# EDGAR Filing Document

**Accession Number:** 0001868491
**File Stem:** 0001868491-25-000006
**Filing Date:** 2025-10
**Character Count:** 16599
**Document Hash:** 7c51090367ab000b005b3f66892b8911
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001868491-25-000006.hdr.sgml**: 20251008

**ACCESSION NUMBER**: 0001868491-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251008

**DATE AS OF CHANGE**: 20251008

**EFFECTIVENESS DATE**: 20251008

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pinnacle Wealth Management Group, Inc.
- **CENTRAL INDEX KEY:** 0001868491

**ORGANIZATION NAME:**
- **EIN:** 202649634
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21316
- **FILM NUMBER:** 251381508

**BUSINESS ADDRESS:**
- **STREET 1:** 849 PENNIMAN, SUITE 201
- **CITY:** PLYMOUTH
- **STATE:** MI
- **ZIP:** 48170
- **BUSINESS PHONE:** 734-667-5581

**MAIL ADDRESS:**
- **STREET 1:** 849 PENNIMAN, SUITE 201
- **CITY:** PLYMOUTH
- **STATE:** MI
- **ZIP:** 48170

### 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:** Pinnacle Wealth Management Group Inc.<br>**Address:** 849 PENNIMAN SUITE 201<br>PLYMOUTH, MI 48170

**Form 13F File Number:** 028-21316

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:** Daniel A Cesta<br>**Title:** President<br>**Phone:** 7346675581

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

Daniel A Cesta  Plymouth, MI  10-08-2025<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:** 129

**Form 13F Information Table Value Total:** $195068763

      (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 |  | 298686 | 2230 | SH |  | SOLE |  | 0 | 0 | 2230 |
| ABBVIE INC | COM | 00287Y109 |  | 1058392 | 4571 | SH |  | SOLE |  | 0 | 0 | 4571 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 4239115 | 25149 | SH |  | SOLE |  | 0 | 0 | 25149 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 2514148 | 72121 | SH |  | SOLE |  | 0 | 0 | 72121 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 257907 | 1443 | SH |  | SOLE |  | 0 | 0 | 1443 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1073773 | 4417 | SH |  | SOLE |  | 0 | 0 | 4417 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 963240 | 3955 | SH |  | SOLE |  | 0 | 0 | 3955 |
| AMAZON COM INC | COM | 023135106 |  | 1416446 | 6451 | SH |  | SOLE |  | 0 | 0 | 6451 |
| AMEREN CORP | COM | 023608102 |  | 412927 | 3956 | SH |  | SOLE |  | 0 | 0 | 3956 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 449067 | 2335 | SH |  | SOLE |  | 0 | 0 | 2335 |
| APPLE INC | COM | 037833100 |  | 3039778 | 11938 | SH |  | SOLE |  | 0 | 0 | 11938 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 601525 | 2049 | SH |  | SOLE |  | 0 | 0 | 2049 |
| BANK AMERICA CORP | COM | 060505104 |  | 316505 | 6135 | SH |  | SOLE |  | 0 | 0 | 6135 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 252329 | 7700 | SH |  | SOLE |  | 0 | 0 | 7700 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 435373 | 866 | SH |  | SOLE |  | 0 | 0 | 866 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 592909 | 14419 | SH |  | SOLE |  | 0 | 0 | 14419 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 401316 | 11659 | SH |  | SOLE |  | 0 | 0 | 11659 |
| CHEVRON CORP NEW | COM | 166764100 |  | 341638 | 2200 | SH |  | SOLE |  | 0 | 0 | 2200 |
| CITIGROUP INC | COM NEW | 172967424 |  | 202898 | 1999 | SH |  | SOLE |  | 0 | 0 | 1999 |
| CMS ENERGY CORP | COM | 125896100 |  | 318333 | 4345 | SH |  | SOLE |  | 0 | 0 | 4345 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 259176 | 280 | SH |  | SOLE |  | 0 | 0 | 280 |
| CROWN CASTLE INC | COM | 22822V101 |  | 405472 | 4202 | SH |  | SOLE |  | 0 | 0 | 4202 |
| DOLLY VARDEN SILVER CORP | COM NO PAR | 256827783 |  | 185370 | 37000 | SH |  | SOLE |  | 0 | 0 | 37000 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 309926 | 2741 | SH |  | SOLE |  | 0 | 0 | 2741 |
| DTE ENERGY CO | COM | 233331107 |  | 431114 | 3048 | SH |  | SOLE |  | 0 | 0 | 3048 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 500940 | 4048 | SH |  | SOLE |  | 0 | 0 | 4048 |
| ECOLAB INC | COM | 278865100 |  | 438957 | 1603 | SH |  | SOLE |  | 0 | 0 | 1603 |
| ELI LILLY  CO | COM | 532457108 |  | 248738 | 326 | SH |  | SOLE |  | 0 | 0 | 326 |
| EVGO INC | CL A COM | 30052F100 |  | 68112 | 14400 | SH |  | SOLE |  | 0 | 0 | 14400 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 236239 | 2095 | SH |  | SOLE |  | 0 | 0 | 2095 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 2707343 | 76935 | SH |  | SOLE |  | 0 | 0 | 76935 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 596804 | 12530 | SH |  | SOLE |  | 0 | 0 | 12530 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 278722 | 350 | SH |  | SOLE |  | 0 | 0 | 350 |
| HOME DEPOT INC | COM | 437076102 |  | 221188 | 546 | SH |  | SOLE |  | 0 | 0 | 546 |
| INNOVATOR ETFS TRUST | EQUITY DUAL DIRT | 45784N510 |  | 1663904 | 81285 | SH |  | SOLE |  | 0 | 0 | 81285 |
| INNOVATOR ETFS TRUST | EQUITY DUAL DIRT | 45784N536 |  | 255063 | 12630 | SH |  | SOLE |  | 0 | 0 | 12630 |
| INNOVATOR ETFS TRUST | QUITY MANAGD FLR | 45783Y673 |  | 5892208 | 163536 | SH |  | SOLE |  | 0 | 0 | 163536 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45783Y111 |  | 440030 | 16630 | SH |  | SOLE |  | 0 | 0 | 16630 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45783Y244 |  | 310852 | 10850 | SH |  | SOLE |  | 0 | 0 | 10850 |
| INNOVATOR ETFS TRUST | US EQTY BUFR FEB | 45782C433 |  | 250425 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C748 |  | 2604178 | 63285 | SH |  | SOLE |  | 0 | 0 | 63285 |
| INNOVATOR ETFS TRUST | US EQTY BUF NOV | 45782C581 |  | 218588 | 5025 | SH |  | SOLE |  | 0 | 0 | 5025 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 544464 | 11940 | SH |  | SOLE |  | 0 | 0 | 11940 |
| INNOVATOR ETFS TRUST | US EQTY BUF DEC | 45782C557 |  | 349889 | 7300 | SH |  | SOLE |  | 0 | 0 | 7300 |
| INNOVATOR ETFS TRUST | US EQUT BUFR AUG | 45782C698 |  | 462962 | 9450 | SH |  | SOLE |  | 0 | 0 | 9450 |
| INNOVATOR ETFS TRUST | US EQTY BUF SEP | 45782C664 |  | 677453 | 14030 | SH |  | SOLE |  | 0 | 0 | 14030 |
| INNOVATOR ETFS TRUST | US EQTY BUFR JAN | 45782C409 |  | 294237 | 5550 | SH |  | SOLE |  | 0 | 0 | 5550 |
| INNOVATOR ETFS TRUST | US EQTY BUFR MAR | 45782C391 |  | 448874 | 8700 | SH |  | SOLE |  | 0 | 0 | 8700 |
| INNOVATOR ETFS TRUST | US EQTY BUFR MAY | 45782C326 |  | 216913 | 4950 | SH |  | SOLE |  | 0 | 0 | 4950 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C383 |  | 1664628 | 37910 | SH |  | SOLE |  | 0 | 0 | 37910 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C318 |  | 3962156 | 101868 | SH |  | SOLE |  | 0 | 0 | 101868 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C417 |  | 1479286 | 37271 | SH |  | SOLE |  | 0 | 0 | 37271 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 670256 | 14636 | SH |  | SOLE |  | 0 | 0 | 14636 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 419633 | 10220 | SH |  | SOLE |  | 0 | 0 | 10220 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C540 |  | 2825425 | 67240 | SH |  | SOLE |  | 0 | 0 | 67240 |
| INNOVATOR ETFS TRUST | US EQTY PWR BF | 45782C680 |  | 892082 | 21005 | SH |  | SOLE |  | 0 | 0 | 21005 |
| INNOVATOR ETFS TRUST | US EQT PWR BUF | 45782C870 |  | 4490498 | 117062 | SH |  | SOLE |  | 0 | 0 | 117062 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C656 |  | 1873908 | 43630 | SH |  | SOLE |  | 0 | 0 | 43630 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 475824 | 11040 | SH |  | SOLE |  | 0 | 0 | 11040 |
| INNOVATOR ETFS TRUST | NASDAQ 100 MANA | 45783Y681 |  | 6456161 | 194756 | SH |  | SOLE |  | 0 | 0 | 194756 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5749339 | 30308 | SH |  | SOLE |  | 0 | 0 | 30308 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 2849722 | 57628 | SH |  | SOLE |  | 0 | 0 | 57628 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 1527971 | 14783 | SH |  | SOLE |  | 0 | 0 | 14783 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 429826 | 4456 | SH |  | SOLE |  | 0 | 0 | 4456 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 359142 | 4349 | SH |  | SOLE |  | 0 | 0 | 4349 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 208767 | 3199 | SH |  | SOLE |  | 0 | 0 | 3199 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1088734 | 7475 | SH |  | SOLE |  | 0 | 0 | 7475 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 289900 | 9352 | SH |  | SOLE |  | 0 | 0 | 9352 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 319636 | 1570 | SH |  | SOLE |  | 0 | 0 | 1570 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 614900 | 7412 | SH |  | SOLE |  | 0 | 0 | 7412 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 5348307 | 22104 | SH |  | SOLE |  | 0 | 0 | 22104 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 316257 | 1626 | SH |  | SOLE |  | 0 | 0 | 1626 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 302280 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 468371 | 2526 | SH |  | SOLE |  | 0 | 0 | 2526 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3488967 | 11061 | SH |  | SOLE |  | 0 | 0 | 11061 |
| KT CORP | SPONSORED ADR | 48268K101 |  | 484575 | 24850 | SH |  | SOLE |  | 0 | 0 | 24850 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 200772 | 699 | SH |  | SOLE |  | 0 | 0 | 699 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 6449172 | 84413 | SH |  | SOLE |  | 0 | 0 | 84413 |
| MICROSOFT CORP | COM | 594918104 |  | 7043084 | 13598 | SH |  | SOLE |  | 0 | 0 | 13598 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 306103 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5036545 | 31684 | SH |  | SOLE |  | 0 | 0 | 31684 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 283817 | 621 | SH |  | SOLE |  | 0 | 0 | 621 |
| NEW GOLD INC CDA | COM | 644535106 |  | 3107633 | 432818 | SH |  | SOLE |  | 0 | 0 | 432818 |
| NEWMONT CORP | COM | 651639106 |  | 348200 | 4130 | SH |  | SOLE |  | 0 | 0 | 4130 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 440816 | 5839 | SH |  | SOLE |  | 0 | 0 | 5839 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 456370 | 6168 | SH |  | SOLE |  | 0 | 0 | 6168 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 86758 | 18037 | SH |  | SOLE |  | 0 | 0 | 18037 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 423537 | 2270 | SH |  | SOLE |  | 0 | 0 | 2270 |
| ORACLE CORP | COM | 68389X105 |  | 1039463 | 3696 | SH |  | SOLE |  | 0 | 0 | 3696 |
| OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 |  | 291032 | 85850 | SH |  | SOLE |  | 0 | 0 | 85850 |
| PAYCHEX INC | COM | 704326107 |  | 254405 | 2007 | SH |  | SOLE |  | 0 | 0 | 2007 |
| PEPSICO INC | COM | 713448108 |  | 1075068 | 7655 | SH |  | SOLE |  | 0 | 0 | 7655 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 |  | 254188 | 3525 | SH |  | SOLE |  | 0 | 0 | 3525 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 2847783 | 36412 | SH |  | SOLE |  | 0 | 0 | 36412 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7395258 | 12318 | SH |  | SOLE |  | 0 | 0 | 12318 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 4778112 | 65026 | SH |  | SOLE |  | 0 | 0 | 65026 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 211967 | 5350 | SH |  | SOLE |  | 0 | 0 | 5350 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1210966 | 5277 | SH |  | SOLE |  | 0 | 0 | 5277 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 350987 | 12857 | SH |  | SOLE |  | 0 | 0 | 12857 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 207515 | 7700 | SH |  | SOLE |  | 0 | 0 | 7700 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2479752 | 17818 | SH |  | SOLE |  | 0 | 0 | 17818 |
| SKEENA RES LTD NEW | COM | 83056P715 |  | 361228 | 19600 | SH |  | SOLE |  | 0 | 0 | 19600 |
| SOUTHERN CO | COM | 842587107 |  | 483706 | 5104 | SH |  | SOLE |  | 0 | 0 | 5104 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 492492 | 1062 | SH |  | SOLE |  | 0 | 0 | 1062 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 297046 | 2121 | SH |  | SOLE |  | 0 | 0 | 2121 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 300178 | 10238 | SH |  | SOLE |  | 0 | 0 | 10238 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 463415 | 5746 | SH |  | SOLE |  | 0 | 0 | 5746 |
| T-MOBILE US INC | COM | 872590104 |  | 924486 | 3862 | SH |  | SOLE |  | 0 | 0 | 3862 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 768048 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| BOEING CO | COM | 097023105 |  | 724541 | 3357 | SH |  | SOLE |  | 0 | 0 | 3357 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 561876 | 3657 | SH |  | SOLE |  | 0 | 0 | 3657 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 294026 | 3520 | SH |  | SOLE |  | 0 | 0 | 3520 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 8234147 | 164683 | SH |  | SOLE |  | 0 | 0 | 164683 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 213531 | 1145 | SH |  | SOLE |  | 0 | 0 | 1145 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 5381317 | 18320 | SH |  | SOLE |  | 0 | 0 | 18320 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 215358 | 998 | SH |  | SOLE |  | 0 | 0 | 998 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 8285916 | 176446 | SH |  | SOLE |  | 0 | 0 | 176446 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 309992 | 506 | SH |  | SOLE |  | 0 | 0 | 506 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 5749200 | 78263 | SH |  | SOLE |  | 0 | 0 | 78263 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 727881 | 2218 | SH |  | SOLE |  | 0 | 0 | 2218 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 2841529 | 15002 | SH |  | SOLE |  | 0 | 0 | 15002 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1286123 | 29263 | SH |  | SOLE |  | 0 | 0 | 29263 |
| VICTORY PORTFOLIOS II | CORE INTERMEDIAT | 92647N527 |  | 8664840 | 182341 | SH |  | SOLE |  | 0 | 0 | 182341 |
| VICTORY PORTFOLIOS II | SHORT TRM BD ETF | 92647N535 |  | 7754258 | 152074 | SH |  | SOLE |  | 0 | 0 | 152074 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 251368 | 9565 | SH |  | SOLE |  | 0 | 0 | 9565 |
| VISA INC | COM CL A | 92826C839 |  | 1458350 | 4272 | SH |  | SOLE |  | 0 | 0 | 4272 |
| VULCAN MATLS CO | COM | 929160109 |  | 338382 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| WELLTOWER INC | COM | 95040Q104 |  | 591029 | 3318 | SH |  | SOLE |  | 0 | 0 | 3318 |

---