# EDGAR Filing Document

**Accession Number:** 0001020317
**File Stem:** 0001085146-23-001137
**Filing Date:** 2023-2
**Character Count:** 38929
**Document Hash:** 78eae0a0f5602c80083cdda6d553e2bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001137.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001085146-23-001137

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pekin Hardy Strauss, Inc.
- **CENTRAL INDEX KEY:** 0001020317
- **IRS NUMBER:** 363667359
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05740
- **FILM NUMBER:** 23619163

**BUSINESS ADDRESS:**
- **STREET 1:** 161 NORTH CLARK STREET
- **STREET 2:** SUITE 2200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 312-896-9668

**MAIL ADDRESS:**
- **STREET 1:** 161 NORTH CLARK STREET
- **STREET 2:** SUITE 2200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL
- **DATE OF NAME CHANGE:** 20060117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pekin Singer Strauss Asset Management Inc.
- **DATE OF NAME CHANGE:** 20060117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PEKIN SINGER & SHAPIRO ASSET MANAGEMENT /IL
- **DATE OF NAME CHANGE:** 19990324

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Pekin Hardy Strauss Inc.<br>**Address:** 161 NORTH CLARK STREET<br>SUITE 2200<br>CHICAGO, IL 60601

**Form 13F File Number:** 028-05740

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:** Jennifer Dunlap<br>**Title:** Chief Compliance Officer<br>**Phone:** 312-554-7525

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

/s/ Jennifer Dunlap  Chicago, IL  02-13-2023<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:** 314

**Form 13F Information Table Value Total:** $726875982

      (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 |
| 89BIO INC | COM | 282559103 | BBG00QKDZ985 | 2481561 | 194938 | SH |  | SOLE |  | 100000 | 0 | 94938 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 1691315 | 15405 | SH |  | SOLE |  | 0 | 0 | 15405 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 6041067 | 37381 | SH |  | SOLE |  | 0 | 0 | 37381 |
| ABRDN ASIA PACIFIC INCOME FU | COM | 003009107 | BBG001S5R1L0 | 297932 | 113282 | SH |  | SOLE |  | 0 | 0 | 113282 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 | BBG001SCTFP8 | 1521113 | 87070 | SH |  | SOLE |  | 0 | 0 | 87070 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 | BBG001S6C009 | 2942046 | 38433 | SH |  | SOLE |  | 0 | 0 | 38433 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 233172 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 | BBG00X28J8Y2 | 1745522 | 249717 | SH |  | SOLE |  | 0 | 0 | 249717 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 5448721 | 93428 | SH |  | SOLE |  | 30000 | 0 | 63428 |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 1733646 | 167502 | SH |  | SOLE |  | 0 | 0 | 167502 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 4176897 | 80340 | SH |  | SOLE |  | 0 | 0 | 80340 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 | BBG009HT65S0 | 1800626 | 178195 | SH |  | SOLE |  | 0 | 0 | 178195 |
| ALCOA CORP | COM | 013872106 | BBG00B3T3HF1 | 981291 | 21581 | SH |  | SOLE |  | 0 | 0 | 21581 |
| ALCON AG | ORD SHS | H01301128 | BBG00NPWGYR0 | 225672 | 3304 | SH |  | SOLE |  | 0 | 0 | 3304 |
| ALEXANDER  BALDWIN INC NEW | COM | 014491104 | BBG00HS2GVM7 | 1911284 | 102044 | SH |  | SOLE |  | 75000 | 0 | 27044 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 | BBG001SD52Y1 | 1033882 | 50880 | SH |  | SOLE |  | 0 | 0 | 50880 |
| ALLIANCEBERNSTEIN GLOBAL HIG | COM | 01879R106 | BBG001S6LJ53 | 172091 | 18665 | SH |  | SOLE |  | 0 | 0 | 18665 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 6018958 | 44388 | SH |  | SOLE |  | 11000 | 0 | 33388 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 7616190 | 86322 | SH |  | SOLE |  | 0 | 0 | 86322 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 6318463 | 71210 | SH |  | SOLE |  | 0 | 0 | 71210 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 | BBG001TBMNT5 | 2557238 | 67172 | SH |  | SOLE |  | 0 | 0 | 67172 |
| ALTERYX INC | NOTE 0.500% 8/0 | 02156BAD5 |  | 297986 | 325000 | PRN |  | SOLE |  | 0 | 0 | 325000 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 3150739 | 68929 | SH |  | SOLE |  | 0 | 0 | 68929 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1924860 | 22915 | SH |  | SOLE |  | 0 | 0 | 22915 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 913229 | 9618 | SH |  | SOLE |  | 0 | 0 | 9618 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 454922 | 3079 | SH |  | SOLE |  | 0 | 0 | 3079 |
| ANGEL OAK FINL STRATEGIES IN | COM BEN INT | 03464A100 | BBG00P48H8F0 | 165915 | 12952 | SH |  | SOLE |  | 0 | 0 | 12952 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 | BBG001S8J4S0 | 211306 | 10024 | SH |  | SOLE |  | 0 | 0 | 10024 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 | BBG00GBNZ4N9 | 755300 | 70000 | SH |  | SOLE |  | 0 | 0 | 70000 |
| ANTERO RESOURCES CORP | COM | 03674X106 | BBG001T61KH8 | 2086402 | 67325 | SH |  | SOLE |  | 0 | 0 | 67325 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 2022043 | 6737 | SH |  | SOLE |  | 0 | 0 | 6737 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 10683061 | 82222 | SH |  | SOLE |  | 0 | 0 | 82222 |
| ARCH RESOURCES INC | CL A | 03940R107 | BBG00DZB5DD0 | 392672 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| ARDELYX INC | COM | 039697107 | BBG001WH4F33 | 4758782 | 1669748 | SH |  | SOLE |  | 1000000 | 0 | 669748 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 1262609 | 68360 | SH |  | SOLE |  | 0 | 0 | 68360 |
| ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 | BBG001S5NVT0 | 770379 | 53835 | SH |  | SOLE |  | 0 | 0 | 53835 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 1855470 | 100786 | SH |  | SOLE |  | 0 | 0 | 100786 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 913878 | 3826 | SH |  | SOLE |  | 0 | 0 | 3826 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 568670 | 17170 | SH |  | SOLE |  | 0 | 0 | 17170 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 1426642 | 31341 | SH |  | SOLE |  | 0 | 0 | 31341 |
| BARRICK GOLD CORP | COM | 067901108 | BBG001S5N9P3 | 1701857 | 99060 | SH |  | SOLE |  | 0 | 0 | 99060 |
| BAXTER INTL INC | COM | 071813109 | BBG001S5P1K3 | 393641 | 7723 | SH |  | SOLE |  | 0 | 0 | 7723 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 16411239 | 53128 | SH |  | SOLE |  | 0 | 0 | 53128 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 | BBG001S5P5K4 | 806836 | 13003 | SH |  | SOLE |  | 0 | 0 | 13003 |
| BIOGEN INC | COM | 09062X103 | BBG001S67826 | 237044 | 856 | SH |  | SOLE |  | 0 | 0 | 856 |
| BK OF AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 1104320 | 952 | SH |  | SOLE |  | 0 | 0 | 952 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 | BBG008B5CF38 | 328965 | 19500 | SH |  | SOLE |  | 0 | 0 | 19500 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 | BBG001S9L8L3 | 317934 | 34558 | SH |  | SOLE |  | 0 | 0 | 34558 |
| BLACKROCK FLOATING RATE INCO | COM | 09255X100 | BBG001SBM043 | 113726 | 10100 | SH |  | SOLE |  | 0 | 0 | 10100 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 1377577 | 1944 | SH |  | SOLE |  | 0 | 0 | 1944 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 1420442 | 19146 | SH |  | SOLE |  | 0 | 0 | 19146 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 111285 | 1500 | SH | Call | SOLE |  | 0 | 0 | 1500 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 | BBG001S5Q7V7 | 513076 | 24236 | SH |  | SOLE |  | 0 | 0 | 24236 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 44384 | 233 | SH |  | SOLE |  | 0 | 0 | 233 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 190490 | 1000 | SH | Call | SOLE |  | 0 | 0 | 1000 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 427438 | 12237 | SH |  | SOLE |  | 0 | 0 | 12237 |
| BRANDYWINEGBL GBL INCM OPP F | COM | 10537L104 | BBG002B1RS18 | 451901 | 55448 | SH |  | SOLE |  | 0 | 0 | 55448 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 4765248 | 66230 | SH |  | SOLE |  | 0 | 0 | 66230 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 1364517 | 34130 | SH |  | SOLE |  | 0 | 0 | 34130 |
| BUNGE LIMITED | COM | G16962105 | BBG001SJ9BG4 | 1624455 | 16282 | SH |  | SOLE |  | 0 | 0 | 16282 |
| CAMBRIA ETF TR | GLOBAL VALUE ETF | 132061409 | BBG0064MXCT9 | 442004 | 22056 | SH |  | SOLE |  | 0 | 0 | 22056 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 10547217 | 465250 | SH |  | SOLE |  | 0 | 0 | 465250 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG001S5YC56 | 971220 | 17490 | SH |  | SOLE |  | 0 | 0 | 17490 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 3245424 | 27300 | SH |  | SOLE |  | 0 | 0 | 27300 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 1407849 | 11221 | SH |  | SOLE |  | 0 | 0 | 11221 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 2270693 | 27688 | SH |  | SOLE |  | 0 | 0 | 27688 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 8479707 | 99527 | SH |  | SOLE |  | 30000 | 0 | 69527 |
| CHARGEPOINT HOLDINGS INC | COM CL A | 15961R105 | BBG00Q741ZS7 | 142950 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG001S7W158 | 3819443 | 25470 | SH |  | SOLE |  | 0 | 0 | 25470 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 5988416 | 33364 | SH |  | SOLE |  | 0 | 0 | 33364 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 1045303 | 4738 | SH |  | SOLE |  | 0 | 0 | 4738 |
| CIGNA CORP NEW | COM | 125523100 | BBG00KXRCDQ9 | 243535 | 735 | SH |  | SOLE |  | 0 | 0 | 735 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 210003 | 465 | SH |  | SOLE |  | 0 | 0 | 465 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 1060037 | 26925 | SH |  | SOLE |  | 0 | 0 | 26925 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 405972 | 25200 | SH |  | SOLE |  | 0 | 0 | 25200 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 2107766 | 12534 | SH |  | SOLE |  | 0 | 0 | 12534 |
| CNB FINL CORP PA | COM | 126128107 | BBG001S80QZ3 | 6545057 | 275118 | SH |  | SOLE |  | 100000 | 0 | 175118 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 1623001 | 25515 | SH |  | SOLE |  | 0 | 0 | 25515 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 | BBG001SJYNK5 | 338859 | 14125 | SH |  | SOLE |  | 0 | 0 | 14125 |
| COMSTOCK RES INC | COM | 205768302 | BBG001S8FX55 | 141144 | 10295 | SH |  | SOLE |  | 0 | 0 | 10295 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1454350 | 12325 | SH |  | SOLE |  | 0 | 0 | 12325 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 3081232 | 35741 | SH |  | SOLE |  | 0 | 0 | 35741 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 272074 | 596 | SH |  | SOLE |  | 0 | 0 | 596 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 1324814 | 53920 | SH |  | SOLE |  | 0 | 0 | 53920 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 1995664 | 21415 | SH |  | SOLE |  | 0 | 0 | 21415 |
| DAVITA INC | COM | 23918K108 | BBG001SB5DZ0 | 1012152 | 13555 | SH |  | SOLE |  | 0 | 0 | 13555 |
| DENISON MINES CORP | COM | 248356107 | BBG001S9ZPX7 | 29325 | 25500 | SH |  | SOLE |  | 0 | 0 | 25500 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 9521136 | 154790 | SH |  | SOLE |  | 0 | 0 | 154790 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 767643 | 4308 | SH |  | SOLE |  | 0 | 0 | 4308 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 205170 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| DYADIC INTL INC DEL | COM | 26745T101 | BBG001SJV0D6 | 60430 | 49130 | SH |  | SOLE |  | 0 | 0 | 49130 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 1986516 | 12657 | SH |  | SOLE |  | 0 | 0 | 12657 |
| EATON VANCE LTD DURATION INC | COM | 27828H105 | BBG001S9B8R8 | 127281 | 13555 | SH |  | SOLE |  | 0 | 0 | 13555 |
| EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | BBG001SC5HJ7 | 323189 | 29542 | SH |  | SOLE |  | 0 | 0 | 29542 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 1100559 | 11457 | SH |  | SOLE |  | 0 | 0 | 11457 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 825544 | 21135 | SH |  | SOLE |  | 0 | 0 | 21135 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 4006962 | 337571 | SH |  | SOLE |  | 0 | 0 | 337571 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 118700 | 10000 | SH | Call | SOLE |  | 0 | 0 | 10000 |
| ENOVIX CORPORATION | COM | 293594107 | BBG00YC538B7 | 1063620 | 85500 | SH |  | SOLE |  | 0 | 0 | 85500 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 3333095 | 138188 | SH |  | SOLE |  | 0 | 0 | 138188 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 5205279 | 40189 | SH |  | SOLE |  | 0 | 0 | 40189 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 377881 | 11170 | SH |  | SOLE |  | 0 | 0 | 11170 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | BBG001S723L9 | 1277916 | 21660 | SH |  | SOLE |  | 0 | 0 | 21660 |
| ETF MANAGERS TR | ETFMG ALTR HRVST | 26924G508 | BBG00B9M3PB6 | 267102 | 62700 | SH |  | SOLE |  | 0 | 0 | 62700 |
| ETF MANAGERS TR | PRIME JUNIR SLVR | 26924G102 | BBG003NYHL53 | 964016 | 91376 | SH |  | SOLE |  | 0 | 0 | 91376 |
| EVERCORE INC | CLASS A | 29977A105 | BBG001SC3S41 | 6771250 | 62076 | SH |  | SOLE |  | 25000 | 0 | 37076 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 4664196 | 107893 | SH |  | SOLE |  | 0 | 0 | 107893 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 12521418 | 113521 | SH |  | SOLE |  | 0 | 0 | 113521 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 661797 | 3821 | SH |  | SOLE |  | 0 | 0 | 3821 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG001SCW8R8 | 588122 | 24005 | SH |  | SOLE |  | 0 | 0 | 24005 |
| FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 | BBG00TJJ13N1 | 498234 | 36961 | SH |  | SOLE |  | 0 | 0 | 36961 |
| FIRST TR INTER DURATN PFD | COM | 33718W103 | BBG0043KQ5L0 | 404964 | 24005 | SH |  | SOLE |  | 0 | 0 | 24005 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 | BBG00243P8S9 | 1105529 | 25432 | SH |  | SOLE |  | 0 | 0 | 25432 |
| FMC CORP | COM NEW | 302491303 | BBG001S5R880 | 236496 | 1895 | SH |  | SOLE |  | 0 | 0 | 1895 |
| FORD MTR CO DEL | COM | 345370860 | BBG001S5TZ33 | 87365 | 7512 | SH |  | SOLE |  | 0 | 0 | 7512 |
| FORD MTR CO DEL | COM | 345370860 | BBG001S5TZ33 | 58150 | 5000 | SH | Call | SOLE |  | 0 | 0 | 5000 |
| FRANCO NEV CORP | COM | 351858105 | BBG001STGSR5 | 2697241 | 19763 | SH |  | SOLE |  | 0 | 0 | 19763 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 2398940 | 63130 | SH |  | SOLE |  | 0 | 0 | 63130 |
| GABELLI EQUITY TR INC | COM | 362397101 | BBG001S5RFR3 | 130029 | 23728 | SH |  | SOLE |  | 0 | 0 | 23728 |
| GENCO SHIPPING  TRADING LTD | SHS | Y2685T131 | BBG006TBN969 | 1835197 | 119479 | SH |  | SOLE |  | 0 | 0 | 119479 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 587773 | 2369 | SH |  | SOLE |  | 0 | 0 | 2369 |
| GENPREX INC | COM | 372446104 | BBG00F7T0166 | 18238 | 12578 | SH |  | SOLE |  | 0 | 0 | 12578 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 492092 | 5732 | SH |  | SOLE |  | 0 | 0 | 5732 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 | BBG002WKD6P0 | 1468355 | 35562 | SH |  | SOLE |  | 0 | 0 | 35562 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 | BBG001T8JBX7 | 298498 | 8425 | SH |  | SOLE |  | 0 | 0 | 8425 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 | BBG001SSPRJ8 | 1307482 | 46414 | SH |  | SOLE |  | 0 | 0 | 46414 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | BBG001TF8NP6 | 405315 | 20185 | SH |  | SOLE |  | 0 | 0 | 20185 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 | BBG001T9BM41 | 563945 | 9622 | SH |  | SOLE |  | 0 | 0 | 9622 |
| GOLDMAN SACHS PHYSICAL GOLD | UNIT | 38150K103 | BBG00LPXX8Z1 | 243310 | 13450 | SH |  | SOLE |  | 0 | 0 | 13450 |
| GOLUB CAP BDC INC | COM | 38173M102 | BBG001T63BY7 | 484106 | 36786 | SH |  | SOLE |  | 0 | 0 | 36786 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG001SJB7J7 | 529151 | 7735 | SH |  | SOLE |  | 0 | 0 | 7735 |
| HECLA MNG CO | COM | 422704106 | BBG001S5RXF7 | 2126895 | 382535 | SH |  | SOLE |  | 0 | 0 | 382535 |
| HERBALIFE NUTRITION LTD | COM SHS | G4412G101 | BBG001SKFKY4 | 4694923 | 315519 | SH |  | SOLE |  | 135000 | 0 | 180519 |
| HERBALIFE NUTRITION LTD | NOTE 2.625% 3/1 | 42703MAD5 |  | 2074500 | 2250000 | PRN |  | SOLE |  | 2250000 | 0 | 0 |
| HERON THERAPEUTICS INC | COM | 427746102 | BBG001SB92D4 | 1429637 | 571855 | SH |  | SOLE |  | 350000 | 0 | 221855 |
| HIGHLAND INCOME FD | HIGHLAND INCOME | 43010E404 | BBG001V1HXF3 | 184714 | 17933 | SH |  | SOLE |  | 0 | 0 | 17933 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 911200 | 2885 | SH |  | SOLE |  | 0 | 0 | 2885 |
| I-80 GOLD CORP | COM | 44955L106 | BBG00Z3VDWG8 | 180658 | 64750 | SH |  | SOLE |  | 0 | 0 | 64750 |
| IDEX CORP | COM | 45167R104 | BBG001S67N14 | 513742 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 302692 | 1374 | SH |  | SOLE |  | 0 | 0 | 1374 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 796849 | 30149 | SH |  | SOLE |  | 0 | 0 | 30149 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 817303 | 5801 | SH |  | SOLE |  | 0 | 0 | 5801 |
| INVESCO CURRENCYSHARES JAPAN | JAPANESE YEN | 46138W107 | BBG001SMC6F5 | 1075387 | 15125 | SH |  | SOLE |  | 0 | 0 | 15125 |
| INVESCO EXCH TRADED FD TR II | S SMLCP ENGY | 46138E164 | BBG001T7V3C6 | 223705 | 21975 | SH |  | SOLE |  | 0 | 0 | 21975 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 | BBG006F9S8B0 | 1018902 | 45507 | SH |  | SOLE |  | 0 | 0 | 45507 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 25316 | 95 | SH |  | SOLE |  | 0 | 0 | 95 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 33551280 | 126000 | SH | Put | SOLE |  | 125000 | 0 | 1000 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 3654814 | 105661 | SH |  | SOLE |  | 0 | 0 | 105661 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | BBG001SFN5N1 | 4989616 | 178392 | SH |  | SOLE |  | 0 | 0 | 178392 |
| ISHARES INC | MSCI CHILE ETF | 464286640 | BBG001T0LL05 | 312889 | 11550 | SH |  | SOLE |  | 0 | 0 | 11550 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 | BBG00H5VLN77 | 2131356 | 44899 | SH |  | SOLE |  | 0 | 0 | 44899 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 | BBG001S8SYQ6 | 1990610 | 40255 | SH |  | SOLE |  | 0 | 0 | 40255 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 | BBG001SF9FC7 | 976087 | 17282 | SH |  | SOLE |  | 0 | 0 | 17282 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 1031967 | 46865 | SH |  | SOLE |  | 0 | 0 | 46865 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 1005499 | 35530 | SH |  | SOLE |  | 0 | 0 | 35530 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 254509 | 662 | SH |  | SOLE |  | 0 | 0 | 662 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 805340 | 16165 | SH |  | SOLE |  | 0 | 0 | 16165 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 | BBG001SJRVW2 | 937460 | 40955 | SH |  | SOLE |  | 0 | 0 | 40955 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 | BBG001S56QM7 | 1570547 | 70145 | SH |  | SOLE |  | 0 | 0 | 70145 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 707613 | 6648 | SH |  | SOLE |  | 0 | 0 | 6648 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 | BBG001S8KHC6 | 6630352 | 313789 | SH |  | SOLE |  | 110000 | 0 | 203789 |
| JAPAN SMALLER CAPITALIZATION | COM | 47109U104 | BBG001S6JF54 | 70276 | 10845 | SH |  | SOLE |  | 0 | 0 | 10845 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 5507502 | 31177 | SH |  | SOLE |  | 0 | 0 | 31177 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1778015 | 13259 | SH |  | SOLE |  | 0 | 0 | 13259 |
| JUPITER WELLNESS INC | COM NEW | 48208F105 | BBG00VJHSMV0 | 17338 | 22531 | SH |  | SOLE |  | 0 | 0 | 22531 |
| KRANESHARES TR | CALIFORNIA CARB | 500767553 | BBG012TH9ZK6 | 3357467 | 144534 | SH |  | SOLE |  | 55000 | 0 | 89534 |
| KRANESHARES TR | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 1641521 | 54355 | SH |  | SOLE |  | 0 | 0 | 54355 |
| KRANESHARES TR | QUADRTC INT RT | 500767736 | BBG00NW3SL00 | 6126917 | 270983 | SH |  | SOLE |  | 0 | 0 | 270983 |
| KT CORP | SPONSORED ADR | 48268K101 | BBG001SCTCR3 | 209925 | 15550 | SH |  | SOLE |  | 0 | 0 | 15550 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 410838 | 1123 | SH |  | SOLE |  | 0 | 0 | 1123 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 366300 | 1123 | SH |  | SOLE |  | 0 | 0 | 1123 |
| LISTED FD TR | HORIZON KINETICS | 53656F623 | BBG00YV34KZ7 | 5587354 | 177489 | SH |  | SOLE |  | 0 | 0 | 177489 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 413655 | 850 | SH |  | SOLE |  | 0 | 0 | 850 |
| LUMENTUM HLDGS INC | COM | 55024U109 | BBG0073F9RS8 | 5378414 | 103094 | SH |  | SOLE |  | 42000 | 0 | 61094 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 1715000 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | BBG001T8LMY9 | 4799549 | 57805 | SH |  | SOLE |  | 0 | 0 | 57805 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | BBG001S731Q7 | 204104 | 4065 | SH |  | SOLE |  | 0 | 0 | 4065 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG001S76KD6 | 198452 | 11124 | SH |  | SOLE |  | 0 | 0 | 11124 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG001S7QC51 | 256519 | 759 | SH |  | SOLE |  | 0 | 0 | 759 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 2050699 | 7782 | SH |  | SOLE |  | 0 | 0 | 7782 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 861448 | 11084 | SH |  | SOLE |  | 0 | 0 | 11084 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 7668342 | 69115 | SH |  | SOLE |  | 0 | 0 | 69115 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 222027 | 1845 | SH |  | SOLE |  | 0 | 0 | 1845 |
| MFS INTER INCOME TR | SH BEN INT | 55273C107 | BBG001S5T6D6 | 101132 | 36642 | SH |  | SOLE |  | 0 | 0 | 36642 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 6539833 | 130849 | SH |  | SOLE |  | 33000 | 0 | 97849 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 6623421 | 27618 | SH |  | SOLE |  | 0 | 0 | 27618 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1015309 | 11942 | SH |  | SOLE |  | 0 | 0 | 11942 |
| MORNINGSTAR INC | COM | 617700109 | BBG001SC6FV6 | 406423 | 1876 | SH |  | SOLE |  | 0 | 0 | 1876 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 11441972 | 260815 | SH |  | SOLE |  | 60000 | 0 | 200815 |
| MP MATERIALS CORP | COM CL A | 553368101 | BBG00TJGL0T5 | 316004 | 13015 | SH |  | SOLE |  | 0 | 0 | 13015 |
| MRC GLOBAL INC | COM | 55345K103 | BBG001SN9P56 | 9694707 | 837194 | SH |  | SOLE |  | 200000 | 0 | 637194 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 2626028 | 55636 | SH |  | SOLE |  | 0 | 0 | 55636 |
| NEXGEN ENERGY LTD | COM | 65340P106 | BBG00334PFM6 | 845355 | 191200 | SH |  | SOLE |  | 0 | 0 | 191200 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 869022 | 10395 | SH |  | SOLE |  | 0 | 0 | 10395 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 1235158 | 10556 | SH |  | SOLE |  | 0 | 0 | 10556 |
| NOBLE CORP PLC | ORD SHS A | G65431127 | BBG018KBK3H7 | 543967 | 14425 | SH |  | SOLE |  | 0 | 0 | 14425 |
| NOKIA CORP | SPONSORED ADR | 654902204 | BBG001SCPCG9 | 46428 | 10006 | SH |  | SOLE |  | 0 | 0 | 10006 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 244449 | 992 | SH |  | SOLE |  | 0 | 0 | 992 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 272805 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 3967238 | 43731 | SH |  | SOLE |  | 0 | 0 | 43731 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | BBG0136WM2Y9 | 78144 | 19200 | SH |  | SOLE |  | 0 | 0 | 19200 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | BBG0136WM2Y9 | 20350 | 5000 | SH | Call | SOLE |  | 0 | 0 | 5000 |
| NUSCALE PWR CORP | CL A COM | 67079K100 | BBG00YG48PG8 | 1142707 | 111375 | SH |  | SOLE |  | 0 | 0 | 111375 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 2743898 | 37607 | SH |  | SOLE |  | 0 | 0 | 37607 |
| NUVEEN CORE PLUS IMPACT FUND | COM BEN INT | 67080D103 | BBG010CJ1P88 | 103600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| NUVEEN MORTGAGE AND INCOME F | COM | 670735109 | BBG001T611C5 | 318390 | 19678 | SH |  | SOLE |  | 0 | 0 | 19678 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 238208 | 1630 | SH |  | SOLE |  | 0 | 0 | 1630 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 2583220 | 41010 | SH |  | SOLE |  | 0 | 0 | 41010 |
| PEABODY ENERGY CORP | COM | 704551100 | BBG00GBV89J5 | 2092992 | 79220 | SH |  | SOLE |  | 0 | 0 | 79220 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 5730500 | 31720 | SH |  | SOLE |  | 0 | 0 | 31720 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 3709571 | 72396 | SH |  | SOLE |  | 0 | 0 | 72396 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 2927846 | 28928 | SH |  | SOLE |  | 0 | 0 | 28928 |
| PIONEER NAT RES CO | COM | 723787107 | BBG001S7V1J4 | 1017350 | 4454 | SH |  | SOLE |  | 0 | 0 | 4454 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1109722 | 7322 | SH |  | SOLE |  | 0 | 0 | 7322 |
| PROSHARES TR | BITCOIN STRATE | 74347G440 | BBG0131STKH5 | 144455 | 13850 | SH |  | SOLE |  | 0 | 0 | 13850 |
| PROSHARES TR | SHORT QQQ NEW | 74347B714 | BBG001SR6H58 | 1026720 | 69750 | SH |  | SOLE |  | 0 | 0 | 69750 |
| PUBLIC STORAGE | COM | 74460D109 | BBG001S5TH79 | 1006723 | 3593 | SH |  | SOLE |  | 0 | 0 | 3593 |
| PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | BBG001S5VCG7 | 42834 | 11800 | SH |  | SOLE |  | 0 | 0 | 11800 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 434263 | 3950 | SH |  | SOLE |  | 0 | 0 | 3950 |
| RANGE RES CORP | COM | 75281A109 | BBG001SBZNN8 | 267714 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 2066943 | 20481 | SH |  | SOLE |  | 0 | 0 | 20481 |
| ROCKLEY PHOTONICS HLDGS LTD | ORDINARY SHARES | G7614L109 | BBG010MVZF76 | 3456 | 24667 | SH |  | SOLE |  | 0 | 0 | 24667 |
| ROYAL GOLD INC | COM | 780287108 | BBG001S5VNX4 | 338160 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 266947 | 797 | SH |  | SOLE |  | 0 | 0 | 797 |
| SANOFI | SPONSORED ADR | 80105N105 | BBG001S5W768 | 538687 | 11123 | SH |  | SOLE |  | 0 | 0 | 11123 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 2320872 | 43413 | SH |  | SOLE |  | 0 | 0 | 43413 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 5190732 | 59343 | SH |  | SOLE |  | 0 | 0 | 59343 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 394087 | 11523 | SH |  | SOLE |  | 0 | 0 | 11523 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 431595 | 3177 | SH |  | SOLE |  | 0 | 0 | 3177 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | BBG001S7T232 | 378108 | 3850 | SH |  | SOLE |  | 0 | 0 | 3850 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 217150 | 3813 | SH |  | SOLE |  | 0 | 0 | 3813 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 | BBG00RRGP4W4 | 938879 | 88075 | SH |  | SOLE |  | 0 | 0 | 88075 |
| SILVERCREST METALS INC | COM | 828363101 | BBG009XQLJF5 | 266502 | 44575 | SH |  | SOLE |  | 0 | 0 | 44575 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | BBG001S77WM9 | 549219 | 4675 | SH |  | SOLE |  | 0 | 0 | 4675 |
| SIMPLIFY EXCHANGE TRADED FUN | SIMPLIFY INTERST | 82889N855 | BBG010Z8GX02 | 4353172 | 60790 | SH |  | SOLE |  | 16000 | 0 | 44790 |
| SISECAM RESOURCES LP | COM UNIT LTD | 172464109 | BBG004T7T306 | 337365 | 16065 | SH |  | SOLE |  | 0 | 0 | 16065 |
| SK TELECOM LTD | SPONSORED ADR | 78440P306 | BBG001S91DP0 | 345194 | 16765 | SH |  | SOLE |  | 0 | 0 | 16765 |
| SLR INVESTMENT CORP | COM | 83413U100 | BBG001T1Q8N2 | 1800649 | 129450 | SH |  | SOLE |  | 0 | 0 | 129450 |
| SM ENERGY CO | COM | 78454L100 | BBG001S6W0J7 | 5801842 | 166576 | SH |  | SOLE |  | 0 | 0 | 166576 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 | BBG001S5W6H8 | 8080569 | 105933 | SH |  | SOLE |  | 35000 | 0 | 70933 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 | BBG001S5WHW7 | 326635 | 55835 | SH |  | SOLE |  | 0 | 0 | 55835 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1025648 | 2682 | SH |  | SOLE |  | 0 | 0 | 2682 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 61571230 | 161000 | SH | Put | SOLE |  | 160000 | 0 | 1000 |
| SPDR SER TR | S BIOTECH | 78464A870 | BBG001SQDKG3 | 1205824 | 14528 | SH |  | SOLE |  | 0 | 0 | 14528 |
| SPDR SER TR | S METALS MNG | 78464A755 | BBG001SMH2W0 | 1587445 | 31870 | SH |  | SOLE |  | 0 | 0 | 31870 |
| SPDR SER TR | S OILGAS EXP | 78468R556 | BBG001SB12P9 | 376388 | 2770 | SH |  | SOLE |  | 0 | 0 | 2770 |
| SPIRIT AIRLS INC | NOTE 4.750% 5/1 | 848577AA0 |  | 527159 | 305000 | PRN |  | SOLE |  | 0 | 0 | 305000 |
| SPROTT ETF TRUST | GOLD MINERS ETF | 85210B102 | BBG006T1GQZ9 | 821512 | 33179 | SH |  | SOLE |  | 0 | 0 | 33179 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 | BBG016ZGFLP1 | 214880 | 6770 | SH |  | SOLE |  | 0 | 0 | 6770 |
| SPROTT INC | COM NEW | 852066208 | BBG001T2FK64 | 223571 | 6725 | SH |  | SOLE |  | 0 | 0 | 6725 |
| SPROTT PHYSICAL GOLD  SILVE | TR UNIT | 85208R101 | BBG00JPZ8T56 | 8593341 | 479272 | SH |  | SOLE |  | 0 | 0 | 479272 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 | BBG001T66XM9 | 58265698 | 4132319 | SH |  | SOLE |  | 675000 | 0 | 3457319 |
| SPROTT PHYSICAL PLAT PALLAD | UNIT | 85207Q104 | BBG002DMRZ32 | 255528 | 18775 | SH |  | SOLE |  | 0 | 0 | 18775 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 | BBG001T96GD0 | 4012287 | 486928 | SH |  | SOLE |  | 0 | 0 | 486928 |
| SPROUTS FMRS MKT INC | COM | 85208M102 | BBG001V0MZS0 | 7343620 | 226865 | SH |  | SOLE |  | 65000 | 0 | 161865 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 | BBG001STPPK8 | 6561851 | 126044 | SH |  | SOLE |  | 53000 | 0 | 73044 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 276322 | 3678 | SH |  | SOLE |  | 0 | 0 | 3678 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 903172 | 9105 | SH |  | SOLE |  | 0 | 0 | 9105 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 9741015 | 306997 | SH |  | SOLE |  | 0 | 0 | 306997 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 703930 | 9450 | SH |  | SOLE |  | 0 | 0 | 9450 |
| TECK RESOURCES LTD | CL B | 878742204 | BBG001S60LH8 | 3619823 | 95712 | SH |  | SOLE |  | 0 | 0 | 95712 |
| TEMPLETON GLOBAL INCOME FD | COM | 880198106 | BBG001S5RKQ3 | 52029 | 12016 | SH |  | SOLE |  | 0 | 0 | 12016 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 | BBG001S70FY0 | 1463944 | 30005 | SH |  | SOLE |  | 0 | 0 | 30005 |
| TPI COMPOSITES INC | COM | 87266J104 | BBG001TCHC68 | 221305 | 21825 | SH |  | SOLE |  | 0 | 0 | 21825 |
| TRANSOCEAN LTD | REG SHS | H8817H100 | BBG001S7B678 | 216627 | 47506 | SH |  | SOLE |  | 0 | 0 | 47506 |
| TYSON FOODS INC | CL A | 902494103 | BBG001S871D5 | 955537 | 15350 | SH |  | SOLE |  | 0 | 0 | 15350 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 353210 | 753 | SH |  | SOLE |  | 0 | 0 | 753 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1109895 | 5360 | SH |  | SOLE |  | 0 | 0 | 5360 |
| UNITED STS COMMODITY INDEX F | COMM IDX FND | 911717106 | BBG001TB7T82 | 1712150 | 30422 | SH |  | SOLE |  | 0 | 0 | 30422 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 335884 | 7702 | SH |  | SOLE |  | 0 | 0 | 7702 |
| V F CORP | COM | 918204108 | BBG001S5X749 | 5703370 | 206569 | SH |  | SOLE |  | 64000 | 0 | 142569 |
| VALARIS LIMITED | CL A | G9460G101 | BBG010JW9K58 | 243432 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG001SB54S8 | 517415 | 30490 | SH |  | SOLE |  | 0 | 0 | 30490 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 908318 | 7160 | SH |  | SOLE |  | 0 | 0 | 7160 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 | BBG001SPSH76 | 334948 | 3902 | SH |  | SOLE |  | 0 | 0 | 3902 |
| VANECK ETF TRUST | CHINA BOND ETF | 92189F379 | BBG007HMYQ20 | 1399928 | 63245 | SH |  | SOLE |  | 0 | 0 | 63245 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 6895939 | 240612 | SH |  | SOLE |  | 0 | 0 | 240612 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 | BBG001T9BPT7 | 942862 | 38913 | SH |  | SOLE |  | 0 | 0 | 38913 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 | BBG001T60G06 | 834923 | 23420 | SH |  | SOLE |  | 0 | 0 | 23420 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 | BBG002XRNHT5 | 213229 | 3285 | SH |  | SOLE |  | 0 | 0 | 3285 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 | BBG001SGYST1 | 288847 | 950 | SH |  | SOLE |  | 0 | 0 | 950 |
| VANECK ETF TRUST | RARE EARTH/STRTG | 92189H805 | BBG001TCVD33 | 287885 | 3780 | SH |  | SOLE |  | 0 | 0 | 3780 |
| VANECK MERK GOLD TR | GOLD TRUST | 921078101 | BBG002WYN9L7 | 8586054 | 485362 | SH |  | SOLE |  | 125000 | 0 | 360362 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 231034 | 3069 | SH |  | SOLE |  | 0 | 0 | 3069 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 439241 | 2766 | SH |  | SOLE |  | 0 | 0 | 2766 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1542903 | 8070 | SH |  | SOLE |  | 0 | 0 | 8070 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 337824 | 2407 | SH |  | SOLE |  | 0 | 0 | 2407 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 274767 | 5480 | SH |  | SOLE |  | 0 | 0 | 5480 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 1694850 | 43480 | SH |  | SOLE |  | 0 | 0 | 43480 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 4981161 | 106640 | SH |  | SOLE |  | 0 | 0 | 106640 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 633644 | 8175 | SH |  | SOLE |  | 0 | 0 | 8175 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 390011 | 5187 | SH |  | SOLE |  | 0 | 0 | 5187 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 1828127 | 12039 | SH |  | SOLE |  | 0 | 0 | 12039 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 2478097 | 22901 | SH |  | SOLE |  | 0 | 0 | 22901 |
| VELO3D INC | COMMON STOCK | 92259N104 | BBG00YZ5PM72 | 24557 | 13719 | SH |  | SOLE |  | 0 | 0 | 13719 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 4111499 | 104353 | SH |  | SOLE |  | 0 | 0 | 104353 |
| VERTICAL CAP INCOME FD | SHS BEN INT | 92535C104 | BBG0038Q3192 | 418350 | 48031 | SH |  | SOLE |  | 0 | 0 | 48031 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1692205 | 8145 | SH |  | SOLE |  | 0 | 0 | 8145 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | BBG001S6MDB8 | 1096978 | 108397 | SH |  | SOLE |  | 0 | 0 | 108397 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG001S5XBY7 | 278780 | 7462 | SH |  | SOLE |  | 0 | 0 | 7462 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 3422507 | 24138 | SH |  | SOLE |  | 0 | 0 | 24138 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 988030 | 6298 | SH |  | SOLE |  | 0 | 0 | 6298 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 203365 | 2169 | SH |  | SOLE |  | 0 | 0 | 2169 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 1387635 | 1171 | SH |  | SOLE |  | 0 | 0 | 1171 |
| WESTERN ASSET HIGH INCOME OP | COM | 95766K109 | BBG001S7HQ69 | 134644 | 34087 | SH |  | SOLE |  | 0 | 0 | 34087 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 | BBG001SBSMH5 | 153411 | 17818 | SH |  | SOLE |  | 0 | 0 | 17818 |
| WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 | BBG006F8Q8C3 | 708525 | 30150 | SH |  | SOLE |  | 0 | 0 | 30150 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 320478 | 10338 | SH |  | SOLE |  | 0 | 0 | 10338 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | BBG001S6DSP0 | 597403 | 15287 | SH |  | SOLE |  | 0 | 0 | 15287 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG001SHY2Q9 | 463235 | 1894 | SH |  | SOLE |  | 0 | 0 | 1894 |
| WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 | BBG001S5WCY6 | 412974 | 17058 | SH |  | SOLE |  | 0 | 0 | 17058 |
| WYNN RESORTS LTD | COM | 983134107 | BBG001SJZ2V8 | 1090666 | 13225 | SH |  | SOLE |  | 0 | 0 | 13225 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 | BBG001S6SX73 | 596153 | 2325 | SH |  | SOLE |  | 0 | 0 | 2325 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 | BBG00YQ7XRV1 | 227338 | 13225 | SH |  | SOLE |  | 0 | 0 | 13225 |

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