SC 13G: TXO Partners, L.P.

AI Summary

SC 13G filing by TXO Partners, L.P..

Risk Assessment

Risk Level: low

Filing Documents

• ef20020783_sc13g.htm (SC 13G) — 80KB
• ef20020783_ex99-a.htm (EX-99.A) — 5KB
• 0001140361-24-007442.txt ( ) — 86KB

(a)

Item 1(a). Name of Issuer: TXO Partners, L.P. (the "Issuer")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 400 West 7th Street Fort Worth, Texas 76102

(a)

Item 2(a). Name of Person Filing: This Statement is filed on behalf of Global Endowment Management, LP ("GEM") and Stephanie S. Lynch ("Ms. Lynch" and, together with GEM, the "Reporting Persons"). This Statement relates to Common Units (as defined herein) held for the accounts of GEF-DTOE, Inc. and GEF-PUE, LP. GEM controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP. Ms. Lynch has management control over GEM. In such capacities, each of the Reporting Persons may therefore be deemed to beneficially own the Common Units reported herein.

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business office of each of the Reporting Persons is 224 West Tremont Avenue, Charlotte, NC 28203.

(c)

Item 2(c). Citizenship: GEM is a Delaware limited partnership. Ms. Lynch is a citizen of the United States.

(d)

Item 2(d). Title of Class of Securities: Common Units ("Common Units")

(e)

Item 2(e). CUSIP Number: 87313P103 Item 3. If This Statement is Filed Pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership:

(a)

Item 4(a). Amount Beneficially Owned: As of December 31, 2023, each Reporting Person may be deemed the beneficial owner of 3,213,962 Common Units.

(b)

Item 4(b). Percent of Class: As of December 31, 2023, each Reporting Person may be deemed the beneficial owner of approximately 10.5% of the Common Units outstanding. This percentage is based on 30,750,000 Common Units outstanding as of November 7, 2023, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2023. CUSIP No. 87313P103 Page 5 of 7 Pages

(c)

Item 4(c). Number of Shares as to Which Such Person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 3,213,962 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 3,213,962 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: GEF-PUE, LP is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Common Units covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: This Item 10 is not applicable. CUSIP No. 87313P103 Page 6 of 7 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. GLOBAL ENDOWMENT MANAGEMENT, LP By: /s/ Stephanie S. Lynch Stephanie S. Lynch Managing Partner STEPHANIE S. LYNCH By: /s/ Stephanie S. Lynch February 13, 2024 CUSIP No. 87313P103 Page 7 of 7 Pages EXHIBIT INDEX Exhibit A : Joint Filing Agreement, dated February 13, 2024