# EDGAR Filing Document

**Accession Number:** 0001829231
**File Stem:** 0001999371-25-018008
**Filing Date:** 2025-11
**Character Count:** 37197
**Document Hash:** b669c576e6f1ecefd7f634e0564124b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-018008.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0001999371-25-018008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**EFFECTIVENESS DATE**: 20251117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FWL INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001829231

**ORGANIZATION NAME:**
- **EIN:** 472432324
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20432
- **FILM NUMBER:** 251490957

**BUSINESS ADDRESS:**
- **STREET 1:** 3102 OAK LAWN AVENUE
- **STREET 2:** SUITE 750
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219
- **BUSINESS PHONE:** (214) 445-5900

**MAIL ADDRESS:**
- **STREET 1:** 3102 OAK LAWN AVENUE
- **STREET 2:** SUITE 750
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219

### 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:** FWL INVESTMENT MANAGEMENT LLC<br>**Address:** 3102 Oak Lawn Avenue<br>Suite 750<br>Dallas, TX 75219

**Form 13F File Number:** 028-20432

**CRD Number (if applicable):** 000174119

**SEC File Number (if applicable):** 801-110851

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:** Thayne Gould<br>**Title:** Chief Compliance Officer<br>**Phone:** 610-897-0900

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

/s/ Thayne Gould  Chadds Ford, PA  11-14-2025<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:** 332

**Form 13F Information Table Value Total:** $383627983

      (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 |
| SHELL PLC SPON ADS | ADR | 780259305 |  | 14306 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ICICI BANK LIMITED ADR | ADR | 45104G104 |  | 9371235 | 309998 | SH |  | SOLE |  | 309997 | 0 | 0 |
| INFOSYS LTD SPONSORED ADR | ADR | 456788108 |  | 16319 | 1003 | SH |  | SOLE |  | 1003 | 0 | 0 |
| SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR | ADR | 86562M209 |  | 38686 | 2311 | SH |  | SOLE |  | 2311 | 0 | 0 |
| TRIP COM GROUP LTD ADS | ADR | 89677Q107 |  | 12709 | 169 | SH |  | SOLE |  | 169 | 0 | 0 |
| ASML HOLDING N V N Y REGISTRY SHS | ADR | N07059210 |  | 33883 | 35 | SH |  | SOLE |  | 35 | 0 | 0 |
| BANCO SANTANDER S.A. ADR | ADR | 05964H105 |  | 20551 | 1961 | SH |  | SOLE |  | 1961 | 0 | 0 |
| MIZUHO FINANCIAL GROUP INC SPONSORED ADR | ADR | 60687Y109 |  | 11544 | 1723 | SH |  | SOLE |  | 1723 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 94400 | 338 | SH |  | SOLE |  | 338 | 0 | 0 |
| ARM HOLDINGS PLC SPONSORED ADS | ADR | 042068205 |  | 17686 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| EMBRAER S.A. SPONSORED ADS | ADR | 29082A107 |  | 10337 | 171 | SH |  | SOLE |  | 171 | 0 | 0 |
| VODAFONE GROUP PLC NEW SPONSORED ADR | ADR | 92857W308 |  | 383 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| SAP SE SPON ADR | ADR | 803054204 |  | 8818 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| INDIA FD INC COM | CEF | 454089103 |  | 1319 | 90 | SH |  | SOLE |  | 90 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 2830593 | 4715 | SH |  | SOLE |  | 4714 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 252828 | 897 | SH |  | SOLE |  | 897 | 0 | 0 |
| ISHARES GOLD TRUST | ETF | 464285204 |  | 1834968 | 25216 | SH |  | SOLE |  | 25216 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 50210 | 153 | SH |  | SOLE |  | 153 | 0 | 0 |
| FRANKLIN SHORT DURATION U.S. GOVERNMENT ETF | ETF | 353506108 |  | 1868 | 21 | SH |  | SOLE |  | 20 | 0 | 0 |
| REAL ESTATE SELECT SECTOR SPDR FUND | ETF | 81369Y860 |  | 27300 | 648 | SH |  | SOLE |  | 648 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 18284 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| SPDR PORTFOLIO LONG TERM TREASURY ETF | ETF | 78464A664 |  | 229075 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| ISHARES U.S. FINANCIALS ETF | ETF | 464287788 |  | 145383 | 1148 | SH |  | SOLE |  | 1148 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 158140 | 237 | SH |  | SOLE |  | 237 | 0 | 0 |
| ISHARES MSCI JAPAN ETF | ETF | 46434G822 |  | 151819 | 1893 | SH |  | SOLE |  | 1892 | 0 | 0 |
| FIDELITY QUALITY FACTOR ETF | ETF | 316092790 |  | 275343 | 3685 | SH |  | SOLE |  | 3685 | 0 | 0 |
| VANGUARD EXTENDED DURATION TREASURY ETF | ETF | 921910709 |  | 271678 | 3969 | SH |  | SOLE |  | 3969 | 0 | 0 |
| ISHARES S 100 ETF | ETF | 464287101 |  | 33284 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| PACER US CASH COWS 100 ETF | ETF | 69374H881 |  | 432941 | 7533 | SH |  | SOLE |  | 7533 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 1037000 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF | ETF | 37954Y673 |  | 142698 | 2996 | SH |  | SOLE |  | 2995 | 0 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | ETF | 81369Y209 |  | 4175 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 15559699 | 43772 | SH |  | SOLE |  | 43772 | 0 | 0 |
| FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES  INCOME ETF | ETF | 33739P855 |  | 1415106 | 73170 | SH |  | SOLE |  | 73169 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 1393520 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 185697 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| FIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX | ETF | 33737A108 |  | 315520 | 2088 | SH |  | SOLE |  | 2088 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 11769 | 232 | SH |  | SOLE |  | 232 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP GROWTH ETF | ETF | 808524300 |  | 21603 | 677 | SH |  | SOLE |  | 677 | 0 | 0 |
| SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF | ETF | 78464A474 |  | 1575 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| JPMORGAN U.S. MOMENTUM FACTOR ETF | ETF | 46641Q779 |  | 7272 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 63693 | 536 | SH |  | SOLE |  | 536 | 0 | 0 |
| FIRST TRUST NASDAQ ARTIFICIAL INTELLIGENCE  ROBOTICS ETF | ETF | 33738R720 |  | 793 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| FIRST TRUST SMID CAP RISING DIVIDEND ACHIEVERS ETF | ETF | 33741X102 |  | 39997 | 1052 | SH |  | SOLE |  | 1052 | 0 | 0 |
| SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST | ETF | 98149E303 |  | 117427 | 1536 | SH |  | SOLE |  | 1536 | 0 | 0 |
| VANGUARD SHORT-TERM TREASURY ETF | ETF | 92206C102 |  | 24386 | 414 | SH |  | SOLE |  | 414 | 0 | 0 |
| VANGUARD LONG-TERM TREASURY ETF | ETF | 92206C847 |  | 71323 | 1254 | SH |  | SOLE |  | 1254 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS EX CHINA ETF | ETF | 46434G764 |  | 13367 | 198 | SH |  | SOLE |  | 198 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 15344 | 285 | SH |  | SOLE |  | 284 | 0 | 0 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 16006274 | 341067 | SH |  | SOLE |  | 341066 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 520401 | 697 | SH |  | SOLE |  | 697 | 0 | 0 |
| HARTFORD TOTAL RETURN BOND ETF | ETF | 41653L305 |  | 36 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 73486 | 120 | SH |  | SOLE |  | 120 | 0 | 0 |
| GLOBAL X CLOUD COMPUTING ETF | ETF | 37954Y442 |  | 6513 | 280 | SH |  | SOLE |  | 280 | 0 | 0 |
| FRANKLIN INTERNATIONAL AGGREGATE BOND ETF | ETF | 35473P611 |  | 969 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| GLOBAL X COPPER MINERS ETF | ETF | 37954Y830 |  | 4472910 | 74785 | SH |  | SOLE |  | 74785 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 12331 | 65 | SH |  | SOLE |  | 65 | 0 | 0 |
| JPMORGAN BETABUILDERS USD INVESTMENT GRADE CORPORATE BOND ETF | ETF | 46641Q449 |  | 139 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 20139253 | 263603 | SH |  | SOLE |  | 263602 | 0 | 0 |
| SPDR S 600 SMALL CAP VALUE ETF | ETF | 78464A300 |  | 1507 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| SPDR S 600 SMALL CAP GROWTH ETF | ETF | 78464A201 |  | 1603 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| SPDR S 400 MID CAP VALUE ETF | ETF | 78464A839 |  | 3720 | 45 | SH |  | SOLE |  | 44 | 0 | 0 |
| VANGUARD RUSSELL 1000 GROWTH ETF | ETF | 92206C680 |  | 192800 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| AVANTIS INTERNATIONAL EQUITY ETF | ETF | 025072703 |  | 4658 | 59 | SH |  | SOLE |  | 59 | 0 | 0 |
| ISHARES RUSSELL MID-CAP VALUE ETF | ETF | 464287473 |  | 2514 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 31939 | 132 | SH |  | SOLE |  | 132 | 0 | 0 |
| SPDR S HEALTH CARE EQUIPMENT ETF | ETF | 78464A581 |  | 15751 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| SPDR S AEROSPACE  DEFENSE ETF | ETF | 78464A631 |  | 198294 | 844 | SH |  | SOLE |  | 843 | 0 | 0 |
| GLOBAL X SILVER MINERS ETF | ETF | 37954Y848 |  | 251708 | 3514 | SH |  | SOLE |  | 3514 | 0 | 0 |
| FIRST TRUST CLOUD COMPUTING ETF | ETF | 33734X192 |  | 298169 | 2218 | SH |  | SOLE |  | 2218 | 0 | 0 |
| VANGUARD SMALL CAP VALUE ETF | ETF | 922908611 |  | 3548 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| INVESCO NASDAQ 100 ETF | ETF | 46138G649 |  | 844235 | 3416 | SH |  | SOLE |  | 3416 | 0 | 0 |
| PIMCO 0-5 YEAR HIGH YIELD CORPORATE BOND INDEX EXCHANGE-TRADED FUND | ETF | 72201R783 |  | 1914 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| VANGUARD MID-CAP GROWTH ETF | ETF | 922908538 |  | 152183 | 518 | SH |  | SOLE |  | 518 | 0 | 0 |
| INVESCO PHLX SEMICONDUCTOR ETF | ETF | 46138G615 |  | 99404 | 1983 | SH |  | SOLE |  | 1983 | 0 | 0 |
| ISHARES MSCI USA MIN VOL FACTOR ETF | ETF | 46429B697 |  | 2129 | 22 | SH |  | SOLE |  | 22 | 0 | 0 |
| AVANTIS U.S. LARGE CAP VALUE ETF | ETF | 025072349 |  | 6431 | 89 | SH |  | SOLE |  | 89 | 0 | 0 |
| ISHARES MSCI INDIA ETF | ETF | 46429B598 |  | 27956 | 537 | SH |  | SOLE |  | 537 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 437879 | 2348 | SH |  | SOLE |  | 2348 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 575532 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF | ETF | 78468R408 |  | 998 | 39 | SH |  | SOLE |  | 39 | 0 | 0 |
| FT VEST U.S. EQUITY ENHANCE  MODERATE BUFFER ETF - DECEMBER | ETF | 33740U786 |  | 6015 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| FIRST TRUST CAPITAL STRENGTH ETF | ETF | 33733E104 |  | 156285 | 1669 | SH |  | SOLE |  | 1669 | 0 | 0 |
| GLOBAL X MLP ETF | ETF | 37954Y343 |  | 234504 | 4843 | SH |  | SOLE |  | 4843 | 0 | 0 |
| COINSHARES BITCOIN MINING ETF | ETF | 91917A207 |  | 72148 | 1631 | SH |  | SOLE |  | 1630 | 0 | 0 |
| INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF | ETF | 46138E842 |  | 30630 | 332 | SH |  | SOLE |  | 332 | 0 | 0 |
| FIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND | ETF | 337345102 |  | 1688707 | 7355 | SH |  | SOLE |  | 7354 | 0 | 0 |
| ANGEL OAK ULTRASHORT INCOME ETF | ETF | 03463K752 |  | 1947 | 38 | SH |  | SOLE |  | 38 | 0 | 0 |
| VANECK CLO ETF | ETF | 92189H748 |  | 11470 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| ISHARES U.S. MEDICAL DEVICES ETF | ETF | 464288810 |  | 27396 | 456 | SH |  | SOLE |  | 456 | 0 | 0 |
| ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288646 |  | 12197 | 230 | SH |  | SOLE |  | 230 | 0 | 0 |
| SPDR S BIOTECH ETF | ETF | 78464A870 |  | 7214 | 72 | SH |  | SOLE |  | 72 | 0 | 0 |
| ISHARES MSCI WORLD ETF | ETF | 464286392 |  | 3715 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| INVESCO S 500 QUALITY ETF | ETF | 46137V241 |  | 4561 | 62 | SH |  | SOLE |  | 62 | 0 | 0 |
| GLOBAL X URANIUM ETF | ETF | 37954Y871 |  | 2414009 | 50640 | SH |  | SOLE |  | 50640 | 0 | 0 |
| ALPS/SMITH CORE PLUS BOND ETF | ETF | 00162Q346 |  | 4669 | 178 | SH |  | SOLE |  | 178 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | ETF | 464287499 |  | 3765 | 39 | SH |  | SOLE |  | 39 | 0 | 0 |
| REGAN FLOATING RATE MBS ETF | ETF | 92046L338 |  | 36422 | 1430 | SH |  | SOLE |  | 1430 | 0 | 0 |
| VANGUARD FINANCIALS ETF | ETF | 92204A405 |  | 71395 | 544 | SH |  | SOLE |  | 544 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 9827 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| GLOBAL X MLP  ENERGY INFRASTRUCTURE ETF | ETF | 37954Y293 |  | 97201 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| ISHARES U.S. CONSUMER STAPLES ETF | ETF | 464287812 |  | 20517 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 7507 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | ETF | 808524771 |  | 42422 | 1613 | SH |  | SOLE |  | 1613 | 0 | 0 |
| ISHARES MSCI USA QUALITY FACTOR ETF | ETF | 46432F339 |  | 281053 | 1445 | SH |  | SOLE |  | 1445 | 0 | 0 |
| ISHARES MSCI USA MOMENTUM FACTOR ETF | ETF | 46432F396 |  | 51290 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND | ETF | 81369Y407 |  | 63565 | 265 | SH |  | SOLE |  | 265 | 0 | 0 |
| ISHARES SEMICONDUCTOR ETF | ETF | 464287523 |  | 1898 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF | ETF | 808524755 |  | 9131 | 213 | SH |  | SOLE |  | 212 | 0 | 0 |
| ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | ETF | 464287515 |  | 48419 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| ISHARES ETHEREUM TRUST ETF | ETF | 46438R105 |  | 88228 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 1007412 | 1505 | SH |  | SOLE |  | 1505 | 0 | 0 |
| ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF | ETF | 46434V407 |  | 98031 | 2264 | SH |  | SOLE |  | 2264 | 0 | 0 |
| ISHARES MBS ETF | ETF | 464288588 |  | 1047 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| ISHARES PREFERRED  INCOME SECURITIES ETF | ETF | 464288687 |  | 568844 | 17990 | SH |  | SOLE |  | 17990 | 0 | 0 |
| SPDR EURO STOXX 50 ETF | ETF | 78463X202 |  | 3727 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| SPDR S BANK ETF | ETF | 78464A797 |  | 31611 | 532 | SH |  | SOLE |  | 532 | 0 | 0 |
| ISHARES MORTGAGE REAL ESTATE ETF | ETF | 46435G342 |  | 244208 | 11116 | SH |  | SOLE |  | 11115 | 0 | 0 |
| VANGUARD CONSUMER DISCRETIONARY ETF | ETF | 92204A108 |  | 117657 | 297 | SH |  | SOLE |  | 297 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 86271 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| SPDR PORTFOLIO S 1500 COMPOSITE STOCK MARKET ETF | ETF | 78464A805 |  | 17178 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 10568 | 195 | SH |  | SOLE |  | 195 | 0 | 0 |
| ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464287242 |  | 49381 | 443 | SH |  | SOLE |  | 443 | 0 | 0 |
| FIRST TRUST DOW JONES INTERNET INDEX FUND | ETF | 33733E302 |  | 87030 | 311 | SH |  | SOLE |  | 311 | 0 | 0 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 5923 | 36 | SH |  | SOLE |  | 36 | 0 | 0 |
| ISHARES U.S. CONSUMER DISCRETIONARY ETF | ETF | 464287580 |  | 41920 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 201752 | 2012 | SH |  | SOLE |  | 2012 | 0 | 0 |
| ISHARES 20 YEAR TREASURY BOND ETF | ETF | 464287432 |  | 55856 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| ISHARES CORE DIVIDEND GROWTH ETF | ETF | 46434V621 |  | 217516 | 3195 | SH |  | SOLE |  | 3195 | 0 | 0 |
| ISHARES U.S. BROKER-DEALERS  SECURITIES EXCHANGES ETF | ETF | 464288794 |  | 87025 | 492 | SH |  | SOLE |  | 492 | 0 | 0 |
| SPROTT GOLD MINERS ETF | ETF | 85210B102 |  | 62000 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| AMPLIFY CYBERSECURITY ETF | ETF | 032108664 |  | 161880 | 1865 | SH |  | SOLE |  | 1864 | 0 | 0 |
| WISDOMTREE INDIA EARNINGS FUND | ETF | 97717W422 |  | 152747 | 3456 | SH |  | SOLE |  | 3455 | 0 | 0 |
| ARK GENOMIC REVOLUTION ETF | ETF | 00214Q302 |  | 89947 | 3239 | SH |  | SOLE |  | 3239 | 0 | 0 |
| SPDR PORTFOLIO S 500 VALUE ETF | ETF | 78464A508 |  | 40668 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT TECHNOLOGY ETF | ETF | 46137V282 |  | 44580 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ISHARES RUSSELL 3000 ETF | ETF | 464287689 |  | 22736 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF | ETF | 78467V848 |  | 193681 | 4774 | SH |  | SOLE |  | 4774 | 0 | 0 |
| FIRST TRUST NATURAL GAS ETF | ETF | 33733E807 |  | 8115 | 345 | SH |  | SOLE |  | 345 | 0 | 0 |
| ARK AUTONOMOUS TECHNOLOGY  ROBOTICS ETF | ETF | 00214Q203 |  | 48752 | 437 | SH |  | SOLE |  | 437 | 0 | 0 |
| ISHARES U.S. PHARMACEUTICALS ETF | ETF | 464288836 |  | 6095 | 84 | SH |  | SOLE |  | 84 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR FUND | ETF | 81369Y886 |  | 620325 | 7113 | SH |  | SOLE |  | 7113 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | ETF | 389637109 |  | 13466 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 6461 | 151 | SH |  | SOLE |  | 151 | 0 | 0 |
| ISHARES GLOBAL CLEAN ENERGY ETF | ETF | 464288224 |  | 51239 | 3310 | SH |  | SOLE |  | 3310 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 9337 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ISHARES MSCI INTL MOMENTUM FACTOR ETF | ETF | 46434V449 |  | 101308 | 2116 | SH |  | SOLE |  | 2115 | 0 | 0 |
| FIDELITY NASDAQ COMPOSITE INDEX ETF | ETF | 315912808 |  | 416861 | 4677 | SH |  | SOLE |  | 4677 | 0 | 0 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 12091255 | 131785 | SH |  | SOLE |  | 131784 | 0 | 0 |
| AGNC INVT CORP COM | REIT | 00123Q104 |  | 9563968 | 976912 | SH |  | SOLE |  | 976911 | 0 | 0 |
| PROLOGIS INC. COM | REIT | 74340W103 |  | 36646 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT INC COM NEW | REIT | 035710839 |  | 766687 | 37936 | SH |  | SOLE |  | 37936 | 0 | 0 |
| STARWOOD PPTY TR INC COM | REIT | 85571B105 |  | 9685 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | REIT | 03027X100 |  | 116546 | 606 | SH |  | SOLE |  | 606 | 0 | 0 |
| EQUINIX INC COM | REIT | 29444U700 |  | 3916 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 11572876 | 52707 | SH |  | SOLE |  | 52707 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC COM | Stock | 02043Q107 |  | 14136 | 31 | SH |  | SOLE |  | 31 | 0 | 0 |
| INTERDIGITAL INC COM | Stock | 45867G101 |  | 6214 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | Stock | 256677105 |  | 11369 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 67493 | 364 | SH |  | SOLE |  | 364 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 2825728 | 3053 | SH |  | SOLE |  | 3052 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 1153115 | 1448 | SH |  | SOLE |  | 1448 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | Stock | 101137107 |  | 17573 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 6146 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| CARNIVAL CORP PAIRED CTF | Stock | 143658300 |  | 2891 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 9104760 | 95598 | SH |  | SOLE |  | 95598 | 0 | 0 |
| NETFLIX INC COM | Stock | 64110L106 |  | 61145 | 51 | SH |  | SOLE |  | 51 | 0 | 0 |
| RB GLOBAL INC COM | Stock | 74935Q107 |  | 9427 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| POOL CORP COM | Stock | 73278L105 |  | 35658 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 3777 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 67688 | 119 | SH |  | SOLE |  | 119 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 26076 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| UNITED RENTALS INC COM | Stock | 911363109 |  | 53461 | 56 | SH |  | SOLE |  | 56 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 21645 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | Stock | 92532F100 |  | 11749 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | Stock | 28176E108 |  | 34219 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| HOWMET AEROSPACE INC COM | Stock | 443201108 |  | 18446 | 94 | SH |  | SOLE |  | 94 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 21667 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| CACI INTL INC CL A | Stock | 127190304 |  | 9574194 | 19195 | SH |  | SOLE |  | 19195 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 67130 | 478 | SH |  | SOLE |  | 478 | 0 | 0 |
| BLACK STONE MINERALS L P COM UNIT | Stock | 09225M101 |  | 3745 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 10549 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| STRATEGY INC CL A NEW | Stock | 594972408 |  | 18688 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 2955292 | 7294 | SH |  | SOLE |  | 7293 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 33170 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| CENCORA INC COM | Stock | 03073E105 |  | 12501 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| LUMEN TECHNOLOGIES INC COM | Stock | 550241103 |  | 43 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL COM | Stock | 91307C102 |  | 17607 | 42 | SH |  | SOLE |  | 42 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 4037217 | 8030 | SH |  | SOLE |  | 8030 | 0 | 0 |
| SOUTHERN COPPER CORP COM | Stock | 84265V105 |  | 7282 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 1557531 | 6407 | SH |  | SOLE |  | 6406 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP INC COM | Stock | 74251V102 |  | 31506 | 380 | SH |  | SOLE |  | 380 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 3415 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 37484 | 1193 | SH |  | SOLE |  | 1193 | 0 | 0 |
| GENERAC HLDGS INC COM | Stock | 368736104 |  | 23436 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 17163512 | 33137 | SH |  | SOLE |  | 33137 | 0 | 0 |
| NVENT ELECTRIC PLC SHS | Stock | G6700G107 |  | 5276550 | 53493 | SH |  | SOLE |  | 53493 | 0 | 0 |
| BUSINESS FIRST BANCSHARES INC COM | Stock | 12326C105 |  | 41601 | 1762 | SH |  | SOLE |  | 1762 | 0 | 0 |
| NISOURCE INC COM | Stock | 65473P105 |  | 3897 | 90 | SH |  | SOLE |  | 90 | 0 | 0 |
| QUANTUM COMPUTING INC COM | Stock | 74766W108 |  | 31297 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| AMERIPRISE FINL INC COM | Stock | 03076C106 |  | 12281 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 127956 | 1695 | SH |  | SOLE |  | 1695 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 38202 | 177 | SH |  | SOLE |  | 177 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 2987629 | 6718 | SH |  | SOLE |  | 6718 | 0 | 0 |
| ITRON INC COM | Stock | 465741106 |  | 5730 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| CMS ENERGY CORP COM | Stock | 125896100 |  | 98901 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| OGE ENERGY CORP COM | Stock | 670837103 |  | 13557 | 293 | SH |  | SOLE |  | 293 | 0 | 0 |
| AMPHENOL CORP NEW CL A | Stock | 032095101 |  | 10024 | 81 | SH |  | SOLE |  | 81 | 0 | 0 |
| BROOKFIELD CORP CL A LTD VT SH | Stock | 11271J107 |  | 11316 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| FOX CORP CL A COM | Stock | 35137L105 |  | 26233 | 416 | SH |  | SOLE |  | 416 | 0 | 0 |
| ROYAL CARIBBEAN GROUP COM | Stock | V7780T103 |  | 10031 | 31 | SH |  | SOLE |  | 31 | 0 | 0 |
| EVEREST GROUP LTD COM | Stock | G3223R108 |  | 7355 | 21 | SH |  | SOLE |  | 21 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 117858 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| CROWDSTRIKE HLDGS INC CL A | Stock | 22788C105 |  | 14221 | 29 | SH |  | SOLE |  | 29 | 0 | 0 |
| KINROSS GOLD CORP COM | Stock | 496902404 |  | 16625 | 669 | SH |  | SOLE |  | 669 | 0 | 0 |
| MP MATERIALS CORP COM CL A | Stock | 553368101 |  | 98593 | 1470 | SH |  | SOLE |  | 1470 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 124369 | 163 | SH |  | SOLE |  | 163 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 1419812 | 5206 | SH |  | SOLE |  | 5206 | 0 | 0 |
| DATADOG INC CL A COM | Stock | 23804L103 |  | 11107 | 78 | SH |  | SOLE |  | 78 | 0 | 0 |
| VERTIV HOLDINGS CO COM CL A | Stock | 92537N108 |  | 4274769 | 28336 | SH |  | SOLE |  | 28336 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 45664 | 369 | SH |  | SOLE |  | 369 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 10159839 | 60721 | SH |  | SOLE |  | 60721 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 392 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 132614 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| AMERICAN ELEC PWR CO INC COM | Stock | 025537101 |  | 6188 | 55 | SH |  | SOLE |  | 55 | 0 | 0 |
| ENTERGY CORP NEW COM | Stock | 29364G103 |  | 8639459 | 92708 | SH |  | SOLE |  | 92708 | 0 | 0 |
| SNOWFLAKE INC COM SHS | Stock | 833445109 |  | 10601 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 2722071 | 14922 | SH |  | SOLE |  | 14922 | 0 | 0 |
| FIRST SOLAR INC COM | Stock | 336433107 |  | 22053 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| XYLEM INC COM | Stock | 98419M100 |  | 55903 | 379 | SH |  | SOLE |  | 379 | 0 | 0 |
| RECURSION PHARMACEUTICALS INC CL A | Stock | 75629V104 |  | 3904 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| BRINKER INTL INC COM | Stock | 109641100 |  | 695473 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 1794668 | 5257 | SH |  | SOLE |  | 5257 | 0 | 0 |
| ENOVIX CORPORATION COM | Stock | 293594107 |  | 16451 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| JACKSON FINANCIAL INC COM CL A | Stock | 46817M107 |  | 8098 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| FLUENCE ENERGY INC COM CL A | Stock | 34379V103 |  | 218700 | 20250 | SH |  | SOLE |  | 20250 | 0 | 0 |
| NEXTNAV INC COMMON STOCK | Stock | 65345N106 |  | 65566 | 4585 | SH |  | SOLE |  | 4585 | 0 | 0 |
| IREN LIMITED ORDINARY SHARES | Stock | Q4982L109 |  | 11260337 | 239939 | SH |  | SOLE |  | 239939 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | Stock | 16411R208 |  | 17307787 | 73656 | SH |  | SOLE |  | 73656 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | Stock | 85208M102 |  | 46349 | 426 | SH |  | SOLE |  | 426 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | Stock | 21037T109 |  | 16454 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 1378431 | 1877 | SH |  | SOLE |  | 1877 | 0 | 0 |
| BITMINE IMMERSION TECNOLOGIES COM NEW | Stock | 09175A206 |  | 1609642 | 30996 | SH |  | SOLE |  | 30996 | 0 | 0 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 43253 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 24434 | 120 | SH |  | SOLE |  | 120 | 0 | 0 |
| D-WAVE QUANTUM INC COM | Stock | 26740W109 |  | 12973 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 409748 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| MARTIN MARIETTA MATLS INC COM | Stock | 573284106 |  | 15127 | 24 | SH |  | SOLE |  | 24 | 0 | 0 |
| DEUTSCHE BANK A G NAMEN AKT | Stock | D18190898 |  | 7914 | 223 | SH |  | SOLE |  | 223 | 0 | 0 |
| FLAGSTAR FINANCIAL INC COM NEW | Stock | 649445400 |  | 3724102 | 322433 | SH |  | SOLE |  | 322433 | 0 | 0 |
| SANMINA CORPORATION COM | Stock | 801056102 |  | 9324 | 81 | SH |  | SOLE |  | 81 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 155705 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK | Stock | 36266G107 |  | 377 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| RIOT PLATFORMS INC COM | Stock | 767292105 |  | 1640120 | 86186 | SH |  | SOLE |  | 86186 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 15090637 | 80880 | SH |  | SOLE |  | 80880 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 233264 | 1007 | SH |  | SOLE |  | 1007 | 0 | 0 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 20929 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| MANULIFE FINL CORP COM | Stock | 56501R106 |  | 17631 | 566 | SH |  | SOLE |  | 566 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG LTD SHS | Stock | G66721104 |  | 2463 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| KENVUE INC COM | Stock | 49177J102 |  | 130 | 8 | SH |  | SOLE |  | 8 | 0 | 0 |
| BLACKSTONE INC COM | Stock | 09260D107 |  | 17939 | 105 | SH |  | SOLE |  | 105 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 66541 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 16470 | 99 | SH |  | SOLE |  | 99 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 1875788 | 5501 | SH |  | SOLE |  | 5500 | 0 | 0 |
| VERALTO CORP COM SHS | Stock | 92338C103 |  | 1706 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 9117 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| NCR ATLEOS CORPORATION COM SHS | Stock | 63001N106 |  | 1376 | 35 | SH |  | SOLE |  | 35 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 90137 | 535 | SH |  | SOLE |  | 535 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 136840 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | Stock | 14040H105 |  | 195999 | 922 | SH |  | SOLE |  | 922 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 60186 | 372 | SH |  | SOLE |  | 372 | 0 | 0 |
| CORE SCIENTIFIC INC NEW COM | Stock | 21874A106 |  | 382248 | 21307 | SH |  | SOLE |  | 21307 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 52922 | 1874 | SH |  | SOLE |  | 1874 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 1845 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 10311 | 34 | SH |  | SOLE |  | 34 | 0 | 0 |
| TEMPUS AI INC CL A | Stock | 88023B103 |  | 6666565 | 82599 | SH |  | SOLE |  | 82599 | 0 | 0 |
| PLAINS GP HLDGS L P LTD PARTNR INT A | Stock | 72651A207 |  | 804968 | 44132 | SH |  | SOLE |  | 44132 | 0 | 0 |
| ALAMOS GOLD INC NEW COM CL A | Stock | 011532108 |  | 1550643 | 44482 | SH |  | SOLE |  | 44482 | 0 | 0 |
| UBS GROUP AG SHS | Stock | H42097107 |  | 8979 | 219 | SH |  | SOLE |  | 219 | 0 | 0 |
| ONEOK INC NEW COM | Stock | 682680103 |  | 200740 | 2751 | SH |  | SOLE |  | 2751 | 0 | 0 |
| CINTAS CORP COM | Stock | 172908105 |  | 35305 | 172 | SH |  | SOLE |  | 172 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC COM | Stock | 018581108 |  | 5633 | 101 | SH |  | SOLE |  | 101 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 70626 | 298 | SH |  | SOLE |  | 298 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 9140 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 21826 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 4378854 | 13882 | SH |  | SOLE |  | 13882 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 906272 | 5836 | SH |  | SOLE |  | 5836 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 16837 | 178 | SH |  | SOLE |  | 178 | 0 | 0 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 9715 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIONS COM NEW | Stock | 50077B207 |  | 3123209 | 34182 | SH |  | SOLE |  | 34182 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 3398945 | 32980 | SH |  | SOLE |  | 32980 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 29627 | 105 | SH |  | SOLE |  | 105 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 19490957 | 69304 | SH |  | SOLE |  | 69303 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 21251 | 127 | SH |  | SOLE |  | 127 | 0 | 0 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 10968 | 69 | SH |  | SOLE |  | 69 | 0 | 0 |
| 3M CO COM | Stock | 88579Y101 |  | 280100 | 1805 | SH |  | SOLE |  | 1805 | 0 | 0 |
| CIRCLE INTERNET GROUP INC COM CL A | Stock | 172573107 |  | 398 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 18672856 | 76669 | SH |  | SOLE |  | 76669 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 110941 | 334 | SH |  | SOLE |  | 334 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 1313389 | 4654 | SH |  | SOLE |  | 4654 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 22931 | 112 | SH |  | SOLE |  | 112 | 0 | 0 |
| TRANSDIGM GROUP INC COM | Stock | 893641100 |  | 65901 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| WILLIAMS COS INC COM | Stock | 969457100 |  | 12897750 | 203595 | SH |  | SOLE |  | 203595 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | Stock | 040413205 |  | 12240 | 84 | SH |  | SOLE |  | 84 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LTD ORD | Stock | M22465104 |  | 10966 | 53 | SH |  | SOLE |  | 53 | 0 | 0 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 51413 | 22 | SH |  | SOLE |  | 22 | 0 | 0 |
| SYNCHRONY FINANCIAL COM | Stock | 87165B103 |  | 25720 | 362 | SH |  | SOLE |  | 362 | 0 | 0 |
| EATON CORP | Stock | G29183103 |  | 14093039 | 37657 | SH |  | SOLE |  | 37656 | 0 | 0 |
| B  G FOODS INC NEW COM | Stock | 05508R106 |  | 8860 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CYBERARK SOFTWARE LTD SHS | Stock | M2682V108 |  | 1453798 | 3009 | SH |  | SOLE |  | 3009 | 0 | 0 |
| CAL MAINE FOODS INC COM NEW | Stock | 128030202 |  | 7528 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 6488 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | Stock | 701094104 |  | 18196 | 24 | SH |  | SOLE |  | 24 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | Stock | 776696106 |  | 12467 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| TKO GROUP HOLDINGS INC CL A | Stock | 87256C101 |  | 7069 | 35 | SH |  | SOLE |  | 35 | 0 | 0 |
| BERKLEY W R CORP COM | Stock | 084423102 |  | 105353 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| SHAKE SHACK INC CL A | Stock | 819047101 |  | 21062 | 225 | SH |  | SOLE |  | 225 | 0 | 0 |
| ALTRIA GROUP INC COM | Stock | 02209S103 |  | 6606 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| DOMINION ENERGY INC COM | Stock | 25746U109 |  | 144545 | 2363 | SH |  | SOLE |  | 2363 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | Stock | 127387108 |  | 31965 | 91 | SH |  | SOLE |  | 91 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 82984 | 736 | SH |  | SOLE |  | 736 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 53617 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | Stock | 82509L107 |  | 44583 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 4141559 | 43381 | SH |  | SOLE |  | 43380 | 0 | 0 |
| CAMECO CORP COM | Stock | 13321L108 |  | 12536567 | 149494 | SH |  | SOLE |  | 149494 | 0 | 0 |
| AUTOZONE INC COM | Stock | 053332102 |  | 12871 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| BLACKROCK INC COM | Stock | 09290D101 |  | 9327 | 8 | SH |  | SOLE |  | 8 | 0 | 0 |
| HOULIHAN LOKEY INC CL A | Stock | 441593100 |  | 28334 | 138 | SH |  | SOLE |  | 138 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 6251220 | 24550 | SH |  | SOLE |  | 24550 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 4554 | 34 | SH |  | SOLE |  | 34 | 0 | 0 |
| BOOKING HOLDINGS INC COM | Stock | 09857L108 |  | 10799 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| FERRARI N V COM | Stock | N3167Y103 |  | 8249 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |

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