First Dallas Securities Inc.
Reported holdings as of Q2 2026, from 30 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $41.7M | 208,547 | +0.46pp | 25q | +0.9%+$386.6K | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $25.0M | 57,135 | -2.19pp | 21q | -4.1%-$1.1M | |
| APPLE INC | AAPL | $19.5M | 67,352 | +0.13pp | 30q | HELD | |
| AMAZON COM INC | AMZN | $10.3M | 43,126 | +0.34pp | 25q | +8.6%+$817.5K | |
| CATERPILLAR INC | CAT | $8.6M | 8,087 | +0.58pp | 30q | -6.5%-$601.7K | |
| FREEPORT-MCMORAN INC | FCX | $7.7M | 122,137 | -0.17pp | 22q | -2.0%-$160.1K | |
| BOEING CO | BA | $7.1M | 32,657 | -0.05pp | 11q | +0.7%+$47.6K | |
| MICRON TECHNOLOGY INC | MU | $6.6M | 5,695 | +1.18pp | 23q | -28.3%-$2.6M | |
| EXXON MOBIL CORP | XOMXXXX | $6.0M | 43,692 | -0.81pp | 30q | -1.6%-$95.4K | |
| ONEOK INC NEW | OKE | $5.7M | 66,126 | -0.49pp | 30q | -7.7%-$477.6K | |
| UBER TECHNOLOGIES INC | UBER | $5.3M | 73,705 | -0.30pp | 21q | -4.5%-$253.3K | |
| ELI LILLY & CO | LLY | $5.2M | 4,359 | -0.11pp | 11q | -19.2%-$1.2M | |
| SHARKNINJA INC | SN | $5.2M | 34,135 | +0.33pp | 8q | -3.7%-$201.8K | |
| RYMAN HOSPITALITY PPTYS INC | RHP | $4.8M | 37,068 | +0.35pp | 5q | +3.2%+$148.1K | |
| META PLATFORMS INC | META | $4.4M | 7,893 | -0.25pp | 11q | -3.0%-$135.2K | |
| HOME DEPOT INC | HD | $4.4M | 12,340 | -0.02pp | 30q | +2.9%+$123.8K | |
| JPMORGAN CHASE & CO | JPM | $4.3M | 13,219 | -0.01pp | 30q | HELD | |
| JOHNSON & JOHNSON | JNJ | $4.0M | 15,944 | -0.16pp | 11q | -3.8%-$158.2K | |
| CITIGROUP INC | C | $4.0M | 28,690 | +0.07pp | 8q | -4.5%-$187.5K | |
| AAR CORP | AIR | $3.8M | 26,305 | - | new | NEW | |
| EAGLE MATLS INC | EXP | $3.6M | 16,100 | +0.04pp | 30q | -2.1%-$78.5K | |
| TERAWULF INC | WULF | $3.5M | 139,750 | +0.32pp | 6q | -9.1%-$345.8K | |
| MICROSOFT CORP | MSFT | $3.4M | 9,100 | -0.34pp | 30q | -14.7%-$586.4K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $3.4M | 7,079 | +0.21pp | 11q | -2.7%-$94.1K | |
| MILLROSE PPTYS INC | MRP | $3.3M | 110,600 | -0.03pp | 5q | +1.6%+$52.8K | |
| UNITED PARCEL SVCS INC | UPS | $3.2M | 29,915 | -0.02pp | 11q | HELD | |
| APPLIED MATLS INC | AMAT | $3.1M | 4,275 | +0.49pp | 2q | +2.4%+$72.3K | |
| WALMART INC | WMT | $3.1M | 27,254 | -0.26pp | 30q | -2.4%-$76.1K | |
| EXPAND ENERGY CORPORATION | EXE | $3.1M | 33,574 | -0.25pp | 16q | +8.3%+$233.4K | |
| ALPHABET INC | GOOG | $2.7M | 7,620 | +0.10pp | 23q | +2.8%+$74.2K | |
| VIKING HOLDINGS LTD | VIK | $2.5M | 23,850 | +0.49pp | 2q | +91.6%+$1.2M | |
| FRONTVIEW REIT INC | FVR | $2.3M | 114,700 | +0.22pp | 3q | +19.5%+$379.3K | |
| FIRST WATCH RESTAURANT GROUP | FWRG | $2.3M | 177,250 | +0.11pp | 3q | +6.3%+$135.3K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.3M | 2,434 | -0.19pp | 30q | -4.8%-$115.1K | |
| MASTEC INC | MTZ | $2.2M | 5,310 | -0.16pp | 8q | -29.2%-$911.2K | |
| CAPITAL SOUTHWEST CORP | CSWC | $2.2M | 90,468 | -0.02pp | 11q | +0.9%+$18.5K | |
| BROADCOM INC | AVGO | $2.0M | 5,355 | +0.13pp | 8q | +13.1%+$234.2K | |
| POWELL INDS INC | POWL | $2.0M | 6,850 | +0.02pp | 5q | +117.4%+$1.1M | |
| XCEL ENERGY INC | XEL | $1.9M | 23,245 | -0.07pp | 11q | HELD | |
| CLEVELAND-CLIFFS INC NEW | CLF | $1.8M | 189,500 | -0.17pp | 30q | -21.4%-$484.5K | |
| BANK OF AMER CORP | BAC | $1.7M | 30,492 | -0.04pp | 11q | -11.1%-$216.0K | |
| CARPENTER TECHNOLOGY CORP | CRS | $1.6M | 2,660 | +0.10pp | 6q | -12.8%-$240.6K | |
| ETHAN ALLEN INTERIORS INC | ETD | $1.6M | 71,681 | +0.04pp | 23q | +20.4%+$271.6K | |
| SOUTHWEST AIRLS CO | LUV | $1.6M | 30,975 | +0.30pp | 11q | +93.9%+$771.3K | |
| AT&T INC | T | $1.5M | 74,410 | -0.30pp | 11q | -1.5%-$22.7K | |
| MERCK & CO INC | MRK | $1.5M | 11,944 | +0.03pp | 30q | +11.3%+$156.0K | |
| AMERICAN EXPRESS CO | AXP | $1.5M | 4,441 | flat | 18q | HELD | |
| KIRBY CORP | KEX | $1.5M | 11,015 | -0.13pp | 6q | -14.0%-$244.7K | |
| WELLS FARGO & CO | WFC | $1.5M | 18,093 | -0.09pp | 11q | -9.5%-$156.7K | |
| AMGEN INC | AMGN | $1.5M | 4,064 | -0.05pp | 15q | -2.1%-$32.2K | |
| AMERICAN ELEC PWR CO INC | AEP | $1.5M | 10,645 | -0.05pp | 11q | -3.0%-$44.3K | |
| DRAFTKINGS INC NEW | DKNG | $1.4M | 56,840 | -0.30pp | 12q | -41.1%-$1.0M | |
| COMMERCIAL METALS CO | CMC | $1.4M | 22,215 | -0.05pp | 30q | -1.1%-$15.4K | |
| DELL TECHNOLOGIES INC | DELL | $1.4M | 3,159 | +0.24pp | 9q | -9.2%-$138.5K | |
| BANC OF CALIFORNIA INC | BANC | $1.3M | 64,725 | -0.02pp | 10q | -8.2%-$117.5K | |
| TWILIO INC | TWLO | $1.3M | 6,300 | +0.35pp | 2q | +250.0%+$928.5K | |
| GEO GROUP INC | GEO | $1.3M | 43,920 | flat | 5q | -36.0%-$729.9K | |
| KIMBERLY-CLARK CORP | KMB | $1.3M | 11,600 | - | new | NEW | |
| VAIL RESORTS INC | MTN | $1.3M | 9,325 | +0.11pp | 2q | +44.6%+$391.4K | |
| GOLDMAN SACHS GROUP INC | GS | $1.3M | 1,250 | +0.03pp | 24q | HELD | |
| PERMIAN RESOURCES CORP | PR | $1.2M | 64,750 | -0.14pp | 12q | -4.7%-$58.9K | |
| WHIRLPOOL CORP | WHR | $1.1M | 29,157 | -0.72pp | 8q | -47.1%-$1.0M | |
| DUKE ENERGY CORP NEW | DUK | $1.1M | 8,808 | -0.06pp | 11q | HELD | |
| GE AEROSPACE | GE | $1.1M | 2,957 | +0.27pp | 5q | +233.4%+$773.6K | |
| ALPHABET INC | GOOGL | $1.1M | 3,078 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $1.0M | 24,315 | -0.12pp | 11q | -2.0%-$21.2K | |
| PALO ALTO NETWORKS INC | PANW | $1.0M | 3,010 | +0.15pp | 12q | -3.2%-$34.1K | |
| NOVO-NORDISK A S | NVO | $1.0M | 20,967 | - | new | NEW | |
| FEDEX CORP | FDX | $973.8K | 3,110 | -0.09pp | 30q | HELD | |
| TESLA INC | TSLA | $910.6K | 2,165 | -0.04pp | 6q | -12.9%-$134.6K | |
| SCHWAB CHARLES CORP | SCHW | $909.0K | 9,852 | -0.04pp | 22q | HELD | |
| MORGAN STANLEY | MS | $849.1K | 4,062 | -0.03pp | 15q | -19.8%-$209.0K | |
| ABBVIE INC | ABBV | $821.6K | 3,265 | -0.05pp | 30q | -18.9%-$191.7K | |
| IPG PHOTONICS CORP | IPGP | $812.4K | 6,925 | +0.13pp | 2q | +107.3%+$420.6K | |
| COCA COLA CO | KO | $784.9K | 9,658 | -0.02pp | 11q | -2.5%-$20.2K | |
| HEALTHCARE RLTY TR | HR | $774.6K | 38,405 | +0.01pp | 10q | HELD | |
| ATMOS ENERGY CORP | ATO | $769.2K | 4,465 | -0.05pp | 11q | HELD | |
| TRACTOR SUPPLY CO | TSCO | $766.5K | 24,250 | - | new | NEW | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | -0.02pp | 11q | HELD | |
| TRUIST FINL CORP | TFC | $730.9K | 14,671 | -0.01pp | 7q | HELD | |
| VISTRA CORP | VST | $730.2K | 4,603 | flat | 11q | +7.8%+$52.8K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $722.7K | 6,194 | -0.14pp | 7q | -11.4%-$93.3K | |
| ON HLDG AG | ONON | $694.2K | 19,600 | flat | 19q | +5.4%+$35.4K | |
| SIMON PPTY GROUP INC NEW | SPG | $693.3K | 3,100 | +0.02pp | 11q | HELD | |
| NETFLIX INC | NFLX | $659.6K | 9,238 | -0.19pp | 8q | -19.2%-$157.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $651.5K | 1,302 | -0.02pp | 24q | HELD | |
| GILDAN ACTIVEWEAR INC | GIL | $598.6K | 11,600 | flat | 2q | +20.8%+$103.2K | |
| RTX CORPORATION | RTX | $589.9K | 3,109 | -0.04pp | 6q | -6.0%-$37.9K | |
| AMEREN CORP | AEE | $589.7K | 5,217 | -0.02pp | 11q | HELD | |
| BLACKSTONE INC | BX | $569.8K | 4,842 | -0.09pp | 11q | -25.6%-$196.3K | |
| SAILPOINT INC | SAIL | $564.4K | 38,550 | - | new | NEW | |
| SOUTHERN CO | SO | $543.2K | 5,675 | -0.03pp | 11q | -1.0%-$5.7K | |
| INSULET CORP | PODD | $525.3K | 3,450 | - | new | NEW | |
| MATADOR RES CO | MTDR | $523.9K | 10,525 | -0.07pp | 30q | +2.5%+$12.8K | |
| OWENS CORNING NEW | OC | $492.8K | 3,100 | - | new | NEW | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $492.1K | 10,908 | -0.06pp | 9q | -56.2%-$632.4K | |
| TEXAS INSTRS INC | TXN | $480.9K | 1,614 | +0.04pp | 30q | HELD | |
| CULLEN FROST BANKERS INC | CFR | $460.2K | 2,978 | -0.01pp | 11q | -9.2%-$46.4K | |
| VERTIV HOLDINGS CO | VRT | $390.2K | 1,165 | flat | 6q | -13.1%-$58.6K | |
| CLEAR SECURE INC | YOU | $384.5K | 6,900 | +0.01pp | 2q | +3.8%+$13.9K | |
| ULTA BEAUTY INC | ULTA | $360.8K | 800 | - | new | NEW | |
| CECO ENVIRONMENTAL CORP | CECO | $349.3K | 3,850 | - | new | NEW | |
| UNITED RENTALS INC | URI | $339.9K | 300 | +0.03pp | 11q | HELD | |
| UNITED AIRLS HLDGS INC | UAL | $326.4K | 2,400 | - | new | NEW | |
| EATON CORP PLC | ETN | $319.6K | 750 | +0.01pp | 5q | HELD | |
| AMERICAN AIRLINES GROUP INC | AAL | $315.0K | 17,431 | - | new | NEW | |
| RIVIAN AUTOMOTIVE INC | RIVN | $293.2K | 16,900 | - | new | NEW | |
| LOCKHEED MARTIN CORP | LMT | $292.9K | 575 | -0.03pp | 11q | HELD | |
| GENERAC HLDGS INC | GNRC | $292.8K | 1,000 | +0.01pp | 2q | -13.0%-$43.9K | |
| PEPSICO INC | PEP | $282.3K | 2,085 | -0.03pp | 23q | -2.3%-$6.8K | |
| OUTFRONT MEDIA INC | OUT | $278.5K | 8,500 | +0.01pp | 2q | HELD | |
| COMSTOCK RES INC | CRK | $278.3K | 18,650 | - | new | NEW | |
| 3M CO | MMM | $277.2K | 1,712 | -0.15pp | 12q | -61.2%-$436.9K | |
| ORACLE CORP | ORCL | $263.8K | 1,800 | -0.03pp | 11q | -14.3%-$44.0K | |
| HONEYWELL INTL INC | HON | $263.1K | 1,175 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $259.8K | 1,175 | - | new | NEW | |
| UNITEDHEALTH GROUP INC | UNH | $249.4K | 600 | flat | 4q | -29.4%-$103.9K | |
| CONOCOPHILLIPS | COP | $238.9K | 2,298 | -0.04pp | 19q | -2.1%-$5.2K | |
| VISHAY PRECISION GROUP INC | VPG | $236.1K | 1,575 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $212.0K | 1,279 | -0.03pp | 23q | HELD | |
| CAPITAL ONE FINL CORP | COF | $200.6K | 1,000 | - | new | NEW | |
| PROCTER & GAMBLE CO | PG | $200.2K | 1,365 | - | new | NEW | |
| POWERFLEET INC | AIOT | $113.9K | 29,750 | -0.02pp | 6q | -36.0%-$64.0K | |
| SOPHIA GENETICS SA | SOPH | $57.7K | 10,000 | flat | 2q | HELD | |
| STITCH FIX INC | SFIX | $41.1K | 10,000 | flat | 2q | -13.0%-$6.2K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $68.5M | 22.7% |
| Holding & Investment | $25.0M | 8.3% |
| Retail & Consumer | $24.0M | 7.9% |
| Computer Hardware | $22.4M | 7.4% |
| Banks & Lending | $19.2M | 6.4% |
| Software & IT Services | $14.9M | 4.9% |
| Biotech & Pharma | $14.1M | 4.7% |
| Autos & Aerospace | $12.9M | 4.3% |
| Mining & Metals | $12.5M | 4.1% |
| Real Estate | $12.2M | 4.0% |
| Energy | $12.0M | 4.0% |
| Industrials | $10.6M | 3.5% |
| Other sectors | $46.2M | 15.3% |
| Not classified | $8.0M | 2.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $302.6M | 125 | 19 | 27 | 56 | 12 | 45.7% | 34 |
| Q1 2026 | $270.3M | 118 | 16 | 32 | 50 | 5 | 47.8% | 27 |
| Q4 2025 | $268.8M | 107 | 6 | 38 | 44 | 12 | 46.2% | 42 |
| Q3 2025 | $266.9M | 113 | 4 | 40 | 45 | 14 | 47.2% | 36 |
| Q2 2025 | $253.0M | 123 | 17 | 24 | 67 | 6 | 47.5% | 38 |
| Q1 2025 | $239.3M | 112 | 10 | 34 | 40 | 10 | 47.8% | 46 |
| Q4 2024 | $245.4M | 112 | 3 | 36 | 45 | 10 | 47.6% | 24 |
| Q3 2024 | $239.3M | 119 | 12 | 28 | 61 | 10 | 45.4% | 49 |
| Q2 2024 | $227.8M | 117 | 9 | 51 | 35 | 10 | 45.3% | 33 |
| Q1 2024 | $217.4K | 118 | 7 | 39 | 53 | 11 | 43.0% | 16 |
| Q4 2023 | $194.1K | 122 | 54 | 25 | 43 | 69 | 41.8% | 44 |
| Q3 2023 | $436.7K | 137 | 74 | 41 | 22 | 60 | 30.7% | 45 |
| Q2 2023 | $179.3K | 123 | 9 | 40 | 46 | 6 | 39.7% | 38 |
| Q1 2023 | $169.5K | 120 | 8 | 36 | 47 | 4 | 39.6% | 45 |
| Q4 2022 | $165.9K | 116 | 11 | 36 | 54 | 9 | 42.5% | 34 |
| Q3 2022 | $145.5M | 114 | 7 | 37 | 37 | 5 | 43.7% | 21 |
| Q2 2022 | $148.4M | 112 | 2 | 44 | 45 | 11 | 41.2% | 28 |
| Q1 2022 | $177.0M | 121 | 9 | 50 | 47 | 5 | 39.3% | 42 |
| Q4 2021 | $152.5M | 117 | 8 | 31 | 52 | 10 | 34.5% | 38 |
| Q3 2021 | $144.9M | 119 | 12 | 39 | 42 | 7 | 33.6% | 6 |
| Q2 2021 | $152.6M | 114 | 13 | 42 | 42 | 4 | 37.6% | 6 |
| Q1 2021 | $117.6M | 105 | 13 | 21 | 42 | 6 | 30.5% | 56 |
| Q4 2020 | $110.8M | 98 | 21 | 27 | 41 | 6 | 36.4% | 32 |
| Q3 2020 | $88.9M | 83 | 20 | 21 | 40 | 9 | 38.5% | 15 |
| Q1 2020 | $71.7M | 72 | 6 | 22 | 34 | 18 | 45.5% | 34 |
| Q4 2019 | $117.2M | 84 | 8 | 20 | 41 | 9 | 44.3% | 35 |
| Q3 2019 | $112.8M | 85 | 8 | 27 | 39 | 8 | 43.4% | 45 |
| Q2 2019 | $114.3M | 85 | 4 | 23 | 46 | 11 | 43.6% | 53 |
| Q1 2019 | $139.1M | 92 | 6 | 24 | 50 | 12 | 46.3% | 47 |
| Q4 2018 | $120.0M | 98 | 0 | 0 | 0 | 0 | 42.7% | 42 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.