The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109   6,429,318 41,488 SH   SOLE   41,488 0 0
AMAZON COM INC COM 023135106   4,413,401 29,047 SH   SOLE   29,047 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101   5,750,625 360,315 SH   SOLE   360,315 0 0
BUNGE GLOBAL SA COM SHS H11356104   3,187,193 31,572 SH   SOLE   31,572 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   3,056,104 38,656 SH   SOLE   38,656 0 0
CHUBB LIMITED COM H1467J104   3,868,530 17,053 SH   SOLE   17,053 0 0
CORTEVA INC COM 22052L104   13,993 292 SH   SOLE   292 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105   2,335,288 73,368 SH   SOLE   73,368 0 0
DOW INC COM 260557103   16,013 292 SH   SOLE   292 0 0
DUPONT DE NEMOURS INC COM 26614N102   2,487,664 32,337 SH   SOLE   32,337 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   6,089,705 441,283 SH   SOLE   441,283 0 0
EXXON MOBIL CORP COM 30231G102   5,891,821 58,930 SH   SOLE   58,930 0 0
FIRST INDL RLTY TR INC COM 32054K103   4,061,313 76,643 SH   SOLE   76,643 0 0
FRANCO NEV CORP COM 351858105   3,628,418 32,745 SH   SOLE   32,745 0 0
HERSHEY CO COM 427866108   2,261,950 12,132 SH   SOLE   12,132 0 0
HOWARD HUGHES HOLDINGS INC COM 44267T102   3,531,247 41,277 SH   SOLE   41,277 0 0
HUBBELL INC COM 443510607   3,212,988 9,768 SH   SOLE   9,768 0 0
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837   8,488,237 168,195 SH   SOLE   168,195 0 0
JOHNSON & JOHNSON COM 478160104   4,004,981 25,552 SH   SOLE   25,552 0 0
JPMORGAN CHASE & CO COM 46625H100   6,583,651 38,705 SH   SOLE   38,705 0 0
LOUISIANA PAC CORP COM 546347105   3,878,545 54,759 SH   SOLE   54,759 0 0
LOWES COS INC COM 548661107   3,723,416 16,731 SH   SOLE   16,731 0 0
LUMEN TECHNOLOGIES INC COM 550241103   1 1 SH   SOLE   1 0 0
MARTIN MARIETTA MATLS INC COM 573284106   3,329,997 6,675 SH   SOLE   6,675 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   1,634,086 322,869 SH   SOLE   322,869 0 0
MICROSOFT CORP COM 594918104   6,296,462 16,744 SH   SOLE   16,744 0 0
MODERNA INC COM 60770K107   2,002,426 20,135 SH   SOLE   20,135 0 0
NORTHROP GRUMMAN CORP COM 666807102   3,286,109 7,020 SH   SOLE   7,020 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833   641,695 6,401 SH   SOLE   6,401 0 0
PIONEER NAT RES CO COM 723787107   6,345,776 28,219 SH   SOLE   28,219 0 0
PIPER SANDLER COMPANIES COM 724078100   1,749 10 SH   SOLE   10 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104   13,709,215 860,591 SH   SOLE   860,591 0 0
TEXAS INSTRS INC COM 882508104   3,161,436 18,547 SH   SOLE   18,547 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102   11,853,914 7,539 SH   SOLE   7,539 0 0
TJX COS INC NEW COM 872540109   3,959,063 42,203 SH   SOLE   42,203 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   2,949,696 259,200 SH   SOLE   259,200 0 0