# EDGAR Filing Document

**Accession Number:** 0002011328
**File Stem:** 0002011328-25-000005
**Filing Date:** 2025-8
**Character Count:** 10272
**Document Hash:** f8fa640983161637be45145598ce0c43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002011328-25-000005.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0002011328-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EIGHT 31 FINANCIAL, LLC
- **CENTRAL INDEX KEY:** 0002011328

**ORGANIZATION NAME:**
- **EIN:** 932099118
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23884
- **FILM NUMBER:** 251217646

**BUSINESS ADDRESS:**
- **STREET 1:** 3200 MOCKINGBIRD LANE
- **STREET 2:** BUILDING 7, SUITE 204
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79705
- **BUSINESS PHONE:** 432-282-0251

**MAIL ADDRESS:**
- **STREET 1:** 3200 MOCKINGBIRD LANE
- **STREET 2:** BUILDING 7, SUITE 204
- **CITY:** MIDLAND
- **STATE:** TX
- **ZIP:** 79705

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EIGHT 31 FINANCIAL LLC
- **DATE OF NAME CHANGE:** 20240208

### 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:** EIGHT 31 FINANCIAL LLC<br>**Address:** 3200 MOCKINGBIRD LANE<br>BUILDING 7 SUITE 204<br>MIDLAND, TX 79705

**Form 13F File Number:** 028-23884

**CRD Number (if applicable):** 000327632

**SEC File Number (if applicable):** 801-128608

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:** Dane Crunk<br>**Title:** Managing Partner and Chief Compliance Officer<br>**Phone:** 432-282-0251

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

/s/ Dane Crunk  Midland, TX  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 65

**Form 13F Information Table Value Total:** $151459760

      (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 |
| AGNC INVT CORP | COM | 00123Q104 |  | 143437 | 15608 | SH |  | SOLE |  | 0 | 0 | 15608 |
| AMAZON COM INC | COM | 023135106 |  | 438780 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| APPLE INC | COM | 037833100 |  | 4908488 | 23924 | SH |  | SOLE |  | 0 | 0 | 23924 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 437843 | 19938 | SH |  | SOLE |  | 0 | 0 | 19938 |
| BLACKROCK TCP CAPITAL CORP | COM | 09259E108 |  | 132794 | 17246 | SH |  | SOLE |  | 0 | 0 | 17246 |
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 |  | 62620 | 12400 | SH |  | SOLE |  | 0 | 0 | 12400 |
| BROADCOM INC | COM | 11135F101 |  | 223277 | 810 | SH |  | SOLE |  | 0 | 0 | 810 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1009918 | 7053 | SH |  | SOLE |  | 0 | 0 | 7053 |
| COCA COLA CO | COM | 191216100 |  | 228806 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 499597 | 5567 | SH |  | SOLE |  | 0 | 0 | 5567 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 494970 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1188995 | 9250 | SH |  | SOLE |  | 0 | 0 | 9250 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 326659 | 10269 | SH |  | SOLE |  | 0 | 0 | 10269 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 717778 | 5224 | SH |  | SOLE |  | 0 | 0 | 5224 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 265444 | 9528 | SH |  | SOLE |  | 0 | 0 | 9528 |
| DYNEX CAP INC | COM | 26817Q886 |  | 139114 | 11384 | SH |  | SOLE |  | 0 | 0 | 11384 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 249910 | 8059 | SH |  | SOLE |  | 0 | 0 | 8059 |
| EOG RES INC | COM | 26875P101 |  | 1366425 | 11424 | SH |  | SOLE |  | 0 | 0 | 11424 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6668653 | 61861 | SH |  | SOLE |  | 0 | 0 | 61861 |
| HIGHPEAK ENERGY INC | COM | 43114Q105 |  | 8249817 | 841818 | SH |  | SOLE |  | 0 | 0 | 841818 |
| HIGHPEAK ENERGY INC | *W EXP 08/21/202 | 43114Q121 |  | 64856 | 308104 | SH |  | SOLE |  | 0 | 0 | 308104 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1948274 | 32455 | SH |  | SOLE |  | 0 | 0 | 32455 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 14812544 | 149320 | SH |  | SOLE |  | 0 | 0 | 149320 |
| ISHARES TR | IBONDS 29 TRM TS | 46436E825 |  | 7752798 | 353686 | SH |  | SOLE |  | 0 | 0 | 353686 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 7751027 | 346647 | SH |  | SOLE |  | 0 | 0 | 346647 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 |  | 6200599 | 243926 | SH |  | SOLE |  | 0 | 0 | 243926 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 6172468 | 254325 | SH |  | SOLE |  | 0 | 0 | 254325 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 6164253 | 254196 | SH |  | SOLE |  | 0 | 0 | 254196 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 6131944 | 272652 | SH |  | SOLE |  | 0 | 0 | 272652 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 6126805 | 267196 | SH |  | SOLE |  | 0 | 0 | 267196 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 6047283 | 98218 | SH |  | SOLE |  | 0 | 0 | 98218 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 5695701 | 74904 | SH |  | SOLE |  | 0 | 0 | 74904 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 5532160 | 119666 | SH |  | SOLE |  | 0 | 0 | 119666 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 3112059 | 133393 | SH |  | SOLE |  | 0 | 0 | 133393 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 3069345 | 27797 | SH |  | SOLE |  | 0 | 0 | 27797 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 1838423 | 79140 | SH |  | SOLE |  | 0 | 0 | 79140 |
| ISHARES TR | IBONDS 25 TRM HG | 46435U168 |  | 1811426 | 77894 | SH |  | SOLE |  | 0 | 0 | 77894 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 1616663 | 81485 | SH |  | SOLE |  | 0 | 0 | 81485 |
| ISHARES TR | IBONDS DEC 2031 | 46436E460 |  | 1076988 | 52536 | SH |  | SOLE |  | 0 | 0 | 52536 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 990643 | 21517 | SH |  | SOLE |  | 0 | 0 | 21517 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 979931 | 2308 | SH |  | SOLE |  | 0 | 0 | 2308 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 940159 | 18402 | SH |  | SOLE |  | 0 | 0 | 18402 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 835886 | 9351 | SH |  | SOLE |  | 0 | 0 | 9351 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 789351 | 4064 | SH |  | SOLE |  | 0 | 0 | 4064 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 709101 | 5514 | SH |  | SOLE |  | 0 | 0 | 5514 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 624542 | 10070 | SH |  | SOLE |  | 0 | 0 | 10070 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 542303 | 4104 | SH |  | SOLE |  | 0 | 0 | 4104 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 508740 | 6100 | SH |  | SOLE |  | 0 | 0 | 6100 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 262420 | 918 | SH |  | SOLE |  | 0 | 0 | 918 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 255739 | 2340 | SH |  | SOLE |  | 0 | 0 | 2340 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 254152 | 1611 | SH |  | SOLE |  | 0 | 0 | 1611 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 766051 | 54875 | SH |  | SOLE |  | 0 | 0 | 54875 |
| MICROSOFT CORP | COM | 594918104 |  | 3089742 | 6212 | SH |  | SOLE |  | 0 | 0 | 6212 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1609603 | 10188 | SH |  | SOLE |  | 0 | 0 | 10188 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 473380 | 11268 | SH |  | SOLE |  | 0 | 0 | 11268 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 378685 | 90163 | SH |  | SOLE |  | 0 | 0 | 90163 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 145128 | 24473 | SH |  | SOLE |  | 0 | 0 | 24473 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 231863 | 3301 | SH |  | SOLE |  | 0 | 0 | 3301 |
| SHELL PLC | SPON ADS | 780259305 |  | 452724 | 6430 | SH |  | SOLE |  | 0 | 0 | 6430 |
| TRIUMPH FINANCIAL INC | COM | 89679E300 |  | 1454519 | 26393 | SH |  | SOLE |  | 0 | 0 | 26393 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 249259 | 13817 | SH |  | SOLE |  | 0 | 0 | 13817 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 11438207 | 20137 | SH |  | SOLE |  | 0 | 0 | 20137 |
| VIPER ENERGY INC | CL A | 927959106 |  | 1945930 | 51034 | SH |  | SOLE |  | 0 | 0 | 51034 |
| WALMART INC | COM | 931142103 |  | 586680 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| WILLIAMS COS INC | COM | 969457100 |  | 266081 | 4236 | SH |  | SOLE |  | 0 | 0 | 4236 |

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