# EDGAR Filing Document

**Accession Number:** 0001262677
**File Stem:** 0001262677-25-000004
**Filing Date:** 2025-8
**Character Count:** 16718
**Document Hash:** 8c4aafec604f0501ca95140af4be4b32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001262677-25-000004.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001262677-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**EFFECTIVENESS DATE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NOESIS CAPITAL MANGEMENT CORP
- **CENTRAL INDEX KEY:** 0001262677

**ORGANIZATION NAME:**
- **EIN:** 650848654
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10542
- **FILM NUMBER:** 251178621

**BUSINESS ADDRESS:**
- **STREET 1:** FOUNTAIN SQUARE, 2700 N. MILITARY TRAIL
- **STREET 2:** SUITE 210
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
- **BUSINESS PHONE:** 5619999888

**MAIL ADDRESS:**
- **STREET 1:** FOUNTAIN SQUARE, 2700 N. MILITARY TRAIL
- **STREET 2:** SUITE 210
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

### 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:** NOESIS CAPITAL MANGEMENT CORP<br>**Address:** FOUNTAIN SQUARE 2700 N. MILITARY TRAIL<br>SUITE 210<br>BOCA RATON, FL 33431

**Form 13F File Number:** 028-10542

**CRD Number (if applicable):** 000110819

**SEC File Number (if applicable):** 801-49934

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:** Nico Letschert<br>**Title:** Chief Compliance Officer<br>**Phone:** 561-999-9888

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

Nico Letschert  Boca Raton, FL  08-04-2025<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:** 131

**Form 13F Information Table Value Total:** $575809305

      (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 |  | 290925 | 2139 | SH |  | SOLE |  | 2139 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 12784055 | 90092 | SH |  | SOLE |  | 90092 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 316008 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 14176152 | 120127 | SH |  | SOLE |  | 120127 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 32683490 | 184247 | SH |  | SOLE |  | 184247 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5390103 | 30586 | SH |  | SOLE |  | 30586 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 302932 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 17251402 | 78633 | SH |  | SOLE |  | 78633 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 33500425 | 105024 | SH |  | SOLE |  | 105024 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 1156877 | 6393 | SH |  | SOLE |  | 6393 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 33777234 | 342048 | SH |  | SOLE |  | 342048 | 0 | 0 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 3141169 | 73823 | SH |  | SOLE |  | 73823 | 0 | 0 |
| ANIKA THERAPEUTICS INC | COM | 035255108 |  | 205252 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7137490 | 34788 | SH |  | SOLE |  | 34788 | 0 | 0 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 120840 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 350029 | 5009 | SH |  | SOLE |  | 5009 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 445946 | 1446 | SH |  | SOLE |  | 1446 | 0 | 0 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 461100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 332000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1641903 | 3380 | SH |  | SOLE |  | 3380 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1300021 | 1239 | SH |  | SOLE |  | 1239 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 509158 | 2430 | SH |  | SOLE |  | 2430 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 171500 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 328106 | 1190 | SH |  | SOLE |  | 1190 | 0 | 0 |
| BRT APARTMENTS CORP | COM | 055645303 |  | 234600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CAMDEN NATL CORP | COM | 133034108 |  | 419029 | 10326 | SH |  | SOLE |  | 10326 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 15869999 | 40880 | SH |  | SOLE |  | 40880 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 265454 | 3752 | SH |  | SOLE |  | 3752 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 215306 | 217 | SH |  | SOLE |  | 217 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 11782795 | 35978 | SH |  | SOLE |  | 35978 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 324845 | 4248 | SH |  | SOLE |  | 4248 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 319194 | 4763 | SH |  | SOLE |  | 4763 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 10089692 | 81362 | SH |  | SOLE |  | 81362 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 1307691 | 12950 | SH |  | SOLE |  | 12950 | 0 | 0 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829C105 |  | 166391 | 19236 | SH |  | SOLE |  | 19236 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 14702219 | 54566 | SH |  | SOLE |  | 54566 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 233859 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 768304 | 42377 | SH |  | SOLE |  | 42377 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 730561 | 6777 | SH |  | SOLE |  | 6777 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 1467353 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 12592109 | 113575 | SH |  | SOLE |  | 113575 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 622065 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 278292 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 446740 | 1516 | SH |  | SOLE |  | 1516 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 4540765 | 407975 | SH |  | SOLE |  | 407975 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 239818 | 1056 | SH |  | SOLE |  | 1056 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 670602 | 1216 | SH |  | SOLE |  | 1216 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 371346 | 6186 | SH |  | SOLE |  | 6186 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 16451828 | 150245 | SH |  | SOLE |  | 150245 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1533080 | 49970 | SH |  | SOLE |  | 49970 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5734728 | 52473 | SH |  | SOLE |  | 52473 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 1008940 | 20915 | SH |  | SOLE |  | 20915 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 276184 | 2784 | SH |  | SOLE |  | 2784 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 254731 | 4952 | SH |  | SOLE |  | 4952 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 994998 | 11919 | SH |  | SOLE |  | 11919 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 237765 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 442769 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 560840 | 903 | SH |  | SOLE |  | 903 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 481933 | 5461 | SH |  | SOLE |  | 5461 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 429726 | 4113 | SH |  | SOLE |  | 4113 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 435719 | 1241 | SH |  | SOLE |  | 1241 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 9693451 | 191268 | SH |  | SOLE |  | 191268 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 2573335 | 54244 | SH |  | SOLE |  | 54244 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1420673 | 9301 | SH |  | SOLE |  | 9301 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 39826865 | 137377 | SH |  | SOLE |  | 137377 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1619089 | 16633 | SH |  | SOLE |  | 16633 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 14112934 | 30080 | SH |  | SOLE |  | 30080 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 14413952 | 64966 | SH |  | SOLE |  | 64966 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 765240 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 707654 | 1259 | SH |  | SOLE |  | 1259 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 10259822 | 117699 | SH |  | SOLE |  | 117699 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 363295 | 139 | SH |  | SOLE |  | 139 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 10000688 | 126335 | SH |  | SOLE |  | 126335 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 672708 | 911 | SH |  | SOLE |  | 911 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8716566 | 17524 | SH |  | SOLE |  | 17524 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 233123 | 1655 | SH |  | SOLE |  | 1655 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 364299 | 272 | SH |  | SOLE |  | 272 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 11146431 | 160565 | SH |  | SOLE |  | 160565 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 9392921 | 132220 | SH |  | SOLE |  | 132220 | 0 | 0 |
| NORTHRIM BANCORP INC | COM | 666762109 |  | 241637 | 2591 | SH |  | SOLE |  | 2591 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2217832 | 14038 | SH |  | SOLE |  | 14038 | 0 | 0 |
| OFG BANCORP | COM | 67103X102 |  | 299600 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 729232 | 3335 | SH |  | SOLE |  | 3335 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 331749 | 13686 | SH |  | SOLE |  | 13686 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 320438 | 2011 | SH |  | SOLE |  | 2011 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 18986514 | 119217 | SH |  | SOLE |  | 119217 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 210000 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 24427425 | 78008 | SH |  | SOLE |  | 78008 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 215367 | 1475 | SH |  | SOLE |  | 1475 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1814733 | 53690 | SH |  | SOLE |  | 53690 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 300691 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 306821 | 12875 | SH |  | SOLE |  | 12875 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 203834 | 4847 | SH |  | SOLE |  | 4847 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 552005 | 22494 | SH |  | SOLE |  | 22494 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 319550 | 7985 | SH |  | SOLE |  | 7985 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 318283 | 11109 | SH |  | SOLE |  | 11109 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 204879 | 7731 | SH |  | SOLE |  | 7731 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 14908807 | 93215 | SH |  | SOLE |  | 93215 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 815538 | 9987 | SH |  | SOLE |  | 9987 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 468998 | 2158 | SH |  | SOLE |  | 2158 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 567196 | 4208 | SH |  | SOLE |  | 4208 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1746021 | 6895 | SH |  | SOLE |  | 6895 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 212219 | 2311 | SH |  | SOLE |  | 2311 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 231117 | 5708 | SH |  | SOLE |  | 5708 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3154918 | 5106 | SH |  | SOLE |  | 5106 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 658518 | 6770 | SH |  | SOLE |  | 6770 | 0 | 0 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 706217 | 5203 | SH |  | SOLE |  | 5203 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 297987 | 6995 | SH |  | SOLE |  | 6995 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 25133758 | 63528 | SH |  | SOLE |  | 63528 | 0 | 0 |
| TAITRON COMPONENTS INC | CL A | 874028103 |  | 482937 | 215597 | SH |  | SOLE |  | 215597 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 26094366 | 115212 | SH |  | SOLE |  | 115212 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 7423079 | 23368 | SH |  | SOLE |  | 23368 | 0 | 0 |
| TRUECAR INC | COM | 89785L107 |  | 237500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 238935 | 4826 | SH |  | SOLE |  | 4826 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1450227 | 3308 | SH |  | SOLE |  | 3308 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1031808 | 5838 | SH |  | SOLE |  | 5838 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 602125 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 305295 | 1070 | SH |  | SOLE |  | 1070 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 869240 | 2860 | SH |  | SOLE |  | 2860 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 255765 | 914 | SH |  | SOLE |  | 914 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 348361 | 1470 | SH |  | SOLE |  | 1470 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 950014 | 11457 | SH |  | SOLE |  | 11457 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 210688 | 3696 | SH |  | SOLE |  | 3696 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 336249 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 816898 | 1232 | SH |  | SOLE |  | 1232 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 208951 | 4829 | SH |  | SOLE |  | 4829 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 19776672 | 55701 | SH |  | SOLE |  | 55701 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 228512 | 2337 | SH |  | SOLE |  | 2337 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP DIVD | 97717W307 |  | 821400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 394003 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 264963 | 4044 | SH |  | SOLE |  | 4044 | 0 | 0 |

---