2026 Q2 Portfolio Activity
In 2026 Q2, First Dallas Securities Inc. maintained a portfolio of 137 distinct positions. The most significant new addition was Aar Corp, now representing 1.24% of the total fund value. They heavily accumulated shares in Viking Holdings Ltd, increasing the position by 91.6%. The fund also reduced its exposure to Whirlpool Corp by 47.1%.
Position History
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Total Positions
137
Quarter
2026 Q2
Top Holding
NVDA (13.8%)
Top 10 Concentration
45.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 137
First Dallas Securities Inc. Full Holdings List — 2026 Q2
| 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 | 13.79% | 13.33% |
#1
Prev: #1
|
6.5 |
—
|
1,932 | 0.9% |
P
S
|
208,547 | $41,728,231 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
TPL
Texas Pacific L...
|
Energy | 8.26% | 10.46% |
#2
Prev: #2
|
5.3 |
—
|
-2,420 | -4.1% |
P
S
|
57,135 | $25,004,375 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AAPL
Apple Inc
|
Technology | 6.44% | 6.31% |
#3
Prev: #3
|
4.1 |
—
|
181 | 0.3% |
P
S
|
67,352 | $19,488,977 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMZN
Amazon.Com Inc
|
Consumer Cyclical | 3.40% | 3.06% |
#4
Prev: #4
|
3.9 |
—
|
3,430 | 8.6% |
P
S
|
43,126 | $10,278,651 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CAT
Caterpillar Inc
|
Industrials | 2.85% | 2.27% |
#5
4
Prev: #9
|
2.1 |
—
|
-565 | -6.5% |
P
S
|
8,087 | $8,611,969 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
FCX
Freeport-Mcmora...
|
Basic Materials | 2.54% | 2.71% |
#6
Prev: #6
|
1.5 |
—
|
-2,546 | -2.0% |
P
S
|
122,137 | $7,681,209 | 2010 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
BA
Boeing Co
|
Industrials | 2.34% | 2.39% |
#7
1
Prev: #8
|
1.4 |
—
|
220 | 0.7% |
P
S
|
32,657 | $7,069,265 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MU
Micron Technolo...
|
Technology | 2.17% | 0.99% |
#8
18
Prev: #26
|
0.9 |
—
|
-2,250 | -28.3% |
P
S
|
5,695 | $6,573,682 | 2013 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
XOM
Exxon Mobile Co...
|
Energy | 1.97% | 2.79% |
#9
4
Prev: #5
|
1.3 |
—
|
-698 | -1.6% |
P
S
|
43,692 | $5,973,638 | 2007 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
OKE
Oneok Inc
|
Energy | 1.90% | 2.39% |
#10
3
Prev: #7
|
1.3 |
—
|
-5,493 | -7.7% |
P
S
|
66,126 | $5,749,026 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
UBER
Uber Technologi...
|
Technology | 1.76% | 2.05% |
#11
1
Prev: #10
|
1.2 |
—
|
-3,510 | -4.5% |
P
S
|
73,705 | $5,318,553 | 2021 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
LLY
Eli Lilly & Co
|
Healthcare | 1.73% | 1.83% |
#12
1
Prev: #11
|
1.2 |
—
|
-1,033 | -19.2% |
P
S
|
4,359 | $5,228,277 | 2016 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
SN
Sharkninja Inc
|
Consumer Cyclical | 1.72% | 1.39% |
#13
4
Prev: #17
|
1.2 |
—
|
-1,325 | -3.7% |
P
S
|
34,135 | $5,197,736 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
RHP
Ryman Hospitali...
|
Real Estate | 1.57% | 1.23% |
#14
7
Prev: #21
|
1.1 |
—
|
1,152 | 3.2% |
P
S
|
37,068 | $4,765,064 | 2013 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
META
Meta Platforms ...
|
Communication Services | 1.47% | 1.72% |
#15
3
Prev: #12
|
1.1 |
—
|
-240 | -3.0% |
P
S
|
7,893 | $4,445,859 | 2013 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
HD
Home Depot Inc
|
Consumer Cyclical | 1.44% | 1.46% |
#16
1
Prev: #15
|
1.1 |
—
|
351 | 2.9% |
P
S
|
12,340 | $4,352,225 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
JPM
Jpmorgan Chase ...
|
Financial Services | 1.43% | 1.44% |
#17
1
Prev: #16
|
1.1 |
—
|
1 | 0.0% |
P
S
|
13,219 | $4,326,876 | 2016 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 1.34% | 1.50% |
#18
5
Prev: #13
|
1.0 |
—
|
-623 | -3.8% |
P
S
|
15,944 | $4,049,284 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
C
Citigroup Inc N...
|
Financial Services | 1.33% | 1.26% |
#19
Prev: #19
|
1.0 |
—
|
-1,340 | -4.5% |
P
S
|
28,690 | $4,015,518 | 2006 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AIR
Aar Corp
|
Industrials | 1.24% | — |
#20
Prev: #—
|
4.0 |
—
|
26,305 | — |
NEW
|
26,305 | $3,759,774 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
EXP
Eagle Materials...
|
Basic Materials | 1.20% | 1.15% |
#21
1
Prev: #22
|
1.0 |
—
|
-349 | -2.1% |
P
S
|
16,100 | $3,622,538 | 2013 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WULF
Terawulf Inc
|
Financial Services | 1.14% | 0.82% |
#22
8
Prev: #30
|
1.0 |
—
|
-14,000 | -9.1% |
P
S
|
139,750 | $3,451,825 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MSFT
Microsoft Corp
|
Technology | 1.12% | 1.46% |
#23
9
Prev: #14
|
0.9 |
—
|
-1,572 | -14.7% |
P
S
|
9,100 | $3,394,366 | 2006 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
TSM
Taiwan Semicond...
|
Technology | 1.12% | 0.91% |
#24
4
Prev: #28
|
0.9 |
—
|
-197 | -2.7% |
P
S
|
7,079 | $3,380,579 | 2016 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MRP
Millrose Proper...
|
Real Estate | 1.10% | 1.13% |
#25
2
Prev: #23
|
0.9 |
—
|
1,756 | 1.6% |
P
S
|
110,600 | $3,323,520 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
UPS
United Parcel S...
|
Industrials | 1.06% | 1.09% |
#26
1
Prev: #25
|
0.9 |
—
|
81 | 0.3% |
P
S
|
29,915 | $3,215,816 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMAT
Applied Materia...
|
Technology | 1.02% | 0.53% |
#27
20
Prev: #47
|
0.9 |
—
|
100 | 2.4% |
P
S
|
4,275 | $3,090,898 | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WMT
Wal-Mart Inc
|
Consumer Defensive | 1.02% | 1.28% |
#28
10
Prev: #18
|
0.9 |
—
|
-672 | -2.4% |
P
S
|
27,254 | $3,086,777 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
EXE
Expand Energy C...
|
Energy | 1.01% | 1.26% |
#29
9
Prev: #20
|
2.4 |
—
|
2,560 | 8.3% |
P
S
|
33,574 | $3,061,584 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GOOG
Alphabet Inc Ca...
|
Communication Services | 0.89% | 0.79% |
#30
2
Prev: #32
|
0.9 |
—
|
210 | 2.8% |
P
S
|
7,620 | $2,692,375 | 2020 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
VIK
Viking Holdings...
|
Consumer Cyclical | 0.83% | 0.34% |
#31
34
Prev: #65
|
3.3 |
—
|
11,400 | 91.6% |
P
S
|
23,850 | $2,496,379 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
FVR
Frontview Reit ...
|
Real Estate | 0.77% | 0.55% |
#32
10
Prev: #42
|
2.3 |
—
|
18,750 | 19.5% |
P
S
|
114,700 | $2,320,381 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
FWRG
First Watch Res...
|
Consumer Cyclical | 0.76% | 0.65% |
#33
4
Prev: #37
|
2.3 |
—
|
10,500 | 6.3% |
P
S
|
177,250 | $2,284,752 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
COST
Costco Wholesal...
|
Consumer Defensive | 0.75% | 0.94% |
#34
7
Prev: #27
|
0.8 |
—
|
-123 | -4.8% |
P
S
|
2,434 | $2,276,810 | 2008 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MTZ
Mastec Inc
|
Industrials | 0.73% | 0.89% |
#35
6
Prev: #29
|
0.3 |
—
|
-2,190 | -29.2% |
P
S
|
5,310 | $2,209,279 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CSWC
Capital Southwe...
|
Financial Services | 0.71% | 0.73% |
#36
1
Prev: #35
|
0.8 |
—
|
777 | 0.9% |
P
S
|
90,468 | $2,150,414 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AVGO
Broadcom Inc
|
Technology | 0.67% | 0.54% |
#37
6
Prev: #43
|
2.3 |
—
|
620 | 13.1% |
P
S
|
5,355 | $2,022,851 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
POWL
Powell Industri...
|
Industrials | 0.65% | 0.63% |
#38
Prev: #38
|
3.3 |
—
|
3,699 | 117.4% |
P
S
|
6,850 | $1,961,671 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
XEL
Xcel Energy Inc...
|
Utilities | 0.62% | 0.68% |
#39
3
Prev: #36
|
0.7 |
—
|
5 | 0.0% |
P
S
|
23,245 | $1,866,534 | 2009 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CLF
Cleveland-Cliff...
|
Basic Materials | 0.59% | 0.75% |
#40
6
Prev: #34
|
0.2 |
—
|
-51,600 | -21.4% |
P
S
|
189,500 | $1,779,401 | 2013 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
BAC
Bank Of America...
|
Financial Services | 0.57% | 0.62% |
#41
1
Prev: #40
|
0.7 |
—
|
-3,791 | -11.1% |
P
S
|
30,492 | $1,737,425 | 2006 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CRS
Carpenter Techn...
|
Industrials | 0.54% | 0.44% |
#42
13
Prev: #55
|
0.7 |
—
|
-390 | -12.8% |
P
S
|
2,660 | $1,640,794 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ETD
Ethan Allen Int...
|
Consumer Cyclical | 0.53% | 0.49% |
#43
7
Prev: #50
|
2.7 |
—
|
12,156 | 20.4% |
P
S
|
71,681 | $1,601,354 | 2020 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
LUV
Southwest Airli...
|
Industrials | 0.53% | 0.22% |
#44
37
Prev: #81
|
3.2 |
—
|
15,000 | 93.9% |
P
S
|
30,975 | $1,592,724 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
T
At&T Inc
|
Communication Services | 0.51% | 0.81% |
#45
14
Prev: #31
|
0.7 |
—
|
-1,095 | -1.5% |
P
S
|
74,410 | $1,540,292 | 2009 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MRK
Merck & Co Inc
|
Healthcare | 0.51% | 0.48% |
#46
6
Prev: #52
|
2.2 |
—
|
1,214 | 11.3% |
P
S
|
11,944 | $1,534,804 | 2011 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AXP
American Expres...
|
Financial Services | 0.50% | 0.50% |
#47
2
Prev: #49
|
0.7 |
—
|
1 | 0.0% |
P
S
|
4,441 | $1,502,113 | 2006 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
KEX
Kirby Corp
|
Industrials | 0.49% | 0.63% |
#48
9
Prev: #39
|
0.7 |
—
|
-1,800 | -14.0% |
P
S
|
11,015 | $1,497,710 | 2011 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WFC
Wells Fargo Co
|
Financial Services | 0.49% | 0.59% |
#49
8
Prev: #41
|
0.7 |
—
|
-1,896 | -9.5% |
P
S
|
18,093 | $1,495,184 | 2016 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMGN
Amgen Inc
|
Healthcare | 0.49% | 0.54% |
#50
6
Prev: #44
|
0.7 |
—
|
-89 | -2.1% |
P
S
|
4,064 | $1,471,586 | 2006 Q3 | 13F Filing | 2026-06-30 | 2026-08-03 |
Showing 1-50 of 137 holdings