# EDGAR Filing Document

**Accession Number:** 0001841496
**File Stem:** 0002085853-26-000028
**Filing Date:** 2026-1
**Character Count:** 32683
**Document Hash:** 098e0921f215712bc2c020cd5c1f0f29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000028.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0002085853-26-000028

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260108

**EFFECTIVENESS DATE**: 20260109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Marshall Financial Group, LLC
- **CENTRAL INDEX KEY:** 0001841496

**ORGANIZATION NAME:**
- **EIN:** 043849187
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20487
- **FILM NUMBER:** 26520805

**BUSINESS ADDRESS:**
- **STREET 1:** 225 SCHILLING CIRCLE
- **STREET 2:** SUITE 295
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21031
- **BUSINESS PHONE:** 410.563.1190

**MAIL ADDRESS:**
- **STREET 1:** 225 SCHILLING CIRCLE
- **STREET 2:** SUITE 295
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21031

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Marshall Financial Group LLC
- **DATE OF NAME CHANGE:** 20250826

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Marshall Financial Group, LLC
- **DATE OF NAME CHANGE:** 20240823

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Marshall Financial Group LLC
- **DATE OF NAME CHANGE:** 20210121

### 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:** Marshall Financial Group LLC<br>**Address:** 225 Schilling Circle<br>Suite 295<br>Hunt Valley, MD 21031

**Form 13F File Number:** 028-20487

**CRD Number (if applicable):** 000146362

**SEC File Number (if applicable):** 801-117820

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:** Peter Andrew Marshall<br>**Title:** CCO<br>**Phone:** 410-563-1044

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

/s/ Peter Andrew Marshall  Hunt Valley, MD  01-08-2026<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:** 288

**Form 13F Information Table Value Total:** $515312045

      (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 |  | 231557 | 1446 | SH |  | SOLE |  | 0 | 0 | 1446 |
| ABBOTT LABS | COM | 002824100 |  | 400695 | 3198 | SH |  | SOLE |  | 0 | 0 | 3198 |
| ABBVIE INC | COM | 00287Y109 |  | 247590 | 1084 | SH |  | SOLE |  | 0 | 0 | 1084 |
| ADOBE INC | COM | 00724F101 |  | 363290 | 1038 | SH |  | SOLE |  | 0 | 0 | 1038 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 261144 | 1803 | SH |  | SOLE |  | 0 | 0 | 1803 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1899599 | 8870 | SH |  | SOLE |  | 0 | 0 | 8870 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 398573 | 2929 | SH |  | SOLE |  | 0 | 0 | 2929 |
| ALBEMARLE CORP | COM | 012653101 |  | 232936 | 1647 | SH |  | SOLE |  | 0 | 0 | 1647 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 1498579 | 9412 | SH |  | SOLE |  | 0 | 0 | 9412 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1917972 | 6128 | SH |  | SOLE |  | 0 | 0 | 6128 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5728696 | 18256 | SH |  | SOLE |  | 0 | 0 | 18256 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 323799 | 6886 | SH |  | SOLE |  | 0 | 0 | 6886 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 437178 | 7582 | SH |  | SOLE |  | 0 | 0 | 7582 |
| AMAZON COM INC | COM | 023135106 |  | 2135340 | 9251 | SH |  | SOLE |  | 0 | 0 | 9251 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1178106 | 3185 | SH |  | SOLE |  | 0 | 0 | 3185 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 799275 | 1630 | SH |  | SOLE |  | 0 | 0 | 1630 |
| AMGEN INC | COM | 031162100 |  | 1924206 | 5879 | SH |  | SOLE |  | 0 | 0 | 5879 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1427284 | 10562 | SH |  | SOLE |  | 0 | 0 | 10562 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 16975878 | 381480 | SH |  | SOLE |  | 0 | 0 | 381480 |
| APPLE INC | COM | 037833100 |  | 13437203 | 49427 | SH |  | SOLE |  | 0 | 0 | 49427 |
| APPLIED MATLS INC | COM | 038222105 |  | 2072441 | 8064 | SH |  | SOLE |  | 0 | 0 | 8064 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 854359 | 8907 | SH |  | SOLE |  | 0 | 0 | 8907 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2114431 | 16137 | SH |  | SOLE |  | 0 | 0 | 16137 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 733453 | 3838 | SH |  | SOLE |  | 0 | 0 | 3838 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1589863 | 1486 | SH |  | SOLE |  | 0 | 0 | 1486 |
| AT INC | COM | 00206R102 |  | 295219 | 11885 | SH |  | SOLE |  | 0 | 0 | 11885 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 486325 | 2901 | SH |  | SOLE |  | 0 | 0 | 2901 |
| AUTODESK INC | COM | 052769106 |  | 1140231 | 3852 | SH |  | SOLE |  | 0 | 0 | 3852 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 823929 | 3203 | SH |  | SOLE |  | 0 | 0 | 3203 |
| AUTONATION INC | COM | 05329W102 |  | 1041485 | 5044 | SH |  | SOLE |  | 0 | 0 | 5044 |
| BANK AMERICA CORP | COM | 060505104 |  | 795841 | 14470 | SH |  | SOLE |  | 0 | 0 | 14470 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 216740 | 1867 | SH |  | SOLE |  | 0 | 0 | 1867 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754800 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1590385 | 3164 | SH |  | SOLE |  | 0 | 0 | 3164 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 798095 | 13220 | SH |  | SOLE |  | 0 | 0 | 13220 |
| BLACKSTONE INC | COM | 09260D107 |  | 519606 | 3371 | SH |  | SOLE |  | 0 | 0 | 3371 |
| BROADCOM INC | COM | 11135F101 |  | 5444619 | 15731 | SH |  | SOLE |  | 0 | 0 | 15731 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 846144 | 32469 | SH |  | SOLE |  | 0 | 0 | 32469 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 702992 | 2249 | SH |  | SOLE |  | 0 | 0 | 2249 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 869200 | 25678 | SH |  | SOLE |  | 0 | 0 | 25678 |
| CARLISLE COS INC | COM | 142339100 |  | 730260 | 2283 | SH |  | SOLE |  | 0 | 0 | 2283 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 1371451 | 4356 | SH |  | SOLE |  | 0 | 0 | 4356 |
| CHART INDS INC | COM | 16115Q308 |  | 1143133 | 5543 | SH |  | SOLE |  | 0 | 0 | 5543 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 739642 | 3986 | SH |  | SOLE |  | 0 | 0 | 3986 |
| CHEVRON CORP NEW | COM | 166764100 |  | 383109 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 816437 | 4999 | SH |  | SOLE |  | 0 | 0 | 4999 |
| CINTAS CORP | COM | 172908105 |  | 409075 | 2175 | SH |  | SOLE |  | 0 | 0 | 2175 |
| CISCO SYS INC | COM | 17275R102 |  | 2568745 | 33347 | SH |  | SOLE |  | 0 | 0 | 33347 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 1038390 | 78192 | SH |  | SOLE |  | 0 | 0 | 78192 |
| COCA COLA CO | COM | 191216100 |  | 474270 | 6784 | SH |  | SOLE |  | 0 | 0 | 6784 |
| COGNEX CORP | COM | 192422103 |  | 851195 | 23657 | SH |  | SOLE |  | 0 | 0 | 23657 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 1014017 | 19374 | SH |  | SOLE |  | 0 | 0 | 19374 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 2887731 | 29075 | SH |  | SOLE |  | 0 | 0 | 29075 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1806674 | 5114 | SH |  | SOLE |  | 0 | 0 | 5114 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 686954 | 5696 | SH |  | SOLE |  | 0 | 0 | 5696 |
| COPART INC | COM | 217204106 |  | 915170 | 23376 | SH |  | SOLE |  | 0 | 0 | 23376 |
| CORNERSTONE STRATEGIC INVEST | COM | 21924B302 |  | 83600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| CORNERSTONE TOTAL RETURN FD | COM | 21924U300 |  | 144701 | 18065 | SH |  | SOLE |  | 0 | 0 | 18065 |
| CORNING INC | COM | 219350105 |  | 258501 | 2952 | SH |  | SOLE |  | 0 | 0 | 2952 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 209301 | 243 | SH |  | SOLE |  | 0 | 0 | 243 |
| CREDICORP LTD | COM | G2519Y108 |  | 912086 | 3178 | SH |  | SOLE |  | 0 | 0 | 3178 |
| CROCS INC | COM | 227046109 |  | 1236876 | 14463 | SH |  | SOLE |  | 0 | 0 | 14463 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1141512 | 9015 | SH |  | SOLE |  | 0 | 0 | 9015 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 949216 | 2128 | SH |  | SOLE |  | 0 | 0 | 2128 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 816090 | 7872 | SH |  | SOLE |  | 0 | 0 | 7872 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2827067 | 18273 | SH |  | SOLE |  | 0 | 0 | 18273 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 1761505 | 37639 | SH |  | SOLE |  | 0 | 0 | 37639 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 962735 | 25262 | SH |  | SOLE |  | 0 | 0 | 25262 |
| DIREXION SHS ETF TR | NAS100 EQL WGT | 25459Y207 |  | 963810 | 9420 | SH |  | SOLE |  | 465 | 0 | 8955 |
| DOVER CORP | COM | 260003108 |  | 960697 | 4921 | SH |  | SOLE |  | 0 | 0 | 4921 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 706146 | 6025 | SH |  | SOLE |  | 0 | 0 | 6025 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 2147982 | 19112 | SH |  | SOLE |  | 0 | 0 | 19112 |
| EATON CORP PLC | SHS | G29183103 |  | 1195333 | 3753 | SH |  | SOLE |  | 0 | 0 | 3753 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 |  | 106061 | 12025 | SH |  | SOLE |  | 0 | 0 | 12025 |
| ELI LILLY  CO | COM | 532457108 |  | 1984433 | 1847 | SH |  | SOLE |  | 0 | 0 | 1847 |
| EOG RES INC | COM | 26875P101 |  | 816929 | 7780 | SH |  | SOLE |  | 0 | 0 | 7780 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 885665 | 14613 | SH |  | SOLE |  | 0 | 0 | 14613 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 1793854 | 17663 | SH |  | SOLE |  | 0 | 0 | 17663 |
| EXELON CORP | COM | 30161N101 |  | 339784 | 7795 | SH |  | SOLE |  | 0 | 0 | 7795 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 609140 | 5062 | SH |  | SOLE |  | 0 | 0 | 5062 |
| FAIR ISAAC CORP | COM | 303250104 |  | 223162 | 132 | SH |  | SOLE |  | 0 | 0 | 132 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 1140250 | 11312 | SH |  | SOLE |  | 0 | 0 | 11312 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 1127546 | 21654 | SH |  | SOLE |  | 0 | 0 | 21654 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 621774 | 13505 | SH |  | SOLE |  | 180 | 0 | 13325 |
| FIDELITY MERRIMACK STR TR | CORP BOND ETF | 316188101 |  | 597861 | 12500 | SH |  | SOLE |  | 176 | 0 | 12324 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 704654 | 33992 | SH |  | SOLE |  | 0 | 0 | 33992 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 228104 | 11764 | SH |  | SOLE |  | 0 | 0 | 11764 |
| FIRST TR EXCH TRADED FD III | MUNI HI INCM ETF | 33739P301 |  | 592561 | 12362 | SH |  | SOLE |  | 0 | 0 | 12362 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 3113317 | 81245 | SH |  | SOLE |  | 0 | 0 | 81245 |
| FIRST TR EXCHANGE-TRADED FD | LNG DUR OPRTUN | 33738D606 |  | 15636313 | 716276 | SH |  | SOLE |  | 0 | 0 | 716276 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST RIS | 33738D879 |  | 1232159 | 46957 | SH |  | SOLE |  | 0 | 0 | 46957 |
| FIRST TR EXCHNG TRADED FD VI | VEST BUFFERED | 33740U760 |  | 1450293 | 58943 | SH |  | SOLE |  | 0 | 0 | 58943 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST UQ EQT | 33740F672 |  | 390815 | 8824 | SH |  | SOLE |  | 0 | 0 | 8824 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F763 |  | 1176450 | 20778 | SH |  | SOLE |  | 0 | 0 | 20778 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F862 |  | 305522 | 5770 | SH |  | SOLE |  | 0 | 0 | 5770 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F623 |  | 1070035 | 20677 | SH |  | SOLE |  | 0 | 0 | 20677 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S EQT | 33740U695 |  | 258803 | 6587 | SH |  | SOLE |  | 0 | 0 | 6587 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US SMALL | 33740F292 |  | 234123 | 9962 | SH |  | SOLE |  | 0 | 0 | 9962 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 64367 | 10217 | SH |  | SOLE |  | 0 | 0 | 10217 |
| GARMIN LTD | SHS | H2906T109 |  | 762015 | 3757 | SH |  | SOLE |  | 0 | 0 | 3757 |
| GARTNER INC | COM | 366651107 |  | 839840 | 3329 | SH |  | SOLE |  | 0 | 0 | 3329 |
| GE VERNOVA INC | COM | 36828A101 |  | 220968 | 338 | SH |  | SOLE |  | 0 | 0 | 338 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 527495 | 1567 | SH |  | SOLE |  | 0 | 0 | 1567 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 11870166 | 248382 | SH |  | SOLE |  | 0 | 0 | 248382 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 1324211 | 30330 | SH |  | SOLE |  | 0 | 0 | 30330 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 457080 | 520 | SH |  | SOLE |  | 0 | 0 | 520 |
| GRACO INC | COM | 384109104 |  | 1103489 | 13462 | SH |  | SOLE |  | 0 | 0 | 13462 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 569279 | 3423 | SH |  | SOLE |  | 0 | 0 | 3423 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 771971 | 7097 | SH |  | SOLE |  | 0 | 0 | 7097 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 974376 | 3696 | SH |  | SOLE |  | 0 | 0 | 3696 |
| HARTFORD FDS EXCHANGE TRADED | TOTAL RTRN ETF | 41653L305 |  | 2878358 | 84286 | SH |  | SOLE |  | 0 | 0 | 84286 |
| HOME DEPOT INC | COM | 437076102 |  | 817640 | 2376 | SH |  | SOLE |  | 0 | 0 | 2376 |
| HONEYWELL INTL INC | COM | 438516106 |  | 745645 | 3822 | SH |  | SOLE |  | 0 | 0 | 3822 |
| IDEXX LABS INC | COM | 45168D104 |  | 326764 | 483 | SH |  | SOLE |  | 0 | 0 | 483 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 290210 | 1178 | SH |  | SOLE |  | 0 | 0 | 1178 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1132281 | 63540 | SH |  | SOLE |  | 0 | 0 | 63540 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N106 |  | 217418 | 8119 | SH |  | SOLE |  | 0 | 0 | 8119 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 660208 | 14041 | SH |  | SOLE |  | 0 | 0 | 14041 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N809 |  | 335623 | 12582 | SH |  | SOLE |  | 0 | 0 | 12582 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N858 |  | 864815 | 33602 | SH |  | SOLE |  | 0 | 0 | 33602 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C383 |  | 241203 | 5367 | SH |  | SOLE |  | 0 | 0 | 5367 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N726 |  | 276104 | 10710 | SH |  | SOLE |  | 0 | 0 | 10710 |
| INNOVATOR ETFS TRUST | US SM CAP BUFFER | 45784N783 |  | 208032 | 7636 | SH |  | SOLE |  | 0 | 0 | 7636 |
| INTERDIGITAL INC | COM | 45867G101 |  | 980062 | 3078 | SH |  | SOLE |  | 0 | 0 | 3078 |
| INVESCO EXCH TRADED FD TR II | S MDCP 400 REV | 46138G672 |  | 884124 | 6991 | SH |  | SOLE |  | 0 | 0 | 6991 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 835197 | 7294 | SH |  | SOLE |  | 0 | 0 | 7294 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 2553504 | 10096 | SH |  | SOLE |  | 0 | 0 | 10096 |
| INVESCO EXCH TRADED FD TR II | S SMALLCAP 600 | 46138G664 |  | 587584 | 12060 | SH |  | SOLE |  | 0 | 0 | 12060 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 214010 | 19040 | SH |  | SOLE |  | 0 | 0 | 19040 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 2459383 | 24013 | SH |  | SOLE |  | 0 | 0 | 24013 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1627373 | 8495 | SH |  | SOLE |  | 251 | 0 | 8244 |
| INVESCO EXCHANGE TRADED FD T | S SMCP VLU MNT | 46137V480 |  | 983469 | 17212 | SH |  | SOLE |  | 0 | 0 | 17212 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 16586681 | 27001 | SH |  | SOLE |  | 0 | 0 | 27001 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 809404 | 11137 | SH |  | SOLE |  | 0 | 0 | 11137 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 575191 | 6796 | SH |  | SOLE |  | 0 | 0 | 6796 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 11583825 | 254870 | SH |  | SOLE |  | 0 | 0 | 254870 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 798930 | 34698 | SH |  | SOLE |  | 360 | 0 | 34338 |
| ISHARES TR | ESG AWRE 1 5 YR | 46435G243 |  | 340079 | 13474 | SH |  | SOLE |  | 0 | 0 | 13474 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 216941 | 2489 | SH |  | SOLE |  | 0 | 0 | 2489 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 380386 | 3565 | SH |  | SOLE |  | 0 | 0 | 3565 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 368994 | 1499 | SH |  | SOLE |  | 0 | 0 | 1499 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 733748 | 11117 | SH |  | SOLE |  | 715 | 0 | 10402 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 318531 | 673 | SH |  | SOLE |  | 0 | 0 | 673 |
| ISHARES TR | US TECH BRKTHR | 46436E502 |  | 248714 | 4085 | SH |  | SOLE |  | 419 | 0 | 3666 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 535354 | 7712 | SH |  | SOLE |  | 0 | 0 | 7712 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 244436 | 2010 | SH |  | SOLE |  | 0 | 0 | 2010 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1389915 | 6998 | SH |  | SOLE |  | 255 | 0 | 6743 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 627642 | 5223 | SH |  | SOLE |  | 191 | 0 | 5032 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1174521 | 1715 | SH |  | SOLE |  | 0 | 0 | 1715 |
| ISHARES TR | MRGSTR MD CP ETF | 464288208 |  | 393695 | 4759 | SH |  | SOLE |  | 0 | 0 | 4759 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 220483 | 4315 | SH |  | SOLE |  | 0 | 0 | 4315 |
| ITT INC | COM | 45073V108 |  | 1106492 | 6377 | SH |  | SOLE |  | 0 | 0 | 6377 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 1179050 | 15746 | SH |  | SOLE |  | 672 | 0 | 15074 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 867018 | 15147 | SH |  | SOLE |  | 0 | 0 | 15147 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 1519798 | 30095 | SH |  | SOLE |  | 0 | 0 | 30095 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 2207512 | 37982 | SH |  | SOLE |  | 0 | 0 | 37982 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 5321818 | 105216 | SH |  | SOLE |  | 0 | 0 | 105216 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 21435141 | 411739 | SH |  | SOLE |  | 0 | 0 | 411739 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 388610 | 8147 | SH |  | SOLE |  | 0 | 0 | 8147 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2206699 | 10663 | SH |  | SOLE |  | 0 | 0 | 10663 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1825807 | 5666 | SH |  | SOLE |  | 0 | 0 | 5666 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 791634 | 2024 | SH |  | SOLE |  | 0 | 0 | 2024 |
| KLA CORP | COM NEW | 482480100 |  | 1868271 | 1538 | SH |  | SOLE |  | 0 | 0 | 1538 |
| KRAFT HEINZ CO | COM | 500754106 |  | 233128 | 9614 | SH |  | SOLE |  | 0 | 0 | 9614 |
| KROGER CO | COM | 501044101 |  | 2836621 | 45400 | SH |  | SOLE |  | 0 | 0 | 45400 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4439533 | 25935 | SH |  | SOLE |  | 0 | 0 | 25935 |
| LATTICE STRATEGIES TR | HARTFORD US EQTY | 518416409 |  | 4939361 | 85589 | SH |  | SOLE |  | 0 | 0 | 85589 |
| LENNOX INTL INC | COM | 526107107 |  | 757530 | 1560 | SH |  | SOLE |  | 0 | 0 | 1560 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3271722 | 6764 | SH |  | SOLE |  | 0 | 0 | 6764 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 2351236 | 6379 | SH |  | SOLE |  | 0 | 0 | 6379 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1450261 | 4675 | SH |  | SOLE |  | 0 | 0 | 4675 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 759569 | 4094 | SH |  | SOLE |  | 0 | 0 | 4094 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2014206 | 3528 | SH |  | SOLE |  | 0 | 0 | 3528 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1599631 | 23486 | SH |  | SOLE |  | 0 | 0 | 23486 |
| MCDONALDS CORP | COM | 580135101 |  | 3146933 | 10297 | SH |  | SOLE |  | 0 | 0 | 10297 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 1126670 | 2006 | SH |  | SOLE |  | 0 | 0 | 2006 |
| MERCK  CO INC | COM | 58933Y105 |  | 3577238 | 33985 | SH |  | SOLE |  | 0 | 0 | 33985 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2873869 | 4354 | SH |  | SOLE |  | 0 | 0 | 4354 |
| MFS ACTIVE EXCHANGE TRADED F | INTERMEDITE MUNI | 55286W306 |  | 355443 | 14195 | SH |  | SOLE |  | 0 | 0 | 14195 |
| MFS ACTIVE EXCHANGE TRADED F | CORE PLUS BD ETF | 55286W108 |  | 23029393 | 913321 | SH |  | SOLE |  | 0 | 0 | 913321 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 214628 | 752 | SH |  | SOLE |  | 0 | 0 | 752 |
| MICROSOFT CORP | COM | 594918104 |  | 5033016 | 10407 | SH |  | SOLE |  | 0 | 0 | 10407 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 301416 | 5599 | SH |  | SOLE |  | 0 | 0 | 5599 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 447768 | 494 | SH |  | SOLE |  | 0 | 0 | 494 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 2673943 | 34876 | SH |  | SOLE |  | 0 | 0 | 34876 |
| MOODYS CORP | COM | 615369105 |  | 1701437 | 3331 | SH |  | SOLE |  | 0 | 0 | 3331 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1335104 | 3483 | SH |  | SOLE |  | 0 | 0 | 3483 |
| MUELLER INDS INC | COM | 624756102 |  | 837367 | 7294 | SH |  | SOLE |  | 0 | 0 | 7294 |
| NETAPP INC | COM | 64110D104 |  | 958191 | 8948 | SH |  | SOLE |  | 0 | 0 | 8948 |
| NETFLIX INC | COM | 64110L106 |  | 2362377 | 25196 | SH |  | SOLE |  | 0 | 0 | 25196 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 791254 | 9856 | SH |  | SOLE |  | 0 | 0 | 9856 |
| NORDSON CORP | COM | 655663102 |  | 812894 | 3381 | SH |  | SOLE |  | 0 | 0 | 3381 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 2324370 | 16859 | SH |  | SOLE |  | 0 | 0 | 16859 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1612350 | 31689 | SH |  | SOLE |  | 0 | 0 | 31689 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14745847 | 79066 | SH |  | SOLE |  | 0 | 0 | 79066 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1074964 | 4952 | SH |  | SOLE |  | 0 | 0 | 4952 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 330346 | 2107 | SH |  | SOLE |  | 0 | 0 | 2107 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 1251287 | 18524 | SH |  | SOLE |  | 0 | 0 | 18524 |
| PACER FDS TR | METAURUS CAP 400 | 69374H436 |  | 242234 | 5702 | SH |  | SOLE |  | 0 | 0 | 5702 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 307152 | 1728 | SH |  | SOLE |  | 0 | 0 | 1728 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1230588 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| PAYCHEX INC | COM | 704326107 |  | 237507 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| PENTAIR PLC | SHS | G7S00T104 |  | 205373 | 1972 | SH |  | SOLE |  | 0 | 0 | 1972 |
| PEPSICO INC | COM | 713448108 |  | 316348 | 2204 | SH |  | SOLE |  | 0 | 0 | 2204 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 2980303 | 60099 | SH |  | SOLE |  | 0 | 0 | 60099 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 969458 | 6044 | SH |  | SOLE |  | 0 | 0 | 6044 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 608211 | 6062 | SH |  | SOLE |  | 81 | 0 | 5981 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 719246 | 13723 | SH |  | SOLE |  | 0 | 0 | 13723 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 257193 | 5100 | SH |  | SOLE |  | 0 | 0 | 5100 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 531845 | 5996 | SH |  | SOLE |  | 0 | 0 | 5996 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 204973 | 982 | SH |  | SOLE |  | 0 | 0 | 982 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2813462 | 19632 | SH |  | SOLE |  | 0 | 0 | 19632 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 |  | 204326 | 3119 | SH |  | SOLE |  | 0 | 0 | 3119 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 6071290 | 104822 | SH |  | SOLE |  | 0 | 0 | 104822 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 5088179 | 72265 | SH |  | SOLE |  | 0 | 0 | 72265 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 795347 | 3065 | SH |  | SOLE |  | 0 | 0 | 3065 |
| PULTE GROUP INC | COM | 745867101 |  | 772978 | 6592 | SH |  | SOLE |  | 0 | 0 | 6592 |
| PURE STORAGE INC | CL A | 74624M102 |  | 708296 | 10570 | SH |  | SOLE |  | 0 | 0 | 10570 |
| QUALCOMM INC | COM | 747525103 |  | 2538075 | 14838 | SH |  | SOLE |  | 0 | 0 | 14838 |
| QUALYS INC | COM | 74758T303 |  | 838732 | 6311 | SH |  | SOLE |  | 0 | 0 | 6311 |
| RAMBUS INC DEL | COM | 750917106 |  | 716834 | 7801 | SH |  | SOLE |  | 0 | 0 | 7801 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 929556 | 22997 | SH |  | SOLE |  | 0 | 0 | 22997 |
| RESMED INC | COM | 761152107 |  | 2221402 | 9222 | SH |  | SOLE |  | 0 | 0 | 9222 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 690048 | 2474 | SH |  | SOLE |  | 0 | 0 | 2474 |
| S GLOBAL INC | COM | 78409V104 |  | 1304907 | 2497 | SH |  | SOLE |  | 0 | 0 | 2497 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 308696 | 3090 | SH |  | SOLE |  | 0 | 0 | 3090 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 464585 | 19325 | SH |  | SOLE |  | 0 | 0 | 19325 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 1342972 | 29705 | SH |  | SOLE |  | 0 | 0 | 29705 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 15910284 | 634381 | SH |  | SOLE |  | 0 | 0 | 634381 |
| SEI INVTS CO | COM | 784117103 |  | 977775 | 11921 | SH |  | SOLE |  | 0 | 0 | 11921 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 328827 | 2284 | SH |  | SOLE |  | 0 | 0 | 2284 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1064051 | 5748 | SH |  | SOLE |  | 0 | 0 | 5748 |
| SNAP ON INC | COM | 833034101 |  | 749647 | 2175 | SH |  | SOLE |  | 0 | 0 | 2175 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 530119 | 20249 | SH |  | SOLE |  | 0 | 0 | 20249 |
| SOUTHERN CO | COM | 842587107 |  | 2717145 | 31160 | SH |  | SOLE |  | 0 | 0 | 31160 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 2769000 | 19300 | SH |  | SOLE |  | 0 | 0 | 19300 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 382149 | 795 | SH |  | SOLE |  | 0 | 0 | 795 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 256809 | 648 | SH |  | SOLE |  | 0 | 0 | 648 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2383624 | 3495 | SH |  | SOLE |  | 0 | 0 | 3495 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R739 |  | 254011 | 5293 | SH |  | SOLE |  | 0 | 0 | 5293 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R531 |  | 354696 | 5362 | SH |  | SOLE |  | 0 | 0 | 5362 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 249720 | 1794 | SH |  | SOLE |  | 0 | 0 | 1794 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A284 |  | 290825 | 11661 | SH |  | SOLE |  | 0 | 0 | 11661 |
| SPINNAKER ETF SERIES | GENTER CAP MUNIC | 84858T780 |  | 508583 | 49425 | SH |  | SOLE |  | 0 | 0 | 49425 |
| SSGA ACTIVE ETF TR | STATE STREET BLA | 78467V608 |  | 344296 | 8343 | SH |  | SOLE |  | 0 | 0 | 8343 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 1436731 | 35695 | SH |  | SOLE |  | 0 | 0 | 35695 |
| SSGA ACTIVE TR | STATE STREET BLA | 78470P846 |  | 456164 | 16040 | SH |  | SOLE |  | 0 | 0 | 16040 |
| SSGA ACTIVE TR | STATE STREET LOO | 78470P804 |  | 27512501 | 1056629 | SH |  | SOLE |  | 0 | 0 | 1056629 |
| SSGA ACTIVE TR | STATE STREET NUV | 78470P705 |  | 349870 | 12790 | SH |  | SOLE |  | 0 | 0 | 12790 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 943539 | 11309 | SH |  | SOLE |  | 0 | 0 | 11309 |
| T ROWE PRICE ETF INC | US EQUITY RESEAR | 87283Q503 |  | 4877332 | 114010 | SH |  | SOLE |  | 0 | 0 | 114010 |
| TANGER INC | COM | 875465106 |  | 926960 | 27778 | SH |  | SOLE |  | 0 | 0 | 27778 |
| TERADYNE INC | COM | 880770102 |  | 468534 | 2421 | SH |  | SOLE |  | 0 | 0 | 2421 |
| TESLA INC | COM | 88160R101 |  | 1082961 | 2408 | SH |  | SOLE |  | 0 | 0 | 2408 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2022894 | 24757 | SH |  | SOLE |  | 0 | 0 | 24757 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 220829 | 365 | SH |  | SOLE |  | 0 | 0 | 365 |
| UNION PAC CORP | COM | 907818108 |  | 226006 | 977 | SH |  | SOLE |  | 0 | 0 | 977 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 458070 | 4618 | SH |  | SOLE |  | 0 | 0 | 4618 |
| UNITED RENTALS INC | COM | 911363109 |  | 604573 | 747 | SH |  | SOLE |  | 0 | 0 | 747 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 879486 | 1805 | SH |  | SOLE |  | 0 | 0 | 1805 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 1257833 | 12146 | SH |  | SOLE |  | 471 | 0 | 11675 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 250089 | 8517 | SH |  | SOLE |  | 283 | 0 | 8234 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 848726 | 48059 | SH |  | SOLE |  | 462 | 0 | 47597 |
| VANECK ETF TRUST | DURABLE HGH DIV | 92189H102 |  | 914395 | 27057 | SH |  | SOLE |  | 655 | 0 | 26402 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 |  | 573356 | 22502 | SH |  | SOLE |  | 321 | 0 | 22181 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 712256 | 3477 | SH |  | SOLE |  | 0 | 0 | 3477 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 212959 | 479 | SH |  | SOLE |  | 0 | 0 | 479 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 269429 | 5576 | SH |  | SOLE |  | 167 | 0 | 5409 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1091501 | 3467 | SH |  | SOLE |  | 0 | 0 | 3467 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 451374 | 1346 | SH |  | SOLE |  | 0 | 0 | 1346 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 469791 | 1619 | SH |  | SOLE |  | 0 | 0 | 1619 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 10191702 | 16251 | SH |  | SOLE |  | 0 | 0 | 16251 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1248736 | 4841 | SH |  | SOLE |  | 0 | 0 | 4841 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1647555 | 30646 | SH |  | SOLE |  | 485 | 0 | 30161 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1339132 | 21436 | SH |  | SOLE |  | 0 | 0 | 21436 |
| VANGUARD WORLD FD | EXTENDED DUR | 921910709 |  | 6108392 | 93961 | SH |  | SOLE |  | 0 | 0 | 93961 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 376358 | 2819 | SH |  | SOLE |  | 0 | 0 | 2819 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 515521 | 2052 | SH |  | SOLE |  | 0 | 0 | 2052 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 934588 | 4178 | SH |  | SOLE |  | 0 | 0 | 4178 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 3066422 | 75287 | SH |  | SOLE |  | 0 | 0 | 75287 |
| VISA INC | COM CL A | 92826C839 |  | 3649451 | 10406 | SH |  | SOLE |  | 0 | 0 | 10406 |
| VISTRA CORP | COM | 92840M102 |  | 243612 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| WALMART INC | COM | 931142103 |  | 4545857 | 40803 | SH |  | SOLE |  | 0 | 0 | 40803 |
| WATERS CORP | COM | 941848103 |  | 845881 | 2227 | SH |  | SOLE |  | 0 | 0 | 2227 |
| WELLTOWER INC | COM | 95040Q104 |  | 544419 | 2933 | SH |  | SOLE |  | 0 | 0 | 2933 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 209701 | 762 | SH |  | SOLE |  | 0 | 0 | 762 |
| WILLIAMS COS INC | COM | 969457100 |  | 740243 | 12315 | SH |  | SOLE |  | 0 | 0 | 12315 |
| XP INC | CL A | G98239109 |  | 192075 | 11733 | SH |  | SOLE |  | 0 | 0 | 11733 |

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