# EDGAR Filing Document

**Accession Number:** 0001802387
**File Stem:** 0001802387-23-000001
**Filing Date:** 2023-1
**Character Count:** 19324
**Document Hash:** 589a859ff2c69433d11b9bccf8f541a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001802387-23-000001.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001802387-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevated Capital Advisors, LLC
- **CENTRAL INDEX KEY:** 0001802387
- **IRS NUMBER:** 473912684
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19768
- **FILM NUMBER:** 23530667

**BUSINESS ADDRESS:**
- **STREET 1:** 9350 S. 150 E. SUITE 320
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070
- **BUSINESS PHONE:** 801-639-0095

**MAIL ADDRESS:**
- **STREET 1:** 9350 S. 150 E. SUITE 320
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Elevated Capital Advisors LLC<br>**Address:** 9350 S. 150 E. SUITE 320<br>SANDY, UT 84070

**Form 13F File Number:** 028-19768

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:** Elton Wilcox<br>**Title:** CCO<br>**Phone:** 3852373338

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

Elton Wilcox  Sandy, UT  01-17-2023<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:** 155

**Form 13F Information Table Value Total:** $262135531

      (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 |
| 3M CO | COM | 88579Y101 |  | 1851559 | 15440 | SH |  | SOLE | 0 | 0 | 0 | 15440 |
| ABBOTT LABS | COM | 002824100 |  | 301593 | 2747 | SH |  | SOLE | 0 | 0 | 0 | 2747 |
| ABBVIE INC | COM | 00287Y109 |  | 2616885 | 16193 | SH |  | SOLE | 0 | 0 | 0 | 16193 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 494787 | 1854 | SH |  | SOLE | 0 | 0 | 0 | 1854 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 579909 | 1723 | SH |  | SOLE | 0 | 0 | 0 | 1723 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 635912 | 9818 | SH |  | SOLE | 0 | 0 | 0 | 9818 |
| AFLAC INC | COM | 001055102 |  | 325169 | 4520 | SH |  | SOLE | 0 | 0 | 0 | 4520 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1213826 | 13680 | SH |  | SOLE | 0 | 0 | 0 | 13680 |
| ALPS ETF TR | RIVERFRNT DYMC | 00162Q528 |  | 5071777 | 120958 | SH |  | SOLE | 0 | 0 | 0 | 120958 |
| ALPS ETF TR | RIVERFRONT DYM | 00162Q536 |  | 6672689 | 301659 | SH |  | SOLE | 0 | 0 | 0 | 301659 |
| ALPS ETF TR | RIVERFRNT FLEX | 00162Q510 |  | 944515 | 23455 | SH |  | SOLE | 0 | 0 | 0 | 23455 |
| ALPS ETF TR | RIVRFRNT STR INC | 00162Q783 |  | 7739087 | 341984 | SH |  | SOLE | 0 | 541 | 0 | 341442 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1570843 | 34365 | SH |  | SOLE | 0 | 0 | 0 | 34365 |
| AMAZON COM INC | COM | 023135106 |  | 861163 | 10252 | SH |  | SOLE | 0 | 0 | 0 | 10252 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1655261 | 17433 | SH |  | SOLE | 0 | 0 | 0 | 17433 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 233494 | 1580 | SH |  | SOLE | 0 | 0 | 0 | 1580 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 512971 | 2421 | SH |  | SOLE | 0 | 0 | 0 | 2421 |
| AMGEN INC | COM | 031162100 |  | 248337 | 946 | SH |  | SOLE | 0 | 0 | 0 | 946 |
| APPLE INC | COM | 037833100 |  | 3904937 | 30054 | SH |  | SOLE | 0 | 0 | 0 | 30054 |
| APPLIED MATLS INC | COM | 038222105 |  | 539972 | 5545 | SH |  | SOLE | 0 | 0 | 0 | 5545 |
| AT INC | COM | 00206R102 |  | 2095513 | 113825 | SH |  | SOLE | 0 | 0 | 0 | 113825 |
| BCE INC | COM NEW | 05534B760 |  | 1851047 | 42117 | SH |  | SOLE | 0 | 0 | 0 | 42117 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 314074 | 1017 | SH |  | SOLE | 0 | 0 | 0 | 1017 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 5010005 | 544566 | SH |  | SOLE | 0 | 0 | 0 | 544566 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 1564517 | 39132 | SH |  | SOLE | 0 | 0 | 0 | 39132 |
| BROADCOM INC | COM | 11135F101 |  | 506234 | 905 | SH |  | SOLE | 0 | 0 | 0 | 905 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1909165 | 10637 | SH |  | SOLE | 0 | 0 | 0 | 10637 |
| COCA COLA CO | COM | 191216100 |  | 1331066 | 20925 | SH |  | SOLE | 0 | 0 | 0 | 20925 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 2536793 | 105744 | SH |  | SOLE | 0 | 0 | 0 | 105744 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 572000 | 1253 | SH |  | SOLE | 0 | 0 | 0 | 1253 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1745435 | 12868 | SH |  | SOLE | 0 | 0 | 0 | 12868 |
| DISNEY WALT CO | COM | 254687106 |  | 366761 | 4221 | SH |  | SOLE | 0 | 0 | 0 | 4221 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1377258 | 22460 | SH |  | SOLE | 0 | 0 | 0 | 22460 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1666223 | 16178 | SH |  | SOLE | 0 | 0 | 0 | 16178 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 1346430 | 52595 | SH |  | SOLE | 0 | 152 | 0 | 52443 |
| ETF SER SOLUTIONS | NATIONWIDE NASDQ | 26922A172 |  | 4545777 | 245718 | SH |  | SOLE | 0 | 175 | 0 | 245543 |
| EVEREST RE GROUP LTD | COM | G3223R108 |  | 426689 | 1288 | SH |  | SOLE | 0 | 0 | 0 | 1288 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4664862 | 42292 | SH |  | SOLE | 0 | 0 | 0 | 42292 |
| FIRST TR EXCH TRADED FD III | RIVRFRNT DYN DEV | 33739P608 |  | 1231939 | 23174 | SH |  | SOLE | 0 | 0 | 0 | 23174 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 8231492 | 462184 | SH |  | SOLE | 0 | 0 | 0 | 462184 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 2126835 | 86845 | SH |  | SOLE | 0 | 177 | 0 | 86668 |
| FIRST TR EXCHANGE TRADED FD | TECH ALPHADEX | 33734X176 |  | 300109 | 3278 | SH |  | SOLE | 0 | 0 | 0 | 3278 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 756539 | 15957 | SH |  | SOLE | 0 | 0 | 0 | 15957 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 7385333 | 98537 | SH |  | SOLE | 0 | 177 | 0 | 98359 |
| FIRST TR EXCHANGE-TRADED FD | MULTI ASSET DI | 33738R100 |  | 1370260 | 91534 | SH |  | SOLE | 0 | 0 | 0 | 91534 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR TA HIYL | 33738D408 |  | 4380959 | 112505 | SH |  | SOLE | 0 | 166 | 0 | 112339 |
| FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 33740F805 |  | 896829 | 20420 | SH |  | SOLE | 0 | 0 | 0 | 20420 |
| FIRST TR EXCHNG TRADED FD VI | TCW UNCONSTRAI | 33740F888 |  | 4140161 | 171720 | SH |  | SOLE | 0 | 329 | 0 | 171391 |
| FIRST TR MORNINGSTAR DIVID L | SHS | 336917109 |  | 1653996 | 45241 | SH |  | SOLE | 0 | 0 | 0 | 45241 |
| FLAHERTY  CRUMRINE PFD SECS | COM | 338478100 |  | 2211167 | 147215 | SH |  | SOLE | 0 | 0 | 0 | 147215 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 609740 | 7277 | SH |  | SOLE | 0 | 0 | 0 | 7277 |
| GENERAL MLS INC | COM | 370334104 |  | 1347120 | 16066 | SH |  | SOLE | 0 | 0 | 0 | 16066 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 1008810 | 20413 | SH |  | SOLE | 0 | 0 | 0 | 20413 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 219117 | 8272 | SH |  | SOLE | 0 | 0 | 0 | 8272 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 1291650 | 36757 | SH |  | SOLE | 0 | 0 | 0 | 36757 |
| HOME DEPOT INC | COM | 437076102 |  | 667991 | 2115 | SH |  | SOLE | 0 | 0 | 0 | 2115 |
| HONEYWELL INTL INC | COM | 438516106 |  | 620827 | 2897 | SH |  | SOLE | 0 | 0 | 0 | 2897 |
| INTUIT | COM | 461202103 |  | 468253 | 1203 | SH |  | SOLE | 0 | 0 | 0 | 1203 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 336995 | 1270 | SH |  | SOLE | 0 | 0 | 0 | 1270 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2024 CB | 46138J841 |  | 1497134 | 73084 | SH |  | SOLE | 0 | 0 | 0 | 73084 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1737563 | 12301 | SH |  | SOLE | 0 | 34 | 0 | 12267 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 3946728 | 47781 | SH |  | SOLE | 0 | 42 | 0 | 47740 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 376988 | 1552 | SH |  | SOLE | 0 | 0 | 0 | 1552 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 11393316 | 42787 | SH |  | SOLE | 0 | 41 | 0 | 42746 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 904722 | 19373 | SH |  | SOLE | 0 | 0 | 0 | 19373 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 2316748 | 46031 | SH |  | SOLE | 0 | 0 | 0 | 46031 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 935442 | 18894 | SH |  | SOLE | 0 | 0 | 0 | 18894 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1365227 | 14425 | SH |  | SOLE | 0 | 0 | 0 | 14425 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 209474 | 1968 | SH |  | SOLE | 0 | 0 | 0 | 1968 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 275886 | 1819 | SH |  | SOLE | 0 | 0 | 0 | 1819 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 287959 | 2389 | SH |  | SOLE | 0 | 0 | 0 | 2389 |
| ISHARES TR | MSCI GBL MULTIFC | 46434V316 |  | 341184 | 10743 | SH |  | SOLE | 0 | 0 | 0 | 10743 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 2907100 | 34774 | SH |  | SOLE | 0 | 39 | 0 | 34735 |
| ISHARES TR | 0-5YR INVT GR CP | 46434V100 |  | 2966172 | 61976 | SH |  | SOLE | 0 | 188 | 0 | 61788 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 2623225 | 17976 | SH |  | SOLE | 0 | 0 | 0 | 17976 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2020536 | 5259 | SH |  | SOLE | 0 | 0 | 0 | 5259 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 930389 | 18675 | SH |  | SOLE | 0 | 0 | 0 | 18675 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 607755 | 5529 | SH |  | SOLE | 0 | 0 | 0 | 5529 |
| ISHARES TR | YLD OPTIM BD | 46434V787 |  | 706962 | 32611 | SH |  | SOLE | 0 | 0 | 0 | 32611 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 602651 | 12232 | SH |  | SOLE | 0 | 0 | 0 | 12232 |
| ISHARES U S ETF TR | INT RT HDG C B | 46431W705 |  | 828194 | 9152 | SH |  | SOLE | 0 | 0 | 0 | 9152 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 2769593 | 56224 | SH |  | SOLE | 0 | 0 | 0 | 56224 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1323688 | 9751 | SH |  | SOLE | 0 | 0 | 0 | 9751 |
| KRANESHARES TR | QUADRTC INT RT | 500767736 |  | 2738545 | 121121 | SH |  | SOLE | 0 | 157 | 0 | 120964 |
| LILLY ELI  CO | COM | 532457108 |  | 365114 | 998 | SH |  | SOLE | 0 | 0 | 0 | 998 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 294482 | 605 | SH |  | SOLE | 0 | 0 | 0 | 605 |
| LOWES COS INC | COM | 548661107 |  | 302845 | 1520 | SH |  | SOLE | 0 | 0 | 0 | 1520 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 575323 | 1655 | SH |  | SOLE | 0 | 0 | 0 | 1655 |
| MICROSOFT CORP | COM | 594918104 |  | 2336472 | 9743 | SH |  | SOLE | 0 | 0 | 0 | 9743 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 1536883 | 25479 | SH |  | SOLE | 0 | 0 | 0 | 25479 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 558843 | 3824 | SH |  | SOLE | 0 | 0 | 0 | 3824 |
| PAYCHEX INC | COM | 704326107 |  | 513086 | 4440 | SH |  | SOLE | 0 | 0 | 0 | 4440 |
| PEPSICO INC | COM | 713448108 |  | 2290240 | 12677 | SH |  | SOLE | 0 | 0 | 0 | 12677 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1667181 | 16472 | SH |  | SOLE | 0 | 0 | 0 | 16472 |
| PIMCO CORPORATE  INCM STRG | COM | 72200U100 |  | 5716731 | 482425 | SH |  | SOLE | 0 | 0 | 0 | 482425 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 372036 | 4168 | SH |  | SOLE | 0 | 0 | 0 | 4168 |
| PPL CORP | COM | 69351T106 |  | 1668863 | 57114 | SH |  | SOLE | 0 | 0 | 0 | 57114 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 470622 | 4315 | SH |  | SOLE | 0 | 0 | 0 | 4315 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1644017 | 10847 | SH |  | SOLE | 0 | 0 | 0 | 10847 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 421617 | 5801 | SH |  | SOLE | 0 | 0 | 0 | 5801 |
| S GLOBAL INC | COM | 78409V104 |  | 434089 | 1296 | SH |  | SOLE | 0 | 0 | 0 | 1296 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 550716 | 16103 | SH |  | SOLE | 0 | 0 | 0 | 16103 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 901702 | 6981 | SH |  | SOLE | 0 | 0 | 0 | 6981 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 769033 | 7830 | SH |  | SOLE | 0 | 0 | 0 | 7830 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 1212937 | 16270 | SH |  | SOLE | 0 | 0 | 0 | 16270 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 578673 | 12058 | SH |  | SOLE | 0 | 0 | 0 | 12058 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2212171 | 16284 | SH |  | SOLE | 0 | 0 | 0 | 16284 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1628638 | 13088 | SH |  | SOLE | 0 | 0 | 0 | 13088 |
| SELECTQUOTE INC | COM | 816307300 |  | 22075 | 32854 | SH |  | SOLE | 0 | 0 | 0 | 32854 |
| SERVICENOW INC | COM | 81762P102 |  | 423991 | 1092 | SH |  | SOLE | 0 | 0 | 0 | 1092 |
| SHELL PLC | SPON ADS | 780259305 |  | 629810 | 11059 | SH |  | SOLE | 0 | 0 | 0 | 11059 |
| SOUTHERN CO | COM | 842587107 |  | 1644832 | 23034 | SH |  | SOLE | 0 | 0 | 0 | 23034 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1024371 | 6039 | SH |  | SOLE | 0 | 0 | 0 | 6039 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 211101 | 552 | SH |  | SOLE | 0 | 0 | 0 | 552 |
| SPDR SER TR | PORTFOLIO LN COR | 78464A367 |  | 2391690 | 106534 | SH |  | SOLE | 0 | 0 | 0 | 106534 |
| SPDR SER TR | PRTFLO S GW | 78464A409 |  | 314373 | 6204 | SH |  | SOLE | 0 | 0 | 0 | 6204 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 430056 | 11058 | SH |  | SOLE | 0 | 0 | 0 | 11058 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 3641759 | 39814 | SH |  | SOLE | 0 | 0 | 0 | 39814 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 |  | 7779023 | 264773 | SH |  | SOLE | 0 | 258 | 0 | 264515 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 1809944 | 40239 | SH |  | SOLE | 0 | 0 | 0 | 40239 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 3817562 | 125619 | SH |  | SOLE | 0 | 0 | 0 | 125619 |
| SPDR SER TR | PORTFOLI S | 78464A805 |  | 817010 | 17277 | SH |  | SOLE | 0 | 0 | 0 | 17277 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 459266 | 11229 | SH |  | SOLE | 0 | 0 | 0 | 11229 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 225315 | 2306 | SH |  | SOLE | 0 | 0 | 0 | 2306 |
| TESLA INC | COM | 88160R101 |  | 903280 | 7333 | SH |  | SOLE | 0 | 0 | 0 | 7333 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 572464 | 1040 | SH |  | SOLE | 0 | 0 | 0 | 1040 |
| TOLL BROTHERS INC | COM | 889478103 |  | 290335 | 5816 | SH |  | SOLE | 0 | 0 | 0 | 5816 |
| UNION PAC CORP | COM | 907818108 |  | 255731 | 1235 | SH |  | SOLE | 0 | 0 | 0 | 1235 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 415478 | 2390 | SH |  | SOLE | 0 | 0 | 0 | 2390 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 3883485 | 52254 | SH |  | SOLE | 0 | 0 | 0 | 52254 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 3550921 | 49428 | SH |  | SOLE | 0 | 0 | 0 | 49428 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 1313888 | 18138 | SH |  | SOLE | 0 | 0 | 0 | 18138 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 2870144 | 38126 | SH |  | SOLE | 0 | 0 | 0 | 38126 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 2715010 | 57242 | SH |  | SOLE | 0 | 0 | 0 | 57242 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 4516796 | 21195 | SH |  | SOLE | 0 | 86 | 0 | 21108 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1920021 | 9421 | SH |  | SOLE | 0 | 0 | 0 | 9421 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 4235354 | 30173 | SH |  | SOLE | 0 | 124 | 0 | 30049 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1015665 | 12314 | SH |  | SOLE | 0 | 0 | 0 | 12314 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2087500 | 11374 | SH |  | SOLE | 0 | 28 | 0 | 11345 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 237649 | 1243 | SH |  | SOLE | 0 | 0 | 0 | 1243 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1629770 | 41810 | SH |  | SOLE | 0 | 178 | 0 | 41633 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 861931 | 20850 | SH |  | SOLE | 0 | 0 | 0 | 20850 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1291479 | 28372 | SH |  | SOLE | 0 | 0 | 0 | 28372 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 5043205 | 120162 | SH |  | SOLE | 0 | 523 | 0 | 119640 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 209819 | 1939 | SH |  | SOLE | 0 | 0 | 0 | 1939 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 346372 | 2013 | SH |  | SOLE | 0 | 0 | 0 | 2013 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 849286 | 4814 | SH |  | SOLE | 0 | 0 | 0 | 4814 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1897488 | 48160 | SH |  | SOLE | 0 | 0 | 0 | 48160 |
| VICTORY PORTFOLIOS II | VCTRYSHS USAA CR | 92647N535 |  | 866852 | 17822 | SH |  | SOLE | 0 | 0 | 0 | 17822 |
| VISA INC | COM CL A | 92826C839 |  | 965908 | 4649 | SH |  | SOLE | 0 | 0 | 0 | 4649 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 1589758 | 157091 | SH |  | SOLE | 0 | 0 | 0 | 157091 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 224995 | 956 | SH |  | SOLE | 0 | 0 | 0 | 956 |
| WESTERN UN CO | COM | 959802109 |  | 374471 | 27195 | SH |  | SOLE | 0 | 0 | 0 | 27195 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 498309 | 12751 | SH |  | SOLE | 0 | 0 | 0 | 12751 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 363837 | 3166 | SH |  | SOLE | 0 | 0 | 0 | 3166 |

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