# EDGAR Filing Document

**Accession Number:** 0001730477
**File Stem:** 0001172661-26-000458
**Filing Date:** 2026-2
**Character Count:** 16477
**Document Hash:** b6025ab92f6de2ef86604c4f9347aea5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000458.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001172661-26-000458

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**EFFECTIVENESS DATE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ballast, Inc.
- **CENTRAL INDEX KEY:** 0001730477

**ORGANIZATION NAME:**
- **EIN:** 261835420

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18348
- **FILM NUMBER:** 26593080

**BUSINESS ADDRESS:**
- **STREET 1:** 400 EAST VINE STREET
- **STREET 2:** SUITE 400
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507
- **BUSINESS PHONE:** 859-226-0625

**MAIL ADDRESS:**
- **STREET 1:** 400 EAST VINE STREET
- **STREET 2:** SUITE 400
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Ballast Inc.<br>**Address:** 400 East Vine Street<br>Suite 400<br>Lexington, KY 40507

**Form 13F File Number:** 028-18348

**CRD Number (if applicable):** 000152695

**SEC File Number (if applicable):** 801-79651

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:** John Boardman<br>**Title:** President<br>**Phone:** 859-226-0625

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

/s/ John Boardman  Lexington, KY  02-03-2026<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:** 133

**Form 13F Information Table Value Total:** $427270435

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 327132 | 2611 | SH |  | SOLE |  | 0 | 0 | 2611 |
| ABBVIE INC | COM | 00287Y109 |  | 759501 | 3324 | SH |  | SOLE |  | 0 | 0 | 3324 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 249519 | 930 | SH |  | SOLE |  | 0 | 0 | 930 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1670662 | 7801 | SH |  | SOLE |  | 0 | 0 | 7801 |
| AFLAC INC | COM | 001055102 |  | 450894 | 4089 | SH |  | SOLE |  | 0 | 0 | 4089 |
| ALLSTATE CORP | COM | 020002101 |  | 208358 | 1001 | SH |  | SOLE |  | 0 | 0 | 1001 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3022015 | 9655 | SH |  | SOLE |  | 0 | 0 | 9655 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3993733 | 12727 | SH |  | SOLE |  | 0 | 0 | 12727 |
| AMAZON COM INC | COM | 023135106 |  | 4098671 | 17757 | SH |  | SOLE |  | 0 | 0 | 17757 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1055837 | 2854 | SH |  | SOLE |  | 0 | 0 | 2854 |
| APPLE INC | COM | 037833100 |  | 13946489 | 51300 | SH |  | SOLE |  | 0 | 0 | 51300 |
| AT INC | COM | 00206R102 |  | 208929 | 8411 | SH |  | SOLE |  | 0 | 0 | 8411 |
| BANK AMERICA CORP | COM | 060505104 |  | 493955 | 8981 | SH |  | SOLE |  | 0 | 0 | 8981 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754800 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5546743 | 11035 | SH |  | SOLE |  | 0 | 0 | 11035 |
| BLACKSTONE INC | COM | 09260D107 |  | 324619 | 2106 | SH |  | SOLE |  | 0 | 0 | 2106 |
| BOEING CO | COM | 097023105 |  | 1604083 | 7388 | SH |  | SOLE |  | 0 | 0 | 7388 |
| BROADCOM INC | COM | 11135F101 |  | 413590 | 1195 | SH |  | SOLE |  | 0 | 0 | 1195 |
| CATERPILLAR INC | COM | 149123101 |  | 1622941 | 2833 | SH |  | SOLE |  | 0 | 0 | 2833 |
| CHEVRON CORP NEW | COM | 166764100 |  | 348257 | 2285 | SH |  | SOLE |  | 0 | 0 | 2285 |
| CHUBB LIMITED | COM | H1467J104 |  | 1487564 | 4766 | SH |  | SOLE |  | 0 | 0 | 4766 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 237966 | 2838 | SH |  | SOLE |  | 0 | 0 | 2838 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 497901 | 4376 | SH |  | SOLE |  | 0 | 0 | 4376 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 354404 | 2170 | SH |  | SOLE |  | 0 | 0 | 2170 |
| CISCO SYS INC | COM | 17275R102 |  | 1918355 | 24904 | SH |  | SOLE |  | 0 | 0 | 24904 |
| COCA COLA CO | COM | 191216100 |  | 846330 | 12106 | SH |  | SOLE |  | 0 | 0 | 12106 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 379808 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| COMMERCIAL BANCGROUP INC | COM | 20112C106 |  | 466026 | 18975 | SH |  | SOLE |  | 0 | 0 | 18975 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 335779 | 3587 | SH |  | SOLE |  | 0 | 0 | 3587 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1623783 | 16349 | SH |  | SOLE |  | 0 | 0 | 16349 |
| CORNING INC | COM | 219350105 |  | 956505 | 10924 | SH |  | SOLE |  | 0 | 0 | 10924 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2591332 | 3005 | SH |  | SOLE |  | 0 | 0 | 3005 |
| DEERE  CO | COM | 244199105 |  | 1680242 | 3609 | SH |  | SOLE |  | 0 | 0 | 3609 |
| DISNEY WALT CO | COM | 254687106 |  | 1651485 | 14516 | SH |  | SOLE |  | 0 | 0 | 14516 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 230962 | 3942 | SH |  | SOLE |  | 0 | 0 | 3942 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1850746 | 15790 | SH |  | SOLE |  | 0 | 0 | 15790 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1100311 | 27370 | SH |  | SOLE |  | 0 | 0 | 27370 |
| ELI LILLY  CO | COM | 532457108 |  | 4296571 | 3998 | SH |  | SOLE |  | 0 | 0 | 3998 |
| EMERSON ELEC CO | COM | 291011104 |  | 365909 | 2757 | SH |  | SOLE |  | 0 | 0 | 2757 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2354933 | 19569 | SH |  | SOLE |  | 0 | 0 | 19569 |
| FEDEX CORP | COM | 31428X106 |  | 282216 | 977 | SH |  | SOLE |  | 0 | 0 | 977 |
| GE AEROSPACE | COM NEW | 369604301 |  | 272915 | 886 | SH |  | SOLE |  | 0 | 0 | 886 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 530576 | 1576 | SH |  | SOLE |  | 0 | 0 | 1576 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 573987 | 653 | SH |  | SOLE |  | 0 | 0 | 653 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 4605134 | 73494 | SH |  | SOLE |  | 0 | 0 | 73494 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 213824 | 4062 | SH |  | SOLE |  | 0 | 0 | 4062 |
| HALLIBURTON CO | COM | 406216101 |  | 1262374 | 44670 | SH |  | SOLE |  | 0 | 0 | 44670 |
| HOME DEPOT INC | COM | 437076102 |  | 1933498 | 5619 | SH |  | SOLE |  | 0 | 0 | 5619 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1452835 | 7447 | SH |  | SOLE |  | 0 | 0 | 7447 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 12075708 | 169080 | SH |  | SOLE |  | 0 | 0 | 169080 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 18262569 | 95336 | SH |  | SOLE |  | 0 | 0 | 95336 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 27808149 | 370528 | SH |  | SOLE |  | 0 | 0 | 370528 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 227909 | 371 | SH |  | SOLE |  | 0 | 0 | 371 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 13823342 | 29206 | SH |  | SOLE |  | 0 | 0 | 29206 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 17753378 | 214361 | SH |  | SOLE |  | 0 | 0 | 214361 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 405728 | 3376 | SH |  | SOLE |  | 0 | 0 | 3376 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 350791 | 2487 | SH |  | SOLE |  | 0 | 0 | 2487 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 636042 | 9637 | SH |  | SOLE |  | 0 | 0 | 9637 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1936473 | 19388 | SH |  | SOLE |  | 0 | 0 | 19388 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1312345 | 1916 | SH |  | SOLE |  | 0 | 0 | 1916 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 2111681 | 19164 | SH |  | SOLE |  | 0 | 0 | 19164 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 12859886 | 415371 | SH |  | SOLE |  | 0 | 0 | 415371 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 14929681 | 70978 | SH |  | SOLE |  | 0 | 0 | 70978 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4698179 | 22702 | SH |  | SOLE |  | 0 | 0 | 22702 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4436969 | 13770 | SH |  | SOLE |  | 0 | 0 | 13770 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1168609 | 11583 | SH |  | SOLE |  | 0 | 0 | 11583 |
| KKR  CO INC | COM | 48251W104 |  | 350825 | 2752 | SH |  | SOLE |  | 0 | 0 | 2752 |
| MARKEL GROUP INC | COM | 570535104 |  | 307400 | 143 | SH |  | SOLE |  | 0 | 0 | 143 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 495524 | 868 | SH |  | SOLE |  | 0 | 0 | 868 |
| MCDONALDS CORP | COM | 580135101 |  | 751239 | 2458 | SH |  | SOLE |  | 0 | 0 | 2458 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1228415 | 12788 | SH |  | SOLE |  | 0 | 0 | 12788 |
| MERCK  CO INC | COM | 58933Y105 |  | 363568 | 3454 | SH |  | SOLE |  | 0 | 0 | 3454 |
| META PLATFORMS INC | CL A | 30303M102 |  | 478565 | 725 | SH |  | SOLE |  | 0 | 0 | 725 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2882926 | 10101 | SH |  | SOLE |  | 0 | 0 | 10101 |
| MICROSOFT CORP | COM | 594918104 |  | 7849153 | 16230 | SH |  | SOLE |  | 0 | 0 | 16230 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1176670 | 21859 | SH |  | SOLE |  | 0 | 0 | 21859 |
| MOODYS CORP | COM | 615369105 |  | 227328 | 445 | SH |  | SOLE |  | 0 | 0 | 445 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 441379 | 5498 | SH |  | SOLE |  | 0 | 0 | 5498 |
| NIKE INC | CL B | 654106103 |  | 1585933 | 24893 | SH |  | SOLE |  | 0 | 0 | 24893 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 614685 | 2129 | SH |  | SOLE |  | 0 | 0 | 2129 |
| NORTHERN TR CORP | COM | 665859104 |  | 1594278 | 11672 | SH |  | SOLE |  | 0 | 0 | 11672 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 352390 | 618 | SH |  | SOLE |  | 0 | 0 | 618 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1493306 | 8007 | SH |  | SOLE |  | 0 | 0 | 8007 |
| ORACLE CORP | COM | 68389X105 |  | 862672 | 4426 | SH |  | SOLE |  | 0 | 0 | 4426 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 12054638 | 200343 | SH |  | SOLE |  | 0 | 0 | 200343 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 348746 | 1962 | SH |  | SOLE |  | 0 | 0 | 1962 |
| PEPSICO INC | COM | 713448108 |  | 1252356 | 8726 | SH |  | SOLE |  | 0 | 0 | 8726 |
| PFIZER INC | COM | 717081103 |  | 1061188 | 42618 | SH |  | SOLE |  | 0 | 0 | 42618 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2335093 | 16294 | SH |  | SOLE |  | 0 | 0 | 16294 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 236050 | 2891 | SH |  | SOLE |  | 0 | 0 | 2891 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 297083 | 1712 | SH |  | SOLE |  | 0 | 0 | 1712 |
| RANPAK HOLDINGS CORP | COM CL A | 75321W103 |  | 59104 | 10925 | SH |  | SOLE |  | 0 | 0 | 10925 |
| RTX CORPORATION | COM | 75513E101 |  | 2018134 | 11004 | SH |  | SOLE |  | 0 | 0 | 11004 |
| SALESFORCE INC | COM | 79466L302 |  | 1649595 | 6227 | SH |  | SOLE |  | 0 | 0 | 6227 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 395403 | 14415 | SH |  | SOLE |  | 0 | 0 | 14415 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 296185 | 1840 | SH |  | SOLE |  | 0 | 0 | 1840 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 513221 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 223210 | 5026 | SH |  | SOLE |  | 0 | 0 | 5026 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 860429 | 1261 | SH |  | SOLE |  | 0 | 0 | 1261 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 343683 | 3221 | SH |  | SOLE |  | 0 | 0 | 3221 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 367340 | 6466 | SH |  | SOLE |  | 0 | 0 | 6466 |
| STRYKER CORPORATION | COM | 863667101 |  | 577465 | 1643 | SH |  | SOLE |  | 0 | 0 | 1643 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 254779 | 4083 | SH |  | SOLE |  | 0 | 0 | 4083 |
| TARGET CORP | COM | 87612E106 |  | 1604762 | 16417 | SH |  | SOLE |  | 0 | 0 | 16417 |
| TESLA INC | COM | 88160R101 |  | 445673 | 991 | SH |  | SOLE |  | 0 | 0 | 991 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1478655 | 8523 | SH |  | SOLE |  | 0 | 0 | 8523 |
| T-MOBILE US INC | COM | 872590104 |  | 1215194 | 5985 | SH |  | SOLE |  | 0 | 0 | 5985 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1893512 | 6528 | SH |  | SOLE |  | 0 | 0 | 6528 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1952062 | 39668 | SH |  | SOLE |  | 0 | 0 | 39668 |
| UNION PAC CORP | COM | 907818108 |  | 1230160 | 5318 | SH |  | SOLE |  | 0 | 0 | 5318 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 5263934 | 15946 | SH |  | SOLE |  | 0 | 0 | 15946 |
| US BANCORP DEL | COM NEW | 902973304 |  | 348868 | 6538 | SH |  | SOLE |  | 0 | 0 | 6538 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 934415 | 5740 | SH |  | SOLE |  | 0 | 0 | 5740 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 335969 | 6953 | SH |  | SOLE |  | 0 | 0 | 6953 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 548940 | 2625 | SH |  | SOLE |  | 0 | 0 | 2625 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 43646378 | 169204 | SH |  | SOLE |  | 0 | 0 | 169204 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 40057732 | 138025 | SH |  | SOLE |  | 0 | 0 | 138025 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 380819 | 607 | SH |  | SOLE |  | 0 | 0 | 607 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 370331 | 4185 | SH |  | SOLE |  | 0 | 0 | 4185 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1297830 | 3871 | SH |  | SOLE |  | 0 | 0 | 3871 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 550242 | 2881 | SH |  | SOLE |  | 0 | 0 | 2881 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 17880612 | 243075 | SH |  | SOLE |  | 0 | 0 | 243075 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2376891 | 44213 | SH |  | SOLE |  | 0 | 0 | 44213 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 679340 | 3091 | SH |  | SOLE |  | 0 | 0 | 3091 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 733579 | 9724 | SH |  | SOLE |  | 0 | 0 | 9724 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 20778442 | 144777 | SH |  | SOLE |  | 0 | 0 | 144777 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 3905341 | 5181 | SH |  | SOLE |  | 0 | 0 | 5181 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 11338331 | 39389 | SH |  | SOLE |  | 0 | 0 | 39389 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 266659 | 646 | SH |  | SOLE |  | 0 | 0 | 646 |
| VISA INC | COM CL A | 92826C839 |  | 1625541 | 4635 | SH |  | SOLE |  | 0 | 0 | 4635 |
| WALMART INC | COM | 931142103 |  | 2681862 | 24072 | SH |  | SOLE |  | 0 | 0 | 24072 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 428813 | 4601 | SH |  | SOLE |  | 0 | 0 | 4601 |
| XPO INC | COM | 983793100 |  | 567152 | 4173 | SH |  | SOLE |  | 0 | 0 | 4173 |

---