Concorde Financial Corp
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Concorde Financial Corp reported 39 stock positions worth $169.8 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 10.1% of the portfolio, followed by Texas Pacific Land (TPL, 7.5%) and Black Stone Minerals (BSM, 4.3%). Compared with Q2 2024, it opened 6 new positions, sold out of 7, added to 17 and reduced 13. The biggest buy was a new position in Occidental Petroleum (OXY) and the biggest sale Texas Pacific Land (TPL, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001911822
- Portfolio Value
- $169.8M (Q3 2024)
- SEC Filing
- 0001420506-24-002474 ↗ filed Nov 14, 2024
Holdings Value
Holdings 39 stocks · $169.8M
| PHYS Sprott Physical Gold Trust | 10.12% | 842,930 | $17.2M | Reduce -0.2% |
| TPL Texas Pacific Land Corp. | 7.48% | 14,351 | $12.7M | Reduce -36.8% |
| BSM Black Stone Minerals LP | 4.28% | 481,007 | $7.3M | Add +24.5% |
| XOM Exxon Mobil Corp. | 4.00% | 57,965 | $6.8M | Reduce -36.2% |
| JPM JPMorgan Chase & Co. | 3.96% | 31,880 | $6.7M | Add +6.9% |
| MSFT Microsoft Corp. | 3.83% | 15,113 | $6.5M | Reduce -0.8% |
| ABBV Abbvie Inc. | 3.81% | 32,773 | $6.5M | Reduce -1.3% |
| ET Energy Transfer LP | 3.65% | 386,506 | $6.2M | Reduce -12.6% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 3.60% | 74,256 | $6.1M | Add +219.0% |
| JPST JPMorgan Ultra-Short Income | 3.60% | 120,324 | $6.1M | Reduce -15.9% |
| OXY Occidental Petroleum Corp. | 3.38% | 110,771 | $5.7M | New |
| AMZN Amazon.com Inc. | 3.22% | 29,353 | $5.5M | Add +0.8% |
| CB Chubb Ltd. | 3.03% | 17,789 | $5.1M | Add +1.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.93% | 42,341 | $5.0M | Add +1.3% |
| FANG Diamondback Energy Inc. | 2.81% | 27,713 | $4.8M | New |
| JNJ Johnson & Johnson | 2.78% | 29,129 | $4.7M | Add +10.1% |
| FNV Franco-Nevada Corp. | 2.76% | 37,774 | $4.7M | Add +2.0% |
| FR First Industrial Realty TR | 2.48% | 74,778 | $4.2M | Add +5.6% |
| HHH Howard Hughes Holdings Inc. | 2.46% | 53,946 | $4.2M | Add +18.0% |
| HUBB Hubbell Inc. | 2.26% | 8,955 | $3.8M | Add +2.3% |
| TXN Texas Instruments Inc. | 2.23% | 18,352 | $3.8M | Reduce -2.0% |
| NOC Northrop Grumman Corp. | 2.22% | 7,146 | $3.8M | Add +0.8% |
| LOW Lowe's Cos Inc. | 2.18% | 13,682 | $3.7M | Add +1.6% |
| LPX Louisiana-Pacific Corp. | 2.16% | 34,176 | $3.7M | Reduce -19.2% |
| MLM Martin Marietta Materials | 2.13% | 6,722 | $3.6M | Add +1.9% |
| CP Canadian Pacific Kansas City | 1.97% | 39,005 | $3.3M | Reduce -0.5% |
| HSY The Hershey Co. | 1.72% | 15,228 | $2.9M | Reduce -2.6% |
| WBD Warner Bros Discovery Inc. | 1.67% | 343,215 | $2.8M | Add +23.0% |
| BG Bunge Global SA | 1.63% | 28,702 | $2.8M | Reduce -13.4% |
| EMN Eastman Chemical Co. | 1.42% | 21,442 | $2.4M | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.40% | 43,278 | $2.4M | Add +7.8% |
| DMLP Dorchester Minerals LP | 0.88% | 49,441 | $1.5M | Reduce -32.8% |
| MRNA Moderna Inc. | 0.69% | 17,648 | $1.2M | Add +2.6% |
| MINT PIMCO Enhanced Short Maturit | 0.43% | 7,210 | $726K | No change |
| XOP SS SPDR S&P Og Exp & Prod | 0.27% | 3,462 | $455K | No change |
| VOO Vanguard S&P 500 ETF | 0.23% | 749 | $396K | New |
| OVV Ovintiv Inc. | 0.20% | 8,929 | $342K | New |
| XES SS SPDR S&P Og Eqp & Serv | 0.12% | 2,571 | $208K | No change |
| GRDI Griid Infrastructure Inc. | 0.00% | 10,266 | $8K | New |
Portfolio Sells Q2 2024 → Q3 2024
| TPL Texas Pacific Land Corp. | Reduce -36.8% | 7.48% | −3.47 |
| XOM Exxon Mobil Corp. | Reduce -36.2% | 4.00% | −2.87 |
| JPST JPMorgan Ultra-Short Income | Reduce -15.9% | 3.60% | −1.15 |
| ET Energy Transfer LP | Reduce -12.6% | 3.65% | −1.06 |
| BG Bunge Global SA | Reduce -13.4% | 1.63% | −0.69 |
| MSFT Microsoft Corp. | Reduce -0.8% | 3.83% | −0.64 |
| DMLP Dorchester Minerals LP | Reduce -32.8% | 0.88% | −0.61 |
| HSY The Hershey Co. | Reduce -2.6% | 1.72% | −0.17 |
| TXN Texas Instruments Inc. | Reduce -2.0% | 2.23% | −0.16 |
| LPX Louisiana-Pacific Corp. | Reduce -19.2% | 2.16% | −0.13 |
| CP Canadian Pacific Kansas City | Reduce -0.5% | 1.97% | −0.06 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.02 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.02 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.01 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.01 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.01 |
| EHAB Enhabit Inc. | Sold out | 0.00% | −0.00 |
| ABBV Abbvie Inc. | Reduce -1.3% | 3.81% | +0.07 |
| PHYS Sprott Physical Gold Trust | Reduce -0.2% | 10.12% | +0.09 |
Portfolio Buys Q2 2024 → Q3 2024
| OXY Occidental Petroleum Corp. | New | 3.38% | +3.38 |
| FANG Diamondback Energy Inc. | New | 2.81% | +2.81 |
| EXE Expand Energy Corp. | Add +219.0% | 3.60% | +2.34 |
| EMN Eastman Chemical Co. | New | 1.42% | +1.42 |
| HHH Howard Hughes Holdings Inc. | Add +18.0% | 2.46% | +0.51 |
| WBD Warner Bros Discovery Inc. | Add +23.0% | 1.67% | +0.30 |
| BSM Black Stone Minerals LP | Add +24.5% | 4.28% | +0.30 |
| FR First Industrial Realty TR | Add +5.6% | 2.48% | +0.25 |
| JNJ Johnson & Johnson | Add +10.1% | 2.78% | +0.24 |
| VOO Vanguard S&P 500 ETF | New | 0.23% | +0.23 |
| LOW Lowe's Cos Inc. | Add +1.6% | 2.18% | +0.23 |
| OVV Ovintiv Inc. | New | 0.20% | +0.20 |
| NOC Northrop Grumman Corp. | Add +0.8% | 2.22% | +0.19 |
| HUBB Hubbell Inc. | Add +2.3% | 2.26% | +0.16 |
| CB Chubb Ltd. | Add +1.5% | 3.03% | +0.08 |
| GRDI Griid Infrastructure Inc. | New | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +6.9% | 3.96% | −0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +7.8% | 1.40% | −0.06 |
| TJX TJX Companies Inc. | Add +1.3% | 2.93% | −0.09 |
| FNV Franco-Nevada Corp. | Add +2.0% | 2.76% | −0.12 |
| MLM Martin Marietta Materials | Add +1.9% | 2.13% | −0.22 |
| AMZN Amazon.com Inc. | Add +0.8% | 3.22% | −0.48 |
| MRNA Moderna Inc. | Add +2.6% | 0.69% | −0.65 |
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 |