# EDGAR Filing Document

**Accession Number:** 0001798150
**File Stem:** 0001798150-25-000005
**Filing Date:** 2025-11
**Character Count:** 67398
**Document Hash:** ff3418d0ebe32babc30619bbf1317edb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798150-25-000005.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001798150-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avalon Trust Co
- **CENTRAL INDEX KEY:** 0001798150

**ORGANIZATION NAME:**
- **EIN:** 850445928
- **STATE OF INCORPORATION:** NM
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23231
- **FILM NUMBER:** 251465579

**BUSINESS ADDRESS:**
- **STREET 1:** 125 LINCOLN AVE
- **STREET 2:** SUITE 301
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87501
- **BUSINESS PHONE:** 5059831111

**MAIL ADDRESS:**
- **STREET 1:** 125 LINCOLN AVE
- **STREET 2:** SUITE 301
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87501

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Avalon Trust Co<br>**Address:** 125 LINCOLN AVE<br>SUITE 301<br>SANTA FE, NM 87501

**Form 13F File Number:** 028-23231

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:** Cody Cravens<br>**Title:** Operations Manager<br>**Phone:** 505-983-1111

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

Cody Cravens  Santa Fe, NM  11-10-2025<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:** 613

**Form 13F Information Table Value Total:** $1540227803

      (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 |
| 374WATER INC | COM | 88583P104 |  | 12337 | 43000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 43000 |
| 3M CO | COM | 88579Y101 |  | 497818 | 3208 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3208 |
| ABBOTT LABS | COM | 002824100 |  | 1001202 | 7475 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7475 |
| ABBVIE INC | COM | 00287Y109 |  | 800203 | 3456 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3456 |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 |  | 483600 | 24000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 24000 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 108504 | 440 | SH |  | SOLE | Avalon Trust | 0 | 0 | 440 |
| ADOBE INC | COM | 00724F101 |  | 6699216 | 18991 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18991 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 37449 | 270 | SH |  | SOLE | Avalon Trust | 0 | 0 | 270 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 175219 | 1083 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1083 |
| AES CORP | COM | 00130H105 |  | 527 | 40 | SH |  | SOLE | Avalon Trust | 0 | 0 | 40 |
| AFLAC INC | COM | 001055102 |  | 671 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2824 | 22 | SH |  | SOLE | Avalon Trust | 0 | 0 | 22 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 106361 | 390 | SH |  | SOLE | Avalon Trust | 0 | 0 | 390 |
| AIRBNB INC | COM CL A | 009066101 |  | 23070 | 190 | SH |  | SOLE | Avalon Trust | 0 | 0 | 190 |
| ALBEMARLE CORP | COM | 012653101 |  | 9325 | 115 | SH |  | SOLE | Avalon Trust | 0 | 0 | 115 |
| ALCON AG | ORD SHS | H01301128 |  | 7451 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 28919 | 347 | SH |  | SOLE | Avalon Trust | 0 | 0 | 347 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 376 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 533 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 472 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| ALLSTATE CORP | COM | 020002101 |  | 6869 | 32 | SH |  | SOLE | Avalon Trust | 0 | 0 | 32 |
| ALPHA TAU MEDICAL LTD | *W EXP 99/99/999 | M0740A116 |  | 5003 | 14500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 14500 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13188570 | 54252 | SH |  | SOLE | Avalon Trust | 0 | 0 | 54252 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 93577999 | 384225 | SH |  | SOLE | Avalon Trust | 0 | 0 | 384225 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 51131 | 774 | SH |  | SOLE | Avalon Trust | 0 | 0 | 774 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 1342161 | 49435 | SH |  | SOLE | Avalon Trust | 0 | 0 | 49435 |
| AMAZON COM INC | COM | 023135106 |  | 80071690 | 364675 | SH |  | SOLE | Avalon Trust | 0 | 0 | 364675 |
| AMCOR PLC | ORD | G0250X107 |  | 303 | 37 | SH |  | SOLE | Avalon Trust | 0 | 0 | 37 |
| AMEREN CORP | COM | 023608102 |  | 64090 | 614 | SH |  | SOLE | Avalon Trust | 0 | 0 | 614 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 194738 | 1731 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1731 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 84037 | 253 | SH |  | SOLE | Avalon Trust | 0 | 0 | 253 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 72048 | 1715 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1715 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 54863 | 1650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1650 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 707 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 560421 | 2914 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2914 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 20637563 | 148269 | SH |  | SOLE | Avalon Trust | 0 | 0 | 148269 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 31824 | 2600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2600 |
| AMGEN INC | COM | 031162100 |  | 60956 | 216 | SH |  | SOLE | Avalon Trust | 0 | 0 | 216 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 23637 | 191 | SH |  | SOLE | Avalon Trust | 0 | 0 | 191 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 252154 | 2905 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2905 |
| ANALOG DEVICES INC | COM | 032654105 |  | 9643971 | 39251 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39251 |
| AON PLC | SHS CL A | G0403H108 |  | 14115220 | 39585 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39585 |
| APA CORPORATION | COM | 03743Q108 |  | 1409 | 58 | SH |  | SOLE | Avalon Trust | 0 | 0 | 58 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 534 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| APPIAN CORP | CL A | 03782L101 |  | 15285 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| APPLE INC | COM | 037833100 |  | 105264070 | 413400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 413400 |
| APPLIED MATLS INC | COM | 038222105 |  | 1523471 | 7441 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7441 |
| APTIV PLC | COM SHS | G3265R107 |  | 65183 | 756 | SH |  | SOLE | Avalon Trust | 0 | 0 | 756 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 545 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 478 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 94016 | 588 | SH |  | SOLE | Avalon Trust | 0 | 0 | 588 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 13342665 | 91570 | SH |  | SOLE | Avalon Trust | 0 | 0 | 91570 |
| ARK RESTAURANTS CORP | COM | 040712101 |  | 21360 | 3000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3000 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 28298 | 200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 200 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 123916 | 128 | SH |  | SOLE | Avalon Trust | 0 | 0 | 128 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 26889 | 350 | SH |  | SOLE | Avalon Trust | 0 | 0 | 350 |
| AT INC | COM | 00206R102 |  | 47867 | 1695 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1695 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 854 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| AUTODESK INC | COM | 052769106 |  | 28908 | 91 | SH |  | SOLE | Avalon Trust | 0 | 0 | 91 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 572912 | 1952 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1952 |
| AUTOZONE INC | COM | 053332102 |  | 25599863 | 5967 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5967 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 1160952 | 6010 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6010 |
| AVERY DENNISON CORP | COM | 053611109 |  | 325 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 358820 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| BALL CORP | COM | 058498106 |  | 353 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| BANK AMERICA CORP | COM | 060505104 |  | 531635 | 10305 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10305 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 872 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 749 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| BERKLEY W R CORP | COM | 084423102 |  | 116310 | 1518 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1518 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 36553220 | 72708 | SH |  | SOLE | Avalon Trust | 0 | 0 | 72708 |
| BEST BUY INC | COM | 086516101 |  | 454 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| BIOGEN INC | COM | 09062X103 |  | 1261 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 33601 | 604 | SH |  | SOLE | Avalon Trust | 0 | 0 | 604 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 6901 | 74 | SH |  | SOLE | Avalon Trust | 0 | 0 | 74 |
| BLACKROCK INC | COM | 09290D101 |  | 36142 | 31 | SH |  | SOLE | Avalon Trust | 0 | 0 | 31 |
| BLACKSTONE INC | COM | 09260D107 |  | 564831 | 3306 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3306 |
| BLEND LABS INC | CL A | 09352U108 |  | 43578 | 11939 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11939 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 30342025 | 358780 | SH |  | SOLE | Avalon Trust | 0 | 0 | 358780 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 11835493 | 699084 | SH |  | SOLE | Avalon Trust | 0 | 0 | 699084 |
| BOEING CO | COM | 097023105 |  | 10792 | 50 | SH |  | SOLE | Avalon Trust | 0 | 0 | 50 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 31144 | 319 | SH |  | SOLE | Avalon Trust | 0 | 0 | 319 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 84112 | 1865 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1865 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 62280 | 2250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2250 |
| BROADCOM INC | COM | 11135F101 |  | 110659366 | 335423 | SH |  | SOLE | Avalon Trust | 0 | 0 | 335423 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 477 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1097280 | 16000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16000 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 6149773 | 186980 | SH |  | SOLE | Avalon Trust | 0 | 0 | 186980 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 7943110 | 193169 | SH |  | SOLE | Avalon Trust | 0 | 0 | 193169 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 10326 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| BROWN  BROWN INC | COM | 115236101 |  | 845 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 407 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| BXP INC | COM | 101121101 |  | 36427 | 490 | SH |  | SOLE | Avalon Trust | 0 | 0 | 490 |
| CACI INTL INC | CL A | 127190304 |  | 62348 | 125 | SH |  | SOLE | Avalon Trust | 0 | 0 | 125 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 47069 | 134 | SH |  | SOLE | Avalon Trust | 0 | 0 | 134 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 88201 | 826 | SH |  | SOLE | Avalon Trust | 0 | 0 | 826 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 961860 | 10200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10200 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1914 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 785 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 359 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| CATERPILLAR INC | COM | 149123101 |  | 180840 | 379 | SH |  | SOLE | Avalon Trust | 0 | 0 | 379 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 58125 | 237 | SH |  | SOLE | Avalon Trust | 0 | 0 | 237 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1419 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| CDW CORP | COM | 12514G108 |  | 72632 | 456 | SH |  | SOLE | Avalon Trust | 0 | 0 | 456 |
| CENCORA INC | COM | 03073E105 |  | 200645 | 642 | SH |  | SOLE | Avalon Trust | 0 | 0 | 642 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 621 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| CF INDS HLDGS INC | COM | 125269100 |  | 538200 | 6000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6000 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 470 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| CHART INDS INC | COM | 16115Q308 |  | 15330290 | 76594 | SH |  | SOLE | Avalon Trust | 0 | 0 | 76594 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 100102 | 426 | SH |  | SOLE | Avalon Trust | 0 | 0 | 426 |
| CHEVRON CORP NEW | COM | 166764100 |  | 186659 | 1202 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1202 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 353 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| CHUBB LIMITED | COM | H1467J104 |  | 123061 | 436 | SH |  | SOLE | Avalon Trust | 0 | 0 | 436 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 71507 | 816 | SH |  | SOLE | Avalon Trust | 0 | 0 | 816 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 7761 | 80 | SH |  | SOLE | Avalon Trust | 0 | 0 | 80 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 317 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| CISCO SYS INC | COM | 17275R102 |  | 559334 | 8175 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8175 |
| CITIGROUP INC | COM NEW | 172967424 |  | 41615 | 410 | SH |  | SOLE | Avalon Trust | 0 | 0 | 410 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1808 | 34 | SH |  | SOLE | Avalon Trust | 0 | 0 | 34 |
| CLEAN ENERGY FUELS CORP | COM | 184499101 |  | 929 | 360 | SH |  | SOLE | Avalon Trust | 0 | 0 | 360 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 42375 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| CLIMB GLOBAL SOLUTIONS INC | COM | 946760105 |  | 107872 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| CME GROUP INC | COM | 12572Q105 |  | 1622 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| CMS ENERGY CORP | COM | 125896100 |  | 21344008 | 291346 | SH |  | SOLE | Avalon Trust | 0 | 0 | 291346 |
| COCA COLA CO | COM | 191216100 |  | 122062 | 1841 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1841 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 17550 | 52 | SH |  | SOLE | Avalon Trust | 0 | 0 | 52 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 49403 | 618 | SH |  | SOLE | Avalon Trust | 0 | 0 | 618 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 17798 | 566 | SH |  | SOLE | Avalon Trust | 0 | 0 | 566 |
| COMFORT SYS USA INC | COM | 199908104 |  | 13203 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| COMPLETE SOLARIA INC | COM | 20460L104 |  | 92 | 52 | SH |  | SOLE | Avalon Trust | 0 | 0 | 52 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 495 | 27 | SH |  | SOLE | Avalon Trust | 0 | 0 | 27 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 38215 | 404 | SH |  | SOLE | Avalon Trust | 0 | 0 | 404 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 905 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1482 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1317 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| COOPER COS INC | COM | 216648501 |  | 340058 | 4960 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4960 |
| COPART INC | COM | 217204106 |  | 855 | 19 | SH |  | SOLE | Avalon Trust | 0 | 0 | 19 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 209928 | 1534 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1534 |
| CORNERSTONE STRATEGIC INVEST | COM | 21924B302 |  | 8280 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| CORNING INC | COM | 219350105 |  | 2215 | 27 | SH |  | SOLE | Avalon Trust | 0 | 0 | 27 |
| CORTEVA INC | COM | 22052L104 |  | 542 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| COSTAR GROUP INC | COM | 22160N109 |  | 1519 | 18 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2474209 | 2673 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2673 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 247152 | 504 | SH |  | SOLE | Avalon Trust | 0 | 0 | 504 |
| CROWN CASTLE INC | COM | 22822V101 |  | 290 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| CSX CORP | COM | 126408103 |  | 147722 | 4160 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4160 |
| CUBESMART | COM | 229663109 |  | 50825 | 1250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1250 |
| CUMMINS INC | COM | 231021106 |  | 85319 | 202 | SH |  | SOLE | Avalon Trust | 0 | 0 | 202 |
| CVS HEALTH CORP | COM | 126650100 |  | 208529 | 2766 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2766 |
| CYBIN INC | COM NEW | 23256X407 |  | 1161 | 197 | SH |  | SOLE | Avalon Trust | 0 | 0 | 197 |
| D R HORTON INC | COM | 23331A109 |  | 1143923 | 6750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6750 |
| DANAHER CORPORATION | COM | 235851102 |  | 15624276 | 78807 | SH |  | SOLE | Avalon Trust | 0 | 0 | 78807 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 572 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| DATADOG INC | CL A COM | 23804L103 |  | 428 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| DBX ETF TR | XTRACKERS RUSSEL | 233051481 |  | 34854 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| DEERE  CO | COM | 244199105 |  | 2744 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 426 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 511 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2279 | 65 | SH |  | SOLE | Avalon Trust | 0 | 0 | 65 |
| DEXCOM INC | COM | 252131107 |  | 1212 | 18 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 573 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 152999 | 885 | SH |  | SOLE | Avalon Trust | 0 | 0 | 885 |
| DISNEY WALT CO | COM | 254687106 |  | 2290 | 20 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 414 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 112896 | 1846 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1846 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 432 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| DOORDASH INC | CL A | 25809K105 |  | 3264 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| DOVER CORP | COM | 260003108 |  | 1335 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| DOW INC | COM | 260557103 |  | 413 | 18 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18 |
| DREAM FINDERS HOMES INC | COM CL A | 26154D100 |  | 31104 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| DTE ENERGY CO | COM | 233331107 |  | 849 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1733 | 14 | SH |  | SOLE | Avalon Trust | 0 | 0 | 14 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 46195 | 593 | SH |  | SOLE | Avalon Trust | 0 | 0 | 593 |
| EATON CORP PLC | SHS | G29183103 |  | 98428 | 263 | SH |  | SOLE | Avalon Trust | 0 | 0 | 263 |
| EBAY INC. | COM | 278642103 |  | 1092 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| ECOLAB INC | COM | 278865100 |  | 267562 | 977 | SH |  | SOLE | Avalon Trust | 0 | 0 | 977 |
| EDISON INTL | COM | 281020107 |  | 1106 | 20 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 62605 | 805 | SH |  | SOLE | Avalon Trust | 0 | 0 | 805 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 6657 | 33 | SH |  | SOLE | Avalon Trust | 0 | 0 | 33 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 113739 | 352 | SH |  | SOLE | Avalon Trust | 0 | 0 | 352 |
| ELI LILLY  CO | COM | 532457108 |  | 737058 | 966 | SH |  | SOLE | Avalon Trust | 0 | 0 | 966 |
| EMERSON ELEC CO | COM | 291011104 |  | 171190 | 1305 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1305 |
| ENBRIDGE INC | COM | 29250N105 |  | 50460 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 2655 | 75 | SH |  | SOLE | Avalon Trust | 0 | 0 | 75 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 306450 | 9800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9800 |
| EPAM SYS INC | COM | 29414B104 |  | 604 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| EQT CORP | COM | 26884L109 |  | 545 | 10 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10 |
| EQUINIX INC | COM | 29444U700 |  | 16485636 | 21048 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21048 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 351 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 427 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 55726 | 850 | SH |  | SOLE | Avalon Trust | 0 | 0 | 850 |
| EXELON CORP | COM | 30161N101 |  | 946 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 491 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 27766 | 197 | SH |  | SOLE | Avalon Trust | 0 | 0 | 197 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 228545 | 2027 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2027 |
| FASTENAL CO | COM | 311900104 |  | 98865 | 2016 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2016 |
| FEDEX CORP | COM | 31428X106 |  | 944 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 50082 | 223 | SH |  | SOLE | Avalon Trust | 0 | 0 | 223 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 22284 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 79058 | 1400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1400 |
| FIDELITY ETHEREUM FD | SHS | 31613E103 |  | 40927 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 330 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 24953 | 250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 250 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 44550 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 11149 | 449 | SH |  | SOLE | Avalon Trust | 0 | 0 | 449 |
| FIRST SOLAR INC | COM | 336433107 |  | 29144804 | 132158 | SH |  | SOLE | Avalon Trust | 0 | 0 | 132158 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 166558 | 2191 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2191 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337344105 |  | 31750 | 225 | SH |  | SOLE | Avalon Trust | 0 | 0 | 225 |
| FISERV INC | COM | 337738108 |  | 58535 | 454 | SH |  | SOLE | Avalon Trust | 0 | 0 | 454 |
| FORD MTR CO | COM | 345370860 |  | 1962 | 164 | SH |  | SOLE | Avalon Trust | 0 | 0 | 164 |
| FORTINET INC | COM | 34959E109 |  | 82819 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| FOX CORP | CL B COM | 35137L204 |  | 402 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 440 | 19 | SH |  | SOLE | Avalon Trust | 0 | 0 | 19 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 67184 | 1713 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1713 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 25029 | 150 | SH |  | SOLE | Avalon Trust | 0 | 0 | 150 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1239 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| GARTNER INC | COM | 366651107 |  | 1052 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| GE AEROSPACE | COM NEW | 369604301 |  | 202452 | 673 | SH |  | SOLE | Avalon Trust | 0 | 0 | 673 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 3230 | 43 | SH |  | SOLE | Avalon Trust | 0 | 0 | 43 |
| GE VERNOVA INC | COM | 36828A101 |  | 81167 | 132 | SH |  | SOLE | Avalon Trust | 0 | 0 | 132 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2387 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| GENERAL MLS INC | COM | 370334104 |  | 399024 | 7914 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7914 |
| GENERAL MTRS CO | COM | 37045V100 |  | 549 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| GENUINE PARTS CO | COM | 372460105 |  | 1525 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 139638 | 1258 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1258 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 111128 | 2250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2250 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 79590 | 1671 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1671 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1167450 | 1466 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1466 |
| GRAIL INC | COM | 384747101 |  | 237 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 20252 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 297139 | 3310 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3310 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 10501 | 24 | SH |  | SOLE | Avalon Trust | 0 | 0 | 24 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 |  | 5565143 | 181275 | SH |  | SOLE | Avalon Trust | 0 | 0 | 181275 |
| HALLIBURTON CO | COM | 406216101 |  | 591 | 24 | SH |  | SOLE | Avalon Trust | 0 | 0 | 24 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 934 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| HASBRO INC | COM | 418056107 |  | 456 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1279 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 65810 | 3650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3650 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 424651 | 8146 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8146 |
| HENRY SCHEIN INC | COM | 806407102 |  | 332 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| HERSHEY CO | COM | 427866108 |  | 562 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 37389 | 1175 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1175 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 2854 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| HOLOGIC INC | COM | 436440101 |  | 116353 | 1724 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1724 |
| HOME DEPOT INC | COM | 437076102 |  | 596845 | 1473 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1473 |
| HONEYWELL INTL INC | COM | 438516106 |  | 6105 | 29 | SH |  | SOLE | Avalon Trust | 0 | 0 | 29 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 562 | 33 | SH |  | SOLE | Avalon Trust | 0 | 0 | 33 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1374 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| HP INC | COM | 40434L105 |  | 981 | 36 | SH |  | SOLE | Avalon Trust | 0 | 0 | 36 |
| HUBBELL INC | COM | 443510607 |  | 431 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| HUBSPOT INC | COM | 443573100 |  | 280680 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| HUMANA INC | COM | 444859102 |  | 781 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 403 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 315550 | 1096 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1096 |
| HYDROFARM HLDGS GROUP INC | COM | 44888K407 |  | 329 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| IDACORP INC | COM | 451107106 |  | 66075 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| IDEXX LABS INC | COM | 45168D104 |  | 95834 | 150 | SH |  | SOLE | Avalon Trust | 0 | 0 | 150 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 65190 | 250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 250 |
| ILLUMINA INC | COM | 452327109 |  | 2375 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| INSULET CORP | COM | 45784P101 |  | 309 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| INTEL CORP | COM | 458140100 |  | 3020 | 90 | SH |  | SOLE | Avalon Trust | 0 | 0 | 90 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 217003 | 1288 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1288 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 274824 | 974 | SH |  | SOLE | Avalon Trust | 0 | 0 | 974 |
| INTUIT | COM | 461202103 |  | 124973 | 183 | SH |  | SOLE | Avalon Trust | 0 | 0 | 183 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 361810 | 809 | SH |  | SOLE | Avalon Trust | 0 | 0 | 809 |
| INVENTRUST PPTYS CORP | COM NEW | 46124J201 |  | 42930 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| INVESCO EXCH TRADED FD TR II | GLOBAL WATER | 46138E651 |  | 129351 | 2881 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2881 |
| INVESCO EXCH TRADED FD TR II | S GBL WATER | 46138E263 |  | 106519 | 1658 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1658 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 46635 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 94850 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 |  | 142418 | 1975 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1975 |
| INVESCO LTD | SHS | G491BT108 |  | 597 | 26 | SH |  | SOLE | Avalon Trust | 0 | 0 | 26 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 477295 | 795 | SH |  | SOLE | Avalon Trust | 0 | 0 | 795 |
| INVITATION HOMES INC | COM | 46187W107 |  | 52941 | 1805 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1805 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 114979 | 2450 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2450 |
| IRON MTN INC DEL | COM | 46284V101 |  | 122736 | 1204 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1204 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 24375 | 375 | SH |  | SOLE | Avalon Trust | 0 | 0 | 375 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 40963 | 1300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1300 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 272888 | 3750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3750 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 123255 | 2909 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2909 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 41344 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 89370 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 36735 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 228229 | 2614 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2614 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 353318 | 5414 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5414 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 131025 | 1103 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1103 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1364034 | 2038 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2038 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 97759 | 850 | SH |  | SOLE | Avalon Trust | 0 | 0 | 850 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 89793 | 870 | SH |  | SOLE | Avalon Trust | 0 | 0 | 870 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 54825 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 17215715 | 119247 | SH |  | SOLE | Avalon Trust | 0 | 0 | 119247 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 474460 | 1750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1750 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 165460 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 109190 | 1169 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1169 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 604139 | 6350 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6350 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 104162 | 285 | SH |  | SOLE | Avalon Trust | 0 | 0 | 285 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 22953 | 49 | SH |  | SOLE | Avalon Trust | 0 | 0 | 49 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 113658 | 558 | SH |  | SOLE | Avalon Trust | 0 | 0 | 558 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 83802 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 96550 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 193568 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 15282 | 108 | SH |  | SOLE | Avalon Trust | 0 | 0 | 108 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 283242 | 2547 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2547 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 40067 | 580 | SH |  | SOLE | Avalon Trust | 0 | 0 | 580 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 100935 | 1680 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1680 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 486908 | 2486 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2486 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 207923 | 4097 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4097 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 458763 | 2192 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2192 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 50594 | 580 | SH |  | SOLE | Avalon Trust | 0 | 0 | 580 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 |  | 38875 | 690 | SH |  | SOLE | Avalon Trust | 0 | 0 | 690 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 76534 | 1154 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1154 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 45680 | 800 | SH |  | SOLE | Avalon Trust | 0 | 0 | 800 |
| J P MORGAN EXCHANGE TRADED F | INFLATION MANAGE | 46654Q104 |  | 115423 | 2366 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2366 |
| J P MORGAN EXCHANGE TRADED F | MORTGAGE BACKED | 46654Q575 |  | 66132668 | 1296719 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1296719 |
| JABIL INC | COM | 466313103 |  | 127262 | 586 | SH |  | SOLE | Avalon Trust | 0 | 0 | 586 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 450 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7579539 | 40878 | SH |  | SOLE | Avalon Trust | 0 | 0 | 40878 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 550 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1441749 | 4571 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4571 |
| JPMORGAN CHASE FINL CO LLC | CAL LKD 44 | 48133Q309 |  | 145977 | 4945 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4945 |
| KELLANOVA | COM | 487836108 |  | 493 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| KENVUE INC | COM | 49177J102 |  | 747 | 46 | SH |  | SOLE | Avalon Trust | 0 | 0 | 46 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 124019 | 709 | SH |  | SOLE | Avalon Trust | 0 | 0 | 709 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 56575 | 455 | SH |  | SOLE | Avalon Trust | 0 | 0 | 455 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 680 | 24 | SH |  | SOLE | Avalon Trust | 0 | 0 | 24 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 85052 | 200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 200 |
| KKR  CO INC | COM | 48251W104 |  | 1547575 | 11909 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11909 |
| KLA CORP | COM NEW | 482480100 |  | 4315 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 357548 | 26485 | SH |  | SOLE | Avalon Trust | 0 | 0 | 26485 |
| KRAFT HEINZ CO | COM | 500754106 |  | 11718 | 450 | SH |  | SOLE | Avalon Trust | 0 | 0 | 450 |
| KROGER CO | COM | 501044101 |  | 28987 | 430 | SH |  | SOLE | Avalon Trust | 0 | 0 | 430 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 3754 | 125 | SH |  | SOLE | Avalon Trust | 0 | 0 | 125 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 288 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| LAKELAND INDS INC | COM | 511795106 |  | 22200 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 54899 | 410 | SH |  | SOLE | Avalon Trust | 0 | 0 | 410 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 407 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 882 | 10 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 378 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| LENNAR CORP | CL A | 526057104 |  | 836024 | 6633 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6633 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 9297 | 89 | SH |  | SOLE | Avalon Trust | 0 | 0 | 89 |
| LINDE PLC | SHS | G54950103 |  | 18869850 | 39726 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39726 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 7728 | 1120 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1120 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 163400 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| LKQ CORP | COM | 501889208 |  | 198510 | 6500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6500 |
| LOEWS CORP | COM | 540424108 |  | 402 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| LOWES COS INC | COM | 548661107 |  | 30726418 | 122265 | SH |  | SOLE | Avalon Trust | 0 | 0 | 122265 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 26690 | 150 | SH |  | SOLE | Avalon Trust | 0 | 0 | 150 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 540 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| MARKEL GROUP INC | COM | 570535104 |  | 812328 | 425 | SH |  | SOLE | Avalon Trust | 0 | 0 | 425 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 591693 | 2936 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2936 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 54646 | 650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 650 |
| MASCO CORP | COM | 574599106 |  | 634 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3329245 | 5853 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5853 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 424 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 268 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| MCDONALDS CORP | COM | 580135101 |  | 248886 | 819 | SH |  | SOLE | Avalon Trust | 0 | 0 | 819 |
| MCKESSON CORP | COM | 58155Q103 |  | 16224 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 20953 | 220 | SH |  | SOLE | Avalon Trust | 0 | 0 | 220 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 11685 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| MERCK  CO INC | COM | 58933Y105 |  | 1535919 | 18300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18300 |
| META PLATFORMS INC | CL A | 30303M102 |  | 370128 | 504 | SH |  | SOLE | Avalon Trust | 0 | 0 | 504 |
| METLIFE INC | COM | 59156R108 |  | 164740 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 |  | 112230 | 1500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1500 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 176776 | 144 | SH |  | SOLE | Avalon Trust | 0 | 0 | 144 |
| MGE ENERGY INC | COM | 55277P104 |  | 50508 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 4496 | 70 | SH |  | SOLE | Avalon Trust | 0 | 0 | 70 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4183 | 25 | SH |  | SOLE | Avalon Trust | 0 | 0 | 25 |
| MICROSOFT CORP | COM | 594918104 |  | 119237270 | 230210 | SH |  | SOLE | Avalon Trust | 0 | 0 | 230210 |
| MODERNA INC | COM | 60770K107 |  | 8111 | 314 | SH |  | SOLE | Avalon Trust | 0 | 0 | 314 |
| MOHAWK INDS INC | COM | 608190104 |  | 516 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 383 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 13295053 | 212823 | SH |  | SOLE | Avalon Trust | 0 | 0 | 212823 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 116922 | 127 | SH |  | SOLE | Avalon Trust | 0 | 0 | 127 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 2087 | 31 | SH |  | SOLE | Avalon Trust | 0 | 0 | 31 |
| MONTROSE ENVIRONMENTAL GROUP | COM | 615111101 |  | 4560063 | 166062 | SH |  | SOLE | Avalon Trust | 0 | 0 | 166062 |
| MOODYS CORP | COM | 615369105 |  | 14771 | 31 | SH |  | SOLE | Avalon Trust | 0 | 0 | 31 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1285828 | 8089 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8089 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 77740 | 170 | SH |  | SOLE | Avalon Trust | 0 | 0 | 170 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 69281 | 1387 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1387 |
| NASDAQ INC | COM | 631103108 |  | 97295 | 1100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1100 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 18531 | 255 | SH |  | SOLE | Avalon Trust | 0 | 0 | 255 |
| NETFLIX INC | COM | 64110L106 |  | 224199 | 187 | SH |  | SOLE | Avalon Trust | 0 | 0 | 187 |
| NEWMONT CORP | COM | 651639106 |  | 1518 | 18 | SH |  | SOLE | Avalon Trust | 0 | 0 | 18 |
| NEWS CORP NEW | CL A | 65249B109 |  | 400 | 13 | SH |  | SOLE | Avalon Trust | 0 | 0 | 13 |
| NEWS CORP NEW | CL B | 65249B208 |  | 381 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 664916 | 8808 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8808 |
| NIKE INC | CL B | 654106103 |  | 28799 | 413 | SH |  | SOLE | Avalon Trust | 0 | 0 | 413 |
| NISOURCE INC | COM | 65473P105 |  | 173200 | 4000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4000 |
| NNN REIT INC | COM | 637417106 |  | 34823 | 818 | SH |  | SOLE | Avalon Trust | 0 | 0 | 818 |
| NORDSON CORP | COM | 655663102 |  | 454 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 197149 | 656 | SH |  | SOLE | Avalon Trust | 0 | 0 | 656 |
| NORTHERN LTS FD TR IV | FM FOCUS EQUITY | 66538H211 |  | 91520 | 2600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2600 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 4759399 | 7811 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7811 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 203902 | 1590 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1590 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 131623 | 2372 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2372 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1296 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| NUCOR CORP | COM | 670346105 |  | 204229 | 1508 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1508 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 24486 | 2650 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2650 |
| NUVECTIS PHARMA INC | COM | 67080T108 |  | 60200 | 10000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10000 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 8369506 | 84849 | SH |  | SOLE | Avalon Trust | 0 | 0 | 84849 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 134589110 | 721348 | SH |  | SOLE | Avalon Trust | 0 | 0 | 721348 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 11387 | 50 | SH |  | SOLE | Avalon Trust | 0 | 0 | 50 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 94500 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| OLB GROUP INC | COM | 67086U406 |  | 0 | 36050 | SH |  | SOLE | Avalon Trust | 0 | 0 | 36050 |
| OLB GROUP INC | COM | 67086U406 |  | 42179 | 36050 | SH |  | SOLE | Avalon Trust | 0 | 0 | 36050 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1127 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1924 | 39 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39 |
| ONE GAS INC | COM | 68235P108 |  | 33 | 0 | SH |  | SOLE | Avalon Trust | 0 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 270208 | 3703 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3703 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 18331 | 2300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2300 |
| OPTIMIZERX CORP | COM NEW | 68401U204 |  | 41000 | 2000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2000 |
| ORACLE CORP | COM | 68389X105 |  | 1914120 | 6806 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6806 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 208289 | 1932 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1932 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 87703 | 4633 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4633 |
| OWENS CORNING NEW | COM | 690742101 |  | 565840 | 4000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4000 |
| PACCAR INC | COM | 693718108 |  | 152396 | 1550 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1550 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 63481 | 1450 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1450 |
| PACKAGING CORP AMER | COM | 695156109 |  | 65815 | 302 | SH |  | SOLE | Avalon Trust | 0 | 0 | 302 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 6020 | 33 | SH |  | SOLE | Avalon Trust | 0 | 0 | 33 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 13841070 | 67975 | SH |  | SOLE | Avalon Trust | 0 | 0 | 67975 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 5308 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| PARNASSUS INCOME FDS | CORE SELECT ETF | 701769507 |  | 31413 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |
| PAYCHEX INC | COM | 704326107 |  | 1015 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 42045 | 202 | SH |  | SOLE | Avalon Trust | 0 | 0 | 202 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 100926 | 1505 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1505 |
| PEPSICO INC | COM | 713448108 |  | 448145 | 3191 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3191 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 6763 | 65 | SH |  | SOLE | Avalon Trust | 0 | 0 | 65 |
| PERRIGO CO PLC | SHS | G97822103 |  | 2227 | 100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 100 |
| PFIZER INC | COM | 717081103 |  | 26704 | 1048 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1048 |
| PG CORP | COM | 69331C108 |  | 483 | 32 | SH |  | SOLE | Avalon Trust | 0 | 0 | 32 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3244 | 20 | SH |  | SOLE | Avalon Trust | 0 | 0 | 20 |
| PHILLIPS 66 | COM | 718546104 |  | 1089 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 28704 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 165242 | 1641 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1641 |
| PINTEREST INC | CL A | 72352L106 |  | 1609 | 50 | SH |  | SOLE | Avalon Trust | 0 | 0 | 50 |
| PIPER SANDLER COMPANIES | COM | 724078100 |  | 130122 | 375 | SH |  | SOLE | Avalon Trust | 0 | 0 | 375 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 24961333 | 124229 | SH |  | SOLE | Avalon Trust | 0 | 0 | 124229 |
| PPL CORP | COM | 69351T106 |  | 818 | 22 | SH |  | SOLE | Avalon Trust | 0 | 0 | 22 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 78460 | 400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 400 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 498 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1147920 | 7471 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7471 |
| PROGRESSIVE CORP | COM | 743315103 |  | 29097378 | 117827 | SH |  | SOLE | Avalon Trust | 0 | 0 | 117827 |
| PROLOGIS INC. | COM | 74340W103 |  | 382154 | 3337 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3337 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 17844 | 172 | SH |  | SOLE | Avalon Trust | 0 | 0 | 172 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 58059 | 201 | SH |  | SOLE | Avalon Trust | 0 | 0 | 201 |
| PULTE GROUP INC | COM | 745867101 |  | 1718 | 13 | SH |  | SOLE | Avalon Trust | 0 | 0 | 13 |
| QUALCOMM INC | COM | 747525103 |  | 82515 | 496 | SH |  | SOLE | Avalon Trust | 0 | 0 | 496 |
| QUANTA SVCS INC | COM | 74762E102 |  | 39050797 | 94230 | SH |  | SOLE | Avalon Trust | 0 | 0 | 94230 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 572 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 47960 | 1445 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1445 |
| RAMACO RES INC | COM CL B | 75134P501 |  | 6106 | 362 | SH |  | SOLE | Avalon Trust | 0 | 0 | 362 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 2762 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| REALTY INCOME CORP | COM | 756109104 |  | 973 | 16 | SH |  | SOLE | Avalon Trust | 0 | 0 | 16 |
| REGENCY CTRS CORP | COM | 758849103 |  | 218700 | 3000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3000 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 563 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 57639 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 81236 | 354 | SH |  | SOLE | Avalon Trust | 0 | 0 | 354 |
| RESMED INC | COM | 761152107 |  | 25081880 | 91630 | SH |  | SOLE | Avalon Trust | 0 | 0 | 91630 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 67421 | 1640 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1640 |
| RISKIFIED LTD | SHS CL A | M8216R109 |  | 5677 | 1213 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1213 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 2349 | 160 | SH |  | SOLE | Avalon Trust | 0 | 0 | 160 |
| ROBLOX CORP | CL A | 771049103 |  | 62334 | 450 | SH |  | SOLE | Avalon Trust | 0 | 0 | 450 |
| ROLLINS INC | COM | 775711104 |  | 353 | 6 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 119686 | 240 | SH |  | SOLE | Avalon Trust | 0 | 0 | 240 |
| ROSS STORES INC | COM | 778296103 |  | 1067 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| ROYAL BK CDA | COM | 780087102 |  | 73660 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| RTX CORPORATION | COM | 75513E101 |  | 179044 | 1070 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1070 |
| S GLOBAL INC | COM | 78409V104 |  | 427332 | 878 | SH |  | SOLE | Avalon Trust | 0 | 0 | 878 |
| SALESFORCE INC | COM | 79466L302 |  | 637530 | 2690 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2690 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 57619 | 298 | SH |  | SOLE | Avalon Trust | 0 | 0 | 298 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1513 | 44 | SH |  | SOLE | Avalon Trust | 0 | 0 | 44 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 672109 | 7040 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7040 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 93366 | 3420 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3420 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 51056 | 1600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1600 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 2833 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 95525 | 807 | SH |  | SOLE | Avalon Trust | 0 | 0 | 807 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 60305 | 675 | SH |  | SOLE | Avalon Trust | 0 | 0 | 675 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 376013 | 6980 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6980 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 102409 | 664 | SH |  | SOLE | Avalon Trust | 0 | 0 | 664 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 31851 | 756 | SH |  | SOLE | Avalon Trust | 0 | 0 | 756 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 163195 | 681 | SH |  | SOLE | Avalon Trust | 0 | 0 | 681 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 73355 | 936 | SH |  | SOLE | Avalon Trust | 0 | 0 | 936 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2376050 | 17073 | SH |  | SOLE | Avalon Trust | 0 | 0 | 17073 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 163432 | 1874 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1874 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 18910 | 211 | SH |  | SOLE | Avalon Trust | 0 | 0 | 211 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1011369 | 3588 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3588 |
| SEMPRA | COM | 816851109 |  | 810 | 9 | SH |  | SOLE | Avalon Trust | 0 | 0 | 9 |
| SERVICE CORP INTL | COM | 817565104 |  | 83220 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| SERVICENOW INC | COM | 81762P102 |  | 20607831 | 22393 | SH |  | SOLE | Avalon Trust | 0 | 0 | 22393 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 59211 | 171 | SH |  | SOLE | Avalon Trust | 0 | 0 | 171 |
| SILA REALTY TRUST INC | COMMON STOCK | 146280508 |  | 44252 | 1763 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1763 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1314 | 7 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 39786 | 1057 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1057 |
| SMITH A O CORP | COM | 831865209 |  | 368 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 325800 | 3000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3000 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 1665 | 45 | SH |  | SOLE | Avalon Trust | 0 | 0 | 45 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 54750 | 750 | SH |  | SOLE | Avalon Trust | 0 | 0 | 750 |
| SOUTHERN CO | COM | 842587107 |  | 1138 | 12 | SH |  | SOLE | Avalon Trust | 0 | 0 | 12 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 830 | 26 | SH |  | SOLE | Avalon Trust | 0 | 0 | 26 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3943229 | 11093 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11093 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4838303 | 7263 | SH |  | SOLE | Avalon Trust | 0 | 0 | 7263 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 596030 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 528660 | 2250 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2250 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 70534 | 704 | SH |  | SOLE | Avalon Trust | 0 | 0 | 704 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 14658 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 60493 | 556 | SH |  | SOLE | Avalon Trust | 0 | 0 | 556 |
| STAG INDL INC | COM | 85254J102 |  | 7058 | 200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 200 |
| STARBUCKS CORP | COM | 855244109 |  | 115818 | 1369 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1369 |
| STARZ ENTERTAINMENT CORP. | COM | 855919106 |  | 1091 | 74 | SH |  | SOLE | Avalon Trust | 0 | 0 | 74 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 51311 | 368 | SH |  | SOLE | Avalon Trust | 0 | 0 | 368 |
| STERIS PLC | SHS USD | G8473T100 |  | 495 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| STRATEGY INC | CL A NEW | 594972408 |  | 27388 | 85 | SH |  | SOLE | Avalon Trust | 0 | 0 | 85 |
| STRIDE INC | COM | 86333M108 |  | 12214 | 82 | SH |  | SOLE | Avalon Trust | 0 | 0 | 82 |
| STRYKER CORPORATION | COM | 863667101 |  | 113489 | 307 | SH |  | SOLE | Avalon Trust | 0 | 0 | 307 |
| SUN CMNTYS INC | COM | 866674104 |  | 65403 | 507 | SH |  | SOLE | Avalon Trust | 0 | 0 | 507 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 54939 | 1314 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1314 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 25005 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 528 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| SYNOPSYS INC | COM | 871607107 |  | 2467 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| SYSCO CORP | COM | 871829107 |  | 412 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 343806 | 1231 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1231 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 776 | 3 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3 |
| TARGET CORP | COM | 87612E106 |  | 76156 | 849 | SH |  | SOLE | Avalon Trust | 0 | 0 | 849 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 52222 | 238 | SH |  | SOLE | Avalon Trust | 0 | 0 | 238 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 17006 | 2200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2200 |
| TESLA INC | COM | 88160R101 |  | 1273755 | 2864 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2864 |
| TEXAS INSTRS INC | COM | 882508104 |  | 168113 | 915 | SH |  | SOLE | Avalon Trust | 0 | 0 | 915 |
| THE CIGNA GROUP | COM | 125523100 |  | 150179 | 521 | SH |  | SOLE | Avalon Trust | 0 | 0 | 521 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 196433 | 4008 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4008 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 17069309 | 35193 | SH |  | SOLE | Avalon Trust | 0 | 0 | 35193 |
| TJX COS INC NEW | COM | 872540109 |  | 14763794 | 102143 | SH |  | SOLE | Avalon Trust | 0 | 0 | 102143 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 404 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| T-MOBILE US INC | COM | 872590104 |  | 1916 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| TOAST INC | CL A | 888787108 |  | 36510 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 799500 | 10000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 10000 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 2696747 | 6391 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6391 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 1319 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2381189 | 8528 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8528 |
| TRIMBLE INC | COM | 896239100 |  | 189184 | 2317 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2317 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 402657 | 8807 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8807 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 10256552 | 19605 | SH |  | SOLE | Avalon Trust | 0 | 0 | 19605 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2940 | 30 | SH |  | SOLE | Avalon Trust | 0 | 0 | 30 |
| UDR INC | COM | 902653104 |  | 299 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1509577 | 2761 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2761 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 35568 | 600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 600 |
| UNION PAC CORP | COM | 907818108 |  | 444140 | 1879 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1879 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 11152 | 134 | SH |  | SOLE | Avalon Trust | 0 | 0 | 134 |
| UNITED RENTALS INC | COM | 911363109 |  | 487832 | 511 | SH |  | SOLE | Avalon Trust | 0 | 0 | 511 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 95278 | 276 | SH |  | SOLE | Avalon Trust | 0 | 0 | 276 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 144 | 1 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1 |
| US BANCORP DEL | COM NEW | 902973304 |  | 50602 | 1047 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1047 |
| US FOODS HLDG CORP | COM | 912008109 |  | 10855139 | 141675 | SH |  | SOLE | Avalon Trust | 0 | 0 | 141675 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 247954 | 1456 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1456 |
| VALMONT INDS INC | COM | 920253101 |  | 15396759 | 39710 | SH |  | SOLE | Avalon Trust | 0 | 0 | 39710 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 76400 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| VANECK ETF TRUST | INTRMDT MUNI ETF | 92189H201 |  | 51260 | 1100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1100 |
| VANECK ETF TRUST | PHARMACEUTCL ETF | 92189F692 |  | 24885144 | 275400 | SH |  | SOLE | Avalon Trust | 0 | 0 | 275400 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 270879 | 830 | SH |  | SOLE | Avalon Trust | 0 | 0 | 830 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 49995 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 942030 | 4500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4500 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 10871 | 37 | SH |  | SOLE | Avalon Trust | 0 | 0 | 37 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3232 | 11 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 351967 | 3850 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3850 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 180653 | 295 | SH |  | SOLE | Avalon Trust | 0 | 0 | 295 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 279708 | 1100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1100 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3715541 | 11322 | SH |  | SOLE | Avalon Trust | 0 | 0 | 11322 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 211116 | 1132 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1132 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 70212 | 1296 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1296 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 49770 | 994 | SH |  | SOLE | Avalon Trust | 0 | 0 | 994 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 21131 | 352 | SH |  | SOLE | Avalon Trust | 0 | 0 | 352 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 57968 | 985 | SH |  | SOLE | Avalon Trust | 0 | 0 | 985 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 331342 | 1535 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1535 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 3011860 | 41000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 41000 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 203940 | 1447 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1447 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 379371 | 1775 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1775 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 80 | 0 | SH |  | SOLE | Avalon Trust | 0 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 159033 | 213 | SH |  | SOLE | Avalon Trust | 0 | 0 | 213 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 445452 | 3234 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3234 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 985929 | 2450 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2450 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 275971 | 1457 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1457 |
| VENTAS INC | COM | 92276F100 |  | 126612 | 1809 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1809 |
| VERALTO CORP | COM SHS | 92338C103 |  | 14574867 | 136712 | SH |  | SOLE | Avalon Trust | 0 | 0 | 136712 |
| VERISIGN INC | COM | 92343E102 |  | 560 | 2 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 652166 | 2593 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2593 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 297277 | 6764 | SH |  | SOLE | Avalon Trust | 0 | 0 | 6764 |
| VIATRIS INC | COM | 92556V106 |  | 931 | 94 | SH |  | SOLE | Avalon Trust | 0 | 0 | 94 |
| VICI PPTYS INC | COM | 925652109 |  | 35448 | 1087 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1087 |
| VISA INC | COM CL A | 92826C839 |  | 57798084 | 169307 | SH |  | SOLE | Avalon Trust | 0 | 0 | 169307 |
| VISTRA CORP | COM | 92840M102 |  | 784 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| VULCAN MATLS CO | COM | 929160109 |  | 27994 | 91 | SH |  | SOLE | Avalon Trust | 0 | 0 | 91 |
| WALMART INC | COM | 931142103 |  | 482424 | 4681 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4681 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 14062 | 720 | SH |  | SOLE | Avalon Trust | 0 | 0 | 720 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 111740 | 506 | SH |  | SOLE | Avalon Trust | 0 | 0 | 506 |
| WATERS CORP | COM | 941848103 |  | 433226 | 1445 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1445 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 114476 | 999 | SH |  | SOLE | Avalon Trust | 0 | 0 | 999 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 255232 | 3045 | SH |  | SOLE | Avalon Trust | 0 | 0 | 3045 |
| WELLTOWER INC | COM | 95040Q104 |  | 74819 | 420 | SH |  | SOLE | Avalon Trust | 0 | 0 | 420 |
| WESTERN UN CO | COM | 959802109 |  | 68714 | 8600 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8600 |
| WESTPORT FUEL SYSTEMS INC | COM | 960908507 |  | 30 | 13 | SH |  | SOLE | Avalon Trust | 0 | 0 | 13 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 521 | 21 | SH |  | SOLE | Avalon Trust | 0 | 0 | 21 |
| WHITESTONE REIT | COM | 966084204 |  | 25788 | 2100 | SH |  | SOLE | Avalon Trust | 0 | 0 | 2100 |
| WILLIAMS COS INC | COM | 969457100 |  | 18879 | 298 | SH |  | SOLE | Avalon Trust | 0 | 0 | 298 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 1564 | 8 | SH |  | SOLE | Avalon Trust | 0 | 0 | 8 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 17273 | 50 | SH |  | SOLE | Avalon Trust | 0 | 0 | 50 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 50400 | 1000 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1000 |
| WORKDAY INC | CL A | 98138H101 |  | 253008 | 1051 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1051 |
| WYNN RESORTS LTD | COM | 983134107 |  | 642 | 5 | SH |  | SOLE | Avalon Trust | 0 | 0 | 5 |
| XCEL ENERGY INC | COM | 98389B100 |  | 145816 | 1808 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1808 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 5085 | 500 | SH |  | SOLE | Avalon Trust | 0 | 0 | 500 |
| XYLEM INC | COM | 98419M100 |  | 44250 | 300 | SH |  | SOLE | Avalon Trust | 0 | 0 | 300 |
| YUM BRANDS INC | COM | 988498101 |  | 608 | 4 | SH |  | SOLE | Avalon Trust | 0 | 0 | 4 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 4728 | 48 | SH |  | SOLE | Avalon Trust | 0 | 0 | 48 |
| ZOETIS INC | CL A | 98978V103 |  | 223285 | 1526 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1526 |
| ZSCALER INC | COM | 98980G102 |  | 359592 | 1200 | SH |  | SOLE | Avalon Trust | 0 | 0 | 1200 |

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