Q4 2025 Holdings
Filed 2026-01-15 | 83 holdings | $760.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Occidental Petrol Corp(OXY) | COM | 674599105 | $135.0M | 3,282,753 | 17.8% |
| Calumet Inc(CLMT) | COM | 131428104 | $102.5M | 5,156,271 | 13.5% |
| Sunoco LP(SUN) | COM | 86765K109 | $30.0M | 571,547 | 3.9% |
| Energy Transfer LP(ET) | COM | 29273V100 | $23.5M | 1,422,619 | 3.1% |
| Apple Inc(AAPL) | COM | 037833100 | $21.2M | 78,074 | 2.8% |
| Newmont Corp(NEM) | COM | 651639106 | $20.2M | 202,569 | 2.7% |
| British Amer Tobacco F Sponsored ADR(BMTA) | COM | 110448107 | $19.4M | 343,016 | 2.6% |
| Dorchester Minerals LP(DMLP) | COM | 25820R105 | $18.2M | 814,852 | 2.4% |
| Citigroup Inc(C) | COM | 172967424 | $17.5M | 150,376 | 2.3% |
| Cummins Inc(CMI) | COM | 231021106 | $14.9M | 29,259 | 2.0% |
| Wells Fargo & Co(WFC) | COM | 949746101 | $14.9M | 159,768 | 2.0% |
| Plains All American Pipeline LP(PAA) | COM | 726503105 | $14.9M | 827,791 | 2.0% |
| Abbvie(ABBV) | COM | 00287Y109 | $14.4M | 62,912 | 1.9% |
| Bank of America(BAC) | COM | 060505104 | $13.6M | 248,042 | 1.8% |
| Altria Group Inc(MO) | COM | 02209S103 | $13.6M | 235,728 | 1.8% |
| Western Midstream Partners LP(WES) | COM | 958669103 | $13.5M | 342,105 | 1.8% |
| Cisco Systems Inc(CSCO) | COM | 17275R102 | $12.1M | 157,148 | 1.6% |
| Verizon Communications(VZ) | COM | 92343V104 | $11.8M | 289,825 | 1.6% |
| Amgen Inc(AMGN) | COM | 031162100 | $11.8M | 35,899 | 1.5% |
| Enterprise Products Pptnslp(EPD) | COM | 293792107 | $11.7M | 364,668 | 1.5% |
| Goldman Sachs Group(GS) | COM | 38141G104 | $11.6M | 13,142 | 1.5% |
| HF Sinclair Corp(DINO) | COM | 403949100 | $11.2M | 243,842 | 1.5% |
| Mplx LP(MPLX) | COM | 55336V100 | $11.2M | 209,589 | 1.5% |
| AT&T(T) | COM | 00206R102 | $10.8M | 433,735 | 1.4% |
| Valero Energy Corp New(VLO) | COM | 91913Y100 | $10.7M | 65,621 | 1.4% |
| Chevron Corp(CVX) | COM | 166764100 | $10.4M | 68,542 | 1.4% |
| Occidental Pete Corp WTS EXP 08/03/2027(OXY/WS) | *W EXP 08/03/2027 | 674599162 | $9.0M | 468,312 | 1.2% |
| Pfizer Inc(PFE) | COM | 717081103 | $8.5M | 341,161 | 1.1% |
| Kimberly-Clark Corp(KMB) | COM | 494368103 | $8.0M | 79,671 | 1.1% |
| Universal Corp(UVV) | COM | 913456109 | $7.5M | 142,083 | 1.0% |
| Microsoft Corp(MSFT) | COM | 594918104 | $6.7M | 13,924 | 0.9% |
| Bristol-Myers Squibb Cocom(BMY) | COM | 110122108 | $6.7M | 123,294 | 0.9% |
| Schwab US Dividend Equity ETF(SCHD) | US DIVIDEND EQ | 808524797 | $6.2M | 227,090 | 0.8% |
| Hormel Foods Copr(HRL) | COM | 440452100 | $6.1M | 255,275 | 0.8% |
| Alliance Resource PAR LP(ARLP) | COM | 01877R108 | $5.9M | 255,397 | 0.8% |
| Pepsico Inc(PEP) | COM | 713448108 | $5.7M | 39,411 | 0.7% |
| HP Inc(HPQ) | COM | 40434L105 | $5.3M | 236,002 | 0.7% |
| W P Carey Inc COM(WPC) | COM | 92936U109 | $4.7M | 73,318 | 0.6% |
| Select Water Solutionsinc CL A COM(WTTR) | COM | 81617J301 | $4.3M | 409,161 | 0.6% |
| Kinder Morgan Inc(KMI) | COM | 49456B101 | $3.8M | 136,684 | 0.5% |
| United Parcel Service(UPS) | COM | 911312106 | $3.6M | 36,047 | 0.5% |
| Berkshire Hathaway Inc(BRK/B) | CL B NEW | 084670702 | $3.4M | 6,837 | 0.5% |
| Goldman Sachs BDC Inc(GSBD) | SHS | 38147U107 | $3.2M | 340,245 | 0.4% |
| Delek Logistics Partners LP(DKL) | COM UNT RP INT | 24664T103 | $3.1M | 70,288 | 0.4% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $3.0M | 100,000 | 0.4% |
| RLJ Lodging Trust | CUM CONV PFD A | 74965L200 | $2.8M | 112,432 | 0.4% |
| SUN Communities REIT(SUI) | COM | 866674104 | $2.8M | 22,270 | 0.4% |
| Armada Hoffler Properties(AHH) | COM | 04208T108 | $2.7M | 409,923 | 0.4% |
| Conagra Brands Inc(CAG) | COM | 205887102 | $2.5M | 145,379 | 0.3% |
| Realty Income Copr REIT(O) | COM | 756109104 | $2.5M | 44,286 | 0.3% |