SEC 13F Intelligence

Managers / Q2 2019 · view latest →

First Dallas Securities Inc.

CIK 0001378559 · 2905 MAPLE AVE., DALLAS, TX, 75201 · 214-954-1177

Reported Value
$114M
Q2 2019
Positions
85
Filings on Record
29
2019–present window
Filed
Aug 22, 2019
original filing

Summary

First Dallas Securities Inc. reported $114M in U.S.-listed holdings across 85 positions for Q2 2019.

Its largest position, TPLUSD, represents 14.4% of the portfolio.

Compared with Q1 2019, the fund opened 37 new positions and exited 44.

Portfolio Metrics

Turnover
+37.0%
vs prior filed quarter
Top-10 Concentration
+43.6%
share of reported value
Largest Position
+14.4%
Texas Pac Ld Tr
New / Exited
37 / 44
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $120MQ4 ’18Q1 ’19: $139MQ2 ’19: $114MQ3 ’19: $113MQ4 ’19: $117MQ4 ’19Q1 ’20: $72MQ3 ’20: $89MQ4 ’20: $111MQ1 ’21: $118MQ1 ’21Q2 ’21: $153MQ3 ’21: $145MQ4 ’21: $152MQ1 ’22: $177MQ1 ’22Q2 ’22: $148MQ3 ’22: $146MQ1 ’23: $169,518Q2 ’23: $179,257Q2 ’23Q3 ’23: $436,721Q4 ’23: $194,086Q1 ’24: $217,394Q3 ’24: $239MQ3 ’24Q4 ’24: $245MQ1 ’25: $239MQ2 ’25: $253MQ3 ’25: $267MQ3 ’25Q4 ’25: $269MQ1 ’26: $270Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 78.0%Royalty Trst: 14.4%REIT: 3.0%Unit: 2.1%Other: 1.4%Other: 1.0%
  • Common Stock · 78.0% · $89M
  • Royalty Trst · 14.4% · $16M
  • REIT · 3.0% · $3M
  • Unit · 2.1% · $2M
  • Other · 1.4% · $2M
  • Other · 1.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MRKMERCK & CO INCNEW+36.7K36.7K+$3M$3M
GEGGEO GROUP INC NEWNEW+145.0K145.0K+$3M$3M
RHPRYMAN HOSPITALITY PPNEW+36.4K36.4K+$3M$3M
XELXCEL ENERGY INCNEW+48.8K48.8K+$3M$3M
TAT&T INCNEW+82.6K82.6K+$3M$3M
EXMOCEXXON MOBIL CORPNEW+33.1K33.1K+$3M$3M
0E41ENLINK MIDSTREAM LLCNEW+241.3K241.3K+$2M$2M
EXPEAGLE MATERIALS INCNEW+25.7K25.7K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TPLUSDTEXAS PAC LD TRhistory →COM14.43%$16M21.0K
2BABOEING COhistory →COM5.56%$6M17.5K
3CMCCOMMERCIAL METALS COhistory →COM4.77%$5M305.7K
4JNJJOHNSON & JOHNSONhistory →COM3.18%$4M26.1K
5IPINTL PAPER COhistory →COM2.80%$3M74.0K
6MRKMERCK & CO INChistory →COM2.69%$3M36.7K
7GEGGEO GROUP INC NEWhistory →COM2.66%$3M145.0K
8RHPRYMAN HOSPITALITY PPhistory →COM2.58%$3M36.4K
9XELXCEL ENERGY INChistory →COM2.54%$3M48.8K
10TAT&T INChistory →COM2.42%$3M82.6K
11OKEONEOK INC NEWhistory →COM2.40%$3M39.9K
12BACBANK AMER CORPhistory →COM2.38%$3M93.7K
13EXMOCEXXON MOBIL CORPhistory →COM2.22%$3M33.1K
140E41ENLINK MIDSTREAM LLChistory →LTP2.13%$2M241.3K
15EXPEAGLE MATERIALS INChistory →COM2.09%$2M25.7K
16BACVERIZON COMMUNICATIOhistory →COM2.06%$2M41.3K
17LUVSOUTHWEST AIRLS COhistory →COM1.97%$2M44.4K
18ATOATMOS ENERGY CORPhistory →COM1.71%$2M18.6K
19AALAMERICAN AIRLS GROUPhistory →COM1.71%$2M59.9K
20TFINTRIUMPH BANCORP INChistory →COM1.63%$2M64.1K
21USX1UNITED STATES STL COhistory →COM1.39%$2M103.8K
22USCRU S CONCRETE INChistory →COM1.36%$2M31.4K
23WMTWALMART INChistory →COM1.25%$1M12.9K
24ABBVABBVIE INChistory →COM1.24%$1M19.5K
25DUKDUKE ENERGY CORP NEWhistory →COM1.24%$1M16.0K
26HDHOME DEPOT INChistory →COM1.15%$1M6.3K
27HPHELMERICH & PAYNE INhistory →COM1.13%$1M25.5K
28INTCINTEL CORPhistory →COM1.11%$1M26.4K
29CNKCINEMARK HOLDINGS INhistory →COM1.00%$1M31.8K
30FDXFEDEX CORPCOM0.93%$1M6.5K
31JPMJPMORGAN CHASE & COCOM0.91%$1M9.3K
32DALDELTA AIR LINES INCCOM0.89%$1M18.0K
33CSCOCISCO SYS INCCOM0.86%$981,00017.9K
34CVSCVS HEALTH CORPCOM0.86%$981,00018.0K
35MTDRMATADOR RES COCOM0.86%$979,00049.2K
36AMATAPPLIED MATLS INCCOM0.85%$977,00021.8K
37SLBSCHLUMBERGER LTDCOM0.85%$971,00024.4K
38DOWDOW INCCOM0.85%$967,00019.6K
39GMGENERAL MTRS COCOM0.76%$865,00022.5K
40CATCATERPILLAR INC DELCOM0.66%$760,0005.6K
41NXP SEMICONDUCTORS NCOM0.66%$749,0007.7K
42SOSOUTHERN COCOM0.65%$744,00013.5K
43AEEAMEREN CORPCOM0.64%$729,0009.7K
44CLFCLEVELAND CLIFFS INCCOM0.63%$721,00067.6K
45MSFTMICROSOFT CORPCOM0.63%$717,0005.4K
46PGPROCTER AND GAMBLE CCOM0.61%$702,0006.4K
47NORWEGIAN CRUISE LINCOM0.59%$675,00012.6K
48DISDISNEY WALT COCOM0.54%$622,0004.5K
49TRVCCITIGROUP INCCOM0.53%$605,0008.6K
50MUMICRON TECHNOLOGY INCOM0.52%$600,00015.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$270M118Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$269M107Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$267M113Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$253M123Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$239M113May 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$245M112Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$239M119Nov 18, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review117Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$217,394118Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$194,086122Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$436,721137Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$179,257123Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$169,518120May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review116Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$146M114Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$148M112Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$177M121May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$152M117Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$145M119Oct 6, 202113F-HRchanges · EDGAR ↗
Q2 2021$153M114Jul 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$118M105May 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$111M98Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$89M83Oct 15, 202013F-HRchanges · EDGAR ↗
Q1 2020$72M72May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$117M84Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$113M85Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$114M85Aug 22, 201913F-HRchanges · EDGAR ↗
Q1 2019$139M92May 17, 201913F-HRchanges · EDGAR ↗
Q4 2018$120M98Feb 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.