# EDGAR Filing Document

**Accession Number:** 0001842840
**File Stem:** 0001754960-25-000749
**Filing Date:** 2025-11
**Character Count:** 18254
**Document Hash:** b391492633aaade123743da952128a99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-25-000749.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001754960-25-000749

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251104

**EFFECTIVENESS DATE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lokken Investment Group LLC
- **CENTRAL INDEX KEY:** 0001842840

**ORGANIZATION NAME:**
- **EIN:** 263694539
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20609
- **FILM NUMBER:** 251451423

**BUSINESS ADDRESS:**
- **STREET 1:** 1413 SAVANNAH ROAD
- **STREET 2:** SUITE 4
- **CITY:** LEWES
- **STATE:** DE
- **ZIP:** 19958
- **BUSINESS PHONE:** 3026456650

**MAIL ADDRESS:**
- **STREET 1:** 1413 SAVANNAH ROAD
- **STREET 2:** SUITE 4
- **CITY:** LEWES
- **STATE:** DE
- **ZIP:** 19958

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Lokken Investment Group LLC<br>**Address:** 1413 SAVANNAH ROAD<br>SUITE 4<br>LEWES, DE 19958

**Form 13F File Number:** 028-20609

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:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

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

Aryn Sands  Reno, NV  11-04-2025<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:** 148

**Form 13F Information Table Value Total:** $291202508

      (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 |
| LINDE PLC | SHS | G54950103 |  | 1440962 | 3034 | SH |  | SOLE |  | 0 | 0 | 3034 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 344936 | 1066 | SH |  | SOLE |  | 0 | 0 | 1066 |
| AFLAC INC | COM | 001055102 |  | 314599 | 2816 | SH |  | SOLE |  | 0 | 0 | 2816 |
| AT INC | COM | 00206R102 |  | 240496 | 8516 | SH |  | SOLE |  | 0 | 0 | 8516 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 2219377 | 25717 | SH |  | SOLE |  | 0 | 0 | 25717 |
| ABBOTT LABS | COM | 002824100 |  | 1653373 | 12344 | SH |  | SOLE |  | 0 | 0 | 12344 |
| ABBVIE INC | COM | 00287Y109 |  | 405168 | 1750 | SH |  | SOLE |  | 0 | 0 | 1750 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 290575 | 1796 | SH |  | SOLE |  | 0 | 0 | 1796 |
| EA SERIES TRUST | MARKETDESK FOCUS | 02072Q762 |  | 2639138 | 88177 | SH |  | SOLE |  | 0 | 0 | 88177 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 303959 | 1248 | SH |  | SOLE |  | 0 | 0 | 1248 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 887320 | 3650 | SH |  | SOLE |  | 0 | 0 | 3650 |
| AMAZON COM INC | COM | 023135106 |  | 909898 | 4144 | SH |  | SOLE |  | 0 | 0 | 4144 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 238950 | 2124 | SH |  | SOLE |  | 0 | 0 | 2124 |
| AMGEN INC | COM | 031162100 |  | 1433695 | 5080 | SH |  | SOLE |  | 0 | 0 | 5080 |
| ANNOVIS BIO INC | COM | 03615A108 |  | 60543 | 29248 | SH |  | SOLE |  | 0 | 0 | 29248 |
| APPLE INC | COM | 037833100 |  | 9153768 | 35949 | SH |  | SOLE |  | 0 | 0 | 35949 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 279817 | 953 | SH |  | SOLE |  | 0 | 0 | 953 |
| BANK AMERICA CORP | COM | 060505104 |  | 485256 | 9406 | SH |  | SOLE |  | 0 | 0 | 9406 |
| BELPOINTE PREP LLC | UNIT RP LTD LB A | 080694102 |  | 228736 | 3574 | SH |  | SOLE |  | 0 | 0 | 3574 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4837867 | 9623 | SH |  | SOLE |  | 0 | 0 | 9623 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254G108 |  | 228253 | 22757 | SH |  | SOLE |  | 0 | 0 | 22757 |
| BLACKSTONE INC | COM | 09260D107 |  | 942492 | 5516 | SH |  | SOLE |  | 0 | 0 | 5516 |
| BLACKROCK INC | COM | 09290D101 |  | 1918771 | 1646 | SH |  | SOLE |  | 0 | 0 | 1646 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 222184 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| BROADCOM INC | COM | 11135F101 |  | 3489977 | 10579 | SH |  | SOLE |  | 0 | 0 | 10579 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 227853 | 11812 | SH |  | SOLE |  | 0 | 0 | 11812 |
| CAPITOL SER TR | FAIRLEAD TACTICA | 14064D550 |  | 325428 | 10844 | SH |  | SOLE |  | 0 | 0 | 10844 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 316185 | 16050 | SH |  | SOLE |  | 0 | 0 | 16050 |
| CATERPILLAR INC | COM | 149123101 |  | 318055 | 667 | SH |  | SOLE |  | 0 | 0 | 667 |
| CHEVRON CORP NEW | COM | 166764100 |  | 490903 | 3161 | SH |  | SOLE |  | 0 | 0 | 3161 |
| CISCO SYS INC | COM | 17275R102 |  | 2041033 | 29831 | SH |  | SOLE |  | 0 | 0 | 29831 |
| COCA COLA CO | COM | 191216100 |  | 326779 | 4927 | SH |  | SOLE |  | 0 | 0 | 4927 |
| COHEN  STEERS CLOSED-END OP | COM | 19248P106 |  | 166508 | 12769 | SH |  | SOLE |  | 0 | 0 | 12769 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1170615 | 37257 | SH |  | SOLE |  | 0 | 0 | 37257 |
| DEERE  CO | COM | 244199105 |  | 491097 | 1074 | SH |  | SOLE |  | 0 | 0 | 1074 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 299709 | 2422 | SH |  | SOLE |  | 0 | 0 | 2422 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 263907 | 3388 | SH |  | SOLE |  | 0 | 0 | 3388 |
| EMERSON ELEC CO | COM | 291011104 |  | 236536 | 1803 | SH |  | SOLE |  | 0 | 0 | 1803 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2848426 | 25263 | SH |  | SOLE |  | 0 | 0 | 25263 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 1349762 | 13323 | SH |  | SOLE |  | 0 | 0 | 13323 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 9460467 | 204595 | SH |  | SOLE |  | 0 | 0 | 204595 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 4576295 | 48871 | SH |  | SOLE |  | 0 | 0 | 48871 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 5210354 | 53893 | SH |  | SOLE |  | 0 | 0 | 53893 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 5892588 | 323059 | SH |  | SOLE |  | 0 | 0 | 323059 |
| FIRST TR EXCH TRADED FD III | MUNI HI INCM ETF | 33739P301 |  | 350054 | 7368 | SH |  | SOLE |  | 0 | 0 | 7368 |
| HOME DEPOT INC | COM | 437076102 |  | 508693 | 1255 | SH |  | SOLE |  | 0 | 0 | 1255 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1484672 | 7053 | SH |  | SOLE |  | 0 | 0 | 7053 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1482396 | 5685 | SH |  | SOLE |  | 0 | 0 | 5685 |
| NEW YORK LIFE INVTS ACTIVE E | NYLI MACKAY MUN | 45409F827 |  | 445613 | 18338 | SH |  | SOLE |  | 0 | 0 | 18338 |
| INTEL CORP | COM | 458140100 |  | 349460 | 10416 | SH |  | SOLE |  | 0 | 0 | 10416 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 647301 | 2294 | SH |  | SOLE |  | 0 | 0 | 2294 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2082990 | 3470 | SH |  | SOLE |  | 0 | 0 | 3470 |
| INVESCO EXCH TRD SLF IDX FD | RAFI STRATGIC US | 46138J742 |  | 474053 | 8586 | SH |  | SOLE |  | 0 | 0 | 8586 |
| IRON MTN INC DEL | COM | 46284V101 |  | 354649 | 3479 | SH |  | SOLE |  | 0 | 0 | 3479 |
| ISHARES TR | CORE S ETF | 464287200 |  | 902717 | 1349 | SH |  | SOLE |  | 0 | 0 | 1349 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1809107 | 18755 | SH |  | SOLE |  | 0 | 0 | 18755 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1100716 | 13268 | SH |  | SOLE |  | 0 | 0 | 13268 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 290116 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 393464 | 840 | SH |  | SOLE |  | 0 | 0 | 840 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1232334 | 3252 | SH |  | SOLE |  | 0 | 0 | 3252 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 379603 | 3555 | SH |  | SOLE |  | 0 | 0 | 3555 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 273786 | 2571 | SH |  | SOLE |  | 0 | 0 | 2571 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 948108 | 41008 | SH |  | SOLE |  | 0 | 0 | 41008 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 210224 | 9335 | SH |  | SOLE |  | 0 | 0 | 9335 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 209052 | 9109 | SH |  | SOLE |  | 0 | 0 | 9109 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 207925 | 8899 | SH |  | SOLE |  | 0 | 0 | 8899 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 336765 | 5181 | SH |  | SOLE |  | 0 | 0 | 5181 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 633434 | 2008 | SH |  | SOLE |  | 0 | 0 | 2008 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 2622876 | 35666 | SH |  | SOLE |  | 0 | 0 | 35666 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 2219821 | 38876 | SH |  | SOLE |  | 0 | 0 | 38876 |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 |  | 217108 | 3451 | SH |  | SOLE |  | 0 | 0 | 3451 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 5525206 | 108914 | SH |  | SOLE |  | 0 | 0 | 108914 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 554463 | 9639 | SH |  | SOLE |  | 0 | 0 | 9639 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1586840 | 8558 | SH |  | SOLE |  | 0 | 0 | 8558 |
| ELI LILLY  CO | COM | 532457108 |  | 3120526 | 4090 | SH |  | SOLE |  | 0 | 0 | 4090 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 612290 | 1227 | SH |  | SOLE |  | 0 | 0 | 1227 |
| LOWES COS INC | COM | 548661107 |  | 1914325 | 7617 | SH |  | SOLE |  | 0 | 0 | 7617 |
| MARATHON PETE CORP | COM | 56585A102 |  | 934769 | 4850 | SH |  | SOLE |  | 0 | 0 | 4850 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 601304 | 2309 | SH |  | SOLE |  | 0 | 0 | 2309 |
| MCDONALDS CORP | COM | 580135101 |  | 778884 | 2563 | SH |  | SOLE |  | 0 | 0 | 2563 |
| MICROSOFT CORP | COM | 594918104 |  | 6652165 | 12843 | SH |  | SOLE |  | 0 | 0 | 12843 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 411634 | 2590 | SH |  | SOLE |  | 0 | 0 | 2590 |
| NATIXIS ETF TR | GATEWAY QUALITY | 63873X307 |  | 6499561 | 115961 | SH |  | SOLE |  | 0 | 0 | 115961 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1840034 | 24375 | SH |  | SOLE |  | 0 | 0 | 24375 |
| NISOURCE INC | COM | 65473P105 |  | 204663 | 4727 | SH |  | SOLE |  | 0 | 0 | 4727 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 229730 | 765 | SH |  | SOLE |  | 0 | 0 | 765 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2164956 | 11603 | SH |  | SOLE |  | 0 | 0 | 11603 |
| ORACLE CORP | COM | 68389X105 |  | 770035 | 2738 | SH |  | SOLE |  | 0 | 0 | 2738 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 292051 | 1453 | SH |  | SOLE |  | 0 | 0 | 1453 |
| PACER FDS TR | METAURUS CAP 400 | 69374H436 |  | 2637362 | 62944 | SH |  | SOLE |  | 0 | 0 | 62944 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1052726 | 18318 | SH |  | SOLE |  | 0 | 0 | 18318 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 317228 | 1739 | SH |  | SOLE |  | 0 | 0 | 1739 |
| PEPSICO INC | COM | 713448108 |  | 1378282 | 9814 | SH |  | SOLE |  | 0 | 0 | 9814 |
| PFIZER INC | COM | 717081103 |  | 483318 | 18969 | SH |  | SOLE |  | 0 | 0 | 18969 |
| PHILLIPS 66 | COM | 718546104 |  | 1442290 | 10604 | SH |  | SOLE |  | 0 | 0 | 10604 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 8738807 | 325589 | SH |  | SOLE |  | 0 | 0 | 325589 |
| PIMCO ETF TR | COMMODITY STRAT | 72201R593 |  | 4181007 | 152591 | SH |  | SOLE |  | 0 | 0 | 152591 |
| PIMCO ETF TR | MUNI INCOME OPP | 72201R635 |  | 1965002 | 43368 | SH |  | SOLE |  | 0 | 0 | 43368 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 685492 | 7343 | SH |  | SOLE |  | 0 | 0 | 7343 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1921562 | 12506 | SH |  | SOLE |  | 0 | 0 | 12506 |
| RTX CORPORATION | COM | 75513E101 |  | 428566 | 2561 | SH |  | SOLE |  | 0 | 0 | 2561 |
| RBB FUND TRUST | FIRST EAGLE OVER | 75526L878 |  | 9002528 | 195181 | SH |  | SOLE |  | 0 | 0 | 195181 |
| S GLOBAL INC | COM | 78409V104 |  | 1435868 | 2950 | SH |  | SOLE |  | 0 | 0 | 2950 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2297022 | 3448 | SH |  | SOLE |  | 0 | 0 | 3448 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 11716647 | 32961 | SH |  | SOLE |  | 0 | 0 | 32961 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 |  | 1052175 | 30131 | SH |  | SOLE |  | 0 | 0 | 30131 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 3345880 | 36467 | SH |  | SOLE |  | 0 | 0 | 36467 |
| SSGA ACTIVE TR | SPDR SSGA US SCT | 78470P408 |  | 1004476 | 16851 | SH |  | SOLE |  | 0 | 0 | 16851 |
| SALESFORCE INC | COM | 79466L302 |  | 577029 | 2435 | SH |  | SOLE |  | 0 | 0 | 2435 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 3409253 | 132604 | SH |  | SOLE |  | 0 | 0 | 132604 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1530394 | 10997 | SH |  | SOLE |  | 0 | 0 | 10997 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1132788 | 12680 | SH |  | SOLE |  | 0 | 0 | 12680 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 295728 | 5490 | SH |  | SOLE |  | 0 | 0 | 5490 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 252892 | 897 | SH |  | SOLE |  | 0 | 0 | 897 |
| SOUTHERN CO | COM | 842587107 |  | 461825 | 4873 | SH |  | SOLE |  | 0 | 0 | 4873 |
| SPROTT FDS TR | SPROTT CRITICAL | 85208P402 |  | 236737 | 9413 | SH |  | SOLE |  | 0 | 0 | 9413 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 289447 | 7889 | SH |  | SOLE |  | 0 | 0 | 7889 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1536712 | 4524 | SH |  | SOLE |  | 0 | 0 | 4524 |
| STRYKER CORPORATION | COM | 863667101 |  | 1631671 | 4414 | SH |  | SOLE |  | 0 | 0 | 4414 |
| TJX COS INC NEW | COM | 872540109 |  | 256660 | 1776 | SH |  | SOLE |  | 0 | 0 | 1776 |
| TESLA INC | COM | 88160R101 |  | 229476 | 516 | SH |  | SOLE |  | 0 | 0 | 516 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1258899 | 6852 | SH |  | SOLE |  | 0 | 0 | 6852 |
| THORNBURG INCM BUILDER OPP T | COM | 885213108 |  | 925063 | 46509 | SH |  | SOLE |  | 0 | 0 | 46509 |
| 3M CO | COM | 88579Y101 |  | 239702 | 1545 | SH |  | SOLE |  | 0 | 0 | 1545 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1481812 | 7755 | SH |  | SOLE |  | 0 | 0 | 7755 |
| UNIFIED SER TR | BALLAST SMLMD CP | 90470L550 |  | 10259118 | 232897 | SH |  | SOLE |  | 0 | 0 | 232897 |
| UNION PAC CORP | COM | 907818108 |  | 1317808 | 5575 | SH |  | SOLE |  | 0 | 0 | 5575 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2052495 | 5944 | SH |  | SOLE |  | 0 | 0 | 5944 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 202950 | 1192 | SH |  | SOLE |  | 0 | 0 | 1192 |
| VANECK ETF TRUST | FABLESS SEMICOND | 92189H664 |  | 2160944 | 56451 | SH |  | SOLE |  | 0 | 0 | 56451 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 7739364 | 145751 | SH |  | SOLE |  | 0 | 0 | 145751 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1701359 | 21561 | SH |  | SOLE |  | 0 | 0 | 21561 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 338223 | 453 | SH |  | SOLE |  | 0 | 0 | 453 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1814101 | 25418 | SH |  | SOLE |  | 0 | 0 | 25418 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 687236 | 2335 | SH |  | SOLE |  | 0 | 0 | 2335 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 620263 | 5147 | SH |  | SOLE |  | 0 | 0 | 5147 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 441691 | 4942 | SH |  | SOLE |  | 0 | 0 | 4942 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1403771 | 28036 | SH |  | SOLE |  | 0 | 0 | 28036 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 223248 | 2442 | SH |  | SOLE |  | 0 | 0 | 2442 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 7417516 | 25252 | SH |  | SOLE |  | 0 | 0 | 25252 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 312963 | 1495 | SH |  | SOLE |  | 0 | 0 | 1495 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 17681253 | 36866 | SH |  | SOLE |  | 0 | 0 | 36866 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 18182780 | 97500 | SH |  | SOLE |  | 0 | 0 | 97500 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 9471058 | 37247 | SH |  | SOLE |  | 0 | 0 | 37247 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 5112117 | 15578 | SH |  | SOLE |  | 0 | 0 | 15578 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 450323 | 10246 | SH |  | SOLE |  | 0 | 0 | 10246 |
| WALMART INC | COM | 931142103 |  | 2440581 | 23681 | SH |  | SOLE |  | 0 | 0 | 23681 |
| WELLTOWER INC | COM | 95040Q104 |  | 295937 | 1661 | SH |  | SOLE |  | 0 | 0 | 1661 |

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