Latest First Dallas Securities Inc. Stock Portfolio

First Dallas Securities Inc. Performance:

2026 Q1: 2.38%YTD: 2.38%2025: 4.07%

Performance for 2026 Q1 is 2.38%, and YTD is 2.38%, and 2025 is 4.07%.

About First Dallas Securities Inc. and 13F Hedge Fund Stock Holdings

First Dallas Securities Inc. is a hedge fund based in Dallas, TX. On 2026-04-27, the fund reported it's updated stock portfolio. In the 13F Holdings report, First Dallas Securities Inc. reported an equity portfolio of $270.3 Millions as of 31 Mar, 2026.

The top stock holdings of First Dallas Securities Inc. are NVDA, TPL, AAPL. The fund has invested 13.3% of it's portfolio in NVIDIA CORPORATION and 10.5% of portfolio in TEXAS PACIFIC LAND CORPORATION.

The fund managers got completely rid off VISA INC CL A (V), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) and GENERAL MOTORS CO (GM) stocks. They significantly reduced their stock positions in UNITEDHEALTH GROUP INC (UNH), ABBVIE INC (ABBV) and VERTIV HOLDINGS CO CL A (VRT). First Dallas Securities Inc. opened new stock positions in APPLIED MATERIALS INC (AMAT), ARCOSA INC (ACA) and VIKING HOLDINGS LTD. The fund showed a lot of confidence in some stocks as they added substantially to FRONTVIEW REIT INC COM, FIRST WATCH RESTAURANT GROUP I (FWRG) and BROADCOM INC (AVGO).

First Dallas Securities Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that First Dallas Securities Inc. made a return of 2.38% in the last quarter. In trailing 12 months, it's portfolio return was 8.58%.

Performance
S&P 500

New Buys

Ticker	$ Bought
applied materials inc	1,426,970
arcosa inc	1,053,440
viking holdings ltd	914,826
vail resorts inc	827,664
gildan activewear inc	534,240
ipg photonics corp	382,731
clear secure inc cl a	321,926
circle internet group inc cl a	291,000

New stocks bought by First Dallas Securities Inc.

Additions

Ticker	% Inc.
frontview reit inc com	344
first watch restaurant group i	327
broadcom inc	245
netflix inc	143
united parcel service inc cl b	91.45
whirlpool corp	44.64
johnson & johnson	44.1
southwest airlines co	41.06

Additions to existing portfolio by First Dallas Securities Inc.

Reductions

Ticker	% Reduced
unitedhealth group inc	-88.94
abbvie inc	-75.18
vertiv holdings co cl a	-73.8
vistra corp	-72.84
kirby corp	-51.07
powerfleet inc	-49.21
micron technology inc	-38.3
hewlett packard enterprise co	-37.38

First Dallas Securities Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
comstock resources inc	-231,800
general motors co	-391,000
deckers outdoor corp	-227,037
take-two interactive software	-469,815
visa inc cl a	-633,098

First Dallas Securities Inc. got rid off the above stocks

Sector Distribution

First Dallas Securities Inc. has about 27.3% of it's holdings in Technology sector.

Sector	%
Technology	27.3
Others	16
Industrials	11.3
Consumer Cyclical	8.6
Financial Services	8.1
Energy	7.4
Basic Materials	5.1
Healthcare	4.8
Communication Services	4.3
Utilities	2.6
Consumer Defensive	2.6
Real Estate	1.8

Market Cap. Distribution

First Dallas Securities Inc. has about 70.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	50.9
LARGE-CAP	20
UNALLOCATED	16
MID-CAP	9.4
SMALL-CAP	3.8

Stocks belong to which Index?

About 73.6% of the stocks held by First Dallas Securities Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	66.2
Others	26.4
RUSSELL 2000	7.4

Top 5 Winners (%)		%
POWL	powell industries inc	67.2 %
TPL	texas pacific land corporation	62.6 %
PR	permian resources corp class a	49.6 %
MTZ	mastec inc	45.6 %
MTDR	matador resources co	45.4 %

Top 5 Winners ($)		$
TPL	texas pacific land corporation	11.6 M
XOM	exxon mobile corp	2.2 M
CAT	caterpillar inc	1.2 M
OKE	oneok inc	1.2 M
FCX	freeport-mcmoran inc cl b	1.0 M

Top 5 Losers (%)		%
GENI	genius sports ltd npv	-48.9 %
CLF	cleveland-cliffs inc	-36.2 %
DKNG	draftkings inc cl a	-34.8 %
PWFL	powerfleet inc	-31.8 %
ONON	on holding ag namen akt a	-26.5 %

Top 5 Losers ($)		$
NVDA	nvidia corporation	-2.5 M
MSFT	microsoft corp	-1.5 M
DKNG	draftkings inc cl a	-1.3 M
AAPL	apple inc	-1.2 M
CLF	cleveland-cliffs inc	-1.2 M

First Dallas Securities Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of First Dallas Securities Inc.

First Dallas Securities Inc. has 118 stocks in it's portfolio. About 47.8% of the portfolio is in top 10 stocks. NVDA proved to be the most loss making stock for the portfolio. TPL was the most profitable stock for First Dallas Securities Inc. last quarter.

Last Reported on: 27 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	6.31	67,171	17,047,400	reduced	-1.25

ABBV	abbvie inc	0.32	4,027	875,860	reduced	-75.18

ACA	arcosa inc	0.39	9,925	1,053,440	new

AEE	ameren corp	0.21	5,216	573,342	added	0.02

AEP	american electric power co inc	0.53	10,969	1,437,790	added	0.42

AMAT	applied materials inc	0.53	4,175	1,426,970	new

AMGN	amgen inc	0.54	4,153	1,461,310	added	2.47

AMZN	amazon.com inc	3.06	39,696	8,267,490	reduced	-0.77

ATO	atmos energy corp	0.30	4,462	824,184	reduced	-2.13

AVGO	broadcom inc	0.54	4,735	1,465,530	added	245

AXP	american express co	0.50	4,440	1,343,010	reduced	-7.48

BA	boeing co	2.39	32,437	6,455,940	added	2.35

BAC	bank of america corp	0.62	34,283	1,671,290	reduced	-4.95

BANC	banc of california inc	0.46	70,475	1,238,950	reduced	-3.23

BX	blackstone inc	0.28	6,510	748,585	added	1.56

C	citigroup inc new	1.26	30,030	3,405,690	added	14.86

CAT	caterpillar inc	2.27	8,652	6,129,530	reduced	-10.71

CFR	cullen frost bankers inc	0.17	3,278	449,348	unchanged	0.00

CHK	expand energy corporation	1.26	31,014	3,404,690	added	11.99

CLF	cleveland-cliffs inc	0.75	241,100	2,037,290	reduced	-1.11