Q2 2025 Holdings
Filed 2025-07-07 | 80 holdings | $710.7M | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2025-07-08) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Occidental Petrol Corp(OXY)A | COM | 674599105 | $148.4M | 3,532,753 | 20.9% |
| Calumet Inc(CLMT)A | COM | 131428104 | $85.2M | 5,406,271 | 12.0% |
| Sunoco LP(SUN)A | COM | 86765K109 | $30.6M | 571,547 | 4.3% |
| Energy Transfer LP(ET)A | COM | 29273V100 | $25.8M | 1,423,717 | 3.6% |
| Apple Inc(AAPL)A | COM | 037833100 | $17.5M | 85,468 | 2.5% |
| Dorchester Minerals LP(DMLP)A | COM | 25820R105 | $17.2M | 617,108 | 2.4% |
| British Amer Tobacco F Sponsored ADR(BMTA)A | COM | 110448107 | $16.4M | 346,549 | 2.3% |
| Plains All American Pipeline LP(PAA)A | COM | 726503105 | $14.4M | 787,922 | 2.0% |
| Altria Group Inc(MO)A | COM | 02209S103 | $14.0M | 238,344 | 2.0% |
| Citigroup Inc(C)A | COM | 172967424 | $13.0M | 152,433 | 1.8% |
| Wells Fargo & Co(WFC)A | COM | 949746101 | $12.9M | 161,478 | 1.8% |
| Newmont Corp(NEM)A | COM | 651639106 | $12.7M | 218,258 | 1.8% |
| Western Midstream Partners LP(WES)A | COM | 958669103 | $12.7M | 327,105 | 1.8% |
| AT&T(T)A | COM | 00206R102 | $12.7M | 437,240 | 1.8% |
| Bank of America(BAC)A | COM | 060505104 | $11.8M | 249,384 | 1.7% |
| Abbvie(ABBV)A | COM | 00287Y109 | $11.8M | 63,429 | 1.7% |
| Cisco Systems Inc(CSCO)A | COM | 17275R102 | $11.0M | 158,192 | 1.5% |
| Mplx LP(MPLX)A | COM | 55336V100 | $10.8M | 209,589 | 1.5% |
| Goldman Sachs Group(GS)A | COM | 38141G104 | $10.6M | 14,967 | 1.5% |
| Verizon Communications(VZ)A | COM | 92343V104 | $10.2M | 235,178 | 1.4% |
| Amgen Inc(AMGN)A | COM | 031162100 | $10.1M | 36,182 | 1.4% |
| HF Sinclair Corp(DINO)A | COM | 403949100 | $10.1M | 244,909 | 1.4% |
| Chevron Corp(CVX)A | COM | 166764100 | $9.9M | 68,978 | 1.4% |
| Occidental Pete Corp WTS EXP 08/03/2027(OXY/WS)A | *W EXP 08/03/2027 | 674599162 | $9.7M | 468,312 | 1.4% |
| Cummins Inc(CMI)A | COM | 231021106 | $9.7M | 29,551 | 1.4% |
| Kimberly-Clark Corp(KMB)A | COM | 494368103 | $9.2M | 71,125 | 1.3% |
| Valero Energy Corp New(VLO)A | COM | 91913Y100 | $8.9M | 65,962 | 1.2% |
| Alliance Resource PAR LP(ARLP)A | COM | 01877R108 | $8.8M | 334,845 | 1.2% |
| Universal Corp(UVV)A | COM | 913456109 | $8.7M | 149,418 | 1.2% |
| Enterprise Products Pptnslp(EPD)A | COM | 293792107 | $7.7M | 248,234 | 1.1% |
| Kraft Heinz Co(KHC)A | COM | 500754106 | $7.7M | 297,853 | 1.1% |
| Pfizer Inc(PFE)A | COM | 717081103 | $7.2M | 295,919 | 1.0% |
| Microsoft Corp(MSFT)A | COM | 594918104 | $7.1M | 14,237 | 1.0% |
| Schwab US Dividend Equity ETF(SCHD)A | US DIVIDEND EQ | 808524797 | $6.1M | 231,786 | 0.9% |
| HP Inc(HPQ)A | COM | 40434L105 | $5.8M | 237,799 | 0.8% |
| Bristol-Myers Squibb Cocom(BMY)A | COM | 110122108 | $5.8M | 124,472 | 0.8% |
| United Parcel Service(UPS)A | COM | 911312106 | $5.2M | 51,480 | 0.7% |
| W P Carey Inc COM(WPC)A | COM | 92936U109 | $4.5M | 71,975 | 0.6% |
| Kinder Morgan Inc(KMI)A | COM | 49456B101 | $4.0M | 136,684 | 0.6% |
| Conagra Brands Inc(CAG)A | COM | 205887102 | $4.0M | 193,623 | 0.6% |
| Pepsico Inc(PEP)A | COM | 713448108 | $3.8M | 28,554 | 0.5% |
| Goldman Sachs BDC Inc(GSBD)A | SHS | 38147U107 | $3.7M | 325,788 | 0.5% |
| Select Water Solutionsinc CL A COM(WTTR)A | COM | 81617J301 | $3.5M | 409,161 | 0.5% |
| Delek Logistics Partners LP(DKL)A | COM UNT RP INT | 24664T103 | $3.0M | 70,288 | 0.4% |
| FS KKR Capital Corp(FSK)A | COM | 302635206 | $3.0M | 142,637 | 0.4% |
| SUN Communities REIT(SUI)A | COM | 866674104 | $2.8M | 22,270 | 0.4% |
| Realty Income Copr REIT(O)A | COM | 756109104 | $2.4M | 42,323 | 0.3% |
| RLJ Lodging TrustA | CUM CONV PFD A | 74965L200 | $2.3M | 97,958 | 0.3% |
| Williams COS Inc(WMB)A | COM | 969457100 | $2.2M | 34,884 | 0.3% |
| Enbridge Inc COM(ENB)A | COM | 29250N105 | $2.1M | 46,445 | 0.3% |