# EDGAR Filing Document

**Accession Number:** 0001138486
**File Stem:** 0001172661-23-000790
**Filing Date:** 2023-2
**Character Count:** 22017
**Document Hash:** 9656f2fcea6bb5ab84e4d4defb48992d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000790.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001172661-23-000790

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 1834 INVESTMENT ADVISORS CO
- **CENTRAL INDEX KEY:** 0001138486
- **IRS NUMBER:** 391230894
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06523
- **FILM NUMBER:** 23619535

**BUSINESS ADDRESS:**
- **STREET 1:** 207 E MICHIGAN ST, SUITE 200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4142780590

**MAIL ADDRESS:**
- **STREET 1:** 207 E MICHIGAN ST, SUITE 200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHERN OAK WEALTH MANAGEMENT INC
- **DATE OF NAME CHANGE:** 20150211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHERN OAK CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 20020514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAKER ZELLMER INVESTMENT MANAGEMENT INC
- **DATE OF NAME CHANGE:** 20010416

### 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:** 1834 INVESTMENT ADVISORS CO<br>**Address:** 207 E Michigan St Suite 200<br>Milwaukee, WI 53202

**Form 13F File Number:** 028-06523

**CRD Number (if applicable):** 000105435

**SEC File Number (if applicable):** 801-11335

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:** David Bucur<br>**Title:** Chief Compliance Officer<br>**Phone:** 812-464-1463

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

/s/ David Bucur  Milwaukee, WI  02-13-2023<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:** 182

**Form 13F Information Table Value Total:** $700353904

      (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 |  | 902718 | 7528 | SH |  | SOLE |  | 0 | 0 | 7528 |
| ABBOTT LABS | COM | 002824100 |  | 1577785 | 14371 | SH |  | SOLE |  | 0 | 0 | 14371 |
| ABBVIE INC | COM | 00287Y109 |  | 2658274 | 16449 | SH |  | SOLE |  | 0 | 0 | 16449 |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 1015539 | 46035 | SH |  | SOLE |  | 0 | 0 | 46035 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1074210 | 16585 | SH |  | SOLE |  | 0 | 0 | 16585 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1186493 | 3849 | SH |  | SOLE |  | 0 | 0 | 3849 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 273288 | 3080 | SH |  | SOLE |  | 0 | 0 | 3080 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4984289 | 56492 | SH |  | SOLE |  | 0 | 0 | 56492 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 8311434 | 181826 | SH |  | SOLE |  | 0 | 0 | 181826 |
| AMAZON COM INC | COM | 023135106 |  | 2558611 | 30460 | SH |  | SOLE |  | 0 | 0 | 30460 |
| APPLE INC | COM | 037833100 |  | 19692127 | 151560 | SH |  | SOLE |  | 0 | 0 | 151560 |
| AT INC | COM | 00206R102 |  | 5495900 | 298528 | SH |  | SOLE |  | 0 | 0 | 298528 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 262746 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| BANK AMERICA CORP | COM | 060505104 |  | 7256513 | 219098 | SH |  | SOLE |  | 0 | 0 | 219098 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 539139 | 11844 | SH |  | SOLE |  | 0 | 0 | 11844 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 441727 | 1430 | SH |  | SOLE |  | 0 | 0 | 1430 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BLACKROCK INC | COM | 09247X101 |  | 215424 | 304 | SH |  | SOLE |  | 0 | 0 | 304 |
| BLACKSTONE INC | COM | 09260D107 |  | 227541 | 3067 | SH |  | SOLE |  | 0 | 0 | 3067 |
| BOEING CO | COM | 097023105 |  | 1319524 | 6927 | SH |  | SOLE |  | 0 | 0 | 6927 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 7779058 | 108118 | SH |  | SOLE |  | 0 | 0 | 108118 |
| BROADCOM INC | COM | 11135F101 |  | 14834156 | 26531 | SH |  | SOLE |  | 0 | 0 | 26531 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 4662780 | 60658 | SH |  | SOLE |  | 0 | 0 | 60658 |
| CATERPILLAR INC | COM | 149123101 |  | 304241 | 1270 | SH |  | SOLE |  | 0 | 0 | 1270 |
| CHEVRON CORP NEW | COM | 166764100 |  | 9457979 | 52694 | SH |  | SOLE |  | 0 | 0 | 52694 |
| CISCO SYS INC | COM | 17275R102 |  | 10596416 | 222427 | SH |  | SOLE |  | 0 | 0 | 222427 |
| CITIGROUP INC | COM NEW | 172967424 |  | 628426 | 13894 | SH |  | SOLE |  | 0 | 0 | 13894 |
| COCA COLA CO | COM | 191216100 |  | 687879 | 10814 | SH |  | SOLE |  | 0 | 0 | 10814 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 916880 | 23692 | SH |  | SOLE |  | 0 | 0 | 23692 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 426688 | 3616 | SH |  | SOLE |  | 0 | 0 | 3616 |
| COTERRA ENERGY INC | COM | 127097103 |  | 8051245 | 327686 | SH |  | SOLE |  | 0 | 0 | 327686 |
| CROWN CASTLE INC | COM | 22822V101 |  | 252019 | 1858 | SH |  | SOLE |  | 0 | 0 | 1858 |
| CUBESMART | COM | 229663109 |  | 3848919 | 95623 | SH |  | SOLE |  | 0 | 0 | 95623 |
| CUMMINS INC | COM | 231021106 |  | 862068 | 3558 | SH |  | SOLE |  | 0 | 0 | 3558 |
| CVS HEALTH CORP | COM | 126650100 |  | 5864154 | 62927 | SH |  | SOLE |  | 0 | 0 | 62927 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 5596803 | 91272 | SH |  | SOLE |  | 0 | 0 | 91272 |
| DOW INC | COM | 260557103 |  | 8421424 | 167125 | SH |  | SOLE |  | 0 | 0 | 167125 |
| DOXIMITY INC | CL A | 26622P107 |  | 1671020 | 49792 | SH |  | SOLE |  | 0 | 0 | 49792 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 391156 | 3798 | SH |  | SOLE |  | 0 | 0 | 3798 |
| EMERSON ELEC CO | COM | 291011104 |  | 589328 | 6135 | SH |  | SOLE |  | 0 | 0 | 6135 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 12885825 | 116825 | SH |  | SOLE |  | 0 | 0 | 116825 |
| FEDEX CORP | COM | 31428X106 |  | 225680 | 1303 | SH |  | SOLE |  | 0 | 0 | 1303 |
| FIRST BUSINESS FINL SVCS INC | COM | 319390100 |  | 228016 | 6238 | SH |  | SOLE |  | 0 | 0 | 6238 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 5276575 | 314082 | SH |  | SOLE |  | 0 | 0 | 314082 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 892887 | 33454 | SH |  | SOLE |  | 0 | 0 | 33454 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 2721306 | 45782 | SH |  | SOLE |  | 0 | 0 | 45782 |
| FORD MTR CO DEL | COM | 345370860 |  | 222877 | 19164 | SH |  | SOLE |  | 0 | 0 | 19164 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 469148 | 12346 | SH |  | SOLE |  | 0 | 0 | 12346 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 218901 | 2613 | SH |  | SOLE |  | 0 | 0 | 2613 |
| GENERAL MTRS CO | COM | 37045V100 |  | 871358 | 25902 | SH |  | SOLE |  | 0 | 0 | 25902 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1094009 | 3186 | SH |  | SOLE |  | 0 | 0 | 3186 |
| HANESBRANDS INC | COM | 410345102 |  | 447789 | 70407 | SH |  | SOLE |  | 0 | 0 | 70407 |
| HOME DEPOT INC | COM | 437076102 |  | 2980139 | 9435 | SH |  | SOLE |  | 0 | 0 | 9435 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1254298 | 5853 | SH |  | SOLE |  | 0 | 0 | 5853 |
| ILLUMINA INC | COM | 452327109 |  | 336259 | 1663 | SH |  | SOLE |  | 0 | 0 | 1663 |
| INTEL CORP | COM | 458140100 |  | 6926614 | 262074 | SH |  | SOLE |  | 0 | 0 | 262074 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2331720 | 16550 | SH |  | SOLE |  | 0 | 0 | 16550 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 |  | 4779749 | 213477 | SH |  | SOLE |  | 0 | 0 | 213477 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2024 CB | 46138J841 |  | 7161273 | 349584 | SH |  | SOLE |  | 0 | 0 | 349584 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 452195 | 23806 | SH |  | SOLE |  | 0 | 0 | 23806 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 CB | 46138J866 |  | 5291805 | 252231 | SH |  | SOLE |  | 0 | 0 | 252231 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 5139987 | 271598 | SH |  | SOLE |  | 0 | 0 | 271598 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 CB | 46138J825 |  | 3255266 | 161632 | SH |  | SOLE |  | 0 | 0 | 161632 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 385573 | 1448 | SH |  | SOLE |  | 0 | 0 | 1448 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 302335 | 13730 | SH |  | SOLE |  | 0 | 0 | 13730 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 1852671 | 45309 | SH |  | SOLE |  | 0 | 0 | 45309 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 3552256 | 16581 | SH |  | SOLE |  | 0 | 0 | 16581 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 629526 | 12636 | SH |  | SOLE |  | 0 | 0 | 12636 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 929264 | 8454 | SH |  | SOLE |  | 0 | 0 | 8454 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 5796340 | 53635 | SH |  | SOLE |  | 0 | 0 | 53635 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 220361 | 2272 | SH |  | SOLE |  | 0 | 0 | 2272 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 27412966 | 271954 | SH |  | SOLE |  | 0 | 0 | 271954 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 998748 | 10553 | SH |  | SOLE |  | 0 | 0 | 10553 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 1007264 | 20369 | SH |  | SOLE |  | 0 | 0 | 20369 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1120960 | 6429 | SH |  | SOLE |  | 0 | 0 | 6429 |
| ISHARES TR | COHEN STEER REIT | 464287564 |  | 642853 | 11722 | SH |  | SOLE |  | 0 | 0 | 11722 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 33258525 | 568522 | SH |  | SOLE |  | 0 | 0 | 568522 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 219690 | 4179 | SH |  | SOLE |  | 0 | 0 | 4179 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 36355729 | 250608 | SH |  | SOLE |  | 0 | 0 | 250608 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1902465 | 7865 | SH |  | SOLE |  | 0 | 0 | 7865 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 243335 | 2310 | SH |  | SOLE |  | 0 | 0 | 2310 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 3118216 | 47505 | SH |  | SOLE |  | 0 | 0 | 47505 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 641586 | 13984 | SH |  | SOLE |  | 0 | 0 | 13984 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 6156976 | 67429 | SH |  | SOLE |  | 0 | 0 | 67429 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 2985112 | 19684 | SH |  | SOLE |  | 0 | 0 | 19684 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4719362 | 12283 | SH |  | SOLE |  | 0 | 0 | 12283 |
| ISHARES TR | GOV/CRED BD ETF | 464288596 |  | 223463 | 2178 | SH |  | SOLE |  | 0 | 0 | 2178 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 285454 | 2786 | SH |  | SOLE |  | 0 | 0 | 2786 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 267772 | 1931 | SH |  | SOLE |  | 0 | 0 | 1931 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 941546 | 11241 | SH |  | SOLE |  | 0 | 0 | 11241 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 23699483 | 346991 | SH |  | SOLE |  | 0 | 0 | 346991 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 2763447 | 12882 | SH |  | SOLE |  | 0 | 0 | 12882 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 456648 | 5385 | SH |  | SOLE |  | 0 | 0 | 5385 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 204239 | 3028 | SH |  | SOLE |  | 0 | 0 | 3028 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 375975 | 7500 | SH |  | SOLE |  | 0 | 0 | 7500 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11035757 | 62472 | SH |  | SOLE |  | 0 | 0 | 62472 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 9280258 | 69204 | SH |  | SOLE |  | 0 | 0 | 69204 |
| KEYCORP | COM | 493267108 |  | 6367219 | 365512 | SH |  | SOLE |  | 0 | 0 | 365512 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 436436 | 3215 | SH |  | SOLE |  | 0 | 0 | 3215 |
| LILLY ELI  CO | COM | 532457108 |  | 1716394 | 4692 | SH |  | SOLE |  | 0 | 0 | 4692 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 9777952 | 20099 | SH |  | SOLE |  | 0 | 0 | 20099 |
| LOWES COS INC | COM | 548661107 |  | 6816069 | 34210 | SH |  | SOLE |  | 0 | 0 | 34210 |
| MERCK  CO INC | COM | 58933Y105 |  | 9349113 | 84262 | SH |  | SOLE |  | 0 | 0 | 84262 |
| META PLATFORMS INC | CL A | 30303M102 |  | 488821 | 4062 | SH |  | SOLE |  | 0 | 0 | 4062 |
| MICROSOFT CORP | COM | 594918104 |  | 20228908 | 84350 | SH |  | SOLE |  | 0 | 0 | 84350 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 974490 | 14621 | SH |  | SOLE |  | 0 | 0 | 14621 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 6076241 | 71468 | SH |  | SOLE |  | 0 | 0 | 71468 |
| NETFLIX INC | COM | 64110L106 |  | 619838 | 2102 | SH |  | SOLE |  | 0 | 0 | 2102 |
| NEWMONT CORP | COM | 651639106 |  | 354000 | 7500 | SH |  | SOLE |  | 0 | 0 | 7500 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 262504 | 3140 | SH |  | SOLE |  | 0 | 0 | 3140 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 467861 | 858 | SH |  | SOLE |  | 0 | 0 | 858 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 497022 | 3401 | SH |  | SOLE |  | 0 | 0 | 3401 |
| PACKAGING CORP AMER | COM | 695156109 |  | 231261 | 1808 | SH |  | SOLE |  | 0 | 0 | 1808 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 64200 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| PEPSICO INC | COM | 713448108 |  | 1480918 | 8197 | SH |  | SOLE |  | 0 | 0 | 8197 |
| PFIZER INC | COM | 717081103 |  | 8212274 | 160271 | SH |  | SOLE |  | 0 | 0 | 160271 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 6379698 | 63033 | SH |  | SOLE |  | 0 | 0 | 63033 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4355228 | 28736 | SH |  | SOLE |  | 0 | 0 | 28736 |
| PROSHARES TR | DJ BRKFLD GLB | 74347B508 |  | 730783 | 16433 | SH |  | SOLE |  | 0 | 0 | 16433 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 296171 | 4075 | SH |  | SOLE |  | 0 | 0 | 4075 |
| PUBLIC STORAGE | COM | 74460D109 |  | 309610 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| QUALCOMM INC | COM | 747525103 |  | 5222023 | 47499 | SH |  | SOLE |  | 0 | 0 | 47499 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 283484 | 2809 | SH |  | SOLE |  | 0 | 0 | 2809 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 608840 | 12211 | SH |  | SOLE |  | 0 | 0 | 12211 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 415043 | 13844 | SH |  | SOLE |  | 0 | 0 | 13844 |
| SALESFORCE INC | COM | 79466L302 |  | 693976 | 5234 | SH |  | SOLE |  | 0 | 0 | 5234 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 283090 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1261174 | 17889 | SH |  | SOLE |  | 0 | 0 | 17889 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2553936 | 18800 | SH |  | SOLE |  | 0 | 0 | 18800 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 547542 | 16010 | SH |  | SOLE |  | 0 | 0 | 16010 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 1366302 | 17589 | SH |  | SOLE |  | 0 | 0 | 17589 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 332146 | 3382 | SH |  | SOLE |  | 0 | 0 | 3382 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 827853 | 17251 | SH |  | SOLE |  | 0 | 0 | 17251 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 4769127 | 54523 | SH |  | SOLE |  | 0 | 0 | 54523 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2068566 | 16623 | SH |  | SOLE |  | 0 | 0 | 16623 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 711990 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 284119 | 1793 | SH |  | SOLE |  | 0 | 0 | 1793 |
| SOUTHERN CO | COM | 842587107 |  | 1677921 | 23497 | SH |  | SOLE |  | 0 | 0 | 23497 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 11213035 | 66099 | SH |  | SOLE |  | 0 | 0 | 66099 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2075602 | 5427 | SH |  | SOLE |  | 0 | 0 | 5427 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 1824295 | 4120 | SH |  | SOLE |  | 0 | 0 | 4120 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 1234724 | 13499 | SH |  | SOLE |  | 0 | 0 | 13499 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 |  | 535854 | 11406 | SH |  | SOLE |  | 0 | 0 | 11406 |
| SPDR SER TR | PRTFLO S GW | 78464A409 |  | 2230088 | 44012 | SH |  | SOLE |  | 0 | 0 | 44012 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 7918772 | 63294 | SH |  | SOLE |  | 0 | 0 | 63294 |
| SPDR SER TR | ICE PFD SEC ETF | 78464A292 |  | 532380 | 16221 | SH |  | SOLE |  | 0 | 0 | 16221 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 5339636 | 137301 | SH |  | SOLE |  | 0 | 0 | 137301 |
| SPDR SER TR | PORTFOLIO INTRMD | 78464A375 |  | 272433 | 8559 | SH |  | SOLE |  | 0 | 0 | 8559 |
| STAG INDL INC | COM | 85254J102 |  | 682840 | 21134 | SH |  | SOLE |  | 0 | 0 | 21134 |
| STARBUCKS CORP | COM | 855244109 |  | 878118 | 8852 | SH |  | SOLE |  | 0 | 0 | 8852 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 582161 | 31760 | SH |  | SOLE |  | 0 | 0 | 31760 |
| STRYKER CORPORATION | COM | 863667101 |  | 550102 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| SYSCO CORP | COM | 871829107 |  | 1036050 | 13552 | SH |  | SOLE |  | 0 | 0 | 13552 |
| TARGET CORP | COM | 87612E106 |  | 1044472 | 7008 | SH |  | SOLE |  | 0 | 0 | 7008 |
| TEXAS INSTRS INC | COM | 882508104 |  | 942084 | 5702 | SH |  | SOLE |  | 0 | 0 | 5702 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2676939 | 62211 | SH |  | SOLE |  | 0 | 0 | 62211 |
| UNION PAC CORP | COM | 907818108 |  | 5126854 | 24759 | SH |  | SOLE |  | 0 | 0 | 24759 |
| UNITED STS COMMODITY INDEX F | COMM IDX FND | 911717106 |  | 1218575 | 21652 | SH |  | SOLE |  | 0 | 0 | 21652 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 11589539 | 21860 | SH |  | SOLE |  | 0 | 0 | 21860 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 4080860 | 244217 | SH |  | SOLE |  | 0 | 0 | 244217 |
| VANECK ETF TRUST | INTRMDT MUNI ETF | 92189H201 |  | 509874 | 11179 | SH |  | SOLE |  | 0 | 0 | 11179 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 449654 | 2749 | SH |  | SOLE |  | 0 | 0 | 2749 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4384021 | 12478 | SH |  | SOLE |  | 0 | 0 | 12478 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1666096 | 20200 | SH |  | SOLE |  | 0 | 0 | 20200 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 496409 | 3126 | SH |  | SOLE |  | 0 | 0 | 3126 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 238843 | 1191 | SH |  | SOLE |  | 0 | 0 | 1191 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 340256 | 1780 | SH |  | SOLE |  | 0 | 0 | 1780 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 309429 | 2288 | SH |  | SOLE |  | 0 | 0 | 2288 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5745737 | 147402 | SH |  | SOLE |  | 0 | 0 | 147402 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1237461 | 27185 | SH |  | SOLE |  | 0 | 0 | 27185 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 29738144 | 514323 | SH |  | SOLE |  | 0 | 0 | 514323 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 15651672 | 201931 | SH |  | SOLE |  | 0 | 0 | 201931 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 15688339 | 208649 | SH |  | SOLE |  | 0 | 0 | 208649 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 29388266 | 502535 | SH |  | SOLE |  | 0 | 0 | 502535 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 586531 | 13975 | SH |  | SOLE |  | 0 | 0 | 13975 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 269265 | 843 | SH |  | SOLE |  | 0 | 0 | 843 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 9250918 | 234795 | SH |  | SOLE |  | 0 | 0 | 234795 |
| VISA INC | COM CL A | 92826C839 |  | 1282710 | 6174 | SH |  | SOLE |  | 0 | 0 | 6174 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2488227 | 66601 | SH |  | SOLE |  | 0 | 0 | 66601 |
| WALMART INC | COM | 931142103 |  | 8648232 | 60993 | SH |  | SOLE |  | 0 | 0 | 60993 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 580187 | 6188 | SH |  | SOLE |  | 0 | 0 | 6188 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 1663614 | 1176 | SH |  | SOLE |  | 0 | 0 | 1176 |

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