Atlas Wealth LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Atlas Wealth LLC reported 225 stock positions worth $565.7 million. Its top holding was SRH Total Return Fund (STEW) at 8.8% of the portfolio, followed by Adams Diversified Equity (ADX, 5.3%) and Central Securities (CET, 4.4%). Compared with Q1 2024, it opened 165 new positions, sold out of 7, added to 12 and reduced 23. The biggest buy was a new position in SRH Total Return Fund (STEW) and the biggest sale Procter & Gamble (PG, shares −3%).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001964106
Portfolio Value
$565.7M (Q2 2024)
SEC Filing
0001765380-24-000252 ↗ filed Jul 31, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $122.8M Q1 2024 Q2 2024: $565.7M $565.7M Q2 2024 Q3 2024: $156.9M Q3 2024 Q4 2024: $190.3M Q4 2024 Q1 2025: $183.3M Q1 2025 Q2 2025: $202.4M Q2 2025 Q3 2025: $234.3M Q3 2025 Q4 2025: $251.3M Q4 2025 Q1 2026: $251.3M Q1 2026 Q2 2026: $618.2M Q2 2026

Holdings 225 stocks · $565.7M
STEW SRH Total Return Fund Inc. 8.84% 3,442,603 $50.0M New
ADX Adams Diversified Equity 5.27% 1,372,873 $29.8M New
CET Central Securities Corp. 4.40% 563,294 $24.9M New
BGB Blackstone Strategic Credit 3.63% 1,694,161 $20.5M New
XHIEX Miller/Howard High Income Eq 3.57% 1,812,477 $20.2M New
AAPL Apple Inc. 3.38% 86,338 $19.1M Add +0.2%
GAM General American Investors 3.37% 381,822 $19.1M New
PG The Procter & Gamble Co. 2.55% 88,189 $14.4M Reduce -2.8%
MSFT Microsoft Corp. 2.36% 29,015 $13.4M No change
XMIOX Pioneer Muni High Inc. Opp 2.31% 1,116,850 $13.1M New
BCAT BlackRock Capital Alloc TR 2.29% 780,335 $13.0M New
XJPIX Nuveen Preferred Securities 2.14% 619,139 $12.1M New
XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA 2.03% 988,553 $11.5M New
PCOXX Fed Herm Prime Cash Obl-WLTH 1.88% 10,622,320 $10.6M New
FINS Angel Oak Financ Strat Inc. 1.79% 818,837 $10.1M New
BXSY Bexil Investment Trust 1.74% 788,525 $9.9M New
BSTZ BlackRock Sci & Tech TRM TR 1.71% 474,224 $9.7M New
NPFD Nuveen Var RT Pref & Inc. 1.65% 509,032 $9.4M New
GOOG Alphabet Inc. Class C 1.57% 47,331 $8.9M Reduce -0.3%
NPCT Nuveen Core Plus Impact 1.57% 808,637 $8.9M New
BLACKROCK HEALTH SCIENCES TE 1.24% 461,755 $7.0M New
HFRO Highland Opport & Income 1.24% 1,139,336 $7.0M New
GGZ Gabelli Global Small & M 1.23% 613,069 $7.0M New
AIRR First Trust Rba American Ind 1.21% 101,069 $6.9M Reduce -0.8%
TYG Tortoise Energy Infrastruct 1.10% 175,927 $6.2M New
NBXG Neuberger Next Generation Co. 1.08% 469,488 $6.1M New
JPM JPMorgan Chase & Co. 1.07% 29,050 $6.1M Reduce -0.9%
DTF DTF Tax-Free Income 2028 Ter 1.04% 532,093 $5.9M New
SEVEN HILLS REALTY TRUST 1.01% 447,647 $5.7M New
TBLD Thornburg Income Builder Opp 1.00% 347,704 $5.7M New
SDHY Pgim SHRT Durat Hi YLD 0.95% 348,638 $5.4M New
MMD Nylim Mackay Definedterm Mun filed as MAINSTAY MACKAY DEFINEDTERM 0.94% 323,207 $5.3M New
ASGI Abrdn Global Infrastructure 0.92% 278,111 $5.2M New
FTHY First Trust Hi YLD Opp 2027 0.91% 363,661 $5.2M New
PDX PIMCO Dynamic Income Strat 0.84% 208,575 $4.8M New
AMZN Amazon.com Inc. 0.81% 23,296 $4.6M Reduce -0.3%
AGQI First TR Act GLBL QLTY Inc. 0.78% 307,506 $4.4M Reduce -8.4%
GUG Guggenheim Active Allocation 0.78% 291,278 $4.4M New
BTT BlackRock 2030 Muni TRGT TRM 0.66% 179,785 $3.7M New
JHSC John Hancock Multi Small Cap 0.65% 99,401 $3.7M Reduce -4.2%
DMA Destra Multi-Alternative 0.61% 435,174 $3.5M New
CALF PCR US SM CP CSH CWS ETF-Usd 0.60% 78,725 $3.4M Add +7.8%
XMHIX Pioneer Muni High Inc. TR 0.59% 363,910 $3.3M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.58% 18,602 $3.3M Reduce -0.5%
MEGI Nylim CBRE GB Infra Mtrnd TF filed as MAINSTAY CBRE GBL INFRA MEG 0.55% 246,149 $3.1M New
WHGSX Westwood QLTY Smallcap-Inst 0.54% 152,999 $3.1M New
FIRST TR EXCHANGE-TRADED FD 0.53% 35,643 $3.0M Add +22.8%
NTG Tortoise Midstream Energy 0.52% 66,921 $2.9M New
GAMCO NAT RES GOLD & INCOME TR SH BEN INT 0.51% 517,537 $2.9M New
ECAT BlackRock ESG Cap All TRM TR 0.50% 159,770 $2.8M New
XDCFX BNYM Alcentra GLBL CRDT 2024 filed as BNY MELLON ALCENTRA GLOBAL C 0.48% 307,369 $2.7M New
TMO Thermo Fisher Scientific Inc. 0.47% 4,968 $2.7M Reduce -0.1%
COWZ Pacer US Cash Cows 100 ETF 0.44% 46,356 $2.5M Add +16.5%
JHMM John Hancock Multi Fact Mid 0.43% 44,893 $2.5M Add +0.5%
IGI Western Asst Inv GR Oppor TR 0.40% 132,578 $2.3M New
XHTAX Invesco Hi Inc. 2024 TRGT TRM 0.37% 286,133 $2.1M New
FTSIX Fullthaler Beh Smid Cor-Ins 0.37% 57,187 $2.1M New
BTX BlackRock Tech & Priv Eqty 0.37% 279,315 $2.1M New
RSP Invesco S&P 500 Equal Weight 0.36% 12,541 $2.1M Reduce -6.4%
TWN Taiwan Fund Inc./TH/MD-US Inc. 0.35% 45,015 $2.0M New
SDVY First Trust Smid Cap Rising 0.34% 58,691 $1.9M Add +20.8%
GDO Western Ast GLB Corp. Opprnty 0.34% 157,573 $1.9M New
XPMAX Pioneer Municipal High Inc. 0.32% 218,529 $1.8M New
ASA ASA Gold and Precious Metals 0.32% 97,090 $1.8M New
RGT Royce Global Trust Inc. 0.31% 154,850 $1.8M New
META Meta Platforms Inc. Class A 0.28% 3,108 $1.6M Reduce -0.2%
QCOM Qualcomm Inc. 0.23% 6,305 $1.3M No change
RMT Royce Micro-Cap Trust Inc. 0.23% 138,590 $1.3M New
RJF Raymond James Financial Inc. 0.23% 10,614 $1.3M Reduce -2.4%
AVUS Avantis U.S. Equity ETF 0.22% 13,995 $1.3M Reduce -0.1%
VFIAX Vanguard 500 Index-Adm 0.22% 2,478 $1.3M New
HQL Abrdn Life Sciences Investor 0.21% 83,322 $1.2M New
IIF Morgan Stanley India Invest 0.21% 43,799 $1.2M New
NML Neuberger Energy Infrastruct 0.20% 142,449 $1.1M New
FTCXX Fidelity Inv Tax Exmpt-R 0.19% 1,068,285 $1.1M New
BESIX WM Blair Em MRK S/C GR-I 0.19% 48,341 $1.1M New
DINT Davis Select International 0.19% 51,224 $1.0M Add +5.1%
AOUIX Angel Oak Ultrashrt Inc.-Inst 0.17% 97,662 $958K New
MRFIX MFS Research Fund-I 0.17% 15,088 $943K New
NVDA Nvidia Corp. 0.16% 7,077 $908K Add +9.4%
AVSC Avantis US Small Cap Equity 0.16% 18,122 $898K Reduce -9.5%
CSCO Cisco Systems Inc. 0.16% 19,054 $897K No change
GOIXX FH Government Obligation-Is 0.15% 839,232 $839K New
FESCX First Eagle SM Cap Opp-I 0.15% 81,033 $822K New
PNC PNC Financial Services Group 0.14% 5,178 $817K Reduce -6.3%
TMCPX Touchstone Mid Cap-Y 0.14% 15,092 $807K New
XMUIX BlackRock Municipal Income 0.14% 64,585 $791K New
TY Tri-Continental Corp. 0.14% 24,906 $778K New
FLR Fluor Corp. 0.14% 17,488 $772K Reduce -1.3%
RDVI FT Vest Rising Dividend Achi 0.14% 32,937 $771K Reduce -7.4%
OMFYX Invesco Amt-Fre Muni-Y 0.13% 109,447 $750K New
GRX Gabelli Healthcare & Well 0.13% 79,488 $749K New
WSBC Wesbanco Inc. 0.13% 26,961 $743K No change
MOAT Vaneck Morningstar Wide Moat 0.13% 8,608 $742K Add +21.2%
GOOGL Alphabet Inc. Class A 0.13% 3,960 $736K No change
GFFFX Amer FND GRW FD of Am-F2 filed as AMERICAN FUNDS GROWTH FU 0.13% 9,491 $709K New
AVEM Avantis Emerging Markets Eq 0.12% 11,124 $692K Reduce -11.2%
PEP Pepsico Inc. 0.12% 4,252 $691K No change
DFNL Davis Select Financial ETF 0.12% 20,512 $689K No change
BRK.B Berkshire Hathaway Inc. Class B 0.12% 1,667 $676K Reduce -3.1%
FIXIX Fidelity Adv Intl SM Cap-I 0.12% 20,483 $674K New
SYF Synchrony Financial 0.11% 13,654 $647K No change
NMCO Nuveen Municipal Credit Opp 0.11% 54,176 $595K New
AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS F-2 0.10% 10,151 $589K New
BSL Blackstone SNR Fltng RT 0.10% 40,455 $575K New
FTMSX Fullthaler Beh Micr Val-Inst 0.09% 21,650 $536K New
VINEBROOK HOMES TRUST, INC CLASS A 0.09% 9,141 $530K New
SGOIX First Eagle Overseas-I 0.09% 20,073 $527K New
TSEMX Touchstone Sands Em GR-Y 0.09% 33,439 $494K New
GE General Electric filed as GE AEROSPACE 0.09% 3,001 $489K Reduce -3.2%
DFAS Dimensional US Small Cap ETF 0.09% 8,136 $486K No change
XWIAX Western Asset Infl-Link Sec 0.09% 60,571 $486K New
TSLA Tesla Inc. 0.09% 1,951 $481K Reduce -11.8%
PRIDX T Rowe Price Intl Disc-Inv 0.08% 7,253 $481K New
TCAF T Rowe PRC Cap Appreciation 0.08% 15,049 $476K Add +59.3%
CPZ Calamos LNG/SHRT Eqty & DYN 0.08% 30,078 $464K New
MXE Mexico Equity and Income FD 0.08% 48,141 $463K New
INVESCO S&P SMALLCAP FINANCIALS ETF 0.08% 9,720 $462K No change
ORCL Oracle Corp. 0.08% 3,182 $459K No change
AVUV Avantis US Small Cap Value 0.08% 4,934 $442K No change
BLACKROCK 529 COLLEGE ADVNTGE GLOBAL ALLOCATION OPTION I N/L 0.08% 19,229 $432K New
ELV Elevance Health Inc. 0.08% 810 $430K No change
HFQIX Janus Hndrsn GL Eq Inc. Class I 0.07% 64,936 $406K New
PEO Adams Natural Resources Fund 0.07% 16,622 $392K New
SGIIX First Eagle Global-I 0.07% 5,552 $382K New
WICVX Wasatch Small Cap Value-Ins 0.07% 35,001 $382K New
IVOIX Nomura Mid CP Income Opp-Ins 0.07% 20,234 $381K New
UPS United Parcel Service Class B 0.07% 2,751 $373K No change
HGLB Highland Global Allocation 0.07% 48,754 $371K New
EISMX Eaton Vance Atl Cap Smid-I 0.07% 9,183 $369K New
EMRYX Vaneck Emerging Markets-Y 0.06% 24,075 $361K New
VAFIX Invesco American Franch-Y 0.06% 12,014 $359K New
T AT&T Inc. 0.06% 18,583 $347K Reduce -0.7%
MDIJX MFS Intl Diversificat-I 0.06% 14,511 $344K New
FRDAX Franklin Rising Dividend-Adv 0.06% 3,565 $332K New
EISIX Carillon Clrvst Intl STK-I 0.06% 13,491 $330K New
CAH Cardinal Health Inc. 0.06% 3,379 $323K No change
TOIXX Federated Hermes TR Obl-Inst 0.06% 322,454 $322K New
FINSX Fidelity Adv NW Insghts-I 0.06% 7,490 $321K New
WMT Walmart Inc. 0.06% 4,689 $320K No change
FCWGX Af Cap WLRD GR & Inc.-529F2 0.06% 4,788 $319K New
SMOT Vaneck Morningstar Smid Moat 0.06% 10,021 $318K Add +17.6%
FGB First Trust Special Financ 0.06% 79,231 $313K New
CVS CVS Health Corp. 0.06% 5,499 $312K Reduce -22.4%
BLACKROCK 529 COLLEGE ADVNTGE CAPITAL APPRECIATION OPT I N/L 0.05% 4,350 $308K New
RLTY Cohen & Steers RL Est Opprt 0.05% 21,440 $303K New
CCIZX Columbia SLGM Tech & Info-I 0.05% 1,934 $299K New
ICAFX Amer FND Inv Co. of Am-F2 filed as AMERICAN FUNDS INVMT CO 0.05% 5,173 $299K New
RDVY First Trust Rising Dividend 0.05% 5,432 $298K Add +12.8%
EMR Emerson Electric Co. 0.05% 2,666 $292K No change
TFFYX Touchstone Focused Eqty-Y 0.05% 4,109 $288K New
MWTIX TCW Metwest TTL RTRN BND-I filed as METROPOLITAN WEST TOTAL 0.05% 32,239 $288K New
BNY Mellon Strategic Municipal Bond Fund Inc 0.05% 49,113 $288K New
KSM DWS Strategic Municipal Inc. 0.05% 29,125 $288K New
MCD McDonald's Corp. 0.05% 1,151 $288K No change
FGGPX Amer FNDS GLBL Grwth-529F2 0.05% 12,430 $285K New
DNVYX Davis New York Venture-Y 0.05% 9,670 $284K New
SAPYX Clearbridge Appreciation-I 0.05% 7,718 $273K New
JNJ Johnson & Johnson 0.05% 1,860 $271K No change
BLACKROCK 529 COLLEGE ADVNTGE COLLEGE 2024 OPTCL I N/L 0.05% 19,809 $269K New
FAFGX Amer FND GRW FD of Am-529F2 0.04% 3,403 $255K New
MOTI Vaneck Mstar Int Moat ETF 0.04% 7,760 $248K No change
XGDVX Gabelli Dividend & Income TR 0.04% 10,618 $242K New
LVMUY LVMH Moet Hennessy-Unsp ADR 0.04% 1,558 $241K New
KR Kroger Co. 0.04% 4,719 $239K No change
HQH Abrdn Healthcare Investors 0.04% 13,353 $234K New
MUE BlackRock Munihold QLT FD II 0.04% 22,881 $233K New
NOC Northrop Grumman Corp. 0.04% 532 $233K No change
AVDV Avantis Intl S/C Value ETF 0.04% 3,486 $231K New
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.04% 2,079 $227K No change
BLACKROCK 529 COLLEGE ADVNTGE COLLEGE 2027 OPT CL I N/L 0.04% 14,807 $224K New
PRSVX T Rowe PR SM Cap Val-Inv 0.04% 4,088 $213K New
GS FINANCE CORP (GS 0 02/26/26 DMUI) 0.04% 200,000 $209K New
ETX Eaton Vance Muni Inc. 2028 TM 0.04% 10,876 $204K New
FFPNX Amer FNDS New Perspect-529F2 0.04% 3,202 $203K New
CBH Virtus Convertible & Income 0.04% 22,377 $202K New
CXE MFS High Income Municipal TR 0.04% 53,663 $201K New
SWZ Total Return Securities Fund 0.03% 24,129 $196K New
BLACKROCK 529 COLLEGE ADVNTGE ENROLL OPTION CL I N/L 0.03% 14,593 $186K New
AFB Allianceberstein NTL Muni 0.03% 16,719 $186K New
AMKIX Amer Cent Emerg MKTS-I 0.03% 15,897 $184K New
MFS HIGH YIELD MUN TR SH BEN INT 0.03% 52,316 $180K New
KYN Kayne Anderson Energy Infra 0.03% 15,214 $158K New
FFBOX The BND FND of America-529F2 0.03% 13,169 $147K New
AEF Abrdn Emerging Markets Ex CH 0.03% 27,014 $145K New
XJEQX Abrdn Japan Equity Fund Inc. 0.03% 23,828 $142K New
RIG Transocean Ltd. 0.02% 26,927 $139K New
JOF Japan Smaller Capitalization 0.02% 18,397 $139K New
SPE Special Opportunities Fund 0.02% 10,371 $138K New
CEV Eaton Vance Ca Muni Inc. TRST 0.02% 11,719 $128K New
MAFOX BlackRock LRG Cap Foc GR-I 0.02% 14,764 $128K New
KAUIX Federated Herm Kaufmann-Is 0.02% 18,259 $109K New
GRF Eagle Capital Growth Fund 0.02% 10,903 $102K New
WIW Western Asst Infl-LNK Opp 0.02% 11,533 $99K New
FOWLER SD-CABS-2004-C (CA FOWSCD 0 08/01/2049) 0.02% 300,000 $91K New
GDL GDL Fund 0.01% 10,787 $85K New
FRIAX Franklin Income Fund-Adv 0.01% 34,144 $79K New
FRGXX Fidelity Inv MMKT Govt-Inst filed as FIMM GOVERNMENT PORTFOLIO MONEY MARKET INSTL CL M/M 0.01% 73,317 $73K New
GNR 2021-146 EA (GNR 2021-146 EA) 0.01% 140,000 $66K New
OH TPK COMMN-CABS-A2 (OH OHSTRN 0 02/15/2036) filed as OHIO ST TPKE COMMN TPKE REV, REV BDS, INFRASTRUCTURE PROJ 0.01% 100,000 $63K New
NXDT Nexpoint Diversified Real Es 0.01% 11,205 $62K New
BLACKROCK 529 COLLEGE ADVNTGE MONEY MARKET OPTION CL I M/M 0.01% 46,600 $47K New
OHIO ST-A-REF (OH OHS 5 09/01/2025) 0.01% 45,000 $46K New
HAMILTON CO SWR-A-REF (OH HAMUTL 5 12/01/2024) 0.01% 45,000 $45K New
CLEVELAND-CUYAHOGA CN (OH CLETRN 5 08/01/2024) 0.01% 45,000 $45K New
CINCINNATI SD REF (OH CINSCD 5.25 12/01/2024) 0.01% 35,000 $35K New
OHIO ST-A-REF (OH OHS 5 09/15/2025) 0.01% 30,000 $31K New
N TEX TWY AUTH-BABS (TX NRTTRN 8.41 02/01/2030) filed as NORTH TX TWY AUTH REV, SUB LIEN REV BDS, BUILD AMERICA BONDS DIRECT PAY 0.00% 26,000 $28K New
GENERAL ELECTRIC CO (GE 4.3 10/15/25 NOTZ) 0.00% 26,000 $26K New
GENERAL ELECTRIC CO (GE 4 07/15/29 NOTZ) 0.00% 25,000 $24K New
RESTRUCTURED-SER A-2 (PR PRCGEN 4.33 07/01/2040) filed as PUERTO RICO SALES TAX FING CORP SALES TAX REV, RESTRUCTURED, COFINA 0.00% 23,000 $22K New
UPLAND USD-C-2008-CAB (CA UPLSCD 0 08/01/2050) 0.00% 60,000 $18K New
FNSXX Fidelity Money MRKT Port-Ins 0.00% 17,268 $17K New
PR SALES TAX FING-A1 (PR PRCGEN 5 07/01/2058) filed as PUERTO RICO SALES TAX FING CORP SALES TAX REV, RESTRUCTURED BDS, COFINA 0.00% 15,000 $15K New
MORGAN STANLEY (MS 5 09/13/24 NOTZ) 0.00% 10,000 $10K New
OH ST ECON DEV (OH OHSDEV 3.25 12/01/2029) filed as OHIO ST ECONOMIC DEV REV, REV BDS, CLINTON CNTY PORT AUTH AMES PROJ 0.00% 10,000 $10K New
PR SALES TAX FING-A1 (PR PRCGEN 0 07/01/2046) filed as PUERTO RICO SALES TAX FING CORP SALES TAX REV, RESTRUCTURED BDS, COFINA 0.00% 21,000 $7K New
GOLDEN VY USD-B (CA GVYSCD 0 08/01/2037) 0.00% 10,000 $6K New
MET PIER-B-CABS (IL MPNFAC 0 12/15/2051) filed as METROPOLITAN PIER & EXPOSITION AUTH IL REV, BDS, MCCORMICK PLACE EXPANSION 0.00% 20,000 $5K New
PR SALES TAX FING-A1 (PR PRCGEN 0 07/01/2051) filed as PUERTO RICO SALES TAX FING CORP SALES TAX REV, RESTRUCTURED BDS, COFINA 0.00% 17,000 $4K New
MIAMI SPL OBLIG-CABS (FL MIAGEN 0 10/01/2044) filed as MIAMI-DADE CNTY FL SPL OBLIG, SUB BDS 0.00% 10,000 $4K New
PVCT Provectus Biopharmaceutica-A 0.00% 26,620 $3K No change
FNR 2005-109 GD (FNR 2005-109 GD) 0.00% 25,000 $2K New
BIOF Blue Biofuels Inc. 0.00% 24,300 $2K No change
FN 919405 (FN 919405) filed as FANNIE MAE 0.00% 10,000 $25 New
Other holdings (17): bonds, preferreds, convertibles and warrants · $78.4M (not counted above)
SecurityClassShares / PrincipalValueChange
US BANCORP (USB F PERP B*) COM 1,065,315$23.0MAdd +0.5%
BANK OF AMERICA CORP (BAC F PERP 02) COM 765,056$17.5MReduce -0.4%
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 471,226$11.0MReduce -15.2%
MORGAN STANLEY (MS F PERP +A) COM 390,643$8.9MReduce -11.0%
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 309,036$7.1MReduce -12.7%
BANK OF AMERICA CORP (BAC F PERP 01) Preferred Stock 258,633$5.9MReduce -4.3%
BANK OF AMERICA CORP (BAC F PERP +5) Equities 64,737$1.5MAdd +1.5%
BANK OF AMERICA CORP (BAC F PERP E) Equities 48,756$1.2MReduce -39.8%
BANK OF AMERICA CORP (BAC F PERP +4) COM 40,023$916KNo change
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock 31,482$770KReduce -38.8%
NEXPOINT DIV REAL ESTA (NXDT 5.5 PERP A) Preferred Stock 39,136$563KNo change
TSY INFL IX N/B (TII 0.125 04/15/26) U.S. Treasury Notes (Incl Ips) 20,000$23KNew
TSY INFL IX N/B (TII 0.125 07/15/24) U.S. Treasury Note (current factor) Inflation Index 10,000$13KNew
TSY INFL IX N/B (TII 0.375 01/15/27) #N/A 10,000$12KNew
TSY INFL IX N/B (TII 0.5 01/15/28) U.S. Treasury Note (current factor) Inflation Index 10,000$12KNew
TSY INFL IX N/B (TII 0.75 07/15/28) U.S. Treasury Note (current factor) Inflation Index 10,000$12KNew
TSY INFL IX N/B (TII 0.125 10/15/26) TIP 10,000$11KNew

Total filed on the 13F, all lines: $644.1M.

Portfolio Sells Q1 2024 → Q2 2024
PG The Procter & Gamble Co. Reduce -2.8% 2.55% −9.44
AIRR First Trust Rba American Ind Reduce -0.8% 1.21% −4.37
GOOG Alphabet Inc. Class C Reduce -0.3% 1.57% −4.31
JPM JPMorgan Chase & Co. Reduce -0.9% 1.07% −3.71
AGQI First TR Act GLBL QLTY Inc. Reduce -8.4% 0.78% −3.02
AMZN Amazon.com Inc. Reduce -0.3% 0.81% −2.62
JHSC John Hancock Multi Small Cap Reduce -4.2% 0.65% −2.61
IBM Intl Business Machines Corp. Reduce -0.5% 0.58% −2.33
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 0.47% −1.88
RSP Invesco S&P 500 Equal Weight Reduce -6.4% 0.36% −1.48
META Meta Platforms Inc. Class A Reduce -0.2% 0.28% −0.95
RJF Raymond James Financial Inc. Reduce -2.4% 0.23% −0.91
EMO Clearbridge Energy Midstream Sold out 0.00% −0.80
AVUS Avantis U.S. Equity ETF Reduce -0.1% 0.22% −0.80
AVSC Avantis US Small Cap Equity Reduce -9.5% 0.16% −0.70
PNC PNC Financial Services Group Reduce -6.3% 0.14% −0.58
RDVI FT Vest Rising Dividend Achi Reduce -7.4% 0.14% −0.57
FLR Fluor Corp. Reduce -1.3% 0.14% −0.47
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.1% 0.12% −0.47
AVEM Avantis Emerging Markets Eq Reduce -11.2% 0.12% −0.47
CVS CVS Health Corp. Reduce -22.4% 0.06% −0.40
GE General Electric Reduce -3.2% 0.09% −0.36
TSLA Tesla Inc. Reduce -11.8% 0.09% −0.23
T AT&T Inc. Reduce -0.7% 0.06% −0.21
FCSH Fed Hermes Short Dur Corp. Sold out 0.00% −0.20
BAC Bank of America Corp. Sold out 0.00% −0.19
HD Home Depot Inc. Sold out 0.00% −0.17
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.17
AMERISOURCEBERGEN CORP Sold out 0.00% −0.17
GNW Genworth Financial Inc. Sold out 0.00% −0.07

Portfolio Buys Q1 2024 → Q2 2024
STEW SRH Total Return Fund Inc. New 8.84% +8.84
ADX Adams Diversified Equity New 5.27% +5.27
CET Central Securities Corp. New 4.40% +4.40
BGB Blackstone Strategic Credit New 3.63% +3.63
XHIEX Miller/Howard High Income Eq New 3.57% +3.57
GAM General American Investors New 3.37% +3.37
XMIOX Pioneer Muni High Inc. Opp New 2.31% +2.31
BCAT BlackRock Capital Alloc TR New 2.29% +2.29
XJPIX Nuveen Preferred Securities New 2.14% +2.14
XTEAX Tortoise Sust&social Imp Ter New 2.03% +2.03
PCOXX Fed Herm Prime Cash Obl-WLTH New 1.88% +1.88
FINS Angel Oak Financ Strat Inc. New 1.79% +1.79
BXSY Bexil Investment Trust New 1.74% +1.74
BSTZ BlackRock Sci & Tech TRM TR New 1.71% +1.71
NPFD Nuveen Var RT Pref & Inc. New 1.65% +1.65
NPCT Nuveen Core Plus Impact New 1.57% +1.57
BLACKROCK HEALTH SCIENCES TE New 1.24% +1.24
HFRO Highland Opport & Income New 1.24% +1.24
GGZ Gabelli Global Small & M New 1.23% +1.23
TYG Tortoise Energy Infrastruct New 1.10% +1.10
NBXG Neuberger Next Generation Co. New 1.08% +1.08
DTF DTF Tax-Free Income 2028 Ter New 1.04% +1.04
SEVEN HILLS REALTY TRUST New 1.01% +1.01
TBLD Thornburg Income Builder Opp New 1.00% +1.00
SDHY Pgim SHRT Durat Hi YLD New 0.95% +0.95
MMD Nylim Mackay Definedterm Mun New 0.94% +0.94
ASGI Abrdn Global Infrastructure New 0.92% +0.92
FTHY First Trust Hi YLD Opp 2027 New 0.91% +0.91
PDX PIMCO Dynamic Income Strat New 0.84% +0.84
GUG Guggenheim Active Allocation New 0.78% +0.78
BTT BlackRock 2030 Muni TRGT TRM New 0.66% +0.66
DMA Destra Multi-Alternative New 0.61% +0.61
XMHIX Pioneer Muni High Inc. TR New 0.59% +0.59
MEGI Nylim CBRE GB Infra Mtrnd TF New 0.55% +0.55
WHGSX Westwood QLTY Smallcap-Inst New 0.54% +0.54
NTG Tortoise Midstream Energy New 0.52% +0.52
GAMCO NAT RES GOLD & INCOME TR SH BEN INT New 0.51% +0.51
ECAT BlackRock ESG Cap All TRM TR New 0.50% +0.50
XDCFX BNYM Alcentra GLBL CRDT 2024 New 0.48% +0.48
IGI Western Asst Inv GR Oppor TR New 0.40% +0.40
XHTAX Invesco Hi Inc. 2024 TRGT TRM New 0.37% +0.37
FTSIX Fullthaler Beh Smid Cor-Ins New 0.37% +0.37
BTX BlackRock Tech & Priv Eqty New 0.37% +0.37
TWN Taiwan Fund Inc./TH/MD-US Inc. New 0.35% +0.35
GDO Western Ast GLB Corp. Opprnty New 0.34% +0.34
XPMAX Pioneer Municipal High Inc. New 0.32% +0.32
ASA ASA Gold and Precious Metals New 0.32% +0.32
RGT Royce Global Trust Inc. New 0.31% +0.31
RMT Royce Micro-Cap Trust Inc. New 0.23% +0.23
VFIAX Vanguard 500 Index-Adm New 0.22% +0.22

Notes & Other Activity Q1 2024 → Q2 2024
US BANCORP (USB F PERP B*) COM Add +0.5% 1,065,315 $23.0M
BANK OF AMERICA CORP (BAC F PERP 02) COM Reduce -0.4% 765,056 $17.5M
GOLDMAN SACHS GROUP INC (GS F PERP A) COM Reduce -15.2% 471,226 $11.0M
MORGAN STANLEY (MS F PERP +A) COM Reduce -11.0% 390,643 $8.9M
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock Reduce -12.7% 309,036 $7.1M
BANK OF AMERICA CORP (BAC F PERP 01) Preferred Stock Reduce -4.3% 258,633 $5.9M
BANK OF AMERICA CORP (BAC F PERP +5) Equities Add +1.5% 64,737 $1.5M
BANK OF AMERICA CORP (BAC F PERP E) Equities Reduce -39.8% 48,756 $1.2M
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock Reduce -38.8% 31,482 $770K
METLIFE INC (MET F PERP A) Bond Sold out 26,151 $624Kbefore exit
TSY INFL IX N/B (TII 0.125 04/15/26) U.S. Treasury Notes (Incl Ips) New 20,000 $23K
TSY INFL IX N/B (TII 0.125 07/15/24) U.S. Treasury Note (current factor) Inflation Index New 10,000 $13K
TSY INFL IX N/B (TII 0.375 01/15/27) #N/A New 10,000 $12K
TSY INFL IX N/B (TII 0.5 01/15/28) U.S. Treasury Note (current factor) Inflation Index New 10,000 $12K
TSY INFL IX N/B (TII 0.75 07/15/28) U.S. Treasury Note (current factor) Inflation Index New 10,000 $12K
TSY INFL IX N/B (TII 0.125 10/15/26) TIP New 10,000 $11K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 165$618.2MSTEW, CET, AAPL, VFLO, SDHY
Q1 2026Amended 102$251.3MAAPL, VFLO, GOOG, PG, AIRR
Q4 2025 95$251.3MAAPL, VFLO, GOOG, MSFT, PG
Q3 2025 95$234.3MAAPL, MSFT, PG, JAAA, GOOG
Q2 2025 96$202.4MAAPL, RSP, MSFT, PG, JAAA
Q1 2025 84$183.3MRSP, AAPL, PG, MSFT, JAAA
Q4 2024 81$190.3MRSP, AAPL, PG, MSFT, GOOG
Q3 2024 69$156.9MRSP, AAPL, PG, MSFT, GOOG
Q2 2024 225$565.7MSTEW, ADX, CET, BGB, XHIEX
Q1 2024 67$122.8MAAPL, PG, MSFT, GOOG, AIRR