# EDGAR Filing Document

**Accession Number:** 0001304229
**File Stem:** 0001085146-25-003905
**Filing Date:** 2025-7
**Character Count:** 25339
**Document Hash:** 4cc997c921bc9d8ce7b69093a6057a86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003905.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001085146-25-003905

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250716

**EFFECTIVENESS DATE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SeaBridge Investment Advisors LLC
- **CENTRAL INDEX KEY:** 0001304229

**ORGANIZATION NAME:**
- **EIN:** 223452361
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12671
- **FILM NUMBER:** 251128287

**BUSINESS ADDRESS:**
- **STREET 1:** 450 SPRINGFIELD AVENUE, SUITE 301
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901-2610
- **BUSINESS PHONE:** 908-273-5085 X209

**MAIL ADDRESS:**
- **STREET 1:** 450 SPRINGFIELD AVENUE, SUITE 301
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901-2610

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** SeaBridge Investment Advisors LLC<br>**Address:** 450 SPRINGFIELD AVENUE SUITE 301<br>SUMMIT, NJ 07901-2610

**Form 13F File Number:** 028-12671

**CRD Number (if applicable):** 000108681

**SEC File Number (if applicable):** 801-55009

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:** Alex Butters<br>**Title:** Regulatory Consultant<br>**Phone:** 310-275-7300

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

/s/Alex Butters  Beverly Hills, CA  07-16-2025<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:** 196

**Form 13F Information Table Value Total:** $537867034

      (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 | 220473 | 1621 | SH |  | SOLE |  | 1621 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 266365 | 1435 | SH |  | SOLE |  | 1435 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 458905 | 3234 | SH |  | SOLE |  | 3234 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 500935 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 201706 | 1696 | SH |  | SOLE |  | 1696 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 | BBG009HT65S0 | 353248 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 3451294 | 30432 | SH |  | SOLE |  | 30432 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 1099556 | 5462 | SH |  | SOLE |  | 5462 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 9649122 | 54753 | SH |  | SOLE |  | 54753 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 6440854 | 36309 | SH |  | SOLE |  | 36309 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 7818621 | 35638 | SH |  | SOLE |  | 35638 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG001S5NJG1 | 1593258 | 18615 | SH |  | SOLE |  | 18615 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 838108 | 3792 | SH |  | SOLE |  | 3792 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 5360832 | 19200 | SH |  | SOLE |  | 19200 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 | BBG001T53FW2 | 3494275 | 50848 | SH |  | SOLE |  | 50848 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 | BBG00GBNZ4N9 | 2538258 | 133945 | SH |  | SOLE |  | 133945 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 | BBG001T61KH8 | 2608050 | 64748 | SH |  | SOLE |  | 64748 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 16606335 | 80939 | SH |  | SOLE |  | 80939 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG001S9HZ74 | 1989534 | 21851 | SH |  | SOLE |  | 21851 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 4084685 | 5097 | SH |  | SOLE |  | 5097 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 1858419 | 6026 | SH |  | SOLE |  | 6026 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 3835712 | 81059 | SH |  | SOLE |  | 81059 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 | BBG001S5P463 | 2387775 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 10698113 | 22023 | SH |  | SOLE |  | 22023 | 0 | 0 |
| BIOHAVEN LTD | COM | G1110E107 | BBG017BXV3R8 | 267004 | 18923 | SH |  | SOLE |  | 18923 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 | BBG001T53509 | 303641 | 12694 | SH |  | SOLE |  | 12694 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 4208778 | 727 | SH |  | SOLE |  | 727 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 7631095 | 27684 | SH |  | SOLE |  | 27684 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG001SR7MB9 | 569663 | 2344 | SH |  | SOLE |  | 2344 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 607549 | 1565 | SH |  | SOLE |  | 1565 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 | BBG001T2PJV8 | 136000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 1737880 | 18890 | SH |  | SOLE |  | 18890 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 547702 | 3825 | SH |  | SOLE |  | 3825 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 411563 | 5932 | SH |  | SOLE |  | 5932 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 648615 | 7620 | SH |  | SOLE |  | 7620 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 | BBG001SC7TN4 | 3267735 | 97023 | SH |  | SOLE |  | 97023 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 546013 | 7717 | SH |  | SOLE |  | 7717 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 2435253 | 2460 | SH |  | SOLE |  | 2460 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 644278 | 1265 | SH |  | SOLE |  | 1265 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 3984528 | 7836 | SH |  | SOLE |  | 7836 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 1359871 | 37943 | SH |  | SOLE |  | 37943 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 | BBG011DXXNJ2 | 7507715 | 112022 | SH |  | SOLE |  | 112022 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 540436 | 4358 | SH |  | SOLE |  | 4358 | 0 | 0 |
| DNOW INC | COM | 67011P100 | BBG005BLN1Z3 | 627547 | 42316 | SH |  | SOLE |  | 42316 | 0 | 0 |
| DOUBLELINE ETF TRUST | MORTGAGE ETF | 25861R402 | BBG01G091M76 | 3908769 | 79657 | SH |  | SOLE |  | 79657 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 315937 | 885 | SH |  | SOLE |  | 885 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 586652 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 200536 | 11061 | SH |  | SOLE |  | 11061 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 1104143 | 35606 | SH |  | SOLE |  | 35606 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 3420643 | 58653 | SH |  | SOLE |  | 58653 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 | BBG0028ZMP54 | 1057345 | 8771 | SH |  | SOLE |  | 8771 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 811950 | 7532 | SH |  | SOLE |  | 7532 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 4184720 | 19218 | SH |  | SOLE |  | 19218 | 0 | 0 |
| FIRST BANCORP INC ME | COM | 31866P102 | BBG001SD0659 | 243632 | 9588 | SH |  | SOLE |  | 9588 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 | BBG001S87K70 | 1235341 | 4323 | SH |  | SOLE |  | 4323 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 601521 | 2337 | SH |  | SOLE |  | 2337 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 302674 | 572 | SH |  | SOLE |  | 572 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 | BBG001S5RNH7 | 367570 | 3030 | SH |  | SOLE |  | 3030 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 | BBG001SGS2Z8 | 1533407 | 19158 | SH |  | SOLE |  | 19158 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 511704 | 723 | SH |  | SOLE |  | 723 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG001SJB7J7 | 329375 | 4296 | SH |  | SOLE |  | 4296 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 4793452 | 13074 | SH |  | SOLE |  | 13074 | 0 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 | BBG01HTMDZ63 | 202568 | 3001 | SH |  | SOLE |  | 3001 | 0 | 0 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 | BBG001SCZVC0 | 595013 | 9788 | SH |  | SOLE |  | 9788 | 0 | 0 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 2131492 | 5219 | SH |  | SOLE |  | 5219 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 5769949 | 31449 | SH |  | SOLE |  | 31449 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 1284009 | 4356 | SH |  | SOLE |  | 4356 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 | BBG006F9S8B0 | 6343431 | 259445 | SH |  | SOLE |  | 259445 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 7763388 | 42717 | SH |  | SOLE |  | 42717 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 2396876 | 4345 | SH |  | SOLE |  | 4345 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 | BBG00H5VLN77 | 877646 | 13900 | SH |  | SOLE |  | 13900 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 | BBG001S8SYN9 | 517293 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 | BBG001SF9FC7 | 712273 | 9923 | SH |  | SOLE |  | 9923 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 1892854 | 22844 | SH |  | SOLE |  | 22844 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 1982918 | 20705 | SH |  | SOLE |  | 20705 | 0 | 0 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 | BBG002NCM1M2 | 3893268 | 81381 | SH |  | SOLE |  | 81381 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 3692873 | 100459 | SH |  | SOLE |  | 100459 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 1294024 | 15501 | SH |  | SOLE |  | 15501 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 2710274 | 43700 | SH |  | SOLE |  | 43700 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 1634760 | 14958 | SH |  | SOLE |  | 14958 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 4603974 | 7415 | SH |  | SOLE |  | 7415 | 0 | 0 |
| ISHARES TR | EUROPE ETF | 464287861 | BBG001SFGXD9 | 3067625 | 48500 | SH |  | SOLE |  | 48500 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 507938 | 4015 | SH |  | SOLE |  | 4015 | 0 | 0 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 | BBG001SJRVW2 | 351005 | 13392 | SH |  | SOLE |  | 13392 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 982376 | 7639 | SH |  | SOLE |  | 7639 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 724059 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 823303 | 7880 | SH |  | SOLE |  | 7880 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 13521781 | 440736 | SH |  | SOLE |  | 440736 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 1287672 | 14001 | SH |  | SOLE |  | 14001 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 504949 | 2340 | SH |  | SOLE |  | 2340 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 3325020 | 30200 | SH |  | SOLE |  | 30200 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 1289772 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 | BBG001SC08P5 | 1218615 | 6460 | SH |  | SOLE |  | 6460 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 | BBG001SQZTR8 | 518026 | 5560 | SH |  | SOLE |  | 5560 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 | BBG002NCKPP8 | 23214351 | 1010198 | SH |  | SOLE |  | 1010198 | 0 | 0 |
| ITT INC | COM | 45073V108 | BBG00CVQZQB3 | 2476346 | 15790 | SH |  | SOLE |  | 15790 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 | BBG00LYBQSH3 | 14440463 | 320543 | SH |  | SOLE |  | 320543 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 10110415 | 199220 | SH |  | SOLE |  | 199220 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 | BBG005YHY0R6 | 498544 | 15274 | SH |  | SOLE |  | 15274 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 845777 | 5537 | SH |  | SOLE |  | 5537 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 8370572 | 28873 | SH |  | SOLE |  | 28873 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 722726 | 5606 | SH |  | SOLE |  | 5606 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 411145 | 459 | SH |  | SOLE |  | 459 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 2602214 | 75800 | SH |  | SOLE |  | 75800 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 | BBG01HLMBDC5 | 2752426 | 26339 | SH |  | SOLE |  | 26339 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 2859461 | 12888 | SH |  | SOLE |  | 12888 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 3631819 | 6463 | SH |  | SOLE |  | 6463 | 0 | 0 |
| MAYVILLE ENGR CO INC | COM | 578605107 | BBG001TFSDY6 | 261042 | 16356 | SH |  | SOLE |  | 16356 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 260032 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 417965 | 5280 | SH |  | SOLE |  | 5280 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 12513578 | 16954 | SH |  | SOLE |  | 16954 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG001SB87G1 | 1415538 | 1205 | SH |  | SOLE |  | 1205 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 351263 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 19038529 | 38275 | SH |  | SOLE |  | 38275 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 | BBG0022FDRZ7 | 208941 | 995 | SH |  | SOLE |  | 995 | 0 | 0 |
| NATERA INC | COM | 632307104 | BBG001V0FSF8 | 3779864 | 22374 | SH |  | SOLE |  | 22374 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 7408068 | 5532 | SH |  | SOLE |  | 5532 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 243986 | 3535 | SH |  | SOLE |  | 3535 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 391655 | 2439 | SH |  | SOLE |  | 2439 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 | BBG00GNT7B03 | 1537884 | 20995 | SH |  | SOLE |  | 20995 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 4018792 | 25437 | SH |  | SOLE |  | 25437 | 0 | 0 |
| NVR INC | COM | 62944T105 | BBG001S5TSM8 | 2067985 | 280 | SH |  | SOLE |  | 280 | 0 | 0 |
| OR ROYALTIES INC. | COM SHS | 68390D106 | BBG006L2SZD6 | 398505 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 8723993 | 39903 | SH |  | SOLE |  | 39903 | 0 | 0 |
| OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 | BBG001SSW232 | 25680 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | BBG001SF6W88 | 1451548 | 116031 | SH |  | SOLE |  | 116031 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 312454 | 12890 | SH |  | SOLE |  | 12890 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 362439 | 1990 | SH |  | SOLE |  | 1990 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 | BBG001WTBC45 | 655925 | 6016 | SH |  | SOLE |  | 6016 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 275423 | 1729 | SH |  | SOLE |  | 1729 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 3769080 | 9969 | SH |  | SOLE |  | 9969 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 1583296 | 67317 | SH |  | SOLE |  | 67317 | 0 | 0 |
| RPM INTL INC | COM | 749685103 | BBG001S7X317 | 2981827 | 27147 | SH |  | SOLE |  | 27147 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 3607717 | 24707 | SH |  | SOLE |  | 24707 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 5728672 | 21008 | SH |  | SOLE |  | 21008 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 259702 | 854 | SH |  | SOLE |  | 854 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 316147 | 3465 | SH |  | SOLE |  | 3465 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 618562 | 21176 | SH |  | SOLE |  | 21176 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 305477 | 11040 | SH |  | SOLE |  | 11040 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 337272 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | BBG001V036R6 | 586871 | 20922 | SH |  | SOLE |  | 20922 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | BBG0113JGQG9 | 4106911 | 28455 | SH |  | SOLE |  | 28455 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 558898 | 6590 | SH |  | SOLE |  | 6590 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 262531 | 5013 | SH |  | SOLE |  | 5013 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 1168091 | 8666 | SH |  | SOLE |  | 8666 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 230853 | 2827 | SH |  | SOLE |  | 2827 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 2533060 | 10003 | SH |  | SOLE |  | 10003 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 218982 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 225312 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 | BBG001SB9QN0 | 2063915 | 13289 | SH |  | SOLE |  | 13289 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 352079 | 1155 | SH |  | SOLE |  | 1155 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 4111792 | 6655 | SH |  | SOLE |  | 6655 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 | BBG00X8RXGK5 | 4944356 | 49727 | SH |  | SOLE |  | 49727 | 0 | 0 |
| SPDR SERIES TRUST | PORTFLI TIPS ETF | 78464A656 | BBG001STKCZ6 | 4210932 | 161586 | SH |  | SOLE |  | 161586 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 | BBG0029J2KF1 | 13379936 | 456809 | SH |  | SOLE |  | 456809 | 0 | 0 |
| SPDR SERIES TRUST | S BK ETF | 78464A797 | BBG001SPTB32 | 301606 | 5409 | SH |  | SOLE |  | 5409 | 0 | 0 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 | BBG001SQDKH2 | 297485 | 3018 | SH |  | SOLE |  | 3018 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 | BBG001SB12P9 | 370481 | 2945 | SH |  | SOLE |  | 2945 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG003T4VFD1 | 12413260 | 16177 | SH |  | SOLE |  | 16177 | 0 | 0 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 | BBG0084H8485 | 4108307 | 102426 | SH |  | SOLE |  | 102426 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 2949027 | 7454 | SH |  | SOLE |  | 7454 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 | BBG001S5S3G1 | 242760 | 4691 | SH |  | SOLE |  | 4691 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 406876 | 5372 | SH |  | SOLE |  | 5372 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 16541924 | 73036 | SH |  | SOLE |  | 73036 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 | BBG001SFH7D5 | 243322 | 2771 | SH |  | SOLE |  | 2771 | 0 | 0 |
| TCW STRATEGIC INCOME FD INC | COM | 872340104 | BBG001S5QBH4 | 3929225 | 805169 | SH |  | SOLE |  | 805169 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 1409238 | 8355 | SH |  | SOLE |  | 8355 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 801457 | 2523 | SH |  | SOLE |  | 2523 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 1654732 | 7970 | SH |  | SOLE |  | 7970 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 4387078 | 10820 | SH |  | SOLE |  | 10820 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 6599326 | 27698 | SH |  | SOLE |  | 27698 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 398044 | 910 | SH |  | SOLE |  | 910 | 0 | 0 |
| TREX CO INC | COM | 89531P105 | BBG001SB6TV8 | 276142 | 5078 | SH |  | SOLE |  | 5078 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 401190 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 1086403 | 1442 | SH |  | SOLE |  | 1442 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 569225 | 10934 | SH |  | SOLE |  | 10934 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 | BBG001T60G06 | 2288665 | 33861 | SH |  | SOLE |  | 33861 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 838314 | 3006 | SH |  | SOLE |  | 3006 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 528825 | 6719 | SH |  | SOLE |  | 6719 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 267057 | 3627 | SH |  | SOLE |  | 3627 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 3772288 | 6641 | SH |  | SOLE |  | 6641 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 3649151 | 12007 | SH |  | SOLE |  | 12007 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 601681 | 12165 | SH |  | SOLE |  | 12165 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 840333 | 10843 | SH |  | SOLE |  | 10843 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 265842 | 3206 | SH |  | SOLE |  | 3206 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 14648909 | 316118 | SH |  | SOLE |  | 316118 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 1160964 | 19751 | SH |  | SOLE |  | 19751 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 510753 | 8959 | SH |  | SOLE |  | 8959 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 490903 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 846085 | 2383 | SH |  | SOLE |  | 2383 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 4697938 | 48046 | SH |  | SOLE |  | 48046 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1813917 | 22640 | SH |  | SOLE |  | 22640 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 | BBG001SCRP78 | 3129325 | 16897 | SH |  | SOLE |  | 16897 | 0 | 0 |
| WESTERN ASSET INVESTMENT GRA | COM | 95766T100 | BBG001S5V055 | 3845637 | 296274 | SH |  | SOLE |  | 296274 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | BBG001S6DSP0 | 5767226 | 64223 | SH |  | SOLE |  | 64223 | 0 | 0 |

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