# EDGAR Filing Document

**Accession Number:** 0002060663
**File Stem:** 0001951757-25-001062
**Filing Date:** 2025-8
**Character Count:** 19246
**Document Hash:** b4e5a9cc8a1cd4bc4465c4c286d392dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001062.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001951757-25-001062

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TABLEAUX LLC
- **CENTRAL INDEX KEY:** 0002060663

**ORGANIZATION NAME:**
- **EIN:** 882871013
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25459
- **FILM NUMBER:** 251205409

**BUSINESS ADDRESS:**
- **STREET 1:** 5 CHURCH STREET
- **CITY:** STOCKBRIDGE
- **STATE:** MA
- **ZIP:** 01262
- **BUSINESS PHONE:** 413-264-2400

**MAIL ADDRESS:**
- **STREET 1:** 5 CHURCH STREET
- **CITY:** STOCKBRIDGE
- **STATE:** MA
- **ZIP:** 01262

### 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:** TABLEAUX LLC<br>**Address:** 5 CHURCH STREET<br>STOCKBRIDGE, MA 01262

**Form 13F File Number:** 028-25459

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:** Matthew Chester<br>**Title:** Chief Compliance Officer<br>**Phone:** 413-264-2400

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

Matthew Chester  Stockbridge, MA  08-12-2025<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:** 157

**Form 13F Information Table Value Total:** $164791836

      (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 |  | 1910078 | 35719 | SH |  | SOLE |  | 35719 | 0 | 0 |
| AB ACTIVE ETFS INC | US LARGE CAP STR | 00039J707 |  | 265525 | 6340 | SH |  | SOLE |  | 6340 | 0 | 0 |
| AB ACTIVE ETFS INC | INTL LOW VOLATLT | 00039J822 |  | 1752342 | 32840 | SH |  | SOLE |  | 32840 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 200432 | 5402 | SH |  | SOLE |  | 5402 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1586322 | 25196 | SH |  | SOLE |  | 25196 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 467949 | 634 | SH |  | SOLE |  | 634 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 468534 | 4669 | SH |  | SOLE |  | 4669 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1103485 | 33870 | SH |  | SOLE |  | 33870 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 1353157 | 3397 | SH |  | SOLE |  | 3397 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 1435308 | 51261 | SH |  | SOLE |  | 51261 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 5719469 | 33009 | SH |  | SOLE |  | 33009 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 300458 | 1090 | SH |  | SOLE |  | 1090 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 680935 | 2689 | SH |  | SOLE |  | 2689 | 0 | 0 |
| BLACKBERRY LTD | COM | 09228F103 |  | 781041 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| BLACKROCK ENHANCED LARGE CAP | COM | 09256A109 |  | 3148981 | 59685 | SH |  | SOLE |  | 59685 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 356012 | 60665 | SH |  | SOLE |  | 60665 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 1522160 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 340236 | 8333 | SH |  | SOLE |  | 8333 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 1894839 | 12611 | SH |  | SOLE |  | 12611 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1396646 | 47360 | SH |  | SOLE |  | 47360 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 1634188 | 40462 | SH |  | SOLE |  | 40462 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 204611 | 1518 | SH |  | SOLE |  | 1518 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1029657 | 19535 | SH |  | SOLE |  | 19535 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 264046 | 4030 | SH |  | SOLE |  | 4030 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1093472 | 21835 | SH |  | SOLE |  | 21835 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 254416 | 11095 | SH |  | SOLE |  | 11095 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 231692 | 9918 | SH |  | SOLE |  | 9918 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 489316 | 8730 | SH |  | SOLE |  | 8730 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 240637 | 9336 | SH |  | SOLE |  | 9336 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL EX US COR | 25434V575 |  | 23980 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 261968 | 10159 | SH |  | SOLE |  | 10159 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 24416 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 222774 | 7733 | SH |  | SOLE |  | 7733 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US REAL ESTATE E | 25434V823 |  | 321400 | 11011 | SH |  | SOLE |  | 11011 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 570437 | 19280 | SH |  | SOLE |  | 19280 | 0 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 483280 | 1667 | SH |  | SOLE |  | 1667 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 891953 | 10593 | SH |  | SOLE |  | 10593 | 0 | 0 |
| EA SERIES TRUST | FREEDOM 100 EM | 02072L607 |  | 15002 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 337320 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 468416 | 3990 | SH |  | SOLE |  | 3990 | 0 | 0 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 |  | 303004 | 5922 | SH |  | SOLE |  | 5922 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 910212 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| EVENTBRITE INC | COM CL A | 29975E109 |  | 313851 | 13251 | SH |  | SOLE |  | 13251 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 238585 | 10424 | SH |  | SOLE |  | 10424 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 326028 | 10358 | SH |  | SOLE |  | 10358 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1559568 | 43205 | SH |  | SOLE |  | 43205 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 6594427 | 198269 | SH |  | SOLE |  | 198269 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 1002250 | 17756 | SH |  | SOLE |  | 17756 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 1305308 | 27484 | SH |  | SOLE |  | 27484 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 1286680 | 20638 | SH |  | SOLE |  | 20638 | 0 | 0 |
| FIDELITY MERRIMACK STR TR | LOW DURTIN ETF | 316188408 |  | 40029 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CONSUMR STAPLE | 33734X119 |  | 222468 | 2634 | SH |  | SOLE |  | 2634 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 344270 | 2179 | SH |  | SOLE |  | 2179 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 357697 | 25623 | SH |  | SOLE |  | 25623 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 232639 | 1577 | SH |  | SOLE |  | 1577 | 0 | 0 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 213306 | 5376 | SH |  | SOLE |  | 5376 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 14983 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 255599 | 11365 | SH |  | SOLE |  | 11365 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 286376 | 8284 | SH |  | SOLE |  | 8284 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 161679 | 14901 | SH |  | SOLE |  | 14901 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 1210400 | 606 | SH |  | SOLE |  | 606 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C375 |  | 3151206 | 62936 | SH |  | SOLE |  | 62936 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA B | 45782C532 |  | 326923 | 673 | SH |  | SOLE |  | 673 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA BU | 45782C565 |  | 16879522 | 232212 | SH |  | SOLE |  | 232212 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C748 |  | 2847431 | 6714 | SH |  | SOLE |  | 6714 | 0 | 0 |
| INNOVATOR ETFS TRUST | US SMALL CAP 10 | 45783Y228 |  | 1503072 | 22164 | SH |  | SOLE |  | 22164 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQT ACLRTD 9 | 45783Y889 |  | 40047 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY BUFR FEB | 45782C433 |  | 1310694 | 27611 | SH |  | SOLE |  | 27611 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 50235 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 50174 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 4760109 | 133861 | SH |  | SOLE |  | 133861 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 3391084 | 56471 | SH |  | SOLE |  | 56471 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 602693 | 2588 | SH |  | SOLE |  | 2588 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 378122 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| ISHARES TR | MORNINGSTR US EQ | 464287127 |  | 23964 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 1917498 | 34427 | SH |  | SOLE |  | 34427 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1985544 | 3198 | SH |  | SOLE |  | 3198 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 439631 | 4761 | SH |  | SOLE |  | 4761 | 0 | 0 |
| ISHARES TR | U.S. UTILITS ETF | 464287697 |  | 341769 | 24570 | SH |  | SOLE |  | 24570 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1000500 | 20012 | SH |  | SOLE |  | 20012 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2509706 | 13297 | SH |  | SOLE |  | 13297 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 1321993 | 24046 | SH |  | SOLE |  | 24046 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 331094 | 8141 | SH |  | SOLE |  | 8141 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1467283 | 3078 | SH |  | SOLE |  | 3078 | 0 | 0 |
| ISHARES TR | MSCI INTL MOMENT | 46434V449 |  | 272231 | 2960 | SH |  | SOLE |  | 2960 | 0 | 0 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 356245 | 457 | SH |  | SOLE |  | 457 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 432443 | 11748 | SH |  | SOLE |  | 11748 | 0 | 0 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 343038 | 4872 | SH |  | SOLE |  | 4872 | 0 | 0 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 377635 | 3844 | SH |  | SOLE |  | 3844 | 0 | 0 |
| ISHARES TR | IBONDS 25 TRM HG | 46435U168 |  | 9925 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES TR | IBONDS 2027 TERM | 46436E478 |  | 426428 | 3185 | SH |  | SOLE |  | 3185 | 0 | 0 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 248243 | 1363 | SH |  | SOLE |  | 1363 | 0 | 0 |
| ISHARES TR | MSCI EMERGING MA | 46438G109 |  | 3286101 | 99609 | SH |  | SOLE |  | 99609 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 216312 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2159748 | 64431 | SH |  | SOLE |  | 64431 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | U S TECH LEADERS | 46654Q732 |  | 278083 | 7759 | SH |  | SOLE |  | 7759 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 5113468 | 70413 | SH |  | SOLE |  | 70413 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 3387881 | 41625 | SH |  | SOLE |  | 41625 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 623115 | 623115 | SH |  | SOLE |  | 623115 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1275000 | 1275000 | SH |  | SOLE |  | 1275000 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 586449 | 9218 | SH |  | SOLE |  | 9218 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 227686 | 230 | SH |  | SOLE |  | 230 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 233424 | 10025 | SH |  | SOLE |  | 10025 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 2434 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 4330226 | 92015 | SH |  | SOLE |  | 92015 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1340229 | 13007 | SH |  | SOLE |  | 13007 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 24011 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| NUVEEN MASSACHUSETS QLT MUN | COM | 67061E104 |  | 4784947 | 118439 | SH |  | SOLE |  | 118439 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 219930 | 1324 | SH |  | SOLE |  | 1324 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 202131 | 8664 | SH |  | SOLE |  | 8664 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 443700 | 1519 | SH |  | SOLE |  | 1519 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1997499 | 4184 | SH |  | SOLE |  | 4184 | 0 | 0 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 645635 | 2289 | SH |  | SOLE |  | 2289 | 0 | 0 |
| PIMCO DYNAMIC INCOME OPRNTS | COM BEN SHS | 69355M107 |  | 850909 | 5191 | SH |  | SOLE |  | 5191 | 0 | 0 |
| PLANET LABS PBC | COM CL A | 72703X106 |  | 220515 | 10060 | SH |  | SOLE |  | 10060 | 0 | 0 |
| PROSHARES TR | SP500 EX ENRGY | 74347B581 |  | 163137 | 164000 | SH |  | SOLE |  | 164000 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 148951 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| APPLE INC | PUT | 037833950 |  | 370390 | 6351 | PRN | Put | SOLE |  | 6351 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 24470 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| QUIDELORTHO CORP | COM | 219798105 |  | 437696 | 3235 | SH |  | SOLE |  | 3235 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 59027 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 128587 | 129000 | SH |  | SOLE |  | 129000 | 0 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 19684 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 230469 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ARTIF | 301505731 |  | 241130 | 679 | SH |  | SOLE |  | 679 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 1745622 | 1887000 | SH |  | SOLE |  | 1887000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 151418 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 38134 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 150867 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 85300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1128816 | 22653 | SH |  | SOLE |  | 22653 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 6132564 | 72332 | SH |  | SOLE |  | 72332 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 361574 | 4871 | SH |  | SOLE |  | 4871 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 521336 | 561000 | SH |  | SOLE |  | 561000 | 0 | 0 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 9271 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STAGWELL INC | COM CL A | 85256A109 |  | 2073160 | 3355 | SH |  | SOLE |  | 3355 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 251928 | 2187 | SH |  | SOLE |  | 2187 | 0 | 0 |
| TITAN MACHY INC | COM | 88830R101 |  | 203683 | 961 | SH |  | SOLE |  | 961 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 840809 | 1815 | SH |  | SOLE |  | 1815 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 20058 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 10046 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 39953 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 209808 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 764070 | 2592 | SH |  | SOLE |  | 2592 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 262922 | 8776 | SH |  | SOLE |  | 8776 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 263094 | 10973 | SH |  | SOLE |  | 10973 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 610774 | 2216 | SH |  | SOLE |  | 2216 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1351660 | 12733 | SH |  | SOLE |  | 12733 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 675934 | 17466 | SH |  | SOLE |  | 17466 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3077726 | 44781 | SH |  | SOLE |  | 44781 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 397096 | 4422 | SH |  | SOLE |  | 4422 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 445220 | 7048 | SH |  | SOLE |  | 7048 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 2753178 | 48479 | SH |  | SOLE |  | 48479 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 581475 | 11775 | SH |  | SOLE |  | 11775 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 319404 | 2923 | SH |  | SOLE |  | 2923 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2247193 | 16663 | SH |  | SOLE |  | 16663 | 0 | 0 |
| WISDOMTREE TR | US QUALITY GROW | 97717Y477 |  | 772038 | 8410 | SH |  | SOLE |  | 8410 | 0 | 0 |

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