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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | $14.1M | 141506 | 7.29% |
| 2 | APPLE INC | $13.7M | 54089 | 7.11% |
| 3 | TEXAS PACIFIC LAND CORPORATI | $10.7M | 22516 | 5.53% |
| 4 | ALPHABET INC | $6.7M | 23343 | 3.48% |
| 5 | ALPHABET INC | $6.6M | 23087 | 3.43% |
| 6 | JOHNSON & JOHNSON | $6.3M | 25675 | 3.25% |
| 7 | ALTRIA GROUP INC | $5.3M | 78755 | 2.74% |
| 8 | CME GROUP INC | $5.2M | 17481 | 2.67% |
| 9 | LANDBRIDGE COMPANY LLC | $4.6M | 67238 | 2.40% |
| 10 | J P MORGAN EXCHANGE TRADED F | $4.4M | 87224 | 2.29% |
| 11 | ISHARES TR | $4.4M | 46222 | 2.28% |
| 12 | CBOE GLOBAL MKTS INC | $4.3M | 15265 | 2.22% |
| 13 | ABBVIE INC | $3.8M | 17605 | 1.98% |
| 14 | HERSHEY CO | $3.3M | 15998 | 1.72% |
| 15 | NASDAQ INC | $3.0M | 35835 | 1.58% |
| 16 | CASEYS GEN STORES INC | $3.0M | 4062 | 1.53% |
| 17 | BROADSTONE NET LEASE INC | $2.9M | 156570 | 1.51% |
| 18 | CATERPILLAR INC | $2.9M | 4066 | 1.49% |
| 19 | INTERCONTINENTAL EXCHANGE IN | $2.9M | 18258 | 1.49% |
| 20 | ISHARES TR | $2.8M | 15285 | 1.44% |
| 21 | TJX COS INC NEW | $2.8M | 17227 | 1.42% |
| 22 | ISHARES BITCOIN TRUST ETF | $2.7M | 70670 | 1.41% |
| 23 | BRISTOL-MYERS SQUIBB CO | $2.7M | 44650 | 1.40% |
| 24 | J P MORGAN EXCHANGE TRADED F | $2.5M | 53065 | 1.30% |
| 25 | MCDONALDS CORP | $2.4M | 7633 | 1.23% |
| 26 | PFIZER INC | $2.3M | 81378 | 1.18% |
| 27 | JPMORGAN CHASE & CO | $2.3M | 7724 | 1.18% |
| 28 | ENTERPRISE PRODS PARTNERS L | $2.2M | 59339 | 1.16% |
| 29 | AMAZON COM INC | $2.2M | 10327 | 1.11% |
| 30 | WATERBRIDGE INFRASTRUCTURE L | $1.9M | 71097 | 0.99% |
| 31 | KAYNE ANDERSON ENERGY INFRST | $1.8M | 127245 | 0.94% |
| 32 | COCA COLA CO | $1.7M | 22532 | 0.89% |
| 33 | MICROSOFT CORP | $1.7M | 4545 | 0.87% |
| 34 | STRATEGY INC | $1.6M | 12941 | 0.84% |
| 35 | CHEVRON CORPORATION | $1.6M | 7777 | 0.83% |
| 36 | HAWAIIAN ELEC INDS INC MTN B | $1.6M | 107987 | 0.83% |
| 37 | DANAHER CORP DEL | $1.5M | 8070 | 0.79% |
| 38 | TRACTOR SUPPLY CO | $1.5M | 33420 | 0.78% |
| 39 | QUANTA SVCS INC | $1.5M | 2692 | 0.77% |
| 40 | PALANTIR TECHNOLOGIES INC | $1.5M | 10091 | 0.76% |
| 41 | PERMIAN BASIN RTY TR | $1.5M | 68298 | 0.76% |
| 42 | EMERSON ELEC CO | $1.4M | 10335 | 0.70% |
| 43 | WINMARK CORP | $1.3M | 3064 | 0.68% |
| 44 | KINDER MORGAN INC DEL | $1.3M | 38475 | 0.67% |
| 45 | LOCKHEED MARTIN CORP | $1.2M | 2006 | 0.63% |
| 46 | AMERICAN EXPRESS CO | $1.2M | 3961 | 0.62% |
| 47 | WILLIAMS COS INC | $1.1M | 15250 | 0.57% |
| 48 | BOEING CO | $1.1M | 5505 | 0.57% |
| 49 | CISCO SYS INC | $1.1M | 14104 | 0.57% |
| 50 | INTERNATIONAL BUSINESS MACHS | $1.1M | 4435 | 0.56% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.