13F HOLDINGS REPORT
PENN DAVIS MCFARLAND INC
Quarter ended Q3 2025 · Filed October 21, 2025 · Accession 0001108893-25-000007
Total Value
$967.6M
Positions
76
Other Managers
0
Confidential Omitted
No
Holdings (76)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET, INC. CL C (GOOGLE C) | GOOG | 464,324 | $113.1M | 11.69% |
| 2 | NVIDIA CORP | NVDA | 520,278 | $97.1M | 10.03% |
| 3 | KINDER MORGAN, INC. | EP-PC | 1,729,057 | $48.9M | 5.06% |
| 4 | UNITEDHEALTH GROUP, INC. | UNH | 135,687 | $46.9M | 4.84% |
| 5 | APPLE, INC. | AAPL | 182,988 | $46.6M | 4.82% |
| 6 | PAYPAL HOLDINGS, INC. | PYPL | 646,858 | $43.4M | 4.48% |
| 7 | ALPHABET, INC. CL A (GOOGLE A) | GOOG | 173,384 | $42.1M | 4.36% |
| 8 | ENTERPRISE PRODUCTS PRTNS | 293792107 | 1,183,766 | $37.0M | 3.83% |
| 9 | SHELL PLC | RYDAF | 502,636 | $36.0M | 3.72% |
| 10 | RTX CORP. | RTX | 193,446 | $32.4M | 3.35% |
| 11 | QUALCOMM, INC. | QCOM | 190,486 | $31.7M | 3.27% |
| 12 | ROIVANT SCIENCES LTD. | ROIV | 1,862,088 | $28.2M | 2.91% |
| 13 | LOCKHEED MARTIN CORP | LMT | 55,507 | $27.7M | 2.86% |
| 14 | ANHEUSER-BUSCH INBEV SA/NV | BUDFF | 464,094 | $27.7M | 2.86% |
| 15 | CHECK POINT SOFTWARE TECH | M22465104 | 122,669 | $25.4M | 2.62% |
| 16 | BLACK STONE MINERALS LP | BSMLP | 1,918,790 | $25.2M | 2.61% |
| 17 | LAS VEGAS SANDS | LVS | 406,337 | $21.9M | 2.26% |
| 18 | SPROUTS FARMERS MARKET INC | 85208M102 | 172,314 | $18.7M | 1.94% |
| 19 | MATCH GROUP INC. | MTCH | 482,060 | $17.0M | 1.76% |
| 20 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 351,657 | $15.9M | 1.64% |
| 21 | MICROSOFT CORPORATION | MSFT | 28,546 | $14.8M | 1.53% |
| 22 | SIRIUSXM HOLDINGS INC. | 829933100 | 634,294 | $14.8M | 1.53% |
| 23 | XYLEM, INC. | XYL | 96,189 | $14.2M | 1.47% |
| 24 | EVOLUTION AB-ADR | 30051E104 | 169,880 | $13.9M | 1.44% |
| 25 | WASTE MANGEMENT, INC. | 94106L109 | 56,840 | $12.6M | 1.30% |
| 26 | JOHNSON & JOHNSON | JNJ | 41,540 | $7.7M | 0.80% |
| 27 | TEXAS INSTRUMENTS, INC. | 882508104 | 41,597 | $7.6M | 0.79% |
| 28 | ABBVIE, INC. | ABBV | 30,514 | $7.1M | 0.73% |
| 29 | MCDONALDS, CORP. | MCD | 21,081 | $6.4M | 0.66% |
| 30 | ACCENTURE PLC | ACN | 25,800 | $6.4M | 0.66% |
| 31 | COCA-COLA COMPANY | KO | 82,773 | $5.5M | 0.57% |
| 32 | AMGEN, INC. | AMGN | 18,831 | $5.3M | 0.55% |
| 33 | NIKE, INC. | NKE | 62,046 | $4.3M | 0.45% |
| 34 | VERIZON COMMUNICATIONS | VZ | 96,712 | $4.3M | 0.44% |
| 35 | ABBOTT LABORATORIES | ABLZF | 31,275 | $4.2M | 0.43% |
| 36 | PEPSICO, INC. | PEP | 29,213 | $4.1M | 0.42% |
| 37 | PROCTER & GAMBLE, CO. | 742718109 | 26,503 | $4.1M | 0.42% |
| 38 | METTLER-TOLEDO INTERNATIONAL, INC. | MTD | 3,228 | $4.0M | 0.41% |
| 39 | AMERICAN EXPRESS, CO. | AXP | 10,580 | $3.5M | 0.36% |
| 40 | SPDR GOLD TRUST | GLD | 8,242 | $2.9M | 0.30% |
| 41 | PFIZER, INC. | PFE | 113,555 | $2.9M | 0.30% |
| 42 | UNITED PARCEL SERVICE, INC. | UPS | 34,272 | $2.9M | 0.30% |
| 43 | AMAZON, INC. | AMZN | 11,975 | $2.6M | 0.27% |
| 44 | U.S. PHYSICAL THERAPY, INC. | USPH | 29,789 | $2.5M | 0.26% |
| 45 | STARBUCKS, CORP. | SBUX | 29,199 | $2.5M | 0.26% |
| 46 | HONEYWELL INTERNATIONAL, INC. | 438516106 | 11,636 | $2.4M | 0.25% |
| 47 | COLGATE PALMOLIVE, CO. | CL | 30,280 | $2.4M | 0.25% |
| 48 | ELI LILLY & CO. | LLY | 2,750 | $2.1M | 0.22% |
| 49 | KIMBERLY CLARK, CORP. | KMB | 13,760 | $1.7M | 0.18% |
| 50 | CISCO SYSTEMS, INC. | CSCO | 19,944 | $1.4M | 0.14% |
| 51 | MATADOR RESOURCES CO. | MTDR | 30,000 | $1.3M | 0.14% |
| 52 | FIRSTCASH HLDGS, INC. | FCFS | 7,420 | $1.2M | 0.12% |
| 53 | VISA, INC. | V | 3,350 | $1.1M | 0.12% |
| 54 | EXXON MOBIL, CORP. | XOM | 8,297 | $935,487 | 0.10% |
| 55 | JP MORGAN CHASE & CO | VYLD | 2,580 | $813,809 | 0.08% |
| 56 | CATERPILLAR, INC. | CAT | 1,700 | $811,155 | 0.08% |
| 57 | TESLA, INC. | TSLA | 1,715 | $762,695 | 0.08% |
| 58 | PAYCHEX INC. | PAYX | 5,881 | $745,476 | 0.08% |
| 59 | DORCHESTER MINERALS LP | DMLP | 26,976 | $698,401 | 0.07% |
| 60 | VANGUARD S&P 500 ETF | 922908363 | 1,116 | $683,416 | 0.07% |
| 61 | SPDR S & P 500 ETF | SPY | 1,001 | $666,793 | 0.07% |
| 62 | META PLATFORMS, INC. | META | 718 | $527,285 | 0.05% |
| 63 | HOME DEPOT, INC. | HD | 1,048 | $424,639 | 0.04% |
| 64 | ISHARES TOTAL US STOCK MARKET ETF | 464287150 | 2,500 | $364,125 | 0.04% |
| 65 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 645 | $324,267 | 0.03% |
| 66 | ORACLE CORP | ORCL-PD | 1,130 | $317,801 | 0.03% |
| 67 | NETFLIX, INC. | NFLX | 265 | $317,714 | 0.03% |
| 68 | BROADCOM INC | AVGO | 859 | $283,393 | 0.03% |
| 69 | WAL-MART INC. | WMT | 2,720 | $280,323 | 0.03% |
| 70 | TOAST, INC. | TOST | 7,500 | $273,825 | 0.03% |
| 71 | GOLDMAN SACHS ACTIVEBETA US LRG ETF | NVGLF | 2,000 | $260,560 | 0.03% |
| 72 | TRAVELERS COMPANIES | TRV | 933 | $260,512 | 0.03% |
| 73 | ISHARES SILVER TRUST INDEX FUND | SLV | 5,500 | $233,035 | 0.02% |
| 74 | WALT DISNEY COMPANY | 254687106 | 1,766 | $202,207 | 0.02% |
| 75 | CLENE, INC. | CLNN | 11,000 | $66,275 | 0.01% |
| 76 | GAMESQUARE HOLDINGS, INC. | GAME | 10,000 | $6,788 | 0.00% |