# EDGAR Filing Document

**Accession Number:** 0002056338
**File Stem:** 0001172661-25-003331
**Filing Date:** 2025-8
**Character Count:** 23025
**Document Hash:** 0093ad98cb9d7cb0630ad9752e32bbca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003331.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001172661-25-003331

**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:** TT Capital Management LLC
- **CENTRAL INDEX KEY:** 0002056338

**ORGANIZATION NAME:**
- **EIN:** 821958278
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25061
- **FILM NUMBER:** 251215350

**BUSINESS ADDRESS:**
- **STREET 1:** 1401 E CORAL COVE DR
- **CITY:** GILBERT
- **STATE:** AZ
- **ZIP:** 85234
- **BUSINESS PHONE:** 805-886-8140

**MAIL ADDRESS:**
- **STREET 1:** 1401 E CORAL COVE DR
- **CITY:** GILBERT
- **STATE:** AZ
- **ZIP:** 85234

### 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:** TT Capital Management LLC<br>**Address:** 1401 E Coral Cove Dr<br>Gilbert, AZ 85234

**Form 13F File Number:** 028-25061

**CRD Number (if applicable):** 000158407

**SEC File Number (if applicable):** 801-129780

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:** Peter Travis<br>**Title:** COO<br>**Phone:** 949-734-4290

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

/s/ Peter Travis  Gilbert, AZ  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:** 190

**Form 13F Information Table Value Total:** $2106066648

      (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 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 5737444 | 8432 | SH |  | SOLE |  | 8432 | 0 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 13226910 | 254875 | SH |  | SOLE |  | 254875 | 0 | 0 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 |  | 672291 | 32700 | SH |  | SOLE |  | 32700 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2374380 | 4669 | SH |  | SOLE |  | 4669 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 43609362 | 590545 | SH |  | SOLE |  | 590545 | 0 | 0 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 1721557 | 386150 | SH |  | SOLE |  | 386150 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 303160 | 3047 | SH |  | SOLE |  | 3047 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1432776 | 28147 | SH |  | SOLE |  | 28147 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 349081 | 7166 | SH |  | SOLE |  | 7166 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 501887 | 6001 | SH |  | SOLE |  | 6001 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 471925 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| SCHWAB STRATEGIC TR | HIGH YIELD BD ET | 808524631 |  | 3596245 | 138400 | SH |  | SOLE |  | 138400 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 602326 | 28928 | SH |  | SOLE |  | 28928 | 0 | 0 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 294977 | 5635 | SH |  | SOLE |  | 5635 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 1235712 | 137881 | SH |  | SOLE |  | 137881 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 2724785 | 33545 | SH |  | SOLE |  | 33545 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 2096956 | 73022 | SH |  | SOLE |  | 73022 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 511883 | 15443 | SH |  | SOLE |  | 15443 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 1222482 | 124996 | SH |  | SOLE |  | 124996 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 1072860 | 8555 | SH |  | SOLE |  | 8555 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 279357 | 1054 | SH |  | SOLE |  | 1054 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 4001049 | 54100 | SH |  | SOLE |  | 54100 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 628437 | 73451 | SH |  | SOLE |  | 73451 | 0 | 0 |
| NNN REIT INC | COM | 637417106 |  | 27371599 | 657017 | SH |  | SOLE |  | 657017 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1744740 | 29351 | SH |  | SOLE |  | 29351 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 938891 | 4630 | SH |  | SOLE |  | 4630 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1439372 | 13881 | SH |  | SOLE |  | 13881 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 705787 | 31200 | SH |  | SOLE |  | 31200 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1699149 | 17351 | SH |  | SOLE |  | 17351 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 617678 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| BLACKROCK FLOATING RATE INCO | COM | 09255X100 |  | 44345323 | 3523683 | SH |  | SOLE |  | 3523683 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 654469 | 7981 | SH |  | SOLE |  | 7981 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1122446 | 9362 | SH |  | SOLE |  | 9362 | 0 | 0 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 464280 | 48200 | SH |  | SOLE |  | 48200 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 236235 | 3105 | SH |  | SOLE |  | 3105 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 278577 | 7152 | SH |  | SOLE |  | 7152 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6458077 | 11173 | SH |  | SOLE |  | 11173 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 1881689 | 108004 | SH |  | SOLE |  | 108004 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 5176713 | 190650 | SH |  | SOLE |  | 190650 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 877885 | 32364 | SH |  | SOLE |  | 32364 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 220145 | 1155 | SH |  | SOLE |  | 1155 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 1221405 | 163750 | SH |  | SOLE |  | 163750 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | DORSEY WRGT EMRG | 46138E867 |  | 787946 | 42347 | SH |  | SOLE |  | 42347 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 215957 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 3234733 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 1201888 | 108950 | SH |  | SOLE |  | 108950 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 5188755 | 71804 | SH |  | SOLE |  | 71804 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 800656 | 14260 | SH |  | SOLE |  | 14260 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 3441038 | 92982 | SH |  | SOLE |  | 92982 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 9754509 | 187658 | SH |  | SOLE |  | 187658 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 154446 | 11966 | SH |  | SOLE |  | 11966 | 0 | 0 |
| PATRIA INVESTMENTS LIMITED | COM CL A | G69451105 |  | 15962179 | 1314850 | SH |  | SOLE |  | 1314850 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 2564113 | 11709 | SH |  | SOLE |  | 11709 | 0 | 0 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 211175 | 3472 | SH |  | SOLE |  | 3472 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2061432 | 9955 | SH |  | SOLE |  | 9955 | 0 | 0 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 738241 | 25961 | SH |  | SOLE |  | 25961 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 846495 | 8853 | SH |  | SOLE |  | 8853 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 197381 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 23907927 | 1172348 | SH |  | SOLE |  | 1172348 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 242574 | 2562 | SH |  | SOLE |  | 2562 | 0 | 0 |
| DELEK LOGISTICS PARTNERS LP | COM UNT RP INT | 24664T103 |  | 1270247 | 30600 | SH |  | SOLE |  | 30600 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 13601388 | 31169 | SH |  | SOLE |  | 31169 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1364727 | 5192 | SH |  | SOLE |  | 5192 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 558018 | 13230 | SH |  | SOLE |  | 13230 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 1678654 | 18467 | SH |  | SOLE |  | 18467 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 1103782 | 28422 | SH |  | SOLE |  | 28422 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1206000 | 26363 | SH |  | SOLE |  | 26363 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 813021 | 2232 | SH |  | SOLE |  | 2232 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 8849304 | 52601 | SH |  | SOLE |  | 52601 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 8066620 | 344798 | SH |  | SOLE |  | 344798 | 0 | 0 |
| MODIV INDUSTRIAL INC | COM STK CL C | 60784B101 |  | 2995658 | 202100 | SH |  | SOLE |  | 202100 | 0 | 0 |
| BARINGS BDC INC | COM | 06759L103 |  | 2078422 | 234692 | SH |  | SOLE |  | 234692 | 0 | 0 |
| NETSTREIT CORP | COM | 64119V303 |  | 1695983 | 105654 | SH |  | SOLE |  | 105654 | 0 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 3230357 | 170300 | SH |  | SOLE |  | 170300 | 0 | 0 |
| CASSAVA SCIENCES INC | COM | 14817C107 |  | 27599 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 63308117 | 1026143 | SH |  | SOLE |  | 1026143 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 12883089 | 111846 | SH |  | SOLE |  | 111846 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 4847534 | 61255 | SH |  | SOLE |  | 61255 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 66053639 | 615168 | SH |  | SOLE |  | 615168 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2064906 | 12202 | SH |  | SOLE |  | 12202 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 2168946 | 76124 | SH |  | SOLE |  | 76124 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2127310 | 21062 | SH |  | SOLE |  | 21062 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 3440404 | 22235 | SH |  | SOLE |  | 22235 | 0 | 0 |
| MANAGED PORTFOLIO SERIES | KENSINGTON HEDGE | 56167N183 |  | 240850 | 9828 | SH |  | SOLE |  | 9828 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1231131 | 44708 | SH |  | SOLE |  | 44708 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 76993754 | 2416627 | SH |  | SOLE |  | 2416627 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1804365 | 27334 | SH |  | SOLE |  | 27334 | 0 | 0 |
| LISTED FDS TR | HORIZON KINETICS | 53656F623 |  | 385979 | 9362 | SH |  | SOLE |  | 9362 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 357029 | 2003 | SH |  | SOLE |  | 2003 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1379481 | 12160 | SH |  | SOLE |  | 12160 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN | COM SHS | 61774A103 |  | 52774459 | 2734201 | SH |  | SOLE |  | 2734201 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 372176 | 7998 | SH |  | SOLE |  | 7998 | 0 | 0 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 890759 | 39928 | SH |  | SOLE |  | 39928 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 986460 | 31744 | SH |  | SOLE |  | 31744 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG EMERGI | 78464A391 |  | 216442 | 10478 | SH |  | SOLE |  | 10478 | 0 | 0 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 7639617 | 687475 | SH |  | SOLE |  | 687475 | 0 | 0 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 316014 | 6930 | SH |  | SOLE |  | 6930 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 5454246 | 50476 | SH |  | SOLE |  | 50476 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 337667 | 5022 | SH |  | SOLE |  | 5022 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 2625550 | 86924 | SH |  | SOLE |  | 86924 | 0 | 0 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 417864 | 16864 | SH |  | SOLE |  | 16864 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 233075 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3219370 | 12590 | SH |  | SOLE |  | 12590 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 18846234 | 422216 | SH |  | SOLE |  | 422216 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 515561 | 10253 | SH |  | SOLE |  | 10253 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 8052991 | 224389 | SH |  | SOLE |  | 224389 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 258882 | 3190 | SH |  | SOLE |  | 3190 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 403347 | 61600 | SH |  | SOLE |  | 61600 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 827784 | 21948 | SH |  | SOLE |  | 21948 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3920478 | 27780 | SH |  | SOLE |  | 27780 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 613087 | 15810 | SH |  | SOLE |  | 15810 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 3567781 | 19240 | SH |  | SOLE |  | 19240 | 0 | 0 |
| ARMADA HOFFLER PPTYS INC | COM | 04208T108 |  | 7126310 | 1025878 | SH |  | SOLE |  | 1025878 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 597711 | 1567 | SH |  | SOLE |  | 1567 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 358884 | 3968 | SH |  | SOLE |  | 3968 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 2243627 | 28122 | SH |  | SOLE |  | 28122 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5279579 | 9135 | SH |  | SOLE |  | 9135 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1735918 | 29950 | SH |  | SOLE |  | 29950 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2391110 | 87285 | SH |  | SOLE |  | 87285 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 560468 | 23684 | SH |  | SOLE |  | 23684 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 48380196 | 477587 | SH |  | SOLE |  | 477587 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 622882 | 3472 | SH |  | SOLE |  | 3472 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 10400333 | 354088 | SH |  | SOLE |  | 354088 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 702635 | 5270 | SH |  | SOLE |  | 5270 | 0 | 0 |
| VESTA REAL ESTATE CORP | ADS | 92540K109 |  | 3505954 | 130400 | SH |  | SOLE |  | 130400 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1953500 | 24242 | SH |  | SOLE |  | 24242 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 355374 | 3395 | SH |  | SOLE |  | 3395 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 7033821 | 146992 | SH |  | SOLE |  | 146992 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3598308 | 7205 | SH |  | SOLE |  | 7205 | 0 | 0 |
| FLAGSTAR FINANCIAL INC | UNIT 05/07/2051 | 64944P307 |  | 875284 | 23550 | SH |  | SOLE |  | 23550 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 3701628 | 31806 | SH |  | SOLE |  | 31806 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 5008956 | 44756 | SH |  | SOLE |  | 44756 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 |  | 24778783 | 1760007 | SH |  | SOLE |  | 1760007 | 0 | 0 |
| RCI HOSPITALITY HLDGS INC | COM | 74934Q108 |  | 765678 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 1062744 | 21266 | SH |  | SOLE |  | 21266 | 0 | 0 |
| BROWN FORMAN CORP | CL A | 115637100 |  | 458383 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 28489736 | 23205 | SH |  | SOLE |  | 23205 | 0 | 0 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 128710 | 31002 | SH |  | SOLE |  | 31002 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 4516295 | 76517 | SH |  | SOLE |  | 76517 | 0 | 0 |
| NEUBERGER BERMAN ENERGY INFR | COM | 64129H104 |  | 232582 | 27140 | SH |  | SOLE |  | 27140 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1718954 | 15585 | SH |  | SOLE |  | 15585 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 533433 | 28500 | SH |  | SOLE |  | 28500 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 275567 | 3497 | SH |  | SOLE |  | 3497 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 8611898 | 206026 | SH |  | SOLE |  | 206026 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 386530 | 372 | SH |  | SOLE |  | 372 | 0 | 0 |
| RIVERNORTH MANAGED DUR MUN I | COM | 76882M104 |  | 246050 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 770417 | 5812 | SH |  | SOLE |  | 5812 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 374732031 | 3727740 | SH |  | SOLE |  | 3727740 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 51126055 | 2460749 | SH |  | SOLE |  | 2460749 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 701726 | 36970 | SH |  | SOLE |  | 36970 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 2516941 | 83898 | SH |  | SOLE |  | 83898 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 7012746 | 76558 | SH |  | SOLE |  | 76558 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 739391 | 12659 | SH |  | SOLE |  | 12659 | 0 | 0 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 737514 | 8968 | SH |  | SOLE |  | 8968 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 744221 | 66328 | SH |  | SOLE |  | 66328 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1707925 | 12648 | SH |  | SOLE |  | 12648 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1024111 | 32161 | SH |  | SOLE |  | 32161 | 0 | 0 |
| GLOBAL NET LEASE INC | COM NEW | 379378201 |  | 77216 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 327593 | 3968 | SH |  | SOLE |  | 3968 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 205412 | 5783 | SH |  | SOLE |  | 5783 | 0 | 0 |
| EASTERLY GOVT PPTYS INC | COM SHS | 27616P301 |  | 3400053 | 154380 | SH |  | SOLE |  | 154380 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 1188213 | 20400 | SH |  | SOLE |  | 20400 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 1036013 | 33800 | SH |  | SOLE |  | 33800 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 243870 | 8356 | SH |  | SOLE |  | 8356 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 3145742 | 103750 | SH |  | SOLE |  | 103750 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 241613 | 11532 | SH |  | SOLE |  | 11532 | 0 | 0 |
| EAGLE POINT CREDIT COMPANY I | COM | 269808101 |  | 2580650 | 336829 | SH |  | SOLE |  | 336829 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1957588 | 62868 | SH |  | SOLE |  | 62868 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 1628712 | 32493 | SH |  | SOLE |  | 32493 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 2872716 | 56857 | SH |  | SOLE |  | 56857 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 507269437 | 10045638 | SH |  | SOLE |  | 10045638 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 13359776 | 549758 | SH |  | SOLE |  | 549758 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 259982 | 5157 | SH |  | SOLE |  | 5157 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 402693 | 6487 | SH |  | SOLE |  | 6487 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 60638790 | 4266464 | SH |  | SOLE |  | 4266464 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 877233 | 129890 | SH |  | SOLE |  | 129890 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 978545 | 4495 | SH |  | SOLE |  | 4495 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 490866 | 9971 | SH |  | SOLE |  | 9971 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 2032550 | 34718 | SH |  | SOLE |  | 34718 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 3769646 | 78417 | SH |  | SOLE |  | 78417 | 0 | 0 |
| TIDAL TR II | YIELDMAX MSTR OP | 88634T493 |  | 1842980 | 83000 | SH |  | SOLE |  | 83000 | 0 | 0 |
| CION INVT CORP | COM | 17259U204 |  | 7849420 | 825703 | SH |  | SOLE |  | 825703 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 11631294 | 268619 | SH |  | SOLE |  | 268619 | 0 | 0 |
| TUHURA BIOSCIENCES INC | COM | 898920103 |  | 22300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 1103919 | 75077 | SH |  | SOLE |  | 75077 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 533897 | 4526 | SH |  | SOLE |  | 4526 | 0 | 0 |
| READY CAPITAL CORP | COM | 75574U101 |  | 129638 | 29372 | SH |  | SOLE |  | 29372 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 4185815 | 85865 | SH |  | SOLE |  | 85865 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 10033272 | 93840 | SH |  | SOLE |  | 93840 | 0 | 0 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 181348400 | 3775899 | SH |  | SOLE |  | 3775899 | 0 | 0 |

---