# EDGAR Filing Document

**Accession Number:** 0001835252
**File Stem:** 0001835252-26-000001
**Filing Date:** 2026-2
**Character Count:** 30149
**Document Hash:** 5189b45df6f64a551ed85ffabb2f0df7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001835252-26-000001.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001835252-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**EFFECTIVENESS DATE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EWA, LLC
- **CENTRAL INDEX KEY:** 0001835252

**ORGANIZATION NAME:**
- **EIN:** 850598312
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23270
- **FILM NUMBER:** 26594545

**BUSINESS ADDRESS:**
- **STREET 1:** 381 MANSFIELD AVE
- **STREET 2:** SUITE 200A-B
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15220
- **BUSINESS PHONE:** (412) 288-2363

**MAIL ADDRESS:**
- **STREET 1:** 381 MANSFIELD AVE
- **STREET 2:** SUITE 200A-B
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15220

### FORM 13F COVER PAGE

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

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** EWA LLC<br>**Address:** 381 MANSFIELD AVE<br>SUITE 200A-B<br>PITTSBURGH, PA 15220

**Form 13F File Number:** 028-23270

**CRD Number (if applicable):** 000308977

**SEC File Number (if applicable):** 801-118806

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:** Jaykob Williams<br>**Title:** Chief Compliance Officer<br>**Phone:** (412) 288-2363

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

Jaykob Williams  PITTSBURGH, PA  02-03-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 271

**Form 13F Information Table Value Total:** $409591227

      (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 |  | 228154 | 1425 | SH |  | SOLE | 0 | 0 | 0 | 1425 |
| ABBVIE INC | COM | 00287Y109 |  | 691143 | 3025 | SH |  | SOLE | 0 | 0 | 0 | 3025 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 624705 | 2917 | SH |  | SOLE | 0 | 0 | 0 | 2917 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 382504 | 81039 | SH |  | SOLE | 0 | 0 | 0 | 81039 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 223198 | 1317 | SH |  | SOLE | 0 | 0 | 0 | 1317 |
| ALLSTATE CORP | COM | 020002101 |  | 302567 | 1454 | SH |  | SOLE | 0 | 0 | 0 | 1454 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2400374 | 7669 | SH |  | SOLE | 0 | 0 | 0 | 7669 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3295004 | 10500 | SH |  | SOLE | 0 | 0 | 0 | 10500 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 365162 | 6333 | SH |  | SOLE | 0 | 0 | 0 | 6333 |
| AMAZE HOLDINGS INC | COM | 35804X200 |  | 5335 | 14040 | SH |  | SOLE | 0 | 0 | 0 | 14040 |
| AMAZON COM INC | COM | 023135106 |  | 5213671 | 22588 | SH |  | SOLE | 0 | 0 | 0 | 22588 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 304008 | 2636 | SH |  | SOLE | 0 | 0 | 0 | 2636 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 252664 | 683 | SH |  | SOLE | 0 | 0 | 0 | 683 |
| AMERISERV FINL INC | COM | 03074A102 |  | 776987 | 243570 | SH |  | SOLE | 0 | 0 | 0 | 243570 |
| AMETEK INC | COM | 031100100 |  | 278628 | 1357 | SH |  | SOLE | 0 | 0 | 0 | 1357 |
| AMGEN INC | COM | 031162100 |  | 306757 | 937 | SH |  | SOLE | 0 | 0 | 0 | 937 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 746075 | 5521 | SH |  | SOLE | 0 | 0 | 0 | 5521 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 157469 | 19958 | SH |  | SOLE | 0 | 0 | 0 | 19958 |
| ANALOG DEVICES INC | COM | 032654105 |  | 269483 | 994 | SH |  | SOLE | 0 | 0 | 0 | 994 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 231093 | 2710 | SH |  | SOLE | 0 | 0 | 0 | 2710 |
| APPLE INC | COM | 037833100 |  | 13724766 | 50485 | SH |  | SOLE | 0 | 0 | 0 | 50485 |
| APPLIED MATLS INC | COM | 038222105 |  | 364540 | 1418 | SH |  | SOLE | 0 | 0 | 0 | 1418 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 809258 | 1201 | SH |  | SOLE | 0 | 0 | 0 | 1201 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 553864 | 4227 | SH |  | SOLE | 0 | 0 | 0 | 4227 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 308175 | 288 | SH |  | SOLE | 0 | 0 | 0 | 288 |
| ASSURANT INC | COM | 04621X108 |  | 217833 | 904 | SH |  | SOLE | 0 | 0 | 0 | 904 |
| AT INC | COM | 00206R102 |  | 418286 | 16839 | SH |  | SOLE | 0 | 0 | 0 | 16839 |
| AUTOLIV INC | COM | 052800109 |  | 395947 | 3336 | SH |  | SOLE | 0 | 0 | 0 | 3336 |
| BANK AMERICA CORP | COM | 060505104 |  | 531116 | 9657 | SH |  | SOLE | 0 | 0 | 0 | 9657 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1773349 | 3528 | SH |  | SOLE | 0 | 0 | 0 | 3528 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 7451211 | 223760 | SH |  | SOLE | 0 | 1366 | 0 | 222394 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 11364174 | 294714 | SH |  | SOLE | 0 | 1475 | 0 | 293239 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 2374777 | 45002 | SH |  | SOLE | 0 | 0 | 0 | 45002 |
| BOEING CO | COM | 097023105 |  | 263149 | 1212 | SH |  | SOLE | 0 | 0 | 0 | 1212 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 715359 | 134 | SH |  | SOLE | 0 | 0 | 0 | 134 |
| BROADCOM INC | COM | 11135F101 |  | 3417077 | 9873 | SH |  | SOLE | 0 | 0 | 0 | 9873 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 287447 | 1288 | SH |  | SOLE | 0 | 0 | 0 | 1288 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 218774 | 4767 | SH |  | SOLE | 0 | 0 | 0 | 4767 |
| BROWN  BROWN INC | COM | 115236101 |  | 222448 | 2791 | SH |  | SOLE | 0 | 0 | 0 | 2791 |
| C4 THERAPEUTICS INC | COM STK | 12529R107 |  | 32258 | 16889 | SH |  | SOLE | 0 | 0 | 0 | 16889 |
| CACI INTL INC | CL A | 127190304 |  | 211526 | 397 | SH |  | SOLE | 0 | 0 | 0 | 397 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 342937 | 1415 | SH |  | SOLE | 0 | 0 | 0 | 1415 |
| CARVANA CO | CL A | 146869102 |  | 454094 | 1076 | SH |  | SOLE | 0 | 0 | 0 | 1076 |
| CATERPILLAR INC | COM | 149123101 |  | 512127 | 894 | SH |  | SOLE | 0 | 0 | 0 | 894 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 208539 | 831 | SH |  | SOLE | 0 | 0 | 0 | 831 |
| CELESTICA INC | COM | 15101Q207 |  | 1388480 | 4697 | SH |  | SOLE | 0 | 0 | 0 | 4697 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 220183 | 907 | SH |  | SOLE | 0 | 0 | 0 | 907 |
| CHEVRON CORP NEW | COM | 166764100 |  | 332565 | 2182 | SH |  | SOLE | 0 | 0 | 0 | 2182 |
| CHUBB LIMITED | COM | H1467J104 |  | 217921 | 698 | SH |  | SOLE | 0 | 0 | 0 | 698 |
| CINTAS CORP | COM | 172908105 |  | 201618 | 1072 | SH |  | SOLE | 0 | 0 | 0 | 1072 |
| CISCO SYS INC | COM | 17275R102 |  | 2417095 | 31379 | SH |  | SOLE | 0 | 0 | 0 | 31379 |
| CITIGROUP INC | COM NEW | 172967424 |  | 322685 | 2765 | SH |  | SOLE | 0 | 0 | 0 | 2765 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 200121 | 3426 | SH |  | SOLE | 0 | 0 | 0 | 3426 |
| COCA COLA CO | COM | 191216100 |  | 328892 | 4705 | SH |  | SOLE | 0 | 0 | 0 | 4705 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 295339 | 1306 | SH |  | SOLE | 0 | 0 | 0 | 1306 |
| COMFORT SYS USA INC | COM | 199908104 |  | 353296 | 379 | SH |  | SOLE | 0 | 0 | 0 | 379 |
| COMPUGEN LTD | ORD | M25722105 |  | 91131 | 59563 | SH |  | SOLE | 0 | 0 | 0 | 59563 |
| COMSTOCK RES INC | COM | 205768302 |  | 367084 | 15836 | SH |  | SOLE | 0 | 0 | 0 | 15836 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 708378 | 2005 | SH |  | SOLE | 0 | 0 | 0 | 2005 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1288879 | 1495 | SH |  | SOLE | 0 | 0 | 0 | 1495 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 203591 | 434 | SH |  | SOLE | 0 | 0 | 0 | 434 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 203957 | 370 | SH |  | SOLE | 0 | 0 | 0 | 370 |
| CVS HEALTH CORP | COM | 126650100 |  | 209653 | 2642 | SH |  | SOLE | 0 | 0 | 0 | 2642 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 253362 | 568 | SH |  | SOLE | 0 | 0 | 0 | 568 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 614668 | 4883 | SH |  | SOLE | 0 | 0 | 0 | 4883 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 221867 | 2531 | SH |  | SOLE | 0 | 0 | 0 | 2531 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VEC | 25434V641 |  | 1102488 | 14828 | SH |  | SOLE | 0 | 0 | 0 | 14828 |
| DOORDASH INC | CL A | 25809K105 |  | 338135 | 1493 | SH |  | SOLE | 0 | 0 | 0 | 1493 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 175009 | 12465 | SH |  | SOLE | 0 | 0 | 0 | 12465 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 246363 | 2102 | SH |  | SOLE | 0 | 0 | 0 | 2102 |
| EATON CORP PLC | SHS | G29183103 |  | 205950 | 647 | SH |  | SOLE | 0 | 0 | 0 | 647 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 312216 | 540 | SH |  | SOLE | 0 | 0 | 0 | 540 |
| ELI LILLY  CO | COM | 532457108 |  | 1720509 | 1601 | SH |  | SOLE | 0 | 0 | 0 | 1601 |
| EQT CORP | COM | 26884L109 |  | 249868 | 4662 | SH |  | SOLE | 0 | 0 | 0 | 4662 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 266599 | 1364 | SH |  | SOLE | 0 | 0 | 0 | 1364 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 819221 | 6808 | SH |  | SOLE | 0 | 0 | 0 | 6808 |
| FASTENAL CO | COM | 311900104 |  | 224634 | 5598 | SH |  | SOLE | 0 | 0 | 0 | 5598 |
| FEDEX CORP | COM | 31428X106 |  | 262240 | 908 | SH |  | SOLE | 0 | 0 | 0 | 908 |
| FERRARI N V | COM | N3167Y103 |  | 238064 | 644 | SH |  | SOLE | 0 | 0 | 0 | 644 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 211037 | 784 | SH |  | SOLE | 0 | 0 | 0 | 784 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 441885 | 12898 | SH |  | SOLE | 0 | 0 | 0 | 12898 |
| FOSSIL GROUP INC | COM | 34988V106 |  | 45199 | 12021 | SH |  | SOLE | 0 | 0 | 0 | 12021 |
| FOX CORP | CL A COM | 35137L105 |  | 219875 | 3009 | SH |  | SOLE | 0 | 0 | 0 | 3009 |
| GARMIN LTD | SHS | H2906T109 |  | 220891 | 1089 | SH |  | SOLE | 0 | 0 | 0 | 1089 |
| GE AEROSPACE | COM NEW | 369604301 |  | 514268 | 1670 | SH |  | SOLE | 0 | 0 | 0 | 1670 |
| GE VERNOVA INC | COM | 36828A101 |  | 219853 | 336 | SH |  | SOLE | 0 | 0 | 0 | 336 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 346086 | 2820 | SH |  | SOLE | 0 | 0 | 0 | 2820 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 231896 | 5427 | SH |  | SOLE | 0 | 0 | 0 | 5427 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 5036242 | 77732 | SH |  | SOLE | 0 | 334 | 0 | 77398 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 691655 | 787 | SH |  | SOLE | 0 | 0 | 0 | 787 |
| GREENIDGE GENERATION HLDGS I | CLASS A COM | 39531G308 |  | 15916 | 10754 | SH |  | SOLE | 0 | 0 | 0 | 10754 |
| HALEON PLC | SPON ADS | 405552100 |  | 193791 | 19168 | SH |  | SOLE | 0 | 0 | 0 | 19168 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 |  | 85291 | 13603 | SH |  | SOLE | 0 | 0 | 0 | 13603 |
| HOME DEPOT INC | COM | 437076102 |  | 493436 | 1434 | SH |  | SOLE | 0 | 0 | 0 | 1434 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 358039 | 4551 | SH |  | SOLE | 0 | 0 | 0 | 4551 |
| HUBBELL INC | COM | 443510607 |  | 212306 | 478 | SH |  | SOLE | 0 | 0 | 0 | 478 |
| HUYA INC | ADS REP SHS A | 44852D108 |  | 60989 | 21177 | SH |  | SOLE | 0 | 0 | 0 | 21177 |
| IDEXX LABS INC | COM | 45168D104 |  | 222578 | 329 | SH |  | SOLE | 0 | 0 | 0 | 329 |
| INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 |  | 64761 | 11690 | SH |  | SOLE | 0 | 0 | 0 | 11690 |
| INTEL CORP | COM | 458140100 |  | 201857 | 5470 | SH |  | SOLE | 0 | 0 | 0 | 5470 |
| INTENSITY THERAPEUTICS INC | COM | 45828J103 |  | 16963 | 41354 | SH |  | SOLE | 0 | 0 | 0 | 41354 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 214390 | 1324 | SH |  | SOLE | 0 | 0 | 0 | 1324 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 487221 | 1645 | SH |  | SOLE | 0 | 0 | 0 | 1645 |
| INTUIT | COM | 461202103 |  | 464369 | 701 | SH |  | SOLE | 0 | 0 | 0 | 701 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 382293 | 675 | SH |  | SOLE | 0 | 0 | 0 | 675 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 9620459 | 80627 | SH |  | SOLE | 0 | 379 | 0 | 80248 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 476147 | 2486 | SH |  | SOLE | 0 | 0 | 0 | 2486 |
| INVESCO LTD | SHS | G491BT108 |  | 316227 | 12038 | SH |  | SOLE | 0 | 0 | 0 | 12038 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1038890 | 1691 | SH |  | SOLE | 0 | 0 | 0 | 1691 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 4107698 | 50606 | SH |  | SOLE | 0 | 0 | 0 | 50606 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 6727035 | 92557 | SH |  | SOLE | 0 | 0 | 0 | 92557 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 352655 | 5507 | SH |  | SOLE | 0 | 0 | 0 | 5507 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 5057261 | 75234 | SH |  | SOLE | 0 | 0 | 0 | 75234 |
| ISHARES INC | MSCI SINGPOR ETF | 46434G780 |  | 348465 | 12667 | SH |  | SOLE | 0 | 0 | 0 | 12667 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 |  | 382365 | 6377 | SH |  | SOLE | 0 | 0 | 0 | 6377 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 32382790 | 262719 | SH |  | SOLE | 0 | 1316 | 0 | 261403 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 380477 | 2559 | SH |  | SOLE | 0 | 0 | 0 | 2559 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 50581626 | 728527 | SH |  | SOLE | 0 | 3793 | 0 | 724734 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 8747867 | 132543 | SH |  | SOLE | 0 | 519 | 0 | 132024 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4714550 | 52700 | SH |  | SOLE | 0 | 0 | 0 | 52700 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 355240 | 3690 | SH |  | SOLE | 0 | 0 | 0 | 3690 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 35119640 | 165604 | SH |  | SOLE | 0 | 860 | 0 | 164744 |
| ISHARES TR | MORNINGSTAR VALU | 464288109 |  | 381528 | 4043 | SH |  | SOLE | 0 | 0 | 0 | 4043 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 816346 | 7166 | SH |  | SOLE | 0 | 0 | 0 | 7166 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 200879 | 2092 | SH |  | SOLE | 0 | 0 | 0 | 2092 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 360869 | 1442 | SH |  | SOLE | 0 | 0 | 0 | 1442 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 327910 | 2395 | SH |  | SOLE | 0 | 0 | 0 | 2395 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1025234 | 14357 | SH |  | SOLE | 0 | 0 | 0 | 14357 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5190791 | 43192 | SH |  | SOLE | 0 | 189 | 0 | 43003 |
| ISHARES TR | CORE S ETF | 464287200 |  | 7305048 | 10665 | SH |  | SOLE | 0 | 0 | 0 | 10665 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2279118 | 11414 | SH |  | SOLE | 0 | 0 | 0 | 11414 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 13569396 | 68318 | SH |  | SOLE | 0 | 301 | 0 | 68018 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 4718088 | 46406 | SH |  | SOLE | 0 | 0 | 0 | 46406 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1471954 | 15632 | SH |  | SOLE | 0 | 0 | 0 | 15632 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 9169623 | 197027 | SH |  | SOLE | 0 | 0 | 0 | 197027 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 682594 | 6373 | SH |  | SOLE | 0 | 0 | 0 | 6373 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 236811 | 1833 | SH |  | SOLE | 0 | 0 | 0 | 1833 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 362094 | 4198 | SH |  | SOLE | 0 | 0 | 0 | 4198 |
| ISHARES TR | S 100 ETF | 464287101 |  | 3781869 | 11027 | SH |  | SOLE | 0 | 0 | 0 | 11027 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 294009 | 1194 | SH |  | SOLE | 0 | 0 | 0 | 1194 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1788613 | 3779 | SH |  | SOLE | 0 | 0 | 0 | 3779 |
| ISHARES TR | MSCI NORWAY ETF | 46429B499 |  | 355673 | 12358 | SH |  | SOLE | 0 | 0 | 0 | 12358 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 972922 | 9877 | SH |  | SOLE | 0 | 0 | 0 | 9877 |
| ISHARES TR | MSCI POLAND ETF | 46429B606 |  | 395251 | 11232 | SH |  | SOLE | 0 | 0 | 0 | 11232 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4538284 | 15070 | SH |  | SOLE | 0 | 88 | 0 | 14982 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 324360 | 1542 | SH |  | SOLE | 0 | 0 | 0 | 1542 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 103129 | 14403 | SH |  | SOLE | 0 | 0 | 0 | 14403 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 445945 | 6713 | SH |  | SOLE | 0 | 0 | 0 | 6713 |
| JIAYIN GROUP INC | SPONSORED ADS | 47737C104 |  | 68712 | 11847 | SH |  | SOLE | 0 | 0 | 0 | 11847 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 665756 | 3217 | SH |  | SOLE | 0 | 0 | 0 | 3217 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1900486 | 5898 | SH |  | SOLE | 0 | 0 | 0 | 5898 |
| KAMADA LTD | SHS | M6240T109 |  | 79418 | 11249 | SH |  | SOLE | 0 | 0 | 0 | 11249 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 246782 | 15659 | SH |  | SOLE | 0 | 0 | 0 | 15659 |
| KINDLY MD INC | COM | 49457M106 |  | 7959 | 22669 | SH |  | SOLE | 0 | 0 | 0 | 22669 |
| KINROSS GOLD CORP | COM | 496902404 |  | 801327 | 28456 | SH |  | SOLE | 0 | 0 | 0 | 28456 |
| KLA CORP | COM NEW | 482480100 |  | 432080 | 356 | SH |  | SOLE | 0 | 0 | 0 | 356 |
| KNOT OFFSHORE PARTNERS LP | COM UNITS | Y48125101 |  | 128353 | 12401 | SH |  | SOLE | 0 | 0 | 0 | 12401 |
| KOPIN CORP | COM | 500600101 |  | 25225 | 10780 | SH |  | SOLE | 0 | 0 | 0 | 10780 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 583152 | 3407 | SH |  | SOLE | 0 | 0 | 0 | 3407 |
| LOWES COS INC | COM | 548661107 |  | 203257 | 843 | SH |  | SOLE | 0 | 0 | 0 | 843 |
| LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 |  | 34592 | 13513 | SH |  | SOLE | 0 | 0 | 0 | 13513 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 645033 | 1750 | SH |  | SOLE | 0 | 0 | 0 | 1750 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 286402 | 1544 | SH |  | SOLE | 0 | 0 | 0 | 1544 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 819276 | 1435 | SH |  | SOLE | 0 | 0 | 0 | 1435 |
| MCDONALDS CORP | COM | 580135101 |  | 246540 | 807 | SH |  | SOLE | 0 | 0 | 0 | 807 |
| MERCK  CO INC | COM | 58933Y105 |  | 338107 | 3212 | SH |  | SOLE | 0 | 0 | 0 | 3212 |
| META PLATFORMS INC | CL A | 30303M102 |  | 5698878 | 8633 | SH |  | SOLE | 0 | 0 | 0 | 8633 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 995898 | 3489 | SH |  | SOLE | 0 | 0 | 0 | 3489 |
| MICROSOFT CORP | COM | 594918104 |  | 8944690 | 18495 | SH |  | SOLE | 0 | 0 | 0 | 18495 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 389486 | 7025 | SH |  | SOLE | 0 | 0 | 0 | 7025 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 1047129 | 66023 | SH |  | SOLE | 0 | 0 | 0 | 66023 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 268508 | 36681 | SH |  | SOLE | 0 | 0 | 0 | 36681 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 317011 | 350 | SH |  | SOLE | 0 | 0 | 0 | 350 |
| MOODYS CORP | COM | 615369105 |  | 273108 | 535 | SH |  | SOLE | 0 | 0 | 0 | 535 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 313555 | 1766 | SH |  | SOLE | 0 | 0 | 0 | 1766 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 392382 | 1024 | SH |  | SOLE | 0 | 0 | 0 | 1024 |
| MURPHY USA INC | COM | 626755102 |  | 212639 | 527 | SH |  | SOLE | 0 | 0 | 0 | 527 |
| NETAPP INC | COM | 64110D104 |  | 274770 | 2566 | SH |  | SOLE | 0 | 0 | 0 | 2566 |
| NETFLIX INC | COM | 64110L106 |  | 720264 | 7682 | SH |  | SOLE | 0 | 0 | 0 | 7682 |
| NEWMONT CORP | COM | 651639106 |  | 629463 | 6304 | SH |  | SOLE | 0 | 0 | 0 | 6304 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 205856 | 361 | SH |  | SOLE | 0 | 0 | 0 | 361 |
| NOVA LTD | COM | M7516K103 |  | 265339 | 808 | SH |  | SOLE | 0 | 0 | 0 | 808 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 373132 | 2706 | SH |  | SOLE | 0 | 0 | 0 | 2706 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13775572 | 73864 | SH |  | SOLE | 0 | 0 | 0 | 73864 |
| ORACLE CORP | COM | 68389X105 |  | 943947 | 4843 | SH |  | SOLE | 0 | 0 | 0 | 4843 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 247635 | 2715 | SH |  | SOLE | 0 | 0 | 0 | 2715 |
| ORIX CORP | SPONSORED ADR | 686330101 |  | 204059 | 6984 | SH |  | SOLE | 0 | 0 | 0 | 6984 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2204278 | 12401 | SH |  | SOLE | 0 | 0 | 0 | 12401 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 298957 | 1623 | SH |  | SOLE | 0 | 0 | 0 | 1623 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 602427 | 3756 | SH |  | SOLE | 0 | 0 | 0 | 3756 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 358664 | 2503 | SH |  | SOLE | 0 | 0 | 0 | 2503 |
| PROFUSA INC | COM | 74319X108 |  | 2871 | 27399 | SH |  | SOLE | 0 | 0 | 0 | 27399 |
| PROGRESSIVE CORP | COM | 743315103 |  | 320942 | 1409 | SH |  | SOLE | 0 | 0 | 0 | 1409 |
| PROLOGIS INC. | COM | 74340W103 |  | 273425 | 2142 | SH |  | SOLE | 0 | 0 | 0 | 2142 |
| QUALCOMM INC | COM | 747525103 |  | 201448 | 1178 | SH |  | SOLE | 0 | 0 | 0 | 1178 |
| QUANTA SVCS INC | COM | 74762E102 |  | 312442 | 740 | SH |  | SOLE | 0 | 0 | 0 | 740 |
| QUANTUM SI INC | COM CL A | 74765K105 |  | 14995 | 13632 | SH |  | SOLE | 0 | 0 | 0 | 13632 |
| RAMBUS INC DEL | COM | 750917106 |  | 240384 | 2616 | SH |  | SOLE | 0 | 0 | 0 | 2616 |
| RANI THERAPEUTICS HLDGS INC | COM CL A | 753018100 |  | 14959 | 11081 | SH |  | SOLE | 0 | 0 | 0 | 11081 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 265458 | 6567 | SH |  | SOLE | 0 | 0 | 0 | 6567 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 256203 | 1209 | SH |  | SOLE | 0 | 0 | 0 | 1209 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 572060 | 5058 | SH |  | SOLE | 0 | 0 | 0 | 5058 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 256385 | 919 | SH |  | SOLE | 0 | 0 | 0 | 919 |
| RTX CORPORATION | COM | 75513E101 |  | 398483 | 2173 | SH |  | SOLE | 0 | 0 | 0 | 2173 |
| RYVYL INC | COM | 39366L307 |  | 2597 | 16024 | SH |  | SOLE | 0 | 0 | 0 | 16024 |
| S GLOBAL INC | COM | 78409V104 |  | 267206 | 511 | SH |  | SOLE | 0 | 0 | 0 | 511 |
| SALESFORCE INC | COM | 79466L302 |  | 518544 | 1957 | SH |  | SOLE | 0 | 0 | 0 | 1957 |
| SAP SE | SPON ADR | 803054204 |  | 292322 | 1203 | SH |  | SOLE | 0 | 0 | 0 | 1203 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 209527 | 2097 | SH |  | SOLE | 0 | 0 | 0 | 2097 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 759763 | 28965 | SH |  | SOLE | 0 | 0 | 0 | 28965 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 3483422 | 129447 | SH |  | SOLE | 0 | 0 | 0 | 129447 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 727354 | 30256 | SH |  | SOLE | 0 | 0 | 0 | 30256 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 377358 | 1370 | SH |  | SOLE | 0 | 0 | 0 | 1370 |
| SELLAS LIFE SCIENCES GROUP I | COM NEW | 81642T209 |  | 48241 | 12796 | SH |  | SOLE | 0 | 0 | 0 | 12796 |
| SERVICENOW INC | COM | 81762P102 |  | 237904 | 1553 | SH |  | SOLE | 0 | 0 | 0 | 1553 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 640822 | 3981 | SH |  | SOLE | 0 | 0 | 0 | 3981 |
| SO YOUNG INTERNATIONAL INC | SPONSORED ADS | 83356Q108 |  | 34312 | 13403 | SH |  | SOLE | 0 | 0 | 0 | 13403 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 219082 | 456 | SH |  | SOLE | 0 | 0 | 0 | 456 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4437781 | 6508 | SH |  | SOLE | 0 | 0 | 0 | 6508 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A383 |  | 1455150 | 64919 | SH |  | SOLE | 0 | 0 | 0 | 64919 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 223493 | 2786 | SH |  | SOLE | 0 | 0 | 0 | 2786 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 277579 | 478 | SH |  | SOLE | 0 | 0 | 0 | 478 |
| STANTEC INC | COM | 85472N109 |  | 210977 | 2236 | SH |  | SOLE | 0 | 0 | 0 | 2236 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 419633 | 21709 | SH |  | SOLE | 0 | 0 | 0 | 21709 |
| SURF AIR MOBILITY INC | COM NEW | 868927203 |  | 19412 | 10006 | SH |  | SOLE | 0 | 0 | 0 | 10006 |
| SYNOPSYS INC | COM | 871607107 |  | 222647 | 474 | SH |  | SOLE | 0 | 0 | 0 | 474 |
| T ROWE PRICE ETF INC | SMALL MID CAP | 87283Q826 |  | 218294 | 6081 | SH |  | SOLE | 0 | 0 | 0 | 6081 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 481186 | 1583 | SH |  | SOLE | 0 | 0 | 0 | 1583 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 222053 | 976 | SH |  | SOLE | 0 | 0 | 0 | 976 |
| TENAYA THERAPEUTICS INC | COM | 87990A106 |  | 22357 | 31422 | SH |  | SOLE | 0 | 0 | 0 | 31422 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 184998 | 10553 | SH |  | SOLE | 0 | 0 | 0 | 10553 |
| TERADYNE INC | COM | 880770102 |  | 343712 | 1776 | SH |  | SOLE | 0 | 0 | 0 | 1776 |
| TESLA INC | COM | 88160R101 |  | 2941110 | 6540 | SH |  | SOLE | 0 | 0 | 0 | 6540 |
| TIZIANA LIFE SCIENCES LTD | COMMON SHARES | G88912103 |  | 68616 | 46051 | SH |  | SOLE | 0 | 0 | 0 | 46051 |
| TJX COS INC NEW | COM | 872540109 |  | 299144 | 1947 | SH |  | SOLE | 0 | 0 | 0 | 1947 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 286231 | 735 | SH |  | SOLE | 0 | 0 | 0 | 735 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 220986 | 166 | SH |  | SOLE | 0 | 0 | 0 | 166 |
| TRINSEO PLC | SHS | G9059U107 |  | 5215 | 10493 | SH |  | SOLE | 0 | 0 | 0 | 10493 |
| TRUGOLF HLDGS INC | COM CL A | 243733409 |  | 10677 | 14726 | SH |  | SOLE | 0 | 0 | 0 | 14726 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 208863 | 3027 | SH |  | SOLE | 0 | 0 | 0 | 3027 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 417727 | 1265 | SH |  | SOLE | 0 | 0 | 0 | 1265 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 239993 | 1474 | SH |  | SOLE | 0 | 0 | 0 | 1474 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 790096 | 16351 | SH |  | SOLE | 0 | 0 | 0 | 16351 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 587389 | 2104 | SH |  | SOLE | 0 | 0 | 0 | 2104 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 218475 | 1032 | SH |  | SOLE | 0 | 0 | 0 | 1032 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1115301 | 3327 | SH |  | SOLE | 0 | 0 | 0 | 3327 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 931262 | 3610 | SH |  | SOLE | 0 | 0 | 0 | 3610 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 419543 | 1389 | SH |  | SOLE | 0 | 0 | 0 | 1389 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4103849 | 6544 | SH |  | SOLE | 0 | 0 | 0 | 6544 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2818960 | 5778 | SH |  | SOLE | 0 | 0 | 0 | 5778 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 228205 | 786 | SH |  | SOLE | 0 | 0 | 0 | 786 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 392264 | 2054 | SH |  | SOLE | 0 | 0 | 0 | 2054 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2327362 | 16499 | SH |  | SOLE | 0 | 0 | 0 | 16499 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 209440 | 2505 | SH |  | SOLE | 0 | 0 | 0 | 2505 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 |  | 1214072 | 15586 | SH |  | SOLE | 0 | 0 | 0 | 15586 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 543060 | 2471 | SH |  | SOLE | 0 | 0 | 0 | 2471 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 678605 | 8995 | SH |  | SOLE | 0 | 0 | 0 | 8995 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1745461 | 27941 | SH |  | SOLE | 0 | 0 | 0 | 27941 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 214833 | 520 | SH |  | SOLE | 0 | 0 | 0 | 520 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 410010 | 544 | SH |  | SOLE | 0 | 0 | 0 | 544 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 434553 | 1730 | SH |  | SOLE | 0 | 0 | 0 | 1730 |
| VESTAND INC. | CL A NEW | 98740Y302 |  | 5193 | 22655 | SH |  | SOLE | 0 | 0 | 0 | 22655 |
| VISA INC | COM CL A | 92826C839 |  | 990030 | 2823 | SH |  | SOLE | 0 | 0 | 0 | 2823 |
| VISTRA CORP | COM | 92840M102 |  | 299542 | 1857 | SH |  | SOLE | 0 | 0 | 0 | 1857 |
| WALMART INC | COM | 931142103 |  | 1030987 | 9254 | SH |  | SOLE | 0 | 0 | 0 | 9254 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 214693 | 977 | SH |  | SOLE | 0 | 0 | 0 | 977 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 228139 | 827 | SH |  | SOLE | 0 | 0 | 0 | 827 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 515268 | 5529 | SH |  | SOLE | 0 | 0 | 0 | 5529 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 728412 | 601 | SH |  | SOLE | 0 | 0 | 0 | 601 |
| WIPRO LTD | SPON ADR 1 SH | 97651M109 |  | 43575 | 15343 | SH |  | SOLE | 0 | 0 | 0 | 15343 |
| XCF GLOBAL INC | COM CL A | 98400U103 |  | 5311 | 19455 | SH |  | SOLE | 0 | 0 | 0 | 19455 |

---