# EDGAR Filing Document

**Accession Number:** 0001278678
**File Stem:** 0001278678-25-000007
**Filing Date:** 2025-7
**Character Count:** 20233
**Document Hash:** 73bc3de928e45e044d7810d747b2b296
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001278678-25-000007.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001278678-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**EFFECTIVENESS DATE**: 20250728

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC
- **CENTRAL INDEX KEY:** 0001278678

**ORGANIZATION NAME:**
- **EIN:** 382251232
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10694
- **FILM NUMBER:** 251154916

**BUSINESS ADDRESS:**
- **STREET 1:** 40705 WOODWARD AVENUE
- **STREET 2:** STE 150
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304
- **BUSINESS PHONE:** 2483582282

**MAIL ADDRESS:**
- **STREET 1:** 40705 WOODWARD AVENUE
- **STREET 2:** STE 150
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304

### 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:** DEROY  DEVEREAUX PRIVATE INVESTMENT COUNSEL INC<br>**Address:** 40705 WOODWARD AVENUE<br>STE 150<br>BLOOMFIELD HILLS, MI 48304

**Form 13F File Number:** 028-10694

**CRD Number (if applicable):** 000121560

**SEC File Number (if applicable):** 801-61316

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:** Mary E Grabel<br>**Title:** Chief Compliance Officer<br>**Phone:** 248-358-3220

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

Mary E Grabel  Bloomfield Hills, MI  07-28-2025<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:** 168

**Form 13F Information Table Value Total:** $1849132

      (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 |
| Novartis AG | SPONSORED ADR | 66987v109 |  | 250 | 2062 | SH |  | SOLE |  | 0 | 0 | 2062 |
| AGCO Corp | COM | 001084102 |  | 4678 | 45343 | SH |  | SOLE |  | 40835 | 0 | 4508 |
| AT Inc | COM | 00206r102 |  | 22836 | 789082 | SH |  | SOLE |  | 235865 | 0 | 553217 |
| Abercrombie and Fitch Co | CL A | 002896207 |  | 26681 | 322035 | SH |  | SOLE |  | 115905 | 0 | 206130 |
| Agilent Technologies Inc | COM | 00846u101 |  | 16188 | 137173 | SH |  | SOLE |  | 40710 | 0 | 96463 |
| Alaska Air Group Inc | COM | 011659109 |  | 5094 | 102945 | SH |  | SOLE |  | 90930 | 0 | 12015 |
| Allstate Corp | COM | 020002101 |  | 20673 | 102694 | SH |  | SOLE |  | 28100 | 0 | 74594 |
| Alphabet Inc | CAP STK CL A | 02079K305 |  | 3160 | 17932 | SH |  | SOLE |  | 0 | 0 | 17932 |
| Alphabet Inc | CAP STK CL C | 02079K107 |  | 23722 | 133730 | SH |  | SOLE |  | 34375 | 0 | 99355 |
| Alpine Income Ppty Tr Inc | COM | 02083X103 |  | 182 | 12400 | SH |  | SOLE |  | 0 | 0 | 12400 |
| Amazon.com Inc | COM | 023135106 |  | 4038 | 18405 | SH |  | SOLE |  | 0 | 0 | 18405 |
| Amdocs Ltd | SHS | G02602103 |  | 26853 | 294307 | SH |  | SOLE |  | 114755 | 0 | 179552 |
| American Express Co | COM | 025816109 |  | 839 | 2629 | SH |  | SOLE |  | 0 | 0 | 2629 |
| Analog Devices Inc | COM | 032654105 |  | 596 | 2504 | SH |  | SOLE |  | 0 | 0 | 2504 |
| Apple Hospitality REIT Inc | COM NEW | 03784Y200 |  | 3200 | 274167 | SH |  | SOLE |  | 228822 | 0 | 45345 |
| Apple Inc | COM | 037833100 |  | 14941 | 72825 | SH |  | SOLE |  | 0 | 0 | 72825 |
| Atlantic Union Bankshares Corp | COM | 04911A107 |  | 2891 | 92415 | SH |  | SOLE |  | 79450 | 0 | 12965 |
| AutoZone Inc | COM | 053332102 |  | 38778 | 10446 | SH |  | SOLE |  | 2995 | 0 | 7451 |
| Bank of America Corp | COM | 060505104 |  | 799 | 16880 | SH |  | SOLE |  | 0 | 0 | 16880 |
| Becton Dickinson  Co | COM | 075887109 |  | 26896 | 156143 | SH |  | SOLE |  | 44845 | 0 | 111298 |
| Berkshire Hathaway Inc Del | CL B NEW | 084670702 |  | 793 | 1633 | SH |  | SOLE |  | 0 | 0 | 1633 |
| Blue Bird Corp | COM | 095306106 |  | 35525 | 823096 | SH |  | SOLE |  | 312315 | 0 | 510781 |
| Broadcom Inc | COM | 11135F101 |  | 498 | 1807 | SH |  | SOLE |  | 0 | 0 | 1807 |
| Brunswick Corp | COM | 117043109 |  | 19626 | 355292 | SH |  | SOLE |  | 137070 | 0 | 218222 |
| CACI International Inc | CL A | 127190304 |  | 36815 | 77229 | SH |  | SOLE |  | 25190 | 0 | 52039 |
| CVS Health Corp | COM | 126650100 |  | 26977 | 391086 | SH |  | SOLE |  | 108360 | 0 | 282726 |
| Capital One Financial | COM | 14040H105 |  | 33050 | 155339 | SH |  | SOLE |  | 42684 | 0 | 112655 |
| Carlisle Cos | COM | 142339100 |  | 36549 | 97881 | SH |  | SOLE |  | 37890 | 0 | 59991 |
| Carlyle Group Inc | COM | 14316J108 |  | 4173 | 81185 | SH |  | SOLE |  | 71580 | 0 | 9605 |
| Carriage Services Inc | COM | 143905107 |  | 3621 | 79155 | SH |  | SOLE |  | 69360 | 0 | 9795 |
| Caterpillar Inc | COM | 149123101 |  | 233 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| Chevron Corp New | COM | 166764100 |  | 28531 | 199252 | SH |  | SOLE |  | 57869 | 0 | 141383 |
| Chubb Ltd | COM | H1467J104 |  | 35100 | 121153 | SH |  | SOLE |  | 35070 | 0 | 86083 |
| The Cigna Group | COM | 125523100 |  | 24798 | 75014 | SH |  | SOLE |  | 23200 | 0 | 51814 |
| Cisco Systems | COM | 17275r102 |  | 454 | 6545 | SH |  | SOLE |  | 300 | 0 | 6245 |
| Coca-Cola Co | COM | 191216100 |  | 341 | 4814 | SH |  | SOLE |  | 175 | 0 | 4639 |
| Comfort Systems USA | COM | 199908104 |  | 5059 | 9434 | SH |  | SOLE |  | 8265 | 0 | 1169 |
| Costco Wholesale Corp New | COM | 22160k105 |  | 2029 | 2050 | SH |  | SOLE |  | 0 | 0 | 2050 |
| Crown Holdings Inc | COM | 228368106 |  | 4702 | 45655 | SH |  | SOLE |  | 39860 | 0 | 5795 |
| DT Midstream Inc | COMMON STOCK | 23345M107 |  | 37532 | 341477 | SH |  | SOLE |  | 126659 | 0 | 214818 |
| Deere  Co | COM | 244199105 |  | 318 | 625 | SH |  | SOLE |  | 0 | 0 | 625 |
| Dell Technologies Inc | CL C | 24703L202 |  | 34439 | 280903 | SH |  | SOLE |  | 79955 | 0 | 200948 |
| Delta Air Lines Inc Del | COM NEW | 247361702 |  | 26670 | 542295 | SH |  | SOLE |  | 153050 | 0 | 389245 |
| Diamondback Energy Inc | COM | 25278X109 |  | 210 | 1530 | SH |  | SOLE |  | 0 | 0 | 1530 |
| Eaton Corp PLC | SHS | g29183103 |  | 332 | 931 | SH |  | SOLE |  | 0 | 0 | 931 |
| Electronic Arts Inc | COM | 285512109 |  | 31121 | 194870 | SH |  | SOLE |  | 55325 | 0 | 139545 |
| Eli Lilly  Co | COM | 532457108 |  | 1731 | 2220 | SH |  | SOLE |  | 0 | 0 | 2220 |
| Emerson Electric Co | COM | 291011104 |  | 1614 | 12103 | SH |  | SOLE |  | 11260 | 0 | 843 |
| Evercore Inc | CLASS A | 29977A105 |  | 8342 | 30895 | SH |  | SOLE |  | 27130 | 0 | 3765 |
| Exxon Mobil Corp | COM | 30231g102 |  | 30427 | 282253 | SH |  | SOLE |  | 84580 | 0 | 197673 |
| Fiserv Inc | COM | 337738108 |  | 37815 | 219332 | SH |  | SOLE |  | 65005 | 0 | 154327 |
| Gaming and Leisure Properties | COM | 36467J108 |  | 3004 | 64355 | SH |  | SOLE |  | 57320 | 0 | 7035 |
| Goldman Sachs Group Inc | COM | 38141G104 |  | 777 | 1098 | SH |  | SOLE |  | 0 | 0 | 1098 |
| HCA Healthcare Inc | COM | 40412C101 |  | 45198 | 117979 | SH |  | SOLE |  | 34645 | 0 | 83334 |
| HF Sinclair Corporation | COM | 403949100 |  | 3661 | 89115 | SH |  | SOLE |  | 76820 | 0 | 12295 |
| Hartford Financial Services Gr | COM | 416515104 |  | 381 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| Henry Schein Inc | COM | 806407102 |  | 3476 | 47585 | SH |  | SOLE |  | 41740 | 0 | 5845 |
| Howmet Aerospace Inc | COM | 443201108 |  | 26886 | 144447 | SH |  | SOLE |  | 43965 | 0 | 100482 |
| Huntington Bancshares Inc | COM | 446150104 |  | 298 | 17764 | SH |  | SOLE |  | 0 | 0 | 17764 |
| Illinois Tool Works Inc | COM | 452308109 |  | 225 | 909 | SH |  | SOLE |  | 0 | 0 | 909 |
| Intl Gnrl Insurance Hldngs L | SHS | G4809J106 |  | 4577 | 190545 | SH |  | SOLE |  | 166685 | 0 | 23860 |
| JBT Marel Corp | COM | 477839104 |  | 39765 | 330659 | SH |  | SOLE |  | 123005 | 0 | 207654 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 48498 | 167285 | SH |  | SOLE |  | 50180 | 0 | 117105 |
| Johnson  Johnson | COM | 478160104 |  | 693 | 4537 | SH |  | SOLE |  | 0 | 0 | 4537 |
| Kenvue Inc | COM | 49177J102 |  | 228 | 10883 | SH |  | SOLE |  | 500 | 0 | 10383 |
| L3 Harris Technologies | COM | 502431109 |  | 19034 | 75880 | SH |  | SOLE |  | 17815 | 0 | 58065 |
| LKQ Corp | COM | 501889208 |  | 28435 | 768313 | SH |  | SOLE |  | 284255 | 0 | 484058 |
| Lam Research Corp | COM NEW | 512807306 |  | 25609 | 263089 | SH |  | SOLE |  | 74755 | 0 | 188334 |
| MDU Resources Group | COM | 552690109 |  | 26098 | 1565582 | SH |  | SOLE |  | 565590 | 0 | 999992 |
| Masco Corp | COM | 574599106 |  | 26855 | 417267 | SH |  | SOLE |  | 160370 | 0 | 256897 |
| Mastercard Inc | CL A | 57636Q104 |  | 262 | 467 | SH |  | SOLE |  | 0 | 0 | 467 |
| Match Group Inc New | COM | 57667L107 |  | 2192 | 70975 | SH |  | SOLE |  | 62060 | 0 | 8915 |
| McDonalds Corp | COM | 580135101 |  | 285 | 976 | SH |  | SOLE |  | 0 | 0 | 976 |
| McKesson Corp | COM | 58155q103 |  | 220 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| Merck  Co Inc | COM | 58933y105 |  | 220 | 2778 | SH |  | SOLE |  | 75 | 0 | 2703 |
| Meta Platforms Inc | CL A | 30303M102 |  | 1512 | 2049 | SH |  | SOLE |  | 0 | 0 | 2049 |
| Micron Technology Inc | COM | 595112103 |  | 19180 | 155618 | SH |  | SOLE |  | 40935 | 0 | 114683 |
| Microsoft Corp | COM | 594918104 |  | 24795 | 49849 | SH |  | SOLE |  | 12375 | 0 | 37474 |
| Mondelez International Inc | CL A | 609207105 |  | 13775 | 204252 | SH |  | SOLE |  | 57125 | 0 | 147127 |
| Monolithic Power Systems Inc | COM | 609839105 |  | 366 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| Morgan Stanley | COM NEW | 617446448 |  | 44687 | 317245 | SH |  | SOLE |  | 91110 | 0 | 226135 |
| Murphy USA Inc | COM | 626755102 |  | 3029 | 7445 | SH |  | SOLE |  | 6465 | 0 | 980 |
| NVIDIA Corp | COM | 67066G104 |  | 1894 | 11990 | SH |  | SOLE |  | 0 | 0 | 11990 |
| Netflix Inc | COM | 64110L106 |  | 1402 | 1047 | SH |  | SOLE |  | 0 | 0 | 1047 |
| Nomad Foods Ltd | USD ORD SHS | G6564A105 |  | 3477 | 204660 | SH |  | SOLE |  | 179800 | 0 | 24860 |
| Northwestern Energy Group | COM NEW | 668074305 |  | 3233 | 63020 | SH |  | SOLE |  | 49420 | 0 | 13600 |
| O'Reilly Automotive | COM | 67103H107 |  | 1455 | 16140 | SH |  | SOLE |  | 0 | 0 | 16140 |
| OUTFRONT Media Inc | COM NEW | 69007J304 |  | 3377 | 206944 | SH |  | SOLE |  | 166908 | 0 | 40036 |
| Olin Corp | COM PAR $1 | 680665205 |  | 1130 | 56250 | SH |  | SOLE |  | 47680 | 0 | 8570 |
| Oracle Corp | COM | 68389x105 |  | 29572 | 135262 | SH |  | SOLE |  | 36760 | 0 | 98502 |
| PNC Financial Services | COM | 693475105 |  | 25666 | 137676 | SH |  | SOLE |  | 38350 | 0 | 99326 |
| Palo Alto Networks Inc | COM | 697435105 |  | 871 | 4258 | SH |  | SOLE |  | 0 | 0 | 4258 |
| Pentair PLC | SHS | G7S00T104 |  | 37236 | 362708 | SH |  | SOLE |  | 147975 | 0 | 214733 |
| PepsiCo Inc | COM | 713448108 |  | 16218 | 122823 | SH |  | SOLE |  | 35450 | 0 | 87373 |
| Permian Resources Corp | CLASS A COM | 71424F105 |  | 2553 | 187455 | SH |  | SOLE |  | 169270 | 0 | 18185 |
| Pfizer Inc | COM | 717081103 |  | 203 | 8375 | SH |  | SOLE |  | 0 | 0 | 8375 |
| Progressive Corp | COM | 743315103 |  | 24625 | 92276 | SH |  | SOLE |  | 26550 | 0 | 65726 |
| Pursuit Attractions and Hospit | COM | 92552R406 |  | 3279 | 113720 | SH |  | SOLE |  | 99680 | 0 | 14040 |
| RTX Corp | COM | 75513E101 |  | 31878 | 218314 | SH |  | SOLE |  | 49929 | 0 | 168385 |
| Raymond James Financial Inc | COM | 754730109 |  | 43690 | 284869 | SH |  | SOLE |  | 120732 | 0 | 164137 |
| Regeneron Pharmaceuticals | COM | 75886F107 |  | 215 | 410 | SH |  | SOLE |  | 0 | 0 | 410 |
| Reliance Inc | COM | 759509102 |  | 46871 | 149318 | SH |  | SOLE |  | 58960 | 0 | 90358 |
| Ryman Hospitality Pptys Inc | COM | 78377T107 |  | 21867 | 221620 | SH |  | SOLE |  | 84585 | 0 | 137035 |
| Seagate Technology Holdings PL | ORD SHS | G7997R103 |  | 17794 | 123286 | SH |  | SOLE |  | 34075 | 0 | 89211 |
| Sherwin Williams Co | COM | 824348106 |  | 343 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| Six Flags Entertainment Corp | COM | 83001C108 |  | 1148 | 37735 | SH |  | SOLE |  | 0 | 0 | 37735 |
| Sonos Inc | COM | 83570H108 |  | 22043 | 2039098 | SH |  | SOLE |  | 757525 | 0 | 1281573 |
| Steris PLC | SHS USD | G8473T100 |  | 4179 | 17395 | SH |  | SOLE |  | 15310 | 0 | 2085 |
| Stryker Corp | COM | 863667101 |  | 961 | 2430 | SH |  | SOLE |  | 0 | 0 | 2430 |
| Synovus Financial Corp | COM NEW | 87161C501 |  | 5374 | 103840 | SH |  | SOLE |  | 90665 | 0 | 13175 |
| TXNM Energy Inc | COM | 69349H107 |  | 1029 | 18276 | SH |  | SOLE |  | 350 | 0 | 17926 |
| Take-Two Interactive Software | COM | 874054109 |  | 3787 | 15596 | SH |  | SOLE |  | 13385 | 0 | 2211 |
| Teradyne Inc | COM | 880770102 |  | 17296 | 192349 | SH |  | SOLE |  | 87135 | 0 | 105214 |
| Texas Instruments Inc | COM | 882508104 |  | 255 | 1230 | SH |  | SOLE |  | 0 | 0 | 1230 |
| Toll Brothers Inc | COM | 889478103 |  | 23430 | 205292 | SH |  | SOLE |  | 73775 | 0 | 131517 |
| Truist Financial Corp | COM | 89832Q109 |  | 30078 | 699659 | SH |  | SOLE |  | 192285 | 0 | 507374 |
| United Parks  Resorts | COM | 81282V100 |  | 26060 | 552702 | SH |  | SOLE |  | 211955 | 0 | 340747 |
| UnitedHealth Group Inc | COM | 91324p102 |  | 328 | 1052 | SH |  | SOLE |  | 0 | 0 | 1052 |
| Universal Hlth Svcs Inc | CL B | 913903100 |  | 6417 | 35425 | SH |  | SOLE |  | 29750 | 0 | 5675 |
| VICI Properties Inc | COM | 925652109 |  | 313 | 9607 | SH |  | SOLE |  | 300 | 0 | 9307 |
| Vail Resorts | COM | 91879Q109 |  | 300 | 1910 | SH |  | SOLE |  | 0 | 0 | 1910 |
| Viper Energy Inc | CL A | 927959106 |  | 4807 | 126075 | SH |  | SOLE |  | 73280 | 0 | 52795 |
| Visa Inc | COM CL A | 92826C839 |  | 622 | 1751 | SH |  | SOLE |  | 0 | 0 | 1751 |
| Vishay Intertechnology Inc | COM | 928298108 |  | 17474 | 1100353 | SH |  | SOLE |  | 450295 | 0 | 650058 |
| WEX Inc | COM | 96208T104 |  | 2188 | 14898 | SH |  | SOLE |  | 12970 | 0 | 1928 |
| Grainger W W Inc | COM | 384802104 |  | 678 | 652 | SH |  | SOLE |  | 0 | 0 | 652 |
| Walmart Inc | COM | 931142103 |  | 242 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| Waste Mgmt Inc Del | COM | 94106l109 |  | 21854 | 95508 | SH |  | SOLE |  | 27720 | 0 | 67788 |
| Waters Corp | COM | 941848103 |  | 3394 | 9725 | SH |  | SOLE |  | 8435 | 0 | 1290 |
| Webster Financial Corp | COM | 947890109 |  | 27893 | 510852 | SH |  | SOLE |  | 198575 | 0 | 312277 |
| Willis Towers Watson PLC LTD | SHS | G96629103 |  | 26512 | 86498 | SH |  | SOLE |  | 25490 | 0 | 61008 |
| Workday Inc | CL A | 98138H101 |  | 224 | 935 | SH |  | SOLE |  | 0 | 0 | 935 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 |  | 19337 | 212004 | SH |  | SOLE |  | 64305 | 0 | 147699 |
| Invesco Exch Traded Fd Tr II | RAFI DVLPD MRKTS | 46138E743 |  | 205 | 3570 | SH |  | SOLE |  | 0 | 0 | 3570 |
| Invesco Exchange Traded Fd T | RAFI US 1000 ETF | 46137V613 |  | 338 | 8002 | SH |  | SOLE |  | 0 | 0 | 8002 |
| Invesco QQQ Tr | UNIT SER 1 | 46090E103 |  | 925 | 1676 | SH |  | SOLE |  | 0 | 0 | 1676 |
| Invesco Exch Traded Fd Tr II | SR LN ETF | 46138G508 |  | 646 | 30875 | SH |  | SOLE |  | 0 | 0 | 30875 |
| Invesco Actively Managed Exc | ULTRA SHRT DUR | 46090A887 |  | 301 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| Nuveen Select Mat Mun Fd | SH BEN INT | 67061T101 |  | 104 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| Nuveen Select Tax-Free Incom | SH BEN INT | 67062F100 |  | 163 | 11591 | SH |  | SOLE |  | 0 | 0 | 11591 |
| SPDR SER TR | S BK ETF | 78464a797 |  | 346 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| SPDR S 500 ETF TR | TR UNIT | 78462f103 |  | 7163 | 11593 | SH |  | SOLE |  | 103 | 0 | 11490 |
| Vangaurd Scottsdale Fds | Int-Term Corp | 92206C870 |  | 827 | 9973 | SH |  | SOLE |  | 385 | 0 | 9588 |
| Vanguard Intl Equity Index F | ALLWRLD EX US | 922042775 |  | 1962 | 29191 | SH |  | SOLE |  | 29191 | 0 | 0 |
| Vanguard Intl Equity Index F | FTSE EMR MKT ETF | 922042858 |  | 213 | 4300 | SH |  | SOLE |  | 0 | 0 | 4300 |
| Vanguard Index Fds | REAL ESTATE ETF | 922908553 |  | 497 | 5585 | SH |  | SOLE |  | 5085 | 0 | 500 |
| Vanguard Scottsdale Fds | VNG RUS1000GRW | 92206c680 |  | 23027 | 210870 | SH |  | SOLE |  | 210870 | 0 | 0 |
| Vanguard Scottsdale Fds | VNG RUS2000IDX | 92206C664 |  | 1054 | 12081 | SH |  | SOLE |  | 12056 | 0 | 25 |
| Vanguard Scottsdale Fds | VNG RUS2000GRW | 92206c623 |  | 2026 | 9718 | SH |  | SOLE |  | 9718 | 0 | 0 |
| Vanguard Scottsdale Fds | SHRT TRM CORP BD | 92206C409 |  | 3907 | 49140 | SH |  | SOLE |  | 0 | 0 | 49140 |
| Vanguard Star Fds | VG TL INTL STK F | 921909768 |  | 556 | 8050 | SH |  | SOLE |  | 8050 | 0 | 0 |
| Vanguard Index Fds | TOTAL STK MKT | 922908769 |  | 9959 | 32769 | SH |  | SOLE |  | 32589 | 0 | 180 |
| iShares Tr | CORE S US VLU | 464287663 |  | 3761 | 39748 | SH |  | SOLE |  | 0 | 0 | 39748 |
| iShares Tr | FLTG RATE NT ETF | 46429B655 |  | 311 | 6100 | SH |  | SOLE |  | 0 | 0 | 6100 |
| iShares Tr | MSCI EAFE ETF | 464287465 |  | 880 | 9850 | SH |  | SOLE |  | 5800 | 0 | 4050 |
| iShares Tr | NATIONAL MUN ETF | 464288414 |  | 1041 | 9960 | SH |  | SOLE |  | 0 | 0 | 9960 |
| iShares Tr | RUS 1000 ETF | 464287622 |  | 873 | 2570 | SH |  | SOLE |  | 0 | 0 | 2570 |
| iShares Tr | RUS 1000 VAL ETF | 464287598 |  | 420 | 2160 | SH |  | SOLE |  | 0 | 0 | 2160 |
| iShares Tr | RUSSELL 2000 ETF | 464287655 |  | 1271 | 5892 | SH |  | SOLE |  | 0 | 0 | 5892 |
| iShares Tr | IBOXX HI YD ETF | 464288513 |  | 596 | 7390 | SH |  | SOLE |  | 2550 | 0 | 4840 |
| Allstate Corp | PERP PRD J | 020002788 |  | 470 | 18000 | SH |  | SOLE |  | 2000 | 0 | 16000 |
| Bank America Corp | PFD SER 2 | 060505625 |  | 1716 | 85761 | SH |  | SOLE |  | 3500 | 0 | 82261 |
| M  T BK Corp | PERP PFD J | 55261F864 |  | 1556 | 59400 | SH |  | SOLE |  | 12500 | 0 | 46900 |
| Regions Financial Corp New | PFD SER F | 7591EP860 |  | 1665 | 67000 | SH |  | SOLE |  | 19000 | 0 | 48000 |
| Wells Fargo Co New | PERP PFD CNV A | 949746804 |  | 3545 | 3019 | SH |  | SOLE |  | 340 | 0 | 2679 |
| Enterprise Products Partners L | COM | 293792107 |  | 8877 | 286250 | SH |  | SOLE |  | 0 | 0 | 286250 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 11211 | 217639 | SH |  | SOLE |  | 0 | 0 | 217639 |
| TXO Partners LP | COM UNIT | 87313P103 |  | 2707 | 180000 | SH |  | SOLE |  | 0 | 0 | 180000 |

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