# EDGAR Filing Document

**Accession Number:** 0002053733
**File Stem:** 0001214659-26-002176
**Filing Date:** 2026-2
**Character Count:** 17024
**Document Hash:** aab014a7436ed72f9e1382457abf1a9f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-002176.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001214659-26-002176

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**EFFECTIVENESS DATE**: 20260219

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Michels Family Financial, LLC
- **CENTRAL INDEX KEY:** 0002053733

**ORGANIZATION NAME:**
- **EIN:** 882841198
- **STATE OF INCORPORATION:** TX

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25390
- **FILM NUMBER:** 26653024

**BUSINESS ADDRESS:**
- **STREET 1:** 6000 WESTERN PLACE, SUITE 380
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76107
- **BUSINESS PHONE:** 817-719-9999

**MAIL ADDRESS:**
- **STREET 1:** 6000 WESTERN PLACE, SUITE 380
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76107

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Michels Family Financial LLC<br>**Address:** 6000 WESTERN PLACE SUITE 380<br>FORT WORTH, TX 76107

**Form 13F File Number:** 028-25390

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:** Chelsea Michels<br>**Title:** CFO<br>**Phone:** 361-226-3360

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

/s/ Chelsea Michels  Fort Worth, TX  02-18-2026<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:** 136

**Form 13F Information Table Value Total:** $136113034

      (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 |  | 237836 | 1898 | SH |  | SOLE |  | 1898 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 565984 | 2477 | SH |  | SOLE |  | 2477 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 624732 | 1785 | SH |  | SOLE |  | 1785 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1510620 | 4826 | SH |  | SOLE |  | 4826 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1082878 | 18780 | SH |  | SOLE |  | 18780 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1251091 | 5420 | SH |  | SOLE |  | 5420 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 251942 | 514 | SH |  | SOLE |  | 514 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 566108 | 8840 | SH |  | SOLE |  | 8840 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1516094 | 5577 | SH |  | SOLE |  | 5577 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 404292 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| ARDMORE SHIPPING CORP | COM | Y0207T100 |  | 329804 | 31143 | SH |  | SOLE |  | 31143 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 257810 | 10379 | SH |  | SOLE |  | 10379 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 600391 | 3094 | SH |  | SOLE |  | 3094 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 657969 | 1309 | SH |  | SOLE |  | 1309 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 499928 | 7469 | SH |  | SOLE |  | 7469 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 248893 | 4188 | SH |  | SOLE |  | 4188 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 606716 | 11248 | SH |  | SOLE |  | 11248 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 957398 | 16909 | SH |  | SOLE |  | 16909 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 257724 | 745 | SH |  | SOLE |  | 745 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 524555 | 7773 | SH |  | SOLE |  | 7773 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 346159 | 1171 | SH |  | SOLE |  | 1171 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1686177 | 11063 | SH |  | SOLE |  | 11063 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1213626 | 15755 | SH |  | SOLE |  | 15755 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1489889 | 12768 | SH |  | SOLE |  | 12768 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 709019 | 23721 | SH |  | SOLE |  | 23721 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 826682 | 10417 | SH |  | SOLE |  | 10417 | 0 | 0 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 479929 | 41989 | SH |  | SOLE |  | 41989 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 406526 | 11098 | SH |  | SOLE |  | 11098 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 936011 | 15595 | SH |  | SOLE |  | 15595 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 833504 | 2378 | SH |  | SOLE |  | 2378 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 327424 | 19856 | SH |  | SOLE |  | 19856 | 0 | 0 |
| EVOLUTION PETE CORP | COM | 30049A107 |  | 43541 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3625919 | 30131 | SH |  | SOLE |  | 30131 | 0 | 0 |
| FIDELITY NATL INFORMATION | COM | 31620M106 |  | 468913 | 7056 | SH |  | SOLE |  | 7056 | 0 | 0 |
| FIRST FINL BANKSHARES INC | COM | 32020R109 |  | 222254 | 7441 | SH |  | SOLE |  | 7441 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 829057 | 11934 | SH |  | SOLE |  | 11934 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 267450 | 6979 | SH |  | SOLE |  | 6979 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD | FT VEST LADDERED | 33740F755 |  | 750294 | 21900 | SH |  | SOLE |  | 21900 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 310393 | 4621 | SH |  | SOLE |  | 4621 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1585042 | 120811 | SH |  | SOLE |  | 120811 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 230743 | 9013 | SH |  | SOLE |  | 9013 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 330446 | 4269 | SH |  | SOLE |  | 4269 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 625304 | 12751 | SH |  | SOLE |  | 12751 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 214611 | 2617 | SH |  | SOLE |  | 2617 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C656 |  | 1908964 | 43665 | SH |  | SOLE |  | 43665 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 371006 | 8880 | SH |  | SOLE |  | 8880 | 0 | 0 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BUF | 45782C615 |  | 220617 | 3809 | SH |  | SOLE |  | 3809 | 0 | 0 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BUF | 45782C276 |  | 494615 | 6811 | SH |  | SOLE |  | 6811 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 352868 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 203130 | 4625 | SH |  | SOLE |  | 4625 | 0 | 0 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED | 45783Y335 |  | 1041526 | 36655 | SH |  | SOLE |  | 36655 | 0 | 0 |
| INVESCO EXCH TRADED FD TR | S 500 REVENUE | 46138G698 |  | 321545 | 2808 | SH |  | SOLE |  | 2808 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD | S 100 EQL WIGH | 46137V449 |  | 658563 | 5573 | SH |  | SOLE |  | 5573 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3733205 | 6077 | SH |  | SOLE |  | 6077 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 3122054 | 31258 | SH |  | SOLE |  | 31258 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1602306 | 16685 | SH |  | SOLE |  | 16685 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 635874 | 9160 | SH |  | SOLE |  | 9160 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4371549 | 6382 | SH |  | SOLE |  | 6382 | 0 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 574828 | 14571 | SH |  | SOLE |  | 14571 | 0 | 0 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 653625 | 8187 | SH |  | SOLE |  | 8187 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 488573 | 7278 | SH |  | SOLE |  | 7278 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 802365 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| ISHARES TR | RUS TOP 200 ETF | 464289446 |  | 398701 | 2337 | SH |  | SOLE |  | 2337 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 288393 | 2340 | SH |  | SOLE |  | 2340 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1127918 | 5319 | SH |  | SOLE |  | 5319 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 2289923 | 45273 | SH |  | SOLE |  | 45273 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 597397 | 2992 | SH |  | SOLE |  | 2992 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 385875 | 1125 | SH |  | SOLE |  | 1125 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 231109 | 2981 | SH |  | SOLE |  | 2981 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 522875 | 7322 | SH |  | SOLE |  | 7322 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 267208 | 2987 | SH |  | SOLE |  | 2987 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 857970 | 10137 | SH |  | SOLE |  | 10137 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 1190973 | 23307 | SH |  | SOLE |  | 23307 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 289510 | 1703 | SH |  | SOLE |  | 1703 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 222894 | 692 | SH |  | SOLE |  | 692 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 398331 | 824 | SH |  | SOLE |  | 824 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 284349 | 1748 | SH |  | SOLE |  | 1748 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 704984 | 7339 | SH |  | SOLE |  | 7339 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1803186 | 2732 | SH |  | SOLE |  | 2732 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1411067 | 2918 | SH |  | SOLE |  | 2918 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 574431 | 9016 | SH |  | SOLE |  | 9016 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 460762 | 3342 | SH |  | SOLE |  | 3342 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 960505 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 815175 | 927 | SH |  | SOLE |  | 927 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 275425 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 278012 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 935878 | 8993 | SH |  | SOLE |  | 8993 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 882041 | 3399 | SH |  | SOLE |  | 3399 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 727960 | 10862 | SH |  | SOLE |  | 10862 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 6876478 | 250692 | SH |  | SOLE |  | 250692 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 2443631 | 74912 | SH |  | SOLE |  | 74912 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1212897 | 45072 | SH |  | SOLE |  | 45072 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 306197 | 11674 | SH |  | SOLE |  | 11674 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 459865 | 16147 | SH |  | SOLE |  | 16147 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 274757 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 786351 | 4248 | SH |  | SOLE |  | 4248 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 627277 | 16344 | SH |  | SOLE |  | 16344 | 0 | 0 |
| SPDR INDEX SHS FDS | S EMKTSC ETF | 78463X756 |  | 1256479 | 19137 | SH |  | SOLE |  | 19137 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 8852997 | 12982 | SH |  | SOLE |  | 12982 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R606 |  | 3123649 | 131967 | SH |  | SOLE |  | 131967 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A706 |  | 566940 | 3401 | SH |  | SOLE |  | 3401 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1535305 | 12016 | SH |  | SOLE |  | 12016 | 0 | 0 |
| TCW ETF TRUST | FLEXIBLE INCOME | 29287L700 |  | 283067 | 7148 | SH |  | SOLE |  | 7148 | 0 | 0 |
| TELEFONAKTIEBOLAGET LM | ADR B SEK 10 | 294821608 |  | 690322 | 71536 | SH |  | SOLE |  | 71536 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1171521 | 2605 | SH |  | SOLE |  | 2605 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 348769 | 1057 | SH |  | SOLE |  | 1057 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 370148 | 2274 | SH |  | SOLE |  | 2274 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2837546 | 38309 | SH |  | SOLE |  | 38309 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 1338915 | 4797 | SH |  | SOLE |  | 4797 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 2129237 | 12004 | SH |  | SOLE |  | 12004 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 1552487 | 5139 | SH |  | SOLE |  | 5139 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1562558 | 7378 | SH |  | SOLE |  | 7378 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1355012 | 2777 | SH |  | SOLE |  | 2777 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 322440 | 1111 | SH |  | SOLE |  | 1111 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1595967 | 8356 | SH |  | SOLE |  | 8356 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2707070 | 4317 | SH |  | SOLE |  | 4317 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 219703 | 852 | SH |  | SOLE |  | 852 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 240902 | 765 | SH |  | SOLE |  | 765 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 476507 | 2279 | SH |  | SOLE |  | 2279 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX | FTSE EMR MKT ETF | 922042858 |  | 610055 | 11348 | SH |  | SOLE |  | 11348 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 3888610 | 31939 | SH |  | SOLE |  | 31939 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 781136 | 2528 | SH |  | SOLE |  | 2528 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000GRW | 92206C623 |  | 655440 | 2777 | SH |  | SOLE |  | 2777 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000VAL | 92206C649 |  | 694311 | 4341 | SH |  | SOLE |  | 4341 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 571691 | 9151 | SH |  | SOLE |  | 9151 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 719663 | 17669 | SH |  | SOLE |  | 17669 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 858001 | 2446 | SH |  | SOLE |  | 2446 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 1075138 | 81388 | SH |  | SOLE |  | 81388 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 686234 | 6160 | SH |  | SOLE |  | 6160 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 947688 | 32883 | SH |  | SOLE |  | 32883 | 0 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 587967 | 7513 | SH |  | SOLE |  | 7513 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 373905 | 4012 | SH |  | SOLE |  | 4012 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 413681 | 44434 | SH |  | SOLE |  | 44434 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 745597 | 4175 | SH |  | SOLE |  | 4175 | 0 | 0 |
| WISDOMTREE TR | GLOBAL EX US QUA | 97717W844 |  | 1816414 | 44066 | SH |  | SOLE |  | 44066 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 710766 | 12142 | SH |  | SOLE |  | 12142 | 0 | 0 |

---