Beach Investment Counsel 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
AllianceBernstein Holdings, LP	COM	01881g106	450	13,325	SH		SOLE		0	0	13,325
CenterPoint Energy, Inc.	COM	15189t107	10,675	344,587	SH		SOLE		0	0	344,587
Clearway Energy Class A	COM	18539C105	124	5,480	SH		SOLE		0	0	5,480
Clearway Energy, Inc.	COM	18539c204	11,828	479,055	SH		SOLE		0	0	479,055
DTE Energy	COM	233331107	7,706	69,414	SH		SOLE		0	0	69,414
Deutsche Telekom AG ADR	COM	251566105	1,862	73,914	SH		SOLE		0	0	73,914
Duke Energy Company	COM	26441C204	50	500	SH		SOLE		0	0	500
E.ON SE ADR	COM	268780103	515	39,100	SH		SOLE		0	0	39,100
Enbridge Inc.	COM	29250n105	63	1,781	SH		SOLE		0	0	1,781
Energy Transfer LP	COM	29273V100	47,850	2,950,069	SH		SOLE		0	0	2,950,069
Engie SA ADR	COM	29286d105	2,061	144,650	SH		SOLE		0	0	144,650
Enterprise Prod Partners	COM	293792107	63,211	2,181,196	SH		SOLE		0	0	2,181,196
Evergy, Inc.	COM	30034w106	46	873	SH		SOLE		0	0	873
Exelon Corp.	COM	30161N101	24	695	SH		SOLE		0	0	695
HealthPeak Properties	COM	42250P103	969	49,445	SH		SOLE		0	0	49,445
Healthcare Realty	COM	42226K105	27,113	1,645,186	SH		SOLE		0	0	1,645,186
Iberdrola SA ADR	COM	450737101	817	15,625	SH		SOLE		0	0	15,625
Kennedy-Wilson Holdings Inc.	COM	489398107	5,451	560,758	SH		SOLE		0	0	560,758
Kinder Morgan Inc.	COM	49456b101	626	31,505	SH		SOLE		0	0	31,505
Kinetik Holdings Inc	COM	02215L209	27	641	SH		SOLE		0	0	641
MPLX LP	COM	55336v100	38,292	899,089	SH		SOLE		0	0	899,089
National Grid	COM	636274409	2,297	40,448	SH		SOLE		0	0	40,448
NextEra Energy Partners	COM	65341b106	33,462	1,210,619	SH		SOLE		0	0	1,210,619
NextEra Energy, Inc.	COM	65339F101	36,385	513,845	SH		SOLE		0	0	513,845
Oklahoma Gas & Electric	COM	670837103	3	82	SH		SOLE		0	0	82
Oneok Inc.	COM	682680103	611	7,495	SH		SOLE		0	0	7,495
PG&E Corp.	COM	69331C108	6,730	385,459	SH		SOLE		0	0	385,459
PPL Corporation	COM	69351t106	3,993	144,422	SH		SOLE		0	0	144,422
Plains All American Pipeline L	COM	726503105	9	500	SH		SOLE		0	0	500
Plains GP Holdings LP	COM	72651A207	2,280	121,128	SH		SOLE		0	0	121,128
PotlatchDeltic Corp.	COM	737630103	59	1,495	SH		SOLE		0	0	1,495
ProLogis Tr SBI	COM	74340W103	1,276	11,357	SH		SOLE		0	0	11,357
Rayonier	COM	754907103	23	800	SH		SOLE		0	0	800
SSE PLC ADR	COM	78467k107	85	3,700	SH		SOLE		0	0	3,700
STAG Industrial	COM	85254j102	195	5,400	SH		SOLE		0	0	5,400
Vodafone Group PLC	COM	92857w308	0	1	SH		SOLE		0	0	1
Weyerhaeuser	COM	962166104	4,393	154,725	SH		SOLE		0	0	154,725
Williams Companies Inc	COM	969457100	2,645	62,228	SH		SOLE		0	0	62,228
3M Company	COM	88579y101	209	2,046	SH		SOLE		0	0	2,046
AFLAC Incorporated	COM	001055102	94	1,050	SH		SOLE		0	0	1,050
Abbott Laboratories	COM	002824100	443	4,268	SH		SOLE		0	0	4,268
Accenture PLC	COM	g1151c101	91	300	SH		SOLE		0	0	300
Air Products	COM	009158106	271	1,050	SH		SOLE		0	0	1,050
Allstate Crop.	COM	020002101	80	500	SH		SOLE		0	0	500
Alphabet, Inc. Cl A	COM	02079k305	36,049	197,910	SH		SOLE		0	0	197,910
Alphabet, Inc. Cl C	COM	02079k107	4,566	24,895	SH		SOLE		0	0	24,895
Altria Group Inc.	COM	02209s103	0	10	SH		SOLE		0	0	10
Amazon.com Inc.	COM	023135106	38,397	198,691	SH		SOLE		0	0	198,691
American Express	COM	025816109	1,721	7,433	SH		SOLE		0	0	7,433
American Intl. Group	COM	026874784	530	7,142	SH		SOLE		0	0	7,142
Anheuser-Busch InBev SA/NV	COM	03524A108	1,984	34,210	SH		SOLE		0	0	34,210
Anheuser-Busch Inbev ADR	COM	03524A108	218	3,750	SH		SOLE		0	0	3,750
Apollo Global Management	COM	03769M106	18,838	159,548	SH		SOLE		0	0	159,548
Apple Computer	COM	037833100	16,203	76,930	SH		SOLE		0	0	76,930
Atlanta Braves Holdings-A	COM	047726104	5	130	SH		SOLE		0	0	130
Atlanta Braves Holdings-C	COM	047726302	11	285	SH		SOLE		0	0	285
Automatic Data Processing	COM	053015103	1,446	6,059	SH		SOLE		0	0	6,059
Avanos Medical Inc.	COM	05350V106	1	43	SH		SOLE		0	0	43
BAE Systems PLC Sponsored ADR	COM	05523r107	7,306	109,287	SH		SOLE		0	0	109,287
BNP Paribas ADR	COM	05565A202	607	18,900	SH		SOLE		0	0	18,900
Bank of America	COM	060505104	8,641	217,285	SH		SOLE		0	0	217,285
Barrick Gold Corp	COM	067901108	55	3,301	SH		SOLE		0	0	3,301
Becton Dickinson	COM	075887109	82	350	SH		SOLE		0	0	350
Bel Fuse Inc- Cl B	COM	077347300	25	378	SH		SOLE		0	0	378
Berkshire Hathaway A	COM	084670108	612	1	SH		SOLE		0	0	1
Berkshire Hathaway B	COM	084670702	3,343	8,217	SH		SOLE		0	0	8,217
Blackstone Inc.	COM	09260D107	4,792	38,706	SH		SOLE		0	0	38,706
Boeing Company	COM	097023105	314	1,724	SH		SOLE		0	0	1,724
Boston Scientific	COM	101137107	12,977	168,517	SH		SOLE		0	0	168,517
Boswell J G Co.	COM	101205102	169	300	SH		SOLE		0	0	300
Bristol Myers Squibb	COM	110122108	42	1,020	SH		SOLE		0	0	1,020
Brookfield Asset Management	COM	113004105	15	400	SH		SOLE		0	0	400
Brookfield Corp.	COM	11271J107	145	3,500	SH		SOLE		0	0	3,500
Brookfield Infrastructure Clas	COM	11275Q107	396	11,758	SH		SOLE		0	0	11,758
Brookfield Infrastructure Part	COM	G16252101	2,904	105,823	SH		SOLE		0	0	105,823
Brookfield Renewable Corp.	COM	11284V105	46	1,612	SH		SOLE		0	0	1,612
Brown-Forman	COM	115637209	17	400	SH		SOLE		0	0	400
CRH plc ADR	COM	G25508105	13,515	180,246	SH		SOLE		0	0	180,246
CSX Corp.	COM	126408103	7	210	SH		SOLE		0	0	210
CVS Health Corp	COM	126650100	582	9,862	SH		SOLE		0	0	9,862
Capital One Financial	COM	14040H105	97	700	SH		SOLE		0	0	700
Carrier Global	COM	14448C104	156	2,478	SH		SOLE		0	0	2,478
Caterpillar	COM	149123101	5,579	16,748	SH		SOLE		0	0	16,748
Centene Corp	COM	15135B101	134	2,024	SH		SOLE		0	0	2,024
Century Communities, Inc.	COM	156504300	1,494	18,296	SH		SOLE		0	0	18,296
Charles Schwab	COM	808513105	551	7,478	SH		SOLE		0	0	7,478
Charter Communications, Inc.	COM	16119P108	50	167	SH		SOLE		0	0	167
Cheniere Energy Inc	COM	16411R208	7,212	41,253	SH		SOLE		0	0	41,253
Chevron	COM	166764100	1,196	7,649	SH		SOLE		0	0	7,649
Chubb Ltd.	COM	H1467J104	873	3,422	SH		SOLE		0	0	3,422
Cisco Systems	COM	17275R102	2,015	42,418	SH		SOLE		0	0	42,418
Citigroup	COM	172967424	15,820	249,288	SH		SOLE		0	0	249,288
Coca Cola Co.	COM	191216100	19,624	308,315	SH		SOLE		0	0	308,315
Cognizant Technology Solutions	COM	192446102	68	1,000	SH		SOLE		0	0	1,000
Colgate Palmolive	COM	194162103	126	1,300	SH		SOLE		0	0	1,300
Comcast Cl A	COM	20030N101	138	3,512	SH		SOLE		0	0	3,512
ConocoPhillips	COM	20825C104	149	1,304	SH		SOLE		0	0	1,304
Constellation Brands	COM	21036P108	154	600	SH		SOLE		0	0	600
Constellation Energy	COM	21037T109	25	125	SH		SOLE		0	0	125
Corning	COM	219350105	229	5,900	SH		SOLE		0	0	5,900
Corteva	COM	22052L104	7	133	SH		SOLE		0	0	133
Costco Wholesale	COM	22160K105	2,813	3,310	SH		SOLE		0	0	3,310
Crown Holdings Inc .	COM	228368106	318	4,275	SH		SOLE		0	0	4,275
Cummins Inc.	COM	231021106	284	1,026	SH		SOLE		0	0	1,026
Deere & Co.	COM	244199105	763	2,041	SH		SOLE		0	0	2,041
Dentsply Sirona	COM	24906P109	395	15,850	SH		SOLE		0	0	15,850
Deutsche Post DHL Group ADR	COM	25157y202	1,220	30,023	SH		SOLE		0	0	30,023
Diageo PLC Spon ADR	COM	25243q205	99	783	SH		SOLE		0	0	783
Dover Corp.	COM	260003108	122	675	SH		SOLE		0	0	675
Dow, Inc.	COM	260557103	7	133	SH		SOLE		0	0	133
E-Bay	COM	278642103	19	350	SH		SOLE		0	0	350
Eli Lilly	COM	532457108	3,468	3,830	SH		SOLE		0	0	3,830
Embecta Corp.	COM	29082k105	1	70	SH		SOLE		0	0	70
Emerson Electric Co.	COM	291011104	5,835	52,965	SH		SOLE		0	0	52,965
Estee Lauder	COM	518439104	43	400	SH		SOLE		0	0	400
Exxon Mobil	COM	30231G102	1,353	11,755	SH		SOLE		0	0	11,755
Fedex	COM	31428x106	4,290	14,308	SH		SOLE		0	0	14,308
Fomento Economico Mexicano SA	COM	344419106	705	6,550	SH		SOLE		0	0	6,550
Freeport McMoran Inc.	COM	35671D857	2,830	58,230	SH		SOLE		0	0	58,230
GE Aerospace	COM	369604301	349	2,194	SH		SOLE		0	0	2,194
GE Healthcare LLC	COM	36266G107	57	726	SH		SOLE		0	0	726
GE Vernova Inc	COM	36828A101	93	544	SH		SOLE		0	0	544
General Mills	COM	370334104	70	1,100	SH		SOLE		0	0	1,100
Genuine Parts	COM	372460105	433	3,130	SH		SOLE		0	0	3,130
Goldman Sachs JUST	COM	381430396	219	2,800	SH		SOLE		0	0	2,800
Goodyear Tire & Rubber Co.	COM	382550101	40	3,553	SH		SOLE		0	0	3,553
Hain Celestial Group	COM	405217100	7	1,000	SH		SOLE		0	0	1,000
Henry Schein	COM	806407102	37	580	SH		SOLE		0	0	580
Home Depot	COM	437076102	95	275	SH		SOLE		0	0	275
Howard Hughes Holdings	COM	44267T102	7,679	118,459	SH		SOLE		0	0	118,459
IBM	COM	459200101	639	3,696	SH		SOLE		0	0	3,696
Illinois Tool Works	COM	452308109	264	1,115	SH		SOLE		0	0	1,115
Intel Corp.	COM	458140100	341	11,004	SH		SOLE		0	0	11,004
J.P. Morgan Chase	COM	46625h100	18,972	93,802	SH		SOLE		0	0	93,802
Johnson & Johnson	COM	478160104	5,973	40,868	SH		SOLE		0	0	40,868
KKR & Co. Inc.	COM	48251W104	6,672	63,400	SH		SOLE		0	0	63,400
Kimberly Clark	COM	494368103	640	4,634	SH		SOLE		0	0	4,634
Knowles Corp.	COM	49926D109	2	87	SH		SOLE		0	0	87
Kraft Heinz Co.	COM	500754106	14	433	SH		SOLE		0	0	433
Kyndryl Holdings	COM	50155Q100	9	358	SH		SOLE		0	0	358
Leidos Holdings Inc.	COM	525327102	659	4,520	SH		SOLE		0	0	4,520
Liberty Broadband A	COM	530307107	18	329	SH		SOLE		0	0	329
Liberty Broadband C	COM	530307305	36	663	SH		SOLE		0	0	663
Liberty Formula One Series A	COM	531229771	21	329	SH		SOLE		0	0	329
Liberty Formula One Series C	COM	531229755	48	663	SH		SOLE		0	0	663
Liberty Live Series A	COM	531229748	13	340	SH		SOLE		0	0	340
Liberty Live Series C	COM	531229722	30	772	SH		SOLE		0	0	772
Liberty SiriusXM Series A	COM	531229813	30	1,334	SH		SOLE		0	0	1,334
Liberty SiriusXM Series C	COM	531229789	67	3,009	SH		SOLE		0	0	3,009
Linde PLC	COM	G54950103	549	1,250	SH		SOLE		0	0	1,250
M&T Bank Corp	COM	55261F104	23	152	SH		SOLE		0	0	152
MFC Ishares TR MSCI EAFE Index	COM	464287465	35	441	SH		SOLE		0	0	441
MFC Ishares TR MSCI Emerging M	COM	464287234	5	120	SH		SOLE		0	0	120
Markel Corp.	COM	570535104	180	114	SH		SOLE		0	0	114
Marsh & McLennan	COM	571748102	74	350	SH		SOLE		0	0	350
MasterCard Inc.	COM	57636q104	13,496	30,593	SH		SOLE		0	0	30,593
McDonald's Corp.	COM	580135101	417	1,635	SH		SOLE		0	0	1,635
McKesson	COM	58155Q103	234	400	SH		SOLE		0	0	400
Medtronic	COM	G5960L103	2,051	26,060	SH		SOLE		0	0	26,060
Merck	COM	58933y105	5,209	42,073	SH		SOLE		0	0	42,073
MetLife	COM	59156R108	442	6,300	SH		SOLE		0	0	6,300
Meta Platforms, Inc.	COM	30303M102	16,682	33,085	SH		SOLE		0	0	33,085
Microsoft	COM	594918104	24,347	54,473	SH		SOLE		0	0	54,473
Mondelez International Inc.	COM	609207105	9,784	149,513	SH		SOLE		0	0	149,513
Morningstar Inc.	COM	617700109	118	400	SH		SOLE		0	0	400
NRG Energy	COM	629377508	187	2,400	SH		SOLE		0	0	2,400
Nestle Spons ADR	COM	641069406	12,053	117,649	SH		SOLE		0	0	117,649
Newmont Corporation	COM	651639106	138	3,293	SH		SOLE		0	0	3,293
Novartis	COM	66987V109	3,638	34,172	SH		SOLE		0	0	34,172
Nvidia Corporation	COM	67066G104	4,003	32,400	SH		SOLE		0	0	32,400
Oracle	COM	68389X105	946	6,700	SH		SOLE		0	0	6,700
Otis Worldwide	COM	68902V107	67	691	SH		SOLE		0	0	691
PNC Bank Corp.	COM	693475105	5,678	36,517	SH		SOLE		0	0	36,517
PayPal Holdings	COM	70450y103	20	350	SH		SOLE		0	0	350
Pepsico	COM	713448108	2,811	17,045	SH		SOLE		0	0	17,045
Perrigo Co. PLC	COM	g97822103	72	2,793	SH		SOLE		0	0	2,793
Pfizer	COM	717081103	1,244	44,473	SH		SOLE		0	0	44,473
Philip Morris	COM	718172109	101	1,000	SH		SOLE		0	0	1,000
Phillips 66	COM	718546104	234	1,660	SH		SOLE		0	0	1,660
Pioche-Ely Valley Mines	COM	72352m104	0	1,437	SH		SOLE		0	0	1,437
Procter & Gamble	COM	742718109	4,138	25,093	SH		SOLE		0	0	25,093
Prudential Financial Inc	COM	744320102	258	2,200	SH		SOLE		0	0	2,200
Raytheon Technologies	COM	75513E101	897	8,935	SH		SOLE		0	0	8,935
Roche Holding AG	COM	771195104	2,435	70,240	SH		SOLE		0	0	70,240
S&P Global Inc.	COM	78409V104	714	1,600	SH		SOLE		0	0	1,600
SEI Investments Co.	COM	784117103	5	70	SH		SOLE		0	0	70
SPDR S&P 500 ETF	COM	78462F103	7,298	13,410	SH		SOLE		0	0	13,410
SPDR S&P Midcap 400 EFT	COM	78467y107	412	770	SH		SOLE		0	0	770
Sandoz ADR	COM	799926100	219	6,046	SH		SOLE		0	0	6,046
Schlumberger	COM	806857108	42	892	SH		SOLE		0	0	892
Shell PLC ADR	COM	780259305	8,969	124,257	SH		SOLE		0	0	124,257
Siemens AG ADR	COM	826197501	2,319	24,871	SH		SOLE		0	0	24,871
Solventum	COM	83444M101	27	510	SH		SOLE		0	0	510
Southwest Airlines	COM	844741108	140	4,904	SH		SOLE		0	0	4,904
Spotify Technology	COM	l8681t102	211	673	SH		SOLE		0	0	673
State Street Corp	COM	857477103	401	5,418	SH		SOLE		0	0	5,418
Stryker Corp	COM	863667101	459	1,350	SH		SOLE		0	0	1,350
Sysco	COM	871829107	1,308	18,320	SH		SOLE		0	0	18,320
T. Rowe Price Group	COM	74144T108	46	400	SH		SOLE		0	0	400
Target	COM	87612E106	119	807	SH		SOLE		0	0	807
Technology Select Sector SPDR	COM	81369Y803	23	100	SH		SOLE		0	0	100
Tesla, Inc.	COM	88160r101	9	45	SH		SOLE		0	0	45
Teva Pharmaceutical	COM	881624209	48	2,936	SH		SOLE		0	0	2,936
Texas Instruments	COM	882508104	78	400	SH		SOLE		0	0	400
Thermo Fisher Scientific	COM	883556102	4,006	7,245	SH		SOLE		0	0	7,245
TotalEnergies SE Sponsored ADR	COM	89151e109	50	749	SH		SOLE		0	0	749
Toyota Motor Corp.	COM	892331307	61	300	SH		SOLE		0	0	300
UBS Group AG	COM	H42097107	2,386	80,756	SH		SOLE		0	0	80,756
US Bancorp	COM	902973304	67	1,700	SH		SOLE		0	0	1,700
Uber Technologies, Inc.	COM	90353t100	400	5,500	SH		SOLE		0	0	5,500
Unilever PLC	COM	904767704	2,537	46,141	SH		SOLE		0	0	46,141
Union Pacific	COM	907818108	1,815	8,021	SH		SOLE		0	0	8,021
United Parcel Service Inc.	COM	911312106	24	174	SH		SOLE		0	0	174
UnitedHealth Group	COM	91324P102	153	300	SH		SOLE		0	0	300
Veolia Environnement ADR	COM	92334N103	1,076	71,850	SH		SOLE		0	0	71,850
Viatris	COM	92556v106	34	3,200	SH		SOLE		0	0	3,200
Vicor Corporation	COM	925815102	0	5	SH		SOLE		0	0	5
Visa	COM	92826c839	11,299	43,050	SH		SOLE		0	0	43,050
Vistra Energy Corp	COM	92840m102	31,168	362,502	SH		SOLE		0	0	362,502
W. W. Grainger	COM	384802104	765	848	SH		SOLE		0	0	848
Wal-Mart Stores	COM	931142103	169	2,499	SH		SOLE		0	0	2,499
Walt Disney	COM	254687106	1,909	19,223	SH		SOLE		0	0	19,223
Warner Bros. Discovery A	COM	934423104	18	2,408	SH		SOLE		0	0	2,408
Wells Fargo	COM	949746101	311	5,233	SH		SOLE		0	0	5,233
Western Un Co.	COM	959802109	15	1,200	SH		SOLE		0	0	1,200
Zimmer Biomet	COM	98956P102	54	493	SH		SOLE		0	0	493
duPont	COM	26614N102	11	133	SH		SOLE		0	0	133
iShares Core S&P 500	COM	464287200	96	175	SH		SOLE		0	0	175
iShares Russell 1000 Growth ET	COM	464287614	492	1,350	SH		SOLE		0	0	1,350
iShares Russell 1000 Value ETF	COM	464287598	174	1,000	SH		SOLE		0	0	1,000
iShares Russell 2000 ETF	COM	464287655	71	350	SH		SOLE		0	0	350
iShares Russell 2000 Value ETF	COM	464287630	317	2,080	SH		SOLE		0	0	2,080
iShares US Technology	COM	464287721	1,475	9,800	SH		SOLE		0	0	9,800