SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Concorde Financial Corp

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

Reported Value
$181M
Q1 2025
Positions
34
Filings on Record
18
2019–present window
Filed
May 14, 2025
original filing

Summary

Concorde Financial Corp reported $181M in U.S.-listed holdings across 34 positions for Q1 2025.

Its largest position, Sprott Physical Gold Tr, represents 11.2% of the portfolio.

Compared with Q4 2024, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+53.1%
share of reported value
Largest Position
+11.2%
Sprott Physical Gold Tr

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: 66.8%Closed-End Fund: 11.2%MLP: 9.9%Other: 4.9%ETP: 4.9%Other: 2.3%
  • Common Stock · 66.8% · $121M
  • Closed-End Fund · 11.2% · $20M
  • MLP · 9.9% · $18M
  • Other · 4.9% · $9M
  • ETP · 4.9% · $9M
  • Other · 2.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BUNGE GLOBAL SAADDED+29.1K44.5K+$2M$3M
VANGUARD INDEX FDSSOLD OUT−7490−$403,569$0
SPDR SER TRSOLD OUT−2.6K0−$202,903$0
FANGDIAMONDBACK ENERGY INCADDED+7.3K34.9K+$1M$6M
BSMBLACK STONE MINERALS L PADDED+120.2K603.4K+$2M$9M
J P MORGAN EXCHANGE TRADED FTRIMMED−6.2K105.5K−$305,477$5M
OXYOCCIDENTAL PETE CORPADDED+5.8K114.7K+$256,569$6M
HSYHERSHEY COADDED+83817.4K+$171,104$3M

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

Holdings — Q1 2025

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPROTT PHYSICAL GOLD TRUNIT11.19%$20M843.3K
2TPLTEXAS PACIFIC LAND CORPORATIhistory →COM10.37%$19M14.2K
3BSMBLACK STONE MINERALS L Phistory →COM UNIT5.08%$9M603.4K
4EXEEXPAND ENERGY CORPORATIONhistory →COM4.45%$8M72.4K
5J P MORGAN EXCHANGE TRADED FULTRA SHRT ETF · NASDAQ EQT PREM4.23%$8M150.5K
6JPMJPMORGAN CHASE & CO.history →COM4.12%$7M30.5K
7ETENERGY TRANSFER L Phistory →COM UT LTD PTN3.97%$7M387.6K
8EXMOCEXXON MOBIL CORPhistory →COM3.87%$7M59.1K
9ABBVABBVIE INChistory →COM3.79%$7M32.8K
10FNVFRANCO NEV CORPhistory →COM3.17%$6M36.5K
11OXYOCCIDENTAL PETE CORPhistory →COM3.12%$6M114.7K
12AMZNAMAZON COM INChistory →COM3.12%$6M29.7K
13MSFTMICROSOFT CORPhistory →COM3.10%$6M15.0K
14FANGDIAMONDBACK ENERGY INChistory →COM3.08%$6M34.9K
15CHUBB LIMITEDCOM3.06%$6M18.4K
16TJXTJX COS INC NEWhistory →COM2.88%$5M42.9K
17JNJJOHNSON & JOHNSONhistory →COM2.69%$5M29.4K
18FIRST INDL RLTY TR INCCOM2.28%$4M76.5K
19HHHHOWARD HUGHES HOLDINGS INChistory →COM2.21%$4M54.1K
20NOCNORTHROP GRUMMAN CORPhistory →COM2.05%$4M7.3K
21WBDWARNER BROS DISCOVERY INChistory →COM SER A1.93%$3M325.5K
22TXNTEXAS INSTRS INChistory →COM1.89%$3M19.1K
23BUNGE GLOBAL SACOM SHS1.88%$3M44.5K
24LOWLOWES COS INChistory →COM1.78%$3M13.9K
25LPXLOUISIANA PAC CORPhistory →COM1.78%$3M35.0K
26HSYHERSHEY COhistory →COM1.64%$3M17.4K
27HUBBHUBBELL INChistory →COM1.60%$3M8.8K
28MLMMARTIN MARIETTA MATLS INChistory →COM1.59%$3M6.0K
29CPCANADIAN PACIFIC KANSAS CITYhistory →COM1.54%$3M39.8K
30EMNEASTMAN CHEM COhistory →COM1.09%$2M22.4K
31DMLPDORCHESTER MINERALS LPCOM UNIT0.82%$1M49.2K
32PIMCO ETF TRENHAN SHRT MA AC0.40%$725,2697.2K
33SPDR SER TRS&P OILGAS EXP0.25%$455,9803.5K

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 ↗.