13F HOLDINGS REPORT
First Dallas Securities Inc.
Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001378559-26-000001
Total Value
$268.8M
Positions
107
Other Managers
0
Confidential Omitted
No
Holdings (107)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Nvidia Corporation | NVDA | 204,696 | $38.2M | 14.20% |
| 2 | Texas Pacific Land Corporation | TPL | 64,655 | $18.6M | 6.91% |
| 3 | Apple Inc | AAPL | 68,024 | $18.5M | 6.88% |
| 4 | Amazon.Com Inc | AMZN | 40,006 | $9.2M | 3.44% |
| 5 | Microsoft Corp | MSFT | 16,322 | $7.9M | 2.94% |
| 6 | Boeing Co | BA-PA | 31,692 | $6.9M | 2.56% |
| 7 | Freeport-Mcmoran Inc Cl B | FCX | 132,658 | $6.7M | 2.51% |
| 8 | Uber Technologies Inc | UBER | 79,415 | $6.5M | 2.41% |
| 9 | Eli Lilly & Co | LLY | 5,753 | $6.2M | 2.30% |
| 10 | Exxon Mobile Corp | XOM | 46,624 | $5.6M | 2.09% |
| 11 | Meta Platforms Inc Cl A | META | 8,471 | $5.6M | 2.08% |
| 12 | Caterpillar Inc | CAT | 9,690 | $5.6M | 2.07% |
| 13 | Oneok Inc | OKE | 73,613 | $5.4M | 2.01% |
| 14 | Sharkninja Inc | SN | 39,960 | $4.5M | 1.66% |
| 15 | Jpmorgan Chase & Co | VYLD | 13,167 | $4.2M | 1.58% |
| 16 | Home Depot Inc | HD | 11,214 | $3.9M | 1.44% |
| 17 | Draftkings Inc Cl A | DKNG | 111,393 | $3.8M | 1.43% |
| 18 | Abbvie Inc | ABBV | 16,226 | $3.7M | 1.38% |
| 19 | Micron Technology Inc | MU | 12,876 | $3.7M | 1.37% |
| 20 | Millrose Properties Inc Cl A | 601137102 | 112,389 | $3.4M | 1.25% |
| 21 | Eagle Materials Inc | 26969P108 | 15,698 | $3.2M | 1.21% |
| 22 | Cleveland-Cliffs Inc | CLF | 243,800 | $3.2M | 1.20% |
| 23 | Wal-Mart Inc | WMT | 28,250 | $3.1M | 1.17% |
| 24 | Expand Energy Corporation | EXE | 27,694 | $3.1M | 1.14% |
| 25 | Citigroup Inc New | C-PR | 26,144 | $3.1M | 1.14% |
| 26 | Kirby Corp | KEX | 26,190 | $2.9M | 1.07% |
| 27 | Ryman Hospitality Properties I | 78377T107 | 30,340 | $2.9M | 1.07% |
| 28 | Taiwan Semiconductor Mfg Ltd S | 874039100 | 9,123 | $2.8M | 1.03% |
| 29 | Whirlpool Corp | WHR-PA | 38,104 | $2.7M | 1.02% |
| 30 | Unitedhealth Group Inc | UNH | 7,687 | $2.5M | 0.94% |
| 31 | Vistra Corp | VST | 15,720 | $2.5M | 0.94% |
| 32 | Johnson & Johnson | JNJ | 11,497 | $2.4M | 0.89% |
| 33 | Alphabet Inc Cap Stock Cl C | GOOG | 7,145 | $2.2M | 0.83% |
| 34 | Costco Wholesale Corp | 22160K105 | 2,502 | $2.2M | 0.80% |
| 35 | Terawulf Inc | WULF | 180,000 | $2.1M | 0.77% |
| 36 | Capital Southwest Corp | CSWC | 89,911 | $2.0M | 0.74% |
| 37 | Bank Of America Corp | 060505104 | 36,070 | $2.0M | 0.74% |
| 38 | At&T Inc | T-PC | 76,093 | $1.9M | 0.70% |
| 39 | Wells Fargo Co | 949746101 | 19,786 | $1.8M | 0.69% |
| 40 | Mastec Inc | MTZ | 8,350 | $1.8M | 0.68% |
| 41 | American Express Co | AXP | 4,799 | $1.8M | 0.66% |
| 42 | Xcel Energy Inc Com | XELLL | 23,736 | $1.8M | 0.65% |
| 43 | Commercial Metals Co | CMC | 23,382 | $1.6M | 0.60% |
| 44 | United Parcel Service Inc Cl B | UPS | 15,583 | $1.5M | 0.58% |
| 45 | Palantir Technologies Inc Cl A | PLTR | 8,578 | $1.5M | 0.57% |
| 46 | Intl Business Machines | INTR | 5,010 | $1.5M | 0.55% |
| 47 | Banc Of California Inc | BANC-PF | 72,825 | $1.4M | 0.52% |
| 48 | Amgen Inc | AMGN | 4,053 | $1.3M | 0.49% |
| 49 | American Electric Power Co Inc | 025537101 | 10,923 | $1.3M | 0.47% |
| 50 | Merck & Co Inc | MRK | 10,671 | $1.1M | 0.42% |
| 51 | Tesla Inc | TSLA | 2,460 | $1.1M | 0.41% |
| 52 | Goldman Sachs Group Inc | GSCE | 1,250 | $1.1M | 0.41% |
| 53 | Charles Schwab Corp | SCHW-PJ | 10,897 | $1.1M | 0.41% |
| 54 | Powell Industries Inc | 739128106 | 3,401 | $1.1M | 0.40% |
| 55 | Permian Resources Corp Class A | PR | 74,630 | $1.0M | 0.39% |
| 56 | Duke Energy Corp New | DUKB | 8,827 | $1.0M | 0.38% |
| 57 | Geo Group Inc | GEO | 63,470 | $1.0M | 0.38% |
| 58 | Ethan Allen Interiors Inc | ETD | 44,066 | $1.0M | 0.37% |
| 59 | 3M Co | MMM | 6,230 | $997,450 | 0.37% |
| 60 | Verizon Communications Inc | VZ | 24,370 | $992,576 | 0.37% |
| 61 | Blackstone Inc | BX | 6,410 | $988,037 | 0.37% |
| 62 | Carpenter Technology Corp | CRS | 3,050 | $960,262 | 0.36% |
| 63 | Hewlett Packard Enterprise Co | HPE-PC | 39,802 | $956,036 | 0.36% |
| 64 | Morgan Stanley | MS-PQ | 5,062 | $898,657 | 0.33% |
| 65 | On Holding Ag Namen Akt A | H5919C104 | 19,100 | $887,768 | 0.33% |
| 66 | Fedex Corp | FDX | 3,060 | $883,912 | 0.33% |
| 67 | Vertiv Holdings Co Cl A | VRT | 5,115 | $828,722 | 0.31% |
| 68 | Atmos Energy Corp | ATO | 4,559 | $764,250 | 0.28% |
| 69 | Genius Sports Ltd Npv | GENI | 68,500 | $754,870 | 0.28% |
| 70 | Berkshire Hathaway Inc Cl A | BRK-A | 1 | $754,800 | 0.28% |
| 71 | Coca-Cola Co | KO | 10,406 | $727,516 | 0.27% |
| 72 | Truist Financial Corp | 89832Q109 | 14,448 | $710,981 | 0.26% |
| 73 | Berkshire Hathaway Inc Cl B Ne | BRK-A | 1,302 | $654,450 | 0.24% |
| 74 | Visa Inc Cl A | V | 1,805 | $633,098 | 0.24% |
| 75 | Corecivic Inc | CXW | 32,500 | $621,075 | 0.23% |
| 76 | Rtx Corporation | RTX | 3,309 | $606,800 | 0.23% |
| 77 | First Watch Restaurant Group I | FWRG | 39,000 | $588,120 | 0.22% |
| 78 | Simon Property Group Inc | 828806109 | 3,100 | $573,841 | 0.21% |
| 79 | Healthcare Realty Trust Cl A | 42226K105 | 33,405 | $566,215 | 0.21% |
| 80 | Brinker Intl Inc | 109641100 | 3,902 | $560,015 | 0.21% |
| 81 | Ameren Corp | AEE | 5,215 | $520,800 | 0.19% |
| 82 | Southern Co | SOMN | 5,795 | $505,324 | 0.19% |
| 83 | Powerfleet Inc | AIOT | 91,450 | $486,514 | 0.18% |
| 84 | Rh | RH | 2,675 | $479,226 | 0.18% |
| 85 | Broadcom Inc | AVGO | 1,370 | $474,157 | 0.18% |
| 86 | Palo Alto Networks Inc | PANW | 2,560 | $471,552 | 0.18% |
| 87 | Take-Two Interactive Software | TTWO | 1,835 | $469,815 | 0.17% |
| 88 | Southwest Airlines Co | 844741108 | 11,325 | $468,054 | 0.17% |
| 89 | Dell Technologies Inc Cl C | DELL | 3,670 | $461,980 | 0.17% |
| 90 | Honeywell Intl Inc | 438516106 | 2,350 | $458,461 | 0.17% |
| 91 | Netflix Inc | NFLX | 4,700 | $440,672 | 0.16% |
| 92 | Cullen Frost Bankers Inc | CFR-PB | 3,278 | $415,093 | 0.15% |
| 93 | Oracle Corp | ORCL-PD | 2,100 | $409,311 | 0.15% |
| 94 | Matador Resources Co | MTDR | 9,260 | $393,013 | 0.15% |
| 95 | General Motors Co | 37045V100 | 4,808 | $391,000 | 0.15% |
| 96 | Mcdonalds Corp | MCD | 1,200 | $366,756 | 0.14% |
| 97 | Pepsico Inc | PEP | 2,252 | $323,142 | 0.12% |
| 98 | Frontview Reit Inc COM | FVR | 21,600 | $318,816 | 0.12% |
| 99 | Texas Instruments Inc | 882508104 | 1,612 | $279,706 | 0.10% |
| 100 | Lockheed Martin Corp | LMT | 575 | $278,110 | 0.10% |
| 101 | Ge Aerospace | 369604301 | 887 | $273,223 | 0.10% |
| 102 | Chevron Corp | CVX | 1,649 | $251,324 | 0.09% |
| 103 | Eaton Corp Plc | ETN | 780 | $248,438 | 0.09% |
| 104 | United Rentals Inc | URI | 300 | $242,796 | 0.09% |
| 105 | Comstock Resources Inc | LODE | 10,000 | $231,800 | 0.09% |
| 106 | Deckers Outdoor Corp | DECK | 2,190 | $227,037 | 0.08% |
| 107 | Conocophillips | COP | 2,348 | $219,828 | 0.08% |