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

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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	471,240	8,250	SH		SOLE		0	0	0
Alexandria Real Estate Equities, Inc.	STOCK	015271109	915,261	7,100	SH		SOLE		0	0	0
American Homes 4 Rent	STOCK	02665T306	1,298,334	35,300	SH		SOLE		0	0	0
American Tower Corp.	STOCK	03027X100	339,855	1,720	SH		SOLE		0	0	0
Americold Realty Trust	STOCK	03064D108	117,124	4,700	SH		SOLE		0	0	0
Apartment Income REIT Corp.	STOCK	03750L109	841,038	25,902	SH		SOLE		0	0	0
Apple Hospitality REIT, Inc.	STOCK	03784Y200	740,540	45,210	SH		SOLE		0	0	0
AvalonBay Communities, Inc.	STOCK	053484101	2,818,656	15,190	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	262,812	13,200	SH		SOLE		0	0	0
Boston Properties, Inc.	STOCK	101121101	438,557	6,715	SH		SOLE		0	0	0
Brixmor Property Group, Inc.	STOCK	11120U105	1,113,289	47,475	SH		SOLE		0	0	0
Camden Property Trust	STOCK	133131102	1,298,880	13,200	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	121,648	2,463	SH		SOLE		0	0	0
Cousins Properties, Inc.	STOCK	222795502	204,340	8,500	SH		SOLE		0	0	0
Crown Castle International Corp.	STOCK	22822V101	268,808	2,540	SH		SOLE		0	0	0
CubeSmart	STOCK	229663109	969,969	21,450	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	3,655,879	25,381	SH		SOLE		0	0	0
DigitalBridge Group, Inc.	STOCK	25401T603	28,905	1,500	SH		SOLE		0	0	0
Empire State Realty Trust, Inc.	STOCK	292104106	91,170	9,000	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	314,600	20,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	175,080	6,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	5,084,033	6,160	SH		SOLE		0	0	0
Equity LifeStyle Properties, Inc.	STOCK	29472R108	1,581,020	24,550	SH		SOLE		0	0	0
Equity Residential	STOCK	29476L107	1,938,424	30,715	SH		SOLE		0	0	0
Essex Property Trust, Inc.	STOCK	297178105	1,453,192	5,936	SH		SOLE		0	0	0
Extra Space Storage, Inc.	STOCK	30225T102	3,017,910	20,530	SH		SOLE		0	0	0
Federal Realty Investment Trust	STOCK	313745101	1,235,652	12,100	SH		SOLE		0	0	0
Four Corners Property Trust, Inc.	STOCK	35086T109	122,350	5,000	SH		SOLE		0	0	0
Gaming and Leisure Properties, Inc.	STOCK	36467J108	1,538,047	33,385	SH		SOLE		0	0	0
Getty Realty Corp.	STOCK	374297109	27,350	1,000	SH		SOLE		0	0	0
Global Medical REIT, Inc.	STOCK	37954A204	131,250	15,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	77,163	2,717	SH		SOLE		0	0	0
Healthcare Realty Trust, Inc.	STOCK	42226K105	141,500	10,000	SH		SOLE		0	0	0
Healthpeak Properties, Inc.	STOCK	42250P103	353,794	18,869	SH		SOLE		0	0	0
Host Hotels & Resorts, Inc.	STOCK	44107P104	1,011,252	48,900	SH		SOLE		0	0	0
Hudson Pacific Properties, Inc.	STOCK	444097109	70,950	11,000	SH		SOLE		0	0	0
Invitation Homes, Inc.	STOCK	46187W107	35,610	1,000	SH		SOLE		0	0	0
Iron Mountain, Inc.	STOCK	46284V101	2,310,048	28,800	SH		SOLE		0	0	0
Kilroy Realty Corp.	STOCK	49427F108	155,374	4,265	SH		SOLE		0	0	0
Kimco Realty Corp.	STOCK	49446R109	540,628	27,569	SH		SOLE		0	0	0
Lexington Realty Trust	STOCK	529043101	24,354	2,700	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	187,020	4,500	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	1,009,482	7,672	SH		SOLE		0	0	0
National Retail Properties, Inc.	STOCK	637417106	758,635	17,750	SH		SOLE		0	0	0
NET Lease Office Properties	STOCK	64110Y108	44,562	1,872	SH		SOLE		0	0	0
Omega Healthcare Investors, Inc.	STOCK	681936100	380,040	12,000	SH		SOLE		0	0	0
One Liberty Properties, Inc.	STOCK	682406103	56,475	2,500	SH		SOLE		0	0	0
Park Hotels & Resorts, Inc.	STOCK	700517105	161,783	9,250	SH		SOLE		0	0	0
Pebblebrook Hotel Trust	STOCK	70509V100	651,550	42,281	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	35,120	2,000	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	54,750	3,000	SH		SOLE		0	0	0
Plymouth Industrial REIT Inc.	STOCK	729640102	33,750	1,500	SH		SOLE		0	0	0
Postal Realty Trust, Inc.	STOCK	73757R102	42,960	3,000	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	5,052,666	38,801	SH		SOLE		0	0	0
Public Storage	STOCK	74460D109	2,603,289	8,975	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	1,622,189	29,985	SH		SOLE		0	0	0
Regency Centers Corp.	STOCK	758849103	896,288	14,800	SH		SOLE		0	0	0
Rexford Industrial Realty, Inc.	STOCK	76169C100	980,850	19,500	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	2,112,615	13,500	SH		SOLE		0	0	0
STAG Industrial, Inc.	STOCK	85254J102	1,766,318	45,950	SH		SOLE		0	0	0
Starwood Property Trust, Inc.	STOCK	85571B105	304,950	15,000	SH		SOLE		0	0	0
Summit Hotel Properties, Inc.	STOCK	866082100	58,590	9,000	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	1,671,540	13,000	SH		SOLE		0	0	0
Sunstone Hotel Investors, Inc.	STOCK	867892101	174,898	15,700	SH		SOLE		0	0	0
Tanger Factory Outlet Centers, Inc.	STOCK	875465106	324,830	11,000	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	2,748,960	41,400	SH		SOLE		0	0	0
UDR, Inc.	STOCK	902653104	1,631,076	43,600	SH		SOLE		0	0	0
Ventas, Inc.	STOCK	92276F100	328,727	7,550	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	2,838,898	95,297	SH		SOLE		0	0	0
WP Carey, Inc.	STOCK	92936U109	1,140,088	20,200	SH		SOLE		0	0	0
Welltower, Inc.	STOCK	95040Q104	3,165,280	33,875	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	190,323	5,300	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	125,510	7,000	SH		SOLE		0	0	0
AT&T, Inc.	STOCK	00206R102	167,200	9,500	SH		SOLE		0	0	0
Abbott Laboratories	STOCK	002824100	352,346	3,100	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	4,435,410	24,357	SH		SOLE		0	0	0
Adobe Systems, Inc.	STOCK	00724F101	681,210	1,350	SH		SOLE		0	0	0
Advanced Micro Devices, Inc.	STOCK	007903107	1,173,185	6,500	SH		SOLE		0	0	0
Alphabet, Inc.	STOCK	02079K305	6,565,455	43,500	SH		SOLE		0	0	0
Altria Group, Inc.	STOCK	02209S103	551,793	12,650	SH		SOLE		0	0	0
Amazon.com, Inc.	STOCK	023135106	3,851,113	21,350	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	159,285	1,850	SH		SOLE		0	0	0
American Express Co.	STOCK	025816109	1,138,450	5,000	SH		SOLE		0	0	0
Amgen, Inc.	STOCK	031162100	213,240	750	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	70,300	5,000	SH		SOLE		0	0	0
Apple, Inc.	STOCK	037833100	8,056,473	46,982	SH		SOLE		0	0	0
Applied Materials, Inc.	STOCK	038222105	2,932,591	14,220	SH		SOLE		0	0	0
ARM Holdings PLC	STOCK	042068205	24,998	200	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	293,125	8,750	SH		SOLE		0	0	0
Bank of America Corp.	STOCK	060505104	942,312	24,850	SH		SOLE		0	0	0
Berkshire Hathaway, Inc.	STOCK	084670702	1,669,464	3,970	SH		SOLE		0	0	0
Blackstone Group LP/The	STOCK	09260D107	1,517,324	11,550	SH		SOLE		0	0	0
Boeing Co./The	STOCK	097023105	608,883	3,155	SH		SOLE		0	0	0
Bristol-Myers Squibb Co.	STOCK	110122108	902,930	16,650	SH		SOLE		0	0	0
Broadcom, Inc.	STOCK	11135F101	132,541	100	SH		SOLE		0	0	0
CF Industries Holdings, Inc.	STOCK	125269100	682,322	8,200	SH		SOLE		0	0	0
CME Group, Inc.	STOCK	12572Q105	302,267	1,404	SH		SOLE		0	0	0
CSX Corp.	STOCK	126408103	1,356,762	36,600	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	94,880	4,000	SH		SOLE		0	0	0
CVS Health Corp.	STOCK	126650100	144,445	1,811	SH		SOLE		0	0	0
The Carlyle Group, Inc.	STOCK	14316J108	283,806	6,050	SH		SOLE		0	0	0
Caterpillar, Inc.	STOCK	149123101	4,210,281	11,490	SH		SOLE		0	0	0
Centene Corp.	STOCK	15135B101	572,904	7,300	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	1,556,352	9,650	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	2,091,632	13,260	SH		SOLE		0	0	0
Chipotle Mexican Grill, Inc.	STOCK	169656105	2,572,491	885	SH		SOLE		0	0	0
Cisco Systems, Inc.	STOCK	17275R102	835,993	16,750	SH		SOLE		0	0	0
Citigroup, Inc.	STOCK	172967424	1,182,588	18,700	SH		SOLE		0	0	0
Coca-Cola Co./The	STOCK	191216100	483,322	7,900	SH		SOLE		0	0	0
Cognizant Technology Solutions Corp.	STOCK	192446102	337,134	4,600	SH		SOLE		0	0	0
Colgate-Palmolive Co.	STOCK	194162103	135,075	1,500	SH		SOLE		0	0	0
ConAgra Foods, Inc.	STOCK	205887102	151,164	5,100	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	674,584	5,300	SH		SOLE		0	0	0
Constellation Brands, Inc.	STOCK	21036P108	380,464	1,400	SH		SOLE		0	0	0
Corning, Inc.	STOCK	219350105	263,680	8,000	SH		SOLE		0	0	0
Corteva, Inc.	STOCK	22052L104	417,127	7,233	SH		SOLE		0	0	0
Costco Wholesale Corp.	STOCK	22160K105	5,004,596	6,831	SH		SOLE		0	0	0
Crowdstrike Holdings, Inc.	STOCK	22788C105	673,239	2,100	SH		SOLE		0	0	0
Cummins, Inc.	STOCK	231021106	1,046,008	3,550	SH		SOLE		0	0	0
Deere & Co.	STOCK	244199105	2,632,843	6,410	SH		SOLE		0	0	0
Dell Technolodies, Inc.	STOCK	24703L202	185,315	1,624	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	391,404	7,800	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	525,151	2,650	SH		SOLE		0	0	0
Digital Realty Trust, Inc.	STOCK	253868103	381,706	2,650	SH		SOLE		0	0	0
Walt Disney Co./The	STOCK	254687106	2,520,616	20,600	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	565,685	11,500	SH		SOLE		0	0	0
Dow, Inc.	STOCK	260557103	352,388	6,083	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	193,420	2,000	SH		SOLE		0	0	0
DuPont de Nemours, Inc.	STOCK	26614N102	498,355	6,500	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	562,496	4,400	SH		SOLE		0	0	0
Edison International	STOCK	281020107	183,898	2,600	SH		SOLE		0	0	0
Edwards LifeSciences Corp.	STOCK	28176E108	286,680	3,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	72,360	2,000	SH		SOLE		0	0	0
Equinix, Inc.	STOCK	29444U700	907,863	1,100	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	877,612	7,550	SH		SOLE		0	0	0
FedEx Corp.	STOCK	31428X106	521,532	1,800	SH		SOLE		0	0	0
Goldman Sachs Group, Inc./The	STOCK	38141G104	1,134,028	2,715	SH		SOLE		0	0	0
HP, Inc.	STOCK	40434L105	471,432	15,600	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	98,550	2,500	SH		SOLE		0	0	0
Home Depot, Inc./The	STOCK	437076102	2,354,537	6,138	SH		SOLE		0	0	0
Honeywell International, Inc.	STOCK	438516106	1,826,725	8,900	SH		SOLE		0	0	0
Humana, Inc.	STOCK	444859102	468,072	1,350	SH		SOLE		0	0	0
International Business Machines Corp.	STOCK	459200101	509,481	2,668	SH		SOLE		0	0	0
JPMorgan Chase & Co.	STOCK	46625H100	4,204,698	20,992	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	398,895	21,750	SH		SOLE		0	0	0
Kroger Co./The	STOCK	501044101	514,170	9,000	SH		SOLE		0	0	0
Lamb Weston Holdings, Inc.	STOCK	513272104	458,079	4,300	SH		SOLE		0	0	0
Eli Lilly & Co.	STOCK	532457108	2,528,370	3,250	SH		SOLE		0	0	0
Lockheed Martin Corp.	STOCK	539830109	295,666	650	SH		SOLE		0	0	0
Lowe's Cos., Inc.	STOCK	548661107	866,082	3,400	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	56,680	2,000	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	231,725	1,150	SH		SOLE		0	0	0
Masco Corp.	STOCK	574599106	670,480	8,500	SH		SOLE		0	0	0
MasterCard, Inc.	STOCK	57636Q104	1,155,768	2,400	SH		SOLE		0	0	0
McDonald's Corp.	STOCK	580135101	727,431	2,580	SH		SOLE		0	0	0
McKesson Corp.	STOCK	58155Q103	2,601,038	4,845	SH		SOLE		0	0	0
Merck & Co., Inc.	STOCK	58933Y105	2,421,283	18,350	SH		SOLE		0	0	0
Microsoft Corp.	STOCK	594918104	8,203,619	19,499	SH		SOLE		0	0	0
Microchip Technology, Inc.	STOCK	595017104	578,630	6,450	SH		SOLE		0	0	0
Mid-America Apartment Communities, Inc.	STOCK	59522J103	32,895	250	SH		SOLE		0	0	0
Morgan Stanley	STOCK	617446448	282,480	3,000	SH		SOLE		0	0	0
NetApp, Inc.	STOCK	64110D104	272,922	2,600	SH		SOLE		0	0	0
Netflix, Inc.	STOCK	64110L106	364,398	600	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	1,407,618	22,025	SH		SOLE		0	0	0
NIKE, Inc.	STOCK	654106103	65,786	700	SH		SOLE		0	0	0
Gen Digital, Inc.	STOCK	668771108	553,280	24,700	SH		SOLE		0	0	0
NVIDIA Corp.	STOCK	67066G104	25,676,465	28,417	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	422,435	6,500	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	160,340	2,000	SH		SOLE		0	0	0
Oracle Corp.	STOCK	68389X105	3,375,769	26,875	SH		SOLE		0	0	0
Palo Alto Networks, Inc.	STOCK	697435105	653,499	2,300	SH		SOLE		0	0	0
Paychex, Inc.	STOCK	704326107	472,780	3,850	SH		SOLE		0	0	0
PepsiCo, Inc.	STOCK	713448108	420,024	2,400	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	673,407	7,350	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	1,184,215	7,250	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	1,752,188	6,675	SH		SOLE		0	0	0
Procter & Gamble Co./The	STOCK	742718109	1,178,746	7,265	SH		SOLE		0	0	0
Prologis, Inc.	STOCK	74340W103	820,386	6,300	SH		SOLE		0	0	0
QUALCOMM, Inc.	STOCK	747525103	601,015	3,550	SH		SOLE		0	0	0
Quest Diagnostics, Inc.	STOCK	74834L100	598,995	4,500	SH		SOLE		0	0	0
Raytheon Technologies Corp.	STOCK	75513E101	204,813	2,100	SH		SOLE		0	0	0
ServiceNow, Inc.	STOCK	81762P102	480,312	630	SH		SOLE		0	0	0
Sun Communities, Inc.	STOCK	866674104	334,308	2,600	SH		SOLE		0	0	0
Target Corp.	STOCK	87612E106	1,972,347	11,130	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	627,144	5,600	SH		SOLE		0	0	0
Terreno Realty Corp.	STOCK	88146M101	137,780	2,075	SH		SOLE		0	0	0
Tesla, Inc.	STOCK	88160R101	404,317	2,300	SH		SOLE		0	0	0
Texas Instruments, Inc.	STOCK	882508104	1,816,139	10,425	SH		SOLE		0	0	0
Thermo Fisher Scientific, Inc.	STOCK	883556102	633,519	1,090	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	24,540	1,000	SH		SOLE		0	0	0
United Parcel Service, Inc.	STOCK	911312106	379,007	2,550	SH		SOLE		0	0	0
UnitedHealth Group, Inc.	STOCK	91324P102	1,162,545	2,350	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	2,742,135	16,065	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	1,197,538	28,540	SH		SOLE		0	0	0
Vertex Pharmaceuticals, Inc.	STOCK	92532F100	41,801	100	SH		SOLE		0	0	0
VICI Properties, Inc.	STOCK	925652109	91,545	3,073	SH		SOLE		0	0	0
Visa, Inc.	STOCK	92826C839	2,079,146	7,450	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	829,412	10,100	SH		SOLE		0	0	0
Wal-Mart Stores, Inc.	STOCK	931142103	2,722,813	45,252	SH		SOLE		0	0	0
Waste Connections, Inc.	STOCK	94106B101	2,300,634	13,375	SH		SOLE		0	0	0
Wells Fargo & Co.	STOCK	949746101	115,920	2,000	SH		SOLE		0	0	0
Weyerhaeuser Co.	STOCK	962166104	17,955	500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	2,221,290	57,000	SH		SOLE		0	0	0
Workday, Inc.	STOCK	98138H101	2,012,895	7,380	SH		SOLE		0	0	0
Zscaler, Inc.	STOCK	98980G102	433,418	2,250	SH		SOLE		0	0	0
Accenture PLC	STOCK	G1151C101	1,325,783	3,825	SH		SOLE		0	0	0
Johnson Controls International PLC	STOCK	G51502105	571,746	8,753	SH		SOLE		0	0	0
New Linde PLC	STOCK	G54950103	603,616	1,300	SH		SOLE		0	0	0
Medtronic PLC	STOCK	G5960L103	616,063	7,069	SH		SOLE		0	0	0
Garmin Ltd.	STOCK	H2906T109	148,870	1,000	SH		SOLE		0	0	0
AbbVie, Inc.	STOCK	00287Y109	637,350	3,500	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc.	STOCK	09257W100	230,259	11,565	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	709,830	4,500	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	193,420	2,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	723,600	20,000	SH		SOLE		0	0	0
Hannon Armstrong Sustainable Infrastructure	STOCK	41068X100	227,200	8,000	SH		SOLE		0	0	0
Healthpeak Properties, Inc.	STOCK	42250P103	25,275	1,348	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	733,600	40,000	SH		SOLE		0	0	0
Philip Morris International, Inc.	STOCK	718172109	732,960	8,000	SH		SOLE		0	0	0
Realty Income Corp.	STOCK	756109104	164,897	3,048	SH		SOLE		0	0	0
Simon Property Group, Inc.	STOCK	828806109	625,960	4,000	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	603,000	15,000	SH		SOLE		0	0	0
Verizon Communications, Inc.	STOCK	92343V104	314,700	7,500	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	584,550	15,000	SH		SOLE		0	0	0
Kinetik Holdings Inc	STOCK	02215L209	398,700	10,000	SH		SOLE		0	0	0
Antero Resources Corp.	STOCK	03674X106	478,500	16,500	SH		SOLE		0	0	0
Antero Midstream Corp.	STOCK	03676B102	859,066	61,100	SH		SOLE		0	0	0
APA Corp.	STOCK	03743Q108	275,040	8,000	SH		SOLE		0	0	0
BP PLC	STOCK	055622104	3,065,682	81,361	SH		SOLE		0	0	0
Baker Hughes Co.	STOCK	05722G100	2,345,000	70,000	SH		SOLE		0	0	0
Black Stone Minerals, L.P.	STOCK	09225M101	6,831,434	427,499	SH		SOLE		0	0	0
CNX Resources Corp.	STOCK	12653C108	415,100	17,500	SH		SOLE		0	0	0
Coterra Energy, Inc.	STOCK	127097103	2,007,360	72,000	SH		SOLE		0	0	0
Canadian Natural Resources Ltd.	STOCK	136385101	152,640	2,000	SH		SOLE		0	0	0
Cheniere Energy Partners LP	STOCK	16411Q101	3,085,344	62,469	SH		SOLE		0	0	0
Cheniere Energy, Inc.	STOCK	16411R208	7,277,760	45,125	SH		SOLE		0	0	0
Chesapeake Energy Corp.	STOCK	165167735	688,433	7,750	SH		SOLE		0	0	0
Chevron Corp.	STOCK	166764100	11,535,526	73,130	SH		SOLE		0	0	0
ConocoPhillips	STOCK	20825C104	2,240,128	17,600	SH		SOLE		0	0	0
Delek Logistics Partners LP	STOCK	24664T103	81,980	2,000	SH		SOLE		0	0	0
Delek US Holdings, Inc.	STOCK	24665A103	30,740	1,000	SH		SOLE		0	0	0
Devon Energy Corp.	STOCK	25179M103	1,743,755	34,750	SH		SOLE		0	0	0
Diamondback Energy, Inc.	STOCK	25278X109	2,823,923	14,250	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	49,190	1,000	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	169,243	1,750	SH		SOLE		0	0	0
EOG Resources, Inc.	STOCK	26875P101	2,978,672	23,300	SH		SOLE		0	0	0
EQT Corp.	STOCK	26884L109	926,750	25,000	SH		SOLE		0	0	0
Enbridge, Inc.	STOCK	29250N105	7,150,145	197,627	SH		SOLE		0	0	0
Energy Transfer LP	STOCK	29273V100	10,723,141	681,700	SH		SOLE		0	0	0
EnLink Midstream LLC	STOCK	29336T100	341,000	25,000	SH		SOLE		0	0	0
Enterprise Products Partners LP	STOCK	293792107	7,233,313	247,886	SH		SOLE		0	0	0
Exxon Mobil Corp.	STOCK	30231G102	3,902,177	33,570	SH		SOLE		0	0	0
HF Sinaclair Corp.	STOCK	403949100	1,670,800	27,676	SH		SOLE		0	0	0
Halliburton Co.	STOCK	406216101	1,517,670	38,500	SH		SOLE		0	0	0
Hess Corp.	STOCK	42809H107	297,648	1,950	SH		SOLE		0	0	0
Hess Midstream LP	STOCK	428103105	6,949,136	192,337	SH		SOLE		0	0	0
ITT, Inc.	STOCK	45073V108	918,203	6,750	SH		SOLE		0	0	0
Kinder Morgan, Inc.	STOCK	49456B101	6,739,840	367,494	SH		SOLE		0	0	0
Liberty Oilfield Services, Inc.	STOCK	53115L104	145,040	7,000	SH		SOLE		0	0	0
MPLX LP	STOCK	55336V100	7,112,869	171,147	SH		SOLE		0	0	0
Marathon Oil Corp.	STOCK	565849106	2,459,147	86,773	SH		SOLE		0	0	0
Marathon Petroleum Corp.	STOCK	56585A102	16,850,438	83,625	SH		SOLE		0	0	0
Matador Resources Co.	STOCK	576485205	600,930	9,000	SH		SOLE		0	0	0
Murphy Oil Corp.	STOCK	626717102	228,500	5,000	SH		SOLE		0	0	0
NextEra Energy Partners LP	STOCK	65341B106	154,912	5,150	SH		SOLE		0	0	0
Chord Energy Corp.	STOCK	674215207	53,472	300	SH		SOLE		0	0	0
Occidental Petroleum Corp.	STOCK	674599105	1,800,223	27,700	SH		SOLE		0	0	0
ONEOK, Inc.	STOCK	682680103	14,780,702	184,367	SH		SOLE		0	0	0
Ovintiv, Inc.	STOCK	69047Q102	441,150	8,500	SH		SOLE		0	0	0
PBF Energy, Inc.	STOCK	69318G106	2,748,968	47,750	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	557,483	20,250	SH		SOLE		0	0	0
Permian Resources Corp.	STOCK	71424F105	211,920	12,000	SH		SOLE		0	0	0
Phillips 66	STOCK	718546104	16,993,240	104,036	SH		SOLE		0	0	0
Pioneer Natural Resources Co.	STOCK	723787107	7,612,500	29,000	SH		SOLE		0	0	0
Plains All American Pipeline LP	STOCK	726503105	6,326,868	360,300	SH		SOLE		0	0	0
Plains GP Holdings LP	STOCK	72651A207	1,295,750	71,000	SH		SOLE		0	0	0
Range Resources Corp.	STOCK	75281A109	447,590	13,000	SH		SOLE		0	0	0
Shell PLC	STOCK	780259305	134,080	2,000	SH		SOLE		0	0	0
Schlumberger Ltd.	STOCK	806857108	2,321,204	42,350	SH		SOLE		0	0	0
Southwestern Energy Co.	STOCK	845467109	113,700	15,000	SH		SOLE		0	0	0
Suburban Propane Partners, L.P.	STOCK	864482104	204,300	10,000	SH		SOLE		0	0	0
Suncor Energy, Inc.	STOCK	867224107	147,640	4,000	SH		SOLE		0	0	0
Sunoco LP	STOCK	86765K109	1,661,291	27,555	SH		SOLE		0	0	0
Targa Resources Corp.	STOCK	87612G101	5,812,281	51,900	SH		SOLE		0	0	0
TC Energy Corp.	STOCK	87807B107	2,208,106	54,928	SH		SOLE		0	0	0
Texas Pacific Land Corp.	STOCK	88262P102	650,824	1,125	SH		SOLE		0	0	0
TotalEnergies SE	STOCK	89151E109	68,830	1,000	SH		SOLE		0	0	0
UGI Corp.	STOCK	902681105	319,020	13,000	SH		SOLE		0	0	0
USA Compression Partners LP	STOCK	90290N109	167,594	6,284	SH		SOLE		0	0	0
Valero Energy Corp.	STOCK	91913Y100	14,298,531	83,769	SH		SOLE		0	0	0
Viper Energy Inc	STOCK	927959106	757,662	19,700	SH		SOLE		0	0	0
Western Midstream Partners LP	STOCK	958669103	6,429,218	180,850	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	13,036,712	334,532	SH		SOLE		0	0	0
TechnipFMC PLC	STOCK	G87110105	401,760	16,000	SH		SOLE		0	0	0
AES Corp.	STOCK	00130H105	358,600	20,000	SH		SOLE		0	0	0
Alliant Energy Corp.	STOCK	018802108	183,960	3,650	SH		SOLE		0	0	0
Ameren Corp.	STOCK	023608102	624,962	8,450	SH		SOLE		0	0	0
American Electric Power Co., Inc.	STOCK	025537101	787,815	9,150	SH		SOLE		0	0	0
American Water Works Co., Inc.	STOCK	030420103	146,652	1,200	SH		SOLE		0	0	0
Atmos Energy Corp.	STOCK	049560105	344,723	2,900	SH		SOLE		0	0	0
Brookfield Renewable Corp.	STOCK	11284V105	28,256	1,150	SH		SOLE		0	0	0
CMS Energy Corp.	STOCK	125896100	537,026	8,900	SH		SOLE		0	0	0
CenterPoint Energy, Inc.	STOCK	15189T107	427,350	15,000	SH		SOLE		0	0	0
Chesapeake Utilities Corp.	STOCK	165303108	59,015	550	SH		SOLE		0	0	0
Clearway Energy, Inc.	STOCK	18539C204	133,690	5,800	SH		SOLE		0	0	0
Constellation Energy Corp.	STOCK	21037T109	748,643	4,050	SH		SOLE		0	0	0
DTE Energy Co.	STOCK	233331107	751,338	6,700	SH		SOLE		0	0	0
Dominion Resources, Inc.	STOCK	25746U109	127,894	2,600	SH		SOLE		0	0	0
Duke Energy Corp.	STOCK	26441C204	628,615	6,500	SH		SOLE		0	0	0
Edison International	STOCK	281020107	307,676	4,350	SH		SOLE		0	0	0
Entergy Corp.	STOCK	29364G103	819,020	7,750	SH		SOLE		0	0	0
Essential Utilities, Inc.	STOCK	29670G102	489,060	13,200	SH		SOLE		0	0	0
Evergy, Inc.	STOCK	30034W106	98,753	1,850	SH		SOLE		0	0	0
Eversource Energy	STOCK	30040W108	496,091	8,300	SH		SOLE		0	0	0
Exelon Corp.	STOCK	30161N101	462,111	12,300	SH		SOLE		0	0	0
FirstEnergy Corp.	STOCK	337932107	490,474	12,700	SH		SOLE		0	0	0
IDACORP, Inc.	STOCK	451107106	83,601	900	SH		SOLE		0	0	0
National Fuel Gas Co.	STOCK	636180101	45,662	850	SH		SOLE		0	0	0
NextEra Energy, Inc.	STOCK	65339F101	981,019	15,350	SH		SOLE		0	0	0
Nisource, Inc.	STOCK	65473P105	525,540	19,000	SH		SOLE		0	0	0
Northwest Natural Holdings Co.	STOCK	66765N105	70,718	1,900	SH		SOLE		0	0	0
NorthWestern Corp.	STOCK	668074305	50,930	1,000	SH		SOLE		0	0	0
PPL Corp.	STOCK	69351T106	612,543	22,250	SH		SOLE		0	0	0
Portland General Electric Co.	STOCK	736508847	94,500	2,250	SH		SOLE		0	0	0
Public Service Enterprise Group, Inc.	STOCK	744573106	691,173	10,350	SH		SOLE		0	0	0
Sempra Energy	STOCK	816851109	736,258	10,250	SH		SOLE		0	0	0
Southern Co./The	STOCK	842587107	233,155	3,250	SH		SOLE		0	0	0
Southwest Gas Corp.	STOCK	844895102	182,712	2,400	SH		SOLE		0	0	0
Vistra Energy Corp.	STOCK	92840M102	417,900	6,000	SH		SOLE		0	0	0
WEC Energy Group, Inc.	STOCK	92939U106	546,098	6,650	SH		SOLE		0	0	0
Waste Management, Inc.	STOCK	94106L109	53,288	250	SH		SOLE		0	0	0
Williams Cos, Inc./The	STOCK	969457100	97,425	2,500	SH		SOLE		0	0	0
Xcel Energy, Inc.	STOCK	98389B100	360,125	6,700	SH		SOLE		0	0	0
FIDELITY MSCI FINANCIALS INDX ETF	ETF	316092501	147,099	2,610	SH		SOLE		0	0	0
FIRST TR LRG CP GRW ALPHADEX ETF	ETF	33735K108	151,882	1,278	SH		SOLE		0	0	0
ISHARES IBOXX INVT GRADE BOND ETF	ETF	464287242	37,868	357	SH		SOLE		0	0	0
ISHARES 7-10 YEAR TRSURY BOND ETF	ETF	464287440	59,387	643	SH		SOLE		0	0	0
ISHARES CORE S&P MID CAP ETF	ETF	464287507	187,013	3,230	SH		SOLE		0	0	0
ISHARES 10-20 YEAR TSURY BOND ETF	ETF	464288653	35,967	357	SH		SOLE		0	0	0
ISHARES RUSSELL TOP 200 ETF	ETF	464289446	73,179	588	SH		SOLE		0	0	0
ISHARES MSCI USA MOMNTUM FCT ETF	ETF	46432F396	153,015	832	SH		SOLE		0	0	0
ISHARES CORE 1-5 YEAR USD BOND ETF	ETF	46432F859	63,407	1,350	SH		SOLE		0	0	0
SPDR PORTFOLIO TIPS ETF	ETF	78464A656	60,328	2,388	SH		SOLE		0	0	0
SPDR PORTFOLIO S&P 600 SMALL CAP ETF	ETF	78468R853	171,968	4,224	SH		SOLE		0	0	0
VANGUARD DIVIDEND APPRECIATION ETF	ETF	921908844	111,546	635	SH		SOLE		0	0	0
VANGUARD LONG TERM BOND ETF	ETF	921937793	36,023	519	SH		SOLE		0	0	0
VANGUARD HEALTH CARE ETF	ETF	92204A504	133,919	526	SH		SOLE		0	0	0
VANGUARD S&P 500 ETF	ETF	922908363	45,019	96	SH		SOLE		0	0	0