PENN DAVIS MCFARLAND INC
CIK 0001108893
Annualised vol
11.451338%
Beta
0.542654
HHI
476.590733
Top-10 weight
55.439809%
VaR 95%
1.060133%
VaR 99%
2.178184%
Max drawdown
19.060762%
Matched value
68.484739%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVDA | REDUCED | 465,988 | 498,338 | -6.49% | 93,239,539 |
| UNH | REDUCED | 136,259 | 136,346 | -0.06% | 56,633,328 |
| ROIV | REDUCED | 1,580,191 | 1,592,623 | -0.78% | 55,922,959 |
| KMI | REDUCED | 1,673,542 | 1,707,786 | -2.01% | 53,503,138 |
| AAPL | REDUCED | 175,501 | 179,438 | -2.19% | 50,783,043 |
| ACN | ADDED | 320,793 | 25,689 | 1148.76% | 39,919,481 |
| BUD | REDUCED | 483,439 | 485,264 | -0.38% | 39,835,374 |
| SHEL | REDUCED | 489,575 | 497,080 | -1.51% | 37,961,646 |
| RTX | REDUCED | 186,527 | 186,641 | -0.06% | 35,389,768 |
| PYPL | ADDED | 680,019 | 677,417 | 0.38% | 29,363,220 |
| LMT | ADDED | 55,590 | 55,524 | 0.12% | 28,320,881 |
| CRM | ADDED | 157,021 | 155,266 | 1.13% | 24,598,910 |
| MTCH | ADDED | 531,126 | 524,758 | 1.21% | 20,209,344 |
| SFM | REDUCED | 223,281 | 223,283 | 0.0% | 18,885,107 |
| LVS | REDUCED | 389,501 | 401,434 | -2.97% | 17,991,051 |
| BMY | REDUCED | 240,615 | 336,264 | -28.44% | 13,864,236 |
| TXN | ADDED | 41,778 | 41,567 | 0.51% | 12,452,768 |
| XYL | REDUCED | 95,570 | 95,672 | -0.11% | 11,297,330 |
| TGT | REDUCED | 84,306 | 84,571 | -0.31% | 11,011,207 |
| MSFT | ADDED | 28,611 | 28,374 | 0.84% | 10,672,475 |
| JNJ | REDUCED | 41,217 | 41,344 | -0.31% | 10,467,881 |
| KMB | REDUCED | 84,820 | 87,070 | -2.58% | 9,310,691 |
| ABBV | ADDED | 30,630 | 30,464 | 0.54% | 7,707,733 |
| AMGN | REDUCED | 18,748 | 18,766 | -0.1% | 6,789,026 |
| KO | REDUCED | 82,462 | 82,523 | -0.07% | 6,701,687 |
| UPS | REDUCED | 56,843 | 57,113 | -0.47% | 6,110,623 |
| MCD | REDUCED | 21,014 | 21,017 | -0.01% | 5,680,294 |
| VZ | REDUCED | 132,169 | 133,324 | -0.87% | 5,596,035 |
| MTD | REDUCED | 3,218 | 3,223 | -0.16% | 4,111,027 |
| PFE | REDUCED | 169,415 | 170,361 | -0.56% | 4,079,513 |
| PEP | REDUCED | 29,083 | 29,133 | -0.17% | 3,937,838 |
| PG | REDUCED | 26,340 | 26,448 | -0.41% | 3,862,498 |
| AXP | UNCHANGED | 10,546 | 10,546 | 0.0% | 3,567,185 |
| LLY | UNCHANGED | 2,695 | 2,695 | 0.0% | 3,232,464 |
| ABT | UNCHANGED | 31,215 | 31,215 | 0.0% | 2,832,449 |
| GLD | UNCHANGED | 7,283 | 7,283 | 0.0% | 2,682,912 |
| NKE | REDUCED | 61,621 | 61,936 | -0.51% | 2,529,542 |
| CSCO | ADDED | 19,959 | 19,864 | 0.48% | 2,344,384 |
| USPH | UNCHANGED | 29,713 | 29,713 | 0.0% | 2,040,689 |
| AMZN | REDUCED | 8,502 | 11,422 | -25.56% | 2,026,367 |
| MTDR | UNCHANGED | 30,000 | 30,000 | 0.0% | 1,493,400 |
| CAT | REDUCED | 1,328 | 1,400 | -5.14% | 1,414,187 |
| HON | REDUCED | 5,765 | 11,538 | -50.03% | 1,290,672 |
| HONA | NEW | 5,765 | - | - | 1,274,416 |
| V | REDUCED | 3,050 | 3,350 | -8.96% | 1,046,425 |
| TSLA | UNCHANGED | 1,715 | 1,715 | 0.0% | 721,329 |
| PAYX | UNCHANGED | 5,881 | 5,881 | 0.0% | 578,279 |
| HD | REDUCED | 1,037 | 1,038 | -0.1% | 365,729 |
| AVGO | ADDED | 943 | 680 | 38.68% | 356,218 |
| META | UNCHANGED | 587 | 587 | 0.0% | 330,651 |
| BRK-B | UNCHANGED | 645 | 645 | 0.0% | 322,752 |
| TRV | UNCHANGED | 933 | 933 | 0.0% | 308,002 |
| AMD | NEW | 527 | - | - | 306,140 |
| GEV | UNCHANGED | 240 | 240 | 0.0% | 281,966 |
| SPY | REDUCED | 370 | 583 | -36.54% | 276,481 |
| ETN | NEW | 617 | - | - | 262,916 |
| PANW | NEW | 705 | - | - | 240,419 |
| SOLS | NEW | 2,457 | - | - | 217,690 |
| TECK | NEW | 3,600 | - | - | 214,056 |
| CLNN | UNCHANGED | 11,000 | 11,000 | 0.0% | 67,705 |
| GAME | UNCHANGED | 10,000 | 10,000 | 0.0% | 3,950 |
| SBUX | CLOSED OUT | 0 | 29,291 | -100.0% | 0 |
| NFLX | CLOSED OUT | 0 | 2,650 | -100.0% | 0 |
| TPL | CLOSED OUT | 0 | 450 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ALPHABET, INC. CL C (GOOGLE C) | Common Stocks | 02079K107 | 151,363,003 | 13.48 | 428390.0 | |
| NVDA | REDUCED | NVIDIA CORP | Common Stocks | 67066G104 | 93,239,539 | 8.31 | 465988.0 |
| UNH | REDUCED | UNITEDHEALTH GROUP, INC. | Common Stocks | 91324P102 | 56,633,328 | 5.04 | 136259.0 |
| ROIV | REDUCED | ROIVANT SCIENCES LTD. | Common Stocks | G76279101 | 55,922,959 | 4.98 | 1580191.0 |
| KMI | REDUCED | KINDER MORGAN, INC. | Common Stocks | 49456B101 | 53,503,138 | 4.77 | 1673542.0 |
| AAPL | REDUCED | APPLE, INC. | Common Stocks | 037833100 | 50,783,043 | 4.52 | 175501.0 |
| - | ENTERPRISE PRODUCTS PRTNS | Common Stocks | 293792107 | 43,229,539 | 3.85 | 1175994.0 | |
| ACN | ADDED | ACCENTURE PLC | Common Stocks | G1151C101 | 39,919,481 | 3.56 | 320793.0 |
| BUD | REDUCED | ANHEUSER-BUSCH INBEV SA/NV | Common Stocks | 03524A108 | 39,835,374 | 3.55 | 483439.0 |
| SHEL | REDUCED | SHELL PLC | Common Stocks | 780259305 | 37,961,646 | 3.38 | 489575.0 |
| - | ALPHABET, INC. CL A (GOOGLE A) | Common Stocks | 02079K305 | 36,810,304 | 3.28 | 103003.0 | |
| RTX | REDUCED | RTX CORP. | Common Stocks | 75513E101 | 35,389,768 | 3.15 | 186527.0 |
| - | QUALCOMM, INC. | Common Stocks | 747525103 | 34,611,167 | 3.08 | 187300.0 | |
| PYPL | ADDED | PAYPAL HOLDINGS, INC. | Common Stocks | 70450Y103 | 29,363,220 | 2.62 | 680019.0 |
| LMT | ADDED | LOCKHEED MARTIN CORP | Common Stocks | 539830109 | 28,320,881 | 2.52 | 55590.0 |
| - | BLACK STONE MINERALS LP | Common Stocks | 09225M101 | 27,355,174 | 2.44 | 1958137.0 | |
| CRM | ADDED | SALESFORCE INC | Common Stocks | 79466L302 | 24,598,910 | 2.19 | 157021.0 |
| - | EVOLUTION AB-ADR | Common Stocks | 30051E104 | 23,793,478 | 2.12 | 345936.0 | |
| MTCH | ADDED | MATCH GROUP INC. | Common Stocks | 57667L107 | 20,209,344 | 1.8 | 531126.0 |
| SFM | REDUCED | SPROUTS FARMERS MARKET INC | Common Stocks | 85208M102 | 18,885,107 | 1.68 | 223281.0 |
| LVS | REDUCED | LAS VEGAS SANDS | Common Stocks | 517834107 | 17,991,051 | 1.6 | 389501.0 |
| - | CHECK POINT SOFTWARE TECH | Common Stocks | M22465104 | 16,047,997 | 1.43 | 122103.0 | |
| BMY | REDUCED | BRISTOL-MYERS SQUIBB CO | Common Stocks | 110122108 | 13,864,236 | 1.23 | 240615.0 |
| - | WASTE MANGEMENT, INC. | Common Stocks | 94106L109 | 12,563,746 | 1.12 | 56370.0 | |
| TXN | ADDED | TEXAS INSTRUMENTS, INC. | Common Stocks | 882508104 | 12,452,768 | 1.11 | 41778.0 |
| XYL | REDUCED | XYLEM, INC. | Common Stocks | 98419M100 | 11,297,330 | 1.01 | 95570.0 |
| TGT | REDUCED | TARGET CORP | Common Stocks | 87612E106 | 11,011,207 | 0.98 | 84306.0 |
| MSFT | ADDED | MICROSOFT CORPORATION | Common Stocks | 594918104 | 10,672,475 | 0.95 | 28611.0 |
| JNJ | REDUCED | JOHNSON & JOHNSON | Common Stocks | 478160104 | 10,467,881 | 0.93 | 41217.0 |
| KMB | REDUCED | KIMBERLY CLARK, CORP. | Common Stocks | 494368103 | 9,310,691 | 0.83 | 84820.0 |
| ABBV | ADDED | ABBVIE, INC. | Common Stocks | 00287Y109 | 7,707,733 | 0.69 | 30630.0 |
| AMGN | REDUCED | AMGEN, INC. | Common Stocks | 031162100 | 6,789,026 | 0.6 | 18748.0 |
| KO | REDUCED | COCA-COLA COMPANY | Common Stocks | 191216100 | 6,701,687 | 0.6 | 82462.0 |
| UPS | REDUCED | UNITED PARCEL SERVICE, INC. | Common Stocks | 911312106 | 6,110,623 | 0.54 | 56843.0 |
| MCD | REDUCED | MCDONALDS, CORP. | Common Stocks | 580135101 | 5,680,294 | 0.51 | 21014.0 |
| VZ | REDUCED | VERIZON COMMUNICATIONS | Common Stocks | 92343V104 | 5,596,035 | 0.5 | 132169.0 |
| MTD | REDUCED | METTLER-TOLEDO INTERNATIONAL, INC. | Common Stocks | 592688105 | 4,111,027 | 0.37 | 3218.0 |
| PFE | REDUCED | PFIZER, INC. | Common Stocks | 717081103 | 4,079,513 | 0.36 | 169415.0 |
| PEP | REDUCED | PEPSICO, INC. | Common Stocks | 713448108 | 3,937,838 | 0.35 | 29083.0 |
| PG | REDUCED | PROCTER & GAMBLE, CO. | Common Stocks | 742718109 | 3,862,498 | 0.34 | 26340.0 |
| AXP | UNCHANGED | AMERICAN EXPRESS, CO. | Common Stocks | 025816109 | 3,567,185 | 0.32 | 10546.0 |
| LLY | UNCHANGED | ELI LILLY & CO. | Common Stocks | 532457108 | 3,232,464 | 0.29 | 2695.0 |
| ABT | UNCHANGED | ABBOTT LABORATORIES | Common Stocks | 002824100 | 2,832,449 | 0.25 | 31215.0 |
| GLD | UNCHANGED | SPDR GOLD TRUST | Common Stocks | 78463V107 | 2,682,912 | 0.24 | 7283.0 |
| NKE | REDUCED | NIKE, INC. | Common Stocks | 654106103 | 2,529,542 | 0.23 | 61621.0 |
| CSCO | ADDED | CISCO SYSTEMS, INC. | Common Stocks | 17275R102 | 2,344,384 | 0.21 | 19959.0 |
| - | JP MORGAN CHASE & CO | Common Stocks | 46625H100 | 2,340,410 | 0.21 | 7150.0 | |
| USPH | UNCHANGED | U.S. PHYSICAL THERAPY, INC. | Common Stocks | 90337L108 | 2,040,689 | 0.18 | 29713.0 |
| AMZN | REDUCED | AMAZON, INC. | Common Stocks | 023135106 | 2,026,367 | 0.18 | 8502.0 |
| - | FIRSTCASH HLDGS, INC. | Common Stocks | 33768G107 | 1,561,830 | 0.14 | 7220.0 | |
| MTDR | UNCHANGED | MATADOR RESOURCES CO. | Common Stocks | 576485205 | 1,493,400 | 0.13 | 30000.0 |
| CAT | REDUCED | CATERPILLAR, INC. | Common Stocks | 149123101 | 1,414,187 | 0.13 | 1328.0 |
| HON | REDUCED | HONEYWELL INTERNATIONAL, INC. | Common Stocks | 438516205 | 1,290,672 | 0.11 | 5765.0 |
| HONA | NEW | HONEYWELL AEROSPACE INC | Common Stocks | 43849R105 | 1,274,416 | 0.11 | 5765.0 |
| - | VANGUARD S&P 500 ETF | Common Stocks | 922908363 | 1,170,324 | 0.1 | 1704.0 | |
| - | EXXON MOBIL, CORP. | Common Stocks | 30231G102 | 1,055,205 | 0.09 | 7718.0 | |
| V | REDUCED | VISA, INC. | Common Stocks | 92826C839 | 1,046,425 | 0.09 | 3050.0 |
| TSLA | UNCHANGED | TESLA, INC. | Common Stocks | 88160R101 | 721,329 | 0.06 | 1715.0 |
| PAYX | UNCHANGED | PAYCHEX INC. | Common Stocks | 704326107 | 578,279 | 0.05 | 5881.0 |
| - | DORCHESTER MINERALS LP | Common Stocks | 25820R105 | 568,883 | 0.05 | 22530.0 | |
| - | ISHARES TOTAL US STOCK MARKET ETF | Common Stocks | 464287150 | 410,675 | 0.04 | 2500.0 | |
| HD | REDUCED | HOME DEPOT, INC. | Common Stocks | 437076102 | 365,729 | 0.03 | 1037.0 |
| AVGO | ADDED | BROADCOM INC | Common Stocks | 11135F101 | 356,218 | 0.03 | 943.0 |
| META | UNCHANGED | META PLATFORMS, INC. | Common Stocks | 30303M102 | 330,651 | 0.03 | 587.0 |
| BRK-B | UNCHANGED | BERKSHIRE HATHAWAY CLASS B | Common Stocks | 084670702 | 322,752 | 0.03 | 645.0 |
| - | WAL-MART INC. | Common Stocks | 931142103 | 308,067 | 0.03 | 2720.0 | |
| TRV | UNCHANGED | TRAVELERS COMPANIES | Common Stocks | 89417E109 | 308,002 | 0.03 | 933.0 |
| AMD | NEW | ADVANCED MICRO DEVICES INC | Common Stocks | 007903107 | 306,140 | 0.03 | 527.0 |
| GEV | UNCHANGED | GE VERNOVA LLC | Common Stocks | 36828A101 | 281,966 | 0.03 | 240.0 |
| SPY | REDUCED | SPDR S & P 500 ETF | Common Stocks | 78462F103 | 276,481 | 0.02 | 370.0 |
| ETN | NEW | EATON CORPORATION PLC | Common Stocks | G29183103 | 262,916 | 0.02 | 617.0 |
| PANW | NEW | PALO ALTO NETWORKS, INC. | Common Stocks | 697435105 | 240,419 | 0.02 | 705.0 |
| SOLS | NEW | SOLSTICE ADVANCED MATERIALS, INC. | Common Stocks | 83443Q103 | 217,690 | 0.02 | 2457.0 |
| TECK | NEW | TECK RESOURCES LTD. CLASS B | Common Stocks | 878742204 | 214,056 | 0.02 | 3600.0 |
| - | DELL INC | Common Stocks | 24703L202 | 212,278 | 0.02 | 492.0 | |
| - | VANGUARD GROWTH ETF | Common Stocks | 922908736 | 204,152 | 0.02 | 2370.0 | |
| - | ARES CAP CORP COM | Common Stocks | 04010L103 | 197,585 | 0.02 | 10663.0 | |
| CLNN | UNCHANGED | CLENE, INC. | Common Stocks | 185634201 | 67,705 | 0.01 | 11000.0 |
| GAME | UNCHANGED | GAMESQUARE HOLDINGS, INC. | Common Stocks | 36468G103 | 3,950 | 0.0 | 10000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-15 | 1,122,642,843 | 79 | 11.451338 | 0.542654 | 19.060762 |
| 2026-03-31 | 2026-04-21 | 1,022,299,636 | 75 | 11.476916 | 0.543825 | 19.135063 |
| 2025-12-31 | 2026-01-16 | 1,043,824,190 | 75 | 11.168574 | 0.529805 | 18.353003 |
| 2025-09-30 | 2025-10-21 | 967,649,242 | 76 | 11.782341 | 0.560915 | 19.30916 |
| 2025-03-31 | 2025-04-23 | 845,377,546 | 75 | 11.094725 | 0.528471 | 19.189526 |
| 2024-12-31 | 2025-01-16 | 918,781,837 | 81 | 11.865643 | 0.564509 | 18.893651 |