Spirit of America Management Corp.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Spirit of America Management Corp. reported 314 stock positions worth $493.8 million. Its top holding was Nvidia (NVDA) at 4.1% of the portfolio, followed by Williams Cos (WMB, 3.1%) and Targa Resources (TRGP, 2.5%). Compared with Q4 2024, it opened 11 new positions, sold out of 8, added to 82 and reduced 67. The biggest buy was Texas Pacific Land (TPL, shares +45%) and the biggest sale Nvidia (NVDA, shares −8%).

Most Recent 13F
Q2 2026
Location
SYOSSET, NY
CIK
0001041283
Portfolio Value
$493.8M (Q1 2025)
SEC Filing
0001104659-25-036870 ↗ filed Apr 21, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $496.3M Q1 2024 Q2 2024: $492.9M Q2 2024 Q3 2024: $501.6M Q3 2024 Q4 2024: $493.7M Q4 2024 Q1 2025: $493.8M $493.8M Q1 2025 Q2 2025: $479.5M Q2 2025 Q3 2025: $498.5M Q3 2025 Q4 2025: $471.5M Q4 2025 Q1 2026: $506.6M Q1 2026 Q2 2026: $530.5M Q2 2026

Holdings 314 stocks · $493.8M
NVDA Nvidia Corp. 4.11% 187,070 $20.3M Reduce -7.8%
WMB Williams Cos Inc. 3.08% 254,932 $15.2M Reduce -10.4%
TRGP Targa Resources Corp. 2.51% 61,783 $12.4M Reduce -0.9%
LNG Cheniere Energy Inc. 2.24% 47,875 $11.1M Reduce -2.0%
OKE Oneok Inc. 2.22% 110,472 $11.0M Add +2.1%
KMI Kinder Morgan Inc. 2.17% 376,244 $10.7M No change
CVX Chevron Corp. 2.15% 63,590 $10.6M Reduce -13.5%
ET Energy Transfer LP 2.11% 561,700 $10.4M Reduce -2.3%
XOM Exxon Mobil Corp. 2.01% 83,347 $9.9M Reduce -9.4%
AAPL Apple Inc. 1.99% 44,182 $9.8M Reduce -2.2%
VLO Valero Energy Corp. 1.92% 71,784 $9.5M Reduce -6.9%
PSX Phillips 66 1.84% 73,536 $9.1M Reduce -1.9%
ENB Enbridge Inc. 1.82% 202,627 $9.0M No change
MPC Marathon Petroleum Corp. 1.65% 55,875 $8.1M Reduce -1.2%
MPLX MPLX LP 1.58% 145,397 $7.8M Reduce -1.4%
EPD Enterprise Products Partners 1.55% 223,636 $7.6M No change
MSFT Microsoft Corp. 1.48% 19,499 $7.3M No change
GOOGL Alphabet Inc. Class A 1.39% 44,400 $6.9M No change
PAA Plains All Amer Pipeline LP 1.35% 332,300 $6.6M No change
WES Western Midstream Partners L 1.34% 161,650 $6.6M No change
HESM Hess Midstream LP Class A 1.32% 153,837 $6.5M No change
COST Costco Wholesale Corp. 1.29% 6,756 $6.4M Reduce -1.1%
EQIX Equinix Inc. 1.26% 7,660 $6.2M Add +0.7%
AMZN Amazon.com Inc. 1.18% 30,550 $5.8M Add +1.2%
WELL Welltower Inc. 1.17% 37,725 $5.8M Add +4.7%
JPM JPMorgan Chase & Co. 1.09% 21,892 $5.4M No change
COP Conocophillips 1.03% 48,404 $5.1M Reduce -4.3%
ABBV Abbvie Inc. 0.92% 21,600 $4.5M Reduce -10.7%
DLR Digital Realty Trust Inc. 0.85% 29,431 $4.2M Add +2.1%
WMT Walmart Inc. 0.84% 47,052 $4.1M No change
ORCL Oracle Corp. 0.79% 27,975 $3.9M Add +4.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.75% 43,250 $3.7M Add +4.6%
TRP TC Energy Corp. 0.74% 77,578 $3.7M Add +1.3%
CAT Caterpillar Inc. 0.74% 11,090 $3.7M Reduce -2.6%
AVB Avalonbay Communities Inc. 0.73% 16,890 $3.6M Add +11.2%
NEE Nextera Energy Inc. 0.72% 50,225 $3.6M Add +5.7%
PLD Prologis Inc. 0.72% 31,601 $3.5M Reduce -7.9%
EOG EOG Resources Inc. 0.70% 27,100 $3.5M Reduce -6.9%
BSM Black Stone Minerals LP 0.68% 218,999 $3.3M Reduce -10.6%
MCK McKesson Corp. 0.66% 4,845 $3.3M No change
FANG Diamondback Energy Inc. 0.64% 19,800 $3.2M No change
BKR Baker Hughes Co. 0.62% 69,750 $3.1M No change
TPL Texas Pacific Land Corp. 0.60% 2,255 $3.0M Add +45.0%
LLY Eli Lilly & Co. 0.58% 3,465 $2.9M Add +3.0%
SPG Simon Property Group Inc. 0.57% 17,000 $2.8M Reduce -2.9%
CMG Chipotle Mexican Grill Inc. 0.57% 56,200 $2.8M Reduce -3.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.56% 85,370 $2.8M No change
VST Vistra Corp. 0.55% 23,050 $2.7M Add +38.4%
DE Deere & Co. 0.54% 5,710 $2.7M Reduce -0.9%
TRNO Terreno Realty Corp. 0.54% 41,975 $2.7M No change
V Visa Inc. Class A 0.54% 7,550 $2.6M No change
CEG Constellation Energy 0.52% 12,850 $2.6M Add +38.2%
BP BP PLC-Spons ADR 0.51% 74,361 $2.5M Reduce -8.6%
PSA Public Storage 0.51% 8,375 $2.5M Reduce -4.6%
ESS Essex Property Trust Inc. 0.50% 8,036 $2.5M Add +11.1%
CTRA Coterra Energy Inc. 0.49% 84,000 $2.4M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.48% 33,115 $2.4M Add +2.2%
WCN Waste Connections Inc. 0.46% 11,575 $2.3M Reduce -5.7%
HD Home Depot Inc. 0.46% 6,138 $2.2M No change
BRK.B Berkshire Hathaway Inc. Class B 0.43% 4,020 $2.1M No change
UDR Udr Inc. 0.42% 46,100 $2.1M Add +1.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.41% 48,900 $2.0M Reduce -1.0%
AMAT Applied Materials Inc. 0.41% 14,020 $2.0M No change
BX Blackstone Inc. 0.40% 14,300 $2.0M Add +9.2%
ETR Entergy Corp. 0.40% 23,200 $2.0M Add +14.8%
PPL PPL Corp. 0.40% 54,450 $2.0M Add +2.5%
DUK Duke Energy Corp. 0.39% 15,600 $1.9M Add +3.0%
WEC WEC Energy Group Inc. 0.39% 17,450 $1.9M Add +1.4%
EXR Extra Space Storage Inc. 0.38% 12,680 $1.9M Reduce -3.1%
HON Honeywell International Inc. 0.37% 8,650 $1.8M No change
OXY Occidental Petroleum Corp. 0.36% 36,100 $1.8M Reduce -1.4%
O Realty Income Corp. 0.34% 29,033 $1.7M No change
TXN Texas Instruments Inc. 0.33% 9,175 $1.6M Reduce -2.1%
VZ Verizon Communications Inc. 0.32% 35,040 $1.6M No change
DVN Devon Energy Corp. 0.32% 42,450 $1.6M Reduce -3.6%
WDAY Workday Inc. Class A 0.32% 6,680 $1.6M No change
PAGP Plains GP Holdings LP 0.31% 72,000 $1.5M No change
STAG Stag Industrial Inc. 0.31% 41,950 $1.5M Reduce -2.3%
GS Goldman Sachs Group Inc. 0.30% 2,715 $1.5M No change
GLPI Gaming and Leisure Propertie 0.30% 28,885 $1.5M No change
AEP American Electric Power 0.30% 13,450 $1.5M No change
C Citigroup Inc. 0.29% 20,350 $1.4M Add +8.8%
DTE DTE Energy Company 0.29% 10,400 $1.4M Add +4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 14,500 $1.4M Reduce -30.6%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.29% 11,000 $1.4M No change
NFLX Netflix Inc. 0.28% 1,500 $1.4M Add +30.4%
VNOM Viper Energy Inc. 0.28% 30,600 $1.4M No change
AMH American Homes 4 Rent- A 0.28% 36,300 $1.4M No change
MAA Mid-America Apartment Comm 0.28% 8,122 $1.4M Add +8.0%
AXP American Express Co. 0.27% 5,000 $1.3M No change
MA Mastercard Inc. Class A 0.27% 2,450 $1.3M No change
EQT Eqt Corp. 0.27% 25,000 $1.3M No change
OHI Omega Healthcare Investors 0.26% 33,500 $1.3M Add +3.1%
ELS Equity Lifestyle Properties 0.25% 18,550 $1.2M No change
CPT Camden Property Trust 0.25% 10,000 $1.2M Add +2.0%
PG The Procter & Gamble Co. 0.24% 7,065 $1.2M Reduce -2.8%
MRK Merck & Co. Inc. 0.24% 13,250 $1.2M Reduce -21.4%
CRWD CrowdStrike Holdings Inc. Class A 0.24% 3,325 $1.2M Add +18.8%
SRE Sempra 0.24% 16,300 $1.2M Add +16.9%
ACN Accenture PLC Class A 0.24% 3,725 $1.2M No change
ES Eversource Energy 0.23% 17,950 $1.1M Add +13.3%
CMI Cummins Inc. 0.23% 3,550 $1.1M No change
BRX Brixmor Property Group Inc. 0.22% 41,475 $1.1M No change
D Dominion Energy Inc. 0.22% 19,600 $1.1M Add +16.3%
PM Philip Morris International 0.22% 6,800 $1.1M Reduce -34.0%
TLN Talen Energy Corp. 0.22% 5,400 $1.1M Add +92.9%
TGT Target Corp. 0.22% 10,330 $1.1M No change
CSX CSX Corp. 0.22% 36,600 $1.1M No change
PEG Public Service Enterprise GP 0.22% 12,950 $1.1M Add +19.4%
HAL Halliburton Co. 0.21% 41,000 $1.0M Reduce -12.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.21% 24,850 $1.0M No change
CMS CMS Energy Corp. 0.21% 13,800 $1.0M Add +3.8%
CSCO Cisco Systems Inc. 0.21% 16,750 $1.0M No change
PBF PBF Energy Inc. Class A 0.21% 53,750 $1.0M Reduce -10.0%
NI Nisource Inc. 0.21% 25,350 $1.0M Add +6.7%
EXE Expand Energy Corp. 0.20% 9,050 $1.0M No change
REG Regency Centers Corp. 0.20% 13,400 $988K No change
FE Firstenergy Corp. 0.20% 24,450 $988K Add +14.0%
DINO HF Sinclair Corp. 0.19% 29,176 $959K Reduce -6.4%
META Meta Platforms Inc. Class A 0.19% 1,650 $951K Add +65.0%
ITT Itt Inc. 0.19% 7,350 $949K No change
FRT Federal Realty Invs Trust 0.19% 9,700 $949K No change
AM Antero Midstream Corp. 0.19% 52,500 $945K No change
XEL Xcel Energy Inc. 0.19% 13,300 $942K Add +19.3%
TSLA Tesla Inc. 0.19% 3,625 $939K Add +51.0%
WTRG Essential Utilities Inc. 0.19% 23,600 $933K Add +9.8%
AEE Ameren Corporation 0.19% 9,150 $919K Add +5.2%
NOW ServiceNow Inc. 0.18% 1,130 $900K No change
PANW Palo Alto Networks Inc. 0.18% 5,100 $870K No change
VRT Vertiv Holdings Co. Class A 0.17% 11,700 $845K Add +66.0%
EXC Exelon Corp. 0.17% 18,200 $839K Add +2.8%
CUBE Cubesmart 0.17% 19,450 $831K No change
VTR Ventas Inc. 0.17% 11,950 $822K Add +4.4%
UNH Unitedhealth Group Inc. 0.16% 1,550 $812K Reduce -20.5%
MCD McDonald's Corp. 0.16% 2,580 $806K No change
LOW Lowe's Cos Inc. 0.16% 3,400 $793K No change
EIX Edison International 0.16% 13,458 $793K No change
SUN Sunoco LP 0.16% 13,500 $784K No change
AMD Advanced Micro Devices 0.16% 7,550 $776K No change
MO Altria Group Inc. 0.15% 12,650 $759K No change
ATO Atmos Energy Corp. 0.15% 4,900 $757K Add +10.1%
NNN NNN REIT Inc. 0.15% 17,750 $757K No change
WMFFX Amer FND Wash Mut Inv-F2 filed as AMERICAN FUNDS WAS 0.15% 11,815 $726K Reduce -0.5%
AMBFX American Balanced Fund-F2 0.15% 21,067 $719K Reduce -0.4%
VIG Vanguard Dividend Apprec ETF 0.14% 3,683 $714K Reduce -0.6%
DGX Quest Diagnostics Inc. 0.14% 4,175 $706K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 2,668 $663K No change
JCI Johnson Controls Internation 0.13% 8,253 $661K Reduce -5.7%
GEN Gen Digital Inc. 0.13% 24,700 $656K No change
MDT Medtronic PLC 0.13% 7,069 $635K No change
AR Antero Resources Corp. 0.13% 15,500 $627K No change
ADC Agree Realty Corp. 0.13% 8,100 $625K No change
AVGO Broadcom Inc. 0.13% 3,700 $619K Add +2.8%
KR Kroger Co. 0.12% 9,000 $609K No change
LIN Linde PLC 0.12% 1,300 $605K No change
IEF iShares 7-10 Year Treasury B 0.12% 6,255 $597K Add +0.1%
EVRG Evergy Inc. 0.12% 8,650 $596K Add +6.8%
PAYX Paychex Inc. 0.12% 3,850 $594K No change
MAS Masco Corp. 0.12% 8,500 $591K No change
POR Portland General Electric Co. 0.12% 13,150 $586K Add +17.9%
WPC WP Carey Inc. 0.12% 9,200 $581K No change
QCOM Qualcomm Inc. 0.12% 3,750 $576K No change
HST Host Hotels & Resorts Inc. 0.11% 39,900 $567K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.11% 7,200 $563K No change
CNP Centerpoint Energy Inc. 0.11% 15,500 $562K No change
APGYX AB Large Cap Growth-Adv 0.11% 5,553 $557K Reduce -0.5%
KO The Coca-Cola Co. 0.11% 7,600 $544K No change
KIM Kimco Realty Corp. 0.11% 25,569 $543K No change
SO The Southern Co. 0.11% 5,900 $543K Add +9.3%
TMO Thermo Fisher Scientific Inc. 0.11% 1,090 $542K No change
KNTK Kinetik Holdings Inc. 0.11% 10,000 $519K No change
RRC Range Resources Corp. 0.11% 13,000 $519K No change
IJH iShares Core S&P Midcap ETF 0.10% 8,754 $511K Reduce -0.6%
FTI Technipfmc PLC 0.10% 16,000 $507K No change
DD Dupont DE Nemours Inc. 0.10% 6,500 $485K No change
ODIYX Invesco Discovery-Y 0.10% 4,515 $480K New
GOOG Alphabet Inc. Class C 0.10% 3,050 $477K Add +10.9%
BXP BXP Inc. 0.09% 6,915 $465K Add +7.8%
MTDR Matador Resources Co. 0.09% 9,000 $460K No change
CNX CNX Resources Corp. 0.09% 14,500 $456K Reduce -29.3%
CTVA Corteva Inc. 0.09% 7,233 $455K No change
IWL iShares Russell Top 200 ETF 0.09% 3,255 $447K Reduce -0.4%
CNC Centene Corp. 0.09% 7,300 $443K No change
CWEN Clearway Energy Inc. Class C 0.09% 14,550 $440K Add +15.9%
FDX FedEx Corp. 0.09% 1,800 $439K No change
AES AES Corp. 0.09% 34,500 $428K Reduce -10.4%
ABT Abbott Laboratories 0.08% 3,100 $411K No change
REXR Rexford Industrial Realty Inc. 0.08% 10,500 $411K Reduce -22.2%
OVV Ovintiv Inc. 0.08% 9,500 $407K Reduce -5.0%
SKT Tanger Inc. 0.08% 12,000 $405K Add +9.1%
ADBE Adobe Inc. 0.08% 1,050 $403K Reduce -16.0%
ARE Alexandria Real Estate Equit 0.08% 4,350 $402K Reduce -10.3%
ZS Zscaler Inc. 0.08% 2,000 $397K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.08% 4,946 $390K Add +4.3%
DBRG Digitalbridge Group Inc. 0.08% 44,000 $388K No change
CPK Chesapeake Utilities Corp. 0.08% 2,950 $379K Add +18.0%
OKLO Oklo Inc. 0.08% 17,500 $379K Add +1650.0%
SOBO South Bow Corp. 0.08% 14,765 $377K No change
AMT American Tower Corp. 0.08% 1,720 $374K No change
CME Cme Group Inc. 0.08% 1,404 $372K No change
DOC Healthpeak Properties Inc. 0.07% 18,217 $368K No change
GEV GE Vernova Inc. 0.07% 1,200 $366K New
GLW Corning Inc. 0.07% 8,000 $366K No change
LMT Lockheed Martin Corp. 0.07% 800 $357K Add +6.7%
HUM Humana Inc. 0.07% 1,350 $357K No change
LNT Alliant Energy Corp. 0.07% 5,550 $357K Add +5.7%
VOO Vanguard S&P 500 ETF 0.07% 694 $357K Reduce -1.4%
TLVIX Thrivent Large Cap Value-S 0.07% 12,090 $356K Add +0.1%
CTSH Cognizant Tech Solutions-A 0.07% 4,600 $352K No change
MS Morgan Stanley 0.07% 3,000 $350K No change
NRG NRG Energy Inc. 0.07% 3,650 $348K Add +65.9%
ISTB iShares Core 1-5 Year Usd Bo 0.07% 7,199 $348K Add +0.5%
WM Waste Management Inc. 0.07% 1,500 $347K Add +15.4%
BUBIX Baird Ultra Short Bond-Inst 0.07% 32,991 $334K Add +3.2%
UGI Ugi Corp. 0.07% 10,000 $331K Reduce -28.6%
PEP Pepsico Inc. 0.07% 2,200 $330K No change
CDP Copt Defense Properties 0.07% 12,000 $327K Add +140.0%
MCHP Microchip Technology Inc. 0.06% 6,450 $312K No change
HES Hess Corp. 0.06% 1,950 $311K No change
AWK American Water Works Co. Inc. 0.06% 2,050 $302K Add +10.8%
PLTR Palantir Technologies Inc. Class A 0.06% 3,500 $295K New
KKR KKR & Co. Inc. 0.06% 2,550 $295K Add +183.3%
UPS United Parcel Service Class B 0.06% 2,550 $280K No change
RTX RTX Corp. 0.06% 2,100 $278K No change
TXNM TXNM Energy Inc. 0.06% 5,200 $278K Add +10.6%
BXMT Blackstone Mortgage Tru Class A 0.06% 13,765 $275K Reduce -12.7%
BMY Bristol-Myers Squibb Co. 0.06% 4,500 $274K Reduce -10.0%
T AT&T Inc. 0.05% 9,500 $269K No change
CCI Crown Castle Inc. 0.05% 2,540 $265K No change
CG The Carlyle Group Inc. 0.05% 6,050 $264K No change
IDA Idacorp Inc. 0.05% 2,150 $250K Add +65.4%
IGEB iShares Investment Grade SYS 0.05% 5,532 $249K Reduce -0.6%
NWE Northwestern Energy Group Inc. 0.05% 4,300 $249K Add +126.3%
BLV Vanguard Long-Term Bond ETF 0.05% 3,492 $246K Reduce -0.1%
NFG National Fuel Gas Co. 0.05% 3,050 $242K No change
NTAP Netapp Inc. 0.05% 2,600 $228K No change
SWX Southwest Gas Holdings Inc. 0.05% 3,150 $226K No change
HASI Ha Sustainable Infrastructur 0.05% 7,717 $226K No change
GRMN Garmin Ltd. 0.04% 1,000 $217K No change
NWN Northwest Natural Holding Co. 0.04% 4,900 $209K Add +44.1%
INVH Invitation Homes Inc. 0.04% 6,000 $209K No change
CQP Cheniere Energy Partners LP 0.04% 2,993 $198K No change
NJR New Jersey Resources Corp. 0.04% 4,000 $196K Add +48.1%
CUZ Cousins Properties Inc. 0.04% 6,500 $192K No change
FNCL Fidelity MSCI Financial Indx 0.04% 2,752 $191K Reduce -0.7%
RSG Republic Services Inc. 0.04% 750 $182K Add +36.4%
FTC First Trust Large Cap Growth 0.04% 1,338 $176K Reduce -0.1%
MTUM iShares MSCI USA Momentum Fa 0.04% 865 $175K Add +0.2%
VHT Vanguard Health Care ETF 0.03% 648 $172K Add +1.1%
WY Weyerhaeuser Co. 0.03% 5,800 $170K No change
SPH Suburban Propane Partners LP 0.03% 8,000 $168K No change
ALARX Alger Capital Appr Inst-I 0.03% 4,317 $167K Reduce -0.3%
PR Permian Resources Corp. Class A 0.03% 12,000 $166K No change
MFEIX MFS Growth Fund-I 0.03% 899 $165K Add +0.6%
QQQ Invesco QQQ Trust Series 1 0.03% 352 $165K Add +0.6%
EQPGX Fidelity Adv Eqty GRW-I 0.03% 7,590 $162K Add +0.8%
SU Suncor Energy Inc. 0.03% 4,000 $155K No change
DELL Dell Technologies -C 0.03% 1,624 $148K No change
WFC Wells Fargo & Co. 0.03% 2,000 $144K No change
FCPT Four Corners Property Trust 0.03% 5,000 $144K No change
CTRE Caretrust REIT Inc. 0.03% 5,000 $143K No change
DOW Dow Inc. 0.03% 4,083 $143K No change
USAC USA Compression Partners LP 0.03% 5,284 $143K No change
MUR Murphy Oil Corp. 0.03% 5,000 $142K No change
CL Colgate-Palmolive Co. 0.03% 1,500 $141K No change
KRC Kilroy Realty Corp. 0.03% 4,265 $140K No change
TKO Tko Group Holdings Inc. 0.03% 900 $138K No change
HR Healthcare Realty Trust Inc. 0.03% 8,000 $135K No change
XRN Global Medical REIT Inc. 0.03% 15,000 $131K No change
SHO Sunstone Hotel Investors Inc. 0.03% 13,700 $129K No change
DHI D.R. Horton Inc. 0.03% 1,000 $127K No change
TOL Toll Brothers Inc. 0.03% 1,175 $124K No change
CNQ Canadian Natural Resources 0.02% 4,000 $123K No change
LINE Lineage Inc. 0.02% 2,100 $123K No change
BEPC Brookfield Renewable Corp. 0.02% 4,150 $116K Add +93.0%
GSFTX Columbia Dividend Income-I 0.02% 3,361 $113K Reduce -0.6%
UBER Uber Technologies Inc. 0.02% 1,500 $109K New
LEN Lennar Corp. Class A 0.02% 925 $106K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.02% 1,315 $106K Reduce -1.6%
TRBCX T Rowe PR Blue Chip Grow-Inv 0.02% 614 $104K Reduce -2.1%
TSM Taiwan Semiconductor-SP ADR 0.02% 600 $100K Add +100.0%
PK Park Hotels & Resorts Inc. 0.02% 9,250 $99K No change
CWT California Water Service Grp 0.02% 2,000 $97K New
LW Lamb Weston Holdings Inc. 0.02% 1,800 $96K No change
NKE Nike Inc. Class B 0.02% 1,500 $95K No change
STWD Starwood Property Trust Inc. 0.02% 4,500 $89K Reduce -30.8%
APLE Apple Hospitality REIT Inc. 0.02% 6,860 $89K Reduce -53.8%
DKL Delek Logistics Partners LP 0.02% 2,000 $87K No change
COIN Coinbase Global Inc. Class A 0.02% 450 $78K Add +80.0%
OLP One Liberty Properties Inc. 0.01% 2,500 $66K No change
TTE Totalenergies SE -Spon ADR 0.01% 1,000 $65K No change
LBRT Liberty Energy Inc. 0.01% 4,000 $63K Reduce -42.9%
HIW Highwoods Properties Inc. 0.01% 2,000 $59K New
NLOP Net Lease Office Property 0.01% 1,872 $59K No change
PNW Pinnacle West Capital 0.01% 600 $57K New
VRTX Vertex Pharmaceuticals Inc. 0.01% 100 $48K No change
NUE Nucor Corp. 0.01% 400 $48K New
PSTL Postal Realty Trust Inc. Class A 0.01% 3,000 $43K No change
CHRD Chord Energy Corp. 0.01% 350 $39K No change
AVAV Aerovironment Inc. 0.01% 300 $36K New
NVO Novo-Nordisk A/S-Spons ADR 0.01% 500 $35K New
CRGY Crescent Energy Inc. Class A 0.01% 3,000 $34K No change
INN Summit Hotel Properties Inc. 0.01% 6,000 $32K No change
GTY Getty Realty Corp. 0.01% 1,000 $31K No change
AHR American Healthcare REIT Inc. 0.01% 1,000 $30K New
CAG Conagra Brands Inc. 0.01% 1,100 $29K No change
PLYM Plymouth Industrial REIT Inc. 0.01% 1,500 $24K No change
LXP LXP Industrial Trust 0.00% 2,700 $23K No change
ARM Arm Holdings PLC-ADR 0.00% 200 $21K No change
AZNAX Virtus Income & Growth-A 0.00% 1,688 $18K No change
HPQ HP Inc. 0.00% 500 $14K No change
MRP Millrose Properties 0.00% 463 $12K No change
ESRT Empire State Realty Trust-A 0.00% 1,000 $8K No change
SPSM SS SPDR P S&P 600 Small Cap 0.00% 4 $173 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $44K (not counted above)
SecurityClassShares / PrincipalValueChange
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F 2,500$44KNew

Total filed on the 13F, all lines: $493.9M.

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -7.8% 4.11% −1.42
AAPL Apple Inc. Reduce -2.2% 1.99% −0.30
DIS The Walt Disney Co. Reduce -30.6% 0.29% −0.18
ET Energy Transfer LP Reduce -2.3% 2.11% −0.17
CMG Chipotle Mexican Grill Inc. Reduce -3.1% 0.57% −0.14
PBF PBF Energy Inc. Class A Reduce -10.0% 0.21% −0.11
MRK Merck & Co. Inc. Reduce -21.4% 0.24% −0.10
CAT Caterpillar Inc. Reduce -2.6% 0.74% −0.10
ENLC Enlink Midstream LLC Sold out 0.00% −0.07
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.06
CNX CNX Resources Corp. Reduce -29.3% 0.09% −0.06
HAL Halliburton Co. Reduce -12.8% 0.21% −0.05
BSM Black Stone Minerals LP Reduce -10.6% 0.68% −0.05
SPG Simon Property Group Inc. Reduce -2.9% 0.57% −0.04
SHEL Shell PLC-ADR Sold out 0.00% −0.04
APA Apa Corp. Sold out 0.00% −0.04
UNH Unitedhealth Group Inc. Reduce -20.5% 0.16% −0.04
WMB Williams Cos Inc. Reduce -10.4% 3.08% −0.03
PM Philip Morris International Reduce -34.0% 0.22% −0.03
ADBE Adobe Inc. Reduce -16.0% 0.08% −0.03
APLE Apple Hospitality REIT Inc. Reduce -53.8% 0.02% −0.03
DINO HF Sinclair Corp. Reduce -6.4% 0.19% −0.03
PSA Public Storage Reduce -4.6% 0.51% −0.02
REXR Rexford Industrial Realty Inc. Reduce -22.2% 0.08% −0.02
TXN Texas Instruments Inc. Reduce -2.1% 0.33% −0.02
PLD Prologis Inc. Reduce -7.9% 0.72% −0.02
EOG EOG Resources Inc. Reduce -6.9% 0.70% −0.02
XIFR XPLR Infrastructure LP Sold out 0.00% −0.02
LBRT Liberty Energy Inc. Reduce -42.9% 0.01% −0.02
EXR Extra Space Storage Inc. Reduce -3.1% 0.38% −0.01
ARE Alexandria Real Estate Equit Reduce -10.3% 0.08% −0.01
AES AES Corp. Reduce -10.4% 0.09% −0.01
UGI Ugi Corp. Reduce -28.6% 0.07% −0.01
APGYX AB Large Cap Growth-Adv Reduce -0.5% 0.11% −0.01
IJH iShares Core S&P Midcap ETF Reduce -0.6% 0.10% −0.01
STWD Starwood Property Trust Inc. Reduce -30.8% 0.02% −0.01
JCI Johnson Controls Internation Reduce -5.7% 0.13% −0.01
OXY Occidental Petroleum Corp. Reduce -1.4% 0.36% −0.01
IWL iShares Russell Top 200 ETF Reduce -0.4% 0.09% −0.01
ALARX Alger Capital Appr Inst-I Reduce -0.3% 0.03% −0.00
VOO Vanguard S&P 500 ETF Reduce -1.4% 0.07% −0.00
DK Delek US Holdings Inc. Sold out 0.00% −0.00
SOAEX Spirit of America Energy-A Sold out 0.00% −0.00
PG The Procter & Gamble Co. Reduce -2.8% 0.24% −0.00
TRBCX T Rowe PR Blue Chip Grow-Inv Reduce -2.1% 0.02% −0.00
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.6% 0.02% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.6% 0.14% −0.00
FTC First Trust Large Cap Growth Reduce -0.1% 0.04% −0.00
BMY Bristol-Myers Squibb Co. Reduce -10.0% 0.06% −0.00
CVX Chevron Corp. Reduce -13.5% 2.15% −0.00

Portfolio Buys Q4 2024 → Q1 2025
TPL Texas Pacific Land Corp. Add +45.0% 0.60% +0.26
WELL Welltower Inc. Add +4.7% 1.17% +0.25
TLN Talen Energy Corp. Add +92.9% 0.22% +0.10
CEG Constellation Energy Add +38.2% 0.52% +0.10
ODIYX Invesco Discovery-Y New 0.10% +0.10
ETR Entergy Corp. Add +14.8% 0.40% +0.09
VST Vistra Corp. Add +38.4% 0.55% +0.08
ESS Essex Property Trust Inc. Add +11.1% 0.50% +0.08
NFLX Netflix Inc. Add +30.4% 0.28% +0.08
GEV GE Vernova Inc. New 0.07% +0.07
META Meta Platforms Inc. Class A Add +65.0% 0.19% +0.07
OKLO Oklo Inc. Add +1650.0% 0.08% +0.07
PLTR Palantir Technologies Inc. Class A New 0.06% +0.06
WEC WEC Energy Group Inc. Add +1.4% 0.39% +0.06
AVB Avalonbay Communities Inc. Add +11.2% 0.73% +0.06
DUK Duke Energy Corp. Add +3.0% 0.39% +0.05
LLY Eli Lilly & Co. Add +3.0% 0.58% +0.05
PPL PPL Corp. Add +2.5% 0.40% +0.05
DTE DTE Energy Company Add +4.0% 0.29% +0.05
CRWD CrowdStrike Holdings Inc. Class A Add +18.8% 0.24% +0.04
ES Eversource Energy Add +13.3% 0.23% +0.04
MAA Mid-America Apartment Comm Add +8.0% 0.28% +0.04
D Dominion Energy Inc. Add +16.3% 0.22% +0.04
XEL Xcel Energy Inc. Add +19.3% 0.19% +0.04
CDP Copt Defense Properties Add +140.0% 0.07% +0.03
EXC Exelon Corp. Add +2.8% 0.17% +0.03
KKR KKR & Co. Inc. Add +183.3% 0.06% +0.03
NEE Nextera Energy Inc. Add +5.7% 0.72% +0.03
WTRG Essential Utilities Inc. Add +9.8% 0.19% +0.03
CMS CMS Energy Corp. Add +3.8% 0.21% +0.03
NRG NRG Energy Inc. Add +65.9% 0.07% +0.03
PEG Public Service Enterprise GP Add +19.4% 0.22% +0.03
NWE Northwestern Energy Group Inc. Add +126.3% 0.05% +0.03
VTR Ventas Inc. Add +4.4% 0.17% +0.03
AEE Ameren Corporation Add +5.2% 0.19% +0.03
NI Nisource Inc. Add +6.7% 0.21% +0.03
ATO Atmos Energy Corp. Add +10.1% 0.15% +0.03
FE Firstenergy Corp. Add +14.0% 0.20% +0.03
C Citigroup Inc. Add +8.8% 0.29% +0.03
CWEN Clearway Energy Inc. Class C Add +15.9% 0.09% +0.02
UBER Uber Technologies Inc. New 0.02% +0.02
IDA Idacorp Inc. Add +65.4% 0.05% +0.02
UDR Udr Inc. Add +1.1% 0.42% +0.02
OKE Oneok Inc. Add +2.1% 2.22% +0.02
POR Portland General Electric Co. Add +17.9% 0.12% +0.02
TRP TC Energy Corp. Add +1.3% 0.74% +0.02
EVRG Evergy Inc. Add +6.8% 0.12% +0.02
SO The Southern Co. Add +9.3% 0.11% +0.02
CWT California Water Service Grp New 0.02% +0.02
CPT Camden Property Trust Add +2.0% 0.25% +0.02

Notes & Other Activity Q4 2024 → Q1 2025
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F New 2,500 $44K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 308$530.5MNVDA, GOOGL, CAT, VLO, WMB
Q1 2026 305$506.6MNVDA, GOOGL, VLO, WMB, MPC
Q4 2025 307$471.5MNVDA, GOOGL, AAPL, MSFT, WMB
Q3 2025 307$498.5MNVDA, GOOGL, WMB, MSFT, AAPL
Q2 2025 313$479.5MNVDA, WMB, MSFT, LNG, TRGP
Q1 2025 314$493.8MNVDA, WMB, TRGP, LNG, OKE
Q4 2024 310$493.7MNVDA, WMB, AAPL, ET, TRGP
Q3 2024 311$501.6MNVDA, WMB, XOM, OKE, CVX
Q2 2024 314$492.9MNVDA, WMB, XOM, VLO, PSX
Q1 2024 286$496.3MNVDA, PSX, MPC, VLO, WMB