# EDGAR Filing Document

**Accession Number:** 0001598841
**File Stem:** 0001598841-25-000006
**Filing Date:** 2025-11
**Character Count:** 28461
**Document Hash:** 5f8966d44d54b813ac1710d79d90dec4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001598841-25-000006.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001598841-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors Preferred, LLC
- **CENTRAL INDEX KEY:** 0001598841

**ORGANIZATION NAME:**
- **EIN:** 364702719
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16005
- **FILM NUMBER:** 251465125

**BUSINESS ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 240-223-1998

**MAIL ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

### 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:** Advisors Preferred LLC<br>**Address:** 1445 RESEARCH BOULEVARD

#530<br>ROCKVILLE, MD 20850

**Form 13F File Number:** 028-16005

**CRD Number (if applicable):** 000157980

**SEC File Number (if applicable):** 801-72430

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:** Angela Holland<br>**Title:** Angela Holland<br>**Phone:** 2402231988

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

Angela Holland  Rockville, MD  11-10-2025<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:** 1

**Form 13F Information Table Entry Total:** 236

**Form 13F Information Table Value Total:** $677407760

      (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.]

| No.   | Name                           | Form 13F File Number   |
|:---|:---|:---|
|  | Flexible Plan Investments Ltd. |  |

### 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 |
| Apple Inc. | COM | 037833100 |  | 10269090 | 40200 | SH |  | OTR | 1 | 40200 | 0 | 0 |
| Ambev S.A. | ADR | 02319V103 |  | 1689764 | 764599 | SH |  | OTR | 1 | 764599 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 1735110 | 13000 | SH |  | OTR | 1 | 13000 | 0 | 0 |
| ALPS Clean Energy ETF USD Class | ETF | 00162Q460 |  | 117526 | 3514 | SH |  | OTR | 1 | 3514 | 0 | 0 |
| Aptus Collared Investment Opportunity ETF | ETF | 26922A222 |  | 47437 | 1089 | SH |  | OTR | 1 | 1089 | 0 | 0 |
| Adobe Inc. | COM | 00724F101 |  | 1512368 | 4400 | SH |  | OTR | 1 | 4400 | 0 | 0 |
| Adient plc | COM | G0084W101 |  | 1092144 | 44760 | SH |  | OTR | 1 | 44760 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 235621 | 808 | SH |  | OTR | 1 | 808 | 0 | 0 |
| Ameren Corporation | COM | 023608102 |  | 6321538 | 61119 | SH |  | OTR | 1 | 61119 | 0 | 0 |
| AES Corporation (The) | COM | 00130H105 |  | 1012898 | 65901 | SH |  | OTR | 1 | 65901 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 1402950 | 4700 | SH |  | OTR | 1 | 4700 | 0 | 0 |
| Alerian MLP ETF USD Class | ETF | 00162Q452 |  | 2125070 | 45330 | SH |  | OTR | 1 | 45330 | 0 | 0 |
| AMERISAFE Inc. | COM | 03071H100 |  | 236234 | 5457 | SH |  | OTR | 1 | 5457 | 0 | 0 |
| America Movil S.A.B. de C.V. | ADR | 02390A101 |  | 385993 | 18638 | SH |  | OTR | 1 | 18638 | 0 | 0 |
| Amazon.com Inc. | COM | 023135106 |  | 5581939 | 25300 | SH |  | OTR | 1 | 25300 | 0 | 0 |
| Air Products and Chemicals Inc. | COM | 009158106 |  | 725490 | 2700 | SH |  | OTR | 1 | 2700 | 0 | 0 |
| Amphenol Corporation | COM | 032095101 |  | 3241160 | 26000 | SH |  | OTR | 1 | 26000 | 0 | 0 |
| Aptiv Holdings Ltd. | COM | G3265R107 |  | 3374254 | 38740 | SH |  | OTR | 1 | 38740 | 0 | 0 |
| AltShares Merger Arbitrage ETF | ETF | 02210T108 |  | 258655 | 8913 | SH |  | OTR | 1 | 8913 | 0 | 0 |
| Argenx S.E. | ADR | 04016X101 |  | 399779 | 521 | SH |  | OTR | 1 | 521 | 0 | 0 |
| ARK Autonomous Technology  Robotics ETF | ETF | 00214Q203 |  | 315359 | 2778 | SH |  | OTR | 1 | 2778 | 0 | 0 |
| Atour Lifestyle Holdings Ltd. | ADR | 04965M106 |  | 118860 | 3260 | SH |  | OTR | 1 | 3260 | 0 | 0 |
| Global X Adaptive US Factor ETF | ETF | 37954Y574 |  | 120071 | 2595 | SH |  | OTR | 1 | 2595 | 0 | 0 |
| American Axle  Manufacturing Holdings Inc. | COM | 024061103 |  | 1768237 | 299194 | SH |  | OTR | 1 | 299194 | 0 | 0 |
| AstraZeneca plc | ADR | 046353108 |  | 356252 | 4223 | SH |  | OTR | 1 | 4223 | 0 | 0 |
| Bank of America Corporation | COM | 060505104 |  | 2812740 | 55500 | SH |  | OTR | 1 | 55500 | 0 | 0 |
| Banco Bradesco S.A. | ADR | 059460303 |  | 245414 | 75745 | SH |  | OTR | 1 | 75745 | 0 | 0 |
| Banco Bilbao Vizcaya Argentaria S.A. | ADR | 05946K101 |  | 488323 | 25407 | SH |  | OTR | 1 | 25407 | 0 | 0 |
| Roundhill Sports Betting  iGaming ETF | ETF | 53656F789 |  | 257712 | 10920 | SH |  | OTR | 1 | 10920 | 0 | 0 |
| Saul Centers Inc. | REIT | 804395101 |  | 240230 | 7526 | SH |  | OTR | 1 | 7526 | 0 | 0 |
| Benchmark Electronics Inc. | COM | 08160H101 |  | 1170333 | 30637 | SH |  | OTR | 1 | 30637 | 0 | 0 |
| State Street SPDR Bloomberg 1-3 Month T-Bill ETF USD Class | ETF | 78468R663 |  | 9794451 | 107090 | SH |  | OTR | 1 | 107090 | 0 | 0 |
| Bilibili Inc. | ADR | 090040106 |  | 213201 | 7486 | SH |  | OTR | 1 | 7486 | 0 | 0 |
| Bitwise Crypto Industry Innovators ETF USD Class | ETF | 301505624 |  | 28464 | 1118 | SH |  | OTR | 1 | 1118 | 0 | 0 |
| Vanguard Intermediate-Term Bond ETF Investor Class | ETF | 921937819 |  | 4252625 | 54458 | SH |  | OTR | 1 | 54458 | 0 | 0 |
| BNY Mellon US Large Cap Core Equity ETF USD Class | ETF | 09661T107 |  | 11510161 | 89643 | SH |  | OTR | 1 | 89643 | 0 | 0 |
| Blackrock Inc. | COM | 09290D101 |  | 2510354 | 2200 | SH |  | OTR | 1 | 2200 | 0 | 0 |
| Amplify Blockchain Technology ETF USD Class | ETF | 032108607 |  | 203873 | 3019 | SH |  | OTR | 1 | 3019 | 0 | 0 |
| Banco Macro S.A. | ADR | 05961W105 |  | 117264 | 2904 | SH |  | OTR | 1 | 2904 | 0 | 0 |
| Broadridge Financial Solutions Inc. | COM | 11133T103 |  | 232723 | 992 | SH |  | OTR | 1 | 992 | 0 | 0 |
| Berkshire Hathaway Inc. | COM | 084670702 |  | 2540820 | 5100 | SH |  | OTR | 1 | 5100 | 0 | 0 |
| Berkshire Hathaway Inc. | COM | 084670702 |  | 996400 | 2000 | SH |  | OTR | 1 | 2000 | 0 | 0 |
| Caterpillar Inc. | COM | 149123101 |  | 3029166 | 6300 | SH |  | OTR | 1 | 6300 | 0 | 0 |
| Colgate-Palmolive Company | COM | 194162103 |  | 232052 | 2937 | SH |  | OTR | 1 | 2937 | 0 | 0 |
| Convergence Long short Equity ETF | ETF | 89834G760 |  | 38881 | 1488 | SH |  | OTR | 1 | 1488 | 0 | 0 |
| Clorox Company (The) | COM | 189054109 |  | 236404 | 1927 | SH |  | OTR | 1 | 1927 | 0 | 0 |
| Centene Corporation | COM | 15135B101 |  | 563405 | 15764 | SH |  | OTR | 1 | 15764 | 0 | 0 |
| State Street SPDR S Kensho Clean Power ETF | ETF | 78468R655 |  | 224299 | 2531 | SH |  | OTR | 1 | 2531 | 0 | 0 |
| CNX Resources Corporation | COM | 12653C108 |  | 1524247 | 45378 | SH |  | OTR | 1 | 45378 | 0 | 0 |
| Capital One Financial Corporation | COM | 14040H105 |  | 1451664 | 6800 | SH |  | OTR | 1 | 6800 | 0 | 0 |
| Cencora Inc. | COM | 03073E105 |  | 239128 | 767 | SH |  | OTR | 1 | 767 | 0 | 0 |
| Costco Wholesale Corporation | COM | 22160K105 |  | 1284276 | 1400 | SH |  | OTR | 1 | 1400 | 0 | 0 |
| California Resources Corporation | COM | 13057Q305 |  | 1505294 | 28295 | SH |  | OTR | 1 | 28295 | 0 | 0 |
| Salesforce Inc. | COM | 79466L302 |  | 2804711 | 11900 | SH |  | OTR | 1 | 11900 | 0 | 0 |
| CoStar Group Inc. | COM | 22160N109 |  | 615832 | 7377 | SH |  | OTR | 1 | 7377 | 0 | 0 |
| Cintas Corporation | COM | 172908105 |  | 236222 | 1160 | SH |  | OTR | 1 | 1160 | 0 | 0 |
| CareTrust REIT Inc. | REIT | 14174T107 |  | 966668 | 27431 | SH |  | OTR | 1 | 27431 | 0 | 0 |
| Carnival plc | ADR | 14365C103 |  | 108728 | 4169 | SH |  | OTR | 1 | 4169 | 0 | 0 |
| Chevron Corporation | COM | 166764100 |  | 1020228 | 6600 | SH |  | OTR | 1 | 6600 | 0 | 0 |
| State Street SPDR Bloomberg Convertible Securities ETF | ETF | 78464A359 |  | 9562666 | 104716 | SH |  | OTR | 1 | 104716 | 0 | 0 |
| VanEck Digital Transformation ETF USD Class | ETF | 92189H821 |  | 13085 | 591 | SH |  | OTR | 1 | 591 | 0 | 0 |
| State Street SPDR Global Dow ETF | ETF | 78464A706 |  | 64884 | 399 | SH |  | OTR | 1 | 399 | 0 | 0 |
| Danaher Corporation | COM | 235851102 |  | 808944 | 3800 | SH |  | OTR | 1 | 3800 | 0 | 0 |
| WisdomTree US LargeCap Dividend Fund USD Class | ETF | 97717W307 |  | 2394351 | 27496 | SH |  | OTR | 1 | 27496 | 0 | 0 |
| Digital Realty Trust Inc. | REIT | 253868103 |  | 2108835 | 12300 | SH |  | OTR | 1 | 12300 | 0 | 0 |
| Eni SpA | ADR | 26874R108 |  | 1829711 | 52188 | SH |  | OTR | 1 | 52188 | 0 | 0 |
| Ecolab Inc. | COM | 278865100 |  | 404565 | 1500 | SH |  | OTR | 1 | 1500 | 0 | 0 |
| iShares MSCI Emerging Markets ETF USD Class | ETF | 464287234 |  | 34057135 | 632797 | SH |  | OTR | 1 | 632797 | 0 | 0 |
| WisdomTree US LargeCap Fund | ETF | 97717W588 |  | 82043 | 1188 | SH |  | OTR | 1 | 1188 | 0 | 0 |
| Equinor ASA | ADR | 29446M102 |  | 1118759 | 45515 | SH |  | OTR | 1 | 45515 | 0 | 0 |
| EQT Corporation | COM | 26884L109 |  | 997907 | 17769 | SH |  | OTR | 1 | 17769 | 0 | 0 |
| Essent Group Ltd. | COM | G3198U102 |  | 2864098 | 46054 | SH |  | OTR | 1 | 46054 | 0 | 0 |
| Edwards Lifesciences Corporation | COM | 28176E108 |  | 232364 | 3045 | SH |  | OTR | 1 | 3045 | 0 | 0 |
| Exelixis Inc. | COM | 30161Q104 |  | 2205766 | 53538 | SH |  | OTR | 1 | 53538 | 0 | 0 |
| First Trust Global Wind Energy ETF | ETF | 33736G106 |  | 445332 | 22721 | SH |  | OTR | 1 | 22721 | 0 | 0 |
| Fidelity MSCI Consumer Discretionary Index ETF USD Class | ETF | 316092204 |  | 84383 | 816 | SH |  | OTR | 1 | 816 | 0 | 0 |
| Fidelity High Dividend ETF | ETF | 316092840 |  | 398414 | 7112 | SH |  | OTR | 1 | 7112 | 0 | 0 |
| Federated Hermes Inc. | COM | 314211103 |  | 231434 | 4554 | SH |  | OTR | 1 | 4554 | 0 | 0 |
| Flowserve Corporation | COM | 34354P105 |  | 1017882 | 19300 | SH |  | OTR | 1 | 19300 | 0 | 0 |
| Futu Holdings Ltd. | ADR | 36118L106 |  | 246473 | 1397 | SH |  | OTR | 1 | 1397 | 0 | 0 |
| First Trust Small Cap Growth AlphaDEX Fund | ETF | 33737M300 |  | 12998 | 143 | SH |  | OTR | 1 | 143 | 0 | 0 |
| VanEck Gold Miners ETF | ETF | 92189F106 |  | 161664 | 2096 | SH |  | OTR | 1 | 2096 | 0 | 0 |
| VanEck Junior Gold Miners ETF | ETF | 92189F791 |  | 152447 | 1526 | SH |  | OTR | 1 | 1526 | 0 | 0 |
| Griffon Corporation | COM | 398433102 |  | 1139963 | 14968 | SH |  | OTR | 1 | 14968 | 0 | 0 |
| Gold Fields Ltd. | ADR | 38059T106 |  | 448830 | 10753 | SH |  | OTR | 1 | 10753 | 0 | 0 |
| SPDR Gold Shares USD Class | ETF | 78463V107 |  | 1778145 | 4995 | SH |  | OTR | 1 | 4995 | 0 | 0 |
| Alphabet Inc. | COM | 02079K305 |  | 6808220 | 27800 | SH |  | OTR | 1 | 27800 | 0 | 0 |
| Goldman Sachs Group Inc. (The) | COM | 38141G104 |  | 2042326 | 2600 | SH |  | OTR | 1 | 2600 | 0 | 0 |
| Goldman Sachs Equal Weight US Large Cap Equity ETF | ETF | 381430438 |  | 2185271 | 25700 | SH |  | OTR | 1 | 25700 | 0 | 0 |
| WW Grainger Inc. | COM | 384802104 |  | 235056 | 249 | SH |  | OTR | 1 | 249 | 0 | 0 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 1525629 | 20358 | SH |  | OTR | 1 | 20358 | 0 | 0 |
| Home Depot Inc. (The) | COM | 437076102 |  | 3327425 | 8381 | SH |  | OTR | 1 | 8381 | 0 | 0 |
| Harmony Gold Mining Company Ltd. | ADR | 413216300 |  | 451614 | 24491 | SH |  | OTR | 1 | 24491 | 0 | 0 |
| Honeywell International Inc. | COM | 438516106 |  | 1891620 | 9000 | SH |  | OTR | 1 | 9000 | 0 | 0 |
| HSBC Holdings plc | ADR | 404280406 |  | 1372324 | 19231 | SH |  | OTR | 1 | 19231 | 0 | 0 |
| Humana Inc. | COM | 444859102 |  | 1165741 | 4724 | SH |  | OTR | 1 | 4724 | 0 | 0 |
| VanEck Emerging Markets High Yield Bond ETF | ETF | 92189F353 |  | 214060 | 10703 | SH |  | OTR | 1 | 10703 | 0 | 0 |
| iShares iBoxx  High Yield Corporate Bond ETF USD Class | ETF | 464288513 |  | 2121071 | 26199 | SH |  | OTR | 1 | 26199 | 0 | 0 |
| iShares Interest Rate Hedged High Yield Bond ETF | ETF | 46431W606 |  | 247148 | 2847 | SH |  | OTR | 1 | 2847 | 0 | 0 |
| Intercontinental Exchange Inc. | COM | 45866F104 |  | 7098423 | 43645 | SH |  | OTR | 1 | 43645 | 0 | 0 |
| iShares Convertible Bond ETF | ETF | 46435G102 |  | 545537 | 5411 | SH |  | OTR | 1 | 5411 | 0 | 0 |
| iShares 7-10 Year Treasury Bond ETF USD Class | ETF | 464287440 |  | 9568913 | 99170 | SH |  | OTR | 1 | 99170 | 0 | 0 |
| iShares North American Natural Resources ETF USD Class | ETF | 464287374 |  | 34580 | 704 | SH |  | OTR | 1 | 704 | 0 | 0 |
| International Paper Company | COM | 460146103 |  | 1181318 | 25542 | SH |  | OTR | 1 | 25542 | 0 | 0 |
| Invesco Ltd. | COM | G491BT108 |  | 930666 | 40306 | SH |  | OTR | 1 | 40306 | 0 | 0 |
| iShares Russell 2000 Value ETF USD Class | ETF | 464287630 |  | 11238205 | 63296 | SH |  | OTR | 1 | 63296 | 0 | 0 |
| iShares Global Tech ETF | ETF | 464287291 |  | 225762 | 2166 | SH |  | OTR | 1 | 2166 | 0 | 0 |
| iShares U.S. Technology ETF USD Class | ETF | 464287721 |  | 210817 | 1069 | SH |  | OTR | 1 | 1069 | 0 | 0 |
| JBG SMITH Properties | REIT | 46590V100 |  | 563245 | 25544 | SH |  | OTR | 1 | 25544 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 1767475 | 9500 | SH |  | OTR | 1 | 9500 | 0 | 0 |
| State Street SPDR Bloomberg High Yield Bond ETF USD Class | ETF | 78468R622 |  | 2832439 | 29009 | SH |  | OTR | 1 | 29009 | 0 | 0 |
| JPMorgan Chase  Company | COM | 46625H100 |  | 3883875 | 12500 | SH |  | OTR | 1 | 12500 | 0 | 0 |
| Kellanova | COM | 487836108 |  | 237897 | 2885 | SH |  | OTR | 1 | 2885 | 0 | 0 |
| KB Financial Group Inc. | ADR | 48241A105 |  | 390717 | 4677 | SH |  | OTR | 1 | 4677 | 0 | 0 |
| Korea Electric Power Corporation | ADR | 500631106 |  | 81238 | 6322 | SH |  | OTR | 1 | 6322 | 0 | 0 |
| KKR  Company Inc. | COM | 48251W104 |  | 2995545 | 23500 | SH |  | OTR | 1 | 23500 | 0 | 0 |
| Kimberly-Clark Corporation | COM | 494368103 |  | 238204 | 1933 | SH |  | OTR | 1 | 1933 | 0 | 0 |
| Coca-Cola Company (The) | COM | 191216100 |  | 238939 | 3578 | SH |  | OTR | 1 | 3578 | 0 | 0 |
| Kilroy Realty Corporation | REIT | 49427F108 |  | 620237 | 14715 | SH |  | OTR | 1 | 14715 | 0 | 0 |
| Linde plc | COM | G54950103 |  | 7033893 | 15068 | SH |  | OTR | 1 | 15068 | 0 | 0 |
| Eli Lilly  Company | COM | 532457108 |  | 453981 | 550 | SH |  | OTR | 1 | 550 | 0 | 0 |
| Loma Negra Cia Industrial Argentina S.A. | ADR | 54150E104 |  | 132661 | 18606 | SH |  | OTR | 1 | 18606 | 0 | 0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF USD Class | ETF | 464287242 |  | 9031083 | 80989 | SH |  | OTR | 1 | 80989 | 0 | 0 |
| Franklin International Low Volatility High Dividend Index ETF | ETF | 52468L505 |  | 194455 | 5567 | SH |  | OTR | 1 | 5567 | 0 | 0 |
| Lloyds Banking Group plc | ADR | 539439109 |  | 1385660 | 306562 | SH |  | OTR | 1 | 306562 | 0 | 0 |
| Masco Corporation | COM | 574599106 |  | 1931050 | 27500 | SH |  | OTR | 1 | 27500 | 0 | 0 |
| McDonald's Corporation | COM | 580135101 |  | 781352 | 2600 | SH |  | OTR | 1 | 2600 | 0 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 3945370 | 5500 | SH |  | OTR | 1 | 5500 | 0 | 0 |
| Marsh  McLennan Companies Inc. | COM | 571748102 |  | 238126 | 1183 | SH |  | OTR | 1 | 1183 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 1772857 | 11300 | SH |  | OTR | 1 | 11300 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 10576099 | 20350 | SH |  | OTR | 1 | 20350 | 0 | 0 |
| Motorola Solutions Inc. | COM | 620076307 |  | 237604 | 520 | SH |  | OTR | 1 | 520 | 0 | 0 |
| MGIC Investment Corporation | COM | 552848103 |  | 2821943 | 100425 | SH |  | OTR | 1 | 100425 | 0 | 0 |
| Mitsubishi UFJ Financial Group Inc. | ADR | 606822104 |  | 336851 | 21524 | SH |  | OTR | 1 | 21524 | 0 | 0 |
| Newmont Corporation | COM | 651639106 |  | 4376230 | 50916 | SH |  | OTR | 1 | 50916 | 0 | 0 |
| Netflix Inc. | COM | 64110L106 |  | 1990530 | 1700 | SH |  | OTR | 1 | 1700 | 0 | 0 |
| Nice Ltd. | ADR | 653656108 |  | 351177 | 2523 | SH |  | OTR | 1 | 2523 | 0 | 0 |
| New Jersey Resources Corporation | COM | 646025106 |  | 6360989 | 133438 | SH |  | OTR | 1 | 133438 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 |  | 12357840 | 66000 | SH |  | OTR | 1 | 66000 | 0 | 0 |
| Novo Nordisk AS | ADR | 670100205 |  | 85205 | 1440 | SH |  | OTR | 1 | 1440 | 0 | 0 |
| NatWest Group plc | ADR | 639057207 |  | 507300 | 35575 | SH |  | OTR | 1 | 35575 | 0 | 0 |
| O-I Glass Inc. | COM | 67098H104 |  | 118646 | 90708 | SH |  | OTR | 1 | 90708 | 0 | 0 |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | ADR | 400501102 |  | 159222 | 1561 | SH |  | OTR | 1 | 1561 | 0 | 0 |
| Owens  Minor Inc. | COM | 690732102 |  | 576788 | 114898 | SH |  | OTR | 1 | 114898 | 0 | 0 |
| Proshares Online Retail ETF USD Class | ETF | 74347B169 |  | 71223 | 1170 | SH |  | OTR | 1 | 1170 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 3179110 | 11000 | SH |  | OTR | 1 | 11000 | 0 | 0 |
| Phibro Animal Health Corporation | COM | 71742Q106 |  | 3952949 | 96886 | SH |  | OTR | 1 | 96886 | 0 | 0 |
| Palo Alto Networks Inc. | COM | 697435105 |  | 661760 | 3200 | SH |  | OTR | 1 | 3200 | 0 | 0 |
| Petroleo Brasileiro S.A. | ADR | 71654V408 |  | 2475930 | 196191 | SH |  | OTR | 1 | 196191 | 0 | 0 |
| Invesco WilderHill Clean Energy ETF | ETF | 46137V134 |  | 42298 | 1385 | SH |  | OTR | 1 | 1385 | 0 | 0 |
| PotlatchDeltic Corporation | REIT | 737630103 |  | 433927 | 103860 | SH |  | OTR | 1 | 103860 | 0 | 0 |
| Invesco Emerging Markets Sovereign Debt ETF | ETF | 46138E784 |  | 4275480 | 197573 | SH |  | OTR | 1 | 197573 | 0 | 0 |
| PDD Holdings Inc. | ADR | 722304102 |  | 126336 | 940 | SH |  | OTR | 1 | 940 | 0 | 0 |
| Invesco Leisure  Entertainment ETF | ETF | 46137V720 |  | 29880 | 497 | SH |  | OTR | 1 | 497 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 1001980 | 7000 | SH |  | OTR | 1 | 7000 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 241763 | 1689 | SH |  | OTR | 1 | 1689 | 0 | 0 |
| Procter  Gamble Company (The) | COM | 742718109 |  | 2093203 | 13665 | SH |  | OTR | 1 | 13665 | 0 | 0 |
| Progyny Inc. | COM | 74340E103 |  | 1068427 | 50350 | SH |  | OTR | 1 | 50350 | 0 | 0 |
| Invesco Preferred ETF USD Class | ETF | 46138E511 |  | 6429904 | 547692 | SH |  | OTR | 1 | 547692 | 0 | 0 |
| Invesco Fundamental High Yield Corporate Bond ETF USD Class | ETF | 46138E719 |  | 2131440 | 114409 | SH |  | OTR | 1 | 114409 | 0 | 0 |
| iShares MSCI Global Metals  Mining Producers ETF | ETF | 46434G848 |  | 154974 | 3450 | SH |  | OTR | 1 | 3450 | 0 | 0 |
| Pilgrim's Pride Corporation | COM | 72147K108 |  | 1858027 | 45054 | SH |  | OTR | 1 | 45054 | 0 | 0 |
| Public Storage | REIT | 74460D109 |  | 238648 | 821 | SH |  | OTR | 1 | 821 | 0 | 0 |
| Invesco Global Listed Private Equity ETF | ETF | 46137V118 |  | 34275 | 500 | SH |  | OTR | 1 | 500 | 0 | 0 |
| Prudential plc | ADR | 74435K204 |  | 928663 | 33025 | SH |  | OTR | 1 | 33025 | 0 | 0 |
| IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF USD Class | ETF | 45409B107 |  | 42519 | 1263 | SH |  | OTR | 1 | 1263 | 0 | 0 |
| Invesco QQQ Trust Series 1 USD Class | ETF | 46090E103 |  | 3176111 | 5265 | SH |  | OTR | 1 | 5265 | 0 | 0 |
| Invesco Nasdaq 100 ETF USD Class | ETF | 46138G649 |  | 24023444 | 96740 | SH |  | OTR | 1 | 96740 | 0 | 0 |
| Radian Group Inc. | COM | 750236101 |  | 2786768 | 78324 | SH |  | OTR | 1 | 78324 | 0 | 0 |
| iShares Residential and Multisector Real Estate ETF USD Class | ETF | 464288562 |  | 21604 | 254 | SH |  | OTR | 1 | 254 | 0 | 0 |
| iShares MSCI Global Gold Miners ETF | ETF | 46434G855 |  | 222282 | 3390 | SH |  | OTR | 1 | 3390 | 0 | 0 |
| Rollins Inc. | COM | 775711104 |  | 235368 | 4049 | SH |  | OTR | 1 | 4049 | 0 | 0 |
| Range Resources Corporation | COM | 75281A109 |  | 2033501 | 51183 | SH |  | OTR | 1 | 51183 | 0 | 0 |
| Invesco S 500 Equal Weight ETF USD Class | ETF | 46137V357 |  | 4230583 | 22251 | SH |  | OTR | 1 | 22251 | 0 | 0 |
| Invesco S 500 Equal Weight Technology ETF | ETF | 46137V282 |  | 94503 | 2101 | SH |  | OTR | 1 | 2101 | 0 | 0 |
| SAP S.E. | ADR | 803054204 |  | 1403138 | 5197 | SH |  | OTR | 1 | 5197 | 0 | 0 |
| Schwab US Dividend Equity ETF USD Class | ETF | 808524797 |  | 19530608 | 709430 | SH |  | OTR | 1 | 709430 | 0 | 0 |
| Service Corp International | COM | 817565104 |  | 235618 | 2847 | SH |  | OTR | 1 | 2847 | 0 | 0 |
| Sea Ltd. | ADR | 81141R100 |  | 362746 | 1993 | SH |  | OTR | 1 | 1993 | 0 | 0 |
| iShares 0-3 Month Treasury Bond ETF USD Class | ETF | 46436E718 |  | 17822701 | 177570 | SH |  | OTR | 1 | 177570 | 0 | 0 |
| Shell plc | ADR | 780259305 |  | 485860 | 6708 | SH |  | OTR | 1 | 6708 | 0 | 0 |
| Shinhan Financial Group Company Ltd. | ADR | 824596100 |  | 527166 | 10441 | SH |  | OTR | 1 | 10441 | 0 | 0 |
| Sherwin-Williams Company (The) | COM | 824348106 |  | 733623 | 2150 | SH |  | OTR | 1 | 2150 | 0 | 0 |
| Global X Silver Miners ETF | ETF | 37954Y848 |  | 70165 | 976 | SH |  | OTR | 1 | 976 | 0 | 0 |
| Amplify Junior Silver Miners ETF | ETF | 032108649 |  | 10657 | 457 | SH |  | OTR | 1 | 457 | 0 | 0 |
| Synovus Financial Corporation | COM | 87161C501 |  | 905359 | 18602 | SH |  | OTR | 1 | 18602 | 0 | 0 |
| Southern Company (The) | COM | 842587107 |  | 867420 | 9150 | SH |  | OTR | 1 | 9150 | 0 | 0 |
| Southern Company (The) | COM | 842587107 |  | 6329227 | 66764 | SH |  | OTR | 1 | 66764 | 0 | 0 |
| Invesco S 500 High Beta ETF USD Class | ETF | 46138E370 |  | 1012739 | 9100 | SH |  | OTR | 1 | 9100 | 0 | 0 |
| Invesco S 500 Low Volatility ETF USD Class | ETF | 46138E354 |  | 3616112 | 49529 | SH |  | OTR | 1 | 49529 | 0 | 0 |
| Invesco S 500 Momentum ETF USD Class | ETF | 46138E339 |  | 16878 | 140 | SH |  | OTR | 1 | 140 | 0 | 0 |
| SPDR S 500 ETF Trust USD Class | ETF | 78462F103 |  | 434492 | 650 | SH |  | OTR | 1 | 650 | 0 | 0 |
| State Street SPDR Portfolio S 500 ETF USD Class | ETF | 78464A854 |  | 4922631 | 62605 | SH |  | OTR | 1 | 62605 | 0 | 0 |
| iShares 0 5 Year TIPS Bond ETF | ETF | 46429B747 |  | 428859 | 4154 | SH |  | OTR | 1 | 4154 | 0 | 0 |
| Stryker Corporation | COM | 863667101 |  | 1565845 | 4300 | SH |  | OTR | 1 | 4300 | 0 | 0 |
| Sysco Corporation | COM | 871829107 |  | 239267 | 2889 | SH |  | OTR | 1 | 2889 | 0 | 0 |
| Telefonica S.A. | ADR | 879382208 |  | 1695069 | 333675 | SH |  | OTR | 1 | 333675 | 0 | 0 |
| Tenet Healthcare Corporation | COM | 88033G407 |  | 1067907 | 5304 | SH |  | OTR | 1 | 5304 | 0 | 0 |
| TJX Companies Inc. (The) | COM | 872540109 |  | 1767920 | 12250 | SH |  | OTR | 1 | 12250 | 0 | 0 |
| iShares 20 plus Year Treasury Bond ETF USD Class | ETF | 464287432 |  | 71432 | 800 | SH |  | OTR | 1 | 800 | 0 | 0 |
| Thermo Fisher Scientific Inc. | COM | 883556102 |  | 1645263 | 3100 | SH |  | OTR | 1 | 3100 | 0 | 0 |
| Targa Resources Corporation | COM | 87612G101 |  | 1575824 | 9376 | SH |  | OTR | 1 | 9376 | 0 | 0 |
| Tesla Inc. | COM | 88160R101 |  | 1929732 | 4200 | SH |  | OTR | 1 | 4200 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Company Ltd. | ADR | 874039100 |  | 1982366 | 6872 | SH |  | OTR | 1 | 6872 | 0 | 0 |
| Ternium S.A. | ADR | 880890108 |  | 1159419 | 32789 | SH |  | OTR | 1 | 32789 | 0 | 0 |
| UnitedHealth Group Inc. | COM | 91324P102 |  | 1114560 | 3200 | SH |  | OTR | 1 | 3200 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 1982631 | 5700 | SH |  | OTR | 1 | 5700 | 0 | 0 |
| Vanguard Long-Term Corporate Bond ETF USD Class | ETF | 92206C813 |  | 6363409 | 81971 | SH |  | OTR | 1 | 81971 | 0 | 0 |
| Vanguard Consumer Discretionary ETF USD Class | ETF | 92204A108 |  | 49825 | 125 | SH |  | OTR | 1 | 125 | 0 | 0 |
| Vanguard Information Technology ETF | ETF | 92204A702 |  | 21592809 | 28694 | SH |  | OTR | 1 | 28694 | 0 | 0 |
| Vanguard Dividend Appreciation ETF USD Class | ETF | 921908844 |  | 12813524 | 59073 | SH |  | OTR | 1 | 59073 | 0 | 0 |
| Vanguard International Dividend Appreciation ETF | ETF | 921946810 |  | 3757260 | 41664 | SH |  | OTR | 1 | 41664 | 0 | 0 |
| Veralto Corporation | COM | 92338C103 |  | 238484 | 2249 | SH |  | OTR | 1 | 2249 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | ETF | 92206C680 |  | 14011820 | 115590 | SH |  | OTR | 1 | 115590 | 0 | 0 |
| Vanguard S 500 ETF | ETF | 922908363 |  | 1659339 | 2700 | SH |  | OTR | 1 | 2700 | 0 | 0 |
| Invesco Variable Rate Preferred ETF USD Class | ETF | 46138G870 |  | 163581 | 6612 | SH |  | OTR | 1 | 6612 | 0 | 0 |
| Verisk Analytics Inc. | COM | 92345Y106 |  | 236823 | 949 | SH |  | OTR | 1 | 949 | 0 | 0 |
| Vanguard Value ETF Class A | ETF | 922908744 |  | 10259163 | 54900 | SH |  | OTR | 1 | 54900 | 0 | 0 |
| Verizon Communications Inc. | COM | 92343V104 |  | 239531 | 5465 | SH |  | OTR | 1 | 5465 | 0 | 0 |
| Western Digital Corporation | COM | 958102105 |  | 1801097 | 13792 | SH |  | OTR | 1 | 13792 | 0 | 0 |
| WD-40 Company | COM | 929236107 |  | 248196 | 1270 | SH |  | OTR | 1 | 1270 | 0 | 0 |
| Welltower Inc. | REIT | 95040Q104 |  | 921116 | 5135 | SH |  | OTR | 1 | 5135 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 1995980 | 9078 | SH |  | OTR | 1 | 9078 | 0 | 0 |
| Williams Companies Inc. (The) | COM | 969457100 |  | 2190936 | 34400 | SH |  | OTR | 1 | 34400 | 0 | 0 |
| Walmart Inc. | COM | 931142103 |  | 2875272 | 28200 | SH |  | OTR | 1 | 28200 | 0 | 0 |
| W R Berkley Corporation | COM | 084423102 |  | 234827 | 3114 | SH |  | OTR | 1 | 3114 | 0 | 0 |
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | ETF | 09789C788 |  | 12044692 | 239600 | SH |  | OTR | 1 | 239600 | 0 | 0 |
| Communication Services Select Sector SPDR Fund USD Class | ETF | 81369Y852 |  | 48414693 | 414829 | SH |  | OTR | 1 | 414829 | 0 | 0 |
| Technology Select Sector SPDR Fund USD Class | ETF | 81369Y803 |  | 38474648 | 140979 | SH |  | OTR | 1 | 140979 | 0 | 0 |
| Utilities Select Sector SPDR Fund USD Class | ETF | 81369Y886 |  | 510690 | 5800 | SH |  | OTR | 1 | 5800 | 0 | 0 |
| Consumer Discretionary Select Sector SPDR Fund | ETF | 81369Y407 |  | 49252122 | 204247 | SH |  | OTR | 1 | 204247 | 0 | 0 |
| Invesco S MidCap Momentum ET | ETF | 46137V464 |  | 17188 | 127 | SH |  | OTR | 1 | 127 | 0 | 0 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 918318 | 8200 | SH |  | OTR | 1 | 8200 | 0 | 0 |
| SPDR S Oil  Gas Exploration  Production ETF USD Class | ETF | 78468R556 |  | 497613 | 3700 | SH |  | OTR | 1 | 3700 | 0 | 0 |
| State Street SPDR S Retail ETF USD Class | ETF | 78464A714 |  | 339316 | 3930 | SH |  | OTR | 1 | 3930 | 0 | 0 |
| Yalla Group Ltd. | ADR | 98459U103 |  | 243755 | 33074 | SH |  | OTR | 1 | 33074 | 0 | 0 |

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