First Dallas Securities Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), First Dallas Securities Inc. reported 119 stock positions worth $239.3 million. Its top holding was Nvidia (NVDA) at 10.5% of the portfolio, followed by Texas Pacific Land (TPL, 9.7%) and Apple (AAPL, 7.0%). Compared with Q2 2024, it opened 12 new positions, sold out of 10, added to 32 and reduced 62. The biggest buy was WYNN Resorts (WYNN, shares +124%) and the biggest sale Enlink Midstream (ENLC, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001378559
- Portfolio Value
- $239.3M (Q3 2024)
- SEC Filing
- 0001337263-24-000010 ↗ filed Nov 18, 2024
Holdings Value
Holdings 119 stocks · $239.3M
| NVDA Nvidia Corp. | 10.52% | 207,314 | $25.2M | Add +0.3% |
| TPL Texas Pacific Land Corp. | 9.74% | 26,328 | $23.3M | Reduce -7.8% |
| AAPL Apple Inc. | 6.95% | 71,398 | $16.6M | Add +0.1% |
| MSFT Microsoft Corp. | 3.67% | 20,381 | $8.8M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 2.95% | 60,206 | $7.1M | Reduce -3.8% |
| UBER Uber Technologies Inc. | 2.50% | 79,700 | $6.0M | Reduce -1.4% |
| OKE Oneok Inc. | 2.41% | 63,182 | $5.8M | Reduce -3.6% |
| FCX Freeport-McMoran Inc. | 2.34% | 112,264 | $5.6M | Add +6.6% |
| AMZN Amazon.com Inc. | 2.20% | 28,238 | $5.3M | Add +12.5% |
| WYNN WYNN Resorts Ltd. | 2.10% | 52,406 | $5.0M | Add +124.4% |
| META Meta Platforms Inc. Class A | 1.90% | 7,923 | $4.5M | Reduce -5.4% |
| GNRC Generac Holdings Inc. | 1.82% | 27,475 | $4.4M | Add +14.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.77% | 19,207 | $4.2M | Reduce -4.2% |
| EXP Eagle Materials Inc. | 1.72% | 14,283 | $4.1M | Reduce -25.6% |
| CAT Caterpillar Inc. | 1.61% | 9,847 | $3.9M | Reduce -2.0% |
| ETD Ethan Allen Interiors Inc. | 1.56% | 117,282 | $3.7M | Add +3.6% |
| ABBV Abbvie Inc. | 1.45% | 17,625 | $3.5M | Reduce -5.1% |
| LLY Eli Lilly & Co. | 1.45% | 3,912 | $3.5M | Reduce -4.7% |
| VST Vistra Corp. | 1.32% | 26,615 | $3.2M | Reduce -23.4% |
| DKNG Draftkings Inc. Class A | 1.28% | 78,316 | $3.1M | Add +2.0% |
| HD Home Depot Inc. | 1.28% | 7,552 | $3.1M | Reduce -13.4% |
| JPM JPMorgan Chase & Co. | 1.26% | 14,317 | $3.0M | Reduce -2.9% |
| MRK Merck & Co. Inc. | 1.20% | 25,231 | $2.9M | Add +13.0% |
| ET Energy Transfer LP | 1.18% | 176,138 | $2.8M | Reduce -3.1% |
| COST Costco Wholesale Corp. | 1.17% | 3,153 | $2.8M | Reduce -4.1% |
| CLF Cleveland-Cliffs Inc. | 1.10% | 206,750 | $2.6M | Add +27.9% |
| AMGN Amgen Inc. | 1.08% | 7,989 | $2.6M | Reduce -15.4% |
| BA The Boeing Co. | 1.06% | 16,741 | $2.5M | Reduce -2.8% |
| WMT Walmart Inc. | 0.99% | 29,411 | $2.4M | Add +9.7% |
| AXP American Express Co. | 0.99% | 8,696 | $2.4M | Reduce -18.6% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 0.85% | 24,702 | $2.0M | Reduce -17.6% |
| JNJ Johnson & Johnson | 0.85% | 12,494 | $2.0M | Reduce -5.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.83% | 50,079 | $2.0M | Reduce -7.6% |
| T AT&T Inc. | 0.80% | 87,244 | $1.9M | Reduce -5.6% |
| XEL Xcel Energy Inc. | 0.76% | 27,785 | $1.8M | Reduce -15.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.72% | 9,954 | $1.7M | Reduce -14.8% |
| DVN Devon Energy Corp. | 0.65% | 39,955 | $1.6M | Add +183.3% |
| UPS United Parcel Service Class B | 0.65% | 11,417 | $1.6M | Add +476.9% |
| MU Micron Technology Inc. | 0.65% | 14,900 | $1.5M | Reduce -4.2% |
| HR Healthcare Realty Trust Inc. | 0.60% | 79,250 | $1.4M | Reduce -1.9% |
| CSWC Capital Southwest Corp. | 0.60% | 56,512 | $1.4M | Add +4.2% |
| VZ Verizon Communications Inc. | 0.60% | 31,728 | $1.4M | Add +0.8% |
| BX Blackstone Inc. | 0.53% | 8,322 | $1.3M | Reduce -5.9% |
| SCHW Schwab (charles) Corp. | 0.50% | 18,463 | $1.2M | Reduce -23.1% |
| AEP American Electric Power | 0.50% | 11,645 | $1.2M | Reduce -3.7% |
| NCLH Norwegian Cruise Line Holdin | 0.49% | 57,300 | $1.2M | Add +3.3% |
| ON On Semiconductor | 0.49% | 16,090 | $1.2M | Reduce -1.8% |
| CMC Commercial Metals Co. | 0.49% | 21,251 | $1.2M | Reduce -4.4% |
| DUK Duke Energy Corp. | 0.48% | 9,908 | $1.1M | Reduce -8.5% |
| MMM 3M Co. | 0.48% | 8,343 | $1.1M | Reduce -4.3% |
| ABNB Airbnb Inc. Class A | 0.47% | 8,930 | $1.1M | Add +25.3% |
| ENLC Enlink Midstream LLC | 0.46% | 75,373 | $1.1M | Reduce -52.5% |
| BANC Banc of California Inc. | 0.38% | 61,975 | $913K | Add +15.4% |
| TSN Tyson Foods Inc. Class A | 0.38% | 15,222 | $907K | Reduce -6.0% |
| FDX FedEx Corp. | 0.37% | 3,222 | $882K | Reduce -6.1% |
| KO The Coca-Cola Co. | 0.36% | 11,988 | $861K | Reduce -6.3% |
| MCD McDonald's Corp. | 0.36% | 2,825 | $860K | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 0.35% | 5,046 | $837K | Add +44.7% |
| SYM Symbotic Inc. | 0.33% | 32,400 | $790K | Add +61.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 1,602 | $737K | No change |
| PANW Palo Alto Networks Inc. | 0.30% | 2,130 | $728K | Add +1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 1 | $691K | No change |
| ATO Atmos Energy Corp. | 0.29% | 4,920 | $682K | Reduce -11.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.28% | 13,170 | $660K | Reduce -28.8% |
| PFE Pfizer Inc. | 0.27% | 22,600 | $654K | Reduce -10.7% |
| SO The Southern Co. | 0.26% | 7,020 | $633K | Reduce -18.1% |
| LMT Lockheed Martin Corp. | 0.26% | 1,075 | $628K | Add +87.0% |
| GS Goldman Sachs Group Inc. | 0.26% | 1,260 | $624K | Add +8.2% |
| MS Morgan Stanley | 0.26% | 5,912 | $616K | Reduce -18.0% |
| C Citigroup Inc. | 0.26% | 9,764 | $611K | New |
| SPG Simon Property Group Inc. | 0.25% | 3,600 | $608K | No change |
| DELL Dell Technologies -C | 0.25% | 4,970 | $589K | Add +8.3% |
| PR Permian Resources Corp. Class A | 0.24% | 43,020 | $586K | Add +4.0% |
| GOOG Alphabet Inc. Class C | 0.24% | 3,460 | $578K | Reduce -52.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.24% | 4,816 | $573K | Reduce -48.3% |
| ISRG Intuitive Surgical Inc. | 0.24% | 1,150 | $565K | Reduce -8.0% |
| FOUR SHIFT4 Payments Inc. Class A | 0.23% | 6,250 | $554K | Reduce -45.6% |
| MTDR Matador Resources Co. | 0.23% | 11,127 | $550K | Add +0.0% |
| SNBRQ Sleep Number Corp. | 0.23% | 29,500 | $540K | No change |
| TFIN Triumph Financial Inc. | 0.22% | 6,525 | $519K | No change |
| FANG Diamondback Energy Inc. | 0.21% | 2,913 | $502K | Add +0.6% |
| AEE Ameren Corporation | 0.21% | 5,725 | $501K | Reduce -8.9% |
| CART Maplebear Inc. | 0.21% | 12,200 | $497K | Reduce -7.6% |
| BLDR Builders Firstsource Inc. | 0.21% | 2,550 | $494K | No change |
| HON Honeywell International Inc. | 0.20% | 2,350 | $486K | No change |
| LUV Southwest Airlines Co. | 0.20% | 16,375 | $485K | Reduce -7.9% |
| PEP Pepsico Inc. | 0.20% | 2,845 | $484K | Reduce -21.9% |
| MTZ Mastec Inc. | 0.19% | 3,750 | $462K | New |
| XRN Global Medical REIT Inc. | 0.19% | 45,750 | $453K | Add +28.0% |
| CYBR Cyberark Software Ltd./Israel | 0.19% | 1,550 | $452K | Reduce -3.1% |
| CFR Cullen/Frost Bankers Inc. | 0.18% | 3,928 | $439K | Reduce -4.8% |
| WHR Whirlpool Corp. | 0.18% | 4,075 | $436K | New |
| GM General Motors Co. | 0.18% | 9,719 | $436K | Reduce -7.1% |
| WFC Wells Fargo & Co. | 0.18% | 7,550 | $427K | Add +2.7% |
| CVX Chevron Corp. | 0.18% | 2,876 | $424K | Reduce -26.6% |
| AVGO Broadcom Inc. | 0.17% | 2,420 | $417K | New |
| COP Conocophillips | 0.17% | 3,963 | $417K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.17% | 9,850 | $413K | Add +85.8% |
| AMD Advanced Micro Devices | 0.17% | 2,500 | $410K | Reduce -19.4% |
| ORCL Oracle Corp. | 0.16% | 2,300 | $392K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| ENLC Enlink Midstream LLC | Reduce -52.5% | 0.46% | −0.50 |
| GOOG Alphabet Inc. Class C | Reduce -52.5% | 0.24% | −0.34 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -48.3% | 0.24% | −0.34 |
| MSFT Microsoft Corp. | Reduce -0.3% | 3.67% | −0.34 |
| BA The Boeing Co. | Reduce -2.8% | 1.06% | −0.31 |
| SCHW Schwab (charles) Corp. | Reduce -23.1% | 0.50% | −0.28 |
| CALY Callaway Golf Company | Reduce -46.6% | 0.16% | −0.27 |
| MU Micron Technology Inc. | Reduce -4.2% | 0.65% | −0.25 |
| EXE Expand Energy Corp. | Reduce -17.6% | 0.85% | −0.23 |
| AMGN Amgen Inc. | Reduce -15.4% | 1.08% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -3.8% | 2.95% | −0.21 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.20 |
| LLY Eli Lilly & Co. | Reduce -4.7% | 1.45% | −0.18 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.18 |
| DOW Dow Inc. | Sold out | 0.00% | −0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -14.8% | 0.72% | −0.17 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -45.6% | 0.23% | −0.14 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.12 |
| EXP Eagle Materials Inc. | Reduce -25.6% | 1.72% | −0.12 |
| BAC Bank of America Corp. | Reduce -7.6% | 0.83% | −0.12 |
| ET Energy Transfer LP | Reduce -3.1% | 1.18% | −0.11 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.11 |
| F Ford Motor Co. | Sold out | 0.00% | −0.10 |
| AXP American Express Co. | Reduce -18.6% | 0.99% | −0.10 |
| CVX Chevron Corp. | Reduce -26.6% | 0.18% | −0.09 |
| STR Sitio Royalties Corp. Class A | Sold out | 0.00% | −0.09 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.09 |
| EVH Evolent Health Inc. Class A | Sold out | 0.00% | −0.09 |
| FDX FedEx Corp. | Reduce -6.1% | 0.37% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -1.4% | 2.50% | −0.07 |
| PEP Pepsico Inc. | Reduce -21.9% | 0.20% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -4.1% | 1.17% | −0.06 |
| MS Morgan Stanley | Reduce -18.0% | 0.26% | −0.05 |
| AMD Advanced Micro Devices | Reduce -19.4% | 0.17% | −0.05 |
| CMC Commercial Metals Co. | Reduce -4.4% | 0.49% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -2.9% | 1.26% | −0.05 |
| ONON On Holding AG Class A | Reduce -28.8% | 0.28% | −0.04 |
| HD Home Depot Inc. | Reduce -13.4% | 1.28% | −0.04 |
| PFE Pfizer Inc. | Reduce -10.7% | 0.27% | −0.04 |
| HP Helmerich & Payne | Reduce -10.8% | 0.09% | −0.04 |
| IRWD Ironwood Pharmaceuticals Inc. | Sold out | 0.00% | −0.03 |
| GM General Motors Co. | Reduce -7.1% | 0.18% | −0.03 |
| TSN Tyson Foods Inc. Class A | Reduce -6.0% | 0.38% | −0.03 |
| SO The Southern Co. | Reduce -18.1% | 0.26% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -14.2% | 0.16% | −0.03 |
| LUV Southwest Airlines Co. | Reduce -7.9% | 0.20% | −0.02 |
| XEL Xcel Energy Inc. | Reduce -15.1% | 0.76% | −0.01 |
| CMA Comerica Inc. | Reduce -15.2% | 0.15% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -8.0% | 0.24% | −0.01 |
| ON On Semiconductor | Reduce -1.8% | 0.49% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| WYNN WYNN Resorts Ltd. | Add +124.4% | 2.10% | +1.18 |
| UPS United Parcel Service Class B | Add +476.9% | 0.65% | +0.53 |
| GNRC Generac Holdings Inc. | Add +14.4% | 1.82% | +0.43 |
| DVN Devon Energy Corp. | Add +183.3% | 0.65% | +0.36 |
| AAPL Apple Inc. | Add +0.1% | 6.95% | +0.36 |
| C Citigroup Inc. | New | 0.26% | +0.26 |
| WMT Walmart Inc. | Add +9.7% | 0.99% | +0.20 |
| MTZ Mastec Inc. | New | 0.19% | +0.19 |
| WHR Whirlpool Corp. | New | 0.18% | +0.18 |
| ETD Ethan Allen Interiors Inc. | Add +3.6% | 1.56% | +0.18 |
| AVGO Broadcom Inc. | New | 0.17% | +0.17 |
| DE Deere & Co. | New | 0.15% | +0.15 |
| LMT Lockheed Martin Corp. | Add +87.0% | 0.26% | +0.14 |
| NFLX Netflix Inc. | New | 0.14% | +0.14 |
| PTLO Portillo's Inc. Class A | New | 0.13% | +0.13 |
| LIF LIFE360 Inc. | New | 0.11% | +0.11 |
| YOU Clear Secure Inc. Class A | New | 0.11% | +0.11 |
| TSLA Tesla Inc. | New | 0.10% | +0.10 |
| FCX Freeport-McMoran Inc. | Add +6.6% | 2.34% | +0.10 |
| SN Sharkninja Inc. | New | 0.09% | +0.09 |
| TMHC Taylor Morrison Home Corp. | New | 0.08% | +0.08 |
| BANC Banc of California Inc. | Add +15.4% | 0.38% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +44.7% | 0.35% | +0.07 |
| AMZN Amazon.com Inc. | Add +12.5% | 2.20% | +0.07 |
| SLB SLB Ltd. | Add +85.8% | 0.17% | +0.06 |
| XRN Global Medical REIT Inc. | Add +28.0% | 0.19% | +0.05 |
| NCLH Norwegian Cruise Line Holdin | Add +3.3% | 0.49% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +8.2% | 0.26% | +0.03 |
| VZ Verizon Communications Inc. | Add +0.8% | 0.60% | +0.03 |
| SYM Symbotic Inc. | Add +61.2% | 0.33% | +0.02 |
| CLF Cleveland-Cliffs Inc. | Add +27.9% | 1.10% | +0.01 |
| HPE Hewlett Packard Enterprise | Add +20.2% | 0.12% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.1% | 0.14% | +0.00 |
| ABNB Airbnb Inc. Class A | Add +25.3% | 0.47% | −0.00 |
| DKNG Draftkings Inc. Class A | Add +2.0% | 1.28% | −0.00 |
| PANW Palo Alto Networks Inc. | Add +1.4% | 0.30% | −0.01 |
| WFC Wells Fargo & Co. | Add +2.7% | 0.18% | −0.01 |
| MRK Merck & Co. Inc. | Add +13.0% | 1.20% | −0.02 |
| CSWC Capital Southwest Corp. | Add +4.2% | 0.60% | −0.02 |
| DELL Dell Technologies -C | Add +8.3% | 0.25% | −0.03 |
| FANG Diamondback Energy Inc. | Add +0.6% | 0.21% | −0.04 |
| PR Permian Resources Corp. Class A | Add +4.0% | 0.24% | −0.05 |
| MTDR Matador Resources Co. | Add +0.0% | 0.23% | −0.06 |
| NVDA Nvidia Corp. | Add +0.3% | 10.52% | −0.68 |
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 |