Fund Holdings

PENN DAVIS MCFARLAND INC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ALPHABET, INC. CL C (GOOGLE C)(GOOG)483,994464,324-19,67085,855,678113,086,08611.69%+27,230,408
EVOLUTION AB-ADR0169,880+169,880013,928,4611.44%+13,928,461
ALPHABET, INC. CL A (GOOGLE A)(GOOG)172,859173,384+52530,462,94242,149,7334.36%+11,686,791
NVIDIA CORP(NVDA)542,631520,278-22,35385,730,27297,073,46910.03%+11,343,197
ROIVANT SCIENCES LTD.(ROIV)1,691,6321,862,088+170,45619,064,69328,173,3912.91%+9,108,698
APPLE, INC.(AAPL)183,118182,988-13037,570,32046,594,2994.82%+9,023,979
LOCKHEED MARTIN CORP(LMT)48,45555,507+7,05222,441,44927,709,6492.86%+5,268,200
UNITEDHEALTH GROUP, INC.(UNH)134,504135,687+1,18341,961,21346,852,7214.84%+4,891,508
LAS VEGAS SANDS(LVS)408,360406,337-2,02317,767,74421,856,8672.26%+4,089,123
RTX CORP.(RTX)196,498193,446-3,05228,692,63832,369,3193.35%+3,676,681
MATCH GROUP INC.(MTCH)483,700482,060-1,64014,941,49317,026,3591.76%+2,084,866
XYLEM, INC.(XYL)96,50496,189-31512,483,75714,187,8781.47%+1,704,121
ABBVIE, INC.(ABBV)30,51430,51405,664,0097,065,2120.73%+1,401,203
JOHNSON & JOHNSON(JNJ)41,54041,54006,345,2357,702,3470.80%+1,357,112
QUALCOMM, INC.(QCOM)190,988190,486-50230,416,74931,689,2513.27%+1,272,502
BLACK STONE MINERALS LP(BSM)1,851,8921,918,790+66,89824,222,74725,212,9012.61%+990,154
MICROSOFT CORPORATION(MSFT)28,66128,546-11514,256,26814,785,4011.53%+529,133
SPDR GOLD TRUST(GLD)8,2428,24202,512,4092,929,7840.30%+417,375
TESLA, INC.(TSLA)1,2151,715+500385,957762,6950.08%+376,738
DORCHESTER MINERALS LP(DMLP)11,66526,976+15,311324,987698,4010.07%+373,414
SHELL PLC(SHEL)506,170502,636-3,53435,639,43035,953,5533.72%+314,123
MCDONALDS, CORP.(MCD)21,08121,08106,159,2366,406,3050.66%+247,069
PEPSICO, INC.(PEP)29,21329,21303,857,2854,102,6740.42%+245,389
ISHARES SILVER TRUST INDEX FUND(SLV)05,500+5,5000233,0350.02%+233,035
U.S. PHYSICAL THERAPY, INC.(USPH)30,08929,789-3002,352,9602,530,5760.26%+177,616
ENTERPRISE PRODUCTS PRTNS(EPD)1,188,0911,183,766-4,32536,842,70237,016,3633.83%+173,661
FIRSTCASH HLDGS, INC.(FCFS)7,4207,42001,002,7391,175,4760.12%+172,737
METTLER-TOLEDO INTERNATIONAL, INC.(MTD)3,2283,22803,791,9963,962,7250.41%+170,729
VERIZON COMMUNICATIONS(VZ)94,52296,712+2,1904,089,9674,250,4920.44%+160,525
AMERICAN EXPRESS, CO.(AXP)10,58010,58003,374,8083,514,2530.36%+139,445
JP MORGAN CHASE & CO(JPM)2,5802,5800747,968813,8090.08%+65,841
AMGEN, INC.(AMGN)18,83118,83105,257,8045,314,1080.55%+56,304
HOME DEPOT, INC.(HD)1,0481,0480384,239424,6390.04%+40,400
ORACLE CORP(ORCL)1,2901,130-160282,033317,8010.03%+35,768
CATERPILLAR, INC.(CAT)2,0001,700-300776,420811,1550.08%+34,735
ISHARES TOTAL US STOCK MARKET ETF2,5002,5000337,600364,1250.04%+26,525
CLENE, INC.11,00011,000043,01066,2750.01%+23,265
BROADCOM INC(AVGO)955859-96263,246283,3930.03%+20,147
GOLDMAN SACHS ACTIVEBETA US LRG ETF2,0002,0000242,760260,5600.03%+17,800
WAL-MART INC.(WMT)2,7202,7200265,962280,3230.03%+14,361
BERKSHIRE HATHAWAY CLASS B6456450313,322324,2670.03%+10,945
TRAVELERS COMPANIES(TRV)9339330249,615260,5120.03%+10,897
GAMESQUARE HOLDINGS, INC.010,000+10,00006,7880.00%+6,788
SPDR S & P 500 ETF(SPY)1,1011,001-100680,138666,7930.07%-13,345
WALT DISNEY COMPANY(DIS)1,7661,7660219,002202,2070.02%-16,795
PFIZER, INC.(PFE)120,365113,555-6,8102,917,6482,893,3810.30%-24,267
NETFLIX, INC.(NFLX)2652650354,869317,7140.03%-37,155
ELI LILLY & CO.(LLY)2,7502,75002,143,7082,098,2500.22%-45,458
META PLATFORMS, INC.(META)785718-67579,401527,2850.05%-52,116
VISA, INC.(V)3,3683,350-181,195,8081,143,6230.12%-52,185
AMAZON, INC.(AMZN)12,24511,975-2702,686,4312,629,3510.27%-57,080
TOAST, INC.(TOST)7,5007,5000332,175273,8250.03%-58,350
KIMBERLY CLARK, CORP.(KMB)13,76013,76001,773,9391,710,9180.18%-63,021
ABBOTT LABORATORIES31,27531,27504,253,7134,188,9740.43%-64,739
CISCO SYSTEMS, INC.(CSCO)20,74419,944-8001,439,2191,364,5680.14%-74,651
NIKE, INC.(NKE)62,06662,046-204,409,1694,326,4680.45%-82,701
MATADOR RESOURCES CO.(MTDR)30,00030,00001,431,6001,347,9000.14%-83,700
EXXON MOBIL, CORP.9,5478,297-1,2501,029,167935,4870.10%-93,680
PAYCHEX INC.(PAYX)5,8815,8810855,450745,4760.08%-109,974
VANGUARD S&P 500 ETF1,4101,116-294800,922683,4160.07%-117,506
PROCTER & GAMBLE, CO.(PG)26,50326,50304,222,4584,072,1860.42%-150,272
STARBUCKS, CORP.(SBUX)29,19929,19902,675,5042,470,2350.26%-205,269
SIRIUSXM HOLDINGS INC.(SIRI)651,898634,294-17,60414,974,09714,763,1931.53%-210,904
HONEYWELL INTERNATIONAL, INC.(HON)11,63611,63602,709,7922,449,3780.25%-260,414
COLGATE PALMOLIVE, CO.(CL)30,28030,28002,752,4522,420,5830.25%-331,869
IDEXX LABS, INC.(IDXX)7610-761408,1550-408,155
COCA-COLA COMPANY(KO)83,77382,773-1,0005,926,9405,489,5050.57%-437,435
WASTE MANGEMENT, INC.(WM)56,89056,840-5013,017,57012,551,9771.30%-465,593
MASTERCARD, INC. CL A(MA)9470-947532,1570-532,157
BRISTOL-MYERS SQUIBB CO(BMY)356,610351,657-4,95316,507,47715,859,7311.64%-647,746
TEXAS INSTRUMENTS, INC.(TXN)41,59741,59708,636,3697,642,6170.79%-993,752
UNITED PARCEL SERVICE, INC.(UPS)38,60234,272-4,3303,896,4862,862,7400.30%-1,033,746
ACCENTURE PLC25,86925,800-697,731,9856,362,2800.66%-1,369,705
CHECK POINT SOFTWARE TECH123,671122,669-1,00227,362,20925,381,4432.62%-1,980,766
KINDER MORGAN, INC.(KMI)1,744,7421,729,057-15,68551,295,41548,949,6045.06%-2,345,811
BECTON, DICKINSON & CO.(BDX)14,7580-14,7582,542,0660-2,542,066
ANHEUSER-BUSCH INBEV SA/NV(BUD)465,668464,094-1,57432,000,70527,664,6432.86%-4,336,062
PAYPAL HOLDINGS, INC.(PYPL)643,716646,858+3,14247,840,97343,378,2974.48%-4,462,676
SPROUTS FARMERS MARKET INC(SFM)172,132172,314+18228,339,81218,747,7631.94%-9,592,049
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