Oxbow Advisors, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Oxbow Advisors, LLC reported 209 stock positions worth $827.5 million. Its top holding was F/M US Treasury 3 Month Bill (TBIL) at 13.5% of the portfolio, followed by iShares Gold Trust (IAU, 5.8%) and Enterprise Products Partners (EPD, 5.1%). Compared with Q3 2024, it opened 20 new positions, sold out of 25, added to 69 and reduced 73. The biggest buy was F/M US Treasury 3 Month Bill (TBIL, shares +45%) and the biggest sale iShares Treasury Floating Ra (TFLO, shares −89%).

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0001564770
Portfolio Value
$827.5M (Q4 2024)
SEC Filing
0001667731-25-000200 ↗ filed Feb 3, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $702.3M Q1 2024 Q2 2024: $826.3M Q2 2024 Q3 2024: $980.3M Q3 2024 Q4 2024: $827.5M $827.5M Q4 2024 Q1 2025: $924.1M Q1 2025 Q2 2025: $898.8M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 209 stocks · $827.5M
TBIL F/M US Treasury 3 Month Bill 13.47% 2,235,547 $111.5M Add +44.7%
IAU iShares Gold Trust 5.77% 964,715 $47.8M Reduce -0.5%
EPD Enterprise Products Partners 5.11% 1,349,296 $42.3M Reduce -0.9%
MSFT Microsoft Corp. 4.01% 78,674 $33.2M Add +2.4%
AAPL Apple Inc. 3.46% 114,194 $28.6M Add +2.0%
GOOG Alphabet Inc. Class C 3.34% 145,205 $27.7M Add +7.1%
MPLX MPLX LP 2.31% 398,702 $19.1M Reduce -0.3%
MA Mastercard Inc. Class A 1.99% 31,269 $16.5M Add +13.5%
RGLD Royal Gold Inc. 1.83% 114,848 $15.1M Add +2.4%
TFLO iShares Treasury Floating Ra 1.80% 295,826 $14.9M Reduce -89.0%
AEM Agnico Eagle Mines Ltd. 1.68% 177,556 $13.9M Reduce -0.6%
V Visa Inc. Class A 1.58% 41,289 $13.0M Add +0.3%
DSTL Distillate US Fundamental St 1.44% 216,868 $11.9M Add +0.7%
ORLY O'reilly Automotive Inc. 1.43% 9,955 $11.8M Add +12.9%
NOW ServiceNow Inc. 1.40% 10,904 $11.6M Reduce -4.7%
ADBE Adobe Inc. 1.17% 21,843 $9.7M Reduce -1.8%
XOM Exxon Mobil Corp. 1.16% 89,075 $9.6M Reduce -1.6%
WMB Williams Cos Inc. 1.15% 175,540 $9.5M Reduce -36.7%
MCO Moody's Corp. 1.14% 19,853 $9.4M Reduce -1.6%
ET Energy Transfer LP 1.12% 471,336 $9.2M Add +0.3%
SLV iShares Silver Trust 1.05% 329,429 $8.7M Add +0.7%
COP Conocophillips 0.99% 82,839 $8.2M Add +145.5%
LOW Lowe's Cos Inc. 0.99% 33,262 $8.2M Add +0.9%
TPYP Managed Portfolio Series 0.96% 231,919 $7.9M Reduce -0.2%
DOC Healthpeak Properties Inc. 0.93% 379,016 $7.7M Add +1.1%
AMLP Alerian MLP ETF 0.91% 157,139 $7.6M Add +400.6%
UL Unilever PLC 0.90% 131,776 $7.5M Add +4.3%
MCD McDonald's Corp. 0.86% 24,413 $7.1M Add +2.3%
GLD SPDR Gold Shares 0.85% 29,133 $7.1M Add +6.6%
EXPE Expedia Group Inc. 0.83% 36,941 $6.9M Add +6.9%
GILD Gilead Sciences Inc. 0.80% 71,941 $6.6M Add +0.6%
KMB Kimberly-Clark Corp. 0.75% 47,491 $6.2M Add +11.0%
UGI Ugi Corp. 0.75% 219,843 $6.2M Add +0.1%
JNJ Johnson & Johnson 0.73% 41,536 $6.0M Add +0.5%
PAGP Plains GP Holdings LP 0.71% 320,858 $5.9M Reduce -52.0%
EOG EOG Resources Inc. 0.66% 44,238 $5.4M Add +10.8%
LYB Lyondellbasell Indu Class A 0.65% 72,672 $5.4M New
NTR Nutrien Ltd. 0.65% 120,084 $5.4M Add +0.5%
RSP Invesco S&P 500 Equal Weight 0.65% 30,666 $5.4M Reduce -2.3%
CI The Cigna Group 0.64% 19,188 $5.3M Add +17.5%
LNG Cheniere Energy Inc. 0.63% 24,422 $5.2M Add +0.2%
KMI Kinder Morgan Inc. 0.63% 189,912 $5.2M Reduce -58.6%
NEM Newmont Corp. 0.63% 139,491 $5.2M Reduce -5.3%
SNY Sanofi-ADR 0.61% 104,749 $5.1M Add +4.8%
MOS The Mosaic Co. 0.60% 203,590 $5.0M Add +0.6%
BKNG Booking Holdings Inc. 0.58% 967 $4.8M Reduce -1.2%
GSK GSK PLC-Spon ADR 0.56% 137,172 $4.6M Reduce -2.5%
ZTS Zoetis Inc. 0.54% 27,284 $4.4M Add +768.1%
ELV Elevance Health Inc. 0.52% 11,573 $4.3M Add +11.0%
BX Blackstone Inc. 0.52% 24,736 $4.3M Add +0.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.49% 14,424 $4.1M No change
AR Antero Resources Corp. 0.49% 116,041 $4.1M New
CNC Centene Corp. 0.48% 65,047 $3.9M Add +0.3%
ACGL Arch Capital Group Ltd. 0.47% 42,015 $3.9M New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.46% 130,683 $3.8M New
NOG Northern Oil and Gas Inc. 0.46% 101,440 $3.8M New
RIO Rio Tinto PLC-Spon ADR 0.43% 60,418 $3.6M New
SU Suncor Energy Inc. 0.43% 98,652 $3.5M Add +3.4%
PAAS Pan American Silver Corp. 0.40% 162,166 $3.3M New
WPM Wheaton Precious Metals Corp. 0.38% 56,167 $3.2M Add +423.6%
MCK McKesson Corp. 0.36% 5,291 $3.0M Add +0.2%
VRSN Verisign Inc. 0.36% 14,322 $3.0M Add +1.7%
CAT Caterpillar Inc. 0.34% 7,844 $2.8M Reduce -2.8%
AEP American Electric Power 0.34% 30,622 $2.8M New
RMD Resmed Inc. 0.34% 12,340 $2.8M Add +0.3%
NEE Nextera Energy Inc. 0.33% 38,143 $2.7M New
EVRG Evergy Inc. 0.33% 44,349 $2.7M Add +0.5%
MAS Masco Corp. 0.33% 37,538 $2.7M Reduce -6.3%
WMT Walmart Inc. 0.33% 29,897 $2.7M Add +5.1%
CL Colgate-Palmolive Co. 0.33% 29,637 $2.7M New
EIX Edison International 0.32% 33,654 $2.7M Add +4.6%
ETR Entergy Corp. 0.32% 35,379 $2.7M Reduce -58.8%
CTVA Corteva Inc. 0.32% 47,011 $2.7M New
GDX Vaneck Gold Miners ETF 0.32% 78,505 $2.7M Reduce -5.9%
NVS Novartis AG-Sponsored ADR 0.32% 26,882 $2.6M Add +5.8%
COST Costco Wholesale Corp. 0.31% 2,817 $2.6M Reduce -2.5%
QQQ Invesco QQQ Trust Series 1 0.31% 4,956 $2.5M No change
AVGO Broadcom Inc. 0.30% 10,790 $2.5M Add +0.7%
VOO Vanguard S&P 500 ETF 0.30% 4,548 $2.5M Add +16.4%
AZN Astrazeneca PLC-Spons ADR 0.30% 37,343 $2.4M Add +1162.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.29% 4,132 $2.4M Add +10.6%
EMO Clearbridge Energy Midstream 0.29% 51,805 $2.4M No change
DVY iShares Select Dividend ETF 0.28% 17,427 $2.3M Reduce -2.4%
VTI VG Morningstar TS MKT ETF-US 0.28% 7,882 $2.3M Add +0.3%
UHS Universal Health Services-B 0.27% 12,555 $2.3M New
MOH Molina Healthcare Inc. 0.26% 7,313 $2.1M Add +1.3%
PAA Plains All Amer Pipeline LP 0.24% 113,932 $1.9M Reduce -1.7%
AMZN Amazon.com Inc. 0.23% 8,832 $1.9M Reduce -4.7%
FNV Franco-Nevada Corp. 0.23% 16,274 $1.9M Reduce -3.5%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.22% 5,302 $1.8M Add +2.0%
NVDA Nvidia Corp. 0.22% 13,471 $1.8M Reduce -5.0%
ADP Automatic Data Processing 0.22% 6,173 $1.8M Add +1.1%
PG The Procter & Gamble Co. 0.21% 10,368 $1.7M Add +4.5%
JXN Jackson Financial Inc. Class A 0.20% 19,460 $1.7M Reduce -1.0%
WM Waste Management Inc. 0.20% 8,283 $1.7M Add +0.1%
JPST JPMorgan Ultra-Short Income 0.19% 31,667 $1.6M Reduce -75.3%
GOOGL Alphabet Inc. Class A 0.19% 8,223 $1.6M Reduce -12.8%
CVX Chevron Corp. 0.19% 10,689 $1.5M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 3,071 $1.4M Reduce -1.8%
MSI Motorola Solutions Inc. 0.16% 2,805 $1.3M No change
VTR Ventas Inc. 0.16% 21,833 $1.3M Reduce -0.3%
ABBV Abbvie Inc. 0.15% 7,120 $1.3M Add +1.3%
PEP Pepsico Inc. 0.15% 8,170 $1.2M Reduce -8.9%
OKE Oneok Inc. 0.15% 12,245 $1.2M Reduce -1.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 5,053 $1.1M Add +1.2%
GDXJ Vaneck Junior Gold Miners 0.13% 25,408 $1.1M Reduce -3.1%
AGI Alamos Gold Inc. Class A 0.13% 58,474 $1.1M Reduce -2.8%
VB Vanguard Most SM-Cap ETF-Usd 0.13% 4,484 $1.1M Reduce -3.6%
KR Kroger Co. 0.13% 17,610 $1.1M Reduce -12.4%
HD Home Depot Inc. 0.12% 2,608 $1.0M Add +2.6%
PNFP Pinnacle Financial Partners 0.12% 8,750 $1.0M Reduce -23.3%
ABT Abbott Laboratories 0.12% 8,684 $982K Add +0.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 3,400 $898K No change
STEL Stellar Bancorp Inc. 0.10% 30,464 $864K No change
B Barrick Gold Corp. 0.10% 55,132 $855K Reduce -15.0%
DSMC Distillate S/M Cash Flow ETF 0.10% 22,494 $786K Add +12.6%
GBTC Grayscale Bitcoin Trust ETF 0.09% 10,000 $740K No change
SYY Sysco Corp. 0.09% 9,600 $734K No change
LLY Eli Lilly & Co. 0.09% 945 $730K Reduce -13.5%
IWV iShares Russell 3000 ETF 0.09% 2,105 $704K No change
NGD New Gold Inc. 0.08% 277,000 $687K Add +1.7%
RSG Republic Services Inc. 0.08% 3,396 $683K Reduce -4.0%
BRK.A Berkshire Hathaway Inc. Class A 0.08% 1 $681K No change
VTS Vitesse Energy Inc. 0.08% 26,949 $674K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 14,942 $657K Reduce -12.6%
SHY iShares 1-3 Year Treasury Bo 0.08% 7,696 $631K Reduce -1.9%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.07% 580 $611K Reduce -28.3%
CLX Clorox Company 0.07% 3,759 $610K No change
NFLX Netflix Inc. 0.07% 679 $605K Add +2.4%
MTG Mgic Investment Corp. 0.07% 25,000 $593K No change
VTES Vanguard SH Term Tax-Ex Bond 0.07% 5,619 $563K No change
NVG Nuveen Amt-FR Muni CRDT 0.06% 43,535 $534K Add +7.4%
TPL Texas Pacific Land Corp. 0.06% 477 $528K No change
CSCO Cisco Systems Inc. 0.06% 8,898 $527K Add +2.7%
GIS General Mills Inc. 0.06% 8,260 $527K No change
GFI Gold Fields Ltd.-Spons ADR 0.06% 38,675 $511K Reduce -1.6%
TRP TC Energy Corp. 0.06% 10,603 $493K Reduce -7.2%
AXP American Express Co. 0.06% 1,653 $491K Reduce -2.3%
JPM JPMorgan Chase & Co. 0.06% 2,005 $481K Reduce -6.7%
EWA iShares MSCI Australia ETF 0.06% 19,987 $477K New
PHYS Sprott Physical Gold Trust 0.06% 23,232 $468K Add +1.0%
ORCL Oracle Corp. 0.05% 2,709 $451K Reduce -0.1%
FAX Abrdn Asia-Pacific Income 0.05% 30,509 $449K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 1,066 $438K Reduce -6.6%
HON Honeywell International Inc. 0.05% 1,916 $433K Add +6.4%
IWP iShares Russell Mid-Cap Grow 0.05% 3,281 $416K No change
STR Sitio Royalties Corp. Class A 0.05% 21,669 $416K Add +0.0%
SUN Sunoco LP 0.05% 8,000 $412K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.05% 2,539 $411K Reduce -1.1%
DD Dupont DE Nemours Inc. 0.05% 5,269 $402K No change
XPRO Expro Group Holdings NV 0.05% 32,197 $401K No change
DOW Dow Inc. 0.05% 9,869 $396K No change
EXE Expand Energy Corp. 0.05% 3,917 $390K New
VONE Vanguard Russell 1000 0.05% 1,420 $379K Reduce -4.4%
MMM 3M Co. 0.04% 2,850 $368K Reduce -17.8%
AGG iShares Core U.S. Aggregate 0.04% 3,755 $364K New
PULS Pgim Ultra Short Bond ETF 0.04% 7,255 $359K New
PSA Public Storage 0.04% 1,195 $358K Reduce -0.2%
GGN Gamco GLBL Gold NTRL Res Inc. 0.04% 91,750 $346K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 1,249 $337K No change
CEF Sprott Physical Gold and Sil 0.04% 14,106 $335K No change
PSLV Sprott Physical Silver Trust 0.04% 34,204 $330K Reduce -20.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,580 $312K Reduce -0.7%
AU Anglogold Ashanti PLC 0.04% 13,235 $305K Reduce -3.6%
MPC Marathon Petroleum Corp. 0.04% 2,166 $302K Reduce -0.2%
COKE Coca-Cola Consolidated Inc. 0.04% 238 $300K No change
SH Proshares Short S&P500 0.04% 7,047 $299K No change
AMGN Amgen Inc. 0.04% 1,129 $294K Add +1.9%
EQT Eqt Corp. 0.03% 6,258 $289K Reduce -13.0%
INTU Intuit Inc. 0.03% 455 $286K Reduce -12.5%
AVK Advent Convert & Income 0.03% 24,111 $284K Add +3.0%
IVV iShares Core S&P 500 ETF 0.03% 452 $266K No change
SBR Sabine Royalty Trust 0.03% 4,091 $265K Reduce -1.2%
YUM Yum! Brands Inc. 0.03% 1,954 $262K No change
VLO Valero Energy Corp. 0.03% 2,130 $261K No change
OXY Occidental Petroleum Corp. 0.03% 5,265 $260K No change
FCX Freeport-McMoran Inc. 0.03% 6,678 $254K Reduce -12.7%
SCHD Schwab US DVD Equity ETF 0.03% 9,143 $250K New
SSRM SSR Mining Inc. 0.03% 35,230 $246K No change
PFF iShares Preferred & Income S 0.03% 7,505 $236K No change
UAN CVR Partners LP 0.03% 3,100 $235K No change
NOBL Proshares S&P 500 Dividend A 0.03% 2,349 $234K No change
BANX Arrowmark Financial Corp. 0.03% 10,990 $231K No change
IWF iShares Russell 1000 Growth 0.03% 569 $228K Reduce -6.4%
SHW The Sherwin-Williams Co. 0.03% 668 $227K Add +0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,332 $226K New
KKR KKR & Co. Inc. 0.03% 1,470 $217K Reduce -4.5%
EGP Eastgroup Properties Inc. 0.03% 1,350 $217K No change
UNP Union Pacific Corp. 0.03% 948 $216K Reduce -1.3%
XCHYX Calamos Convert & High Inc. 0.03% 17,500 $212K No change
DHR Danaher Corp. 0.03% 922 $212K Reduce -0.2%
TRGP Targa Resources Corp. 0.03% 1,162 $207K New
GNT Gamco Natural Resources Gold 0.02% 38,450 $203K No change
SPH Suburban Propane Partners LP 0.02% 11,263 $194K No change
XEFRX Eaton Vance Sr FLTG Rate TR 0.02% 15,100 $193K No change
AG First Majestic Silver Corp. 0.02% 34,404 $189K Reduce -21.2%
BTG B2GOLD Corp. 0.02% 76,485 $187K Reduce -13.5%
KGC Kinross Gold Corp. 0.02% 19,315 $179K Reduce -14.4%
PGX Invesco Preferred ETF 0.02% 15,153 $175K Reduce -38.3%
VIXM Proshares Vix Mid-Term Fut 0.02% 11,560 $167K No change
ACP Abrdn Income Credit Strat 0.02% 27,604 $165K No change
VZLA Vizsla Silver Corp. 0.02% 86,120 $147K No change
XAODX Abrdn Total Dynamic Dividend 0.02% 15,930 $134K No change
NUV Nuveen Municipal Value 0.02% 14,839 $127K No change
HL Hecla Mining Co. 0.01% 22,203 $109K Add +19.0%
IHD Voya Emrg MRKT Hi DVD Eqty 0.01% 20,801 $104K Add +3.1%
EQX Equinox Gold Corp. 0.01% 19,455 $98K Reduce -17.6%
NCV Virtus Convertible & Income 0.01% 22,986 $80K No change
SJT San Juan Basin Royalty TR 0.01% 11,172 $43K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $22.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 222,238$13.5MNew
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 6,860$8.2MReduce -47.7%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 338$413KReduce -96.1%

Total filed on the 13F, all lines: $849.7M.

Portfolio Sells Q3 2024 → Q4 2024
TFLO iShares Treasury Floating Ra Reduce -89.0% 1.80% −12.01
EDV Vanguard Extended Dur Treas Sold out 0.00% −5.32
TLT iShares 20+ Year Treasury BD Sold out 0.00% −1.92
EMB iShares JP Morgan Usd Emergi Sold out 0.00% −1.12
EWU iShares MSCI United Kingdom Sold out 0.00% −0.86
KO The Coca-Cola Co. Sold out 0.00% −0.59
MRK Merck & Co. Inc. Sold out 0.00% −0.57
DG Dollar General Corp. Sold out 0.00% −0.55
PAGP Plains GP Holdings LP Reduce -52.0% 0.71% −0.55
JPST JPMorgan Ultra-Short Income Reduce -75.3% 0.19% −0.47
KMI Kinder Morgan Inc. Reduce -58.6% 0.63% −0.41
FANG Diamondback Energy Inc. Sold out 0.00% −0.27
ETR Entergy Corp. Reduce -58.8% 0.32% −0.25
NEM Newmont Corp. Reduce -5.3% 0.63% −0.18
GSY Invesco Ultra Short Duration Sold out 0.00% −0.17
WMB Williams Cos Inc. Reduce -36.7% 1.15% −0.14
UNH Unitedhealth Group Inc. Sold out 0.00% −0.04
PSQ Proshares Short QQQ Sold out 0.00% −0.03
SWN Southwestern Energy Co. Sold out 0.00% −0.03
FBT First Trust Nyse Arca Biotec Sold out 0.00% −0.03
B Barrick Gold Corp. Reduce -15.0% 0.10% −0.03
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.03
GSK GSK PLC-Spon ADR Reduce -2.5% 0.56% −0.03
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.02
SHEL Shell PLC-ADR Sold out 0.00% −0.02
SA Seabridge Gold Inc. Sold out 0.00% −0.02
CMCSA Comcast Corp. Class A Sold out 0.00% −0.02
MELI MercadoLibre Inc. Sold out 0.00% −0.02
AMAT Applied Materials Inc. Sold out 0.00% −0.02
GDX Vaneck Gold Miners ETF Reduce -5.9% 0.32% −0.02
MAS Masco Corp. Reduce -6.3% 0.33% −0.01
SAND Sandstorm Gold Ltd. Sold out 0.00% −0.01
GWW WW Grainger Inc. Reduce -28.3% 0.07% −0.01
LLY Eli Lilly & Co. Reduce -13.5% 0.09% −0.01
SILV Silvercrest Metals Inc. Sold out 0.00% −0.01
PGX Invesco Preferred ETF Reduce -38.3% 0.02% −0.01
FCX Freeport-McMoran Inc. Reduce -12.7% 0.03% −0.01
PSLV Sprott Physical Silver Trust Reduce -20.2% 0.04% −0.01
BTC Grayscale Bitcoin Mini Trust Sold out 0.00% −0.01
PEP Pepsico Inc. Reduce -8.9% 0.15% −0.01
BTG B2GOLD Corp. Reduce -13.5% 0.02% −0.01
GROY Gold Royalty Corp. Sold out 0.00% −0.01
AG First Majestic Silver Corp. Reduce -21.2% 0.02% −0.00
MMM 3M Co. Reduce -17.8% 0.04% −0.00
EQX Equinox Gold Corp. Reduce -17.6% 0.01% −0.00
IAUX I-80 Gold Corp. Sold out 0.00% −0.00
PSA Public Storage Reduce -0.2% 0.04% −0.00
ADBE Adobe Inc. Reduce -1.8% 1.17% −0.00
DHR Danaher Corp. Reduce -0.2% 0.03% −0.00
AU Anglogold Ashanti PLC Reduce -3.6% 0.04% −0.00

Portfolio Buys Q3 2024 → Q4 2024
TBIL F/M US Treasury 3 Month Bill Add +44.7% 13.47% +5.58
GOOG Alphabet Inc. Class C Add +7.1% 3.34% +1.03
AAPL Apple Inc. Add +2.0% 3.46% +0.79
AMLP Alerian MLP ETF Add +400.6% 0.91% +0.76
LYB Lyondellbasell Indu Class A New 0.65% +0.65
MSFT Microsoft Corp. Add +2.4% 4.01% +0.63
COP Conocophillips Add +145.5% 0.99% +0.63
MA Mastercard Inc. Class A Add +13.5% 1.99% +0.60
AR Antero Resources Corp. New 0.49% +0.49
ZTS Zoetis Inc. Add +768.1% 0.54% +0.47
ACGL Arch Capital Group Ltd. New 0.47% +0.47
VICI Vici Properties Inc. New 0.46% +0.46
NOG Northern Oil and Gas Inc. New 0.46% +0.46
RIO Rio Tinto PLC-Spon ADR New 0.43% +0.43
V Visa Inc. Class A Add +0.3% 1.58% +0.42
PAAS Pan American Silver Corp. New 0.40% +0.40
ORLY O'reilly Automotive Inc. Add +12.9% 1.43% +0.39
ET Energy Transfer LP Add +0.3% 1.12% +0.35
AEP American Electric Power New 0.34% +0.34
NEE Nextera Energy Inc. New 0.33% +0.33
CL Colgate-Palmolive Co. New 0.33% +0.33
CTVA Corteva Inc. New 0.32% +0.32
WPM Wheaton Precious Metals Corp. Add +423.6% 0.38% +0.31
EXPE Expedia Group Inc. Add +6.9% 0.83% +0.31
AZN Astrazeneca PLC-Spons ADR Add +1162.4% 0.30% +0.27
UHS Universal Health Services-B New 0.27% +0.27
RGLD Royal Gold Inc. Add +2.4% 1.83% +0.22
DSTL Distillate US Fundamental St Add +0.7% 1.44% +0.19
GILD Gilead Sciences Inc. Add +0.6% 0.80% +0.19
UGI Ugi Corp. Add +0.1% 0.75% +0.19
LNG Cheniere Energy Inc. Add +0.2% 0.63% +0.19
GLD SPDR Gold Shares Add +6.6% 0.85% +0.17
EOG EOG Resources Inc. Add +10.8% 0.66% +0.15
BX Blackstone Inc. Add +0.8% 0.52% +0.13
KMB Kimberly-Clark Corp. Add +11.0% 0.75% +0.13
MCD McDonald's Corp. Add +2.3% 0.86% +0.11
AVGO Broadcom Inc. Add +0.7% 0.30% +0.11
SLV iShares Silver Trust Add +0.7% 1.05% +0.10
MCK McKesson Corp. Add +0.2% 0.36% +0.10
WMT Walmart Inc. Add +5.1% 0.33% +0.09
VOO Vanguard S&P 500 ETF Add +16.4% 0.30% +0.09
VRSN Verisign Inc. Add +1.7% 0.36% +0.09
LOW Lowe's Cos Inc. Add +0.9% 0.99% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +10.6% 0.29% +0.07
SU Suncor Energy Inc. Add +3.4% 0.43% +0.07
UL Unilever PLC Add +4.3% 0.90% +0.07
NTR Nutrien Ltd. Add +0.5% 0.65% +0.06
CI The Cigna Group Add +17.5% 0.64% +0.06
EWA iShares MSCI Australia ETF New 0.06% +0.06
DOC Healthpeak Properties Inc. Add +1.1% 0.93% +0.05

Notes & Other Activity Q3 2024 → Q4 2024
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 222,238 $13.5M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -47.7% 6,860 $8.2M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -96.1% 338 $413K
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 Sold out 23,176 $461before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 261$1.2BVBIL, IAU, EPD, GOOG, AAPL
Q1 2026 241$1.2BVBIL, IAU, EPD, AAPL, GOOG
Q4 2025 247$1.1BVBIL, IAU, EPD, GOOG, MSFT
Q3 2025 219$1.1BVBIL, IAU, MSFT, EPD, GOOG
Q2 2025 206$898.8MTBIL, IAU, EPD, MSFT, AAPL
Q1 2025 203$924.1MTBIL, EDV, IAU, EPD, MSFT
Q4 2024 209$827.5MTBIL, IAU, EPD, MSFT, AAPL
Q3 2024 214$980.3MTFLO, TBIL, EDV, IAU, EPD
Q2 2024 228$826.3MTFLO, TBIL, IAU, EPD, MSFT
Q1 2024 221$702.3MTFLO, EPD, IAU, MSFT, GOOG