# EDGAR Filing Document

**Accession Number:** 0001767868
**File Stem:** 0001140361-23-006460
**Filing Date:** 2023-2
**Character Count:** 23341
**Document Hash:** 1581b5d42dc14329c2bf4afa7b510830
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-006460.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001140361-23-006460

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inscription Capital, LLC
- **CENTRAL INDEX KEY:** 0001767868
- **IRS NUMBER:** 823605565
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19539
- **FILM NUMBER:** 23621434

**BUSINESS ADDRESS:**
- **STREET 1:** 2925 RICHMOND AVENUE
- **STREET 2:** SUITE 425
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 7136738999

**MAIL ADDRESS:**
- **STREET 1:** 2925 RICHMOND AVENUE
- **STREET 2:** SUITE 425
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Inscription Capital LLC<br>**Address:** 2925 Richmond Avenue<br>Suite 425<br>Houston, TX 77098

**Form 13F File Number:** 028-19539

**CRD Number (if applicable):** 000291780

**SEC File Number (if applicable):** 801-112532

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Anna Amaczi<br>**Title:** Chief Compliance Officer<br>**Phone:** 202-886-9333

**Signature, Place, and Date of Signing:**

/s/ Anna Amaczi  Washington, DC  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 201

**Form 13F Information Table Value Total:** $292262223

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 263386 | 2399 | SH |  | SOLE |  | 2399 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 2381970 | 14739 | SH |  | SOLE |  | 14739 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 930738 | 3488 | SH |  | SOLE |  | 3488 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 233215 | 693 | SH |  | SOLE |  | 693 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 366789 | 7055 | SH |  | SOLE |  | 7055 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1740954 | 19732 | SH |  | SOLE |  | 19732 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2693222 | 30353 | SH |  | SOLE |  | 30353 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 492251 | 10769 | SH |  | SOLE |  | 10769 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2788380 | 33195 | SH |  | SOLE |  | 33195 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1993448 | 9409 | SH |  | SOLE |  | 9409 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1459490 | 5557 | SH |  | SOLE |  | 5557 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 13515496 | 104021 | SH |  | SOLE |  | 104021 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 559181 | 4608 | SH |  | SOLE |  | 4608 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 533722 | 7872 | SH |  | SOLE |  | 7872 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 224363 | 12187 | SH |  | SOLE |  | 12187 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1364685 | 41204 | SH |  | SOLE |  | 41204 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 232935 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 213612 | 840 | SH |  | SOLE |  | 840 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 834339 | 2701 | SH |  | SOLE |  | 2701 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 2013981 | 2842 | SH |  | SOLE |  | 2842 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1388917 | 18721 | SH |  | SOLE |  | 18721 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1179133 | 6190 | SH |  | SOLE |  | 6190 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 667058 | 331 | SH |  | SOLE |  | 331 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 345072 | 4796 | SH |  | SOLE |  | 4796 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 365939 | 4906 | SH |  | SOLE |  | 4906 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1610858 | 6724 | SH |  | SOLE |  | 6724 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 299337 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5723355 | 31887 | SH |  | SOLE |  | 31887 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1029266 | 4666 | SH |  | SOLE |  | 4666 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1708466 | 35862 | SH |  | SOLE |  | 35862 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2236712 | 35163 | SH |  | SOLE |  | 35163 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 333544 | 9538 | SH |  | SOLE |  | 9538 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 592028 | 5017 | SH |  | SOLE |  | 5017 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 362178 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 213210 | 920 | SH |  | SOLE |  | 920 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 298095 | 653 | SH |  | SOLE |  | 653 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 238340 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 518600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 388575 | 1464 | SH |  | SOLE |  | 1464 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 206416 | 3356 | SH |  | SOLE |  | 3356 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 342838 | 1924 | SH |  | SOLE |  | 1924 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 810129 | 5923 | SH |  | SOLE |  | 5923 | 0 | 0 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 182880 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| DIREXION SHS ETF TR | DLY S 2XS | 25459Y165 |  | 219891 | 3108 | SH |  | SOLE |  | 3108 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1156477 | 13311 | SH |  | SOLE |  | 13311 | 0 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 1002655 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 352590 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| EATON VANCE TAX-MANAGED DIVE | COM | 27828N102 |  | 119460 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2754869 | 18926 | SH |  | SOLE |  | 18926 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 7691063 | 318867 | SH |  | SOLE |  | 318867 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1056283 | 8155 | SH |  | SOLE |  | 8155 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 285789 | 872 | SH |  | SOLE |  | 872 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2251547 | 20413 | SH |  | SOLE |  | 20413 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MOMENTUM FACTR | 316092816 |  | 386267 | 9021 | SH |  | SOLE |  | 9021 | 0 | 0 |
| FIRST FINL BANKSHARES INC | COM | 32020R109 |  | 509120 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 403458 | 34691 | SH |  | SOLE |  | 34691 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 781018 | 15975 | SH |  | SOLE |  | 15975 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 248596 | 6542 | SH |  | SOLE |  | 6542 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 561108 | 32775 | SH |  | SOLE |  | 32775 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 182605 | 61900 | SH |  | SOLE |  | 61900 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 216430 | 2583 | SH |  | SOLE |  | 2583 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 547121 | 6525 | SH |  | SOLE |  | 6525 | 0 | 0 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 |  | 1860280 | 45054 | SH |  | SOLE |  | 45054 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 13844432 | 181853 | SH |  | SOLE |  | 181853 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 349147 | 12333 | SH |  | SOLE |  | 12333 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 1158568 | 40256 | SH |  | SOLE |  | 40256 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US | 381430602 |  | 310021 | 5677 | SH |  | SOLE |  | 5677 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2850628 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| GRANITESHARES ETF TR | BBG COMMD K 1 | 38747R108 |  | 1560000 | 69364 | SH |  | SOLE |  | 69364 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 732118 | 3051 | SH |  | SOLE |  | 3051 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 397520 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 354681 | 2501 | SH |  | SOLE |  | 2501 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3379454 | 10699 | SH |  | SOLE |  | 10699 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1446787 | 6751 | SH |  | SOLE |  | 6751 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 308441 | 11670 | SH |  | SOLE |  | 11670 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 250935 | 2446 | SH |  | SOLE |  | 2446 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1500479 | 10650 | SH |  | SOLE |  | 10650 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 475576 | 1786 | SH |  | SOLE |  | 1786 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 3660037 | 105812 | SH |  | SOLE |  | 105812 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 421468 | 9025 | SH |  | SOLE |  | 9025 | 0 | 0 |
| ISHARES S GSCI COMMODITY- | UNIT BEN INT | 46428R107 |  | 4498043 | 211872 | SH |  | SOLE |  | 211872 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1297236 | 12294 | SH |  | SOLE |  | 12294 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 666077 | 6388 | SH |  | SOLE |  | 6388 | 0 | 0 |
| ISHARES TR | INTL TREA BD ETF | 464288117 |  | 9714993 | 248148 | SH |  | SOLE |  | 248148 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 2707932 | 32012 | SH |  | SOLE |  | 32012 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 361793 | 9546 | SH |  | SOLE |  | 9546 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 941631 | 9709 | SH |  | SOLE |  | 9709 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 436925 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1240825 | 13111 | SH |  | SOLE |  | 13111 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 570640 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 227313 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 405990 | 8067 | SH |  | SOLE |  | 8067 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 2241733 | 31092 | SH |  | SOLE |  | 31092 | 0 | 0 |
| ISHARES TR | INTL EQTY FACTOR | 46434V274 |  | 354621 | 14415 | SH |  | SOLE |  | 14415 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 461893 | 7493 | SH |  | SOLE |  | 7493 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 440000 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 8211160 | 72053 | SH |  | SOLE |  | 72053 | 0 | 0 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 285776 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 436024 | 9711 | SH |  | SOLE |  | 9711 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS EUR | 46641Q191 |  | 330722 | 6819 | SH |  | SOLE |  | 6819 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 406587 | 7097 | SH |  | SOLE |  | 7097 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 |  | 229822 | 4696 | SH |  | SOLE |  | 4696 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3841795 | 21748 | SH |  | SOLE |  | 21748 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1208107 | 9009 | SH |  | SOLE |  | 9009 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 246323 | 11630 | SH |  | SOLE |  | 11630 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2445325 | 135250 | SH |  | SOLE |  | 135250 | 0 | 0 |
| LARGO INC | COM | 517097101 |  | 80700 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 285878 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 314257 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| LINDE PLC | SHS | G5494J103 |  | 242026 | 742 | SH |  | SOLE |  | 742 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 375966 | 1887 | SH |  | SOLE |  | 1887 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 507162 | 1583 | SH |  | SOLE |  | 1583 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 271134 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 296291 | 1990 | SH |  | SOLE |  | 1990 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 356609 | 2155 | SH |  | SOLE |  | 2155 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3092225 | 11734 | SH |  | SOLE |  | 11734 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 614299 | 7904 | SH |  | SOLE |  | 7904 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3287670 | 29632 | SH |  | SOLE |  | 29632 | 0 | 0 |
| MERCURY ECOM ACQUISITION COR | CLASS A COM | 589381102 |  | 670950 | 67500 | SH |  | SOLE |  | 67500 | 0 | 0 |
| MERCURY ECOM ACQUISITION COR | *W EXP 07/27/202 | 589381110 |  | 1768 | 35350 | SH |  | SOLE |  | 35350 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 444416 | 3693 | SH |  | SOLE |  | 3693 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7960800 | 33195 | SH |  | SOLE |  | 33195 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 229876 | 3449 | SH |  | SOLE |  | 3449 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 506270 | 15416 | SH |  | SOLE |  | 15416 | 0 | 0 |
| MULLEN AUTOMOTIVE INC | COM | 62526P109 |  | 2860 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 63900P608 |  | 271650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1017328 | 12169 | SH |  | SOLE |  | 12169 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1269577 | 10850 | SH |  | SOLE |  | 10850 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 267366 | 1085 | SH |  | SOLE |  | 1085 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1390671 | 9516 | SH |  | SOLE |  | 9516 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1357800 | 21556 | SH |  | SOLE |  | 21556 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 276850 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 417691 | 5110 | SH |  | SOLE |  | 5110 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3999551 | 22139 | SH |  | SOLE |  | 22139 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 782426 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1021834 | 19942 | SH |  | SOLE |  | 19942 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 793385 | 7839 | SH |  | SOLE |  | 7839 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1323811 | 12719 | SH |  | SOLE |  | 12719 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 346222 | 1516 | SH |  | SOLE |  | 1516 | 0 | 0 |
| PLBY GROUP INC | COM | 72814P109 |  | 44550 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 350122 | 2217 | SH |  | SOLE |  | 2217 | 0 | 0 |
| POLESTAR AUTOMOTIVE HLDG UK | ADS A | 731105201 |  | 62127 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2886921 | 19048 | SH |  | SOLE |  | 19048 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 1003568 | 11152 | SH |  | SOLE |  | 11152 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 726364 | 9994 | SH |  | SOLE |  | 9994 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1107788 | 7081 | SH |  | SOLE |  | 7081 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 326298 | 13041 | SH |  | SOLE |  | 13041 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 2589517 | 25659 | SH |  | SOLE |  | 25659 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 439930 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 487250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 258948 | 1953 | SH |  | SOLE |  | 1953 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 262844 | 2112 | SH |  | SOLE |  | 2112 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 993677 | 13329 | SH |  | SOLE |  | 13329 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1230801 | 9060 | SH |  | SOLE |  | 9060 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 347565 | 4930 | SH |  | SOLE |  | 4930 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 493130 | 8659 | SH |  | SOLE |  | 8659 | 0 | 0 |
| SIGMA LITHIUM CORPORATION | COM | 826599102 |  | 506549 | 17950 | SH |  | SOLE |  | 17950 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 373381 | 5229 | SH |  | SOLE |  | 5229 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 420033 | 12475 | SH |  | SOLE |  | 12475 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1489948 | 8783 | SH |  | SOLE |  | 8783 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 24583368 | 64282 | SH |  | SOLE |  | 64282 | 0 | 0 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 821137 | 8977 | SH |  | SOLE |  | 8977 | 0 | 0 |
| SPDR SER TR | NUVEEN BLMBRG MU | 78468R721 |  | 238745 | 5233 | SH |  | SOLE |  | 5233 | 0 | 0 |
| SPDR SER TR | ICE PFD SEC ETF | 78464A292 |  | 496928 | 15141 | SH |  | SOLE |  | 15141 | 0 | 0 |
| SPDR SER TR | PORTFLI HIGH YLD | 78468R606 |  | 745135 | 33354 | SH |  | SOLE |  | 33354 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1692292 | 17059 | SH |  | SOLE |  | 17059 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 |  | 1044652 | 35460 | SH |  | SOLE |  | 35460 | 0 | 0 |
| SUMMIT THERAPEUTICS INC | COM | 86627T108 |  | 72250 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 299595 | 9442 | SH |  | SOLE |  | 9442 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 2179696 | 14625 | SH |  | SOLE |  | 14625 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 398118 | 3232 | SH |  | SOLE |  | 3232 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 764969 | 4630 | SH |  | SOLE |  | 4630 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 882773 | 1603 | SH |  | SOLE |  | 1603 | 0 | 0 |
| THIRD COAST BANCSHARES INC | COM | 88422P109 |  | 1220269 | 66211 | SH |  | SOLE |  | 66211 | 0 | 0 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 136800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 232596 | 1241 | SH |  | SOLE |  | 1241 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 613869 | 1904 | SH |  | SOLE |  | 1904 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 789972 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| UNITED STS NAT GAS FD LP | UNIT PAR | 912318300 |  | 366600 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2813788 | 5307 | SH |  | SOLE |  | 5307 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 440351 | 10097 | SH |  | SOLE |  | 10097 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 293884 | 2317 | SH |  | SOLE |  | 2317 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 203991 | 7118 | SH |  | SOLE |  | 7118 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 10883126 | 151491 | SH |  | SOLE |  | 151491 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 601232 | 12676 | SH |  | SOLE |  | 12676 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 440932 | 1255 | SH |  | SOLE |  | 1255 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 442424 | 3330 | SH |  | SOLE |  | 3330 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2908277 | 15211 | SH |  | SOLE |  | 15211 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 315575 | 8096 | SH |  | SOLE |  | 8096 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 17135917 | 198816 | SH |  | SOLE |  | 198816 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | TOTAL WLD BD ETF | 92206C565 |  | 867991 | 12945 | SH |  | SOLE |  | 12945 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 545062 | 12987 | SH |  | SOLE |  | 12987 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 980046 | 3951 | SH |  | SOLE |  | 3951 | 0 | 0 |
| VERITEX HLDGS INC | COM | 923451108 |  | 1958075 | 69732 | SH |  | SOLE |  | 69732 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 665781 | 16898 | SH |  | SOLE |  | 16898 | 0 | 0 |
| VERTEX ENERGY INC | COM | 92534K107 |  | 551800 | 89000 | SH |  | SOLE |  | 89000 | 0 | 0 |
| VIPER ENERGY PARTNERS LP | COM UNT RP INT | 92763M105 |  | 321996 | 10129 | SH |  | SOLE |  | 10129 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1671444 | 8045 | SH |  | SOLE |  | 8045 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 309473 | 8284 | SH |  | SOLE |  | 8284 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3963881 | 27956 | SH |  | SOLE |  | 27956 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 215475 | 881 | SH |  | SOLE |  | 881 | 0 | 0 |

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