Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| HORMEL FOODS COPR(HRL) | 0 | 255,275 | +255,275 | 0 | 6,050 | 0.80% | +6,050 |
| CALUMET INC(CLMT) | 5,406,271 | 5,156,271 | -250,000 | 98,664 | 102,455 | 13.48% | +3,791 |
| CUMMINS INC(CMI) | 29,551 | 29,259 | -292 | 12,481 | 14,935 | 1.97% | +2,454 |
| ENTERPRISE PRODUCTS PPTNSLP(EPD) | 296,668 | 364,668 | +68,000 | 9,277 | 11,691 | 1.54% | +2,414 |
| BROADCOM INC COM(AVGO) | 0 | 6,703 | +6,703 | 0 | 2,320 | 0.31% | +2,320 |
| NEWMONT CORP(NEM) | 212,522 | 202,569 | -9,953 | 17,918 | 20,227 | 2.66% | +2,309 |
| CITIGROUP INC(C) | 151,341 | 150,376 | -965 | 15,361 | 17,547 | 2.31% | +2,186 |
| AMGEN INC(AMGN) | 36,182 | 35,899 | -283 | 10,211 | 11,750 | 1.55% | +1,540 |
| PLAINS ALL AMERICAN PIPELINE LP(PAA) | 784,791 | 827,791 | +43,000 | 13,389 | 14,867 | 1.96% | +1,479 |
| VERIZON COMMUNICATIONS(VZ) | 235,178 | 289,825 | +54,647 | 10,336 | 11,805 | 1.55% | +1,468 |
| WELLS FARGO & CO(WFC) | 160,888 | 159,768 | -1,120 | 13,486 | 14,890 | 1.96% | +1,405 |
| SUNOCO LP(SUN) | 571,547 | 571,547 | 0 | 28,583 | 29,955 | 3.94% | +1,372 |
| CISCO SYSTEMS INC(CSCO) | 157,148 | 157,148 | 0 | 10,752 | 12,105 | 1.59% | +1,353 |
| BRISTOL-MYERS SQUIBB COCOM(BMY) | 121,058 | 123,294 | +2,236 | 5,460 | 6,650 | 0.87% | +1,191 |
| PEPSICO INC(PEP) | 32,238 | 39,411 | +7,173 | 4,528 | 5,656 | 0.74% | +1,129 |
| GOLDMAN SACHS GROUP(GS) | 13,142 | 13,142 | 0 | 10,466 | 11,552 | 1.52% | +1,086 |
| BRITISH AMER TOBACCO F SPONSORED ADR(BTI) | 346,549 | 343,016 | -3,533 | 18,395 | 19,422 | 2.56% | +1,027 |
| CRESCENT CAP BDC INC COM | 17,639 | 79,828 | +62,189 | 252 | 1,122 | 0.15% | +870 |
| BANK OF AMERICA | 249,384 | 248,042 | -1,342 | 12,866 | 13,642 | 1.79% | +777 |
| MPLX LP(MPLX) | 209,589 | 209,589 | 0 | 10,469 | 11,186 | 1.47% | +717 |
| WESTERN MIDSTREAM PARTNERS LP(WES) | 327,105 | 342,105 | +15,000 | 12,852 | 13,513 | 1.78% | +661 |
| ARMADA HOFFLER PROPERTIES | 299,923 | 409,923 | +110,000 | 2,102 | 2,714 | 0.36% | +611 |
| GLOBAL X FDS GLBL X MLP ETF GLBL X MLP ETF | 36,487 | 48,888 | +12,401 | 1,767 | 2,367 | 0.31% | +600 |
| STARWOOD PROPERTY TRUST INC(STWD) | 32,709 | 64,530 | +31,821 | 634 | 1,162 | 0.15% | +529 |
| ALPHABET INC CAPT STK CLA(GOOG) | 6,261 | 6,261 | 0 | 1,522 | 1,960 | 0.26% | +438 |
| BLUE OWL CAPITAL INC COM CL A(OBDC) | 0 | 29,233 | +29,233 | 0 | 437 | 0.06% | +437 |
| HESS MIDSTREAM LP CL A(HESM) | 0 | 11,872 | +11,872 | 0 | 410 | 0.05% | +410 |
| BLUE OWL CAPITAL CORP(OBDC) | 125,369 | 158,084 | +32,715 | 1,601 | 1,965 | 0.26% | +364 |
| RLJ LODGING TRUST(RLJ) | 97,958 | 112,432 | +14,474 | 2,471 | 2,800 | 0.37% | +328 |
| PEABODY ENERGY CORP(BTU) | 100,000 | 100,000 | 0 | 2,652 | 2,970 | 0.39% | +318 |
| KAYNE ANDERSON BDC INC(KBDC) | 0 | 20,341 | +20,341 | 0 | 291 | 0.04% | +291 |
| UNITED PARCEL SERVICE(UPS) | 39,333 | 36,047 | -3,286 | 3,285 | 3,576 | 0.47% | +290 |
| PROCTER AND GAMBLE CO(PG) | 3,641 | 5,483 | +1,842 | 559 | 786 | 0.10% | +226 |
| PLAINS GP HOLDINGS LP(PAGP) | 48,311 | 57,753 | +9,442 | 881 | 1,105 | 0.15% | +224 |
| ISHARES SILVER TRUST ETF IV(SLV) | 7,000 | 7,000 | 0 | 297 | 451 | 0.06% | +154 |
| SCHWAB US LARGE-CAP GROWTH ETF | 46,858 | 48,782 | +1,924 | 1,495 | 1,591 | 0.21% | +96 |
| EXXON MOBIL CORP | 10,040 | 10,040 | 0 | 1,132 | 1,208 | 0.16% | +76 |
| MORGAN STANLEY DIRECT LENDIN(MSDL) | 109,633 | 111,397 | +1,764 | 1,763 | 1,836 | 0.24% | +73 |
| JOHNSON & JOHNSON(JNJ) | 2,347 | 2,347 | 0 | 435 | 486 | 0.06% | +51 |
| NNN REIT INC COM(NNN) | 43,112 | 47,524 | +4,412 | 1,835 | 1,883 | 0.25% | +48 |
| BLACKSTONE SECURED LENDING F(BXSL) | 49,337 | 49,337 | 0 | 1,286 | 1,299 | 0.17% | +13 |
| ONEOK INC(OKE) | 18,941 | 18,941 | 0 | 1,382 | 1,392 | 0.18% | +10 |
| BERKSHIRE HATHAWAY INC | 6,837 | 6,837 | 0 | 3,437 | 3,437 | 0.45% | -1 |
| SIMON PROPERTY GROUP INC(SPG) | 5,789 | 5,789 | 0 | 1,086 | 1,072 | 0.14% | -15 |
| MEDICAL PROPERTIES TRUST INC(MPT) | 271,226 | 271,226 | 0 | 1,375 | 1,356 | 0.18% | -19 |
| FIRST FINANCIAL BANKSHARES INC(FFIN) | 8,760 | 8,760 | 0 | 295 | 262 | 0.03% | -33 |
| GLOBAL X FDS US PREFERRED ETF US PFD ETF | 50,146 | 49,452 | -694 | 974 | 935 | 0.12% | -39 |
| NUVEEN CHURCHILL DIRECT LEND | 87,695 | 87,695 | 0 | 1,210 | 1,170 | 0.15% | -40 |
| TRINITY PETROLEUM TR | 10,020 | 10,020 | 0 | 568 | 525 | 0.07% | -43 |
| WEYERHAEUSER CO COM(WY) | 54,313 | 54,313 | 0 | 1,346 | 1,287 | 0.17% | -60 |
| GLOBAL PARTNERS LP COMUNITS(GLP) | 9,860 | 9,860 | 0 | 473 | 413 | 0.05% | -61 |
| VANECK ETF TR VANECK BDC INCOME ETF BDC INCOME ETF | 76,465 | 76,171 | -294 | 1,142 | 1,080 | 0.14% | -62 |
| DELEK LOGISTICS PARTNERS LP(DKL) | 70,288 | 70,288 | 0 | 3,201 | 3,136 | 0.41% | -65 |
| SELECT WATER SOLUTIONSINC CL A COM(WTTR) | 409,161 | 409,161 | 0 | 4,374 | 4,304 | 0.57% | -70 |
| ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 11,258 | 10,662 | -596 | 1,255 | 1,175 | 0.15% | -80 |
| SCHWAB US DIVIDEND EQUITY ETF | 231,589 | 227,090 | -4,499 | 6,322 | 6,229 | 0.82% | -93 |
| W P CAREY INC COM(WPC) | 71,438 | 73,318 | +1,880 | 4,827 | 4,719 | 0.62% | -108 |
| KINDER MORGAN INC(KMI) | 136,684 | 136,684 | 0 | 3,870 | 3,757 | 0.49% | -112 |
| WILLIAMS COS INC(WMB) | 34,884 | 34,884 | 0 | 2,210 | 2,097 | 0.28% | -113 |
| SUN COMMUNITIES REIT(SUI) | 22,270 | 22,270 | 0 | 2,873 | 2,759 | 0.36% | -113 |
| GOLUB CAPITAL BDC INC(GBDC) | 153,977 | 146,834 | -7,143 | 2,108 | 1,993 | 0.26% | -115 |
| ENBRIDGE INC COM(ENB) | 46,445 | 46,445 | 0 | 2,344 | 2,221 | 0.29% | -122 |
| GOLDMAN SACHS BDC INC(GSBD) | 323,380 | 340,245 | +16,865 | 3,289 | 3,157 | 0.42% | -131 |
| FS KKR CAPITAL CORP(FSK) | 141,307 | 132,384 | -8,923 | 2,110 | 1,961 | 0.26% | -149 |
| PFIZER INC(PFE) | 341,161 | 341,161 | 0 | 8,693 | 8,495 | 1.12% | -198 |
| NEXPOINT DIVERSIFIED REAL ES | 56,300 | 0 | -56,300 | 208 | 0 | — | -208 |
| REALTY INCOME COPR REIT(O) | 44,653 | 44,286 | -367 | 2,714 | 2,496 | 0.33% | -218 |
| CHEVRON CORP(CVX) | 68,978 | 68,542 | -436 | 10,712 | 10,446 | 1.37% | -265 |
| ABBVIE(ABBV) | 63,429 | 62,912 | -517 | 14,686 | 14,375 | 1.89% | -312 |
| ALLIANCE RESOURCE PAR LP(ARLP) | 255,397 | 255,397 | 0 | 6,458 | 5,933 | 0.78% | -525 |
| APPLE INC(AAPL) | 85,468 | 78,074 | -7,394 | 21,763 | 21,225 | 2.79% | -538 |
| VALERO ENERGY CORP NEW(VLO) | 65,962 | 65,621 | -341 | 11,231 | 10,682 | 1.41% | -548 |
| UNIVERSAL CORP(UVV) | 143,987 | 142,083 | -1,904 | 8,045 | 7,495 | 0.99% | -550 |
| MICROSOFT CORP(MSFT) | 14,237 | 13,924 | -313 | 7,374 | 6,734 | 0.89% | -640 |
| KIMBERLY-CLARK CORP(KMB) | 71,457 | 79,671 | +8,214 | 8,885 | 8,038 | 1.06% | -847 |
| ENERGY TRANSFER LP(ET) | 1,416,494 | 1,422,619 | +6,125 | 24,307 | 23,459 | 3.09% | -848 |
| CONAGRA BRANDS INC(CAG) | 197,132 | 145,379 | -51,753 | 3,609 | 2,517 | 0.33% | -1,093 |
| DORCHESTER MINERALS LP(DMLP) | 746,675 | 814,852 | +68,177 | 19,331 | 18,220 | 2.40% | -1,111 |
| HP INC(HPQ) | 236,002 | 236,002 | 0 | 6,426 | 5,258 | 0.69% | -1,168 |
| HF SINCLAIR CORP(DINO) | 243,842 | 243,842 | 0 | 12,763 | 11,236 | 1.48% | -1,526 |
| AT&T(T) | 437,240 | 433,735 | -3,505 | 12,348 | 10,774 | 1.42% | -1,574 |
| ALTRIA GROUP INC(MO) | 238,344 | 235,728 | -2,616 | 15,745 | 13,592 | 1.79% | -2,153 |
| PLYMOUTH INDUSTRIAL REIT INC | 108,000 | 0 | -108,000 | 2,412 | 0 | — | -2,412 |
| OCCIDENTAL PETE CORP WTS EXP 08/03/2027(OXY) | 468,312 | 468,312 | 0 | 11,942 | 9,023 | 1.19% | -2,919 |
| KRAFT HEINZ CO(KHC) | 212,024 | 0 | -212,024 | 5,521 | 0 | — | -5,521 |
| OCCIDENTAL PETROL CORP(OXY) | 3,532,753 | 3,282,753 | -250,000 | 166,923 | 134,987 | 17.76% | -31,936 |