# EDGAR Filing Document

**Accession Number:** 0001303159
**File Stem:** 0001303159-25-000012
**Filing Date:** 2025-11
**Character Count:** 55554
**Document Hash:** 08b36a164d9ed3d1bc411d5101a191a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001303159-25-000012.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001303159-25-000012

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCS Capital Management LLC
- **CENTRAL INDEX KEY:** 0001303159

**ORGANIZATION NAME:**
- **EIN:** 562289718
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14545
- **FILM NUMBER:** 251479305

**BUSINESS ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** SUITE 1010
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 1-617-204-6400

**MAIL ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** SUITE 1010
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SCS Capital Management LLC<br>**Address:** 888 BOYLSTON STREET<br>SUITE 1010<br>BOSTON, MA 02199

**Form 13F File Number:** 028-14545

**CRD Number (if applicable):** 000122258

**SEC File Number (if applicable):** 801-61448

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Nicholas Asselin<br>**Title:** Managing Director<br>**Phone:** 6172046427

**Signature, Place, and Date of Signing:**

NIcholas Asselin  Boston, MA  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 511

**Form 13F Information Table Value Total:** $9177008182

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 451358 | 2909 | SH |  | SOLE |  | 2520 | 0 | 389 |
| ABBOTT LABS | COM | 002824100 |  | 2541422 | 18974 | SH |  | SOLE |  | 9146 | 0 | 9829 |
| ABBVIE INC | COM | 00287Y109 |  | 3468524 | 14980 | SH |  | SOLE |  | 9645 | 0 | 5335 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 902309 | 3659 | SH |  | SOLE |  | 1709 | 0 | 1950 |
| ADOBE INC | COM | 00724F101 |  | 702325 | 1991 | SH |  | SOLE |  | 602 | 0 | 1389 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 963783 | 5957 | SH |  | SOLE |  | 2244 | 0 | 3713 |
| AFLAC INC | COM | 001055102 |  | 5985221 | 53583 | SH |  | SOLE |  | 27764 | 0 | 25819 |
| AGCO CORP | COM | 001084102 |  | 214140 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| AGIOS PHARMACEUTICALS INC | COM | 00847X104 |  | 24034427 | 598765 | SH |  | SOLE |  | 598765 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 721700 | 73718 | SH |  | SOLE |  | 73718 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 607347 | 2227 | SH |  | SOLE |  | 2104 | 0 | 123 |
| AIRBNB INC | COM CL A | 009066101 |  | 10885060 | 89648 | SH |  | SOLE |  | 76973 | 0 | 12675 |
| ALBEMARLE CORP | COM | 012653101 |  | 3333551 | 40910 | SH |  | SOLE |  | 0 | 0 | 40910 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 314386 | 1759 | SH |  | SOLE |  | 1076 | 0 | 683 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 68704608 | 150668 | SH |  | SOLE |  | 150668 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11381942 | 46820 | SH |  | SOLE |  | 14451 | 0 | 32369 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 15941276 | 65454 | SH |  | SOLE |  | 10346 | 0 | 55108 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 3403739 | 72528 | SH |  | SOLE |  | 64615 | 0 | 7913 |
| ALTO NEUROSCIENCE INC | COM SHS | 02157Q109 |  | 268444 | 66777 | SH |  | SOLE |  | 66777 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 615186 | 9220 | SH |  | SOLE |  | 3616 | 0 | 5604 |
| AMAZON COM INC | COM | 023135106 |  | 23257952 | 105925 | SH |  | SOLE |  | 28462 | 0 | 77463 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 978276 | 438633 | SH |  | SOLE |  | 433457 | 0 | 5176 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 282864 | 3766 | SH |  | SOLE |  | 0 | 0 | 3766 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3875692 | 11668 | SH |  | SOLE |  | 5543 | 0 | 6125 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 233657 | 2975 | SH |  | SOLE |  | 495 | 0 | 2480 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 355629 | 724 | SH |  | SOLE |  | 615 | 0 | 109 |
| AMGEN INC | COM | 031162100 |  | 1342329 | 4757 | SH |  | SOLE |  | 685 | 0 | 4072 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1459949 | 5942 | SH |  | SOLE |  | 134 | 0 | 5808 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 265861 | 13676 | SH |  | SOLE |  | 148 | 0 | 13528 |
| APPLE INC | COM | 037833100 |  | 56205736 | 220735 | SH |  | SOLE |  | 95838 | 0 | 124897 |
| APPLIED MATLS INC | COM | 038222105 |  | 328812 | 1606 | SH |  | SOLE |  | 19 | 0 | 1587 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 9277815 | 454572 | SH |  | SOLE |  | 33014 | 0 | 421558 |
| ARK ETF TR | ARK SPACE EXPL | 00214Q807 |  | 744613 | 26081 | SH |  | SOLE |  | 0 | 0 | 26081 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 1243414 | 8788 | SH |  | SOLE |  | 0 | 0 | 8788 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 383364 | 396 | SH |  | SOLE |  | 30 | 0 | 366 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 14086330 | 183607 | SH |  | SOLE |  | 135712 | 0 | 47895 |
| ASTROTECH CORP | COM | 046484309 |  | 57629 | 11761 | SH |  | SOLE |  | 0 | 0 | 11761 |
| AT INC | COM | 00206R102 |  | 205954 | 7293 | SH |  | SOLE |  | 258 | 0 | 7035 |
| ATLAS ENERGY SOLUTIONS INC | COM NEW | 642045108 |  | 297485 | 26164 | SH |  | SOLE |  | 0 | 0 | 26164 |
| ATOMERA INC | COM | 04965B100 |  | 44200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2531700 | 8592 | SH |  | SOLE |  | 2072 | 0 | 6520 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 2694925 | 13951 | SH |  | SOLE |  | 13951 | 0 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 1154706 | 341629 | SH |  | SOLE |  | 341629 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 416000 | 325 | SH |  | SOLE |  | 0 | 0 | 325 |
| BANK AMERICA CORP | COM | 060505104 |  | 8315339 | 161181 | SH |  | SOLE |  | 106898 | 0 | 54283 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 3902172 | 35813 | SH |  | SOLE |  | 35554 | 0 | 259 |
| BAXTER INTL INC | COM | 071813109 |  | 689620 | 29003 | SH |  | SOLE |  | 22348 | 0 | 6655 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 6033600 | 8 | SH |  | SOLE |  | 1 | 0 | 7 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 15182615 | 30200 | SH |  | SOLE |  | 9818 | 0 | 20382 |
| BICARA THERAPEUTICS INC | COM | 055477103 |  | 843660 | 53430 | SH |  | SOLE |  | 53430 | 0 | 0 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 254717 | 4905 | SH |  | SOLE |  | 4905 | 0 | 0 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 1004355 | 16142 | SH |  | SOLE |  | 16142 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1506304 | 1292 | SH |  | SOLE |  | 848 | 0 | 444 |
| BLACKSTONE INC | COM | 09260D107 |  | 6450902 | 37758 | SH |  | SOLE |  | 19029 | 0 | 18729 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 8655371 | 658704 | SH |  | SOLE |  | 0 | 0 | 658704 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 346151 | 20446 | SH |  | SOLE |  | 20446 | 0 | 0 |
| BLUE OWL TECHNOLOGY FIN CORP | COMMON STOCK | 095924106 |  | 661121 | 47838 | SH |  | SOLE |  | 47838 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 6672169 | 30914 | SH |  | SOLE |  | 115 | 0 | 30799 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 669509 | 124 | SH |  | SOLE |  | 108 | 0 | 16 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 216055 | 2213 | SH |  | SOLE |  | 1583 | 0 | 630 |
| BP PLC | SPONSORED ADR | 055622104 |  | 875385 | 25403 | SH |  | SOLE |  | 33 | 0 | 25370 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 276483 | 6130 | SH |  | SOLE |  | 4445 | 0 | 1685 |
| BROADCOM INC | COM | 11135F101 |  | 40115774 | 121596 | SH |  | SOLE |  | 67171 | 0 | 54425 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 537867 | 16354 | SH |  | SOLE |  | 0 | 0 | 16354 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 1844333 | 71514 | SH |  | SOLE |  | 50490 | 0 | 21024 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 6241309 | 29360 | SH |  | SOLE |  | 17178 | 0 | 12182 |
| CARLYLE SECURED LENDING INC | COM | 872280102 |  | 145951 | 11314 | SH |  | SOLE |  | 0 | 0 | 11314 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 390422 | 6540 | SH |  | SOLE |  | 3276 | 0 | 3264 |
| CATERPILLAR INC | COM | 149123101 |  | 2548555 | 5341 | SH |  | SOLE |  | 1722 | 0 | 3619 |
| CBRE GROUP INC | CL A | 12504L109 |  | 382713 | 2429 | SH |  | SOLE |  | 70 | 0 | 2359 |
| CDW CORP | COM | 12514G108 |  | 367793 | 2309 | SH |  | SOLE |  | 9 | 0 | 2300 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 449047 | 1911 | SH |  | SOLE |  | 16 | 0 | 1895 |
| CHEVRON CORP NEW | COM | 166764100 |  | 14095200 | 90767 | SH |  | SOLE |  | 27732 | 0 | 63035 |
| CHUBB LIMITED | COM | H1467J104 |  | 6619893 | 23440 | SH |  | SOLE |  | 20735 | 0 | 2705 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 11851030 | 74952 | SH |  | SOLE |  | 73673 | 0 | 1279 |
| CINTAS CORP | COM | 172908105 |  | 856345 | 4172 | SH |  | SOLE |  | 4000 | 0 | 172 |
| CISCO SYS INC | COM | 17275R102 |  | 1656430 | 24210 | SH |  | SOLE |  | 18495 | 0 | 5715 |
| CITIGROUP INC | COM NEW | 172967424 |  | 442416 | 4359 | SH |  | SOLE |  | 895 | 0 | 3464 |
| COCA COLA CO | COM | 191216100 |  | 30047578 | 449998 | SH |  | SOLE |  | 207087 | 0 | 242911 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 16248214 | 179717 | SH |  | SOLE |  | 119108 | 0 | 60609 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 996608 | 2953 | SH |  | SOLE |  | 1728 | 0 | 1225 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1701181 | 21281 | SH |  | SOLE |  | 863 | 0 | 20418 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1588612 | 16795 | SH |  | SOLE |  | 353 | 0 | 16442 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 336251 | 1022 | SH |  | SOLE |  | 887 | 0 | 135 |
| COPART INC | COM | 217204106 |  | 310158 | 6897 | SH |  | SOLE |  | 0 | 0 | 6897 |
| CORECIVIC INC | COM | 21871N101 |  | 203500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 424509 | 3102 | SH |  | SOLE |  | 0 | 0 | 3102 |
| CORTEVA INC | COM | 22052L104 |  | 532510 | 7874 | SH |  | SOLE |  | 1825 | 0 | 6049 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3364032 | 3634 | SH |  | SOLE |  | 2192 | 0 | 1442 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 7279568 | 251540 | SH |  | SOLE |  | 0 | 0 | 251540 |
| CRESCENT CAP BDC INC | COM | 225655109 |  | 410887 | 28814 | SH |  | SOLE |  | 28814 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 2982001 | 6081 | SH |  | SOLE |  | 3162 | 0 | 2919 |
| DANAHER CORPORATION | COM | 235851102 |  | 923653 | 4656 | SH |  | SOLE |  | 2239 | 0 | 2417 |
| DATADOG INC | CL A COM | 23804L103 |  | 712000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 1937807 | 28129 | SH |  | SOLE |  | 28129 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 274997 | 601 | SH |  | SOLE |  | 71 | 0 | 530 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 797732 | 5627 | SH |  | SOLE |  | 3659 | 0 | 1968 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 2150158 | 37888 | SH |  | SOLE |  | 37263 | 0 | 625 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 2874931 | 197998 | SH |  | SOLE |  | 197998 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 7737876 | 218522 | SH |  | SOLE |  | 159140 | 0 | 59382 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1027458 | 7180 | SH |  | SOLE |  | 592 | 0 | 6588 |
| DIANTHUS THERAPEUTICS INC | COM | 252828108 |  | 368906 | 9375 | SH |  | SOLE |  | 9375 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 14285190 | 64284 | SH |  | SOLE |  | 45656 | 0 | 18628 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 5635779 | 32599 | SH |  | SOLE |  | 17010 | 0 | 15589 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1084203 | 28110 | SH |  | SOLE |  | 0 | 0 | 28110 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 220435 | 3043 | SH |  | SOLE |  | 0 | 0 | 3043 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 259442 | 4457 | SH |  | SOLE |  | 0 | 0 | 4457 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 478451 | 15247 | SH |  | SOLE |  | 0 | 0 | 15247 |
| DISNEY WALT CO | COM | 254687106 |  | 949229 | 8290 | SH |  | SOLE |  | 4023 | 0 | 4267 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 6569842 | 107403 | SH |  | SOLE |  | 55540 | 0 | 51863 |
| DOUBLELINE ETF TRUST | COMMERCIAL REAL | 25861R303 |  | 277946 | 5337 | SH |  | SOLE |  | 5337 | 0 | 0 |
| DOUBLELINE ETF TRUST | MORTGAGE ETF | 25861R402 |  | 267862 | 5392 | SH |  | SOLE |  | 5392 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 348493 | 9318 | SH |  | SOLE |  | 0 | 0 | 9318 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1031003 | 8331 | SH |  | SOLE |  | 3 | 0 | 8328 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 529826 | 6801 | SH |  | SOLE |  | 532 | 0 | 6269 |
| EATON CORP PLC | SHS | G29183103 |  | 259419 | 693 | SH |  | SOLE |  | 35 | 0 | 658 |
| EDITAS MEDICINE INC | COM | 28106W103 |  | 121450 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 8589678 | 11258 | SH |  | SOLE |  | 4944 | 0 | 6314 |
| EMERSON ELEC CO | COM | 291011104 |  | 1038159 | 7914 | SH |  | SOLE |  | 6116 | 0 | 1798 |
| ENBRIDGE INC | COM | 29250N105 |  | 2450131 | 48554 | SH |  | SOLE |  | 20 | 0 | 48534 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1732791 | 100979 | SH |  | SOLE |  | 0 | 0 | 100979 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1909665 | 61070 | SH |  | SOLE |  | 1812 | 0 | 59258 |
| EOG RES INC | COM | 26875P101 |  | 1299473 | 11590 | SH |  | SOLE |  | 138 | 0 | 11452 |
| EQT CORP | COM | 26884L109 |  | 289241 | 5314 | SH |  | SOLE |  | 2610 | 0 | 2704 |
| EQUIFAX INC | COM | 294429105 |  | 399930 | 1559 | SH |  | SOLE |  | 559 | 0 | 1000 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 646825 | 17572 | SH |  | SOLE |  | 17572 | 0 | 0 |
| EVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 30049H102 |  | 23006642 | 3144029 | SH |  | SOLE |  | 0 | 0 | 3144029 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 8835915 | 78367 | SH |  | SOLE |  | 17845 | 0 | 60522 |
| FEDEX CORP | COM | 31428X106 |  | 10002375 | 42198 | SH |  | SOLE |  | 29821 | 0 | 12377 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 4859237 | 21637 | SH |  | SOLE |  | 11352 | 0 | 10285 |
| FIDELITY COVINGTON TRUST | MSCI INDL INDX | 316092709 |  | 651833 | 7955 | SH |  | SOLE |  | 7955 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI MATLS INDEX | 316092881 |  | 484191 | 9235 | SH |  | SOLE |  | 9235 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 4011863 | 40195 | SH |  | SOLE |  | 8603 | 0 | 31592 |
| FIRST ADVANTAGE CORP NEW | COM | 31846B108 |  | 205349 | 13343 | SH |  | SOLE |  | 13343 | 0 | 0 |
| FIRST BANCORP N C | COM | 318910106 |  | 200740 | 3779 | SH |  | SOLE |  | 0 | 0 | 3779 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 493808 | 276 | SH |  | SOLE |  | 276 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 1921844 | 25284 | SH |  | SOLE |  | 1221 | 0 | 24063 |
| FIRST TR EXCHANGE-TRADED FD | ENERGY INM PARTN | 33739Q804 |  | 2187536 | 83600 | SH |  | SOLE |  | 83600 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 5810869 | 173874 | SH |  | SOLE |  | 0 | 0 | 173874 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740U703 |  | 440996 | 15955 | SH |  | SOLE |  | 0 | 0 | 15955 |
| FISERV INC | COM | 337738108 |  | 638075 | 4949 | SH |  | SOLE |  | 3174 | 0 | 1775 |
| FLEXSHARES TR | QLT DIV DEF IDX | 33939L845 |  | 1183609 | 14798 | SH |  | SOLE |  | 0 | 0 | 14798 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 792981 | 12603 | SH |  | SOLE |  | 0 | 0 | 12603 |
| FOGHORN THERAPEUTICS INC | COM | 344174107 |  | 523132 | 106980 | SH |  | SOLE |  | 106980 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 558039 | 6637 | SH |  | SOLE |  | 6522 | 0 | 115 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN INDIA | 35473P769 |  | 2880815 | 77254 | SH |  | SOLE |  | 77254 | 0 | 0 |
| FRP HLDGS INC | COM | 30292L107 |  | 5013483 | 205808 | SH |  | SOLE |  | 205808 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 7251554 | 463951 | SH |  | SOLE |  | 0 | 0 | 463951 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 716873 | 2314 | SH |  | SOLE |  | 182 | 0 | 2132 |
| GE AEROSPACE | COM NEW | 369604301 |  | 711930 | 2364 | SH |  | SOLE |  | 166 | 0 | 2198 |
| GE VERNOVA INC | COM | 36828A101 |  | 402151 | 654 | SH |  | SOLE |  | 80 | 0 | 574 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 530596 | 1556 | SH |  | SOLE |  | 55 | 0 | 1501 |
| GENUINE PARTS CO | COM | 372460105 |  | 241500 | 1730 | SH |  | SOLE |  | 58 | 0 | 1672 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 789096 | 7109 | SH |  | SOLE |  | 512 | 0 | 6597 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 546334 | 6576 | SH |  | SOLE |  | 167 | 0 | 6409 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 495876 | 10040 | SH |  | SOLE |  | 0 | 0 | 10040 |
| GLOBE LIFE INC | COM | 37959E102 |  | 337695 | 2362 | SH |  | SOLE |  | 10 | 0 | 2352 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 12640440 | 15873 | SH |  | SOLE |  | 14641 | 0 | 1232 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 4765093 | 348071 | SH |  | SOLE |  | 45490 | 0 | 302581 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 1590568 | 264214 | SH |  | SOLE |  | 264214 | 0 | 0 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 768108 | 15171 | SH |  | SOLE |  | 14300 | 0 | 871 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 6818660 | 75957 | SH |  | SOLE |  | 71600 | 0 | 4357 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 444785 | 6022 | SH |  | SOLE |  | 0 | 0 | 6022 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 28982678 | 68003 | SH |  | SOLE |  | 33593 | 0 | 34409 |
| HERSHEY CO | COM | 427866108 |  | 318733 | 1704 | SH |  | SOLE |  | 0 | 0 | 1704 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 120027 | 17651 | SH |  | SOLE |  | 17241 | 0 | 410 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 16041576 | 504135 | SH |  | SOLE |  | 343562 | 0 | 160573 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 213260 | 822 | SH |  | SOLE |  | 0 | 0 | 822 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 437765 | 7718 | SH |  | SOLE |  | 6679 | 0 | 1039 |
| HOME DEPOT INC | COM | 437076102 |  | 4968950 | 12263 | SH |  | SOLE |  | 620 | 0 | 11643 |
| HONEYWELL INTL INC | COM | 438516106 |  | 3674435 | 17456 | SH |  | SOLE |  | 226 | 0 | 17229 |
| HUBBELL INC | COM | 443510607 |  | 608889 | 1415 | SH |  | SOLE |  | 0 | 0 | 1415 |
| HUBSPOT INC | COM | 443573100 |  | 558553 | 1194 | SH |  | SOLE |  | 1194 | 0 | 0 |
| INNOVATOR ETFS TRUST | INNOVATOR INTER | 45783Y533 |  | 243915 | 7654 | SH |  | SOLE |  | 0 | 0 | 7654 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 1166353 | 25469 | SH |  | SOLE |  | 25469 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 461480 | 13755 | SH |  | SOLE |  | 2510 | 0 | 11245 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 239242 | 1420 | SH |  | SOLE |  | 680 | 0 | 740 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8502026 | 30132 | SH |  | SOLE |  | 13233 | 0 | 16899 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 398706 | 892 | SH |  | SOLE |  | 73 | 0 | 819 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 26033404 | 1938452 | SH |  | SOLE |  | 1916832 | 0 | 21620 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 300114 | 13321 | SH |  | SOLE |  | 13321 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 3819176 | 15455 | SH |  | SOLE |  | 15455 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 344263 | 3111 | SH |  | SOLE |  | 0 | 0 | 3111 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 362715 | 8023 | SH |  | SOLE |  | 8023 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 72461311 | 381978 | SH |  | SOLE |  | 374384 | 0 | 7594 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 31457350 | 52394 | SH |  | SOLE |  | 32399 | 0 | 19996 |
| INVITATION HOMES INC | COM | 46187W107 |  | 508160 | 17326 | SH |  | SOLE |  | 17326 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 8299395 | 127683 | SH |  | SOLE |  | 18648 | 0 | 109035 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 622766 | 8558 | SH |  | SOLE |  | 3046 | 0 | 5512 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 37108539 | 562933 | SH |  | SOLE |  | 87761 | 0 | 475172 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 322014 | 7416 | SH |  | SOLE |  | 25 | 0 | 7391 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 658557 | 15543 | SH |  | SOLE |  | 13225 | 0 | 2318 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 51904990 | 502177 | SH |  | SOLE |  | 496912 | 0 | 5265 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 142804587 | 1635604 | SH |  | SOLE |  | 226216 | 0 | 1409388 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 883730 | 12973 | SH |  | SOLE |  | 12973 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 664026 | 8041 | SH |  | SOLE |  | 0 | 0 | 8041 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 40856231 | 626053 | SH |  | SOLE |  | 113743 | 0 | 512310 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 16408487 | 138084 | SH |  | SOLE |  | 5097 | 0 | 132987 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 3401510 | 23354 | SH |  | SOLE |  | 15853 | 0 | 7501 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 33558509 | 203954 | SH |  | SOLE |  | 0 | 0 | 203954 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 5640578 | 56434 | SH |  | SOLE |  | 0 | 0 | 56434 |
| ISHARES TR | CORE S ETF | 464287200 |  | 83378620 | 124576 | SH |  | SOLE |  | 40095 | 0 | 84481 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 14682843 | 146462 | SH |  | SOLE |  | 44442 | 0 | 102020 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 615075 | 5401 | SH |  | SOLE |  | 3958 | 0 | 1443 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 1530512 | 19949 | SH |  | SOLE |  | 18484 | 0 | 1465 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 2874064 | 42372 | SH |  | SOLE |  | 2150 | 0 | 40222 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 577844 | 6215 | SH |  | SOLE |  | 0 | 0 | 6215 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 8707939 | 69138 | SH |  | SOLE |  | 69138 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 689223 | 5081 | SH |  | SOLE |  | 5081 | 0 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 659852 | 5239 | SH |  | SOLE |  | 5239 | 0 | 0 |
| ISHARES TR | FUTURE AI  TECH | 46435U556 |  | 599398 | 13093 | SH |  | SOLE |  | 0 | 0 | 13093 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 1414031 | 33869 | SH |  | SOLE |  | 0 | 0 | 33869 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 2323626 | 99449 | SH |  | SOLE |  | 99449 | 0 | 0 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 2323061 | 101223 | SH |  | SOLE |  | 101223 | 0 | 0 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 2330100 | 103468 | SH |  | SOLE |  | 103468 | 0 | 0 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 2334175 | 104274 | SH |  | SOLE |  | 104274 | 0 | 0 |
| ISHARES TR | IBONDS 29 TRM TS | 46436E825 |  | 2337795 | 106481 | SH |  | SOLE |  | 106481 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 213129 | 1912 | SH |  | SOLE |  | 51 | 0 | 1861 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2328121 | 43902 | SH |  | SOLE |  | 43700 | 0 | 202 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 3187524 | 58930 | SH |  | SOLE |  | 58930 | 0 | 0 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 477173 | 4575 | SH |  | SOLE |  | 4575 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 625678 | 6859 | SH |  | SOLE |  | 0 | 0 | 6859 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 6024595 | 43581 | SH |  | SOLE |  | 5954 | 0 | 37627 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 1225260 | 18847 | SH |  | SOLE |  | 2317 | 0 | 16530 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 4220507 | 64093 | SH |  | SOLE |  | 63753 | 0 | 340 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 55554256 | 594990 | SH |  | SOLE |  | 484054 | 0 | 110936 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 14802643 | 277203 | SH |  | SOLE |  | 206415 | 0 | 70788 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 35507462 | 803518 | SH |  | SOLE |  | 536761 | 0 | 266757 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 4091283 | 115312 | SH |  | SOLE |  | 115312 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 371712 | 3907 | SH |  | SOLE |  | 120 | 0 | 3787 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 241981888 | 1244123 | SH |  | SOLE |  | 1225260 | 0 | 18863 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 16679310 | 156628 | SH |  | SOLE |  | 257 | 0 | 156371 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 18832800 | 51529 | SH |  | SOLE |  | 21712 | 0 | 29817 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 33223030 | 70927 | SH |  | SOLE |  | 9399 | 0 | 61528 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 11677551 | 57358 | SH |  | SOLE |  | 13795 | 0 | 43563 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 596699 | 1864 | SH |  | SOLE |  | 793 | 0 | 1071 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 584787 | 3307 | SH |  | SOLE |  | 0 | 0 | 3307 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 369008 | 2642 | SH |  | SOLE |  | 1143 | 0 | 1499 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 3907919 | 40476 | SH |  | SOLE |  | 22140 | 0 | 18336 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 2449073 | 8950 | SH |  | SOLE |  | 8950 | 0 | 0 |
| ISHARES TR | RUS TP200 VL ETF | 464289420 |  | 777817 | 8851 | SH |  | SOLE |  | 8851 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 11467908 | 47396 | SH |  | SOLE |  | 31234 | 0 | 16162 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 707259590 | 1866416 | SH |  | SOLE |  | 1852503 | 0 | 13913 |
| ISHARES TR | S 100 ETF | 464287101 |  | 7042211 | 21158 | SH |  | SOLE |  | 20988 | 0 | 170 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 60245615 | 499052 | SH |  | SOLE |  | 492138 | 0 | 6914 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 6913806 | 33479 | SH |  | SOLE |  | 32793 | 0 | 686 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 1151574 | 12009 | SH |  | SOLE |  | 9228 | 0 | 2781 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 978857 | 7546 | SH |  | SOLE |  | 6432 | 0 | 1114 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1200745 | 8450 | SH |  | SOLE |  | 0 | 0 | 8450 |
| ISHARES TR | SELECT US REIT | 464287564 |  | 798102 | 12952 | SH |  | SOLE |  | 12952 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 698764 | 6319 | SH |  | SOLE |  | 6319 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 6146490 | 63314 | SH |  | SOLE |  | 62695 | 0 | 619 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 464188 | 2370 | SH |  | SOLE |  | 1776 | 0 | 594 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 2917600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 2206575 | 42006 | SH |  | SOLE |  | 0 | 0 | 42006 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 12708504 | 549676 | SH |  | SOLE |  | 549676 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | US VALUE FACTR | 46641Q753 |  | 841753 | 17721 | SH |  | SOLE |  | 17721 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 222382 | 1024 | SH |  | SOLE |  | 13 | 0 | 1011 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 218625 | 6250 | SH |  | SOLE |  | 6250 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 30717539 | 165665 | SH |  | SOLE |  | 93307 | 0 | 72358 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 38328285 | 121511 | SH |  | SOLE |  | 66155 | 0 | 55356 |
| KB HOME | COM | 48666K109 |  | 383049 | 6019 | SH |  | SOLE |  | 0 | 0 | 6019 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 3580673 | 28785 | SH |  | SOLE |  | 27413 | 0 | 1372 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 311863 | 11016 | SH |  | SOLE |  | 1096 | 0 | 9920 |
| KKR  CO INC | COM | 48251W104 |  | 486143 | 3741 | SH |  | SOLE |  | 2381 | 0 | 1360 |
| KLA CORP | COM NEW | 482480100 |  | 1257679 | 1166 | SH |  | SOLE |  | 109 | 0 | 1057 |
| KROGER CO | COM | 501044101 |  | 6076877 | 90148 | SH |  | SOLE |  | 46961 | 0 | 43187 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 631050 | 21014 | SH |  | SOLE |  | 20982 | 0 | 32 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 639904 | 4778 | SH |  | SOLE |  | 4000 | 0 | 778 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 225671 | 4230 | SH |  | SOLE |  | 4230 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 496598 | 3940 | SH |  | SOLE |  | 317 | 0 | 3623 |
| LISTED FDS TR | HORIZON KINETICS | 53656F623 |  | 4986093 | 111558 | SH |  | SOLE |  | 0 | 0 | 111558 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 906483 | 1816 | SH |  | SOLE |  | 186 | 0 | 1630 |
| LOWES COS INC | COM | 548661107 |  | 1347019 | 5360 | SH |  | SOLE |  | 4425 | 0 | 935 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 5376603 | 16161 | SH |  | SOLE |  | 16161 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 1471104 | 66838 | SH |  | SOLE |  | 0 | 0 | 66838 |
| M  T BK CORP | COM | 55261F104 |  | 287932 | 1457 | SH |  | SOLE |  | 33 | 0 | 1424 |
| MARATHON PETE CORP | COM | 56585A102 |  | 886411 | 4599 | SH |  | SOLE |  | 4599 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 231943 | 368 | SH |  | SOLE |  | 38 | 0 | 330 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2348695 | 4129 | SH |  | SOLE |  | 1269 | 0 | 2860 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 268309 | 4010 | SH |  | SOLE |  | 0 | 0 | 4010 |
| MCDONALDS CORP | COM | 580135101 |  | 2164924 | 7124 | SH |  | SOLE |  | 3822 | 0 | 3302 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 997873 | 427 | SH |  | SOLE |  | 427 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1931698 | 22873 | SH |  | SOLE |  | 8486 | 0 | 14387 |
| META PLATFORMS INC | CL A | 30303M102 |  | 32386754 | 44101 | SH |  | SOLE |  | 27238 | 0 | 16863 |
| METSERA INC | COM | 59267L107 |  | 4676994 | 89375 | SH |  | SOLE |  | 89375 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 389019 | 2325 | SH |  | SOLE |  | 26 | 0 | 2299 |
| MICROSOFT CORP | COM | 594918104 |  | 59153055 | 114206 | SH |  | SOLE |  | 60026 | 0 | 54180 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 17718729 | 1111589 | SH |  | SOLE |  | 848314 | 0 | 263275 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 26229013 | 165004 | SH |  | SOLE |  | 105961 | 0 | 59043 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 1455137 | 93940 | SH |  | SOLE |  | 93940 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2201217 | 1836 | SH |  | SOLE |  | 271 | 0 | 1565 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 40784594 | 710533 | SH |  | SOLE |  | 710533 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 6322775 | 7609 | SH |  | SOLE |  | 848 | 0 | 6761 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1135219 | 15038 | SH |  | SOLE |  | 6148 | 0 | 8890 |
| NIKE INC | CL B | 654106103 |  | 513233 | 7339 | SH |  | SOLE |  | 3798 | 0 | 3541 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 17150139 | 57089 | SH |  | SOLE |  | 38637 | 0 | 18452 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 529499 | 869 | SH |  | SOLE |  | 1 | 0 | 868 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 388054 | 3026 | SH |  | SOLE |  | 0 | 0 | 3026 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 7557183 | 136190 | SH |  | SOLE |  | 98131 | 0 | 38059 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1344824 | 83999 | SH |  | SOLE |  | 78803 | 0 | 5196 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 32687182 | 175186 | SH |  | SOLE |  | 88697 | 0 | 86489 |
| OKTA INC | CL A | 679295105 |  | 1087195 | 11856 | SH |  | SOLE |  | 11856 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 4467164 | 105184 | SH |  | SOLE |  | 57536 | 0 | 47648 |
| ONEOK INC NEW | COM | 682680103 |  | 958680 | 13138 | SH |  | SOLE |  | 5426 | 0 | 7712 |
| OPAL FUELS INC | CLASS A COM | 68347P103 |  | 72871 | 33123 | SH |  | SOLE |  | 33123 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 14537348 | 51690 | SH |  | SOLE |  | 19390 | 0 | 32300 |
| ORION GROUP HLDGS INC | COM | 68628V308 |  | 142039 | 17072 | SH |  | SOLE |  | 17072 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 189300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 6078044 | 105760 | SH |  | SOLE |  | 0 | 0 | 105760 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 394896 | 9020 | SH |  | SOLE |  | 0 | 0 | 9020 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 3161886 | 17333 | SH |  | SOLE |  | 5932 | 0 | 11401 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 10738919 | 52740 | SH |  | SOLE |  | 46295 | 0 | 6445 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 4887035 | 6446 | SH |  | SOLE |  | 3256 | 0 | 3190 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 632084 | 122024 | SH |  | SOLE |  | 0 | 0 | 122024 |
| PAYCHEX INC | COM | 704326107 |  | 340224 | 2684 | SH |  | SOLE |  | 2484 | 0 | 200 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 236417 | 12275 | SH |  | SOLE |  | 0 | 0 | 12275 |
| PEPSICO INC | COM | 713448108 |  | 1272938 | 9064 | SH |  | SOLE |  | 2481 | 0 | 6583 |
| PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 |  | 317804 | 17295 | SH |  | SOLE |  | 0 | 0 | 17295 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1797184 | 140405 | SH |  | SOLE |  | 0 | 0 | 140405 |
| PFIZER INC | COM | 717081103 |  | 765227 | 30032 | SH |  | SOLE |  | 15977 | 0 | 14056 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1064077 | 6560 | SH |  | SOLE |  | 6179 | 0 | 381 |
| PHILLIPS 66 | COM | 718546104 |  | 1067415 | 7847 | SH |  | SOLE |  | 714 | 0 | 7133 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 466043 | 4969 | SH |  | SOLE |  | 0 | 0 | 4969 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 575724 | 33747 | SH |  | SOLE |  | 0 | 0 | 33747 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 380505 | 20861 | SH |  | SOLE |  | 0 | 0 | 20861 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1709905 | 8510 | SH |  | SOLE |  | 325 | 0 | 8185 |
| POLESTAR AUTOMOTIVE HLDG UK | ADS A | 731105201 |  | 38234 | 40670 | SH |  | SOLE |  | 40670 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 468580 | 4458 | SH |  | SOLE |  | 4458 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 10273413 | 66862 | SH |  | SOLE |  | 40555 | 0 | 26307 |
| PROGRESSIVE CORP | COM | 743315103 |  | 821311 | 3326 | SH |  | SOLE |  | 3178 | 0 | 148 |
| PROLOGIS INC. | COM | 74340W103 |  | 330611 | 2887 | SH |  | SOLE |  | 2701 | 0 | 186 |
| PULTE GROUP INC | COM | 745867101 |  | 18565769 | 140511 | SH |  | SOLE |  | 140194 | 0 | 317 |
| QUALCOMM INC | COM | 747525103 |  | 16042188 | 96431 | SH |  | SOLE |  | 62437 | 0 | 33993 |
| QUANTERIX CORP | COM | 74766Q101 |  | 651790 | 120035 | SH |  | SOLE |  | 120035 | 0 | 0 |
| RAYONIER ADVANCED MATLS INC | COM | 75508B104 |  | 138667 | 19206 | SH |  | SOLE |  | 19206 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 2274204 | 31196 | SH |  | SOLE |  | 31196 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 265213 | 472 | SH |  | SOLE |  | 470 | 0 | 2 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 522733 | 19625 | SH |  | SOLE |  | 0 | 0 | 19625 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 11487904 | 240534 | SH |  | SOLE |  | 177190 | 0 | 63344 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 341632 | 11468 | SH |  | SOLE |  | 0 | 0 | 11468 |
| ROBLOX CORP | CL A | 771049103 |  | 1624424 | 11727 | SH |  | SOLE |  | 11583 | 0 | 144 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 721847 | 37247 | SH |  | SOLE |  | 36575 | 0 | 672 |
| ROCKET LAB CORP | COM | 773121108 |  | 476465 | 9945 | SH |  | SOLE |  | 9945 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 821046 | 2349 | SH |  | SOLE |  | 397 | 0 | 1952 |
| ROLLINS INC | COM | 775711104 |  | 253202 | 4311 | SH |  | SOLE |  | 0 | 0 | 4311 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 906461 | 1818 | SH |  | SOLE |  | 4 | 0 | 1814 |
| ROYAL BK CDA | COM | 780087102 |  | 582798 | 3956 | SH |  | SOLE |  | 0 | 0 | 3956 |
| RTX CORPORATION | COM | 75513E101 |  | 31918735 | 190753 | SH |  | SOLE |  | 124743 | 0 | 66010 |
| RUBRIK INC. | CL A | 781154109 |  | 1409848 | 17141 | SH |  | SOLE |  | 17141 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 416662 | 6919 | SH |  | SOLE |  | 6919 | 0 | 0 |
| SABINE RTY TR | UNIT BEN INT | 785688102 |  | 2472398 | 31115 | SH |  | SOLE |  | 0 | 0 | 31115 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 1047600 | 60000 | SH |  | SOLE |  | 0 | 0 | 60000 |
| SALESFORCE INC | COM | 79466L302 |  | 2505119 | 10556 | SH |  | SOLE |  | 2466 | 0 | 8090 |
| SAMSARA INC | COM CL A | 79589L106 |  | 555025 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |
| SANA BIOTECHNOLOGY INC | COM | 799566104 |  | 288686 | 81320 | SH |  | SOLE |  | 81320 | 0 | 0 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 112800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 444485 | 4656 | SH |  | SOLE |  | 460 | 0 | 4196 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 24894079 | 746002 | SH |  | SOLE |  | 556628 | 0 | 189374 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 1409706 | 38985 | SH |  | SOLE |  | 0 | 0 | 38985 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 295313625 | 12685293 | SH |  | SOLE |  | 10745436 | 0 | 1939857 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 3406768 | 135566 | SH |  | SOLE |  | 0 | 0 | 135566 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 32287993 | 1323278 | SH |  | SOLE |  | 1308092 | 0 | 15187 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 214470 | 9138 | SH |  | SOLE |  | 0 | 0 | 9138 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 313660022 | 12199923 | SH |  | SOLE |  | 12090190 | 0 | 109733 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 7260777 | 265963 | SH |  | SOLE |  | 1433 | 0 | 264529 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1715428 | 58929 | SH |  | SOLE |  | 13928 | 0 | 45001 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 12239695 | 464681 | SH |  | SOLE |  | 44779 | 0 | 419902 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1367679 | 46143 | SH |  | SOLE |  | 0 | 0 | 46143 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 3800387 | 66732 | SH |  | SOLE |  | 35131 | 0 | 31601 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 281809 | 1193 | SH |  | SOLE |  | 1000 | 0 | 193 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 1560782 | 13186 | SH |  | SOLE |  | 12779 | 0 | 407 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1873196 | 20967 | SH |  | SOLE |  | 17643 | 0 | 3324 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1656116 | 30743 | SH |  | SOLE |  | 20820 | 0 | 9923 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 1115020 | 4653 | SH |  | SOLE |  | 4535 | 0 | 118 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 722363 | 9217 | SH |  | SOLE |  | 8655 | 0 | 562 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 975600 | 7010 | SH |  | SOLE |  | 6538 | 0 | 472 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1309645 | 15017 | SH |  | SOLE |  | 14994 | 0 | 23 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 1355503 | 15125 | SH |  | SOLE |  | 15125 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 7406427 | 26277 | SH |  | SOLE |  | 2211 | 0 | 24066 |
| SERVICENOW INC | COM | 81762P102 |  | 7277574 | 7908 | SH |  | SOLE |  | 6698 | 0 | 1210 |
| SHELL PLC | SPON ADS | 780259305 |  | 14464455 | 202215 | SH |  | SOLE |  | 153386 | 0 | 48829 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 2049183 | 13789 | SH |  | SOLE |  | 11546 | 0 | 2243 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 14546680 | 636338 | SH |  | SOLE |  | 636338 | 0 | 0 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 67759 | 48056 | SH |  | SOLE |  | 48056 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 4528593 | 20078 | SH |  | SOLE |  | 17 | 0 | 20061 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 319259 | 12084 | SH |  | SOLE |  | 12084 | 0 | 0 |
| SONOS INC | COM | 83570H108 |  | 1819891 | 115183 | SH |  | SOLE |  | 0 | 0 | 115183 |
| SOUTHERN CO | COM | 842587107 |  | 518724 | 5474 | SH |  | SOLE |  | 74 | 0 | 5400 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2133404 | 4594 | SH |  | SOLE |  | 2175 | 0 | 2419 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 30744600 | 86490 | SH |  | SOLE |  | 66783 | 0 | 19707 |
| SPDR INDEX SHS FDS | MSCI EAFE FS ETF | 78470E106 |  | 285889 | 5797 | SH |  | SOLE |  | 0 | 0 | 5797 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 14936368 | 349062 | SH |  | SOLE |  | 0 | 0 | 349062 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 1455111 | 31085 | SH |  | SOLE |  | 52 | 0 | 31034 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 469797528 | 704458 | SH |  | SOLE |  | 334530 | 0 | 369928 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 31617127 | 53046 | SH |  | SOLE |  | 22641 | 0 | 30405 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 |  | 628258 | 13029 | SH |  | SOLE |  | 13029 | 0 | 0 |
| SPDR SERIES TRUST | NYSE TECH ETF | 78464A102 |  | 272230 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 993741 | 12322 | SH |  | SOLE |  | 12322 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 517502 | 15270 | SH |  | SOLE |  | 0 | 0 | 15270 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 1794392 | 66582 | SH |  | SOLE |  | 66482 | 0 | 100 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 200055933 | 2553688 | SH |  | SOLE |  | 2513677 | 0 | 40012 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 4767437 | 102924 | SH |  | SOLE |  | 59236 | 0 | 43688 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 198400053 | 1898383 | SH |  | SOLE |  | 1697644 | 0 | 200740 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 394558 | 7131 | SH |  | SOLE |  | 7131 | 0 | 0 |
| SPDR SERIES TRUST | S 400 MDCP GRW | 78464A821 |  | 1034886 | 11303 | SH |  | SOLE |  | 11303 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 2167500 | 21632 | SH |  | SOLE |  | 21244 | 0 | 388 |
| SPDR SERIES TRUST | S METALS MNG | 78464A755 |  | 40993933 | 439896 | SH |  | SOLE |  | 435450 | 0 | 4446 |
| STARBUCKS CORP | COM | 855244109 |  | 367567 | 4345 | SH |  | SOLE |  | 1466 | 0 | 2878 |
| STRYKER CORPORATION | COM | 863667101 |  | 2329660 | 6302 | SH |  | SOLE |  | 4947 | 0 | 1355 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 100589 | 12605 | SH |  | SOLE |  | 12605 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1068683 | 2166 | SH |  | SOLE |  | 18 | 0 | 2148 |
| T1 ENERGY INC | COM NEW | 35834F104 |  | 55891 | 25638 | SH |  | SOLE |  | 25638 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 14993401 | 53558 | SH |  | SOLE |  | 40059 | 0 | 13499 |
| TAMBORAN RES CORP | COM | 87507T101 |  | 2560276 | 93509 | SH |  | SOLE |  | 0 | 0 | 93509 |
| TARGA RES CORP | COM | 87612G101 |  | 18572928 | 110857 | SH |  | SOLE |  | 71681 | 0 | 39176 |
| TARGET CORP | COM | 87612E106 |  | 8062832 | 89887 | SH |  | SOLE |  | 87970 | 0 | 1917 |
| TCW ETF TRUST | TRANSFORM SYSTEM | 29287L205 |  | 300204 | 3073 | SH |  | SOLE |  | 0 | 0 | 3073 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 201529 | 918 | SH |  | SOLE |  | 54 | 0 | 864 |
| TESLA INC | COM | 88160R101 |  | 4336465 | 9751 | SH |  | SOLE |  | 3276 | 0 | 6475 |
| TEXAS INSTRS INC | COM | 882508104 |  | 284598 | 1549 | SH |  | SOLE |  | 136 | 0 | 1413 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 363186 | 389 | SH |  | SOLE |  | 145 | 0 | 244 |
| THE BEAUTY HEALTH COMPANY | COM CL A | 88331L108 |  | 99500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 6685818 | 23195 | SH |  | SOLE |  | 23179 | 0 | 16 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 997264 | 2054 | SH |  | SOLE |  | 18 | 0 | 2036 |
| TJX COS INC NEW | COM | 872540109 |  | 528872 | 3659 | SH |  | SOLE |  | 158 | 0 | 3501 |
| TOAST INC | CL A | 888787108 |  | 12290355 | 336630 | SH |  | SOLE |  | 335498 | 0 | 1132 |
| TORTOISE CAPITAL SERIES TRUS | ENERGY FD | 890930209 |  | 1459744 | 160942 | SH |  | SOLE |  | 0 | 0 | 160942 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 381029 | 6700 | SH |  | SOLE |  | 0 | 0 | 6700 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4457585 | 10564 | SH |  | SOLE |  | 5723 | 0 | 4841 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 6745891 | 230550 | SH |  | SOLE |  | 230550 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 17731506 | 387828 | SH |  | SOLE |  | 257107 | 0 | 130721 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 613096 | 6258 | SH |  | SOLE |  | 3842 | 0 | 2416 |
| UBS GROUP AG | SHS | H42097107 |  | 239071 | 5831 | SH |  | SOLE |  | 0 | 0 | 5831 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 219884 | 2352 | SH |  | SOLE |  | 0 | 0 | 2352 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 531769 | 106567 | SH |  | SOLE |  | 106567 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 13148727 | 221807 | SH |  | SOLE |  | 167981 | 0 | 53826 |
| UNION PAC CORP | COM | 907818108 |  | 8128055 | 34387 | SH |  | SOLE |  | 13999 | 0 | 20388 |
| UNIQURE NV | SHS | N90064101 |  | 359793 | 6164 | SH |  | SOLE |  | 6164 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1663271 | 4817 | SH |  | SOLE |  | 1652 | 0 | 3165 |
| UNUSUAL MACHS INC | COM SHS | 91532F102 |  | 783599 | 51894 | SH |  | SOLE |  | 51894 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 1785112 | 35140 | SH |  | SOLE |  | 35000 | 0 | 140 |
| US BANCORP DEL | COM NEW | 902973304 |  | 532688 | 10911 | SH |  | SOLE |  | 604 | 0 | 10307 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 5415944 | 16595 | SH |  | SOLE |  | 0 | 0 | 16595 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 8052364 | 59361 | SH |  | SOLE |  | 59361 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 955062 | 4788 | SH |  | SOLE |  | 4788 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 5282755 | 47821 | SH |  | SOLE |  | 44694 | 0 | 3127 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 651812 | 8260 | SH |  | SOLE |  | 0 | 0 | 8260 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 39586497 | 532291 | SH |  | SOLE |  | 20 | 0 | 532271 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 1255758 | 5999 | SH |  | SOLE |  | 5999 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 19493371 | 40629 | SH |  | SOLE |  | 26094 | 0 | 14535 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 34868948 | 113230 | SH |  | SOLE |  | 101072 | 0 | 12158 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 5812194 | 19779 | SH |  | SOLE |  | 17570 | 0 | 2209 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 39133828 | 428066 | SH |  | SOLE |  | 350643 | 0 | 77424 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 284034214 | 462582 | SH |  | SOLE |  | 30605 | 0 | 431977 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 608380 | 2902 | SH |  | SOLE |  | 0 | 0 | 2902 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 34703524 | 136412 | SH |  | SOLE |  | 114560 | 0 | 21852 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 842082636 | 2565178 | SH |  | SOLE |  | 2276392 | 0 | 288787 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 209153596 | 1121099 | SH |  | SOLE |  | 1041879 | 0 | 79220 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 1238422 | 16378 | SH |  | SOLE |  | 0 | 0 | 16378 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 13053146 | 182894 | SH |  | SOLE |  | 117848 | 0 | 65046 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 198572664 | 3665055 | SH |  | SOLE |  | 2286932 | 0 | 1378123 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 661754 | 8293 | SH |  | SOLE |  | 8114 | 0 | 179 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 74161686 | 538183 | SH |  | SOLE |  | 495375 | 0 | 42808 |
| VANGUARD MUN BD FDS | INTERMEDIATE TRM | 922907738 |  | 440449 | 4390 | SH |  | SOLE |  | 0 | 0 | 4390 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 97849491 | 1954254 | SH |  | SOLE |  | 1946809 | 0 | 7445 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 895599378 | 14919197 | SH |  | SOLE |  | 14274969 | 0 | 644228 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 46957725 | 825848 | SH |  | SOLE |  | 778211 | 0 | 47637 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 10619059 | 180445 | SH |  | SOLE |  | 151902 | 0 | 28543 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1697234 | 21234 | SH |  | SOLE |  | 21234 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 74987699 | 622305 | SH |  | SOLE |  | 134 | 0 | 622170 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 1505865 | 16850 | SH |  | SOLE |  | 172 | 0 | 16678 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 4508001 | 46085 | SH |  | SOLE |  | 6918 | 0 | 39166 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 26107145 | 120613 | SH |  | SOLE |  | 25707 | 0 | 94906 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1815924 | 24720 | SH |  | SOLE |  | 9026 | 0 | 15694 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 587672008 | 9807610 | SH |  | SOLE |  | 7084951 | 0 | 2722660 |
| VANGUARD WELLINGTON FD | US MOMENTUM | 921935508 |  | 993495 | 5185 | SH |  | SOLE |  | 0 | 0 | 5185 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 213010734 | 1511250 | SH |  | SOLE |  | 369 | 0 | 1510881 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 67420208 | 752710 | SH |  | SOLE |  | 0 | 0 | 752710 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 2566566 | 30309 | SH |  | SOLE |  | 50 | 0 | 30259 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 614998 | 1552 | SH |  | SOLE |  | 1500 | 0 | 52 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 230728 | 1080 | SH |  | SOLE |  | 1073 | 0 | 7 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 42813227 | 340165 | SH |  | SOLE |  | 333796 | 0 | 6369 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 31703645 | 457022 | SH |  | SOLE |  | 457022 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 48046617 | 405662 | SH |  | SOLE |  | 405662 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 2150570 | 16387 | SH |  | SOLE |  | 16315 | 0 | 72 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 688874 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 22152584 | 29670 | SH |  | SOLE |  | 22681 | 0 | 6989 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 1084920 | 7877 | SH |  | SOLE |  | 7877 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 1626523 | 4042 | SH |  | SOLE |  | 4042 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 16301988 | 231549 | SH |  | SOLE |  | 160149 | 0 | 71400 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 348032 | 7919 | SH |  | SOLE |  | 6522 | 0 | 1397 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 524445 | 3476 | SH |  | SOLE |  | 753 | 0 | 2723 |
| VIR BIOTECHNOLOGY INC | COM | 92764N102 |  | 138182 | 24200 | SH |  | SOLE |  | 24200 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 5661705 | 16585 | SH |  | SOLE |  | 7511 | 0 | 9073 |
| VULCAN MATLS CO | COM | 929160109 |  | 20484416 | 66590 | SH |  | SOLE |  | 2 | 0 | 66588 |
| WALMART INC | COM | 931142103 |  | 21498673 | 208603 | SH |  | SOLE |  | 131884 | 0 | 76719 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 244398 | 12514 | SH |  | SOLE |  | 1158 | 0 | 11356 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1337126 | 6055 | SH |  | SOLE |  | 1709 | 0 | 4346 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1423484 | 16983 | SH |  | SOLE |  | 559 | 0 | 16424 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 327087 | 265 | SH |  | SOLE |  | 0 | 0 | 265 |
| WHIRLPOOL CORP | COM | 963320106 |  | 779869 | 9922 | SH |  | SOLE |  | 9651 | 0 | 271 |
| WILLIAMS COS INC | COM | 969457100 |  | 487035 | 7688 | SH |  | SOLE |  | 51 | 0 | 7637 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 700257 | 2022 | SH |  | SOLE |  | 1967 | 0 | 55 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 528489 | 25035 | SH |  | SOLE |  | 0 | 0 | 25035 |
| WISDOMTREE INC | COM | 97717P104 |  | 180700 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 1406176 | 10983 | SH |  | SOLE |  | 170 | 0 | 10813 |
| WORKDAY INC | CL A | 98138H101 |  | 2373839 | 9861 | SH |  | SOLE |  | 9641 | 0 | 220 |
| XPEL INC | COM | 98379L100 |  | 41057728 | 1241540 | SH |  | SOLE |  | 0 | 0 | 1241540 |
| ZETA GLOBAL HOLDINGS CORP | CL A | 98956A105 |  | 740356 | 37260 | SH |  | SOLE |  | 37260 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 493968 | 6411 | SH |  | SOLE |  | 6411 | 0 | 0 |

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