Fund HoldingsPENN DAVIS MCFARLAND INC

Total Portfolio Value
$1.04B
Total Bought
$42.17M
Total Sold
$100.62M
Net Transaction
-$58.45M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ALPHABET, INC. CL C (GOOGLE C)(GOOG)464,324461,553-2,771113,086144,83513.88%+31,749
ROIVANT SCIENCES LTD.(ROIV)1,862,0881,858,289-3,79928,17340,3253.86%+12,151
ALPHABET, INC. CL A (GOOGLE A)(GOOG)173,384172,137-1,24742,15053,8795.16%+11,729
EVOLUTION AB-ADR169,880344,620+174,74013,92823,4102.24%+9,482
TARGET CORP(TGT)084,671+84,67108,2770.79%+8,277
KIMBERLY CLARK, CORP.(KMB)13,76087,170+73,4101,7118,7950.84%+7,084
LAS VEGAS SANDS(LVS)406,337405,040-1,29721,85726,3642.53%+4,507
ANHEUSER-BUSCH INBEV SA/NV(BUD)464,094486,842+22,74827,66531,1772.99%+3,513
RTX CORP.(RTX)193,446193,028-41832,36935,4013.39%+3,032
APPLE, INC.(AAPL)182,988181,890-1,09846,59449,4494.74%+2,854
UNITED PARCEL SERVICE, INC.(UPS)34,27257,201+22,9292,8635,6740.54%+2,811
BRISTOL-MYERS SQUIBB CO(BMY)351,657338,253-13,40415,86018,2451.75%+2,386
PFIZER, INC.(PFE)113,555171,332+57,7772,8934,2660.41%+1,373
VERIZON COMMUNICATIONS(VZ)96,712133,579+36,8674,2505,4410.52%+1,190
BLACK STONE MINERALS LP(BSM)1,918,7901,967,467+48,67725,21326,1482.50%+935
SHELL PLC(SHEL)502,636501,658-97835,95436,8623.53%+908
JOHNSON & JOHNSON(JNJ)41,54041,425-1157,7028,5730.82%+871
ELI LILLY & CO.(LLY)2,7502,75002,0982,9550.28%+857
ENTERPRISE PRODUCTS PRTNS(EPD)1,183,7661,181,138-2,62837,01637,8673.63%+851
AMGEN, INC.(AMGN)18,83118,816-155,3146,1590.59%+845
QUALCOMM, INC.(QCOM)190,486190,184-30231,68932,5313.12%+842
ACCENTURE PLC
SHS CLASS A
25,80025,80006,3626,9220.66%+560
METTLER-TOLEDO INTERNATIONAL, INC.(MTD)3,2283,22803,9634,5000.43%+538
AMERICAN EXPRESS, CO.(AXP)10,58010,576-43,5143,9130.37%+398
COCA-COLA COMPANY(KO)82,77382,643-1305,4905,7780.55%+288
CISCO SYSTEMS, INC.(CSCO)19,94419,864-801,3651,5300.15%+166
CATERPILLAR, INC.(CAT)1,7001,600-1008119170.09%+105
PEPSICO, INC.(PEP)29,21329,153-604,1034,1840.40%+81
AMAZON, INC.(AMZN)11,97511,721-2542,6292,7050.26%+76
EXXON MOBIL, CORP.8,2978,29709359980.10%+63
VISA, INC.(V)3,3503,35001,1441,1750.11%+31
SPDR GOLD TRUST(GLD)8,2427,467-7752,9302,9590.28%+29
MCDONALDS, CORP.(MCD)21,08121,047-346,4066,4330.62%+26
ISHARES SILVER TRUST INDEX FUND(SLV)5,5004,000-1,5002332580.02%+25
WAL-MART INC.(WMT)2,7202,72002803030.03%+23
VANGUARD S&P 500 ETF1,1161,11606837000.07%+16
TRAVELERS COMPANIES(TRV)93393302612710.03%+10
TESLA, INC.(TSLA)1,7151,71507637710.07%+9
ISHARES TOTAL US STOCK MARKET ETF2,5002,50003643720.04%+8
GAMESQUARE HOLDINGS, INC.010,000+10,000040.00%+4
STARBUCKS, CORP.(SBUX)29,19929,361+1622,4702,4720.24%+2
BERKSHIRE HATHAWAY CLASS B64564503243240.03%-0
WALT DISNEY COMPANY(DIS)1,7661,76602022010.02%-1
CLENE, INC.11,00011,000066650.01%-2
GAMESQUARE HOLDINGS, INC.10,0000-10,00070-7
TOAST, INC.(TOST)7,5007,50002742660.03%-7
BROADCOM INC(AVGO)859770-892832660.03%-17
FIRSTCASH HLDGS, INC.(FCFS)7,4207,220-2001,1751,1510.11%-25
JP MORGAN CHASE & CO(JPM)2,5802,380-2008147670.07%-47
MATCH GROUP INC.(MTCH)482,060525,373+43,31317,02616,9641.63%-62
HOME DEPOT, INC.(HD)1,0481,04804253610.03%-64
NETFLIX, INC.(NFLX)2652,650+2,3853182480.02%-69
MATADOR RESOURCES CO.(MTDR)30,00030,00001,3481,2730.12%-75
SPDR S & P 500 ETF(SPY)1,001856-1456675840.06%-83
PAYCHEX INC.(PAYX)5,8815,88107456600.06%-86
WASTE MANGEMENT, INC.(WM)56,84056,735-10512,55212,4651.19%-87
META PLATFORMS, INC.(META)718657-615274340.04%-94
ORACLE CORP(ORCL)1,1301,13003182200.02%-98
ABBVIE, INC.(ABBV)30,51430,464-507,0656,9610.67%-104
DORCHESTER MINERALS LP(DMLP)26,97622,730-4,2466985080.05%-190
HONEYWELL INTERNATIONAL, INC.(HON)11,63611,555-812,4492,2540.22%-195
U.S. PHYSICAL THERAPY, INC.(USPH)29,78929,793+42,5312,3270.22%-204
GOLDMAN SACHS ACTIVEBETA US LRG ETF2,0000-2,0002610-261
ABBOTT LABORATORIES31,27531,215-604,1893,9110.37%-278
PROCTER & GAMBLE, CO.(PG)26,50326,448-554,0723,7900.36%-282
NIKE, INC.(NKE)62,04662,066+204,3263,9540.38%-372
TEXAS INSTRUMENTS, INC.(TXN)41,59741,567-307,6437,2110.69%-431
LOCKHEED MARTIN CORP(LMT)55,50755,773+26627,71026,9762.58%-734
SPROUTS FARMERS MARKET INC(SFM)172,314223,830+51,51618,74817,8331.71%-915
MICROSOFT CORPORATION(MSFT)28,54628,444-10214,78513,7561.32%-1,029
XYLEM, INC.(XYL)96,18996,047-14214,18813,0801.25%-1,108
UNITEDHEALTH GROUP, INC.(UNH)135,687137,349+1,66246,85345,3404.34%-1,512
KINDER MORGAN, INC.(KMI)1,729,0571,725,267-3,79048,95047,4284.54%-1,522
COLGATE PALMOLIVE, CO.(CL)30,2800-30,2802,4210-2,421
CHECK POINT SOFTWARE TECH
ORD
122,669122,442-22725,38122,7202.18%-2,661
PAYPAL HOLDINGS, INC.(PYPL)646,858680,852+33,99443,37839,7483.81%-3,630
NVIDIA CORP(NVDA)520,278500,033-20,24597,07393,2568.93%-3,817
SIRIUSXM HOLDINGS INC.(SIRI)634,294136,262-498,03214,7632,7250.26%-12,039
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