | $4.5M | 1.70% |
| 14 | Jpmorgan Chase & Co | VYLD | 13,816 | $4.4M | 1.63% |
| 15 | Home Depot Inc | HD | 10,084 | $4.1M | 1.53% |
| 16 | Eagle Materials Inc | 26969P108 | 16,482 | $3.8M | 1.44% |
| 17 | Abbvie Inc | ABBV | 16,372 | $3.8M | 1.42% |
| 18 | Draftkings Inc Cl A | DKNG | 100,911 | $3.8M | 1.41% |
| 19 | Cleveland-Cliffs Inc | CLF | 295,800 | $3.6M | 1.35% |
| 20 | Ethan Allen Interiors Inc | ETD | 118,151 | $3.5M | 1.30% |
| 21 | Vistra Corp | VST | 17,499 | $3.4M | 1.28% |
| 22 | Sharkninja Inc | SN | 31,625 | $3.3M | 1.22% |
| 23 | Millrose Properties Inc Cl A | 601137102 | 92,299 | $3.1M | 1.16% |
| 24 | Wal-Mart Inc | WMT | 29,604 | $3.1M | 1.14% |
| 25 | Kirby Corp | KEX | 36,525 | $3.0M | 1.14% |
| 26 | Terawulf Inc | WULF | 264,000 | $3.0M | 1.13% |
| 27 | Expand Energy Corporation | EXE | 28,340 | $3.0M | 1.13% |
| 28 | Citigroup Inc New | C-PR | 27,291 | $2.8M | 1.04% |
| 29 | Unitedhealth Group Inc | UNH | 7,641 | $2.6M | 0.99% |
| 30 | Taiwan Semiconductor Mfg Ltd S | 874039100 | 8,895 | $2.5M | 0.93% |
| 31 | Costco Wholesale Corp | 22160K105 | 2,655 | $2.5M | 0.92% |
| 32 | Ryman Hospitality Properties I | 78377T107 | 26,050 | $2.3M | 0.87% |
| 33 | At&T Inc | T-PC | 79,682 | $2.3M | 0.84% |
| 34 | Micron Technology Inc | MU | 12,655 | $2.1M | 0.79% |
| 35 | Johnson & Johnson | JNJ | 10,996 | $2.0M | 0.76% |
| 36 | Xcel Energy Inc Com | XELLL | 24,532 | $2.0M | 0.74% |
| 37 | Bank Of America Corp | 060505104 | 36,274 | $1.9M | 0.70% |
| 38 | Capital Southwest Corp | CSWC | 84,031 | $1.8M | 0.69% |
| 39 | Mastec Inc | MTZ | 8,150 | $1.7M | 0.65% |
| 40 | Wells Fargo Co | 949746101 | 19,834 | $1.7M | 0.62% |
| 41 | Hewlett Packard Enterprise Co | HPE-PC | 65,178 | $1.6M | 0.60% |
| 42 | American Express Co | AXP | 4,774 | $1.6M | 0.59% |
| 43 | Palantir Technologies Inc Cl A | PLTR | 8,219 | $1.5M | 0.56% |
| 44 | Intl Business Machines | INTR | 5,109 | $1.4M | 0.54% |
| 45 | Alphabet Inc Cap Stock Cl C | GOOG | 5,605 | $1.4M | 0.51% |
| 46 | Commercial Metals Co | CMC | 23,573 | $1.4M | 0.51% |
| 47 | Geo Group Inc | GEO | 62,935 | $1.3M | 0.48% |
| 48 | American Electric Power Co Inc | 025537101 | 11,047 | $1.2M | 0.47% |
| 49 | United Parcel Service Inc Cl B | UPS | 14,772 | $1.2M | 0.46% |
| 50 | Verizon Communications Inc | VZ | 27,281 | $1.2M | 0.45% |
| 51 | Amgen Inc | AMGN | 4,152 | $1.2M | 0.44% |
| 52 | Charles Schwab Corp | SCHW-PJ | 12,161 | $1.2M | 0.43% |
| 53 | Banc Of California Inc | BANC-PF | 69,575 | $1.2M | 0.43% |
| 54 | Duke Energy Corp New | DUKB | 9,018 | $1.1M | 0.42% |
| 55 | Blackstone Inc | BX | 6,410 | $1.1M | 0.41% |
| 56 | Powell Industries Inc | 739128106 | 3,575 | $1.1M | 0.41% |
| 57 | Tesla Inc | TSLA | 2,420 | $1.1M | 0.40% |
| 58 | Goldman Sachs Group Inc | GSCE | 1,250 | $995,437 | 0.37% |
| 59 | 3M Co | MMM | 6,246 | $969,328 | 0.36% |
| 60 | Spotify Technology Sa | SPOT | 1,343 | $937,414 | 0.35% |
| 61 | Merck & Co Inc | MRK | 10,509 | $882,010 | 0.33% |
| 62 | Atmos Energy Corp | ATO | 4,856 | $829,231 | 0.31% |
| 63 | Genius Sports Ltd Npv | GENI | 66,500 | $823,270 | 0.31% |
| 64 | Rh | RH | 3,975 | $807,561 | 0.30% |
| 65 | Morgan Stanley | MS-PQ | 5,062 | $804,656 | 0.30% |
| 66 | Coca-Cola Co | KO | 11,427 | $757,860 | 0.28% |
| 67 | Berkshire Hathaway Inc Cl A | BRK-A | 1 | $754,200 | 0.28% |
| 68 | Carpenter Technology Corp | CRS | 3,050 | $748,897 | 0.28% |
| 69 | Vertiv Holdings Co Cl A | VRT | 4,943 | $745,735 | 0.28% |
| 70 | Permian Resources Corp Class A | PR | 56,110 | $718,208 | 0.27% |
| 71 | Berkshire Hathaway Inc Cl B Ne | BRK-A | 1,302 | $654,567 | 0.25% |
| 72 | Visa Inc Cl A | V | 1,902 | $649,430 | 0.24% |
| 73 | Oracle Corp | ORCL-PD | 2,200 | $618,728 | 0.23% |
| 74 | Healthcare Realty Trust Cl A | 42226K105 | 33,655 | $606,800 | 0.23% |
| 75 | Vail Resorts Inc | MTN | 3,950 | $590,801 | 0.22% |
| 76 | Netflix Inc | NFLX | 490 | $587,471 | 0.22% |
| 77 | Simon Property Group Inc | 828806109 | 3,100 | $581,777 | 0.22% |
| 78 | Southern Co | SOMN | 6,020 | $570,515 | 0.21% |
| 79 | On Holding Ag Namen Akt A | H5919C104 | 13,440 | $569,184 | 0.21% |
| 80 | Ameren Corp | AEE | 5,215 | $544,298 | 0.20% |
| 81 | Dell Technologies Inc Cl C | DELL | 3,820 | $541,561 | 0.20% |
| 82 | Matador Resources Co | MTDR | 11,952 | $536,985 | 0.20% |
| 83 | Palo Alto Networks Inc | PANW | 2,560 | $521,267 | 0.20% |
| 84 | Honeywell Intl Inc | 438516106 | 2,350 | $494,675 | 0.19% |
| 85 | Life360 Inc | LIFX | 4,600 | $488,980 | 0.18% |
| 86 | Truist Financial Corp | 89832Q109 | 10,686 | $488,578 | 0.18% |
| 87 | Varonis Systems Inc | VRNS | 8,200 | $471,254 | 0.18% |
| 88 | Rtx Corporation | RTX | 2,578 | $431,406 | 0.16% |
| 89 | Broadcom Inc | AVGO | 1,270 | $418,986 | 0.16% |
| 90 | Cullen Frost Bankers Inc | CFR-PB | 3,278 | $415,552 | 0.16% |
| 91 | Fedex Corp | FDX | 1,735 | $409,130 | 0.15% |
| 92 | Take-Two Interactive Software | TTWO | 1,575 | $406,917 | 0.15% |
| 93 | Mcdonalds Corp | MCD | 1,300 | $395,057 | 0.15% |
| 94 | Whirlpool Corp | WHR-PA | 4,628 | $363,791 | 0.14% |
| 95 | Devon Energy Corp | 25179M103 | 9,623 | $337,371 | 0.13% |
| 96 | Southwest Airlines Co | 844741108 | 10,125 | $323,082 | 0.12% |
| 97 | Pepsico Inc | PEP | 2,202 | $309,185 | 0.12% |
| 98 | Chevron Corp | CVX | 1,924 | $298,778 | 0.11% |
| 99 | Texas Instruments Inc | 882508104 | 1,611 | $296,035 | 0.11% |
| 100 | Eaton Corp Plc | ETN | 780 | $291,915 | 0.11% |
| 101 | Conocophillips | COP | 3,068 | $290,234 | 0.11% |
| 102 | GE VERNOVA ORD | GEV | 471 | $289,618 | 0.11% |
| 103 | Lockheed Martin Corp | LMT | 575 | $287,046 | 0.11% |
| 104 | United Rentals Inc | URI | 300 | $286,398 | 0.11% |
| 105 | Ge Aerospace | 369604301 | 887 | $266,827 | 0.10% |
| 106 | Generac Holdings Inc | GNRC | 1,450 | $242,730 | 0.09% |
| 107 | Shift4 Pmts Inc Cl A | 82452J109 | 3,100 | $239,940 | 0.09% |
| 108 | Brinker Intl Inc | 109641100 | 1,875 | $237,525 | 0.09% |
| 109 | Powerfleet Inc | AIOT | 43,500 | $227,940 | 0.09% |
| 110 | Procter And Gamble Co | 742718109 | 1,465 | $225,097 | 0.08% |
| 111 | Diamondback Energy Inc | FANG | 1,550 | $221,805 | 0.08% |
| 112 | Sleep Number Corp | SNBR | 13,000 | $91,260 | 0.03% |
| 113 | Tt Electronics Plc | G91159106 | 17,553 | $22,468 | 0.01% |