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Asset Manager ← All Institutions

First Dallas Securities Inc.

2905 MAPLE AVE., DALLAS, TX 75201 • 214-954-1177

Q2 2025 · Filed 2025-08-07
Market Value
$253M
+5.7%
Holdings
129
+7
New Purchases
17
Added To
28
Closed
6
Reduced
68
Top 10 Concentration
47.5%
Turnover
17.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 13.05% 9.50% +3.54% $33M
BA 2.30% 1.12% +1.18% $6M
MRP 0.64% 0.00% +0.64% $2M
META 2.78% 2.15% +0.63% $7M
MSFT 3.29% 2.70% +0.59% $8M
AMZN 3.45% 2.87% +0.58% $9M
SN 1.33% 0.83% +0.50% $3M
RHP 0.50% 0.00% +0.50% $1M
C 0.95% 0.49% +0.47% $2M
DKNG 1.69% 1.29% +0.40% $4M
VST 1.47% 1.20% +0.27% $4M
UBER 2.90% 2.63% +0.27% $7M
CYBR 0.26% 0.00% +0.26% $651K
PLTR 0.49% 0.24% +0.25% $1M
RH 0.21% 0.00% +0.21% $534K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TPL 9.70% 13.91% -4.21% $25M
ET 0.00% 1.41% -1.41% $0
AAPL 5.65% 6.67% -1.01% $14M
OKE 2.30% 3.03% -0.73% $6M
GOOG 0.11% 0.62% -0.51% $283K
DVN 0.40% 0.88% -0.48% $1M
XOM 2.08% 2.52% -0.43% $5M
MRK 0.37% 0.78% -0.40% $944K
WYNN 1.36% 1.75% -0.38% $3M
ABBV 1.22% 1.54% -0.31% $3M
ABNB 0.14% 0.41% -0.27% $351K
AMGN 0.56% 0.82% -0.26% $1M
HR 0.35% 0.60% -0.25% $880K
EXP 1.26% 1.43% -0.17% $3M
MCD 0.19% 0.36% -0.17% $489K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 28.8%
Energy 18.4%
Industrials 11.3%
Consumer Cyclical 10.7%
Financial Services 8.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $131M 51.8%
Large Cap 56 $96M 38.0%
Mid Cap 18 $20M 7.8%
Small Cap 8 $5M 2.2%
Micro Cap 3 $459K 0.2%

Portfolio Analytics

Avg Market Cap
$401.5B
Median Market Cap
$85.9B
Avg P/E
35.8
Median P/E
24.9
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
129
# ETFs / Funds
0

Top Holdings (129 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 13.05% 208,907 $33M $157.99 $10M -955 -0.5%
2 TPL 9.70% 23,234 $25M $1,056.41 -$9M -1,883 -7.5%
3 AAPL 5.65% 69,710 $14M $205.17 -$2M -2,112 -2.9%
4 AMZN 3.45% 39,772 $9M $219.39 $2M +3,714 +10.3%
5 MSFT 3.29% 16,729 $8M $497.41 $2M -474 -2.8%
6 UBER 2.90% 78,527 $7M $93.30 $1M -7,870 -9.1%
7 META 2.78% 9,537 $7M $738.12 $2M +603 +6.8%
8 OKE 2.30% 71,253 $6M $81.63 -$1M -1,793 -2.5%
9 BA 2.30% 27,747 $6M $209.53 $3M +12,071 +77.0%
10 XOM 2.08% 48,835 $5M $107.80 -$756K -1,783 -3.5%
11 FCX 1.90% 110,756 $5M $43.35 $502K -2,785 -2.5%
12 DKNG 1.69% 99,911 $4M $42.89 $1M +6,850 +7.4%
13 JPM 1.61% 14,076 $4M $289.90 $550K -320 -2.2%
14 CAT 1.53% 9,939 $4M $388.22 $609K +85 +0.9%
15 IBM 1.49% 12,828 $4M $294.78 $480K -449 -3.4%
16 VST 1.47% 19,208 $4M $193.81 $847K -5,280 -21.6%
17 LLY 1.37% 4,443 $3M $779.55 -$201K +5 +0.1%
18 WYNN 1.36% 36,817 $3M $93.67 -$728K -13,204 -26.4%
19 HD 1.36% 9,387 $3M $366.63 -$135K -374 -3.8%
20 SN 1.33% 34,090 $3M $98.99 $1M +10,185 +42.6%
21 KEX 1.31% 29,135 $3M $113.41 $346K -150 -0.5%
22 EXP 1.26% 15,781 $3M $202.11 -$239K +330 +2.1%
23 ABBV 1.22% 16,693 $3M $185.62 -$579K -860 -4.9%
24 ETD 1.20% 108,790 $3M $27.85 -$125K -5,097 -4.5%
25 EXE 1.19% 25,663 $3M $116.94 $61K -743 -2.8%
26 WMT 1.12% 29,101 $3M $97.78 $248K -496 -1.7%
27 COST 1.06% 2,703 $3M $989.83 $120K
28 TSM 1.05% 11,695 $3M $226.48 $623K -511 -4.2%
29 T 0.98% 85,338 $2M $28.94 -$123K -6,346 -6.9%
30 C 0.95% 28,363 $2M $85.12 $1M +11,879 +72.1%
31 CLF 0.94% 312,040 $2M $7.60 $356K +66,800 +27.2%
32 BAC 0.77% 40,962 $2M $47.32 -$110K -8,122 -16.6%
33 XEL 0.68% 25,128 $2M $68.10 -$128K -846 -3.3%
34 CSWC 0.67% 77,102 $2M $22.04 $94K +5,177 +7.2%
35 MU 0.67% 13,705 $2M $123.25 $418K -925 -6.3%
36 MRP 0.64% 56,980 $2M $28.51 +56,980 NEW
37 JNJ 0.64% 10,573 $2M $152.75 -$239K -606 -5.4%
38 AXP 0.61% 4,873 $2M $318.98 $165K -289 -5.6%
39 WFC 0.59% 18,680 $1M $80.12 $113K -598 -3.1%
40 AMGN 0.56% 5,115 $1M $279.23 -$537K -1,193 -18.9%
41 MTZ 0.56% 8,350 $1M $170.43 $390K -500 -5.7%
42 GOOGL 0.56% 8,014 $1M $176.22 -$87K -1,681 -17.3%
43 UPS 0.55% 13,720 $1M $100.94 $129K +2,299 +20.1%
44 SCHW 0.54% 15,109 $1M $91.24 -$63K -3,308 -18.0%
45 CMC 0.52% 26,792 $1M $48.91 -$65K -3,093 -10.3%
46 WHR 0.50% 12,527 $1M $101.42 $389K +2,752 +28.1%
47 RHP 0.50% 12,775 $1M $98.67 +12,775 NEW
48 PLTR 0.49% 9,119 $1M $136.32 $667K +2,300 +33.7%
49 VZ 0.47% 27,624 $1M $43.27 -$133K -1,643 -5.6%
50 AEP 0.46% 11,121 $1M $103.76 -$138K -704 -6.0%
51 DUK 0.42% 9,018 $1M $118.00 -$163K -1,041 -10.3%
52 CRS 0.41% 3,775 $1M $276.38 $549K +1,050 +38.5%
53 MMM 0.41% 6,846 $1M $152.23 $37K +1 +0.0%
54 DVN 0.40% 31,769 $1M $31.81 -$1M -24,298 -43.3%
55 HPE 0.39% 48,826 $998K $20.45 $205K -2,547 -5.0%
56 BX 0.38% 6,410 $959K $149.58 $34K -205 -3.1%
57 MRK 0.37% 11,927 $944K $79.16 -$911K -8,737 -42.3%
58 BANC 0.37% 66,725 $937K $14.05 -$169K -11,250 -14.4%
59 GS 0.35% 1,250 $885K $707.75 $197K -10 -0.8%
60 HR 0.35% 55,500 $880K $15.86 -$544K -28,750 -34.1%
61 KO 0.33% 11,725 $830K $70.75 -$38K -395 -3.3%
62 PR 0.30% 54,865 $747K $13.62 $33K +3,298 +6.4%
63 ATO 0.29% 4,803 $740K $154.11 -$2K +3 +0.1%
64 BRK-A 0.29% 1 $729K $728,800.00 -$69K
65 ONON 0.29% 13,940 $726K $52.05 $98K -350 -2.5%
66 MS 0.28% 5,062 $713K $140.86 $122K
67 TSLA 0.28% 2,240 $712K $317.66 $391K +1,000 +80.7%
68 BRK-B 0.28% 1,452 $705K $485.77 -$148K -150 -9.4%
69 CYBR 0.26% 1,600 $651K $406.88 +1,600 NEW
70 SO 0.25% 7,020 $645K $91.83 -$353
71 NFLX 0.24% 460 $616K $1,339.13 $187K
72 SPOT 0.23% 768 $589K $767.34 $178K +20 +2.7%
73 WULF 0.23% 132,500 $580K $4.38 $420K +74,000 +126.5%
74 MTDR 0.23% 11,945 $570K $47.72 $1K +807 +7.2%
75 MTN 0.22% 3,550 $558K $157.13 $74K +525 +17.4%
76 HON 0.22% 2,350 $547K $232.88 $49K
77 RH 0.21% 2,825 $534K $189.01 +2,825 NEW
78 PANW 0.21% 2,560 $524K $204.64 -$15K -600 -19.0%
79 VRT 0.20% 3,993 $513K $128.42 $295K +978 +32.4%
80 AEE 0.20% 5,226 $502K $96.04 -$73K -499 -8.7%
81 SPG 0.20% 3,100 $498K $160.76 -$17K
82 MCD 0.19% 1,675 $489K $292.17 -$378K -1,100 -39.6%
83 ISRG 0.19% 900 $489K $543.41 $43K
84 ORCL 0.19% 2,200 $481K $218.63 $159K -100 -4.3%
85 DELL 0.18% 3,795 $465K $122.60 $137K +200 +5.6%
86 FDX 0.18% 2,012 $457K $227.35 -$163K -530 -20.9%
87 PTLO 0.17% 37,250 $435K $11.67 -$55K -4,000 -9.7%
88 AVGO 0.17% 1,570 $433K $275.65 $81K -530 -25.2%
89 DE 0.17% 841 $427K $508.20 $33K +1 +0.1%
90 CFR 0.17% 3,278 $421K $128.54 -$65K -600 -15.5%
91 TFC 0.16% 9,675 $416K $42.99 $88K +1,714 +21.5%
92 POWL 0.16% 1,950 $410K $210.45 +1,950 NEW
93 GEO 0.16% 16,735 $401K $23.95 +16,735 NEW
94 RTX 0.14% 2,428 $354K $146.00 -$509 -249 -9.3%
95 ABNB 0.14% 2,655 $351K $132.34 -$632K -5,575 -67.7%
96 NCLH 0.14% 17,100 $347K $20.28 -$243K -14,000 -45.0%
97 TXN 0.13% 1,610 $334K $207.68 $45K
98 LIF 0.13% 5,050 $330K $65.25 -$71K -5,400 -51.7%
99 LUV 0.13% 10,125 $328K $32.44 -$39K -800 -7.3%
100 FOUR 0.13% 3,225 $320K $99.11 -$7K -775 -19.4%

New Positions

SymbolValue% Port
MRP $2M 0.64%
RHP $1M 0.50%
CYBR $651K 0.26%
RH $534K 0.21%
POWL $410K 0.16%
GEO $401K 0.16%
YNDX $315K 0.12%
ETN $278K 0.11%
GEV $249K 0.10%
GE $228K 0.09%
GNRC $222K 0.09%
GENI $218K 0.09%
V $213K 0.08%
UAL $207K 0.08%
TTWO $200K 0.08%

Sold Out Positions

SymbolValue% Port
BLDR —%
DRI —%
ET —%
SYM —%
SNBR —%
STKL —%
View SEC EDGAR Filings for First Dallas Securities Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms