First Dallas Securities 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
A H Belo Corp Cl A	COM	001282102	667	119,150	SH		SOLE		0	0	119,150
Abbvie Inc	COM	00287y109	224	3,330	SH		SOLE		0	0	3,330
AdCare Health Systems Inc	COM	00650w300	35	10,148	SH		SOLE		0	0	10,148
AGCO Corp	COM	001084102	292	5,150	SH		SOLE		0	0	5,150
Ameren Corp	COM	023608102	541	14,367	SH		SOLE		0	0	14,367
American Airlines Group Inc	COM	02376r102	2,816	70,521	SH		SOLE		0	0	70,521
American Electric Power Inc	COM	025537101	310	5,857	SH		SOLE		0	0	5,857
American Express Co	COM	025816109	619	7,965	SH		SOLE		0	0	7,965
Apple Inc	COM	037833100	539	4,296	SH		SOLE		0	0	4,296
AT&T Inc	COM	00206r102	3,533	99,464	SH		SOLE		0	0	99,464
Atmos Energy Corp	COM	049560105	4,151	80,942	SH		SOLE		0	0	80,942
Bank of America Corporation	COM	060505104	598	35,100	SH		SOLE		0	0	35,100
Basic Energy Services Inc	COM	06985p100	84	11,100	SH		SOLE		0	0	11,100
Berkshire Hathaway Inc Cl A	COM	084670108	205	1	SH		SOLE		0	0	1
Berkshire Hathaway Inc Cl B	COM	084670702	208	1,524	SH		SOLE		0	0	1,524
Boeing Co	COM	097023105	4,643	33,465	SH		SOLE		0	0	33,465
Boulder Brands Inc	COM	101405108	115	16,500	SH		SOLE		0	0	16,500
Bristol-Myers Squibb Co	COM	110122108	613	9,214	SH		SOLE		0	0	9,214
Celgene Corp	COM	151020104	958	8,282	SH		SOLE		0	0	8,282
Chevron Corp	COM	166764100	490	5,078	SH		SOLE		0	0	5,078
Cisco Systems Inc	COM	17275r102	901	32,801	SH		SOLE		0	0	32,801
Coca-Cola Co	COM	191216100	275	7,012	SH		SOLE		0	0	7,012
Comstock Resources Inc	COM	205768203	658	197,589	SH		SOLE		0	0	197,589
ConocoPhillips	COM	20825c104	488	7,957	SH		SOLE		0	0	7,957
Costco Wholesale Corp	COM	22160k105	1,217	9,016	SH		SOLE		0	0	9,016
Cullen Frost Bankers Inc	COM	229899109	291	3,700	SH		SOLE		0	0	3,700
D R Horton Inc	COM	23331a109	397	14,500	SH		SOLE		0	0	14,500
Delta Air Lines Inc	COM	247361702	300	7,302	SH		SOLE		0	0	7,302
Disney Walt Co Disney	COM	254687106	595	5,209	SH		SOLE		0	0	5,209
Dixie Group Inc Cl A	COM	255519100	286	27,250	SH		SOLE		0	0	27,250
Dow Chemical Company	COM	260543103	331	6,474	SH		SOLE		0	0	6,474
Duke Energy Corp	COM	26441c204	1,617	22,901	SH		SOLE		0	0	22,901
Eagle Materials Inc	COM	26969p108	3,286	43,061	SH		SOLE		0	0	43,061
Enlink Midstream LLC Unit Rep	COM	29336t100	410	13,193	SH		SOLE		0	0	13,193
Exxon Mobil Corp	COM	30231g102	3,454	41,516	SH		SOLE		0	0	41,516
Foot Locker Inc	COM	344849104	1,509	22,525	SH		SOLE		0	0	22,525
Freeport-Mcmoran, Inc.	COM	35671d857	1,429	76,727	SH		SOLE		0	0	76,727
General Electric Company	COM	369604103	3,288	123,754	SH		SOLE		0	0	123,754
General Motors Co	COM	37045v100	671	20,116	SH		SOLE		0	0	20,116
Halliburton Co	COM	406216101	2,789	64,745	SH		SOLE		0	0	64,745
HD Supply Holdings Inc	COM	40416m105	932	26,500	SH		SOLE		0	0	26,500
Helmerich & Payne Inc	COM	423452101	2,732	38,796	SH		SOLE		0	0	38,796
Hercules Offshore Inc	COM	427093109	27	114,300	SH		SOLE		0	0	114,300
Hershey Co	COM	427866108	1,331	14,984	SH		SOLE		0	0	14,984
Home Depot Inc	COM	437076102	1,173	10,550	SH		SOLE		0	0	10,550
Honeywell Intl Inc	COM	438516106	301	2,950	SH		SOLE		0	0	2,950
Hyperdynamics Corp	COM	448954206	13	14,680	SH		SOLE		0	0	14,680
ID Watchdog Inc	COM	g4741r109	13	264,000	SH		SOLE		0	0	264,000
International Paper Co	COM	460146103	810	17,029	SH		SOLE		0	0	17,029
Intrusion Inc	COM	46121e205	314	168,070	SH		SOLE		0	0	168,070
Johnson & Johnson	COM	478160104	4,346	44,594	SH		SOLE		0	0	44,594
Kinder Morgan Inc	COM	49456b101	902	23,476	SH		SOLE		0	0	23,476
Kohls Corp	COM	500255104	1,534	24,502	SH		SOLE		0	0	24,502
Legacy TX Financial Group Inc	COM	52471y106	662	21,917	SH		SOLE		0	0	21,917
LifeVantage Corp	COM	53222k106	79	150,000	SH		SOLE		0	0	150,000
Linnco LLC Ltd Int	COM	535782106	270	28,525	SH		SOLE		0	0	28,525
Lockheed Martin Corp	COM	539830109	1,282	6,895	SH		SOLE		0	0	6,895
Lubys Inc	COM	549282101	221	45,650	SH		SOLE		0	0	45,650
Matador Resources Co	COM	576485205	549	21,975	SH		SOLE		0	0	21,975
Merck & Co Inc	COM	58933y105	799	14,023	SH		SOLE		0	0	14,023
Mesabi Trust	COM	590672101	351	25,783	SH		SOLE		0	0	25,783
Micron Technology Inc	COM	595112103	219	11,620	SH		SOLE		0	0	11,620
Morgan Stanley	COM	617446448	439	11,326	SH		SOLE		0	0	11,326
National CineMedia Inc	COM	635309107	271	17,000	SH		SOLE		0	0	17,000
Nike Inc Cl B	COM	654106103	440	4,075	SH		SOLE		0	0	4,075
Owens Corning New	COM	690742101	200	4,850	SH		SOLE		0	0	4,850
Panhandle Oil And Gas Inc Cl A	COM	698477106	1,595	77,087	SH		SOLE		0	0	77,087
Penney J C Inc	COM	708160106	201	23,700	SH		SOLE		0	0	23,700
Pfizer Inc	COM	717081103	235	7,020	SH		SOLE		0	0	7,020
Pilgrims Pride Corp	COM	72147k108	598	26,000	SH		SOLE		0	0	26,000
Primoris Services Corp	COM	74164f103	1,493	75,422	SH		SOLE		0	0	75,422
Procter & Gamble Co	COM	742718109	2,036	26,027	SH		SOLE		0	0	26,027
Pulte Group	COM	745867101	270	13,375	SH		SOLE		0	0	13,375
Rocky Mountain Chocolate Facto	COM	77467x101	394	29,862	SH		SOLE		0	0	29,862
Shoe Carnival Inc	COM	824889109	439	15,240	SH		SOLE		0	0	15,240
Sirius XM Holdings Inc	COM	82968b103	157	41,941	SH		SOLE		0	0	41,941
Southern Co	COM	842587107	741	17,698	SH		SOLE		0	0	17,698
Southwest Airlines Co	COM	844741108	4,157	125,644	SH		SOLE		0	0	125,644
Starbucks Corp	COM	855244109	288	5,379	SH		SOLE		0	0	5,379
Supernus Pharmaceuticals Inc	COM	868459108	330	19,450	SH		SOLE		0	0	19,450
Texas Capital Bancshares Inc	COM	88224q107	705	11,325	SH		SOLE		0	0	11,325
Texas Instruments Inc	COM	882508104	362	7,023	SH		SOLE		0	0	7,023
Texas Pac Ld Tr Sub Ctf Prop I	COM	882610108	8,416	55,923	SH		SOLE		0	0	55,923
Trinity Industries Inc	COM	896522109	5,186	196,206	SH		SOLE		0	0	196,206
United Contl Holdings Inc	COM	910047109	920	17,350	SH		SOLE		0	0	17,350
United Rentals Inc	COM	911363109	458	5,225	SH		SOLE		0	0	5,225
United States Steel Corp	COM	912909108	275	13,301	SH		SOLE		0	0	13,301
Verizon Communications Inc	COM	92343v104	1,531	32,848	SH		SOLE		0	0	32,848
Wal-Mart Stores Inc	COM	931142103	261	3,686	SH		SOLE		0	0	3,686
Wec Energy Group Inc	COM	92939u106	254	5,640	SH		SOLE		0	0	5,640
Whirlpool Corp	COM	963320106	300	1,734	SH		SOLE		0	0	1,734
Xcel Energy Inc	COM	98389b100	3,766	117,031	SH		SOLE		0	0	117,031
Felcor Lodging Tr Inc Conv Pfd	PFD	31430f200	304	12,350	SH		SOLE		0	0	12,350
GlaxoSmithKline PLC Sp ADR	ADR	37733w105	319	7,655	SH		SOLE		0	0	7,655
Toyota Motor Corp Sp ADR Rep 2	ADR	892331307	204	1,525	SH		SOLE		0	0	1,525
Ensco PLC Class A	ADR	g3157s106	525	23,593	SH		SOLE		0	0	23,593
Central Fund CDA Ltd Cl A	MTF	153501101	143	12,300	SH		SOLE		0	0	12,300
Hodges Inst	MTF	742935232	242	6,254	SH		SOLE		0	0	6,254
Professionally Managed Portfol	MTF	74316j318	203	16,366	SH		SOLE		0	0	16,366
Professionally Managed Portfol	MTF	74316j326	1,719	146,607	SH		SOLE		0	0	146,607
Professionally Managed Portfol	MTF	742935174	3,457	230,968	SH		SOLE		0	0	230,968
Professionally Managed Portfol	MTF	742935166	2,397	163,962	SH		SOLE		0	0	163,962
Professionally Managed Portfol	MTF	742935158	2,578	216,136	SH		SOLE		0	0	216,136
Professionally Managed Portfol	MTF	742935109	15,971	419,420	SH		SOLE		0	0	419,420
Professionally Managed Portfol	MTF	742935299	1,512	74,475	SH		SOLE		0	0	74,475
Victory Portfolios Munder Intl	MTF	92646a179	94	13,404	SH		SOLE		0	0	13,404
Enterprise Products Partners L	LTP	293792107	408	13,646	SH		SOLE		0	0	13,646
Linn Energy LLC Unit Ltd Liab	LTP	536020100	551	61,848	SH		SOLE		0	0	61,848
GEO Group Inc	RET	36162j106	2,859	83,691	SH		SOLE		0	0	83,691
Medical Properties Trust Inc	RET	58463j304	153	11,675	SH		SOLE		0	0	11,675
Ryman Hospitality Properties I	RET	78377t107	3,608	67,943	SH		SOLE		0	0	67,943