First Dallas Securities Inc. Diversified Active

CIK: 0001378559 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $268,751 (100.0% shares, 0.0% debt)

Holdings (107)

New Positions (6)

CXW Corecivic Inc 0.2%

Value ($000) $621 Shares 32,500 Est. Cost $18.32 Unrealized 0.0%

FWRG First Watch Restaurant Group I 0.2%

Value ($000) $588 Shares 39,000 Est. Cost $16.85 Unrealized 0.0%

GM General Motors Co 0.1%

Value ($000) $391 Shares 4,808 Est. Cost $70.40 Unrealized 0.0%

FVR Frontview Reit Inc COM 0.1%

Value ($000) $319 Shares 21,600 Est. Cost $14.76 Unrealized —

CRK Comstock Resources Inc 0.1%

Value ($000) $232 Shares 10,000 Est. Cost $22.04 Unrealized 0.0%

DECK Deckers Outdoor Corp 0.1%

Value ($000) $227 Shares 2,190 Est. Cost $93.73 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CXW	Corecivic Inc	32,500	$621	0.2%	$18.32	0.0%	COM	21871N101
FWRG	First Watch Restaurant Group I	39,000	$588	0.2%	$16.85	0.0%	COM	33748L101
GM	General Motors Co	4,808	$391	0.1%	$70.40	0.0%	COM	37045V100
FVR	Frontview Reit Inc COM	21,600	$319	0.1%	$14.76	—	COM	35922N100
CRK	Comstock Resources Inc	10,000	$232	0.1%	$22.04	0.0%	COM	205768302
DECK	Deckers Outdoor Corp	2,190	$227	0.1%	$93.73	0.0%	COM	243537107

Increased Positions (34)

WHR Whirlpool Corp 1.0%

Value ($000) $2,749 (+655.6%) Shares 38,104 (+723.3%) Est. Cost $77.08 Unrealized -4.2%

TPL Texas Pacific Land Corporation 6.9%

Value ($000) $18,570 (-8.8%) Shares 64,655 (+196.4%) Est. Cost $258.59 Unrealized +18.0%

FCX Freeport-Mcmoran Inc Cl B 2.5%

Value ($000) $6,738 (+35.4%) Shares 132,658 (+4.6%) Est. Cost $40.09 Unrealized +8.0%

MU Micron Technology Inc 1.4%

Value ($000) $3,675 (+73.6%) Shares 12,876 (+1.7%) Est. Cost $68.67 Unrealized +234.0%

SN Sharkninja Inc 1.7%

Value ($000) $4,472 (+37.1%) Shares 39,960 (+26.4%) Est. Cost $96.94 Unrealized +1.7%

UBER Uber Technologies Inc 2.4%

Value ($000) $6,489 (-14.6%) Shares 79,415 (+2.4%) Est. Cost $45.11 Unrealized +99.6%

GOOG Alphabet Inc Cap Stock Cl C 0.8%

Value ($000) $2,242 (+64.2%) Shares 7,145 (+27.5%) Est. Cost $214.82 Unrealized +33.3%

RHP Ryman Hospitality Properties I 1.1%

Value ($000) $2,871 (+23.0%) Shares 30,340 (+16.5%) Est. Cost $94.12 Unrealized —

FDX Fedex Corp 0.3%

Value ($000) $884 (+116.0%) Shares 3,060 (+76.4%) Est. Cost $236.60 Unrealized +10.5%

JNJ Johnson & Johnson 0.9%

Value ($000) $2,379 (+16.7%) Shares 11,497 (+4.6%) Est. Cost $146.87 Unrealized +34.1%

PR Permian Resources Corp Class A 0.4%

Value ($000) $1,047 (+45.8%) Shares 74,630 (+33.0%) Est. Cost $13.29 Unrealized +1.1%

EAT Brinker Intl Inc 0.2%

Value ($000) $560 (+135.8%) Shares 3,902 (+108.1%) Est. Cost $143.04 Unrealized -8.4%

ONON On Holding Ag Namen Akt A 0.3%

Value ($000) $888 (+56.0%) Shares 19,100 (+42.1%) Est. Cost $36.67 Unrealized +17.5%

UPS United Parcel Service Inc Cl B 0.6%

Value ($000) $1,546 (+25.3%) Shares 15,583 (+5.5%) Est. Cost $114.71 Unrealized -19.1%

TSM Taiwan Semiconductor Mfg Ltd S 1.0%

Value ($000) $2,772 (+11.6%) Shares 9,123 (+2.6%) Est. Cost $83.96 Unrealized —

AIOT Powerfleet Inc 0.2%

Value ($000) $487 (+113.4%) Shares 91,450 (+110.2%) Est. Cost $5.51 Unrealized -7.1%

MRP Millrose Properties Inc Cl A 1.2%

Value ($000) $3,357 (+8.2%) Shares 112,389 (+21.8%) Est. Cost $30.36 Unrealized —

BANC Banc Of California Inc 0.5%

Value ($000) $1,405 (+22.0%) Shares 72,825 (+4.7%) Est. Cost $13.91 Unrealized +28.3%

MRK Merck & Co Inc 0.4%

Value ($000) $1,123 (+27.3%) Shares 10,671 (+1.5%) Est. Cost $93.49 Unrealized -0.3%

HD Home Depot Inc 1.4%

Value ($000) $3,859 (-5.6%) Shares 11,214 (+11.2%) Est. Cost $307.95 Unrealized +18.4%

TFC Truist Financial Corp 0.3%

Value ($000) $711 (+45.5%) Shares 14,448 (+35.2%) Est. Cost $42.93 Unrealized +6.7%

RTX Rtx Corporation 0.2%

Value ($000) $607 (+40.7%) Shares 3,309 (+28.4%) Est. Cost $136.83 Unrealized +26.7%

CSWC Capital Southwest Corp 0.7%

Value ($000) $1,992 (+8.4%) Shares 89,911 (+7.0%) Est. Cost $18.51 Unrealized +10.5%

NFLX Netflix Inc 0.2%

Value ($000) $441 (-25.0%) Shares 4,700 (+859.2%) Est. Cost $103.89 Unrealized +3.8%

LUV Southwest Airlines Co 0.2%

Value ($000) $468 (+44.9%) Shares 11,325 (+11.9%) Est. Cost $25.89 Unrealized +34.4%

VRT Vertiv Holdings Co Cl A 0.3%

Value ($000) $829 (+11.1%) Shares 5,115 (+3.5%) Est. Cost $111.83 Unrealized +55.2%

MTZ Mastec Inc 0.7%

Value ($000) $1,815 (+4.6%) Shares 8,350 (+2.5%) Est. Cost $125.70 Unrealized +66.9%

GENI Genius Sports Ltd Npv 0.3%

Value ($000) $755 (-8.3%) Shares 68,500 (+3.0%) Est. Cost $11.33 Unrealized -3.7%

DKNG Draftkings Inc Cl A 1.4%

Value ($000) $3,839 (+1.7%) Shares 111,393 (+10.4%) Est. Cost $35.68 Unrealized -7.8%

TTWO Take-Two Interactive Software 0.2%

Value ($000) $470 (+15.5%) Shares 1,835 (+16.5%) Est. Cost $233.37 Unrealized +6.8%

AVGO Broadcom Inc 0.2%

Value ($000) $474 (+13.2%) Shares 1,370 (+7.9%) Est. Cost $172.53 Unrealized +106.9%

TSLA Tesla Inc 0.4%

Value ($000) $1,106 (+2.8%) Shares 2,460 (+1.7%) Est. Cost $323.04 Unrealized +37.2%

PLTR Palantir Technologies Inc Cl A 0.6%

Value ($000) $1,525 (+1.7%) Shares 8,578 (+4.4%) Est. Cost $88.28 Unrealized +105.1%

PEP Pepsico Inc 0.1%

Value ($000) $323 (+4.5%) Shares 2,252 (+2.3%) Est. Cost $149.15 Unrealized -2.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WHR	Whirlpool Corp	38,104 (+723.3%)	$2,749 (+655.6%)	1.0%	$77.08	-4.2%	COM	963320106
TPL	Texas Pacific Land Corporation	64,655 (+196.4%)	$18,570 (-8.8%)	6.9%	$258.59	+18.0%	COM	88262P102
FCX	Freeport-Mcmoran Inc Cl B	132,658 (+4.6%)	$6,738 (+35.4%)	2.5%	$40.09	+8.0%	COM	35671D857
MU	Micron Technology Inc	12,876 (+1.7%)	$3,675 (+73.6%)	1.4%	$68.67	+234.0%	COM	595112103
SN	Sharkninja Inc	39,960 (+26.4%)	$4,472 (+37.1%)	1.7%	$96.94	+1.7%	COM	G8068L108
UBER	Uber Technologies Inc	79,415 (+2.4%)	$6,489 (-14.6%)	2.4%	$45.11	+99.6%	COM	90353T100
GOOG	Alphabet Inc Cap Stock Cl C	7,145 (+27.5%)	$2,242 (+64.2%)	0.8%	$214.82	+33.3%	COM	02079K107
RHP	Ryman Hospitality Properties I	30,340 (+16.5%)	$2,871 (+23.0%)	1.1%	$94.12	—	COM	78377T107
FDX	Fedex Corp	3,060 (+76.4%)	$884 (+116.0%)	0.3%	$236.60	+10.5%	COM	31428X106
JNJ	Johnson & Johnson	11,497 (+4.6%)	$2,379 (+16.7%)	0.9%	$146.87	+34.1%	COM	478160104
PR	Permian Resources Corp Class A	74,630 (+33.0%)	$1,047 (+45.8%)	0.4%	$13.29	+1.1%	COM	71424F105
EAT	Brinker Intl Inc	3,902 (+108.1%)	$560 (+135.8%)	0.2%	$143.04	-8.4%	COM	109641100
ONON	On Holding Ag Namen Akt A	19,100 (+42.1%)	$888 (+56.0%)	0.3%	$36.67	+17.5%	COM	H5919C104
UPS	United Parcel Service Inc Cl B	15,583 (+5.5%)	$1,546 (+25.3%)	0.6%	$114.71	-19.1%	COM	911312106
TSM	Taiwan Semiconductor Mfg Ltd S	9,123 (+2.6%)	$2,772 (+11.6%)	1.0%	$83.96	—	ADR	874039100
AIOT	Powerfleet Inc	91,450 (+110.2%)	$487 (+113.4%)	0.2%	$5.51	-7.1%	COM	73931J109
MRP	Millrose Properties Inc Cl A	112,389 (+21.8%)	$3,357 (+8.2%)	1.2%	$30.36	—	COM	601137102
BANC	Banc Of California Inc	72,825 (+4.7%)	$1,405 (+22.0%)	0.5%	$13.91	+28.3%	COM	05990K106
MRK	Merck & Co Inc	10,671 (+1.5%)	$1,123 (+27.3%)	0.4%	$93.49	-0.3%	COM	58933Y105
HD	Home Depot Inc	11,214 (+11.2%)	$3,859 (-5.6%)	1.4%	$307.95	+18.4%	COM	437076102
TFC	Truist Financial Corp	14,448 (+35.2%)	$711 (+45.5%)	0.3%	$42.93	+6.7%	COM	89832Q109
RTX	Rtx Corporation	3,309 (+28.4%)	$607 (+40.7%)	0.2%	$136.83	+26.7%	COM	75513E101
CSWC	Capital Southwest Corp	89,911 (+7.0%)	$1,992 (+8.4%)	0.7%	$18.51	+10.5%	COM	140501107
NFLX	Netflix Inc	4,700 (+859.2%)	$441 (-25.0%)	0.2%	$103.89	+3.8%	COM	64110L106
LUV	Southwest Airlines Co	11,325 (+11.9%)	$468 (+44.9%)	0.2%	$25.89	+34.4%	COM	844741108
VRT	Vertiv Holdings Co Cl A	5,115 (+3.5%)	$829 (+11.1%)	0.3%	$111.83	+55.2%	COM	92537N108
MTZ	Mastec Inc	8,350 (+2.5%)	$1,815 (+4.6%)	0.7%	$125.70	+66.9%	COM	576323109
GENI	Genius Sports Ltd Npv	68,500 (+3.0%)	$755 (-8.3%)	0.3%	$11.33	-3.7%	COM	G3934V109
DKNG	Draftkings Inc Cl A	111,393 (+10.4%)	$3,839 (+1.7%)	1.4%	$35.68	-7.8%	COM	26142V105
TTWO	Take-Two Interactive Software	1,835 (+16.5%)	$470 (+15.5%)	0.2%	$233.37	+6.8%	COM	874054109
AVGO	Broadcom Inc	1,370 (+7.9%)	$474 (+13.2%)	0.2%	$172.53	+106.9%	COM	11135F101
TSLA	Tesla Inc	2,460 (+1.7%)	$1,106 (+2.8%)	0.4%	$323.04	+37.2%	COM	88160R101
PLTR	Palantir Technologies Inc Cl A	8,578 (+4.4%)	$1,525 (+1.7%)	0.6%	$88.28	+105.1%	COM	69608A108
PEP	Pepsico Inc	2,252 (+2.3%)	$323 (+4.5%)	0.1%	$149.15	-2.2%	COM	713448108

Exited Positions (12)

SPOT Spotify Technology Sa 0.3%

Value ($000) $937 Shares 1,343 Est. Cost $620.21 Unrealized +0.8%

MTN Vail Resorts Inc 0.2%

Value ($000) $591 Shares 3,950 Est. Cost $162.74 Unrealized -9.6%

LIF Life360 Inc 0.2%

Value ($000) $489 Shares 4,600 Est. Cost $38.03 Unrealized +118.4%

VRNS Varonis Systems Inc 0.2%

Value ($000) $471 Shares 8,200 Est. Cost $55.48 Unrealized -24.3%

DVN Devon Energy Corp 0.1%

Value ($000) $337 Shares 9,623 Est. Cost $40.45 Unrealized -14.1%

GEV GE VERNOVA ORD 0.1%

Value ($000) $290 Shares 471 Est. Cost $415.97 Unrealized +46.4%

GNRC Generac Holdings Inc 0.1%

Value ($000) $243 Shares 1,450 Est. Cost $122.00 Unrealized +32.3%

FOUR Shift4 Pmts Inc Cl A 0.1%

Value ($000) $240 Shares 3,100 Est. Cost $61.07 Unrealized +15.7%

PG Procter And Gamble Co 0.1%

Value ($000) $225 Shares 1,465 Est. Cost $140.61 Unrealized +4.7%

FANG Diamondback Energy Inc 0.1%

Value ($000) $222 Shares 1,550 Est. Cost $144.29 Unrealized +1.9%

SNBR Sleep Number Corp 0.0%

Value ($000) $91 Shares 13,000 Est. Cost $8.76 Unrealized -27.8%

TTGPF Tt Electronics Plc 0.0%

Value ($000) $22 Shares 17,553 Est. Cost $1.14 Unrealized +47.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPOT	Spotify Technology Sa	1,343	$937	0.3%	$620.21	+0.8%	—	L8681T102
MTN	Vail Resorts Inc	3,950	$591	0.2%	$162.74	-9.6%	—	91879Q109
LIF	Life360 Inc	4,600	$489	0.2%	$38.03	+118.4%	—	532206109
VRNS	Varonis Systems Inc	8,200	$471	0.2%	$55.48	-24.3%	—	922280102
DVN	Devon Energy Corp	9,623	$337	0.1%	$40.45	-14.1%	—	25179M103
GEV	GE VERNOVA ORD	471	$290	0.1%	$415.97	+46.4%	—	36828A101
GNRC	Generac Holdings Inc	1,450	$243	0.1%	$122.00	+32.3%	—	368736104
FOUR	Shift4 Pmts Inc Cl A	3,100	$240	0.1%	$61.07	+15.7%	—	82452J109
PG	Procter And Gamble Co	1,465	$225	0.1%	$140.61	+4.7%	—	742718109
FANG	Diamondback Energy Inc	1,550	$222	0.1%	$144.29	+1.9%	—	25278X109
SNBR	Sleep Number Corp	13,000	$91	0.0%	$8.76	-27.8%	—	83125X103
TTGPF	Tt Electronics Plc	17,553	$22	0.0%	$1.14	+47.7%	—	G91159106

Decreased Positions (39)

ETD Ethan Allen Interiors Inc 0.4%

Value ($000) $1,006 (-71.1%) Shares 44,066 (-62.7%) Est. Cost $24.21 Unrealized +0.6%

LLY Eli Lilly & Co 2.3%

Value ($000) $6,183 (+36.3%) Shares 5,753 (-3.2%) Est. Cost $639.49 Unrealized +49.4%

META Meta Platforms Inc Cl A 2.1%

Value ($000) $5,591 (-16.4%) Shares 8,471 (-7.0%) Est. Cost $388.37 Unrealized +71.8%

WULF Terawulf Inc 0.8%

Value ($000) $2,068 (-31.4%) Shares 180,000 (-31.8%) Est. Cost $5.75 Unrealized +133.1%

VST Vistra Corp 0.9%

Value ($000) $2,536 (-26.0%) Shares 15,720 (-10.2%) Est. Cost $34.08 Unrealized +433.8%

MSFT Microsoft Corp 2.9%

Value ($000) $7,894 (-9.9%) Shares 16,322 (-3.5%) Est. Cost $311.16 Unrealized +60.9%

CAT Caterpillar Inc 2.1%

Value ($000) $5,551 (+17.6%) Shares 9,690 (-2.0%) Est. Cost $202.98 Unrealized +173.7%

HPE Hewlett Packard Enterprise Co 0.4%

Value ($000) $956 (-40.3%) Shares 39,802 (-38.9%) Est. Cost $19.94 Unrealized +17.5%

NVDA Nvidia Corporation 14.2%

Value ($000) $38,176 (-1.6%) Shares 204,696 (-1.6%) Est. Cost $94.84 Unrealized +96.3%

EXP Eagle Materials Inc 1.2%

Value ($000) $3,244 (-15.5%) Shares 15,698 (-4.8%) Est. Cost $199.81 Unrealized +10.4%

CLF Cleveland-Cliffs Inc 1.2%

Value ($000) $3,238 (-10.3%) Shares 243,800 (-17.6%) Est. Cost $12.40 Unrealized +1.8%

T At&T Inc 0.7%

Value ($000) $1,890 (-16.0%) Shares 76,093 (-4.5%) Est. Cost $14.69 Unrealized +72.1%

AMZN Amazon.Com Inc 3.4%

Value ($000) $9,234 (+4.0%) Shares 40,006 (-1.0%) Est. Cost $168.87 Unrealized +35.5%

RH Rh 0.2%

Value ($000) $479 (-40.7%) Shares 2,675 (-32.7%) Est. Cost $194.84 Unrealized -12.2%

COST Costco Wholesale Corp 0.8%

Value ($000) $2,157 (-12.2%) Shares 2,502 (-5.8%) Est. Cost $403.75 Unrealized +124.3%

C Citigroup Inc New 1.1%

Value ($000) $3,051 (+10.1%) Shares 26,144 (-4.2%) Est. Cost $67.77 Unrealized +52.9%

XOM Exxon Mobile Corp 2.1%

Value ($000) $5,611 (+4.5%) Shares 46,624 (-2.1%) Est. Cost $81.61 Unrealized +41.5%

XEL Xcel Energy Inc Com 0.7%

Value ($000) $1,753 (-11.4%) Shares 23,736 (-3.2%) Est. Cost $55.45 Unrealized +41.2%

ORCL Oracle Corp 0.2%

Value ($000) $409 (-33.8%) Shares 2,100 (-4.5%) Est. Cost $107.45 Unrealized +121.5%

VZ Verizon Communications Inc 0.4%

Value ($000) $993 (-17.2%) Shares 24,370 (-10.7%) Est. Cost $31.55 Unrealized +28.3%

KEX Kirby Corp 1.1%

Value ($000) $2,886 (-5.3%) Shares 26,190 (-28.3%) Est. Cost $103.58 Unrealized -1.9%

AMGN Amgen Inc 0.5%

Value ($000) $1,326 (+13.2%) Shares 4,053 (-2.4%) Est. Cost $253.46 Unrealized +24.7%

MTDR Matador Resources Co 0.1%

Value ($000) $393 (-26.8%) Shares 9,260 (-22.5%) Est. Cost $56.59 Unrealized -25.8%

JPM Jpmorgan Chase & Co 1.6%

Value ($000) $4,243 (-2.6%) Shares 13,167 (-4.7%) Est. Cost $120.91 Unrealized +156.0%

WMT Wal-Mart Inc 1.2%

Value ($000) $3,147 (+3.2%) Shares 28,250 (-4.6%) Est. Cost $56.86 Unrealized +88.5%

DUK Duke Energy Corp New 0.4%

Value ($000) $1,035 (-7.3%) Shares 8,827 (-2.1%) Est. Cost $84.22 Unrealized +44.3%

DELL Dell Technologies Inc Cl C 0.2%

Value ($000) $462 (-14.7%) Shares 3,670 (-3.9%) Est. Cost $127.88 Unrealized +10.1%

SCHW Charles Schwab Corp 0.4%

Value ($000) $1,089 (-6.2%) Shares 10,897 (-10.4%) Est. Cost $64.02 Unrealized +48.0%

COP Conocophillips 0.1%

Value ($000) $220 (-24.3%) Shares 2,348 (-23.5%) Est. Cost $93.93 Unrealized -4.2%

SO Southern Co 0.2%

Value ($000) $505 (-11.4%) Shares 5,795 (-3.7%) Est. Cost $63.89 Unrealized +42.3%

ATO Atmos Energy Corp 0.3%

Value ($000) $764 (-7.8%) Shares 4,559 (-6.1%) Est. Cost $106.60 Unrealized +61.6%

CVX Chevron Corp 0.1%

Value ($000) $251 (-15.9%) Shares 1,649 (-14.3%) Est. Cost $115.30 Unrealized +31.3%

EXE Expand Energy Corporation 1.1%

Value ($000) $3,056 (+1.5%) Shares 27,694 (-2.3%) Est. Cost $82.18 Unrealized +34.6%

IBM Intl Business Machines 0.6%

Value ($000) $1,484 (+2.9%) Shares 5,010 (-1.9%) Est. Cost $165.91 Unrealized +80.1%

KO Coca-Cola Co 0.3%

Value ($000) $728 (-4.0%) Shares 10,406 (-8.9%) Est. Cost $53.46 Unrealized +29.8%

MCD Mcdonalds Corp 0.1%

Value ($000) $367 (-7.2%) Shares 1,200 (-7.7%) Est. Cost $227.64 Unrealized +34.0%

AEP American Electric Power Co Inc 0.5%

Value ($000) $1,260 (+1.3%) Shares 10,923 (-1.1%) Est. Cost $75.97 Unrealized +54.9%

V Visa Inc Cl A 0.2%

Value ($000) $633 (-2.5%) Shares 1,805 (-5.1%) Est. Cost $345.72 Unrealized -1.5%

POWL Powell Industries Inc 0.4%

Value ($000) $1,084 (-0.5%) Shares 3,401 (-4.9%) Est. Cost $213.83 Unrealized +57.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETD	Ethan Allen Interiors Inc	44,066 (-62.7%)	$1,006 (-71.1%)	0.4%	$24.21	+0.6%	COM	297602104
LLY	Eli Lilly & Co	5,753 (-3.2%)	$6,183 (+36.3%)	2.3%	$639.49	+49.4%	COM	532457108
META	Meta Platforms Inc Cl A	8,471 (-7.0%)	$5,591 (-16.4%)	2.1%	$388.37	+71.8%	COM	30303M102
WULF	Terawulf Inc	180,000 (-31.8%)	$2,068 (-31.4%)	0.8%	$5.75	+133.1%	COM	88080T104
VST	Vistra Corp	15,720 (-10.2%)	$2,536 (-26.0%)	0.9%	$34.08	+433.8%	COM	92840M102
MSFT	Microsoft Corp	16,322 (-3.5%)	$7,894 (-9.9%)	2.9%	$311.16	+60.9%	COM	594918104
CAT	Caterpillar Inc	9,690 (-2.0%)	$5,551 (+17.6%)	2.1%	$202.98	+173.7%	COM	149123101
HPE	Hewlett Packard Enterprise Co	39,802 (-38.9%)	$956 (-40.3%)	0.4%	$19.94	+17.5%	COM	42824C109
NVDA	Nvidia Corporation	204,696 (-1.6%)	$38,176 (-1.6%)	14.2%	$94.84	+96.3%	COM	67066G104
EXP	Eagle Materials Inc	15,698 (-4.8%)	$3,244 (-15.5%)	1.2%	$199.81	+10.4%	COM	26969P108
CLF	Cleveland-Cliffs Inc	243,800 (-17.6%)	$3,238 (-10.3%)	1.2%	$12.40	+1.8%	COM	185899101
T	At&T Inc	76,093 (-4.5%)	$1,890 (-16.0%)	0.7%	$14.69	+72.1%	COM	00206R102
AMZN	Amazon.Com Inc	40,006 (-1.0%)	$9,234 (+4.0%)	3.4%	$168.87	+35.5%	COM	023135106
RH	Rh	2,675 (-32.7%)	$479 (-40.7%)	0.2%	$194.84	-12.2%	COM	74967X103
COST	Costco Wholesale Corp	2,502 (-5.8%)	$2,157 (-12.2%)	0.8%	$403.75	+124.3%	COM	22160K105
C	Citigroup Inc New	26,144 (-4.2%)	$3,051 (+10.1%)	1.1%	$67.77	+52.9%	COM	172967424
XOM	Exxon Mobile Corp	46,624 (-2.1%)	$5,611 (+4.5%)	2.1%	$81.61	+41.5%	COM	30231G102
XEL	Xcel Energy Inc Com	23,736 (-3.2%)	$1,753 (-11.4%)	0.7%	$55.45	+41.2%	COM	98389B100
ORCL	Oracle Corp	2,100 (-4.5%)	$409 (-33.8%)	0.2%	$107.45	+121.5%	COM	68389X105
VZ	Verizon Communications Inc	24,370 (-10.7%)	$993 (-17.2%)	0.4%	$31.55	+28.3%	COM	92343V104
KEX	Kirby Corp	26,190 (-28.3%)	$2,886 (-5.3%)	1.1%	$103.58	-1.9%	COM	497266106
AMGN	Amgen Inc	4,053 (-2.4%)	$1,326 (+13.2%)	0.5%	$253.46	+24.7%	COM	031162100
MTDR	Matador Resources Co	9,260 (-22.5%)	$393 (-26.8%)	0.1%	$56.59	-25.8%	COM	576485205
JPM	Jpmorgan Chase & Co	13,167 (-4.7%)	$4,243 (-2.6%)	1.6%	$120.91	+156.0%	COM	46625H100
WMT	Wal-Mart Inc	28,250 (-4.6%)	$3,147 (+3.2%)	1.2%	$56.86	+88.5%	COM	931142103
DUK	Duke Energy Corp New	8,827 (-2.1%)	$1,035 (-7.3%)	0.4%	$84.22	+44.3%	COM	26441C204
DELL	Dell Technologies Inc Cl C	3,670 (-3.9%)	$462 (-14.7%)	0.2%	$127.88	+10.1%	COM	24703L202
SCHW	Charles Schwab Corp	10,897 (-10.4%)	$1,089 (-6.2%)	0.4%	$64.02	+48.0%	COM	808513105
COP	Conocophillips	2,348 (-23.5%)	$220 (-24.3%)	0.1%	$93.93	-4.2%	COM	20825C104
SO	Southern Co	5,795 (-3.7%)	$505 (-11.4%)	0.2%	$63.89	+42.3%	COM	842587107
ATO	Atmos Energy Corp	4,559 (-6.1%)	$764 (-7.8%)	0.3%	$106.60	+61.6%	COM	049560105
CVX	Chevron Corp	1,649 (-14.3%)	$251 (-15.9%)	0.1%	$115.30	+31.3%	COM	166764100
EXE	Expand Energy Corporation	27,694 (-2.3%)	$3,056 (+1.5%)	1.1%	$82.18	+34.6%	COM	165167735
IBM	Intl Business Machines	5,010 (-1.9%)	$1,484 (+2.9%)	0.6%	$165.91	+80.1%	COM	459200101
KO	Coca-Cola Co	10,406 (-8.9%)	$728 (-4.0%)	0.3%	$53.46	+29.8%	COM	191216100
MCD	Mcdonalds Corp	1,200 (-7.7%)	$367 (-7.2%)	0.1%	$227.64	+34.0%	COM	580135101
AEP	American Electric Power Co Inc	10,923 (-1.1%)	$1,260 (+1.3%)	0.5%	$75.97	+54.9%	COM	025537101
V	Visa Inc Cl A	1,805 (-5.1%)	$633 (-2.5%)	0.2%	$345.72	-1.5%	COM	92826C839
POWL	Powell Industries Inc	3,401 (-4.9%)	$1,084 (-0.5%)	0.4%	$213.83	+57.4%	COM	739128106

Unchanged Positions (28)

AAPL Apple Inc 6.9%

Value ($000) $18,493 Shares 68,024 Est. Cost $179.24 Unrealized +49.7%

CMC Commercial Metals Co 0.6%

Value ($000) $1,618 Shares 23,382 Est. Cost $47.91 Unrealized +30.2%

GEO Geo Group Inc 0.4%

Value ($000) $1,023 Shares 63,470 Est. Cost $24.03 Unrealized -30.6%

CRS Carpenter Technology Corp 0.4%

Value ($000) $960 Shares 3,050 Est. Cost $199.14 Unrealized +50.9%

AXP American Express Co 0.7%

Value ($000) $1,776 Shares 4,799 Est. Cost $156.57 Unrealized +128.0%

WFC Wells Fargo Co 0.7%

Value ($000) $1,844 Shares 19,786 Est. Cost $59.14 Unrealized +46.5%

BAC Bank Of America Corp 0.7%

Value ($000) $1,984 Shares 36,070 Est. Cost $27.61 Unrealized +90.7%

BX Blackstone Inc 0.4%

Value ($000) $988 Shares 6,410 Est. Cost $102.08 Unrealized +48.4%

GS Goldman Sachs Group Inc 0.4%

Value ($000) $1,099 Shares 1,250 Est. Cost $319.17 Unrealized +154.8%

UNH Unitedhealth Group Inc 0.9%

Value ($000) $2,538 Shares 7,687 Est. Cost $298.94 Unrealized +12.8%

MS Morgan Stanley 0.3%

Value ($000) $899 Shares 5,062 Est. Cost $79.79 Unrealized +108.6%

ABBV Abbvie Inc 1.4%

Value ($000) $3,708 Shares 16,226 Est. Cost $111.57 Unrealized +103.9%

OKE Oneok Inc 2.0%

Value ($000) $5,411 Shares 73,613 Est. Cost $58.08 Unrealized +21.3%

BA Boeing Co 2.6%

Value ($000) $6,881 Shares 31,692 Est. Cost $205.00 Unrealized +0.3%

PANW Palo Alto Networks Inc 0.2%

Value ($000) $472 Shares 2,560 Est. Cost $162.11 Unrealized +24.5%

URI United Rentals Inc 0.1%

Value ($000) $243 Shares 300 Est. Cost $462.72 Unrealized +87.4%

ETN Eaton Corp Plc 0.1%

Value ($000) $248 Shares 780 Est. Cost $306.71 Unrealized +15.5%

HR Healthcare Realty Trust Cl A 0.2%

Value ($000) $566 Shares 33,405 Est. Cost $5.05 Unrealized —

HON Honeywell Intl Inc 0.2%

Value ($000) $458 Shares 2,350 Est. Cost $172.33 Unrealized +13.2%

MMM 3M Co 0.4%

Value ($000) $997 Shares 6,230 Est. Cost $79.69 Unrealized +104.8%

AEE Ameren Corp 0.2%

Value ($000) $521 Shares 5,215 Est. Cost $70.51 Unrealized +44.6%

TXN Texas Instruments Inc 0.1%

Value ($000) $280 Shares 1,612 Est. Cost $133.52 Unrealized +27.9%

LMT Lockheed Martin Corp 0.1%

Value ($000) $278 Shares 575 Est. Cost $463.44 Unrealized +2.7%

SPG Simon Property Group Inc 0.2%

Value ($000) $574 Shares 3,100 Est. Cost $112.60 Unrealized +59.9%

GE Ge Aerospace 0.1%

Value ($000) $273 Shares 887 Est. Cost $218.59 Unrealized +37.6%

BRK/A Berkshire Hathaway Inc Cl A 0.3%

Value ($000) $755 Shares 1 Est. Cost $533852.10 Unrealized +39.8%

CFR Cullen Frost Bankers Inc 0.2%

Value ($000) $415 Shares 3,278 Est. Cost $93.05 Unrealized +34.1%

BRK/B Berkshire Hathaway Inc Cl B Ne 0.2%

Value ($000) $654 Shares 1,302 Est. Cost $265.37 Unrealized +87.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple Inc	68,024	$18,493	6.9%	$179.24	+49.7%	COM	037833100
CMC	Commercial Metals Co	23,382	$1,618	0.6%	$47.91	+30.2%	COM	201723103
GEO	Geo Group Inc	63,470	$1,023	0.4%	$24.03	-30.6%	COM	36162J106
CRS	Carpenter Technology Corp	3,050	$960	0.4%	$199.14	+50.9%	COM	144285103
AXP	American Express Co	4,799	$1,776	0.7%	$156.57	+128.0%	COM	025816109
WFC	Wells Fargo Co	19,786	$1,844	0.7%	$59.14	+46.5%	COM	949746101
BAC	Bank Of America Corp	36,070	$1,984	0.7%	$27.61	+90.7%	COM	060505104
BX	Blackstone Inc	6,410	$988	0.4%	$102.08	+48.4%	COM	09260D107
GS	Goldman Sachs Group Inc	1,250	$1,099	0.4%	$319.17	+154.8%	COM	38141G104
UNH	Unitedhealth Group Inc	7,687	$2,538	0.9%	$298.94	+12.8%	COM	91324P102
MS	Morgan Stanley	5,062	$899	0.3%	$79.79	+108.6%	COM	617446448
ABBV	Abbvie Inc	16,226	$3,708	1.4%	$111.57	+103.9%	COM	00287Y109
OKE	Oneok Inc	73,613	$5,411	2.0%	$58.08	+21.3%	COM	682680103
BA	Boeing Co	31,692	$6,881	2.6%	$205.00	+0.3%	COM	097023105
PANW	Palo Alto Networks Inc	2,560	$472	0.2%	$162.11	+24.5%	COM	697435105
URI	United Rentals Inc	300	$243	0.1%	$462.72	+87.4%	COM	911363109
ETN	Eaton Corp Plc	780	$248	0.1%	$306.71	+15.5%	COM	G29183103
HR	Healthcare Realty Trust Cl A	33,405	$566	0.2%	$5.05	—	COM	42226K105
HON	Honeywell Intl Inc	2,350	$458	0.2%	$172.33	+13.2%	COM	438516106
MMM	3M Co	6,230	$997	0.4%	$79.69	+104.8%	COM	88579Y101
AEE	Ameren Corp	5,215	$521	0.2%	$70.51	+44.6%	COM	023608102
TXN	Texas Instruments Inc	1,612	$280	0.1%	$133.52	+27.9%	COM	882508104
LMT	Lockheed Martin Corp	575	$278	0.1%	$463.44	+2.7%	COM	539830109
SPG	Simon Property Group Inc	3,100	$574	0.2%	$112.60	+59.9%	COM	828806109
GE	Ge Aerospace	887	$273	0.1%	$218.59	+37.6%	COM	369604301
BRK/A	Berkshire Hathaway Inc Cl A	1	$755	0.3%	$533852.10	+39.8%	COM	084670108
CFR	Cullen Frost Bankers Inc	3,278	$415	0.2%	$93.05	+34.1%	COM	229899109
BRK/B	Berkshire Hathaway Inc Cl B Ne	1,302	$654	0.2%	$265.37	+87.5%	COM	084670702