# EDGAR Filing Document

**Accession Number:** 0001221362
**File Stem:** 0001221362-23-000002
**Filing Date:** 2023-2
**Character Count:** 33832
**Document Hash:** 65c8dc6d8299ea5614812957f54a8305
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001221362-23-000002.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001221362-23-000002

**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:** Avalon Investment & Advisory
- **CENTRAL INDEX KEY:** 0001221362
- **IRS NUMBER:** 760676982
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10434
- **FILM NUMBER:** 23616865

**BUSINESS ADDRESS:**
- **STREET 1:** 2929 ALLEN PARKWAY
- **STREET 2:** SUITE 3000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019-7124
- **BUSINESS PHONE:** (713) 238-2050

**MAIL ADDRESS:**
- **STREET 1:** 2929 ALLEN PARKWAY
- **STREET 2:** SUITE 3000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77019-7124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVALON ADVISORS, LLC
- **DATE OF NAME CHANGE:** 20091106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVALON ADVISORS. LLC
- **DATE OF NAME CHANGE:** 20081105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVALON ADVISORS L P
- **DATE OF NAME CHANGE:** 20030303

### 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:** Avalon Investment  Advisory<br>**Address:** 2929 ALLEN PARKWAY<br>SUITE 3000<br>HOUSTON, TX 77019-7124

**Form 13F File Number:** 028-10434

**CRD Number (if applicable):** 000112556

**SEC File Number (if applicable):** 801-60244

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:** Christina Ibrahim<br>**Title:** CCO COO  GC<br>**Phone:** 713.238.2065

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

Christina Ibrahim  Houston, TX  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:** $3511873

      (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 |
| Abbott Laboratories | COM | 002824100 |  | 2627 | 23931 | SH |  | SOLE |  | 0 | 0 | 23931 |
| AbbVie Inc | COM | 00287Y109 |  | 41080 | 254190 | SH |  | SOLE |  | 0 | 0 | 254190 |
| Accenture PLC Ireland | COM | G1151C101 |  | 46786 | 175333 | SH |  | SOLE |  | 0 | 0 | 175333 |
| Accolade Inc | COM | 00437E102 |  | 236 | 30319 | SH |  | SOLE |  | 0 | 0 | 30319 |
| Adaptive Biotechnologies Corp | COM | 00650F109 |  | 570 | 74655 | SH |  | SOLE |  | 0 | 0 | 74655 |
| Addus Homecare Corp | COM | 006739106 |  | 3648 | 36663 | SH |  | SOLE |  | 0 | 0 | 36663 |
| Adobe Inc | COM | 00724F101 |  | 1088 | 3232 | SH |  | SOLE |  | 0 | 0 | 3232 |
| Advanced Micro Devices Inc | COM | 007903107 |  | 9907 | 152962 | SH |  | SOLE |  | 0 | 0 | 152962 |
| Air Prods  Chems Inc | COM | 009158106 |  | 14863 | 48215 | SH |  | SOLE |  | 0 | 0 | 48215 |
| Albemarle Corp | COM | 012653101 |  | 10603 | 48894 | SH |  | SOLE |  | 0 | 0 | 48894 |
| Albertsons Cos Inc Common Stoc | COM | 013091103 |  | 12809 | 617616 | SH |  | SOLE |  | 0 | 0 | 617616 |
| Alexandria Real Estate Equity | COM | 015271109 |  | 17186 | 117978 | SH |  | SOLE |  | 0 | 0 | 117978 |
| Alphabet Inc | COM | 02079K107 |  | 2172 | 24482 | SH |  | SOLE |  | 0 | 0 | 24482 |
| Alphabet Inc | COM | 02079K305 |  | 71271 | 807786 | SH |  | SOLE |  | 0 | 0 | 807786 |
| Amazon.com Inc | COM | 023135106 |  | 15065 | 179346 | SH |  | SOLE |  | 0 | 0 | 179346 |
| Ambev SA | COM | 02319V103 |  | 4817 | 1770958 | SH |  | SOLE |  | 0 | 0 | 1770958 |
| American Express Co | COM | 025816109 |  | 12954 | 87676 | SH |  | SOLE |  | 0 | 0 | 87676 |
| American Intl Group Inc | COM | 026874784 |  | 20520 | 324471 | SH |  | SOLE |  | 0 | 0 | 324471 |
| American Tower Corp | COM | 03027X100 |  | 992 | 4682 | SH |  | SOLE |  | 0 | 0 | 4682 |
| American Water Works Co Inc | COM | 030420103 |  | 856 | 5619 | SH |  | SOLE |  | 0 | 0 | 5619 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 1345 | 4319 | SH |  | SOLE |  | 0 | 0 | 4319 |
| Ametek Inc | COM | 031100100 |  | 1512 | 10820 | SH |  | SOLE |  | 0 | 0 | 10820 |
| Amgen Inc | COM | 031162100 |  | 25010 | 95226 | SH |  | SOLE |  | 0 | 0 | 95226 |
| Antero Resources Corp | COM | 03674X106 |  | 389 | 12558 | SH |  | SOLE |  | 0 | 0 | 12558 |
| Apple Inc | COM | 037833100 |  | 78935 | 607522 | SH |  | SOLE |  | 0 | 0 | 607522 |
| Applied Materials Inc | COM | 038222105 |  | 728 | 7477 | SH |  | SOLE |  | 0 | 0 | 7477 |
| Arista Networks Inc | COM | 040413106 |  | 10469 | 86275 | SH |  | SOLE |  | 0 | 0 | 86275 |
| ASML Holding NV | COM | N07059210 |  | 10191 | 18652 | SH |  | SOLE |  | 0 | 0 | 18652 |
| AstraZeneca PLC | COM | 046353108 |  | 433 | 6393 | SH |  | SOLE |  | 0 | 0 | 6393 |
| AT Inc | COM | 00206R102 |  | 205 | 11154 | SH |  | SOLE |  | 0 | 0 | 11154 |
| Automatic Data Processing Inc | COM | 053015103 |  | 1193 | 4996 | SH |  | SOLE |  | 0 | 0 | 4996 |
| Avery Dennison Corp | COM | 053611109 |  | 1091 | 6028 | SH |  | SOLE |  | 0 | 0 | 6028 |
| Bank America Corp | COM | 060505104 |  | 38275 | 1155637 | SH |  | SOLE |  | 0 | 0 | 1155637 |
| Bank Montreal Que | COM | 063671101 |  | 442 | 4877 | SH |  | SOLE |  | 0 | 0 | 4877 |
| Bank N S Halifax | COM | 064149107 |  | 4031 | 82297 | SH |  | SOLE |  | 0 | 0 | 82297 |
| Barclays PLC | COM | 06738E204 |  | 85 | 10884 | SH |  | SOLE |  | 0 | 0 | 10884 |
| Becton Dickinson  Co | COM | 075887109 |  | 1210 | 4756 | SH |  | SOLE |  | 0 | 0 | 4756 |
| Berkshire Hathaway Inc | COM | 084670702 |  | 53700 | 173844 | SH |  | SOLE |  | 0 | 0 | 173844 |
| Berkshire Hathaway Inc | COM | 084670108 |  | 24842 | 53 | SH |  | SOLE |  | 0 | 0 | 53 |
| BHP Billiton Ltd | COM | 088606108 |  | 16580 | 267200 | SH |  | SOLE |  | 0 | 0 | 267200 |
| Bio Techne Corp | COM | 09073M104 |  | 937 | 11310 | SH |  | SOLE |  | 0 | 0 | 11310 |
| BJs Whsl Club | COM | 05550J101 |  | 7033 | 106310 | SH |  | SOLE |  | 0 | 0 | 106310 |
| Black Stone Minerals LP | COM | 09225M101 |  | 815 | 48293 | SH |  | SOLE |  | 0 | 0 | 48293 |
| BlackRock Inc | COM | 09247X101 |  | 19142 | 27012 | SH |  | SOLE |  | 0 | 0 | 27012 |
| Boeing Co | COM | 097023105 |  | 359 | 1884 | SH |  | SOLE |  | 0 | 0 | 1884 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 31357 | 435821 | SH |  | SOLE |  | 0 | 0 | 435821 |
| Brixmor Property Group Inc | COM | 11120U105 |  | 478 | 21105 | SH |  | SOLE |  | 0 | 0 | 21105 |
| Broadcom Inc | COM | 11135F101 |  | 29538 | 52829 | SH |  | SOLE |  | 0 | 0 | 52829 |
| Brookfield Asset Managmt Ltd C | COM | 113004105 |  | 7005 | 244315 | SH |  | SOLE |  | 0 | 0 | 244315 |
| Brookfield Corp Cl A | COM | 11271J107 |  | 30706 | 976045 | SH |  | SOLE |  | 0 | 0 | 976045 |
| Brookfield Infrastructure Corp | COM | 11275Q107 |  | 2491 | 64042 | SH |  | SOLE |  | 0 | 0 | 64042 |
| Burford Cap Ltd | COM | G17977110 |  | 3495 | 428847 | SH |  | SOLE |  | 0 | 0 | 428847 |
| C H Robinson Worldwide Inc | COM | 12541W209 |  | 41440 | 452599 | SH |  | SOLE |  | 0 | 0 | 452599 |
| Cable One Inc | COM | 12685J105 |  | 633 | 889 | SH |  | SOLE |  | 0 | 0 | 889 |
| Cadence Bank Com | COM | 12740C103 |  | 527 | 21360 | SH |  | SOLE |  | 0 | 0 | 21360 |
| Cal Maine Foods Inc | COM | 128030202 |  | 45311 | 832158 | SH |  | SOLE |  | 0 | 0 | 832158 |
| Camden Property Trust | COM | 133131102 |  | 15282 | 136596 | SH |  | SOLE |  | 0 | 0 | 136596 |
| Cardinal Health Inc | COM | 14149Y108 |  | 11342 | 147542 | SH |  | SOLE |  | 0 | 0 | 147542 |
| Carlisle Cos Inc | COM | 142339100 |  | 4577 | 19422 | SH |  | SOLE |  | 0 | 0 | 19422 |
| Catalent Inc | COM | 148806102 |  | 370 | 8224 | SH |  | SOLE |  | 0 | 0 | 8224 |
| Caterpillar Inc | COM | 149123101 |  | 652 | 2722 | SH |  | SOLE |  | 0 | 0 | 2722 |
| Cavco Industries Inc | COM | 149568107 |  | 4130 | 18256 | SH |  | SOLE |  | 0 | 0 | 18256 |
| Celsius Holdings Inc | COM | 15118V207 |  | 3846 | 36967 | SH |  | SOLE |  | 0 | 0 | 36967 |
| Centene Corp | COM | 15135B101 |  | 1456 | 17756 | SH |  | SOLE |  | 0 | 0 | 17756 |
| Chart Industries Inc | COM | 16115Q308 |  | 448 | 3888 | SH |  | SOLE |  | 0 | 0 | 3888 |
| Chevron Corp | COM | 166764100 |  | 91775 | 511309 | SH |  | SOLE |  | 0 | 0 | 511309 |
| Chubb Limited | COM | H1467J104 |  | 16788 | 76102 | SH |  | SOLE |  | 0 | 0 | 76102 |
| Cigna Corporation | COM | 125523100 |  | 19001 | 57347 | SH |  | SOLE |  | 0 | 0 | 57347 |
| Cisco Systems Inc | COM | 17275R102 |  | 11776 | 247195 | SH |  | SOLE |  | 0 | 0 | 247195 |
| Coca-Cola Co | COM | 191216100 |  | 24525 | 385545 | SH |  | SOLE |  | 0 | 0 | 385545 |
| Coca-Cola Consolidated Inc | COM | 191098102 |  | 259 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| Comcast Corp | COM | 20030N101 |  | 619 | 17700 | SH |  | SOLE |  | 0 | 0 | 17700 |
| Comerica Inc | COM | 200340107 |  | 854 | 12769 | SH |  | SOLE |  | 0 | 0 | 12769 |
| Communication Services Sel Sec | COM | 81369Y852 |  | 203 | 4223 | SH |  | SOLE |  | 0 | 0 | 4223 |
| ConocoPhillips | COM | 20825C104 |  | 22379 | 189654 | SH |  | SOLE |  | 0 | 0 | 189654 |
| Constellation Brands Inc | COM | 21036P108 |  | 15435 | 66604 | SH |  | SOLE |  | 0 | 0 | 66604 |
| Consumer Discr Select Sector S | COM | 81369Y407 |  | 439 | 3396 | SH |  | SOLE |  | 0 | 0 | 3396 |
| Corecard Corporation | COM | 45816D100 |  | 1873 | 64662 | SH |  | SOLE |  | 0 | 0 | 64662 |
| Costco Wholesale Corp | COM | 22160K105 |  | 1392 | 3048 | SH |  | SOLE |  | 0 | 0 | 3048 |
| Coterra Energy Inc | COM | 127097103 |  | 16455 | 669722 | SH |  | SOLE |  | 0 | 0 | 669722 |
| Crown Castle Inc | COM | 22822V101 |  | 17512 | 129108 | SH |  | SOLE |  | 0 | 0 | 129108 |
| Cummins Inc | COM | 231021106 |  | 94775 | 391163 | SH |  | SOLE |  | 0 | 0 | 391163 |
| CVS Health Corp | COM | 126650100 |  | 19500 | 209255 | SH |  | SOLE |  | 0 | 0 | 209255 |
| Danaher Corp | COM | 235851102 |  | 20104 | 75743 | SH |  | SOLE |  | 0 | 0 | 75743 |
| Darling Ingredients Inc | COM | 237266101 |  | 1195 | 19093 | SH |  | SOLE |  | 0 | 0 | 19093 |
| Diageo PLC | COM | 25243Q205 |  | 481 | 2700 | SH |  | SOLE |  | 0 | 0 | 2700 |
| Diamond Hill Inv Group Inc New | COM | 25264R207 |  | 3566 | 19276 | SH |  | SOLE |  | 0 | 0 | 19276 |
| Digital Realty Trust Inc | COM | 253868103 |  | 786 | 7842 | SH |  | SOLE |  | 0 | 0 | 7842 |
| Discover Financial Services | COM | 254709108 |  | 43789 | 447601 | SH |  | SOLE |  | 0 | 0 | 447601 |
| Disney Walt Co | COM | 254687106 |  | 732 | 8424 | SH |  | SOLE |  | 0 | 0 | 8424 |
| Dollar General Corp | COM | 256677105 |  | 750 | 3044 | SH |  | SOLE |  | 0 | 0 | 3044 |
| Dover Corp | COM | 260003108 |  | 13512 | 99788 | SH |  | SOLE |  | 0 | 0 | 99788 |
| Driven Brands Holdings Inc | COM | 26210V102 |  | 3013 | 110315 | SH |  | SOLE |  | 0 | 0 | 110315 |
| Duke Energy Corp | COM | 26441C204 |  | 21993 | 213543 | SH |  | SOLE |  | 0 | 0 | 213543 |
| Emerson Electric Co | COM | 291011104 |  | 49555 | 515879 | SH |  | SOLE |  | 0 | 0 | 515879 |
| Enbridge Inc | COM | 29250N105 |  | 693 | 17712 | SH |  | SOLE |  | 0 | 0 | 17712 |
| Energy Select Sector SPDR ETF | COM | 81369Y506 |  | 2262 | 25866 | SH |  | SOLE |  | 0 | 0 | 25866 |
| Energy Transfer LP | COM | 29273V100 |  | 897 | 75562 | SH |  | SOLE |  | 0 | 0 | 75562 |
| Enlink Midstream LLC | COM | 29336T100 |  | 181 | 14730 | SH |  | SOLE |  | 0 | 0 | 14730 |
| Enterprise Products Partners L | COM | 293792107 |  | 5864 | 243136 | SH |  | SOLE |  | 0 | 0 | 243136 |
| EOG Resources Inc | COM | 26875P101 |  | 400 | 3092 | SH |  | SOLE |  | 0 | 0 | 3092 |
| EQT Corp | COM | 26884L109 |  | 1142 | 33750 | SH |  | SOLE |  | 0 | 0 | 33750 |
| Equity Commonwealth | COM | 294628102 |  | 617 | 24719 | SH |  | SOLE |  | 0 | 0 | 24719 |
| Equity Residential | COM | 29476L107 |  | 688 | 11653 | SH |  | SOLE |  | 0 | 0 | 11653 |
| Ericsson | COM | 294821608 |  | 59 | 10019 | SH |  | SOLE |  | 0 | 0 | 10019 |
| Exxon Mobil Corp | COM | 30231G102 |  | 8789 | 79685 | SH |  | SOLE |  | 0 | 0 | 79685 |
| Fidelity Covington Tr Consumer | COM | 316092303 |  | 278 | 6210 | SH |  | SOLE |  | 0 | 0 | 6210 |
| Figs Inc Cl A | COM | 30260D103 |  | 2220 | 329838 | SH |  | SOLE |  | 0 | 0 | 329838 |
| First Financial Bankshares | COM | 32020R109 |  | 860 | 25002 | SH |  | SOLE |  | 0 | 0 | 25002 |
| Firstcash Holdings Inc | COM | 33768G107 |  | 4673 | 53764 | SH |  | SOLE |  | 0 | 0 | 53764 |
| Firstservice Corp | COM | 33767E202 |  | 3121 | 25469 | SH |  | SOLE |  | 0 | 0 | 25469 |
| Fiserv Inc | COM | 337738108 |  | 21796 | 215654 | SH |  | SOLE |  | 0 | 0 | 215654 |
| Fleetcor Technologies Inc | COM | 339041105 |  | 3535 | 19247 | SH |  | SOLE |  | 0 | 0 | 19247 |
| Focus Financial Partners Inc C | COM | 34417P100 |  | 4059 | 108908 | SH |  | SOLE |  | 0 | 0 | 108908 |
| Ford Motor Co | COM | 345370860 |  | 22249 | 1913045 | SH |  | SOLE |  | 0 | 0 | 1913045 |
| Franco Nevada Corp | COM | 351858105 |  | 944 | 6917 | SH |  | SOLE |  | 0 | 0 | 6917 |
| General Electric Co New | COM | 369604301 |  | 255 | 3047 | SH |  | SOLE |  | 0 | 0 | 3047 |
| General Motors Co | COM | 37045V100 |  | 798 | 23729 | SH |  | SOLE |  | 0 | 0 | 23729 |
| Genuine Parts Co | COM | 372460105 |  | 22079 | 127251 | SH |  | SOLE |  | 0 | 0 | 127251 |
| Gilead Sciences Inc | COM | 375558103 |  | 33569 | 391021 | SH |  | SOLE |  | 0 | 0 | 391021 |
| Globus Med Inc | COM | 379577208 |  | 235 | 3159 | SH |  | SOLE |  | 0 | 0 | 3159 |
| Gold Shares SPDR ETF | COM | 78463V107 |  | 13757 | 81097 | SH |  | SOLE |  | 0 | 0 | 81097 |
| Goldman Sachs Group Inc | COM | 38141G104 |  | 218 | 634 | SH |  | SOLE |  | 0 | 0 | 634 |
| Graham Holdings Co | COM | 384637104 |  | 496 | 821 | SH |  | SOLE |  | 0 | 0 | 821 |
| Granite Ridge Resources Inc | COM | 387432107 |  | 141 | 15572 | SH |  | SOLE |  | 0 | 0 | 15572 |
| Grupo Aeroportuario Del Surest | COM | 40051E202 |  | 4553 | 19541 | SH |  | SOLE |  | 0 | 0 | 19541 |
| Guardant Health Inc | COM | 40131M109 |  | 466 | 17139 | SH |  | SOLE |  | 0 | 0 | 17139 |
| Halliburton Co | COM | 406216101 |  | 578 | 14696 | SH |  | SOLE |  | 0 | 0 | 14696 |
| Halozyme Therapeutics Inc | COM | 40637H109 |  | 269 | 4725 | SH |  | SOLE |  | 0 | 0 | 4725 |
| Health Care Select Sector SPDR | COM | 81369Y209 |  | 978 | 7198 | SH |  | SOLE |  | 0 | 0 | 7198 |
| Healthcare Services Group Inc | COM | 421906108 |  | 1976 | 164663 | SH |  | SOLE |  | 0 | 0 | 164663 |
| Helmerich  Payne Inc | COM | 423452101 |  | 245 | 4935 | SH |  | SOLE |  | 0 | 0 | 4935 |
| HF Sinclair Corporation Com | COM | 403949100 |  | 984 | 18961 | SH |  | SOLE |  | 0 | 0 | 18961 |
| Home Bancshares Inc | COM | 436893200 |  | 3364 | 147624 | SH |  | SOLE |  | 0 | 0 | 147624 |
| Home Depot Inc | COM | 437076102 |  | 49571 | 156939 | SH |  | SOLE |  | 0 | 0 | 156939 |
| Honeywell Intl Inc | COM | 438516106 |  | 35495 | 165634 | SH |  | SOLE |  | 0 | 0 | 165634 |
| Icon PLC | COM | G4705A100 |  | 11133 | 57315 | SH |  | SOLE |  | 0 | 0 | 57315 |
| IHS Inc | COM | G4701H109 |  | 3275 | 532489 | SH |  | SOLE |  | 0 | 0 | 532489 |
| Independent Bank Group Inc | COM | 45384B106 |  | 407 | 6772 | SH |  | SOLE |  | 0 | 0 | 6772 |
| Inmode Ltd | COM | M5425M103 |  | 6167 | 172755 | SH |  | SOLE |  | 0 | 0 | 172755 |
| Intercontinental Exchange Inc | COM | 45866F104 |  | 1090 | 10621 | SH |  | SOLE |  | 0 | 0 | 10621 |
| International Mny Express Inc | COM | 46005L101 |  | 3569 | 146435 | SH |  | SOLE |  | 0 | 0 | 146435 |
| Intl Business Machines | COM | 459200101 |  | 31957 | 226822 | SH |  | SOLE |  | 0 | 0 | 226822 |
| Intuit | COM | 461202103 |  | 1277 | 3280 | SH |  | SOLE |  | 0 | 0 | 3280 |
| Intuitive Surgical Inc | COM | 46120E602 |  | 698 | 2630 | SH |  | SOLE |  | 0 | 0 | 2630 |
| Invesco QQQ Trust | COM | 46090E103 |  | 597 | 2243 | SH |  | SOLE |  | 0 | 0 | 2243 |
| Iron Mountain Inc PA | COM | 46284V101 |  | 17874 | 358557 | SH |  | SOLE |  | 0 | 0 | 358557 |
| Ishares Gold Tr iShares New | COM | 464285204 |  | 978 | 28286 | SH |  | SOLE |  | 0 | 0 | 28286 |
| iShares Inc Core MSCI Emkt ETF | COM | 46434G103 |  | 707 | 15143 | SH |  | SOLE |  | 0 | 0 | 15143 |
| iShares Sh Tr Crport ETF | COM | 464288646 |  | 839 | 16836 | SH |  | SOLE |  | 0 | 0 | 16836 |
| iShares TR Core Div Grwth ETF | COM | 46434V621 |  | 256 | 5120 | SH |  | SOLE |  | 0 | 0 | 5120 |
| iShares TR Core High Dv ETF | COM | 46429B663 |  | 613 | 5880 | SH |  | SOLE |  | 0 | 0 | 5880 |
| iShares TR Core MSCI EAFE ETF | COM | 46432F842 |  | 826 | 13397 | SH |  | SOLE |  | 0 | 0 | 13397 |
| iShares TR Core S Mcp ETF | COM | 464287507 |  | 302 | 1248 | SH |  | SOLE |  | 0 | 0 | 1248 |
| iShares TR Core S Scp ETF | COM | 464287804 |  | 227 | 2401 | SH |  | SOLE |  | 0 | 0 | 2401 |
| iShares TR Core S Ttl Stk ET | COM | 464287150 |  | 2528 | 29809 | SH |  | SOLE |  | 0 | 0 | 29809 |
| iShares TR Core US Aggbd ETF | COM | 464287226 |  | 2428 | 25035 | SH |  | SOLE |  | 0 | 0 | 25035 |
| iShares TR Iboxx Hi Yd ETF | COM | 464288513 |  | 9521 | 129304 | SH |  | SOLE |  | 0 | 0 | 129304 |
| iShares TR Iboxx Inv Cp ETF | COM | 464287242 |  | 1443 | 13687 | SH |  | SOLE |  | 0 | 0 | 13687 |
| iShares TR MBS ETF | COM | 464288588 |  | 19116 | 206103 | SH |  | SOLE |  | 0 | 0 | 206103 |
| iShares TR MSCI Acwi Ex UD ETF | COM | 464288240 |  | 807 | 17734 | SH |  | SOLE |  | 0 | 0 | 17734 |
| iShares TR National Mun ETF | COM | 464288414 |  | 1471 | 13941 | SH |  | SOLE |  | 0 | 0 | 13941 |
| iShares TR Rus 1000 ETF | COM | 464287622 |  | 388 | 1843 | SH |  | SOLE |  | 0 | 0 | 1843 |
| iShares TR S 500 Grwt ETF | COM | 464287309 |  | 3932 | 67220 | SH |  | SOLE |  | 0 | 0 | 67220 |
| iShares TR S Us Pfd Stk ETF | COM | 464288687 |  | 9706 | 317918 | SH |  | SOLE |  | 0 | 0 | 317918 |
| iShares TR US Hlthcare ETF | COM | 464287762 |  | 202 | 711 | SH |  | SOLE |  | 0 | 0 | 711 |
| iShares US Treas Bond ETF | COM | 46429B267 |  | 408 | 17965 | SH |  | SOLE |  | 0 | 0 | 17965 |
| Janus Detroit Str Tr Henderson | COM | 47103U852 |  | 24926 | 548295 | SH |  | SOLE |  | 0 | 0 | 548295 |
| Janus Henderson AAA CLO ETF | COM | 47103U845 |  | 4906 | 99597 | SH |  | SOLE |  | 0 | 0 | 99597 |
| Johnson  Johnson | COM | 478160104 |  | 18462 | 104510 | SH |  | SOLE |  | 0 | 0 | 104510 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 52115 | 388624 | SH |  | SOLE |  | 0 | 0 | 388624 |
| Kimberly Clark Corp | COM | 494368103 |  | 17494 | 128866 | SH |  | SOLE |  | 0 | 0 | 128866 |
| Kinder Morgan Inc | COM | 49456B101 |  | 1311 | 72531 | SH |  | SOLE |  | 0 | 0 | 72531 |
| Kraft Heinz Co | COM | 500754106 |  | 15919 | 391022 | SH |  | SOLE |  | 0 | 0 | 391022 |
| Lam Research Corp | COM | 512807108 |  | 96819 | 230357 | SH |  | SOLE |  | 0 | 0 | 230357 |
| Landstar Systems Inc | COM | 515098101 |  | 5446 | 33431 | SH |  | SOLE |  | 0 | 0 | 33431 |
| Lauder Estee Cos Inc | COM | 518439104 |  | 3480 | 14024 | SH |  | SOLE |  | 0 | 0 | 14024 |
| Liberty Broadband Corp | COM | 530307305 |  | 234 | 3062 | SH |  | SOLE |  | 0 | 0 | 3062 |
| Lilly Eli  Co | COM | 532457108 |  | 23302 | 63694 | SH |  | SOLE |  | 0 | 0 | 63694 |
| Linde PLC | COM | G5494J103 |  | 17567 | 53858 | SH |  | SOLE |  | 0 | 0 | 53858 |
| LKQ Corp | COM | 501889208 |  | 6058 | 113432 | SH |  | SOLE |  | 0 | 0 | 113432 |
| Lockheed Martin Corp | COM | 539830109 |  | 58368 | 119978 | SH |  | SOLE |  | 0 | 0 | 119978 |
| Loews Corp | COM | 540424108 |  | 241 | 4125 | SH |  | SOLE |  | 0 | 0 | 4125 |
| LPL Financial Holdings Inc | COM | 50212V100 |  | 19445 | 89954 | SH |  | SOLE |  | 0 | 0 | 89954 |
| Magellan Midstream Partners LP | COM | 559080106 |  | 1744 | 34738 | SH |  | SOLE |  | 0 | 0 | 34738 |
| Magnite Inc | COM | 55955D100 |  | 2636 | 248894 | SH |  | SOLE |  | 0 | 0 | 248894 |
| Magnolia Oil  Gas Corp Cl A | COM | 559663109 |  | 3239 | 138144 | SH |  | SOLE |  | 0 | 0 | 138144 |
| Main Street Capital Corp | COM | 56035L104 |  | 246 | 6659 | SH |  | SOLE |  | 0 | 0 | 6659 |
| Marathon Oil Corp | COM | 565849106 |  | 686 | 25332 | SH |  | SOLE |  | 0 | 0 | 25332 |
| Marriott Intl Inc | COM | 571903202 |  | 723 | 4858 | SH |  | SOLE |  | 0 | 0 | 4858 |
| Martin Marietta Materials Inc | COM | 573284106 |  | 14912 | 44122 | SH |  | SOLE |  | 0 | 0 | 44122 |
| Marvell Technology Inc | COM | 573874104 |  | 389 | 10489 | SH |  | SOLE |  | 0 | 0 | 10489 |
| MasterCard Incorporated | COM | 57636Q104 |  | 627 | 1804 | SH |  | SOLE |  | 0 | 0 | 1804 |
| McDonalds Corp | COM | 580135101 |  | 1645 | 6241 | SH |  | SOLE |  | 0 | 0 | 6241 |
| Medtronic PLC | COM | G5960L103 |  | 2118 | 27256 | SH |  | SOLE |  | 0 | 0 | 27256 |
| Merck  Co Inc | COM | 58933Y105 |  | 83922 | 756392 | SH |  | SOLE |  | 0 | 0 | 756392 |
| Meta Platforms Inc | COM | 30303M102 |  | 1434 | 11915 | SH |  | SOLE |  | 0 | 0 | 11915 |
| MetLife Inc | COM | 59156R108 |  | 21606 | 298551 | SH |  | SOLE |  | 0 | 0 | 298551 |
| Microchip Technology Inc | COM | 595017104 |  | 429 | 6112 | SH |  | SOLE |  | 0 | 0 | 6112 |
| Micron Technology Inc | COM | 595112103 |  | 393 | 7870 | SH |  | SOLE |  | 0 | 0 | 7870 |
| Microsoft Corp | COM | 594918104 |  | 65742 | 274131 | SH |  | SOLE |  | 0 | 0 | 274131 |
| Mobile Telesystems Public Join | COM | 607409109 |  | 59 | 10723 | SH |  | SOLE |  | 0 | 0 | 10723 |
| Morgan Stanley | COM | 617446448 |  | 66711 | 784654 | SH |  | SOLE |  | 0 | 0 | 784654 |
| MPLX LP | COM | 55336V100 |  | 1210 | 36854 | SH |  | SOLE |  | 0 | 0 | 36854 |
| Natural Resource Partners LP | COM | 63900P608 |  | 272 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| Nextera Energy Inc | COM | 65339F101 |  | 1084 | 12966 | SH |  | SOLE |  | 0 | 0 | 12966 |
| Nextera Energy Partners LP In | COM | 65341B106 |  | 16614 | 237043 | SH |  | SOLE |  | 0 | 0 | 237043 |
| Nike Inc | COM | 654106103 |  | 2574 | 21996 | SH |  | SOLE |  | 0 | 0 | 21996 |
| Norfolk Southern Corp | COM | 655844108 |  | 1541 | 6255 | SH |  | SOLE |  | 0 | 0 | 6255 |
| Northrop Grumman Corp | COM | 666807102 |  | 261 | 479 | SH |  | SOLE |  | 0 | 0 | 479 |
| Novartis AG | COM | 66987V109 |  | 3950 | 43544 | SH |  | SOLE |  | 0 | 0 | 43544 |
| Novo-Nordisk AS | COM | 670100205 |  | 14429 | 106610 | SH |  | SOLE |  | 0 | 0 | 106610 |
| NVIDIA Corp | COM | 67066G104 |  | 14167 | 96940 | SH |  | SOLE |  | 0 | 0 | 96940 |
| O'Reilly Automotive Inc | COM | 67103H107 |  | 849 | 1006 | SH |  | SOLE |  | 0 | 0 | 1006 |
| Oasis Petroleum Inc New | COM | 674215207 |  | 9509 | 69506 | SH |  | SOLE |  | 0 | 0 | 69506 |
| Oracle Corp | COM | 68389X105 |  | 23876 | 292100 | SH |  | SOLE |  | 0 | 0 | 292100 |
| Paychex Inc | COM | 704326107 |  | 11865 | 102676 | SH |  | SOLE |  | 0 | 0 | 102676 |
| PepsiCo Inc | COM | 713448108 |  | 63836 | 353348 | SH |  | SOLE |  | 0 | 0 | 353348 |
| Perimeter Solutions SA Common | COM | L7579L106 |  | 4887 | 534682 | SH |  | SOLE |  | 0 | 0 | 534682 |
| Perrigo Co PLC | COM | G97822103 |  | 3653 | 107158 | SH |  | SOLE |  | 0 | 0 | 107158 |
| Pfizer Inc | COM | 717081103 |  | 21199 | 413717 | SH |  | SOLE |  | 0 | 0 | 413717 |
| Philip Morris Intl Inc | COM | 718172109 |  | 18331 | 181121 | SH |  | SOLE |  | 0 | 0 | 181121 |
| Phillips 66 | COM | 718546104 |  | 52396 | 503416 | SH |  | SOLE |  | 0 | 0 | 503416 |
| Pinterest Inc Cl A | COM | 72352L106 |  | 475 | 19556 | SH |  | SOLE |  | 0 | 0 | 19556 |
| Plains All American Pipeline L | COM | 726503105 |  | 320 | 27212 | SH |  | SOLE |  | 0 | 0 | 27212 |
| Plains Group Hlgs LP | COM | 72651A207 |  | 1861 | 149600 | SH |  | SOLE |  | 0 | 0 | 149600 |
| Preferred Bank Los Angeles CA | COM | 740367404 |  | 2604 | 34895 | SH |  | SOLE |  | 0 | 0 | 34895 |
| Price T Rowe Group Inc | COM | 74144T108 |  | 41696 | 382321 | SH |  | SOLE |  | 0 | 0 | 382321 |
| Procter And Gamble Co | COM | 742718109 |  | 50346 | 332182 | SH |  | SOLE |  | 0 | 0 | 332182 |
| Progress Software Corp | COM | 743312100 |  | 5463 | 108287 | SH |  | SOLE |  | 0 | 0 | 108287 |
| ProLogis Inc | COM | 74340W103 |  | 469 | 4157 | SH |  | SOLE |  | 0 | 0 | 4157 |
| Prosperity Bancshares Inc | COM | 743606105 |  | 5364 | 73807 | SH |  | SOLE |  | 0 | 0 | 73807 |
| Qualcomm Inc | COM | 747525103 |  | 13598 | 123687 | SH |  | SOLE |  | 0 | 0 | 123687 |
| Rayonier Inc | COM | 754907103 |  | 16054 | 487062 | SH |  | SOLE |  | 0 | 0 | 487062 |
| Real Estate Select Sector SPDR | COM | 81369Y860 |  | 272 | 7376 | SH |  | SOLE |  | 0 | 0 | 7376 |
| Rimini Str Inc Com | COM | 76674Q107 |  | 4496 | 1180022 | SH |  | SOLE |  | 0 | 0 | 1180022 |
| Rockwell Automation Inc | COM | 773903109 |  | 357 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| Royal Bank of Canada Montreal | COM | 780087102 |  | 254 | 2703 | SH |  | SOLE |  | 0 | 0 | 2703 |
| Russell 2000 Ishares ETF | COM | 464287655 |  | 7468 | 42831 | SH |  | SOLE |  | 0 | 0 | 42831 |
| S 500 INDEX Ishares ETF | COM | 464287200 |  | 20708 | 53896 | SH |  | SOLE |  | 0 | 0 | 53896 |
| S 500 SPDR ETF | COM | 78462F103 |  | 58006 | 151678 | SH |  | SOLE |  | 0 | 0 | 151678 |
| S Midcap 400 SPDR ETF | COM | 78467Y107 |  | 3065 | 6923 | SH |  | SOLE |  | 0 | 0 | 6923 |
| Salesforce Inc | COM | 79466L302 |  | 1177 | 8878 | SH |  | SOLE |  | 0 | 0 | 8878 |
| Schlumberger Ltd | COM | 806857108 |  | 17720 | 331459 | SH |  | SOLE |  | 0 | 0 | 331459 |
| Schwab Charles Corp | COM | 808513105 |  | 29679 | 356462 | SH |  | SOLE |  | 0 | 0 | 356462 |
| Schwab US Dividend Equity ETF | COM | 808524797 |  | 855 | 11315 | SH |  | SOLE |  | 0 | 0 | 11315 |
| Semler Scientific Inc | COM | 81684M104 |  | 4250 | 128776 | SH |  | SOLE |  | 0 | 0 | 128776 |
| Sempra | COM | 816851109 |  | 20543 | 132929 | SH |  | SOLE |  | 0 | 0 | 132929 |
| ServiceNow Inc | COM | 81762P102 |  | 1302 | 3353 | SH |  | SOLE |  | 0 | 0 | 3353 |
| Shell PLC Spon ADS | COM | 780259305 |  | 7742 | 135939 | SH |  | SOLE |  | 0 | 0 | 135939 |
| Siteone Landscape Supply Inc | COM | 82982L103 |  | 2692 | 22948 | SH |  | SOLE |  | 0 | 0 | 22948 |
| Sitio Royalties Corp Class A C | COM | 82983N108 |  | 4204 | 145710 | SH |  | SOLE |  | 0 | 0 | 145710 |
| Skyline Champion Corporation C | COM | 830830105 |  | 3939 | 76466 | SH |  | SOLE |  | 0 | 0 | 76466 |
| Sociedad Quimica Minera de Chi | COM | 833635105 |  | 211 | 2645 | SH |  | SOLE |  | 0 | 0 | 2645 |
| Sony Corp | COM | 835699307 |  | 299 | 3922 | SH |  | SOLE |  | 0 | 0 | 3922 |
| SPDR Dow Jones Industrial Avrg | COM | 78467X109 |  | 882 | 2661 | SH |  | SOLE |  | 0 | 0 | 2661 |
| SPDR Series Trust S Biotech | COM | 78464A870 |  | 1823 | 21964 | SH |  | SOLE |  | 0 | 0 | 21964 |
| SPDR Series Trust S Divid ET | COM | 78464A763 |  | 5397 | 43141 | SH |  | SOLE |  | 0 | 0 | 43141 |
| Spirit Aerosystems Holdings In | COM | 848574109 |  | 404 | 13656 | SH |  | SOLE |  | 0 | 0 | 13656 |
| Sprout Social Inc Cl A | COM | 85209W109 |  | 414 | 7328 | SH |  | SOLE |  | 0 | 0 | 7328 |
| St Joe Co | COM | 790148100 |  | 307 | 7954 | SH |  | SOLE |  | 0 | 0 | 7954 |
| Starbucks Corp | COM | 855244109 |  | 564 | 5686 | SH |  | SOLE |  | 0 | 0 | 5686 |
| Sunnova Energy Intl Inc | COM | 86745K104 |  | 40871 | 2269347 | SH |  | SOLE |  | 0 | 0 | 2269347 |
| T Mobile US Inc | COM | 872590104 |  | 28565 | 204034 | SH |  | SOLE |  | 0 | 0 | 204034 |
| Taiwan Semiconductor Mfg Ltd | COM | 874039100 |  | 6231 | 83649 | SH |  | SOLE |  | 0 | 0 | 83649 |
| Targa Resources Corp | COM | 87612G101 |  | 506 | 6883 | SH |  | SOLE |  | 0 | 0 | 6883 |
| Target Corp | COM | 87612E106 |  | 31402 | 210697 | SH |  | SOLE |  | 0 | 0 | 210697 |
| Technipfmc PLC | COM | G87110105 |  | 212 | 17368 | SH |  | SOLE |  | 0 | 0 | 17368 |
| Technology Select Sector SPDR | COM | 81369Y803 |  | 1128 | 9064 | SH |  | SOLE |  | 0 | 0 | 9064 |
| Teleflex Inc | COM | 879369106 |  | 561 | 2249 | SH |  | SOLE |  | 0 | 0 | 2249 |
| Teradata Corp | COM | 88076W103 |  | 2567 | 76256 | SH |  | SOLE |  | 0 | 0 | 76256 |
| Tesla Inc | COM | 88160R101 |  | 1070 | 8685 | SH |  | SOLE |  | 0 | 0 | 8685 |
| Texas Instruments Inc | COM | 882508104 |  | 68919 | 417137 | SH |  | SOLE |  | 0 | 0 | 417137 |
| Texas Pacific Land Corporation | COM | 88262P102 |  | 525 | 224 | SH |  | SOLE |  | 0 | 0 | 224 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 16493 | 29950 | SH |  | SOLE |  | 0 | 0 | 29950 |
| Third Coast Bancshares Inc | COM | 88422P109 |  | 653 | 35438 | SH |  | SOLE |  | 0 | 0 | 35438 |
| Totalenergies Se | COM | 89151E109 |  | 517 | 8333 | SH |  | SOLE |  | 0 | 0 | 8333 |
| Trane Technologies Plc | COM | G8994E103 |  | 979 | 5825 | SH |  | SOLE |  | 0 | 0 | 5825 |
| Unilever PLC | COM | 904767704 |  | 6425 | 127608 | SH |  | SOLE |  | 0 | 0 | 127608 |
| Union Pacific Corp | COM | 907818108 |  | 18526 | 89468 | SH |  | SOLE |  | 0 | 0 | 89468 |
| United Parcel Service Inc | COM | 911312106 |  | 39103 | 224939 | SH |  | SOLE |  | 0 | 0 | 224939 |
| United Therapeutics Corp | COM | 91307C102 |  | 216 | 775 | SH |  | SOLE |  | 0 | 0 | 775 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 90215 | 170159 | SH |  | SOLE |  | 0 | 0 | 170159 |
| US Bancorp Del | COM | 902973304 |  | 521 | 11946 | SH |  | SOLE |  | 0 | 0 | 11946 |
| Valero Energy Corp | COM | 91913Y100 |  | 20998 | 165523 | SH |  | SOLE |  | 0 | 0 | 165523 |
| Vanguard Dividend Appreciation | COM | 921908844 |  | 350 | 2305 | SH |  | SOLE |  | 0 | 0 | 2305 |
| Vanguard Financials ETF | COM | 92204A405 |  | 512 | 6190 | SH |  | SOLE |  | 0 | 0 | 6190 |
| Vanguard FTSE Developed Market | COM | 921943858 |  | 218 | 5201 | SH |  | SOLE |  | 0 | 0 | 5201 |
| Vanguard Growth ETF | COM | 922908736 |  | 2241 | 10516 | SH |  | SOLE |  | 0 | 0 | 10516 |
| Vanguard Health Care ETF | COM | 92204A504 |  | 730 | 2944 | SH |  | SOLE |  | 0 | 0 | 2944 |
| Vanguard High Dividend Yield E | COM | 921946406 |  | 875 | 8082 | SH |  | SOLE |  | 0 | 0 | 8082 |
| Vanguard Index Fds Large Cap E | COM | 922908637 |  | 348 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| Vanguard Industrials ETF | COM | 92204A603 |  | 432 | 2366 | SH |  | SOLE |  | 0 | 0 | 2366 |
| Vanguard Mega Cap Growth ETF | COM | 921910816 |  | 638 | 3709 | SH |  | SOLE |  | 0 | 0 | 3709 |
| Vanguard Real Estate ETF | COM | 922908553 |  | 580 | 7028 | SH |  | SOLE |  | 0 | 0 | 7028 |
| Vanguard S 500 ETF | COM | 922908363 |  | 12466 | 35482 | SH |  | SOLE |  | 0 | 0 | 35482 |
| Vanguard Small-Cap ETF | COM | 922908751 |  | 1227 | 6683 | SH |  | SOLE |  | 0 | 0 | 6683 |
| Vanguard Total Stock Market ET | COM | 922908769 |  | 8849 | 46282 | SH |  | SOLE |  | 0 | 0 | 46282 |
| Vanguard Value ETF | COM | 922908744 |  | 245 | 1745 | SH |  | SOLE |  | 0 | 0 | 1745 |
| Verizon Communications Inc | COM | 92343V104 |  | 11643 | 295498 | SH |  | SOLE |  | 0 | 0 | 295498 |
| Visa Inc | COM | 92826C839 |  | 5657 | 27227 | SH |  | SOLE |  | 0 | 0 | 27227 |
| Visteon Corp | COM | 92839U206 |  | 237 | 1810 | SH |  | SOLE |  | 0 | 0 | 1810 |
| Vizio Holding Corp Cl A Com | COM | 92858V101 |  | 2618 | 353312 | SH |  | SOLE |  | 0 | 0 | 353312 |
| Vontier Corporation Com | COM | 928881101 |  | 30723 | 1589404 | SH |  | SOLE |  | 0 | 0 | 1589404 |
| Wal-Mart Stores Inc | COM | 931142103 |  | 294 | 2070 | SH |  | SOLE |  | 0 | 0 | 2070 |
| Walker  Dunlop Inc | COM | 93148P102 |  | 2137 | 27229 | SH |  | SOLE |  | 0 | 0 | 27229 |
| Waste Management Inc | COM | 94106L109 |  | 15411 | 98232 | SH |  | SOLE |  | 0 | 0 | 98232 |
| Webster Financial Corp CT | COM | 947890109 |  | 3785 | 79944 | SH |  | SOLE |  | 0 | 0 | 79944 |
| Wells Fargo Co | COM | 949746101 |  | 53046 | 1284727 | SH |  | SOLE |  | 0 | 0 | 1284727 |
| Western Midstream Partners Lp | COM | 958669103 |  | 336 | 12520 | SH |  | SOLE |  | 0 | 0 | 12520 |
| White Mountains Ins Group Ltd | COM | G9618E107 |  | 1495 | 1057 | SH |  | SOLE |  | 0 | 0 | 1057 |
| Williams Cos Inc | COM | 969457100 |  | 1200 | 36474 | SH |  | SOLE |  | 0 | 0 | 36474 |
| Xpel Inc | COM | 98379L100 |  | 2842 | 47317 | SH |  | SOLE |  | 0 | 0 | 47317 |
| Ziff Davis Inc | COM | 48123V102 |  | 5177 | 65453 | SH |  | SOLE |  | 0 | 0 | 65453 |

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