# EDGAR Filing Document

**Accession Number:** 0001512026
**File Stem:** 0001512026-23-000001
**Filing Date:** 2023-1
**Character Count:** 29705
**Document Hash:** 0670b26cc41e55d95533b61ed42f708c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001512026-23-000001.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001512026-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**EFFECTIVENESS DATE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SFMG, LLC
- **CENTRAL INDEX KEY:** 0001512026
- **IRS NUMBER:** 202107062
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14157
- **FILM NUMBER:** 23552467

**BUSINESS ADDRESS:**
- **STREET 1:** 7800 DALLAS PARKWAY
- **STREET 2:** SUITE 350
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 972-960-6460

**MAIL ADDRESS:**
- **STREET 1:** 7800 DALLAS PARKWAY
- **STREET 2:** SUITE 350
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

### 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:** SFMG LLC<br>**Address:** 7800 DALLAS PARKWAY<br>SUITE 350<br>PLANO, TX 75024

**Form 13F File Number:** 028-14157

**CRD Number (if applicable):** 000107548

**SEC File Number (if applicable):** 801-44699

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:** Crystal Billing<br>**Title:** CCO<br>**Phone:** 972-674-2567

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

Crystal Billing  Plano, TX  01-25-2023<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:** 264

**Form 13F Information Table Value Total:** $901079803

      (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 |  | 718042 | 6540 | SH |  | SOLE | 0 | 0 | 0 | 6540 |
| ABBVIE INC | COM | 00287Y109 |  | 1104386 | 6834 | SH |  | SOLE | 0 | 0 | 0 | 6834 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 174945 | 10014 | SH |  | SOLE | 0 | 0 | 0 | 10014 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 635346 | 2381 | SH |  | SOLE | 0 | 0 | 0 | 2381 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 222479 | 661 | SH |  | SOLE | 0 | 0 | 0 | 661 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1414642 | 21841 | SH |  | SOLE | 0 | 0 | 0 | 21841 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 327731 | 1063 | SH |  | SOLE | 0 | 0 | 0 | 1063 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1716828 | 19459 | SH |  | SOLE | 0 | 0 | 0 | 19459 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5895044 | 66438 | SH |  | SOLE | 0 | 0 | 0 | 66438 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 355955 | 9350 | SH |  | SOLE | 0 | 0 | 0 | 9350 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 300174 | 6567 | SH |  | SOLE | 0 | 0 | 0 | 6567 |
| AMAZON COM INC | COM | 023135106 |  | 7824602 | 93150 | SH |  | SOLE | 0 | 0 | 0 | 93150 |
| AMAZON COM INC | COM | 023135106 |  | 51345 | 30000 | SH | Call | SOLE | 0 | 0 | 0 | 30000 |
| AMAZON COM INC | COM | 023135106 |  | 82 | 200 | SH | Call | SOLE | 0 | 0 | 0 | 200 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 369735 | 3894 | SH |  | SOLE | 0 | 0 | 0 | 3894 |
| AMGEN INC | COM | 031162100 |  | 676373 | 2575 | SH |  | SOLE | 0 | 0 | 0 | 2575 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 2061340 | 57483 | SH |  | SOLE | 0 | 0 | 0 | 57483 |
| AMPLIFY ETF TR | BLOCKCHAIN LDR | 032108607 |  | 728654 | 48191 | SH |  | SOLE | 0 | 0 | 0 | 48191 |
| ANALOG DEVICES INC | COM | 032654105 |  | 213895 | 1304 | SH |  | SOLE | 0 | 0 | 0 | 1304 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 409788 | 6424 | SH |  | SOLE | 0 | 0 | 0 | 6424 |
| APPLE INC | COM | 037833100 |  | 26352032 | 202817 | SH |  | SOLE | 0 | 0 | 0 | 202817 |
| APPLIED MATLS INC | COM | 038222105 |  | 5151954 | 52906 | SH |  | SOLE | 0 | 0 | 0 | 52906 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 6754382 | 365695 | SH |  | SOLE | 0 | 0 | 0 | 365695 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 277571 | 508 | SH |  | SOLE | 0 | 0 | 0 | 508 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 280119 | 4132 | SH |  | SOLE | 0 | 0 | 0 | 4132 |
| AT INC | COM | 00206R102 |  | 2836598 | 154079 | SH |  | SOLE | 0 | 0 | 0 | 154079 |
| ATKORE INC | COM | 047649108 |  | 206084 | 1817 | SH |  | SOLE | 0 | 0 | 0 | 1817 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 130846740 | 1167545 | SH |  | SOLE | 0 | 0 | 0 | 1167545 |
| BANK AMERICA CORP | COM | 060505104 |  | 244598 | 7385 | SH |  | SOLE | 0 | 0 | 0 | 7385 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 32369013 | 104788 | SH |  | SOLE | 0 | 0 | 0 | 104788 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE | 0 | 0 | 0 | 1 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 200535 | 2420 | SH |  | SOLE | 0 | 0 | 0 | 2420 |
| BIRD GLOBAL INC | COM CL A | 09077J107 |  | 14840 | 82352 | SH |  | SOLE | 0 | 0 | 0 | 82352 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 364741 | 21621 | SH |  | SOLE | 0 | 0 | 0 | 21621 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 172114 | 18708 | SH |  | SOLE | 0 | 0 | 0 | 18708 |
| BLACKROCK INC | COM | 09247X101 |  | 2792118 | 3940 | SH |  | SOLE | 0 | 0 | 0 | 3940 |
| BLACKSTONE INC | COM | 09260D107 |  | 1376791 | 18558 | SH |  | SOLE | 0 | 0 | 0 | 18558 |
| BLEND LABS INC | CL A | 09352U108 |  | 91447 | 63505 | SH |  | SOLE | 0 | 0 | 0 | 63505 |
| BOEING CO | COM | 097023105 |  | 550561 | 2890 | SH |  | SOLE | 0 | 0 | 0 | 2890 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 204363 | 1969 | SH |  | SOLE | 0 | 0 | 0 | 1969 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2571291 | 35737 | SH |  | SOLE | 0 | 0 | 0 | 35737 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 2687761 | 67228 | SH |  | SOLE | 0 | 0 | 0 | 67228 |
| BROADCOM INC | COM | 11135F101 |  | 461236 | 825 | SH |  | SOLE | 0 | 0 | 0 | 825 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 230000 | 3545 | SH |  | SOLE | 0 | 0 | 0 | 3545 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 314770 | 4220 | SH |  | SOLE | 0 | 0 | 0 | 4220 |
| CANOPY GROWTH CORP | COM | 138035100 |  | 73063 | 31629 | SH |  | SOLE | 0 | 0 | 0 | 31629 |
| CATERPILLAR INC | COM | 149123101 |  | 327764 | 1368 | SH |  | SOLE | 0 | 0 | 0 | 1368 |
| CBRE GROUP INC | CL A | 12504L109 |  | 3157053 | 41022 | SH |  | SOLE | 0 | 0 | 0 | 41022 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 19035 | 23000 | PRN |  | SOLE | 0 | 0 | 0 | 23000 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 478238 | 3189 | SH |  | SOLE | 0 | 0 | 0 | 3189 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 6823895 | 72310 | SH |  | SOLE | 0 | 0 | 0 | 72310 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3749168 | 20888 | SH |  | SOLE | 0 | 0 | 0 | 20888 |
| CHUBB LIMITED | COM | H1467J104 |  | 356876 | 1618 | SH |  | SOLE | 0 | 0 | 0 | 1618 |
| CIGNA CORP NEW | COM | 125523100 |  | 1267044 | 3824 | SH |  | SOLE | 0 | 0 | 0 | 3824 |
| CIPHER MINING INC | COM | 17253J106 |  | 5600 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| CISCO SYS INC | COM | 17275R102 |  | 4081327 | 85670 | SH |  | SOLE | 0 | 0 | 0 | 85670 |
| CLOROX CO DEL | COM | 189054109 |  | 404571 | 2883 | SH |  | SOLE | 0 | 0 | 0 | 2883 |
| COCA COLA CO | COM | 191216100 |  | 1075600 | 16909 | SH |  | SOLE | 0 | 0 | 0 | 16909 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2989527 | 85488 | SH |  | SOLE | 0 | 0 | 0 | 85488 |
| COMSTOCK RES INC | COM | 205768302 |  | 274200 | 20000 | SH |  | SOLE | 0 | 0 | 0 | 20000 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5408320 | 45833 | SH |  | SOLE | 0 | 0 | 0 | 45833 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 827606 | 3571 | SH |  | SOLE | 0 | 0 | 0 | 3571 |
| CORE SCIENTIFIC INC | COMMON STOCK | 21873J108 |  | 3072 | 40900 | SH |  | SOLE | 0 | 0 | 0 | 40900 |
| CORNING INC | COM | 219350105 |  | 210554 | 6592 | SH |  | SOLE | 0 | 0 | 0 | 6592 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1515036 | 3319 | SH |  | SOLE | 0 | 0 | 0 | 3319 |
| COTERRA ENERGY INC | COM | 127097103 |  | 232776 | 9474 | SH |  | SOLE | 0 | 0 | 0 | 9474 |
| CRONOS GROUP INC | COM | 22717L101 |  | 44760 | 17622 | SH |  | SOLE | 0 | 0 | 0 | 17622 |
| CROSSFIRST BANKSHARES INC | COM | 22766M109 |  | 846983 | 68250 | SH |  | SOLE | 0 | 0 | 0 | 68250 |
| CSX CORP | COM | 126408103 |  | 9017328 | 291069 | SH |  | SOLE | 0 | 0 | 0 | 291069 |
| CVS HEALTH CORP | COM | 126650100 |  | 1740569 | 18678 | SH |  | SOLE | 0 | 0 | 0 | 18678 |
| DANAHER CORPORATION | COM | 235851102 |  | 637008 | 2400 | SH |  | SOLE | 0 | 0 | 0 | 2400 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 925474 | 6690 | SH |  | SOLE | 0 | 0 | 0 | 6690 |
| DEERE  CO | COM | 244199105 |  | 793479 | 1851 | SH |  | SOLE | 0 | 0 | 0 | 1851 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1138749 | 28313 | SH |  | SOLE | 0 | 0 | 0 | 28313 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 784700 | 12757 | SH |  | SOLE | 0 | 0 | 0 | 12757 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 168853 | 19015 | SH |  | SOLE | 0 | 0 | 0 | 19015 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 414243 | 4131 | SH |  | SOLE | 0 | 0 | 0 | 4131 |
| DIMENSIONAL ETF TRUST | US EQUITY ETF | 25434V401 |  | 445932 | 10717 | SH |  | SOLE | 0 | 0 | 0 | 10717 |
| DOW INC | COM | 260557103 |  | 219568 | 4357 | SH |  | SOLE | 0 | 0 | 0 | 4357 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 293830 | 2853 | SH |  | SOLE | 0 | 0 | 0 | 2853 |
| EATON CORP PLC | SHS | G29183103 |  | 717674 | 4573 | SH |  | SOLE | 0 | 0 | 0 | 4573 |
| EDGEWISE THERAPEUTICS INC | COM | 28036F105 |  | 89400 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| ENBRIDGE INC | COM | 29250N105 |  | 417314 | 10673 | SH |  | SOLE | 0 | 0 | 0 | 10673 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 257404 | 21685 | SH |  | SOLE | 0 | 0 | 0 | 21685 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 320008 | 13267 | SH |  | SOLE | 0 | 0 | 0 | 13267 |
| EOG RES INC | COM | 26875P101 |  | 507071 | 3915 | SH |  | SOLE | 0 | 0 | 0 | 3915 |
| EQUITRANS MIDSTREAM CORP | COM | 294600101 |  | 95877 | 14310 | SH |  | SOLE | 0 | 0 | 0 | 14310 |
| ETFIS SER TR I | VIRTUS NEWFLEET | 26923G707 |  | 13921348 | 637424 | SH |  | SOLE | 0 | 0 | 0 | 637424 |
| ETSY INC | COM | 29786A106 |  | 227822 | 1902 | SH |  | SOLE | 0 | 0 | 0 | 1902 |
| EXCHANGE TRADED CONCEPTS TR | ROBO GLB ETF | 301505707 |  | 889490 | 19199 | SH |  | SOLE | 0 | 0 | 0 | 19199 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1781785 | 16154 | SH |  | SOLE | 0 | 0 | 0 | 16154 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 1325484 | 78898 | SH |  | SOLE | 0 | 0 | 0 | 78898 |
| FIRST TR EXCHANGE TRADED FD | WTR ETF | 33733B100 |  | 1226010 | 15449 | SH |  | SOLE | 0 | 0 | 0 | 15449 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 2089259 | 53972 | SH |  | SOLE | 0 | 0 | 0 | 53972 |
| FIRST TR NASDAQ 100 TECH IND | SHS | 337345102 |  | 2480355 | 23569 | SH |  | SOLE | 0 | 0 | 0 | 23569 |
| FLOTEK INDS INC DEL | COM | 343389102 |  | 39200 | 35000 | SH |  | SOLE | 0 | 0 | 0 | 35000 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 240900 | 6339 | SH |  | SOLE | 0 | 0 | 0 | 6339 |
| FS KKR CAP CORP | COM | 302635206 |  | 3999172 | 228524 | SH |  | SOLE | 0 | 0 | 0 | 228524 |
| GENERAL MLS INC | COM | 370334104 |  | 568020 | 6774 | SH |  | SOLE | 0 | 0 | 0 | 6774 |
| GENIUS BRANDS INTL INC | COM | 37229T301 |  | 8370 | 18000 | SH |  | SOLE | 0 | 0 | 0 | 18000 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 270428 | 3150 | SH |  | SOLE | 0 | 0 | 0 | 3150 |
| GLOBAL X FDS | THMATC GWT ETF | 37954Y418 |  | 3037801 | 133530 | SH |  | SOLE | 0 | 0 | 0 | 133530 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 58958632 | 774447 | SH |  | SOLE | 0 | 0 | 0 | 774447 |
| GROWGENERATION CORP | COM | 39986L109 |  | 48522 | 12378 | SH |  | SOLE | 0 | 0 | 0 | 12378 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 228755 | 1303 | SH |  | SOLE | 0 | 0 | 0 | 1303 |
| HILTON GRAND VACATIONS INC | COM | 43283X105 |  | 2303921 | 59780 | SH |  | SOLE | 0 | 0 | 0 | 59780 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 1293042 | 10233 | SH |  | SOLE | 0 | 0 | 0 | 10233 |
| HOME DEPOT INC | COM | 437076102 |  | 3073780 | 9731 | SH |  | SOLE | 0 | 0 | 0 | 9731 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5138266 | 23977 | SH |  | SOLE | 0 | 0 | 0 | 23977 |
| HUMANA INC | COM | 444859102 |  | 288354 | 563 | SH |  | SOLE | 0 | 0 | 0 | 563 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 153197 | 10865 | SH |  | SOLE | 0 | 0 | 0 | 10865 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 230654 | 1047 | SH |  | SOLE | 0 | 0 | 0 | 1047 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 482297 | 28606 | SH |  | SOLE | 0 | 0 | 0 | 28606 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C573 |  | 2152366 | 71294 | SH |  | SOLE | 0 | 0 | 0 | 71294 |
| INSIGHT ENTERPRISES INC | NOTE 0.750% 2/1 | 45765UAB9 |  | 20862 | 14000 | PRN |  | SOLE | 0 | 0 | 0 | 14000 |
| INTEL CORP | COM | 458140100 |  | 208716 | 7897 | SH |  | SOLE | 0 | 0 | 0 | 7897 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2552923 | 24885 | SH |  | SOLE | 0 | 0 | 0 | 24885 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 823727 | 5847 | SH |  | SOLE | 0 | 0 | 0 | 5847 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 631017 | 18222 | SH |  | SOLE | 0 | 0 | 0 | 18222 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 580708 | 9088 | SH |  | SOLE | 0 | 0 | 0 | 9088 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 398580 | 3639 | SH |  | SOLE | 0 | 0 | 0 | 3639 |
| INVESCO EXCH TRADED FD TR II | S 500 EX RAT | 46138E388 |  | 488228 | 10043 | SH |  | SOLE | 0 | 0 | 0 | 10043 |
| INVESCO EXCHANGE TRADED FD T | S EQL ENR | 46137V365 |  | 602600 | 8290 | SH |  | SOLE | 0 | 0 | 0 | 8290 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 72082018 | 1638228 | SH |  | SOLE | 0 | 0 | 0 | 1638228 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 365273 | 2586 | SH |  | SOLE | 0 | 0 | 0 | 2586 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3104628 | 11659 | SH |  | SOLE | 0 | 0 | 0 | 11659 |
| ISHARES TR | CORE S ETF | 464287200 |  | 50692209 | 131939 | SH |  | SOLE | 0 | 0 | 0 | 131939 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 262737 | 4491 | SH |  | SOLE | 0 | 0 | 0 | 4491 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 346855 | 1619 | SH |  | SOLE | 0 | 0 | 0 | 1619 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 372864 | 5528 | SH |  | SOLE | 0 | 0 | 0 | 5528 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 202651 | 3164 | SH |  | SOLE | 0 | 0 | 0 | 3164 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 25466600 | 99537 | SH |  | SOLE | 0 | 0 | 0 | 99537 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2467649 | 30401 | SH |  | SOLE | 0 | 0 | 0 | 30401 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 454642 | 3770 | SH |  | SOLE | 0 | 0 | 0 | 3770 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 580000 | 6840 | SH |  | SOLE | 0 | 0 | 0 | 6840 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 6972355 | 82425 | SH |  | SOLE | 0 | 0 | 0 | 82425 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 675634 | 6040 | SH |  | SOLE | 0 | 0 | 0 | 6040 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 446698 | 14631 | SH |  | SOLE | 0 | 0 | 0 | 14631 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 47746046 | 415581 | SH |  | SOLE | 0 | 0 | 0 | 415581 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 747669 | 7173 | SH |  | SOLE | 0 | 0 | 0 | 7173 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 206310 | 3347 | SH |  | SOLE | 0 | 0 | 0 | 3347 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 404986 | 5617 | SH |  | SOLE | 0 | 0 | 0 | 5617 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 5414974 | 99376 | SH |  | SOLE | 0 | 0 | 0 | 99376 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 3081892 | 61478 | SH |  | SOLE | 0 | 0 | 0 | 61478 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 1327737 | 11058 | SH |  | SOLE | 0 | 0 | 0 | 11058 |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 47103U886 |  | 2336148 | 49286 | SH |  | SOLE | 0 | 0 | 0 | 49286 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2784310 | 15762 | SH |  | SOLE | 0 | 0 | 0 | 15762 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2101601 | 15672 | SH |  | SOLE | 0 | 0 | 0 | 15672 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 803640 | 5920 | SH |  | SOLE | 0 | 0 | 0 | 5920 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1764688 | 97604 | SH |  | SOLE | 0 | 0 | 0 | 97604 |
| KLA CORP | COM NEW | 482480100 |  | 416812 | 1106 | SH |  | SOLE | 0 | 0 | 0 | 1106 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 598476 | 94100 | SH |  | SOLE | 0 | 0 | 0 | 94100 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 743175 | 3156 | SH |  | SOLE | 0 | 0 | 0 | 3156 |
| LILLY ELI  CO | COM | 532457108 |  | 1055405 | 2885 | SH |  | SOLE | 0 | 0 | 0 | 2885 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 450191 | 925 | SH |  | SOLE | 0 | 0 | 0 | 925 |
| LOWES COS INC | COM | 548661107 |  | 1279666 | 6423 | SH |  | SOLE | 0 | 0 | 0 | 6423 |
| MARATHON PETE CORP | COM | 56585A102 |  | 392753 | 3374 | SH |  | SOLE | 0 | 0 | 0 | 3374 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 917585 | 5545 | SH |  | SOLE | 0 | 0 | 0 | 5545 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 335942 | 994 | SH |  | SOLE | 0 | 0 | 0 | 994 |
| MATADOR RES CO | COM | 576485205 |  | 228960 | 4000 | SH |  | SOLE | 0 | 0 | 0 | 4000 |
| MCDONALDS CORP | COM | 580135101 |  | 1086545 | 4123 | SH |  | SOLE | 0 | 0 | 0 | 4123 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2572830 | 33104 | SH |  | SOLE | 0 | 0 | 0 | 33104 |
| MERCK  CO INC | COM | 58933Y105 |  | 4580309 | 41283 | SH |  | SOLE | 0 | 0 | 0 | 41283 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1311279 | 10896 | SH |  | SOLE | 0 | 0 | 0 | 10896 |
| MICROSOFT CORP | COM | 594918104 |  | 16772860 | 69939 | SH |  | SOLE | 0 | 0 | 0 | 69939 |
| MODERNA INC | COM | 60770K107 |  | 234224 | 1304 | SH |  | SOLE | 0 | 0 | 0 | 1304 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 303538 | 1178 | SH |  | SOLE | 0 | 0 | 0 | 1178 |
| MSCI INC | COM | 55354G100 |  | 339574 | 730 | SH |  | SOLE | 0 | 0 | 0 | 730 |
| NASDAQ INC | COM | 631103108 |  | 258222 | 4209 | SH |  | SOLE | 0 | 0 | 0 | 4209 |
| NETFLIX INC | COM | 64110L106 |  | 551131 | 1869 | SH |  | SOLE | 0 | 0 | 0 | 1869 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 |  | 87543 | 10179 | SH |  | SOLE | 0 | 0 | 0 | 10179 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 453624 | 5426 | SH |  | SOLE | 0 | 0 | 0 | 5426 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 303139 | 4325 | SH |  | SOLE | 0 | 0 | 0 | 4325 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 443117 | 812 | SH |  | SOLE | 0 | 0 | 0 | 812 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1902760 | 13020 | SH |  | SOLE | 0 | 0 | 0 | 13020 |
| OLD REP INTL CORP | COM | 680223104 |  | 212351 | 8793 | SH |  | SOLE | 0 | 0 | 0 | 8793 |
| OMNICOM GROUP INC | COM | 681919106 |  | 308335 | 3780 | SH |  | SOLE | 0 | 0 | 0 | 3780 |
| ONEOK INC NEW | COM | 682680103 |  | 245441 | 3736 | SH |  | SOLE | 0 | 0 | 0 | 3736 |
| ORACLE CORP | COM | 68389X105 |  | 214428 | 2623 | SH |  | SOLE | 0 | 0 | 0 | 2623 |
| ORIGIN MATERIALS INC | COM | 68622D106 |  | 46100 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 34749345 | 751337 | SH |  | SOLE | 0 | 0 | 0 | 751337 |
| PACIRA BIOSCIENCES INC | NOTE 0.750% 8/0 | 695127AF7 |  | 21659 | 24000 | PRN |  | SOLE | 0 | 0 | 0 | 24000 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 150799 | 23489 | SH |  | SOLE | 0 | 0 | 0 | 23489 |
| PARSONS CORP DEL | NOTE 0.250% 8/1 | 70202LAB8 |  | 31873 | 28000 | PRN |  | SOLE | 0 | 0 | 0 | 28000 |
| PAYCHEX INC | COM | 704326107 |  | 754903 | 6533 | SH |  | SOLE | 0 | 0 | 0 | 6533 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 234741 | 3296 | SH |  | SOLE | 0 | 0 | 0 | 3296 |
| PEPSICO INC | COM | 713448108 |  | 2712429 | 15014 | SH |  | SOLE | 0 | 0 | 0 | 15014 |
| PFIZER INC | COM | 717081103 |  | 894352 | 17454 | SH |  | SOLE | 0 | 0 | 0 | 17454 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 533073 | 5267 | SH |  | SOLE | 0 | 0 | 0 | 5267 |
| PHILLIPS 66 | COM | 718546104 |  | 315258 | 3029 | SH |  | SOLE | 0 | 0 | 0 | 3029 |
| PHYSICIANS RLTY TR | COM | 71943U104 |  | 4021968 | 277952 | SH |  | SOLE | 0 | 0 | 0 | 277952 |
| PIONEER NAT RES CO | COM | 723787107 |  | 551826 | 2416 | SH |  | SOLE | 0 | 0 | 0 | 2416 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 293945 | 23629 | SH |  | SOLE | 0 | 0 | 0 | 23629 |
| PLBY GROUP INC | COM | 72814P109 |  | 82500 | 30000 | SH |  | SOLE | 0 | 0 | 0 | 30000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1515245 | 9998 | SH |  | SOLE | 0 | 0 | 0 | 9998 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 2534396 | 41364 | SH |  | SOLE | 0 | 0 | 0 | 41364 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 6335515 | 62778 | SH |  | SOLE | 0 | 0 | 0 | 62778 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 249843 | 970 | SH |  | SOLE | 0 | 0 | 0 | 970 |
| RVL PHARMACEUTICALS PLC | SHS | G6S41R101 |  | 11200 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| SABINE RTY TR | UNIT BEN INT | 785688102 |  | 213510 | 2500 | SH |  | SOLE | 0 | 0 | 0 | 2500 |
| SALESFORCE INC | COM | 79466L302 |  | 1779225 | 13419 | SH |  | SOLE | 0 | 0 | 0 | 13419 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 212255 | 3970 | SH |  | SOLE | 0 | 0 | 0 | 3970 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 202260 | 2429 | SH |  | SOLE | 0 | 0 | 0 | 2429 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US BM | 808524789 |  | 581977 | 11060 | SH |  | SOLE | 0 | 0 | 0 | 11060 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 428516 | 8883 | SH |  | SOLE | 0 | 0 | 0 | 8883 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 203911 | 4142 | SH |  | SOLE | 0 | 0 | 0 | 4142 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 3492968 | 77364 | SH |  | SOLE | 0 | 0 | 0 | 77364 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 264123 | 6520 | SH |  | SOLE | 0 | 0 | 0 | 6520 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 251089 | 4773 | SH |  | SOLE | 0 | 0 | 0 | 4773 |
| SEASTAR MEDICAL HOLDING CORP | COMMON STOCK | 81256L104 |  | 179941 | 43888 | SH |  | SOLE | 0 | 0 | 0 | 43888 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 433200 | 4953 | SH |  | SOLE | 0 | 0 | 0 | 4953 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 3351420 | 24670 | SH |  | SOLE | 0 | 0 | 0 | 24670 |
| SHELL PLC | SPON ADS | 780259305 |  | 238808 | 4193 | SH |  | SOLE | 0 | 0 | 0 | 4193 |
| SOUTHERN CO | COM | 842587107 |  | 341183 | 4778 | SH |  | SOLE | 0 | 0 | 0 | 4778 |
| SOUTHSTATE CORPORATION | COM | 840441109 |  | 587972 | 7700 | SH |  | SOLE | 0 | 0 | 0 | 7700 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 232189 | 6896 | SH |  | SOLE | 0 | 0 | 0 | 6896 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3280668 | 19339 | SH |  | SOLE | 0 | 0 | 0 | 19339 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7883075 | 20613 | SH |  | SOLE | 0 | 0 | 0 | 20613 |
| SPDR SER TR | PORTFOLI S | 78464A805 |  | 12470373 | 263700 | SH |  | SOLE | 0 | 0 | 0 | 263700 |
| SPDR SER TR | S OILGAS EXP | 78468R556 |  | 226920 | 1670 | SH |  | SOLE | 0 | 0 | 0 | 1670 |
| SPDR SER TR | MSCI USA STRTGIC | 78468R812 |  | 50095661 | 454135 | SH |  | SOLE | 0 | 0 | 0 | 454135 |
| STARBUCKS CORP | COM | 855244109 |  | 3267749 | 32941 | SH |  | SOLE | 0 | 0 | 0 | 32941 |
| STELLAR BANCORP INC | COM | 858927106 |  | 980370 | 33278 | SH |  | SOLE | 0 | 0 | 0 | 33278 |
| STRATEGY SHS | DAY HAGAN NED | 86280R803 |  | 1504670 | 49382 | SH |  | SOLE | 0 | 0 | 0 | 49382 |
| STRIDE INC | NOTE 1.125% 9/0 | 86333MAA6 |  | 31190 | 35000 | PRN |  | SOLE | 0 | 0 | 0 | 35000 |
| TARGA RES CORP | COM | 87612G101 |  | 230055 | 3130 | SH |  | SOLE | 0 | 0 | 0 | 3130 |
| TARGET CORP | COM | 87612E106 |  | 353762 | 2374 | SH |  | SOLE | 0 | 0 | 0 | 2374 |
| TESLA INC | COM | 88160R101 |  | 1062850 | 8628 | SH |  | SOLE | 0 | 0 | 0 | 8628 |
| TEXAS INSTRS INC | COM | 882508104 |  | 809075 | 4897 | SH |  | SOLE | 0 | 0 | 0 | 4897 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 623565 | 266 | SH |  | SOLE | 0 | 0 | 0 | 266 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2864323 | 5201 | SH |  | SOLE | 0 | 0 | 0 | 5201 |
| TILRAY BRANDS INC | COM CL 2 | 88688T100 |  | 91135 | 33879 | SH |  | SOLE | 0 | 0 | 0 | 33879 |
| TJX COS INC NEW | COM | 872540109 |  | 829889 | 10426 | SH |  | SOLE | 0 | 0 | 0 | 10426 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 366863 | 2183 | SH |  | SOLE | 0 | 0 | 0 | 2183 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 226488 | 1208 | SH |  | SOLE | 0 | 0 | 0 | 1208 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 420756 | 17014 | SH |  | SOLE | 0 | 0 | 0 | 17014 |
| UNION PAC CORP | COM | 907818108 |  | 695085 | 3357 | SH |  | SOLE | 0 | 0 | 0 | 3357 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 610178 | 3510 | SH |  | SOLE | 0 | 0 | 0 | 3510 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 832899 | 1571 | SH |  | SOLE | 0 | 0 | 0 | 1571 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 317042 | 2499 | SH |  | SOLE | 0 | 0 | 0 | 2499 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 114864 | 10156 | SH |  | SOLE | 0 | 0 | 0 | 10156 |
| VANECK ETF TRUST | ISRAEL ETF | 92189F635 |  | 223272 | 6255 | SH |  | SOLE | 0 | 0 | 0 | 6255 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 36450978 | 561562 | SH |  | SOLE | 0 | 0 | 0 | 561562 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 471468 | 2323 | SH |  | SOLE | 0 | 0 | 0 | 2323 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1867545 | 25996 | SH |  | SOLE | 0 | 0 | 0 | 25996 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1416230 | 4031 | SH |  | SOLE | 0 | 0 | 0 | 4031 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 480569 | 2514 | SH |  | SOLE | 0 | 0 | 0 | 2514 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 387938 | 1820 | SH |  | SOLE | 0 | 0 | 0 | 1820 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 300128 | 4265 | SH |  | SOLE | 0 | 0 | 0 | 4265 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 558715 | 9663 | SH |  | SOLE | 0 | 0 | 0 | 9663 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 540693 | 3561 | SH |  | SOLE | 0 | 0 | 0 | 3561 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 222309 | 696 | SH |  | SOLE | 0 | 0 | 0 | 696 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 4256518 | 108033 | SH |  | SOLE | 0 | 0 | 0 | 108033 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2516718 | 8715 | SH |  | SOLE | 0 | 0 | 0 | 8715 |
| VISA INC | COM CL A | 92826C839 |  | 3702860 | 17823 | SH |  | SOLE | 0 | 0 | 0 | 17823 |
| VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 6/1 | 928298AP3 |  | 33920 | 35000 | PRN |  | SOLE | 0 | 0 | 0 | 35000 |
| WAITR HLDGS INC | COM NEW | 930752209 |  | 15762 | 45293 | SH |  | SOLE | 0 | 0 | 0 | 45293 |
| WALMART INC | COM | 931142103 |  | 5582568 | 39372 | SH |  | SOLE | 0 | 0 | 0 | 39372 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 313940 | 33116 | SH |  | SOLE | 0 | 0 | 0 | 33116 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 289373 | 1845 | SH |  | SOLE | 0 | 0 | 0 | 1845 |
| WELLTOWER INC | COM | 95040Q104 |  | 248697 | 3794 | SH |  | SOLE | 0 | 0 | 0 | 3794 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 240528 | 1022 | SH |  | SOLE | 0 | 0 | 0 | 1022 |
| WILLIAMS COS INC | COM | 969457100 |  | 434774 | 13215 | SH |  | SOLE | 0 | 0 | 0 | 13215 |
| XCEL ENERGY INC | COM | 98389B100 |  | 543353 | 7750 | SH |  | SOLE | 0 | 0 | 0 | 7750 |

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