# EDGAR Filing Document

**Accession Number:** 0001385925
**File Stem:** 0001385925-26-000001
**Filing Date:** 2026-2
**Character Count:** 21822
**Document Hash:** 4d523a6edd37b23a6272f8db9bb895ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001385925-26-000001.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001385925-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**EFFECTIVENESS DATE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horrell Capital Management, Inc.
- **CENTRAL INDEX KEY:** 0001385925

**ORGANIZATION NAME:**
- **EIN:** 710830429
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12166
- **FILM NUMBER:** 26591788

**BUSINESS ADDRESS:**
- **STREET 1:** 10 CORPORATE HILL DRIVE-SUITE 165
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72205
- **BUSINESS PHONE:** 501-975-4655

**MAIL ADDRESS:**
- **STREET 1:** 10 CORPORATE HILL DRIVE-SUITE 165
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72205

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Horrell Capital Management Inc.<br>**Address:** 10 CORPORATE HILL DRIVE-SUITE 165<br>LITTLE ROCK, AR 72205

**Form 13F File Number:** 028-12166

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:** Scott HORRELL<br>**Title:** President-Horrell Capital Management Inc.<br>**Phone:** 5019754655

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

Scott L. Horrell  Little Rock, AR  02-03-2026<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:** 192

**Form 13F Information Table Value Total:** $229411614

      (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 |
| ABB LTD | SPONSERED ADR | 000375204 |  | 1799690 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| ABXXF TECHNOLOGIES INC | COM | 00258V308 |  | 53968 | 1450 | SH |  | SOLE | 0 | 1450 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 629197 | 25330 | SH |  | SOLE | 0 | 25330 | 0 | 0 |
| ARK SPACE EXPLORATION | ETF | 00214Q807 |  | 1000 | 30 | SH |  | SOLE | 0 | 30 | 0 | 0 |
| ABBVIE INC | COM | 002874109 |  | 93681 | 410 | SH |  | SOLE | 0 | 410 | 0 | 0 |
| ADVISORSHARES PURE US CANNABIS | ETF | 00768Y453 |  | 148713 | 31507 | SH |  | SOLE | 0 | 31507 | 0 | 0 |
| ALERUS FINL CORP | COM | 01446U103 |  | 99989 | 4440 | SH |  | SOLE | 0 | 4440 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 34760 | 111 | SH |  | SOLE | 0 | 111 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 62760 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7050859 | 30547 | SH |  | SOLE | 0 | 30547 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 16278 | 44 | SH |  | SOLE | 0 | 44 | 0 | 0 |
| AMERICAS CAR MART INC | COM | 03062T105 |  | 614576 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2065864 | 7559 | SH |  | SOLE | 0 | 7559 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 45992 | 800 | SH |  | SOLE | 0 | 800 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 1805043 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 2359 | 18 | SH |  | SOLE | 0 | 18 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 11683718 | 3445 | SH |  | SOLE | 0 | 3445 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 37950 | 690 | SH |  | SOLE | 0 | 690 | 0 | 0 |
| BANK OZK | COM | 06417N103 |  | 4490171 | 97570 | SH |  | SOLE | 0 | 97570 | 0 | 0 |
| BARRICK MINING CORP | COM | 067901108 |  | 21775 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| BITMINE IMMERSION TECHNOLOGY | COM | 09175A206 |  | 52101 | 1919 | SH |  | SOLE | 0 | 1919 | 0 | 0 |
| BLACKROCK ENHANCED INTER | COM | 092524107 |  | 1176 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 |  | 58900 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | COM | 0926EB207 |  | 105581 | 5631 | SH |  | SOLE | 0 | 5631 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 3491842 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| CRH PLC | ADR | 12626K203 |  | 3036384 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 7936 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 691334 | 43950 | SH |  | SOLE | 0 | 43950 | 0 | 0 |
| CANOPY GROWTH CORP F | COM | 038035704 |  | 5700 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 129469 | 226 | SH |  | SOLE | 0 | 226 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 58345 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| CLOUDFARE INC | CL A | 18915M107 |  | 1774 | 9 | SH |  | SOLE | 0 | 9 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 24888 | 356 | SH |  | SOLE | 0 | 356 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2845 | 36 | SH |  | SOLE | 0 | 36 | 0 | 0 |
| COMMUNITY HEALTH SYS INC NEW | COM | 203668108 |  | 75910 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 421152 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| COREWEAVE INC CL A | CL A | 218735108 |  | 1074 | 15 | SH |  | SOLE | 0 | 15 | 0 | 0 |
| COSTCO WHOLESALE CO | COM | 22160K105 |  | 2644 | 3 | SH |  | SOLE | 0 | 3 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 617982 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | COM | 22788C105 |  | 2344 | 5 | SH |  | SOLE | 0 | 5 | 0 | 0 |
| CUMMINS INC | COM | 230121106 |  | 391005 | 766 | SH |  | SOLE | 0 | 766 | 0 | 0 |
| DASSAULT SYS SA SPONSORED ADR | SPONSERED ADR | 237545108 |  | 1000 | 20 | SH |  | SOLE | 0 | 20 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 30942 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| DILLARD'S INC | CL A | 254067101 |  | 14752252 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 3230294 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 2992833 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 50283 | 429 | SH |  | SOLE | 0 | 429 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 26544 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 82813 | 260 | SH |  | SOLE | 0 | 260 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 2582386 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| ENPRO INDS INC | COM | 29355X107 |  | 238755 | 1115 | SH |  | SOLE | 0 | 1115 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 4503190 | 48720 | SH |  | SOLE | 0 | 48720 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 80150 | 2500 | SH |  | SOLE | 0 | 2500 | 0 | 0 |
| F ANNUITIES  LIFE INC | COM | 30190A104 |  | 24186 | 784 | SH |  | SOLE | 0 | 784 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 103252 | 858 | SH |  | SOLE | 0 | 858 | 0 | 0 |
| FABRINET F | COM | G3323L100 |  | 1366 | 3 | SH |  | SOLE | 0 | 3 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 7033163 | 24348 | SH |  | SOLE | 0 | 24348 | 0 | 0 |
| FIDELITY NASDAQ COMPOSIT IND ETF | ETF | 315912808 |  | 3656 | 40 | SH |  | SOLE | 0 | 40 | 0 | 0 |
| FIDELITY HIGH DIVIDEND | ETF | 316092840 |  | 42518 | 750 | SH |  | SOLE | 0 | 750 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1616972 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | CL A | 31620R303 |  | 339168 | 6213 | SH |  | SOLE | 0 | 6213 | 0 | 0 |
| FIGMA INC CL A | CL A | 316841105 |  | 1000 | 18 | SH |  | SOLE | 0 | 18 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 40521 | 62 | SH |  | SOLE | 0 | 62 | 0 | 0 |
| GE AEROSPACE | COM | 369604301 |  | 77008 | 250 | SH |  | SOLE | 0 | 250 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 343200 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 140640 | 160 | SH |  | SOLE | 0 | 160 | 0 | 0 |
| GOODYEAR TIRE RUBBER | COM | 382550101 |  | 213131 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| GRAYSCALE BITCOIN TR BTC | COM | 389637109 |  | 585640 | 8567 | SH |  | SOLE | 0 | 8567 | 0 | 0 |
| GRAYSCALE ETHEREUM COM | COM | 389638107 |  | 165155 | 6777 | SH |  | SOLE | 0 | 6777 | 0 | 0 |
| GRAYSCALE ETHEREUM MINI | ETF | 38964R203 |  | 36646 | 1306 | SH |  | SOLE | 0 | 1306 | 0 | 0 |
| GRAYSCALE BITCOIN MINI | ETF | 389930207 |  | 82185 | 2122 | SH |  | SOLE | 0 | 2122 | 0 | 0 |
| GREEN THUMB INDS INC F | COM | 39342L108 |  | 2089 | 260 | SH |  | SOLE | 0 | 260 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 3012 | 147 | SH |  | SOLE | 0 | 147 | 0 | 0 |
| HOME BANCSHARES INC | COM | 436893200 |  | 2706328 | 97420 | SH |  | SOLE | 0 | 97420 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 8371953 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 87791 | 450 | SH |  | SOLE | 0 | 450 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 11059501 | 56908 | SH |  | SOLE | 0 | 56908 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 24630 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 11840 | 250 | SH |  | SOLE | 0 | 250 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 12362 | 335 | SH |  | SOLE | 0 | 335 | 0 | 0 |
| IBM CORP | COM | 459200101 |  | 41173 | 139 | SH |  | SOLE | 0 | 139 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 176307 | 287 | SH |  | SOLE | 0 | 287 | 0 | 0 |
| INUVO INC | COM NEW | 46122W204 |  | 6034 | 2433 | SH |  | SOLE | 0 | 2433 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT | ETF | 46137V357 |  | 12068 | 63 | SH |  | SOLE | 0 | 63 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 4103 | 75 | SH |  | SOLE | 0 | 75 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 9123 | 95 | SH |  | SOLE | 0 | 95 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 118194 | 1220 | SH |  | SOLE | 0 | 1220 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 212985 | 450 | SH |  | SOLE | 0 | 450 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 793866 | 3225 | SH |  | SOLE | 0 | 3225 | 0 | 0 |
| ISHARES TR | SILVER TRUST ETF | 46428Q109 |  | 11596 | 180 | SH |  | SOLE | 0 | 180 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 15480 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL ETF | 46429B697 |  | 32014 | 340 | SH |  | SOLE | 0 | 340 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS | BOND ETF | 46429B747 |  | 14335 | 140 | SH |  | SOLE | 0 | 140 | 0 | 0 |
| ISHARES CR DIV G | ETF | 46434V621 |  | 34710 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| ISHARES BITCOIN ETF | ETF | 46438F101 |  | 112060 | 2257 | SH |  | SOLE | 0 | 2257 | 0 | 0 |
| JAZZ PHARMACEUTICAL | COM | G50871105 |  | 4080 | 24 | SH |  | SOLE | 0 | 24 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 176254 | 547 | SH |  | SOLE | 0 | 547 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 87954 | 425 | SH |  | SOLE | 0 | 425 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2760 | 160 | SH |  | SOLE | 0 | 160 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 15763 | 650 | SH |  | SOLE | 0 | 650 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 3040277 | 48660 | SH |  | SOLE | 0 | 48660 | 0 | 0 |
| KYNDRYL HOLDGS INC | COM | 50155Q100 |  | 1000 | 27 | SH |  | SOLE | 0 | 27 | 0 | 0 |
| L3HARRIS TECHNOLOGIES | COM | 502431109 |  | 7142558 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 11814161 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 6584683 | 13614 | SH |  | SOLE | 0 | 13614 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 5902632 | 24476 | SH |  | SOLE | 0 | 24476 | 0 | 0 |
| LULULEMON ATHLETICA | COM | 550021109 |  | 85618 | 412 | SH |  | SOLE | 0 | 412 | 0 | 0 |
| THE MAGNUM ICECREAM | COM | N5505D105 |  | 1000 | 49 | SH |  | SOLE | 0 | 49 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1000 | 10 | SH |  | SOLE | 0 | 10 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 1154 | 2 | SH |  | SOLE | 0 | 2 | 0 | 0 |
| MEDTRONIC PLC F | COM | G5960L103 |  | 9606 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2014 | 1 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| META PLATFORMS INC | COM | 30303M102 |  | 1320 | 2 | SH |  | SOLE | 0 | 2 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1069284 | 2211 | SH |  | SOLE | 0 | 2211 | 0 | 0 |
| STRATEGY INC | COM | 594972408 |  | 15955 | 105 | SH |  | SOLE | 0 | 105 | 0 | 0 |
| MONTROSE ENVIRONMENTAL GROUP | COM | 615111101 |  | 604114 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 103500 | 583 | SH |  | SOLE | 0 | 583 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 9817642 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| NESTLE SA | REG ORD | 641069406 |  | 2418110 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| NIPPON STEEL CORP ADR F | ADR | 65461T101 |  | 166036 | 40546 | SH |  | SOLE | 0 | 40546 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 104517 | 362 | SH |  | SOLE | 0 | 362 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 16536 | 29 | SH |  | SOLE | 0 | 29 | 0 | 0 |
| NOVARTIS AG FSPONSORED | ADR | 66987V109 |  | 13787 | 100 | SH |  | SOLE | 0 | 100 | 0 | 0 |
| NOVO-NORDISK AS VORMAL F | COM | 670100205 |  | 3562 | 70 | SH |  | SOLE | 0 | 70 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 3986408 | 24440 | SH |  | SOLE | 0 | 24440 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 69586 | 373 | SH |  | SOLE | 0 | 373 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 23331427 | 255799 | SH |  | SOLE | 0 | 255799 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 675716 | 8368 | SH |  | SOLE | 0 | 8368 | 0 | 0 |
| P A M TRANSN SVCS INC | COM | 693149106 |  | 1178042 | 97520 | SH |  | SOLE | 0 | 97520 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 1000 | 4 | SH |  | SOLE | 0 | 4 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3666218 | 25545 | SH |  | SOLE | 0 | 25545 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 5925 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 9960 | 400 | SH |  | SOLE | 0 | 400 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 4387 | 34 | SH |  | SOLE | 0 | 34 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 948627 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| PROCTOR  GAMBLE CO | COM | 742718109 |  | 95731 | 668 | SH |  | SOLE | 0 | 668 | 0 | 0 |
| PROSHARES TR | SHRT 20+YR TRE | 74347X849 |  | 241200 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 3274 | 29 | SH |  | SOLE | 0 | 29 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 293351 | 1715 | SH |  | SOLE | 0 | 1715 | 0 | 0 |
| RTX CORP | COM | 75513E101 |  | 31728 | 173 | SH |  | SOLE | 0 | 173 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 1440 | 41 | SH |  | SOLE | 0 | 41 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 149340 | 219 | SH |  | SOLE | 0 | 219 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 428411 | 1081 | SH |  | SOLE | 0 | 1081 | 0 | 0 |
| SPDR EMERGING MARKETS DIVIDEND | ETF | 78463X533 |  | 47841 | 1222 | SH |  | SOLE | 0 | 1222 | 0 | 0 |
| SPDR S REGIONAL | ETF | 78464A698 |  | 137592 | 2123 | SH |  | SOLE | 0 | 2123 | 0 | 0 |
| SPDR DOW JONES INDUSTRIAL AVRG | ETF | 78467X109 |  | 26912 | 56 | SH |  | SOLE | 0 | 56 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 16307 | 606 | SH |  | SOLE | 0 | 606 | 0 | 0 |
| SCHWAB U.S. MID-CAP | ETF | 808524508 |  | 10825 | 360 | SH |  | SOLE | 0 | 360 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 10025 | 352 | SH |  | SOLE | 0 | 352 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMG MKTEQ ETF | 808524706 |  | 8220 | 251 | SH |  | SOLE | 0 | 251 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 9376 | 390 | SH |  | SOLE | 0 | 390 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 4066 | 174 | SH |  | SOLE | 0 | 174 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 4596 | 220 | SH |  | SOLE | 0 | 220 | 0 | 0 |
| STATE STREET MATRL SLCT SPDR ETF | SBI MATERIALS | 81369Y100 |  | 52153 | 1150 | SH |  | SOLE | 0 | 1150 | 0 | 0 |
| STATE STREET CONS DSRY SL SP ETF | SBI CONS DISCR | 81369Y407 |  | 35107 | 294 | SH |  | SOLE | 0 | 294 | 0 | 0 |
| STATE STREET ENERGY SLCT SPDR ETF | ENERGY ETF | 81369Y506 |  | 277739 | 6212 | SH |  | SOLE | 0 | 6212 | 0 | 0 |
| STATE STREET FINL SLCT SPDR ETF | SBI INT-FINL | 81369Y605 |  | 319692 | 5837 | SH |  | SOLE | 0 | 5837 | 0 | 0 |
| STATE STREET INDSTL SLCT SPDR ETF | SBI INT-INDS | 81369Y704 |  | 100828 | 650 | SH |  | SOLE | 0 | 650 | 0 | 0 |
| STATE TREET TEC SLCT SPDR ETF | TECHNOLOGY | 81369Y803 |  | 336602 | 2338 | SH |  | SOLE | 0 | 2338 | 0 | 0 |
| SEMPRA ENERGY | COM | 816851109 |  | 52974 | 600 | SH |  | SOLE | 0 | 600 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 42657 | 265 | SH |  | SOLE | 0 | 265 | 0 | 0 |
| SIMMONS 1ST NATL CORP | CL A $1 PAR | 828730200 |  | 917241 | 48660 | SH |  | SOLE | 0 | 48660 | 0 | 0 |
| SOLSTICE ADVANCED MATLS | COM | 83443Q103 |  | 5441 | 112 | SH |  | SOLE | 0 | 112 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 421566 | 10200 | SH |  | SOLE | 0 | 10200 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 2048829 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| STEEL DYNAMICS INC ETF | ETF | 858119100 |  | 271120 | 1600 | SH |  | SOLE | 0 | 1600 | 0 | 0 |
| TAIWAN SEMICONDUCTOR M F | SPONSORED ADR | 874039100 |  | 1519 | 5 | SH |  | SOLE | 0 | 5 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 2378258 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| TESLA INC | SOM | 88160R101 |  | 125472 | 279 | SH |  | SOLE | 0 | 279 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 51527 | 297 | SH |  | SOLE | 0 | 297 | 0 | 0 |
| THE TRADE DESK INC | COM | 88339J105 |  | 1000 | 25 | SH |  | SOLE | 0 | 25 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 173835 | 300 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| TRULIEVE CANNABIS CORP F | COM | 89788C104 |  | 3389 | 390 | SH |  | SOLE | 0 | 390 | 0 | 0 |
| FUNDSTRAT GRANNY SHT US | ETF | 886364231 |  | 245025 | 9896 | SH |  | SOLE | 0 | 9896 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1461104 | 24925 | SH |  | SOLE | 0 | 24925 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 12648 | 237 | SH |  | SOLE | 0 | 237 | 0 | 0 |
| UNILEVER N V | N Y SHS NEW | 904784709 |  | 14388 | 220 | SH |  | SOLE | 0 | 220 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 16220390 | 70121 | SH |  | SOLE | 0 | 70121 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2413293 | 24330 | SH |  | SOLE | 0 | 24330 | 0 | 0 |
| UNITI GROUP INC | COM | 91325V108 |  | 20701 | 2953 | SH |  | SOLE | 0 | 2953 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 1325 | 30 | SH |  | SOLE | 0 | 30 | 0 | 0 |
| VANECK SEMICONDUCTOR | ETF | 92189F676 |  | 1822 | 5 | SH |  | SOLE | 0 | 5 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION | ETF | 921908844 |  | 60220 | 274 | SH |  | SOLE | 0 | 274 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 38223 | 485 | SH |  | SOLE | 0 | 485 | 0 | 0 |
| VANGUARD HIGH DIV YIELD | ETF | 921946406 |  | 26551 | 185 | SH |  | SOLE | 0 | 185 | 0 | 0 |
| VANGUARD S 500 | ETF | 922908363 |  | 23831 | 38 | SH |  | SOLE | 0 | 38 | 0 | 0 |
| VANGUARD SMALL CAP VALUE | ETF | 922908611 |  | 49135 | 232 | SH |  | SOLE | 0 | 232 | 0 | 0 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 5295 | 130 | SH |  | SOLE | 0 | 130 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 8903887 | 79920 | SH |  | SOLE | 0 | 79920 | 0 | 0 |
| WAL-MART DE MEXICO FSPONS | ADR | 93114W107 |  | 6483 | 208 | SH |  | SOLE | 0 | 208 | 0 | 0 |
| WESTROCK COFFEE CO | COM | 96145W103 |  | 664753 | 163330 | SH |  | SOLE | 0 | 163330 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 3788051 | 25040 | SH |  | SOLE | 0 | 25040 | 0 | 0 |

---