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Asset Manager ← All Institutions

First Dallas Securities Inc.

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

Q4 2025 · Filed 2026-02-11
Market Value
$269M
+0.7%
Holdings
119
-8
New Purchases
6
Added To
40
Closed
12
Reduced
46
Top 10 Concentration
46.2%
Turnover
15.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WHR 1.02% 0.14% +0.89% $3M
FCX 2.51% 1.86% +0.64% $7M
LLY 2.30% 1.70% +0.60% $6M
MU 1.37% 0.79% +0.57% $4M
SN 1.66% 1.22% +0.44% $4M
AAPL 6.88% 6.55% +0.33% $18M
GOOG 0.83% 0.51% +0.32% $2M
CAT 2.07% 1.77% +0.30% $6M
CXW 0.23% 0.00% +0.23% $621K
FWRG 0.22% 0.00% +0.22% $588K
RHP 1.07% 0.87% +0.19% $3M
FDX 0.33% 0.15% +0.18% $884K
GM 0.15% 0.00% +0.15% $391K
JNJ 0.89% 0.76% +0.12% $2M
PR 0.39% 0.27% +0.12% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ETD 0.37% 1.30% -0.93% $1M
TPL 6.91% 7.63% -0.72% $19M
UBER 2.41% 2.85% -0.43% $6M
META 2.08% 2.50% -0.42% $6M
WULF 0.77% 1.13% -0.36% $2M
SPOT 0.00% 0.35% -0.35% $0
MSFT 2.94% 3.28% -0.35% $8M
VST 0.94% 1.28% -0.34% $3M
NVDA 14.20% 14.54% -0.33% $38M
HPE 0.36% 0.60% -0.24% $956K
EXP 1.21% 1.44% -0.23% $3M
MTN 0.00% 0.22% -0.22% $0
LIF 0.00% 0.18% -0.18% $0
VRNS 0.00% 0.18% -0.18% $0
CLF 1.20% 1.35% -0.15% $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 44 $151M 56.0%
Large Cap 47 $87M 32.5%
Mid Cap 20 $26M 9.5%
Small Cap 6 $5M 1.9%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$394.8B
Median Market Cap
$98.0B
Avg P/E
35.7
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
119
# ETFs / Funds
0

Top Holdings (119 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 14.20% 204,696 $38M $186.50 -$633K -3,306 -1.6%
2 TPL 6.91% 64,655 $19M $287.22 -$2M +42,839 +196.4%
3 AAPL 6.88% 68,024 $18M $271.86 $1M -643 -0.9%
4 AMZN 3.44% 40,006 $9M $230.82 $358K -420 -1.0%
5 MSFT 2.94% 16,322 $8M $483.63 -$869K -597 -3.5%
6 BA 2.56% 31,692 $7M $217.12 $70K +135 +0.4%
7 FCX 2.51% 132,658 $7M $50.79 $2M +5,814 +4.6%
8 UBER 2.41% 79,415 $6M $81.71 -$1M +1,888 +2.4%
9 LLY 2.30% 5,753 $6M $1,074.70 $2M -190 -3.2%
10 XOM 2.09% 46,624 $6M $120.34 $241K -1,000 -2.1%
11 META 2.08% 8,471 $6M $660.05 -$1M -634 -7.0%
12 CAT 2.07% 9,690 $6M $572.85 $832K -200 -2.0%
13 OKE 2.01% 73,613 $5M $73.50 $76K +500 +0.7%
14 SN 1.66% 39,960 $4M $111.90 $1M +8,335 +26.4%
15 JPM 1.58% 13,167 $4M $322.21 -$115K -649 -4.7%
16 HD 1.44% 11,214 $4M $344.11 -$227K +1,130 +11.2%
17 DKNG 1.43% 111,393 $4M $34.46 $65K +10,482 +10.4%
18 ABBV 1.38% 16,226 $4M $228.49 -$83K -146 -0.9%
19 MU 1.37% 12,876 $4M $285.41 $2M +221 +1.8%
20 MRP 1.25% 112,389 $3M $29.87 $255K +20,090 +21.8%
21 EXP 1.21% 15,698 $3M $206.68 -$597K -784 -4.8%
22 CLF 1.20% 243,800 $3M $13.28 -$371K -52,000 -17.6%
23 WMT 1.17% 28,250 $3M $111.41 $96K -1,354 -4.6%
24 EXE 1.14% 27,694 $3M $110.36 $45K -646 -2.3%
25 C 1.14% 26,144 $3M $116.69 $281K -1,147 -4.2%
26 KEX 1.07% 26,190 $3M $110.18 -$162K -10,335 -28.3%
27 RHP 1.07% 30,340 $3M $94.62 $537K +4,290 +16.5%
28 TSM 1.03% 9,123 $3M $303.88 $288K +228 +2.6%
29 WHR 1.02% 38,104 $3M $72.14 $2M +33,476 +723.3%
30 UNH 0.94% 7,687 $3M $330.11 -$101K +46 +0.6%
31 VST 0.94% 15,720 $3M $161.33 -$892K -1,779 -10.2%
32 JNJ 0.89% 11,497 $2M $206.94 $340K +501 +4.6%
33 GOOG 0.83% 7,145 $2M $313.80 $877K +1,540 +27.5%
34 COST 0.80% 2,502 $2M $862.29 -$300K -153 -5.8%
35 WULF 0.77% 180,000 $2M $11.49 -$947K -84,000 -31.8%
36 CSWC 0.74% 89,911 $2M $22.15 $155K +5,880 +7.0%
37 BAC 0.74% 36,070 $2M $55.00 $113K -204 -0.6%
38 T 0.70% 76,093 $2M $24.84 -$360K -3,589 -4.5%
39 WFC 0.69% 19,786 $2M $93.20 $182K -48 -0.2%
40 MTZ 0.68% 8,350 $2M $217.37 $81K +200 +2.5%
41 AXP 0.66% 4,799 $2M $369.98 $190K +25 +0.5%
42 XEL 0.65% 23,736 $2M $73.86 -$225K -796 -3.2%
43 CMC 0.60% 23,382 $2M $69.22 $268K -191 -0.8%
44 UPS 0.58% 15,583 $2M $99.19 $312K +811 +5.5%
45 PLTR 0.57% 8,578 $2M $177.75 $25K +359 +4.4%
46 IBM 0.55% 5,010 $1M $296.20 $42K -99 -1.9%
47 BANC 0.52% 72,825 $1M $19.29 $253K +3,250 +4.7%
48 AMGN 0.49% 4,053 $1M $327.28 $155K -99 -2.4%
49 AEP 0.47% 10,923 $1M $115.31 $17K -124 -1.1%
50 MRK 0.42% 10,671 $1M $105.26 $241K +162 +1.5%
51 TSLA 0.41% 2,460 $1M $449.72 $30K +40 +1.6%
52 GS 0.41% 1,250 $1M $879.00 $103K
53 SCHW 0.41% 10,897 $1M $99.91 -$72K -1,264 -10.4%
54 POWL 0.40% 3,401 $1M $318.73 -$6K -174 -4.9%
55 PR 0.39% 74,630 $1M $14.03 $329K +18,520 +33.0%
56 DUK 0.38% 8,827 $1M $117.21 -$81K -191 -2.1%
57 GEO 0.38% 63,470 $1M $16.12 -$266K +535 +0.8%
58 ETD 0.37% 44,066 $1M $22.84 -$2M -74,085 -62.7%
59 MMM 0.37% 6,230 $997K $160.10 $28K -16 -0.3%
60 VZ 0.37% 24,370 $993K $40.73 -$206K -2,911 -10.7%
61 BX 0.37% 6,410 $988K $154.14 -$107K
62 CRS 0.36% 3,050 $960K $314.84 $211K
63 HPE 0.36% 39,802 $956K $24.02 -$645K -25,376 -38.9%
64 MS 0.33% 5,062 $899K $177.53 $94K
65 ONON 0.33% 19,100 $888K $46.48 $319K +5,660 +42.1%
66 FDX 0.33% 3,060 $884K $288.86 $475K +1,325 +76.4%
67 VRT 0.31% 5,115 $829K $162.02 $83K +172 +3.5%
68 ATO 0.28% 4,559 $764K $167.64 -$65K -297 -6.1%
69 GENI 0.28% 68,500 $755K $11.02 -$68K +2,000 +3.0%
70 BRK-A 0.28% 1 $755K $754,800.00 $600
71 KO 0.27% 10,406 $728K $69.91 -$30K -1,021 -8.9%
72 TFC 0.26% 14,448 $711K $49.21 $222K +3,762 +35.2%
73 BRK-B 0.24% 1,302 $654K $502.65 -$117
74 V 0.24% 1,805 $633K $350.75 -$16K -97 -5.1%
75 CXW 0.23% 32,500 $621K $19.11 +32,500 NEW
76 RTX 0.23% 3,309 $607K $183.38 $175K +731 +28.4%
77 FWRG 0.22% 39,000 $588K $15.08 +39,000 NEW
78 SPG 0.21% 3,100 $574K $185.11 -$8K
79 HR 0.21% 33,405 $566K $16.95 -$41K -250 -0.7%
80 EAT 0.21% 3,902 $560K $143.52 $322K +2,027 +108.1%
81 AEE 0.19% 5,215 $521K $99.87 -$23K
82 SO 0.19% 5,795 $505K $87.20 -$65K -225 -3.7%
83 PWFL 0.18% 91,450 $487K $5.32 $259K +47,950 +110.2%
84 RH 0.18% 2,675 $479K $179.15 -$328K -1,300 -32.7%
85 AVGO 0.18% 1,370 $474K $346.10 $55K +100 +7.9%
86 PANW 0.18% 2,560 $472K $184.20 -$50K
87 TTWO 0.17% 1,835 $470K $256.03 $63K +260 +16.5%
88 LUV 0.17% 11,325 $468K $41.33 $145K +1,200 +11.8%
89 DELL 0.17% 3,670 $462K $125.88 -$80K -150 -3.9%
90 HON 0.17% 2,350 $458K $195.09 -$36K
91 NFLX 0.16% 4,700 $441K $93.76 -$147K +4,210 +859.2%
92 CFR 0.15% 3,278 $415K $126.63 -$459
93 ORCL 0.15% 2,100 $409K $194.91 -$209K -100 -4.5%
94 MTDR 0.15% 9,260 $393K $42.44 -$144K -2,692 -22.5%
95 GM 0.15% 4,808 $391K $81.32 +4,808 NEW
96 MCD 0.14% 1,200 $367K $305.63 -$28K -100 -7.7%
97 PEP 0.12% 2,252 $323K $143.49 $14K +50 +2.3%
98 FVR 0.12% 21,600 $319K $14.76 +21,600 NEW
99 TXN 0.10% 1,612 $280K $173.51 -$16K +1 +0.1%
100 LMT 0.10% 575 $278K $483.67 -$9K

New Positions

SymbolValue% Port
CXW $621K 0.23%
FWRG $588K 0.22%
GM $391K 0.15%
FVR $319K 0.12%
CRK $232K 0.09%
DECK $227K 0.08%

Sold Out Positions

SymbolValue% Port
FOUR —%
SPOT —%
DVN —%
MTN —%
GEV —%
PG —%
GNRC —%
LIF —%
FANG —%
VRNS —%
SNBR —%
TTG.L —%
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