# EDGAR Filing Document

**Accession Number:** 0001750557
**File Stem:** 0002085853-26-000567
**Filing Date:** 2026-5
**Character Count:** 17531
**Document Hash:** 7aeb5a994e9e9cf9e74eb333d083a1a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000567.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0002085853-26-000567

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**EFFECTIVENESS DATE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vectors Research Management, LLC
- **CENTRAL INDEX KEY:** 0001750557

**ORGANIZATION NAME:**
- **EIN:** 043809539
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18947
- **FILM NUMBER:** 26944692

**BUSINESS ADDRESS:**
- **STREET 1:** 65 BLEECKER STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10012
- **BUSINESS PHONE:** 212-431-0856

**MAIL ADDRESS:**
- **STREET 1:** 65 BLEECKER STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10012

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Vectors Research Management LLC<br>**Address:** 65 Bleecker Street<br>5th Floor<br>New York, NY 10012

**Form 13F File Number:** 028-18947

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:** Patrick Leahman<br>**Title:** Analyst<br>**Phone:** 212-431-0857

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

/s/ Patrick Leahman  Glenn Allen, VA  05-05-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 142

**Form 13F Information Table Value Total:** $342358838

      (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 LABORATORIES | COM | 002824100 |  | 1708776 | 16643 | SH |  | SOLE |  | 16643 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 327322 | 1505 | SH |  | SOLE |  | 1505 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3526866 | 17337 | SH |  | SOLE |  | 17337 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 566574 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4902948 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 672900 | 10197 | SH |  | SOLE |  | 10197 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 403836 | 1939 | SH |  | SOLE |  | 1939 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2843865 | 21696 | SH |  | SOLE |  | 21696 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1598002 | 5283 | SH |  | SOLE |  | 5283 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1102112 | 2480 | SH |  | SOLE |  | 2480 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 10807801 | 42586 | SH |  | SOLE |  | 42586 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 234280 | 3223 | SH |  | SOLE |  | 3223 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2612108 | 53582 | SH |  | SOLE |  | 53582 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1550969 | 13074 | SH |  | SOLE |  | 13074 | 0 | 0 |
| BLACKROCK INCOME TR INC | COM NEW | 09247F209 |  | 387167 | 36629 | SH |  | SOLE |  | 36629 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 957251 | 15255 | SH |  | SOLE |  | 15255 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 788450 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 2707063 | 8746 | SH |  | SOLE |  | 8746 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2187210 | 11989 | SH |  | SOLE |  | 11989 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 452203 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 4370669 | 6169 | SH |  | SOLE |  | 6169 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 4108651 | 14479 | SH |  | SOLE |  | 14479 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 1605903 | 7762 | SH |  | SOLE |  | 7762 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3606752 | 46485 | SH |  | SOLE |  | 46485 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 1847941 | 47033 | SH |  | SOLE |  | 47033 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1144958 | 39880 | SH |  | SOLE |  | 39880 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 335016 | 2538 | SH |  | SOLE |  | 2538 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 634300 | 4665 | SH |  | SOLE |  | 4665 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 630134 | 7528 | SH |  | SOLE |  | 7528 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 262061 | 263 | SH |  | SOLE |  | 263 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1351464 | 3462 | SH |  | SOLE |  | 3462 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 367862 | 5122 | SH |  | SOLE |  | 5122 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 2403733 | 14645 | SH |  | SOLE |  | 14645 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2074614 | 11512 | SH |  | SOLE |  | 11512 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 2010149 | 32516 | SH |  | SOLE |  | 32516 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2744376 | 20959 | SH |  | SOLE |  | 20959 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 219540 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 3924396 | 4267 | SH |  | SOLE |  | 4267 | 0 | 0 |
| EMPIRE ST RLTY OP L P | UNIT LTD PRTNSP | 292102100 |  | 364251 | 72272 | SH |  | SOLE |  | 72272 | 0 | 0 |
| EMPIRE ST RLTY OP L P | UNIT LTD PRT 60 | 292102209 |  | 121904 | 23269 | SH |  | SOLE |  | 23269 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 2519330 | 2570 | SH |  | SOLE |  | 2570 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4778628 | 28166 | SH |  | SOLE |  | 28166 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 217616 | 4690 | SH |  | SOLE |  | 4690 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 3370976 | 17089 | SH |  | SOLE |  | 17089 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 284362 | 1002 | SH |  | SOLE |  | 1002 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 3051658 | 3496 | SH |  | SOLE |  | 3496 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2697348 | 7859 | SH |  | SOLE |  | 7859 | 0 | 0 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 428944 | 9191 | SH |  | SOLE |  | 9191 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 286706 | 5920 | SH |  | SOLE |  | 5920 | 0 | 0 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 594985 | 8399 | SH |  | SOLE |  | 8399 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 3385297 | 45784 | SH |  | SOLE |  | 45784 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 2195653 | 43213 | SH |  | SOLE |  | 43213 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 913669 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 214290 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2173768 | 6609 | SH |  | SOLE |  | 6609 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 510127 | 11560 | SH |  | SOLE |  | 11560 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 5117155 | 21111 | SH |  | SOLE |  | 21111 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | VAR RATE INVT | 46090A879 |  | 8634580 | 344900 | SH |  | SOLE |  | 344900 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 413985 | 18015 | SH |  | SOLE |  | 18015 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 |  | 665227 | 27741 | SH |  | SOLE |  | 27741 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 324219 | 4312 | SH |  | SOLE |  | 4312 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 24615168 | 128257 | SH |  | SOLE |  | 128257 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2509049 | 24565 | SH |  | SOLE |  | 24565 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 16659185 | 140465 | SH |  | SOLE |  | 140465 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 601699 | 6304 | SH |  | SOLE |  | 6304 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 455941 | 698 | SH |  | SOLE |  | 698 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 8119904 | 65320 | SH |  | SOLE |  | 65320 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 717541 | 13450 | SH |  | SOLE |  | 13450 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 988481 | 9820 | SH |  | SOLE |  | 9820 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 236172 | 2429 | SH |  | SOLE |  | 2429 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 10822656 | 160264 | SH |  | SOLE |  | 160264 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 941338 | 3851 | SH |  | SOLE |  | 3851 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 4385552 | 14909 | SH |  | SOLE |  | 14909 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 4340119 | 129440 | SH |  | SOLE |  | 129440 | 0 | 0 |
| KORE GROUP HLDGS INC | COM NEW | 50066V305 |  | 184279 | 20430 | SH |  | SOLE |  | 20430 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2482131 | 34303 | SH |  | SOLE |  | 34303 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1907852 | 3157 | SH |  | SOLE |  | 3157 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1525511 | 6456 | SH |  | SOLE |  | 6456 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1428453 | 5850 | SH |  | SOLE |  | 5850 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 216526 | 1248 | SH |  | SOLE |  | 1248 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 355292 | 711 | SH |  | SOLE |  | 711 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 652697 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2018165 | 23291 | SH |  | SOLE |  | 23291 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 335850 | 2792 | SH |  | SOLE |  | 2792 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 293669 | 513 | SH |  | SOLE |  | 513 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9524889 | 25731 | SH |  | SOLE |  | 25731 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 227256 | 4709 | SH |  | SOLE |  | 4709 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 358640 | 3730 | SH |  | SOLE |  | 3730 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2199792 | 23684 | SH |  | SOLE |  | 23684 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1831494 | 2685 | SH |  | SOLE |  | 2685 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 295080 | 1745 | SH |  | SOLE |  | 1745 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 169028 | 15593 | SH |  | SOLE |  | 15593 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3774344 | 21642 | SH |  | SOLE |  | 21642 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 1059436 | 13460 | SH |  | SOLE |  | 13460 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 5180186 | 35213 | SH |  | SOLE |  | 35213 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 242948 | 8652 | SH |  | SOLE |  | 8652 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 543807 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| PUTNAM ETF TRUST | FRANKLIN NY MUNI | 746729763 |  | 94463 | 12111 | SH |  | SOLE |  | 12111 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 654019 | 25039 | SH |  | SOLE |  | 25039 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1640110 | 17581 | SH |  | SOLE |  | 17581 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 2115378 | 5894 | SH |  | SOLE |  | 5894 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 637145 | 1801 | SH |  | SOLE |  | 1801 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1299780 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 7341435 | 38058 | SH |  | SOLE |  | 38058 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 3785006 | 18490 | SH |  | SOLE |  | 18490 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1616749 | 8661 | SH |  | SOLE |  | 8661 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 349414 | 11995 | SH |  | SOLE |  | 11995 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 5271492 | 114872 | SH |  | SOLE |  | 114872 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 563654 | 11280 | SH |  | SOLE |  | 11280 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 1441031 | 17578 | SH |  | SOLE |  | 17578 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 714588 | 5377 | SH |  | SOLE |  | 5377 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 3272628 | 20235 | SH |  | SOLE |  | 20235 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 2702115 | 27995 | SH |  | SOLE |  | 27995 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 684257 | 11490 | SH |  | SOLE |  | 11490 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 3819723 | 49905 | SH |  | SOLE |  | 49905 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 226722 | 3480 | SH |  | SOLE |  | 3480 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 382400 | 588 | SH |  | SOLE |  | 588 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1156805 | 3521 | SH |  | SOLE |  | 3521 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 736896 | 6080 | SH |  | SOLE |  | 6080 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 4088878 | 10999 | SH |  | SOLE |  | 10999 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1219976 | 6284 | SH |  | SOLE |  | 6284 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2066973 | 4205 | SH |  | SOLE |  | 4205 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 3569455 | 22351 | SH |  | SOLE |  | 22351 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1195888 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 |  | 211988 | 5118 | SH |  | SOLE |  | 5118 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 767393 | 2836 | SH |  | SOLE |  | 2836 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 173765 | 11481 | SH |  | SOLE |  | 11481 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 7678153 | 104266 | SH |  | SOLE |  | 104266 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 912760 | 11641 | SH |  | SOLE |  | 11641 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4806146 | 8043 | SH |  | SOLE |  | 8043 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 582729 | 1816 | SH |  | SOLE |  | 1816 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 5061167 | 61400 | SH |  | SOLE |  | 61400 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 15205176 | 323859 | SH |  | SOLE |  | 323859 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 8811857 | 137513 | SH |  | SOLE |  | 137513 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 555677 | 35259 | SH |  | SOLE |  | 35259 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 5811819 | 46764 | SH |  | SOLE |  | 46764 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 248030 | 1079 | SH |  | SOLE |  | 1079 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 1310957 | 16467 | SH |  | SOLE |  | 16467 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 279980 | 1416 | SH |  | SOLE |  | 1416 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 4849846 | 66637 | SH |  | SOLE |  | 66637 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 2392843 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 606542 | 7545 | SH |  | SOLE |  | 7545 | 0 | 0 |

---