# EDGAR Filing Document

**Accession Number:** 0000872098
**File Stem:** 0001085146-25-005864
**Filing Date:** 2025-10
**Character Count:** 27925
**Document Hash:** 6ccdea45184a40281a4d6b0ce7970bbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005864.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0001085146-25-005864

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**EFFECTIVENESS DATE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHAPIN DAVIS, INC.
- **CENTRAL INDEX KEY:** 0000872098

**ORGANIZATION NAME:**
- **EIN:** 521715615
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22769
- **FILM NUMBER:** 251383770

**BUSINESS ADDRESS:**
- **STREET 1:** 1411 CLARKVIEW ROAD
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209
- **BUSINESS PHONE:** 267-748-2301

**MAIL ADDRESS:**
- **STREET 1:** 1411 CLARKVIEW ROAD
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PATAPSCO SECURITIES INC.
- **DATE OF NAME CHANGE:** 20020321

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PATAPSCO SECURITIES INC                                 /BD
- **DATE OF NAME CHANGE:** 20020321

### 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:** CHAPIN DAVIS INC.<br>**Address:** 1411 CLARKVIEW ROAD<br>BALTIMORE, MD 21209

**Form 13F File Number:** 028-22769

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:** Robert Kaehler<br>**Title:** Chief Compliance Officer<br>**Phone:** 443-573-3747

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

/s/Robert Kaehler  Baltimore, MD  10-09-2025<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:** 247

**Form 13F Information Table Value Total:** $407282558

      (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 |
| 3M CO | COM | 88579Y101 |  | 427500 | 2755 | SH |  | SOLE |  | 0 | 0 | 2755 |
| ABBOTT LABS | COM | 002824100 |  | 682959 | 5099 | SH |  | SOLE |  | 0 | 0 | 5099 |
| ABBVIE INC | COM | 00287Y109 |  | 3118384 | 13468 | SH |  | SOLE |  | 0 | 0 | 13468 |
| ADOBE INC | COM | 00724F101 |  | 1015922 | 2880 | SH |  | SOLE |  | 0 | 0 | 2880 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 3042001 | 11154 | SH |  | SOLE |  | 0 | 0 | 11154 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 229320 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 376200 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9439693 | 38829 | SH |  | SOLE |  | 0 | 0 | 38829 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2449496 | 10057 | SH |  | SOLE |  | 0 | 0 | 10057 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 900254 | 13628 | SH |  | SOLE |  | 0 | 0 | 13628 |
| AMAZON COM INC | COM | 023135106 |  | 9326244 | 42476 | SH |  | SOLE |  | 0 | 0 | 42476 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 209511 | 2105 | SH |  | SOLE |  | 0 | 0 | 2105 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 736744 | 2218 | SH |  | SOLE |  | 0 | 0 | 2218 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 200017 | 1437 | SH |  | SOLE |  | 0 | 0 | 1437 |
| AMGEN INC | COM | 031162100 |  | 1768830 | 6268 | SH |  | SOLE |  | 0 | 0 | 6268 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 5014239 | 40519 | SH |  | SOLE |  | 0 | 0 | 40519 |
| ANALOG DEVICES INC | COM | 032654105 |  | 261671 | 1065 | SH |  | SOLE |  | 0 | 0 | 1065 |
| APPLE INC | COM | 037833100 |  | 25374905 | 99651 | SH |  | SOLE |  | 0 | 0 | 99651 |
| APPLIED MATLS INC | COM | 038222105 |  | 323694 | 1581 | SH |  | SOLE |  | 0 | 0 | 1581 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 227382 | 11141 | SH |  | SOLE |  | 0 | 0 | 11141 |
| ASTERA LABS INC | COM | 04626A103 |  | 2242106 | 11451 | SH |  | SOLE |  | 0 | 0 | 11451 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 291155 | 3795 | SH |  | SOLE |  | 0 | 0 | 3795 |
| AT INC | COM | 00206R102 |  | 1242792 | 44009 | SH |  | SOLE |  | 0 | 0 | 44009 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 462159 | 644 | SH |  | SOLE |  | 0 | 0 | 644 |
| BANK AMERICA CORP | COM | 060505104 |  | 2441651 | 47328 | SH |  | SOLE |  | 0 | 0 | 47328 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4030467 | 8017 | SH |  | SOLE |  | 0 | 0 | 8017 |
| BLACKROCK HEALTH SCIENCES TE | COM SHS | 09260E105 |  | 398065 | 27605 | SH |  | SOLE |  | 0 | 0 | 27605 |
| BLACKROCK INC | COM | 09290D101 |  | 259989 | 223 | SH |  | SOLE |  | 0 | 0 | 223 |
| BLACKROCK TECH AND PRIVATE E | SHS BEN INT | 09260Q108 |  | 623764 | 93099 | SH |  | SOLE |  | 0 | 0 | 93099 |
| BLACKSTONE INC | COM | 09260D107 |  | 1014690 | 5939 | SH |  | SOLE |  | 0 | 0 | 5939 |
| BOEING CO | COM | 097023105 |  | 616196 | 2855 | SH |  | SOLE |  | 0 | 0 | 2855 |
| BP PLC | SPONSORED ADR | 055622104 |  | 232148 | 6737 | SH |  | SOLE |  | 0 | 0 | 6737 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1337902 | 29665 | SH |  | SOLE |  | 0 | 0 | 29665 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 450862 | 8494 | SH |  | SOLE |  | 0 | 0 | 8494 |
| BROADCOM INC | COM | 11135F101 |  | 10603683 | 32141 | SH |  | SOLE |  | 0 | 0 | 32141 |
| C1 FD INC | COMMON STOCK | 12673Q103 |  | 876125 | 107500 | SH |  | SOLE |  | 0 | 0 | 107500 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 290398 | 3899 | SH |  | SOLE |  | 0 | 0 | 3899 |
| CARECLOUD INC | COM | 14167R100 |  | 382854 | 119269 | SH |  | SOLE |  | 0 | 0 | 119269 |
| CATERPILLAR INC | COM | 149123101 |  | 2741170 | 5746 | SH |  | SOLE |  | 0 | 0 | 5746 |
| CBDMD INC | COM SHS | 12482W408 |  | 147077 | 121551 | SH |  | SOLE |  | 0 | 0 | 121551 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 233100 | 992 | SH |  | SOLE |  | 0 | 0 | 992 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5762221 | 37106 | SH |  | SOLE |  | 0 | 0 | 37106 |
| CHUBB LIMITED | COM | H1467J104 |  | 282815 | 1002 | SH |  | SOLE |  | 0 | 0 | 1002 |
| CINTAS CORP | COM | 172908105 |  | 711225 | 3465 | SH |  | SOLE |  | 0 | 0 | 3465 |
| CISCO SYS INC | COM | 17275R102 |  | 1931186 | 28226 | SH |  | SOLE |  | 0 | 0 | 28226 |
| CITIGROUP INC | COM NEW | 172967424 |  | 513271 | 5057 | SH |  | SOLE |  | 0 | 0 | 5057 |
| COCA COLA CO | COM | 191216100 |  | 1254841 | 18921 | SH |  | SOLE |  | 0 | 0 | 18921 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 385261 | 12261 | SH |  | SOLE |  | 0 | 0 | 12261 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1442973 | 4385 | SH |  | SOLE |  | 0 | 0 | 4385 |
| CORNING INC | COM | 219350105 |  | 314995 | 3840 | SH |  | SOLE |  | 0 | 0 | 3840 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 663676 | 717 | SH |  | SOLE |  | 0 | 0 | 717 |
| CSX CORP | COM | 126408103 |  | 1963844 | 55304 | SH |  | SOLE |  | 0 | 0 | 55304 |
| CUMMINS INC | COM | 231021106 |  | 884853 | 2095 | SH |  | SOLE |  | 0 | 0 | 2095 |
| DEERE  CO | COM | 244199105 |  | 760482 | 1663 | SH |  | SOLE |  | 0 | 0 | 1663 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 431887 | 12319 | SH |  | SOLE |  | 0 | 0 | 12319 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 937106 | 4217 | SH |  | SOLE |  | 0 | 0 | 4217 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 295986 | 7674 | SH |  | SOLE |  | 0 | 0 | 7674 |
| DISNEY WALT CO | COM | 254687106 |  | 3406614 | 29752 | SH |  | SOLE |  | 0 | 0 | 29752 |
| DOORDASH INC | CL A | 25809K105 |  | 562208 | 2067 | SH |  | SOLE |  | 0 | 0 | 2067 |
| DOW INC | COM | 260557103 |  | 225687 | 9842 | SH |  | SOLE |  | 0 | 0 | 9842 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 987527 | 7980 | SH |  | SOLE |  | 0 | 0 | 7980 |
| DYADIC INTL INC DEL | COM | 26745T101 |  | 1099765 | 932004 | SH |  | SOLE |  | 0 | 0 | 932004 |
| ECOLAB INC | COM | 278865100 |  | 224249 | 818 | SH |  | SOLE |  | 0 | 0 | 818 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 514992 | 6622 | SH |  | SOLE |  | 0 | 0 | 6622 |
| ELI LILLY  CO | COM | 532457108 |  | 1695386 | 2222 | SH |  | SOLE |  | 0 | 0 | 2222 |
| EMERSON ELEC CO | COM | 291011104 |  | 2991235 | 22803 | SH |  | SOLE |  | 0 | 0 | 22803 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1770097 | 103153 | SH |  | SOLE |  | 0 | 0 | 103153 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 613457 | 19618 | SH |  | SOLE |  | 0 | 0 | 19618 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 674246 | 5980 | SH |  | SOLE |  | 0 | 0 | 5980 |
| FEDEX CORP | COM | 31428X106 |  | 2205416 | 9353 | SH |  | SOLE |  | 0 | 0 | 9353 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 330492 | 4348 | SH |  | SOLE |  | 0 | 0 | 4348 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 215802 | 5636 | SH |  | SOLE |  | 0 | 0 | 5636 |
| FORD MTR CO | COM | 345370860 |  | 187007 | 15636 | SH |  | SOLE |  | 0 | 0 | 15636 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 737453 | 18803 | SH |  | SOLE |  | 0 | 0 | 18803 |
| GBANK FINL HLDGS INC | COM | 36166F100 |  | 8197614 | 208750 | SH |  | SOLE |  | 0 | 0 | 208750 |
| GE AEROSPACE | COM NEW | 369604301 |  | 5213889 | 17332 | SH |  | SOLE |  | 0 | 0 | 17332 |
| GE VERNOVA INC | COM | 36828A101 |  | 7565248 | 12303 | SH |  | SOLE |  | 0 | 0 | 12303 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 505487 | 3880 | SH |  | SOLE |  | 0 | 0 | 3880 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 4816201 | 6047 | SH |  | SOLE |  | 0 | 0 | 6047 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 365178 | 8461 | SH |  | SOLE |  | 0 | 0 | 8461 |
| HOME DEPOT INC | COM | 437076102 |  | 1290071 | 3184 | SH |  | SOLE |  | 0 | 0 | 3184 |
| HONEYWELL INTL INC | COM | 438516106 |  | 403979 | 1919 | SH |  | SOLE |  | 0 | 0 | 1919 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 8669539 | 44180 | SH |  | SOLE |  | 0 | 0 | 44180 |
| IDEXX LABS INC | COM | 45168D104 |  | 5068956 | 7934 | SH |  | SOLE |  | 0 | 0 | 7934 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 328037 | 1258 | SH |  | SOLE |  | 0 | 0 | 1258 |
| INGREDION INC | COM | 457187102 |  | 440207 | 3605 | SH |  | SOLE |  | 0 | 0 | 3605 |
| INTEL CORP | COM | 458140100 |  | 508872 | 15168 | SH |  | SOLE |  | 0 | 0 | 15168 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 619500 | 2196 | SH |  | SOLE |  | 0 | 0 | 2196 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 352594 | 7599 | SH |  | SOLE |  | 0 | 0 | 7599 |
| INTUIT | COM | 461202103 |  | 632375 | 926 | SH |  | SOLE |  | 0 | 0 | 926 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 254662 | 1638 | SH |  | SOLE |  | 0 | 0 | 1638 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 323442 | 1705 | SH |  | SOLE |  | 0 | 0 | 1705 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2611870 | 4350 | SH |  | SOLE |  | 0 | 0 | 4350 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 329284 | 4525 | SH |  | SOLE |  | 0 | 0 | 4525 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 678625 | 10295 | SH |  | SOLE |  | 0 | 0 | 10295 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 1340619 | 13313 | SH |  | SOLE |  | 0 | 0 | 13313 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 216250 | 4994 | SH |  | SOLE |  | 0 | 0 | 4994 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1033889 | 12462 | SH |  | SOLE |  | 0 | 0 | 12462 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 671761 | 5486 | SH |  | SOLE |  | 0 | 0 | 5486 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 549268 | 6291 | SH |  | SOLE |  | 0 | 0 | 6291 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1786694 | 27378 | SH |  | SOLE |  | 0 | 0 | 27378 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2419316 | 20359 | SH |  | SOLE |  | 0 | 0 | 20359 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 810250 | 5563 | SH |  | SOLE |  | 0 | 0 | 5563 |
| ISHARES TR | CORE S ETF | 464287200 |  | 10206893 | 15251 | SH |  | SOLE |  | 0 | 0 | 15251 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 500048 | 4988 | SH |  | SOLE |  | 0 | 0 | 4988 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 473933 | 5837 | SH |  | SOLE |  | 0 | 0 | 5837 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 248699 | 2231 | SH |  | SOLE |  | 0 | 0 | 2231 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 299858 | 2077 | SH |  | SOLE |  | 0 | 0 | 2077 |
| ISHARES TR | MORNINGSTR US EQ | 464287127 |  | 571919 | 6188 | SH |  | SOLE |  | 0 | 0 | 6188 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1217877 | 13043 | SH |  | SOLE |  | 0 | 0 | 13043 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 448104 | 8391 | SH |  | SOLE |  | 0 | 0 | 8391 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 1563062 | 6095 | SH |  | SOLE |  | 0 | 0 | 6095 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1514755 | 3233 | SH |  | SOLE |  | 0 | 0 | 3233 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 636582 | 3126 | SH |  | SOLE |  | 0 | 0 | 3126 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 526786 | 1646 | SH |  | SOLE |  | 0 | 0 | 1646 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 328159 | 1856 | SH |  | SOLE |  | 0 | 0 | 1856 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 3422541 | 35448 | SH |  | SOLE |  | 0 | 0 | 35448 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 267366 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1638172 | 13570 | SH |  | SOLE |  | 0 | 0 | 13570 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1151500 | 5576 | SH |  | SOLE |  | 0 | 0 | 5576 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 227834 | 2376 | SH |  | SOLE |  | 0 | 0 | 2376 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 252825 | 1949 | SH |  | SOLE |  | 0 | 0 | 1949 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 847200 | 5962 | SH |  | SOLE |  | 0 | 0 | 5962 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 846745 | 7614 | SH |  | SOLE |  | 0 | 0 | 7614 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1120068 | 5719 | SH |  | SOLE |  | 0 | 0 | 5719 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE BOND ETF | 46654Q716 |  | 612820 | 11315 | SH |  | SOLE |  | 0 | 0 | 11315 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 637170 | 13400 | SH |  | SOLE |  | 0 | 0 | 13400 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 2649778 | 46406 | SH |  | SOLE |  | 0 | 0 | 46406 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 1749126 | 30409 | SH |  | SOLE |  | 0 | 0 | 30409 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 613579 | 12095 | SH |  | SOLE |  | 0 | 0 | 12095 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5498461 | 29654 | SH |  | SOLE |  | 0 | 0 | 29654 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 273886 | 2491 | SH |  | SOLE |  | 0 | 0 | 2491 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10180521 | 32275 | SH |  | SOLE |  | 0 | 0 | 32275 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 323159 | 2599 | SH |  | SOLE |  | 0 | 0 | 2599 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 895230 | 31623 | SH |  | SOLE |  | 0 | 0 | 31623 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 302336 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 33849 | 20029 | SH |  | SOLE |  | 0 | 0 | 20029 |
| LIVANOVA PLC | SHS | G5509L101 |  | 921888 | 17600 | SH |  | SOLE |  | 0 | 0 | 17600 |
| LMP CAP  INCOME FD INC | COM | 50208A102 |  | 875694 | 56387 | SH |  | SOLE |  | 0 | 0 | 56387 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1314917 | 2634 | SH |  | SOLE |  | 0 | 0 | 2634 |
| LOWES COS INC | COM | 548661107 |  | 801649 | 3190 | SH |  | SOLE |  | 0 | 0 | 3190 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 715277 | 1257 | SH |  | SOLE |  | 0 | 0 | 1257 |
| MCDONALDS CORP | COM | 580135101 |  | 545078 | 1794 | SH |  | SOLE |  | 0 | 0 | 1794 |
| MERCK  CO INC | COM | 58933Y105 |  | 1139695 | 13579 | SH |  | SOLE |  | 0 | 0 | 13579 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1233599 | 1680 | SH |  | SOLE |  | 0 | 0 | 1680 |
| MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 |  | 40713 | 13049 | SH |  | SOLE |  | 0 | 0 | 13049 |
| MICROSOFT CORP | COM | 594918104 |  | 16933719 | 32693 | SH |  | SOLE |  | 0 | 0 | 32693 |
| MONROE CAP CORP | COM | 610335101 |  | 73710 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 799513 | 5030 | SH |  | SOLE |  | 0 | 0 | 5030 |
| NETFLIX INC | COM | 64110L106 |  | 603058 | 503 | SH |  | SOLE |  | 0 | 0 | 503 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2192986 | 29050 | SH |  | SOLE |  | 0 | 0 | 29050 |
| NIKE INC | CL B | 654106103 |  | 562236 | 8063 | SH |  | SOLE |  | 0 | 0 | 8063 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 266765 | 888 | SH |  | SOLE |  | 0 | 0 | 888 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 3604455 | 146344 | SH |  | SOLE |  | 0 | 0 | 146344 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 545122 | 3366 | SH |  | SOLE |  | 0 | 0 | 3366 |
| NUCOR CORP | COM | 670346105 |  | 1195310 | 8826 | SH |  | SOLE |  | 0 | 0 | 8826 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 194683 | 15841 | SH |  | SOLE |  | 0 | 0 | 15841 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 18325418 | 98217 | SH |  | SOLE |  | 0 | 0 | 98217 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 589402 | 40150 | SH |  | SOLE |  | 0 | 0 | 40150 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 570639 | 12077 | SH |  | SOLE |  | 0 | 0 | 12077 |
| ONEOK INC NEW | COM | 682680103 |  | 336903 | 4617 | SH |  | SOLE |  | 0 | 0 | 4617 |
| ORACLE CORP | COM | 68389X105 |  | 1725599 | 6135 | SH |  | SOLE |  | 0 | 0 | 6135 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 209766 | 3650 | SH |  | SOLE |  | 0 | 0 | 3650 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 13280363 | 72801 | SH |  | SOLE |  | 0 | 0 | 72801 |
| PEPSICO INC | COM | 713448108 |  | 2743754 | 19537 | SH |  | SOLE |  | 0 | 0 | 19537 |
| PFIZER INC | COM | 717081103 |  | 1644546 | 64543 | SH |  | SOLE |  | 0 | 0 | 64543 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 369330 | 2277 | SH |  | SOLE |  | 0 | 0 | 2277 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 464751 | 2313 | SH |  | SOLE |  | 0 | 0 | 2313 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3404619 | 22158 | SH |  | SOLE |  | 0 | 0 | 22158 |
| PROPHASE LABS INC | COM | 74345W108 |  | 36624 | 80000 | SH |  | SOLE |  | 0 | 0 | 80000 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 998400 | 9687 | SH |  | SOLE |  | 0 | 0 | 9687 |
| PROSHARES TR | S MDCP 400 DIV | 74347B680 |  | 203962 | 2390 | SH |  | SOLE |  | 0 | 0 | 2390 |
| QUEST RESOURCE HLDG CORP | COM NEW | 74836W203 |  | 31200 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| ROYAL BK CDA | COM | 780087102 |  | 213614 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 5032959 | 15554 | SH |  | SOLE |  | 0 | 0 | 15554 |
| RTX CORPORATION | COM | 75513E101 |  | 2074624 | 12398 | SH |  | SOLE |  | 0 | 0 | 12398 |
| S GLOBAL INC | COM | 78409V104 |  | 663386 | 1363 | SH |  | SOLE |  | 0 | 0 | 1363 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 287346 | 12450 | SH |  | SOLE |  | 0 | 0 | 12450 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 376272 | 14973 | SH |  | SOLE |  | 0 | 0 | 14973 |
| SCHWAB STRATEGIC TR | MORTGAGE BACKED | 808524615 |  | 326466 | 12698 | SH |  | SOLE |  | 0 | 0 | 12698 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 693600 | 25407 | SH |  | SOLE |  | 0 | 0 | 25407 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 338841 | 11640 | SH |  | SOLE |  | 0 | 0 | 11640 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 9064466 | 38399 | SH |  | SOLE |  | 0 | 0 | 38399 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 363308 | 4066 | SH |  | SOLE |  | 0 | 0 | 4066 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 319746 | 5936 | SH |  | SOLE |  | 0 | 0 | 5936 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 278478 | 988 | SH |  | SOLE |  | 0 | 0 | 988 |
| SENSUS HEALTHCARE INC | COM | 81728J109 |  | 78500 | 25000 | SH |  | SOLE |  | 0 | 0 | 25000 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 335562 | 970 | SH |  | SOLE |  | 0 | 0 | 970 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 222915 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| SHORE BANCSHARES INC | COM | 825107105 |  | 201433 | 12275 | SH |  | SOLE |  | 0 | 0 | 12275 |
| SOUTHERN CO | COM | 842587107 |  | 406658 | 4291 | SH |  | SOLE |  | 0 | 0 | 4291 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 563606 | 4644 | SH |  | SOLE |  | 0 | 0 | 4644 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 348362 | 980 | SH |  | SOLE |  | 0 | 0 | 980 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 254071 | 4090 | SH |  | SOLE |  | 0 | 0 | 4090 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5656962 | 8492 | SH |  | SOLE |  | 0 | 0 | 8492 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 209164 | 2814 | SH |  | SOLE |  | 0 | 0 | 2814 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 627566 | 2247 | SH |  | SOLE |  | 0 | 0 | 2247 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 699381 | 2707 | SH |  | SOLE |  | 0 | 0 | 2707 |
| TARGA RES CORP | COM | 87612G101 |  | 289342 | 1727 | SH |  | SOLE |  | 0 | 0 | 1727 |
| TARGET CORP | COM | 87612E106 |  | 651024 | 7257 | SH |  | SOLE |  | 0 | 0 | 7257 |
| TESLA INC | COM | 88160R101 |  | 1004180 | 2258 | SH |  | SOLE |  | 0 | 0 | 2258 |
| TETRA TECHNOLOGIES INC DEL | COM | 88162F105 |  | 1140800 | 198400 | SH |  | SOLE |  | 0 | 0 | 198400 |
| TIDAL TRUST II | YIELDMAX ULTRA O | 88636J527 |  | 176462 | 32260 | SH |  | SOLE |  | 0 | 0 | 32260 |
| TJX COS INC NEW | COM | 872540109 |  | 251935 | 1743 | SH |  | SOLE |  | 0 | 0 | 1743 |
| TOLL BROTHERS INC | COM | 889478103 |  | 747050 | 5408 | SH |  | SOLE |  | 0 | 0 | 5408 |
| TREVI THERAPEUTICS INC | COM | 89532M101 |  | 321165 | 35100 | SH |  | SOLE |  | 0 | 0 | 35100 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 581846 | 5939 | SH |  | SOLE |  | 0 | 0 | 5939 |
| UNION PAC CORP | COM | 907818108 |  | 203987 | 863 | SH |  | SOLE |  | 0 | 0 | 863 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 4577126 | 47431 | SH |  | SOLE |  | 0 | 0 | 47431 |
| UNITED RENTALS INC | COM | 911363109 |  | 4597644 | 4816 | SH |  | SOLE |  | 0 | 0 | 4816 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 228364 | 1341 | SH |  | SOLE |  | 0 | 0 | 1341 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 221649 | 509 | SH |  | SOLE |  | 0 | 0 | 509 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 208845 | 1047 | SH |  | SOLE |  | 0 | 0 | 1047 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 404505 | 5180 | SH |  | SOLE |  | 0 | 0 | 5180 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1000261 | 12677 | SH |  | SOLE |  | 0 | 0 | 12677 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1531280 | 3193 | SH |  | SOLE |  | 0 | 0 | 3193 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 388097 | 1321 | SH |  | SOLE |  | 0 | 0 | 1321 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 821560 | 4706 | SH |  | SOLE |  | 0 | 0 | 4706 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 1252988 | 4265 | SH |  | SOLE |  | 0 | 0 | 4265 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 791190 | 8655 | SH |  | SOLE |  | 0 | 0 | 8655 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1446625 | 2363 | SH |  | SOLE |  | 0 | 0 | 2363 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1755497 | 8411 | SH |  | SOLE |  | 0 | 0 | 8411 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 580830 | 2284 | SH |  | SOLE |  | 0 | 0 | 2284 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 320942 | 1078 | SH |  | SOLE |  | 0 | 0 | 1078 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1685880 | 5137 | SH |  | SOLE |  | 0 | 0 | 5137 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 375664 | 2014 | SH |  | SOLE |  | 0 | 0 | 2014 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1797939 | 25192 | SH |  | SOLE |  | 0 | 0 | 25192 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1515084 | 27964 | SH |  | SOLE |  | 0 | 0 | 27964 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 314490 | 3739 | SH |  | SOLE |  | 0 | 0 | 3739 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 217108 | 3689 | SH |  | SOLE |  | 0 | 0 | 3689 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 962432 | 12041 | SH |  | SOLE |  | 0 | 0 | 12041 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 353678 | 1640 | SH |  | SOLE |  | 0 | 0 | 1640 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1393140 | 23250 | SH |  | SOLE |  | 0 | 0 | 23250 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 219178 | 1555 | SH |  | SOLE |  | 0 | 0 | 1555 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 235145 | 1792 | SH |  | SOLE |  | 0 | 0 | 1792 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 876226 | 1173 | SH |  | SOLE |  | 0 | 0 | 1173 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1924444 | 43787 | SH |  | SOLE |  | 0 | 0 | 43787 |
| VICOR CORP | COM | 925815102 |  | 2272204 | 45700 | SH |  | SOLE |  | 0 | 0 | 45700 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 250073 | 6543 | SH |  | SOLE |  | 0 | 0 | 6543 |
| VIRTUS ARTIFICIAL INTELLIGEN | COM | 92838Y100 |  | 442153 | 18400 | SH |  | SOLE |  | 0 | 0 | 18400 |
| VISA INC | COM CL A | 92826C839 |  | 1232914 | 3611 | SH |  | SOLE |  | 0 | 0 | 3611 |
| VISTRA CORP | COM | 92840M102 |  | 962555 | 4913 | SH |  | SOLE |  | 0 | 0 | 4913 |
| WALMART INC | COM | 931142103 |  | 1537032 | 14914 | SH |  | SOLE |  | 0 | 0 | 14914 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 412730 | 4924 | SH |  | SOLE |  | 0 | 0 | 4924 |
| WESTERN ASSET HIGH INCOME OP | COM | 95766K109 |  | 128180 | 33380 | SH |  | SOLE |  | 0 | 0 | 33380 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 9692736 | 80732 | SH |  | SOLE |  | 0 | 0 | 80732 |
| WILLIAMS COS INC | COM | 969457100 |  | 747658 | 11802 | SH |  | SOLE |  | 0 | 0 | 11802 |

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