# EDGAR Filing Document

**Accession Number:** 0001539947
**File Stem:** 0001398344-25-015679
**Filing Date:** 2025-8
**Character Count:** 26397
**Document Hash:** 387037ae7e0977901d3065ee89543933
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-015679.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001398344-25-015679

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Family Management Corp
- **CENTRAL INDEX KEY:** 0001539947

**ORGANIZATION NAME:**
- **EIN:** 133462173
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14892
- **FILM NUMBER:** 251219632

**BUSINESS ADDRESS:**
- **STREET 1:** 155 E. 44TH STREET
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (212) 872-9600

**MAIL ADDRESS:**
- **STREET 1:** 155 E. 44TH STREET
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### 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:** Family Management Corp<br>**Address:** 155 E. 44TH STREET<br>21ST FLOOR<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-14892

**CRD Number (if applicable):** 000104951

**SEC File Number (if applicable):** 801-35943

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:** Philip Frank<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-872-9637

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

/s/ Philip Frank  New York, NY  08-14-2025<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:** 230

**Form 13F Information Table Value Total:** $668446012

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 334673 | 1803 | SH |  | SOLE |  | 1803 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 3734166 | 9652 | SH |  | SOLE |  | 9447 | 0 | 205 |
| AEVA TECHNOLOGIES INC | COM NEW | 00835Q202 |  | 841961 | 22280 | SH |  | SOLE |  | 22280 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 3250277 | 30820 | SH |  | SOLE |  | 29976 | 0 | 844 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2426974 | 21400 | SH |  | SOLE |  | 20943 | 0 | 457 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 11341 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1350115 | 7611 | SH |  | SOLE |  | 7611 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12201813 | 69238 | SH |  | SOLE |  | 67741 | 0 | 1497 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1163118 | 6600 | SH | Put | SOLE |  | 6600 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9229737 | 42070 | SH |  | SOLE |  | 41629 | 0 | 441 |
| AMAZON COM INC | COM | 023135106 |  | 504597 | 2300 | SH | Put | SOLE |  | 2300 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 135534 | 14748 | SH |  | SOLE |  | 14748 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 224640 | 2165 | SH |  | SOLE |  | 2165 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7078166 | 22190 | SH |  | SOLE |  | 22190 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 3303789 | 6190 | SH |  | SOLE |  | 6190 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 328351 | 1176 | SH |  | SOLE |  | 1176 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 204200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| APOGEE THERAPEUTICS INC | COM | 03770N101 |  | 297930 | 6860 | SH |  | SOLE |  | 6860 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 21693855 | 105736 | SH |  | SOLE |  | 95623 | 0 | 10113 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 1407285 | 64084 | SH |  | SOLE |  | 64084 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 1455565 | 20708 | SH |  | SOLE |  | 20708 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 26663 | 1095 | SH |  | SOLE |  | 1095 | 0 | 0 |
| ARK ETF TR | 3D PRINTING ETF | 00214Q500 |  | 7500 | 343 | SH |  | SOLE |  | 343 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 267664 | 334 | SH |  | SOLE |  | 334 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 209612 | 7243 | SH |  | SOLE |  | 7243 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 299015 | 6319 | SH |  | SOLE |  | 6319 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 7278 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 3310482 | 36335 | SH |  | SOLE |  | 35334 | 0 | 1001 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4804265 | 9890 | SH |  | SOLE |  | 9880 | 0 | 10 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 502635 | 14827 | SH |  | SOLE |  | 14827 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 520152 | 39767 | SH |  | SOLE |  | 39767 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 5211134 | 98621 | SH |  | SOLE |  | 98621 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 601162 | 4019 | SH |  | SOLE |  | 4019 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 7549169 | 1304 | SH |  | SOLE |  | 1271 | 0 | 33 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3036624 | 65600 | SH |  | SOLE |  | 64078 | 0 | 1522 |
| BROADCOM INC | COM | 11135F101 |  | 1753134 | 6360 | SH |  | SOLE |  | 6360 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 716690 | 2600 | SH | Put | SOLE |  | 2600 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 209266 | 3788 | SH |  | SOLE |  | 3788 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 605212 | 9797 | SH |  | SOLE |  | 9797 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 201222 | 653 | SH |  | SOLE |  | 653 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3857126 | 18129 | SH |  | SOLE |  | 17638 | 0 | 491 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 3884496 | 23122 | SH |  | SOLE |  | 22500 | 0 | 622 |
| CATERPILLAR INC | COM | 149123101 |  | 3951201 | 10178 | SH |  | SOLE |  | 9947 | 0 | 231 |
| CF INDS HLDGS INC | COM | 125269100 |  | 4193912 | 45586 | SH |  | SOLE |  | 44342 | 0 | 1244 |
| CHUBB LIMITED | COM | H1467J104 |  | 412851 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 380662 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 249352 | 3594 | SH |  | SOLE |  | 3594 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 7672547 | 90138 | SH |  | SOLE |  | 87929 | 0 | 2209 |
| COCA COLA CO | COM | 191216100 |  | 222155 | 3140 | SH |  | SOLE |  | 3140 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 214030 | 2385 | SH |  | SOLE |  | 2385 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 382793 | 1186 | SH |  | SOLE |  | 1186 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 2740170 | 8258 | SH |  | SOLE |  | 8028 | 0 | 230 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 644451 | 651 | SH |  | SOLE |  | 651 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 608116 | 1194 | SH |  | SOLE |  | 1194 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 2163149 | 16779 | SH |  | SOLE |  | 16332 | 0 | 447 |
| EATON CORP PLC | SHS | G29183103 |  | 359489 | 1007 | SH |  | SOLE |  | 1007 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 405356 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 247728 | 13664 | SH |  | SOLE |  | 13664 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 547078 | 17642 | SH |  | SOLE |  | 17642 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 4290530 | 35871 | SH |  | SOLE |  | 35018 | 0 | 853 |
| EXCHANGE LISTED FDS TR | SABA INT RATE | 30151E806 |  | 1476136 | 66373 | SH |  | SOLE |  | 66373 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 609609 | 5655 | SH |  | SOLE |  | 3560 | 0 | 2095 |
| FASTENAL CO | COM | 311900104 |  | 806484 | 19202 | SH |  | SOLE |  | 19202 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 3732945 | 1908 | SH |  | SOLE |  | 1856 | 0 | 52 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 1746493 | 27837 | SH |  | SOLE |  | 27837 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 1776804 | 31706 | SH |  | SOLE |  | 30795 | 0 | 911 |
| GE AEROSPACE | COM NEW | 369604301 |  | 303205 | 1178 | SH |  | SOLE |  | 1178 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 207240 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 5673883 | 51176 | SH |  | SOLE |  | 49768 | 0 | 1408 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 11762572 | 96907 | SH |  | SOLE |  | 91705 | 0 | 5202 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 935153 | 63833 | SH |  | SOLE |  | 63833 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 6203182 | 16919 | SH |  | SOLE |  | 16532 | 0 | 387 |
| HONEYWELL INTL INC | COM | 438516106 |  | 201441 | 865 | SH |  | SOLE |  | 865 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 3225669 | 13194 | SH |  | SOLE |  | 12869 | 0 | 325 |
| HUT 8 CORP | COM | 44812J104 |  | 186000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 217941 | 1607 | SH |  | SOLE |  | 1607 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 665318 | 2257 | SH |  | SOLE |  | 767 | 0 | 1490 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 367889 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW REGL BKG | 46138E578 |  | 482084 | 8342 | SH |  | SOLE |  | 8342 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 774714 | 10817 | SH |  | SOLE |  | 10817 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S SMLCAP QTY | 46138G300 |  | 1001388 | 24586 | SH |  | SOLE |  | 24586 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 7040 | 31 | SH |  | SOLE |  | 31 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7081403 | 12837 | SH |  | SOLE |  | 12788 | 0 | 49 |
| INVESCO VALUE MUN INCOME TR | COM | 46132P108 |  | 244987 | 21047 | SH |  | SOLE |  | 21047 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1744363 | 28498 | SH |  | SOLE |  | 28498 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 2386954 | 38277 | SH |  | SOLE |  | 38277 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 6937050 | 22793 | SH |  | SOLE |  | 22793 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 12738728 | 94333 | SH |  | SOLE |  | 94333 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 17397 | 131 | SH |  | SOLE |  | 131 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 64992 | 1768 | SH |  | SOLE |  | 1768 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3173677 | 5111 | SH |  | SOLE |  | 5111 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 556445 | 5054 | SH |  | SOLE |  | 5054 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 133863 | 685 | SH |  | SOLE |  | 685 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 360242 | 4030 | SH |  | SOLE |  | 4030 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 310348 | 5004 | SH |  | SOLE |  | 5004 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 139161 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 993093 | 2339 | SH |  | SOLE |  | 2339 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 137526 | 405 | SH |  | SOLE |  | 405 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 117488 | 411 | SH |  | SOLE |  | 411 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 10574 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 2941384 | 31083 | SH |  | SOLE |  | 31083 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 120771 | 803 | SH |  | SOLE |  | 803 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 668822 | 3860 | SH |  | SOLE |  | 3860 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 42360 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 596614 | 5459 | SH |  | SOLE |  | 5459 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 27937 | 2131 | SH |  | SOLE |  | 2131 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 52037 | 986 | SH |  | SOLE |  | 986 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 26914 | 226 | SH |  | SOLE |  | 226 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 37482014 | 339450 | SH |  | SOLE |  | 336029 | 0 | 3421 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 20954 | 683 | SH |  | SOLE |  | 683 | 0 | 0 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 1691 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 213701 | 1686 | SH |  | SOLE |  | 1686 | 0 | 0 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 10643562 | 43177 | SH |  | SOLE |  | 43115 | 0 | 62 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 3094894 | 32970 | SH |  | SOLE |  | 32830 | 0 | 140 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 27791199 | 152014 | SH |  | SOLE |  | 148602 | 0 | 3412 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 3429584 | 30294 | SH |  | SOLE |  | 30294 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 13698 | 57 | SH |  | SOLE |  | 57 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 4999792 | 64672 | SH |  | SOLE |  | 64672 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 49298 | 771 | SH |  | SOLE |  | 771 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 4247115 | 83753 | SH |  | SOLE |  | 68161 | 0 | 15592 |
| ITT INC | COM | 45073V108 |  | 208584 | 1330 | SH |  | SOLE |  | 1330 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 1413060 | 27882 | SH |  | SOLE |  | 8424 | 0 | 19458 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 223040 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | U S TECH LEADERS | 46654Q732 |  | 547301 | 6480 | SH |  | SOLE |  | 6480 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5554601 | 36364 | SH |  | SOLE |  | 33094 | 0 | 3270 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 4905349 | 19178 | SH |  | SOLE |  | 18659 | 0 | 519 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 6486736 | 22375 | SH |  | SOLE |  | 21932 | 0 | 443 |
| KKR  CO INC | COM | 48251W104 |  | 603690 | 4538 | SH |  | SOLE |  | 4538 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 6229894 | 86852 | SH |  | SOLE |  | 84836 | 0 | 2016 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 1155550 | 17099 | SH |  | SOLE |  | 17099 | 0 | 0 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 189224 | 2800 | SH | Put | SOLE |  | 2800 | 0 | 0 |
| LEGG MASON ETF INVT | CLEARBRIDEG LR | 524682200 |  | 508694 | 6414 | SH |  | SOLE |  | 6414 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3690763 | 7969 | SH |  | SOLE |  | 7758 | 0 | 211 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3394624 | 20436 | SH |  | SOLE |  | 19905 | 0 | 531 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 338159 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 633306 | 1127 | SH |  | SOLE |  | 1127 | 0 | 0 |
| MEIRAGTX HLDGS PLC | COM | G59665102 |  | 65200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 446931 | 171 | SH |  | SOLE |  | 171 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 334609 | 4227 | SH |  | SOLE |  | 4227 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 17836683 | 24166 | SH |  | SOLE |  | 23710 | 0 | 456 |
| META PLATFORMS INC | CL A | 30303M102 |  | 147618 | 200 | SH | Put | SOLE |  | 200 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 23849317 | 47947 | SH |  | SOLE |  | 47171 | 0 | 776 |
| MICROSOFT CORP | COM | 594918104 |  | 1144043 | 2300 | SH | Put | SOLE |  | 2300 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 333490 | 825 | SH |  | SOLE |  | 825 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 274677 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 555739 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |
| NORTHERN LTS FD TR II | FUTURE FD LNG SH | 66538F165 |  | 105736 | 4176 | SH |  | SOLE |  | 4176 | 0 | 0 |
| NORTHERN LTS FD TR II | ONE GLOBAL ETF | 66538F231 |  | 121577 | 4378 | SH |  | SOLE |  | 4378 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 2542057 | 21007 | SH |  | SOLE |  | 20507 | 0 | 500 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 229837 | 3330 | SH |  | SOLE |  | 3330 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 8490668 | 52875 | SH |  | SOLE |  | 51703 | 0 | 1172 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 177477 | 14889 | SH |  | SOLE |  | 14889 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 28378954 | 179625 | SH |  | SOLE |  | 176883 | 0 | 2742 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1564101 | 9900 | SH | Put | SOLE |  | 9900 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 54873 | 1047 | SH |  | SOLE |  | 1047 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 262050 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 351994 | 1610 | SH |  | SOLE |  | 1610 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 2286270 | 16625 | SH |  | SOLE |  | 16190 | 0 | 435 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 11217258 | 281734 | SH |  | SOLE |  | 281522 | 0 | 212 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 212250 | 1557 | SH |  | SOLE |  | 1557 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 247205 | 1208 | SH |  | SOLE |  | 1208 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 379269 | 543 | SH |  | SOLE |  | 543 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 429262 | 3251 | SH |  | SOLE |  | 3251 | 0 | 0 |
| PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 |  | 157283 | 12623 | SH |  | SOLE |  | 12623 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3206904 | 132298 | SH |  | SOLE |  | 120934 | 0 | 11364 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 271556 | 1491 | SH |  | SOLE |  | 1491 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 2777605 | 61752 | SH |  | SOLE |  | 60064 | 0 | 1688 |
| PIMCO DYNAMIC INCOME STRATEG | COM SHS BEN INT | 69346N107 |  | 832973 | 33792 | SH |  | SOLE |  | 33792 | 0 | 0 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 9451637 | 356128 | SH |  | SOLE |  | 328998 | 0 | 27130 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 57779644 | 574722 | SH |  | SOLE |  | 550932 | 0 | 23790 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 232086 | 4626 | SH |  | SOLE |  | 4626 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 209866 | 720 | SH |  | SOLE |  | 720 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 731279 | 4590 | SH |  | SOLE |  | 4590 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 790706 | 2963 | SH |  | SOLE |  | 2963 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 2579657 | 24461 | SH |  | SOLE |  | 23792 | 0 | 669 |
| QUALCOMM INC | COM | 747525103 |  | 5761868 | 36179 | SH |  | SOLE |  | 35310 | 0 | 869 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2134650 | 4066 | SH |  | SOLE |  | 3985 | 0 | 81 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 2592715 | 229647 | SH |  | SOLE |  | 229647 | 0 | 0 |
| RITHM PPTY TR INC | COM | 38983D300 |  | 1877286 | 695291 | SH |  | SOLE |  | 695291 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 431197 | 2953 | SH |  | SOLE |  | 2953 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 6475569 | 23747 | SH |  | SOLE |  | 23149 | 0 | 598 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1507235 | 61671 | SH |  | SOLE |  | 61671 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 221483 | 7896 | SH |  | SOLE |  | 7896 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 274028 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 2348 | 29 | SH |  | SOLE |  | 29 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 2825 | 13 | SH |  | SOLE |  | 13 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 39352 | 464 | SH |  | SOLE |  | 464 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 4294 | 82 | SH |  | SOLE |  | 82 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 23804 | 94 | SH |  | SOLE |  | 94 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 13349 | 123 | SH |  | SOLE |  | 123 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 580 | 14 | SH |  | SOLE |  | 14 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1307 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 376277 | 366 | SH |  | SOLE |  | 302 | 0 | 64 |
| SHELL PLC | SPON ADS | 780259305 |  | 4661705 | 66208 | SH |  | SOLE |  | 61009 | 0 | 5199 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1078837 | 3142 | SH |  | SOLE |  | 3142 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 361046 | 3130 | SH |  | SOLE |  | 2880 | 0 | 250 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 |  | 9974072 | 199123 | SH |  | SOLE |  | 197212 | 0 | 1911 |
| SIMPLIFY EXCHANGE TRADED FUN | SHORT TERM TREA | 82889N657 |  | 732696 | 33259 | SH |  | SOLE |  | 33259 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 4773812 | 15341 | SH |  | SOLE |  | 14970 | 0 | 371 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 769391 | 2524 | SH |  | SOLE |  | 2524 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFLO EURP ETF | 78463X103 |  | 784470 | 16188 | SH |  | SOLE |  | 16188 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 26256060 | 42496 | SH |  | SOLE |  | 42346 | 0 | 150 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4324950 | 7000 | SH | Put | SOLE |  | 7000 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 2885642 | 31458 | SH |  | SOLE |  | 31458 | 0 | 0 |
| SSGA ACTIVE TR | SPDR BRIDGEWATER | 78470P630 |  | 308617 | 11838 | SH |  | SOLE |  | 11838 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 980200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6106397 | 26961 | SH |  | SOLE |  | 26423 | 0 | 538 |
| TELEFONAKTIEBOLAGET LM ERICS | ADR B SEK 10 | 294821608 |  | 135833 | 16018 | SH |  | SOLE |  | 16018 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 4093511 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 284360 | 187 | SH |  | SOLE |  | 187 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 303476 | 1319 | SH |  | SOLE |  | 1319 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 208084 | 667 | SH |  | SOLE |  | 667 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 2248197 | 27838 | SH |  | SOLE |  | 27081 | 0 | 757 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1471795 | 2591 | SH |  | SOLE |  | 2591 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 1786538 | 6282 | SH |  | SOLE |  | 6260 | 0 | 22 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 131240 | 469 | SH |  | SOLE |  | 469 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 26304 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 8960365 | 50698 | SH |  | SOLE |  | 50698 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 35547 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1607486 | 5289 | SH |  | SOLE |  | 5289 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 1157451 | 9006 | SH |  | SOLE |  | 9006 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 58824 | 875 | SH |  | SOLE |  | 875 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 31000 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 19935063 | 97401 | SH |  | SOLE |  | 96227 | 0 | 1174 |
| VERONA PHARMA PLC | SPONSORED ADS | 925050106 |  | 543930 | 5751 | SH |  | SOLE |  | 5751 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 6210535 | 17492 | SH |  | SOLE |  | 17144 | 0 | 348 |
| WALMART INC | COM | 931142103 |  | 1212276 | 12398 | SH |  | SOLE |  | 12398 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 347400 | 4336 | SH |  | SOLE |  | 4336 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 11741 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 344098 | 2660 | SH |  | SOLE |  | 2660 | 0 | 0 |

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