# EDGAR Filing Document

**Accession Number:** 0001590491
**File Stem:** 0001590491-23-000002
**Filing Date:** 2023-1
**Character Count:** 36642
**Document Hash:** be2937a156dc3981198d8f0683a25017
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001590491-23-000002.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001590491-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**EFFECTIVENESS DATE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TELEMUS CAPITAL, LLC
- **CENTRAL INDEX KEY:** 0001590491
- **IRS NUMBER:** 463011400
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15624
- **FILM NUMBER:** 23523208

**BUSINESS ADDRESS:**
- **STREET 1:** TWO TOWNE SQUARE
- **STREET 2:** SUITE 800
- **CITY:** SOUTHFIELD
- **STATE:** MI
- **ZIP:** 48076
- **BUSINESS PHONE:** 248-827-1800

**MAIL ADDRESS:**
- **STREET 1:** TWO TOWNE SQUARE
- **STREET 2:** SUITE 800
- **CITY:** SOUTHFIELD
- **STATE:** MI
- **ZIP:** 48076

### 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:** TELEMUS CAPITAL LLC<br>**Address:** Two Towne Square<br>Suite 800<br>Southfield, MI 48076

**Form 13F File Number:** 028-15624

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:** Eric C. Oppenheim<br>**Title:** General Counsel and Chief Compliance Officer<br>**Phone:** 248-827-0103

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

Eric C. Oppenheim  Southfield, MI  01-11-2023<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:** 332

**Form 13F Information Table Value Total:** $1096393493

      (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 |  | 341510 | 2695 | SH |  | SOLE |  | 2452 | 0 | 243 |
| ABBOTT LABS | COM | 002824100 |  | 7426132 | 66110 | SH |  | SOLE |  | 63069 | 0 | 3041 |
| ABBVIE INC | COM | 00287Y109 |  | 2744955 | 16481 | SH |  | SOLE |  | 15416 | 0 | 1065 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 6892550 | 25603 | SH |  | SOLE |  | 24338 | 0 | 1265 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 9267290 | 27851 | SH |  | SOLE |  | 26139 | 0 | 1712 |
| AFLAC INC | COM | 001055102 |  | 666258 | 9023 | SH |  | SOLE |  | 8825 | 0 | 198 |
| AGREE RLTY CORP | COM | 008492100 |  | 339390 | 4795 | SH |  | SOLE |  | 2137 | 0 | 2658 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 3495703 | 11270 | SH |  | SOLE |  | 10155 | 0 | 1115 |
| ALCON AG | ORD SHS | H01301128 |  | 1602681 | 22472 | SH |  | SOLE |  | 18900 | 0 | 3572 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 351245 | 1591 | SH |  | SOLE |  | 1343 | 0 | 248 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6585184 | 75397 | SH |  | SOLE |  | 70259 | 0 | 5139 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7432759 | 84310 | SH |  | SOLE |  | 79160 | 0 | 5150 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1403812 | 30222 | SH |  | SOLE |  | 22771 | 0 | 7451 |
| AMAZON COM INC | COM | 023135106 |  | 11507433 | 133683 | SH |  | SOLE |  | 122189 | 0 | 11495 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1047286 | 6974 | SH |  | SOLE |  | 6671 | 0 | 303 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 1047647 | 16230 | SH |  | SOLE |  | 13618 | 0 | 2612 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 6237467 | 28547 | SH |  | SOLE |  | 26962 | 0 | 1585 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 730053 | 4613 | SH |  | SOLE |  | 4374 | 0 | 239 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 2320510 | 7223 | SH |  | SOLE |  | 6027 | 0 | 1196 |
| AMESITE INC | COM | 031094105 |  | 81049 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 7407004 | 26915 | SH |  | SOLE |  | 25757 | 0 | 1158 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1504596 | 19150 | SH |  | SOLE |  | 17234 | 0 | 1916 |
| ANSYS INC | COM | 03662Q105 |  | 3570694 | 14915 | SH |  | SOLE |  | 13732 | 0 | 1183 |
| APPLE INC | COM | 037833100 |  | 32900332 | 253821 | SH |  | SOLE |  | 240060 | 0 | 13762 |
| APPLIED MATLS INC | COM | 038222105 |  | 768068 | 7366 | SH |  | SOLE |  | 6559 | 0 | 808 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 537810 | 39000 | SH |  | SOLE |  | 39000 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 240230 | 2795 | SH |  | SOLE |  | 1591 | 0 | 1204 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 526769 | 28474 | SH |  | SOLE |  | 18194 | 0 | 10280 |
| ASHLAND INC | COM | 044186104 |  | 315447 | 2960 | SH |  | SOLE |  | 2960 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 426358 | 6022 | SH |  | SOLE |  | 5163 | 0 | 859 |
| AT INC | COM | 00206R102 |  | 502292 | 25719 | SH |  | SOLE |  | 21051 | 0 | 4668 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1069076 | 9500 | SH |  | SOLE |  | 8618 | 0 | 882 |
| AUDACY INC | CL A | 05070N103 |  | 3394 | 14577 | SH |  | SOLE |  | 14577 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 1212430 | 6477 | SH |  | SOLE |  | 5591 | 0 | 886 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 923655 | 3846 | SH |  | SOLE |  | 3788 | 0 | 58 |
| AUTOZONE INC | COM | 053332102 |  | 6376645 | 2564 | SH |  | SOLE |  | 2471 | 0 | 94 |
| BANK AMERICA CORP | COM | 060505104 |  | 701138 | 20376 | SH |  | SOLE |  | 14641 | 0 | 5735 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 759720 | 15844 | SH |  | SOLE |  | 13881 | 0 | 1963 |
| BAXTER INTL INC | COM | 071813109 |  | 787555 | 16255 | SH |  | SOLE |  | 15690 | 0 | 565 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6838450 | 21458 | SH |  | SOLE |  | 20132 | 0 | 1326 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 481955 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 4188752 | 50443 | SH |  | SOLE |  | 48296 | 0 | 2147 |
| BLACKROCK CAP INVT CORP | COM | 092533108 |  | 7273152 | 1992645 | SH |  | SOLE |  | 1970619 | 0 | 22026 |
| BLACKROCK ETF TRUST II | INTERMEDIA MUNI | 092528207 |  | 2536794 | 108410 | SH |  | SOLE |  | 103410 | 0 | 5000 |
| BLACKROCK INC | COM | 09247X101 |  | 8081242 | 10950 | SH |  | SOLE |  | 10197 | 0 | 754 |
| BLACKSTONE INC | COM | 09260D107 |  | 7597320 | 95902 | SH |  | SOLE |  | 90087 | 0 | 5815 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 244745 | 12861 | SH |  | SOLE |  | 11412 | 0 | 1449 |
| BOEING CO | COM | 097023105 |  | 628137 | 2949 | SH |  | SOLE |  | 2120 | 0 | 829 |
| BORGWARNER INC | COM | 099724106 |  | 5134828 | 119000 | SH |  | SOLE |  | 114193 | 0 | 4807 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1851718 | 25366 | SH |  | SOLE |  | 23313 | 0 | 2053 |
| BROADCOM INC | COM | 11135F101 |  | 551947 | 938 | SH |  | SOLE |  | 816 | 0 | 122 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 1177304 | 35730 | SH |  | SOLE |  | 0 | 0 | 35730 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 4498759 | 66906 | SH |  | SOLE |  | 64255 | 0 | 2651 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 243847 | 18252 | SH |  | SOLE |  | 18252 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 223234 | 1825 | SH |  | SOLE |  | 1825 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2140100 | 22047 | SH |  | SOLE |  | 19577 | 0 | 2470 |
| CATERPILLAR INC | COM | 149123101 |  | 209540 | 842 | SH |  | SOLE |  | 815 | 0 | 27 |
| CBRE GROUP INC | CL A | 12504L109 |  | 6709861 | 82920 | SH |  | SOLE |  | 79714 | 0 | 3206 |
| CDW CORP | COM | 12514G108 |  | 7508814 | 40983 | SH |  | SOLE |  | 37240 | 0 | 3743 |
| CELANESE CORP DEL | COM | 150870103 |  | 6312025 | 54125 | SH |  | SOLE |  | 51433 | 0 | 2692 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2505033 | 14188 | SH |  | SOLE |  | 12292 | 0 | 1896 |
| CHUBB LIMITED | COM | H1467J104 |  | 8506743 | 37170 | SH |  | SOLE |  | 35566 | 0 | 1605 |
| CIGNA CORP NEW | COM | 125523100 |  | 433438 | 1432 | SH |  | SOLE |  | 1269 | 0 | 163 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 1046557 | 9537 | SH |  | SOLE |  | 8306 | 0 | 1231 |
| CISCO SYS INC | COM | 17275R102 |  | 2317823 | 47968 | SH |  | SOLE |  | 42631 | 0 | 5337 |
| CITIGROUP INC | COM NEW | 172967424 |  | 220323 | 4657 | SH |  | SOLE |  | 4001 | 0 | 656 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 225286 | 4041 | SH |  | SOLE |  | 3512 | 0 | 529 |
| CME GROUP INC | COM | 12572Q105 |  | 358759 | 2049 | SH |  | SOLE |  | 1650 | 0 | 399 |
| CMS ENERGY CORP | COM | 125896100 |  | 1396995 | 21679 | SH |  | SOLE |  | 21167 | 0 | 512 |
| COCA COLA CO | COM | 191216100 |  | 2873278 | 45320 | SH |  | SOLE |  | 42007 | 0 | 3313 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 609368 | 7619 | SH |  | SOLE |  | 7619 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 504884 | 13325 | SH |  | SOLE |  | 9980 | 0 | 3345 |
| COMERICA INC | COM | 200340107 |  | 698849 | 10338 | SH |  | SOLE |  | 9489 | 0 | 849 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 808986 | 11640 | SH |  | SOLE |  | 10607 | 0 | 1033 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 5611833 | 26195 | SH |  | SOLE |  | 24995 | 0 | 1200 |
| COPART INC | COM | 217204106 |  | 25161138 | 403288 | SH |  | SOLE |  | 0 | 0 | 403288 |
| CORTEVA INC | COM | 22052L104 |  | 2173175 | 35620 | SH |  | SOLE |  | 31267 | 0 | 4353 |
| COSTAR GROUP INC | COM | 22160N109 |  | 343955 | 4460 | SH |  | SOLE |  | 3877 | 0 | 583 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 772109 | 1599 | SH |  | SOLE |  | 1451 | 0 | 148 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1404750 | 57904 | SH |  | SOLE |  | 49776 | 0 | 8128 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1803183 | 12375 | SH |  | SOLE |  | 11587 | 0 | 788 |
| CSX CORP | COM | 126408103 |  | 2151024 | 66802 | SH |  | SOLE |  | 58012 | 0 | 8790 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1137315 | 8441 | SH |  | SOLE |  | 7337 | 0 | 1104 |
| CVS HEALTH CORP | COM | 126650100 |  | 2621644 | 28621 | SH |  | SOLE |  | 25888 | 0 | 2733 |
| DANAHER CORPORATION | COM | 235851102 |  | 2069395 | 8196 | SH |  | SOLE |  | 6894 | 0 | 1302 |
| DEERE  CO | COM | 244199105 |  | 231147 | 542 | SH |  | SOLE |  | 319 | 0 | 223 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1747691 | 9768 | SH |  | SOLE |  | 8613 | 0 | 1155 |
| DISNEY WALT CO | COM | 254687106 |  | 4170330 | 44403 | SH |  | SOLE |  | 39004 | 0 | 5399 |
| DTE ENERGY CO | COM | 233331107 |  | 452732 | 3790 | SH |  | SOLE |  | 3790 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 361188 | 3434 | SH |  | SOLE |  | 2651 | 0 | 783 |
| EATON CORP PLC | SHS | G29183103 |  | 797928 | 4953 | SH |  | SOLE |  | 3865 | 0 | 1088 |
| ECOLAB INC | COM | 278865100 |  | 1070379 | 7162 | SH |  | SOLE |  | 6624 | 0 | 538 |
| EDWARDS LIFESCIENCES CORP | COM | 28176e108 |  | 685466 | 8901 | SH |  | SOLE |  | 8535 | 0 | 366 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 479759 | 1009 | SH |  | SOLE |  | 827 | 0 | 182 |
| EMERSON ELEC CO | COM | 291011104 |  | 415210 | 4239 | SH |  | SOLE |  | 3945 | 0 | 294 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 313091 | 1340 | SH |  | SOLE |  | 1275 | 0 | 65 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 344550 | 13782 | SH |  | SOLE |  | 13782 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 4643605 | 36429 | SH |  | SOLE |  | 34789 | 0 | 1640 |
| EQUIFAX INC | COM | 294429105 |  | 1180248 | 5768 | SH |  | SOLE |  | 5398 | 0 | 370 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 1087422 | 16579 | SH |  | SOLE |  | 14845 | 0 | 1734 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 589682 | 9934 | SH |  | SOLE |  | 9384 | 0 | 550 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 309910 | 3612 | SH |  | SOLE |  | 3491 | 0 | 121 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1813134 | 16404 | SH |  | SOLE |  | 13117 | 0 | 3287 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 211533 | 523 | SH |  | SOLE |  | 459 | 0 | 64 |
| FASTENAL CO | COM | 311900104 |  | 1224958 | 25729 | SH |  | SOLE |  | 24097 | 0 | 1632 |
| FEDEX CORP | COM | 31428X106 |  | 481702 | 2593 | SH |  | SOLE |  | 2506 | 0 | 87 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 247564 | 7182 | SH |  | SOLE |  | 7182 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 1549397 | 12245 | SH |  | SOLE |  | 11071 | 0 | 1174 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 452466 | 8051 | SH |  | SOLE |  | 2444 | 0 | 5607 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 294724 | 10940 | SH |  | SOLE |  | 10507 | 0 | 433 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 18854729 | 416403 | SH |  | SOLE |  | 406856 | 0 | 9547 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 1438490 | 30176 | SH |  | SOLE |  | 29906 | 0 | 270 |
| FIRST TR EXCHNG TRADED FD VI | TCW SECURITIZED | 33740U109 |  | 1253003 | 58117 | SH |  | SOLE |  | 42101 | 0 | 16016 |
| FIRST TR MLP  ENERGY INCOM | COM | 33739B104 |  | 104238 | 13245 | SH |  | SOLE |  | 13245 | 0 | 0 |
| FOCUS FINL PARTNERS INC | COM CL A | 34417P100 |  | 1981167 | 49616 | SH |  | SOLE |  | 49616 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 220603 | 17536 | SH |  | SOLE |  | 17436 | 0 | 100 |
| FORTIVE CORP | COM | 34959J108 |  | 1922287 | 29330 | SH |  | SOLE |  | 26966 | 0 | 2364 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 5715159 | 286044 | SH |  | SOLE |  | 286044 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 823738 | 280183 | SH |  | SOLE |  | 278783 | 0 | 1400 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1450296 | 14395 | SH |  | SOLE |  | 13918 | 0 | 477 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1365359 | 5500 | SH |  | SOLE |  | 4692 | 0 | 808 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 831563 | 2389 | SH |  | SOLE |  | 1090 | 0 | 1299 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 1275347 | 27587 | SH |  | SOLE |  | 25179 | 0 | 2408 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 254216 | 3222 | SH |  | SOLE |  | 2985 | 0 | 237 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 229577 | 902 | SH |  | SOLE |  | 899 | 0 | 3 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 135500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 257114 | 1974 | SH |  | SOLE |  | 1886 | 0 | 88 |
| HOME DEPOT INC | COM | 437076102 |  | 13273001 | 41801 | SH |  | SOLE |  | 40151 | 0 | 1650 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4820951 | 22927 | SH |  | SOLE |  | 21181 | 0 | 1746 |
| HUMANA INC | COM | 444859102 |  | 1344634 | 2730 | SH |  | SOLE |  | 2533 | 0 | 197 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 456623 | 2012 | SH |  | SOLE |  | 2012 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 280397 | 1389 | SH |  | SOLE |  | 1389 | 0 | 0 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 330693 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1691278 | 58868 | SH |  | SOLE |  | 54156 | 0 | 4712 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 660158 | 4594 | SH |  | SOLE |  | 4401 | 0 | 193 |
| INTUIT | COM | 461202103 |  | 2138986 | 5534 | SH |  | SOLE |  | 4543 | 0 | 991 |
| INVESCO CURRENCYSHARES SWISS | SWISS FRANC | 46138R108 |  | 307584 | 3200 | SH |  | SOLE |  | 1350 | 0 | 1850 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 775220 | 11943 | SH |  | SOLE |  | 10443 | 0 | 1500 |
| INVESCO EXCH TRADED FD TR II | EMRNG MKT SVRG | 46138E784 |  | 207054 | 10706 | SH |  | SOLE |  | 10706 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | TREAS COLATERL | 46138G888 |  | 3803819 | 36079 | SH |  | SOLE |  | 34228 | 0 | 1851 |
| INVESCO EXCHANGE TRADED FD T | FTSE RAFI 1000 | 46137V613 |  | 269653 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090e103 |  | 2601446 | 9678 | SH |  | SOLE |  | 9578 | 0 | 100 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 21842880 | 443600 | SH |  | SOLE |  | 425490 | 0 | 18110 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 21201907 | 420339 | SH |  | SOLE |  | 414557 | 0 | 5782 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 20110362 | 273759 | SH |  | SOLE |  | 264255 | 0 | 9504 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 759163 | 8719 | SH |  | SOLE |  | 8719 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 350760 | 6571 | SH |  | SOLE |  | 5983 | 0 | 588 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 438460 | 5096 | SH |  | SOLE |  | 5096 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 14056100 | 280114 | SH |  | SOLE |  | 275788 | 0 | 4326 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 652163 | 6117 | SH |  | SOLE |  | 3767 | 0 | 2350 |
| ISHARES TR | MBS ETF | 464288588 |  | 1836857 | 19370 | SH |  | SOLE |  | 19280 | 0 | 90 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 5135229 | 44083 | SH |  | SOLE |  | 37412 | 0 | 6671 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 1060656 | 10237 | SH |  | SOLE |  | 10079 | 0 | 158 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 1686679 | 35652 | SH |  | SOLE |  | 34337 | 0 | 1315 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 823046 | 16366 | SH |  | SOLE |  | 16366 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 2854656 | 60136 | SH |  | SOLE |  | 57580 | 0 | 2556 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 1554207 | 17885 | SH |  | SOLE |  | 17805 | 0 | 80 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 2590670 | 26145 | SH |  | SOLE |  | 25046 | 0 | 1099 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 602941 | 4864 | SH |  | SOLE |  | 2964 | 0 | 1900 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 6384222 | 59168 | SH |  | SOLE |  | 54295 | 0 | 4873 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 8898231 | 35879 | SH |  | SOLE |  | 34450 | 0 | 1429 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 39539978 | 407461 | SH |  | SOLE |  | 396799 | 0 | 10662 |
| ISHARES TR | CORE S ETF | 464287200 |  | 20003489 | 51313 | SH |  | SOLE |  | 49950 | 0 | 1363 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 39361114 | 184422 | SH |  | SOLE |  | 180305 | 0 | 4117 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 28464438 | 183133 | SH |  | SOLE |  | 178346 | 0 | 4787 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 20596376 | 95842 | SH |  | SOLE |  | 89296 | 0 | 6546 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 16634798 | 93675 | SH |  | SOLE |  | 82296 | 0 | 11379 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 1079589 | 14854 | SH |  | SOLE |  | 10208 | 0 | 4646 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 3194170 | 46883 | SH |  | SOLE |  | 44077 | 0 | 2806 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2649782 | 38453 | SH |  | SOLE |  | 32653 | 0 | 5800 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 615347 | 2170 | SH |  | SOLE |  | 245 | 0 | 1925 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 351026 | 3535 | SH |  | SOLE |  | 3224 | 0 | 311 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2952318 | 73679 | SH |  | SOLE |  | 58501 | 0 | 15178 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 438586 | 1206 | SH |  | SOLE |  | 1162 | 0 | 44 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 312145 | 1231 | SH |  | SOLE |  | 981 | 0 | 250 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 6722547 | 82465 | SH |  | SOLE |  | 51730 | 0 | 30735 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 794714 | 8078 | SH |  | SOLE |  | 3548 | 0 | 4530 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 301883 | 6025 | SH |  | SOLE |  | 6025 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 19578486 | 195375 | SH |  | SOLE |  | 184082 | 0 | 11293 |
| ISHARES U S ETF TR | BLOOMBERG ROLL | 46431W598 |  | 3458205 | 65858 | SH |  | SOLE |  | 64278 | 0 | 1580 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3588022 | 19906 | SH |  | SOLE |  | 18109 | 0 | 1797 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 464141 | 6912 | SH |  | SOLE |  | 5907 | 0 | 1005 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 13360903 | 96860 | SH |  | SOLE |  | 82648 | 0 | 14212 |
| KKR REAL ESTATE FIN TR INC | COM | 48251K100 |  | 153331 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| LANNET INC | COM | 516012101 |  | 4186315 | 7398931 | SH |  | SOLE |  | 824715 | 0 | 6574216 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 294148 | 1115 | SH |  | SOLE |  | 1045 | 0 | 70 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 216414 | 6399 | SH |  | SOLE |  | 5912 | 0 | 487 |
| LENNAR CORP | CL A | 526057104 |  | 1604745 | 16776 | SH |  | SOLE |  | 15133 | 0 | 1643 |
| LILLY ELI  CO | COM | 532457108 |  | 1007884 | 2777 | SH |  | SOLE |  | 2514 | 0 | 263 |
| LINDE PLC | SHS | G5494J103 |  | 2217449 | 7014 | SH |  | SOLE |  | 6383 | 0 | 631 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1624160 | 3432 | SH |  | SOLE |  | 3136 | 0 | 296 |
| LOWES COS INC | COM | 548661107 |  | 206396 | 1027 | SH |  | SOLE |  | 814 | 0 | 213 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 937403 | 2847 | SH |  | SOLE |  | 2331 | 0 | 516 |
| MARATHON PETE CORP | COM | 56585A102 |  | 252798 | 2164 | SH |  | SOLE |  | 1698 | 0 | 466 |
| MARKEL CORP | COM | 570535104 |  | 2624045 | 1896 | SH |  | SOLE |  | 1725 | 0 | 171 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1528605 | 4353 | SH |  | SOLE |  | 3852 | 0 | 501 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 9551208 | 25978 | SH |  | SOLE |  | 23773 | 0 | 2204 |
| MCDONALDS CORP | COM | 580135101 |  | 8377014 | 31087 | SH |  | SOLE |  | 29293 | 0 | 1794 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 148320 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1525325 | 18864 | SH |  | SOLE |  | 16707 | 0 | 2157 |
| MERCK  CO INC | COM | 58933Y105 |  | 3322321 | 28930 | SH |  | SOLE |  | 26594 | 0 | 2336 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1824181 | 14030 | SH |  | SOLE |  | 12356 | 0 | 1674 |
| METLIFE INC | COM | 59156R108 |  | 362602 | 4928 | SH |  | SOLE |  | 4337 | 0 | 591 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 1324907 | 914 | SH |  | SOLE |  | 813 | 0 | 101 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 12164623 | 327006 | SH |  | SOLE |  | 326989 | 0 | 17 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 5713691 | 78517 | SH |  | SOLE |  | 71808 | 0 | 6709 |
| MICROSOFT CORP | COM | 594918104 |  | 28730138 | 127729 | SH |  | SOLE |  | 117561 | 0 | 10168 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 766787 | 110488 | SH |  | SOLE |  | 100516 | 0 | 9972 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1804639 | 26531 | SH |  | SOLE |  | 25096 | 0 | 1435 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 224879 | 612 | SH |  | SOLE |  | 488 | 0 | 124 |
| MOODYS CORP | COM | 615369105 |  | 1606786 | 5546 | SH |  | SOLE |  | 5070 | 0 | 476 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 7878007 | 89973 | SH |  | SOLE |  | 86464 | 0 | 3509 |
| MSCI INC | COM | 55354G100 |  | 316582 | 675 | SH |  | SOLE |  | 548 | 0 | 127 |
| NEXPOINT RESIDENTIAL TR INC | COM | 65341D102 |  | 641731 | 15096 | SH |  | SOLE |  | 0 | 0 | 15096 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4448340 | 53178 | SH |  | SOLE |  | 46250 | 0 | 6928 |
| NEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 65341B106 |  | 1058940 | 14730 | SH |  | SOLE |  | 13581 | 0 | 1149 |
| NIKE INC | CL B | 654106103 |  | 6919515 | 55565 | SH |  | SOLE |  | 52561 | 0 | 3005 |
| NORTHERN TR CORP | COM | 665859104 |  | 345546 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1515310 | 16419 | SH |  | SOLE |  | 14562 | 0 | 1857 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2971354 | 19997 | SH |  | SOLE |  | 18894 | 0 | 1103 |
| OLO INC | CL A | 68134L109 |  | 160947 | 23844 | SH |  | SOLE |  | 23844 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3382371 | 39486 | SH |  | SOLE |  | 36528 | 0 | 2958 |
| OSHKOSH CORP | COM | 688239201 |  | 715313 | 7724 | SH |  | SOLE |  | 6866 | 0 | 858 |
| PACCAR INC | COM | 693718108 |  | 260230 | 2594 | SH |  | SOLE |  | 2500 | 0 | 94 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1821260 | 5903 | SH |  | SOLE |  | 5000 | 0 | 903 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 894357 | 11694 | SH |  | SOLE |  | 10334 | 0 | 1360 |
| PEPSICO INC | COM | 713448108 |  | 5897967 | 32567 | SH |  | SOLE |  | 31179 | 0 | 1388 |
| PFIZER INC | COM | 717081103 |  | 2531493 | 49715 | SH |  | SOLE |  | 47245 | 0 | 2470 |
| PG CORP | COM | 69331C108 |  | 21059700 | 1325343 | SH |  | SOLE |  | 1325343 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1061497 | 10257 | SH |  | SOLE |  | 9227 | 0 | 1030 |
| PHILLIPS 66 | COM | 718546104 |  | 1808447 | 17109 | SH |  | SOLE |  | 15145 | 0 | 1964 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 344503 | 3792 | SH |  | SOLE |  | 0 | 0 | 3792 |
| PIONEER NAT RES CO | COM | 723787107 |  | 324976 | 1392 | SH |  | SOLE |  | 591 | 0 | 801 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1453252 | 8850 | SH |  | SOLE |  | 7807 | 0 | 1043 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4852754 | 31528 | SH |  | SOLE |  | 28809 | 0 | 2719 |
| PROSHARES TR | SHORT S 500 NE | 74347B425 |  | 15649832 | 991123 | SH |  | SOLE |  | 769186 | 0 | 221937 |
| PROTERRA INC | COM | 74374T109 |  | 54728 | 14953 | SH |  | SOLE |  | 14953 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 530685 | 10985 | SH |  | SOLE |  | 10686 | 0 | 299 |
| QUALCOMM INC | COM | 747525103 |  | 2428742 | 21057 | SH |  | SOLE |  | 19408 | 0 | 1649 |
| RAYONIER INC | COM | 754907103 |  | 376682 | 10931 | SH |  | SOLE |  | 10296 | 0 | 635 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513e101 |  | 851340 | 8309 | SH |  | SOLE |  | 6118 | 0 | 2191 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 256304 | 2034 | SH |  | SOLE |  | 2000 | 0 | 34 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 443764 | 602 | SH |  | SOLE |  | 567 | 0 | 35 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 5948042 | 696492 | SH |  | SOLE |  | 696376 | 0 | 116 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 468695 | 1752 | SH |  | SOLE |  | 1168 | 0 | 584 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 2302218 | 5189 | SH |  | SOLE |  | 4839 | 0 | 351 |
| RPM INTL INC | COM | 749685103 |  | 1388858 | 16041 | SH |  | SOLE |  | 13799 | 0 | 2242 |
| S GLOBAL INC | COM | 78409V104 |  | 240705 | 692 | SH |  | SOLE |  | 527 | 0 | 165 |
| SALESFORCE INC | COM | 79466L302 |  | 1989762 | 14161 | SH |  | SOLE |  | 13213 | 0 | 948 |
| SAP SE | SPON ADR | 803054204 |  | 2385331 | 21862 | SH |  | SOLE |  | 20184 | 0 | 1678 |
| SAVARA INC | COM | 805111101 |  | 43872 | 25214 | SH |  | SOLE |  | 25214 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3348760 | 39612 | SH |  | SOLE |  | 36410 | 0 | 3202 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 217648 | 5261 | SH |  | SOLE |  | 5261 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 374346 | 5564 | SH |  | SOLE |  | 4659 | 0 | 905 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 391482 | 4871 | SH |  | SOLE |  | 4777 | 0 | 94 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 237824 | 6722 | SH |  | SOLE |  | 6215 | 0 | 507 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 934851 | 7495 | SH |  | SOLE |  | 6569 | 0 | 926 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 323968 | 2453 | SH |  | SOLE |  | 2224 | 0 | 229 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 318836 | 8417 | SH |  | SOLE |  | 7594 | 0 | 823 |
| SERVICENOW INC | COM | 81762P102 |  | 295790 | 807 | SH |  | SOLE |  | 639 | 0 | 168 |
| SHOCKWAVE MED INC | COM | 82489T104 |  | 217996 | 1047 | SH |  | SOLE |  | 1000 | 0 | 47 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 125149 | 45842 | SH |  | SOLE |  | 45842 | 0 | 0 |
| SMILEDIRECTCLUB INC | CL A COM | 83192H106 |  | 34283 | 83514 | SH |  | SOLE |  | 83514 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 268565 | 953 | SH |  | SOLE |  | 923 | 0 | 30 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 |  | 1584501 | 19468 | SH |  | SOLE |  | 17633 | 0 | 1835 |
| SORRENTO THERAPEUTICS INC | COM NEW | 83587F202 |  | 15245 | 13373 | SH |  | SOLE |  | 13373 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 519532 | 7253 | SH |  | SOLE |  | 6017 | 0 | 1236 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 200552 | 5717 | SH |  | SOLE |  | 5500 | 0 | 217 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 979103 | 2912 | SH |  | SOLE |  | 2912 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 354368 | 2040 | SH |  | SOLE |  | 2040 | 0 | 0 |
| SPDR INDEX SHS FDS | S NORTH AMER | 78463X152 |  | 282597 | 5069 | SH |  | SOLE |  | 5069 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 22387777 | 57689 | SH |  | SOLE |  | 51710 | 0 | 5979 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 7457387 | 16421 | SH |  | SOLE |  | 14355 | 0 | 2066 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 |  | 1282470 | 27125 | SH |  | SOLE |  | 27125 | 0 | 0 |
| SPDR SER TR | S CAP MKTS | 78464A771 |  | 260310 | 3172 | SH |  | SOLE |  | 3091 | 0 | 81 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 789191 | 6167 | SH |  | SOLE |  | 6167 | 0 | 0 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 |  | 288392 | 9776 | SH |  | SOLE |  | 9776 | 0 | 0 |
| SPDR SER TR | PORT MTG BK ETF | 78464A383 |  | 1670022 | 75328 | SH |  | SOLE |  | 72717 | 0 | 2611 |
| SPDR SER TR | COMP SOFTWARE | 78464A599 |  | 798353 | 7410 | SH |  | SOLE |  | 6434 | 0 | 976 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 3372521 | 110647 | SH |  | SOLE |  | 109643 | 0 | 1004 |
| SPDR SER TR | PORTFOLIO SH TSR | 78468R101 |  | 27107642 | 934102 | SH |  | SOLE |  | 924656 | 0 | 9446 |
| SPDR SER TR | S BK ETF | 78464A797 |  | 273708 | 5918 | SH |  | SOLE |  | 5153 | 0 | 765 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 1329990 | 14537 | SH |  | SOLE |  | 14537 | 0 | 0 |
| SPDR SER TR | S INTERNET ETF | 78468R127 |  | 323243 | 5146 | SH |  | SOLE |  | 4524 | 0 | 622 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 219042 | 2622 | SH |  | SOLE |  | 2622 | 0 | 0 |
| SPROTT PHYSICAL GOLD  SILVE | TR UNIT | 85208R101 |  | 3111885 | 170795 | SH |  | SOLE |  | 149762 | 0 | 21033 |
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 |  | 3066820 | 211651 | SH |  | SOLE |  | 189693 | 0 | 21958 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 92011 | 11180 | SH |  | SOLE |  | 11180 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 3454286 | 64687 | SH |  | SOLE |  | 62034 | 0 | 2653 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 419446 | 10078 | SH |  | SOLE |  | 10078 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 2340109 | 21934 | SH |  | SOLE |  | 20603 | 0 | 1331 |
| STRYKER CORPORATION | COM | 863667101 |  | 338250 | 1320 | SH |  | SOLE |  | 1264 | 0 | 56 |
| SYSCO CORP | COM | 871829107 |  | 1185136 | 15057 | SH |  | SOLE |  | 12969 | 0 | 2088 |
| TARGET CORP | COM | 87612e106 |  | 1527351 | 9537 | SH |  | SOLE |  | 9537 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 412669 | 3650 | SH |  | SOLE |  | 3620 | 0 | 30 |
| TEXAS INSTRS INC | COM | 882508104 |  | 9007873 | 51427 | SH |  | SOLE |  | 48175 | 0 | 3252 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 10216767 | 19097 | SH |  | SOLE |  | 18136 | 0 | 961 |
| TJX COS INC NEW | COM | 872540109 |  | 5650686 | 68311 | SH |  | SOLE |  | 64754 | 0 | 3557 |
| T-MOBILE US INC | COM | 872590104 |  | 305163 | 2054 | SH |  | SOLE |  | 1907 | 0 | 147 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 2193037 | 3379 | SH |  | SOLE |  | 3032 | 0 | 347 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 372874 | 14124 | SH |  | SOLE |  | 12594 | 0 | 1530 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 9153125 | 18680 | SH |  | SOLE |  | 17473 | 0 | 1207 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1553003 | 33535 | SH |  | SOLE |  | 30205 | 0 | 3330 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 304996 | 2391 | SH |  | SOLE |  | 2315 | 0 | 76 |
| VANECK ETF TRUST | BIOTECH ETF | 92189F726 |  | 516644 | 3177 | SH |  | SOLE |  | 657 | 0 | 2520 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 12434459 | 164043 | SH |  | SOLE |  | 154151 | 0 | 9892 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 393675 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 386225 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 319512 | 1492 | SH |  | SOLE |  | 1492 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 413005 | 7915 | SH |  | SOLE |  | 7561 | 0 | 354 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1070341 | 26112 | SH |  | SOLE |  | 23724 | 0 | 2388 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 867180 | 12103 | SH |  | SOLE |  | 12103 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 515265 | 9321 | SH |  | SOLE |  | 9318 | 0 | 3 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 561090 | 9662 | SH |  | SOLE |  | 8905 | 0 | 757 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 588700 | 12652 | SH |  | SOLE |  | 11801 | 0 | 851 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 5536653 | 127221 | SH |  | SOLE |  | 112689 | 0 | 14532 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 631500 | 5701 | SH |  | SOLE |  | 5451 | 0 | 250 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 216027 | 675 | SH |  | SOLE |  | 611 | 0 | 64 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 231280 | 2684 | SH |  | SOLE |  | 2496 | 0 | 188 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 746552 | 17695 | SH |  | SOLE |  | 15028 | 0 | 2667 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 565910 | 1950 | SH |  | SOLE |  | 1759 | 0 | 191 |
| VICI PPTYS INC | COM | 925652109 |  | 222918 | 7010 | SH |  | SOLE |  | 6830 | 0 | 180 |
| VISA INC | COM CL A | 92826C839 |  | 6414327 | 29457 | SH |  | SOLE |  | 27820 | 0 | 1637 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 789934 | 21577 | SH |  | SOLE |  | 20294 | 0 | 1283 |
| WALMART INC | COM | 931142103 |  | 2678148 | 18246 | SH |  | SOLE |  | 15606 | 0 | 2640 |
| WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 958102AP0 |  | 6991737 | 7268000 | PRN |  | SOLE |  | 7223000 | 0 | 45000 |
| WILLIAMS COS INC | COM | 969457100 |  | 5515078 | 169382 | SH |  | SOLE |  | 161513 | 0 | 7869 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 708337 | 2795 | SH |  | SOLE |  | 2560 | 0 | 235 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 207803 | 2433 | SH |  | SOLE |  | 2048 | 0 | 385 |
| WISDOMTREE TR | CHINESE YUAN FD | 97717W182 |  | 263633 | 10381 | SH |  | SOLE |  | 3245 | 0 | 7136 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1151509 | 16152 | SH |  | SOLE |  | 14037 | 0 | 2115 |
| XYLEM INC | COM | 98419M100 |  | 2066615 | 18573 | SH |  | SOLE |  | 16644 | 0 | 1929 |

---