# EDGAR Filing Document

**Accession Number:** 0001919158
**File Stem:** 0001919158-26-000002
**Filing Date:** 2026-2
**Character Count:** 17914
**Document Hash:** 55c4785e999a2d4ddac393289595f2d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001919158-26-000002.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001919158-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Andina Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001919158

**ORGANIZATION NAME:**
- **EIN:** 270850638
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23596
- **FILM NUMBER:** 26623605

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 N 200 E #112
- **CITY:** LOGAN
- **STATE:** UT
- **ZIP:** 84341
- **BUSINESS PHONE:** 801-653-0564

**MAIL ADDRESS:**
- **STREET 1:** 1300 N 200 E #112
- **CITY:** LOGAN
- **STATE:** UT
- **ZIP:** 84341

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Andina Capital Management LLC<br>**Address:** 1300 N 200 E #112<br>Logan, UT 84341

**Form 13F File Number:** 028-23596

**CRD Number (if applicable):** 000151762

**SEC File Number (if applicable):** 801-80633

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:** Courtney Valdez<br>**Title:** Chief Compliance Officer<br>**Phone:** 801-653-0564

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

/s/ Courtney Valdez  Logan, UT  02-12-2026<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:** 143

**Form 13F Information Table Value Total:** $165409719

      (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 |
| 5E ADVANCED MATERIALS INC | COM NEW | 33830Q208 |  | 85916 | 28169 | SH |  | SOLE |  | 0 | 0 | 28169 |
| ABRDN ETFS | BBRG ALL COMMDY | 003261203 |  | 808242 | 26106 | SH |  | SOLE |  | 0 | 0 | 26106 |
| ADOBE INC | COM | 00724F101 |  | 235894 | 674 | SH |  | SOLE |  | 0 | 0 | 674 |
| AECOM | COM | 00766T100 |  | 403532 | 4233 | SH |  | SOLE |  | 0 | 0 | 4233 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 366643 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 453865 | 4636 | SH |  | SOLE |  | 0 | 0 | 4636 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 608832 | 1945 | SH |  | SOLE |  | 0 | 0 | 1945 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 724622 | 2309 | SH |  | SOLE |  | 0 | 0 | 2309 |
| AMAZON COM INC | COM | 023135106 |  | 600988 | 2604 | SH |  | SOLE |  | 0 | 0 | 2604 |
| ANGEL STUDIOS INC | CL A COM | 034948109 |  | 177549 | 38019 | SH |  | SOLE |  | 0 | 0 | 38019 |
| APPLE INC | COM | 037833100 |  | 1509003 | 5551 | SH |  | SOLE |  | 0 | 0 | 5551 |
| APPLIED MATLS INC | COM | 038222105 |  | 229493 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 550511 | 817 | SH |  | SOLE |  | 0 | 0 | 817 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 689871 | 3610 | SH |  | SOLE |  | 0 | 0 | 3610 |
| BANK AMERICA CORP | COM | 060505104 |  | 389915 | 7089 | SH |  | SOLE |  | 0 | 0 | 7089 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 417200 | 830 | SH |  | SOLE |  | 0 | 0 | 830 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 172928 | 16987 | SH |  | SOLE |  | 0 | 0 | 16987 |
| BROADCOM INC | COM | 11135F101 |  | 796030 | 2300 | SH |  | SOLE |  | 0 | 0 | 2300 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 620221 | 2471 | SH |  | SOLE |  | 0 | 0 | 2471 |
| CENTENE CORP DEL | COM | 15135B101 |  | 565813 | 13750 | SH |  | SOLE |  | 0 | 0 | 13750 |
| CINTAS CORP | COM | 172908105 |  | 457323 | 2432 | SH |  | SOLE |  | 0 | 0 | 2432 |
| COCA COLA CO | COM | 191216100 |  | 236838 | 3388 | SH |  | SOLE |  | 0 | 0 | 3388 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 3161654 | 44151 | SH |  | SOLE |  | 0 | 0 | 44151 |
| CROCS INC | COM | 227046109 |  | 422213 | 4937 | SH |  | SOLE |  | 0 | 0 | 4937 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 246556 | 4941 | SH |  | SOLE |  | 0 | 0 | 4941 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 457252 | 1097 | SH |  | SOLE |  | 0 | 0 | 1097 |
| DOMO INC | COM CL B | 257554105 |  | 84343 | 10005 | SH |  | SOLE |  | 0 | 0 | 10005 |
| EA SERIES TRUST | EA BRIDGEWAY OMN | 02072L532 |  | 294978 | 12660 | SH |  | SOLE |  | 0 | 0 | 12660 |
| EA SERIES TRUST | MARKETDESK FOCUS | 02072Q762 |  | 1874382 | 58324 | SH |  | SOLE |  | 0 | 0 | 58324 |
| EA SERIES TRUST | MARKETDESK FOCUS | 02072L417 |  | 3179128 | 117369 | SH |  | SOLE |  | 0 | 0 | 117369 |
| EATON CORP PLC | SHS | G29183103 |  | 446233 | 1401 | SH |  | SOLE |  | 0 | 0 | 1401 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 740084 | 3622 | SH |  | SOLE |  | 0 | 0 | 3622 |
| ELI LILLY  CO | COM | 532457108 |  | 284791 | 265 | SH |  | SOLE |  | 0 | 0 | 265 |
| EOG RES INC | COM | 26875P101 |  | 219996 | 2095 | SH |  | SOLE |  | 0 | 0 | 2095 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 269390 | 2239 | SH |  | SOLE |  | 0 | 0 | 2239 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 358807 | 1236 | SH |  | SOLE |  | 0 | 0 | 1236 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 288093 | 3152 | SH |  | SOLE |  | 0 | 0 | 3152 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST BITCOIN | 33733E724 |  | 2202655 | 123398 | SH |  | SOLE |  | 0 | 0 | 123398 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 877455 | 19125 | SH |  | SOLE |  | 0 | 0 | 19125 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740U703 |  | 416484 | 14748 | SH |  | SOLE |  | 0 | 0 | 14748 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 6150630 | 179528 | SH |  | SOLE |  | 0 | 0 | 179528 |
| FIRST TR EXCHNG TRADED FD VI | SMITH OPPORT FXD | 33740F805 |  | 1091148 | 24620 | SH |  | SOLE |  | 0 | 0 | 24620 |
| FRANKLIN TEMPLETON ETF TR | SENIOR LOAN ETF | 35473P595 |  | 3054975 | 130443 | SH |  | SOLE |  | 0 | 0 | 130443 |
| FRONTDOOR INC | COM | 35905A109 |  | 619476 | 10738 | SH |  | SOLE |  | 0 | 0 | 10738 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 117493 | 18650 | SH |  | SOLE |  | 0 | 0 | 18650 |
| FS KKR CAP CORP | COM | 302635206 |  | 5021832 | 339084 | SH |  | SOLE |  | 0 | 0 | 339084 |
| GARTNER INC | COM | 366651107 |  | 445779 | 1767 | SH |  | SOLE |  | 0 | 0 | 1767 |
| HEICO CORP NEW | COM | 422806109 |  | 604467 | 1868 | SH |  | SOLE |  | 0 | 0 | 1868 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 445870 | 5628 | SH |  | SOLE |  | 0 | 0 | 5628 |
| INNOVATOR ETFS TRUST | GROWTH ACCELRTD | 45782C128 |  | 988297 | 28905 | SH |  | SOLE |  | 0 | 0 | 28905 |
| INNOVATOR ETFS TRUST | LADERD ALCTN PWR | 45783Y814 |  | 2700817 | 54168 | SH |  | SOLE |  | 0 | 0 | 54168 |
| INNOVATOR ETFS TRUST | PREM INCM 20 BAR | 45783Y624 |  | 359703 | 14554 | SH |  | SOLE |  | 0 | 0 | 14554 |
| INNOVATOR ETFS TRUST | US EQTY ACCELRTD | 45783Y830 |  | 966415 | 28868 | SH |  | SOLE |  | 0 | 0 | 28868 |
| INNOVATOR ETFS TRUST | US EQUITY ACCELE | 45783Y103 |  | 7324829 | 175993 | SH |  | SOLE |  | 0 | 0 | 175993 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 252061 | 2214 | SH |  | SOLE |  | 0 | 0 | 2214 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 300398 | 2933 | SH |  | SOLE |  | 0 | 0 | 2933 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 646781 | 3376 | SH |  | SOLE |  | 0 | 0 | 3376 |
| INVESCO EXCHANGE TRADED FD T | SEMICONDUCTORS | 46137V647 |  | 341070 | 4325 | SH |  | SOLE |  | 0 | 0 | 4325 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 208721 | 340 | SH |  | SOLE |  | 0 | 0 | 340 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 2051241 | 41314 | SH |  | SOLE |  | 0 | 0 | 41314 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 1061164 | 47310 | SH |  | SOLE |  | 0 | 0 | 47310 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 403578 | 4972 | SH |  | SOLE |  | 0 | 0 | 4972 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 346709 | 5382 | SH |  | SOLE |  | 0 | 0 | 5382 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 310677 | 3095 | SH |  | SOLE |  | 0 | 0 | 3095 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 697276 | 6810 | SH |  | SOLE |  | 0 | 0 | 6810 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1306046 | 13582 | SH |  | SOLE |  | 0 | 0 | 13582 |
| ISHARES TR | BB RAT CORP BD | 46435U473 |  | 1241640 | 26345 | SH |  | SOLE |  | 0 | 0 | 26345 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 247830 | 3755 | SH |  | SOLE |  | 0 | 0 | 3755 |
| ISHARES TR | CORE S ETF | 464287200 |  | 484938 | 708 | SH |  | SOLE |  | 0 | 0 | 708 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 10273669 | 102860 | SH |  | SOLE |  | 0 | 0 | 102860 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 429440 | 1426 | SH |  | SOLE |  | 0 | 0 | 1426 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 1286690 | 28310 | SH |  | SOLE |  | 0 | 0 | 28310 |
| ISHARES TR | RUS TOP 200 ETF | 464289446 |  | 431524 | 2529 | SH |  | SOLE |  | 0 | 0 | 2529 |
| ISHARES TR | RUSEL 2500 ETF | 46435G268 |  | 2725269 | 36366 | SH |  | SOLE |  | 0 | 0 | 36366 |
| ITT INC | COM | 45073V108 |  | 549333 | 3166 | SH |  | SOLE |  | 0 | 0 | 3166 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1420526 | 24817 | SH |  | SOLE |  | 0 | 0 | 24817 |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 |  | 2589054 | 40979 | SH |  | SOLE |  | 0 | 0 | 40979 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 3350015 | 66232 | SH |  | SOLE |  | 0 | 0 | 66232 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 430250 | 2079 | SH |  | SOLE |  | 0 | 0 | 2079 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 248110 | 770 | SH |  | SOLE |  | 0 | 0 | 770 |
| KLA CORP | COM NEW | 482480100 |  | 257597 | 212 | SH |  | SOLE |  | 0 | 0 | 212 |
| KRANESHARES TRUST | MOUNT LUCAS ETF | 500767652 |  | 930048 | 35840 | SH |  | SOLE |  | 0 | 0 | 35840 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 820235 | 2794 | SH |  | SOLE |  | 0 | 0 | 2794 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 432633 | 2332 | SH |  | SOLE |  | 0 | 0 | 2332 |
| MASCO CORP | COM | 574599106 |  | 416615 | 6565 | SH |  | SOLE |  | 0 | 0 | 6565 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 312843 | 548 | SH |  | SOLE |  | 0 | 0 | 548 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 473275 | 14657 | SH |  | SOLE |  | 0 | 0 | 14657 |
| MAXIMUS INC | COM | 577933104 |  | 538810 | 6242 | SH |  | SOLE |  | 0 | 0 | 6242 |
| META PLATFORMS INC | CL A | 30303M102 |  | 413217 | 626 | SH |  | SOLE |  | 0 | 0 | 626 |
| MICROSOFT CORP | COM | 594918104 |  | 1017099 | 2103 | SH |  | SOLE |  | 0 | 0 | 2103 |
| MONTAUK RENEWABLES INC | COM | 61218C103 |  | 69426 | 41572 | SH |  | SOLE |  | 0 | 0 | 41572 |
| MOODYS CORP | COM | 615369105 |  | 655932 | 1284 | SH |  | SOLE |  | 0 | 0 | 1284 |
| MORNINGSTAR INC | COM | 617700109 |  | 361170 | 1662 | SH |  | SOLE |  | 0 | 0 | 1662 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 527065 | 1375 | SH |  | SOLE |  | 0 | 0 | 1375 |
| NETFLIX INC | COM | 64110L106 |  | 663259 | 7074 | SH |  | SOLE |  | 0 | 0 | 7074 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 611868 | 8814 | SH |  | SOLE |  | 0 | 0 | 8814 |
| NIAGEN BIOSCIENCE INC | COM NEW | 171077407 |  | 81726 | 12850 | SH |  | SOLE |  | 0 | 0 | 12850 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2359904 | 12654 | SH |  | SOLE |  | 0 | 0 | 12654 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 519956 | 16320 | SH |  | SOLE |  | 0 | 0 | 16320 |
| PAYCHEX INC | COM | 704326107 |  | 425051 | 3789 | SH |  | SOLE |  | 0 | 0 | 3789 |
| PGIM ETF TR | AAA CLO ETF | 69344A834 |  | 1017614 | 19852 | SH |  | SOLE |  | 0 | 0 | 19852 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 277162 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| QUALCOMM INC | COM | 747525103 |  | 707121 | 4134 | SH |  | SOLE |  | 0 | 0 | 4134 |
| RELIANCE INC | COM | 759509102 |  | 213187 | 738 | SH |  | SOLE |  | 0 | 0 | 738 |
| RESMED INC | COM | 761152107 |  | 478850 | 1988 | SH |  | SOLE |  | 0 | 0 | 1988 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 564114 | 2022 | SH |  | SOLE |  | 0 | 0 | 2022 |
| SALESFORCE INC | COM | 79466L302 |  | 528496 | 1995 | SH |  | SOLE |  | 0 | 0 | 1995 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 3095578 | 134766 | SH |  | SOLE |  | 0 | 0 | 134766 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 480163 | 17505 | SH |  | SOLE |  | 0 | 0 | 17505 |
| SIMPLIFY EXCHANGE TRADED FUN | AGGREGATE BOND E | 82889N723 |  | 709617 | 34281 | SH |  | SOLE |  | 0 | 0 | 34281 |
| SIMPLIFY EXCHANGE TRADED FUN | MANAGED FUTURES | 82889N699 |  | 1586096 | 58184 | SH |  | SOLE |  | 0 | 0 | 58184 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 |  | 3457444 | 68586 | SH |  | SOLE |  | 0 | 0 | 68586 |
| SIMPLIFY EXCHANGE TRADED FUN | TREASURY OPT INC | 82889N640 |  | 889246 | 37513 | SH |  | SOLE |  | 0 | 0 | 37513 |
| SIMPLIFY EXCHANGE TRADED FUN | VOLATILITY PREM | 82889N863 |  | 802071 | 45676 | SH |  | SOLE |  | 0 | 0 | 45676 |
| SLB LIMITED | COM STK | 806857108 |  | 561913 | 14641 | SH |  | SOLE |  | 0 | 0 | 14641 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 499946 | 733 | SH |  | SOLE |  | 0 | 0 | 733 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A664 |  | 2614707 | 98780 | SH |  | SOLE |  | 0 | 0 | 98780 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 2238536 | 24497 | SH |  | SOLE |  | 0 | 0 | 24497 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 1731149 | 37798 | SH |  | SOLE |  | 0 | 0 | 37798 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 1221410 | 36990 | SH |  | SOLE |  | 0 | 0 | 36990 |
| STRATEGY INC | CL A NEW | 594972408 |  | 784214 | 5161 | SH |  | SOLE |  | 0 | 0 | 5161 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 673065 | 3387 | SH |  | SOLE |  | 0 | 0 | 3387 |
| TESLA INC | COM | 88160R101 |  | 1423865 | 3166 | SH |  | SOLE |  | 0 | 0 | 3166 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 356519 | 1080 | SH |  | SOLE |  | 0 | 0 | 1080 |
| VANECK ETF TRUST | BDC INCOME ETF | 92189F411 |  | 708192 | 49943 | SH |  | SOLE |  | 0 | 0 | 49943 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 414533 | 661 | SH |  | SOLE |  | 0 | 0 | 661 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 355971 | 1380 | SH |  | SOLE |  | 0 | 0 | 1380 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 772023 | 2303 | SH |  | SOLE |  | 0 | 0 | 2303 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 218875 | 1146 | SH |  | SOLE |  | 0 | 0 | 1146 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5851649 | 108848 | SH |  | SOLE |  | 0 | 0 | 108848 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 502417 | 5999 | SH |  | SOLE |  | 0 | 0 | 5999 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 5355665 | 43989 | SH |  | SOLE |  | 0 | 0 | 43989 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 3225383 | 34945 | SH |  | SOLE |  | 0 | 0 | 34945 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 7202156 | 115290 | SH |  | SOLE |  | 0 | 0 | 115290 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 474900 | 5193 | SH |  | SOLE |  | 0 | 0 | 5193 |
| VISA INC | COM CL A | 92826C839 |  | 310874 | 886 | SH |  | SOLE |  | 0 | 0 | 886 |
| VISTRA CORP | COM | 92840M102 |  | 519483 | 3220 | SH |  | SOLE |  | 0 | 0 | 3220 |
| WABTEC | COM | 929740108 |  | 519751 | 2435 | SH |  | SOLE |  | 0 | 0 | 2435 |
| WEAVE COMMUNICATIONS INC | COM | 94724R108 |  | 217606 | 28670 | SH |  | SOLE |  | 0 | 0 | 28670 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 7989901 | 158782 | SH |  | SOLE |  | 0 | 0 | 158782 |
| WW GRAINGER INC | COM | 384802104 |  | 407657 | 404 | SH |  | SOLE |  | 0 | 0 | 404 |
| ZOETIS INC | CL A | 98978V103 |  | 524796 | 4171 | SH |  | SOLE |  | 0 | 0 | 4171 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 586611 | 12618 | SH |  | SOLE |  | 0 | 0 | 12618 |

---