# EDGAR Filing Document

**Accession Number:** 0001631353
**File Stem:** 0001951757-25-001365
**Filing Date:** 2025-11
**Character Count:** 68571
**Document Hash:** cd2642a4482192a5cae5cc8a401f94ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001365.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001951757-25-001365

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dakota Wealth Management
- **CENTRAL INDEX KEY:** 0001631353

**ORGANIZATION NAME:**
- **EIN:** 204893886
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16362
- **FILM NUMBER:** 251465950

**BUSINESS ADDRESS:**
- **STREET 1:** 11376 N. JOG RD.
- **STREET 2:** SUITE 101
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33418
- **BUSINESS PHONE:** 561-774-8029

**MAIL ADDRESS:**
- **STREET 1:** 11376 N. JOG RD.
- **STREET 2:** SUITE 101
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33418

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Oakmont Partners LLC
- **DATE OF NAME CHANGE:** 20150121

### 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:** Dakota Wealth Management<br>**Address:** 11376 N. JOG RD.<br>SUITE 101<br>PALM BEACH GARDENS, FL 33418

**Form 13F File Number:** 028-16362

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:** Kayla Berg<br>**Title:** Chief Compliance Officer<br>**Phone:** (561) 774-8101

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

Kayla Berg  Palm Beach Gardens, FL  11-10-2025<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:** 4

**Form 13F Information Table Entry Total:** 646

**Form 13F Information Table Value Total:** $4962627704

      (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.]

| No.   | Name                                    | Form 13F File Number   |
|:---|:---|:---|
|  | Karpus Management Inc.                  |  |
|  | First Fiduciary Investment Counsel Inc. |  |
|  | Gilman Hill                             |  |
|  | Polen Capital                           |  |

### 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 |
| AFLAC INC | COM | 001055102 |  | 489037 | 4378 | SH |  | SOLE |  | 0 | 0 | 4378 |
| BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 |  | 523855 | 45277 | SH |  | DFND | 1 | 0 | 0 | 45277 |
| BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 |  | 599898 | 104330 | SH |  | DFND | 1 | 0 | 0 | 104330 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 311354 | 17145 | SH |  | DFND | 1 | 0 | 0 | 17145 |
| DWS MUN INCOME TR NEW | COM | 233368109 |  | 1096375 | 119561 | SH |  | DFND | 1 | 0 | 0 | 119561 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 475170 | 9400 | SH |  | DFND | 1 | 0 | 0 | 9400 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 16306200 | 263258 | SH |  | DFND | 1 | 0 | 0 | 263258 |
| ISHARES TR | CORE S ETF | 464287200 |  | 177994397 | 265941 | SH |  | DFND | 1 | 0 | 0 | 265941 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 41420443 | 413171 | SH |  | DFND | 1 | 0 | 0 | 413171 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1299703 | 13474 | SH |  | DFND | 1 | 0 | 0 | 13474 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 4159529 | 11381 | SH |  | DFND | 1 | 0 | 0 | 11381 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 434788 | 6640 | SH |  | DFND | 1 | 0 | 0 | 6640 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 |  | 409779 | 73834 | SH |  | DFND | 1 | 0 | 0 | 73834 |
| MORGAN STANLEY CHINA A SH FD | COM | 617468103 |  | 330736 | 19864 | SH |  | DFND | 1 | 0 | 0 | 19864 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 |  | 2288483 | 224361 | SH |  | DFND | 1 | 0 | 0 | 224361 |
| NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 |  | 1009430 | 36760 | SH |  | DFND | 1 | 0 | 0 | 36760 |
| VANGUARD WELLINGTON FD | SHORT TRM TAX EX | 921935870 |  | 3562280 | 34950 | SH |  | DFND | 1 | 0 | 0 | 34950 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 1890278 | 26680 | SH |  | DFND | 1 | 0 | 0 | 26680 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2193396 | 29493 | SH |  | DFND | 1 | 0 | 0 | 29493 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 11687942 | 163765 | SH |  | DFND | 1 | 0 | 0 | 163765 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2143416 | 39561 | SH |  | DFND | 1 | 0 | 0 | 39561 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 1142002 | 13001 | SH |  | DFND | 1 | 0 | 0 | 13001 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 704235 | 8825 | SH |  | DFND | 1 | 0 | 0 | 8825 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 439677 | 8781 | SH |  | DFND | 1 | 0 | 0 | 8781 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9428282 | 15396 | SH |  | DFND | 1 | 0 | 0 | 15396 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 22145740 | 46174 | SH |  | DFND | 1 | 0 | 0 | 46174 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 3420666 | 13452 | SH |  | DFND | 1 | 0 | 0 | 13452 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 17650219 | 53784 | SH |  | DFND | 1 | 0 | 0 | 53784 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 |  | 492677 | 52080 | SH |  | DFND | 1 | 0 | 0 | 52080 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 725073 | 66827 | SH |  | DFND | 1 | 0 | 0 | 66827 |
| ANGEL OAK FINL STRATEGIES IN | COM BEN INT | 03464A100 |  | 1020417 | 77835 | SH |  | DFND | 1 | 0 | 0 | 77835 |
| BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 |  | 2186247 | 217537 | SH |  | DFND | 1 | 0 | 0 | 217537 |
| BLACKROCK N Y MUN INCOME TRU | SH BEN INT | 09248L106 |  | 111320 | 11000 | SH |  | DFND | 1 | 0 | 0 | 11000 |
| BLACKROCK MUNI INCOME TR II | COM | 09249N101 |  | 823283 | 78783 | SH |  | DFND | 1 | 0 | 0 | 78783 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 |  | 1737825 | 147900 | SH |  | DFND | 1 | 0 | 0 | 147900 |
| BLACKROCK MUNIVEST FD INC | COM | 09253R105 |  | 1260203 | 183703 | SH |  | DFND | 1 | 0 | 0 | 183703 |
| BLACKROCK MUNIVEST FD II INC | COM | 09253T101 |  | 265750 | 25000 | SH |  | DFND | 1 | 0 | 0 | 25000 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 2517200 | 232000 | SH |  | DFND | 1 | 0 | 0 | 232000 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 |  | 275940 | 27000 | SH |  | DFND | 1 | 0 | 0 | 27000 |
| BLACKROCK MUNIYIELD N Y QUAL | COM | 09255E102 |  | 371462 | 37408 | SH |  | DFND | 1 | 0 | 0 | 37408 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 |  | 2924292 | 130200 | SH |  | DFND | 1 | 0 | 0 | 130200 |
| BLACKROCK SCIENCE  TECHNOLO | SHS | 09258G104 |  | 249401 | 6030 | SH |  | DFND | 1 | 0 | 0 | 6030 |
| CO2 ENERGY TRANSITION CORP | COM | 12664M103 |  | 259588 | 25550 | SH |  | DFND | 1 | 0 | 0 | 25550 |
| CALAMOS GBL DYN INCOME FUND | COM | 12811L107 |  | 474417 | 62920 | SH |  | DFND | 1 | 0 | 0 | 62920 |
| EATON VANCE MUN BD FD | COM | 27827X101 |  | 2507522 | 252266 | SH |  | DFND | 1 | 0 | 0 | 252266 |
| EATON VANCE TAX ADVT DIV INC | COM | 27828G107 |  | 228363 | 9340 | SH |  | DFND | 1 | 0 | 0 | 9340 |
| EATON VANCE TX ADV GLBL DIV | COM | 27828S101 |  | 371233 | 17569 | SH |  | DFND | 1 | 0 | 0 | 17569 |
| EATON VANCE TAX-ADVANTAGED G | COM | 27828U106 |  | 367926 | 13350 | SH |  | DFND | 1 | 0 | 0 | 13350 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829C105 |  | 461822 | 51030 | SH |  | DFND | 1 | 0 | 0 | 51030 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 |  | 492174 | 54085 | SH |  | DFND | 1 | 0 | 0 | 54085 |
| FOUR LEAF ACQUISITION CORP | COM CL A | 35088F107 |  | 144613 | 12575 | SH |  | DFND | 1 | 0 | 0 | 12575 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 1020577 | 37618 | SH |  | DFND | 1 | 0 | 0 | 37618 |
| IB ACQUISITION CORP | COM SHS | 44934N108 |  | 493914 | 46950 | SH |  | DFND | 1 | 0 | 0 | 46950 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 |  | 893948 | 92637 | SH |  | DFND | 1 | 0 | 0 | 92637 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 313510 | 4605 | SH |  | DFND | 1 | 0 | 0 | 4605 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 1053817 | 15470 | SH |  | DFND | 1 | 0 | 0 | 15470 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 425443 | 6415 | SH |  | DFND | 1 | 0 | 0 | 6415 |
| MFS INTER INCOME TR | SH BEN INT | 55273C107 |  | 162408 | 60600 | SH |  | DFND | 1 | 0 | 0 | 60600 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 194731 | 13265 | SH |  | DFND | 1 | 0 | 0 | 13265 |
| NEUBERGER BERMAN NEXT GENERA | COMMON STOCK | 64133Q108 |  | 990934 | 64430 | SH |  | DFND | 1 | 0 | 0 | 64430 |
| PACER FDS TR | GLOBL CASH ETF | 69374H709 |  | 414624 | 10465 | SH |  | DFND | 1 | 0 | 0 | 10465 |
| PIMCO CALIF MUN INCOME FD | COM | 72200N106 |  | 262342 | 30085 | SH |  | DFND | 1 | 0 | 0 | 30085 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 119115327 | 1298260 | SH |  | DFND | 1 | 0 | 0 | 1298260 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 |  | 2565304 | 53200 | SH |  | DFND | 1 | 0 | 0 | 53200 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 12069853 | 86727 | SH |  | DFND | 1 | 0 | 0 | 86727 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 40437350 | 750647 | SH |  | DFND | 1 | 0 | 0 | 750647 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 10328054 | 66965 | SH |  | DFND | 1 | 0 | 0 | 66965 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 35712284 | 126702 | SH |  | DFND | 1 | 0 | 0 | 126702 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 10195502 | 86132 | SH |  | DFND | 1 | 0 | 0 | 86132 |
| TEMPLETON DRAGON FD INC | COM | 88018T101 |  | 210003 | 18026 | SH |  | DFND | 1 | 0 | 0 | 18026 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 5630433 | 7541 | SH |  | DFND | 1 | 0 | 0 | 7541 |
| VIRTUS TOTAL RETURN FD INC | COM | 92835W107 |  | 182787 | 28339 | SH |  | DFND | 1 | 0 | 0 | 28339 |
| VIRTUS DIVIDEND INTEREST  P | COM | 92840R101 |  | 190077 | 14610 | SH |  | DFND | 1 | 0 | 0 | 14610 |
| VOYA GLBL EQTY DIV  PREM OP | COM | 92912T100 |  | 86875 | 14650 | SH |  | DFND | 1 | 0 | 0 | 14650 |
| ALLSPRING GLOBAL DIVIDEND OP | COM | 94987C103 |  | 68172 | 11960 | SH |  | DFND | 1 | 0 | 0 | 11960 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 |  | 854151 | 101443 | SH |  | DFND | 1 | 0 | 0 | 101443 |
| AGRICULTURE  NAT SOL ACQ CO | SHS CL A | G0131Y100 |  | 417853 | 38300 | SH |  | DFND | 1 | 0 | 0 | 38300 |
| AA MISSION ACQUISITION CORP | ORD SHS CL A | G1000R101 |  | 1831795 | 174125 | SH |  | DFND | 1 | 0 | 0 | 174125 |
| BEST SPAC I ACQUISITION CORP | USD CL A ORD SHS | G1069P103 |  | 285136 | 28400 | SH |  | DFND | 1 | 0 | 0 | 28400 |
| CAYSON ACQUISITION CORP | SHS | G1993W109 |  | 298110 | 28500 | SH |  | DFND | 1 | 0 | 0 | 28500 |
| COLUMBUS ACQUISITION CORP | SHS | G2295P107 |  | 105625 | 10325 | SH |  | DFND | 1 | 0 | 0 | 10325 |
| COPLEY ACQUISITION CORP | ORD SHS CL A | G24243100 |  | 274234 | 27125 | SH |  | DFND | 1 | 0 | 0 | 27125 |
| CRANE HBR ACQUISITION CORP | CL A | G24979109 |  | 436527 | 43050 | SH |  | DFND | 1 | 0 | 0 | 43050 |
| DRUGS MADE IN AMER ACQUTN CO | ORD SHS | G2847J104 |  | 373828 | 36400 | SH |  | DFND | 1 | 0 | 0 | 36400 |
| GP-ACT III ACQUISITION CORP | CL A | G4035N103 |  | 513040 | 48400 | SH |  | DFND | 1 | 0 | 0 | 48400 |
| KEEN VISION ACQUISITION CORP | SHS | G52443119 |  | 501841 | 43600 | SH |  | DFND | 1 | 0 | 0 | 43600 |
| LEGATO MERGER CORP III | ORD SHS | G5451A103 |  | 259371 | 24150 | SH |  | DFND | 1 | 0 | 0 | 24150 |
| LIONHEART HOLDINGS | SHS CL A | G5501C109 |  | 393337 | 37425 | SH |  | DFND | 1 | 0 | 0 | 37425 |
| LAUNCH ONE ACQUISITION CORP | SHS CLASS A | G5S86M100 |  | 256200 | 24400 | SH |  | DFND | 1 | 0 | 0 | 24400 |
| MAYWOOD ACQUISITION CORP | ORD SHS CL A | G6001J107 |  | 224256 | 21900 | SH |  | DFND | 1 | 0 | 0 | 21900 |
| MELAR ACQUISITION CORP. I | SHS CL A | G6004G100 |  | 409500 | 39000 | SH |  | DFND | 1 | 0 | 0 | 39000 |
| ORIGIN INVT CORP I | ORD SHS | G67751100 |  | 745208 | 74150 | SH |  | DFND | 1 | 0 | 0 | 74150 |
| OYSTER ENTERPRISES II ACQUIS | ORD SHS CL A | G6861F104 |  | 257514 | 25700 | SH |  | DFND | 1 | 0 | 0 | 25700 |
| PELICAN ACQUISITION CORP | SHS | G6993G103 |  | 352100 | 35000 | SH |  | DFND | 1 | 0 | 0 | 35000 |
| PIONEER ACQUISITION I CORP | CL A ORD SHS | G7117W107 |  | 1083460 | 109000 | SH |  | DFND | 1 | 0 | 0 | 109000 |
| QUARTZSEA ACQUISITION CORP | ORD SHS | G7314B104 |  | 704035 | 69500 | SH |  | DFND | 1 | 0 | 0 | 69500 |
| RANGE CAP ACQUISITION CORP | ORD SHS | G7375C108 |  | 619116 | 60050 | SH |  | DFND | 1 | 0 | 0 | 60050 |
| RIBBON ACQUISITION CORP | ORD SHS CL A | G7552W109 |  | 300370 | 29333 | SH |  | DFND | 1 | 0 | 0 | 29333 |
| STELLAR V CAP CORP | SHS CL A | G8475V103 |  | 193640 | 18800 | SH |  | DFND | 1 | 0 | 0 | 18800 |
| TAVIA ACQUISITION CORP | SHS | G86880104 |  | 225630 | 21800 | SH |  | DFND | 1 | 0 | 0 | 21800 |
| TITAN ACQUISITION CORP | CL A | G8901A103 |  | 303600 | 30000 | SH |  | DFND | 1 | 0 | 0 | 30000 |
| AMGEN INC | COM | 031162100 |  | 9147197 | 32414 | SH |  | DFND | 2 | 0 | 0 | 32414 |
| COCA COLA CO | COM | 191216100 |  | 5304093 | 79977 | SH |  | DFND | 2 | 0 | 0 | 79977 |
| DANAHER CORPORATION | COM | 235851102 |  | 570990 | 2880 | SH |  | DFND | 2 | 0 | 0 | 2880 |
| HOME DEPOT INC | COM | 437076102 |  | 21599901 | 53308 | SH |  | DFND | 2 | 0 | 0 | 53308 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5771994 | 27420 | SH |  | DFND | 2 | 0 | 0 | 27420 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 19300308 | 104090 | SH |  | DFND | 2 | 0 | 0 | 104090 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3382529 | 6776 | SH |  | DFND | 2 | 0 | 0 | 6776 |
| LOWES COS INC | COM | 548661107 |  | 2081004 | 8281 | SH |  | DFND | 2 | 0 | 0 | 8281 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 560140 | 2779 | SH |  | DFND | 2 | 0 | 0 | 2779 |
| MCDONALDS CORP | COM | 580135101 |  | 9756914 | 32107 | SH |  | DFND | 2 | 0 | 0 | 32107 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2081745 | 33193 | SH |  | DFND | 2 | 0 | 0 | 33193 |
| NASDAQ INC | COM | 631103108 |  | 297635 | 3365 | SH |  | DFND | 2 | 0 | 0 | 3365 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 4503004 | 27762 | SH |  | DFND | 2 | 0 | 0 | 27762 |
| PHILLIPS 66 | COM | 718546104 |  | 5537008 | 40707 | SH |  | DFND | 2 | 0 | 0 | 40707 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 13015932 | 84712 | SH |  | DFND | 2 | 0 | 0 | 84712 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 449790 | 13085 | SH |  | DFND | 2 | 0 | 0 | 13085 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1691971 | 9209 | SH |  | DFND | 2 | 0 | 0 | 9209 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 55947677 | 230143 | SH |  | DFND | 2 | 0 | 0 | 230143 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 863536 | 4490 | SH |  | DFND | 2 | 0 | 0 | 4490 |
| BLACKSTONE INC | COM | 09260D107 |  | 9746453 | 57047 | SH |  | DFND | 2 | 0 | 0 | 57047 |
| BLACKROCK INC | COM | 09290D101 |  | 4054028 | 3477 | SH |  | DFND | 2 | 0 | 0 | 3477 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 9591347 | 45119 | SH |  | DFND | 2 | 0 | 0 | 45119 |
| EQUINIX INC | COM | 29444U700 |  | 4838075 | 6177 | SH |  | DFND | 2 | 0 | 0 | 6177 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 16085530 | 20199 | SH |  | DFND | 2 | 0 | 0 | 20199 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 75365586 | 238930 | SH |  | DFND | 2 | 0 | 0 | 238930 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 574003 | 4476 | SH |  | DFND | 2 | 0 | 0 | 4476 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 270803 | 3388 | SH |  | DFND | 2 | 0 | 0 | 3388 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 14534187 | 65816 | SH |  | DFND | 2 | 0 | 0 | 65816 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 8088713 | 23415 | SH |  | DFND | 2 | 0 | 0 | 23415 |
| ALCON AG | ORD SHS | H01301128 |  | 219758 | 2950 | SH |  | DFND | 2 | 0 | 0 | 2950 |
| ALBANY INTL CORP | CL A | 012348108 |  | 739698 | 13878 | SH |  | DFND | 3 | 0 | 0 | 13878 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 4948481 | 14898 | SH |  | DFND | 3 | 0 | 0 | 14898 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2264862 | 50219 | SH |  | DFND | 3 | 0 | 0 | 50219 |
| CARMAX INC | COM | 143130102 |  | 566529 | 12626 | SH |  | DFND | 3 | 0 | 0 | 12626 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 669576 | 26013 | SH |  | DFND | 3 | 0 | 0 | 26013 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 767098 | 41895 | SH |  | DFND | 3 | 0 | 0 | 41895 |
| DOCUSIGN INC | COM | 256163106 |  | 1717185 | 23820 | SH |  | DFND | 3 | 0 | 0 | 23820 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 |  | 503914 | 17105 | SH |  | DFND | 3 | 0 | 0 | 17105 |
| FISERV INC | COM | 337738108 |  | 1835319 | 14235 | SH |  | DFND | 3 | 0 | 0 | 14235 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 732196 | 38720 | SH |  | DFND | 3 | 0 | 0 | 38720 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 3386454 | 27233 | SH |  | DFND | 3 | 0 | 0 | 27233 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 962226 | 7860 | SH |  | DFND | 3 | 0 | 0 | 7860 |
| MATERION CORP | COM | 576690101 |  | 1395960 | 11555 | SH |  | DFND | 3 | 0 | 0 | 11555 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 826421 | 14000 | SH |  | DFND | 3 | 0 | 0 | 14000 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 658864 | 19603 | SH |  | DFND | 3 | 0 | 0 | 19603 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1979681 | 3249 | SH |  | DFND | 3 | 0 | 0 | 3249 |
| REALTY INCOME CORP | COM | 756109104 |  | 3923195 | 64537 | SH |  | DFND | 3 | 0 | 0 | 64537 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3499278 | 36653 | SH |  | DFND | 3 | 0 | 0 | 36653 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 939904 | 12645 | SH |  | DFND | 3 | 0 | 0 | 12645 |
| SYSCO CORP | COM | 871829107 |  | 1508799 | 18324 | SH |  | DFND | 3 | 0 | 0 | 18324 |
| TERADYNE INC | COM | 880770102 |  | 827493 | 6012 | SH |  | DFND | 3 | 0 | 0 | 6012 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1725405 | 3557 | SH |  | DFND | 3 | 0 | 0 | 3557 |
| TRIPADVISOR INC | COM | 896945201 |  | 1456409 | 89570 | SH |  | DFND | 3 | 0 | 0 | 89570 |
| UNITED RENTALS INC | COM | 911363109 |  | 2168835 | 2272 | SH |  | DFND | 3 | 0 | 0 | 2272 |
| VICI PPTYS INC | COM | 925652109 |  | 785641 | 24092 | SH |  | DFND | 3 | 0 | 0 | 24092 |
| WESTERN UN CO | COM | 959802109 |  | 513934 | 64322 | SH |  | DFND | 3 | 0 | 0 | 64322 |
| WHIRLPOOL CORP | COM | 963320106 |  | 612373 | 7791 | SH |  | DFND | 3 | 0 | 0 | 7791 |
| WILLIAMS COS INC | COM | 969457100 |  | 1203778 | 19002 | SH |  | DFND | 3 | 0 | 0 | 19002 |
| XPO INC | COM | 983793100 |  | 1535212 | 11876 | SH |  | DFND | 3 | 0 | 0 | 11876 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 884505 | 20695 | SH |  | DFND | 3 | 0 | 0 | 20695 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 1133918 | 18994 | SH |  | DFND | 3 | 0 | 0 | 18994 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 709741 | 26355 | SH |  | DFND | 3 | 0 | 0 | 26355 |
| CROWN CASTLE INC | COM | 22822V101 |  | 298939 | 3098 | SH |  | DFND | 3 | 0 | 0 | 3098 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 932064 | 26585 | SH |  | DFND | 3 | 0 | 0 | 26585 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 2875419 | 47007 | SH |  | DFND | 3 | 0 | 0 | 47007 |
| ENBRIDGE INC | COM | 29250N105 |  | 1710861 | 33905 | SH |  | DFND | 3 | 0 | 0 | 33905 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2951256 | 75249 | SH |  | DFND | 3 | 0 | 0 | 75249 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 1811748 | 34255 | SH |  | DFND | 3 | 0 | 0 | 34255 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 6819893 | 240900 | SH |  | DFND | 3 | 0 | 0 | 240900 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 815038 | 44684 | SH |  | DFND | 3 | 0 | 0 | 44684 |
| POSTAL REALTY TRUST INC | CL A | 73757R102 |  | 789679 | 50330 | SH |  | DFND | 3 | 0 | 0 | 50330 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 791677 | 1408 | SH |  | DFND | 3 | 0 | 0 | 1408 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 807655 | 9015 | SH |  | DFND | 3 | 0 | 0 | 9015 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 873490 | 46861 | SH |  | DFND | 3 | 0 | 0 | 46861 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 906172 | 39640 | SH |  | DFND | 3 | 0 | 0 | 39640 |
| VENTAS INC | COM | 92276F100 |  | 2235272 | 31937 | SH |  | DFND | 3 | 0 | 0 | 31937 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 7146811 | 162612 | SH |  | DFND | 3 | 0 | 0 | 162612 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 1033167 | 10489 | SH |  | DFND | 3 | 0 | 0 | 10489 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 731281 | 2088 | SH |  | DFND | 3 | 0 | 0 | 2088 |
| APTIV PLC | COM SHS | G3265R107 |  | 2003926 | 23242 | SH |  | DFND | 3 | 0 | 0 | 23242 |
| FLEX LNG LTD | SHS | G35947202 |  | 841302 | 33385 | SH |  | DFND | 3 | 0 | 0 | 33385 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 14925702 | 156715 | SH |  | DFND | 3 | 0 | 0 | 156715 |
| ARDAGH METAL PACKAGING S A | SHS | L02235106 |  | 644482 | 161524 | SH |  | DFND | 3 | 0 | 0 | 161524 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 657510 | 13408 | SH |  | DFND | 3 | 0 | 0 | 13408 |
| ABBOTT LABS | COM | 002824100 |  | 27162659 | 202797 | SH |  | DFND | 4 | 0 | 0 | 202797 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 11969634 | 122602 | SH |  | DFND | 4 | 0 | 0 | 122602 |
| INTUIT | COM | 461202103 |  | 1242215 | 1819 | SH |  | DFND | 4 | 0 | 0 | 1819 |
| ELI LILLY  CO | COM | 532457108 |  | 25327932 | 33195 | SH |  | DFND | 4 | 0 | 0 | 33195 |
| STARBUCKS CORP | COM | 855244109 |  | 4217700 | 49855 | SH |  | DFND | 4 | 0 | 0 | 49855 |
| SYNOPSYS INC | COM | 871607107 |  | 620686 | 1258 | SH |  | DFND | 4 | 0 | 0 | 1258 |
| ADOBE INC | COM | 00724F101 |  | 701973 | 1990 | SH |  | DFND | 4 | 0 | 0 | 1990 |
| BROADCOM INC | COM | 11135F101 |  | 37902864 | 114888 | SH |  | DFND | 4 | 0 | 0 | 114888 |
| IDEXX LABS INC | COM | 45168D104 |  | 2710811 | 4243 | SH |  | DFND | 4 | 0 | 0 | 4243 |
| MSCI INC | COM | 55354G100 |  | 1329343 | 2343 | SH |  | DFND | 4 | 0 | 0 | 2343 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 6863895 | 12067 | SH |  | DFND | 4 | 0 | 0 | 12067 |
| NETFLIX INC | COM | 64110L106 |  | 40481100 | 33765 | SH |  | DFND | 4 | 0 | 0 | 33765 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 69289249 | 371362 | SH |  | DFND | 4 | 0 | 0 | 371362 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 6365562 | 30583 | SH |  | DFND | 4 | 0 | 0 | 30583 |
| SERVICENOW INC | COM | 81762P102 |  | 8835609 | 9601 | SH |  | DFND | 4 | 0 | 0 | 9601 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 935650 | 6296 | SH |  | DFND | 4 | 0 | 0 | 6296 |
| VISA INC | COM CL A | 92826C839 |  | 46955225 | 137545 | SH |  | DFND | 4 | 0 | 0 | 137545 |
| ZOETIS INC | CL A | 98978V103 |  | 8129219 | 55558 | SH |  | DFND | 4 | 0 | 0 | 55558 |
| AON PLC | SHS CL A | G0403H108 |  | 665254 | 1866 | SH |  | DFND | 4 | 0 | 0 | 1866 |
| AGCO CORP | COM | 001084102 |  | 429956 | 4016 | SH |  | SOLE |  | 0 | 0 | 4016 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7276991 | 44978 | SH |  | SOLE |  | 0 | 0 | 44978 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1010042 | 5992 | SH |  | SOLE |  | 0 | 0 | 5992 |
| ALLETE INC | COM NEW | 018522300 |  | 243622 | 3669 | SH |  | SOLE |  | 0 | 0 | 3669 |
| ALLSTATE CORP | COM | 020002101 |  | 2174286 | 10094 | SH |  | SOLE |  | 0 | 0 | 10094 |
| AMERICAN CENTY ETF TR | US QUALITY GROW | 025072307 |  | 6484206 | 56680 | SH |  | SOLE |  | 0 | 0 | 56680 |
| AMERICAN CENTY ETF TR | MULTISECTOR | 025072398 |  | 294407 | 6627 | SH |  | SOLE |  | 0 | 0 | 6627 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 7584963 | 76208 | SH |  | SOLE |  | 0 | 0 | 76208 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 5921829 | 52638 | SH |  | SOLE |  | 0 | 0 | 52638 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 2901594 | 23445 | SH |  | SOLE |  | 0 | 0 | 23445 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 1309465 | 15086 | SH |  | SOLE |  | 0 | 0 | 15086 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2208106 | 8987 | SH |  | SOLE |  | 0 | 0 | 8987 |
| APPLE INC | COM | 037833100 |  | 147673287 | 579952 | SH |  | SOLE |  | 0 | 0 | 579952 |
| APPLIED MATLS INC | COM | 038222105 |  | 3452847 | 16865 | SH |  | SOLE |  | 0 | 0 | 16865 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 3835727 | 64207 | SH |  | SOLE |  | 0 | 0 | 64207 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 14175106 | 97283 | SH |  | SOLE |  | 0 | 0 | 97283 |
| ARK 21SHARES BITCOIN ETF | SHS BEN INT | 040919102 |  | 7147799 | 188001 | SH |  | SOLE |  | 0 | 0 | 188001 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 372371 | 4854 | SH |  | SOLE |  | 0 | 0 | 4854 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 781884 | 2664 | SH |  | SOLE |  | 0 | 0 | 2664 |
| AUTOZONE INC | COM | 053332102 |  | 772244 | 180 | SH |  | SOLE |  | 0 | 0 | 180 |
| BALL CORP | COM | 058498106 |  | 418184 | 8294 | SH |  | SOLE |  | 0 | 0 | 8294 |
| BANK AMERICA CORP | COM | 060505104 |  | 9910920 | 192109 | SH |  | SOLE |  | 0 | 0 | 192109 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 21403635 | 196436 | SH |  | SOLE |  | 0 | 0 | 196436 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 638785 | 14413 | SH |  | SOLE |  | 0 | 0 | 14413 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 4315205 | 23055 | SH |  | SOLE |  | 0 | 0 | 23055 |
| BERKLEY W R CORP | COM | 084423102 |  | 6847914 | 89375 | SH |  | SOLE |  | 0 | 0 | 89375 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 32196978 | 64043 | SH |  | SOLE |  | 0 | 0 | 64043 |
| BOEING CO | COM | 097023105 |  | 2225023 | 10309 | SH |  | SOLE |  | 0 | 0 | 10309 |
| BXP INC | COM | 101121101 |  | 832980 | 11205 | SH |  | SOLE |  | 0 | 0 | 11205 |
| CSX CORP | COM | 126408103 |  | 265903 | 7488 | SH |  | SOLE |  | 0 | 0 | 7488 |
| CVS HEALTH CORP | COM | 126650100 |  | 1072314 | 14224 | SH |  | SOLE |  | 0 | 0 | 14224 |
| CACI INTL INC | CL A | 127190304 |  | 979604 | 1964 | SH |  | SOLE |  | 0 | 0 | 1964 |
| ATLASCLEAR HOLDINGS INC | COM SHS | 128745205 |  | 25500 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 2681042 | 83887 | SH |  | SOLE |  | 0 | 0 | 83887 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 14611884 | 25847 | SH |  | SOLE |  | 0 | 0 | 25847 |
| CATERPILLAR INC | COM | 149123101 |  | 30559583 | 64046 | SH |  | SOLE |  | 0 | 0 | 64046 |
| CHEVRON CORP NEW | COM | 166764100 |  | 11249709 | 72443 | SH |  | SOLE |  | 0 | 0 | 72443 |
| CINTAS CORP | COM | 172908105 |  | 2440511 | 11890 | SH |  | SOLE |  | 0 | 0 | 11890 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1725809 | 17003 | SH |  | SOLE |  | 0 | 0 | 17003 |
| CLOROX CO DEL | COM | 189054109 |  | 1320790 | 10712 | SH |  | SOLE |  | 0 | 0 | 10712 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 488210 | 6107 | SH |  | SOLE |  | 0 | 0 | 6107 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 2309771 | 22978 | SH |  | SOLE |  | 0 | 0 | 22978 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 2509922 | 30200 | SH |  | SOLE |  | 0 | 0 | 30200 |
| CORNING INC | COM | 219350105 |  | 2886095 | 35183 | SH |  | SOLE |  | 0 | 0 | 35183 |
| CUMMINS INC | COM | 231021106 |  | 7863436 | 18617 | SH |  | SOLE |  | 0 | 0 | 18617 |
| DEERE  CO | COM | 244199105 |  | 11498592 | 25110 | SH |  | SOLE |  | 0 | 0 | 25110 |
| EBAY INC. | COM | 278642103 |  | 618059 | 6796 | SH |  | SOLE |  | 0 | 0 | 6796 |
| ECOLAB INC | COM | 278865100 |  | 685752 | 2504 | SH |  | SOLE |  | 0 | 0 | 2504 |
| EMERSON ELEC CO | COM | 291011104 |  | 372945 | 2843 | SH |  | SOLE |  | 0 | 0 | 2843 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 |  | 234704 | 4048 | SH |  | SOLE |  | 0 | 0 | 4048 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 1772326 | 8395 | SH |  | SOLE |  | 0 | 0 | 8395 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 308985 | 4713 | SH |  | SOLE |  | 0 | 0 | 4713 |
| FS KKR CAP CORP | COM | 302635206 |  | 446004 | 29873 | SH |  | SOLE |  | 0 | 0 | 29873 |
| F5 INC | COM | 315616102 |  | 1718402 | 5317 | SH |  | SOLE |  | 0 | 0 | 5317 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 229020 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 9505161 | 30688 | SH |  | SOLE |  | 0 | 0 | 30688 |
| GENERAC HLDGS INC | COM | 368736104 |  | 363091 | 2169 | SH |  | SOLE |  | 0 | 0 | 2169 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 547467 | 1605 | SH |  | SOLE |  | 0 | 0 | 1605 |
| GE AEROSPACE | COM NEW | 369604301 |  | 18960014 | 63026 | SH |  | SOLE |  | 0 | 0 | 63026 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4768279 | 42957 | SH |  | SOLE |  | 0 | 0 | 42957 |
| GRAIL INC | COM | 384747101 |  | 480846 | 8132 | SH |  | SOLE |  | 0 | 0 | 8132 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 1071046 | 11931 | SH |  | SOLE |  | 0 | 0 | 11931 |
| GREENBRIER COS INC | COM | 393657101 |  | 230850 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| HEICO CORP NEW | COM | 422806109 |  | 1633490 | 5060 | SH |  | SOLE |  | 0 | 0 | 5060 |
| HERSHEY CO | COM | 427866108 |  | 5334679 | 28520 | SH |  | SOLE |  | 0 | 0 | 28520 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 17156071 | 87428 | SH |  | SOLE |  | 0 | 0 | 87428 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 789724 | 3029 | SH |  | SOLE |  | 0 | 0 | 3029 |
| INTEL CORP | COM | 458140100 |  | 2082294 | 62065 | SH |  | SOLE |  | 0 | 0 | 62065 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10453807 | 37049 | SH |  | SOLE |  | 0 | 0 | 37049 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 24969716 | 343132 | SH |  | SOLE |  | 0 | 0 | 343132 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 1235175 | 19351 | SH |  | SOLE |  | 0 | 0 | 19351 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 227274 | 5462 | SH |  | SOLE |  | 0 | 0 | 5462 |
| ISHARES TR | S 100 ETF | 464287101 |  | 4550665 | 13672 | SH |  | SOLE |  | 0 | 0 | 13672 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 6181428 | 42440 | SH |  | SOLE |  | 0 | 0 | 42440 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1170052 | 8234 | SH |  | SOLE |  | 0 | 0 | 8234 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 28721249 | 258238 | SH |  | SOLE |  | 0 | 0 | 258238 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 1889466 | 18307 | SH |  | SOLE |  | 0 | 0 | 18307 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 652055 | 5401 | SH |  | SOLE |  | 0 | 0 | 5401 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 2241672 | 53693 | SH |  | SOLE |  | 0 | 0 | 53693 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 201967 | 978 | SH |  | SOLE |  | 0 | 0 | 978 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 12980653 | 145246 | SH |  | SOLE |  | 0 | 0 | 145246 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 27634285 | 333104 | SH |  | SOLE |  | 0 | 0 | 333104 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 433611 | 4644 | SH |  | SOLE |  | 0 | 0 | 4644 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 36237503 | 375324 | SH |  | SOLE |  | 0 | 0 | 375324 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 3945812 | 60463 | SH |  | SOLE |  | 0 | 0 | 60463 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 313403 | 2725 | SH |  | SOLE |  | 0 | 0 | 2725 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 362217 | 1336 | SH |  | SOLE |  | 0 | 0 | 1336 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 377850 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 458087 | 3173 | SH |  | SOLE |  | 0 | 0 | 3173 |
| ISHARES TR | SELECT US REIT | 464287564 |  | 998799 | 16209 | SH |  | SOLE |  | 0 | 0 | 16209 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 377700 | 3604 | SH |  | SOLE |  | 0 | 0 | 3604 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 978701 | 4807 | SH |  | SOLE |  | 0 | 0 | 4807 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 248835 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 16083141 | 34336 | SH |  | SOLE |  | 0 | 0 | 34336 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 215355 | 1218 | SH |  | SOLE |  | 0 | 0 | 1218 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 1916720 | 5989 | SH |  | SOLE |  | 0 | 0 | 5989 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 40042442 | 165492 | SH |  | SOLE |  | 0 | 0 | 165492 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 707860 | 1868 | SH |  | SOLE |  | 0 | 0 | 1868 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 7609847 | 58664 | SH |  | SOLE |  | 0 | 0 | 58664 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1065283 | 5439 | SH |  | SOLE |  | 0 | 0 | 5439 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 324199 | 2560 | SH |  | SOLE |  | 0 | 0 | 2560 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5655120 | 47590 | SH |  | SOLE |  | 0 | 0 | 47590 |
| ISHARES TR | U.S. BAS MTL ETF | 464287838 |  | 518735 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 399719 | 3614 | SH |  | SOLE |  | 0 | 0 | 3614 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 12411708 | 116236 | SH |  | SOLE |  | 0 | 0 | 116236 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 227974 | 14727 | SH |  | SOLE |  | 0 | 0 | 14727 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 12953115 | 121637 | SH |  | SOLE |  | 0 | 0 | 121637 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 1315510 | 16203 | SH |  | SOLE |  | 0 | 0 | 16203 |
| ISHARES TR | MBS ETF | 464288588 |  | 34601231 | 363649 | SH |  | SOLE |  | 0 | 0 | 363649 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 53182274 | 983218 | SH |  | SOLE |  | 0 | 0 | 983218 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 39483382 | 744548 | SH |  | SOLE |  | 0 | 0 | 744548 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 205080 | 1716 | SH |  | SOLE |  | 0 | 0 | 1716 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 32316980 | 1022042 | SH |  | SOLE |  | 0 | 0 | 1022042 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 970965 | 18484 | SH |  | SOLE |  | 0 | 0 | 18484 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 340073 | 2507 | SH |  | SOLE |  | 0 | 0 | 2507 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 1661813 | 27660 | SH |  | SOLE |  | 0 | 0 | 27660 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 |  | 208179 | 4215 | SH |  | SOLE |  | 0 | 0 | 4215 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 3454084 | 53651 | SH |  | SOLE |  | 0 | 0 | 53651 |
| JABIL INC | COM | 466313103 |  | 1374576 | 6329 | SH |  | SOLE |  | 0 | 0 | 6329 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 492921 | 100187 | SH |  | SOLE |  | 0 | 0 | 100187 |
| KLA CORP | COM NEW | 482480100 |  | 941717032 | 873092 | SH |  | SOLE |  | 0 | 0 | 873092 |
| KEYCORP | COM | 493267108 |  | 508219 | 27192 | SH |  | SOLE |  | 0 | 0 | 27192 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 1604124 | 20868 | SH |  | SOLE |  | 0 | 0 | 20868 |
| KRAFT HEINZ CO | COM | 500754106 |  | 249843 | 9595 | SH |  | SOLE |  | 0 | 0 | 9595 |
| KROGER CO | COM | 501044101 |  | 1041283 | 15447 | SH |  | SOLE |  | 0 | 0 | 15447 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 7604404 | 24899 | SH |  | SOLE |  | 0 | 0 | 24899 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 2957580 | 10303 | SH |  | SOLE |  | 0 | 0 | 10303 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1304053 | 9739 | SH |  | SOLE |  | 0 | 0 | 9739 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 5985822 | 67928 | SH |  | SOLE |  | 0 | 0 | 67928 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1224588 | 6481 | SH |  | SOLE |  | 0 | 0 | 6481 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 307606 | 2945 | SH |  | SOLE |  | 0 | 0 | 2945 |
| MDU RES GROUP INC | COM | 552690109 |  | 1132302 | 63109 | SH |  | SOLE |  | 0 | 0 | 63109 |
| MARKEL GROUP INC | COM | 570535104 |  | 489309 | 256 | SH |  | SOLE |  | 0 | 0 | 256 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 470576 | 5597 | SH |  | SOLE |  | 0 | 0 | 5597 |
| MASCO CORP | COM | 574599106 |  | 326469 | 4638 | SH |  | SOLE |  | 0 | 0 | 4638 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 2885260 | 43121 | SH |  | SOLE |  | 0 | 0 | 43121 |
| MCGRATH RENTCORP | COM | 580589109 |  | 656880 | 5600 | SH |  | SOLE |  | 0 | 0 | 5600 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2577840 | 15407 | SH |  | SOLE |  | 0 | 0 | 15407 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 3681542 | 3998 | SH |  | SOLE |  | 0 | 0 | 3998 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 8081138 | 50838 | SH |  | SOLE |  | 0 | 0 | 50838 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1051796 | 2300 | SH |  | SOLE |  | 0 | 0 | 2300 |
| NEWMARKET CORP | COM | 651587107 |  | 585327 | 707 | SH |  | SOLE |  | 0 | 0 | 707 |
| NEWMONT CORP | COM | 651639106 |  | 19860092 | 235560 | SH |  | SOLE |  | 0 | 0 | 235560 |
| NIKE INC | CL B | 654106103 |  | 2518244 | 36114 | SH |  | SOLE |  | 0 | 0 | 36114 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 1886876 | 6281 | SH |  | SOLE |  | 0 | 0 | 6281 |
| GEN DIGITAL INC | COM | 668771108 |  | 4629117 | 163054 | SH |  | SOLE |  | 0 | 0 | 163054 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 470417 | 41261 | SH |  | SOLE |  | 0 | 0 | 41261 |
| NUVEEN MUN VALUE FD INC | COM | 670928100 |  | 93680 | 10399 | SH |  | SOLE |  | 0 | 0 | 10399 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 232147 | 1649 | SH |  | SOLE |  | 0 | 0 | 1649 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 370863 | 1846 | SH |  | SOLE |  | 0 | 0 | 1846 |
| PACCAR INC | COM | 693718108 |  | 661006 | 6723 | SH |  | SOLE |  | 0 | 0 | 6723 |
| PACKAGING CORP AMER | COM | 695156109 |  | 216187 | 992 | SH |  | SOLE |  | 0 | 0 | 992 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 10646679 | 52287 | SH |  | SOLE |  | 0 | 0 | 52287 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 720695 | 951 | SH |  | SOLE |  | 0 | 0 | 951 |
| PEPSICO INC | COM | 713448108 |  | 7317139 | 52102 | SH |  | SOLE |  | 0 | 0 | 52102 |
| PROGRESSIVE CORP | COM | 743315103 |  | 13073781 | 52941 | SH |  | SOLE |  | 0 | 0 | 52941 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1365738 | 13165 | SH |  | SOLE |  | 0 | 0 | 13165 |
| QUALCOMM INC | COM | 747525103 |  | 12099197 | 72729 | SH |  | SOLE |  | 0 | 0 | 72729 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 3840119 | 16734 | SH |  | SOLE |  | 0 | 0 | 16734 |
| RESMED INC | COM | 761152107 |  | 7198394 | 26297 | SH |  | SOLE |  | 0 | 0 | 26297 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 5967600 | 41679 | SH |  | SOLE |  | 0 | 0 | 41679 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 482002 | 1379 | SH |  | SOLE |  | 0 | 0 | 1379 |
| ROLLINS INC | COM | 775711104 |  | 9802647 | 166882 | SH |  | SOLE |  | 0 | 0 | 166882 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 2950761 | 5917 | SH |  | SOLE |  | 0 | 0 | 5917 |
| HENRY SCHEIN INC | COM | 806407102 |  | 678567 | 10224 | SH |  | SOLE |  | 0 | 0 | 10224 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 479055 | 18633 | SH |  | SOLE |  | 0 | 0 | 18633 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 3484845 | 132302 | SH |  | SOLE |  | 0 | 0 | 132302 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 5514756 | 172822 | SH |  | SOLE |  | 0 | 0 | 172822 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 4596846 | 157913 | SH |  | SOLE |  | 0 | 0 | 157913 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1485788 | 50128 | SH |  | SOLE |  | 0 | 0 | 50128 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1824364 | 65389 | SH |  | SOLE |  | 0 | 0 | 65389 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 3111987 | 93257 | SH |  | SOLE |  | 0 | 0 | 93257 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 12648031 | 463298 | SH |  | SOLE |  | 0 | 0 | 463298 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 908501 | 39025 | SH |  | SOLE |  | 0 | 0 | 39025 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 2288587 | 93795 | SH |  | SOLE |  | 0 | 0 | 93795 |
| SEMPRA | COM | 816851109 |  | 8655485 | 96193 | SH |  | SOLE |  | 0 | 0 | 96193 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 460963 | 1331 | SH |  | SOLE |  | 0 | 0 | 1331 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 2210403 | 9800 | SH |  | SOLE |  | 0 | 0 | 9800 |
| SOUTHERN CO | COM | 842587107 |  | 10657694 | 112459 | SH |  | SOLE |  | 0 | 0 | 112459 |
| STRYKER CORPORATION | COM | 863667101 |  | 4866441 | 13155 | SH |  | SOLE |  | 0 | 0 | 13155 |
| TJX COS INC NEW | COM | 872540109 |  | 19297581 | 133510 | SH |  | SOLE |  | 0 | 0 | 133510 |
| T-MOBILE US INC | COM | 872590104 |  | 14666320 | 61268 | SH |  | SOLE |  | 0 | 0 | 61268 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 805353 | 2884 | SH |  | SOLE |  | 0 | 0 | 2884 |
| TASEKO MINES LTD | COM | 876511106 |  | 1366422 | 323031 | SH |  | SOLE |  | 0 | 0 | 323031 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 318930 | 1669 | SH |  | SOLE |  | 0 | 0 | 1669 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1707211 | 35233 | SH |  | SOLE |  | 0 | 0 | 35233 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 2552398 | 43057 | SH |  | SOLE |  | 0 | 0 | 43057 |
| UNION PAC CORP | COM | 907818108 |  | 3218446 | 13616 | SH |  | SOLE |  | 0 | 0 | 13616 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 671657 | 9403 | SH |  | SOLE |  | 0 | 0 | 9403 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 14355639 | 66526 | SH |  | SOLE |  | 0 | 0 | 66526 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 42877108 | 583680 | SH |  | SOLE |  | 0 | 0 | 583680 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 670845 | 5664 | SH |  | SOLE |  | 0 | 0 | 5664 |
| VANGUARD ADMIRAL FDS INC | SMLCP 600 GRTH | 921932794 |  | 219168 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 267459 | 3425 | SH |  | SOLE |  | 0 | 0 | 3425 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1880684 | 31387 | SH |  | SOLE |  | 0 | 0 | 31387 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1877342 | 13319 | SH |  | SOLE |  | 0 | 0 | 13319 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 388044 | 7664 | SH |  | SOLE |  | 0 | 0 | 7664 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 225800 | 1584 | SH |  | SOLE |  | 0 | 0 | 1584 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 1381552 | 4637 | SH |  | SOLE |  | 0 | 0 | 4637 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 4087264 | 23412 | SH |  | SOLE |  | 0 | 0 | 23412 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 25401167 | 86458 | SH |  | SOLE |  | 0 | 0 | 86458 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2200438 | 24070 | SH |  | SOLE |  | 0 | 0 | 24070 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 257665 | 1235 | SH |  | SOLE |  | 0 | 0 | 1235 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2838993 | 9665 | SH |  | SOLE |  | 0 | 0 | 9665 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1723093 | 5597 | SH |  | SOLE |  | 0 | 0 | 5597 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 3980601 | 19015 | SH |  | SOLE |  | 0 | 0 | 19015 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 16815938 | 90171 | SH |  | SOLE |  | 0 | 0 | 90171 |
| WALMART INC | COM | 931142103 |  | 9295640 | 90196 | SH |  | SOLE |  | 0 | 0 | 90196 |
| WATSCO INC | COM | 942622200 |  | 240963 | 596 | SH |  | SOLE |  | 0 | 0 | 596 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 688124 | 8210 | SH |  | SOLE |  | 0 | 0 | 8210 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 401961 | 3348 | SH |  | SOLE |  | 0 | 0 | 3348 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 1711264 | 15301 | SH |  | SOLE |  | 0 | 0 | 15301 |
| YUM BRANDS INC | COM | 988498101 |  | 1609528 | 10589 | SH |  | SOLE |  | 0 | 0 | 10589 |
| AT INC | COM | 00206R102 |  | 3882727 | 137490 | SH |  | SOLE |  | 0 | 0 | 137490 |
| ABBVIE INC | COM | 00287Y109 |  | 9788541 | 42276 | SH |  | SOLE |  | 0 | 0 | 42276 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 349626 | 2724 | SH |  | SOLE |  | 0 | 0 | 2724 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1021621 | 5716 | SH |  | SOLE |  | 0 | 0 | 5716 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 254064 | 10048 | SH |  | SOLE |  | 0 | 0 | 10048 |
| EA SERIES TRUST | DAKOTA ACTIVE EQ | 02072Q556 |  | 35941959 | 1375858 | SH |  | SOLE |  | 0 | 0 | 1375858 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 721574 | 10923 | SH |  | SOLE |  | 0 | 0 | 10923 |
| CENCORA INC | COM | 03073E105 |  | 11250031 | 35997 | SH |  | SOLE |  | 0 | 0 | 35997 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 312927 | 637 | SH |  | SOLE |  | 0 | 0 | 637 |
| ANIXA BIOSCIENCES INC | COM | 03528H109 |  | 49500 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 609803 | 4576 | SH |  | SOLE |  | 0 | 0 | 4576 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 3124246 | 260137 | SH |  | SOLE |  | 0 | 0 | 260137 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 16565656 | 23055 | SH |  | SOLE |  | 0 | 0 | 23055 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 1499868 | 2090 | SH |  | SOLE |  | 0 | 0 | 2090 |
| BIOGEN INC | COM | 09062X103 |  | 1215475 | 8677 | SH |  | SOLE |  | 0 | 0 | 8677 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 809918 | 13017 | SH |  | SOLE |  | 0 | 0 | 13017 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 593560 | 11430 | SH |  | SOLE |  | 0 | 0 | 11430 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 |  | 160483 | 17616 | SH |  | SOLE |  | 0 | 0 | 17616 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 118684 | 12493 | SH |  | SOLE |  | 0 | 0 | 12493 |
| LUCKY STRIKE ENTERTAINMENT C | CL A COM | 10258P102 |  | 204800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1449859 | 6085 | SH |  | SOLE |  | 0 | 0 | 6085 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 12254599 | 49968 | SH |  | SOLE |  | 0 | 0 | 49968 |
| CAMECO CORP | COM | 13321L108 |  | 2787004 | 33234 | SH |  | SOLE |  | 0 | 0 | 33234 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 464526 | 6236 | SH |  | SOLE |  | 0 | 0 | 6236 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 760095 | 21780 | SH |  | SOLE |  | 0 | 0 | 21780 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 548915 | 9548 | SH |  | SOLE |  | 0 | 0 | 9548 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 294450 | 11873 | SH |  | SOLE |  | 0 | 0 | 11873 |
| COHEN  STEERS INFRASTRUCTUR | RIGHT 10/16/2025 | 19248A117 |  | 927 | 11872 | SH |  | SOLE |  | 0 | 0 | 11872 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 568334 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 4507116 | 143447 | SH |  | SOLE |  | 0 | 0 | 143447 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5206395 | 55042 | SH |  | SOLE |  | 0 | 0 | 55042 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1397961 | 4248 | SH |  | SOLE |  | 0 | 0 | 4248 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 49153670 | 53103 | SH |  | SOLE |  | 0 | 0 | 53103 |
| COUPANG INC | CL A | 22266T109 |  | 1779566 | 55266 | SH |  | SOLE |  | 0 | 0 | 55266 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 4474774 | 9125 | SH |  | SOLE |  | 0 | 0 | 9125 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1669548 | 17495 | SH |  | SOLE |  | 0 | 0 | 17495 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 900800 | 15475 | SH |  | SOLE |  | 0 | 0 | 15475 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 681300 | 15245 | SH |  | SOLE |  | 0 | 0 | 15245 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 5757458 | 13336 | SH |  | SOLE |  | 0 | 0 | 13336 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2046048 | 16534 | SH |  | SOLE |  | 0 | 0 | 16534 |
| DOXIMITY INC | CL A | 26622P107 |  | 495080 | 6768 | SH |  | SOLE |  | 0 | 0 | 6768 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 838169 | 13865 | SH |  | SOLE |  | 0 | 0 | 13865 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 282711 | 16475 | SH |  | SOLE |  | 0 | 0 | 16475 |
| EVERCORE INC | CLASS A | 29977A105 |  | 557735 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| EVERGY INC | COM | 30034W106 |  | 1306606 | 17188 | SH |  | SOLE |  | 0 | 0 | 17188 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 3876157 | 18134 | SH |  | SOLE |  | 0 | 0 | 18134 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 29519553 | 261814 | SH |  | SOLE |  | 0 | 0 | 261814 |
| FIDELITY COVINGTON TRUST | ENHANCED MID | 31609A503 |  | 890927 | 24645 | SH |  | SOLE |  | 0 | 0 | 24645 |
| FIDELITY ETHEREUM FD | SHS | 31613E103 |  | 364572 | 8774 | SH |  | SOLE |  | 0 | 0 | 8774 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 333815 | 5062 | SH |  | SOLE |  | 0 | 0 | 5062 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 377784 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 1307369 | 9726 | SH |  | SOLE |  | 0 | 0 | 9726 |
| GE VERNOVA INC | COM | 36828A101 |  | 873158 | 1420 | SH |  | SOLE |  | 0 | 0 | 1420 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3877558 | 63598 | SH |  | SOLE |  | 0 | 0 | 63598 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 1564790 | 32151 | SH |  | SOLE |  | 0 | 0 | 32151 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 2996281 | 36065 | SH |  | SOLE |  | 0 | 0 | 36065 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 1020264 | 28993 | SH |  | SOLE |  | 0 | 0 | 28993 |
| GLOBAL X FDS | DAX GERMANY ETF | 37954Y491 |  | 201984 | 4514 | SH |  | SOLE |  | 0 | 0 | 4514 |
| GOLDMINING INC | COM | 38149E101 |  | 12300 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 249479 | 7303 | SH |  | SOLE |  | 0 | 0 | 7303 |
| HP INC | COM | 40434L105 |  | 691201 | 25384 | SH |  | SOLE |  | 0 | 0 | 25384 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 209810 | 8543 | SH |  | SOLE |  | 0 | 0 | 8543 |
| ITT INC | COM | 45073V108 |  | 1180353 | 6603 | SH |  | SOLE |  | 0 | 0 | 6603 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C540 |  | 216277 | 5147 | SH |  | SOLE |  | 0 | 0 | 5147 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 550204 | 13400 | SH |  | SOLE |  | 0 | 0 | 13400 |
| INNOVATOR ETFS TRUST | US EQTY PWR BF | 45782C680 |  | 2276690 | 53607 | SH |  | SOLE |  | 0 | 0 | 53607 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C748 |  | 527420 | 12817 | SH |  | SOLE |  | 0 | 0 | 12817 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 710633 | 16488 | SH |  | SOLE |  | 0 | 0 | 16488 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 512681 | 11243 | SH |  | SOLE |  | 0 | 0 | 11243 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 754940 | 4481 | SH |  | SOLE |  | 0 | 0 | 4481 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 44724942 | 74494 | SH |  | SOLE |  | 0 | 0 | 74494 |
| INVESCO QQQ TR | PUT | 46090E953 |  | 5523404 | 9200 | PRN | Put | SOLE |  | 0 | 0 | 9200 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2098404 | 4692 | SH |  | SOLE |  | 0 | 0 | 4692 |
| INVENTRUST PPTYS CORP | COM NEW | 46124J201 |  | 233253 | 8150 | SH |  | SOLE |  | 0 | 0 | 8150 |
| INVESCO EXCHANGE TRADED FD T | S EQL UTL | 46137V274 |  | 2488154 | 32457 | SH |  | SOLE |  | 0 | 0 | 32457 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 242397 | 5437 | SH |  | SOLE |  | 0 | 0 | 5437 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 71695292 | 377940 | SH |  | SOLE |  | 0 | 0 | 377940 |
| INVESCO EXCHANGE TRADED FD T | BIOTECHNOLOGY | 46137V787 |  | 223584 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 644716 | 2609 | SH |  | SOLE |  | 0 | 0 | 2609 |
| INVESTMENT MANAGERS SER TR I | TRADR 1X SHORT | 46144X131 |  | 202265 | 7050 | SH |  | SOLE |  | 0 | 0 | 7050 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 920450 | 4846 | SH |  | SOLE |  | 0 | 0 | 4846 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 839096 | 19804 | SH |  | SOLE |  | 0 | 0 | 19804 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 697055 | 13645 | SH |  | SOLE |  | 0 | 0 | 13645 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 5743521 | 60369 | SH |  | SOLE |  | 0 | 0 | 60369 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 504134 | 9831 | SH |  | SOLE |  | 0 | 0 | 9831 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 3170350 | 16300 | SH |  | SOLE |  | 0 | 0 | 16300 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 783199 | 3054 | SH |  | SOLE |  | 0 | 0 | 3054 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 458130 | 5247 | SH |  | SOLE |  | 0 | 0 | 5247 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 231248 | 3508 | SH |  | SOLE |  | 0 | 0 | 3508 |
| ISHARES TR | FUTURE EXPONENTI | 46434V381 |  | 256828 | 3570 | SH |  | SOLE |  | 0 | 0 | 3570 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 267770 | 10630 | SH |  | SOLE |  | 0 | 0 | 10630 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 |  | 239888 | 9400 | SH |  | SOLE |  | 0 | 0 | 9400 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 217843 | 8950 | SH |  | SOLE |  | 0 | 0 | 8950 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 287860 | 12265 | SH |  | SOLE |  | 0 | 0 | 12265 |
| ISHARES TR | ESG SELECT SCRE | 46436E569 |  | 324679 | 6302 | SH |  | SOLE |  | 0 | 0 | 6302 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 4468346 | 68744 | SH |  | SOLE |  | 0 | 0 | 68744 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 964534 | 16892 | SH |  | SOLE |  | 0 | 0 | 16892 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 705118 | 13815 | SH |  | SOLE |  | 0 | 0 | 13815 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 23089290 | 455141 | SH |  | SOLE |  | 0 | 0 | 455141 |
| KKR  CO INC | COM | 48251W104 |  | 470618 | 3622 | SH |  | SOLE |  | 0 | 0 | 3622 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 212039 | 8243 | SH |  | SOLE |  | 0 | 0 | 8243 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 426805 | 2440 | SH |  | SOLE |  | 0 | 0 | 2440 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 579630 | 1363 | SH |  | SOLE |  | 0 | 0 | 1363 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 357071 | 12895 | SH |  | SOLE |  | 0 | 0 | 12895 |
| MNTN INC | CL A | 55318A108 |  | 927500 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3699967 | 19197 | SH |  | SOLE |  | 0 | 0 | 19197 |
| MCKESSON CORP | COM | 58155Q103 |  | 584909 | 757 | SH |  | SOLE |  | 0 | 0 | 757 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 572261 | 1113 | SH |  | SOLE |  | 0 | 0 | 1113 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 7588045 | 3247 | SH |  | SOLE |  | 0 | 0 | 3247 |
| MERCK  CO INC | COM | 58933Y105 |  | 2628056 | 31311 | SH |  | SOLE |  | 0 | 0 | 31311 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 373942 | 1774 | SH |  | SOLE |  | 0 | 0 | 1774 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 284750 | 25000 | SH |  | SOLE |  | 0 | 0 | 25000 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 46829 | 39024 | SH |  | SOLE |  | 0 | 0 | 39024 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 314842 | 26931 | SH |  | SOLE |  | 0 | 0 | 26931 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 17807733 | 165177 | SH |  | SOLE |  | 0 | 0 | 165177 |
| PTC INC | COM | 69370C100 |  | 7912705 | 38975 | SH |  | SOLE |  | 0 | 0 | 38975 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2893435 | 15861 | SH |  | SOLE |  | 0 | 0 | 15861 |
| PENNYMAC CORP | NOTE 5.500% 3/1 | 70932AAF0 |  | 24887 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| PENNYMAC FINL SVCS INC NEW | COM | 70932M107 |  | 631912 | 5101 | SH |  | SOLE |  | 0 | 0 | 5101 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 2245701 | 27086 | SH |  | SOLE |  | 0 | 0 | 27086 |
| PROLOGIS INC. | COM | 74340W103 |  | 355127 | 3101 | SH |  | SOLE |  | 0 | 0 | 3101 |
| QUANTA SVCS INC | COM | 74762E102 |  | 19211801 | 46358 | SH |  | SOLE |  | 0 | 0 | 46358 |
| QVC GROUP INC | COM SER A NEW | 74915M605 |  | 2219281 | 164513 | SH |  | SOLE |  | 0 | 0 | 164513 |
| RTX CORPORATION | COM | 75513E101 |  | 4422989 | 26433 | SH |  | SOLE |  | 0 | 0 | 26433 |
| REDDIT INC | CL A | 75734B100 |  | 772307 | 3358 | SH |  | SOLE |  | 0 | 0 | 3358 |
| ROKU INC | COM CL A | 77543R102 |  | 1053642 | 10523 | SH |  | SOLE |  | 0 | 0 | 10523 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 66196953 | 99364 | SH |  | SOLE |  | 0 | 0 | 99364 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 9812750 | 27605 | SH |  | SOLE |  | 0 | 0 | 27605 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 52829462 | 1234622 | SH |  | SOLE |  | 0 | 0 | 1234622 |
| SPDR SERIES TRUST | S 600 SMCP GRW | 78464A201 |  | 2918868 | 30950 | SH |  | SOLE |  | 0 | 0 | 30950 |
| SPDR SERIES TRUST | NUVEEN ICE HIGH | 78464A284 |  | 385444 | 15461 | SH |  | SOLE |  | 0 | 0 | 15461 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 |  | 3047384 | 34375 | SH |  | SOLE |  | 0 | 0 | 34375 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 441007 | 4873 | SH |  | SOLE |  | 0 | 0 | 4873 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 33663569 | 322109 | SH |  | SOLE |  | 0 | 0 | 322109 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 34782932 | 628645 | SH |  | SOLE |  | 0 | 0 | 628645 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 1327114 | 9476 | SH |  | SOLE |  | 0 | 0 | 9476 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 24659779 | 431190 | SH |  | SOLE |  | 0 | 0 | 431190 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 3412545 | 43561 | SH |  | SOLE |  | 0 | 0 | 43561 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 339784 | 8172 | SH |  | SOLE |  | 0 | 0 | 8172 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 6817220 | 11438 | SH |  | SOLE |  | 0 | 0 | 11438 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 |  | 2561446 | 25738 | SH |  | SOLE |  | 0 | 0 | 25738 |
| SPDR SERIES TRUST | NUVEEN ICE MUNIC | 78468R721 |  | 1145083 | 25128 | SH |  | SOLE |  | 0 | 0 | 25128 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 |  | 14915220 | 338982 | SH |  | SOLE |  | 0 | 0 | 338982 |
| SPDR SERIES TRUST | SPDR S 500 ETF | 78468R796 |  | 237830 | 4336 | SH |  | SOLE |  | 0 | 0 | 4336 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 56793141 | 1226104 | SH |  | SOLE |  | 0 | 0 | 1226104 |
| SALESFORCE INC | COM | 79466L302 |  | 7909309 | 33370 | SH |  | SOLE |  | 0 | 0 | 33370 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 2506153 | 14022 | SH |  | SOLE |  | 0 | 0 | 14022 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 9833278 | 109722 | SH |  | SOLE |  | 0 | 0 | 109722 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 3887946 | 49610 | SH |  | SOLE |  | 0 | 0 | 49610 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 5948115 | 24821 | SH |  | SOLE |  | 0 | 0 | 24821 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 10854188 | 121493 | SH |  | SOLE |  | 0 | 0 | 121493 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 1835478 | 43567 | SH |  | SOLE |  | 0 | 0 | 43567 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 9132228 | 104715 | SH |  | SOLE |  | 0 | 0 | 104715 |
| SOLID POWER INC | CLASS A COM | 83422N105 |  | 37227 | 10728 | SH |  | SOLE |  | 0 | 0 | 10728 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 234038 | 3206 | SH |  | SOLE |  | 0 | 0 | 3206 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 4360568 | 147217 | SH |  | SOLE |  | 0 | 0 | 147217 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 793914 | 7297 | SH |  | SOLE |  | 0 | 0 | 7297 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 806667 | 21986 | SH |  | SOLE |  | 0 | 0 | 21986 |
| STANTEC INC | COM | 85472N109 |  | 383445 | 3557 | SH |  | SOLE |  | 0 | 0 | 3557 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 563003 | 33632 | SH |  | SOLE |  | 0 | 0 | 33632 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 1789742 | 8862 | SH |  | SOLE |  | 0 | 0 | 8862 |
| TARGET CORP | COM | 87612E106 |  | 201047 | 2241 | SH |  | SOLE |  | 0 | 0 | 2241 |
| TEMPUS AI INC | CL A | 88023B103 |  | 1064045 | 13184 | SH |  | SOLE |  | 0 | 0 | 13184 |
| TESLA INC | COM | 88160R101 |  | 5967253 | 13418 | SH |  | SOLE |  | 0 | 0 | 13418 |
| 3M CO | COM | 88579Y101 |  | 2526010 | 16278 | SH |  | SOLE |  | 0 | 0 | 16278 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 1229684 | 23058 | SH |  | SOLE |  | 0 | 0 | 23058 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1785881 | 6396 | SH |  | SOLE |  | 0 | 0 | 6396 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 559864 | 7445 | SH |  | SOLE |  | 0 | 0 | 7445 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2574539 | 56311 | SH |  | SOLE |  | 0 | 0 | 56311 |
| UBIQUITI INC | COM | 90353W103 |  | 2121475 | 3212 | SH |  | SOLE |  | 0 | 0 | 3212 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1249871 | 2286 | SH |  | SOLE |  | 0 | 0 | 2286 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 9106895 | 26374 | SH |  | SOLE |  | 0 | 0 | 26374 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 921378 | 5412 | SH |  | SOLE |  | 0 | 0 | 5412 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 325388 | 4259 | SH |  | SOLE |  | 0 | 0 | 4259 |
| VANECK ETF TRUST | SHRT HGH YLD MUN | 92189F387 |  | 6840960 | 298732 | SH |  | SOLE |  | 0 | 0 | 298732 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1342646 | 4114 | SH |  | SOLE |  | 0 | 0 | 4114 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 361067 | 2751 | SH |  | SOLE |  | 0 | 0 | 2751 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 8279833 | 31895 | SH |  | SOLE |  | 0 | 0 | 31895 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 247712 | 836 | SH |  | SOLE |  | 0 | 0 | 836 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 5177976 | 27337 | SH |  | SOLE |  | 0 | 0 | 27337 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 1954270 | 10410 | SH |  | SOLE |  | 0 | 0 | 10410 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 749338 | 12733 | SH |  | SOLE |  | 0 | 0 | 12733 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 16480987 | 274546 | SH |  | SOLE |  | 0 | 0 | 274546 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 205598 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1064866 | 4234 | SH |  | SOLE |  | 0 | 0 | 4234 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1010432 | 2580 | SH |  | SOLE |  | 0 | 0 | 2580 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 6255741 | 41467 | SH |  | SOLE |  | 0 | 0 | 41467 |
| VIATRIS INC | COM | 92556V106 |  | 212524 | 21467 | SH |  | SOLE |  | 0 | 0 | 21467 |
| VISTRA CORP | COM | 92840M102 |  | 855390 | 4366 | SH |  | SOLE |  | 0 | 0 | 4366 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 638152 | 5569 | SH |  | SOLE |  | 0 | 0 | 5569 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 323078 | 9593 | SH |  | SOLE |  | 0 | 0 | 9593 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1612444 | 19993 | SH |  | SOLE |  | 0 | 0 | 19993 |
| XYLEM INC | COM | 98419M100 |  | 293230 | 1988 | SH |  | SOLE |  | 0 | 0 | 1988 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 2376504 | 13400 | SH |  | SOLE |  | 0 | 0 | 13400 |
| AMCOR PLC | ORD | G0250X107 |  | 1618088 | 197810 | SH |  | SOLE |  | 0 | 0 | 197810 |
| EATON CORP PLC | SHS | G29183103 |  | 2933062 | 7837 | SH |  | SOLE |  | 0 | 0 | 7837 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 3212161 | 29206 | SH |  | SOLE |  | 0 | 0 | 29206 |
| LINDE PLC | SHS | G54950103 |  | 846450 | 1782 | SH |  | SOLE |  | 0 | 0 | 1782 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 309808 | 19195 | SH |  | SOLE |  | 0 | 0 | 19195 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 659705 | 6688 | SH |  | SOLE |  | 0 | 0 | 6688 |
| PENTAIR PLC | SHS | G7S00T104 |  | 6681150 | 60321 | SH |  | SOLE |  | 0 | 0 | 60321 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 1588639 | 7237 | SH |  | SOLE |  | 0 | 0 | 7237 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 381030 | 903 | SH |  | SOLE |  | 0 | 0 | 903 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 575602 | 9260 | SH |  | SOLE |  | 0 | 0 | 9260 |
| XP INC | CL A | G98239109 |  | 217777 | 11590 | SH |  | SOLE |  | 0 | 0 | 11590 |
| CHUBB LIMITED | COM | H1467J104 |  | 10161484 | 35998 | SH |  | SOLE |  | 0 | 0 | 35998 |
| GARMIN LTD | SHS | H2906T109 |  | 1347809 | 5474 | SH |  | SOLE |  | 0 | 0 | 5474 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 16560846 | 23726 | SH |  | SOLE |  | 0 | 0 | 23726 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 2609977 | 5402 | SH |  | SOLE |  | 0 | 0 | 5402 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 1236471 | 10219 | SH |  | SOLE |  | 0 | 0 | 10219 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1035882 | 1070 | SH |  | SOLE |  | 0 | 0 | 1070 |
| FERRARI N V | COM | N3167Y103 |  | 429111 | 884 | SH |  | SOLE |  | 0 | 0 | 884 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 719539 | 6409 | SH |  | SOLE |  | 0 | 0 | 6409 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 4132528 | 12771 | SH |  | SOLE |  | 0 | 0 | 12771 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 |  | 1136615 | 61141 | SH |  | SOLE |  | 0 | 0 | 61141 |
| DISNEY WALT CO | COM | 254687106 |  | 10723488 | 93655 | SH |  | DFND | 2 3 | 0 | 0 | 93655 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 2044129 | 7849 | SH |  | DFND | 2 3 | 0 | 0 | 7849 |
| PFIZER INC | COM | 717081103 |  | 8876880 | 348386 | SH |  | DFND | 2 3 | 0 | 0 | 348386 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 923091 | 11051 | SH |  | DFND | 2 3 | 0 | 0 | 11051 |
| CISCO SYS INC | COM | 17275R102 |  | 30161946 | 440835 | SH |  | DFND | 2 3 | 0 | 0 | 440835 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57563896 | 78384 | SH |  | DFND | 2 3 | 0 | 0 | 78384 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 10357530 | 137204 | SH |  | DFND | 2 3 | 0 | 0 | 137204 |
| AMAZON COM INC | COM | 023135106 |  | 77564450 | 353256 | SH |  | DFND | 2 4 | 0 | 0 | 353256 |
| MICROSOFT CORP | COM | 594918104 |  | 122225653 | 235980 | SH |  | DFND | 2 4 | 0 | 0 | 235980 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 37958300 | 155854 | SH |  | DFND | 2 4 | 0 | 0 | 155854 |
| ORACLE CORP | COM | 68389X105 |  | 29109789 | 103505 | SH |  | DFND | 2 4 | 0 | 0 | 103505 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 7280866 | 29525 | SH |  | DFND | 2 4 | 0 | 0 | 29525 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 10065145 | 102737 | SH |  | DFND | 3 4 | 0 | 0 | 102737 |

---