First Dallas Securities Inc.

Registered adviser

CIK

1378559

Location

DALLAS, TX

Portfolio Value

Small $302,571,387

Diversification

Diversified

Filing Date

Global Rank

#5,223 / 8,827 ▼ 75

Top Industry

Semiconductors 17.9%

Period ended 4 months ago

Filed Aug 3, 2026 · 3mo

25 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 24549

Roster of Nov 1, 2026

Regulatory AUM

$398,438,408

Main clients

Individuals and high net worth (86% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Nov 2026	$398,438,408	Individuals and high net worth (86%)
Dec 2025 to Oct 2026	$335,711,026	Individuals and high net worth (85%)
Nov 2024 to Sep 2025	$297,314,357	Individuals and high net worth (85%)
Nov 2023 to Oct 2024	$234,332,273	Individuals and high net worth (86%)
May 2023 to Oct 2023	$221,058,883	Individuals and high net worth (85%)
Nov 2022 to Apr 2023	$221,058,883	Individuals and high net worth (85%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 45.7%, 25.6 effective positions, active share 57.3% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

24.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.5 quarters (12+), a floor since 39.8% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 57.3%; sector active share 24.0% against the combined 13F book's sector weights.

Over time 25 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

125 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.8%

+0.5 pts

Top 5

34.7%

−1.2 pts

Top 10

45.7%

−2.1 pts

HHI

391

Diversified−25

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	30.7%	$92,758,569	20
Energy	14.0%	$42,233,884	9
Industrials	13.5%	$40,838,262	26
Consumer Cyclical	11.1%	$33,730,717	16
Financial Services	8.7%	$26,385,994	17
Healthcare	4.9%	$14,943,172	9
Basic Materials	4.3%	$13,083,100	3
Real Estate	4.0%	$12,155,405	6
Communication Services	3.8%	$11,467,782	6
Consumer Defensive	2.6%	$7,904,430	6
Utilities	2.3%	$7,070,072	7

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FVR	FrontView REIT, Inc.	+18,750	114,700	$2,320,381
LUV	Southwest Airlines Co	+15,000	30,975	$1,592,734
ETD	Ethan Allen Interiors Inc	+12,156	71,681	$1,601,353
VIK	Viking Holdings Ltd	+11,400	23,850	$2,496,379
FWRG	First Watch Restaurant Group, Inc.	+10,500	177,250	$2,284,752
TWLO	Twilio Inc	+4,500	6,300	$1,299,879
POWL	Powell Industries Inc	+3,699	6,850	$1,961,566
IPGP	Ipg Photonics Corp	+3,585	6,925	$812,441
AMZN	Amazon Com Inc	+3,430	43,126	$10,278,650
MTN	Vail Resorts Inc	+2,875	9,325	$1,269,598
EXE	EXPAND ENERGY Corp	+2,560	33,574	$3,061,613
GE	General Electric Co	+2,070	2,957	$1,105,119
GIL	Gildan Activewear Inc.	+2,000	11,600	$598,560
NVDA	Nvidia Corp	+1,932	208,547	$41,728,169
MRP	Millrose Properties, Inc.	+1,756	110,600	$3,323,530
MRK	Merck & Co., Inc.	+1,214	11,944	$1,534,804
RHP	Ryman Hospitality Properties, Inc.	+1,152	37,068	$4,765,091
ONON	On Holding AG	+1,000	19,600	$694,232
CSWC	Capital Southwest Corp	+777	90,468	$2,150,424
AVGO	Broadcom Inc.	+620	5,355	$2,022,851
HD	Home Depot, Inc.	+351	12,340	$4,352,071
VST	Vistra Corp.	+333	4,603	$730,173
MTDR	Matador Resources Co	+257	10,525	$523,934
YOU	Clear Secure, Inc.	+250	6,900	$384,537
BA	Boeing Co	+220	32,657	$7,069,260
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CLF	Cleveland-Cliffs Inc.	−51,600	189,500	$1,779,405
DKNG	DraftKings Inc.	−39,650	56,840	$1,435,778
WHR	Whirlpool Corp	−25,955	29,157	$1,149,368
GEO	Geo Group Inc	−24,700	43,920	$1,297,836
AIOT	Powerfleet, Inc.	−16,700	29,750	$113,942
HPE	Hewlett Packard Enterprise Co	−14,018	10,908	$492,059
WULF	Terawulf Inc.	−14,000	139,750	$3,451,825
BANC	Banc Of California, Inc.	−5,750	64,725	$1,322,331
OKE	Oneok Inc	−5,493	66,126	$5,748,994
BAC	Bank Of America Corp	−3,791	30,492	$1,737,434
UBER	Uber Technologies, Inc	−3,510	73,705	$5,318,552
PR	Permian Resources Corp	−3,200	64,750	$1,192,047
MMM	3M Co	−2,699	1,712	$277,189
FCX	Freeport-Mcmoran Inc	−2,546	122,137	$7,681,195
TPL	Texas Pacific Land Corp	−2,420	57,135	$25,004,561
MU	Micron Technology Inc	−2,250	5,695	$6,573,681
NFLX	Netflix Inc	−2,200	9,238	$659,593
MTZ	Mastec Inc	−2,190	5,310	$2,209,278
WFC	Wells Fargo & Company	−1,896	18,093	$1,495,205
KEX	Kirby Corp	−1,800	11,015	$1,497,709
BX	Blackstone Inc.	−1,668	4,842	$569,758
MSFT	Microsoft Corp	−1,572	9,100	$3,394,482
SFIX	Stitch Fix, Inc.	−1,500	10,000	$41,100
C	Citigroup Inc	−1,340	28,690	$4,015,452
SN	SharkNinja, Inc.	−1,325	34,135	$5,197,736
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
AIR	Aar Corp	26,305	$3,759,773
KMB	Kimberly Clark Corp	11,600	$1,273,332
GOOGL	Alphabet Inc.	3,078	$1,099,984
NVO	Novo Nordisk A S	20,967	$1,005,157
TSCO	Tractor Supply Co	24,250	$766,542
SAIL	SailPoint, Inc.	38,550	$564,372
PODD	Insulet Corp	3,450	$525,262
OC	Owens Corning	3,100	$492,776
ULTA	Ulta Beauty, Inc.	800	$360,784
CECO	Ceco Environmental Corp	3,850	$349,349
UAL	United Airlines Holdings, Inc.	2,400	$326,376
AAL	American Airlines Group Inc.	17,431	$314,978
RIVN	Rivian Automotive, Inc.	16,900	$293,215
CRK	Comstock Resources Inc	18,650	$278,258
HONA	Honeywell Aerospace Inc.	1,175	$259,769
VPG	Vishay Precision Group, Inc.	1,575	$236,108
COF	Capital One Financial Corp	1,000	$200,620
PG	PROCTER & GAMBLE Co	1,365	$200,163
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
IBM	International Business Machines Corp	5,330	$1,291,938
ACA	Arcosa, Inc.	9,925	$1,053,439
CXW	CoreCivic, Inc.	27,500	$520,025
EAT	Brinker International, Inc	2,990	$426,882
RH	Rh	2,850	$398,487
MCD	Mcdonalds Corp	1,185	$368,286
CRCL	Circle Internet Group, Inc.	3,050	$291,000
NVGS	Navigator Holdings Ltd.	13,800	$266,754
ONDS	Ondas Inc.	24,500	$221,480
ISRG	Intuitive Surgical Inc	450	$207,445
GENI	Genius Sports Ltd	43,500	$192,705
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

125 tracked positions · $302,571,387 total · filing declares 125 positions · $302,570,738 · as of Jun 30, 2026

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

Showing 1–50 of 125 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NVDA	Nvidia Corp Technology	Added	208,547	+1,932	$41,728,169	+15.8%	26+	before history	13.79%
TPL	Texas Pacific Land Corp Energy	Reduced	57,135	-2,420	$25,004,561	−11.5%	21	$176.75	8.26%
AAPL	Apple Inc. Technology	Added	67,352	+181	$19,488,974	+14.3%	26+	before history	6.44%
AMZN	Amazon Com Inc Consumer Cyclical	Added	43,126	+3,430	$10,278,650	+24.3%	26+	before history	3.40%
CAT	Caterpillar Inc Industrials	Reduced	8,087	-565	$8,611,846	+40.5%	26+	before history	2.85%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	122,137	-2,546	$7,681,195	+4.8%	22	$41.26	2.54%
BA	Boeing Co Industrials	Added	32,657	+220	$7,069,260	+9.5%	11	$205.64	2.34%
MU	Micron Technology Inc Technology	Reduced	5,695	-2,250	$6,573,681	+144.9%	23	$69.46	2.17%
XOM	ExxonMobil Holdings Corp Energy	Reduced	43,692	-698	$5,973,570	−20.7%	26+	before history	1.97%
OKE	Oneok Inc Energy	Reduced	66,126	-5,493	$5,748,994	−11.2%	26+	before history	1.90%
UBER	Uber Technologies, Inc Technology	Reduced	73,705	-3,510	$5,318,552	−4.2%	21	$45.11	1.76%
LLY	ELI LILLY & Co Healthcare	Reduced	4,359	-1,033	$5,228,315	+5.4%	11	$646.28	1.73%
SN	SharkNinja, Inc. Consumer Cyclical	Reduced	34,135	-1,325	$5,197,736	+38.4%	8	$96.94	1.72%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	37,068	+1,152	$4,765,091	+43.8%	5	$95.80	1.57%
META	Meta Platforms, Inc. Communication Services	Reduced	7,893	-240	$4,446,047	−4.5%	11	$391.44	1.47%
HD	Home Depot, Inc. Consumer Cyclical	Added	12,340	+351	$4,352,071	+10.4%	26+	before history	1.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	13,219	+1	$4,326,975	+11.3%	26+	before history	1.43%
JNJ	Johnson & Johnson Healthcare	Reduced	15,944	-623	$4,049,297	−0.0%	11	$179.50	1.34%
C	Citigroup Inc Financial Services	Reduced	28,690	-1,340	$4,015,452	+17.9%	8	$75.22	1.33%
AIR	Aar Corp Industrials	NEW	26,305	NEW	$3,759,773	NEW	1	$118.07	1.24%
EXP	Eagle Materials Inc Basic Materials	Reduced	16,100	-349	$3,622,500	+16.2%	26+	before history	1.20%
WULF	Terawulf Inc. Financial Services	Reduced	139,750	-14,000	$3,451,825	+55.6%	6	$5.75	1.14%
MSFT	Microsoft Corp Technology	Reduced	9,100	-1,572	$3,394,482	−14.1%	26+	before history	1.12%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	7,079	-197	$3,380,718	+37.5%	11	$134.25	1.12%
MRP	Millrose Properties, Inc. Real Estate	Added	110,600	+1,756	$3,323,530	+9.1%	5	$29.16	1.10%
UPS	United Parcel Service Inc Industrials	Added	29,915	+81	$3,215,862	+9.6%	11	$116.01	1.06%
AMAT	Applied Materials Inc Technology	Added	4,275	+100	$3,090,825	+116.6%	2	$339.30	1.02%
WMT	Walmart Inc. Consumer Defensive	Reduced	27,254	-672	$3,086,788	−11.1%	26+	before history	1.02%
EXE	EXPAND ENERGY Corp Energy	Added	33,574	+2,560	$3,061,613	−10.1%	16	$91.82	1.01%
GOOG	Alphabet Inc. Communication Services	Added	7,620	+210	$2,692,374	+26.7%	23	unpriced	0.89%
VIK	Viking Holdings Ltd Consumer Cyclical	Added	23,850	+11,400	$2,496,379	+172.9%	2	$79.50	0.83%
FVR	FrontView REIT, Inc. Real Estate	Added	114,700	+18,750	$2,320,381	+56.3%	3	$16.09	0.77%
FWRG	First Watch Restaurant Group, Inc. Consumer Cyclical	Added	177,250	+10,500	$2,284,752	+30.7%	3	$14.82	0.76%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	2,434	-123	$2,276,933	−10.6%	26+	before history	0.75%
MTZ	Mastec Inc Industrials	Reduced	5,310	-2,190	$2,209,278	−8.4%	8	$125.70	0.73%
CSWC	Capital Southwest Corp Financial Services	Added	90,468	+777	$2,150,424	+8.4%	11	$22.52	0.71%
AVGO	Broadcom Inc. Technology	Added	5,355	+620	$2,022,851	+38.0%	8	unpriced	0.67%
POWL	Powell Industries Inc Industrials	Added	6,850	+3,699	$1,961,566	+15.1%	5	$71.45	0.65%
XEL	Xcel Energy Inc Utilities	Added	23,245	+5	$1,866,573	+1.1%	11	$59.92	0.62%
CLF	Cleveland-Cliffs Inc. Basic Materials	Reduced	189,500	-51,600	$1,779,405	−12.7%	26+	before history	0.59%
BAC	Bank Of America Corp Financial Services	Reduced	30,492	-3,791	$1,737,434	+4.0%	11	$29.12	0.57%
CRS	Carpenter Technology Corp Industrials	Reduced	2,660	-390	$1,640,794	+36.5%	6	$199.81	0.54%
ETD	Ethan Allen Interiors Inc Consumer Cyclical	Added	71,681	+12,156	$1,601,353	+20.9%	23	$26.16	0.53%
LUV	Southwest Airlines Co Industrials	Added	30,975	+15,000	$1,592,734	+165.4%	11	$37.00	0.53%
T	At&T Inc. Communication Services	Reduced	74,410	-1,095	$1,540,287	−29.6%	11	$16.22	0.51%
MRK	Merck & Co., Inc. Healthcare	Added	11,944	+1,214	$1,534,804	+18.9%	26+	before history	0.51%
AXP	American Express Co Financial Services	Added	4,441	+1	$1,502,168	+11.9%	18	$161.97	0.50%
KEX	Kirby Corp Industrials	Reduced	11,015	-1,800	$1,497,709	−12.0%	6	$103.58	0.49%
WFC	Wells Fargo & Company Financial Services	Reduced	18,093	-1,896	$1,495,205	−6.0%	11	$61.10	0.49%
AMGN	Amgen Inc Healthcare	Reduced	4,064	-89	$1,471,655	+0.7%	15	$273.51	0.49%

Showing the top 50 of 125 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.