Concorde Financial Corp
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Concorde Financial Corp reported 37 stock positions worth $110.0 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 13.4% of the portfolio, followed by Texas Pacific Land (TPL, 12.0%) and Abbvie (ABBV, 6.9%). Compared with Q4 2023, it opened 5 new positions, sold out of 4, added to 11 and reduced 20. The biggest buy was Texas Pacific Land (TPL, shares +1%) and the biggest sale Pioneer Natural Resources (PXD, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001911822
- Portfolio Value
- $110.0M (Q1 2024)
- SEC Filing
- 0001420506-24-000938 ↗ filed May 15, 2024
Holdings Value
Holdings 37 stocks · $110.0M
| PHYS Sprott Physical Gold Trust | 13.36% | 848,900 | $14.7M | Reduce -1.4% |
| TPL Texas Pacific Land Corp. | 11.96% | 22,733 | $13.2M | Add +0.5% |
| ABBV Abbvie Inc. | 6.86% | 41,418 | $7.5M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 6.74% | 37,016 | $7.4M | Reduce -4.4% |
| JPST JPMorgan Ultra-Short Income | 6.46% | 140,713 | $7.1M | Reduce -16.3% |
| ET Energy Transfer LP | 6.33% | 442,558 | $7.0M | Add +0.3% |
| BSM Black Stone Minerals LP | 5.53% | 380,256 | $6.1M | Add +5.5% |
| XOM Exxon Mobil Corp. | 5.38% | 50,851 | $5.9M | Reduce -13.7% |
| AMZN Amazon.com Inc. | 4.77% | 29,082 | $5.2M | Add +0.1% |
| CB Chubb Ltd. | 4.06% | 17,168 | $4.5M | Add +0.7% |
| FR First Industrial Realty TR | 3.69% | 76,768 | $4.1M | Add +0.2% |
| CP Canadian Pacific Kansas City | 3.11% | 38,686 | $3.4M | Add +0.1% |
| BG Bunge Global SA | 3.07% | 32,895 | $3.4M | Add +4.2% |
| HHH Howard Hughes Holdings Inc. | 2.91% | 44,134 | $3.2M | Add +6.9% |
| DMLP Dorchester Minerals LP | 2.26% | 73,686 | $2.5M | Add +0.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.90% | 38,474 | $2.1M | New |
| MRNA Moderna Inc. | 1.65% | 17,073 | $1.8M | Reduce -15.2% |
| PXD Pioneer Natural Resources Co. | 1.13% | 4,750 | $1.2M | Reduce -83.2% |
| MSFT Microsoft Corp. | 1.11% | 2,900 | $1.2M | Reduce -82.7% |
| LOW Lowe's Cos Inc. | 0.72% | 3,100 | $790K | Reduce -81.5% |
| JNJ Johnson & Johnson | 0.69% | 4,800 | $759K | Reduce -81.2% |
| MINT PIMCO Enhanced Short Maturit | 0.66% | 7,210 | $725K | Add +12.6% |
| FNV Franco-Nevada Corp. | 0.61% | 5,600 | $667K | Reduce -82.9% |
| HUBB Hubbell Inc. | 0.60% | 1,600 | $664K | Reduce -83.6% |
| LPX Louisiana-Pacific Corp. | 0.58% | 7,600 | $638K | Reduce -86.1% |
| MLM Martin Marietta Materials | 0.56% | 1,000 | $614K | Reduce -85.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.55% | 6,000 | $609K | Reduce -85.8% |
| NOC Northrop Grumman Corp. | 0.52% | 1,200 | $574K | Reduce -82.9% |
| TXN Texas Instruments Inc. | 0.51% | 3,200 | $557K | Reduce -82.8% |
| HSY The Hershey Co. | 0.49% | 2,790 | $543K | Reduce -77.0% |
| XOP SS SPDR S&P Og Exp & Prod | 0.49% | 3,462 | $536K | New |
| WBD Warner Bros Discovery Inc. | 0.48% | 60,250 | $526K | Reduce -76.8% |
| XES SS SPDR S&P Og Eqp & Serv | 0.22% | 2,571 | $239K | New |
| DD Dupont DE Nemours Inc. | 0.02% | 292 | $22K | Reduce -99.1% |
| CTVA Corteva Inc. | 0.02% | 292 | $17K | No change |
| STWD Starwood Property Trust Inc. | 0.01% | 500 | $10K | New |
| EHAB Enhabit Inc. | 0.00% | 90 | $1K | New |
Portfolio Sells Q4 2023 → Q1 2024
| PXD Pioneer Natural Resources Co. | Reduce -83.2% | 1.13% | −3.21 |
| MSFT Microsoft Corp. | Reduce -82.7% | 1.11% | −3.20 |
| TJX TJX Companies Inc. | Reduce -85.8% | 0.55% | −2.16 |
| LPX Louisiana-Pacific Corp. | Reduce -86.1% | 0.58% | −2.08 |
| JNJ Johnson & Johnson | Reduce -81.2% | 0.69% | −2.05 |
| FNV Franco-Nevada Corp. | Reduce -82.9% | 0.61% | −1.88 |
| LOW Lowe's Cos Inc. | Reduce -81.5% | 0.72% | −1.83 |
| NOC Northrop Grumman Corp. | Reduce -82.9% | 0.52% | −1.73 |
| MLM Martin Marietta Materials | Reduce -85.0% | 0.56% | −1.72 |
| DD Dupont DE Nemours Inc. | Reduce -99.1% | 0.02% | −1.68 |
| TXN Texas Instruments Inc. | Reduce -82.8% | 0.51% | −1.66 |
| HUBB Hubbell Inc. | Reduce -83.6% | 0.60% | −1.60 |
| WBD Warner Bros Discovery Inc. | Reduce -76.8% | 0.48% | −1.54 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −1.12 |
| HSY The Hershey Co. | Reduce -77.0% | 0.49% | −1.05 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| PIPR Piper Sandler Cos | Sold out | 0.00% | −0.00 |
| LUMN Lumen Technologies Inc. | Sold out | 0.00% | 0.00 |
| MRNA Moderna Inc. | Reduce -15.2% | 1.65% | +0.28 |
| JPST JPMorgan Ultra-Short Income | Reduce -16.3% | 6.46% | +0.65 |
| XOM Exxon Mobil Corp. | Reduce -13.7% | 5.38% | +1.34 |
| JPM JPMorgan Chase & Co. | Reduce -4.4% | 6.74% | +2.24 |
| ABBV Abbvie Inc. | Reduce -0.2% | 6.86% | +2.46 |
| PHYS Sprott Physical Gold Trust | Reduce -1.4% | 13.36% | +3.97 |
Portfolio Buys Q4 2023 → Q1 2024
| TPL Texas Pacific Land Corp. | Add +0.5% | 11.96% | +3.85 |
| ET Energy Transfer LP | Add +0.3% | 6.33% | +2.16 |
| JEPQ JPM Nasdaq Equity Premium | New | 1.90% | +1.90 |
| AMZN Amazon.com Inc. | Add +0.1% | 4.77% | +1.75 |
| BSM Black Stone Minerals LP | Add +5.5% | 5.53% | +1.59 |
| CB Chubb Ltd. | Add +0.7% | 4.06% | +1.41 |
| CP Canadian Pacific Kansas City | Add +0.1% | 3.11% | +1.01 |
| FR First Industrial Realty TR | Add +0.2% | 3.69% | +0.91 |
| BG Bunge Global SA | Add +4.2% | 3.07% | +0.89 |
| DMLP Dorchester Minerals LP | Add +0.4% | 2.26% | +0.66 |
| HHH Howard Hughes Holdings Inc. | Add +6.9% | 2.91% | +0.50 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.49% | +0.49 |
| MINT PIMCO Enhanced Short Maturit | Add +12.6% | 0.66% | +0.22 |
| XES SS SPDR S&P Og Eqp & Serv | New | 0.22% | +0.22 |
| STWD Starwood Property Trust Inc. | New | 0.01% | +0.01 |
| EHAB Enhabit Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $124.1M | JPM, ET, XOM, JNJ, AMZN |
| Q1 2026 | 26 | $127.3M | XOM, OXY, JPM, ET, EXE |
| Q4 2025 | 27 | $129.0M | JPM, XOM, EXE, ET, ABBV |
| Q3 2025 | 36 | $180.4M | PHYS, TPL, JPM, BSM, EXE |
| Q2 2025 | 55 | $169.1M | PHYS, TPL, JPM, EXE, BSM |
| Q1 2025 | 34 | $181.4M | PHYS, TPL, BSM, EXE, JPM |
| Q4 2024 | 36 | $168.1M | PHYS, TPL, ET, JPM, EXE |
| Q3 2024 | 39 | $169.8M | PHYS, TPL, BSM, XOM, JPM |
| Q2 2024 | 40 | $152.2M | TPL, PHYS, XOM, JPST, ET |
| Q1 2024 | 37 | $110.0M | PHYS, TPL, ABBV, JPM, JPST |