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

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $217.4M Q1 2024 Q2 2024: $227.8M Q2 2024 Q3 2024: $239.3M $239.3M Q3 2024 Q4 2024: $245.4M Q4 2024 Q1 2025: $239.3M Q1 2025 Q2 2025: $253.0M Q2 2025 Q3 2025: $266.9M Q3 2025 Q4 2025: $268.8M Q4 2025 Q1 2026: $270.3M Q1 2026 Q2 2026: $302.6M Q2 2026

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
PG The Procter & Gamble Co. 0.16% 2,213 $383K Reduce -14.2%
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.16% 33,800 $371K Reduce -46.6%
CMA Comerica Inc. 0.15% 6,130 $367K Reduce -15.2%
DE Deere & Co. 0.15% 840 $351K New
TXN Texas Instruments Inc. 0.14% 1,608 $332K Add +0.1%
NFLX Netflix Inc. 0.14% 460 $326K New
STKL Sunopta Inc. 0.13% 47,000 $300K No change
PTLO Portillo's Inc. Class A 0.13% 22,250 $300K New
UAL United Airlines Holdings Inc. 0.12% 5,110 $292K No change
HPE Hewlett Packard Enterprise 0.12% 14,005 $287K Add +20.2%
LIF LIFE360 Inc. 0.11% 6,950 $273K New
YOU Clear Secure Inc. Class A 0.11% 7,950 $263K New
URI United Rentals Inc. 0.11% 325 $263K Reduce -3.0%
ULTA Ulta Beauty Inc. 0.10% 625 $243K No change
TSLA Tesla Inc. 0.10% 910 $238K New
DRI Darden Restaurants Inc. 0.10% 1,450 $238K No change
SN Sharkninja Inc. 0.09% 1,975 $215K New
HP Helmerich & Payne 0.09% 6,964 $212K Reduce -10.8%
TMHC Taylor Morrison Home Corp. 0.08% 2,850 $200K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 125$302.6MNVDA, TPL, AAPL, AMZN, CAT
Q1 2026 118$270.3MNVDA, TPL, AAPL, AMZN, XOM
Q4 2025 107$268.8MNVDA, TPL, AAPL, AMZN, MSFT
Q3 2025 113$266.9MNVDA, TPL, AAPL, AMZN, MSFT
Q2 2025 123$253.0MNVDA, TPL, AAPL, AMZN, MSFT
Q1 2025 112$239.3MTPL, NVDA, AAPL, OKE, AMZN
Q4 2024 112$245.4MTPL, NVDA, AAPL, MSFT, AMZN
Q3 2024 119$239.3MNVDA, TPL, AAPL, MSFT, XOM
Q2 2024 117$227.8MNVDA, TPL, AAPL, MSFT, XOM
Q1 2024 118$217.4MTPL, AAPL, NVDA, WIRE, XOM