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
Expires: July 31, 2015
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 881,345 4,809 SH SOLE 4,809 0 0
ANTERO MIDSTREAM CORP COM 03676B102 4,705,001 233,383 SH SOLE 233,383 0 0
BARRICK MNG CORP COM SHS 06849F108 666,988 16,400 SH SOLE 16,400 0 0
BHP BILLITON LIMITED SPONSORED ADS 088606108 763,560 9,000 SH SOLE 9,000 0 0
CENOVUS ENERGY INC COM 15135U109 341,880 11,000 SH SOLE 11,000 0 0
CF INDUSTRIES HOLD COM 125269100 1,186,560 10,300 SH SOLE 10,300 0 0
CHENIERE ENERGY INC COM NEW 16411R208 20,899,596 77,685 SH SOLE 77,685 0 0
CHENIERE ENERGY PARTNERS L P COM UNIT 16411Q101 11,814,508 194,126 SH SOLE 194,126 0 0
CHEVRON CORPORATION COM 166764100 857,682 4,200 SH SOLE 4,200 0 0
CONCENTRA GROUP HOLDINGS PAR COMMON STOCK 20603L102 998,180 29,000 SH SOLE 29,000 0 0
CONOCOPHILLIPS COM 20825C104 562,174 4,492 SH SOLE 4,492 0 0
CRANE COMPANY COMMON STOCK 224408104 1,285,326 6,300 SH SOLE 6,300 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 561,844 10,559 SH SOLE 10,559 0 0
DEVON ENERGY CORP NEW COM 25179M103 206,535 4,486 SH SOLE 4,486 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 34,168,301 285,999 SH SOLE 285,999 0 0
ENBRIDGE INC COM 29250N105 3,138,075 67,500 SH SOLE 67,500 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 117,559,399 5,946,353 SH SOLE 5,946,353 0 0
ENI SPA SPONSORED ADR 26874R108 498,800 9,186 SH SOLE 9,186 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 65,417,137 1,837,044 SH SOLE 1,837,044 0 0
EVERUS CONSTR GROUP COM 300426103 1,374,984 11,700 SH SOLE 11,700 0 0
EXXONMOBIL HOLDINGS CORP COM SHS 30233Q108 1,580,302 9,710 SH SOLE 9,710 0 0
FEDEX FGHT HLDG CO INC COMMON STOCK 314352105 1,093,800 10,000 SH SOLE 10,000 0 0
FORTIVE CORP COM 34959J108 460,404 8,400 SH SOLE 8,400 0 0
FORTREA HLDGS INC COMMON STOCK 34965K107 339,150 17,000 SH SOLE 17,000 0 0
FREEPORT MCMORAN INC CL B 35671D857 1,054,760 15,068 SH SOLE 15,068 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106 91,080 33,000 SH SOLE 33,000 0 0
GE VERNOVA INC COM 36828A101 3,753,485 3,949 SH SOLE 3,949 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 4,723,024 343,243 SH SOLE 343,243 0 0
GERDAU SA SPON ADR REP PFD 373737105 157,006 33,264 SH SOLE 33,264 0 0
GLOBAL PARTNERS LP COM UNITS 37946R109 9,039,334 195,234 SH SOLE 195,234 0 0
GREIF INC CL A 397624107 222,852 2,800 SH SOLE 2,800 0 0
HALLIBURTON CO COM 406216101 228,960 7,200 SH SOLE 7,200 0 0
HESS MIDSTREAM LP CL A SHS 428103105 42,597,577 1,139,887 SH SOLE 1,139,887 0 0
HF SINCLAIR CORP COM 403949100 493,672 4,600 SH SOLE 4,600 0 0
HONEYWELL AEROSPACE INC COM 43849R105 1,479,964 9,550 SH SOLE 9,550 0 0
IMPERIAL OIL LTD COM NEW 453038408 813,360 6,610 SH SOLE 6,610 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 910,100 2,500 SH SOLE 2,500 0 0
KINDER MORGAN INC DEL COM 49456B101 31,556,136 1,046,638 SH SOLE 1,046,638 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209 1,380,600 27,502 SH SOLE 27,502 0 0
KIRBY CORP COM 497266106 564,375 4,300 SH SOLE 4,300 0 0
LIBERTY LIVE HOLDINGS INC COM SHS SER C 530909308 500,157 5,143 SH SOLE 5,143 0 0
MARATHON PETE CORP COM 56585A102 905,907 2,291 SH SOLE 2,291 0 0
MPLX LP COM UNIT REP LTD 55336V100 93,948,293 1,668,116 SH SOLE 1,668,116 0 0
MUELLER INDS INC COM 624756102 597,130 9,852 SH SOLE 9,852 0 0
NCR ATLEOS CORPORATION COM SHS 63001N106 573,786 12,700 SH SOLE 12,700 0 0
NEWMONT CORP COM 651639106 1,755,244 15,218 SH SOLE 15,218 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 12,270,740 832,479 SH SOLE 832,479 0 0
NUCOR CORP COM 670346105 2,103,750 9,000 SH SOLE 9,000 0 0
ONEOK INC NEW COM 30609A109 13,355,840 156,630 SH SOLE 156,630 0 0
PAN AMERN SILVER CORP COM 697900108 253,354 5,567 SH SOLE 5,567 0 0
PARKER-HANNIFIN CORP COM 701094104 697,457 730 SH SOLE 730 0 0
PHILLIPS 66 COM 718546104 349,519 1,369 SH SOLE 1,369 0 0
PHINIA INC COMMON STOCK 71880K101 885,507 14,900 SH SOLE 14,900 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 86,003,596 3,625,784 SH SOLE 3,625,784 0 0
PROLOGIS INC. COM 74340W103 311,616 2,400 SH SOLE 2,400 0 0
QNITY ELECTRONICS INC COMMON STOCK 74743L100 2,841,724 22,600 SH SOLE 22,600 0 0
RALLIANT CORP COM 750940108 899,210 13,000 SH SOLE 13,000 0 0
RELIANCE INC COM 759509102 384,750 1,000 SH SOLE 1,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 772,194 8,200 SH SOLE 8,200 0 0
SANDISK CORP COM 80004C200 3,305,791 1,900 SH SOLE 1,900 0 0
SHELL PLC SPON ADS 780259305 1,101,439 11,588 SH SOLE 11,588 0 0
SOUTHERN COPPER CORP COM 84265V105 906,206 4,472 SH SOLE 4,472 0 0
SPHERE ENTERTAINMENT CO CL A 55826T102 564,648 4,200 SH SOLE 4,200 0 0
STEEL DYNAMICS INC COM 858119100 597,017 2,694 SH SOLE 2,694 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 3,532,364 214,864 SH SOLE 214,864 0 0
SUMMIT MIDSTREAM CORPORATION COM 86614G101 1,360,350 45,000 SH SOLE 45,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,113,068 16,400 SH SOLE 16,400 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 67,720,058 929,327 SH SOLE 929,327 0 0
TARGA RES CORP COM 87612G101 55,032,143 203,589 SH SOLE 203,589 0 0
TC ENERGY CORP COM 87807B107 29,311,794 507,300 SH SOLE 507,300 0 0
TRANE TECHNOLOGIES PLC SHS G8994E103 361,584 800 SH SOLE 800 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100 251,520 48,000 SH SOLE 48,000 0 0
VALERO ENERGY CORP COM 91913Y100 527,150 1,360 SH SOLE 1,360 0 0
VERALTO CORP COM SHS 92338C103 1,037,520 11,000 SH SOLE 11,000 0 0
VERSIGENT PLC ORDINARY SHARES G9600F104 471,870 10,500 SH SOLE 10,500 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 66,827,698 1,506,146 SH SOLE 1,506,146 0 0
WESTLAKE CHEM PARTNERS LP COM UNIT RP LP 960417103 1,704,480 80,400 SH SOLE 80,400 0 0
WILLIAMS COS INC COM 969457100 57,099,694 840,072 SH SOLE 840,072 0 0