First Dallas Securities Inc.

Name: First Dallas Securities Inc. 13F holdings, Q4 2024
Creator: First Dallas Securities Inc.
Published: 2025-01-24

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), First Dallas Securities Inc. reported 112 stock positions worth $245.4 million. Its top holding was Texas Pacific Land (TPL) at 11.5% of the portfolio, followed by Nvidia (NVDA, 11.5%) and Apple (AAPL, 7.3%). Compared with Q3 2024, it opened 3 new positions, sold out of 10, added to 44 and reduced 47. The biggest buy was Amazon.com (AMZN, shares +24%) and the biggest sale Exxon Mobil (XOM, shares −6%).

Most Recent 13F: Q2 2026
Location: DALLAS, TX
CIK: 0001378559
Portfolio Value: $245.4M (Q4 2024)
SEC Filing: 0001337263-25-000002 ↗ filed Jan 24, 2025

Holdings Value

Holdings 112 stocks · $245.4M


TPL Texas Pacific Land Corp.	11.46%	25,434	$28.1M	Reduce -3.4%
NVDA Nvidia Corp.	11.45%	209,286	$28.1M	Add +0.9%
AAPL Apple Inc.	7.29%	71,405	$17.9M	Add +0.0%
MSFT Microsoft Corp.	3.50%	20,396	$8.6M	Add +0.1%
AMZN Amazon.com Inc.	3.14%	35,108	$7.7M	Add +24.3%
OKE Oneok Inc.	2.59%	63,403	$6.4M	Add +0.3%
XOM Exxon Mobil Corp.	2.49%	56,896	$6.1M	Reduce -5.5%
UBER Uber Technologies Inc.	1.96%	79,700	$4.8M	No change
WYNN WYNN Resorts Ltd.	1.87%	53,165	$4.6M	Add +1.4%
META Meta Platforms Inc. Class A	1.81%	7,589	$4.4M	Reduce -4.2%
FCX Freeport-McMoran Inc.	1.75%	112,876	$4.3M	Add +0.6%
GNRC Generac Holdings Inc.	1.68%	26,575	$4.1M	Reduce -3.3%
HD Home Depot Inc.	1.56%	9,811	$3.8M	Add +29.9%
EXP Eagle Materials Inc.	1.53%	15,200	$3.8M	Add +6.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	1.51%	16,898	$3.7M	Reduce -12.0%
CAT Caterpillar Inc.	1.46%	9,868	$3.6M	Add +0.2%
ET Energy Transfer LP	1.43%	178,754	$3.5M	Add +1.5%
VST Vistra Corp.	1.42%	25,337	$3.5M	Reduce -4.8%
JPM JPMorgan Chase & Co.	1.39%	14,267	$3.4M	Reduce -0.3%
ETD Ethan Allen Interiors Inc.	1.39%	121,285	$3.4M	Add +3.4%
ABBV Abbvie Inc.	1.32%	18,269	$3.2M	Add +3.6%
LLY Eli Lilly & Co.	1.26%	4,012	$3.1M	Add +2.6%
DKNG Draftkings Inc. Class A	1.16%	76,816	$2.9M	Reduce -1.9%
BA The Boeing Co.	1.12%	15,466	$2.7M	Reduce -7.6%
WMT Walmart Inc.	1.09%	29,536	$2.7M	Add +0.4%
EXE Expand Energy Corp.	1.08%	26,547	$2.6M	Add +7.5%
COST Costco Wholesale Corp.	1.03%	2,753	$2.5M	Reduce -12.7%
SN Sharkninja Inc.	0.92%	23,275	$2.3M	Add +1078.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.89%	49,694	$2.2M	Reduce -0.8%
MRK Merck & Co. Inc.	0.86%	21,336	$2.1M	Reduce -15.4%
T AT&T Inc.	0.83%	89,658	$2.0M	Add +2.8%
TSM Taiwan Semiconductor-SP ADR	0.78%	9,655	$1.9M	Reduce -3.0%
CLF Cleveland-Cliffs Inc.	0.77%	201,500	$1.9M	Reduce -2.5%
AMGN Amgen Inc.	0.77%	7,257	$1.9M	Reduce -9.2%
XEL Xcel Energy Inc.	0.72%	26,090	$1.8M	Reduce -6.1%
JNJ Johnson & Johnson	0.71%	12,033	$1.7M	Reduce -3.7%
DVN Devon Energy Corp.	0.70%	52,715	$1.7M	Add +31.9%
AXP American Express Co.	0.65%	5,412	$1.6M	Reduce -37.8%
CMC Commercial Metals Co.	0.61%	30,079	$1.5M	Add +41.5%
CSWC Capital Southwest Corp.	0.60%	67,108	$1.5M	Add +18.8%
HR Healthcare Realty Trust Inc.	0.58%	84,250	$1.4M	Add +6.3%
UPS United Parcel Service Class B	0.58%	11,319	$1.4M	Reduce -0.9%
BX Blackstone Inc.	0.57%	8,075	$1.4M	Reduce -3.0%
SCHW Schwab (charles) Corp.	0.57%	18,815	$1.4M	Add +1.9%
BANC Banc of California Inc.	0.49%	77,975	$1.2M	Add +25.8%
MU Micron Technology Inc.	0.48%	14,000	$1.2M	Reduce -6.0%
VZ Verizon Communications Inc.	0.48%	29,260	$1.2M	Reduce -7.8%
WFC Wells Fargo & Co.	0.47%	16,375	$1.1M	Add +116.9%
DUK Duke Energy Corp.	0.44%	10,059	$1.1M	Add +1.5%
ABNB Airbnb Inc. Class A	0.44%	8,230	$1.1M	Reduce -7.8%
MMM 3M Co.	0.44%	8,344	$1.1M	Add +0.0%
AEP American Electric Power	0.44%	11,623	$1.1M	Reduce -0.2%
ENLC Enlink Midstream LLC	0.43%	73,731	$1.0M	Reduce -2.2%
MTZ Mastec Inc.	0.42%	7,600	$1.0M	Add +102.7%
GOOG Alphabet Inc. Class C	0.42%	5,365	$1.0M	Add +55.1%
WHR Whirlpool Corp.	0.38%	8,125	$930K	Add +99.4%
GOOGL Alphabet Inc. Class A	0.38%	4,899	$927K	Reduce -2.9%
NCLH Norwegian Cruise Line Holdin	0.37%	35,450	$912K	Reduce -38.1%
FDX FedEx Corp.	0.37%	3,222	$906K	No change
MCD McDonald's Corp.	0.34%	2,875	$833K	Add +1.8%
PANW Palo Alto Networks Inc.	0.32%	4,260	$775K	No change
PR Permian Resources Corp. Class A	0.31%	53,041	$763K	Add +23.3%
ON On Semiconductor	0.31%	11,915	$751K	Reduce -25.9%
KO The Coca-Cola Co.	0.30%	11,917	$742K	Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B	0.30%	1,602	$726K	No change
C Citigroup Inc.	0.29%	10,267	$723K	Add +5.2%
GS Goldman Sachs Group Inc.	0.29%	1,260	$722K	No change
ONON On Holding AG Class A filed as ON HLDG AG	0.28%	12,595	$690K	Reduce -4.4%
BRK.A Berkshire Hathaway Inc. Class A	0.28%	1	$681K	No change
ATO Atmos Energy Corp.	0.27%	4,821	$671K	Reduce -2.0%
HPE Hewlett Packard Enterprise	0.27%	30,759	$657K	Add +119.6%
MS Morgan Stanley	0.26%	5,062	$636K	Reduce -14.4%
SNBRQ Sleep Number Corp.	0.26%	41,500	$632K	Add +40.7%
MTDR Matador Resources Co.	0.26%	11,131	$626K	Add +0.0%
TFIN Triumph Financial Inc.	0.24%	6,525	$593K	No change
SO The Southern Co.	0.24%	7,020	$578K	No change
FOUR SHIFT4 Payments Inc. Class A	0.23%	5,325	$553K	Reduce -14.8%
CFR Cullen/Frost Bankers Inc.	0.22%	4,028	$541K	Add +2.5%
SPG Simon Property Group Inc.	0.22%	3,100	$534K	Reduce -13.9%
HON Honeywell International Inc.	0.22%	2,350	$531K	No change
LMT Lockheed Martin Corp.	0.21%	1,075	$522K	No change
CYBR Cyberark Software Ltd./Israel	0.21%	1,550	$516K	No change
AEE Ameren Corporation	0.21%	5,725	$510K	No change
AVGO Broadcom Inc.	0.20%	2,100	$487K	Reduce -13.2%
NVO Novo-Nordisk A/S-Spons ADR	0.20%	5,654	$486K	Add +17.4%
FANG Diamondback Energy Inc.	0.19%	2,920	$478K	Add +0.2%
ISRG Intuitive Surgical Inc.	0.19%	900	$470K	Reduce -21.7%
DELL Dell Technologies -C	0.19%	3,945	$455K	Reduce -20.6%
LUV Southwest Airlines Co.	0.18%	13,125	$441K	Reduce -19.9%
PEP Pepsico Inc.	0.18%	2,845	$433K	No change
LIF LIFE360 Inc.	0.18%	10,450	$431K	Add +50.4%
SYM Symbotic Inc.	0.17%	17,500	$415K	Reduce -46.0%
CVX Chevron Corp.	0.17%	2,845	$412K	Reduce -1.1%
NFLX Netflix Inc.	0.17%	460	$410K	No change
PTLO Portillo's Inc. Class A	0.17%	43,250	$407K	Add +94.4%
XRN Global Medical REIT Inc.	0.16%	52,000	$401K	Add +13.7%
COP Conocophillips	0.16%	3,963	$393K	No change
ORCL Oracle Corp.	0.16%	2,300	$383K	No change
STKL Sunopta Inc.	0.15%	47,000	$362K	No change
DE Deere & Co.	0.15%	840	$356K	No change
PFE Pfizer Inc.	0.14%	13,350	$354K	Reduce -40.9%
BLDR Builders Firstsource Inc.	0.14%	2,450	$350K	Reduce -3.9%
PG The Procter & Gamble Co.	0.14%	2,065	$346K	Reduce -6.7%
CART Maplebear Inc.	0.13%	7,700	$319K	Reduce -36.9%
CROX Crocs Inc.	0.13%	2,849	$312K	New
YOU Clear Secure Inc. Class A	0.12%	11,400	$304K	Add +43.4%
TXN Texas Instruments Inc.	0.12%	1,609	$302K	Add +0.1%
CMA Comerica Inc.	0.12%	4,660	$288K	Reduce -24.0%
PLTR Palantir Technologies Inc. Class A	0.10%	3,400	$257K	New
TFC Truist Financial Corp.	0.09%	5,200	$226K	New
URI United Rentals Inc.	0.09%	320	$225K	Reduce -1.5%
DRI Darden Restaurants Inc.	0.09%	1,200	$224K	Reduce -17.2%

Portfolio Sells Q3 2024 → Q4 2024


XOM Exxon Mobil Corp.	Reduce -5.5%	2.49%	−0.46
TSN Tyson Foods Inc. Class A	Sold out	0.00%	−0.38
MRK Merck & Co. Inc.	Reduce -15.4%	0.86%	−0.33
CLF Cleveland-Cliffs Inc.	Reduce -2.5%	0.77%	−0.33
AXP American Express Co.	Reduce -37.8%	0.65%	−0.33
AMGN Amgen Inc.	Reduce -9.2%	0.77%	−0.31
IBM Intl Business Machines Corp.	Reduce -12.0%	1.51%	−0.26
ON On Semiconductor	Reduce -25.9%	0.31%	−0.18
GM General Motors Co.	Sold out	0.00%	−0.18
SLB SLB Ltd.	Sold out	0.00%	−0.17
AMD Advanced Micro Devices	Sold out	0.00%	−0.17
MU Micron Technology Inc.	Reduce -6.0%	0.48%	−0.17
SYM Symbotic Inc.	Reduce -46.0%	0.17%	−0.16
CALY Callaway Golf Company	Sold out	0.00%	−0.16
GNRC Generac Holdings Inc.	Reduce -3.3%	1.68%	−0.15
COST Costco Wholesale Corp.	Reduce -12.7%	1.03%	−0.14
JNJ Johnson & Johnson	Reduce -3.7%	0.71%	−0.14
PFE Pfizer Inc.	Reduce -40.9%	0.14%	−0.13
UAL United Airlines Holdings Inc.	Sold out	0.00%	−0.12
NCLH Norwegian Cruise Line Holdin	Reduce -38.1%	0.37%	−0.12
VZ Verizon Communications Inc.	Reduce -7.8%	0.48%	−0.12
DKNG Draftkings Inc. Class A	Reduce -1.9%	1.16%	−0.12
ULTA Ulta Beauty Inc.	Sold out	0.00%	−0.10
TSLA Tesla Inc.	Sold out	0.00%	−0.10
HP Helmerich & Payne	Sold out	0.00%	−0.09
META Meta Platforms Inc. Class A	Reduce -4.2%	1.81%	−0.08
TMHC Taylor Morrison Home Corp.	Sold out	0.00%	−0.08
CART Maplebear Inc.	Reduce -36.9%	0.13%	−0.08
UPS United Parcel Service Class B	Reduce -0.9%	0.58%	−0.07
BLDR Builders Firstsource Inc.	Reduce -3.9%	0.14%	−0.06
AEP American Electric Power	Reduce -0.2%	0.44%	−0.06
DELL Dell Technologies -C	Reduce -20.6%	0.19%	−0.06
KO The Coca-Cola Co.	Reduce -0.6%	0.30%	−0.06
ISRG Intuitive Surgical Inc.	Reduce -21.7%	0.19%	−0.04
XEL Xcel Energy Inc.	Reduce -6.1%	0.72%	−0.04
SPG Simon Property Group Inc.	Reduce -13.9%	0.22%	−0.04
CMA Comerica Inc.	Reduce -24.0%	0.12%	−0.04
ABNB Airbnb Inc. Class A	Reduce -7.8%	0.44%	−0.03
ENLC Enlink Midstream LLC	Reduce -2.2%	0.43%	−0.03
LUV Southwest Airlines Co.	Reduce -19.9%	0.18%	−0.02
PG The Procter & Gamble Co.	Reduce -6.7%	0.14%	−0.02
URI United Rentals Inc.	Reduce -1.5%	0.09%	−0.02
ATO Atmos Energy Corp.	Reduce -2.0%	0.27%	−0.01
CVX Chevron Corp.	Reduce -1.1%	0.17%	−0.01
DRI Darden Restaurants Inc.	Reduce -17.2%	0.09%	−0.01
FOUR SHIFT4 Payments Inc. Class A	Reduce -14.8%	0.23%	−0.01
MS Morgan Stanley	Reduce -14.4%	0.26%	+0.00
ONON On Holding AG Class A	Reduce -4.4%	0.28%	+0.01
AVGO Broadcom Inc.	Reduce -13.2%	0.20%	+0.02
GOOGL Alphabet Inc. Class A	Reduce -2.9%	0.38%	+0.03

Portfolio Buys Q3 2024 → Q4 2024


AMZN Amazon.com Inc.	Add +24.3%	3.14%	+0.94
NVDA Nvidia Corp.	Add +0.9%	11.45%	+0.93
SN Sharkninja Inc.	Add +1078.5%	0.92%	+0.83
AAPL Apple Inc.	Add +0.0%	7.29%	+0.33
WFC Wells Fargo & Co.	Add +116.9%	0.47%	+0.29
HD Home Depot Inc.	Add +29.9%	1.56%	+0.28
ET Energy Transfer LP	Add +1.5%	1.43%	+0.25
MTZ Mastec Inc.	Add +102.7%	0.42%	+0.23
EXE Expand Energy Corp.	Add +7.5%	1.08%	+0.23
WHR Whirlpool Corp.	Add +99.4%	0.38%	+0.20
OKE Oneok Inc.	Add +0.3%	2.59%	+0.19
GOOG Alphabet Inc. Class C	Add +55.1%	0.42%	+0.17
HPE Hewlett Packard Enterprise	Add +119.6%	0.27%	+0.15
CROX Crocs Inc.	New	0.13%	+0.13
CMC Commercial Metals Co.	Add +41.5%	0.61%	+0.12
BANC Banc of California Inc.	Add +25.8%	0.49%	+0.11
PLTR Palantir Technologies Inc. Class A	New	0.10%	+0.10
WMT Walmart Inc.	Add +0.4%	1.09%	+0.10
TFC Truist Financial Corp.	New	0.09%	+0.09
SCHW Schwab (charles) Corp.	Add +1.9%	0.57%	+0.07
PR Permian Resources Corp. Class A	Add +23.3%	0.31%	+0.07
LIF LIFE360 Inc.	Add +50.4%	0.18%	+0.06
DVN Devon Energy Corp.	Add +31.9%	0.70%	+0.05
PTLO Portillo's Inc. Class A	Add +94.4%	0.17%	+0.04
C Citigroup Inc.	Add +5.2%	0.29%	+0.04
CFR Cullen/Frost Bankers Inc.	Add +2.5%	0.22%	+0.04
SNBRQ Sleep Number Corp.	Add +40.7%	0.26%	+0.03
T AT&T Inc.	Add +2.8%	0.83%	+0.03
MTDR Matador Resources Co.	Add +0.0%	0.26%	+0.03
YOU Clear Secure Inc. Class A	Add +43.4%	0.12%	+0.01
CSWC Capital Southwest Corp.	Add +18.8%	0.60%	−0.00
FANG Diamondback Energy Inc.	Add +0.2%	0.19%	−0.02
TXN Texas Instruments Inc.	Add +0.1%	0.12%	−0.02
HR Healthcare Realty Trust Inc.	Add +6.3%	0.58%	−0.02
MCD McDonald's Corp.	Add +1.8%	0.34%	−0.02
XRN Global Medical REIT Inc.	Add +13.7%	0.16%	−0.03
DUK Duke Energy Corp.	Add +1.5%	0.44%	−0.04
MMM 3M Co.	Add +0.0%	0.44%	−0.04
NVO Novo-Nordisk A/S-Spons ADR	Add +17.4%	0.20%	−0.04
ABBV Abbvie Inc.	Add +3.6%	1.32%	−0.13
CAT Caterpillar Inc.	Add +0.2%	1.46%	−0.15
MSFT Microsoft Corp.	Add +0.1%	3.50%	−0.16
ETD Ethan Allen Interiors Inc.	Add +3.4%	1.39%	−0.17
LLY Eli Lilly & Co.	Add +2.6%	1.26%	−0.19
EXP Eagle Materials Inc.	Add +6.4%	1.53%	−0.19
WYNN WYNN Resorts Ltd.	Add +1.4%	1.87%	−0.23
FCX Freeport-McMoran Inc.	Add +0.6%	1.75%	−0.59

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