Skip to content
Disclosery

PENN DAVIS MCFARLAND INC

Follow

13F filer, CIK 1108893, DALLAS, TX

PENN DAVIS MCFARLAND INC reported $887,850,643 across 76 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-15. Its ten largest share positions make up 54.65% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001108893-25-000005

Period
2025-06-30
Reported value
$888M
Holdings
76
Top 10 weight
54.65%
New
3
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNHadded+63,819$19.9M
PYPLadded+18,101$1.35M
BDXadded+6,620$1.14M
UPSadded+6,242$630K
PFEadded+20,295$492K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NVDAreduced-35,697-$5.64M
DESPEGAR COM CORPexited-198,500-$3.73M
KMIreduced-30,336-$892K
GOOGreduced-4,951-$878K
SFMreduced-3,193-$526K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001108893-25-000005, largest first. % of portfolio is the value over $887,850,643, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 492,415 shares; 2024Q4: 493,252 shares; 2025Q1: 488,945 shares; 2025Q2: 483,994 shares 483,994$85.9M9.67%-4,951Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 598,210 shares; 2024Q4: 597,838 shares; 2025Q1: 578,328 shares; 2025Q2: 542,631 shares 542,631$85.7M9.66%-35,697Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,800,674 shares; 2024Q4: 1,796,336 shares; 2025Q1: 1,775,078 shares; 2025Q2: 1,744,742 shares 1,744,742$51.3M5.78%-30,336Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,015 shares; 2024Q4: 623,383 shares; 2025Q1: 625,615 shares; 2025Q2: 643,716 shares 643,716$47.8M5.39%+18,101Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,462 shares; 2024Q4: 67,547 shares; 2025Q1: 70,685 shares; 2025Q2: 134,504 shares 134,504$42M4.73%+63,819Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,781 shares; 2024Q4: 186,402 shares; 2025Q1: 184,547 shares; 2025Q2: 183,118 shares 183,118$37.6M4.23%-1,429Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,198,634 shares; 2024Q4: 1,191,359 shares; 2025Q1: 1,199,031 shares; 2025Q2: 1,188,091 shares 1,188,091$36.8M4.15%-10,940Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 505,433 shares; 2024Q4: 505,029 shares; 2025Q1: 509,246 shares; 2025Q2: 506,170 shares 506,170$35.6M4.01%-3,076Timeline
BUDANHEUSER BUSCH INBEV SA NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 348,833 shares; 2024Q4: 467,519 shares; 2025Q1: 470,711 shares; 2025Q2: 465,668 shares 465,668$32M3.6%-5,043Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 171,979 shares; 2024Q4: 173,190 shares; 2025Q1: 173,486 shares; 2025Q2: 172,859 shares 172,859$30.5M3.43%-627Timeline
QCOMQUALCOMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,981 shares; 2024Q4: 191,950 shares; 2025Q1: 191,531 shares; 2025Q2: 190,988 shares 190,988$30.4M3.43%-543Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 201,049 shares; 2024Q4: 200,571 shares; 2025Q1: 199,222 shares; 2025Q2: 196,498 shares 196,498$28.7M3.23%-2,724Timeline
SFMSPROUTS FMRS MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 338,214 shares; 2024Q4: 324,845 shares; 2025Q1: 175,325 shares; 2025Q2: 172,132 shares 172,132$28.3M3.19%-3,193Timeline
CHKPCHECK POINT SOFTWARE TECH LTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,543 shares; 2024Q4: 125,504 shares; 2025Q1: 124,880 shares; 2025Q2: 123,671 shares 123,671$27.4M3.08%-1,209Timeline
BSMBLACK STONE MINERALS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,356,173 shares; 2024Q4: 1,601,182 shares; 2025Q1: 1,861,741 shares; 2025Q2: 1,851,892 shares 1,851,892$24.2M2.73%-9,849Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,941 shares; 2024Q4: 47,059 shares; 2025Q1: 48,900 shares; 2025Q2: 48,455 shares 48,455$22.4M2.53%-445Timeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,632,194 shares; 2024Q4: 1,649,026 shares; 2025Q1: 1,707,232 shares; 2025Q2: 1,691,632 shares 1,691,632$19.1M2.15%-15,600Timeline
LVSLAS VEGAS SANDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 404,820 shares; 2024Q4: 403,657 shares; 2025Q1: 413,071 shares; 2025Q2: 408,360 shares 408,360$17.8M2%-4,711Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 357,822 shares; 2024Q4: 357,829 shares; 2025Q1: 357,783 shares; 2025Q2: 356,610 shares 356,610$16.5M1.86%-1,173Timeline
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 680,546 shares; 2024Q4: 664,837 shares; 2025Q1: 659,067 shares; 2025Q2: 651,898 shares 651,898$15M1.69%-7,169Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 470,499 shares; 2024Q4: 478,913 shares; 2025Q1: 489,378 shares; 2025Q2: 483,700 shares 483,700$14.9M1.68%-5,678Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,886 shares; 2024Q4: 28,969 shares; 2025Q1: 28,701 shares; 2025Q2: 28,661 shares 28,661$14.3M1.61%-40Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,030 shares; 2024Q4: 57,480 shares; 2025Q1: 57,050 shares; 2025Q2: 56,890 shares 56,890$13M1.47%-160Timeline
XYLXYLEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,043 shares; 2024Q4: 96,919 shares; 2025Q1: 96,804 shares; 2025Q2: 96,504 shares 96,504$12.5M1.41%-300Timeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,772 shares; 2024Q4: 41,662 shares; 2025Q1: 41,622 shares; 2025Q2: 41,597 shares 41,597$8.64M0.97%-25Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,001 shares; 2024Q4: 25,959 shares; 2025Q1: 25,959 shares; 2025Q2: 25,869 shares 25,869$7.73M0.87%-90Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,006 shares; 2024Q4: 41,456 shares; 2025Q1: 41,336 shares; 2025Q2: 41,540 shares 41,540$6.35M0.71%+204Timeline
MCDMCDONALDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,253 shares; 2024Q4: 21,213 shares; 2025Q1: 21,113 shares; 2025Q2: 21,081 shares 21,081$6.16M0.69%-32Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,713 shares; 2024Q4: 84,488 shares; 2025Q1: 84,108 shares; 2025Q2: 83,773 shares 83,773$5.93M0.67%-335Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,942 shares; 2024Q4: 30,644 shares; 2025Q1: 30,564 shares; 2025Q2: 30,514 shares 30,514$5.66M0.64%-50Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,150 shares; 2024Q4: 19,028 shares; 2025Q1: 18,956 shares; 2025Q2: 18,831 shares 18,831$5.26M0.59%-125Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,022 shares; 2024Q4: 61,852 shares; 2025Q1: 61,752 shares; 2025Q2: 62,066 shares 62,066$4.41M0.5%+314Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,775 shares; 2024Q4: 31,325 shares; 2025Q1: 31,325 shares; 2025Q2: 31,275 shares 31,275$4.25M0.48%-50Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,937 shares; 2024Q4: 26,628 shares; 2025Q1: 26,498 shares; 2025Q2: 26,503 shares 26,503$4.22M0.48%+5Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,032 shares; 2024Q4: 90,517 shares; 2025Q1: 90,087 shares; 2025Q2: 94,522 shares 94,522$4.09M0.46%+4,435Timeline
UPSUNITED PARCEL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,029 shares; 2024Q4: 32,574 shares; 2025Q1: 32,360 shares; 2025Q2: 38,602 shares 38,602$3.9M0.44%+6,242Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,523 shares; 2024Q4: 28,513 shares; 2025Q1: 29,173 shares; 2025Q2: 29,213 shares 29,213$3.86M0.43%+40Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,236 shares; 2024Q4: 3,236 shares; 2025Q1: 3,234 shares; 2025Q2: 3,228 shares 3,228$3.79M0.43%-6Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,852 shares; 2024Q4: 10,602 shares; 2025Q1: 10,580 shares; 2025Q2: 10,580 shares 10,580$3.37M0.38%0Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,830 shares; 2024Q4: 100,460 shares; 2025Q1: 100,070 shares; 2025Q2: 120,365 shares 120,365$2.92M0.33%+20,295Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,630 shares; 2024Q4: 30,280 shares; 2025Q1: 30,280 shares; 2025Q2: 30,280 shares 30,280$2.75M0.31%0Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,412 shares; 2024Q4: 11,636 shares; 2025Q1: 11,636 shares; 2025Q2: 11,636 shares 11,636$2.71M0.31%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,510 shares; 2024Q4: 12,245 shares; 2025Q1: 12,245 shares; 2025Q2: 12,245 shares 12,245$2.69M0.3%0Timeline
SBUXSTARBUCKS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,579 shares; 2024Q4: 28,444 shares; 2025Q1: 28,359 shares; 2025Q2: 29,199 shares 29,199$2.68M0.3%+840Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,462 shares; 2024Q4: 8,194 shares; 2025Q1: 8,138 shares; 2025Q2: 14,758 shares 14,758$2.54M0.29%+6,620Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,243 shares; 2024Q4: 8,243 shares; 2025Q1: 8,242 shares; 2025Q2: 8,242 shares 8,242$2.51M0.28%0Timeline
USPHU S PHYSICAL THERAPYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,149 shares; 2024Q4: 30,089 shares; 2025Q1: 30,089 shares; 2025Q2: 30,089 shares 30,089$2.35M0.27%0Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,265 shares; 2024Q4: 2,750 shares; 2025Q1: 2,750 shares; 2025Q2: 2,750 shares 2,750$2.14M0.24%0Timeline
KMBKIMBERLY-CLARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,817 shares; 2024Q4: 13,767 shares; 2025Q1: 13,752 shares; 2025Q2: 13,760 shares 13,760$1.77M0.2%+8Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,994 shares; 2024Q4: 20,794 shares; 2025Q1: 20,744 shares; 2025Q2: 20,744 shares 20,744$1.44M0.16%0Timeline
MTDRMATADOR RES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 30,000 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares 30,000$1.43M0.16%0Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,476 shares; 2024Q4: 3,410 shares; 2025Q1: 3,410 shares; 2025Q2: 3,368 shares 3,368$1.2M0.13%-42Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,859 shares; 2024Q4: 11,278 shares; 2025Q1: 9,547 shares; 2025Q2: 9,547 shares 9,547$1.03M0.12%0Timeline
FCFSFIRSTCASH HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,420 shares; 2024Q4: 7,420 shares; 2025Q1: 7,420 shares; 2025Q2: 7,420 shares 7,420$1M0.11%0Timeline
PAYXPAYCHEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,881 shares; 2024Q4: 5,881 shares; 2025Q1: 5,881 shares; 2025Q2: 5,881 shares 5,881$855K0.1%0Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,560 shares; 2024Q4: 1,560 shares; 2025Q1: 1,410 shares; 2025Q2: 1,410 shares 1,410$801K0.09%0Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,600 shares; 2025Q1: 1,600 shares; 2025Q2: 2,000 shares 2,000$776K0.09%+400Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,373 shares; 2024Q4: 2,580 shares; 2025Q1: 2,580 shares; 2025Q2: 2,580 shares 2,580$748K0.08%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,012 shares; 2024Q4: 1,013 shares; 2025Q1: 1,101 shares; 2025Q2: 1,101 shares 1,101$680K0.08%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 955 shares; 2025Q1: 785 shares; 2025Q2: 785 shares 785$579K0.07%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 991 shares; 2024Q4: 972 shares; 2025Q1: 972 shares; 2025Q2: 947 shares 947$532K0.06%-25Timeline
IDXXIDEXX LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800 shares; 2024Q4: 800 shares; 2025Q1: 800 shares; 2025Q2: 761 shares 761$408K0.05%-39Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,590 shares; 2024Q4: 1,590 shares; 2025Q1: 1,215 shares; 2025Q2: 1,215 shares 1,215$386K0.04%0Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,048 shares; 2024Q4: 1,048 shares; 2025Q1: 1,048 shares; 2025Q2: 1,048 shares 1,048$384K0.04%0Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 265 shares; 2025Q1: 265 shares; 2025Q2: 265 shares 265$355K0.04%0Timeline
ITOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 2,500 shares; 2025Q1: 2,500 shares; 2025Q2: 2,500 shares 2,500$338K0.04%0Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,500 shares; 2024Q4: 7,500 shares; 2025Q1: 7,500 shares; 2025Q2: 7,500 shares 7,500$332K0.04%0Timeline
DMLPDORCHESTER MINERALS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,945 shares; 2024Q4: 11,665 shares; 2025Q1: 11,665 shares; 2025Q2: 11,665 shares 11,665$325K0.04%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,001 shares; 2024Q4: 997 shares; 2025Q1: 645 shares; 2025Q2: 645 shares 645$313K0.04%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,290 shares; 2024Q4: 1,290 shares; 2025Q1: not reported; 2025Q2: 1,290 shares 1,290$282K0.03%newTimeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,720 shares; 2025Q1: 2,720 shares; 2025Q2: 2,720 shares 2,720$266K0.03%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 955 shares; 2025Q1: not reported; 2025Q2: 955 shares 955$263K0.03%newTimeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 933 shares; 2024Q4: 933 shares; 2025Q1: 933 shares; 2025Q2: 933 shares 933$250K0.03%0Timeline
GSLCGOLDMAN SACHS ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000 shares; 2024Q4: 2,000 shares; 2025Q1: 2,000 shares; 2025Q2: 2,000 shares 2,000$243K0.03%0Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,921 shares; 2025Q1: not reported; 2025Q2: 1,766 shares 1,766$219K0.02%newTimeline
CLNNCLENE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,000 shares; 2025Q2: 11,000 shares 11,000$43K<0.01%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
DESPEGAR COM CORPDESPEGAR COM CORP198,500$3.73Mshares
SABRE GLBL INCSABRE GLBL INC1,150,000$1.13Mprincipal

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001108893-25-000005 base2025-07-15acceptance time not in the bulk data set