# EDGAR Filing Document

**Accession Number:** 0001840945
**File Stem:** 0001172661-26-000291
**Filing Date:** 2026-1
**Character Count:** 29047
**Document Hash:** 9091f4c10b3911168f09452883b7650f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000291.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001172661-26-000291

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**EFFECTIVENESS DATE**: 20260123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Galvin, Gaustad & Stein, LLC
- **CENTRAL INDEX KEY:** 0001840945

**ORGANIZATION NAME:**
- **EIN:** 272327502
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20555
- **FILM NUMBER:** 26556621

**BUSINESS ADDRESS:**
- **STREET 1:** 7377 E. DOUBLETREE RANCH ROAD
- **STREET 2:** SUITE 250
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258
- **BUSINESS PHONE:** (480) 776-1441

**MAIL ADDRESS:**
- **STREET 1:** 7377 E. DOUBLETREE RANCH ROAD
- **STREET 2:** SUITE 250
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258

### 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:** Galvin Gaustad  Stein LLC<br>**Address:** 7377 E. Doubletree Ranch Road<br>Suite 250<br>Scottsdale, AZ 85258

**Form 13F File Number:** 028-20555

**CRD Number (if applicable):** 000153410

**SEC File Number (if applicable):** 801-71464

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:** Kim Jamieson<br>**Title:** Chief Compliance Officer<br>**Phone:** 480-776-1441

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

/s/ Kim Jamieson  Scottsdale, AZ  01-23-2026<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:** 250

**Form 13F Information Table Value Total:** $1281375701

      (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 |  | 204928 | 1280 | SH |  | SOLE |  | 0 | 0 | 1280 |
| ABBVIE INC | COM | 00287Y109 |  | 1271982 | 5567 | SH |  | SOLE |  | 0 | 0 | 5567 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 209448 | 978 | SH |  | SOLE |  | 0 | 0 | 978 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 15996215 | 51106 | SH |  | SOLE |  | 0 | 0 | 51106 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 18191694 | 57972 | SH |  | SOLE |  | 0 | 0 | 57972 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 859390 | 14904 | SH |  | SOLE |  | 0 | 0 | 14904 |
| AMAZON COM INC | COM | 023135106 |  | 27127732 | 117528 | SH |  | SOLE |  | 0 | 0 | 117528 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 21598423 | 58382 | SH |  | SOLE |  | 0 | 0 | 58382 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 342200 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| AMGEN INC | COM | 031162100 |  | 668348 | 2042 | SH |  | SOLE |  | 0 | 0 | 2042 |
| APPLE INC | COM | 037833100 |  | 24544722 | 90284 | SH |  | SOLE |  | 0 | 0 | 90284 |
| APPLIED MATLS INC | COM | 038222105 |  | 314399 | 1223 | SH |  | SOLE |  | 0 | 0 | 1223 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 14491353 | 13545 | SH |  | SOLE |  | 0 | 0 | 13545 |
| AUTOZONE INC | COM | 053332102 |  | 22967635 | 6772 | SH |  | SOLE |  | 0 | 0 | 6772 |
| BANK AMERICA CORP | COM | 060505104 |  | 381832 | 6942 | SH |  | SOLE |  | 0 | 0 | 6942 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 553384 | 442 | SH |  | SOLE |  | 0 | 0 | 442 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2863946 | 24670 | SH |  | SOLE |  | 0 | 0 | 24670 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2936994 | 5843 | SH |  | SOLE |  | 0 | 0 | 5843 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 359928 | 5919 | SH |  | SOLE |  | 0 | 0 | 5919 |
| BLACKROCK INC | COM | 09290D101 |  | 1103971 | 1031 | SH |  | SOLE |  | 0 | 0 | 1031 |
| BLACKSTONE INC | COM | 09260D107 |  | 13622428 | 88377 | SH |  | SOLE |  | 0 | 0 | 88377 |
| BOEING CO | COM | 097023105 |  | 263948 | 1216 | SH |  | SOLE |  | 0 | 0 | 1216 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 1281145 | 10815 | SH |  | SOLE |  | 0 | 0 | 10815 |
| BROADCOM INC | COM | 11135F101 |  | 1159523 | 3350 | SH |  | SOLE |  | 0 | 0 | 3350 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1890796 | 7802 | SH |  | SOLE |  | 0 | 0 | 7802 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 12095259 | 204623 | SH |  | SOLE |  | 0 | 0 | 204623 |
| CERTARA INC | COM | 15687V109 |  | 217175 | 24651 | SH |  | SOLE |  | 0 | 0 | 24651 |
| CHEVRON CORP NEW | COM | 166764100 |  | 11781055 | 77298 | SH |  | SOLE |  | 0 | 0 | 77298 |
| CISCO SYS INC | COM | 17275R102 |  | 622235 | 8078 | SH |  | SOLE |  | 0 | 0 | 8078 |
| COCA COLA CO | COM | 191216100 |  | 20421975 | 292118 | SH |  | SOLE |  | 0 | 0 | 292118 |
| COMFORT SYS USA INC | COM | 199908104 |  | 443821 | 476 | SH |  | SOLE |  | 0 | 0 | 476 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 704769 | 1995 | SH |  | SOLE |  | 0 | 0 | 1995 |
| COPART INC | COM | 217204106 |  | 561803 | 14350 | SH |  | SOLE |  | 0 | 0 | 14350 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5521884 | 6403 | SH |  | SOLE |  | 0 | 0 | 6403 |
| CRH PLC | ORD | G25508105 |  | 14404663 | 115422 | SH |  | SOLE |  | 0 | 0 | 115422 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1178960 | 2515 | SH |  | SOLE |  | 0 | 0 | 2515 |
| DEERE  CO | COM | 244199105 |  | 356364 | 765 | SH |  | SOLE |  | 0 | 0 | 765 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 445692 | 11258 | SH |  | SOLE |  | 0 | 0 | 11258 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 1100893 | 28887 | SH |  | SOLE |  | 0 | 0 | 28887 |
| DIREXION SHS ETF TR | NAS100 EQL WGT | 25459Y207 |  | 234838 | 2295 | SH |  | SOLE |  | 0 | 0 | 2295 |
| DOORDASH INC | CL A | 25809K105 |  | 888028 | 3921 | SH |  | SOLE |  | 0 | 0 | 3921 |
| DOW INC | COM | 260557103 |  | 328559 | 14053 | SH |  | SOLE |  | 0 | 0 | 14053 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 217682 | 1857 | SH |  | SOLE |  | 0 | 0 | 1857 |
| ELI LILLY  CO | COM | 532457108 |  | 1447774 | 1347 | SH |  | SOLE |  | 0 | 0 | 1347 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1276186 | 39806 | SH |  | SOLE |  | 0 | 0 | 39806 |
| EOG RES INC | COM | 26875P101 |  | 13192285 | 125629 | SH |  | SOLE |  | 0 | 0 | 125629 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2413135 | 20053 | SH |  | SOLE |  | 0 | 0 | 20053 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 386540 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 532434 | 19800 | SH |  | SOLE |  | 0 | 0 | 19800 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 321306 | 1430 | SH |  | SOLE |  | 0 | 0 | 1430 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 678222 | 8724 | SH |  | SOLE |  | 0 | 0 | 8724 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 422327 | 17050 | SH |  | SOLE |  | 0 | 0 | 17050 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 2152013 | 46742 | SH |  | SOLE |  | 0 | 0 | 46742 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 972852 | 10516 | SH |  | SOLE |  | 0 | 0 | 10516 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 5444383 | 25318 | SH |  | SOLE |  | 0 | 0 | 25318 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 745255 | 21354 | SH |  | SOLE |  | 0 | 0 | 21354 |
| GE AEROSPACE | COM NEW | 369604301 |  | 26252779 | 85228 | SH |  | SOLE |  | 0 | 0 | 85228 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 15570216 | 189834 | SH |  | SOLE |  | 0 | 0 | 189834 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 593583 | 1763 | SH |  | SOLE |  | 0 | 0 | 1763 |
| GLOBAL X FDS | DATA CTR  DIGIT | 37954Y236 |  | 211000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1937707 | 2204 | SH |  | SOLE |  | 0 | 0 | 2204 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 31452935 | 67371 | SH |  | SOLE |  | 0 | 0 | 67371 |
| HOME DEPOT INC | COM | 437076102 |  | 19144107 | 55635 | SH |  | SOLE |  | 0 | 0 | 55635 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1068936 | 5479 | SH |  | SOLE |  | 0 | 0 | 5479 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C656 |  | 276213 | 6318 | SH |  | SOLE |  | 0 | 0 | 6318 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 297474 | 7120 | SH |  | SOLE |  | 0 | 0 | 7120 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C417 |  | 429462 | 10547 | SH |  | SOLE |  | 0 | 0 | 10547 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 545267 | 12415 | SH |  | SOLE |  | 0 | 0 | 12415 |
| INNOVATOR ETFS TRUST | DEFINED WLT SHLD | 45783Y855 |  | 658706 | 19657 | SH |  | SOLE |  | 0 | 0 | 19657 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C318 |  | 278516 | 7035 | SH |  | SOLE |  | 0 | 0 | 7035 |
| INNOVATOR ETFS TRUST | EQUITY DEFIN 1YR | 45784N700 |  | 234812 | 8750 | SH |  | SOLE |  | 0 | 0 | 8750 |
| INNOVATOR ETFS TRUST | US EQTY PWR BF | 45782C680 |  | 247952 | 5733 | SH |  | SOLE |  | 0 | 0 | 5733 |
| INNOVATOR ETFS TRUST | US EQT PWR BUF | 45782C870 |  | 372031 | 9510 | SH |  | SOLE |  | 0 | 0 | 9510 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C540 |  | 449894 | 10371 | SH |  | SOLE |  | 0 | 0 | 10371 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 404591 | 8714 | SH |  | SOLE |  | 0 | 0 | 8714 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C805 |  | 382523 | 11673 | SH |  | SOLE |  | 0 | 0 | 11673 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C383 |  | 309784 | 6893 | SH |  | SOLE |  | 0 | 0 | 6893 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 593063 | 12613 | SH |  | SOLE |  | 0 | 0 | 12613 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C748 |  | 246841 | 5894 | SH |  | SOLE |  | 0 | 0 | 5894 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 318146 | 1074 | SH |  | SOLE |  | 0 | 0 | 1074 |
| INTUIT | COM | 461202103 |  | 228593 | 345 | SH |  | SOLE |  | 0 | 0 | 345 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 240046 | 424 | SH |  | SOLE |  | 0 | 0 | 424 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 262111 | 3670 | SH |  | SOLE |  | 0 | 0 | 3670 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 12859278 | 50843 | SH |  | SOLE |  | 0 | 0 | 50843 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 486120 | 2538 | SH |  | SOLE |  | 0 | 0 | 2538 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 2704858 | 23756 | SH |  | SOLE |  | 0 | 0 | 23756 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 207337 | 4442 | SH |  | SOLE |  | 0 | 0 | 4442 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 404911 | 5395 | SH |  | SOLE |  | 0 | 0 | 5395 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 676439 | 1101 | SH |  | SOLE |  | 0 | 0 | 1101 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 521226 | 10498 | SH |  | SOLE |  | 0 | 0 | 10498 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 627850 | 7735 | SH |  | SOLE |  | 0 | 0 | 7735 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 6620734 | 98494 | SH |  | SOLE |  | 0 | 0 | 98494 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1546854 | 10403 | SH |  | SOLE |  | 0 | 0 | 10403 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 15271776 | 254233 | SH |  | SOLE |  | 0 | 0 | 254233 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 3348478 | 41529 | SH |  | SOLE |  | 0 | 0 | 41529 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 4402025 | 41098 | SH |  | SOLE |  | 0 | 0 | 41098 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 13932907 | 258591 | SH |  | SOLE |  | 0 | 0 | 258591 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 452444 | 2151 | SH |  | SOLE |  | 0 | 0 | 2151 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 238880 | 740 | SH |  | SOLE |  | 0 | 0 | 740 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 14061487 | 117004 | SH |  | SOLE |  | 0 | 0 | 117004 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 474176 | 3468 | SH |  | SOLE |  | 0 | 0 | 3468 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2477112 | 45277 | SH |  | SOLE |  | 0 | 0 | 45277 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 1201183 | 6629 | SH |  | SOLE |  | 0 | 0 | 6629 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 40360922 | 451162 | SH |  | SOLE |  | 0 | 0 | 451162 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 14077090 | 137485 | SH |  | SOLE |  | 0 | 0 | 137485 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 25300014 | 253304 | SH |  | SOLE |  | 0 | 0 | 253304 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 3244060 | 47290 | SH |  | SOLE |  | 0 | 0 | 47290 |
| ISHARES TR | DOW JONES US ETF | 464287846 |  | 247965 | 1495 | SH |  | SOLE |  | 0 | 0 | 1495 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1674722 | 15696 | SH |  | SOLE |  | 0 | 0 | 15696 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 261059 | 1851 | SH |  | SOLE |  | 0 | 0 | 1851 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 492485 | 5230 | SH |  | SOLE |  | 0 | 0 | 5230 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 209664 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 7503411 | 141895 | SH |  | SOLE |  | 0 | 0 | 141895 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1302054 | 2751 | SH |  | SOLE |  | 0 | 0 | 2751 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 815911 | 3260 | SH |  | SOLE |  | 0 | 0 | 3260 |
| ISHARES TR | CORE DIVID ETF | 46435U861 |  | 2092287 | 39366 | SH |  | SOLE |  | 0 | 0 | 39366 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 370606 | 4780 | SH |  | SOLE |  | 0 | 0 | 4780 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1263368 | 6361 | SH |  | SOLE |  | 0 | 0 | 6361 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 16400919 | 248499 | SH |  | SOLE |  | 0 | 0 | 248499 |
| ISHARES TR | CORE S ETF | 464287200 |  | 6042343 | 8822 | SH |  | SOLE |  | 0 | 0 | 8822 |
| ISHARES TR | MBS ETF | 464288588 |  | 21271559 | 223394 | SH |  | SOLE |  | 0 | 0 | 223394 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 12850696 | 254067 | SH |  | SOLE |  | 0 | 0 | 254067 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 321991 | 2612 | SH |  | SOLE |  | 0 | 0 | 2612 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 344416 | 3993 | SH |  | SOLE |  | 0 | 0 | 3993 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 315096 | 3281 | SH |  | SOLE |  | 0 | 0 | 3281 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 11425309 | 245494 | SH |  | SOLE |  | 0 | 0 | 245494 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 285344 | 2964 | SH |  | SOLE |  | 0 | 0 | 2964 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 12834467 | 42618 | SH |  | SOLE |  | 0 | 0 | 42618 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 305402 | 789 | SH |  | SOLE |  | 0 | 0 | 789 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 221076 | 592 | SH |  | SOLE |  | 0 | 0 | 592 |
| J P MORGAN EXCHANGE TRADED F | MORTGAGE BACKED | 46654Q575 |  | 2207506 | 43234 | SH |  | SOLE |  | 0 | 0 | 43234 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1864899 | 32580 | SH |  | SOLE |  | 0 | 0 | 32580 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 2837118 | 56181 | SH |  | SOLE |  | 0 | 0 | 56181 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 610260 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 4917098 | 97195 | SH |  | SOLE |  | 0 | 0 | 97195 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1765491 | 34658 | SH |  | SOLE |  | 0 | 0 | 34658 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 6266608 | 83689 | SH |  | SOLE |  | 0 | 0 | 83689 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3554287 | 17175 | SH |  | SOLE |  | 0 | 0 | 17175 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 33095521 | 102711 | SH |  | SOLE |  | 0 | 0 | 102711 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 225541 | 899 | SH |  | SOLE |  | 0 | 0 | 899 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 206272 | 1205 | SH |  | SOLE |  | 0 | 0 | 1205 |
| LEGG MASON ETF INVT | FRANKLIN INTL LW | 52468L505 |  | 749125 | 20346 | SH |  | SOLE |  | 0 | 0 | 20346 |
| LINDE PLC | SHS | G54950103 |  | 407577 | 956 | SH |  | SOLE |  | 0 | 0 | 956 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 1653127 | 58914 | SH |  | SOLE |  | 0 | 0 | 58914 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 390175 | 807 | SH |  | SOLE |  | 0 | 0 | 807 |
| LOWES COS INC | COM | 548661107 |  | 670549 | 2781 | SH |  | SOLE |  | 0 | 0 | 2781 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 4751522 | 8323 | SH |  | SOLE |  | 0 | 0 | 8323 |
| MATTEL INC | COM | 577081102 |  | 25042445 | 1262220 | SH |  | SOLE |  | 0 | 0 | 1262220 |
| MCKESSON CORP | COM | 58155Q103 |  | 501681 | 612 | SH |  | SOLE |  | 0 | 0 | 612 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 392781 | 195 | SH |  | SOLE |  | 0 | 0 | 195 |
| MERCK  CO INC | COM | 58933Y105 |  | 523735 | 4976 | SH |  | SOLE |  | 0 | 0 | 4976 |
| META PLATFORMS INC | CL A | 30303M102 |  | 12244699 | 18550 | SH |  | SOLE |  | 0 | 0 | 18550 |
| MICROSOFT CORP | COM | 594918104 |  | 34055846 | 70419 | SH |  | SOLE |  | 0 | 0 | 70419 |
| NETFLIX INC | COM | 64110L106 |  | 241224 | 2573 | SH |  | SOLE |  | 0 | 0 | 2573 |
| NIKE INC | CL B | 654106103 |  | 264401 | 4150 | SH |  | SOLE |  | 0 | 0 | 4150 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 354946 | 2229 | SH |  | SOLE |  | 0 | 0 | 2229 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 16649442 | 89273 | SH |  | SOLE |  | 0 | 0 | 89273 |
| ORACLE CORP | COM | 68389X105 |  | 298477 | 1531 | SH |  | SOLE |  | 0 | 0 | 1531 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 7065957 | 80892 | SH |  | SOLE |  | 0 | 0 | 80892 |
| PACER FDS TR | GLOBL CASH ETF | 69374H709 |  | 541544 | 13138 | SH |  | SOLE |  | 0 | 0 | 13138 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1158991 | 6292 | SH |  | SOLE |  | 0 | 0 | 6292 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1483554 | 9249 | SH |  | SOLE |  | 0 | 0 | 9249 |
| PPL CORP | COM | 69351T106 |  | 19928311 | 569055 | SH |  | SOLE |  | 0 | 0 | 569055 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 14793380 | 103226 | SH |  | SOLE |  | 0 | 0 | 103226 |
| PROGRESSIVE CORP | COM | 743315103 |  | 11179694 | 49094 | SH |  | SOLE |  | 0 | 0 | 49094 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 810301 | 13990 | SH |  | SOLE |  | 0 | 0 | 13990 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 870268 | 12360 | SH |  | SOLE |  | 0 | 0 | 12360 |
| QUALCOMM INC | COM | 747525103 |  | 12620406 | 73782 | SH |  | SOLE |  | 0 | 0 | 73782 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 859096 | 4951 | SH |  | SOLE |  | 0 | 0 | 4951 |
| ROYAL BK CDA | COM | 780087102 |  | 375078 | 2200 | SH |  | SOLE |  | 0 | 0 | 2200 |
| RTX CORPORATION | COM | 75513E101 |  | 930935 | 5076 | SH |  | SOLE |  | 0 | 0 | 5076 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 289671 | 3061 | SH |  | SOLE |  | 0 | 0 | 3061 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 21509882 | 882638 | SH |  | SOLE |  | 0 | 0 | 882638 |
| SCHWAB STRATEGIC TR | LONG TERM US | 808524680 |  | 2435523 | 76830 | SH |  | SOLE |  | 0 | 0 | 76830 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 26701815 | 1064666 | SH |  | SOLE |  | 0 | 0 | 1064666 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 456135 | 18974 | SH |  | SOLE |  | 0 | 0 | 18974 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 1874336 | 70756 | SH |  | SOLE |  | 0 | 0 | 70756 |
| SCHWAB STRATEGIC TR | MUN BD ETF | 808524649 |  | 453350 | 17599 | SH |  | SOLE |  | 0 | 0 | 17599 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1059627 | 38630 | SH |  | SOLE |  | 0 | 0 | 38630 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 309521 | 10868 | SH |  | SOLE |  | 0 | 0 | 10868 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 480171 | 4021 | SH |  | SOLE |  | 0 | 0 | 4021 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 1087485 | 7554 | SH |  | SOLE |  | 0 | 0 | 7554 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 1050126 | 19173 | SH |  | SOLE |  | 0 | 0 | 19173 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 2934111 | 65625 | SH |  | SOLE |  | 0 | 0 | 65625 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 431333 | 24452 | SH |  | SOLE |  | 0 | 0 | 24452 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 300356 | 625 | SH |  | SOLE |  | 0 | 0 | 625 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 650345 | 1641 | SH |  | SOLE |  | 0 | 0 | 1641 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1126789 | 1652 | SH |  | SOLE |  | 0 | 0 | 1652 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 954688 | 1400 | SH | Put | SOLE |  | 0 | 0 | 1400 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 3790727 | 47254 | SH |  | SOLE |  | 0 | 0 | 47254 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 870450 | 15322 | SH |  | SOLE |  | 0 | 0 | 15322 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A805 |  | 1452417 | 17605 | SH |  | SOLE |  | 0 | 0 | 17605 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 233966 | 7747 | SH |  | SOLE |  | 0 | 0 | 7747 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 321076 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 1079193 | 32683 | SH |  | SOLE |  | 0 | 0 | 32683 |
| STARBUCKS CORP | COM | 855244109 |  | 387531 | 4602 | SH |  | SOLE |  | 0 | 0 | 4602 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 19916604 | 65539 | SH |  | SOLE |  | 0 | 0 | 65539 |
| TENAYA THERAPEUTICS INC | COM | 87990A106 |  | 7827 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| TESLA INC | COM | 88160R101 |  | 893006 | 1986 | SH |  | SOLE |  | 0 | 0 | 1986 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 21505914 | 263198 | SH |  | SOLE |  | 0 | 0 | 263198 |
| UNION PAC CORP | COM | 907818108 |  | 15085512 | 65215 | SH |  | SOLE |  | 0 | 0 | 65215 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 668397 | 6739 | SH |  | SOLE |  | 0 | 0 | 6739 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 19806335 | 59999 | SH |  | SOLE |  | 0 | 0 | 59999 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 236046 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 7012374 | 19472 | SH |  | SOLE |  | 0 | 0 | 19472 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 1385484 | 26235 | SH |  | SOLE |  | 0 | 0 | 26235 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 10086266 | 129510 | SH |  | SOLE |  | 0 | 0 | 129510 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 1455033 | 20930 | SH |  | SOLE |  | 0 | 0 | 20930 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 6388827 | 81066 | SH |  | SOLE |  | 0 | 0 | 81066 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 332647 | 6674 | SH |  | SOLE |  | 0 | 0 | 6674 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 18187064 | 245539 | SH |  | SOLE |  | 0 | 0 | 245539 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 866325 | 1381 | SH |  | SOLE |  | 0 | 0 | 1381 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 267974 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1706340 | 5089 | SH |  | SOLE |  | 0 | 0 | 5089 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 10749089 | 121472 | SH |  | SOLE |  | 0 | 0 | 121472 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1097732 | 3782 | SH |  | SOLE |  | 0 | 0 | 3782 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 280962 | 930 | SH |  | SOLE |  | 0 | 0 | 930 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 750430 | 1538 | SH |  | SOLE |  | 0 | 0 | 1538 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1503061 | 7870 | SH |  | SOLE |  | 0 | 0 | 7870 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 582305 | 2749 | SH |  | SOLE |  | 0 | 0 | 2749 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 4735006 | 18356 | SH |  | SOLE |  | 0 | 0 | 18356 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 25882899 | 180583 | SH |  | SOLE |  | 0 | 0 | 180583 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 816352 | 11098 | SH |  | SOLE |  | 0 | 0 | 11098 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5788647 | 107676 | SH |  | SOLE |  | 0 | 0 | 107676 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 |  | 6168243 | 79187 | SH |  | SOLE |  | 0 | 0 | 79187 |
| VANGUARD MUN BD FDS | CORE TAX EXEMPT | 922907712 |  | 1014984 | 13431 | SH |  | SOLE |  | 0 | 0 | 13431 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 3144606 | 62529 | SH |  | SOLE |  | 0 | 0 | 62529 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 6136902 | 76971 | SH |  | SOLE |  | 0 | 0 | 76971 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 349308 | 6260 | SH |  | SOLE |  | 0 | 0 | 6260 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 700995 | 9242 | SH |  | SOLE |  | 0 | 0 | 9242 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 8027786 | 95854 | SH |  | SOLE |  | 0 | 0 | 95854 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 3233851 | 14714 | SH |  | SOLE |  | 0 | 0 | 14714 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 36505095 | 584362 | SH |  | SOLE |  | 0 | 0 | 584362 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 410214 | 4486 | SH |  | SOLE |  | 0 | 0 | 4486 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 251160 | 1750 | SH |  | SOLE |  | 0 | 0 | 1750 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 422229 | 3163 | SH |  | SOLE |  | 0 | 0 | 3163 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 588702 | 781 | SH |  | SOLE |  | 0 | 0 | 781 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 15554186 | 34309 | SH |  | SOLE |  | 0 | 0 | 34309 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 340697 | 2103 | SH |  | SOLE |  | 0 | 0 | 2103 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 863633 | 12094 | SH |  | SOLE |  | 0 | 0 | 12094 |
| VISA INC | COM CL A | 92826C839 |  | 19647141 | 56021 | SH |  | SOLE |  | 0 | 0 | 56021 |
| WALMART INC | COM | 931142103 |  | 834073 | 7487 | SH |  | SOLE |  | 0 | 0 | 7487 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 18609685 | 84701 | SH |  | SOLE |  | 0 | 0 | 84701 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 260308 | 2793 | SH |  | SOLE |  | 0 | 0 | 2793 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 16718328 | 13794 | SH |  | SOLE |  | 0 | 0 | 13794 |
| WESCO INTL INC | COM | 95082P105 |  | 6973158 | 28504 | SH |  | SOLE |  | 0 | 0 | 28504 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 344765 | 7381 | SH |  | SOLE |  | 0 | 0 | 7381 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 393492 | 4400 | SH |  | SOLE |  | 0 | 0 | 4400 |
| ZOETIS INC | CL A | 98978V103 |  | 9990683 | 79405 | SH |  | SOLE |  | 0 | 0 | 79405 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 222197 | 2575 | SH |  | SOLE |  | 0 | 0 | 2575 |

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