Q1 2025 Holdings
Filed 2025-05-15 | 136 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $550.6M | 984,200 | 40.4% |
| Oneok Inc New(OKE) | COM | 682680103 | $75.3M | 3,762,803 | 5.5% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $71.4M | 1,333,688 | 5.2% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $65.0M | 3,493,887 | 4.8% |
| South BOW Corp(SOBO) | COM | 83671M105 | $64.6M | 1,112,162 | 4.7% |
| USA Compression Partners LP(USAC) | COMUNIT LTDPAR | 90290N109 | $64.0M | 1,561,663 | 4.7% |
| RLJ Lodging TR | CUM CONV PFD A | 74965L200 | $36.5M | 1,495,264 | 2.7% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $30.3M | 716,383 | 2.2% |
| Flagstar Financial Inc | UNIT 05/07/2051 | 64944P307 | $29.4M | 789,159 | 2.2% |
| Nextera Energy Inc | UNIT 09/01/2025 | 65339F713 | $29.0M | 713,485 | 2.1% |
| Boeing Co(BA) | DEP CONV PFD A | 097023204 | $28.3M | 472,479 | 2.1% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $22.1M | 301,765 | 1.6% |
| Spdr DOW Jones Indl Average(DIA)Call | UT SER 1 | 78467X109 | $16.8M | 40,000 | 1.2% |
| Cheniere Energy Partners LP(CQP) | COM UNIT | 16411Q101 | $16.4M | 248,819 | 1.2% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $15.3M | 65,997 | 1.1% |
| EPR Pptys | CONV PFD 9% SR E | 26884U307 | $15.1M | 504,356 | 1.1% |
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $14.2M | 163,775 | 1.0% |
| Valero Energy Corp(VLO) | COM | 91913Y100 | $13.5M | 226,209 | 1.0% |
| Pebblebrook Hotel TR | 6.3 CUM PFD SR F | 70509V704 | $10.6M | 575,038 | 0.8% |
| KKR & Co Inc | 6.25 CON SER D | 48251W500 | $9.9M | 199,710 | 0.7% |
| Delek Logistics Partners LP(DKL) | COM UNT RP INT | 24664T103 | $8.6M | 199,562 | 0.6% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $8.5M | 58,087 | 0.6% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $8.4M | 533,448 | 0.6% |
| HF Sinclair Corp(DINO) | COM | 403949100 | $8.2M | 288,609 | 0.6% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $8.0M | 296,442 | 0.6% |
| Genesis Energy L P(GEL) | UNIT LTD PARTN | 371927104 | $7.7M | 144,159 | 0.6% |
| Ares Management Corporation(ARES) | 6.75 SE B PFD | 03990B309 | $7.6M | 157,437 | 0.6% |
| Suburban Propane Partners L(SPH) | UNIT LTD PARTN | 864482104 | $7.4M | 36,690 | 0.5% |
| Etfis SER TR I(PFFA) | VIRTUS INFRCAP | 26923G822 | $7.3M | 344,941 | 0.5% |
| TC Energy Corp(TRP) | COM | 87807B107 | $6.8M | 659,382 | 0.5% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $6.6M | 49,703 | 0.5% |
| Braemar Hotels & Resorts Inc | 5.5 CUM CV PFD B | 10482B200 | $5.4M | 413,881 | 0.4% |
| Rithm Ppty TR Inc | 9.875 FXD-FLT C | 38983D862 | $5.0M | 199,710 | 0.4% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $5.0M | 40,061 | 0.4% |
| PG&E Corp | PFD CONV SER A | 69331C306 | $4.4M | 99,077 | 0.3% |
| Morgan Stanley(MS) | COM NEW | 617446448 | $3.4M | 29,264 | 0.3% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $2.8M | 14,769 | 0.2% |
| Goldman Sachs Group Inc(GS) | COM | 38141G104 | $2.6M | 4,800 | 0.2% |
| Philip Morris Intl Inc(PM) | COM | 718172109 | $2.5M | 15,654 | 0.2% |
| Honeywell Intl Inc(HON) | COM | 438516106 | $2.5M | 11,683 | 0.2% |
| Kilroy Rlty Corp(KRC) | COM | 49427F108 | $2.4M | 72,046 | 0.2% |
| Citigroup Inc(C) | COM NEW | 172967424 | $2.3M | 32,075 | 0.2% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $1.9M | 16,356 | 0.1% |
| Chevron Corp New(CVX) | COM | 166764100 | $1.9M | 11,245 | 0.1% |
| Alliancebernstein Hldg L P(AB) | UNIT LTD PARTN | 01881G106 | $1.9M | 48,880 | 0.1% |
| Etfis SER TR I(AMZA) | INFRAC ACT MLP | 26923G772 | $1.8M | 38,787 | 0.1% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $1.8M | 10,984 | 0.1% |
| BXP Inc(BXP) | COM | 101121101 | $1.8M | 27,301 | 0.1% |
| Equinix Inc(EQIX) | COM | 29444U700 | $1.8M | 2,193 | 0.1% |
| LXP Industrial Trust | PFD CONV SER C | 529043309 | $1.8M | 38,769 | 0.1% |