# EDGAR Filing Document

**Accession Number:** 0001621802
**File Stem:** 0000919574-26-001178
**Filing Date:** 2026-2
**Character Count:** 19827
**Document Hash:** 3fb4a75643b5208d91a08f6708278905
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-001178.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000919574-26-001178

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INFRASTRUCTURE CAPITAL ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0001621802

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17986
- **FILM NUMBER:** 26640528

**BUSINESS ADDRESS:**
- **STREET 1:** 1325 AVENUE OF THE AMERICAS
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-763-8336

**MAIL ADDRESS:**
- **STREET 1:** 1325 AVENUE OF THE AMERICAS
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** INFRASTRUCTURE CAPITAL ADVISORS LLC<br>**Address:** 1325 Avenue Of The Americas<br>28th Floor<br>New York, NY 10019

**Form 13F File Number:** 028-17986

**CRD Number (if applicable):** 000166459

**SEC File Number (if applicable):** 801-79940

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:** Samuel Caffrey-Agoglia<br>**Title:** General Counsel Chief Compliance Officer<br>**Phone:** 212-763-8335

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

/s/ Samuel Caffrey-Agoglia  New York, NY  02-17-2026<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:** 1

**Form 13F Information Table Entry Total:** 161

**Form 13F Information Table Value Total:** $1034059744

      (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.]

| No.   | Name                           | Form 13F File Number   |
|:---|:---|:---|
|  | Virtus Investment Advisers LLC | 028-00085              |

### 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 |
| ADVANSIX INC | COM | 00773T101 |  | 220869 | 12767 | SH |  | SOLE |  | 12767 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 390304 | 36409 | SH |  | SOLE |  | 36409 | 0 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 2683240 | 45180 | SH |  | OTR | 1 | 0 | 45180 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 163848 | 26642 | SH |  | OTR | 1 | 0 | 26642 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 920802 | 14164 | SH |  | SOLE |  | 14164 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3894856 | 16874 | SH |  | SOLE |  | 16874 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 645897 | 8553 | SH |  | SOLE |  | 8553 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 3505798 | 24218 | SH |  | SOLE |  | 24218 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 579040 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 58019750 | 768270 | SH |  | OTR | 1 | 0 | 768270 | 0 |
| APPLE INC | COM | 037833100 |  | 220479 | 811 | SH |  | SOLE |  | 811 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 17623418 | 349671 | SH |  | OTR | 1 | 0 | 349671 | 0 |
| AT INC | COM | 00206R102 |  | 311841 | 12554 | SH |  | SOLE |  | 12554 | 0 | 0 |
| AVIENT CORPORATION | COM | 05368V106 |  | 258667 | 8280 | SH |  | SOLE |  | 8280 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 306130 | 5566 | SH |  | SOLE |  | 5566 | 0 | 0 |
| BANK OF NT BUTTERFIELD L | SHS NEW | G0772R208 |  | 643276 | 12912 | SH |  | SOLE |  | 12912 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1308032 | 8486 | SH |  | SOLE |  | 8486 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 28543258 | 413311 | SH |  | OTR | 1 | 0 | 413311 | 0 |
| BRAEMAR HOTELS  RESORTS INC | 5.5 CUM CV PFD B | 10482B200 |  | 8042200 | 543025 | SH |  | OTR | 1 | 0 | 543025 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 557980 | 194418 | SH |  | SOLE |  | 194418 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 944853 | 2730 | SH |  | SOLE |  | 2730 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 1236840 | 18329 | SH |  | SOLE |  | 18329 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 643354 | 1164 | SH |  | SOLE |  | 1164 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1775324 | 3099 | SH |  | SOLE |  | 3099 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 2876817 | 62895 | SH |  | SOLE |  | 62895 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 13732856 | 66590 | SH |  | OTR | 1 | 0 | 66590 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 22851128 | 117553 | SH |  | OTR | 1 | 0 | 117553 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 291779 | 1501 | SH |  | SOLE |  | 1501 | 0 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 8459199 | 158175 | SH |  | OTR | 1 | 0 | 158175 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2165899 | 14211 | SH |  | SOLE |  | 14211 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 494925 | 5339 | SH |  | SOLE |  | 5339 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 736012 | 9606 | SH |  | SOLE |  | 9606 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2233447 | 19140 | SH |  | SOLE |  | 19140 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 2612329 | 44724 | SH |  | SOLE |  | 44724 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 412399 | 5899 | SH |  | SOLE |  | 5899 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 615677 | 23392 | SH |  | SOLE |  | 23392 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 697985 | 7854 | SH |  | SOLE |  | 7854 | 0 | 0 |
| DELEK LOGISTICS PARTNERS LP | COM UNT RP INT | 24664T103 |  | 6821506 | 152880 | SH |  | OTR | 1 | 0 | 152880 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 574129 | 3711 | SH |  | SOLE |  | 3711 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 427304 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 689288 | 6133 | SH |  | SOLE |  | 6133 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 1545755 | 25754 | SH |  | SOLE |  | 25754 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 216011 | 201 | SH |  | SOLE |  | 201 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 49920457 | 3027317 | SH |  | OTR | 1 | 0 | 3027317 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 42984189 | 1340742 | SH |  | OTR | 1 | 0 | 1340742 | 0 |
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 |  | 3635460 | 121506 | SH |  | OTR | 1 | 0 | 121506 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 440014 | 31340 | SH |  | SOLE |  | 31340 | 0 | 0 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 |  | 6232708 | 289221 | SH |  | SOLE |  | 289221 | 0 | 0 |
| ETFIS SER TR I | INFRAC ACT MLP | 26923G772 |  | 1532470 | 38787 | SH |  | SOLE |  | 38787 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 732630 | 6088 | SH |  | SOLE |  | 6088 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 786408 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 538917 | 2063 | SH |  | SOLE |  | 2063 | 0 | 0 |
| FLAGSTAR BANK NATIONAL ASSOC | UNIT 05/07/2051 | 64944P307 |  | 41406293 | 1033865 | SH |  | OTR | 1 | 0 | 1033865 | 0 |
| FLAGSTAR BANK NATIONAL ASSOC | UNIT 05/07/2051 | 64944P307 |  | 716044 | 17864 | SH |  | SOLE |  | 17864 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3261886 | 64223 | SH |  | SOLE |  | 64223 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 849641 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 9630707 | 617353 | SH |  | OTR | 1 | 0 | 617353 | 0 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 247950 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| GLOBAL NET LEASE INC | COM NEW | 379378201 |  | 4789401 | 556907 | SH |  | SOLE |  | 556907 | 0 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 4506450 | 107681 | SH |  | OTR | 1 | 0 | 107681 | 0 |
| GODADDY INC | CL A | 380237107 |  | 241956 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 714898 | 813 | SH |  | SOLE |  | 813 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 491290 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 47645052 | 1381016 | SH |  | OTR | 1 | 0 | 1381016 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 73359 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 4360059 | 65378 | SH |  | OTR | 1 | 0 | 65378 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1277840 | 6550 | SH |  | SOLE |  | 6550 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 273827 | 1572 | SH |  | SOLE |  | 1572 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 347454 | 1173 | SH |  | SOLE |  | 1173 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 15357750 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 448996 | 1824 | SH |  | SOLE |  | 1824 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2461600 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1652703 | 7986 | SH |  | SOLE |  | 7986 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2350468 | 136259 | SH |  | SOLE |  | 136259 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 |  | 1986140 | 53148 | SH |  | SOLE |  | 53148 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 16809035 | 611460 | SH |  | OTR | 1 | 0 | 611460 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 9020503 | 250222 | SH |  | OTR | 1 | 0 | 250222 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 302820 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| KKR  CO INC | 6.25 CON SER D | 48251W500 |  | 56546813 | 1090795 | SH |  | OTR | 1 | 0 | 1090795 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 509920 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| KKR  CO INC | 6.25 CON SER D | 48251W500 |  | 1357284 | 26181 | SH |  | SOLE |  | 26181 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 4327436 | 33946 | SH |  | SOLE |  | 33946 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1103181 | 45492 | SH |  | SOLE |  | 45492 | 0 | 0 |
| LAZARD INC | COM | 52110M109 |  | 310638 | 6397 | SH |  | SOLE |  | 6397 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 248607 | 514 | SH |  | SOLE |  | 514 | 0 | 0 |
| LXP INDUSTRIAL TRUST | PFD CONV SER C | 529043309 |  | 2527622 | 53665 | SH |  | OTR | 1 | 0 | 53665 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 510245 | 26342 | SH |  | SOLE |  | 26342 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1035204 | 5138 | SH |  | SOLE |  | 5138 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 4560958 | 28045 | SH |  | OTR | 1 | 0 | 28045 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 4603961 | 54177 | SH |  | SOLE |  | 54177 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3645249 | 11927 | SH |  | SOLE |  | 11927 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1579847 | 15009 | SH |  | SOLE |  | 15009 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3450290 | 5227 | SH |  | SOLE |  | 5227 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 605493 | 1252 | SH |  | SOLE |  | 1252 | 0 | 0 |
| MKS INC. | COM | 55306N104 |  | 570806 | 3572 | SH |  | SOLE |  | 3572 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 215699 | 1215 | SH |  | SOLE |  | 1215 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN | COM SHS | 61774A103 |  | 164816 | 10001 | SH |  | SOLE |  | 10001 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1476428 | 27664 | SH |  | SOLE |  | 27664 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 53920778 | 1010320 | SH |  | OTR | 1 | 0 | 1010320 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 485732 | 6997 | SH |  | SOLE |  | 6997 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 3211 | 40 | SH |  | OTR | 1 | 0 | 40 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2810683 | 35011 | SH |  | SOLE |  | 35011 | 0 | 0 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 |  | 790701 | 16917 | SH |  | SOLE |  | 16917 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 483276 | 7488 | SH |  | SOLE |  | 7488 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 456010 | 4472 | SH |  | SOLE |  | 4472 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1292216 | 6929 | SH |  | SOLE |  | 6929 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 445321 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 10532256 | 143296 | SH |  | OTR | 1 | 0 | 143296 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 194910 | 1000 | SH | Call | SOLE |  | 1000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 195105 | 1001 | SH |  | SOLE |  | 1001 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 121897 | 17001 | SH |  | SOLE |  | 17001 | 0 | 0 |
| OTTER TAIL CORP | COM | 689648103 |  | 475486 | 5884 | SH |  | SOLE |  | 5884 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 209190 | 19999 | SH |  | SOLE |  | 19999 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | 6.3 CUM PFD SR F | 70509V704 |  | 16163334 | 848469 | SH |  | OTR | 1 | 0 | 848469 | 0 |
| PEBBLEBROOK HOTEL TR | 6.375 PFD SER E | 70509V605 |  | 3278841 | 171847 | SH |  | OTR | 1 | 0 | 171847 | 0 |
| PEBBLEBROOK HOTEL TR | 6.375 PFD SER E | 70509V605 |  | 93225 | 4886 | SH |  | SOLE |  | 4886 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 2021623 | 14086 | SH |  | SOLE |  | 14086 | 0 | 0 |
| PG CORP | PFD CONV SER A | 69331C306 |  | 254651 | 6211 | SH |  | OTR | 1 | 0 | 6211 | 0 |
| PG CORP | PFD CONV SER A | 69331C306 |  | 551266 | 13444 | SH |  | SOLE |  | 13444 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2462461 | 15352 | SH |  | SOLE |  | 15352 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 5634790 | 43667 | SH |  | OTR | 1 | 0 | 43667 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 53158511 | 2959828 | SH |  | OTR | 1 | 0 | 2959828 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 402075 | 3229 | SH |  | SOLE |  | 3229 | 0 | 0 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 |  | 450526 | 4771 | SH |  | SOLE |  | 4771 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 964885 | 17117 | SH |  | SOLE |  | 17117 | 0 | 0 |
| RED ROCK RESORTS INC | CL A | 75700L108 |  | 240056 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 1190446 | 30745 | SH |  | SOLE |  | 30745 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 261513 | 23992 | SH |  | SOLE |  | 23992 | 0 | 0 |
| RLJ LODGING TR | CUM CONV PFD A | 74965L200 |  | 43067264 | 1729609 | SH |  | OTR | 1 | 0 | 1729609 | 0 |
| RLJ LODGING TR | CUM CONV PFD A | 74965L200 |  | 1074410 | 43149 | SH |  | SOLE |  | 43149 | 0 | 0 |
| SAFEHOLD INC | COM | 78646V107 |  | 640459 | 46783 | SH |  | SOLE |  | 46783 | 0 | 0 |
| SERIES PORTFOLIOS TR | INFRASTRCTUR CAP | 81752T445 |  | 962339 | 26664 | SH |  | SOLE |  | 26664 | 0 | 0 |
| SERIES PORTFOLIOS TR | INFRASTRUCTURE C | 81752T437 |  | 280646 | 5580 | SH |  | SOLE |  | 5580 | 0 | 0 |
| SERIES PORTFOLIOS TR | INFRASTRCTUR CAP | 81752T619 |  | 768267 | 27655 | SH |  | SOLE |  | 27655 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 750094 | 8602 | SH |  | SOLE |  | 8602 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 102288000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 491547 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 685481 | 23901 | SH |  | SOLE |  | 23901 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 591233 | 6215 | SH |  | SOLE |  | 6215 | 0 | 0 |
| STRATEGY INC | SERIES A PERP PF | 594972887 |  | 10963707 | 139204 | SH |  | OTR | 1 | 0 | 139204 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 911700 | 6000 | SH | Call | SOLE |  | 6000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 152 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 828868 | 44707 | SH |  | OTR | 1 | 0 | 44707 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 38016432 | 725366 | SH |  | OTR | 1 | 0 | 725366 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 16508507 | 89477 | SH |  | OTR | 1 | 0 | 89477 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 1375250 | 25000 | SH |  | OTR | 1 | 0 | 25000 | 0 |
| TESLA INC | COM | 88160R101 |  | 3597760 | 8000 | SH | Call | SOLE |  | 8000 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 1241496 | 19447 | SH |  | SOLE |  | 19447 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 890504 | 18096 | SH |  | SOLE |  | 18096 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1131285 | 21201 | SH |  | SOLE |  | 21201 | 0 | 0 |
| USA COMPRESSION PARTNERS LP | COM UNIT LTDPAR | 90290N109 |  | 7070913 | 307431 | SH |  | OTR | 1 | 0 | 307431 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3438613 | 21123 | SH |  | OTR | 1 | 0 | 21123 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 480558 | 70463 | SH |  | OTR | 1 | 0 | 70463 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 782749 | 19218 | SH |  | SOLE |  | 19218 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 1711873 | 10611 | SH |  | SOLE |  | 10611 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 243887 | 2901 | SH |  | SOLE |  | 2901 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 45728242 | 1157677 | SH |  | OTR | 1 | 0 | 1157677 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 373731 | 40143 | SH |  | SOLE |  | 40143 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 16197721 | 269468 | SH |  | OTR | 1 | 0 | 269468 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 628965 | 5227 | SH |  | SOLE |  | 5227 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1519743 | 20576 | SH |  | SOLE |  | 20576 | 0 | 0 |

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