PENN DAVIS MCFARLAND INC

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
1/16/2026
Form type
13F-HR
Num holdings
75
Total value ($000)
$1,043,824
Net value change ($000)
+76,175 (7.9%)
New positions
2
Sold out positions
3
Turnover %
1.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/21/2025 Next filing: 4/21/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 31,749 28.1%
ROIV 12,152 43.1%
GOOGL 11,729 27.8%
EVVTY 9,482 68.1%
TGT 8,277 NEW
KMB 7,084 414.0%
LVS 4,507 20.6%
BUD 3,512 12.7%
RTX 3,032 9.4%
AAPL 2,855 6.1%
Top Reduces (Value $000, Stocks/ETFs)
SIRI -12,038 -81.5%
NVDA -3,817 -3.9%
PYPL -3,630 -8.4%
CHKP -2,661 -10.5%
CL -2,421 -100.0%
KMI -1,522 -3.1%
UNH -1,513 -3.2%
XYL -1,108 -7.8%
MSFT -1,029 -7.0%
SFM -915 -4.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type