# EDGAR Filing Document

**Accession Number:** 0002011333
**File Stem:** 0001754960-26-000080
**Filing Date:** 2026-1
**Character Count:** 35322
**Document Hash:** 0db84aedb1076139ce40bbef83ea55ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-26-000080.hdr.sgml**: 20260115

**ACCESSION NUMBER**: 0001754960-26-000080

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260115

**DATE AS OF CHANGE**: 20260115

**EFFECTIVENESS DATE**: 20260115

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY FINANCIAL GROUP, LLC
- **CENTRAL INDEX KEY:** 0002011333

**ORGANIZATION NAME:**
- **EIN:** 922454787
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23753
- **FILM NUMBER:** 26537090

**BUSINESS ADDRESS:**
- **STREET 1:** 6500 RIVER PLACE BLVD.
- **STREET 2:** BLDG. 1, STE. 203
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730
- **BUSINESS PHONE:** (512) 763-7671

**MAIL ADDRESS:**
- **STREET 1:** 6500 RIVER PLACE BLVD.
- **STREET 2:** BLDG. 1, STE. 203
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730

### 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:** VICTORY FINANCIAL GROUP LLC<br>**Address:** 6500 RIVER PLACE BLVD.<br>BLDG. 1 STE. 203<br>AUSTIN, TX 78730

**Form 13F File Number:** 028-23753

**CRD Number (if applicable):** 000324943

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

Aryn Sands  Reno, NV  01-15-2026<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:** 317

**Form 13F Information Table Value Total:** $795465550

      (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 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 648213 | 2416 | SH |  | SOLE |  | 0 | 0 | 2416 |
| EATON CORP PLC | SHS | G29183103 |  | 229327 | 720 | SH |  | SOLE |  | 0 | 0 | 720 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 112845 | 10240 | SH |  | SOLE |  | 0 | 0 | 10240 |
| LINDE PLC | SHS | G54950103 |  | 380693 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| ATAI BECKLEY NV | SHS | N0731H103 |  | 75043 | 18348 | SH |  | SOLE |  | 0 | 0 | 18348 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 224748 | 2685 | SH |  | SOLE |  | 0 | 0 | 2685 |
| DANAOS CORPORATION | SHS | Y1968P121 |  | 478434 | 5080 | SH |  | SOLE |  | 0 | 0 | 5080 |
| AB ACTIVE ETFS INC | HIGH YIELD ETF | 00039J608 |  | 1040891 | 27698 | SH |  | SOLE |  | 0 | 0 | 27698 |
| AT INC | COM | 00206R102 |  | 229365 | 9234 | SH |  | SOLE |  | 0 | 0 | 9234 |
| ARK ETF TR | NEXT GNRTN INTER | 00214Q401 |  | 2805151 | 18988 | SH |  | SOLE |  | 0 | 0 | 18988 |
| ABBOTT LABS | COM | 002824100 |  | 271924 | 2170 | SH |  | SOLE |  | 0 | 0 | 2170 |
| ABBVIE INC | COM | 00287Y109 |  | 1760789 | 7706 | SH |  | SOLE |  | 0 | 0 | 7706 |
| ADOBE INC | COM | 00724F101 |  | 366440 | 1047 | SH |  | SOLE |  | 0 | 0 | 1047 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1317084 | 6150 | SH |  | SOLE |  | 0 | 0 | 6150 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 527541 | 3599 | SH |  | SOLE |  | 0 | 0 | 3599 |
| EA SERIES TRUST | STRIVE 1000 GRWT | 02072L615 |  | 273580 | 5376 | SH |  | SOLE |  | 0 | 0 | 5376 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2686650 | 8562 | SH |  | SOLE |  | 0 | 0 | 8562 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5518726 | 17632 | SH |  | SOLE |  | 0 | 0 | 17632 |
| AMAZON COM INC | COM | 023135106 |  | 6066719 | 26283 | SH |  | SOLE |  | 0 | 0 | 26283 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 3796725 | 40404 | SH |  | SOLE |  | 0 | 0 | 40404 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 845405 | 8290 | SH |  | SOLE |  | 0 | 0 | 8290 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 905184 | 7850 | SH |  | SOLE |  | 0 | 0 | 7850 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 695136 | 1879 | SH |  | SOLE |  | 0 | 0 | 1879 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 220653 | 450 | SH |  | SOLE |  | 0 | 0 | 450 |
| AMGEN INC | COM | 031162100 |  | 779652 | 2382 | SH |  | SOLE |  | 0 | 0 | 2382 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 255144 | 1888 | SH |  | SOLE |  | 0 | 0 | 1888 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 4539549 | 102012 | SH |  | SOLE |  | 0 | 0 | 102012 |
| ANALOG DEVICES INC | COM | 032654105 |  | 267674 | 987 | SH |  | SOLE |  | 0 | 0 | 987 |
| APPLE INC | COM | 037833100 |  | 15530900 | 57128 | SH |  | SOLE |  | 0 | 0 | 57128 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 541917 | 22101 | SH |  | SOLE |  | 0 | 0 | 22101 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 733790 | 1089 | SH |  | SOLE |  | 0 | 0 | 1089 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 303703 | 1879 | SH |  | SOLE |  | 0 | 0 | 1879 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 226027 | 1725 | SH |  | SOLE |  | 0 | 0 | 1725 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 313622 | 3640 | SH |  | SOLE |  | 0 | 0 | 3640 |
| BANK AMERICA CORP | COM | 060505104 |  | 879521 | 15991 | SH |  | SOLE |  | 0 | 0 | 15991 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2706770 | 5385 | SH |  | SOLE |  | 0 | 0 | 5385 |
| BLACKROCK INC | COM | 09290D101 |  | 212998 | 199 | SH |  | SOLE |  | 0 | 0 | 199 |
| BOEING CO | COM | 097023105 |  | 969658 | 4466 | SH |  | SOLE |  | 0 | 0 | 4466 |
| BONDBLOXX ETF TRUST | IR M TAXAWARE | 09789C721 |  | 1483938 | 29257 | SH |  | SOLE |  | 0 | 0 | 29257 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 270222 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 354101 | 6254 | SH |  | SOLE |  | 0 | 0 | 6254 |
| BROADCOM INC | COM | 11135F101 |  | 5528947 | 15975 | SH |  | SOLE |  | 0 | 0 | 15975 |
| CME GROUP INC | COM | 12572Q105 |  | 1120720 | 4104 | SH |  | SOLE |  | 0 | 0 | 4104 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 254753 | 815 | SH |  | SOLE |  | 0 | 0 | 815 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 382467 | 9507 | SH |  | SOLE |  | 0 | 0 | 9507 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 4600311 | 105415 | SH |  | SOLE |  | 0 | 0 | 105415 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 278714 | 1150 | SH |  | SOLE |  | 0 | 0 | 1150 |
| CATERPILLAR INC | COM | 149123101 |  | 810401 | 1415 | SH |  | SOLE |  | 0 | 0 | 1415 |
| CHEVRON CORP NEW | COM | 166764100 |  | 982125 | 6444 | SH |  | SOLE |  | 0 | 0 | 6444 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 309505 | 8365 | SH |  | SOLE |  | 0 | 0 | 8365 |
| CISCO SYS INC | COM | 17275R102 |  | 324681 | 4215 | SH |  | SOLE |  | 0 | 0 | 4215 |
| CITIGROUP INC | COM NEW | 172967424 |  | 223042 | 1911 | SH |  | SOLE |  | 0 | 0 | 1911 |
| COCA COLA CO | COM | 191216100 |  | 434255 | 6212 | SH |  | SOLE |  | 0 | 0 | 6212 |
| COEUR MNG INC | COM NEW | 192108504 |  | 596200 | 33438 | SH |  | SOLE |  | 0 | 0 | 33438 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 346251 | 3699 | SH |  | SOLE |  | 0 | 0 | 3699 |
| CORNING INC | COM | 219350105 |  | 271524 | 3101 | SH |  | SOLE |  | 0 | 0 | 3101 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1909579 | 2214 | SH |  | SOLE |  | 0 | 0 | 2214 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 958145 | 2044 | SH |  | SOLE |  | 0 | 0 | 2044 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 749506 | 15579 | SH |  | SOLE |  | 0 | 0 | 15579 |
| DANAHER CORPORATION | COM | 235851102 |  | 342464 | 1496 | SH |  | SOLE |  | 0 | 0 | 1496 |
| DIMENSIONAL ETF TRUST | GLOBAL EX US COR | 25434V575 |  | 262649 | 4990 | SH |  | SOLE |  | 0 | 0 | 4990 |
| DIMENSIONAL ETF TRUST | GLOBAL CORE PLUS | 25434V583 |  | 226013 | 4180 | SH |  | SOLE |  | 0 | 0 | 4180 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 249017 | 3382 | SH |  | SOLE |  | 0 | 0 | 3382 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1140746 | 28814 | SH |  | SOLE |  | 0 | 0 | 28814 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 246699 | 7159 | SH |  | SOLE |  | 0 | 0 | 7159 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 396955 | 7955 | SH |  | SOLE |  | 0 | 0 | 7955 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 527258 | 10996 | SH |  | SOLE |  | 0 | 0 | 10996 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 265191 | 6231 | SH |  | SOLE |  | 0 | 0 | 6231 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 212974 | 6507 | SH |  | SOLE |  | 0 | 0 | 6507 |
| DIREXION SHS ETF TR | NAS100 EQL WGT | 25459Y207 |  | 314529 | 3074 | SH |  | SOLE |  | 0 | 0 | 3074 |
| DISNEY WALT CO | COM | 254687106 |  | 260771 | 2292 | SH |  | SOLE |  | 0 | 0 | 2292 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 287580 | 2166 | SH |  | SOLE |  | 0 | 0 | 2166 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 266651 | 7738 | SH |  | SOLE |  | 0 | 0 | 7738 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 234404 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 230389 | 5731 | SH |  | SOLE |  | 0 | 0 | 5731 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 |  | 353048 | 16383 | SH |  | SOLE |  | 0 | 0 | 16383 |
| ETF OPPORTUNITIES TRUST | AMERICAN CONSER | 26923N108 |  | 289535 | 5862 | SH |  | SOLE |  | 0 | 0 | 5862 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 321190 | 525 | SH |  | SOLE |  | 0 | 0 | 525 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 228201 | 2150 | SH |  | SOLE |  | 0 | 0 | 2150 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1074523 | 33516 | SH |  | SOLE |  | 0 | 0 | 33516 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 208893 | 18228 | SH |  | SOLE |  | 0 | 0 | 18228 |
| EXCHANGE TRADED CONCEPTS TRU | RANGE NUCLEAR RE | 301505475 |  | 413195 | 6507 | SH |  | SOLE |  | 0 | 0 | 6507 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1181128 | 9815 | SH |  | SOLE |  | 0 | 0 | 9815 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4606176 | 6978 | SH |  | SOLE |  | 0 | 0 | 6978 |
| FASTLY INC | CL A | 31188V100 |  | 123310 | 12113 | SH |  | SOLE |  | 0 | 0 | 12113 |
| FEDERATED HERMES ETF TRUST | MDT LARGE CAP | 31423L503 |  | 3470667 | 106819 | SH |  | SOLE |  | 0 | 0 | 106819 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 476206 | 2139 | SH |  | SOLE |  | 0 | 0 | 2139 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 27570958 | 486346 | SH |  | SOLE |  | 0 | 0 | 486346 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 12682569 | 275468 | SH |  | SOLE |  | 0 | 0 | 275468 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 15251424 | 330977 | SH |  | SOLE |  | 0 | 0 | 330977 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 1422399 | 20475 | SH |  | SOLE |  | 0 | 0 | 20475 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 3361283 | 173351 | SH |  | SOLE |  | 0 | 0 | 173351 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQUIT | 33740U372 |  | 397565 | 12806 | SH |  | SOLE |  | 0 | 0 | 12806 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQ MA | 33740U521 |  | 234300 | 7127 | SH |  | SOLE |  | 0 | 0 | 7127 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 401172 | 10469 | SH |  | SOLE |  | 0 | 0 | 10469 |
| FLEXSHARES TR | MORNSTAR USMKT | 33939L100 |  | 777390 | 3126 | SH |  | SOLE |  | 0 | 0 | 3126 |
| FLEXSHARES TR | MSTAR EMKT FAC | 33939L308 |  | 306330 | 4797 | SH |  | SOLE |  | 0 | 0 | 4797 |
| FLEXSHARES TR | US QUALITY CAP | 33939L746 |  | 916645 | 11318 | SH |  | SOLE |  | 0 | 0 | 11318 |
| FLEXSHARES TR | M STAR DEV MKT | 33939L803 |  | 755750 | 8150 | SH |  | SOLE |  | 0 | 0 | 8150 |
| GE VERNOVA INC | COM | 36828A101 |  | 468621 | 717 | SH |  | SOLE |  | 0 | 0 | 717 |
| GE AEROSPACE | COM NEW | 369604301 |  | 572666 | 1859 | SH |  | SOLE |  | 0 | 0 | 1859 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 520658 | 10617 | SH |  | SOLE |  | 0 | 0 | 10617 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 1324225 | 26037 | SH |  | SOLE |  | 0 | 0 | 26037 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2107850 | 2398 | SH |  | SOLE |  | 0 | 0 | 2398 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 1485308 | 14862 | SH |  | SOLE |  | 0 | 0 | 14862 |
| GOPRO INC | CL A | 38268T103 |  | 18330 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| GRAN TIERRA ENERGY INC | COM | 38500T200 |  | 103816 | 24485 | SH |  | SOLE |  | 0 | 0 | 24485 |
| HARTFORD FDS EXCHANGE TRADED | TOTAL RTRN ETF | 41653L305 |  | 545444 | 15972 | SH |  | SOLE |  | 0 | 0 | 15972 |
| HASHDEX NASDAQ CRYPTO INDEX | SHS BEN INT | 41809Y102 |  | 386306 | 16994 | SH |  | SOLE |  | 0 | 0 | 16994 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 236730 | 14722 | SH |  | SOLE |  | 0 | 0 | 14722 |
| HOME DEPOT INC | COM | 437076102 |  | 2089298 | 6072 | SH |  | SOLE |  | 0 | 0 | 6072 |
| HUBBELL INC | COM | 443510607 |  | 615536 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 290634 | 1180 | SH |  | SOLE |  | 0 | 0 | 1180 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 614742 | 2075 | SH |  | SOLE |  | 0 | 0 | 2075 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4873122 | 7933 | SH |  | SOLE |  | 0 | 0 | 7933 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 475997 | 29 | SH | Call | SOLE |  | 0 | 0 | 29 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 261658 | 462 | SH |  | SOLE |  | 0 | 0 | 462 |
| INTUIT | COM | 461202103 |  | 285503 | 431 | SH |  | SOLE |  | 0 | 0 | 431 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 1986300 | 42556 | SH |  | SOLE |  | 0 | 0 | 42556 |
| INVESCO EXCHANGE TRADED FD T | S EQL UTL | 46137V274 |  | 1111081 | 14858 | SH |  | SOLE |  | 0 | 0 | 14858 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 371153 | 1938 | SH |  | SOLE |  | 0 | 0 | 1938 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 591066 | 5771 | SH |  | SOLE |  | 0 | 0 | 5771 |
| INVESCO EXCHANGE TRADED FD T | ZACKS MID CAP | 46137Y401 |  | 475293 | 4289 | SH |  | SOLE |  | 0 | 0 | 4289 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1310303 | 20340 | SH |  | SOLE |  | 0 | 0 | 20340 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 448038 | 3013 | SH |  | SOLE |  | 0 | 0 | 3013 |
| ISHARES TR | CORE S ETF | 464287200 |  | 862438 | 1259 | SH |  | SOLE |  | 0 | 0 | 1259 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 579732 | 5804 | SH |  | SOLE |  | 0 | 0 | 5804 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 585032 | 10693 | SH |  | SOLE |  | 0 | 0 | 10693 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 577612 | 6627 | SH |  | SOLE |  | 0 | 0 | 6627 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1291277 | 13447 | SH |  | SOLE |  | 0 | 0 | 13447 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 992668 | 7249 | SH |  | SOLE |  | 0 | 0 | 7249 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 451238 | 4687 | SH |  | SOLE |  | 0 | 0 | 4687 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 531885 | 8059 | SH |  | SOLE |  | 0 | 0 | 8059 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 985917 | 2083 | SH |  | SOLE |  | 0 | 0 | 2083 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 328921 | 881 | SH |  | SOLE |  | 0 | 0 | 881 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1028402 | 4178 | SH |  | SOLE |  | 0 | 0 | 4178 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 443979 | 4330 | SH |  | SOLE |  | 0 | 0 | 4330 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 795048 | 4734 | SH |  | SOLE |  | 0 | 0 | 4734 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 217955 | 563 | SH |  | SOLE |  | 0 | 0 | 563 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1218084 | 6100 | SH |  | SOLE |  | 0 | 0 | 6100 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 18595727 | 154732 | SH |  | SOLE |  | 0 | 0 | 154732 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 303802 | 2671 | SH |  | SOLE |  | 0 | 0 | 2671 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 3016066 | 21366 | SH |  | SOLE |  | 0 | 0 | 21366 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 953852 | 12303 | SH |  | SOLE |  | 0 | 0 | 12303 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 33635201 | 421283 | SH |  | SOLE |  | 0 | 0 | 421283 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 813072 | 7591 | SH |  | SOLE |  | 0 | 0 | 7591 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 975837 | 24736 | SH |  | SOLE |  | 0 | 0 | 24736 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 614884 | 7626 | SH |  | SOLE |  | 0 | 0 | 7626 |
| ISHARES TR | MBS ETF | 464288588 |  | 297111 | 3120 | SH |  | SOLE |  | 0 | 0 | 3120 |
| ISHARES TR | RUS TP200 VL ETF | 464289420 |  | 747027 | 8132 | SH |  | SOLE |  | 0 | 0 | 8132 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 124217383 | 448535 | SH |  | SOLE |  | 0 | 0 | 448535 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 290829 | 12631 | SH |  | SOLE |  | 0 | 0 | 12631 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 1160919 | 11338 | SH |  | SOLE |  | 0 | 0 | 11338 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2180428 | 10978 | SH |  | SOLE |  | 0 | 0 | 10978 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 2561265 | 30261 | SH |  | SOLE |  | 0 | 0 | 30261 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1004252 | 11226 | SH |  | SOLE |  | 0 | 0 | 11226 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 2339750 | 34807 | SH |  | SOLE |  | 0 | 0 | 34807 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 22091602 | 580594 | SH |  | SOLE |  | 0 | 0 | 580594 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 1717602 | 17111 | SH |  | SOLE |  | 0 | 0 | 17111 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 713471 | 14370 | SH |  | SOLE |  | 0 | 0 | 14370 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 1003698 | 44748 | SH |  | SOLE |  | 0 | 0 | 44748 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1493121 | 4634 | SH |  | SOLE |  | 0 | 0 | 4634 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1124607 | 5434 | SH |  | SOLE |  | 0 | 0 | 5434 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 236524 | 2749 | SH |  | SOLE |  | 0 | 0 | 2749 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 854949 | 30523 | SH |  | SOLE |  | 0 | 0 | 30523 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 16998 | 18733 | SH |  | SOLE |  | 0 | 0 | 18733 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 637872 | 37677 | SH |  | SOLE |  | 0 | 0 | 37677 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 791365 | 4623 | SH |  | SOLE |  | 0 | 0 | 4623 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 522269 | 4126 | SH |  | SOLE |  | 0 | 0 | 4126 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 214885 | 2052 | SH |  | SOLE |  | 0 | 0 | 2052 |
| LAZARD ACTIVE ETF TR | INTL DYNAMIC EQT | 52110K400 |  | 1064435 | 35072 | SH |  | SOLE |  | 0 | 0 | 35072 |
| LEMONADE INC | COM | 52567D107 |  | 234752 | 3298 | SH |  | SOLE |  | 0 | 0 | 3298 |
| ELI LILLY  CO | COM | 532457108 |  | 3025977 | 2816 | SH |  | SOLE |  | 0 | 0 | 2816 |
| LISTED FDS TR | ROUNDHILL MAGNIF | 53656G498 |  | 1105430 | 16759 | SH |  | SOLE |  | 0 | 0 | 16759 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 |  | 61275 | 14054 | SH |  | SOLE |  | 0 | 0 | 14054 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 746746 | 1544 | SH |  | SOLE |  | 0 | 0 | 1544 |
| LOWES COS INC | COM | 548661107 |  | 215597 | 894 | SH |  | SOLE |  | 0 | 0 | 894 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1216721 | 41640 | SH |  | SOLE |  | 0 | 0 | 41640 |
| MFS ACTIVE EXCHANGE TRADED F | INTERNATINL ETF | 55286W405 |  | 2596959 | 85286 | SH |  | SOLE |  | 0 | 0 | 85286 |
| MARATHON PETE CORP | COM | 56585A102 |  | 518139 | 3186 | SH |  | SOLE |  | 0 | 0 | 3186 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 649091 | 1137 | SH |  | SOLE |  | 0 | 0 | 1137 |
| MCDONALDS CORP | COM | 580135101 |  | 649158 | 2124 | SH |  | SOLE |  | 0 | 0 | 2124 |
| MERCK  CO INC | COM | 58933Y105 |  | 494220 | 4695 | SH |  | SOLE |  | 0 | 0 | 4695 |
| MICROSOFT CORP | COM | 594918104 |  | 9401281 | 19439 | SH |  | SOLE |  | 0 | 0 | 19439 |
| STRATEGY INC | CL A NEW | 594972408 |  | 276093 | 1817 | SH |  | SOLE |  | 0 | 0 | 1817 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 785163 | 2751 | SH |  | SOLE |  | 0 | 0 | 2751 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 474876 | 10173 | SH |  | SOLE |  | 0 | 0 | 10173 |
| MOODYS CORP | COM | 615369105 |  | 293739 | 575 | SH |  | SOLE |  | 0 | 0 | 575 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 437611 | 2465 | SH |  | SOLE |  | 0 | 0 | 2465 |
| MORGAN STANLEY ETF TRUST | EATON VANCE TOTA | 61774R841 |  | 18821337 | 365463 | SH |  | SOLE |  | 0 | 0 | 365463 |
| NIO INC | SPON ADS | 62914V106 |  | 122196 | 23960 | SH |  | SOLE |  | 0 | 0 | 23960 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 246344 | 1547 | SH |  | SOLE |  | 0 | 0 | 1547 |
| NETAPP INC | COM | 64110D104 |  | 308955 | 2885 | SH |  | SOLE |  | 0 | 0 | 2885 |
| NETFLIX INC | COM | 64110L106 |  | 1312077 | 13994 | SH |  | SOLE |  | 0 | 0 | 13994 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 362520 | 4516 | SH |  | SOLE |  | 0 | 0 | 4516 |
| NIOCORP DEVS LTD | COM NEW | 654484609 |  | 398163 | 75125 | SH |  | SOLE |  | 0 | 0 | 75125 |
| NORTHERN LTS FD TR IV | MAIN SECTR ROTN | 66538H591 |  | 238309 | 3693 | SH |  | SOLE |  | 0 | 0 | 3693 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 19408067 | 104065 | SH |  | SOLE |  | 0 | 0 | 104065 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 562039 | 39664 | SH |  | SOLE |  | 0 | 0 | 39664 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 948135 | 23058 | SH |  | SOLE |  | 0 | 0 | 23058 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 72817 | 12490 | SH |  | SOLE |  | 0 | 0 | 12490 |
| ORACLE CORP | COM | 68389X105 |  | 790879 | 4058 | SH |  | SOLE |  | 0 | 0 | 4058 |
| PGIM ETF TR | ACTV HY BD ETF | 69344A206 |  | 892254 | 25148 | SH |  | SOLE |  | 0 | 0 | 25148 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 401153 | 6667 | SH |  | SOLE |  | 0 | 0 | 6667 |
| PGIM ROCK ETF TR | LADDERED S 500 | 69420N718 |  | 1655024 | 54940 | SH |  | SOLE |  | 0 | 0 | 54940 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1781766 | 10024 | SH |  | SOLE |  | 0 | 0 | 10024 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1030441 | 5594 | SH |  | SOLE |  | 0 | 0 | 5594 |
| PEPSICO INC | COM | 713448108 |  | 301945 | 2104 | SH |  | SOLE |  | 0 | 0 | 2104 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 249419 | 21048 | SH |  | SOLE |  | 0 | 0 | 21048 |
| PFIZER INC | COM | 717081103 |  | 351686 | 14124 | SH |  | SOLE |  | 0 | 0 | 14124 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2184928 | 13622 | SH |  | SOLE |  | 0 | 0 | 13622 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 14913555 | 558979 | SH |  | SOLE |  | 0 | 0 | 558979 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 212946 | 1878 | SH |  | SOLE |  | 0 | 0 | 1878 |
| POWELL INDS INC | COM | 739128106 |  | 1050699 | 3296 | SH |  | SOLE |  | 0 | 0 | 3296 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 232887 | 1876 | SH |  | SOLE |  | 0 | 0 | 1876 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 532668 | 3717 | SH |  | SOLE |  | 0 | 0 | 3717 |
| PROGRESSIVE CORP | COM | 743315103 |  | 277135 | 1217 | SH |  | SOLE |  | 0 | 0 | 1217 |
| PUTNAM ETF TRUST | FOCUSED LAR CAP | 746729300 |  | 2058728 | 45177 | SH |  | SOLE |  | 0 | 0 | 45177 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 222907 | 2730 | SH |  | SOLE |  | 0 | 0 | 2730 |
| QUALCOMM INC | COM | 747525103 |  | 224418 | 1312 | SH |  | SOLE |  | 0 | 0 | 1312 |
| RTX CORPORATION | COM | 75513E101 |  | 762245 | 4156 | SH |  | SOLE |  | 0 | 0 | 4156 |
| RENASANT CORP | COM | 75970E107 |  | 257282 | 7305 | SH |  | SOLE |  | 0 | 0 | 7305 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 235668 | 1112 | SH |  | SOLE |  | 0 | 0 | 1112 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 982387 | 8686 | SH |  | SOLE |  | 0 | 0 | 8686 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 250172 | 643 | SH |  | SOLE |  | 0 | 0 | 643 |
| ROSS STORES INC | COM | 778296103 |  | 223193 | 1239 | SH |  | SOLE |  | 0 | 0 | 1239 |
| S GLOBAL INC | COM | 78409V104 |  | 531997 | 1018 | SH |  | SOLE |  | 0 | 0 | 1018 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2684686 | 3937 | SH |  | SOLE |  | 0 | 0 | 3937 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 209645 | 13 | SH | Call | SOLE |  | 0 | 0 | 13 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2156719 | 5442 | SH |  | SOLE |  | 0 | 0 | 5442 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 6702881 | 143193 | SH |  | SOLE |  | 0 | 0 | 143193 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A201 |  | 14104988 | 149750 | SH |  | SOLE |  | 0 | 0 | 149750 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 3080817 | 28874 | SH |  | SOLE |  | 0 | 0 | 28874 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 216666 | 3814 | SH |  | SOLE |  | 0 | 0 | 3814 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A672 |  | 271850 | 9426 | SH |  | SOLE |  | 0 | 0 | 9426 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A805 |  | 229194 | 2778 | SH |  | SOLE |  | 0 | 0 | 2778 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 3370023 | 5586 | SH |  | SOLE |  | 0 | 0 | 5586 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R523 |  | 2180035 | 21972 | SH |  | SOLE |  | 0 | 0 | 21972 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R622 |  | 505119 | 5196 | SH |  | SOLE |  | 0 | 0 | 5196 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 12228954 | 133825 | SH |  | SOLE |  | 0 | 0 | 133825 |
| SALESFORCE INC | COM | 79466L302 |  | 592896 | 2238 | SH |  | SOLE |  | 0 | 0 | 2238 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1078863 | 40092 | SH |  | SOLE |  | 0 | 0 | 40092 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 898679 | 27550 | SH |  | SOLE |  | 0 | 0 | 27550 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 415096 | 14575 | SH |  | SOLE |  | 0 | 0 | 14575 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 250563 | 7651 | SH |  | SOLE |  | 0 | 0 | 7651 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 565487 | 12508 | SH |  | SOLE |  | 0 | 0 | 12508 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 46607788 | 1699154 | SH |  | SOLE |  | 0 | 0 | 1699154 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 1136242 | 47265 | SH |  | SOLE |  | 0 | 0 | 47265 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 4377721 | 28280 | SH |  | SOLE |  | 0 | 0 | 28280 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 938143 | 20983 | SH |  | SOLE |  | 0 | 0 | 20983 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 3532580 | 64498 | SH |  | SOLE |  | 0 | 0 | 64498 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 4385830 | 28274 | SH |  | SOLE |  | 0 | 0 | 28274 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 28975548 | 201261 | SH |  | SOLE |  | 0 | 0 | 201261 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 4375087 | 37165 | SH |  | SOLE |  | 0 | 0 | 37165 |
| SERVICENOW INC | COM | 81762P102 |  | 209104 | 1365 | SH |  | SOLE |  | 0 | 0 | 1365 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 222943 | 1385 | SH |  | SOLE |  | 0 | 0 | 1385 |
| SIMPLIFY EXCHANGE TRADED FUN | HEDGED EQUITY | 82889N764 |  | 3466175 | 108149 | SH |  | SOLE |  | 0 | 0 | 108149 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 562658 | 2565 | SH |  | SOLE |  | 0 | 0 | 2565 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 813701 | 31081 | SH |  | SOLE |  | 0 | 0 | 31081 |
| STARBUCKS CORP | COM | 855244109 |  | 238402 | 2831 | SH |  | SOLE |  | 0 | 0 | 2831 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 484458 | 2859 | SH |  | SOLE |  | 0 | 0 | 2859 |
| TJX COS INC NEW | COM | 872540109 |  | 857144 | 5580 | SH |  | SOLE |  | 0 | 0 | 5580 |
| T-MOBILE US INC | COM | 872590104 |  | 327910 | 1615 | SH |  | SOLE |  | 0 | 0 | 1615 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2215358 | 7290 | SH |  | SOLE |  | 0 | 0 | 7290 |
| TAPESTRY INC | COM | 876030107 |  | 1478554 | 11572 | SH |  | SOLE |  | 0 | 0 | 11572 |
| TEMPUS AI INC | CL A | 88023B103 |  | 754128 | 12771 | SH |  | SOLE |  | 0 | 0 | 12771 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 212884 | 12144 | SH |  | SOLE |  | 0 | 0 | 12144 |
| TESLA INC | COM | 88160R101 |  | 6211982 | 13813 | SH |  | SOLE |  | 0 | 0 | 13813 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1272202 | 7333 | SH |  | SOLE |  | 0 | 0 | 7333 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 551057 | 951 | SH |  | SOLE |  | 0 | 0 | 951 |
| TORTOISE CAPITAL SERIES TRUS | ENERGY FD | 890930209 |  | 101754 | 11256 | SH |  | SOLE |  | 0 | 0 | 11256 |
| TOUCHSTONE ETF TRUST | STRATEGIC INCOME | 89157W202 |  | 2139666 | 82453 | SH |  | SOLE |  | 0 | 0 | 82453 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 344372 | 6998 | SH |  | SOLE |  | 0 | 0 | 6998 |
| US BANCORP DEL | COM NEW | 902973304 |  | 218082 | 4087 | SH |  | SOLE |  | 0 | 0 | 4087 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1315694 | 16102 | SH |  | SOLE |  | 0 | 0 | 16102 |
| UIPATH INC | CL A | 90364P105 |  | 271189 | 16546 | SH |  | SOLE |  | 0 | 0 | 16546 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 917496 | 2779 | SH |  | SOLE |  | 0 | 0 | 2779 |
| UWM HOLDINGS CORPORATION | COM CL A | 91823B109 |  | 108974 | 24880 | SH |  | SOLE |  | 0 | 0 | 24880 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 4585422 | 44278 | SH |  | SOLE |  | 0 | 0 | 44278 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 809221 | 2247 | SH |  | SOLE |  | 0 | 0 | 2247 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 406890 | 3667 | SH |  | SOLE |  | 0 | 0 | 3667 |
| VANGUARD WELLINGTON FD | US MULTIFACTOR | 921935607 |  | 2354741 | 15623 | SH |  | SOLE |  | 0 | 0 | 15623 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2009104 | 27124 | SH |  | SOLE |  | 0 | 0 | 27124 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2330753 | 37310 | SH |  | SOLE |  | 0 | 0 | 37310 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 4077878 | 28413 | SH |  | SOLE |  | 0 | 0 | 28413 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 411799 | 4503 | SH |  | SOLE |  | 0 | 0 | 4503 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 |  | 4622757 | 59346 | SH |  | SOLE |  | 0 | 0 | 59346 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 624815 | 12931 | SH |  | SOLE |  | 0 | 0 | 12931 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 205084 | 1629 | SH |  | SOLE |  | 0 | 0 | 1629 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 360378 | 478 | SH |  | SOLE |  | 0 | 0 | 478 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2469149 | 45929 | SH |  | SOLE |  | 0 | 0 | 45929 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 1678722 | 13788 | SH |  | SOLE |  | 0 | 0 | 13788 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 5001659 | 83458 | SH |  | SOLE |  | 0 | 0 | 83458 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 5656166 | 74570 | SH |  | SOLE |  | 0 | 0 | 74570 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 575344 | 11441 | SH |  | SOLE |  | 0 | 0 | 11441 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 26084870 | 41594 | SH |  | SOLE |  | 0 | 0 | 41594 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1824942 | 10289 | SH |  | SOLE |  | 0 | 0 | 10289 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 3690524 | 13221 | SH |  | SOLE |  | 0 | 0 | 13221 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 13254317 | 62582 | SH |  | SOLE |  | 0 | 0 | 62582 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1686343 | 5811 | SH |  | SOLE |  | 0 | 0 | 5811 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 521237 | 1068 | SH |  | SOLE |  | 0 | 0 | 1068 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1418519 | 7427 | SH |  | SOLE |  | 0 | 0 | 7427 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 366971 | 1423 | SH |  | SOLE |  | 0 | 0 | 1423 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3575706 | 10665 | SH |  | SOLE |  | 0 | 0 | 10665 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 461914 | 11341 | SH |  | SOLE |  | 0 | 0 | 11341 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 233934 | 516 | SH |  | SOLE |  | 0 | 0 | 516 |
| VISA INC | COM CL A | 92826C839 |  | 1673138 | 4771 | SH |  | SOLE |  | 0 | 0 | 4771 |
| WALMART INC | COM | 931142103 |  | 1728655 | 15516 | SH |  | SOLE |  | 0 | 0 | 15516 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2261211 | 24262 | SH |  | SOLE |  | 0 | 0 | 24262 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 298533 | 3551 | SH |  | SOLE |  | 0 | 0 | 3551 |
| WISDOMTREE TR | YIELD ENHANCD US | 97717X511 |  | 207343 | 4707 | SH |  | SOLE |  | 0 | 0 | 4707 |
| XCEL ENERGY INC | COM | 98389B100 |  | 326056 | 4415 | SH |  | SOLE |  | 0 | 0 | 4415 |
| XYLEM INC | COM | 98419M100 |  | 230144 | 1690 | SH |  | SOLE |  | 0 | 0 | 1690 |
| ZACKS TRUST | EARNGS CONSTANT | 98888G105 |  | 783768 | 22548 | SH |  | SOLE |  | 0 | 0 | 22548 |
| ZACKS TRUST | SMALL/MID CAP | 98888G204 |  | 553185 | 14955 | SH |  | SOLE |  | 0 | 0 | 14955 |
| ZACKS TRUST | FOCUS GROWTH ETF | 98888G808 |  | 703340 | 23602 | SH |  | SOLE |  | 0 | 0 | 23602 |
| ZACKS TRUST | QUALITY INTERNAT | 98888G881 |  | 574468 | 21659 | SH |  | SOLE |  | 0 | 0 | 21659 |

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