# EDGAR Filing Document

**Accession Number:** 0001349654
**File Stem:** 0001085146-25-004535
**Filing Date:** 2025-8
**Character Count:** 34430
**Document Hash:** ababa5a1e80f623fc2100b484404d0a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004535.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001085146-25-004535

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Obermeyer Wealth Partners
- **CENTRAL INDEX KEY:** 0001349654

**ORGANIZATION NAME:**
- **EIN:** 841436016
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11588
- **FILM NUMBER:** 251184318

**BUSINESS ADDRESS:**
- **STREET 1:** 501 RIO GRANDE PLACE #107
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611
- **BUSINESS PHONE:** 970-925-8747

**MAIL ADDRESS:**
- **STREET 1:** 501 RIO GRANDE PLACE #107
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OBERMEYER WOOD INVESTMENT COUNSEL, LLLP
- **DATE OF NAME CHANGE:** 20141031

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OBERMEYER ASSET MANAGEMENT CO
- **DATE OF NAME CHANGE:** 20060112

### 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:** Obermeyer Wealth Partners<br>**Address:** 501 RIO GRANDE PLACE #107<br>ASPEN, CO 81611

**Form 13F File Number:** 028-11588

**CRD Number (if applicable):** 000110069

**SEC File Number (if applicable):** 801-54953

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:** Alexandra Phillips<br>**Title:** President<br>**Phone:** 303-321-8188

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

/s/ Alexandra Phillips  Aspen, CO  08-05-2025<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:** 280

**Form 13F Information Table Value Total:** $2008735082

      (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 | BBG001S5N9M6 | 1911349 | 14053 | SH |  | SOLE |  | 14053 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 2190897 | 11803 | SH |  | SOLE |  | 11803 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 3313708 | 11087 | SH |  | SOLE |  | 11087 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 541245 | 1399 | SH |  | SOLE |  | 1399 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 228885 | 1613 | SH |  | SOLE |  | 1613 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 1170000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 338689 | 2870 | SH |  | SOLE |  | 2870 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 844770 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 631308 | 3136 | SH |  | SOLE |  | 3136 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 6331404 | 35927 | SH |  | SOLE |  | 35927 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 70722325 | 398683 | SH |  | SOLE |  | 398683 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 | BBG00GFMPS82 | 38520 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 409797 | 6990 | SH |  | SOLE |  | 6990 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 70240890 | 320165 | SH |  | SOLE |  | 320165 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 1972770 | 6185 | SH |  | SOLE |  | 6185 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 317171 | 2280 | SH |  | SOLE |  | 2280 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1298573 | 4651 | SH |  | SOLE |  | 4651 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 2349258 | 9870 | SH |  | SOLE |  | 9870 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 36568658 | 102502 | SH |  | SOLE |  | 102502 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFL2 | 673883 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 69849529 | 340447 | SH |  | SOLE |  | 340447 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 1139611 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 3730034 | 169856 | SH |  | SOLE |  | 169856 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | BBG0068KVVC7 | 416373 | 2404 | SH |  | SOLE |  | 2404 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 35504445 | 44304 | SH |  | SOLE |  | 44304 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 201017 | 6946 | SH |  | SOLE |  | 6946 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 | BBG001S5VG05 | 2550983 | 16553 | SH |  | SOLE |  | 16553 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 869447 | 2819 | SH |  | SOLE |  | 2819 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 237583 | 64 | SH |  | SOLE |  | 64 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 208636 | 172 | SH |  | SOLE |  | 172 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 265890 | 5619 | SH |  | SOLE |  | 5619 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 326758 | 1897 | SH |  | SOLE |  | 1897 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 10932000 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 98789345 | 203367 | SH |  | SOLE |  | 203367 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 822612 | 784 | SH |  | SOLE |  | 784 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 437764 | 2927 | SH |  | SOLE |  | 2927 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 | BBG00DB0XYD3 | 2355632 | 164270 | SH |  | SOLE |  | 164270 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 | BBG00XV417S7 | 2089990 | 108797 | SH |  | SOLE |  | 108797 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 404183 | 1929 | SH |  | SOLE |  | 1929 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | BBG003LFWPT4 | 247180 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 580060 | 12531 | SH |  | SOLE |  | 12531 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 1774875 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 55976299 | 203070 | SH |  | SOLE |  | 203070 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 | BBG001T61WG3 | 282303 | 17589 | SH |  | SOLE |  | 17589 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 26472887 | 428018 | SH |  | SOLE |  | 428018 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 | BBG001S9CFC7 | 225095 | 1929 | SH |  | SOLE |  | 1929 | 0 | 0 |
| CAMBRIA ETF TR | SHSHLD YIELD ETF | 132061201 | BBG004K1ZMP2 | 413767 | 6363 | SH |  | SOLE |  | 6363 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG001S5YC56 | 2244315 | 71475 | SH |  | SOLE |  | 71475 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG001S7F4Z8 | 374630 | 4726 | SH |  | SOLE |  | 4726 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 805924 | 2076 | SH |  | SOLE |  | 2076 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG001SC2D27 | 340772 | 2432 | SH |  | SOLE |  | 2432 | 0 | 0 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 814393 | 2716 | SH |  | SOLE |  | 2716 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 846539 | 5912 | SH |  | SOLE |  | 5912 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 24210593 | 83565 | SH |  | SOLE |  | 83565 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 716462 | 10327 | SH |  | SOLE |  | 10327 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 76000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 30509570 | 110694 | SH |  | SOLE |  | 110694 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 2101741 | 29707 | SH |  | SOLE |  | 29707 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 436411 | 4801 | SH |  | SOLE |  | 4801 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 17005189 | 476469 | SH |  | SOLE |  | 476469 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 298745 | 3329 | SH |  | SOLE |  | 3329 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 601682 | 11441 | SH |  | SOLE |  | 11441 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 2534169 | 34002 | SH |  | SOLE |  | 34002 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 3231708 | 3265 | SH |  | SOLE |  | 3265 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 229250 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG001S8M692 | 1034196 | 8022 | SH |  | SOLE |  | 8022 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 236258 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 27611601 | 54301 | SH |  | SOLE |  | 54301 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 309436 | 1775 | SH |  | SOLE |  | 1775 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 1030648 | 28757 | SH |  | SOLE |  | 28757 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1783625 | 14383 | SH |  | SOLE |  | 14383 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 | BBG001T535D5 | 389450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 305628 | 1668 | SH |  | SOLE |  | 1668 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 630198 | 23799 | SH |  | SOLE |  | 23799 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 215232 | 1824 | SH |  | SOLE |  | 1824 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 1725656 | 25159 | SH |  | SOLE |  | 25159 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 3397831 | 9518 | SH |  | SOLE |  | 9518 | 0 | 0 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 | BBG001SM6Y34 | 1113484 | 80280 | SH |  | SOLE |  | 80280 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 12706834 | 16301 | SH |  | SOLE |  | 16301 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 1197837 | 8984 | SH |  | SOLE |  | 8984 | 0 | 0 |
| EMPIRE ST RLTY OP L P | UNIT LTD PRT 60 | 292102209 | BBG005CL7PV1 | 90199 | 10738 | SH |  | SOLE |  | 10738 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 1107326 | 61077 | SH |  | SOLE |  | 61077 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 1326360 | 42772 | SH |  | SOLE |  | 42772 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 995133 | 1251 | SH |  | SOLE |  | 1251 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 18629221 | 172813 | SH |  | SOLE |  | 172813 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 262543 | 1155 | SH |  | SOLE |  | 1155 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 | BBG009PH3Q95 | 285120 | 581 | SH |  | SOLE |  | 581 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 | BBG007GFNV45 | 14745561 | 299341 | SH |  | SOLE |  | 299341 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 | BBG001TCDMY9 | 398262 | 3036 | SH |  | SOLE |  | 3036 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 | BBG007GJ2F90 | 222183 | 2925 | SH |  | SOLE |  | 2925 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 557009 | 1740 | SH |  | SOLE |  | 1740 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 644047 | 2502 | SH |  | SOLE |  | 2502 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 222772 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 294868 | 1011 | SH |  | SOLE |  | 1011 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 328730 | 2965 | SH |  | SOLE |  | 2965 | 0 | 0 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 | BBG01J6K2RX8 | 250339 | 4155 | SH |  | SOLE |  | 4155 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 404125 | 571 | SH |  | SOLE |  | 571 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 336276 | 323 | SH |  | SOLE |  | 323 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 | BBG001SS5LM9 | 438588 | 6975 | SH |  | SOLE |  | 6975 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 443253 | 2671 | SH |  | SOLE |  | 2671 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 32648038 | 89047 | SH |  | SOLE |  | 89047 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 926862 | 3980 | SH |  | SOLE |  | 3980 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 | BBG001S5S4Y9 | 1221246 | 2277 | SH |  | SOLE |  | 2277 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 323274 | 1762 | SH |  | SOLE |  | 1762 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 973658 | 3303 | SH |  | SOLE |  | 3303 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 570244 | 724 | SH |  | SOLE |  | 724 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 247252 | 455 | SH |  | SOLE |  | 455 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 | BBG00XS6PBW6 | 275018 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 | BBG00P4Y2QS5 | 767793 | 7362 | SH |  | SOLE |  | 7362 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S SMALLCAP 600 | 46138G664 | BBG00P4Y2TZ1 | 819078 | 18921 | SH |  | SOLE |  | 18921 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | PHARMACEUTICALS | 46137V662 | BBG001SN6GP7 | 295519 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 255734 | 6050 | SH |  | SOLE |  | 6050 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 | BBG001V28DF5 | 728489 | 6764 | SH |  | SOLE |  | 6764 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 | BBG00KJR2B26 | 260448 | 4999 | SH |  | SOLE |  | 4999 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 1112067 | 6119 | SH |  | SOLE |  | 6119 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 21507403 | 38988 | SH |  | SOLE |  | 38988 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 8575 | 2500 | SH | Put | SOLE |  | 2500 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 318904 | 5210 | SH |  | SOLE |  | 5210 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 438266 | 7028 | SH |  | SOLE |  | 7028 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 201761 | 3361 | SH |  | SOLE |  | 3361 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 | BBG002D9R378 | 57876809 | 341698 | SH |  | SOLE |  | 341698 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 258838 | 7889 | SH |  | SOLE |  | 7889 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 | BBG001TG5H89 | 506111 | 4918 | SH |  | SOLE |  | 4918 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 501966 | 6058 | SH |  | SOLE |  | 6058 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 | BBG001SSD812 | 365964 | 3073 | SH |  | SOLE |  | 3073 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 495131 | 5170 | SH |  | SOLE |  | 5170 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 374909 | 4491 | SH |  | SOLE |  | 4491 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 | BBG00G9DM0M7 | 218311 | 2871 | SH |  | SOLE |  | 2871 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 | BBG003H6TMV7 | 256128 | 3313 | SH |  | SOLE |  | 3313 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 281385 | 4537 | SH |  | SOLE |  | 4537 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 1958040 | 17916 | SH |  | SOLE |  | 17916 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 2698520 | 4346 | SH |  | SOLE |  | 4346 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 | BBG001SNYBH6 | 238748 | 3761 | SH |  | SOLE |  | 3761 | 0 | 0 |
| ISHARES TR | EUROPE ETF | 464287861 | BBG001SFGXD9 | 3162500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 | BBG001S7XDQ8 | 267706 | 20420 | SH |  | SOLE |  | 20420 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 | BBG001SGL748 | 242651 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| ISHARES TR | INDIA 50 ETF | 464289529 | BBG001T61K42 | 250202 | 4601 | SH |  | SOLE |  | 4601 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | BBG001SJ8F58 | 569061 | 2384 | SH |  | SOLE |  | 2384 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 330411 | 6263 | SH |  | SOLE |  | 6263 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 317608 | 5960 | SH |  | SOLE |  | 5960 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 1329429 | 27559 | SH |  | SOLE |  | 27559 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 100764851 | 551170 | SH |  | SOLE |  | 551170 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 524908 | 5024 | SH |  | SOLE |  | 5024 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 | BBG001S562W9 | 582363 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 2366184 | 5573 | SH |  | SOLE |  | 5573 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 576086 | 2966 | SH |  | SOLE |  | 2966 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 955936 | 10394 | SH |  | SOLE |  | 10394 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1064924 | 4935 | SH |  | SOLE |  | 4935 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 371735 | 2799 | SH |  | SOLE |  | 2799 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 | BBG001SQZTR8 | 204974 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE VALUE ETF | 46641Q167 | BBG012NLLCC9 | 548368 | 8372 | SH |  | SOLE |  | 8372 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 63255284 | 1246410 | SH |  | SOLE |  | 1246410 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2414672 | 15808 | SH |  | SOLE |  | 15808 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 9930365 | 34253 | SH |  | SOLE |  | 34253 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 223289 | 1732 | SH |  | SOLE |  | 1732 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 232289 | 7901 | SH |  | SOLE |  | 7901 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 758138 | 5699 | SH |  | SOLE |  | 5699 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 339211 | 4729 | SH |  | SOLE |  | 4729 | 0 | 0 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 295114 | 629 | SH |  | SOLE |  | 629 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 449279 | 970 | SH |  | SOLE |  | 970 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 4126560 | 18599 | SH |  | SOLE |  | 18599 | 0 | 0 |
| LUCID DIAGNOSTICS INC | COM | 54948X109 | BBG012NYMM65 | 14950 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 | BBG001S5T7M4 | 231541 | 1059 | SH |  | SOLE |  | 1059 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 768272 | 9926 | SH |  | SOLE |  | 9926 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 69072386 | 122918 | SH |  | SOLE |  | 122918 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 2133718 | 7303 | SH |  | SOLE |  | 7303 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 300562 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 782576 | 9886 | SH |  | SOLE |  | 9886 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 58004346 | 78587 | SH |  | SOLE |  | 78587 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 105765760 | 212633 | SH |  | SOLE |  | 212633 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 590707 | 8759 | SH |  | SOLE |  | 8759 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 353559 | 2510 | SH |  | SOLE |  | 2510 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 3394374 | 8073 | SH |  | SOLE |  | 8073 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | BBG0035TJHL3 | 1761590 | 34199 | SH |  | SOLE |  | 34199 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1001669 | 748 | SH |  | SOLE |  | 748 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 20577176 | 296416 | SH |  | SOLE |  | 296416 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 | BBG017XG00Z2 | 494015 | 32501 | SH |  | SOLE |  | 32501 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 | BBG017XG00Z2 | 119015 | 16500 | SH | Call | SOLE |  | 16500 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 204682 | 2881 | SH |  | SOLE |  | 2881 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 310236 | 1212 | SH |  | SOLE |  | 1212 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 27147784 | 393332 | SH |  | SOLE |  | 393332 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 57386035 | 363226 | SH |  | SOLE |  | 363226 | 0 | 0 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 30133493 | 4080 | SH |  | SOLE |  | 4080 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 2329376 | 10654 | SH |  | SOLE |  | 10654 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG001S5V1S8 | 386799 | 4069 | SH |  | SOLE |  | 4069 | 0 | 0 |
| PACER FDS TR | CASH COWS ETF | 69374H659 | BBG00P1MB733 | 791286 | 19867 | SH |  | SOLE |  | 19867 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 | BBG00FJQN752 | 202030 | 3667 | SH |  | SOLE |  | 3667 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 896323 | 4380 | SH |  | SOLE |  | 4380 | 0 | 0 |
| PAVMED INC | COM NEW | 70387R403 | BBG00DGWP3H1 | 12906 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 695323 | 5266 | SH |  | SOLE |  | 5266 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 | BBG001SFJFD5 | 1277501 | 110702 | SH |  | SOLE |  | 110702 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | BBG001SF6W88 | 558572 | 44650 | SH |  | SOLE |  | 44650 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 715371 | 29512 | SH |  | SOLE |  | 29512 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 657489 | 3610 | SH |  | SOLE |  | 3610 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 344419 | 2887 | SH |  | SOLE |  | 2887 | 0 | 0 |
| PIPER SANDLER COMPANIES | COM | 724078100 | BBG001SGY6K8 | 408294 | 1469 | SH |  | SOLE |  | 1469 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 | BBG001S6GJB2 | 29800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 417459 | 4326 | SH |  | SOLE |  | 4326 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 503824 | 6343 | SH |  | SOLE |  | 6343 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 20804744 | 130585 | SH |  | SOLE |  | 130585 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 270339 | 1013 | SH |  | SOLE |  | 1013 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 255847 | 1606 | SH |  | SOLE |  | 1606 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 356151 | 942 | SH |  | SOLE |  | 942 | 0 | 0 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 | BBG01922X1R4 | 48439240 | 968882 | SH |  | SOLE |  | 968882 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG001S60869 | 1001227 | 7611 | SH |  | SOLE |  | 7611 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 40044758 | 274242 | SH |  | SOLE |  | 274242 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 1985774 | 3766 | SH |  | SOLE |  | 3766 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1355673 | 4971 | SH |  | SOLE |  | 4971 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 32929168 | 108284 | SH |  | SOLE |  | 108284 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 283483 | 3107 | SH |  | SOLE |  | 3107 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 | BBG001T6L7C0 | 293786 | 6898 | SH |  | SOLE |  | 6898 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 228768 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 518446 | 19564 | SH |  | SOLE |  | 19564 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 468528 | 16040 | SH |  | SOLE |  | 16040 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 535240 | 19344 | SH |  | SOLE |  | 19344 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 420050 | 17187 | SH |  | SOLE |  | 17187 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 492407 | 5806 | SH |  | SOLE |  | 5806 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | BBG001S7T1Q9 | 217330 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 786026 | 3104 | SH |  | SOLE |  | 3104 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 345360 | 4558 | SH |  | SOLE |  | 4558 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 634325 | 617 | SH |  | SOLE |  | 617 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 2430131 | 34514 | SH |  | SOLE |  | 34514 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 25365316 | 73874 | SH |  | SOLE |  | 73874 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 714132 | 6191 | SH |  | SOLE |  | 6191 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 258662 | 587 | SH |  | SOLE |  | 587 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 4010953 | 13158 | SH |  | SOLE |  | 13158 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 12060049 | 19519 | SH |  | SOLE |  | 19519 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 10255 | 3500 | SH | Put | SOLE |  | 3500 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 1115456 | 1969 | SH |  | SOLE |  | 1969 | 0 | 0 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 | BBG0024LG8W4 | 397622 | 1885 | SH |  | SOLE |  | 1885 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 | BBG001T2HCY9 | 502357 | 14960 | SH |  | SOLE |  | 14960 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 | BBG004T58LZ5 | 4440701 | 104242 | SH |  | SOLE |  | 104242 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 | BBG001T6B0P2 | 241037 | 7984 | SH |  | SOLE |  | 7984 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 346112 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 373576 | 4077 | SH |  | SOLE |  | 4077 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 1147327 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 379383 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 423993 | 5598 | SH |  | SOLE |  | 5598 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 60950520 | 269109 | SH |  | SOLE |  | 269109 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 271288 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 320136 | 1898 | SH |  | SOLE |  | 1898 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 580524 | 1828 | SH |  | SOLE |  | 1828 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 25228795 | 121514 | SH |  | SOLE |  | 121514 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 507110 | 1534 | SH |  | SOLE |  | 1534 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 462630 | 1141 | SH |  | SOLE |  | 1141 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 1429644 | 11577 | SH |  | SOLE |  | 11577 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 365460 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 2200715 | 9565 | SH |  | SOLE |  | 9565 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 35357675 | 113337 | SH |  | SOLE |  | 113337 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 5482031 | 121150 | SH |  | SOLE |  | 121150 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 | BBG002XRNHT5 | 24953185 | 266054 | SH |  | SOLE |  | 266054 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 1023226 | 2334 | SH |  | SOLE |  | 2334 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 | BBG001SHTTQ6 | 2992512 | 10489 | SH |  | SOLE |  | 10489 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 260802 | 932 | SH |  | SOLE |  | 932 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 86635163 | 152519 | SH |  | SOLE |  | 152519 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 532968 | 2249 | SH |  | SOLE |  | 2249 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 31621310 | 104041 | SH |  | SOLE |  | 104041 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 1082507 | 6125 | SH |  | SOLE |  | 6125 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 677008 | 13688 | SH |  | SOLE |  | 13688 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 352078 | 4246 | SH |  | SOLE |  | 4246 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 10236607 | 128762 | SH |  | SOLE |  | 128762 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 352997 | 1725 | SH |  | SOLE |  | 1725 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 9760113 | 171200 | SH |  | SOLE |  | 171200 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 2474367 | 18561 | SH |  | SOLE |  | 18561 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 | BBG00M0P2SP4 | 288901 | 2635 | SH |  | SOLE |  | 2635 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 607770 | 14046 | SH |  | SOLE |  | 14046 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 | BBG00HVVB4B6 | 1954859 | 59965 | SH |  | SOLE |  | 59965 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 8523330 | 24006 | SH |  | SOLE |  | 24006 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 35482306 | 362879 | SH |  | SOLE |  | 362879 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 2951804 | 12900 | SH |  | SOLE |  | 12900 | 0 | 0 |
| WATSCO INC | COM | 942622200 | BBG001S82CQ2 | 2421844 | 5484 | SH |  | SOLE |  | 5484 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG001S5XDC7 | 844333 | 8103 | SH |  | SOLE |  | 8103 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1052777 | 13140 | SH |  | SOLE |  | 13140 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 511152 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 | BBG001S5XFS5 | 202840 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 526536 | 8383 | SH |  | SOLE |  | 8383 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 | BBG001SHL7K8 | 243463 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 346152 | 5083 | SH |  | SOLE |  | 5083 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 253091 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 20122696 | 129033 | SH |  | SOLE |  | 129033 | 0 | 0 |

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