# EDGAR Filing Document

**Accession Number:** 0001388409
**File Stem:** 0001951757-25-001264
**Filing Date:** 2025-11
**Character Count:** 23300
**Document Hash:** 9aec645ae51d4e5dc782fce53e63667c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001264.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001951757-25-001264

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**EFFECTIVENESS DATE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NOVARE CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001388409

**ORGANIZATION NAME:**
- **EIN:** 562170373
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12095
- **FILM NUMBER:** 251442471

**BUSINESS ADDRESS:**
- **STREET 1:** 521 EAST MOREHEAD STREET
- **STREET 2:** SUITE 510
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704 334 3698

**MAIL ADDRESS:**
- **STREET 1:** 521 EAST MOREHEAD STREET
- **STREET 2:** SUITE 510
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** NOVARE CAPITAL MANAGEMENT LLC<br>**Address:** 521 EAST MOREHEAD STREET<br>SUITE 510<br>CHARLOTTE, NC 28202

**Form 13F File Number:** 028-12095

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:** John Wilks<br>**Title:** Chief Compliance Officer<br>**Phone:** (704) 334-3698

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

John Wilks  Charlotte, NC  11-03-2025<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:** 193

**Form 13F Information Table Value Total:** $1313212335

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 13803167 | 103055 | SH |  | SOLE |  | 91377 | 0 | 11678 |
| ABBVIE INC | COM | 00287Y109 |  | 13354962 | 57679 | SH |  | SOLE |  | 38775 | 0 | 18904 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 16050083 | 65085 | SH |  | SOLE |  | 50762 | 0 | 14323 |
| ADOBE INC | COM | 00724F101 |  | 10401176 | 29486 | SH |  | SOLE |  | 26972 | 0 | 2514 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1933067 | 11948 | SH |  | SOLE |  | 11948 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 42319941 | 174084 | SH |  | SOLE |  | 148631 | 0 | 25453 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1078196 | 4427 | SH |  | SOLE |  | 4385 | 0 | 42 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 11266720 | 240075 | SH |  | SOLE |  | 9075 | 0 | 231000 |
| AMAZON COM INC | COM | 023135106 |  | 29902464 | 136186 | SH |  | SOLE |  | 118530 | 0 | 17656 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 357049 | 3174 | SH |  | SOLE |  | 3174 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 265064 | 798 | SH |  | SOLE |  | 798 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 6537342 | 33992 | SH |  | SOLE |  | 28334 | 0 | 5658 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 12498383 | 25442 | SH |  | SOLE |  | 17217 | 0 | 8225 |
| AMETEK INC | COM | 031100100 |  | 13285401 | 70667 | SH |  | SOLE |  | 61149 | 0 | 9518 |
| AMGEN INC | COM | 031162100 |  | 366505 | 1299 | SH |  | SOLE |  | 1299 | 0 | 0 |
| APOLLO COML REAL EST FIN INC | COM | 03762U105 |  | 736198 | 72675 | SH |  | SOLE |  | 55425 | 0 | 17250 |
| APPLE INC | COM | 037833100 |  | 57933812 | 227522 | SH |  | SOLE |  | 187893 | 0 | 39629 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 262700 | 271 | SH |  | SOLE |  | 271 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 245400 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 993039 | 35164 | SH |  | SOLE |  | 34464 | 0 | 700 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 665925 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1325685 | 309 | SH |  | SOLE |  | 114 | 0 | 195 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 670720 | 524 | SH |  | SOLE |  | 509 | 0 | 15 |
| BANK AMERICA CORP | COM | 060505104 |  | 10131971 | 196394 | SH |  | SOLE |  | 162208 | 0 | 34186 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 16080099 | 147578 | SH |  | SOLE |  | 98454 | 0 | 49124 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 221833 | 1185 | SH |  | SOLE |  | 1030 | 0 | 155 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 25517072 | 50756 | SH |  | SOLE |  | 47043 | 0 | 3713 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 292820 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 231502 | 1355 | SH |  | SOLE |  | 1355 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 241303 | 1118 | SH |  | SOLE |  | 1118 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1976133 | 366 | SH |  | SOLE |  | 106 | 0 | 260 |
| BOWMAN CONSULTING GROUP LTD | COM | 103002101 |  | 1380936 | 32600 | SH |  | SOLE |  | 32600 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 209941 | 4655 | SH |  | SOLE |  | 4025 | 0 | 630 |
| BROADCOM INC | COM | 11135F101 |  | 45613149 | 138259 | SH |  | SOLE |  | 117542 | 0 | 20717 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 12469962 | 94184 | SH |  | SOLE |  | 61199 | 0 | 32985 |
| CARLISLE COS INC | COM | 142339100 |  | 8319399 | 25290 | SH |  | SOLE |  | 16983 | 0 | 8307 |
| CARLYLE SECURED LENDING INC | COM | 872280102 |  | 2558125 | 204650 | SH |  | SOLE |  | 161275 | 0 | 43375 |
| CATERPILLAR INC | COM | 149123101 |  | 434075 | 910 | SH |  | SOLE |  | 910 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 9670360 | 62273 | SH |  | SOLE |  | 53825 | 0 | 8448 |
| CISCO SYS INC | COM | 17275R102 |  | 13365739 | 195348 | SH |  | SOLE |  | 134993 | 0 | 60355 |
| COCA COLA CO | COM | 191216100 |  | 1089638 | 16430 | SH |  | SOLE |  | 16280 | 0 | 150 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 293492 | 9341 | SH |  | SOLE |  | 6174 | 0 | 3167 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2532524 | 2736 | SH |  | SOLE |  | 1596 | 0 | 1140 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 312373 | 637 | SH |  | SOLE |  | 547 | 0 | 90 |
| CSX CORP | COM | 126408103 |  | 10570298 | 297671 | SH |  | SOLE |  | 188061 | 0 | 109610 |
| CUMMINS INC | COM | 231021106 |  | 14964570 | 35430 | SH |  | SOLE |  | 23707 | 0 | 11723 |
| CVS HEALTH CORP | COM | 126650100 |  | 398060 | 5280 | SH |  | SOLE |  | 4280 | 0 | 1000 |
| DANAHER CORPORATION | COM | 235851102 |  | 205946 | 1039 | SH |  | SOLE |  | 936 | 0 | 103 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2786480 | 16118 | SH |  | SOLE |  | 13189 | 0 | 2929 |
| DISNEY WALT CO | COM | 254687106 |  | 637215 | 5565 | SH |  | SOLE |  | 5565 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1597583 | 12910 | SH |  | SOLE |  | 11639 | 0 | 1271 |
| EATON CORP PLC | SHS | G29183103 |  | 285927 | 764 | SH |  | SOLE |  | 669 | 0 | 95 |
| ELI LILLY  CO | COM | 532457108 |  | 3148901 | 4127 | SH |  | SOLE |  | 3624 | 0 | 503 |
| EMERSON ELEC CO | COM | 291011104 |  | 25044250 | 190915 | SH |  | SOLE |  | 145526 | 0 | 45389 |
| ENOVA INTL INC | COM | 29357K103 |  | 402815 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| ETF OPPORTUNITIES TRUST | APPLIED FINA VAL | 26923N405 |  | 34099310 | 798728 | SH |  | SOLE |  | 741945 | 0 | 56783 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1566774 | 13896 | SH |  | SOLE |  | 9805 | 0 | 4091 |
| FIDUS INVT CORP | COM | 316500107 |  | 4048739 | 199839 | SH |  | SOLE |  | 176139 | 0 | 23700 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 357158 | 8017 | SH |  | SOLE |  | 1117 | 0 | 6900 |
| FORTINET INC | COM | 34959E109 |  | 454621 | 5407 | SH |  | SOLE |  | 2300 | 0 | 3107 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 497234 | 5985 | SH |  | SOLE |  | 5185 | 0 | 800 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 13882813 | 106561 | SH |  | SOLE |  | 99735 | 0 | 6826 |
| HERSHEY CO | COM | 427866108 |  | 260935 | 1395 | SH |  | SOLE |  | 1395 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 13907020 | 34322 | SH |  | SOLE |  | 30656 | 0 | 3666 |
| HONEYWELL INTL INC | COM | 438516106 |  | 12285108 | 58362 | SH |  | SOLE |  | 49616 | 0 | 8746 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 11067549 | 65691 | SH |  | SOLE |  | 56628 | 0 | 9063 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 800746 | 2838 | SH |  | SOLE |  | 2338 | 0 | 500 |
| INTUIT | COM | 461202103 |  | 1880556 | 2754 | SH |  | SOLE |  | 2384 | 0 | 370 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 226746 | 507 | SH |  | SOLE |  | 497 | 0 | 10 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 |  | 3635616 | 193281 | SH |  | SOLE |  | 183222 | 0 | 10059 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2031 CP | 46138J429 |  | 2977481 | 178506 | SH |  | SOLE |  | 170700 | 0 | 7806 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHARES | 46139W759 |  | 535010 | 25721 | SH |  | SOLE |  | 23721 | 0 | 2000 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHARES 203 | 46139W783 |  | 1288905 | 61318 | SH |  | SOLE |  | 54568 | 0 | 6750 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHS 2032 | 46139W858 |  | 2374161 | 113705 | SH |  | SOLE |  | 104665 | 0 | 9040 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 CB | 46138J825 |  | 760027 | 36734 | SH |  | SOLE |  | 28766 | 0 | 7968 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 2909159 | 148730 | SH |  | SOLE |  | 138192 | 0 | 10538 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 3507434 | 177952 | SH |  | SOLE |  | 157568 | 0 | 20384 |
| INVESCO EXCH TRD SLF IDX FD | INVESCO BULLETSH | 46139W825 |  | 2191272 | 102062 | SH |  | SOLE |  | 95952 | 0 | 6110 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 |  | 3245629 | 192049 | SH |  | SOLE |  | 175175 | 0 | 16874 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 3025662 | 147091 | SH |  | SOLE |  | 136926 | 0 | 10165 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 1762105 | 38976 | SH |  | SOLE |  | 38976 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 758611 | 3999 | SH |  | SOLE |  | 3495 | 0 | 504 |
| INVESCO LTD | SHS | G491BT108 |  | 504680 | 22000 | SH |  | SOLE |  | 0 | 0 | 22000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 10358952 | 17254 | SH |  | SOLE |  | 13217 | 0 | 4037 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 201562 | 4655 | SH |  | SOLE |  | 1655 | 0 | 3000 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 9265009 | 141971 | SH |  | SOLE |  | 134561 | 0 | 7410 |
| ISHARES TR | CORE S ETF | 464287200 |  | 46901233 | 70075 | SH |  | SOLE |  | 59641 | 0 | 10434 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 305032 | 2095 | SH |  | SOLE |  | 2095 | 0 | 0 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 761132 | 15847 | SH |  | SOLE |  | 15847 | 0 | 0 |
| ISHARES TR | ESG AWRE 1 5 YR | 46435G243 |  | 762211 | 30115 | SH |  | SOLE |  | 30115 | 0 | 0 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 |  | 454717 | 3885 | SH |  | SOLE |  | 3885 | 0 | 0 |
| ISHARES TR | ESG SELECT SCRE | 46436E551 |  | 374129 | 8532 | SH |  | SOLE |  | 8532 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 1362869 | 11850 | SH |  | SOLE |  | 11475 | 0 | 375 |
| ISHARES TR | FALN ANGLS USD | 46435G474 |  | 2174591 | 78279 | SH |  | SOLE |  | 67204 | 0 | 11075 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 2704155 | 9974 | SH |  | SOLE |  | 5388 | 0 | 4586 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 233625 | 4375 | SH |  | SOLE |  | 4375 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 230866 | 632 | SH |  | SOLE |  | 632 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 368171 | 786 | SH |  | SOLE |  | 738 | 0 | 48 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 10072998 | 83441 | SH |  | SOLE |  | 64191 | 0 | 19250 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 422826 | 7405 | SH |  | SOLE |  | 7405 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 471089 | 8190 | SH |  | SOLE |  | 8190 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 4049168 | 79818 | SH |  | SOLE |  | 64768 | 0 | 15050 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 22518842 | 121448 | SH |  | SOLE |  | 92111 | 0 | 29337 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 25016252 | 79308 | SH |  | SOLE |  | 66617 | 0 | 12691 |
| KENVUE INC | COM | 49177J102 |  | 7819533 | 481795 | SH |  | SOLE |  | 297273 | 0 | 184522 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 507012 | 19875 | SH |  | SOLE |  | 18620 | 0 | 1255 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 200312 | 1611 | SH |  | SOLE |  | 1611 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 13545239 | 44351 | SH |  | SOLE |  | 27809 | 0 | 16542 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 881605 | 1766 | SH |  | SOLE |  | 1517 | 0 | 249 |
| LOWES COS INC | COM | 548661107 |  | 11965624 | 47613 | SH |  | SOLE |  | 31915 | 0 | 15698 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 209100 | 368 | SH |  | SOLE |  | 267 | 0 | 101 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 218984 | 6200 | SH |  | SOLE |  | 5500 | 0 | 700 |
| MCDONALDS CORP | COM | 580135101 |  | 357297 | 1176 | SH |  | SOLE |  | 1176 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 9382054 | 111784 | SH |  | SOLE |  | 74421 | 0 | 37363 |
| META PLATFORMS INC | CL A | 30303M102 |  | 16277042 | 22164 | SH |  | SOLE |  | 18823 | 0 | 3341 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 8568297 | 133421 | SH |  | SOLE |  | 87317 | 0 | 46104 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 355555 | 2125 | SH |  | SOLE |  | 2125 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 61987354 | 119678 | SH |  | SOLE |  | 99820 | 0 | 19858 |
| NETFLIX INC | COM | 64110L106 |  | 467579 | 390 | SH |  | SOLE |  | 364 | 0 | 26 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 8454845 | 112000 | SH |  | SOLE |  | 93098 | 0 | 18902 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 224494 | 4046 | SH |  | SOLE |  | 3227 | 0 | 819 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 41105887 | 220312 | SH |  | SOLE |  | 190323 | 0 | 29989 |
| ORACLE CORP | COM | 68389X105 |  | 1445012 | 5138 | SH |  | SOLE |  | 5058 | 0 | 80 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1514999 | 8305 | SH |  | SOLE |  | 8105 | 0 | 200 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1557693 | 7650 | SH |  | SOLE |  | 2295 | 0 | 5355 |
| PEPSICO INC | COM | 713448108 |  | 8608101 | 61294 | SH |  | SOLE |  | 53161 | 0 | 8133 |
| PIEDMONT REALTY TRUST INC | COM CL A | 720190206 |  | 123147 | 13683 | SH |  | SOLE |  | 0 | 0 | 13683 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1423300 | 9263 | SH |  | SOLE |  | 9148 | 0 | 115 |
| PROSHARES TR II | ULTRA VIX SHORT | 74347Y755 |  | 336168 | 32200 | SH |  | SOLE |  | 32200 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 296993 | 15582 | SH |  | SOLE |  | 15582 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 325179 | 1884 | SH |  | SOLE |  | 1884 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 9394122 | 154534 | SH |  | SOLE |  | 103920 | 0 | 50614 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 18638743 | 37375 | SH |  | SOLE |  | 28440 | 0 | 8935 |
| ROYAL BK CDA | COM | 780087102 |  | 1154547 | 7837 | SH |  | SOLE |  | 7837 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 17538259 | 104812 | SH |  | SOLE |  | 90031 | 0 | 14781 |
| RUBRIK INC. | CL A | 781154109 |  | 434280 | 5280 | SH |  | SOLE |  | 5280 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 8205414 | 34622 | SH |  | SOLE |  | 28509 | 0 | 6113 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1101247 | 11535 | SH |  | SOLE |  | 3835 | 0 | 7700 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4364257 | 169749 | SH |  | SOLE |  | 168907 | 0 | 842 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1930140 | 73278 | SH |  | SOLE |  | 73057 | 0 | 221 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1599530 | 53965 | SH |  | SOLE |  | 52690 | 0 | 1275 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 3167227 | 26757 | SH |  | SOLE |  | 22025 | 0 | 4732 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 6685759 | 74835 | SH |  | SOLE |  | 66865 | 0 | 7970 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 8317744 | 154404 | SH |  | SOLE |  | 135630 | 0 | 18774 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 959806 | 22782 | SH |  | SOLE |  | 20838 | 0 | 1944 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 17165174 | 71629 | SH |  | SOLE |  | 64363 | 0 | 7266 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 7724304 | 98562 | SH |  | SOLE |  | 87158 | 0 | 11404 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 507136 | 3644 | SH |  | SOLE |  | 3566 | 0 | 78 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 656517 | 7528 | SH |  | SOLE |  | 7075 | 0 | 453 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 308741 | 3445 | SH |  | SOLE |  | 1125 | 0 | 2320 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 12238080 | 43419 | SH |  | SOLE |  | 35850 | 0 | 7569 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 409872 | 2184 | SH |  | SOLE |  | 1484 | 0 | 700 |
| SOUTHERN CO | COM | 842587107 |  | 647251 | 6830 | SH |  | SOLE |  | 6700 | 0 | 130 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 251673 | 708 | SH |  | SOLE |  | 708 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 79620299 | 119518 | SH |  | SOLE |  | 114703 | 0 | 4815 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 322453 | 541 | SH |  | SOLE |  | 541 | 0 | 0 |
| SPDR SERIES TRUST | S 500 ESG ETF | 78468R531 |  | 323864 | 5093 | SH |  | SOLE |  | 5093 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 13100012 | 35437 | SH |  | SOLE |  | 30078 | 0 | 5359 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 436251 | 1562 | SH |  | SOLE |  | 1562 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 7625506 | 17147 | SH |  | SOLE |  | 16402 | 0 | 745 |
| TEXAS INSTRS INC | COM | 882508104 |  | 10172396 | 55366 | SH |  | SOLE |  | 36046 | 0 | 19320 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 12259006 | 25275 | SH |  | SOLE |  | 22137 | 0 | 3138 |
| THOR INDS INC | COM | 885160101 |  | 1069978 | 10319 | SH |  | SOLE |  | 7037 | 0 | 3282 |
| TJX COS INC NEW | COM | 872540109 |  | 14482168 | 100195 | SH |  | SOLE |  | 85680 | 0 | 14515 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 364785 | 6414 | SH |  | SOLE |  | 625 | 0 | 5789 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 277450 | 2500 | SH |  | SOLE |  | 800 | 0 | 1700 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1798369 | 39334 | SH |  | SOLE |  | 36659 | 0 | 2675 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 412944 | 4215 | SH |  | SOLE |  | 3400 | 0 | 815 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 19513412 | 56511 | SH |  | SOLE |  | 42366 | 0 | 14145 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 10520111 | 106146 | SH |  | SOLE |  | 98834 | 0 | 7312 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1088411 | 3335 | SH |  | SOLE |  | 2973 | 0 | 362 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 1073169 | 2464 | SH |  | SOLE |  | 2464 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 717850 | 2332 | SH |  | SOLE |  | 2332 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1954238 | 3191 | SH |  | SOLE |  | 2971 | 0 | 220 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 217664 | 856 | SH |  | SOLE |  | 856 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 522119 | 1591 | SH |  | SOLE |  | 1528 | 0 | 63 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 268546 | 1440 | SH |  | SOLE |  | 400 | 0 | 1040 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1022189 | 12153 | SH |  | SOLE |  | 11645 | 0 | 508 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 4575753 | 57247 | SH |  | SOLE |  | 50280 | 0 | 6967 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2002532 | 9280 | SH |  | SOLE |  | 9050 | 0 | 230 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1419130 | 10068 | SH |  | SOLE |  | 10068 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 2233906 | 10452 | SH |  | SOLE |  | 10409 | 0 | 43 |
| VANGUARD WORLD FD | ESG US CORP BD | 921910691 |  | 840378 | 13090 | SH |  | SOLE |  | 13090 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 1359099 | 11475 | SH |  | SOLE |  | 11475 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 2921009 | 22257 | SH |  | SOLE |  | 21873 | 0 | 384 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 19262209 | 438275 | SH |  | SOLE |  | 342066 | 0 | 96209 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 2313589 | 15336 | SH |  | SOLE |  | 11735 | 0 | 3601 |
| VISA INC | COM CL A | 92826C839 |  | 12007799 | 35174 | SH |  | SOLE |  | 29903 | 0 | 5271 |
| WALMART INC | COM | 931142103 |  | 35032558 | 339924 | SH |  | SOLE |  | 264376 | 0 | 75548 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 518027 | 6180 | SH |  | SOLE |  | 6180 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 1789150 | 9154 | SH |  | SOLE |  | 3805 | 0 | 5349 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 320701 | 3605 | SH |  | SOLE |  | 3605 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 12837097 | 87733 | SH |  | SOLE |  | 61646 | 0 | 26087 |

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