Q2 2026 13F · SEC CIK 1378559
First Dallas Securities Inc.
Wealth managerFiled 2026-08-03 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $302.6M
- Reported positions
- 125
- Top holdings a year, 3 yrs
- +29.9%
- Assets under management
- $335.7M
First Dallas Securities Inc. is a wealth manager that reported 125 positions worth $302.6M in its Q2 2026 13F, filed 2026-08-03. Its largest holdings were Nvidia Corporation (NVDA, 13.8%), Texas Pacific Land Corporati (TPL, 8.3%), Apple Inc (AAPL, 6.4%). A portfolio copying its top holdings returned 29.9% a year over the last 3 years, against 20.4% for the S&P 500.
First Dallas Securities Inc. holdings largest 50 of 125 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What First Dallas Securities Inc. bought and sold in Q2 2026, against Q1 2026.
New positions
Q1 2026's filing was too long to tell new positions apart.
Added to
- POWL Powell Inds Inc+117.4% shares
- ETD Ethan Allen Interiors Inc+20.4% shares
- FVR Frontview REIT Inc+19.5% shares
- AVGO Broadcom Inc+13.1% shares
- AMZN Amazon Com Inc+8.6% shares
- EXE Expand Energy Corporation+8.3% shares
- FWRG First Watch Restaurant Group+6.3% shares
Reduced
- MTZ MasTec Inc-29.2% shares
- MU Micron Technology Inc-28.3% shares
- CLF Cleveland-Cliffs Inc New-21.4% shares
- LLY Eli Lilly & Co-19.2% shares
- MSFT Microsoft Corp-14.7% shares
- KEX Kirby Corp-14.0% shares
- BAC Bank of Amer Corp-11.1% shares
- WFC Wells Fargo & Co-9.5% shares
Left the top 50
- WHR Whirlpool Corp Comwas 1.1%
- DKNG Draftkings Incwas 0.8%
- PR Permian Resources Corpwas 0.5%
- AEP American Elec Pwr Co Incwas 0.5%
- CMC Commercial Metals Cowas 0.5%
Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.
How the holdings did against the S&P 500.
- 1 year
- +21.6% /yr
- S&P 500 +20.1%
- 3 years
- +29.9% /yr
- S&P 500 +20.4%
- 5 years
- +20.1% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $302.6M | 125 |
| Q1 2026 | $270.3M | 118 |
| Q4 2025 | $268.8M | 107 |
| Q3 2025 | $266.9M | 113 |
| Q2 2025 | $253.0M | 123 |
| Q1 2025 | $239.3M | 112 |
| Q4 2024 | $245.4M | 112 |
| Q3 2024 | $239.3M | 119 |
| Q2 2024 | $227.8M | 117 |
| Q1 2024 | $217.4M | 118 |
| Q4 2023 | $194.1M | 122 |
| Q3 2023 | $436.7M | 136 |
Questions about First Dallas Securities Inc.'s portfolio
What stocks does First Dallas Securities Inc. own?
First Dallas Securities Inc.'s latest 13F, for Q2 2026 and filed Aug 3, 2026, lists 125 positions worth $302.6M. The largest are Nvidia Corporation (NVDA) at 13.8%, Texas Pacific Land Corporati (TPL) at 8.3%, Apple Inc (AAPL) at 6.4%, Amazon Com Inc (AMZN) at 3.4% and Caterpillar Inc (CAT) at 2.8%.
What did First Dallas Securities Inc. buy last quarter?
In Q2 2026, First Dallas Securities Inc. added Powell Inds Inc (POWL) (+117.4% shares), Ethan Allen Interiors Inc (ETD) (+20.4% shares) and Frontview REIT Inc (FVR) (+19.5% shares), compared with its Q1 2026 filing.
What did First Dallas Securities Inc. sell last quarter?
In Q2 2026, First Dallas Securities Inc. cut from its top 50 Whirlpool Corp Com (WHR), cut from its top 50 Draftkings Inc (DKNG), cut from its top 50 Permian Resources Corp (PR), cut from its top 50 American Elec Pwr Co Inc (AEP), cut from its top 50 Commercial Metals Co (CMC), MasTec Inc (MTZ) (-29.2% shares), Micron Technology Inc (MU) (-28.3% shares) and Cleveland-Cliffs Inc New (CLF) (-21.4% shares), compared with its Q1 2026 filing.
How has First Dallas Securities Inc.'s portfolio performed?
A portfolio copying First Dallas Securities Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +29.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +21.6% against +20.1%. Over 5 years: +20.1% a year against +11.6%.
When is First Dallas Securities Inc.'s next 13F filing due?
13F filings are due 45 days after each quarter ends. First Dallas Securities Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does First Dallas Securities Inc. manage?
First Dallas Securities Inc. reported $335.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $302.6M.