First Dallas Securities Inc.
First Dallas Securities Inc. is a registered investment adviser and brokerage firm headquartered in Dallas, Texas. Founded in 1982, the firm provides financial advisory, brokerage, and investment management services to individuals (including high-net-worth individuals), charitable organizations, and corporations. As of 2024, the firm manages approximately $297 million in assets and employs around 20 professionals, nearly half of whom are investment professionals and the remainder brokers. The firm is regulated by the SEC and FINRA and serves primarily U.S.-based clients.
Investment Strategy
First Dallas Securities Inc. employs a discretionary investment management approach focused on constructing diversified portfolios tailored to client objectives. The firm primarily serves individuals (including high net worth), as well as charitable organizations and businesses, allocating assets across equities, fixed income, and other investment vehicles. Its investment philosophy emphasizes customized solutions, risk management, and long-term capital appreciation by selecting quality securities across market sectors. The firm periodically files 13F reports listing holdings in major public companies, suggesting active management driven by fundamental research.
Top Holdings
Equity Positions (121)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | Nvidia Corporation | 13.05% | $33.0M | 208,907 | $45.11 | $157.99 | +$10.3M |
T TPL | Texas Pacific Land Corporation | 9.70% | $24.5M | 23,234 | $531.74 | $1056.39 | -$8.7M |
A AAPL | Apple Inc | 5.65% | $14.3M | 69,710 | $189.29 | $205.17 | -$1.7M |
A AMZN | Amazon.Com Inc | 3.45% | $8.7M | 39,772 | $181.17 | $219.39 | +$1.9M |
M MSFT | Microsoft Corp | 3.29% | $8.3M | 16,729 | $345.79 | $497.41 | +$1.9M |