# EDGAR Filing Document

**Accession Number:** 0000275484
**File Stem:** 0000275484-26-000024
**Filing Date:** 2026-6
**Character Count:** 44988
**Document Hash:** 0d4c992560e0de7f5f061c17a6859315
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000275484-26-000024.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0000275484-26-000024

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20200331

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**EFFECTIVENESS DATE**: 20260615

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INDEPENDENT FINANCIAL GROUP, LLC
- **CENTRAL INDEX KEY:** 0000275484

**ORGANIZATION NAME:**
- **EIN:** 710927304
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26850
- **FILM NUMBER:** 261091999

**BUSINESS ADDRESS:**
- **STREET 1:** 12671 HIGH BLUFF DRIVE
- **STREET 2:** SUITE 200
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
- **BUSINESS PHONE:** 858-436-3180

**MAIL ADDRESS:**
- **STREET 1:** 12671 HIGH BLUFF DRIVE
- **STREET 2:** SUITE 200
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IFG FINANCIAL GROUP, LLC
- **DATE OF NAME CHANGE:** 20040105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAGERTY STEWART & ASSOCIATES LLC
- **DATE OF NAME CHANGE:** 20031209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IFG FINANCIAL GROUP, LLC
- **DATE OF NAME CHANGE:** 20031205

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2020

**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:** INDEPENDENT FINANCIAL GROUP LLC<br>**Address:** 12671 HIGH BLUFF DRIVE<br>SUITE 200<br>SAN DIEGO, CA 92130

**Form 13F File Number:** 028-26850

**CRD Number (if applicable):** 000007717

**SEC File Number (if applicable):** 801-62667

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:** Brian Dennen<br>**Title:** Chief Compliance Officer<br>**Phone:** 800-269-1903

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

/s/Brian Dennen  San Diego, CA  06-15-2026<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:** 411

**Form 13F Information Table Value Total:** $340129637

      (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 |  | 710944 | 5208 | SH |  | SOLE |  | 0 | 0 | 5208 |
| ABBOTT LABS | COM | 002824100 |  | 624982 | 7920 | SH |  | SOLE |  | 0 | 0 | 7920 |
| ABBVIE INC | COM | 00287Y109 |  | 2228615 | 29251 | SH |  | SOLE |  | 0 | 0 | 29251 |
| ABERDEEN GLOBAL PREMIER PPTY | COM SH BEN INT | 00302L108 |  | 194029 | 45762 | SH |  | SOLE |  | 0 | 0 | 45762 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 233281 | 3922 | SH |  | SOLE |  | 0 | 0 | 3922 |
| ADOBE INC | COM | 00724F101 |  | 414667 | 1303 | SH |  | SOLE |  | 0 | 0 | 1303 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1067006 | 23461 | SH |  | SOLE |  | 0 | 0 | 23461 |
| ADVENT CONVERTIBLE  INCOME | COM | 00764C109 |  | 166023 | 15604 | SH |  | SOLE |  | 0 | 0 | 15604 |
| ADVISORSHARES TR | DORSY SHRT ETF | 00768Y529 |  | 846139 | 23788 | SH |  | SOLE |  | 0 | 0 | 23788 |
| AGNC INVT CORP | COM | 00123Q104 |  | 969129 | 91600 | SH |  | SOLE |  | 0 | 0 | 91600 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1441875 | 7414 | SH |  | SOLE |  | 0 | 0 | 7414 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 223173 | 12005 | SH |  | SOLE |  | 0 | 0 | 12005 |
| ALLIANZGI NFJ DIVID INT  PR | COM | 01883A107 |  | 166661 | 17342 | SH |  | SOLE |  | 0 | 0 | 17342 |
| ALLSTATE CORP | COM | 020002101 |  | 210062 | 2290 | SH |  | SOLE |  | 0 | 0 | 2290 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1900950 | 1636 | SH |  | SOLE |  | 0 | 0 | 1636 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3430290 | 2950 | SH |  | SOLE |  | 0 | 0 | 2950 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 34500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| ALPS ETF TR | ALERIAN MLP | 00162Q866 |  | 422655 | 122865 | SH |  | SOLE |  | 0 | 0 | 122865 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1331723 | 34438 | SH |  | SOLE |  | 0 | 0 | 34438 |
| AMAZON COM INC | COM | 023135106 |  | 15400838 | 7899 | SH |  | SOLE |  | 0 | 0 | 7899 |
| AMEDISYS INC | COM | 023436108 |  | 458850 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| AMERICA FIRST MULTIFAMILY IN | BEN UNIT CTF | 02364V107 |  | 112660 | 21500 | SH |  | SOLE |  | 0 | 0 | 21500 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 224127 | 2618 | SH |  | SOLE |  | 0 | 0 | 2618 |
| AMERICAN FIN TR INC | COM CLASS A | 02607T109 |  | 591094 | 94575 | SH |  | SOLE |  | 0 | 0 | 94575 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 456840 | 2098 | SH |  | SOLE |  | 0 | 0 | 2098 |
| AMGEN INC | COM | 031162100 |  | 508041 | 2506 | SH |  | SOLE |  | 0 | 0 | 2506 |
| ANNALY CAPITAL MANAGEMENT IN | COM | 035710409 |  | 810859 | 159933 | SH |  | SOLE |  | 0 | 0 | 159933 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 37800 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| ANTHEM INC | COM | 036752103 |  | 222499 | 980 | SH |  | SOLE |  | 0 | 0 | 980 |
| APHRIA INC | COM | 03765K104 |  | 571276 | 189520 | SH |  | SOLE |  | 0 | 0 | 189520 |
| APOLLO COML REAL EST FIN INC | COM | 03762U105 |  | 142204 | 19165 | SH |  | SOLE |  | 0 | 0 | 19165 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 429697 | 46859 | SH |  | SOLE |  | 0 | 0 | 46859 |
| APPLE INC | COM | 037833100 |  | 13912180 | 54710 | SH |  | SOLE |  | 0 | 0 | 54710 |
| APPLIED MATLS INC | COM | 038222105 |  | 780597 | 17036 | SH |  | SOLE |  | 0 | 0 | 17036 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 609787 | 56567 | SH |  | SOLE |  | 0 | 0 | 56567 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 223412 | 1103 | SH |  | SOLE |  | 0 | 0 | 1103 |
| ARMOUR RESIDENTIAL REIT INC | COM NEW | 042315507 |  | 432529 | 49095 | SH |  | SOLE |  | 0 | 0 | 49095 |
| AT INC | COM | 00206R102 |  | 1984284 | 68071 | SH |  | SOLE |  | 0 | 0 | 68071 |
| AURINIA PHARMACEUTICALS INC | COM | 05156V102 |  | 1638614 | 112930 | SH |  | SOLE |  | 0 | 0 | 112930 |
| AURORA CANNABIS INC | COM | 05156X108 |  | 54890 | 62000 | SH |  | SOLE |  | 0 | 0 | 62000 |
| BAYCOM CORP | COM | 07272M107 |  | 270655 | 22461 | SH |  | SOLE |  | 0 | 0 | 22461 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 207023 | 901 | SH |  | SOLE |  | 0 | 0 | 901 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2011861 | 11004 | SH |  | SOLE |  | 0 | 0 | 11004 |
| BEYOND MEAT INC | COM | 08862E109 |  | 361438 | 5427 | SH |  | SOLE |  | 0 | 0 | 5427 |
| BK OF AMERICA CORP | COM | 060505104 |  | 1253632 | 59050 | SH |  | SOLE |  | 0 | 0 | 59050 |
| BLACKBERRY LTD | COM | 09228F103 |  | 95341 | 23085 | SH |  | SOLE |  | 0 | 0 | 23085 |
| BLACKROCK ENERGY  RES TR | COM | 09250U101 |  | 66150 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| BLACKROCK TCP CAPITAL CORP | COM | 09259E108 |  | 90244 | 14439 | SH |  | SOLE |  | 0 | 0 | 14439 |
| BLACKSTONE GROUP INC | COM CL A | 09260D107 |  | 3838799 | 84240 | SH |  | SOLE |  | 0 | 0 | 84240 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 685495 | 36815 | SH |  | SOLE |  | 0 | 0 | 36815 |
| BOEING CO | COM | 097023105 |  | 1626968 | 10909 | SH |  | SOLE |  | 0 | 0 | 10909 |
| BOOKING HLDGS INC | COM | 09857L108 |  | 318841 | 237 | SH |  | SOLE |  | 0 | 0 | 237 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 339450 | 10403 | SH |  | SOLE |  | 0 | 0 | 10403 |
| BOX INC | CL A | 10316T104 |  | 143376 | 10212 | SH |  | SOLE |  | 0 | 0 | 10212 |
| BP PLC | SPONSORED ADR | 055622104 |  | 668604 | 27413 | SH |  | SOLE |  | 0 | 0 | 27413 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1515793 | 27194 | SH |  | SOLE |  | 0 | 0 | 27194 |
| BRISTOL-MYERS SQUIBB CO | RIGHT 99/99/9999 | 110122157 |  | 51593 | 13577 | SH |  | SOLE |  | 0 | 0 | 13577 |
| BROADCOM INC | COM | 11135F101 |  | 1354979 | 5715 | SH |  | SOLE |  | 0 | 0 | 5715 |
| CANOPY GROWTH CORP | COM | 138035100 |  | 193830 | 13471 | SH |  | SOLE |  | 0 | 0 | 13471 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 218750 | 4563 | SH |  | SOLE |  | 0 | 0 | 4563 |
| CATASYS INC | COM PAR | 149049504 |  | 1301190 | 85436 | SH |  | SOLE |  | 0 | 0 | 85436 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 243916 | 2102 | SH |  | SOLE |  | 0 | 0 | 2102 |
| CENTURYLINK INC | COM | 156700106 |  | 451763 | 47755 | SH |  | SOLE |  | 0 | 0 | 47755 |
| CERNER CORP | COM | 156782104 |  | 234134 | 3717 | SH |  | SOLE |  | 0 | 0 | 3717 |
| CHEVRON CORP NEW | COM | 166764100 |  | 582385 | 8037 | SH |  | SOLE |  | 0 | 0 | 8037 |
| CHIMERA INVT CORP | COM NEW | 16934Q208 |  | 241696 | 26560 | SH |  | SOLE |  | 0 | 0 | 26560 |
| CISCO SYS INC | COM | 17275R102 |  | 1227065 | 31215 | SH |  | SOLE |  | 0 | 0 | 31215 |
| CITIGROUP INC | COM NEW | 172967424 |  | 393527 | 9343 | SH |  | SOLE |  | 0 | 0 | 9343 |
| CLOROX CO DEL | COM | 189054109 |  | 432605 | 2497 | SH |  | SOLE |  | 0 | 0 | 2497 |
| COCA COLA CO | COM | 191216100 |  | 999990 | 22598 | SH |  | SOLE |  | 0 | 0 | 22598 |
| COHEN  STEERS MLP INC  ENR | COM SHS | 19249B106 |  | 17500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| COLONY CAP INC NEW | CL A COM | 19626G108 |  | 29433 | 16819 | SH |  | SOLE |  | 0 | 0 | 16819 |
| COLONY CR REAL ESTATE INC | COM CL A | 19625T101 |  | 577578 | 146593 | SH |  | SOLE |  | 0 | 0 | 146593 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 208147 | 6055 | SH |  | SOLE |  | 0 | 0 | 6055 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 541697 | 3779 | SH |  | SOLE |  | 0 | 0 | 3779 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2677377 | 9390 | SH |  | SOLE |  | 0 | 0 | 9390 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 505689 | 3502 | SH |  | SOLE |  | 0 | 0 | 3502 |
| CVS HEALTH CORP | COM | 126650100 |  | 1352475 | 22796 | SH |  | SOLE |  | 0 | 0 | 22796 |
| DBX ETF TR | XTRACK MSCI EURP | 233051853 |  | 235345 | 9725 | SH |  | SOLE |  | 0 | 0 | 9725 |
| DEXCOM INC | COM | 252131107 |  | 299159 | 1111 | SH |  | SOLE |  | 0 | 0 | 1111 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 720387 | 5186 | SH |  | SOLE |  | 0 | 0 | 5186 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 1930527 | 19985 | SH |  | SOLE |  | 0 | 0 | 19985 |
| DNP SELECT INCOME FD | COM | 23325P104 |  | 335308 | 34250 | SH |  | SOLE |  | 0 | 0 | 34250 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 210571 | 2917 | SH |  | SOLE |  | 0 | 0 | 2917 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 301564 | 22606 | SH |  | SOLE |  | 0 | 0 | 22606 |
| EAGLE PT CR CO LLC | COM | 269808101 |  | 740423 | 108249 | SH |  | SOLE |  | 0 | 0 | 108249 |
| EATON VANCE LTD DUR INCOME F | COM | 27828H105 |  | 321720 | 30437 | SH |  | SOLE |  | 0 | 0 | 30437 |
| ELDORADO RESORTS INC | COM | 28470R102 |  | 738720 | 51300 | SH |  | SOLE |  | 0 | 0 | 51300 |
| ENBRIDGE INC | COM | 29250N105 |  | 417709 | 14359 | SH |  | SOLE |  | 0 | 0 | 14359 |
| ENERGY TRANSFER LP | COM UT LTD PTN | 29273V100 |  | 95367 | 20732 | SH |  | SOLE |  | 0 | 0 | 20732 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 213889 | 6624 | SH |  | SOLE |  | 0 | 0 | 6624 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 145755 | 10193 | SH |  | SOLE |  | 0 | 0 | 10193 |
| EQUINIX INC | COM | 29444U700 |  | 614577 | 984 | SH |  | SOLE |  | 0 | 0 | 984 |
| ETF MANAGERS TR | ETFMG ALTR HRVST | 26924G508 |  | 282180 | 24753 | SH |  | SOLE |  | 0 | 0 | 24753 |
| ETF MANAGERS TR | PRIME CYBR SCRTY | 26924G201 |  | 449620 | 12605 | SH |  | SOLE |  | 0 | 0 | 12605 |
| ETF MANAGERS TR | PRIME MOBILE PAY | 26924G409 |  | 514922 | 13816 | SH |  | SOLE |  | 0 | 0 | 13816 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 255781 | 9109 | SH |  | SOLE |  | 0 | 0 | 9109 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1032138 | 27183 | SH |  | SOLE |  | 0 | 0 | 27183 |
| FACEBOOK INC | CL A | 30303M102 |  | 2491826 | 14939 | SH |  | SOLE |  | 0 | 0 | 14939 |
| FIDELITY COVINGTON TR | MSCI INFO TECH I | 316092808 |  | 352945 | 5630 | SH |  | SOLE |  | 0 | 0 | 5630 |
| FIRST TR ABERDEEN GLBL OPP F | COM SHS | 337319107 |  | 94161 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| FIRST TR EXCH TRADED FD III | LNG/SHT EQUITY | 33739P103 |  | 300060 | 8008 | SH |  | SOLE |  | 0 | 0 | 8008 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 407425 | 24843 | SH |  | SOLE |  | 0 | 0 | 24843 |
| FIRST TR EXCHANGE TRADED ALP | EM SML CP ALPH | 33737J307 |  | 7382746 | 295428 | SH |  | SOLE |  | 0 | 0 | 295428 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 203247 | 3730 | SH |  | SOLE |  | 0 | 0 | 3730 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 861336 | 33424 | SH |  | SOLE |  | 0 | 0 | 33424 |
| FIRST TR EXCHANGE TRADED FD | US EQTY OPPT ETF | 336920103 |  | 251284 | 3988 | SH |  | SOLE |  | 0 | 0 | 3988 |
| FIRST TR EXCHANGE-TRADED ALP | MID CP GR ALPH | 33737M102 |  | 597230 | 16161 | SH |  | SOLE |  | 0 | 0 | 16161 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 298313 | 2411 | SH |  | SOLE |  | 0 | 0 | 2411 |
| FIRST TR EXCHANGE-TRADED FD | DORSEY WRIGHT | 33738R878 |  | 604196 | 26889 | SH |  | SOLE |  | 0 | 0 | 26889 |
| FIRST TR EXCHANGE-TRADED FD | DORSEY WRT 5 ETF | 33738R605 |  | 627928 | 24423 | SH |  | SOLE |  | 0 | 0 | 24423 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 618428 | 10477 | SH |  | SOLE |  | 0 | 0 | 10477 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 1684632 | 33032 | SH |  | SOLE |  | 0 | 0 | 33032 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 242102 | 13609 | SH |  | SOLE |  | 0 | 0 | 13609 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 239812 | 5739 | SH |  | SOLE |  | 0 | 0 | 5739 |
| FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 33740F805 |  | 238803 | 4531 | SH |  | SOLE |  | 0 | 0 | 4531 |
| FIRST TR INTER DUR PFD  IN | COM | 33718W103 |  | 404754 | 22688 | SH |  | SOLE |  | 0 | 0 | 22688 |
| FIRST TR NAS100 EQ WEIGHTED | SHS | 337344105 |  | 330813 | 5310 | SH |  | SOLE |  | 0 | 0 | 5310 |
| FIRST TR NASDAQ-100 TECH IND | SHS | 337345102 |  | 1911860 | 22620 | SH |  | SOLE |  | 0 | 0 | 22620 |
| FIRST TR VALUE LINE DIVID IN | SHS | 33734H106 |  | 386247 | 13954 | SH |  | SOLE |  | 0 | 0 | 13954 |
| FORD MTR CO DEL | COM | 345370860 |  | 183289 | 37948 | SH |  | SOLE |  | 0 | 0 | 37948 |
| FORTINET INC | COM | 34959E109 |  | 1126730 | 11137 | SH |  | SOLE |  | 0 | 0 | 11137 |
| FRANKLIN LTD DURATION INCOME | COM | 35472T101 |  | 110331 | 14055 | SH |  | SOLE |  | 0 | 0 | 14055 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 298868 | 17907 | SH |  | SOLE |  | 0 | 0 | 17907 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 127711 | 18920 | SH |  | SOLE |  | 0 | 0 | 18920 |
| FS KKR CAPITAL CORP | COM | 302635107 |  | 139987 | 46662 | SH |  | SOLE |  | 0 | 0 | 46662 |
| GABELLI EQUITY TR INC | COM | 362397101 |  | 129195 | 29700 | SH |  | SOLE |  | 0 | 0 | 29700 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 477655 | 3610 | SH |  | SOLE |  | 0 | 0 | 3610 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 453864 | 57161 | SH |  | SOLE |  | 0 | 0 | 57161 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 708647 | 9479 | SH |  | SOLE |  | 0 | 0 | 9479 |
| GLOBAL NET LEASE INC | COM NEW | 379378201 |  | 961372 | 71905 | SH |  | SOLE |  | 0 | 0 | 71905 |
| GW PHARMACEUTICALS PLC | ADS | 36197T103 |  | 248874 | 2842 | SH |  | SOLE |  | 0 | 0 | 2842 |
| HANCOCK JOHN INVT TR | TAX ADV GLB SH | 41013P749 |  | 56363 | 11250 | SH |  | SOLE |  | 0 | 0 | 11250 |
| HANCOCK JOHN PFD INCOME FD I | COM | 41021P103 |  | 168250 | 12317 | SH |  | SOLE |  | 0 | 0 | 12317 |
| HANESBRANDS INC | COM | 410345102 |  | 130201 | 16544 | SH |  | SOLE |  | 0 | 0 | 16544 |
| HEALTHCARE TR AMER INC | CL A NEW | 42225P501 |  | 219515 | 9041 | SH |  | SOLE |  | 0 | 0 | 9041 |
| HIGHLAND INCOME FD | HIGHLAND INCOME | 43010E404 |  | 283153 | 33195 | SH |  | SOLE |  | 0 | 0 | 33195 |
| HOME DEPOT INC | COM | 437076102 |  | 2369910 | 12693 | SH |  | SOLE |  | 0 | 0 | 12693 |
| HONEYWELL INTL INC | COM | 438516106 |  | 639248 | 4778 | SH |  | SOLE |  | 0 | 0 | 4778 |
| HORIZON TECHNOLOGY FIN CORP | COM | 44045A102 |  | 83230 | 10250 | SH |  | SOLE |  | 0 | 0 | 10250 |
| HP INC | COM | 40434L105 |  | 179850 | 10360 | SH |  | SOLE |  | 0 | 0 | 10360 |
| INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 |  | 192081 | 10951 | SH |  | SOLE |  | 0 | 0 | 10951 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 124365 | 15148 | SH |  | SOLE |  | 0 | 0 | 15148 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 488318 | 6431 | SH |  | SOLE |  | 0 | 0 | 6431 |
| INOVIO PHARMACEUTICALS INC | COM NEW | 45773H201 |  | 82844 | 11135 | SH |  | SOLE |  | 0 | 0 | 11135 |
| INTEL CORP | COM | 458140100 |  | 1421354 | 26263 | SH |  | SOLE |  | 0 | 0 | 26263 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 546472 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 711617 | 1437 | SH |  | SOLE |  | 0 | 0 | 1437 |
| INVESCO ACTIVELY MANAGED ETF | ULTRA SHRT DUR | 46090A887 |  | 1972696 | 40006 | SH |  | SOLE |  | 0 | 0 | 40006 |
| INVESCO EXCHANGE TRADED FD T | DWA HEALTHCARE | 46137V852 |  | 223296 | 2619 | SH |  | SOLE |  | 0 | 0 | 2619 |
| INVESCO EXCHANGE TRADED FD T | DWA MOMENTUM | 46137V837 |  | 223016 | 4133 | SH |  | SOLE |  | 0 | 0 | 4133 |
| INVESCO EXCHANGE TRADED FD T | DYNMC SEMICNDT | 46137V647 |  | 418689 | 7705 | SH |  | SOLE |  | 0 | 0 | 7705 |
| INVESCO EXCHANGE TRADED FD T | DYNMC SOFTWARE | 46137V639 |  | 279169 | 3256 | SH |  | SOLE |  | 0 | 0 | 3256 |
| INVESCO EXCHANGE TRADED FD T | GBL LISTED PVT | 46137V589 |  | 127019 | 15627 | SH |  | SOLE |  | 0 | 0 | 15627 |
| INVESCO EXCHANGE TRADED FD T | S MDCP MOMNTUM | 46137V464 |  | 381065 | 7761 | SH |  | SOLE |  | 0 | 0 | 7761 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 384460 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| INVESCO EXCHANGE-TRADED FD T | PFD ETF | 46138E511 |  | 933926 | 70967 | SH |  | SOLE |  | 0 | 0 | 70967 |
| INVESCO EXCHANGE-TRADED FD T | S SMLCP LOW | 46138G102 |  | 446893 | 13485 | SH |  | SOLE |  | 0 | 0 | 13485 |
| INVESCO EXCHANGE-TRADED FD T | S HDL VOL | 46138E362 |  | 239901 | 7994 | SH |  | SOLE |  | 0 | 0 | 7994 |
| INVESCO EXCHANGE-TRADED FD T | S LOW VOL | 46138E354 |  | 1543632 | 32899 | SH |  | SOLE |  | 0 | 0 | 32899 |
| INVESCO LTD | SHS | G491BT108 |  | 340763 | 37529 | SH |  | SOLE |  | 0 | 0 | 37529 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5639726 | 29620 | SH |  | SOLE |  | 0 | 0 | 29620 |
| IRON MTN INC NEW | COM | 46284V101 |  | 624441 | 26237 | SH |  | SOLE |  | 0 | 0 | 26237 |
| ISHARES GOLD TRUST | ISHARES | 464285105 |  | 7357444 | 488218 | SH |  | SOLE |  | 0 | 0 | 488218 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 719152 | 17770 | SH |  | SOLE |  | 0 | 0 | 17770 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 1020980 | 78236 | SH |  | SOLE |  | 0 | 0 | 78236 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2321144 | 26781 | SH |  | SOLE |  | 0 | 0 | 26781 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 516080 | 3079 | SH |  | SOLE |  | 0 | 0 | 3079 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 316907 | 1921 | SH |  | SOLE |  | 0 | 0 | 1921 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 1138324 | 8537 | SH |  | SOLE |  | 0 | 0 | 8537 |
| ISHARES TR | BARCLAYS 7 10 YR | 464287440 |  | 748943 | 6165 | SH |  | SOLE |  | 0 | 0 | 6165 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 503209 | 7033 | SH |  | SOLE |  | 0 | 0 | 7033 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 389393 | 7120 | SH |  | SOLE |  | 0 | 0 | 7120 |
| ISHARES TR | CORE LT USDB ETF | 464289479 |  | 4618358 | 64837 | SH |  | SOLE |  | 0 | 0 | 64837 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 578629 | 11598 | SH |  | SOLE |  | 0 | 0 | 11598 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 209289 | 4452 | SH |  | SOLE |  | 0 | 0 | 4452 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 517159 | 3595 | SH |  | SOLE |  | 0 | 0 | 3595 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1432674 | 25533 | SH |  | SOLE |  | 0 | 0 | 25533 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 892385 | 15598 | SH |  | SOLE |  | 0 | 0 | 15598 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1383919 | 24241 | SH |  | SOLE |  | 0 | 0 | 24241 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 280313 | 6070 | SH |  | SOLE |  | 0 | 0 | 6070 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4357535 | 16863 | SH |  | SOLE |  | 0 | 0 | 16863 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 772683 | 6697 | SH |  | SOLE |  | 0 | 0 | 6697 |
| ISHARES TR | ESG MSCI USA ETF | 46435G425 |  | 361654 | 6291 | SH |  | SOLE |  | 0 | 0 | 6291 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 824144 | 16909 | SH |  | SOLE |  | 0 | 0 | 16909 |
| ISHARES TR | GLB CNSM STP ETF | 464288737 |  | 214790 | 4493 | SH |  | SOLE |  | 0 | 0 | 4493 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 225871 | 1239 | SH |  | SOLE |  | 0 | 0 | 1239 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 210204 | 2727 | SH |  | SOLE |  | 0 | 0 | 2727 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 668420 | 5412 | SH |  | SOLE |  | 0 | 0 | 5412 |
| ISHARES TR | LNG TR CRPRT BD | 464289511 |  | 327770 | 5152 | SH |  | SOLE |  | 0 | 0 | 5152 |
| ISHARES TR | MBS ETF | 464288588 |  | 1056440 | 9566 | SH |  | SOLE |  | 0 | 0 | 9566 |
| ISHARES TR | MIN VOL EAFE ETF | 46429B689 |  | 494559 | 7970 | SH |  | SOLE |  | 0 | 0 | 7970 |
| ISHARES TR | MORTGE REL ETF | 46435G342 |  | 573828 | 30686 | SH |  | SOLE |  | 0 | 0 | 30686 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 269366 | 1235 | SH |  | SOLE |  | 0 | 0 | 1235 |
| ISHARES TR | MRNGSTR LG-CP ET | 464287127 |  | 1216467 | 8299 | SH |  | SOLE |  | 0 | 0 | 8299 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 284728 | 5326 | SH |  | SOLE |  | 0 | 0 | 5326 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 762428 | 22339 | SH |  | SOLE |  | 0 | 0 | 22339 |
| ISHARES TR | MSCI MIN VOL ETF | 46429B697 |  | 1921958 | 35585 | SH |  | SOLE |  | 0 | 0 | 35585 |
| ISHARES TR | NASDAQ BIOTECH | 464287556 |  | 1166514 | 10827 | SH |  | SOLE |  | 0 | 0 | 10827 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1109802 | 34856 | SH |  | SOLE |  | 0 | 0 | 34856 |
| ISHARES TR | PHLX SEMICND ETF | 464287523 |  | 416372 | 2029 | SH |  | SOLE |  | 0 | 0 | 2029 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 609009 | 4303 | SH |  | SOLE |  | 0 | 0 | 4303 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 226401 | 1862 | SH |  | SOLE |  | 0 | 0 | 1862 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 282133 | 6535 | SH |  | SOLE |  | 0 | 0 | 6535 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 730313 | 6381 | SH |  | SOLE |  | 0 | 0 | 6381 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 544214 | 7400 | SH |  | SOLE |  | 0 | 0 | 7400 |
| ISHARES TR | SH TR CRPORT ETF | 464288646 |  | 478964 | 9148 | SH |  | SOLE |  | 0 | 0 | 9148 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1038618 | 9355 | SH |  | SOLE |  | 0 | 0 | 9355 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 1570930 | 13322 | SH |  | SOLE |  | 0 | 0 | 13322 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 769028 | 3413 | SH |  | SOLE |  | 0 | 0 | 3413 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2772586 | 13565 | SH |  | SOLE |  | 0 | 0 | 13565 |
| ISHARES TR | U.S. UTILITS ETF | 464287697 |  | 2194145 | 15889 | SH |  | SOLE |  | 0 | 0 | 15889 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 3733709 | 25956 | SH |  | SOLE |  | 0 | 0 | 25956 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 351561 | 1872 | SH |  | SOLE |  | 0 | 0 | 1872 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 610198 | 21785 | SH |  | SOLE |  | 0 | 0 | 21785 |
| ISHARES TR | USA MOMENTUM FCT | 46432F396 |  | 753984 | 7081 | SH |  | SOLE |  | 0 | 0 | 7081 |
| ISHARES TR | USA QUALITY FCTR | 46432F339 |  | 645936 | 7971 | SH |  | SOLE |  | 0 | 0 | 7971 |
| JERNIGAN CAP INC | COM | 476405105 |  | 148234 | 13525 | SH |  | SOLE |  | 0 | 0 | 13525 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1131783 | 8631 | SH |  | SOLE |  | 0 | 0 | 8631 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1421240 | 15786 | SH |  | SOLE |  | 0 | 0 | 15786 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 211113 | 1651 | SH |  | SOLE |  | 0 | 0 | 1651 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 216776 | 15573 | SH |  | SOLE |  | 0 | 0 | 15573 |
| KKR  CO INC | CL A | 48251W104 |  | 359208 | 15305 | SH |  | SOLE |  | 0 | 0 | 15305 |
| KLA CORPORATION | COM NEW | 482480100 |  | 434382 | 3022 | SH |  | SOLE |  | 0 | 0 | 3022 |
| KRAFT HEINZ CO | COM | 500754106 |  | 357810 | 14463 | SH |  | SOLE |  | 0 | 0 | 14463 |
| KROGER CO | COM | 501044101 |  | 240568 | 7987 | SH |  | SOLE |  | 0 | 0 | 7987 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 77430 | 15998 | SH |  | SOLE |  | 0 | 0 | 15998 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 |  | 291230 | 62630 | SH |  | SOLE |  | 0 | 0 | 62630 |
| LILLY ELI  CO | COM | 532457108 |  | 832597 | 6002 | SH |  | SOLE |  | 0 | 0 | 6002 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 619940 | 1829 | SH |  | SOLE |  | 0 | 0 | 1829 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 515955 | 2722 | SH |  | SOLE |  | 0 | 0 | 2722 |
| MACERICH CO | COM | 554382101 |  | 222667 | 39550 | SH |  | SOLE |  | 0 | 0 | 39550 |
| MACQUARIE INFRASTRUCTURE COR | COM | 55608B105 |  | 349687 | 13849 | SH |  | SOLE |  | 0 | 0 | 13849 |
| MARTIN MIDSTREAM PRTNRS L P | UNIT L P INT | 573331105 |  | 17240 | 15673 | SH |  | SOLE |  | 0 | 0 | 15673 |
| MASTERCARD INC | CL A | 57636Q104 |  | 1512732 | 6262 | SH |  | SOLE |  | 0 | 0 | 6262 |
| MCDONALDS CORP | COM | 580135101 |  | 1016900 | 6150 | SH |  | SOLE |  | 0 | 0 | 6150 |
| MERCK  CO. INC | COM | 58933Y105 |  | 1233413 | 16031 | SH |  | SOLE |  | 0 | 0 | 16031 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 513174 | 12201 | SH |  | SOLE |  | 0 | 0 | 12201 |
| MICROSOFT CORP | COM | 594918104 |  | 12136904 | 76957 | SH |  | SOLE |  | 0 | 0 | 76957 |
| MODERNA INC | COM | 60770K107 |  | 221480 | 7395 | SH |  | SOLE |  | 0 | 0 | 7395 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 604065 | 12062 | SH |  | SOLE |  | 0 | 0 | 12062 |
| MONROE CAP CORP | COM | 610335101 |  | 136753 | 19261 | SH |  | SOLE |  | 0 | 0 | 19261 |
| NETFLIX INC | COM | 64110L106 |  | 2725004 | 7257 | SH |  | SOLE |  | 0 | 0 | 7257 |
| NEW RESIDENTIAL INVT CORP | COM NEW | 64828T201 |  | 177394 | 35408 | SH |  | SOLE |  | 0 | 0 | 35408 |
| NEWTEK BUSINESS SVCS CORP | COM NEW | 652526203 |  | 356670 | 27000 | SH |  | SOLE |  | 0 | 0 | 27000 |
| NIKE INC | CL B | 654106103 |  | 206309 | 2493 | SH |  | SOLE |  | 0 | 0 | 2493 |
| NIO INC | SPON ADS | 62914V106 |  | 77562 | 27900 | SH |  | SOLE |  | 0 | 0 | 27900 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 122593 | 39546 | SH |  | SOLE |  | 0 | 0 | 39546 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 186320 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| NUCOR CORP | COM | 670346105 |  | 242259 | 6726 | SH |  | SOLE |  | 0 | 0 | 6726 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 284454 | 19377 | SH |  | SOLE |  | 0 | 0 | 19377 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 146625 | 10829 | SH |  | SOLE |  | 0 | 0 | 10829 |
| NUVEEN ARIZONA QLTY MUN INC | COM | 67061W104 |  | 282596 | 22790 | SH |  | SOLE |  | 0 | 0 | 22790 |
| NUVEEN CR STRATEGIES INCOME | COM SHS | 67073D102 |  | 115889 | 20439 | SH |  | SOLE |  | 0 | 0 | 20439 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 141530 | 10059 | SH |  | SOLE |  | 0 | 0 | 10059 |
| NUVEEN PFD  INCM SECURTIES | COM | 67072C105 |  | 133606 | 18403 | SH |  | SOLE |  | 0 | 0 | 18403 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 245134 | 33397 | SH |  | SOLE |  | 0 | 0 | 33397 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 168150 | 12238 | SH |  | SOLE |  | 0 | 0 | 12238 |
| NUVEEN TX ADV TOTAL RET STRG | COM | 67090H102 |  | 119328 | 16926 | SH |  | SOLE |  | 0 | 0 | 16926 |
| NVIDIA CORP | COM | 67066G104 |  | 9228906 | 35011 | SH |  | SOLE |  | 0 | 0 | 35011 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 408322 | 35261 | SH |  | SOLE |  | 0 | 0 | 35261 |
| OFFICE DEPOT INC | COM | 676220106 |  | 88560 | 54000 | SH |  | SOLE |  | 0 | 0 | 54000 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 122535 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| ORACLE CORP | COM | 68389X105 |  | 519450 | 10748 | SH |  | SOLE |  | 0 | 0 | 10748 |
| ORGANIGRAM HLDGS INC | COM | 68620P101 |  | 76178 | 38175 | SH |  | SOLE |  | 0 | 0 | 38175 |
| OVINTIV INC | COM | 69047Q102 |  | 163228 | 60232 | SH |  | SOLE |  | 0 | 0 | 60232 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 229329 | 54995 | SH |  | SOLE |  | 0 | 0 | 54995 |
| PACER FDS TR | TRENDPILOT US BD | 69374H642 |  | 386323 | 15144 | SH |  | SOLE |  | 0 | 0 | 15144 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 227413 | 1387 | SH |  | SOLE |  | 0 | 0 | 1387 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 210494 | 1042 | SH |  | SOLE |  | 0 | 0 | 1042 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 649405 | 6783 | SH |  | SOLE |  | 0 | 0 | 6783 |
| PAYSIGN INC | COM | 70451A104 |  | 71559 | 13868 | SH |  | SOLE |  | 0 | 0 | 13868 |
| PEOPLES UTD FINL INC | COM | 712704105 |  | 203055 | 18376 | SH |  | SOLE |  | 0 | 0 | 18376 |
| PEPSICO INC | COM | 713448108 |  | 1326024 | 11041 | SH |  | SOLE |  | 0 | 0 | 11041 |
| PFIZER INC | COM | 717081103 |  | 1406695 | 43097 | SH |  | SOLE |  | 0 | 0 | 43097 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 551747 | 7562 | SH |  | SOLE |  | 0 | 0 | 7562 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 399113 | 30915 | SH |  | SOLE |  | 0 | 0 | 30915 |
| PIMCO DYNAMIC CR  MTG INC F | COM SHS | 72202D106 |  | 214152 | 12732 | SH |  | SOLE |  | 0 | 0 | 12732 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 467756 | 21175 | SH |  | SOLE |  | 0 | 0 | 21175 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 536265 | 5051 | SH |  | SOLE |  | 0 | 0 | 5051 |
| PIMCO HIGH INCOME FD | COM SHS | 722014107 |  | 73500 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| PRINCIPAL REAL ESTATE INCOME | SHS BEN INT | 74255X104 |  | 205411 | 16962 | SH |  | SOLE |  | 0 | 0 | 16962 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 1007151 | 9156 | SH |  | SOLE |  | 0 | 0 | 9156 |
| PROLOGIS INC. | COM | 74340W103 |  | 716499 | 8915 | SH |  | SOLE |  | 0 | 0 | 8915 |
| PROSHARES TR | ULTRASHRT S | 74347B383 |  | 1024552 | 33647 | SH |  | SOLE |  | 0 | 0 | 33647 |
| PROSPECT CAPITAL CORPORATION | COM | 74348T102 |  | 113964 | 26815 | SH |  | SOLE |  | 0 | 0 | 26815 |
| PUTNAM MANAGED MUN INCOME TR | COM | 746823103 |  | 72000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 |  | 143464 | 31600 | SH |  | SOLE |  | 0 | 0 | 31600 |
| QUALCOMM INC | COM | 747525103 |  | 2631518 | 38899 | SH |  | SOLE |  | 0 | 0 | 38899 |
| REALOGY HLDGS CORP | COM | 75605Y106 |  | 182105 | 60500 | SH |  | SOLE |  | 0 | 0 | 60500 |
| REALTY INCOME CORP | COM | 756109104 |  | 277870 | 5573 | SH |  | SOLE |  | 0 | 0 | 5573 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 394050 | 807 | SH |  | SOLE |  | 0 | 0 | 807 |
| ROKU INC | COM CL A | 77543R102 |  | 391998 | 4481 | SH |  | SOLE |  | 0 | 0 | 4481 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 260855 | 7987 | SH |  | SOLE |  | 0 | 0 | 7987 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 878787 | 80475 | SH |  | SOLE |  | 0 | 0 | 80475 |
| SALESFORCE COM INC | COM | 79466L302 |  | 3104354 | 21561 | SH |  | SOLE |  | 0 | 0 | 21561 |
| SARATOGA INVT CORP | COM NEW | 80349A208 |  | 153083 | 13300 | SH |  | SOLE |  | 0 | 0 | 13300 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 334019 | 16144 | SH |  | SOLE |  | 0 | 0 | 16144 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 223008 | 4311 | SH |  | SOLE |  | 0 | 0 | 4311 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 1360278 | 25065 | SH |  | SOLE |  | 0 | 0 | 25065 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 803885 | 17872 | SH |  | SOLE |  | 0 | 0 | 17872 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1436488 | 18035 | SH |  | SOLE |  | 0 | 0 | 18035 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 765441 | 12497 | SH |  | SOLE |  | 0 | 0 | 12497 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 584801 | 13871 | SH |  | SOLE |  | 0 | 0 | 13871 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 601696 | 18378 | SH |  | SOLE |  | 0 | 0 | 18378 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 452432 | 15569 | SH |  | SOLE |  | 0 | 0 | 15569 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 371226 | 3785 | SH |  | SOLE |  | 0 | 0 | 3785 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 233183 | 4281 | SH |  | SOLE |  | 0 | 0 | 4281 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 949876 | 10723 | SH |  | SOLE |  | 0 | 0 | 10723 |
| SELECT SECTOR SPDR TR | SBI INT-FINL | 81369Y605 |  | 675350 | 32438 | SH |  | SOLE |  | 0 | 0 | 32438 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 815873 | 14724 | SH |  | SOLE |  | 0 | 0 | 14724 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1205397 | 14998 | SH |  | SOLE |  | 0 | 0 | 14998 |
| SEMPRA ENERGY | COM | 816851109 |  | 902112 | 7984 | SH |  | SOLE |  | 0 | 0 | 7984 |
| SERVICENOW INC | COM | 81762P102 |  | 207771 | 725 | SH |  | SOLE |  | 0 | 0 | 725 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 250438 | 545 | SH |  | SOLE |  | 0 | 0 | 545 |
| SHOPIFY INC | CL A | 82509L107 |  | 835111 | 2003 | SH |  | SOLE |  | 0 | 0 | 2003 |
| SLACK TECHNOLOGIES INC | COM CL A | 83088V102 |  | 234152 | 8724 | SH |  | SOLE |  | 0 | 0 | 8724 |
| SMITH A O CORP | COM | 831865209 |  | 208257 | 5508 | SH |  | SOLE |  | 0 | 0 | 5508 |
| SOLAR SR CAP LTD | COM | 83416M105 |  | 239420 | 24657 | SH |  | SOLE |  | 0 | 0 | 24657 |
| SPDR DOW JONES INDL AVRG ETF | UT SER 1 | 78467X109 |  | 1973529 | 9002 | SH |  | SOLE |  | 0 | 0 | 9002 |
| SPDR GOLD TRUST | GOLD SHS | 78463V107 |  | 2941606 | 19869 | SH |  | SOLE |  | 0 | 0 | 19869 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 427305 | 17849 | SH |  | SOLE |  | 0 | 0 | 17849 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6575844 | 25512 | SH |  | SOLE |  | 0 | 0 | 25512 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 297265 | 1131 | SH |  | SOLE |  | 0 | 0 | 1131 |
| SPDR SER TR | AEROSPACE DEF | 78464A631 |  | 252391 | 3317 | SH |  | SOLE |  | 0 | 0 | 3317 |
| SPDR SER TR | BLMBRG BRC CNVRT | 78464A359 |  | 398243 | 8321 | SH |  | SOLE |  | 0 | 0 | 8321 |
| SPDR SER TR | BLOMBERG INTL TR | 78464A516 |  | 464260 | 16700 | SH |  | SOLE |  | 0 | 0 | 16700 |
| SPDR SER TR | BLOOMBERG BRCLYS | 78468R622 |  | 369580 | 3901 | SH |  | SOLE |  | 0 | 0 | 3901 |
| SPDR SER TR | DORSEY WRGT FI | 78468R713 |  | 304034 | 13609 | SH |  | SOLE |  | 0 | 0 | 13609 |
| SPDR SER TR | PORTFOLIO SH TSR | 78468R101 |  | 258447 | 8413 | SH |  | SOLE |  | 0 | 0 | 8413 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 |  | 297257 | 7275 | SH |  | SOLE |  | 0 | 0 | 7275 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 833689 | 10766 | SH |  | SOLE |  | 0 | 0 | 10766 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 542283 | 6790 | SH |  | SOLE |  | 0 | 0 | 6790 |
| SPLUNK INC | COM | 848637104 |  | 281240 | 2228 | SH |  | SOLE |  | 0 | 0 | 2228 |
| SPROTT ETF TR | GOLD MINERS ETF | 85210B102 |  | 284773 | 14339 | SH |  | SOLE |  | 0 | 0 | 14339 |
| SPROTT PHYSICAL GOLD TRUST | UNIT | 85207H104 |  | 5210359 | 397131 | SH |  | SOLE |  | 0 | 0 | 397131 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 82399 | 15755 | SH |  | SOLE |  | 0 | 0 | 15755 |
| SQUARE INC | CL A | 852234103 |  | 424068 | 8096 | SH |  | SOLE |  | 0 | 0 | 8096 |
| STARBUCKS CORP | COM | 855244109 |  | 1572284 | 23916 | SH |  | SOLE |  | 0 | 0 | 23916 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 603623 | 58890 | SH |  | SOLE |  | 0 | 0 | 58890 |
| STONEMOR INC | COM | 86184W106 |  | 12430 | 11952 | SH |  | SOLE |  | 0 | 0 | 11952 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 331854 | 6944 | SH |  | SOLE |  | 0 | 0 | 6944 |
| TARGA RES CORP | COM | 87612G101 |  | 79465 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| TARGET CORP | COM | 87612E106 |  | 224430 | 2414 | SH |  | SOLE |  | 0 | 0 | 2414 |
| TCG BDC INC | COM | 872280102 |  | 76885 | 14729 | SH |  | SOLE |  | 0 | 0 | 14729 |
| TEMPLETON EMERGING MKTS INCO | COM | 880192109 |  | 74800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| TESLA INC | COM | 88160R101 |  | 1548420 | 2955 | SH |  | SOLE |  | 0 | 0 | 2955 |
| TEXAS INSTRS INC | COM | 882508104 |  | 208754 | 2089 | SH |  | SOLE |  | 0 | 0 | 2089 |
| TJX COS INC NEW | COM | 872540109 |  | 224181 | 4689 | SH |  | SOLE |  | 0 | 0 | 4689 |
| TORTOISE PIPELINE  ENERGY F | COM | 89148H108 |  | 35775 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| TRIPLEPOINT VENTURE GROWTH B | COM | 89677Y100 |  | 234726 | 40893 | SH |  | SOLE |  | 0 | 0 | 40893 |
| TWILIO INC | CL A | 90138F102 |  | 469465 | 5246 | SH |  | SOLE |  | 0 | 0 | 5246 |
| TWITTER INC | COM | 90184L102 |  | 482555 | 19648 | SH |  | SOLE |  | 0 | 0 | 19648 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 256920 | 9202 | SH |  | SOLE |  | 0 | 0 | 9202 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 312934 | 3350 | SH |  | SOLE |  | 0 | 0 | 3350 |
| UNITED STATES OIL FUND LP | UNITS | 91232N108 |  | 65002 | 15440 | SH |  | SOLE |  | 0 | 0 | 15440 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 834787 | 3347 | SH |  | SOLE |  | 0 | 0 | 3347 |
| VANECK VECTORS ETF TR | PFD SECS EX FINL | 92189F429 |  | 323006 | 19576 | SH |  | SOLE |  | 0 | 0 | 19576 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1078570 | 12074 | SH |  | SOLE |  | 0 | 0 | 12074 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 940057 | 11439 | SH |  | SOLE |  | 0 | 0 | 11439 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1718949 | 20140 | SH |  | SOLE |  | 0 | 0 | 20140 |
| VANGUARD CHARLOTTE FDS | INTL BD IDX ETF | 92203J407 |  | 326421 | 5802 | SH |  | SOLE |  | 0 | 0 | 5802 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 900825 | 5749 | SH |  | SOLE |  | 0 | 0 | 5749 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 476562 | 4024 | SH |  | SOLE |  | 0 | 0 | 4024 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 827450 | 6531 | SH |  | SOLE |  | 0 | 0 | 6531 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 310886 | 3824 | SH |  | SOLE |  | 0 | 0 | 3824 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 789238 | 11299 | SH |  | SOLE |  | 0 | 0 | 11299 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 950312 | 4013 | SH |  | SOLE |  | 0 | 0 | 4013 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 239517 | 2697 | SH |  | SOLE |  | 0 | 0 | 2697 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 320346 | 2775 | SH |  | SOLE |  | 0 | 0 | 2775 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 324808 | 2161 | SH |  | SOLE |  | 0 | 0 | 2161 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1541893 | 11961 | SH |  | SOLE |  | 0 | 0 | 11961 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1061328 | 11917 | SH |  | SOLE |  | 0 | 0 | 11917 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 390009 | 11625 | SH |  | SOLE |  | 0 | 0 | 11625 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 486512 | 7747 | SH |  | SOLE |  | 0 | 0 | 7747 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 955788 | 19618 | SH |  | SOLE |  | 0 | 0 | 19618 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 456090 | 5237 | SH |  | SOLE |  | 0 | 0 | 5237 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 202020 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2230797 | 21577 | SH |  | SOLE |  | 0 | 0 | 21577 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 667290 | 15903 | SH |  | SOLE |  | 0 | 0 | 15903 |
| VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 |  | 679311 | 20375 | SH |  | SOLE |  | 0 | 0 | 20375 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1930935 | 27292 | SH |  | SOLE |  | 0 | 0 | 27292 |
| VANGUARD WORLD FD | EXTENDED DUR | 921910709 |  | 885748 | 5283 | SH |  | SOLE |  | 0 | 0 | 5283 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 358874 | 2824 | SH |  | SOLE |  | 0 | 0 | 2824 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 398989 | 2895 | SH |  | SOLE |  | 0 | 0 | 2895 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 271225 | 1633 | SH |  | SOLE |  | 0 | 0 | 1633 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 768986 | 3629 | SH |  | SOLE |  | 0 | 0 | 3629 |
| VEREIT INC | COM | 92339V100 |  | 146103 | 29878 | SH |  | SOLE |  | 0 | 0 | 29878 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2363118 | 43981 | SH |  | SOLE |  | 0 | 0 | 43981 |
| VERMILION ENERGY INC | COM | 923725105 |  | 204434 | 67350 | SH |  | SOLE |  | 0 | 0 | 67350 |
| VILLAGE FARMS INTL INC | COM | 92707Y108 |  | 174748 | 61560 | SH |  | SOLE |  | 0 | 0 | 61560 |
| VIRGIN GALACTIC HOLDINGS INC | COM | 92766K106 |  | 333511 | 22565 | SH |  | SOLE |  | 0 | 0 | 22565 |
| VIRTUS GLOBAL MULTI-SEC INC | COM | 92829B101 |  | 102667 | 10639 | SH |  | SOLE |  | 0 | 0 | 10639 |
| VISA INC | COM CL A | 92826C839 |  | 3285808 | 20393 | SH |  | SOLE |  | 0 | 0 | 20393 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 339782 | 24676 | SH |  | SOLE |  | 0 | 0 | 24676 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 829127 | 18123 | SH |  | SOLE |  | 0 | 0 | 18123 |
| WALMART INC | COM | 931142103 |  | 1571450 | 13831 | SH |  | SOLE |  | 0 | 0 | 13831 |
| WASHINGTON PRIME GROUP NEW | COM | 93964W108 |  | 126114 | 156643 | SH |  | SOLE |  | 0 | 0 | 156643 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 604417 | 6530 | SH |  | SOLE |  | 0 | 0 | 6530 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 278223 | 9694 | SH |  | SOLE |  | 0 | 0 | 9694 |
| WELLS FARGO GLOBAL DIVIDEND | COM | 94987C103 |  | 80945 | 21877 | SH |  | SOLE |  | 0 | 0 | 21877 |
| WELLS FARGO MULTI SECTOR INC | COM | 94987D101 |  | 305565 | 31731 | SH |  | SOLE |  | 0 | 0 | 31731 |
| WESTERN ASSET MTG CAP CORP | COM | 95790D105 |  | 214688 | 93750 | SH |  | SOLE |  | 0 | 0 | 93750 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 37260 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| WISDOMTREE TR | INTL EQUITY FD | 97717W703 |  | 1432184 | 36267 | SH |  | SOLE |  | 0 | 0 | 36267 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 250612 | 10373 | SH |  | SOLE |  | 0 | 0 | 10373 |
| WORKDAY INC | CL A | 98138H101 |  | 381545 | 2930 | SH |  | SOLE |  | 0 | 0 | 2930 |
| WP CAREY INC | COM | 92936U109 |  | 408883 | 7040 | SH |  | SOLE |  | 0 | 0 | 7040 |
| YIREN DIGITAL LTD | SPONSORED ADS | 98585L100 |  | 67296 | 16782 | SH |  | SOLE |  | 0 | 0 | 16782 |
| YUM BRANDS INC | COM | 988498101 |  | 245611 | 3584 | SH |  | SOLE |  | 0 | 0 | 3584 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 432223 | 2958 | SH |  | SOLE |  | 0 | 0 | 2958 |

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