PENN DAVIS MCFARLAND INC Long-Term Concentrated

Name: PENN DAVIS MCFARLAND INC Q3 2026 13F Filing | 13F Explorer
Creator: PENN DAVIS MCFARLAND INC
Published: 2026-10-23

Location: Dallas, TX

CIK: 0001108893 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 23, 2026

Total Value: $1.174B (100.0% shares, 0.0% debt)

Holdings (74)

New Positions (2)

CELH CELSIUS HOLDING INC. 2.3%

Value $26.98M Shares 986,363 Share Price $27.35 Est. Cost/Share $29.67 Unrealized @ Report Date -7.8%

XOM EXXONMOBIL HLDGS CORP 0.1%

Value $1.15M Shares 7,063 Share Price $162.75 Est. Cost/Share $162.75 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CELH	CELSIUS HOLDING INC.	986,363	$26.98M	2.3%	$27.35	$29.67	-7.8%	Common Stocks	15118V207
XOM	EXXONMOBIL HLDGS CORP	7,063	$1.15M	0.1%	$162.75	$162.75	—	Common Stocks	30233Q108

Increased Positions (2)

SFM SPROUTS FARMERS MARKET INC 2.0%

Value $23.57M (+24.8%) Shares 355,204 (+59.1%) Share Price $66.35 Est. Cost/Share $51.40 Unrealized @ Report Date +29.1%

VOO VANGUARD S&P 500 ETF 0.1%

Value $1.451M (+24.0%) Shares 2,071 (+21.5%) Share Price $700.86 Est. Cost/Share $532.62 Unrealized @ Report Date +31.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SFM	SPROUTS FARMERS MARKET INC	355,204 (+59.1%)	$23.57M (+24.8%)	2.0%	$66.35	$51.40	+29.1%	Common Stocks	85208M102
VOO	VANGUARD S&P 500 ETF	2,071 (+21.5%)	$1.451M (+24.0%)	0.1%	$700.86	$532.62	+31.6%	Common Stocks	922908363

Exited Positions (7)

BMY BRISTOL-MYERS SQUIBB CO 1.2%

Value $13.86M Shares 240,615 Share Price $57.62 * Est. Cost/Share $42.42 Unrealized @ Report Date +47.1%

PG PROCTER & GAMBLE, CO. 0.3%

Value $3.862M Shares 26,340 Share Price $146.64 Est. Cost/Share $164.23 Unrealized @ Report Date -11.5%

NKE NIKE, INC. 0.2%

Value $2.53M Shares 61,621 Share Price $41.05 * Est. Cost/Share $76.01 Unrealized @ Report Date -53.4%

XOM EXXON MOBIL, CORP. 0.1%

Value $1.055M Shares 7,718 Share Price $136.72 * Est. Cost/Share $101.66 Unrealized @ Report Date +60.1%

SOLS SOLSTICE ADVANCED MATERIALS, INC. 0.0%

Value $218K Shares 2,457 Share Price $88.60 * Est. Cost/Share $82.50 Unrealized @ Report Date -31.7%

ARCC ARES CAP CORP COM 0.0%

Value $198K Shares 10,663 Share Price $18.53 * Est. Cost/Share $18.67 Unrealized @ Report Date +2.3%

GAME GAMESQUARE HOLDINGS, INC. 0.0%

Value $3,950 Shares 10,000 Share Price $0.40 * Est. Cost/Share $0.58 Unrealized @ Report Date +429.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BMY	BRISTOL-MYERS SQUIBB CO	240,615	$13.86M	1.2%	$57.62 *	$42.42	+47.1%	—	110122108
PG	PROCTER & GAMBLE, CO.	26,340	$3.862M	0.3%	$146.64	$164.23	-11.5%	—	742718109
NKE	NIKE, INC.	61,621	$2.53M	0.2%	$41.05 *	$76.01	-53.4%	—	654106103
XOM	EXXON MOBIL, CORP.	7,718	$1.055M	0.1%	$136.72 *	$101.66	+60.1%	—	30231G102
SOLS	SOLSTICE ADVANCED MATERIALS, INC.	2,457	$218K	0.0%	$88.60 *	$82.50	-31.7%	—	83443Q103
ARCC	ARES CAP CORP COM	10,663	$198K	0.0%	$18.53 *	$18.67	+2.3%	—	04010L103
GAME	GAMESQUARE HOLDINGS, INC.	10,000	$3,950	0.0%	$0.40 *	$0.58	+429.1%	—	36468G103

Decreased Positions (11)

UNH UNITEDHEALTH GROUP, INC. 4.2%

Value $49M (-13.5%) Shares 133,482 (-2.0%) Share Price $367.08 Est. Cost/Share $344.03 Unrealized @ Report Date +6.7%

AAPL APPLE, INC. 4.9%

Value $57.42M (+13.1%) Shares 172,408 (-1.8%) Share Price $333.02 Est. Cost/Share $100.09 Unrealized @ Report Date +232.7%

KMI KINDER MORGAN, INC. 4.2%

Value $48.81M (-8.8%) Shares 1,618,894 (-3.3%) Share Price $30.15 Est. Cost/Share $14.34 Unrealized @ Report Date +110.2%

LVS LAS VEGAS SANDS 1.2%

Value $14.57M (-19.0%) Shares 385,277 (-1.1%) Share Price $37.81 Est. Cost/Share $41.52 Unrealized @ Report Date -8.9%

QCOM QUALCOMM, INC. 2.9%

Value $33.93M (-2.0%) Shares 184,385 (-1.6%) Share Price $184.04 Est. Cost/Share $45.29 Unrealized @ Report Date +306.3%

HONA HONEYWELL AEROSPACE INC 0.1%

Value $854K (-33.0%) Shares 5,513 (-4.4%) Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

LLY ELI LILLY & CO. 0.3%

Value $3.003M (-7.1%) Shares 2,595 (-3.7%) Share Price $1157.08 Est. Cost/Share $878.11 Unrealized @ Report Date +31.8%

CSCO CISCO SYSTEMS, INC. 0.2%

Value $2.125M (-9.4%) Shares 19,740 (-1.1%) Share Price $107.63 Est. Cost/Share $46.78 Unrealized @ Report Date +130.1%

ROIV ROIVANT SCIENCES LTD. 4.7%

Value $55.71M (-0.4%) Shares 1,523,345 (-3.6%) Share Price $36.57 Est. Cost/Share $10.94 Unrealized @ Report Date +234.3%

TRV TRAVELERS COMPANIES 0.0%

Value $292K (-5.1%) Shares 820 (-12.1%) Share Price $356.51 Est. Cost/Share $215.32 Unrealized @ Report Date +65.6%

SPY SPDR S & P 500 ETF 0.0%

Value $278K (+0.5%) Shares 364 (-1.6%) Share Price $763.34 Est. Cost/Share $418.02 Unrealized @ Report Date +82.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UNH	UNITEDHEALTH GROUP, INC.	133,482 (-2.0%)	$49M (-13.5%)	4.2%	$367.08	$344.03	+6.7%	Common Stocks	91324P102
AAPL	APPLE, INC.	172,408 (-1.8%)	$57.42M (+13.1%)	4.9%	$333.02	$100.09	+232.7%	Common Stocks	037833100
KMI	KINDER MORGAN, INC.	1,618,894 (-3.3%)	$48.81M (-8.8%)	4.2%	$30.15	$14.34	+110.2%	Common Stocks	49456B101
LVS	LAS VEGAS SANDS	385,277 (-1.1%)	$14.57M (-19.0%)	1.2%	$37.81	$41.52	-8.9%	Common Stocks	517834107
QCOM	QUALCOMM, INC.	184,385 (-1.6%)	$33.93M (-2.0%)	2.9%	$184.04	$45.29	+306.3%	Common Stocks	747525103
HONA	HONEYWELL AEROSPACE INC	5,513 (-4.4%)	$854K (-33.0%)	0.1%	$154.97	$240.18	-35.5%	Common Stocks	43849R105
LLY	ELI LILLY & CO.	2,595 (-3.7%)	$3.003M (-7.1%)	0.3%	$1157.08	$878.11	+31.8%	Common Stocks	532457108
CSCO	CISCO SYSTEMS, INC.	19,740 (-1.1%)	$2.125M (-9.4%)	0.2%	$107.63	$46.78	+130.1%	Common Stocks	17275R102
ROIV	ROIVANT SCIENCES LTD.	1,523,345 (-3.6%)	$55.71M (-0.4%)	4.7%	$36.57	$10.94	+234.3%	Common Stocks	G76279101
TRV	TRAVELERS COMPANIES	820 (-12.1%)	$292K (-5.1%)	0.0%	$356.51	$215.32	+65.6%	Common Stocks	89417E109
SPY	SPDR S & P 500 ETF	364 (-1.6%)	$278K (+0.5%)	0.0%	$763.34	$418.02	+82.4%	Common Stocks	78462F103

Unchanged Positions (59)

ACN ACCENTURE PLC 5.0%

Value $58.78M Shares 320,574 Share Price $183.37 Est. Cost/Share $165.57 Unrealized @ Report Date +10.7%

NVDA NVIDIA CORP 9.0%

Value $106M Shares 462,223 Share Price $228.38 Est. Cost/Share $117.17 Unrealized @ Report Date +94.9%

CRM SALESFORCE INC 3.1%

Value $36.39M Shares 158,517 Share Price $229.57 Est. Cost/Share $206.78 Unrealized @ Report Date +11.0%

SHEL SHELL PLC 4.0%

Value $46.58M Shares 490,102 Share Price $95.05 Est. Cost/Share $51.83 Unrealized @ Report Date +83.4%

PYPL PAYPAL HOLDINGS, INC. 3.0%

Value $35.57M Shares 677,073 Share Price $52.53 Est. Cost/Share $86.46 Unrealized @ Report Date -39.2%

GOOG ALPHABET, INC. CL C (GOOGLE C) 12.4%

Value $145M Shares 426,124 Share Price $340.74 Est. Cost/Share $111.00 Unrealized @ Report Date +207.0%

BUD ANHEUSER-BUSCH INBEV SA/NV 3.0%

Value $35.3M Shares 480,416 Share Price $73.47 Est. Cost/Share $53.59 Unrealized @ Report Date +37.1%

MSFT MICROSOFT CORPORATION 1.2%

Value $14.66M Shares 28,582 Share Price $512.90 Est. Cost/Share $409.88 Unrealized @ Report Date +25.1%

EVVTY EVOLUTION AB-ADR 2.3%

Value $26.87M Shares 344,930 Share Price $77.90 Est. Cost/Share $78.15 Unrealized @ Report Date -0.3%

TGT TARGET CORP 1.1%

Value $13.19M Shares 84,166 Share Price $156.69 Est. Cost/Share $91.63 Unrealized @ Report Date +71.0%

XYL XYLEM, INC. 0.8%

Value $9.63M Shares 95,088 Share Price $101.27 Est. Cost/Share $33.22 Unrealized @ Report Date +204.9%

EPD ENTERPRISE PRODUCTS PRTNS 3.5%

Value $41.61M Shares 1,168,402 Share Price $35.61 Est. Cost/Share $45.32 Unrealized @ Report Date —

GOOGL ALPHABET, INC. CL A (GOOGLE A) 3.0%

Value $35.44M Shares 103,003 Share Price $344.08 Est. Cost/Share $106.39 Unrealized @ Report Date +223.4%

MTCH MATCH GROUP INC. 1.8%

Value $21.39M Shares 532,813 Share Price $40.15 Est. Cost/Share $37.38 Unrealized @ Report Date +7.4%

RTX RTX CORP. 2.9%

Value $34.28M Shares 184,665 Share Price $185.65 Est. Cost/Share $59.52 Unrealized @ Report Date +211.9%

AMGN AMGEN, INC. 0.7%

Value $7.892M Shares 18,723 Share Price $421.51 Est. Cost/Share $298.82 Unrealized @ Report Date +41.1%

KMB KIMBERLY CLARK, CORP. 0.7%

Value $8.225M Shares 84,416 Share Price $97.43 Est. Cost/Share $112.04 Unrealized @ Report Date -13.0%

WM WASTE MANGEMENT, INC. 1.0%

Value $11.48M Shares 56,320 Share Price $203.92 Est. Cost/Share $204.28 Unrealized @ Report Date -0.2%

MCD MCDONALDS, CORP. 0.4%

Value $4.853M Shares 21,014 Share Price $230.94 Est. Cost/Share $266.70 Unrealized @ Report Date -13.4%

UPS UNITED PARCEL SERVICE, INC. 0.5%

Value $5.299M Shares 56,713 Share Price $93.44 Est. Cost/Share $106.83 Unrealized @ Report Date -12.5%

TXN TEXAS INSTRUMENTS, INC. 1.0%

Value $11.7M Shares 41,773 Share Price $280.09 Est. Cost/Share $192.06 Unrealized @ Report Date +45.8%

MTD METTLER-TOLEDO INTERNATIONAL, INC. 0.4%

Value $4.862M Shares 3,218 Share Price $1510.95 Est. Cost/Share $1403.70 Unrealized @ Report Date +7.6%

PFE PFIZER, INC. 0.4%

Value $4.819M Shares 168,955 Share Price $28.52 Est. Cost/Share $25.64 Unrealized @ Report Date +11.2%

BSM BLACK STONE MINERALS LP 2.4%

Value $27.87M Shares 1,946,007 Share Price $14.32 Est. Cost/Share $11.42 Unrealized @ Report Date —

USPH U.S. PHYSICAL THERAPY, INC. 0.2%

Value $2.547M Shares 29,713 Share Price $85.73 Est. Cost/Share $88.73 Unrealized @ Report Date -3.4%

VZ VERIZON COMMUNICATIONS 0.5%

Value $6.047M Shares 131,839 Share Price $45.87 Est. Cost/Share $39.15 Unrealized @ Report Date +17.2%

JNJ JOHNSON & JOHNSON 0.9%

Value $10.89M Shares 41,142 Share Price $264.74 Est. Cost/Share $152.66 Unrealized @ Report Date +73.4%

CHKP CHECK POINT SOFTWARE TECH 1.3%

Value $15.63M Shares 121,785 Share Price $128.35 Est. Cost/Share $75.35 Unrealized @ Report Date +70.3%

AXP AMERICAN EXPRESS, CO. 0.3%

Value $3.204M Shares 10,536 Share Price $304.10 Est. Cost/Share $245.13 Unrealized @ Report Date +24.1%

KO COCA-COLA COMPANY 0.6%

Value $7.063M Shares 82,052 Share Price $86.08 Est. Cost/Share $65.65 Unrealized @ Report Date +31.1%

CAT CATERPILLAR, INC. 0.1%

Value $1.077M Shares 1,328 Share Price $810.79 Est. Cost/Share $371.56 Unrealized @ Report Date +118.2%

ABBV ABBVIE, INC. 0.7%

Value $7.999M Shares 30,580 Share Price $261.59 Est. Cost/Share $178.69 Unrealized @ Report Date +46.4%

LMT LOCKHEED MARTIN CORP 2.4%

Value $28.05M Shares 55,084 Share Price $509.25 Est. Cost/Share $344.08 Unrealized @ Report Date +48.0%

PEP PEPSICO, INC. 0.3%

Value $3.682M Shares 29,058 Share Price $126.72 Est. Cost/Share $159.65 Unrealized @ Report Date -20.6%

ABT ABBOTT LABORATORIES 0.3%

Value $3.085M Shares 31,214 Share Price $98.83 Est. Cost/Share $107.07 Unrealized @ Report Date -7.7%

TSLA TESLA, INC. 0.1%

Value $608K Shares 1,715 Share Price $354.81 Est. Cost/Share $262.68 Unrealized @ Report Date +35.1%

META META PLATFORMS, INC. 0.0%

Value $426K Shares 587 Share Price $725.18 Est. Cost/Share $584.74 Unrealized @ Report Date +24.0%

GLD SPDR GOLD TRUST 0.2%

Value $2.774M Shares 7,283 Share Price $380.84 Est. Cost/Share $212.83 Unrealized @ Report Date +78.9%

HON HONEYWELL INTERNATIONAL, INC. 0.1%

Value $1.216M Shares 5,763 Share Price $210.94 Est. Cost/Share $223.88 Unrealized @ Report Date —

AMZN AMAZON, INC. 0.2%

Value $2.1M Shares 8,430 Share Price $249.15 Est. Cost/Share $164.44 Unrealized @ Report Date +51.5%

HD HOME DEPOT, INC. 0.0%

Value $295K Shares 1,037 Share Price $284.49 Est. Cost/Share $352.64 Unrealized @ Report Date -19.3%

DMLP DORCHESTER MINERALS LP 0.1%

Value $632K Shares 22,530 Share Price $28.04 Est. Cost/Share $22.99 Unrealized @ Report Date —

MTDR MATADOR RESOURCES CO. 0.1%

Value $1.547M Shares 30,000 Share Price $51.58 Est. Cost/Share $9.87 Unrealized @ Report Date +422.4%

GEV GE VERNOVA LLC 0.0%

Value $228K Shares 240 Share Price $950.49 Est. Cost/Share $780.17 Unrealized @ Report Date +21.8%

DELL DELL INC 0.0%

Value $265K Shares 492 Share Price $537.95 Est. Cost/Share $289.23 Unrealized @ Report Date +86.0%

V VISA, INC. 0.1%

Value $1.096M Shares 3,050 Share Price $359.33 Est. Cost/Share $147.01 Unrealized @ Report Date +144.4%

PANW PALO ALTO NETWORKS, INC. 0.0%

Value $280K Shares 705 Share Price $397.31 Est. Cost/Share $228.90 Unrealized @ Report Date +73.6%

FCFS FIRSTCASH HLDGS, INC. 0.1%

Value $1.525M Shares 7,220 Share Price $211.23 Est. Cost/Share $111.06 Unrealized @ Report Date +90.2%

WMT WAL-MART INC. 0.0%

Value $283K Shares 2,720 Share Price $103.92 Est. Cost/Share $85.80 Unrealized @ Report Date +21.1%

AVGO BROADCOM INC 0.0%

Value $331K Shares 943 Share Price $351.19 Est. Cost/Share $267.53 Unrealized @ Report Date +31.3%

JPM JP MORGAN CHASE & CO 0.2%

Value $2.365M Shares 7,150 Share Price $330.83 Est. Cost/Share $259.75 Unrealized @ Report Date +27.4%

CLNN CLENE, INC. 0.0%

Value $44,880 Shares 11,000 Share Price $4.08 Est. Cost/Share $4.53 Unrealized @ Report Date -9.9%

TECK TECK RESOURCES LTD. CLASS B 0.0%

Value $237K Shares 3,600 Share Price $65.79 Est. Cost/Share $60.95 Unrealized @ Report Date +7.9%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value $322K Shares 527 Share Price $611.76 Est. Cost/Share $409.99 Unrealized @ Report Date +49.2%

VUG VANGUARD GROWTH ETF 0.0%

Value $214K Shares 2,370 Share Price $90.11 Est. Cost/Share $84.14 Unrealized @ Report Date +7.1%

ITOT ISHARES TOTAL US STOCK MARKET ETF 0.0%

Value $416K Shares 2,500 Share Price $166.28 Est. Cost/Share $121.07 Unrealized @ Report Date +37.3%

ETN EATON CORPORATION PLC 0.0%

Value $265K Shares 617 Share Price $429.71 Est. Cost/Share $403.27 Unrealized @ Report Date +6.6%

BRK/B BERKSHIRE HATHAWAY CLASS B 0.0%

Value $321K Shares 645 Share Price $497.95 Est. Cost/Share $375.99 Unrealized @ Report Date +32.4%

PAYX PAYCHEX INC. 0.0%

Value $579K Shares 5,881 Share Price $98.50 Est. Cost/Share $53.26 Unrealized @ Report Date +84.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACN	ACCENTURE PLC	320,574	$58.78M	5.0%	$183.37	$165.57	+10.7%	Common Stocks	G1151C101
NVDA	NVIDIA CORP	462,223	$106M	9.0%	$228.38	$117.17	+94.9%	Common Stocks	67066G104
CRM	SALESFORCE INC	158,517	$36.39M	3.1%	$229.57	$206.78	+11.0%	Common Stocks	79466L302
SHEL	SHELL PLC	490,102	$46.58M	4.0%	$95.05	$51.83	+83.4%	Common Stocks	780259305
PYPL	PAYPAL HOLDINGS, INC.	677,073	$35.57M	3.0%	$52.53	$86.46	-39.2%	Common Stocks	70450Y103
GOOG	ALPHABET, INC. CL C (GOOGLE C)	426,124	$145M	12.4%	$340.74	$111.00	+207.0%	Common Stocks	02079K107
BUD	ANHEUSER-BUSCH INBEV SA/NV	480,416	$35.3M	3.0%	$73.47	$53.59	+37.1%	Common Stocks	03524A108
MSFT	MICROSOFT CORPORATION	28,582	$14.66M	1.2%	$512.90	$409.88	+25.1%	Common Stocks	594918104
EVVTY	EVOLUTION AB-ADR	344,930	$26.87M	2.3%	$77.90	$78.15	-0.3%	Common Stocks	30051E104
TGT	TARGET CORP	84,166	$13.19M	1.1%	$156.69	$91.63	+71.0%	Common Stocks	87612E106
XYL	XYLEM, INC.	95,088	$9.63M	0.8%	$101.27	$33.22	+204.9%	Common Stocks	98419M100
EPD	ENTERPRISE PRODUCTS PRTNS	1,168,402	$41.61M	3.5%	$35.61	$45.32	—	Common Stocks	293792107
GOOGL	ALPHABET, INC. CL A (GOOGLE A)	103,003	$35.44M	3.0%	$344.08	$106.39	+223.4%	Common Stocks	02079K305
MTCH	MATCH GROUP INC.	532,813	$21.39M	1.8%	$40.15	$37.38	+7.4%	Common Stocks	57667L107
RTX	RTX CORP.	184,665	$34.28M	2.9%	$185.65	$59.52	+211.9%	Common Stocks	75513E101
AMGN	AMGEN, INC.	18,723	$7.892M	0.7%	$421.51	$298.82	+41.1%	Common Stocks	031162100
KMB	KIMBERLY CLARK, CORP.	84,416	$8.225M	0.7%	$97.43	$112.04	-13.0%	Common Stocks	494368103
WM	WASTE MANGEMENT, INC.	56,320	$11.48M	1.0%	$203.92	$204.28	-0.2%	Common Stocks	94106L109
MCD	MCDONALDS, CORP.	21,014	$4.853M	0.4%	$230.94	$266.70	-13.4%	Common Stocks	580135101
UPS	UNITED PARCEL SERVICE, INC.	56,713	$5.299M	0.5%	$93.44	$106.83	-12.5%	Common Stocks	911312106
TXN	TEXAS INSTRUMENTS, INC.	41,773	$11.7M	1.0%	$280.09	$192.06	+45.8%	Common Stocks	882508104
MTD	METTLER-TOLEDO INTERNATIONAL, INC.	3,218	$4.862M	0.4%	$1510.95	$1403.70	+7.6%	Common Stocks	592688105
PFE	PFIZER, INC.	168,955	$4.819M	0.4%	$28.52	$25.64	+11.2%	Common Stocks	717081103
BSM	BLACK STONE MINERALS LP	1,946,007	$27.87M	2.4%	$14.32	$11.42	—	Common Stocks	09225M101
USPH	U.S. PHYSICAL THERAPY, INC.	29,713	$2.547M	0.2%	$85.73	$88.73	-3.4%	Common Stocks	90337L108
VZ	VERIZON COMMUNICATIONS	131,839	$6.047M	0.5%	$45.87	$39.15	+17.2%	Common Stocks	92343V104
JNJ	JOHNSON & JOHNSON	41,142	$10.89M	0.9%	$264.74	$152.66	+73.4%	Common Stocks	478160104
CHKP	CHECK POINT SOFTWARE TECH	121,785	$15.63M	1.3%	$128.35	$75.35	+70.3%	Common Stocks	M22465104
AXP	AMERICAN EXPRESS, CO.	10,536	$3.204M	0.3%	$304.10	$245.13	+24.1%	Common Stocks	025816109
KO	COCA-COLA COMPANY	82,052	$7.063M	0.6%	$86.08	$65.65	+31.1%	Common Stocks	191216100
CAT	CATERPILLAR, INC.	1,328	$1.077M	0.1%	$810.79	$371.56	+118.2%	Common Stocks	149123101
ABBV	ABBVIE, INC.	30,580	$7.999M	0.7%	$261.59	$178.69	+46.4%	Common Stocks	00287Y109
LMT	LOCKHEED MARTIN CORP	55,084	$28.05M	2.4%	$509.25	$344.08	+48.0%	Common Stocks	539830109
PEP	PEPSICO, INC.	29,058	$3.682M	0.3%	$126.72	$159.65	-20.6%	Common Stocks	713448108
ABT	ABBOTT LABORATORIES	31,214	$3.085M	0.3%	$98.83	$107.07	-7.7%	Common Stocks	002824100
TSLA	TESLA, INC.	1,715	$608K	0.1%	$354.81	$262.68	+35.1%	Common Stocks	88160R101
META	META PLATFORMS, INC.	587	$426K	0.0%	$725.18	$584.74	+24.0%	Common Stocks	30303M102
GLD	SPDR GOLD TRUST	7,283	$2.774M	0.2%	$380.84	$212.83	+78.9%	Common Stocks	78463V107
HON	HONEYWELL INTERNATIONAL, INC.	5,763	$1.216M	0.1%	$210.94	$223.88	—	Common Stocks	438516205
AMZN	AMAZON, INC.	8,430	$2.1M	0.2%	$249.15	$164.44	+51.5%	Common Stocks	023135106
HD	HOME DEPOT, INC.	1,037	$295K	0.0%	$284.49	$352.64	-19.3%	Common Stocks	437076102
DMLP	DORCHESTER MINERALS LP	22,530	$632K	0.1%	$28.04	$22.99	—	Common Stocks	25820R105
MTDR	MATADOR RESOURCES CO.	30,000	$1.547M	0.1%	$51.58	$9.87	+422.4%	Common Stocks	576485205
GEV	GE VERNOVA LLC	240	$228K	0.0%	$950.49	$780.17	+21.8%	Common Stocks	36828A101
DELL	DELL INC	492	$265K	0.0%	$537.95	$289.23	+86.0%	Common Stocks	24703L202
V	VISA, INC.	3,050	$1.096M	0.1%	$359.33	$147.01	+144.4%	Common Stocks	92826C839
PANW	PALO ALTO NETWORKS, INC.	705	$280K	0.0%	$397.31	$228.90	+73.6%	Common Stocks	697435105
FCFS	FIRSTCASH HLDGS, INC.	7,220	$1.525M	0.1%	$211.23	$111.06	+90.2%	Common Stocks	33768G107
WMT	WAL-MART INC.	2,720	$283K	0.0%	$103.92	$85.80	+21.1%	Common Stocks	931142103
AVGO	BROADCOM INC	943	$331K	0.0%	$351.19	$267.53	+31.3%	Common Stocks	11135F101
JPM	JP MORGAN CHASE & CO	7,150	$2.365M	0.2%	$330.83	$259.75	+27.4%	Common Stocks	46625H100
CLNN	CLENE, INC.	11,000	$44,880	0.0%	$4.08	$4.53	-9.9%	Common Stocks	185634201
TECK	TECK RESOURCES LTD. CLASS B	3,600	$237K	0.0%	$65.79	$60.95	+7.9%	Common Stocks	878742204
AMD	ADVANCED MICRO DEVICES INC	527	$322K	0.0%	$611.76	$409.99	+49.2%	Common Stocks	007903107
VUG	VANGUARD GROWTH ETF	2,370	$214K	0.0%	$90.11	$84.14	+7.1%	Common Stocks	922908736
ITOT	ISHARES TOTAL US STOCK MARKET ETF	2,500	$416K	0.0%	$166.28	$121.07	+37.3%	Common Stocks	464287150
ETN	EATON CORPORATION PLC	617	$265K	0.0%	$429.71	$403.27	+6.6%	Common Stocks	G29183103
BRK/B	BERKSHIRE HATHAWAY CLASS B	645	$321K	0.0%	$497.95	$375.99	+32.4%	Common Stocks	084670702
PAYX	PAYCHEX INC.	5,881	$579K	0.0%	$98.50	$53.26	+84.9%	Common Stocks	704326107