# EDGAR Filing Document

**Accession Number:** 0001798150
**File Stem:** 0001798150-26-000002
**Filing Date:** 2026-5
**Character Count:** 52539
**Document Hash:** 51c609cd75e2ed39623ebecb53a32c88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798150-26-000002.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001798150-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**EFFECTIVENESS DATE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avalon Trust Co
- **CENTRAL INDEX KEY:** 0001798150

**ORGANIZATION NAME:**
- **EIN:** 850445928
- **STATE OF INCORPORATION:** NM
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23231
- **FILM NUMBER:** 26946146

**BUSINESS ADDRESS:**
- **STREET 1:** 125 LINCOLN AVE
- **STREET 2:** SUITE 301
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87501
- **BUSINESS PHONE:** 5059831111

**MAIL ADDRESS:**
- **STREET 1:** 125 LINCOLN AVE
- **STREET 2:** SUITE 301
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87501

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Avalon Trust Co<br>**Address:** 125 LINCOLN AVE<br>SUITE 301<br>SANTA FE, NM 87501

**Form 13F File Number:** 028-23231

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:** Cody Cravens<br>**Title:** Operations Manager<br>**Phone:** 505.983.1111

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

Cody Cravens  Santa Fe, NM  05-06-2026<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:** 460

**Form 13F Information Table Value Total:** $1451460768

      (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 |
| 374WATER INC | COM | 88583P203 |  | 12212 | 4300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4300 |
| 3M CO | COM | 88579Y101 |  | 464736 | 3200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3200 |
| AB ACTIVE ETFS INC | US LARGE CAP STR | 00039J707 |  | 108339 | 1474 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1474 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 591688 | 5763 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5763 |
| ABBVIE INC | COM | 00287Y109 |  | 884315 | 4066 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4066 |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 |  | 458880 | 24000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 24000 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 87248 | 440 | SH |  | SOLE | Avalon Trust | 0 | 0 | 440 |
| ADOBE INC | COM | 00724F101 |  | 442406 | 1820 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1820 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 37026 | 270 | SH |  | SOLE | Avalon Trust | 0 | 0 | 270 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 216653 | 1065 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1065 |
| ADVISORS INNER CIRCLE FD III | BROWN ADV FLEXIB | 00775Y322 |  | 38082 | 1505 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1505 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2052 | 18 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18 |
| AIR PRODUCTS AND CHEMICALS I | COM | 009158106 |  | 96153 | 331 | SH |  | SOLE | Avalon Trust | 0 | 0 | 331 |
| AIRBNB INC | COM CL A | 009066101 |  | 9471 | 75 | SH |  | SOLE | Avalon Trust | 0 | 0 | 75 |
| ALBEMARLE CORP | COM | 012653101 |  | 17953 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| ALCON AG | ORD SHS | H01301128 |  | 7535 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| ALLSTATE CORP | COM | 020002101 |  | 6221 | 30 | SH |  | SOLE | Avalon Trust | 0 | 0 | 30 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 10831127 | 37666 | SH |  | SOLE | Avalon Trust | 0 | 0 | 37666 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 97554776 | 340078 | SH |  | SOLE | Avalon Trust | 0 | 0 | 340078 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 1892386 | 48685 | SH |  | SOLE | Avalon Trust | 0 | 0 | 48685 |
| AMAZON COM INC | COM | 023135106 |  | 76810601 | 368803 | SH |  | SOLE | Avalon Trust | 0 | 0 | 368803 |
| AMEREN CORP | COM | 023608102 |  | 67491 | 614 | SH |  | SOLE | Avalon Trust | 0 | 0 | 614 |
| AMERICAN BEACON SELECT FUNDS | GLG NATURAL RESO | 02368W408 |  | 51580 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 187707 | 1432 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1432 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 30248 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 46642 | 989 | SH |  | SOLE | Avalon Trust | 0 | 0 | 989 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 46068 | 1650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1650 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 465104 | 2695 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2695 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 20707319 | 152159 | SH |  | SOLE | Avalon Trust | 0 | 0 | 152159 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 33464 | 2920 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2920 |
| AMGEN INC | COM | 031162100 |  | 73185 | 208 | SH |  | SOLE | Avalon Trust | 0 | 0 | 208 |
| AMPHENOL CORP | CL A | 032095101 |  | 37779 | 299 | SH |  | SOLE | Avalon Trust | 0 | 0 | 299 |
| ANALOG DEVICES INC | COM | 032654105 |  | 12911712 | 40585 | SH |  | SOLE | Avalon Trust | 0 | 0 | 40585 |
| AON PLC | SHS CL A | G0403H108 |  | 18474637 | 57236 | SH |  | SOLE | Avalon Trust | 0 | 0 | 57236 |
| APPLE INC | COM | 037833100 |  | 105583012 | 416025 | SH |  | SOLE | Avalon Trust | 0 | 0 | 416025 |
| APPLIED MATLS INC | COM | 038222105 |  | 2431836 | 7115 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7115 |
| APTIV PLC | COM SHS | G3265R107 |  | 52080 | 750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 750 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 32730 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 11464583 | 93375 | SH |  | SOLE | Avalon Trust | 0 | 0 | 93375 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 30256 | 200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 200 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 282658 | 214 | SH |  | SOLE | Avalon Trust | 0 | 0 | 214 |
| ASTERA LABS INC | COM | 04626A103 |  | 987 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 152649 | 774 | SH |  | SOLE | Avalon Trust | 0 | 0 | 774 |
| AT INC | COM | 00206R102 |  | 98074 | 3383 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3383 |
| AUTODESK INC | COM | 052769106 |  | 43092 | 180 | SH |  | SOLE | Avalon Trust | 0 | 0 | 180 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 378322 | 1862 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1862 |
| AUTOZONE INC | COM | 053332102 |  | 20391658 | 6037 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6037 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 730175 | 4470 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4470 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 290913 | 685 | SH |  | SOLE | Avalon Trust | 0 | 0 | 685 |
| BANK AMERICA CORP | COM | 060505104 |  | 546147 | 11203 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11203 |
| BEACON FINANCIAL CORP. | COM | 084680107 |  | 11130 | 371 | SH |  | SOLE | Avalon Trust | 0 | 0 | 371 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 33452952 | 69810 | SH |  | SOLE | Avalon Trust | 0 | 0 | 69810 |
| BHP BILLITON LIMITED | SPONSORED ADS | 088606108 |  | 29096 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 31147 | 596 | SH |  | SOLE | Avalon Trust | 0 | 0 | 596 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 7284 | 74 | SH |  | SOLE | Avalon Trust | 0 | 0 | 74 |
| BLACKROCK INC | COM | 09290D101 |  | 28852 | 30 | SH |  | SOLE | Avalon Trust | 0 | 0 | 30 |
| BLACKSTONE INC | COM | 09260D107 |  | 344856 | 2999 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2999 |
| BLEND LABS INC | CL A | 09352U108 |  | 20297 | 11939 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11939 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 31666723 | 233720 | SH |  | SOLE | Avalon Trust | 0 | 0 | 233720 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 18512 | 295 | SH |  | SOLE | Avalon Trust | 0 | 0 | 295 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 31599 | 521 | SH |  | SOLE | Avalon Trust | 0 | 0 | 521 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 64800 | 2250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2250 |
| BROADCOM INC | COM | 11135F101 |  | 92095286 | 297552 | SH |  | SOLE | Avalon Trust | 0 | 0 | 297552 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 728460 | 18000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18000 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 7539666 | 190781 | SH |  | SOLE | Avalon Trust | 0 | 0 | 190781 |
| BROOKFIELD INFRASTRUCTURE PA | LP INT UNIT | G16252101 |  | 6648067 | 184055 | SH |  | SOLE | Avalon Trust | 0 | 0 | 184055 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 11949 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| BROOKFIELD RENEWABLE ENERGY | PARTNERSHIP UNIT | G16258108 |  | 65280 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| BROWN  BROWN INC | COM | 115236101 |  | 587 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1647 | 20 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 61347 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| BXP INC | COM | 101121101 |  | 67419 | 1299 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1299 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 47794 | 172 | SH |  | SOLE | Avalon Trust | 0 | 0 | 172 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 72074 | 738 | SH |  | SOLE | Avalon Trust | 0 | 0 | 738 |
| CAMECO CORP | COM | 13321L108 |  | 54305 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1048254 | 10200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10200 |
| CATERPILLAR INC | COM | 149123101 |  | 212538 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 66052 | 235 | SH |  | SOLE | Avalon Trust | 0 | 0 | 235 |
| CDW CORP | COM | 12514G108 |  | 59300 | 490 | SH |  | SOLE | Avalon Trust | 0 | 0 | 490 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 923 | 26 | SH |  | SOLE | Avalon Trust | 0 | 0 | 26 |
| CENCORA INC | COM | 03073E105 |  | 201050 | 640 | SH |  | SOLE | Avalon Trust | 0 | 0 | 640 |
| CENTERSPACE | COM | 15202L107 |  | 40733 | 709 | SH |  | SOLE | Avalon Trust | 0 | 0 | 709 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 779040 | 6000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6000 |
| CHART INDS INC | COM | 16115Q308 |  | 29979 | 145 | SH |  | SOLE | Avalon Trust | 0 | 0 | 145 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 120882 | 426 | SH |  | SOLE | Avalon Trust | 0 | 0 | 426 |
| CHEVRON CORPORATION | COM | 166764100 |  | 265867 | 1285 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1285 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 245426 | 753 | SH |  | SOLE | Avalon Trust | 0 | 0 | 753 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 74656 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 21560 | 240 | SH |  | SOLE | Avalon Trust | 0 | 0 | 240 |
| CINTAS CORP | COM | 172908105 |  | 20974 | 124 | SH |  | SOLE | Avalon Trust | 0 | 0 | 124 |
| CISCO SYS INC | COM | 17275R102 |  | 420150 | 5415 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5415 |
| CITIGROUP INC | COM NEW | 172967424 |  | 158774 | 1400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1400 |
| CLEAN ENERGY FUELS CORP | COM | 184499101 |  | 893 | 360 | SH |  | SOLE | Avalon Trust | 0 | 0 | 360 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 58935 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 25793 | 125 | SH |  | SOLE | Avalon Trust | 0 | 0 | 125 |
| CMS ENERGY CORP | COM | 125896100 |  | 22758792 | 293359 | SH |  | SOLE | Avalon Trust | 0 | 0 | 293359 |
| COCA COLA CO | COM | 191216100 |  | 194727 | 2561 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2561 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 8731 | 50 | SH |  | SOLE | Avalon Trust | 0 | 0 | 50 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 52246 | 613 | SH |  | SOLE | Avalon Trust | 0 | 0 | 613 |
| COMFORT SYS USA INC | COM | 199908104 |  | 22064 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 39600 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| COOPER COS INC | COM | 216648501 |  | 122265 | 1710 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1710 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 118839 | 1534 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1534 |
| CORNERSTONE STRATEGIC INVEST | COM | 21924B302 |  | 7280 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| CORPAY INC | COM SHS | 219948106 |  | 1746 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| COSTAR GROUP INC | COM | 22160N109 |  | 11981 | 297 | SH |  | SOLE | Avalon Trust | 0 | 0 | 297 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 3066016 | 3077 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3077 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 39092 | 1732 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1732 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 312328 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| CSX CORP | COM | 126408103 |  | 146959 | 3580 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3580 |
| CUMMINS INC | COM | 231021106 |  | 295911 | 550 | SH |  | SOLE | Avalon Trust | 0 | 0 | 550 |
| CVS HEALTH CORP | COM | 126650100 |  | 178832 | 2490 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2490 |
| CYBIN INC | COM NEW | 23256X407 |  | 946 | 197 | SH |  | SOLE | Avalon Trust | 0 | 0 | 197 |
| D R HORTON INC | COM | 23331A109 |  | 514575 | 3750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3750 |
| DANAHER CORP DEL | COM | 235851102 |  | 15311717 | 80758 | SH |  | SOLE | Avalon Trust | 0 | 0 | 80758 |
| DATADOG INC | CL A COM | 23804L103 |  | 19243 | 163 | SH |  | SOLE | Avalon Trust | 0 | 0 | 163 |
| DBX ETF TR | XTRACKERS RUSSEL | 233051481 |  | 35934 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 144168 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| DISNEY WALT CO | COM | 254687106 |  | 48190 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 128562 | 2080 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2080 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 11113 | 514 | SH |  | SOLE | Avalon Trust | 0 | 0 | 514 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 104752 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 19557 | 427 | SH |  | SOLE | Avalon Trust | 0 | 0 | 427 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 46088 | 249 | SH |  | SOLE | Avalon Trust | 0 | 0 | 249 |
| EATON CORP PLC | SHS | G29183103 |  | 74038 | 207 | SH |  | SOLE | Avalon Trust | 0 | 0 | 207 |
| ECOLAB INC | COM | 278865100 |  | 239418 | 900 | SH |  | SOLE | Avalon Trust | 0 | 0 | 900 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 64064 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| ELI LILLY  CO | COM | 532457108 |  | 780885 | 849 | SH |  | SOLE | Avalon Trust | 0 | 0 | 849 |
| EMERSON ELEC CO | COM | 291011104 |  | 170326 | 1300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1300 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 2836 | 75 | SH |  | SOLE | Avalon Trust | 0 | 0 | 75 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 7543289 | 67135 | SH |  | SOLE | Avalon Trust | 0 | 0 | 67135 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 155144 | 4100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4100 |
| EQUINIX INC | COM | 29444U700 |  | 20821278 | 21241 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21241 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 8594 | 60 | SH |  | SOLE | Avalon Trust | 0 | 0 | 60 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 420757 | 2480 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2480 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 4340 | 20 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20 |
| FAIR ISAAC CORP | COM | 303250104 |  | 17081 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| FEDEX CORP | COM | 31428X106 |  | 106854 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 43154 | 185 | SH |  | SOLE | Avalon Trust | 0 | 0 | 185 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 22096 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 82698 | 1400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1400 |
| FIDELITY ETHEREUM FD | SHS | 31613E103 |  | 20567 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 23022 | 390 | SH |  | SOLE | Avalon Trust | 0 | 0 | 390 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 32987 | 710 | SH |  | SOLE | Avalon Trust | 0 | 0 | 710 |
| FIRST SOLAR INC | COM | 336433107 |  | 4028050 | 20420 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20420 |
| FIRST TR EXCHANGE-TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 29790 | 475 | SH |  | SOLE | Avalon Trust | 0 | 0 | 475 |
| FIRST TR EXCHANGE-TRADED FD | NASDAQ-100 SEL | 337344105 |  | 28570 | 225 | SH |  | SOLE | Avalon Trust | 0 | 0 | 225 |
| FORTINET INC | COM | 34959E109 |  | 80495 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 88170 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| FRONTVIEW REIT INC | COM | 35922N100 |  | 36773 | 2377 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2377 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 24500 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 40068 | 185 | SH |  | SOLE | Avalon Trust | 0 | 0 | 185 |
| GARMIN LTD | SHS | H2906T109 |  | 46635 | 201 | SH |  | SOLE | Avalon Trust | 0 | 0 | 201 |
| GE AEROSPACE | COM NEW | 369604301 |  | 46823 | 165 | SH |  | SOLE | Avalon Trust | 0 | 0 | 165 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 3061 | 43 | SH |  | SOLE | Avalon Trust | 0 | 0 | 43 |
| GE VERNOVA INC | COM | 36828A101 |  | 115223 | 132 | SH |  | SOLE | Avalon Trust | 0 | 0 | 132 |
| GENERAC HLDGS INC | COM | 368736104 |  | 31839 | 163 | SH |  | SOLE | Avalon Trust | 0 | 0 | 163 |
| GENERAL MILLS INC | COM | 370334104 |  | 233556 | 6275 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6275 |
| GETTY RLTY CORP NEW | COM | 374297109 |  | 38160 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 158882 | 1140 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1140 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 29058 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 34094 | 671 | SH |  | SOLE | Avalon Trust | 0 | 0 | 671 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1572696 | 1859 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1859 |
| GRAIL INC | COM | 384747101 |  | 207 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 11996 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 140870 | 2670 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2670 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 |  | 6592840 | 179397 | SH |  | SOLE | Avalon Trust | 0 | 0 | 179397 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 62014 | 3650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3650 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 34388 | 2093 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2093 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 511274 | 7901 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7901 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 30510 | 1425 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1425 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 45004 | 148 | SH |  | SOLE | Avalon Trust | 0 | 0 | 148 |
| HOLOGIC INC | COM | 436440101 |  | 130318 | 1724 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1724 |
| HOME DEPOT INC | COM | 437076102 |  | 582794 | 1772 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1772 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5877 | 26 | SH |  | SOLE | Avalon Trust | 0 | 0 | 26 |
| HUBSPOT INC | COM | 443573100 |  | 156224 | 640 | SH |  | SOLE | Avalon Trust | 0 | 0 | 640 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 416371 | 1096 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1096 |
| IDACORP INC | COM | 451107106 |  | 71485 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| IDEXX LABS INC | COM | 45168D104 |  | 33714 | 60 | SH |  | SOLE | Avalon Trust | 0 | 0 | 60 |
| ILLUMINA INC | COM | 452327109 |  | 3082 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 200532 | 1275 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1275 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 207002 | 854 | SH |  | SOLE | Avalon Trust | 0 | 0 | 854 |
| INTUIT | COM | 461202103 |  | 93827 | 217 | SH |  | SOLE | Avalon Trust | 0 | 0 | 217 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 356346 | 773 | SH |  | SOLE | Avalon Trust | 0 | 0 | 773 |
| INVENTRUST PPTYS CORP | COM NEW | 46124J201 |  | 66860 | 2195 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2195 |
| INVESCO EXCH TRADED FD TR II | GLOBAL WATER | 46138E651 |  | 11 | 0 | SH |  | SOLE | Avalon Trust | 0 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 95960 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 419610 | 727 | SH |  | SOLE | Avalon Trust | 0 | 0 | 727 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 135406 | 3950 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3950 |
| IRON MTN INC DEL | COM | 46284V101 |  | 71498 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 14408 | 375 | SH |  | SOLE | Avalon Trust | 0 | 0 | 375 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 20579 | 1300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1300 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 352640 | 4000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4000 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 53568 | 768 | SH |  | SOLE | Avalon Trust | 0 | 0 | 768 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 216618 | 3179 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3179 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 41372 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 40716 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 290783 | 3212 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3212 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 375602 | 5562 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5562 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 128040 | 1030 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1030 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1111967 | 7807 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7807 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1280945 | 1961 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1961 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 69489 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 63840 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 2536972 | 15025 | SH |  | SOLE | Avalon Trust | 0 | 0 | 15025 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 575155 | 1750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1750 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 94524 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 454610 | 4680 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4680 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 68148 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 236487 | 2550 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2550 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 101620 | 285 | SH |  | SOLE | Avalon Trust | 0 | 0 | 285 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 20894 | 49 | SH |  | SOLE | Avalon Trust | 0 | 0 | 49 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 87444 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 155180 | 1596 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1596 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 237088 | 956 | SH |  | SOLE | Avalon Trust | 0 | 0 | 956 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 15629 | 108 | SH |  | SOLE | Avalon Trust | 0 | 0 | 108 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 223112 | 2022 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2022 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 38280 | 580 | SH |  | SOLE | Avalon Trust | 0 | 0 | 580 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 42680 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 616103 | 3396 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3396 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 171957 | 3397 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3397 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 328193 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 27278 | 290 | SH |  | SOLE | Avalon Trust | 0 | 0 | 290 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 |  | 20512 | 345 | SH |  | SOLE | Avalon Trust | 0 | 0 | 345 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 39762 | 577 | SH |  | SOLE | Avalon Trust | 0 | 0 | 577 |
| J P MORGAN EXCHANGE TRADED F | MORTGAGE BACKED | 46654Q575 |  | 68192205 | 1337102 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1337102 |
| JABIL INC | COM | 466313103 |  | 115815 | 436 | SH |  | SOLE | Avalon Trust | 0 | 0 | 436 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10030516 | 41035 | SH |  | SOLE | Avalon Trust | 0 | 0 | 41035 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1682519 | 5720 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5720 |
| JPMORGAN CHASE FINL CO LLC | CAL LKD 44 | 48133Q309 |  | 170949 | 4945 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4945 |
| KENVUE INC | COM | 49177J102 |  | 1380 | 80 | SH |  | SOLE | Avalon Trust | 0 | 0 | 80 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 197659 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 70809 | 734 | SH |  | SOLE | Avalon Trust | 0 | 0 | 734 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 119581 | 350 | SH |  | SOLE | Avalon Trust | 0 | 0 | 350 |
| KKR  CO INC | COM | 48251W104 |  | 999093 | 10801 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10801 |
| KLA CORP | COM NEW | 482480100 |  | 15105455 | 10259 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10259 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 256917 | 17525 | SH |  | SOLE | Avalon Trust | 0 | 0 | 17525 |
| KRAFT HEINZ CO | COM | 500754106 |  | 46105 | 2050 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2050 |
| KROGER CO | COM | 501044101 |  | 102752 | 1420 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1420 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 1640 | 125 | SH |  | SOLE | Avalon Trust | 0 | 0 | 125 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 24785 | 116 | SH |  | SOLE | Avalon Trust | 0 | 0 | 116 |
| LENNAR CORP | CL A | 526057104 |  | 286572 | 3300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3300 |
| LINDE PLC | SHS | G54950103 |  | 22457433 | 45299 | SH |  | SOLE | Avalon Trust | 0 | 0 | 45299 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 10741 | 1120 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1120 |
| LKQ CORP | COM | 501889208 |  | 146850 | 5000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5000 |
| LOWES COS INC | COM | 548661107 |  | 30085533 | 127330 | SH |  | SOLE | Avalon Trust | 0 | 0 | 127330 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 16229 | 106 | SH |  | SOLE | Avalon Trust | 0 | 0 | 106 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 4485 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| MARKEL GROUP INC | COM | 570535104 |  | 821137 | 429 | SH |  | SOLE | Avalon Trust | 0 | 0 | 429 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 8177 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 389222 | 2244 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2244 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 33578 | 339 | SH |  | SOLE | Avalon Trust | 0 | 0 | 339 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2940500 | 5885 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5885 |
| MCDONALDS CORP | COM | 580135101 |  | 364246 | 1172 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1172 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 10084 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 17330 | 200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 200 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 72619 | 42 | SH |  | SOLE | Avalon Trust | 0 | 0 | 42 |
| MERCK  CO INC | COM | 58933Y105 |  | 1594926 | 13259 | SH |  | SOLE | Avalon Trust | 0 | 0 | 13259 |
| META PLATFORMS INC | CL A | 30303M102 |  | 284349 | 497 | SH |  | SOLE | Avalon Trust | 0 | 0 | 497 |
| METLIFE INC | COM | 59156R108 |  | 120932 | 1710 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1710 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 |  | 124935 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 242151 | 192 | SH |  | SOLE | Avalon Trust | 0 | 0 | 192 |
| MGE ENERGY INC | COM | 55277P104 |  | 46374 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1745 | 27 | SH |  | SOLE | Avalon Trust | 0 | 0 | 27 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 8446 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| MICROSOFT CORP | COM | 594918104 |  | 87560382 | 236541 | SH |  | SOLE | Avalon Trust | 0 | 0 | 236541 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 469305 | 8142 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8142 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 136669 | 125 | SH |  | SOLE | Avalon Trust | 0 | 0 | 125 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 6739 | 93 | SH |  | SOLE | Avalon Trust | 0 | 0 | 93 |
| MONTROSE ENVIRONMENTAL GROUP | COM | 615111101 |  | 9554854 | 436494 | SH |  | SOLE | Avalon Trust | 0 | 0 | 436494 |
| MOODYS CORP | COM | 615369105 |  | 10907 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1529843 | 9296 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9296 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 19529 | 45 | SH |  | SOLE | Avalon Trust | 0 | 0 | 45 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 14478 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 79157 | 1387 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1387 |
| MSCI INC | COM | 55354G100 |  | 5391 | 10 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 21573 | 255 | SH |  | SOLE | Avalon Trust | 0 | 0 | 255 |
| NETFLIX INC. | COM | 64110L106 |  | 25905983 | 269433 | SH |  | SOLE | Avalon Trust | 0 | 0 | 269433 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 752979 | 8107 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8107 |
| NIKE INC | CL B | 654106103 |  | 7923 | 150 | SH |  | SOLE | Avalon Trust | 0 | 0 | 150 |
| NISOURCE INC | COM | 65473P105 |  | 279960 | 6000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6000 |
| NNN REIT INC | COM | 637417106 |  | 34381 | 818 | SH |  | SOLE | Avalon Trust | 0 | 0 | 818 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 303148 | 1056 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1056 |
| NORTHERN LTS FD TR IV | FM FOCUS EQUITY | 66538H211 |  | 83423 | 2600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2600 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 4884157 | 7159 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7159 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 229125 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 73500 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| NUCOR CORP | COM | 670346105 |  | 253650 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 41075 | 2650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2650 |
| NUVECTIS PHARMA INC | COM | 67080T108 |  | 108220 | 14000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 14000 |
| NVENT ELEC PLC | SHS | G6700G107 |  | 10066930 | 85111 | SH |  | SOLE | Avalon Trust | 0 | 0 | 85111 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 126781650 | 726959 | SH |  | SOLE | Avalon Trust | 0 | 0 | 726959 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 117000 | 1800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1800 |
| OLB GROUP INC | COM | 67086U406 |  | 0 | 36050 | SH |  | SOLE | Avalon Trust | 0 | 0 | 36050 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712137 |  | 19 | 76 | SH |  | SOLE | Avalon Trust | 0 | 0 | 76 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712145 |  | 18 | 76 | SH |  | SOLE | Avalon Trust | 0 | 0 | 76 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712129 |  | 46 | 76 | SH |  | SOLE | Avalon Trust | 0 | 0 | 76 |
| OPTIMIZERX CORP | COM NEW | 68401U204 |  | 12560 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| ORACLE CORP | COM | 68389X105 |  | 1025651 | 6972 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6972 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 177236 | 1920 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1920 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 53141 | 4633 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4633 |
| OWENS CORNING NEW | COM | 690742101 |  | 432880 | 4000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4000 |
| PACCAR INC | COM | 693718108 |  | 114923 | 995 | SH |  | SOLE | Avalon Trust | 0 | 0 | 995 |
| PACKAGING CORP AMER | COM | 695156109 |  | 63666 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 4828 | 33 | SH |  | SOLE | Avalon Trust | 0 | 0 | 33 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 17737004 | 110635 | SH |  | SOLE | Avalon Trust | 0 | 0 | 110635 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2686 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 18092 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| PEPSICO INC | COM | 713448108 |  | 367727 | 2368 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2368 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 5568 | 65 | SH |  | SOLE | Avalon Trust | 0 | 0 | 65 |
| PERRIGO CO PLC | SHS | G97822103 |  | 1074 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| PFIZER INC | COM | 717081103 |  | 55234 | 1967 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1967 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 89119 | 539 | SH |  | SOLE | Avalon Trust | 0 | 0 | 539 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 27981 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 165045 | 1641 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1641 |
| PIPER SANDLER COMPANIES | COM NEW | 724078209 |  | 114825 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 25720757 | 123604 | SH |  | SOLE | Avalon Trust | 0 | 0 | 123604 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 108300 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 994759 | 6887 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6887 |
| PROFESIONALLY MANAGED PORTFO | AKRE FOCUS ETF | 74316P579 |  | 30548 | 578 | SH |  | SOLE | Avalon Trust | 0 | 0 | 578 |
| PROGRESSIVE CORP | COM | 743315103 |  | 23793558 | 120024 | SH |  | SOLE | Avalon Trust | 0 | 0 | 120024 |
| PROLOGIS INC. | COM | 74340W103 |  | 212678 | 1609 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1609 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 16021 | 164 | SH |  | SOLE | Avalon Trust | 0 | 0 | 164 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 53906 | 199 | SH |  | SOLE | Avalon Trust | 0 | 0 | 199 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 24576 | 213 | SH |  | SOLE | Avalon Trust | 0 | 0 | 213 |
| QUANTA SVCS INC | COM | 74762E102 |  | 33254142 | 60570 | SH |  | SOLE | Avalon Trust | 0 | 0 | 60570 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 7656 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 22340 | 1445 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1445 |
| RAMACO RES INC | COM CL B | 75134P501 |  | 3803 | 373 | SH |  | SOLE | Avalon Trust | 0 | 0 | 373 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 2317 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| REGENCY CTRS CORP | COM | 758849103 |  | 204736 | 2706 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2706 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 100312 | 458 | SH |  | SOLE | Avalon Trust | 0 | 0 | 458 |
| RESMED INC | COM | 761152107 |  | 21329417 | 95017 | SH |  | SOLE | Avalon Trust | 0 | 0 | 95017 |
| RISKIFIED LTD | SHS CL A | M8216R109 |  | 4755 | 1213 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1213 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 2408 | 160 | SH |  | SOLE | Avalon Trust | 0 | 0 | 160 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 24063 | 68 | SH |  | SOLE | Avalon Trust | 0 | 0 | 68 |
| ROYAL BK CDA | COM | 780087102 |  | 80890 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| RTX CORPORATION | COM | 75513E101 |  | 211033 | 1094 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1094 |
| S GLOBAL INC | COM | 78409V104 |  | 335168 | 788 | SH |  | SOLE | Avalon Trust | 0 | 0 | 788 |
| SALESFORCE INC | COM | 79466L302 |  | 381367 | 2043 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2043 |
| SAMSARA INC | COM CL A | 79589L106 |  | 20029 | 632 | SH |  | SOLE | Avalon Trust | 0 | 0 | 632 |
| SCHRODINGER INC | COM | 80810D103 |  | 1193 | 105 | SH |  | SOLE | Avalon Trust | 0 | 0 | 105 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 9398 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 46608 | 1600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1600 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 4702 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 89465 | 807 | SH |  | SOLE | Avalon Trust | 0 | 0 | 807 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 213601 | 1960 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1960 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 76734 | 936 | SH |  | SOLE | Avalon Trust | 0 | 0 | 936 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 56972 | 930 | SH |  | SOLE | Avalon Trust | 0 | 0 | 930 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 96568 | 1956 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1956 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 2548522 | 17383 | SH |  | SOLE | Avalon Trust | 0 | 0 | 17383 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 85717 | 530 | SH |  | SOLE | Avalon Trust | 0 | 0 | 530 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 605013 | 4552 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4552 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 45890 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| SERVICE CORP INTL | COM | 817565104 |  | 82510 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| SERVICENOW INC | COM | 81762P102 |  | 149089 | 1426 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1426 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 118620 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 33308 | 1100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1100 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 289320 | 3000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3000 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 2298 | 45 | SH |  | SOLE | Avalon Trust | 0 | 0 | 45 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 381 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 48975 | 750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 750 |
| SOUTHERN CO | COM | 842587107 |  | 67564 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4913482 | 11419 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11419 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X541 |  | 192276 | 2575 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2575 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 267949 | 1055 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1055 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 10184 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 42885 | 556 | SH |  | SOLE | Avalon Trust | 0 | 0 | 556 |
| STARBUCKS CORP | COM | 855244109 |  | 116467 | 1300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1300 |
| STARZ ENTERTAINMENT CORP. | COM | 855919106 |  | 851 | 74 | SH |  | SOLE | Avalon Trust | 0 | 0 | 74 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 4344112 | 6680 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6680 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 |  | 770950 | 1250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1250 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 47700 | 265 | SH |  | SOLE | Avalon Trust | 0 | 0 | 265 |
| STRATEGY INC | CL A NEW | 594972408 |  | 10608 | 85 | SH |  | SOLE | Avalon Trust | 0 | 0 | 85 |
| STRYKER CORPORATION | COM | 863667101 |  | 19892839 | 60540 | SH |  | SOLE | Avalon Trust | 0 | 0 | 60540 |
| SUN CMNTYS INC | COM | 866674104 |  | 63862 | 507 | SH |  | SOLE | Avalon Trust | 0 | 0 | 507 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 32485 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| SUNPOWER INC | COM | 20460L104 |  | 67 | 52 | SH |  | SOLE | Avalon Trust | 0 | 0 | 52 |
| SYSCO CORP | COM | 871829107 |  | 8560 | 120 | SH |  | SOLE | Avalon Trust | 0 | 0 | 120 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 640416 | 1895 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1895 |
| TARGET CORP | COM | 87612E106 |  | 150894 | 1245 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1245 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 46377 | 222 | SH |  | SOLE | Avalon Trust | 0 | 0 | 222 |
| TESLA INC | COM | 88160R101 |  | 1025723 | 2759 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2759 |
| TEXAS INSTRS INC | COM | 882508104 |  | 73774 | 380 | SH |  | SOLE | Avalon Trust | 0 | 0 | 380 |
| THE CIGNA GROUP | COM | 125523100 |  | 111235 | 417 | SH |  | SOLE | Avalon Trust | 0 | 0 | 417 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 29429 | 1297 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1297 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 17657233 | 35923 | SH |  | SOLE | Avalon Trust | 0 | 0 | 35923 |
| TJX COS INC NEW | COM | 872540109 |  | 16018758 | 100305 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100305 |
| TOAST INC | CL A | 888787108 |  | 26510 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 933100 | 10000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10000 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 2489605 | 5974 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5974 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 18544 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 7456 | 75 | SH |  | SOLE | Avalon Trust | 0 | 0 | 75 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2562118 | 8784 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8784 |
| TRIMBLE INC | COM | 896239100 |  | 151138 | 2317 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2317 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 462918 | 10070 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10070 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 7859333 | 22955 | SH |  | SOLE | Avalon Trust | 0 | 0 | 22955 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 55099 | 766 | SH |  | SOLE | Avalon Trust | 0 | 0 | 766 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1480838 | 2833 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2833 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 75942 | 1333 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1333 |
| UNION PAC CORP | COM | 907818108 |  | 497371 | 2050 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2050 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 13134 | 134 | SH |  | SOLE | Avalon Trust | 0 | 0 | 134 |
| UNITED RENTALS INC | COM | 911363109 |  | 305267 | 419 | SH |  | SOLE | Avalon Trust | 0 | 0 | 419 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 30557 | 113 | SH |  | SOLE | Avalon Trust | 0 | 0 | 113 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 92 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 10125 | 750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 750 |
| US BANCORP | COM NEW | 902973304 |  | 53311 | 1025 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1025 |
| US FOODS HLDG CORP | COM | 912008109 |  | 21880511 | 237290 | SH |  | SOLE | Avalon Trust | 0 | 0 | 237290 |
| USA RARE EARTH INC | COM | 91733P107 |  | 6054 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 358594 | 1451 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1451 |
| VALMONT INDS INC | COM | 920253101 |  | 15958427 | 39939 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39939 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 26155 | 285 | SH |  | SOLE | Avalon Trust | 0 | 0 | 285 |
| VANECK ETF TRUST | INTRMDT MUNI ETF | 92189H201 |  | 51073 | 1100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1100 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 116040 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| VANECK ETF TRUST | PHARMACEUTCL ETF | 92189F692 |  | 27808676 | 267700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 267700 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 153360 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 89613 | 1800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1800 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 9522 | 37 | SH |  | SOLE | Avalon Trust | 0 | 0 | 37 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3159 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 341495 | 3850 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3850 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 54975 | 92 | SH |  | SOLE | Avalon Trust | 0 | 0 | 92 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 264540 | 1010 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1010 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3094855 | 9647 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9647 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 12324 | 228 | SH |  | SOLE | Avalon Trust | 0 | 0 | 228 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 24796 | 497 | SH |  | SOLE | Avalon Trust | 0 | 0 | 497 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 57662 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 53765 | 250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 250 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 2467520 | 32000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 32000 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 320041 | 1425 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1425 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 42102 | 375 | SH |  | SOLE | Avalon Trust | 0 | 0 | 375 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 350349 | 2900 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2900 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 101170 | 145 | SH |  | SOLE | Avalon Trust | 0 | 0 | 145 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 468769 | 3234 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3234 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 814248 | 2216 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2216 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 138698 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 10891 | 62 | SH |  | SOLE | Avalon Trust | 0 | 0 | 62 |
| VENTAS INC | COM | 92276F100 |  | 147204 | 1800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1800 |
| VERALTO CORP | COM SHS | 92338C103 |  | 12652726 | 143098 | SH |  | SOLE | Avalon Trust | 0 | 0 | 143098 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 493350 | 2600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2600 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 134034 | 2670 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2670 |
| VIATRIS INC | COM | 92556V106 |  | 3351 | 248 | SH |  | SOLE | Avalon Trust | 0 | 0 | 248 |
| VISA INC | COM CL A | 92826C839 |  | 53388633 | 176643 | SH |  | SOLE | Avalon Trust | 0 | 0 | 176643 |
| WALMART INC | COM | 931142103 |  | 844235 | 6793 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6793 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 9172 | 334 | SH |  | SOLE | Avalon Trust | 0 | 0 | 334 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 163381 | 711 | SH |  | SOLE | Avalon Trust | 0 | 0 | 711 |
| WATERS CORP | COM | 941848103 |  | 396074 | 1330 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1330 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 94469 | 816 | SH |  | SOLE | Avalon Trust | 0 | 0 | 816 |
| WELLS FARGO  CO | COM | 949746101 |  | 238830 | 3000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3000 |
| WELLTOWER INC | COM | 95040Q104 |  | 81457 | 412 | SH |  | SOLE | Avalon Trust | 0 | 0 | 412 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 19801 | 79 | SH |  | SOLE | Avalon Trust | 0 | 0 | 79 |
| WESTERN UN CO | COM | 959802109 |  | 20952 | 2400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2400 |
| WESTPORT FUEL SYSTEMS INC | COM | 960908507 |  | 24 | 13 | SH |  | SOLE | Avalon Trust | 0 | 0 | 13 |
| WHITESTONE REIT | COM | 966084204 |  | 54910 | 3400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3400 |
| WILLIAMS COS INC | COM | 969457100 |  | 20597 | 283 | SH |  | SOLE | Avalon Trust | 0 | 0 | 283 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 84491 | 2107 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2107 |
| WORKDAY INC | CL A | 98138H101 |  | 90944 | 700 | SH |  | SOLE | Avalon Trust | 0 | 0 | 700 |
| XCEL ENERGY INC | COM | 98389B100 |  | 119875 | 1509 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1509 |
| XYLEM INC | COM | 98419M100 |  | 35850 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| ZOETIS INC | CL A | 98978V103 |  | 122230 | 1034 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1034 |
| ZSCALER INC | COM | 98980G102 |  | 187989 | 1340 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1340 |

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