Q3 2025 Holdings
Filed 2025-10-09 | 81 holdings | $775.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Occidental Petrol Corp(OXY) | COM | 674599105 | $166.9M | 3,532,753 | 21.5% |
| Calumet Inc(CLMT) | COM | 131428104 | $98.7M | 5,406,271 | 12.7% |
| Sunoco LP(SUN) | COM | 86765K109 | $28.6M | 571,547 | 3.7% |
| Energy Transfer LP(ET) | COM | 29273V100 | $24.3M | 1,416,494 | 3.1% |
| Apple Inc(AAPL) | COM | 037833100 | $21.8M | 85,468 | 2.8% |
| Dorchester Minerals LP(DMLP) | COM | 25820R105 | $19.3M | 746,675 | 2.5% |
| British Amer Tobacco F Sponsored ADR(BMTA) | COM | 110448107 | $18.4M | 346,549 | 2.4% |
| Newmont Corp(NEM) | COM | 651639106 | $17.9M | 212,522 | 2.3% |
| Altria Group Inc(MO) | COM | 02209S103 | $15.7M | 238,344 | 2.0% |
| Citigroup Inc(C) | COM | 172967424 | $15.4M | 151,341 | 2.0% |
| Abbvie(ABBV) | COM | 00287Y109 | $14.7M | 63,429 | 1.9% |
| Wells Fargo & Co(WFC) | COM | 949746101 | $13.5M | 160,888 | 1.7% |
| Plains All American Pipeline LP(PAA) | COM | 726503105 | $13.4M | 784,791 | 1.7% |
| Bank of America(BAC) | COM | 060505104 | $12.9M | 249,384 | 1.7% |
| Western Midstream Partners LP(WES) | COM | 958669103 | $12.9M | 327,105 | 1.7% |
| HF Sinclair Corp(DINO) | COM | 403949100 | $12.8M | 243,842 | 1.6% |
| Cummins Inc(CMI) | COM | 231021106 | $12.5M | 29,551 | 1.6% |
| AT&T(T) | COM | 00206R102 | $12.3M | 437,240 | 1.6% |
| Occidental Pete Corp WTS EXP 08/03/2027(OXY/WS) | *W EXP 08/03/2027 | 674599162 | $11.9M | 468,312 | 1.5% |
| Valero Energy Corp New(VLO) | COM | 91913Y100 | $11.2M | 65,962 | 1.4% |
| Cisco Systems Inc(CSCO) | COM | 17275R102 | $10.8M | 157,148 | 1.4% |
| Chevron Corp(CVX) | COM | 166764100 | $10.7M | 68,978 | 1.4% |
| Mplx LP(MPLX) | COM | 55336V100 | $10.5M | 209,589 | 1.3% |
| Goldman Sachs Group(GS) | COM | 38141G104 | $10.5M | 13,142 | 1.3% |
| Verizon Communications(VZ) | COM | 92343V104 | $10.3M | 235,178 | 1.3% |
| Amgen Inc(AMGN) | COM | 031162100 | $10.2M | 36,182 | 1.3% |
| Enterprise Products Pptnslp(EPD) | COM | 293792107 | $9.3M | 296,668 | 1.2% |
| Kimberly-Clark Corp(KMB) | COM | 494368103 | $8.9M | 71,457 | 1.1% |
| Pfizer Inc(PFE) | COM | 717081103 | $8.7M | 341,161 | 1.1% |
| Universal Corp(UVV) | COM | 913456109 | $8.0M | 143,987 | 1.0% |
| Microsoft Corp(MSFT) | COM | 594918104 | $7.4M | 14,237 | 1.0% |
| Alliance Resource PAR LP(ARLP) | COM | 01877R108 | $6.5M | 255,397 | 0.8% |
| HP Inc(HPQ) | COM | 40434L105 | $6.4M | 236,002 | 0.8% |
| Schwab US Dividend Equity ETF(SCHD) | US DIVIDEND EQ | 808524797 | $6.3M | 231,589 | 0.8% |
| Kraft Heinz Co(KHC) | COM | 500754106 | $5.5M | 212,024 | 0.7% |
| Bristol-Myers Squibb Cocom(BMY) | COM | 110122108 | $5.5M | 121,058 | 0.7% |
| W P Carey Inc COM(WPC) | COM | 92936U109 | $4.8M | 71,438 | 0.6% |
| Pepsico Inc(PEP) | COM | 713448108 | $4.5M | 32,238 | 0.6% |
| Select Water Solutionsinc CL A COM(WTTR) | COM | 81617J301 | $4.4M | 409,161 | 0.6% |
| Kinder Morgan Inc(KMI) | COM | 49456B101 | $3.9M | 136,684 | 0.5% |
| Conagra Brands Inc(CAG) | COM | 205887102 | $3.6M | 197,132 | 0.5% |
| Berkshire Hathaway Inc(BRK/B) | CL B NEW | 084670702 | $3.4M | 6,837 | 0.4% |
| Goldman Sachs BDC Inc(GSBD) | SHS | 38147U107 | $3.3M | 323,380 | 0.4% |
| United Parcel Service(UPS) | COM | 911312106 | $3.3M | 39,333 | 0.4% |
| Delek Logistics Partners LP(DKL) | COM UNT RP INT | 24664T103 | $3.2M | 70,288 | 0.4% |
| SUN Communities REIT(SUI) | COM | 866674104 | $2.9M | 22,270 | 0.4% |
| Realty Income Copr REIT(O) | COM | 756109104 | $2.7M | 44,653 | 0.3% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $2.7M | 100,000 | 0.3% |
| RLJ Lodging Trust | CUM CONV PFD A | 74965L200 | $2.5M | 97,958 | 0.3% |
| Plymouth Industrial REIT Inc(PLYM) | COM | 729640102 | $2.4M | 108,000 | 0.3% |