First Dallas Securities Inc.

Broker-Dealer

CIK

1378559

Location

DALLAS, TX

Portfolio Value

Small $258,615,101

Diversification

Diversified

Filing Date

Global Rank

#3,667 / 8,603 ▲ 109 · as of Mar 2026

Top Industry

Semiconductors 16.6%

3Y Alpha vs SPY

+2.2%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+84.1%

SPY

+76.5%

Annualised alpha

+1.7%

Max drawdown

−22.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

115 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

13.9%

−0.8 pts

Top 5

37.5%

+1.9 pts

Top 10

48.9%

+1.0 pts

HHI

445

Diversified+24

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.6%	$76,517,107	20
Energy	15.9%	$41,079,518	8
Industrials	11.8%	$30,488,884	22
Consumer Cyclical	11.3%	$29,161,099	16
Financial Services	8.9%	$22,943,938	16
Healthcare	5.1%	$13,123,758	8
Basic Materials	4.8%	$12,482,424	3
Communication Services	3.6%	$9,380,203	5
Real Estate	3.6%	$9,301,940	6
Consumer Defensive	2.7%	$7,103,409	4
Utilities	2.7%	$7,032,821	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FWRG	First Watch Restaurant Group, Inc.	+127,750	166,750	$1,747,540
FVR	FrontView REIT, Inc.	+74,350	95,950	$1,484,346
WHR	Whirlpool Corp /De/	+17,008	55,112	$2,971,639
ETD	Ethan Allen Interiors Inc	+15,459	59,525	$1,325,026
UPS	United Parcel Service Inc	+14,251	29,834	$2,935,068
NFLX	Netflix Inc	+6,738	11,438	$1,099,763
RHP	Ryman Hospitality Properties, Inc.	+5,576	35,916	$3,313,969
GEO	Geo Group Inc	+5,150	68,620	$1,153,502
JNJ	Johnson & Johnson	+5,070	16,567	$4,049,637
HR	Healthcare Realty Trust Inc	+5,000	38,405	$652,500
LUV	Southwest Airlines Co	+4,650	15,975	$600,180
C	Citigroup Inc	+3,886	30,030	$3,405,702
AVGO	Broadcom Inc.	+3,365	4,735	$1,465,529
EXE	EXPAND ENERGY Corp	+3,320	31,014	$3,404,716
NVDA	Nvidia Corp	+1,919	206,615	$36,033,656
MTDR	Matador Resources Co	+1,008	10,268	$648,732
HD	Home Depot, Inc.	+775	11,989	$3,943,062
EXP	Eagle Materials Inc	+751	16,449	$3,116,263
BA	Boeing Co	+745	32,437	$6,455,936
PANW	Palo Alto Networks Inc	+550	3,110	$498,595
VZ	Verizon Communications Inc	+445	24,815	$1,245,713
IBM	International Business Machines Corp	+320	5,330	$1,291,938
TFC	Truist Financial Corp	+211	14,659	$673,874
WFC	Wells Fargo & Company/Mn	+203	19,989	$1,591,324
RH	Rh	+175	2,850	$398,487
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AIOT	Powerfleet, Inc.	−45,000	46,450	$143,066
WULF	Terawulf Inc.	−26,250	153,750	$2,218,612
GENI	Genius Sports Ltd	−25,000	43,500	$192,705
DKNG	DraftKings Inc.	−14,903	96,490	$2,086,113
HPE	Hewlett Packard Enterprise Co	−14,876	24,926	$593,488
KEX	Kirby Corp	−13,375	12,815	$1,702,857
ABBV	AbbVie Inc.	−12,199	4,027	$875,832
VST	Vistra Corp.	−11,450	4,270	$641,909
FCX	Freeport-Mcmoran Inc	−7,975	124,683	$7,328,866
UNH	Unitedhealth Group Inc	−6,837	850	$230,001
PR	Permian Resources Corp	−6,680	67,950	$1,448,694
MSFT	Microsoft Corp	−5,650	10,672	$3,950,454
TPL	Texas Pacific Land Corp	−5,100	59,555	$28,262,420
CXW	CoreCivic, Inc.	−5,000	27,500	$520,025
MU	Micron Technology Inc	−4,931	7,945	$2,684,138
SN	SharkNinja, Inc.	−4,500	35,460	$3,755,214
VRT	Vertiv Holdings Co	−3,775	1,340	$335,777
MRP	Millrose Properties, Inc.	−3,545	108,844	$3,047,632
CLF	Cleveland-Cliffs Inc.	−2,700	241,100	$2,037,295
BANC	Banc Of California, Inc.	−2,350	70,475	$1,238,950
UBER	Uber Technologies, Inc	−2,200	77,215	$5,554,074
OKE	Oneok Inc /New/	−1,994	71,619	$6,473,641
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,847	7,276	$2,458,924
MMM	3M Co	−1,819	4,411	$640,609
BAC	Bank Of America Corp /De/	−1,787	34,283	$1,671,296
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
AMAT	Applied Materials Inc /De	4,175	$1,426,973
ACA	Arcosa, Inc.	9,925	$1,053,439
VIK	Viking Holdings Ltd	12,450	$914,826
MTN	Vail Resorts Inc	6,450	$827,664
GIL	Gildan Activewear Inc.	9,600	$534,240
IPGP	Ipg Photonics Corp	3,340	$382,730
YOU	Clear Secure, Inc.	6,650	$321,926
CRCL	Circle Internet Group, Inc.	3,050	$291,000
NVGS	Navigator Holdings Ltd.	13,800	$266,754
TWLO	Twilio Inc	1,800	$226,476
OUT	OUTFRONT Media Inc.	8,500	$225,250
GNRC	Generac Holdings Inc.	1,150	$224,629
ONDS	Ondas Inc.	24,500	$221,480
ISRG	Intuitive Surgical Inc	450	$207,445
SOPH	SOPHiA GENETICS SA	10,000	$49,500
SFIX	Stitch Fix, Inc.	11,500	$38,065
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
V	Visa Inc.	1,805	$633,031
TTWO	Take Two Interactive Software Inc	1,835	$469,815
GM	General Motors Co	4,808	$390,986
CRK	Comstock Resources Inc	10,000	$231,800
DECK	Deckers Outdoor Corp	2,190	$227,037
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

115 positions · $258,615,101 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 115 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	206,615	+1,919	$36,033,656	−5.6%	13.93%
TPL	Texas Pacific Land Corp Energy	Reduced	59,555	-5,100	$28,262,420	+52.2%	10.93%
AAPL	Apple Inc. Technology	Reduced	67,171	-853	$17,047,328	−7.8%	6.59%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	39,696	-310	$8,267,485	−10.5%	3.20%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	124,683	-7,975	$7,328,866	+8.8%	2.83%
OKE	Oneok Inc /New/ Energy	Reduced	71,619	-1,994	$6,473,641	+19.6%	2.50%
BA	Boeing Co Industrials	Added	32,437	+745	$6,455,936	−6.2%	2.50%
CAT	Caterpillar Inc Industrials	Reduced	8,652	-1,038	$6,129,595	+10.4%	2.37%
UBER	Uber Technologies, Inc Technology	Reduced	77,215	-2,200	$5,554,074	−14.4%	2.15%
LLY	ELI LILLY & Co Healthcare	Reduced	5,392	-361	$4,959,399	−19.8%	1.92%
META	Meta Platforms, Inc. Communication Services	Reduced	8,133	-338	$4,653,133	−16.8%	1.80%
JNJ	Johnson & Johnson Healthcare	Added	16,567	+5,070	$4,049,637	+70.2%	1.57%
MSFT	Microsoft Corp Technology	Reduced	10,672	-5,650	$3,950,454	−50.0%	1.53%
HD	Home Depot, Inc. Consumer Cyclical	Added	11,989	+775	$3,943,062	+2.2%	1.52%
JPM	Jpmorgan Chase & Co Financial Services	Added	13,218	+51	$3,888,206	−8.4%	1.50%
SN	SharkNinja, Inc. Consumer Cyclical	Reduced	35,460	-4,500	$3,755,214	−16.0%	1.45%
WMT	Walmart Inc. Consumer Defensive	Reduced	27,926	-324	$3,470,643	+10.3%	1.34%
C	Citigroup Inc Financial Services	Added	30,030	+3,886	$3,405,702	+11.6%	1.32%
EXE	EXPAND ENERGY Corp Energy	Added	31,014	+3,320	$3,404,716	+11.4%	1.32%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	35,916	+5,576	$3,313,969	+15.4%	1.28%
EXP	Eagle Materials Inc Basic Materials	Added	16,449	+751	$3,116,263	−4.0%	1.20%
MRP	Millrose Properties, Inc. Real Estate	Reduced	108,844	-3,545	$3,047,632	−9.2%	1.18%
WHR	Whirlpool Corp /De/ Consumer Cyclical	Added	55,112	+17,008	$2,971,639	+8.1%	1.15%
UPS	United Parcel Service Inc Industrials	Added	29,834	+14,251	$2,935,068	+89.9%	1.13%
MU	Micron Technology Inc Technology	Reduced	7,945	-4,931	$2,684,138	−27.0%	1.04%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	2,557	+55	$2,547,871	+18.1%	0.99%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	7,276	-1,847	$2,458,924	−11.3%	0.95%
MTZ	Mastec Inc Industrials	Reduced	7,500	-850	$2,413,050	+32.9%	0.93%
WULF	Terawulf Inc. Financial Services	Reduced	153,750	-26,250	$2,218,612	+7.3%	0.86%
T	At&T Inc. Communication Services	Reduced	75,505	-588	$2,188,889	+15.8%	0.85%
DKNG	DraftKings Inc. Consumer Cyclical	Reduced	96,490	-14,903	$2,086,113	−45.7%	0.81%
CLF	Cleveland-Cliffs Inc. Basic Materials	Reduced	241,100	-2,700	$2,037,295	−37.1%	0.79%
CSWC	Capital Southwest Corp Financial Services	Reduced	89,691	-220	$1,983,964	−0.4%	0.77%
XEL	Xcel Energy Inc Utilities	Reduced	23,240	-496	$1,846,185	+5.3%	0.71%
FWRG	First Watch Restaurant Group, Inc. Consumer Cyclical	Added	166,750	+127,750	$1,747,540	+197.1%	0.68%
KEX	Kirby Corp Industrials	Reduced	12,815	-13,375	$1,702,857	−41.0%	0.66%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	34,283	-1,787	$1,671,296	−15.8%	0.65%
WFC	Wells Fargo & Company/Mn Financial Services	Added	19,989	+203	$1,591,324	−13.7%	0.62%
FVR	FrontView REIT, Inc. Real Estate	Added	95,950	+74,350	$1,484,346	+365.6%	0.57%
AVGO	Broadcom Inc. Technology	Added	4,735	+3,365	$1,465,529	+209.1%	0.57%
AMGN	Amgen Inc Healthcare	Added	4,153	+100	$1,461,233	+10.1%	0.57%
PR	Permian Resources Corp Energy	Reduced	67,950	-6,680	$1,448,694	+38.4%	0.56%
AEP	American Electric Power Co Inc Utilities	Added	10,969	+46	$1,437,816	+14.2%	0.56%
AMAT	Applied Materials Inc /De Technology	NEW	4,175	NEW	$1,426,973	NEW	0.55%
CMC	COMMERCIAL METALS Co Industrials	Reduced	22,460	-922	$1,379,717	−14.8%	0.53%
AXP	American Express Co Financial Services	Reduced	4,440	-359	$1,343,011	−24.4%	0.52%
ETD	Ethan Allen Interiors Inc Consumer Cyclical	Added	59,525	+15,459	$1,325,026	+31.7%	0.51%
IBM	International Business Machines Corp Technology	Added	5,330	+320	$1,291,938	−12.9%	0.50%
MRK	Merck & Co., Inc. Healthcare	Added	10,730	+59	$1,290,711	+14.9%	0.50%
VZ	Verizon Communications Inc Communication Services	Added	24,815	+445	$1,245,713	+25.5%	0.48%