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 2,028 171,100 SH   SOLE   0 0 171,100
ADCARE HEALTH SYSTEMS INC COM COM 00650w300 58 13,484 SH   SOLE   0 0 13,484
AEGEAN MARINE PETROLEUM NETWRK COM y0017s102 134 13,240 SH   SOLE   0 0 13,240
ALTRIA GROUP INC COM COM 02209s103 251 5,976 SH   SOLE   0 0 5,976
AMEREN CORP COM COM 023608102 622 15,216 SH   SOLE   0 0 15,216
AMERICAN AIRLS GRP INC COM COM 02376r102 2,278 53,022 SH   SOLE   0 0 53,022
AMERICAN ELEC PWR INC COM COM 025537101 332 5,950 SH   SOLE   0 0 5,950
APPLE INC COM COM 037833100 424 4,561 SH   SOLE   0 0 4,561
AT&T INC COM COM 00206r102 4,108 116,195 SH   SOLE   0 0 116,195
ATMOS ENERGY CORP COM COM 049560105 5,397 101,052 SH   SOLE   0 0 101,052
ATWOOD OCEANICS INC COM COM 050095108 399 7,615 SH   SOLE   0 0 7,615
BANK OF AMERICA CORPORATION CO COM 060505104 227 14,747 SH   SOLE   0 0 14,747
BOEING CO COM COM 097023105 5,265 41,380 SH   SOLE   0 0 41,380
BRISTOL MYERS SQUIBB CO COM COM 110122108 466 9,614 SH   SOLE   0 0 9,614
BUILDERS FIRSTSOURCE INC COM COM 12008r107 79 10,500 SH   SOLE   0 0 10,500
CANADIAN NATL RY CO COM COM 136375102 286 4,400 SH   SOLE   0 0 4,400
CHEVRON CORP NEW COM COM 166764100 886 6,790 SH   SOLE   0 0 6,790
CLIENT MANANGED COM 002697156 696 347,965 SH   SOLE   0 0 347,965
COCA COLA CO COM COM 191216100 380 8,962 SH   SOLE   0 0 8,962
COMSTOCK RES INC COM NEW COM 205768203 972 33,704 SH   SOLE   0 0 33,704
CONOCOPHILLIPS COM COM 20825c104 821 9,586 SH   SOLE   0 0 9,586
COSTCO WHSL CORP NEW COM COM 22160k105 1,305 11,325 SH   SOLE   0 0 11,325
CUMMINS INC COM COM 231021106 357 2,311 SH   SOLE   0 0 2,311
DEVON ENERGY CORP NEW COM COM 25179m103 677 8,522 SH   SOLE   0 0 8,522
DISNEY WALT CO COM DISNEY COM 254687106 519 6,058 SH   SOLE   0 0 6,058
DOW CHEM CO COM COM 260543103 209 4,064 SH   SOLE   0 0 4,064
DRYSHIPS INC SHS COM y2109q101 71 21,977 SH   SOLE   0 0 21,977
DUKE ENERGY CORP NEW COM NEW COM 26441C204 2,202 29,685 SH   SOLE   0 0 29,685
EAGLE MATERIALS INC COM COM 26969p108 2,414 25,601 SH   SOLE   0 0 25,601
ENLINK MIDSTREAM LLC COM UNIT COM 29336t100 882 21,187 SH   SOLE   0 0 21,187
ENSCO PLC SHS CLASS A COM g3157s106 1,956 35,200 SH   SOLE   0 0 35,200
EXXON MOBIL CORP COM COM 30231g102 5,574 55,360 SH   SOLE   0 0 55,360
FREEPORT-MCMORAN COPPER & GOLD COM 35671d857 2,494 68,328 SH   SOLE   0 0 68,328
GASCO ENERGY INC COM COM 367220100 0 25,000 SH   SOLE   0 0 25,000
GENERAL ELECTRIC CO COM COM 369604103 4,134 157,308 SH   SOLE   0 0 157,308
GEO GROUP INC COM COM 36162j106 1,745 48,838 SH   SOLE   0 0 48,838
GILEAD SCIENCES INC COM COM 375558103 293 3,531 SH   SOLE   0 0 3,531
GOGO INC COM COM 38046c109 394 20,175 SH   SOLE   0 0 20,175
HALLIBURTON CO COM COM 406216101 6,102 85,935 SH   SOLE   0 0 85,935
HELMERICH & PAYNE INC COM COM 423452101 2,227 19,178 SH   SOLE   0 0 19,178
HERCULES OFFSHORE INC COM COM 427093109 573 142,450 SH   SOLE   0 0 142,450
HERSHEY CO COM COM 427866108 1,706 17,524 SH   SOLE   0 0 17,524
HOME DEPOT INC COM COM 437076102 631 7,791 SH   SOLE   0 0 7,791
HONEYWELL INTL INC COM COM 438516106 325 3,500 SH   SOLE   0 0 3,500
HYPERDYNAMICS CORP COM NEW COM 448954206 113 19,875 SH   SOLE   0 0 19,875
ID WATCHDOG INC ORD SHS COM g4741r109 15 264,000 SH   SOLE   0 0 264,000
INTEGRYS ENERGY GROUP INC COM COM 45822p105 356 5,000 SH   SOLE   0 0 5,000
INTRUSION INC COM NEW COM 46121e205 409 222,025 SH   SOLE   0 0 222,025
JOHNSON & JOHNSON COM COM 478160104 5,925 56,625 SH   SOLE   0 0 56,625
LEGG MASON INC COM COM 524901105 364 7,100 SH   SOLE   0 0 7,100
LIFEVANTAGE CORP COM COM 53222k106 216 150,000 SH   SOLE   0 0 150,000
LINN ENERGY LLC UNIT LTD LIAB COM 536020100 3,216 99,407 SH   SOLE   0 0 99,407
LINNCO LLC COMSHS LTD INT COM 535782106 1,908 60,968 SH   SOLE   0 0 60,968
LOCKHEED MARTIN CORP COM COM 539830109 1,425 8,870 SH   SOLE   0 0 8,870
LUBYS INC COM COM 549282101 959 163,170 SH   SOLE   0 0 163,170
MAGNUM HUNTER RES CORP DEL COM COM 55973b102 82 10,000 SH   SOLE   0 0 10,000
MATADOR RES CO COM COM 576485205 454 15,500 SH   SOLE   0 0 15,500
MERCK & CO INC NEW COM COM 58933y105 1,039 17,967 SH   SOLE   0 0 17,967
MESABI TR CTF BEN INT COM 590672101 1,487 75,970 SH   SOLE   0 0 75,970
MICRON TECHNOLOGY INC COM COM 595112103 586 17,770 SH   SOLE   0 0 17,770
MORGAN STANLEY COM NEW COM 617446448 291 9,002 SH   SOLE   0 0 9,002
NATIONAL CINEMEDIA INC COM COM 635309107 222 12,650 SH   SOLE   0 0 12,650
NATIONAL OILWELL VARCO INC COM COM 637071101 536 6,502 SH   SOLE   0 0 6,502
NATIONSTAR MTG HLDGS INC COM COM 63861c109 366 10,075 SH   SOLE   0 0 10,075
NORDIC AMERICAN TANKERS LIMITE COM g65773106 117 12,250 SH   SOLE   0 0 12,250
NORFOLK SOUTHERN CORP COM COM 655844108 545 5,294 SH   SOLE   0 0 5,294
ONEOK INC NEW COM COM 682680103 286 4,200 SH   SOLE   0 0 4,200
PANHANDLE OIL AND GAS INC CL A COM 698477106 514 9,175 SH   SOLE   0 0 9,175
PEPSICO INC COM COM 713448108 212 2,377 SH   SOLE   0 0 2,377
PHILLIPS 66 COM COM 718546104 290 3,612 SH   SOLE   0 0 3,612
POLARIS INDS INC COM COM 731068102 811 6,226 SH   SOLE   0 0 6,226
PROCTER & GAMBLE CO COM COM 742718109 2,370 30,159 SH   SOLE   0 0 30,159
ROCKY MTN CHOCOLATE FACTORY CO COM 774678403 786 59,614 SH   SOLE   0 0 59,614
SIGNET JEWELERS LIMITED SHS COM g81276100 1,592 14,400 SH   SOLE   0 0 14,400
SIRIUS XM RADIO INC COM COM 82968b103 941 271,900 SH   SOLE   0 0 271,900
SOUTHERN CO COM COM 842587107 889 19,594 SH   SOLE   0 0 19,594
SOUTHWEST AIRLS CO COM COM 844741108 2,520 93,833 SH   SOLE   0 0 93,833
STEIN MART INC COM COM 858375108 285 20,500 SH   SOLE   0 0 20,500
TEJON RANCH CO COM COM 879080109 509 15,800 SH   SOLE   0 0 15,800
TEXAS CAPITAL BANCSHARES INC C COM 88224q107 651 12,075 SH   SOLE   0 0 12,075
TEXAS PAC LD TR SUB CTF PROP I COM 882610108 9,920 61,954 SH   SOLE   0 0 61,954
TRANSOCEAN LTD REG SHS COM h8817h100 481 10,689 SH   SOLE   0 0 10,689
TREMOR VIDEO INC COM COM 89484q100 132 28,000 SH   SOLE   0 0 28,000
TRINITY INDS INC COM COM 896522109 4,950 113,226 SH   SOLE   0 0 113,226
UNITED CONTL HLDGS INC COM COM 910047109 851 20,725 SH   SOLE   0 0 20,725
UNITED STATES STL CORP NEW COM COM 912909108 463 17,762 SH   SOLE   0 0 17,762
UNITED TECHNOLOGIES CORP COM COM 913017109 222 1,920 SH   SOLE   0 0 1,920
VERIZON COMMUNICATIONS INC COM COM 92343v104 1,826 37,312 SH   SOLE   0 0 37,312
VIEWPOINT FINL GROUP INC MD CO COM 92672a101 664 24,689 SH   SOLE   0 0 24,689
WAL-MART STORES INC COM COM 931142103 4,135 55,091 SH   SOLE   0 0 55,091
XCEL ENERGY INC COM COM 98389b100 4,458 138,319 SH   SOLE   0 0 138,319
BP PLC SPONSORED ADR ADR 055622104 2,223 42,152 SH   SOLE   0 0 42,152
GLAXOSMITHKLINE PLC SPONSORED ADR 37733w105 469 8,770 SH   SOLE   0 0 8,770
TOYOTA MOTOR CORP SP ADR REP2C ADR 892331307 356 2,975 SH   SOLE   0 0 2,975
ENLINK MIDSTREAM PARTN COM UNI RET 29336u107 252 8,006 SH   SOLE   0 0 8,006
HCP INC COM RET 40414l109 218 5,261 SH   SOLE   0 0 5,261
MEDICAL PPTYS TRUST INC COM RET 58463j304 208 15,691 SH   SOLE   0 0 15,691
RYMAN HOSPITALITY PPTYS INC CO RET 78377t107 4,902 101,821 SH   SOLE   0 0 101,821
SPDR GOLD TRUST GOLD SHS UIU 78463v107 206 1,614 SH   SOLE   0 0 1,614
CENTRAL FD CDA LTD CL A MTF 153501101 179 12,300 SH   SOLE   0 0 12,300
PROFESSIONALLY MANAGED HDGS SI MTF 74316j318 194 17,556 SH   SOLE   0 0 17,556
PROFESSIONALLY MANAGED HDGS SM MTF 74316j326 1,640 147,424 SH   SOLE   0 0 147,424
PROFESSIONALLY MANAGED PTFL HD MTF 742935174 4,268 273,406 SH   SOLE   0 0 273,406
PROFESSIONALLY MANAGED PTFL HD MTF 742935166 2,827 187,247 SH   SOLE   0 0 187,247
PROFESSIONALLY MANAGED PTFL HD MTF 742935158 3,347 211,752 SH   SOLE   0 0 211,752
PROFESSIONALLY MANAGED PTFL HO MTF 742935109 19,194 481,659 SH   SOLE   0 0 481,659
PROFESSIONALLY MANAGED PTFL HO MTF 742935299 1,624 79,480 SH   SOLE   0 0 79,480