Oxbow Advisors, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Oxbow Advisors, LLC reported 203 stock positions worth $924.1 million. Its top holding was F/M US Treasury 3 Month Bill (TBIL) at 14.0% of the portfolio, followed by Vanguard Extended Dur Treas (EDV, 6.9%) and iShares Gold Trust (IAU, 6.2%). Compared with Q4 2024, it opened 15 new positions, sold out of 21, added to 73 and reduced 56. The biggest buy was a new position in Vanguard Extended Dur Treas (EDV) and the biggest sale Alphabet Class C (GOOG, shares −2%).

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0001564770
Portfolio Value
$924.1M (Q1 2025)
SEC Filing
0001667731-25-000569 ↗ filed May 1, 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 Q4 2024 Q1 2025: $924.1M $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 203 stocks · $924.1M
TBIL F/M US Treasury 3 Month Bill 13.95% 2,578,149 $128.9M Add +15.3%
EDV Vanguard Extended Dur Treas 6.92% 898,800 $63.9M New
IAU iShares Gold Trust 6.17% 967,484 $57.0M Add +0.3%
EPD Enterprise Products Partners 5.02% 1,358,274 $46.4M Add +0.7%
MSFT Microsoft Corp. 3.40% 83,768 $31.4M Add +6.5%
AAPL Apple Inc. 2.75% 114,608 $25.5M Add +0.4%
GOOG Alphabet Inc. Class C 2.40% 141,838 $22.2M Reduce -2.3%
MPLX MPLX LP 2.33% 402,606 $21.5M Add +1.0%
AEM Agnico Eagle Mines Ltd. 2.08% 177,160 $19.2M Reduce -0.2%
RGLD Royal Gold Inc. 2.07% 116,887 $19.1M Add +1.8%
TFLO iShares Treasury Floating Ra 1.63% 297,910 $15.1M Add +0.7%
MCO Moody's Corp. 1.60% 31,809 $14.8M Add +60.2%
MA Mastercard Inc. Class A 1.40% 23,523 $12.9M Reduce -24.8%
DSTL Distillate US Fundamental St 1.29% 220,615 $12.0M Add +1.7%
SLV iShares Silver Trust 1.27% 378,623 $11.7M Add +14.9%
V Visa Inc. Class A 1.20% 31,768 $11.1M Reduce -23.1%
XOM Exxon Mobil Corp. 1.17% 90,613 $10.8M Add +1.7%
ORLY O'reilly Automotive Inc. 1.16% 7,487 $10.7M Reduce -24.8%
ET Energy Transfer LP 0.96% 474,867 $8.8M Add +0.8%
PAAS Pan American Silver Corp. 0.94% 335,110 $8.7M Add +106.7%
ADBE Adobe Inc. 0.93% 22,404 $8.6M Add +2.6%
AMLP Alerian MLP ETF 0.92% 163,081 $8.5M Add +3.8%
GLD SPDR Gold Shares 0.91% 29,117 $8.4M Reduce -0.1%
GILD Gilead Sciences Inc. 0.88% 72,330 $8.1M Add +0.5%
UL Unilever PLC 0.86% 133,900 $8.0M Add +1.6%
DOC Healthpeak Properties Inc. 0.86% 393,621 $8.0M Add +3.9%
TPYP Managed Portfolio Series 0.84% 214,425 $7.8M Reduce -7.5%
MCD McDonald's Corp. 0.84% 24,882 $7.8M Add +1.9%
UGI Ugi Corp. 0.80% 224,047 $7.4M Add +1.9%
JNJ Johnson & Johnson 0.78% 43,405 $7.2M Add +4.5%
KMB Kimberly-Clark Corp. 0.77% 49,872 $7.1M Add +5.0%
PAGP Plains GP Holdings LP 0.75% 326,589 $7.0M Add +1.8%
NEM Newmont Corp. 0.73% 140,323 $6.8M Add +0.6%
NOW ServiceNow Inc. 0.72% 8,373 $6.7M Reduce -23.2%
CI The Cigna Group 0.70% 19,642 $6.5M Add +2.4%
EXPE Expedia Group Inc. 0.68% 37,572 $6.3M Add +1.7%
NTR Nutrien Ltd. 0.67% 124,033 $6.2M Add +3.3%
EOG EOG Resources Inc. 0.63% 45,159 $5.8M Add +2.1%
LOW Lowe's Cos Inc. 0.62% 24,761 $5.8M Reduce -25.6%
LNG Cheniere Energy Inc. 0.62% 24,839 $5.7M Add +1.7%
MOS The Mosaic Co. 0.61% 210,261 $5.7M Add +3.3%
KMI Kinder Morgan Inc. 0.58% 189,245 $5.4M Reduce -0.3%
LYB Lyondellbasell Indu Class A 0.57% 75,073 $5.3M Add +3.3%
ELV Elevance Health Inc. 0.56% 11,904 $5.2M Add +2.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.54% 14,424 $5.0M No change
VALE Vale SA-SP ADR 0.53% 489,803 $4.9M New
BKNG Booking Holdings Inc. 0.52% 1,042 $4.8M Add +7.8%
RSP Invesco S&P 500 Equal Weight 0.50% 26,636 $4.6M Reduce -13.1%
ZTS Zoetis Inc. 0.50% 27,834 $4.6M Add +2.0%
WPM Wheaton Precious Metals Corp. 0.48% 57,192 $4.4M Add +1.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.48% 135,424 $4.4M Add +3.6%
ACGL Arch Capital Group Ltd. 0.45% 43,086 $4.1M Add +2.5%
CNC Centene Corp. 0.44% 67,475 $4.1M Add +3.7%
SU Suncor Energy Inc. 0.43% 101,672 $3.9M Add +3.1%
GDX Vaneck Gold Miners ETF 0.42% 84,540 $3.9M Add +7.7%
RIO Rio Tinto PLC-Spon ADR 0.41% 62,602 $3.8M Add +3.6%
VRSN Verisign Inc. 0.40% 14,551 $3.7M Add +1.6%
COP Conocophillips 0.40% 35,038 $3.7M Reduce -57.7%
MCK McKesson Corp. 0.39% 5,358 $3.6M Add +1.3%
AEP American Electric Power 0.38% 31,967 $3.5M Add +4.4%
AMGN Amgen Inc. 0.37% 10,932 $3.4M Add +868.3%
BX Blackstone Inc. 0.37% 24,342 $3.4M Reduce -1.6%
GIS General Mills Inc. 0.36% 55,892 $3.3M Add +576.7%
WMB Williams Cos Inc. 0.34% 52,953 $3.2M Reduce -69.8%
EVRG Evergy Inc. 0.34% 45,353 $3.1M Add +2.3%
NVS Novartis AG-Sponsored ADR 0.33% 27,656 $3.1M Add +2.9%
CTVA Corteva Inc. 0.33% 47,921 $3.0M Add +1.9%
MAS Masco Corp. 0.32% 42,325 $2.9M Add +12.8%
CL Colgate-Palmolive Co. 0.31% 30,328 $2.8M Add +2.3%
RMD Resmed Inc. 0.30% 12,585 $2.8M Add +2.0%
AZN Astrazeneca PLC-Spons ADR 0.30% 38,108 $2.8M Add +2.0%
MEDP Medpace Holdings Inc. 0.29% 8,865 $2.7M New
LMT Lockheed Martin Corp. 0.28% 5,785 $2.6M New
EMO Clearbridge Energy Midstream 0.28% 51,805 $2.6M No change
CAT Caterpillar Inc. 0.28% 7,768 $2.6M Reduce -1.0%
WMT Walmart Inc. 0.28% 29,114 $2.6M Reduce -2.6%
MTD Mettler-Toledo International 0.27% 2,115 $2.5M New
PAA Plains All Amer Pipeline LP 0.26% 117,932 $2.4M Add +3.5%
REGN Regeneron Pharmaceuticals 0.25% 3,653 $2.3M New
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 4,120 $2.3M Reduce -0.3%
QQQ Invesco QQQ Trust Series 1 0.24% 4,746 $2.2M Reduce -4.2%
COST Costco Wholesale Corp. 0.24% 2,350 $2.2M Reduce -16.6%
DVY iShares Select Dividend ETF 0.23% 15,900 $2.1M Reduce -8.8%
VTI VG Morningstar TS MKT ETF-US 0.22% 7,528 $2.1M Reduce -4.5%
CVX Chevron Corp. 0.21% 11,451 $1.9M Add +7.1%
WM Waste Management Inc. 0.20% 8,183 $1.9M Reduce -1.2%
VOO Vanguard S&P 500 ETF 0.20% 3,647 $1.9M Reduce -19.8%
ADP Automatic Data Processing 0.20% 6,112 $1.9M Reduce -1.0%
JPST JPMorgan Ultra-Short Income 0.20% 35,718 $1.8M Add +12.8%
AVGO Broadcom Inc. 0.19% 10,720 $1.8M Reduce -0.7%
PG The Procter & Gamble Co. 0.19% 10,196 $1.7M Reduce -1.7%
JXN Jackson Financial Inc. Class A 0.18% 19,390 $1.6M Reduce -0.4%
AMZN Amazon.com Inc. 0.18% 8,527 $1.6M Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.18% 3,038 $1.6M Reduce -1.1%
AGI Alamos Gold Inc. Class A 0.17% 58,474 $1.6M No change
VTR Ventas Inc. 0.16% 21,842 $1.5M Add +0.0%
ABBV Abbvie Inc. 0.16% 7,020 $1.5M Reduce -1.4%
PEP Pepsico Inc. 0.16% 9,775 $1.5M Add +19.6%
GDXJ Vaneck Junior Gold Miners 0.16% 25,408 $1.5M No change
NVDA Nvidia Corp. 0.15% 12,895 $1.4M Reduce -4.3%
GOOGL Alphabet Inc. Class A 0.14% 8,479 $1.3M Add +3.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 5,053 $1.3M No change
MSI Motorola Solutions Inc. 0.13% 2,805 $1.2M No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.13% 3,920 $1.2M Reduce -26.1%
KR Kroger Co. 0.13% 17,612 $1.2M Add +0.0%
ABT Abbott Laboratories 0.12% 8,644 $1.1M Reduce -0.5%
OKE Oneok Inc. 0.11% 10,650 $1.1M Reduce -13.0%
NGD New Gold Inc. 0.11% 282,400 $1.0M Add +1.9%
VB Vanguard Most SM-Cap ETF-Usd 0.11% 4,484 $994K No change
PHYS Sprott Physical Gold Trust 0.10% 39,710 $955K Add +70.9%
HD Home Depot Inc. 0.10% 2,554 $936K Reduce -2.1%
PNFP Pinnacle Financial Partners 0.10% 8,750 $928K No change
GFI Gold Fields Ltd.-Spons ADR 0.09% 38,675 $854K No change
AU Anglogold Ashanti PLC 0.09% 22,737 $844K Add +71.8%
STEL Stellar Bancorp Inc. 0.09% 30,464 $843K No change
RSG Republic Services Inc. 0.09% 3,457 $837K Add +1.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 3,205 $829K Reduce -5.7%
BRK.A Berkshire Hathaway Inc. Class A 0.09% 1 $798K No change
LLY Eli Lilly & Co. 0.08% 945 $781K No change
DSMC Distillate S/M Cash Flow ETF 0.08% 24,177 $763K Add +7.5%
B Barrick Gold Corp. 0.08% 37,355 $726K Reduce -32.2%
SYY Sysco Corp. 0.08% 9,600 $720K No change
IWV iShares Russell 3000 ETF 0.07% 2,105 $669K No change
GBTC Grayscale Bitcoin Trust ETF 0.07% 10,000 $652K No change
TPL Texas Pacific Land Corp. 0.07% 477 $632K No change
NFLX Netflix Inc. 0.07% 671 $626K Reduce -1.2%
MTG Mgic Investment Corp. 0.07% 25,000 $620K No change
VTS Vitesse Energy Inc. 0.06% 24,084 $592K Reduce -10.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.06% 580 $573K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 13,656 $570K Reduce -8.6%
CLX Clorox Company 0.06% 3,759 $554K No change
TRP TC Energy Corp. 0.06% 11,653 $550K Add +9.9%
NVG Nuveen Amt-FR Muni CRDT 0.06% 43,535 $539K No change
VTES Vanguard SH Term Tax-Ex Bond 0.06% 5,357 $538K Reduce -4.7%
JPM JPMorgan Chase & Co. 0.05% 1,978 $485K Reduce -1.4%
FAX Abrdn Asia-Pacific Income 0.05% 30,509 $479K No change
SUN Sunoco LP 0.05% 8,000 $464K No change
AXP American Express Co. 0.05% 1,653 $445K No change
CSCO Cisco Systems Inc. 0.05% 7,086 $437K Reduce -20.4%
EXE Expand Energy Corp. 0.05% 3,917 $436K No change
STR Sitio Royalties Corp. Class A 0.05% 21,686 $431K Add +0.1%
MMM 3M Co. 0.04% 2,828 $415K Reduce -0.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.04% 2,539 $408K No change
GGN Gamco GLBL Gold NTRL Res Inc. 0.04% 91,750 $401K No change
CEF Sprott Physical Gold and Sil 0.04% 14,106 $401K No change
PSLV Sprott Physical Silver Trust 0.04% 34,204 $397K No change
DD Dupont DE Nemours Inc. 0.04% 5,269 $393K No change
SHY iShares 1-3 Year Treasury Bo 0.04% 4,689 $388K Reduce -39.1%
IWP iShares Russell Mid-Cap Grow 0.04% 3,282 $386K Add +0.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 1,025 $380K Reduce -3.9%
ORCL Oracle Corp. 0.04% 2,709 $379K No change
PM Philip Morris International 0.04% 2,311 $367K New
DFAC Dimensional US Core Equity 2 0.04% 10,907 $360K New
SSRM SSR Mining Inc. 0.04% 35,230 $353K No change
SCHD Schwab US DVD Equity ETF 0.04% 12,338 $345K Add +34.9%
DOW Dow Inc. 0.04% 9,869 $345K No change
HON Honeywell International Inc. 0.04% 1,605 $340K Reduce -16.2%
EQT Eqt Corp. 0.04% 6,258 $334K No change
VONE Vanguard Russell 1000 0.04% 1,306 $332K Reduce -8.0%
YUM Yum! Brands Inc. 0.04% 2,054 $323K Add +5.1%
DUK Duke Energy Corp. 0.04% 2,649 $323K New
COKE Coca-Cola Consolidated Inc. 0.03% 238 $321K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 1,249 $321K No change
LNT Alliant Energy Corp. 0.03% 4,916 $316K New
MPC Marathon Petroleum Corp. 0.03% 2,169 $316K Add +0.1%
SH Proshares Short S&P500 0.03% 7,047 $314K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,458 $299K Reduce -4.7%
PSA Public Storage 0.03% 988 $296K Reduce -17.3%
PGX Invesco Preferred ETF 0.03% 25,688 $288K Add +69.5%
INTU Intuit Inc. 0.03% 455 $279K No change
WEC WEC Energy Group Inc. 0.03% 2,553 $278K New
SBR Sabine Royalty Trust 0.03% 4,091 $276K No change
OXY Occidental Petroleum Corp. 0.03% 5,265 $260K No change
KGC Kinross Gold Corp. 0.03% 19,315 $244K No change
IVV iShares Core S&P 500 ETF 0.03% 430 $242K Reduce -4.9%
FCX Freeport-McMoran Inc. 0.03% 6,377 $241K Reduce -4.5%
NOBL Proshares S&P 500 Dividend A 0.03% 2,349 $240K No change
EGP Eastgroup Properties Inc. 0.03% 1,350 $238K No change
VLO Valero Energy Corp. 0.03% 1,792 $237K Reduce -15.9%
SPH Suburban Propane Partners LP 0.03% 11,263 $237K No change
GNT Gamco Natural Resources Gold 0.03% 38,450 $234K No change
SHW The Sherwin-Williams Co. 0.03% 668 $233K No change
UAN CVR Partners LP 0.03% 3,100 $233K No change
TRGP Targa Resources Corp. 0.03% 1,162 $233K No change
BANX Arrowmark Financial Corp. 0.03% 10,990 $231K No change
AG First Majestic Silver Corp. 0.02% 34,275 $229K Reduce -0.4%
XME SS SPDR S&P Metals Mining 0.02% 4,075 $228K New
BTG B2GOLD Corp. 0.02% 76,485 $218K No change
UNH Unitedhealth Group Inc. 0.02% 403 $211K New
MELI MercadoLibre Inc. 0.02% 108 $211K New
PFF iShares Preferred & Income S 0.02% 6,855 $211K Reduce -8.7%
IWF iShares Russell 1000 Growth 0.02% 569 $205K No change
META Meta Platforms Inc. Class A 0.02% 352 $203K New
VZLA Vizsla Silver Corp. 0.02% 86,120 $195K No change
XEFRX Eaton Vance Sr FLTG Rate TR 0.02% 15,100 $185K No change
VIXM Proshares Vix Mid-Term Fut 0.02% 11,560 $183K No change
XCHYX Calamos Convert & High Inc. 0.02% 17,500 $177K No change
ACP Abrdn Income Credit Strat 0.02% 27,604 $163K No change
AVK Advent Convert & Income 0.02% 13,626 $157K Reduce -43.5%
EQX Equinox Gold Corp. 0.01% 19,455 $134K No change
XAODX Abrdn Total Dynamic Dividend 0.01% 15,930 $134K No change
NUV Nuveen Municipal Value 0.01% 14,839 $130K No change
HL Hecla Mining Co. 0.01% 22,203 $123K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $22.6M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 225,643$13.5MAdd +1.5%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 7,180$8.6MAdd +4.7%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 367$453KAdd +8.6%

Total filed on the 13F, all lines: $946.7M.

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -2.3% 2.40% −0.94
WMB Williams Cos Inc. Reduce -69.8% 0.34% −0.81
NOW ServiceNow Inc. Reduce -23.2% 0.72% −0.68
SNY Sanofi-ADR Sold out 0.00% −0.61
COP Conocophillips Reduce -57.7% 0.40% −0.59
MA Mastercard Inc. Class A Reduce -24.8% 1.40% −0.59
GSK GSK PLC-Spon ADR Sold out 0.00% −0.56
AR Antero Resources Corp. Sold out 0.00% −0.49
NOG Northern Oil and Gas Inc. Sold out 0.00% −0.46
V Visa Inc. Class A Reduce -23.1% 1.20% −0.37
LOW Lowe's Cos Inc. Reduce -25.6% 0.62% −0.37
NEE Nextera Energy Inc. Sold out 0.00% −0.33
EIX Edison International Sold out 0.00% −0.32
ETR Entergy Corp. Sold out 0.00% −0.32
UHS Universal Health Services-B Sold out 0.00% −0.27
ORLY O'reilly Automotive Inc. Reduce -24.8% 1.16% −0.27
MOH Molina Healthcare Inc. Sold out 0.00% −0.26
FNV Franco-Nevada Corp. Sold out 0.00% −0.23
RSP Invesco S&P 500 Equal Weight Reduce -13.1% 0.50% −0.15
BX Blackstone Inc. Reduce -1.6% 0.37% −0.15
TPYP Managed Portfolio Series Reduce -7.5% 0.84% −0.11
AVGO Broadcom Inc. Reduce -0.7% 0.19% −0.11
VOO Vanguard S&P 500 ETF Reduce -19.8% 0.20% −0.09
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -26.1% 0.13% −0.09
COST Costco Wholesale Corp. Reduce -16.6% 0.24% −0.07
NVDA Nvidia Corp. Reduce -4.3% 0.15% −0.07
CAT Caterpillar Inc. Reduce -1.0% 0.28% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -4.2% 0.24% −0.07
AMZN Amazon.com Inc. Reduce -3.5% 0.18% −0.06
EWA iShares MSCI Australia ETF Sold out 0.00% −0.06
VTI VG Morningstar TS MKT ETF-US Reduce -4.5% 0.22% −0.05
WMT Walmart Inc. Reduce -2.6% 0.28% −0.05
XPRO Expro Group Holdings NV Sold out 0.00% −0.05
DVY iShares Select Dividend ETF Reduce -8.8% 0.23% −0.05
KMI Kinder Morgan Inc. Reduce -0.3% 0.58% −0.04
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.04
PULS Pgim Ultra Short Bond ETF Sold out 0.00% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 0.25% −0.04
SHY iShares 1-3 Year Treasury Bo Reduce -39.1% 0.04% −0.03
OKE Oneok Inc. Reduce -13.0% 0.11% −0.03
JXN Jackson Financial Inc. Class A Reduce -0.4% 0.18% −0.03
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.03
KKR KKR & Co. Inc. Sold out 0.00% −0.03
UNP Union Pacific Corp. Sold out 0.00% −0.03
DHR Danaher Corp. Sold out 0.00% −0.03
B Barrick Gold Corp. Reduce -32.2% 0.08% −0.02
PG The Procter & Gamble Co. Reduce -1.7% 0.19% −0.02
HD Home Depot Inc. Reduce -2.1% 0.10% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -5.7% 0.09% −0.02
BAC Bank of America Corp. Reduce -8.6% 0.06% −0.02

Portfolio Buys Q4 2024 → Q1 2025
EDV Vanguard Extended Dur Treas New 6.92% +6.92
PAAS Pan American Silver Corp. Add +106.7% 0.94% +0.54
VALE Vale SA-SP ADR New 0.53% +0.53
TBIL F/M US Treasury 3 Month Bill Add +15.3% 13.95% +0.48
MCO Moody's Corp. Add +60.2% 1.60% +0.47
IAU iShares Gold Trust Add +0.3% 6.17% +0.40
AMGN Amgen Inc. Add +868.3% 0.37% +0.33
GIS General Mills Inc. Add +576.7% 0.36% +0.30
MEDP Medpace Holdings Inc. New 0.29% +0.29
LMT Lockheed Martin Corp. New 0.28% +0.28
MTD Mettler-Toledo International New 0.27% +0.27
REGN Regeneron Pharmaceuticals New 0.25% +0.25
RGLD Royal Gold Inc. Add +1.8% 2.07% +0.24
SLV iShares Silver Trust Add +14.9% 1.27% +0.22
NEM Newmont Corp. Add +0.6% 0.73% +0.11
GDX Vaneck Gold Miners ETF Add +7.7% 0.42% +0.10
WPM Wheaton Precious Metals Corp. Add +1.8% 0.48% +0.10
GILD Gilead Sciences Inc. Add +0.5% 0.88% +0.07
CI The Cigna Group Add +2.4% 0.70% +0.06
AU Anglogold Ashanti PLC Add +71.8% 0.09% +0.05
JNJ Johnson & Johnson Add +4.5% 0.78% +0.05
UGI Ugi Corp. Add +1.9% 0.80% +0.05
PHYS Sprott Physical Gold Trust Add +70.9% 0.10% +0.05
ELV Elevance Health Inc. Add +2.9% 0.56% +0.04
PAGP Plains GP Holdings LP Add +1.8% 0.75% +0.04
VRSN Verisign Inc. Add +1.6% 0.40% +0.04
PM Philip Morris International New 0.04% +0.04
DFAC Dimensional US Core Equity 2 New 0.04% +0.04
AEP American Electric Power Add +4.4% 0.38% +0.04
DUK Duke Energy Corp. New 0.04% +0.04
LNT Alliant Energy Corp. New 0.03% +0.03
NGD New Gold Inc. Add +1.9% 0.11% +0.03
WEC WEC Energy Group Inc. New 0.03% +0.03
MPLX MPLX LP Add +1.0% 2.33% +0.03
MCK McKesson Corp. Add +1.3% 0.39% +0.03
XME SS SPDR S&P Metals Mining New 0.02% +0.02
MELI MercadoLibre Inc. New 0.02% +0.02
UNH Unitedhealth Group Inc. New 0.02% +0.02
META Meta Platforms Inc. Class A New 0.02% +0.02
CVX Chevron Corp. Add +7.1% 0.21% +0.02
PAA Plains All Amer Pipeline LP Add +3.5% 0.26% +0.02
NVS Novartis AG-Sponsored ADR Add +2.9% 0.33% +0.02
NTR Nutrien Ltd. Add +3.3% 0.67% +0.02
VICI Vici Properties Inc. Add +3.6% 0.48% +0.02
KMB Kimberly-Clark Corp. Add +5.0% 0.77% +0.02
PGX Invesco Preferred ETF Add +69.5% 0.03% +0.01
MOS The Mosaic Co. Add +3.3% 0.61% +0.01
EVRG Evergy Inc. Add +2.3% 0.34% +0.01
PEP Pepsico Inc. Add +19.6% 0.16% +0.01
XOM Exxon Mobil Corp. Add +1.7% 1.17% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +1.5% 225,643 $13.5M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +4.7% 7,180 $8.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +8.6% 367 $453K

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