PENN DAVIS MCFARLAND INC
CIK 1108893 · View on SEC EDGAR ↗
- Portfolio value
- $1.1B
- Positions
- 79
- As of
- June 30, 2026
#2,264 of 9,443 by 13F value · top 24.0%
Portfolio value QoQ: +9.8% 13F does not disclose cash
- Top 10 holdings weight
- 55.44%
- Top 25 holdings weight
- 86.82%
- Positions above 1%
- 26
- Effective number of positions
- 21.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.77% Est. buys $44,394,436 · sells $29,707,535
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 79.0% still held
- New positions
- 10
- Increased
- 14
- Decreased
- 37
- Closed
- 6
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +16.8% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.3% · Options excluded: 0.0%
Sector breakdown
Technology
25.2%
Communication Services
18.6%
Healthcare
14.9%
Energy
14.7%
Industrials
8.0%
Consumer Staples
4.5%
Financial Services
3.2%
Retail
2.9%
Consumer Discretionary
2.4%
Consumer products
1.2%
Logistics & Transportation
0.5%
Telecommunication
0.5%
Communications
0.2%
Financials
0.2%
Materials
0.0%
Other/Unmapped
2.8%
Full portfolio 79 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOG Alphabet Inc. - Class C Capital Stock | $151,363,003 | 13.48% | 428,390 | $27,657,525 | Down ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $93,239,539 | 8.31% | 465,988 | $6,329,392 | Down ×6 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $56,633,328 | 5.04% | 136,259 | $19,739,464 | Down ×2 | ||
| ROIV Roivant Sciences Ltd. - Common Shares | $55,922,959 | 4.98% | 1,580,191 | $11,807,302 | Down ×3 | ||
| KMI Kinder Morgan, Inc. Common Stock | $53,503,138 | 4.77% | 1,673,542 | $-3,758,927 | Down ×6 | ||
| AAPL Apple Inc. - Common Stock | $50,783,043 | 4.52% | 175,501 | $5,243,408 | Down ×6 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $43,229,539 | 3.85% | 1,175,994 | $-1,270,225 | Down ×5 | ||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $39,919,481 | 3.56% | 320,793 | $34,825,609 | Up ×1 | ||
| BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) | $39,835,374 | 3.55% | 483,439 | $6,172,610 | Down ×2 | ||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $37,961,646 | 3.38% | 489,575 | $-8,266,794 | Down ×5 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $36,810,304 | 3.28% | 103,003 | $5,335,614 | Down ×3 | ||
| RTX RTX Corporation Common Stock | $35,389,768 | 3.15% | 186,527 | $-613,281 | Down ×6 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $34,611,167 | 3.08% | 187,300 | $10,249,082 | Down ×6 | ||
| PYPL PayPal Holdings, Inc. - Common Stock | $29,363,220 | 2.62% | 680,019 | $-1,276,351 | Up ×1 | ||
| LMT Lockheed Martin Corporation Common Stock | $28,320,881 | 2.52% | 55,590 | $-5,237,269 | Up ×1 | ||
| BSM Black Stone Minerals, L.P. Common units representing limited partner interests | $27,355,174 | 2.44% | 1,958,137 | $-2,273,797 | Down ×2 | ||
| CRM Salesforce, Inc. Common Stock | $24,598,910 | 2.19% | 157,021 | $-4,384,594 | Up ×1 | ||
| EVVTY | $23,793,478 | 2.12% | 345,936 | $2,410,229 | Up ×1 | ||
| MTCH Match Group, Inc. - Common Stock | $20,209,344 | 1.80% | 531,126 | $4,094,026 | Up ×1 | ||
| SFM Sprouts Farmers Market, Inc. - Common Stock | $18,885,107 | 1.68% | 223,281 | $1,663,289 | Down ×2 | ||
| LVS Las Vegas Sands Corp. Common Stock | $17,991,051 | 1.60% | 389,501 | $-3,638,213 | Down ×5 | ||
| CHKP Check Point Software Technologies Ltd. - Ordinary Shares | $16,047,997 | 1.43% | 122,103 | $-1,395,131 | Down ×6 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $13,864,236 | 1.23% | 240,615 | $-6,530,176 | Down ×6 | ||
| WM Waste Management, Inc. Common Stock | $12,563,746 | 1.12% | 56,370 | $-437,772 | Down ×6 | ||
| TXN Texas Instruments Incorporated - Common Stock | $12,452,768 | 1.11% | 41,778 | $4,382,951 | Up ×1 | ||
| XYL Xylem Inc. Common Stock New | $11,297,330 | 1.01% | 95,570 | $-135,474 | Down ×6 | ||
| TGT Target Corporation Common Stock | $11,011,207 | 0.98% | 84,306 | $761,202 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $10,672,475 | 0.95% | 28,611 | $169,271 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $10,467,881 | 0.93% | 41,217 | $361,754 | Down ×3 | ||
| KMB Kimberly-Clark Corporation - Common Stock | $9,310,691 | 0.83% | 84,820 | $911,048 | Down ×2 | ||
| ABBV AbbVie Inc. Common Stock | $7,707,733 | 0.69% | 30,630 | $1,082,118 | Up ×1 | ||
| AMGN Amgen Inc. - Common Stock | $6,789,026 | 0.60% | 18,748 | $186,209 | Down ×3 | ||
| KO Coca-Cola Company (The) Common Stock | $6,701,687 | 0.60% | 82,462 | $425,813 | Down ×6 | ||
| UPS United Parcel Service, Inc. Common Stock | $6,110,623 | 0.54% | 56,843 | $491,846 | Down ×2 | ||
| MCD McDonald's Corporation Common Stock | $5,680,294 | 0.51% | 21,014 | $-851,579 | Down ×3 | ||
| VZ Verizon Communications Inc. Common Stock | $5,596,035 | 0.50% | 132,169 | $-1,096,830 | Down ×2 | ||
| MTD Mettler-Toledo International, Inc. Common Stock | $4,111,027 | 0.37% | 3,218 | $46,179 | Down ×2 | ||
| PFE Pfizer, Inc. Common Stock | $4,079,513 | 0.36% | 169,415 | $-704,224 | Down ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $3,937,838 | 0.35% | 29,083 | $-586,226 | Down ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $3,862,498 | 0.34% | 26,340 | $42,349 | Down ×1 | ||
| AXP American Express Company Common Stock | $3,567,185 | 0.32% | 10,546 | $377,231 | |||
| LLY Eli Lilly and Company Common Stock | $3,232,464 | 0.29% | 2,695 | $753,684 | |||
| ABT Abbott Laboratories Common Stock | $2,832,449 | 0.25% | 31,215 | $-372,395 | |||
| GLD | $2,682,912 | 0.24% | 7,283 | $-450,890 | |||
| NKE Nike, Inc. Common Stock | $2,529,542 | 0.23% | 61,621 | $-741,918 | Down ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $2,344,384 | 0.21% | 19,959 | $803,136 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $2,340,410 | 0.21% | 7,150 | $1,707,966 | Up ×1 | ||
| USPH U.S. Physical Therapy, Inc. Common Stock | $2,040,689 | 0.18% | 29,713 | $-186,597 | |||
| AMZN Amazon.com, Inc. - Common Stock | $2,026,367 | 0.18% | 8,502 | $-352,493 | Down ×4 | ||
| FCFS FirstCash Holdings, Inc. - Common Stock | $1,561,830 | 0.14% | 7,220 | $204,470 | |||
| MTDR Matador Resources Company Common Stock | $1,493,400 | 0.13% | 30,000 | $-402,000 | |||
| CAT Caterpillar, Inc. Common Stock | $1,414,187 | 0.13% | 1,328 | $422,343 | Down ×4 | ||
| Unknown issuer (CUSIP: 438516205) | $1,290,672 | 0.11% | 5,765 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $1,274,416 | 0.11% | 5,765 | Up ×1 | |||
| VOO | $1,170,324 | 0.10% | 1,704 | $472,386 | Up ×2 | ||
| XOM Exxon Mobil Corporation Common Stock | $1,055,205 | 0.09% | 7,718 | $-114,431 | Up ×1 | ||
| V Visa Inc. | $1,046,425 | 0.09% | 3,050 | $33,921 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $721,329 | 0.06% | 1,715 | $83,778 | |||
| PAYX Paychex, Inc. - Common Stock | $578,279 | 0.05% | 5,881 | $36,521 | |||
| DMLP Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests | $568,883 | 0.05% | 22,530 | $-41,680 | |||
| ITOT | $410,675 | 0.04% | 2,500 | $54,600 | |||
| HD Home Depot, Inc. (The) Common Stock | $365,729 | 0.03% | 1,037 | $24,341 | Down ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $356,218 | 0.03% | 943 | $145,751 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $330,651 | 0.03% | 587 | $-5,189 | |||
| BRKB | $322,752 | 0.03% | 645 | $13,668 | |||
| WMT Walmart Inc. - Common Stock | $308,067 | 0.03% | 2,720 | $-29,975 | |||
| TRV The Travelers Companies, Inc. Common Stock | $308,002 | 0.03% | 933 | $35,865 | |||
| AMD Advanced Micro Devices, Inc. - Common Stock | $306,140 | 0.03% | 527 | Up ×1 | |||
| GEV GE Vernova Inc. Common Stock | $281,966 | 0.03% | 240 | $72,470 | |||
| SPY SPY | $276,481 | 0.02% | 370 | $-102,757 | Down ×4 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $262,916 | 0.02% | 617 | Up ×1 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $240,419 | 0.02% | 705 | Up ×1 | |||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $217,690 | 0.02% | 2,457 | Up ×1 | |||
| TECK Teck Resources Ltd Ordinary Shares | $214,056 | 0.02% | 3,600 | Up ×1 | |||
| DELL Dell Technologies Inc. Class C Common Stock | $212,278 | 0.02% | 492 | Up ×1 | |||
| VUG | $204,152 | 0.02% | 2,370 | Up ×1 | |||
| ARCC Ares Capital Corporation - Closed End Fund | $197,585 | 0.02% | 10,663 | Up ×1 | |||
| CLNN Clene Inc. - Common Stock | $67,705 | 0.01% | 11,000 | $13,475 | |||
| GAME GameSquare Holdings, Inc. - Common stock | $3,950 | 0.00% | 10,000 | $1,250 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 438516205) | $1,290,672 | 5,765 | 0.11% |
| Unknown issuer (CUSIP: 43849R105) | $1,274,416 | 5,765 | 0.11% |
| AMD | $306,140 | 527 | 0.03% |
| ETN | $262,916 | 617 | 0.02% |
| PANW | $240,419 | 705 | 0.02% |
| SOLS | $217,690 | 2,457 | 0.02% |
| TECK | $214,056 | 3,600 | 0.02% |
| DELL | $212,278 | 492 | 0.02% |
| VUG | $204,152 | 2,370 | 0.02% |
| ARCC | $197,585 | 10,663 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| GOOG | Trimmed | -3K | +$27.7M |
| UNH | Trimmed | -87 | +$19.7M |
| ROIV | Trimmed | -12K | +$11.8M |
| QCOM | Trimmed | -2K | +$10.2M |
| SHEL | Trimmed | -8K | -$8.3M |
| BMY | Trimmed | -96K | -$6.5M |
| NVDA | Trimmed | -32K | +$6.3M |
| BUD | Trimmed | -2K | +$6.2M |
| GOOGL | Trimmed | -6K | +$5.3M |
| AAPL | Trimmed | -4K | +$5.2M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| FTRE | March 31, 2025 | 1,106,080 | $20,628,392 | 137.9% |
| DESP | June 30, 2025 | 198,500 | $3,729,815 | No longer tracked |
| ALLY | March 31, 2025 | 74,455 | $2,681,125 | 17.9% |
| SBUX | June 30, 2026 | 29,291 | $2,624,181 | 1.4% |
| HON | June 30, 2026 | 11,538 | $2,607,934 | -1.9% |
| BDX | Sept. 30, 2025 | 14,758 | $2,542,066 | 28.3% |
| SIRI | June 30, 2026 | 109,303 | $2,522,713 | -2.4% |
| CL | Dec. 31, 2025 | 30,280 | $2,420,583 | 14.2% |
| EBAY | March 31, 2025 | 29,806 | $1,846,482 | 53.6% |
| BRKA | March 31, 2025 | 1 | $680,920 | No longer tracked |
| MA | Sept. 30, 2025 | 947 | $532,157 | 1.1% |
| IDXX | Sept. 30, 2025 | 761 | $408,155 | -14.4% |
| TOST | March 31, 2026 | 7,500 | $266,325 | 34.4% |
| GSLC | Dec. 31, 2025 | 2,000 | $260,560 | No longer tracked |
| NFLX | June 30, 2026 | 2,650 | $254,798 | 11.4% |
| SLV | June 30, 2026 | 3,550 | $241,897 | No longer tracked |
| AVGO | March 31, 2025 | 955 | $221,407 | 122.6% |
| ORCL | March 31, 2026 | 1,130 | $220,248 | -0.4% |
| ORCL | March 31, 2025 | 1,290 | $214,966 | 4.8% |
| DIS | March 31, 2025 | 1,921 | $213,903 | 8.5% |
| TPL | June 30, 2026 | 450 | $213,552 | -14.1% |
| DIS | March 31, 2026 | 1,766 | $200,918 | 11.2% |
| GAMEXXXX | Dec. 31, 2025 | 10,000 | $6,788 | No longer tracked |