Penn Davis McFarland Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Penn Davis McFarland Inc. reported 74 stock positions worth $844.2 million. Its top holding was Alphabet Class C (GOOG) at 9.0% of the portfolio, followed by Nvidia (NVDA, 7.4%) and Kinder Morgan (KMI, 6.0%). Compared with Q4 2024, it opened 1 new position, sold out of 7, added to 13 and reduced 36. The biggest buy was Shell PLC-ADR (SHEL, shares +1%) and the biggest sale an exit from Fortrea (FTRE).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001108893
- Portfolio Value
- $844.2M (Q1 2025)
- SEC Filing
- 0001108893-25-000003 ↗ filed Apr 23, 2025
Holdings Value
Holdings 74 stocks · $844.2M
| GOOG Alphabet Inc. Class C | 9.05% | 488,945 | $76.4M | Reduce -0.9% |
| NVDA Nvidia Corp. | 7.42% | 578,328 | $62.7M | Reduce -3.3% |
| KMI Kinder Morgan Inc. | 6.00% | 1,775,078 | $50.6M | Reduce -1.2% |
| AAPL Apple Inc. | 4.86% | 184,547 | $41.0M | Reduce -1.0% |
| EPD Enterprise Products Partners | 4.85% | 1,199,031 | $40.9M | Add +0.6% |
| PYPL PayPal Holdings Inc. | 4.84% | 625,615 | $40.8M | Add +0.4% |
| SHEL Shell PLC-ADR | 4.42% | 509,246 | $37.3M | Add +0.8% |
| UNH Unitedhealth Group Inc. | 4.39% | 70,685 | $37.0M | Add +4.7% |
| QCOM Qualcomm Inc. | 3.48% | 191,531 | $29.4M | Reduce -0.2% |
| BUD Anheuser-Busch Inbev-SPN ADR | 3.43% | 470,711 | $29.0M | Add +0.7% |
| CHKP Check Point Software Tech | 3.37% | 124,880 | $28.5M | Reduce -0.5% |
| BSM Black Stone Minerals LP | 3.37% | 1,861,741 | $28.4M | Add +16.3% |
| GOOGL Alphabet Inc. Class A | 3.18% | 173,486 | $26.8M | Add +0.2% |
| SFM Sprouts Farmers Market Inc. | 3.17% | 175,325 | $26.8M | Reduce -46.0% |
| RTX RTX Corp. | 3.13% | 199,222 | $26.4M | Reduce -0.7% |
| LMT Lockheed Martin Corp. | 2.59% | 48,900 | $21.8M | Add +3.9% |
| BMY Bristol-Myers Squibb Co. | 2.58% | 357,783 | $21.8M | Reduce -0.0% |
| ROIV Roivant Sciences Ltd. | 2.04% | 1,707,232 | $17.2M | Add +3.5% |
| LVS Las Vegas Sands Corp. | 1.89% | 413,071 | $16.0M | Add +2.3% |
| MTCH Match Group Inc. | 1.81% | 489,378 | $15.3M | Add +2.2% |
| SIRI Sirius XM Holdings Inc. | 1.76% | 659,067 | $14.9M | Reduce -0.9% |
| WM Waste Management Inc. | 1.56% | 57,050 | $13.2M | Reduce -0.8% |
| XYL Xylem Inc. | 1.37% | 96,804 | $11.6M | Reduce -0.1% |
| MSFT Microsoft Corp. | 1.28% | 28,701 | $10.8M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.96% | 25,959 | $8.1M | No change |
| TXN Texas Instruments Inc. | 0.89% | 41,622 | $7.5M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.81% | 41,336 | $6.9M | Reduce -0.3% |
| MCD McDonald's Corp. | 0.78% | 21,113 | $6.6M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.76% | 30,564 | $6.4M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.71% | 84,108 | $6.0M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.70% | 18,956 | $5.9M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.53% | 26,498 | $4.5M | Reduce -0.5% |
| PEP Pepsico Inc. | 0.52% | 29,173 | $4.4M | Add +2.3% |
| ABT Abbott Laboratories | 0.49% | 31,325 | $4.2M | No change |
| VZ Verizon Communications Inc. | 0.48% | 90,087 | $4.1M | Reduce -0.5% |
| NKE Nike Inc. Class B | 0.46% | 61,752 | $3.9M | Reduce -0.2% |
| MTD Mettler-Toledo International | 0.45% | 3,234 | $3.8M | Reduce -0.1% |
| DESP Despegar.com Corp. | 0.44% | 198,500 | $3.7M | No change |
| UPS United Parcel Service Class B | 0.42% | 32,360 | $3.6M | Reduce -0.7% |
| AXP American Express Co. | 0.34% | 10,580 | $2.8M | Reduce -0.2% |
| CL Colgate-Palmolive Co. | 0.34% | 30,280 | $2.8M | No change |
| SBUX Starbucks Corp. | 0.33% | 28,359 | $2.8M | Reduce -0.3% |
| PFE Pfizer Inc. | 0.30% | 100,070 | $2.5M | Reduce -0.4% |
| HON Honeywell International Inc. | 0.29% | 11,636 | $2.5M | No change |
| GLD SPDR Gold Shares | 0.28% | 8,242 | $2.4M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.28% | 12,245 | $2.3M | No change |
| LLY Eli Lilly & Co. | 0.27% | 2,750 | $2.3M | No change |
| USPH U.S. Physical Therapy Inc. | 0.26% | 30,089 | $2.2M | No change |
| KMB Kimberly-Clark Corp. | 0.23% | 13,752 | $2.0M | Reduce -0.1% |
| BDX Becton Dickinson and Co. | 0.22% | 8,138 | $1.9M | Reduce -0.7% |
| MTDR Matador Resources Co. | 0.18% | 30,000 | $1.5M | No change |
| CSCO Cisco Systems Inc. | 0.15% | 20,744 | $1.3M | Reduce -0.2% |
| V Visa Inc. Class A | 0.14% | 3,410 | $1.2M | No change |
| XOM Exxon Mobil Corp. | 0.13% | 9,547 | $1.1M | Reduce -15.3% |
| PAYX Paychex Inc. | 0.11% | 5,881 | $907K | No change |
| FCFS Firstcash Holdings Inc. | 0.11% | 7,420 | $893K | No change |
| VOO Vanguard S&P 500 ETF | 0.09% | 1,410 | $725K | Reduce -9.6% |
| JPM JPMorgan Chase & Co. | 0.07% | 2,580 | $633K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 1,101 | $616K | Add +8.7% |
| MA Mastercard Inc. Class A | 0.06% | 972 | $533K | No change |
| CAT Caterpillar Inc. | 0.06% | 1,600 | $528K | No change |
| META Meta Platforms Inc. Class A | 0.05% | 785 | $452K | Reduce -17.8% |
| HD Home Depot Inc. | 0.05% | 1,048 | $384K | No change |
| DMLP Dorchester Minerals LP | 0.04% | 11,665 | $351K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 645 | $344K | Reduce -35.3% |
| IDXX Idexx Laboratories Inc. | 0.04% | 800 | $336K | No change |
| TSLA Tesla Inc. | 0.04% | 1,215 | $315K | Reduce -23.6% |
| ITOT iShares Core S&P Total U.S. | 0.04% | 2,500 | $305K | No change |
| TOST Toast Inc. Class A | 0.03% | 7,500 | $249K | No change |
| NFLX Netflix Inc. | 0.03% | 265 | $247K | No change |
| TRV The Travelers Cos Inc. | 0.03% | 933 | $247K | No change |
| WMT Walmart Inc. | 0.03% | 2,720 | $239K | No change |
| GSLC Goldman Activebeta US LC ETF | 0.03% | 2,000 | $220K | No change |
| CLNN Clene Inc. | 0.00% | 11,000 | $34K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 1,150,000 | $1.1M | No change |
Total filed on the 13F, all lines: $845.4M.
Portfolio Sells Q4 2024 → Q1 2025
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −2.25 |
| SFM Sprouts Farmers Market Inc. | Reduce -46.0% | 3.17% | −1.33 |
| NVDA Nvidia Corp. | Reduce -3.3% | 7.42% | −1.32 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 9.05% | −1.19 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.29 |
| AAPL Apple Inc. | Reduce -1.0% | 4.86% | −0.23 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.20 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.07 |
| MSFT Microsoft Corp. | Reduce -0.9% | 1.28% | −0.05 |
| NKE Nike Inc. Class B | Reduce -0.2% | 0.46% | −0.05 |
| TSLA Tesla Inc. | Reduce -23.6% | 0.04% | −0.03 |
| UPS United Parcel Service Class B | Reduce -0.7% | 0.42% | −0.03 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -35.3% | 0.04% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -17.8% | 0.05% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -9.6% | 0.09% | −0.01 |
| AXP American Express Co. | Reduce -0.2% | 0.34% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -15.3% | 0.13% | +0.00 |
| PFE Pfizer Inc. | Reduce -0.4% | 0.30% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 0.15% | +0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.7% | 0.22% | +0.02 |
| MTD Mettler-Toledo International | Reduce -0.1% | 0.45% | +0.02 |
| TXN Texas Instruments Inc. | Reduce -0.1% | 0.89% | +0.03 |
| KMB Kimberly-Clark Corp. | Reduce -0.1% | 0.23% | +0.04 |
| SBUX Starbucks Corp. | Reduce -0.3% | 0.33% | +0.05 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.53% | +0.05 |
| GLD SPDR Gold Shares | Reduce -0.0% | 0.28% | +0.06 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 0.48% | +0.09 |
| SIRI Sirius XM Holdings Inc. | Reduce -0.9% | 1.76% | +0.11 |
| MCD McDonald's Corp. | Reduce -0.5% | 0.78% | +0.11 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.71% | +0.14 |
| XYL Xylem Inc. | Reduce -0.1% | 1.37% | +0.14 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.81% | +0.16 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.70% | +0.16 |
| ABBV Abbvie Inc. | Reduce -0.3% | 0.76% | +0.17 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 3.48% | +0.27 |
| WM Waste Management Inc. | Reduce -0.8% | 1.56% | +0.30 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.0% | 2.58% | +0.38 |
| RTX RTX Corp. | Reduce -0.7% | 3.13% | +0.60 |
| KMI Kinder Morgan Inc. | Reduce -1.2% | 6.00% | +0.64 |
| CHKP Check Point Software Tech | Reduce -0.5% | 3.37% | +0.82 |
Portfolio Buys Q4 2024 → Q1 2025
| SHEL Shell PLC-ADR | Add +0.8% | 4.42% | +0.97 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +0.7% | 3.43% | +0.88 |
| BSM Black Stone Minerals LP | Add +16.3% | 3.37% | +0.82 |
| EPD Enterprise Products Partners | Add +0.6% | 4.85% | +0.78 |
| UNH Unitedhealth Group Inc. | Add +4.7% | 4.39% | +0.66 |
| MTCH Match Group Inc. | Add +2.2% | 1.81% | +0.10 |
| LMT Lockheed Martin Corp. | Add +3.9% | 2.59% | +0.10 |
| PEP Pepsico Inc. | Add +2.3% | 0.52% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.7% | 0.07% | +0.01 |
| CLNN Clene Inc. | New | 0.00% | +0.00 |
| ROIV Roivant Sciences Ltd. | Add +3.5% | 2.04% | −0.09 |
| LVS Las Vegas Sands Corp. | Add +2.3% | 1.89% | −0.37 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 3.18% | −0.40 |
| PYPL PayPal Holdings Inc. | Add +0.4% | 4.84% | −0.96 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $1.1B | GOOG, NVDA, UNH, ROIV, KMI |
| Q1 2026 | 75 | $1.0B | GOOG, NVDA, KMI, SHEL, AAPL |
| Q4 2025 | 75 | $1.0B | GOOG, NVDA, GOOGL, AAPL, KMI |
| Q3 2025 | 76 | $967.6M | GOOG, NVDA, KMI, UNH, AAPL |
| Q2 2025 | 76 | $887.9M | GOOG, NVDA, KMI, PYPL, UNH |
| Q1 2025 | 74 | $844.2M | GOOG, NVDA, KMI, AAPL, EPD |
| Q4 2024 | 80 | $917.7M | GOOG, NVDA, PYPL, KMI, AAPL |
| Q3 2024 | 76 | $888.0M | GOOG, NVDA, PYPL, AAPL, KMI |
| Q2 2024 | 44 | $646.1M | GOOG, QCOM, SHEL, AAPL, EPD |
| Q1 2024 | 46 | $643.6M | GOOG, PYPL, EPD, SHEL, QCOM |