Q2 2025 Holdings
Filed 2025-07-21 | 46 holdings | $133.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Vanguard Index FDS(VTI) | TOTAL STK MKT | 922908769 | $89.2M | 293,601 | 66.8% |
| Wells Fargo Co New(WFC) | PERP PFD CNV A | 949746804 | $3.6M | $3,070 | 2.7% |
| Vanguard BD Index FDS(BND) | TOTAL BND MRKT | 921937835 | $3.1M | 42,012 | 2.3% |
| Bank America Corp(BAC) | 7.25%CNV PFD L | 060505682 | $3.0M | 2,488 | 2.3% |
| Southern Co | NOTE 3.875%12/1 | 842587DP9 | $2.5M | $2,268,000 | 1.9% |
| Nextera Energy Inc | UNIT 09/01/2025 | 65339F713 | $2.3M | 57,000 | 1.7% |
| Uber Technologies Inc | NOTE 0.875%12/0 | 90353TAM2 | $2.0M | $1,403,000 | 1.5% |
| Ford MTR Co | NOTE 3/1 | 345370CZ1 | $1.8M | $1,847,000 | 1.4% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $1.7M | 22,713 | 1.3% |
| Global Pmts Inc | NOTE 1.500% 3/0 | 37940XAU6 | $1.6M | $1,800,000 | 1.2% |
| Duke Energy Corp New | NOTE 4.125% 4/1 | 26441CBY0 | $1.5M | $1,434,000 | 1.1% |
| KKR & Co Inc | 6.25 CON SER D | 48251W500 | $1.5M | 27,000 | 1.1% |
| Centerpoint Energy Inc | NOTE 4.250% 8/1 | 15189TBD8 | $1.2M | $1,129,000 | 0.9% |
| SSgA Active ETF TR(SRLN) | BLACKSTONE SENR | 78467V608 | $1.2M | 29,300 | 0.9% |
| Ares Management Corporation(ARES) | 6.75 SE B PFD | 03990B309 | $1.2M | 22,700 | 0.9% |
| PPL Cap FDG Inc | NOTE 2.875% 3/1 | 69352PAS2 | $1.2M | $1,122,000 | 0.9% |
| Evergy Inc | NOTE 4.500%12/1 | 30034WAD8 | $1.1M | $932,000 | 0.8% |
| CMS Energy Corp | NOTE 3.375% 5/0 | 125896BX7 | $962.0K | $905,000 | 0.7% |
| Ventas Rlty LTD Partnership | NOTE 3.750% 6/0 | 92277GAZ0 | $909.8K | $761,000 | 0.7% |
| Expedia Group Inc | NOTE 2/1 | 30212PBE4 | $857.3K | $882,000 | 0.6% |
| Southern Co | NOTE 4.500% 6/1 | 842587DZ7 | $825.0K | $750,000 | 0.6% |
| Vanguard Scottsdale FDS(VGSH) | SHORT TERM TREAS | 92206C102 | $793.5K | 13,500 | 0.6% |
| Alliant Energy Corp | NOTE 3.875% 3/1 | 018802AC2 | $766.1K | $746,000 | 0.6% |
| Invesco Exch Traded FD TR II(BKLN) | SR LN ETF | 46138G508 | $753.1K | 36,000 | 0.6% |
| Nextera Energy Cap Hldgs Inc | NOTE 3.000% 3/0 | 65339KCY4 | $706.1K | $621,000 | 0.5% |
| WEC Energy Group Inc | NOTE 4.375% 6/0 | 92939UAR7 | $575.8K | $500,000 | 0.4% |
| WEC Energy Group Inc | NOTE 4.375% 6/0 | 92939UAP1 | $563.2K | $500,000 | 0.4% |
| Highland Opps & Income FD(HFRO) | HIGHLAND INCOME | 43010E404 | $550.7K | 105,895 | 0.4% |
| Vanguard Index FDS(VUG) | GROWTH ETF | 922908736 | $505.0K | 1,152 | 0.4% |
| American WTR Cap Corp | NOTE 3.625% 6/1 | 03040WBE4 | $502.0K | $500,000 | 0.4% |
| Meritage Homes Corp | NOTE 1.750% 5/1 | 59001ABF8 | $459.9K | $475,000 | 0.3% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $449.6K | 5,575 | 0.3% |
| Invesco Exchange Traded FD T(SPHQ) | S&P500 QUALITY | 46137V241 | $408.0K | 5,725 | 0.3% |
| Pinnacle West Cap Corp | NOTE 4.750% 6/1 | 723484AK7 | $379.1K | $350,000 | 0.3% |
| CBL & Assoc Pptys Inc(CBL) | COMMON STOCK | 124830878 | $378.5K | 14,909 | 0.3% |
| Nextera Energy Inc(NEEPS) | UNIT 06/01/2027 | 65339F663 | $376.3K | 8,000 | 0.3% |
| Envista Holdings Corporation | NOTE 1.750% 8/1 | 29415FAD6 | $361.5K | $390,000 | 0.3% |
| Clear Channel Outdoor Hldgs(CCO) | COM | 18453H106 | $348.9K | 298,191 | 0.3% |
| First TR SR Fltg Rate Income(FCT) | COM | 33733U108 | $305.0K | 30,017 | 0.2% |
| Western Asset High Incom FD(HIX) | COM | 95766J102 | $260.0K | 60,614 | 0.2% |
| Iheartmedia Inc(IHRT) | COM CL A | 45174J509 | $205.9K | 117,010 | 0.2% |
| Capital Southwest Corp | NOTE 5.125%11/1 | 140501AE7 | $181.9K | $185,000 | 0.1% |
| Eaton Vance SR Fltng RTE TR(XEFRX) | COM | 27828Q105 | $179.0K | 14,765 | 0.1% |
| New MTN FIN Corp | NOTE 7.500%10/1 | 647551AE0 | $155.4K | $155,000 | 0.1% |
| Sunnova Energy Intl Inc. | NOTE 2.625% 2/1 | 86745KAH7 | $2.5K | $1,000,000 | 0.0% |
| Sunnova Energy Intl Inc. | NOTE 0.250%12/0 | 86745KAF1 | $2.5K | $1,000,000 | 0.0% |