Q4 2025 Holdings
Filed 2026-02-02 | 121 holdings | $1.5B | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2026-02-06) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Federal Natl MTG Assn VAR PFD SER PA | Preferred | 313586786 | $105.2M | 8,086,510 | 7.2% |
| Federal Natl MTG Assn PFD 8.25 SR TA | Preferred | 313586737 | $81.0M | 5,803,133 | 5.5% |
| Lumen Technologies Inc COM(LUMN) | Call | 550241103 | $52.1M | 6,699,685 | 3.6% |
| Palantir Technologies Inc CL A(PLTR) | Stock | 69608A108 | $51.6M | 290,411 | 3.5% |
| Williams COS Inc COM(WMB) | Stock | 969457100 | $46.6M | 775,702 | 3.2% |
| Microsoft Corp COM(MSFT) | Stock | 594918104 | $42.9M | 88,742 | 2.9% |
| Corning Inc COM(GLW) | Stock | 219350105 | $41.7M | 476,032 | 2.9% |
| Berkshire Hathaway Inc del CL B New(BRK/B) | Stock | 084670702 | $39.6M | 78,841 | 2.7% |
| Federal Home LN MTG Corp 6.02 NON CM PFDA | Preferred | 313400657 | $38.2M | 2,988,259 | 2.6% |
| International Business Machs COM(IBM) | Stock | 459200101 | $36.0M | 121,670 | 2.5% |
| Merck & Co Inc COM(MRK) | Stock | 58933Y105 | $34.6M | 328,315 | 2.4% |
| Federal Natl MTG Assn Pfd8.25ser SA | Preferred | 313586752 | $33.3M | 2,185,809 | 2.3% |
| Taiwan Semiconductor MFG LTD Sponsored ADS(TSM) | ADR | 874039100 | $32.1M | 105,639 | 2.2% |
| GE Aerospace COM New(GE) | Stock | 369604301 | $31.3M | 101,641 | 2.1% |
| Gilead Sciences Inc COM(GILD) | Stock | 375558103 | $30.0M | 244,611 | 2.1% |
| GE Vernova Inc COM(GEV) | Stock | 36828A101 | $29.8M | 45,556 | 2.0% |
| Bank America Corp COM(BAC) | Stock | 060505104 | $29.5M | 536,739 | 2.0% |
| RTX Corporation COM(RTX) | Stock | 75513E101 | $29.4M | 160,234 | 2.0% |
| Chevron Corp New COM(CVX) | Stock | 166764100 | $29.2M | 191,654 | 2.0% |
| Johnson & Johnson COM(JNJ) | Stock | 478160104 | $28.9M | 139,610 | 2.0% |
| Federal Home LN MTG Corp PFD 8.375 NCMA | Preferred | 313400624 | $28.4M | 1,970,502 | 1.9% |
| CVS Health Corp COM(CVS) | Stock | 126650100 | $26.1M | 328,339 | 1.8% |
| Duke Energy Corp New COM New(DUK) | Stock | 26441C204 | $24.6M | 209,896 | 1.7% |
| D R Horton Inc COM(DHI) | Stock | 23331A109 | $22.8M | 158,358 | 1.6% |
| United Parcel Service Inc CL B(UPS) | Stock | 911312106 | $22.1M | 222,506 | 1.5% |
| Nextera Energy Inc COM(NEE) | Stock | 65339F101 | $21.5M | 268,049 | 1.5% |
| Amazon COM Inc COM(AMZN) | Stock | 023135106 | $20.7M | 89,680 | 1.4% |
| Apple Inc COM(AAPL) | Stock | 037833100 | $20.3M | 74,834 | 1.4% |
| Constellation Energy Corp COM(CEG) | Stock | 21037T109 | $19.5M | 55,273 | 1.3% |
| FB Finl Corp COM(FBK) | Stock | 30257X104 | $19.3M | 345,973 | 1.3% |
| DOW Inc COM(DOW) | Stock | 260557103 | $19.1M | 817,658 | 1.3% |
| Alphabet Inc Cap STK CL A(GOOGL) | Stock | 02079K305 | $16.9M | 54,061 | 1.2% |
| Pepsico Inc COM(PEP) | Stock | 713448108 | $16.5M | 115,165 | 1.1% |
| Oracle Corp COM(ORCL) | Stock | 68389X105 | $15.8M | 81,264 | 1.1% |
| Equinix Inc COM(EQIX) | REIT | 29444U700 | $15.6M | 20,358 | 1.1% |
| Unitedhealth Group Inc COM(UNH) | Stock | 91324P102 | $15.4M | 46,571 | 1.1% |
| Sony Group Corp Sponsored ADR(SONY) | ADR | 835699307 | $15.0M | 587,005 | 1.0% |
| Vaneck Rare Earth and Strategic Metals ETF(REMX) | ETF | 92189H805 | $14.4M | 195,002 | 1.0% |
| Netflix Inc. COM(NFLX) | Stock | 64110L106 | $14.2M | 151,630 | 1.0% |
| AT&T Inc COM(T) | Stock | 00206R102 | $13.8M | 557,352 | 0.9% |
| Verizon Communications Inc COM(VZ) | Stock | 92343V104 | $13.7M | 336,436 | 0.9% |
| Honeywell Intl Inc COM(HON) | Stock | 438516106 | $13.5M | 69,352 | 0.9% |
| Coca Cola Co COM(KO) | Stock | 191216100 | $13.3M | 190,595 | 0.9% |
| Stryker Corporation COM(SYK) | Stock | 863667101 | $12.7M | 36,069 | 0.9% |
| Amgen Inc COM(AMGN) | Stock | 031162100 | $12.4M | 37,957 | 0.9% |
| Federal Natl MTG Assn PFD O VAR RateA | Preferred | 313586794 | $11.7M | 436,002 | 0.8% |
| State Street Spdr Bloomberg 1-3 Month T-Bill ETF(BIL) | ETF | 78468R663 | $11.2M | 122,988 | 0.8% |
| Hershey Co COM(HSY) | Stock | 427866108 | $10.5M | 57,533 | 0.7% |
| Home Depot Inc COM(HD) | Stock | 437076102 | $9.4M | 27,399 | 0.6% |
| Costco Wholesale Corporation COM(COST) | Stock | 22160K105 | $9.2M | 10,652 | 0.6% |