Latest First Dallas Securities Inc. Stock Portfolio

First Dallas Securities Inc. Performance:

2025 Q2: 9.68%YTD: 5.63%2024: 8.32%

Performance for 2025 Q2 is 9.68%, and YTD is 5.63%, and 2024 is 8.32%.

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

First Dallas Securities Inc. is a hedge fund based in DALLAS, TX. On 17-Oct-2022, the fund reported that it had an AUM (Regulated Assets under Management) of $221.1 Millions. In it's latest 13F Holdings report, First Dallas Securities Inc. reported an equity portfolio of $253 Millions as of 30 Jun, 2025.

The top stock holdings of First Dallas Securities Inc. are NVDA, TPL, AAPL. The fund has invested 13.1% of it's portfolio in NVIDIA CORPORATION and 9.7% of portfolio in TEXAS PACIFIC LAND CORPORATION.

The fund managers got completely rid off ENERGY TRANSFER L P (ET), SUNOPTA INC (STKL) and SYMBOTIC INC (SYM) stocks. They significantly reduced their stock positions in ALPHABET INC CAP STOCK CL C (GOOG), AIRBNB INC CL A (ABNB) and GLOBAL MED REIT INC NEW (GMRE). First Dallas Securities Inc. opened new stock positions in MILLROSE PROPERTIES INC CL A, RYMAN HOSPITALITY PROPERTIES I (RHP) and RH (RH). The fund showed a lot of confidence in some stocks as they added substantially to TERAWULF INC (WULF), TESLA INC (TSLA) and BOEING CO (BA).

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

Our best estimate is that First Dallas Securities Inc. made a return of 9.68% in the last quarter. In trailing 12 months, it's portfolio return was 10.35%.

New Buys

Ticker	$ Bought
millrose properties inc cl a	1,624,500
ryman hospitality properties i	1,260,510
cyberark software ltd	651,008
rh	533,953
powell industries inc	410,377
geo group inc	400,803
nebius group nv class a	315,381
eaton corp plc	278,452

New stocks bought by First Dallas Securities Inc.

Additions

Ticker	% Inc.
terawulf inc	126
tesla inc	80.65
boeing co	77.00
citigroup inc new	72.06
sharkninja inc	42.61
carpenter technology corp	38.53
palantir technologies inc cl a	33.73
vertiv holdings co cl a	32.44

Additions to existing portfolio by First Dallas Securities Inc.

Reductions

Ticker	% Reduced
alphabet inc cap stock cl c	-78.56
airbnb inc cl a	-67.74
global med reit inc new	-57.89
life360 inc	-51.67
norwegian cruise line holding	-45.02
devon energy corp	-43.34
merck & co inc	-42.28
mcdonalds corp	-39.64

First Dallas Securities Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
energy transfer l p	-3,381,000
sunopta inc	-326,000
sleep number corp	-193,000
symbotic inc	-306,000
builders firstsource inc	-200,000
darden restaurants inc	-249,000

First Dallas Securities Inc. got rid off the above stocks

Sector Distribution

First Dallas Securities Inc. has about 29% of it's holdings in Technology sector.

Sector	%
Technology	29
Others	14.5
Consumer Cyclical	10.9
Industrials	9
Financial Services	7.8
Energy	6.9
Communication Services	5.2
Basic Materials	4.6
Healthcare	4.4
Utilities	3.8
Consumer Defensive	2.7
Real Estate	1.1

Market Cap. Distribution

First Dallas Securities Inc. has about 72.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	42.1
LARGE-CAP	30.1
UNALLOCATED	14.5
MID-CAP	10.4
SMALL-CAP	2.8

Stocks belong to which Index?

About 71.4% of the stocks held by First Dallas Securities Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	67.1
Others	28.6
RUSSELL 2000	4.3

Top 5 Winners (%)		%
VRT	vertiv holdings co cl a	60.3 %
VST	vistra corp	58.2 %
AVGO	broadcom inc	57.4 %
ORCL	oracle corp	54.2 %
NVDA	nvidia corporation	45.7 %

Top 5 Winners ($)		$
NVDA	nvidia corporation	10.4 M
MSFT	microsoft corp	2.1 M
UBER	uber technologies inc	1.7 M
VST	vistra corp	1.7 M
META	meta platforms inc cl a	1.5 M

Top 5 Losers (%)		%
GMRE	global med reit inc new	-21.4 %
OKE	oneok inc	-17.7 %
DVN	devon energy corp	-15.4 %
CVX	chevron corp	-15.3 %
COP	conocophillips	-14.6 %

Top 5 Losers ($)		$
OKE	oneok inc	-1.3 M
AAPL	apple inc	-1.2 M
XOM	exxon mobile corp	-0.6 M
ABBV	abbvie inc	-0.4 M
DVN	devon energy corp	-0.3 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 123 stocks in it's portfolio. About 47.5% of the portfolio is in top 10 stocks. OKE proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for First Dallas Securities Inc. last quarter.

Last Reported on: 07 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	NVDA	nvidia corporation	13.05	208,907	33,005,300	reduced	-0.46
Historical Trend of NVIDIA CORPORATION Position Held By First Dallas Securities Inc. What % of Portfolio is NVDA?: Number of NVDA shares held: Change in No. of Shares Held:
	TPL	texas pacific land corporation	9.70	23,234	24,544,500	reduced	-7.5

	AAPL	apple inc	5.65	69,710	14,302,300	reduced	-2.94

	AMZN	amazon.com inc	3.45	39,772	8,725,580	added	10.3

	MSFT	microsoft corp	3.29	16,729	8,321,210	reduced	-2.76

	UBER	uber technologies inc	2.90	78,527	7,326,570	reduced	-9.11

	META	meta platforms inc cl a	2.78	9,537	7,039,430	added	6.75

	OKE	oneok inc	2.30	71,253	5,816,410	reduced	-2.45

	BA	boeing co	2.30	27,747	5,813,830	added	77.00

	XOM	exxon mobile corp	2.08	48,835	5,264,370	reduced	-3.52

	FCX	freeport-mcmoran inc cl b	1.90	110,756	4,801,270	reduced	-2.45

	DKNG	draftkings inc cl a	1.69	99,911	4,285,180	added	7.36

	JPM	jpmorgan chase & co	1.61	14,076	4,080,650	reduced	-2.22

	CAT	caterpillar inc	1.52	9,939	3,858,560	added	0.86

	IBM	intl business machines	1.50	12,828	3,781,410	reduced	-3.38

	VST	vistra corp	1.47	19,208	3,722,740	reduced	-21.56

	LLY	eli lilly & co	1.37	4,443	3,463,550	added	0.11

	WYNN	wynn resorts ltd	1.36	36,817	3,448,640	reduced	-26.4

	HD	home depot inc	1.36	9,387	3,441,540	reduced	-3.83

		sharkninja inc	1.33	34,090	3,374,570	added	42.61