# EDGAR Filing Document

**Accession Number:** 0001785342
**File Stem:** 0001193805-26-000630
**Filing Date:** 2026-5
**Character Count:** 42244
**Document Hash:** b393b96662397401bf22f169e3de5c7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193805-26-000630.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001193805-26-000630

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** National Philanthropic Trust
- **CENTRAL INDEX KEY:** 0001785342

**ORGANIZATION NAME:**
- **EIN:** 237825575
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26972
- **FILM NUMBER:** 26987293

**BUSINESS ADDRESS:**
- **STREET 1:** 165 TOWNSHIP LINE ROAD, SUITE 1200
- **CITY:** JENKINTOWN
- **STATE:** PA
- **ZIP:** 19046
- **BUSINESS PHONE:** 215-277-3010

**MAIL ADDRESS:**
- **STREET 1:** 165 TOWNSHIP LINE ROAD, SUITE 1200
- **CITY:** JENKINTOWN
- **STATE:** PA
- **ZIP:** 19046

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** National Philanthropic Trust<br>**Address:** 165 TOWNSHIP LINE ROAD SUITE 1200<br>Jenkintown, PA 19046

**Form 13F File Number:** 028-26972

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:** Christina Hack<br>**Title:** Chief Financial Officer  Treasurer<br>**Phone:** 215-277-3083

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

/s/ Christina Hack  Jenkintown, PA  05-15-2026<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:** 386

**Form 13F Information Table Value Total:** $10129603498

      (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 |
| 2023 ETF SERIES TRUST | EAGLE CAPITAL SE | 88339Y102 |  | 499235 | 15380 | SH |  | SOLE |  | 15380 | 0 | 0 |
| ABACUS GLOBAL MGMT INC | CL A | 00258Y104 |  | 4275000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1605215 | 12812 | SH |  | SOLE |  | 12812 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1656553 | 7250 | SH |  | SOLE |  | 7250 | 0 | 0 |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 578479 | 29620 | SH |  | SOLE |  | 29620 | 0 | 0 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 248138 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 1299229 | 19208 | SH |  | SOLE |  | 19208 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4258458 | 15872 | SH |  | SOLE |  | 15872 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 328991 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 163283936 | 762439 | SH |  | SOLE |  | 762439 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 211449 | 856 | SH |  | SOLE |  | 856 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 65096605 | 479639 | SH |  | SOLE |  | 479639 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 510598 | 3610 | SH |  | SOLE |  | 3610 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 224635 | 4590 | SH |  | SOLE |  | 4590 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 8500907 | 57995 | SH |  | SOLE |  | 57995 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 7467718 | 47824 | SH |  | SOLE |  | 47824 | 0 | 0 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 232300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 203472 | 8893 | SH |  | SOLE |  | 8893 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 262296947 | 835873 | SH |  | SOLE |  | 835873 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1050219588 | 3355334 | SH |  | SOLE |  | 3355334 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 838261 | 14538 | SH |  | SOLE |  | 14538 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 287792147 | 1246825 | SH |  | SOLE |  | 1246825 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 795673 | 27437 | SH |  | SOLE |  | 27437 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 447105 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 210683 | 1559 | SH |  | SOLE |  | 1559 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 924440 | 51964 | SH |  | SOLE |  | 51964 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1304683808 | 9012737 | SH |  | SOLE |  | 9012737 | 0 | 0 |
| APPIAN CORP | CL A | 03782L101 |  | 10609423 | 299532 | SH |  | SOLE |  | 299532 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 32564037 | 119782 | SH |  | SOLE |  | 119782 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 6986942 | 43228 | SH |  | SOLE |  | 43228 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 336092 | 2565 | SH |  | SOLE |  | 2565 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 3721928 | 48387 | SH |  | SOLE |  | 48387 | 0 | 0 |
| ARLO TECHNOLOGIES INC | COM | 04206A101 |  | 7880469 | 563293 | SH |  | SOLE |  | 563293 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 1202410 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1708566 | 1597 | SH |  | SOLE |  | 1597 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 923999 | 12722 | SH |  | SOLE |  | 12722 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 7103572 | 42700 | SH |  | SOLE |  | 42700 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 430416 | 4682 | SH |  | SOLE |  | 4682 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 210718 | 8483 | SH |  | SOLE |  | 8483 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER A | 047726104 |  | 1274700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 876897 | 3409 | SH |  | SOLE |  | 3409 | 0 | 0 |
| AVADEL PHARMACEUTICALS PLC | COM SHS | G29687103 |  | 4725829 | 219296 | SH |  | SOLE |  | 219296 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 575980 | 6685 | SH |  | SOLE |  | 6685 | 0 | 0 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 162050 | 13815 | SH |  | SOLE |  | 13815 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 532785 | 9687 | SH |  | SOLE |  | 9687 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 263782 | 6057 | SH |  | SOLE |  | 6057 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1235514 | 17620 | SH |  | SOLE |  | 17620 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 10567200 | 14 | SH |  | SOLE |  | 14 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6768685 | 13466 | SH |  | SOLE |  | 13466 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1150618 | 19565 | SH |  | SOLE |  | 19565 | 0 | 0 |
| BITWISE 10 CRYPTO INDEX ETF | UNIT BENEFICIAL | 091749101 |  | 250553 | 4264 | SH |  | SOLE |  | 4264 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 264374 | 247 | SH |  | SOLE |  | 247 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 247212815 | 1603820 | SH |  | SOLE |  | 1603820 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 144747 | 11645 | SH |  | SOLE |  | 11645 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 67110480 | 4492000 | SH |  | SOLE |  | 4492000 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 233142 | 6713 | SH |  | SOLE |  | 6713 | 0 | 0 |
| BRIGHTSPRING HEALTH SVCS INC | COM | 10950A106 |  | 1401978 | 37436 | SH |  | SOLE |  | 37436 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 543521474 | 1570417 | SH |  | SOLE |  | 1570417 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 10028204 | 218527 | SH |  | SOLE |  | 218527 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 13367760 | 168000 | SH |  | SOLE |  | 168000 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 7068750 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 6064240 | 82361 | SH |  | SOLE |  | 82361 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 6309843 | 26035 | SH |  | SOLE |  | 26035 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 277310608 | 657103 | SH |  | SOLE |  | 657103 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 355752 | 621 | SH |  | SOLE |  | 621 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 965758 | 3267 | SH |  | SOLE |  | 3267 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 2666364 | 12773 | SH |  | SOLE |  | 12773 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5770852 | 37864 | SH |  | SOLE |  | 37864 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 562128 | 1801 | SH |  | SOLE |  | 1801 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 |  | 563035 | 38146 | SH |  | SOLE |  | 38146 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 4885990 | 61614 | SH |  | SOLE |  | 61614 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1224931 | 15902 | SH |  | SOLE |  | 15902 | 0 | 0 |
| CITIZENS CMNTY BANCORP INC M | COM | 174903104 |  | 271060 | 15211 | SH |  | SOLE |  | 15211 | 0 | 0 |
| CMB.TECH NV | SHS | B38564108 |  | 420721 | 43598 | SH |  | SOLE |  | 43598 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1463915 | 20940 | SH |  | SOLE |  | 20940 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1361363 | 6020 | SH |  | SOLE |  | 6020 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 285420 | 9549 | SH |  | SOLE |  | 9549 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 645722 | 6898 | SH |  | SOLE |  | 6898 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 3855880 | 44037 | SH |  | SOLE |  | 44037 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4528147 | 5251 | SH |  | SOLE |  | 5251 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 20770334 | 880472 | SH |  | SOLE |  | 880472 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 2984042 | 6729 | SH |  | SOLE |  | 6729 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 210163 | 1684 | SH |  | SOLE |  | 1684 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 540480 | 1153 | SH |  | SOLE |  | 1153 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 731271 | 20173 | SH |  | SOLE |  | 20173 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 320121 | 2528 | SH |  | SOLE |  | 2528 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 7545984 | 103200 | SH |  | SOLE |  | 103200 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 4468087 | 32856 | SH |  | SOLE |  | 32856 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 7149591 | 62931 | SH |  | SOLE |  | 62931 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 3246174 | 67474 | SH |  | SOLE |  | 67474 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 2116169 | 16811 | SH |  | SOLE |  | 16811 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 372028 | 3270 | SH |  | SOLE |  | 3270 | 0 | 0 |
| DIVERSIFIED ENERGY CO | COMMON STOCK | 25520W107 |  | 392828 | 27129 | SH |  | SOLE |  | 27129 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 14804092 | 65336 | SH |  | SOLE |  | 65336 | 0 | 0 |
| DOUGLAS EMMETT INC | COM | 25960P109 |  | 549500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 4398071 | 158204 | SH |  | SOLE |  | 158204 | 0 | 0 |
| DYNAVAX TECHNOLOGIES CORP | COM NEW | 268158201 |  | 3917809 | 254734 | SH |  | SOLE |  | 254734 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 382531 | 1201 | SH |  | SOLE |  | 1201 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 6597702 | 18821 | SH |  | SOLE |  | 18821 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1505627 | 1401 | SH |  | SOLE |  | 1401 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 241020 | 1816 | SH |  | SOLE |  | 1816 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 697923 | 42324 | SH |  | SOLE |  | 42324 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 3461400 | 108000 | SH |  | SOLE |  | 108000 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 2826563 | 246646 | SH |  | SOLE |  | 246646 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 225721 | 16077 | SH |  | SOLE |  | 16077 | 0 | 0 |
| ETF SER SOLUTIONS | DISTILLATE SMLMD | 26922B667 |  | 602990 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| ETON PHARMACEUTICALS INC | COM | 29772L108 |  | 8321614 | 492112 | SH |  | SOLE |  | 492112 | 0 | 0 |
| EVOLUS INC | COM | 30052C107 |  | 1330000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| EXP WORLD HLDGS INC | COM | 30212W100 |  | 2217250 | 245000 | SH |  | SOLE |  | 245000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3287009 | 27314 | SH |  | SOLE |  | 27314 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 248693 | 857 | SH |  | SOLE |  | 857 | 0 | 0 |
| FATE THERAPEUTICS INC | COM | 31189P102 |  | 122825 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 956088 | 9485 | SH |  | SOLE |  | 9485 | 0 | 0 |
| FIRST ADVANTAGE CORP NEW | COM | 31846B108 |  | 530113 | 36484 | SH |  | SOLE |  | 36484 | 0 | 0 |
| FIRST SVGS FINL GROUP INC | COM | 33621E109 |  | 298146 | 9358 | SH |  | SOLE |  | 9358 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 947968 | 52029 | SH |  | SOLE |  | 52029 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 296192 | 2277 | SH |  | SOLE |  | 2277 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NAT GAS ETF | 33733E807 |  | 205821 | 8792 | SH |  | SOLE |  | 8792 | 0 | 0 |
| FREIGHTOS LTD | ORD SHS | G51405101 |  | 775200 | 340000 | SH |  | SOLE |  | 340000 | 0 | 0 |
| GCI LIBERTY INC | COM SER C | 36164V800 |  | 793503 | 21325 | SH |  | SOLE |  | 21325 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 306798 | 996 | SH |  | SOLE |  | 996 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 445081 | 681 | SH |  | SOLE |  | 681 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 76633 | 17377 | SH |  | SOLE |  | 17377 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 2147500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 316644 | 3464 | SH |  | SOLE |  | 3464 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 |  | 399226 | 4780 | SH |  | SOLE |  | 4780 | 0 | 0 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 5721496 | 112495 | SH |  | SOLE |  | 112495 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 9027309 | 188895 | SH |  | SOLE |  | 188895 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 273307 | 7345 | SH |  | SOLE |  | 7345 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 7122537 | 8103 | SH |  | SOLE |  | 8103 | 0 | 0 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 159149 | 11728 | SH |  | SOLE |  | 11728 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 881092 | 12889 | SH |  | SOLE |  | 12889 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 14509299 | 231556 | SH |  | SOLE |  | 231556 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 205772 | 4196 | SH |  | SOLE |  | 4196 | 0 | 0 |
| HAGERTY INC | CL A COM | 405166109 |  | 2016000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| HAMILTON INSURANCE GROUP LTD | CL B | G42706104 |  | 11448793 | 410351 | SH |  | SOLE |  | 410351 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 3997722 | 8563 | SH |  | SOLE |  | 8563 | 0 | 0 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 1858907 | 57250 | SH |  | SOLE |  | 57250 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 417393 | 1213 | SH |  | SOLE |  | 1213 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 3978227 | 21832 | SH |  | SOLE |  | 21832 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 257630 | 1046 | SH |  | SOLE |  | 1046 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 6682284 | 67655 | SH |  | SOLE |  | 67655 | 0 | 0 |
| INDIVIOR PLC | ORD | G4766E116 |  | 998899 | 27840 | SH |  | SOLE |  | 27840 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 6063782 | 37440 | SH |  | SOLE |  | 37440 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 250395 | 378 | SH |  | SOLE |  | 378 | 0 | 0 |
| INTUITIVE MACHINES INC | CLASS A COM | 46125A100 |  | 4869000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 646472 | 28912 | SH |  | SOLE |  | 28912 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 540488 | 21179 | SH |  | SOLE |  | 21179 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 4337325 | 17149 | SH |  | SOLE |  | 17149 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 3004281 | 143061 | SH |  | SOLE |  | 143061 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | INVESCO MSCI | 46137V407 |  | 406993 | 8627 | SH |  | SOLE |  | 8627 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 11660640 | 60872 | SH |  | SOLE |  | 60872 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 15573373 | 25351 | SH |  | SOLE |  | 25351 | 0 | 0 |
| IONQ INC | COM | 46222L108 |  | 2395475 | 53387 | SH |  | SOLE |  | 53387 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 3710185 | 98231 | SH |  | SOLE |  | 98231 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 11392143 | 229449 | SH |  | SOLE |  | 229449 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 75161878 | 925981 | SH |  | SOLE |  | 925981 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 363650 | 6743 | SH |  | SOLE |  | 6743 | 0 | 0 |
| ISHARES INC | MSCI PAC JP ETF | 464286665 |  | 383572 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 527241 | 8233 | SH |  | SOLE |  | 8233 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 1584880 | 16302 | SH |  | SOLE |  | 16302 | 0 | 0 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 |  | 2573265 | 31871 | SH |  | SOLE |  | 31871 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 3202426 | 44062 | SH |  | SOLE |  | 44062 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 |  | 63987919 | 344447 | SH |  | SOLE |  | 344447 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 73495861 | 1093363 | SH |  | SOLE |  | 1093363 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 5904544 | 91657 | SH |  | SOLE |  | 91657 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 806556 | 2497 | SH |  | SOLE |  | 2497 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 614729 | 3095 | SH |  | SOLE |  | 3095 | 0 | 0 |
| ISHARES TR | MSCI INDIA SM CP | 46429B614 |  | 221195 | 3164 | SH |  | SOLE |  | 3164 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 328319 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 750028 | 4139 | SH |  | SOLE |  | 4139 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 241658 | 4471 | SH |  | SOLE |  | 4471 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 1701196 | 5649 | SH |  | SOLE |  | 5649 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 380123 | 6328 | SH |  | SOLE |  | 6328 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 425000 | 6331 | SH |  | SOLE |  | 6331 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 327963 | 6335 | SH |  | SOLE |  | 6335 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 672351 | 6992 | SH |  | SOLE |  | 6992 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 386764 | 7314 | SH |  | SOLE |  | 7314 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 520650 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 1139889 | 8324 | SH |  | SOLE |  | 8324 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 1202028 | 8522 | SH |  | SOLE |  | 8522 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 1011282 | 9201 | SH |  | SOLE |  | 9201 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 4624614 | 9771 | SH |  | SOLE |  | 9771 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 896876 | 10290 | SH |  | SOLE |  | 10290 | 0 | 0 |
| ISHARES TR | MSCI SAUDI ARBIA | 46434V423 |  | 389551 | 10699 | SH |  | SOLE |  | 10699 | 0 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 545400 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 706580 | 12915 | SH |  | SOLE |  | 12915 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 433440 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 3552809 | 16753 | SH |  | SOLE |  | 16753 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 3654868 | 17376 | SH |  | SOLE |  | 17376 | 0 | 0 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 500205 | 22261 | SH |  | SOLE |  | 22261 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 387639 | 23593 | SH |  | SOLE |  | 23593 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 1348870 | 23681 | SH |  | SOLE |  | 23681 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E460 |  | 505038 | 24606 | SH |  | SOLE |  | 24606 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 2500458 | 26852 | SH |  | SOLE |  | 26852 | 0 | 0 |
| ISHARES TR | LOW CARBON OPTIM | 46434V464 |  | 6900916 | 29935 | SH |  | SOLE |  | 29935 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 4291250 | 30329 | SH |  | SOLE |  | 30329 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 3801092 | 30838 | SH |  | SOLE |  | 30838 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 4767211 | 31999 | SH |  | SOLE |  | 31999 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 4285979 | 35663 | SH |  | SOLE |  | 35663 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 7859159 | 52856 | SH |  | SOLE |  | 52856 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 3557520 | 54647 | SH |  | SOLE |  | 54647 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 2855975 | 74588 | SH |  | SOLE |  | 74588 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 7334539 | 88560 | SH |  | SOLE |  | 88560 | 0 | 0 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 12384428 | 96130 | SH |  | SOLE |  | 96130 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 9003258 | 136413 | SH |  | SOLE |  | 136413 | 0 | 0 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 |  | 18938839 | 156176 | SH |  | SOLE |  | 156176 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 19472099 | 202771 | SH |  | SOLE |  | 202771 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 77445628 | 314615 | SH |  | SOLE |  | 314615 | 0 | 0 |
| ISHARES TR | SELECT US REIT | 464287564 |  | 25605411 | 429117 | SH |  | SOLE |  | 429117 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 59958322 | 743623 | SH |  | SOLE |  | 743623 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1015576977 | 1482724 | SH |  | SOLE |  | 1482724 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 152299121 | 1524821 | SH |  | SOLE |  | 1524821 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 154485075 | 1726862 | SH |  | SOLE |  | 1726862 | 0 | 0 |
| ISHARES U S ETF TR | BLOOMBERG ROLL | 46431W598 |  | 673774 | 13821 | SH |  | SOLE |  | 13821 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 1092939 | 6299 | SH |  | SOLE |  | 6299 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | U S TECH LEADERS | 46654Q732 |  | 1254082 | 13923 | SH |  | SOLE |  | 13923 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 1118810 | 19250 | SH |  | SOLE |  | 19250 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1740611 | 30409 | SH |  | SOLE |  | 30409 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | FLEXIBLE DEBT ET | 46654Q559 |  | 5937661 | 118233 | SH |  | SOLE |  | 118233 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | REALTY INCOME ET | 46641Q126 |  | 12324247 | 263846 | SH |  | SOLE |  | 263846 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 27445242 | 366523 | SH |  | SOLE |  | 366523 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5120771 | 24744 | SH |  | SOLE |  | 24744 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 7421371 | 23032 | SH |  | SOLE |  | 23032 | 0 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 14634000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 2148884 | 106013 | SH |  | SOLE |  | 106013 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 49197974 | 385927 | SH |  | SOLE |  | 385927 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 594201 | 18300 | SH |  | SOLE |  | 18300 | 0 | 0 |
| KODIAK SCIENCES INC | COM | 50015M109 |  | 1856488 | 66398 | SH |  | SOLE |  | 66398 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 325927 | 1904 | SH |  | SOLE |  | 1904 | 0 | 0 |
| LEVI STRAUSS  CO NEW | CL A COM STK | 52736R102 |  | 2572154 | 124019 | SH |  | SOLE |  | 124019 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 5510462 | 113384 | SH |  | SOLE |  | 113384 | 0 | 0 |
| LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 |  | 225779 | 2715 | SH |  | SOLE |  | 2715 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S A | 531229771 |  | 2720280 | 30435 | SH |  | SOLE |  | 30435 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 4085604 | 41474 | SH |  | SOLE |  | 41474 | 0 | 0 |
| LINEAGE INC | COM | 53566V106 |  | 4676980 | 133628 | SH |  | SOLE |  | 133628 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 8401176 | 433721 | SH |  | SOLE |  | 433721 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 4333767 | 100087 | SH |  | SOLE |  | 100087 | 0 | 0 |
| MAGYAR BANCORP INC | COM | 55977T208 |  | 178848 | 10350 | SH |  | SOLE |  | 10350 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 435011 | 762 | SH |  | SOLE |  | 762 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1297094 | 4244 | SH |  | SOLE |  | 4244 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 202975 | 2113 | SH |  | SOLE |  | 2113 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2471497 | 1227 | SH |  | SOLE |  | 1227 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1845524 | 17533 | SH |  | SOLE |  | 17533 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 15088337 | 22858 | SH |  | SOLE |  | 22858 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 288835 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 230850687 | 477339 | SH |  | SOLE |  | 477339 | 0 | 0 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 74005 | 10110 | SH |  | SOLE |  | 10110 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 639070 | 11872 | SH |  | SOLE |  | 11872 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 6375919 | 12481 | SH |  | SOLE |  | 12481 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1334250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 |  | 3831830 | 23928 | SH |  | SOLE |  | 23928 | 0 | 0 |
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 |  | 417133 | 7956 | SH |  | SOLE |  | 7956 | 0 | 0 |
| NERDWALLET INC | COM CL A | 64082B102 |  | 542000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 981761 | 10471 | SH |  | SOLE |  | 10471 | 0 | 0 |
| NEW ERA ENERGY  DIGITAL INC | COM | 64428N109 |  | 258719 | 88300 | SH |  | SOLE |  | 88300 | 0 | 0 |
| NEW MTN FIN CORP | COM | 647551100 |  | 7855402 | 852921 | SH |  | SOLE |  | 852921 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1744083 | 21725 | SH |  | SOLE |  | 21725 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 316963 | 2299 | SH |  | SOLE |  | 2299 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 248345 | 4881 | SH |  | SOLE |  | 4881 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 39142456 | 2338259 | SH |  | SOLE |  | 2338259 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 332092 | 2036 | SH |  | SOLE |  | 2036 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1816501857 | 9739956 | SH |  | SOLE |  | 9739956 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 1101208 | 151 | SH |  | SOLE |  | 151 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 8828254 | 45294 | SH |  | SOLE |  | 45294 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 7448258 | 41903 | SH |  | SOLE |  | 41903 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 20983511 | 113917 | SH |  | SOLE |  | 113917 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 437722 | 498 | SH |  | SOLE |  | 498 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 513203 | 4526 | SH |  | SOLE |  | 4526 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 113200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 11965693 | 83373 | SH |  | SOLE |  | 83373 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3341132 | 20830 | SH |  | SOLE |  | 20830 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 458995 | 3557 | SH |  | SOLE |  | 3557 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 1578034 | 9438 | SH |  | SOLE |  | 9438 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP | COM | 74276L105 |  | 1878791 | 59720 | SH |  | SOLE |  | 59720 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 1195045 | 16429 | SH |  | SOLE |  | 16429 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1553050 | 10837 | SH |  | SOLE |  | 10837 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 566557 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 672991 | 5962 | SH |  | SOLE |  | 5962 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2665643 | 15584 | SH |  | SOLE |  | 15584 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 605462 | 6258 | SH |  | SOLE |  | 6258 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 216081 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 14298102 | 126420 | SH |  | SOLE |  | 126420 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 54911276 | 677666 | SH |  | SOLE |  | 677666 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 240993 | 12448 | SH |  | SOLE |  | 12448 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 350357 | 2055 | SH |  | SOLE |  | 2055 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 342224 | 1866 | SH |  | SOLE |  | 1866 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 15955795 | 221025 | SH |  | SOLE |  | 221025 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 905648 | 1733 | SH |  | SOLE |  | 1733 | 0 | 0 |
| SAFE BULKERS INC | COM | Y7388L103 |  | 138127 | 28657 | SH |  | SOLE |  | 28657 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1217261 | 4595 | SH |  | SOLE |  | 4595 | 0 | 0 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 220250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 8231485 | 82389 | SH |  | SOLE |  | 82389 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 2582527 | 20244 | SH |  | SOLE |  | 20244 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 226729 | 1926 | SH |  | SOLE |  | 1926 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 231655 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 315979 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 286663 | 6715 | SH |  | SOLE |  | 6715 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 1166418 | 7535 | SH |  | SOLE |  | 7535 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 655926 | 11976 | SH |  | SOLE |  | 11976 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 3530720 | 24524 | SH |  | SOLE |  | 24524 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 1409259 | 31520 | SH |  | SOLE |  | 31520 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 287997 | 1880 | SH |  | SOLE |  | 1880 | 0 | 0 |
| SFL CORPORATION LTD | SHS | G7738W106 |  | 336947 | 43143 | SH |  | SOLE |  | 43143 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 591587 | 8051 | SH |  | SOLE |  | 8051 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 3241596 | 10004 | SH |  | SOLE |  | 10004 | 0 | 0 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 3171120 | 146000 | SH |  | SOLE |  | 146000 | 0 | 0 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 37871 | 18748 | SH |  | SOLE |  | 18748 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 3080034 | 14041 | SH |  | SOLE |  | 14041 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 3219934 | 69545 | SH |  | SOLE |  | 69545 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 3290950 | 36861 | SH |  | SOLE |  | 36861 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 537277 | 1118 | SH |  | SOLE |  | 1118 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 8938376 | 22554 | SH |  | SOLE |  | 22554 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 115877984 | 169929 | SH |  | SOLE |  | 169929 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 1135999 | 4709 | SH |  | SOLE |  | 4709 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R747 |  | 3214647 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 209636 | 361 | SH |  | SOLE |  | 361 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET BLA | 78467V608 |  | 2791049 | 67629 | SH |  | SOLE |  | 67629 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 2764668 | 29062 | SH |  | SOLE |  | 29062 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 83164665 | 273667 | SH |  | SOLE |  | 273667 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 17500530 | 46688 | SH |  | SOLE |  | 46688 | 0 | 0 |
| TCW ETF TRUST | TRANSFRM 500 ETF | 29287L106 |  | 38237009 | 476634 | SH |  | SOLE |  | 476634 | 0 | 0 |
| TELESAT CORP | CL A  CL B SHS | 879512309 |  | 1164000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 18385903 | 40883 | SH |  | SOLE |  | 40883 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 4980000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| THE ALGER ETF TRUST | AI ENABLERS ADOP | 015564503 |  | 386124 | 10693 | SH |  | SOLE |  | 10693 | 0 | 0 |
| THE ALGER ETF TRUST | CONCENTRATED EQT | 015564404 |  | 371132 | 10795 | SH |  | SOLE |  | 10795 | 0 | 0 |
| TIDAL TRUST III | VISTASHARES ARTI | 45259A845 |  | 496184 | 13137 | SH |  | SOLE |  | 13137 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 1070224 | 5271 | SH |  | SOLE |  | 5271 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 221050 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 19734604 | 309126 | SH |  | SOLE |  | 309126 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 54118246 | 40695 | SH |  | SOLE |  | 40695 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 101924 | 24679 | SH |  | SOLE |  | 24679 | 0 | 0 |
| TSAKOS ENERGY NAVIGATION LTD | SHS | G9108L173 |  | 284532 | 12691 | SH |  | SOLE |  | 12691 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 254659 | 5499 | SH |  | SOLE |  | 5499 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1183664 | 5117 | SH |  | SOLE |  | 5117 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 32884238 | 99616 | SH |  | SOLE |  | 99616 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 3382185 | 76572 | SH |  | SOLE |  | 76572 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 173221 | 13294 | SH |  | SOLE |  | 13294 | 0 | 0 |
| VALHI INC NEW | COM | 918905209 |  | 1056990 | 87717 | SH |  | SOLE |  | 87717 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 392413 | 1378 | SH |  | SOLE |  | 1378 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 293780 | 2582 | SH |  | SOLE |  | 2582 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 631096 | 7358 | SH |  | SOLE |  | 7358 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 854614 | 7702 | SH |  | SOLE |  | 7702 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 14944289 | 201759 | SH |  | SOLE |  | 201759 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 64914378 | 823682 | SH |  | SOLE |  | 823682 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1154068 | 4474 | SH |  | SOLE |  | 4474 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 4190230 | 8589 | SH |  | SOLE |  | 8589 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 819329 | 9259 | SH |  | SOLE |  | 9259 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 4330316 | 22673 | SH |  | SOLE |  | 22673 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 45466206 | 135611 | SH |  | SOLE |  | 135611 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 99373650 | 342408 | SH |  | SOLE |  | 342408 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 319701658 | 509785 | SH |  | SOLE |  | 509785 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 727164 | 5155 | SH |  | SOLE |  | 5155 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 921554 | 17142 | SH |  | SOLE |  | 17142 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 2053722 | 27919 | SH |  | SOLE |  | 27919 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 2642243 | 31602 | SH |  | SOLE |  | 31602 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 232280 | 2334 | SH |  | SOLE |  | 2334 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 251658 | 4285 | SH |  | SOLE |  | 4285 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 395178 | 6594 | SH |  | SOLE |  | 6594 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 699634 | 7580 | SH |  | SOLE |  | 7580 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 817149 | 9757 | SH |  | SOLE |  | 9757 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000GRW | 92206C623 |  | 2810877 | 11911 | SH |  | SOLE |  | 11911 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 1769880 | 14537 | SH |  | SOLE |  | 14537 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2461743 | 30876 | SH |  | SOLE |  | 30876 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 22416022 | 101993 | SH |  | SOLE |  | 101993 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 19413730 | 257340 | SH |  | SOLE |  | 257340 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 11820773 | 189223 | SH |  | SOLE |  | 189223 | 0 | 0 |
| VANGUARD WELLINGTON FD | US QUALITY | 921935706 |  | 745879 | 4862 | SH |  | SOLE |  | 4862 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2012593 | 2670 | SH |  | SOLE |  | 2670 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 275243 | 1233 | SH |  | SOLE |  | 1233 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 2332620 | 14398 | SH |  | SOLE |  | 14398 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 386300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 2653058 | 149975 | SH |  | SOLE |  | 149975 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3288958 | 9378 | SH |  | SOLE |  | 9378 | 0 | 0 |
| VOX ROYALTY CORP | COM | 92919F103 |  | 53358 | 11257 | SH |  | SOLE |  | 11257 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 534879 | 4801 | SH |  | SOLE |  | 4801 | 0 | 0 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 392621 | 4453 | SH |  | SOLE |  | 4453 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2377532 | 25510 | SH |  | SOLE |  | 25510 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 93100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 627339 | 12467 | SH |  | SOLE |  | 12467 | 0 | 0 |
| XBP GLOBAL HOLDINGS INC | COM NEW | 98400V200 |  | 229769 | 33740 | SH |  | SOLE |  | 33740 | 0 | 0 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 2394619 | 40266 | SH |  | SOLE |  | 40266 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 478055 | 59312 | SH |  | SOLE |  | 59312 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 306330 | 3550 | SH |  | SOLE |  | 3550 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 1145559 | 112641 | SH |  | SOLE |  | 112641 | 0 | 0 |

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