# EDGAR Filing Document

**Accession Number:** 0001766509
**File Stem:** 0001766509-23-000001
**Filing Date:** 2023-1
**Character Count:** 18717
**Document Hash:** cc58f45ea90e7d390725cd218bdc5942
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001766509-23-000001.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001766509-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORTEM FINANCIAL GROUP, LLC
- **CENTRAL INDEX KEY:** 0001766509
- **IRS NUMBER:** 823473446
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19346
- **FILM NUMBER:** 23531201

**BUSINESS ADDRESS:**
- **STREET 1:** 44801 VILLAGE COURT #201
- **CITY:** PALM DESERT
- **STATE:** CA
- **ZIP:** 92260
- **BUSINESS PHONE:** 760-206-8500

**MAIL ADDRESS:**
- **STREET 1:** 44801 VILLAGE COURT #201
- **CITY:** PALM DESERT
- **STATE:** CA
- **ZIP:** 92260

### 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:** FORTEM FINANCIAL GROUP LLC<br>**Address:** 44801 Village Court #201<br>Palm Desert, CA 92260

**Form 13F File Number:** 028-19346

**CRD Number (if applicable):** 000291662

**SEC File Number (if applicable):** 801-112300

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:** Brett D'Orlando<br>**Title:** Chief Compliance Officer<br>**Phone:** 760-206-8500

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

/s/ Brett D'Orlando  Palm Desert, CA  01-17-2023<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:** 155

**Form 13F Information Table Value Total:** $170582924

      (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 |  | 1041468 | 9486 | SH |  | SOLE |  | 0 | 0 | 9486 |
| ABBVIE INC | COM | 00287Y109 |  | 2011865 | 12449 | SH |  | SOLE |  | 0 | 0 | 12449 |
| ADVISORS INNER CIRCLE FD III | STRATEGAS MACRO | 00775Y645 |  | 2606743 | 112846 | SH |  | SOLE |  | 0 | 0 | 112846 |
| AES CORP | COM | 00130H105 |  | 2408276 | 83737 | SH |  | SOLE |  | 0 | 0 | 83737 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 276319 | 6435 | SH |  | SOLE |  | 0 | 0 | 6435 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 2105734 | 179059 | SH |  | SOLE |  | 0 | 0 | 179059 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 423987 | 4028 | SH |  | SOLE |  | 0 | 0 | 4028 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 585847 | 6640 | SH |  | SOLE |  | 0 | 0 | 6640 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 288494 | 7578 | SH |  | SOLE |  | 0 | 0 | 7578 |
| AMAZON COM INC | COM | 023135106 |  | 365400 | 4350 | SH |  | SOLE |  | 0 | 0 | 4350 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 212751 | 2241 | SH |  | SOLE |  | 0 | 0 | 2241 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 316200 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 601086 | 5846 | SH |  | SOLE |  | 0 | 0 | 5846 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 1153434 | 54717 | SH |  | SOLE |  | 0 | 0 | 54717 |
| AON PLC | SHS CL A | G0403H108 |  | 256019 | 853 | SH |  | SOLE |  | 0 | 0 | 853 |
| APA CORPORATION | COM | 03743Q108 |  | 546996 | 11718 | SH |  | SOLE |  | 0 | 0 | 11718 |
| APPLE INC | COM | 037833100 |  | 3476319 | 26755 | SH |  | SOLE |  | 0 | 0 | 26755 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1637688 | 17638 | SH |  | SOLE |  | 0 | 0 | 17638 |
| AUTOZONE INC | COM | 053332102 |  | 271280 | 110 | SH |  | SOLE |  | 0 | 0 | 110 |
| BANK AMERICA CORP | COM | 060505104 |  | 566023 | 17090 | SH |  | SOLE |  | 0 | 0 | 17090 |
| BENSON HILL INC | COMMON STOCK | 082490103 |  | 1072275 | 420500 | SH |  | SOLE |  | 0 | 0 | 420500 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 473235 | 1532 | SH |  | SOLE |  | 0 | 0 | 1532 |
| BERRY GLOBAL GROUP INC | COM | 08579W103 |  | 410441 | 6792 | SH |  | SOLE |  | 0 | 0 | 6792 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 235410 | 11120 | SH |  | SOLE |  | 0 | 0 | 11120 |
| BOEING CO | COM | 097023105 |  | 374694 | 1967 | SH |  | SOLE |  | 0 | 0 | 1967 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1311936 | 18234 | SH |  | SOLE |  | 0 | 0 | 18234 |
| BROADCOM INC | COM | 11135F101 |  | 2975158 | 5321 | SH |  | SOLE |  | 0 | 0 | 5321 |
| CALLON PETE CO DEL | COM | 13123X508 |  | 673184 | 18150 | SH |  | SOLE |  | 0 | 0 | 18150 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 204271 | 2197 | SH |  | SOLE |  | 0 | 0 | 2197 |
| CARVER BANCORP INC | COM NEW | 146875604 |  | 73980 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| CATERPILLAR INC | COM | 149123101 |  | 784566 | 3275 | SH |  | SOLE |  | 0 | 0 | 3275 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 1387573 | 11059 | SH |  | SOLE |  | 0 | 0 | 11059 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1032316 | 34422 | SH |  | SOLE |  | 0 | 0 | 34422 |
| CHEMOURS CO | COM | 163851108 |  | 1363937 | 44544 | SH |  | SOLE |  | 0 | 0 | 44544 |
| CHEVRON CORP NEW | COM | 166764100 |  | 571290 | 3183 | SH |  | SOLE |  | 0 | 0 | 3183 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 437792 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| CISCO SYS INC | COM | 17275R102 |  | 203291 | 4267 | SH |  | SOLE |  | 0 | 0 | 4267 |
| CITIGROUP INC | COM NEW | 172967424 |  | 428826 | 9481 | SH |  | SOLE |  | 0 | 0 | 9481 |
| COCA COLA CO | COM | 191216100 |  | 1169979 | 18393 | SH |  | SOLE |  | 0 | 0 | 18393 |
| COPART INC | COM | 217204106 |  | 516713 | 8486 | SH |  | SOLE |  | 0 | 0 | 8486 |
| CORNING INC | COM | 219350105 |  | 411547 | 12885 | SH |  | SOLE |  | 0 | 0 | 12885 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 836780 | 1833 | SH |  | SOLE |  | 0 | 0 | 1833 |
| CUMMINS INC | COM | 231021106 |  | 200447 | 827 | SH |  | SOLE |  | 0 | 0 | 827 |
| CVS HEALTH CORP | COM | 126650100 |  | 1578131 | 16935 | SH |  | SOLE |  | 0 | 0 | 16935 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 561481 | 4059 | SH |  | SOLE |  | 0 | 0 | 4059 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 470319 | 11694 | SH |  | SOLE |  | 0 | 0 | 11694 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 993448 | 16151 | SH |  | SOLE |  | 0 | 0 | 16151 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1157130 | 8460 | SH |  | SOLE |  | 0 | 0 | 8460 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 504314 | 5155 | SH |  | SOLE |  | 0 | 0 | 5155 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 616730 | 4164 | SH |  | SOLE |  | 0 | 0 | 4164 |
| EMERSON ELEC CO | COM | 291011104 |  | 2030804 | 21141 | SH |  | SOLE |  | 0 | 0 | 21141 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 2814594 | 237118 | SH |  | SOLE |  | 0 | 0 | 237118 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 668891 | 27732 | SH |  | SOLE |  | 0 | 0 | 27732 |
| EOG RES INC | COM | 26875P101 |  | 989274 | 7638 | SH |  | SOLE |  | 0 | 0 | 7638 |
| FEDEX CORP | COM | 31428X106 |  | 480803 | 2776 | SH |  | SOLE |  | 0 | 0 | 2776 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 |  | 988202 | 26268 | SH |  | SOLE |  | 0 | 0 | 26268 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 5028743 | 84602 | SH |  | SOLE |  | 0 | 0 | 84602 |
| FORD MTR CO DEL | COM | 345370860 |  | 284668 | 24477 | SH |  | SOLE |  | 0 | 0 | 24477 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1117487 | 4504 | SH |  | SOLE |  | 0 | 0 | 4504 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 205621 | 2454 | SH |  | SOLE |  | 0 | 0 | 2454 |
| GENERAL MTRS CO | COM | 37045V100 |  | 686862 | 20418 | SH |  | SOLE |  | 0 | 0 | 20418 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 750930 | 8747 | SH |  | SOLE |  | 0 | 0 | 8747 |
| HALLIBURTON CO | COM | 406216101 |  | 596153 | 15150 | SH |  | SOLE |  | 0 | 0 | 15150 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 543246 | 7164 | SH |  | SOLE |  | 0 | 0 | 7164 |
| HASBRO INC | COM | 418056107 |  | 386254 | 6331 | SH |  | SOLE |  | 0 | 0 | 6331 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 654611 | 2728 | SH |  | SOLE |  | 0 | 0 | 2728 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 529340 | 33167 | SH |  | SOLE |  | 0 | 0 | 33167 |
| HOME DEPOT INC | COM | 437076102 |  | 295848 | 937 | SH |  | SOLE |  | 0 | 0 | 937 |
| HP INC | COM | 40434L105 |  | 296019 | 11017 | SH |  | SOLE |  | 0 | 0 | 11017 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1717521 | 121810 | SH |  | SOLE |  | 0 | 0 | 121810 |
| IDACORP INC | COM | 451107106 |  | 908960 | 8428 | SH |  | SOLE |  | 0 | 0 | 8428 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 418685 | 12569 | SH |  | SOLE |  | 0 | 0 | 12569 |
| INVESCO ACTIVELY MANAGED ETF | TOTAL RETURN | 46090A804 |  | 1720319 | 37020 | SH |  | SOLE |  | 0 | 0 | 37020 |
| INVESCO EXCHANGE TRADED FD T | S EQL REL | 46137V290 |  | 2463844 | 80125 | SH |  | SOLE |  | 0 | 0 | 80125 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1623243 | 6096 | SH |  | SOLE |  | 0 | 0 | 6096 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 574819 | 18828 | SH |  | SOLE |  | 0 | 0 | 18828 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 386589 | 3517 | SH |  | SOLE |  | 0 | 0 | 3517 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 334569 | 6140 | SH |  | SOLE |  | 0 | 0 | 6140 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 248013 | 1404 | SH |  | SOLE |  | 0 | 0 | 1404 |
| JPMORGAN CHASE  CO | ALERIAN ML ETN | 46625H365 |  | 9706699 | 446285 | SH |  | SOLE |  | 0 | 0 | 446285 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1885056 | 14057 | SH |  | SOLE |  | 0 | 0 | 14057 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 426688 | 23600 | SH |  | SOLE |  | 0 | 0 | 23600 |
| KLA CORP | COM NEW | 482480100 |  | 1552233 | 4117 | SH |  | SOLE |  | 0 | 0 | 4117 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 883992 | 3754 | SH |  | SOLE |  | 0 | 0 | 3754 |
| LAM RESEARCH CORP | COM | 512807108 |  | 825890 | 1965 | SH |  | SOLE |  | 0 | 0 | 1965 |
| LILLY ELI  CO | COM | 532457108 |  | 1089200 | 2977 | SH |  | SOLE |  | 0 | 0 | 2977 |
| LITHIUM AMERS CORP NEW | COM NEW | 53680Q207 |  | 324803 | 17140 | SH |  | SOLE |  | 0 | 0 | 17140 |
| LKQ CORP | COM | 501889208 |  | 868460 | 16260 | SH |  | SOLE |  | 0 | 0 | 16260 |
| LOWES COS INC | COM | 548661107 |  | 286725 | 1439 | SH |  | SOLE |  | 0 | 0 | 1439 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 848733 | 10222 | SH |  | SOLE |  | 0 | 0 | 10222 |
| MARATHON OIL CORP | COM | 565849106 |  | 2164158 | 79947 | SH |  | SOLE |  | 0 | 0 | 79947 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 925979 | 6880 | SH |  | SOLE |  | 0 | 0 | 6880 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 477781 | 1374 | SH |  | SOLE |  | 0 | 0 | 1374 |
| MCDONALDS CORP | COM | 580135101 |  | 420773 | 1597 | SH |  | SOLE |  | 0 | 0 | 1597 |
| MCKESSON CORP | COM | 58155Q103 |  | 235200 | 627 | SH |  | SOLE |  | 0 | 0 | 627 |
| MERCK  CO INC | COM | 58933Y105 |  | 2326606 | 20970 | SH |  | SOLE |  | 0 | 0 | 20970 |
| META PLATFORMS INC | CL A | 30303M102 |  | 519748 | 4319 | SH |  | SOLE |  | 0 | 0 | 4319 |
| METLIFE INC | COM | 59156R108 |  | 644382 | 8904 | SH |  | SOLE |  | 0 | 0 | 8904 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 233441 | 3323 | SH |  | SOLE |  | 0 | 0 | 3323 |
| MICROSOFT CORP | COM | 594918104 |  | 2556984 | 10662 | SH |  | SOLE |  | 0 | 0 | 10662 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 343676 | 4042 | SH |  | SOLE |  | 0 | 0 | 4042 |
| MOSAIC CO NEW | COM | 61945C103 |  | 466777 | 10640 | SH |  | SOLE |  | 0 | 0 | 10640 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1266934 | 38579 | SH |  | SOLE |  | 0 | 0 | 38579 |
| NETAPP INC | COM | 64110D104 |  | 368648 | 6138 | SH |  | SOLE |  | 0 | 0 | 6138 |
| NORDIC AMERICAN TANKERS LIMI | COM | G65773106 |  | 59211 | 19350 | SH |  | SOLE |  | 0 | 0 | 19350 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 308815 | 566 | SH |  | SOLE |  | 0 | 0 | 566 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 875539 | 9651 | SH |  | SOLE |  | 0 | 0 | 9651 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 733045 | 23037 | SH |  | SOLE |  | 0 | 0 | 23037 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1592411 | 10896 | SH |  | SOLE |  | 0 | 0 | 10896 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 2509459 | 39839 | SH |  | SOLE |  | 0 | 0 | 39839 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 398479 | 7527 | SH |  | SOLE |  | 0 | 0 | 7527 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 1149472 | 41126 | SH |  | SOLE |  | 0 | 0 | 41126 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1033453 | 12670 | SH |  | SOLE |  | 0 | 0 | 12670 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 2631903 | 56906 | SH |  | SOLE |  | 0 | 0 | 56906 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2276921 | 22497 | SH |  | SOLE |  | 0 | 0 | 22497 |
| PHILLIPS 66 | COM | 718546104 |  | 1234701 | 11863 | SH |  | SOLE |  | 0 | 0 | 11863 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 1063739 | 90454 | SH |  | SOLE |  | 0 | 0 | 90454 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 978912 | 6198 | SH |  | SOLE |  | 0 | 0 | 6198 |
| PRINCIPAL EXCHANGE TRADED FD | PRIN HLTHCRE INV | 74255Y409 |  | 2802691 | 83339 | SH |  | SOLE |  | 0 | 0 | 83339 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1014453 | 16557 | SH |  | SOLE |  | 0 | 0 | 16557 |
| QUANTA SVCS INC | COM | 74762E102 |  | 347700 | 2440 | SH |  | SOLE |  | 0 | 0 | 2440 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 1988340 | 19702 | SH |  | SOLE |  | 0 | 0 | 19702 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 590900 | 819 | SH |  | SOLE |  | 0 | 0 | 819 |
| RELIANCE STEEL  ALUMINUM CO | COM | 759509102 |  | 258111 | 1275 | SH |  | SOLE |  | 0 | 0 | 1275 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 899827 | 110138 | SH |  | SOLE |  | 0 | 0 | 110138 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 4549421 | 133024 | SH |  | SOLE |  | 0 | 0 | 133024 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 4867913 | 35833 | SH |  | SOLE |  | 0 | 0 | 35833 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 4221573 | 48263 | SH |  | SOLE |  | 0 | 0 | 48263 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 3787280 | 48755 | SH |  | SOLE |  | 0 | 0 | 48755 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 295502 | 1245 | SH |  | SOLE |  | 0 | 0 | 1245 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2315061 | 19706 | SH |  | SOLE |  | 0 | 0 | 19706 |
| SKYWATER TECHNOLOGY INC | COM | 83089J108 |  | 995400 | 140000 | SH |  | SOLE |  | 0 | 0 | 140000 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 |  | 195975 | 33500 | SH |  | SOLE |  | 0 | 0 | 33500 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 792395 | 2072 | SH |  | SOLE |  | 0 | 0 | 2072 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 438362 | 990 | SH |  | SOLE |  | 0 | 0 | 990 |
| SPDR SER TR | S METALS MNG | 78464A755 |  | 4406284 | 88462 | SH |  | SOLE |  | 0 | 0 | 88462 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 289339 | 15785 | SH |  | SOLE |  | 0 | 0 | 15785 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1232874 | 37519 | SH |  | SOLE |  | 0 | 0 | 37519 |
| TARGET CORP | COM | 87612E106 |  | 1024035 | 6871 | SH |  | SOLE |  | 0 | 0 | 6871 |
| TESLA INC | COM | 88160R101 |  | 769382 | 6246 | SH |  | SOLE |  | 0 | 0 | 6246 |
| TEXAS INSTRS INC | COM | 882508104 |  | 278850 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 807553 | 177095 | SH |  | SOLE |  | 0 | 0 | 177095 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 423368 | 11631 | SH |  | SOLE |  | 0 | 0 | 11631 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 398469 | 2125 | SH |  | SOLE |  | 0 | 0 | 2125 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 336099 | 4241 | SH |  | SOLE |  | 0 | 0 | 4241 |
| UGI CORP NEW | COM | 902681105 |  | 1160550 | 31307 | SH |  | SOLE |  | 0 | 0 | 31307 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 997668 | 5739 | SH |  | SOLE |  | 0 | 0 | 5739 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 507382 | 957 | SH |  | SOLE |  | 0 | 0 | 957 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1012343 | 7980 | SH |  | SOLE |  | 0 | 0 | 7980 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1469377 | 8435 | SH |  | SOLE |  | 0 | 0 | 8435 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 451855 | 10943 | SH |  | SOLE |  | 0 | 0 | 10943 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 386345 | 14389 | SH |  | SOLE |  | 0 | 0 | 14389 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 610762 | 19702 | SH |  | SOLE |  | 0 | 0 | 19702 |
| WHIRLPOOL CORP | COM | 963320106 |  | 527080 | 3726 | SH |  | SOLE |  | 0 | 0 | 3726 |
| XPO INC | COM | 983793100 |  | 708744 | 21290 | SH |  | SOLE |  | 0 | 0 | 21290 |

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