13F HOLDINGS REPORT

Oxbow Advisors, LLC

Quarter ended Q2 2025 · Filed July 29, 2025 · Accession 0001667731-25-000996

Total Value

$915.0M

Positions

209

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (209)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	RBB FD INC	74933W452	2,060,435	$103.0M	11.26%
2	ISHARES GOLD TR	IAU	946,228	$59.0M	6.45%
3	ENTERPRISE PRODS PARTNERS L	293792107	1,342,274	$41.6M	4.55%
4	MICROSOFT CORP	MSFT	82,659	$41.1M	4.49%
5	APPLE INC	AAPL	131,800	$27.0M	2.96%
6	ALPHABET INC	GOOG	141,941	$25.2M	2.75%
7	MPLX LP	MPLXP	402,509	$20.7M	2.27%
8	AGNICO EAGLE MINES LTD	AEM	171,790	$20.4M	2.23%
9	MOODYS CORP	MCO	32,311	$16.2M	1.77%
10	BOEING CO	BA-PA	225,586	$15.3M	1.68%
11	ROYAL GOLD INC	RGLD	86,097	$15.3M	1.67%
12	ISHARES TR	46434V860	301,759	$15.3M	1.67%
13	CONOCOPHILLIPS	COP	164,364	$14.8M	1.61%
14	MASTERCARD INCORPORATED	MA	23,905	$13.4M	1.47%
15	VISA INC	V	37,690	$13.4M	1.46%
16	PAN AMERN SILVER CORP	697900108	449,985	$12.8M	1.40%
17	ETF SER SOLUTIONS	26922A321	220,693	$12.2M	1.34%
18	CHEVRON CORP NEW	CVX	83,976	$12.0M	1.31%
19	EXXON MOBIL CORP	XOM	91,358	$9.8M	1.08%
20	ADOBE INC	ADBE	23,071	$8.9M	0.98%
21	ENERGY TRANSFER L P	ET-PI	491,544	$8.9M	0.97%
22	ALPS ETF TR	00162Q452	181,556	$8.9M	0.97%
23	SERVICENOW INC	NOW	8,611	$8.9M	0.97%
24	UNILEVER PLC	UNLYF	135,606	$8.3M	0.91%
25	UGI CORP NEW	902681105	225,132	$8.2M	0.90%
26	APA CORPORATION	APA	430,639	$7.9M	0.86%
27	MCDONALDS CORP	MCD	25,313	$7.4M	0.81%
28	RESMED INC	RSMDF	27,286	$7.0M	0.77%
29	NEW GOLD INC CDA	644535106	1,422,056	$7.0M	0.77%
30	MATADOR RES CO	MTDR	143,084	$6.8M	0.75%
31	JOHNSON & JOHNSON	JNJ	44,663	$6.8M	0.75%
32	THE CIGNA GROUP	125523100	20,153	$6.7M	0.73%
33	KIMBERLY-CLARK CORP	KMB	51,544	$6.6M	0.73%
34	ISHARES SILVER TR	SLV	201,092	$6.6M	0.72%
35	LINCOLN NATL CORP IND	534187109	190,472	$6.6M	0.72%
36	TORTOISE CAPITAL SERIES TRUS	890930308	182,470	$6.5M	0.71%
37	EXPEDIA GROUP INC	EXPE	38,300	$6.5M	0.71%
38	PLAINS GP HLDGS L P	PAGP	329,794	$6.4M	0.70%
39	FRONTLINE PLC	FRO	390,459	$6.4M	0.70%
40	MOSAIC CO NEW	MOS	175,449	$6.4M	0.70%
41	NORTHERN OIL & GAS INC	NOG	217,931	$6.2M	0.68%
42	BOOKING HOLDINGS INC	BKNG	1,063	$6.2M	0.67%
43	MASCO CORP	MAS	95,360	$6.1M	0.67%
44	NUTRIEN LTD	NTR	104,954	$6.1M	0.67%
45	CHENIERE ENERGY INC	LNG	24,917	$6.1M	0.66%
46	METTLER TOLEDO INTERNATIONAL	MTD	5,124	$6.0M	0.66%
47	OREILLY AUTOMOTIVE INC	67103H107	66,315	$6.0M	0.65%
48	LOWES COS INC	548661107	25,751	$5.7M	0.62%
49	EOG RES INC	EOG	46,284	$5.5M	0.61%
50	KINDER MORGAN INC DEL	EP-PC	187,591	$5.5M	0.60%
51	SPDR GOLD TR	GLD	17,410	$5.3M	0.58%
52	WHEATON PRECIOUS METALS CORP	WPM	57,201	$5.1M	0.56%
53	ELEVANCE HEALTH INC	ELV	12,506	$4.9M	0.53%
54	VALE S A	VALE	498,365	$4.8M	0.53%
55	GALLAGHER ARTHUR J & CO	363576109	14,424	$4.6M	0.50%
56	ZOETIS INC	ZTS	28,801	$4.5M	0.49%
57	INVESCO EXCHANGE TRADED FD T	IVZ	24,346	$4.4M	0.48%
58	VANECK ETF TRUST	92189F106	84,540	$4.4M	0.48%
59	VICI PPTYS INC	925652109	134,847	$4.4M	0.48%
60	ABBVIE INC	ABBV	22,987	$4.3M	0.47%
61	VERISIGN INC	VRSN	14,747	$4.3M	0.47%
62	TEEKAY TANKERS LTD	TNK	97,654	$4.1M	0.45%
63	ARCH CAP GROUP LTD	G0450A105	44,582	$4.1M	0.44%
64	MCKESSON CORP	MCK	5,427	$4.0M	0.43%
65	SUNCOR ENERGY INC NEW	SU	104,700	$3.9M	0.43%
66	RIO TINTO PLC	RTNTF	63,988	$3.7M	0.41%
67	CORTEVA INC	CTVA	49,710	$3.7M	0.40%
68	BLACKSTONE INC	BX	24,392	$3.6M	0.40%
69	NOVARTIS AG	NVSEF	28,619	$3.5M	0.38%
70	AMERICAN ELEC PWR CO INC	025537101	33,116	$3.4M	0.38%
71	YUM BRANDS INC	YUM	22,444	$3.3M	0.36%
72	EVERGY INC	EVRG	47,066	$3.2M	0.35%
73	AMGEN INC	AMGN	11,164	$3.1M	0.34%
74	OTIS WORLDWIDE CORP	OTIS	30,532	$3.0M	0.33%
75	GENERAL MLS INC	370334104	58,239	$3.0M	0.33%
76	CATERPILLAR INC	CAT	7,768	$3.0M	0.33%
77	WILLIAMS COS INC	969457100	46,896	$2.9M	0.32%
78	MEDPACE HLDGS INC	MEDP	9,188	$2.9M	0.32%
79	COLGATE PALMOLIVE CO	CL	31,719	$2.9M	0.32%
80	WALMART INC	WMT	28,660	$2.8M	0.31%
81	BROADCOM INC	AVGO	10,125	$2.8M	0.31%
82	ASTRAZENECA PLC	AZN	39,551	$2.8M	0.30%
83	LOCKHEED MARTIN CORP	LMT	5,957	$2.8M	0.30%
84	CLEARBRIDGE ENERGY MIDSTRM O	18469P209	51,805	$2.5M	0.27%
85	INVESCO QQQ TR	IVZ	4,212	$2.3M	0.25%
86	VANGUARD INDEX FDS	922908769	7,630	$2.3M	0.25%
87	SPDR S&P 500 ETF TR	SPY	3,718	$2.3M	0.25%
88	COSTCO WHSL CORP NEW	22160K105	2,319	$2.3M	0.25%
89	NVIDIA CORPORATION	NVDA	13,688	$2.2M	0.24%
90	J P MORGAN EXCHANGE TRADED F	46641Q837	41,317	$2.1M	0.23%
91	PLAINS ALL AMERN PIPELINE L	726503105	113,932	$2.1M	0.23%
92	VANGUARD INDEX FDS	922908363	3,647	$2.1M	0.23%
93	ISHARES TR	464287168	15,392	$2.0M	0.22%
94	AUTOMATIC DATA PROCESSING IN	ADP	6,112	$1.9M	0.21%
95	AMAZON COM INC	AMZN	8,560	$1.9M	0.21%
96	WASTE MGMT INC DEL	94106L109	8,183	$1.9M	0.20%
97	VANECK ETF TRUST	92189F791	25,408	$1.7M	0.19%
98	PROCTER AND GAMBLE CO	742718109	10,241	$1.6M	0.18%
99	JACKSON FINANCIAL INC	JXN-PA	18,068	$1.6M	0.18%
100	ALAMOS GOLD INC NEW	AGI	58,474	$1.6M	0.17%
101	ALPHABET INC	GOOG	8,425	$1.5M	0.16%
102	VANGUARD WORLD FD	921910816	3,920	$1.4M	0.16%
103	BERKSHIRE HATHAWAY INC DEL	BRK-A	2,933	$1.4M	0.16%
104	VENTAS INC	VTR	21,850	$1.4M	0.15%
105	INTERNATIONAL BUSINESS MACHS	INTR	4,458	$1.3M	0.14%
106	PEPSICO INC	PEP	9,944	$1.3M	0.14%
107	KROGER CO	KR	17,614	$1.3M	0.14%
108	MOTOROLA SOLUTIONS INC	MSI	2,805	$1.2M	0.13%
109	ABBOTT LABS	ABLZF	8,125	$1.1M	0.12%
110	VANGUARD INDEX FDS	922908751	4,606	$1.1M	0.12%
111	SPROTT PHYSICAL GOLD TR	SII	39,510	$1.0M	0.11%
112	PINNACLE FINL PARTNERS INC	72346Q104	8,750	$966,088	0.11%
113	ANGLOGOLD ASHANTI PLC	AU	20,917	$953,188	0.10%
114	GOLD FIELDS LTD	GFIOF	38,675	$915,437	0.10%
115	VANGUARD INDEX FDS	922908629	3,205	$896,855	0.10%
116	NETFLIX INC	NFLX	669	$895,878	0.10%
117	ONEOK INC NEW	OKE	10,723	$875,303	0.10%
118	HOME DEPOT INC	HD	2,375	$870,599	0.10%
119	ETF SER SOLUTIONS	26922B667	26,494	$861,592	0.09%
120	STELLAR BANCORP INC	STEL	30,464	$852,383	0.09%
121	GRAYSCALE BITCOIN TRUST ETF	GBTC	10,000	$848,300	0.09%
122	BARRICK MNG CORP	06849F108	37,356	$777,745	0.09%
123	ISHARES TR	464287457	9,337	$773,678	0.08%
124	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$728,800	0.08%
125	SYSCO CORP	SYY	9,600	$727,104	0.08%
126	MGIC INVT CORP WIS	552848103	25,000	$696,000	0.08%
127	ISHARES TR	464287689	1,929	$677,079	0.07%
128	TC ENERGY CORP	TRPRF	12,881	$628,464	0.07%
129	REPUBLIC SVCS INC	760759100	2,381	$587,178	0.06%
130	ORACLE CORP	ORCL-PD	2,598	$568,001	0.06%
131	SUNOCO LP/SUNOCO FIN CORP	SUN	10,595	$567,786	0.06%
132	ELI LILLY & CO	LLY	727	$566,452	0.06%
133	AMERICAN EXPRESS CO	AXP	1,704	$543,696	0.06%
134	VANGUARD WELLINGTON FD	921935870	5,357	$540,682	0.06%
135	VITESSE ENERGY INC	VTS	24,084	$532,016	0.06%
136	CISCO SYS INC	CSCO	7,654	$531,054	0.06%
137	NUVEEN AMT FREE MUN CR INC F	NU	43,535	$519,373	0.06%
138	BANK AMERICA CORP	060505104	10,947	$518,005	0.06%
139	GRAINGER W W INC	384802104	490	$509,718	0.06%
140	TEXAS PACIFIC LAND CORPORATI	TPL	477	$504,128	0.06%
141	JPMORGAN CHASE & CO.	VYLD	1,685	$488,572	0.05%
142	ABRDN ASIA PACIFIC INCOME FU	ABAKF	30,509	$485,703	0.05%
143	CLOROX CO DEL	CLX	3,911	$469,634	0.05%
144	EXPAND ENERGY CORPORATION	EXE	3,917	$458,054	0.05%
145	VANGUARD INDEX FDS	922908736	1,042	$456,813	0.05%
146	SSR MINING IN	SSRGF	35,230	$449,794	0.05%
147	META PLATFORMS INC	META	605	$446,647	0.05%
148	3M CO	MMM	2,828	$430,535	0.05%
149	WELLS FARGO CO NEW	949746804	366	$429,894	0.05%
150	ISHARES TR	464287481	3,080	$427,129	0.05%
151	VANGUARD INDEX FDS	922908512	2,507	$412,301	0.05%
152	BANK AMERICA CORP	060505682	339	$411,362	0.04%
153	SPROTT PHYSICAL SILVER TR	SII	33,204	$406,417	0.04%
154	GAMCO GLOBAL GOLD NAT RES &	36465A109	91,750	$402,783	0.04%
155	SPROTT PHYSICAL GOLD & SILVE	SII	13,306	$400,504	0.04%
156	SITIO ROYALTIES CORP	82983N108	21,702	$398,890	0.04%
157	SCHWAB STRATEGIC TR	808524797	15,005	$397,625	0.04%
158	DIMENSIONAL ETF TRUST	25434V708	10,907	$390,906	0.04%
159	HONEYWELL INTL INC	438516106	1,599	$372,412	0.04%
160	VANGUARD SCOTTSDALE FDS	92206C730	1,306	$366,803	0.04%
161	EQT CORP	EQT	6,258	$364,991	0.04%
162	DUPONT DE NEMOURS INC	DD	5,269	$361,401	0.04%
163	MARATHON PETE CORP	MARA	2,172	$360,853	0.04%
164	VANGUARD INDEX FDS	922908637	1,249	$356,340	0.04%
165	DUKE ENERGY CORP NEW	DUKB	2,649	$312,582	0.03%
166	NEWMONT CORP	NEMCL	5,310	$309,361	0.03%
167	TJX COS INC NEW	872540109	2,458	$303,538	0.03%
168	KINROSS GOLD CORP	KGCRF	19,315	$301,893	0.03%
169	PHILIP MORRIS INTL INC	718172109	1,657	$301,789	0.03%
170	ALLIANT ENERGY CORP	LNT	4,916	$297,271	0.03%
171	OCCIDENTAL PETE CORP	674599105	7,045	$295,960	0.03%
172	FIRST MAJESTIC SILVER CORP	AG	34,275	$283,457	0.03%
173	MERCADOLIBRE INC	MELI	108	$282,272	0.03%
174	INVESCO EXCH TRADED FD TR II	IVZ	25,131	$279,711	0.03%
175	PROSHARES TR	74349Y753	7,047	$279,625	0.03%
176	PUBLIC STORAGE OPER CO	PSA-PS	943	$276,695	0.03%
177	FREEPORT-MCMORAN INC	FCX	6,377	$276,443	0.03%
178	B2GOLD CORP	BTG	76,485	$276,111	0.03%
179	SPDR SERIES TRUST	78464A755	4,075	$273,922	0.03%
180	SABINE RTY TR	785688102	4,091	$271,847	0.03%
181	WEC ENERGY GROUP INC	WEC	2,553	$266,023	0.03%
182	COCA COLA CONS INC	COKE	2,380	$265,727	0.03%
183	ISHARES TR	464287200	426	$264,503	0.03%
184	ISHARES TR	46435U853	6,960	$261,070	0.03%
185	SPDR SERIES TRUST	78468R408	10,177	$259,310	0.03%
186	SPDR SERIES TRUST	78468R606	10,866	$258,608	0.03%
187	VIZSLA SILVER CORP	VZLA	86,120	$253,193	0.03%
188	ISHARES TR	464287432	2,860	$252,395	0.03%
189	GAMCO NAT RES GOLD & INCOME	36465E101	38,450	$241,851	0.03%
190	VALERO ENERGY CORP	VLO	1,792	$240,881	0.03%
191	PROSHARES TR	74348A467	2,349	$236,569	0.03%
192	GE AEROSPACE	369604301	914	$235,254	0.03%
193	ISHARES TR	464287614	549	$232,970	0.03%
194	CVR PARTNERS LP	UAN	2,600	$230,984	0.03%
195	ARROWMARK FINANCIAL CORP	BANX	10,990	$230,021	0.03%
196	SHERWIN WILLIAMS CO	SHW	660	$226,618	0.02%
197	EASTGROUP PPTYS INC	277276101	1,350	$225,612	0.02%
198	ISHARES TR	464288661	1,892	$225,367	0.02%
199	ISHARES TR	464288687	6,855	$210,311	0.02%
200	SUBURBAN PROPANE PARTNERS L	SPH	11,263	$208,703	0.02%
201	TARGA RES CORP	TRGP	1,162	$202,281	0.02%
202	CALAMOS CONV & HIGH INCOME F	12811P108	17,500	$192,325	0.02%
203	ADVENT CONV & INCOME FD	00764C109	14,035	$169,964	0.02%
204	ABRDN INCOME CREDIT STRATEGI	ACP-PA	27,604	$162,864	0.02%
205	ABRDN TOTAL DYNAMIC DIVIDEND	AOD	15,930	$141,140	0.02%
206	EATON VANCE SR FLTNG RTE TR	ETN	11,600	$140,592	0.02%
207	NUVEEN MUN VALUE FD INC	NU	14,839	$128,951	0.01%
208	HECLA MNG CO	422704106	19,313	$115,685	0.01%
209	EQUINOX GOLD CORP	EQX	19,455	$111,866	0.01%