PENN DAVIS MCFARLAND INC

CIK

1108893

Location

DALLAS, TX

Portfolio Value

Small $945,699,472

Diversification

Diversified

Filing Date

Global Rank

#428 / 3,203 ▲ 1477

Top Industry

Semiconductors 15.0%

3Y Alpha vs SPY

-3.4%

Period ended 30 days ago

Filed Jul 15, 2026 · 15d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+53.3%

SPY

+65.3%

Annualised alpha

-2.9%

Max drawdown

−18.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

74 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.9%

−0.1 pts

Top 5

32.8%

+0.8 pts

Top 10

53.7%

+0.7 pts

HHI

409

Diversified+4

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	30.3%	$286,363,019	14
Healthcare	17.7%	$167,681,303	11
Energy	17.5%	$165,166,980	7
Industrials	10.4%	$98,205,108	10
Consumer Defensive	9.9%	$93,920,224	9
Communication Services	6.7%	$62,950,162	5
Financial Services	4.1%	$38,707,404	8
Consumer Cyclical	3.1%	$29,314,311	6
Unclassified	0.3%	$2,959,215	2
Basic Materials	0.0%	$431,746	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
ACN	Accenture plc	+295,104	320,793	$39,919,480
MTCH	Match Group, Inc.	+6,368	531,126	$20,209,344
JPM	Jpmorgan Chase & Co	+5,000	7,150	$2,340,409
PYPL	PayPal Holdings, Inc.	+2,602	680,019	$29,363,220
CRM	Salesforce, Inc.	+1,755	157,021	$24,598,909
XOM	ExxonMobil Holdings Corp	+824	7,718	$1,055,204
AVGO	Broadcom Inc.	+263	943	$356,218
MSFT	Microsoft Corp	+237	28,611	$10,672,475
TXN	Texas Instruments Inc	+211	41,778	$12,452,768
ABBV	AbbVie Inc.	+166	30,630	$7,707,733
CSCO	Cisco Systems, Inc.	+95	19,959	$2,344,384
LMT	Lockheed Martin Corp	+66	55,590	$28,320,881
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BMY	Bristol Myers Squibb Co	−95,649	240,615	$13,864,236
KMI	Kinder Morgan, Inc.	−34,244	1,673,542	$53,503,137
NVDA	Nvidia Corp	−32,350	465,988	$93,239,538
ROIV	Roivant Sciences Ltd.	−12,432	1,580,191	$55,922,959
LVS	Las Vegas Sands Corp	−11,933	389,501	$17,991,051
SHEL	Shell plc	−7,505	489,575	$37,961,645
GOOGL	Alphabet Inc.	−6,451	103,003	$36,810,182
HON	Honeywell International Inc	−5,773	5,765	$1,290,783
AAPL	Apple Inc.	−3,937	175,501	$50,782,969
AMZN	Amazon Com Inc	−2,920	8,502	$2,026,366
KMB	Kimberly Clark Corp	−2,250	84,820	$9,310,691
QCOM	Qualcomm Inc/De	−1,876	187,300	$34,611,167
BUD	Anheuser-Busch InBev SA/NV	−1,825	483,439	$39,835,373
BSM	Black Stone Minerals, L.P.	−1,451	1,958,137	$27,355,173
VZ	Verizon Communications Inc	−1,155	132,169	$5,596,035
PFE	Pfizer Inc	−946	169,415	$4,079,513
NKE	NIKE, Inc.	−315	61,621	$2,529,542
V	Visa Inc.	−300	3,050	$1,046,424
UPS	United Parcel Service Inc	−270	56,843	$6,110,622
TGT	Target Corp	−265	84,306	$11,011,206
SPY	Spdr S&P 500 ETF Trust	−213	370	$276,304
WM	Waste Management Inc	−210	56,370	$12,563,745
JNJ	Johnson & Johnson	−127	41,217	$10,467,881
RTX	RTX Corp	−114	186,527	$35,389,767
PG	PROCTER & GAMBLE Co	−108	26,340	$3,862,497
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	5,765	$1,272,912
AMD	Advanced Micro Devices Inc	527	$306,139
ETN	Eaton Corp plc	617	$262,916
PANW	Palo Alto Networks Inc	705	$240,419
SOLS	Solstice Advanced Materials Inc.	2,457	$217,690
TECK	Teck Resources Ltd	3,600	$214,056
DELL	Dell Technologies Inc.	492	$212,278
ARCC	Ares Capital Corp	10,663	$197,585
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
SBUX	Starbucks Corp	29,291	$2,624,180
SIRI	Sirius Xm Holdings Inc.	109,303	$2,522,713
NFLX	Netflix Inc	2,650	$254,797
SLV	iShares Silver Trust	3,550	$241,897
TPL	Texas Pacific Land Corp	450	$213,552
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 tracked positions · $945,699,472 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	465,988	-32,350	$93,239,538	+7.3%	9.86%
UNH	Unitedhealth Group Inc Healthcare	Reduced	136,259	-87	$56,633,328	+53.5%	5.99%
ROIV	Roivant Sciences Ltd. Healthcare	Reduced	1,580,191	-12,432	$55,922,959	+26.8%	5.91%
KMI	Kinder Morgan, Inc. Energy	Reduced	1,673,542	-34,244	$53,503,137	−6.6%	5.66%
AAPL	Apple Inc. Technology	Reduced	175,501	-3,937	$50,782,969	+11.5%	5.37%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,175,994	-4	$43,229,539	−2.9%	4.57%
ACN	Accenture plc Technology	Added	320,793	+295,104	$39,919,480	+683.7%	4.22%
BUD	Anheuser-Busch InBev SA/NV Consumer Defensive	Reduced	483,439	-1,825	$39,835,373	+18.3%	4.21%
SHEL	Shell plc Energy	Reduced	489,575	-7,505	$37,961,645	−17.9%	4.01%
GOOGL	Alphabet Inc. Communication Services	Reduced	103,003	-6,451	$36,810,182	+17.0%	3.89%
RTX	RTX Corp Industrials	Reduced	186,527	-114	$35,389,767	−1.7%	3.74%
QCOM	Qualcomm Inc/De Technology	Reduced	187,300	-1,876	$34,611,167	+42.1%	3.66%
PYPL	PayPal Holdings, Inc. Financial Services	Added	680,019	+2,602	$29,363,220	−4.2%	3.10%
LMT	Lockheed Martin Corp Industrials	Added	55,590	+66	$28,320,881	−15.6%	2.99%
BSM	Black Stone Minerals, L.P. Energy	Reduced	1,958,137	-1,451	$27,355,173	−7.7%	2.89%
CRM	Salesforce, Inc. Technology	Added	157,021	+1,755	$24,598,909	−15.1%	2.60%
MTCH	Match Group, Inc. Communication Services	Added	531,126	+6,368	$20,209,344	+25.4%	2.14%
SFM	Sprouts Farmers Market, Inc. Consumer Defensive	Reduced	223,281	-2	$18,885,106	+9.7%	2.00%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	389,501	-11,933	$17,991,051	−16.8%	1.90%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	122,103	-5	$16,047,997	−8.0%	1.70%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	240,615	-95,649	$13,864,236	−32.0%	1.47%
WM	Waste Management Inc Industrials	Reduced	56,370	-210	$12,563,745	−3.4%	1.33%
TXN	Texas Instruments Inc Technology	Added	41,778	+211	$12,452,768	+54.3%	1.32%
XYL	Xylem Inc. Industrials	Reduced	95,570	-102	$11,297,329	−1.2%	1.19%
TGT	Target Corp Consumer Defensive	Reduced	84,306	-265	$11,011,206	+7.4%	1.16%
MSFT	Microsoft Corp Technology	Added	28,611	+237	$10,672,475	+1.6%	1.13%
JNJ	Johnson & Johnson Healthcare	Reduced	41,217	-127	$10,467,881	+3.6%	1.11%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	84,820	-2,250	$9,310,691	+10.8%	0.98%
ABBV	AbbVie Inc. Healthcare	Added	30,630	+166	$7,707,733	+16.3%	0.82%
AMGN	Amgen Inc Healthcare	Reduced	18,748	-18	$6,789,025	+2.8%	0.72%
KO	Coca Cola Co Consumer Defensive	Reduced	82,462	-61	$6,701,686	+6.8%	0.71%
UPS	United Parcel Service Inc Industrials	Reduced	56,843	-270	$6,110,622	+8.8%	0.65%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	21,014	-3	$5,680,294	−13.0%	0.60%
VZ	Verizon Communications Inc Communication Services	Reduced	132,169	-1,155	$5,596,035	−16.4%	0.59%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	3,218	-5	$4,111,027	+1.1%	0.43%
PFE	Pfizer Inc Healthcare	Reduced	169,415	-946	$4,079,513	−14.7%	0.43%
PEP	Pepsico Inc Consumer Defensive	Reduced	29,083	-50	$3,937,838	−13.0%	0.42%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	26,340	-108	$3,862,497	+1.1%	0.41%
AXP	American Express Co Financial Services	Held	10,546	0	$3,567,184	+11.8%	0.38%
LLY	ELI LILLY & Co Healthcare	Held	2,695	0	$3,232,464	+30.4%	0.34%
ABT	Abbott Laboratories Healthcare	Held	31,215	0	$2,832,449	−11.6%	0.30%
GLD	Spdr Gold Trust	Held	7,283	0	$2,682,911	−14.4%	0.28%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	61,621	-315	$2,529,542	−22.7%	0.27%
CSCO	Cisco Systems, Inc. Technology	Added	19,959	+95	$2,344,384	+52.1%	0.25%
JPM	Jpmorgan Chase & Co Financial Services	Added	7,150	+5,000	$2,340,409	+270.1%	0.25%
USPH	U S Physical Therapy Inc /Nv Healthcare	Held	29,713	0	$2,040,688	−8.4%	0.22%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	8,502	-2,920	$2,026,366	−14.8%	0.21%
FCFS	FirstCash Holdings, Inc. Financial Services	Held	7,220	0	$1,561,830	+15.1%	0.17%
MTDR	Matador Resources Co Energy	Held	30,000	0	$1,493,400	−21.2%	0.16%
CAT	Caterpillar Inc Industrials	Reduced	1,328	-72	$1,414,187	+42.6%	0.15%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.