# EDGAR Filing Document

**Accession Number:** 0001771605
**File Stem:** 0001085146-23-000496
**Filing Date:** 2023-2
**Character Count:** 27007
**Document Hash:** c2369b7ccbf5f3990f2c05d45828bf27
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000496.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001085146-23-000496

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SAGE RHINO CAPITAL LLC
- **CENTRAL INDEX KEY:** 0001771605
- **IRS NUMBER:** 823527027
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19473
- **FILM NUMBER:** 23574471

**BUSINESS ADDRESS:**
- **STREET 1:** 525 MIDDLEFIELD ROAD, SUITE 119
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6503525600

**MAIL ADDRESS:**
- **STREET 1:** 525 MIDDLEFIELD ROAD, SUITE 119
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

### 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:** SAGE RHINO CAPITAL LLC<br>**Address:** 525 MIDDLEFIELD ROAD SUITE 119<br>MENLO PARK, CA 94025

**Form 13F File Number:** 028-19473

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:** Caroline Novak<br>**Title:** Chief Compliance Officer<br>**Phone:** 650-352-5600

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

/s/Caroline Novak  Menlo Park, CA  01-31-2023<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:** 211

**Form 13F Information Table Value Total:** $314609125

      (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 | BBG001S5N9M6 | 318171 | 2898 | SH |  | SOLE |  | 0 | 0 | 2898 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 374127 | 2315 | SH |  | SOLE |  | 0 | 0 | 2315 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 338549 | 1006 | SH |  | SOLE |  | 0 | 0 | 1006 |
| AEGON N V | NY REGISTRY SHS | 007924103 | BBG001S6Y6M8 | 103446 | 20525 | SH |  | SOLE |  | 0 | 0 | 20525 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 438216 | 7514 | SH |  | SOLE |  | 0 | 0 | 7514 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 1942035 | 67526 | SH |  | SOLE |  | 0 | 0 | 67526 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1002999 | 11368 | SH |  | SOLE |  | 0 | 0 | 11368 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 2474426 | 27887 | SH |  | SOLE |  | 0 | 0 | 27887 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1392888 | 16582 | SH |  | SOLE |  | 0 | 0 | 16582 |
| AMERESCO INC | CL A | 02361E108 | BBG001S6P9W1 | 270215 | 4729 | SH |  | SOLE |  | 0 | 0 | 4729 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 | BBG00Q6ZDXT0 | 1871998 | 37106 | SH |  | SOLE |  | 0 | 0 | 37106 |
| AMERICAN CENTY ETF TR | EMERGING MKT VAL | 025072372 | BBG012NXXGN9 | 413283 | 10085 | SH |  | SOLE |  | 0 | 0 | 10085 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 | BBG00Q9MQ6T1 | 4730478 | 88935 | SH |  | SOLE |  | 0 | 0 | 88935 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | BBG00Q9MR7Z1 | 368078 | 6650 | SH |  | SOLE |  | 0 | 0 | 6650 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 | BBG00Q9MPQH1 | 7486803 | 110084 | SH |  | SOLE |  | 0 | 0 | 110084 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 | BBG012NL46D0 | 7827733 | 155962 | SH |  | SOLE |  | 0 | 0 | 155962 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 10200980 | 136908 | SH |  | SOLE |  | 0 | 0 | 136908 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 738602 | 4999 | SH |  | SOLE |  | 0 | 0 | 4999 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1048722 | 3993 | SH |  | SOLE |  | 0 | 0 | 3993 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 7920024 | 60956 | SH |  | SOLE |  | 0 | 0 | 60956 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 650216 | 1190 | SH |  | SOLE |  | 0 | 0 | 1190 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 720239 | 10623 | SH |  | SOLE |  | 0 | 0 | 10623 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 215673 | 11715 | SH |  | SOLE |  | 0 | 0 | 11715 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 | BBG001S5XP76 | 218482 | 36353 | SH |  | SOLE |  | 0 | 0 | 36353 |
| BANCO SANTANDER S.A. | ADR | 05964H105 | BBG001S5WCX7 | 124994 | 42371 | SH |  | SOLE |  | 0 | 0 | 42371 |
| BARCLAYS PLC | ADR | 06738E204 | BBG001S5P2T2 | 119660 | 15341 | SH |  | SOLE |  | 0 | 0 | 15341 |
| BARRICK GOLD CORP | COM | 067901108 | BBG001S5N9P3 | 507411 | 29535 | SH |  | SOLE |  | 0 | 0 | 29535 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 937422 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 703365 | 2277 | SH |  | SOLE |  | 0 | 0 | 2277 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 | BBG001S5P5K4 | 1021777 | 16467 | SH |  | SOLE |  | 0 | 0 | 16467 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 920510 | 1299 | SH |  | SOLE |  | 0 | 0 | 1299 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 569565 | 2990 | SH |  | SOLE |  | 0 | 0 | 2990 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 255941 | 127 | SH |  | SOLE |  | 0 | 0 | 127 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 375363 | 10746 | SH |  | SOLE |  | 0 | 0 | 10746 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 310320 | 4313 | SH |  | SOLE |  | 0 | 0 | 4313 |
| BRISTOW GROUP INC | COM | 11040G103 | BBG001YH8QJ6 | 591108 | 21788 | SH |  | SOLE |  | 0 | 0 | 21788 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 304408 | 7614 | SH |  | SOLE |  | 0 | 0 | 7614 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 398344 | 712 | SH |  | SOLE |  | 0 | 0 | 712 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | BBG00Y04KQ51 | 1047764 | 24081 | SH |  | SOLE |  | 0 | 0 | 24081 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 760374 | 33541 | SH |  | SOLE |  | 0 | 0 | 33541 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 679896 | 7980 | SH |  | SOLE |  | 0 | 0 | 7980 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 630010 | 3510 | SH |  | SOLE |  | 0 | 0 | 3510 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 971523 | 20393 | SH |  | SOLE |  | 0 | 0 | 20393 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 187553 | 11642 | SH |  | SOLE |  | 0 | 0 | 11642 |
| CLOVER HEALTH INVESTMENTS CO | COM CL A | 18914F103 | BBG00SHY90K3 | 243064 | 261500 | SH |  | SOLE |  | 0 | 0 | 261500 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 284528 | 4473 | SH |  | SOLE |  | 0 | 0 | 4473 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | BBG00ZGF7799 | 1061700 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 678033 | 19389 | SH |  | SOLE |  | 0 | 0 | 19389 |
| CONCENTRIX CORP | COM | 20602D101 | BBG00RCNQMY2 | 605479 | 4547 | SH |  | SOLE |  | 0 | 0 | 4547 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 662033 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 299925 | 1130 | SH |  | SOLE |  | 0 | 0 | 1130 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 342125 | 1920 | SH |  | SOLE |  | 0 | 0 | 1920 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 | BBG01BN60P09 | 1223278 | 50144 | SH |  | SOLE |  | 0 | 0 | 50144 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 | BBG012558MV6 | 2084325 | 43596 | SH |  | SOLE |  | 0 | 0 | 43596 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 470133 | 19363 | SH |  | SOLE |  | 0 | 0 | 19363 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 297577 | 5818 | SH |  | SOLE |  | 0 | 0 | 5818 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 | BBG012G2PD33 | 731527 | 33867 | SH |  | SOLE |  | 0 | 0 | 33867 |
| DOCUSIGN INC | COM | 256163106 | BBG001T535D5 | 2078361 | 37502 | SH |  | SOLE |  | 0 | 0 | 37502 |
| DROPBOX INC | CL A | 26210C104 | BBG001TFLWN3 | 492875 | 22023 | SH |  | SOLE |  | 0 | 0 | 22023 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 242129 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| EATON VANCE TAX MNGED BUY WR | COM | 27828X100 | BBG001SDC8B5 | 744619 | 56625 | SH |  | SOLE |  | 0 | 0 | 56625 |
| ELEVANCE HEALTH INC | COM | 036752103 | BBG001S6KBQ8 | 234940 | 458 | SH |  | SOLE |  | 0 | 0 | 458 |
| EPAM SYS INC | COM | 29414B104 | BBG001SKDJH8 | 547326 | 1670 | SH |  | SOLE |  | 0 | 0 | 1670 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 | BBG001SJ3R93 | 204869 | 5721 | SH |  | SOLE |  | 0 | 0 | 5721 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 817764 | 7414 | SH |  | SOLE |  | 0 | 0 | 7414 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 | BBG001TG3G38 | 600430 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| FLEX LTD | ORD | Y2573F102 | BBG001SC5SP6 | 1212340 | 56493 | SH |  | SOLE |  | 0 | 0 | 56493 |
| GENWORTH FINL INC | COM CL A | 37247D106 | BBG001SJ0DH8 | 95564 | 18065 | SH |  | SOLE |  | 0 | 0 | 18065 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 | BBG004DDDL70 | 544684 | 39700 | SH |  | SOLE |  | 0 | 0 | 39700 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 | BBG00DRGSD25 | 5206258 | 52214 | SH |  | SOLE |  | 0 | 0 | 52214 |
| GOLDMAN SACHS ETF TR | ACES ULTRA SHR | 381430230 | BBG00NW3TGY3 | 1065036 | 21492 | SH |  | SOLE |  | 0 | 0 | 21492 |
| HALEON PLC | SPON ADS | 405552100 | BBG018GZNDB0 | 97944 | 12243 | SH |  | SOLE |  | 0 | 0 | 12243 |
| HELMERICH  PAYNE INC | COM | 423452101 | BBG001S5RZP1 | 235210 | 4745 | SH |  | SOLE |  | 0 | 0 | 4745 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 554966 | 1757 | SH |  | SOLE |  | 0 | 0 | 1757 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 | BBG001SCZVC0 | 328707 | 10549 | SH |  | SOLE |  | 0 | 0 | 10549 |
| HYRECAR INC | COM | 44916T107 | BBG00L07HMZ2 | 80048 | 188792 | SH |  | SOLE |  | 0 | 0 | 188792 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 | BBG001SB1FR8 | 222504 | 18283 | SH |  | SOLE |  | 0 | 0 | 18283 |
| INSPIRATO INCORPORATED | COM CL A | 45791E107 | BBG00XWZB0F5 | 121738 | 102301 | SH |  | SOLE |  | 0 | 0 | 102301 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 231289 | 8751 | SH |  | SOLE |  | 0 | 0 | 8751 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 | BBG00KJR2V68 | 4144059 | 17055 | SH |  | SOLE |  | 0 | 0 | 17055 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 15054607 | 106581 | SH |  | SOLE |  | 0 | 0 | 106581 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 | BBG00KJR2976 | 395550 | 2609 | SH |  | SOLE |  | 0 | 0 | 2609 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 11610964 | 335674 | SH |  | SOLE |  | 0 | 0 | 335674 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 3827650 | 81963 | SH |  | SOLE |  | 0 | 0 | 81963 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 | BBG005PCDCZ5 | 3257904 | 65106 | SH |  | SOLE |  | 0 | 0 | 65106 |
| ISHARES TR | CORE INTL AGGR | 46435G672 | BBG00BDV2SQ0 | 1891777 | 39785 | SH |  | SOLE |  | 0 | 0 | 39785 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 10044629 | 162956 | SH |  | SOLE |  | 0 | 0 | 162956 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 406375 | 1680 | SH |  | SOLE |  | 0 | 0 | 1680 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 401179 | 4239 | SH |  | SOLE |  | 0 | 0 | 4239 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1788498 | 4655 | SH |  | SOLE |  | 0 | 0 | 4655 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 373218 | 3848 | SH |  | SOLE |  | 0 | 0 | 3848 |
| ISHARES TR | EAFE SML CP ETF | 464288273 | BBG001SYVWS7 | 491376 | 8700 | SH |  | SOLE |  | 0 | 0 | 8700 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 398763 | 6075 | SH |  | SOLE |  | 0 | 0 | 6075 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 301949 | 7967 | SH |  | SOLE |  | 0 | 0 | 7967 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 | BBG001T6MGZ4 | 368130 | 21000 | SH |  | SOLE |  | 0 | 0 | 21000 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 776989 | 25450 | SH |  | SOLE |  | 0 | 0 | 25450 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 428480 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 234916 | 2810 | SH |  | SOLE |  | 0 | 0 | 2810 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1165248 | 6683 | SH |  | SOLE |  | 0 | 0 | 6683 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 223713 | 1855 | SH |  | SOLE |  | 0 | 0 | 1855 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 | BBG001SFGXJ3 | 1499087 | 17806 | SH |  | SOLE |  | 0 | 0 | 17806 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 | BBG0130Y3986 | 1353284 | 29993 | SH |  | SOLE |  | 0 | 0 | 29993 |
| J P MORGAN EXCHANGE TRADED F | INFLATION MANAGE | 46654Q104 | BBG016CBMY44 | 2661913 | 58057 | SH |  | SOLE |  | 0 | 0 | 58057 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 | BBG00GP26NW0 | 729341 | 14549 | SH |  | SOLE |  | 0 | 0 | 14549 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1271173 | 7196 | SH |  | SOLE |  | 0 | 0 | 7196 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1271000 | 9478 | SH |  | SOLE |  | 0 | 0 | 9478 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 366068 | 7886 | SH |  | SOLE |  | 0 | 0 | 7886 |
| KKR INCOME OPPORTUNITIES FD | COM | 48249T106 | BBG004NRD5Z2 | 3363976 | 305538 | SH |  | SOLE |  | 0 | 0 | 305538 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 773386 | 2114 | SH |  | SOLE |  | 0 | 0 | 2114 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 | BBG001SDX252 | 62000 | 28182 | SH |  | SOLE |  | 0 | 0 | 28182 |
| LYFT INC | CL A COM | 55087P104 | BBG004M9ZHY4 | 199462 | 18100 | SH |  | SOLE |  | 0 | 0 | 18100 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 356423 | 1025 | SH |  | SOLE |  | 0 | 0 | 1025 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 280659 | 1065 | SH |  | SOLE |  | 0 | 0 | 1065 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1170301 | 10548 | SH |  | SOLE |  | 0 | 0 | 10548 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 320104 | 2660 | SH |  | SOLE |  | 0 | 0 | 2660 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 3625058 | 15116 | SH |  | SOLE |  | 0 | 0 | 15116 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 | BBG001SFZ3S8 | 257702 | 38636 | SH |  | SOLE |  | 0 | 0 | 38636 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 | BBG001SMCTP4 | 90687 | 31932 | SH |  | SOLE |  | 0 | 0 | 31932 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 802504 | 9439 | SH |  | SOLE |  | 0 | 0 | 9439 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 606863 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| NEW YORK MTG TR INC | COM PAR $.02 | 649604501 | BBG001SHHBR7 | 34737 | 13569 | SH |  | SOLE |  | 0 | 0 | 13569 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 509241 | 10789 | SH |  | SOLE |  | 0 | 0 | 10789 |
| NEXTDOOR HOLDINGS INC | COM CL A | 65345M108 | BBG00Z8MSWS4 | 95965 | 46585 | SH |  | SOLE |  | 0 | 0 | 46585 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 263507 | 3152 | SH |  | SOLE |  | 0 | 0 | 3152 |
| NOKIA CORP | SPONSORED ADR | 654902204 | BBG001SCPCG9 | 52274 | 11266 | SH |  | SOLE |  | 0 | 0 | 11266 |
| NOMURA HLDGS INC | SPONSORED ADR | 65535H208 | BBG001S6HZT6 | 58204 | 15521 | SH |  | SOLE |  | 0 | 0 | 15521 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 617168 | 6803 | SH |  | SOLE |  | 0 | 0 | 6803 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 818130 | 6045 | SH |  | SOLE |  | 0 | 0 | 6045 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 369442 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1005484 | 12301 | SH |  | SOLE |  | 0 | 0 | 12301 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 217574 | 33890 | SH |  | SOLE |  | 0 | 0 | 33890 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 302425 | 1674 | SH |  | SOLE |  | 0 | 0 | 1674 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 407256 | 7948 | SH |  | SOLE |  | 0 | 0 | 7948 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 289663 | 2862 | SH |  | SOLE |  | 0 | 0 | 2862 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 | BBG001V1XW67 | 3963233 | 44401 | SH |  | SOLE |  | 0 | 0 | 44401 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 | BBG002N12C17 | 4532324 | 50092 | SH |  | SOLE |  | 0 | 0 | 50092 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 | BBG001T618D9 | 4056192 | 41117 | SH |  | SOLE |  | 0 | 0 | 41117 |
| PIMCO ETF TR | ENHNCD LW DUR AC | 72201R718 | BBG005VLSHH1 | 2335857 | 24781 | SH |  | SOLE |  | 0 | 0 | 24781 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 | BBG001T6Q6C7 | 1160306 | 23538 | SH |  | SOLE |  | 0 | 0 | 23538 |
| PLANET LABS PBC | COM CL A | 72703X106 | BBG00ZCV3Q27 | 156300 | 35931 | SH |  | SOLE |  | 0 | 0 | 35931 |
| PRINCIPAL EXCHANGE TRADED FD | SPECTRUM PFD | 74255Y888 | BBG00H3P9YB7 | 1546556 | 90389 | SH |  | SOLE |  | 0 | 0 | 90389 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 956647 | 6312 | SH |  | SOLE |  | 0 | 0 | 6312 |
| QORVO INC | COM | 74736K101 | BBG007TJF1P5 | 368361 | 4064 | SH |  | SOLE |  | 0 | 0 | 4064 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 470103 | 4276 | SH |  | SOLE |  | 0 | 0 | 4276 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 270845 | 3804 | SH |  | SOLE |  | 0 | 0 | 3804 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 952470 | 8206 | SH |  | SOLE |  | 0 | 0 | 8206 |
| SAFEGUARD SCIENTIFICS INC | COM NEW | 786449207 | BBG001S5W0J9 | 93000 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 514184 | 3878 | SH |  | SOLE |  | 0 | 0 | 3878 |
| SANOFI | SPONSORED ADR | 80105N105 | BBG001S5W768 | 383662 | 7922 | SH |  | SOLE |  | 0 | 0 | 7922 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 333510 | 3232 | SH |  | SOLE |  | 0 | 0 | 3232 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 886053 | 10642 | SH |  | SOLE |  | 0 | 0 | 10642 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 207485 | 6442 | SH |  | SOLE |  | 0 | 0 | 6442 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 244099 | 5447 | SH |  | SOLE |  | 0 | 0 | 5447 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 368641 | 9100 | SH |  | SOLE |  | 0 | 0 | 9100 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | BBG001S7T232 | 5357502 | 54551 | SH |  | SOLE |  | 0 | 0 | 54551 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 735550 | 12916 | SH |  | SOLE |  | 0 | 0 | 12916 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 | BBG001S5W6H8 | 318545 | 4176 | SH |  | SOLE |  | 0 | 0 | 4176 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 315530 | 1860 | SH |  | SOLE |  | 0 | 0 | 1860 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 | BBG001TC9HP5 | 1158589 | 20319 | SH |  | SOLE |  | 0 | 0 | 20319 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 3285839 | 8592 | SH |  | SOLE |  | 0 | 0 | 8592 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 | BBG001T2PMD1 | 1281202 | 19913 | SH |  | SOLE |  | 0 | 0 | 19913 |
| SPDR SER TR | S DIVID ETF | 78464A763 | BBG001SPTBP8 | 9930210 | 79372 | SH |  | SOLE |  | 0 | 0 | 79372 |
| SPLUNK INC | COM | 848637104 | BBG001TWMNG3 | 258614 | 3004 | SH |  | SOLE |  | 0 | 0 | 3004 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 320792 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 | BBG001SLH608 | 274244 | 34195 | SH |  | SOLE |  | 0 | 0 | 34195 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 596692 | 7805 | SH |  | SOLE |  | 0 | 0 | 7805 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 225854 | 3032 | SH |  | SOLE |  | 0 | 0 | 3032 |
| TELEFONICA S A | SPONSORED ADR | 879382208 | BBG001S5WMH3 | 56474 | 15819 | SH |  | SOLE |  | 0 | 0 | 15819 |
| TERRENO RLTY CORP | COM | 88146M101 | BBG001T60PW1 | 1421579 | 24997 | SH |  | SOLE |  | 0 | 0 | 24997 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 2936981 | 23843 | SH |  | SOLE |  | 0 | 0 | 23843 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 254934 | 1543 | SH |  | SOLE |  | 0 | 0 | 1543 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 388236 | 705 | SH |  | SOLE |  | 0 | 0 | 705 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 | BBG001S6WYD9 | 419785 | 6762 | SH |  | SOLE |  | 0 | 0 | 6762 |
| TOYOTA MOTOR CORP | ADS | 892331307 | BBG001SDB327 | 472703 | 3461 | SH |  | SOLE |  | 0 | 0 | 3461 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 313108 | 1670 | SH |  | SOLE |  | 0 | 0 | 1670 |
| TWILIO INC | CL A | 90138F102 | BBG0029ZX859 | 783899 | 16011 | SH |  | SOLE |  | 0 | 0 | 16011 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 465147 | 18809 | SH |  | SOLE |  | 0 | 0 | 18809 |
| UBS GROUP AG | SHS | H42097107 | BBG007936GX0 | 306020 | 16391 | SH |  | SOLE |  | 0 | 0 | 16391 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 441670 | 8772 | SH |  | SOLE |  | 0 | 0 | 8772 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 254282 | 1228 | SH |  | SOLE |  | 0 | 0 | 1228 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 277622 | 1597 | SH |  | SOLE |  | 0 | 0 | 1597 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 727407 | 1372 | SH |  | SOLE |  | 0 | 0 | 1372 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 5307324 | 73877 | SH |  | SOLE |  | 0 | 0 | 73877 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | BBG00ZXBYMT4 | 2340289 | 47761 | SH |  | SOLE |  | 0 | 0 | 47761 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 4648804 | 98014 | SH |  | SOLE |  | 0 | 0 | 98014 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 | BBG001SK3J43 | 644105 | 4848 | SH |  | SOLE |  | 0 | 0 | 4848 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 13068557 | 64121 | SH |  | SOLE |  | 0 | 0 | 64121 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 275318 | 3338 | SH |  | SOLE |  | 0 | 0 | 3338 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 11911575 | 64899 | SH |  | SOLE |  | 0 | 0 | 64899 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 6235865 | 32616 | SH |  | SOLE |  | 0 | 0 | 32616 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 1650773 | 32923 | SH |  | SOLE |  | 0 | 0 | 32923 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 6236761 | 159999 | SH |  | SOLE |  | 0 | 0 | 159999 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 | BBG001T0SKD6 | 3616663 | 35178 | SH |  | SOLE |  | 0 | 0 | 35178 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 2844982 | 60907 | SH |  | SOLE |  | 0 | 0 | 60907 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 1152870 | 23295 | SH |  | SOLE |  | 0 | 0 | 23295 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 327015 | 4219 | SH |  | SOLE |  | 0 | 0 | 4219 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 215119 | 2861 | SH |  | SOLE |  | 0 | 0 | 2861 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 700788 | 4615 | SH |  | SOLE |  | 0 | 0 | 4615 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 530543 | 12641 | SH |  | SOLE |  | 0 | 0 | 12641 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 | BBG004N1LYJ5 | 3236148 | 53069 | SH |  | SOLE |  | 0 | 0 | 53069 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 5528229 | 51088 | SH |  | SOLE |  | 0 | 0 | 51088 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 6877682 | 27727 | SH |  | SOLE |  | 0 | 0 | 27727 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 | BBG001SHTTP7 | 1720140 | 10107 | SH |  | SOLE |  | 0 | 0 | 10107 |
| VINCERX PHARMA INC | COM NEW | 92731L106 | BBG00RRQXMY1 | 1720676 | 1686937 | SH |  | SOLE |  | 0 | 0 | 1686937 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 723949 | 3485 | SH |  | SOLE |  | 0 | 0 | 3485 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 301403 | 2126 | SH |  | SOLE |  | 0 | 0 | 2126 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 853588 | 20673 | SH |  | SOLE |  | 0 | 0 | 20673 |
| WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 | BBG001S5WCY6 | 244642 | 10105 | SH |  | SOLE |  | 0 | 0 | 10105 |
| WORKIVA INC | COM CL A | 98139A105 | BBG007BVZ8J7 | 379544 | 4520 | SH |  | SOLE |  | 0 | 0 | 4520 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 526554 | 3593 | SH |  | SOLE |  | 0 | 0 | 3593 |
| ZUORA INC | COM CL A | 98983V106 | BBG001SS0FH3 | 295327 | 46435 | SH |  | SOLE |  | 0 | 0 | 46435 |

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