# EDGAR Filing Document

**Accession Number:** 0001602844
**File Stem:** 0001172661-25-003431
**Filing Date:** 2025-8
**Character Count:** 16992
**Document Hash:** 463cc9b32684ea955e29f90b399342cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003431.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001172661-25-003431

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NAPA WEALTH MANAGEMENT
- **CENTRAL INDEX KEY:** 0001602844

**ORGANIZATION NAME:**
- **EIN:** 911839135
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23987
- **FILM NUMBER:** 251217658

**BUSINESS ADDRESS:**
- **STREET 1:** 1836 SECOND STREET
- **CITY:** NAPA
- **STATE:** CA
- **ZIP:** 94559
- **BUSINESS PHONE:** 707-252-1343

**MAIL ADDRESS:**
- **STREET 1:** 1836 SECOND STREET
- **CITY:** NAPA
- **STATE:** CA
- **ZIP:** 94559

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** NAPA WEALTH MANAGEMENT<br>**Address:** 1836 Second Street<br>Napa, CA 94559

**Form 13F File Number:** 028-23987

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:** Patrick McCuen<br>**Title:** Director of Retirement Planning<br>**Phone:** 707-252-1343

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

/s/ Patrick McCuen  Napa, CA  08-14-2025<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:** 132

**Form 13F Information Table Value Total:** $209054590

      (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 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 745627 | 4231 | SH |  | SOLE |  | 4231 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2760185 | 47078 | SH |  | SOLE |  | 47078 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 952591 | 4342 | SH |  | SOLE |  | 4342 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2644062 | 11963 | SH |  | SOLE |  | 11963 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1520044 | 7409 | SH |  | SOLE |  | 7409 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 674604 | 1927 | SH |  | SOLE |  | 1927 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 565311 | 2564 | SH |  | SOLE |  | 2564 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 803543 | 7854 | SH |  | SOLE |  | 7854 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 520774 | 629 | SH |  | SOLE |  | 629 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 123137 | 11391 | SH |  | SOLE |  | 11391 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 468605 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 537105 | 1743 | SH |  | SOLE |  | 1743 | 0 | 0 |
| CAMBRIA ETF TR | CAMBRIA FGN SHR | 132061300 |  | 1454573 | 49746 | SH |  | SOLE |  | 49746 | 0 | 0 |
| CAMBRIA ETF TR | EMRG SHAREHLDR | 132061706 |  | 1521266 | 42117 | SH |  | SOLE |  | 42117 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 440826 | 1595 | SH |  | SOLE |  | 1595 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 530295 | 1643 | SH |  | SOLE |  | 1643 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1233597 | 2426 | SH |  | SOLE |  | 2426 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 202136 | 1630 | SH |  | SOLE |  | 1630 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 518970 | 5240 | SH |  | SOLE |  | 5240 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 263908 | 3860 | SH |  | SOLE |  | 3860 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 6372843 | 56557 | SH |  | SOLE |  | 56557 | 0 | 0 |
| EA SERIES TRUST | BRIDGES CAP TACT | 02072L474 |  | 5910791 | 179329 | SH |  | SOLE |  | 179329 | 0 | 0 |
| EATON VANCE CALIF MUN INCOM | SH BEN INT | 27826F101 |  | 156006 | 16108 | SH |  | SOLE |  | 16108 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 2487634 | 33409 | SH |  | SOLE |  | 33409 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 1300594 | 22301 | SH |  | SOLE |  | 22301 | 0 | 0 |
| ETF SER SOLUTIONS | NETLEASE CORP | 26922A248 |  | 458497 | 18780 | SH |  | SOLE |  | 18780 | 0 | 0 |
| EXCHANGE LISTED FDS TR | SABA INT RATE | 30151E806 |  | 676541 | 30420 | SH |  | SOLE |  | 30420 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 610709 | 5021 | SH |  | SOLE |  | 5021 | 0 | 0 |
| FLAHERTY  CRUMRINE PFD INCO | COM | 33848E106 |  | 509268 | 55056 | SH |  | SOLE |  | 55056 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 206329 | 1861 | SH |  | SOLE |  | 1861 | 0 | 0 |
| GLOBAL X FDS | MSCI GREECE ETF | 37954Y319 |  | 451377 | 7777 | SH |  | SOLE |  | 7777 | 0 | 0 |
| GLOBAL X FDS | BITCOIN TREND ST | 37960A487 |  | 5942743 | 153265 | SH |  | SOLE |  | 153265 | 0 | 0 |
| GLOBAL X FDS | RATE PREFERRED | 37954Y376 |  | 639654 | 28055 | SH |  | SOLE |  | 28055 | 0 | 0 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 1260784 | 28858 | SH |  | SOLE |  | 28858 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 1993067 | 109030 | SH |  | SOLE |  | 109030 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 542383 | 2914 | SH |  | SOLE |  | 2914 | 0 | 0 |
| INNODATA INC | COM NEW | 457642205 |  | 456114 | 8905 | SH |  | SOLE |  | 8905 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1515464 | 5141 | SH |  | SOLE |  | 5141 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 447226 | 823 | SH |  | SOLE |  | 823 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | AAA CLO FLTNG RT | 46090A721 |  | 687155 | 26884 | SH |  | SOLE |  | 26884 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 5548996 | 24434 | SH |  | SOLE |  | 24434 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 754948 | 36087 | SH |  | SOLE |  | 36087 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1525560 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| ISHARES GOLD TR | SHARES REPRESENT | 46436F103 |  | 3740208 | 113374 | SH |  | SOLE |  | 113374 | 0 | 0 |
| ISHARES INC | MSCI AUSTRIA ETF | 464286202 |  | 1597890 | 54350 | SH |  | SOLE |  | 54350 | 0 | 0 |
| ISHARES INC | MSCI ITALY ETF | 46434G830 |  | 2622378 | 54474 | SH |  | SOLE |  | 54474 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 2629820 | 62156 | SH |  | SOLE |  | 62156 | 0 | 0 |
| ISHARES INC | JP MRGN EM HI BD | 464286285 |  | 489463 | 12560 | SH |  | SOLE |  | 12560 | 0 | 0 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 454764 | 5523 | SH |  | SOLE |  | 5523 | 0 | 0 |
| ISHARES TR | MSCI PERU AND GL | 464289842 |  | 225117 | 4633 | SH |  | SOLE |  | 4633 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3824325 | 6159 | SH |  | SOLE |  | 6159 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 209915 | 1974 | SH |  | SOLE |  | 1974 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 305919 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 358223 | 3008 | SH |  | SOLE |  | 3008 | 0 | 0 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 595790 | 9677 | SH |  | SOLE |  | 9677 | 0 | 0 |
| ISHARES TR | MORTGE REL ETF | 46435G342 |  | 474486 | 22193 | SH |  | SOLE |  | 22193 | 0 | 0 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 200018 | 2398 | SH |  | SOLE |  | 2398 | 0 | 0 |
| ISHARES TR | INVT GRD CORP BD | 46436E288 |  | 1244942 | 48783 | SH |  | SOLE |  | 48783 | 0 | 0 |
| ISHARES TR | HIGH YLD CORP BD | 46436E320 |  | 579570 | 18934 | SH |  | SOLE |  | 18934 | 0 | 0 |
| ISHARES TR | 20+ YEAR TR BD | 46436E338 |  | 2846481 | 122799 | SH |  | SOLE |  | 122799 | 0 | 0 |
| ISHARES U S ETF TR | IT RT HDG HGYL | 46431W606 |  | 570838 | 6597 | SH |  | SOLE |  | 6597 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 442652 | 7786 | SH |  | SOLE |  | 7786 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 690809 | 13612 | SH |  | SOLE |  | 13612 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2705556 | 9332 | SH |  | SOLE |  | 9332 | 0 | 0 |
| MAREX GROUP PLC | ORD | G5S37H101 |  | 544094 | 13785 | SH |  | SOLE |  | 13785 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1217849 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 920625 | 1851 | SH |  | SOLE |  | 1851 | 0 | 0 |
| NEOS ETF TRUST | NEOS ENH INC 1-3 | 78433H501 |  | 1342163 | 26989 | SH |  | SOLE |  | 26989 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2719773 | 2031 | SH |  | SOLE |  | 2031 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 197609 | 16564 | SH |  | SOLE |  | 16564 | 0 | 0 |
| NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 |  | 647691 | 55029 | SH |  | SOLE |  | 55029 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3730939 | 23615 | SH |  | SOLE |  | 23615 | 0 | 0 |
| PACER FDS TR | PACER CASH COWZ | 69374H246 |  | 877924 | 38624 | SH |  | SOLE |  | 38624 | 0 | 0 |
| PACER FDS TR | INDUSTRIAL RELET | 69374H766 |  | 499149 | 13493 | SH |  | SOLE |  | 13493 | 0 | 0 |
| PACER FDS TR | US SM CAP CASH | 69374H352 |  | 697689 | 28512 | SH |  | SOLE |  | 28512 | 0 | 0 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 2318717 | 45680 | SH |  | SOLE |  | 45680 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 245746 | 4460 | SH |  | SOLE |  | 4460 | 0 | 0 |
| PACER FDS TR | TRENDPILOT US BD | 69374H642 |  | 6186530 | 313242 | SH |  | SOLE |  | 313242 | 0 | 0 |
| PACER FDS TR | TRENDPILOT 100 | 69374H303 |  | 1856833 | 26017 | SH |  | SOLE |  | 26017 | 0 | 0 |
| PACER FDS TR | GLOBL CASH ETF | 69374H709 |  | 617658 | 16267 | SH |  | SOLE |  | 16267 | 0 | 0 |
| PACER FDS TR | TRENDPILOT FD | 69374H675 |  | 2545818 | 79709 | SH |  | SOLE |  | 79709 | 0 | 0 |
| PACER FDS TR | TRENDPILOT INTL | 69374H683 |  | 1984197 | 68397 | SH |  | SOLE |  | 68397 | 0 | 0 |
| PACER FDS TR | WEALTHSHIELD | 69374H840 |  | 5621551 | 185345 | SH |  | SOLE |  | 185345 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1230970 | 9030 | SH |  | SOLE |  | 9030 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2816823 | 15466 | SH |  | SOLE |  | 15466 | 0 | 0 |
| PIMCO EQUITY SER | RAFI DYN MULTI | 72202L371 |  | 822660 | 22893 | SH |  | SOLE |  | 22893 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 473160 | 5133 | SH |  | SOLE |  | 5133 | 0 | 0 |
| ROUNDHILL ETF TRUST | RUSSELL 2000 0DT | 77926X825 |  | 947346 | 27684 | SH |  | SOLE |  | 27684 | 0 | 0 |
| ROUNDHILL ETF TRUST | S 500 ODTE COV | 77926X205 |  | 2473078 | 55952 | SH |  | SOLE |  | 55952 | 0 | 0 |
| ROUNDHILL ETF TRUST | INNOVATION 100 O | 77926X304 |  | 2610741 | 73542 | SH |  | SOLE |  | 73542 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 2772482 | 18987 | SH |  | SOLE |  | 18987 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2654902 | 29098 | SH |  | SOLE |  | 29098 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 256408 | 3023 | SH |  | SOLE |  | 3023 | 0 | 0 |
| SERIES PORTFOLIOS TR | ELDRIDGE BBB B | 81752T528 |  | 472924 | 17686 | SH |  | SOLE |  | 17686 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | COMMODITIES STRA | 82889N566 |  | 4085648 | 145345 | SH |  | SOLE |  | 145345 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | SIMPLIFY INTERST | 82889N855 |  | 476670 | 9021 | SH |  | SOLE |  | 9021 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | VOLATILITY PREM | 82889N863 |  | 713661 | 38807 | SH |  | SOLE |  | 38807 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | MANAGED FUTURES | 82889N699 |  | 7046739 | 263528 | SH |  | SOLE |  | 263528 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | HIGH YIELD ETF | 82889N830 |  | 511757 | 21945 | SH |  | SOLE |  | 21945 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | SIMPLIFY OPPORT | 82889N558 |  | 453334 | 18972 | SH |  | SOLE |  | 18972 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | AGGREGATE BOND E | 82889N723 |  | 209228 | 10137 | SH |  | SOLE |  | 10137 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | ENHANCED INM ETF | 82889N632 |  | 1515587 | 62550 | SH |  | SOLE |  | 62550 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 9315181 | 101550 | SH |  | SOLE |  | 101550 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 3574241 | 49171 | SH |  | SOLE |  | 49171 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 218447 | 8218 | SH |  | SOLE |  | 8218 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 |  | 7995067 | 80409 | SH |  | SOLE |  | 80409 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 1421385 | 48528 | SH |  | SOLE |  | 48528 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 564762 | 736 | SH |  | SOLE |  | 736 | 0 | 0 |
| SSGA ACTIVE TR | SPDR SSGA IG PUB | 78470P622 |  | 462508 | 18358 | SH |  | SOLE |  | 18358 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1287834 | 5303 | SH |  | SOLE |  | 5303 | 0 | 0 |
| TCW ETF TRUST | TRANSFORM SYSTEM | 29287L205 |  | 799988 | 8872 | SH |  | SOLE |  | 8872 | 0 | 0 |
| TCW ETF TRUST | FLEXIBLE INCOME | 29287L700 |  | 971750 | 24632 | SH |  | SOLE |  | 24632 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1038113 | 3268 | SH |  | SOLE |  | 3268 | 0 | 0 |
| TIDAL TR II | YIELDMAX TRGT12 | 88636R750 |  | 472105 | 9474 | SH |  | SOLE |  | 9474 | 0 | 0 |
| TIDAL TR II | RETURN STACKED U | 88636V702 |  | 1146085 | 54758 | SH |  | SOLE |  | 54758 | 0 | 0 |
| TIDAL TR II | STKD 100 BITCOIN | 88636R834 |  | 1384077 | 38629 | SH |  | SOLE |  | 38629 | 0 | 0 |
| TIDAL TRUST III | VISTASHARES ARTI | 45259A845 |  | 939291 | 33397 | SH |  | SOLE |  | 33397 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 329158 | 6238 | SH |  | SOLE |  | 6238 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 273502 | 363 | SH |  | SOLE |  | 363 | 0 | 0 |
| USCF ETF TR | SUMMERHAVEN K1 | 90290T809 |  | 3309506 | 152864 | SH |  | SOLE |  | 152864 | 0 | 0 |
| VANECK ETF TRUST | BDC INCOME ETF | 92189F411 |  | 694163 | 42639 | SH |  | SOLE |  | 42639 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 867841 | 3112 | SH |  | SOLE |  | 3112 | 0 | 0 |
| VANECK ETF TRUST | OFFICE AND COMME | 92189H714 |  | 491098 | 12342 | SH |  | SOLE |  | 12342 | 0 | 0 |
| VANECK ETF TRUST | EMERGING MRKT HI | 92189F353 |  | 503646 | 25411 | SH |  | SOLE |  | 25411 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 303264 | 534 | SH |  | SOLE |  | 534 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 680803 | 2240 | SH |  | SOLE |  | 2240 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 533049 | 11550 | SH |  | SOLE |  | 11550 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 5253014 | 104496 | SH |  | SOLE |  | 104496 | 0 | 0 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 1421211 | 40204 | SH |  | SOLE |  | 40204 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 389799 | 6206 | SH |  | SOLE |  | 6206 | 0 | 0 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 8827115 | 175454 | SH |  | SOLE |  | 175454 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 524908 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |

---