PENN DAVIS MCFARLAND INC

CIK

1108893

Location

DALLAS, TX

Portfolio Value

Small $875,114,164

Diversification

Diversified

Filing Date

Global Rank

#1,895 / 8,603 ▲ 62 · as of Mar 2026

Top Industry

Semiconductors 13.7%

3Y Alpha vs SPY

-4.8%

Period ended 3 months ago

Filed Apr 21, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+55.9%

SPY

+76.0%

Annualised alpha

-4.8%

Max drawdown

−18.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

70 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.9%

−0.7 pts

Top 5

32.0%

−1.1 pts

Top 10

53.1%

−1.8 pts

HHI

406

Diversified−19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	26.2%	$229,198,794	11
Energy	20.6%	$180,338,753	7
Healthcare	16.2%	$141,497,984	11
Industrials	11.8%	$103,550,753	8
Consumer Defensive	9.7%	$84,546,584	9
Communication Services	6.6%	$57,398,824	7
Consumer Cyclical	4.3%	$37,414,572	7
Financial Services	4.3%	$37,413,053	7
Unclassified	0.4%	$3,754,847	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ROIV	Roivant Sciences Ltd.	−265,666	1,592,623	$44,115,657
GOOGL	Alphabet Inc.	−62,683	109,454	$31,474,592
SIRI	Sirius Xm Holdings Inc.	−26,959	109,303	$2,522,713
KMI	Kinder Morgan, Inc.	−17,481	1,707,786	$57,262,064
BSM	Black Stone Minerals, L.P.	−7,879	1,959,588	$29,628,970
RTX	RTX Corp	−6,387	186,641	$36,003,048
EPD	Enterprise Products Partners L.P.	−5,140	1,175,998	$44,499,764
SHEL	Shell plc	−4,578	497,080	$46,228,440
LVS	Las Vegas Sands Corp	−3,606	401,434	$21,629,263
PYPL	PayPal Holdings, Inc.	−3,435	677,417	$30,639,570
AAPL	Apple Inc.	−2,452	179,438	$45,539,570
BMY	Bristol Myers Squibb Co	−1,989	336,264	$20,394,411
NVDA	Nvidia Corp	−1,695	498,338	$86,910,147
BUD	Anheuser-Busch InBev SA/NV	−1,578	485,264	$33,662,763
QCOM	Qualcomm Inc/De	−1,008	189,176	$24,362,085
UNH	Unitedhealth Group Inc	−1,003	136,346	$36,893,864
PFE	Pfizer Inc	−971	170,361	$4,783,736
MTCH	Match Group, Inc.	−615	524,758	$16,115,318
SFM	Sprouts Farmers Market, Inc.	−547	223,283	$17,221,817
SLV	iShares Silver Trust	−450	3,550	$241,897
XYL	Xylem Inc.	−375	95,672	$11,432,804
CHKP	Check Point Software Technologies Ltd	−334	122,108	$17,443,127
AMZN	Amazon Com Inc	−299	11,422	$2,378,859
SPY	Spdr S&P 500 ETF Trust	−273	583	$379,148
VZ	Verizon Communications Inc	−255	133,324	$6,692,864
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	155,266	$28,983,504
TPL	Texas Pacific Land Corp	450	$213,552
GEV	GE Vernova Inc.	240	$209,496
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TOST	Toast, Inc.	7,500	$266,325
ORCL	Oracle Corp	1,130	$220,248
DIS	Walt Disney Co	1,766	$200,917
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

70 positions · $875,114,164 total · as of Mar 31, 2026

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

Showing 1–50 of 70 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	498,338	-1,695	$86,910,147	−6.8%	9.93%
KMI	Kinder Morgan, Inc. Energy	Reduced	1,707,786	-17,481	$57,262,064	+20.7%	6.54%
SHEL	Shell plc Energy	Reduced	497,080	-4,578	$46,228,440	+25.4%	5.28%
AAPL	Apple Inc. Technology	Reduced	179,438	-2,452	$45,539,570	−7.9%	5.20%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,175,998	-5,140	$44,499,764	+17.5%	5.09%
ROIV	Roivant Sciences Ltd. Healthcare	Reduced	1,592,623	-265,666	$44,115,657	+9.4%	5.04%
UNH	Unitedhealth Group Inc Healthcare	Reduced	136,346	-1,003	$36,893,864	−18.6%	4.22%
RTX	RTX Corp Industrials	Reduced	186,641	-6,387	$36,003,048	+1.7%	4.11%
BUD	Anheuser-Busch InBev SA/NV Consumer Defensive	Reduced	485,264	-1,578	$33,662,763	+8.0%	3.85%
LMT	Lockheed Martin Corp Industrials	Reduced	55,524	-249	$33,558,150	+24.4%	3.83%
GOOGL	Alphabet Inc. Communication Services	Reduced	109,454	-62,683	$31,474,592	−41.6%	3.60%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	677,417	-3,435	$30,639,570	−22.9%	3.50%
BSM	Black Stone Minerals, L.P. Energy	Reduced	1,959,588	-7,879	$29,628,970	+13.3%	3.39%
CRM	Salesforce, Inc. Technology	NEW	155,266	NEW	$28,983,504	NEW	3.31%
QCOM	Qualcomm Inc/De Technology	Reduced	189,176	-1,008	$24,362,085	−25.1%	2.78%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	401,434	-3,606	$21,629,263	−18.0%	2.47%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	336,264	-1,989	$20,394,411	+11.8%	2.33%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	122,108	-334	$17,443,127	−23.2%	1.99%
SFM	Sprouts Farmers Market, Inc. Consumer Defensive	Reduced	223,283	-547	$17,221,817	−3.4%	1.97%
MTCH	Match Group, Inc. Communication Services	Reduced	524,758	-615	$16,115,318	−5.0%	1.84%
WM	Waste Management Inc Industrials	Reduced	56,580	-155	$13,001,518	+4.3%	1.49%
XYL	Xylem Inc. Industrials	Reduced	95,672	-375	$11,432,804	−12.6%	1.31%
MSFT	Microsoft Corp Technology	Reduced	28,374	-70	$10,503,203	−23.6%	1.20%
TGT	Target Corp Consumer Defensive	Reduced	84,571	-100	$10,250,005	+23.8%	1.17%
JNJ	Johnson & Johnson Healthcare	Reduced	41,344	-81	$10,106,127	+17.9%	1.15%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	87,070	-100	$8,399,642	−4.5%	0.96%
TXN	Texas Instruments Inc Technology	Held	41,567	0	$8,069,817	+11.9%	0.92%
VZ	Verizon Communications Inc Communication Services	Reduced	133,324	-255	$6,692,864	+23.0%	0.76%
ABBV	AbbVie Inc. Healthcare	Held	30,464	0	$6,625,615	−4.8%	0.76%
AMGN	Amgen Inc Healthcare	Reduced	18,766	-50	$6,602,817	+7.2%	0.75%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	21,017	-30	$6,531,873	+1.5%	0.75%
KO	Coca Cola Co Consumer Defensive	Reduced	82,523	-120	$6,275,874	+8.6%	0.72%
UPS	United Parcel Service Inc Industrials	Reduced	57,113	-88	$5,618,776	−1.0%	0.64%
ACN	Accenture plc Technology	Reduced	25,689	-111	$5,093,871	−26.4%	0.58%
PFE	Pfizer Inc Healthcare	Reduced	170,361	-971	$4,783,736	+12.1%	0.55%
PEP	Pepsico Inc Consumer Defensive	Reduced	29,133	-20	$4,524,063	+8.1%	0.52%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	3,223	-5	$4,064,847	−9.7%	0.46%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	26,448	0	$3,820,149	+0.8%	0.44%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	61,936	-130	$3,271,459	−17.3%	0.37%
ABT	Abbott Laboratories Healthcare	Held	31,215	0	$3,204,844	−18.1%	0.37%
AXP	American Express Co Financial Services	Reduced	10,546	-30	$3,189,954	−18.5%	0.36%
GLD	Spdr Gold Trust	Reduced	7,283	-184	$3,133,802	+5.9%	0.36%
HON	Honeywell International Inc Industrials	Reduced	11,538	-17	$2,735,117	+15.7%	0.31%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	29,291	-70	$2,624,180	+6.1%	0.30%
SIRI	Sirius Xm Holdings Inc. Communication Services	Reduced	109,303	-26,959	$2,522,713	−7.4%	0.29%
LLY	ELI LILLY & Co Healthcare	Reduced	2,695	-55	$2,478,780	−16.1%	0.28%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	11,422	-299	$2,378,859	−12.1%	0.27%
USPH	U S Physical Therapy Inc /Nv Healthcare	Reduced	29,713	-80	$2,227,286	−4.3%	0.25%
MTDR	Matador Resources Co Energy	Held	30,000	0	$1,895,400	+48.9%	0.22%
CSCO	Cisco Systems, Inc. Technology	Held	19,864	0	$1,541,247	+0.7%	0.18%