# EDGAR Filing Document

**Accession Number:** 0001130787
**File Stem:** 0001172661-25-002623
**Filing Date:** 2025-7
**Character Count:** 30586
**Document Hash:** 10d33bb7b55fd821c790c1dc4ad2a641
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002623.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001172661-25-002623

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250716

**EFFECTIVENESS DATE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EAGLE GLOBAL ADVISORS LLC
- **CENTRAL INDEX KEY:** 0001130787

**ORGANIZATION NAME:**
- **EIN:** 760518446
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06213
- **FILM NUMBER:** 251127025

**BUSINESS ADDRESS:**
- **STREET 1:** 1330 POST OAK BLVD.
- **STREET 2:** SUITE 3000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 7139523550

**MAIL ADDRESS:**
- **STREET 1:** 1330 POST OAK BLVD.
- **STREET 2:** SUITE 3000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** EAGLE GLOBAL ADVISORS LLC<br>**Address:** 1330 Post Oak Blvd.<br>Suite 3000<br>Houston, TX 77056

**Form 13F File Number:** 028-06213

**CRD Number (if applicable):** 000107306

**SEC File Number (if applicable):** 801-53294

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:** Steven S. Russo<br>**Title:** Partner<br>**Phone:** 713-952-3550

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

/s/   Steven S. Russo  Houston, TX  07-16-2025<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:** 267

**Form 13F Information Table Value Total:** $2470327153

      (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 |
| 3M CO | COM | 88579Y101 |  | 516855 | 3395 | SH |  | SOLE |  | 3395 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1625910 | 11954 | SH |  | SOLE |  | 11954 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 14870258 | 80111 | SH |  | SOLE |  | 66991 | 0 | 13120 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 9561740 | 31991 | SH |  | SOLE |  | 25646 | 0 | 6345 |
| ADOBE INC | COM | 00724F101 |  | 412414 | 1066 | SH |  | SOLE |  | 961 | 0 | 105 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 461448 | 3944 | SH |  | SOLE |  | 344 | 0 | 3600 |
| ALCON AG | ORD SHS | H01301128 |  | 9374747 | 106193 | SH |  | SOLE |  | 99301 | 0 | 6892 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3920965 | 34573 | SH |  | SOLE |  | 30413 | 0 | 4160 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 38141866 | 215017 | SH |  | SOLE |  | 173112 | 0 | 41905 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 31791363 | 180397 | SH |  | SOLE |  | 140647 | 0 | 39750 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 6306008 | 107556 | SH |  | SOLE |  | 105606 | 0 | 1950 |
| AMAZON COM INC | COM | 023135106 |  | 51964715 | 236860 | SH |  | SOLE |  | 189920 | 0 | 46940 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2041997 | 19680 | SH |  | SOLE |  | 19680 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 20569849 | 64486 | SH |  | SOLE |  | 51217 | 0 | 13269 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 853968 | 1600 | SH |  | SOLE |  | 1340 | 0 | 260 |
| AMGEN INC | COM | 031162100 |  | 466281 | 1670 | SH |  | SOLE |  | 1370 | 0 | 300 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 4243170 | 223914 | SH |  | SOLE |  | 223914 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 220658405 | 1075491 | SH |  | SOLE |  | 1011986 | 0 | 63505 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 2019991 | 91985 | SH |  | SOLE |  | 57815 | 0 | 34170 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 779400 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 3252198 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 5066995 | 6323 | SH |  | SOLE |  | 5328 | 0 | 995 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 3741114 | 53536 | SH |  | SOLE |  | 46461 | 0 | 7075 |
| AT INC | COM | 00206R102 |  | 310671 | 10735 | SH |  | SOLE |  | 7700 | 0 | 3035 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1252173 | 4060 | SH |  | SOLE |  | 4060 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 299446 | 19910 | SH |  | SOLE |  | 12660 | 0 | 7250 |
| BARINGS BDC INC | COM | 06759L103 |  | 313456 | 34295 | SH |  | SOLE |  | 21040 | 0 | 13255 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 13991633 | 28803 | SH |  | SOLE |  | 23189 | 0 | 5614 |
| BIOGEN INC | COM | 09062X103 |  | 329674 | 2625 | SH |  | SOLE |  | 2625 | 0 | 0 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 533169 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 1165716 | 89122 | SH |  | SOLE |  | 74698 | 0 | 14424 |
| BLACKROCK INC | COM | 09290D101 |  | 17331325 | 16518 | SH |  | SOLE |  | 12851 | 0 | 3667 |
| BLACKSTONE INC | COM | 09260D107 |  | 433782 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 684495 | 22260 | SH |  | SOLE |  | 13645 | 0 | 8615 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 878038 | 61230 | SH |  | SOLE |  | 38660 | 0 | 22570 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 16939467 | 2926 | SH |  | SOLE |  | 2321 | 0 | 605 |
| BRAINSWAY LTD | SPONSORED ADS | 10501L106 |  | 819587 | 62326 | SH |  | SOLE |  | 62326 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 774576 | 2810 | SH |  | SOLE |  | 2810 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 5653630 | 48450 | SH |  | SOLE |  | 38440 | 0 | 10010 |
| CAMECO CORP | COM | 13321L108 |  | 437957 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| CAMTEK LTD | ORD | M20791105 |  | 2655184 | 31400 | SH |  | SOLE |  | 31400 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 4477640 | 142600 | SH |  | SOLE |  | 142600 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 10135396 | 127859 | SH |  | SOLE |  | 117834 | 0 | 10025 |
| CATERPILLAR INC | COM | 149123101 |  | 12083975 | 31127 | SH |  | SOLE |  | 24327 | 0 | 6800 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 242490 | 1096 | SH |  | SOLE |  | 996 | 0 | 100 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 74049562 | 304080 | SH |  | SOLE |  | 260460 | 0 | 43620 |
| CHEVRON CORP NEW | COM | 166764100 |  | 12997495 | 90771 | SH |  | SOLE |  | 71605 | 0 | 19166 |
| CHUBB LIMITED | COM | H1467J104 |  | 1738320 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 894835 | 12898 | SH |  | SOLE |  | 12898 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1417248 | 16650 | SH |  | SOLE |  | 16650 | 0 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 2395292 | 79157 | SH |  | SOLE |  | 79157 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 8561316 | 121008 | SH |  | SOLE |  | 120773 | 0 | 235 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 266372 | 760 | SH |  | SOLE |  | 760 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 347581 | 5827 | SH |  | SOLE |  | 5827 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1162582 | 12955 | SH |  | SOLE |  | 12855 | 0 | 100 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1372624 | 1387 | SH |  | SOLE |  | 1187 | 0 | 200 |
| CRH PLC | ORD | G25508105 |  | 9195147 | 100165 | SH |  | SOLE |  | 93665 | 0 | 6500 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 17648380 | 36124 | SH |  | SOLE |  | 35296 | 0 | 828 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 5452192 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 380060 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 373828 | 205400 | SH |  | SOLE |  | 205400 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 5642579 | 45501 | SH |  | SOLE |  | 40189 | 0 | 5312 |
| DOVER CORP | COM | 260003108 |  | 338426 | 1847 | SH |  | SOLE |  | 1847 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 51041654 | 464395 | SH |  | SOLE |  | 400610 | 0 | 63785 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 562459 | 5570 | SH |  | SOLE |  | 5570 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 7686899 | 17101 | SH |  | SOLE |  | 17101 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 13229219 | 34012 | SH |  | SOLE |  | 27690 | 0 | 6322 |
| ELEVATION SERIES TRUST | TRUESHARES EAGLE | 210322749 |  | 1136776 | 46700 | SH |  | SOLE |  | 41700 | 0 | 5000 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 534890 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 213328 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| EMX RTY CORP | COM | 26873J107 |  | 307188 | 121900 | SH |  | SOLE |  | 121900 | 0 | 0 |
| ENCORE ENERGY CORP | COM NEW | 29259W700 |  | 221078 | 77300 | SH |  | SOLE |  | 77300 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 110637165 | 6102436 | SH |  | SOLE |  | 5321735 | 0 | 780701 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 63910028 | 2060949 | SH |  | SOLE |  | 1760018 | 0 | 300931 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 3393900 | 135000 | SH |  | SOLE |  | 135000 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 241500 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 20113713 | 186584 | SH |  | SOLE |  | 142275 | 0 | 44309 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 568639 | 6050 | SH |  | SOLE |  | 6050 | 0 | 0 |
| FIDUS INVT CORP | COM | 316500107 |  | 450965 | 22325 | SH |  | SOLE |  | 13695 | 0 | 8630 |
| FRANKLIN TEMPLETON DIGITAL H | BITCOIN ETF SHS | 354921108 |  | 480634 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | SENIOR LOAN ETF | 35473P595 |  | 1351792 | 55790 | SH |  | SOLE |  | 38970 | 0 | 16820 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 908182 | 20950 | SH |  | SOLE |  | 20950 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 490011 | 23615 | SH |  | SOLE |  | 14489 | 0 | 9126 |
| GE VERNOVA INC | COM | 36828A101 |  | 20006632 | 37809 | SH |  | SOLE |  | 29444 | 0 | 8365 |
| GENMAB A/S | SPONSORED ADS | 372303206 |  | 4344695 | 210295 | SH |  | SOLE |  | 193645 | 0 | 16650 |
| GOLD ROYALTY CORP | COMMON SHARES | 38071H106 |  | 309400 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9793844 | 13838 | SH |  | SOLE |  | 10758 | 0 | 3080 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 161296 | 11010 | SH |  | SOLE |  | 6750 | 0 | 4260 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 568225 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 |  | 1609799 | 59933 | SH |  | SOLE |  | 59933 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 2571760 | 248000 | SH |  | SOLE |  | 248000 | 0 | 0 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 |  | 13224528 | 1244076 | SH |  | SOLE |  | 1244076 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 4753157 | 61995 | SH |  | SOLE |  | 55260 | 0 | 6735 |
| HEICO CORP NEW | COM | 422806109 |  | 479196 | 1461 | SH |  | SOLE |  | 1461 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 477565 | 26125 | SH |  | SOLE |  | 16030 | 0 | 10095 |
| HERSHEY CO | COM | 427866108 |  | 351948 | 2121 | SH |  | SOLE |  | 1921 | 0 | 200 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 94497147 | 2453834 | SH |  | SOLE |  | 2077929 | 0 | 375905 |
| HOME DEPOT INC | COM | 437076102 |  | 22388898 | 61065 | SH |  | SOLE |  | 50195 | 0 | 10870 |
| HONEYWELL INTL INC | COM | 438516106 |  | 18497600 | 79430 | SH |  | SOLE |  | 62710 | 0 | 16720 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 |  | 254070 | 3764 | SH |  | SOLE |  | 3764 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 310873 | 29300 | SH |  | SOLE |  | 29300 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 2358164 | 70100 | SH |  | SOLE |  | 70100 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 1705566 | 247902 | SH |  | SOLE |  | 247902 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 262807 | 490 | SH |  | SOLE |  | 490 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 436643 | 1766 | SH |  | SOLE |  | 1766 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1593580 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 3915965 | 179056 | SH |  | SOLE |  | 153031 | 0 | 26025 |
| INTEL CORP | COM | 458140100 |  | 684342 | 30551 | SH |  | SOLE |  | 29351 | 0 | 1200 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 15640082 | 85246 | SH |  | SOLE |  | 68406 | 0 | 16840 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 221085 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | INVESCO PHLX SM | 46138G615 |  | 14644257 | 335416 | SH |  | SOLE |  | 261616 | 0 | 73800 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 24123999 | 43731 | SH |  | SOLE |  | 34325 | 0 | 9406 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 569253 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 226368 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 570167 | 11257 | SH |  | SOLE |  | 8917 | 0 | 2340 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1170342 | 10599 | SH |  | SOLE |  | 10519 | 0 | 80 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 254744 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 342027 | 1585 | SH |  | SOLE |  | 1585 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1048457 | 10035 | SH |  | SOLE |  | 10035 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1314480 | 14705 | SH |  | SOLE |  | 11305 | 0 | 3400 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 328006 | 3385 | SH |  | SOLE |  | 2535 | 0 | 850 |
| ISHARES TR | MBS ETF | 464288588 |  | 343825 | 3662 | SH |  | SOLE |  | 3112 | 0 | 550 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1987504 | 37296 | SH |  | SOLE |  | 37296 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2395568 | 45405 | SH |  | SOLE |  | 34795 | 0 | 10610 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 721133 | 15870 | SH |  | SOLE |  | 14400 | 0 | 1470 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 2132534 | 41798 | SH |  | SOLE |  | 40283 | 0 | 1515 |
| ISHARES TR | CORE S ETF | 464287200 |  | 519072 | 836 | SH |  | SOLE |  | 785 | 0 | 51 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 708219 | 7395 | SH |  | SOLE |  | 6650 | 0 | 745 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 356795 | 4043 | SH |  | SOLE |  | 4003 | 0 | 40 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 3567123 | 43050 | SH |  | SOLE |  | 33425 | 0 | 9625 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 222516 | 5158 | SH |  | SOLE |  | 4918 | 0 | 240 |
| ISHARES U S ETF TR | SHORT MATURITY M | 46431W838 |  | 1842395 | 36650 | SH |  | SOLE |  | 36650 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 3204880 | 472000 | SH |  | SOLE |  | 472000 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 154190 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 474005 | 9340 | SH |  | SOLE |  | 6090 | 0 | 3250 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 289260 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13880068 | 90868 | SH |  | SOLE |  | 78295 | 0 | 12573 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 50213559 | 173204 | SH |  | SOLE |  | 141838 | 0 | 31366 |
| JPMORGAN CHASE FINL CO LLC | CAL LKD 44 | 48133Q309 |  | 446335 | 14750 | SH |  | SOLE |  | 14470 | 0 | 280 |
| KAYNE ANDERSON BDC INC | COM SHS | 48662X105 |  | 204179 | 13380 | SH |  | SOLE |  | 8205 | 0 | 5175 |
| KELLANOVA | COM | 487836108 |  | 393673 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| KEMPER CORP | COM | 488401100 |  | 10265732 | 159060 | SH |  | SOLE |  | 159060 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 28404810 | 966150 | SH |  | SOLE |  | 832100 | 0 | 134050 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 11608761 | 263536 | SH |  | SOLE |  | 263536 | 0 | 0 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 14828939 | 181150 | SH |  | SOLE |  | 142290 | 0 | 38860 |
| LEONARDO DRS INC | COM | 52661A108 |  | 4508560 | 97000 | SH |  | SOLE |  | 97000 | 0 | 0 |
| LIGHTBRIDGE CORP | COM | 53224K302 |  | 136374 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 13178082 | 28087 | SH |  | SOLE |  | 22062 | 0 | 6025 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 2975000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 336240 | 726 | SH |  | SOLE |  | 726 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 434188 | 1957 | SH |  | SOLE |  | 1017 | 0 | 940 |
| MAGIC SOFTWARE ENTERPRISES L | ORD | 559166103 |  | 1391611 | 72783 | SH |  | SOLE |  | 72783 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 680536 | 11515 | SH |  | SOLE |  | 7060 | 0 | 4455 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1529976 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 21721427 | 38654 | SH |  | SOLE |  | 31112 | 0 | 7542 |
| MCDONALDS CORP | COM | 580135101 |  | 3798210 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 5836236 | 2233 | SH |  | SOLE |  | 1908 | 0 | 325 |
| MERCK  CO INC | COM | 58933Y105 |  | 12016996 | 151806 | SH |  | SOLE |  | 126907 | 0 | 24899 |
| META PLATFORMS INC | CL A | 30303M102 |  | 21371462 | 28955 | SH |  | SOLE |  | 23740 | 0 | 5215 |
| METALLA RTY  STREAMING LTD | COM NEW | 59124U605 |  | 306432 | 79800 | SH |  | SOLE |  | 79800 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 82529443 | 165918 | SH |  | SOLE |  | 132279 | 0 | 33639 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 4938289 | 359934 | SH |  | SOLE |  | 307494 | 0 | 52440 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 1024860 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 2987560 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2417389 | 35845 | SH |  | SOLE |  | 35845 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN | COM SHS | 61774A103 |  | 482976 | 25800 | SH |  | SOLE |  | 15815 | 0 | 9985 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 98876793 | 1919565 | SH |  | SOLE |  | 1620778 | 0 | 298787 |
| NATWEST GROUP PLC | SPONS ADR | 639057207 |  | 4989644 | 352625 | SH |  | SOLE |  | 300665 | 0 | 51960 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 12111460 | 218895 | SH |  | SOLE |  | 202145 | 0 | 16750 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 381700 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 20689648 | 298036 | SH |  | SOLE |  | 259892 | 0 | 38144 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 2917076 | 17270 | SH |  | SOLE |  | 17270 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 1310715 | 25550 | SH |  | SOLE |  | 25550 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 6329600 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 7268356 | 105308 | SH |  | SOLE |  | 87718 | 0 | 17590 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 52702647 | 333582 | SH |  | SOLE |  | 260772 | 0 | 72810 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 2046814 | 9368 | SH |  | SOLE |  | 9368 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 1886750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 44122403 | 540517 | SH |  | SOLE |  | 468398 | 0 | 72119 |
| ORACLE CORP | COM | 68389X105 |  | 288034 | 1317 | SH |  | SOLE |  | 1317 | 0 | 0 |
| ORIX CORP | SPONSORED ADR | 686330101 |  | 7052476 | 313165 | SH |  | SOLE |  | 282115 | 0 | 31050 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 1624974 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 14249697 | 69633 | SH |  | SOLE |  | 53790 | 0 | 15843 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 10569493 | 142216 | SH |  | SOLE |  | 113939 | 0 | 28277 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 3884160 | 103550 | SH |  | SOLE |  | 103550 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6392709 | 48415 | SH |  | SOLE |  | 46275 | 0 | 2140 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 1027071 | 82100 | SH |  | SOLE |  | 82100 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 328452 | 13550 | SH |  | SOLE |  | 11620 | 0 | 1930 |
| PG CORP | COM | 69331C108 |  | 8125382 | 582883 | SH |  | SOLE |  | 582883 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 30576631 | 167884 | SH |  | SOLE |  | 152604 | 0 | 15280 |
| PHILLIPS 66 | COM | 718546104 |  | 910122 | 7629 | SH |  | SOLE |  | 7579 | 0 | 50 |
| PIEDMONT LITHIUM INC | COM | 72016P105 |  | 80316 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 71020338 | 3876656 | SH |  | SOLE |  | 3086944 | 0 | 789712 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 21847092 | 1124400 | SH |  | SOLE |  | 1108000 | 0 | 16400 |
| POLARIS INC | COM | 731068102 |  | 228855 | 5630 | SH |  | SOLE |  | 5630 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8121178 | 50974 | SH |  | SOLE |  | 50809 | 0 | 165 |
| PROGRESSIVE CORP | COM | 743315103 |  | 11601806 | 43475 | SH |  | SOLE |  | 35725 | 0 | 7750 |
| QUALCOMM INC | COM | 747525103 |  | 8363351 | 52514 | SH |  | SOLE |  | 41464 | 0 | 11050 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 3041953 | 55980 | SH |  | SOLE |  | 48085 | 0 | 7895 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1213264 | 20800 | SH |  | SOLE |  | 20800 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 3921560 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 8696170 | 16492 | SH |  | SOLE |  | 16492 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 287640 | 30600 | SH |  | SOLE |  | 30600 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 5030422 | 16542 | SH |  | SOLE |  | 14162 | 0 | 2380 |
| SAPIENS INTL CORP N V | SHS | G7T16G103 |  | 1471275 | 50300 | SH |  | SOLE |  | 50300 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 386310 | 4555 | SH |  | SOLE |  | 2195 | 0 | 2360 |
| SHELL PLC | SPON ADS | 780259305 |  | 7026150 | 99789 | SH |  | SOLE |  | 85764 | 0 | 14025 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 336911 | 14150 | SH |  | SOLE |  | 8670 | 0 | 5480 |
| SKEENA RES LTD NEW | COM | 83056P715 |  | 162384 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 1696902 | 55400 | SH |  | SOLE |  | 55400 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 6889881 | 264690 | SH |  | SOLE |  | 225625 | 0 | 39065 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4048771 | 6553 | SH |  | SOLE |  | 5753 | 0 | 800 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 512664 | 905 | SH |  | SOLE |  | 755 | 0 | 150 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 326566 | 2406 | SH |  | SOLE |  | 2406 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 |  | 428220 | 10090 | SH |  | SOLE |  | 10090 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 384140 | 4030 | SH |  | SOLE |  | 4030 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 3301276 | 109350 | SH |  | SOLE |  | 92850 | 0 | 16500 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 |  | 2251980 | 47083 | SH |  | SOLE |  | 42083 | 0 | 5000 |
| SPDR SERIES TRUST | BLOOMBERG INVT | 78468R200 |  | 3935357 | 127647 | SH |  | SOLE |  | 110147 | 0 | 17500 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 1678659 | 18300 | SH |  | SOLE |  | 18300 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 7717262 | 84222 | SH |  | SOLE |  | 65297 | 0 | 18925 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 1155580 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 4699210 | 311000 | SH |  | SOLE |  | 311000 | 0 | 0 |
| SUMMIT MIDSTREAM CORPORATION | COM | 86614G101 |  | 4790635 | 195297 | SH |  | SOLE |  | 195297 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 4091787 | 108964 | SH |  | SOLE |  | 91274 | 0 | 17690 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 11479872 | 50686 | SH |  | SOLE |  | 47911 | 0 | 2775 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 1359350 | 4675 | SH |  | SOLE |  | 4675 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 87512627 | 502715 | SH |  | SOLE |  | 440360 | 0 | 62355 |
| TARGET CORP | COM | 87612E106 |  | 572170 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 227745 | 72300 | SH |  | SOLE |  | 72300 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 10358117 | 212300 | SH |  | SOLE |  | 212300 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 230166 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 14746328 | 36369 | SH |  | SOLE |  | 28239 | 0 | 8130 |
| T-MOBILE US INC | COM | 872590104 |  | 9699395 | 40709 | SH |  | SOLE |  | 31984 | 0 | 8725 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 2615002 | 60323 | SH |  | SOLE |  | 60323 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1946883 | 11302 | SH |  | SOLE |  | 9512 | 0 | 1790 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 39593315 | 90518 | SH |  | SOLE |  | 72013 | 0 | 18505 |
| TRINITY CAP INC | COM | 896442308 |  | 299410 | 21280 | SH |  | SOLE |  | 13055 | 0 | 8225 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 12663609 | 135730 | SH |  | SOLE |  | 106948 | 0 | 28782 |
| UNION PAC CORP | COM | 907818108 |  | 8421887 | 36604 | SH |  | SOLE |  | 29249 | 0 | 7355 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 768429 | 9650 | SH |  | SOLE |  | 9650 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 15436082 | 49479 | SH |  | SOLE |  | 39969 | 0 | 9510 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 480760 | 70700 | SH |  | SOLE |  | 70700 | 0 | 0 |
| URANIUM RTY CORP | COM | 91702V101 |  | 319750 | 127900 | SH |  | SOLE |  | 127900 | 0 | 0 |
| VANECK BITCOIN ETF | SH BEN INT | 92189K105 |  | 536272 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| VANECK ETF TRUST | SHRT HGH YLD MUN | 92189F387 |  | 573404 | 25384 | SH |  | SOLE |  | 13384 | 0 | 12000 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 283065 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 644242 | 8330 | SH |  | SOLE |  | 8330 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 639799 | 3620 | SH |  | SOLE |  | 2870 | 0 | 750 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2143932 | 3774 | SH |  | SOLE |  | 3764 | 0 | 10 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 267199 | 3975 | SH |  | SOLE |  | 3975 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1919034 | 39140 | SH |  | SOLE |  | 29640 | 0 | 9500 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2471098 | 31083 | SH |  | SOLE |  | 26783 | 0 | 4300 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 702551 | 12323 | SH |  | SOLE |  | 12023 | 0 | 300 |
| VARONIS SYS INC | COM | 922280102 |  | 2344650 | 46200 | SH |  | SOLE |  | 46200 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 22833075 | 64309 | SH |  | SOLE |  | 53386 | 0 | 10923 |
| WALMART INC | COM | 931142103 |  | 1620019 | 16568 | SH |  | SOLE |  | 16568 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 200217 | 875 | SH |  | SOLE |  | 875 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 258879 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 674450 | 8418 | SH |  | SOLE |  | 8253 | 0 | 165 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 74534265 | 1925950 | SH |  | SOLE |  | 1705510 | 0 | 220440 |
| WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 |  | 969155 | 43873 | SH |  | SOLE |  | 40873 | 0 | 3000 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 261318 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 46086272 | 733741 | SH |  | SOLE |  | 609357 | 0 | 124384 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1048320 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 263760 | 1780 | SH |  | SOLE |  | 1280 | 0 | 500 |
| ZOETIS INC | CL A | 98978V103 |  | 3035723 | 19466 | SH |  | SOLE |  | 19227 | 0 | 239 |

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