First Dallas Securities Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), First Dallas Securities Inc. reported 117 stock positions worth $227.8 million. Its top holding was Nvidia (NVDA) at 11.2% of the portfolio, followed by Texas Pacific Land (TPL, 9.2%) and Apple (AAPL, 6.6%). Compared with Q1 2024, it opened 9 new positions, sold out of 10, added to 60 and reduced 35. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale an exit from Encore Wire (WIRE).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001378559
- Portfolio Value
- $227.8M (Q2 2024)
- SEC Filing
- 0001378559-24-000003 ↗ filed Aug 2, 2024
Holdings Value
Holdings 117 stocks · $227.8M
| NVDA Nvidia Corp. | 11.20% | 206,634 | $25.5M | Add +16.3% |
| TPL Texas Pacific Land Corp. | 9.20% | 28,544 | $21.0M | Reduce -1.4% |
| AAPL Apple Inc. | 6.59% | 71,340 | $15.0M | Reduce -25.0% |
| MSFT Microsoft Corp. | 4.01% | 20,433 | $9.1M | Add +25.9% |
| XOM Exxon Mobil Corp. | 3.16% | 62,593 | $7.2M | Add +4.2% |
| UBER Uber Technologies Inc. | 2.58% | 80,850 | $5.9M | Reduce -6.7% |
| OKE Oneok Inc. | 2.35% | 65,565 | $5.3M | Add +0.5% |
| FCX Freeport-McMoran Inc. | 2.25% | 105,334 | $5.1M | Add +10.7% |
| AMZN Amazon.com Inc. | 2.13% | 25,098 | $4.9M | Add +18.1% |
| META Meta Platforms Inc. Class A | 1.85% | 8,373 | $4.2M | Add +1.1% |
| EXP Eagle Materials Inc. | 1.83% | 19,207 | $4.2M | Add +53.3% |
| LLY Eli Lilly & Co. | 1.63% | 4,103 | $3.7M | Reduce -2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.52% | 20,041 | $3.5M | Add +128.9% |
| CAT Caterpillar Inc. | 1.47% | 10,046 | $3.3M | Reduce -1.5% |
| ABBV Abbvie Inc. | 1.40% | 18,580 | $3.2M | Reduce -1.6% |
| GNRC Generac Holdings Inc. | 1.39% | 24,025 | $3.2M | New |
| ETD Ethan Allen Interiors Inc. | 1.39% | 113,228 | $3.2M | Add +54.0% |
| BA The Boeing Co. | 1.38% | 17,226 | $3.1M | Add +1.8% |
| HD Home Depot Inc. | 1.32% | 8,718 | $3.0M | Add +1.3% |
| VST Vistra Corp. | 1.31% | 34,759 | $3.0M | Reduce -8.1% |
| JPM JPMorgan Chase & Co. | 1.31% | 14,741 | $3.0M | Add +0.5% |
| AMGN Amgen Inc. | 1.30% | 9,449 | $3.0M | Reduce -16.0% |
| ET Energy Transfer LP | 1.29% | 181,793 | $2.9M | Add +1.4% |
| DKNG Draftkings Inc. Class A | 1.29% | 76,800 | $2.9M | Add +64.1% |
| COST Costco Wholesale Corp. | 1.23% | 3,288 | $2.8M | Add +2.4% |
| MRK Merck & Co. Inc. | 1.21% | 22,327 | $2.8M | Add +8.6% |
| CLF Cleveland-Cliffs Inc. | 1.09% | 161,600 | $2.5M | Add +11.2% |
| AXP American Express Co. | 1.09% | 10,690 | $2.5M | Reduce -10.2% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.08% | 29,969 | $2.5M | Add +1.6% |
| ENLC Enlink Midstream LLC | 0.96% | 158,598 | $2.2M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.95% | 54,177 | $2.2M | Reduce -4.7% |
| WYNN WYNN Resorts Ltd. | 0.92% | 23,351 | $2.1M | Add +14.8% |
| MU Micron Technology Inc. | 0.90% | 15,550 | $2.0M | Reduce -12.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.89% | 11,678 | $2.0M | Add +46.4% |
| JNJ Johnson & Johnson | 0.84% | 13,169 | $1.9M | Reduce -2.7% |
| WMT Walmart Inc. | 0.80% | 26,809 | $1.8M | Add +41.7% |
| SCHW Schwab (charles) Corp. | 0.78% | 24,001 | $1.8M | Add +3.4% |
| T AT&T Inc. | 0.78% | 92,428 | $1.8M | Add +3.4% |
| XEL Xcel Energy Inc. | 0.77% | 32,744 | $1.7M | Add +1.4% |
| CSWC Capital Southwest Corp. | 0.62% | 54,223 | $1.4M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.59% | 7,280 | $1.3M | Add +2.1% |
| HR Healthcare Realty Trust Inc. | 0.58% | 80,750 | $1.3M | Add +35.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.58% | 9,315 | $1.3M | Reduce -39.8% |
| VZ Verizon Communications Inc. | 0.57% | 31,471 | $1.3M | Add +3.3% |
| CMC Commercial Metals Co. | 0.54% | 22,234 | $1.2M | Add +0.8% |
| ON On Semiconductor | 0.49% | 16,390 | $1.1M | Add +9.9% |
| BX Blackstone Inc. | 0.48% | 8,841 | $1.1M | Reduce -9.9% |
| DUK Duke Energy Corp. | 0.48% | 10,832 | $1.1M | Reduce -1.7% |
| ABNB Airbnb Inc. Class A | 0.47% | 7,130 | $1.1M | Add +1.8% |
| AEP American Electric Power | 0.47% | 12,092 | $1.1M | Add +12.3% |
| NCLH Norwegian Cruise Line Holdin | 0.46% | 55,450 | $1.0M | Add +57.9% |
| FDX FedEx Corp. | 0.45% | 3,432 | $1.0M | Reduce -17.9% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.43% | 63,300 | $968K | Reduce -13.2% |
| TSN Tyson Foods Inc. Class A | 0.41% | 16,202 | $926K | Add +13.8% |
| MMM 3M Co. | 0.39% | 8,721 | $891K | Add +15.6% |
| FOUR SHIFT4 Payments Inc. Class A | 0.37% | 11,500 | $844K | Add +1.8% |
| KO The Coca-Cola Co. | 0.36% | 12,788 | $814K | Reduce -4.1% |
| MCD McDonald's Corp. | 0.33% | 2,958 | $754K | Add +0.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.32% | 18,500 | $718K | Reduce -23.2% |
| PANW Palo Alto Networks Inc. | 0.31% | 2,100 | $712K | Add +5.0% |
| PFE Pfizer Inc. | 0.31% | 25,300 | $708K | Add +25.3% |
| SYM Symbotic Inc. | 0.31% | 20,100 | $707K | Add +4.2% |
| MS Morgan Stanley | 0.31% | 7,212 | $701K | Reduce -4.6% |
| BANC Banc of California Inc. | 0.30% | 53,725 | $686K | Add +34.3% |
| PR Permian Resources Corp. Class A | 0.29% | 41,387 | $668K | Add +4.8% |
| DVN Devon Energy Corp. | 0.29% | 14,101 | $668K | Add +4.0% |
| SO The Southern Co. | 0.29% | 8,570 | $665K | Add +1.8% |
| MTDR Matador Resources Co. | 0.29% | 11,123 | $663K | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 1,602 | $652K | Add +0.1% |
| ATO Atmos Energy Corp. | 0.28% | 5,546 | $647K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.28% | 3,487 | $635K | Add +13.0% |
| DELL Dell Technologies -C | 0.28% | 4,590 | $633K | New |
| CVX Chevron Corp. | 0.27% | 3,917 | $613K | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.27% | 1 | $612K | No change |
| PEP Pepsico Inc. | 0.26% | 3,642 | $601K | Add +5.3% |
| FANG Diamondback Energy Inc. | 0.25% | 2,896 | $580K | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.24% | 1,250 | $556K | No change |
| SPG Simon Property Group Inc. | 0.24% | 3,600 | $546K | Add +5.9% |
| TFIN Triumph Financial Inc. | 0.23% | 6,525 | $533K | Reduce -54.6% |
| GS Goldman Sachs Group Inc. | 0.23% | 1,165 | $527K | No change |
| LUV Southwest Airlines Co. | 0.22% | 17,775 | $508K | Add +4.4% |
| AMD Advanced Micro Devices | 0.22% | 3,100 | $503K | New |
| HON Honeywell International Inc. | 0.22% | 2,350 | $502K | No change |
| GM General Motors Co. | 0.21% | 10,464 | $486K | Add +0.1% |
| MDT Medtronic PLC | 0.20% | 5,879 | $463K | Reduce -55.1% |
| COP Conocophillips | 0.20% | 3,963 | $453K | No change |
| AEE Ameren Corporation | 0.20% | 6,288 | $447K | Add +31.3% |
| CYBR Cyberark Software Ltd./Israel | 0.19% | 1,600 | $437K | No change |
| WFC Wells Fargo & Co. | 0.19% | 7,350 | $437K | No change |
| PG The Procter & Gamble Co. | 0.19% | 2,578 | $425K | Reduce -3.6% |
| CART Maplebear Inc. | 0.19% | 13,200 | $424K | New |
| CFR Cullen/Frost Bankers Inc. | 0.18% | 4,128 | $420K | Reduce -21.9% |
| DAL Delta Air Lines Inc. | 0.18% | 8,705 | $413K | Reduce -49.6% |
| DOW Dow Inc. | 0.17% | 7,431 | $394K | Reduce -1.9% |
| CMA Comerica Inc. | 0.16% | 7,230 | $369K | Reduce -7.5% |
| BLDR Builders Firstsource Inc. | 0.15% | 2,550 | $353K | Reduce -6.4% |
| ORCL Oracle Corp. | 0.14% | 2,300 | $325K | No change |
| XRN Global Medical REIT Inc. | 0.14% | 35,750 | $325K | Reduce -2.7% |
| TXN Texas Instruments Inc. | 0.14% | 1,607 | $313K | No change |
| SNBRQ Sleep Number Corp. | 0.12% | 29,500 | $282K | New |
Portfolio Sells Q1 2024 → Q2 2024
| WIRE Encore Wire Corp. | Sold out | 0.00% | −4.63 |
| AAPL Apple Inc. | Reduce -25.0% | 6.59% | −0.90 |
| UBER Uber Technologies Inc. | Reduce -6.7% | 2.58% | −0.49 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.49 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -39.8% | 0.58% | −0.33 |
| MDT Medtronic PLC | Reduce -55.1% | 0.20% | −0.32 |
| TFIN Triumph Financial Inc. | Reduce -54.6% | 0.23% | −0.29 |
| CAT Caterpillar Inc. | Reduce -1.5% | 1.47% | −0.25 |
| AGCO Agco Corp. | Sold out | 0.00% | −0.21 |
| DAL Delta Air Lines Inc. | Reduce -49.6% | 0.18% | −0.20 |
| ABBV Abbvie Inc. | Reduce -1.6% | 1.40% | −0.18 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.18 |
| AMGN Amgen Inc. | Reduce -16.0% | 1.30% | −0.18 |
| DV Doubleverify Holdings Inc. | Reduce -25.9% | 0.11% | −0.17 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.17 |
| AXP American Express Co. | Reduce -10.2% | 1.09% | −0.16 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.15 |
| JNJ Johnson & Johnson | Reduce -2.7% | 0.84% | −0.14 |
| FLG New York Community Bancorp | Sold out | 0.00% | −0.13 |
| CALY Callaway Golf Company | Reduce -13.2% | 0.43% | −0.12 |
| BX Blackstone Inc. | Reduce -9.9% | 0.48% | −0.11 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.11 |
| BLDR Builders Firstsource Inc. | Reduce -6.4% | 0.15% | −0.11 |
| FDX FedEx Corp. | Reduce -17.9% | 0.45% | −0.11 |
| DE Deere & Co. | Sold out | 0.00% | −0.10 |
| CFR Cullen/Frost Bankers Inc. | Reduce -21.9% | 0.18% | −0.09 |
| IRM Iron Mountain Inc. | Reduce -44.4% | 0.12% | −0.08 |
| ONON On Holding AG Class A | Reduce -23.2% | 0.32% | −0.08 |
| MU Micron Technology Inc. | Reduce -12.0% | 0.90% | −0.06 |
| HP Helmerich & Payne | Reduce -13.8% | 0.12% | −0.05 |
| BAC Bank of America Corp. | Reduce -4.7% | 0.95% | −0.05 |
| F Ford Motor Co. | Reduce -22.6% | 0.10% | −0.05 |
| CMA Comerica Inc. | Reduce -7.5% | 0.16% | −0.04 |
| SLB SLB Ltd. | Reduce -4.5% | 0.11% | −0.03 |
| DOW Dow Inc. | Reduce -1.9% | 0.17% | −0.03 |
| UAL United Airlines Holdings Inc. | Reduce -13.5% | 0.11% | −0.02 |
| MS Morgan Stanley | Reduce -4.6% | 0.31% | −0.02 |
| KO The Coca-Cola Co. | Reduce -4.1% | 0.36% | −0.02 |
| UPLD Upland Software Inc. | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.7% | 0.48% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.19% | −0.01 |
| XRN Global Medical REIT Inc. | Reduce -2.7% | 0.14% | −0.01 |
| VST Vistra Corp. | Reduce -8.1% | 1.31% | +0.10 |
| LLY Eli Lilly & Co. | Reduce -2.4% | 1.63% | +0.13 |
| TPL Texas Pacific Land Corp. | Reduce -1.4% | 9.20% | +1.50 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +16.3% | 11.20% | +3.82 |
| GNRC Generac Holdings Inc. | New | 1.39% | +1.39 |
| MSFT Microsoft Corp. | Add +25.9% | 4.01% | +0.87 |
| IBM Intl Business Machines Corp. | Add +128.9% | 1.52% | +0.75 |
| TSM Taiwan Semiconductor-SP ADR | Add +46.4% | 0.89% | +0.39 |
| AMZN Amazon.com Inc. | Add +18.1% | 2.13% | +0.37 |
| DKNG Draftkings Inc. Class A | Add +64.1% | 1.29% | +0.31 |
| DELL Dell Technologies -C | New | 0.28% | +0.28 |
| WMT Walmart Inc. | Add +41.7% | 0.80% | +0.27 |
| EXP Eagle Materials Inc. | Add +53.3% | 1.83% | +0.27 |
| AMD Advanced Micro Devices | New | 0.22% | +0.22 |
| ETD Ethan Allen Interiors Inc. | Add +54.0% | 1.39% | +0.22 |
| HR Healthcare Realty Trust Inc. | Add +35.1% | 0.58% | +0.20 |
| FCX Freeport-McMoran Inc. | Add +10.7% | 2.25% | +0.19 |
| CART Maplebear Inc. | New | 0.19% | +0.19 |
| COST Costco Wholesale Corp. | Add +2.4% | 1.23% | +0.15 |
| SNBRQ Sleep Number Corp. | New | 0.12% | +0.12 |
| NCLH Norwegian Cruise Line Holdin | Add +57.9% | 0.46% | +0.12 |
| HPE Hewlett Packard Enterprise | New | 0.11% | +0.11 |
| ULTA Ulta Beauty Inc. | New | 0.11% | +0.11 |
| CNK Cinemark Holdings Inc. | New | 0.09% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +2.1% | 0.59% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +13.0% | 0.28% | +0.06 |
| PFE Pfizer Inc. | Add +25.3% | 0.31% | +0.05 |
| T AT&T Inc. | Add +3.4% | 0.78% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +5.0% | 0.31% | +0.05 |
| AEP American Electric Power | Add +12.3% | 0.47% | +0.04 |
| AEE Ameren Corporation | Add +31.3% | 0.20% | +0.03 |
| IRWD Ironwood Pharmaceuticals Inc. | New | 0.03% | +0.03 |
| FOUR SHIFT4 Payments Inc. Class A | Add +1.8% | 0.37% | +0.03 |
| MMM 3M Co. | Add +15.6% | 0.39% | +0.02 |
| TSN Tyson Foods Inc. Class A | Add +13.8% | 0.41% | +0.02 |
| BANC Banc of California Inc. | Add +34.3% | 0.30% | +0.02 |
| SO The Southern Co. | Add +1.8% | 0.29% | +0.01 |
| CSWC Capital Southwest Corp. | Add +1.4% | 0.62% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +3.4% | 0.78% | +0.00 |
| META Meta Platforms Inc. Class A | Add +1.1% | 1.85% | +0.00 |
| ET Energy Transfer LP | Add +1.4% | 1.29% | −0.00 |
| GM General Motors Co. | Add +0.1% | 0.21% | −0.00 |
| SPG Simon Property Group Inc. | Add +5.9% | 0.24% | −0.00 |
| LUV Southwest Airlines Co. | Add +4.4% | 0.22% | −0.01 |
| UPS United Parcel Service Class B | Add +6.8% | 0.12% | −0.01 |
| FANG Diamondback Energy Inc. | Add +0.5% | 0.25% | −0.01 |
| ON On Semiconductor | Add +9.9% | 0.49% | −0.01 |
| CVX Chevron Corp. | Add +0.3% | 0.27% | −0.01 |
| PEP Pepsico Inc. | Add +5.3% | 0.26% | −0.01 |
| VZ Verizon Communications Inc. | Add +3.3% | 0.57% | −0.02 |
| ATO Atmos Energy Corp. | Add +0.1% | 0.28% | −0.02 |
| STKL Sunopta Inc. | Add +13.3% | 0.11% | −0.02 |
| DVN Devon Energy Corp. | Add +4.0% | 0.29% | −0.02 |
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 |