Penn Davis McFarland’s Q1 2025 Investor Letter

Penn Davis McFarland, an investment management company, released its first quarter 2025 investor letter. Decades of unchecked government spending have strained the U.S. balance sheet, limiting economic growth and security, prompting President Trump to prioritize deficit reduction. The government’s noble commitment to cut spending faces challenges as it must abruptly detox a market reliant on federal support, with initiatives like DOGE and tariffs forming a two-part strategy against the deficit. The firm believes that the portfolio is well-positioned for a higher-volatility environment. The high-quality companies in the portfolio, with fortress balance sheets, are well-positioned to weather economic challenges. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

A copy of Penn Davis McFarland’s Q1 2025 investor letter can be downloaded here.