# EDGAR Filing Document

**Accession Number:** 0001619899
**File Stem:** 0001214659-25-016489
**Filing Date:** 2025-11
**Character Count:** 21923
**Document Hash:** 03b122fe71af8cb3752a7a55a6b6a1cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-016489.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001214659-25-016489

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bramshill Investments, LLC
- **CENTRAL INDEX KEY:** 0001619899

**ORGANIZATION NAME:**
- **EIN:** 900848671
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18128
- **FILM NUMBER:** 251481314

**BUSINESS ADDRESS:**
- **STREET 1:** 801 LAUREL OAK DR.
- **STREET 2:** SUITE 300
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108
- **BUSINESS PHONE:** 2399207310

**MAIL ADDRESS:**
- **STREET 1:** 801 LAUREL OAK DR.
- **STREET 2:** SUITE 300
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108

### 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:** Bramshill Investments LLC<br>**Address:** 801 LAUREL OAK DR.<br>SUITE 300<br>NAPLES, FL 34108

**Form 13F File Number:** 028-18128

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:** Arthur DeGaetano<br>**Title:** Chief Investment Officer<br>**Phone:** 201-708-8150

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

/s/ Arthur DeGaetano  Naples, FL  11-14-2025<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:** 150

**Form 13F Information Table Value Total:** $1464351082

      (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 |
| iShares 0-5 Year High Yield Co | Exchange Traded Fund | 46434V407 | BBG005DW06C6 | 376377196 | 8692314 | SH |  | SOLE |  | 8692314 | 0 | 0 |
| iShares Preferred and Income S | Exchange Traded Fund | 464288687 | BBG000G7K7Q0 | 197266492 | 6238662 | SH |  | SOLE |  | 6238662 | 0 | 0 |
| iShares 20 Year Treasury Bond | Exchange Traded Fund | 464287432 | BBG000BJKYW3 | 143600610 | 1606810 | SH |  | SOLE |  | 1606810 | 0 | 0 |
| iShares Short Duration Bond Ac | Exchange Traded Fund | 46431W507 | BBG0059KNK13 | 128943973 | 2514508 | SH |  | SOLE |  | 2514508 | 0 | 0 |
| Vanguard Ultra Short Bond ETF | Exchange Traded Fund | 92203C303 | BBG00ZXBYLZ9 | 125138635 | 2503023 | SH |  | SOLE |  | 2503023 | 0 | 0 |
| PIMCO Enhanced Short Maturity | Exchange Traded Fund | 72201R833 | BBG000PVW5B4 | 93953573 | 933097 | SH |  | SOLE |  | 933097 | 0 | 0 |
| iShares 0-5 Year Investment Gr | Exchange Traded Fund | 46434V100 | BBG005DW0477 | 49166147 | 967266 | SH |  | SOLE |  | 967266 | 0 | 0 |
| Invesco Ultra Short Duration E | Exchange Traded Fund | 46090A887 | BBG00KJR1SL9 | 41518232 | 826495 | SH |  | SOLE |  | 826495 | 0 | 0 |
| JPMorgan Ultra-Short Income ET | Exchange Traded Fund | 46641Q837 | BBG00GP26N50 | 39609832 | 780797 | SH |  | SOLE |  | 780797 | 0 | 0 |
| Nuveen Quality Municipal Incom | Exchange Traded Fund | 67066V101 | BBG000BWLKT7 | 38018801 | 3252250 | SH |  | SOLE |  | 3252250 | 0 | 0 |
| Nuveen AMT-Free Quality Munici | Exchange Traded Fund | 670657105 | BBG000PC4J09 | 33955500 | 2981168 | SH |  | SOLE |  | 2981168 | 0 | 0 |
| Vanguard Long-Term Corporate B | Exchange Traded Fund | 92206C813 | BBG000PWZHX9 | 25181817 | 324299 | SH |  | SOLE |  | 324299 | 0 | 0 |
| PIMCO Municipal Income Fund II | Exchange Traded Fund | 72200W106 | BBG000F37M82 | 20631337 | 2608260 | SH |  | SOLE |  | 2608260 | 0 | 0 |
| VanEck Long Muni ETF | Exchange Traded Fund | 92189F536 | BBG000V2BFB2 | 11886365 | 679998 | SH |  | SOLE |  | 679998 | 0 | 0 |
| Invesco Senior Loan ETF | Exchange Traded Fund | 46138G508 | BBG001K94N28 | 9313850 | 445000 | SH |  | SOLE |  | 445000 | 0 | 0 |
| SPDR Blackstone Senior Loan ET | Exchange Traded Fund | 78467V608 | BBG004DF1D49 | 4906440 | 118000 | SH |  | SOLE |  | 118000 | 0 | 0 |
| Microsoft Corp | Equity | 594918104 | BBG000BPH459 | 3107700 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Technology Select Sector SPDR | Exchange Traded Fund | 81369Y803 | BBG000BJ7007 | 3100460 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| Financial Select Sector SPDR F | Exchange Traded Fund | 81369Y605 | BBG000BJ29X7 | 2989785 | 55500 | SH |  | SOLE |  | 55500 | 0 | 0 |
| Analog Devices Inc | Equity | 032654105 | BBG000BB6G37 | 2457000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Communication Services Select | Exchange Traded Fund | 81369Y852 | BBG00L5F9F38 | 2367400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| AGNC Investment Corp | Equity | 00123Q104 | BBG000TJ8XZ7 | 2196230 | 224334 | SH |  | SOLE |  | 224334 | 0 | 0 |
| Annaly Capital Management Inc | Equity | 035710839 | BBG000BJFJ98 | 2168210 | 107284 | SH |  | SOLE |  | 107284 | 0 | 0 |
| JPMorgan Ultra-Short Municipal | Exchange Traded Fund | 46641Q654 | BBG00M8D23F9 | 1880671 | 36847 | SH |  | SOLE |  | 36847 | 0 | 0 |
| Oracle Corp | Equity | 68389X105 | BBG000BQLTW7 | 1687440 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Cheniere Energy Partners LP | Equity Unit | 16411Q101 | BBG000QMH637 | 1652812 | 30710 | SH |  | SOLE |  | 30710 | 0 | 0 |
| Invesco Mortgage Capital Inc | Equity | 46131B704 | BBG000GGLZZ7 | 1577742 | 208696 | SH |  | SOLE |  | 208696 | 0 | 0 |
| Energy Transfer LP | Equity Unit | 29273V100 | BBG000BM2FL9 | 1577313 | 91918 | SH |  | SOLE |  | 91918 | 0 | 0 |
| Amazon.com Inc | Equity | 023135106 | BBG000BVPV84 | 1536990 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| Barrick Mining Corp | Equity | 06849F108 | BBG000BB07P9 | 1522429 | 46458 | SH |  | SOLE |  | 46458 | 0 | 0 |
| Delek Logistics Partners LP | Equity Unit | 24664T103 | BBG0036D62Z9 | 1491253 | 32746 | SH |  | SOLE |  | 32746 | 0 | 0 |
| CVR Partners LP | Equity Unit | 126633205 | BBG001CBC4Y0 | 1485448 | 16483 | SH |  | SOLE |  | 16483 | 0 | 0 |
| Enterprise Products Partners L | Equity Unit | 293792107 | BBG000BR3012 | 1485325 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| Starwood Property Trust Inc | Equity | 85571B105 | BBG000M1J270 | 1467219 | 75747 | SH |  | SOLE |  | 75747 | 0 | 0 |
| MPLX LP | Equity Unit | 55336V100 | BBG0035TJGV4 | 1463835 | 29306 | SH |  | SOLE |  | 29306 | 0 | 0 |
| Dynex Capital Inc | Equity | 26817Q886 | BBG000FBJQM6 | 1461920 | 118952 | SH |  | SOLE |  | 118952 | 0 | 0 |
| Brightstar Lottery PLC | Equity | G4863A108 | BBG0081VHTP3 | 1431647 | 82994 | SH |  | SOLE |  | 82994 | 0 | 0 |
| Newmont Corp | Equity | 651639106 | BBG000BPWXK1 | 1425429 | 16907 | SH |  | SOLE |  | 16907 | 0 | 0 |
| Home Depot Inc/The | Equity | 437076102 | BBG000BKZB36 | 1418165 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Palantir Technologies Inc | Equity | 69608A108 | BBG000N7QR55 | 1368150 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| Blackstone Secured Lending Fun | Equity | 09261X102 | BBG00MS80PM3 | 1357934 | 52088 | SH |  | SOLE |  | 52088 | 0 | 0 |
| Ares Capital Corp | Equity | 04010L103 | BBG000PD6X77 | 1323078 | 64825 | SH |  | SOLE |  | 64825 | 0 | 0 |
| Boeing Co/The | Equity | 097023105 | BBG000BCSST7 | 1294980 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| Parsons Corp | Equity | 70202L102 | BBG000C3TKY6 | 1289986 | 15557 | SH |  | SOLE |  | 15557 | 0 | 0 |
| Hess Midstream LP | Equity | 428103105 | BBG00R02H8D5 | 1257585 | 36399 | SH |  | SOLE |  | 36399 | 0 | 0 |
| SPDR S Biotech ETF | Exchange Traded Fund | 78464A870 | BBG000MQQ963 | 1252500 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| Netflix Inc | Equity | 64110L106 | BBG000CL9VN6 | 1198920 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| VanEck Semiconductor ETF | Exchange Traded Fund | 92189F676 | BBG000BV7ZQ5 | 1142260 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| USA Compression Partners LP | Equity Unit | 90290N109 | BBG001QYKF35 | 1128936 | 47039 | SH |  | SOLE |  | 47039 | 0 | 0 |
| Uber Technologies Inc | Equity | 90353T100 | BBG002B04MT8 | 1126655 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| Frontline PLC | Equity | M46528101 | BBG000BTQNQ6 | 1088017 | 47741 | SH |  | SOLE |  | 47741 | 0 | 0 |
| Rithm Capital Corp | Equity | 64828T201 | BBG003T1GM03 | 1069920 | 93935 | SH |  | SOLE |  | 93935 | 0 | 0 |
| FS KKR Capital Corp | Equity | 302635206 | BBG001YCZP63 | 1064121 | 71274 | SH |  | SOLE |  | 71274 | 0 | 0 |
| Agnico Eagle Mines Ltd | Equity | 008474108 | BBG000DLVDK3 | 1034284 | 6136 | SH |  | SOLE |  | 6136 | 0 | 0 |
| Kinetik Holdings Inc | Equity | 02215L209 | BBG00GCLZ7B8 | 1032855 | 24166 | SH |  | SOLE |  | 24166 | 0 | 0 |
| Enbridge Inc | Equity | 29250N105 | BBG000K5M1S8 | 1021815 | 20250 | SH |  | SOLE |  | 20250 | 0 | 0 |
| CrossAmerica Partners LP | Equity Unit | 22758A105 | BBG002Z9XD93 | 1014782 | 48254 | SH |  | SOLE |  | 48254 | 0 | 0 |
| NYLI CBRE Global Infrastructur | Exchange Traded Fund | 56064Q107 | BBG0104P5VC1 | 1008663 | 68710 | SH |  | SOLE |  | 68710 | 0 | 0 |
| FLEX LNG Ltd | Equity | G35947202 | BBG000R0MG54 | 1001297 | 39734 | SH |  | SOLE |  | 39734 | 0 | 0 |
| iShares Expanded Tech-Software | Exchange Traded Fund | 464287515 | BBG000BGQ921 | 977585 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| Macy's Inc | Equity | 55616P104 | BBG000C46HM9 | 968220 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| Anglogold Ashanti Plc | Equity | G0378L100 | BBG01HGVLP51 | 954730 | 13575 | SH |  | SOLE |  | 13575 | 0 | 0 |
| Plains All American Pipeline L | Equity Unit | 726503105 | BBG000BP63C5 | 953518 | 55892 | SH |  | SOLE |  | 55892 | 0 | 0 |
| Sabra Health Care REIT Inc | Equity | 78573L106 | BBG000MTDW24 | 938971 | 50374 | SH |  | SOLE |  | 50374 | 0 | 0 |
| Utilities Select Sector SPDR F | Exchange Traded Fund | 81369Y886 | BBG000BJ7G75 | 915705 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| Vanguard Real Estate ETF | Exchange Traded Fund | 922908553 | BBG000Q89NG6 | 914200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Nuveen Floating Rate Income Fu | Exchange Traded Fund | 67072T108 | BBG000JS9VM5 | 895645 | 109492 | SH |  | SOLE |  | 109492 | 0 | 0 |
| Alliance Resource Partners LP | Equity Unit | 01877R108 | BBG000C14X88 | 893218 | 35326 | SH |  | SOLE |  | 35326 | 0 | 0 |
| Dorian LPG Ltd | Equity | Y2106R110 | BBG006476H39 | 890603 | 29886 | SH |  | SOLE |  | 29886 | 0 | 0 |
| Genco Shipping  Trading Ltd | Equity | Y2685T131 | BBG006TBN8B5 | 863727 | 48524 | SH |  | SOLE |  | 48524 | 0 | 0 |
| Rio Tinto PLC | Depository Receipt | 767204100 | BBG000FD28T3 | 860836 | 13041 | SH |  | SOLE |  | 13041 | 0 | 0 |
| Invesco QQQ Trust Series 1 | Exchange Traded Fund | 46090E103 | BBG000BSWKH7 | 858529 | 1430 | SH |  | SOLE |  | 1430 | 0 | 0 |
| Black Stone Minerals LP | Equity Unit | 09225M101 | BBG008B5CF29 | 854783 | 65052 | SH |  | SOLE |  | 65052 | 0 | 0 |
| Iron Mountain Inc | Equity | 46284V101 | BBG000KCZPC3 | 840088 | 8241 | SH |  | SOLE |  | 8241 | 0 | 0 |
| Global Net Lease Inc | Equity | 379378201 | BBG004HXD0G8 | 834406 | 102633 | SH |  | SOLE |  | 102633 | 0 | 0 |
| Alerian MLP ETF | Exchange Traded Fund | 00162Q452 | BBG0015CS200 | 821275 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| Industrial Select Sector SPDR | Exchange Traded Fund | 81369Y704 | BBG000BJ2RF7 | 809708 | 5250 | SH |  | SOLE |  | 5250 | 0 | 0 |
| First Trust Smith Opportunisti | Exchange Traded Fund | 33740F805 | BBG00FZ4KFH5 | 799560 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| Templeton Emerging Markets Inc | Exchange Traded Fund | 880192109 | BBG000BBDJ42 | 792775 | 127867 | SH |  | SOLE |  | 127867 | 0 | 0 |
| AllianceBernstein Holding LP | Equity Unit | 01881G106 | BBG000B9WM03 | 790848 | 20692 | SH |  | SOLE |  | 20692 | 0 | 0 |
| Digital Realty Trust Inc | Equity | 253868103 | BBG000Q5ZRM7 | 790407 | 4572 | SH |  | SOLE |  | 4572 | 0 | 0 |
| Nuveen Credit Strategies Incom | Exchange Traded Fund | 67073D102 | BBG000PS9HF7 | 774542 | 146972 | SH |  | SOLE |  | 146972 | 0 | 0 |
| Best Buy Co Inc | Equity | 086516101 | BBG000BCWCG1 | 774198 | 10238 | SH |  | SOLE |  | 10238 | 0 | 0 |
| Waste Management Inc | Equity | 94106L109 | BBG000BWVSR1 | 772905 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Nuveen Variable Rate Preferred | Exchange Traded Fund | 67080R102 | BBG011B9SXD7 | 768141 | 38484 | SH |  | SOLE |  | 38484 | 0 | 0 |
| Kimbell Royalty Partners LP | Equity Unit | 49435R102 | BBG00FQH6MJ5 | 767257 | 56876 | SH |  | SOLE |  | 56876 | 0 | 0 |
| Energy Select Sector SPDR Fund | Exchange Traded Fund | 81369Y506 | BBG000BJ20S2 | 759390 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| OneMain Holdings Inc | Equity | 68268W103 | BBG005497GZ3 | 756282 | 13395 | SH |  | SOLE |  | 13395 | 0 | 0 |
| First Trust Smith Unconstraine | Exchange Traded Fund | 33740F888 | BBG00L2NXVS5 | 755655 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| Morgan Stanley Emerging Market | Exchange Traded Fund | 617477104 | BBG000PY8K68 | 753571 | 140069 | SH |  | SOLE |  | 140069 | 0 | 0 |
| Mondelez International Inc | Equity | 609207105 | BBG000D4LWF6 | 753201 | 12057 | SH |  | SOLE |  | 12057 | 0 | 0 |
| Campbell's Company/The | Equity | 134429109 | BBG000BG4202 | 749204 | 23724 | SH |  | SOLE |  | 23724 | 0 | 0 |
| Gaming and Leisure Properties | Equity | 36467J108 | BBG003MSMCS6 | 742451 | 15929 | SH |  | SOLE |  | 15929 | 0 | 0 |
| Neuberger Berman High Yield St | Exchange Traded Fund | 64128C106 | BBG000PQWM73 | 740460 | 98728 | SH |  | SOLE |  | 98728 | 0 | 0 |
| Bristol-Myers Squibb Co | Equity | 110122108 | BBG000DQLV23 | 739550 | 16398 | SH |  | SOLE |  | 16398 | 0 | 0 |
| VICI Properties Inc | Equity | 925652109 | BBG00HVVB499 | 737051 | 22602 | SH |  | SOLE |  | 22602 | 0 | 0 |
| PIMCO Dynamic Income Opportuni | Exchange Traded Fund | 69355M107 | BBG00ST5DTD3 | 735807 | 52111 | SH |  | SOLE |  | 52111 | 0 | 0 |
| Edison International | Equity | 281020107 | BBG000D7RKJ5 | 735445 | 13304 | SH |  | SOLE |  | 13304 | 0 | 0 |
| AES Corp/The | Equity | 00130H105 | BBG000C23KJ3 | 732420 | 55655 | SH |  | SOLE |  | 55655 | 0 | 0 |
| Sixth Street Specialty Lending | Equity | 83012A109 | BBG001DFW799 | 728663 | 31875 | SH |  | SOLE |  | 31875 | 0 | 0 |
| LyondellBasell Industries NV | Equity | N53745100 | BBG000WCFV84 | 714660 | 14573 | SH |  | SOLE |  | 14573 | 0 | 0 |
| Omega Healthcare Investors Inc | Equity | 681936100 | BBG000BGBTC2 | 713518 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| PIMCO Access Income Fund | Exchange Traded Fund | 72203T100 | BBG013RTHNP3 | 710592 | 43675 | SH |  | SOLE |  | 43675 | 0 | 0 |
| Clearway Energy Inc | Equity | 18539C204 | BBG008LJ4TF3 | 709810 | 25126 | SH |  | SOLE |  | 25126 | 0 | 0 |
| Apollo Commercial Real Estate | Equity | 03762U105 | BBG000NFPF36 | 708958 | 69986 | SH |  | SOLE |  | 69986 | 0 | 0 |
| Global Partners LP/MA | Equity Unit | 37946R109 | BBG000GJQQ22 | 707376 | 14737 | SH |  | SOLE |  | 14737 | 0 | 0 |
| Hercules Capital Inc | Equity | 427096508 | BBG000C2R8K2 | 702185 | 37133 | SH |  | SOLE |  | 37133 | 0 | 0 |
| FS Credit Opportunities Corp | Exchange Traded Fund | 30290Y101 | BBG01BG24766 | 701586 | 101532 | SH |  | SOLE |  | 101532 | 0 | 0 |
| Western Midstream Partners LP | Equity Unit | 958669103 | BBG003M3V230 | 701209 | 17847 | SH |  | SOLE |  | 17847 | 0 | 0 |
| Western Asset Diversified Inco | Exchange Traded Fund | 95790K109 | BBG00WF4D4T0 | 689384 | 46865 | SH |  | SOLE |  | 46865 | 0 | 0 |
| Exxon Mobil Corp | Equity | 30231G102 | BBG000GZQ728 | 676500 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| American Homes 4 Rent | Equity | 02665T306 | BBG003NXJNH6 | 675873 | 20327 | SH |  | SOLE |  | 20327 | 0 | 0 |
| Artisan Partners Asset Managem | Equity | 04316A108 | BBG001M6CZY1 | 671919 | 15482 | SH |  | SOLE |  | 15482 | 0 | 0 |
| NVIDIA Corp | Equity | 67066G104 | BBG000BBJQV0 | 653030 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Brandywine Realty Trust | Equity | 105368203 | BBG000CL6RJ3 | 638840 | 153199 | SH |  | SOLE |  | 153199 | 0 | 0 |
| Blue Owl Capital Corp | Equity | 69121K104 | BBG00DB0XYC4 | 623763 | 48846 | SH |  | SOLE |  | 48846 | 0 | 0 |
| Quanta Services Inc | Equity | 74762E102 | BBG000BBL8V7 | 621630 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| Morgan Stanley Emerging Market | Exchange Traded Fund | 61744H105 | BBG000BDY019 | 619589 | 84069 | SH |  | SOLE |  | 84069 | 0 | 0 |
| Nuveen Preferred  Income Oppo | Exchange Traded Fund | 67073B106 | BBG000BD4GK6 | 617345 | 75286 | SH |  | SOLE |  | 75286 | 0 | 0 |
| NextEra Energy Inc | Equity | 65339F101 | BBG000BJSBJ0 | 603920 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| iShares U.S. Medical Devices E | Exchange Traded Fund | 464288810 | BBG000P9YC26 | 600800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KKR Income Opportunities Fund | Exchange Traded Fund | 48249T106 | BBG004NRD5X4 | 593788 | 47126 | SH |  | SOLE |  | 47126 | 0 | 0 |
| Vistra Corp | Equity | 92840M102 | BBG00DXDL6Q1 | 587760 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| TXO Partners LP | Equity Unit | 87313P103 | BBG004DFHP54 | 578705 | 41189 | SH |  | SOLE |  | 41189 | 0 | 0 |
| Oaktree Specialty Lending Corp | Equity | 67401P405 | BBG000TKZRB3 | 568549 | 43567 | SH |  | SOLE |  | 43567 | 0 | 0 |
| Alphabet Inc | Equity | 02079K305 | BBG009S39JX6 | 562533 | 2314 | SH |  | SOLE |  | 2314 | 0 | 0 |
| EOG Resources Inc | Equity | 26875P101 | BBG000BZ9223 | 560600 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| MP Materials Corp | Equity | 553368101 | BBG00TJGL0F0 | 536560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SPDR S Regional Banking ETF | Exchange Traded Fund | 78464A698 | BBG000D82H52 | 506400 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| iShares U.S. Aerospace  Defen | Exchange Traded Fund | 464288760 | BBG000PB38X0 | 500131 | 2390 | SH |  | SOLE |  | 2390 | 0 | 0 |
| American Express Co | Equity | 025816109 | BBG000BCQZS4 | 498240 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| Marathon Petroleum Corp | Equity | 56585A102 | BBG001DCCGR8 | 481850 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| JPMorgan Chase  Co | Equity | 46625H100 | BBG000DMBXR2 | 473145 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| Simon Property Group Inc | Equity | 828806109 | BBG000BJ2D31 | 450408 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| Icahn Enterprises LP | Equity Unit | 451100101 | BBG000BB3080 | 427517 | 50774 | SH |  | SOLE |  | 50774 | 0 | 0 |
| Arch Capital Group Ltd | Equity | G0450A105 | BBG000HXNN20 | 408285 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| Global X Uranium ETF | Exchange Traded Fund | 37954Y871 | BBG0018JWV58 | 381360 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| Coinbase Global Inc | Equity | 19260Q107 | BBG00ZGF7771 | 337490 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SPDR S 500 ETF Trust | Exchange Traded Fund | 78462F103 | BBG000BDTBL9 | 330425 | 496 | SH |  | SOLE |  | 496 | 0 | 0 |
| Strategy Inc | Equity | 594972408 | BBG000GQJPZ0 | 322210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| iShares 7-10 Year Treasury Bon | Exchange Traded Fund | 464287440 | BBG000BHR296 | 288126 | 2987 | SH |  | SOLE |  | 2987 | 0 | 0 |
| abrdn Physical Platinum Shares | Exchange Traded Fund | 003260106 | BBG000Q4V1R6 | 285760 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| Unilever PLC | Depository Receipt | 904767704 | BBG000BW1442 | 266760 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| Walmart Inc | Equity | 931142103 | BBG000BWXBC2 | 257650 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| Invesco Quality Municipal Inco | Exchange Traded Fund | 46133G107 | BBG000BDH0S9 | 234923 | 23850 | SH |  | SOLE |  | 23850 | 0 | 0 |
| iShares Bitcoin Trust ETF | Exchange Traded Fund | 46438F101 | BBG01KYQ6PV3 | 227500 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| Johnson  Johnson | Equity | 478160104 | BBG000BMHYD1 | 225656 | 1217 | SH |  | SOLE |  | 1217 | 0 | 0 |
| United States Natural Gas Fund | Exchange Traded Fund | 912318409 | BBG000R695F9 | 163375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| BlackRock Municipal Income Tru | Exchange Traded Fund | 09249N101 | BBG000NWS486 | 160543 | 15363 | SH |  | SOLE |  | 15363 | 0 | 0 |
| Breakwave Dry Bulk Shipping ET | Exchange Traded Fund | 03210A107 | BBG00KDXJCX5 | 78855 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |

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