First Dallas Securities Inc. Activity Q3 2006-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MTDR	Buy	MATADOR RES CO	$23,019	+5131.6%	387,003	+4501.7%	5.27%	+2051.4%
WIRE	Buy	ENCORE WIRE CORP	$17,791	+220.4%	97,505	+226.5%	4.07%	+31.5%
TPL	Sell	TEXAS PACIFIC LAND CORPORATI	$14,853	+13.5%	8,145	-18.1%	3.40%	-53.4%
EXP	Buy	EAGLE MATLS INC	$14,225	+358.7%	85,423	+413.5%	3.26%	+88.3%
UBER	Buy	UBER TECHNOLOGIES INC	$13,372	+204.4%	290,765	+185.8%	3.06%	+24.9%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$11,675	+406.1%	746,945	+442.6%	2.67%	+107.7%
	Buy	ON HLDG AGnamen akt a	$11,551	+1258.9%	415,202	+1512.4%	2.64%	+458.0%
FOUR	New	SHIFT4 PMTS INCcl a	$9,621	–	173,753	–	2.20%	–
CNK	Buy	CINEMARK HLDGS INC	$9,380	+2642.7%	511,152	+2363.4%	2.15%	+1024.6%
ON	Buy	ON SEMICONDUCTOR CORP	$8,728	+1425.9%	93,900	+1452.1%	2.00%	+526.6%
SM	New	SM ENERGY CO	$8,669	–	218,633	–	1.98%	–
NCR	New	NCR CORP NEW	$8,543	–	316,775	–	1.96%	–
ELY	Buy	TOPGOLF CALLAWAY BRANDS CORP	$8,463	+670.1%	611,466	+1004.7%	1.94%	+216.2%
NCLH	Buy	NORWEGIAN CRUISE LINE HLDG L	$8,178	+854.3%	496,254	+1160.8%	1.87%	+291.8%
	New	PERMIAN RESOURCES CORP	$7,440	–	532,923	–	1.70%	–
	New	DRAFTKINGS INC NEW	$7,010	–	238,126	–	1.60%	–
NVDA	Buy	NVIDIA CORPORATION	$6,909	+13.4%	15,882	+10.3%	1.58%	-53.4%
TMHC	New	TAYLOR MORRISON HOME CORP	$6,594	–	154,760	–	1.51%	–
UPLD	Buy	UPLAND SOFTWARE INC	$6,594	+2465.8%	1,427,314	+1896.2%	1.51%	+955.9%
VSTO	New	VISTA OUTDOOR INC	$6,379	–	192,601	–	1.46%	–
KE	New	KIMBALL ELECTRONICS INC	$6,307	–	230,361	–	1.44%	–
MU	Buy	MICRON TECHNOLOGY INC	$6,208	+326.7%	91,252	+295.9%	1.42%	+75.1%
CMC	Buy	COMMERCIAL METALS CO	$5,968	+315.9%	120,789	+343.3%	1.37%	+70.7%
SCVL	New	SHOE CARNIVAL INC	$5,816	–	242,023	–	1.33%	–
FCX	Buy	FREEPORT-MCMORAN INCcl b	$5,783	+123.3%	155,073	+139.5%	1.32%	-8.4%
HTH	New	HILLTOP HOLDINGS INC	$5,672	–	200,000	–	1.30%	–
ABNB	Buy	AIRBNB INC	$5,364	+866.5%	39,092	+802.8%	1.23%	+296.1%
	New	COHERENT CORP	$4,951	–	151,692	–	1.13%	–
PUMP	New	PROPETRO HLDG CORP	$4,933	–	464,106	–	1.13%	–
TWLO	New	TWILIO INCcl a	$4,682	–	80,000	–	1.07%	–
ULCC	Buy	FRONTIER GROUP HLDGS INC	$4,611	+443.1%	952,746	+985.8%	1.06%	+122.8%
CHK	Buy	CHESAPEAKE ENERGY CORP	$4,460	+38.6%	51,719	+34.5%	1.02%	-43.1%
KEX	New	KIRBY CORP	$4,261	–	51,457	–	0.98%	–
INMD	New	INMODE LTD	$4,236	–	139,054	–	0.97%	–
ETH	Buy	ETHAN ALLEN INTERIORS INC	$4,159	+108.2%	139,111	+96.9%	0.95%	-14.6%
DIOD	New	DIODES INC	$4,158	–	52,743	–	0.95%	–
	New	BAUSCH PLUS LOMB CORP	$4,036	–	238,100	–	0.92%	–
RH	New	RH	$4,025	–	15,227	–	0.92%	–
IBTX	New	INDEPENDENT BANK GROUP INC	$3,996	–	101,039	–	0.92%	–
APP	New	APPLOVIN CORP	$3,996	–	100,000	–	0.92%	–
GPI	New	GROUP 1 AUTOMOTIVE INC	$3,836	–	14,276	–	0.88%	–
	New	SYMBOTIC INC	$3,784	–	113,192	–	0.87%	–
ALK	New	ALASKA AIR GROUP INC	$3,768	–	101,617	–	0.86%	–
ELF	New	E L F BEAUTY INC	$3,569	–	32,500	–	0.82%	–
GPK	New	GRAPHIC PACKAGING HLDG CO	$3,565	–	160,000	–	0.82%	–
LAWS	New	DISTRIBUTION SOLUTIONS GRP I	$3,558	–	136,858	–	0.82%	–
BLDR	Buy	BUILDERS FIRSTSOURCE INC	$3,557	+611.4%	28,576	+677.6%	0.81%	+191.8%
SCHW	Buy	SCHWAB CHARLES CORP	$3,453	+70.9%	62,898	+76.4%	0.79%	-29.8%
BC	New	BRUNSWICK CORP	$3,187	–	40,345	–	0.73%	–
WYNN	Buy	WYNN RESORTS LTD	$3,131	+279.1%	33,881	+332.9%	0.72%	+55.5%
	New	SOLO BRANDS INC	$3,018	–	591,704	–	0.69%	–
MSFT	Sell	MICROSOFT CORP	$2,588	-52.7%	8,195	-49.0%	0.59%	-80.6%
SFM	New	SPROUTS FMRS MKT INC	$2,397	–	56,000	–	0.55%	–
XOM	Sell	EXXON MOBIL CORP	$2,388	-60.5%	20,313	-63.9%	0.55%	-83.8%
ALG	New	ALAMO GROUP INC	$2,247	–	13,000	–	0.52%	–
AAPL	Sell	APPLE INC	$2,250	-88.6%	13,141	-87.1%	0.52%	-95.3%
STKL	Buy	SUNOPTA INC	$2,192	+809.5%	650,500	+1706.9%	0.50%	+274.6%
ASO	Buy	ACADEMY SPORTS & OUTDOORS IN	$1,990	+359.6%	42,100	+425.5%	0.46%	+88.4%
ALTG	New	ALTA EQUIPMENT GROUP INC	$1,989	–	164,900	–	0.46%	–
KN	New	KNOWLES CORP	$1,925	–	130,000	–	0.44%	–
TXRH	New	TEXAS ROADHOUSE INC	$1,926	–	20,041	–	0.44%	–
NVO	Buy	NOVO-NORDISK A Sadr	$1,874	+34.5%	20,612	+139.5%	0.43%	-44.8%
TBK	Buy	TRIUMPH FINANCIAL INC	$1,829	+23.3%	28,225	+15.6%	0.42%	-49.3%
BKNG	New	BOOKING HOLDINGS INC	$1,820	–	30	–	0.42%	–
SMTC	New	SEMTECH CORP	$1,803	–	70,000	–	0.41%	–
OPCH	New	OPTION CARE HEALTH INC	$1,779	–	55,000	–	0.41%	–
	New	P10 INC	$1,748	–	150,000	–	0.40%	–
WMT	Buy	WALMART INC	$1,725	+154.8%	10,784	+150.4%	0.40%	+4.5%
	New	CYBERARK SOFTWARE LTD	$1,645	–	500	–	0.38%	–
COST	Sell	COSTCO WHSL CORP NEW	$1,586	-4.2%	2,808	-8.7%	0.36%	-60.7%
DE	Buy	DEERE & CO	$1,510	+565.2%	4,000	+614.3%	0.35%	+172.4%
TSLA	Buy	TESLA INC	$1,509	+218.4%	6,031	+233.2%	0.35%	+31.1%
GS	Buy	GOLDMAN SACHS GROUP INC	$1,476	+287.4%	4,562	+286.0%	0.34%	+58.7%
ACA	New	ARCOSA INC	$1,438	–	20,000	–	0.33%	–
PB	New	PROSPERITY BANCSHARES INC	$1,416	–	25,948	–	0.32%	–
OAS	New	CHORD ENERGY CORPORATION	$1,357	–	8,372	–	0.31%	–
CRS	New	CARPENTER TECHNOLOGY CORP	$1,344	–	20,000	–	0.31%	–
HOMB	New	HOME BANCSHARES INC	$1,330	–	63,500	–	0.30%	–
UNP	New	UNION PAC CORP	$1,317	–	6,468	–	0.30%	–
MRK	Sell	MERCK & CO INC	$1,303	-30.8%	12,654	-22.4%	0.30%	-71.6%
PEP	Buy	PEPSICO INC	$1,280	+91.6%	7,555	+109.5%	0.29%	-21.4%
COP	Buy	CONOCOPHILLIPS	$1,273	+209.7%	10,625	+168.1%	0.29%	+27.1%
SLB	Buy	SCHLUMBERGER LTD	$1,229	+432.0%	21,078	+348.5%	0.28%	+117.8%
OKE	Sell	ONEOK INC NEW	$1,217	-70.1%	19,179	-70.9%	0.28%	-87.7%
TCBI	New	TEXAS CAP BANCSHARES INC	$1,178	–	20,000	–	0.27%	–
JPM	Sell	JPMORGAN CHASE & CO	$1,158	-32.6%	7,982	-32.4%	0.26%	-72.3%
MCD	Buy	MCDONALDS CORP	$1,147	-8.3%	4,354	+3.9%	0.26%	-62.3%
CAT	Sell	CATERPILLAR INC	$1,112	-45.7%	4,072	-51.0%	0.26%	-77.7%
ABBV	Sell	ABBVIE INC	$1,110	-63.3%	7,448	-66.8%	0.25%	-84.9%
STRS	New	STRATUS PPTYS INC	$1,096	–	40,000	–	0.25%	–
USPH	New	U S PHYSICAL THERAPY	$1,073	–	11,695	–	0.25%	–
GOOG	Sell	ALPHABET INCcap stk cl c	$1,070	+20.2%	500	-93.2%	0.24%	-50.6%
AVNW	New	AVIAT NETWORKS INC	$1,070	–	34,300	–	0.24%	–
MS	Buy	MORGAN STANLEY	$1,071	+172.5%	13,113	+185.1%	0.24%	+11.9%
CB	Buy	CHUBB LIMITED	$1,068	+157.3%	5,130	+137.9%	0.24%	+5.6%
TXN	Buy	TEXAS INSTRS INC	$1,038	+44.0%	6,525	+62.9%	0.24%	-40.8%
AZZ	New	AZZ INC	$1,023	–	22,450	–	0.23%	–
AMZN	Sell	AMAZON COM INC	$1,023	-34.8%	8,045	-33.2%	0.23%	-73.3%
LOW	Buy	LOWES COS INC	$1,018	+268.8%	4,900	+300.0%	0.23%	+51.3%
HD	Sell	HOME DEPOT INC	$993	-71.3%	3,286	-70.4%	0.23%	-88.2%
MMM	New	3M CO	$945	–	10,094	–	0.22%	–
	New	ATLAS ENERGY SOLUTIONS INC	$883	–	39,700	–	0.20%	–
BANF	New	BANCFIRST CORP	$867	–	10,000	–	0.20%	–
THS	New	TREEHOUSE FOODS INC	$824	–	18,900	–	0.19%	–
GPOR	New	GULFPORT ENERGY CORP	$783	–	6,600	–	0.18%	–
	New	NOVO-NORDISK A Sadr	$760	–	250	–	0.17%	–
PSX	New	PHILLIPS 66	$753	–	6,267	–	0.17%	–
NVGS	New	NAVIGATOR HLDGS LTD	$721	–	48,795	–	0.16%	–
PLAB	New	PHOTRONICS INC	$716	–	35,450	–	0.16%	–
FDX	Sell	FEDEX CORP	$636	-42.1%	2,402	-45.8%	0.15%	-76.2%
ICHR	New	ICHOR HOLDINGS	$635	–	20,500	–	0.14%	–
BLBD	New	BLUE BIRD CORP	$630	–	29,500	–	0.14%	–
SNBR	New	SLEEP NUMBER CORP	$601	–	24,450	–	0.14%	–
CYBR	Buy	CYBERARK SOFTWARE LTD	$584	+187.7%	3,565	+174.2%	0.13%	+18.6%
CVGW	New	CALAVO GROWERS INC	$555	–	22,000	–	0.13%	–
	New	SOUTHLAND HLDGS INC	$556	–	91,600	–	0.13%	–
TIPT	New	TIPTREE INC	$452	–	26,985	–	0.10%	–
GFF	New	GRIFFON CORP	$432	–	10,900	–	0.10%	–
JBSS	New	SANFILIPPO JOHN B & SON INC	$425	–	4,300	–	0.10%	–
GEO	Buy	GEO GROUP INC NEW	$397	+179.6%	48,550	+145.4%	0.09%	+15.2%
RSSS	New	RESEARCH SOLUTIONS INC	$387	–	154,990	–	0.09%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$350	-35.9%	1,000	-37.5%	0.08%	-73.8%
HP	New	HELMERICH & PAYNE INC	$342	–	8,108	–	0.08%	–
NOG	New	NORTHERN OIL & GAS INC	$336	–	8,350	–	0.08%	–
DXYN	New	DIXIE GROUP INCcl a	$321	–	466,282	–	0.07%	–
GLD	New	SPDR GOLD TR	$309	–	1,800	–	0.07%	–
AMGN	Sell	AMGEN INC	$295	-87.8%	1,099	-89.9%	0.07%	-95.0%
PANW	New	PALO ALTO NETWORKS INC	$299	–	1,277	–	0.07%	–
AZEK	Buy	AZEK CO INCcl a	$299	+3.8%	10,050	+5.8%	0.07%	-57.8%
MDT	Sell	MEDTRONIC PLC	$282	-67.7%	3,594	-63.7%	0.06%	-86.7%
HRI	New	HERC HLDGS INC	$285	–	2,400	–	0.06%	–
AXP	Sell	AMERICAN EXPRESS CO	$228	-90.8%	1,525	-89.2%	0.05%	-96.2%
CVX	Sell	CHEVRON CORP NEW	$224	-52.9%	1,327	-56.2%	0.05%	-80.8%
AGCO	Sell	AGCO CORP	$222	-49.5%	1,877	-44.0%	0.05%	-79.2%
DAL	Sell	DELTA AIR LINES INC DEL	$215	-46.8%	5,813	-31.7%	0.05%	-78.2%
ET	Sell	ENERGY TRANSFER L P	$165	-91.0%	11,750	-91.9%	0.04%	-96.3%
	New	SOUTHLAND HLDGS INC*w exp 09/01/202	$17	–	25,000	–	0.00%	–
MRNA	Exit	MODERNA INC	$0	–	-1,725	–	-0.12%	–
NFLX	Exit	NETFLIX INC	$0	–	-490	–	-0.12%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-655	–	-0.12%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-34,090	–	-0.13%	–
ORCL	Exit	ORACLE CORP	$0	–	-2,000	–	-0.13%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-1,450	–	-0.14%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-9,700	–	-0.14%	–
	Exit	SITIO ROYALTIES CORP	$0	–	-9,630	–	-0.14%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-575	–	-0.15%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-3,225	–	-0.15%	–
C	Exit	CITIGROUP INC	$0	–	-5,965	–	-0.15%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-2,868	–	-0.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,100	–	-0.16%	–
UAL	Exit	UNITED AIRLS HLDGS INC	$0	–	-5,530	–	-0.17%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-2,500	–	-0.18%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-3,000	–	-0.19%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-13,050	–	-0.21%	–
GMRE	Exit	GLOBAL MED REIT INC	$0	–	-41,000	–	-0.21%	–
TGT	Exit	TARGET CORP	$0	–	-2,853	–	-0.21%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,500	–	-0.21%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,531	–	-0.23%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-5,000	–	-0.24%	–
URI	Exit	UNITED RENTALS INC	$0	–	-975	–	-0.24%	–
CSWC	Exit	CAPITAL SOUTHWEST CORP	$0	–	-22,500	–	-0.25%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-2,178	–	-0.25%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-10,650	–	-0.25%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-950	–	-0.26%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-7,950	–	-0.26%	–
AEE	Exit	AMEREN CORP	$0	–	-5,738	–	-0.26%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-10,133	–	-0.27%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,243	–	-0.27%	–
F	Exit	FORD MTR CO DEL	$0	–	-32,592	–	-0.28%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,450	–	-0.28%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.29%	–
DOW	Exit	DOW INC	$0	–	-11,391	–	-0.34%	–
SO	Exit	SOUTHERN CO	$0	–	-8,990	–	-0.35%	–
CSCO	Exit	CISCO SYS INC	$0	–	-12,675	–	-0.37%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-6,331	–	-0.41%	–
CMA	Exit	COMERICA INC	$0	–	-20,608	–	-0.49%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-25,999	–	-0.52%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-25,549	–	-0.53%	–
QCOM	Exit	QUALCOMM INC	$0	–	-8,225	–	-0.55%	–
KO	Exit	COCA COLA CO	$0	–	-16,315	–	-0.55%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-11,501	–	-0.58%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-10,750	–	-0.60%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-8,307	–	-0.69%	–
VST	Exit	VISTRA CORP	$0	–	-50,063	–	-0.73%	–
CFR	Exit	CULLEN FROST BANKERS INC	$0	–	-12,608	–	-0.76%	–
T	Exit	AT&T INC	$0	–	-93,689	–	-0.83%	–
NYCB	Exit	NEW YORK CMNTY BANCORP INC	$0	–	-176,373	–	-1.11%	–
BAC	Exit	BANK AMERICA CORP	$0	–	-72,815	–	-1.16%	–
LLY	Exit	LILLY ELI & CO	$0	–	-4,625	–	-1.21%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-7,577	–	-1.21%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-12,286	–	-1.23%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-35,922	–	-1.25%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-213,981	–	-1.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-14,489	–	-1.34%	–
BX	Exit	BLACKSTONE INC	$0	–	-27,675	–	-1.44%	–
GM	Exit	GENERAL MTRS CO	$0	–	-66,994	–	-1.44%	–
BA	Exit	BOEING CO	$0	–	-12,694	–	-1.50%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$19,701	–	101,568	–	10.99%	–
TPL	New	TEXAS PACIFIC LAND CORPORATI	$13,090	–	9,943	–	7.30%	–
NVDA	New	NVIDIA CORPORATION	$6,092	–	14,402	–	3.40%	–
XOM	New	EXXON MOBIL CORP	$6,039	–	56,306	–	3.37%	–
WIRE	New	ENCORE WIRE CORP	$5,553	–	29,865	–	3.10%	–
MSFT	New	MICROSOFT CORP	$5,470	–	16,061	–	3.05%	–
UBER	New	UBER TECHNOLOGIES INC	$4,393	–	101,750	–	2.45%	–
OKE	New	ONEOK INC NEW	$4,069	–	65,923	–	2.27%	–
HD	New	HOME DEPOT INC	$3,454	–	11,120	–	1.93%	–
CHK	New	CHESAPEAKE ENERGY CORP	$3,217	–	38,448	–	1.80%	–
EXP	New	EAGLE MATLS INC	$3,101	–	16,637	–	1.73%	–
ABBV	New	ABBVIE INC	$3,021	–	22,423	–	1.68%	–
BA	New	BOEING CO	$2,680	–	12,694	–	1.50%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,590	–	64,749	–	1.44%	–
GM	New	GENERAL MTRS CO	$2,583	–	66,994	–	1.44%	–
BX	New	BLACKSTONE INC	$2,573	–	27,675	–	1.44%	–
AXP	New	AMERICAN EXPRESS CO	$2,470	–	14,181	–	1.38%	–
AMGN	New	AMGEN INC	$2,424	–	10,916	–	1.35%	–
JNJ	New	JOHNSON & JOHNSON	$2,398	–	14,489	–	1.34%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$2,307	–	137,650	–	1.29%	–
ENLC	New	ENLINK MIDSTREAM LLC	$2,268	–	213,981	–	1.26%	–
XEL	New	XCEL ENERGY INC	$2,233	–	35,922	–	1.25%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,202	–	12,286	–	1.23%	–
FB	New	META PLATFORMS INCcl a	$2,174	–	7,577	–	1.21%	–
LLY	New	LILLY ELI & CO	$2,169	–	4,625	–	1.21%	–
BAC	New	BANK AMERICA CORP	$2,089	–	72,815	–	1.16%	–
CAT	New	CATERPILLAR INC	$2,046	–	8,314	–	1.14%	–
SCHW	New	SCHWAB CHARLES CORP	$2,021	–	35,654	–	1.13%	–
ETH	New	ETHAN ALLEN INTERIORS INC	$1,998	–	70,667	–	1.12%	–
NYCB	New	NEW YORK CMNTY BANCORP INC	$1,982	–	176,373	–	1.11%	–
MRK	New	MERCK & CO INC	$1,882	–	16,310	–	1.05%	–
ET	New	ENERGY TRANSFER L P	$1,834	–	144,372	–	1.02%	–
JPM	New	JPMORGAN CHASE & CO	$1,718	–	11,815	–	0.96%	–
COST	New	COSTCO WHSL CORP NEW	$1,655	–	3,074	–	0.92%	–
AMZN	New	AMAZON COM INC	$1,569	–	12,035	–	0.88%	–
T	New	AT&T INC	$1,494	–	93,689	–	0.83%	–
TBK	New	TRIUMPH FINANCIAL INC	$1,483	–	24,422	–	0.83%	–
MU	New	MICRON TECHNOLOGY INC	$1,455	–	23,050	–	0.81%	–
CMC	New	COMMERCIAL METALS CO	$1,435	–	27,247	–	0.80%	–
NVO	New	NOVO-NORDISK A Sadr	$1,393	–	8,607	–	0.78%	–
CFR	New	CULLEN FROST BANKERS INC	$1,356	–	12,608	–	0.76%	–
VST	New	VISTRA CORP	$1,314	–	50,063	–	0.73%	–
MCD	New	MCDONALDS CORP	$1,251	–	4,191	–	0.70%	–
WHR	New	WHIRLPOOL CORP	$1,236	–	8,307	–	0.69%	–
FDX	New	FEDEX CORP	$1,099	–	4,433	–	0.61%	–
ELY	New	TOPGOLF CALLAWAY BRANDS CORP	$1,099	–	55,350	–	0.61%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,085	–	10,750	–	0.60%	–
DUK	New	DUKE ENERGY CORP NEW	$1,032	–	11,501	–	0.58%	–
KO	New	COCA COLA CO	$983	–	16,315	–	0.55%	–
QCOM	New	QUALCOMM INC	$979	–	8,225	–	0.55%	–
VZ	New	VERIZON COMMUNICATIONS INC	$950	–	25,549	–	0.53%	–
LUV	New	SOUTHWEST AIRLS CO	$941	–	25,999	–	0.52%	–
GOOG	New	ALPHABET INCcap stk cl c	$890	–	7,355	–	0.50%	–
MDT	New	MEDTRONIC PLC	$873	–	9,911	–	0.49%	–
CMA	New	COMERICA INC	$873	–	20,608	–	0.49%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$857	–	39,360	–	0.48%	–
	New	ON HLDG AGnamen akt a	$850	–	25,750	–	0.47%	–
ULCC	New	FRONTIER GROUP HLDGS INC	$849	–	87,750	–	0.47%	–
WYNN	New	WYNN RESORTS LTD	$826	–	7,826	–	0.46%	–
ATO	New	ATMOS ENERGY CORP	$737	–	6,331	–	0.41%	–
TXN	New	TEXAS INSTRS INC	$721	–	4,006	–	0.40%	–
WMT	New	WALMART INC	$677	–	4,306	–	0.38%	–
PEP	New	PEPSICO INC	$668	–	3,607	–	0.37%	–
CSCO	New	CISCO SYS INC	$656	–	12,675	–	0.37%	–
SO	New	SOUTHERN CO	$632	–	8,990	–	0.35%	–
DOW	New	DOW INC	$607	–	11,391	–	0.34%	–
ON	New	ON SEMICONDUCTOR CORP	$572	–	6,050	–	0.32%	–
ABNB	New	AIRBNB INC	$555	–	4,330	–	0.31%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$546	–	1,600	–	0.30%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$518	–	1	–	0.29%	–
HON	New	HONEYWELL INTL INC	$508	–	2,450	–	0.28%	–
BLDR	New	BUILDERS FIRSTSOURCE INC	$500	–	3,675	–	0.28%	–
F	New	FORD MTR CO DEL	$493	–	32,592	–	0.28%	–
PG	New	PROCTER AND GAMBLE CO	$492	–	3,243	–	0.27%	–
DVN	New	DEVON ENERGY CORP NEW	$490	–	10,133	–	0.27%	–
CVX	New	CHEVRON CORP NEW	$476	–	3,027	–	0.27%	–
TSLA	New	TESLA INC	$474	–	1,810	–	0.26%	–
AEE	New	AMEREN CORP	$469	–	5,738	–	0.26%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$466	–	7,950	–	0.26%	–
UNH	New	UNITEDHEALTH GROUP INC	$457	–	950	–	0.26%	–
WFC	New	WELLS FARGO CO NEW	$455	–	10,650	–	0.25%	–
PXD	New	PIONEER NAT RES CO	$451	–	2,178	–	0.25%	–
CSWC	New	CAPITAL SOUTHWEST CORP	$444	–	22,500	–	0.25%	–
AGCO	New	AGCO CORP	$440	–	3,350	–	0.24%	–
MTDR	New	MATADOR RES CO	$440	–	8,410	–	0.24%	–
URI	New	UNITED RENTALS INC	$434	–	975	–	0.24%	–
ASO	New	ACADEMY SPORTS & OUTDOORS IN	$433	–	8,012	–	0.24%	–
ATVI	New	ACTIVISION BLIZZARD INC	$422	–	5,000	–	0.24%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$418	–	6,531	–	0.23%	–
CB	New	CHUBB LIMITED	$415	–	2,156	–	0.23%	–
COP	New	CONOCOPHILLIPS	$411	–	3,963	–	0.23%	–
DAL	New	DELTA AIR LINES INC DEL	$404	–	8,505	–	0.22%	–
MS	New	MORGAN STANLEY	$393	–	4,600	–	0.22%	–
GS	New	GOLDMAN SACHS GROUP INC	$381	–	1,182	–	0.21%	–
CVS	New	CVS HEALTH CORP	$380	–	5,500	–	0.21%	–
TGT	New	TARGET CORP	$376	–	2,853	–	0.21%	–
GMRE	New	GLOBAL MED REIT INC	$374	–	41,000	–	0.21%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$372	–	13,050	–	0.21%	–
SPG	New	SIMON PPTY GROUP INC NEW	$346	–	3,000	–	0.19%	–
CNK	New	CINEMARK HLDGS INC	$342	–	20,750	–	0.19%	–
FANG	New	DIAMONDBACK ENERGY INC	$328	–	2,500	–	0.18%	–
UAL	New	UNITED AIRLS HLDGS INC	$303	–	5,530	–	0.17%	–
AZEK	New	AZEK CO INCcl a	$288	–	9,500	–	0.16%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$281	–	2,100	–	0.16%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$281	–	2,868	–	0.16%	–
LOW	New	LOWES COS INC	$276	–	1,225	–	0.15%	–
C	New	CITIGROUP INC	$275	–	5,965	–	0.15%	–
AEP	New	AMERICAN ELEC PWR CO INC	$272	–	3,225	–	0.15%	–
LMT	New	LOCKHEED MARTIN CORP	$265	–	575	–	0.15%	–
UPLD	New	UPLAND SOFTWARE INC	$257	–	71,500	–	0.14%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$252	–	9,700	–	0.14%	–
	New	SITIO ROYALTIES CORP	$253	–	9,630	–	0.14%	–
DRI	New	DARDEN RESTAURANTS INC	$242	–	1,450	–	0.14%	–
STKL	New	SUNOPTA INC	$241	–	36,000	–	0.13%	–
ORCL	New	ORACLE CORP	$238	–	2,000	–	0.13%	–
RIG	New	TRANSOCEAN LTD	$239	–	34,090	–	0.13%	–
SLB	New	SCHLUMBERGER LTD	$231	–	4,700	–	0.13%	–
DE	New	DEERE & CO	$227	–	560	–	0.13%	–
ISRG	New	INTUITIVE SURGICAL INC	$224	–	655	–	0.12%	–
NFLX	New	NETFLIX INC	$216	–	490	–	0.12%	–
MRNA	New	MODERNA INC	$210	–	1,725	–	0.12%	–
CYBR	New	CYBERARK SOFTWARE LTD	$203	–	1,300	–	0.11%	–
GEO	New	GEO GROUP INC NEW	$142	–	19,782	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	BERKSHIRE GREY INC*w exp 07/21/202	$0	–	-27,000	–	-0.00%	–
F	Exit	FORD MTR CO DEL	$0	–	-10,275	–	-0.08%	–
UPLD	Exit	UPLAND SOFTWARE INC	$0	–	-19,500	–	-0.11%	–
GEO	Exit	GEO GROUP INC NEW	$0	–	-22,392	–	-0.12%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-8,150	–	-0.14%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-986	–	-0.14%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-1,660	–	-0.14%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-1,750	–	-0.14%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,677	–	-0.15%	–
CYBR	Exit	CYBERARK SOFTWARE LTD	$0	–	-1,450	–	-0.15%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-575	–	-0.15%	–
MRNA	Exit	MODERNA INC	$0	–	-1,875	–	-0.15%	–
MNRL	Exit	BRIGHAM MINERALS INC	$0	–	-9,000	–	-0.15%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-12,850	–	-0.16%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-450	–	-0.16%	–
LOW	Exit	LOWES COS INC	$0	–	-1,225	–	-0.16%	–
STKL	Exit	SUNOPTA INC	$0	–	-25,680	–	-0.16%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-2,866	–	-0.16%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STOR	$0	–	-2,817	–	-0.18%	–
SPG	Exit	SIMON PPTY GROUP INC NEW	$0	–	-3,000	–	-0.18%	–
URI	Exit	UNITED RENTALS INC	$0	–	-1,000	–	-0.19%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-3,225	–	-0.19%	–
SAVE	Exit	SPIRIT AIRLS INC	$0	–	-15,100	–	-0.20%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,353	–	-0.20%	–
CFR	Exit	CULLEN FROST BANKERS INC	$0	–	-2,275	–	-0.21%	–
CB	Exit	CHUBB LIMITED	$0	–	-1,701	–	-0.21%	–
	Exit	ON HLDG AGnamen akt a	$0	–	-20,150	–	-0.22%	–
ASO	Exit	ACADEMY SPORTS & OUTDOORS IN	$0	–	-7,650	–	-0.22%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-5,100	–	-0.22%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,102	–	-0.22%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS IN	$0	–	-35,230	–	-0.24%	–
C	Exit	CITIGROUP INC	$0	–	-8,232	–	-0.24%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,125	–	-0.26%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDG L	$0	–	-33,360	–	-0.26%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,350	–	-0.27%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-4,900	–	-0.27%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.28%	–
MTDR	Exit	MATADOR RES CO	$0	–	-8,403	–	-0.28%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-4,915	–	-0.29%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,976	–	-0.29%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,423	–	-0.30%	–
CNK	Exit	CINEMARK HLDGS INC	$0	–	-36,400	–	-0.30%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-11,050	–	-0.31%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,348	–	-0.31%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-7,478	–	-0.31%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-6,875	–	-0.32%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-6,595	–	-0.33%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC	$0	–	-8,178	–	-0.33%	–
AEE	Exit	AMEREN CORP	$0	–	-6,238	–	-0.34%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-4,865	–	-0.39%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-9,300	–	-0.40%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,175	–	-0.40%	–
PEP	Exit	PEPSICO INC	$0	–	-3,631	–	-0.41%	–
WMT	Exit	WALMART INC	$0	–	-4,649	–	-0.41%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-12,150	–	-0.42%	–
AZEK	Exit	AZEK CO INCcl a	$0	–	-38,700	–	-0.44%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-6,900	–	-0.45%	–
GMRE	Exit	GLOBAL MED REIT INC	$0	–	-80,550	–	-0.47%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,350	–	-0.47%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-6,804	–	-0.48%	–
SO	Exit	SOUTHERN CO	$0	–	-10,395	–	-0.49%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-64,624	–	-0.49%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-7,480	–	-0.49%	–
MRK	Exit	MERCK & CO INC	$0	–	-8,427	–	-0.50%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-8,475	–	-0.55%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-7,435	–	-0.57%	–
NYCB	Exit	NEW YORK CMNTY BANCORP INC	$0	–	-105,750	–	-0.62%	–
T	Exit	AT&T INC	$0	–	-62,457	–	-0.66%	–
PFE	Exit	PFIZER INC	$0	–	-22,243	–	-0.67%	–
ELY	Exit	CALLAWAY GOLF CO	$0	–	-50,781	–	-0.67%	–
CSCO	Exit	CISCO SYS INC	$0	–	-24,598	–	-0.68%	–
KO	Exit	COCA COLA CO	$0	–	-17,603	–	-0.68%	–
BA	Exit	BOEING CO	$0	–	-8,407	–	-0.70%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-14,659	–	-0.72%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,672	–	-0.74%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-8,238	–	-0.76%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-36,615	–	-0.78%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-12,221	–	-0.78%	–
VST	Exit	VISTRA CORP	$0	–	-54,176	–	-0.78%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-8,849	–	-0.82%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-22,622	–	-0.84%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-11,862	–	-0.85%	–
AMZN	Exit	AMAZON COM INC	$0	–	-11,056	–	-0.86%	–
TGT	Exit	TARGET CORP	$0	–	-8,479	–	-0.87%	–
EXP	Exit	EAGLE MATLS INC	$0	–	-11,837	–	-0.87%	–
CAT	Exit	CATERPILLAR INC	$0	–	-7,757	–	-0.88%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,708	–	-0.88%	–
BX	Exit	BLACKSTONE INC	$0	–	-15,725	–	-0.90%	–
UBER	Exit	UBER TECHNOLOGIES INC	$0	–	-50,175	–	-0.91%	–
LLY	Exit	LILLY ELI & CO	$0	–	-4,123	–	-0.92%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-36,349	–	-0.95%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-51,636	–	-0.97%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-12,476	–	-1.04%	–
CMA	Exit	COMERICA INC	$0	–	-21,820	–	-1.07%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-119,150	–	-1.10%	–
FDX	Exit	FEDEX CORP	$0	–	-11,209	–	-1.14%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-10,360	–	-1.15%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-13,252	–	-1.23%	–
ETH	Exit	ETHAN ALLEN INTERIORS INC	$0	–	-101,836	–	-1.48%	–
WIRE	Exit	ENCORE WIRE CORP	$0	–	-20,275	–	-1.61%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-39,763	–	-1.75%	–
QCOM	Exit	QUALCOMM INC	$0	–	-23,916	–	-1.86%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-90,223	–	-1.87%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-321,132	–	-1.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-18,558	–	-2.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-11,455	–	-2.17%	–
OKE	Exit	ONEOK INC NEW	$0	–	-63,202	–	-2.23%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-96,631	–	-2.36%	–
ABBV	Exit	ABBVIE INC	$0	–	-26,100	–	-2.41%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-16,733	–	-2.68%	–
GM	Exit	GENERAL MTRS CO	$0	–	-138,327	–	-3.06%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-56,645	–	-3.40%	–
AAPL	Exit	APPLE INC	$0	–	-100,505	–	-9.54%	–
TPL	Exit	TEXAS PACIFIC LAND CORPORATI	$0	–	-11,313	–	-13.81%	–

Q3 2022

			Value		Shares		↓ Weighting
TPL	Sell	TEXAS PACIFIC LAND CORPORATI	$20,106,000	+17.2%	11,313	-1.9%	13.81%	+19.5%
AAPL	Sell	APPLE INC	$13,890,000	+1.0%	100,505	-0.0%	9.54%	+3.0%
XOM	Sell	EXXON MOBIL CORP	$4,952,000	+1.4%	56,645	-0.7%	3.40%	+3.3%
GM	Buy	GENERAL MTRS CO	$4,446,000	+13.9%	138,327	+12.5%	3.06%	+16.1%
MSFT	Buy	MICROSOFT CORP	$3,897,000	-8.9%	16,733	+0.5%	2.68%	-7.1%
ABBV	Sell	ABBVIE INC	$3,513,000	-13.5%	26,100	-1.6%	2.41%	-11.8%
CMC	Buy	COMMERCIAL METALS CO	$3,429,000	+7.2%	96,631	+0.0%	2.36%	+9.3%
OKE	Buy	ONEOK INC NEW	$3,240,000	-7.2%	63,202	+0.4%	2.23%	-5.4%
HD	Sell	HOME DEPOT INC	$3,161,000	-0.1%	11,455	-0.7%	2.17%	+1.9%
JNJ	Sell	JOHNSON & JOHNSON	$3,033,000	-8.3%	18,558	-0.5%	2.08%	-6.5%
ENLC	Buy	ENLINK MIDSTREAM LLC	$2,855,000	+5.1%	321,132	+0.5%	1.96%	+7.2%
BAC	Buy	BK OF AMERICA CORP	$2,726,000	-0.4%	90,223	+2.7%	1.87%	+1.5%
QCOM	Buy	QUALCOMM INC	$2,703,000	-6.9%	23,916	+5.3%	1.86%	-5.1%
XEL	Sell	XCEL ENERGY INC	$2,547,000	-13.0%	39,763	-3.9%	1.75%	-11.3%
WIRE	Sell	ENCORE WIRE CORP	$2,344,000	+10.8%	20,275	-0.4%	1.61%	+13.1%
ETH	Buy	ETHAN ALLEN INTERIORS INC	$2,154,000	+6.1%	101,836	+1.4%	1.48%	+8.2%
AXP	Buy	AMERICAN EXPRESS CO	$1,791,000	+59.1%	13,252	+63.1%	1.23%	+62.2%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$1,674,000	+11.5%	10,360	+25.9%	1.15%	+13.6%
FDX	Sell	FEDEX CORP	$1,666,000	-45.2%	11,209	-16.4%	1.14%	-44.1%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$1,606,000	-9.9%	119,150	+2.8%	1.10%	-8.2%
CMA	Sell	COMERICA INC	$1,553,000	-3.3%	21,820	-0.1%	1.07%	-1.4%
NVDA	Sell	NVIDIA CORPORATION	$1,515,000	-25.0%	12,476	-6.3%	1.04%	-23.5%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$1,415,000	+19.9%	51,636	+28.0%	0.97%	+22.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,382,000	-42.8%	36,349	-23.7%	0.95%	-41.7%
LLY	Buy	LILLY ELI & CO	$1,333,000	+15.9%	4,123	+16.2%	0.92%	+18.2%
UBER	Buy	UBER TECHNOLOGIES INC	$1,330,000	+56.8%	50,175	+21.1%	0.91%	+59.8%
BX	Buy	BLACKSTONE INC	$1,316,000	+6.4%	15,725	+16.0%	0.90%	+8.4%
COST	Buy	COSTCO WHSL CORP NEW	$1,279,000	-1.4%	2,708	+0.1%	0.88%	+0.6%
CAT	Buy	CATERPILLAR INC	$1,274,000	-4.5%	7,757	+4.0%	0.88%	-2.7%
EXP	Buy	EAGLE MATLS INC	$1,268,000	+4.8%	11,837	+7.5%	0.87%	+6.9%
TGT	Sell	TARGET CORP	$1,260,000	+1.9%	8,479	-3.1%	0.87%	+4.0%
AMZN	Buy	AMAZON COM INC	$1,249,000	+63.5%	11,056	+53.8%	0.86%	+66.6%
JPM	Buy	JPMORGAN CHASE & CO	$1,240,000	-5.3%	11,862	+1.9%	0.85%	-3.5%
TBK	Buy	TRIUMPH BANCORP INC	$1,230,000	-11.5%	22,622	+1.8%	0.84%	-9.8%
FB	Sell	META PLATFORMS INCcl a	$1,201,000	-34.8%	8,849	-22.5%	0.82%	-33.5%
VST	New	VISTRA CORP	$1,138,000	–	54,176	–	0.78%	–
DUK	Sell	DUKE ENERGY CORP NEW	$1,137,000	-19.8%	12,221	-7.6%	0.78%	-18.2%
LUV	Sell	SOUTHWEST AIRLS CO	$1,131,000	-17.6%	36,615	-3.7%	0.78%	-16.0%
WHR	Buy	WHIRLPOOL CORP	$1,113,000	-5.6%	8,238	+8.2%	0.76%	-3.8%
MCD	Buy	MCDONALDS CORP	$1,080,000	-6.2%	4,672	+0.2%	0.74%	-4.4%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,042,000	-7.7%	14,659	+0.0%	0.72%	-5.9%
BA	Buy	BOEING CO	$1,018,000	-8.0%	8,407	+3.8%	0.70%	-6.3%
KO	Sell	COCA COLA CO	$986,000	-11.2%	17,603	-0.2%	0.68%	-9.5%
CSCO	Sell	CISCO SYS INC	$984,000	-16.6%	24,598	-11.1%	0.68%	-15.0%
ELY	Sell	CALLAWAY GOLF CO	$978,000	-6.0%	50,781	-0.4%	0.67%	-4.1%
PFE	Sell	PFIZER INC	$973,000	-51.9%	22,243	-42.4%	0.67%	-50.9%
T	Buy	AT&T INC	$958,000	-19.0%	62,457	+10.6%	0.66%	-17.4%
NYCB	Buy	NEW YORK CMNTY BANCORP INC	$902,000	+5.4%	105,750	+12.8%	0.62%	+7.5%
PKG	Buy	PACKAGING CORP AMER	$835,000	-8.8%	7,435	+11.6%	0.57%	-7.0%
CHK	New	CHESAPEAKE ENERGY CORP	$798,000	–	8,475	–	0.55%	–
MRK	Buy	MERCK & CO INC	$726,000	+26.5%	8,427	+34.0%	0.50%	+28.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$719,000	-12.1%	7,480	+1900.0%	0.49%	-10.3%
SO	Sell	SOUTHERN CO	$707,000	-6.2%	10,395	-1.7%	0.49%	-4.3%
ATO	Sell	ATMOS ENERGY CORP	$693,000	-15.6%	6,804	-7.1%	0.48%	-13.9%
GS	Buy	GOLDMAN SACHS GROUP INC	$689,000	+5.5%	2,350	+6.8%	0.47%	+7.5%
GMRE	Buy	GLOBAL MED REIT INC	$686,000	-12.2%	80,550	+15.8%	0.47%	-10.5%
CVS	Sell	CVS HEALTH CORP	$658,000	-22.2%	6,900	-24.4%	0.45%	-20.7%
AZEK	Buy	AZEK CO INCcl a	$643,000	+4.4%	38,700	+5.2%	0.44%	+6.5%
MU	Buy	MICRON TECHNOLOGY INC	$609,000	-4.5%	12,150	+5.3%	0.42%	-2.8%
WMT	Sell	WALMART INC	$603,000	+0.2%	4,649	-6.0%	0.41%	+2.0%
PEP	Sell	PEPSICO INC	$593,000	-3.3%	3,631	-1.3%	0.41%	-1.5%
ON	Sell	ON SEMICONDUCTOR CORP	$580,000	+20.8%	9,300	-2.6%	0.40%	+23.5%
WSM	Sell	WILLIAMS SONOMA INC	$573,000	-15.1%	4,865	-20.1%	0.39%	-13.4%
BLDR	Sell	BUILDERS FIRSTSOURCE INC	$482,000	-0.6%	8,178	-9.5%	0.33%	+1.2%
SCHW	Sell	SCHWAB CHARLES CORP	$474,000	+12.1%	6,595	-1.6%	0.33%	+14.4%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$471,000	+14.6%	6,875	+36.8%	0.32%	+17.0%
DVN	New	DEVON ENERGY CORP NEW	$450,000	–	7,478	–	0.31%	–
WFC	Buy	WELLS FARGO CO NEW	$445,000	+4.7%	11,050	+1.8%	0.31%	+7.0%
COP	Buy	CONOCOPHILLIPS	$445,000	+22.3%	4,348	+7.4%	0.31%	+24.9%
CNK	Buy	CINEMARK HLDGS INC	$441,000	-17.7%	36,400	+2.0%	0.30%	-16.1%
PG	Sell	PROCTER AND GAMBLE CO	$432,000	-13.4%	3,423	-1.3%	0.30%	-11.6%
CVX	Sell	CHEVRON CORP NEW	$428,000	-3.2%	2,976	-2.5%	0.29%	-1.3%
PYPL	Sell	PAYPAL HLDGS INC	$423,000	+8.7%	4,915	-11.7%	0.29%	+11.1%
MTDR	Buy	MATADOR RES CO	$411,000	+5.1%	8,403	+0.0%	0.28%	+6.8%
HON	Sell	HONEYWELL INTL INC	$393,000	-7.7%	2,350	-4.1%	0.27%	-5.9%
NCLH	Buy	NORWEGIAN CRUISE LINE HLDG L	$379,000	+11.1%	33,360	+8.6%	0.26%	+13.0%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$371,000	-13.1%	3,125	+3.3%	0.26%	-11.5%
AEO	Sell	AMERICAN EAGLE OUTFITTERS IN	$343,000	-73.4%	35,230	-69.4%	0.24%	-72.8%
C	Buy	CITIGROUP INC	$343,000	+9.2%	8,232	+20.5%	0.24%	+11.3%
TXN	Buy	TEXAS INSTRS INC	$325,000	+0.6%	2,102	+0.0%	0.22%	+2.3%
	Buy	ON HLDG AGnamen akt a	$323,000	+4.9%	20,150	+15.8%	0.22%	+6.7%
ASO	Sell	ACADEMY SPORTS & OUTDOORS IN	$323,000	+15.8%	7,650	-2.5%	0.22%	+18.1%
CB	Buy	CHUBB LIMITED	$309,000	-7.5%	1,701	+0.1%	0.21%	-5.8%
PXD	Buy	PIONEER NAT RES CO	$293,000	-2.7%	1,353	+0.3%	0.20%	-1.0%
SAVE	Sell	SPIRIT AIRLS INC	$284,000	-26.2%	15,100	-6.5%	0.20%	-24.7%
SPG	Buy	SIMON PPTY GROUP INC NEW	$269,000	+6.7%	3,000	+13.2%	0.18%	+8.8%
CBRL	Sell	CRACKER BARREL OLD CTRY STOR	$261,000	+5.2%	2,817	-5.1%	0.18%	+7.2%
STKL	Sell	SUNOPTA INC	$234,000	+12.5%	25,680	-3.7%	0.16%	+15.0%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$235,000	-27.2%	2,866	-14.8%	0.16%	-26.1%
UNH	New	UNITEDHEALTH GROUP INC	$227,000	–	450	–	0.16%	–
CYBR	New	CYBERARK SOFTWARE LTD	$217,000	–	1,450	–	0.15%	–
MDT	Sell	MEDTRONIC PLC	$216,000	-69.6%	2,677	-66.2%	0.15%	-69.1%
FANG	Buy	DIAMONDBACK ENERGY INC	$211,000	+2.4%	1,750	+2.9%	0.14%	+4.3%
DRI	New	DARDEN RESTAURANTS INC	$210,000	–	1,660	–	0.14%	–
SHW	Sell	SHERWIN WILLIAMS CO	$202,000	-29.6%	986	-23.1%	0.14%	-28.0%
GEO	Sell	GEO GROUP INC NEW	$172,000	+5.5%	22,392	-9.1%	0.12%	+7.3%
UPLD	Sell	UPLAND SOFTWARE INC	$159,000	-46.3%	19,500	-4.4%	0.11%	-45.2%
F	New	FORD MTR CO DEL	$115,000	–	10,275	–	0.08%	–
PEAK	Exit	HEALTHPEAK PROPERTIES INC	$0	–	-9,074	–	-0.16%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-6,433	–	-0.16%	–
NCR	Exit	NCR CORP NEW	$0	–	-9,350	–	-0.20%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-12,934	–	-0.36%	–
GLD	Exit	SPDR GOLD TR	$0	–	-3,518	–	-0.40%	–

Q2 2022

			Value		Shares		↓ Weighting
TPL	New	TEXAS PACIFIC LAND CORPORATI	$17,154,000	–	11,528	–	11.56%	–
AAPL	New	APPLE INC	$13,748,000	–	100,553	–	9.26%	–
XOM	New	EXXON MOBIL CORP	$4,884,000	–	57,018	–	3.29%	–
MSFT	New	MICROSOFT CORP	$4,277,000	–	16,655	–	2.88%	–
ABBV	New	ABBVIE INC	$4,062,000	–	26,517	–	2.74%	–
GM	New	GENERAL MTRS CO	$3,905,000	–	122,942	–	2.63%	–
OKE	New	ONEOK INC NEW	$3,492,000	–	62,924	–	2.35%	–
JNJ	New	JOHNSON & JOHNSON	$3,309,000	–	18,644	–	2.23%	–
CMC	New	COMMERCIAL METALS CO	$3,198,000	–	96,616	–	2.16%	–
HD	New	HOME DEPOT INC	$3,163,000	–	11,534	–	2.13%	–
FDX	New	FEDEX CORP	$3,039,000	–	13,406	–	2.05%	–
XEL	New	XCEL ENERGY INC	$2,926,000	–	41,396	–	1.97%	–
QCOM	New	QUALCOMM INC	$2,902,000	–	22,715	–	1.96%	–
BAC	New	BK OF AMERICA CORP	$2,737,000	–	87,853	–	1.84%	–
ENLC	New	ENLINK MIDSTREAM LLC	$2,716,000	–	319,558	–	1.83%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,418,000	–	47,635	–	1.63%	–
WIRE	New	ENCORE WIRE CORP	$2,115,000	–	20,350	–	1.42%	–
ETH	New	ETHAN ALLEN INTERIORS INC	$2,030,000	–	100,431	–	1.37%	–
PFE	New	PFIZER INC	$2,023,000	–	38,592	–	1.36%	–
NVDA	New	NVIDIA CORPORATION	$2,019,000	–	13,321	–	1.36%	–
FB	New	FACEBOOK INCcl a	$1,842,000	–	11,423	–	1.24%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$1,782,000	–	115,950	–	1.20%	–
CMA	New	COMERICA INC	$1,606,000	–	21,849	–	1.08%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$1,502,000	–	8,231	–	1.01%	–
DUK	New	DUKE ENERGY CORP NEW	$1,417,000	–	13,221	–	0.96%	–
TBK	New	TRIUMPH BANCORP INC	$1,390,000	–	22,222	–	0.94%	–
LUV	New	SOUTHWEST AIRLS CO	$1,373,000	–	38,015	–	0.92%	–
CAT	New	CATERPILLAR INC	$1,334,000	–	7,456	–	0.90%	–
JPM	New	JPMORGAN CHASE & CO	$1,310,000	–	11,636	–	0.88%	–
COST	New	COSTCO WHSL CORP NEW	$1,297,000	–	2,705	–	0.87%	–
AEO	New	AMERICAN EAGLE OUTFITTERS IN	$1,289,000	–	115,275	–	0.87%	–
BX	New	BLACKSTONE GROUP INC	$1,237,000	–	13,560	–	0.83%	–
TGT	New	TARGET CORP	$1,236,000	–	8,753	–	0.83%	–
EXP	New	EAGLE MATLS INC	$1,210,000	–	11,010	–	0.82%	–
T	New	AT&T INC	$1,183,000	–	56,455	–	0.80%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$1,180,000	–	40,334	–	0.80%	–
CSCO	New	CISCO SYS INC	$1,180,000	–	27,669	–	0.80%	–
WHR	New	WHIRLPOOL CORP	$1,179,000	–	7,611	–	0.80%	–
MCD	New	MCDONALDS CORP	$1,152,000	–	4,665	–	0.78%	–
LLY	New	LILLY ELI & CO	$1,150,000	–	3,547	–	0.78%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,129,000	–	14,657	–	0.76%	–
AXP	New	AMERICAN EXPRESS CO	$1,126,000	–	8,125	–	0.76%	–
KO	New	COCA COLA CO	$1,110,000	–	17,643	–	0.75%	–
BA	New	BOEING CO	$1,107,000	–	8,096	–	0.75%	–
ELY	New	CALLAWAY GOLF CO	$1,040,000	–	50,981	–	0.70%	–
PKG	New	PACKAGING CORP AMER	$916,000	–	6,660	–	0.62%	–
NYCB	New	NEW YORK CMNTY BANCORP INC	$856,000	–	93,750	–	0.58%	–
UBER	New	UBER TECHNOLOGIES INC	$848,000	–	41,425	–	0.57%	–
CVS	New	CVS HEALTH CORP	$846,000	–	9,133	–	0.57%	–
ATO	New	ATMOS ENERGY CORP	$821,000	–	7,326	–	0.55%	–
GOOG	New	ALPHABET INCcap stk cl c	$818,000	–	374	–	0.55%	–
GMRE	New	GLOBAL MED REIT INC	$781,000	–	69,550	–	0.53%	–
AMZN	New	AMAZON COM INC	$764,000	–	7,190	–	0.52%	–
SO	New	SOUTHERN CO	$754,000	–	10,575	–	0.51%	–
MDT	New	MEDTRONIC PLC	$711,000	–	7,921	–	0.48%	–
WSM	New	WILLIAMS SONOMA INC	$675,000	–	6,088	–	0.46%	–
GS	New	GOLDMAN SACHS GROUP INC	$653,000	–	2,200	–	0.44%	–
ET	New	ENERGY TRANSFER LP	$645,000	–	64,624	–	0.44%	–
MU	New	MICRON TECHNOLOGY INC	$638,000	–	11,535	–	0.43%	–
AZEK	New	AZEK CO INCcl a	$616,000	–	36,775	–	0.42%	–
PEP	New	PEPSICO INC	$613,000	–	3,677	–	0.41%	–
WMT	New	WALMART INC	$602,000	–	4,948	–	0.41%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$594,000	–	2,175	–	0.40%	–
GLD	New	SPDR GOLD TR	$593,000	–	3,518	–	0.40%	–
MRK	New	MERCK & CO. INC	$574,000	–	6,291	–	0.39%	–
AEE	New	AMEREN CORP	$563,000	–	6,238	–	0.38%	–
IP	New	INTERNATIONAL PAPER CO	$541,000	–	12,934	–	0.36%	–
CNK	New	CINEMARK HLDGS INC	$536,000	–	35,700	–	0.36%	–
PG	New	PROCTER AND GAMBLE CO	$499,000	–	3,467	–	0.34%	–
BLDR	New	BUILDERS FIRSTSOURCE INC	$485,000	–	9,040	–	0.33%	–
ON	New	ON SEMICONDUCTOR CORP	$480,000	–	9,550	–	0.32%	–
CVX	New	CHEVRON CORP NEW	$442,000	–	3,051	–	0.30%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$427,000	–	3,025	–	0.29%	–
HON	New	HONEYWELL INTL INC	$426,000	–	2,450	–	0.29%	–
WFC	New	WELLS FARGO CO NEW	$425,000	–	10,850	–	0.29%	–
SCHW	New	SCHWAB CHARLES CORP	$423,000	–	6,700	–	0.28%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$411,000	–	5,025	–	0.28%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$409,000	–	1	–	0.28%	–
MTDR	New	MATADOR RES CO	$391,000	–	8,401	–	0.26%	–
AMD	New	ADVANCED MICRO DEVICES INC	$390,000	–	5,100	–	0.26%	–
PYPL	New	PAYPAL HLDGS INC	$389,000	–	5,565	–	0.26%	–
SAVE	New	SPIRIT AIRLS INC	$385,000	–	16,150	–	0.26%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$380,000	–	4,900	–	0.26%	–
COP	New	CONOCOPHILLIPS	$364,000	–	4,048	–	0.24%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$341,000	–	30,710	–	0.23%	–
CB	New	CHUBB LIMITED	$334,000	–	1,700	–	0.22%	–
TXN	New	TEXAS INSTRS INC	$323,000	–	2,101	–	0.22%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$323,000	–	3,365	–	0.22%	–
C	New	CITIGROUP INC	$314,000	–	6,829	–	0.21%	–
AEP	New	AMERICAN ELEC PWR CO INC	$309,000	–	3,225	–	0.21%	–
	New	ON HLDG AGnamen akt a	$308,000	–	17,400	–	0.21%	–
PXD	New	PIONEER NAT RES CO	$301,000	–	1,349	–	0.20%	–
UPLD	New	UPLAND SOFTWARE INC	$296,000	–	20,400	–	0.20%	–
NCR	New	NCR CORP NEW	$291,000	–	9,350	–	0.20%	–
SHW	New	SHERWIN WILLIAMS CO	$287,000	–	1,283	–	0.19%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$279,000	–	12,850	–	0.19%	–
ASO	New	ACADEMY SPORTS & OUTDOORS IN	$279,000	–	7,850	–	0.19%	–
MRNA	New	MODERNA INC	$268,000	–	1,875	–	0.18%	–
CFR	New	CULLEN FROST BANKERS INC	$265,000	–	2,275	–	0.18%	–
SPG	New	SIMON PPTY GROUP INC NEW	$252,000	–	2,650	–	0.17%	–
CBRL	New	CRACKER BARREL OLD CTRY STOR	$248,000	–	2,967	–	0.17%	–
LMT	New	LOCKHEED MARTIN CORP	$247,000	–	575	–	0.17%	–
KHC	New	KRAFT HEINZ CO	$245,000	–	6,433	–	0.16%	–
URI	New	UNITED RENTALS INC	$243,000	–	1,000	–	0.16%	–
PEAK	New	HEALTHPEAK PROPERTIES INC	$235,000	–	9,074	–	0.16%	–
MNRL	New	BRIGHAM MINERALS INC	$222,000	–	9,000	–	0.15%	–
LOW	New	LOWES COS INC	$214,000	–	1,225	–	0.14%	–
RLJPRA	New	RLJ LODGING TRcum conv pfd a	$211,000	–	8,150	–	0.14%	–
STKL	New	SUNOPTA INC	$208,000	–	26,680	–	0.14%	–
FANG	New	DIAMONDBACK ENERGY INC	$206,000	–	1,700	–	0.14%	–
GEO	New	GEO GROUP INC NEW	$163,000	–	24,642	–	0.11%	–
	New	BERKSHIRE GREY INC*w exp 07/21/202	$5,000	–	27,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
RAACW	Exit	REVOLUTION ACCELERTN*w exp 12/01/202	$0	–	-27,000	–	-0.02%	–
ADT	Exit	ADT INC DEL	$0	–	-14,530	–	-0.08%	–
STKL	Exit	SUNOPTA INC	$0	–	-16,000	–	-0.10%	–
NYCB	Exit	NEW YORK CMNTY BANCO	$0	–	-13,000	–	-0.12%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-4,350	–	-0.14%	–
MCD	Exit	MCDONALDS CORP	$0	–	-892	–	-0.15%	–
UBER	Exit	UBER TECHNOLOGIES IN	$0	–	-5,100	–	-0.16%	–
CCS	Exit	CENTURY CMNTYS INC	$0	–	-3,875	–	-0.16%	–
NXPI	Exit	NXP SEMICONDUCTORS N	$0	–	-1,240	–	-0.17%	–
DKNG	Exit	DRAFTKINGS INC	$0	–	-5,050	–	-0.17%	–
NCR	Exit	NCR CORP NEW	$0	–	-6,400	–	-0.17%	–
AEO	Exit	AMERICAN EAGLE OUTFI	$0	–	-10,000	–	-0.18%	–
CAL	Exit	CALERES INC	$0	–	-11,600	–	-0.18%	–
MNRL	Exit	BRIGHAM MINERALS INC	$0	–	-13,500	–	-0.18%	–
XRX	Exit	XEROX HOLDINGS CORP	$0	–	-13,047	–	-0.18%	–
VTR	Exit	VENTAS INC	$0	–	-4,900	–	-0.19%	–
ADM	Exit	ARCHER DANIELS MIDLA	$0	–	-4,550	–	-0.19%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-3,355	–	-0.19%	–
C	Exit	CITIGROUP INC	$0	–	-3,975	–	-0.19%	–
LOW	Exit	LOWES COS INC	$0	–	-1,400	–	-0.20%	–
SPG	Exit	SIMON PPTY GROUP INC	$0	–	-2,200	–	-0.20%	–
GEO	Exit	GEO GROUP INC NEW	$0	–	-38,733	–	-0.20%	–
RHP	Exit	RYMAN HOSPITALITY PP	$0	–	-3,500	–	-0.20%	–
MU	Exit	MICRON TECHNOLOGY IN	$0	–	-4,200	–	-0.21%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-2,600	–	-0.21%	–
UPLD	Exit	UPLAND SOFTWARE INC	$0	–	-9,100	–	-0.21%	–
CB	Exit	CHUBB LIMITED	$0	–	-1,750	–	-0.21%	–
TSM	Exit	TAIWAN SEMICONDUCTORsponsored ads	$0	–	-2,834	–	-0.22%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,750	–	-0.23%	–
GS	Exit	GOLDMAN SACHS GROUP	$0	–	-900	–	-0.24%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,457	–	-0.24%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-12,100	–	-0.25%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,050	–	-0.25%	–
TGT	Exit	TARGET CORP	$0	–	-1,651	–	-0.26%	–
RTX	Exit	RAYTHEON TECHNOLOGIE	$0	–	-4,463	–	-0.26%	–
MPW	Exit	MEDICAL PPTYS TRUST	$0	–	-19,162	–	-0.27%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,125	–	-0.27%	–
ABNB	Exit	AIRBNB INC	$0	–	-2,400	–	-0.28%	–
PEAK	Exit	HEALTHPEAK PROPERTIE	$0	–	-12,071	–	-0.28%	–
CNK	Exit	CINEMARK HLDGS INC	$0	–	-21,400	–	-0.28%	–
BRKA	Exit	BERKSHIRE HATHAWAY Icl a	$0	–	-1	–	-0.28%	–
ET	Exit	ENERGY TRANSFER L P	$0	–	-44,374	–	-0.29%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,076	–	-0.32%	–
PG	Exit	PROCTER AND GAMBLE C	$0	–	-3,341	–	-0.32%	–
PEP	Exit	PEPSICO INC	$0	–	-3,170	–	-0.33%	–
ON	Exit	ON SEMICONDUCTOR COR	$0	–	-10,450	–	-0.33%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-13,774	–	-0.35%	–
CFR	Exit	CULLEN FROST BANKERS	$0	–	-4,380	–	-0.36%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,012	–	-0.36%	–
SAVE	Exit	SPIRIT AIRLS INC	$0	–	-20,375	–	-0.36%	–
CBRL	Exit	CRACKER BARREL OLD C	$0	–	-3,915	–	-0.38%	–
URI	Exit	UNITED RENTALS INC	$0	–	-1,600	–	-0.39%	–
AEE	Exit	AMEREN CORP	$0	–	-6,938	–	-0.39%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,675	–	-0.39%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-17,784	–	-0.40%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-8,300	–	-0.42%	–
SIX	Exit	SIX FLAGS ENTMT CORP	$0	–	-14,850	–	-0.44%	–
SO	Exit	SOUTHERN CO	$0	–	-10,823	–	-0.46%	–
AMZN	Exit	AMAZON COM INC	$0	–	-207	–	-0.47%	–
MTDR	Exit	MATADOR RES CO	$0	–	-18,050	–	-0.47%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,583	–	-0.49%	–
BLDR	Exit	BUILDERS FIRSTSOURCE	$0	–	-14,225	–	-0.51%	–
JWN	Exit	NORDSTROM INC	$0	–	-27,875	–	-0.51%	–
MRNA	Exit	MODERNA INC	$0	–	-1,915	–	-0.51%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-4,200	–	-0.51%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-295	–	-0.54%	–
BRKB	Exit	BERKSHIRE HATHAWAY Icl b new	$0	–	-3,025	–	-0.57%	–
GMRE	Exit	GLOBAL MED REIT INC	$0	–	-56,550	–	-0.57%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-9,740	–	-0.59%	–
DB	Exit	DEUTSCHE BANK A Gnamen akt	$0	–	-68,615	–	-0.60%	–
KO	Exit	COCA COLA CO	$0	–	-17,164	–	-0.62%	–
ELY	Exit	CALLAWAY GOLF CO	$0	–	-34,281	–	-0.65%	–
GDRX	Exit	GOODRX HLDGS INC	$0	–	-23,950	–	-0.68%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-10,300	–	-0.71%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-17,496	–	-0.71%	–
ETH	Exit	ETHAN ALLEN INTERIOR	$0	–	-44,375	–	-0.73%	–
LLY	Exit	LILLY ELI & CO	$0	–	-4,600	–	-0.73%	–
IBM	Exit	INTERNATIONAL BUSINE	$0	–	-7,695	–	-0.74%	–
LAZ	Exit	LAZARD LTD	$0	–	-23,765	–	-0.75%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-5,905	–	-0.83%	–
WMT	Exit	WALMART INC	$0	–	-9,150	–	-0.88%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-6,171	–	-0.88%	–
NCLH	Exit	NORWEGIAN CRUISE LIN	$0	–	-48,150	–	-0.89%	–
CAT	Exit	CATERPILLAR INC	$0	–	-6,823	–	-0.90%	–
DOW	Exit	DOW INC	$0	–	-22,966	–	-0.91%	–
UPS	Exit	UNITED PARCEL SERVICcl b	$0	–	-7,331	–	-0.92%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,219	–	-0.96%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-14,933	–	-1.01%	–
TMHC	Exit	TAYLOR MORRISON HOME	$0	–	-59,200	–	-1.05%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-4,823	–	-1.13%	–
CMA	Exit	COMERICA INC	$0	–	-20,397	–	-1.13%	–
WIRE	Exit	ENCORE WIRE CORP	$0	–	-18,100	–	-1.18%	–
GLD	Exit	SPDR GOLD TR	$0	–	-10,818	–	-1.23%	–
EXP	Exit	EAGLE MATLS INC	$0	–	-13,832	–	-1.25%	–
CSCO	Exit	CISCO SYS INC	$0	–	-33,346	–	-1.25%	–
FDX	Exit	FEDEX CORP	$0	–	-8,356	–	-1.26%	–
PFE	Exit	PFIZER INC	$0	–	-42,619	–	-1.26%	–
T	Exit	AT&T INC	$0	–	-68,530	–	-1.28%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-12,175	–	-1.38%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-24,861	–	-1.46%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-44,878	–	-1.59%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-43,333	–	-1.62%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-343,894	–	-1.62%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-42,555	–	-1.84%	–
AAPL	Exit	APPLE INC	$0	–	-18,874	–	-1.84%	–
CLF	Exit	CLEVELAND-CLIFFS INC	$0	–	-134,979	–	-1.85%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,541	–	-1.94%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-66,779	–	-1.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-17,733	–	-1.98%	–
QCOM	Exit	QUALCOMM INC	$0	–	-22,702	–	-2.02%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-53,645	–	-2.07%	–
BA	Exit	BOEING CO	$0	–	-13,656	–	-2.07%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,127	–	-2.16%	–
ABBV	Exit	ABBVIE INC	$0	–	-31,330	–	-2.33%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-58,785	–	-2.39%	–
OKE	Exit	ONEOK INC NEW	$0	–	-80,038	–	-3.20%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-153,106	–	-3.22%	–
GM	Exit	GENERAL MTRS CO	$0	–	-91,987	–	-3.35%	–
TPL	Exit	TEXAS PACIFIC LAND C	$0	–	-12,932	–	-10.79%	–

Q3 2021

			Value		Shares		↓ Weighting
TPL	Sell	TEXAS PACIFIC LAND C	$15,639,000	-31.9%	12,932	-9.9%	10.79%	-28.2%
GM	Buy	GENERAL MTRS CO	$4,849,000	+13.1%	91,987	+27.0%	3.35%	+19.1%
CMC	Sell	COMMERCIAL METALS CO	$4,664,000	-15.2%	153,106	-14.5%	3.22%	-10.7%
OKE	Buy	ONEOK INC NEW	$4,641,000	+4.7%	80,038	+0.5%	3.20%	+10.3%
XOM	Buy	EXXON MOBIL CORP	$3,458,000	-3.2%	58,785	+3.8%	2.39%	+2.0%
ABBV	Buy	ABBVIE INC	$3,380,000	-2.6%	31,330	+1.6%	2.33%	+2.5%
MSFT	Buy	MICROSOFT CORP	$3,137,000	+11.7%	11,127	+7.3%	2.16%	+17.6%
BA	Sell	BOEING CO	$3,004,000	-11.7%	13,656	-3.9%	2.07%	-7.0%
IP	Sell	INTERNATIONAL PAPER	$3,000,000	-14.0%	53,645	-5.7%	2.07%	-9.4%
QCOM	Buy	QUALCOMM INC	$2,928,000	-6.9%	22,702	+3.1%	2.02%	-2.0%
JNJ	Sell	JOHNSON & JOHNSON	$2,864,000	-4.8%	17,733	-2.9%	1.98%	+0.3%
BAC	Buy	BK OF AMERICA CORP	$2,835,000	+4.5%	66,779	+1.5%	1.96%	+10.1%
HD	Buy	HOME DEPOT INC	$2,804,000	+7.2%	8,541	+4.2%	1.94%	+12.9%
CLF	Sell	CLEVELAND-CLIFFS INC	$2,674,000	-15.5%	134,979	-8.1%	1.85%	-11.0%
AAPL	Buy	APPLE INC	$2,671,000	+38.6%	18,874	+34.1%	1.84%	+46.0%
XEL	Buy	XCEL ENERGY INC	$2,660,000	+2.9%	42,555	+8.4%	1.84%	+8.3%
ENLC	Sell	ENLINK MIDSTREAM LLC	$2,345,000	+5.4%	343,894	-1.2%	1.62%	+11.0%
VZ	Buy	VERIZON COMMUNICATIO	$2,340,000	-1.9%	43,333	+1.8%	1.62%	+3.3%
LUV	Buy	SOUTHWEST AIRLS CO	$2,308,000	-1.9%	44,878	+1.2%	1.59%	+3.3%
CVS	Buy	CVS HEALTH CORP	$2,110,000	+1.9%	24,861	+0.2%	1.46%	+7.3%
JPM	Buy	JPMORGAN CHASE & CO	$1,993,000	+11.7%	12,175	+6.1%	1.38%	+17.6%
T	Sell	AT&T INC	$1,851,000	-37.6%	68,530	-33.5%	1.28%	-34.2%
PFE	New	PFIZER INC	$1,833,000	–	42,619	–	1.26%	–
FDX	Buy	FEDEX CORP	$1,832,000	-18.3%	8,356	+11.2%	1.26%	-14.0%
CSCO	Buy	CISCO SYS INC	$1,815,000	+5.1%	33,346	+2.3%	1.25%	+10.7%
EXP	Buy	EAGLE MATLS INC	$1,814,000	-7.4%	13,832	+0.4%	1.25%	-2.4%
GLD	Sell	SPDR GOLD TR	$1,777,000	-9.0%	10,818	-8.3%	1.23%	-4.2%
WIRE	New	ENCORE WIRE CORP	$1,716,000	–	18,100	–	1.18%	–
CMA	New	COMERICA INC	$1,642,000	–	20,397	–	1.13%	–
FB	Buy	FACEBOOK INCcl a	$1,637,000	+10.5%	4,823	+13.3%	1.13%	+16.4%
TMHC	Buy	TAYLOR MORRISON HOME	$1,526,000	+5.3%	59,200	+7.9%	1.05%	+10.8%
DUK	Sell	DUKE ENERGY CORP NEW	$1,457,000	-3.3%	14,933	-2.2%	1.01%	+1.8%
DIS	Sell	DISNEY WALT CO	$1,390,000	-13.8%	8,219	-10.4%	0.96%	-9.2%
UPS	Buy	UNITED PARCEL SERVICcl b	$1,335,000	+0.1%	7,331	+14.3%	0.92%	+5.4%
DOW	Sell	DOW INC	$1,322,000	-12.9%	22,966	-4.2%	0.91%	-8.2%
CAT	Buy	CATERPILLAR INC	$1,310,000	-7.5%	6,823	+4.8%	0.90%	-2.6%
NCLH	Sell	NORWEGIAN CRUISE LIN	$1,286,000	-23.6%	48,150	-15.9%	0.89%	-19.6%
NVDA	Buy	NVIDIA CORPORATION	$1,278,000	+3.7%	6,171	+300.7%	0.88%	+9.3%
WMT	Sell	WALMART INC	$1,275,000	-14.6%	9,150	-13.5%	0.88%	-10.0%
WHR	Buy	WHIRLPOOL CORP	$1,204,000	+7.7%	5,905	+15.1%	0.83%	+13.4%
IBM	Buy	INTERNATIONAL BUSINE	$1,069,000	0.0%	7,695	+5.5%	0.74%	+5.3%
LLY	Buy	LILLY ELI & CO	$1,063,000	+0.7%	4,600	+0.0%	0.73%	+6.1%
ETH	Buy	ETHAN ALLEN INTERIOR	$1,052,000	+186.6%	44,375	+233.6%	0.73%	+201.2%
BMY	Buy	BRISTOL-MYERS SQUIBB	$1,035,000	-9.3%	17,496	+2.5%	0.71%	-4.5%
TBK	Sell	TRIUMPH BANCORP INC	$1,031,000	+32.2%	10,300	-1.9%	0.71%	+39.3%
GDRX	Sell	GOODRX HLDGS INC	$982,000	-25.0%	23,950	-34.1%	0.68%	-21.0%
ELY	New	CALLAWAY GOLF CO	$947,000	–	34,281	–	0.65%	–
KO	Sell	COCA COLA CO	$901,000	-7.3%	17,164	-4.5%	0.62%	-2.4%
DB	Buy	DEUTSCHE BANK A Gnamen akt	$871,000	+22.3%	68,615	+26.0%	0.60%	+28.7%
ATO	Buy	ATMOS ENERGY CORP	$859,000	-8.2%	9,740	+0.0%	0.59%	-3.3%
GMRE	Buy	GLOBAL MED REIT INC	$831,000	+2.0%	56,550	+2.4%	0.57%	+7.5%
WSM	New	WILLIAMS SONOMA INC	$745,000	–	4,200	–	0.51%	–
JWN	Buy	NORDSTROM INC	$737,000	-9.2%	27,875	+25.6%	0.51%	-4.3%
MRNA	Sell	MODERNA INC	$737,000	-0.4%	1,915	-39.2%	0.51%	+4.9%
BLDR	Buy	BUILDERS FIRSTSOURCE	$736,000	+32.9%	14,225	+9.6%	0.51%	+39.9%
MTDR	Sell	MATADOR RES CO	$687,000	+0.1%	18,050	-5.2%	0.47%	+5.3%
SIX	Buy	SIX FLAGS ENTMT CORP	$631,000	+22.1%	14,850	+24.3%	0.44%	+28.6%
SCHW	Sell	SCHWAB CHARLES CORP	$605,000	-37.0%	8,300	-37.1%	0.42%	-33.7%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$579,000	+17.9%	17,784	+34.4%	0.40%	+24.2%
URI	Sell	UNITED RENTALS INC	$561,000	0.0%	1,600	-9.1%	0.39%	+5.2%
CBRL	Buy	CRACKER BARREL OLD C	$548,000	+70.2%	3,915	+80.4%	0.38%	+79.1%
SAVE	Buy	SPIRIT AIRLS INC	$529,000	+17.6%	20,375	+37.7%	0.36%	+23.7%
PYPL	Sell	PAYPAL HLDGS INC	$524,000	-12.8%	2,012	-2.4%	0.36%	-8.1%
CFR	Buy	CULLEN FROST BANKERS	$520,000	+16.6%	4,380	+10.1%	0.36%	+22.9%
KHC	Sell	KRAFT HEINZ CO	$507,000	-26.7%	13,774	-18.9%	0.35%	-22.9%
ON	Sell	ON SEMICONDUCTOR COR	$478,000	-11.5%	10,450	-25.9%	0.33%	-6.8%
PEP	Buy	PEPSICO INC	$477,000	+16.3%	3,170	+14.4%	0.33%	+22.3%
PG	Sell	PROCTER AND GAMBLE C	$467,000	-24.3%	3,341	-26.9%	0.32%	-20.3%
MRK	Sell	MERCK & CO INC	$456,000	-66.3%	6,076	-65.1%	0.32%	-64.5%
ET	Sell	ENERGY TRANSFER L P	$425,000	-12.9%	44,374	-3.3%	0.29%	-8.4%
CNK	Buy	CINEMARK HLDGS INC	$411,000	-8.1%	21,400	+5.2%	0.28%	-3.1%
PEAK	Buy	HEALTHPEAK PROPERTIE	$404,000	+0.5%	12,071	+0.0%	0.28%	+6.1%
ABNB	New	AIRBNB INC	$403,000	–	2,400	–	0.28%	–
MDT	Sell	MEDTRONIC PLC	$392,000	-5.1%	3,125	-6.0%	0.27%	0.0%
MPW	Buy	MEDICAL PPTYS TRUST	$385,000	0.0%	19,162	+0.1%	0.27%	+5.6%
RTX	Sell	RAYTHEON TECHNOLOGIE	$384,000	-9.2%	4,463	-10.1%	0.26%	-4.3%
TGT	Sell	TARGET CORP	$378,000	-20.3%	1,651	-15.9%	0.26%	-16.1%
SLB	New	SCHLUMBERGER LTD	$359,000	–	12,100	–	0.25%	–
CVX	Buy	CHEVRON CORP NEW	$351,000	-0.3%	3,457	+3.0%	0.24%	+4.8%
GS	Sell	GOLDMAN SACHS GROUP	$340,000	-14.8%	900	-14.3%	0.24%	-10.0%
TSM	Sell	TAIWAN SEMICONDUCTORsponsored ads	$316,000	-14.1%	2,834	-7.4%	0.22%	-9.5%
CB	Buy	CHUBB LIMITED	$304,000	+32.2%	1,750	+20.7%	0.21%	+39.1%
UPLD	Buy	UPLAND SOFTWARE INC	$304,000	+0.3%	9,100	+23.8%	0.21%	+5.5%
RHP	Sell	RYMAN HOSPITALITY PP	$293,000	-12.8%	3,500	-17.6%	0.20%	-8.2%
GEO	Sell	GEO GROUP INC NEW	$289,000	-19.5%	38,733	-23.1%	0.20%	-15.3%
LOW	Sell	LOWES COS INC	$284,000	-2.4%	1,400	-6.7%	0.20%	+2.6%
C	Buy	CITIGROUP INC	$279,000	+1.8%	3,975	+2.6%	0.19%	+7.2%
ADM	Sell	ARCHER DANIELS MIDLA	$273,000	-11.7%	4,550	-10.8%	0.19%	-7.4%
XRX	Sell	XEROX HOLDINGS CORP	$263,000	-65.2%	13,047	-59.4%	0.18%	-63.2%
AEO	New	AMERICAN EAGLE OUTFI	$258,000	–	10,000	–	0.18%	–
CAL	New	CALERES INC	$258,000	–	11,600	–	0.18%	–
DKNG	Sell	DRAFTKINGS INC	$243,000	-10.3%	5,050	-2.9%	0.17%	-5.6%
CCS	Sell	CENTURY CMNTYS INC	$238,000	-50.8%	3,875	-46.7%	0.16%	-48.3%
UBER	Buy	UBER TECHNOLOGIES IN	$228,000	+2.2%	5,100	+14.6%	0.16%	+7.5%
MCD	New	MCDONALDS CORP	$215,000	–	892	–	0.15%	–
WFC	Sell	WELLS FARGO CO NEW	$202,000	-83.0%	4,350	-83.4%	0.14%	-82.1%
NYCB	New	NEW YORK CMNTY BANCO	$167,000	–	13,000	–	0.12%	–
STKL	Sell	SUNOPTA INC	$143,000	-28.5%	16,000	-1.8%	0.10%	-24.4%
ADT	Sell	ADT INC DEL	$118,000	-65.6%	14,530	-54.3%	0.08%	-64.0%
RAACW	New	REVOLUTION ACCELERTN*w exp 12/01/202	$33,000	–	27,000	–	0.02%	–
MSB	Exit	MESABI TRctf ben int	$0	–	-5,840	–	-0.14%	–
STNG	Exit	SCORPIO TANKERS INC	$0	–	-10,650	–	-0.15%	–
SPR	Exit	SPIRIT AEROSYSTEMS H	$0	–	-4,980	–	-0.15%	–
CRCT	Exit	CRICUT INC	$0	–	-5,645	–	-0.16%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-7,440	–	-0.20%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-875	–	-0.22%	–
INTZ	Exit	INTRUSION INC	$0	–	-106,238	–	-1.07%	–

Q2 2021

			Value		Shares		↓ Weighting
TPL	New	TEXAS PACIFIC LAND C	$22,954,000	–	14,349	–	15.04%	–
CMC	New	COMMERCIAL METALS CO	$5,501,000	–	179,064	–	3.60%	–
OKE	New	ONEOK INC NEW	$4,433,000	–	79,677	–	2.90%	–
GM	New	GENERAL MTRS CO	$4,287,000	–	72,452	–	2.81%	–
XOM	New	EXXON MOBIL CORP	$3,571,000	–	56,613	–	2.34%	–
IP	New	INTERNATIONAL PAPER	$3,488,000	–	56,887	–	2.29%	–
ABBV	New	ABBVIE INC	$3,472,000	–	30,825	–	2.28%	–
BA	New	BOEING CO	$3,403,000	–	14,206	–	2.23%	–
CLF	New	CLEVELAND-CLIFFS INC	$3,166,000	–	146,860	–	2.08%	–
QCOM	New	QUALCOMM INC	$3,146,000	–	22,011	–	2.06%	–
JNJ	New	JOHNSON & JOHNSON	$3,008,000	–	18,257	–	1.97%	–
T	New	AT&T INC	$2,965,000	–	103,029	–	1.94%	–
MSFT	New	MICROSOFT CORP	$2,809,000	–	10,370	–	1.84%	–
BAC	New	BK OF AMERICA CORP	$2,712,000	–	65,773	–	1.78%	–
HD	New	HOME DEPOT INC	$2,615,000	–	8,199	–	1.71%	–
XEL	New	XCEL ENERGY INC	$2,586,000	–	39,247	–	1.70%	–
VZ	New	VERIZON COMMUNICATIO	$2,386,000	–	42,578	–	1.56%	–
LUV	New	SOUTHWEST AIRLS CO	$2,353,000	–	44,328	–	1.54%	–
FDX	New	FEDEX CORP	$2,242,000	–	7,515	–	1.47%	–
ENLC	New	ENLINK MIDSTREAM LLC	$2,224,000	–	348,021	–	1.46%	–
CVS	New	CVS HEALTH CORP	$2,070,000	–	24,809	–	1.36%	–
EXP	New	EAGLE MATLS INC	$1,958,000	–	13,781	–	1.28%	–
GLD	New	SPDR GOLD TR	$1,953,000	–	11,793	–	1.28%	–
AAPL	New	APPLE INC	$1,927,000	–	14,072	–	1.26%	–
JPM	New	JPMORGAN CHASE & CO	$1,785,000	–	11,475	–	1.17%	–
CSCO	New	CISCO SYS INC	$1,727,000	–	32,586	–	1.13%	–
NCLH	New	NORWEGIAN CRUISE LIN	$1,684,000	–	57,250	–	1.10%	–
INTZ	New	INTRUSION INC	$1,637,000	–	106,238	–	1.07%	–
DIS	New	DISNEY WALT CO	$1,612,000	–	9,169	–	1.06%	–
DOW	New	DOW INC	$1,517,000	–	23,966	–	0.99%	–
DUK	New	DUKE ENERGY CORP NEW	$1,507,000	–	15,266	–	0.99%	–
WMT	New	WALMART INC	$1,493,000	–	10,584	–	0.98%	–
FB	New	FACEBOOK INCcl a	$1,481,000	–	4,258	–	0.97%	–
TMHC	New	TAYLOR MORRISON HOME	$1,449,000	–	54,850	–	0.95%	–
CAT	New	CATERPILLAR INC	$1,416,000	–	6,508	–	0.93%	–
MRK	New	MERCK & CO. INC	$1,353,000	–	17,397	–	0.89%	–
UPS	New	UNITED PARCEL SERVICcl b	$1,334,000	–	6,416	–	0.87%	–
GDRX	New	GOODRX HLDGS INC	$1,309,000	–	36,350	–	0.86%	–
NVDA	New	NVIDIA CORPORATION	$1,232,000	–	1,540	–	0.81%	–
WFC	New	WELLS FARGO CO NEW	$1,185,000	–	26,156	–	0.78%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,141,000	–	17,069	–	0.75%	–
WHR	New	WHIRLPOOL CORP	$1,118,000	–	5,129	–	0.73%	–
LAZ	New	LAZARD LTD	$1,075,000	–	23,765	–	0.70%	–
IBM	New	INTERNATIONAL BUSINE	$1,069,000	–	7,295	–	0.70%	–
LLY	New	LILLY ELI & CO	$1,056,000	–	4,599	–	0.69%	–
KO	New	COCA COLA CO	$972,000	–	17,964	–	0.64%	–
SCHW	New	SCHWAB CHARLES CORP	$961,000	–	13,200	–	0.63%	–
ATO	New	ATMOS ENERGY CORP	$936,000	–	9,736	–	0.61%	–
BRKB	New	BERKSHIRE HATHAWAY Icl b new	$841,000	–	3,025	–	0.55%	–
GMRE	New	GLOBAL MED REIT INC	$815,000	–	55,250	–	0.53%	–
JWN	New	NORDSTROM INC	$812,000	–	22,200	–	0.53%	–
TBK	New	TRIUMPH BANCORP INC	$780,000	–	10,500	–	0.51%	–
XRX	New	XEROX HOLDINGS CORP	$755,000	–	32,137	–	0.50%	–
MRNA	New	MODERNA INC	$740,000	–	3,150	–	0.48%	–
GOOG	New	ALPHABET INCcap stk cl c	$739,000	–	295	–	0.48%	–
DB	New	DEUTSCHE BANK A Gnamen akt	$712,000	–	54,450	–	0.47%	–
AMZN	New	AMAZON COM INC	$711,000	–	207	–	0.47%	–
KHC	New	KRAFT HEINZ CO	$692,000	–	16,976	–	0.45%	–
MTDR	New	MATADOR RES CO	$686,000	–	19,050	–	0.45%	–
SO	New	SOUTHERN CO	$655,000	–	10,823	–	0.43%	–
COST	New	COSTCO WHSL CORP NEW	$626,000	–	1,583	–	0.41%	–
PG	New	PROCTER AND GAMBLE C	$617,000	–	4,571	–	0.40%	–
PYPL	New	PAYPAL HLDGS INC	$601,000	–	2,062	–	0.39%	–
HON	New	HONEYWELL INTL INC	$587,000	–	2,675	–	0.38%	–
URI	New	UNITED RENTALS INC	$561,000	–	1,760	–	0.37%	–
AEE	New	AMEREN CORP	$555,000	–	6,938	–	0.36%	–
BLDR	New	BUILDERS FIRSTSOURCE	$554,000	–	12,975	–	0.36%	–
ON	New	ON SEMICONDUCTOR COR	$540,000	–	14,100	–	0.35%	–
SIX	New	SIX FLAGS ENTMT CORP	$517,000	–	11,950	–	0.34%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$491,000	–	13,234	–	0.32%	–
ET	New	ENERGY TRANSFER LP	$488,000	–	45,874	–	0.32%	–
CCS	New	CENTURY CMNTYS INC	$484,000	–	7,275	–	0.32%	–
TGT	New	TARGET CORP	$474,000	–	1,962	–	0.31%	–
SAVE	New	SPIRIT AIRLS INC	$450,000	–	14,795	–	0.30%	–
CNK	New	CINEMARK HLDGS INC	$447,000	–	20,350	–	0.29%	–
CFR	New	CULLEN FROST BANKERS	$446,000	–	3,980	–	0.29%	–
RTX	New	RAYTHEON TECHNOLOGIE	$423,000	–	4,963	–	0.28%	–
BRKA	New	BERKSHIRE HATHAWAY Icl a	$419,000	–	1	–	0.28%	–
MDT	New	MEDTRONIC PLC	$413,000	–	3,325	–	0.27%	–
PEP	New	PEPSICO INC	$410,000	–	2,770	–	0.27%	–
PEAK	New	HEALTHPEAK PROPERTIE	$402,000	–	12,070	–	0.26%	–
GS	New	GOLDMAN SACHS GROUP	$399,000	–	1,050	–	0.26%	–
MPW	New	MEDICAL PPTYS TRUST	$385,000	–	19,146	–	0.25%	–
ETH	New	ETHAN ALLEN INTERIOR	$367,000	–	13,300	–	0.24%	–
TSM	New	TAIWAN SEMICONDUCTORsponsored ads	$368,000	–	3,059	–	0.24%	–
GEO	New	GEO GROUP INC NEW	$359,000	–	50,389	–	0.24%	–
MU	New	MICRON TECHNOLOGY IN	$357,000	–	4,200	–	0.23%	–
ABT	New	ABBOTT LABS	$354,000	–	3,050	–	0.23%	–
CVX	New	CHEVRON CORP NEW	$352,000	–	3,357	–	0.23%	–
ADT	New	ADT INC DEL	$343,000	–	31,771	–	0.22%	–
TXN	New	TEXAS INSTRS INC	$337,000	–	1,750	–	0.22%	–
RHP	New	RYMAN HOSPITALITY PP	$336,000	–	4,250	–	0.22%	–
LMT	New	LOCKHEED MARTIN CORP	$331,000	–	875	–	0.22%	–
CBRL	New	CRACKER BARREL OLD C	$322,000	–	2,170	–	0.21%	–
ADM	New	ARCHER DANIELS MIDLA	$309,000	–	5,100	–	0.20%	–
UPLD	New	UPLAND SOFTWARE INC	$303,000	–	7,350	–	0.20%	–
TRIP	New	TRIPADVISOR INC	$300,000	–	7,440	–	0.20%	–
LOW	New	LOWES COS INC	$291,000	–	1,500	–	0.19%	–
NCR	New	NCR CORP NEW	$292,000	–	6,400	–	0.19%	–
MNRL	New	BRIGHAM MINERALS INC	$287,000	–	13,500	–	0.19%	–
SPG	New	SIMON PPTY GROUP INC	$287,000	–	2,200	–	0.19%	–
AEP	New	AMERICAN ELEC PWR CO	$284,000	–	3,355	–	0.19%	–
VTR	New	VENTAS INC	$280,000	–	4,900	–	0.18%	–
C	New	CITIGROUP INC	$274,000	–	3,875	–	0.18%	–
DKNG	New	DRAFTKINGS INC	$271,000	–	5,200	–	0.18%	–
NXPI	New	NXP SEMICONDUCTORS N	$255,000	–	1,240	–	0.17%	–
BX	New	BLACKSTONE GROUP INC	$253,000	–	2,600	–	0.17%	–
CRCT	New	CRICUT INC	$240,000	–	5,645	–	0.16%	–
STNG	New	SCORPIO TANKERS INC	$235,000	–	10,650	–	0.15%	–
SPR	New	SPIRIT AEROSYSTEMS H	$235,000	–	4,980	–	0.15%	–
CB	New	CHUBB LIMITED	$230,000	–	1,450	–	0.15%	–
UBER	New	UBER TECHNOLOGIES IN	$223,000	–	4,450	–	0.15%	–
MSB	New	MESABI TRctf ben int	$207,000	–	5,840	–	0.14%	–
STKL	New	SUNOPTA INC	$200,000	–	16,300	–	0.13%	–

Q4 2020

			Value		Shares		↓ Weighting
X	Exit	UNITED STATES STL CO	$0	–	-11,677	–	-0.10%	–
MNRL	Exit	BRIGHAM MINERALS INC	$0	–	-13,000	–	-0.13%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-11,900	–	-0.21%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-11,975	–	-0.21%	–
SPR	Exit	SPIRIT AEROSYSTEMS H	$0	–	-10,050	–	-0.21%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-3,470	–	-0.23%	–
CONE	Exit	CYRUSONE INC	$0	–	-3,000	–	-0.24%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,845	–	-0.24%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,650	–	-0.26%	–
VTR	Exit	VENTAS INC	$0	–	-5,663	–	-0.27%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-44,624	–	-0.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY Icl b new	$0	–	-1,200	–	-0.29%	–
TGT	Exit	TARGET CORP	$0	–	-1,750	–	-0.31%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-725	–	-0.31%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,550	–	-0.34%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-580	–	-0.35%	–
TMHC	Exit	TAYLOR MORRISON HOME	$0	–	-12,900	–	-0.36%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-3,880	–	-0.36%	–
BRKA	Exit	BERKSHIRE HATHAWAY Icl a	$0	–	-1	–	-0.36%	–
UPLD	Exit	UPLAND SOFTWARE INC	$0	–	-8,500	–	-0.36%	–
PEAK	Exit	HEALTHPEAK PROPERTIE	$0	–	-11,820	–	-0.36%	–
MPW	Exit	MEDICAL PPTYS TRUST	$0	–	-18,601	–	-0.37%	–
GS	Exit	GOLDMAN SACHS GROUP	$0	–	-1,700	–	-0.38%	–
RTX	Exit	RAYTHEON TECHNOLOGIE	$0	–	-5,961	–	-0.39%	–
AEO	Exit	AMERICAN EAGLE OUTFI	$0	–	-23,250	–	-0.39%	–
AMZN	Exit	AMAZON COM INC	$0	–	-116	–	-0.41%	–
URI	Exit	UNITED RENTALS INC	$0	–	-2,150	–	-0.42%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-12,655	–	-0.43%	–
HTH	Exit	HILLTOP HOLDINGS INC	$0	–	-19,480	–	-0.45%	–
ON	Exit	ON SEMICONDUCTOR COR	$0	–	-19,720	–	-0.48%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,675	–	-0.50%	–
MTDR	Exit	MATADOR RES CO	$0	–	-53,857	–	-0.50%	–
NMIH	Exit	NMI HLDGS INCcl a	$0	–	-25,750	–	-0.52%	–
UPS	Exit	UNITED PARCEL SERVICcl b	$0	–	-2,850	–	-0.53%	–
PG	Exit	PROCTER AND GAMBLE C	$0	–	-3,432	–	-0.54%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,370	–	-0.55%	–
NCR	Exit	NCR CORP NEW	$0	–	-23,100	–	-0.57%	–
CNK	Exit	CINEMARK HLDGS INC	$0	–	-52,150	–	-0.59%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,055	–	-0.60%	–
AEE	Exit	AMEREN CORP	$0	–	-7,571	–	-0.67%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-19,400	–	-0.68%	–
SO	Exit	SOUTHERN CO	$0	–	-11,821	–	-0.72%	–
XRX	Exit	XEROX HOLDINGS CORP	$0	–	-34,650	–	-0.73%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,900	–	-0.82%	–
KO	Exit	COCA COLA CO	$0	–	-15,052	–	-0.84%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-4,302	–	-0.89%	–
RHP	Exit	RYMAN HOSPITALITY PP	$0	–	-23,126	–	-0.96%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,050	–	-0.98%	–
USCR	Exit	U S CONCRETE INC	$0	–	-30,880	–	-1.01%	–
CCS	Exit	CENTURY CMNTYS INC	$0	–	-21,525	–	-1.02%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,704	–	-1.05%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-10,455	–	-1.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,055	–	-1.12%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-428,541	–	-1.13%	–
AAPL	Exit	APPLE INC	$0	–	-9,027	–	-1.18%	–
DOW	Exit	DOW INC	$0	–	-23,701	–	-1.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,836	–	-1.38%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-21,500	–	-1.41%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-15,056	–	-1.46%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-55,383	–	-1.46%	–
WMT	Exit	WALMART INC	$0	–	-9,321	–	-1.47%	–
CSCO	Exit	CISCO SYS INC	$0	–	-36,284	–	-1.61%	–
NCLH	Exit	NORWEGIAN CRUISE LIN	$0	–	-86,141	–	-1.66%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-16,778	–	-1.67%	–
HD	Exit	HOME DEPOT INC	$0	–	-5,356	–	-1.67%	–
FDX	Exit	FEDEX CORP	$0	–	-6,357	–	-1.80%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-68,268	–	-1.85%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-49,880	–	-1.92%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-269,407	–	-1.94%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-54,001	–	-2.28%	–
GEO	Exit	GEO GROUP INC NEW	$0	–	-179,026	–	-2.28%	–
MRK	Exit	MERCK & CO. INC	$0	–	-26,385	–	-2.46%	–
GLD	Exit	SPDR GOLD TR	$0	–	-13,028	–	-2.60%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-40,468	–	-2.71%	–
OKE	Exit	ONEOK INC NEW	$0	–	-98,156	–	-2.87%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,837	–	-3.04%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-18,149	–	-3.04%	–
BA	Exit	BOEING CO	$0	–	-16,412	–	-3.05%	–
IP	Exit	INTL PAPER CO	$0	–	-70,148	–	-3.20%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-42,882	–	-3.33%	–
T	Exit	AT&T INC	$0	–	-107,185	–	-3.44%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-246,447	–	-5.54%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-16,394	–	-8.32%	–

Q3 2020

			Value		Shares		↓ Weighting
TPL	New	TEXAS PAC LD TRsub ctf prop i t	$7,403,000	–	16,394	–	8.32%	–
CMC	New	COMMERCIAL METALS CO	$4,924,000	–	246,447	–	5.54%	–
T	New	AT&T INC	$3,056,000	–	107,185	–	3.44%	–
XEL	New	XCEL ENERGY INC	$2,959,000	–	42,882	–	3.33%	–
IP	New	INTL PAPER CO	$2,844,000	–	70,148	–	3.20%	–
BA	New	BOEING CO	$2,712,000	–	16,412	–	3.05%	–
JNJ	New	JOHNSON & JOHNSON	$2,702,000	–	18,149	–	3.04%	–
ABBV	New	ABBVIE INC	$2,701,000	–	30,837	–	3.04%	–
OKE	New	ONEOK INC NEW	$2,550,000	–	98,156	–	2.87%	–
VZ	New	VERIZON COMMUNICATIO	$2,407,000	–	40,468	–	2.71%	–
GLD	New	SPDR GOLD TR	$2,308,000	–	13,028	–	2.60%	–
MRK	New	MERCK & CO. INC	$2,189,000	–	26,385	–	2.46%	–
GEO	New	GEO GROUP INC NEW	$2,030,000	–	179,026	–	2.28%	–
LUV	New	SOUTHWEST AIRLS CO	$2,025,000	–	54,001	–	2.28%	–
CLF	New	CLEVELAND CLIFFS INC	$1,730,000	–	269,407	–	1.94%	–
XOM	New	EXXON MOBIL CORP	$1,712,000	–	49,880	–	1.92%	–
BAC	New	BK OF AMERICA CORP	$1,645,000	–	68,268	–	1.85%	–
FDX	New	FEDEX CORP	$1,599,000	–	6,357	–	1.80%	–
HD	New	HOME DEPOT INC	$1,487,000	–	5,356	–	1.67%	–
DUK	New	DUKE ENERGY CORP NEW	$1,486,000	–	16,778	–	1.67%	–
NCLH	New	NORWEGIAN CRUISE LIN	$1,474,000	–	86,141	–	1.66%	–
CSCO	New	CISCO SYS INC	$1,429,000	–	36,284	–	1.61%	–
WMT	New	WALMART INC	$1,304,000	–	9,321	–	1.47%	–
WFC	New	WELLS FARGO CO NEW	$1,302,000	–	55,383	–	1.46%	–
EXP	New	EAGLE MATERIALS INC	$1,300,000	–	15,056	–	1.46%	–
CVS	New	CVS HEALTH CORP	$1,256,000	–	21,500	–	1.41%	–
MSFT	New	MICROSOFT CORP	$1,227,000	–	5,836	–	1.38%	–
DOW	New	DOW INC	$1,115,000	–	23,701	–	1.25%	–
AAPL	New	APPLE INC	$1,045,000	–	9,027	–	1.18%	–
ENLC	New	ENLINK MIDSTREAM LLC	$1,007,000	–	428,541	–	1.13%	–
ATO	New	ATMOS ENERGY CORP	$999,000	–	10,455	–	1.12%	–
DIS	New	DISNEY WALT CO	$999,000	–	8,055	–	1.12%	–
JPM	New	JPMORGAN CHASE & CO	$934,000	–	9,704	–	1.05%	–
CCS	New	CENTURY CMNTYS INC	$911,000	–	21,525	–	1.02%	–
USCR	New	U S CONCRETE INC	$897,000	–	30,880	–	1.01%	–
ABT	New	ABBOTT LABS	$876,000	–	8,050	–	0.98%	–
RHP	New	RYMAN HOSPITALITY PP	$851,000	–	23,126	–	0.96%	–
WHR	New	WHIRLPOOL CORP	$791,000	–	4,302	–	0.89%	–
KO	New	COCA COLA CO	$743,000	–	15,052	–	0.84%	–
CAT	New	CATERPILLAR INC DEL	$731,000	–	4,900	–	0.82%	–
XRX	New	XEROX HOLDINGS CORP	$650,000	–	34,650	–	0.73%	–
SO	New	SOUTHERN CO	$641,000	–	11,821	–	0.72%	–
TBK	New	TRIUMPH BANCORP INC	$604,000	–	19,400	–	0.68%	–
AEE	New	AMEREN CORP	$599,000	–	7,571	–	0.67%	–
FB	New	FACEBOOK INCcl a	$538,000	–	2,055	–	0.60%	–
CNK	New	CINEMARK HLDGS INC	$522,000	–	52,150	–	0.59%	–
NCR	New	NCR CORP NEW	$511,000	–	23,100	–	0.57%	–
COST	New	COSTCO WHSL CORP NEW	$486,000	–	1,370	–	0.55%	–
PG	New	PROCTER AND GAMBLE C	$477,000	–	3,432	–	0.54%	–
UPS	New	UNITED PARCEL SERVICcl b	$475,000	–	2,850	–	0.53%	–
NMIH	New	NMI HLDGS INCcl a	$458,000	–	25,750	–	0.52%	–
MTDR	New	MATADOR RES CO	$445,000	–	53,857	–	0.50%	–
HON	New	HONEYWELL INTL INC	$440,000	–	2,675	–	0.50%	–
ON	New	ON SEMICONDUCTOR COR	$428,000	–	19,720	–	0.48%	–
HTH	New	HILLTOP HOLDINGS INC	$401,000	–	19,480	–	0.45%	–
KHC	New	KRAFT HEINZ CO	$379,000	–	12,655	–	0.43%	–
URI	New	UNITED RENTALS INC	$375,000	–	2,150	–	0.42%	–
AMZN	New	AMAZON COM INC	$365,000	–	116	–	0.41%	–
AEO	New	AMERICAN EAGLE OUTFI	$344,000	–	23,250	–	0.39%	–
RTX	New	RAYTHEON TECHNOLOGIE	$343,000	–	5,961	–	0.39%	–
GS	New	GOLDMAN SACHS GROUP	$342,000	–	1,700	–	0.38%	–
MPW	New	MEDICAL PPTYS TRUST	$328,000	–	18,601	–	0.37%	–
PEAK	New	HEALTHPEAK PROPERTIE	$321,000	–	11,820	–	0.36%	–
UPLD	New	UPLAND SOFTWARE INC	$320,000	–	8,500	–	0.36%	–
BRKA	New	BERKSHIRE HATHAWAY Icl a	$320,000	–	1	–	0.36%	–
TMHC	New	TAYLOR MORRISON HOME	$317,000	–	12,900	–	0.36%	–
AEP	New	AMERICAN ELEC PWR CO	$317,000	–	3,880	–	0.36%	–
NVDA	New	NVIDIA CORPORATION	$314,000	–	580	–	0.35%	–
PYPL	New	PAYPAL HLDGS INC	$305,000	–	1,550	–	0.34%	–
LMT	New	LOCKHEED MARTIN CORP	$278,000	–	725	–	0.31%	–
TGT	New	TARGET CORP	$276,000	–	1,750	–	0.31%	–
BRKB	New	BERKSHIRE HATHAWAY Icl b new	$256,000	–	1,200	–	0.29%	–
ET	New	ENERGY TRANSFER LP	$242,000	–	44,624	–	0.27%	–
VTR	New	VENTAS INC	$238,000	–	5,663	–	0.27%	–
TXN	New	TEXAS INSTRS INC	$236,000	–	1,650	–	0.26%	–
QCOM	New	QUALCOMM INC	$217,000	–	1,845	–	0.24%	–
CONE	New	CYRUSONE INC	$210,000	–	3,000	–	0.24%	–
TSN	New	TYSON FOODS INCcl a	$206,000	–	3,470	–	0.23%	–
SPR	New	SPIRIT AEROSYSTEMS H	$190,000	–	10,050	–	0.21%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$186,000	–	11,900	–	0.21%	–
SLB	New	SCHLUMBERGER LTD	$186,000	–	11,975	–	0.21%	–
MNRL	New	BRIGHAM MINERALS INC	$116,000	–	13,000	–	0.13%	–
X	New	UNITED STATES STL CO	$86,000	–	11,677	–	0.10%	–

Q4 2019

			Value		Shares		↓ Weighting
AXAS	Exit	ABRAXAS PETE CORP	$0	–	-19,493	–	-0.01%	–
	Exit	FALCON MINERALS CORP	$0	–	-11,000	–	-0.06%	–
WTRH	Exit	WAITR HLDGS INC	$0	–	-55,500	–	-0.06%	–
AEO	Exit	AMERICAN EAGLE OUTFI	$0	–	-11,500	–	-0.17%	–
BC	Exit	BRUNSWICK CORP	$0	–	-3,950	–	-0.18%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,648	–	-0.18%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-7,525	–	-0.19%	–
CPRI	Exit	CAPRI HOLDINGS LIMIT	$0	–	-6,400	–	-0.19%	–
PACW	Exit	PACWEST BANCORP DEL	$0	–	-5,850	–	-0.19%	–
V	Exit	VISA INC	$0	–	-1,250	–	-0.19%	–
BRKB	Exit	BERKSHIRE HATHAWAY Icl b new	$0	–	-1,050	–	-0.19%	–
RLJPRA	Exit	RLJ LODGING TRcum conv pfd a	$0	–	-8,250	–	-0.20%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-17,730	–	-0.21%	–
VST	Exit	VISTRA ENERGY CORP	$0	–	-8,900	–	-0.21%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-1,650	–	-0.23%	–
SJM	Exit	SMUCKER J M CO	$0	–	-2,365	–	-0.23%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-675	–	-0.23%	–
BRKA	Exit	BERKSHIRE HATHAWAY Icl a	$0	–	-1	–	-0.28%	–
C	Exit	CITIGROUP INC	$0	–	-4,540	–	-0.28%	–
VTR	Exit	VENTAS INC	$0	–	-4,863	–	-0.32%	–
BP	Exit	BP PLCsponsored adr	$0	–	-9,450	–	-0.32%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-3,925	–	-0.33%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,550	–	-0.33%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,255	–	-0.34%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,250	–	-0.36%	–
MPW	Exit	MEDICAL PPTYS TRUST	$0	–	-21,542	–	-0.37%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,480	–	-0.38%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-8,675	–	-0.39%	–
MU	Exit	MICRON TECHNOLOGY IN	$0	–	-10,525	–	-0.40%	–
BSX	Exit	BOSTON SCIENTIFIC CO	$0	–	-11,600	–	-0.42%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-3,819	–	-0.44%	–
AAPL	Exit	APPLE INC	$0	–	-2,324	–	-0.46%	–
GM	Exit	GENERAL MTRS CO	$0	–	-14,432	–	-0.48%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,200	–	-0.48%	–
ABT	Exit	ABBOTT LABS	$0	–	-6,800	–	-0.50%	–
DIS	Exit	DISNEY WALT CO	$0	–	-4,455	–	-0.52%	–
KO	Exit	COCA COLA CO	$0	–	-10,872	–	-0.52%	–
HOME	Exit	AT HOME GROUP INC	$0	–	-65,700	–	-0.56%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-5,155	–	-0.58%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-14,250	–	-0.63%	–
PG	Exit	PROCTER AND GAMBLE C	$0	–	-5,993	–	-0.66%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,355	–	-0.66%	–
AEE	Exit	AMEREN CORP	$0	–	-9,421	–	-0.67%	–
MTDR	Exit	MATADOR RES CO	$0	–	-47,400	–	-0.70%	–
URI	Exit	UNITED RENTALS INC	$0	–	-6,425	–	-0.71%	–
SO	Exit	SOUTHERN CO	$0	–	-12,969	–	-0.71%	–
NXPI	Exit	NXP SEMICONDUCTORS N	$0	–	-7,530	–	-0.73%	–
NCLH	Exit	NORWEGIAN CRUISE LIN	$0	–	-16,650	–	-0.76%	–
FDX	Exit	FEDEX CORP	$0	–	-5,929	–	-0.76%	–
CSCO	Exit	CISCO SYS INC	$0	–	-17,874	–	-0.78%	–
X	Exit	UNITED STATES STL CO	$0	–	-86,933	–	-0.89%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	-17,676	–	-0.90%	–
HP	Exit	HELMERICH & PAYNE IN	$0	–	-26,632	–	-0.95%	–
INTC	Exit	INTEL CORP	$0	–	-20,701	–	-0.95%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,354	–	-0.98%	–
CCS	Exit	CENTURY CMNTYS INC	$0	–	-35,960	–	-0.98%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,889	–	-1.06%	–
DOW	Exit	DOW INC	$0	–	-26,712	–	-1.13%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-39,927	–	-1.21%	–
HD	Exit	HOME DEPOT INC	$0	–	-6,001	–	-1.23%	–
WMT	Exit	WALMART INC	$0	–	-11,891	–	-1.25%	–
TBK	Exit	TRIUMPH BANCORP INC	$0	–	-44,800	–	-1.27%	–
CLF	Exit	CLEVELAND CLIFFS INC	$0	–	-204,578	–	-1.31%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-15,897	–	-1.35%	–
USCR	Exit	U S CONCRETE INC	$0	–	-30,825	–	-1.51%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-19,399	–	-1.55%	–
AAL	Exit	AMERICAN AIRLS GROUP	$0	–	-67,900	–	-1.62%	–
ABBV	Exit	ABBVIE INC	$0	–	-24,273	–	-1.63%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-17,750	–	-1.79%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-32,846	–	-2.06%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-44,035	–	-2.11%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-41,268	–	-2.21%	–
GEO	Exit	GEO GROUP INC NEW	$0	–	-149,540	–	-2.30%	–
BAC	Exit	BANK AMER CORP	$0	–	-89,688	–	-2.32%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-20,713	–	-2.38%	–
RHP	Exit	RYMAN HOSPITALITY PP	$0	–	-32,831	–	-2.38%	–
OKE	Exit	ONEOK INC NEW	$0	–	-39,160	–	-2.56%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-48,246	–	-2.78%	–
MRK	Exit	MERCK & CO INC	$0	–	-37,262	–	-2.78%	–
IP	Exit	INTL PAPER CO	$0	–	-80,247	–	-2.98%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-435,837	–	-3.28%	–
T	Exit	AT&T INC	$0	–	-108,913	–	-3.65%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-318,422	–	-4.91%	–
BA	Exit	BOEING CO	$0	–	-17,859	–	-6.02%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-20,846	–	-12.01%	–

Q3 2019

			Value		Shares		↓ Weighting
TPL	Sell	TEXAS PAC LD TRsub ctf prop i t	$13,541,000	-17.9%	20,846	-0.5%	12.01%	-16.8%
BA	Buy	BOEING CO	$6,795,000	+6.9%	17,859	+2.3%	6.02%	+8.3%
CMC	Buy	COMMERCIAL METALS CO	$5,534,000	+1.4%	318,422	+4.2%	4.91%	+2.8%
T	Buy	AT&T INC	$4,121,000	+48.9%	108,913	+31.9%	3.65%	+51.0%
ENLC	Buy	ENLINK MIDSTREAM LLC	$3,705,000	+52.2%	435,837	+80.6%	3.28%	+54.2%
IP	Buy	INTL PAPER CO	$3,356,000	+4.7%	80,247	+8.5%	2.98%	+6.2%
MRK	Buy	MERCK & CO INC	$3,137,000	+1.9%	37,262	+1.5%	2.78%	+3.3%
XEL	Sell	XCEL ENERGY INC	$3,131,000	+7.8%	48,246	-1.2%	2.78%	+9.3%
OKE	Sell	ONEOK INC NEW	$2,886,000	+5.2%	39,160	-1.8%	2.56%	+6.6%
RHP	Sell	RYMAN HOSPITALITY PP	$2,686,000	-9.0%	32,831	-9.8%	2.38%	-7.7%
JNJ	Sell	JOHNSON & JOHNSON	$2,680,000	-26.2%	20,713	-20.6%	2.38%	-25.2%
BAC	Sell	BANK AMER CORP	$2,616,000	-3.7%	89,688	-4.2%	2.32%	-2.4%
GEO	Buy	GEO GROUP INC NEW	$2,593,000	-14.8%	149,540	+3.2%	2.30%	-13.7%
VZ	Sell	VERIZON COMMUNICATIO	$2,491,000	+5.6%	41,268	-0.1%	2.21%	+7.1%
LUV	Sell	SOUTHWEST AIRLS CO	$2,378,000	+5.4%	44,035	-0.9%	2.11%	+6.8%
XOM	Sell	EXXON MOBIL CORP	$2,319,000	-8.6%	32,846	-0.8%	2.06%	-7.4%
ATO	Sell	ATMOS ENERGY CORP	$2,022,000	+3.3%	17,750	-4.3%	1.79%	+4.7%
ABBV	Buy	ABBVIE INC	$1,838,000	+29.9%	24,273	+24.7%	1.63%	+31.7%
AAL	Buy	AMERICAN AIRLS GROUP	$1,831,000	-6.3%	67,900	+13.3%	1.62%	-5.1%
EXP	Sell	EAGLE MATERIALS INC	$1,746,000	-26.8%	19,399	-24.6%	1.55%	-25.8%
USCR	Sell	U S CONCRETE INC	$1,704,000	+9.3%	30,825	-1.8%	1.51%	+10.8%
DUK	Sell	DUKE ENERGY CORP NEW	$1,524,000	+7.8%	15,897	-0.8%	1.35%	+9.2%
CLF	Buy	CLEVELAND CLIFFS INC	$1,477,000	+104.9%	204,578	+202.8%	1.31%	+107.6%
TBK	Sell	TRIUMPH BANCORP INC	$1,429,000	-23.3%	44,800	-30.1%	1.27%	-22.2%
WMT	Sell	WALMART INC	$1,411,000	-1.3%	11,891	-8.1%	1.25%	0.0%
HD	Sell	HOME DEPOT INC	$1,392,000	+6.3%	6,001	-4.7%	1.23%	+7.7%
SLB	Buy	SCHLUMBERGER LTD	$1,364,000	+40.5%	39,927	+63.5%	1.21%	+42.4%
DOW	Buy	DOW INC	$1,273,000	+31.6%	26,712	+36.1%	1.13%	+33.5%
CVS	Buy	CVS HEALTH CORP	$1,191,000	+21.4%	18,889	+4.9%	1.06%	+23.1%
CCS	Buy	CENTURY CMNTYS INC	$1,101,000	+210.1%	35,960	+169.4%	0.98%	+213.8%
JPM	Buy	JPMORGAN CHASE & CO	$1,101,000	+6.4%	9,354	+1.1%	0.98%	+7.8%
HP	Buy	HELMERICH & PAYNE IN	$1,067,000	-17.5%	26,632	+4.3%	0.95%	-16.4%
INTC	Sell	INTEL CORP	$1,067,000	-15.6%	20,701	-21.6%	0.95%	-14.5%
DAL	Sell	DELTA AIR LINES INC	$1,018,000	-0.1%	17,676	-1.6%	0.90%	+1.3%
X	Sell	UNITED STATES STL CO	$1,004,000	-36.8%	86,933	-16.3%	0.89%	-36.0%
CSCO	Sell	CISCO SYS INC	$883,000	-10.0%	17,874	-0.3%	0.78%	-8.7%
FDX	Sell	FEDEX CORP	$863,000	-18.6%	5,929	-8.1%	0.76%	-17.5%
NCLH	Buy	NORWEGIAN CRUISE LIN	$862,000	+27.7%	16,650	+32.4%	0.76%	+29.5%
NXPI	Sell	NXP SEMICONDUCTORS N	$822,000	+9.7%	7,530	-1.9%	0.73%	+11.3%
URI	Buy	UNITED RENTALS INC	$801,000	+62.5%	6,425	+72.9%	0.71%	+64.7%
SO	Sell	SOUTHERN CO	$801,000	+7.7%	12,969	-3.6%	0.71%	+9.1%
MTDR	Sell	MATADOR RES CO	$784,000	-19.9%	47,400	-3.7%	0.70%	-18.8%
AEE	Sell	AMEREN CORP	$754,000	+3.4%	9,421	-3.0%	0.67%	+4.9%
PG	Sell	PROCTER AND GAMBLE C	$745,000	+6.1%	5,993	-6.4%	0.66%	+7.7%
AMAT	Sell	APPLIED MATLS INC	$711,000	-27.2%	14,250	-34.5%	0.63%	-26.3%
CAT	Sell	CATERPILLAR INC DEL	$651,000	-14.3%	5,155	-7.6%	0.58%	-13.2%
HOME	Buy	AT HOME GROUP INC	$632,000	+191.2%	65,700	+101.7%	0.56%	+194.7%
KO	Buy	COCA COLA CO	$592,000	+8.4%	10,872	+1.4%	0.52%	+9.8%
ABT	New	ABBOTT LABS	$569,000	–	6,800	–	0.50%	–
GM	Sell	GENERAL MTRS CO	$541,000	-37.5%	14,432	-35.8%	0.48%	-36.6%
AAPL	Buy	APPLE INC	$521,000	+23.8%	2,324	+9.2%	0.46%	+25.5%
BSX	Sell	BOSTON SCIENTIFIC CO	$472,000	-16.5%	11,600	-11.8%	0.42%	-15.2%
MU	Sell	MICRON TECHNOLOGY IN	$451,000	-24.8%	10,525	-32.3%	0.40%	-23.8%
WFC	New	WELLS FARGO CO NEW	$438,000	–	8,675	–	0.39%	–
COST	Sell	COSTCO WHSL CORP NEW	$426,000	-9.4%	1,480	-16.9%	0.38%	-8.0%
MPW	New	MEDICAL PPTYS TRUST	$421,000	–	21,542	–	0.37%	–
FB	Buy	FACEBOOK INCcl a	$401,000	-6.5%	2,250	+1.1%	0.36%	-5.1%
CVX	Buy	CHEVRON CORP NEW	$386,000	-3.3%	3,255	+1.6%	0.34%	-2.0%
AEP	Sell	AMERICAN ELEC PWR CO	$368,000	+0.3%	3,925	-6.0%	0.33%	+1.6%
PYPL	Sell	PAYPAL HLDGS INC	$368,000	-15.4%	3,550	-6.6%	0.33%	-14.2%
BP	Sell	BP PLCsponsored adr	$359,000	-17.8%	9,450	-9.8%	0.32%	-16.8%
C	Sell	CITIGROUP INC	$314,000	-48.1%	4,540	-47.5%	0.28%	-47.4%
SJM	Sell	SMUCKER J M CO	$260,000	-28.8%	2,365	-25.3%	0.23%	-27.6%
WHR	Buy	WHIRLPOOL CORP	$261,000	+24.3%	1,650	+11.9%	0.23%	+25.5%
VST	Sell	VISTRA ENERGY CORP	$238,000	-2.1%	8,900	-17.2%	0.21%	-0.9%
ET	Buy	ENERGY TRANSFER LP	$232,000	-5.7%	17,730	+1.4%	0.21%	-4.2%
RLJPRA	Sell	RLJ LODGING TRcum conv pfd a	$223,000	+1.8%	8,250	-1.2%	0.20%	+3.1%
V	New	VISA INC	$215,000	–	1,250	–	0.19%	–
PACW	New	PACWEST BANCORP DEL	$213,000	–	5,850	–	0.19%	–
CPRI	New	CAPRI HOLDINGS LIMIT	$212,000	–	6,400	–	0.19%	–
KHC	Sell	KRAFT HEINZ CO	$210,000	-28.3%	7,525	-20.3%	0.19%	-27.3%
BC	New	BRUNSWICK CORP	$206,000	–	3,950	–	0.18%	–
AEO	New	AMERICAN EAGLE OUTFI	$187,000	–	11,500	–	0.17%	–
WTRH	Buy	WAITR HLDGS INC	$71,000	-45.8%	55,500	+166.1%	0.06%	-45.2%
	Sell	FALCON MINERALS CORP	$63,000	-71.1%	11,000	-57.7%	0.06%	-70.7%
AXAS	Buy	ABRAXAS PETE CORP	$10,000	-23.1%	19,493	+56.0%	0.01%	-18.2%
CRK	Exit	COMSTOCK RES INC	$0	–	-25,200	–	-0.12%	–
GMRE	Exit	GLOBAL MED REIT INCret	$0	–	-17,750	–	-0.16%	–
TM	Exit	TOYOTA MOTOR CORPadr	$0	–	-1,900	–	-0.21%	–
IBTX	Exit	INDEPENDENT BK GROUP	$0	–	-5,160	–	-0.25%	–
WIRE	Exit	ENCORE WIRE CORP	$0	–	-4,875	–	-0.25%	–
UAL	Exit	UNITED CONTL HLDGS I	$0	–	-3,400	–	-0.26%	–
BX	Exit	BLACKSTONE GROUP L Pltp	$0	–	-11,350	–	-0.44%	–
CNK	Exit	CINEMARK HOLDINGS IN	$0	–	-31,800	–	-1.00%	–

Q2 2019

			Value		Shares		↓ Weighting
TPL	New	TEXAS PAC LD TR	$16,493,000	–	20,957	–	14.43%	–
BA	New	BOEING CO	$6,358,000	–	17,465	–	5.56%	–
CMC	New	COMMERCIAL METALS CO	$5,457,000	–	305,717	–	4.77%	–
JNJ	New	JOHNSON & JOHNSON	$3,632,000	–	26,075	–	3.18%	–
IP	New	INTL PAPER CO	$3,204,000	–	73,960	–	2.80%	–
MRK	New	MERCK & CO INC	$3,078,000	–	36,712	–	2.69%	–
GEO	New	GEO GROUP INC NEW	$3,045,000	–	144,953	–	2.66%	–
RHP	New	RYMAN HOSPITALITY PP	$2,952,000	–	36,406	–	2.58%	–
XEL	New	XCEL ENERGY INC	$2,904,000	–	48,817	–	2.54%	–
T	New	AT&T INC	$2,767,000	–	82,568	–	2.42%	–
OKE	New	ONEOK INC NEW	$2,744,000	–	39,885	–	2.40%	–
BAC	New	BANK AMER CORP	$2,716,000	–	93,667	–	2.38%	–
XOM	New	EXXON MOBIL CORP	$2,538,000	–	33,117	–	2.22%	–
ENLC	New	ENLINK MIDSTREAM LLCltp	$2,435,000	–	241,297	–	2.13%	–
EXP	New	EAGLE MATERIALS INC	$2,386,000	–	25,736	–	2.09%	–
VZ	New	VERIZON COMMUNICATIO	$2,359,000	–	41,297	–	2.06%	–
LUV	New	SOUTHWEST AIRLS CO	$2,256,000	–	44,434	–	1.97%	–
ATO	New	ATMOS ENERGY CORP	$1,958,000	–	18,550	–	1.71%	–
AAL	New	AMERICAN AIRLS GROUP	$1,955,000	–	59,943	–	1.71%	–
TBK	New	TRIUMPH BANCORP INC	$1,862,000	–	64,100	–	1.63%	–
X	New	UNITED STATES STL CO	$1,589,000	–	103,816	–	1.39%	–
USCR	New	U S CONCRETE INC	$1,559,000	–	31,381	–	1.36%	–
WMT	New	WALMART INC	$1,430,000	–	12,940	–	1.25%	–
ABBV	New	ABBVIE INC	$1,415,000	–	19,458	–	1.24%	–
DUK	New	DUKE ENERGY CORP NEW	$1,414,000	–	16,020	–	1.24%	–
HD	New	HOME DEPOT INC	$1,310,000	–	6,297	–	1.15%	–
HP	New	HELMERICH & PAYNE IN	$1,293,000	–	25,542	–	1.13%	–
INTC	New	INTEL CORP	$1,264,000	–	26,400	–	1.11%	–
CNK	New	CINEMARK HOLDINGS IN	$1,148,000	–	31,800	–	1.00%	–
FDX	New	FEDEX CORP	$1,060,000	–	6,453	–	0.93%	–
JPM	New	JPMORGAN CHASE & CO	$1,035,000	–	9,254	–	0.90%	–
DAL	New	DELTA AIR LINES INC	$1,019,000	–	17,963	–	0.89%	–
CVS	New	CVS HEALTH CORP	$981,000	–	18,003	–	0.86%	–
CSCO	New	CISCO SYS INC	$981,000	–	17,921	–	0.86%	–
MTDR	New	MATADOR RES CO	$979,000	–	49,225	–	0.86%	–
AMAT	New	APPLIED MATLS INC	$977,000	–	21,750	–	0.86%	–
SLB	New	SCHLUMBERGER LTD	$971,000	–	24,427	–	0.85%	–
DOW	New	DOW INC	$967,000	–	19,620	–	0.85%	–
GM	New	GENERAL MTRS CO	$865,000	–	22,463	–	0.76%	–
CAT	New	CATERPILLAR INC DEL	$760,000	–	5,580	–	0.66%	–
NXPI	New	NXP SEMICONDUCTORS N	$749,000	–	7,675	–	0.66%	–
SO	New	SOUTHERN CO	$744,000	–	13,459	–	0.65%	–
AEE	New	AMEREN CORP	$729,000	–	9,712	–	0.64%	–
CLF	New	CLEVELAND CLIFFS INC	$721,000	–	67,569	–	0.63%	–
MSFT	New	MICROSOFT CORP	$717,000	–	5,355	–	0.63%	–
PG	New	PROCTER AND GAMBLE C	$702,000	–	6,401	–	0.61%	–
NCLH	New	NORWEGIAN CRUISE LIN	$675,000	–	12,580	–	0.59%	–
DIS	New	DISNEY WALT CO	$622,000	–	4,455	–	0.54%	–
C	New	CITIGROUP INC	$605,000	–	8,640	–	0.53%	–
MU	New	MICRON TECHNOLOGY IN	$600,000	–	15,550	–	0.52%	–
BSX	New	BOSTON SCIENTIFIC CO	$565,000	–	13,150	–	0.49%	–
HON	New	HONEYWELL INTL INC	$559,000	–	3,200	–	0.49%	–
KO	New	COCA COLA CO	$546,000	–	10,722	–	0.48%	–
BX	New	BLACKSTONE GROUP L Pltp	$504,000	–	11,350	–	0.44%	–
URI	New	UNITED RENTALS INC	$493,000	–	3,715	–	0.43%	–
COST	New	COSTCO WHSL CORP NEW	$470,000	–	1,780	–	0.41%	–
TXN	New	TEXAS INSTRS INC	$438,000	–	3,819	–	0.38%	–
BP	New	BP PLCadr	$437,000	–	10,480	–	0.38%	–
PYPL	New	PAYPAL HLDGS INC	$435,000	–	3,800	–	0.38%	–
FB	New	FACEBOOK INC	$429,000	–	2,225	–	0.38%	–
AAPL	New	APPLE INC	$421,000	–	2,128	–	0.37%	–
CVX	New	CHEVRON CORP NEW	$399,000	–	3,204	–	0.35%	–
AEP	New	AMERICAN ELEC PWR CO	$367,000	–	4,175	–	0.32%	–
SJM	New	SMUCKER J M CO	$365,000	–	3,165	–	0.32%	–
CCS	New	CENTURY CMNTYS INC	$355,000	–	13,350	–	0.31%	–
VTR	New	VENTAS INC	$332,000	–	4,863	–	0.29%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$318,000	–	1	–	0.28%	–
UAL	New	UNITED CONTL HLDGS I	$298,000	–	3,400	–	0.26%	–
KHC	New	KRAFT HEINZ CO	$293,000	–	9,441	–	0.26%	–
WIRE	New	ENCORE WIRE CORP	$286,000	–	4,875	–	0.25%	–
IBTX	New	INDEPENDENT BK GROUP	$284,000	–	5,160	–	0.25%	–
ET	New	ENERGY TRANSFER LPltp	$246,000	–	17,480	–	0.22%	–
LMT	New	LOCKHEED MARTIN CORP	$245,000	–	675	–	0.21%	–
VST	New	VISTRA ENERGY CORP	$243,000	–	10,750	–	0.21%	–
TM	New	TOYOTA MOTOR CORPadr	$236,000	–	1,900	–	0.21%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$224,000	–	1,050	–	0.20%	–
COP	New	CONOCOPHILLIPS	$223,000	–	3,648	–	0.20%	–
RLJPRA	New	RLJ LODGING TRpfd	$219,000	–	8,350	–	0.19%	–
	New	FALCON MINERALS CORP	$218,000	–	26,000	–	0.19%	–
HOME	New	AT HOME GROUP INC	$217,000	–	32,580	–	0.19%	–
WHR	New	WHIRLPOOL CORP	$210,000	–	1,475	–	0.18%	–
GMRE	New	GLOBAL MED REIT INCret	$186,000	–	17,750	–	0.16%	–
CRK	New	COMSTOCK RES INC	$140,000	–	25,200	–	0.12%	–
WTRH	New	WAITR HLDGS INC	$131,000	–	20,860	–	0.12%	–
AXAS	New	ABRAXAS PETE CORP	$13,000	–	12,493	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
DXYN	Exit	Dixie Group Inc Cl A	$0	–	-16,950	–	-0.02%	–
JCPNQ	Exit	Penney J C Inc	$0	–	-44,500	–	-0.05%	–
INTZ	Exit	Intrusion Inc	$0	–	-63,350	–	-0.10%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-10,675	–	-0.12%	–
GMRE	Exit	Global Med REIT Incret	$0	–	-21,750	–	-0.13%	–
VTR	Exit	Ventas Incret	$0	–	-3,854	–	-0.13%	–
BRKB	Exit	Berkshire Hathaway Inc Cl B	$0	–	-1,000	–	-0.13%	–
HTH	Exit	Hilltop Holdings Inc	$0	–	-11,150	–	-0.14%	–
LOW	Exit	Lowes Cos Inc	$0	–	-2,000	–	-0.14%	–
ET	Exit	Energy Transfer LPltp	$0	–	-13,450	–	-0.15%	–
CELG	Exit	Celgene Corp	$0	–	-2,613	–	-0.15%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-675	–	-0.15%	–
OC	Exit	Owens Corning New	$0	–	-4,500	–	-0.15%	–
RLJPRA	Exit	RLJ Lodging Tr Cum Conv Pfd Apfd	$0	–	-9,500	–	-0.15%	–
DIS	Exit	Disney Walt Co Disney	$0	–	-2,155	–	-0.16%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-3,325	–	-0.16%	–
KKR	Exit	KKR & Co Inc Cl A	$0	–	-10,000	–	-0.17%	–
ADM	Exit	Archer Daniels Midland Co	$0	–	-5,550	–	-0.17%	–
PYPL	Exit	Paypal Holdings Inc	$0	–	-3,300	–	-0.18%	–
COP	Exit	ConocoPhillips	$0	–	-3,748	–	-0.18%	–
CONE	Exit	CyrusOne Incret	$0	–	-4,600	–	-0.18%	–
AEP	Exit	American Electric Power Inc	$0	–	-4,675	–	-0.19%	–
BRKA	Exit	Berkshire Hathaway Inc Cl A	$0	–	-1	–	-0.20%	–
CF	Exit	CF Industries Holdings Inc	$0	–	-5,911	–	-0.20%	–
MYL	Exit	Mylan NV Euro	$0	–	-9,050	–	-0.21%	–
	Exit	Hodges Fund Institutionalmtf	$0	–	-6,827	–	-0.21%	–
CVX	Exit	Chevron Corp	$0	–	-2,995	–	-0.23%	–
MSFT	Exit	Microsoft Corp	$0	–	-3,335	–	-0.24%	–
VST	Exit	Vistra Energy Corp	$0	–	-15,350	–	-0.24%	–
WHR	Exit	Whirlpool Corp	$0	–	-3,230	–	-0.24%	–
CRK	Exit	Comstock Resources Inc	$0	–	-47,056	–	-0.25%	–
TXN	Exit	Texas Instruments Inc	$0	–	-4,024	–	-0.27%	–
FCX	Exit	Freeport-McMoran Inc Cl B	$0	–	-31,596	–	-0.28%	–
CCS	Exit	Century Communities Inc	$0	–	-17,150	–	-0.28%	–
TM	Exit	Toyota Motor Corp Sp ADR 2adr	$0	–	-3,650	–	-0.28%	–
CVS	Exit	CVS Health Corp	$0	–	-6,008	–	-0.30%	–
CLF	Exit	Cleveland Cliffs Inc	$0	–	-37,550	–	-0.30%	–
SAVE	Exit	Spirit Airlines Inc	$0	–	-10,650	–	-0.31%	–
CSU	Exit	Capital Senior Living Corp	$0	–	-57,250	–	-0.34%	–
MTDR	Exit	Matador Resources Co	$0	–	-16,385	–	-0.34%	–
BP	Exit	BP PLC Sp ADRadr	$0	–	-11,765	–	-0.34%	–
UAL	Exit	United Continental Holdings In	$0	–	-6,375	–	-0.36%	–
MRK	Exit	Merck & Co Inc	$0	–	-8,186	–	-0.36%	–
PE	Exit	Parsley Energy Inc Cl A	$0	–	-20,150	–	-0.37%	–
SO	Exit	Southern Co	$0	–	-14,257	–	-0.39%	–
TRN	Exit	Trinity Industries Inc	$0	–	-17,049	–	-0.39%	–
NCLH	Exit	Norwegian Cruise Line Holdings	$0	–	-11,050	–	-0.40%	–
HON	Exit	Honeywell Intl Inc	$0	–	-3,900	–	-0.40%	–
BX	Exit	Blackstone Group LPltp	$0	–	-17,249	–	-0.41%	–
AEE	Exit	Ameren Corp	$0	–	-10,457	–	-0.41%	–
AAPL	Exit	Apple Inc	$0	–	-2,966	–	-0.42%	–
HAL	Exit	Halliburton Co	$0	–	-16,784	–	-0.42%	–
CAT	Exit	Caterpillar Inc	$0	–	-4,955	–	-0.47%	–
DWDP	Exit	Dowdupont Inc	$0	–	-11,840	–	-0.48%	–
C	Exit	Citigroup Inc	$0	–	-10,752	–	-0.48%	–
MU	Exit	Micron Technology Inc	$0	–	-17,275	–	-0.49%	–
PG	Exit	Procter And Gamble Co	$0	–	-9,779	–	-0.51%	–
AMAT	Exit	Applied Materials Inc	$0	–	-21,079	–	-0.51%	–
FB	Exit	Facebook Inc Cl A	$0	–	-5,035	–	-0.52%	–
COST	Exit	Costco Wholesale Corp	$0	–	-3,680	–	-0.54%	–
LTXB	Exit	Legacy TX Financial Group Inc	$0	–	-21,768	–	-0.58%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-9,204	–	-0.65%	–
WIRE	Exit	Encore Wire Corp	$0	–	-22,753	–	-0.71%	–
	Exit	Hodges Small Cap Fundmtf	$0	–	-54,260	–	-0.73%	–
FDX	Exit	FedEx Corp	$0	–	-4,957	–	-0.75%	–
HD	Exit	Home Depot Inc	$0	–	-5,921	–	-0.77%	–
CNK	Exit	Cinemark Holdings Inc	$0	–	-33,100	–	-0.83%	–
INTC	Exit	Intel Corp	$0	–	-28,447	–	-0.84%	–
GM	Exit	General Motors Co	$0	–	-40,084	–	-0.84%	–
TBK	Exit	Triumph Bancorp Inc	$0	–	-36,600	–	-0.87%	–
DUK	Exit	Duke Energy Corp	$0	–	-17,719	–	-0.89%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-32,410	–	-0.98%	–
DAL	Exit	Delta Air Lines Inc	$0	–	-27,641	–	-1.00%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-17,336	–	-1.02%	–
HP	Exit	Helmerich & Payne Inc	$0	–	-24,605	–	-1.06%	–
KHC	Exit	Kraft Heinz Co	$0	–	-32,323	–	-1.11%	–
	Exit	Hodges Small-Mid Cap Fundmtf	$0	–	-126,806	–	-1.13%	–
	Exit	Hodges Pure Contrarianmtf	$0	–	-170,368	–	-1.30%	–
EXP	Exit	Eagle Materials Inc	$0	–	-24,752	–	-1.32%	–
VZ	Exit	Verizon Communications Inc	$0	–	-41,245	–	-1.38%	–
ATO	Exit	Atmos Energy Corp	$0	–	-23,557	–	-1.38%	–
OKE	Exit	Oneok Inc	$0	–	-34,300	–	-1.45%	–
AAL	Exit	American Airlines Group Inc	$0	–	-60,526	–	-1.56%	–
XEL	Exit	Xcel Energy Inc	$0	–	-53,178	–	-1.57%	–
ABBV	Exit	AbbVie Inc	$0	–	-26,764	–	-1.58%	–
T	Exit	AT&T Inc	$0	–	-82,806	–	-1.74%	–
USCR	Exit	US Concrete Inc	$0	–	-63,175	–	-1.81%	–
X	Exit	United States Steel Corp	$0	–	-95,222	–	-1.81%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-35,244	–	-1.87%	–
ENLC	Exit	Enlink Midstream LLC Unit Repltp	$0	–	-182,472	–	-1.88%	–
LUV	Exit	Southwest Airlines Co	$0	–	-59,795	–	-2.33%	–
GEO	Exit	GEO Group Incret	$0	–	-151,379	–	-2.38%	–
JNJ	Exit	Johnson & Johnson	$0	–	-27,607	–	-2.38%	–
CMC	Exit	Commercial Metals Co	$0	–	-187,259	–	-2.40%	–
RHP	Exit	Ryman Hospitality Properties Iret	$0	–	-50,357	–	-2.71%	–
	Exit	Hodges Blue Chip Equity Incomemtf	$0	–	-271,866	–	-2.95%	–
IP	Exit	International Paper Co	$0	–	-117,541	–	-3.61%	–
BAC	Exit	Bank America Corp	$0	–	-99,540	–	-3.64%	–
BA	Exit	Boeing Co	$0	–	-16,411	–	-3.81%	–
	Exit	Hodges Fundmtf	$0	–	-298,278	–	-8.98%	–
TPL	Exit	Texas Pac Ld Tr Sub Ctf Prop I	$0	–	-23,998	–	-12.93%	–

Q3 2018

			Value		Shares		↓ Weighting
TPL	Sell	Texas Pac Ld Tr Sub Ctf Prop I	$20,700,000	+18.8%	23,998	-4.2%	12.93%	+16.1%
	Sell	Hodges Fundmtf	$14,368,000	-19.4%	298,278	-27.4%	8.98%	-21.2%
BA	Sell	Boeing Co	$6,103,000	+6.6%	16,411	-3.8%	3.81%	+4.2%
BAC	Buy	Bank America Corp	$5,824,000	+107.8%	99,540	+0.1%	3.64%	+103.1%
IP	Buy	International Paper Co	$5,777,000	-0.6%	117,541	+5.3%	3.61%	-2.9%
	Sell	Hodges Blue Chip Equity Incomemtf	$4,717,000	-25.3%	271,866	-31.8%	2.95%	-27.0%
RHP	Sell	Ryman Hospitality Properties Iret	$4,339,000	-0.3%	50,357	-3.8%	2.71%	-2.6%
CMC	Buy	Commercial Metals Co	$3,842,000	+18.2%	187,259	+21.6%	2.40%	+15.5%
JNJ	Buy	Johnson & Johnson	$3,815,000	+14.3%	27,607	+0.4%	2.38%	+11.7%
GEO	Buy	GEO Group Incret	$3,809,000	-7.3%	151,379	+1.4%	2.38%	-9.4%
LUV	Sell	Southwest Airlines Co	$3,734,000	+18.5%	59,795	-3.5%	2.33%	+15.8%
ENLC	Buy	Enlink Midstream LLC Unit Repltp	$3,002,000	+34.1%	182,472	+34.1%	1.88%	+31.0%
XOM	Buy	Exxon Mobil Corp	$2,997,000	+6.8%	35,244	+3.8%	1.87%	+4.3%
X	Buy	United States Steel Corp	$2,902,000	+116.6%	95,222	+146.9%	1.81%	+111.6%
USCR	Buy	US Concrete Inc	$2,897,000	+32.6%	63,175	+51.9%	1.81%	+29.7%
T	Buy	AT&T Inc	$2,781,000	+10.5%	82,806	+5.7%	1.74%	+8.0%
ABBV	Sell	AbbVie Inc	$2,531,000	+1.9%	26,764	-0.2%	1.58%	-0.4%
XEL	Sell	Xcel Energy Inc	$2,511,000	+3.0%	53,178	-0.4%	1.57%	+0.6%
AAL	Buy	American Airlines Group Inc	$2,501,000	+38.6%	60,526	+27.3%	1.56%	+35.4%
OKE	Buy	Oneok Inc	$2,325,000	+3.5%	34,300	+6.6%	1.45%	+1.1%
ATO	Sell	Atmos Energy Corp	$2,212,000	+3.1%	23,557	-1.1%	1.38%	+0.7%
VZ	Buy	Verizon Communications Inc	$2,202,000	+13.9%	41,245	+7.3%	1.38%	+11.2%
EXP	Buy	Eagle Materials Inc	$2,110,000	-9.9%	24,752	+10.9%	1.32%	-12.0%
	Sell	Hodges Pure Contrarianmtf	$2,077,000	-16.1%	170,368	-18.2%	1.30%	-18.0%
	Sell	Hodges Small-Mid Cap Fundmtf	$1,807,000	-25.4%	126,806	-32.0%	1.13%	-27.1%
KHC	Buy	Kraft Heinz Co	$1,781,000	-5.8%	32,323	+7.4%	1.11%	-7.9%
HP	Buy	Helmerich & Payne Inc	$1,692,000	+8.6%	24,605	+0.6%	1.06%	+6.1%
WMT	Sell	Wal-Mart Stores Inc	$1,628,000	+6.6%	17,336	-2.8%	1.02%	+4.2%
DAL	Sell	Delta Air Lines Inc	$1,605,000	+3.9%	27,641	-11.4%	1.00%	+1.5%
CSCO	Sell	Cisco Systems Inc	$1,577,000	-22.0%	32,410	-31.1%	0.98%	-23.8%
DUK	Sell	Duke Energy Corp	$1,418,000	+0.4%	17,719	-0.8%	0.89%	-1.9%
TBK	Buy	Triumph Bancorp Inc	$1,398,000	-3.5%	36,600	+3.0%	0.87%	-5.7%
GM	Sell	General Motors Co	$1,350,000	-20.4%	40,084	-6.9%	0.84%	-22.2%
INTC	Buy	Intel Corp	$1,345,000	+21.4%	28,447	+27.6%	0.84%	+18.6%
CNK	Buy	Cinemark Holdings Inc	$1,331,000	+59.8%	33,100	+39.4%	0.83%	+56.1%
HD	Sell	Home Depot Inc	$1,226,000	+4.9%	5,921	-1.3%	0.77%	+2.5%
FDX	Sell	FedEx Corp	$1,194,000	-13.9%	4,957	-18.8%	0.75%	-15.9%
	Sell	Hodges Small Cap Fundmtf	$1,171,000	-28.3%	54,260	-35.7%	0.73%	-29.9%
WIRE	Sell	Encore Wire Corp	$1,140,000	-40.0%	22,753	-43.2%	0.71%	-41.4%
JPM	Buy	JPMorgan Chase & Co	$1,038,000	+13.2%	9,204	+4.5%	0.65%	+10.6%
LTXB	Buy	Legacy TX Financial Group Inc	$927,000	+283.1%	21,768	+250.3%	0.58%	+273.5%
COST	Sell	Costco Wholesale Corp	$864,000	+10.9%	3,680	-1.3%	0.54%	+8.4%
FB	Buy	Facebook Inc Cl A	$828,000	-11.3%	5,035	+4.7%	0.52%	-13.4%
AMAT	Buy	Applied Materials Inc	$815,000	-12.8%	21,079	+4.1%	0.51%	-14.9%
PG	Sell	Procter And Gamble Co	$814,000	-13.7%	9,779	-19.0%	0.51%	-15.6%
MU	Buy	Micron Technology Inc	$782,000	-1.5%	17,275	+14.2%	0.49%	-3.7%
C	Sell	Citigroup Inc	$771,000	+1.4%	10,752	-5.3%	0.48%	-0.8%
DWDP	Sell	Dowdupont Inc	$761,000	-18.3%	11,840	-16.3%	0.48%	-20.3%
HAL	Buy	Halliburton Co	$680,000	+5.3%	16,784	+17.1%	0.42%	+2.9%
AAPL	Buy	Apple Inc	$669,000	+22.1%	2,966	+0.1%	0.42%	+19.4%
AEE	Buy	Ameren Corp	$661,000	+3.9%	10,457	+0.0%	0.41%	+1.5%
BX	Buy	Blackstone Group LPltp	$657,000	+28.8%	17,249	+8.8%	0.41%	+25.8%
HON	Sell	Honeywell Intl Inc	$649,000	+14.1%	3,900	-1.3%	0.40%	+11.3%
NCLH	Sell	Norwegian Cruise Line Holdings	$635,000	+4.1%	11,050	-14.3%	0.40%	+1.8%
TRN	Buy	Trinity Industries Inc	$625,000	+85.5%	17,049	+73.6%	0.39%	+81.4%
SO	Buy	Southern Co	$622,000	-3.4%	14,257	+2.5%	0.39%	-5.6%
PE	Sell	Parsley Energy Inc Cl A	$589,000	-5.6%	20,150	-2.2%	0.37%	-7.8%
MRK	Buy	Merck & Co Inc	$581,000	+16.9%	8,186	+0.0%	0.36%	+14.2%
UAL	Sell	United Continental Holdings In	$568,000	-6.1%	6,375	-26.5%	0.36%	-8.3%
BP	Buy	BP PLC Sp ADRadr	$542,000	+0.9%	11,765	+0.0%	0.34%	-1.2%
MTDR	Sell	Matador Resources Co	$541,000	-0.9%	16,385	-9.9%	0.34%	-3.2%
CSU	Buy	Capital Senior Living Corp	$540,000	-7.7%	57,250	+4.4%	0.34%	-9.9%
SAVE	Sell	Spirit Airlines Inc	$500,000	-28.9%	10,650	-45.0%	0.31%	-30.5%
CLF	Sell	Cleveland Cliffs Inc	$475,000	-31.6%	37,550	-54.4%	0.30%	-33.1%
CVS	Buy	CVS Health Corp	$473,000	+49.7%	6,008	+22.4%	0.30%	+46.5%
TM	Sell	Toyota Motor Corp Sp ADR 2adr	$454,000	-13.0%	3,650	-9.9%	0.28%	-15.0%
CCS	Sell	Century Communities Inc	$450,000	-31.8%	17,150	-18.0%	0.28%	-33.4%
FCX	Sell	Freeport-McMoran Inc Cl B	$440,000	-42.2%	31,596	-28.3%	0.28%	-43.5%
TXN	Sell	Texas Instruments Inc	$432,000	-17.9%	4,024	-15.7%	0.27%	-19.6%
CRK	Buy	Comstock Resources Inc	$395,000	-6.2%	47,056	+17.6%	0.25%	-8.2%
WHR	Sell	Whirlpool Corp	$384,000	-31.9%	3,230	-16.2%	0.24%	-33.5%
VST	Sell	Vistra Energy Corp	$382,000	-29.4%	15,350	-32.8%	0.24%	-30.9%
MSFT	New	Microsoft Corp	$381,000	–	3,335	–	0.24%	–
MYL	Sell	Mylan NV Euro	$331,000	-36.7%	9,050	-37.5%	0.21%	-38.0%
CF	Sell	CF Industries Holdings Inc	$322,000	+8.8%	5,911	-11.2%	0.20%	+6.3%
AEP	Buy	American Electric Power Inc	$308,000	+6.6%	4,675	+12.0%	0.19%	+3.8%
CONE	Sell	CyrusOne Incret	$292,000	-36.4%	4,600	-41.5%	0.18%	-37.9%
ADM	Buy	Archer Daniels Midland Co	$279,000	+24.0%	5,550	+13.3%	0.17%	+20.8%
KKR	New	KKR & Co Inc Cl A	$273,000	–	10,000	–	0.17%	–
GILD	Buy	Gilead Sciences Inc	$257,000	+28.5%	3,325	+17.7%	0.16%	+25.8%
RLJPRA	Sell	RLJ Lodging Tr Cum Conv Pfd Apfd	$247,000	-3.9%	9,500	-3.1%	0.15%	-6.1%
OC	Buy	Owens Corning New	$244,000	+4.3%	4,500	+21.6%	0.15%	+1.3%
ET	Buy	Energy Transfer LPltp	$234,000	+6.4%	13,450	+5.5%	0.15%	+3.5%
LMT	New	Lockheed Martin Corp	$234,000	–	675	–	0.15%	–
LOW	New	Lowes Cos Inc	$230,000	–	2,000	–	0.14%	–
HTH	Sell	Hilltop Holdings Inc	$225,000	-45.7%	11,150	-40.5%	0.14%	-46.8%
BRKB	New	Berkshire Hathaway Inc Cl B	$214,000	–	1,000	–	0.13%	–
VTR	New	Ventas Incret	$210,000	–	3,854	–	0.13%	–
GMRE	Sell	Global Med REIT Incret	$205,000	-8.5%	21,750	-13.9%	0.13%	-10.5%
KMI	Sell	Kinder Morgan Inc	$190,000	-8.2%	10,675	-8.6%	0.12%	-9.8%
INTZ	Sell	Intrusion Inc	$160,000	-4.2%	63,350	-38.3%	0.10%	-6.5%
JCPNQ	Sell	Penney J C Inc	$74,000	-80.3%	44,500	-72.3%	0.05%	-80.8%
AMC	Exit	AMC Entertainment Holdings Inc	$0	–	-10,750	–	-0.11%	–
MS	Exit	Morgan Stanley	$0	–	-4,400	–	-0.13%	–
SKX	Exit	Skechers USA Inc Cl A	$0	–	-8,000	–	-0.15%	–
KKR	Exit	KKR & Co LP Del Unitsltp	$0	–	-10,500	–	-0.17%	–
IDTI	Exit	Integrated Device Technology	$0	–	-8,300	–	-0.17%	–
	Exit	HODGES SMALL INTRINSICmtf	$0	–	-21,747	–	-0.17%	–
WFC	Exit	Wells Fargo & Co	$0	–	-5,228	–	-0.18%	–
TPR	Exit	Tapestry Inc	$0	–	-10,205	–	-0.30%	–

Q2 2018

			Value		Shares		↓ Weighting
	New	Hodges Fundmtf	$17,823,000	–	411,123	–	11.40%	–
TPL	New	Texas Pac Ld Tr Sub Ctf Prop I	$17,424,000	–	25,058	–	11.14%	–
	New	Professionally Managed Portfolmtf	$6,313,000	–	398,644	–	4.04%	–
IP	New	International Paper Co	$5,811,000	–	111,573	–	3.72%	–
BA	New	Boeing Co	$5,723,000	–	17,057	–	3.66%	–
RHP	New	Ryman Hospitality Properties Iret	$4,352,000	–	52,348	–	2.78%	–
GEO	New	GEO Group Incret	$4,110,000	–	149,237	–	2.63%	–
JNJ	New	Johnson & Johnson	$3,338,000	–	27,503	–	2.13%	–
CMC	New	Commercial Metals Co	$3,250,000	–	153,963	–	2.08%	–
LUV	New	Southwest Airlines Co	$3,152,000	–	61,960	–	2.02%	–
XOM	New	Exxon Mobil Corp	$2,807,000	–	33,940	–	1.80%	–
BAC	New	Bank America Corp	$2,803,000	–	99,439	–	1.79%	–
T	New	AT&T Inc	$2,516,000	–	78,360	–	1.61%	–
ABBV	New	AbbVie Inc	$2,484,000	–	26,811	–	1.59%	–
	New	Professionally Managed Portfolmtf	$2,475,000	–	208,306	–	1.58%	–
XEL	New	Xcel Energy Inc	$2,439,000	–	53,391	–	1.56%	–
	New	Professionally Managed Portfolmtf	$2,422,000	–	186,404	–	1.55%	–
EXP	New	Eagle Materials Inc	$2,343,000	–	22,326	–	1.50%	–
OKE	New	Oneok Inc	$2,247,000	–	32,175	–	1.44%	–
ENLC	New	Enlink Midstream LLC Unit Repltp	$2,238,000	–	136,032	–	1.43%	–
USCR	New	US Concrete Inc	$2,184,000	–	41,600	–	1.40%	–
ATO	New	Atmos Energy Corp	$2,146,000	–	23,816	–	1.37%	–
CSCO	New	Cisco Systems Inc	$2,023,000	–	47,006	–	1.29%	–
VZ	New	Verizon Communications Inc	$1,934,000	–	38,436	–	1.24%	–
WIRE	New	Encore Wire Corp	$1,900,000	–	40,028	–	1.22%	–
KHC	New	Kraft Heinz Co	$1,890,000	–	30,093	–	1.21%	–
AAL	New	American Airlines Group Inc	$1,805,000	–	47,528	–	1.15%	–
GM	New	General Motors Co	$1,696,000	–	43,045	–	1.08%	–
	New	Hodges Small Cap Fundmtf	$1,633,000	–	84,376	–	1.04%	–
HP	New	Helmerich & Payne Inc	$1,558,000	–	24,448	–	1.00%	–
DAL	New	Delta Air Lines Inc	$1,545,000	–	31,187	–	0.99%	–
WMT	New	Wal-Mart Stores Inc	$1,527,000	–	17,834	–	0.98%	–
TBK	New	Triumph Bancorp Inc	$1,449,000	–	35,550	–	0.93%	–
DUK	New	Duke Energy Corp	$1,413,000	–	17,865	–	0.90%	–
FDX	New	FedEx Corp	$1,387,000	–	6,107	–	0.89%	–
X	New	United States Steel Corp	$1,340,000	–	38,568	–	0.86%	–
HD	New	Home Depot Inc	$1,169,000	–	5,996	–	0.75%	–
INTC	New	Intel Corp	$1,108,000	–	22,296	–	0.71%	–
PG	New	Procter And Gamble Co	$943,000	–	12,076	–	0.60%	–
AMAT	New	Applied Materials Inc	$935,000	–	20,252	–	0.60%	–
FB	New	Facebook Inc Cl A	$934,000	–	4,810	–	0.60%	–
DWDP	New	Dowdupont Inc	$932,000	–	14,140	–	0.60%	–
JPM	New	JPMorgan Chase & Co	$917,000	–	8,804	–	0.59%	–
CNK	New	Cinemark Holdings Inc	$833,000	–	23,750	–	0.53%	–
MU	New	Micron Technology Inc	$794,000	–	15,125	–	0.51%	–
COST	New	Costco Wholesale Corp	$779,000	–	3,730	–	0.50%	–
FCX	New	Freeport-McMoran Inc Cl B	$761,000	–	44,074	–	0.49%	–
C	New	Citigroup Inc	$760,000	–	11,351	–	0.49%	–
SAVE	New	Spirit Airlines Inc	$703,000	–	19,350	–	0.45%	–
CLF	New	Cleveland Cliffs Inc	$694,000	–	82,300	–	0.44%	–
CAT	New	Caterpillar Inc	$672,000	–	4,955	–	0.43%	–
CCS	New	Century Communities Inc	$660,000	–	20,925	–	0.42%	–
HAL	New	Halliburton Co	$646,000	–	14,331	–	0.41%	–
SO	New	Southern Co	$644,000	–	13,905	–	0.41%	–
AEE	New	Ameren Corp	$636,000	–	10,454	–	0.41%	–
PE	New	Parsley Energy Inc Cl A	$624,000	–	20,600	–	0.40%	–
NCLH	New	Norwegian Cruise Line Holdings	$610,000	–	12,900	–	0.39%	–
UAL	New	United Continental Holdings In	$605,000	–	8,675	–	0.39%	–
CSU	New	Capital Senior Living Corp	$585,000	–	54,850	–	0.37%	–
HON	New	Honeywell Intl Inc	$569,000	–	3,950	–	0.36%	–
WHR	New	Whirlpool Corp	$564,000	–	3,855	–	0.36%	–
AAPL	New	Apple Inc	$548,000	–	2,964	–	0.35%	–
MTDR	New	Matador Resources Co	$546,000	–	18,185	–	0.35%	–
VST	New	Vistra Energy Corp	$541,000	–	22,850	–	0.35%	–
BP	New	BP PLC Sp ADRadr	$537,000	–	11,760	–	0.34%	–
TXN	New	Texas Instruments Inc	$526,000	–	4,774	–	0.34%	–
TM	New	Toyota Motor Corp Sp ADR 2adr	$522,000	–	4,050	–	0.33%	–
MYL	New	Mylan NV Euro	$523,000	–	14,475	–	0.33%	–
BX	New	Blackstone Group LPltp	$510,000	–	15,857	–	0.33%	–
MRK	New	Merck & Co Inc	$497,000	–	8,185	–	0.32%	–
TPR	New	Tapestry Inc	$477,000	–	10,205	–	0.30%	–
CONE	New	CyrusOne Incret	$459,000	–	7,860	–	0.29%	–
CRK	New	Comstock Resources Inc	$421,000	–	40,006	–	0.27%	–
HTH	New	Hilltop Holdings Inc	$414,000	–	18,750	–	0.26%	–
CVX	New	Chevron Corp	$378,000	–	2,995	–	0.24%	–
JCPNQ	New	Penney J C Inc	$376,000	–	160,750	–	0.24%	–
	New	Hodges Instmtf	$341,000	–	6,827	–	0.22%	–
TRN	New	Trinity Industries Inc	$337,000	–	9,823	–	0.22%	–
CVS	New	CVS Health Corp	$316,000	–	4,908	–	0.20%	–
CF	New	CF Industries Holdings Inc	$296,000	–	6,660	–	0.19%	–
AEP	New	American Electric Power Inc	$289,000	–	4,175	–	0.18%	–
WFC	New	Wells Fargo & Co	$290,000	–	5,228	–	0.18%	–
BRKA	New	Berkshire Hathaway Inc Cl A	$282,000	–	1	–	0.18%	–
PYPL	New	Paypal Holdings Inc	$275,000	–	3,300	–	0.18%	–
	New	HODGES SMALL INTRINSICmtf	$269,000	–	21,747	–	0.17%	–
IDTI	New	Integrated Device Technology	$265,000	–	8,300	–	0.17%	–
KKR	New	KKR & Co LP Del Unitsltp	$261,000	–	10,500	–	0.17%	–
COP	New	ConocoPhillips	$261,000	–	3,748	–	0.17%	–
RLJPRA	New	RLJ Lodging Tr Cum Conv Pfd Apfd	$257,000	–	9,800	–	0.16%	–
LTXB	New	Legacy TX Financial Group Inc	$242,000	–	6,214	–	0.16%	–
SKX	New	Skechers USA Inc Cl A	$240,000	–	8,000	–	0.15%	–
OC	New	Owens Corning New	$234,000	–	3,700	–	0.15%	–
DIS	New	Disney Walt Co Disney	$226,000	–	2,155	–	0.14%	–
ADM	New	Archer Daniels Midland Co	$225,000	–	4,900	–	0.14%	–
GMRE	New	Global Med REIT Incret	$224,000	–	25,250	–	0.14%	–
ET	New	Energy Transfer Equity LPltp	$220,000	–	12,750	–	0.14%	–
MS	New	Morgan Stanley	$209,000	–	4,400	–	0.13%	–
CELG	New	Celgene Corp	$208,000	–	2,613	–	0.13%	–
KMI	New	Kinder Morgan Inc	$207,000	–	11,675	–	0.13%	–
GILD	New	Gilead Sciences Inc	$200,000	–	2,825	–	0.13%	–
AMC	New	AMC Entertainment Holdings Inc	$171,000	–	10,750	–	0.11%	–
INTZ	New	Intrusion Inc	$167,000	–	102,650	–	0.11%	–
DXYN	New	Dixie Group Inc Cl A	$39,000	–	16,950	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
ADK	Exit	AdCare Health Systems Inc	$0	–	-10,148	–	-0.01%	–
INTZ	Exit	Intrusion Inc	$0	–	-158,520	–	-0.05%	–
GNW	Exit	Genworth Financial Inc Cl A	$0	–	-23,000	–	-0.06%	–
CX	Exit	Cemex SAB de CV Sp ADRadr	$0	–	-12,766	–	-0.08%	–
PE	Exit	Parsley Energy Inc Cl A	$0	–	-7,950	–	-0.14%	–
DXYN	Exit	Dixie Group Inc	$0	–	-52,850	–	-0.15%	–
LLY	Exit	Lilly Eli & Co	$0	–	-2,492	–	-0.15%	–
BETR	Exit	Amplify Snack Brands inc	$0	–	-30,450	–	-0.15%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-705	–	-0.15%	–
TBK	Exit	Triumph Bancorp Inc	$0	–	-6,850	–	-0.15%	–
FMSA	Exit	Fairmount Santrol Holdings Inc	$0	–	-47,000	–	-0.16%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-3,814	–	-0.17%	–
PEP	Exit	PepsiCo Incorporated	$0	–	-2,169	–	-0.17%	–
LTXB	Exit	Legacy TX Financial Group Inc	$0	–	-6,201	–	-0.17%	–
CELG	Exit	Celgene Corp	$0	–	-1,788	–	-0.18%	–
MCD	Exit	McDonalds Corp	$0	–	-1,700	–	-0.18%	–
PHX	Exit	Panhandle Oil & Gas Inc	$0	–	-11,353	–	-0.19%	–
RLJPRA	Exit	RLJ Lodging Tr Cum Conv Pfd Apfd	$0	–	-9,800	–	-0.19%	–
BRKA	Exit	Berkshire Hathaway Inc Cl A	$0	–	-1	–	-0.19%	–
BX	Exit	Blackstone Group LPltp	$0	–	-8,430	–	-0.20%	–
KKR	Exit	KKR & Co LP Del Unitsltp	$0	–	-14,750	–	-0.21%	–
VMC	Exit	Vulcan Materials Co	$0	–	-2,550	–	-0.21%	–
	Exit	Hodges Instmtf	$0	–	-6,354	–	-0.21%	–
AEP	Exit	American Electric Power Inc	$0	–	-4,425	–	-0.22%	–
HCP	Exit	HCP Incret	$0	–	-11,375	–	-0.22%	–
CRK	Exit	Comstock Resources Inc	$0	–	-55,302	–	-0.23%	–
CVX	Exit	Chevron Corporation	$0	–	-2,873	–	-0.23%	–
DIS	Exit	Disney Walt Co Disney	$0	–	-3,460	–	-0.24%	–
PXD	Exit	Pioneer Natural Resources Co	$0	–	-2,400	–	-0.24%	–
CLF	Exit	Cleveland Cliffs Inc	$0	–	-50,550	–	-0.25%	–
HSBC	Exit	HSBC Holdings PLC Sp ADRadr	$0	–	-7,900	–	-0.27%	–
CONE	Exit	CyrusOne Incret	$0	–	-6,760	–	-0.28%	–
OC	Exit	Owens Corning New	$0	–	-5,200	–	-0.28%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-5,301	–	-0.30%	–
KMI	Exit	Kinder Morgan Inc del	$0	–	-23,445	–	-0.31%	–
DHI	Exit	D R Horton Inc	$0	–	-11,300	–	-0.31%	–
LGIH	Exit	Lgi Homes Inc	$0	–	-9,400	–	-0.32%	–
AAPL	Exit	Apple Inc	$0	–	-2,976	–	-0.32%	–
VLRS	Exit	Controladora Vuela Cia DE Aviaadr	$0	–	-38,950	–	-0.32%	–
SBUX	Exit	Starbucks Corp	$0	–	-9,107	–	-0.34%	–
UAL	Exit	United Continental	$0	–	-8,275	–	-0.35%	–
AEO	Exit	Amern Eagle Outfitters	$0	–	-36,010	–	-0.36%	–
CF	Exit	CF Industries Holdings	$0	–	-16,296	–	-0.40%	–
ORCL	Exit	Oracle Corp	$0	–	-12,200	–	-0.41%	–
HTH	Exit	Hilltop Holdings Inc	$0	–	-23,450	–	-0.42%	–
CNK	Exit	Cinemark Holdings Inc	$0	–	-17,000	–	-0.43%	–
SO	Exit	Southern Co	$0	–	-12,553	–	-0.43%	–
TXN	Exit	Texas Instruments Inc	$0	–	-7,024	–	-0.44%	–
AEE	Exit	Ameren Corp	$0	–	-11,168	–	-0.45%	–
GMRE	Exit	Global Med REIT Incret	$0	–	-73,300	–	-0.46%	–
KS	Exit	Kapstone Paper and pckg	$0	–	-32,384	–	-0.48%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-9,255	–	-0.50%	–
MU	Exit	Micron Technology Inc	$0	–	-18,375	–	-0.50%	–
C	Exit	Citigroup Inc	$0	–	-10,162	–	-0.51%	–
CAT	Exit	Caterpillar Inc	$0	–	-5,940	–	-0.51%	–
MRK	Exit	Merck & Co Inc new	$0	–	-11,782	–	-0.52%	–
OKE	Exit	Oneok Inc	$0	–	-13,600	–	-0.52%	–
HAL	Exit	Halliburton Company	$0	–	-16,882	–	-0.54%	–
TSM	Exit	Taiwan Semiconductor Mfg Ltd Sadr	$0	–	-20,731	–	-0.54%	–
USCR	Exit	US Concrete Inc	$0	–	-10,325	–	-0.55%	–
FB	Exit	Facebook Inc	$0	–	-4,700	–	-0.56%	–
MTDR	Exit	Matador Resources Co	$0	–	-30,735	–	-0.58%	–
WFC	Exit	Wells Fargo & Co new	$0	–	-15,217	–	-0.58%	–
HON	Exit	Honeywell Intl Inc	$0	–	-5,950	–	-0.58%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-25,580	–	-0.60%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-9,129	–	-0.60%	–
WHR	Exit	Whirlpool Corp	$0	–	-5,100	–	-0.65%	–
HD	Exit	Home Depot Inc	$0	–	-6,062	–	-0.69%	–
	Exit	Hodges Small Cap Fundmtf	$0	–	-675,059	–	-0.71%	–
MYL	Exit	Mylan NV	$0	–	-37,030	–	-0.80%	–
COST	Exit	Costco Whsl Corp New	$0	–	-7,080	–	-0.81%	–
DWDP	Exit	Dowdupont Inc	$0	–	-17,015	–	-0.82%	–
NCLH	Exit	Norwegian Cruise Line	$0	–	-21,900	–	-0.82%	–
X	Exit	United States Steel Corp	$0	–	-46,859	–	-0.83%	–
VZ	Exit	Verizon Communications	$0	–	-24,757	–	-0.85%	–
PG	Exit	Procter & Gamble Co	$0	–	-15,277	–	-0.96%	–
HP	Exit	Helmerich & Payne Inc	$0	–	-27,028	–	-0.98%	–
FDX	Exit	FedEx Corp	$0	–	-6,331	–	-0.99%	–
DUK	Exit	Duke Energy Corp	$0	–	-17,233	–	-1.00%	–
DAL	Exit	Delta Air Lines Inc New	$0	–	-33,209	–	-1.11%	–
WIRE	Exit	Encore Wire Corp	$0	–	-36,202	–	-1.12%	–
	Exit	Hodges Small-Mid Capmtf	$0	–	-134,406	–	-1.17%	–
GE	Exit	General Electric CoMPANY	$0	–	-72,020	–	-1.21%	–
TRN	Exit	Trinity Industries Inc	$0	–	-54,919	–	-1.21%	–
GM	Exit	General Motors Co	$0	–	-43,727	–	-1.22%	–
FCX	Exit	Freeport-McMoran Inc	$0	–	-126,558	–	-1.23%	–
JCPNQ	Exit	Penney J C co Inc	$0	–	-492,825	–	-1.30%	–
ATO	Exit	Atmos Energy Corp	$0	–	-24,539	–	-1.43%	–
	Exit	Hodges Puremtf	$0	–	-170,788	–	-1.51%	–
BAC	Exit	Bank of America Corp	$0	–	-92,976	–	-1.63%	–
AAL	Exit	American Airlines Group	$0	–	-50,554	–	-1.66%	–
ABBV	Exit	AbbVie Inc	$0	–	-27,190	–	-1.68%	–
EXP	Exit	Eagle Materials Inc	$0	–	-22,734	–	-1.68%	–
ENLC	Exit	Enlink Midstream LLCltp	$0	–	-147,908	–	-1.77%	–
XEL	Exit	Xcel Energy Inc	$0	–	-56,928	–	-1.87%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-33,152	–	-1.88%	–
GEO	Exit	GEO Grp Inc/theret	$0	–	-106,173	–	-1.98%	–
T	Exit	AT&T Inc	$0	–	-78,545	–	-2.13%	–
LUV	Exit	Southwest Airlines Co	$0	–	-68,751	–	-2.67%	–
JNJ	Exit	Johnson & Johnson	$0	–	-29,696	–	-2.68%	–
RHP	Exit	Ryman Hospitality Pptysret	$0	–	-62,178	–	-2.69%	–
IP	Exit	International Paper Co	$0	–	-76,066	–	-3.00%	–
	Exit	Hodges Fund - Blue Chipmtf	$0	–	-312,171	–	-3.56%	–
BA	Exit	Boeing Co	$0	–	-20,523	–	-3.62%	–
TPL	Exit	Tex Pac Land Tr Sub sh	$0	–	-32,455	–	-9.09%	–
	Exit	Hodges Fundmtf	$0	–	-362,692	–	-11.99%	–

Q3 2017

			Value		Shares		↓ Weighting
	Buy	Hodges Fundmtf	$17,297,000	+13.5%	362,692	+7.7%	11.99%	+7.7%
TPL	Sell	Tex Pac Land Tr Sub sh	$13,115,000	+34.1%	32,455	-2.5%	9.09%	+27.2%
BA	Sell	Boeing Co	$5,218,000	+19.5%	20,523	-7.1%	3.62%	+13.4%
	Buy	Hodges Fund - Blue Chipmtf	$5,129,000	+18.3%	312,171	+12.0%	3.56%	+12.3%
IP	Buy	International Paper Co	$4,323,000	+10.8%	76,066	+10.3%	3.00%	+5.1%
RHP	Sell	Ryman Hospitality Pptysret	$3,886,000	-3.3%	62,178	-1.0%	2.69%	-8.3%
JNJ	Sell	Johnson & Johnson	$3,861,000	-4.3%	29,696	-2.6%	2.68%	-9.2%
LUV	Sell	Southwest Airlines Co	$3,849,000	-14.5%	68,751	-5.1%	2.67%	-18.9%
T	Sell	AT&T Inc	$3,077,000	+2.4%	78,545	-1.3%	2.13%	-2.8%
GEO	Buy	GEO Grp Inc/theret	$2,857,000	+7.0%	106,173	+17.6%	1.98%	+1.5%
XOM	Sell	Exxon Mobil Corp	$2,718,000	+1.3%	33,152	-0.3%	1.88%	-3.9%
XEL	Sell	Xcel Energy Inc	$2,694,000	+1.5%	56,928	-1.5%	1.87%	-3.7%
ENLC	Buy	Enlink Midstream LLCltp	$2,552,000	+1.1%	147,908	+3.1%	1.77%	-4.1%
EXP	Buy	Eagle Materials Inc	$2,426,000	+38.9%	22,734	+20.2%	1.68%	+31.7%
ABBV	Sell	AbbVie Inc	$2,416,000	+3.2%	27,190	-15.8%	1.68%	-2.0%
AAL	Buy	American Airlines Group	$2,401,000	-4.7%	50,554	+1.0%	1.66%	-9.6%
BAC	Buy	Bank of America Corp	$2,356,000	+59.3%	92,976	+52.5%	1.63%	+51.2%
	Buy	Hodges Puremtf	$2,177,000	+8.4%	170,788	+6.4%	1.51%	+2.9%
ATO	Sell	Atmos Energy Corp	$2,058,000	+0.3%	24,539	-0.8%	1.43%	-4.8%
JCPNQ	Buy	Penney J C co Inc	$1,877,000	-15.7%	492,825	+2.9%	1.30%	-20.0%
FCX	Sell	Freeport-McMoran Inc	$1,777,000	+6.7%	126,558	-8.7%	1.23%	+1.3%
GM	Sell	General Motors Co	$1,766,000	-9.1%	43,727	-21.4%	1.22%	-13.7%
TRN	Sell	Trinity Industries Inc	$1,752,000	-12.0%	54,919	-22.7%	1.21%	-16.6%
GE	Sell	General Electric CoMPANY	$1,742,000	-20.2%	72,020	-10.8%	1.21%	-24.3%
	Buy	Hodges Small-Mid Capmtf	$1,689,000	+6.8%	134,406	+2.3%	1.17%	+1.4%
WIRE	Buy	Encore Wire Corp	$1,621,000	+6.2%	36,202	+1.3%	1.12%	+0.8%
DAL	Buy	Delta Air Lines Inc New	$1,601,000	+34.5%	33,209	+49.9%	1.11%	+27.7%
DUK	Sell	Duke Energy Corp	$1,446,000	+0.1%	17,233	-0.2%	1.00%	-5.0%
HP	Buy	Helmerich & Payne Inc	$1,408,000	+40.2%	27,028	+46.2%	0.98%	+33.2%
PG	Buy	Procter & Gamble Co	$1,390,000	+10.3%	15,277	+5.6%	0.96%	+4.7%
VZ	Sell	Verizon Communications	$1,225,000	+9.5%	24,757	-1.2%	0.85%	+3.9%
X	Sell	United States Steel Corp	$1,202,000	-6.4%	46,859	-19.2%	0.83%	-11.2%
NCLH	Buy	Norwegian Cruise Line	$1,184,000	+369.8%	21,900	+371.0%	0.82%	+346.2%
DWDP	New	Dowdupont Inc	$1,178,000	–	17,015	–	0.82%	–
COST	Buy	Costco Whsl Corp New	$1,163,000	+14.0%	7,080	+11.0%	0.81%	+8.2%
MYL	Sell	Mylan NV	$1,162,000	-49.7%	37,030	-37.8%	0.80%	-52.3%
	Buy	Hodges Small Cap Fundmtf	$1,023,000	+13.0%	675,059	+1341.5%	0.71%	+7.3%
HD	Buy	Home Depot Inc	$992,000	+7.9%	6,062	+1.2%	0.69%	+2.5%
WHR	Buy	Whirlpool Corp	$941,000	+5.6%	5,100	+9.7%	0.65%	+0.2%
JPM	Sell	JPMorgan Chase & Co	$872,000	-1.9%	9,129	-6.1%	0.60%	-6.9%
CSCO	Sell	Cisco Systems Inc	$861,000	-16.4%	25,580	-22.3%	0.60%	-20.6%
WFC	Sell	Wells Fargo & Co new	$840,000	-9.0%	15,217	-8.7%	0.58%	-13.6%
MTDR	Sell	Matador Resources Co	$835,000	+13.9%	30,735	-10.4%	0.58%	+8.2%
USCR	Sell	US Concrete Inc	$788,000	-34.6%	10,325	-32.6%	0.55%	-38.0%
HAL	Buy	Halliburton Company	$777,000	+58.9%	16,882	+47.3%	0.54%	+51.0%
TSM	Sell	Taiwan Semiconductor Mfg Ltd Sadr	$778,000	-50.9%	20,731	-54.3%	0.54%	-53.5%
OKE	Buy	Oneok Inc	$754,000	+54.2%	13,600	+45.1%	0.52%	+46.5%
MRK	Buy	Merck & Co Inc new	$755,000	+2.9%	11,782	+2.8%	0.52%	-2.4%
CAT	Sell	Caterpillar Inc	$741,000	+13.1%	5,940	-2.5%	0.51%	+7.5%
C	Buy	Citigroup Inc	$739,000	+28.5%	10,162	+18.2%	0.51%	+21.9%
MU	Sell	Micron Technology Inc	$723,000	+8.4%	18,375	-17.7%	0.50%	+2.9%
WMT	Buy	Wal-Mart Stores Inc	$723,000	+80.3%	9,255	+74.5%	0.50%	+71.0%
KS	Buy	Kapstone Paper and pckg	$696,000	+11.0%	32,384	+6.6%	0.48%	+5.2%
GMRE	Sell	Global Med REIT Incret	$658,000	-2.9%	73,300	-3.3%	0.46%	-7.9%
AEE	Buy	Ameren Corp	$646,000	+5.9%	11,168	+0.0%	0.45%	+0.4%
TXN	Sell	Texas Instruments Inc	$630,000	+7.3%	7,024	-7.9%	0.44%	+1.9%
SO	Buy	Southern Co	$617,000	+2.7%	12,553	+0.0%	0.43%	-2.5%
CNK	New	Cinemark Holdings Inc	$616,000	–	17,000	–	0.43%	–
HTH	Buy	Hilltop Holdings Inc	$610,000	+3.6%	23,450	+4.5%	0.42%	-1.6%
ORCL	New	Oracle Corp	$590,000	–	12,200	–	0.41%	–
CF	Sell	CF Industries Holdings	$573,000	+11.9%	16,296	-11.1%	0.40%	+6.1%
AEO	Buy	Amern Eagle Outfitters	$515,000	+16.5%	36,010	+26.8%	0.36%	+10.5%
UAL	New	United Continental	$504,000	–	8,275	–	0.35%	–
SBUX	New	Starbucks Corp	$489,000	–	9,107	–	0.34%	–
VLRS	Sell	Controladora Vuela Cia DE Aviaadr	$462,000	-22.5%	38,950	-4.9%	0.32%	-26.4%
LGIH	Sell	Lgi Homes Inc	$457,000	-29.1%	9,400	-41.4%	0.32%	-32.7%
AAPL	Sell	Apple Inc	$458,000	-1.7%	2,976	-8.1%	0.32%	-6.8%
DHI	Sell	D R Horton Inc	$451,000	+13.0%	11,300	-2.2%	0.31%	+7.6%
KMI	Sell	Kinder Morgan Inc del	$450,000	-14.3%	23,445	-14.5%	0.31%	-18.8%
GILD	Sell	Gilead Sciences Inc	$429,000	+13.2%	5,301	-0.9%	0.30%	+7.2%
CONE	New	CyrusOne Incret	$398,000	–	6,760	–	0.28%	–
CLF	New	Cleveland Cliffs Inc	$361,000	–	50,550	–	0.25%	–
PXD	New	Pioneer Natural Resources Co	$354,000	–	2,400	–	0.24%	–
DIS	Sell	Disney Walt Co Disney	$341,000	-33.3%	3,460	-28.1%	0.24%	-36.7%
CVX	Sell	Chevron Corporation	$338,000	+3.7%	2,873	-8.0%	0.23%	-1.7%
CRK	Sell	Comstock Resources Inc	$336,000	-17.2%	55,302	-3.6%	0.23%	-21.5%
VMC	New	Vulcan Materials Co	$305,000	–	2,550	–	0.21%	–
KKR	Sell	KKR & Co LP Del Unitsltp	$300,000	-29.1%	14,750	-35.2%	0.21%	-32.7%
BX	Buy	Blackstone Group LPltp	$281,000	+13.3%	8,430	+13.6%	0.20%	+7.7%
RLJPRA	New	RLJ Lodging Tr Cum Conv Pfd Apfd	$273,000	–	9,800	–	0.19%	–
PHX	Buy	Panhandle Oil & Gas Inc	$270,000	+3.4%	11,353	+0.5%	0.19%	-2.1%
CELG	Sell	Celgene Corp	$261,000	-27.9%	1,788	-35.9%	0.18%	-31.4%
LTXB	Sell	Legacy TX Financial Group Inc	$248,000	+0.8%	6,201	-3.8%	0.17%	-4.4%
PEP	Buy	PepsiCo Incorporated	$242,000	+1.3%	2,169	+4.9%	0.17%	-4.0%
BMY	Sell	Bristol-Myers Squibb Co	$243,000	+7.5%	3,814	-6.2%	0.17%	+1.8%
FMSA	Sell	Fairmount Santrol Holdings Inc	$225,000	+17.2%	47,000	-4.7%	0.16%	+11.4%
TBK	New	Triumph Bancorp Inc	$221,000	–	6,850	–	0.15%	–
LMT	New	Lockheed Martin Corp	$219,000	–	705	–	0.15%	–
BETR	Sell	Amplify Snack Brands inc	$216,000	-29.9%	30,450	-4.7%	0.15%	-33.3%
LLY	Buy	Lilly Eli & Co	$213,000	+3.9%	2,492	+0.1%	0.15%	-1.3%
DXYN	Sell	Dixie Group Inc	$212,000	-12.0%	52,850	-2.0%	0.15%	-16.5%
PE	Sell	Parsley Energy Inc Cl A	$209,000	-8.7%	7,950	-3.6%	0.14%	-13.2%
CX	Sell	Cemex SAB de CV Sp ADRadr	$116,000	-81.0%	12,766	-80.3%	0.08%	-82.1%
GNW	New	Genworth Financial Inc Cl A	$89,000	–	23,000	–	0.06%	–
INTZ	Sell	Intrusion Inc	$68,000	-2.9%	158,520	-0.1%	0.05%	-7.8%
DLTH	Exit	Duluth Holdings Inc Cl B	$0	–	-10,150	–	-0.14%	–
LQ	Exit	La Quinta Holdings Inc	$0	–	-12,800	–	-0.14%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-14,924	–	-0.14%	–
TMST	Exit	Timkensteel Corp	$0	–	-13,250	–	-0.15%	–
TSEM	Exit	Tower Semiconductor Ltd	$0	–	-9,750	–	-0.17%	–
MLM	Exit	Martin Marietta Materials Inc	$0	–	-1,050	–	-0.17%	–
KSS	Exit	Kohls Corp	$0	–	-6,400	–	-0.18%	–
FRTA	Exit	Forterra Inc	$0	–	-33,075	–	-0.20%	–
MS	Exit	Morgan Stanley	$0	–	-6,351	–	-0.21%	–
FCHPRA	Exit	Felcor Lodging Tr Inc Conv Pfdpfd	$0	–	-10,340	–	-0.21%	–
JBLU	Exit	JetBlue Airways Corp	$0	–	-13,600	–	-0.23%	–
DB	Exit	Deutsche Bank AG Namen AKT	$0	–	-17,850	–	-0.23%	–
CFR	Exit	Cullen Frost Bankers Inc	$0	–	-3,455	–	-0.24%	–
CLF	Exit	Cliffs Natural Resources Inc	$0	–	-48,750	–	-0.25%	–
DOW	Exit	Dow Chemical Co	$0	–	-18,350	–	-0.84%	–
AXP	Exit	American Express Co	$0	–	-15,725	–	-0.97%	–

Q2 2017

			Value		Shares		↓ Weighting
	New	Hodges Fundmtf	$15,245,000	–	336,757	–	11.14%	–
TPL	New	Texas Pac Ld Tr Sub Ctf Prop I	$9,781,000	–	33,292	–	7.14%	–
LUV	New	Southwest Airlines Co	$4,502,000	–	72,450	–	3.29%	–
BA	New	Boeing Co	$4,367,000	–	22,080	–	3.19%	–
	New	Professionally Managed Portfolmtf	$4,334,000	–	278,729	–	3.17%	–
JNJ	New	Johnson & Johnson	$4,033,000	–	30,481	–	2.95%	–
RHP	New	Ryman Hospitality Properties Iret	$4,020,000	–	62,808	–	2.94%	–
IP	New	International Paper Co	$3,902,000	–	68,932	–	2.85%	–
T	New	AT&T Inc	$3,004,000	–	79,610	–	2.19%	–
XOM	New	Exxon Mobil Corp	$2,684,000	–	33,246	–	1.96%	–
GEO	New	GEO Group Incret	$2,670,000	–	90,295	–	1.95%	–
XEL	New	Xcel Energy Inc	$2,653,000	–	57,812	–	1.94%	–
ENLC	New	Enlink Midstream LLC Unit Repltp	$2,524,000	–	143,420	–	1.84%	–
AAL	New	American Airlines Group Inc	$2,519,000	–	50,064	–	1.84%	–
ABBV	New	AbbVie Inc	$2,340,000	–	32,282	–	1.71%	–
MYL	New	Mylan NV Euro	$2,311,000	–	59,530	–	1.69%	–
JCPNQ	New	Penney J C Inc	$2,226,000	–	478,750	–	1.63%	–
GE	New	General Electric Co	$2,182,000	–	80,768	–	1.59%	–
ATO	New	Atmos Energy Corp	$2,051,000	–	24,731	–	1.50%	–
	New	Professionally Managed Portfolmtf	$2,008,000	–	160,501	–	1.47%	–
TRN	New	Trinity Industries Inc	$1,992,000	–	71,081	–	1.46%	–
GM	New	General Motors Co	$1,942,000	–	55,601	–	1.42%	–
EXP	New	Eagle Materials Inc	$1,747,000	–	18,911	–	1.28%	–
FCX	New	Freeport-McMoran Inc Cl B	$1,665,000	–	138,623	–	1.22%	–
TSM	New	Taiwan Semiconductor Mfg Ltd Sadr	$1,586,000	–	45,380	–	1.16%	–
	New	Professionally Managed Portfolmtf	$1,581,000	–	131,383	–	1.16%	–
WIRE	New	Encore Wire Corp	$1,526,000	–	35,751	–	1.12%	–
BAC	New	Bank America Corp	$1,479,000	–	60,977	–	1.08%	–
DUK	New	Duke Energy Corp	$1,444,000	–	17,266	–	1.06%	–
FDX	New	FedEx Corp	$1,376,000	–	6,331	–	1.00%	–
AXP	New	American Express Co	$1,324,000	–	15,725	–	0.97%	–
X	New	United States Steel Corp	$1,284,000	–	58,005	–	0.94%	–
PG	New	Procter And Gamble Co	$1,260,000	–	14,463	–	0.92%	–
USCR	New	US Concrete Inc	$1,204,000	–	15,325	–	0.88%	–
DAL	New	Delta Air Lines Inc	$1,190,000	–	22,150	–	0.87%	–
DOW	New	Dow Chemical Co	$1,157,000	–	18,350	–	0.84%	–
VZ	New	Verizon Communications Inc	$1,119,000	–	25,059	–	0.82%	–
CSCO	New	Cisco Systems Inc	$1,030,000	–	32,901	–	0.75%	–
COST	New	Costco Wholesale Corp	$1,020,000	–	6,380	–	0.74%	–
HP	New	Helmerich & Payne Inc	$1,004,000	–	18,485	–	0.73%	–
WFC	New	Wells Fargo & Co	$923,000	–	16,665	–	0.67%	–
HD	New	Home Depot Inc	$919,000	–	5,992	–	0.67%	–
	New	Hodges Small Cap Fundmtf	$905,000	–	46,831	–	0.66%	–
WHR	New	Whirlpool Corp	$891,000	–	4,650	–	0.65%	–
JPM	New	JPMorgan Chase & Co	$889,000	–	9,722	–	0.65%	–
HON	New	Honeywell Intl Inc	$793,000	–	5,950	–	0.58%	–
MRK	New	Merck & Co Inc	$734,000	–	11,460	–	0.54%	–
MTDR	New	Matador Resources Co	$733,000	–	34,285	–	0.54%	–
FB	New	Facebook Inc Cl A	$710,000	–	4,700	–	0.52%	–
GMRE	New	Global Med REIT Incret	$678,000	–	75,800	–	0.50%	–
MU	New	Micron Technology Inc	$667,000	–	22,325	–	0.49%	–
CAT	New	Caterpillar Inc	$655,000	–	6,090	–	0.48%	–
LGIH	New	Lgi Homes Inc	$645,000	–	16,050	–	0.47%	–
KS	New	Kapstone Paper & Packaging Crp	$627,000	–	30,373	–	0.46%	–
CX	New	Cemex SAB de CV Sp ADRadr	$612,000	–	64,964	–	0.45%	–
AEE	New	Ameren Corp	$610,000	–	11,165	–	0.45%	–
SO	New	Southern Co	$601,000	–	12,552	–	0.44%	–
VLRS	New	Controladora Vuela Cia DE Aviaadr	$596,000	–	40,950	–	0.44%	–
HTH	New	Hilltop Holdings Inc	$589,000	–	22,450	–	0.43%	–
TXN	New	Texas Instruments Inc	$587,000	–	7,624	–	0.43%	–
C	New	Citigroup Inc	$575,000	–	8,595	–	0.42%	–
KMI	New	Kinder Morgan Inc	$525,000	–	27,422	–	0.38%	–
CF	New	CF Industries Holdings Inc	$512,000	–	18,325	–	0.37%	–
DIS	New	Disney Walt Co Disney	$511,000	–	4,810	–	0.37%	–
HAL	New	Halliburton Co	$489,000	–	11,461	–	0.36%	–
OKE	New	Oneok Inc	$489,000	–	9,370	–	0.36%	–
AAPL	New	Apple Inc	$466,000	–	3,238	–	0.34%	–
AEO	New	American Eagle Outfitters New	$442,000	–	28,410	–	0.32%	–
KKR	New	KKR & Co LP Del Unitsltp	$423,000	–	22,750	–	0.31%	–
CRK	New	Comstock Resources Inc	$406,000	–	57,362	–	0.30%	–
WMT	New	Wal-Mart Stores Inc	$401,000	–	5,304	–	0.29%	–
DHI	New	D R Horton Inc	$399,000	–	11,550	–	0.29%	–
GILD	New	Gilead Sciences Inc	$379,000	–	5,351	–	0.28%	–
HSBC	New	HSBC Holdings PLC Sp ADRadr	$366,000	–	7,900	–	0.27%	–
HCP	New	HCP Incret	$364,000	–	11,375	–	0.27%	–
CELG	New	Celgene Corp	$362,000	–	2,788	–	0.26%	–
OC	New	Owens Corning New	$348,000	–	5,200	–	0.25%	–
CLF	New	Cliffs Natural Resources Inc	$337,000	–	48,750	–	0.25%	–
CVX	New	Chevron Corp	$326,000	–	3,122	–	0.24%	–
CFR	New	Cullen Frost Bankers Inc	$324,000	–	3,455	–	0.24%	–
DB	New	Deutsche Bank AG Namen AKT	$318,000	–	17,850	–	0.23%	–
JBLU	New	JetBlue Airways Corp	$310,000	–	13,600	–	0.23%	–
BETR	New	Amplify Snack Brands	$308,000	–	31,950	–	0.22%	–
AEP	New	American Electric Power Inc	$307,000	–	4,425	–	0.22%	–
	New	Hodges Instmtf	$292,000	–	6,354	–	0.21%	–
FCHPRA	New	Felcor Lodging Tr Inc Conv Pfdpfd	$285,000	–	10,340	–	0.21%	–
MS	New	Morgan Stanley	$283,000	–	6,351	–	0.21%	–
FRTA	New	Forterra Inc	$273,000	–	33,075	–	0.20%	–
PHX	New	Panhandle Oil And Gas Inc Cl A	$261,000	–	11,302	–	0.19%	–
MCD	New	McDonalds Corp	$260,000	–	1,700	–	0.19%	–
BRKA	New	Berkshire Hathaway Inc Cl A	$255,000	–	1	–	0.19%	–
NCLH	New	Norwegian Cruise Line Holdings	$252,000	–	4,650	–	0.18%	–
KSS	New	Kohls Corp	$248,000	–	6,400	–	0.18%	–
BX	New	Blackstone Group LPltp	$248,000	–	7,422	–	0.18%	–
LTXB	New	Legacy TX Financial Group Inc	$246,000	–	6,446	–	0.18%	–
DXYN	New	Dixie Group Inc Cl A	$241,000	–	53,950	–	0.18%	–
PEP	New	PepsiCo Inc	$239,000	–	2,068	–	0.18%	–
MLM	New	Martin Marietta Materials Inc	$234,000	–	1,050	–	0.17%	–
TSEM	New	Tower Semiconductor Ltd	$233,000	–	9,750	–	0.17%	–
PE	New	Parsley Energy Inc Cl A	$229,000	–	8,250	–	0.17%	–
BMY	New	Bristol-Myers Squibb Co	$226,000	–	4,064	–	0.16%	–
LLY	New	Lilly Eli & Co	$205,000	–	2,490	–	0.15%	–
TMST	New	Timkensteel Corp	$204,000	–	13,250	–	0.15%	–
	New	Professionally Managed Portfolmtf	$193,000	–	14,924	–	0.14%	–
FMSA	New	Fairmount Santrol Holdings Inc	$192,000	–	49,300	–	0.14%	–
LQ	New	La Quinta Holdings Inc	$189,000	–	12,800	–	0.14%	–
DLTH	New	Duluth Holdings Inc Cl B	$185,000	–	10,150	–	0.14%	–
INTZ	New	Intrusion Inc	$70,000	–	158,695	–	0.05%	–
ADK	New	AdCare Health Systems Inc	$10,000	–	10,148	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
HDYNQ	Exit	HYPERDYNAMICS CORP	$0	–	-11,724	–	-0.01%	–
ADK	Exit	ADCARE HEALTH SYSTEMS INC	$0	–	-10,148	–	-0.02%	–
LGCY	Exit	LEGACY RESERVES LPltp	$0	–	-17,961	–	-0.02%	–
INTZ	Exit	INTRUSION INC	$0	–	-160,045	–	-0.02%	–
	Exit	ID WATCHDOG INC	$0	–	-264,000	–	-0.03%	–
TMST	Exit	TIMKENSTEEL CORP	$0	–	-10,500	–	-0.08%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-13,864	–	-0.12%	–
CEF	Exit	CENTRAL FUND CDA LTD CL Amtf	$0	–	-12,300	–	-0.13%	–
HW	Exit	HEADWATERS INC	$0	–	-10,850	–	-0.14%	–
BETR	Exit	AMPLIFY SNACK BRANDS	$0	–	-12,375	–	-0.15%	–
LFVN	Exit	LIFEVANTAGE CORP	$0	–	-21,428	–	-0.15%	–
CXW	Exit	CORRECTIONS CORP AMERICA NEWret	$0	–	-14,750	–	-0.15%	–
KKR	Exit	KKR & CO LP DEL UNITSltp	$0	–	-14,750	–	-0.16%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-1	–	-0.16%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-3,099	–	-0.16%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-4,064	–	-0.16%	–
PEP	Exit	PEPSICO INC	$0	–	-2,048	–	-0.16%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-4,000	–	-0.18%	–
NCMI	Exit	NATIONAL CINEMEDIA INC	$0	–	-17,281	–	-0.19%	–
DLTH	Exit	DULUTH HOLDINGS INC CL B	$0	–	-9,700	–	-0.19%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-7,063	–	-0.20%	–
CRK	Exit	COMSTOCK RESOURCES INC	$0	–	-35,472	–	-0.20%	–
WETF	Exit	WISDOMTREE INV INC	$0	–	-26,350	–	-0.20%	–
GSK	Exit	GLAXOSMITHKLINE PLC SP ADRadr	$0	–	-6,365	–	-0.20%	–
	Exit	HODGES INSTmtf	$0	–	-6,354	–	-0.20%	–
MLM	Exit	MARTIN MARIETTA MATERIALS INC	$0	–	-1,543	–	-0.20%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,394	–	-0.21%	–
AGCO	Exit	AGCO CORP	$0	–	-5,700	–	-0.21%	–
PRIM	Exit	PRIMORIS SERVICES CORP	$0	–	-13,673	–	-0.21%	–
AEP	Exit	AMERICAN ELECTRIC POWER INC	$0	–	-4,425	–	-0.21%	–
FCHPRA	Exit	FELCOR LODGING TR INC CONV PFDpfd	$0	–	-12,850	–	-0.24%	–
DXYN	Exit	DIXIE GROUP INC CL A	$0	–	-65,550	–	-0.24%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-19,410	–	-0.26%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS Lltp	$0	–	-12,531	–	-0.26%	–
MYCC	Exit	CLUBCORP HOLDINGS INC	$0	–	-24,309	–	-0.26%	–
PHX	Exit	PANHANDLE OIL AND GAS INC CL A	$0	–	-20,184	–	-0.26%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,626	–	-0.28%	–
AAPL	Exit	APPLE INC	$0	–	-3,281	–	-0.28%	–
OC	Exit	OWENS CORNING NEW	$0	–	-6,975	–	-0.28%	–
WIRE	Exit	ENCORE WIRE CORP	$0	–	-10,401	–	-0.28%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,797	–	-0.29%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-5,451	–	-0.29%	–
NXPI	Exit	NXP SEMICONDUCTORS NV	$0	–	-3,890	–	-0.30%	–
DHI	Exit	D R HORTON INC	$0	–	-13,305	–	-0.30%	–
KSS	Exit	KOHLS CORP	$0	–	-9,255	–	-0.30%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-2,520	–	-0.30%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-3,200	–	-0.30%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-7,015	–	-0.33%	–
X	Exit	UNITED STATES STEEL CORP	$0	–	-24,730	–	-0.35%	–
CVX	Exit	CHEVRON CORP	$0	–	-5,053	–	-0.39%	–
HZNP	Exit	HORIZON PHARMA PLC	$0	–	-29,930	–	-0.40%	–
CFR	Exit	CULLEN FROST BANKERS INC	$0	–	-7,775	–	-0.42%	–
MS	Exit	MORGAN STANLEY	$0	–	-17,526	–	-0.42%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,885	–	-0.43%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-13,635	–	-0.45%	–
DIS	Exit	DISNEY WALT CO DISNEY	$0	–	-6,790	–	-0.47%	–
AEE	Exit	AMEREN CORP	$0	–	-12,852	–	-0.47%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-11,525	–	-0.47%	–
GMRE	Exit	GLOBAL MED REIT INCret	$0	–	-65,050	–	-0.47%	–
MTDR	Exit	MATADOR RESOURCES CO	$0	–	-26,985	–	-0.49%	–
SO	Exit	SOUTHERN CO	$0	–	-13,216	–	-0.50%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-5,850	–	-0.51%	–
LQ	Exit	LA QUINTA HOLDINGS INC	$0	–	-62,610	–	-0.52%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-23,498	–	-0.55%	–
LTXB	Exit	LEGACY TX FINANCIAL GROUP INC	$0	–	-24,781	–	-0.58%	–
CELG	Exit	CELGENE CORP	$0	–	-7,532	–	-0.58%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-5,269	–	-0.60%	–
HD	Exit	HOME DEPOT INC	$0	–	-6,366	–	-0.61%	–
MRK	Exit	MERCK & CO INC	$0	–	-13,478	–	-0.62%	–
FDX	Exit	FEDEX CORP	$0	–	-4,931	–	-0.64%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-52,350	–	-0.69%	–
URI	Exit	UNITED RENTALS INC	$0	–	-11,900	–	-0.69%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-60,520	–	-0.70%	–
KS	Exit	KAPSTONE PAPER & PACKAGING CRP	$0	–	-50,790	–	-0.71%	–
CF	Exit	CF INDUSTRIES HOLDINGS INC	$0	–	-41,790	–	-0.76%	–
USCR	Exit	US CONCRETE INC	$0	–	-22,640	–	-0.77%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-57,235	–	-0.79%	–
ABBV	Exit	ABBVIE INC	$0	–	-17,355	–	-0.81%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	-30,955	–	-0.90%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-24,649	–	-0.95%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-57,626	–	-0.99%	–
FCX	Exit	FREEPORT-MCMORAN, INC.	$0	–	-126,197	–	-1.02%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-14,386	–	-1.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-28,041	–	-1.08%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-18,716	–	-1.11%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-163,075	–	-1.12%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-47,839	–	-1.13%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-151,655	–	-1.24%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-30,220	–	-1.51%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-65,033	–	-1.77%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-33,071	–	-1.83%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-192,797	–	-1.84%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-65,871	–	-2.01%	–
ENLC	Exit	ENLINK MIDSTREAM LLC UNIT REP	$0	–	-170,228	–	-2.12%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-38,172	–	-2.19%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-35,881	–	-2.32%	–
BA	Exit	BOEING CO	$0	–	-23,964	–	-2.34%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-110,534	–	-2.43%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-68,313	–	-2.43%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES Iret	$0	–	-74,944	–	-2.68%	–
T	Exit	AT&T INC	$0	–	-90,195	–	-2.72%	–
GEO	Exit	GEO GROUP INCret	$0	–	-160,444	–	-2.83%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-98,967	–	-2.86%	–
TRN	Exit	TRINITY INDUSTRIES INC	$0	–	-165,667	–	-2.97%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,306	–	-3.01%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-364,034	–	-3.84%	–
TPL	Exit	TEXAS PAC LD TR SUB CTF PROP I	$0	–	-41,208	–	-7.32%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-384,820	–	-12.13%	–

Q3 2016

			Value		Shares		↓ Weighting
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$16,343,000	+12.8%	384,820	-1.1%	12.13%	+8.4%
TPL	Sell	TEXAS PAC LD TR SUB CTF PROP I	$9,862,000	+27.7%	41,208	-10.0%	7.32%	+22.8%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$5,169,000	-4.8%	364,034	-4.4%	3.84%	-8.5%
JNJ	Sell	JOHNSON & JOHNSON	$4,053,000	-5.6%	34,306	-3.1%	3.01%	-9.3%
TRN	Sell	TRINITY INDUSTRIES INC	$4,006,000	+4.3%	165,667	-19.9%	2.97%	+0.2%
LUV	Buy	SOUTHWEST AIRLINES CO	$3,849,000	+2.5%	98,967	+3.4%	2.86%	-1.4%
GEO	Buy	GEO GROUP INCret	$3,815,000	+57.3%	160,444	+126.0%	2.83%	+51.1%
T	Sell	AT&T INC	$3,663,000	-11.1%	90,195	-5.4%	2.72%	-14.6%
RHP	Buy	RYMAN HOSPITALITY PROPERTIES Iret	$3,610,000	+4.0%	74,944	+9.4%	2.68%	0.0%
IP	Buy	INTERNATIONAL PAPER CO	$3,277,000	+38.6%	68,313	+22.5%	2.43%	+33.3%
GE	Sell	GENERAL ELECTRIC COMPANY	$3,274,000	-7.7%	110,534	-1.9%	2.43%	-11.3%
BA	Buy	BOEING CO	$3,157,000	+15.6%	23,964	+13.9%	2.34%	+11.0%
XOM	Sell	EXXON MOBIL CORP	$3,131,000	-7.7%	35,881	-0.9%	2.32%	-11.3%
EXP	Sell	EAGLE MATERIALS INC	$2,950,000	-12.4%	38,172	-12.6%	2.19%	-15.8%
ENLC	Buy	ENLINK MIDSTREAM LLC UNIT REP	$2,851,000	+20.7%	170,228	+14.7%	2.12%	+16.0%
XEL	Sell	XCEL ENERGY INC	$2,710,000	-26.7%	65,871	-20.2%	2.01%	-29.5%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$2,481,000	+18.5%	192,797	-1.4%	1.84%	+13.9%
ATO	Sell	ATMOS ENERGY CORP	$2,463,000	-44.9%	33,071	-39.8%	1.83%	-47.0%
AAL	Sell	AMERICAN AIRLINES GROUP INC	$2,381,000	+26.5%	65,033	-2.2%	1.77%	+21.6%
HP	Sell	HELMERICH & PAYNE INC	$2,033,000	-8.3%	30,220	-8.5%	1.51%	-11.9%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$1,670,000	+5.9%	151,655	-0.1%	1.24%	+1.7%
GM	Buy	GENERAL MOTORS CO	$1,520,000	+49.5%	47,839	+33.1%	1.13%	+43.7%
JCPNQ	Sell	PENNEY J C INC	$1,504,000	-3.6%	163,075	-7.2%	1.12%	-7.3%
DUK	Sell	DUKE ENERGY CORP	$1,498,000	-14.6%	18,716	-8.5%	1.11%	-17.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,458,000	-9.6%	28,041	-2.9%	1.08%	-13.1%
PG	Sell	PROCTER & GAMBLE CO	$1,374,000	+6.0%	14,386	-6.0%	1.02%	+1.9%
FCX	Sell	FREEPORT-MCMORAN, INC.	$1,371,000	-13.9%	126,197	-11.8%	1.02%	-17.3%
KMI	Sell	KINDER MORGAN INC	$1,333,000	+14.1%	57,626	-7.6%	0.99%	+9.6%
DOW	Buy	DOW CHEMICAL COMPANY	$1,277,000	+36.9%	24,649	+31.3%	0.95%	+31.7%
DAL	Buy	DELTA AIR LINES INC	$1,218,000	+198.5%	30,955	+176.3%	0.90%	+187.0%
ABBV	Buy	ABBVIE INC	$1,095,000	+115.6%	17,355	+111.5%	0.81%	+107.1%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$1,060,000	-10.6%	57,235	-15.3%	0.79%	-14.1%
USCR	New	US CONCRETE INC	$1,043,000	–	22,640	–	0.77%	–
CF	New	CF INDUSTRIES HOLDINGS INC	$1,017,000	–	41,790	–	0.76%	–
KS	Sell	KAPSTONE PAPER & PACKAGING CRP	$961,000	+41.7%	50,790	-2.6%	0.71%	+36.3%
BAC	Buy	BANK OF AMERICA CORPORATION	$948,000	+27.9%	60,520	+8.5%	0.70%	+22.9%
URI	Sell	UNITED RENTALS INC	$934,000	-16.3%	11,900	-28.5%	0.69%	-19.6%
MU	Sell	MICRON TECHNOLOGY INC	$930,000	-5.6%	52,350	-26.8%	0.69%	-9.2%
FDX	Sell	FEDEX CORP	$861,000	+7.0%	4,931	-7.0%	0.64%	+2.9%
MRK	Sell	MERCK & CO INC	$841,000	+6.1%	13,478	-2.2%	0.62%	+2.0%
HD	Buy	HOME DEPOT INC	$819,000	+0.7%	6,366	+0.0%	0.61%	-3.2%
COST	Sell	COSTCO WHOLESALE CORP	$803,000	-6.2%	5,269	-3.4%	0.60%	-9.8%
LTXB	Sell	LEGACY TX FINANCIAL GROUP INC	$784,000	+10.7%	24,781	-5.9%	0.58%	+6.4%
CSCO	Buy	CISCO SYSTEMS INC	$745,000	+43.3%	23,498	+29.7%	0.55%	+37.9%
LQ	Sell	LA QUINTA HOLDINGS INC	$700,000	-2.2%	62,610	-0.4%	0.52%	-6.1%
SO	Sell	SOUTHERN CO	$678,000	-22.5%	13,216	-19.0%	0.50%	-25.6%
MTDR	Buy	MATADOR RESOURCES CO	$656,000	+35.0%	26,985	+9.9%	0.49%	+29.9%
GMRE	Buy	GLOBAL MED REIT INCret	$635,000	+424.8%	65,050	+442.1%	0.47%	+406.5%
AEE	Sell	AMEREN CORP	$632,000	-10.4%	12,852	-2.3%	0.47%	-13.8%
DIS	Sell	DISNEY WALT CO DISNEY	$631,000	-6.7%	6,790	-1.7%	0.47%	-10.3%
WFC	New	WELLS FARGO & CO	$604,000	–	13,635	–	0.45%	–
HAL	Sell	HALLIBURTON CO	$579,000	-61.9%	12,885	-61.6%	0.43%	-63.4%
MS	Sell	MORGAN STANLEY	$562,000	+10.8%	17,526	-10.2%	0.42%	+6.6%
CFR	Sell	CULLEN FROST BANKERS INC	$559,000	+11.8%	7,775	-1.0%	0.42%	+7.5%
HZNP	Sell	HORIZON PHARMA PLC	$542,000	+1.5%	29,930	-7.7%	0.40%	-2.4%
CVX	Sell	CHEVRON CORP	$520,000	-6.5%	5,053	-9.0%	0.39%	-10.0%
X	Sell	UNITED STATES STEEL CORP	$467,000	-24.8%	24,730	-32.8%	0.35%	-27.6%
AXP	Sell	AMERICAN EXPRESS CO	$449,000	-6.7%	7,015	-11.3%	0.33%	-10.2%
FB	Buy	FACEBOOK INC CL A	$411,000	+18.1%	3,200	+4.9%	0.30%	+13.4%
WHR	Sell	WHIRLPOOL CORP	$409,000	-16.9%	2,520	-14.6%	0.30%	-20.3%
KSS	Buy	KOHLS CORP	$405,000	+47.3%	9,255	+27.6%	0.30%	+42.0%
DHI	Sell	D R HORTON INC	$402,000	-12.0%	13,305	-8.3%	0.30%	-15.6%
NXPI	Buy	NXP SEMICONDUCTORS NV	$397,000	+61.4%	3,890	+23.9%	0.30%	+55.3%
WMT	New	WAL-MART STORES INC	$393,000	–	5,451	–	0.29%	–
JPM	New	JPMORGAN CHASE & CO	$386,000	–	5,797	–	0.29%	–
WIRE	Sell	ENCORE WIRE CORP	$382,000	-11.2%	10,401	-10.0%	0.28%	-14.8%
OC	Sell	OWENS CORNING NEW	$372,000	-4.6%	6,975	-7.9%	0.28%	-8.3%
LLY	New	ELI LILLY & CO	$371,000	–	4,626	–	0.28%	–
AAPL	Buy	APPLE INC	$371,000	+18.5%	3,281	+0.1%	0.28%	+13.6%
PHX	Sell	PANHANDLE OIL AND GAS INC CL A	$354,000	-34.7%	20,184	-37.9%	0.26%	-37.1%
MYCC	Buy	CLUBCORP HOLDINGS INC	$352,000	+35.9%	24,309	+21.8%	0.26%	+30.5%
AEO	Sell	AMERICAN EAGLE OUTFITTERS NEW	$347,000	-22.2%	19,410	-30.7%	0.26%	-25.3%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS Lltp	$346,000	-10.1%	12,531	-4.7%	0.26%	-13.5%
DXYN	Sell	DIXIE GROUP INC CL A	$328,000	+7.2%	65,550	-23.8%	0.24%	+3.0%
FCHPRA	Sell	FELCOR LODGING TR INC CONV PFDpfd	$322,000	-2.4%	12,850	-1.9%	0.24%	-6.3%
AEP	Sell	AMERICAN ELECTRIC POWER INC	$284,000	-13.4%	4,425	-5.3%	0.21%	-16.6%
PRIM	Sell	PRIMORIS SERVICES CORP	$282,000	-43.4%	13,673	-48.0%	0.21%	-45.6%
COP	Sell	CONOCOPHILLIPS	$278,000	-4.8%	6,394	-4.7%	0.21%	-8.4%
MLM	Sell	MARTIN MARIETTA MATERIALS INC	$276,000	-12.4%	1,543	-6.1%	0.20%	-15.6%
GSK	Sell	GLAXOSMITHKLINE PLC SP ADRadr	$274,000	-4.5%	6,365	-3.8%	0.20%	-8.6%
WETF	New	WISDOMTREE INV INC	$272,000	–	26,350	–	0.20%	–
CRK	New	COMSTOCK RESOURCES INC	$271,000	–	35,472	–	0.20%	–
CNK	Sell	CINEMARK HOLDINGS INC	$271,000	-11.1%	7,063	-15.5%	0.20%	-14.5%
DLTH	Sell	DULUTH HOLDINGS INC CL B	$257,000	-41.6%	9,700	-46.1%	0.19%	-43.8%
NCMI	Buy	NATIONAL CINEMEDIA INC	$255,000	-4.1%	17,281	+0.6%	0.19%	-7.8%
PEP	Sell	PEPSICO INC	$223,000	-2.2%	2,048	-4.6%	0.16%	-6.2%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$219,000	-48.3%	4,064	-29.5%	0.16%	-50.5%
TXN	Sell	TEXAS INSTRUMENTS INC	$217,000	-11.1%	3,099	-20.5%	0.16%	-14.4%
CXW	New	CORRECTIONS CORP AMERICA NEWret	$205,000	–	14,750	–	0.15%	–
BETR	Sell	AMPLIFY SNACK BRANDS	$200,000	-8.3%	12,375	-16.4%	0.15%	-11.9%
HW	Sell	HEADWATERS INC	$184,000	-7.5%	10,850	-2.3%	0.14%	-11.0%
TMST	New	TIMKENSTEEL CORP	$110,000	–	10,500	–	0.08%	–
LGCY	Sell	LEGACY RESERVES LPltp	$24,000	-40.0%	17,961	-28.1%	0.02%	-41.9%
HDYNQ	Sell	HYPERDYNAMICS CORP	$14,000	+180.0%	11,724	-10.3%	0.01%	+150.0%
LUB	Exit	LUBYS INC	$0	–	-14,625	–	-0.06%	–
CRK	Exit	COMSTOCK RESOURCES INC	$0	–	-224,554	–	-0.15%	–
OKE	Exit	ONEOK INC	$0	–	-4,590	–	-0.17%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-11,250	–	-0.18%	–
KO	Exit	COCA-COLA CO	$0	–	-5,712	–	-0.20%	–
HDS	Exit	HD SUPPLY HOLDINGS INC	$0	–	-7,850	–	-0.21%	–
MYL	Exit	MYLAN NV EURO	$0	–	-7,430	–	-0.25%	–
AHC	Exit	A H BELO CORP CL A	$0	–	-64,417	–	-0.25%	–
PPC	Exit	PILGRIMS PRIDE CORP	$0	–	-13,750	–	-0.27%	–
LGIH	Exit	LGI HOMES INC	$0	–	-11,800	–	-0.29%	–
HSY	Exit	HERSHEY CO	$0	–	-3,951	–	-0.35%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,893	–	-0.55%	–

Q2 2016

			Value		Shares		↓ Weighting
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$14,486,000	–	389,206	–	11.18%	–
TPL	New	TEXAS PAC LD TR SUB CTF PROP I	$7,721,000	–	45,778	–	5.96%	–
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$5,429,000	–	380,685	–	4.19%	–
ATO	New	ATMOS ENERGY CORP	$4,470,000	–	54,967	–	3.45%	–
JNJ	New	JOHNSON & JOHNSON	$4,294,000	–	35,400	–	3.32%	–
T	New	AT&T INC	$4,122,000	–	95,390	–	3.18%	–
TRN	New	TRINITY INDUSTRIES INC	$3,842,000	–	206,873	–	2.97%	–
LUV	New	SOUTHWEST AIRLINES CO	$3,754,000	–	95,742	–	2.90%	–
XEL	New	XCEL ENERGY INC	$3,695,000	–	82,513	–	2.85%	–
GE	New	GENERAL ELECTRIC COMPANY	$3,547,000	–	112,662	–	2.74%	–
RHP	New	RYMAN HOSPITALITY PROPERTIES Iret	$3,470,000	–	68,513	–	2.68%	–
XOM	New	EXXON MOBIL CORP	$3,394,000	–	36,200	–	2.62%	–
EXP	New	EAGLE MATERIALS INC	$3,369,000	–	43,670	–	2.60%	–
BA	New	BOEING CO	$2,732,000	–	21,031	–	2.11%	–
GEO	New	GEO GROUP INCret	$2,426,000	–	70,978	–	1.87%	–
IP	New	INTERNATIONAL PAPER CO	$2,364,000	–	55,778	–	1.82%	–
ENLC	New	ENLINK MIDSTREAM LLC UNIT REP	$2,362,000	–	148,434	–	1.82%	–
HP	New	HELMERICH & PAYNE INC	$2,218,000	–	33,036	–	1.71%	–
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$2,093,000	–	195,608	–	1.62%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$1,882,000	–	66,478	–	1.45%	–
DUK	New	DUKE ENERGY CORP	$1,754,000	–	20,444	–	1.35%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,613,000	–	28,892	–	1.24%	–
FCX	New	FREEPORT-MCMORAN, INC.	$1,593,000	–	143,013	–	1.23%	–
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$1,577,000	–	151,790	–	1.22%	–
JCPNQ	New	PENNEY J C INC	$1,560,000	–	175,700	–	1.20%	–
HAL	New	HALLIBURTON CO	$1,521,000	–	33,591	–	1.17%	–
PG	New	PROCTER & GAMBLE CO	$1,296,000	–	15,304	–	1.00%	–
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$1,186,000	–	67,543	–	0.92%	–
KMI	New	KINDER MORGAN INC	$1,168,000	–	62,388	–	0.90%	–
URI	New	UNITED RENTALS INC	$1,116,000	–	16,640	–	0.86%	–
GM	New	GENERAL MOTORS CO	$1,017,000	–	35,929	–	0.78%	–
MU	New	MICRON TECHNOLOGY INC	$985,000	–	71,550	–	0.76%	–
DOW	New	DOW CHEMICAL COMPANY	$933,000	–	18,774	–	0.72%	–
SO	New	SOUTHERN CO	$875,000	–	16,315	–	0.68%	–
COST	New	COSTCO WHOLESALE CORP	$856,000	–	5,453	–	0.66%	–
HD	New	HOME DEPOT INC	$813,000	–	6,365	–	0.63%	–
FDX	New	FEDEX CORP	$805,000	–	5,305	–	0.62%	–
MRK	New	MERCK & CO INC	$793,000	–	13,777	–	0.61%	–
CELG	New	CELGENE CORP	$743,000	–	7,532	–	0.57%	–
BAC	New	BANK OF AMERICA CORPORATION	$741,000	–	55,772	–	0.57%	–
LMT	New	LOCKHEED MARTIN CORP	$718,000	–	2,893	–	0.55%	–
LQ	New	LA QUINTA HOLDINGS INC	$716,000	–	62,860	–	0.55%	–
LTXB	New	LEGACY TX FINANCIAL GROUP INC	$708,000	–	26,322	–	0.55%	–
AEE	New	AMEREN CORP	$705,000	–	13,148	–	0.54%	–
HON	New	HONEYWELL INTL INC	$680,000	–	5,850	–	0.52%	–
KS	New	KAPSTONE PAPER & PACKAGING CRP	$678,000	–	52,160	–	0.52%	–
DIS	New	DISNEY WALT CO DISNEY	$676,000	–	6,910	–	0.52%	–
X	New	UNITED STATES STEEL CORP	$621,000	–	36,826	–	0.48%	–
CVX	New	CHEVRON CORP	$556,000	–	5,552	–	0.43%	–
PHX	New	PANHANDLE OIL AND GAS INC CL A	$542,000	–	32,510	–	0.42%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC	$539,000	–	11,525	–	0.42%	–
HZNP	New	HORIZON PHARMA PLC	$534,000	–	32,430	–	0.41%	–
CSCO	New	CISCO SYSTEMS INC	$520,000	–	18,123	–	0.40%	–
ABBV	New	ABBVIE INC	$508,000	–	8,205	–	0.39%	–
MS	New	MORGAN STANLEY	$507,000	–	19,526	–	0.39%	–
CFR	New	CULLEN FROST BANKERS INC	$500,000	–	7,850	–	0.39%	–
PRIM	New	PRIMORIS SERVICES CORP	$498,000	–	26,318	–	0.38%	–
WHR	New	WHIRLPOOL CORP	$492,000	–	2,950	–	0.38%	–
MTDR	New	MATADOR RESOURCES CO	$486,000	–	24,555	–	0.38%	–
AXP	New	AMERICAN EXPRESS CO	$481,000	–	7,913	–	0.37%	–
DHI	New	D R HORTON INC	$457,000	–	14,504	–	0.35%	–
HSY	New	HERSHEY CO	$448,000	–	3,951	–	0.35%	–
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$446,000	–	28,010	–	0.34%	–
DLTH	New	DULUTH HOLDINGS INC CL B	$440,000	–	18,000	–	0.34%	–
WIRE	New	ENCORE WIRE CORP	$430,000	–	11,551	–	0.33%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$424,000	–	5,764	–	0.33%	–
DAL	New	DELTA AIR LINES INC	$408,000	–	11,204	–	0.32%	–
OC	New	OWENS CORNING NEW	$390,000	–	7,575	–	0.30%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS Lltp	$385,000	–	13,146	–	0.30%	–
LGIH	New	LGI HOMES INC	$377,000	–	11,800	–	0.29%	–
PPC	New	PILGRIMS PRIDE CORP	$350,000	–	13,750	–	0.27%	–
FB	New	FACEBOOK INC CL A	$348,000	–	3,050	–	0.27%	–
FCHPRA	New	FELCOR LODGING TR INC CONV PFDpfd	$330,000	–	13,100	–	0.26%	–
AEP	New	AMERICAN ELECTRIC POWER INC	$328,000	–	4,675	–	0.25%	–
AHC	New	A H BELO CORP CL A	$322,000	–	64,417	–	0.25%	–
MYL	New	MYLAN NV EURO	$321,000	–	7,430	–	0.25%	–
MLM	New	MARTIN MARIETTA MATERIALS INC	$315,000	–	1,643	–	0.24%	–
AAPL	New	APPLE INC	$313,000	–	3,278	–	0.24%	–
DXYN	New	DIXIE GROUP INC CL A	$306,000	–	86,050	–	0.24%	–
CNK	New	CINEMARK HOLDINGS INC	$305,000	–	8,363	–	0.24%	–
LFVN	New	LIFEVANTAGE CORP	$291,000	–	21,428	–	0.22%	–
COP	New	CONOCOPHILLIPS	$292,000	–	6,710	–	0.22%	–
GSK	New	GLAXOSMITHKLINE PLC SP ADRadr	$287,000	–	6,615	–	0.22%	–
KSS	New	KOHLS CORP	$275,000	–	7,254	–	0.21%	–
HDS	New	HD SUPPLY HOLDINGS INC	$273,000	–	7,850	–	0.21%	–
AGCO	New	AGCO CORP	$269,000	–	5,700	–	0.21%	–
NCMI	New	NATIONAL CINEMEDIA INC	$266,000	–	17,173	–	0.20%	–
WEC	New	WEC ENERGY GROUP INC	$261,000	–	4,000	–	0.20%	–
KO	New	COCA-COLA CO	$259,000	–	5,712	–	0.20%	–
MYCC	New	CLUBCORP HOLDINGS INC	$259,000	–	19,950	–	0.20%	–
NXPI	New	NXP SEMICONDUCTORS NV	$246,000	–	3,140	–	0.19%	–
TXN	New	TEXAS INSTRUMENTS INC	$244,000	–	3,899	–	0.19%	–
	New	HODGES INSTmtf	$239,000	–	6,354	–	0.18%	–
SUPN	New	SUPERNUS PHARMACEUTICALS INC	$229,000	–	11,250	–	0.18%	–
PEP	New	PEPSICO INC	$228,000	–	2,147	–	0.18%	–
BETR	New	AMPLIFY SNACK BRANDS	$218,000	–	14,800	–	0.17%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$217,000	–	1	–	0.17%	–
OKE	New	ONEOK INC	$218,000	–	4,590	–	0.17%	–
HW	New	HEADWATERS INC	$199,000	–	11,100	–	0.15%	–
CRK	New	COMSTOCK RESOURCES INC	$189,000	–	224,554	–	0.15%	–
KKR	New	KKR & CO LP DEL UNITSltp	$182,000	–	14,750	–	0.14%	–
CEF	New	CENTRAL FUND CDA LTD CL Amtf	$171,000	–	12,300	–	0.13%	–
	New	PROFESSIONALLY MANAGED PORTFOLmtf	$149,000	–	13,864	–	0.12%	–
GMRE	New	GLOBAL MED REIT INCret	$121,000	–	12,000	–	0.09%	–
LUB	New	LUBYS INC	$74,000	–	14,625	–	0.06%	–
INTZ	New	INTRUSION INC	$47,000	–	160,045	–	0.04%	–
LGCY	New	LEGACY RESERVES LPltp	$40,000	–	24,966	–	0.03%	–
	New	ID WATCHDOG INC	$36,000	–	264,000	–	0.03%	–
ADK	New	ADCARE HEALTH SYSTEMS INC	$19,000	–	10,148	–	0.02%	–
HDYNQ	New	HYPERDYNAMICS CORP	$5,000	–	13,074	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
HEROQ	Exit	HERCULES OFFSHORE INC	$0	–	-82,900	–	-0.00%	–
HDYNQ	Exit	HYPERDYNAMICS CORP	$0	–	-13,680	–	-0.01%	–
	Exit	ID WATCHDOG INC	$0	–	-264,000	–	-0.01%	–
ADK	Exit	ADCARE HEALTH SYSTEMS INC	$0	–	-10,148	–	-0.03%	–
SIRI	Exit	SIRIUS XM HOLDINGS INC	$0	–	-21,901	–	-0.07%	–
BAS	Exit	BASIC ENERGY SERVICES INC	$0	–	-27,400	–	-0.08%	–
BDBD	Exit	BOULDER BRANDS INC	$0	–	-12,000	–	-0.08%	–
LFVN	Exit	LIFEVANTAGE CORP	$0	–	-150,000	–	-0.10%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INCret	$0	–	-11,711	–	-0.11%	–
CEF	Exit	CENTRAL FUND CDA LTD CL Amtf	$0	–	-12,300	–	-0.11%	–
LUB	Exit	LUBYS INC	$0	–	-28,725	–	-0.12%	–
MSB	Exit	MESABI TRUST	$0	–	-13,539	–	-0.13%	–
DXYN	Exit	DIXIE GROUP INC CL A	$0	–	-20,250	–	-0.14%	–
ESV	Exit	ENSCO PLC CLASS A	$0	–	-12,147	–	-0.14%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-15,754	–	-0.14%	–
RMCF	Exit	ROCKY MOUNTAIN CHOCOLATE FACTO	$0	–	-17,133	–	-0.16%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,855	–	-0.17%	–
GSK	Exit	GLAXOSMITHKLINE PLC SP ADRadr	$0	–	-5,505	–	-0.17%	–
JOE	Exit	ST JOE CO	$0	–	-11,200	–	-0.18%	–
X	Exit	UNITED STATES STEEL CORP	$0	–	-20,701	–	-0.18%	–
	Exit	HODGES INSTmtf	$0	–	-6,254	–	-0.18%	–
NCMI	Exit	NATIONAL CINEMEDIA INC	$0	–	-16,509	–	-0.18%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-25,700	–	-0.20%	–
AGCO	Exit	AGCO CORP	$0	–	-5,150	–	-0.20%	–
CFR	Exit	CULLEN FROST BANKERS INC	$0	–	-3,900	–	-0.20%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-7,763	–	-0.21%	–
PHM	Exit	PULTE GROUP	$0	–	-13,675	–	-0.21%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-6,074	–	-0.21%	–
KO	Exit	COCA-COLA CO	$0	–	-6,612	–	-0.22%	–
INTZ	Exit	INTRUSION INC	$0	–	-164,070	–	-0.23%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,950	–	-0.23%	–
ENLC	Exit	ENLINK MIDSTREAM LLC UNIT REP	$0	–	-15,715	–	-0.24%	–
SCVL	Exit	SHOE CARNIVAL INC	$0	–	-12,190	–	-0.24%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-5,640	–	-0.24%	–
SUPN	Exit	SUPERNUS PHARMACEUTICALS INC	$0	–	-21,350	–	-0.25%	–
AEP	Exit	AMERICAN ELECTRIC POWER INC	$0	–	-5,275	–	-0.25%	–
FCHPRA	Exit	FELCOR LODGING TR INC CONV PFDpfd	$0	–	-12,350	–	-0.25%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	-7,052	–	-0.26%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-2,250	–	-0.27%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS Lltp	$0	–	-13,646	–	-0.28%	–
WIRE	Exit	ENCORE WIRE CORP	$0	–	-10,751	–	-0.29%	–
MS	Exit	MORGAN STANLEY	$0	–	-12,026	–	-0.31%	–
LGCY	Exit	LEGACY RESERVES LPltp	$0	–	-94,851	–	-0.32%	–
AAPL	Exit	APPLE INC	$0	–	-3,549	–	-0.32%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,276	–	-0.33%	–
CVX	Exit	CHEVRON CORP	$0	–	-5,227	–	-0.34%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-7,214	–	-0.35%	–
DHI	Exit	D R HORTON INC	$0	–	-15,050	–	-0.36%	–
CRK	Exit	COMSTOCK RESOURCES INC	$0	–	-248,089	–	-0.39%	–
LTXB	Exit	LEGACY TX FINANCIAL GROUP INC	$0	–	-15,924	–	-0.40%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-33,070	–	-0.41%	–
AHC	Exit	A H BELO CORP CL A	$0	–	-110,150	–	-0.45%	–
DIS	Exit	DISNEY WALT CO DISNEY	$0	–	-5,510	–	-0.46%	–
KS	Exit	KAPSTONE PAPER & PACKAGING CRP	$0	–	-34,450	–	-0.47%	–
AEE	Exit	AMEREN CORP	$0	–	-13,885	–	-0.48%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-11,225	–	-0.48%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-7,963	–	-0.49%	–
MTDR	Exit	MATADOR RESOURCES CO	$0	–	-29,825	–	-0.51%	–
PPC	Exit	PILGRIMS PRIDE CORP	$0	–	-32,150	–	-0.55%	–
MRK	Exit	MERCK & CO INC	$0	–	-13,874	–	-0.56%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS NEW	$0	–	-45,400	–	-0.58%	–
HDS	Exit	HD SUPPLY HOLDINGS INC	$0	–	-25,350	–	-0.60%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-28,679	–	-0.62%	–
SO	Exit	SOUTHERN CO	$0	–	-17,049	–	-0.63%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-49,070	–	-0.63%	–
HD	Exit	HOME DEPOT INC	$0	–	-7,027	–	-0.65%	–
UAL	Exit	UNITED CONTL HOLDINGS INC	$0	–	-15,000	–	-0.65%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-27,120	–	-0.69%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-32,038	–	-0.73%	–
CELG	Exit	CELGENE CORP	$0	–	-8,632	–	-0.77%	–
HSY	Exit	HERSHEY CO	$0	–	-10,364	–	-0.78%	–
KSS	Exit	KOHLS CORP	$0	–	-20,752	–	-0.79%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-25,995	–	-0.81%	–
URI	Exit	UNITED RENTALS INC	$0	–	-17,225	–	-0.85%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-7,316	–	-0.87%	–
PHX	Exit	PANHANDLE OIL AND GAS INC CL A	$0	–	-68,358	–	-0.91%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-5,427	–	-0.92%	–
PRIM	Exit	PRIMORIS SERVICES CORP	$0	–	-71,041	–	-1.05%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-71,273	–	-1.05%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-32,478	–	-1.16%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-20,915	–	-1.24%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-147,921	–	-1.30%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-22,711	–	-1.34%	–
FCX	Exit	FREEPORT-MCMORAN, INC.	$0	–	-179,940	–	-1.43%	–
HAL	Exit	HALLIBURTON CO	$0	–	-52,989	–	-1.54%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-202,761	–	-1.66%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-44,055	–	-1.71%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-157,576	–	-1.75%	–
GEO	Exit	GEO GROUP INCret	$0	–	-85,363	–	-2.09%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-40,086	–	-2.26%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-38,996	–	-2.38%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-75,410	–	-2.41%	–
RHP	Exit	RYMAN HOSPITALITY PROPERTIES Iret	$0	–	-60,058	–	-2.43%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-119,130	–	-2.47%	–
T	Exit	AT&T INC	$0	–	-98,600	–	-2.64%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-252,616	–	-3.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-40,492	–	-3.11%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-108,673	–	-3.16%	–
BA	Exit	BOEING CO	$0	–	-29,791	–	-3.21%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-112,956	–	-3.53%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-74,819	–	-3.58%	–
TRN	Exit	TRINITY INDUSTRIES INC	$0	–	-204,189	–	-3.80%	–
TPL	Exit	TEXAS PAC LD TR SUB CTF PROP I	$0	–	-53,687	–	-6.19%	–
	Exit	PROFESSIONALLY MANAGED PORTFOLmtf	$0	–	-392,135	–	-11.11%	–

Q3 2015

			Value		Shares		↓ Weighting
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$13,513,000	-15.4%	392,135	-6.5%	11.11%	-3.6%
TPL	Sell	TEXAS PAC LD TR SUB CTF PROP I	$7,530,000	-10.5%	53,687	-4.0%	6.19%	+2.0%
TRN	Buy	TRINITY INDUSTRIES INC	$4,629,000	-10.7%	204,189	+4.1%	3.80%	+1.7%
ATO	Sell	ATMOS ENERGY CORP	$4,353,000	+4.9%	74,819	-7.6%	3.58%	+19.5%
LUV	Sell	SOUTHWEST AIRLINES CO	$4,297,000	+3.4%	112,956	-10.1%	3.53%	+17.8%
BA	Sell	BOEING CO	$3,901,000	-16.0%	29,791	-11.0%	3.21%	-4.2%
XEL	Sell	XCEL ENERGY INC	$3,848,000	+2.2%	108,673	-7.1%	3.16%	+16.5%
JNJ	Sell	JOHNSON & JOHNSON	$3,780,000	-13.0%	40,492	-9.2%	3.11%	-0.9%
	Buy	PROFESSIONALLY MANAGED PORTFOLmtf	$3,659,000	+5.8%	252,616	+9.4%	3.01%	+20.7%
T	Sell	AT&T INC	$3,213,000	-9.1%	98,600	-0.9%	2.64%	+3.6%
GE	Sell	GENERAL ELECTRIC COMPANY	$3,004,000	-8.6%	119,130	-3.7%	2.47%	+4.1%
RHP	Sell	RYMAN HOSPITALITY PROPERTIES Iret	$2,956,000	-18.1%	60,058	-11.6%	2.43%	-6.6%
AAL	Buy	AMERICAN AIRLINES GROUP INC	$2,928,000	+4.0%	75,410	+6.9%	2.41%	+18.5%
XOM	Sell	EXXON MOBIL CORP	$2,900,000	-16.0%	38,996	-6.1%	2.38%	-4.3%
EXP	Sell	EAGLE MATERIALS INC	$2,743,000	-16.5%	40,086	-6.9%	2.26%	-4.9%
GEO	Buy	GEO GROUP INCret	$2,538,000	-11.2%	85,363	+2.0%	2.09%	+1.2%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$2,127,000	-11.3%	157,576	-3.9%	1.75%	+1.2%
HP	Buy	HELMERICH & PAYNE INC	$2,082,000	-23.8%	44,055	+13.6%	1.71%	-13.1%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$2,017,000	-21.8%	202,761	-6.2%	1.66%	-10.8%
HAL	Sell	HALLIBURTON CO	$1,873,000	-32.8%	52,989	-18.2%	1.54%	-23.4%
FCX	Buy	FREEPORT-MCMORAN, INC.	$1,744,000	+22.0%	179,940	+134.5%	1.43%	+39.1%
DUK	Sell	DUKE ENERGY CORP	$1,634,000	+1.1%	22,711	-0.8%	1.34%	+15.2%
	Buy	PROFESSIONALLY MANAGED PORTFOLmtf	$1,577,000	-8.3%	147,921	+0.9%	1.30%	+4.5%
PG	Sell	PROCTER & GAMBLE CO	$1,504,000	-26.1%	20,915	-19.6%	1.24%	-15.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,413,000	-7.7%	32,478	-1.1%	1.16%	+5.3%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$1,275,000	-15.7%	71,273	-4.3%	1.05%	-3.9%
PRIM	Sell	PRIMORIS SERVICES CORP	$1,272,000	-14.8%	71,041	-5.8%	1.05%	-2.9%
LMT	Sell	LOCKHEED MARTIN CORP	$1,125,000	-12.2%	5,427	-21.3%	0.92%	0.0%
PHX	Sell	PANHANDLE OIL AND GAS INC CL A	$1,104,000	-30.8%	68,358	-11.3%	0.91%	-21.0%
COST	Sell	COSTCO WHOLESALE CORP	$1,058,000	-13.1%	7,316	-18.9%	0.87%	-0.9%
URI	Buy	UNITED RENTALS INC	$1,034,000	+125.8%	17,225	+229.7%	0.85%	+157.6%
IP	Buy	INTERNATIONAL PAPER CO	$982,000	+21.2%	25,995	+52.7%	0.81%	+38.2%
KSS	Sell	KOHLS CORP	$961,000	-37.4%	20,752	-15.3%	0.79%	-28.6%
HSY	Sell	HERSHEY CO	$953,000	-28.4%	10,364	-30.8%	0.78%	-18.4%
CELG	Buy	CELGENE CORP	$933,000	-2.6%	8,632	+4.2%	0.77%	+11.0%
KMI	Buy	KINDER MORGAN INC	$887,000	-1.7%	32,038	+36.5%	0.73%	+12.0%
GM	Buy	GENERAL MOTORS CO	$835,000	+24.4%	27,120	+34.8%	0.69%	+41.7%
UAL	Sell	UNITED CONTL HOLDINGS INC	$796,000	-13.5%	15,000	-13.5%	0.65%	-1.5%
HD	Sell	HOME DEPOT INC	$794,000	-32.3%	7,027	-33.4%	0.65%	-22.8%
BAC	Buy	BANK OF AMERICA CORPORATION	$764,000	+27.8%	49,070	+39.8%	0.63%	+45.7%
SO	Sell	SOUTHERN CO	$762,000	+2.8%	17,049	-3.7%	0.63%	+17.2%
CSCO	Sell	CISCO SYSTEMS INC	$753,000	-16.4%	28,679	-12.6%	0.62%	-4.8%
HDS	Sell	HD SUPPLY HOLDINGS INC	$726,000	-22.1%	25,350	-4.3%	0.60%	-11.2%
AEO	New	AMERICAN EAGLE OUTFITTERS NEW	$710,000	–	45,400	–	0.58%	–
MRK	Sell	MERCK & CO INC	$685,000	-14.3%	13,874	-1.1%	0.56%	-2.3%
PPC	Buy	PILGRIMS PRIDE CORP	$668,000	+11.7%	32,150	+23.7%	0.55%	+27.4%
MTDR	Buy	MATADOR RESOURCES CO	$618,000	+12.6%	29,825	+35.7%	0.51%	+28.3%
AXP	Sell	AMERICAN EXPRESS CO	$591,000	-4.5%	7,963	-0.0%	0.49%	+9.0%
TCBI	Sell	TEXAS CAPITAL BANCSHARES INC	$588,000	-16.6%	11,225	-0.9%	0.48%	-4.9%
AEE	Sell	AMEREN CORP	$586,000	+8.3%	13,885	-3.4%	0.48%	+23.6%
KS	New	KAPSTONE PAPER & PACKAGING CRP	$569,000	–	34,450	–	0.47%	–
DIS	Buy	DISNEY WALT CO DISNEY	$563,000	-5.4%	5,510	+5.8%	0.46%	+7.9%
AHC	Sell	A H BELO CORP CL A	$543,000	-18.6%	110,150	-7.6%	0.45%	-7.3%
MU	Buy	MICRON TECHNOLOGY INC	$496,000	+126.5%	33,070	+184.6%	0.41%	+158.2%
LTXB	Sell	LEGACY TX FINANCIAL GROUP INC	$485,000	-26.7%	15,924	-27.3%	0.40%	-16.4%
CRK	Buy	COMSTOCK RESOURCES INC	$474,000	-28.0%	248,089	+25.6%	0.39%	-17.9%
DHI	Buy	D R HORTON INC	$442,000	+11.3%	15,050	+3.8%	0.36%	+26.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$427,000	-30.3%	7,214	-21.7%	0.35%	-20.6%
CVX	Buy	CHEVRON CORP	$412,000	-15.9%	5,227	+2.9%	0.34%	-4.0%
COP	Buy	CONOCOPHILLIPS	$397,000	-18.6%	8,276	+4.0%	0.33%	-7.4%
AAPL	Sell	APPLE INC	$391,000	-27.5%	3,549	-17.4%	0.32%	-17.5%
LGCY	New	LEGACY RESERVES LPltp	$388,000	–	94,851	–	0.32%	–
MS	Buy	MORGAN STANLEY	$379,000	-13.7%	12,026	+6.2%	0.31%	-1.6%
WIRE	New	ENCORE WIRE CORP	$351,000	–	10,751	–	0.29%	–
WHR	Buy	WHIRLPOOL CORP	$331,000	+10.3%	2,250	+29.8%	0.27%	+25.9%
DAL	Sell	DELTA AIR LINES INC	$316,000	+5.3%	7,052	-3.4%	0.26%	+20.4%
SUPN	Buy	SUPERNUS PHARMACEUTICALS INC	$300,000	-9.1%	21,350	+9.8%	0.25%	+3.8%
AEP	Sell	AMERICAN ELECTRIC POWER INC	$300,000	-3.2%	5,275	-9.9%	0.25%	+10.3%
SCVL	Sell	SHOE CARNIVAL INC	$290,000	-33.9%	12,190	-20.0%	0.24%	-24.9%
ENLC	Buy	ENLINK MIDSTREAM LLC UNIT REP	$287,000	-30.0%	15,715	+19.1%	0.24%	-20.3%
INTZ	Sell	INTRUSION INC	$279,000	-11.1%	164,070	-2.4%	0.23%	+1.3%
KO	Sell	COCA-COLA CO	$266,000	-3.3%	6,612	-5.7%	0.22%	+10.6%
PHM	Buy	PULTE GROUP	$258,000	-4.4%	13,675	+2.2%	0.21%	+8.7%
DOW	Sell	DOW CHEMICAL COMPANY	$258,000	-22.1%	6,074	-6.2%	0.21%	-11.3%
CNK	New	CINEMARK HOLDINGS INC	$252,000	–	7,763	–	0.21%	–
CFR	Buy	CULLEN FROST BANKERS INC	$248,000	-14.8%	3,900	+5.4%	0.20%	-2.9%
JCPNQ	Buy	PENNEY J C INC	$239,000	+18.9%	25,700	+8.4%	0.20%	+35.2%
NCMI	Sell	NATIONAL CINEMEDIA INC	$222,000	-18.1%	16,509	-2.9%	0.18%	-6.7%
X	Buy	UNITED STATES STEEL CORP	$216,000	-21.5%	20,701	+55.6%	0.18%	-10.1%
JOE	New	ST JOE CO	$214,000	–	11,200	–	0.18%	–
GSK	Sell	GLAXOSMITHKLINE PLC SP ADRadr	$212,000	-33.5%	5,505	-28.1%	0.17%	-24.3%
ABBV	Buy	ABBVIE INC	$210,000	-6.2%	3,855	+15.8%	0.17%	+6.8%
RMCF	Sell	ROCKY MOUNTAIN CHOCOLATE FACTO	$193,000	-51.0%	17,133	-42.6%	0.16%	-44.0%
	Sell	PROFESSIONALLY MANAGED PORTFOLmtf	$174,000	-14.3%	15,754	-3.7%	0.14%	-2.1%
ESV	Sell	ENSCO PLC CLASS A	$171,000	-67.4%	12,147	-48.5%	0.14%	-62.8%
DXYN	Sell	DIXIE GROUP INC CL A	$169,000	-40.9%	20,250	-25.7%	0.14%	-32.5%
MSB	Sell	MESABI TRUST	$162,000	-53.8%	13,539	-47.5%	0.13%	-47.4%
LUB	Sell	LUBYS INC	$143,000	-35.3%	28,725	-37.1%	0.12%	-25.8%
MPW	Buy	MEDICAL PROPERTIES TRUST INCret	$130,000	-15.0%	11,711	+0.3%	0.11%	-2.7%
BDBD	Sell	BOULDER BRANDS INC	$98,000	-14.8%	12,000	-27.3%	0.08%	-2.4%
BAS	Buy	BASIC ENERGY SERVICES INC	$91,000	+8.3%	27,400	+146.8%	0.08%	+23.0%
SIRI	Sell	SIRIUS XM HOLDINGS INC	$82,000	-47.8%	21,901	-47.8%	0.07%	-40.7%
HDYNQ	Sell	HYPERDYNAMICS CORP	$11,000	-15.4%	13,680	-6.8%	0.01%	0.0%
HEROQ	Sell	HERCULES OFFSHORE INC	$5,000	-81.5%	82,900	-27.5%	0.00%	-78.9%
	Exit	Victory Portfolios Munder Intlmtf	$0	–	-13,404	–	-0.07%	–
OC	Exit	Owens Corning New	$0	–	-4,850	–	-0.14%	–
TM	Exit	Toyota Motor Corp Sp ADR Rep 2adr	$0	–	-1,525	–	-0.15%	–
BRKA	Exit	Berkshire Hathaway Inc Cl A	$0	–	-1	–	-0.15%	–
BRKB	Exit	Berkshire Hathaway Inc Cl B	$0	–	-1,524	–	-0.15%	–
PFE	Exit	Pfizer Inc	$0	–	-7,020	–	-0.17%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-3,686	–	-0.19%	–
LNCOQ	Exit	Linnco LLC Ltd Int	$0	–	-28,525	–	-0.20%	–
SBUX	Exit	Starbucks Corp	$0	–	-5,379	–	-0.21%	–
TXN	Exit	Texas Instruments Inc	$0	–	-7,023	–	-0.26%	–
NKE	Exit	Nike Inc Cl B	$0	–	-4,075	–	-0.32%	–
LINEQ	Exit	Linn Energy LLC Unit Ltd Liabltp	$0	–	-61,848	–	-0.40%	–
FL	Exit	Foot Locker Inc	$0	–	-22,525	–	-1.09%	–

Q2 2015

			Value		Shares		↓ Weighting
	New	Professionally Managed Portfolmtf	$15,971,000	–	419,420	–	11.52%	–
TPL	New	Texas Pac Ld Tr Sub Ctf Prop I	$8,416,000	–	55,923	–	6.07%	–
TRN	New	Trinity Industries Inc	$5,186,000	–	196,206	–	3.74%	–
BA	New	Boeing Co	$4,643,000	–	33,465	–	3.35%	–
JNJ	New	Johnson & Johnson	$4,346,000	–	44,594	–	3.13%	–
LUV	New	Southwest Airlines Co	$4,157,000	–	125,644	–	3.00%	–
ATO	New	Atmos Energy Corp	$4,151,000	–	80,942	–	2.99%	–
XEL	New	Xcel Energy Inc	$3,766,000	–	117,031	–	2.72%	–
RHP	New	Ryman Hospitality Properties Iret	$3,608,000	–	67,943	–	2.60%	–
T	New	AT&T Inc	$3,533,000	–	99,464	–	2.55%	–
	New	Professionally Managed Portfolmtf	$3,457,000	–	230,968	–	2.49%	–
XOM	New	Exxon Mobil Corp	$3,454,000	–	41,516	–	2.49%	–
GE	New	General Electric Company	$3,288,000	–	123,754	–	2.37%	–
EXP	New	Eagle Materials Inc	$3,286,000	–	43,061	–	2.37%	–
GEO	New	GEO Group Incret	$2,859,000	–	83,691	–	2.06%	–
AAL	New	American Airlines Group Inc	$2,816,000	–	70,521	–	2.03%	–
HAL	New	Halliburton Co	$2,789,000	–	64,745	–	2.01%	–
HP	New	Helmerich & Payne Inc	$2,732,000	–	38,796	–	1.97%	–
	New	Professionally Managed Portfolmtf	$2,578,000	–	216,136	–	1.86%	–
	New	Professionally Managed Portfolmtf	$2,397,000	–	163,962	–	1.73%	–
PG	New	Procter & Gamble Co	$2,036,000	–	26,027	–	1.47%	–
	New	Professionally Managed Portfolmtf	$1,719,000	–	146,607	–	1.24%	–
DUK	New	Duke Energy Corp	$1,617,000	–	22,901	–	1.17%	–
PHX	New	Panhandle Oil And Gas Inc Cl A	$1,595,000	–	77,087	–	1.15%	–
KSS	New	Kohls Corp	$1,534,000	–	24,502	–	1.11%	–
VZ	New	Verizon Communications Inc	$1,531,000	–	32,848	–	1.10%	–
	New	Professionally Managed Portfolmtf	$1,512,000	–	74,475	–	1.09%	–
FL	New	Foot Locker Inc	$1,509,000	–	22,525	–	1.09%	–
PRIM	New	Primoris Services Corp	$1,493,000	–	75,422	–	1.08%	–
FCX	New	Freeport-Mcmoran, Inc.	$1,429,000	–	76,727	–	1.03%	–
HSY	New	Hershey Co	$1,331,000	–	14,984	–	0.96%	–
LMT	New	Lockheed Martin Corp	$1,282,000	–	6,895	–	0.92%	–
COST	New	Costco Wholesale Corp	$1,217,000	–	9,016	–	0.88%	–
HD	New	Home Depot Inc	$1,173,000	–	10,550	–	0.85%	–
CELG	New	Celgene Corp	$958,000	–	8,282	–	0.69%	–
HDS	New	HD Supply Holdings Inc	$932,000	–	26,500	–	0.67%	–
UAL	New	United Contl Holdings Inc	$920,000	–	17,350	–	0.66%	–
KMI	New	Kinder Morgan Inc	$902,000	–	23,476	–	0.65%	–
CSCO	New	Cisco Systems Inc	$901,000	–	32,801	–	0.65%	–
IP	New	International Paper Co	$810,000	–	17,029	–	0.58%	–
MRK	New	Merck & Co Inc	$799,000	–	14,023	–	0.58%	–
SO	New	Southern Co	$741,000	–	17,698	–	0.53%	–
TCBI	New	Texas Capital Bancshares Inc	$705,000	–	11,325	–	0.51%	–
GM	New	General Motors Co	$671,000	–	20,116	–	0.48%	–
AHC	New	A H Belo Corp Cl A	$667,000	–	119,150	–	0.48%	–
LTXB	New	Legacy TX Financial Group Inc	$662,000	–	21,917	–	0.48%	–
CRK	New	Comstock Resources Inc	$658,000	–	197,589	–	0.48%	–
AXP	New	American Express Co	$619,000	–	7,965	–	0.45%	–
BMY	New	Bristol-Myers Squibb Co	$613,000	–	9,214	–	0.44%	–
PPC	New	Pilgrims Pride Corp	$598,000	–	26,000	–	0.43%	–
BAC	New	Bank of America Corporation	$598,000	–	35,100	–	0.43%	–
DIS	New	Disney Walt Co Disney	$595,000	–	5,209	–	0.43%	–
LINEQ	New	Linn Energy LLC Unit Ltd Liabltp	$551,000	–	61,848	–	0.40%	–
MTDR	New	Matador Resources Co	$549,000	–	21,975	–	0.40%	–
AEE	New	Ameren Corp	$541,000	–	14,367	–	0.39%	–
AAPL	New	Apple Inc	$539,000	–	4,296	–	0.39%	–
ESV	New	Ensco PLC Class Aadr	$525,000	–	23,593	–	0.38%	–
CVX	New	Chevron Corp	$490,000	–	5,078	–	0.35%	–
COP	New	ConocoPhillips	$488,000	–	7,957	–	0.35%	–
URI	New	United Rentals Inc	$458,000	–	5,225	–	0.33%	–
MS	New	Morgan Stanley	$439,000	–	11,326	–	0.32%	–
SCVL	New	Shoe Carnival Inc	$439,000	–	15,240	–	0.32%	–
NKE	New	Nike Inc Cl B	$440,000	–	4,075	–	0.32%	–
ENLC	New	Enlink Midstream LLC Unit Rep	$410,000	–	13,193	–	0.30%	–
EPD	New	Enterprise Products Partners Lltp	$408,000	–	13,646	–	0.29%	–
DHI	New	D R Horton Inc	$397,000	–	14,500	–	0.29%	–
RMCF	New	Rocky Mountain Chocolate Facto	$394,000	–	29,862	–	0.28%	–
TXN	New	Texas Instruments Inc	$362,000	–	7,023	–	0.26%	–
MSB	New	Mesabi Trust	$351,000	–	25,783	–	0.25%	–
DOW	New	Dow Chemical Company	$331,000	–	6,474	–	0.24%	–
SUPN	New	Supernus Pharmaceuticals Inc	$330,000	–	19,450	–	0.24%	–
GSK	New	GlaxoSmithKline PLC Sp ADRadr	$319,000	–	7,655	–	0.23%	–
INTZ	New	Intrusion Inc	$314,000	–	168,070	–	0.23%	–
AEP	New	American Electric Power Inc	$310,000	–	5,857	–	0.22%	–
FCHPRA	New	Felcor Lodging Tr Inc Conv Pfdpfd	$304,000	–	12,350	–	0.22%	–
HON	New	Honeywell Intl Inc	$301,000	–	2,950	–	0.22%	–
DAL	New	Delta Air Lines Inc	$300,000	–	7,302	–	0.22%	–
WHR	New	Whirlpool Corp	$300,000	–	1,734	–	0.22%	–
AGCO	New	AGCO Corp	$292,000	–	5,150	–	0.21%	–
CFR	New	Cullen Frost Bankers Inc	$291,000	–	3,700	–	0.21%	–
SBUX	New	Starbucks Corp	$288,000	–	5,379	–	0.21%	–
DXYN	New	Dixie Group Inc Cl A	$286,000	–	27,250	–	0.21%	–
X	New	United States Steel Corp	$275,000	–	13,301	–	0.20%	–
KO	New	Coca-Cola Co	$275,000	–	7,012	–	0.20%	–
LNCOQ	New	Linnco LLC Ltd Int	$270,000	–	28,525	–	0.20%	–
NCMI	New	National CineMedia Inc	$271,000	–	17,000	–	0.20%	–
PHM	New	Pulte Group	$270,000	–	13,375	–	0.20%	–
WMT	New	Wal-Mart Stores Inc	$261,000	–	3,686	–	0.19%	–
WEC	New	Wec Energy Group Inc	$254,000	–	5,640	–	0.18%	–
	New	Hodges Instmtf	$242,000	–	6,254	–	0.18%	–
PFE	New	Pfizer Inc	$235,000	–	7,020	–	0.17%	–
ABBV	New	Abbvie Inc	$224,000	–	3,330	–	0.16%	–
LUB	New	Lubys Inc	$221,000	–	45,650	–	0.16%	–
MU	New	Micron Technology Inc	$219,000	–	11,620	–	0.16%	–
BRKB	New	Berkshire Hathaway Inc Cl B	$208,000	–	1,524	–	0.15%	–
BRKA	New	Berkshire Hathaway Inc Cl A	$205,000	–	1	–	0.15%	–
TM	New	Toyota Motor Corp Sp ADR Rep 2adr	$204,000	–	1,525	–	0.15%	–
	New	Professionally Managed Portfolmtf	$203,000	–	16,366	–	0.15%	–
JCPNQ	New	Penney J C Inc	$201,000	–	23,700	–	0.14%	–
OC	New	Owens Corning New	$200,000	–	4,850	–	0.14%	–
SIRI	New	Sirius XM Holdings Inc	$157,000	–	41,941	–	0.11%	–
MPW	New	Medical Properties Trust Incret	$153,000	–	11,675	–	0.11%	–
CEF	New	Central Fund CDA Ltd Cl Amtf	$143,000	–	12,300	–	0.10%	–
BDBD	New	Boulder Brands Inc	$115,000	–	16,500	–	0.08%	–
	New	Victory Portfolios Munder Intlmtf	$94,000	–	13,404	–	0.07%	–
BAS	New	Basic Energy Services Inc	$84,000	–	11,100	–	0.06%	–
LFVN	New	LifeVantage Corp	$79,000	–	150,000	–	0.06%	–
ADK	New	AdCare Health Systems Inc	$35,000	–	10,148	–	0.02%	–
HEROQ	New	Hercules Offshore Inc	$27,000	–	114,300	–	0.02%	–
HDYNQ	New	Hyperdynamics Corp	$13,000	–	14,680	–	0.01%	–
	New	ID Watchdog Inc	$13,000	–	264,000	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	ID Watchdog Inc	$0	–	-264,000	–	-0.01%	–
TRMR	Exit	Tremor Video Inc	$0	–	-16,000	–	-0.02%	–
MHRCQ	Exit	Magnum Hunter Resources Corp	$0	–	-10,000	–	-0.03%	–
ADK	Exit	AdCare Health Systems Inc	$0	–	-13,484	–	-0.04%	–
HDYNQ	Exit	Hyperdynamics Corp	$0	–	-35,689	–	-0.04%	–
NAT	Exit	Nordic American Tanker Shippng	$0	–	-12,250	–	-0.06%	–
ANWWQ	Exit	Aegean Marine Petroleum Networ	$0	–	-11,000	–	-0.06%	–
CEF	Exit	Central Fund CDA Ltd Cl Amtf	$0	–	-12,300	–	-0.09%	–
LFVN	Exit	LifeVantage Corp	$0	–	-150,000	–	-0.10%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-17,556	–	-0.11%	–
MPW	Exit	Medical Properties Trust Incret	$0	–	-15,725	–	-0.12%	–
LGCY	Exit	Legacy Reserves LPltp	$0	–	-6,753	–	-0.12%	–
UTX	Exit	United Technologies Corp	$0	–	-1,920	–	-0.12%	–
BRKA	Exit	Berkshire Hathaway Inc Cl A	$0	–	-1	–	-0.12%	–
NCMI	Exit	National CineMedia Inc	$0	–	-14,700	–	-0.13%	–
DOW	Exit	Dow Chemical Company	$0	–	-4,064	–	-0.13%	–
HEROQ	Exit	Hercules Offshore Inc	$0	–	-98,400	–	-0.13%	–
SMRTQ	Exit	Stein Mart Inc	$0	–	-19,700	–	-0.14%	–
HCP	Exit	HCP Incret	$0	–	-5,761	–	-0.14%	–
EVEPQ	Exit	EV Energy Partners LPltp	$0	–	-6,703	–	-0.14%	–
URI	Exit	United Rentals Inc	$0	–	-2,175	–	-0.14%	–
ENLK	Exit	Enlink Midstream Partners LPltp	$0	–	-8,013	–	-0.14%	–
BAC	Exit	Bank of America Corporation	$0	–	-14,630	–	-0.15%	–
GOGO	Exit	Gogo Inc	$0	–	-15,075	–	-0.15%	–
OKE	Exit	Oneok Inc	$0	–	-4,000	–	-0.16%	–
CNK	Exit	Cinemark Holdings Inc	$0	–	-7,950	–	-0.16%	–
MO	Exit	Altria Group Inc	$0	–	-5,976	–	-0.16%	–
CNI	Exit	Canadian National Railway Co	$0	–	-3,900	–	-0.16%	–
ATW	Exit	Atwood Oceanics Inc	$0	–	-6,600	–	-0.17%	–
GILD	Exit	Gilead Sciences Inc	$0	–	-2,725	–	-0.17%	–
PSX	Exit	Phillips 66	$0	–	-3,613	–	-0.17%	–
NSM	Exit	Nationstar Mtge Holdings Inc	$0	–	-8,550	–	-0.17%	–
KS	Exit	Kapstone Paper & Packaging Crp	$0	–	-10,650	–	-0.18%	–
CMI	Exit	Cummins Inc	$0	–	-2,262	–	-0.18%	–
MVNR	Exit	Mavenir Systems Inc	$0	–	-24,450	–	-0.18%	–
RIG	Exit	Transocean Ltd Reg	$0	–	-9,700	–	-0.18%	–
AEP	Exit	American Electric Power Inc	$0	–	-5,950	–	-0.18%	–
MS	Exit	Morgan Stanley	$0	–	-9,002	–	-0.18%	–
LM	Exit	Legg Mason Inc	$0	–	-6,100	–	-0.18%	–
P105PS	Exit	Integrys Energy Group Inc	$0	–	-5,000	–	-0.19%	–
HON	Exit	Honeywell Intl Inc	$0	–	-3,500	–	-0.19%	–
TM	Exit	Toyota Motor Corp Sp ADR Rep 2adr	$0	–	-3,025	–	-0.21%	–
X	Exit	United States Steel Corp	$0	–	-9,228	–	-0.22%	–
KO	Exit	Coca-Cola Co	$0	–	-8,522	–	-0.22%	–
GSK	Exit	GlaxoSmithKline PLC Sp ADRadr	$0	–	-8,555	–	-0.23%	–
AAPL	Exit	Apple Inc	$0	–	-4,397	–	-0.26%	–
TRC	Exit	Tejon Ranch Co	$0	–	-15,800	–	-0.26%	–
BMY	Exit	Bristol-Myers Squibb Co	$0	–	-9,614	–	-0.29%	–
MU	Exit	Micron Technology Inc	$0	–	-14,450	–	-0.29%	–
NOV	Exit	National Oilwell Varco Inc	$0	–	-6,853	–	-0.31%	–
DIS	Exit	Disney Walt Co Disney	$0	–	-6,133	–	-0.32%	–
DVN	Exit	Devon Energy Corp	$0	–	-8,073	–	-0.33%	–
AEE	Exit	Ameren Corp	$0	–	-15,156	–	-0.34%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-5,296	–	-0.35%	–
VPFG	Exit	Viewpoint Financial Group Inc	$0	–	-24,695	–	-0.35%	–
4945SC	Exit	Kinder Morgan Energy Partnersltp	$0	–	-6,623	–	-0.37%	–
EPD	Exit	Enterprise Products Partners Lltp	$0	–	-15,669	–	-0.38%	–
CRK	Exit	Comstock Resources Inc	$0	–	-34,511	–	-0.38%	–
INTZ	Exit	Intrusion Inc	$0	–	-221,300	–	-0.39%	–
MTDR	Exit	Matador Resources Co	$0	–	-25,975	–	-0.40%	–
TCBI	Exit	Texas Capital Bancshares Inc	$0	–	-12,075	–	-0.41%	–
CELG	Exit	Celgene Corp	$0	–	-7,394	–	-0.42%	–
COP	Exit	ConocoPhillips	$0	–	-9,537	–	-0.43%	–
RMCF	Exit	Rocky Mountain Chocolate Facto	$0	–	-59,411	–	-0.44%	–
ENLC	Exit	Enlink Midstream LLC Unit Rep	$0	–	-18,062	–	-0.44%	–
HD	Exit	Home Depot Inc	$0	–	-8,568	–	-0.47%	–
CVX	Exit	Chevron Corp	$0	–	-6,740	–	-0.48%	–
DAL	Exit	Delta Air Lines Inc	$0	–	-22,476	–	-0.48%	–
LUB	Exit	Lubys Inc	$0	–	-160,070	–	-0.50%	–
IP	Exit	International Paper Co	$0	–	-17,800	–	-0.50%	–
SO	Exit	Southern Co	$0	–	-19,595	–	-0.51%	–
SIRI	Exit	Sirius XM Holdings Inc	$0	–	-268,900	–	-0.56%	–
MRK	Exit	Merck & Co Inc	$0	–	-16,168	–	-0.57%	–
MSB	Exit	Mesabi Trust	$0	–	-58,579	–	-0.66%	–
PHX	Exit	Panhandle Oil And Gas Inc Cl A	$0	–	-19,200	–	-0.68%	–
UAL	Exit	United Contl Holdings Inc	$0	–	-26,225	–	-0.73%	–
PII	Exit	Polaris Industries Inc	$0	–	-8,427	–	-0.75%	–
ESV	Exit	Ensco PLC Class Aadr	$0	–	-32,712	–	-0.82%	–
COST	Exit	Costco Wholesale Corp	$0	–	-11,301	–	-0.84%	–
SIG	Exit	Signet Jewelers Limited	$0	–	-13,400	–	-0.91%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-8,594	–	-0.93%	–
HSY	Exit	Hershey Co	$0	–	-17,477	–	-0.99%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-86,622	–	-1.00%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-154,265	–	-1.00%	–
LNCOQ	Exit	Linnco LLC Ltd Int	$0	–	-61,636	–	-1.06%	–
AAL	Exit	American Airlines Group Inc	$0	–	-51,600	–	-1.09%	–
VZ	Exit	Verizon Communications Inc	$0	–	-37,520	–	-1.11%	–
AHC	Exit	A H Belo Corp Cl A	$0	–	-198,900	–	-1.26%	–
DUK	Exit	Duke Energy Corp	$0	–	-29,347	–	-1.30%	–
HP	Exit	Helmerich & Payne Inc	$0	–	-22,867	–	-1.33%	–
FCX	Exit	Freeport-Mcmoran, Inc.	$0	–	-68,663	–	-1.33%	–
PG	Exit	Procter & Gamble Co	$0	–	-30,058	–	-1.50%	–
EXP	Exit	Eagle Materials Inc	$0	–	-27,351	–	-1.65%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-187,982	–	-1.68%	–
LINEQ	Exit	Linn Energy LLC Unit Ltd Liabltp	$0	–	-102,228	–	-1.83%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-209,000	–	-1.86%	–
LUV	Exit	Southwest Airlines Co	$0	–	-93,130	–	-1.87%	–
GEO	Exit	GEO Group Inc	$0	–	-102,966	–	-2.34%	–
GE	Exit	General Electric Company	$0	–	-153,733	–	-2.34%	–
T	Exit	AT&T Inc	$0	–	-115,329	–	-2.41%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-53,148	–	-2.41%	–
XEL	Exit	Xcel Energy Inc	$0	–	-135,753	–	-2.45%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-274,103	–	-2.67%	–
RHP	Exit	Ryman Hospitality Properties Iret	$0	–	-98,633	–	-2.77%	–
ATO	Exit	Atmos Energy Corp	$0	–	-98,409	–	-2.79%	–
TRN	Exit	Trinity Industries Inc	$0	–	-105,174	–	-2.92%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-53,860	–	-3.01%	–
BA	Exit	Boeing Co	$0	–	-39,886	–	-3.02%	–
HAL	Exit	Halliburton Co	$0	–	-82,254	–	-3.15%	–
JNJ	Exit	Johnson & Johnson	$0	–	-55,108	–	-3.49%	–
TPL	Exit	Texas Pac Ld Tr Sub Ctf Prop I	$0	–	-62,554	–	-7.15%	–
	Exit	Professionally Managed Portfolmtf	$0	–	-477,269	–	-11.37%	–

Q3 2014

			Value		Shares		↓ Weighting
	Sell	Professionally Managed Portfolmtf	$19,139,000	-0.3%	477,269	-0.9%	11.37%	-1.5%
TPL	Buy	Texas Pac Ld Tr Sub Ctf Prop I	$12,038,000	+21.4%	62,554	+1.0%	7.15%	+19.9%
JNJ	Sell	Johnson & Johnson	$5,874,000	-0.9%	55,108	-2.7%	3.49%	-2.0%
HAL	Sell	Halliburton Co	$5,306,000	-13.0%	82,254	-4.3%	3.15%	-14.1%
BA	Sell	Boeing Co	$5,080,000	-3.5%	39,886	-3.6%	3.02%	-4.6%
XOM	Sell	Exxon Mobil Corp	$5,065,000	-9.1%	53,860	-2.7%	3.01%	-10.2%
TRN	Sell	Trinity Industries Inc	$4,914,000	-0.7%	105,174	-7.1%	2.92%	-1.9%
ATO	Sell	Atmos Energy Corp	$4,694,000	-13.0%	98,409	-2.6%	2.79%	-14.0%
RHP	Sell	Ryman Hospitality Properties Iret	$4,665,000	-4.8%	98,633	-3.1%	2.77%	-5.9%
	Buy	Professionally Managed Portfolmtf	$4,493,000	+5.3%	274,103	+0.3%	2.67%	+4.0%
XEL	Sell	Xcel Energy Inc	$4,127,000	-7.4%	135,753	-1.9%	2.45%	-8.5%
T	Sell	AT&T Inc	$4,065,000	-1.0%	115,329	-0.7%	2.41%	-2.2%
WMT	Sell	Wal-Mart Stores Inc	$4,064,000	-1.7%	53,148	-3.5%	2.41%	-2.9%
GE	Sell	General Electric Company	$3,939,000	-4.7%	153,733	-2.3%	2.34%	-5.8%
GEO	Buy	GEO Group Inc	$3,935,000	+125.5%	102,966	+110.8%	2.34%	+122.8%
LUV	Sell	Southwest Airlines Co	$3,145,000	+24.8%	93,130	-0.7%	1.87%	+23.4%
	Sell	Professionally Managed Portfolmtf	$3,133,000	-6.4%	209,000	-1.3%	1.86%	-7.5%
LINEQ	Buy	Linn Energy LLC Unit Ltd Liabltp	$3,081,000	-4.2%	102,228	+2.8%	1.83%	-5.3%
	Buy	Professionally Managed Portfolmtf	$2,820,000	-0.2%	187,982	+0.4%	1.68%	-1.4%
EXP	Buy	Eagle Materials Inc	$2,785,000	+15.4%	27,351	+6.8%	1.65%	+14.0%
PG	Sell	Procter & Gamble Co	$2,517,000	+6.2%	30,058	-0.3%	1.50%	+5.0%
FCX	Buy	Freeport-Mcmoran, Inc.	$2,242,000	-10.1%	68,663	+0.5%	1.33%	-11.1%
HP	Buy	Helmerich & Payne Inc	$2,238,000	+0.5%	22,867	+19.2%	1.33%	-0.7%
DUK	Sell	Duke Energy Corp	$2,194,000	-0.4%	29,347	-1.1%	1.30%	-1.5%
AHC	Buy	A H Belo Corp Cl A	$2,123,000	+4.7%	198,900	+16.2%	1.26%	+3.4%
VZ	Buy	Verizon Communications Inc	$1,876,000	+2.7%	37,520	+0.6%	1.11%	+1.5%
AAL	Sell	American Airlines Group Inc	$1,831,000	-19.6%	51,600	-2.7%	1.09%	-20.6%
LNCOQ	Buy	Linnco LLC Ltd Int	$1,785,000	-6.4%	61,636	+1.1%	1.06%	-7.6%
	Buy	Professionally Managed Portfolmtf	$1,689,000	+3.0%	154,265	+4.6%	1.00%	+1.7%
	Buy	Professionally Managed Portfolmtf	$1,675,000	+3.1%	86,622	+9.0%	1.00%	+1.9%
HSY	Sell	Hershey Co	$1,668,000	-2.2%	17,477	-0.3%	0.99%	-3.3%
LMT	Sell	Lockheed Martin Corp	$1,571,000	+10.2%	8,594	-3.1%	0.93%	+9.0%
SIG	Sell	Signet Jewelers Limited	$1,527,000	-4.1%	13,400	-6.9%	0.91%	-5.2%
COST	Sell	Costco Wholesale Corp	$1,416,000	+8.5%	11,301	-0.2%	0.84%	+7.3%
ESV	Sell	Ensco PLC Class Aadr	$1,374,000	-29.8%	32,712	-7.1%	0.82%	-30.6%
PII	Buy	Polaris Industries Inc	$1,262,000	+55.6%	8,427	+35.4%	0.75%	+54.0%
UAL	Buy	United Contl Holdings Inc	$1,227,000	+44.2%	26,225	+26.5%	0.73%	+42.7%
PHX	Buy	Panhandle Oil And Gas Inc Cl A	$1,146,000	+123.0%	19,200	+109.3%	0.68%	+120.4%
MSB	Sell	Mesabi Trust	$1,118,000	-24.8%	58,579	-22.9%	0.66%	-25.7%
MRK	Sell	Merck & Co Inc	$958,000	-7.8%	16,168	-10.0%	0.57%	-8.8%
SIRI	Sell	Sirius XM Holdings Inc	$939,000	-0.2%	268,900	-1.1%	0.56%	-1.4%
SO	Buy	Southern Co	$856,000	-3.7%	19,595	+0.0%	0.51%	-4.9%
LUB	Sell	Lubys Inc	$851,000	-11.3%	160,070	-1.9%	0.50%	-12.3%
IP	New	International Paper Co	$850,000	–	17,800	–	0.50%	–
DAL	New	Delta Air Lines Inc	$811,000	–	22,476	–	0.48%	–
CVX	Sell	Chevron Corp	$804,000	-9.3%	6,740	-0.7%	0.48%	-10.2%
HD	Buy	Home Depot Inc	$786,000	+24.6%	8,568	+10.0%	0.47%	+23.2%
ENLC	Sell	Enlink Midstream LLC Unit Rep	$747,000	-15.3%	18,062	-14.7%	0.44%	-16.2%
RMCF	Sell	Rocky Mountain Chocolate Facto	$745,000	-5.2%	59,411	-0.3%	0.44%	-6.4%
COP	Sell	ConocoPhillips	$730,000	-11.1%	9,537	-0.5%	0.43%	-12.0%
CELG	New	Celgene Corp	$701,000	–	7,394	–	0.42%	–
MTDR	Buy	Matador Resources Co	$671,000	+47.8%	25,975	+67.6%	0.40%	+46.2%
INTZ	Sell	Intrusion Inc	$659,000	+61.1%	221,300	-0.3%	0.39%	+58.9%
CRK	Buy	Comstock Resources Inc	$642,000	-34.0%	34,511	+2.4%	0.38%	-34.8%
EPD	New	Enterprise Products Partners Lltp	$631,000	–	15,669	–	0.38%	–
4945SC	New	Kinder Morgan Energy Partnersltp	$618,000	–	6,623	–	0.37%	–
VPFG	Buy	Viewpoint Financial Group Inc	$591,000	-11.0%	24,695	+0.0%	0.35%	-12.0%
NSC	Buy	Norfolk Southern Corp	$591,000	+8.4%	5,296	+0.0%	0.35%	+7.0%
AEE	Sell	Ameren Corp	$581,000	-6.6%	15,156	-0.4%	0.34%	-7.8%
DVN	Sell	Devon Energy Corp	$550,000	-18.8%	8,073	-5.3%	0.33%	-19.7%
DIS	Buy	Disney Walt Co Disney	$546,000	+5.2%	6,133	+1.2%	0.32%	+3.8%
NOV	Buy	National Oilwell Varco Inc	$522,000	-2.6%	6,853	+5.4%	0.31%	-3.7%
MU	Sell	Micron Technology Inc	$495,000	-15.5%	14,450	-18.7%	0.29%	-16.5%
AAPL	Sell	Apple Inc	$438,000	+3.3%	4,397	-3.6%	0.26%	+2.0%
GSK	Sell	GlaxoSmithKline PLC Sp ADRadr	$393,000	-16.2%	8,555	-2.5%	0.23%	-17.4%
KO	Sell	Coca-Cola Co	$364,000	-4.2%	8,522	-4.9%	0.22%	-5.3%
X	Sell	United States Steel Corp	$362,000	-21.8%	9,228	-48.0%	0.22%	-22.7%
TM	Buy	Toyota Motor Corp Sp ADR Rep 2adr	$356,000	0.0%	3,025	+1.7%	0.21%	-1.4%
LM	Sell	Legg Mason Inc	$312,000	-14.3%	6,100	-14.1%	0.18%	-15.5%
RIG	Sell	Transocean Ltd Reg	$310,000	-35.6%	9,700	-9.3%	0.18%	-36.3%
MVNR	New	Mavenir Systems Inc	$307,000	–	24,450	–	0.18%	–
CMI	Sell	Cummins Inc	$299,000	-16.2%	2,262	-2.1%	0.18%	-17.2%
KS	New	Kapstone Paper & Packaging Crp	$298,000	–	10,650	–	0.18%	–
PSX	Buy	Phillips 66	$293,000	+1.0%	3,613	+0.0%	0.17%	0.0%
NSM	Sell	Nationstar Mtge Holdings Inc	$293,000	-19.9%	8,550	-15.1%	0.17%	-20.9%
GILD	Sell	Gilead Sciences Inc	$290,000	-1.0%	2,725	-22.8%	0.17%	-2.3%
ATW	Sell	Atwood Oceanics Inc	$288,000	-27.8%	6,600	-13.3%	0.17%	-28.8%
CNI	Sell	Canadian National Railway Co	$277,000	-3.1%	3,900	-11.4%	0.16%	-4.1%
CNK	New	Cinemark Holdings Inc	$271,000	–	7,950	–	0.16%	–
OKE	Sell	Oneok Inc	$262,000	-8.4%	4,000	-4.8%	0.16%	-9.3%
GOGO	Sell	Gogo Inc	$254,000	-35.5%	15,075	-25.3%	0.15%	-36.3%
BAC	Sell	Bank of America Corporation	$249,000	+9.7%	14,630	-0.8%	0.15%	+8.8%
ENLK	Buy	Enlink Midstream Partners LPltp	$244,000	-3.2%	8,013	+0.1%	0.14%	-4.0%
URI	New	United Rentals Inc	$242,000	–	2,175	–	0.14%	–
EVEPQ	New	EV Energy Partners LPltp	$238,000	–	6,703	–	0.14%	–
HCP	Buy	HCP Incret	$229,000	+5.0%	5,761	+9.5%	0.14%	+3.8%
SMRTQ	Sell	Stein Mart Inc	$228,000	-20.0%	19,700	-3.9%	0.14%	-21.1%
HEROQ	Sell	Hercules Offshore Inc	$216,000	-62.3%	98,400	-30.9%	0.13%	-62.8%
NCMI	Buy	National CineMedia Inc	$214,000	-3.6%	14,700	+16.2%	0.13%	-4.5%
BRKA	New	Berkshire Hathaway Inc Cl A	$207,000	–	1	–	0.12%	–
LGCY	New	Legacy Reserves LPltp	$200,000	–	6,753	–	0.12%	–
MPW	Buy	Medical Properties Trust Incret	$193,000	-7.2%	15,725	+0.2%	0.12%	-8.0%
ANWWQ	Sell	Aegean Marine Petroleum Networ	$101,000	-24.6%	11,000	-16.9%	0.06%	-25.9%
HDYNQ	Buy	Hyperdynamics Corp	$64,000	-43.4%	35,689	+79.6%	0.04%	-44.1%
TRMR	Sell	Tremor Video Inc	$37,000	-72.0%	16,000	-42.9%	0.02%	-72.2%
GSXN	Exit	GASCO ENERGY INC COM	$0	–	-25,000	–	0.00%	–
DRYS	Exit	DRYSHIPS INC SHS	$0	–	-21,977	–	-0.04%	–
BLDR	Exit	BUILDERS FIRSTSOURCE INC COM	$0	–	-10,500	–	-0.05%	–
GLD	Exit	SPDR GOLD TRUST GOLD SHSuiu	$0	–	-1,614	–	-0.12%	–
PEP	Exit	PEPSICO INC COM	$0	–	-2,377	–	-0.13%	–
	Exit	CLIENT MANANGED	$0	–	-347,965	–	-0.42%	–
BP	Exit	BP PLC SPONSORED ADRadr	$0	–	-42,152	–	-1.34%	–

Q2 2014

			Value		Shares		↓ Weighting
	New	PROFESSIONALLY MANAGED PTFL HOmtf	$19,194,000	–	481,659	–	11.54%	–
TPL	New	TEXAS PAC LD TR SUB CTF PROP I	$9,920,000	–	61,954	–	5.96%	–
HAL	New	HALLIBURTON CO COM	$6,102,000	–	85,935	–	3.67%	–
JNJ	New	JOHNSON & JOHNSON COM	$5,925,000	–	56,625	–	3.56%	–
XOM	New	EXXON MOBIL CORP COM	$5,574,000	–	55,360	–	3.35%	–
ATO	New	ATMOS ENERGY CORP COM	$5,397,000	–	101,052	–	3.24%	–
BA	New	BOEING CO COM	$5,265,000	–	41,380	–	3.16%	–
TRN	New	TRINITY INDS INC COM	$4,950,000	–	113,226	–	2.98%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC COret	$4,902,000	–	101,821	–	2.95%	–
XEL	New	XCEL ENERGY INC COM	$4,458,000	–	138,319	–	2.68%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$4,268,000	–	273,406	–	2.56%	–
WMT	New	WAL-MART STORES INC COM	$4,135,000	–	55,091	–	2.48%	–
GE	New	GENERAL ELECTRIC CO COM	$4,134,000	–	157,308	–	2.48%	–
T	New	AT&T INC COM	$4,108,000	–	116,195	–	2.47%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$3,347,000	–	211,752	–	2.01%	–
LINEQ	New	LINN ENERGY LLC UNIT LTD LIAB	$3,216,000	–	99,407	–	1.93%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$2,827,000	–	187,247	–	1.70%	–
LUV	New	SOUTHWEST AIRLS CO COM	$2,520,000	–	93,833	–	1.51%	–
FCX	New	FREEPORT-MCMORAN COPPER & GOLD	$2,494,000	–	68,328	–	1.50%	–
EXP	New	EAGLE MATERIALS INC COM	$2,414,000	–	25,601	–	1.45%	–
PG	New	PROCTER & GAMBLE CO COM	$2,370,000	–	30,159	–	1.42%	–
AAL	New	AMERICAN AIRLS GRP INC COM	$2,278,000	–	53,022	–	1.37%	–
HP	New	HELMERICH & PAYNE INC COM	$2,227,000	–	19,178	–	1.34%	–
BP	New	BP PLC SPONSORED ADRadr	$2,223,000	–	42,152	–	1.34%	–
DUK	New	DUKE ENERGY CORP NEW COM NEW	$2,202,000	–	29,685	–	1.32%	–
AHC	New	A H BELO CORP COM CL A	$2,028,000	–	171,100	–	1.22%	–
ESV	New	ENSCO PLC SHS CLASS A	$1,956,000	–	35,200	–	1.18%	–
LNCOQ	New	LINNCO LLC COMSHS LTD INT	$1,908,000	–	60,968	–	1.15%	–
VZ	New	VERIZON COMMUNICATIONS INC COM	$1,826,000	–	37,312	–	1.10%	–
GEO	New	GEO GROUP INC COM	$1,745,000	–	48,838	–	1.05%	–
HSY	New	HERSHEY CO COM	$1,706,000	–	17,524	–	1.02%	–
	New	PROFESSIONALLY MANAGED HDGS SMmtf	$1,640,000	–	147,424	–	0.99%	–
	New	PROFESSIONALLY MANAGED PTFL HOmtf	$1,624,000	–	79,480	–	0.98%	–
SIG	New	SIGNET JEWELERS LIMITED SHS	$1,592,000	–	14,400	–	0.96%	–
MSB	New	MESABI TR CTF BEN INT	$1,487,000	–	75,970	–	0.89%	–
LMT	New	LOCKHEED MARTIN CORP COM	$1,425,000	–	8,870	–	0.86%	–
COST	New	COSTCO WHSL CORP NEW COM	$1,305,000	–	11,325	–	0.78%	–
MRK	New	MERCK & CO INC NEW COM	$1,039,000	–	17,967	–	0.62%	–
CRK	New	COMSTOCK RES INC COM NEW	$972,000	–	33,704	–	0.58%	–
LUB	New	LUBYS INC COM	$959,000	–	163,170	–	0.58%	–
SIRI	New	SIRIUS XM RADIO INC COM	$941,000	–	271,900	–	0.57%	–
SO	New	SOUTHERN CO COM	$889,000	–	19,594	–	0.53%	–
CVX	New	CHEVRON CORP NEW COM	$886,000	–	6,790	–	0.53%	–
ENLC	New	ENLINK MIDSTREAM LLC COM UNIT	$882,000	–	21,187	–	0.53%	–
UAL	New	UNITED CONTL HLDGS INC COM	$851,000	–	20,725	–	0.51%	–
COP	New	CONOCOPHILLIPS COM	$821,000	–	9,586	–	0.49%	–
PII	New	POLARIS INDS INC COM	$811,000	–	6,226	–	0.49%	–
RMCF	New	ROCKY MTN CHOCOLATE FACTORY CO	$786,000	–	59,614	–	0.47%	–
	New	CLIENT MANANGED	$696,000	–	347,965	–	0.42%	–
DVN	New	DEVON ENERGY CORP NEW COM	$677,000	–	8,522	–	0.41%	–
VPFG	New	VIEWPOINT FINL GROUP INC MD CO	$664,000	–	24,689	–	0.40%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC C	$651,000	–	12,075	–	0.39%	–
HD	New	HOME DEPOT INC COM	$631,000	–	7,791	–	0.38%	–
AEE	New	AMEREN CORP COM	$622,000	–	15,216	–	0.37%	–
MU	New	MICRON TECHNOLOGY INC COM	$586,000	–	17,770	–	0.35%	–
HEROQ	New	HERCULES OFFSHORE INC COM	$573,000	–	142,450	–	0.34%	–
NSC	New	NORFOLK SOUTHERN CORP COM	$545,000	–	5,294	–	0.33%	–
NOV	New	NATIONAL OILWELL VARCO INC COM	$536,000	–	6,502	–	0.32%	–
DIS	New	DISNEY WALT CO COM DISNEY	$519,000	–	6,058	–	0.31%	–
PHX	New	PANHANDLE OIL AND GAS INC CL A	$514,000	–	9,175	–	0.31%	–
TRC	New	TEJON RANCH CO COM	$509,000	–	15,800	–	0.31%	–
RIG	New	TRANSOCEAN LTD REG SHS	$481,000	–	10,689	–	0.29%	–
GSK	New	GLAXOSMITHKLINE PLC SPONSOREDadr	$469,000	–	8,770	–	0.28%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$466,000	–	9,614	–	0.28%	–
X	New	UNITED STATES STL CORP NEW COM	$463,000	–	17,762	–	0.28%	–
MTDR	New	MATADOR RES CO COM	$454,000	–	15,500	–	0.27%	–
AAPL	New	APPLE INC COM	$424,000	–	4,561	–	0.26%	–
INTZ	New	INTRUSION INC COM NEW	$409,000	–	222,025	–	0.25%	–
ATW	New	ATWOOD OCEANICS INC COM	$399,000	–	7,615	–	0.24%	–
GOGO	New	GOGO INC COM	$394,000	–	20,175	–	0.24%	–
KO	New	COCA COLA CO COM	$380,000	–	8,962	–	0.23%	–
NSM	New	NATIONSTAR MTG HLDGS INC COM	$366,000	–	10,075	–	0.22%	–
LM	New	LEGG MASON INC COM	$364,000	–	7,100	–	0.22%	–
CMI	New	CUMMINS INC COM	$357,000	–	2,311	–	0.22%	–
P105PS	New	INTEGRYS ENERGY GROUP INC COM	$356,000	–	5,000	–	0.21%	–
TM	New	TOYOTA MOTOR CORP SP ADR REP2Cadr	$356,000	–	2,975	–	0.21%	–
AEP	New	AMERICAN ELEC PWR INC COM	$332,000	–	5,950	–	0.20%	–
HON	New	HONEYWELL INTL INC COM	$325,000	–	3,500	–	0.20%	–
GILD	New	GILEAD SCIENCES INC COM	$293,000	–	3,531	–	0.18%	–
MS	New	MORGAN STANLEY COM NEW	$291,000	–	9,002	–	0.18%	–
PSX	New	PHILLIPS 66 COM	$290,000	–	3,612	–	0.17%	–
OKE	New	ONEOK INC NEW COM	$286,000	–	4,200	–	0.17%	–
CNI	New	CANADIAN NATL RY CO COM	$286,000	–	4,400	–	0.17%	–
SMRTQ	New	STEIN MART INC COM	$285,000	–	20,500	–	0.17%	–
MO	New	ALTRIA GROUP INC COM	$251,000	–	5,976	–	0.15%	–
ENLK	New	ENLINK MIDSTREAM PARTN COM UNIret	$252,000	–	8,006	–	0.15%	–
BAC	New	BANK OF AMERICA CORPORATION CO	$227,000	–	14,747	–	0.14%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$222,000	–	1,920	–	0.13%	–
NCMI	New	NATIONAL CINEMEDIA INC COM	$222,000	–	12,650	–	0.13%	–
HCP	New	HCP INC COMret	$218,000	–	5,261	–	0.13%	–
LFVN	New	LIFEVANTAGE CORP COM	$216,000	–	150,000	–	0.13%	–
PEP	New	PEPSICO INC COM	$212,000	–	2,377	–	0.13%	–
DOW	New	DOW CHEM CO COM	$209,000	–	4,064	–	0.13%	–
MPW	New	MEDICAL PPTYS TRUST INC COMret	$208,000	–	15,691	–	0.12%	–
GLD	New	SPDR GOLD TRUST GOLD SHSuiu	$206,000	–	1,614	–	0.12%	–
	New	PROFESSIONALLY MANAGED HDGS SImtf	$194,000	–	17,556	–	0.12%	–
CEF	New	CENTRAL FD CDA LTD CL Amtf	$179,000	–	12,300	–	0.11%	–
ANWWQ	New	AEGEAN MARINE PETROLEUM NETWRK	$134,000	–	13,240	–	0.08%	–
TRMR	New	TREMOR VIDEO INC COM	$132,000	–	28,000	–	0.08%	–
NAT	New	NORDIC AMERICAN TANKERS LIMITE	$117,000	–	12,250	–	0.07%	–
HDYNQ	New	HYPERDYNAMICS CORP COM NEW	$113,000	–	19,875	–	0.07%	–
MHRCQ	New	MAGNUM HUNTER RES CORP DEL COM	$82,000	–	10,000	–	0.05%	–
BLDR	New	BUILDERS FIRSTSOURCE INC COM	$79,000	–	10,500	–	0.05%	–
DRYS	New	DRYSHIPS INC SHS	$71,000	–	21,977	–	0.04%	–
ADK	New	ADCARE HEALTH SYSTEMS INC COM	$58,000	–	13,484	–	0.04%	–
	New	ID WATCHDOG INC ORD SHS	$15,000	–	264,000	–	0.01%	–
GSXN	New	GASCO ENERGY INC COM	$0	–	25,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
GSXN	Exit	GASCO ENERGY INC COM	$0	–	-25,000	–	-0.00%	–
	Exit	ID WATCHDOG INC ORD SHS	$0	–	-264,000	–	-0.01%	–
CBNRQ	Exit	CUBIC ENERGY INC COM	$0	–	-18,650	–	-0.01%	–
NTS	Exit	NTS INC NEV COM	$0	–	-12,896	–	-0.02%	–
ADK	Exit	ADCARE HEALTH SYSTEMS INC COM	$0	–	-13,484	–	-0.04%	–
MHRCQ	Exit	MAGNUM HUNTER RES CORP DEL COM	$0	–	-10,000	–	-0.05%	–
BAC	Exit	BANK OF AMERICA CORPORATION CO	$0	–	-10,853	–	-0.12%	–
ANWWQ	Exit	AEGEAN MARINE PETROLEUM NETWRK	$0	–	-13,500	–	-0.12%	–
CEF	Exit	CENTRAL FD CDA LTD CL Amtf	$0	–	-12,300	–	-0.14%	–
HDYNQ	Exit	HYPERDYNAMICS CORP COM NEW	$0	–	-42,697	–	-0.14%	–
MPW	Exit	MEDICAL PPTYS TRUST INC COMret	$0	–	-16,039	–	-0.15%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-1,920	–	-0.16%	–
EOG	Exit	EOG RES INC COM	$0	–	-1,300	–	-0.17%	–
LM	Exit	LEGG MASON INC COM	$0	–	-6,650	–	-0.17%	–
OKE	Exit	ONEOK INC NEW COM	$0	–	-4,200	–	-0.17%	–
EXP	Exit	EAGLE MATERIALS INC COM	$0	–	-3,100	–	-0.17%	–
SLW	Exit	SILVER WHEATON CORP COM	$0	–	-9,100	–	-0.17%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-4,126	–	-0.18%	–
GOGO	Exit	GOGO INC COM	$0	–	-13,450	–	-0.18%	–
ATW	Exit	ATWOOD OCEANICS INC COM	$0	–	-4,635	–	-0.20%	–
AEP	Exit	AMERICAN ELEC PWR INC COM	$0	–	-5,950	–	-0.20%	–
INTZ	Exit	INTRUSION INC COM NEW	$0	–	-251,250	–	-0.20%	–
CNI	Exit	CANADIAN NATL RY CO COM	$0	–	-2,600	–	-0.20%	–
JOSB	Exit	JOS A BANK CLOTHIERS INC COM	$0	–	-6,200	–	-0.21%	–
RAX	Exit	RACKSPACE HOSTING INC COM	$0	–	-5,235	–	-0.21%	–
P105PS	Exit	INTEGRYS ENERGY GROUP INC COM	$0	–	-5,000	–	-0.21%	–
HON	Exit	HONEYWELL INTL INC COM	$0	–	-3,500	–	-0.22%	–
CLF	Exit	CLIFFS NAT RES INC COM	$0	–	-14,630	–	-0.23%	–
CMI	Exit	CUMMINS INC COM	$0	–	-2,375	–	-0.24%	–
AAPL	Exit	APPLE INC COM	$0	–	-720	–	-0.26%	–
ESV	Exit	ENSCO PLC SHS CLASS A	$0	–	-6,426	–	-0.26%	–
KO	Exit	COCA COLA CO COM	$0	–	-9,162	–	-0.26%	–
DVN	Exit	DEVON ENERGY CORP NEW COM	$0	–	-6,087	–	-0.27%	–
LFVN	Exit	LIFEVANTAGE CORP COM	$0	–	-150,000	–	-0.27%	–
DIS	Exit	DISNEY WALT CO COM DISNEY	$0	–	-5,858	–	-0.29%	–
TRC	Exit	TEJON RANCH CO COM	$0	–	-12,750	–	-0.30%	–
PII	Exit	POLARIS INDS INC COM	$0	–	-3,100	–	-0.30%	–
NSC	Exit	NORFOLK SOUTHERN CORP COM	$0	–	-5,290	–	-0.31%	–
SCVL	Exit	SHOE CARNIVAL INC COM	$0	–	-15,500	–	-0.32%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-9,614	–	-0.34%	–
TM	Exit	TOYOTA MOTOR CORP SP ADR REP2Cadr	$0	–	-3,525	–	-0.34%	–
HEROQ	Exit	HERCULES OFFSHORE INC COM	$0	–	-61,430	–	-0.34%	–
NOV	Exit	NATIONAL OILWELL VARCO INC COM	$0	–	-6,280	–	-0.38%	–
GSK	Exit	GLAXOSMITHKLINE PLC SPONSOREDadr	$0	–	-10,010	–	-0.38%	–
X	Exit	UNITED STATES STL CORP NEW COM	$0	–	-24,507	–	-0.38%	–
CSCO	Exit	CISCO SYS INC COM	$0	–	-22,695	–	-0.41%	–
	Exit	CLIENT MANANGED	$0	–	-347,965	–	-0.42%	–
LCC	Exit	U S AIRWAYS GROUP INC COM	$0	–	-29,450	–	-0.43%	–
AEE	Exit	AMEREN CORP COM	$0	–	-19,273	–	-0.51%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC C	$0	–	-15,425	–	-0.54%	–
COST	Exit	COSTCO WHSL CORP NEW COM	$0	–	-6,301	–	-0.55%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-10,599	–	-0.56%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-14,731	–	-0.56%	–
RMCF	Exit	ROCKY MTN CHOCOLATE FACTORY CO	$0	–	-62,473	–	-0.58%	–
SO	Exit	SOUTHERN CO COM	$0	–	-19,442	–	-0.61%	–
CVX	Exit	CHEVRON CORP NEW COM	$0	–	-7,331	–	-0.68%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-19,254	–	-0.70%	–
MTDR	Exit	MATADOR RES CO COM	$0	–	-59,750	–	-0.74%	–
SIRI	Exit	SIRIUS XM RADIO INC COM	$0	–	-252,380	–	-0.75%	–
KORS	Exit	MICHAEL KORS HLDGS LTD SHS	$0	–	-13,292	–	-0.76%	–
LUB	Exit	LUBYS INC COM	$0	–	-175,870	–	-0.96%	–
VZ	Exit	VERIZON COMMUNICATIONS INC COM	$0	–	-27,417	–	-0.98%	–
	Exit	PROFESSIONALLY MANAGED PTFL HOmtf	$0	–	-77,564	–	-1.03%	–
AHC	Exit	A H BELO CORP COM CL A	$0	–	-173,100	–	-1.04%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-11,145	–	-1.08%	–
LNCOQ	Exit	LINNCO LLC COMSHS LTD INT	$0	–	-49,078	–	-1.09%	–
LUV	Exit	SOUTHWEST AIRLS CO COM	$0	–	-100,331	–	-1.12%	–
HSY	Exit	HERSHEY CO COM	$0	–	-16,853	–	-1.19%	–
GEO	Exit	GEO GROUP INC COM	$0	–	-48,427	–	-1.23%	–
MSB	Exit	MESABI TR CTF BEN INT	$0	–	-79,339	–	-1.33%	–
RIG	Exit	TRANSOCEAN LTD REG SHS	$0	–	-42,309	–	-1.44%	–
DUK	Exit	DUKE ENERGY CORP NEW COM NEW	$0	–	-30,108	–	-1.54%	–
UAL	Exit	UNITED CONTL HLDGS INC COM	$0	–	-68,075	–	-1.60%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GOLD	$0	–	-67,981	–	-1.72%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-30,945	–	-1.79%	–
TRN	Exit	TRINITY INDS INC COM	$0	–	-55,408	–	-1.92%	–
	Exit	PROFESSIONALLY MANAGED PTFL HDmtf	$0	–	-182,459	–	-1.94%	–
	Exit	PROFESSIONALLY MANAGED PTFL HDmtf	$0	–	-167,549	–	-2.00%	–
DAL	Exit	DELTA AIR LINES INC DEL COM NE	$0	–	-111,177	–	-2.00%	–
LINEQ	Exit	LINN ENERGY LLC UNIT LTD LIAB	$0	–	-103,410	–	-2.05%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC COret	$0	–	-83,059	–	-2.19%	–
T	Exit	AT&T INC COM	$0	–	-86,515	–	-2.23%	–
	Exit	PROFESSIONALLY MANAGED PTFL HDmtf	$0	–	-216,226	–	-2.43%	–
GE	Exit	GENERAL ELECTRIC CO COM	$0	–	-156,583	–	-2.86%	–
XEL	Exit	XCEL ENERGY INC COM	$0	–	-142,190	–	-3.00%	–
TPL	Exit	TEXAS PAC LD TR SUB CTF PROP I	$0	–	-47,209	–	-3.05%	–
WMT	Exit	WAL-MART STORES INC COM	$0	–	-55,552	–	-3.14%	–
ATO	Exit	ATMOS ENERGY CORP COM	$0	–	-102,235	–	-3.32%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-92,035	–	-3.38%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-56,410	–	-3.73%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-58,285	–	-3.83%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-74,000	–	-3.92%	–
BA	Exit	BOEING CO COM	$0	–	-45,115	–	-4.05%	–
	Exit	PROFESSIONALLY MANAGED PTFL HOmtf	$0	–	-476,881	–	-11.74%	–

Q3 2013

			Value		Shares		↓ Weighting
	Sell	PROFESSIONALLY MANAGED PTFL HOmtf	$15,374,000	+6.4%	476,881	-3.5%	11.74%	+5.5%
BA	Buy	BOEING CO COM	$5,301,000	+18.1%	45,115	+3.0%	4.05%	+17.1%
XOM	Sell	EXXON MOBIL CORP COM	$5,015,000	-6.1%	58,285	-1.4%	3.83%	-6.9%
JNJ	Sell	JOHNSON & JOHNSON COM	$4,890,000	-0.6%	56,410	-1.5%	3.73%	-1.5%
HAL	Sell	HALLIBURTON CO COM	$4,432,000	+13.7%	92,035	-1.5%	3.38%	+12.7%
ATO	Sell	ATMOS ENERGY CORP COM	$4,354,000	-0.0%	102,235	-3.6%	3.32%	-0.9%
WMT	Sell	WAL-MART STORES INC COM	$4,109,000	-2.3%	55,552	-1.6%	3.14%	-3.1%
TPL	Buy	TEXAS PAC LD TR SUB CTF PROP I	$3,990,000	+10.2%	47,209	+10.0%	3.05%	+9.2%
XEL	Sell	XCEL ENERGY INC COM	$3,926,000	-6.1%	142,190	-3.6%	3.00%	-7.0%
GE	Sell	GENERAL ELECTRIC CO COM	$3,741,000	+1.4%	156,583	-1.6%	2.86%	+0.5%
	Sell	PROFESSIONALLY MANAGED PTFL HDmtf	$3,183,000	+5.9%	216,226	-1.3%	2.43%	+5.0%
T	Sell	AT&T INC COM	$2,926,000	-7.4%	86,515	-3.1%	2.23%	-8.3%
RHP	Buy	RYMAN HOSPITALITY PPTYS INC COret	$2,867,000	-0.4%	83,059	+12.6%	2.19%	-1.3%
LINEQ	Buy	LINN ENERGY LLC UNIT LTD LIAB	$2,680,000	-21.8%	103,410	+0.1%	2.05%	-22.5%
DAL	Buy	DELTA AIR LINES INC DEL COM NE	$2,623,000	+51.0%	111,177	+19.8%	2.00%	+49.7%
	Buy	PROFESSIONALLY MANAGED PTFL HDmtf	$2,620,000	+18.1%	167,549	+6.6%	2.00%	+17.0%
	Sell	PROFESSIONALLY MANAGED PTFL HDmtf	$2,547,000	-0.4%	182,459	-0.5%	1.94%	-1.2%
TRN	Buy	TRINITY INDS INC COM	$2,513,000	+39.5%	55,408	+18.2%	1.92%	+38.3%
PG	Sell	PROCTER & GAMBLE CO COM	$2,339,000	-3.7%	30,945	-1.9%	1.79%	-4.5%
FCX	Buy	FREEPORT-MCMORAN COPPER & GOLD	$2,248,000	+127.3%	67,981	+89.8%	1.72%	+125.2%
UAL	Buy	UNITED CONTL HLDGS INC COM	$2,091,000	+1.8%	68,075	+3.7%	1.60%	+0.8%
DUK	Sell	DUKE ENERGY CORP NEW COM NEW	$2,010,000	-2.4%	30,108	-1.3%	1.54%	-3.3%
RIG	Sell	TRANSOCEAN LTD REG SHS	$1,883,000	-18.4%	42,309	-12.1%	1.44%	-19.1%
MSB	Buy	MESABI TR CTF BEN INT	$1,737,000	+41.9%	79,339	+15.9%	1.33%	+40.6%
GEO	Buy	GEO GROUP INC COM	$1,610,000	-1.0%	48,427	+1.0%	1.23%	-1.9%
HSY	Sell	HERSHEY CO COM	$1,559,000	+0.6%	16,853	-2.9%	1.19%	-0.3%
LUV	Sell	SOUTHWEST AIRLS CO COM	$1,461,000	+11.5%	100,331	-1.3%	1.12%	+10.5%
LNCOQ	Buy	LINNCO LLC COMSHS LTD INT	$1,432,000	-4.0%	49,078	+22.6%	1.09%	-4.9%
LMT	Buy	LOCKHEED MARTIN CORP COM	$1,421,000	+19.4%	11,145	+1.6%	1.08%	+18.3%
AHC	Buy	A H BELO CORP COM CL A	$1,358,000	+19.2%	173,100	+4.2%	1.04%	+18.2%
	Sell	PROFESSIONALLY MANAGED PTFL HOmtf	$1,351,000	+10.4%	77,564	-0.1%	1.03%	+9.3%
VZ	Sell	VERIZON COMMUNICATIONS INC COM	$1,280,000	-12.1%	27,417	-5.2%	0.98%	-12.8%
LUB	Sell	LUBYS INC COM	$1,263,000	-17.2%	175,870	-2.6%	0.96%	-18.0%
KORS	Buy	MICHAEL KORS HLDGS LTD SHS	$991,000	+21.4%	13,292	+1.1%	0.76%	+20.5%
SIRI	Sell	SIRIUS XM RADIO INC COM	$978,000	+6.3%	252,380	-8.1%	0.75%	+5.4%
MTDR	New	MATADOR RES CO COM	$976,000	–	59,750	–	0.74%	–
MRK	Sell	MERCK & CO INC NEW COM	$916,000	-1.1%	19,254	-3.5%	0.70%	-2.0%
CVX	Sell	CHEVRON CORP NEW COM	$891,000	-2.6%	7,331	-5.2%	0.68%	-3.5%
SO	Sell	SOUTHERN CO COM	$801,000	-7.1%	19,442	-0.5%	0.61%	-7.8%
RMCF	Sell	ROCKY MTN CHOCOLATE FACTORY CO	$756,000	-4.9%	62,473	-2.3%	0.58%	-5.7%
FB	New	FACEBOOK INC CL A	$740,000	–	14,731	–	0.56%	–
COP	Sell	CONOCOPHILLIPS COM	$736,000	+11.3%	10,599	-3.0%	0.56%	+10.4%
TCBI	Buy	TEXAS CAPITAL BANCSHARES INC C	$708,000	+7.4%	15,425	+3.7%	0.54%	+6.5%
AEE	Sell	AMEREN CORP COM	$671,000	-9.9%	19,273	-6.4%	0.51%	-10.8%
LCC	Sell	U S AIRWAYS GROUP INC COM	$558,000	+14.6%	29,450	-0.8%	0.43%	+13.6%
CSCO	Sell	CISCO SYS INC COM	$532,000	-19.8%	22,695	-16.7%	0.41%	-20.5%
X	Buy	UNITED STATES STL CORP NEW COM	$504,000	+27.6%	24,507	+8.7%	0.38%	+26.6%
GSK	Sell	GLAXOSMITHKLINE PLC SPONSOREDadr	$502,000	-0.2%	10,010	-0.5%	0.38%	-1.0%
NOV	Sell	NATIONAL OILWELL VARCO INC COM	$491,000	+6.7%	6,280	-6.0%	0.38%	+5.9%
HEROQ	New	HERCULES OFFSHORE INC COM	$452,000	–	61,430	–	0.34%	–
SCVL	Sell	SHOE CARNIVAL INC COM	$419,000	+10.3%	15,500	-1.9%	0.32%	+9.2%
NSC	Sell	NORFOLK SOUTHERN CORP COM	$409,000	+4.3%	5,290	-1.9%	0.31%	+3.3%
PII	New	POLARIS INDS INC COM	$400,000	–	3,100	–	0.30%	–
TRC	Buy	TEJON RANCH CO COM	$393,000	+13.6%	12,750	+4.9%	0.30%	+12.8%
DIS	Sell	DISNEY WALT CO COM DISNEY	$378,000	-4.3%	5,858	-6.4%	0.29%	-4.9%
DVN	Sell	DEVON ENERGY CORP NEW COM	$351,000	+9.3%	6,087	-1.6%	0.27%	+8.5%
ESV	Sell	ENSCO PLC SHS CLASS A	$345,000	-16.7%	6,426	-9.8%	0.26%	-17.6%
AAPL	Buy	APPLE INC COM	$343,000	+20.4%	720	+0.1%	0.26%	+19.1%
CLF	New	CLIFFS NAT RES INC COM	$300,000	–	14,630	–	0.23%	–
RAX	New	RACKSPACE HOSTING INC COM	$276,000	–	5,235	–	0.21%	–
CNI	New	CANADIAN NATL RY CO COM	$264,000	–	2,600	–	0.20%	–
ATW	Sell	ATWOOD OCEANICS INC COM	$255,000	-2.3%	4,635	-7.5%	0.20%	-3.0%
GOGO	New	GOGO INC COM	$239,000	–	13,450	–	0.18%	–
PSX	Sell	PHILLIPS 66 COM	$239,000	-11.8%	4,126	-10.3%	0.18%	-12.9%
EXP	New	EAGLE MATERIALS INC COM	$225,000	–	3,100	–	0.17%	–
SLW	New	SILVER WHEATON CORP COM	$225,000	–	9,100	–	0.17%	–
OKE	New	ONEOK INC NEW COM	$224,000	–	4,200	–	0.17%	–
LM	Buy	LEGG MASON INC COM	$222,000	+11.0%	6,650	+3.1%	0.17%	+9.7%
EOG	New	EOG RES INC COM	$220,000	–	1,300	–	0.17%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$207,000	–	1,920	–	0.16%	–
MPW	New	MEDICAL PPTYS TRUST INC COMret	$195,000	–	16,039	–	0.15%	–
HDYNQ	New	HYPERDYNAMICS CORP COM NEW	$189,000	–	42,697	–	0.14%	–
ANWWQ	New	AEGEAN MARINE PETROLEUM NETWRK	$160,000	–	13,500	–	0.12%	–
BAC	New	BANK OF AMERICA CORPORATION CO	$150,000	–	10,853	–	0.12%	–
HDY	Exit	HYPERDYNAMICS CORP COM	$0	–	-291,132	–	-0.11%	–
MM	Exit	MILLENNIAL MEDIA INC COM	$0	–	-16,400	–	-0.11%	–
SDOCQ	Exit	SANDRIDGE ENERGY INC COM	$0	–	-42,010	–	-0.15%	–
HCP	Exit	HCP INC COMret	$0	–	-4,744	–	-0.17%	–
CBRL	Exit	CRACKER BARREL OLD CTRY STORE	$0	–	-4,127	–	-0.30%	–
KSU	Exit	KANSAS CITY SOUTHERN COM NEW	$0	–	-14,853	–	-1.21%	–
CROX	Exit	CROCS INC COM	$0	–	-128,025	–	-1.62%	–
UNP	Exit	UNION PAC CORP COM	$0	–	-16,187	–	-1.92%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-76,831	–	-2.04%	–

Q2 2013

			Value		Shares		↓ Weighting
	New	PROFESSIONALLY MANAGED PTFL HOmtf	$14,451,000	–	494,230	–	11.13%	–
XOM	New	EXXON MOBIL CORPORATION	$5,338,000	–	59,086	–	4.11%	–
JNJ	New	JOHNSON & JOHNSON	$4,919,000	–	57,296	–	3.79%	–
DHR	New	DANAHER CORP DEL COM	$4,684,000	–	74,000	–	3.61%	–
BA	New	BOEING CO COM	$4,487,000	–	43,800	–	3.46%	–
ATO	New	ATMOS ENERGY CORP COM	$4,356,000	–	106,079	–	3.36%	–
WMT	New	WAL-MART STORES INC COM	$4,206,000	–	56,463	–	3.24%	–
XEL	New	XCEL ENERGY INC COM	$4,182,000	–	147,542	–	3.22%	–
HAL	New	HALLIBURTON CO COM	$3,899,000	–	93,454	–	3.00%	–
GE	New	GENERAL ELECTRIC COMPANY	$3,689,000	–	159,085	–	2.84%	–
TPL	New	TEXAS PAC LD TR SUB CTF PROP I	$3,621,000	–	42,909	–	2.79%	–
LINEQ	New	LINN ENERGY LLC UNIT LTD LIAB	$3,428,000	–	103,308	–	2.64%	–
T	New	A T & T INC NEW	$3,161,000	–	89,290	–	2.44%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$3,005,000	–	219,016	–	2.31%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC COret	$2,878,000	–	73,771	–	2.22%	–
MSFT	New	MICROSOFT CORP	$2,654,000	–	76,831	–	2.04%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$2,556,000	–	183,336	–	1.97%	–
UNP	New	UNION PAC CORP COM	$2,498,000	–	16,187	–	1.92%	–
PG	New	PROCTER & GAMBLE	$2,428,000	–	31,540	–	1.87%	–
RIG	New	TRANSOCEAN LTD REG SHS	$2,307,000	–	48,107	–	1.78%	–
	New	PROFESSIONALLY MANAGED PTFL HDmtf	$2,219,000	–	157,212	–	1.71%	–
CROX	New	CROCS INC COM	$2,109,000	–	128,025	–	1.62%	–
DUK	New	DUKE ENERGY CORP NEW	$2,060,000	–	30,516	–	1.59%	–
UAL	New	UNITED CONTL HLDGS INC COM	$2,055,000	–	65,675	–	1.58%	–
TRN	New	TRINITY INDS INC COM	$1,802,000	–	46,888	–	1.39%	–
DAL	New	DELTA AIR LINES INC DEL COM NE	$1,737,000	–	92,800	–	1.34%	–
GEO	New	GEO GROUP INC COM	$1,627,000	–	47,924	–	1.25%	–
KSU	New	KANSAS CITY SOUTHERN COM NEW	$1,574,000	–	14,853	–	1.21%	–
HSY	New	HERSHEY CO COM	$1,550,000	–	17,361	–	1.19%	–
LUB	New	LUBYS INC COM	$1,526,000	–	180,570	–	1.18%	–
LNCOQ	New	LINNCO LLC COMSHS LTD INT	$1,492,000	–	40,017	–	1.15%	–
VZ	New	VERIZON COMMUNICATIONS	$1,456,000	–	28,916	–	1.12%	–
LUV	New	SOUTHWEST AIRLS CO COM	$1,310,000	–	101,674	–	1.01%	–
	New	PROFESSIONALLY MANAGED PTFL HOmtf	$1,224,000	–	77,617	–	0.94%	–
MSB	New	MESABI TR CTF BEN INT	$1,224,000	–	68,427	–	0.94%	–
LMT	New	LOCKHEED MARTIN CORP COM	$1,190,000	–	10,969	–	0.92%	–
AHC	New	A H BELO CORP COM CL A	$1,139,000	–	166,150	–	0.88%	–
FCX	New	FREEPORT-MCMORAN COPPER & GOLD	$989,000	–	35,815	–	0.76%	–
MRK	New	MERCK & CO INC NEW	$926,000	–	19,949	–	0.71%	–
SIRI	New	SIRIUS XM RADIO INC COM	$920,000	–	274,581	–	0.71%	–
CVX	New	CHEVRON CORPORATION	$915,000	–	7,731	–	0.70%	–
SO	New	SOUTHERN CO COM	$862,000	–	19,541	–	0.66%	–
KORS	New	MICHAEL KORS HLDGS LTD SHS	$816,000	–	13,142	–	0.63%	–
RMCF	New	ROCKY MTN CHOCOLATE FACTORY CO	$795,000	–	63,930	–	0.61%	–
AEE	New	AMEREN CORP COM	$745,000	–	20,591	–	0.57%	–
COST	New	COSTCO WHSL CORP NEW	$697,000	–	6,301	–	0.54%	–
CSCO	New	CISCO SYS INC COM	$663,000	–	27,248	–	0.51%	–
COP	New	CONOCOPHILLIPS	$661,000	–	10,928	–	0.51%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC C	$659,000	–	14,875	–	0.51%	–
	New	CLIENT MANANGED	$546,000	–	347,965	–	0.42%	–
GSK	New	GLAXOSMITHKLINE PLC ADRFSPONSOadr	$503,000	–	10,060	–	0.39%	–
LCC	New	U S AIRWAYS GROUP INC COM	$487,000	–	29,700	–	0.38%	–
NOV	New	NATIONAL OILWELL VARCO INC COM	$460,000	–	6,679	–	0.35%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$430,000	–	9,614	–	0.33%	–
TM	New	TOYOTA MOTOR CORP SP ADR REP2Cadr	$425,000	–	3,525	–	0.33%	–
ESV	New	ENSCO PLC SHS CLASS A	$414,000	–	7,128	–	0.32%	–
DIS	New	DISNEY WALT CO COM DISNEY	$395,000	–	6,258	–	0.30%	–
X	New	UNITED STATES STL CORP NEW COM	$395,000	–	22,554	–	0.30%	–
NSC	New	NORFOLK SOUTHERN CORP COM	$392,000	–	5,390	–	0.30%	–
CBRL	New	CRACKER BARREL OLD CTRY STORE	$391,000	–	4,127	–	0.30%	–
SCVL	New	SHOE CARNIVAL INC COM	$380,000	–	15,800	–	0.29%	–
KO	New	COCA COLA COMPANY	$368,000	–	9,162	–	0.28%	–
LFVN	New	LIFEVANTAGE CORP COM	$348,000	–	150,000	–	0.27%	–
TRC	New	TEJON RANCH CO COM	$346,000	–	12,150	–	0.27%	–
DVN	New	DEVON ENERGY CORP NEW COM	$321,000	–	6,189	–	0.25%	–
P105PS	New	INTEGRYS ENERGY GROUP INC COM	$293,000	–	5,000	–	0.23%	–
AAPL	New	APPLE INC	$285,000	–	719	–	0.22%	–
HON	New	HONEYWELL INTL INC COM	$278,000	–	3,500	–	0.21%	–
PSX	New	PHILLIPS 66	$271,000	–	4,598	–	0.21%	–
AEP	New	AMERICAN ELEC PWR INC COM	$266,000	–	5,950	–	0.20%	–
ATW	New	ATWOOD OCEANICS INC COM	$261,000	–	5,010	–	0.20%	–
CMI	New	CUMMINS INC COM	$258,000	–	2,375	–	0.20%	–
JOSB	New	JOS A BANK CLOTHIERS INC COM	$256,000	–	6,200	–	0.20%	–
HCP	New	HCP INC COMret	$216,000	–	4,744	–	0.17%	–
SDOCQ	New	SANDRIDGE ENERGY INC COM	$200,000	–	42,010	–	0.15%	–
LM	New	LEGG MASON INC COM	$200,000	–	6,450	–	0.15%	–
INTZ	New	INTRUSION INC COM NEW	$183,000	–	251,250	–	0.14%	–
CEF	New	CENTRAL FD CDA LTD CL Amtf	$167,000	–	12,300	–	0.13%	–
MM	New	MILLENNIAL MEDIA INC COM	$143,000	–	16,400	–	0.11%	–
HDY	New	HYPERDYNAMICS CORP COM	$138,000	–	291,132	–	0.11%	–
ADK	New	ADCARE HEALTH SYSTEMS INC COM	$65,000	–	13,484	–	0.05%	–
MHRCQ	New	MAGNUM HUNTER RES CORP DEL COM	$36,000	–	10,000	–	0.03%	–
NTS	New	NTS INC NEV COM	$20,000	–	12,896	–	0.02%	–
CBNRQ	New	CUBIC ENERGY INC COM	$6,000	–	18,650	–	0.01%	–
	New	ID WATCHDOG INC ORD SHS	$7,000	–	264,000	–	0.01%	–
GSXN	New	GASCO ENERGY INC COM	$1,000	–	25,000	–	0.00%	–

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