Socorro Asset Management LP Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XEL	XCEL ENERGY INC	97,201 (+43.7%)	$7,179 (+31.6%)	2.8%	$73.45	+6.6%	COM	98389B100
DHR	DANAHER CORPORATION	29,511 (+6.8%)	$6,756 (+23.3%)	2.6%	$199.71	+9.9%	COM	235851102
MSFT	MICROSOFT CORP	19,701 (+19.7%)	$9,528 (+11.8%)	3.7%	$303.33	+65.0%	COM	594918104
HD	HOME DEPOT INC	24,356 (+6.1%)	$8,381 (-9.9%)	3.2%	$297.85	+22.4%	COM	437076102
APD	AIR PRODS & CHEMS INC	30,466 (+1.9%)	$7,526 (-7.7%)	2.9%	$261.45	-3.7%	COM	009158106
PNC	PNC FINL SVCS GROUP INC	53,072 (+2.0%)	$11,078 (+6.0%)	4.3%	$140.06	+37.6%	COM	693475105
OKE	ONEOK INC NEW	88,088 (+4.2%)	$6,474 (+4.9%)	2.5%	$80.26	-12.2%	COM	682680103
JPM	JPMORGAN CHASE & CO.	28,604 (+1.2%)	$9,217 (+3.4%)	3.6%	$133.44	+132.0%	COM	46625H100
FERG	FERGUSON ENTERPRISES INC	30,507 (+1.7%)	$6,792 (+0.8%)	2.6%	$195.75	+21.6%	COMMON STOCK NEW	31488V107

Exited Positions (2)

CTRA COTERRA ENERGY INC 2.5%

Value ($000) $6,553 Shares 277,066 Est. Cost $22.71 Unrealized +10.5%

ARE ALEXANDRIA REAL ESTATE EQ IN 2.0%

Value ($000) $5,196 Shares 62,346 Est. Cost $99.96 Unrealized -42.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CTRA	COTERRA ENERGY INC	277,066	$6,553	2.5%	$22.71	+10.5%	—	127097103
ARE	ALEXANDRIA REAL ESTATE EQ IN	62,346	$5,196	2.0%	$99.96	-42.0%	—	015271109

Decreased Positions (21)

SRE SEMPRA 4.6%

Value ($000) $11,823 (-15.3%) Shares 133,912 (-13.6%) Est. Cost $65.89 Unrealized +37.4%

AMT AMERICAN TOWER CORP NEW 3.4%

Value ($000) $8,869 (-18.8%) Shares 50,517 (-11.0%) Est. Cost $198.73 Unrealized -9.3%

PFE PFIZER INC 3.7%

Value ($000) $9,493 (-15.5%) Shares 381,226 (-13.5%) Est. Cost $24.85 Unrealized +0.7%

— NEXTERA ENERGY INC 4.0%

Value ($000) $10,199 (-14.4%) Shares 197,000 (-17.6%) Est. Cost $53.41 Unrealized —

UNP UNION PAC CORP 2.9%

Value ($000) $7,391 (-13.8%) Shares 31,953 (-11.9%) Est. Cost $193.70 Unrealized +17.4%

TFC TRUIST FINL CORP 2.2%

Value ($000) $5,657 (-17.2%) Shares 114,947 (-23.1%) Est. Cost $36.00 Unrealized +27.2%

TXN TEXAS INSTRS INC 3.7%

Value ($000) $9,596 (-9.5%) Shares 55,314 (-4.1%) Est. Cost $158.61 Unrealized +7.6%

MLM MARTIN MARIETTA MATLS INC 3.4%

Value ($000) $8,651 (-9.7%) Shares 13,894 (-8.6%) Est. Cost $382.32 Unrealized +62.5%

DIS DISNEY WALT CO 3.3%

Value ($000) $8,435 (-8.4%) Shares 74,138 (-7.8%) Est. Cost $104.44 Unrealized +4.9%

PLD PROLOGIS INC. 3.7%

Value ($000) $9,440 (-6.5%) Shares 73,945 (-16.1%) Est. Cost $99.92 Unrealized +23.9%

CPT CAMDEN PPTY TR 3.4%

Value ($000) $8,832 (-5.6%) Shares 80,236 (-8.4%) Est. Cost $103.49 Unrealized -0.3%

MS MORGAN STANLEY 4.3%

Value ($000) $11,226 (+4.6%) Shares 63,235 (-6.3%) Est. Cost $86.24 Unrealized +93.0%

ALC ALCON AG 2.9%

Value ($000) $7,467 (-5.9%) Shares 94,750 (-11.1%) Est. Cost $78.75 Unrealized -2.2%

JCI JOHNSON CTLS INTL PLC 3.0%

Value ($000) $7,703 (-5.1%) Shares 64,329 (-12.9%) Est. Cost $59.63 Unrealized +92.5%

KO COCA COLA CO 3.8%

Value ($000) $9,846 (-3.4%) Shares 140,843 (-8.4%) Est. Cost $50.08 Unrealized +38.6%

AAPL APPLE INC 2.9%

Value ($000) $7,591 (-4.0%) Shares 27,922 (-10.1%) Est. Cost $149.36 Unrealized +79.7%

BAC BANK AMERICA CORP 3.2%

Value ($000) $8,383 (+3.9%) Shares 152,417 (-2.5%) Est. Cost $32.24 Unrealized +63.3%

EXE EXPAND ENERGY CORPORATION 3.3%

Value ($000) $8,623 (-3.5%) Shares 78,131 (-7.1%) Est. Cost $103.30 Unrealized +7.1%

LRCX LAM RESEARCH CORP 2.8%

Value ($000) $7,283 (+2.2%) Shares 42,544 (-20.1%) Est. Cost $75.81 Unrealized +104.9%

— ADVANCED ENERGY INDS 3.2%

Value ($000) $8,201 (-1.4%) Shares 5,000,000 (-16.7%) Est. Cost $1.05 Unrealized —

SLB SLB LIMITED 2.6%

Value ($000) $6,727 (-1.5%) Shares 175,276 (-11.8%) Est. Cost $45.09 Unrealized -20.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SRE	SEMPRA	133,912 (-13.6%)	$11,823 (-15.3%)	4.6%	$65.89	+37.4%	COM	816851109
AMT	AMERICAN TOWER CORP NEW	50,517 (-11.0%)	$8,869 (-18.8%)	3.4%	$198.73	-9.3%	COM	03027X100
PFE	PFIZER INC	381,226 (-13.5%)	$9,493 (-15.5%)	3.7%	$24.85	+0.7%	COM	717081103
—	NEXTERA ENERGY INC	197,000 (-17.6%)	$10,199 (-14.4%)	4.0%	$53.41	—	UNIT 06/01/2027	65339F663
UNP	UNION PAC CORP	31,953 (-11.9%)	$7,391 (-13.8%)	2.9%	$193.70	+17.4%	COM	907818108
TFC	TRUIST FINL CORP	114,947 (-23.1%)	$5,657 (-17.2%)	2.2%	$36.00	+27.2%	COM	89832Q109
TXN	TEXAS INSTRS INC	55,314 (-4.1%)	$9,596 (-9.5%)	3.7%	$158.61	+7.6%	COM	882508104
MLM	MARTIN MARIETTA MATLS INC	13,894 (-8.6%)	$8,651 (-9.7%)	3.4%	$382.32	+62.5%	COM	573284106
DIS	DISNEY WALT CO	74,138 (-7.8%)	$8,435 (-8.4%)	3.3%	$104.44	+4.9%	COM	254687106
PLD	PROLOGIS INC.	73,945 (-16.1%)	$9,440 (-6.5%)	3.7%	$99.92	+23.9%	COM	74340W103
CPT	CAMDEN PPTY TR	80,236 (-8.4%)	$8,832 (-5.6%)	3.4%	$103.49	-0.3%	SH BEN INT	133131102
MS	MORGAN STANLEY	63,235 (-6.3%)	$11,226 (+4.6%)	4.3%	$86.24	+93.0%	COM NEW	617446448
ALC	ALCON AG	94,750 (-11.1%)	$7,467 (-5.9%)	2.9%	$78.75	-2.2%	ORD SHS	H01301128
JCI	JOHNSON CTLS INTL PLC	64,329 (-12.9%)	$7,703 (-5.1%)	3.0%	$59.63	+92.5%	SHS	G51502105
KO	COCA COLA CO	140,843 (-8.4%)	$9,846 (-3.4%)	3.8%	$50.08	+38.6%	COM	191216100
AAPL	APPLE INC	27,922 (-10.1%)	$7,591 (-4.0%)	2.9%	$149.36	+79.7%	COM	037833100
BAC	BANK AMERICA CORP	152,417 (-2.5%)	$8,383 (+3.9%)	3.2%	$32.24	+63.3%	COM	060505104
EXE	EXPAND ENERGY CORPORATION	78,131 (-7.1%)	$8,623 (-3.5%)	3.3%	$103.30	+7.1%	COM	165167735
LRCX	LAM RESEARCH CORP	42,544 (-20.1%)	$7,283 (+2.2%)	2.8%	$75.81	+104.9%	COM NEW	512807306
—	ADVANCED ENERGY INDS	5,000,000 (-16.7%)	$8,201 (-1.4%)	3.2%	$1.05	—	NOTE 2.500% 9/1	007973AE0
SLB	SLB LIMITED	175,276 (-11.8%)	$6,727 (-1.5%)	2.6%	$45.09	-20.0%	COM STK	806857108

Unchanged Positions (1)

NEE NEXTERA ENERGY INC 0.1%

Value ($000) $228 Shares 2,842 Est. Cost $68.10 Unrealized +21.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NEE	NEXTERA ENERGY INC	2,842	$228	0.1%	$68.10	+21.2%	COM	65339F101