Westwood Holdings Group Inc.

Name: WESTWOOD HOLDINGS GROUP INC 13F holdings, Q1 2024
Creator: WESTWOOD HOLDINGS GROUP INC
Published: 2024-06-06

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed June 6, 2024), Westwood Holdings Group Inc. reported 414 stock positions worth $12.6 billion. Its top holding was Energy Transfer (ET) at 2.0% of the portfolio, followed by Microsoft (MSFT, 1.8%) and JPMorgan Chase (JPM, 1.5%). Compared with Q4 2023, it opened 42 new positions, sold out of 44, added to 174 and reduced 148. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +348%) and the biggest sale Public Storage (PSA, shares −77%).

Most Recent 13F: Q2 2026
Location: DALLAS, TX
CIK: 0001165002
Portfolio Value: $12.6B (Q1 2024)
SEC Filing: 0001165002-24-000056 ↗ filed Jun 6, 2024

Holdings Value

Holdings 414 stocks · $12.6B


ET Energy Transfer LP	1.99%	15,935,750	$250.7M	Reduce -5.1%
MSFT Microsoft Corp.	1.81%	540,969	$227.6M	Reduce -11.8%
JPM JPMorgan Chase & Co.	1.46%	915,363	$183.3M	Reduce -4.5%
LNG Cheniere Energy Inc.	1.39%	1,083,819	$174.8M	Add +18.0%
OKE Oneok Inc.	1.34%	2,101,744	$168.5M	Add +1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.24%	4,128,597	$156.6M	Reduce -9.7%
WMB Williams Cos Inc.	1.21%	3,900,874	$152.0M	Reduce -7.5%
JNJ Johnson & Johnson	1.19%	944,983	$149.5M	Reduce -0.4%
RSP Invesco S&P 500 Equal Weight	1.17%	871,278	$147.6M	Add +347.9%
EPD Enterprise Products Partners	1.15%	4,956,244	$144.6M	Add +5.8%
ABT Abbott Laboratories	1.09%	1,212,815	$137.8M	Reduce -8.8%
HON Honeywell International Inc.	1.09%	668,829	$137.3M	Reduce -2.4%
TRGP Targa Resources Corp.	1.09%	1,220,775	$136.7M	Reduce -31.1%
GS Goldman Sachs Group Inc.	1.05%	317,395	$132.6M	Reduce -7.1%
AAPL Apple Inc.	1.04%	761,774	$130.6M	Add +2.4%
UNH Unitedhealth Group Inc.	0.89%	226,326	$112.0M	Add +8.2%
AIG American International Group	0.86%	1,391,048	$108.7M	Add +1.1%
BDX Becton Dickinson and Co.	0.86%	438,846	$108.6M	Add +0.4%
WEC WEC Energy Group Inc.	0.86%	1,320,723	$108.5M	Add +9.2%
SCHW Schwab (charles) Corp.	0.86%	1,498,929	$108.4M	Add +231.2%
CVX Chevron Corp.	0.85%	679,554	$107.2M	Reduce -4.8%
DPZ Domino's Pizza Inc.	0.84%	214,098	$106.4M	Reduce -9.3%
HD Home Depot Inc.	0.83%	271,020	$104.0M	Reduce -11.9%
UNP Union Pacific Corp.	0.82%	417,491	$102.7M	Reduce -1.8%
HUBB Hubbell Inc.	0.81%	245,732	$102.0M	Reduce -14.7%
EOG EOG Resources Inc.	0.79%	778,965	$99.6M	Reduce -17.5%
FDX FedEx Corp.	0.78%	338,408	$98.0M	Reduce -3.8%
VEA Vanguard Ftse Developed ETF	0.78%	1,948,684	$97.8M	Add +0.5%
PAGP Plains GP Holdings LP	0.77%	5,280,460	$96.4M	Add +13.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.76%	3,195,133	$95.2M	Add +28.1%
KNTK Kinetik Holdings Inc.	0.74%	2,348,540	$93.6M	Add +148.3%
AUB Atlantic Union Bankshares Co.	0.74%	2,627,756	$92.8M	Add +19.0%
WFC Wells Fargo & Co.	0.74%	1,597,527	$92.6M	Reduce -9.1%
WMT Walmart Inc.	0.73%	1,531,461	$92.1M	Reduce -10.4%
CDP Copt Defense Properties	0.71%	3,725,470	$90.0M	Add +12.1%
ORLY O'reilly Automotive Inc.	0.69%	77,095	$87.0M	Add +52.0%
MOG.A Moog Inc. Class A	0.68%	539,580	$86.1M	Add +0.6%
GOOGL Alphabet Inc. Class A	0.68%	567,782	$85.7M	Reduce -6.7%
PIPR Piper Sandler Cos	0.68%	429,705	$85.3M	Reduce -7.7%
NOG Northern Oil and Gas Inc.	0.68%	2,145,762	$85.1M	Add +0.6%
XOM Exxon Mobil Corp.	0.67%	726,637	$84.5M	Add +4.4%
ASO Academy Sports & Outdoors Inc.	0.67%	1,241,093	$83.8M	Add +0.9%
BLBD Blue Bird Corp.	0.67%	2,186,163	$83.8M	New
BCC Boise Cascade Co.	0.66%	538,155	$82.5M	Reduce -11.2%
CACI Caci International Inc. Class A	0.65%	217,259	$82.3M	Reduce -20.3%
MPLX MPLX LP	0.65%	1,974,152	$82.0M	Add +10.1%
DHR Danaher Corp.	0.65%	328,019	$81.9M	Reduce -6.7%
DTE DTE Energy Company	0.65%	728,032	$81.6M	Add +2.6%
MCHP Microchip Technology Inc.	0.64%	899,021	$80.7M	Reduce -1.6%
NEE Nextera Energy Inc.	0.64%	1,254,734	$80.2M	Add +9.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.64%	320,190	$80.1M	Reduce -4.5%
SBCF Seacoast Banking Corp.	0.63%	3,121,900	$79.3M	Add +15.3%
BWIN Baldwin Insurance Group Inc./ filed as BRP GROUP INC	0.63%	2,735,450	$79.2M	Reduce -9.3%
UE Urban Edge Properties	0.63%	4,572,054	$79.0M	Add +12.7%
CRM Salesforce Inc.	0.63%	262,034	$78.9M	Reduce -12.9%
VRRM Verra Mobility Corp.	0.63%	3,159,031	$78.9M	New
PBA Pembina Pipeline Corp.	0.62%	2,225,916	$78.7M	Reduce -5.7%
JJSF J & J Snack Foods Corp.	0.62%	542,945	$78.5M	Add +22.4%
SM SM Energy Co.	0.61%	1,552,004	$77.4M	Add +20.0%
CCS Century Communities Inc.	0.61%	793,887	$76.6M	Add +106.3%
PEP Pepsico Inc.	0.61%	435,813	$76.3M	Add +0.6%
LFUS Littelfuse Inc.	0.60%	313,927	$76.1M	Add +223.8%
CVS CVS Health Corp.	0.60%	953,357	$76.0M	Reduce -0.3%
PCH Potlatchdeltic Corp.	0.60%	1,606,131	$75.5M	Add +10.3%
BRK.B Berkshire Hathaway Inc. Class B	0.60%	178,845	$75.2M	Reduce -7.3%
ACN Accenture PLC Class A	0.59%	215,337	$74.6M	Reduce -8.8%
DG Dollar General Corp.	0.59%	477,421	$74.5M	Add +3.2%
V Visa Inc. Class A	0.58%	263,802	$73.6M	Reduce -12.7%
DRI Darden Restaurants Inc.	0.58%	436,139	$72.9M	New
HSY The Hershey Co.	0.56%	365,762	$71.1M	Add +1.4%
VTWG Vanguard Russell 2000 Growth	0.55%	350,763	$69.1M	Add +3.6%
GMS GMS Inc.	0.55%	705,703	$68.7M	New
STR Sitio Royalties Corp. Class A	0.54%	2,730,577	$67.5M	Reduce -1.5%
RNST Renasant Corp.	0.53%	2,151,074	$67.4M	Add +13.0%
ALG Alamo Group Inc.	0.53%	294,386	$67.2M	Reduce -8.9%
CNMD Conmed Corp.	0.53%	838,989	$67.2M	Add +47.5%
ETRN Equitrans Midstream Corp.	0.53%	5,359,252	$66.9M	Reduce -5.2%
NWE Northwestern Energy Group Inc.	0.53%	1,312,495	$66.8M	Reduce -4.8%
AVA Avista Corp.	0.53%	1,904,651	$66.7M	Add +10.1%
MMSI Merit Medical Systems Inc.	0.53%	880,327	$66.7M	Add +17.6%
PLYM Plymouth Industrial REIT Inc.	0.52%	2,935,803	$66.1M	Add +10.8%
FBNC First Bancorp	0.52%	1,828,306	$66.0M	Add +0.4%
TRIUMPH FINANCIAL INC	0.52%	831,100	$65.9M	Reduce -1.3%
KMI Kinder Morgan Inc.	0.52%	3,591,711	$65.9M	Reduce -12.9%
PBH Prestige Consumer Healthcare	0.52%	907,255	$65.8M	Reduce -19.4%
PDCO Patterson Cos Inc.	0.52%	2,370,075	$65.5M	Add +3.6%
ENB Enbridge Inc.	0.52%	1,795,179	$65.0M	Add +10.3%
AIN Albany Intl Corp. Class A	0.51%	688,522	$64.4M	Add +2.7%
WES Western Midstream Partners L	0.51%	1,809,814	$64.3M	Add +1.4%
LZ Legalzoomcom Inc.	0.51%	4,818,703	$64.3M	Add +62.0%
FCPT Four Corners Property Trust	0.51%	2,619,070	$64.1M	Add +3.7%
CHCO City Holding Co. filed as CITY HLDG CO	0.51%	614,511	$64.0M	Add +5.5%
PLD Prologis Inc.	0.51%	490,392	$63.9M	Reduce -1.7%
MC Moelis & Co. Class A	0.50%	1,109,652	$63.0M	Reduce -1.1%
PZZA Papa John's Intl Inc.	0.50%	944,109	$62.9M	Add +2.3%
SCL Stepan Co.	0.50%	694,196	$62.5M	Add +0.6%
CHD Church & Dwight Co. Inc.	0.49%	597,160	$62.3M	Reduce -2.3%
CSTM Constellium SE	0.49%	2,796,868	$61.8M	Add +12970.1%
ARCB Arcbest Corp.	0.49%	433,295	$61.7M	Reduce -13.2%
VIAV Viavi Solutions Inc.	0.48%	6,597,181	$60.0M	Add +0.4%
MSI Motorola Solutions Inc.	0.46%	163,694	$58.1M	Reduce -45.1%
ECVT Ecovyst Inc.	0.44%	5,026,022	$56.0M	Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.43%	104,237	$54.5M	Add +548.2%
BOOT Boot Barn Holdings Inc.	0.41%	545,644	$51.9M	Add +29.4%
COP Conocophillips	0.41%	406,410	$51.7M	Reduce -36.7%
CFR Cullen/Frost Bankers Inc.	0.39%	432,866	$48.7M	Add +16.4%
CCOI Cogent Communications Holdin	0.38%	738,664	$48.3M	Add +16.6%
AMZN Amazon.com Inc.	0.37%	257,214	$46.4M	Add +9.9%
KTOS Kratos Defense & Security	0.37%	2,512,372	$46.2M	New
MRCY Mercury Systems Inc.	0.36%	1,554,166	$45.8M	Add +14.7%
AZZ Azz Inc.	0.36%	579,595	$44.8M	Reduce -3.9%
GEL Genesis Energy L.P.	0.36%	4,025,311	$44.8M	Reduce -3.9%
AM Antero Midstream Corp.	0.35%	3,174,399	$44.6M	Add +46.6%
AVNS Avanos Medical Inc.	0.33%	2,114,532	$42.1M	Reduce -1.7%
PGR Progressive Corp.	0.33%	201,208	$41.6M	Reduce -30.8%
WFRD Weatherford International PL	0.33%	359,569	$41.5M	Add +5525.3%
ETN Eaton Corp. PLC	0.32%	127,120	$39.7M	Reduce -15.4%
VLO Valero Energy Corp.	0.31%	231,516	$39.5M	New
GD General Dynamics Corp.	0.31%	139,778	$39.5M	Add +32.6%
TSM Taiwan Semiconductor-SP ADR	0.31%	289,178	$39.3M	Reduce -0.5%
CMG Chipotle Mexican Grill Inc.	0.31%	13,490	$39.2M	Add +1.1%
ERF Enerplus Corp.	0.29%	1,856,503	$36.5M	Reduce -55.6%
WM Waste Management Inc.	0.29%	170,216	$36.3M	Reduce -13.1%
SAH Sonic Automotive Inc. Class A	0.28%	630,450	$35.9M	Add +12.6%
BIL SS SPDR BB 1-3M T-Bill ETF	0.28%	389,561	$35.8M	Reduce -31.0%
AMKR Amkor Technology Inc.	0.28%	1,103,618	$35.6M	Add +2.4%
IOSP Innospec Inc.	0.28%	271,237	$35.0M	Reduce -0.3%
BANR Banner Corporation	0.27%	717,058	$34.4M	Add +3.7%
VBTX Veritex Holdings Inc.	0.27%	1,668,743	$34.2M	Add +16.4%
NBHC National Bank Hold Class A	0.27%	935,119	$33.7M	Add +2.1%
GILD Gilead Sciences Inc.	0.27%	456,712	$33.5M	Reduce -64.6%
NAPA The Duckhorn Portfolio Inc.	0.26%	3,523,191	$32.8M	Add +4.6%
PAA Plains All Amer Pipeline LP	0.26%	1,845,606	$32.4M	Reduce -4.0%
GOOG Alphabet Inc. Class C	0.26%	212,491	$32.4M	Add +7.0%
CENTA Central Garden and Pet Co. Class A	0.26%	873,301	$32.2M	Add +9.2%
DTM DT Midstream Inc.	0.26%	525,625	$32.1M	Reduce -1.1%
CHUY Chuy's Holdings Inc.	0.25%	948,060	$32.0M	Add +10.7%
HWKN Hawkins Inc.	0.25%	410,213	$31.5M	New
SFNC Simmons First Natl Corp. Class A	0.25%	1,618,429	$31.5M	New
AMSF Amerisafe Inc.	0.25%	618,368	$31.0M	Reduce -8.8%
HESM Hess Midstream LP Class A	0.24%	853,682	$30.8M	Add +26.0%
SHO Sunstone Hotel Investors Inc.	0.24%	2,767,067	$30.8M	Reduce -5.2%
ENLC Enlink Midstream LLC	0.24%	2,245,529	$30.6M	Add +22.8%
TLT iShares 20+ Year Treasury BD	0.22%	295,985	$28.0M	Add +6.2%
ZTS Zoetis Inc.	0.22%	163,965	$27.7M	Add +4.1%
NVDA Nvidia Corp.	0.22%	30,467	$27.5M	Reduce -48.5%
LOW Lowe's Cos Inc.	0.22%	107,701	$27.4M	Reduce -0.1%
RMBS Rambus Inc.	0.22%	439,481	$27.2M	Add +99.7%
COLD Americold Realty Trust Inc.	0.21%	1,085,581	$27.1M	Add +24.0%
MLM Martin Marietta Materials	0.21%	42,296	$26.0M	Reduce -0.7%
LNT Alliant Energy Corp.	0.20%	509,872	$25.7M	Add +20.4%
DE Deere & Co.	0.20%	60,928	$25.0M	Add +2.6%
AMGN Amgen Inc.	0.20%	86,987	$24.7M	Add +8.5%
CCI Crown Castle Inc.	0.19%	231,586	$24.5M	Reduce -1.1%
CHRD Chord Energy Corp.	0.19%	137,411	$24.5M	Add +28.0%
IDA Idacorp Inc.	0.19%	256,446	$23.8M	Add +25.1%
CRWD CrowdStrike Holdings Inc. Class A	0.19%	74,196	$23.8M	Reduce -2.3%
TXN Texas Instruments Inc.	0.18%	133,312	$23.2M	Reduce -6.6%
SUM Summit Materials Inc. Class A	0.18%	516,900	$23.0M	Reduce -60.1%
FCX Freeport-McMoran Inc.	0.18%	482,910	$22.7M	Reduce -42.8%
AGCO Agco Corp.	0.18%	180,463	$22.2M	Add +18.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.17%	113,836	$21.7M	Reduce -1.3%
PSA Public Storage	0.17%	74,383	$21.6M	Reduce -76.7%
WAL Western Alliance Bancorp	0.17%	333,204	$21.4M	Add +51.8%
J Jacobs Solutions Inc.	0.17%	138,051	$21.2M	Add +7306.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.17%	208,388	$21.1M	Add +58.3%
DBRG Digitalbridge Group Inc.	0.16%	1,059,783	$20.4M	Add +12.7%
THR Thermon Group Holdings Inc.	0.16%	623,918	$20.4M	New
SBUX Starbucks Corp.	0.16%	222,692	$20.4M	Reduce -27.0%
TKR Timken Co.	0.16%	231,022	$20.2M	Add +19.2%
GBCI Glacier Bancorp Inc.	0.16%	485,574	$19.6M	Add +34.6%
WTFC Wintrust Financial Corp.	0.15%	186,225	$19.4M	Add +17.4%
ASML ASML Holding NV-NY Reg SHS	0.15%	19,591	$19.0M	Add +0.0%
TMUS T-Mobile US Inc.	0.15%	115,973	$18.9M	Reduce -10.3%
ITGR Integer Holdings Corp.	0.15%	161,879	$18.9M	Add +30.6%
AXTA Axalta Coating Systems Ltd.	0.15%	545,089	$18.7M	Add +1424.5%
COO The Cooper Cos Inc.	0.15%	184,012	$18.7M	Add +44.3%
AVTR Avantor Inc.	0.15%	723,084	$18.5M	Add +10.5%
OWL Blue Owl Capital Inc.	0.15%	978,499	$18.5M	Add +1.1%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.15%	337,282	$18.3M	Reduce -1.4%
CCK Crown Holdings Inc.	0.14%	230,228	$18.2M	Add +293.0%
TPR Tapestry Inc.	0.14%	382,969	$18.2M	New
XPO Xpo Inc.	0.14%	148,004	$18.1M	Reduce -15.3%
REXR Rexford Industrial Realty Inc.	0.14%	343,857	$17.3M	Add +32.0%
LAD Lithia Motors Inc.	0.14%	57,279	$17.2M	Add +26.6%
HXL Hexcel Corp.	0.14%	234,556	$17.1M	Add +23.3%
IWD iShares Russell 1000 Value E	0.13%	90,716	$16.2M	Reduce -5.9%
LPX Louisiana-Pacific Corp.	0.12%	186,503	$15.6M	New
TOL Toll Brothers Inc.	0.12%	119,407	$15.4M	Reduce -0.1%
MIDD Middleby Corp.	0.11%	86,367	$13.9M	New
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L	0.11%	1,018,548	$13.8M	Reduce -1.3%
QYLD Global X Nasd 100 Cov Call	0.10%	725,272	$13.0M	Reduce -1.5%
TFX Teleflex Inc.	0.10%	57,225	$12.9M	Add +25.3%
RNR Renaissancere Holdings Ltd.	0.10%	54,866	$12.9M	Add +4.2%
DFS Discover Financial Services	0.10%	96,766	$12.7M	New
DKL Delek Logistics Partners LP	0.10%	308,754	$12.7M	New
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.10%	230,376	$12.6M	Reduce -0.4%
CMS CMS Energy Corp.	0.10%	202,319	$12.2M	Add +17.7%
REGN Regeneron Pharmaceuticals	0.10%	12,503	$12.0M	Reduce -2.1%
MDT Medtronic PLC	0.09%	134,788	$11.7M	Reduce -1.4%
IVV iShares Core S&P 500 ETF	0.09%	22,177	$11.7M	Reduce -3.5%
COST Costco Wholesale Corp.	0.09%	15,730	$11.5M	Add +0.2%
WIRE Encore Wire Corp.	0.09%	42,597	$11.2M	Reduce -88.8%
BMY Bristol-Myers Squibb Co.	0.09%	204,033	$11.1M	Reduce -44.3%
VUG Vanguard Mrngstar GR ETF-Sui	0.09%	31,683	$10.9M	Add +8.8%
AVGO Broadcom Inc.	0.09%	8,178	$10.8M	Reduce -15.4%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.08%	129,997	$9.8M	Add +19.4%
FRT Federal Realty Invs Trust	0.08%	95,735	$9.8M	Add +19.1%
NNN NNN REIT Inc.	0.08%	227,267	$9.7M	Add +0.1%
TXRH Texas Roadhouse Inc.	0.08%	62,450	$9.6M	Reduce -49.6%
EXP Eagle Materials Inc.	0.08%	35,188	$9.6M	Reduce -5.7%
CSCO Cisco Systems Inc.	0.07%	187,819	$9.4M	Reduce -3.1%
CTVA Corteva Inc.	0.07%	160,761	$9.3M	Add +1.1%
VTR Ventas Inc.	0.07%	209,644	$9.1M	Reduce -80.5%
DOX Amdocs Ltd.	0.07%	98,025	$8.9M	Add +24.3%
VRT Vertiv Holdings Co. Class A	0.07%	108,373	$8.9M	Reduce -27.0%
MPWR Monolithic Power Systems Inc.	0.07%	12,802	$8.7M	Reduce -0.5%
MU Micron Technology Inc.	0.07%	72,597	$8.6M	New
OUT Outfront Media Inc.	0.07%	500,000	$8.4M	Reduce -28.5%
MKC McCormick & Co.-Non VTG SHRS	0.07%	107,769	$8.3M	Add +21.5%
TRP TC Energy Corp.	0.06%	203,389	$8.2M	Add +129.0%
NEM Newmont Corp.	0.06%	227,321	$8.1M	Add +0.0%
CDNS Cadence Design SYS Inc.	0.06%	25,786	$8.0M	Reduce -0.9%
LSCC Lattice Semiconductor Corp.	0.06%	99,360	$7.8M	Reduce -9.0%
SHW The Sherwin-Williams Co.	0.06%	22,268	$7.7M	No change
TSCO Tractor Supply Company	0.06%	28,837	$7.5M	No change
GLPI Gaming and Leisure Propertie	0.06%	163,400	$7.5M	No change
PREMIER INC-CLASS A	0.06%	339,808	$7.5M	Add +6.4%
ICE Intercontinental Exchange Inc.	0.06%	53,602	$7.4M	Reduce -14.1%
QQQ Invesco QQQ Trust Series 1	0.06%	16,155	$7.2M	Add +14.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.06%	56,816	$7.2M	Add +25.7%
MRVL Marvell Technology Inc.	0.06%	98,549	$7.0M	New
WCN Waste Connections Inc.	0.05%	39,902	$6.9M	Reduce -0.0%
RVTY Revvity Inc.	0.05%	65,307	$6.9M	No change
HES Hess Corp.	0.05%	44,418	$6.8M	Reduce -30.1%
DLR Digital Realty Trust Inc.	0.05%	45,750	$6.6M	Reduce -11.8%
HCA HCA Healthcare Inc.	0.05%	19,375	$6.5M	Add +0.1%
SNPS Synopsys Inc.	0.05%	11,229	$6.4M	No change
TYL Tyler Technologies Inc.	0.05%	14,719	$6.3M	No change
VONV Vanguard Russell 1000 Value	0.05%	78,822	$6.2M	Reduce -6.5%
IUSG iShares Core S&P U.S. Growth	0.05%	52,539	$6.2M	Reduce -0.6%
MRO Marathon Oil Corp.	0.05%	209,052	$5.9M	No change
ITOT iShares Core S&P Total U.S.	0.05%	50,976	$5.9M	No change
O Realty Income Corp.	0.05%	106,102	$5.7M	Add +1798.8%
AVB Avalonbay Communities Inc.	0.04%	30,000	$5.6M	New
STE Steris PLC	0.04%	23,046	$5.2M	No change
CSR Centerspace	0.04%	90,000	$5.1M	No change
BKNG Booking Holdings Inc.	0.04%	1,387	$5.0M	Reduce -86.5%
PECO Phillips Edison & Company Inc.	0.04%	139,500	$5.0M	Reduce -10.6%
ULTA Ulta Beauty Inc.	0.04%	9,261	$4.8M	Add +0.1%
KO The Coca-Cola Co.	0.04%	77,199	$4.7M	Reduce -7.4%
LHX L3HARRIS Technologies Inc.	0.03%	20,369	$4.3M	Add +5.4%
IJH iShares Core S&P Midcap ETF	0.03%	68,270	$4.1M	Add +1.2%
CB Chubb Ltd.	0.03%	15,118	$3.9M	Reduce -9.4%
EE Excelerate Energy Inc. Class A	0.03%	240,915	$3.9M	Reduce -1.0%
BRK.A Berkshire Hathaway Inc. Class A	0.03%	6	$3.8M	No change
ADBE Adobe Inc.	0.03%	7,339	$3.7M	Add +117.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.03%	33,927	$3.7M	Add +8.7%
WGHTQ WW International Inc. filed as WW INTL INC	0.03%	1,970,965	$3.6M	Add +44.0%
PWR Quanta Services Inc.	0.03%	13,671	$3.6M	New
NOVAQ Sunnova Energy International	0.03%	574,127	$3.5M	Add +3168.8%
VZ Verizon Communications Inc.	0.03%	81,441	$3.4M	Add +88.5%
FANG Diamondback Energy Inc.	0.03%	16,218	$3.2M	Reduce -91.0%
VEU Vanguard Ftse All-World Ex-U	0.02%	52,349	$3.1M	New
ARLO Arlo Technologies Inc.	0.02%	241,513	$3.1M	Add +11.3%
RIVN Rivian Automotive Inc. Class A	0.02%	273,801	$3.0M	Add +240.3%
LLY Eli Lilly & Co.	0.02%	3,839	$3.0M	Add +5.4%
INTC Intel Corp.	0.02%	66,894	$3.0M	Reduce -10.0%
ACIC American Coastal Insurance C	0.02%	275,734	$2.9M	Reduce -23.6%
ROK Rockwell Automation Inc.	0.02%	10,047	$2.9M	Add +19.9%
MCRI Monarch Casino & Resort Inc.	0.02%	37,638	$2.8M	New
TSLA Tesla Inc.	0.02%	15,799	$2.8M	Add +466.9%
MRK Merck & Co. Inc.	0.02%	19,914	$2.6M	Reduce -0.6%
DELL Dell Technologies -C	0.02%	21,920	$2.5M	Reduce -16.0%
GE General Electric	0.02%	14,076	$2.5M	No change
DVN Devon Energy Corp.	0.02%	48,637	$2.4M	Add +27.7%
BSV Vanguard Short-Term Bond ETF	0.02%	31,410	$2.4M	Add +70.6%
T AT&T Inc.	0.02%	123,987	$2.2M	Add +493.7%
NEXT Nextdecade Corp.	0.02%	383,070	$2.2M	Reduce -7.7%
NFLX Netflix Inc.	0.02%	3,570	$2.2M	Add +24.8%
CAT Caterpillar Inc.	0.02%	5,843	$2.1M	Reduce -21.5%
PANW Palo Alto Networks Inc.	0.02%	7,468	$2.1M	Add +11.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	0.02%	27,143	$2.1M	Add +51.0%
WRK Westrock Co.	0.02%	42,372	$2.1M	Reduce -91.0%
ABBV Abbvie Inc.	0.02%	11,250	$2.0M	Add +9.3%
EMR Emerson Electric Co.	0.02%	17,534	$2.0M	No change
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP	0.02%	65,269	$2.0M	Reduce -80.6%
MCD McDonald's Corp.	0.02%	6,933	$2.0M	Add +7.1%
KR Kroger Co.	0.02%	33,325	$1.9M	No change
FLNC Fluence Energy Inc.	0.01%	108,083	$1.9M	Reduce -41.4%
CLX Clorox Company	0.01%	11,905	$1.8M	No change
VXUS Vanguard Total Intl Stock	0.01%	29,663	$1.8M	No change
AVNT Avient Corp.	0.01%	40,015	$1.7M	No change
INN Summit Hotel Properties Inc.	0.01%	261,884	$1.7M	No change
PFS Provident Financial Services	0.01%	116,243	$1.7M	Reduce -93.8%
THRM Gentherm Inc.	0.01%	28,681	$1.7M	Reduce -23.4%
SEDG Solaredge Technologies Inc.	0.01%	23,120	$1.6M	Reduce -68.2%
AMD Advanced Micro Devices	0.01%	8,949	$1.6M	Reduce -62.6%
AGG iShares Core U.S. Aggregate	0.01%	15,956	$1.6M	Reduce -18.5%
YOU Clear Secure Inc. Class A	0.01%	68,687	$1.5M	Reduce -16.4%
BIV Vanguard Intermediate-Term B	0.01%	18,772	$1.4M	Add +4.5%
CABA Cabaletta Bio Inc.	0.01%	82,228	$1.4M	New
DKS Dick's Sporting Goods Inc.	0.01%	6,063	$1.4M	Add +12.6%
NS Nustar Energy LP	0.01%	57,740	$1.3M	Reduce -43.2%
WSM Williams-Sonoma Inc.	0.01%	4,211	$1.3M	New
CRBU Caribou Biosciences Inc.	0.01%	251,467	$1.3M	Reduce -9.3%
SPTM SS SPDR P S&P 1500 Comp ETF	0.01%	19,863	$1.3M	New
ALTM Arcadium Lithium PLC	0.01%	288,239	$1.2M	New
IWF iShares Russell 1000 Growth	0.01%	3,574	$1.2M	Add +3.2%
IWM iShares Russell 2000 ETF	0.01%	5,637	$1.2M	Reduce -10.0%
MP MP Materials Corp.	0.01%	81,621	$1.2M	Add +65.7%
WDAY Workday Inc. Class A	0.01%	4,263	$1.2M	Add +1.9%
PG The Procter & Gamble Co.	0.01%	7,158	$1.2M	Add +6.6%
DOW Dow Inc.	0.01%	19,873	$1.2M	New
IEMG iShares Core MSCI Emerging	0.01%	21,987	$1.1M	Reduce -6.8%
IJR iShares Core S&P Small-Cap E	0.01%	10,116	$1.1M	Add +24.5%
PRME Prime Medicine Inc.	0.01%	159,351	$1.1M	New
ARM Arm Holdings PLC-ADR	0.01%	8,232	$1.0M	Reduce -74.3%
CRSP Crispr Therapeutics AG	0.01%	14,859	$1.0M	Reduce -67.2%
MAR Marriott International Class A	0.01%	3,765	$950K	New
TXG 10X Genomics Inc. Class A	0.01%	25,024	$939K	New
TCBI Texas Capital Bancshares Inc.	0.01%	15,172	$934K	Reduce -48.9%
EFA iShares MSCI Eafe ETF	0.01%	10,805	$863K	Add +1.1%
MBB iShares MBS ETF	0.01%	8,995	$831K	Add +38.0%
CME Cme Group Inc.	0.01%	3,839	$826K	Reduce -5.6%
LEN Lennar Corp. Class A	0.01%	4,788	$823K	Reduce -29.6%
BX Blackstone Inc.	0.01%	6,170	$811K	Reduce -89.4%
AMLP Alerian MLP ETF	0.01%	16,844	$799K	Add +32.5%
MEOH Methanex Corp.	0.01%	17,115	$764K	No change
UBER Uber Technologies Inc.	0.01%	9,836	$757K	New
EQIX Equinix Inc.	0.01%	903	$745K	Add +0.1%
TMO Thermo Fisher Scientific Inc.	0.01%	1,233	$717K	Add +54.9%
VWO Vanguard Ftse Emerging Marke	0.01%	17,163	$717K	Reduce -0.7%
BP BP PLC-Spons ADR	0.01%	18,370	$692K	No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.01%	2,870	$688K	No change
HST Host Hotels & Resorts Inc.	0.01%	33,198	$687K	No change
ARE Alexandria Real Estate Equit	0.01%	5,000	$645K	No change
VGT Vanguard Info Tech ETF	0.01%	1,213	$636K	Add +141.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.01%	5,158	$631K	Add +20.7%
APLE Apple Hospitality REIT Inc.	0.01%	38,414	$629K	Add +51.1%
TFC Truist Financial Corp.	0.00%	15,546	$606K	Add +0.0%
MO Altria Group Inc.	0.00%	13,693	$597K	Add +0.0%
F Ford Motor Co. filed as FORD MTR CO DEL	0.00%	43,391	$576K	Reduce -6.2%
SPFI South Plains Financial Inc.	0.00%	21,470	$575K	No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.00%	8,927	$563K	Reduce -91.2%
SMFG Sumitomo Mitsui-Spons ADR	0.00%	47,852	$563K	Add +0.0%
WELL Welltower Inc.	0.00%	6,000	$561K	Reduce -33.3%
QCOM Qualcomm Inc.	0.00%	3,309	$560K	Add +0.3%
VOO Vanguard S&P 500 ETF	0.00%	1,158	$557K	Add +2.0%
KIM Kimco Realty Corp.	0.00%	27,469	$539K	New
CNI Canadian Natl Railway Co.	0.00%	4,058	$534K	Add +0.2%
MA Mastercard Inc. Class A	0.00%	1,094	$527K	Add +56.1%
PROSHARES TR	0.00%	50,000	$524K	New
SHEL Shell PLC-ADR	0.00%	7,788	$522K	Add +0.2%
SPGI S&P Global Inc.	0.00%	1,222	$520K	Add +0.2%
PSEC Prospect Capital Corp.	0.00%	93,246	$515K	No change
PSX Phillips 66	0.00%	3,136	$512K	No change
ORCL Oracle Corp.	0.00%	3,895	$489K	No change
CQP Cheniere Energy Partners LP	0.00%	9,872	$488K	Reduce -53.9%
BLV Vanguard Long-Term Bond ETF	0.00%	6,254	$452K	New
TRI Thomson Reuters Corp.	0.00%	2,889	$450K	No change
IWV iShares Russell 3000 ETF	0.00%	1,483	$445K	Reduce -4.8%
PB Prosperity Bancshares Inc.	0.00%	6,726	$442K	Add +68.2%
SCHD Schwab US DVD Equity ETF	0.00%	5,388	$434K	No change
BOKF Bok Financial Corporation	0.00%	4,639	$427K	Reduce -93.0%
SBOW Silverbow Resources Inc.	0.00%	12,030	$411K	No change
HTH Hilltop Holdings Inc.	0.00%	12,959	$406K	No change
BNDX Vanguard Total Intl Bond ETF	0.00%	8,103	$399K	Add +6.1%
ZBH Zimmer Biomet Holdings Inc.	0.00%	2,754	$363K	Add +1.6%
EG Everest Group Ltd.	0.00%	901	$358K	Reduce -87.0%
WY Weyerhaeuser Co.	0.00%	9,753	$350K	Add +1.7%
VERV Verve Therapeutics Inc.	0.00%	26,097	$347K	No change
SBR Sabine Royalty Trust	0.00%	5,218	$330K	Add +0.7%
XLK SS Technology Select Sector	0.00%	1,578	$329K	No change
EVRG Evergy Inc.	0.00%	6,076	$324K	Add +8.3%
MDLZ Mondelez International Inc. Class A	0.00%	4,587	$321K	New
FNX First Trust Mid Cap Core Alp	0.00%	2,811	$319K	No change
VTI VG Morningstar TS MKT ETF-US	0.00%	1,190	$309K	Reduce -52.2%
PHM Pultegroup Inc.	0.00%	2,528	$305K	Reduce -4.5%
NOC Northrop Grumman Corp.	0.00%	635	$304K	Add +41.7%
LIN Linde PLC	0.00%	649	$301K	Add +0.8%
NUE Nucor Corp.	0.00%	1,500	$297K	No change
IVW iShares S&P 500 Growth ETF	0.00%	3,485	$294K	No change
BN Brookfield Corp.	0.00%	6,921	$290K	No change
PLTR Palantir Technologies Inc. Class A	0.00%	12,596	$290K	Reduce -2.0%
RY Royal Bank of Canada	0.00%	2,875	$290K	No change
CL Colgate-Palmolive Co.	0.00%	3,211	$289K	No change
EPS Wisdomtree US Large Cap Fund	0.00%	5,113	$283K	No change
IJK iShares S&P Mid-Cap 400 Grow	0.00%	2,993	$273K	No change
NOW ServiceNow Inc.	0.00%	356	$271K	New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.00%	3,202	$266K	Add +1.5%
HUDSON PAC PPTYS INC	0.00%	40,000	$258K	New
PYPL PayPal Holdings Inc.	0.00%	3,754	$251K	New
RIOT Riot Platforms Inc.	0.00%	20,237	$248K	No change
SO The Southern Co.	0.00%	3,450	$248K	Reduce -45.0%
CMCSA Comcast Corp. Class A	0.00%	5,584	$242K	Reduce -7.6%
KEX Kirby Corp.	0.00%	2,500	$238K	New
DD Dupont DE Nemours Inc.	0.00%	3,063	$235K	No change
MMM 3M Co.	0.00%	2,215	$235K	No change
MFC Manulife Financial Corp.	0.00%	9,343	$233K	No change
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.00%	2,336	$228K	No change
XLE SS Energy Select Sector	0.00%	2,383	$225K	New
YUM Yum! Brands Inc.	0.00%	1,600	$222K	No change
B Barrick Gold Corp.	0.00%	13,045	$217K	Reduce -26.1%
APH Amphenol Corp. Class A	0.00%	1,861	$215K	Reduce -20.2%
BBWI Bath & Body Works Inc.	0.00%	4,245	$212K	New
IJJ iShares S&P Mid-Cap 400 Valu	0.00%	1,770	$209K	No change
SFBS Servisfirst Bancshares Inc.	0.00%	3,059	$203K	Reduce -36.9%
IAU iShares Gold Trust	0.00%	4,792	$201K	New
BBVA Banco Bilbao Vizcaya-SP ADR	0.00%	12,785	$151K	No change
QS Quantumscape Corp.	0.00%	13,054	$82K	New
NIO Nio Inc. - ADR	0.00%	16,649	$75K	Add +13.9%
LPRO Open Lending Corp.	0.00%	10,000	$63K	No change
BLDP Ballard Power Systems Inc.	0.00%	21,099	$59K	New

Other holdings (46): bonds, preferreds, convertibles and warrants · $155.0M (not counted above)

Security	Class	Shares / Principal	Value	Change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	8,888,000	$10.5M	No change
KIMCO REALTY CORP (KIM 7.25 PERP N)	DP CV CL N 7.25%	180,000	$10.1M	New
RLJ LODGING TRUST (RLJ 1.95 PERP A)	CUM CONV PFD A	375,000	$9.2M	No change
LXP INDUSTRIAL TRUST (LXP 6.5 PERP C)	PFD CONV SER C	190,000	$8.8M	No change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29)	NOTE 3.625% 4/1 · principal	7,115,000	$8.8M	No change
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	8,385,000	$8.0M	No change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	6,617,000	$8.0M	New
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	5,470,000	$7.9M	New
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	280,000	$7.6M	No change
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	100,000	$5.9M	New
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	123,150	$4.8M	No change
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	2,450,000	$4.3M	No change
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	2,000,000	$2.9M	No change
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	1,000,000	$2.9M	No change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	2,500,000	$2.8M	No change
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	2,500,000	$2.7M	No change
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	2,682,000	$2.6M	No change
PENNYMAC CORP (PMT 5.5 11/01/24)	NOTE 5.500%11/0 · principal	2,500,000	$2.5M	No change
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	2,500,000	$2.5M	No change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	2,500,000	$2.5M	New
POST HOLDINGS INC (POST 2.5 08/15/27)	NOTE 2.500% 8/1 · principal	2,000,000	$2.3M	No change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	2,250,000	$2.2M	No change
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	1,500,000	$2.2M	No change
MGP INGREDIENTS INC (MGPI 1.875 11/15/41)	NOTE 1.875%11/1 · principal	2,000,000	$2.2M	No change
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	2,000,000	$2.1M	No change
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26)	NOTE 1.000% 4/1 · principal	2,000,000	$2.1M	No change
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	2,000,000	$2.1M	No change
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	2,000,000	$2.0M	No change
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	2,000,000	$2.0M	New
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	2,000,000	$1.9M	No change
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	2,000,000	$1.9M	No change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	2,000,000	$1.9M	New
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	2,000,000	$1.8M	New
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	2,000,000	$1.8M	No change
RWT HOLDINGS INC (RWT 5.75 10/01/25)	NOTE 5.750%10/0 · principal	1,500,000	$1.5M	New
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	1,500,000	$1.4M	New
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	1,500,000	$1.4M	Reduce -50.0%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	1,000,000	$1.1M	No change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	1,000,000	$1.0M	No change
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27)	NOTE 2.500% 7/1 · principal	1,000,000	$974K	No change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	1,000,000	$941K	Reduce -50.0%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	1,000,000	$863K	Reduce -33.3%
LIVENT CORP (LTHM 4.125 07/15/25)	NOTE 4.125% 7/1 · principal	460,000	$620K	No change
REDWOOD TRUST INC (RWT 5.625 07/15/24)	NOTE 5.625% 7/1 · principal	597,000	$603K	Reduce -71.5%
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	31,000	$588K	No change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	500,000	$420K	No change

Total filed on the 13F, all lines: $12.8B.

Portfolio Sells Q4 2023 → Q1 2024


PSA Public Storage	Reduce -76.7%	0.17%	−0.66
GILD Gilead Sciences Inc.	Reduce -64.6%	0.27%	−0.63
DOOR Masonite International Corp.	Sold out	0.00%	−0.63
WIRE Encore Wire Corp.	Reduce -88.8%	0.09%	−0.61
FSS Federal Signal Corp.	Sold out	0.00%	−0.55
VTR Ventas Inc.	Reduce -80.5%	0.07%	−0.38
MSI Motorola Solutions Inc.	Reduce -45.1%	0.46%	−0.34
DEA Easterly Govt Pptys Inc.	Sold out	0.00%	−0.29
PFS Provident Financial Services	Reduce -93.8%	0.01%	−0.28
BKNG Booking Holdings Inc.	Reduce -86.5%	0.04%	−0.27
FIX Comfort Systems USA Inc.	Sold out	0.00%	−0.27
ERF Enerplus Corp.	Reduce -55.6%	0.29%	−0.26
SUM Summit Materials Inc. Class A	Reduce -60.1%	0.18%	−0.24
TRGP Targa Resources Corp.	Reduce -31.1%	1.09%	−0.23
COP Conocophillips	Reduce -36.7%	0.41%	−0.23
FANG Diamondback Energy Inc.	Reduce -91.0%	0.03%	−0.21
EOG EOG Resources Inc.	Reduce -17.5%	0.79%	−0.18
MSFT Microsoft Corp.	Reduce -11.8%	1.81%	−0.16
PROSHARES SHORT S&P500	Sold out	0.00%	−0.16
BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -31.0%	0.28%	−0.16
ABT Abbott Laboratories	Reduce -8.8%	1.09%	−0.16
WRK Westrock Co.	Reduce -91.0%	0.02%	−0.15
MNRO Monro Inc.	Sold out	0.00%	−0.14
HON Honeywell International Inc.	Reduce -2.4%	1.09%	−0.14
FCX Freeport-McMoran Inc.	Reduce -42.8%	0.18%	−0.13
ACN Accenture PLC Class A	Reduce -8.8%	0.59%	−0.12
CACI Caci International Inc. Class A	Reduce -20.3%	0.65%	−0.10
KMI Kinder Morgan Inc.	Reduce -12.9%	0.52%	−0.10
SBUX Starbucks Corp.	Reduce -27.0%	0.16%	−0.09
V Visa Inc. Class A	Reduce -12.7%	0.58%	−0.09
LMT Lockheed Martin Corp.	Sold out	0.00%	−0.09
HD Home Depot Inc.	Reduce -11.9%	0.83%	−0.09
CWEN Clearway Energy Inc. Class C	Sold out	0.00%	−0.08
JNJ Johnson & Johnson	Reduce -0.4%	1.19%	−0.08
AY Atlantica Sustainable Infras	Sold out	0.00%	−0.08
XOP SS SPDR S&P Og Exp & Prod	Sold out	0.00%	−0.08
AVNS Avanos Medical Inc.	Reduce -1.7%	0.33%	−0.08
PBR Petroleo Brasileiro-Spon ADR	Sold out	0.00%	−0.08
UNP Union Pacific Corp.	Reduce -1.8%	0.82%	−0.08
GS Goldman Sachs Group Inc.	Reduce -7.1%	1.05%	−0.07
BMY Bristol-Myers Squibb Co.	Reduce -44.3%	0.09%	−0.07
XIFR XPLR Infrastructure LP	Reduce -80.6%	0.02%	−0.07
BAC Bank of America Corp.	Reduce -9.7%	1.24%	−0.07
PBA Pembina Pipeline Corp.	Reduce -5.7%	0.62%	−0.07
NWE Northwestern Energy Group Inc.	Reduce -4.8%	0.53%	−0.07
PBH Prestige Consumer Healthcare	Reduce -19.4%	0.52%	−0.07
PGR Progressive Corp.	Reduce -30.8%	0.33%	−0.07
MCHP Microchip Technology Inc.	Reduce -1.6%	0.64%	−0.06
PLD Prologis Inc.	Reduce -1.7%	0.51%	−0.06
GEL Genesis Energy L.P.	Reduce -3.9%	0.36%	−0.06

Portfolio Buys Q4 2023 → Q1 2024


RSP Invesco S&P 500 Equal Weight	Add +347.9%	1.17%	+0.91
BLBD Blue Bird Corp.	New	0.67%	+0.67
VRRM Verra Mobility Corp.	New	0.63%	+0.63
SCHW Schwab (charles) Corp.	Add +231.2%	0.86%	+0.59
DRI Darden Restaurants Inc.	New	0.58%	+0.58
GMS GMS Inc.	New	0.55%	+0.55
CSTM Constellium SE	Add +12970.1%	0.49%	+0.49
KNTK Kinetik Holdings Inc.	Add +148.3%	0.74%	+0.47
LFUS Littelfuse Inc.	Add +223.8%	0.60%	+0.38
SPY SS SPDR S&P 500 ETF Trust-US	Add +548.2%	0.43%	+0.37
KTOS Kratos Defense & Security	New	0.37%	+0.37
WFRD Weatherford International PL	Add +5525.3%	0.33%	+0.32
VLO Valero Energy Corp.	New	0.31%	+0.31
CCS Century Communities Inc.	Add +106.3%	0.61%	+0.31
ORLY O'reilly Automotive Inc.	Add +52.0%	0.69%	+0.28
HWKN Hawkins Inc.	New	0.25%	+0.25
SFNC Simmons First Natl Corp. Class A	New	0.25%	+0.25
LZ Legalzoomcom Inc.	Add +62.0%	0.51%	+0.22
SM SM Energy Co.	Add +20.0%	0.61%	+0.19
J Jacobs Solutions Inc.	Add +7306.2%	0.17%	+0.17
THR Thermon Group Holdings Inc.	New	0.16%	+0.16
TPR Tapestry Inc.	New	0.14%	+0.14
AXTA Axalta Coating Systems Ltd.	Add +1424.5%	0.15%	+0.14
BOOT Boot Barn Holdings Inc.	Add +29.4%	0.41%	+0.14
PAGP Plains GP Holdings LP	Add +13.7%	0.77%	+0.13
LPX Louisiana-Pacific Corp.	New	0.12%	+0.12
AM Antero Midstream Corp.	Add +46.6%	0.35%	+0.12
MIDD Middleby Corp.	New	0.11%	+0.11
DFS Discover Financial Services	New	0.10%	+0.10
DKL Delek Logistics Partners LP	New	0.10%	+0.10
CCK Crown Holdings Inc.	Add +293.0%	0.14%	+0.10
EPD Enterprise Products Partners	Add +5.8%	1.15%	+0.09
OKE Oneok Inc.	Add +1.2%	1.34%	+0.09
MPLX MPLX LP	Add +10.1%	0.65%	+0.09
RMBS Rambus Inc.	Add +99.7%	0.22%	+0.09
GD General Dynamics Corp.	Add +32.6%	0.31%	+0.08
VICI Vici Properties Inc.	Add +28.1%	0.76%	+0.08
XOM Exxon Mobil Corp.	Add +4.4%	0.67%	+0.08
MU Micron Technology Inc.	New	0.07%	+0.07
AIG American International Group	Add +1.1%	0.86%	+0.07
AMZN Amazon.com Inc.	Add +9.9%	0.37%	+0.06
WES Western Midstream Partners L	Add +1.4%	0.51%	+0.06
TJX TJX Companies Inc.	Add +58.3%	0.17%	+0.06
HESM Hess Midstream LP Class A	Add +26.0%	0.24%	+0.06
MRVL Marvell Technology Inc.	New	0.06%	+0.06
DG Dollar General Corp.	Add +3.2%	0.59%	+0.05
ENLC Enlink Midstream LLC	Add +22.8%	0.24%	+0.05
CMG Chipotle Mexican Grill Inc.	Add +1.1%	0.31%	+0.05
LNG Cheniere Energy Inc.	Add +18.0%	1.39%	+0.05
AUB Atlantic Union Bankshares Co.	Add +19.0%	0.74%	+0.05

Notes & Other Activity Q4 2023 → Q1 2024


RPT REALTY (KIM 7.25 PERP D)	7.25 PFD D CONV	Sold out	180,000	$10.3Mbefore exit
KIMCO REALTY CORP (KIM 7.25 PERP N)	DP CV CL N 7.25%	New	180,000	$10.1M
AES CORP/THE (AES 6.875 02/15/24)	UNIT 02/15/2024	Sold out	121,805	$9.3Mbefore exit
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	New	6,617,000	$8.0M
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	New	5,470,000	$7.9M
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	New	100,000	$5.9M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	New	2,500,000	$2.5M
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	New	2,000,000	$2.0M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	New	2,000,000	$1.9M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	New	2,000,000	$1.8M
RWT HOLDINGS INC (RWT 5.75 10/01/25)	NOTE 5.750%10/0 · principal	New	1,500,000	$1.5M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	New	1,500,000	$1.4M
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	Reduce -50.0%	1,500,000	$1.4M
SSR MINING INC (SSRMCN 2.5 04/01/39)	NOTE 2.500% 4/0 · principal	Sold out	1,155,000	$1.1Mbefore exit
CONMED CORP (CNMD 2.625 02/01/24)	NOTE 2.625% 2/0 · principal	Sold out	810,000	$1.0Mbefore exit
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Reduce -50.0%	1,000,000	$941K
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	Reduce -33.3%	1,000,000	$863K
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	Sold out	1,000,000	$679Kbefore exit
REDWOOD TRUST INC (RWT 5.625 07/15/24)	NOTE 5.625% 7/1 · principal	Reduce -71.5%	597,000	$603K

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	617	$13.2B	WMB, VEA, ET, BIL, KMI
Q1 2026	452	$13.7B	WMB, ET, BIL, VEA, KMI
Q4 2025	426	$12.1B	VEA, WMB, KMI, LNG, TRGP
Q3 2025	433	$13.8B	ET, WMB, VEA, KMI, LNG
Q2 2025Amended	419	$13.7B	ET, WMB, VEA, MSFT, KMI
Q1 2025	416	$13.1B	ET, WMB, OKE, TRGP, MSFT
Q4 2024	439	$12.8B	ET, WMB, MSFT, JPM, TRGP
Q3 2024	424	$12.9B	ET, MSFT, WMB, JPM, WES
Q2 2024	412	$12.1B	ET, MSFT, LNG, AAPL, JPM
Q1 2024Amended	414	$12.6B	ET, MSFT, JPM, LNG, OKE