# EDGAR Filing Document

**Accession Number:** 0001352467
**File Stem:** 0001352467-25-000008
**Filing Date:** 2025-8
**Character Count:** 26771
**Document Hash:** 220e66c421a4bca03096f08d41b7584e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001352467-25-000008.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001352467-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBR PARTNERS, LLC
- **CENTRAL INDEX KEY:** 0001352467

**ORGANIZATION NAME:**
- **EIN:** 134088325
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14080
- **FILM NUMBER:** 251218992

**BUSINESS ADDRESS:**
- **STREET 1:** 55 EAST 52ND STREET
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10055
- **BUSINESS PHONE:** 212-313-9870

**MAIL ADDRESS:**
- **STREET 1:** 55 EAST 52ND STREET
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10055

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BBR PARTNERS LLC<br>**Address:** 55 EAST 52ND STREET<br>18TH FLOOR<br>NEW YORK, NY 10055

**Form 13F File Number:** 028-14080

**CRD Number (if applicable):** 000109688

**SEC File Number (if applicable):** 801-57219

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:** Michael Anson<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-313-9871

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

Michael Anson  New York, NY  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

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

**Form 13F Information Table Value Total:** $1606433452

      (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 |  | 345889 | 2272 | SH |  | SOLE |  | 2272 | 0 | 0 |
| AB ACTIVE ETFS INC | INTL LOW VOLATLT | 00039J822 |  | 91772877 | 2204489 | SH |  | SOLE |  | 2204489 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 7463821 | 54877 | SH |  | SOLE |  | 54877 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 10068771 | 54244 | SH |  | SOLE |  | 54244 | 0 | 0 |
| ACCEL ENTMT INC | COM CL A1 | 00436Q106 |  | 583863 | 49606 | SH |  | SOLE |  | 49606 | 0 | 0 |
| ADOBE SYS INC COM | COM | 00724f101 |  | 242187 | 626 | SH |  | SOLE |  | 626 | 0 | 0 |
| AEVA TECHNOLOGIES INC | COM | 00835Q103 |  | 1511978 | 40010 | SH |  | SOLE |  | 40010 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827b106 |  | 785845 | 11366 | SH |  | SOLE |  | 11366 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 286527 | 4572 | SH |  | SOLE |  | 4572 | 0 | 0 |
| ALLOGENE THERAPEUTICS INC | COM | 019770106 |  | 32716 | 28952 | SH |  | SOLE |  | 28952 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 17421843 | 98859 | SH |  | SOLE |  | 98859 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 10585393 | 59673 | SH |  | SOLE |  | 59673 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162q452 |  | 964468 | 19739 | SH |  | SOLE |  | 19739 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 6318203 | 107764 | SH |  | SOLE |  | 107764 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9782600 | 44590 | SH |  | SOLE |  | 44590 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 400836 | 1257 | SH |  | SOLE |  | 1257 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1978203 | 7085 | SH |  | SOLE |  | 7085 | 0 | 0 |
| AON PLC | SHS CL A | g0403h108 |  | 1562966 | 4381 | SH |  | SOLE |  | 4381 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769m106 |  | 2272048 | 16015 | SH |  | SOLE |  | 16015 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 44048473 | 214693 | SH |  | SOLE |  | 214693 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 3502861 | 19134 | SH |  | SOLE |  | 19134 | 0 | 0 |
| ARCHER AVIATION INC | COM CL | 03945R102 |  | 271250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ARES CAP CORP COM | COM | 04010L103 |  | 3430239 | 156204 | SH |  | SOLE |  | 156204 | 0 | 0 |
| ASML HOLDING NV | NY REGISTRY SHS | n07059210 |  | 238814 | 298 | SH |  | SOLE |  | 298 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 452688 | 2229 | SH |  | SOLE |  | 2229 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1863970 | 6044 | SH |  | SOLE |  | 6044 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | g0692u109 |  | 2768464 | 26666 | SH |  | SOLE |  | 26666 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 380831 | 8048 | SH |  | SOLE |  | 8048 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2186400 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 8455798 | 17407 | SH |  | SOLE |  | 17407 | 0 | 0 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 1259685 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 918094 | 875 | SH |  | SOLE |  | 875 | 0 | 0 |
| BLACKSTONE GROUP INC. | COM CL A | 09260d107 |  | 412142 | 2755 | SH |  | SOLE |  | 2755 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 1055217 | 34316 | SH |  | SOLE |  | 34316 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 147774 | 10305 | SH |  | SOLE |  | 10305 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1344764 | 6418 | SH |  | SOLE |  | 6418 | 0 | 0 |
| BOWLERO CORP | CL A COM | 10258P102 |  | 228250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 3070638 | 102594 | SH |  | SOLE |  | 102594 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 411518 | 8890 | SH |  | SOLE |  | 8890 | 0 | 0 |
| BROADCOM INC. | COM | 11135f101 |  | 608360 | 2207 | SH |  | SOLE |  | 2207 | 0 | 0 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD L P | g16234109 |  | 266483 | 10277 | SH |  | SOLE |  | 10277 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271j107 |  | 417488 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 280260 | 2487 | SH |  | SOLE |  | 2487 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 286987 | 4270 | SH |  | SOLE |  | 4270 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 1605637 | 4136 | SH |  | SOLE |  | 4136 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1457528 | 10402 | SH |  | SOLE |  | 10402 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 422301 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411r208 |  | 413497 | 1698 | SH |  | SOLE |  | 1698 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 2672204 | 18662 | SH |  | SOLE |  | 18662 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 267762 | 2786 | SH |  | SOLE |  | 2786 | 0 | 0 |
| CISCO SYS INC | COM | 17275r102 |  | 1411883 | 20350 | SH |  | SOLE |  | 20350 | 0 | 0 |
| CLAROS MTG TR INC | COMMON STOCK | 18270D106 |  | 57000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2426432 | 34296 | SH |  | SOLE |  | 34296 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030n101 |  | 466326 | 13066 | SH |  | SOLE |  | 13066 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2979648 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 1002150 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 318175 | 2468 | SH |  | SOLE |  | 2468 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 209346 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 8232236 | 298919 | SH |  | SOLE |  | 298919 | 0 | 0 |
| DIGIMARC CORP NEW | COM | 25381b101 |  | 6833520 | 517299 | SH |  | SOLE |  | 517299 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434v708 |  | 346211 | 9660 | SH |  | SOLE |  | 9660 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434v609 |  | 4033294 | 74746 | SH |  | SOLE |  | 74746 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 1346643 | 10859 | SH |  | SOLE |  | 10859 | 0 | 0 |
| DOCGO INC | COM | 256086109 |  | 134712 | 85804 | SH |  | SOLE |  | 85804 | 0 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 542044 | 19456 | SH |  | SOLE |  | 19456 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 2565220 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 276050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 206928 | 1552 | SH |  | SOLE |  | 1552 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 480655 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 345740 | 1333 | SH |  | SOLE |  | 1333 | 0 | 0 |
| EXCHANGE LISTED FDS TR | LONG POND REAL E | 30151E517 |  | 2992098 | 118218 | SH |  | SOLE |  | 118218 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231g102 |  | 7990495 | 74123 | SH |  | SOLE |  | 74123 | 0 | 0 |
| FACEBOOK INC | COM | 30303M102 |  | 4858108 | 6582 | SH |  | SOLE |  | 6582 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 |  | 399203 | 7121 | SH |  | SOLE |  | 7121 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 546180 | 6709 | SH |  | SOLE |  | 6709 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 566612 | 26727 | SH |  | SOLE |  | 26727 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 323196 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| FIRST TR NASDAQ 100 TECH IND | SHS | 337345102 |  | 2530224 | 11888 | SH |  | SOLE |  | 11888 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 214801 | 671 | SH |  | SOLE |  | 671 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 827061 | 1563 | SH |  | SOLE |  | 1563 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 1607915 | 6247 | SH |  | SOLE |  | 6247 | 0 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946r109 |  | 382293 | 7250 | SH |  | SOLE |  | 7250 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 234992 | 1936 | SH |  | SOLE |  | 1936 | 0 | 0 |
| GOLDMAN SACHS ETF TR | EQUAL WEIGHT US | 381430438 |  | 272670 | 3344 | SH |  | SOLE |  | 3344 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141g104 |  | 6398268 | 9040 | SH |  | SOLE |  | 9040 | 0 | 0 |
| GRAIL INC | COM | 384747101 |  | 514251 | 10001 | SH |  | SOLE |  | 10001 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 63365874 | 4591730 | SH |  | SOLE |  | 4591730 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | W EXP 06/30/205 | 42806j148 |  | 41212 | 11291 | SH |  | SOLE |  | 11291 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2631375 | 7177 | SH |  | SOLE |  | 7177 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 537600 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 260303 | 95001 | SH |  | SOLE |  | 95001 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 520009 | 2127 | SH |  | SOLE |  | 2127 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 488775 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 901174 | 40231 | SH |  | SOLE |  | 40231 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1230992 | 4176 | SH |  | SOLE |  | 4176 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 402479 | 511 | SH |  | SOLE |  | 511 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | BLOOMBERG MVP MU | 46137v712 |  | 299348 | 6190 | SH |  | SOLE |  | 6190 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP GROWTH | 46137v746 |  | 208456 | 1775 | SH |  | SOLE |  | 1775 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137v357 |  | 23611661 | 129920 | SH |  | SOLE |  | 129920 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | UNIT SER 1 | 46090e103 |  | 2015771 | 3654 | SH |  | SOLE |  | 3654 | 0 | 0 |
| IONQ INC | COM | 46222L108 |  | 513749 | 11956 | SH |  | SOLE |  | 11956 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266c105 |  | 646907 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 3582267 | 58524 | SH |  | SOLE |  | 58524 | 0 | 0 |
| ISHARES INC | MSCI EM ASIA ETF | 464286426 |  | 321532 | 3895 | SH |  | SOLE |  | 3895 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434g822 |  | 209916 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 |  | 3888425 | 22957 | SH |  | SOLE |  | 22957 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 206305 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434v621 |  | 8807483 | 137746 | SH |  | SOLE |  | 137746 | 0 | 0 |
| ISHARES TR | USA MOMENTUM FCT | 46432F396 |  | 251134 | 1045 | SH |  | SOLE |  | 1045 | 0 | 0 |
| ISHARES TR | USA QUALITY FCTR | 46432F339 |  | 483010 | 2642 | SH |  | SOLE |  | 2642 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 286636 | 4704 | SH |  | SOLE |  | 4704 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 5345002 | 41563 | SH |  | SOLE |  | 41563 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 264952 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 3674140 | 85010 | SH |  | SOLE |  | 85010 | 0 | 0 |
| ISHARES TR | MSCI KLD400 SOC | 464288570 |  | 5151115 | 44345 | SH |  | SOLE |  | 44345 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 299858 | 2870 | SH |  | SOLE |  | 2870 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 631402 | 2926 | SH |  | SOLE |  | 2926 | 0 | 0 |
| ISHARES TR | RUSEL 2500 ETF | 46435G268 |  | 759543 | 11206 | SH |  | SOLE |  | 11206 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 4090638 | 13441 | SH |  | SOLE |  | 13441 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 117628338 | 189448 | SH |  | SOLE |  | 189448 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1552630 | 14102 | SH |  | SOLE |  | 14102 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1185539 | 11951 | SH |  | SOLE |  | 11951 | 0 | 0 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 267644 | 2506 | SH |  | SOLE |  | 2506 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 538677 | 4056 | SH |  | SOLE |  | 4056 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 4550971 | 10719 | SH |  | SOLE |  | 10719 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1995907 | 10276 | SH |  | SOLE |  | 10276 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1241308 | 6352 | SH |  | SOLE |  | 6352 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 3289011 | 18982 | SH |  | SOLE |  | 18982 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4507805 | 29511 | SH |  | SOLE |  | 29511 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625h100 |  | 9036785 | 31171 | SH |  | SOLE |  | 31171 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 558868 | 4335 | SH |  | SOLE |  | 4335 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 3844226 | 130756 | SH |  | SOLE |  | 130756 | 0 | 0 |
| KKR  CO INC. | CL A | 48251w104 |  | 30563909 | 229752 | SH |  | SOLE |  | 229752 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 738498 | 28602 | SH |  | SOLE |  | 28602 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | g61188101 |  | 100100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LIFESTANCE HEALTH GROUP INC | COM | 53228f101 |  | 66553 | 12873 | SH |  | SOLE |  | 12873 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 1249536 | 1603 | SH |  | SOLE |  | 1603 | 0 | 0 |
| LIVERAMP HLDGS INC | COM | 53815P108 |  | 247800 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| LOCAL BOUNTI CORP | COM NEW | 53960e205 |  | 455589 | 194696 | SH |  | SOLE |  | 194696 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 341570 | 738 | SH |  | SOLE |  | 738 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 764420 | 16897 | SH |  | SOLE |  | 16897 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 220480 | 807 | SH |  | SOLE |  | 807 | 0 | 0 |
| MARTI TECHNOLOGIES INC | SHS CL A | 573134103 |  | 106050 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636q104 |  | 5223232 | 9295 | SH |  | SOLE |  | 9295 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2042560 | 6991 | SH |  | SOLE |  | 6991 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 399885 | 153 | SH |  | SOLE |  | 153 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933y105 |  | 679034 | 8578 | SH |  | SOLE |  | 8578 | 0 | 0 |
| MESA LABS INC | COM | 59064r109 |  | 2373873 | 25195 | SH |  | SOLE |  | 25195 | 0 | 0 |
| METAGENOMI INC | COM | 59102M104 |  | 79036 | 53403 | SH |  | SOLE |  | 53403 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 37976575 | 76349 | SH |  | SOLE |  | 76349 | 0 | 0 |
| MILLERKNOLL INC | COM | 600544100 |  | 202007 | 10402 | SH |  | SOLE |  | 10402 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 5456031 | 80902 | SH |  | SOLE |  | 80902 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | CALVERT US MDCP | 61774R403 |  | 533917 | 8796 | SH |  | SOLE |  | 8796 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 752700 | 22624 | SH |  | SOLE |  | 22624 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 277200 | 207 | SH |  | SOLE |  | 207 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 256020 | 4394 | SH |  | SOLE |  | 4394 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339f101 |  | 788472 | 11358 | SH |  | SOLE |  | 11358 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 328266 | 4621 | SH |  | SOLE |  | 4621 | 0 | 0 |
| NORTHEAST BK LEWISTON ME | COM | 66405S100 |  | 444950 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 678707 | 5353 | SH |  | SOLE |  | 5353 | 0 | 0 |
| NOVARTIS A G | SPONSORED ADR | 66987V109 |  | 310391 | 2565 | SH |  | SOLE |  | 2565 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | g6683n103 |  | 4335877 | 316026 | SH |  | SOLE |  | 316026 | 0 | 0 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 239053 | 20988 | SH |  | SOLE |  | 20988 | 0 | 0 |
| NVIDIA CORP COM | COM | 67066G104 |  | 1128523 | 7143 | SH |  | SOLE |  | 7143 | 0 | 0 |
| OMNIAB INC | COM | 68218J103 |  | 34800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 368173 | 1684 | SH |  | SOLE |  | 1684 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 860716 | 4206 | SH |  | SOLE |  | 4206 | 0 | 0 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 2359432 | 3378 | SH |  | SOLE |  | 3378 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 399289 | 3024 | SH |  | SOLE |  | 3024 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 656322 | 27076 | SH |  | SOLE |  | 27076 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 348500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 25988494 | 142692 | SH |  | SOLE |  | 142692 | 0 | 0 |
| PRINCIPAL FINL GROUP INC | COM | 74251V102 |  | 1747539 | 22001 | SH |  | SOLE |  | 22001 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 1823444 | 11445 | SH |  | SOLE |  | 11445 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348a467 |  | 1175673 | 11675 | SH |  | SOLE |  | 11675 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460d109 |  | 394356 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513e101 |  | 989578 | 6777 | SH |  | SOLE |  | 6777 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 406907 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| ROBLOX COR | CL A | 771049103 |  | 2729414 | 25945 | SH |  | SOLE |  | 25945 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 1535127 | 69842 | SH |  | SOLE |  | 69842 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 573533 | 1886 | SH |  | SOLE |  | 1886 | 0 | 0 |
| SCHWAB CHARLES CORP NEW | COM | 808513105 |  | 456291 | 5001 | SH |  | SOLE |  | 5001 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 238628 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 546886 | 6448 | SH |  | SOLE |  | 6448 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 3754846 | 27857 | SH |  | SOLE |  | 27857 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 2734357 | 33770 | SH |  | SOLE |  | 33770 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369y605 |  | 240954 | 4601 | SH |  | SOLE |  | 4601 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 247456 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1014299 | 12421 | SH |  | SOLE |  | 12421 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3317614 | 3227 | SH |  | SOLE |  | 3227 | 0 | 0 |
| SHAKE SHACK INC | CL A | 819047101 |  | 351500 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 2315785 | 32890 | SH |  | SOLE |  | 32890 | 0 | 0 |
| SHOPIFY INC | CL A | 82509l107 |  | 1006890 | 8729 | SH |  | SOLE |  | 8729 | 0 | 0 |
| SL GREEN RLTY CORP | COM | 78440x887 |  | 246857 | 3988 | SH |  | SOLE |  | 3988 | 0 | 0 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 21335 | 21551 | SH |  | SOLE |  | 21551 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 1326061 | 5926 | SH |  | SOLE |  | 5926 | 0 | 0 |
| SONDER HOLDINGS INC | CLASS A COM | 83542D102 |  | 135000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SPDR GOLD TRUST | GOLD SHS | 78463v107 |  | 4596023 | 15077 | SH |  | SOLE |  | 15077 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 |  | 762317 | 23341 | SH |  | SOLE |  | 23341 | 0 | 0 |
| SPDR INDEX SHS FDS EURO STOXX | EURO STOXX 50 ETF | 78463x202 |  | 544023 | 9108 | SH |  | SOLE |  | 9108 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 624597910 | 1010922 | SH |  | SOLE |  | 1010922 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 936155 | 1220 | SH |  | SOLE |  | 1220 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 414726 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 225509 | 570 | SH |  | SOLE |  | 570 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 217450 | 2871 | SH |  | SOLE |  | 2871 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 297330 | 936 | SH |  | SOLE |  | 936 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 1328213 | 29989 | SH |  | SOLE |  | 29989 | 0 | 0 |
| TOURMALINE BIO INC | COM | 89157D105 |  | 239850 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| TWILIO INC | CL A | 90138f102 |  | 425311 | 3420 | SH |  | SOLE |  | 3420 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353t100 |  | 628002 | 6731 | SH |  | SOLE |  | 6731 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 4483569 | 19487 | SH |  | SOLE |  | 19487 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 76352530 | 756415 | SH |  | SOLE |  | 756415 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 277029 | 888 | SH |  | SOLE |  | 888 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332u101 |  | 336791 | 13917 | SH |  | SOLE |  | 13917 | 0 | 0 |
| VANGUARD GROUP | DIV APP ETF | 921908844 |  | 307210 | 1501 | SH |  | SOLE |  | 1501 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 704070 | 1606 | SH |  | SOLE |  | 1606 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 6660106 | 23801 | SH |  | SOLE |  | 23801 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1419705 | 15941 | SH |  | SOLE |  | 15941 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 32925401 | 57964 | SH |  | SOLE |  | 57964 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1378955 | 5819 | SH |  | SOLE |  | 5819 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 32425653 | 106688 | SH |  | SOLE |  | 106688 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1373544 | 27771 | SH |  | SOLE |  | 27771 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 5649505 | 84045 | SH |  | SOLE |  | 84045 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2771662 | 21566 | SH |  | SOLE |  | 21566 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 2344191 | 46632 | SH |  | SOLE |  | 46632 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 284344 | 4837 | SH |  | SOLE |  | 4837 | 0 | 0 |
| VANGUARD STAR FD | VG TL INTL STK F | 921909768 |  | 3450268 | 49939 | SH |  | SOLE |  | 49939 | 0 | 0 |
| VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 |  | 1966537 | 34495 | SH |  | SOLE |  | 34495 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204a702 |  | 21212358 | 31981 | SH |  | SOLE |  | 31981 | 0 | 0 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 491882 | 2876 | SH |  | SOLE |  | 2876 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 685392 | 2380 | SH |  | SOLE |  | 2380 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 404877 | 9357 | SH |  | SOLE |  | 9357 | 0 | 0 |
| VISA INC | COM CL A | 92826c839 |  | 3809687 | 10730 | SH |  | SOLE |  | 10730 | 0 | 0 |
| WAL MART STORES INC | COM | 931142103 |  | 7713182 | 78883 | SH |  | SOLE |  | 78883 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 163763 | 14290 | SH |  | SOLE |  | 14290 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 1394809 | 17409 | SH |  | SOLE |  | 17409 | 0 | 0 |

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