13F HOLDINGS REPORT
PENN DAVIS MCFARLAND INC
Quarter ended Q4 2025 · Filed January 16, 2026 · Accession 0001108893-26-000001
Total Value
$1.04B
Positions
75
Other Managers
0
Confidential Omitted
No
Holdings (75)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET, INC. CL C (GOOGLE C) | GOOG | 461,553 | $144.8M | 13.88% |
| 2 | NVIDIA CORP | NVDA | 500,033 | $93.3M | 8.93% |
| 3 | ALPHABET, INC. CL A (GOOGLE A) | GOOG | 172,137 | $53.9M | 5.16% |
| 4 | APPLE, INC. | AAPL | 181,890 | $49.4M | 4.74% |
| 5 | KINDER MORGAN, INC. | EP-PC | 1,725,267 | $47.4M | 4.54% |
| 6 | UNITEDHEALTH GROUP, INC. | UNH | 137,349 | $45.3M | 4.34% |
| 7 | ROIVANT SCIENCES LTD. | ROIV | 1,858,289 | $40.3M | 3.86% |
| 8 | PAYPAL HOLDINGS, INC. | PYPL | 680,852 | $39.7M | 3.81% |
| 9 | ENTERPRISE PRODUCTS PRTNS | 293792107 | 1,181,138 | $37.9M | 3.63% |
| 10 | SHELL PLC | RYDAF | 501,658 | $36.9M | 3.53% |
| 11 | RTX CORP. | RTX | 193,028 | $35.4M | 3.39% |
| 12 | QUALCOMM, INC. | QCOM | 190,184 | $32.5M | 3.12% |
| 13 | ANHEUSER-BUSCH INBEV SA/NV | BUDFF | 486,842 | $31.2M | 2.99% |
| 14 | LOCKHEED MARTIN CORP | LMT | 55,773 | $27.0M | 2.58% |
| 15 | LAS VEGAS SANDS | LVS | 405,040 | $26.4M | 2.53% |
| 16 | BLACK STONE MINERALS LP | BSMLP | 1,967,467 | $26.1M | 2.50% |
| 17 | EVOLUTION AB-ADR | 30051E104 | 344,620 | $23.4M | 2.24% |
| 18 | CHECK POINT SOFTWARE TECH | M22465104 | 122,442 | $22.7M | 2.18% |
| 19 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 338,253 | $18.2M | 1.75% |
| 20 | SPROUTS FARMERS MARKET INC | 85208M102 | 223,830 | $17.8M | 1.71% |
| 21 | MATCH GROUP INC. | MTCH | 525,373 | $17.0M | 1.63% |
| 22 | MICROSOFT CORPORATION | MSFT | 28,444 | $13.8M | 1.32% |
| 23 | XYLEM, INC. | XYL | 96,047 | $13.1M | 1.25% |
| 24 | WASTE MANGEMENT, INC. | 94106L109 | 56,735 | $12.5M | 1.19% |
| 25 | KIMBERLY CLARK, CORP. | KMB | 87,170 | $8.8M | 0.84% |
| 26 | JOHNSON & JOHNSON | JNJ | 41,425 | $8.6M | 0.82% |
| 27 | TARGET CORP | TGT | 84,671 | $8.3M | 0.79% |
| 28 | TEXAS INSTRUMENTS, INC. | 882508104 | 41,567 | $7.2M | 0.69% |
| 29 | ABBVIE, INC. | ABBV | 30,464 | $7.0M | 0.67% |
| 30 | ACCENTURE PLC | ACN | 25,800 | $6.9M | 0.66% |
| 31 | MCDONALDS, CORP. | MCD | 21,047 | $6.4M | 0.62% |
| 32 | AMGEN, INC. | AMGN | 18,816 | $6.2M | 0.59% |
| 33 | COCA-COLA COMPANY | KO | 82,643 | $5.8M | 0.55% |
| 34 | UNITED PARCEL SERVICE, INC. | UPS | 57,201 | $5.7M | 0.54% |
| 35 | VERIZON COMMUNICATIONS | VZ | 133,579 | $5.4M | 0.52% |
| 36 | METTLER-TOLEDO INTERNATIONAL, INC. | MTD | 3,228 | $4.5M | 0.43% |
| 37 | PFIZER, INC. | PFE | 171,332 | $4.3M | 0.41% |
| 38 | PEPSICO, INC. | PEP | 29,153 | $4.2M | 0.40% |
| 39 | NIKE, INC. | NKE | 62,066 | $4.0M | 0.38% |
| 40 | AMERICAN EXPRESS, CO. | AXP | 10,576 | $3.9M | 0.37% |
| 41 | ABBOTT LABORATORIES | ABLZF | 31,215 | $3.9M | 0.37% |
| 42 | PROCTER & GAMBLE, CO. | 742718109 | 26,448 | $3.8M | 0.36% |
| 43 | SPDR GOLD TRUST | GLD | 7,467 | $3.0M | 0.28% |
| 44 | ELI LILLY & CO. | LLY | 2,750 | $3.0M | 0.28% |
| 45 | SIRIUSXM HOLDINGS INC. | 829933100 | 136,262 | $2.7M | 0.26% |
| 46 | AMAZON, INC. | AMZN | 11,721 | $2.7M | 0.26% |
| 47 | STARBUCKS, CORP. | SBUX | 29,361 | $2.5M | 0.24% |
| 48 | U.S. PHYSICAL THERAPY, INC. | USPH | 29,793 | $2.3M | 0.22% |
| 49 | HONEYWELL INTERNATIONAL, INC. | 438516106 | 11,555 | $2.3M | 0.22% |
| 50 | CISCO SYSTEMS, INC. | CSCO | 19,864 | $1.5M | 0.15% |
| 51 | MATADOR RESOURCES CO. | MTDR | 30,000 | $1.3M | 0.12% |
| 52 | VISA, INC. | V | 3,350 | $1.2M | 0.11% |
| 53 | FIRSTCASH HLDGS, INC. | FCFS | 7,220 | $1.2M | 0.11% |
| 54 | EXXON MOBIL, CORP. | XOM | 8,297 | $998,461 | 0.10% |
| 55 | CATERPILLAR, INC. | CAT | 1,600 | $916,592 | 0.09% |
| 56 | TESLA, INC. | TSLA | 1,715 | $771,270 | 0.07% |
| 57 | JP MORGAN CHASE & CO | VYLD | 2,380 | $766,884 | 0.07% |
| 58 | VANGUARD S&P 500 ETF | 922908363 | 1,116 | $699,877 | 0.07% |
| 59 | PAYCHEX INC. | PAYX | 5,881 | $659,731 | 0.06% |
| 60 | SPDR S & P 500 ETF | SPY | 856 | $583,741 | 0.06% |
| 61 | DORCHESTER MINERALS LP | DMLP | 22,730 | $508,243 | 0.05% |
| 62 | META PLATFORMS, INC. | META | 657 | $433,679 | 0.04% |
| 63 | ISHARES TOTAL US STOCK MARKET ETF | 464287150 | 2,500 | $371,725 | 0.04% |
| 64 | HOME DEPOT, INC. | HD | 1,048 | $360,617 | 0.03% |
| 65 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 645 | $324,209 | 0.03% |
| 66 | WAL-MART INC. | WMT | 2,720 | $303,035 | 0.03% |
| 67 | TRAVELERS COMPANIES | TRV | 933 | $270,626 | 0.03% |
| 68 | BROADCOM INC | AVGO | 770 | $266,497 | 0.03% |
| 69 | TOAST, INC. | TOST | 7,500 | $266,325 | 0.03% |
| 70 | ISHARES SILVER TRUST INDEX FUND | SLV | 4,000 | $257,680 | 0.02% |
| 71 | NETFLIX, INC. | NFLX | 2,650 | $248,464 | 0.02% |
| 72 | ORACLE CORP | ORCL-PD | 1,130 | $220,248 | 0.02% |
| 73 | WALT DISNEY COMPANY | 254687106 | 1,766 | $200,918 | 0.02% |
| 74 | CLENE, INC. | CLNN | 11,000 | $64,570 | 0.01% |
| 75 | GAMESQUARE HOLDINGS, INC. | GAME | 10,000 | $3,850 | 0.00% |