SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Concorde Financial Corp

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

Reported Value
$180M
Q3 2025
Positions
36
Filings on Record
18
2019–present window
Filed
Nov 14, 2025
original filing

Summary

Concorde Financial Corp reported $180M in U.S.-listed holdings across 36 positions for Q3 2025.

Its largest position, Sprott Asset Management, represents 10.1% of the portfolio.

Compared with Q2 2025, the fund opened 1 new position and exited 20.

Portfolio Metrics

Turnover
+2.9%
vs prior filed quarter
Top-10 Concentration
+50.6%
share of reported value
Largest Position
+10.1%
Sprott Asset Management
New / Exited
1 / 20
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: 66.4%Closed-End Fund: 10.1%MLP: 9.2%ETP: 7.2%Other: 4.8%Other: 2.2%
  • Common Stock · 66.4% · $120M
  • Closed-End Fund · 10.1% · $18M
  • MLP · 9.2% · $17M
  • ETP · 7.2% · $13M
  • Other · 4.8% · $9M
  • Other · 2.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NPFINUSHARES ETF TRNEW+72.5K72.5K+$2M$2M
SPDR SERIES TRUSTSOLD OUT−2.6K0−$163,104$0
TEXAS CAPITAL FUNDS TRUSTSOLD OUT−3.0K0−$103,674$0
SEGSEAPORT ENTMT GROUP INCSOLD OUT−5.0K0−$92,318$0
USBUS BANCORP DELSOLD OUT−1.0K0−$45,793$0
NVDANVIDIA CORPORATIONSOLD OUT−1500−$23,699$0
CTVACORTEVA INCSOLD OUT−2920−$21,763$0
MGMMGM RESORTS INTERNATIONALSOLD OUT−5500−$18,915$0

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

Holdings — Q3 2025

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPROTT ASSET MANAGEMENT LPPHYSICAL GOLD TR10.12%$18M616.7K
2TPLTEXAS PACIFIC LAND CORPORATIhistory →COM7.31%$13M14.1K
3J P MORGAN EXCHANGE TRADED FULTRA SHRT ETF · NASDAQ EQT PREM5.33%$10M183.4K
4JPMJPMORGAN CHASE & CO.history →COM5.20%$9M29.7K
5BSMBLACK STONE MINERALS L Phistory →COM UNIT4.78%$9M656.7K
6EXEEXPAND ENERGY CORPORATIONhistory →COM4.11%$7M69.8K
7ABBVABBVIE INChistory →COM4.08%$7M31.8K
8ETENERGY TRANSFER L Phistory →COM UT LTD PTN3.87%$7M406.5K
9EXMOCEXXON MOBIL CORPhistory →COM3.74%$7M59.8K
10AMZNAMAZON COM INChistory →COM3.53%$6M29.0K
11MSFTMICROSOFT CORPhistory →COM3.50%$6M12.2K
12TJXTJX COS INC NEWhistory →COM3.22%$6M40.1K
13JNJJOHNSON & JOHNSONhistory →COM3.01%$5M29.3K
14OXYOCCIDENTAL PETE CORPhistory →COM2.87%$5M109.7K
15CHUBB LIMITEDCOM2.86%$5M18.3K
16WBDWARNER BROS DISCOVERY INChistory →COM SER A2.70%$5M249.1K
17FNVFRANCO NEV CORPhistory →COM2.69%$5M21.8K
18FANGDIAMONDBACK ENERGY INChistory →COM2.44%$4M30.8K
19HHHHOWARD HUGHES HOLDINGS INChistory →COM2.37%$4M52.0K
20FIRST INDL RLTY TR INCCOM2.23%$4M78.0K
21HUBBHUBBELL INChistory →COM2.10%$4M8.8K
22MLMMARTIN MARIETTA MATLS INChistory →COM2.10%$4M6.0K
23BUNGE GLOBAL SACOM SHS1.95%$4M43.3K
24LOWLOWES COS INChistory →COM1.91%$3M13.7K
25HSYHERSHEY COhistory →COM1.81%$3M17.5K
26LPXLOUISIANA PAC CORPhistory →COM1.73%$3M35.2K
27CPCANADIAN PACIFIC KANSAS CITYhistory →COM1.64%$3M39.7K
28CSCOCISCO SYS INChistory →COM1.34%$2M35.4K
29BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.29%$2M4.6K
30NOCNORTHROP GRUMMAN CORPhistory →COM1.09%$2M3.2K
31NPFINUSHARES ETF TRhistory →NUVEEN PFD & INC1.06%$2M72.5K
32EMNEASTMAN CHEM COCOM0.65%$1M18.7K
33DMLPDORCHESTER MINERALS LPCOM UNIT0.59%$1M41.1K
34PIMCO ETF TRENHAN SHRT MA AC0.52%$929,6719.2K
35SPDR SERIES TRUSTS&P OILGAS EXP0.25%$457,6763.5K

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 ↗.