First Dallas Securities Inc.

Name: First Dallas Securities Inc. 13F holdings, Q2 2026
Creator: First Dallas Securities Inc.
Published: 2026-08-03

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

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%
ULTA Ulta Beauty Inc.	0.12%	800	$361K	New
CECO Ceco Environmental Corp.	0.12%	3,850	$349K	New
URI United Rentals Inc.	0.11%	300	$340K	No change
UAL United Airlines Holdings Inc.	0.11%	2,400	$326K	New
ETN Eaton Corp. PLC	0.11%	750	$320K	No change
AAL American Airlines Group Inc.	0.10%	17,431	$315K	New
RIVN Rivian Automotive Inc. Class A	0.10%	16,900	$293K	New
LMT Lockheed Martin Corp.	0.10%	575	$293K	No change
GNRC Generac Holdings Inc.	0.10%	1,000	$293K	Reduce -13.0%
PEP Pepsico Inc.	0.09%	2,085	$282K	Reduce -2.3%
OUT Outfront Media Inc.	0.09%	8,500	$278K	No change
CRK Comstock Resources Inc.	0.09%	18,650	$278K	New
MMM 3M Co.	0.09%	1,712	$277K	Reduce -61.2%
ORCL Oracle Corp.	0.09%	1,800	$264K	Reduce -14.3%
HON Honeywell International Inc.	0.09%	1,175	$263K	No change
HONA Honeywell Aerospace Inc.	0.09%	1,175	$260K	No change
UNH Unitedhealth Group Inc.	0.08%	600	$249K	Reduce -29.4%
COP Conocophillips	0.08%	2,298	$239K	Reduce -2.1%
VPG Vishay Precision Group	0.08%	1,575	$236K	New
CVX Chevron Corp.	0.07%	1,279	$212K	No change
COF Capital One Financial Corp.	0.07%	1,000	$201K	New
PG The Procter & Gamble Co.	0.07%	1,365	$200K	New
AIOT Powerfleet Inc.	0.04%	29,750	$114K	Reduce -36.0%
SOPH Sophia Genetics SA	0.02%	10,000	$58K	No change
SFIX Stitch Fix Inc. Class A	0.01%	10,000	$41K	Reduce -13.0%

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