# EDGAR Filing Document

**Accession Number:** 0001563690
**File Stem:** 0001563690-26-000002
**Filing Date:** 2026-4
**Character Count:** 21793
**Document Hash:** 9ccc0abcfb53ceead99845b31b99290e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001563690-26-000002.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0001563690-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260407

**EFFECTIVENESS DATE**: 20260408

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Boltwood Capital Management
- **CENTRAL INDEX KEY:** 0001563690

**ORGANIZATION NAME:**
- **EIN:** 942998774

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15111
- **FILM NUMBER:** 26846059

**BUSINESS ADDRESS:**
- **STREET 1:** 2099 MOUNT DIABLO BLVD., SUITE 220
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 4154331550

**MAIL ADDRESS:**
- **STREET 1:** 2099 MOUNT DIABLO BLVD., SUITE 220
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Boltwood Capital Management<br>**Address:** 2099 MOUNT DIABLO BLVD. SUITE 220<br>WALNUT CREEK, CA 94596

**Form 13F File Number:** 028-15111

**CRD Number (if applicable):** 000110293

**SEC File Number (if applicable):** 801-27099

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:** Zack Wolf<br>**Title:** Partner<br>**Phone:** 4154331550

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

Zack Wolf  Walnut Creek, CA  04-07-2026<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:** 184

**Form 13F Information Table Value Total:** $392066630

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 330689 | 2277 | SH |  | SOLE | 0 | 2277 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 1979786 | 19283 | SH |  | SOLE | 0 | 19283 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1495244 | 6875 | SH |  | SOLE | 0 | 6875 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 278201 | 1403 | SH |  | SOLE | 0 | 1403 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 440947 | 1814 | SH |  | SOLE | 0 | 1814 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1771265 | 8707 | SH |  | SOLE | 0 | 8707 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1460503 | 7044 | SH |  | SOLE | 0 | 7044 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7725587 | 26866 | SH |  | SOLE | 0 | 26866 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 843368 | 2940 | SH |  | SOLE | 0 | 2940 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3833209 | 18405 | SH |  | SOLE | 0 | 18405 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2147608 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 458545 | 2657 | SH |  | SOLE | 0 | 2657 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 924515 | 2906 | SH |  | SOLE | 0 | 2906 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9588640 | 37782 | SH |  | SOLE | 0 | 37782 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 270770 | 205 | SH |  | SOLE | 0 | 205 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 569585 | 19648 | SH |  | SOLE | 0 | 19648 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 652411 | 3211 | SH |  | SOLE | 0 | 3211 | 0 | 0 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 124080 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 592113 | 4375 | SH |  | SOLE | 0 | 4375 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 994819 | 2076 | SH |  | SOLE | 0 | 2076 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 233562 | 1274 | SH |  | SOLE | 0 | 1274 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 614533 | 639 | SH |  | SOLE | 0 | 639 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1052273 | 9151 | SH |  | SOLE | 0 | 9151 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 794926 | 3994 | SH |  | SOLE | 0 | 3994 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 361777 | 5965 | SH |  | SOLE | 0 | 5965 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1366487 | 4415 | SH |  | SOLE | 0 | 4415 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 5363751 | 7571 | SH |  | SOLE | 0 | 7571 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 564195 | 1796 | SH |  | SOLE | 0 | 1796 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 4710079 | 22765 | SH |  | SOLE | 0 | 22765 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 216388 | 6760 | SH |  | SOLE | 0 | 6760 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 929916 | 11985 | SH |  | SOLE | 0 | 11985 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 544481 | 4801 | SH |  | SOLE | 0 | 4801 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 928876 | 3145 | SH |  | SOLE | 0 | 3145 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1993499 | 26213 | SH |  | SOLE | 0 | 26213 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 257663 | 1895 | SH |  | SOLE | 0 | 1895 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 1712863 | 1719 | SH |  | SOLE | 0 | 1719 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 349417 | 895 | SH |  | SOLE | 0 | 895 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 630939 | 8785 | SH |  | SOLE | 0 | 8785 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 828552 | 4370 | SH |  | SOLE | 0 | 4370 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1255831 | 13030 | SH |  | SOLE | 0 | 13030 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 256553 | 4150 | SH |  | SOLE | 0 | 4150 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 450307 | 1259 | SH |  | SOLE | 0 | 1259 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1710772 | 1860 | SH |  | SOLE | 0 | 1860 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 341176 | 2604 | SH |  | SOLE | 0 | 2604 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4313945 | 25427 | SH |  | SOLE | 0 | 25427 | 0 | 0 |
| FLEXSHARES TR | HIG YLD VL ETF | 33939L662 |  | 9355532 | 233538 | SH |  | SOLE | 0 | 233538 | 0 | 0 |
| FLEXSHARES TR | DISCP DUR MBS | 33939L779 |  | 5915152 | 285683 | SH |  | SOLE | 0 | 285683 | 0 | 0 |
| FLEXSHARES TR | CR SCD US BD | 33939L761 |  | 3724146 | 76597 | SH |  | SOLE | 0 | 76597 | 0 | 0 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 5347435 | 83619 | SH |  | SOLE | 0 | 83619 | 0 | 0 |
| FLEXSHARES TR | GLB QLT R/E IDX | 33939L787 |  | 4996554 | 83627 | SH |  | SOLE | 0 | 83627 | 0 | 0 |
| FLEXSHARES TR | FLEXSHARES ULTRA | 33939L886 |  | 1513655 | 20073 | SH |  | SOLE | 0 | 20073 | 0 | 0 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 |  | 7128658 | 129236 | SH |  | SOLE | 0 | 129236 | 0 | 0 |
| FLEXSHARES TR | IBOXX 3R TARGT | 33939L506 |  | 21944181 | 905288 | SH |  | SOLE | 0 | 905288 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 243232 | 4400 | SH |  | SOLE | 0 | 4400 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 |  | 448632 | 12400 | SH |  | SOLE | 0 | 12400 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE CHINA | 35473P819 |  | 957732 | 42775 | SH |  | SOLE | 0 | 42775 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE SOUTH KOREA | 35473P710 |  | 676793 | 16975 | SH |  | SOLE | 0 | 16975 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE TAIWAN | 35473P686 |  | 888836 | 13050 | SH |  | SOLE | 0 | 13050 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 584979 | 9952 | SH |  | SOLE | 0 | 9952 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 321511 | 1133 | SH |  | SOLE | 0 | 1133 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 213861 | 245 | SH |  | SOLE | 0 | 245 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 626033 | 740 | SH |  | SOLE | 0 | 740 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 683694 | 12388 | SH |  | SOLE | 0 | 12388 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 319133 | 8185 | SH |  | SOLE | 0 | 8185 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 935692 | 2845 | SH |  | SOLE | 0 | 2845 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 369785 | 1636 | SH |  | SOLE | 0 | 1636 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 313323 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1866599 | 11868 | SH |  | SOLE | 0 | 11868 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 631426 | 2605 | SH |  | SOLE | 0 | 2605 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 252078 | 583 | SH |  | SOLE | 0 | 583 | 0 | 0 |
| ISHARES INC | MSCI STH AFR ETF | 464286780 |  | 277980 | 4100 | SH |  | SOLE | 0 | 4100 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 366948 | 9250 | SH |  | SOLE | 0 | 9250 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 383530 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 |  | 546749 | 6475 | SH |  | SOLE | 0 | 6475 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 500036 | 4065 | SH |  | SOLE | 0 | 4065 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 833310 | 11750 | SH |  | SOLE | 0 | 11750 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 211145 | 5500 | SH |  | SOLE | 0 | 5500 | 0 | 0 |
| ISHARES INC | MSCI FRANCE ETF | 464286707 |  | 440307 | 10150 | SH |  | SOLE | 0 | 10150 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 |  | 394027 | 6700 | SH |  | SOLE | 0 | 6700 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 659481 | 14475 | SH |  | SOLE | 0 | 14475 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 3113248 | 32052 | SH |  | SOLE | 0 | 32052 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 7956385 | 117820 | SH |  | SOLE | 0 | 117820 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 7080946 | 56962 | SH |  | SOLE | 0 | 56962 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 6880145 | 83325 | SH |  | SOLE | 0 | 83325 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2867972 | 30050 | SH |  | SOLE | 0 | 30050 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1814855 | 20935 | SH |  | SOLE | 0 | 20935 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 670292 | 11803 | SH |  | SOLE | 0 | 11803 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 6961898 | 87505 | SH |  | SOLE | 0 | 87505 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 4242380 | 80715 | SH |  | SOLE | 0 | 80715 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 705917 | 12415 | SH |  | SOLE | 0 | 12415 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 12764793 | 134437 | SH |  | SOLE | 0 | 134437 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 11631458 | 98073 | SH |  | SOLE | 0 | 98073 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 232575 | 2191 | SH |  | SOLE | 0 | 2191 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1272384 | 23908 | SH |  | SOLE | 0 | 23908 | 0 | 0 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 1013710 | 15130 | SH |  | SOLE | 0 | 15130 | 0 | 0 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 299556 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 1093714 | 23350 | SH |  | SOLE | 0 | 23350 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1342433 | 12605 | SH |  | SOLE | 0 | 12605 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 1180623 | 21015 | SH |  | SOLE | 0 | 21015 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 2302869 | 22265 | SH |  | SOLE | 0 | 22265 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 1037963 | 20505 | SH |  | SOLE | 0 | 20505 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 441025 | 3465 | SH |  | SOLE | 0 | 3465 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1085069 | 4439 | SH |  | SOLE | 0 | 4439 | 0 | 0 |
| JOHNSON CONTROLS INTERNATION | SHS | G51502105 |  | 551300 | 4210 | SH |  | SOLE | 0 | 4210 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 4995425 | 16982 | SH |  | SOLE | 0 | 16982 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 307008 | 3319 | SH |  | SOLE | 0 | 3319 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2988992 | 2030 | SH |  | SOLE | 0 | 2030 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2821656 | 11942 | SH |  | SOLE | 0 | 11942 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 514800 | 2968 | SH |  | SOLE | 0 | 2968 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1341587 | 2685 | SH |  | SOLE | 0 | 2685 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 600135 | 1931 | SH |  | SOLE | 0 | 1931 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 362457 | 4183 | SH |  | SOLE | 0 | 4183 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 702854 | 5843 | SH |  | SOLE | 0 | 5843 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2785701 | 4869 | SH |  | SOLE | 0 | 4869 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 913521 | 14139 | SH |  | SOLE | 0 | 14139 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7141320 | 19292 | SH |  | SOLE | 0 | 19292 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 751280 | 13034 | SH |  | SOLE | 0 | 13034 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 296650 | 680 | SH |  | SOLE | 0 | 680 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 455463 | 4737 | SH |  | SOLE | 0 | 4737 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 661677 | 7124 | SH |  | SOLE | 0 | 7124 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 551614 | 1922 | SH |  | SOLE | 0 | 1922 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 252805 | 1495 | SH |  | SOLE | 0 | 1495 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9393533 | 53862 | SH |  | SOLE | 0 | 53862 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1499786 | 10195 | SH |  | SOLE | 0 | 10195 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 201866 | 1380 | SH |  | SOLE | 0 | 1380 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 630859 | 3935 | SH |  | SOLE | 0 | 3935 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 321133 | 7100 | SH |  | SOLE | 0 | 7100 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 820086 | 5281 | SH |  | SOLE | 0 | 5281 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1595478 | 56819 | SH |  | SOLE | 0 | 56819 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 311666 | 1885 | SH |  | SOLE | 0 | 1885 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 2015227 | 13952 | SH |  | SOLE | 0 | 13952 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 673457 | 5095 | SH |  | SOLE | 0 | 5095 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 402604 | 2990 | SH |  | SOLE | 0 | 2990 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1679002 | 8704 | SH |  | SOLE | 0 | 8704 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1720351 | 9216 | SH |  | SOLE | 0 | 9216 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 219192 | 345 | SH |  | SOLE | 0 | 345 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 755317 | 8037 | SH |  | SOLE | 0 | 8037 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2580155 | 102795 | SH |  | SOLE | 0 | 102795 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 28353947 | 1145614 | SH |  | SOLE | 0 | 1145614 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3429463 | 117932 | SH |  | SOLE | 0 | 117932 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 8425136 | 255695 | SH |  | SOLE | 0 | 255695 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 2949064 | 95254 | SH |  | SOLE | 0 | 95254 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 637043 | 15602 | SH |  | SOLE | 0 | 15602 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 2277730 | 20546 | SH |  | SOLE | 0 | 20546 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 988788 | 21547 | SH |  | SOLE | 0 | 21547 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 1042639 | 20865 | SH |  | SOLE | 0 | 20865 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 2635221 | 43017 | SH |  | SOLE | 0 | 43017 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 2234129 | 45253 | SH |  | SOLE | 0 | 45253 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 2261309 | 13982 | SH |  | SOLE | 0 | 13982 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 7466455 | 56181 | SH |  | SOLE | 0 | 56181 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 1320013 | 16102 | SH |  | SOLE | 0 | 16102 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 2847419 | 19422 | SH |  | SOLE | 0 | 19422 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 2785525 | 25560 | SH |  | SOLE | 0 | 25560 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 230175 | 2475 | SH |  | SOLE | 0 | 2475 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X509 |  | 5264944 | 112235 | SH |  | SOLE | 0 | 112235 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X855 |  | 275192 | 3620 | SH |  | SOLE | 0 | 3620 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X889 |  | 12539142 | 274680 | SH |  | SOLE | 0 | 274680 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X749 |  | 1300783 | 28420 | SH |  | SOLE | 0 | 28420 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X541 |  | 3664430 | 49075 | SH |  | SOLE | 0 | 49075 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A367 |  | 999900 | 45000 | SH |  | SOLE | 0 | 45000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A672 |  | 1172194 | 40900 | SH |  | SOLE | 0 | 40900 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A664 |  | 1904646 | 72420 | SH |  | SOLE | 0 | 72420 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A383 |  | 4524191 | 202063 | SH |  | SOLE | 0 | 202063 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 228902 | 2555 | SH |  | SOLE | 0 | 2555 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1065945 | 7554 | SH |  | SOLE | 0 | 7554 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 834579 | 2245 | SH |  | SOLE | 0 | 2245 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1936842 | 12128 | SH |  | SOLE | 0 | 12128 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 269308 | 1110 | SH |  | SOLE | 0 | 1110 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 |  | 300098 | 5770 | SH |  | SOLE | 0 | 5770 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 501687 | 5656 | SH |  | SOLE | 0 | 5656 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 957297 | 2984 | SH |  | SOLE | 0 | 2984 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 591199 | 10938 | SH |  | SOLE | 0 | 10938 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 2076064 | 27644 | SH |  | SOLE | 0 | 27644 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 731204 | 3400 | SH |  | SOLE | 0 | 3400 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 241258 | 1997 | SH |  | SOLE | 0 | 1997 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 292265 | 1689 | SH |  | SOLE | 0 | 1689 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 357342 | 1987 | SH |  | SOLE | 0 | 1987 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 381653 | 547 | SH |  | SOLE | 0 | 547 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 252039 | 702 | SH |  | SOLE | 0 | 702 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 341862 | 6810 | SH |  | SOLE | 0 | 6810 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 202501 | 670 | SH |  | SOLE | 0 | 670 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2309122 | 18580 | SH |  | SOLE | 0 | 18580 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 1368098 | 17185 | SH |  | SOLE | 0 | 17185 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 352909 | 3903 | SH |  | SOLE | 0 | 3903 | 0 | 0 |

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