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Asset Manager ← All Institutions

First Dallas Securities Inc.

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

Q3 2025 · Filed 2025-11-05
Market Value
$267M
+5.5%
Holdings
127
-2
New Purchases
4
Added To
42
Closed
14
Reduced
48
Top 10 Concentration
47.2%
Turnover
14.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 14.54% 13.05% +1.49% $39M
UNH 0.99% 0.00% +0.99% $3M
WULF 1.13% 0.23% +0.90% $3M
AAPL 6.55% 5.65% +0.90% $17M
MRP 1.16% 0.64% +0.52% $3M
CLF 1.35% 0.94% +0.41% $4M
GOOG 0.51% 0.11% +0.40% $1M
RHP 0.87% 0.50% +0.38% $2M
LLY 1.70% 1.37% +0.33% $5M
GEO 0.48% 0.16% +0.32% $1M
BA 2.55% 2.30% +0.25% $7M
POWL 0.41% 0.16% +0.25% $1M
CAT 1.77% 1.53% +0.24% $5M
GENI 0.31% 0.09% +0.22% $823K
HPE 0.60% 0.39% +0.21% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TPL 7.63% 9.70% -2.07% $20M
WYNN 0.00% 1.36% -1.36% $0
IBM 0.54% 1.49% -0.95% $1M
GOOGL 0.00% 0.56% -0.56% $0
WHR 0.14% 0.50% -0.37% $364K
OKE 2.00% 2.30% -0.30% $5M
DKNG 1.41% 1.69% -0.28% $4M
META 2.50% 2.78% -0.28% $7M
DVN 0.13% 0.40% -0.27% $337K
CYBR 0.00% 0.26% -0.26% $0
ISRG 0.00% 0.19% -0.19% $0
VST 1.28% 1.47% -0.19% $3M
PTLO 0.00% 0.17% -0.17% $0
DE 0.00% 0.17% -0.17% $0
KEX 1.14% 1.31% -0.16% $3M

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 45 $146M 54.8%
Large Cap 53 $90M 33.6%
Mid Cap 19 $24M 9.2%
Small Cap 7 $6M 2.4%
Micro Cap 3 $114K 0.0%

Portfolio Analytics

Avg Market Cap
$409.6B
Median Market Cap
$94.1B
Avg P/E
35.8
Median P/E
24.9
Avg Dividend Yield
0.02%
Avg Beta
1.09
# Stocks
127
# ETFs / Funds
0

Top Holdings (127 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 14.54% 208,002 $39M $186.58 $6M -905 -0.4%
2 TPL 7.63% 21,816 $20M $933.63 -$4M -1,418 -6.1%
3 AAPL 6.55% 68,667 $17M $254.63 $3M -1,043 -1.5%
4 AMZN 3.33% 40,426 $9M $219.57 $151K +654 +1.6%
5 MSFT 3.28% 16,919 $9M $517.95 $442K +190 +1.1%
6 UBER 2.85% 77,527 $8M $97.97 $269K -1,000 -1.3%
7 BA 2.55% 31,557 $7M $215.83 $997K +3,810 +13.7%
8 META 2.50% 9,105 $7M $734.41 -$353K -432 -4.5%
9 XOM 2.01% 47,624 $5M $112.75 $105K -1,211 -2.5%
10 OKE 2.00% 73,113 $5M $72.97 -$481K +1,860 +2.6%
11 FCX 1.86% 126,844 $5M $39.22 $174K +16,088 +14.5%
12 CAT 1.77% 9,890 $5M $477.15 $860K -49 -0.5%
13 LLY 1.70% 5,943 $5M $763.01 $1M +1,500 +33.8%
14 JPM 1.63% 13,816 $4M $315.43 $277K -260 -1.9%
15 HD 1.53% 10,084 $4M $405.20 $644K +697 +7.4%
16 EXP 1.44% 16,482 $4M $233.04 $651K +701 +4.4%
17 ABBV 1.42% 16,372 $4M $231.54 $692K -321 -1.9%
18 DKNG 1.41% 100,911 $4M $37.40 -$511K +1,000 +1.0%
19 CLF 1.35% 295,800 $4M $12.20 $1M -16,240 -5.2%
20 ETD 1.30% 118,151 $3M $29.46 $451K +9,361 +8.6%
21 VST 1.28% 17,499 $3M $195.92 -$294K -1,709 -8.9%
22 SN 1.22% 31,625 $3M $103.15 -$112K -2,465 -7.2%
23 MRP 1.16% 92,299 $3M $33.61 $1M +35,319 +62.0%
24 WMT 1.14% 29,604 $3M $103.06 $205K +503 +1.7%
25 KEX 1.14% 36,525 $3M $83.45 -$256K +7,390 +25.4%
26 WULF 1.13% 264,000 $3M $11.42 $2M +131,500 +99.2%
27 EXE 1.13% 28,340 $3M $106.24 $10K +2,677 +10.4%
28 C 1.04% 27,291 $3M $101.50 $356K -1,072 -3.8%
29 UNH 0.99% 7,641 $3M $345.30 +7,641 NEW
30 TSM 0.93% 8,895 $2M $279.28 -$165K -2,800 -23.9%
31 COST 0.92% 2,655 $2M $925.56 -$218K -48 -1.8%
32 RHP 0.87% 26,050 $2M $89.59 $1M +13,275 +103.9%
33 T 0.84% 79,682 $2M $28.24 -$219K -5,656 -6.6%
34 MU 0.79% 12,655 $2M $167.32 $428K -1,050 -7.7%
35 JNJ 0.76% 10,996 $2M $185.43 $424K +423 +4.0%
36 XEL 0.74% 24,532 $2M $80.65 $267K -596 -2.4%
37 BAC 0.70% 36,274 $2M $51.59 -$67K -4,688 -11.4%
38 CSWC 0.69% 84,031 $2M $21.86 $138K +6,929 +9.0%
39 MTZ 0.65% 8,150 $2M $212.81 $311K -200 -2.4%
40 WFC 0.62% 19,834 $2M $83.82 $166K +1,154 +6.2%
41 HPE 0.60% 65,178 $2M $24.56 $602K +16,352 +33.5%
42 AXP 0.59% 4,774 $2M $332.14 $31K -99 -2.0%
43 PLTR 0.56% 8,219 $1M $182.42 $256K -900 -9.9%
44 IBM 0.54% 5,109 $1M $282.17 -$2M -7,719 -60.2%
45 GOOG 0.51% 5,605 $1M $243.55 $1M +4,010 +251.4%
46 CMC 0.51% 23,573 $1M $57.28 $40K -3,219 -12.0%
47 GEO 0.48% 62,935 $1M $20.49 $889K +46,200 +276.1%
48 AEP 0.47% 11,047 $1M $112.50 $89K -74 -0.7%
49 UPS 0.46% 14,772 $1M $83.53 -$151K +1,052 +7.7%
50 VZ 0.45% 27,281 $1M $43.95 $4K -343 -1.2%
51 AMGN 0.44% 4,152 $1M $282.20 -$257K -963 -18.8%
52 SCHW 0.43% 12,161 $1M $95.47 -$218K -2,948 -19.5%
53 BANC 0.43% 69,575 $1M $16.55 $214K +2,850 +4.3%
54 DUK 0.42% 9,018 $1M $123.75 $52K
55 BX 0.41% 6,410 $1M $170.85 $136K
56 POWL 0.41% 3,575 $1M $304.83 $679K +1,625 +83.3%
57 TSLA 0.40% 2,420 $1M $444.72 $365K +180 +8.0%
58 GS 0.37% 1,250 $995K $796.35 $111K
59 MMM 0.36% 6,246 $969K $155.19 -$73K -600 -8.8%
60 SPOT 0.35% 1,343 $937K $698.00 $348K +575 +74.9%
61 MRK 0.33% 10,509 $882K $83.93 -$62K -1,418 -11.9%
62 ATO 0.31% 4,856 $829K $170.76 $89K +53 +1.1%
63 GENI 0.31% 66,500 $823K $12.38 $605K +45,500 +216.7%
64 RH 0.30% 3,975 $808K $203.16 $274K +1,150 +40.7%
65 MS 0.30% 5,062 $805K $158.96 $92K
66 KO 0.28% 11,427 $758K $66.32 -$72K -298 -2.5%
67 BRK-A 0.28% 1 $754K $754,200.00 $25K
68 CRS 0.28% 3,050 $749K $245.54 -$294K -725 -19.2%
69 VRT 0.28% 4,943 $746K $150.87 $233K +950 +23.8%
70 PR 0.27% 56,110 $718K $12.80 -$29K +1,245 +2.3%
71 BRK-B 0.25% 1,302 $655K $502.74 -$51K -150 -10.3%
72 V 0.24% 1,902 $649K $341.45 $436K +1,302 +217.0%
73 ORCL 0.23% 2,200 $619K $281.24 $138K
74 HR 0.23% 33,655 $607K $18.03 -$273K -21,845 -39.4%
75 MTN 0.22% 3,950 $591K $149.57 $33K +400 +11.3%
76 NFLX 0.22% 490 $587K $1,198.92 -$29K +30 +6.5%
77 SPG 0.22% 3,100 $582K $187.67 $83K
78 SO 0.21% 6,020 $571K $94.77 -$74K -1,000 -14.2%
79 ONON 0.21% 13,440 $569K $42.35 -$156K -500 -3.6%
80 AEE 0.20% 5,215 $544K $104.37 $42K -11 -0.2%
81 DELL 0.20% 3,820 $542K $141.77 $76K +25 +0.7%
82 MTDR 0.20% 11,952 $537K $44.93 -$33K +7 +0.1%
83 PANW 0.20% 2,560 $521K $203.62 -$3K
84 HON 0.19% 2,350 $495K $210.50 -$53K
85 LIF 0.18% 4,600 $489K $106.30 $159K -450 -8.9%
86 TFC 0.18% 10,686 $489K $45.72 $73K +1,011 +10.4%
87 VRNS 0.18% 8,200 $471K $57.47 +8,200 NEW
88 RTX 0.16% 2,578 $431K $167.34 $77K +150 +6.2%
89 AVGO 0.16% 1,270 $419K $329.91 -$14K -300 -19.1%
90 CFR 0.16% 3,278 $416K $126.77 -$6K
91 FDX 0.15% 1,735 $409K $235.81 -$48K -277 -13.8%
92 TTWO 0.15% 1,575 $407K $258.36 $207K +750 +90.9%
93 MCD 0.15% 1,300 $395K $303.89 -$94K -375 -22.4%
94 WHR 0.14% 4,628 $364K $78.61 -$907K -7,899 -63.1%
95 DVN 0.13% 9,623 $337K $35.06 -$673K -22,146 -69.7%
96 LUV 0.12% 10,125 $323K $31.91 -$5K
97 PEP 0.12% 2,202 $309K $140.41 $735 -134 -5.7%
98 CVX 0.11% 1,924 $299K $155.29 $23K
99 TXN 0.11% 1,611 $296K $183.76 -$38K +1 +0.1%
100 ETN 0.11% 780 $292K $374.25 $13K

New Positions

SymbolValue% Port
UNH $3M 0.99%
VRNS $471K 0.18%
EAT $238K 0.09%
SNBR $91K 0.03%

Sold Out Positions

SymbolValue% Port
NCLH —%
DE —%
EQT —%
TFIN —%
ISRG —%
UAL —%
ABNB —%
GOOGL —%
PTLO —%
SFIX —%
WYNN —%
CYBR —%
YNDX —%
GMRE —%
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