PENN DAVIS MCFARLAND INC

Registered adviser

CIK

1108893

Location

DALLAS, TX

Portfolio Value

Mid $1,147,364,489

Diversification

Diversified

Filing Date

Global Rank

#2,379 / 8,826 ▼ 88 · as of Jun 2026

Top Industry

Internet Content & Information 17.7%

Period ended 36 days ago

Filed Oct 23, 2026 · 13d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 110417

Roster of Nov 1, 2026

Regulatory AUM

$1,364,461,821

Main clients

Individuals and high net worth (96% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$1,364,461,821	Individuals and high net worth (96%)
Apr 2025 to Mar 2026	$1,261,852,927	Individuals and high net worth (96%)
Apr 2024 to Mar 2025	$843,202,523	Individuals and high net worth (97%)
May 2023 to Mar 2024	$698,132,126	Individuals and high net worth (97%)
Mar 2023 to Apr 2023	$698,132,126	Individuals and high net worth (97%)
Nov 2022 to Feb 2023	$629,283,571	Individuals and high net worth (97%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 60.0%, 17.1 effective positions, active share 71.7% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

8.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.6 quarters (12+), a floor since 63.2% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 71.7%; sector active share 35.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

73 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

15.7%

−1.4 pts

Top 5

39.9%

−0.8 pts

Top 10

59.3%

−0.7 pts

HHI

559

Diversified−26

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	29.5%	$337,979,663	14
Communication Services	18.2%	$208,504,338	5
Energy	14.7%	$168,196,108	7
Healthcare	13.1%	$149,806,213	10
Consumer Defensive	10.3%	$118,326,403	9
Industrials	8.1%	$92,388,154	10
Financial Services	3.9%	$44,370,626	7
Consumer Cyclical	2.0%	$22,424,145	5
Unclassified	0.4%	$5,131,995	5
Basic Materials	0.0%	$236,844	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
SFM	Sprouts Farmers Market, Inc.	+131,923	355,204	$23,567,785
MTCH	Match Group, Inc.	+1,687	532,813	$21,392,441
CRM	Salesforce, Inc.	+1,496	158,517	$36,390,747
SHEL	Shell plc	+527	490,102	$46,584,195
VOO	VANGUARD 500 INDEX FUND	+367	2,071	$1,451,481
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ROIV	Roivant Sciences Ltd.	−56,846	1,523,345	$55,708,726
KMI	Kinder Morgan, Inc.	−54,648	1,618,894	$48,809,654
BSM	Black Stone Minerals, L.P.	−12,130	1,946,007	$27,866,820
EPD	Enterprise Products Partners L.P.	−7,592	1,168,402	$41,606,795
LVS	Las Vegas Sands Corp	−4,224	385,277	$14,567,323
NVDA	Nvidia Corp	−3,765	462,223	$105,562,488
AAPL	Apple Inc.	−3,093	172,408	$57,415,312
BUD	Anheuser-Busch InBev SA	−3,023	480,416	$35,296,163
PYPL	PayPal Holdings, Inc.	−2,946	677,073	$35,566,644
QCOM	Qualcomm Inc	−2,915	184,385	$33,934,215
UNH	Unitedhealth Group Inc	−2,777	133,482	$48,998,572
GOOG	Alphabet Inc.	−2,266	426,124	$145,197,491
RTX	RTX Corp	−1,862	184,665	$34,283,057
XOM	ExxonMobil Holdings Corp	−655	7,063	$1,149,503
LMT	Lockheed Martin Corp	−506	55,084	$28,051,527
XYL	Xylem Inc.	−482	95,088	$9,629,561
PFE	Pfizer Inc	−460	168,955	$4,818,596
KO	Coca Cola Co	−410	82,052	$7,063,036
KMB	Kimberly Clark Corp	−404	84,416	$8,224,650
VZ	Verizon Communications Inc	−330	131,839	$6,047,454
CHKP	Check Point Software Technologies Ltd	−318	121,785	$15,631,104
HONA	Honeywell Aerospace Inc.	−252	5,513	$854,349
CSCO	Cisco Systems, Inc.	−219	19,740	$2,124,616
ACN	Accenture plc	−219	320,574	$58,783,654
TGT	Target Corp	−140	84,166	$13,187,970
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
CELH	Celsius Holdings, Inc.	986,363	$26,977,028
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
BMY	Bristol Myers Squibb Co	240,615	$13,864,236
PG	PROCTER & GAMBLE Co	26,340	$3,862,497
NKE	NIKE, Inc.	61,621	$2,529,542
SOLS	Solstice Advanced Materials Inc.	2,457	$217,690
ARCC	Ares Capital Corp	10,663	$197,585
GAME	GameSquare Holdings, Inc.	10,000	$3,950
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

73 tracked positions · $1,147,364,489 total · filing declares 74 positions · $1,174,234,996 · as of Sep 30, 2026

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

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOG	Alphabet Inc. Communication Services	Reduced	426,124	-2,266	$145,197,491	−4.1%	12.65%
NVDA	Nvidia Corp Technology	Reduced	462,223	-3,765	$105,562,488	+13.2%	9.20%
ACN	Accenture plc Technology	Reduced	320,574	-219	$58,783,654	+47.3%	5.12%
AAPL	Apple Inc. Technology	Reduced	172,408	-3,093	$57,415,312	+13.1%	5.00%
ROIV	Roivant Sciences Ltd. Healthcare	Reduced	1,523,345	-56,846	$55,708,726	−0.4%	4.86%
UNH	Unitedhealth Group Inc Healthcare	Reduced	133,482	-2,777	$48,998,572	−13.5%	4.27%
KMI	Kinder Morgan, Inc. Energy	Reduced	1,618,894	-54,648	$48,809,654	−8.8%	4.25%
SHEL	Shell plc Energy	Added	490,102	+527	$46,584,195	+22.7%	4.06%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,168,402	-7,592	$41,606,795	−3.8%	3.63%
CRM	Salesforce, Inc. Technology	Added	158,517	+1,496	$36,390,747	+47.9%	3.17%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	677,073	-2,946	$35,566,644	+21.1%	3.10%
GOOGL	Alphabet Inc. Communication Services	Held	103,003	0	$35,441,272	−3.7%	3.09%
BUD	Anheuser-Busch InBev SA Consumer Defensive	Reduced	480,416	-3,023	$35,296,163	−11.4%	3.08%
RTX	RTX Corp Industrials	Reduced	184,665	-1,862	$34,283,057	−3.1%	2.99%
QCOM	Qualcomm Inc Technology	Reduced	184,385	-2,915	$33,934,215	−2.0%	2.96%
LMT	Lockheed Martin Corp Industrials	Reduced	55,084	-506	$28,051,527	−1.0%	2.44%
BSM	Black Stone Minerals, L.P. Energy	Reduced	1,946,007	-12,130	$27,866,820	+1.9%	2.43%
CELH	Celsius Holdings, Inc. Consumer Defensive	NEW	986,363	NEW	$26,977,028	NEW	2.35%
SFM	Sprouts Farmers Market, Inc. Consumer Defensive	Added	355,204	+131,923	$23,567,785	+24.8%	2.05%
MTCH	Match Group, Inc. Communication Services	Added	532,813	+1,687	$21,392,441	+5.9%	1.86%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	121,785	-318	$15,631,104	−2.6%	1.36%
MSFT	Microsoft Corp Technology	Reduced	28,582	-29	$14,659,707	+37.4%	1.28%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	385,277	-4,224	$14,567,323	−19.0%	1.27%
TGT	Target Corp Consumer Defensive	Reduced	84,166	-140	$13,187,970	+19.8%	1.15%
TXN	Texas Instruments Inc Technology	Reduced	41,773	-5	$11,700,199	−6.0%	1.02%
WM	Waste Management Inc Industrials	Reduced	56,320	-50	$11,484,774	−8.6%	1.00%
JNJ	Johnson & Johnson Healthcare	Reduced	41,142	-75	$10,891,933	+4.1%	0.95%
XYL	Xylem Inc. Industrials	Reduced	95,088	-482	$9,629,561	−14.8%	0.84%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	84,416	-404	$8,224,650	−11.7%	0.72%
ABBV	AbbVie Inc. Healthcare	Reduced	30,580	-50	$7,999,422	+3.8%	0.70%
AMGN	Amgen Inc Healthcare	Reduced	18,723	-25	$7,891,931	+16.2%	0.69%
KO	Coca Cola Co Consumer Defensive	Reduced	82,052	-410	$7,063,036	+5.4%	0.62%
VZ	Verizon Communications Inc Communication Services	Reduced	131,839	-330	$6,047,454	+8.1%	0.53%
UPS	United Parcel Service Inc Industrials	Reduced	56,713	-130	$5,299,262	−13.3%	0.46%
MTD	Mettler Toledo International Inc Healthcare	Held	3,218	0	$4,862,237	+18.3%	0.42%
MCD	Mcdonalds Corp Consumer Cyclical	Held	21,014	0	$4,852,973	−14.6%	0.42%
PFE	Pfizer Inc Healthcare	Reduced	168,955	-460	$4,818,596	+18.1%	0.42%
PEP	Pepsico Inc Consumer Defensive	Reduced	29,058	-25	$3,682,229	−6.5%	0.32%
AXP	American Express Co Financial Services	Reduced	10,536	-10	$3,203,997	−10.2%	0.28%
ABT	Abbott Laboratories Healthcare	Reduced	31,214	-1	$3,084,879	+8.9%	0.27%
LLY	ELI LILLY & Co Healthcare	Reduced	2,595	-100	$3,002,622	−7.1%	0.26%
GLD	Spdr Gold Trust	Held	7,283	0	$2,773,657	+3.4%	0.24%
USPH	U S Physical Therapy Inc Healthcare	Held	29,713	0	$2,547,295	+24.8%	0.22%
JPM	Jpmorgan Chase & Co Financial Services	Held	7,150	0	$2,365,434	+1.1%	0.21%
CSCO	Cisco Systems, Inc. Technology	Reduced	19,740	-219	$2,124,616	−9.4%	0.19%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	8,430	-72	$2,100,334	+3.7%	0.18%
MTDR	Matador Resources Co Energy	Held	30,000	0	$1,547,400	+3.6%	0.13%
FCFS	FirstCash Holdings, Inc. Financial Services	Held	7,220	0	$1,525,080	−2.4%	0.13%
VOO	VANGUARD 500 INDEX FUND	Added	2,071	+367	$1,451,481	+24.0%	0.13%
HON	Honeywell International Inc Industrials	Reduced	5,763	-2	$1,215,647	−5.8%	0.11%

Showing the top 50 of 73 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.