First Dallas Securities 13F annual report
First Dallas Securities is an investment fund managing more than $228 billion ran by Charmagne Darabadey. There are currently 115 companies in Darabadey’s portfolio. The largest investments include NVIDIA Corp and Texas Pacific Land Corporati, together worth $46.5 billion.
$228 billion Assets Under Management (AUM)
As of 26th July 2024, First Dallas Securities’s top holding is 206,634 shares of NVIDIA Corp currently worth over $25.5 billion and making up 11.2% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, First Dallas Securities owns more than approximately 0.1% of the company.
In addition, the fund holds 28,544 shares of Texas Pacific Land Corporati worth $21 billion.
The third-largest holding is Apple Inc worth $15 billion and the next is Microsoft worth $9.13 billion, with 20,433 shares owned.
Currently, First Dallas Securities's portfolio is worth at least $228 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at First Dallas Securities
The First Dallas Securities office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Charmagne Darabadey serves as the chief compliance officer at First Dallas Securities.
Recent trades
In the most recent 13F filing, First Dallas Securities revealed that it had opened a new position in
Generac Inc and bought 24,025 shares worth $3.18 billion.
This means they effectively own approximately 0.1% of the company.
Generac Inc makes up
24.0%
of the fund's Industrials sector allocation and has grown its share price by 25.5% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
188,863 additional shares.
This makes their stake in NVIDIA Corp total 206,634 shares worth $25.5 billion.
NVIDIA Corp dropped 75.3% in the past year.
On the other hand, there are companies that First Dallas Securities is getting rid of from its portfolio.
First Dallas Securities closed its position in Encore Wire on 2nd August 2024.
It sold the previously owned 38,344 shares for $10.1 million.
Charmagne Darabadey also disclosed a decreased stake in Texas Pacific Land Corporati by approximately 0.1%.
This leaves the value of the investment at $21 billion and 28,544 shares.
One of the smallest hedge funds
The two most similar investment funds to First Dallas Securities are Hengistbury Investment Partners LL.P. and Libra Wealth. They manage $228 billion and $228 billion respectively.
Charmagne Darabadey investment strategy
First Dallas Securities’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 23.2% of
the total portfolio value.
The fund focuses on investments in the United States as
63.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $159 billion.
The complete list of First Dallas Securities trades based on 13F SEC filings
These positions were updated on August 2nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
1,062.76%
206,634
|
$25,527,538,000 | 11.20% |
| Texas Pacific Land Corporati |
1.35%
28,544
|
$20,960,647,000 | 9.20% |
| Apple Inc |
24.96%
71,340
|
$15,025,526,000 | 6.60% |
| Microsoft Corporation |
25.87%
20,433
|
$9,132,838,000 | 4.01% |
| Exxon Mobil Corp. |
4.15%
62,593
|
$7,205,408,000 | 3.16% |
| Uber Technologies Inc |
6.69%
80,850
|
$5,874,806,000 | 2.58% |
| Oneok Inc. |
0.45%
65,565
|
$5,346,035,000 | 2.35% |
| Freeport-McMoRan Inc |
10.67%
105,334
|
$5,119,240,000 | 2.25% |
| Amazon.com Inc. |
18.15%
25,098
|
$4,850,189,000 | 2.13% |
| Meta Platforms Inc |
1.05%
8,373
|
$4,221,705,000 | 1.85% |
| Eagle Matls Inc |
53.26%
19,207
|
$4,176,844,000 | 1.83% |
| Eli Lilly Co |
2.38%
4,103
|
$3,715,153,000 | 1.63% |
| International Business Machs |
128.91%
20,041
|
$3,465,957,000 | 1.52% |
| Caterpillar Inc. |
1.49%
10,046
|
$3,346,266,000 | 1.47% |
| Abbvie Inc |
1.56%
18,580
|
$3,186,781,000 | 1.40% |
| Generac Holdings Inc |
Opened
24,025
|
$3,176,586,000 | 1.39% |
| Ethan Allen Interiors Inc |
54.00%
113,228
|
$3,156,864,000 | 1.39% |
| Boeing Co. |
1.77%
17,226
|
$3,134,957,000 | 1.38% |
| Home Depot, Inc. |
1.29%
8,718
|
$3,000,907,000 | 1.32% |
| Vistra Corp |
8.08%
34,759
|
$2,988,537,000 | 1.31% |
| Jpmorgan Chase Co |
0.47%
14,741
|
$2,980,962,000 | 1.31% |
| AMGEN Inc. |
16.03%
9,449
|
$2,952,337,000 | 1.30% |
| Energy Transfer L P |
1.40%
181,793
|
$2,948,688,000 | 1.29% |
| DraftKings Inc. |
64.10%
76,800
|
$2,930,956,000 | 1.29% |
| Costco Whsl Corp New |
2.40%
3,288
|
$2,795,610,000 | 1.23% |
| Merck Co Inc |
8.60%
22,327
|
$2,764,087,000 | 1.21% |
| Cleveland-Cliffs Inc |
11.18%
161,600
|
$2,487,018,000 | 1.09% |
| American Express Co. |
10.16%
10,690
|
$2,475,158,000 | 1.09% |
| Chesapeake Energy Corp. |
1.55%
29,969
|
$2,463,305,000 | 1.08% |
| Enlink Midstream LLC |
0.61%
158,598
|
$2,182,305,000 | 0.96% |
| Bank America Corp |
4.71%
54,177
|
$2,154,617,000 | 0.95% |
| Wynn Resorts Ltd. |
14.75%
23,351
|
$2,089,571,000 | 0.92% |
| Micron Technology Inc. |
12.02%
15,550
|
$2,045,292,000 | 0.90% |
| Taiwan Semiconductor Mfg Ltd |
46.40%
11,678
|
$2,029,750,000 | 0.89% |
| Johnson Johnson |
2.66%
13,169
|
$1,924,797,000 | 0.84% |
| Walmart Inc |
41.67%
26,809
|
$1,815,233,000 | 0.80% |
| Schwab Charles Corp |
3.39%
24,001
|
$1,768,613,000 | 0.78% |
| Att Inc |
3.41%
92,428
|
$1,766,294,000 | 0.78% |
| Xcel Energy Inc. |
1.43%
32,744
|
$1,748,866,000 | 0.77% |
| Capital Southwest Corp. |
1.45%
54,223
|
$1,414,681,000 | 0.62% |
| Alphabet Inc |
5.40%
10,767
|
$1,970,535,000 | 0.86% |
| Healthcare Rlty Tr |
35.15%
80,750
|
$1,330,760,000 | 0.58% |
| Novo-nordisk A S |
39.81%
9,315
|
$1,329,669,000 | 0.58% |
| Verizon Communications Inc |
3.31%
31,471
|
$1,297,873,000 | 0.57% |
| Commercial Metals Co. |
0.84%
22,234
|
$1,222,279,000 | 0.54% |
| ON Semiconductor Corp. |
9.89%
16,390
|
$1,123,440,000 | 0.49% |
| Blackstone Inc |
9.92%
8,841
|
$1,094,527,000 | 0.48% |
| Duke Energy Corp. |
1.66%
10,832
|
$1,085,713,000 | 0.48% |
| Airbnb, Inc. |
1.78%
7,130
|
$1,081,122,000 | 0.47% |
| American Elec Pwr Co Inc |
12.32%
12,092
|
$1,060,958,000 | 0.47% |
| Norwegian Cruise Line Hldg L |
57.93%
55,450
|
$1,041,526,000 | 0.46% |
| Fedex Corp |
17.91%
3,432
|
$1,028,637,000 | 0.45% |
| Topgolf Callaway Brands Corp |
13.23%
63,300
|
$968,490,000 | 0.43% |
| Tyson Foods, Inc. |
13.78%
16,202
|
$925,773,000 | 0.41% |
| 3M Co. |
15.60%
8,721
|
$891,149,000 | 0.39% |
| Shift4 Pmts Inc |
1.77%
11,500
|
$843,525,000 | 0.37% |
| Coca-Cola Co |
4.09%
12,788
|
$813,975,000 | 0.36% |
| Mcdonalds Corp |
0.31%
2,958
|
$753,767,000 | 0.33% |
| On Hldg Ag |
23.24%
18,500
|
$717,800,000 | 0.32% |
| Palo Alto Networks Inc |
5.00%
2,100
|
$711,921,000 | 0.31% |
| Pfizer Inc. |
25.25%
25,300
|
$707,894,000 | 0.31% |
| Symbotic Inc |
4.15%
20,100
|
$706,716,000 | 0.31% |
| Morgan Stanley |
4.63%
7,212
|
$700,934,000 | 0.31% |
| Banc of California Inc |
34.31%
53,725
|
$685,706,000 | 0.30% |
| Permian Resources Corp |
4.75%
41,387
|
$668,406,000 | 0.29% |
| Devon Energy Corp. |
3.97%
14,101
|
$668,387,000 | 0.29% |
| The Southern Co. |
1.78%
8,570
|
$664,775,000 | 0.29% |
| Matador Res Co |
0.04%
11,123
|
$662,910,000 | 0.29% |
| Berkshire Hathaway Inc. |
0.12%
1,603
|
$1,263,935,000 | 0.55% |
| Atmos Energy Corp. |
0.07%
5,546
|
$646,976,000 | 0.28% |
| Dell Technologies Inc |
Opened
4,590
|
$633,007,000 | 0.28% |
| Chevron Corp. |
0.28%
3,917
|
$612,761,000 | 0.27% |
| Pepsico Inc |
5.32%
3,642
|
$600,692,000 | 0.26% |
| Diamondback Energy Inc |
0.49%
2,896
|
$579,767,000 | 0.25% |
| Intuitive Surgical Inc |
No change
1,250
|
$556,063,000 | 0.24% |
| Simon Ppty Group Inc New |
5.88%
3,600
|
$546,480,000 | 0.24% |
| Triumph Financial Inc |
54.64%
6,525
|
$533,419,000 | 0.23% |
| Goldman Sachs Group, Inc. |
No change
1,165
|
$526,953,000 | 0.23% |
| Southwest Airls Co |
4.41%
17,775
|
$508,457,000 | 0.22% |
| Advanced Micro Devices Inc. |
Opened
3,100
|
$502,851,000 | 0.22% |
| Honeywell International Inc |
No change
2,350
|
$501,819,000 | 0.22% |
| General Mtrs Co |
0.06%
10,464
|
$486,139,000 | 0.21% |
| Medtronic Plc |
55.12%
5,879
|
$463,028,000 | 0.20% |
| Conocophillips |
No change
3,963
|
$453,327,000 | 0.20% |
| Ameren Corp. |
31.33%
6,288
|
$447,150,000 | 0.20% |
| CyberArk Software Ltd |
No change
1,600
|
$437,472,000 | 0.19% |
| Wells Fargo Co New |
No change
7,350
|
$436,517,000 | 0.19% |
| Procter And Gamble Co |
3.59%
2,578
|
$425,092,000 | 0.19% |
| Maplebear Inc |
Opened
13,200
|
$424,248,000 | 0.19% |
| Cullen Frost Bankers Inc. |
21.88%
4,128
|
$419,529,000 | 0.18% |
| Delta Air Lines, Inc. |
49.62%
8,705
|
$412,965,000 | 0.18% |
| Dow Inc |
1.95%
7,431
|
$394,207,000 | 0.17% |
| Comerica, Inc. |
7.49%
7,230
|
$369,019,000 | 0.16% |
| Builders Firstsource Inc |
6.42%
2,550
|
$352,946,000 | 0.15% |
| Oracle Corp. |
No change
2,300
|
$324,760,000 | 0.14% |
| Global Med Reit Inc |
2.72%
35,750
|
$324,610,000 | 0.14% |
| Texas Instrs Inc |
No change
1,607
|
$312,690,000 | 0.14% |
| Sleep Number Corp |
Opened
29,500
|
$282,315,000 | 0.12% |
| Helmerich Payne Inc |
13.78%
7,811
|
$282,300,000 | 0.12% |
| United Parcel Service, Inc. |
6.80%
1,979
|
$270,763,000 | 0.12% |
| Lockheed Martin Corp. |
No change
575
|
$268,583,000 | 0.12% |
| Iron Mtn Inc Del |
44.39%
2,975
|
$266,620,000 | 0.12% |
| DoubleVerify Holdings, Inc. |
25.88%
13,075
|
$254,570,000 | 0.11% |
| Sunopta, Inc. |
13.25%
47,000
|
$253,800,000 | 0.11% |
| Schlumberger Ltd. |
4.50%
5,300
|
$250,054,000 | 0.11% |
| United Airls Hldgs Inc |
13.54%
5,110
|
$248,653,000 | 0.11% |
| Hewlett Packard Enterprise C |
Opened
11,650
|
$246,631,000 | 0.11% |
| Ulta Beauty Inc |
Opened
625
|
$241,169,000 | 0.11% |
| Ford Mtr Co Del |
22.65%
19,051
|
$238,897,000 | 0.10% |
| Darden Restaurants, Inc. |
No change
1,450
|
$219,414,000 | 0.10% |
| United Rentals, Inc. |
No change
335
|
$216,655,000 | 0.10% |
| Sitio Royalties Corp |
No change
8,832
|
$208,524,000 | 0.09% |
| Cinemark Holdings Inc |
Opened
9,600
|
$207,552,000 | 0.09% |
| Evolent Health Inc |
30.13%
10,150
|
$194,068,000 | 0.09% |
| Ironwood Pharmaceuticals Inc |
Opened
11,250
|
$73,350,000 | 0.03% |
| Encore Wire Corp. |
Closed
38,344
|
$10,076,000 | |
| Independent Bank Group Inc |
Closed
23,252
|
$1,061,000 | |
| AGCO Corp. |
Closed
3,705
|
$456,000 | |
| Chubb Limited |
Closed
1,500
|
$389,000 | |
| Unitedhealth Group Inc |
Closed
750
|
$371,000 | |
| Pioneer Nat Res Co |
Closed
1,270
|
$333,000 | |
| New York Cmnty Bancorp Inc |
Closed
91,000
|
$293,000 | |
| Nextracker Inc |
Closed
4,195
|
$236,000 | |
| Deere Co |
Closed
505
|
$208,000 | |
| Upland Software Inc |
Closed
12,500
|
$39,000 | |
| No transactions found | |||
| Showing first 500 out of 125 holdings | |||
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