Oxbow Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UL	UNILEVER PLC	116,901	$7,645	0.7%	$65.40	—	SPON ADR NEW	904767803
BHP	BHP GROUP LTD	119,974	$7,243	0.6%	$60.37	—	SPONSORED ADS	088606108
GSK	GSK PLC	142,798	$7,003	0.6%	$49.04	—	SPONSORED ADR	37733W204
PRU	PRUDENTIAL FINL INC	57,985	$6,545	0.6%	$106.51	0.0%	COM	744320102
BBY	BEST BUY INC	94,051	$6,295	0.6%	$75.46	0.0%	COM	086516101
UBER	UBER TECHNOLOGIES INC	72,956	$5,961	0.5%	$90.05	0.0%	COM	90353T100
AR	ANTERO RESOURCES CORP	146,351	$5,043	0.4%	$33.87	0.0%	COM	03674X106
PBR	PETROLEO BRASILEIRO SA PETRO	418,136	$4,955	0.4%	$11.85	—	SPONSORED ADR	71654V408
LYB	LYONDELLBASELL INDUSTRIES N	106,596	$4,616	0.4%	$44.45	0.0%	SHS - A -	N53745100
NESR	NATIONAL ENERGY SERVICES REU	261,910	$4,102	0.4%	$13.12	0.0%	SHS	G6375R107
ZM	ZOOM COMMUNICATIONS INC	38,343	$3,309	0.3%	$84.17	0.0%	CL A	98980L101
PRI	PRIMERICA INC	12,270	$3,170	0.3%	$260.86	0.0%	COM	74164M108
GGG	GRACO INC	38,515	$3,157	0.3%	$81.95	0.0%	COM	384109104
DTE	DTE ENERGY CO	24,383	$3,145	0.3%	$134.80	0.0%	COM	233331107
ADM	ARCHER DANIELS MIDLAND CO	54,321	$3,123	0.3%	$59.48	0.0%	COM	039483102
DPZ	DOMINOS PIZZA INC	7,394	$3,082	0.3%	$415.46	0.0%	COM	25754A201
CHKP	CHECK POINT SOFTWARE TECH LT	16,220	$3,010	0.3%	$193.34	0.0%	ORD	M22465104
ADSK	AUTODESK INC	9,960	$2,948	0.3%	$302.56	0.0%	COM	052769106
ZS	ZSCALER INC	13,068	$2,939	0.3%	$282.25	0.0%	COM	98980G102
DGRW	WISDOMTREE TR	28,481	$2,547	0.2%	$89.43	—	US QTLY DIV GRT	97717X669
BUL	PACER FDS TR	24,468	$1,348	0.1%	$55.09	—	US CHS CWS GWT	69374H667
UNH	UNITEDHEALTH GROUP INC	2,198	$726	0.1%	$337.21	0.0%	COM	91324P102
LUV	SOUTHWEST AIRLS CO	12,706	$525	0.0%	$34.79	0.0%	COM	844741108
TGT	TARGET CORP	4,232	$414	0.0%	$91.63	0.0%	COM	87612E106
MICC	MAGNUM ICE CREAM CO NV	25,964	$412	0.0%	$15.68	0.0%	ORD SHS	N5505D105
BA	BOEING CO	1,565	$340	0.0%	$205.66	0.0%	COM	097023105
FCG	FIRST TR EXCHANGE-TRADED FD	12,553	$294	0.0%	$23.41	—	NAT GAS ETF	33733E807
ARLP	ALLIANCE RESOURCE PARTNERS L	11,695	$272	0.0%	$23.23	—	UT LTD PART	01877R108
WFC	WELLS FARGO CO NEW	2,707	$252	0.0%	$86.63	0.0%	COM	949746101
COPX	GLOBAL X FDS	3,350	$240	0.0%	$71.79	—	GLOBAL X COPPER	37954Y830
RING	ISHARES INC	3,227	$238	0.0%	$73.64	—	MSCI GBL GOLD MN	46434G855
SA	SEABRIDGE GOLD INC	7,935	$235	0.0%	$26.29	0.0%	COM	811916105
TRGP	TARGA RES CORP	1,162	$214	0.0%	$168.08	0.0%	COM	87612G101
AMAT	APPLIED MATLS INC	800	$206	0.0%	$239.49	0.0%	COM	038222105
DHR	DANAHER CORPORATION	885	$203	0.0%	$219.54	0.0%	COM	235851102
VYM	VANGUARD WHITEHALL FDS	1,397	$200	0.0%	$143.52	—	HIGH DIV YLD	921946406
—	PIMCO DYNAMIC INCOME FD	10,075	$178	0.0%	$17.71	—	SHS	72201Y101

Increased Positions (65)

SLV ISHARES SILVER TR 1.7%

Value ($000) $18,965 (+57.7%) Shares 294,396 (+3.7%) Est. Cost $32.76 Unrealized —

INTU INTUIT 1.1%

Value ($000) $12,663 (+114.2%) Shares 19,116 (+120.8%) Est. Cost $687.30 Unrealized -3.9%

UAN CVR PARTNERS LP 0.6%

Value ($000) $6,768 (+2788.5%) Shares 66,030 (+2439.6%) Est. Cost $101.41 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.7%

Value ($000) $7,879 (+339.7%) Shares 30,630 (+401.7%) Est. Cost $233.34 Unrealized +13.5%

BKNG BOOKING HOLDINGS INC 0.9%

Value ($000) $10,744 (+86.3%) Shares 2,006 (+87.8%) Est. Cost $4408.53 Unrealized +16.5%

MELI MERCADOLIBRE INC 0.4%

Value ($000) $4,516 (+1706.0%) Shares 2,242 (+1995.3%) Est. Cost $2094.95 Unrealized +0.3%

UGI UGI CORP NEW 1.0%

Value ($000) $11,526 (+56.6%) Shares 307,934 (+39.2%) Est. Cost $27.33 Unrealized +29.6%

ABNB AIRBNB INC 0.6%

Value ($000) $6,842 (+149.1%) Shares 50,414 (+122.9%) Est. Cost $126.70 Unrealized -1.7%

ACGL ARCH CAP GROUP LTD 0.7%

Value ($000) $8,085 (+94.2%) Shares 84,290 (+83.7%) Est. Cost $94.82 Unrealized -3.5%

LNG CHENIERE ENERGY INC 0.9%

Value ($000) $9,738 (+64.7%) Shares 50,096 (+99.1%) Est. Cost $186.18 Unrealized +12.8%

HL HECLA MNG CO 0.7%

Value ($000) $8,513 (+63.8%) Shares 443,630 (+3.3%) Est. Cost $8.14 Unrealized +87.6%

BMY BRISTOL-MYERS SQUIBB CO 0.9%

Value ($000) $9,684 (+49.3%) Shares 179,524 (+24.9%) Est. Cost $45.91 Unrealized +3.5%

SHY ISHARES TR 0.3%

Value ($000) $3,622 (+537.5%) Shares 43,739 (+538.5%) Est. Cost $82.76 Unrealized —

FNV FRANCO NEV CORP 0.6%

Value ($000) $7,324 (+63.7%) Shares 35,332 (+76.0%) Est. Cost $189.96 Unrealized +6.8%

LNC LINCOLN NATL CORP IND 0.9%

Value ($000) $10,296 (+34.8%) Shares 231,208 (+22.1%) Est. Cost $33.28 Unrealized +23.7%

NTR NUTRIEN LTD 0.8%

Value ($000) $8,825 (+42.2%) Shares 142,981 (+35.2%) Est. Cost $50.74 Unrealized +16.0%

TFLO ISHARES TR 0.7%

Value ($000) $7,462 (+49.6%) Shares 147,889 (+50.0%) Est. Cost $50.56 Unrealized —

VRSN VERISIGN INC 0.6%

Value ($000) $6,563 (+58.1%) Shares 27,014 (+81.9%) Est. Cost $212.33 Unrealized +18.1%

EPD ENTERPRISE PRODS PARTNERS L 3.7%

Value ($000) $42,610 (+5.6%) Shares 1,329,085 (+3.0%) Est. Cost $24.25 Unrealized —

VICI VICI PPTYS INC 0.6%

Value ($000) $6,671 (+51.3%) Shares 237,231 (+75.4%) Est. Cost $29.41 Unrealized -0.4%

MPLX MPLX LP 1.9%

Value ($000) $21,624 (+10.0%) Shares 405,174 (+3.0%) Est. Cost $36.68 Unrealized —

VALE VALE S A 0.6%

Value ($000) $7,125 (+32.0%) Shares 546,782 (+10.0%) Est. Cost $10.25 Unrealized —

MCO MOODYS CORP 1.5%

Value ($000) $17,396 (+10.8%) Shares 34,053 (+3.3%) Est. Cost $311.40 Unrealized +56.5%

MOS MOSAIC CO NEW 0.4%

Value ($000) $4,588 (-25.0%) Shares 190,470 (+8.0%) Est. Cost $27.58 Unrealized -3.0%

GLD SPDR GOLD TR 0.7%

Value ($000) $7,575 (+23.0%) Shares 19,114 (+10.3%) Est. Cost $205.22 Unrealized —

RIO RIO TINTO PLC 0.5%

Value ($000) $5,444 (+28.0%) Shares 68,026 (+5.6%) Est. Cost $59.96 Unrealized —

REGN REGENERON PHARMACEUTICALS 0.4%

Value ($000) $4,112 (+39.4%) Shares 5,327 (+1.5%) Est. Cost $565.99 Unrealized +19.9%

AMLP ALPS ETF TR 0.9%

Value ($000) $10,639 (+12.0%) Shares 226,260 (+11.8%) Est. Cost $47.92 Unrealized —

NOW SERVICENOW INC 0.5%

Value ($000) $5,253 (-17.2%) Shares 34,291 (+397.5%) Est. Cost $155.88 Unrealized +10.0%

JPST J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $3,899 (+30.3%) Shares 77,063 (+30.6%) Est. Cost $50.60 Unrealized —

PAGP PLAINS GP HLDGS L P 0.6%

Value ($000) $6,853 (+13.5%) Shares 358,030 (+8.2%) Est. Cost $12.82 Unrealized —

APA APA CORPORATION 1.0%

Value ($000) $11,148 (+7.1%) Shares 455,752 (+6.3%) Est. Cost $17.29 Unrealized +39.5%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $9,370 (+7.9%) Shares 77,863 (+1.1%) Est. Cost $82.62 Unrealized +39.8%

WDAY WORKDAY INC 0.5%

Value ($000) $5,756 (-9.6%) Shares 26,798 (+1.4%) Est. Cost $231.16 Unrealized -1.7%

AMGN AMGEN INC 0.3%

Value ($000) $3,803 (+18.8%) Shares 11,618 (+2.5%) Est. Cost $280.29 Unrealized +12.7%

GIL GILDAN ACTIVEWEAR INC 0.5%

Value ($000) $5,603 (+10.0%) Shares 89,707 (+1.8%) Est. Cost $53.53 Unrealized +11.1%

NFLX NETFLIX INC 0.0%

Value ($000) $321 (-59.2%) Shares 3,420 (+421.3%) Est. Cost $94.98 Unrealized +13.5%

RPRX ROYALTY PHARMA PLC 0.3%

Value ($000) $3,335 (+11.6%) Shares 86,318 (+1.9%) Est. Cost $36.24 Unrealized +5.2%

PSLV SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $866 (+56.7%) Shares 36,613 (+4.0%) Est. Cost $8.68 Unrealized —

— CLEARBRIDGE ENERGY MIDSTRM O 0.2%

Value ($000) $2,611 (+12.2%) Shares 58,484 (+12.9%) Est. Cost $42.48 Unrealized —

ET ENERGY TRANSFER L P 0.8%

Value ($000) $8,539 (+3.1%) Shares 517,821 (+7.3%) Est. Cost $15.20 Unrealized —

CCK CROWN HLDGS INC 0.3%

Value ($000) $3,101 (+8.8%) Shares 30,120 (+2.0%) Est. Cost $99.89 Unrealized -2.6%

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $2,466 (+10.4%) Shares 3,933 (+7.8%) Est. Cost $337.39 Unrealized —

— BOEING CO 1.4%

Value ($000) $15,661 (+1.4%) Shares 226,779 (+2.1%) Est. Cost $61.05 Unrealized —

ORCL ORACLE CORP 0.0%

Value ($000) $526 (-28.1%) Shares 2,697 (+3.8%) Est. Cost $99.79 Unrealized +138.5%

CVX CHEVRON CORP NEW 1.2%

Value ($000) $13,295 (+1.4%) Shares 87,234 (+3.3%) Est. Cost $130.54 Unrealized +16.0%

PHYS SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $1,330 (+14.8%) Shares 40,275 (+2.9%) Est. Cost $21.08 Unrealized —

VTS VITESSE ENERGY INC 0.1%

Value ($000) $701 (+25.2%) Shares 36,371 (+51.0%) Est. Cost $22.11 Unrealized -3.5%

LQD ISHARES TR 0.0%

Value ($000) $497 (+38.3%) Shares 4,511 (+39.9%) Est. Cost $111.10 Unrealized —

DSMC ETF SER SOLUTIONS 0.1%

Value ($000) $1,040 (+11.9%) Shares 29,317 (+13.1%) Est. Cost $34.69 Unrealized —

MRK MERCK & CO INC 0.0%

Value ($000) $346 (+42.8%) Shares 3,283 (+13.9%) Est. Cost $82.50 Unrealized +13.0%

HD HOME DEPOT INC 0.1%

Value ($000) $873 (-10.1%) Shares 2,537 (+5.9%) Est. Cost $259.85 Unrealized +40.3%

PEP PEPSICO INC 0.1%

Value ($000) $1,468 (+5.8%) Shares 10,225 (+3.5%) Est. Cost $84.89 Unrealized +71.9%

CSCO CISCO SYS INC 0.1%

Value ($000) $602 (+14.8%) Shares 7,819 (+2.0%) Est. Cost $42.41 Unrealized +74.0%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $1,510 (-3.6%) Shares 10,537 (+3.3%) Est. Cost $75.35 Unrealized +95.3%

GE GE AEROSPACE 0.0%

Value ($000) $328 (+19.2%) Shares 1,064 (+16.4%) Est. Cost $230.18 Unrealized +30.7%

MTDR MATADOR RES CO 0.6%

Value ($000) $6,476 (+0.7%) Shares 152,590 (+6.6%) Est. Cost $44.02 Unrealized -4.6%

TPL TEXAS PACIFIC LAND CORPORATI 0.0%

Value ($000) $411 (-7.7%) Shares 1,431 (+200.0%) Est. Cost $260.86 Unrealized +16.9%

EXE EXPAND ENERGY CORPORATION 0.0%

Value ($000) $442 (+6.3%) Shares 4,008 (+2.3%) Est. Cost $89.73 Unrealized +23.3%

UNP UNION PAC CORP 0.3%

Value ($000) $3,617 (-0.5%) Shares 15,635 (+1.7%) Est. Cost $223.22 Unrealized +1.8%

VLO VALERO ENERGY CORP 0.0%

Value ($000) $379 (+5.0%) Shares 2,331 (+9.8%) Est. Cost $90.90 Unrealized +85.7%

VUG VANGUARD INDEX FDS 0.0%

Value ($000) $522 (+3.2%) Shares 1,070 (+1.4%) Est. Cost $260.81 Unrealized —

IEI ISHARES TR 0.0%

Value ($000) $256 (+4.8%) Shares 2,146 (+4.9%) Est. Cost $119.15 Unrealized —

RSG REPUBLIC SVCS INC 0.0%

Value ($000) $536 (-2.0%) Shares 2,527 (+6.1%) Est. Cost $52.76 Unrealized +306.7%

— ADVENT CONV & INCOME FD 0.0%

Value ($000) $184 (+0.7%) Shares 14,696 (+2.8%) Est. Cost $16.61 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLV	ISHARES SILVER TR	294,396 (+3.7%)	$18,965 (+57.7%)	1.7%	$32.76	—	ISHARES	46428Q109
INTU	INTUIT	19,116 (+120.8%)	$12,663 (+114.2%)	1.1%	$687.30	-3.9%	COM	461202103
UAN	CVR PARTNERS LP	66,030 (+2439.6%)	$6,768 (+2788.5%)	0.6%	$101.41	—	COM	126633205
ADP	AUTOMATIC DATA PROCESSING IN	30,630 (+401.7%)	$7,879 (+339.7%)	0.7%	$233.34	+13.5%	COM	053015103
BKNG	BOOKING HOLDINGS INC	2,006 (+87.8%)	$10,744 (+86.3%)	0.9%	$4408.53	+16.5%	COM	09857L108
MELI	MERCADOLIBRE INC	2,242 (+1995.3%)	$4,516 (+1706.0%)	0.4%	$2094.95	+0.3%	COM	58733R102
UGI	UGI CORP NEW	307,934 (+39.2%)	$11,526 (+56.6%)	1.0%	$27.33	+29.6%	COM	902681105
ABNB	AIRBNB INC	50,414 (+122.9%)	$6,842 (+149.1%)	0.6%	$126.70	-1.7%	COM CL A	009066101
ACGL	ARCH CAP GROUP LTD	84,290 (+83.7%)	$8,085 (+94.2%)	0.7%	$94.82	-3.5%	ORD	G0450A105
LNG	CHENIERE ENERGY INC	50,096 (+99.1%)	$9,738 (+64.7%)	0.9%	$186.18	+12.8%	COM NEW	16411R208
HL	HECLA MNG CO	443,630 (+3.3%)	$8,513 (+63.8%)	0.7%	$8.14	+87.6%	COM	422704106
BMY	BRISTOL-MYERS SQUIBB CO	179,524 (+24.9%)	$9,684 (+49.3%)	0.9%	$45.91	+3.5%	COM	110122108
SHY	ISHARES TR	43,739 (+538.5%)	$3,622 (+537.5%)	0.3%	$82.76	—	1 3 YR TREAS BD	464287457
FNV	FRANCO NEV CORP	35,332 (+76.0%)	$7,324 (+63.7%)	0.6%	$189.96	+6.8%	COM	351858105
LNC	LINCOLN NATL CORP IND	231,208 (+22.1%)	$10,296 (+34.8%)	0.9%	$33.28	+23.7%	COM	534187109
NTR	NUTRIEN LTD	142,981 (+35.2%)	$8,825 (+42.2%)	0.8%	$50.74	+16.0%	COM	67077M108
TFLO	ISHARES TR	147,889 (+50.0%)	$7,462 (+49.6%)	0.7%	$50.56	—	TRS FLT RT BD	46434V860
VRSN	VERISIGN INC	27,014 (+81.9%)	$6,563 (+58.1%)	0.6%	$212.33	+18.1%	COM	92343E102
EPD	ENTERPRISE PRODS PARTNERS L	1,329,085 (+3.0%)	$42,610 (+5.6%)	3.7%	$24.25	—	COM	293792107
VICI	VICI PPTYS INC	237,231 (+75.4%)	$6,671 (+51.3%)	0.6%	$29.41	-0.4%	COM	925652109
MPLX	MPLX LP	405,174 (+3.0%)	$21,624 (+10.0%)	1.9%	$36.68	—	COM UNIT REP LTD	55336V100
VALE	VALE S A	546,782 (+10.0%)	$7,125 (+32.0%)	0.6%	$10.25	—	SPONSORED ADS	91912E105
MCO	MOODYS CORP	34,053 (+3.3%)	$17,396 (+10.8%)	1.5%	$311.40	+56.5%	COM	615369105
MOS	MOSAIC CO NEW	190,470 (+8.0%)	$4,588 (-25.0%)	0.4%	$27.58	-3.0%	COM	61945C103
GLD	SPDR GOLD TR	19,114 (+10.3%)	$7,575 (+23.0%)	0.7%	$205.22	—	GOLD SHS	78463V107
RIO	RIO TINTO PLC	68,026 (+5.6%)	$5,444 (+28.0%)	0.5%	$59.96	—	SPONSORED ADR	767204100
REGN	REGENERON PHARMACEUTICALS	5,327 (+1.5%)	$4,112 (+39.4%)	0.4%	$565.99	+19.9%	COM	75886F107
AMLP	ALPS ETF TR	226,260 (+11.8%)	$10,639 (+12.0%)	0.9%	$47.92	—	ALERIAN MLP	00162Q452
NOW	SERVICENOW INC	34,291 (+397.5%)	$5,253 (-17.2%)	0.5%	$155.88	+10.0%	COM	81762P102
JPST	J P MORGAN EXCHANGE TRADED F	77,063 (+30.6%)	$3,899 (+30.3%)	0.3%	$50.60	—	ULTRA SHRT ETF	46641Q837
PAGP	PLAINS GP HLDGS L P	358,030 (+8.2%)	$6,853 (+13.5%)	0.6%	$12.82	—	LTD PARTNR INT A	72651A207
APA	APA CORPORATION	455,752 (+6.3%)	$11,148 (+7.1%)	1.0%	$17.29	+39.5%	COM	03743Q108
XOM	EXXON MOBIL CORP	77,863 (+1.1%)	$9,370 (+7.9%)	0.8%	$82.62	+39.8%	COM	30231G102
WDAY	WORKDAY INC	26,798 (+1.4%)	$5,756 (-9.6%)	0.5%	$231.16	-1.7%	CL A	98138H101
AMGN	AMGEN INC	11,618 (+2.5%)	$3,803 (+18.8%)	0.3%	$280.29	+12.7%	COM	031162100
GIL	GILDAN ACTIVEWEAR INC	89,707 (+1.8%)	$5,603 (+10.0%)	0.5%	$53.53	+11.1%	COM	375916103
NFLX	NETFLIX INC	3,420 (+421.3%)	$321 (-59.2%)	0.0%	$94.98	+13.5%	COM	64110L106
RPRX	ROYALTY PHARMA PLC	86,318 (+1.9%)	$3,335 (+11.6%)	0.3%	$36.24	+5.2%	SHS CLASS A	G7709Q104
PSLV	SPROTT ASSET MANAGEMENT LP	36,613 (+4.0%)	$866 (+56.7%)	0.1%	$8.68	—	PHYSICAL SILVER	85207K107
—	CLEARBRIDGE ENERGY MIDSTRM O	58,484 (+12.9%)	$2,611 (+12.2%)	0.2%	$42.48	—	COM	18469P209
ET	ENERGY TRANSFER L P	517,821 (+7.3%)	$8,539 (+3.1%)	0.8%	$15.20	—	COM UT LTD PTN	29273V100
CCK	CROWN HLDGS INC	30,120 (+2.0%)	$3,101 (+8.8%)	0.3%	$99.89	-2.6%	COM	228368106
VOO	VANGUARD INDEX FDS	3,933 (+7.8%)	$2,466 (+10.4%)	0.2%	$337.39	—	S&P 500 ETF SHS	922908363
—	BOEING CO	226,779 (+2.1%)	$15,661 (+1.4%)	1.4%	$61.05	—	DEP CONV PFD A	097023204
ORCL	ORACLE CORP	2,697 (+3.8%)	$526 (-28.1%)	0.0%	$99.79	+138.5%	COM	68389X105
CVX	CHEVRON CORP NEW	87,234 (+3.3%)	$13,295 (+1.4%)	1.2%	$130.54	+16.0%	COM	166764100
PHYS	SPROTT ASSET MANAGEMENT LP	40,275 (+2.9%)	$1,330 (+14.8%)	0.1%	$21.08	—	PHYSICAL GOLD TR	85207H104
VTS	VITESSE ENERGY INC	36,371 (+51.0%)	$701 (+25.2%)	0.1%	$22.11	-3.5%	COMMON STOCK	92852X103
LQD	ISHARES TR	4,511 (+39.9%)	$497 (+38.3%)	0.0%	$111.10	—	IBOXX INV CP ETF	464287242
DSMC	ETF SER SOLUTIONS	29,317 (+13.1%)	$1,040 (+11.9%)	0.1%	$34.69	—	DISTILLATE SMLMD	26922B667
MRK	MERCK & CO INC	3,283 (+13.9%)	$346 (+42.8%)	0.0%	$82.50	+13.0%	COM	58933Y105
HD	HOME DEPOT INC	2,537 (+5.9%)	$873 (-10.1%)	0.1%	$259.85	+40.3%	COM	437076102
PEP	PEPSICO INC	10,225 (+3.5%)	$1,468 (+5.8%)	0.1%	$84.89	+71.9%	COM	713448108
CSCO	CISCO SYS INC	7,819 (+2.0%)	$602 (+14.8%)	0.1%	$42.41	+74.0%	COM	17275R102
PG	PROCTER AND GAMBLE CO	10,537 (+3.3%)	$1,510 (-3.6%)	0.1%	$75.35	+95.3%	COM	742718109
GE	GE AEROSPACE	1,064 (+16.4%)	$328 (+19.2%)	0.0%	$230.18	+30.7%	COM NEW	369604301
MTDR	MATADOR RES CO	152,590 (+6.6%)	$6,476 (+0.7%)	0.6%	$44.02	-4.6%	COM	576485205
TPL	TEXAS PACIFIC LAND CORPORATI	1,431 (+200.0%)	$411 (-7.7%)	0.0%	$260.86	+16.9%	COM	88262P102
EXE	EXPAND ENERGY CORPORATION	4,008 (+2.3%)	$442 (+6.3%)	0.0%	$89.73	+23.3%	COM	165167735
UNP	UNION PAC CORP	15,635 (+1.7%)	$3,617 (-0.5%)	0.3%	$223.22	+1.8%	COM	907818108
VLO	VALERO ENERGY CORP	2,331 (+9.8%)	$379 (+5.0%)	0.0%	$90.90	+85.7%	COM	91913Y100
VUG	VANGUARD INDEX FDS	1,070 (+1.4%)	$522 (+3.2%)	0.0%	$260.81	—	GROWTH ETF	922908736
IEI	ISHARES TR	2,146 (+4.9%)	$256 (+4.8%)	0.0%	$119.15	—	3 7 YR TREAS BD	464288661
RSG	REPUBLIC SVCS INC	2,527 (+6.1%)	$536 (-2.0%)	0.0%	$52.76	+306.7%	COM	760759100
—	ADVENT CONV & INCOME FD	14,696 (+2.8%)	$184 (+0.7%)	0.0%	$16.61	—	COM	00764C109

Exited Positions (10)

— UNILEVER PLC 0.7%

Value ($000) $8,166 Shares 137,745 Est. Cost $50.98 Unrealized —

ZTS ZOETIS INC 0.7%

Value ($000) $7,824 Shares 53,469 Est. Cost $158.17 Unrealized -17.6%

NOG NORTHERN OIL & GAS INC 0.5%

Value ($000) $5,455 Shares 219,949 Est. Cost $26.90 Unrealized -16.6%

FRO FRONTLINE PLC 0.4%

Value ($000) $4,767 Shares 209,166 Est. Cost $16.83 Unrealized +38.9%

KOF COCA-COLA FEMSA SAB DE CV 0.2%

Value ($000) $2,826 Shares 34,011 Est. Cost $83.10 Unrealized —

ABEV AMBEV SA 0.2%

Value ($000) $2,805 Shares 1,258,044 Est. Cost $2.23 Unrealized —

INGR INGREDION INC 0.2%

Value ($000) $2,784 Shares 22,802 Est. Cost $128.89 Unrealized -12.5%

DD DUPONT DE NEMOURS INC 0.0%

Value ($000) $410 Shares 5,269 Est. Cost $19.24 Unrealized +94.4%

DELL DELL TECHNOLOGIES INC 0.0%

Value ($000) $213 Shares 1,500 Est. Cost $129.18 Unrealized +9.0%

— CLEARBRIDGE ENERGY MIDSTRM O 0.0%

Value ($000) $1 Shares 50,610 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	UNILEVER PLC	137,745	$8,166	0.7%	$50.98	—	—	904767704
ZTS	ZOETIS INC	53,469	$7,824	0.7%	$158.17	-17.6%	—	98978V103
NOG	NORTHERN OIL & GAS INC	219,949	$5,455	0.5%	$26.90	-16.6%	—	665531307
FRO	FRONTLINE PLC	209,166	$4,767	0.4%	$16.83	+38.9%	—	M46528101
KOF	COCA-COLA FEMSA SAB DE CV	34,011	$2,826	0.2%	$83.10	—	—	191241108
ABEV	AMBEV SA	1,258,044	$2,805	0.2%	$2.23	—	—	02319V103
INGR	INGREDION INC	22,802	$2,784	0.2%	$128.89	-12.5%	—	457187102
DD	DUPONT DE NEMOURS INC	5,269	$410	0.0%	$19.24	+94.4%	—	26614N102
DELL	DELL TECHNOLOGIES INC	1,500	$213	0.0%	$129.18	+9.0%	—	24703L202
—	CLEARBRIDGE ENERGY MIDSTRM O	50,610	$1	0.0%	$0.02	—	—	18469P118

Decreased Positions (56)

VBIL VANGUARD INSTL INDEX FD 11.5%

Value ($000) $131,083 (-16.7%) Shares 1,737,812 (-16.5%) Est. Cost $75.62 Unrealized —

PAAS PAN AMERN SILVER CORP 0.0%

Value ($000) $552 (-96.8%) Shares 10,662 (-97.6%) Est. Cost $23.86 Unrealized +75.4%

AEM AGNICO EAGLE MINES LTD 1.3%

Value ($000) $14,646 (-46.7%) Shares 86,391 (-47.0%) Est. Cost $49.26 Unrealized +240.7%

COP CONOCOPHILLIPS 0.6%

Value ($000) $6,998 (-55.6%) Shares 74,754 (-55.2%) Est. Cost $90.05 Unrealized -0.0%

NGD NEW GOLD INC CDA 0.2%

Value ($000) $2,372 (-77.3%) Shares 272,360 (-81.3%) Est. Cost $3.66 Unrealized +105.6%

GOOG ALPHABET INC 3.6%

Value ($000) $40,661 (+23.1%) Shares 129,577 (-4.4%) Est. Cost $112.63 Unrealized +154.2%

RGLD ROYAL GOLD INC 1.1%

Value ($000) $12,927 (-24.2%) Shares 58,154 (-31.6%) Est. Cost $115.76 Unrealized +71.4%

MAS MASCO CORP 0.3%

Value ($000) $3,271 (-51.9%) Shares 51,549 (-46.7%) Est. Cost $64.64 Unrealized +0.2%

DSTL ETF SER SOLUTIONS 0.8%

Value ($000) $9,361 (-26.1%) Shares 158,927 (-27.3%) Est. Cost $37.10 Unrealized —

KMB KIMBERLY-CLARK CORP 0.0%

Value ($000) $486 (-87.0%) Shares 4,815 (-84.0%) Est. Cost $110.40 Unrealized -1.8%

LOW LOWES COS INC 0.3%

Value ($000) $3,429 (-48.0%) Shares 14,220 (-45.9%) Est. Cost $194.04 Unrealized +23.6%

ADBE ADOBE INC 0.5%

Value ($000) $5,652 (-33.2%) Shares 16,148 (-32.7%) Est. Cost $423.53 Unrealized -19.7%

CL COLGATE PALMOLIVE CO 0.3%

Value ($000) $3,134 (-47.0%) Shares 39,659 (-46.4%) Est. Cost $88.15 Unrealized -11.2%

EXPE EXPEDIA GROUP INC 0.9%

Value ($000) $10,705 (+29.5%) Shares 37,784 (-2.3%) Est. Cost $127.94 Unrealized +93.0%

GDXJ VANECK ETF TRUST 0.1%

Value ($000) $737 (-75.2%) Shares 6,478 (-78.4%) Est. Cost $49.15 Unrealized —

AAPL APPLE INC 3.1%

Value ($000) $34,757 (+5.4%) Shares 127,851 (-1.3%) Est. Cost $106.22 Unrealized +152.6%

GDX VANECK ETF TRUST 0.4%

Value ($000) $4,920 (-25.4%) Shares 57,358 (-33.6%) Est. Cost $34.22 Unrealized —

IAU ISHARES GOLD TR 5.7%

Value ($000) $65,133 (-1.9%) Shares 802,424 (-12.0%) Est. Cost $35.34 Unrealized —

TBIL RBB FD INC 0.1%

Value ($000) $1,016 (-31.4%) Shares 20,371 (-31.2%) Est. Cost $49.98 Unrealized —

WMB WILLIAMS COS INC 0.3%

Value ($000) $2,909 (-13.5%) Shares 48,388 (-8.8%) Est. Cost $33.53 Unrealized +79.1%

TPYP TORTOISE CAPITAL SERIES TRUS 0.5%

Value ($000) $5,886 (-7.1%) Shares 166,782 (-4.0%) Est. Cost $35.73 Unrealized —

BX BLACKSTONE INC 0.3%

Value ($000) $3,702 (-10.7%) Shares 24,017 (-1.0%) Est. Cost $55.89 Unrealized +171.0%

AVGO BROADCOM INC 0.3%

Value ($000) $2,887 (-13.0%) Shares 8,343 (-17.1%) Est. Cost $143.61 Unrealized +148.6%

CI THE CIGNA GROUP 0.5%

Value ($000) $5,582 (-5.9%) Shares 20,281 (-1.5%) Est. Cost $286.53 Unrealized -2.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $1,126 (-23.6%) Shares 2,241 (-23.6%) Est. Cost $323.08 Unrealized +54.0%

GOOGL ALPHABET INC 0.2%

Value ($000) $2,391 (+16.8%) Shares 7,639 (-9.3%) Est. Cost $125.99 Unrealized +126.7%

MSI MOTOROLA SOLUTIONS INC 0.1%

Value ($000) $976 (-23.9%) Shares 2,545 (-9.3%) Est. Cost $178.22 Unrealized +124.9%

AU ANGLOGOLD ASHANTI PLC 0.1%

Value ($000) $977 (-22.8%) Shares 11,458 (-36.4%) Est. Cost $22.48 Unrealized +244.7%

NVS NOVARTIS AG 0.3%

Value ($000) $3,930 (+6.3%) Shares 28,508 (-1.2%) Est. Cost $106.61 Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $2,127 (-8.1%) Shares 3,119 (-10.2%) Est. Cost $310.44 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.1%

Value ($000) $588 (-23.7%) Shares 21,455 (-24.0%) Est. Cost $27.31 Unrealized —

GWW WW GRAINGER INC 0.0%

Value ($000) $293 (-37.3%) Shares 290 (-40.8%) Est. Cost $708.54 Unrealized +36.7%

AG FIRST MAJESTIC SILVER CORP 0.1%

Value ($000) $674 (+28.4%) Shares 40,472 (-5.3%) Est. Cost $6.52 Unrealized +113.2%

B BARRICK MNG CORP 0.1%

Value ($000) $1,076 (-12.1%) Shares 24,705 (-33.9%) Est. Cost $19.29 Unrealized +94.0%

CLX CLOROX CO DEL 0.0%

Value ($000) $321 (-30.7%) Shares 3,184 (-15.3%) Est. Cost $85.80 Unrealized +26.2%

JXN JACKSON FINANCIAL INC 0.1%

Value ($000) $1,693 (-7.4%) Shares 15,875 (-12.1%) Est. Cost $28.39 Unrealized +248.4%

AMZN AMAZON COM INC 0.2%

Value ($000) $1,773 (-6.0%) Shares 7,681 (-10.6%) Est. Cost $131.70 Unrealized +73.7%

META META PLATFORMS INC 0.0%

Value ($000) $350 (-23.8%) Shares 530 (-15.2%) Est. Cost $635.67 Unrealized +5.0%

NEM NEWMONT CORP 0.0%

Value ($000) $228 (-25.5%) Shares 2,284 (-37.1%) Est. Cost $40.72 Unrealized +121.5%

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $2,461 (-2.9%) Shares 13,195 (-2.8%) Est. Cost $96.64 Unrealized +92.6%

VTES VANGUARD WELLINGTON FD 0.0%

Value ($000) $474 (-13.2%) Shares 4,667 (-12.9%) Est. Cost $101.42 Unrealized —

SBR SABINE RTY TR 0.0%

Value ($000) $258 (-20.3%) Shares 3,768 (-7.6%) Est. Cost $47.77 Unrealized —

IVV ISHARES TR 0.0%

Value ($000) $220 (-22.0%) Shares 321 (-23.8%) Est. Cost $477.63 Unrealized —

STEL STELLAR BANCORP INC 0.1%

Value ($000) $878 (-5.0%) Shares 28,368 (-6.9%) Est. Cost $23.46 Unrealized +30.9%

RSP INVESCO EXCHANGE TRADED FD T 0.4%

Value ($000) $4,442 (-0.8%) Shares 23,189 (-1.7%) Est. Cost $105.59 Unrealized —

IWP ISHARES TR 0.0%

Value ($000) $412 (-6.1%) Shares 3,007 (-2.4%) Est. Cost $128.36 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value ($000) $273 (-8.8%) Shares 1,399 (-1.5%) Est. Cost $124.24 Unrealized +57.0%

VOE VANGUARD INDEX FDS 0.0%

Value ($000) $372 (-6.1%) Shares 2,096 (-7.6%) Est. Cost $138.04 Unrealized —

— BANK AMERICA CORP 0.0%

Value ($000) $412 (-5.3%) Shares 329 (-3.2%) Est. Cost $1292.74 Unrealized —

IWV ISHARES TR 0.1%

Value ($000) $710 (-2.9%) Shares 1,835 (-4.9%) Est. Cost $219.20 Unrealized —

VONE VANGUARD SCOTTSDALE FDS 0.0%

Value ($000) $321 (-5.8%) Shares 1,040 (-7.9%) Est. Cost $189.16 Unrealized —

TJX TJX COS INC NEW 0.0%

Value ($000) $363 (+3.6%) Shares 2,362 (-2.6%) Est. Cost $87.62 Unrealized +68.6%

PGX INVESCO EXCH TRADED FD TR II 0.0%

Value ($000) $206 (-5.5%) Shares 18,302 (-2.4%) Est. Cost $12.67 Unrealized —

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $265 (-3.6%) Shares 1,655 (-2.5%) Est. Cost $137.65 Unrealized +11.6%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $1,292 (+0.6%) Shares 4,363 (-4.2%) Est. Cost $104.24 Unrealized +186.6%

NOBL PROSHARES TR 0.0%

Value ($000) $238 (-1.9%) Shares 2,283 (-2.8%) Est. Cost $101.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VBIL	VANGUARD INSTL INDEX FD	1,737,812 (-16.5%)	$131,083 (-16.7%)	11.5%	$75.62	—	0-3 MO TREAS BIL	922040845
PAAS	PAN AMERN SILVER CORP	10,662 (-97.6%)	$552 (-96.8%)	0.0%	$23.86	+75.4%	COM	697900108
AEM	AGNICO EAGLE MINES LTD	86,391 (-47.0%)	$14,646 (-46.7%)	1.3%	$49.26	+240.7%	COM	008474108
COP	CONOCOPHILLIPS	74,754 (-55.2%)	$6,998 (-55.6%)	0.6%	$90.05	-0.0%	COM	20825C104
NGD	NEW GOLD INC CDA	272,360 (-81.3%)	$2,372 (-77.3%)	0.2%	$3.66	+105.6%	COM	644535106
GOOG	ALPHABET INC	129,577 (-4.4%)	$40,661 (+23.1%)	3.6%	$112.63	+154.2%	CAP STK CL C	02079K107
RGLD	ROYAL GOLD INC	58,154 (-31.6%)	$12,927 (-24.2%)	1.1%	$115.76	+71.4%	COM	780287108
MAS	MASCO CORP	51,549 (-46.7%)	$3,271 (-51.9%)	0.3%	$64.64	+0.2%	COM	574599106
DSTL	ETF SER SOLUTIONS	158,927 (-27.3%)	$9,361 (-26.1%)	0.8%	$37.10	—	DISTILLATE US	26922A321
KMB	KIMBERLY-CLARK CORP	4,815 (-84.0%)	$486 (-87.0%)	0.0%	$110.40	-1.8%	COM	494368103
LOW	LOWES COS INC	14,220 (-45.9%)	$3,429 (-48.0%)	0.3%	$194.04	+23.6%	COM	548661107
ADBE	ADOBE INC	16,148 (-32.7%)	$5,652 (-33.2%)	0.5%	$423.53	-19.7%	COM	00724F101
CL	COLGATE PALMOLIVE CO	39,659 (-46.4%)	$3,134 (-47.0%)	0.3%	$88.15	-11.2%	COM	194162103
EXPE	EXPEDIA GROUP INC	37,784 (-2.3%)	$10,705 (+29.5%)	0.9%	$127.94	+93.0%	COM NEW	30212P303
GDXJ	VANECK ETF TRUST	6,478 (-78.4%)	$737 (-75.2%)	0.1%	$49.15	—	JUNIOR GOLD MINE	92189F791
AAPL	APPLE INC	127,851 (-1.3%)	$34,757 (+5.4%)	3.1%	$106.22	+152.6%	COM	037833100
GDX	VANECK ETF TRUST	57,358 (-33.6%)	$4,920 (-25.4%)	0.4%	$34.22	—	GOLD MINERS ETF	92189F106
IAU	ISHARES GOLD TR	802,424 (-12.0%)	$65,133 (-1.9%)	5.7%	$35.34	—	ISHARES NEW	464285204
TBIL	RBB FD INC	20,371 (-31.2%)	$1,016 (-31.4%)	0.1%	$49.98	—	US TREAS 3 MNTH	74933W452
WMB	WILLIAMS COS INC	48,388 (-8.8%)	$2,909 (-13.5%)	0.3%	$33.53	+79.1%	COM	969457100
TPYP	TORTOISE CAPITAL SERIES TRUS	166,782 (-4.0%)	$5,886 (-7.1%)	0.5%	$35.73	—	NORTH AMERN PIPE	890930308
BX	BLACKSTONE INC	24,017 (-1.0%)	$3,702 (-10.7%)	0.3%	$55.89	+171.0%	COM	09260D107
AVGO	BROADCOM INC	8,343 (-17.1%)	$2,887 (-13.0%)	0.3%	$143.61	+148.6%	COM	11135F101
CI	THE CIGNA GROUP	20,281 (-1.5%)	$5,582 (-5.9%)	0.5%	$286.53	-2.5%	COM	125523100
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,241 (-23.6%)	$1,126 (-23.6%)	0.1%	$323.08	+54.0%	CL B NEW	084670702
GOOGL	ALPHABET INC	7,639 (-9.3%)	$2,391 (+16.8%)	0.2%	$125.99	+126.7%	CAP STK CL A	02079K305
MSI	MOTOROLA SOLUTIONS INC	2,545 (-9.3%)	$976 (-23.9%)	0.1%	$178.22	+124.9%	COM NEW	620076307
AU	ANGLOGOLD ASHANTI PLC	11,458 (-36.4%)	$977 (-22.8%)	0.1%	$22.48	+244.7%	COM SHS	G0378L100
NVS	NOVARTIS AG	28,508 (-1.2%)	$3,930 (+6.3%)	0.3%	$106.61	—	SPONSORED ADR	66987V109
SPY	SPDR S&P 500 ETF TR	3,119 (-10.2%)	$2,127 (-8.1%)	0.2%	$310.44	—	TR UNIT	78462F103
SCHD	SCHWAB STRATEGIC TR	21,455 (-24.0%)	$588 (-23.7%)	0.1%	$27.31	—	US DIVIDEND EQ	808524797
GWW	WW GRAINGER INC	290 (-40.8%)	$293 (-37.3%)	0.0%	$708.54	+36.7%	COM	384802104
AG	FIRST MAJESTIC SILVER CORP	40,472 (-5.3%)	$674 (+28.4%)	0.1%	$6.52	+113.2%	COM	32076V103
B	BARRICK MNG CORP	24,705 (-33.9%)	$1,076 (-12.1%)	0.1%	$19.29	+94.0%	COM SHS	06849F108
CLX	CLOROX CO DEL	3,184 (-15.3%)	$321 (-30.7%)	0.0%	$85.80	+26.2%	COM	189054109
JXN	JACKSON FINANCIAL INC	15,875 (-12.1%)	$1,693 (-7.4%)	0.1%	$28.39	+248.4%	COM CL A	46817M107
AMZN	AMAZON COM INC	7,681 (-10.6%)	$1,773 (-6.0%)	0.2%	$131.70	+73.7%	COM	023135106
META	META PLATFORMS INC	530 (-15.2%)	$350 (-23.8%)	0.0%	$635.67	+5.0%	CL A	30303M102
NEM	NEWMONT CORP	2,284 (-37.1%)	$228 (-25.5%)	0.0%	$40.72	+121.5%	COM	651639106
NVDA	NVIDIA CORPORATION	13,195 (-2.8%)	$2,461 (-2.9%)	0.2%	$96.64	+92.6%	COM	67066G104
VTES	VANGUARD WELLINGTON FD	4,667 (-12.9%)	$474 (-13.2%)	0.0%	$101.42	—	SHORT TRM TAX EX	921935870
SBR	SABINE RTY TR	3,768 (-7.6%)	$258 (-20.3%)	0.0%	$47.77	—	UNIT BEN INT	785688102
IVV	ISHARES TR	321 (-23.8%)	$220 (-22.0%)	0.0%	$477.63	—	CORE S&P500 ETF	464287200
STEL	STELLAR BANCORP INC	28,368 (-6.9%)	$878 (-5.0%)	0.1%	$23.46	+30.9%	COM	858927106
RSP	INVESCO EXCHANGE TRADED FD T	23,189 (-1.7%)	$4,442 (-0.8%)	0.4%	$105.59	—	S&P500 EQL WGT	46137V357
IWP	ISHARES TR	3,007 (-2.4%)	$412 (-6.1%)	0.0%	$128.36	—	RUS MD CP GR ETF	464287481
HON	HONEYWELL INTL INC	1,399 (-1.5%)	$273 (-8.8%)	0.0%	$124.24	+57.0%	COM	438516106
VOE	VANGUARD INDEX FDS	2,096 (-7.6%)	$372 (-6.1%)	0.0%	$138.04	—	MCAP VL IDXVIP	922908512
—	BANK AMERICA CORP	329 (-3.2%)	$412 (-5.3%)	0.0%	$1292.74	—	7.25%CNV PFD L	060505682
IWV	ISHARES TR	1,835 (-4.9%)	$710 (-2.9%)	0.1%	$219.20	—	RUSSELL 3000 ETF	464287689
VONE	VANGUARD SCOTTSDALE FDS	1,040 (-7.9%)	$321 (-5.8%)	0.0%	$189.16	—	VNG RUS1000IDX	92206C730
TJX	TJX COS INC NEW	2,362 (-2.6%)	$363 (+3.6%)	0.0%	$87.62	+68.6%	COM	872540109
PGX	INVESCO EXCH TRADED FD TR II	18,302 (-2.4%)	$206 (-5.5%)	0.0%	$12.67	—	PFD ETF	46138E511
PM	PHILIP MORRIS INTL INC	1,655 (-2.5%)	$265 (-3.6%)	0.0%	$137.65	+11.6%	COM	718172109
IBM	INTERNATIONAL BUSINESS MACHS	4,363 (-4.2%)	$1,292 (+0.6%)	0.1%	$104.24	+186.6%	COM	459200101
NOBL	PROSHARES TR	2,283 (-2.8%)	$238 (-1.9%)	0.0%	$101.42	—	S&P 500 DV ARIST	74348A467

Unchanged Positions (92)

MSFT MICROSOFT CORP 3.3%

Value ($000) $37,795 Shares 78,151 Est. Cost $114.26 Unrealized +338.1%

AZN ASTRAZENECA PLC 0.6%

Value ($000) $7,197 Shares 78,288 Est. Cost $71.64 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 0.5%

Value ($000) $6,230 Shares 68,299 Est. Cost $84.89 Unrealized +15.1%

JNJ JOHNSON & JOHNSON 0.8%

Value ($000) $9,302 Shares 44,948 Est. Cost $138.47 Unrealized +42.3%

RMD RESMED INC 0.6%

Value ($000) $6,641 Shares 27,571 Est. Cost $220.65 Unrealized +15.8%

MTD METTLER TOLEDO INTERNATIONAL 0.6%

Value ($000) $7,261 Shares 5,208 Est. Cost $1184.47 Unrealized +17.9%

AJG GALLAGHER ARTHUR J & CO 0.3%

Value ($000) $3,706 Shares 14,320 Est. Cost $203.52 Unrealized +29.8%

CAT CATERPILLAR INC 0.3%

Value ($000) $3,792 Shares 6,620 Est. Cost $97.76 Unrealized +468.2%

MNST MONSTER BEVERAGE CORP NEW 0.3%

Value ($000) $3,855 Shares 50,286 Est. Cost $62.42 Unrealized +14.8%

V VISA INC 1.2%

Value ($000) $13,600 Shares 38,778 Est. Cost $196.25 Unrealized +73.4%

MEDP MEDPACE HLDGS INC 0.5%

Value ($000) $5,166 Shares 9,198 Est. Cost $335.11 Unrealized +69.4%

SU SUNCOR ENERGY INC NEW 0.4%

Value ($000) $4,818 Shares 108,612 Est. Cost $37.17 Unrealized +13.7%

WPM WHEATON PRECIOUS METALS CORP 0.6%

Value ($000) $6,641 Shares 56,510 Est. Cost $59.47 Unrealized +80.0%

EOG EOG RES INC 0.4%

Value ($000) $5,030 Shares 47,902 Est. Cost $112.21 Unrealized -4.4%

MCK MCKESSON CORP 0.4%

Value ($000) $4,474 Shares 5,454 Est. Cost $543.43 Unrealized +50.1%

WMT WALMART INC 0.3%

Value ($000) $3,194 Shares 28,671 Est. Cost $58.31 Unrealized +83.8%

AGI ALAMOS GOLD INC NEW 0.2%

Value ($000) $2,256 Shares 58,474 Est. Cost $8.52 Unrealized +309.0%

GBTC GRAYSCALE BITCOIN TRUST ETF 0.1%

Value ($000) $684 Shares 10,000 Est. Cost $63.17 Unrealized —

KMI KINDER MORGAN INC DEL 0.4%

Value ($000) $5,109 Shares 185,833 Est. Cost $13.26 Unrealized +102.9%

VTR VENTAS INC 0.1%

Value ($000) $1,650 Shares 21,318 Est. Cost $44.59 Unrealized +68.2%

EVRG EVERGY INC 0.3%

Value ($000) $3,472 Shares 47,891 Est. Cost $55.82 Unrealized +35.2%

MA MASTERCARD INCORPORATED 1.2%

Value ($000) $14,032 Shares 24,580 Est. Cost $336.07 Unrealized +66.3%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $1,887 Shares 2,188 Est. Cost $483.53 Unrealized +87.3%

CEF SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $655 Shares 14,306 Est. Cost $22.63 Unrealized —

ABBV ABBVIE INC 0.5%

Value ($000) $5,283 Shares 23,122 Est. Cost $150.34 Unrealized +51.4%

OTIS OTIS WORLDWIDE CORP 0.2%

Value ($000) $2,770 Shares 31,706 Est. Cost $95.26 Unrealized -6.3%

PAA PLAINS ALL AMERN PIPELINE L 0.2%

Value ($000) $2,046 Shares 113,932 Est. Cost $27.29 Unrealized —

VZLA VIZSLA SILVER CORP 0.0%

Value ($000) $471 Shares 86,120 Est. Cost $1.67 Unrealized +181.0%

KR KROGER CO 0.1%

Value ($000) $1,094 Shares 17,507 Est. Cost $43.69 Unrealized +49.3%

AEP AMERICAN ELEC PWR CO INC 0.3%

Value ($000) $3,851 Shares 33,395 Est. Cost $93.64 Unrealized +25.7%

SSRM SSR MINING IN 0.1%

Value ($000) $772 Shares 35,230 Est. Cost $10.18 Unrealized +118.6%

COKE COCA COLA CONS INC 0.0%

Value ($000) $365 Shares 2,380 Est. Cost $120.10 Unrealized +21.9%

SYY SYSCO CORP 0.1%

Value ($000) $707 Shares 9,600 Est. Cost $43.09 Unrealized +75.2%

FCX FREEPORT-MCMORAN INC 0.0%

Value ($000) $324 Shares 6,377 Est. Cost $36.16 Unrealized +19.8%

SIL GLOBAL X FDS 0.0%

Value ($000) $497 Shares 5,954 Est. Cost $71.63 Unrealized —

ABT ABBOTT LABS 0.1%

Value ($000) $1,012 Shares 8,075 Est. Cost $59.05 Unrealized +115.6%

GFI GOLD FIELDS LTD 0.1%

Value ($000) $1,689 Shares 38,675 Est. Cost $4.02 Unrealized —

MPC MARATHON PETE CORP 0.0%

Value ($000) $354 Shares 2,178 Est. Cost $132.44 Unrealized +40.7%

KGC KINROSS GOLD CORP 0.0%

Value ($000) $544 Shares 19,315 Est. Cost $5.32 Unrealized +388.6%

AXP AMERICAN EXPRESS CO 0.1%

Value ($000) $619 Shares 1,672 Est. Cost $158.16 Unrealized +125.7%

QQQ INVESCO QQQ TR 0.2%

Value ($000) $2,597 Shares 4,227 Est. Cost $241.64 Unrealized —

EQX EQUINOX GOLD CORP 0.0%

Value ($000) $273 Shares 19,455 Est. Cost $5.57 Unrealized +126.7%

VTI VANGUARD INDEX FDS 0.2%

Value ($000) $2,558 Shares 7,630 Est. Cost $111.00 Unrealized —

OXY OCCIDENTAL PETE CORP 0.0%

Value ($000) $290 Shares 7,045 Est. Cost $53.35 Unrealized -22.1%

XME SPDR SERIES TRUST 0.0%

Value ($000) $422 Shares 4,075 Est. Cost $55.99 Unrealized —

MGK VANGUARD WORLD FD 0.1%

Value ($000) $1,618 Shares 3,920 Est. Cost $65.83 Unrealized —

SILJ AMPLIFY ETF TR 0.0%

Value ($000) $241 Shares 8,695 Est. Cost $23.09 Unrealized —

BAC BANK AMERICA CORP 0.1%

Value ($000) $570 Shares 10,371 Est. Cost $31.36 Unrealized +67.9%

BTG B2GOLD CORP 0.0%

Value ($000) $345 Shares 76,485 Est. Cost $2.57 Unrealized +81.3%

MCD MCDONALDS CORP 0.7%

Value ($000) $7,917 Shares 25,903 Est. Cost $243.36 Unrealized +25.4%

GIS GENERAL MLS INC 0.0%

Value ($000) $354 Shares 7,604 Est. Cost $55.55 Unrealized -14.6%

— ABRDN ASIA PACIFIC INCOME FU 0.0%

Value ($000) $468 Shares 30,509 Est. Cost $17.40 Unrealized —

PSA PUBLIC STORAGE OPER CO 0.0%

Value ($000) $229 Shares 883 Est. Cost $261.48 Unrealized +6.0%

SUN SUNOCO LP/SUNOCO FIN CORP 0.0%

Value ($000) $555 Shares 10,595 Est. Cost $55.82 Unrealized —

DVY ISHARES TR 0.2%

Value ($000) $2,082 Shares 14,754 Est. Cost $80.19 Unrealized —

WEC WEC ENERGY GROUP INC 0.0%

Value ($000) $269 Shares 2,553 Est. Cost $99.22 Unrealized +11.1%

MTG MGIC INVT CORP WIS 0.1%

Value ($000) $731 Shares 25,000 Est. Cost $9.88 Unrealized +184.2%

DUK DUKE ENERGY CORP NEW 0.0%

Value ($000) $310 Shares 2,649 Est. Cost $110.55 Unrealized +10.0%

VB VANGUARD INDEX FDS 0.1%

Value ($000) $1,157 Shares 4,484 Est. Cost $99.59 Unrealized —

— GAMCO NAT RES GOLD & INCOME 0.0%

Value ($000) $286 Shares 38,450 Est. Cost $5.87 Unrealized —

— NUVEEN AMT FREE MUN CR INC F 0.0%

Value ($000) $551 Shares 43,535 Est. Cost $11.85 Unrealized —

SHW SHERWIN WILLIAMS CO 0.0%

Value ($000) $214 Shares 660 Est. Cost $265.82 Unrealized +25.7%

— PINNACLE FINL PARTNERS INC 0.1%

Value ($000) $835 Shares 8,750 Est. Cost $54.06 Unrealized —

MMM 3M CO 0.0%

Value ($000) $453 Shares 2,828 Est. Cost $78.92 Unrealized +106.8%

EGP EASTGROUP PPTYS INC 0.0%

Value ($000) $240 Shares 1,350 Est. Cost $165.32 Unrealized —

LNT ALLIANT ENERGY CORP 0.0%

Value ($000) $320 Shares 4,916 Est. Cost $59.57 Unrealized +12.2%

VO VANGUARD INDEX FDS 0.1%

Value ($000) $930 Shares 3,205 Est. Cost $95.26 Unrealized —

DFAC DIMENSIONAL ETF TRUST 0.0%

Value ($000) $432 Shares 10,907 Est. Cost $32.99 Unrealized —

— WELLS FARGO CO NEW 0.0%

Value ($000) $441 Shares 364 Est. Cost $1347.85 Unrealized —

— ABRDN INCOME CREDIT STRATEGI 0.0%

Value ($000) $149 Shares 27,604 Est. Cost $6.62 Unrealized —

CTVA CORTEVA INC 0.3%

Value ($000) $3,386 Shares 50,517 Est. Cost $58.89 Unrealized +9.6%

WM WASTE MGMT INC DEL 0.2%

Value ($000) $1,796 Shares 8,175 Est. Cost $53.76 Unrealized +295.4%

VV VANGUARD INDEX FDS 0.0%

Value ($000) $393 Shares 1,249 Est. Cost $156.21 Unrealized —

TRP TC ENERGY CORP 0.1%

Value ($000) $670 Shares 12,181 Est. Cost $38.47 Unrealized +38.7%

SH PROSHARES TR 0.0%

Value ($000) $254 Shares 7,047 Est. Cost $42.38 Unrealized —

TLT ISHARES TR 0.0%

Value ($000) $249 Shares 2,860 Est. Cost $88.25 Unrealized —

OKE ONEOK INC NEW 0.1%

Value ($000) $847 Shares 11,523 Est. Cost $52.93 Unrealized +33.1%

IUSV ISHARES TR 0.0%

Value ($000) $211 Shares 2,061 Est. Cost $99.95 Unrealized —

JPM JPMORGAN CHASE & CO. 0.0%

Value ($000) $457 Shares 1,417 Est. Cost $157.99 Unrealized +95.9%

EQT EQT CORP 0.0%

Value ($000) $335 Shares 6,258 Est. Cost $33.92 Unrealized +65.5%

VNOM VIPER ENERGY INC 0.0%

Value ($000) $436 Shares 11,296 Est. Cost $38.10 Unrealized -0.6%

PFF ISHARES TR 0.0%

Value ($000) $212 Shares 6,855 Est. Cost $31.19 Unrealized —

— ABRDN TOTAL DYNAMIC DIVIDEND 0.0%

Value ($000) $147 Shares 15,115 Est. Cost $8.11 Unrealized —

— EATON VANCE SR FLTNG RTE TR 0.0%

Value ($000) $128 Shares 11,500 Est. Cost $14.24 Unrealized —

IWF ISHARES TR 0.0%

Value ($000) $260 Shares 549 Est. Cost $214.24 Unrealized —

— CALAMOS CONV & HIGH INCOME F 0.0%

Value ($000) $198 Shares 17,500 Est. Cost $12.42 Unrealized —

SPH SUBURBAN PROPANE PARTNERS L 0.0%

Value ($000) $205 Shares 11,080 Est. Cost $16.07 Unrealized —

— NUVEEN MUN VALUE FD INC 0.0%

Value ($000) $134 Shares 14,839 Est. Cost $8.71 Unrealized —

BANX ARROWMARK FINANCIAL CORP 0.0%

Value ($000) $238 Shares 10,890 Est. Cost $12.18 Unrealized +69.2%

YUM YUM BRANDS INC 0.3%

Value ($000) $3,479 Shares 22,998 Est. Cost $139.01 Unrealized +6.2%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $755 Shares 1 Est. Cost $199512.94 Unrealized +274.1%

— GAMCO GLOBAL GOLD NAT RES & 0.0%

Value ($000) $473 Shares 91,750 Est. Cost $4.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	78,151	$37,795	3.3%	$114.26	+338.1%	COM	594918104
AZN	ASTRAZENECA PLC	78,288	$7,197	0.6%	$71.64	—	SPONSORED ADR	046353108
ORLY	OREILLY AUTOMOTIVE INC	68,299	$6,230	0.5%	$84.89	+15.1%	COM	67103H107
JNJ	JOHNSON & JOHNSON	44,948	$9,302	0.8%	$138.47	+42.3%	COM	478160104
RMD	RESMED INC	27,571	$6,641	0.6%	$220.65	+15.8%	COM	761152107
MTD	METTLER TOLEDO INTERNATIONAL	5,208	$7,261	0.6%	$1184.47	+17.9%	COM	592688105
AJG	GALLAGHER ARTHUR J & CO	14,320	$3,706	0.3%	$203.52	+29.8%	COM	363576109
CAT	CATERPILLAR INC	6,620	$3,792	0.3%	$97.76	+468.2%	COM	149123101
MNST	MONSTER BEVERAGE CORP NEW	50,286	$3,855	0.3%	$62.42	+14.8%	COM	61174X109
V	VISA INC	38,778	$13,600	1.2%	$196.25	+73.4%	COM CL A	92826C839
MEDP	MEDPACE HLDGS INC	9,198	$5,166	0.5%	$335.11	+69.4%	COM	58506Q109
SU	SUNCOR ENERGY INC NEW	108,612	$4,818	0.4%	$37.17	+13.7%	COM	867224107
WPM	WHEATON PRECIOUS METALS CORP	56,510	$6,641	0.6%	$59.47	+80.0%	COM	962879102
EOG	EOG RES INC	47,902	$5,030	0.4%	$112.21	-4.4%	COM	26875P101
MCK	MCKESSON CORP	5,454	$4,474	0.4%	$543.43	+50.1%	COM	58155Q103
WMT	WALMART INC	28,671	$3,194	0.3%	$58.31	+83.8%	COM	931142103
AGI	ALAMOS GOLD INC NEW	58,474	$2,256	0.2%	$8.52	+309.0%	COM CL A	011532108
GBTC	GRAYSCALE BITCOIN TRUST ETF	10,000	$684	0.1%	$63.17	—	SHS REP COM UT	389637109
KMI	KINDER MORGAN INC DEL	185,833	$5,109	0.4%	$13.26	+102.9%	COM	49456B101
VTR	VENTAS INC	21,318	$1,650	0.1%	$44.59	+68.2%	COM	92276F100
EVRG	EVERGY INC	47,891	$3,472	0.3%	$55.82	+35.2%	COM	30034W106
MA	MASTERCARD INCORPORATED	24,580	$14,032	1.2%	$336.07	+66.3%	CL A	57636Q104
COST	COSTCO WHSL CORP NEW	2,188	$1,887	0.2%	$483.53	+87.3%	COM	22160K105
CEF	SPROTT ASSET MANAGEMENT LP	14,306	$655	0.1%	$22.63	—	PHYSICAL GOLD AN	85208R101
ABBV	ABBVIE INC	23,122	$5,283	0.5%	$150.34	+51.4%	COM	00287Y109
OTIS	OTIS WORLDWIDE CORP	31,706	$2,770	0.2%	$95.26	-6.3%	COM	68902V107
PAA	PLAINS ALL AMERN PIPELINE L	113,932	$2,046	0.2%	$27.29	—	UNIT LTD PARTN	726503105
VZLA	VIZSLA SILVER CORP	86,120	$471	0.0%	$1.67	+181.0%	COM NEW	92859G608
KR	KROGER CO	17,507	$1,094	0.1%	$43.69	+49.3%	COM	501044101
AEP	AMERICAN ELEC PWR CO INC	33,395	$3,851	0.3%	$93.64	+25.7%	COM	025537101
SSRM	SSR MINING IN	35,230	$772	0.1%	$10.18	+118.6%	COM	784730103
COKE	COCA COLA CONS INC	2,380	$365	0.0%	$120.10	+21.9%	COM	191098102
SYY	SYSCO CORP	9,600	$707	0.1%	$43.09	+75.2%	COM	871829107
FCX	FREEPORT-MCMORAN INC	6,377	$324	0.0%	$36.16	+19.8%	CL B	35671D857
SIL	GLOBAL X FDS	5,954	$497	0.0%	$71.63	—	GLOBAL X SILVER	37954Y848
ABT	ABBOTT LABS	8,075	$1,012	0.1%	$59.05	+115.6%	COM	002824100
GFI	GOLD FIELDS LTD	38,675	$1,689	0.1%	$4.02	—	SPONSORED ADR	38059T106
MPC	MARATHON PETE CORP	2,178	$354	0.0%	$132.44	+40.7%	COM	56585A102
KGC	KINROSS GOLD CORP	19,315	$544	0.0%	$5.32	+388.6%	COM	496902404
AXP	AMERICAN EXPRESS CO	1,672	$619	0.1%	$158.16	+125.7%	COM	025816109
QQQ	INVESCO QQQ TR	4,227	$2,597	0.2%	$241.64	—	UNIT SER 1	46090E103
EQX	EQUINOX GOLD CORP	19,455	$273	0.0%	$5.57	+126.7%	COM	29446Y502
VTI	VANGUARD INDEX FDS	7,630	$2,558	0.2%	$111.00	—	TOTAL STK MKT	922908769
OXY	OCCIDENTAL PETE CORP	7,045	$290	0.0%	$53.35	-22.1%	COM	674599105
XME	SPDR SERIES TRUST	4,075	$422	0.0%	$55.99	—	STATE STREET SPD	78464A755
MGK	VANGUARD WORLD FD	3,920	$1,618	0.1%	$65.83	—	MEGA GRWTH IND	921910816
SILJ	AMPLIFY ETF TR	8,695	$241	0.0%	$23.09	—	AMPLIFY JUNIOR S	032108649
BAC	BANK AMERICA CORP	10,371	$570	0.1%	$31.36	+67.9%	COM	060505104
BTG	B2GOLD CORP	76,485	$345	0.0%	$2.57	+81.3%	COM	11777Q209
MCD	MCDONALDS CORP	25,903	$7,917	0.7%	$243.36	+25.4%	COM	580135101
GIS	GENERAL MLS INC	7,604	$354	0.0%	$55.55	-14.6%	COM	370334104
—	ABRDN ASIA PACIFIC INCOME FU	30,509	$468	0.0%	$17.40	—	COM NEW	003009867
PSA	PUBLIC STORAGE OPER CO	883	$229	0.0%	$261.48	+6.0%	COM	74460D109
SUN	SUNOCO LP/SUNOCO FIN CORP	10,595	$555	0.0%	$55.82	—	COM UT REP LP	86765K109
DVY	ISHARES TR	14,754	$2,082	0.2%	$80.19	—	SELECT DIVID ETF	464287168
WEC	WEC ENERGY GROUP INC	2,553	$269	0.0%	$99.22	+11.1%	COM	92939U106
MTG	MGIC INVT CORP WIS	25,000	$731	0.1%	$9.88	+184.2%	COM	552848103
DUK	DUKE ENERGY CORP NEW	2,649	$310	0.0%	$110.55	+10.0%	COM NEW	26441C204
VB	VANGUARD INDEX FDS	4,484	$1,157	0.1%	$99.59	—	SMALL CP ETF	922908751
—	GAMCO NAT RES GOLD & INCOME	38,450	$286	0.0%	$5.87	—	SH BEN INT	36465E101
—	NUVEEN AMT FREE MUN CR INC F	43,535	$551	0.0%	$11.85	—	COM	67071L106
SHW	SHERWIN WILLIAMS CO	660	$214	0.0%	$265.82	+25.7%	COM	824348106
—	PINNACLE FINL PARTNERS INC	8,750	$835	0.1%	$54.06	—	COM	72346Q104
MMM	3M CO	2,828	$453	0.0%	$78.92	+106.8%	COM	88579Y101
EGP	EASTGROUP PPTYS INC	1,350	$240	0.0%	$165.32	—	COM	277276101
LNT	ALLIANT ENERGY CORP	4,916	$320	0.0%	$59.57	+12.2%	COM	018802108
VO	VANGUARD INDEX FDS	3,205	$930	0.1%	$95.26	—	MID CAP ETF	922908629
DFAC	DIMENSIONAL ETF TRUST	10,907	$432	0.0%	$32.99	—	US CORE EQUITY 2	25434V708
—	WELLS FARGO CO NEW	364	$441	0.0%	$1347.85	—	PERP PFD CNV A	949746804
—	ABRDN INCOME CREDIT STRATEGI	27,604	$149	0.0%	$6.62	—	COM	003057106
CTVA	CORTEVA INC	50,517	$3,386	0.3%	$58.89	+9.6%	COM	22052L104
WM	WASTE MGMT INC DEL	8,175	$1,796	0.2%	$53.76	+295.4%	COM	94106L109
VV	VANGUARD INDEX FDS	1,249	$393	0.0%	$156.21	—	LARGE CAP ETF	922908637
TRP	TC ENERGY CORP	12,181	$670	0.1%	$38.47	+38.7%	COM	87807B107
SH	PROSHARES TR	7,047	$254	0.0%	$42.38	—	SHORT S&P 500 NE	74349Y753
TLT	ISHARES TR	2,860	$249	0.0%	$88.25	—	20 YR TR BD ETF	464287432
OKE	ONEOK INC NEW	11,523	$847	0.1%	$52.93	+33.1%	COM	682680103
IUSV	ISHARES TR	2,061	$211	0.0%	$99.95	—	CORE S&P US VLU	464287663
JPM	JPMORGAN CHASE & CO.	1,417	$457	0.0%	$157.99	+95.9%	COM	46625H100
EQT	EQT CORP	6,258	$335	0.0%	$33.92	+65.5%	COM	26884L109
VNOM	VIPER ENERGY INC	11,296	$436	0.0%	$38.10	-0.6%	CL A	64361Q101
PFF	ISHARES TR	6,855	$212	0.0%	$31.19	—	PFD AND INCM SEC	464288687
—	ABRDN TOTAL DYNAMIC DIVIDEND	15,115	$147	0.0%	$8.11	—	COM SH BEN INT	00326L100
—	EATON VANCE SR FLTNG RTE TR	11,500	$128	0.0%	$14.24	—	COM	27828Q105
IWF	ISHARES TR	549	$260	0.0%	$214.24	—	RUS 1000 GRW ETF	464287614
—	CALAMOS CONV & HIGH INCOME F	17,500	$198	0.0%	$12.42	—	COM SHS	12811P108
SPH	SUBURBAN PROPANE PARTNERS L	11,080	$205	0.0%	$16.07	—	UNIT LTD PARTN	864482104
—	NUVEEN MUN VALUE FD INC	14,839	$134	0.0%	$8.71	—	COM	670928100
BANX	ARROWMARK FINANCIAL CORP	10,890	$238	0.0%	$12.18	+69.2%	COM	861780104
YUM	YUM BRANDS INC	22,998	$3,479	0.3%	$139.01	+6.2%	COM	988498101
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$755	0.1%	$199512.94	+274.1%	CL A	084670108
—	GAMCO GLOBAL GOLD NAT RES &	91,750	$473	0.0%	$4.25	—	COM SH BEN INT	36465A109