13F-HR for Period Ended 2016-12-31

Market Value: $ 146,146,000
Total Holdings: 106
File Date: 2017-01-11
Investor Overview: First Dallas Securities Inc.
(Original Filing)

All hedge funds or institutions that manage over $100M are required by the SEC to file quarterly reports on their holdings. These reports are called 13F reports. However, the filings are required the following quarter from the reporting period, which means that by the time the filing is made (and we see them), the information could be five months old.

For funds with long term positions that make few trades, the holdings might closely resemble their current holdings, even after several months. However, for funds that have high turnover, the holdings data we see might differ significantly from their current holdings.

Institutions are required to report CALL and PUT options, and those positions are identified in the table. However, they are not required to report short positions.

Security Imputed
Share Price
Prev
Shares
Current
Shares
Change
(Percent)
Prev Value
(USD x1000)
Current Value
(USD x1000)
Change
(Percent)
PROFESSIONALLY MANAGED PORTFOL / MTF (742935109) 46.84 384,820 382,140 -0.70 16,343 17,899 9.52
TPL / Texas Pacific Land Trust 296.99 41,208 38,708 -6.07 9,862 11,496 16.57
PROFESSIONALLY MANAGED PORTFOL / MTF (742935174) 14.36 364,034 365,093 0.29 5,169 5,243 1.43
GEO / Geo Group 35.95 160,444 129,474 -19.30 3,815 4,654 21.99
LUV / Southwest Airlines 49.95 98,967 92,337 -6.70 3,849 4,612 19.82
RHP / Ryman Hospitality Properties 63.00 74,944 72,083 -3.82 3,610 4,541 25.79
T / AT & T 42.54 90,195 89,258 -1.04 3,663 3,797 3.66
JNJ / Johnson & Johnson 115.23 34,306 32,630 -4.89 4,053 3,760 -7.23
BA / Boeing Company 156.17 23,964 23,525 -1.83 3,157 3,674 16.38
INPAP / International Paper 53.07 68,313 67,497 -1.19 3,277 3,582 9.31
GE / General Electric 31.60 110,534 104,419 -5.53 3,274 3,300 0.79
TRN / Trinity Industries 27.81 165,667 113,753 -31.34 4,006 3,163 -21.04
XOM / Exxon Mobil 90.25 35,881 34,747 -3.16 3,131 3,136 0.16
ENLC / Enlink Midstream 19.07 170,228 162,283 -4.67 2,851 3,095 8.56
PROFESSIONALLY MANAGED PORTFOL / MTF (742935158) 14.05 192,797 190,286 -1.30 2,481 2,673 7.74
AAL / American Airlines Group 46.70 65,033 52,314 -19.56 2,381 2,443 2.60
XEL / Xcel Energy 40.71 65,871 58,978 -10.46 2,710 2,401 -11.40
EXP / Eagle Materials 98.65 38,172 22,584 -40.84 2,950 2,228 -24.47
ATO / Atmos Energy 74.44 33,071 26,224 -20.70 2,463 1,952 -20.75
PROFESSIONALLY MANAGED PORTFOL / MTF (74316J326) 12.61 151,655 151,772 0.08 1,670 1,914 14.61
GM / General Motors 34.90 47,839 53,236 11.28 1,520 1,858 22.24
ABBV / AbbVie 62.61 17,355 28,876 66.38 1,095 1,808 65.11
HP / Helmerich & Payne 77.45 30,220 23,215 -23.18 2,033 1,798 -11.56
FCX / Freeport-McMoRan 13.22 126,197 133,015 5.40 1,371 1,758 28.23
USCR / U.S. Concrete 65.52 22,640 25,915 14.47 1,043 1,698 62.80
MYL / Mylan 38.17 0 43,255 0.00 0 1,651
VZ / Verizon Communications 53.41 28,041 28,555 1.83 1,458 1,525 4.60
CF / CF Industries Holding 31.52 41,790 47,744 14.25 1,017 1,505 47.98
DUK / Duke Energy (Holding Co.) 77.61 18,716 18,993 1.48 1,498 1,474 -1.60
PROFESSIONALLY MANAGED PORTFOL / MTF (742935299) 20.59 57,235 66,256 15.76 1,060 1,364 28.68
DAL / Delta Air Lines 49.27 30,955 27,256 -11.95 1,218 1,343 10.26
JCP / Penney (J.C.) Co., Inc. (Holding Co.) 8.32 163,075 159,125 -2.42 1,504 1,324 -11.97
DOW / Dow Chemical Co. 57.22 24,649 23,085 -6.35 1,277 1,321 3.45
BAC / Bank of America 22.11 60,520 59,124 -2.31 948 1,307 37.87
PG / Procter & Gamble Co. 84.17 14,386 15,386 6.95 1,374 1,295 -5.75
AXP / American Express 74.13 7,015 17,349 147.31 449 1,286 186.41
FDX / FedEx 186.15 4,931 6,081 23.32 861 1,132 31.48
KMI / Kinder Morgan 20.75 57,626 45,927 -20.30 1,333 953 -28.51
KS / KapStone Paper & Packaging 22.08 50,790 41,992 -17.32 961 927 -3.54
WHR / Whirlpool 181.68 2,520 4,750 88.49 409 863 111.00
FRTA / Forterra 21.63 39,575 856
COST / Costco Wholesale 160.03 5,269 5,224 -0.85 803 836 4.11
HD / Home Depot 134.13 6,366 6,218 -2.32 819 834 1.83
JPM / JPMorgan Chase 86.36 5,797 9,622 65.98 386 831 115.28
MU / Micron Technology 21.94 52,350 37,200 -28.94 930 816 -12.26
MRK / Merck 58.87 13,478 13,029 -3.33 841 767 -8.80
CELG / Celgene 115.74 7,532 6,532 -13.28 787 756 -3.94
GMRE / Global Medical REIT 8.93 65,050 81,000 24.52 635 723 13.86
CSCO / Cisco Systems 30.21 23,498 23,698 0.85 745 716 -3.89
WFC / Wells Fargo 55.10 13,635 12,685 -6.97 604 699 15.73
HON / Honeywell International 115.80 5,850 5,950 1.71 682 689 1.03
HAL / Halliburton Co. (Holding Company) 54.40 12,885 12,390 -3.84 579 674 16.41
MTDR / Matador Resources 25.81 26,985 26,035 -3.52 656 672 2.44
TCBIP / Texas Capital Bancshares 78.35 11,525 8,500 -26.25 633 666 5.21
DIS / Walt Disney 104.20 6,790 6,190 -8.84 631 645 2.22
X / United States Steel 33.03 24,730 19,406 -21.53 467 641 37.26
AEE / Ameren 52.44 12,852 11,346 -11.72 632 595 -5.85
VLRS / Controladora Vuela Compania de Aviacion, S.A.B. de 15.04 38,950 586
CFR / Cullen 88.21 7,775 6,530 -16.01 559 576 3.04
TSM / Taiwan Semiconductor Manufacturing 28.76 19,330 556
CX / Cemex S.A.B de 8.03 68,725 552
GILD / Gilead Sciences 71.70 0 7,350 0.00 0 527
LTXB / LegacyTexas Financial Group 43.10 24,781 11,138 -55.05 784 480 -38.78
MS / Morgan Stanley 42.23 17,526 10,751 -38.66 562 454 -19.22
C / Citigroup 59.37 7,394 439
CVX / Chevron 117.63 5,053 3,698 -26.82 520 435 -16.35
URI / United Rentals 105.64 11,900 3,900 -67.23 934 412 -55.89
HZNP / Horizon Pharma 16.18 29,930 24,410 -18.44 542 395 -27.12
KKR / KKR 15.38 14,750 24,250 64.41 210 373 77.62
OC / Owens Corning 51.61 6,975 6,975 0.00 372 360 -3.23
AAPL / Apple 115.88 3,281 2,934 -10.58 371 340 -8.36
WMT / Wal-Mart Stores 69.17 5,451 4,901 -10.09 393 339 -13.74
DHI / D.R. Horton 27.39 13,305 12,050 -9.43 402 330 -17.91
PHX / Panhandle Oil and Gas 23.51 20,184 13,952 -30.88 354 328 -7.34
JBLU / JetBlue Airways 22.40 14,600 327
LLY / Lilly (ELI) 73.54 4,626 4,338 -6.23 371 319 -14.02
WIRE / Encore Wire 43.47 10,401 7,201 -30.77 382 313 -18.06
AKRIX / Akre Focus Instl 47.53 6,354 6,354 0.00 273 302 10.62
COMSTOCK RESOURCES INC / (205768302) 9.83 35,472 28,580 -19.43 271 281 3.69
AEO / American Eagle Outfitters 15.21 19,410 18,410 -5.15 347 280 -19.31
AEP / American Electric Power 63.05 4,425 4,425 0.00 284 279 -1.76
KSS / Kohl's 49.46 9,255 5,600 -39.49 405 277 -31.60
BETR / Amplify Snack Brands 8.83 12,375 30,675 147.88 200 271 35.50
PRIM / Primoris Services 22.76 13,673 11,730 -14.21 282 267 -5.32
BX / Blackstone Group L.P. 27.04 9,800 265
MYCC / ClubCorp Holdings 14.33 24,309 17,520 -27.93 352 251 -28.69
DIXIE GROUP INC CL A / (255519100) 3.60 65,550 68,925 5.15 328 248 -24.39
BRK.A / Berkshire Hathaway 244,000.00 1 1 0.00 216 244 12.96
HCP / HCP 29.76 0 8,165 0.00 0 243
GIII / G-III Apparel Group 29.57 8,150 241
BMYMP / Bristol-Myers Squibb 58.56 4,064 4,064 0.00 219 238 8.68
CNK / Cinemark Holdings 38.42 7,063 6,143 -13.03 271 236 -12.92
MLM / Martin Marietta Materials 221.90 1,543 1,050 -31.95 276 233 -15.58
DLTH / Duluth Holdings 25.36 9,700 8,950 -7.73 257 227 -11.67
PEP / PepsiCo 104.51 2,048 2,038 -0.49 223 213 -4.48
NCMI / National CineMedia 14.74 17,281 13,029 -24.61 255 192 -24.71
KATE / Kate Spade 18.63 10,250 191
WETF / WisdomTree Investments 11.12 26,350 16,361 -37.91 272 182 -33.09
PROFESSIONALLY MANAGED PORTFOL / MTF (74316J318) 13.14 13,864 13,013 -6.14 161 171 6.21
INTZ / Intrusion 0.43 160,045 160,045 0.00 33 69 109.09
LGCY / Legacy Reserves LP 2.12 17,961 12,711 -29.23 24 27 12.50
ADK / Adcare Health Systems 1.48 10,148 10,148 0.00 21 15 -28.57
IDWAF / ID Watchdog 264,000 0 -100.00 41 0 -100.00