# EDGAR Filing Document

**Accession Number:** 0001539947
**File Stem:** 0001398344-23-003427
**Filing Date:** 2023-2
**Character Count:** 21127
**Document Hash:** 0bb5dbc44f3d6704436b20a5afd3c64b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003427.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001398344-23-003427

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Family Management Corp
- **CENTRAL INDEX KEY:** 0001539947
- **IRS NUMBER:** 133462173
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14892
- **FILM NUMBER:** 23630927

**BUSINESS ADDRESS:**
- **STREET 1:** 10 GRAND CENTRAL, 155 E. 44TH STREET
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (212) 872-9600

**MAIL ADDRESS:**
- **STREET 1:** 10 GRAND CENTRAL, 155 E. 44TH STREET
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### 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:** Family Management Corp<br>**Address:** 10 GRAND CENTRAL 155 E. 44TH STREET<br>21ST FLOOR<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-14892

**CRD Number (if applicable):** 000104951

**SEC File Number (if applicable):** 801-35943

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:** Philip Frank<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-872-9637

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

/s/ Philip Frank  New York, NY  02-14-2023<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:** 173

**Form 13F Information Table Value Total:** $410302009

      (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 |
| ABRDN ASIA PACIFIC INCOME FU | COM | 003009107 |  | 966196 | 367375 | SH |  | SOLE |  | 367375 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 600791 | 6771 | SH |  | SOLE |  | 6771 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7787974 | 88269 | SH |  | SOLE |  | 85134 | 0 | 3135 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 347533 | 7603 | SH |  | SOLE |  | 7603 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7054656 | 83984 | SH |  | SOLE |  | 81598 | 0 | 2386 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 290642 | 3061 | SH |  | SOLE |  | 3061 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3277982 | 22186 | SH |  | SOLE |  | 22186 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 3857123 | 18206 | SH |  | SOLE |  | 17544 | 0 | 662 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1923021 | 6176 | SH |  | SOLE |  | 6176 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 448589 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 11972790 | 92148 | SH |  | SOLE |  | 80914 | 0 | 11234 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 1179014 | 63834 | SH |  | SOLE |  | 63834 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 381815 | 12222 | SH |  | SOLE |  | 12132 | 0 | 90 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 48612 | 1722 | SH |  | SOLE |  | 1722 | 0 | 0 |
| ARK ETF TR | 3D PRINTING ETF | 00214Q500 |  | 7028 | 343 | SH |  | SOLE |  | 343 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2723258 | 4984 | SH |  | SOLE |  | 4862 | 0 | 122 |
| BANK AMERICA CORP | COM | 060505104 |  | 302419 | 9131 | SH |  | SOLE |  | 9131 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 7493296 | 24258 | SH |  | SOLE |  | 23616 | 0 | 642 |
| BIOCARDIA INC | COM | 09060U507 |  | 297407 | 142300 | SH |  | SOLE |  | 142300 | 0 | 0 |
| BK OF AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 6960 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 1582929 | 93831 | SH |  | SOLE |  | 39767 | 0 | 54064 |
| BLACKROCK CR ALLOCATION INCO | COM | 092508100 |  | 2873935 | 284548 | SH |  | SOLE |  | 284548 | 0 | 0 |
| BLACKROCK MUNICIPAL INCOME | COM | 09253X102 |  | 390828 | 34495 | SH |  | SOLE |  | 34495 | 0 | 0 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 |  | 276181 | 26892 | SH |  | SOLE |  | 15282 | 0 | 11610 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 |  | 233944 | 22473 | SH |  | SOLE |  | 22473 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 |  | 148129 | 13214 | SH |  | SOLE |  | 13214 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 2297442 | 30967 | SH |  | SOLE |  | 29771 | 0 | 1196 |
| BLACKSTONE STRATEGIC CREDIT | COM SHS BEN IN | 09257R101 |  | 274932 | 25986 | SH |  | SOLE |  | 25986 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 106625 | 10059 | SH |  | SOLE |  | 10059 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 1564946 | 4615 | SH |  | SOLE |  | 4506 | 0 | 109 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3199050 | 17823 | SH |  | SOLE |  | 17515 | 0 | 308 |
| CHUBB LIMITED | COM | H1467J104 |  | 374138 | 1696 | SH |  | SOLE |  | 1696 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 531843 | 8361 | SH |  | SOLE |  | 8361 | 0 | 0 |
| COHEN  STEERS REAL ESTATE O | SHS BENFIN INT | 19249Q103 |  | 1366670 | 101385 | SH |  | SOLE |  | 101385 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 1964737 | 97943 | SH |  | SOLE |  | 95706 | 0 | 2237 |
| DANAHER CORPORATION | COM | 235851102 |  | 228261 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2559050 | 29455 | SH |  | SOLE |  | 28423 | 0 | 1032 |
| DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 |  | 411805 | 27731 | SH |  | SOLE |  | 27731 | 0 | 0 |
| DOUBLELINE YIELD OPPORTUNITI | COM | 25862D105 |  | 1148289 | 87522 | SH |  | SOLE |  | 82522 | 0 | 5000 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 651309 | 6324 | SH |  | SOLE |  | 6324 | 0 | 0 |
| DYNEX CAP INC | COM | 26817Q886 |  | 676768 | 53205 | SH |  | SOLE |  | 53205 | 0 | 0 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 508152 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 256772 | 392 | SH |  | SOLE |  | 392 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 470540 | 4266 | SH |  | SOLE |  | 2171 | 0 | 2095 |
| FASTENAL CO | COM | 311900104 |  | 2743330 | 57974 | SH |  | SOLE |  | 56840 | 0 | 1134 |
| FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 33740F805 |  | 200100 | 4556 | SH |  | SOLE |  | 4556 | 0 | 0 |
| FIRST WESTN FINL INC | COM | 33751L105 |  | 954623 | 33912 | SH |  | SOLE |  | 33912 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 335400 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 5269186 | 69213 | SH |  | SOLE |  | 63862 | 0 | 5351 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 144299 | 10965 | SH |  | SOLE |  | 10965 | 0 | 0 |
| GREAT AJAX CORP | COM | 38983D300 |  | 2164618 | 298568 | SH |  | SOLE |  | 298568 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 7673187 | 24293 | SH |  | SOLE |  | 23480 | 0 | 813 |
| INSEEGO CORP | COM | 45782B104 |  | 23213 | 27552 | SH |  | SOLE |  | 27552 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2915710 | 28421 | SH |  | SOLE |  | 27521 | 0 | 900 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 302773 | 2149 | SH |  | SOLE |  | 659 | 0 | 1490 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 |  | 270270 | 27300 | SH |  | SOLE |  | 27300 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1904967 | 7154 | SH |  | SOLE |  | 7154 | 0 | 0 |
| INVESCO VALUE MUN INCOME TR | COM | 46132P108 |  | 425726 | 35330 | SH |  | SOLE |  | 35330 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 681112 | 19691 | SH |  | SOLE |  | 19691 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 11414447 | 134604 | SH |  | SOLE |  | 133650 | 0 | 954 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 15797 | 131 | SH |  | SOLE |  | 131 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2292595 | 5967 | SH |  | SOLE |  | 5967 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 26391127 | 325134 | SH |  | SOLE |  | 302325 | 0 | 22809 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2019620 | 30768 | SH |  | SOLE |  | 30423 | 0 | 345 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 237536 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 7164 | 28 | SH |  | SOLE |  | 28 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 12735 | 97 | SH |  | SOLE |  | 97 | 0 | 0 |
| ISHARES TR | COHEN STEER REIT | 464287564 |  | 1801659 | 32853 | SH |  | SOLE |  | 32853 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 15789 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 101039 | 471 | SH |  | SOLE |  | 471 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 323263 | 1854 | SH |  | SOLE |  | 1854 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 4843947 | 68582 | SH |  | SOLE |  | 68582 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 257735 | 3460 | SH |  | SOLE |  | 3460 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 42556 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 10657898 | 112615 | SH |  | SOLE |  | 112298 | 0 | 317 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 42300 | 2131 | SH |  | SOLE |  | 2131 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 276884 | 2624 | SH |  | SOLE |  | 2624 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3615913 | 73034 | SH |  | SOLE |  | 71815 | 0 | 1219 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 114586 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 55966098 | 509153 | SH |  | SOLE |  | 504577 | 0 | 4576 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 88629 | 2903 | SH |  | SOLE |  | 2903 | 0 | 0 |
| ISHARES TR | MSCI USA ESG SLC | 464288802 |  | 142496 | 1731 | SH |  | SOLE |  | 1731 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 9114731 | 79982 | SH |  | SOLE |  | 76483 | 0 | 3499 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 10161122 | 203060 | SH |  | SOLE |  | 203060 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 5379150 | 107304 | SH |  | SOLE |  | 84846 | 0 | 22458 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7353586 | 41628 | SH |  | SOLE |  | 37940 | 0 | 3688 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 4642944 | 34623 | SH |  | SOLE |  | 33973 | 0 | 650 |
| KINGSTONE COS INC | COM | 496719105 |  | 13500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 278659 | 6003 | SH |  | SOLE |  | 6003 | 0 | 0 |
| LEGG MASON ETF INVT TR | CLEARBRIDEG LR | 524682200 |  | 261819 | 6414 | SH |  | SOLE |  | 6414 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 439787 | 904 | SH |  | SOLE |  | 904 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 1363685 | 16424 | SH |  | SOLE |  | 16051 | 0 | 373 |
| MAIDEN HOLDINGS LTD | SHS | G5753U112 |  | 126600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 265375 | 1007 | SH |  | SOLE |  | 1007 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2716159 | 34948 | SH |  | SOLE |  | 34096 | 0 | 852 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 |  | 223675 | 19450 | SH |  | SOLE |  | 19450 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 367910 | 3316 | SH |  | SOLE |  | 3316 | 0 | 0 |
| MFA FINL INC | COM | 55272X607 |  | 460488 | 46750 | SH |  | SOLE |  | 46750 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 11662686 | 48631 | SH |  | SOLE |  | 47410 | 0 | 1221 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 2441992 | 57567 | SH |  | SOLE |  | 55787 | 0 | 1780 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 401364 | 4801 | SH |  | SOLE |  | 4801 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 426969 | 3649 | SH |  | SOLE |  | 3649 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 216409 | 1599 | SH |  | SOLE |  | 1599 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 1316911 | 108477 | SH |  | SOLE |  | 108477 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 1508970 | 132715 | SH |  | SOLE |  | 126215 | 0 | 6500 |
| NUVEEN ARIZONA QLTY MUN INC | COM | 67061W104 |  | 367175 | 32901 | SH |  | SOLE |  | 25088 | 0 | 7813 |
| NUVEEN DYNAMIC MUN OPPORTUNI | COM SHS | 67079X102 |  | 175292 | 17635 | SH |  | SOLE |  | 17635 | 0 | 0 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 266896 | 25812 | SH |  | SOLE |  | 14750 | 0 | 11062 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 1390976 | 115147 | SH |  | SOLE |  | 115147 | 0 | 0 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 |  | 889132 | 86660 | SH |  | SOLE |  | 67126 | 0 | 19534 |
| NUVEEN PFD  INCOME SECS FD | COM | 67072C105 |  | 1591112 | 233987 | SH |  | SOLE |  | 233987 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 472000 | 40000 | SH |  | SOLE |  | 32636 | 0 | 7364 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5029993 | 34419 | SH |  | SOLE |  | 30806 | 0 | 3613 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 292280 | 2000 | SH | Call | SOLE |  | 2000 | 0 | 0 |
| OPPFI INC | COM CL A | 68386H103 |  | 581944 | 283875 | SH |  | SOLE |  | 283875 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 623638 | 3452 | SH |  | SOLE |  | 3452 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 5848585 | 114141 | SH |  | SOLE |  | 102584 | 0 | 11557 |
| PIMCO DYNAMIC INCOME OPRNTS | COM BEN SHS | 69355M107 |  | 1848419 | 144747 | SH |  | SOLE |  | 136501 | 0 | 8246 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 1978919 | 20060 | SH |  | SOLE |  | 20060 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 739310 | 4878 | SH |  | SOLE |  | 4878 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 4815701 | 47718 | SH |  | SOLE |  | 46268 | 0 | 1450 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 4308017 | 5971 | SH |  | SOLE |  | 5748 | 0 | 223 |
| RIVERNORTH OPPORTUNISTIC MUN | COM | 76883F108 |  | 524933 | 32106 | SH |  | SOLE |  | 14859 | 0 | 17247 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 119987 | 15767 | SH |  | SOLE |  | 15767 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 921605 | 11069 | SH |  | SOLE |  | 10614 | 0 | 455 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1382526 | 30621 | SH |  | SOLE |  | 30621 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 172686 | 2632 | SH |  | SOLE |  | 2632 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 246908 | 6095 | SH |  | SOLE |  | 6095 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 412712 | 3038 | SH |  | SOLE |  | 3038 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 7604 | 102 | SH |  | SOLE |  | 102 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 143469 | 4195 | SH |  | SOLE |  | 4195 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 41563 | 334 | SH |  | SOLE |  | 334 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 9838 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 8826 | 239 | SH |  | SOLE |  | 239 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 225750 | 3964 | SH |  | SOLE |  | 400 | 0 | 3564 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 4713374 | 19860 | SH |  | SOLE |  | 19247 | 0 | 613 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 947272 | 2859 | SH |  | SOLE |  | 2859 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1055839 | 6224 | SH |  | SOLE |  | 6224 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5675481 | 14841 | SH |  | SOLE |  | 13900 | 0 | 941 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 174655 | 4491 | SH |  | SOLE |  | 4491 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 95450 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 810 | 9 | SH |  | SOLE |  | 9 | 0 | 0 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 16360873 | 178866 | SH |  | SOLE |  | 175379 | 0 | 3487 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 |  | 351992 | 8791 | SH |  | SOLE |  | 8791 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 2066207 | 14449 | SH |  | SOLE |  | 14449 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 246360 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 3272545 | 1396 | SH |  | SOLE |  | 1346 | 0 | 50 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 679980 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 226675 | 1209 | SH |  | SOLE |  | 1209 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 3326787 | 16066 | SH |  | SOLE |  | 15718 | 0 | 348 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 642048 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 53070 | 151 | SH |  | SOLE |  | 151 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 158009 | 879 | SH |  | SOLE |  | 879 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 487786 | 3475 | SH |  | SOLE |  | 3475 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 27531 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 592689 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 265147 | 2579 | SH |  | SOLE |  | 2579 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 14501 | 372 | SH |  | SOLE |  | 372 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 22176 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 14918 | 258 | SH |  | SOLE |  | 258 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 7722314 | 102704 | SH |  | SOLE |  | 98547 | 0 | 4157 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 27959542 | 184126 | SH |  | SOLE |  | 178096 | 0 | 6030 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 242209 | 5771 | SH |  | SOLE |  | 5771 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 390927 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1914485 | 48591 | SH |  | SOLE |  | 46265 | 0 | 2326 |
| VISA INC | COM CL A | 92826C839 |  | 5194000 | 25000 | SH |  | SOLE |  | 24289 | 0 | 711 |
| WALMART INC | COM | 931142103 |  | 5371572 | 37884 | SH |  | SOLE |  | 36575 | 0 | 1309 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 141024 | 14876 | SH |  | SOLE |  | 14876 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 209464 | 5073 | SH |  | SOLE |  | 5073 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 11850 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| WESTERN ASSET DIVERSIFIED IN | COM SHS BEN INT | 95790K109 |  | 865759 | 68170 | SH |  | SOLE |  | 68170 | 0 | 0 |
| WESTERN ASSET EMERGING MKTS | COM | 95766A101 |  | 175577 | 19273 | SH |  | SOLE |  | 19273 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 294116 | 2660 | SH |  | SOLE |  | 2660 | 0 | 0 |

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