# EDGAR Filing Document

**Accession Number:** 0002020860
**File Stem:** 0001667731-25-000842
**Filing Date:** 2025-7
**Character Count:** 25366
**Document Hash:** 030bcb8b4639424333ad21f0dcaae838
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-000842.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001667731-25-000842

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250716

**EFFECTIVENESS DATE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Embree Financial Group
- **CENTRAL INDEX KEY:** 0002020860

**ORGANIZATION NAME:**
- **EIN:** 363983748
- **STATE OF INCORPORATION:** IL

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24082
- **FILM NUMBER:** 251126731

**BUSINESS ADDRESS:**
- **STREET 1:** 440 N WELLS STREET
- **STREET 2:** SUITE 530
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** 3125275565

**MAIL ADDRESS:**
- **STREET 1:** 440 N WELLS STREET
- **STREET 2:** SUITE 530
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654

### 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:** Embree Financial Group<br>**Address:** 440 N Wells Street<br>Suite 530<br>Chicago, IL 60654

**Form 13F File Number:** 028-24082

**CRD Number (if applicable):** 000108233

**SEC File Number (if applicable):** 801-63489

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:** James J. Karabas<br>**Title:** Chief Compliance Officer<br>**Phone:** 312-527-5565

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

/s/ James J. Karabas  Chicago, IL  07-16-2025<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:** 216

**Form 13F Information Table Value Total:** $664172531

      (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 |
| AB ACTIVE ETFS INC | DISRUPTORS ETF | 00039J509 |  | 4996304 | 55688 | SH |  | SOLE |  | 0 | 0 | 55688 |
| ABBOTT LABS | COM | 002824100 |  | 3757352 | 27626 | SH |  | SOLE |  | 0 | 0 | 27626 |
| ABBVIE INC | COM | 00287Y109 |  | 3751689 | 20212 | SH |  | SOLE |  | 0 | 0 | 20212 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 702392 | 2350 | SH |  | SOLE |  | 0 | 0 | 2350 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 233568 | 1646 | SH |  | SOLE |  | 0 | 0 | 1646 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 209277 | 742 | SH |  | SOLE |  | 0 | 0 | 742 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11201965 | 63564 | SH |  | SOLE |  | 0 | 0 | 63564 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2799657 | 15782 | SH |  | SOLE |  | 0 | 0 | 15782 |
| AMAZON COM INC | COM | 023135106 |  | 7628307 | 34771 | SH |  | SOLE |  | 0 | 0 | 34771 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1083546 | 3397 | SH |  | SOLE |  | 0 | 0 | 3397 |
| AMPLIFY ETF TR | CWP INTL ENHANCE | 032108722 |  | 291970 | 8497 | SH |  | SOLE |  | 0 | 0 | 8497 |
| APPLE INC | COM | 037833100 |  | 27690387 | 134963 | SH |  | SOLE |  | 0 | 0 | 134963 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 327495 | 3201 | SH |  | SOLE |  | 0 | 0 | 3201 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 211761 | 687 | SH |  | SOLE |  | 0 | 0 | 687 |
| BANK AMERICA CORP | COM | 060505104 |  | 331240 | 7000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 4340747 | 91732 | SH |  | SOLE |  | 0 | 0 | 91732 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11590958 | 23861 | SH |  | SOLE |  | 0 | 0 | 23861 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 3039943 | 51885 | SH |  | SOLE |  | 0 | 0 | 51885 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 1969317 | 36161 | SH |  | SOLE |  | 0 | 0 | 36161 |
| BLACKROCK ETF TRUST | ISHARES ADVANTAG | 09290C863 |  | 213366 | 7086 | SH |  | SOLE |  | 0 | 0 | 7086 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 249559 | 7014 | SH |  | SOLE |  | 0 | 0 | 7014 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 3614476 | 68404 | SH |  | SOLE |  | 0 | 0 | 68404 |
| BLACKROCK INC | COM | 09290D101 |  | 5443499 | 5188 | SH |  | SOLE |  | 0 | 0 | 5188 |
| BLACKSTONE INC | COM | 09260D107 |  | 9615656 | 64284 | SH |  | SOLE |  | 0 | 0 | 64284 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 5719868 | 186012 | SH |  | SOLE |  | 0 | 0 | 186012 |
| BOEING CO | COM | 097023105 |  | 265067 | 1265 | SH |  | SOLE |  | 0 | 0 | 1265 |
| BROADCOM INC | COM | 11135F101 |  | 603445 | 2189 | SH |  | SOLE |  | 0 | 0 | 2189 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 467410 | 14620 | SH |  | SOLE |  | 0 | 0 | 14620 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 238941 | 3265 | SH |  | SOLE |  | 0 | 0 | 3265 |
| CATERPILLAR INC | COM | 149123101 |  | 317325 | 817 | SH |  | SOLE |  | 0 | 0 | 817 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 6589008 | 28254 | SH |  | SOLE |  | 0 | 0 | 28254 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1449421 | 10122 | SH |  | SOLE |  | 0 | 0 | 10122 |
| CHIMERA INVT CORP | COM SHS | 16934Q802 |  | 169423 | 12215 | SH |  | SOLE |  | 0 | 0 | 12215 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 335160 | 5969 | SH |  | SOLE |  | 0 | 0 | 5969 |
| CISCO SYS INC | COM | 17275R102 |  | 4254954 | 61328 | SH |  | SOLE |  | 0 | 0 | 61328 |
| CITIGROUP INC | COM NEW | 172967424 |  | 331588 | 3896 | SH |  | SOLE |  | 0 | 0 | 3896 |
| CME GROUP INC | COM | 12572Q105 |  | 13288907 | 48215 | SH |  | SOLE |  | 0 | 0 | 48215 |
| COCA COLA CO | COM | 191216100 |  | 698434 | 9872 | SH |  | SOLE |  | 0 | 0 | 9872 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1974409 | 55321 | SH |  | SOLE |  | 0 | 0 | 55321 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 601216 | 1863 | SH |  | SOLE |  | 0 | 0 | 1863 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1085790 | 1097 | SH |  | SOLE |  | 0 | 0 | 1097 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 244469 | 480 | SH |  | SOLE |  | 0 | 0 | 480 |
| CSX CORP | COM | 126408103 |  | 682622 | 20920 | SH |  | SOLE |  | 0 | 0 | 20920 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 353936 | 1624 | SH |  | SOLE |  | 0 | 0 | 1624 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 16545468 | 378182 | SH |  | SOLE |  | 0 | 0 | 378182 |
| DEERE  CO | COM | 244199105 |  | 3352332 | 6593 | SH |  | SOLE |  | 0 | 0 | 6593 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 2847581 | 44696 | SH |  | SOLE |  | 0 | 0 | 44696 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 8233805 | 192244 | SH |  | SOLE |  | 0 | 0 | 192244 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 6232742 | 147416 | SH |  | SOLE |  | 0 | 0 | 147416 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 245039 | 6837 | SH |  | SOLE |  | 0 | 0 | 6837 |
| DISNEY WALT CO | COM | 254687106 |  | 381623 | 3077 | SH |  | SOLE |  | 0 | 0 | 3077 |
| DISNEY WALT CO | COM | 254687106 |  | 24802 | 200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 277025 | 776 | SH |  | SOLE |  | 0 | 0 | 776 |
| ELI LILLY  CO | COM | 532457108 |  | 651499 | 836 | SH |  | SOLE |  | 0 | 0 | 836 |
| EMERSON ELEC CO | COM | 291011104 |  | 223359 | 1675 | SH |  | SOLE |  | 0 | 0 | 1675 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3381452 | 31368 | SH |  | SOLE |  | 0 | 0 | 31368 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 369244 | 6587 | SH |  | SOLE |  | 0 | 0 | 6587 |
| FISERV INC | COM | 337738108 |  | 1747376 | 10135 | SH |  | SOLE |  | 0 | 0 | 10135 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN DYN MUN | 35473P868 |  | 658848 | 27158 | SH |  | SOLE |  | 0 | 0 | 27158 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 227385 | 710 | SH |  | SOLE |  | 0 | 0 | 710 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1939770 | 6651 | SH |  | SOLE |  | 0 | 0 | 6651 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 1049105 | 16743 | SH |  | SOLE |  | 0 | 0 | 16743 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 337018 | 7733 | SH |  | SOLE |  | 0 | 0 | 7733 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1036037 | 1464 | SH |  | SOLE |  | 0 | 0 | 1464 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 983774 | 11597 | SH |  | SOLE |  | 0 | 0 | 11597 |
| HARBOR ETF TRUST | INTERNATNAL COMP | 41151J885 |  | 3294656 | 112561 | SH |  | SOLE |  | 0 | 0 | 112561 |
| HEICO CORP NEW | COM | 422806109 |  | 1320493 | 4026 | SH |  | SOLE |  | 0 | 0 | 4026 |
| HOME DEPOT INC | COM | 437076102 |  | 351884 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| HONEYWELL INTL INC | COM | 438516106 |  | 658375 | 2827 | SH |  | SOLE |  | 0 | 0 | 2827 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 937202 | 5108 | SH |  | SOLE |  | 0 | 0 | 5108 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 459891 | 1560 | SH |  | SOLE |  | 0 | 0 | 1560 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 220625 | 406 | SH |  | SOLE |  | 0 | 0 | 406 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 921529 | 4058 | SH |  | SOLE |  | 0 | 0 | 4058 |
| INVESCO EXCH TRADED FD TR II | GLOBAL EX US HGH | 46138E669 |  | 800825 | 40303 | SH |  | SOLE |  | 0 | 0 | 40303 |
| INVESCO EXCH TRADED FD TR II | S INTL MOMNT | 46138E222 |  | 1987244 | 38783 | SH |  | SOLE |  | 0 | 0 | 38783 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 370430 | 2038 | SH |  | SOLE |  | 0 | 0 | 2038 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 287133 | 5511 | SH |  | SOLE |  | 0 | 0 | 5511 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 65113577 | 118036 | SH |  | SOLE |  | 0 | 0 | 118036 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 12242 | 200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 417085 | 6814 | SH |  | SOLE |  | 0 | 0 | 6814 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 348531 | 5589 | SH |  | SOLE |  | 0 | 0 | 5589 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 292596 | 3903 | SH |  | SOLE |  | 0 | 0 | 3903 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 2564279 | 22895 | SH |  | SOLE |  | 0 | 0 | 22895 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 3608057 | 58176 | SH |  | SOLE |  | 0 | 0 | 58176 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 244902 | 2303 | SH |  | SOLE |  | 0 | 0 | 2303 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 10654409 | 97487 | SH |  | SOLE |  | 0 | 0 | 97487 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 267598 | 5283 | SH |  | SOLE |  | 0 | 0 | 5283 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2116913 | 23682 | SH |  | SOLE |  | 0 | 0 | 23682 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 920128 | 8357 | SH |  | SOLE |  | 0 | 0 | 8357 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 2041360 | 21540 | SH |  | SOLE |  | 0 | 0 | 21540 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1647495 | 19735 | SH |  | SOLE |  | 0 | 0 | 19735 |
| ISHARES TR | EXPONENTIAL TECH | 46434V381 |  | 262520 | 4023 | SH |  | SOLE |  | 0 | 0 | 4023 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 391712 | 5390 | SH |  | SOLE |  | 0 | 0 | 5390 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 829839 | 7387 | SH |  | SOLE |  | 0 | 0 | 7387 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 281208 | 1303 | SH |  | SOLE |  | 0 | 0 | 1303 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 762922 | 3904 | SH |  | SOLE |  | 0 | 0 | 3904 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 354768 | 4589 | SH |  | SOLE |  | 0 | 0 | 4589 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 450965 | 2859 | SH |  | SOLE |  | 0 | 0 | 2859 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 225242 | 2057 | SH |  | SOLE |  | 0 | 0 | 2057 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 655776 | 3587 | SH |  | SOLE |  | 0 | 0 | 3587 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 4470596 | 38155 | SH |  | SOLE |  | 0 | 0 | 38155 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5838410 | 9403 | SH |  | SOLE |  | 0 | 0 | 9403 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 633421 | 13131 | SH |  | SOLE |  | 0 | 0 | 13131 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 303916 | 895 | SH |  | SOLE |  | 0 | 0 | 895 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 6602215 | 15550 | SH |  | SOLE |  | 0 | 0 | 15550 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 1098271 | 12072 | SH |  | SOLE |  | 0 | 0 | 12072 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 25185809 | 71754 | SH |  | SOLE |  | 0 | 0 | 71754 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1109482 | 5712 | SH |  | SOLE |  | 0 | 0 | 5712 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 333845 | 1168 | SH |  | SOLE |  | 0 | 0 | 1168 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1160753 | 8740 | SH |  | SOLE |  | 0 | 0 | 8740 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 1113064 | 21782 | SH |  | SOLE |  | 0 | 0 | 21782 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 406569 | 7152 | SH |  | SOLE |  | 0 | 0 | 7152 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 1669242 | 35470 | SH |  | SOLE |  | 0 | 0 | 35470 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3206665 | 20993 | SH |  | SOLE |  | 0 | 0 | 20993 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 13914635 | 47996 | SH |  | SOLE |  | 0 | 0 | 47996 |
| LINDE PLC | SHS | G54950103 |  | 209845 | 447 | SH |  | SOLE |  | 0 | 0 | 447 |
| LITTELFUSE INC | COM | 537008104 |  | 219763 | 969 | SH |  | SOLE |  | 0 | 0 | 969 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 205744 | 444 | SH |  | SOLE |  | 0 | 0 | 444 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 621029 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| MCDONALDS CORP | COM | 580135101 |  | 1911609 | 6543 | SH |  | SOLE |  | 0 | 0 | 6543 |
| MERCK  CO INC | COM | 58933Y105 |  | 448919 | 5671 | SH |  | SOLE |  | 0 | 0 | 5671 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1576346 | 2136 | SH |  | SOLE |  | 0 | 0 | 2136 |
| MICROSOFT CORP | COM | 594918104 |  | 26532096 | 53340 | SH |  | SOLE |  | 0 | 0 | 53340 |
| NETFLIX INC | COM | 64110L106 |  | 780713 | 583 | SH |  | SOLE |  | 0 | 0 | 583 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 312211 | 4497 | SH |  | SOLE |  | 0 | 0 | 4497 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 568104 | 8231 | SH |  | SOLE |  | 0 | 0 | 8231 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14355816 | 90865 | SH |  | SOLE |  | 0 | 0 | 90865 |
| ORACLE CORP | COM | 68389X105 |  | 617986 | 2827 | SH |  | SOLE |  | 0 | 0 | 2827 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 3320756 | 24360 | SH |  | SOLE |  | 0 | 0 | 24360 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 233290 | 1140 | SH |  | SOLE |  | 0 | 0 | 1140 |
| PEPSICO INC | COM | 713448108 |  | 432216 | 3273 | SH |  | SOLE |  | 0 | 0 | 3273 |
| PFIZER INC | COM | 717081103 |  | 298013 | 12294 | SH |  | SOLE |  | 0 | 0 | 12294 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 8811803 | 177086 | SH |  | SOLE |  | 0 | 0 | 177086 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1934008 | 12139 | SH |  | SOLE |  | 0 | 0 | 12139 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 208240 | 15200 | SH |  | SOLE |  | 0 | 0 | 15200 |
| PUTNAM ETF TRUST | FOCUSED LAR CAP | 746729300 |  | 11143771 | 277002 | SH |  | SOLE |  | 0 | 0 | 277002 |
| QUALCOMM INC | COM | 747525103 |  | 266835 | 1675 | SH |  | SOLE |  | 0 | 0 | 1675 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 968293 | 3926 | SH |  | SOLE |  | 0 | 0 | 3926 |
| RTX CORPORATION | COM | 75513E101 |  | 1462335 | 10015 | SH |  | SOLE |  | 0 | 0 | 10015 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 5555599 | 81712 | SH |  | SOLE |  | 0 | 0 | 81712 |
| S GLOBAL INC | COM | 78409V104 |  | 543827 | 1031 | SH |  | SOLE |  | 0 | 0 | 1031 |
| SALESFORCE INC | COM | 79466L302 |  | 1598516 | 5862 | SH |  | SOLE |  | 0 | 0 | 5862 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1507501 | 16522 | SH |  | SOLE |  | 0 | 0 | 16522 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3690219 | 145858 | SH |  | SOLE |  | 0 | 0 | 145858 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 417604 | 17017 | SH |  | SOLE |  | 0 | 0 | 17017 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 4163378 | 142533 | SH |  | SOLE |  | 0 | 0 | 142533 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 2849218 | 128924 | SH |  | SOLE |  | 0 | 0 | 128924 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 4609630 | 166593 | SH |  | SOLE |  | 0 | 0 | 166593 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 367046 | 17346 | SH |  | SOLE |  | 0 | 0 | 17346 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 636090 | 19270 | SH |  | SOLE |  | 0 | 0 | 19270 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 2335080 | 77474 | SH |  | SOLE |  | 0 | 0 | 77474 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 2074352 | 48705 | SH |  | SOLE |  | 0 | 0 | 48705 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 8233963 | 345529 | SH |  | SOLE |  | 0 | 0 | 345529 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1747615 | 65948 | SH |  | SOLE |  | 0 | 0 | 65948 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 563093 | 24229 | SH |  | SOLE |  | 0 | 0 | 24229 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 42672513 | 1746011 | SH |  | SOLE |  | 0 | 0 | 1746011 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1624909 | 57929 | SH |  | SOLE |  | 0 | 0 | 57929 |
| SCHWAB STRATEGIC TR | INTERNL DIVID | 808524672 |  | 1245633 | 45544 | SH |  | SOLE |  | 0 | 0 | 45544 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 684059 | 13062 | SH |  | SOLE |  | 0 | 0 | 13062 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 4762613 | 35334 | SH |  | SOLE |  | 0 | 0 | 35334 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 768945 | 3037 | SH |  | SOLE |  | 0 | 0 | 3037 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1574899 | 18570 | SH |  | SOLE |  | 0 | 0 | 18570 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 277648 | 2407 | SH |  | SOLE |  | 0 | 0 | 2407 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 373209 | 2322 | SH |  | SOLE |  | 0 | 0 | 2322 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1897325 | 4306 | SH |  | SOLE |  | 0 | 0 | 4306 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1001062 | 3284 | SH |  | SOLE |  | 0 | 0 | 3284 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 58342950 | 94429 | SH |  | SOLE |  | 0 | 0 | 94429 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 1760001 | 3107 | SH |  | SOLE |  | 0 | 0 | 3107 |
| SPDR SERIES TRUST | S 400 MDCP VAL | 78464A839 |  | 210616 | 2652 | SH |  | SOLE |  | 0 | 0 | 2652 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 1005677 | 13835 | SH |  | SOLE |  | 0 | 0 | 13835 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 679908 | 12990 | SH |  | SOLE |  | 0 | 0 | 12990 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 273156 | 3294 | SH |  | SOLE |  | 0 | 0 | 3294 |
| SPDR SERIES TRUST | S 400 MDCP GRW | 78464A821 |  | 208682 | 2402 | SH |  | SOLE |  | 0 | 0 | 2402 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 |  | 622162 | 6257 | SH |  | SOLE |  | 0 | 0 | 6257 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 347916 | 4209 | SH |  | SOLE |  | 0 | 0 | 4209 |
| STRYKER CORPORATION | COM | 863667101 |  | 224244 | 567 | SH |  | SOLE |  | 0 | 0 | 567 |
| TELA BIO INC | COM | 872381108 |  | 27160 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| TESLA INC | COM | 88160R101 |  | 434242 | 1367 | SH |  | SOLE |  | 0 | 0 | 1367 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 286928 | 4691 | SH |  | SOLE |  | 0 | 0 | 4691 |
| UNION PAC CORP | COM | 907818108 |  | 479181 | 2083 | SH |  | SOLE |  | 0 | 0 | 2083 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 449807 | 3346 | SH |  | SOLE |  | 0 | 0 | 3346 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 306294 | 2918 | SH |  | SOLE |  | 0 | 0 | 2918 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 GRTH | 921932869 |  | 752626 | 6659 | SH |  | SOLE |  | 0 | 0 | 6659 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1536690 | 8695 | SH |  | SOLE |  | 0 | 0 | 8695 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 748152 | 2622 | SH |  | SOLE |  | 0 | 0 | 2622 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 341723 | 2078 | SH |  | SOLE |  | 0 | 0 | 2078 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3962588 | 13038 | SH |  | SOLE |  | 0 | 0 | 13038 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 8603773 | 15147 | SH |  | SOLE |  | 0 | 0 | 15147 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 3433587 | 7832 | SH |  | SOLE |  | 0 | 0 | 7832 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 296036 | 3324 | SH |  | SOLE |  | 0 | 0 | 3324 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 766801 | 3932 | SH |  | SOLE |  | 0 | 0 | 3932 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 289727 | 1035 | SH |  | SOLE |  | 0 | 0 | 1035 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2085340 | 8800 | SH |  | SOLE |  | 0 | 0 | 8800 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 320205 | 2491 | SH |  | SOLE |  | 0 | 0 | 2491 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 372225 | 7405 | SH |  | SOLE |  | 0 | 0 | 7405 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 656071 | 13381 | SH |  | SOLE |  | 0 | 0 | 13381 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 2068388 | 24274 | SH |  | SOLE |  | 0 | 0 | 24274 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 2692086 | 9870 | SH |  | SOLE |  | 0 | 0 | 9870 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000GRW | 92206C623 |  | 320627 | 1538 | SH |  | SOLE |  | 0 | 0 | 1538 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1505113 | 25606 | SH |  | SOLE |  | 0 | 0 | 25606 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 2017078 | 18471 | SH |  | SOLE |  | 0 | 0 | 18471 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 273218 | 3133 | SH |  | SOLE |  | 0 | 0 | 3133 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 3756511 | 18354 | SH |  | SOLE |  | 0 | 0 | 18354 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 247041 | 3576 | SH |  | SOLE |  | 0 | 0 | 3576 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 344696 | 6046 | SH |  | SOLE |  | 0 | 0 | 6046 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 6093949 | 45713 | SH |  | SOLE |  | 0 | 0 | 45713 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 689380 | 3065 | SH |  | SOLE |  | 0 | 0 | 3065 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 1544298 | 2328 | SH |  | SOLE |  | 0 | 0 | 2328 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 585888 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1461699 | 5886 | SH |  | SOLE |  | 0 | 0 | 5886 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 3085788 | 87292 | SH |  | SOLE |  | 0 | 0 | 87292 |
| VISA INC | COM CL A | 92826C839 |  | 430237 | 1212 | SH |  | SOLE |  | 0 | 0 | 1212 |
| WALMART INC | COM | 931142103 |  | 1446922 | 14798 | SH |  | SOLE |  | 0 | 0 | 14798 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 256720 | 3204 | SH |  | SOLE |  | 0 | 0 | 3204 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 1153002 | 22918 | SH |  | SOLE |  | 0 | 0 | 22918 |
| XPO INC | COM | 983793100 |  | 327723 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |

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