# Penn Davis McFarland

Penn Davis McFarland is a Bank / Wealth / Trust based in Dallas, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** 2626 Cole Ave., Suite 504, Dallas, TX 75204, United States
- **Founded:** 1977
- **Assets under management:** Undisclosed
- **Website:** pdavis.org
- **LinkedIn:** https://www.linkedin.com/company/penn-davis-mcfarland-inc-

## Regulatory record

- **Reports private funds:** No

## About

For over forty years Penn Davis McFarland has taken a disciplined, consistent investment process to help individuals, families, and institutions protect and grow their financial assets.

## People

- Kenni H. — Contact

## Questions

### How does Penn Davis McFarland structure its investment strategy?

The firm runs a research-driven, long-only fundamental equity strategy via US-listed securities, supplemented by fixed-income allocations. It is not constrained by style-box mandates or asset-allocation pie charts, and it explicitly retains the flexibility to hold cash when no attractive opportunities exist, prioritizing absolute returns over relative benchmark performance.

### What does PDM look for when selecting individual securities?

The firm screens for market leadership in industries protected by high barriers to entry, robust free cash flow generation, strong balance sheets, and shareholder-friendly management teams with meaningful ownership. It also favors businesses demonstrating consistently high returns on invested capital and opportunities for margin expansion.

### What range of client services does the firm provide?

PDM offers discretionary asset management spanning equities and fixed income, alongside family office services. Details on the scope of its family office work — such as estate planning, tax coordination, or philanthropic advisory — are not publicly elaborated.

### What is PDM's relationship to benchmarks or peer indices?

The firm explicitly states its portfolio is not sized or positioned relative to a benchmark, nor does it adhere to style-box classifications like value or growth. Performance is evaluated against absolute return targets over long time horizons, and the strategy will hold elevated cash levels if the investment team finds insufficient qualifying ideas.

## Related profiles

- [PENN Capital](https://altss.com/profile/penn-capital)
- [Pennell Venture Partners](https://altss.com/profile/pennell-venture-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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