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
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A H BELO CORP COM CL A COM 001282102 1,358 173,100 SH   SOLE   0 0 173,100
ADCARE HEALTH SYSTEMS INC COM COM 00650w300 55 13,484 SH   SOLE   0 0 13,484
AEGEAN MARINE PETROLEUM NETWRK COM y0017s102 160 13,500 SH   SOLE   0 0 13,500
AMEREN CORP COM COM 023608102 671 19,273 SH   SOLE   0 0 19,273
AMERICAN ELEC PWR INC COM COM 025537101 258 5,950 SH   SOLE   0 0 5,950
APPLE INC COM COM 037833100 343 720 SH   SOLE   0 0 720
AT&T INC COM COM 00206r102 2,926 86,515 SH   SOLE   0 0 86,515
ATMOS ENERGY CORP COM COM 049560105 4,354 102,235 SH   SOLE   0 0 102,235
ATWOOD OCEANICS INC COM COM 050095108 255 4,635 SH   SOLE   0 0 4,635
BANK OF AMERICA CORPORATION CO COM 060505104 150 10,853 SH   SOLE   0 0 10,853
BOEING CO COM COM 097023105 5,301 45,115 SH   SOLE   0 0 45,115
BRISTOL MYERS SQUIBB CO COM COM 110122108 445 9,614 SH   SOLE   0 0 9,614
CANADIAN NATL RY CO COM COM 136375102 264 2,600 SH   SOLE   0 0 2,600
CHEVRON CORP NEW COM COM 166764100 891 7,331 SH   SOLE   0 0 7,331
CISCO SYS INC COM COM 17275r102 532 22,695 SH   SOLE   0 0 22,695
CLIENT MANANGED COM 002697156 546 347,965 SH   SOLE   0 0 347,965
CLIFFS NAT RES INC COM COM 18683k101 300 14,630 SH   SOLE   0 0 14,630
COCA COLA CO COM COM 191216100 347 9,162 SH   SOLE   0 0 9,162
CONOCOPHILLIPS COM COM 20825c104 736 10,599 SH   SOLE   0 0 10,599
COSTCO WHSL CORP NEW COM COM 22160K105 726 6,301 SH   SOLE   0 0 6,301
CUBIC ENERGY INC COM COM 229675103 6 18,650 SH   SOLE   0 0 18,650
CUMMINS INC COM COM 231021106 315 2,375 SH   SOLE   0 0 2,375
DANAHER CORP DEL COM COM 235851102 5,130 74,000 SH   SOLE   0 0 74,000
DELTA AIR LINES INC DEL COM NE COM 247361702 2,623 111,177 SH   SOLE   0 0 111,177
DEVON ENERGY CORP NEW COM COM 25179m103 351 6,087 SH   SOLE   0 0 6,087
DISNEY WALT CO COM DISNEY COM 254687106 378 5,858 SH   SOLE   0 0 5,858
DUKE ENERGY CORP NEW COM NEW COM 26441c204 2,010 30,108 SH   SOLE   0 0 30,108
EAGLE MATERIALS INC COM COM 26969p108 225 3,100 SH   SOLE   0 0 3,100
ENSCO PLC SHS CLASS A COM g3157s106 345 6,426 SH   SOLE   0 0 6,426
EOG RES INC COM COM 26875p101 220 1,300 SH   SOLE   0 0 1,300
EXXON MOBIL CORP COM COM 30231g102 5,015 58,285 SH   SOLE   0 0 58,285
FACEBOOK INC CL A COM 30303m102 740 14,731 SH   SOLE   0 0 14,731
FREEPORT-MCMORAN COPPER & GOLD COM 35671d857 2,248 67,981 SH   SOLE   0 0 67,981
GASCO ENERGY INC COM COM 367220100 1 25,000 SH   SOLE   0 0 25,000
GENERAL ELECTRIC CO COM COM 369604103 3,741 156,583 SH   SOLE   0 0 156,583
GEO GROUP INC COM COM 36159r103 1,610 48,427 SH   SOLE   0 0 48,427
GOGO INC COM COM 38046c109 239 13,450 SH   SOLE   0 0 13,450
HALLIBURTON CO COM COM 406216101 4,432 92,035 SH   SOLE   0 0 92,035
HERCULES OFFSHORE INC COM COM 427093109 452 61,430 SH   SOLE   0 0 61,430
HERSHEY CO COM COM 427866108 1,559 16,853 SH   SOLE   0 0 16,853
HONEYWELL INTL INC COM COM 438516106 291 3,500 SH   SOLE   0 0 3,500
HYPERDYNAMICS CORP COM NEW COM 448954206 189 42,697 SH   SOLE   0 0 42,697
ID WATCHDOG INC ORD SHS COM g4741r109 7 264,000 SH   SOLE   0 0 264,000
INTEGRYS ENERGY GROUP INC COM COM 45822p105 279 5,000 SH   SOLE   0 0 5,000
INTRUSION INC COM NEW COM 46121e205 263 251,250 SH   SOLE   0 0 251,250
JOHNSON & JOHNSON COM COM 478160104 4,890 56,410 SH   SOLE   0 0 56,410
JOS A BANK CLOTHIERS INC COM COM 480838101 272 6,200 SH   SOLE   0 0 6,200
LEGG MASON INC COM COM 524901105 222 6,650 SH   SOLE   0 0 6,650
LIFEVANTAGE CORP COM COM 53222k106 357 150,000 SH   SOLE   0 0 150,000
LINN ENERGY LLC UNIT LTD LIAB COM 536020100 2,680 103,410 SH   SOLE   0 0 103,410
LINNCO LLC COMSHS LTD INT COM 535782106 1,432 49,078 SH   SOLE   0 0 49,078
LOCKHEED MARTIN CORP COM COM 539830109 1,421 11,145 SH   SOLE   0 0 11,145
LUBYS INC COM COM 549282101 1,263 175,870 SH   SOLE   0 0 175,870
MAGNUM HUNTER RES CORP DEL COM COM 55973b102 62 10,000 SH   SOLE   0 0 10,000
MATADOR RES CO COM COM 576485205 976 59,750 SH   SOLE   0 0 59,750
MERCK & CO INC NEW COM COM 58933y105 916 19,254 SH   SOLE   0 0 19,254
MESABI TR CTF BEN INT COM 590672101 1,737 79,339 SH   SOLE   0 0 79,339
MICHAEL KORS HLDGS LTD SHS COM g60754101 991 13,292 SH   SOLE   0 0 13,292
NATIONAL OILWELL VARCO INC COM COM 637071101 491 6,280 SH   SOLE   0 0 6,280
NORFOLK SOUTHERN CORP COM COM 655844108 409 5,290 SH   SOLE   0 0 5,290
NTS INC NEV COM COM 62943b105 20 12,896 SH   SOLE   0 0 12,896
ONEOK INC NEW COM COM 682680103 224 4,200 SH   SOLE   0 0 4,200
PHILLIPS 66 COM COM 718546104 239 4,126 SH   SOLE   0 0 4,126
POLARIS INDS INC COM COM 731068102 400 3,100 SH   SOLE   0 0 3,100
PROCTER & GAMBLE CO COM COM 742718109 2,339 30,945 SH   SOLE   0 0 30,945
RACKSPACE HOSTING INC COM COM 750086100 276 5,235 SH   SOLE   0 0 5,235
ROCKY MTN CHOCOLATE FACTORY CO COM 774678403 756 62,473 SH   SOLE   0 0 62,473
SHOE CARNIVAL INC COM COM 824889109 419 15,500 SH   SOLE   0 0 15,500
SILVER WHEATON CORP COM COM 828336107 225 9,100 SH   SOLE   0 0 9,100
SIRIUS XM RADIO INC COM COM 82967n108 978 252,380 SH   SOLE   0 0 252,380
SOUTHERN CO COM COM 842587107 801 19,442 SH   SOLE   0 0 19,442
SOUTHWEST AIRLS CO COM COM 844741108 1,461 100,331 SH   SOLE   0 0 100,331
TEJON RANCH CO COM COM 879080109 393 12,750 SH   SOLE   0 0 12,750
TEXAS CAPITAL BANCSHARES INC C COM 88224q107 708 15,425 SH   SOLE   0 0 15,425
TEXAS PAC LD TR SUB CTF PROP I COM 882610108 3,990 47,209 SH   SOLE   0 0 47,209
TRANSOCEAN LTD REG SHS COM h8817h100 1,883 42,309 SH   SOLE   0 0 42,309
TRINITY INDS INC COM COM 896522109 2,513 55,408 SH   SOLE   0 0 55,408
U S AIRWAYS GROUP INC COM COM 90341w108 558 29,450 SH   SOLE   0 0 29,450
UNITED CONTL HLDGS INC COM COM 910047109 2,091 68,075 SH   SOLE   0 0 68,075
UNITED STATES STL CORP NEW COM COM 912909108 504 24,507 SH   SOLE   0 0 24,507
UNITED TECHNOLOGIES CORP COM COM 913017109 207 1,920 SH   SOLE   0 0 1,920
VERIZON COMMUNICATIONS INC COM COM 92343v104 1,280 27,417 SH   SOLE   0 0 27,417
WAL-MART STORES INC COM COM 931142103 4,109 55,552 SH   SOLE   0 0 55,552
XCEL ENERGY INC COM COM 98389b100 3,926 142,190 SH   SOLE   0 0 142,190
GLAXOSMITHKLINE PLC SPONSORED ADR 37733w105 502 10,010 SH   SOLE   0 0 10,010
TOYOTA MOTOR CORP SP ADR REP2C ADR 892331307 451 3,525 SH   SOLE   0 0 3,525
MEDICAL PPTYS TRUST INC COM RET 58463j304 195 16,039 SH   SOLE   0 0 16,039
RYMAN HOSPITALITY PPTYS INC CO RET 78377t107 2,867 83,059 SH   SOLE   0 0 83,059
CENTRAL FD CDA LTD CL A MTF 153501101 181 12,300 SH   SOLE   0 0 12,300
PROFESSIONALLY MANAGED PTFL HD MTF 742935174 3,183 216,226 SH   SOLE   0 0 216,226
PROFESSIONALLY MANAGED PTFL HD MTF 742935166 2,547 182,459 SH   SOLE   0 0 182,459
PROFESSIONALLY MANAGED PTFL HD MTF 742935158 2,620 167,549 SH   SOLE   0 0 167,549
PROFESSIONALLY MANAGED PTFL HO MTF 742935109 15,374 476,881 SH   SOLE   0 0 476,881
PROFESSIONALLY MANAGED PTFL HO MTF 742935299 1,351 77,564 SH   SOLE   0 0 77,564