Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| J P MORGAN EXCHANGE TRADED F | 0 | 1,087,055 | +1,087,055 | 0 | 60,353 | 6.77% | +60,353 |
| CALUMET INC(CLMT) | 5,156,271 | 3,202,232 | -1,954,039 | 102,455 | 114,960 | 12.90% | +12,505 |
| BERKSHIRE HATHAWAY INC | 6,837 | 32,945 | +26,108 | 3,437 | 15,787 | 1.77% | +12,351 |
| OCCIDENTAL PETE CORP WTS EXP 08/03/2027(OXY) | 468,312 | 468,312 | 0 | 9,023 | 20,091 | 2.25% | +11,068 |
| SUNOCO LP(SUN) | 571,547 | 565,822 | -5,725 | 29,955 | 36,761 | 4.12% | +6,807 |
| DORCHESTER MINERALS LP(DMLP) | 814,852 | 888,264 | +73,412 | 18,220 | 24,072 | 2.70% | +5,852 |
| VALERO ENERGY CORP NEW(VLO) | 65,621 | 64,384 | -1,237 | 10,682 | 15,908 | 1.78% | +5,226 |
| ENERGY TRANSFER LP(ET) | 1,422,619 | 1,441,757 | +19,138 | 23,459 | 27,826 | 3.12% | +4,367 |
| HF SINCLAIR CORP(DINO) | 243,842 | 243,842 | 0 | 11,236 | 15,213 | 1.71% | +3,977 |
| CHEVRON CORP(CVX) | 68,542 | 68,462 | -80 | 10,446 | 14,165 | 1.59% | +3,718 |
| PLAINS ALL AMERICAN PIPELINE LP(PAA) | 827,791 | 823,061 | -4,730 | 14,867 | 18,379 | 2.06% | +3,512 |
| ENTERPRISE PRODUCTS PPTNSLP(EPD) | 364,668 | 398,768 | +34,100 | 11,691 | 15,089 | 1.69% | +3,398 |
| VERIZON COMMUNICATIONS(VZ) | 289,825 | 293,729 | +3,904 | 11,805 | 14,745 | 1.65% | +2,941 |
| PROCTER AND GAMBLE CO(PG) | 5,483 | 21,044 | +15,561 | 786 | 3,040 | 0.34% | +2,254 |
| MARKEL GROUP INC(MKL) | 0 | 1,050 | +1,050 | 0 | 2,010 | 0.23% | +2,010 |
| ALTRIA GROUP INC(MO) | 235,728 | 235,728 | 0 | 13,592 | 15,556 | 1.74% | +1,964 |
| SELECT WATER SOLUTIONSINC CL A COM(WTTR) | 409,161 | 409,161 | 0 | 4,304 | 6,260 | 0.70% | +1,956 |
| AT&T(T) | 433,735 | 431,239 | -2,496 | 10,774 | 12,502 | 1.40% | +1,728 |
| NEWMONT CORP(NEM) | 202,569 | 198,962 | -3,607 | 20,227 | 21,538 | 2.42% | +1,311 |
| MPLX LP(MPLX) | 209,589 | 216,096 | +6,507 | 11,186 | 12,333 | 1.38% | +1,147 |
| ALLIANCE RESOURCE PAR LP(ARLP) | 255,397 | 255,397 | 0 | 5,933 | 7,062 | 0.79% | +1,129 |
| META PLATFORMS INC CLASS A(META) | 0 | 1,938 | +1,938 | 0 | 1,109 | 0.12% | +1,109 |
| PFIZER INC(PFE) | 341,161 | 341,545 | +384 | 8,495 | 9,591 | 1.08% | +1,096 |
| GLOBAL X FDS GLBL X MLP ETF GLBL X MLP ETF | 48,888 | 62,536 | +13,648 | 2,367 | 3,369 | 0.38% | +1,002 |
| AMGEN INC(AMGN) | 35,899 | 35,899 | 0 | 11,750 | 12,631 | 1.42% | +881 |
| W P CAREY INC COM(WPC) | 73,318 | 82,388 | +9,070 | 4,719 | 5,599 | 0.63% | +880 |
| BRISTOL-MYERS SQUIBB COCOM(BMY) | 123,294 | 123,294 | 0 | 6,650 | 7,478 | 0.84% | +827 |
| KINDER MORGAN INC(KMI) | 136,684 | 136,684 | 0 | 3,757 | 4,583 | 0.51% | +826 |
| PEPSICO INC(PEP) | 39,411 | 41,647 | +2,236 | 5,656 | 6,467 | 0.73% | +811 |
| KIMBELL RTY PARTNERS LP(KRP) | 0 | 55,780 | +55,780 | 0 | 807 | 0.09% | +807 |
| NNN REIT INC COM(NNN) | 47,524 | 62,214 | +14,690 | 1,883 | 2,615 | 0.29% | +731 |
| REALTY INCOME COPR REIT(O) | 44,286 | 52,465 | +8,179 | 2,496 | 3,210 | 0.36% | +713 |
| BLUE OWL CAPITAL INC COM CL A(OBDC) | 29,233 | 119,496 | +90,263 | 437 | 1,091 | 0.12% | +654 |
| BRITISH AMER TOBACCO F SPONSORED ADR(BTI) | 343,016 | 343,016 | 0 | 19,422 | 20,056 | 2.25% | +635 |
| WESTERN MIDSTREAM PARTNERS LP(WES) | 342,105 | 342,105 | 0 | 13,513 | 14,084 | 1.58% | +571 |
| SCHWAB US DIVIDEND EQUITY ETF | 227,090 | 220,019 | -7,071 | 6,229 | 6,750 | 0.76% | +521 |
| EXXON MOBIL CORP | 10,040 | 10,040 | 0 | 1,208 | 1,703 | 0.19% | +495 |
| STARWOOD PROPERTY TRUST INC(STWD) | 64,530 | 95,177 | +30,647 | 1,162 | 1,639 | 0.18% | +477 |
| RLJ LODGING TRUST(RLJ) | 112,432 | 134,902 | +22,470 | 2,800 | 3,251 | 0.36% | +452 |
| WILLIAMS COS INC(WMB) | 34,884 | 34,884 | 0 | 2,097 | 2,539 | 0.28% | +442 |
| GOLDMAN SACHS GROUP(GS) | 13,142 | 14,142 | +1,000 | 11,552 | 11,964 | 1.34% | +412 |
| HESS MIDSTREAM LP CL A(HESM) | 11,872 | 20,550 | +8,678 | 410 | 799 | 0.09% | +389 |
| DELEK LOGISTICS PARTNERS LP(DKL) | 70,288 | 70,288 | 0 | 3,136 | 3,498 | 0.39% | +361 |
| UNITED PARCEL SERVICE(UPS) | 36,047 | 39,924 | +3,877 | 3,576 | 3,928 | 0.44% | +352 |
| HORMEL FOODS COPR(HRL) | 255,275 | 281,883 | +26,608 | 6,050 | 6,385 | 0.72% | +335 |
| CUMMINS INC(CMI) | 29,259 | 28,377 | -882 | 14,935 | 15,267 | 1.71% | +332 |
| PEABODY ENERGY CORP(BTU) | 100,000 | 100,000 | 0 | 2,970 | 3,295 | 0.37% | +325 |
| ONEOK INC(OKE) | 18,941 | 18,941 | 0 | 1,392 | 1,712 | 0.19% | +320 |
| PLAINS GP HOLDINGS LP(PAGP) | 57,753 | 57,753 | 0 | 1,105 | 1,402 | 0.16% | +297 |
| ENBRIDGE INC COM(ENB) | 46,445 | 46,445 | 0 | 2,221 | 2,515 | 0.28% | +293 |
| ISHARES SELECT DIVIDEND ETF | 0 | 1,331 | +1,331 | 0 | 201 | 0.02% | +201 |
| GOLDMAN SACHS BDC INC(GSBD) | 340,245 | 374,609 | +34,364 | 3,157 | 3,327 | 0.37% | +169 |
| CISCO SYSTEMS INC(CSCO) | 157,148 | 157,148 | 0 | 12,105 | 12,193 | 1.37% | +88 |
| JOHNSON & JOHNSON(JNJ) | 2,347 | 2,347 | 0 | 486 | 574 | 0.06% | +88 |
| SUN COMMUNITIES REIT(SUI) | 22,270 | 22,270 | 0 | 2,759 | 2,805 | 0.31% | +46 |
| WEYERHAEUSER CO COM(WY) | 54,313 | 54,313 | 0 | 1,287 | 1,327 | 0.15% | +40 |
| ISHARES SILVER TRUST ETF IV(SLV) | 7,000 | 7,000 | 0 | 451 | 477 | 0.05% | +26 |
| SIMON PROPERTY GROUP INC(SPG) | 5,789 | 5,789 | 0 | 1,072 | 1,080 | 0.12% | +8 |
| TRINITY PETROLEUM TR | 10,020 | 10,020 | 0 | 525 | 531 | 0.06% | +6 |
| GLOBAL PARTNERS LP COMUNITS(GLP) | 9,860 | 9,860 | 0 | 413 | 415 | 0.05% | +2 |
| FIRST FINANCIAL BANKSHARES INC(FFIN) | 8,760 | 8,760 | 0 | 262 | 258 | 0.03% | -4 |
| UNIVERSAL CORP(UVV) | 142,083 | 142,083 | 0 | 7,495 | 7,488 | 0.84% | -7 |
| NUVEEN CHURCHILL DIRECT LEND(NCDL) | 87,695 | 91,021 | +3,326 | 1,170 | 1,158 | 0.13% | -12 |
| KAYNE ANDERSON BDC INC(KBDC) | 20,341 | 20,341 | 0 | 291 | 279 | 0.03% | -12 |
| KIMBERLY-CLARK CORP(KMB) | 79,671 | 83,167 | +3,496 | 8,038 | 8,023 | 0.90% | -15 |
| CONAGRA BRANDS INC(CAG) | 145,379 | 155,397 | +10,018 | 2,517 | 2,443 | 0.27% | -74 |
| GOLUB CAPITAL BDC INC(GBDC) | 146,834 | 150,523 | +3,689 | 1,993 | 1,906 | 0.21% | -87 |
| BLUE OWL CAPITAL CORP(OBDC) | 158,084 | 169,701 | +11,617 | 1,965 | 1,877 | 0.21% | -88 |
| MEDICAL PROPERTIES TRUST INC(MPT) | 271,226 | 271,226 | 0 | 1,356 | 1,256 | 0.14% | -100 |
| BLACKSTONE SECURED LENDING F(BXSL) | 49,337 | 50,169 | +832 | 1,299 | 1,189 | 0.13% | -111 |
| VANECK ETF TR VANECK BDC INCOME ETF BDC INCOME ETF | 76,171 | 74,079 | -2,092 | 1,080 | 948 | 0.11% | -132 |
| CRESCENT CAP BDC INC COM(CCAP) | 79,828 | 79,828 | 0 | 1,122 | 970 | 0.11% | -152 |
| ALPHABET INC CAPT STK CLA(GOOG) | 6,261 | 6,261 | 0 | 1,960 | 1,800 | 0.20% | -159 |
| GLOBAL X FDS US PREFERRED ETF US PFD ETF | 49,452 | 39,294 | -10,158 | 935 | 723 | 0.08% | -212 |
| MORGAN STANLEY DIRECT LENDIN(MSDL) | 111,397 | 114,432 | +3,035 | 1,836 | 1,597 | 0.18% | -238 |
| BROADCOM INC COM(AVGO) | 6,703 | 6,703 | 0 | 2,320 | 2,075 | 0.23% | -245 |
| ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 10,662 | 8,484 | -2,178 | 1,175 | 925 | 0.10% | -250 |
| AH REALTY TRUST INC(AHRT) | 409,923 | 439,923 | +30,000 | 2,714 | 2,420 | 0.27% | -294 |
| MICROSOFT CORP(MSFT) | 13,924 | 17,324 | +3,400 | 6,734 | 6,413 | 0.72% | -321 |
| SCHWAB US LARGE-CAP GROWTH ETF | 48,782 | 41,598 | -7,184 | 1,591 | 1,212 | 0.14% | -380 |
| HP INC(HPQ) | 236,002 | 251,744 | +15,742 | 5,258 | 4,836 | 0.54% | -422 |
| FS KKR CAPITAL CORP(FSK) | 132,384 | 132,384 | 0 | 1,961 | 1,348 | 0.15% | -613 |
| CITIGROUP INC(C) | 150,376 | 149,307 | -1,069 | 17,547 | 16,933 | 1.90% | -614 |
| ABBVIE(ABBV) | 62,912 | 62,912 | 0 | 14,375 | 13,683 | 1.53% | -692 |
| APPLE INC(AAPL) | 78,074 | 78,074 | 0 | 21,225 | 19,814 | 2.22% | -1,411 |
| BANK OF AMERICA | 248,042 | 243,543 | -4,499 | 13,642 | 11,873 | 1.33% | -1,770 |
| WELLS FARGO & CO(WFC) | 159,768 | 159,768 | 0 | 14,890 | 12,719 | 1.43% | -2,171 |
| OCCIDENTAL PETROL CORP(OXY) | 3,282,753 | 1,682,753 | -1,600,000 | 134,987 | 109,379 | 12.27% | -25,608 |