PENN DAVIS MCFARLAND INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $151.4M | 428,390 | +1.38pp | 31q | -0.7%-$1.0M | |
| NVIDIA CORPORATION | NVDA | $93.2M | 465,988 | -0.20pp | 27q | -6.5%-$6.5M | |
| UNITEDHEALTH GROUP INC | UNH | $56.6M | 136,259 | +1.44pp | 28q | HELD | |
| ROIVANT SCIENCES LTD | ROIV | $55.9M | 1,580,191 | +0.67pp | 10q | -0.8%-$440.0K | |
| KINDER MORGAN INC DEL | KMI | $53.5M | 1,673,542 | -0.84pp | 31q | -2.0%-$1.1M | |
| APPLE INC | AAPL | $50.8M | 175,501 | +0.07pp | 31q | -2.2%-$1.1M | |
| ENTERPRISE PRODS PARTNERS L | EPD | $43.2M | 1,175,994 | -0.50pp | 31q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $39.9M | 320,793 | +3.06pp | 31q | +1148.8%+$36.7M | |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $39.8M | 483,439 | +0.26pp | 25q | HELD | |
| SHELL PLC | SHEL | $38.0M | 489,575 | -1.14pp | 18q | -1.5%-$581.9K | |
| ALPHABET INC | GOOGL | $36.8M | 103,003 | +0.20pp | 31q | -5.9%-$2.3M | |
| RTX CORPORATION | RTX | $35.4M | 186,527 | -0.37pp | 25q | HELD | |
| QUALCOMM INC | QCOM | $34.6M | 187,300 | +0.70pp | 31q | -1.0%-$346.7K | |
| PAYPAL HLDGS INC | PYPL | $29.4M | 680,019 | -0.38pp | 18q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $28.3M | 55,590 | -0.76pp | 20q | HELD | |
| BLACK STONE MINERALS L P | BSM | $27.4M | 1,958,137 | -0.46pp | 31q | HELD | |
| SALESFORCE INC | CRM | $24.6M | 157,021 | -0.64pp | 2q | +1.1%+$274.9K | |
| EVOLUTION AB ADR | EVVTY | $23.8M | 345,936 | +0.03pp | 4q | +0.7%+$167.1K | |
| MATCH GROUP INC NEW | MTCH | $20.2M | 531,126 | +0.22pp | 13q | +1.2%+$242.3K | |
| SPROUTS FMRS MKT INC | SFM | $18.9M | 223,281 | flat | 29q | HELD | |
| LAS VEGAS SANDS CORP | LVS | $18.0M | 389,501 | -0.51pp | 31q | -3.0%-$551.2K | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $16.0M | 122,103 | -0.28pp | 31q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $13.9M | 240,615 | -0.76pp | 31q | -28.4%-$5.5M | |
| WASTE MGMT INC DEL | WM | $12.6M | 56,370 | -0.15pp | 8q | HELD | |
| TEXAS INSTRS INC | TXN | $12.5M | 41,778 | +0.32pp | 12q | +0.5%+$62.9K | |
| XYLEM INC | XYL | $11.3M | 95,570 | -0.11pp | 31q | HELD | |
| TARGET CORP | TGT | $11.0M | 84,306 | -0.02pp | 3q | HELD | |
| MICROSOFT CORP | MSFT | $10.7M | 28,611 | -0.08pp | 27q | +0.8%+$88.4K | |
| JOHNSON & JOHNSON | JNJ | $10.5M | 41,217 | -0.06pp | 8q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $9.3M | 84,820 | +0.01pp | 11q | -2.6%-$247.0K | |
| ABBVIE INC | ABBV | $7.7M | 30,630 | +0.04pp | 8q | +0.5%+$41.8K | |
| AMGEN INC | AMGN | $6.8M | 18,748 | -0.04pp | 31q | HELD | |
| COCA COLA CO | KO | $6.7M | 82,462 | -0.02pp | 8q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $6.1M | 56,843 | -0.01pp | 8q | HELD | |
| MCDONALDS CORP | MCD | $5.7M | 21,014 | -0.13pp | 8q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $5.6M | 132,169 | -0.16pp | 8q | -0.9%-$48.9K | |
| METTLER TOLEDO INTERNATIONAL | MTD | $4.1M | 3,218 | -0.03pp | 8q | HELD | |
| PFIZER INC | PFE | $4.1M | 169,415 | -0.10pp | 8q | -0.6%-$22.8K | |
| PEPSICO INC | PEP | $3.9M | 29,083 | -0.09pp | 27q | HELD | |
| PROCTER & GAMBLE CO | PG | $3.9M | 26,340 | -0.03pp | 8q | HELD | |
| AMERICAN EXPRESS CO | AXP | $3.6M | 10,546 | +0.01pp | 8q | HELD | |
| ELI LILLY & CO | LLY | $3.2M | 2,695 | +0.05pp | 8q | HELD | |
| ABBOTT LABORATORIES | ABT | $2.8M | 31,215 | -0.06pp | 8q | HELD | |
| SPDR GOLD TR | GLD | $2.7M | 7,283 | -0.07pp | 14q | HELD | |
| NIKE INC | NKE | $2.5M | 61,621 | -0.09pp | 8q | -0.5%-$12.9K | |
| CISCO SYS INC | CSCO | $2.3M | 19,959 | +0.06pp | 8q | HELD | |
| JPMORGAN CHASE & CO | JPM | $2.3M | 7,150 | +0.15pp | 22q | +232.6%+$1.6M | |
| U S PHYSICAL THERAPY | USPH | $2.0M | 29,713 | -0.04pp | 8q | HELD | |
| AMAZON COM INC | AMZN | $2.0M | 8,502 | -0.05pp | 31q | -25.6%-$696.0K | |
| FIRSTCASH HOLDINGS INC | FCFS | $1.6M | 7,220 | +0.01pp | 8q | HELD | |
| MATADOR RES CO | MTDR | $1.5M | 30,000 | -0.05pp | 31q | HELD | |
| CATERPILLAR INC | CAT | $1.4M | 1,328 | +0.03pp | 7q | -5.1%-$76.7K | |
| HONEYWELL INTL INC | HON | $1.3M | 5,765 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $1.3M | 5,765 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $1.2M | 1,704 | +0.04pp | 11q | +45.9%+$368.1K | |
| EXXON MOBIL CORP | XOMXXXX | $1.1M | 7,718 | -0.02pp | 17q | +12.0%+$112.7K | |
| VISA INC | V | $1.0M | 3,050 | -0.01pp | 31q | -9.0%-$102.9K | |
| TESLA INC | TSLA | $721.3K | 1,715 | flat | 8q | HELD | |
| PAYCHEX INC | PAYX | $578.3K | 5,881 | flat | 31q | HELD | |
| DORCHESTER MINERALS LP | DMLP | $568.9K | 22,530 | -0.01pp | 31q | HELD | |
| ISHARES TR | ITOT | $410.7K | 2,500 | flat | 8q | HELD | |
| HOME DEPOT INC | HD | $365.7K | 1,037 | flat | 8q | HELD | |
| BROADCOM INC | AVGO | $356.2K | 943 | +0.01pp | 5q | +38.7%+$99.3K | |
| META PLATFORMS INC | META | $330.7K | 587 | flat | 7q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $322.8K | 645 | flat | 12q | HELD | |
| WALMART INC | WMT | $308.1K | 2,720 | -0.01pp | 7q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $308.0K | 933 | flat | 8q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $306.1K | 527 | - | new | NEW | |
| GE VERNOVA INC | GEV | $282.0K | 240 | flat | 2q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $276.5K | 370 | -0.01pp | 15q | -36.5%-$159.2K | |
| EATON CORP PLC | ETN | $262.9K | 617 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $240.4K | 705 | - | new | NEW | |
| SOLSTICE ADVANCED MATLS INC | SOLS | $217.7K | 2,457 | - | new | NEW | |
| TECK RESOURCES LTD | TECK | $214.1K | 3,600 | - | new | NEW | |
| DELL TECHNOLOGIES INC | DELL | $212.3K | 492 | - | new | NEW | |
| VANGUARD INDEX FDS | VUG | $204.2K | 2,370 | - | new | NEW | |
| ARES CAPITAL CORP | ARCC | $197.6K | 10,663 | - | new | NEW | |
| CLENE INC | CLNN | $67.7K | 11,000 | flat | 6q | HELD | |
| GAMESQUARE HLDGS INC | GAME | $4.0K | 10,000 | flat | 3q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $260.0M | 23.2% |
| Energy | $164.1M | 14.6% |
| Semiconductors & Electronics | $141.2M | 12.6% |
| Biotech & Pharma | $109.1M | 9.7% |
| Business Services | $88.9M | 7.9% |
| Autos & Aerospace | $64.4M | 5.7% |
| Insurance | $57.3M | 5.1% |
| Computer Hardware | $53.6M | 4.8% |
| Food, Drink & Tobacco | $50.5M | 4.5% |
| Retail & Consumer | $39.8M | 3.5% |
| Industrials | $22.3M | 2.0% |
| Other sectors | $42.2M | 3.8% |
| Not classified | $29.2M | 2.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.1B | 79 | 10 | 11 | 18 | 6 | 55.4% | 15 |
| Q1 2026 | $1.0B | 75 | 3 | 1 | 26 | 3 | 54.3% | 21 |
| Q4 2025 | $1.0B | 75 | 2 | 13 | 17 | 3 | 56.4% | 16 |
| Q3 2025 | $967.6M | 76 | 3 | 7 | 22 | 3 | 56.2% | 21 |
| Q2 2025 | $887.9M | 76 | 3 | 9 | 20 | 2 | 54.6% | 15 |
| Q1 2025 | $845.4M | 75 | 1 | 11 | 16 | 7 | 52.7% | 23 |
| Q4 2024 | $918.8M | 81 | 6 | 12 | 23 | 2 | 54.5% | 16 |
| Q3 2024 | $889.1M | 77 | 34 | 18 | 2 | 2 | 51.4% | 18 |
| Q2 2024 | $647.2M | 45 | 0 | 7 | 19 | 2 | 59.2% | 19 |
| Q1 2024 | $644.7M | 47 | 1 | 12 | 20 | 0 | 54.6% | 25 |
| Q4 2023 | $587.8M | 46 | 4 | 14 | 16 | 4 | 57.6% | 19 |
| Q3 2023 | $570.8M | 46 | 5 | 7 | 16 | 3 | 57.6% | 19 |
| Q2 2023 | $561.5M | 44 | 3 | 11 | 14 | 2 | 58.1% | 18 |
| Q1 2023 | $545.0M | 43 | 2 | 14 | 8 | 2 | 57.5% | 21 |
| Q4 2022 | $510.2M | 43 | 3 | 7 | 22 | 3 | 57.8% | 24 |
| Q3 2022 | $498.6M | 43 | 0 | 19 | 5 | 2 | 58.8% | 21 |
| Q2 2022 | $531.8M | 45 | 1 | 9 | 18 | 1 | 57.7% | 15 |
| Q1 2022 | $622.7M | 45 | 3 | 8 | 16 | 3 | 56.5% | 27 |
| Q4 2021 | $589.4M | 45 | 2 | 10 | 16 | 2 | 59.7% | 20 |
| Q3 2021 | $547.4M | 45 | 2 | 9 | 17 | 5 | 57.2% | 21 |
| Q2 2021 | $571.7M | 48 | 3 | 13 | 9 | 4 | 55.3% | 19 |
| Q1 2021 | $522.4M | 49 | 5 | 10 | 14 | 1 | 54.4% | 21 |
| Q4 2020 | $466.4M | 45 | 2 | 11 | 19 | 0 | 57.2% | 22 |
| Q3 2020 | $384.3M | 43 | 1 | 11 | 3 | 4 | 59.2% | 28 |
| Q2 2020 | $368.2M | 46 | 5 | 2 | 4 | 2 | 59.3% | 29 |
| Q1 2020 | $287.9M | 43 | 3 | 8 | 14 | 9 | 65.5% | 20 |
| Q4 2019 | $337.2M | 49 | 9 | 12 | 16 | 4 | 67.8% | 17 |
| Q3 2019 | $319.7M | 44 | 6 | 4 | 12 | 1 | 66.6% | 25 |
| Q2 2019 | $295.8M | 39 | 1 | 3 | 1 | 2 | 67.3% | 16 |
| Q1 2019 | $289.1M | 40 | 5 | 4 | 16 | 3 | 70.9% | 25 |
| Q4 2018 | $257.4M | 38 | 0 | 0 | 0 | 0 | 71.2% | 18 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.