# EDGAR Filing Document

**Accession Number:** 0000822519
**File Stem:** 0001145549-25-051862
**Filing Date:** 2025-8
**Character Count:** 37395
**Document Hash:** b2d6e326a09422537e1a700b1c4459a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051862.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001145549-25-051862

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CONCORDE FUNDS INC
- **CENTRAL INDEX KEY:** 0000822519

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05339
- **FILM NUMBER:** 251235290

**BUSINESS ADDRESS:**
- **STREET 1:** 8383 PRESTON CENTER PLAZA DR.,
- **STREET 2:** SUITE 360
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225
- **BUSINESS PHONE:** 972-701-5400

**MAIL ADDRESS:**
- **STREET 1:** 8383 PRESTON CENTER PLAZA DR.,
- **STREET 2:** SUITE 360
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CONCORDE VALUE FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Concorde Wealth Management Fund (Series ID: S000054433)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000170957 | Concorde Wealth Management Fund | CONWX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Concorde Wealth Management Fund** | **Concorde Wealth Management Fund** | **Concorde Wealth Management Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 56.9%** | **Shares** | **Value**  |
| **Construction - 1.3%** | **Construction - 1.3%** | |
| Howard Hughes Holdings, Inc. <sup>(a)</sup> | 7500 | $506250 |
| **Finance and Insurance - 6.1%** | **Finance and Insurance - 6.1%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 800 | 388616 |
| Chubb Ltd. | 3000 | 869160 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 4100 | 1188631 |
| Seaport Entertainment Group, Inc. <sup>(a)</sup> | 833 | 15535 |
|  |  | 2461942 |
| **Information - 4.8%** | **Information - 4.8%** |  |
| Microsoft Corp. | 2200 | 1094302 |
| Warner Bros Discovery, Inc. <sup>(a)</sup> | 75550 | 865803 |
|  |  | 1960105 |
| **Manufacturing - 12.3%** | **Manufacturing - 12.3%** |  |
| AbbVie, Inc. | 4700 | 872414 |
| Bunge Global SA | 7550 | 606114 |
| Cisco Systems, Inc. | 4500 | 312210 |
| Eastman Chemical Co. | 4558 | 340300 |
| Hershey Co. | 3690 | 612356 |
| Hubbell, Inc. | 1600 | 653456 |
| Johnson & Johnson | 4900 | 748475 |
| Louisiana-Pacific Corp. | 6100 | 524539 |
| Northrop Grumman Corp. | 650 | 324987 |
|  |  | 4994851 |
| **Mining, Quarrying, and Oil and Gas Extraction - 22.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 22.5%** |  |
| Black Stone Minerals LP | 100336 | 1312395 |
| Diamondback Energy, Inc. | 7500 | 1030500 |
| Expand Energy Corp. | 11400 | 1333116 |
| Exxon Mobil Corp. | 11436 | 1232801 |
| Franco-Nevada Corp. | 3100 | 508152 |
| Martin Marietta Materials, Inc. <sup>(b)</sup> | 1000 | 548960 |
| Occidental Petroleum Corp. | 25000 | 1050250 |
| Texas Pacific Land Corp. | 1985 | 2096934 |
|  |  | 9113108 |
| **Retail Trade - 5.8%** | **Retail Trade - 5.8%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 5000 | 1096950 |
| Lowe's Cos., Inc. | 2200 | 488114 |
| TJX Cos., Inc. | 6200 | 765638 |
|  |  | 2350702 |
| **Transportation and Warehousing - 1.3%** | **Transportation and Warehousing - 1.3%** |  |
| Canadian Pacific Kansas City Ltd. | 6500 | 515255 |
| **Wholesale Trade - 2.8%** | **Wholesale Trade - 2.8%** |  |
| Energy Transfer LP | 62500 | 1133125 |
| **TOTAL COMMON STOCKS** (Cost $13,618,951) | **TOTAL COMMON STOCKS** (Cost $13,618,951) | 23035338 |
| **PRIVATE FUNDS - 8.9%** | **Shares** | **Value** |
| CLI Capital <sup>(c)</sup> | 95455 | 480536 |
| Hayman Hong Kong Opportunities Fund, L.P. <sup>(c)</sup> | 500000 | - |
| LLR Equity Partners, V, L.P. <sup>(c)</sup> | 990000 | 1609251 |
| LLR Equity Partners, VII, L.P. <sup>(c)</sup> | 120000 | 113441 |
| LRVHealth, L.P. <sup>(c)</sup> | 490000 | 488188 |
| Moran Tice 20:20 Fund, L.P. <sup>(c)</sup> | 250000 | 395873 |
| RCP Select Capital Fund, L.P. <sup>(c)</sup> | 500000 | 500000 |
| SPAC Opportunity Partners, LLC – Class A <sup>(c)</sup> | 1000000 | - |
| **TOTAL PRIVATE FUNDS** (Cost $3,904,096) | **TOTAL PRIVATE FUNDS** (Cost $3,904,096) | 3587289 |
| **CLOSED-END FUNDS - 7.5%** | **Shares** | **Value** |
| PIMCO Flexible Credit Income Fund - Class I | 58813 | 418164 |
| Pioneer ILS Interval Fund | 117583 | 1088817 |
| Sprott Physical Gold Trust <sup>(a)</sup> | 60000 | 1521000 |
| **TOTAL CLOSED-END FUNDS** (Cost $2,298,224) | **TOTAL CLOSED-END FUNDS** (Cost $2,298,224) | 3027981 |
| **U.S. TREASURY SECURITIES - 6.1%** | **Par** | **Value** |
|  United States Treasury Note/Bond, 4.38%, 08/15/2026 | 1000000 | 1004336 |
|  United States Treasury Note/Bond, 3.25%, 06/30/2029 | 1500000 | 1472402 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $2,469,740) | **TOTAL U.S. TREASURY SECURITIES** (Cost $2,469,740) | 2476738 |
| **EXCHANGE TRADED FUNDS - 5.0%** | **Shares** | **Value** |
| JPMorgan Nasdaq Equity Premium Income ETF | 7200 | 391680 |
| JPMorgan Ultra-Short Income ETF | 20000 | 1013600 |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 6000 | 603210 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,002,465) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,002,465) | 2008490 |
| **CORPORATE BONDS - 1.9%** | **Par** | **Value** |
| **Energy - 0.4%** | **Energy - 0.4%** | **Energy - 0.4%** |
|  BP Capital Markets PLC, 4.38% to 09/22/2025 then 5 yr. CMT Rate + 4.04%, Perpetual | 150000 | 149569 |
| **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** |
|  Discover Bank, 4.65%, 09/13/2028 | 150000 | 150823 |
|  JPMorgan Chase & Co., 3.65% to 06/01/2026 then 5 yr. CMT Rate + 2.85%, Perpetual | 150000 | 147623 |
|  |  | 298446 |
| **Mining, Quarrying, and Oil and Gas Extraction - 0.4%** | **Mining, Quarrying, and Oil and Gas Extraction - 0.4%** | **Mining, Quarrying, and Oil and Gas Extraction - 0.4%** |
|  Freeport-McMoRan, Inc., 4.13%, 03/01/2028 | 175000 | 172596 |
| **Utilities - 0.4%** | **Utilities - 0.4%** | **Utilities - 0.4%** |
|  Cheniere Energy, Inc., 4.63%, 10/15/2028 | 155000 | 154800 |
| **TOTAL CORPORATE BONDS** (Cost $770,449) | **TOTAL CORPORATE BONDS** (Cost $770,449) | 775411 |
| **REAL ESTATE INVESTMENT TRUSTS - 1.7%** | **Shares** | **Value**  |
| **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** |  |
| First Industrial Realty Trust, Inc. | 14000 | 673820 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $615,993) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $615,993) | 673820 |
| **OPEN-END FUNDS - 1.6%** | **Shares** | **Value** |
| Absolute Convertible Arbitrage Fund - Class Institutional | 31295 | 362393 |
| Baron Real Estate Fund - Class Institutional | 7871 | 304771 |
| **TOTAL OPEN-END FUNDS** (Cost $668,698) | **TOTAL OPEN-END FUNDS** (Cost $668,698) | 667164 |
| **SHORT-TERM INVESTMENTS - 10.6%** |  | **Value**  |
| **Money Market Funds - 6.9%** | **<u>Shares</u>** |  |
| Invesco Government & Agency Portfolio - Class Institutional, 4.25% <sup>(d)</sup> | 767262 | 767262 |
| MSILF Government Portfolio - Class Institutional, 4.23% <sup>(d)</sup> | 2021273 | 2021273 |
|  |  | 2788535 |
| **U.S. Treasury Bills - 3.7%** | **<u>Par</u>** |  |
| 4.11%, 10/30/2025 <sup>(e)</sup> | 1500000 | 1478907 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $4,268,218) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $4,268,218) | 4267442 |
| **TOTAL INVESTMENTS - 100.2% (**Cost $30,616,834**)** | **TOTAL INVESTMENTS - 100.2% (**Cost $30,616,834**)** | 40519673 |
| Liabilities in Excess of Other Assets - (0.2)% | Liabilities in Excess of Other Assets - (0.2)% | (69884) |
| **TOTAL NET ASSETS - 100.0%** |  | $40449789 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) Held in connection with written option contracts. See Schedule of Written Options for further information.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $3,587,289 or 8.9% of net assets as of June 30, 2025.

(d) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

(e) The rate shown is the annualized effective yield as of June 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Concorde Wealth Management Fund** | **Concorde Wealth Management Fund** | **Concorde Wealth Management Fund** | **Concorde Wealth Management Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> |
| JPMorgan Chase & Co., Expiration: 07/18/2025; Exercise Price: $285.00 | $(434865) | (15) | $(13980) |
| Martin Marietta Materials, Inc., Expiration: 07/18/2025; Exercise Price: $570.00 | (274480) | (5) | (2100) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $9,164) |  |  | $(16080) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Represents less than 0.05% of net assets.

(b) 100 shares per contract.

(c) Exchange-traded.

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Concorde Wealth Management Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $23035338 | $– | $– | $23035338 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Private Funds | – | – | 3587289 | 3587289 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 3027981 | – | – | 3027981 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 2476738 | – | 2476738 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2008490 | – | – | 2008490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 775411 | – | 775411 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 673820 | – | – | 673820 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Open-End Funds | 667164 | – | – | 667164 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 2788535 | – | – | 2788535 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 1478907 | – | 1478907 |
| Total Investments | $32201328 | $4731056 | $3587289 | $40519673 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $(16080) | $– | $– | $(16080) |
| Total Investments | $(16080) | $– | $– | $(16080) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Concorde Funds Inc

- **b. Investment Company Act file number:** 811-05339

- **c. CIK number of Registrant:** 0000822519

- **d. LEI of Registrant:** 549300M1O7ZH5YKQ4R17

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8383 Preston Center Plaza Drive

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75225

  - **Telephone number:** 972-701-5400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Concorde Wealth Management Fund

- **b. EDGAR series identifier (if any):** S000054433

- **c. LEI of Series:** 549300QGXVTXG3GLUU87

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $40578742.50

**Total Liabilities:** $99099.03

**Net Assets:** $40479643.47

**Cash Not Reported:** $285290.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170957 | -2.34%               | 1.40%                | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $59635.00                | $-1071766.44                               |
| Month 2  | $-4135.08                | $544759.90                                 |
| Month 3  | $575109.21               | $-69107.54                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHENIERE ENERGY INC            | Cheniere Energy Inc                                       | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154799.86    | 0.38%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp                                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     11400 | NS      | $1333116.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4500 | NS      | $312210.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      7500 | NS      | $1030500.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co            | Eastman Chemical Co                                       | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      4558 | NS      | $340300.28    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                                        | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     62500 | NS      | $1133125.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     11436 | NS      | $1232800.80   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust  | First Industrial Realty Trust Inc                         | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $673820.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp                                        | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      3100 | NS      | $508152.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC           | Freeport-McMoRan Inc                                      | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172596.24    | 0.43%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                                            | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      3690 | NS      | $612355.50    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc     | Howard Hughes Holdings Inc                                | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |      7500 | NS      | $506250.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1600 | NS      | $653456.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4100 | NS      | $1188631.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Ultra-Short Income ET | JPMorgan Ultra-Short Income ETF                           | CUSIP: 46641Q837<br>LEI: 549300VN24B8TQAGGX74 | Long             | EC               | RF                | US        |     20000 | NS      | $1013600.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Nasdaq Equity Premium | JPMorgan Nasdaq Equity Premium Income ETF                 | CUSIP: 46654Q203<br>LEI: 549300QY7QH8W9EILZ23 | Long             | EC               | RF                | US        |      7200 | NS      | $391680.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4900 | NS      | $748475.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                       | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    150000 | PA      | $147622.80    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Louisiana-Pacific Corp         | Louisiana-Pacific Corp                                    | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      6100 | NS      | $524539.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2200 | NS      | $488114.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po | Invesco Government & Agency Portfolio                     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    480866 | NS      | $480866.19    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LLR Equity Partners VII, LP    | LLR Equity Partners VII, LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    120000 | NS      | $113441.04    | 0.28%             |  |  |  | No            |                  3 | On Loan: No      |
| CLICAPITA                      | CLICAPITA                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     95455 | NS      | $480535.93    | 1.19%             |  |  |  | No            |                  3 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      3000 | NS      | $869160.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HONGKONGO                      | HONGKONGO                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    500000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LLR EQUITY PARTNERS V, L.P.    | LLR EQUITY PARTNERS V, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    990000 | NS      | $1609250.94   | 3.98%             |  |  |  | No            |                  3 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      4700 | NS      | $872414.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5000 | NS      | $1096950.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Baron Real Estate Fund         | Baron Real Estate Fund                                    | CUSIP: 06828M801<br>LEI: 549300CF6DJFQ0S5V274 | Long             | EC               | RF                | US        |      7871 | NS      | $304771.12    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       800 | NS      | $388616.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP        | Black Stone Minerals LP                                   | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100336 | NS      | $1312394.88   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc                             | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1000 | NS      | $548960.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2200 | NS      | $1094302.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                                | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2025557 | NS      | $2025557.34   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Absolute Convertible Arbitrage | Absolute Convertible Arbitrage Fund                       | CUSIP: 90470L360<br>LEI: 5493000NKQNH7CADRD86 | Long             | EC               | RF                | US        |     31295 | NS      | $362392.76    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LRVHEALTH, LP                  | LRVHEALTH, LP                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    490000 | NS      | $488187.98    | 1.21%             |  |  |  | No            |                  3 | On Loan: No      |
| BP CAPITAL MARKETS PLC         | BP Capital Markets PLC                                    | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $149568.84    | 0.37%             | 2025-09-22      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6500 | NS      | $515255.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                            | CUSIP: 25466AAP6<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150823.08    | 0.37%             | 2028-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       650 | NS      | $324987.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     25000 | NS      | $1050250.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Enhanced Short Maturity  | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | CUSIP: 72201R833<br>LEI: VOYE9Z80GB9431LFS645 | Long             | EC               | RF                | US        |      6000 | NS      | $603210.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Flexible Credit Income F | PIMCO Flexible Credit Income Fund                         | CUSIP: 72202M106<br>LEI: 549300R4RJB5MTHXES88 | Long             | EC               | RF                | US        |     58813 | NS      | $418163.75    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer ILS Interval Fund      | Pioneer ILS Interval Fund                                 | CUSIP: 72369L107<br>LEI: 549300LH2MO2SJZYNC86 | Long             | EC               | RF                | US        |    117583 | NS      | $1088816.94   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaport Entertainment Group In | Seaport Entertainment Group Inc                           | CUSIP: 812215200<br>LEI: 2549006G3SN205YAST27 | Long             | EC               | CORP              | US        |       833 | NS      | $15535.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust     | Sprott Physical Gold Trust                                | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |     60000 | NS      | $1521000.00   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      6200 | NS      | $765638.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                                   | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1985 | NS      | $2096934.15   | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1478906.93   | 3.65%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                          | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1472402.34   | 3.64%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                          | CUSIP: 91282CHU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1004335.94   | 2.48%             | 2026-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                                 | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     75550 | NS      | $865803.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                | Bunge Global SA                                           | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |      7550 | NS      | $606114.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-13980.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Martin Marietta Materials Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-2100.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| RCPSELECT                      | RCPSELECT                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    500000 | NS      | $500000.00    | 1.24%             |  |  |  | No            |                  3 | On Loan: No      |
| SPACOPPOR                      | SPACOPPOR                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1000000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TICEMORAN                      | TICEMORAN                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    250000 | NS      | $395872.75    | 0.98%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-07

**Name of Applicant:** Concorde Funds Inc

**Signature:** /s/Gregory Wood

**Name of Signer:** Concorde Funds Inc

**Title:** Treasurer