# EDGAR Filing Document

**Accession Number:** 0001763454
**File Stem:** 0002085853-25-000295
**Filing Date:** 2025-12
**Character Count:** 20006
**Document Hash:** ebdfaeff39982c0c1dd7a2571779dbab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-25-000295.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0002085853-25-000295

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**EFFECTIVENESS DATE**: 20251203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Severin Investments, LLC
- **CENTRAL INDEX KEY:** 0001763454

**ORGANIZATION NAME:**
- **EIN:** 611708296
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25897
- **FILM NUMBER:** 251547000

**BUSINESS ADDRESS:**
- **STREET 1:** 211 N BROADWAY
- **STREET 2:** STE. 2925
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63102
- **BUSINESS PHONE:** 3149832707

**MAIL ADDRESS:**
- **STREET 1:** 211 N BROADWAY
- **STREET 2:** STE. 2925
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63102

### 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:** Severin Investments LLC<br>**Address:** 211 N BROADWAY<br>STE. 2925<br>ST. LOUIS, MO 63102

**Form 13F File Number:** 028-25897

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:** Tess Severin Butler<br>**Title:** Chief Complaince Officer<br>**Phone:** 303-531-5055

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

/s/ Tess Severin Butler  St. Louis, MO  12-03-2025<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:** 174

**Form 13F Information Table Value Total:** $112396850

      (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 |  | 453956 | 3389 | SH |  | SOLE |  | 0 | 0 | 3389 |
| ABBVIE INC | COM | 00287Y109 |  | 881005 | 3805 | SH |  | SOLE |  | 0 | 0 | 3805 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 502471 | 3253 | SH |  | SOLE |  | 0 | 0 | 3253 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 616359 | 3810 | SH |  | SOLE |  | 0 | 0 | 3810 |
| AES CORP | COM | 00130H105 |  | 333751 | 25361 | SH |  | SOLE |  | 0 | 0 | 25361 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1098462 | 4519 | SH |  | SOLE |  | 0 | 0 | 4519 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 477390 | 7227 | SH |  | SOLE |  | 0 | 0 | 7227 |
| AMAZON COM INC | COM | 023135106 |  | 945474 | 4306 | SH |  | SOLE |  | 0 | 0 | 4306 |
| AMDOCS LTD | SHS | G02602103 |  | 434394 | 5294 | SH |  | SOLE |  | 0 | 0 | 5294 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 338823 | 3012 | SH |  | SOLE |  | 0 | 0 | 3012 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 352551 | 2419 | SH |  | SOLE |  | 0 | 0 | 2419 |
| AMGEN INC | COM | 031162100 |  | 536844 | 1902 | SH |  | SOLE |  | 0 | 0 | 1902 |
| APPLE INC | COM | 037833100 |  | 1375056 | 5400 | SH |  | SOLE |  | 0 | 0 | 5400 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 1235639 | 1720 | SH |  | SOLE |  | 0 | 0 | 1720 |
| ARCHROCK INC | COM | 03957W106 |  | 518596 | 19711 | SH |  | SOLE |  | 0 | 0 | 19711 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 308605 | 15120 | SH |  | SOLE |  | 0 | 0 | 15120 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 755815 | 5187 | SH |  | SOLE |  | 0 | 0 | 5187 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 665853 | 688 | SH |  | SOLE |  | 0 | 0 | 688 |
| AT INC | COM | 00206R102 |  | 759356 | 26889 | SH |  | SOLE |  | 0 | 0 | 26889 |
| AURA MINERALS INC | SHS NEW | G06973112 |  | 244567 | 6573 | SH |  | SOLE |  | 0 | 0 | 6573 |
| BANK AMERICA CORP | COM | 060505104 |  | 1076547 | 20867 | SH |  | SOLE |  | 0 | 0 | 20867 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 537180 | 4930 | SH |  | SOLE |  | 0 | 0 | 4930 |
| BERKLEY W R CORP | COM | 084423102 |  | 411950 | 5377 | SH |  | SOLE |  | 0 | 0 | 5377 |
| BLACKROCK INC | COM | 09290D101 |  | 1118715 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 407867 | 4178 | SH |  | SOLE |  | 0 | 0 | 4178 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 316504 | 7018 | SH |  | SOLE |  | 0 | 0 | 7018 |
| BROADCOM INC | COM | 11135F101 |  | 1482668 | 4494 | SH |  | SOLE |  | 0 | 0 | 4494 |
| BUILD-A-BEAR WORKSHOP INC | COM | 120076104 |  | 249283 | 3823 | SH |  | SOLE |  | 0 | 0 | 3823 |
| CABOT CORP | COM | 127055101 |  | 273918 | 3602 | SH |  | SOLE |  | 0 | 0 | 3602 |
| CACI INTL INC | CL A | 127190304 |  | 475348 | 953 | SH |  | SOLE |  | 0 | 0 | 953 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 517448 | 2434 | SH |  | SOLE |  | 0 | 0 | 2434 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 785802 | 5006 | SH |  | SOLE |  | 0 | 0 | 5006 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 403223 | 1642 | SH |  | SOLE |  | 0 | 0 | 1642 |
| CATERPILLAR INC | COM | 149123101 |  | 538017 | 1128 | SH |  | SOLE |  | 0 | 0 | 1128 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1056758 | 6805 | SH |  | SOLE |  | 0 | 0 | 6805 |
| CISCO SYS INC | COM | 17275R102 |  | 955798 | 13970 | SH |  | SOLE |  | 0 | 0 | 13970 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1025146 | 10100 | SH |  | SOLE |  | 0 | 0 | 10100 |
| CME GROUP INC | COM | 12572Q105 |  | 373873 | 1384 | SH |  | SOLE |  | 0 | 0 | 1384 |
| COCA COLA CO | COM | 191216100 |  | 659351 | 9942 | SH |  | SOLE |  | 0 | 0 | 9942 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 671567 | 21374 | SH |  | SOLE |  | 0 | 0 | 21374 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 529010 | 34174 | SH |  | SOLE |  | 0 | 0 | 34174 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 473498 | 5006 | SH |  | SOLE |  | 0 | 0 | 5006 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 200260 | 1685 | SH |  | SOLE |  | 0 | 0 | 1685 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 794149 | 24778 | SH |  | SOLE |  | 0 | 0 | 24778 |
| CORTEVA INC | COM | 22052L104 |  | 522243 | 7722 | SH |  | SOLE |  | 0 | 0 | 7722 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 412109 | 445 | SH |  | SOLE |  | 0 | 0 | 445 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 539793 | 1101 | SH |  | SOLE |  | 0 | 0 | 1101 |
| CSG SYS INTL INC | COM | 126349109 |  | 322864 | 5015 | SH |  | SOLE |  | 0 | 0 | 5015 |
| CUMMINS INC | COM | 231021106 |  | 816845 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| CVS HEALTH CORP | COM | 126650100 |  | 1114925 | 14789 | SH |  | SOLE |  | 0 | 0 | 14789 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 407598 | 2141 | SH |  | SOLE |  | 0 | 0 | 2141 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 793034 | 5594 | SH |  | SOLE |  | 0 | 0 | 5594 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 355355 | 1599 | SH |  | SOLE |  | 0 | 0 | 1599 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 453578 | 2624 | SH |  | SOLE |  | 0 | 0 | 2624 |
| DISNEY WALT CO | COM | 254687106 |  | 518126 | 4525 | SH |  | SOLE |  | 0 | 0 | 4525 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 496853 | 4807 | SH |  | SOLE |  | 0 | 0 | 4807 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 282124 | 2280 | SH |  | SOLE |  | 0 | 0 | 2280 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 254354 | 3265 | SH |  | SOLE |  | 0 | 0 | 3265 |
| EASTMAN CHEM CO | COM | 277432100 |  | 232977 | 3695 | SH |  | SOLE |  | 0 | 0 | 3695 |
| ELI LILLY  CO | COM | 532457108 |  | 519028 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 450986 | 26281 | SH |  | SOLE |  | 0 | 0 | 26281 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 409842 | 13772 | SH |  | SOLE |  | 0 | 0 | 13772 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 449469 | 11265 | SH |  | SOLE |  | 0 | 0 | 11265 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 516306 | 4579 | SH |  | SOLE |  | 0 | 0 | 4579 |
| FEDEX CORP | COM | 31428X106 |  | 354231 | 1502 | SH |  | SOLE |  | 0 | 0 | 1502 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 204803 | 3386 | SH |  | SOLE |  | 0 | 0 | 3386 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 895306 | 20097 | SH |  | SOLE |  | 0 | 0 | 20097 |
| FLEXSTEEL INDS INC | COM | 339382103 |  | 386339 | 8335 | SH |  | SOLE |  | 0 | 0 | 8335 |
| FORD MTR CO | COM | 345370860 |  | 277635 | 23214 | SH |  | SOLE |  | 0 | 0 | 23214 |
| GARMIN LTD | SHS | H2906T109 |  | 290304 | 1179 | SH |  | SOLE |  | 0 | 0 | 1179 |
| GE AEROSPACE | COM NEW | 369604301 |  | 828356 | 2754 | SH |  | SOLE |  | 0 | 0 | 2754 |
| GEN DIGITAL INC | COM | 668771108 |  | 292579 | 10306 | SH |  | SOLE |  | 0 | 0 | 10306 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 732142 | 2147 | SH |  | SOLE |  | 0 | 0 | 2147 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 529365 | 59479 | SH |  | SOLE |  | 0 | 0 | 59479 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 407075 | 19867 | SH |  | SOLE |  | 0 | 0 | 19867 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 462608 | 4168 | SH |  | SOLE |  | 0 | 0 | 4168 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 448591 | 3363 | SH |  | SOLE |  | 0 | 0 | 3363 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 300892 | 8709 | SH |  | SOLE |  | 0 | 0 | 8709 |
| HOME DEPOT INC | COM | 437076102 |  | 771134 | 1903 | SH |  | SOLE |  | 0 | 0 | 1903 |
| HONEYWELL INTL INC | COM | 438516106 |  | 326909 | 1553 | SH |  | SOLE |  | 0 | 0 | 1553 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 849556 | 4329 | SH |  | SOLE |  | 0 | 0 | 4329 |
| HP INC | COM | 40434L105 |  | 231678 | 8508 | SH |  | SOLE |  | 0 | 0 | 8508 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 666681 | 9689 | SH |  | SOLE |  | 0 | 0 | 9689 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 519352 | 3083 | SH |  | SOLE |  | 0 | 0 | 3083 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1197491 | 4244 | SH |  | SOLE |  | 0 | 0 | 4244 |
| INTUIT | COM | 461202103 |  | 620777 | 909 | SH |  | SOLE |  | 0 | 0 | 909 |
| IRON MTN INC DEL | COM | 46284V101 |  | 370587 | 3635 | SH |  | SOLE |  | 0 | 0 | 3635 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 4221000 | 39288 | SH |  | SOLE |  | 0 | 0 | 39288 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 810747 | 9773 | SH |  | SOLE |  | 0 | 0 | 9773 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 967513 | 8142 | SH |  | SOLE |  | 0 | 0 | 8142 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 700644 | 6341 | SH |  | SOLE |  | 0 | 0 | 6341 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 465476 | 7133 | SH |  | SOLE |  | 0 | 0 | 7133 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 833468 | 4495 | SH |  | SOLE |  | 0 | 0 | 4495 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1529522 | 4849 | SH |  | SOLE |  | 0 | 0 | 4849 |
| KROGER CO | COM | 501044101 |  | 504800 | 7489 | SH |  | SOLE |  | 0 | 0 | 7489 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 678857 | 2223 | SH |  | SOLE |  | 0 | 0 | 2223 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 502372 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| MCDONALDS CORP | COM | 580135101 |  | 690715 | 2273 | SH |  | SOLE |  | 0 | 0 | 2273 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 385688 | 4050 | SH |  | SOLE |  | 0 | 0 | 4050 |
| MERCK  CO INC | COM | 58933Y105 |  | 1046476 | 12468 | SH |  | SOLE |  | 0 | 0 | 12468 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1908642 | 2599 | SH |  | SOLE |  | 0 | 0 | 2599 |
| METLIFE INC | COM | 59156R108 |  | 378559 | 4596 | SH |  | SOLE |  | 0 | 0 | 4596 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 474984 | 2839 | SH |  | SOLE |  | 0 | 0 | 2839 |
| MICROSOFT CORP | COM | 594918104 |  | 2071589 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 369342 | 5912 | SH |  | SOLE |  | 0 | 0 | 5912 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 475258 | 2990 | SH |  | SOLE |  | 0 | 0 | 2990 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 346244 | 6932 | SH |  | SOLE |  | 0 | 0 | 6932 |
| NETFLIX INC | COM | 64110L106 |  | 614821 | 513 | SH |  | SOLE |  | 0 | 0 | 513 |
| NEWMONT CORP | COM | 651639106 |  | 528469 | 6268 | SH |  | SOLE |  | 0 | 0 | 6268 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 241828 | 1223 | SH |  | SOLE |  | 0 | 0 | 1223 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 618147 | 8188 | SH |  | SOLE |  | 0 | 0 | 8188 |
| NIKE INC | CL B | 654106103 |  | 507902 | 7284 | SH |  | SOLE |  | 0 | 0 | 7284 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 267527 | 9460 | SH |  | SOLE |  | 0 | 0 | 9460 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 891763 | 1464 | SH |  | SOLE |  | 0 | 0 | 1464 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 349967 | 2729 | SH |  | SOLE |  | 0 | 0 | 2729 |
| NUCOR CORP | COM | 670346105 |  | 206819 | 1527 | SH |  | SOLE |  | 0 | 0 | 1527 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2171650 | 11639 | SH |  | SOLE |  | 0 | 0 | 11639 |
| OMNICOM GROUP INC | COM | 681919106 |  | 227061 | 2785 | SH |  | SOLE |  | 0 | 0 | 2785 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 609045 | 10787 | SH |  | SOLE |  | 0 | 0 | 10787 |
| ONEOK INC NEW | COM | 682680103 |  | 399471 | 5474 | SH |  | SOLE |  | 0 | 0 | 5474 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 510281 | 4733 | SH |  | SOLE |  | 0 | 0 | 4733 |
| OSI SYSTEMS INC | COM | 671044105 |  | 469569 | 1884 | SH |  | SOLE |  | 0 | 0 | 1884 |
| OWENS CORNING NEW | COM | 690742101 |  | 203815 | 1441 | SH |  | SOLE |  | 0 | 0 | 1441 |
| PACCAR INC | COM | 693718108 |  | 430981 | 4383 | SH |  | SOLE |  | 0 | 0 | 4383 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 515566 | 2826 | SH |  | SOLE |  | 0 | 0 | 2826 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 312616 | 8301 | SH |  | SOLE |  | 0 | 0 | 8301 |
| PFIZER INC | COM | 717081103 |  | 952486 | 37382 | SH |  | SOLE |  | 0 | 0 | 37382 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 942351 | 5810 | SH |  | SOLE |  | 0 | 0 | 5810 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 936660 | 4662 | SH |  | SOLE |  | 0 | 0 | 4662 |
| POPULAR INC | COM NEW | 733174700 |  | 615530 | 4846 | SH |  | SOLE |  | 0 | 0 | 4846 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 369470 | 2405 | SH |  | SOLE |  | 0 | 0 | 2405 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 276584 | 3314 | SH |  | SOLE |  | 0 | 0 | 3314 |
| QUALCOMM INC | COM | 747525103 |  | 295991 | 1779 | SH |  | SOLE |  | 0 | 0 | 1779 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 322971 | 1695 | SH |  | SOLE |  | 0 | 0 | 1695 |
| REALTY INCOME CORP | COM | 756109104 |  | 361489 | 5947 | SH |  | SOLE |  | 0 | 0 | 5947 |
| ROYAL BK CDA | COM | 780087102 |  | 861790 | 5850 | SH |  | SOLE |  | 0 | 0 | 5850 |
| ROYAL GOLD INC | COM | 780287108 |  | 319653 | 1594 | SH |  | SOLE |  | 0 | 0 | 1594 |
| RTX CORPORATION | COM | 75513E101 |  | 407386 | 2435 | SH |  | SOLE |  | 0 | 0 | 2435 |
| SALESFORCE INC | COM | 79466L302 |  | 594412 | 2508 | SH |  | SOLE |  | 0 | 0 | 2508 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 539798 | 5654 | SH |  | SOLE |  | 0 | 0 | 5654 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 294576 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 319605 | 1334 | SH |  | SOLE |  | 0 | 0 | 1334 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 503678 | 9350 | SH |  | SOLE |  | 0 | 0 | 9350 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 349299 | 2951 | SH |  | SOLE |  | 0 | 0 | 2951 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1060571 | 3763 | SH |  | SOLE |  | 0 | 0 | 3763 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 238116 | 1544 | SH |  | SOLE |  | 0 | 0 | 1544 |
| SERVICENOW INC | COM | 81762P102 |  | 497976 | 541 | SH |  | SOLE |  | 0 | 0 | 541 |
| SKYWEST INC | COM | 830879102 |  | 366706 | 3644 | SH |  | SOLE |  | 0 | 0 | 3644 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 208595 | 7245 | SH |  | SOLE |  | 0 | 0 | 7245 |
| SOUTHERN CO | COM | 842587107 |  | 769827 | 8123 | SH |  | SOLE |  | 0 | 0 | 8123 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 516886 | 2767 | SH |  | SOLE |  | 0 | 0 | 2767 |
| STRYKER CORPORATION | COM | 863667101 |  | 554184 | 1499 | SH |  | SOLE |  | 0 | 0 | 1499 |
| SYSCO CORP | COM | 871829107 |  | 308634 | 3748 | SH |  | SOLE |  | 0 | 0 | 3748 |
| T-MOBILE US INC | COM | 872590104 |  | 624248 | 2608 | SH |  | SOLE |  | 0 | 0 | 2608 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1358285 | 4863 | SH |  | SOLE |  | 0 | 0 | 4863 |
| TEXAS INSTRS INC | COM | 882508104 |  | 256709 | 1397 | SH |  | SOLE |  | 0 | 0 | 1397 |
| TJX COS INC NEW | COM | 872540109 |  | 549653 | 3803 | SH |  | SOLE |  | 0 | 0 | 3803 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 368687 | 280 | SH |  | SOLE |  | 0 | 0 | 280 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 941781 | 15831 | SH |  | SOLE |  | 0 | 0 | 15831 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 599154 | 6116 | SH |  | SOLE |  | 0 | 0 | 6116 |
| UNION PAC CORP | COM | 907818108 |  | 365952 | 1548 | SH |  | SOLE |  | 0 | 0 | 1548 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 597651 | 1731 | SH |  | SOLE |  | 0 | 0 | 1731 |
| US BANCORP DEL | COM NEW | 902973304 |  | 946753 | 19589 | SH |  | SOLE |  | 0 | 0 | 19589 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1419680 | 26203 | SH |  | SOLE |  | 0 | 0 | 26203 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 903293 | 10739 | SH |  | SOLE |  | 0 | 0 | 10739 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 4603552 | 76828 | SH |  | SOLE |  | 0 | 0 | 76828 |
| VEON LTD | SPONSORED ADS | 91822M502 |  | 462854 | 8504 | SH |  | SOLE |  | 0 | 0 | 8504 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 380539 | 8658 | SH |  | SOLE |  | 0 | 0 | 8658 |
| VICI PPTYS INC | COM | 925652109 |  | 799374 | 24513 | SH |  | SOLE |  | 0 | 0 | 24513 |
| VISA INC | COM CL A | 92826C839 |  | 486052 | 1424 | SH |  | SOLE |  | 0 | 0 | 1424 |
| VISTRA CORP | COM | 92840M102 |  | 447913 | 2286 | SH |  | SOLE |  | 0 | 0 | 2286 |
| WALMART INC | COM | 931142103 |  | 1199992 | 11644 | SH |  | SOLE |  | 0 | 0 | 11644 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 421100 | 1907 | SH |  | SOLE |  | 0 | 0 | 1907 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1437563 | 17151 | SH |  | SOLE |  | 0 | 0 | 17151 |

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