# EDGAR Filing Document

**Accession Number:** 0001598304
**File Stem:** 0001085146-23-001113
**Filing Date:** 2023-2
**Character Count:** 22115
**Document Hash:** 380e7f444177a5b1f11d954acfd51e25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001113.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001085146-23-001113

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GM Advisory Group, Inc.
- **CENTRAL INDEX KEY:** 0001598304
- **IRS NUMBER:** 201129571
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15726
- **FILM NUMBER:** 23618859

**BUSINESS ADDRESS:**
- **STREET 1:** 400 BROADHOLLOW ROAD
- **STREET 2:** SUITE 301
- **CITY:** MELVILLE
- **STATE:** NY
- **ZIP:** 11747
- **BUSINESS PHONE:** 631-227-3900

**MAIL ADDRESS:**
- **STREET 1:** 400 BROADHOLLOW ROAD
- **STREET 2:** SUITE 301
- **CITY:** MELVILLE
- **STATE:** NY
- **ZIP:** 11747

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** GM Advisory Group Inc.<br>**Address:** 400 BROADHOLLOW ROAD<br>SUITE 301<br>MELVILLE, NY 11747

**Form 13F File Number:** 028-15726

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:** Frank P Marzano<br>**Title:** Managing Principal<br>**Phone:** 631-227-3900

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

/s/ Frank P Marzano  Melville, NY  02-13-2023<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:** 170

**Form 13F Information Table Value Total:** $937450404

      (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 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 479335 | 2966 | SH |  | SOLE |  | 2966 | 0 | 0 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 | BBG001SCTFP8 | 439650 | 25166 | SH |  | SOLE |  | 25166 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 605727 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 448202 | 5088 | SH |  | SOLE |  | 5088 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 5957290 | 67520 | SH |  | SOLE |  | 67520 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 3113536 | 35090 | SH |  | SOLE |  | 35090 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 1201624 | 26288 | SH |  | SOLE |  | 26288 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 6957888 | 82832 | SH |  | SOLE |  | 82832 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 813342 | 8566 | SH |  | SOLE |  | 8566 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 9561198 | 64712 | SH |  | SOLE |  | 64712 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 640876 | 3025 | SH |  | SOLE |  | 3025 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 211950 | 807 | SH |  | SOLE |  | 807 | 0 | 0 |
| AMYRIS INC | COM NEW | 03236M200 | BBG001T20G05 | 26622 | 17400 | SH |  | SOLE |  | 17400 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 26559461 | 204414 | SH |  | SOLE |  | 204414 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 325108 | 595 | SH |  | SOLE |  | 595 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 1064896 | 57843 | SH |  | SOLE |  | 57843 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 494440 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 | BBG001SB2HG5 | 543421 | 3275 | SH |  | SOLE |  | 3275 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 3641676 | 109954 | SH |  | SOLE |  | 109954 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 937422 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 908166 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 | BBG001SK5462 | 108120 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2512735 | 4494 | SH |  | SOLE |  | 4494 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 | BBG001S7F4Z8 | 613727 | 8228 | SH |  | SOLE |  | 8228 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG001S7W158 | 2054152 | 13698 | SH |  | SOLE |  | 13698 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2297326 | 12799 | SH |  | SOLE |  | 12799 | 0 | 0 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 271647 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 709169 | 14886 | SH |  | SOLE |  | 14886 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 488000 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 781831 | 12291 | SH |  | SOLE |  | 12291 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 251434 | 7190 | SH |  | SOLE |  | 7190 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 532534 | 4513 | SH |  | SOLE |  | 4513 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 640514 | 1403 | SH |  | SOLE |  | 1403 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 | BBG001S7W5T3 | 274386 | 2023 | SH |  | SOLE |  | 2023 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 747384 | 8020 | SH |  | SOLE |  | 8020 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 882522 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 547316 | 16656 | SH |  | SOLE |  | 16656 | 0 | 0 |
| DEXCOM INC | COM | 252131107 | BBG001SKZG99 | 1949087 | 17212 | SH |  | SOLE |  | 17212 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1379394 | 15877 | SH |  | SOLE |  | 15877 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 268766 | 4383 | SH |  | SOLE |  | 4383 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG001S9B9J5 | 1715531 | 41368 | SH |  | SOLE |  | 41368 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 119911 | 10102 | SH |  | SOLE |  | 10102 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 1922774 | 79717 | SH |  | SOLE |  | 79717 | 0 | 0 |
| EXPENSIFY INC | COM CL A | 30219Q106 | BBG009PWV0M3 | 392776 | 44482 | SH |  | SOLE |  | 44482 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 6747492 | 61174 | SH |  | SOLE |  | 61174 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 634778 | 3665 | SH |  | SOLE |  | 3665 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 | BBG006H1W526 | 4322548 | 86261 | SH |  | SOLE |  | 86261 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 | BBG001S5TZ33 | 269874 | 23205 | SH |  | SOLE |  | 23205 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 1062856 | 31595 | SH |  | SOLE |  | 31595 | 0 | 0 |
| GLOBALSTAR INC | COM | 378973408 | BBG001SPN4X1 | 13300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GOLDMINING INC | COM | 38149E101 | BBG001V0D2W8 | 11367 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 | BBG001S5RVC4 | 304692 | 1983 | SH |  | SOLE |  | 1983 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 901281 | 2853 | SH |  | SOLE |  | 2853 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1757126 | 8199 | SH |  | SOLE |  | 8199 | 0 | 0 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 516791 | 19233 | SH |  | SOLE |  | 19233 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 | BBG001S5NBT4 | 295316 | 5831 | SH |  | SOLE |  | 5831 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 207079 | 7835 | SH |  | SOLE |  | 7835 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 551404 | 3914 | SH |  | SOLE |  | 3914 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 1263408 | 3246 | SH |  | SOLE |  | 3246 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 960832 | 3621 | SH |  | SOLE |  | 3621 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 | BBG007HL81B6 | 20005573 | 1353557 | SH |  | SOLE |  | 1353557 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 522201 | 3697 | SH |  | SOLE |  | 3697 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 629008 | 2362 | SH |  | SOLE |  | 2362 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 | BBG001SCQ2X1 | 301642 | 6051 | SH |  | SOLE |  | 6051 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 57031854 | 1648796 | SH |  | SOLE |  | 1648796 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 | BBG00TZR7YF0 | 58218584 | 581372 | SH |  | SOLE |  | 581372 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 65242067 | 803771 | SH |  | SOLE |  | 803771 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 275161 | 4464 | SH |  | SOLE |  | 4464 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 | BBG003H6TMV7 | 245990 | 4250 | SH |  | SOLE |  | 4250 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 466364 | 1928 | SH |  | SOLE |  | 1928 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 3706184 | 43705 | SH |  | SOLE |  | 43705 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 | BBG001SFQL99 | 434583 | 5331 | SH |  | SOLE |  | 5331 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 3689184 | 9602 | SH |  | SOLE |  | 9602 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 9553761 | 98503 | SH |  | SOLE |  | 98503 | 0 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 | BBG001SHHYT5 | 2414440 | 8623 | SH |  | SOLE |  | 8623 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | BBG001SJ8F58 | 6737939 | 19363 | SH |  | SOLE |  | 19363 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 253791 | 2990 | SH |  | SOLE |  | 2990 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 | BBG001S56R18 | 18588629 | 408541 | SH |  | SOLE |  | 408541 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 357607 | 5448 | SH |  | SOLE |  | 5448 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 3220241 | 15031 | SH |  | SOLE |  | 15031 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 406580 | 2932 | SH |  | SOLE |  | 2932 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 444085 | 2547 | SH |  | SOLE |  | 2547 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG001SFC7Z6 | 25483190 | 115476 | SH |  | SOLE |  | 115476 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 273137 | 4669 | SH |  | SOLE |  | 4669 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 | BBG001SSD803 | 88553809 | 805621 | SH |  | SOLE |  | 805621 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2325951 | 13167 | SH |  | SOLE |  | 13167 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 4172477 | 31115 | SH |  | SOLE |  | 31115 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 1739616 | 4614 | SH |  | SOLE |  | 4614 | 0 | 0 |
| KRANESHARES TR | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 604021 | 20001 | SH |  | SOLE |  | 20001 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 1090146 | 4394 | SH |  | SOLE |  | 4394 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 4110578 | 11236 | SH |  | SOLE |  | 11236 | 0 | 0 |
| LISTED FD TR | ROUNDHILL BALL | 53656F417 | BBG011J1MP12 | 1960864 | 273101 | SH |  | SOLE |  | 273101 | 0 | 0 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 | BBG001SDX252 | 28600 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 238291 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 | BBG00W7F99W4 | 752625 | 110194 | SH |  | SOLE |  | 110194 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG001STBM75 | 674080 | 2104 | SH |  | SOLE |  | 2104 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 302873 | 871 | SH |  | SOLE |  | 871 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 411107 | 1560 | SH |  | SOLE |  | 1560 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1080098 | 9735 | SH |  | SOLE |  | 9735 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1715326 | 14254 | SH |  | SOLE |  | 14254 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 440862 | 305 | SH |  | SOLE |  | 305 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 8227204 | 34306 | SH |  | SOLE |  | 34306 | 0 | 0 |
| MODERNA INC | COM | 60770K107 | BBG003PHHZV8 | 301941 | 1681 | SH |  | SOLE |  | 1681 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 1109911 | 25300 | SH |  | SOLE |  | 25300 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 720982 | 2445 | SH |  | SOLE |  | 2445 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 749239 | 8962 | SH |  | SOLE |  | 8962 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 1102117 | 9419 | SH |  | SOLE |  | 9419 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 261944 | 1063 | SH |  | SOLE |  | 1063 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 | BBG001S5TRG7 | 514392 | 5813 | SH |  | SOLE |  | 5813 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 3988062 | 27289 | SH |  | SOLE |  | 27289 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 237598 | 3772 | SH |  | SOLE |  | 3772 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 853039 | 10436 | SH |  | SOLE |  | 10436 | 0 | 0 |
| P3 HEALTH PARTNERS INC | COM CL A | 744413105 | BBG00YVGXT50 | 36800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 369774 | 5192 | SH |  | SOLE |  | 5192 | 0 | 0 |
| PDC ENERGY INC | COM | 69327R101 | BBG001S5V439 | 2231576 | 35154 | SH |  | SOLE |  | 35154 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1033533 | 20170 | SH |  | SOLE |  | 20170 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 1757309 | 17363 | SH |  | SOLE |  | 17363 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 | BBG002N12C17 | 9245559 | 102183 | SH |  | SOLE |  | 102183 | 0 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 | BBG001T618D9 | 487824 | 4945 | SH |  | SOLE |  | 4945 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 2286283 | 15085 | SH |  | SOLE |  | 15085 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 329270 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| REPAY HLDGS CORP | COM CL A | 76029L100 | BBG00LFVTCC7 | 758841 | 94266 | SH |  | SOLE |  | 94266 | 0 | 0 |
| RESMED INC | COM | 761152107 | BBG001SBGRC2 | 471623 | 2266 | SH |  | SOLE |  | 2266 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 971996 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 717701 | 13425 | SH |  | SOLE |  | 13425 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 445922 | 3583 | SH |  | SOLE |  | 3583 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 2676081 | 46990 | SH |  | SOLE |  | 46990 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 | BBG004DW5NC7 | 254459 | 7331 | SH |  | SOLE |  | 7331 | 0 | 0 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 | BBG001S70ZY6 | 146018 | 25003 | SH |  | SOLE |  | 25003 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 764059 | 4504 | SH |  | SOLE |  | 4504 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 14717169 | 495694 | SH |  | SOLE |  | 495694 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 10147683 | 26535 | SH |  | SOLE |  | 26535 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 654673 | 1479 | SH |  | SOLE |  | 1479 | 0 | 0 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 39959464 | 436859 | SH |  | SOLE |  | 436859 | 0 | 0 |
| SPDR SER TR | PORTFLI INTRMDIT | 78464A672 | BBG001STKCX8 | 7556770 | 267591 | SH |  | SOLE |  | 267591 | 0 | 0 |
| SPDR SER TR | PORTFOLI S | 78464A805 | BBG001SG6843 | 28564612 | 604031 | SH |  | SOLE |  | 604031 | 0 | 0 |
| SPDR SER TR | PORTFOLIO AGRGTE | 78464A649 | BBG001STKD11 | 45708634 | 1818887 | SH |  | SOLE |  | 1818887 | 0 | 0 |
| SPDR SER TR | PORTFOLIO LN TSR | 78464A664 | BBG001STKCY7 | 40612436 | 1398982 | SH |  | SOLE |  | 1398982 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 92385731 | 2053929 | SH |  | SOLE |  | 2053929 | 0 | 0 |
| SPDR SER TR | PORTFOLIO SH TSR | 78468R101 | BBG0029J2KF1 | 52190604 | 1806528 | SH |  | SOLE |  | 1806528 | 0 | 0 |
| SPDR SER TR | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 803416 | 15856 | SH |  | SOLE |  | 15856 | 0 | 0 |
| SPDR SER TR | S BK ETF | 78464A797 | BBG001SPTB32 | 926704 | 20525 | SH |  | SOLE |  | 20525 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 | BBG00MRHG532 | 316928 | 1716 | SH |  | SOLE |  | 1716 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 305341 | 3994 | SH |  | SOLE |  | 3994 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 750636 | 10077 | SH |  | SOLE |  | 10077 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 278556 | 1869 | SH |  | SOLE |  | 1869 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1905471 | 15469 | SH |  | SOLE |  | 15469 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1045760 | 1899 | SH |  | SOLE |  | 1899 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 290253 | 3646 | SH |  | SOLE |  | 3646 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 640705 | 25908 | SH |  | SOLE |  | 25908 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 3789147 | 8078 | SH |  | SOLE |  | 8078 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1499094 | 7240 | SH |  | SOLE |  | 7240 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 601486 | 3460 | SH |  | SOLE |  | 3460 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 5181795 | 9774 | SH |  | SOLE |  | 9774 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 | BBG001TC6MF8 | 2709258 | 12844 | SH |  | SOLE |  | 12844 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 4264253 | 12137 | SH |  | SOLE |  | 12137 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 30615137 | 160129 | SH |  | SOLE |  | 160129 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 302665 | 2156 | SH |  | SOLE |  | 2156 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 220744 | 5663 | SH |  | SOLE |  | 5663 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 4007251 | 53295 | SH |  | SOLE |  | 53295 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 614233 | 4045 | SH |  | SOLE |  | 4045 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 327768 | 3029 | SH |  | SOLE |  | 3029 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 485960 | 12334 | SH |  | SOLE |  | 12334 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1834105 | 8828 | SH |  | SOLE |  | 8828 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 233386 | 1646 | SH |  | SOLE |  | 1646 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 695654 | 16848 | SH |  | SOLE |  | 16848 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 | BBG001SHL7K8 | 836710 | 13506 | SH |  | SOLE |  | 13506 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP FUND | 97717W588 | BBG001SSZB57 | 997294 | 23985 | SH |  | SOLE |  | 23985 | 0 | 0 |
| WISDOMTREE TR | YIELD ENHANCD US | 97717X511 | BBG009KCY2C6 | 248832 | 5834 | SH |  | SOLE |  | 5834 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 256900 | 2006 | SH |  | SOLE |  | 2006 | 0 | 0 |

---