SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Concorde Financial Corp

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

Reported Value
$59M
Q3 2023
Positions
29
Filings on Record
18
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Concorde Financial Corp reported $59M in U.S.-listed holdings across 29 positions for Q3 2023.

The portfolio is heavily concentrated: TPL alone accounts for 23.5% of reported value.

Compared with Q2 2023, the fund opened 1 new position and exited 7.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+79.7%
share of reported value
Largest Position
+23.5%
Texas Pacific Land Corporati
New / Exited
1 / 7
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: 57.7%Closed-End Fund: 21.0%MLP: 16.6%ETP: 2.7%REIT: 1.0%Other: 1.0%
  • Common Stock · 57.7% · $34M
  • Closed-End Fund · 21.0% · $12M
  • MLP · 16.6% · $10M
  • ETP · 2.7% · $2M
  • REIT · 1.0% · $574,920
  • Other · 1.0% · $564,408

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HHHHOWARD HUGHES HOLDINGS INCNEW+41.3K41.3K+$3M$3M
MPTMEDICAL PPTYS TRUST INCSOLD OUT−383.6K0−$4M$0
HHC*HOWARD HUGHES CORPSOLD OUT−41.4K0−$3M$0
BUNGE LIMITEDSOLD OUT−34.5K0−$3M$0
MRNAMODERNA INCSOLD OUT−21.3K0−$3M$0
LUMNLUMEN TECHNOLOGIES INCSOLD OUT−649.6K0−$1M$0
SPDR SER TRSOLD OUT−3.5K0−$446,009$0
SPDR SER TRSOLD OUT−2.6K0−$200,975$0

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

Holdings — Q3 2023

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TPLTEXAS PACIFIC LAND CORPORATIhistory →COM23.49%$14M7.6K
2SPROTT PHYSICAL GOLD TRUNIT21.00%$12M859.5K
3BSMBLACK STONE MINERALS L Phistory →COM UNIT10.90%$6M370.9K
4FNVFRANCO NEV CORPhistory →COM7.81%$5M34.3K
5HHHHOWARD HUGHES HOLDINGS INChistory →COM5.23%$3M41.3K
6DMLPDORCHESTER MINERALS LPhistory →COM UNIT3.88%$2M78.4K
7EXMOCEXXON MOBIL CORPhistory →COM1.97%$1M9.8K
8PXDEURPIONEER NAT RES COhistory →COM1.86%$1M4.8K
9ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.80%$1M75.0K
10MSFTMICROSOFT CORPhistory →COM1.72%$1M3.2K
11J P MORGAN EXCHANGE TRADED FULTRA SHRT INC1.71%$1M20.0K
12ABBVABBVIE INChistory →COM1.70%$998,7026.7K
13JPMJPMORGAN CHASE & COhistory →COM1.48%$870,1206.0K
14JNJJOHNSON & JOHNSONhistory →COM1.28%$747,6004.8K
15AMZNAMAZON COM INChistory →COM1.13%$661,0245.2K
16LOWLOWES COS INChistory →COM1.06%$623,5203.0K
17TJXTJX COS INC NEWhistory →COM1.06%$622,1607.0K
18PIMCO ETF TRENHAN SHRT MA AC1.03%$600,8406.0K
19FIRST INDL RLTY TR INCCOM0.98%$574,92012.0K
20CHUBB LIMITEDCOM0.96%$564,4082.7K
21CPCANADIAN PACIFIC KANSAS CITYCOM0.95%$559,1057.5K
22LPXLOUISIANA PAC CORPCOM0.95%$558,22710.1K
23HSYHERSHEY COCOM0.95%$558,2232.8K
24WBDWARNER BROS DISCOVERY INCCOM SER A0.93%$545,71550.3K
25NOCNORTHROP GRUMMAN CORPCOM0.90%$528,2281.2K
26TXNTEXAS INSTRS INCCOM0.87%$508,8323.2K
27HUBBHUBBELL INCCOM0.86%$501,4561.6K
28MLMMARTIN MARIETTA MATLS INCCOM0.77%$451,5281.1K
29DWDPEURDUPONT DE NEMOURS INCCOM0.76%$447,5406.0K

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 ↗.