# EDGAR Filing Document

**Accession Number:** 0001542265
**File Stem:** 0001542265-25-000007
**Filing Date:** 2025-10
**Character Count:** 41145
**Document Hash:** eae1ea032a7d5a67953d57ba915e4fce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001542265-25-000007.hdr.sgml**: 20251006

**ACCESSION NUMBER**: 0001542265-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251006

**DATE AS OF CHANGE**: 20251006

**EFFECTIVENESS DATE**: 20251006

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gradient Investments LLC
- **CENTRAL INDEX KEY:** 0001542265

**ORGANIZATION NAME:**
- **EIN:** 205397206
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14840
- **FILM NUMBER:** 251376591

**BUSINESS ADDRESS:**
- **STREET 1:** 4105 LEXINGTON AVENUE NORTH
- **STREET 2:** SUITE 250
- **CITY:** ARDEN HILLS
- **STATE:** MN
- **ZIP:** 55126
- **BUSINESS PHONE:** 888-824-3525

**MAIL ADDRESS:**
- **STREET 1:** 4105 LEXINGTON AVENUE NORTH
- **STREET 2:** SUITE 250
- **CITY:** ARDEN HILLS
- **STATE:** MN
- **ZIP:** 55126

### 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:** Gradient Investments LLC<br>**Address:** 4105 LEXINGTON AVENUE NORTH<br>SUITE 250<br>ARDEN HILLS, MN 55126

**Form 13F File Number:** 028-14840

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:** Nicole Alexander<br>**Title:** Chief Compliance Officer<br>**Phone:** 888-824-3525

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

Nicole Alexander  Arden Hills, MN  10-06-2025<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:** 369

**Form 13F Information Table Value Total:** $5989604526

      (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 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 2102643 | 32219 | SH |  | SOLE |  | 0 | 0 | 32219 |
| ISHARES TR | CORE S ETF | 464287200 |  | 16965178 | 25348 | SH |  | SOLE |  | 0 | 0 | 25348 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 298903 | 2476 | SH |  | SOLE |  | 0 | 0 | 2476 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1476921 | 2217 | SH |  | SOLE |  | 0 | 0 | 2217 |
| AMAZON COM INC | COM | 023135106 |  | 125570899 | 571895 | SH |  | SOLE |  | 0 | 0 | 571895 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 288062 | 6387 | SH |  | SOLE |  | 0 | 0 | 6387 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 41667579 | 82881 | SH |  | SOLE |  | 0 | 0 | 82881 |
| BOEING CO | COM | 097023105 |  | 1151669 | 5336 | SH |  | SOLE |  | 0 | 0 | 5336 |
| SYNOPSYS INC | COM | 871607107 |  | 20980916 | 42524 | SH |  | SOLE |  | 0 | 0 | 42524 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7868919 | 13107 | SH |  | SOLE |  | 0 | 0 | 13107 |
| AMGEN INC | COM | 031162100 |  | 13418792 | 47551 | SH |  | SOLE |  | 0 | 0 | 47551 |
| ABBOTT LABS | COM | 002824100 |  | 40102409 | 299406 | SH |  | SOLE |  | 0 | 0 | 299406 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 504299 | 3117 | SH |  | SOLE |  | 0 | 0 | 3117 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 14890555 | 225410 | SH |  | SOLE |  | 0 | 0 | 225410 |
| INTEL CORP | COM | 458140100 |  | 265046 | 7900 | SH |  | SOLE |  | 0 | 0 | 7900 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2065480 | 7921 | SH |  | SOLE |  | 0 | 0 | 7921 |
| KEYCORP | COM | 493267108 |  | 1868327 | 99964 | SH |  | SOLE |  | 0 | 0 | 99964 |
| ORACLE CORP | COM | 68389X105 |  | 19721182 | 70122 | SH |  | SOLE |  | 0 | 0 | 70122 |
| QUALCOMM INC | COM | 747525103 |  | 262399 | 1577 | SH |  | SOLE |  | 0 | 0 | 1577 |
| DISNEY WALT CO | COM | 254687106 |  | 13093893 | 114357 | SH |  | SOLE |  | 0 | 0 | 114357 |
| HONEYWELL INTL INC | COM | 438516106 |  | 12751138 | 60575 | SH |  | SOLE |  | 0 | 0 | 60575 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1118074 | 3229 | SH |  | SOLE |  | 0 | 0 | 3229 |
| SEMPRA | COM | 816851109 |  | 838869 | 9323 | SH |  | SOLE |  | 0 | 0 | 9323 |
| SYSCO CORP | COM | 871829107 |  | 1273405 | 15465 | SH |  | SOLE |  | 0 | 0 | 15465 |
| US BANCORP DEL | COM NEW | 902973304 |  | 14003566 | 289749 | SH |  | SOLE |  | 0 | 0 | 289749 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 42192198 | 227549 | SH |  | SOLE |  | 0 | 0 | 227549 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 44121171 | 463263 | SH |  | SOLE |  | 0 | 0 | 463263 |
| PFIZER INC | COM | 717081103 |  | 4084646 | 160308 | SH |  | SOLE |  | 0 | 0 | 160308 |
| EDISON INTL | COM | 281020107 |  | 1385151 | 25057 | SH |  | SOLE |  | 0 | 0 | 25057 |
| KROGER CO | COM | 501044101 |  | 416526 | 6179 | SH |  | SOLE |  | 0 | 0 | 6179 |
| LOWES COS INC | COM | 548661107 |  | 36938544 | 146984 | SH |  | SOLE |  | 0 | 0 | 146984 |
| CHEVRON CORP NEW | COM | 166764100 |  | 51277488 | 330205 | SH |  | SOLE |  | 0 | 0 | 330205 |
| MICROSOFT CORP | COM | 594918104 |  | 147699981 | 285163 | SH |  | SOLE |  | 0 | 0 | 285163 |
| AT INC | COM | 00206R102 |  | 13106166 | 464099 | SH |  | SOLE |  | 0 | 0 | 464099 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 14471710 | 139500 | SH |  | SOLE |  | 0 | 0 | 139500 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 303416 | 6636 | SH |  | SOLE |  | 0 | 0 | 6636 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2373882 | 23388 | SH |  | SOLE |  | 0 | 0 | 23388 |
| CISCO SYS INC | COM | 17275R102 |  | 604962 | 8842 | SH |  | SOLE |  | 0 | 0 | 8842 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 12090378 | 42849 | SH |  | SOLE |  | 0 | 0 | 42849 |
| COCA COLA CO | COM | 191216100 |  | 36216125 | 546081 | SH |  | SOLE |  | 0 | 0 | 546081 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 6029879 | 12079 | SH |  | SOLE |  | 0 | 0 | 12079 |
| PEPSICO INC | COM | 713448108 |  | 543133 | 3867 | SH |  | SOLE |  | 0 | 0 | 3867 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 253195 | 5761 | SH |  | SOLE |  | 0 | 0 | 5761 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 241133 | 2307 | SH |  | SOLE |  | 0 | 0 | 2307 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 44237250 | 821185 | SH |  | SOLE |  | 0 | 0 | 821185 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 309047 | 1096 | SH |  | SOLE |  | 0 | 0 | 1096 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 254498 | 1062 | SH |  | SOLE |  | 0 | 0 | 1062 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 440427 | 2041 | SH |  | SOLE |  | 0 | 0 | 2041 |
| BANK AMERICA CORP | COM | 060505104 |  | 35289290 | 684034 | SH |  | SOLE |  | 0 | 0 | 684034 |
| STARBUCKS CORP | COM | 855244109 |  | 23127899 | 273379 | SH |  | SOLE |  | 0 | 0 | 273379 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 16467269 | 146051 | SH |  | SOLE |  | 0 | 0 | 146051 |
| AFLAC INC | COM | 001055102 |  | 798655 | 7150 | SH |  | SOLE |  | 0 | 0 | 7150 |
| WALMART INC | COM | 931142103 |  | 43357046 | 420697 | SH |  | SOLE |  | 0 | 0 | 420697 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1180337 | 15385 | SH |  | SOLE |  | 0 | 0 | 15385 |
| TEXAS INSTRS INC | COM | 882508104 |  | 11693475 | 63645 | SH |  | SOLE |  | 0 | 0 | 63645 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1423541 | 5097 | SH |  | SOLE |  | 0 | 0 | 5097 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 1118053 | 18731 | SH |  | SOLE |  | 0 | 0 | 18731 |
| TARGET CORP | COM | 87612E106 |  | 25473781 | 283989 | SH |  | SOLE |  | 0 | 0 | 283989 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 263322 | 3294 | SH |  | SOLE |  | 0 | 0 | 3294 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 24381300 | 26340 | SH |  | SOLE |  | 0 | 0 | 26340 |
| ELI LILLY  CO | COM | 532457108 |  | 637179 | 835 | SH |  | SOLE |  | 0 | 0 | 835 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 4038851 | 117511 | SH |  | SOLE |  | 0 | 0 | 117511 |
| MCKESSON CORP | COM | 58155Q103 |  | 322977 | 418 | SH |  | SOLE |  | 0 | 0 | 418 |
| MERCK  CO INC | COM | 58933Y105 |  | 349120 | 4160 | SH |  | SOLE |  | 0 | 0 | 4160 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 53580733 | 337071 | SH |  | SOLE |  | 0 | 0 | 337071 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1317130 | 10271 | SH |  | SOLE |  | 0 | 0 | 10271 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 34465499 | 224312 | SH |  | SOLE |  | 0 | 0 | 224312 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 59821808 | 75120 | SH |  | SOLE |  | 0 | 0 | 75120 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 1370837 | 19313 | SH |  | SOLE |  | 0 | 0 | 19313 |
| HOME DEPOT INC | COM | 437076102 |  | 15352333 | 37889 | SH |  | SOLE |  | 0 | 0 | 37889 |
| MCDONALDS CORP | COM | 580135101 |  | 37962141 | 124921 | SH |  | SOLE |  | 0 | 0 | 124921 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 59424233 | 188391 | SH |  | SOLE |  | 0 | 0 | 188391 |
| WILLIAMS COS INC | COM | 969457100 |  | 441930 | 6976 | SH |  | SOLE |  | 0 | 0 | 6976 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 13713878 | 163611 | SH |  | SOLE |  | 0 | 0 | 163611 |
| PROGRESSIVE CORP | COM | 743315103 |  | 723317 | 2929 | SH |  | SOLE |  | 0 | 0 | 2929 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 1421440 | 17109 | SH |  | SOLE |  | 0 | 0 | 17109 |
| FORD MTR CO | COM | 345370860 |  | 184227 | 15404 | SH |  | SOLE |  | 0 | 0 | 15404 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 48861096 | 141503 | SH |  | SOLE |  | 0 | 0 | 141503 |
| SAIA INC | COM | 78709Y105 |  | 1432138 | 4784 | SH |  | SOLE |  | 0 | 0 | 4784 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 18446794 | 578088 | SH |  | SOLE |  | 0 | 0 | 578088 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 10897519 | 44191 | SH |  | SOLE |  | 0 | 0 | 44191 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 19152912 | 194446 | SH |  | SOLE |  | 0 | 0 | 194446 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 1554593 | 22718 | SH |  | SOLE |  | 0 | 0 | 22718 |
| RTX CORPORATION | COM | 75513E101 |  | 15789680 | 94363 | SH |  | SOLE |  | 0 | 0 | 94363 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 1290214 | 21425 | SH |  | SOLE |  | 0 | 0 | 21425 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3161934 | 9635 | SH |  | SOLE |  | 0 | 0 | 9635 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 13907755 | 128064 | SH |  | SOLE |  | 0 | 0 | 128064 |
| WELLTOWER INC | COM | 95040Q104 |  | 15523656 | 87143 | SH |  | SOLE |  | 0 | 0 | 87143 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 33400235 | 442446 | SH |  | SOLE |  | 0 | 0 | 442446 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 922508 | 7455 | SH |  | SOLE |  | 0 | 0 | 7455 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 23768579 | 251280 | SH |  | SOLE |  | 0 | 0 | 251280 |
| CSX CORP | COM | 126408103 |  | 251518 | 7083 | SH |  | SOLE |  | 0 | 0 | 7083 |
| APPLE INC | COM | 037833100 |  | 122719363 | 481952 | SH |  | SOLE |  | 0 | 0 | 481952 |
| ALLSTATE CORP | COM | 020002101 |  | 14386810 | 67025 | SH |  | SOLE |  | 0 | 0 | 67025 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 262225 | 3890 | SH |  | SOLE |  | 0 | 0 | 3890 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 33688236 | 251593 | SH |  | SOLE |  | 0 | 0 | 251593 |
| CATERPILLAR INC | COM | 149123101 |  | 690265 | 1447 | SH |  | SOLE |  | 0 | 0 | 1447 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 13504243 | 477013 | SH |  | SOLE |  | 0 | 0 | 477013 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 1823878 | 43623 | SH |  | SOLE |  | 0 | 0 | 43623 |
| DTE ENERGY CO | COM | 233331107 |  | 203801 | 1441 | SH |  | SOLE |  | 0 | 0 | 1441 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 201461 | 1062 | SH |  | SOLE |  | 0 | 0 | 1062 |
| HALLIBURTON CO | COM | 406216101 |  | 339723 | 13810 | SH |  | SOLE |  | 0 | 0 | 13810 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1205827 | 24454 | SH |  | SOLE |  | 0 | 0 | 24454 |
| ECOLAB INC | COM | 278865100 |  | 24004421 | 87652 | SH |  | SOLE |  | 0 | 0 | 87652 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 713449 | 2148 | SH |  | SOLE |  | 0 | 0 | 2148 |
| GENERAL MLS INC | COM | 370334104 |  | 12746529 | 252807 | SH |  | SOLE |  | 0 | 0 | 252807 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1848278 | 39117 | SH |  | SOLE |  | 0 | 0 | 39117 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 1227879 | 73350 | SH |  | SOLE |  | 0 | 0 | 73350 |
| EOG RES INC | COM | 26875P101 |  | 330193 | 2945 | SH |  | SOLE |  | 0 | 0 | 2945 |
| SOUTHERN CO | COM | 842587107 |  | 446651 | 4713 | SH |  | SOLE |  | 0 | 0 | 4713 |
| AVERY DENNISON CORP | COM | 053611109 |  | 11506947 | 70956 | SH |  | SOLE |  | 0 | 0 | 70956 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 15861721 | 26032 | SH |  | SOLE |  | 0 | 0 | 26032 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 675081 | 3965 | SH |  | SOLE |  | 0 | 0 | 3965 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 14001477 | 40058 | SH |  | SOLE |  | 0 | 0 | 40058 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 3928920 | 36443 | SH |  | SOLE |  | 0 | 0 | 36443 |
| NETFLIX INC | COM | 64110L106 |  | 32639983 | 27224 | SH |  | SOLE |  | 0 | 0 | 27224 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 272680 | 7432 | SH |  | SOLE |  | 0 | 0 | 7432 |
| CME GROUP INC | COM | 12572Q105 |  | 12966427 | 47990 | SH |  | SOLE |  | 0 | 0 | 47990 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 22491265 | 230372 | SH |  | SOLE |  | 0 | 0 | 230372 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1101504 | 10658 | SH |  | SOLE |  | 0 | 0 | 10658 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 147865739 | 792506 | SH |  | SOLE |  | 0 | 0 | 792506 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 16048232 | 40977 | SH |  | SOLE |  | 0 | 0 | 40977 |
| CMS ENERGY CORP | COM | 125896100 |  | 306901 | 4189 | SH |  | SOLE |  | 0 | 0 | 4189 |
| CHOICEONE FINL SVCS INC | COM | 170386106 |  | 269849 | 9318 | SH |  | SOLE |  | 0 | 0 | 9318 |
| NUCOR CORP | COM | 670346105 |  | 205312 | 1516 | SH |  | SOLE |  | 0 | 0 | 1516 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 242192 | 1418 | SH |  | SOLE |  | 0 | 0 | 1418 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 14909308 | 132527 | SH |  | SOLE |  | 0 | 0 | 132527 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 22982232 | 471721 | SH |  | SOLE |  | 0 | 0 | 471721 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 16234370 | 53156 | SH |  | SOLE |  | 0 | 0 | 53156 |
| EATON CORP PLC | SHS | G29183103 |  | 40881947 | 109237 | SH |  | SOLE |  | 0 | 0 | 109237 |
| UNITED RENTALS INC | COM | 911363109 |  | 39149921 | 41009 | SH |  | SOLE |  | 0 | 0 | 41009 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 2104234 | 32165 | SH |  | SOLE |  | 0 | 0 | 32165 |
| COMERICA INC | COM | 200340107 |  | 387549 | 5656 | SH |  | SOLE |  | 0 | 0 | 5656 |
| MOODYS CORP | COM | 615369105 |  | 12223618 | 25654 | SH |  | SOLE |  | 0 | 0 | 25654 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 223395 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 1056336 | 22380 | SH |  | SOLE |  | 0 | 0 | 22380 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 658777 | 11872 | SH |  | SOLE |  | 0 | 0 | 11872 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1125711 | 5891 | SH |  | SOLE |  | 0 | 0 | 5891 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 36494366 | 294904 | SH |  | SOLE |  | 0 | 0 | 294904 |
| NORDSON CORP | COM | 655663102 |  | 1607941 | 7085 | SH |  | SOLE |  | 0 | 0 | 7085 |
| PAPA JOHNS INTL INC | COM | 698813102 |  | 13036280 | 270743 | SH |  | SOLE |  | 0 | 0 | 270743 |
| BALL CORP | COM | 058498106 |  | 11665314 | 231363 | SH |  | SOLE |  | 0 | 0 | 231363 |
| CINTAS CORP | COM | 172908105 |  | 231944 | 1130 | SH |  | SOLE |  | 0 | 0 | 1130 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2338116 | 9618 | SH |  | SOLE |  | 0 | 0 | 9618 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 405947 | 1142 | SH |  | SOLE |  | 0 | 0 | 1142 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 715385 | 6243 | SH |  | SOLE |  | 0 | 0 | 6243 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 311890 | 1672 | SH |  | SOLE |  | 0 | 0 | 1672 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 452571 | 1926 | SH |  | SOLE |  | 0 | 0 | 1926 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1105479 | 11723 | SH |  | SOLE |  | 0 | 0 | 11723 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 1209374 | 16642 | SH |  | SOLE |  | 0 | 0 | 16642 |
| SHELL PLC | SPON ADS | 780259305 |  | 1284111 | 17952 | SH |  | SOLE |  | 0 | 0 | 17952 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 665247 | 1387 | SH |  | SOLE |  | 0 | 0 | 1387 |
| CRH PLC | ORD | G25508105 |  | 1313505 | 10955 | SH |  | SOLE |  | 0 | 0 | 10955 |
| QUANTA SVCS INC | COM | 74762E102 |  | 29203798 | 70469 | SH |  | SOLE |  | 0 | 0 | 70469 |
| MOSAIC CO NEW | COM | 61945C103 |  | 12677984 | 365570 | SH |  | SOLE |  | 0 | 0 | 365570 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 509698 | 15948 | SH |  | SOLE |  | 0 | 0 | 15948 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 12752795 | 75693 | SH |  | SOLE |  | 0 | 0 | 75693 |
| EAGLE MATLS INC | COM | 26969P108 |  | 1249327 | 5361 | SH |  | SOLE |  | 0 | 0 | 5361 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2656439 | 2744 | SH |  | SOLE |  | 0 | 0 | 2744 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 5350851 | 73531 | SH |  | SOLE |  | 0 | 0 | 73531 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1168920 | 29827 | SH |  | SOLE |  | 0 | 0 | 29827 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2205386 | 4547 | SH |  | SOLE |  | 0 | 0 | 4547 |
| TIDAL TRUST II | ROUNDHILL GENER | 88636J600 |  | 19645806 | 319444 | SH |  | SOLE |  | 0 | 0 | 319444 |
| SALESFORCE INC | COM | 79466L302 |  | 260463 | 1099 | SH |  | SOLE |  | 0 | 0 | 1099 |
| DEXCOM INC | COM | 252131107 |  | 19625988 | 291663 | SH |  | SOLE |  | 0 | 0 | 291663 |
| SMITH A O CORP | COM | 831865209 |  | 502124 | 6840 | SH |  | SOLE |  | 0 | 0 | 6840 |
| ENBRIDGE INC | COM | 29250N105 |  | 243998 | 4835 | SH |  | SOLE |  | 0 | 0 | 4835 |
| ROYAL BK CDA | COM | 780087102 |  | 1201542 | 8156 | SH |  | SOLE |  | 0 | 0 | 8156 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 318829 | 427 | SH |  | SOLE |  | 0 | 0 | 427 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 213841 | 5047 | SH |  | SOLE |  | 0 | 0 | 5047 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 1085203 | 22722 | SH |  | SOLE |  | 0 | 0 | 22722 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 1324656 | 16581 | SH |  | SOLE |  | 0 | 0 | 16581 |
| EQUINIX INC | COM | 29444U700 |  | 20147924 | 25724 | SH |  | SOLE |  | 0 | 0 | 25724 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 456602 | 3328 | SH |  | SOLE |  | 0 | 0 | 3328 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 450821 | 8857 | SH |  | SOLE |  | 0 | 0 | 8857 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 1382861 | 16593 | SH |  | SOLE |  | 0 | 0 | 16593 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 387353 | 22573 | SH |  | SOLE |  | 0 | 0 | 22573 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 24668133 | 175026 | SH |  | SOLE |  | 0 | 0 | 175026 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 262685 | 1804 | SH |  | SOLE |  | 0 | 0 | 1804 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 |  | 1103319 | 13277 | SH |  | SOLE |  | 0 | 0 | 13277 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 25404075 | 40306 | SH |  | SOLE |  | 0 | 0 | 40306 |
| M/I HOMES INC | COM | 55305B101 |  | 2100158 | 14540 | SH |  | SOLE |  | 0 | 0 | 14540 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 1501272 | 53636 | SH |  | SOLE |  | 0 | 0 | 53636 |
| BASSETT FURNITURE INDS INC | COM | 070203104 |  | 160044 | 10233 | SH |  | SOLE |  | 0 | 0 | 10233 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 872273 | 7194 | SH |  | SOLE |  | 0 | 0 | 7194 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 239295 | 3353 | SH |  | SOLE |  | 0 | 0 | 3353 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 12641617 | 238386 | SH |  | SOLE |  | 0 | 0 | 238386 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 3971941 | 69452 | SH |  | SOLE |  | 0 | 0 | 69452 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 5202987 | 41310 | SH |  | SOLE |  | 0 | 0 | 41310 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 1410700 | 6426 | SH |  | SOLE |  | 0 | 0 | 6426 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 233481 | 6388 | SH |  | SOLE |  | 0 | 0 | 6388 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 384515 | 2728 | SH |  | SOLE |  | 0 | 0 | 2728 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 20872605 | 196005 | SH |  | SOLE |  | 0 | 0 | 196005 |
| SPDR SERIES TRUST | NUVEEN ICE MUNIC | 78468R721 |  | 2028731 | 44519 | SH |  | SOLE |  | 0 | 0 | 44519 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 1021318 | 5740 | SH |  | SOLE |  | 0 | 0 | 5740 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 33598625 | 366198 | SH |  | SOLE |  | 0 | 0 | 366198 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 37447218 | 692313 | SH |  | SOLE |  | 0 | 0 | 692313 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 272710 | 678 | SH |  | SOLE |  | 0 | 0 | 678 |
| VISA INC | COM CL A | 92826C839 |  | 50508604 | 147954 | SH |  | SOLE |  | 0 | 0 | 147954 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 460648 | 2840 | SH |  | SOLE |  | 0 | 0 | 2840 |
| VANECK ETF TRUST | VANECK SHRT MUNI | 92189F528 |  | 2289023 | 131402 | SH |  | SOLE |  | 0 | 0 | 131402 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 35216381 | 1218560 | SH |  | SOLE |  | 0 | 0 | 1218560 |
| VANECK ETF TRUST | INTRMDT MUNI ETF | 92189H201 |  | 895093 | 19208 | SH |  | SOLE |  | 0 | 0 | 19208 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 19389488 | 719462 | SH |  | SOLE |  | 0 | 0 | 719462 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 293749314 | 3749672 | SH |  | SOLE |  | 0 | 0 | 3749672 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 91087182 | 2128703 | SH |  | SOLE |  | 0 | 0 | 2128703 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 99123768 | 3834575 | SH |  | SOLE |  | 0 | 0 | 3834575 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 72246064 | 1438188 | SH |  | SOLE |  | 0 | 0 | 1438188 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 2101707 | 3844 | SH |  | SOLE |  | 0 | 0 | 3844 |
| INSULET CORP | COM | 45784P101 |  | 18111337 | 58664 | SH |  | SOLE |  | 0 | 0 | 58664 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 679881 | 380 | SH |  | SOLE |  | 0 | 0 | 380 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 876343 | 8207 | SH |  | SOLE |  | 0 | 0 | 8207 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 563828 | 16637 | SH |  | SOLE |  | 0 | 0 | 16637 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 21601137 | 122873 | SH |  | SOLE |  | 0 | 0 | 122873 |
| BROADCOM INC | COM | 11135F101 |  | 71244017 | 215950 | SH |  | SOLE |  | 0 | 0 | 215950 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 17887187 | 402140 | SH |  | SOLE |  | 0 | 0 | 402140 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 1163560 | 4252 | SH |  | SOLE |  | 0 | 0 | 4252 |
| FORTINET INC | COM | 34959E109 |  | 1765932 | 21003 | SH |  | SOLE |  | 0 | 0 | 21003 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 7671678 | 291256 | SH |  | SOLE |  | 0 | 0 | 291256 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 355180 | 11131 | SH |  | SOLE |  | 0 | 0 | 11131 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 668870 | 12794 | SH |  | SOLE |  | 0 | 0 | 12794 |
| ABRDN PALLADIUM ETF TRUST | PHYSICAL PALLADM | 003262102 |  | 9034500 | 79132 | SH |  | SOLE |  | 0 | 0 | 79132 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 409364 | 8095 | SH |  | SOLE |  | 0 | 0 | 8095 |
| TESLA INC | COM | 88160R101 |  | 3906420 | 8784 | SH |  | SOLE |  | 0 | 0 | 8784 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1790390 | 2924 | SH |  | SOLE |  | 0 | 0 | 2924 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 |  | 2879537 | 183410 | SH |  | SOLE |  | 0 | 0 | 183410 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 1843237 | 5540 | SH |  | SOLE |  | 0 | 0 | 5540 |
| INVESCO EXCH TRADED FD TR II | KBW HIG DV YLD | 46138E610 |  | 7274622 | 537666 | SH |  | SOLE |  | 0 | 0 | 537666 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 796233 | 10839 | SH |  | SOLE |  | 0 | 0 | 10839 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 1692356 | 5878 | SH |  | SOLE |  | 0 | 0 | 5878 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 277227 | 2264 | SH |  | SOLE |  | 0 | 0 | 2264 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 200962 | 2735 | SH |  | SOLE |  | 0 | 0 | 2735 |
| MARATHON PETE CORP | COM | 56585A102 |  | 594410 | 3084 | SH |  | SOLE |  | 0 | 0 | 3084 |
| VANECK ETF TRUST | MORTGAGE REIT | 92189F452 |  | 7474292 | 693992 | SH |  | SOLE |  | 0 | 0 | 693992 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1433140 | 52496 | SH |  | SOLE |  | 0 | 0 | 52496 |
| PHILLIPS 66 | COM | 718546104 |  | 200422 | 1473 | SH |  | SOLE |  | 0 | 0 | 1473 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 16365984 | 558185 | SH |  | SOLE |  | 0 | 0 | 558185 |
| META PLATFORMS INC | CL A | 30303M102 |  | 94810755 | 129103 | SH |  | SOLE |  | 0 | 0 | 129103 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 |  | 21656763 | 447269 | SH |  | SOLE |  | 0 | 0 | 447269 |
| SERVICENOW INC | COM | 81762P102 |  | 24301823 | 26407 | SH |  | SOLE |  | 0 | 0 | 26407 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 33341948 | 163746 | SH |  | SOLE |  | 0 | 0 | 163746 |
| FIVE BELOW INC | COM | 33829M101 |  | 2342932 | 15145 | SH |  | SOLE |  | 0 | 0 | 15145 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 393668 | 2751 | SH |  | SOLE |  | 0 | 0 | 2751 |
| ABBVIE INC | COM | 00287Y109 |  | 17799988 | 76877 | SH |  | SOLE |  | 0 | 0 | 76877 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 7551518 | 414009 | SH |  | SOLE |  | 0 | 0 | 414009 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 240568 | 5786 | SH |  | SOLE |  | 0 | 0 | 5786 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 265407 | 6178 | SH |  | SOLE |  | 0 | 0 | 6178 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 448648 | 2307 | SH |  | SOLE |  | 0 | 0 | 2307 |
| SSGA ACTIVE ETF TR | ULT SHT TRM BD | 78467V707 |  | 371703 | 9135 | SH |  | SOLE |  | 0 | 0 | 9135 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 394598 | 11758 | SH |  | SOLE |  | 0 | 0 | 11758 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 119299583 | 489836 | SH |  | SOLE |  | 0 | 0 | 489836 |
| PROSHARES TR | DJ BRKFLD GLB | 74347B508 |  | 16868703 | 311717 | SH |  | SOLE |  | 0 | 0 | 311717 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 1161966 | 33218 | SH |  | SOLE |  | 0 | 0 | 33218 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 1785467 | 18840 | SH |  | SOLE |  | 0 | 0 | 18840 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 36291457 | 605766 | SH |  | SOLE |  | 0 | 0 | 605766 |
| ARK ETF TR | NEXT GNRTN INTER | 00214Q401 |  | 28918210 | 165616 | SH |  | SOLE |  | 0 | 0 | 165616 |
| UBS GROUP AG | SHS | H42097107 |  | 1268540 | 30940 | SH |  | SOLE |  | 0 | 0 | 30940 |
| ISHARES TR | MSCI LW CRB TG | 46434V464 |  | 1706307 | 7521 | SH |  | SOLE |  | 0 | 0 | 7521 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 23066837 | 343973 | SH |  | SOLE |  | 0 | 0 | 343973 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 CB | 46138J825 |  | 3297613 | 159382 | SH |  | SOLE |  | 0 | 0 | 159382 |
| SPDR SERIES TRUST | SPDR MSCI USA GE | 78468R747 |  | 801417 | 6288 | SH |  | SOLE |  | 0 | 0 | 6288 |
| GLOBAL X FDS | S 500 CATHOLIC | 37954Y889 |  | 1295639 | 15984 | SH |  | SOLE |  | 0 | 0 | 15984 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 1195039 | 13218 | SH |  | SOLE |  | 0 | 0 | 13218 |
| INVITATION HOMES INC | COM | 46187W107 |  | 1464946 | 49947 | SH |  | SOLE |  | 0 | 0 | 49947 |
| SNAP INC | CL A | 83304A106 |  | 1197895 | 155369 | SH |  | SOLE |  | 0 | 0 | 155369 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 646414 | 27437 | SH |  | SOLE |  | 0 | 0 | 27437 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 HY | 46138J817 |  | 640798 | 27788 | SH |  | SOLE |  | 0 | 0 | 27788 |
| AMPLIFY ETF TR | BLOCKCHAIN LDR | 032108607 |  | 28622419 | 426945 | SH |  | SOLE |  | 0 | 0 | 426945 |
| ISHARES U S ETF TR | U.S. TECH INDEPD | 46431W648 |  | 63664212 | 624588 | SH |  | SOLE |  | 0 | 0 | 624588 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 3117684 | 69159 | SH |  | SOLE |  | 0 | 0 | 69159 |
| EVERGY INC | COM | 30034W106 |  | 279982 | 3683 | SH |  | SOLE |  | 0 | 0 | 3683 |
| GOLDMAN SACHS ETF TR | JUST US LRG CP | 381430396 |  | 2250348 | 23991 | SH |  | SOLE |  | 0 | 0 | 23991 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 75902513 | 992839 | SH |  | SOLE |  | 0 | 0 | 992839 |
| INNOVATOR ETFS TRUST | INNOVATOR DEEPW | 45782C862 |  | 18154557 | 245725 | SH |  | SOLE |  | 0 | 0 | 245725 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 |  | 17212933 | 164073 | SH |  | SOLE |  | 0 | 0 | 164073 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 837672 | 18370 | SH |  | SOLE |  | 0 | 0 | 18370 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 97679575 | 2138813 | SH |  | SOLE |  | 0 | 0 | 2138813 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 |  | 702441 | 30012 | SH |  | SOLE |  | 0 | 0 | 30012 |
| INNOVATOR ETFS TRUST | US EQTY BUF OCT | 45782C771 |  | 1005441 | 20765 | SH |  | SOLE |  | 0 | 0 | 20765 |
| LINDE PLC | SHS | G54950103 |  | 1163275 | 2449 | SH |  | SOLE |  | 0 | 0 | 2449 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 7439759 | 145763 | SH |  | SOLE |  | 0 | 0 | 145763 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 1952245 | 40646 | SH |  | SOLE |  | 0 | 0 | 40646 |
| INNOVATOR ETFS TRUST | US EQTY BUFR JAN | 45782C409 |  | 1443774 | 27233 | SH |  | SOLE |  | 0 | 0 | 27233 |
| PIMCO ETF TR | PREFERRED AND CP | 72201R619 |  | 54088144 | 1044173 | SH |  | SOLE |  | 0 | 0 | 1044173 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDRS US | 46641Q399 |  | 11522185 | 95493 | SH |  | SOLE |  | 0 | 0 | 95493 |
| INNOVATOR ETFS TRUST | US EQT BUFR APR | 45782C888 |  | 967916 | 20635 | SH |  | SOLE |  | 0 | 0 | 20635 |
| MAYVILLE ENGR CO INC | COM | 578605107 |  | 290322 | 21099 | SH |  | SOLE |  | 0 | 0 | 21099 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 19628877 | 200356 | SH |  | SOLE |  | 0 | 0 | 200356 |
| AMCOR PLC | ORD | G0250X107 |  | 1025682 | 125389 | SH |  | SOLE |  | 0 | 0 | 125389 |
| DYNATRACE INC | COM NEW | 268150109 |  | 1525158 | 31479 | SH |  | SOLE |  | 0 | 0 | 31479 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 20576875 | 189300 | SH |  | SOLE |  | 0 | 0 | 189300 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 103683410 | 1314112 | SH |  | SOLE |  | 0 | 0 | 1314112 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BUF | 45782C615 |  | 1782187 | 31371 | SH |  | SOLE |  | 0 | 0 | 31371 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 80417518 | 1070663 | SH |  | SOLE |  | 0 | 0 | 1070663 |
| COLUMBIA ETF TR I | RESH ENHNC COR | 19761L706 |  | 86275563 | 2138180 | SH |  | SOLE |  | 0 | 0 | 2138180 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BF | 45782C466 |  | 2745985 | 51625 | SH |  | SOLE |  | 0 | 0 | 51625 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 4148216 | 180750 | SH |  | SOLE |  | 0 | 0 | 180750 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 4262836 | 182445 | SH |  | SOLE |  | 0 | 0 | 182445 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 1010837 | 44886 | SH |  | SOLE |  | 0 | 0 | 44886 |
| INNOVATOR ETFS TRUST | EMRGNG MKT APRIL | 45782C359 |  | 12067057 | 413893 | SH |  | SOLE |  | 0 | 0 | 413893 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BF | 45782C334 |  | 1321793 | 25105 | SH |  | SOLE |  | 0 | 0 | 25105 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BUF | 45782C276 |  | 1858297 | 26134 | SH |  | SOLE |  | 0 | 0 | 26134 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 JUL | 00888H307 |  | 26680887 | 608128 | SH |  | SOLE |  | 0 | 0 | 608128 |
| SPDR SERIES TRUST | S 500 ESG ETF | 78468R531 |  | 3447445 | 54214 | SH |  | SOLE |  | 0 | 0 | 54214 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 APR | 00888H109 |  | 1145457 | 28139 | SH |  | SOLE |  | 0 | 0 | 28139 |
| AIM ETF PRODUCTS TRUST | US LRGCP B20 APR | 00888H208 |  | 953408 | 27853 | SH |  | SOLE |  | 0 | 0 | 27853 |
| AIM ETF PRODUCTS TRUST | US LRGCP B20 JUL | 00888H406 |  | 843720 | 21969 | SH |  | SOLE |  | 0 | 0 | 21969 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS US | 46641Q340 |  | 1006096 | 9674 | SH |  | SOLE |  | 0 | 0 | 9674 |
| GLOBAL X FDS | S EX US ETF | 37954Y368 |  | 247000 | 6862 | SH |  | SOLE |  | 0 | 0 | 6862 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 469732 | 2575 | SH |  | SOLE |  | 0 | 0 | 2575 |
| AIM ETF PRODUCTS TRUST | US LRGCP B20 OCT | 00888H505 |  | 1460622 | 38106 | SH |  | SOLE |  | 0 | 0 | 38106 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 63169485 | 255623 | SH |  | SOLE |  | 0 | 0 | 255623 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 59125891 | 1164354 | SH |  | SOLE |  | 0 | 0 | 1164354 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 OCT | 00888H604 |  | 1637652 | 38429 | SH |  | SOLE |  | 0 | 0 | 38429 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 JAN | 00888H703 |  | 2448011 | 61544 | SH |  | SOLE |  | 0 | 0 | 61544 |
| AIM ETF PRODUCTS TRUST | US LRGCP B20 JAN | 00888H802 |  | 1892182 | 52357 | SH |  | SOLE |  | 0 | 0 | 52357 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 1842170 | 17340 | SH |  | SOLE |  | 0 | 0 | 17340 |
| ARK ETF TR | ARK SPACE EXPL | 00214Q807 |  | 290411 | 10172 | SH |  | SOLE |  | 0 | 0 | 10172 |
| INNOVATOR ETFS TRUST | US EQUITY ACCELE | 45783Y301 |  | 534087 | 14106 | SH |  | SOLE |  | 0 | 0 | 14106 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 6529090 | 90131 | SH |  | SOLE |  | 0 | 0 | 90131 |
| INNOVATOR ETFS TRUST | US EQT ACLRTD 9 | 45783Y889 |  | 41217903 | 1100735 | SH |  | SOLE |  | 0 | 0 | 1100735 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 984076 | 6873 | SH |  | SOLE |  | 0 | 0 | 6873 |
| FIRST TR EXCHNG TRADED FD VI | SKYBRIDGE CRYPTO | 33740F540 |  | 34970314 | 1569583 | SH |  | SOLE |  | 0 | 0 | 1569583 |
| INNOVATOR ETFS TRUST | US EQTY ACCELRT9 | 45783Y848 |  | 400364 | 12206 | SH |  | SOLE |  | 0 | 0 | 12206 |
| INNOVATOR ETFS TRUST | US EQT ACC 9 BFR | 45783Y780 |  | 606124 | 19370 | SH |  | SOLE |  | 0 | 0 | 19370 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 421293 | 9427 | SH |  | SOLE |  | 0 | 0 | 9427 |
| PIMCO ETF TR | SR LN ACTIVE ETF | 72201R627 |  | 7510816 | 147069 | SH |  | SOLE |  | 0 | 0 | 147069 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 14091855 | 265383 | SH |  | SOLE |  | 0 | 0 | 265383 |
| NEOS ETF TRUST | NEOS ENH INC 1-3 | 78433H501 |  | 22996798 | 462498 | SH |  | SOLE |  | 0 | 0 | 462498 |
| VANECK ETF TRUST | MORNINGSTAR SMID | 92189H730 |  | 28454998 | 788664 | SH |  | SOLE |  | 0 | 0 | 788664 |
| NEOS ETF TRUST | NEOS S 500 HI | 78433H303 |  | 91680359 | 1752971 | SH |  | SOLE |  | 0 | 0 | 1752971 |
| BONDBLOXX ETF TRUST | BLOOMBERG FVE YR | 09789C838 |  | 56334868 | 1137389 | SH |  | SOLE |  | 0 | 0 | 1137389 |
| BONDBLOXX ETF TRUST | BLOOMBERG SEVEN | 09789C820 |  | 39084709 | 811105 | SH |  | SOLE |  | 0 | 0 | 811105 |
| BONDBLOXX ETF TRUST | BLOOMBERG TEN YR | 09789C812 |  | 31138995 | 667789 | SH |  | SOLE |  | 0 | 0 | 667789 |
| BONDBLOXX ETF TRUST | BLOOMBERG THREE | 09789C846 |  | 34558430 | 693407 | SH |  | SOLE |  | 0 | 0 | 693407 |
| ANGEL OAK FUNDS TRUST | OAK ULTRASHORT | 03463K752 |  | 71962031 | 1407020 | SH |  | SOLE |  | 0 | 0 | 1407020 |
| INNOVATOR ETFS TRUST | QUITY MANAGD FLR | 45783Y673 |  | 342357 | 9502 | SH |  | SOLE |  | 0 | 0 | 9502 |
| INNOVATOR ETFS TRUST | GRADIENT TACTIC | 45783Y665 |  | 53755904 | 2034667 | SH |  | SOLE |  | 0 | 0 | 2034667 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 FEB | 00888H828 |  | 49220848 | 1328792 | SH |  | SOLE |  | 0 | 0 | 1328792 |
| SERIES PORTFOLIOS TR | ELDRIDGE BBB B | 81752T528 |  | 7527398 | 280664 | SH |  | SOLE |  | 0 | 0 | 280664 |
| DOUBLELINE ETF TRUST | MORTGAGE ETF | 25861R402 |  | 119570667 | 2406817 | SH |  | SOLE |  | 0 | 0 | 2406817 |
| DOUBLELINE ETF TRUST | COMMERCIAL REAL | 25861R303 |  | 16078188 | 308721 | SH |  | SOLE |  | 0 | 0 | 308721 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 5571398 | 48932 | SH |  | SOLE |  | 0 | 0 | 48932 |
| INNOVATOR ETFS TRUST | EQUITY DEF PROTN | 45783Y541 |  | 27920853 | 953418 | SH |  | SOLE |  | 0 | 0 | 953418 |
| INNOVATOR ETFS TRUST | INNOVATOR INTER | 45783Y533 |  | 23822189 | 747534 | SH |  | SOLE |  | 0 | 0 | 747534 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 52105240 | 801619 | SH |  | SOLE |  | 0 | 0 | 801619 |
| VANECK BITCOIN ETF | SH BEN INT | 92189K105 |  | 14467415 | 446939 | SH |  | SOLE |  | 0 | 0 | 446939 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 2666170 | 41018 | SH |  | SOLE |  | 0 | 0 | 41018 |
| INNOVATOR ETFS TRUST | NASDAQ 100  MANA | 45783Y681 |  | 358782 | 10823 | SH |  | SOLE |  | 0 | 0 | 10823 |
| BONDBLOXX ETF TRUST | BBB RATED 1 5 YE | 09789C754 |  | 43323643 | 837900 | SH |  | SOLE |  | 0 | 0 | 837900 |
| ANGEL OAK FUNDS TRUST | MORTGAGE BACKED | 03463K737 |  | 146164 | 16752 | SH |  | SOLE |  | 0 | 0 | 16752 |
| BONDBLOXX ETF TRUST | IR M TAXAWARE | 09789C721 |  | 592082 | 11614 | SH |  | SOLE |  | 0 | 0 | 11614 |
| AMPLIFY ETF TR | COWS COVERED CAL | 032108680 |  | 7703944 | 320524 | SH |  | SOLE |  | 0 | 0 | 320524 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45783Y244 |  | 324117 | 11313 | SH |  | SOLE |  | 0 | 0 | 11313 |
| NEOS ETF TRUST | RUSSELL 2000 HIG | 78433H634 |  | 7913529 | 162914 | SH |  | SOLE |  | 0 | 0 | 162914 |
| INNOVATOR ETFS TRUST | US SMALL CAP PWR | 45783Y137 |  | 12148283 | 467274 | SH |  | SOLE |  | 0 | 0 | 467274 |
| INNOVATOR ETFS TRUST | GROWTH 100 PWR B | 45783Y129 |  | 34221121 | 1181893 | SH |  | SOLE |  | 0 | 0 | 1181893 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US EQU | 00888H554 |  | 89664762 | 3146132 | SH |  | SOLE |  | 0 | 0 | 3146132 |
| SSGA ACTIVE TR | SPDR SSGA MY2026 | 78470P820 |  | 3310610 | 131739 | SH |  | SOLE |  | 0 | 0 | 131739 |
| SSGA ACTIVE TR | SPDR SSGA MY2027 | 78470P812 |  | 832463 | 33170 | SH |  | SOLE |  | 0 | 0 | 33170 |
| BONDBLOXX ETF TRUST | BONDBLOXX PRIVAT | 09789C671 |  | 30032947 | 593889 | SH |  | SOLE |  | 0 | 0 | 593889 |
| NEOS ETF TRUST | REAL ESTATE HIGH | 78433H618 |  | 7610162 | 150577 | SH |  | SOLE |  | 0 | 0 | 150577 |
| SSGA ACTIVE TR | SPDR SSGA IG PUB | 78470P622 |  | 17792471 | 697470 | SH |  | SOLE |  | 0 | 0 | 697470 |
| DOUBLELINE ETF TRUST | ASSET BACKED SEC | 25861R808 |  | 51629930 | 1010950 | SH |  | SOLE |  | 0 | 0 | 1010950 |
| COHEN  STEERS ETF TRUST | NATURAL RES ACTI | 19249U302 |  | 17531588 | 603306 | SH |  | SOLE |  | 0 | 0 | 603306 |
| CALAMOS ETF TR | AUTOCALLABLE INC | 12811T571 |  | 11026266 | 401393 | SH |  | SOLE |  | 0 | 0 | 401393 |
| JAMES HARDIE INDS PLC | ORD SHS | G4253H101 |  | 13681573 | 712211 | SH |  | SOLE |  | 0 | 0 | 712211 |
| INNOVATOR ETFS TRUST | EQUITY DUAL DIRT | 45784N510 |  | 36409825 | 1778692 | SH |  | SOLE |  | 0 | 0 | 1778692 |

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