# PENN DAVIS MCFARLAND INC: Form 13F holdings

An institutional investment manager in DALLAS, TX. SEC CIK 1108893.

- Quarter ended: 2026-06-30
- Filed: 2026-07-15
- Reported value: $1.12bn
- Positions: 79 (79 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1108893/000110889326000004/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ALPHABET, INC. CL C (GOOGLE C) (GOOGL)](/companies/googl.md) | Common Stocks | $151.4m | 13.5% | 428,390 |  | Reduced −2,850 |
| [NVIDIA CORP (NVDA)](/companies/nvda.md) | Common Stocks | $93.2m | 8.3% | 465,988 |  | Reduced −32,350 |
| [UNITEDHEALTH GROUP, INC. (UNH)](/companies/unh.md) | Common Stocks | $56.6m | 5.0% | 136,259 |  | Reduced −87 |
| ROIVANT SCIENCES LTD. | Common Stocks | $55.9m | 5.0% | 1,580,191 |  | Reduced −12,432 |
| [KINDER MORGAN, INC. (KMI)](/companies/kmi.md) | Common Stocks | $53.5m | 4.8% | 1,673,542 |  | Reduced −34,244 |
| [APPLE, INC. (AAPL)](/companies/aapl.md) | Common Stocks | $50.8m | 4.5% | 175,501 |  | Reduced −3,937 |
| [ENTERPRISE PRODUCTS PRTNS (EPD)](/companies/epd.md) | Common Stocks | $43.2m | 3.9% | 1,175,994 |  | Reduced −4 |
| ACCENTURE PLC | Common Stocks | $39.9m | 3.6% | 320,793 |  | Added +295,104 |
| [ANHEUSER-BUSCH INBEV SA/NV (BUD)](/companies/bud.md) | Common Stocks | $39.8m | 3.5% | 483,439 |  | Reduced −1,825 |
| [SHELL PLC (SHEL)](/companies/shel.md) | Common Stocks | $38.0m | 3.4% | 489,575 |  | Reduced −7,505 |
| [ALPHABET, INC. CL A (GOOGLE A) (GOOGL)](/companies/googl.md) | Common Stocks | $36.8m | 3.3% | 103,003 |  | Reduced −6,451 |
| [RTX CORP. (RTX)](/companies/rtx.md) | Common Stocks | $35.4m | 3.2% | 186,527 |  | Reduced −114 |
| [QUALCOMM, INC. (QCOM)](/companies/qcom.md) | Common Stocks | $34.6m | 3.1% | 187,300 |  | Reduced −1,876 |
| [PAYPAL HOLDINGS, INC. (PYPL)](/companies/pypl.md) | Common Stocks | $29.4m | 2.6% | 680,019 |  | Added +2,602 |
| [LOCKHEED MARTIN CORP (LMT)](/companies/lmt.md) | Common Stocks | $28.3m | 2.5% | 55,590 |  | Added +66 |
| [BLACK STONE MINERALS LP (BSM)](/companies/bsm.md) | Common Stocks | $27.4m | 2.4% | 1,958,137 |  | Reduced −1,451 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | Common Stocks | $24.6m | 2.2% | 157,021 |  | Added +1,755 |
| EVOLUTION AB-ADR | Common Stocks | $23.8m | 2.1% | 345,936 |  | Added +2,430 |
| [MATCH GROUP INC. (MTCH)](/companies/mtch.md) | Common Stocks | $20.2m | 1.8% | 531,126 |  | Added +6,368 |
| [SPROUTS FARMERS MARKET INC (SFM)](/companies/sfm.md) | Common Stocks | $18.9m | 1.7% | 223,281 |  | Reduced −2 |
| [LAS VEGAS SANDS (LVS)](/companies/lvs.md) | Common Stocks | $18.0m | 1.6% | 389,501 |  | Reduced −11,933 |
| CHECK POINT SOFTWARE TECH | Common Stocks | $16.0m | 1.4% | 122,103 |  | Reduced −5 |
| [BRISTOL-MYERS SQUIBB CO (BMY)](/companies/bmy.md) | Common Stocks | $13.9m | 1.2% | 240,615 |  | Reduced −95,649 |
| [WASTE MANGEMENT, INC. (WM)](/companies/wm.md) | Common Stocks | $12.6m | 1.1% | 56,370 |  | Reduced −210 |
| [TEXAS INSTRUMENTS, INC. (TXN)](/companies/txn.md) | Common Stocks | $12.5m | 1.1% | 41,778 |  | Added +211 |
| [XYLEM, INC. (XYL)](/companies/xyl.md) | Common Stocks | $11.3m | 1.0% | 95,570 |  | Reduced −102 |
| [TARGET CORP (TGT)](/companies/tgt.md) | Common Stocks | $11.0m | 1.0% | 84,306 |  | Reduced −265 |
| [MICROSOFT CORPORATION (MSFT)](/companies/msft.md) | Common Stocks | $10.7m | 1.0% | 28,611 |  | Added +237 |
| [JOHNSON & JOHNSON (JNJ)](/companies/jnj.md) | Common Stocks | $10.5m | 0.9% | 41,217 |  | Reduced −127 |
| [KIMBERLY CLARK, CORP. (KMB)](/companies/kmb.md) | Common Stocks | $9.3m | 0.8% | 84,820 |  | Reduced −2,250 |
| [ABBVIE, INC. (ABBV)](/companies/abbv.md) | Common Stocks | $7.7m | 0.7% | 30,630 |  | Added +166 |
| [AMGEN, INC. (AMGN)](/companies/amgn.md) | Common Stocks | $6.8m | 0.6% | 18,748 |  | Reduced −18 |
| [COCA-COLA COMPANY (KO)](/companies/ko.md) | Common Stocks | $6.7m | 0.6% | 82,462 |  | Reduced −61 |
| [UNITED PARCEL SERVICE, INC. (UPS)](/companies/ups.md) | Common Stocks | $6.1m | 0.5% | 56,843 |  | Reduced −270 |
| [MCDONALDS, CORP. (MCD)](/companies/mcd.md) | Common Stocks | $5.7m | 0.5% | 21,014 |  | Reduced −3 |
| [VERIZON COMMUNICATIONS (VZ)](/companies/vz.md) | Common Stocks | $5.6m | 0.5% | 132,169 |  | Reduced −1,155 |
| [METTLER-TOLEDO INTERNATIONAL, INC. (MTD)](/companies/mtd.md) | Common Stocks | $4.1m | 0.4% | 3,218 |  | Reduced −5 |
| [PFIZER, INC. (PFE)](/companies/pfe.md) | Common Stocks | $4.1m | 0.4% | 169,415 |  | Reduced −946 |
| [PEPSICO, INC. (PEP)](/companies/pep.md) | Common Stocks | $3.9m | 0.4% | 29,083 |  | Reduced −50 |
| [PROCTER & GAMBLE, CO. (PG)](/companies/pg.md) | Common Stocks | $3.9m | 0.3% | 26,340 |  | Reduced −108 |
| [AMERICAN EXPRESS, CO. (AXP)](/companies/axp.md) | Common Stocks | $3.6m | 0.3% | 10,546 |  | Unchanged |
| [ELI LILLY & CO. (LLY)](/companies/lly.md) | Common Stocks | $3.2m | 0.3% | 2,695 |  | Unchanged |
| [ABBOTT LABORATORIES (ABT)](/companies/abt.md) | Common Stocks | $2.8m | 0.3% | 31,215 |  | Unchanged |
| [SPDR GOLD TRUST (GLD)](/companies/gld.md) | Common Stocks | $2.7m | 0.2% | 7,283 |  | Unchanged |
| [NIKE, INC. (NKE)](/companies/nke.md) | Common Stocks | $2.5m | 0.2% | 61,621 |  | Reduced −315 |
| [CISCO SYSTEMS, INC. (CSCO)](/companies/csco.md) | Common Stocks | $2.3m | 0.2% | 19,959 |  | Added +95 |
| [JP MORGAN CHASE & CO (JPM)](/companies/jpm.md) | Common Stocks | $2.3m | 0.2% | 7,150 |  | Added +5,000 |
| [U.S. PHYSICAL THERAPY, INC. (USPH)](/companies/usph.md) | Common Stocks | $2.0m | 0.2% | 29,713 |  | Unchanged |
| [AMAZON, INC. (AMZN)](/companies/amzn.md) | Common Stocks | $2.0m | 0.2% | 8,502 |  | Reduced −2,920 |
| [FIRSTCASH HLDGS, INC. (FCFS)](/companies/fcfs.md) | Common Stocks | $1.6m | 0.1% | 7,220 |  | Unchanged |
| [MATADOR RESOURCES CO. (MTDR)](/companies/mtdr.md) | Common Stocks | $1.5m | 0.1% | 30,000 |  | Unchanged |
| [CATERPILLAR, INC. (CAT)](/companies/cat.md) | Common Stocks | $1.4m | 0.1% | 1,328 |  | Reduced −72 |
| [HONEYWELL INTERNATIONAL, INC. (HON)](/companies/hon.md) | Common Stocks | $1.3m | 0.1% | 5,765 |  | New +5,765 |
| [HONEYWELL AEROSPACE INC (HONA)](/companies/hona.md) | Common Stocks | $1.3m | 0.1% | 5,765 |  | New +5,765 |
| VANGUARD S&P 500 ETF | Common Stocks | $1.2m | 0.1% | 1,704 |  | Added +536 |
| EXXON MOBIL, CORP. | Common Stocks | $1.1m | <0.1% | 7,718 |  | Added +824 |
| [VISA, INC. (V)](/companies/v.md) | Common Stocks | $1.0m | <0.1% | 3,050 |  | Reduced −300 |
| [TESLA, INC. (TSLA)](/companies/tsla.md) | Common Stocks | $721.3k | <0.1% | 1,715 |  | Unchanged |
| [PAYCHEX INC. (PAYX)](/companies/payx.md) | Common Stocks | $578.3k | <0.1% | 5,881 |  | Unchanged |
| [DORCHESTER MINERALS LP (DMLP)](/companies/dmlp.md) | Common Stocks | $568.9k | <0.1% | 22,530 |  | Unchanged |
| ISHARES TOTAL US STOCK MARKET ETF | Common Stocks | $410.7k | <0.1% | 2,500 |  | Unchanged |
| [HOME DEPOT, INC. (HD)](/companies/hd.md) | Common Stocks | $365.7k | <0.1% | 1,037 |  | Reduced −1 |
| [BROADCOM INC (AVGO)](/companies/avgo.md) | Common Stocks | $356.2k | <0.1% | 943 |  | Added +263 |
| [META PLATFORMS, INC. (META)](/companies/meta.md) | Common Stocks | $330.7k | <0.1% | 587 |  | Unchanged |
| [BERKSHIRE HATHAWAY CLASS B (BRK-B)](/companies/brk-b.md) | Common Stocks | $322.8k | <0.1% | 645 |  | Unchanged |
| [WAL-MART INC. (WMT)](/companies/wmt.md) | Common Stocks | $308.1k | <0.1% | 2,720 |  | Unchanged |
| [TRAVELERS COMPANIES (TRV)](/companies/trv.md) | Common Stocks | $308.0k | <0.1% | 933 |  | Unchanged |
| [ADVANCED MICRO DEVICES INC (AMD)](/companies/amd.md) | Common Stocks | $306.1k | <0.1% | 527 |  | New +527 |
| [GE VERNOVA LLC (GEV)](/companies/gev.md) | Common Stocks | $282.0k | <0.1% | 240 |  | Unchanged |
| [SPDR S & P 500 ETF (SPY)](/companies/spy.md) | Common Stocks | $276.5k | <0.1% | 370 |  | Reduced −213 |
| EATON CORPORATION PLC | Common Stocks | $262.9k | <0.1% | 617 |  | New +617 |
| [PALO ALTO NETWORKS, INC. (PANW)](/companies/panw.md) | Common Stocks | $240.4k | <0.1% | 705 |  | New +705 |
| [SOLSTICE ADVANCED MATERIALS, INC. (SOLS)](/companies/sols.md) | Common Stocks | $217.7k | <0.1% | 2,457 |  | New +2,457 |
| [TECK RESOURCES LTD. CLASS B (TECK)](/companies/teck.md) | Common Stocks | $214.1k | <0.1% | 3,600 |  | New +3,600 |
| [DELL INC (DELL)](/companies/dell.md) | Common Stocks | $212.3k | <0.1% | 492 |  | New +492 |
| VANGUARD GROWTH ETF | Common Stocks | $204.2k | <0.1% | 2,370 |  | New +2,370 |
| [ARES CAP CORP COM (ARCC)](/companies/arcc.md) | Common Stocks | $197.6k | <0.1% | 10,663 |  | New +10,663 |
| [CLENE, INC. (CLNN)](/companies/clnn.md) | Common Stocks | $67.7k | <0.1% | 11,000 |  | Unchanged |
| GAMESQUARE HOLDINGS, INC. | Common Stocks | $4.0k | <0.1% | 10,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| HONEYWELL INTERNATIONAL, INC. | Common Stocks | $0 | 0.0% | 0 |  | Sold out −11,538 |
| [ISHARES SILVER TRUST INDEX FUND (SLV)](/companies/slv.md) | Common Stocks | $0 | 0.0% | 0 |  | Sold out −3,550 |
| [NETFLIX, INC. (NFLX)](/companies/nflx.md) | Common Stocks | $0 | 0.0% | 0 |  | Sold out −2,650 |
| [SIRIUSXM HOLDINGS INC. (SIRI)](/companies/siri.md) | Common Stocks | $0 | 0.0% | 0 |  | Sold out −109,303 |
| [STARBUCKS, CORP. (SBUX)](/companies/sbux.md) | Common Stocks | $0 | 0.0% | 0 |  | Sold out −29,291 |
| [TEXAS PACIFIC LAND, CORP. (TPL)](/companies/tpl.md) | Common Stocks | $0 | 0.0% | 0 |  | Sold out −450 |

Source: SEC EDGAR, Form 13F-HR, accession 0001108893-26-000004. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.