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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   7,542,127 41,418 SH   SOLE   41,418 0 0
AMAZON COM INC COM 023135106   5,245,811 29,082 SH   SOLE   29,082 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101   6,076,488 380,256 SH   SOLE   380,256 0 0
BUNGE GLOBAL SA COM SHS H11356104   3,372,395 32,895 SH   SOLE   32,895 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   3,416,282 38,686 SH   SOLE   38,686 0 0
CHUBB LIMITED COM H1467J104   4,463,378 17,168 SH   SOLE   17,168 0 0
CORTEVA INC COM 22052L104   16,840 292 SH   SOLE   292 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105   2,484,676 73,686 SH   SOLE   73,686 0 0
DUPONT DE NEMOURS INC COM 26614N102   22,388 292 SH   SOLE   292 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   6,961,437 442,558 SH   SOLE   442,558 0 0
ENHABIT INC COM 29332G102   1,049 90 SH   SOLE   90 0 0
EXXON MOBIL CORP COM 30231G102   5,910,920 50,851 SH   SOLE   50,851 0 0
FIRST INDL RLTY TR INC COM 32054K103   4,061,795 76,768 SH   SOLE   76,768 0 0
FRANCO NEV CORP COM 351858105   667,296 5,600 SH   SOLE   5,600 0 0
HERSHEY CO COM 427866108   542,655 2,790 SH   SOLE   2,790 0 0
HOWARD HUGHES HOLDINGS INC COM 44267T102   3,205,011 44,134 SH   SOLE   44,134 0 0
HUBBELL INC COM 443510607   664,080 1,600 SH   SOLE   1,600 0 0
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837   7,098,960 140,713 SH   SOLE   140,713 0 0
J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 46654Q203   2,086,830 38,474 SH   SOLE   38,474 0 0
JOHNSON & JOHNSON COM 478160104   759,312 4,800 SH   SOLE   4,800 0 0
JPMORGAN CHASE & CO COM 46625H100   7,414,223 37,016 SH   SOLE   37,016 0 0
LOUISIANA PAC CORP COM 546347105   637,716 7,600 SH   SOLE   7,600 0 0
LOWES COS INC COM 548661107   789,663 3,100 SH   SOLE   3,100 0 0
MARTIN MARIETTA MATLS INC COM 573284106   613,940 1,000 SH   SOLE   1,000 0 0
MICROSOFT CORP COM 594918104   1,220,088 2,900 SH   SOLE   2,900 0 0
MODERNA INC COM 60770K107   1,819,299 17,073 SH   SOLE   17,073 0 0
NORTHROP GRUMMAN CORP COM 666807102   574,392 1,200 SH   SOLE   1,200 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833   724,893 7,210 SH   SOLE   7,210 0 0
PIONEER NAT RES CO COM 723787107   1,246,875 4,750 SH   SOLE   4,750 0 0
SPDR SER TR OILGAS EQUIP 78468R549   239,334 2,571 SH   SOLE   2,571 0 0
SPDR SER TR S&P OILGAS EXP 78468R556   536,368 3,462 SH   SOLE   3,462 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104   14,685,970 848,900 SH   SOLE   848,900 0 0
STARWOOD PPTY TR INC COM 85571B105   10,405 500 SH   SOLE   500 0 0
TEXAS INSTRS INC COM 882508104   557,472 3,200 SH   SOLE   3,200 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102   13,150,979 22,733 SH   SOLE   22,733 0 0
TJX COS INC NEW COM 872540109   608,520 6,000 SH   SOLE   6,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   525,983 60,250 SH   SOLE   60,250 0 0