Westwood Holdings Group Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Westwood Holdings Group Inc. reported 452 stock positions worth $13.7 billion. Its top holding was Williams Cos (WMB) at 2.5% of the portfolio, followed by Energy Transfer (ET, 2.4%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 2.4%). Compared with Q4 2025, it opened 62 new positions, sold out of 36, added to 126 and reduced 215. The biggest buy was Energy Transfer (ET, shares +5172%) and the biggest sale Moog Class A (MOG.A, shares −85%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001165002
Portfolio Value
$13.7B (Q1 2026)
SEC Filing
0001165002-26-000038 ↗ filed May 15, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $12.6B Q1 2024 Q2 2024: $12.1B Q2 2024 Q3 2024: $12.9B Q3 2024 Q4 2024: $12.8B Q4 2024 Q1 2025: $13.1B Q1 2025 Q2 2025: $13.7B Q2 2025 Q3 2025: $13.8B Q3 2025 Q4 2025: $12.1B Q4 2025 Q1 2026: $13.7B $13.7B Q1 2026 Q2 2026: $13.2B Q2 2026

Holdings 452 stocks · $13.7B

WMB Williams Cos Inc. 2.50% 4,701,198 $342.2M Add +10.4%
ET Energy Transfer LP 2.40% 16,984,384 $327.8M Add +5172.0%
BIL SS SPDR BB 1-3M T-Bill ETF 2.35% 3,507,818 $321.5M Add +2462.8%
VEA Vanguard Ftse Developed ETF 2.27% 4,841,404 $310.2M Add +1.8%
KMI Kinder Morgan Inc. 1.90% 7,756,161 $260.1M Reduce -7.1%
LNG Cheniere Energy Inc. 1.56% 749,722 $212.7M Reduce -3.6%
EPD Enterprise Products Partners 1.52% 5,496,068 $208.0M Add +4185.4%
ENB Enbridge Inc. 1.49% 3,754,855 $203.3M Add +38.8%
RSP Invesco S&P 500 Equal Weight 1.18% 841,866 $161.6M Add +761.3%
TRGP Targa Resources Corp. 1.10% 602,242 $151.0M Reduce -26.0%
DTM DT Midstream Inc. 1.06% 1,075,249 $144.8M Reduce -4.6%
OKE Oneok Inc. 1.00% 1,515,987 $137.0M Reduce -14.4%
TRP TC Energy Corp. 0.98% 2,143,297 $134.2M Add +0.9%
AMZN Amazon.com Inc. 0.94% 614,579 $128.0M Add +4.5%
MPLX MPLX LP 0.93% 2,236,856 $127.7M Add +5211.1%
JNJ Johnson & Johnson 0.87% 486,249 $118.9M Reduce -5.0%
MSFT Microsoft Corp. 0.86% 316,188 $117.0M Add +2.3%
AAPL Apple Inc. 0.84% 454,229 $115.3M Reduce -11.7%
JPM JPMorgan Chase & Co. 0.76% 353,968 $104.1M Reduce -3.6%
AIR Aar Corp. 0.76% 948,672 $103.8M Add +8183.9%
CFR Cullen/Frost Bankers Inc. 0.75% 743,728 $102.0M Reduce -4.5%
AVA Avista Corp. 0.75% 2,538,065 $101.9M Reduce -3.0%
SXT Sensient Technologies Corp. 0.74% 1,177,734 $101.8M Add +6.3%
GOOGL Alphabet Inc. Class A 0.73% 345,461 $99.3M Reduce -11.5%
CDP Copt Defense Properties 0.73% 3,245,746 $99.3M Reduce -10.1%
XOM Exxon Mobil Corp. 0.72% 577,617 $98.0M Reduce -10.3%
BLBD Blue Bird Corp. 0.69% 1,654,770 $94.0M Reduce -12.7%
SSB Southstate Bank Corp. 0.69% 1,013,170 $93.7M Reduce -3.6%
IPAR Interparfums Inc. 0.67% 1,005,594 $91.3M Reduce -0.7%
ASO Academy Sports & Outdoors Inc. 0.66% 1,602,998 $90.5M Reduce -10.6%
IPGP Ipg Photonics Corp. 0.65% 779,528 $89.3M New
CVX Chevron Corp. 0.65% 428,422 $88.6M Reduce -10.6%
PKG Packaging Corp. of America 0.65% 415,851 $88.3M Reduce -3.3%
WES Western Midstream Partners L 0.65% 2,142,933 $88.2M Add +4867.7%
HUBB Hubbell Inc. 0.64% 178,161 $87.4M Reduce -4.9%
HD Home Depot Inc. 0.64% 264,138 $86.9M Add +12.8%
WEC WEC Energy Group Inc. 0.63% 739,190 $85.6M Reduce -3.5%
PIPR Piper Sandler Cos 0.62% 1,111,662 $85.1M Add +2.1%
MSI Motorola Solutions Inc. 0.59% 184,972 $80.3M Add +320.4%
NEE Nextera Energy Inc. 0.56% 829,101 $77.0M Reduce -7.4%
DE Deere & Co. 0.56% 135,700 $76.4M Reduce -4.8%
WMS Advanced Drainage Systems Inc. 0.55% 553,211 $75.9M Add +28.9%
SXI Standex International Corp. 0.55% 294,890 $75.2M Reduce -8.5%
ECG Everus Construction Group 0.55% 636,007 $75.1M Reduce -22.3%
TXN Texas Instruments Inc. 0.54% 381,422 $74.0M Reduce -11.4%
MDU Mdu Resources Group Inc. 0.54% 3,542,046 $73.4M Add +102.1%
KNF Knife River Corp. 0.54% 898,402 $73.4M Add +8.8%
MRK Merck & Co. Inc. 0.54% 608,628 $73.2M Add +1.4%
FBNC First Bancorp 0.53% 1,285,239 $72.4M Reduce -7.4%
NIC Nicolet Bankshares Inc. 0.53% 486,751 $72.3M New
CAKE The Cheesecake Factory Inc. 0.52% 1,305,861 $71.5M Reduce -12.9%
RNST Renasant Corp. 0.52% 1,978,547 $71.5M Reduce -0.8%
VECO Veeco Instruments Inc. 0.52% 2,107,647 $71.4M Reduce -13.5%
AUB Atlantic Union Bankshares Co. 0.52% 1,994,507 $71.3M Reduce -1.7%
UE Urban Edge Properties 0.52% 3,545,009 $70.8M Reduce -7.0%
ATMU Atmus Filtration Technologie 0.51% 1,239,186 $70.3M Reduce -10.3%
BRK.B Berkshire Hathaway Inc. Class B 0.51% 146,691 $70.3M Add +22.6%
CHCO City Holding Co. filed as CITY HLDG CO 0.50% 575,096 $68.7M Reduce -3.0%
SBCF Seacoast Banking Corp. 0.50% 2,267,167 $68.7M Add +0.2%
PLD Prologis Inc. 0.50% 518,086 $68.5M Reduce -4.5%
CSX CSX Corp. 0.50% 1,663,178 $68.3M Reduce -3.2%
SFNC Simmons First Natl Corp. Class A 0.50% 3,508,831 $68.2M Reduce -4.7%
Q Qnity Electronics Inc. 0.50% 590,116 $68.1M Add +95.8%
GD General Dynamics Corp. 0.50% 197,391 $67.7M Reduce -3.9%
FCPT Four Corners Property Trust 0.49% 2,818,945 $66.7M Reduce -8.6%
PBH Prestige Consumer Healthcare 0.49% 1,119,715 $66.4M Reduce -5.1%
PBA Pembina Pipeline Corp. 0.48% 1,465,532 $65.6M Reduce -6.4%
FBK FB Financial Corp. filed as FB FINL CORP 0.48% 1,261,519 $65.5M Add +1.4%
MMSI Merit Medical Systems Inc. 0.48% 946,476 $65.2M Add +14.6%
WMG Warner Music Group Corp. Class A 0.47% 2,540,735 $64.9M Add +200.9%
HAYW Hayward Holdings Inc. 0.47% 4,838,917 $64.7M Add +5.4%
VRRM Verra Mobility Corp. 0.47% 4,499,500 $64.3M Reduce -5.5%
CCS Century Communities Inc. 0.47% 1,118,689 $64.2M Reduce -12.0%
TREX Trex Company Inc. filed as TREX INC 0.47% 1,748,611 $63.7M New
DELL Dell Technologies -C 0.46% 384,075 $63.0M Reduce -18.0%
TMUS T-Mobile US Inc. 0.46% 298,638 $62.7M Reduce -5.2%
TMO Thermo Fisher Scientific Inc. 0.46% 126,656 $62.3M Add +28.8%
ETR Entergy Corp. 0.45% 552,366 $62.1M Reduce -2.9%
WFC Wells Fargo & Co. 0.44% 763,057 $60.7M Reduce -5.1%
PEP Pepsico Inc. 0.44% 383,328 $59.5M Add +8.3%
GOOG Alphabet Inc. Class C 0.43% 206,015 $59.1M Reduce -2.3%
MYRG MYR Group Inc./Delaware 0.43% 208,612 $58.9M Add +14.7%
HSY The Hershey Co. 0.43% 280,906 $58.4M Add +2.1%
SKWD Skyward Specialty Insurance 0.42% 1,329,349 $58.1M New
GPOR Gulfport Energy Corp. 0.42% 270,962 $57.3M Add +7.4%
AZZ Azz Inc. 0.42% 457,895 $57.3M Reduce -9.9%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.41% 1,545,621 $56.6M Reduce -5.3%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.41% 2,577,196 $56.5M Reduce -9.6%
NBHC National Bank Hold Class A 0.41% 1,420,890 $55.6M Reduce -4.6%
RBA RB Global Inc. 0.40% 568,542 $54.5M New
ORLY O'reilly Automotive Inc. 0.40% 589,886 $54.5M Reduce -2.2%
BL Blackline Inc. 0.39% 1,456,649 $53.9M Reduce -4.2%
PGR Progressive Corp. 0.39% 271,423 $53.8M Reduce -0.4%
HWKN Hawkins Inc. 0.39% 350,227 $53.8M Reduce -14.1%
NVDA Nvidia Corp. 0.39% 305,691 $53.3M Reduce -5.0%
AM Antero Midstream Corp. 0.39% 2,324,548 $53.0M Reduce -12.1%
META Meta Platforms Inc. Class A 0.38% 91,783 $52.5M Reduce -27.6%
ICE Intercontinental Exchange Inc. 0.38% 329,553 $51.8M Reduce -2.4%
ABT Abbott Laboratories 0.38% 504,561 $51.8M Reduce -21.8%
HESM Hess Midstream LP Class A 0.37% 1,311,435 $51.0M Reduce -26.7%
NMRK Newmark Group Inc. Class A 0.37% 3,393,193 $50.9M Add +5.6%
MGY Magnolia Oil & Gas Corp. Class A 0.37% 1,590,570 $50.2M Reduce -9.7%
MSCI MSCI Inc. 0.37% 92,614 $49.9M Add +8.3%
CGAU Centerra Gold Inc. 0.35% 2,713,163 $48.3M New
WMT Walmart Inc. 0.33% 365,597 $45.4M Reduce -4.2%
MDST Westwd Sat Encd Mdstr in ETF 0.33% 1,586,819 $45.4M Add +0.6%
V Visa Inc. Class A 0.33% 150,069 $45.4M Reduce -0.0%
POWI Power Integrations Inc. 0.33% 873,035 $44.7M Reduce -15.8%
EXP Eagle Materials Inc. 0.32% 229,734 $43.5M Reduce -35.7%
GILD Gilead Sciences Inc. 0.31% 303,467 $42.3M Reduce -7.7%
SAH Sonic Automotive Inc. Class A 0.30% 607,882 $41.7M Add +2.0%
VG Venture Global Inc. Class A 0.29% 2,559,515 $40.3M Add +282.5%
IDA Idacorp Inc. 0.29% 280,497 $40.1M Reduce -7.9%
SOBO South Bow Corp. 0.29% 1,191,935 $39.7M Add +10.6%
THR Thermon Group Holdings Inc. 0.29% 782,763 $39.5M Reduce -19.9%
PARR Par Pacific Holdings Inc. 0.29% 622,833 $39.0M New
CENTA Central Garden and Pet Co. Class A 0.28% 1,199,188 $38.9M Reduce -1.5%
GEL Genesis Energy L.P. 0.28% 2,145,219 $38.2M Add +3493.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.28% 783,103 $38.2M Reduce -4.2%
MOD Modine Manufacturing Co. 0.28% 173,622 $37.6M Reduce -24.0%
INR Infinity Natural Resour Class A 0.27% 2,131,672 $37.5M Add +5.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.27% 169,114 $36.6M Reduce -21.3%
HON Honeywell International Inc. 0.26% 160,022 $36.2M Reduce -4.8%
ARCB Arcbest Corp. 0.26% 365,902 $36.0M Reduce -45.6%
DFIN Donnelley Financial Solution 0.26% 761,163 $35.9M Reduce -2.2%
NOG Northern Oil and Gas Inc. 0.26% 1,223,992 $35.8M Reduce -63.0%
XPEL Xpel Inc. 0.26% 805,546 $35.7M Add +16.2%
PWP Perella Weinberg Partners 0.26% 1,958,252 $35.6M Reduce -3.3%
TPHD Timothy Plan High DVD STCK 0.26% 858,500 $35.5M No change
B Barrick Mining Corp. 0.26% 861,401 $35.1M Reduce -4.2%
LNN Lindsay Corp. 0.26% 295,039 $35.1M Reduce -6.4%
ADUS Addus Homecare Corp. 0.26% 373,721 $35.0M Reduce -0.4%
IJH iShares Core S&P Midcap ETF 0.26% 517,476 $34.9M Add +3.5%
GS Goldman Sachs Group Inc. 0.26% 41,223 $34.9M Add +31.5%
CURB Curbline Properties Corp. 0.25% 1,337,401 $34.5M New
CSTM Constellium SE 0.25% 1,401,416 $34.4M New
LFUS Littelfuse Inc. 0.25% 101,260 $34.4M Reduce -9.1%
PAA Plains All Amer Pipeline LP 0.25% 1,538,227 $34.3M Add +2178.2%
CACI Caci International Inc. Class A 0.25% 63,146 $34.3M Add +393.6%
SEI Solaris Energy Infrastructur 0.25% 602,566 $34.1M Reduce -12.6%
POOL Pool Corp. 0.25% 167,238 $33.8M Add +559.5%
KTOS Kratos Defense & Security 0.25% 478,634 $33.7M Add +20.9%
IWD iShares Russell 1000 Value E 0.24% 155,924 $33.3M Add +12.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 51,130 $33.3M Reduce -41.6%
SHO Sunstone Hotel Investors Inc. 0.24% 3,671,758 $33.1M Reduce -3.0%
OFRM Once Upon A Farm PBC 0.24% 2,020,742 $33.0M New
LPLA LPL Financial Holdings Inc. 0.24% 109,442 $32.9M Reduce -20.7%
EGP Eastgroup Properties Inc. 0.24% 175,184 $32.4M Add +1021.5%
KKR KKR & Co. Inc. 0.24% 349,477 $32.3M Reduce -5.2%
EVR Evercore Inc. Class A 0.24% 108,256 $32.3M Add +49.4%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.23% 325,198 $32.0M Add +16.0%
MCK McKesson Corp. 0.23% 36,853 $31.9M Reduce -41.4%
GBCI Glacier Bancorp Inc. 0.23% 712,830 $31.8M Add +1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 131,168 $31.8M Add +8.4%
RMBS Rambus Inc. 0.23% 369,150 $31.8M Add +29.5%
ALG Alamo Group Inc. 0.23% 191,575 $31.6M Reduce -7.7%
NFG National Fuel Gas Co. 0.23% 336,086 $31.6M Reduce -8.3%
PR Permian Resources Corp. Class A 0.23% 1,464,821 $31.2M Reduce -30.2%
BOOT Boot Barn Holdings Inc. 0.23% 213,273 $31.2M Add +17.5%
MCD McDonald's Corp. 0.23% 99,819 $31.0M Reduce -37.6%
PSA Public Storage 0.22% 113,085 $30.6M Add +19.3%
VLTO Veralto Corp. 0.22% 346,182 $30.6M Reduce -30.6%
IVV iShares Core S&P 500 ETF 0.22% 46,433 $30.3M Reduce -32.7%
RGLD Royal Gold Inc. 0.22% 118,451 $30.1M Add +25.6%
MRVL Marvell Technology Inc. 0.22% 302,239 $29.9M Reduce -5.2%
PAGP Plains GP Holdings LP 0.21% 1,208,354 $29.3M Reduce -55.4%
KNTK Kinetik Holdings Inc. 0.21% 605,912 $29.3M Reduce -21.7%
WTFC Wintrust Financial Corp. 0.21% 205,963 $28.6M Reduce -4.6%
TPLC Timothy PLN US LRG/Mid Cap 0.21% 616,000 $28.6M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.20% 132,028 $28.0M Reduce -5.0%
MSA Msa Safety Inc. 0.20% 167,586 $27.5M Reduce -4.4%
XME SS SPDR S&P Metals Mining 0.20% 253,845 $27.4M Add +80.7%
LSCC Lattice Semiconductor Corp. 0.20% 293,269 $27.2M Add +23.5%
ETN Eaton Corp. PLC 0.20% 75,197 $26.9M Reduce -3.6%
XLE SS Energy Select Sector 0.19% 430,094 $26.3M Add +75.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.19% 570,572 $26.2M Add +78.4%
KEX Kirby Corp. 0.19% 192,482 $25.6M New
CCB Coastal Financial Corp. 0.18% 331,360 $25.2M Reduce -1.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.18% 156,847 $25.0M Reduce -4.1%
AVGO Broadcom Inc. 0.18% 80,733 $25.0M Add +9.1%
NRG NRG Energy Inc. 0.18% 170,562 $24.9M No change
GDX Vaneck Gold Miners ETF 0.18% 269,572 $24.7M Reduce -23.4%
TPSC Timothy Plan US Small Cap Co. 0.18% 580,000 $24.6M No change
XPO Xpo Inc. 0.18% 124,399 $24.2M Reduce -27.3%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.18% 537,856 $24.0M Reduce -4.7%
CLMB Climb Global Solutions Inc. 0.17% 1,201,856 $23.8M New
FRT Federal Realty Invs Trust 0.17% 219,904 $23.4M Reduce -1.6%
NWE Northwestern Energy Group Inc. 0.17% 351,913 $23.2M Reduce -55.3%
RNR Renaissancere Holdings Ltd. 0.17% 77,511 $23.0M Add +0.2%
LAD Lithia Motors Inc. 0.17% 90,517 $22.6M Add +6.1%
CHRD Chord Energy Corp. 0.16% 156,636 $22.3M Reduce -32.8%
MCY Mercury General Corp. 0.16% 251,025 $22.1M Reduce -46.0%
TXRH Texas Roadhouse Inc. 0.16% 132,204 $21.8M Add +2.5%
TKR Timken Co. 0.16% 216,605 $21.8M Reduce -39.0%
PEGA Pegasystems Inc. 0.16% 504,478 $21.5M Add +40.9%
TSM Taiwan Semiconductor-SP ADR 0.15% 62,712 $21.2M Reduce -36.9%
SOLV Solventum Corp. 0.15% 324,237 $21.2M New
SLB SLB Ltd. filed as SLB LIMITED 0.15% 397,311 $20.4M Add +1010.9%
UNP Union Pacific Corp. 0.15% 82,277 $20.0M Reduce -1.7%
SMMD iShares Russell 2500 ETF 0.15% 260,967 $19.9M Add +29.1%
WBI Waterbridge Infrastruc Class A 0.15% 743,162 $19.9M Add +21.7%
VTR Ventas Inc. 0.14% 239,644 $19.6M Reduce -5.3%
BWXT BWX Technologies Inc. 0.13% 87,830 $18.0M Reduce -6.8%
EQT Eqt Corp. 0.13% 281,449 $17.9M Add +436.9%
CRWD CrowdStrike Holdings Inc. Class A 0.13% 44,866 $17.5M Reduce -11.8%
CSCO Cisco Systems Inc. 0.13% 223,078 $17.3M Reduce -4.7%
USFD US Foods Holding Corp. 0.12% 184,338 $17.0M Reduce -3.2%
YLDW Westwood Enhe Income Opp ETF 0.12% 693,168 $16.9M Add +178.3%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.12% 292,336 $16.2M Reduce -12.8%
DOX Amdocs Ltd. 0.12% 248,417 $16.2M Add +0.1%
MOG.A Moog Inc. Class A 0.11% 53,136 $15.5M Reduce -85.1%
PAAS Pan American Silver Corp. 0.11% 282,149 $15.4M Reduce -0.3%
CHD Church & Dwight Co. Inc. 0.11% 163,550 $15.3M Reduce -64.7%
MPWR Monolithic Power Systems Inc. 0.11% 13,713 $15.0M Reduce -21.1%
BRX Brixmor Property Group Inc. 0.11% 517,926 $14.9M Reduce -7.4%
MTN Vail Resorts Inc. 0.11% 115,923 $14.9M Add +0.0%
SCCO Southern Copper Corp. 0.10% 83,408 $14.4M Add +968.2%
ALC Alcon Inc. filed as ALCON AG 0.10% 189,669 $14.3M Reduce -5.2%
LMT Lockheed Martin Corp. 0.10% 23,579 $14.3M Reduce -5.8%
EOG EOG Resources Inc. 0.10% 98,058 $14.2M Add +4.1%
COO The Cooper Cos Inc. 0.10% 197,562 $14.1M Add +5.6%
HYD Vaneck High Yield Muni ETF 0.10% 279,030 $14.0M Add +9.0%
HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 0.10% 188,940 $13.9M Add +1.9%
APTV Aptiv PLC 0.10% 194,685 $13.5M Reduce -7.3%
BLDR Builders Firstsource Inc. 0.10% 164,154 $13.5M New
LRCX Lam Research Corp. 0.10% 63,199 $13.5M Reduce -5.0%
DTE DTE Energy Company 0.09% 88,186 $12.9M Reduce -5.8%
JEPI JPMorgan Equity Premium Inco 0.09% 221,120 $12.5M Reduce -7.8%
COP Conocophillips 0.09% 94,316 $12.4M Add +13.8%
WEEI Wstwd Sal Enhnc Engy Inm ETF 0.09% 501,099 $12.3M Add +0.6%
TSLA Tesla Inc. 0.09% 32,944 $12.2M Reduce -1.2%
PM Philip Morris International 0.09% 73,632 $12.2M Reduce -5.3%
NFLX Netflix Inc. 0.09% 125,557 $12.1M Add +1551.6%
LHX L3HARRIS Technologies Inc. 0.09% 33,762 $11.7M Reduce -4.0%
MDT Medtronic PLC 0.08% 132,303 $11.5M Reduce -4.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 26,058 $11.4M Reduce -1.9%
FDS Factset Research Systems Inc. 0.08% 52,450 $11.4M New
CWEN Clearway Energy Inc. Class C 0.08% 284,666 $11.2M Add +19.6%
FDX FedEx Corp. 0.08% 30,343 $10.8M Reduce -49.3%
COF Capital One Financial Corp. 0.08% 59,077 $10.8M Reduce -6.8%
NEXT Nextdecade Corp. 0.08% 1,366,088 $10.5M Add +3.5%
EEM iShares MSCI Emerging Market 0.07% 172,937 $9.8M Reduce -7.2%
GAP The Gap Inc. 0.07% 404,056 $9.8M New
LNT Alliant Energy Corp. 0.07% 135,642 $9.7M Reduce -6.0%
CTVA Corteva Inc. 0.07% 114,422 $9.6M Reduce -6.2%
COST Costco Wholesale Corp. 0.07% 9,276 $9.2M Add +0.1%
MLM Martin Marietta Materials 0.07% 15,535 $9.1M Reduce -4.5%
YSS York Space Systems Inc. 0.07% 409,186 $9.1M New
QQQ Invesco QQQ Trust Series 1 0.07% 15,425 $8.9M Reduce -78.1%
ESS Essex Property Trust Inc. 0.06% 35,797 $8.7M Reduce -47.5%
NOC Northrop Grumman Corp. 0.06% 12,241 $8.4M Reduce -5.2%
AGG iShares Core U.S. Aggregate 0.06% 83,582 $8.3M Reduce -9.0%
CCI Crown Castle Inc. 0.06% 101,203 $8.2M Add +97.3%
MA Mastercard Inc. Class A 0.06% 16,208 $8.1M Add +1381.5%
DKL Delek Logistics Partners LP 0.06% 160,624 $8.0M New
VB Vanguard Most SM-Cap ETF-Usd 0.06% 30,385 $8.0M Add +1.0%
WHG Westwood Holdings Group Inc. 0.05% 444,245 $7.3M New
BXMT Blackstone Mortgage Tru Class A 0.05% 375,001 $7.2M No change
WPC WP Carey Inc. 0.05% 100,976 $6.9M Add +42.8%
WELL Welltower Inc. 0.05% 33,978 $6.7M Add +3.0%
VTWG Vanguard Russell 2000 Growth 0.05% 27,338 $6.3M Reduce -35.1%
IUSG iShares Core S&P U.S. Growth 0.04% 38,498 $6.0M Add +1.7%
AMGN Amgen Inc. 0.04% 16,610 $5.8M Reduce -1.0%
VST Vistra Corp. 0.04% 38,747 $5.8M Add +126.0%
CSR Centerspace 0.04% 100,076 $5.7M Add +0.1%
HCA HCA Healthcare Inc. 0.04% 11,941 $5.7M Reduce -0.1%
MCHP Microchip Technology Inc. 0.04% 87,002 $5.6M No change
CCK Crown Holdings Inc. 0.04% 55,114 $5.5M Reduce -81.7%
WY Weyerhaeuser Co. 0.04% 225,834 $5.5M No change
SHW The Sherwin-Williams Co. 0.04% 16,970 $5.4M No change
HRL Hormel Foods Corp. 0.04% 239,179 $5.4M Reduce -4.7%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.04% 36,654 $5.3M Add +0.6%
WSM Williams-Sonoma Inc. 0.04% 28,616 $5.2M Add +116.4%
STE Steris PLC 0.04% 23,046 $5.1M No change
RVTY Revvity Inc. 0.04% 57,927 $5.1M No change
MZTI The Marzetti Company 0.04% 36,524 $5.1M No change
CDNS Cadence Design SYS Inc. 0.04% 18,138 $5.0M Reduce -0.5%
LINE Lineage Inc. 0.04% 150,314 $4.9M Add +50.0%
WCN Waste Connections Inc. 0.04% 30,277 $4.9M No change
VWO Vanguard Ftse Emerging Marke 0.04% 90,402 $4.9M New
KO The Coca-Cola Co. 0.04% 63,023 $4.8M Reduce -1.9%
DLR Digital Realty Trust Inc. 0.04% 26,550 $4.8M New
T AT&T Inc. 0.03% 164,181 $4.8M Reduce -3.4%
MAC The Macerich Co. 0.03% 251,150 $4.7M New
FANG Diamondback Energy Inc. 0.03% 23,875 $4.7M Reduce -13.9%
CB Chubb Ltd. 0.03% 14,403 $4.7M Add +0.6%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.03% 3,487 $4.6M Add +27.6%
VONV Vanguard Russell 1000 Value 0.03% 47,234 $4.4M Reduce -45.8%
PNC PNC Financial Services Group 0.03% 20,218 $4.2M New
SHLS Shoals Technologies Group -A 0.03% 631,343 $4.2M Add +161.4%
DPZ Domino's Pizza Inc. 0.03% 11,312 $4.1M Reduce -83.9%
MKC McCormick & Co.-Non VTG SHRS 0.03% 80,277 $4.0M Reduce -0.4%
TYL Tyler Technologies Inc. 0.03% 10,890 $3.7M No change
WTTR Select Water Solutions Inc. 0.03% 236,262 $3.6M New
BRK.A Berkshire Hathaway Inc. Class A 0.03% 5 $3.6M No change
LLY Eli Lilly & Co. 0.03% 3,901 $3.6M Add +8.9%
VLO Valero Energy Corp. 0.02% 13,806 $3.4M Add +65.7%
SRE Sempra 0.02% 35,022 $3.4M Add +7.1%
PSX Phillips 66 0.02% 17,378 $3.2M Add +34.9%
BA The Boeing Co. 0.02% 14,909 $3.0M Reduce -3.7%
CAT Caterpillar Inc. 0.02% 4,033 $2.9M Reduce -24.3%
PWR Quanta Services Inc. 0.02% 5,052 $2.8M Reduce -49.5%
SO The Southern Co. 0.02% 28,632 $2.8M Reduce -90.5%
CRM Salesforce Inc. 0.02% 14,618 $2.7M Reduce -93.0%
INTC Intel Corp. 0.02% 57,027 $2.5M Reduce -5.7%
DUK Duke Energy Corp. 0.02% 18,709 $2.4M Reduce -1.5%
BKR Baker Hughes Co. 0.02% 39,500 $2.4M Add +59.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 24,730 $2.4M Reduce -77.8%
WM Waste Management Inc. 0.02% 9,762 $2.2M Reduce -95.8%
SUN Sunoco LP 0.02% 34,335 $2.2M New
GE General Electric filed as GE AEROSPACE 0.02% 7,733 $2.2M Reduce -6.0%
ORCL Oracle Corp. 0.02% 14,714 $2.2M Add +2.6%
MPC Marathon Petroleum Corp. 0.02% 8,672 $2.1M Add +50.1%
TGT Target Corp. 0.02% 17,062 $2.1M Reduce -1.9%
IWF iShares Russell 1000 Growth 0.01% 4,458 $1.9M No change
ABBV Abbvie Inc. 0.01% 8,635 $1.9M Add +3.8%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.01% 22,720 $1.9M New
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L 0.01% 76,201 $1.8M Reduce -32.8%
TTE Totalenergies SE 0.01% 19,337 $1.8M New
NKE Nike Inc. Class B 0.01% 32,247 $1.7M Add +3.8%
ACIC American Coastal Insurance C 0.01% 148,735 $1.7M Reduce -1.3%
DVN Devon Energy Corp. 0.01% 32,145 $1.6M Add +42.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.01% 14,257 $1.6M Reduce -58.8%
HAL Halliburton Co. 0.01% 38,907 $1.5M Add +65.8%
SW Smurfit Westrock PLC 0.01% 36,459 $1.5M Add +1.2%
APO Apollo Global Management Inc. 0.01% 12,781 $1.4M Reduce -40.0%
IWM iShares Russell 2000 ETF 0.01% 5,731 $1.4M Add +0.3%
ILMN Illumina Inc. 0.01% 10,970 $1.4M Reduce -11.3%
HBAN Huntington Bancshares Inc. 0.01% 83,420 $1.3M Add +327.8%
KGC Kinross Gold Corp. 0.01% 42,157 $1.3M New
AVNT Avient Corp. 0.01% 35,201 $1.3M Reduce -16.6%
WWD Woodward Inc. 0.01% 3,463 $1.2M New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.01% 15,440 $1.2M Add +11.0%
PG The Procter & Gamble Co. 0.01% 8,186 $1.2M Add +18.6%
VOO Vanguard S&P 500 ETF 0.01% 1,964 $1.2M Reduce -3.7%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.01% 65,743 $1.1M New
TLT iShares 20+ Year Treasury BD 0.01% 12,765 $1.1M Reduce -57.5%
ROK Rockwell Automation Inc. 0.01% 3,081 $1.1M Reduce -11.6%
BP BP PLC-Spons ADR 0.01% 22,667 $1.1M No change
EXE Expand Energy Corp. 0.01% 9,607 $1.1M Add +72.8%
CME Cme Group Inc. 0.01% 3,538 $1.0M Add +1.3%
CRSP Crispr Therapeutics AG 0.01% 21,453 $1.0M Reduce -10.3%
IMO Imperial Oil Ltd. 0.01% 7,778 $1.0M New
TPL Texas Pacific Land Corp. 0.01% 2,127 $1.0M Add +79.0%
SU Suncor Energy Inc. 0.01% 14,934 $985K New
IEMG iShares Core MSCI Emerging 0.01% 13,923 $971K Reduce -0.5%
AVAV Aerovironment Inc. 0.01% 5,133 $940K Add +74.3%
DKS Dick's Sporting Goods Inc. 0.01% 4,625 $917K Reduce -3.4%
REGN Regeneron Pharmaceuticals 0.01% 1,186 $916K Reduce -20.1%
OXY Occidental Petroleum Corp. 0.01% 14,045 $913K Reduce -22.2%
USHY iShares Broad Usd High Yield 0.01% 23,936 $882K Add +128.6%
LIN Linde PLC 0.01% 1,667 $826K Reduce -26.9%
PANW Palo Alto Networks Inc. 0.01% 4,937 $791K Reduce -6.4%
HOOD Robinhood Markets Inc. Class A 0.01% 11,378 $788K Reduce -5.1%
TD Toronto-Dominion Bank 0.01% 8,419 $784K New
MP MP Materials Corp. 0.01% 16,236 $784K Reduce -10.6%
APA Apa Corp. 0.01% 18,397 $781K Add +36.1%
TPR Tapestry Inc. 0.01% 5,449 $769K No change
EFA iShares MSCI Eafe ETF 0.01% 7,541 $732K Add +89.9%
CQP Cheniere Energy Partners LP 0.01% 11,245 $727K No change
COIN Coinbase Global Inc. Class A 0.01% 3,933 $687K Reduce -0.3%
SMFG Sumitomo Mitsui-Spons ADR 0.00% 32,820 $648K No change
MO Altria Group Inc. 0.00% 9,541 $630K Add +0.0%
CSW CSW Industrials Inc. 0.00% 2,400 $625K No change
NET Cloudflare Inc. Class A 0.00% 2,979 $615K Reduce -7.9%
BABA Alibaba Group Holding-SP ADR 0.00% 4,845 $608K Reduce -5.9%
SNOW Snowflake Inc. 0.00% 4,013 $605K Reduce -10.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.00% 8,727 $603K New
SHOP Shopify Inc. Class A 0.00% 4,983 $589K New
ARLO Arlo Technologies Inc. 0.00% 40,144 $571K Reduce -7.2%
VXUS Vanguard Total Intl Stock 0.00% 7,328 $565K Add +1.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.00% 5,901 $557K New
UEC Uranium Energy Corp. 0.00% 40,761 $550K Reduce -32.4%
PFF iShares Preferred & Income S 0.00% 18,080 $548K Reduce -58.8%
HEI.A Heico Corp. Class A 0.00% 2,532 $534K New
LOGI Logitech International-Reg 0.00% 5,818 $524K New
UBER Uber Technologies Inc. 0.00% 7,260 $522K Reduce -8.9%
SPGI S&P Global Inc. 0.00% 1,214 $516K No change
CRGY Crescent Energy Inc. Class A 0.00% 37,593 $508K No change
CCEP Coca-Cola Europacific Partne 0.00% 5,526 $501K New
CNI Canadian Natl Railway Co. 0.00% 4,815 $495K Add +1.1%
AZN Astrazeneca PLC 0.00% 2,538 $492K New
HTH Hilltop Holdings Inc. 0.00% 12,959 $464K No change
RY Royal Bank of Canada 0.00% 2,829 $458K No change
WAL Western Alliance Bancorp 0.00% 6,420 $455K Reduce -97.0%
BTG B2GOLD Corp. 0.00% 99,999 $453K New
WBD Warner Bros Discovery Inc. 0.00% 16,344 $449K New
MEOH Methanex Corp. 0.00% 7,500 $447K Reduce -56.2%
AEM Agnico Eagle Mines Ltd. 0.00% 2,204 $446K New
NTR Nutrien Ltd. 0.00% 5,818 $438K New
ZTS Zoetis Inc. 0.00% 3,688 $436K Reduce -96.9%
EQIX Equinix Inc. 0.00% 442 $433K New
CVE Cenovus Energy Inc. 0.00% 15,998 $423K New
BN Brookfield Corp. 0.00% 10,381 $420K No change
IJR iShares Core S&P Small-Cap E 0.00% 3,359 $418K Reduce -24.6%
FTI Technipfmc PLC 0.00% 6,000 $415K No change
IVW iShares S&P 500 Growth ETF 0.00% 3,586 $406K No change
SBR Sabine Royalty Trust 0.00% 5,377 $403K Add +0.3%
ESLT Elbit Systems Ltd. 0.00% 479 $400K New
MU Micron Technology Inc. 0.00% 1,177 $398K Reduce -98.7%
MGA Magna International Inc. 0.00% 7,002 $390K New
QCOM Qualcomm Inc. 0.00% 3,010 $388K Reduce -0.3%
GIL Gildan Activewear Inc. 0.00% 6,681 $371K New
PB Prosperity Bancshares Inc. 0.00% 5,431 $365K No change
RIOT Riot Platforms Inc. 0.00% 28,099 $347K No change
RBLX Roblox Corp. Class A 0.00% 6,108 $345K Reduce -8.2%
EPS Wisdomtree US Large Cap Fund 0.00% 4,968 $338K No change
TWLO Twilio Inc. Class A 0.00% 2,661 $335K New
MFC Manulife Financial Corp. 0.00% 9,343 $322K No change
CMS CMS Energy Corp. 0.00% 4,123 $320K Reduce -0.1%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 0.00% 2,336 $316K No change
C Citigroup Inc. 0.00% 2,786 $316K No change
SPFI South Plains Financial Inc. 0.00% 7,507 $315K No change
MMM 3M Co. 0.00% 2,115 $307K Reduce -4.5%
FER Ferrovial NV 0.00% 4,774 $305K New
BOKF Bok Financial Corporation 0.00% 2,370 $304K No change
SCHD Schwab US DVD Equity ETF 0.00% 9,857 $302K Reduce -39.0%
IJK iShares S&P Mid-Cap 400 Grow 0.00% 2,993 $301K No change
J Jacobs Solutions Inc. 0.00% 2,358 $300K Reduce -98.1%
DB Deutsche Bank AG-Registered 0.00% 9,949 $288K New
VNOM Viper Energy Inc. Class A 0.00% 6,023 $283K New
VGT Vanguard Info Tech ETF 0.00% 399 $278K No change
BBVA Banco Bilbao Vizcaya-SP ADR 0.00% 12,785 $277K No change
DSGX The Descartes Systems Grp 0.00% 3,865 $276K New
FNV Franco-Nevada Corp. 0.00% 1,103 $272K New
MS Morgan Stanley 0.00% 1,617 $266K Reduce -10.4%
WFG West Fraser Timber Co. Ltd. 0.00% 4,028 $262K New
TRI Thomson Reuters Corp. 0.00% 2,889 $260K No change
AMKR Amkor Technology Inc. 0.00% 5,755 $259K Reduce -20.9%
FNX First Trust Mid Cap Core Alp 0.00% 1,977 $254K Reduce -0.5%
CW Curtiss-Wright Corp. 0.00% 366 $249K New
EFAV iShares MSCI Eafe Min Vol Fa 0.00% 2,724 $249K No change
YUM Yum! Brands Inc. 0.00% 1,600 $249K No change
PSEC Prospect Capital Corp. 0.00% 93,246 $243K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.00% 1,770 $235K No change
EMR Emerson Electric Co. 0.00% 1,779 $233K New
HPE Hewlett Packard Enterprise 0.00% 9,717 $231K New
STN Stantec Inc. 0.00% 2,677 $231K New
BBCA JPMorgan Betabuilders Canada 0.00% 2,363 $222K No change
BBJP JPMorgan Betabuilders Japan 0.00% 3,212 $221K Reduce -3.1%
USMV iShares MSCI USA Min Vol Fac 0.00% 2,359 $219K No change
BDX Becton Dickinson and Co. 0.00% 1,369 $215K Reduce -96.4%
VTI VG Morningstar TS MKT ETF-US 0.00% 668 $214K No change
BSV Vanguard Short-Term Bond ETF 0.00% 2,735 $214K Reduce -60.9%
TT Trane Technologies PLC 0.00% 513 $214K New
DHR Danaher Corp. 0.00% 1,103 $209K No change
APD Air Products & Chemicals Inc. 0.00% 709 $206K Reduce -15.8%
CL Colgate-Palmolive Co. 0.00% 2,407 $205K Reduce -35.3%
COYA Coya Therapeutics Inc. 0.00% 36,003 $142K Reduce -1.8%
BTX BlackRock Tech & Priv Eqty 0.00% 18,300 $121K New
LIEN Chicago Atlantic BDC Inc. 0.00% 10,737 $100K No change
LPRO Open Lending Corp. 0.00% 10,000 $13K No change
Other holdings (9): bonds, preferreds, convertibles and warrants · $55.9M (not counted above)
SecurityClassShares / PrincipalValueChange
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 195,150$12.6MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 184,550$12.0MNo change
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 375,000$9.2MNo change
LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) PFD CONV SER C 190,000$8.8MNo change
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E 183,506$5.6MReduce -35.3%
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F 242,066$4.7MNo change
PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) 6.375 PFD SER E 98,002$1.9MNo change
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 31,000$700KNo change
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 10,000$454KNew

Total filed on the 13F, all lines: $13.7B.

Portfolio Sells Q4 2025 → Q1 2026

MOG.A Moog Inc. Class A Reduce -85.1% 0.11% −0.60
BANR Banner Corporation Sold out 0.00% −0.59
CRM Salesforce Inc. Reduce -93.0% 0.02% −0.44
BCC Boise Cascade Co. Sold out 0.00% −0.42
VRRM Verra Mobility Corp. Reduce -5.5% 0.47% −0.41
WM Waste Management Inc. Reduce -95.8% 0.02% −0.40
PCH Potlatchdeltic Corp. Sold out 0.00% −0.37
NOG Northern Oil and Gas Inc. Reduce -63.0% 0.26% −0.32
IOSP Innospec Inc. Sold out 0.00% −0.31
AAPL Apple Inc. Reduce -11.7% 0.84% −0.31
JJSF J & J Snack Foods Corp. Sold out 0.00% −0.31
META Meta Platforms Inc. Class A Reduce -27.6% 0.38% −0.31
BL Blackline Inc. Reduce -4.2% 0.39% −0.30
QQQ Invesco QQQ Trust Series 1 Reduce -78.1% 0.07% −0.29
EXP Eagle Materials Inc. Reduce -35.7% 0.32% −0.29
SCL Stepan Co. Sold out 0.00% −0.29
ABT Abbott Laboratories Reduce -21.8% 0.38% −0.29
GOOGL Alphabet Inc. Class A Reduce -11.5% 0.73% −0.28
REXR Rexford Industrial Realty Inc. Sold out 0.00% −0.26
NWE Northwestern Energy Group Inc. Reduce -55.3% 0.17% −0.25
SPY SS SPDR S&P 500 ETF Trust-US Reduce -41.6% 0.24% −0.25
AXTA Axalta Coating Systems Ltd. Sold out 0.00% −0.24
ACN Accenture PLC Class A Sold out 0.00% −0.22
CCK Crown Holdings Inc. Reduce -81.7% 0.04% −0.22
JPM JPMorgan Chase & Co. Reduce -3.6% 0.76% −0.21
PAGP Plains GP Holdings LP Reduce -55.4% 0.21% −0.21
DPZ Domino's Pizza Inc. Reduce -83.9% 0.03% −0.21
MU Micron Technology Inc. Reduce -98.7% 0.00% −0.21
CHD Church & Dwight Co. Inc. Reduce -64.7% 0.11% −0.21
MCY Mercury General Corp. Reduce -46.0% 0.16% −0.20
SO The Southern Co. Reduce -90.5% 0.02% −0.20
MCK McKesson Corp. Reduce -41.4% 0.23% −0.19
AJG Arthur J Gallagher & Co. Reduce -21.3% 0.27% −0.19
VLTO Veralto Corp. Reduce -30.6% 0.22% −0.19
ITGR Integer Holdings Corp. Sold out 0.00% −0.18
YETI Yeti Holdings Inc. Reduce -5.3% 0.41% −0.18
MCD McDonald's Corp. Reduce -37.6% 0.23% −0.18
WFC Wells Fargo & Co. Reduce -5.1% 0.44% −0.17
IVV iShares Core S&P 500 ETF Reduce -32.7% 0.22% −0.17
LPLA LPL Financial Holdings Inc. Reduce -20.7% 0.24% −0.17
CCS Century Communities Inc. Reduce -12.0% 0.47% −0.15
BWIN Baldwin Insurance Group Inc./ Reduce -9.6% 0.41% −0.15
KKR KKR & Co. Inc. Reduce -5.2% 0.24% −0.15
ARCB Arcbest Corp. Reduce -45.6% 0.26% −0.15
WAL Western Alliance Bancorp Reduce -97.0% 0.00% −0.15
HESM Hess Midstream LP Class A Reduce -26.7% 0.37% −0.14
CCB Coastal Financial Corp. Reduce -1.7% 0.18% −0.13
TRGP Targa Resources Corp. Reduce -26.0% 1.10% −0.13
J Jacobs Solutions Inc. Reduce -98.1% 0.00% −0.13
TFX Teleflex Inc. Sold out 0.00% −0.13

Portfolio Buys Q4 2025 → Q1 2026

ET Energy Transfer LP Add +5172.0% 2.40% +2.35
BIL SS SPDR BB 1-3M T-Bill ETF Add +2462.8% 2.35% +2.25
EPD Enterprise Products Partners Add +4185.4% 1.52% +1.49
RSP Invesco S&P 500 Equal Weight Add +761.3% 1.18% +1.03
MPLX MPLX LP Add +5211.1% 0.93% +0.92
AIR Aar Corp. Add +8183.9% 0.76% +0.75
IPGP Ipg Photonics Corp. New 0.65% +0.65
WES Western Midstream Partners L Add +4867.7% 0.65% +0.63
NIC Nicolet Bankshares Inc. New 0.53% +0.53
TREX Trex Company Inc. New 0.47% +0.47
MSI Motorola Solutions Inc. Add +320.4% 0.59% +0.45
SKWD Skyward Specialty Insurance New 0.42% +0.42
ENB Enbridge Inc. Add +38.8% 1.49% +0.42
RBA RB Global Inc. New 0.40% +0.40
WMB Williams Cos Inc. Add +10.4% 2.50% +0.39
CGAU Centerra Gold Inc. New 0.35% +0.35
Q Qnity Electronics Inc. Add +95.8% 0.50% +0.30
PARR Par Pacific Holdings Inc. New 0.29% +0.29
GEL Genesis Energy L.P. Add +3493.9% 0.28% +0.27
WMG Warner Music Group Corp. Class A Add +200.9% 0.47% +0.26
VG Venture Global Inc. Class A Add +282.5% 0.29% +0.26
MDU Mdu Resources Group Inc. Add +102.1% 0.54% +0.25
CURB Curbline Properties Corp. New 0.25% +0.25
CSTM Constellium SE New 0.25% +0.25
OFRM Once Upon A Farm PBC New 0.24% +0.24
PAA Plains All Amer Pipeline LP Add +2178.2% 0.25% +0.24
EGP Eastgroup Properties Inc. Add +1021.5% 0.24% +0.21
POOL Pool Corp. Add +559.5% 0.25% +0.20
CACI Caci International Inc. Class A Add +393.6% 0.25% +0.20
KEX Kirby Corp. New 0.19% +0.19
CLMB Climb Global Solutions Inc. New 0.17% +0.17
SOLV Solventum Corp. New 0.15% +0.15
SLB SLB Ltd. Add +1010.9% 0.15% +0.14
EQT Eqt Corp. Add +436.9% 0.13% +0.11
MYRG MYR Group Inc./Delaware Add +14.7% 0.43% +0.10
XLE SS Energy Select Sector Add +75.3% 0.19% +0.10
BLDR Builders Firstsource Inc. New 0.10% +0.10
SCCO Southern Copper Corp. Add +968.2% 0.10% +0.10
FDS Factset Research Systems Inc. New 0.08% +0.08
NFLX Netflix Inc. Add +1551.6% 0.09% +0.08
XME SS SPDR S&P Metals Mining Add +80.7% 0.20% +0.08
XLU St Sr Utl SL SE SPDR ETF-Usd Add +78.4% 0.19% +0.08
YLDW Westwood Enhe Income Opp ETF Add +178.3% 0.12% +0.07
GAP The Gap Inc. New 0.07% +0.07
YSS York Space Systems Inc. New 0.07% +0.07
DKL Delek Logistics Partners LP New 0.06% +0.06
KNF Knife River Corp. Add +8.8% 0.54% +0.06
LSCC Lattice Semiconductor Corp. Add +23.5% 0.20% +0.05
MA Mastercard Inc. Class A Add +1381.5% 0.06% +0.05
WHG Westwood Holdings Group Inc. New 0.05% +0.05

Notes & Other Activity Q4 2025 → Q1 2026

BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal Sold out 8,100,000 $8.1Mbefore exit
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Sold out 6,515,000 $6.5Mbefore exit
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal Sold out 6,400,000 $6.4Mbefore exit
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal Sold out 6,180,000 $6.2Mbefore exit
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal Sold out 6,140,000 $6.1Mbefore exit
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E Reduce -35.3% 183,506 $5.6M
REDWOOD TRUST INC (RWT 7.75 06/15/27) NOTE 7.750% 6/1 · principal Sold out 3,500,000 $3.5Mbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Sold out 3,300,000 $3.3Mbefore exit
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal Sold out 3,000,000 $3.0Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Sold out 2,800,000 $2.8Mbefore exit
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal Sold out 2,500,000 $2.5Mbefore exit
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal Sold out 2,500,000 $2.5Mbefore exit
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Sold out 2,500,000 $2.5Mbefore exit
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal Sold out 2,500,000 $2.5Mbefore exit
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal Sold out 2,500,000 $2.5Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF Sold out 30,000 $2.4Mbefore exit
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Sold out 2,250,000 $2.3Mbefore exit
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Sold out 2,250,000 $2.3Mbefore exit
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Sold out 2,250,000 $2.3Mbefore exit
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Sold out 2,200,000 $2.2Mbefore exit
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Sold out 2,100,000 $2.1Mbefore exit
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Sold out 2,000,000 $2.0Mbefore exit
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal Sold out 2,000,000 $2.0Mbefore exit
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Sold out 2,000,000 $2.0Mbefore exit
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal Sold out 2,000,000 $2.0Mbefore exit
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Sold out 2,000,000 $2.0Mbefore exit
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Sold out 2,000,000 $2.0Mbefore exit
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Sold out 2,000,000 $2.0Mbefore exit
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal Sold out 2,000,000 $2.0Mbefore exit
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Sold out 2,000,000 $2.0Mbefore exit
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal Sold out 1,750,000 $1.8Mbefore exit
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Sold out 1,500,000 $1.5Mbefore exit
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Sold out 1,500,000 $1.5Mbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal Sold out 1,500,000 $1.5Mbefore exit
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal Sold out 1,500,000 $1.5Mbefore exit
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal Sold out 1,470,000 $1.5Mbefore exit
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Sold out 1,000,000 $1.0Mbefore exit
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Sold out 1,000,000 $1.0Mbefore exit
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal Sold out 1,000,000 $1.0Mbefore exit
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal Sold out 1,000,000 $1.0Mbefore exit
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Sold out 1,000,000 $1.0Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Sold out 1,000,000 $1.0Mbefore exit
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal Sold out 1,000,000 $1.0Mbefore exit
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal Sold out 1,000,000 $1.0Mbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Sold out 800,000 $800Kbefore exit
PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal Sold out 500,000 $500Kbefore exit
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal Sold out 500,000 $500Kbefore exit
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Sold out 500,000 $500Kbefore exit
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal Sold out 500,000 $500Kbefore exit
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 10,000 $454K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 617$13.2BWMB, VEA, ET, BIL, KMI
Q1 2026 452$13.7BWMB, ET, BIL, VEA, KMI
Q4 2025 426$12.1BVEA, WMB, KMI, LNG, TRGP
Q3 2025 433$13.8BET, WMB, VEA, KMI, LNG
Q2 2025Amended 419$13.7BET, WMB, VEA, MSFT, KMI
Q1 2025 416$13.1BET, WMB, OKE, TRGP, MSFT
Q4 2024 439$12.8BET, WMB, MSFT, JPM, TRGP
Q3 2024 424$12.9BET, MSFT, WMB, JPM, WES
Q2 2024 412$12.1BET, MSFT, LNG, AAPL, JPM
Q1 2024Amended 414$12.6BET, MSFT, JPM, LNG, OKE