Managers / Q4 2025 · view latest →
Concorde Financial Corp
CIK 0001911822 · 8383 PRESTON CENTER PLAZA DRIVE, SUITE 360, DALLAS, TX, 75225 · 972-701-5400
Summary
Concorde Financial Corp reported $129M in U.S.-listed holdings across 27 positions for Q4 2025.
Its largest position, JPM, represents 7.1% of the portfolio.
Compared with Q3 2025, the fund opened 1 new position and exited 10.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 88.2% · $114M
- MLP · 5.7% · $7M
- REIT · 3.5% · $4M
- ETP · 2.6% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XESSPDR SERIES TRUST | NEW | +2.6K | 2.6K | +$260,159 | $260,159 |
| SIISPROTT ASSET MANAGEMENT LP | SOLD OUT | −616.7K | 0 | −$18M | $0 |
| TPLTEXAS PACIFIC LAND CORPORATI | SOLD OUT | −14.1K | 0 | −$13M | $0 |
| BSMBLACK STONE MINERALS L P | SOLD OUT | −656.7K | 0 | −$9M | $0 |
| JPSTJ P MORGAN EXCHANGE TRADED F | SOLD OUT | −138.1K | 0 | −$7M | $0 |
| FNVFRANCO NEV CORP | SOLD OUT | −21.8K | 0 | −$5M | $0 |
| HHHHOWARD HUGHES HOLDINGS INC | SOLD OUT | −52.0K | 0 | −$4M | $0 |
| NUSHARES ETF TR | SOLD OUT | −72.5K | 0 | −$2M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $127M | 26 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $129M | 27 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $180M | 36 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $169M | 55 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $181M | 34 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $168M | 36 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $170M | 39 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $152M | 40 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $110M | 37 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $146M | 36 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $59M | 29 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $153M | 35 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $137M | 33 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $148M | 58 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $148M | 58 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $90M | 37 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $163M | 60 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $159M | 134 | Feb 17, 2022 | 13F-HR | changes · 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 ↗.