2026 Q1 Portfolio Activity
In 2026 Q1, First Dallas Securities Inc. maintained a portfolio of 123 distinct positions. The most significant new addition was Applied Materials Inc, now representing 0.53% of the total fund value. They heavily accumulated shares in Johnson & Johnson, increasing the position by 44.1%. The fund also reduced its exposure to Microsoft Corp by 34.6%.
Position History
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Total Positions
123
Quarter
2026 Q1
Top Holding
NVDA (13.3%)
Top 10 Concentration
47.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 123
First Dallas Securities Inc. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NVDA
Nvidia Corporat...
|
Technology | 13.33% | 14.20% |
#1
Prev: #1
|
6.5 | 1,919 | 0.9% |
P
S
|
206,615 | $36,033,580 |
$118.54
+49.6%
|
2020 Q1 | 13F Filing | 2026-03-31 | 2026-04-27 | ||
|
TPL
Texas Pacific L...
|
Energy | 10.46% | 6.91% |
#2
Prev: #2
|
6.0 | -5,100 | -7.9% |
P
S
|
59,555 | $28,262,385 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AAPL
Apple Inc
|
Technology | 6.31% | 6.88% |
#3
Prev: #3
|
4.0 | -853 | -1.3% |
P
S
|
67,171 | $17,047,397 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AMZN
Amazon.Com Inc
|
Consumer Cyclical | 3.06% | 3.44% |
#4
Prev: #4
|
2.2 | -310 | -0.8% |
P
S
|
39,696 | $8,267,486 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
XOM
Exxon Mobile Co...
|
Energy | 2.79% | 2.09% |
#5
5
Prev: #10
|
2.1 | -2,234 | -4.8% |
P
S
|
44,390 | $7,531,291 | 2007 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
FCX
Freeport-Mcmora...
|
Basic Materials | 2.71% | 2.51% |
#6
1
Prev: #7
|
1.6 | -7,975 | -6.0% |
P
S
|
124,683 | $7,328,860 | 2010 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
OKE
Oneok Inc
|
Energy | 2.39% | 2.01% |
#7
6
Prev: #13
|
1.5 | -1,994 | -2.7% |
P
S
|
71,619 | $6,473,655 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
BA
Boeing Co
|
Industrials | 2.39% | 2.56% |
#8
2
Prev: #6
|
1.5 | 745 | 2.4% |
P
S
|
32,437 | $6,455,940 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
CAT
Caterpillar Inc
|
Industrials | 2.27% | 2.07% |
#9
3
Prev: #12
|
1.4 | -1,038 | -10.7% |
P
S
|
8,652 | $6,129,531 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
UBER
Uber Technologi...
|
Technology | 2.05% | 2.41% |
#10
2
Prev: #8
|
1.3 | -2,200 | -2.8% |
P
S
|
77,215 | $5,554,075 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
LLY
Eli Lilly & Co
|
Healthcare | 1.83% | 2.30% |
#11
2
Prev: #9
|
1.2 | -361 | -6.3% |
P
S
|
5,392 | $4,959,619 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
META
Meta Platforms ...
|
Communication Services | 1.72% | 2.08% |
#12
1
Prev: #11
|
1.2 | -338 | -4.0% |
P
S
|
8,133 | $4,653,177 | 2013 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 1.50% | 0.89% |
#13
19
Prev: #32
|
3.1 | 5,070 | 44.1% |
P
S
|
16,567 | $4,049,739 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
MSFT
Microsoft Corp
|
Technology | 1.46% | 2.94% |
#14
9
Prev: #5
|
0.6 | -5,650 | -34.6% |
P
S
|
10,672 | $3,950,275 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
HD
Home Depot Inc
|
Consumer Cyclical | 1.46% | 1.44% |
#15
1
Prev: #16
|
2.6 | 775 | 6.9% |
P
S
|
11,989 | $3,943,154 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
JPM
Jpmorgan Chase ...
|
Financial Services | 1.44% | 1.58% |
#16
1
Prev: #15
|
1.1 | 51 | 0.4% |
P
S
|
13,218 | $3,888,252 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
SN
Sharkninja Inc
|
Consumer Cyclical | 1.39% | 1.66% |
#17
3
Prev: #14
|
1.1 | -4,500 | -11.3% |
P
S
|
35,460 | $3,755,214 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
WMT
Wal-Mart Inc
|
Consumer Defensive | 1.28% | 1.17% |
#18
5
Prev: #23
|
1.0 | -324 | -1.1% |
P
S
|
27,926 | $3,470,701 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
C
Citigroup Inc N...
|
Financial Services | 1.26% | 1.14% |
#19
6
Prev: #25
|
2.5 | 3,886 | 14.9% |
P
S
|
30,030 | $3,405,686 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
EXE
Expand Energy C...
|
Energy | 1.26% | 1.14% |
#20
4
Prev: #24
|
2.5 | 3,320 | 12.0% |
P
S
|
31,014 | $3,404,686 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
RHP
Ryman Hospitali...
|
Real Estate | 1.23% | 1.07% |
#21
6
Prev: #27
|
2.5 | 5,576 | 18.4% |
P
S
|
35,916 | $3,313,953 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
EXP
Eagle Materials...
|
Basic Materials | 1.15% | 1.21% |
#22
1
Prev: #21
|
1.0 | 751 | 4.8% |
P
S
|
16,449 | $3,116,266 | 2013 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
MRP
Millrose Proper...
|
Real Estate | 1.13% | 1.25% |
#23
3
Prev: #20
|
1.0 | -3,545 | -3.2% |
P
S
|
108,844 | $3,047,642 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
WHR
Whirlpool Corp
|
Consumer Cyclical | 1.10% | 1.02% |
#24
5
Prev: #29
|
2.9 | 17,008 | 44.6% |
P
S
|
55,112 | $2,971,660 | 2015 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
UPS
United Parcel S...
|
Industrials | 1.09% | 0.58% |
#25
19
Prev: #44
|
3.4 | 14,251 | 91.5% |
P
S
|
29,834 | $2,935,110 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
MU
Micron Technolo...
|
Technology | 0.99% | 1.37% |
#26
7
Prev: #19
|
0.4 | -4,931 | -38.3% |
P
S
|
7,945 | $2,684,139 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
COST
Costco Wholesal...
|
Consumer Defensive | 0.94% | 0.80% |
#27
7
Prev: #34
|
0.9 | 55 | 2.2% |
P
S
|
2,557 | $2,547,739 | 2008 Q1 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
TSM
Taiwan Semicond...
|
Technology | 0.91% | 1.03% |
#28
Prev: #28
|
0.4 | -1,847 | -20.2% |
P
S
|
7,276 | $2,458,829 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
MTZ
Mastec Inc
|
Industrials | 0.89% | 0.68% |
#29
11
Prev: #40
|
0.9 | -850 | -10.2% |
P
S
|
7,500 | $2,413,050 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
WULF
Terawulf Inc
|
Financial Services | 0.82% | 0.77% |
#30
5
Prev: #35
|
0.8 | -26,250 | -14.6% |
P
S
|
153,750 | $2,218,612 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
T
At&T Inc
|
Communication Services | 0.81% | 0.70% |
#31
7
Prev: #38
|
0.8 | -588 | -0.8% |
P
S
|
75,505 | $2,188,876 | 2009 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
GOOG
Alphabet Inc Ca...
|
Communication Services | 0.79% | 0.83% |
#32
1
Prev: #33
|
0.8 | 265 | 3.7% |
P
S
|
7,410 | $2,125,633 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
DKNG
Draftkings Inc ...
|
Consumer Cyclical | 0.77% | 1.43% |
#33
16
Prev: #17
|
0.8 | -14,903 | -13.4% |
P
S
|
96,490 | $2,086,114 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
CLF
Cleveland-Cliff...
|
Basic Materials | 0.75% | 1.20% |
#34
12
Prev: #22
|
0.8 | -2,700 | -1.1% |
P
S
|
241,100 | $2,037,292 | 2013 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
CSWC
Capital Southwe...
|
Financial Services | 0.73% | 0.74% |
#35
1
Prev: #36
|
0.8 | -220 | -0.2% |
P
S
|
89,691 | $1,983,960 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
XEL
Xcel Energy Inc...
|
Utilities | 0.68% | 0.65% |
#36
6
Prev: #42
|
0.8 | -496 | -2.1% |
P
S
|
23,240 | $1,846,201 | 2009 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
FWRG
First Watch Res...
|
Consumer Cyclical | 0.65% | 0.22% |
#37
40
Prev: #77
|
3.3 | 127,750 | 327.6% |
P
S
|
166,750 | $1,747,540 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
POWL
Powell Industri...
|
Industrials | 0.63% | 0.40% |
#38
16
Prev: #54
|
0.8 | -250 | -7.4% |
P
S
|
3,151 | $1,704,772 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
KEX
Kirby Corp
|
Industrials | 0.63% | 1.07% |
#39
13
Prev: #26
|
0.3 | -13,375 | -51.1% |
P
S
|
12,815 | $1,702,857 | 2011 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
BAC
Bank Of America...
|
Financial Services | 0.62% | 0.74% |
#40
3
Prev: #37
|
0.7 | -1,787 | -5.0% |
P
S
|
34,283 | $1,671,288 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
WFC
Wells Fargo Co
|
Financial Services | 0.59% | 0.69% |
#41
2
Prev: #39
|
0.7 | 203 | 1.0% |
P
S
|
19,989 | $1,591,358 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
FVR
Frontview Reit ...
|
Real Estate | 0.55% | 0.12% |
#42
56
Prev: #98
|
3.2 | 74,350 | 344.2% |
P
S
|
95,950 | $1,484,346 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AVGO
Broadcom Inc
|
Technology | 0.54% | 0.18% |
#43
42
Prev: #85
|
3.2 | 3,365 | 245.6% |
P
S
|
4,735 | $1,465,530 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AMGN
Amgen Inc
|
Healthcare | 0.54% | 0.49% |
#44
4
Prev: #48
|
0.7 | 100 | 2.5% |
P
S
|
4,153 | $1,461,306 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
PR
Permian Resourc...
|
Energy | 0.54% | 0.39% |
#45
10
Prev: #55
|
0.7 | -6,680 | -9.0% |
P
S
|
67,950 | $1,448,694 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AEP
American Electr...
|
Utilities | 0.53% | 0.47% |
#46
3
Prev: #49
|
0.7 | 46 | 0.4% |
P
S
|
10,969 | $1,437,792 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AMAT
Applied Materia...
|
Technology | 0.53% | — |
#47
Prev: #—
|
3.7 | 4,175 | — |
NEW
|
4,175 | $1,426,973 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
CMC
Commercial Meta...
|
Industrials | 0.51% | 0.60% |
#48
5
Prev: #43
|
0.7 | -922 | -3.9% |
P
S
|
22,460 | $1,379,738 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
AXP
American Expres...
|
Financial Services | 0.50% | 0.66% |
#49
8
Prev: #41
|
0.7 | -359 | -7.5% |
P
S
|
4,440 | $1,343,012 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 | |||
|
ETD
Ethan Allen Int...
|
Consumer Cyclical | 0.49% | 0.37% |
#50
8
Prev: #58
|
2.7 | 15,459 | 35.1% |
P
S
|
59,525 | $1,325,028 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-04-27 |
Showing 1-50 of 123 holdings