| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC | 61,301 | 228,490 |
| ABB LTD | 45,627 | 149,498 |
| ACCELLERON INDS LTD. | 1,557 | 7,769 |
| AES CORP | 139,849 | 143,400 |
| ALCON INC | 8,434 | 15,762 |
| AMAZON.COM INC. | 162,363 | 230,820 |
| APA CORPORATION | 88,329 | 73,380 |
| APPLE INC. | 50,498 | 869,952 |
| AT&T INC. | 180,760 | 173,880 |
| BOEING | 171,052 | 217,120 |
| BANK AMERICA CORP | 136,142 | 440,000 |
| BARRICK GOLD CORP. | 73,431 | 174,200 |
| BLACKSTONE GROUP | 105,046 | 616,560 |
| BOYDS COLLECTION LTD | 67,674 | 0 |
| BRISTOL MYERS SQUIBB CO | 61,932 | 53,940 |
| CHEMOURS COMPANY (THE) COM | 45,052 | 11,790 |
| CHEVRON TEXACO CORP | 41,777 | 152,410 |
| CITIGROUP INC. | 300,366 | 700,140 |
| CONOCOPHILLIPS | 58,967 | 93,610 |
| CONSTELLATION ENERGY | 53,775 | 176,635 |
| CORTEVA INC | 38,989 | 134,060 |
| COTERRA ENERGY INC | 26,619 | 26,320 |
| CNH INDUSTRIAL NV | 52,970 | 46,100 |
| CVS | 266,091 | 317,440 |
| DEERE & CO. | 86,181 | 465,570 |
| DELTA AIR LINES INC. | 90,395 | 138,800 |
| DEVON ENERGY CORP NEW | 67,188 | 73,260 |
| DOW INC | 126,138 | 70,140 |
| DU PONT DE NEMOURS | 111,733 | 80,400 |
| EATON CORPORATION PLC | 68,392 | 318,510 |
| ELANCO ANIMAL HEALTH | 80,259 | 67,890 |
| ELI LILLY & CO. | 15,361 | 322,404 |
| EXELON CORPORATION | 22,058 | 43,590 |
| EXXON MOBIL CORP | 113,291 | 120,340 |
| EQUINOR ASA SPONDSORED ADR | 43,884 | 47,260 |
| FLEX LNG LTD. | 64,395 | 49,900 |
| FORD MOTOR CO | 135,938 | 131,200 |
| GAZPROM O A O | 35,576 | 0 |
| GENERAL ELECTRIC | 154,635 | 539,053 |
| GE HEALTHCARE TECHNOLOGIES INC. | 68,698 | 57,414 |
| GE VERNOVA LLC | 55,234 | 326,785 |
| GENERAL MOTORS COMPANY | 87,330 | 162,640 |
| GILEAD SCIENCES INC | 151,277 | 245,480 |
| GLAXOSMITHKLINE PLC | 91,633 | 117,696 |
| HALEON PLC | 20,333 | 30,330 |
| HF SINCLAIR CORPORATION | 89,250 | 92,160 |
| HONDA MOTOR CO LTD | 36,569 | 29,480 |
| HONEYWELL INTL INC | 34,694 | 195,090 |
| HUNTINGTON BANCHARES INC. | 20,933 | 34,700 |
| INTEL CORP | 268,360 | 369,000 |
| INTERNATIONAL BUSINESS MACHINES CORP | 118,105 | 296,210 |
| JP MORGAN CHASE & CO. | 87,684 | 644,440 |
| KEYCORP | 42,516 | 61,920 |
| KINDER MORGAN INC | 87,905 | 82,470 |
| KKR & CO LP | 233,778 | 1,402,280 |
| KOSMOS ENERGY LTD | 29,604 | 4,537 |
| MERCK & CO INC. | 216,418 | 421,040 |
| MICROSOFT CORP | 136,105 | 2,127,928 |
| NEBIUS GROUP N V | 71,809 | 167,410 |
| NOVARTIS AG | 57,436 | 137,870 |
| ONEOK INC | 266,293 | 294,147 |
| ORGANON & CO | 101,747 | 35,850 |
| PFIZER INC | 214,971 | 174,300 |
| PROLOGIS INC | 118,166 | 255,320 |
| PRUDENTIAL FINANCIAL INC. | 45,167 | 56,440 |
| REPUBLIC SERVICES INC | 32,412 | 211,930 |
| RIO TINTO PLC | 48,625 | 80,030 |
| RLJ LODGING TRUST | 102,527 | 37,250 |
| SANDOZ GROUP AG | 3,168 | 14,601 |
| SASOL LTD | 43,603 | 6,510 |
| SHELL PLC | 188,869 | 220,440 |
| SIMON PROPERTY GROUP INC | 360,529 | 555,330 |
| TARGET CORP | 266,402 | 195,500 |
| T MOBILE US, INC | 90,276 | 203,040 |
| TOYOTA MOTOR CORPORATION | 117,095 | 214,060 |
| TRANSOCEAN LTD | 60,477 | 12,390 |
| US BANCORP DEL | 129,913 | 213,440 |
| VERIZON COMMUNICATIONS | 87,705 | 81,460 |
| VIATRIS INC | 25,994 | 24,900 |
| VODAFONE GROUP PLC | 71,361 | 26,420 |
| VOLKSWAGEN A G | 15,073 | 12,162 |
| WALMART INC | 137,781 | 334,230 |
| WALT DISNEY CO. | 99,437 | 113,770 |
| WARNER BROS DISCOVERY INC | 56,606 | 48,792 |
| WASTE MANAGEMENT INC | 36,913 | 219,710 |
| WEYERHAEUSER CO | 87,294 | 71,070 |
| XEROX CORP | 23,972 | 1,778 |
| YANDEX N V | 71,809 | 0 |
| ZOETIS INC. | 30,949 | 125,820 |
| BLUE OWL CAPITAL INC (NEW) | 32,666 | 29,880 |
| QNITY ELECTRONICS INC (NEW) | 65,808 | 81,650 |
| SOLSTICE ADVANCED MATERIALS (NEW) | 1,926 | 12,145 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS, L.P. | FMV | 771,391 | 801,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 643 | 643 | 0 | |
| FROM PASSTHROUGHS | 0 | 1 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NONTAXABLE DISTRIBUTIONS | 9,968 | 0 | 9,968 |
| FROM PASSTHROUGHS | -6 | 0 | -6 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 55,477 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| UNCASHED CHECKS | 18,000 | 1,800 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE REGISTRATION FEES AND TAXES | 2,319 | 0 | 1,319 | |
| FEDERAL TAXES | 27,026 | 0 | 0 | |
| FOREIGN TAXES | 3,186 | 3,186 | 0 |