# EDGAR Filing Document

**Accession Number:** 0001794153
**File Stem:** 0001085146-25-004703
**Filing Date:** 2025-8
**Character Count:** 19764
**Document Hash:** 24ec6bb8a6197fe31d0d6ff304b64f3f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004703.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001085146-25-004703

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC
- **CENTRAL INDEX KEY:** 0001794153

**ORGANIZATION NAME:**
- **EIN:** 262942242
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19634
- **FILM NUMBER:** 251197001

**BUSINESS ADDRESS:**
- **STREET 1:** 50 SOUTH 6TH STREET, SUITE 1405
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** (612) 355 - 4360

**MAIL ADDRESS:**
- **STREET 1:** 50 SOUTH 6TH STREET, SUITE 1405
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC<br>**Address:** 50 SOUTH 6TH STREET SUITE 1405<br>MINNEAPOLIS, MN 55402

**Form 13F File Number:** 028-19634

**CRD Number (if applicable):** 000147384

**SEC File Number (if applicable):** 801-69248

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:** Benjamin J Wheeler<br>**Title:** Managing Member CCO<br>**Phone:** 612-355-4363

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

/s/ Benjamin J Wheeler  MINNEAPOLIS, MN  08-08-2025<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:** 160

**Form 13F Information Table Value Total:** $438918585

      (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 |  | 299913 | 1970 | SH |  | SOLE |  | 0 | 0 | 1970 |
| ABBVIE INC | COM | 00287Y109 |  | 406137 | 2188 | SH |  | SOLE |  | 0 | 0 | 2188 |
| ABRDN ASIA PACIFIC INCOME FU | COM NEW | 003009867 |  | 888289 | 55797 | SH |  | SOLE |  | 0 | 0 | 55797 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 248859 | 6095 | SH |  | SOLE |  | 0 | 0 | 6095 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 1422190 | 14972 | SH |  | SOLE |  | 0 | 0 | 14972 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12751115 | 72354 | SH |  | SOLE |  | 0 | 0 | 72354 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4731701 | 26674 | SH |  | SOLE |  | 0 | 0 | 26674 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 299599 | 5110 | SH |  | SOLE |  | 0 | 0 | 5110 |
| AMAZON COM INC | COM | 023135106 |  | 3943974 | 17977 | SH |  | SOLE |  | 0 | 0 | 17977 |
| AMERICAN CENTY ETF TR | AVANTIS CORE FI | 025072562 |  | 798015 | 19173 | SH |  | SOLE |  | 0 | 0 | 19173 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 897958 | 13101 | SH |  | SOLE |  | 0 | 0 | 13101 |
| AMERICAN CENTY ETF TR | AVANTIS RESPON U | 025072281 |  | 410648 | 5986 | SH |  | SOLE |  | 0 | 0 | 5986 |
| AMERICAN CENTY ETF TR | EMERGING MKT VAL | 025072372 |  | 7252311 | 135443 | SH |  | SOLE |  | 0 | 0 | 135443 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 434649 | 6984 | SH |  | SOLE |  | 0 | 0 | 6984 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 2764856 | 37357 | SH |  | SOLE |  | 0 | 0 | 37357 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 5420937 | 68377 | SH |  | SOLE |  | 0 | 0 | 68377 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 4843864 | 48044 | SH |  | SOLE |  | 0 | 0 | 48044 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 417991 | 6128 | SH |  | SOLE |  | 0 | 0 | 6128 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 7953031 | 87300 | SH |  | SOLE |  | 0 | 0 | 87300 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 773457 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 387369 | 4485 | SH |  | SOLE |  | 0 | 0 | 4485 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 510732 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| APPLE INC | COM | 037833100 |  | 28465976 | 138743 | SH |  | SOLE |  | 0 | 0 | 138743 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 827087 | 5109 | SH |  | SOLE |  | 0 | 0 | 5109 |
| ATLANTA BRAVES HLDGS INC | COM SER A | 047726104 |  | 311216 | 6322 | SH |  | SOLE |  | 0 | 0 | 6322 |
| AUTOZONE INC | COM | 053332102 |  | 928058 | 250 | SH |  | SOLE |  | 0 | 0 | 250 |
| BANK AMERICA CORP | COM | 060505104 |  | 201914 | 4267 | SH |  | SOLE |  | 0 | 0 | 4267 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 3644000 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 58672545 | 120782 | SH |  | SOLE |  | 0 | 0 | 120782 |
| BLACKROCK FLOATING RATE INCO | COM | 09255X100 |  | 1083618 | 82467 | SH |  | SOLE |  | 0 | 0 | 82467 |
| BLACKSTONE INC | COM | 09260D107 |  | 247555 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| BOEING CO | COM | 097023105 |  | 852146 | 4066 | SH |  | SOLE |  | 0 | 0 | 4066 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 405247 | 70 | SH |  | SOLE |  | 0 | 0 | 70 |
| BP PLC | SPONSORED ADR | 055622104 |  | 286370 | 9568 | SH |  | SOLE |  | 0 | 0 | 9568 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 957633 | 4501 | SH |  | SOLE |  | 0 | 0 | 4501 |
| CBRE GBL REAL ESTATE INC FD | COM | 12504G100 |  | 1544265 | 291921 | SH |  | SOLE |  | 0 | 0 | 291921 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 929795 | 20043 | SH |  | SOLE |  | 0 | 0 | 20043 |
| CHEVRON CORP NEW | COM | 166764100 |  | 942644 | 6583 | SH |  | SOLE |  | 0 | 0 | 6583 |
| CISCO SYS INC | COM | 17275R102 |  | 511122 | 7367 | SH |  | SOLE |  | 0 | 0 | 7367 |
| COCA COLA CO | COM | 191216100 |  | 366996 | 5187 | SH |  | SOLE |  | 0 | 0 | 5187 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 290534 | 3237 | SH |  | SOLE |  | 0 | 0 | 3237 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 348427 | 2142 | SH |  | SOLE |  | 0 | 0 | 2142 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5147387 | 5199 | SH |  | SOLE |  | 0 | 0 | 5199 |
| CVS HEALTH CORP | COM | 126650100 |  | 797529 | 11561 | SH |  | SOLE |  | 0 | 0 | 11561 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 389235 | 12940 | SH |  | SOLE |  | 0 | 0 | 12940 |
| DEERE  CO | COM | 244199105 |  | 213057 | 419 | SH |  | SOLE |  | 0 | 0 | 419 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 4130523 | 97740 | SH |  | SOLE |  | 0 | 0 | 97740 |
| DIMENSIONAL ETF TRUST | EMERGING MARKETS | 25434V682 |  | 362902 | 9535 | SH |  | SOLE |  | 0 | 0 | 9535 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 2468331 | 82305 | SH |  | SOLE |  | 0 | 0 | 82305 |
| DIMENSIONAL ETF TRUST | GLOBAL CORE PLUS | 25434V583 |  | 3352860 | 61531 | SH |  | SOLE |  | 0 | 0 | 61531 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 |  | 830290 | 21068 | SH |  | SOLE |  | 0 | 0 | 21068 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 300709 | 7021 | SH |  | SOLE |  | 0 | 0 | 7021 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 13072206 | 378137 | SH |  | SOLE |  | 0 | 0 | 378137 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 2206757 | 70979 | SH |  | SOLE |  | 0 | 0 | 70979 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 2072651 | 62979 | SH |  | SOLE |  | 0 | 0 | 62979 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 26173314 | 617878 | SH |  | SOLE |  | 0 | 0 | 617878 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 4753116 | 132620 | SH |  | SOLE |  | 0 | 0 | 132620 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILTY | 25434V716 |  | 1058219 | 26961 | SH |  | SOLE |  | 0 | 0 | 26961 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 3229031 | 59841 | SH |  | SOLE |  | 0 | 0 | 59841 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 944006 | 32141 | SH |  | SOLE |  | 0 | 0 | 32141 |
| DISNEY WALT CO | COM | 254687106 |  | 1465800 | 11820 | SH |  | SOLE |  | 0 | 0 | 11820 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 274415 | 609 | SH |  | SOLE |  | 0 | 0 | 609 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 1326159 | 108346 | SH |  | SOLE |  | 0 | 0 | 108346 |
| DOUBLELINE YIELD OPPORTUNITI | COM | 25862D105 |  | 1050116 | 67358 | SH |  | SOLE |  | 0 | 0 | 67358 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 804678 | 25949 | SH |  | SOLE |  | 0 | 0 | 25949 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 285587 | 11360 | SH |  | SOLE |  | 0 | 0 | 11360 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 535550 | 4968 | SH |  | SOLE |  | 0 | 0 | 4968 |
| FASTENAL CO | COM | 311900104 |  | 426636 | 10158 | SH |  | SOLE |  | 0 | 0 | 10158 |
| FEDEX CORP | COM | 31428X106 |  | 891642 | 3922 | SH |  | SOLE |  | 0 | 0 | 3922 |
| FIDELITY COVINGTON TRUST | ENHANCED INTL | 31609A404 |  | 200893 | 6040 | SH |  | SOLE |  | 0 | 0 | 6040 |
| FIDELITY COVINGTON TRUST | FIDELITY FUND LR | 316092337 |  | 278374 | 10477 | SH |  | SOLE |  | 0 | 0 | 10477 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 266905 | 11191 | SH |  | SOLE |  | 0 | 0 | 11191 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 517536 | 6987 | SH |  | SOLE |  | 0 | 0 | 6987 |
| GENERAL MLS INC | COM | 370334104 |  | 617990 | 11928 | SH |  | SOLE |  | 0 | 0 | 11928 |
| GLADSTONE LD CORP | COM | 376549101 |  | 1472115 | 144750 | SH |  | SOLE |  | 0 | 0 | 144750 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 913705 | 1291 | SH |  | SOLE |  | 0 | 0 | 1291 |
| HOME DEPOT INC | COM | 437076102 |  | 1644861 | 4486 | SH |  | SOLE |  | 0 | 0 | 4486 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2817615 | 12099 | SH |  | SOLE |  | 0 | 0 | 12099 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 257064 | 466 | SH |  | SOLE |  | 0 | 0 | 466 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1388044 | 23122 | SH |  | SOLE |  | 0 | 0 | 23122 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 306732 | 3701 | SH |  | SOLE |  | 0 | 0 | 3701 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 20524999 | 321004 | SH |  | SOLE |  | 0 | 0 | 321004 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 243362 | 2077 | SH |  | SOLE |  | 0 | 0 | 2077 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 1624040 | 24532 | SH |  | SOLE |  | 0 | 0 | 24532 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 866974 | 6420 | SH |  | SOLE |  | 0 | 0 | 6420 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 294934 | 1961 | SH |  | SOLE |  | 0 | 0 | 1961 |
| ISHARES TR | CORE S ETF | 464287200 |  | 988938 | 1592 | SH |  | SOLE |  | 0 | 0 | 1592 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 220758 | 1716 | SH |  | SOLE |  | 0 | 0 | 1716 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 14784508 | 111320 | SH |  | SOLE |  | 0 | 0 | 111320 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 627277 | 10014 | SH |  | SOLE |  | 0 | 0 | 10014 |
| ISHARES TR | US TELECOM ETF | 464287713 |  | 637739 | 21415 | SH |  | SOLE |  | 0 | 0 | 21415 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1508970 | 26543 | SH |  | SOLE |  | 0 | 0 | 26543 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 324645 | 5187 | SH |  | SOLE |  | 0 | 0 | 5187 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 2731847 | 53903 | SH |  | SOLE |  | 0 | 0 | 53903 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1999119 | 13087 | SH |  | SOLE |  | 0 | 0 | 13087 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 5445730 | 18784 | SH |  | SOLE |  | 0 | 0 | 18784 |
| KAROOOOO LTD | ORD SHS | Y4600W108 |  | 5202411 | 106215 | SH |  | SOLE |  | 0 | 0 | 106215 |
| KKR  CO INC | COM | 48251W104 |  | 834610 | 6273 | SH |  | SOLE |  | 0 | 0 | 6273 |
| LESAKA TECHNOLOGIES INC | COM NEW | 64107N206 |  | 594965 | 132509 | SH |  | SOLE |  | 0 | 0 | 132509 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 217213 | 469 | SH |  | SOLE |  | 0 | 0 | 469 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 845893 | 1505 | SH |  | SOLE |  | 0 | 0 | 1505 |
| MCDONALDS CORP | COM | 580135101 |  | 2669817 | 9137 | SH |  | SOLE |  | 0 | 0 | 9137 |
| MCKESSON CORP | COM | 58155Q103 |  | 468979 | 640 | SH |  | SOLE |  | 0 | 0 | 640 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 451751 | 5182 | SH |  | SOLE |  | 0 | 0 | 5182 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4535563 | 6145 | SH |  | SOLE |  | 0 | 0 | 6145 |
| MICROSOFT CORP | COM | 594918104 |  | 7181708 | 14438 | SH |  | SOLE |  | 0 | 0 | 14438 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 309026 | 6426 | SH |  | SOLE |  | 0 | 0 | 6426 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 273334 | 4053 | SH |  | SOLE |  | 0 | 0 | 4053 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 249082 | 2940 | SH |  | SOLE |  | 0 | 0 | 2940 |
| NETFLIX INC | COM | 64110L106 |  | 291930 | 218 | SH |  | SOLE |  | 0 | 0 | 218 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 322778 | 1261 | SH |  | SOLE |  | 0 | 0 | 1261 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 583978 | 8461 | SH |  | SOLE |  | 0 | 0 | 8461 |
| NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 |  | 361902 | 39945 | SH |  | SOLE |  | 0 | 0 | 39945 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2451085 | 15514 | SH |  | SOLE |  | 0 | 0 | 15514 |
| ORACLE CORP | COM | 68389X105 |  | 1326622 | 6071 | SH |  | SOLE |  | 0 | 0 | 6071 |
| PACCAR INC | COM | 693718108 |  | 862289 | 9071 | SH |  | SOLE |  | 0 | 0 | 9071 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 5826982 | 105753 | SH |  | SOLE |  | 0 | 0 | 105753 |
| PACER FDS TR | US LRG CP CASH | 69374H360 |  | 689912 | 19650 | SH |  | SOLE |  | 0 | 0 | 19650 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1000180 | 7337 | SH |  | SOLE |  | 0 | 0 | 7337 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 3970307 | 19405 | SH |  | SOLE |  | 0 | 0 | 19405 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 5409925 | 29703 | SH |  | SOLE |  | 0 | 0 | 29703 |
| POWERFLEET INC | COM | 73931J109 |  | 2439460 | 566000 | SH |  | SOLE |  | 0 | 0 | 566000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1825170 | 11455 | SH |  | SOLE |  | 0 | 0 | 11455 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 328444 | 3057 | SH |  | SOLE |  | 0 | 0 | 3057 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 2644144 | 32655 | SH |  | SOLE |  | 0 | 0 | 32655 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 245318 | 1820 | SH |  | SOLE |  | 0 | 0 | 1820 |
| SERVICENOW INC | COM | 81762P102 |  | 233374 | 227 | SH |  | SOLE |  | 0 | 0 | 227 |
| SEZZLE INC | COM | 78435P105 |  | 824550 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 235996 | 1468 | SH |  | SOLE |  | 0 | 0 | 1468 |
| SLEEP NUMBER CORP | COM | 83125X103 |  | 1269015 | 187863 | SH |  | SOLE |  | 0 | 0 | 187863 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 697513 | 10250 | SH |  | SOLE |  | 0 | 0 | 10250 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1086578 | 1758 | SH |  | SOLE |  | 0 | 0 | 1758 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 217268 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 1061302 | 41457 | SH |  | SOLE |  | 0 | 0 | 41457 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 |  | 21958397 | 866257 | SH |  | SOLE |  | 0 | 0 | 866257 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 1086414 | 88774 | SH |  | SOLE |  | 0 | 0 | 88774 |
| STARBUCKS CORP | COM | 855244109 |  | 2229422 | 24330 | SH |  | SOLE |  | 0 | 0 | 24330 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 349578 | 1543 | SH |  | SOLE |  | 0 | 0 | 1543 |
| TARGET CORP | COM | 87612E106 |  | 4999717 | 50550 | SH |  | SOLE |  | 0 | 0 | 50550 |
| TESLA INC | COM | 88160R101 |  | 386592 | 1217 | SH |  | SOLE |  | 0 | 0 | 1217 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 88711 | 11020 | SH |  | SOLE |  | 0 | 0 | 11020 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 365985 | 6940 | SH |  | SOLE |  | 0 | 0 | 6940 |
| UNION PAC CORP | COM | 907818108 |  | 381243 | 1657 | SH |  | SOLE |  | 0 | 0 | 1657 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4149013 | 13299 | SH |  | SOLE |  | 0 | 0 | 13299 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 414169 | 5625 | SH |  | SOLE |  | 0 | 0 | 5625 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 239975 | 4847 | SH |  | SOLE |  | 0 | 0 | 4847 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1421136 | 15957 | SH |  | SOLE |  | 0 | 0 | 15957 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 847602 | 1492 | SH |  | SOLE |  | 0 | 0 | 1492 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 669843 | 2203 | SH |  | SOLE |  | 0 | 0 | 2203 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5577949 | 112776 | SH |  | SOLE |  | 0 | 0 | 112776 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 10691068 | 137949 | SH |  | SOLE |  | 0 | 0 | 137949 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 5678923 | 70889 | SH |  | SOLE |  | 0 | 0 | 70889 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 351441 | 1221 | SH |  | SOLE |  | 0 | 0 | 1221 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 588780 | 13607 | SH |  | SOLE |  | 0 | 0 | 13607 |
| VIRTUS EQUITY  CONV INCM FD | COM | 92841M101 |  | 5053941 | 211461 | SH |  | SOLE |  | 0 | 0 | 211461 |
| VISA INC | COM CL A | 92826C839 |  | 2700391 | 7606 | SH |  | SOLE |  | 0 | 0 | 7606 |
| WALMART INC | COM | 931142103 |  | 399972 | 4090 | SH |  | SOLE |  | 0 | 0 | 4090 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3294615 | 41121 | SH |  | SOLE |  | 0 | 0 | 41121 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2228425 | 86742 | SH |  | SOLE |  | 0 | 0 | 86742 |
| WINMARK CORP | COM | 974250102 |  | 981786 | 2600 | SH |  | SOLE |  | 0 | 0 | 2600 |

---