Spirit Of America Management 13F-HR Quarterly holdings report by institutional manager

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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Agree Realty Corp.	STOCK	008492100	519,338	8,250	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	900,067	7,100	SH		SOLE		0	0	0
American Homes 4 Rent	STOCK	02665T306	1,251,408	34,800	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	595,829	2,760	SH		SOLE		0	0	0
Americold Realty Trust	STOCK	03064D108	142,269	4,700	SH		SOLE		0	0	0
Apartment Income REIT Corp.	STOCK	03750L109	899,576	25,902	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	750,938	45,210	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,881,316	15,390	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	280,764	13,200	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	471,192	6,715	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	1,104,743	47,475	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,310,628	13,200	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	142,549	2,863	SH		SOLE		0	0	0
Cousins Properties, Inc.	STOCK	222795502	206,975	8,500	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	602,444	5,230	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	994,208	21,450	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	3,415,775	25,381	SH		SOLE		0	0	0
Empire State Realty Trust, Inc.	STOCK	292104106	87,210	9,000	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	276,000	20,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	158,100	6,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	4,961,202	6,160	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,795,243	25,450	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	1,878,529	30,715	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	1,471,772	5,936	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	4,782,644	29,830	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313745101	1,277,820	12,400	SH		SOLE		0	0	0
Four Corners Property Trust, Inc.	STOCK	35086T109	126,500	5,000	SH		SOLE		0	0	0
Gaming and Leisure Properties, Inc.	STOCK	36467J108	1,647,550	33,385	SH		SOLE		0	0	0
Getty Realty Corp.	STOCK	374297109	29,220	1,000	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	166,500	15,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	130,095	4,717	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	42226K105	172,300	10,000	SH		SOLE		0	0	0
Healthpeak Properties, Inc.	STOCK	42250P103	248,846	12,568	SH		SOLE		0	0	0
Host Hotels & Resorts, Inc.	STOCK	44107P104	952,083	48,900	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	102,410	11,000	SH		SOLE		0	0	0
Iron Mountain, Inc.	STOCK	46284V101	1,812,482	25,900	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	169,918	4,265	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	587,495	27,569	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	26,784	2,700	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	201,960	5,500	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	1,071,915	7,972	SH		SOLE		0	0	0
National Retail Properties, Inc.	STOCK	637417106	765,025	17,750	SH		SOLE		0	0	0
NET Lease Office Properties	STOCK	64110Y108	34,114	1,846	SH		SOLE		0	0	0
Omega Healthcare Investors, Inc.	STOCK	681936100	367,920	12,000	SH		SOLE		0	0	0
One Liberty Properties, Inc.	STOCK	682406103	54,775	2,500	SH		SOLE		0	0	0
Park Hotels & Resorts, Inc.	STOCK	700517105	141,525	9,250	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	675,650	42,281	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	124,449	9,350	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	30,300	2,000	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	47,850	3,000	SH		SOLE		0	0	0
Plymouth Industrial REIT Inc.	STOCK	729640102	36,105	1,500	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	6,845,088	51,351	SH		SOLE		0	0	0
Public Storage	STOCK	74460D109	2,737,375	8,975	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	1,779,159	30,985	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	991,600	14,800	SH		SOLE		0	0	0
Rexford Industrial Realty, Inc.	STOCK	76169C100	1,037,850	18,500	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	1,925,640	13,500	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	1,803,997	45,950	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	315,300	15,000	SH		SOLE		0	0	0
Summit Hotel Properties, Inc.	STOCK	866082100	60,480	9,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,737,450	13,000	SH		SOLE		0	0	0
Sunstone Hotel Investors, Inc.	STOCK	867892101	168,461	15,700	SH		SOLE		0	0	0
Tanger Factory Outlet Centers, Inc.	STOCK	875465106	304,920	11,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	2,594,538	41,400	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	1,669,444	43,600	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	301,532	6,050	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	3,038,068	95,297	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,762,832	27,200	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	2,702,846	29,975	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	184,281	5,300	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	134,750	7,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	159,410	9,500	SH		SOLE		0	0	0
Abbott Laboratories	STOCK	002824100	341,217	3,100	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	3,898,580	25,157	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	805,410	1,350	SH		SOLE		0	0	0
Advanced Micro Devices, Inc.	STOCK	007903107	913,942	6,200	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	5,678,399	40,650	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	510,301	12,650	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	2,932,442	19,300	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	150,257	1,850	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	936,700	5,000	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	224,515	1,040	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	244,817	850	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	62,650	5,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	9,382,372	48,732	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	2,304,635	14,220	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	299,075	8,750	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	836,700	24,850	SH		SOLE		0	0	0
Berkshire Hathaway, Inc.	STOCK	084670702	1,415,940	3,970	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	1,512,126	11,550	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	874,514	3,355	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	854,312	16,650	SH		SOLE		0	0	0
Broadcom, Inc.	STOCK	11135F101	111,625	100	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	651,900	8,200	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	295,682	1,404	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,268,922	36,600	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	80,000	4,000	SH		SOLE		0	0	0
CVS Health Corp.	STOCK	126650100	142,997	1,811	SH		SOLE		0	0	0
The Carlyle Group, Inc.	STOCK	14316J108	246,175	6,050	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	3,397,248	11,490	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	541,733	7,300	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	1,724,171	10,100	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	2,007,694	13,460	SH		SOLE		0	0	0
Chipotle Mexican Grill, Inc.	STOCK	169656105	1,372,176	600	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	846,210	16,750	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	807,608	15,700	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	465,547	7,900	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	347,438	4,600	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	119,565	1,500	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	146,166	5,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	615,171	5,300	SH		SOLE		0	0	0
Constellation Brands, Inc.	STOCK	21036P108	338,450	1,400	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	243,600	8,000	SH		SOLE		0	0	0
Corteva, Inc.	STOCK	22052L104	346,605	7,233	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	4,476,002	6,781	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	309,861	2,690	SH		SOLE		0	0	0
Cummins, Inc.	STOCK	231021106	850,474	3,550	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	2,563,167	6,410	SH		SOLE		0	0	0
Dell Technolodies, Inc.	STOCK	24703L202	124,236	1,624	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	353,340	7,800	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	410,962	2,650	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	161,496	1,200	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	1,859,974	20,600	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	611,000	13,000	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	333,592	6,083	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	194,080	2,000	SH		SOLE		0	0	0
DuPont de Nemours, Inc.	STOCK	26614N102	500,045	6,500	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	532,180	4,400	SH		SOLE		0	0	0
Edison International	STOCK	281020107	185,874	2,600	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	228,750	3,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	72,040	2,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	765,121	950	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	754,849	7,550	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	455,346	1,800	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	1,047,366	2,715	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	469,404	15,600	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	90,375	2,500	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,092,469	6,038	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	1,866,419	8,900	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	618,044	1,350	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	436,351	2,668	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	3,570,739	20,992	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	401,310	22,750	SH		SOLE		0	0	0
Kroger Co./The	STOCK	501044101	411,390	9,000	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	464,787	4,300	SH		SOLE		0	0	0
Eli Lilly & Co.	STOCK	532457108	1,894,490	3,250	SH		SOLE		0	0	0
Lockheed Martin Corp.	STOCK	539830109	294,606	650	SH		SOLE		0	0	0
Lowe's Cos., Inc.	STOCK	548661107	756,670	3,400	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	48,320	2,000	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	170,614	1,150	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	569,330	8,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	1,023,624	2,400	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	764,996	2,580	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	2,243,138	4,845	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	2,000,517	18,350	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	7,332,404	19,499	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	581,661	6,450	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	33,615	250	SH		SOLE		0	0	0
Morgan Stanley	STOCK	617446448	279,750	3,000	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	229,216	2,600	SH		SOLE		0	0	0
Netflix, Inc.	STOCK	64110L106	292,128	600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	1,605,055	26,425	SH		SOLE		0	0	0
NIKE, Inc.	STOCK	654106103	75,999	700	SH		SOLE		0	0	0
Gen Digital, Inc.	STOCK	668771108	563,654	24,700	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	15,050,726	30,392	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	388,115	6,500	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	140,440	2,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	2,833,431	26,875	SH		SOLE		0	0	0
Palo Alto Networks, Inc.	STOCK	697435105	88,464	300	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	458,574	3,850	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	407,616	2,400	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	691,488	7,350	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	965,265	7,250	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	1,568,538	6,975	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	1,064,613	7,265	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	839,790	6,300	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	513,437	3,550	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	620,460	4,500	SH		SOLE		0	0	0
Raytheon Technologies Corp.	STOCK	75513E101	176,694	2,100	SH		SOLE		0	0	0
ServiceNow, Inc.	STOCK	81762P102	197,817	280	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	347,490	2,600	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	1,585,135	11,130	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	486,472	5,600	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	130,040	2,075	SH		SOLE		0	0	0
Tesla, Inc.	STOCK	88160R101	571,504	2,300	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,777,046	10,425	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	578,561	1,090	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	24,600	1,000	SH		SOLE		0	0	0
United Parcel Service, Inc.	STOCK	911312106	400,937	2,550	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,289,852	2,450	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	2,179,450	16,765	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	1,075,958	28,540	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	97,967	3,073	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	1,939,608	7,450	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	850,117	10,100	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	2,377,993	15,084	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	1,996,486	13,375	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	98,440	2,000	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	17,385	500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	2,020,140	58,000	SH		SOLE		0	0	0
Workday, Inc.	STOCK	98138H101	2,037,323	7,380	SH		SOLE		0	0	0
Zscaler, Inc.	STOCK	98980G102	310,184	1,400	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,342,231	3,825	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	504,523	8,753	SH		SOLE		0	0	0
New Linde PLC	STOCK	G54950103	533,923	1,300	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	582,344	7,069	SH		SOLE		0	0	0
Garmin Ltd.	STOCK	H2906T109	128,540	1,000	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	774,850	5,000	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	245,988	11,565	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	671,220	4,500	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	194,080	2,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	720,400	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	220,640	8,000	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	705,600	40,000	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	752,640	8,000	SH		SOLE		0	0	0
Physicians Realty Trust	STOCK	71943U104	26,620	2,000	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	570,560	4,000	SH		SOLE		0	0	0
Spirit Realty Capital, Inc.	STOCK	84860W300	174,760	4,000	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	586,350	15,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	282,750	7,500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	522,450	15,000	SH		SOLE		0	0	0
Kinetik Holdings Inc	STOCK	02215L209	334,000	10,000	SH		SOLE		0	0	0
Antero Resources Corp.	STOCK	03674X106	374,220	16,500	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	765,583	61,100	SH		SOLE		0	0	0
APA Corp.	STOCK	03743Q108	287,040	8,000	SH		SOLE		0	0	0
BP PLC	STOCK	055622104	2,880,179	81,361	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	2,443,870	71,500	SH		SOLE		0	0	0
Black Stone Minerals, L.P.	STOCK	09225M101	7,313,654	458,249	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	350,000	17,500	SH		SOLE		0	0	0
Coterra Energy, Inc.	STOCK	127097103	1,378,080	54,000	SH		SOLE		0	0	0
Canadian Natural Resources Ltd.	STOCK	136385101	131,040	2,000	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	3,986,636	80,069	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	7,626,469	44,675	SH		SOLE		0	0	0
Chesapeake Energy Corp.	STOCK	165167735	596,285	7,750	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	11,743,367	78,730	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	1,230,342	10,600	SH		SOLE		0	0	0
Delek Logistics Partners LP	STOCK	24664T103	86,340	2,000	SH		SOLE		0	0	0
Delek US Holdings, Inc.	STOCK	24665A103	25,800	1,000	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	1,098,525	24,250	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	1,643,848	10,600	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	47,000	1,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	169,820	1,750	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	2,207,338	18,250	SH		SOLE		0	0	0
EQT Corp.	STOCK	26884L109	966,500	25,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	7,118,525	197,627	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	10,711,560	776,200	SH		SOLE		0	0	0
EnLink Midstream LLC	STOCK	29336T100	304,000	25,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	6,775,534	257,136	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	6,315,737	63,170	SH		SOLE		0	0	0
HF Sinaclair Corp.	STOCK	403949100	1,093,395	19,676	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	885,675	24,500	SH		SOLE		0	0	0
Hess Corp.	STOCK	42809H107	281,112	1,950	SH		SOLE		0	0	0
Hess Midstream LP	STOCK	428103105	7,396,264	233,837	SH		SOLE		0	0	0
ITT, Inc.	STOCK	45073V108	733,818	6,150	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	6,482,594	367,494	SH		SOLE		0	0	0
Liberty Oilfield Services, Inc.	STOCK	53115L104	126,980	7,000	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	7,174,978	195,397	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	1,806,516	74,773	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	14,183,216	95,600	SH		SOLE		0	0	0
Matador Resources Co.	STOCK	576485205	511,740	9,000	SH		SOLE		0	0	0
Murphy Oil Corp.	STOCK	626717102	213,300	5,000	SH		SOLE		0	0	0
NextEra Energy Partners LP	STOCK	65341B106	156,612	5,150	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	1,122,548	18,800	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	15,263,511	217,367	SH		SOLE		0	0	0
Ovintiv, Inc.	STOCK	69047Q102	373,320	8,500	SH		SOLE		0	0	0
PBF Energy, Inc.	STOCK	69318G106	1,186,920	27,000	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	548,775	20,250	SH		SOLE		0	0	0
Permian Resources Corp.	STOCK	71424F105	163,200	12,000	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	16,101,419	120,936	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	5,858,124	26,050	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	5,473,695	361,300	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	1,132,450	71,000	SH		SOLE		0	0	0
Range Resources Corp.	STOCK	75281A109	334,840	11,000	SH		SOLE		0	0	0
Shell PLC	STOCK	780259305	131,600	2,000	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	1,618,444	31,100	SH		SOLE		0	0	0
Southwestern Energy Co.	STOCK	845467109	98,250	15,000	SH		SOLE		0	0	0
Suburban Propane Partners, L.P.	STOCK	864482104	177,600	10,000	SH		SOLE		0	0	0
Suncor Energy, Inc.	STOCK	867224107	128,160	4,000	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	1,651,371	27,555	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	4,508,553	51,900	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	2,147,136	54,928	SH		SOLE		0	0	0
Texas Pacific Land Corp.	STOCK	88262P102	196,556	125	SH		SOLE		0	0	0
TotalEnergies SE	STOCK	89151E109	67,380	1,000	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	319,800	13,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	143,464	6,284	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	12,469,470	95,919	SH		SOLE		0	0	0
Viper Energy Inc	STOCK	927959106	618,186	19,700	SH		SOLE		0	0	0
Western Midstream Partners LP	STOCK	958669103	5,306,301	181,350	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	13,776,380	395,532	SH		SOLE		0	0	0
TechnipFMC PLC	STOCK	G87110105	322,240	16,000	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	375,375	19,500	SH		SOLE		0	0	0
Alliant Energy Corp.	STOCK	018802108	171,855	3,350	SH		SOLE		0	0	0
Ameren Corp.	STOCK	023608102	582,337	8,050	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	714,736	8,800	SH		SOLE		0	0	0
American Water Works Co., Inc.	STOCK	030420103	98,993	750	SH		SOLE		0	0	0
Atmos Energy Corp.	STOCK	049560105	301,340	2,600	SH		SOLE		0	0	0
Brookfield Renewable Corp.	STOCK	11284V105	33,109	1,150	SH		SOLE		0	0	0
CMS Energy Corp.	STOCK	125896100	470,367	8,100	SH		SOLE		0	0	0
CenterPoint Energy, Inc.	STOCK	15189T107	414,265	14,500	SH		SOLE		0	0	0
Chesapeake Utilities Corp.	STOCK	165303108	42,252	400	SH		SOLE		0	0	0
Clearway Energy, Inc.	STOCK	18539C204	145,379	5,300	SH		SOLE		0	0	0
Constellation Energy Corp.	STOCK	21037T109	455,871	3,900	SH		SOLE		0	0	0
DTE Energy Co.	STOCK	233331107	705,664	6,400	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	122,200	2,600	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	616,204	6,350	SH		SOLE		0	0	0
Edison International	STOCK	281020107	275,237	3,850	SH		SOLE		0	0	0
Entergy Corp.	STOCK	29364G103	738,687	7,300	SH		SOLE		0	0	0
Essential Utilities, Inc.	STOCK	29670G102	493,020	13,200	SH		SOLE		0	0	0
Evergy, Inc.	STOCK	30034W106	67,860	1,300	SH		SOLE		0	0	0
Eversource Energy	STOCK	30040W108	496,846	8,050	SH		SOLE		0	0	0
Exelon Corp.	STOCK	30161N101	441,570	12,300	SH		SOLE		0	0	0
FirstEnergy Corp.	STOCK	337932107	450,918	12,300	SH		SOLE		0	0	0
IDACORP, Inc.	STOCK	451107106	58,992	600	SH		SOLE		0	0	0
National Fuel Gas Co.	STOCK	636180101	30,102	600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	886,804	14,600	SH		SOLE		0	0	0
Nisource, Inc.	STOCK	65473P105	451,350	17,000	SH		SOLE		0	0	0
Northwest Natural Holdings Co.	STOCK	66765N105	73,986	1,900	SH		SOLE		0	0	0
NorthWestern Corp.	STOCK	668074305	50,890	1,000	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	575,875	21,250	SH		SOLE		0	0	0
Portland General Electric Co.	STOCK	736508847	52,008	1,200	SH		SOLE		0	0	0
Public Service Enterprise Group, Inc.	STOCK	744573106	587,040	9,600	SH		SOLE		0	0	0
Sempra Energy	STOCK	816851109	751,037	10,050	SH		SOLE		0	0	0
Southern Co./The	STOCK	842587107	199,842	2,850	SH		SOLE		0	0	0
Southwest Gas Corp.	STOCK	844895102	136,203	2,150	SH		SOLE		0	0	0
Vistra Energy Corp.	STOCK	92840M102	231,120	6,000	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	559,731	6,650	SH		SOLE		0	0	0
Waste Management, Inc.	STOCK	94106L109	44,775	250	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	69,660	2,000	SH		SOLE		0	0	0
Xcel Energy, Inc.	STOCK	98389B100	414,797	6,700	SH		SOLE		0	0	0