Institutional Manager · CIK 0001378559
First Dallas Securities Inc.
DALLAS, TX · File #028-12035
Latest AUM
$268.8M
Positions
107
Top-10 Concentration
53.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | Texas Pacific Land Corporation | TPL | +42,839 | +$12.3M | -$14.1M |
| ADD | Whirlpool Corp | WHR-PA | +33,476 | +$2.4M | -$29,926 |
| REDUCE | Ethan Allen Interiors Inc | ETD | -74,085 | -$1.7M | -$782,198 |
| REDUCE | Kirby Corp | KEX | -10,335 | -$1.1M | +$976,313 |
| REDUCE | Terawulf Inc | WULF | -84,000 | -$965,160 | +$18,480 |
| EXITED | Spotify Technology Sa | L8681T102 | -1,343 | -$937,414 | $0 |
| ADD | Sharkninja Inc | SN | +8,335 | +$932,687 | +$276,718 |
| REDUCE | Cleveland-Cliffs Inc | CLF | -52,000 | -$690,559 | +$319,463 |
| NEW | Corecivic Inc | CXW | +32,500 | +$621,075 | $0 |
| REDUCE | Nvidia Corporation | NVDA | -3,306 | -$616,568 | -$16,685 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025107 pos · $268.8M
- 13F HOLDINGS REPORTQ/E Sep 2025113 pos · $266.9M
- 13F HOLDINGS REPORTQ/E Jun 2025123 pos · $253.0M
- 13F HOLDINGS REPORTQ/E Mar 2025113 pos · $239.3M
- 13F HOLDINGS REPORTQ/E Dec 2024286,718 pos · $245.4M
- 13F HOLDINGS REPORTQ/E Sep 2024119 pos · $239.3M
- 13F HOLDINGS REPORTQ/E Jun 2024117 pos · $227.8M
- 13F HOLDINGS REPORTQ/E Mar 2024119 pos · $217,394
- 13F HOLDINGS REPORTQ/E Dec 2023144 pos · $436,721
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Nvidia Corporation | NVDA | 204,696 | $38.2M | 16.37% |
| 2 | Texas Pacific Land Corporation | TPL | 64,655 | $18.6M | 7.96% |
| 3 | Apple Inc | AAPL | 68,024 | $18.5M | 7.93% |
| 4 | Amazon.Com Inc | AMZN | 40,006 | $9.2M | 3.96% |
| 5 | Microsoft Corp | MSFT | 16,322 | $7.9M | 3.38% |
| 6 | Boeing Co | BA-PA | 31,692 | $6.9M | 2.95% |
| 7 | Freeport-Mcmoran Inc Cl B | FCX | 132,658 | $6.7M | 2.89% |
| 8 | Uber Technologies Inc | UBER | 79,415 | $6.5M | 2.78% |
| 9 | Eli Lilly & Co | LLY | 5,753 | $6.2M | 2.65% |
| 10 | Exxon Mobile Corp | XOM | 46,624 | $5.6M | 2.41% |
| 11 | Meta Platforms Inc Cl A | META | 8,471 | $5.6M | 2.40% |
| 12 | Caterpillar Inc | CAT | 9,690 | $5.6M | 2.38% |
| 13 | Oneok Inc | OKE | 73,613 | $5.4M | 2.32% |
| 14 | Sharkninja Inc | SN | 39,960 | $4.5M | 1.92% |
| 15 | Jpmorgan Chase & Co | VYLD | 13,167 | $4.2M | 1.82% |
| 16 | Home Depot Inc | HD | 11,214 | $3.9M | 1.65% |
| 17 | Draftkings Inc Cl A | DKNG | 111,393 | $3.8M | 1.65% |
| 18 | Abbvie Inc | ABBV | 16,226 | $3.7M | 1.59% |
| 19 | Micron Technology Inc | MU | 12,876 | $3.7M | 1.58% |
| 20 | Millrose Properties Inc Cl A | 601137102 | 112,389 | $3.4M | 1.44% |