# EDGAR Filing Document

**Accession Number:** 0000797203
**File Stem:** 0000797203-25-000007
**Filing Date:** 2025-10
**Character Count:** 22845
**Document Hash:** 8ce0dd8680630958429a8b021d2f3646
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000797203-25-000007.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0000797203-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**EFFECTIVENESS DATE**: 20251007

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CULLEN INVESTMENT GROUP, LTD.
- **CENTRAL INDEX KEY:** 0000797203

**ORGANIZATION NAME:**
- **EIN:** 721088646
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23554
- **FILM NUMBER:** 251378620

**BUSINESS ADDRESS:**
- **STREET 1:** 1404 SOUTH COLLEGE RD.
- **CITY:** LAFAYETTE
- **STATE:** LA
- **ZIP:** 70503
- **BUSINESS PHONE:** 337-237-8000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 53669
- **CITY:** LAFAYETTE
- **STATE:** LA
- **ZIP:** 70505-3669

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CULLEN SECURITIES /BD/
- **DATE OF NAME CHANGE:** 19870514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CULLEN INVESTMENT GROUP LTD                             /BD
- **DATE OF NAME CHANGE:** 19860715

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** CULLEN INVESTMENT GROUP LTD.<br>**Address:** PO BOX 53669<br>LAFAYETTE, LA 70505-3669

**Form 13F File Number:** 028-23554

**SEC File Number (if applicable):** 801-61265

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:** Stephen Nickel<br>**Title:** Vice-President<br>**Phone:** 3372378000

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

Stephen Nickel  Lafayette, LA  10-07-2025<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:** 175

**Form 13F Information Table Value Total:** $756242256

      (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 |
| APPLE INCORPORATED | Equities | 037833100 |  | 54569337 | 211496 | SH |  | SOLE |  | 0 | 0 | 211496 |
| BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW | Equities | 084670702 |  | 48236829 | 96718 | SH |  | SOLE |  | 0 | 0 | 96718 |
| MICROSOFT CORPORATION | Equities | 594918104 |  | 45648812 | 88237 | SH |  | SOLE |  | 0 | 0 | 88237 |
| WALMART INCORPORATED | Equities | 931142103 |  | 33195754 | 325234 | SH |  | SOLE |  | 0 | 0 | 325234 |
| JPMORGAN CHASE  COMPANY. | Equities | 46625H100 |  | 31362604 | 101166 | SH |  | SOLE |  | 0 | 0 | 101166 |
| BROADCOM INCORPORATED | Equities | 11135F101 |  | 28600911 | 84526 | SH |  | SOLE |  | 0 | 0 | 84526 |
| EATON CORPORATION PLC SHS | Equities | G29183103 |  | 27415080 | 73402 | SH |  | SOLE |  | 0 | 0 | 73402 |
| ALPHABET INCORPORATED CAP STK CLASS C | Equities | 02079K107 |  | 22896742 | 92906 | SH |  | SOLE |  | 0 | 0 | 92906 |
| NVIDIA CORPORATION | Equities | 67066G104 |  | 21122594 | 112582 | SH |  | SOLE |  | 0 | 0 | 112582 |
| AMAZON COM INCORPORATED | Equities | 023135106 |  | 12760116 | 58130 | SH |  | SOLE |  | 0 | 0 | 58130 |
| UNION PAC CORPORATION | Equities | 907818108 |  | 12590210 | 53171 | SH |  | SOLE |  | 0 | 0 | 53171 |
| EXXON MOBIL CORPORATION | Equities | 30231G102 |  | 12388576 | 109399 | SH |  | SOLE |  | 0 | 0 | 109399 |
| MOTOROLA SOLUTIONS INCORPORATED COM NEW | Equities | 620076307 |  | 11861719 | 26196 | SH |  | SOLE |  | 0 | 0 | 26196 |
| MERCK  COMPANY INCORPORATED | Equities | 58933Y105 |  | 11534234 | 129316 | SH |  | SOLE |  | 0 | 0 | 129316 |
| PEPSICO INCORPORATED | Equities | 713448108 |  | 11117184 | 78299 | SH |  | SOLE |  | 0 | 0 | 78299 |
| TRANE TECHNOLOGIES PLC SHS | Equities | G8994E103 |  | 11046047 | 26046 | SH |  | SOLE |  | 0 | 0 | 26046 |
| DEERE  COMPANY | Equities | 244199105 |  | 10733725 | 23189 | SH |  | SOLE |  | 0 | 0 | 23189 |
| ELI LILLY  COMPANY | Equities | 532457108 |  | 10331100 | 12301 | SH |  | SOLE |  | 0 | 0 | 12301 |
| JOHNSON CONTROLS INTERNATIONAL PLC SHS | Equities | G51502105 |  | 10313464 | 94803 | SH |  | SOLE |  | 0 | 0 | 94803 |
| CME GROUP INCORPORATED | Equities | 12572Q105 |  | 10301269 | 38919 | SH |  | SOLE |  | 0 | 0 | 38919 |
| REALTY INCOME CORPORATION REIT | Equities | 756109104 |  | 10016047 | 165842 | SH |  | SOLE |  | 0 | 0 | 165842 |
| VISA INCORPORATED COM CLASS A | Equities | 92826C839 |  | 9686856 | 27689 | SH |  | SOLE |  | 0 | 0 | 27689 |
| MEDTRONIC PLC SHS | Equities | G5960L103 |  | 9093567 | 93104 | SH |  | SOLE |  | 0 | 0 | 93104 |
| ENTERPRISE PRODUCTS PARTNERS L P | Equities | 293792107 |  | 8192217 | 258756 | SH |  | SOLE |  | 0 | 0 | 258756 |
| SOUTHERN COMPANY | Equities | 842587107 |  | 7956362 | 84166 | SH |  | SOLE |  | 0 | 0 | 84166 |
| VERIZON COMMUNICATIONS INCORPORATED | Equities | 92343V104 |  | 7953838 | 182147 | SH |  | SOLE |  | 0 | 0 | 182147 |
| GARMIN LIMITED SHS | Equities | H2906T109 |  | 7659302 | 29796 | SH |  | SOLE |  | 0 | 0 | 29796 |
| HOME DEPOT INCORPORATED | Equities | 437076102 |  | 7389644 | 18705 | SH |  | SOLE |  | 0 | 0 | 18705 |
| UNITED PARCEL SERVICE INCORPORATED CLASS B | Equities | 911312106 |  | 7142405 | 82314 | SH |  | SOLE |  | 0 | 0 | 82314 |
| ANALOG DEVICES INCORPORATED | Equities | 032654105 |  | 7000108 | 28928 | SH |  | SOLE |  | 0 | 0 | 28928 |
| DARDEN RESTAURANTS INCORPORATED | Equities | 237194105 |  | 6874972 | 35588 | SH |  | SOLE |  | 0 | 0 | 35588 |
| STARBUCKS CORPORATION | Equities | 855244109 |  | 6682864 | 77330 | SH |  | SOLE |  | 0 | 0 | 77330 |
| CUMMINS INCORPORATED | Equities | 231021106 |  | 6619649 | 15295 | SH |  | SOLE |  | 0 | 0 | 15295 |
| UNITEDHEALTH GROUP INCORPORATED | Equities | 91324P102 |  | 6568988 | 18242 | SH |  | SOLE |  | 0 | 0 | 18242 |
| LOWES COMPANIES INCORPORATED | Equities | 548661107 |  | 5905257 | 23971 | SH |  | SOLE |  | 0 | 0 | 23971 |
| COMCAST CORPORATION NEW CLASS A | Equities | 20030N101 |  | 5871021 | 190001 | SH |  | SOLE |  | 0 | 0 | 190001 |
| META PLATFORMS INCORPORATED CLASS A | Equities | 30303M102 |  | 5850521 | 8234 | SH |  | SOLE |  | 0 | 0 | 8234 |
| PUBLIC SVC ENTERPRISE GRP INCORPORATED | Equities | 744573106 |  | 5823346 | 71022 | SH |  | SOLE |  | 0 | 0 | 71022 |
| CORNING INCORPORATED | Equities | 219350105 |  | 5776172 | 69126 | SH |  | SOLE |  | 0 | 0 | 69126 |
| JOHNSON  JOHNSON | Equities | 478160104 |  | 5048531 | 26763 | SH |  | SOLE |  | 0 | 0 | 26763 |
| IQVIA HLDGS INCORPORATED | Equities | 46266C105 |  | 4988048 | 24140 | SH |  | SOLE |  | 0 | 0 | 24140 |
| DISNEY WALT COMPANY | Equities | 254687106 |  | 4903414 | 43598 | SH |  | SOLE |  | 0 | 0 | 43598 |
| FIDELITY NATL INFORMATION SVCS | Equities | 31620M106 |  | 4532741 | 67950 | SH |  | SOLE |  | 0 | 0 | 67950 |
| CATERPILLAR INCORPORATED | Equities | 149123101 |  | 4316590 | 8670 | SH |  | SOLE |  | 0 | 0 | 8670 |
| POOL CORPORATION | Equities | 73278L105 |  | 4257154 | 13750 | SH |  | SOLE |  | 0 | 0 | 13750 |
| BLACKROCK INCORPORATED | Equities | 09290D101 |  | 4204043 | 3622 | SH |  | SOLE |  | 0 | 0 | 3622 |
| STRYKER CORPORATION | Equities | 863667101 |  | 4107835 | 11087 | SH |  | SOLE |  | 0 | 0 | 11087 |
| RAYMOND JAMES FINL INCORPORATED | Equities | 754730109 |  | 4081261 | 24465 | SH |  | SOLE |  | 0 | 0 | 24465 |
| MASTERCARD INCORPORATED CLASS A | Equities | 57636Q104 |  | 3860558 | 6651 | SH |  | SOLE |  | 0 | 0 | 6651 |
| ADVANCED MICRO DEVICES INCORPORATED | Equities | 007903107 |  | 3855748 | 23415 | SH |  | SOLE |  | 0 | 0 | 23415 |
| MCCORMICK  COMPANY INCORPORATED COM NON VTG | Equities | 579780206 |  | 3763377 | 54613 | SH |  | SOLE |  | 0 | 0 | 54613 |
| PROCTER AND GAMBLE COMPANY | Equities | 742718109 |  | 3754958 | 24660 | SH |  | SOLE |  | 0 | 0 | 24660 |
| AMERICAN EXPRESS COMPANY | Equities | 025816109 |  | 3697952 | 11198 | SH |  | SOLE |  | 0 | 0 | 11198 |
| SALESFORCE INCORPORATED | Equities | 79466L302 |  | 3695545 | 15375 | SH |  | SOLE |  | 0 | 0 | 15375 |
| CHEVRON CORPORATION NEW | Equities | 166764100 |  | 3512950 | 22878 | SH |  | SOLE |  | 0 | 0 | 22878 |
| ABBVIE INCORPORATED | Equities | 00287Y109 |  | 3079674 | 13166 | SH |  | SOLE |  | 0 | 0 | 13166 |
| ALLSTATE CORPORATION | Equities | 020002101 |  | 3043245 | 14435 | SH |  | SOLE |  | 0 | 0 | 14435 |
| ENBRIDGE INCORPORATED | Equities | 29250N105 |  | 2951422 | 58946 | SH |  | SOLE |  | 0 | 0 | 58946 |
| NXP SEMICONDUCTORS N V | Equities | N6596X109 |  | 2901251 | 12675 | SH |  | SOLE |  | 0 | 0 | 12675 |
| ALPHABET INCORPORATED CAP STK CLASS A | Equities | 02079K305 |  | 2631005 | 10723 | SH |  | SOLE |  | 0 | 0 | 10723 |
| L3HARRIS TECHNOLOGIES INCORPORATED | Equities | 502431109 |  | 2479210 | 8337 | SH |  | SOLE |  | 0 | 0 | 8337 |
| VEEVA SYSTEMS INCORPORATED CLASS A COM | Equities | 922475108 |  | 2361055 | 7969 | SH |  | SOLE |  | 0 | 0 | 7969 |
| SCHWAB CHARLES CORPORATION | Equities | 808513105 |  | 2344744 | 24923 | SH |  | SOLE |  | 0 | 0 | 24923 |
| NATIONAL FUEL GAS COMPANY | Equities | 636180101 |  | 2338951 | 26411 | SH |  | SOLE |  | 0 | 0 | 26411 |
| AMGEN INCORPORATED | Equities | 031162100 |  | 2296249 | 7708 | SH |  | SOLE |  | 0 | 0 | 7708 |
| CANADIAN PACIFIC KANSAS CITY | Equities | 13646K108 |  | 2202441 | 28386 | SH |  | SOLE |  | 0 | 0 | 28386 |
| HOWMET AEROSPACE INCORPORATED | Equities | 443201108 |  | 2202164 | 11636 | SH |  | SOLE |  | 0 | 0 | 11636 |
| DIAMONDBACK ENERGY INCORPORATED | Equities | 25278X109 |  | 2085349 | 14141 | SH |  | SOLE |  | 0 | 0 | 14141 |
| MARATHON PETE CORPORATION | Equities | 56585A102 |  | 1915182 | 9916 | SH |  | SOLE |  | 0 | 0 | 9916 |
| BANK AMERICA CORPORATION | Equities | 060505104 |  | 1906340 | 37645 | SH |  | SOLE |  | 0 | 0 | 37645 |
| PROGRESSIVE CORPORATION | Equities | 743315103 |  | 1820802 | 7411 | SH |  | SOLE |  | 0 | 0 | 7411 |
| QUALCOMM INCORPORATED | Equities | 747525103 |  | 1810550 | 10702 | SH |  | SOLE |  | 0 | 0 | 10702 |
| FISERV INCORPORATED | Equities | 337738108 |  | 1788009 | 14017 | SH |  | SOLE |  | 0 | 0 | 14017 |
| ECOLAB INCORPORATED | Equities | 278865100 |  | 1721633 | 6224 | SH |  | SOLE |  | 0 | 0 | 6224 |
| EDWARDS LIFESCIENCES CORPORATION | Equities | 28176E108 |  | 1713574 | 22234 | SH |  | SOLE |  | 0 | 0 | 22234 |
| SYNOPSYS INCORPORATED | Equities | 871607107 |  | 1666961 | 3553 | SH |  | SOLE |  | 0 | 0 | 3553 |
| AT INCORPORATED | Equities | 00206R102 |  | 1656048 | 61199 | SH |  | SOLE |  | 0 | 0 | 61199 |
| OREILLY AUTOMOTIVE INCORPORATED | Equities | 67103H107 |  | 1620577 | 15465 | SH |  | SOLE |  | 0 | 0 | 15465 |
| RTX CORPORATION | Equities | 75513E101 |  | 1562768 | 9381 | SH |  | SOLE |  | 0 | 0 | 9381 |
| KINDER MORGAN INCORPORATED DEL | Equities | 49456B101 |  | 1489185 | 52326 | SH |  | SOLE |  | 0 | 0 | 52326 |
| TESLA INCORPORATED | Equities | 88160R101 |  | 1478615 | 3440 | SH |  | SOLE |  | 0 | 0 | 3440 |
| GILEAD SCIENCES INCORPORATED | Equities | 375558103 |  | 1471435 | 13057 | SH |  | SOLE |  | 0 | 0 | 13057 |
| REPUBLIC SVCS INCORPORATED | Equities | 760759100 |  | 1449803 | 6468 | SH |  | SOLE |  | 0 | 0 | 6468 |
| GENERAL DYNAMICS CORPORATION | Equities | 369550108 |  | 1419668 | 4132 | SH |  | SOLE |  | 0 | 0 | 4132 |
| PRICE T ROWE GROUP INCORPORATED | Equities | 74144T108 |  | 1382619 | 13387 | SH |  | SOLE |  | 0 | 0 | 13387 |
| GE AEROSPACE COM NEW | Equities | 369604301 |  | 1361642 | 4585 | SH |  | SOLE |  | 0 | 0 | 4585 |
| VANGUARD INDEX FUNDS S 500 ETF SHS NEW | Equities | 922908363 |  | 1350584 | 2195 | SH |  | SOLE |  | 0 | 0 | 2195 |
| CHIPOTLE MEXICAN GRILL INCORPORATED | Equities | 169656105 |  | 1314145 | 31469 | SH |  | SOLE |  | 0 | 0 | 31469 |
| SHELL PLC SPON ADS | Equities | 780259305 |  | 1309468 | 17886 | SH |  | SOLE |  | 0 | 0 | 17886 |
| SUNCOR ENERGY INCORPORATED NEW | Equities | 867224107 |  | 1298847 | 31411 | SH |  | SOLE |  | 0 | 0 | 31411 |
| INTERNATIONAL BUSINESS MACHINES | Equities | 459200101 |  | 1289818 | 4473 | SH |  | SOLE |  | 0 | 0 | 4473 |
| NATHANS FAMOUS INCORPORATED NEW | Equities | 632347100 |  | 1170157 | 10401 | SH |  | SOLE |  | 0 | 0 | 10401 |
| HOME BANCORP INCORPORATED | Equities | 43689E107 |  | 1147161 | 21049 | SH |  | SOLE |  | 0 | 0 | 21049 |
| CSX CORPORATION | Equities | 126408103 |  | 1145006 | 31797 | SH |  | SOLE |  | 0 | 0 | 31797 |
| ENERGY TRANSFER L P COM UT LTD PTN | Equities | 29273V100 |  | 1110480 | 66100 | SH |  | SOLE |  | 0 | 0 | 66100 |
| ISHARES TR CORE S ETF | Equities | 464287200 |  | 1062841 | 1581 | SH |  | SOLE |  | 0 | 0 | 1581 |
| WEYERHAEUSER COMPANY MTN BE COM NEW REIT | Equities | 962166104 |  | 1061017 | 42238 | SH |  | SOLE |  | 0 | 0 | 42238 |
| DEXCOM INCORPORATED | Equities | 252131107 |  | 1016746 | 15164 | SH |  | SOLE |  | 0 | 0 | 15164 |
| MONDELEZ INTERNATIONAL INCORPORATED CLASS A | Equities | 609207105 |  | 1014849 | 16194 | SH |  | SOLE |  | 0 | 0 | 16194 |
| ONEOK INCORPORATED NEW | Equities | 682680103 |  | 1011980 | 13884 | SH |  | SOLE |  | 0 | 0 | 13884 |
| CENCORA INCORPORATED | Equities | 03073E105 |  | 984712 | 3252 | SH |  | SOLE |  | 0 | 0 | 3252 |
| WELLS FARGO COMPANY NEW | Equities | 949746101 |  | 975973 | 12098 | SH |  | SOLE |  | 0 | 0 | 12098 |
| CREDO TECHNOLOGY GROUP HOLDING ORDINARY SHARES | Equities | G25457105 |  | 949830 | 6602 | SH |  | SOLE |  | 0 | 0 | 6602 |
| WARNER BROS DISCOVERY INCORPORATED COM SER A | Equities | 934423104 |  | 944131 | 49717 | SH |  | SOLE |  | 0 | 0 | 49717 |
| GREENBRIER COMPANIES INCORPORATED | Equities | 393657101 |  | 888989 | 19313 | SH |  | SOLE |  | 0 | 0 | 19313 |
| COCA COLA COMPANY | Equities | 191216100 |  | 887604 | 13317 | SH |  | SOLE |  | 0 | 0 | 13317 |
| I3 VERTICALS INCORPORATED COM CLASS A | Equities | 46571Y107 |  | 886562 | 26833 | SH |  | SOLE |  | 0 | 0 | 26833 |
| BLACKSTONE INCORPORATED | Equities | 09260D107 |  | 885571 | 5257 | SH |  | SOLE |  | 0 | 0 | 5257 |
| CNH INDL N V SHS | Equities | N20944109 |  | 824120 | 75538 | SH |  | SOLE |  | 0 | 0 | 75538 |
| CVS HEALTH CORPORATION | Equities | 126650100 |  | 755333 | 9747 | SH |  | SOLE |  | 0 | 0 | 9747 |
| SMUCKER J M COMPANY COM NEW | Equities | 832696405 |  | 703869 | 6499 | SH |  | SOLE |  | 0 | 0 | 6499 |
| DEVON ENERGY CORPORATION NEW | Equities | 25179M103 |  | 679372 | 19658 | SH |  | SOLE |  | 0 | 0 | 19658 |
| CLEVELAND-CLIFFS INCORPORATED NEW | Equities | 185899101 |  | 676632 | 53069 | SH |  | SOLE |  | 0 | 0 | 53069 |
| OCCIDENTAL PETE CORPORATION | Equities | 674599105 |  | 653087 | 14562 | SH |  | SOLE |  | 0 | 0 | 14562 |
| FIRST GTY BANCSHARES INCORPORATED | Equities | 32043P106 |  | 652070 | 73931 | SH |  | SOLE |  | 0 | 0 | 73931 |
| NESTLE S A SPONSORED ADR | Equities | 641069406 |  | 624009 | 6709 | SH |  | SOLE |  | 0 | 0 | 6709 |
| GE VERNOVA INCORPORATED | Equities | 36828A101 |  | 621676 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| PFIZER INCORPORATED | Equities | 717081103 |  | 617353 | 22556 | SH |  | SOLE |  | 0 | 0 | 22556 |
| RESTAURANT BRANDS INTERNATIONAL INCORPORATED | Equities | 76131D103 |  | 609213 | 8896 | SH |  | SOLE |  | 0 | 0 | 8896 |
| NOVARTIS AG SPONSORED ADR | Equities | 66987V109 |  | 603599 | 4559 | SH |  | SOLE |  | 0 | 0 | 4559 |
| MCDONALDS CORPORATION | Equities | 580135101 |  | 598256 | 1988 | SH |  | SOLE |  | 0 | 0 | 1988 |
| ADAM NAT RES FD INCORPORATED | Equities | 00548F105 |  | 582814 | 26945 | SH |  | SOLE |  | 0 | 0 | 26945 |
| CONRAD INDUSTRIES INCORPORATED | Equities | 208305102 |  | 573734 | 21171 | SH |  | SOLE |  | 0 | 0 | 21171 |
| ISHARES TR CORE S TTL STK | Equities | 464287150 |  | 555929 | 3795 | SH |  | SOLE |  | 0 | 0 | 3795 |
| KIMBERLY-CLARK CORPORATION | Equities | 494368103 |  | 536201 | 4374 | SH |  | SOLE |  | 0 | 0 | 4374 |
| IRIDIUM COMMUNICATIONS INCORPORATED | Equities | 46269C102 |  | 534136 | 28472 | SH |  | SOLE |  | 0 | 0 | 28472 |
| MCKESSON CORPORATION | Equities | 58155Q103 |  | 529702 | 718 | SH |  | SOLE |  | 0 | 0 | 718 |
| TJX COMPANIES INCORPORATED NEW | Equities | 872540109 |  | 521222 | 3688 | SH |  | SOLE |  | 0 | 0 | 3688 |
| ICON PLC SHS | Equities | G4705A100 |  | 519819 | 2681 | SH |  | SOLE |  | 0 | 0 | 2681 |
| LAUDER ESTEE COMPANIES INCORPORATED CLASS A | Equities | 518439104 |  | 501349 | 5696 | SH |  | SOLE |  | 0 | 0 | 5696 |
| ABBOTT LABS | Equities | 002824100 |  | 496474 | 3689 | SH |  | SOLE |  | 0 | 0 | 3689 |
| PARAMOUNT SKYDANCE CORPORATION COM CLASS B | Equities | 69932A204 |  | 462427 | 24224 | SH |  | SOLE |  | 0 | 0 | 24224 |
| KEURIG DR PEPPER INCORPORATED | Equities | 49271V100 |  | 458671 | 17750 | SH |  | SOLE |  | 0 | 0 | 17750 |
| TARGET CORPORATION | Equities | 87612E106 |  | 447965 | 5032 | SH |  | SOLE |  | 0 | 0 | 5032 |
| CONOCOPHILLIPS | Equities | 20825C104 |  | 444954 | 4726 | SH |  | SOLE |  | 0 | 0 | 4726 |
| FIRST HORIZON CORPORATION | Equities | 320517105 |  | 436442 | 19346 | SH |  | SOLE |  | 0 | 0 | 19346 |
| BOEING COMPANY | Equities | 097023105 |  | 435382 | 2013 | SH |  | SOLE |  | 0 | 0 | 2013 |
| LOCKHEED MARTIN CORPORATION | Equities | 539830109 |  | 431009 | 854 | SH |  | SOLE |  | 0 | 0 | 854 |
| AIR PRODUCTS  CHEMICALS INCORPORATED | Equities | 009158106 |  | 395566 | 1457 | SH |  | SOLE |  | 0 | 0 | 1457 |
| ILLINOIS TOOL WKS INCORPORATED | Equities | 452308109 |  | 386291 | 1486 | SH |  | SOLE |  | 0 | 0 | 1486 |
| SCOTTS MIRACLE-GRO COMPANY CLASS A | Equities | 810186106 |  | 380148 | 6575 | SH |  | SOLE |  | 0 | 0 | 6575 |
| PAYPAL HLDGS INCORPORATED | Equities | 70450Y103 |  | 374989 | 5415 | SH |  | SOLE |  | 0 | 0 | 5415 |
| TRACTOR SUPPLY COMPANY | Equities | 892356106 |  | 373921 | 6697 | SH |  | SOLE |  | 0 | 0 | 6697 |
| ORACLE CORPORATION | Equities | 68389X105 |  | 373786 | 1306 | SH |  | SOLE |  | 0 | 0 | 1306 |
| XYLEM INCORPORATED | Equities | 98419M100 |  | 371239 | 2477 | SH |  | SOLE |  | 0 | 0 | 2477 |
| EBAY INCORPORATED. | Equities | 278642103 |  | 362718 | 3935 | SH |  | SOLE |  | 0 | 0 | 3935 |
| WD 40 COMPANY | Equities | 929236107 |  | 361601 | 1862 | SH |  | SOLE |  | 0 | 0 | 1862 |
| TRINITY INDUSTRIES INCORPORATED | Equities | 896522109 |  | 360018 | 12821 | SH |  | SOLE |  | 0 | 0 | 12821 |
| WOODWARD INCORPORATED | Equities | 980745103 |  | 337255 | 1309 | SH |  | SOLE |  | 0 | 0 | 1309 |
| HALLIBURTON COMPANY | Equities | 406216101 |  | 334146 | 13745 | SH |  | SOLE |  | 0 | 0 | 13745 |
| SEI INVTS COMPANY | Equities | 784117103 |  | 332524 | 3884 | SH |  | SOLE |  | 0 | 0 | 3884 |
| HONEYWELL INTERNATIONAL INCORPORATED | Equities | 438516106 |  | 332140 | 1589 | SH |  | SOLE |  | 0 | 0 | 1589 |
| NORFOLK SOUTHN CORPORATION | Equities | 655844108 |  | 329865 | 1099 | SH |  | SOLE |  | 0 | 0 | 1099 |
| WENDYS COMPANY | Equities | 95058W100 |  | 326603 | 34199 | SH |  | SOLE |  | 0 | 0 | 34199 |
| BORGWARNER INCORPORATED | Equities | 099724106 |  | 320229 | 7158 | SH |  | SOLE |  | 0 | 0 | 7158 |
| THOR INDUSTRIES INCORPORATED | Equities | 885160101 |  | 284520 | 2609 | SH |  | SOLE |  | 0 | 0 | 2609 |
| SHERWIN WILLIAMS COMPANY | Equities | 824348106 |  | 277030 | 799 | SH |  | SOLE |  | 0 | 0 | 799 |
| APA CORPORATION | Equities | 03743Q108 |  | 273673 | 11152 | SH |  | SOLE |  | 0 | 0 | 11152 |
| LIBERTY LATIN AMERICA LIMITED COM CLASS C | Equities | G9001E128 |  | 270924 | 32100 | SH |  | SOLE |  | 0 | 0 | 32100 |
| INVESCO QQQ TR | Equities | 46090E103 |  | 261622 | 434 | SH |  | SOLE |  | 0 | 0 | 434 |
| ATMOS ENERGY CORPORATION | Equities | 049560105 |  | 253056 | 1487 | SH |  | SOLE |  | 0 | 0 | 1487 |
| WILLIAMS SONOMA INCORPORATED | Equities | 969904101 |  | 248512 | 1246 | SH |  | SOLE |  | 0 | 0 | 1246 |
| ST JOE COMPANY | Equities | 790148100 |  | 247695 | 5028 | SH |  | SOLE |  | 0 | 0 | 5028 |
| COSTCO WHOLESALE CORPORATION NEW | Equities | 22160K105 |  | 240928 | 263 | SH |  | SOLE |  | 0 | 0 | 263 |
| ATLANTA BRAVES HLDGS INCORPORATED COM SER A | Equities | 047726104 |  | 237758 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| CANADIAN NATL RY COMPANY | Equities | 136375102 |  | 237320 | 2462 | SH |  | SOLE |  | 0 | 0 | 2462 |
| BANK NEW YORK MELLON CORPORATION | Equities | 064058100 |  | 230510 | 2162 | SH |  | SOLE |  | 0 | 0 | 2162 |
| YUM BRANDS INCORPORATED | Equities | 988498101 |  | 224574 | 1490 | SH |  | SOLE |  | 0 | 0 | 1490 |
| EMERSON ELEC COMPANY | Equities | 291011104 |  | 218013 | 1618 | SH |  | SOLE |  | 0 | 0 | 1618 |
| PHILLIPS 66 | Equities | 718546104 |  | 216858 | 1630 | SH |  | SOLE |  | 0 | 0 | 1630 |
| BLACK STONE MINERALS L P COM UNIT | Equities | 09225M101 |  | 213988 | 16041 | SH |  | SOLE |  | 0 | 0 | 16041 |
| MADISON SQUARE GARDEN ENTERTAINMENT COM CLASS A | Equities | 558256103 |  | 207389 | 4550 | SH |  | SOLE |  | 0 | 0 | 4550 |
| BAKER HUGHES COMPANY CLASS A | Equities | 05722G100 |  | 205328 | 4234 | SH |  | SOLE |  | 0 | 0 | 4234 |
| AUTOMATIC DATA PROCESSING INCORPORATED | Equities | 053015103 |  | 204990 | 704 | SH |  | SOLE |  | 0 | 0 | 704 |
| NORTHERN DYNASTY MINERALS LIMITED COM NEW | Equities | 66510M204 |  | 18920 | 14333 | SH |  | SOLE |  | 0 | 0 | 14333 |

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