# EDGAR Filing Document

**Accession Number:** 0001867587
**File Stem:** 0001867587-25-000005
**Filing Date:** 2025-10
**Character Count:** 33188
**Document Hash:** d90b630480f5e5722281fbd86b6a9b43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001867587-25-000005.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0001867587-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**EFFECTIVENESS DATE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invst, LLC
- **CENTRAL INDEX KEY:** 0001867587

**ORGANIZATION NAME:**
- **EIN:** 811661697
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21281
- **FILM NUMBER:** 251396646

**BUSINESS ADDRESS:**
- **STREET 1:** 3625 E. 96TH STREET
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240
- **BUSINESS PHONE:** 3172021891

**MAIL ADDRESS:**
- **STREET 1:** 3625 E. 96TH STREET
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240

### 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:** Invst LLC<br>**Address:** 3625 E. 96TH STREET<br>INDIANAPOLIS, IN 46240

**Form 13F File Number:** 028-21281

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:** Dipen Mehta<br>**Title:** Chief Operating Officer<br>**Phone:** 317-218-7494

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

Dipen Mehta  Indianapolis, IN  10-16-2025<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:** 297

**Form 13F Information Table Value Total:** $802570054

      (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 |  | 335401 | 2466 | SH |  | SOLE | 0 | 0 | 0 | 2466 |
| ABBVIE INC | COM | 00287Y109 |  | 1415329 | 7625 | SH |  | SOLE | 0 | 0 | 0 | 7625 |
| ADOBE INC | COM | 00724F101 |  | 214332 | 554 | SH |  | SOLE | 0 | 0 | 0 | 554 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 1044177 | 8207 | SH |  | SOLE | 0 | 0 | 0 | 8207 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 323816 | 2282 | SH |  | SOLE | 0 | 0 | 0 | 2282 |
| AGREE RLTY CORP | COM | 008492100 |  | 697212 | 9543 | SH |  | SOLE | 0 | 0 | 0 | 9543 |
| ALLSTATE CORP | COM | 020002101 |  | 1151292 | 5719 | SH |  | SOLE | 0 | 0 | 0 | 5719 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1930449 | 10883 | SH |  | SOLE | 0 | 0 | 0 | 10883 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3020376 | 17139 | SH |  | SOLE | 0 | 0 | 0 | 17139 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 1759894 | 158549 | SH |  | SOLE | 0 | 0 | 0 | 158549 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 548146 | 11219 | SH |  | SOLE | 0 | 0 | 0 | 11219 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 968294 | 16515 | SH |  | SOLE | 0 | 0 | 0 | 16515 |
| AMAZON COM INC | COM | 023135106 |  | 10047645 | 45798 | SH |  | SOLE | 0 | 0 | 0 | 45798 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 875780 | 214652 | SH |  | SOLE | 0 | 0 | 0 | 214652 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1749420 | 5484 | SH |  | SOLE | 0 | 0 | 0 | 5484 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 744155 | 8694 | SH |  | SOLE | 0 | 0 | 0 | 8694 |
| AMGEN INC | COM | 031162100 |  | 230526 | 826 | SH |  | SOLE | 0 | 0 | 0 | 826 |
| ANALOG DEVICES INC | COM | 032654105 |  | 207582 | 872 | SH |  | SOLE | 0 | 0 | 0 | 872 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 666372 | 35408 | SH |  | SOLE | 0 | 0 | 0 | 35408 |
| APPLE INC | COM | 037833100 |  | 9466421 | 46139 | SH |  | SOLE | 0 | 0 | 0 | 46139 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 1330287 | 3800 | SH |  | SOLE | 0 | 0 | 0 | 3800 |
| ARCUTIS BIOTHERAPEUTICS INC | COM | 03969K108 |  | 421680 | 30077 | SH |  | SOLE | 0 | 0 | 0 | 30077 |
| ARGAN INC | COM | 04010E109 |  | 1099101 | 4985 | SH |  | SOLE | 0 | 0 | 0 | 4985 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 452373 | 564 | SH |  | SOLE | 0 | 0 | 0 | 564 |
| ASSOCIATED BANC CORP | COM | 045487105 |  | 759212 | 31128 | SH |  | SOLE | 0 | 0 | 0 | 31128 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 688526 | 7905 | SH |  | SOLE | 0 | 0 | 0 | 7905 |
| AT INC | COM | 00206R102 |  | 272475 | 9415 | SH |  | SOLE | 0 | 0 | 0 | 9415 |
| ATHIRA PHARMA INC | COM | 04746L104 |  | 13590 | 45000 | SH |  | SOLE | 0 | 0 | 0 | 45000 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 680911 | 3346 | SH |  | SOLE | 0 | 0 | 0 | 3346 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 220680 | 2114 | SH |  | SOLE | 0 | 0 | 0 | 2114 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 798579 | 8765 | SH |  | SOLE | 0 | 0 | 0 | 8765 |
| BERKLEY W R CORP | COM | 084423102 |  | 1309650 | 17826 | SH |  | SOLE | 0 | 0 | 0 | 17826 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2284091 | 4702 | SH |  | SOLE | 0 | 0 | 0 | 4702 |
| BLACKROCK ETF TRUST | ISHARES ADVANTAG | 09290C863 |  | 721646 | 23967 | SH |  | SOLE | 0 | 0 | 0 | 23967 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 2582855 | 89527 | SH |  | SOLE | 0 | 0 | 0 | 89527 |
| BLACKROCK ETF TRUST | ISHARES INTL DIV | 09290C848 |  | 706252 | 25889 | SH |  | SOLE | 0 | 0 | 0 | 25889 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 6729817 | 189146 | SH |  | SOLE | 0 | 0 | 0 | 189146 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 14773027 | 271264 | SH |  | SOLE | 0 | 0 | 0 | 271264 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 5601577 | 106010 | SH |  | SOLE | 0 | 0 | 0 | 106010 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 539708 | 10395 | SH |  | SOLE | 0 | 0 | 0 | 10395 |
| BLACKROCK INC | COM | 09290D101 |  | 1692405 | 1613 | SH |  | SOLE | 0 | 0 | 0 | 1613 |
| BLACKSTONE INC | COM | 09260D107 |  | 1202497 | 8039 | SH |  | SOLE | 0 | 0 | 0 | 8039 |
| BLUE BIRD CORP | COM | 095306106 |  | 571007 | 13230 | SH |  | SOLE | 0 | 0 | 0 | 13230 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 301040 | 52 | SH |  | SOLE | 0 | 0 | 0 | 52 |
| BOYD GAMING CORP | COM | 103304101 |  | 721515 | 9223 | SH |  | SOLE | 0 | 0 | 0 | 9223 |
| BRINKER INTL INC | COM | 109641100 |  | 1036898 | 5750 | SH |  | SOLE | 0 | 0 | 0 | 5750 |
| BROADCOM INC | COM | 11135F101 |  | 1210284 | 4391 | SH |  | SOLE | 0 | 0 | 0 | 4391 |
| BROWN  BROWN INC | COM | 115236101 |  | 1088189 | 9815 | SH |  | SOLE | 0 | 0 | 0 | 9815 |
| CARDIFF ONCOLOGY INC | COM | 14147L108 |  | 113400 | 36000 | SH |  | SOLE | 0 | 0 | 0 | 36000 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 1056187 | 37560 | SH |  | SOLE | 0 | 0 | 0 | 37560 |
| CATERPILLAR INC | COM | 149123101 |  | 296981 | 765 | SH |  | SOLE | 0 | 0 | 0 | 765 |
| CELESTICA INC | COM | 15101Q207 |  | 2008012 | 12863 | SH |  | SOLE | 0 | 0 | 0 | 12863 |
| CHEVRON CORP NEW | COM | 166764100 |  | 803064 | 5608 | SH |  | SOLE | 0 | 0 | 0 | 5608 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 211573 | 3768 | SH |  | SOLE | 0 | 0 | 0 | 3768 |
| CHUBB LIMITED | COM | H1467J104 |  | 206763 | 714 | SH |  | SOLE | 0 | 0 | 0 | 714 |
| CISCO SYS INC | COM | 17275R102 |  | 228146 | 3288 | SH |  | SOLE | 0 | 0 | 0 | 3288 |
| CME GROUP INC | COM | 12572Q105 |  | 816787 | 2963 | SH |  | SOLE | 0 | 0 | 0 | 2963 |
| CNH INDL N V | SHS | N20944109 |  | 613034 | 47302 | SH |  | SOLE | 0 | 0 | 0 | 47302 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 659139 | 17085 | SH |  | SOLE | 0 | 0 | 0 | 17085 |
| COCA COLA CO | COM | 191216100 |  | 1552578 | 21945 | SH |  | SOLE | 0 | 0 | 0 | 21945 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 564868 | 9248 | SH |  | SOLE | 0 | 0 | 0 | 9248 |
| CONDUENT INC | COM | 206787103 |  | 977505 | 370267 | SH |  | SOLE | 0 | 0 | 0 | 370267 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1148985 | 7063 | SH |  | SOLE | 0 | 0 | 0 | 7063 |
| COPART INC | COM | 217204106 |  | 1843265 | 37564 | SH |  | SOLE | 0 | 0 | 0 | 37564 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 587221 | 28984 | SH |  | SOLE | 0 | 0 | 0 | 28984 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2879483 | 2909 | SH |  | SOLE | 0 | 0 | 0 | 2909 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1086451 | 11734 | SH |  | SOLE | 0 | 0 | 0 | 11734 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1265520 | 25732 | SH |  | SOLE | 0 | 0 | 0 | 25732 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 828416 | 4752 | SH |  | SOLE | 0 | 0 | 0 | 4752 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 |  | 201897 | 7525 | SH |  | SOLE | 0 | 0 | 0 | 7525 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 14554384 | 339818 | SH |  | SOLE | 0 | 0 | 0 | 339818 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 712525 | 24612 | SH |  | SOLE | 0 | 0 | 0 | 24612 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 1705615 | 49338 | SH |  | SOLE | 0 | 0 | 0 | 49338 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 5390945 | 127265 | SH |  | SOLE | 0 | 0 | 0 | 127265 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 7969187 | 125085 | SH |  | SOLE | 0 | 0 | 0 | 125085 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 2214221 | 46120 | SH |  | SOLE | 0 | 0 | 0 | 46120 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 1291423 | 30559 | SH |  | SOLE | 0 | 0 | 0 | 30559 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 7268152 | 204391 | SH |  | SOLE | 0 | 0 | 0 | 204391 |
| DISNEY WALT CO | COM | 254687106 |  | 1735833 | 13998 | SH |  | SOLE | 0 | 0 | 0 | 13998 |
| DROPBOX INC | CL A | 26210C104 |  | 745859 | 26079 | SH |  | SOLE | 0 | 0 | 0 | 26079 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 861580 | 7839 | SH |  | SOLE | 0 | 0 | 0 | 7839 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 331370 | 2808 | SH |  | SOLE | 0 | 0 | 0 | 2808 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 4385168 | 38917 | SH |  | SOLE | 0 | 0 | 0 | 38917 |
| EA SERIES TRUST | FREEDOM 100 EM | 02072L607 |  | 15015912 | 371681 | SH |  | SOLE | 0 | 0 | 0 | 371681 |
| EATON CORP PLC | SHS | G29183103 |  | 272740 | 764 | SH |  | SOLE | 0 | 0 | 0 | 764 |
| EBAY INC. | COM | 278642103 |  | 782441 | 10508 | SH |  | SOLE | 0 | 0 | 0 | 10508 |
| ELI LILLY  CO | COM | 532457108 |  | 2692393 | 3454 | SH |  | SOLE | 0 | 0 | 0 | 3454 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 1348536 | 234528 | SH |  | SOLE | 0 | 0 | 0 | 234528 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 719666 | 22553 | SH |  | SOLE | 0 | 0 | 0 | 22553 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 692063 | 2442 | SH |  | SOLE | 0 | 0 | 0 | 2442 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1618915 | 15018 | SH |  | SOLE | 0 | 0 | 0 | 15018 |
| FEDEX CORP | COM | 31428X106 |  | 1285490 | 5655 | SH |  | SOLE | 0 | 0 | 0 | 5655 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 726060 | 11827 | SH |  | SOLE | 0 | 0 | 0 | 11827 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 739626 | 34888 | SH |  | SOLE | 0 | 0 | 0 | 34888 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 644172 | 13384 | SH |  | SOLE | 0 | 0 | 0 | 13384 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 7226455 | 115181 | SH |  | SOLE | 0 | 0 | 0 | 115181 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST S 500 | 33739Q705 |  | 2784379 | 56708 | SH |  | SOLE | 0 | 0 | 0 | 56708 |
| FLEX LTD | ORD | Y2573F102 |  | 898161 | 17992 | SH |  | SOLE | 0 | 0 | 0 | 17992 |
| FLEXSHARES TR | CR SCD US BD | 33939L761 |  | 1125696 | 23077 | SH |  | SOLE | 0 | 0 | 0 | 23077 |
| FOX CORP | CL A COM | 35137L105 |  | 695981 | 12419 | SH |  | SOLE | 0 | 0 | 0 | 12419 |
| GANNETT CO INC | COM | 36472T109 |  | 1394947 | 389650 | SH |  | SOLE | 0 | 0 | 0 | 389650 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1274337 | 25896 | SH |  | SOLE | 0 | 0 | 0 | 25896 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 1533605 | 19160 | SH |  | SOLE | 0 | 0 | 0 | 19160 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 1136948 | 26089 | SH |  | SOLE | 0 | 0 | 0 | 26089 |
| GLOBE LIFE INC | COM | 37959E102 |  | 676759 | 5445 | SH |  | SOLE | 0 | 0 | 0 | 5445 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1830949 | 2587 | SH |  | SOLE | 0 | 0 | 0 | 2587 |
| GRAY MEDIA INC | COM | 389375106 |  | 2141346 | 472703 | SH |  | SOLE | 0 | 0 | 0 | 472703 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 443947 | 7060 | SH |  | SOLE | 0 | 0 | 0 | 7060 |
| HOME DEPOT INC | COM | 437076102 |  | 1928213 | 5259 | SH |  | SOLE | 0 | 0 | 0 | 5259 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 254637 | 1368 | SH |  | SOLE | 0 | 0 | 0 | 1368 |
| INCYTE CORP | COM | 45337C102 |  | 636463 | 9346 | SH |  | SOLE | 0 | 0 | 0 | 9346 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 220164 | 1200 | SH |  | SOLE | 0 | 0 | 0 | 1200 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 353736 | 1200 | SH |  | SOLE | 0 | 0 | 0 | 1200 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1274840 | 2346 | SH |  | SOLE | 0 | 0 | 0 | 2346 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 |  | 494899 | 20241 | SH |  | SOLE | 0 | 0 | 0 | 20241 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 16515005 | 146839 | SH |  | SOLE | 0 | 0 | 0 | 146839 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 2649457 | 11666 | SH |  | SOLE | 0 | 0 | 0 | 11666 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 617214 | 29504 | SH |  | SOLE | 0 | 0 | 0 | 29504 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 206866 | 2903 | SH |  | SOLE | 0 | 0 | 0 | 2903 |
| INVESCO LTD | SHS | G491BT108 |  | 759042 | 48132 | SH |  | SOLE | 0 | 0 | 0 | 48132 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2540898 | 4606 | SH |  | SOLE | 0 | 0 | 0 | 4606 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 787895 | 12872 | SH |  | SOLE | 0 | 0 | 0 | 12872 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 2658906 | 42638 | SH |  | SOLE | 0 | 0 | 0 | 42638 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 10515257 | 175167 | SH |  | SOLE | 0 | 0 | 0 | 175167 |
| ISHARES INC | MSCI GBL GOLD MN | 46434G855 |  | 534685 | 12213 | SH |  | SOLE | 0 | 0 | 0 | 12213 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 21095339 | 115389 | SH |  | SOLE | 0 | 0 | 0 | 115389 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 7251818 | 71376 | SH |  | SOLE | 0 | 0 | 0 | 71376 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 610799 | 5846 | SH |  | SOLE | 0 | 0 | 0 | 5846 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 497290 | 16209 | SH |  | SOLE | 0 | 0 | 0 | 16209 |
| ISHARES TR | S 100 ETF | 464287101 |  | 6747157 | 22169 | SH |  | SOLE | 0 | 0 | 0 | 22169 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 3202340 | 50084 | SH |  | SOLE | 0 | 0 | 0 | 50084 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 762936 | 33200 | SH |  | SOLE | 0 | 0 | 0 | 33200 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 5029191 | 29025 | SH |  | SOLE | 0 | 0 | 0 | 29025 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 15826386 | 143746 | SH |  | SOLE | 0 | 0 | 0 | 143746 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2556492 | 30624 | SH |  | SOLE | 0 | 0 | 0 | 30624 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 13485315 | 69007 | SH |  | SOLE | 0 | 0 | 0 | 69007 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 293023 | 3633 | SH |  | SOLE | 0 | 0 | 0 | 3633 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2107073 | 15603 | SH |  | SOLE | 0 | 0 | 0 | 15603 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 2814392 | 25676 | SH |  | SOLE | 0 | 0 | 0 | 25676 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 1654068 | 34575 | SH |  | SOLE | 0 | 0 | 0 | 34575 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 4830815 | 94555 | SH |  | SOLE | 0 | 0 | 0 | 94555 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 553936 | 8932 | SH |  | SOLE | 0 | 0 | 0 | 8932 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 332848 | 6309 | SH |  | SOLE | 0 | 0 | 0 | 6309 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 6816380 | 60861 | SH |  | SOLE | 0 | 0 | 0 | 60861 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 441722 | 9721 | SH |  | SOLE | 0 | 0 | 0 | 9721 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 264511 | 2666 | SH |  | SOLE | 0 | 0 | 0 | 2666 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 399233 | 4431 | SH |  | SOLE | 0 | 0 | 0 | 4431 |
| ISHARES TR | MORTGE REL ETF | 46435G342 |  | 565016 | 26427 | SH |  | SOLE | 0 | 0 | 0 | 26427 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 16361797 | 257747 | SH |  | SOLE | 0 | 0 | 0 | 257747 |
| ISHARES TR | MBS ETF | 464288588 |  | 9244793 | 98464 | SH |  | SOLE | 0 | 0 | 0 | 98464 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 632233 | 6279 | SH |  | SOLE | 0 | 0 | 0 | 6279 |
| ISHARES TR | HIGH YLD CORP BD | 46436E320 |  | 679144 | 22187 | SH |  | SOLE | 0 | 0 | 0 | 22187 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 253474 | 597 | SH |  | SOLE | 0 | 0 | 0 | 597 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 1392510 | 16175 | SH |  | SOLE | 0 | 0 | 0 | 16175 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1732514 | 18706 | SH |  | SOLE | 0 | 0 | 0 | 18706 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 16207015 | 195595 | SH |  | SOLE | 0 | 0 | 0 | 195595 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 371838 | 3402 | SH |  | SOLE | 0 | 0 | 0 | 3402 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 27564908 | 596256 | SH |  | SOLE | 0 | 0 | 0 | 596256 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 608794 | 6357 | SH |  | SOLE | 0 | 0 | 0 | 6357 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 900565 | 8751 | SH |  | SOLE | 0 | 0 | 0 | 8751 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 15354376 | 139535 | SH |  | SOLE | 0 | 0 | 0 | 139535 |
| ISHARES TR | INTL DIV GRWTH | 46435G524 |  | 621022 | 7872 | SH |  | SOLE | 0 | 0 | 0 | 7872 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 1848701 | 27926 | SH |  | SOLE | 0 | 0 | 0 | 27926 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 19639957 | 81724 | SH |  | SOLE | 0 | 0 | 0 | 81724 |
| ISHARES TR | EXPONENTIAL TECH | 46434V381 |  | 234563 | 3595 | SH |  | SOLE | 0 | 0 | 0 | 3595 |
| ISHARES TR | CORE S ETF | 464287200 |  | 15664180 | 25228 | SH |  | SOLE | 0 | 0 | 0 | 25228 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 229282 | 5920 | SH |  | SOLE | 0 | 0 | 0 | 5920 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 2032007 | 224036 | SH |  | SOLE | 0 | 0 | 0 | 224036 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 14339020 | 304697 | SH |  | SOLE | 0 | 0 | 0 | 304697 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 |  | 3389175 | 73169 | SH |  | SOLE | 0 | 0 | 0 | 73169 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 23574697 | 465168 | SH |  | SOLE | 0 | 0 | 0 | 465168 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 482926 | 8877 | SH |  | SOLE | 0 | 0 | 0 | 8877 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 972723 | 17110 | SH |  | SOLE | 0 | 0 | 0 | 17110 |
| JABIL INC | COM | 466313103 |  | 1039683 | 4767 | SH |  | SOLE | 0 | 0 | 0 | 4767 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 711208 | 8010 | SH |  | SOLE | 0 | 0 | 0 | 8010 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 382554 | 7538 | SH |  | SOLE | 0 | 0 | 0 | 7538 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 279364 | 1829 | SH |  | SOLE | 0 | 0 | 0 | 1829 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3298156 | 11376 | SH |  | SOLE | 0 | 0 | 0 | 11376 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 1026531 | 31051 | SH |  | SOLE | 0 | 0 | 0 | 31051 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 754592 | 6218 | SH |  | SOLE | 0 | 0 | 0 | 6218 |
| LENDINGCLUB CORP | COM NEW | 52603A208 |  | 364786 | 30323 | SH |  | SOLE | 0 | 0 | 0 | 30323 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 1017724 | 29414 | SH |  | SOLE | 0 | 0 | 0 | 29414 |
| LOWES COS INC | COM | 548661107 |  | 625656 | 2820 | SH |  | SOLE | 0 | 0 | 0 | 2820 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 54097 | 12351 | SH |  | SOLE | 0 | 0 | 0 | 12351 |
| MACERICH CO | COM | 554382101 |  | 711693 | 43986 | SH |  | SOLE | 0 | 0 | 0 | 43986 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 984415 | 10043 | SH |  | SOLE | 0 | 0 | 0 | 10043 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 1151711 | 36036 | SH |  | SOLE | 0 | 0 | 0 | 36036 |
| MARKER THERAPEUTICS INC | COM NEW | 57055L206 |  | 35802 | 23400 | SH |  | SOLE | 0 | 0 | 0 | 23400 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1553024 | 5684 | SH |  | SOLE | 0 | 0 | 0 | 5684 |
| MCDONALDS CORP | COM | 580135101 |  | 414906 | 1420 | SH |  | SOLE | 0 | 0 | 0 | 1420 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 640339 | 245 | SH |  | SOLE | 0 | 0 | 0 | 245 |
| META PLATFORMS INC | CL A | 30303M102 |  | 5295766 | 7175 | SH |  | SOLE | 0 | 0 | 0 | 7175 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 653385 | 9285 | SH |  | SOLE | 0 | 0 | 0 | 9285 |
| MICROSOFT CORP | COM | 594918104 |  | 6617436 | 13304 | SH |  | SOLE | 0 | 0 | 0 | 13304 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 324192 | 802 | SH |  | SOLE | 0 | 0 | 0 | 802 |
| MICROVISION INC DEL | COM NEW | 594960304 |  | 37462 | 32861 | SH |  | SOLE | 0 | 0 | 0 | 32861 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 653464 | 4415 | SH |  | SOLE | 0 | 0 | 0 | 4415 |
| MOELIS  CO | CL A | 60786M105 |  | 706148 | 11331 | SH |  | SOLE | 0 | 0 | 0 | 11331 |
| NABORS INDUSTRIES LTD | SHS | G6359F137 |  | 643199 | 22955 | SH |  | SOLE | 0 | 0 | 0 | 22955 |
| NETFLIX INC | COM | 64110L106 |  | 2875112 | 2147 | SH |  | SOLE | 0 | 0 | 0 | 2147 |
| NIKE INC | CL B | 654106103 |  | 1276451 | 17968 | SH |  | SOLE | 0 | 0 | 0 | 17968 |
| NISOURCE INC | COM | 65473P105 |  | 315834 | 7829 | SH |  | SOLE | 0 | 0 | 0 | 7829 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 431076 | 6246 | SH |  | SOLE | 0 | 0 | 0 | 6246 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1160512 | 7227 | SH |  | SOLE | 0 | 0 | 0 | 7227 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 10878585 | 68856 | SH |  | SOLE | 0 | 0 | 0 | 68856 |
| NYXOAH S A | SHS | B6S7WD106 |  | 121707 | 16271 | SH |  | SOLE | 0 | 0 | 0 | 16271 |
| OLD REP INTL CORP | COM | 680223104 |  | 689767 | 17944 | SH |  | SOLE | 0 | 0 | 0 | 17944 |
| ORACLE CORP | COM | 68389X105 |  | 406942 | 1861 | SH |  | SOLE | 0 | 0 | 0 | 1861 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 390693 | 2866 | SH |  | SOLE | 0 | 0 | 0 | 2866 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1228454 | 6003 | SH |  | SOLE | 0 | 0 | 0 | 6003 |
| PEPSICO INC | COM | 713448108 |  | 630063 | 4772 | SH |  | SOLE | 0 | 0 | 0 | 4772 |
| PFIZER INC | COM | 717081103 |  | 349937 | 14436 | SH |  | SOLE | 0 | 0 | 0 | 14436 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2271083 | 12470 | SH |  | SOLE | 0 | 0 | 0 | 12470 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 907230 | 20170 | SH |  | SOLE | 0 | 0 | 0 | 20170 |
| POWELL INDS INC | COM | 739128106 |  | 1117971 | 5312 | SH |  | SOLE | 0 | 0 | 0 | 5312 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1921506 | 12061 | SH |  | SOLE | 0 | 0 | 0 | 12061 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 642314 | 6573 | SH |  | SOLE | 0 | 0 | 0 | 6573 |
| Q2 HLDGS INC | COM | 74736L109 |  | 721766 | 7712 | SH |  | SOLE | 0 | 0 | 0 | 7712 |
| QUAD / GRAPHICS INC | COM CL A | 747301109 |  | 1971955 | 349019 | SH |  | SOLE | 0 | 0 | 0 | 349019 |
| REGENCY CTRS CORP | COM | 758849103 |  | 704109 | 9885 | SH |  | SOLE | 0 | 0 | 0 | 9885 |
| RELIANCE INC | COM | 759509102 |  | 747396 | 2381 | SH |  | SOLE | 0 | 0 | 0 | 2381 |
| ROSS STORES INC | COM | 778296103 |  | 1543448 | 12098 | SH |  | SOLE | 0 | 0 | 0 | 12098 |
| RTX CORPORATION | COM | 75513E101 |  | 312921 | 2143 | SH |  | SOLE | 0 | 0 | 0 | 2143 |
| SALESFORCE INC | COM | 79466L302 |  | 1788191 | 6558 | SH |  | SOLE | 0 | 0 | 0 | 6558 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 7762898 | 257561 | SH |  | SOLE | 0 | 0 | 0 | 257561 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 724650 | 27345 | SH |  | SOLE | 0 | 0 | 0 | 27345 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 729244 | 18222 | SH |  | SOLE | 0 | 0 | 0 | 18222 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 26517494 | 907822 | SH |  | SOLE | 0 | 0 | 0 | 907822 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 13890648 | 628536 | SH |  | SOLE | 0 | 0 | 0 | 628536 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 347115 | 14203 | SH |  | SOLE | 0 | 0 | 0 | 14203 |
| SCHWAB STRATEGIC TR | LONG TERM US | 808524680 |  | 986134 | 30923 | SH |  | SOLE | 0 | 0 | 0 | 30923 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 318149 | 2360 | SH |  | SOLE | 0 | 0 | 0 | 2360 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 286633 | 3510 | SH |  | SOLE | 0 | 0 | 0 | 3510 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 1644772 | 15155 | SH |  | SOLE | 0 | 0 | 0 | 15155 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 1257551 | 8525 | SH |  | SOLE | 0 | 0 | 0 | 8525 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 2152116 | 41094 | SH |  | SOLE | 0 | 0 | 0 | 41094 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 5228974 | 24060 | SH |  | SOLE | 0 | 0 | 0 | 24060 |
| SERVICENOW INC | COM | 81762P102 |  | 945834 | 920 | SH |  | SOLE | 0 | 0 | 0 | 920 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 736373 | 4581 | SH |  | SOLE | 0 | 0 | 0 | 4581 |
| SKYWEST INC | COM | 830879102 |  | 973770 | 9457 | SH |  | SOLE | 0 | 0 | 0 | 9457 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 871204 | 2858 | SH |  | SOLE | 0 | 0 | 0 | 2858 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 852228 | 14268 | SH |  | SOLE | 0 | 0 | 0 | 14268 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3798783 | 6148 | SH |  | SOLE | 0 | 0 | 0 | 6148 |
| SPDR SERIES TRUST | NUVEEN ICE MUNIC | 78468R721 |  | 2504066 | 56057 | SH |  | SOLE | 0 | 0 | 0 | 56057 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 |  | 243484 | 2449 | SH |  | SOLE | 0 | 0 | 0 | 2449 |
| SPDR SERIES TRUST | OILGAS EQUIP | 78468R549 |  | 1030307 | 16241 | SH |  | SOLE | 0 | 0 | 0 | 16241 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 865273 | 11904 | SH |  | SOLE | 0 | 0 | 0 | 11904 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 435442 | 4747 | SH |  | SOLE | 0 | 0 | 0 | 4747 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 231541 | 2792 | SH |  | SOLE | 0 | 0 | 0 | 2792 |
| SPINNAKER ETF SERIES | LANGAR GLOBAL HE | 84858T863 |  | 652917 | 62660 | SH |  | SOLE | 0 | 0 | 0 | 62660 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 |  | 1590426 | 33182 | SH |  | SOLE | 0 | 0 | 0 | 33182 |
| STARBUCKS CORP | COM | 855244109 |  | 238063 | 2598 | SH |  | SOLE | 0 | 0 | 0 | 2598 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 309912 | 2421 | SH |  | SOLE | 0 | 0 | 0 | 2421 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1746885 | 7571 | SH |  | SOLE | 0 | 0 | 0 | 7571 |
| STONECO LTD | COM CL A | G85158106 |  | 277795 | 17319 | SH |  | SOLE | 0 | 0 | 0 | 17319 |
| STRYKER CORPORATION | COM | 863667101 |  | 768618 | 1943 | SH |  | SOLE | 0 | 0 | 0 | 1943 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 622142 | 9322 | SH |  | SOLE | 0 | 0 | 0 | 9322 |
| SYSCO CORP | COM | 871829107 |  | 1999539 | 26400 | SH |  | SOLE | 0 | 0 | 0 | 26400 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 218563 | 965 | SH |  | SOLE | 0 | 0 | 0 | 965 |
| TAPESTRY INC | COM | 876030107 |  | 768162 | 8748 | SH |  | SOLE | 0 | 0 | 0 | 8748 |
| TARGET CORP | COM | 87612E106 |  | 1247762 | 12648 | SH |  | SOLE | 0 | 0 | 0 | 12648 |
| TESLA INC | COM | 88160R101 |  | 927885 | 2921 | SH |  | SOLE | 0 | 0 | 0 | 2921 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1143634 | 6639 | SH |  | SOLE | 0 | 0 | 0 | 6639 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 756537 | 17598 | SH |  | SOLE | 0 | 0 | 0 | 17598 |
| TUHURA BIOSCIENCES INC | COM | 898920103 |  | 52182 | 23400 | SH |  | SOLE | 0 | 0 | 0 | 23400 |
| TWILIO INC | CL A | 90138F102 |  | 822020 | 6610 | SH |  | SOLE | 0 | 0 | 0 | 6610 |
| UDR INC | COM | 902653104 |  | 686679 | 16818 | SH |  | SOLE | 0 | 0 | 0 | 16818 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 1002493 | 43007 | SH |  | SOLE | 0 | 0 | 0 | 43007 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3018442 | 9675 | SH |  | SOLE | 0 | 0 | 0 | 9675 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 242269 | 1802 | SH |  | SOLE | 0 | 0 | 0 | 1802 |
| VANECK ETF TRUST | LONG MUNI ETF | 92189F536 |  | 450271 | 26659 | SH |  | SOLE | 0 | 0 | 0 | 26659 |
| VANECK MERK GOLD ETF | GOLD SHS | 921078101 |  | 409978 | 12856 | SH |  | SOLE | 0 | 0 | 0 | 12856 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 268752 | 3650 | SH |  | SOLE | 0 | 0 | 0 | 3650 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 515013 | 7406 | SH |  | SOLE | 0 | 0 | 0 | 7406 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 1405523 | 28389 | SH |  | SOLE | 0 | 0 | 0 | 28389 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1201743 | 6162 | SH |  | SOLE | 0 | 0 | 0 | 6162 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1635270 | 2879 | SH |  | SOLE | 0 | 0 | 0 | 2879 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 49787451 | 163812 | SH |  | SOLE | 0 | 0 | 0 | 163812 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 2995144 | 10815 | SH |  | SOLE | 0 | 0 | 0 | 10815 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1681290 | 18878 | SH |  | SOLE | 0 | 0 | 0 | 18878 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 366100 | 1545 | SH |  | SOLE | 0 | 0 | 0 | 1545 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2903335 | 6623 | SH |  | SOLE | 0 | 0 | 0 | 6623 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1901284 | 10758 | SH |  | SOLE | 0 | 0 | 0 | 10758 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 6578618 | 133009 | SH |  | SOLE | 0 | 0 | 0 | 133009 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 3515545 | 71702 | SH |  | SOLE | 0 | 0 | 0 | 71702 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1213094 | 5927 | SH |  | SOLE | 0 | 0 | 0 | 5927 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 25434694 | 446144 | SH |  | SOLE | 0 | 0 | 0 | 446144 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1112302 | 8344 | SH |  | SOLE | 0 | 0 | 0 | 8344 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 250853 | 1421 | SH |  | SOLE | 0 | 0 | 0 | 1421 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 5527192 | 32317 | SH |  | SOLE | 0 | 0 | 0 | 32317 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 5311999 | 41728 | SH |  | SOLE | 0 | 0 | 0 | 41728 |
| VISA INC | COM CL A | 92826C839 |  | 1294707 | 3647 | SH |  | SOLE | 0 | 0 | 0 | 3647 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 733090 | 63858 | SH |  | SOLE | 0 | 0 | 0 | 63858 |
| WALMART INC | COM | 931142103 |  | 2038238 | 20845 | SH |  | SOLE | 0 | 0 | 0 | 20845 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1119109 | 13968 | SH |  | SOLE | 0 | 0 | 0 | 13968 |
| WILLIAMS COS INC | COM | 969457100 |  | 962618 | 15326 | SH |  | SOLE | 0 | 0 | 0 | 15326 |
| WP CAREY INC | COM | 92936U109 |  | 704894 | 11300 | SH |  | SOLE | 0 | 0 | 0 | 11300 |

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