# EDGAR Filing Document

**Accession Number:** 0001682021
**File Stem:** 0001604488-23-000078
**Filing Date:** 2023-2
**Character Count:** 28099
**Document Hash:** b89ba54800e0b8e1a9be585b55c45ae6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001604488-23-000078.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001604488-23-000078

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vivaldi Capital Management LP
- **CENTRAL INDEX KEY:** 0001682021
- **IRS NUMBER:** 453825664
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18047
- **FILM NUMBER:** 23628185

**BUSINESS ADDRESS:**
- **STREET 1:** 225 W. WACKER DRIVE - SUITE 2100
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-248-8300

**MAIL ADDRESS:**
- **STREET 1:** 225 W. WACKER DRIVE - SUITE 2100
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vivaldi Capital Management, LLC
- **DATE OF NAME CHANGE:** 20160810

### 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:** Vivaldi Capital Management LP<br>**Address:** 225 W. Wacker Drive - Suite 2100<br>Chicago, IL 60606

**Form 13F File Number:** 028-18047

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:** Meredith Weeks<br>**Title:** Compliance Manager<br>**Phone:** 872-257-3760

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

Meredith Weeks  Chicago, IL  02-14-2023<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:** 242

**Form 13F Information Table Value Total:** $403095532

      (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 |  | 814626 | 6425 | SH |  | SOLE |  | 6425 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 965154 | 8606 | SH |  | SOLE |  | 8606 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1638581 | 10136 | SH |  | SOLE |  | 10136 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 923359 | 3373 | SH |  | SOLE |  | 3373 | 0 | 0 |
| ALLIANCEBERNSTEIN GLOBAL HIG | COM | 01879R106 |  | 3564231 | 366690 | SH |  | SOLE |  | 366690 | 0 | 0 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 3865279 | 360567 | SH |  | SOLE |  | 360567 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2104641 | 23701 | SH |  | SOLE |  | 23701 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1042333 | 11842 | SH |  | SOLE |  | 11842 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 882357 | 22469 | SH |  | SOLE |  | 22469 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 396532 | 8624 | SH |  | SOLE |  | 8624 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 891684 | 10207 | SH |  | SOLE |  | 10207 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 700335 | 12284 | SH |  | SOLE |  | 12284 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 694097 | 9084 | SH |  | SOLE |  | 9084 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 229510 | 1526 | SH |  | SOLE |  | 1526 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 471900 | 1747 | SH |  | SOLE |  | 1747 | 0 | 0 |
| ANGEL OAK MTG INC | COM | 03464Y108 |  | 10716188 | 1592301 | SH |  | SOLE |  | 1592301 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 507471 | 7769 | SH |  | SOLE |  | 7769 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 8135667 | 62510 | SH |  | SOLE |  | 62510 | 0 | 0 |
| ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 |  | 3954374 | 332300 | SH |  | SOLE |  | 332300 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 325112 | 9670 | SH |  | SOLE |  | 9670 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 206379 | 6829 | SH |  | SOLE |  | 6829 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 249919 | 13126 | SH |  | SOLE |  | 13126 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 303531 | 8956 | SH |  | SOLE |  | 8956 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 275698 | 5727 | SH |  | SOLE |  | 5727 | 0 | 0 |
| BARINGS GLOBAL SHORT DURATIO | COM | 06760L100 |  | 3392781 | 257614 | SH |  | SOLE |  | 257614 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 205999 | 816 | SH |  | SOLE |  | 816 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2059780 | 6528 | SH |  | SOLE |  | 6528 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 478385 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BIRD GLOBAL INC | COM CL A | 09077J107 |  | 5563 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 345622 | 459 | SH |  | SOLE |  | 459 | 0 | 0 |
| BLACKROCK MUNICIPAL INCOME | COM | 09253X102 |  | 4594517 | 393366 | SH |  | SOLE |  | 393366 | 0 | 0 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 |  | 3969909 | 371020 | SH |  | SOLE |  | 371020 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 |  | 593672 | 52724 | SH |  | SOLE |  | 52724 | 0 | 0 |
| BLACKSTONE STRATEGIC CREDIT | COM SHS BEN IN | 09257R101 |  | 4328940 | 403819 | SH |  | SOLE |  | 403819 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1863782 | 8936 | SH |  | SOLE |  | 8936 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 271634 | 123 | SH |  | SOLE |  | 123 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 341771 | 4813 | SH |  | SOLE |  | 4813 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 234890 | 1694 | SH |  | SOLE |  | 1694 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 246186 | 7275 | SH |  | SOLE |  | 7275 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 504300 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 412561 | 5046 | SH |  | SOLE |  | 5046 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 693538 | 3959 | SH |  | SOLE |  | 3959 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 754205 | 15525 | SH |  | SOLE |  | 15525 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 489955 | 2787 | SH |  | SOLE |  | 2787 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 620590 | 9912 | SH |  | SOLE |  | 9912 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 303714 | 8088 | SH |  | SOLE |  | 8088 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 284678 | 7043 | SH |  | SOLE |  | 7043 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 290123 | 606 | SH |  | SOLE |  | 606 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 264322 | 1082 | SH |  | SOLE |  | 1082 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 369503 | 3983 | SH |  | SOLE |  | 3983 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 252755 | 991 | SH |  | SOLE |  | 991 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 246215 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 1112916 | 35197 | SH |  | SOLE |  | 35197 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 810532 | 32305 | SH |  | SOLE |  | 32305 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 610552 | 25838 | SH |  | SOLE |  | 25838 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 584926 | 26089 | SH |  | SOLE |  | 26089 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 331443 | 6312 | SH |  | SOLE |  | 6312 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 290738 | 8531 | SH |  | SOLE |  | 8531 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 262502 | 10262 | SH |  | SOLE |  | 10262 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 260142 | 5754 | SH |  | SOLE |  | 5754 | 0 | 0 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 246250 | 10896 | SH |  | SOLE |  | 10896 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 217315 | 8710 | SH |  | SOLE |  | 8710 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 491572 | 5187 | SH |  | SOLE |  | 5187 | 0 | 0 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 2453372 | 214831 | SH |  | SOLE |  | 214831 | 0 | 0 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 376584 | 31200 | SH |  | SOLE |  | 31200 | 0 | 0 |
| DWS MUN INCOME TR | COM | 233368109 |  | 3764358 | 423437 | SH |  | SOLE |  | 423437 | 0 | 0 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 204473 | 23104 | SH |  | SOLE |  | 23104 | 0 | 0 |
| EATON VANCE CALIF MUN INCOM | SH BEN INT | 27826F101 |  | 213074 | 21034 | SH |  | SOLE |  | 21034 | 0 | 0 |
| EXCHANGE LISTED FDS TR | SABA INT RATE | 30151E806 |  | 191510 | 10675 | SH |  | SOLE |  | 10675 | 0 | 0 |
| EXCHANGE TRADED CONCEPTS TR | ROBO GLB ETF | 301505707 |  | 267981 | 5485 | SH |  | SOLE |  | 5485 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1090449 | 10053 | SH |  | SOLE |  | 10053 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | MERGER ARBITRA | 33740J203 |  | 6250154 | 310798 | SH |  | SOLE |  | 310798 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 |  | 2666539 | 52553 | SH |  | SOLE |  | 52553 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 1182713 | 67972 | SH |  | SOLE |  | 67972 | 0 | 0 |
| FIRST TR EXCH TRD ALPHDX FD | ASIA EX JAPAN | 33737J109 |  | 3903710 | 145988 | SH |  | SOLE |  | 145988 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 291574 | 3234 | SH |  | SOLE |  | 3234 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 9980117 | 208876 | SH |  | SOLE |  | 208876 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN ASIA | 35473P660 |  | 221851 | 10172 | SH |  | SOLE |  | 10172 | 0 | 0 |
| GALECTIN THERAPEUTICS INC | COM NEW | 363225202 |  | 22535 | 19261 | SH |  | SOLE |  | 19261 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 5629184 | 110724 | SH |  | SOLE |  | 110724 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 490377 | 6748 | SH |  | SOLE |  | 6748 | 0 | 0 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 |  | 2145664 | 50653 | SH |  | SOLE |  | 50653 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1897669 | 34478 | SH |  | SOLE |  | 34478 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 713166 | 2244 | SH |  | SOLE |  | 2244 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 398588 | 1892 | SH |  | SOLE |  | 1892 | 0 | 0 |
| INDAPTUS THERAPEUTICS INC | COM | 45339J105 |  | 38400 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 265670 | 16160 | SH |  | SOLE |  | 16160 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 256264 | 8743 | SH |  | SOLE |  | 8743 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 386580 | 2693 | SH |  | SOLE |  | 2693 | 0 | 0 |
| INVESCO CALIF VALUE MUN INCO | COM | 46132H106 |  | 321131 | 32802 | SH |  | SOLE |  | 32802 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 201325 | 8567 | SH |  | SOLE |  | 8567 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | INVESCO MSCI | 46137V407 |  | 238376 | 4882 | SH |  | SOLE |  | 4882 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 394785 | 1447 | SH |  | SOLE |  | 1447 | 0 | 0 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 |  | 3948539 | 396042 | SH |  | SOLE |  | 396042 | 0 | 0 |
| INVESCO SR INCOME TR | COM | 46131H107 |  | 5685821 | 1492341 | SH |  | SOLE |  | 1492341 | 0 | 0 |
| INVESTMENT MANAGERS SER TR | KNWLDL LD ETF | 46143U849 |  | 1872192 | 50439 | SH |  | SOLE |  | 50439 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 6125678 | 171973 | SH |  | SOLE |  | 171973 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 8037818 | 20633 | SH |  | SOLE |  | 20633 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 5966225 | 48329 | SH |  | SOLE |  | 48329 | 0 | 0 |
| ISHARES TR | IBONDS 23 TRM TS | 46436E882 |  | 5846499 | 236509 | SH |  | SOLE |  | 236509 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 4795352 | 70087 | SH |  | SOLE |  | 70087 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 3435897 | 42107 | SH |  | SOLE |  | 42107 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 3369317 | 38612 | SH |  | SOLE |  | 38612 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 3020149 | 12175 | SH |  | SOLE |  | 12175 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 2999767 | 28637 | SH |  | SOLE |  | 28637 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2333131 | 27114 | SH |  | SOLE |  | 27114 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2228889 | 32242 | SH |  | SOLE |  | 32242 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 2159354 | 13949 | SH |  | SOLE |  | 13949 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1999830 | 11243 | SH |  | SOLE |  | 11243 | 0 | 0 |
| ISHARES TR | COHEN STEER REIT | 464287564 |  | 1820756 | 32543 | SH |  | SOLE |  | 32543 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1449424 | 6710 | SH |  | SOLE |  | 6710 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 1448391 | 25455 | SH |  | SOLE |  | 25455 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1420260 | 22126 | SH |  | SOLE |  | 22126 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 1081287 | 18582 | SH |  | SOLE |  | 18582 | 0 | 0 |
| ISHARES TR | MRGSTR MD CP VAL | 464288406 |  | 1007844 | 15684 | SH |  | SOLE |  | 15684 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 960187 | 9896 | SH |  | SOLE |  | 9896 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 958558 | 13834 | SH |  | SOLE |  | 13834 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 939051 | 3370 | SH |  | SOLE |  | 3370 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 796298 | 10550 | SH |  | SOLE |  | 10550 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 765857 | 4448 | SH |  | SOLE |  | 4448 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 674378 | 5176 | SH |  | SOLE |  | 5176 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 569482 | 14107 | SH |  | SOLE |  | 14107 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 522926 | 5264 | SH |  | SOLE |  | 5264 | 0 | 0 |
| ISHARES TR | IBONDS DEC23 ETF | 46434VAX8 |  | 396045 | 15798 | SH |  | SOLE |  | 15798 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 366606 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 288454 | 5988 | SH |  | SOLE |  | 5988 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 282466 | 2568 | SH |  | SOLE |  | 2568 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 268787 | 3546 | SH |  | SOLE |  | 3546 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 261726 | 2414 | SH |  | SOLE |  | 2414 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 257557 | 2410 | SH |  | SOLE |  | 2410 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 249922 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 239557 | 11948 | SH |  | SOLE |  | 11948 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 235639 | 4046 | SH |  | SOLE |  | 4046 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 227377 | 2647 | SH |  | SOLE |  | 2647 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | US AGGREGATE ETF | 46641Q241 |  | 3436454 | 73366 | SH |  | SOLE |  | 73366 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1222020 | 6960 | SH |  | SOLE |  | 6960 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2837103 | 20653 | SH |  | SOLE |  | 20653 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 126386 | 14645 | SH |  | SOLE |  | 14645 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 776972 | 2221 | SH |  | SOLE |  | 2221 | 0 | 0 |
| LISTED FD TR | HORIZON KINETICS | 53656F623 |  | 1078721 | 34398 | SH |  | SOLE |  | 34398 | 0 | 0 |
| LUMINAR TECHNOLOGIES INC | COM CL A | 550424105 |  | 1080000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 204724 | 16120 | SH |  | SOLE |  | 16120 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 460003 | 1240 | SH |  | SOLE |  | 1240 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 720626 | 2696 | SH |  | SOLE |  | 2696 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 782042 | 7085 | SH |  | SOLE |  | 7085 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 293120 | 2264 | SH |  | SOLE |  | 2264 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 201750 | 2828 | SH |  | SOLE |  | 2828 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5563218 | 24495 | SH |  | SOLE |  | 24495 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 427771 | 4881 | SH |  | SOLE |  | 4881 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 471443 | 1809 | SH |  | SOLE |  | 1809 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 209588 | 665 | SH |  | SOLE |  | 665 | 0 | 0 |
| NEUBERGER BRMAN CLIFRN MUNI | COM | 64123C101 |  | 464176 | 40789 | SH |  | SOLE |  | 40789 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 477181 | 5676 | SH |  | SOLE |  | 5676 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 306507 | 2455 | SH |  | SOLE |  | 2455 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 490457 | 5206 | SH |  | SOLE |  | 5206 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 146866 | 12997 | SH |  | SOLE |  | 12997 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 |  | 257006 | 22764 | SH |  | SOLE |  | 22764 | 0 | 0 |
| NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 |  | 262206 | 20421 | SH |  | SOLE |  | 20421 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 152186 | 12930 | SH |  | SOLE |  | 12930 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 536978 | 3436 | SH |  | SOLE |  | 3436 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 681854 | 7890 | SH |  | SOLE |  | 7890 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 237755 | 2025 | SH |  | SOLE |  | 2025 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 878538 | 4899 | SH |  | SOLE |  | 4899 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2147258 | 44374 | SH |  | SOLE |  | 44374 | 0 | 0 |
| PGIM HIGH YIELD BOND FUND IN | COM | 69346H100 |  | 5970058 | 485371 | SH |  | SOLE |  | 485371 | 0 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 344525 | 10790 | SH |  | SOLE |  | 10790 | 0 | 0 |
| PRA GROUP INC | COM | 69354N106 |  | 2046396 | 58636 | SH |  | SOLE |  | 58636 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2896139 | 19049 | SH |  | SOLE |  | 19049 | 0 | 0 |
| PROSHARES TR | SHORT S 500 NE | 74347B425 |  | 372655 | 23751 | SH |  | SOLE |  | 23751 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 359533 | 3659 | SH |  | SOLE |  | 3659 | 0 | 0 |
| PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 |  | 3384836 | 907463 | SH |  | SOLE |  | 907463 | 0 | 0 |
| REUNION NEUROSCIENCE INC | COM | 76134G103 |  | 40122 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 300832 | 35185 | SH |  | SOLE |  | 35185 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 237537 | 2730 | SH |  | SOLE |  | 2730 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 4949284 | 108063 | SH |  | SOLE |  | 108063 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 4242951 | 126316 | SH |  | SOLE |  | 126316 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 3617387 | 79590 | SH |  | SOLE |  | 79590 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 3401673 | 70181 | SH |  | SOLE |  | 70181 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1719594 | 41456 | SH |  | SOLE |  | 41456 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 1613905 | 64325 | SH |  | SOLE |  | 64325 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1504748 | 22073 | SH |  | SOLE |  | 22073 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 1467181 | 48486 | SH |  | SOLE |  | 48486 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 1137213 | 43538 | SH |  | SOLE |  | 43538 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 909810 | 16539 | SH |  | SOLE |  | 16539 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 278302 | 5973 | SH |  | SOLE |  | 5973 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 211308 | 6464 | SH |  | SOLE |  | 6464 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1439363 | 16497 | SH |  | SOLE |  | 16497 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 853562 | 6765 | SH |  | SOLE |  | 6765 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 545494 | 15475 | SH |  | SOLE |  | 15475 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 421144 | 3157 | SH |  | SOLE |  | 3157 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 335737 | 3342 | SH |  | SOLE |  | 3342 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 235026 | 3288 | SH |  | SOLE |  | 3288 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 76440 | 15859 | SH |  | SOLE |  | 15859 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 390613 | 1165 | SH |  | SOLE |  | 1165 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4246821 | 24393 | SH |  | SOLE |  | 24393 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 13897297 | 449169 | SH |  | SOLE |  | 449169 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 1885357 | 54192 | SH |  | SOLE |  | 54192 | 0 | 0 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 313162 | 7537 | SH |  | SOLE |  | 7537 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 16257611 | 41916 | SH |  | SOLE |  | 41916 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 15869701 | 348020 | SH |  | SOLE |  | 348020 | 0 | 0 |
| SPDR SER TR | PORTFOLIO SH TSR | 78468R101 |  | 6148612 | 211802 | SH |  | SOLE |  | 211802 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78468R853 |  | 6095775 | 158703 | SH |  | SOLE |  | 158703 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78464A847 |  | 5724122 | 130035 | SH |  | SOLE |  | 130035 | 0 | 0 |
| SPDR SER TR | PORTFOLIO INTRMD | 78464A375 |  | 3494729 | 108129 | SH |  | SOLE |  | 108129 | 0 | 0 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 |  | 394509 | 8330 | SH |  | SOLE |  | 8330 | 0 | 0 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 352181 | 8726 | SH |  | SOLE |  | 8726 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 190300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 622429 | 3981 | SH |  | SOLE |  | 3981 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3075334 | 25677 | SH |  | SOLE |  | 25677 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1278397 | 2341 | SH |  | SOLE |  | 2341 | 0 | 0 |
| TREEHOUSE FOODS INC | COM | 89469A104 |  | 273570 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 330512 | 1563 | SH |  | SOLE |  | 1563 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1270236 | 2592 | SH |  | SOLE |  | 2592 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 589943 | 12657 | SH |  | SOLE |  | 12657 | 0 | 0 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 |  | 945559 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 244379 | 3588 | SH |  | SOLE |  | 3588 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 219887 | 6906 | SH |  | SOLE |  | 6906 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 453779 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 5508840 | 28379 | SH |  | SOLE |  | 28379 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3759417 | 10476 | SH |  | SOLE |  | 10476 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2452796 | 17233 | SH |  | SOLE |  | 17233 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2230143 | 10696 | SH |  | SOLE |  | 10696 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2175410 | 11571 | SH |  | SOLE |  | 11571 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1977091 | 23425 | SH |  | SOLE |  | 23425 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 484240 | 2973 | SH |  | SOLE |  | 2973 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2172138 | 52709 | SH |  | SOLE |  | 52709 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 1330442 | 15018 | SH |  | SOLE |  | 15018 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 683040 | 11662 | SH |  | SOLE |  | 11662 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 659454 | 12573 | SH |  | SOLE |  | 12573 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 232035 | 2172 | SH |  | SOLE |  | 2172 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 562978 | 11208 | SH |  | SOLE |  | 11208 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 5517176 | 94911 | SH |  | SOLE |  | 94911 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1202038 | 7770 | SH |  | SOLE |  | 7770 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3891787 | 89037 | SH |  | SOLE |  | 89037 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 351594 | 1085 | SH |  | SOLE |  | 1085 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 270163 | 1107 | SH |  | SOLE |  | 1107 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 230262 | 1912 | SH |  | SOLE |  | 1912 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 648557 | 15677 | SH |  | SOLE |  | 15677 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 603117 | 2759 | SH |  | SOLE |  | 2759 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 611688 | 4220 | SH |  | SOLE |  | 4220 | 0 | 0 |
| WESTERN ASSET MANAGED MUNS F | COM | 95766M105 |  | 3411734 | 329318 | SH |  | SOLE |  | 329318 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 451711 | 1771 | SH |  | SOLE |  | 1771 | 0 | 0 |

---