Instuitional Investor - Kempner Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Micron Technology Inc	MU	49,372	$8,261,000	6.88%
2.	Taiwan Semiconductor Mfg Co Ltd	TSM	27,592	$7,706,000	6.41%
3.	Black Stone Minerals L.p.	BSM	582,128	$7,649,000	6.37%
4.	Cullenost Bankers Inc.	CFR	34,361	$4,356,000	3.63%
5.	Alphabet Inc.	GOOGL	15,960	$3,887,000	3.24%