Concorde Financial Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Concorde Financial Corp reported 36 stock positions worth $168.1 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 10.1% of the portfolio, followed by Texas Pacific Land (TPL, 9.4%) and Energy Transfer (ET, 4.5%). Compared with Q3 2024, it sold out of 3, added to 19 and reduced 14. The biggest buy was Expand Energy (EXE, shares +0%) and the biggest sale Bunge Global (BG, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001911822
- Portfolio Value
- $168.1M (Q4 2024)
- SEC Filing
- 0001420506-25-000463 ↗ filed Feb 14, 2025
Holdings Value
Holdings 36 stocks · $168.1M
| PHYS Sprott Physical Gold Trust | 10.07% | 840,560 | $16.9M | Reduce -0.3% |
| TPL Texas Pacific Land Corp. | 9.36% | 14,226 | $15.7M | Reduce -0.9% |
| ET Energy Transfer LP | 4.48% | 384,165 | $7.5M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 4.41% | 30,894 | $7.4M | Reduce -3.1% |
| EXE Expand Energy Corp. | 4.40% | 74,294 | $7.4M | Add +0.1% |
| BSM Black Stone Minerals LP | 4.20% | 483,209 | $7.1M | Add +0.5% |
| AMZN Amazon.com Inc. | 3.84% | 29,444 | $6.5M | Add +0.3% |
| MSFT Microsoft Corp. | 3.80% | 15,145 | $6.4M | Add +0.2% |
| XOM Exxon Mobil Corp. | 3.73% | 58,303 | $6.3M | Add +0.6% |
| ABBV Abbvie Inc. | 3.48% | 32,897 | $5.8M | Add +0.4% |
| JPST JPMorgan Ultra-Short Income | 3.36% | 111,655 | $5.6M | Reduce -7.2% |
| OXY Occidental Petroleum Corp. | 3.22% | 108,897 | $5.4M | Reduce -1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.06% | 42,561 | $5.1M | Add +0.5% |
| CB Chubb Ltd. | 2.95% | 17,863 | $5.0M | Add +0.4% |
| FANG Diamondback Energy Inc. | 2.70% | 27,682 | $4.5M | Reduce -0.1% |
| FNV Franco-Nevada Corp. | 2.64% | 37,667 | $4.4M | Reduce -0.3% |
| JNJ Johnson & Johnson | 2.51% | 29,222 | $4.2M | Add +0.3% |
| HHH Howard Hughes Holdings Inc. | 2.48% | 54,076 | $4.2M | Add +0.2% |
| FR First Industrial Realty TR | 2.27% | 75,479 | $3.8M | Add +0.9% |
| HUBB Hubbell Inc. | 2.16% | 8,685 | $3.6M | Reduce -3.0% |
| LPX Louisiana-Pacific Corp. | 2.13% | 34,540 | $3.6M | Add +1.1% |
| TXN Texas Instruments Inc. | 2.10% | 18,824 | $3.5M | Add +2.6% |
| LOW Lowe's Cos Inc. | 2.02% | 13,774 | $3.4M | Add +0.7% |
| WBD Warner Bros Discovery Inc. | 2.01% | 320,238 | $3.4M | Reduce -6.7% |
| NOC Northrop Grumman Corp. | 2.00% | 7,166 | $3.4M | Add +0.3% |
| MLM Martin Marietta Materials | 1.84% | 5,980 | $3.1M | Reduce -11.0% |
| CP Canadian Pacific Kansas City | 1.70% | 39,323 | $2.9M | Add +0.8% |
| HSY The Hershey Co. | 1.67% | 16,536 | $2.8M | Add +8.6% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.48% | 43,713 | $2.5M | Add +1.0% |
| EMN Eastman Chemical Co. | 1.19% | 21,816 | $2.0M | Add +1.7% |
| DMLP Dorchester Minerals LP | 0.98% | 49,241 | $1.6M | Reduce -0.4% |
| BG Bunge Global SA | 0.72% | 15,466 | $1.2M | Reduce -46.1% |
| MINT PIMCO Enhanced Short Maturit | 0.43% | 7,208 | $726K | Reduce -0.0% |
| XOP SS SPDR S&P Og Exp & Prod | 0.27% | 3,462 | $458K | No change |
| VOO Vanguard S&P 500 ETF | 0.24% | 749 | $404K | No change |
| XES SS SPDR S&P Og Eqp & Serv | 0.12% | 2,571 | $203K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| BG Bunge Global SA | Reduce -46.1% | 0.72% | −0.92 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.69 |
| MLM Martin Marietta Materials | Reduce -11.0% | 1.84% | −0.29 |
| JPST JPMorgan Ultra-Short Income | Reduce -7.2% | 3.36% | −0.23 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.20 |
| OXY Occidental Petroleum Corp. | Reduce -1.7% | 3.22% | −0.16 |
| FNV Franco-Nevada Corp. | Reduce -0.3% | 2.64% | −0.13 |
| FANG Diamondback Energy Inc. | Reduce -0.1% | 2.70% | −0.11 |
| HUBB Hubbell Inc. | Reduce -3.0% | 2.16% | −0.09 |
| PHYS Sprott Physical Gold Trust | Reduce -0.3% | 10.07% | −0.04 |
| GRDI Griid Infrastructure Inc. | Sold out | 0.00% | −0.00 |
| MINT PIMCO Enhanced Short Maturit | Reduce -0.0% | 0.43% | +0.00 |
| DMLP Dorchester Minerals LP | Reduce -0.4% | 0.98% | +0.10 |
| WBD Warner Bros Discovery Inc. | Reduce -6.7% | 2.01% | +0.35 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 4.41% | +0.45 |
| ET Energy Transfer LP | Reduce -0.6% | 4.48% | +0.83 |
| TPL Texas Pacific Land Corp. | Reduce -0.9% | 9.36% | +1.89 |
Portfolio Buys Q3 2024 → Q4 2024
| EXE Expand Energy Corp. | Add +0.1% | 4.40% | +0.80 |
| AMZN Amazon.com Inc. | Add +0.3% | 3.84% | +0.62 |
| TJX TJX Companies Inc. | Add +0.5% | 3.06% | +0.13 |
| JEPQ JPM Nasdaq Equity Premium | Add +1.0% | 1.48% | +0.08 |
| HHH Howard Hughes Holdings Inc. | Add +0.2% | 2.48% | +0.02 |
| MSFT Microsoft Corp. | Add +0.2% | 3.80% | −0.03 |
| LPX Louisiana-Pacific Corp. | Add +1.1% | 2.13% | −0.03 |
| HSY The Hershey Co. | Add +8.6% | 1.67% | −0.05 |
| BSM Black Stone Minerals LP | Add +0.5% | 4.20% | −0.08 |
| CB Chubb Ltd. | Add +0.4% | 2.95% | −0.08 |
| TXN Texas Instruments Inc. | Add +2.6% | 2.10% | −0.13 |
| LOW Lowe's Cos Inc. | Add +0.7% | 2.02% | −0.16 |
| FR First Industrial Realty TR | Add +0.9% | 2.27% | −0.21 |
| NOC Northrop Grumman Corp. | Add +0.3% | 2.00% | −0.22 |
| EMN Eastman Chemical Co. | Add +1.7% | 1.19% | −0.24 |
| JNJ Johnson & Johnson | Add +0.3% | 2.51% | −0.27 |
| XOM Exxon Mobil Corp. | Add +0.6% | 3.73% | −0.27 |
| CP Canadian Pacific Kansas City | Add +0.8% | 1.70% | −0.27 |
| ABBV Abbvie Inc. | Add +0.4% | 3.48% | −0.33 |
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 |