SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Concorde Financial Corp

CIK 0001911822 · 8383 PRESTON CENTER PLAZA DRIVE, SUITE 360, DALLAS, TX, 75225 · 972-701-5400

Reported Value
$137M
Q1 2023
Positions
33
Filings on Record
18
2019–present window
Filed
May 10, 2023
original filing

Summary

Concorde Financial Corp reported $137M in U.S.-listed holdings across 33 positions for Q1 2023.

Its largest position, Sprott Physical Gold Tr, represents 8.7% of the portfolio.

Compared with Q4 2022, the fund opened 1 new position and exited 26.

Portfolio Metrics

Turnover
+16.0%
vs prior filed quarter
Top-10 Concentration
+52.1%
share of reported value
Largest Position
+8.7%
Sprott Physical Gold Tr
New / Exited
1 / 26
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 ’21: $159MQ4 ’21Q1 ’22: $163MQ2 ’22: $90MQ3 ’22: $148MQ3 ’22Q4 ’22: $148MQ1 ’23: $137MQ2 ’23: $153MQ2 ’23Q3 ’23: $59MQ4 ’23: $146MQ1 ’24: $110MQ1 ’24Q2 ’24: $152MQ3 ’24: $170MQ4 ’24: $168MQ4 ’24Q1 ’25: $181MQ2 ’25: $169MQ3 ’25: $180MQ3 ’25Q4 ’25: $129MQ1 ’26: $127Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 64.9%Closed-End Fund: 8.7%ETP: 8.5%MLP: 7.8%REIT: 5.2%Other: 4.9%
  • Common Stock · 64.9% · $89M
  • Closed-End Fund · 8.7% · $12M
  • ETP · 8.5% · $12M
  • MLP · 7.8% · $11M
  • REIT · 5.2% · $7M
  • Other · 4.9% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ETENERGY TRANSFER L PNEW+269.1K269.1K+$3M$3M
BSMBLACK STONE MINERALS L PADDED+246.8K315.5K+$4M$5M
SLBSCHLUMBERGER LTDSOLD OUT−106.3K0−$4M$0
KMIKINDER MORGAN INC DELSOLD OUT−194.0K0−$3M$0
FBINFORTUNE BRANDS HOME & SEC INSOLD OUT−55.7K0−$3M$0
EHCENCOMPASS HEALTH CORPSOLD OUT−58.8K0−$3M$0
CMCSACOMCAST CORP NEWSOLD OUT−90.7K0−$3M$0
CANADIAN PAC RY LTDSOLD OUT−34.2K0−$2M$0

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

Holdings — Q1 2023

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPROTT PHYSICAL GOLD TRUNIT8.70%$12M772.2K
2TPLTEXAS PACIFIC LAND CORPORATIhistory →COM8.18%$11M6.6K
3J P MORGAN EXCHANGE TRADED FULTRA SHRT INC5.95%$8M162.2K
4ABBVABBVIE INChistory →COM4.80%$7M41.3K
5EXMOCEXXON MOBIL CORPhistory →COM4.69%$6M58.7K
6JPMJPMORGAN CHASE & COhistory →COM4.44%$6M46.8K
7PXDEURPIONEER NAT RES COhistory →COM4.25%$6M28.6K
8MSFTMICROSOFT CORPhistory →COM4.10%$6M19.5K
9BSMBLACK STONE MINERALS L Phistory →COM UNIT3.61%$5M315.5K
10FNVFRANCO NEV CORPhistory →COM3.40%$5M32.0K
11FIRST INDL RLTY TR INCCOM3.38%$5M86.7K
12TJXTJX COS INC NEWhistory →COM3.13%$4M54.8K
13LOWLOWES COS INChistory →COM2.99%$4M20.5K
14JNJJOHNSON & JOHNSONhistory →COM2.94%$4M26.0K
15WBDWARNER BROS DISCOVERY INChistory →COM SER A2.68%$4M243.9K
16ETENERGY TRANSFER L Phistory →COM UT LTD PTN2.45%$3M269.1K
17HUBBHUBBELL INChistory →COM2.44%$3M13.8K
18CHUBB LIMITEDCOM2.44%$3M17.2K
19BUNGE LIMITEDCOM2.43%$3M34.9K
20MRNAMODERNA INChistory →COM2.41%$3M21.5K
21PIMCO ETF TRENHAN SHRT MA AC2.22%$3M30.7K
22LPXLOUISIANA PAC CORPhistory →COM2.20%$3M55.8K
23AMZNAMAZON COM INChistory →COM2.18%$3M28.9K
24TXNTEXAS INSTRS INChistory →COM2.08%$3M15.4K
25MLMMARTIN MARIETTA MATLS INChistory →COM1.84%$3M7.1K
26MPTMEDICAL PPTYS TRUST INChistory →COM1.83%$3M296.6K
27DMLPDORCHESTER MINERALS LPhistory →COM UNIT1.79%$2M80.9K
28DWDPEURDUPONT DE NEMOURS INChistory →COM1.73%$2M33.1K
29HSYHERSHEY COhistory →COM1.70%$2M9.2K
30NOCNORTHROP GRUMMAN CORPhistory →COM1.60%$2M4.8K
31LUMNLUMEN TECHNOLOGIES INCCOM0.78%$1M405.4K
32SPDR SER TRS&P OILGAS EXP0.32%$441,7173.5K
33HHC*HOWARD HUGHES CORPCOM0.31%$428,0005.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$127M26May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$129M27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$180M36Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$169M55Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$181M34May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$168M36Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$170M39Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$152M40Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$110M37May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$146M36Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$59M29Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$153M35Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$137M33May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$148M58Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$148M58Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$90M37Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$163M60May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$159M134Feb 17, 202213F-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 ↗.