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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMAZON COM INC COM 023135106   206,230 1,582 SH   SOLE   1,582 0 0
Apple Inc. COM 037833100   17,611,421 90,795 SH   SOLE   66,654 0 24,141
Apple Inc. COM 037833100   778,208 4,012 SH   OTR 1 4,012 0 0
Applied Materials COM 038222105   22,799,445 157,738 SH   SOLE   122,729 0 35,009
Applied Materials COM 038222105   929,826 6,433 SH   OTR 1 6,433 0 0
AT&T Inc. COM 00206R102   17,035,566 1,068,061 SH   SOLE   827,352 0 240,708
AT&T Inc. COM 00206R102   771,262 48,355 SH   OTR 1 48,355 0 0
Bunge LTD COM G16962105   35,538,801 376,670 SH   SOLE   295,322 0 81,348
Bunge LTD COM G16962105   1,227,493 13,010 SH   OTR 1 13,010 0 0
Chevron Corporation COM 166764100   9,940,039 63,172 SH   SOLE   51,696 0 11,476
Chevron Corporation COM 166764100   299,752 1,905 SH   OTR 1 1,905 0 0
Cisco Systems Inc COM 17275R102   32,396,939 626,149 SH   SOLE   501,476 0 124,673
Cisco Systems Inc COM 17275R102   1,117,584 21,600 SH   OTR 1 21,600 0 0
eBay Inc COM 278642103   13,959,974 312,374 SH   SOLE   247,773 0 64,600
eBay Inc COM 278642103   592,142 13,250 SH   OTR 1 13,250 0 0
Electronic Arts Inc COM 285512109   6,094,781 46,991 SH   SOLE   33,622 0 13,370
Electronic Arts Inc COM 285512109   338,906 2,613 SH   OTR 1 2,613 0 0
Exxon Mobil COM 30231G102   290,083 2,705 SH   SOLE   2,702 0 3
Freeport-McMoran Inc COM 35671D857   9,241,984 231,050 SH   SOLE   173,801 0 57,249
Freeport-McMoran Inc COM 35671D857   562,400 14,060 SH   OTR 1 14,060 0 0
Hess Corporation COM 42809h107   5,813,713 42,764 SH   SOLE   31,961 0 10,803
Hess Corporation COM 42809h107   324,513 2,387 SH   OTR 1 2,387 0 0
Home Depot Inc COM 437076102   14,633,025 47,106 SH   SOLE   36,712 0 10,394
Home Depot Inc COM 437076102   572,820 1,844 SH   OTR 1 1,844 0 0
Intel Corp COM 458140100   3,986,316 119,208 SH   SOLE   83,886 0 35,322
Intel Corp COM 458140100   264,009 7,895 SH   OTR 1 7,895 0 0
ISHARES TR RUSSELL 2000 RUSSEL COM 464287630   211,200 1,500 SH   SOLE   1,500 0 0
Johnson & Johnson COM 478160104   26,529,159 160,278 SH   SOLE   124,822 0 35,456
Johnson & Johnson COM 478160104   579,320 3,500 SH   OTR 1 3,500 0 0
Knife River Corporation COM 498894104   5,989,036 137,679 SH   SOLE   110,017 0 27,662
Knife River Corporation COM 498894104   273,180 6,280 SH   OTR 1 6,280 0 0
Kratos Defense & Security COM 50077B207   13,742,567 958,338 SH   SOLE   697,344 0 260,994
Kratos Defense & Security COM 50077B207   767,190 53,500 SH   OTR 1 53,500 0 0
MDU Resources Group, Inc. COM 552690109   16,483,808 787,192 SH   SOLE   604,132 0 183,060
MDU Resources Group, Inc. COM 552690109   724,587 34,603 SH   OTR 1 34,603 0 0
Medtronic PLC COM G5960L103   16,693,665 189,485 SH   SOLE   147,461 0 42,025
Medtronic PLC COM G5960L103   731,142 8,299 SH   OTR 1 8,299 0 0
Meta Platforms, Inc. COM 30303M102   16,301,971 56,805 SH   SOLE   40,328 0 16,477
Meta Platforms, Inc. COM 30303M102   668,376 2,329 SH   OTR 1 2,329 0 0
Micron Technology Inc COM 595112103   21,325,736 337,914 SH   SOLE   272,435 0 65,478
Micron Technology Inc COM 595112103   732,013 11,599 SH   OTR 1 11,599 0 0
Microsoft COM 594918104   41,839,709 122,863 SH   SOLE   98,795 0 24,068
Microsoft COM 594918104   1,511,998 4,440 SH   OTR 1 4,440 0 0
National Fuel Gas Company COM 636180101   22,148,495 431,240 SH   SOLE   339,626 0 91,614
National Fuel Gas Company COM 636180101   720,067 14,020 SH   OTR 1 14,020 0 0
Nokia Corporation COM 654902204   15,822,583 3,803,505 SH   SOLE   3,465,956 0 337,549
Nokia Corporation COM 654902204   661,606 159,040 SH   OTR 1 159,040 0 0
Novartis AG-ADR COM 66987V109   31,828,579 315,416 SH   SOLE   247,911 0 67,504
Novartis AG-ADR COM 66987V109   1,205,874 11,950 SH   OTR 1 11,950 0 0
Orange - ADR COM 684060106   18,036,358 1,549,515 SH   SOLE   1,376,999 0 172,516
Orange - ADR COM 684060106   665,692 57,190 SH   OTR 1 57,190 0 0
Sanofi ADR COM 80105N105   32,140,430 596,297 SH   SOLE   544,597 0 51,700
Sanofi ADR COM 80105N105   1,178,254 21,860 SH   OTR 1 21,860 0 0
SPDR Bloomberg Barclays 1-3 Mo COM 78468R663   13,377,180 145,689 SH   SOLE   89,825 0 55,864
SPDR Gold MiniShares Trust COM 98149E303   2,799,615 73,500 SH   SOLE   73,500 0 0
Sprott Physical Gold & Silver COM 85208R101   24,096,695 1,337,219 SH   SOLE   1,053,181 0 284,038
Sprott Physical Gold & Silver COM 85208R101   1,007,678 55,920 SH   OTR 1 55,920 0 0
Synaptics Inc COM 87157D109   375,843 4,402 SH   SOLE   2,087 0 2,315
Takeda Pharmaceutical Company COM 874060205   25,886,946 1,647,800 SH   SOLE   1,333,925 0 313,876
Takeda Pharmaceutical Company COM 874060205   994,836 63,325 SH   OTR 1 63,325 0 0
Tetra Tech Inc COM 88162G103   29,396,298 179,530 SH   SOLE   138,644 0 40,886
Tetra Tech Inc COM 88162G103   1,185,478 7,240 SH   OTR 1 7,240 0 0
The Mosaic Company COM 61945C103   20,620,454 589,156 SH   SOLE   463,413 0 125,743
The Mosaic Company COM 61945C103   622,300 17,780 SH   OTR 1 17,780 0 0
UGI Corporation COM 902681105   15,346,886 569,035 SH   SOLE   454,682 0 114,354
UGI Corporation COM 902681105   586,058 21,730 SH   OTR 1 21,730 0 0
Unilever PLC - Sponsored ADR COM 904767704   9,957,893 191,020 SH   SOLE   173,741 0 17,279
Unilever PLC - Sponsored ADR COM 904767704   260,650 5,000 SH   OTR 1 5,000 0 0
Vodafone Group PLC - SP ADR COM 92857W308   12,042,698 1,274,360 SH   SOLE   1,163,969 0 110,390
Walmart Inc. COM 931142103   15,032,379 95,638 SH   SOLE   70,780 0 24,858
Walmart Inc. COM 931142103   856,945 5,452 SH   OTR 1 5,452 0 0
Warner Bros. Discovery Inc. COM 934423104   4,651,989 370,972 SH   SOLE   306,208 0 64,764
Warner Bros. Discovery Inc. COM 934423104   168,926 13,471 SH   OTR 1 13,471 0 0