First Dallas Securities Inc.
Sector Allocation
- Technology36.4%$110.0M
- Financials16.3%$49.2M
- Industrials11.5%$34.7M
- Consumer Discretionary7.3%$22.2M
- Energy6.7%$20.2M
- Materials5.9%$17.9M
- Healthcare5.0%$15.2M
- Real Estate4.0%$12.2M
- Consumer Staples2.2%$6.6M
- Utilities2.1%$6.3M
AUM History
13fpro.ai/research/fund/first-dallas-securities-inc-1378559
Conviction and streaks
Diversifying · top 10 = 45.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NVDA
$41.7MTPL
$25.0MAAPL
$19.5MAMZN
$10.3MCAT
$8.6MFCX
$7.7MBA
$7.1MMU
$6.6MXOM.R34088
$6.0MOKE
$5.7MUBER
$5.3MLLY
$5.2MSN
$5.2MRHP
$4.8MMETA
$4.4MHD
$4.4MJPM
$4.3MJNJ
$4.0MC
$4.0MAIR
$3.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/first-dallas-securities-inc-1378559
First Dallas Securities Inc. 13F holdings — Q2 2026
$302.6M portfolio (+11.9% QoQ) · 125 holdings · Q2 2026 13F · top 10 are 46% of the stock portfolio
$41.7M
13.8% of stocks
+0.9%This quarter+4.5%Since filed5+ qtrsHeld$25.0M
8.3% of stocks
-4%This quarter-17.9%Since filed5+ qtrsHeldAIQuality72.7#141Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$19.5M
6.4% of stocks
+0.3%This quarter+13.3%Since filed5+ qtrsHeld$10.3M
3.4% of stocks
+9%This quarter-12.3%Since filed5+ qtrsHeld$8.6M
2.9% of stocks
-7%This quarter-16.6%Since filed5+ qtrsHeldAIQuality66.6#398Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$7.7M
2.5% of stocks
-2%This quarter+2.4%Since filed5+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$7.1M
2.3% of stocks
+0.7%This quarter-19.4%Since filed5+ qtrsHeld$6.6M
2.2% of stocks
-28%This quarter+8.9%Since filed5+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$6.0M
2.0% of stocks
-2%This quarter—Since filed5+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$5.7M
1.9% of stocks
-8%This quarter+9.2%Since filed5+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — First Dallas Securities Inc. (Q2 2026)
125 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Uber Technologies, Inc | Technology | $5.3M | 1.8% | 74K | -5% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | ELI LILLY & Co | Healthcare | $5.2M | 1.7% | 4,359 | -19% | 5+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | SharkNinja, Inc. | Technology | $5.2M | 1.7% | 34K | -4% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Ryman Hospitality Properties, Inc. | Real Estate | $4.8M | 1.6% | 37K | +3% | 5+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Meta Platforms, Inc. | Technology | $4.4M | 1.5% | 7,893 | -3% | 5+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | HOME DEPOT, INC. | Consumer Discretionary | $4.4M | 1.4% | 12K | +3% | 5+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JPMORGAN CHASE & CO | Financials | $4.3M | 1.4% | 13K | +0.0% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | JOHNSON & JOHNSON | Healthcare | $4.0M | 1.3% | 16K | -4% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | CITIGROUP INC | Financials | $4.0M | 1.3% | 29K | -4% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | AAR CORP | Industrials | $3.8M | 1.2% | 26K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | EAGLE MATERIALS INC | Materials | $3.6M | 1.2% | 16K | -2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | TERAWULF INC. | Financials | $3.5M | 1.1% | 140K | -9% | 5+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | MICROSOFT CORP | Technology | $3.4M | 1.1% | 9,100 | -15% | 5+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDadr | Technology | $3.4M | 1.1% | 7,079 | -3% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Millrose Properties, Inc. | Real Estate | $3.3M | 1.1% | 111K | +2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $3.2M | 1.1% | 30K | +0.3% | |||
| 27 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $3.1M | 1.0% | 4,275 | +2% | |||
| 28 | $WMT | Walmart Inc. | Consumer Staples | $3.1M | 1.0% | 27K | -2% | |||
| 29 | $EXE | EXPAND ENERGY Corp | Energy | $3.1M | 1.0% | 34K | +8% | |||
| 30 | $GOOG | Alphabet Inc. | Technology | $2.7M | 0.9% | 7,620 | +3% | |||
| 31 | $VIK | Viking Holdings Ltd | Industrials | $2.5M | 0.8% | 24K | +92% | |||
| 32 | $FVR | FrontView REIT, Inc. | Real Estate | $2.3M | 0.8% | 115K | +20% | |||
| 33 | $FWRG | First Watch Restaurant Group, Inc. | Consumer Discretionary | $2.3M | 0.8% | 177K | +6% | |||
| 34 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $2.3M | 0.8% | 2,434 | -5% | |||
| 35 | $MTZ | MASTEC INC | Energy | $2.2M | 0.7% | 5,310 | -29% | |||
| 36 | $CSWC | CAPITAL SOUTHWEST CORP | Other | $2.2M | 0.7% | 90K | +0.9% | |||
| 37 | $AVGO | Broadcom Inc. | Technology | $2.0M | 0.7% | 5,355 | +13% | |||
| 38 | $POWL | POWELL INDUSTRIES INC | Technology | $2.0M | 0.7% | 6,850 | +117% | |||
| 39 | $XEL | XCEL ENERGY INC | Utilities | $1.9M | 0.6% | 23K | +0.0% | |||
| 40 | $CLF | CLEVELAND-CLIFFS INC. | Materials | $1.8M | 0.6% | 190K | -21% | |||
| 41 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $1.7M | 0.6% | 30K | -11% | |||
| 42 | $CRS | CARPENTER TECHNOLOGY CORP | Materials | $1.6M | 0.5% | 2,660 | -13% | |||
| 43 | $ETD | ETHAN ALLEN INTERIORS INC | Consumer Discretionary | $1.6M | 0.5% | 72K | +20% | |||
| 44 | $LUV | SOUTHWEST AIRLINES CO | Industrials | $1.6M | 0.5% | 31K | +94% | |||
| 45 | $T | AT&T INC. | Communication Services | $1.5M | 0.5% | 74K | -1% | |||
| 46 | $MRK | Merck & Co., Inc. | Healthcare | $1.5M | 0.5% | 12K | +11% | |||
| 47 | $AXP | AMERICAN EXPRESS CO | Financials | $1.5M | 0.5% | 4,441 | +0.0% | |||
| 48 | $KEX | KIRBY CORP | Industrials | $1.5M | 0.5% | 11K | -14% | |||
| 49 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $1.5M | 0.5% | 18K | -9% | |||
| 50 | $AMGN | AMGEN INC | Healthcare | $1.5M | 0.5% | 4,064 | -2% | |||
| 51 | $AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | $1.5M | 0.5% | 11K | -3% | |||
| 52 | $DKNG | DraftKings Inc. | Communication Services | $1.4M | 0.5% | 57K | -41% | |||
| 53 | $CMC | COMMERCIAL METALS Co | Materials | $1.4M | 0.5% | 22K | -1% | |||
| 54 | $DELL | Dell Technologies Inc. | Technology | $1.4M | 0.5% | 3,159 | -9% | |||
| 55 | $BANC | BANC OF CALIFORNIA, INC. | Financials | $1.3M | 0.4% | 65K | -8% | |||
| 56 | $TWLO | TWILIO INC | Technology | $1.3M | 0.4% | 6,300 | +250% | |||
| 57 | $GEO | GEO GROUP INC | Industrials | $1.3M | 0.4% | 44K | -36% | |||
| 58 | $KMB | KIMBERLY CLARK CORP | Materials | $1.3M | 0.4% | 12K | New | |||
| 59 | $MTN | VAIL RESORTS INC | Communication Services | $1.3M | 0.4% | 9,325 | +45% | |||
| 60 | $GS | GOLDMAN SACHS GROUP INC | Financials | $1.3M | 0.4% | 1,250 | — | |||
| 61 | $PR | Permian Resources Corp | Energy | $1.2M | 0.4% | 65K | -5% | |||
| 62 | $WHR | WHIRLPOOL CORP /DE/ | Technology | $1.1M | 0.4% | 29K | -47% | |||
| 63 | $DUK | Duke Energy CORP | Utilities | $1.1M | 0.4% | 8,808 | -0.2% | |||
| 64 | $GE | GENERAL ELECTRIC CO | Industrials | $1.1M | 0.4% | 2,957 | +233% | |||
| 65 | $GOOGL | Alphabet Inc. | Technology | $1.1M | 0.4% | 3,078 | New | |||
| 66 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $1.0M | 0.3% | 24K | -2% | |||
| 67 | $PANW | Palo Alto Networks Inc | Technology | $1.0M | 0.3% | 3,010 | -3% | |||
| 68 | $NVO | NOVO NORDISK A S | Healthcare | $1.0M | 0.3% | 21K | New | |||
| 69 | $FDX | FEDEX CORP | Industrials | $974K | 0.3% | 3,110 | — | |||
| 70 | $TSLA | Tesla, Inc. | Consumer Discretionary | $911K | 0.3% | 2,165 | -13% | |||
| 71 | $SCHW | SCHWAB CHARLES CORP | Financials | $909K | 0.3% | 9,852 | +0.0% | |||
| 72 | $MS | MORGAN STANLEY | Financials | $849K | 0.3% | 4,062 | -20% | |||
| 73 | $ABBV | AbbVie Inc. | Healthcare | $822K | 0.3% | 3,265 | -19% | |||
| 74 | $IPGP | IPG PHOTONICS CORP | Technology | $812K | 0.3% | 6,925 | +107% | |||
| 75 | $KO | COCA COLA CO | Consumer Staples | $785K | 0.3% | 9,658 | -3% | |||
| 76 | $HR | Healthcare Realty Trust Inc | Real Estate | $775K | 0.3% | 38K | — | |||
| 77 | $ATO | ATMOS ENERGY CORP | Energy | $769K | 0.3% | 4,465 | +0.1% | |||
| 78 | $TSCO | TRACTOR SUPPLY CO /DE/ | Consumer Discretionary | $767K | 0.3% | 24K | New | |||
| 79 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $749K | 0.3% | 1 | — | |||
| 80 | $TFC | TRUIST FINANCIAL CORP | Financials | $731K | 0.2% | 15K | +0.1% | |||
| 81 | $VST | Vistra Corp. | Utilities | $730K | 0.2% | 4,603 | +8% | |||
| 82 | $PLTR | Palantir Technologies Inc. | Technology | $723K | 0.2% | 6,194 | -11% | |||
| 83 | $ONON | On Holding AG | Consumer Discretionary | $694K | 0.2% | 20K | +5% | |||
| 84 | $SPG | SIMON PROPERTY GROUP INC. | Real Estate | $693K | 0.2% | 3,100 | — | |||
| 85 | $NFLX | NETFLIX INC | Communication Services | $660K | 0.2% | 9,238 | -19% | |||
| 86 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $652K | 0.2% | 1,302 | — | |||
| 87 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $599K | 0.2% | 12K | +21% | |||
| 88 | $RTX | RTX Corp | Industrials | $590K | 0.2% | 3,109 | -6% | |||
| 89 | $AEE | AMEREN CORP | Utilities | $590K | 0.2% | 5,217 | +0.0% | |||
| 90 | $BX | Blackstone Inc. | Financials | $570K | 0.2% | 4,842 | -26% | |||
| 91 | $SAIL | SailPoint, Inc. | Technology | $564K | 0.2% | 39K | New | |||
| 92 | $SO | SOUTHERN CO | Utilities | $543K | 0.2% | 5,675 | -1% | |||
| 93 | $PODD | INSULET CORP | Healthcare | $525K | 0.2% | 3,450 | New | |||
| 94 | $MTDR | Matador Resources Co | Energy | $524K | 0.2% | 11K | +3% | |||
| 95 | $OC | Owens Corning | Materials | $493K | 0.2% | 3,100 | New | |||
| 96 | $HPE | Hewlett Packard Enterprise Co | Technology | $492K | 0.2% | 11K | -56% | |||
| 97 | $TXN | TEXAS INSTRUMENTS INC | Technology | $481K | 0.2% | 1,614 | +0.1% | |||
| 98 | $CFR | CULLEN/FROST BANKERS, INC. | Financials | $460K | 0.1% | 2,978 | -9% | |||
| 99 | $VRT | Vertiv Holdings Co | Technology | $390K | 0.1% | 1,165 | -13% | |||
| 100 | $YOU | Clear Secure, Inc. | Technology | $385K | 0.1% | 6,900 | +4% | |||
| 101 | $ULTA | Ulta Beauty, Inc. | Consumer Discretionary | $361K | 0.1% | 800 | New | |||
| 102 | $CECO | CECO ENVIRONMENTAL CORP | Industrials | $349K | 0.1% | 3,850 | New | |||
| 103 | $URI | UNITED RENTALS, INC. | Industrials | $340K | 0.1% | 300 | — | |||
| 104 | $UAL | United Airlines Holdings, Inc. | Industrials | $326K | 0.1% | 2,400 | New | |||
| 105 | $ETN | Eaton Corp plc | Industrials | $320K | 0.1% | 750 | — | |||
| 106 | $AAL | American Airlines Group Inc. | Industrials | $315K | 0.1% | 17K | New | |||
| 107 | $RIVN | Rivian Automotive, Inc. / DE | Consumer Discretionary | $293K | 0.1% | 17K | New | |||
| 108 | $LMT | LOCKHEED MARTIN CORP | Industrials | $293K | 0.1% | 575 | — | |||
| 109 | $GNRC | GENERAC HOLDINGS INC. | Technology | $293K | 0.1% | 1,000 | -13% | |||
| 110 | $PEP | PEPSICO INC | Consumer Staples | $282K | 0.1% | 2,085 | -2% | |||
| 111 | $OUT | OUTFRONT Media Inc. | Real Estate | $278K | 0.1% | 8,500 | — | |||
| 112 | $CRK | COMSTOCK RESOURCES INC | Energy | $278K | 0.1% | 19K | New | |||
| 113 | $MMM | 3M CO | Healthcare | $277K | 0.1% | 1,712 | -61% | |||
| 114 | $ORCL | ORACLE CORP | Technology | $264K | 0.1% | 1,800 | -14% | |||
| 115 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $263K | 0.1% | 1,175 | -50% | |||
| 116 | $HONA | Honeywell Aerospace Inc. | Industrials | $260K | 0.1% | 1,175 | New | |||
| 117 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $249K | 0.1% | 600 | -29% | |||
| 118 | $COP | CONOCOPHILLIPS | Energy | $239K | 0.1% | 2,298 | -2% | |||
| 119 | $VPG | Vishay Precision Group, Inc. | Technology | $236K | 0.1% | 1,575 | New | |||
| 120 | $CVX | CHEVRON CORP | Energy | $212K | 0.1% | 1,279 | — | |||
| 121 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $201K | 0.1% | 1,000 | New | |||
| 122 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $200K | 0.1% | 1,365 | New | |||
| 123 | $AIOT | Powerfleet, Inc. | Technology | $114K | 0.0% | 30K | -36% | |||
| 124 | $SOPH | SOPHiA GENETICS SA | Technology | $58K | 0.0% | 10K | — | |||
| 125 | $SFIX | Stitch Fix, Inc. | Consumer Discretionary | $41K | 0.0% | 10K | -13% |
What changed in Q2 2026
Against the previous quarter's 13F: 17 new, 37 added to, 58 trimmed, 11 sold out. Share-count changes; largest moves by dollar size first.
New positions (17)
first bought this quarter
$KMBKIMBERLY CLARK CORP$1.3M
first bought this quarter
$NVONOVO NORDISK A S$1.0M
first bought this quarter
$TSCOTRACTOR SUPPLY CO /DE/$767K
first bought this quarter
$SAILSailPoint, Inc.$564K
first bought this quarter
$PODDINSULET CORP$525K
first bought this quarter
+11 more in the Excel export
Added to (37)
$VIKViking Holdings Ltd+92%
now $2.5M · held 2 qtrs, 2 adds in a row
$POWLPOWELL INDUSTRIES INC+117%
now $2.0M · held 5+ qtrs
$TWLOTWILIO INC+250%
now $1.3M · held 2 qtrs, 2 adds in a row
now $10.3M · held 5+ qtrs
$GEGENERAL ELECTRIC CO+233%
now $1.1M · held 5+ qtrs
$LUVSOUTHWEST AIRLINES CO+94%
now $1.6M · held 5+ qtrs, 3 adds in a row
+31 more in the Excel export
Trimmed (58)
now $6.6M · held 5+ qtrs, 2 trims in a row
now $5.2M · held 5+ qtrs, 3 trims in a row
now $25.0M · held 5+ qtrs, 4 trims in a row
$WHRWHIRLPOOL CORP /DE/-47%
now $1.1M · held 5+ qtrs
$DKNGDraftKings Inc.-41%
now $1.4M · held 5+ qtrs, 2 trims in a row
$MTZMASTEC INC-29%
now $2.2M · held 5+ qtrs, 2 trims in a row
+52 more in the Excel export
Holdings by quarter
Every 13F First Dallas Securities Inc. has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow First Dallas Securities?
Q2 2026 13F filed with the SEC on Aug 3, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of First Dallas Securities's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-2.1%
Value-weighted move of the 10 largest stock positions
Turnover
7%
Last quarter; 25% over the last 4
Top 10 weight
46%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
91%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
First Dallas Securities Inc. disclosed 125 positions worth $302.6M in its Form 13F-HR for Q2 2026, led by $NVDA (NVIDIA CORP) at 13.8% of the equity portfolio, followed by $TPL and $AAPL. During the quarter the fund opened 17 new positions and exited 11 — including a new stake in $AIR and a full exit from $IBM. The portfolio is most concentrated in Technology (36.4% of disclosed assets). All figures are sourced directly from First Dallas Securities Inc.’s Form 13F-HR filing with the SEC under CIK 1378559.
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