# EDGAR Filing Document

**Accession Number:** 0001929008
**File Stem:** 0001929008-23-000003
**Filing Date:** 2023-2
**Character Count:** 32079
**Document Hash:** 8b434fbec04e57f8f853ff6f731db635
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001929008-23-000003.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001929008-23-000003

**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:** Balboa Wealth Partners
- **CENTRAL INDEX KEY:** 0001929008
- **IRS NUMBER:** 810694237
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22715
- **FILM NUMBER:** 23622770

**BUSINESS ADDRESS:**
- **STREET 1:** 140 NEWPORT CENTER DR
- **STREET 2:** SUITE 200
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 9494451465

**MAIL ADDRESS:**
- **STREET 1:** 140 NEWPORT CENTER DR
- **STREET 2:** SUITE 200
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

### 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:** Balboa Wealth Partners<br>**Address:** 140 NEWPORT CENTER DR<br>SUITE 200<br>NEWPORT BEACH, CA 92660

**Form 13F File Number:** 028-22715

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:** JEFFREY GILBERT<br>**Title:** Chief Compliance Officer<br>**Phone:** 949-445-1465

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

JEFFREY GILBERT  NEWPORT BEACH, CA  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:** 1

**Form 13F Information Table Entry Total:** 282

**Form 13F Information Table Value Total:** $219008798

      (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.]

| No.   | Name                          | Form 13F File Number   |
|:---|:---|:---|
|  | AXXCESS WEALTH MANAGEMENT LLC |  |

### 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 |
| TESLA INC | COM | 88160R101 |  | 18008670 | 146198 | SH |  | DFND | 1 | 0 | 0 | 146198 |
| MICROSOFT CORP | COM | 594918104 |  | 15209412 | 63420 | SH |  | DFND | 1 | 0 | 0 | 63420 |
| APPLE INC | COM | 037833100 |  | 12883055 | 99154 | SH |  | DFND | 1 | 0 | 0 | 99154 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7373897 | 50458 | SH |  | DFND | 1 | 0 | 0 | 50458 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6269563 | 16394 | SH |  | DFND | 1 | 0 | 0 | 16394 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 6266109 | 96744 | SH |  | DFND | 1 | 0 | 0 | 96744 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4480066 | 50491 | SH |  | DFND | 1 | 0 | 0 | 50491 |
| AMAZON COM INC | COM | 023135106 |  | 4082820 | 48605 | SH |  | DFND | 1 | 0 | 0 | 48605 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 4076768 | 9207 | SH |  | DFND | 1 | 0 | 0 | 9207 |
| BOEING CO | COM | 097023105 |  | 2817157 | 14789 | SH |  | DFND | 1 | 0 | 0 | 14789 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2813235 | 37767 | SH |  | DFND | 1 | 0 | 0 | 37767 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2697624 | 8733 | SH |  | DFND | 1 | 0 | 0 | 8733 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2611615 | 7510 | SH |  | DFND | 1 | 0 | 0 | 7510 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2139178 | 8034 | SH |  | DFND | 1 | 0 | 0 | 8034 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2046789 | 6177 | SH |  | DFND | 1 | 0 | 0 | 6177 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 2038345 | 6057 | SH |  | DFND | 1 | 0 | 0 | 6057 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2023824 | 7627 | SH |  | DFND | 1 | 0 | 0 | 7627 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 2009298 | 36875 | SH |  | DFND | 1 | 0 | 0 | 36875 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1907565 | 4179 | SH |  | DFND | 1 | 0 | 0 | 4179 |
| MSCI INC | COM | 55354G100 |  | 1838498 | 3952 | SH |  | DFND | 1 | 0 | 0 | 3952 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1795789 | 2489 | SH |  | DFND | 1 | 0 | 0 | 2489 |
| VISA INC | COM CL A | 92826C839 |  | 1664301 | 8011 | SH |  | DFND | 1 | 0 | 0 | 8011 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1592219 | 13231 | SH |  | DFND | 1 | 0 | 0 | 13231 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1484732 | 2717 | SH |  | DFND | 1 | 0 | 0 | 2717 |
| AT INC | COM | 00206R102 |  | 1417671 | 77005 | SH |  | DFND | 1 | 0 | 0 | 77005 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 1360681 | 14876 | SH |  | DFND | 1 | 0 | 0 | 14876 |
| ABBVIE INC | COM | 00287Y109 |  | 1299455 | 8041 | SH |  | DFND | 1 | 0 | 0 | 8041 |
| ILLUMINA INC | COM | 452327109 |  | 1289227 | 6376 | SH |  | DFND | 1 | 0 | 0 | 6376 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1286655 | 32656 | SH |  | DFND | 1 | 0 | 0 | 32656 |
| SSGA ACTIVE TR | SPDR SSGA FXD | 78470P507 |  | 1276893 | 49873 | SH |  | DFND | 1 | 0 | 0 | 49873 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1273570 | 7210 | SH |  | DFND | 1 | 0 | 0 | 7210 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 1265655 | 42629 | SH |  | DFND | 1 | 0 | 0 | 42629 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1265649 | 11696 | SH |  | DFND | 1 | 0 | 0 | 11696 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 1264921 | 16967 | SH |  | DFND | 1 | 0 | 0 | 16967 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1238177 | 7494 | SH |  | DFND | 1 | 0 | 0 | 7494 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1209710 | 6938 | SH |  | DFND | 1 | 0 | 0 | 6938 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1193493 | 6649 | SH |  | DFND | 1 | 0 | 0 | 6649 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1192081 | 9580 | SH |  | DFND | 1 | 0 | 0 | 9580 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1154237 | 7611 | SH |  | DFND | 1 | 0 | 0 | 7611 |
| HOME DEPOT INC | COM | 437076102 |  | 1145518 | 3627 | SH |  | DFND | 1 | 0 | 0 | 3627 |
| PFIZER INC | COM | 717081103 |  | 1140325 | 22255 | SH |  | DFND | 1 | 0 | 0 | 22255 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1123090 | 8267 | SH |  | DFND | 1 | 0 | 0 | 8267 |
| PROSHARES TR | SHORT S 500 NE | 74347B425 |  | 1076527 | 67157 | SH |  | DFND | 1 | 0 | 0 | 67157 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 1063218 | 9841 | SH |  | DFND | 1 | 0 | 0 | 9841 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1030940 | 11685 | SH |  | DFND | 1 | 0 | 0 | 11685 |
| BP PLC | SPONSORED ADR | 055622104 |  | 991093 | 28374 | SH |  | DFND | 1 | 0 | 0 | 28374 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 982769 | 9738 | SH |  | DFND | 1 | 0 | 0 | 9738 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 965861 | 19325 | SH |  | DFND | 1 | 0 | 0 | 19325 |
| DISNEY WALT CO | COM | 254687106 |  | 955801 | 11001 | SH |  | DFND | 1 | 0 | 0 | 11001 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 944030 | 12497 | SH |  | DFND | 1 | 0 | 0 | 12497 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 920684 | 6866 | SH |  | DFND | 1 | 0 | 0 | 6866 |
| SPDR SER TR | PORTFOLIO AGRGTE | 78464A649 |  | 909254 | 36182 | SH |  | DFND | 1 | 0 | 0 | 36182 |
| QUALCOMM INC | COM | 747525103 |  | 867894 | 7894 | SH |  | DFND | 1 | 0 | 0 | 7894 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 867745 | 5725 | SH |  | DFND | 1 | 0 | 0 | 5725 |
| SSGA ACTIVE TR | SPDR SSGA US SCT | 78470P408 |  | 851351 | 21880 | SH |  | DFND | 1 | 0 | 0 | 21880 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 847858 | 10619 | SH |  | DFND | 1 | 0 | 0 | 10619 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 818940 | 4642 | SH |  | DFND | 1 | 0 | 0 | 4642 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 811558 | 4784 | SH |  | DFND | 1 | 0 | 0 | 4784 |
| ABBOTT LABS | COM | 002824100 |  | 752975 | 6858 | SH |  | DFND | 1 | 0 | 0 | 6858 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 744380 | 1404 | SH |  | DFND | 1 | 0 | 0 | 1404 |
| MOODYS CORP | COM | 615369105 |  | 732488 | 2629 | SH |  | DFND | 1 | 0 | 0 | 2629 |
| ALBEMARLE CORP | COM | 012653101 |  | 731903 | 3375 | SH |  | DFND | 1 | 0 | 0 | 3375 |
| S GLOBAL INC | COM | 78409V104 |  | 730708 | 2182 | SH |  | DFND | 1 | 0 | 0 | 2182 |
| NETFLIX INC | COM | 64110L106 |  | 705353 | 2392 | SH |  | DFND | 1 | 0 | 0 | 2392 |
| MCDONALDS CORP | COM | 580135101 |  | 683682 | 2594 | SH |  | DFND | 1 | 0 | 0 | 2594 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 678374 | 19836 | SH |  | DFND | 1 | 0 | 0 | 19836 |
| SOUTHERN CO | COM | 842587107 |  | 676522 | 9474 | SH |  | DFND | 1 | 0 | 0 | 9474 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 659326 | 6259 | SH |  | DFND | 1 | 0 | 0 | 6259 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 656525 | 13120 | SH |  | DFND | 1 | 0 | 0 | 13120 |
| LILLY ELI  CO | COM | 532457108 |  | 652897 | 1785 | SH |  | DFND | 1 | 0 | 0 | 1785 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 641401 | 5815 | SH |  | DFND | 1 | 0 | 0 | 5815 |
| MCKESSON CORP | COM | 58155Q103 |  | 640705 | 1708 | SH |  | DFND | 1 | 0 | 0 | 1708 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 631852 | 1299 | SH |  | DFND | 1 | 0 | 0 | 1299 |
| ONEOK INC NEW | COM | 682680103 |  | 603060 | 9179 | SH |  | DFND | 1 | 0 | 0 | 9179 |
| MERCK  CO INC | COM | 58933Y105 |  | 598505 | 5394 | SH |  | DFND | 1 | 0 | 0 | 5394 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 593967 | 8425 | SH |  | DFND | 1 | 0 | 0 | 8425 |
| BROADCOM INC | COM | 11135F101 |  | 582613 | 1042 | SH |  | DFND | 1 | 0 | 0 | 1042 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 572513 | 6545 | SH |  | DFND | 1 | 0 | 0 | 6545 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 571231 | 11395 | SH |  | DFND | 1 | 0 | 0 | 11395 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 565980 | 7527 | SH |  | DFND | 1 | 0 | 0 | 7527 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 556273 | 15341 | SH |  | DFND | 1 | 0 | 0 | 15341 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 556021 | 6477 | SH |  | DFND | 1 | 0 | 0 | 6477 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 526169 | 28488 | SH |  | DFND | 1 | 0 | 0 | 28488 |
| PEPSICO INC | COM | 713448108 |  | 517355 | 2864 | SH |  | DFND | 1 | 0 | 0 | 2864 |
| SPDR SER TR | AEROSPACE DEF | 78464A631 |  | 509311 | 4628 | SH |  | DFND | 1 | 0 | 0 | 4628 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 507663 | 5763 | SH |  | DFND | 1 | 0 | 0 | 5763 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 499805 | 8644 | SH |  | DFND | 1 | 0 | 0 | 8644 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 492904 | 6861 | SH |  | DFND | 1 | 0 | 0 | 6861 |
| VENTAS INC | COM | 92276F100 |  | 464601 | 10313 | SH |  | DFND | 1 | 0 | 0 | 10313 |
| ISHARES TR | CORE S ETF | 464287200 |  | 451605 | 1175 | SH |  | DFND | 1 | 0 | 0 | 1175 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 435887 | 30914 | SH |  | DFND | 1 | 0 | 0 | 30914 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 435793 | 1269 | SH |  | DFND | 1 | 0 | 0 | 1269 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 429683 | 2279 | SH |  | DFND | 1 | 0 | 0 | 2279 |
| WALMART INC | COM | 931142103 |  | 421613 | 2974 | SH |  | DFND | 1 | 0 | 0 | 2974 |
| INTEL CORP | COM | 458140100 |  | 416103 | 15744 | SH |  | DFND | 1 | 0 | 0 | 15744 |
| FORD MTR CO DEL | COM | 345370860 |  | 400130 | 34405 | SH |  | DFND | 1 | 0 | 0 | 34405 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 398722 | 3379 | SH |  | DFND | 1 | 0 | 0 | 3379 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 397493 | 2287 | SH |  | DFND | 1 | 0 | 0 | 2287 |
| CISCO SYS INC | COM | 17275R102 |  | 394450 | 8280 | SH |  | DFND | 1 | 0 | 0 | 8280 |
| CATERPILLAR INC | COM | 149123101 |  | 393346 | 1642 | SH |  | DFND | 1 | 0 | 0 | 1642 |
| TARGET CORP | COM | 87612E106 |  | 393251 | 2639 | SH |  | DFND | 1 | 0 | 0 | 2639 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 390295 | 4124 | SH |  | DFND | 1 | 0 | 0 | 4124 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 388436 | 6315 | SH |  | DFND | 1 | 0 | 0 | 6315 |
| SPDR SER TR | PORTFLI INTRMDIT | 78464A672 |  | 387650 | 13727 | SH |  | DFND | 1 | 0 | 0 | 13727 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 378250 | 5025 | SH |  | DFND | 1 | 0 | 0 | 5025 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 370317 | 3596 | SH |  | DFND | 1 | 0 | 0 | 3596 |
| SPDR SER TR | BLOOMBERG 1 10 Y | 78468R861 |  | 367579 | 19923 | SH |  | DFND | 1 | 0 | 0 | 19923 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 365473 | 7250 | SH |  | DFND | 1 | 0 | 0 | 7250 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 364573 | 9872 | SH |  | DFND | 1 | 0 | 0 | 9872 |
| SPDR SER TR | NUVEEN BLMBRG SH | 78468R739 |  | 360107 | 7665 | SH |  | DFND | 1 | 0 | 0 | 7665 |
| DEERE  CO | COM | 244199105 |  | 355833 | 830 | SH |  | DFND | 1 | 0 | 0 | 830 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 353679 | 754 | SH |  | DFND | 1 | 0 | 0 | 754 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 352471 | 646 | SH |  | DFND | 1 | 0 | 0 | 646 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 352220 | 6801 | SH |  | DFND | 1 | 0 | 0 | 6801 |
| SEMPRA | COM | 816851109 |  | 334270 | 2163 | SH |  | DFND | 1 | 0 | 0 | 2163 |
| STARBUCKS CORP | COM | 855244109 |  | 327378 | 3300 | SH |  | DFND | 1 | 0 | 0 | 3300 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 325705 | 33682 | SH |  | DFND | 1 | 0 | 0 | 33682 |
| AMGEN INC | COM | 031162100 |  | 319633 | 1217 | SH |  | DFND | 1 | 0 | 0 | 1217 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 316878 | 6296 | SH |  | DFND | 1 | 0 | 0 | 6296 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 307051 | 8738 | SH |  | DFND | 1 | 0 | 0 | 8738 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 304056 | 3054 | SH |  | DFND | 1 | 0 | 0 | 3054 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 302291 | 3900 | SH |  | DFND | 1 | 0 | 0 | 3900 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 301829 | 548 | SH |  | DFND | 1 | 0 | 0 | 548 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 300805 | 12389 | SH |  | DFND | 1 | 0 | 0 | 12389 |
| COCA COLA CO | COM | 191216100 |  | 297297 | 4674 | SH |  | DFND | 1 | 0 | 0 | 4674 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 296280 | 20046 | SH |  | DFND | 1 | 0 | 0 | 20046 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 292416 | 3820 | SH |  | DFND | 1 | 0 | 0 | 3820 |
| CVS HEALTH CORP | COM | 126650100 |  | 287369 | 3084 | SH |  | DFND | 1 | 0 | 0 | 3084 |
| SIMPSON MFG INC | COM | 829073105 |  | 286372 | 3230 | SH |  | DFND | 1 | 0 | 0 | 3230 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 285541 | 6247 | SH |  | DFND | 1 | 0 | 0 | 6247 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 282912 | 2881 | SH |  | DFND | 1 | 0 | 0 | 2881 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 278815 | 6817 | SH |  | DFND | 1 | 0 | 0 | 6817 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 276534 | 8390 | SH |  | DFND | 1 | 0 | 0 | 8390 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 274331 | 6076 | SH |  | DFND | 1 | 0 | 0 | 6076 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 272164 | 5738 | SH |  | DFND | 1 | 0 | 0 | 5738 |
| SPDR SER TR | PORTFOLIO LN TSR | 78464A664 |  | 271576 | 9355 | SH |  | DFND | 1 | 0 | 0 | 9355 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 268429 | 3456 | SH |  | DFND | 1 | 0 | 0 | 3456 |
| SPDR INDEX SHS FDS | PORTFLO EURP ETF | 78463X103 |  | 265413 | 7651 | SH |  | DFND | 1 | 0 | 0 | 7651 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 264543 | 4111 | SH |  | DFND | 1 | 0 | 0 | 4111 |
| EMERSON ELEC CO | COM | 291011104 |  | 263941 | 2748 | SH |  | DFND | 1 | 0 | 0 | 2748 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 263051 | 2599 | SH |  | DFND | 1 | 0 | 0 | 2599 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 263012 | 4116 | SH |  | DFND | 1 | 0 | 0 | 4116 |
| CIGNA CORP NEW | COM | 125523100 |  | 259024 | 782 | SH |  | DFND | 1 | 0 | 0 | 782 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 257892 | 22642 | SH |  | DFND | 1 | 0 | 0 | 22642 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 256898 | 2117 | SH |  | DFND | 1 | 0 | 0 | 2117 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 253664 | 14520 | SH |  | DFND | 1 | 0 | 0 | 14520 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 250125 | 1775 | SH |  | DFND | 1 | 0 | 0 | 1775 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 246408 | 8071 | SH |  | DFND | 1 | 0 | 0 | 8071 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 245758 | 1116 | SH |  | DFND | 1 | 0 | 0 | 1116 |
| GENERAL MTRS CO | COM | 37045V100 |  | 244737 | 7275 | SH |  | DFND | 1 | 0 | 0 | 7275 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 241823 | 1733 | SH |  | DFND | 1 | 0 | 0 | 1733 |
| NIKE INC | CL B | 654106103 |  | 237296 | 2028 | SH |  | DFND | 1 | 0 | 0 | 2028 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 235437 | 1570 | SH |  | DFND | 1 | 0 | 0 | 1570 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 234995 | 1014 | SH |  | DFND | 1 | 0 | 0 | 1014 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 233393 | 2792 | SH |  | DFND | 1 | 0 | 0 | 2792 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 233237 | 728 | SH |  | DFND | 1 | 0 | 0 | 728 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 226488 | 1477 | SH |  | DFND | 1 | 0 | 0 | 1477 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 225254 | 2426 | SH |  | DFND | 1 | 0 | 0 | 2426 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 224365 | 2314 | SH |  | DFND | 1 | 0 | 0 | 2314 |
| LAM RESEARCH CORP | COM | 512807108 |  | 221918 | 528 | SH |  | DFND | 1 | 0 | 0 | 528 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 219271 | 2078 | SH |  | DFND | 1 | 0 | 0 | 2078 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 214128 | 2247 | SH |  | DFND | 1 | 0 | 0 | 2247 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 211502 | 1431 | SH |  | DFND | 1 | 0 | 0 | 1431 |
| MARATHON PETE CORP | COM | 56585A102 |  | 206010 | 1770 | SH |  | DFND | 1 | 0 | 0 | 1770 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 205908 | 6141 | SH |  | DFND | 1 | 0 | 0 | 6141 |
| INVESCO EXCH TRADED FD TR II | CEF INM COMPSI | 46138E404 |  | 204901 | 11308 | SH |  | DFND | 1 | 0 | 0 | 11308 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 202881 | 2499 | SH |  | DFND | 1 | 0 | 0 | 2499 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 201964 | 2807 | SH |  | DFND | 1 | 0 | 0 | 2807 |
| HONEYWELL INTL INC | COM | 438516106 |  | 201846 | 942 | SH |  | DFND | 1 | 0 | 0 | 942 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 201495 | 1288 | SH |  | DFND | 1 | 0 | 0 | 1288 |
| SPDR SER TR | BLOOMBERG EMERGI | 78464A391 |  | 200604 | 9757 | SH |  | DFND | 1 | 0 | 0 | 9757 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 197873 | 10944 | SH |  | DFND | 1 | 0 | 0 | 10944 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 128932 | 11574 | SH |  | DFND | 1 | 0 | 0 | 11574 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 121331 | 14851 | SH |  | DFND | 1 | 0 | 0 | 14851 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2812266 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 2520256 | 42400 | SH |  | SOLE |  | 0 | 0 | 42400 |
| UBIQUITI INC | COM | 90353W103 |  | 1595777 | 5834 | SH |  | SOLE |  | 0 | 0 | 5834 |
| STRATEGY SHS | NS 7HANDL IDX | 86280R506 |  | 1463424 | 74741 | SH |  | SOLE |  | 0 | 0 | 74741 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1348140 | 22324 | SH |  | SOLE |  | 0 | 0 | 22324 |
| BNY MELLON ETF TRUST | HIGH YIELD BETA | 09661T800 |  | 1047242 | 22743 | SH |  | SOLE |  | 0 | 0 | 22743 |
| PROSHARES TR | PSHS SH MSCI EAF | 74347R370 |  | 1007660 | 50383 | SH |  | SOLE |  | 0 | 0 | 50383 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 987285 | 6806 | SH |  | SOLE |  | 0 | 0 | 6806 |
| OMEGA FLEX INC | COM | 682095104 |  | 860504 | 9221 | SH |  | SOLE |  | 0 | 0 | 9221 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 806567 | 24091 | SH |  | SOLE |  | 0 | 0 | 24091 |
| MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 |  | 726252 | 69498 | SH |  | SOLE |  | 0 | 0 | 69498 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C672 |  | 695889 | 26647 | SH |  | SOLE |  | 0 | 0 | 26647 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 646155 | 7785 | SH |  | SOLE |  | 0 | 0 | 7785 |
| INVESCO EXCH TRADED FD TR II | S MDCP 400 REV | 46138G672 |  | 635431 | 7400 | SH |  | SOLE |  | 0 | 0 | 7400 |
| INVESCO EXCH TRADED FD TR II | S SMALLCAP 600 | 46138G664 |  | 633497 | 5837 | SH |  | SOLE |  | 0 | 0 | 5837 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C730 |  | 601331 | 22442 | SH |  | SOLE |  | 0 | 0 | 22442 |
| GABELLI UTIL TR | COM | 36240A101 |  | 599223 | 79790 | SH |  | SOLE |  | 0 | 0 | 79790 |
| LITHIUM AMERS CORP NEW | COM NEW | 53680Q207 |  | 583433 | 30788 | SH |  | SOLE |  | 0 | 0 | 30788 |
| CAMECO CORP | COM | 13321L108 |  | 558201 | 24623 | SH |  | SOLE |  | 0 | 0 | 24623 |
| AMBARELLA INC | SHS | G037AX101 |  | 516158 | 6277 | SH |  | SOLE |  | 0 | 0 | 6277 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 505919 | 13692 | SH |  | SOLE |  | 0 | 0 | 13692 |
| FIRST TR MORNINGSTAR DIVID L | SHS | 336917109 |  | 458974 | 12554 | SH |  | SOLE |  | 0 | 0 | 12554 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C839 |  | 430205 | 16704 | SH |  | SOLE |  | 0 | 0 | 16704 |
| INVESCO EXCHANGE TRADED FD T | DYNMC MKT ETF | 46137V712 |  | 426154 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 419283 | 9540 | SH |  | SOLE |  | 0 | 0 | 9540 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 409119 | 1164 | SH |  | SOLE |  | 0 | 0 | 1164 |
| PG CORP | COM | 69331C108 |  | 397183 | 24427 | SH |  | SOLE |  | 0 | 0 | 24427 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 340398 | 6808 | SH |  | SOLE |  | 0 | 0 | 6808 |
| INNOVATOR ETFS TR | GRWT ACLRTD PLUS | 45783Y871 |  | 315857 | 16129 | SH |  | SOLE |  | 0 | 0 | 16129 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 296869 | 4015 | SH |  | SOLE |  | 0 | 0 | 4015 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 294089 | 5018 | SH |  | SOLE |  | 0 | 0 | 5018 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 293897 | 4452 | SH |  | SOLE |  | 0 | 0 | 4452 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 293865 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| ABRDN PRECIOUS METALS BASKET | PHYSCL PRECS MET | 003263100 |  | 278041 | 3116 | SH |  | SOLE |  | 0 | 0 | 3116 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 253902 | 920 | SH |  | SOLE |  | 0 | 0 | 920 |
| WYNN RESORTS LTD | COM | 983134107 |  | 252771 | 3065 | SH |  | SOLE |  | 0 | 0 | 3065 |
| MOSAIC CO NEW | COM | 61945C103 |  | 250236 | 5704 | SH |  | SOLE |  | 0 | 0 | 5704 |
| FIRST TR EXCHANGE-TRADED FD | DORSEY WRT 5 ETF | 33738R605 |  | 244860 | 5260 | SH |  | SOLE |  | 0 | 0 | 5260 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 232034 | 4810 | SH |  | SOLE |  | 0 | 0 | 4810 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 216944 | 1182 | SH |  | SOLE |  | 0 | 0 | 1182 |
| BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 |  | 213422 | 24419 | SH |  | SOLE |  | 0 | 0 | 24419 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 206041 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 198652 | 12486 | SH |  | SOLE |  | 0 | 0 | 12486 |
| NUVEEN ARIZONA QLTY MUN INC | COM | 67061W104 |  | 140002 | 12545 | SH |  | SOLE |  | 0 | 0 | 12545 |
| CBRE GBL REAL ESTATE INC FD | COM | 12504G100 |  | 123602 | 21571 | SH |  | SOLE |  | 0 | 0 | 21571 |
| LOOP INDS INC | COM | 543518104 |  | 122607 | 51300 | SH |  | SOLE |  | 0 | 0 | 51300 |
| GOLDEN OCEAN GROUP LTD | SHS NEW | G39637205 |  | 118479 | 13634 | SH |  | SOLE |  | 0 | 0 | 13634 |
| PIONEER NAT RES CO | NOTE 0.250% 5/1 | 723787AP2 |  | 112421 | 48000 | PRN |  | SOLE |  | 0 | 0 | 48000 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 91740 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| EQT CORP | NOTE 1.750% 5/0 | 26884LAK5 |  | 73706 | 32000 | PRN |  | SOLE |  | 0 | 0 | 32000 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 72448 | 13879 | SH |  | SOLE |  | 0 | 0 | 13879 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 61425 | 12587 | SH |  | SOLE |  | 0 | 0 | 12587 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 0.599% 8/0 | 09061GAH4 |  | 56865 | 53000 | PRN |  | SOLE |  | 0 | 0 | 53000 |
| NICE LTD | NOTE 9/1 | 653656AB4 |  | 56673 | 60000 | PRN |  | SOLE |  | 0 | 0 | 60000 |
| CANOPY GROWTH CORP | COM | 138035100 |  | 51086 | 22115 | SH |  | SOLE |  | 0 | 0 | 22115 |
| HELIX ENERGY SOLUTIONS GRP I | NOTE 6.750% 2/1 | 42330PAK3 |  | 49374 | 36000 | PRN |  | SOLE |  | 0 | 0 | 36000 |
| SOUTHWEST AIRLS CO | NOTE 1.250% 5/0 | 844741BG2 |  | 42528 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| DEXCOM INC | NOTE 0.250%11/1 | 252131AK3 |  | 41262 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.125%11/1 | 595017AU8 |  | 41043 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| INVESCO SR INCOME TR | COM | 46131H107 |  | 40215 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| DISH NETWORK CORPORATION | NOTE 3.375% 8/1 | 25470MAB5 |  | 40209 | 64000 | PRN |  | SOLE |  | 0 | 0 | 64000 |
| VAIL RESORTS INC | NOTE 1/0 | 91879QAN9 |  | 39836 | 43000 | PRN |  | SOLE |  | 0 | 0 | 43000 |
| SILICON LABORATORIES INC | NOTE 0.625% 6/1 | 826919AD4 |  | 38761 | 31000 | PRN |  | SOLE |  | 0 | 0 | 31000 |
| ENVESTNET INC | NOTE 1.750% 6/0 | 29404KAB2 |  | 38461 | 37000 | PRN |  | SOLE |  | 0 | 0 | 37000 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 38265 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| INTEGRA LIFESCIENCES HLDGS C | NOTE 0.500% 8/1 | 457985AM1 |  | 36905 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| FORD MTR CO DEL | NOTE 3/1 | 345370CZ1 |  | 36704 | 39000 | PRN |  | SOLE |  | 0 | 0 | 39000 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 36415 | 44000 | PRN |  | SOLE |  | 0 | 0 | 44000 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 35493 | 23000 | PRN |  | SOLE |  | 0 | 0 | 23000 |
| BURLINGTON STORES INC | NOTE 2.250% 4/1 | 122017AB2 |  | 34405 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| NRG ENERGY INC | DBCV 2.750% 6/0 | 629377CG5 |  | 34404 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| CONMED CORP | NOTE 2.625% 2/0 | 207410AF8 |  | 33993 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| PALO ALTO NETWORKS INC | NOTE 0.375% 6/0 | 697435AF2 |  | 33881 | 23000 | PRN |  | SOLE |  | 0 | 0 | 23000 |
| ZILLOW GROUP INC | NOTE 2.750% 5/1 | 98954MAH4 |  | 33649 | 35000 | PRN |  | SOLE |  | 0 | 0 | 35000 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 |  | 33200 | 45000 | PRN |  | SOLE |  | 0 | 0 | 45000 |
| NUVASIVE INC | NOTE 0.375% 3/1 | 670704AJ4 |  | 33124 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 32615 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| RINGCENTRAL INC | NOTE 3/0 | 76680RAF4 |  | 32018 | 37000 | PRN |  | SOLE |  | 0 | 0 | 37000 |
| PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 |  | 31103 | 38000 | PRN |  | SOLE |  | 0 | 0 | 38000 |
| PATRICK INDS INC | DBCV 1.000% 2/0 | 703343AB9 |  | 30898 | 31000 | PRN |  | SOLE |  | 0 | 0 | 31000 |
| LIBERTY MEDIA CORP DEL | NOTE 1.375%10/1 | 531229AB8 |  | 30863 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 |  | 29941 | 39000 | PRN |  | SOLE |  | 0 | 0 | 39000 |
| ROYAL CARIBBEAN GROUP | NOTE 4.250% 6/1 | 780153BB7 |  | 29653 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| WESTERN DIGITAL CORP. | NOTE 1.500% 2/0 | 958102AP0 |  | 29531 | 31000 | PRN |  | SOLE |  | 0 | 0 | 31000 |
| HOPE BANCORP INC | NOTE 2.000% 5/1 | 43940TAB5 |  | 29310 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.125% 5/0 | 00971TAJ0 |  | 27492 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| EZCORP INC | NOTE 2.375% 5/0 | 302301AE6 |  | 26611 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 25358 | 32000 | PRN |  | SOLE |  | 0 | 0 | 32000 |
| PARATEK PHARMACEUTICALS INC | NOTE 4.750% 5/0 | 699374AB0 |  | 21730 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| WESTERN ASSET MORTGAGE CAPIT | NOTE 6.750% 9/1 | 95790DAD7 |  | 21600 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| SPLUNK INC | NOTE 1.125% 9/1 | 848637AD6 |  | 21588 | 23000 | PRN |  | SOLE |  | 0 | 0 | 23000 |
| INTERCEPT PHARMACEUTICALS IN | NOTE 3.250% 7/0 | 45845PAA6 |  | 20579 | 21000 | PRN |  | SOLE |  | 0 | 0 | 21000 |
| BLOCK INC | NOTE 0.125% 3/0 | 852234AF0 |  | 20098 | 21000 | PRN |  | SOLE |  | 0 | 0 | 21000 |
| TILRAY BRANDS INC | NOTE 5.000%10/0 | 88688TAB6 |  | 19407 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| HELLO GROUP INC | NOTE 1.250% 7/0 | 60879BAB3 |  | 19024 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| SPIRIT AIRLS INC | NOTE 1.000% 5/1 | 848577AB8 |  | 18591 | 23000 | PRN |  | SOLE |  | 0 | 0 | 23000 |
| IONIS PHARMACEUTICALS INC | NOTE 4/0 | 462222AD2 |  | 18557 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| MFA FINL INC | NOTE 6.250% 6/1 | 55272XAA0 |  | 17900 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| ONCTERNAL THERAPEUTICS INC | COM | 68236P107 |  | 17500 | 17500 | SH |  | SOLE |  | 0 | 0 | 17500 |
| APPLIED OPTOELECTRONICS INC | NOTE 5.000% 3/1 | 03823UAB8 |  | 16632 | 27000 | PRN |  | SOLE |  | 0 | 0 | 27000 |
| VIAVI SOLUTIONS INC | NOTE 1.000% 3/0 | 925550AB1 |  | 16289 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| OMEROS CORP | NOTE 6.250%11/1 | 682143AE2 |  | 14175 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| EVERBRIDGE INC | NOTE 0.125%12/1 | 29978AAC8 |  | 12546 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| INSEEGO CORP | NOTE 3.250% 5/0 | 45782BAD6 |  | 12000 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| SNAP INC | NOTE 0.750% 8/0 | 83304AAB2 |  | 11849 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| GREENLIGHT CAP RE LTD | NOTE 4.000% 8/0 | 395366AB3 |  | 9650 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| IRONNET INC | COM | 46323Q105 |  | 7038 | 30600 | SH |  | SOLE |  | 0 | 0 | 30600 |
| DERMTECH INC | Call | 24984K905 |  | 1264 | 10400 | SH |  | SOLE |  | 0 | 0 | 10400 |

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