Stocks/Funds/CIK 1108893

PENN DAVIS MCFARLAND INC

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1108893
Assets
$1.02B
+21.1% YoY
Holdings
75
Lifetime alpha vs market
-0.67% annual
Average hold time
4.6 yr
median 3.0 yr

Quarterly history

Cum return +118% vs S&P +126% · α -9% lifetimeAUM $1.0B · peak $1.0BFlow $-16M (-2%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+2.63%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.46%
steady accumulation
Rally response
-1.14%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
GOOGAlphabet Inc.$124M12.1%+84.3%10.5 yr
NVDANVIDIA Corporation$87M8.5%+60.9%7.3 yr
KMIKinder Morgan, Inc.$57M5.6%+22.6%10.5 yr
SHELShell plc$46M4.5%+32.0%4.3 yr
AAPLApple Inc.$46M4.5%+14.7%10.3 yr
EPDEnterprise Products Part$44M4.4%+18.7%10.5 yr
ROIVRoivant Sciences Ltd.$44M4.3%+174.5%2.3 yr
UNHUnitedHealth Group Incor$37M3.6%-46.9%6.8 yr
RTXRTX Corporation$36M3.5%+48.1%6.0 yr
BUDAnheuser-Busch InBev SA/$34M3.3%+14.7%6.0 yr
LMTLockheed Martin Corporat$34M3.3%+39.0%4.8 yr
GOOGLAlphabet Inc.$31M3.1%10.5 yr
PYPLPayPal Holdings, Inc.$31M3.0%-30.3%4.3 yr
BSMBlack Stone Minerals, L.$30M2.9%+8.9%8.0 yr
CRMSalesforce, Inc.$29M2.8%-30.2%0.3 yr

Portfolio composition (YoY)

Industry mix
Internet Content & Information16.8%+2.7pp$172M
Semiconductors11.7%-0.1pp$120M
Oil & Gas Midstream10.0%-0.9pp$102M
Aerospace & Defense6.8%+1.1pp$70M
Drug Manufacturers - General5.0%-0.4pp$51M
Oil & Gas Integrated4.6%+0.1pp$47M
Consumer Electronics4.5%-0.4pp$46M
Biotechnology4.3%+2.3pp$44M
Gambling, Resorts & Casinos4.2%+2.3pp$43M
Medical - Healthcare Plans3.6%-0.8pp$37M
Country
US83.6%-1.8pp
GB8.8%+2.4pp
BE3.3%-0.1pp
SE2.1%
IL1.7%-1.7pp
IE0.5%-0.5pp
Unknown0.0%+0.0pp
Top 5: 35.2% · Top 10: 54.3% · Top 25: 86.3%

Winners

TickerPrev $PnLYoY %
GOOG$76M+0.06B84.3%
NVDA$63M+0.04B60.9%
ROIV$17M+0.03B174.5%
RTX$26M+0.01B48.1%
SHEL$37M+0.01B32.0%

Losers

TickerPrev $PnLYoY %
UNH$37M-0.02B-46.9%
SFM$27M-0.01B-49.5%
PYPL$41M-0.01B-30.3%
CHKP$28M-0.01B-37.3%
QCOM$29M-0.00B-14.2%

Top buys this quarter · 4

CRM Salesforce, Inc.new+$29M
TPL Texas Pacific Land Corporationnew+$0M
GEV GE Vernova Inc.new+$0M
VOO Vanguard S&P 500 ETF+$1M

Top sells this quarter · 15

GOOG Alphabet Inc.$9M
ROIV Roivant Sciences Ltd.$40M
RTX RTX Corporation$35M
AAPL Apple Inc.$1M
SIRI Sirius XM Holdings Inc.$1M
KMI Kinder Morgan, Inc.$47M
SHEL Shell plc$37M
NVDA NVIDIA Corporation$0M
UNH UnitedHealth Group Incorporate$0M
XOM Exxon Mobil Corporation$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1.02B75+18.16%+17.59%+0.56%-0.02B
2025-12-31$1.04B75+15.41%+17.72%-2.31%+0.02B
2025-09-30$968M76+11.50%+17.52%-6.01%+0.01B
2025-06-30$888M76+11.61%+14.94%-3.33%+0.01B
2025-03-31$844M74+10.39%+8.30%+2.09%-0.05B
2024-12-31$918M80+20.98%+24.89%-3.91%+0.01B
2024-09-30$888M76+28.85%+36.04%-7.19%+0.19B
2024-06-30$646M44+16.53%+24.49%-7.96%-0.02B
2024-03-31$644M46+16.30%+29.62%-13.33%+0.02B
2023-12-31$587M45+15.88%+26.18%-10.30%-0.03B
2023-09-30$570M45+14.13%+21.57%-7.43%+0.02B
2023-06-30$561M43+15.03%+19.42%-4.40%-0.00B
2023-03-31$545M43+0.38%-7.82%+8.20%+0.00B
2022-12-31$510M43+6.79%+7.56%-0.77%-0.02B
2022-09-30$499M43-1.60%-4.93%+3.32%-0.02B
2022-06-30$532M45-9.93%-16.11%+6.18%-0.03B