# EDGAR Filing Document

**Accession Number:** 0002011314
**File Stem:** 0002011314-25-000005
**Filing Date:** 2025-8
**Character Count:** 22259
**Document Hash:** b832927a0286b574ade75ef5a7ee5f89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002011314-25-000005.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0002011314-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LM Advisors LLC
- **CENTRAL INDEX KEY:** 0002011314

**ORGANIZATION NAME:**
- **EIN:** 272442659
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23925
- **FILM NUMBER:** 251216041

**BUSINESS ADDRESS:**
- **STREET 1:** 750 B ST
- **STREET 2:** SUITE 3020
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92101
- **BUSINESS PHONE:** (619) 814-1400

**MAIL ADDRESS:**
- **STREET 1:** 750 B ST
- **STREET 2:** SUITE 3020
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92101

### 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:** LM Advisors LLC<br>**Address:** 750 B ST<br>SUITE 3020<br>SAN DIEGO, CA 92101

**Form 13F File Number:** 028-23925

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:** Jonathan Chatfield<br>**Title:** Chief Compliance Officer<br>**Phone:** 619-814-1400

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

Jonathan Chatfield  San Diego, CA  08-14-2025<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:** 184

**Form 13F Information Table Value Total:** $776923

      (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 | COM | 002824100 |  | 435 | 3198 | SH |  | SOLE |  | 3198 | 0 | 0 |
| ADOBE INC COM | COM | 00724F101 |  | 513 | 1327 | SH |  | SOLE |  | 1327 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | COM | 007903107 |  | 1419 | 9998 | SH |  | SOLE |  | 9998 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Cl A | 02079K305 |  | 8589 | 48738 | SH |  | SOLE |  | 48738 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Cl C | 02079K107 |  | 25382 | 143084 | SH |  | SOLE |  | 143084 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 58827 | 268139 | SH |  | SOLE |  | 268139 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 660 | 2068 | SH |  | SOLE |  | 2068 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 391 | 1770 | SH |  | SOLE |  | 1770 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 62187 | 303101 | SH |  | SOLE |  | 303101 | 0 | 0 |
| ASML HOLDING N V N Y REGISTRY SHS | COM | N07059210 |  | 617 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 2361 | 49887 | SH |  | SOLE |  | 49887 | 0 | 0 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 317 | 3482 | SH |  | SOLE |  | 3482 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Cl B | 084670702 |  | 7221 | 14866 | SH |  | SOLE |  | 14866 | 0 | 0 |
| BLACKROCK INC COM | COM | 09290D101 |  | 1194 | 1138 | SH |  | SOLE |  | 1138 | 0 | 0 |
| BLACKSTONE INC COM | COM | 09260D107 |  | 1182 | 7899 | SH |  | SOLE |  | 7899 | 0 | 0 |
| BLACKSTONE SECD LENDING FD COMMON STOCK | COM | 09261X102 |  | 679 | 22088 | SH |  | SOLE |  | 22088 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION COM | COM | 69121K104 |  | 2963 | 206607 | SH |  | SOLE |  | 206607 | 0 | 0 |
| BOEING CO COM | COM | 097023105 |  | 615 | 2935 | SH |  | SOLE |  | 2935 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 290 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 3298 | 11964 | SH |  | SOLE |  | 11964 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT ORD | COM | M22465104 |  | 332 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 641 | 4479 | SH |  | SOLE |  | 4479 | 0 | 0 |
| CITIGROUP INC COM NEW | COM | 172967424 |  | 1677 | 19701 | SH |  | SOLE |  | 19701 | 0 | 0 |
| COCA COLA CO COM | COM | 191216100 |  | 852 | 12041 | SH |  | SOLE |  | 12041 | 0 | 0 |
| CONOCOPHILLIPS COM | COM | 20825C104 |  | 237 | 2646 | SH |  | SOLE |  | 2646 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 4704 | 4752 | SH |  | SOLE |  | 4752 | 0 | 0 |
| CROWDSTRIKE HLDGS INC CL A | Cl A | 22788C105 |  | 987 | 1937 | SH |  | SOLE |  | 1937 | 0 | 0 |
| DIREXION SHS ETF TR DLY SCOND 3XBU | ETF | 25459W458 |  | 502 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| DISNEY WALT CO COM | COM | 254687106 |  | 1632 | 13161 | SH |  | SOLE |  | 13161 | 0 | 0 |
| EATON CORP PLC SHS | ADR | G29183103 |  | 1025 | 2870 | SH |  | SOLE |  | 2870 | 0 | 0 |
| ELEVANCE HEALTH INC COM | COM | 036752103 |  | 389 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ELI LILLY  CO COM | COM | 532457108 |  | 3922 | 5031 | SH |  | SOLE |  | 5031 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP COM | COM | 293712105 |  | 597 | 10832 | SH |  | SOLE |  | 10832 | 0 | 0 |
| ESSEX PPTY TR INC COM | COM | 297178105 |  | 1946 | 6868 | SH |  | SOLE |  | 6868 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 882 | 8184 | SH |  | SOLE |  | 8184 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF | ETF | 33734X846 |  | 991 | 13111 | SH |  | SOLE |  | 13111 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD SMID RISNG ETF | ETF | 33741X102 |  | 971 | 27514 | SH |  | SOLE |  | 27514 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Cl B | 35671D857 |  | 264 | 6090 | SH |  | SOLE |  | 6090 | 0 | 0 |
| GE AEROSPACE COM NEW | COM | 369604301 |  | 243 | 945 | SH |  | SOLE |  | 945 | 0 | 0 |
| GENERAL MTRS CO COM | COM | 37045V100 |  | 211 | 4286 | SH |  | SOLE |  | 4286 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 2856 | 4036 | SH |  | SOLE |  | 4036 | 0 | 0 |
| GSK PLC SPONSORED ADR | ADR | 37733W204 |  | 219 | 5715 | SH |  | SOLE |  | 5715 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC COM NEW | COM | 42806J700 |  | 250 | 36627 | SH |  | SOLE |  | 36627 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC COM | COM | 43300A203 |  | 211 | 793 | SH |  | SOLE |  | 793 | 0 | 0 |
| HOME DEPOT INC COM | COM | 437076102 |  | 918 | 2504 | SH |  | SOLE |  | 2504 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | COM | 459200101 |  | 728 | 2469 | SH |  | SOLE |  | 2469 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II KBW BK ETF | ETF | 46138E628 |  | 286 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II S HDL VOL | ETF | 46138E362 |  | 2645 | 55624 | SH |  | SOLE |  | 55624 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD RUSL 1000 DYNM | ETF | 46138J619 |  | 36283 | 627898 | SH |  | SOLE |  | 627898 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T AEROSPACE DEFN | ETF | 46137V100 |  | 850 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T S EQL ENR | ETF | 46137V365 |  | 228 | 3066 | SH |  | SOLE |  | 3066 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T S EQL HLT | ETF | 46137V332 |  | 1006 | 34471 | SH |  | SOLE |  | 34471 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T S EQL WGT | ETF | 46137V357 |  | 10234 | 56312 | SH |  | SOLE |  | 56312 | 0 | 0 |
| INVESCO QQQ TR UNIT SER 1 | ETF | 46090E103 |  | 17240 | 31251 | SH |  | SOLE |  | 31251 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF SHS BEN INT | ETF | 46438F101 |  | 897 | 14655 | SH |  | SOLE |  | 14655 | 0 | 0 |
| ISHARES ETHEREUM TR SHS | ETF | 46438R105 |  | 273 | 14320 | SH |  | SOLE |  | 14320 | 0 | 0 |
| ISHARES GOLD TR ISHARES NEW | ETF | 464285204 |  | 3501 | 56142 | SH |  | SOLE |  | 56142 | 0 | 0 |
| ISHARES INC CORE MSCI EMKT | ETF | 46434G103 |  | 4170 | 69469 | SH |  | SOLE |  | 69469 | 0 | 0 |
| ISHARES INC MSCI JPN ETF NEW | ETF | 46434G822 |  | 2273 | 30317 | SH |  | SOLE |  | 30317 | 0 | 0 |
| ISHARES TR CALIF MUN BD ETF | ETF | 464288356 |  | 892 | 16003 | SH |  | SOLE |  | 16003 | 0 | 0 |
| ISHARES TR CORE DIV GRWTH | ETF | 46434V621 |  | 299 | 4684 | SH |  | SOLE |  | 4684 | 0 | 0 |
| ISHARES TR CORE MSCI EAFE | ETF | 46432F842 |  | 2384 | 28556 | SH |  | SOLE |  | 28556 | 0 | 0 |
| ISHARES TR CORE S MCP ETF | ETF | 464287507 |  | 586 | 9455 | SH |  | SOLE |  | 9455 | 0 | 0 |
| ISHARES TR CORE S SCP ETF | ETF | 464287804 |  | 214 | 1957 | SH |  | SOLE |  | 1957 | 0 | 0 |
| ISHARES TR CORE S TTL STK | ETF | 464287150 |  | 255 | 1888 | SH |  | SOLE |  | 1888 | 0 | 0 |
| ISHARES TR CORE S ETF | ETF | 464287200 |  | 1699 | 2736 | SH |  | SOLE |  | 2736 | 0 | 0 |
| ISHARES TR CORE US AGGBD ET | ETF | 464287226 |  | 325 | 3273 | SH |  | SOLE |  | 3273 | 0 | 0 |
| ISHARES TR EXPND TEC SC ETF | ETF | 464287549 |  | 337 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ISHARES TR GLOB HLTHCRE ETF | ETF | 464287325 |  | 323 | 3748 | SH |  | SOLE |  | 3748 | 0 | 0 |
| ISHARES TR IBOXX INV CP ETF | ETF | 464287242 |  | 361 | 3294 | SH |  | SOLE |  | 3294 | 0 | 0 |
| ISHARES TR ISHARES BIOTECH | ETF | 464287556 |  | 831 | 6569 | SH |  | SOLE |  | 6569 | 0 | 0 |
| ISHARES TR ISHARES SEMICDTR | ETF | 464287523 |  | 341 | 1429 | SH |  | SOLE |  | 1429 | 0 | 0 |
| ISHARES TR MSCI EMG MKT ETF | ETF | 464287234 |  | 287 | 5940 | SH |  | SOLE |  | 5940 | 0 | 0 |
| ISHARES TR RUS 1000 GRW ETF | ETF | 464287614 |  | 974 | 2294 | SH |  | SOLE |  | 2294 | 0 | 0 |
| ISHARES TR RUS 1000 VAL ETF | ETF | 464287598 |  | 571 | 2941 | SH |  | SOLE |  | 2941 | 0 | 0 |
| ISHARES TR RUSSELL 2000 ETF | ETF | 464287655 |  | 460 | 2131 | SH |  | SOLE |  | 2131 | 0 | 0 |
| ISHARES TR RUSSELL 3000 ETF | ETF | 464287689 |  | 351 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ISHARES TR SHORT TREAS BD | ETF | 464288679 |  | 1499 | 13572 | SH |  | SOLE |  | 13572 | 0 | 0 |
| ISHARES TR U.S. MED DVC ETF | ETF | 464288810 |  | 4246 | 67778 | SH |  | SOLE |  | 67778 | 0 | 0 |
| ISHARES TR US AER DEF ETF | ETF | 464288760 |  | 757 | 4015 | SH |  | SOLE |  | 4015 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F BETABULDRS JAPAN | ETF | 46641Q217 |  | 324 | 5244 | SH |  | SOLE |  | 5244 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 1302 | 8522 | SH |  | SOLE |  | 8522 | 0 | 0 |
| JPMORGAN CHASE  CO. COM | COM | 46625H100 |  | 3784 | 13052 | SH |  | SOLE |  | 13052 | 0 | 0 |
| KKR  CO INC COM | COM | 48251W104 |  | 466 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| KLA CORP COM NEW | COM | 482480100 |  | 340 | 380 | SH |  | SOLE |  | 380 | 0 | 0 |
| LISTED FDS TR HORIZON KINETICS | ETF | 53656F623 |  | 298 | 7074 | SH |  | SOLE |  | 7074 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | COM | 539830109 |  | 824 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Cl A | 57636Q104 |  | 2216 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 547 | 1872 | SH |  | SOLE |  | 1872 | 0 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 425 | 580 | SH |  | SOLE |  | 580 | 0 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 645 | 247 | SH |  | SOLE |  | 247 | 0 | 0 |
| MERCK  CO INC COM | COM | 58933Y105 |  | 1219 | 15401 | SH |  | SOLE |  | 15401 | 0 | 0 |
| META PLATFORMS INC CL A | Cl A | 30303M102 |  | 11524 | 15613 | SH |  | SOLE |  | 15613 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 116932 | 235082 | SH |  | SOLE |  | 235082 | 0 | 0 |
| MODERNA INC COM | COM | 60770K107 |  | 366 | 13274 | SH |  | SOLE |  | 13274 | 0 | 0 |
| MORGAN STANLEY COM NEW | COM | 617446448 |  | 860 | 6104 | SH |  | SOLE |  | 6104 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN COM SHS | COM | 61774A103 |  | 1064 | 56842 | SH |  | SOLE |  | 56842 | 0 | 0 |
| NETFLIX INC COM | COM | 64110L106 |  | 1687 | 1260 | SH |  | SOLE |  | 1260 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 1085 | 15628 | SH |  | SOLE |  | 15628 | 0 | 0 |
| NIKE INC CL B | Cl B | 654106103 |  | 337 | 4748 | SH |  | SOLE |  | 4748 | 0 | 0 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 5429 | 34364 | SH |  | SOLE |  | 34364 | 0 | 0 |
| ODDITY TECH LTD SHS CL A | Cl A | M7518J104 |  | 270 | 3571 | SH |  | SOLE |  | 3571 | 0 | 0 |
| ON SEMICONDUCTOR CORP COM | COM | 682189105 |  | 220 | 4190 | SH |  | SOLE |  | 4190 | 0 | 0 |
| ORACLE CORP COM | COM | 68389X105 |  | 3592 | 16429 | SH |  | SOLE |  | 16429 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | COM | 67103H107 |  | 270 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Cl A | 69608A108 |  | 5352 | 39258 | SH |  | SOLE |  | 39258 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 618 | 3021 | SH |  | SOLE |  | 3021 | 0 | 0 |
| PAYPAL HLDGS INC COM | COM | 70450Y103 |  | 602 | 8106 | SH |  | SOLE |  | 8106 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 526 | 21693 | SH |  | SOLE |  | 21693 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 207 | 1737 | SH |  | SOLE |  | 1737 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 351 | 2203 | SH |  | SOLE |  | 2203 | 0 | 0 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 410 | 3903 | SH |  | SOLE |  | 3903 | 0 | 0 |
| QUALCOMM INC COM | COM | 747525103 |  | 1862 | 11692 | SH |  | SOLE |  | 11692 | 0 | 0 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 856 | 14864 | SH |  | SOLE |  | 14864 | 0 | 0 |
| RTX CORPORATION COM | COM | 75513E101 |  | 446 | 3052 | SH |  | SOLE |  | 3052 | 0 | 0 |
| S GLOBAL INC COM | COM | 78409V104 |  | 440 | 834 | SH |  | SOLE |  | 834 | 0 | 0 |
| SALESFORCE INC COM | COM | 79466L302 |  | 4937 | 18107 | SH |  | SOLE |  | 18107 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW CL A | Cl A | 78410G104 |  | 1715 | 7304 | SH |  | SOLE |  | 7304 | 0 | 0 |
| SELECT SECTOR SPDR TR ENERGY | ETF | 81369Y506 |  | 256 | 3020 | SH |  | SOLE |  | 3020 | 0 | 0 |
| SELECT SECTOR SPDR TR FINANCIAL | ETF | 81369Y605 |  | 1777 | 33933 | SH |  | SOLE |  | 33933 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI HEALTHCARE | ETF | 81369Y209 |  | 3326 | 24675 | SH |  | SOLE |  | 24675 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI INT-UTILS | ETF | 81369Y886 |  | 2306 | 28244 | SH |  | SOLE |  | 28244 | 0 | 0 |
| SERVICENOW INC COM | COM | 81762P102 |  | 263 | 255 | SH |  | SOLE |  | 255 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | Cl A | 82509L107 |  | 467 | 4045 | SH |  | SOLE |  | 4045 | 0 | 0 |
| SOFI TECHNOLOGIES INC COM | COM | 83406F102 |  | 2451 | 134600 | SH |  | SOLE |  | 134600 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE UT SER 1 | ETF | 78467X109 |  | 6473 | 14690 | SH |  | SOLE |  | 14690 | 0 | 0 |
| SPDR GOLD TR GOLD SHS | ETF | 78463V107 |  | 1121 | 3676 | SH |  | SOLE |  | 3676 | 0 | 0 |
| SPDR INDEX SHS FDS EURO STOXX 50 | ETF | 78463X202 |  | 285 | 4766 | SH |  | SOLE |  | 4766 | 0 | 0 |
| SPDR S 500 ETF TR TR UNIT | ETF | 78462F103 |  | 38698 | 62634 | SH |  | SOLE |  | 62634 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR UTSER1 S | ETF | 78467Y107 |  | 1611 | 2844 | SH |  | SOLE |  | 2844 | 0 | 0 |
| SPDR SERIES TRUST S BIOTECH | ETF | 78464A870 |  | 736 | 8877 | SH |  | SOLE |  | 8877 | 0 | 0 |
| SPDR SERIES TRUST S DIVID ETF | ETF | 78464A763 |  | 272 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| STARWOOD PPTY TR INC COM | COM | 85571B105 |  | 201 | 9999 | SH |  | SOLE |  | 9999 | 0 | 0 |
| STATE STR CORP COM | COM | 857477103 |  | 248 | 2330 | SH |  | SOLE |  | 2330 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 258 | 1139 | SH |  | SOLE |  | 1139 | 0 | 0 |
| TARGET CORP COM | COM | 87612E106 |  | 596 | 6044 | SH |  | SOLE |  | 6044 | 0 | 0 |
| TESLA INC COM | COM | 88160R101 |  | 68377 | 215251 | SH |  | SOLE |  | 215251 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 1038 | 2561 | SH |  | SOLE |  | 2561 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 1015 | 3255 | SH |  | SOLE |  | 3255 | 0 | 0 |
| VANECK ETF TRUST SEMICONDUCTR ETF | ETF | 92189F676 |  | 344 | 1233 | SH |  | SOLE |  | 1233 | 0 | 0 |
| VANGUARD BD INDEX FDS SHORT TRM BOND | ETF | 921937827 |  | 5878 | 74684 | SH |  | SOLE |  | 74684 | 0 | 0 |
| VANGUARD BD INDEX FDS TOTAL BND MRKT | ETF | 921937835 |  | 319 | 4339 | SH |  | SOLE |  | 4339 | 0 | 0 |
| VANGUARD INDEX FDS EXTEND MKT ETF | ETF | 922908652 |  | 460 | 2389 | SH |  | SOLE |  | 2389 | 0 | 0 |
| VANGUARD INDEX FDS MCAP GR IDXVIP | ETF | 922908538 |  | 327 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| VANGUARD INDEX FDS REAL ESTATE ETF | ETF | 922908553 |  | 3649 | 40976 | SH |  | SOLE |  | 40976 | 0 | 0 |
| VANGUARD INDEX FDS S 500 ETF SHS | ETF | 922908363 |  | 45589 | 80256 | SH |  | SOLE |  | 80256 | 0 | 0 |
| VANGUARD INDEX FDS TOTAL STK MKT | ETF | 922908769 |  | 10613 | 34918 | SH |  | SOLE |  | 34918 | 0 | 0 |
| VANGUARD INDEX FDS VALUE ETF | ETF | 922908744 |  | 3039 | 17194 | SH |  | SOLE |  | 17194 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF | ETF | 922042858 |  | 3456 | 69876 | SH |  | SOLE |  | 69876 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF | ETF | 922042874 |  | 572 | 7378 | SH |  | SOLE |  | 7378 | 0 | 0 |
| VANGUARD MUN BD FDS TAX EXEMPT BD | ETF | 922907746 |  | 547 | 11155 | SH |  | SOLE |  | 11155 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS DIV APP ETF | ETF | 921908844 |  | 19902 | 97238 | SH |  | SOLE |  | 97238 | 0 | 0 |
| VANGUARD WORLD FD HEALTH CAR ETF | ETF | 92204A504 |  | 8210 | 33059 | SH |  | SOLE |  | 33059 | 0 | 0 |
| VANGUARD WORLD FD INF TECH ETF | ETF | 92204A702 |  | 1716 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 1097 | 25342 | SH |  | SOLE |  | 25342 | 0 | 0 |
| VISA INC COM CL A | Cl A | 92826C839 |  | 2911 | 8199 | SH |  | SOLE |  | 8199 | 0 | 0 |
| WALMART INC COM | COM | 931142103 |  | 4289 | 43865 | SH |  | SOLE |  | 43865 | 0 | 0 |
| WELLS FARGO CO NEW COM | COM | 949746101 |  | 214 | 2667 | SH |  | SOLE |  | 2667 | 0 | 0 |
| WISDOMTREE TR US QTLY DIV GRT | ETF | 97717X669 |  | 1955 | 23346 | SH |  | SOLE |  | 23346 | 0 | 0 |
| ABRDN INCOME CREDIT STRATEGI COM | COM | 003057106 |  | 574 | 97219 | SH |  | SOLE |  | 97219 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Cl A | 084670108 |  | 7288 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| BLACKROCK MUN INCOME QUALITY COM | COM | 092479104 |  | 1741 | 164844 | SH |  | SOLE |  | 164844 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL COM | COM | 09254L107 |  | 299 | 28862 | SH |  | SOLE |  | 28862 | 0 | 0 |
| BLACKROCK SCIENCE  TECHNOLO SHS BEN INT | ETF | 09260K101 |  | 1035 | 49857 | SH |  | SOLE |  | 49857 | 0 | 0 |
| COLUMBIA ETF TR I MULTI SEC MUNI | ETF | 19761L607 |  | 819 | 40725 | SH |  | SOLE |  | 40725 | 0 | 0 |
| COLUMBIA ETF TR I RESH ENHNC COR | ETF | 19761L706 |  | 1493 | 40568 | SH |  | SOLE |  | 40568 | 0 | 0 |
| EA SERIES TRUST ALTRIUS GBL DIV | ETF | 02072L656 |  | 1124 | 31527 | SH |  | SOLE |  | 31527 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST INT EQ M | ETF | 33740U828 |  | 5074 | 207948 | SH |  | SOLE |  | 207948 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST INTER EQ | ETF | 33740F573 |  | 1524 | 59743 | SH |  | SOLE |  | 59743 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST U.S | ETF | 33740U844 |  | 3877 | 94380 | SH |  | SOLE |  | 94380 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST U.S EQT | ETF | 33740F433 |  | 1177 | 31290 | SH |  | SOLE |  | 31290 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST U.S EQT | ETF | 33740F482 |  | 321 | 8248 | SH |  | SOLE |  | 8248 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740F474 |  | 588 | 15380 | SH |  | SOLE |  | 15380 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740F516 |  | 2463 | 61615 | SH |  | SOLE |  | 61615 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740F599 |  | 731 | 16313 | SH |  | SOLE |  | 16313 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740F722 |  | 2371 | 44186 | SH |  | SOLE |  | 44186 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740F763 |  | 4645 | 88619 | SH |  | SOLE |  | 88619 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740U208 |  | 621 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI FT VEST US EQT | ETF | 33740U307 |  | 432 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD INVT GRD DEFSV | ETF | 46139W502 |  | 704 | 28494 | SH |  | SOLE |  | 28494 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME COM | COM | 67066Y105 |  | 3575 | 320013 | SH |  | SOLE |  | 320013 | 0 | 0 |
| NUVEEN DYNAMIC MUN OPPORTUNI COM SHS | COM | 67079X102 |  | 511 | 50726 | SH |  | SOLE |  | 50726 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME COM | COM | 67066V101 |  | 3480 | 308249 | SH |  | SOLE |  | 308249 | 0 | 0 |
| WELLS FARGO CO NEW PERP PFD CNV A | COM | 949746804 |  | 4041 | 3442 | SH |  | SOLE |  | 3442 | 0 | 0 |

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