FIRST DALLAS SECURITIES, INC.

other names
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Adviser Profile
As of Date 10/29/2024
Adviser Type - Large advisory firm
Number of Employees 20
of those in investment advisory functions 9
Registration SEC, Approved, 01/30/2006
AUM* 297,314,357 34.50%
of that, discretionary 297,314,357 34.50%
Private Fund GAV* 0
Avg Account Size 890,163 32.88%
% High Net Worth 18.86% -5.69%
SMA’s Yes
Private Funds 0
Contact Info 214 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Banking or thrift institutions
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- Commissions

Recent News

Reported AUM

Discretionary
Non-discretionary
221M 189M 158M 126M 95M 63M 32M
2015 2016 2017 2018 2019 2020 2021 2022

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker67066G104 Stock NameNVIDIA CORPORATION $ Position$25,176,186 % Position11.00% $ Change-1.00% # Change0.00%
Stck Ticker88262P102 Stock NameTEXAS PACIFIC LAND CORPORATI $ Position$23,293,753 % Position10.00% $ Change11.00% # Change-8.00%
Stck Ticker037833100 Stock NameAPPLE INC $ Position$16,635,761 % Position7.00% $ Change11.00% # Change0.00%
Stck Ticker594918104 Stock NameMICROSOFT CORP $ Position$8,770,097 % Position4.00% $ Change-4.00% # Change0.00%
Stck Ticker90353T100 Stock NameUBER TECHNOLOGIES INC $ Position$5,990,252 % Position3.00% $ Change2.00% # Change-1.00%
Stck Ticker30231G102 Stock NameEXXON MOBIL CORP $ Position$7,057,309 % Position3.00% $ Change-2.00% # Change-4.00%
Stck Ticker35671D857 Stock NameFREEPORT-MCMORAN INC $ Position$5,604,241 % Position2.00% $ Change9.00% # Change7.00%
Stck Ticker368736104 Stock NameGENERAC HLDGS INC $ Position$4,365,228 % Position2.00% $ Change37.00% # Change14.00%
Stck Ticker26969P108 Stock NameEAGLE MATLS INC $ Position$4,108,479 % Position2.00% $ Change-2.00% # Change-26.00%
Stck Ticker459200101 Stock NameINTERNATIONAL BUSINESS MACHS $ Position$4,246,181 % Position2.00% $ Change23.00% # Change-4.00%

Brochure Summary

Overview

INTRODUCTION First Dallas Securities, Inc. is a Registered Investment Advisory Firm registered with the U.S. Securities and Exchange Commission (“SEC”) since January 30th, 2006. We are noticed filed in our home state of Texas and various other states, which means we are registered to do business in these states. We may conduct business in other states by claiming an exemption from registration. Our registration as an Investment Adviser does not imply any level of skill or training. We provide oral and written communications that you may use to evaluate us and other advisers, which may be factors in your decision to hire us or to continue to maintain a mutually beneficial relationship. This Brochure provides information about our qualifications and business practices. OWNERSHIP First Dallas Securities, Inc. was formed as a corporation in Texas in October, 1983 and first opened for business in 1988. First Dallas Securities, Inc. is a wholly owned subsidiary of Hodges Capital Holdings, Inc. Chairman/CEO, Craig D. Hodges, owns approximately 23.7% equity stock. Hodges Capital Holdings largest shareholder is Hodges Capital Holdings Voting Trust at 46.9%; of which Craig Hodges, Camille Hodges Hays and Clark Hodges, trustees, each has approximately 1/3 voting control. ADVISORY SERVICES OFFERED INVESTMENT MANAGEMENT SERVICES: Our investment management service consists of asset allocation and portfolio
management tailored to meet your investment goals. Accounts are managed by an assigned investment adviser representative, who has discretion over the account and makes buy and sell decisions for assigned accounts based on his or her judgment of market conditions and the investment merits of securities as they relate to your investment objectives. Our investment adviser representatives operate independently of one another and therefore may place trades before or after trades for other client accounts, including the Hodges Mutual Funds. We have the authority to invest in a wide variety of types of investments, but we generally focus on equity securities, more specifically, domestic stocks. Discretionary Management of Advisory Accounts As an investment adviser, we provide discretionary account management services. For these accounts, you have granted us discretion to buy and sell securities for your account through our investment adviser representative who serves as your principal contact. These investments are determined based upon your investment objectives, risk tolerance, net worth, net income, age, investment time horizon, tax situation and other various suitability factors. We do not participate in any wrap fee programs. ASSETS UNDER MANAGEMENT: As of July 31st, 2023, First Dallas Securities, Inc. had $234,332,273 in discretionary assets under management. Form ADV Part 2A: Firm Brochure | 5