# EDGAR Filing Document

**Accession Number:** 0001820593
**File Stem:** 0001820593-25-000004
**Filing Date:** 2025-11
**Character Count:** 16936
**Document Hash:** 49034216e63b738c4f76075823c0a639
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001820593-25-000004.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001820593-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Navalign, LLC
- **CENTRAL INDEX KEY:** 0001820593

**ORGANIZATION NAME:**
- **EIN:** 680494621
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21174
- **FILM NUMBER:** 251474885

**BUSINESS ADDRESS:**
- **STREET 1:** 15910 VENTURA BOULEVARD
- **STREET 2:** SUITE 1605
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436
- **BUSINESS PHONE:** (818) 728-4500

**MAIL ADDRESS:**
- **STREET 1:** 15910 VENTURA BOULEVARD
- **STREET 2:** SUITE 1605
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Navalign LLC<br>**Address:** 15910 VENTURA BOULEVARD<br>SUITE 1605<br>ENCINO, CA 91436

**Form 13F File Number:** 028-21174

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:** Chris Carter<br>**Title:** Chief Compliance Officer<br>**Phone:** 818-728-4500

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

/s/Chris Carter  Encino, CA  11-12-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 122

**Form 13F Information Table Value Total:** $379026279

      (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 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 303910 | 2269 | SH |  | SOLE |  | 0 | 0 | 2269 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 610679 | 2637 | SH |  | SOLE |  | 0 | 0 | 2637 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 845542 | 2397 | SH |  | SOLE |  | 0 | 0 | 2397 |
| ALLOGENE THERAPEUTICS INC | COM | 019770106 | BBG00KHRRDY2 | 74233 | 59865 | SH |  | SOLE |  | 0 | 0 | 59865 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3833137 | 15768 | SH |  | SOLE |  | 0 | 0 | 15768 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1738628 | 7139 | SH |  | SOLE |  | 0 | 0 | 7139 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 2921379 | 13305 | SH |  | SOLE |  | 0 | 0 | 13305 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 8067829 | 81059 | SH |  | SOLE |  | 0 | 0 | 81059 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 1159139 | 10303 | SH |  | SOLE |  | 0 | 0 | 10303 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 912829 | 4746 | SH |  | SOLE |  | 0 | 0 | 4746 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 6418273 | 22744 | SH |  | SOLE |  | 0 | 0 | 22744 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 25814770 | 101381 | SH |  | SOLE |  | 0 | 0 | 101381 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 201390 | 2625 | SH |  | SOLE |  | 0 | 0 | 2625 |
| AUTODESK INC | COM | 052769106 | BBG001S5SCD4 | 851038 | 2679 | SH |  | SOLE |  | 0 | 0 | 2679 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 1464539 | 28388 | SH |  | SOLE |  | 0 | 0 | 28388 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 886833 | 1764 | SH |  | SOLE |  | 0 | 0 | 1764 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 2059665 | 1767 | SH |  | SOLE |  | 0 | 0 | 1767 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 1430883 | 265 | SH |  | SOLE |  | 0 | 0 | 265 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 964292 | 9877 | SH |  | SOLE |  | 0 | 0 | 9877 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 3331279 | 10098 | SH |  | SOLE |  | 0 | 0 | 10098 |
| BXP INC | COM | 101121101 | BBG001S9TWV1 | 902265 | 12137 | SH |  | SOLE |  | 0 | 0 | 12137 |
| CALIFORNIA BANCORP | COM | 84252A106 | BBG001SMZ5M4 | 380304 | 22800 | SH |  | SOLE |  | 0 | 0 | 22800 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 1586906 | 7465 | SH |  | SOLE |  | 0 | 0 | 7465 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1074374 | 15703 | SH |  | SOLE |  | 0 | 0 | 15703 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 1604524 | 24194 | SH |  | SOLE |  | 0 | 0 | 24194 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 935359 | 9889 | SH |  | SOLE |  | 0 | 0 | 9889 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1698453 | 1835 | SH |  | SOLE |  | 0 | 0 | 1835 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 1017463 | 28653 | SH |  | SOLE |  | 0 | 0 | 28653 |
| CUE BIOPHARMA INC | COM | 22978P106 | BBG00FVMPFP5 | 17968 | 25000 | SH |  | SOLE |  | 0 | 0 | 25000 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 1010559 | 17807 | SH |  | SOLE |  | 0 | 0 | 17807 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 282250 | 2465 | SH |  | SOLE |  | 0 | 0 | 2465 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 830199 | 13572 | SH |  | SOLE |  | 0 | 0 | 13572 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1482562 | 1943 | SH |  | SOLE |  | 0 | 0 | 1943 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 246377 | 5024 | SH |  | SOLE |  | 0 | 0 | 5024 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 707697 | 3001 | SH |  | SOLE |  | 0 | 0 | 3001 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 | BBG0078X1341 | 43422735 | 939073 | SH |  | SOLE |  | 0 | 0 | 939073 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 | BBG00VC9SZ91 | 3668747 | 109777 | SH |  | SOLE |  | 0 | 0 | 109777 |
| FIRST TR EXCHNG TRADED FD VI | SMITH UNCONSTRAI | 33740F888 | BBG00L2NXWJ3 | 13821955 | 548742 | SH |  | SOLE |  | 0 | 0 | 548742 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 1012203 | 22091 | SH |  | SOLE |  | 0 | 0 | 22091 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 | BBG00243P8S9 | 16124598 | 368310 | SH |  | SOLE |  | 0 | 0 | 368310 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 | BBG00DRGSD25 | 239049 | 2385 | SH |  | SOLE |  | 0 | 0 | 2385 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 | BBG00NW3TGY3 | 310441 | 6123 | SH |  | SOLE |  | 0 | 0 | 6123 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 1910017 | 2398 | SH |  | SOLE |  | 0 | 0 | 2398 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1304684 | 6198 | SH |  | SOLE |  | 0 | 0 | 6198 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 326459 | 1157 | SH |  | SOLE |  | 0 | 0 | 1157 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 408321 | 913 | SH |  | SOLE |  | 0 | 0 | 913 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 7631532 | 40229 | SH |  | SOLE |  | 0 | 0 | 40229 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 228032 | 380 | SH |  | SOLE |  | 0 | 0 | 380 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 | BBG001T03XM5 | 10595877 | 185762 | SH |  | SOLE |  | 0 | 0 | 185762 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 514169 | 5889 | SH |  | SOLE |  | 0 | 0 | 5889 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 23513559 | 197876 | SH |  | SOLE |  | 0 | 0 | 197876 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 874106 | 1306 | SH |  | SOLE |  | 0 | 0 | 1306 |
| ISHARES TR | ESG SELECT SCRE | 46436E569 | BBG00XDJC7F6 | 506814 | 9837 | SH |  | SOLE |  | 0 | 0 | 9837 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 | BBG001S7XDQ8 | 174351 | 11263 | SH |  | SOLE |  | 0 | 0 | 11263 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 897204 | 3708 | SH |  | SOLE |  | 0 | 0 | 3708 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 358938 | 2973 | SH |  | SOLE |  | 0 | 0 | 2973 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 459408 | 2225 | SH |  | SOLE |  | 0 | 0 | 2225 |
| ISHARES TR | TRS FLT RT BD | 46434V860 | BBG005YTNMS3 | 280775 | 5550 | SH |  | SOLE |  | 0 | 0 | 5550 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 1710235 | 15555 | SH |  | SOLE |  | 0 | 0 | 15555 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 2879258 | 9128 | SH |  | SOLE |  | 0 | 0 | 9128 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 1295024 | 2726 | SH |  | SOLE |  | 0 | 0 | 2726 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 332349 | 1322 | SH |  | SOLE |  | 0 | 0 | 1322 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 517048 | 909 | SH |  | SOLE |  | 0 | 0 | 909 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 2490904 | 3224 | SH |  | SOLE |  | 0 | 0 | 3224 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1225590 | 14603 | SH |  | SOLE |  | 0 | 0 | 14603 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 5768690 | 7855 | SH |  | SOLE |  | 0 | 0 | 7855 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 928636 | 11274 | SH |  | SOLE |  | 0 | 0 | 11274 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3546248 | 6847 | SH |  | SOLE |  | 0 | 0 | 6847 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 2233588 | 1863 | SH |  | SOLE |  | 0 | 0 | 1863 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 | BBG001S8W4X9 | 506631 | 3609 | SH |  | SOLE |  | 0 | 0 | 3609 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 383548 | 5081 | SH |  | SOLE |  | 0 | 0 | 5081 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 1237179 | 17742 | SH |  | SOLE |  | 0 | 0 | 17742 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 8748152 | 46887 | SH |  | SOLE |  | 0 | 0 | 46887 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 807258 | 2870 | SH |  | SOLE |  | 0 | 0 | 2870 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 243713 | 1336 | SH |  | SOLE |  | 0 | 0 | 1336 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 1431754 | 7032 | SH |  | SOLE |  | 0 | 0 | 7032 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 310568 | 2450 | SH |  | SOLE |  | 0 | 0 | 2450 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 1032791 | 15401 | SH |  | SOLE |  | 0 | 0 | 15401 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 216484 | 1541 | SH |  | SOLE |  | 0 | 0 | 1541 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 270258 | 1666 | SH |  | SOLE |  | 0 | 0 | 1666 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 1064846 | 7829 | SH |  | SOLE |  | 0 | 0 | 7829 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1626525 | 10586 | SH |  | SOLE |  | 0 | 0 | 10586 |
| PROSPECT CAP CORP | COM | 74348T102 | BBG001SM4WF7 | 27695 | 10071 | SH |  | SOLE |  | 0 | 0 | 10071 |
| RESEARCH SOLUTIONS INC | COM | 761025105 | BBG001T30MS0 | 535553 | 143580 | SH |  | SOLE |  | 0 | 0 | 143580 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 428123 | 1225 | SH |  | SOLE |  | 0 | 0 | 1225 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1454341 | 6136 | SH |  | SOLE |  | 0 | 0 | 6136 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 975177 | 10214 | SH |  | SOLE |  | 0 | 0 | 10214 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 7441289 | 272575 | SH |  | SOLE |  | 0 | 0 | 272575 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 | BBG001T9F777 | 17453467 | 647624 | SH |  | SOLE |  | 0 | 0 | 647624 |
| SIMULATIONS PLUS INC | COM | 829214105 | BBG001S9TQV4 | 527540 | 35006 | SH |  | SOLE |  | 0 | 0 | 35006 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1167971 | 1753 | SH |  | SOLE |  | 0 | 0 | 1753 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 19647913 | 188000 | SH |  | SOLE |  | 0 | 0 | 188000 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 | BBG001SG4284 | 18885006 | 341316 | SH |  | SOLE |  | 0 | 0 | 341316 |
| SPDR SERIES TRUST | S 600 SMCP GRW | 78464A201 | BBG001SG4275 | 250865 | 2660 | SH |  | SOLE |  | 0 | 0 | 2660 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 | BBG001SG3JV2 | 239710 | 2704 | SH |  | SOLE |  | 0 | 0 | 2704 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 601107 | 8087 | SH |  | SOLE |  | 0 | 0 | 8087 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 1066711 | 12609 | SH |  | SOLE |  | 0 | 0 | 12609 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 218105 | 590 | SH |  | SOLE |  | 0 | 0 | 590 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 1801585 | 8207 | SH |  | SOLE |  | 0 | 0 | 8207 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 491416 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 1363676 | 4731 | SH |  | SOLE |  | 0 | 0 | 4731 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1075150 | 2217 | SH |  | SOLE |  | 0 | 0 | 2217 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 1566813 | 10840 | SH |  | SOLE |  | 0 | 0 | 10840 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG001SPV1C1 | 1010921 | 767 | SH |  | SOLE |  | 0 | 0 | 767 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 2294751 | 23423 | SH |  | SOLE |  | 0 | 0 | 23423 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1380049 | 5839 | SH |  | SOLE |  | 0 | 0 | 5839 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 944975 | 11313 | SH |  | SOLE |  | 0 | 0 | 11313 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 396842 | 1149 | SH |  | SOLE |  | 0 | 0 | 1149 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 2064656 | 26165 | SH |  | SOLE |  | 0 | 0 | 26165 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 718213 | 1497 | SH |  | SOLE |  | 0 | 0 | 1497 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 11288868 | 123484 | SH |  | SOLE |  | 0 | 0 | 123484 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 624872 | 1020 | SH |  | SOLE |  | 0 | 0 | 1020 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 403844 | 1231 | SH |  | SOLE |  | 0 | 0 | 1231 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 2031168 | 37489 | SH |  | SOLE |  | 0 | 0 | 37489 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 1575252 | 31461 | SH |  | SOLE |  | 0 | 0 | 31461 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 216291 | 2706 | SH |  | SOLE |  | 0 | 0 | 2706 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | BBG00C863MQ1 | 21518780 | 240245 | SH |  | SOLE |  | 0 | 0 | 240245 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 335815 | 7641 | SH |  | SOLE |  | 0 | 0 | 7641 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 3579868 | 10486 | SH |  | SOLE |  | 0 | 0 | 10486 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 2527596 | 24525 | SH |  | SOLE |  | 0 | 0 | 24525 |
| WYNN RESORTS LTD | COM | 983134107 | BBG001SJZ2V8 | 1032436 | 8049 | SH |  | SOLE |  | 0 | 0 | 8049 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 803091 | 5489 | SH |  | SOLE |  | 0 | 0 | 5489 |

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