Penn Davis Mcfarland
DALLAS, TXfiles as PENN DAVIS MCFARLAND INC
$1.1bn in 79 US stocks at the end of 30 June 2026. The top 10 are 55.4% of the money. It changed about 9.1% of the portfolio this quarter.
Value
$1.1bn
Stocks
79
Top 10 share
55.4%
Turnover
9.1%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell InternationalHON0.1% of the fund
- Honeywell AerospaceHONA0.1% of the fund
- Advanced Micro DevicesAMD<0.1% of the fund
- EatonETN<0.1% of the fund
- Palo Alto NetworksPANW<0.1% of the fund
- Solstice Advanced MaterialsSOLS<0.1% of the fund
- Teck ResourcesTECK<0.1% of the fund
- Dell TechnologiesDELL<0.1% of the fund
- Vanguard Index FDSVUG<0.1% of the fund
- Ares CapitalARCC<0.1% of the fund
Added
Bought more of a stock they already held.
- AccentureACN3.6% of the fund+1149%
- JPMorgan ChaseJPM0.2% of the fund+233%
- Vanguard Index FDSVOO0.1% of the fund+46%
- ExxonMobil HoldingsXOM<0.1% of the fund+12%
- BroadcomAVGO<0.1% of the fund+39%
Cut
Sold some of their stake.
- NvidiaNVDA8.3% of the fund-6%
- Kinder MorganKMI4.8% of the fund-2%
- AppleAAPL4.5% of the fund-2%
- AlphabetGOOGL3.3% of the fund-6%
- LAS Vegas SandsLVS1.6% of the fund-3%
- Bristol-Myers SquibbBMY1.2% of the fund-28%
- Kimberly-ClarkKMB0.8% of the fund-3%
- Amazon.comAMZN0.2% of the fund-26%
- CaterpillarCAT0.1% of the fund-5%
- VisaV<0.1% of the fund-9%
- State STR Spdr S&P 500 ETF TSPY<0.1% of the fund-37%
Sold out
Sold their entire stake.
- StarbucksSBUX-100%
- Honeywell InternationalHON-100%
- Sirius XM HoldingsSIRI-100%
- NetflixNFLX-100%
- Ishares Silver TRSLV-100%
- Texas Pacific LandTPL-100%
Holdings
- ShellSHEL
- Share
- 3.4%
- Value
- $38m
- Shares
- 489,575
Held
- Black Stone Minerals L PBSM
- Share
- 2.4%
- Value
- $27m
- Shares
- 1,958,137
Held
- Evolution AB ADREVVTY
- Share
- 2.1%
- Value
- $24m
- Shares
- 345,936
Held
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $3m
- Shares
- 7,283
Held
- Honeywell AerospaceHONA
- Share
- 0.1%
- Value
- $1m
- Shares
- 5,765
New
- Vanguard Index FDSVOO
- Share
- 0.1%
- Value
- $1m
- Shares
- 1,704
+46%
- Dorchester Minerals L PDMLP
- Share
- <0.1%
- Value
- $568,883
- Shares
- 22,530
Held
- Ishares TRITOT
- Share
- <0.1%
- Value
- $410,675
- Shares
- 2,500
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- <0.1%
- Value
- $276,481
- Shares
- 370
-37%
- Teck ResourcesTECK
- Share
- <0.1%
- Value
- $214,056
- Shares
- 3,600
New
- Vanguard Index FDSVUG
- Share
- <0.1%
- Value
- $204,152
- Shares
- 2,370
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOG | 13.5% | $151m | 428,390 | Held |
| NvidiaNVDA | 8.3% | $93m | 465,988 | -6% |
| UnitedHealth GroupUNH | 5.0% | $57m | 136,259 | Held |
| Roivant SciencesROIV | 5.0% | $56m | 1,580,191 | Held |
| Kinder MorganKMI | 4.8% | $54m | 1,673,542 | -2% |
| AppleAAPL | 4.5% | $51m | 175,501 | -2% |
| Enterprise Products Partners L.P.EPD | 3.9% | $43m | 1,175,994 | Held |
| AccentureACN | 3.6% | $40m | 320,793 | +1149% |
| Anheuser-Busch InBev SABUD | 3.5% | $40m | 483,439 | Held |
| ShellSHEL | 3.4% | $38m | 489,575 | Held |
| AlphabetGOOGL | 3.3% | $37m | 103,003 | -6% |
| RTXRTX | 3.2% | $35m | 186,527 | Held |
| QualcommQCOM | 3.1% | $35m | 187,300 | Held |
| PayPal HoldingsPYPL | 2.6% | $29m | 680,019 | Held |
| Lockheed MartinLMT | 2.5% | $28m | 55,590 | Held |
| Black Stone Minerals L PBSM | 2.4% | $27m | 1,958,137 | Held |
| SalesforceCRM | 2.2% | $25m | 157,021 | Held |
| Evolution AB ADREVVTY | 2.1% | $24m | 345,936 | Held |
| Match GroupMTCH | 1.8% | $20m | 531,126 | Held |
| Sprouts Farmers MarketSFM | 1.7% | $19m | 223,281 | Held |
| LAS Vegas SandsLVS | 1.6% | $18m | 389,501 | -3% |
| Check Point Software TechnologiesCHKP | 1.4% | $16m | 122,103 | Held |
| Bristol-Myers SquibbBMY | 1.2% | $14m | 240,615 | -28% |
| Waste ManagementWM | 1.1% | $13m | 56,370 | Held |
| Texas InstrumentsTXN | 1.1% | $12m | 41,778 | Held |
| XylemXYL | 1.0% | $11m | 95,570 | Held |
| TargetTGT | 1.0% | $11m | 84,306 | Held |
| MicrosoftMSFT | 1.0% | $11m | 28,611 | Held |
| Johnson & JohnsonJNJ | 0.9% | $10m | 41,217 | Held |
| Kimberly-ClarkKMB | 0.8% | $9m | 84,820 | -3% |
| AbbVieABBV | 0.7% | $8m | 30,630 | Held |
| AmgenAMGN | 0.6% | $7m | 18,748 | Held |
| Coca-ColaKO | 0.6% | $7m | 82,462 | Held |
| United Parcel ServiceUPS | 0.5% | $6m | 56,843 | Held |
| McDonald'sMCD | 0.5% | $6m | 21,014 | Held |
| Verizon CommunicationsVZ | 0.5% | $6m | 132,169 | Held |
| Mettler Toledo InternationalMTD | 0.4% | $4m | 3,218 | Held |
| PfizerPFE | 0.4% | $4m | 169,415 | Held |
| PepsiCoPEP | 0.4% | $4m | 29,083 | Held |
| Procter & GamblePG | 0.3% | $4m | 26,340 | Held |
| American ExpressAXP | 0.3% | $4m | 10,546 | Held |
| Eli LillyLLY | 0.3% | $3m | 2,695 | Held |
| Abbott LaboratoriesABT | 0.3% | $3m | 31,215 | Held |
| Spdr Gold TRGLD | 0.2% | $3m | 7,283 | Held |
| NikeNKE | 0.2% | $3m | 61,621 | Held |
| Cisco SystemsCSCO | 0.2% | $2m | 19,959 | Held |
| JPMorgan ChaseJPM | 0.2% | $2m | 7,150 | +233% |
| U S Physical TherapyUSPH | 0.2% | $2m | 29,713 | Held |
| Amazon.comAMZN | 0.2% | $2m | 8,502 | -26% |
| FirstCash HoldingsFCFS | 0.1% | $2m | 7,220 | Held |
| Matador ResourcesMTDR | 0.1% | $1m | 30,000 | Held |
| CaterpillarCAT | 0.1% | $1m | 1,328 | -5% |
| Honeywell InternationalHON | 0.1% | $1m | 5,765 | New |
| Honeywell AerospaceHONA | 0.1% | $1m | 5,765 | New |
| Vanguard Index FDSVOO | 0.1% | $1m | 1,704 | +46% |
| ExxonMobil HoldingsXOM | <0.1% | $1m | 7,718 | +12% |
| VisaV | <0.1% | $1m | 3,050 | -9% |
| TeslaTSLA | <0.1% | $721,329 | 1,715 | Held |
| PaychexPAYX | <0.1% | $578,279 | 5,881 | Held |
| Dorchester Minerals L PDMLP | <0.1% | $568,883 | 22,530 | Held |
| Ishares TRITOT | <0.1% | $410,675 | 2,500 | Held |
| Home DepotHD | <0.1% | $365,729 | 1,037 | Held |
| BroadcomAVGO | <0.1% | $356,218 | 943 | +39% |
| Meta PlatformsMETA | <0.1% | $330,651 | 587 | Held |
| Berkshire HathawayBRK-B | <0.1% | $322,752 | 645 | Held |
| WalmartWMT | <0.1% | $308,067 | 2,720 | Held |
| Travelers CompaniesTRV | <0.1% | $308,002 | 933 | Held |
| Advanced Micro DevicesAMD | <0.1% | $306,140 | 527 | New |
| GE VernovaGEV | <0.1% | $281,966 | 240 | Held |
| State STR Spdr S&P 500 ETF TSPY | <0.1% | $276,481 | 370 | -37% |
| EatonETN | <0.1% | $262,916 | 617 | New |
| Palo Alto NetworksPANW | <0.1% | $240,419 | 705 | New |
| Solstice Advanced MaterialsSOLS | <0.1% | $217,690 | 2,457 | New |
| Teck ResourcesTECK | <0.1% | $214,056 | 3,600 | New |
| Dell TechnologiesDELL | <0.1% | $212,278 | 492 | New |
| Vanguard Index FDSVUG | <0.1% | $204,152 | 2,370 | New |
| Ares CapitalARCC | <0.1% | $197,585 | 10,663 | New |
| CleneCLNN | <0.1% | $67,705 | 11,000 | Held |
| GameSquare HoldingsGAME | <0.1% | $3,950 | 10,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 26.4% since 30 June 2025.
Where the money is
Technology27.3%
Media & telecom17.3%
Health care14.9%
Industrials8.8%
Everyday goods8.4%
Energy5.0%
Utilities3.9%
Financial services3.4%
Retail & consumer2.6%
Materials0.0%
Other8.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.