# EDGAR Filing Document

**Accession Number:** 0001714093
**File Stem:** 0001754960-25-000589
**Filing Date:** 2025-8
**Character Count:** 17785
**Document Hash:** f6987b056a0e9461bc58b2360d466da2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-25-000589.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001754960-25-000589

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250812

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Garner Asset Management Corp
- **CENTRAL INDEX KEY:** 0001714093

**ORGANIZATION NAME:**
- **EIN:** 481201163
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18125
- **FILM NUMBER:** 251208636

**BUSINESS ADDRESS:**
- **STREET 1:** 5904 WOODWIND DR
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75093
- **BUSINESS PHONE:** 2143876095

**MAIL ADDRESS:**
- **STREET 1:** 5904 WOODWIND DR
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75093

### 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:** Garner Asset Management Corp<br>**Address:** 5904 WOODWIND DR<br>PLANO, TX 75093

**Form 13F File Number:** 028-18125

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:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

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

Aryn Sands  Reno, NV  08-12-2025<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:** 148

**Form 13F Information Table Value Total:** $216302257

      (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 |
| EATON CORP PLC | SHS | G29183103 |  | 992075 | 2779 | SH |  | SOLE |  | 2779 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 253331 | 1145 | SH |  | SOLE |  | 1145 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3304978 | 114201 | SH |  | SOLE |  | 114201 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 269300 | 1980 | SH |  | SOLE |  | 1980 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 320996 | 1729 | SH |  | SOLE |  | 1729 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1071629 | 7552 | SH |  | SOLE |  | 7552 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 364864 | 1294 | SH |  | SOLE |  | 1294 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3493519 | 19694 | SH |  | SOLE |  | 19694 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1115557 | 6330 | SH |  | SOLE |  | 6330 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 5157420 | 23508 | SH |  | SOLE |  | 23508 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 431259 | 1352 | SH |  | SOLE |  | 1352 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 246499 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 722970 | 43474 | SH |  | SOLE |  | 43474 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 435712 | 23152 | SH |  | SOLE |  | 23152 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 1408783 | 111631 | SH |  | SOLE |  | 111631 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7541574 | 36758 | SH |  | SOLE |  | 36758 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2140949 | 11695 | SH |  | SOLE |  | 11695 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 236886 | 3390 | SH |  | SOLE |  | 3390 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1148427 | 3724 | SH |  | SOLE |  | 3724 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 3259847 | 16410 | SH |  | SOLE |  | 16410 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 1150791 | 76515 | SH |  | SOLE |  | 76515 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1084375 | 22916 | SH |  | SOLE |  | 22916 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11071670 | 22792 | SH |  | SOLE |  | 22792 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 350810 | 7295 | SH |  | SOLE |  | 7295 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 2371326 | 2260 | SH |  | SOLE |  | 2260 | 0 | 0 |
| BNY MELLON HIGH YIELD STRATE | SH BEN INT | 09660L105 |  | 59180 | 22762 | SH |  | SOLE |  | 22762 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 724415 | 3457 | SH |  | SOLE |  | 3457 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1262126 | 218 | SH |  | SOLE |  | 218 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 4224655 | 15326 | SH |  | SOLE |  | 15326 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 1642386 | 29732 | SH |  | SOLE |  | 29732 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2970338 | 10777 | SH |  | SOLE |  | 10777 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 257869 | 7903 | SH |  | SOLE |  | 7903 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1544892 | 15506 | SH |  | SOLE |  | 15506 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 727317 | 1874 | SH |  | SOLE |  | 1874 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3767497 | 26309 | SH |  | SOLE |  | 26309 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 683175 | 9847 | SH |  | SOLE |  | 9847 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2570063 | 28637 | SH |  | SOLE |  | 28637 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 645316 | 3967 | SH |  | SOLE |  | 3967 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2103138 | 39991 | SH |  | SOLE |  | 39991 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 909420 | 12202 | SH |  | SOLE |  | 12202 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3712311 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| CREDIT SUISSE HIGH YIELD BD | SH BEN INT | 22544F103 |  | 22380 | 10507 | SH |  | SOLE |  | 10507 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1212496 | 2385 | SH |  | SOLE |  | 2385 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 2276454 | 18568 | SH |  | SOLE |  | 18568 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 231881 | 1870 | SH |  | SOLE |  | 1870 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1786091 | 31601 | SH |  | SOLE |  | 31601 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 1010159 | 37988 | SH |  | SOLE |  | 37988 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 464070 | 10820 | SH |  | SOLE |  | 10820 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 424132 | 3594 | SH |  | SOLE |  | 3594 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 683117 | 9959 | SH |  | SOLE |  | 9959 | 0 | 0 |
| EATON VANCE MUN BD FD | COM | 27827X101 |  | 1370880 | 141766 | SH |  | SOLE |  | 141766 | 0 | 0 |
| EATON VANCE FLTING RATE INC | COM | 278279104 |  | 743100 | 59543 | SH |  | SOLE |  | 59543 | 0 | 0 |
| EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 |  | 698990 | 57672 | SH |  | SOLE |  | 57672 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 395990 | 2970 | SH |  | SOLE |  | 2970 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 341591 | 4956 | SH |  | SOLE |  | 4956 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 705662 | 6546 | SH |  | SOLE |  | 6546 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 948446 | 1285 | SH |  | SOLE |  | 1285 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1202613 | 5291 | SH |  | SOLE |  | 5291 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 923070 | 15036 | SH |  | SOLE |  | 15036 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 589322 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 238784 | 4638 | SH |  | SOLE |  | 4638 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1172870 | 4021 | SH |  | SOLE |  | 4021 | 0 | 0 |
| GLADSTONE INVT CORP | COM | 376546107 |  | 525203 | 36805 | SH |  | SOLE |  | 36805 | 0 | 0 |
| GLOBAL X FDS | RUSSELL 2000 | 37954Y459 |  | 609994 | 40912 | SH |  | SOLE |  | 40912 | 0 | 0 |
| GLOBAL X FDS | S 500 COVERED | 37954Y475 |  | 1863382 | 47853 | SH |  | SOLE |  | 47853 | 0 | 0 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 662620 | 39630 | SH |  | SOLE |  | 39630 | 0 | 0 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 1204398 | 107058 | SH |  | SOLE |  | 107058 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 1407982 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 592437 | 1616 | SH |  | SOLE |  | 1616 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2957021 | 10031 | SH |  | SOLE |  | 10031 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 2910232 | 62145 | SH |  | SOLE |  | 62145 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 14184240 | 25713 | SH |  | SOLE |  | 25713 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1063498 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 1156663 | 125998 | SH |  | SOLE |  | 125998 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 3465850 | 19070 | SH |  | SOLE |  | 19070 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 2008126 | 95991 | SH |  | SOLE |  | 95991 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 990417 | 9001 | SH |  | SOLE |  | 9001 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 465257 | 5205 | SH |  | SOLE |  | 5205 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 406658 | 3721 | SH |  | SOLE |  | 3721 | 0 | 0 |
| ISHARES TR | DOW JONES US ETF | 464287846 |  | 254870 | 1689 | SH |  | SOLE |  | 1689 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 219408 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 258275 | 5062 | SH |  | SOLE |  | 5062 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 486254 | 1677 | SH |  | SOLE |  | 1677 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 578140 | 3785 | SH |  | SOLE |  | 3785 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 3610232 | 283823 | SH |  | SOLE |  | 283823 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 677720 | 5257 | SH |  | SOLE |  | 5257 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 405356 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 851760 | 1839 | SH |  | SOLE |  | 1839 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 627902 | 2830 | SH |  | SOLE |  | 2830 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 551485 | 2639 | SH |  | SOLE |  | 2639 | 0 | 0 |
| SPHERE ENTERTAINMENT CO | CL A | 55826T102 |  | 236337 | 5654 | SH |  | SOLE |  | 5654 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 288710 | 514 | SH |  | SOLE |  | 514 | 0 | 0 |
| MASTERBRAND INC | COMMON STOCK | 57638P104 |  | 201833 | 18466 | SH |  | SOLE |  | 18466 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 452697 | 5971 | SH |  | SOLE |  | 5971 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 433749 | 5479 | SH |  | SOLE |  | 5479 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4310183 | 8665 | SH |  | SOLE |  | 8665 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 589040 | 4779 | SH |  | SOLE |  | 4779 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 797164 | 16576 | SH |  | SOLE |  | 16576 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1698203 | 12056 | SH |  | SOLE |  | 12056 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 520120 | 14258 | SH |  | SOLE |  | 14258 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 895878 | 669 | SH |  | SOLE |  | 669 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 09/01/2025 | 65339F713 |  | 833348 | 20970 | SH |  | SOLE |  | 20970 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 682568 | 2667 | SH |  | SOLE |  | 2667 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7974074 | 50472 | SH |  | SOLE |  | 50472 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 715931 | 18625 | SH |  | SOLE |  | 18625 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 327726 | 16313 | SH |  | SOLE |  | 16313 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 1449195 | 17753 | SH |  | SOLE |  | 17753 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 1420698 | 99072 | SH |  | SOLE |  | 99072 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2043535 | 9986 | SH |  | SOLE |  | 9986 | 0 | 0 |
| PENNANTPARK FLOATING RATE CA | COM | 70806A106 |  | 147375 | 14267 | SH |  | SOLE |  | 14267 | 0 | 0 |
| PENNANTPARK INVT CORP | COM | 708062104 |  | 541166 | 79118 | SH |  | SOLE |  | 79118 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 364722 | 2289 | SH |  | SOLE |  | 2289 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 305995 | 1147 | SH |  | SOLE |  | 1147 | 0 | 0 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 156668 | 49267 | SH |  | SOLE |  | 49267 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1654559 | 10389 | SH |  | SOLE |  | 10389 | 0 | 0 |
| RMR GROUP INC | CL A | 74967R106 |  | 6010590 | 367100 | SH |  | SOLE |  | 367100 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 632639 | 4333 | SH |  | SOLE |  | 4333 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1097359 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 362141 | 1090 | SH |  | SOLE |  | 1090 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1141519 | 1848 | SH |  | SOLE |  | 1848 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 1131209 | 11630 | SH |  | SOLE |  | 11630 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 257419 | 944 | SH |  | SOLE |  | 944 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1239284 | 13583 | SH |  | SOLE |  | 13583 | 0 | 0 |
| SEABOARD CORP DEL | COM | 811543107 |  | 1164508 | 407 | SH |  | SOLE |  | 407 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 301067 | 9702 | SH |  | SOLE |  | 9702 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 643653 | 5580 | SH |  | SOLE |  | 5580 | 0 | 0 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 950672 | 58902 | SH |  | SOLE |  | 58902 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 684673 | 7456 | SH |  | SOLE |  | 7456 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 616411 | 20270 | SH |  | SOLE |  | 20270 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 474116 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 881824 | 2776 | SH |  | SOLE |  | 2776 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1752610 | 8441 | SH |  | SOLE |  | 8441 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 329843 | 4108 | SH |  | SOLE |  | 4108 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2880745 | 10768 | SH |  | SOLE |  | 10768 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 681724 | 12187 | SH |  | SOLE |  | 12187 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 464586 | 7595 | SH |  | SOLE |  | 7595 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 345369 | 1501 | SH |  | SOLE |  | 1501 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1068577 | 10586 | SH |  | SOLE |  | 10586 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 673543 | 7563 | SH |  | SOLE |  | 7563 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 7410895 | 24384 | SH |  | SOLE |  | 24384 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 3804551 | 87926 | SH |  | SOLE |  | 87926 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3584434 | 36658 | SH |  | SOLE |  | 36658 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2092851 | 9146 | SH |  | SOLE |  | 9146 | 0 | 0 |
| WESTWOOD HLDGS GROUP INC | COM | 961765104 |  | 2079231 | 133184 | SH |  | SOLE |  | 133184 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 425342 | 16557 | SH |  | SOLE |  | 16557 | 0 | 0 |
| WHITESTONE REIT | COM | 966084204 |  | 498006 | 39904 | SH |  | SOLE |  | 39904 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 336153 | 5352 | SH |  | SOLE |  | 5352 | 0 | 0 |
| ZILLOW GROUP INC | CL A | 98954M101 |  | 1056116 | 15420 | SH |  | SOLE |  | 15420 | 0 | 0 |

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