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Livermore
Livermore
ZHEN

Penn Davis McFarland Inc

SEC CIK
0001108893
Latest filing
Jul 15, 2026

The latest 13F from Penn Davis McFarland Inc covers Q2 2026 (filed Jul 15, 2026): 79 long positions worth $1.12B. The top 10 holdings make up 55.4% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 13.5%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$4.42M
Added
14
Est. +$40.0M
Reduced
37
Est. −$21.2M
Sold out
6
Est. −$8.47M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    13.5%$151.4MHistory
  2. NVDANVIDIA Corp
    8.3%$93.2MHistory
  3. UNHUnitedHealth Group Inc
    5.0%$56.6MHistory
  4. ROIVRoivant Sciences Ltd.
    5.0%$55.9MHistory
  5. KMIKinder Morgan, Inc.
    4.8%$53.5MHistory

Share of portfolio

Top 5 holdings and the other 74 positions, by share of portfolio value

  1. GOOG13.5%
  2. NVDA8.3%
  3. UNH5.0%
  4. ROIV5.0%
  5. KMI4.8%
  6. Other 74 positions63.4%

Biggest buys

New and added positions, by estimated amount bought

  1. ACNAccenture plc
    +$36.7MAddedHistory
  2. JPMJPMorgan Chase & Co
    +$1.64MAddedHistory
  3. HONHoneywell International Inc
    +$1.29MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$1.27MNewHistory
  5. Vanguard S&P 500 ETF922908363
    +$368.1KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ACNAccenture plc
    +3.06 pp0.5% → 3.6%History
  2. TXNTexas Instruments Inc
    +0.32 pp0.8% → 1.1%History
  3. MTCHMatch Group, Inc.
    +0.22 pp1.6% → 1.8%History
  4. JPMJPMorgan Chase & Co
    +0.15 pp0.1% → 0.2%History
  5. HONHoneywell International Inc
    +0.11 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$6.47MReducedHistory
  2. BMYBristol Myers Squibb Co
    −$5.51MReducedHistory
  3. SBUXStarbucks Corp
    −$2.62MSold outHistory
  4. HONHoneywell International Inc
    −$2.61MSold outHistory
  5. SIRISirius XM Holdings Inc.
    −$2.52MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. SHELShell plc
    −1.14 pp4.5% → 3.4%History
  2. KMIKinder Morgan, Inc.
    −0.84 pp5.6% → 4.8%History
  3. BMYBristol Myers Squibb Co
    −0.76 pp2.0% → 1.2%History
  4. LVSLas Vegas Sands Corp
    −0.51 pp2.1% → 1.6%History
  5. EPDEnterprise Products Partners L.P.
    −0.50 pp4.4% → 3.9%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.12B
+$100.3M (+9.8%) vs. prior quarter
Positions
79
+4 vs. prior quarter
Top 10 concentration
55.4%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
18.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.12B (Q2 2026)

Q1 2021: $522.4MQ2 2021: $571.7MQ3 2021: $547.4MQ4 2021: $589.4MQ1 2022: $622.7MQ2 2022: $531.8MQ3 2022: $498.6MQ4 2022: $510.2MQ1 2023: $545.0MQ2 2023: $561.5MQ3 2023: $570.8MQ4 2023: $587.8MQ1 2024: $644.7MQ2 2024: $647.2MQ3 2024: $889.1MQ4 2024: $918.8MQ1 2025: $845.4MQ2 2025: $887.9MQ3 2025: $967.6MQ4 2025: $1.04BQ1 2026: $1.02BQ2 2026: $1.12B
Q1 2021Q2 2026
13F filings of Penn Davis McFarland Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 202679$1.12BGOOGNVDAUNHvs. Q1 2026SEC
Q1 2026Apr 21, 202675$1.02BGOOGNVDAKMIvs. Q4 2025SEC
Q4 2025Jan 16, 202675$1.04BGOOGNVDAGOOGLvs. Q3 2025SEC
Q3 2025Oct 21, 202576$967.6MGOOGNVDAKMIvs. Q2 2025SEC
Q2 2025Jul 15, 202576$887.9MGOOGNVDAKMIvs. Q1 2025SEC
Q1 2025Apr 23, 202575$845.4MGOOGNVDAKMIvs. Q4 2024SEC
Q4 2024Jan 16, 202581$918.8MGOOGNVDAPYPLvs. Q3 2024SEC
Q3 2024Oct 18, 202477$889.1MGOOGNVDAPYPLvs. Q2 2024SEC
Q2 2024Jul 19, 202445$647.2MGOOGQCOMSHELvs. Q1 2024SEC
Q1 2024Apr 25, 202447$644.7MGOOGPYPLEPDvs. Q4 2023SEC
Q4 2023Jan 19, 202446$587.8MGOOGAAPLSHELvs. Q3 2023SEC
Q3 2023Oct 19, 202346$570.8MGOOGSHELAAPLvs. Q2 2023SEC
Q2 2023Jul 18, 202344$561.5MGOOGAAPLSHELvs. Q1 2023SEC
Q1 2023Apr 21, 202343$545.0MGOOGAAPLSHELvs. Q4 2022SEC
Q4 2022Jan 24, 2023Amended43$510.2MGOOGSHELEPDvs. Q3 2022SEC
Q3 2022Oct 21, 202243$498.6MGOOGAAPLEPDvs. Q2 2022SEC
Q2 2022Jul 15, 202245$531.8MGOOGBMYAAPLvs. Q1 2022SEC
Q1 2022Apr 27, 202245$622.7MGOOGAAPLQCOMvs. Q4 2021SEC
Q4 2021Jan 20, 202245$589.4MGOOGQCOMAAPLvs. Q3 2021SEC
Q3 2021Oct 21, 202145$547.4MGOOGGOOGLAAPLvs. Q2 2021SEC
Q2 2021Jul 19, 202148$571.7MGOOGQCOMGOOGLvs. Q1 2021SEC
Q1 2021Apr 21, 202149$522.4MGOOGQCOMAAPL–SEC