CIK 1386929
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Oil, Gas & Consumable Fuels | 42.42% | 16 |
| Unclassified | 14.39% | 22 |
| Utilities | 7.38% | 6 |
| Pharmaceuticals & Biotechnology | 4.93% | 5 |
| Banks | 4.69% | 4 |
| Technology Hardware & Equipment | 4.13% | 3 |
| Tobacco | 3.99% | 2 |
| Diversified Telecommunication Services | 3.06% | 2 |
| Metals & Mining | 2.42% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 2.19% | 8 |
| Machinery | 1.71% | 1 |
| Capital Markets | 1.46% | 2 |
| Coal & Consumable Fuels | 1.16% | 2 |
| Food Products | 0.99% | 2 |
| Paper & Forest Products | 0.90% | 1 |
| Distributors | 0.89% | 2 |
| Beverages | 0.73% | 1 |
| Software | 0.72% | 1 |
| Road & Rail | 0.44% | 1 |
| Chemicals | 0.34% | 1 |
| Software & IT Services | 0.33% | 2 |
| Real Estate Management & Development | 0.27% | 1 |
| Semiconductors & Semiconductor Equipment | 0.23% | 1 |
| Insurance | 0.23% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CLMT | Calumet, Inc. /DE | Energy | 12.90% |
| 2 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | 12.27% |
| 3 | JEPQ | J P MORGAN EXCHANGE TRADED F | Unclassified | 6.77% |
| 4 | SUN | Sunoco LP | Energy | 4.12% |
| 5 | ET | Energy Transfer LP | Utilities | 3.12% |
| 6 | DMLP | DORCHESTER MINERALS, L.P. | Energy | 2.70% |
| 7 | NEM | NEWMONT Corp /DE/ | Materials | 2.42% |
| 8 | OXY.WS | OCCIDENTAL PETE CORP | Unclassified | 2.25% |
| 9 | BTI | British American Tobacco p.l.c. | Consumer Staples | 2.25% |
| 10 | AAPL | Apple Inc. | Information Technology | 2.22% |
67/88 names classified · sector 87.4% of weight · industry 85.6% · mkt cap 80.0%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 87.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 50.2% of book weight (46/88 names) · unclassified 49.8%: CLMT, JEPQ, SUN, ET, DMLP, OXY.WS, BTI, PAA, BRK.B, EPD +32 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | CLMTCALUMET INC | 3,202,232 | $115M | 12.9% | TRIM −38% |
| 2 | OXYOCCIDENTAL PETE CORP | 1,682,753 | $109M | 12.3% | TRIM −49% |
| 3 | JEPQJ P MORGAN EXCHANGE TRADED F | 1,087,055 | $60M | 6.8% | NEW |
| 4 | SUNSUNOCO LP/SUNOCO FIN CORP | 565,822 | $37M | 4.1% | HOLD |
| 5 | ETENERGY TRANSFER L P | 1,441,757 | $28M | 3.1% | HOLD |
| 6 | DMLPDORCHESTER MINERALS LP | 888,264 | $24M | 2.7% | ADD 9% |
| 7 | NEMNEWMONT CORP | 198,962 | $22M | 2.4% | HOLD |
| 8 | OXY.WSOCCIDENTAL PETE CORP | 468,312 | $20M | 2.3% | HOLD |
| 9 | BTIBRITISH AMERN TOB PLC | 343,016 | $20M | 2.2% | HOLD |
| 10 | AAPLAPPLE INC | 78,074 | $20M | 2.2% | HOLD |
| 11 | PAAPLAINS ALL AMERN PIPELINE L | 823,061 | $18M | 2.1% | HOLD |
| 12 | CCITIGROUP INC | 149,307 | $17M | 1.9% | HOLD |
| 13 | VLOVALERO ENERGY CORP | 64,384 | $16M | 1.8% | HOLD |
| 14 | BRK.BBERKSHIRE HATHAWAY INC DEL | 32,945 | $16M | 1.8% | ADD 382% |
| 15 | MOALTRIA GROUP INC | 235,728 | $16M | 1.7% | HOLD |
| 16 | CMICUMMINS INC | 28,377 | $15M | 1.7% | TRIM −3% |
| 17 | DINOHF SINCLAIR CORP | 243,842 | $15M | 1.7% | HOLD |
| 18 | EPDENTERPRISE PRODS PARTNERS L | 398,768 | $15M | 1.7% | ADD 9% |
| 19 | VZVERIZON COMMUNICATIONS INC | 293,729 | $15M | 1.7% | HOLD |
| 20 | CVXCHEVRON CORP NEW | 68,462 | $14M | 1.6% | HOLD |
| 21 | WESWESTERN MIDSTREAM PARTNERS L | 342,105 | $14M | 1.6% | HOLD |
| 22 | ABBVABBVIE INC | 62,912 | $14M | 1.5% | HOLD |
| 23 | WFCWELLS FARGO CO NEW | 159,768 | $13M | 1.4% | HOLD |
| 24 | AMGNAMGEN INC | 35,899 | $13M | 1.4% | HOLD |
| 25 | TAT&T INC | 431,239 | $13M | 1.4% | HOLD |
| 26 | MPLXMPLX LP | 216,096 | $12M | 1.4% | ADD 3% |
| 27 | CSCOCISCO SYS INC | 157,148 | $12M | 1.4% | HOLD |
| 28 | GSGOLDMAN SACHS GROUP INC | 14,142 | $12M | 1.3% | ADD 8% |
| 29 | BACBANK AMERICA CORP | 243,543 | $12M | 1.3% | HOLD |
| 30 | PFEPFIZER INC | 341,545 | $10M | 1.1% | HOLD |
| 31 | KMBKIMBERLY-CLARK CORP | 83,167 | $8M | 0.9% | ADD 4% |
| 32 | UVVUNIVERSAL CORP VA | 142,083 | $7M | 0.8% | HOLD |
| 33 | BMYBRISTOL-MYERS SQUIBB CO | 123,294 | $7M | 0.8% | HOLD |
| 34 | ARLPALLIANCE RESOURCE PARTNERS L | 255,397 | $7M | 0.8% | HOLD |
| 35 | SCHDSCHWAB STRATEGIC TR | 220,019 | $7M | 0.8% | TRIM −3% |
| 36 | PEPPEPSICO INC | 41,647 | $6M | 0.7% | ADD 6% |
| 37 | MSFTMICROSOFT CORP | 17,324 | $6M | 0.7% | ADD 24% |
| 38 | HRLHORMEL FOODS CORP | 281,883 | $6M | 0.7% | ADD 10% |
| 39 | WTTRSELECT WATER SOLUTIONS INC | 409,161 | $6M | 0.7% | HOLD |
| 40 | WPCW. P. Carey Inc. | 82,388 | $6M | 0.6% | ADD 12% |
| 41 | HPQHP INC | 251,744 | $5M | 0.5% | ADD 7% |
| 42 | KMIKINDER MORGAN INC DEL | 136,684 | $5M | 0.5% | HOLD |
| 43 | UPSUNITED PARCEL SERVICE INC | 39,924 | $4M | 0.4% | ADD 11% |
| 44 | DKLDELEK LOGISTICS PARTNERS LP | 70,288 | $3M | 0.4% | HOLD |
| 45 | MLPAGLOBAL X FDS | 62,536 | $3M | 0.4% | ADD 28% |
| 46 | GSBDGOLDMAN SACHS BDC INC | 374,609 | $3M | 0.4% | ADD 10% |
| 47 | BTUPEABODY ENERGY CORP | 100,000 | $3M | 0.4% | HOLD |
| 48 | RLJ LODGING TR | 134,902 | $3M | 0.4% | ADD 20% |
| 49 | OREALTY INCOME CORP | 52,465 | $3M | 0.4% | ADD 18% |
| 50 | PGPROCTER AND GAMBLE CO | 21,044 | $3M | 0.3% | ADD 284% |
| 51 | SUISUN CMNTYS INC | 22,270 | $3M | 0.3% | HOLD |
| 52 | NNNNNN REIT INC | 62,214 | $3M | 0.3% | ADD 31% |
| 53 | WMBWILLIAMS COS INC | 34,884 | $3M | 0.3% | HOLD |
| 54 | ENBENBRIDGE INC | 46,445 | $3M | 0.3% | HOLD |
| 55 | CAGCONAGRA BRANDS INC | 155,397 | $2M | 0.3% | ADD 7% |
| 56 | AHRTARMADA HOFFLER PPTYS INC | 439,923 | $2M | 0.3% | ADD 7% |
| 57 | AVGOBROADCOM INC | 6,703 | $2M | 0.2% | HOLD |
| 58 | MKLMARKEL GROUP INC | 1,050 | $2M | 0.2% | NEW |
| 59 | GBDCGOLUB CAP BDC INC | 150,523 | $2M | 0.2% | ADD 3% |
| 60 | OBDCBLUE OWL CAPITAL CORPORATION | 169,701 | $2M | 0.2% | ADD 7% |
| 61 | GOOGLALPHABET INC | 6,261 | $2M | 0.2% | HOLD |
| 62 | OKEONEOK INC NEW | 18,941 | $2M | 0.2% | HOLD |
| 63 | XOMEXXON MOBIL CORP | 10,040 | $2M | 0.2% | HOLD |
| 64 | STWDSTARWOOD PPTY TR INC | 95,177 | $2M | 0.2% | ADD 47% |
| 65 | MSDLMORGAN STANLEY DIRECT LENDIN | 114,432 | $2M | 0.2% | ADD 3% |
| 66 | PAGPPLAINS GP HLDGS L P | 57,753 | $1M | 0.2% | HOLD |
| 67 | FSKFS KKR CAP CORP | 132,384 | $1M | 0.2% | HOLD |
| 68 | WYWEYERHAEUSER CO | 54,313 | $1M | 0.1% | HOLD |
| 69 | MPTMEDICAL PPTYS TRUST INC | 271,226 | $1M | 0.1% | HOLD |
| 70 | SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF | 41,598 | $1M | 0.1% | TRIM −15% |
| 71 | BXSLBLACKSTONE SECD LENDING FD | 50,169 | $1M | 0.1% | HOLD |
| 72 | NCDLNUVEEN CHURCHILL DIRECT LEND | 91,021 | $1M | 0.1% | ADD 4% |
| 73 | METAMETA PLATFORMS INC | 1,938 | $1M | 0.1% | NEW |
| 74 | OWLBLUE OWL CAPITAL INC | 119,496 | $1M | 0.1% | ADD 309% |
| 75 | SPGSIMON PPTY GROUP INC NEW | 5,789 | $1M | 0.1% | HOLD |
| 76 | CCAPCRESCENT CAP BDC INC | 79,828 | $969,910 | 0.1% | HOLD |
| 77 | BIZDVANECK ETF TRUST | 74,079 | $948,211 | 0.1% | TRIM −3% |
| 78 | LQDISHARES TR | 8,484 | $924,716 | 0.1% | TRIM −20% |
| 79 | KRPKIMBELL RTY PARTNERS LP | 55,780 | $807,137 | 0.1% | NEW |
| 80 | HESMHESS MIDSTREAM LP | 20,550 | $798,778 | 0.1% | ADD 73% |
| 81 | PFFDGLOBAL X FDS | 39,294 | $723,009 | 0.1% | TRIM −21% |
| 82 | JNJJOHNSON & JOHNSON | 2,347 | $573,701 | 0.1% | HOLD |
| 83 | TTYPTRINITY PETROLEUM TR | 10,020 | $531,060 | 0.1% | HOLD |
| 84 | SLVISHARES SILVER TR | 7,000 | $476,980 | 0.1% | HOLD |
| 85 | GLPGLOBAL PARTNERS LP | 9,860 | $415,106 | 0.0% | HOLD |
| 86 | KBDCKAYNE ANDERSON BDC INC | 20,341 | $279,079 | 0.0% | HOLD |
| 87 | FFINFIRST FINL BANKSHARES INC | 8,760 | $257,982 | 0.0% | HOLD |
| 88 | DVYISHARES TR | 1,331 | $201,477 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CLMTCALUMET INC | 5.3M | 5.4M | 5.4M | 5.4M | 5.2M | 3.2M | $115M |
| OXYOCCIDENTAL PETE CORP | 3.5M | 3.5M | 3.5M | 3.5M | 3.3M | 1.7M | $109M |
| JEPQJ P MORGAN EXCHANGE TRADED F | — | — | — | — | — | 1.1M | $60M |
| SUNSUNOCO LP/SUNOCO FIN CORP | 572K | 569K | 572K | 572K | 572K | 566K | $37M |
| ETENERGY TRANSFER L P | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | $28M |
| DMLPDORCHESTER MINERALS LP | 612K | 560K | 617K | 747K | 815K | 888K | $24M |
| NEMNEWMONT CORP | 257K | 220K | 218K | 213K | 203K | 199K | $22M |
| OXY/WSOCCIDENTAL PETE CORP | 468K | 468K | 468K | 468K | 468K | 468K | $20M |
| BTIBRITISH AMERN TOB PLC | 411K | 386K | 347K | 347K | 343K | 343K | $20M |
| AAPLAPPLE INC | 94K | 92K | 85K | 85K | 78K | 78K | $20M |
| PAAPLAINS ALL AMERN PIPELINE L | 768K | 763K | 788K | 785K | 828K | 823K | $18M |
| CCITIGROUP INC | 175K | 171K | 152K | 151K | 150K | 149K | $17M |
| VLOVALERO ENERGY CORP | 72K | 71K | 66K | 66K | 66K | 64K | $16M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 744 | 744 | 744 | 7K | 7K | 33K | $16M |
| MOALTRIA GROUP INC | 272K | 272K | 238K | 238K | 236K | 236K | $16M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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