Penn Davis McFarland Inc. has filed a Form 13F-HR with the Securities and Exchange Commission, disclosing its equity holdings as of September 30, 2026. The filing reports that the firm manages a portfolio of 74 distinct positions.
The largest position disclosed in the portfolio is Black Stone Minerals LP, for which the firm holds 1,946,007 shares. Other significant holdings include Kinder Morgan, Inc. with 1,618,894 shares, and Enterprise Products Partners with 1,168,402 shares. The filing also lists substantial stakes in Celcius Holding Inc. (986,363 shares), PayPal Holdings, Inc. (677,073 shares), and Anheuser-Busch InBev SA/NV (480,416 shares).
The portfolio is heavily weighted toward technology and energy sectors. Major technology holdings include Apple Inc. (172,408 shares), Accenture PLC (320,574 shares), and Alphabet Inc. Class C (426,124 shares). Other notable technology names listed include Microsoft Corporation (28,582 shares), Meta Platforms, Inc. (587 shares), and NVIDIA Corp. (462,223 shares). Energy-related positions include ExxonMobil Hldgs Corp (7,063 shares) and Shell PLC (490,102 shares).
The filing details that Robert E. Felty serves as the Chief Compliance Officer for the firm and is responsible for the preparation of the report. The principal executive office is located at 2626 Cole Avenue Suite 504, Dallas, TX 75204.
