Penn Davis McFarland Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Penn Davis McFarland Inc. reported 75 stock positions worth $1.0 billion. Its top holding was Alphabet Class C (GOOG) at 13.9% of the portfolio, followed by Nvidia (NVDA, 8.9%) and Alphabet Class A (GOOGL, 5.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 15 and reduced 39. The biggest buy was Evolution AB-ADR (EVVTY, shares +103%) and the biggest sale Sirius XM (SIRI, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001108893
- Portfolio Value
- $1.0B (Q4 2025)
- SEC Filing
- 0001108893-26-000001 ↗ filed Jan 16, 2026
Holdings Value
Holdings 75 stocks · $1.0B
| GOOG Alphabet Inc. Class C | 13.88% | 461,553 | $144.8M | Reduce -0.6% |
| NVDA Nvidia Corp. | 8.93% | 500,033 | $93.3M | Reduce -3.9% |
| GOOGL Alphabet Inc. Class A | 5.16% | 172,137 | $53.9M | Reduce -0.7% |
| AAPL Apple Inc. | 4.74% | 181,890 | $49.4M | Reduce -0.6% |
| KMI Kinder Morgan Inc. | 4.54% | 1,725,267 | $47.4M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 4.34% | 137,349 | $45.3M | Add +1.2% |
| ROIV Roivant Sciences Ltd. | 3.86% | 1,858,289 | $40.3M | Reduce -0.2% |
| PYPL PayPal Holdings Inc. | 3.81% | 680,852 | $39.7M | Add +5.3% |
| EPD Enterprise Products Partners | 3.63% | 1,181,138 | $37.9M | Reduce -0.2% |
| SHEL Shell PLC-ADR | 3.53% | 501,658 | $36.9M | Reduce -0.2% |
| RTX RTX Corp. | 3.39% | 193,028 | $35.4M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 3.12% | 190,184 | $32.5M | Reduce -0.2% |
| BUD Anheuser-Busch Inbev-SPN ADR | 2.99% | 486,842 | $31.2M | Add +4.9% |
| LMT Lockheed Martin Corp. | 2.58% | 55,773 | $27.0M | Add +0.5% |
| LVS Las Vegas Sands Corp. | 2.53% | 405,040 | $26.4M | Reduce -0.3% |
| BSM Black Stone Minerals LP | 2.50% | 1,967,467 | $26.1M | Add +2.5% |
| EVVTY Evolution AB-ADR | 2.24% | 344,620 | $23.4M | Add +102.9% |
| CHKP Check Point Software Tech | 2.18% | 122,442 | $22.7M | Reduce -0.2% |
| BMY Bristol-Myers Squibb Co. | 1.75% | 338,253 | $18.2M | Reduce -3.8% |
| SFM Sprouts Farmers Market Inc. | 1.71% | 223,830 | $17.8M | Add +29.9% |
| MTCH Match Group Inc. | 1.63% | 525,373 | $17.0M | Add +9.0% |
| MSFT Microsoft Corp. | 1.32% | 28,444 | $13.8M | Reduce -0.4% |
| XYL Xylem Inc. | 1.25% | 96,047 | $13.1M | Reduce -0.1% |
| WM Waste Management Inc. | 1.19% | 56,735 | $12.5M | Reduce -0.2% |
| KMB Kimberly-Clark Corp. | 0.84% | 87,170 | $8.8M | Add +533.5% |
| JNJ Johnson & Johnson | 0.82% | 41,425 | $8.6M | Reduce -0.3% |
| TGT Target Corp. | 0.79% | 84,671 | $8.3M | New |
| TXN Texas Instruments Inc. | 0.69% | 41,567 | $7.2M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.67% | 30,464 | $7.0M | Reduce -0.2% |
| ACN Accenture PLC Class A | 0.66% | 25,800 | $6.9M | No change |
| MCD McDonald's Corp. | 0.62% | 21,047 | $6.4M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.59% | 18,816 | $6.2M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.55% | 82,643 | $5.8M | Reduce -0.2% |
| UPS United Parcel Service Class B | 0.54% | 57,201 | $5.7M | Add +66.9% |
| VZ Verizon Communications Inc. | 0.52% | 133,579 | $5.4M | Add +38.1% |
| MTD Mettler-Toledo International | 0.43% | 3,228 | $4.5M | No change |
| PFE Pfizer Inc. | 0.41% | 171,332 | $4.3M | Add +50.9% |
| PEP Pepsico Inc. | 0.40% | 29,153 | $4.2M | Reduce -0.2% |
| NKE Nike Inc. Class B | 0.38% | 62,066 | $4.0M | Add +0.0% |
| AXP American Express Co. | 0.37% | 10,576 | $3.9M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.37% | 31,215 | $3.9M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.36% | 26,448 | $3.8M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.28% | 7,467 | $3.0M | Reduce -9.4% |
| LLY Eli Lilly & Co. | 0.28% | 2,750 | $3.0M | No change |
| SIRI Sirius XM Holdings Inc. | 0.26% | 136,262 | $2.7M | Reduce -78.5% |
| AMZN Amazon.com Inc. | 0.26% | 11,721 | $2.7M | Reduce -2.1% |
| SBUX Starbucks Corp. | 0.24% | 29,361 | $2.5M | Add +0.6% |
| USPH U.S. Physical Therapy Inc. | 0.22% | 29,793 | $2.3M | Add +0.0% |
| HON Honeywell International Inc. | 0.22% | 11,555 | $2.3M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 0.15% | 19,864 | $1.5M | Reduce -0.4% |
| MTDR Matador Resources Co. | 0.12% | 30,000 | $1.3M | No change |
| V Visa Inc. Class A | 0.11% | 3,350 | $1.2M | No change |
| FCFS Firstcash Holdings Inc. | 0.11% | 7,220 | $1.2M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.10% | 8,297 | $998K | No change |
| CAT Caterpillar Inc. | 0.09% | 1,600 | $917K | Reduce -5.9% |
| TSLA Tesla Inc. | 0.07% | 1,715 | $771K | No change |
| JPM JPMorgan Chase & Co. | 0.07% | 2,380 | $767K | Reduce -7.8% |
| VOO Vanguard S&P 500 ETF | 0.07% | 1,116 | $700K | No change |
| PAYX Paychex Inc. | 0.06% | 5,881 | $660K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 856 | $584K | Reduce -14.5% |
| DMLP Dorchester Minerals LP | 0.05% | 22,730 | $508K | Reduce -15.7% |
| META Meta Platforms Inc. Class A | 0.04% | 657 | $434K | Reduce -8.5% |
| ITOT iShares Core S&P Total U.S. | 0.04% | 2,500 | $372K | No change |
| HD Home Depot Inc. | 0.03% | 1,048 | $361K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 645 | $324K | No change |
| WMT Walmart Inc. | 0.03% | 2,720 | $303K | No change |
| TRV The Travelers Cos Inc. | 0.03% | 933 | $271K | No change |
| AVGO Broadcom Inc. | 0.03% | 770 | $266K | Reduce -10.4% |
| TOST Toast Inc. Class A | 0.03% | 7,500 | $266K | No change |
| SLV iShares Silver Trust | 0.02% | 4,000 | $258K | Reduce -27.3% |
| NFLX Netflix Inc. | 0.02% | 2,650 | $248K | No change |
| ORCL Oracle Corp. | 0.02% | 1,130 | $220K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 1,766 | $201K | No change |
| CLNN Clene Inc. | 0.01% | 11,000 | $65K | No change |
| GAME Gamesquare Hldgs Inc. | 0.00% | 10,000 | $4K | New |
Portfolio Sells Q3 2025 → Q4 2025
| SIRI Sirius XM Holdings Inc. | Reduce -78.5% | 0.26% | −1.26 |
| NVDA Nvidia Corp. | Reduce -3.9% | 8.93% | −1.10 |
| KMI Kinder Morgan Inc. | Reduce -0.2% | 4.54% | −0.52 |
| CHKP Check Point Software Tech | Reduce -0.2% | 2.18% | −0.45 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.25 |
| XYL Xylem Inc. | Reduce -0.1% | 1.25% | −0.21 |
| MSFT Microsoft Corp. | Reduce -0.4% | 1.32% | −0.21 |
| EPD Enterprise Products Partners | Reduce -0.2% | 3.63% | −0.20 |
| SHEL Shell PLC-ADR | Reduce -0.2% | 3.53% | −0.18 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 3.12% | −0.16 |
| WM Waste Management Inc. | Reduce -0.2% | 1.19% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -0.1% | 0.69% | −0.10 |
| AAPL Apple Inc. | Reduce -0.6% | 4.74% | −0.08 |
| ABBV Abbvie Inc. | Reduce -0.2% | 0.67% | −0.06 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.37% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 0.36% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.62% | −0.05 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.22% | −0.04 |
| GSLC Goldman Activebeta US LC ETF | Sold out | 0.00% | −0.03 |
| DMLP Dorchester Minerals LP | Reduce -15.7% | 0.05% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.2% | 0.40% | −0.02 |
| GLD SPDR Gold Shares | Reduce -9.4% | 0.28% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.55% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.5% | 0.06% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -8.5% | 0.04% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 0.26% | −0.01 |
| FCFS Firstcash Holdings Inc. | Reduce -2.7% | 0.11% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -7.8% | 0.07% | −0.01 |
| AVGO Broadcom Inc. | Reduce -10.4% | 0.03% | −0.00 |
| ENGINE MEDIA HLDGS INC | Sold out | 0.00% | −0.00 |
| SLV iShares Silver Trust | Reduce -27.3% | 0.02% | +0.00 |
| CAT Caterpillar Inc. | Reduce -5.9% | 0.09% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 0.15% | +0.01 |
| AXP American Express Co. | Reduce -0.0% | 0.37% | +0.01 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.82% | +0.03 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.59% | +0.04 |
| RTX RTX Corp. | Reduce -0.2% | 3.39% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.8% | 1.75% | +0.11 |
| LVS Las Vegas Sands Corp. | Reduce -0.3% | 2.53% | +0.27 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 5.16% | +0.81 |
| ROIV Roivant Sciences Ltd. | Reduce -0.2% | 3.86% | +0.95 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 13.88% | +2.19 |
Portfolio Buys Q3 2025 → Q4 2025
| EVVTY Evolution AB-ADR | Add +102.9% | 2.24% | +0.80 |
| TGT Target Corp. | New | 0.79% | +0.79 |
| KMB Kimberly-Clark Corp. | Add +533.5% | 0.84% | +0.67 |
| UPS United Parcel Service Class B | Add +66.9% | 0.54% | +0.25 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +4.9% | 2.99% | +0.13 |
| PFE Pfizer Inc. | Add +50.9% | 0.41% | +0.11 |
| VZ Verizon Communications Inc. | Add +38.1% | 0.52% | +0.08 |
| GAME Gamesquare Hldgs Inc. | New | 0.00% | +0.00 |
| SBUX Starbucks Corp. | Add +0.6% | 0.24% | −0.02 |
| USPH U.S. Physical Therapy Inc. | Add +0.0% | 0.22% | −0.04 |
| NKE Nike Inc. Class B | Add +0.0% | 0.38% | −0.07 |
| BSM Black Stone Minerals LP | Add +2.5% | 2.50% | −0.10 |
| MTCH Match Group Inc. | Add +9.0% | 1.63% | −0.13 |
| SFM Sprouts Farmers Market Inc. | Add +29.9% | 1.71% | −0.23 |
| LMT Lockheed Martin Corp. | Add +0.5% | 2.58% | −0.28 |
| UNH Unitedhealth Group Inc. | Add +1.2% | 4.34% | −0.50 |
| PYPL PayPal Holdings Inc. | Add +5.3% | 3.81% | −0.67 |
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 |