Oxbow Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Oxbow Advisors, LLC reported 241 stock positions worth $1.2 billion. Its top holding was Vanguard 0-3M T-Bill ETF (VBIL) at 14.9% of the portfolio, followed by iShares Gold Trust (IAU, 5.2%) and Enterprise Products Partners (EPD, 4.5%). Compared with Q4 2025, it opened 28 new positions, sold out of 34, added to 77 and reduced 89. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +32%) and the biggest sale Alphabet Class C (GOOG, shares −32%).

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0001564770
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0002085853-26-000513 ↗ filed Apr 27, 2026

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 Q1 2025 Q2 2025: $898.8M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 241 stocks · $1.2B

VBIL Vanguard 0-3M T-Bill ETF 14.92% 2,285,697 $172.9M Add +31.5%
IAU iShares Gold Trust 5.18% 680,458 $60.0M Reduce -15.2%
EPD Enterprise Products Partners 4.46% 1,364,787 $51.6M Add +2.7%
AAPL Apple Inc. 2.27% 103,605 $26.3M Reduce -19.0%
GOOG Alphabet Inc. Class C 2.19% 88,353 $25.3M Reduce -31.8%
MPLX MPLX LP 2.14% 434,012 $24.8M Add +7.1%
AMLP Alerian MLP ETF 2.06% 453,356 $23.9M Add +100.4%
MSFT Microsoft Corp. 1.97% 61,575 $22.8M Reduce -21.2%
PB Prosperity Bancshares Inc. 1.75% 301,825 $20.3M New
AEM Agnico Eagle Mines Ltd. 1.53% 87,269 $17.7M Add +1.0%
CVX Chevron Corp. 1.45% 81,423 $16.8M Reduce -6.7%
RGLD Royal Gold Inc. 1.30% 59,250 $15.1M Add +1.9%
MCO Moody's Corp. 1.30% 34,555 $15.1M Add +1.5%
LNG Cheniere Energy Inc. 1.22% 49,874 $14.2M Reduce -0.4%
WPM Wheaton Precious Metals Corp. 1.22% 107,996 $14.1M Add +91.1%
XOM Exxon Mobil Corp. 1.14% 77,820 $13.2M Reduce -0.1%
MA Mastercard Inc. Class A 1.07% 24,850 $12.4M Add +1.1%
UGI Ugi Corp. 1.03% 327,315 $11.9M Add +6.3%
V Visa Inc. Class A 1.02% 39,298 $11.9M Add +1.3%
NTR Nutrien Ltd. 0.99% 152,059 $11.5M Add +6.3%
ET Energy Transfer LP 0.98% 586,053 $11.3M Add +13.2%
JNJ Johnson & Johnson 0.93% 44,224 $10.8M Reduce -1.6%
MTDR Matador Resources Co. 0.89% 163,148 $10.3M Add +6.9%
GLD SPDR Gold Shares 0.86% 23,089 $9.9M Add +20.8%
COP Conocophillips 0.85% 74,639 $9.9M Reduce -0.1%
PAGP Plains GP Holdings LP 0.82% 390,960 $9.5M Add +9.2%
PBR Petroleo Brasileiro-Spon ADR 0.81% 450,479 $9.3M Add +7.7%
SLV iShares Silver Trust 0.80% 136,303 $9.3M Reduce -53.7%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.80% 127,211 $9.3M Add +6.0%
AGI Alamos Gold Inc. Class A 0.76% 199,132 $8.8M Add +240.6%
EXPE Expedia Group Inc. 0.76% 38,318 $8.8M Add +1.4%
UAN CVR Partners LP 0.76% 69,768 $8.8M Add +5.7%
FNV Franco-Nevada Corp. 0.75% 35,325 $8.7M Reduce -0.0%
BKNG Booking Holdings Inc. 0.74% 2,028 $8.5M Add +1.1%
MCD McDonald's Corp. 0.70% 26,210 $8.1M Add +1.2%
ACGL Arch Capital Group Ltd. 0.70% 84,717 $8.1M Add +0.5%
AZN Astrazeneca PLC 0.69% 40,552 $8.0M Add +3.6%
CTVA Corteva Inc. 0.69% 95,189 $8.0M Add +88.4%
OHI Omega Healthcare Investors 0.64% 168,256 $7.4M New
DSTL Distillate US Fundamental St 0.62% 125,118 $7.2M Reduce -21.3%
SU Suncor Energy Inc. 0.62% 108,519 $7.2M Reduce -0.1%
EOG EOG Resources Inc. 0.60% 48,142 $7.0M Add +0.5%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.60% 253,979 $6.9M Add +7.1%
VRSN Verisign Inc. 0.59% 27,339 $6.8M Add +1.2%
RIO Rio Tinto PLC-Spon ADR 0.58% 71,732 $6.7M Add +5.5%
MTD Mettler-Toledo International 0.57% 5,264 $6.6M Add +1.1%
GIL Gildan Activewear Inc. 0.56% 115,939 $6.5M Add +29.2%
ABNB Airbnb Inc. Class A 0.55% 50,861 $6.4M Add +0.9%
ORLY O'reilly Automotive Inc. 0.55% 69,486 $6.4M Add +1.7%
RMD Resmed Inc. 0.54% 27,963 $6.3M Add +1.4%
MNST Monster Beverage Corp. 0.54% 85,814 $6.2M Add +70.7%
CNR Core Natural Resources Inc. 0.53% 58,778 $6.2M New
RIG Transocean Ltd. 0.53% 925,395 $6.1M New
KMI Kinder Morgan Inc. 0.51% 177,127 $5.9M Reduce -4.7%
CF CF Industries Holdings Inc. 0.49% 43,576 $5.7M New
NFG National Fuel Gas Co. 0.49% 59,954 $5.6M New
CI The Cigna Group 0.48% 20,858 $5.6M Add +2.9%
SHY iShares 1-3 Year Treasury Bo 0.47% 66,353 $5.5M Add +51.7%
UBER Uber Technologies Inc. 0.46% 74,152 $5.3M Add +1.6%
GDX Vaneck Gold Miners ETF 0.45% 57,397 $5.3M Add +0.1%
MAS Masco Corp. 0.44% 85,269 $5.1M Add +65.4%
ABBV Abbvie Inc. 0.44% 23,474 $5.1M Add +1.5%
VALE Vale SA-SP ADR 0.43% 312,615 $5.0M Reduce -42.8%
HL Hecla Mining Co. 0.42% 261,475 $4.9M Reduce -41.1%
OTIS Otis Worldwide Corp. 0.42% 62,449 $4.8M Add +97.0%
MCK McKesson Corp. 0.41% 5,443 $4.7M Reduce -0.2%
DHT DHT Holdings Inc. 0.40% 252,881 $4.6M New
JPST JPMorgan Ultra-Short Income 0.39% 88,520 $4.5M Add +14.9%
MEDP Medpace Holdings Inc. 0.38% 9,201 $4.4M Add +0.0%
AEP American Electric Power 0.38% 33,695 $4.4M Add +0.9%
NVS Novartis AG-Sponsored ADR 0.38% 28,545 $4.4M Add +0.1%
TFLO iShares Treasury Floating Ra 0.38% 86,100 $4.4M Reduce -41.8%
SLB SLB Ltd. filed as SLB LIMITED 0.37% 82,828 $4.3M New
ADM Archer-Daniels-Midland Co. 0.37% 58,224 $4.2M Add +7.2%
RPRX Royalty Pharma PLC Class A 0.36% 86,516 $4.2M Add +0.2%
REGN Regeneron Pharmaceuticals 0.36% 5,334 $4.1M Add +0.1%
AMGN Amgen Inc. 0.35% 11,606 $4.1M Reduce -0.1%
EVRG Evergy Inc. 0.34% 48,493 $4.0M Add +1.3%
UNP Union Pacific Corp. 0.33% 15,802 $3.8M Add +1.1%
ALM Almonty Industries Inc. 0.32% 259,846 $3.8M New
NESR National Energy Services Reu 0.32% 175,127 $3.8M Reduce -33.1%
BKV BKV Corporation 0.32% 130,142 $3.7M New
CAT Caterpillar Inc. 0.32% 5,215 $3.7M Reduce -21.2%
OR Or Royalties Inc. 0.32% 96,499 $3.7M New
YUM Yum! Brands Inc. 0.31% 23,367 $3.6M Add +1.6%
DTE DTE Energy Company 0.31% 24,638 $3.6M Add +1.1%
WMB Williams Cos Inc. 0.30% 48,350 $3.5M Reduce -0.1%
RSP Invesco S&P 500 Equal Weight 0.30% 18,209 $3.5M Reduce -21.5%
CL Colgate-Palmolive Co. 0.29% 39,920 $3.4M Add +0.7%
LOW Lowe's Cos Inc. 0.29% 14,300 $3.4M Add +0.6%
BUL Pacer US Cash Cows Growth 0.29% 61,547 $3.3M Add +151.5%
GGG Graco Inc. 0.28% 38,863 $3.3M Add +0.9%
FTNT Fortinet Inc. 0.28% 40,178 $3.3M New
SEIC Sei Investments Company 0.28% 41,842 $3.3M New
DGRW Wisdomtree U.S. Quality Divi 0.28% 37,227 $3.3M Add +30.7%
WMS Advanced Drainage Systems Inc. 0.27% 23,208 $3.2M New
HQY Healthequity Inc. 0.27% 37,653 $3.1M New
PRI Primerica Inc. 0.27% 12,430 $3.1M Add +1.3%
ZM Zoom Communications Inc. 0.27% 38,622 $3.1M Add +0.7%
EMO Clearbridge Energy Midstream 0.27% 58,484 $3.1M No change
CCK Crown Holdings Inc. 0.26% 30,565 $3.1M Add +1.5%
MSCI MSCI Inc. 0.26% 5,674 $3.1M New
ULTA Ulta Beauty Inc. 0.26% 5,785 $3.0M New
SONY Sony Group Corp. - SP ADR 0.26% 145,802 $3.0M New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.26% 13,800 $3.0M Reduce -3.6%
CDNS Cadence Design SYS Inc. 0.25% 10,300 $2.9M New
DPZ Domino's Pizza Inc. 0.23% 7,506 $2.7M Add +1.5%
CDE Coeur Mining Inc. 0.23% 141,497 $2.7M New
QQQ Invesco QQQ Trust Series 1 0.22% 4,517 $2.6M Add +6.9%
VOO Vanguard S&P 500 ETF 0.22% 4,335 $2.6M Add +10.2%
PAA Plains All Amer Pipeline LP 0.21% 111,202 $2.5M Reduce -2.4%
WMT Walmart Inc. 0.21% 19,397 $2.4M Reduce -32.4%
VTI VG Morningstar TS MKT ETF-US 0.20% 7,376 $2.4M Reduce -3.3%
COST Costco Wholesale Corp. 0.18% 2,151 $2.1M Reduce -1.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.18% 3,170 $2.1M Add +1.6%
AVGO Broadcom Inc. 0.18% 6,610 $2.0M Reduce -20.8%
BX Blackstone Inc. 0.17% 17,061 $2.0M Reduce -29.0%
DVY iShares Select Dividend ETF 0.16% 12,621 $1.9M Reduce -14.5%
WM Waste Management Inc. 0.16% 8,175 $1.9M No change
GOOGL Alphabet Inc. Class A 0.16% 6,451 $1.9M Reduce -15.6%
NVDA Nvidia Corp. 0.16% 10,360 $1.8M Reduce -21.5%
GFI Gold Fields Ltd.-Spons ADR 0.15% 38,675 $1.8M No change
JXN Jackson Financial Inc. Class A 0.14% 15,405 $1.6M Reduce -3.0%
VTR Ventas Inc. 0.14% 19,725 $1.6M Reduce -7.5%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.12% 3,924 $1.4M Add +0.1%
AMZN Amazon.com Inc. 0.12% 6,760 $1.4M Reduce -12.0%
PG The Procter & Gamble Co. 0.12% 9,235 $1.3M Reduce -12.4%
PEP Pepsico Inc. 0.11% 8,278 $1.3M Reduce -19.0%
PHYS Sprott Physical Gold Trust 0.11% 35,818 $1.3M Reduce -11.1%
KR Kroger Co. 0.11% 17,203 $1.2M Reduce -1.7%
TPYP Tortoise North American Pipe 0.11% 29,297 $1.2M Reduce -82.4%
SCHD Schwab US DVD Equity ETF 0.11% 40,400 $1.2M Add +88.3%
VB Vanguard Most SM-Cap ETF-Usd 0.10% 4,484 $1.2M No change
ADP Automatic Data Processing 0.10% 5,780 $1.2M Reduce -81.1%
STEL Stellar Bancorp Inc. 0.09% 28,368 $1.0M No change
SSRM SSR Mining Inc. 0.09% 35,230 $1.0M No change
OKE Oneok Inc. 0.09% 11,230 $1.0M Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B 0.09% 2,106 $1.0M Reduce -6.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 3,821 $926K Reduce -12.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.08% 3,205 $920K No change
UL Unilever PLC-Sponsored ADR 0.08% 15,716 $895K Reduce -86.6%
AG First Majestic Silver Corp. 0.07% 40,472 $869K No change
MSI Motorola Solutions Inc. 0.07% 1,770 $768K Reduce -30.4%
PNFP Pinnacle Financial Partners 0.07% 8,750 $754K New
GDXJ Vaneck Junior Gold Miners 0.07% 6,277 $753K Reduce -3.1%
SUN Sunoco LP 0.06% 11,075 $720K Add +4.5%
BRK.A Berkshire Hathaway Inc. Class A 0.06% 1 $718K No change
SPIB SS SPDR P Int C Corp. ETF 0.06% 20,863 $700K New
SYY Sysco Corp. 0.06% 9,600 $685K No change
CEF Sprott Physical Gold and Sil 0.06% 14,306 $683K No change
TPL Texas Pacific Land Corp. 0.06% 1,431 $679K No change
TRP TC Energy Corp. 0.06% 10,698 $670K Reduce -12.2%
AU Anglogold Ashanti PLC 0.06% 6,819 $664K Reduce -40.5%
VTS Vitesse Energy Inc. 0.06% 36,197 $657K Reduce -0.5%
MTG Mgic Investment Corp. 0.06% 25,000 $656K No change
ABT Abbott Laboratories 0.06% 6,379 $655K Reduce -21.0%
TBIL F/M US Treasury 3 Month Bill 0.06% 13,104 $653K Reduce -35.7%
PSLV Sprott Physical Silver Trust 0.06% 26,298 $641K Reduce -28.2%
B Barrick Mining Corp. 0.06% 15,695 $640K Reduce -36.5%
IWV iShares Russell 3000 ETF 0.05% 1,657 $614K Reduce -9.7%
HD Home Depot Inc. 0.05% 1,806 $594K Reduce -28.8%
KGC Kinross Gold Corp. 0.05% 19,315 $589K No change
UNH Unitedhealth Group Inc. 0.05% 2,153 $583K Reduce -2.0%
FCG First Trust Natural Gas ETF 0.05% 17,523 $555K Add +39.6%
SIL Global X Silver Miners ETF 0.05% 5,955 $536K Add +0.0%
NVG Nuveen Amt-FR Muni CRDT 0.05% 43,242 $533K Reduce -0.7%
MPC Marathon Petroleum Corp. 0.05% 2,181 $533K Add +0.1%
VNOM Viper Energy Inc. Class A 0.05% 11,300 $531K Add +0.0%
GBTC Grayscale Bitcoin Trust ETF 0.05% 10,000 $528K No change
PAAS Pan American Silver Corp. 0.04% 9,243 $505K Reduce -13.3%
AXP American Express Co. 0.04% 1,653 $500K Reduce -1.1%
GGN Gamco GLBL Gold NTRL Res Inc. 0.04% 91,750 $488K No change
TGT Target Corp. 0.04% 3,942 $478K Reduce -6.8%
LUV Southwest Airlines Co. 0.04% 12,706 $477K No change
VTES Vanguard SH Term Tax-Ex Bond 0.04% 4,667 $472K No change
OXY Occidental Petroleum Corp. 0.04% 7,020 $456K Reduce -0.3%
XME SS SPDR S&P Metals Mining 0.04% 4,075 $440K No change
FAX Abrdn Asia-Pacific Income 0.04% 30,509 $440K No change
EXE Expand Energy Corp. 0.04% 3,917 $430K Reduce -2.3%
DFAC Dimensional US Core Equity 2 0.04% 10,907 $424K No change
IEI iShares 3-7 Year Treasury Bo 0.04% 3,553 $421K Add +65.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,578 $418K Reduce -17.3%
AR Antero Resources Corp. 0.04% 9,752 $414K Reduce -93.3%
EQT Eqt Corp. 0.03% 6,258 $398K No change
MRK Merck & Co. Inc. 0.03% 3,283 $395K No change
MMM 3M Co. 0.03% 2,638 $383K Reduce -6.7%
ORCL Oracle Corp. 0.03% 2,598 $382K Reduce -3.7%
VLO Valero Energy Corp. 0.03% 1,526 $377K Reduce -34.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 1,249 $373K No change
RSG Republic Services Inc. 0.03% 1,681 $368K Reduce -33.5%
DUK Duke Energy Corp. 0.03% 2,717 $356K Add +2.6%
ADBE Adobe Inc. 0.03% 1,442 $351K Reduce -91.1%
COKE Coca-Cola Consolidated Inc. 0.03% 1,808 $347K Reduce -24.0%
BTG B2GOLD Corp. 0.03% 76,485 $346K No change
BA The Boeing Co. 0.03% 1,715 $341K Add +9.6%
CSCO Cisco Systems Inc. 0.03% 4,316 $335K Reduce -44.8%
CLX Clorox Company 0.03% 3,184 $330K No change
ARLP Alliance Resource Partners 0.03% 11,695 $323K No change
GNT Gamco Natural Resources Gold 0.03% 38,450 $321K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,009 $321K Reduce -14.9%
GWW WW Grainger Inc. 0.03% 290 $316K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 680 $297K Reduce -36.5%
JPM JPMorgan Chase & Co. 0.03% 1,002 $295K Reduce -29.3%
TRGP Targa Resources Corp. 0.03% 1,162 $291K No change
KMB Kimberly-Clark Corp. 0.02% 2,995 $289K Reduce -37.8%
GE General Electric filed as GE AEROSPACE 0.02% 1,014 $288K Reduce -4.7%
VZLA Vizsla Silver Corp. 0.02% 86,120 $284K No change
SBR Sabine Royalty Trust 0.02% 3,768 $283K No change
GIS General Mills Inc. 0.02% 7,584 $282K Reduce -0.3%
EQX Equinox Gold Corp. 0.02% 19,455 $281K No change
HON Honeywell International Inc. 0.02% 1,166 $264K Reduce -16.6%
SILJ Amplify Junior Silver Miners 0.02% 8,695 $258K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.02% 1,391 $256K Reduce -33.6%
COPX Global X Copper Miners ETF 0.02% 3,350 $256K No change
RING iShares MSCI Global Gold Min 0.02% 3,227 $255K No change
EGP Eastgroup Properties Inc. 0.02% 1,350 $250K No change
TLT iShares 20+ Year Treasury BD 0.02% 2,860 $248K No change
IWP iShares Russell Mid-Cap Grow 0.02% 1,907 $244K Reduce -36.6%
FANG Diamondback Energy Inc. 0.02% 1,227 $243K New
FCX Freeport-McMoran Inc. 0.02% 4,108 $241K Reduce -35.6%
SH Proshares Short S&P500 0.02% 6,250 $237K Reduce -11.3%
LNT Alliant Energy Corp. 0.02% 3,200 $230K Reduce -34.9%
WEC WEC Energy Group Inc. 0.02% 1,971 $228K Reduce -22.8%
GEV GE Vernova Inc. 0.02% 260 $227K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 2,402 $220K New
SHEL Shell PLC-ADR 0.02% 2,360 $219K New
SPH Suburban Propane Partners LP 0.02% 11,080 $218K No change
PM Philip Morris International 0.02% 1,310 $217K Reduce -20.9%
BP BP PLC-Spons ADR 0.02% 4,560 $214K New
SHW The Sherwin-Williams Co. 0.02% 660 $212K No change
SA Seabridge Gold Inc. 0.02% 7,435 $211K Reduce -6.3%
Q Qnity Electronics Inc. 0.02% 1,825 $211K New
PFF iShares Preferred & Income S 0.02% 6,855 $208K No change
VYM Vanguard High DVD Yield ETF 0.02% 1,397 $207K No change
NEM Newmont Corp. 0.02% 1,855 $201K Reduce -18.8%
XCHYX Calamos Convert & High Inc. 0.02% 17,500 $191K No change
PDI PIMCO Dynamic Income Fund 0.01% 10,075 $172K No change
AVK Advent Convert & Income 0.01% 15,126 $169K Add +2.9%
ACP Abrdn Income Credit Strat 0.01% 27,604 $141K No change
NUV Nuveen Municipal Value 0.01% 14,839 $133K No change
XEFRX Eaton Vance Sr FLTG Rate TR 0.01% 11,500 $121K No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $17.4M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 251,429$16.3MAdd +10.9%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 357$412KReduce -1.9%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 289$345KReduce -12.2%
ENERGY TRANSFER LP (ET 9.25 PERP I) 9.250% FXD PFD I 24,261$281KNew

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q4 2025 → Q1 2026

GOOG Alphabet Inc. Class C Reduce -31.8% 2.19% −1.44
MSFT Microsoft Corp. Reduce -21.2% 1.97% −1.41
INTU Intuit Inc. Sold out 0.00% −1.13
APA Apa Corp. Sold out 0.00% −1.00
LNC Lincoln National Corp. Sold out 0.00% −0.92
SLV iShares Silver Trust Reduce -53.7% 0.80% −0.89
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.86
AAPL Apple Inc. Reduce -19.0% 2.27% −0.83
IAU iShares Gold Trust Reduce -15.2% 5.18% −0.64
GSK GSK PLC-Spon ADR Sold out 0.00% −0.63
UL Unilever PLC-Sponsored ADR Reduce -86.6% 0.08% −0.61
ADP Automatic Data Processing Reduce -81.1% 0.10% −0.60
PRU Prudential Financial Inc. Sold out 0.00% −0.58
BBY Best Buy Co. Inc. Sold out 0.00% −0.56
WDAY Workday Inc. Class A Sold out 0.00% −0.51
ADBE Adobe Inc. Reduce -91.1% 0.03% −0.47
NOW ServiceNow Inc. Sold out 0.00% −0.47
TPYP Tortoise North American Pipe Reduce -82.4% 0.11% −0.42
AR Antero Resources Corp. Reduce -93.3% 0.04% −0.41
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.41
MOS The Mosaic Co. Sold out 0.00% −0.41
MELI MercadoLibre Inc. Sold out 0.00% −0.40
HL Hecla Mining Co. Reduce -41.1% 0.42% −0.34
TFLO iShares Treasury Floating Ra Reduce -41.8% 0.38% −0.29
CHKP Check Point Software Tech Sold out 0.00% −0.27
ADSK Autodesk Inc. Sold out 0.00% −0.26
ZS Zscaler Inc. Sold out 0.00% −0.26
NGD New Gold Inc. Sold out 0.00% −0.21
DSTL Distillate US Fundamental St Reduce -21.3% 0.62% −0.21
VALE Vale SA-SP ADR Reduce -42.8% 0.43% −0.21
BX Blackstone Inc. Reduce -29.0% 0.17% −0.16
RSP Invesco S&P 500 Equal Weight Reduce -21.5% 0.30% −0.10
DSMC Distillate S/M Cash Flow ETF Sold out 0.00% −0.09
AVGO Broadcom Inc. Reduce -20.8% 0.18% −0.08
WMT Walmart Inc. Reduce -32.4% 0.21% −0.08
PNFP Pinnacle Financial Partners Sold out 0.00% −0.07
AJG Arthur J Gallagher & Co. Reduce -3.6% 0.26% −0.07
NVDA Nvidia Corp. Reduce -21.5% 0.16% −0.06
GOOGL Alphabet Inc. Class A Reduce -15.6% 0.16% −0.05
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −0.04
NESR National Energy Services Reu Reduce -33.1% 0.32% −0.04
B Barrick Mining Corp. Reduce -36.5% 0.06% −0.04
AMZN Amazon.com Inc. Reduce -12.0% 0.12% −0.04
MICC The Magnum Ice Cream Co. NV Sold out 0.00% −0.04
IBM Intl Business Machines Corp. Reduce -12.4% 0.08% −0.04
TBIL F/M US Treasury 3 Month Bill Reduce -35.7% 0.06% −0.03
ABT Abbott Laboratories Reduce -21.0% 0.06% −0.03
META Meta Platforms Inc. Class A Sold out 0.00% −0.03
AU Anglogold Ashanti PLC Reduce -40.5% 0.06% −0.03
VONE Vanguard Russell 1000 Sold out 0.00% −0.03

Portfolio Buys Q4 2025 → Q1 2026

VBIL Vanguard 0-3M T-Bill ETF Add +31.5% 14.92% +3.22
PB Prosperity Bancshares Inc. New 1.75% +1.75
AMLP Alerian MLP ETF Add +100.4% 2.06% +1.11
EPD Enterprise Products Partners Add +2.7% 4.46% +0.65
OHI Omega Healthcare Investors New 0.64% +0.64
WPM Wheaton Precious Metals Corp. Add +91.1% 1.22% +0.63
AGI Alamos Gold Inc. Class A Add +240.6% 0.76% +0.56
CNR Core Natural Resources Inc. New 0.53% +0.53
RIG Transocean Ltd. New 0.53% +0.53
CF CF Industries Holdings Inc. New 0.49% +0.49
NFG National Fuel Gas Co. New 0.49% +0.49
DHT DHT Holdings Inc. New 0.40% +0.40
CTVA Corteva Inc. Add +88.4% 0.69% +0.39
SLB SLB Ltd. New 0.37% +0.37
PBR Petroleo Brasileiro-Spon ADR Add +7.7% 0.81% +0.36
ALM Almonty Industries Inc. New 0.32% +0.32
BKV BKV Corporation New 0.32% +0.32
OR Or Royalties Inc. New 0.32% +0.32
MTDR Matador Resources Co. Add +6.9% 0.89% +0.31
FTNT Fortinet Inc. New 0.28% +0.28
SEIC Sei Investments Company New 0.28% +0.28
WMS Advanced Drainage Systems Inc. New 0.27% +0.27
HQY Healthequity Inc. New 0.27% +0.27
MSCI MSCI Inc. New 0.26% +0.26
ULTA Ulta Beauty Inc. New 0.26% +0.26
SONY Sony Group Corp. - SP ADR New 0.26% +0.26
CDNS Cadence Design SYS Inc. New 0.25% +0.25
CDE Coeur Mining Inc. New 0.23% +0.23
AEM Agnico Eagle Mines Ltd. Add +1.0% 1.53% +0.22
ET Energy Transfer LP Add +13.2% 0.98% +0.21
PAGP Plains GP Holdings LP Add +9.2% 0.82% +0.21
MPLX MPLX LP Add +7.1% 2.14% +0.21
NTR Nutrien Ltd. Add +6.3% 0.99% +0.20
MNST Monster Beverage Corp. Add +70.7% 0.54% +0.19
GLD SPDR Gold Shares Add +20.8% 0.86% +0.18
OTIS Otis Worldwide Corp. Add +97.0% 0.42% +0.17
BUL Pacer US Cash Cows Growth Add +151.5% 0.29% +0.17
UAN CVR Partners LP Add +5.7% 0.76% +0.16
MAS Masco Corp. Add +65.4% 0.44% +0.15
BHP BHP Group Ltd.-Spon ADR Add +6.0% 0.80% +0.15
EOG EOG Resources Inc. Add +0.5% 0.60% +0.15
SHY iShares 1-3 Year Treasury Bo Add +51.7% 0.47% +0.15
RGLD Royal Gold Inc. Add +1.9% 1.30% +0.15
RIO Rio Tinto PLC-Spon ADR Add +5.5% 0.58% +0.09
ADM Archer-Daniels-Midland Co. Add +7.2% 0.37% +0.09
PNFP Pinnacle Financial Partners New 0.07% +0.07
SPIB SS SPDR P Int C Corp. ETF New 0.06% +0.06
RPRX Royalty Pharma PLC Class A Add +0.2% 0.36% +0.06
GIL Gildan Activewear Inc. Add +29.2% 0.56% +0.06
DGRW Wisdomtree U.S. Quality Divi Add +30.7% 0.28% +0.05

Notes & Other Activity Q4 2025 → Q1 2026

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +10.9% 251,429 $16.3M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -1.9% 357 $412K
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -12.2% 289 $345K
ENERGY TRANSFER LP (ET 9.25 PERP I) 9.250% FXD PFD I New 24,261 $281K

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