First Dallas Securities Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 3, 2026), First Dallas Securities Inc. reported 125 stock positions worth $302.6 million. Its top holding was Nvidia (NVDA) at 13.8% of the portfolio, followed by Texas Pacific Land (TPL, 8.3%) and Apple (AAPL, 6.4%). Compared with Q1 2026, it opened 17 new positions, sold out of 11, added to 36 and reduced 58. The biggest buy was a new position in Aar (AIR) and the biggest sale Texas Pacific Land (TPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001378559
- Portfolio Value
- $302.6M (Q2 2026)
- SEC Filing
- 0001378559-26-000005 ↗ filed Aug 3, 2026
Holdings Value
Holdings 125 stocks · $302.6M
| NVDA Nvidia Corp. | 13.79% | 208,547 | $41.7M | Add +0.9% |
| TPL Texas Pacific Land Corp. | 8.26% | 57,135 | $25.0M | Reduce -4.1% |
| AAPL Apple Inc. | 6.44% | 67,352 | $19.5M | Add +0.3% |
| AMZN Amazon.com Inc. | 3.40% | 43,126 | $10.3M | Add +8.6% |
| CAT Caterpillar Inc. | 2.85% | 8,087 | $8.6M | Reduce -6.5% |
| FCX Freeport-McMoran Inc. | 2.54% | 122,137 | $7.7M | Reduce -2.0% |
| BA The Boeing Co. | 2.34% | 32,657 | $7.1M | Add +0.7% |
| MU Micron Technology Inc. | 2.17% | 5,695 | $6.6M | Reduce -28.3% |
| XOM Exxon Mobil Corp. | 1.97% | 43,692 | $6.0M | Reduce -1.6% |
| OKE Oneok Inc. | 1.90% | 66,126 | $5.7M | Reduce -7.7% |
| UBER Uber Technologies Inc. | 1.76% | 73,705 | $5.3M | Reduce -4.5% |
| LLY Eli Lilly & Co. | 1.73% | 4,359 | $5.2M | Reduce -19.2% |
| SN Sharkninja Inc. | 1.72% | 34,135 | $5.2M | Reduce -3.7% |
| RHP Ryman Hospitality Properties | 1.57% | 37,068 | $4.8M | Add +3.2% |
| META Meta Platforms Inc. Class A | 1.47% | 7,893 | $4.4M | Reduce -3.0% |
| HD Home Depot Inc. | 1.44% | 12,340 | $4.4M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 1.43% | 13,219 | $4.3M | Add +0.0% |
| JNJ Johnson & Johnson | 1.34% | 15,944 | $4.0M | Reduce -3.8% |
| C Citigroup Inc. | 1.33% | 28,690 | $4.0M | Reduce -4.5% |
| AIR Aar Corp. | 1.24% | 26,305 | $3.8M | New |
| EXP Eagle Materials Inc. | 1.20% | 16,100 | $3.6M | Reduce -2.1% |
| WULF Terawulf Inc. | 1.14% | 139,750 | $3.5M | Reduce -9.1% |
| MSFT Microsoft Corp. | 1.12% | 9,100 | $3.4M | Reduce -14.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.12% | 7,079 | $3.4M | Reduce -2.7% |
| MRP Millrose Properties | 1.10% | 110,600 | $3.3M | Add +1.6% |
| UPS United Parcel Service Class B | 1.06% | 29,915 | $3.2M | Add +0.3% |
| AMAT Applied Materials Inc. | 1.02% | 4,275 | $3.1M | Add +2.4% |
| WMT Walmart Inc. | 1.02% | 27,254 | $3.1M | Reduce -2.4% |
| EXE Expand Energy Corp. | 1.01% | 33,574 | $3.1M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 0.89% | 7,620 | $2.7M | Add +2.8% |
| VIK Viking Holdings Ltd. | 0.83% | 23,850 | $2.5M | Add +91.6% |
| FVR Frontview REIT Inc. | 0.77% | 114,700 | $2.3M | Add +19.5% |
| FWRG First Watch Restaurant Group | 0.76% | 177,250 | $2.3M | Add +6.3% |
| COST Costco Wholesale Corp. | 0.75% | 2,434 | $2.3M | Reduce -4.8% |
| MTZ Mastec Inc. | 0.73% | 5,310 | $2.2M | Reduce -29.2% |
| CSWC Capital Southwest Corp. | 0.71% | 90,468 | $2.2M | Add +0.9% |
| AVGO Broadcom Inc. | 0.67% | 5,355 | $2.0M | Add +13.1% |
| POWL Powell Industries Inc. | 0.65% | 6,850 | $2.0M | Reduce -27.5% |
| XEL Xcel Energy Inc. | 0.62% | 23,245 | $1.9M | Add +0.0% |
| CLF Cleveland-Cliffs Inc. | 0.59% | 189,500 | $1.8M | Reduce -21.4% |
| BAC Bank of America Corp. | 0.57% | 30,492 | $1.7M | Reduce -11.1% |
| CRS Carpenter Technology | 0.54% | 2,660 | $1.6M | Reduce -12.8% |
| ETD Ethan Allen Interiors Inc. | 0.53% | 71,681 | $1.6M | Add +20.4% |
| LUV Southwest Airlines Co. | 0.53% | 30,975 | $1.6M | Add +93.9% |
| T AT&T Inc. | 0.51% | 74,410 | $1.5M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 0.51% | 11,944 | $1.5M | Add +11.3% |
| AXP American Express Co. | 0.50% | 4,441 | $1.5M | Add +0.0% |
| KEX Kirby Corp. | 0.49% | 11,015 | $1.5M | Reduce -14.1% |
| WFC Wells Fargo & Co. | 0.49% | 18,093 | $1.5M | Reduce -9.5% |
| AMGN Amgen Inc. | 0.49% | 4,064 | $1.5M | Reduce -2.1% |
| AEP American Electric Power | 0.48% | 10,645 | $1.5M | Reduce -3.0% |
| DKNG Draftkings Inc. Class A | 0.47% | 56,840 | $1.4M | Reduce -41.1% |
| CMC Commercial Metals Co. | 0.46% | 22,215 | $1.4M | Reduce -1.1% |
| DELL Dell Technologies -C | 0.45% | 3,159 | $1.4M | Reduce -9.2% |
| BANC Banc of California Inc. | 0.44% | 64,725 | $1.3M | Reduce -8.2% |
| TWLO Twilio Inc. Class A | 0.43% | 6,300 | $1.3M | Add +250.0% |
| GEO The Geo Group Inc. | 0.43% | 43,920 | $1.3M | Reduce -36.0% |
| KMB Kimberly-Clark Corp. | 0.42% | 11,600 | $1.3M | New |
| MTN Vail Resorts Inc. | 0.42% | 9,325 | $1.3M | Add +44.6% |
| GS Goldman Sachs Group Inc. | 0.42% | 1,250 | $1.3M | No change |
| PR Permian Resources Corp. Class A | 0.39% | 64,750 | $1.2M | Reduce -4.7% |
| WHR Whirlpool Corp. | 0.38% | 29,157 | $1.1M | Reduce -47.1% |
| DUK Duke Energy Corp. | 0.37% | 8,808 | $1.1M | Reduce -0.2% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 2,957 | $1.1M | Add +233.4% |
| GOOGL Alphabet Inc. Class A | 0.36% | 3,078 | $1.1M | New |
| VZ Verizon Communications Inc. | 0.34% | 24,315 | $1.0M | Reduce -2.0% |
| PANW Palo Alto Networks Inc. | 0.34% | 3,010 | $1.0M | Reduce -3.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.33% | 20,967 | $1.0M | New |
| FDX FedEx Corp. | 0.32% | 3,110 | $974K | No change |
| TSLA Tesla Inc. | 0.30% | 2,165 | $911K | Reduce -12.9% |
| SCHW Schwab (charles) Corp. | 0.30% | 9,852 | $909K | Add +0.0% |
| MS Morgan Stanley | 0.28% | 4,062 | $849K | Reduce -19.8% |
| ABBV Abbvie Inc. | 0.27% | 3,265 | $822K | Reduce -18.9% |
| IPGP Ipg Photonics Corp. | 0.27% | 6,925 | $812K | Add +107.3% |
| KO The Coca-Cola Co. | 0.26% | 9,658 | $785K | Reduce -2.5% |
| HR Healthcare Realty Trust Inc. | 0.26% | 38,405 | $775K | No change |
| ATO Atmos Energy Corp. | 0.25% | 4,465 | $769K | Add +0.1% |
| TSCO Tractor Supply Company | 0.25% | 24,250 | $767K | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 1 | $749K | No change |
| TFC Truist Financial Corp. | 0.24% | 14,671 | $731K | Add +0.1% |
| VST Vistra Corp. | 0.24% | 4,603 | $730K | Add +7.8% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 6,194 | $723K | Reduce -11.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.23% | 19,600 | $694K | Add +5.4% |
| SPG Simon Property Group Inc. | 0.23% | 3,100 | $693K | No change |
| NFLX Netflix Inc. | 0.22% | 9,238 | $660K | Reduce -19.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 1,302 | $652K | No change |
| GIL Gildan Activewear Inc. | 0.20% | 11,600 | $599K | Add +20.8% |
| RTX RTX Corp. | 0.20% | 3,109 | $590K | Reduce -6.0% |
| AEE Ameren Corporation | 0.19% | 5,217 | $590K | Add +0.0% |
| BX Blackstone Inc. | 0.19% | 4,842 | $570K | Reduce -25.6% |
| SAIL Sailpoint Inc. | 0.19% | 38,550 | $564K | New |
| SO The Southern Co. | 0.18% | 5,675 | $543K | Reduce -1.1% |
| PODD Insulet Corp. | 0.17% | 3,450 | $525K | New |
| MTDR Matador Resources Co. | 0.17% | 10,525 | $524K | Add +2.5% |
| OC Owens Corning | 0.16% | 3,100 | $493K | New |
| HPE Hewlett Packard Enterprise | 0.16% | 10,908 | $492K | Reduce -56.2% |
| TXN Texas Instruments Inc. | 0.16% | 1,614 | $481K | Add +0.1% |
| CFR Cullen/Frost Bankers Inc. | 0.15% | 2,978 | $460K | Reduce -9.2% |
| VRT Vertiv Holdings Co. Class A | 0.13% | 1,165 | $390K | Reduce -13.1% |
| YOU Clear Secure Inc. Class A | 0.13% | 6,900 | $385K | Add +3.8% |
Portfolio Sells Q1 2026 → Q2 2026
| TPL Texas Pacific Land Corp. | Reduce -4.1% | 8.26% | −2.19 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 1.97% | −0.81 |
| WHR Whirlpool Corp. | Reduce -47.1% | 0.38% | −0.72 |
| OKE Oneok Inc. | Reduce -7.7% | 1.90% | −0.49 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.48 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.39 |
| MSFT Microsoft Corp. | Reduce -14.7% | 1.12% | −0.34 |
| T AT&T Inc. | Reduce -1.4% | 0.51% | −0.30 |
| DKNG Draftkings Inc. Class A | Reduce -41.1% | 0.47% | −0.30 |
| UBER Uber Technologies Inc. | Reduce -4.5% | 1.76% | −0.30 |
| WMT Walmart Inc. | Reduce -2.4% | 1.02% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -3.0% | 1.47% | −0.25 |
| CXW Corecivic Inc. | Sold out | 0.00% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -4.8% | 0.75% | −0.19 |
| NFLX Netflix Inc. | Reduce -19.2% | 0.22% | −0.19 |
| FCX Freeport-McMoran Inc. | Reduce -2.0% | 2.54% | −0.17 |
| CLF Cleveland-Cliffs Inc. | Reduce -21.4% | 0.59% | −0.17 |
| MTZ Mastec Inc. | Reduce -29.2% | 0.73% | −0.16 |
| JNJ Johnson & Johnson | Reduce -3.8% | 1.34% | −0.16 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.16 |
| RH RH | Sold out | 0.00% | −0.15 |
| MMM 3M Co. | Reduce -61.2% | 0.09% | −0.15 |
| PR Permian Resources Corp. Class A | Reduce -4.7% | 0.39% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -11.4% | 0.24% | −0.14 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.14 |
| KEX Kirby Corp. | Reduce -14.1% | 0.49% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -2.0% | 0.34% | −0.12 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -19.2% | 1.73% | −0.11 |
| NVGS Navigator Holdings Ltd. | Sold out | 0.00% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -9.5% | 0.49% | −0.09 |
| BX Blackstone Inc. | Reduce -25.6% | 0.19% | −0.09 |
| ONDS Ondas Inc. | Sold out | 0.00% | −0.08 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.08 |
| GENI Genius Sports Ltd. | Sold out | 0.00% | −0.07 |
| DUK Duke Energy Corp. | Reduce -0.2% | 0.37% | −0.06 |
| HPE Hewlett Packard Enterprise | Reduce -56.2% | 0.16% | −0.06 |
| AMGN Amgen Inc. | Reduce -2.1% | 0.49% | −0.05 |
| ABBV Abbvie Inc. | Reduce -18.9% | 0.27% | −0.05 |
| AEP American Electric Power | Reduce -3.0% | 0.48% | −0.05 |
| CMC Commercial Metals Co. | Reduce -1.1% | 0.46% | −0.05 |
| BAC Bank of America Corp. | Reduce -11.1% | 0.57% | −0.04 |
| RTX RTX Corp. | Reduce -6.0% | 0.20% | −0.04 |
| TSLA Tesla Inc. | Reduce -12.9% | 0.30% | −0.04 |
| COP Conocophillips | Reduce -2.1% | 0.08% | −0.04 |
| PEP Pepsico Inc. | Reduce -2.3% | 0.09% | −0.03 |
| MS Morgan Stanley | Reduce -19.8% | 0.28% | −0.03 |
| ORCL Oracle Corp. | Reduce -14.3% | 0.09% | −0.03 |
| SO The Southern Co. | Reduce -1.1% | 0.18% | −0.03 |
| BANC Banc of California Inc. | Reduce -8.2% | 0.44% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| AIR Aar Corp. | New | 1.24% | +1.24 |
| AMAT Applied Materials Inc. | Add +2.4% | 1.02% | +0.49 |
| VIK Viking Holdings Ltd. | Add +91.6% | 0.83% | +0.49 |
| NVDA Nvidia Corp. | Add +0.9% | 13.79% | +0.46 |
| KMB Kimberly-Clark Corp. | New | 0.42% | +0.42 |
| GOOGL Alphabet Inc. Class A | New | 0.36% | +0.36 |
| RHP Ryman Hospitality Properties | Add +3.2% | 1.57% | +0.35 |
| TWLO Twilio Inc. Class A | Add +250.0% | 0.43% | +0.35 |
| AMZN Amazon.com Inc. | Add +8.6% | 3.40% | +0.34 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.33% | +0.33 |
| LUV Southwest Airlines Co. | Add +93.9% | 0.53% | +0.30 |
| GE General Electric | Add +233.4% | 0.37% | +0.27 |
| TSCO Tractor Supply Company | New | 0.25% | +0.25 |
| FVR Frontview REIT Inc. | Add +19.5% | 0.77% | +0.22 |
| SAIL Sailpoint Inc. | New | 0.19% | +0.19 |
| PODD Insulet Corp. | New | 0.17% | +0.17 |
| OC Owens Corning | New | 0.16% | +0.16 |
| AAPL Apple Inc. | Add +0.3% | 6.44% | +0.13 |
| IPGP Ipg Photonics Corp. | Add +107.3% | 0.27% | +0.13 |
| AVGO Broadcom Inc. | Add +13.1% | 0.67% | +0.13 |
| ULTA Ulta Beauty Inc. | New | 0.12% | +0.12 |
| CECO Ceco Environmental Corp. | New | 0.12% | +0.12 |
| MTN Vail Resorts Inc. | Add +44.6% | 0.42% | +0.11 |
| FWRG First Watch Restaurant Group | Add +6.3% | 0.76% | +0.11 |
| UAL United Airlines Holdings Inc. | New | 0.11% | +0.11 |
| AAL American Airlines Group Inc. | New | 0.10% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +2.8% | 0.89% | +0.10 |
| RIVN Rivian Automotive Inc. Class A | New | 0.10% | +0.10 |
| CRK Comstock Resources Inc. | New | 0.09% | +0.09 |
| VPG Vishay Precision Group | New | 0.08% | +0.08 |
| COF Capital One Financial Corp. | New | 0.07% | +0.07 |
| PG The Procter & Gamble Co. | New | 0.07% | +0.07 |
| TXN Texas Instruments Inc. | Add +0.1% | 0.16% | +0.04 |
| ETD Ethan Allen Interiors Inc. | Add +20.4% | 0.53% | +0.04 |
| MRK Merck & Co. Inc. | Add +11.3% | 0.51% | +0.03 |
| YOU Clear Secure Inc. Class A | Add +3.8% | 0.13% | +0.01 |
| VST Vistra Corp. | Add +7.8% | 0.24% | +0.00 |
| GIL Gildan Activewear Inc. | Add +20.8% | 0.20% | +0.00 |
| AXP American Express Co. | Add +0.0% | 0.50% | −0.00 |
| ONON On Holding AG Class A | Add +5.4% | 0.23% | −0.00 |
| TFC Truist Financial Corp. | Add +0.1% | 0.24% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 1.43% | −0.01 |
| AEE Ameren Corporation | Add +0.0% | 0.19% | −0.02 |
| HD Home Depot Inc. | Add +2.9% | 1.44% | −0.02 |
| UPS United Parcel Service Class B | Add +0.3% | 1.06% | −0.02 |
| CSWC Capital Southwest Corp. | Add +0.9% | 0.71% | −0.02 |
| MRP Millrose Properties | Add +1.6% | 1.10% | −0.03 |
| SCHW Schwab (charles) Corp. | Add +0.0% | 0.30% | −0.04 |
| ATO Atmos Energy Corp. | Add +0.1% | 0.25% | −0.05 |
| BA The Boeing Co. | Add +0.7% | 2.34% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 125 | $302.6M | NVDA, TPL, AAPL, AMZN, CAT |
| Q1 2026 | 118 | $270.3M | NVDA, TPL, AAPL, AMZN, XOM |
| Q4 2025 | 107 | $268.8M | NVDA, TPL, AAPL, AMZN, MSFT |
| Q3 2025 | 113 | $266.9M | NVDA, TPL, AAPL, AMZN, MSFT |
| Q2 2025 | 123 | $253.0M | NVDA, TPL, AAPL, AMZN, MSFT |
| Q1 2025 | 112 | $239.3M | TPL, NVDA, AAPL, OKE, AMZN |
| Q4 2024 | 112 | $245.4M | TPL, NVDA, AAPL, MSFT, AMZN |
| Q3 2024 | 119 | $239.3M | NVDA, TPL, AAPL, MSFT, XOM |
| Q2 2024 | 117 | $227.8M | NVDA, TPL, AAPL, MSFT, XOM |
| Q1 2024 | 118 | $217.4M | TPL, AAPL, NVDA, WIRE, XOM |