# EDGAR Filing Document

**Accession Number:** 0001842013
**File Stem:** 0001842013-26-000002
**Filing Date:** 2026-1
**Character Count:** 22060
**Document Hash:** bd8b5ce10f3d84805c770b09d8e6d81d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001842013-26-000002.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001842013-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kaizen Financial Strategies
- **CENTRAL INDEX KEY:** 0001842013

**ORGANIZATION NAME:**
- **EIN:** 832391273

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20537
- **FILM NUMBER:** 26544655

**BUSINESS ADDRESS:**
- **STREET 1:** 2105 SOUTH BASCOM AVE, SUITE 295
- **CITY:** CAMPBELL
- **STATE:** CA
- **ZIP:** 95008
- **BUSINESS PHONE:** 408-819-9010

**MAIL ADDRESS:**
- **STREET 1:** 2105 S BASCOM AVE, STE 295
- **CITY:** CAMPBELL
- **STATE:** CA
- **ZIP:** 95008

### 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:** Kaizen Financial Strategies<br>**Address:** 2105 S BASCOM AVE STE 295<br>CAMPBELL, CA 95008

**Form 13F File Number:** 028-20537

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:** John Stachnick<br>**Title:** Chief Compliance Officer<br>**Phone:** 408-819-9010

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

/s/John Stachnick  Campbell, CA  01-20-2026<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:** 165

**Form 13F Information Table Value Total:** $226689954

      (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 | BBG001S5T7X2 | 292983 | 1830 | SH |  | SOLE |  | 0 | 0 | 1830 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 945781 | 4139 | SH |  | SOLE |  | 0 | 0 | 4139 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 1199724 | 5602 | SH |  | SOLE |  | 0 | 0 | 5602 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 210798 | 14700 | SH |  | SOLE |  | 0 | 0 | 14700 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 307818 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| ALLIANCEBERNSTEIN GLOBAL HIG | COM | 01879R106 | BBG001S6LJ53 | 452582 | 42337 | SH |  | SOLE |  | 0 | 0 | 42337 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 | BBG001V0T5F3 | 244750 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3569737 | 11405 | SH |  | SOLE |  | 0 | 0 | 11405 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 7437930 | 23703 | SH |  | SOLE |  | 0 | 0 | 23703 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 5129744 | 22224 | SH |  | SOLE |  | 0 | 0 | 22224 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 614487 | 1661 | SH |  | SOLE |  | 0 | 0 | 1661 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 448237 | 1369 | SH |  | SOLE |  | 0 | 0 | 1369 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 | BBG01L6XYQ08 | 427818 | 5323 | SH |  | SOLE |  | 0 | 0 | 5323 |
| AMPLIFY ETF TR | BLOCKCHAIN TECHN | 032108607 | BBG00JRH3FV0 | 1093995 | 19230 | SH |  | SOLE |  | 0 | 0 | 19230 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 16109971 | 59258 | SH |  | SOLE |  | 0 | 0 | 59258 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 576513 | 2243 | SH |  | SOLE |  | 0 | 0 | 2243 |
| ARCHER AVIATION INC | COM CL A | 03945R102 | BBG00XRTC929 | 609504 | 81051 | SH |  | SOLE |  | 0 | 0 | 81051 |
| ARGAN INC | COM | 04010E109 | BBG001SJP7D8 | 1072494 | 3423 | SH |  | SOLE |  | 0 | 0 | 3423 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | BBG01J1GY084 | 311534 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| AXON ENTERPRISE INC | COM | 05464C101 | BBG001SB2HG5 | 326560 | 575 | SH |  | SOLE |  | 0 | 0 | 575 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 400525 | 320 | SH |  | SOLE |  | 0 | 0 | 320 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 228484 | 4154 | SH |  | SOLE |  | 0 | 0 | 4154 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 356379 | 709 | SH |  | SOLE |  | 0 | 0 | 709 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 4181401 | 27127 | SH |  | SOLE |  | 0 | 0 | 27127 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 364789 | 1054 | SH |  | SOLE |  | 0 | 0 | 1054 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 | BBG015H8BXT5 | 13306987 | 304926 | SH |  | SOLE |  | 0 | 0 | 304926 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 505530 | 2460 | SH |  | SOLE |  | 0 | 0 | 2460 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 690161 | 1205 | SH |  | SOLE |  | 0 | 0 | 1205 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 166292 | 12522 | SH |  | SOLE |  | 0 | 0 | 12522 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 885460 | 1027 | SH |  | SOLE |  | 0 | 0 | 1027 |
| CUBESMART | COM | 229663109 | BBG001SHP0D7 | 221147 | 6134 | SH |  | SOLE |  | 0 | 0 | 6134 |
| DIMENSIONAL ETF TRUST | CALIF MUN BD ETF | 25434V633 | BBG01H4ZQZZ5 | 295645 | 5903 | SH |  | SOLE |  | 0 | 0 | 5903 |
| DIREXION SHS ETF TR | DLY FIN BULL NEW | 25459Y694 | BBG001T32293 | 248287 | 1475 | SH |  | SOLE |  | 0 | 0 | 1475 |
| DIREXION SHS ETF TR | DLY SCOND 3XBU | 25459W458 | BBG001T6YQM3 | 319848 | 7610 | SH |  | SOLE |  | 0 | 0 | 7610 |
| DIREXION SHS ETF TR | DLY SMCAP BULL3X | 25459W847 | BBG001T3NV41 | 201515 | 4425 | SH |  | SOLE |  | 0 | 0 | 4425 |
| DIREXION SHS ETF TR | NAS100 EQL WGT | 25459Y207 | BBG001V0SZW9 | 253578 | 2479 | SH |  | SOLE |  | 0 | 0 | 2479 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1939488 | 1805 | SH |  | SOLE |  | 0 | 0 | 1805 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 240433 | 393 | SH |  | SOLE |  | 0 | 0 | 393 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 441631 | 4778 | SH |  | SOLE |  | 0 | 0 | 4778 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 | BBG00LWJ3BF2 | 922899 | 8416 | SH |  | SOLE |  | 0 | 0 | 8416 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6J1 | 208108 | 3812 | SH |  | SOLE |  | 0 | 0 | 3812 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 | BBG009K1H2W7 | 598591 | 8378 | SH |  | SOLE |  | 0 | 0 | 8378 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 | BBG001SS8248 | 383876 | 3533 | SH |  | SOLE |  | 0 | 0 | 3533 |
| FRANKLIN TEMPLETON ETF TR | FTSE MEXICO | 35473P736 | BBG00J3MSND1 | 284135 | 8394 | SH |  | SOLE |  | 0 | 0 | 8394 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 774035 | 2513 | SH |  | SOLE |  | 0 | 0 | 2513 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 423340 | 648 | SH |  | SOLE |  | 0 | 0 | 648 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 277470 | 2261 | SH |  | SOLE |  | 0 | 0 | 2261 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 | BBG01NX636V7 | 431259 | 11135 | SH |  | SOLE |  | 0 | 0 | 11135 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 | BBG00R02H8F3 | 320636 | 9294 | SH |  | SOLE |  | 0 | 0 | 9294 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 249962 | 1281 | SH |  | SOLE |  | 0 | 0 | 1281 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 232774 | 411 | SH |  | SOLE |  | 0 | 0 | 411 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 | BBG00KJR2V68 | 746364 | 16400 | SH |  | SOLE |  | 0 | 0 | 16400 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 2473685 | 4027 | SH |  | SOLE |  | 0 | 0 | 4027 |
| ISHARES INC | MSCI CDA ETF | 464286509 | BBG001S8R7V0 | 270189 | 5010 | SH |  | SOLE |  | 0 | 0 | 5010 |
| ISHARES INC | MSCI ITALY ETF | 46434G830 | BBG001S8SYM0 | 423774 | 7800 | SH |  | SOLE |  | 0 | 0 | 7800 |
| ISHARES INC | MSCI SINGPOR ETF | 46434G780 | BBG001S8SYS4 | 306436 | 11139 | SH |  | SOLE |  | 0 | 0 | 11139 |
| ISHARES INC | MSCI SPAIN ETF | 464286764 | BBG001S8SYT3 | 328851 | 6100 | SH |  | SOLE |  | 0 | 0 | 6100 |
| ISHARES TR | CORE S US GWT | 464287671 | BBG001SFQL99 | 728697 | 4339 | SH |  | SOLE |  | 0 | 0 | 4339 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 384560 | 561 | SH |  | SOLE |  | 0 | 0 | 561 |
| ISHARES TR | FALN ANGLS USD | 46435G474 | BBG00D332C84 | 441756 | 16182 | SH |  | SOLE |  | 0 | 0 | 16182 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 662734 | 6014 | SH |  | SOLE |  | 0 | 0 | 6014 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 | BBG001SBRK44 | 442142 | 5538 | SH |  | SOLE |  | 0 | 0 | 5538 |
| ISHARES TR | MSCI ACWI EX US | 464288240 | BBG001S56R18 | 296715 | 4420 | SH |  | SOLE |  | 0 | 0 | 4420 |
| ISHARES TR | MSCI POLAND ETF | 46429B606 | BBG001S56L11 | 623492 | 17718 | SH |  | SOLE |  | 0 | 0 | 17718 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 | BBG001S562F8 | 347236 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 507690 | 2062 | SH |  | SOLE |  | 0 | 0 | 2062 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 46290 | 13700 | SH | Call | SOLE |  | 0 | 0 | 13700 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 208534 | 3643 | SH |  | SOLE |  | 0 | 0 | 3643 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 | BBG016CBQVP3 | 5938725 | 79310 | SH |  | SOLE |  | 0 | 0 | 79310 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 | BBG00X2MYTD1 | 147893 | 11204 | SH |  | SOLE |  | 0 | 0 | 11204 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 759233 | 2356 | SH |  | SOLE |  | 0 | 0 | 2356 |
| KINROSS GOLD CORP | COM | 496902404 | BBG001S5R0C2 | 627996 | 22301 | SH |  | SOLE |  | 0 | 0 | 22301 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 | BBG001SD5VL1 | 1146241 | 15100 | SH |  | SOLE |  | 0 | 0 | 15100 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 785690 | 4590 | SH |  | SOLE |  | 0 | 0 | 4590 |
| LEIDOS HOLDINGS INC | COM | 525327102 | BBG001SKW6M9 | 313896 | 1740 | SH |  | SOLE |  | 0 | 0 | 1740 |
| LENNAR CORP | CL A | 526057104 | BBG001S5SRK3 | 356923 | 3472 | SH |  | SOLE |  | 0 | 0 | 3472 |
| LISTED FDS TR | WAHED FTSE ETF | 53656F607 | BBG00PPRBP63 | 217415 | 3505 | SH |  | SOLE |  | 0 | 0 | 3505 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG001STBM75 | 247294 | 1190 | SH |  | SOLE |  | 0 | 0 | 1190 |
| MAIN STR CAP CORP | COM | 56035L104 | BBG001SJMVT1 | 235934 | 3907 | SH |  | SOLE |  | 0 | 0 | 3907 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1385261 | 2099 | SH |  | SOLE |  | 0 | 0 | 2099 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3637896 | 7522 | SH |  | SOLE |  | 0 | 0 | 7522 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 403242 | 2271 | SH |  | SOLE |  | 0 | 0 | 2271 |
| MORGAN STANLEY EMERGING MKTS | COM | 617477104 | BBG001SRJQL6 | 629712 | 115969 | SH |  | SOLE |  | 0 | 0 | 115969 |
| NEOS ETF TRUST | BITCOIN HIGH INC | 78433H642 | BBG01Q9WJDB0 | 350487 | 7962 | SH |  | SOLE |  | 0 | 0 | 7962 |
| NEOS ETF TRUST | NASDAQ 100 HIGH | 78433H675 | BBG01L86VCM5 | 1869319 | 34707 | SH |  | SOLE |  | 0 | 0 | 34707 |
| NEOS ETF TRUST | NEOS S 500 HI | 78433H303 | BBG019C1Y0V1 | 1911252 | 36384 | SH |  | SOLE |  | 0 | 0 | 36384 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 511742 | 5458 | SH |  | SOLE |  | 0 | 0 | 5458 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 296915 | 2974 | SH |  | SOLE |  | 0 | 0 | 2974 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 647186 | 8062 | SH |  | SOLE |  | 0 | 0 | 8062 |
| NUSCALE PWR CORP | CL A COM | 67079K100 | BBG00YG48PG8 | 215030 | 15175 | SH |  | SOLE |  | 0 | 0 | 15175 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 10066564 | 53976 | SH |  | SOLE |  | 0 | 0 | 53976 |
| OKLO INC | COM CL A | 02156V109 | BBG0112CBMQ8 | 591446 | 8242 | SH |  | SOLE |  | 0 | 0 | 8242 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 367319 | 4998 | SH |  | SOLE |  | 0 | 0 | 4998 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 452723 | 2323 | SH |  | SOLE |  | 0 | 0 | 2323 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 967671 | 5444 | SH |  | SOLE |  | 0 | 0 | 5444 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 333402 | 1810 | SH |  | SOLE |  | 0 | 0 | 1810 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 | BBG002Q8P804 | 638620 | 36060 | SH |  | SOLE |  | 0 | 0 | 36060 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 470949 | 2068 | SH |  | SOLE |  | 0 | 0 | 2068 |
| PROSHARES TR | PSHS ULT NASB | 74347R214 | BBG001T7V4Q9 | 424028 | 5315 | SH |  | SOLE |  | 0 | 0 | 5315 |
| PROSHARES TR II | ULTRA GOLD | 74347W601 | BBG001S7Y5Z4 | 571245 | 10289 | SH |  | SOLE |  | 0 | 0 | 10289 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 394090 | 2304 | SH |  | SOLE |  | 0 | 0 | 2304 |
| ROYAL GOLD INC | COM | 780287108 | BBG001S5VNX4 | 571063 | 2569 | SH |  | SOLE |  | 0 | 0 | 2569 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1153625 | 4355 | SH |  | SOLE |  | 0 | 0 | 4355 |
| SANDISK CORP | COM | 80004C200 | BBG01R388JK6 | 296725 | 1250 | SH |  | SOLE |  | 0 | 0 | 1250 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 209935 | 2101 | SH |  | SOLE |  | 0 | 0 | 2101 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 | BBG00HXSKY16 | 688898 | 21003 | SH |  | SOLE |  | 0 | 0 | 21003 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 | BBG00PZFPGG2 | 8006837 | 348578 | SH |  | SOLE |  | 0 | 0 | 348578 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 | BBG0051QPC87 | 1787134 | 49560 | SH |  | SOLE |  | 0 | 0 | 49560 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 | BBG0051K49J8 | 969438 | 21443 | SH |  | SOLE |  | 0 | 0 | 21443 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US B | 808524789 | BBG0051GPYJ9 | 2175578 | 81881 | SH |  | SOLE |  | 0 | 0 | 81881 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 | BBG0051NXNX3 | 1580037 | 50144 | SH |  | SOLE |  | 0 | 0 | 50144 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | BBG001T9F7C1 | 2346033 | 93542 | SH |  | SOLE |  | 0 | 0 | 93542 |
| SCHWAB STRATEGIC TR | LONG TERM US | 808524680 | BBG00PZFJQM0 | 3831357 | 120863 | SH |  | SOLE |  | 0 | 0 | 120863 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 17736016 | 543716 | SH |  | SOLE |  | 0 | 0 | 543716 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | BBG001V036R6 | 345237 | 11481 | SH |  | SOLE |  | 0 | 0 | 11481 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 402066 | 14117 | SH |  | SOLE |  | 0 | 0 | 14117 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 | BBG00L5F9FV7 | 738298 | 6272 | SH |  | SOLE |  | 0 | 0 | 6272 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 | BBG001S7T1Q9 | 351283 | 2942 | SH |  | SOLE |  | 0 | 0 | 2942 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 861696 | 15733 | SH |  | SOLE |  | 0 | 0 | 15733 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 | BBG00B597137 | 884351 | 21917 | SH |  | SOLE |  | 0 | 0 | 21917 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 1970897 | 13690 | SH |  | SOLE |  | 0 | 0 | 13690 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 | BBG001S7TD56 | 233087 | 5460 | SH |  | SOLE |  | 0 | 0 | 5460 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | BBG001S77WM9 | 382746 | 2068 | SH |  | SOLE |  | 0 | 0 | 2068 |
| SLM CORP | COM | 78442P106 | BBG001S5W4T0 | 231120 | 8541 | SH |  | SOLE |  | 0 | 0 | 8541 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 1966385 | 4092 | SH |  | SOLE |  | 0 | 0 | 4092 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 545719 | 1377 | SH |  | SOLE |  | 0 | 0 | 1377 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 18935239 | 27768 | SH |  | SOLE |  | 0 | 0 | 27768 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A110 | BBG00BVVM2R4 | 591288 | 3314 | SH |  | SOLE |  | 0 | 0 | 3314 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A862 | BBG001SQDKJ0 | 646416 | 2010 | SH |  | SOLE |  | 0 | 0 | 2010 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A573 | BBG0024LG6M9 | 213720 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 | BBG001SMH2W0 | 222140 | 2144 | SH |  | SOLE |  | 0 | 0 | 2144 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A789 | BBG001SPTB50 | 430073 | 7150 | SH |  | SOLE |  | 0 | 0 | 7150 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 | BBG001SG4284 | 269300 | 4740 | SH |  | SOLE |  | 0 | 0 | 4740 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A540 | BBG001V08KQ1 | 918554 | 5995 | SH |  | SOLE |  | 0 | 0 | 5995 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A599 | BBG0024LG5C2 | 502471 | 2685 | SH |  | SOLE |  | 0 | 0 | 2685 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A771 | BBG001SPTB41 | 230891 | 1540 | SH |  | SOLE |  | 0 | 0 | 1540 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 | BBG001T96GD0 | 231770 | 9800 | SH |  | SOLE |  | 0 | 0 | 9800 |
| STAG INDL INC | COM | 85254J102 | BBG001T9F312 | 615603 | 16747 | SH |  | SOLE |  | 0 | 0 | 16747 |
| TEMPLETON EMERGING MKTS INCO | COM | 880192109 | BBG001S5WMJ1 | 1105399 | 171380 | SH |  | SOLE |  | 0 | 0 | 171380 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 2999183 | 6669 | SH |  | SOLE |  | 0 | 0 | 6669 |
| UNITED STS LIME  MINERALS I | COM | 911922102 | BBG001S7MWH8 | 596066 | 4978 | SH |  | SOLE |  | 0 | 0 | 4978 |
| UNITED STS OIL FD LP | UNITS | 91232N207 | BBG001SQNKR0 | 440688 | 6372 | SH |  | SOLE |  | 0 | 0 | 6372 |
| URANIUM ENERGY CORP | COM | 916896103 | BBG001SK6158 | 554928 | 47511 | SH |  | SOLE |  | 0 | 0 | 47511 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 | BBG002VZY7Y3 | 414747 | 14124 | SH |  | SOLE |  | 0 | 0 | 14124 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 | BBG001V14Q53 | 212646 | 8346 | SH |  | SOLE |  | 0 | 0 | 8346 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 3431475 | 9528 | SH |  | SOLE |  | 0 | 0 | 9528 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 44525 | 13700 | SH | Call | SOLE |  | 0 | 0 | 13700 |
| VANECK ETF TRUST | VANECK VIETNAM | 92189F817 | BBG001T5CFW2 | 357192 | 18721 | SH |  | SOLE |  | 0 | 0 | 18721 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 212796 | 2873 | SH |  | SOLE |  | 0 | 0 | 2873 |
| VANGUARD CALIF TAX FREE FDS | TAX EXEMPT BD FD | 922021605 | BBG01L82WF19 | 336530 | 3357 | SH |  | SOLE |  | 0 | 0 | 3357 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 1391396 | 2219 | SH |  | SOLE |  | 0 | 0 | 2219 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 367466 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 | BBG001SHTTW9 | 415024 | 1374 | SH |  | SOLE |  | 0 | 0 | 1374 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 945797 | 2821 | SH |  | SOLE |  | 0 | 0 | 2821 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 943145 | 17544 | SH |  | SOLE |  | 0 | 0 | 17544 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 | BBG01KH0XWG1 | 10057584 | 129117 | SH |  | SOLE |  | 0 | 0 | 129117 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 | BBG01KG1P4G1 | 1030181 | 13188 | SH |  | SOLE |  | 0 | 0 | 13188 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 1039560 | 17701 | SH |  | SOLE |  | 0 | 0 | 17701 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 3801087 | 17295 | SH |  | SOLE |  | 0 | 0 | 17295 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 470876 | 3281 | SH |  | SOLE |  | 0 | 0 | 3281 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 | BBG0074JPDP5 | 382325 | 6060 | SH |  | SOLE |  | 0 | 0 | 6060 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 947073 | 2700 | SH |  | SOLE |  | 0 | 0 | 2700 |
| WESTERN DIGITAL CORP | COM | 958102105 | BBG001S5XD28 | 443768 | 2576 | SH |  | SOLE |  | 0 | 0 | 2576 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | BBG003M3V2V9 | 462663 | 11713 | SH |  | SOLE |  | 0 | 0 | 11713 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 | BBG00L8YYQ05 | 322699 | 3780 | SH |  | SOLE |  | 0 | 0 | 3780 |

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