# EDGAR Filing Document

**Accession Number:** 0001806027
**File Stem:** 0001172661-23-000865
**Filing Date:** 2023-2
**Character Count:** 19608
**Document Hash:** e346ee15b8ab00cc2f1766184169072b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000865.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001172661-23-000865

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aspen Grove Capital, LLC
- **CENTRAL INDEX KEY:** 0001806027
- **IRS NUMBER:** 275390783
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22986
- **FILM NUMBER:** 23623263

**BUSINESS ADDRESS:**
- **STREET 1:** 90 BENCHMARK RD SUITE 201
- **STREET 2:** PO BOX 9389
- **CITY:** AVON
- **STATE:** CO
- **ZIP:** 81620
- **BUSINESS PHONE:** 970-688-4188

**MAIL ADDRESS:**
- **STREET 1:** 90 BENCHMARK RD SUITE 201
- **STREET 2:** PO BOX 9389
- **CITY:** AVON
- **STATE:** CO
- **ZIP:** 81620

### FORM 13F COVER PAGE

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

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Aspen Grove Capital LLC<br>**Address:** 90 Benchmark Rd Suite 201<br>Po Box 9389<br>Avon, CO 81620

**Form 13F File Number:** 028-22986

**CRD Number (if applicable):** 000158166

**SEC File Number (if applicable):** 801-78138

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:** Richard Geisman<br>**Title:** Chief Compliance Officer<br>**Phone:** 970-688-4188

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

/s/ Richard Geisman  Avon, CO  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 163

**Form 13F Information Table Value Total:** $216108056

      (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 |
| 22ND CENTY GROUP INC | COM | 90137F103 |  | 12887 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| ABBOTT LABS | COM | 002824100 |  | 365491 | 3329 | SH |  | SOLE |  | 0 | 0 | 3329 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1436667 | 5384 | SH |  | SOLE |  | 0 | 0 | 5384 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 248359 | 738 | SH |  | SOLE |  | 0 | 0 | 738 |
| ALCON AG | ORD SHS | H01301128 |  | 838504 | 12232 | SH |  | SOLE |  | 0 | 0 | 12232 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2456676 | 27844 | SH |  | SOLE |  | 0 | 0 | 27844 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1958539 | 22073 | SH |  | SOLE |  | 0 | 0 | 22073 |
| AMAZON COM INC | COM | 023135106 |  | 3021396 | 35969 | SH |  | SOLE |  | 0 | 0 | 35969 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 56461 | 19862 | SH |  | SOLE |  | 0 | 0 | 19862 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 246067 | 3891 | SH |  | SOLE |  | 0 | 0 | 3891 |
| AMGEN INC | COM | 031162100 |  | 660278 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| ANALOG DEVICES INC | COM | 032654105 |  | 200280 | 1221 | SH |  | SOLE |  | 0 | 0 | 1221 |
| AON PLC | SHS CL A | G0403H108 |  | 1311011 | 4368 | SH |  | SOLE |  | 0 | 0 | 4368 |
| APPLE INC | COM | 037833100 |  | 6438032 | 49550 | SH |  | SOLE |  | 0 | 0 | 49550 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 |  | 216327 | 34502 | SH |  | SOLE |  | 0 | 0 | 34502 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 311448 | 570 | SH |  | SOLE |  | 0 | 0 | 570 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 300151 | 4427 | SH |  | SOLE |  | 0 | 0 | 4427 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 261863 | 2035 | SH |  | SOLE |  | 0 | 0 | 2035 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 922411 | 3860 | SH |  | SOLE |  | 0 | 0 | 3860 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 75221 | 12516 | SH |  | SOLE |  | 0 | 0 | 12516 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 160681 | 54468 | SH |  | SOLE |  | 0 | 0 | 54468 |
| BANK AMERICA CORP | COM | 060505104 |  | 3969710 | 119858 | SH |  | SOLE |  | 0 | 0 | 119858 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 3888773 | 85430 | SH |  | SOLE |  | 0 | 0 | 85430 |
| BAXTER INTL INC | COM | 071813109 |  | 1496472 | 29195 | SH |  | SOLE |  | 0 | 0 | 29195 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1045009 | 3383 | SH |  | SOLE |  | 0 | 0 | 3383 |
| BLACKSTONE INC | COM | 09260D107 |  | 499373 | 6731 | SH |  | SOLE |  | 0 | 0 | 6731 |
| BLADE AIR MOBILITY INC | CL A COM | 092667104 |  | 447500 | 125000 | SH |  | SOLE |  | 0 | 0 | 125000 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 566534 | 7874 | SH |  | SOLE |  | 0 | 0 | 7874 |
| BROADCOM INC | COM | 11135F101 |  | 701708 | 1255 | SH |  | SOLE |  | 0 | 0 | 1255 |
| CADRE HLDGS INC | COM | 12763L105 |  | 2064350 | 102500 | SH |  | SOLE |  | 0 | 0 | 102500 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 453239 | 6065 | SH |  | SOLE |  | 0 | 0 | 6065 |
| CHEVRON CORP NEW | COM | 166764100 |  | 553727 | 3085 | SH |  | SOLE |  | 0 | 0 | 3085 |
| CINTAS CORP | COM | 172908105 |  | 763238 | 1690 | SH |  | SOLE |  | 0 | 0 | 1690 |
| CISCO SYS INC | COM | 17275R102 |  | 332194 | 6973 | SH |  | SOLE |  | 0 | 0 | 6973 |
| CLARUS CORP NEW | COM | 18270P109 |  | 132339 | 16880 | SH |  | SOLE |  | 0 | 0 | 16880 |
| COCA COLA CO | COM | 191216100 |  | 268117 | 4215 | SH |  | SOLE |  | 0 | 0 | 4215 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 233645 | 6602 | SH |  | SOLE |  | 0 | 0 | 6602 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 608259 | 7720 | SH |  | SOLE |  | 0 | 0 | 7720 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 937860 | 26819 | SH |  | SOLE |  | 0 | 0 | 26819 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 439902 | 3706 | SH |  | SOLE |  | 0 | 0 | 3706 |
| COSTAR GROUP INC | COM | 22160N109 |  | 204096 | 2641 | SH |  | SOLE |  | 0 | 0 | 2641 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1566252 | 3431 | SH |  | SOLE |  | 0 | 0 | 3431 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 140327 | 10543 | SH |  | SOLE |  | 0 | 0 | 10543 |
| CROWN CASTLE INC | COM | 22822V101 |  | 662737 | 4886 | SH |  | SOLE |  | 0 | 0 | 4886 |
| CVS HEALTH CORP | COM | 126650100 |  | 200451 | 2151 | SH |  | SOLE |  | 0 | 0 | 2151 |
| DANAHER CORPORATION | COM | 235851102 |  | 2276385 | 8575 | SH |  | SOLE |  | 0 | 0 | 8575 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 |  | 301310 | 36790 | SH |  | SOLE |  | 0 | 0 | 36790 |
| DISNEY WALT CO | COM | 254687106 |  | 224151 | 2580 | SH |  | SOLE |  | 0 | 0 | 2580 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 362937 | 3524 | SH |  | SOLE |  | 0 | 0 | 3524 |
| ECOLAB INC | COM | 278865100 |  | 568762 | 3906 | SH |  | SOLE |  | 0 | 0 | 3906 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 204163 | 398 | SH |  | SOLE |  | 0 | 0 | 398 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 356112 | 30001 | SH |  | SOLE |  | 0 | 0 | 30001 |
| EPAM SYS INC | COM | 29414B104 |  | 249411 | 761 | SH |  | SOLE |  | 0 | 0 | 761 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 819971 | 7434 | SH |  | SOLE |  | 0 | 0 | 7434 |
| FERRARI N V | COM | N3167Y103 |  | 317903 | 1484 | SH |  | SOLE |  | 0 | 0 | 1484 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 250766 | 2057 | SH |  | SOLE |  | 0 | 0 | 2057 |
| FOX CORP | CL A COM | 35137L105 |  | 514043 | 16926 | SH |  | SOLE |  | 0 | 0 | 16926 |
| GRACO INC | COM | 384109104 |  | 496782 | 7386 | SH |  | SOLE |  | 0 | 0 | 7386 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 1056916 | 30008 | SH |  | SOLE |  | 0 | 0 | 30008 |
| HALEON PLC | SPON ADS | 405552100 |  | 236304 | 29538 | SH |  | SOLE |  | 0 | 0 | 29538 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 167745 | 10433 | SH |  | SOLE |  | 0 | 0 | 10433 |
| HIMAX TECHNOLOGIES INC | SPONSORED ADR | 43289P106 |  | 77147 | 12423 | SH |  | SOLE |  | 0 | 0 | 12423 |
| HOME DEPOT INC | COM | 437076102 |  | 1040758 | 3295 | SH |  | SOLE |  | 0 | 0 | 3295 |
| HONEYWELL INTL INC | COM | 438516106 |  | 3218785 | 15020 | SH |  | SOLE |  | 0 | 0 | 15020 |
| HP INC | COM | 40434L105 |  | 270819 | 9982 | SH |  | SOLE |  | 0 | 0 | 9982 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 279447 | 12766 | SH |  | SOLE |  | 0 | 0 | 12766 |
| ICON PLC | SHS | G4705A100 |  | 266900 | 1374 | SH |  | SOLE |  | 0 | 0 | 1374 |
| IDEXX LABS INC | COM | 45168D104 |  | 825303 | 2023 | SH |  | SOLE |  | 0 | 0 | 2023 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 7352908 | 52189 | SH |  | SOLE |  | 0 | 0 | 52189 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 1220591 | 22421 | SH |  | SOLE |  | 0 | 0 | 22421 |
| ISHARES INC | MSCI THAILND ETF | 464286624 |  | 306465 | 4076 | SH |  | SOLE |  | 0 | 0 | 4076 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 1321886 | 47261 | SH |  | SOLE |  | 0 | 0 | 47261 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 2014765 | 40743 | SH |  | SOLE |  | 0 | 0 | 40743 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 |  | 2533730 | 144537 | SH |  | SOLE |  | 0 | 0 | 144537 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 588649 | 4881 | SH |  | SOLE |  | 0 | 0 | 4881 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 295106 | 1220 | SH |  | SOLE |  | 0 | 0 | 1220 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 259651 | 2260 | SH |  | SOLE |  | 0 | 0 | 2260 |
| ISHARES TR | CORE S ETF | 464287200 |  | 17044709 | 44363 | SH |  | SOLE |  | 0 | 0 | 44363 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 350271 | 6114 | SH |  | SOLE |  | 0 | 0 | 6114 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 470283 | 10474 | SH |  | SOLE |  | 0 | 0 | 10474 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 |  | 369546 | 7551 | SH |  | SOLE |  | 0 | 0 | 7551 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1546040 | 8752 | SH |  | SOLE |  | 0 | 0 | 8752 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1582380 | 11800 | SH |  | SOLE |  | 0 | 0 | 11800 |
| KRANESHARES TR | CSI CHI INTERNET | 500767306 |  | 643260 | 21300 | SH |  | SOLE |  | 0 | 0 | 21300 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 114925 | 10335 | SH |  | SOLE |  | 0 | 0 | 10335 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 1054467 | 4250 | SH |  | SOLE |  | 0 | 0 | 4250 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 788479 | 10338 | SH |  | SOLE |  | 0 | 0 | 10338 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 1128269 | 14875 | SH |  | SOLE |  | 0 | 0 | 14875 |
| LIBERTY MEDIA CORP DEL | COM A SIRIUSXM | 531229409 |  | 393100 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| LILLY ELI  CO | COM | 532457108 |  | 326695 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| LINDE PLC | SHS | G5494J103 |  | 276601 | 848 | SH |  | SOLE |  | 0 | 0 | 848 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 758004 | 10869 | SH |  | SOLE |  | 0 | 0 | 10869 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 157326 | 71512 | SH |  | SOLE |  | 0 | 0 | 71512 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 4590405 | 14328 | SH |  | SOLE |  | 0 | 0 | 14328 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 962864 | 2769 | SH |  | SOLE |  | 0 | 0 | 2769 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 748425 | 9029 | SH |  | SOLE |  | 0 | 0 | 9029 |
| MCDONALDS CORP | COM | 580135101 |  | 206608 | 784 | SH |  | SOLE |  | 0 | 0 | 784 |
| MERCK  CO INC | COM | 58933Y105 |  | 1018433 | 9153 | SH |  | SOLE |  | 0 | 0 | 9153 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1595106 | 13255 | SH |  | SOLE |  | 0 | 0 | 13255 |
| METLIFE INC | COM | 59156R108 |  | 205603 | 2841 | SH |  | SOLE |  | 0 | 0 | 2841 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 235609 | 163 | SH |  | SOLE |  | 0 | 0 | 163 |
| MICROSOFT CORP | COM | 594918104 |  | 2271337 | 9471 | SH |  | SOLE |  | 0 | 0 | 9471 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 70659 | 10594 | SH |  | SOLE |  | 0 | 0 | 10594 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3054003 | 35921 | SH |  | SOLE |  | 0 | 0 | 35921 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 755332 | 2921 | SH |  | SOLE |  | 0 | 0 | 2921 |
| MSCI INC | COM | 55354G100 |  | 854052 | 1836 | SH |  | SOLE |  | 0 | 0 | 1836 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 394760 | 4722 | SH |  | SOLE |  | 0 | 0 | 4722 |
| NIKE INC | CL B | 654106103 |  | 302587 | 2586 | SH |  | SOLE |  | 0 | 0 | 2586 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 222610 | 408 | SH |  | SOLE |  | 0 | 0 | 408 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 411163 | 3038 | SH |  | SOLE |  | 0 | 0 | 3038 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 381133 | 2608 | SH |  | SOLE |  | 0 | 0 | 2608 |
| ORACLE CORP | COM | 68389X105 |  | 226583 | 2772 | SH |  | SOLE |  | 0 | 0 | 2772 |
| PEPSICO INC | COM | 713448108 |  | 1411400 | 7793 | SH |  | SOLE |  | 0 | 0 | 7793 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 |  | 496777 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 138716 | 12286 | SH |  | SOLE |  | 0 | 0 | 12286 |
| PFIZER INC | COM | 717081103 |  | 5797398 | 113142 | SH |  | SOLE |  | 0 | 0 | 113142 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 522148 | 5095 | SH |  | SOLE |  | 0 | 0 | 5095 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 330098 | 2178 | SH |  | SOLE |  | 0 | 0 | 2178 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1338866 | 10322 | SH |  | SOLE |  | 0 | 0 | 10322 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 447278 | 4432 | SH |  | SOLE |  | 0 | 0 | 4432 |
| RESMED INC | COM | 761152107 |  | 279935 | 1345 | SH |  | SOLE |  | 0 | 0 | 1345 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 560000 | 80000 | SH |  | SOLE |  | 0 | 0 | 80000 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 889673 | 2059 | SH |  | SOLE |  | 0 | 0 | 2059 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 |  | 2466803 | 26237 | SH |  | SOLE |  | 0 | 0 | 26237 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 466865 | 9640 | SH |  | SOLE |  | 0 | 0 | 9640 |
| SHELL PLC | SPON ADS | 780259305 |  | 253257 | 4447 | SH |  | SOLE |  | 0 | 0 | 4447 |
| SNAP INC | CL A | 83304A106 |  | 360282 | 40255 | SH |  | SOLE |  | 0 | 0 | 40255 |
| SNOWFLAKE INC | CL A | 833445109 |  | 214737 | 1496 | SH |  | SOLE |  | 0 | 0 | 1496 |
| SOUTHERN CO | COM | 842587107 |  | 214016 | 2997 | SH |  | SOLE |  | 0 | 0 | 2997 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 21641559 | 56330 | SH |  | SOLE |  | 0 | 0 | 56330 |
| SPDR SER TR | OILGAS EQUIP | 78468R549 |  | 1542019 | 19336 | SH |  | SOLE |  | 0 | 0 | 19336 |
| SPDR SER TR | S BK ETF | 78464A797 |  | 1679076 | 37189 | SH |  | SOLE |  | 0 | 0 | 37189 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 6406508 | 51207 | SH |  | SOLE |  | 0 | 0 | 51207 |
| STERIS PLC | SHS USD | G8473T100 |  | 257457 | 1394 | SH |  | SOLE |  | 0 | 0 | 1394 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 394991 | 5279 | SH |  | SOLE |  | 0 | 0 | 5279 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 |  | 158371 | 10152 | SH |  | SOLE |  | 0 | 0 | 10152 |
| TEGNA INC | COM | 87901J105 |  | 255420 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| TEXAS INSTRS INC | COM | 882508104 |  | 279387 | 1691 | SH |  | SOLE |  | 0 | 0 | 1691 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 593959 | 1078 | SH |  | SOLE |  | 0 | 0 | 1078 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1111564 | 44948 | SH |  | SOLE |  | 0 | 0 | 44948 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 389153 | 734 | SH |  | SOLE |  | 0 | 0 | 734 |
| VANECK ETF TRUST | BIOTECH ETF | 92189F726 |  | 1574489 | 9857 | SH |  | SOLE |  | 0 | 0 | 9857 |
| VANECK ETF TRUST | PHARMACEUTCL ETF | 92189F692 |  | 1918075 | 24673 | SH |  | SOLE |  | 0 | 0 | 24673 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 252108 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 7751965 | 40546 | SH |  | SOLE |  | 0 | 0 | 40546 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2085906 | 5937 | SH |  | SOLE |  | 0 | 0 | 5937 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 458990 | 11775 | SH |  | SOLE |  | 0 | 0 | 11775 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 4291563 | 49792 | SH |  | SOLE |  | 0 | 0 | 49792 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 350587 | 7084 | SH |  | SOLE |  | 0 | 0 | 7084 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 260369 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 516622 | 8935 | SH |  | SOLE |  | 0 | 0 | 8935 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 7841218 | 51638 | SH |  | SOLE |  | 0 | 0 | 51638 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 9636923 | 229615 | SH |  | SOLE |  | 0 | 0 | 229615 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 1457619 | 17619 | SH |  | SOLE |  | 0 | 0 | 17619 |
| VELO3D INC | COMMON STOCK | 92259N104 |  | 25060 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 312481 | 7931 | SH |  | SOLE |  | 0 | 0 | 7931 |
| VIATRIS INC | COM | 92556V106 |  | 163299 | 14672 | SH |  | SOLE |  | 0 | 0 | 14672 |
| VISA INC | COM CL A | 92826C839 |  | 1180907 | 5684 | SH |  | SOLE |  | 0 | 0 | 5684 |
| VMWARE INC | CL A COM | 928563402 |  | 210533 | 1715 | SH |  | SOLE |  | 0 | 0 | 1715 |
| WALMART INC | COM | 931142103 |  | 206319 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3268805 | 79167 | SH |  | SOLE |  | 0 | 0 | 79167 |
| ZOETIS INC | CL A | 98978V103 |  | 1515034 | 10338 | SH |  | SOLE |  | 0 | 0 | 10338 |

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