# EDGAR Filing Document

**Accession Number:** 0002045307
**File Stem:** 0001214659-26-001624
**Filing Date:** 2026-2
**Character Count:** 17355
**Document Hash:** 006210ecef16d90b4d2e899a6bba1f7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-001624.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001214659-26-001624

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tudor Financial Inc.
- **CENTRAL INDEX KEY:** 0002045307

**ORGANIZATION NAME:**
- **EIN:** 311241724
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24510
- **FILM NUMBER:** 26628187

**BUSINESS ADDRESS:**
- **STREET 1:** 8111 TIMBERLODGE TRAIL
- **CITY:** DAYTON
- **STATE:** OH
- **ZIP:** 45458
- **BUSINESS PHONE:** (937) 439-9292

**MAIL ADDRESS:**
- **STREET 1:** 8111 TIMBERLODGE TRAIL
- **CITY:** DAYTON
- **STATE:** OH
- **ZIP:** 45458

### 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:** Tudor Financial Inc.<br>**Address:** 8111 TIMBERLODGE TRAIL<br>DAYTON, OH 45458

**Form 13F File Number:** 028-24510

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:** Grant Donaldson<br>**Title:** President<br>**Phone:** 937-439-9292

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

Grant Donaldson  Dayton, OH  02-12-2026<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:** 142

**Form 13F Information Table Value Total:** $195356025

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 590009 | 4709 | SH |  | SOLE |  | 4709 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 937137 | 4101 | SH |  | SOLE |  | 4101 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 2334210 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1366144 | 5530 | SH |  | SOLE |  | 5530 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 3142959 | 15099 | SH |  | SOLE |  | 15099 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2246180 | 7158 | SH |  | SOLE |  | 7158 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 740872 | 2367 | SH |  | SOLE |  | 2367 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1155023 | 5004 | SH |  | SOLE |  | 5004 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 564808 | 5656 | SH |  | SOLE |  | 5656 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1514597 | 13135 | SH |  | SOLE |  | 13135 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3398559 | 10383 | SH |  | SOLE |  | 10383 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2889978 | 10630 | SH |  | SOLE |  | 10630 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 227436 | 885 | SH |  | SOLE |  | 885 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 373301 | 15028 | SH |  | SOLE |  | 15028 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | COM | 053015103 |  | 347752 | 1352 | SH |  | SOLE |  | 1352 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1151324 | 20933 | SH |  | SOLE |  | 20933 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 449543 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 290096 | 1336 | SH |  | SOLE |  | 1336 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 285462 | 5292 | SH |  | SOLE |  | 5292 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 419295 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1644864 | 16640 | SH |  | SOLE |  | 16640 | 0 | 0 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 565296 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| CAPITAL GROUP GBL GROWTH | SHS CREATION UNI | 14020X104 |  | 619885 | 17890 | SH |  | SOLE |  | 17890 | 0 | 0 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 564135 | 12686 | SH |  | SOLE |  | 12686 | 0 | 0 |
| CAPITAL GROUP INTERNATIONAL | SHS | 14021T102 |  | 374647 | 11528 | SH |  | SOLE |  | 11528 | 0 | 0 |
| CAPITAL GRP FIXED INCM ETF | CORE PLUS INCM | 14020Y102 |  | 312502 | 13803 | SH |  | SOLE |  | 13803 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1576448 | 2752 | SH |  | SOLE |  | 2752 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 806355 | 5291 | SH |  | SOLE |  | 5291 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 4237217 | 22530 | SH |  | SOLE |  | 22530 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1400452 | 18181 | SH |  | SOLE |  | 18181 | 0 | 0 |
| COGNIZANT TECHNOLOGY | CL A | 192446102 |  | 397155 | 4785 | SH |  | SOLE |  | 4785 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 452535 | 15140 | SH |  | SOLE |  | 15140 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 509896 | 14066 | SH |  | SOLE |  | 14066 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 263565 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 243277 | 523 | SH |  | SOLE |  | 523 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 272068 | 2391 | SH |  | SOLE |  | 2391 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 632988 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 299718 | 941 | SH |  | SOLE |  | 941 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1107164 | 1030 | SH |  | SOLE |  | 1030 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 461894 | 3480 | SH |  | SOLE |  | 3480 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1264366 | 10507 | SH |  | SOLE |  | 10507 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 232532 | 805 | SH |  | SOLE |  | 805 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 468453 | 25711 | SH |  | SOLE |  | 25711 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | DORSEY WRT 5 ETF | 33738R605 |  | 633376 | 10066 | SH |  | SOLE |  | 10066 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | FINLS ALPHADEX | 33734X135 |  | 830220 | 13757 | SH |  | SOLE |  | 13757 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | UTILITIES ALPH | 33734X184 |  | 637991 | 14174 | SH |  | SOLE |  | 14174 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ SEMCNDTR | 33738R811 |  | 865717 | 6683 | SH |  | SOLE |  | 6683 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | INDXX AEROSPACE | 33733E831 |  | 852034 | 19912 | SH |  | SOLE |  | 19912 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 1184392 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 294414 | 2710 | SH |  | SOLE |  | 2710 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 368776 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 370231 | 1202 | SH |  | SOLE |  | 1202 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 396249 | 1177 | SH |  | SOLE |  | 1177 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 476978 | 543 | SH |  | SOLE |  | 543 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 2168292 | 11915 | SH |  | SOLE |  | 11915 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1055388 | 3067 | SH |  | SOLE |  | 3067 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 401300 | 2057 | SH |  | SOLE |  | 2057 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 570341 | 24065 | SH |  | SOLE |  | 24065 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 338381 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 733481 | 2978 | SH |  | SOLE |  | 2978 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 396851 | 22270 | SH |  | SOLE |  | 22270 | 0 | 0 |
| INTERNATIONAL BUSINESS | COM | 459200101 |  | 734920 | 2481 | SH |  | SOLE |  | 2481 | 0 | 0 |
| INVESCO EXCH TRADED FD TR | PFD ETF | 46138E511 |  | 1438776 | 128005 | SH |  | SOLE |  | 128005 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD | S EQL WGT | 46137V357 |  | 2450236 | 12791 | SH |  | SOLE |  | 12791 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4532382 | 7378 | SH |  | SOLE |  | 7378 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1986311 | 24471 | SH |  | SOLE |  | 24471 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1092183 | 16248 | SH |  | SOLE |  | 16248 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 2167218 | 33642 | SH |  | SOLE |  | 33642 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 213911 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 3250073 | 30751 | SH |  | SOLE |  | 30751 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 1105263 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 691977 | 6710 | SH |  | SOLE |  | 6710 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1374672 | 11438 | SH |  | SOLE |  | 11438 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 1015274 | 3371 | SH |  | SOLE |  | 3371 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 672878 | 3199 | SH |  | SOLE |  | 3199 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 9232077 | 114499 | SH |  | SOLE |  | 114499 | 0 | 0 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 3410111 | 19012 | SH |  | SOLE |  | 19012 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 713740 | 16649 | SH |  | SOLE |  | 16649 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 369871 | 2621 | SH |  | SOLE |  | 2621 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 276555 | 2145 | SH |  | SOLE |  | 2145 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4257458 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 8947622 | 23960 | SH |  | SOLE |  | 23960 | 0 | 0 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 2869192 | 19364 | SH |  | SOLE |  | 19364 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1246704 | 7387 | SH |  | SOLE |  | 7387 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 3842855 | 17900 | SH |  | SOLE |  | 17900 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1280962 | 19409 | SH |  | SOLE |  | 19409 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1546944 | 49966 | SH |  | SOLE |  | 49966 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 745960 | 2175 | SH |  | SOLE |  | 2175 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 804298 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2395589 | 24946 | SH |  | SOLE |  | 24946 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1173779 | 5672 | SH |  | SOLE |  | 5672 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2617254 | 8123 | SH |  | SOLE |  | 8123 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 200000 | 9690 | SH |  | SOLE |  | 9690 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 233258 | 2312 | SH |  | SOLE |  | 2312 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 513233 | 1061 | SH |  | SOLE |  | 1061 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2065774 | 8566 | SH |  | SOLE |  | 8566 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 737988 | 4538 | SH |  | SOLE |  | 4538 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 446707 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 564833 | 5880 | SH |  | SOLE |  | 5880 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 461187 | 4381 | SH |  | SOLE |  | 4381 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 565862 | 857 | SH |  | SOLE |  | 857 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2322810 | 4803 | SH |  | SOLE |  | 4803 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 332848 | 3550 | SH |  | SOLE |  | 3550 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 615730 | 7670 | SH |  | SOLE |  | 7670 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1220249 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2727198 | 14623 | SH |  | SOLE |  | 14623 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1141315 | 5856 | SH |  | SOLE |  | 5856 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 364388 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 984641 | 6861 | SH |  | SOLE |  | 6861 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 214409 | 1337 | SH |  | SOLE |  | 1337 | 0 | 0 |
| PIMCO INCOME STRATEGY FD | COM | 72201H108 |  | 123986 | 14708 | SH |  | SOLE |  | 14708 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 498656 | 4871 | SH |  | SOLE |  | 4871 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1490639 | 10402 | SH |  | SOLE |  | 10402 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 705395 | 3846 | SH |  | SOLE |  | 3846 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 7080890 | 258144 | SH |  | SOLE |  | 258144 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 6715454 | 279345 | SH |  | SOLE |  | 279345 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 222685 | 6827 | SH |  | SOLE |  | 6827 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 279923 | 864 | SH |  | SOLE |  | 864 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 200575 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 9065535 | 18864 | SH |  | SOLE |  | 18864 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2733274 | 4008 | SH |  | SOLE |  | 4008 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 248731 | 2954 | SH |  | SOLE |  | 2954 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG | SPONSORED ADS | 874039100 |  | 957254 | 3150 | SH |  | SOLE |  | 3150 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 216765 | 482 | SH |  | SOLE |  | 482 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 513010 | 2957 | SH |  | SOLE |  | 2957 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1218252 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 813931 | 2916 | SH |  | SOLE |  | 2916 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9467418 | 15096 | SH |  | SOLE |  | 15096 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 288095 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX | TT WRLD ST ETF | 922042742 |  | 1420474 | 10070 | SH |  | SOLE |  | 10070 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2275602 | 10354 | SH |  | SOLE |  | 10354 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 970463 | 15535 | SH |  | SOLE |  | 15535 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 967770 | 10753 | SH |  | SOLE |  | 10753 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 430704 | 3001 | SH |  | SOLE |  | 3001 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 871176 | 4708 | SH |  | SOLE |  | 4708 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 625619 | 3231 | SH |  | SOLE |  | 3231 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 794223 | 5950 | SH |  | SOLE |  | 5950 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 481284 | 2156 | SH |  | SOLE |  | 2156 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1418923 | 4046 | SH |  | SOLE |  | 4046 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 895056 | 8034 | SH |  | SOLE |  | 8034 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 402655 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1085624 | 11648 | SH |  | SOLE |  | 11648 | 0 | 0 |

---