# EDGAR Filing Document

**Accession Number:** 0001392364
**File Stem:** 0001104659-25-075593
**Filing Date:** 2025-8
**Character Count:** 37163
**Document Hash:** 6d5b990bb0c39eada102a5176418c1d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-075593.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001104659-25-075593

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** L & S Advisors Inc
- **CENTRAL INDEX KEY:** 0001392364

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13201
- **FILM NUMBER:** 251197218

**BUSINESS ADDRESS:**
- **STREET 1:** 11766 WILSHIRE BLVD
- **STREET 2:** SUITE 845
- **CITY:** Los Angeles
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** 310-893-6060

**MAIL ADDRESS:**
- **STREET 1:** 11766 WILSHIRE BLVD
- **STREET 2:** SUITE 845
- **CITY:** Los Angeles
- **STATE:** CA
- **ZIP:** 90025

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** L  S Advisors Inc<br>**Address:** 11766 Wilshire Blvd<br>Suite 845<br>Los Angeles, CA 90025

**Form 13F File Number:** 028-13201

**CRD Number (if applicable):** 000140923

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:** Jason Scott<br>**Title:** Chief Compliance Officer<br>**Phone:** 310-893-6060

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

Jason Scott  Los Angeles, CA  08-07-2025<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 339

**Form 13F Information Table Value Total:** $1010123310

      (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.]

|   No. | Name                                       | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | WELLS FARGO CLEARING SERVICES LLC          | 028-13118              |  |  |
|     2 | WELLS FARGO ADVISORS FINANCIAL NETWORK LLC | 028-13117              |  |  |

### 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 |
| US TREASURY | FIXED | 912797ms3 |  | 2225384 | 2250000 | PRN |  | SOLE |  | 0 | 0 | 2250000 |
| US TREASURY | FIXED | 912797nx1 |  | 1591629 | 1592000 | PRN |  | SOLE |  | 0 | 0 | 1592000 |
| US TREASURY | FIXED | 912797pf8 |  | 2991998 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| US TREASURY | FIXED | 912797pp6 |  | 354815 | 357000 | PRN |  | SOLE |  | 0 | 0 | 357000 |
| US TREASURY | FIXED | 912797qb6 |  | 15981981 | 16021000 | PRN |  | SOLE |  | 0 | 0 | 16021000 |
| US TREASURY | FIXED | 91282cbc4 |  | 784750 | 800000 | PRN |  | SOLE |  | 0 | 0 | 800000 |
| US TREASURY | FIXED | 9128284z0 |  | 1026902 | 1030000 | PRN |  | SOLE |  | 0 | 0 | 1030000 |
| US TREASURY | FIXED | 9128285n6 |  | 5302746 | 5334000 | PRN |  | SOLE |  | 0 | 0 | 5334000 |
| US TREASURY | FIXED | 9128286a3 |  | 472547 | 477000 | PRN |  | SOLE |  | 0 | 0 | 477000 |
| US TREASURY | FIXED | 9128286f2 |  | 5203624 | 5262000 | PRN |  | SOLE |  | 0 | 0 | 5262000 |
| US TREASURY | FIXED | 9128286l9 |  | 828581 | 840000 | PRN |  | SOLE |  | 0 | 0 | 840000 |
| US TREASURY | FIXED | 9128286s4 |  | 377659 | 383000 | PRN |  | SOLE |  | 0 | 0 | 383000 |
| US TREASURY | FIXED | 9128287B0 |  | 832303 | 850000 | PRN |  | SOLE |  | 0 | 0 | 850000 |
| US TREASURY | FIXED | 912828p46 |  | 695815 | 707000 | PRN |  | SOLE |  | 0 | 0 | 707000 |
| US TREASURY | FIXED | 912828yg9 |  | 501750 | 516000 | PRN |  | SOLE |  | 0 | 0 | 516000 |
| US TREASURY | FIXED | 91282cam3 |  | 445482 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| US TREASURY | FIXED | 91282cbq3 |  | 463552 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| US TREASURY | FIXED | 91282cbt7 |  | 1229869 | 1261000 | PRN |  | SOLE |  | 0 | 0 | 1261000 |
| US TREASURY | FIXED | 91282cey3 |  | 209844 | 210000 | PRN |  | SOLE |  | 0 | 0 | 210000 |
| US TREASURY | FIXED | 91282cfk2 |  | 1248682 | 1250000 | PRN |  | SOLE |  | 0 | 0 | 1250000 |
| US TREASURY | FIXED | 91282cga3 |  | 548528 | 549000 | PRN |  | SOLE |  | 0 | 0 | 549000 |
| US TREASURY | FIXED | 91282cgl9 |  | 2693313 | 2697000 | PRN |  | SOLE |  | 0 | 0 | 2697000 |
| US TREASURY | FIXED | 91282chh7 |  | 4433016 | 4428000 | PRN |  | SOLE |  | 0 | 0 | 4428000 |
| US TREASURY | FIXED | 91282chn4 |  | 450070 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| AGCO CORP | FIXED | 001084ar3 |  | 303702 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ALBEMARLE CORP | FIXED | 012653ad3 |  | 515196 | 517000 | PRN |  | SOLE |  | 0 | 0 | 517000 |
| AMC ENTERTAINMENT | FIXED | 00165cad6 |  | 1774290 | 1988000 | PRN |  | SOLE |  | 0 | 0 | 1988000 |
| AMER AIRLINE 16-1 A | FIXED | 02376waa9 |  | 230305 | 238233 | PRN |  | SOLE |  | 0 | 0 | 238233 |
| AMER AIRLINE 17-2 | FIXED | 02377daa0 |  | 290460 | 292257 | PRN |  | SOLE |  | 0 | 0 | 292257 |
| AMER AIRLN 14-1 A PTT | FIXED | 02377aaa6 |  | 413149 | 421464 | PRN |  | SOLE |  | 0 | 0 | 421464 |
| AMER AIRLN 15-2 AA | FIXED | 02377bab2 |  | 306936 | 315488 | PRN |  | SOLE |  | 0 | 0 | 315488 |
| AMERICAN NATIONAL GROUP | FIXED | 025676am9 |  | 401600 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| AON CORP | FIXED | 037389ak9 |  | 494913 | 471000 | PRN |  | SOLE |  | 0 | 0 | 471000 |
| APACHE CORP | FIXED | 037411aj4 |  | 303549 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ARCELORMITTAL SA | FIXED | 03938lbe3 |  | 239750 | 230000 | PRN |  | SOLE |  | 0 | 0 | 230000 |
| ARES CAPITAL CORP | FIXED | 04010laz6 |  | 298437 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ARES CAPITAL CORP | FIXED | 04010lbe2 |  | 376603 | 365000 | PRN |  | SOLE |  | 0 | 0 | 365000 |
| ARROW ELECTRONICS INC | FIXED | 042735ak6 |  | 516320 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| ASSERTIO HOLDINGS INC | FIXED | 04546cab2 |  | 619625 | 688000 | PRN |  | SOLE |  | 0 | 0 | 688000 |
| AVNET INC | FIXED | 053807as2 |  | 299526 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| BANK OF AMERICA CORP | FIXED | 06055jhn2 |  | 399979 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| BARCLAYS PLC | FIXED | 06738eap0 |  | 502255 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| BEAZER HOMES USA | FIXED | 07556qbt1 |  | 405506 | 405000 | PRN |  | SOLE |  | 0 | 0 | 405000 |
| BGC GROUP INC | FIXED | 088929ab0 |  | 333650 | 335000 | PRN |  | SOLE |  | 0 | 0 | 335000 |
| BGC PARTNERS INC | FIXED | 05541tap6 |  | 253047 | 255000 | PRN |  | SOLE |  | 0 | 0 | 255000 |
| BLACKROCK TCP CAP | FIXED | 09259eac2 |  | 1991415 | 1930000 | PRN |  | SOLE |  | 0 | 0 | 1930000 |
| BLACKROCK TCP CAP CORP | FIXED | 09259eab4 |  | 442363 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| BLOCK FINANCIAL LLC | FIXED | 093662ag9 |  | 300093 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| BOEING CO/THE | FIXED | 097023dp7 |  | 205764 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| CARNIVAL CORP | FIXED | 143658ah5 |  | 559650 | 546000 | PRN |  | SOLE |  | 0 | 0 | 546000 |
| CARNIVAL CORP | FIXED | 693070ad6 |  | 934500 | 890000 | PRN |  | SOLE |  | 0 | 0 | 890000 |
| CARYLE SECURED LENDING | FIXED | 872280aa0 |  | 512049 | 501000 | PRN |  | SOLE |  | 0 | 0 | 501000 |
| CDK GLOBAL INC | FIXED | 12508eaf8 |  | 1191400 | 1295000 | PRN |  | SOLE |  | 0 | 0 | 1295000 |
| CENTENE CORP | FIXED | 15135bar2 |  | 225604 | 230000 | PRN |  | SOLE |  | 0 | 0 | 230000 |
| CITRIX SYSTEMS INC | FIXED | 177376ae0 |  | 2156360 | 2294000 | PRN |  | SOLE |  | 0 | 0 | 2294000 |
| CLECO CORPORATE HOLDINGS | FIXED | 18551pac3 |  | 371248 | 375000 | PRN |  | SOLE |  | 0 | 0 | 375000 |
| CLEVELAND-CLIFFS STEEL | FIXED | 001546au4 |  | 722700 | 730000 | PRN |  | SOLE |  | 0 | 0 | 730000 |
| COMERICA BANK | FIXED | 200339dx4 |  | 304357 | 305000 | PRN |  | SOLE |  | 0 | 0 | 305000 |
| CONCENTRIX CORP | FIXED | 20602daa9 |  | 584831 | 575000 | PRN |  | SOLE |  | 0 | 0 | 575000 |
| CONCENTRIX CORP | FIXED | 20602dab7 |  | 386313 | 369000 | PRN |  | SOLE |  | 0 | 0 | 369000 |
| DELTA AIR LINES | FIXED | 247361zz4 |  | 304176 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| DEVON OEI OPERATING LLC | FIXED | 812007ae2 |  | 421936 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| EDISON INTERNATIONAL | FIXED | 281020au1 |  | 324959 | 325000 | PRN |  | SOLE |  | 0 | 0 | 325000 |
| ELEVANCE HEALTH INC | FIXED | 28622haa9 |  | 500030 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| ENBRIDGE ENERGY PARTNERS | FIXED | 29250raw6 |  | 250222 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| EPR PROPERTIES | FIXED | 26884uad1 |  | 397952 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| FS KKR CAPITAL CORP | FIXED | 302635ag2 |  | 493951 | 499000 | PRN |  | SOLE |  | 0 | 0 | 499000 |
| FS KKR CAPITAL CORP | FIXED | 302635am9 |  | 1383614 | 1312000 | PRN |  | SOLE |  | 0 | 0 | 1312000 |
| GENESIS ENERGY LP | FIXED | 37185lap7 |  | 1013650 | 970000 | PRN |  | SOLE |  | 0 | 0 | 970000 |
| GLOBAL MARINE INC | FIXED | 379352al1 |  | 1769040 | 1944000 | PRN |  | SOLE |  | 0 | 0 | 1944000 |
| GLOBAL PAYMENTS INC | FIXED | 891906ac3 |  | 399784 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| GLP CAPITAL LP / FIN II | FIXED | 361841ah2 |  | 350902 | 351000 | PRN |  | SOLE |  | 0 | 0 | 351000 |
| GOLDMAN SACKS BDC INC | FIXED | 38147uae7 |  | 756622 | 740000 | PRN |  | SOLE |  | 0 | 0 | 740000 |
| GRUPO TELEVISA | FIXED | 40049jbb2 |  | 296931 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| HAWAIIAN AIRLINES 13-1A | FIXED | 419838aa5 |  | 553928 | 566678 | PRN |  | SOLE |  | 0 | 0 | 566678 |
| HCA INC | FIXED | 404119bu2 |  | 375052 | 375000 | PRN |  | SOLE |  | 0 | 0 | 375000 |
| HECLA MINING CO | FIXED | 422704ah9 |  | 947050 | 940000 | PRN |  | SOLE |  | 0 | 0 | 940000 |
| HF SINCLAIR CORP | FIXED | 403949ap5 |  | 596642 | 590000 | PRN |  | SOLE |  | 0 | 0 | 590000 |
| HOST HOTELS  RESORTS LP | FIXED | 44107taw6 |  | 224494 | 225000 | PRN |  | SOLE |  | 0 | 0 | 225000 |
| ICAHN ENTERPRISES | FIXED | 451102bz9 |  | 1288437 | 1330000 | PRN |  | SOLE |  | 0 | 0 | 1330000 |
| ICAHN ENTERPRISES/FIN | FIXED | 451102cf2 |  | 1297315 | 1334000 | PRN |  | SOLE |  | 0 | 0 | 1334000 |
| IIP OPERATION PARTNER | FIXED | 44988fad2 |  | 3193575 | 3318000 | PRN |  | SOLE |  | 0 | 0 | 3318000 |
| ILLUMINA INC | FIXED | 452327an9 |  | 251072 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| JBS USA LUX S A / JBSUSA FOOD | FIXED | 46599bjg1 |  | 252897 | 260000 | PRN |  | SOLE |  | 0 | 0 | 260000 |
| JEFFERIES FIN GROUP | FIXED | 47233wjy6 |  | 397606 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| JEFFERIES GRP LLC | FIXED | 47233jjx7 |  | 250135 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| KENNEDY-WILSON INC | FIXED | 489399am7 |  | 602035 | 668000 | PRN |  | SOLE |  | 0 | 0 | 668000 |
| KEYCORP CAPITAL | FIXED | 49326yaa7 |  | 1458370 | 1430000 | PRN |  | SOLE |  | 0 | 0 | 1430000 |
| KINROSS GOLD CORP | FIXED | 496902aq0 |  | 475442 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| LEGGETT  PLATT INC | FIXED | 524660ay3 |  | 194082 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| LEGGETT  PLATT INC | FIXED | 524660az0 |  | 214452 | 222000 | PRN |  | SOLE |  | 0 | 0 | 222000 |
| LLOYDS BANKING GROUP PLC | FIXED | 53944yab9 |  | 484559 | 485000 | PRN |  | SOLE |  | 0 | 0 | 485000 |
| LPL HOLDINGS INC | FIXED | 50212yaj3 |  | 254682 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| MAIN STREET CAPITAL CORP | FIXED | 56035laj3 |  | 429416 | 420000 | PRN |  | SOLE |  | 0 | 0 | 420000 |
| MERCER INTL INC | FIXED | 588056bb6 |  | 1467515 | 1823000 | PRN |  | SOLE |  | 0 | 0 | 1823000 |
| MERCURY GENERAL CORP | FIXED | 589400ab6 |  | 494655 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| MERITAGE HOMES CORP | FIXED | 59001aba9 |  | 404564 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| MGM GROWTH/MGM FINANCE | FIXED | 55303xab1 |  | 805700 | 808000 | PRN |  | SOLE |  | 0 | 0 | 808000 |
| NEW MOUNTAIN FINANCE COR | FIXED | 647551ag5 |  | 741564 | 735000 | PRN |  | SOLE |  | 0 | 0 | 735000 |
| NEWELL BRANDS INC | FIXED | 651229bd7 |  | 994850 | 1010000 | PRN |  | SOLE |  | 0 | 0 | 1010000 |
| NOKIA OYJ | FIXED | 654902ae5 |  | 397372 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| OAKTREE SPECIALTY LEND | FIXED | 67401pad0 |  | 242231 | 235000 | PRN |  | SOLE |  | 0 | 0 | 235000 |
| OLD DOMIN ELECTRIC CORP | FIXED | 679574ah6 |  | 435265 | 431639 | PRN |  | SOLE |  | 0 | 0 | 431639 |
| OMEGA HLTHCARE  INVESTORS | FIXED | 681936bh2 |  | 387190 | 387000 | PRN |  | SOLE |  | 0 | 0 | 387000 |
| PARAMOUNT GLOBAL | FIXED | 92553pbb7 |  | 462273 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| PARK-OHIO INDUSTRIES INC | FIXED | 700677ar8 |  | 1739895 | 1803000 | PRN |  | SOLE |  | 0 | 0 | 1803000 |
| PBF HOLDING CO LLC | FIXED | 69318faj7 |  | 819026 | 861000 | PRN |  | SOLE |  | 0 | 0 | 861000 |
| PETROLEOS MEXICANOS | FIXED | 71654qcg5 |  | 1449050 | 1460000 | PRN |  | SOLE |  | 0 | 0 | 1460000 |
| PETROLEOS MEXICANOS | FIXED | 71654qdl3 |  | 2117537 | 2041000 | PRN |  | SOLE |  | 0 | 0 | 2041000 |
| PHILLIPS 66 PARTNERS LP | FIXED | 718549ad0 |  | 291738 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| PULTEGROUP INC | FIXED | 745867aw1 |  | 275877 | 275000 | PRN |  | SOLE |  | 0 | 0 | 275000 |
| RADIAN GROUP INC | FIXED | 750236aw1 |  | 475461 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| REGAL REXNORD CORPORATIONSER B | FIXED | 758750al7 |  | 540592 | 538000 | PRN |  | SOLE |  | 0 | 0 | 538000 |
| SARATOGA INVESTMENT CORP | FIXED | 80349aad1 |  | 246967 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| SASOL FINANCING USA LLC | FIXED | 80386wab1 |  | 1378612 | 1455000 | PRN |  | SOLE |  | 0 | 0 | 1455000 |
| SEMPRA | FIXED | 816851bq1 |  | 403876 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| T-MOBILE USA INC | FIXED | 87264aat2 |  | 414481 | 415000 | PRN |  | SOLE |  | 0 | 0 | 415000 |
| TARGA RESOURCES PARTNERS | FIXED | 87612bbl5 |  | 540094 | 540000 | PRN |  | SOLE |  | 0 | 0 | 540000 |
| TEGNA INC | FIXED | 87901jah8 |  | 944212 | 990000 | PRN |  | SOLE |  | 0 | 0 | 990000 |
| TEXAS GAS TRANSMISSION | FIXED | 882440an0 |  | 261620 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| TIAA FSB HOLDINGS INC | FIXED | 29977gaa0 |  | 1321714 | 1325000 | PRN |  | SOLE |  | 0 | 0 | 1325000 |
| TITAN INTERNATIONAL INC | FIXED | 88830mam4 |  | 1647056 | 1645000 | PRN |  | SOLE |  | 0 | 0 | 1645000 |
| TPI COMPOSITES INC | FIXED | 87266jab0 |  | 88441 | 1010000 | PRN |  | SOLE |  | 0 | 0 | 1010000 |
| TRANSOCEAN INC | FIXED | 893817aa4 |  | 194250 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| TRANSOCEAN INC | FIXED | 893830af6 |  | 1121440 | 1376000 | PRN |  | SOLE |  | 0 | 0 | 1376000 |
| TREEHOUSE FOODS INC | FIXED | 89469aad6 |  | 300875 | 332000 | PRN |  | SOLE |  | 0 | 0 | 332000 |
| UNITED AIR 2020-1 A | FIXED | 90931gaa7 |  | 243363 | 238497 | PRN |  | SOLE |  | 0 | 0 | 238497 |
| UNITED AIR 2020-1 B PTT | FIXED | 90932vaa3 |  | 726989 | 728566 | PRN |  | SOLE |  | 0 | 0 | 728566 |
| UTAH ACQUISITION SUB | FIXED | 62854aan4 |  | 346692 | 350000 | PRN |  | SOLE |  | 0 | 0 | 350000 |
| VALERO ENERGY CORP | FIXED | 252747af7 |  | 771142 | 750000 | PRN |  | SOLE |  | 0 | 0 | 750000 |
| VERISIGN INC | FIXED | 92343eal6 |  | 515072 | 515000 | PRN |  | SOLE |  | 0 | 0 | 515000 |
| VIATRIS INC | FIXED | 92556vac0 |  | 190576 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| VITAL ENERGY INC | FIXED | 516806aj5 |  | 1129930 | 1252000 | PRN |  | SOLE |  | 0 | 0 | 1252000 |
| YAMANA GOLD INC | FIXED | 98462yad2 |  | 541983 | 545000 | PRN |  | SOLE |  | 0 | 0 | 545000 |
| DOUBLELINE OPPORTUNISTIC BOND | FIXED | 25861r105 |  | 1476443 | 31930 | SH |  | SOLE |  | 0 | 0 | 31930 |
| EATON VANCE HIGH INCOME | FIXED | 277923546 |  | 353835 | 82865 | SH |  | SOLE |  | 0 | 0 | 82865 |
| FIRST TRUST SENIOR LOAN ETF | FIXED | 33738D309 |  | 715948 | 15601 | SH |  | SOLE |  | 0 | 0 | 15601 |
| FLEXSHARES HIGH YIELD VALUE | FIXED | 33939l662 |  | 435299 | 10609 | SH |  | SOLE |  | 0 | 0 | 10609 |
| ISHARES BROAD US HIGH YIELD ET | FIXED | 46435u853 |  | 408586 | 10893 | SH |  | SOLE |  | 0 | 0 | 10893 |
| JPM ULTRA-SHORT INCOME | FIXED | 46641Q837 |  | 1110754 | 21917 | SH |  | SOLE |  | 0 | 0 | 21917 |
| PIMCO ACTIVE BOND ETF | FIXED | 72201r775 |  | 1502165 | 16296 | SH |  | SOLE |  | 0 | 0 | 16296 |
| PIMCO ENHANCED SHORT MATURITY | FIXED | 72201r833 |  | 1210140 | 12037 | SH |  | SOLE |  | 0 | 0 | 12037 |
| PIMCO SENIOR LOAN ACTIVE ETF | FIXED | 72201r627 |  | 6487074 | 127215 | SH |  | SOLE |  | 0 | 0 | 127215 |
| SPDR BARCLAYS T-BILL ETF | FIXED | 78468r663 |  | 230976 | 2518 | SH |  | SOLE |  | 0 | 0 | 2518 |
| SPDR BLACKSTONE HIGH INCOME | FIXED | 78470P846 |  | 571651 | 19995 | SH |  | SOLE |  | 0 | 0 | 19995 |
| SPDR BLACKSTONE SENIOR LOAN | FIXED | 78467V608 |  | 17087667 | 410860 | SH |  | SOLE |  | 0 | 0 | 410860 |
| VANECK AA-BB CLO ETF | FIXED | 92189h656 |  | 1763606 | 34703 | SH |  | SOLE |  | 0 | 0 | 34703 |
| VANECK BDC INCOME ETF | FIXED | 92189f411 |  | 338933 | 20819 | SH |  | SOLE |  | 0 | 0 | 20819 |
| 3M COMPANY | COM | 88579y101 |  | 6715611 | 44112 | SH |  | SOLE |  | 0 | 0 | 44112 |
| ABB LTD ADR | COM | 000375204 |  | 250196 | 4193 | SH |  | SOLE |  | 0 | 0 | 4193 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 2460557 | 18091 | SH |  | SOLE |  | 0 | 0 | 18091 |
| ABBVIE INC | COM | 00287Y109 |  | 3387676 | 18251 | SH |  | SOLE |  | 0 | 0 | 18251 |
| ADOBE INC COM | COM | 00724f101 |  | 247216 | 639 | SH |  | SOLE |  | 0 | 0 | 639 |
| AGCO CORP | COM | 001084102 |  | 6449563 | 62520 | SH |  | SOLE |  | 0 | 0 | 62520 |
| AIRBUS GROUP ADR | COM | 009279100 |  | 3250980 | 62089 | SH |  | SOLE |  | 0 | 0 | 62089 |
| ALPHABET INC A | COM | 02079k305 |  | 10169956 | 57708 | SH |  | SOLE |  | 0 | 0 | 57708 |
| ALPHABET INC C | COM | 02079k107 |  | 1783739 | 10055 | SH |  | SOLE |  | 0 | 0 | 10055 |
| AMAZON.COM INC | COM | 023135106 |  | 20388681 | 92933 | SH |  | SOLE |  | 0 | 0 | 92933 |
| AMEREN CORP | COM | 023608102 |  | 2254251 | 23472 | SH |  | SOLE |  | 0 | 0 | 23472 |
| AMERICAN EXPRESS | COM | 025816109 |  | 7053286 | 22112 | SH |  | SOLE |  | 0 | 0 | 22112 |
| APPLE INC | COM | 037833100 |  | 24794291 | 120848 | SH |  | SOLE |  | 0 | 0 | 120848 |
| ARISTA NETWORKS | COM | 040413205 |  | 336600 | 3290 | SH |  | SOLE |  | 0 | 0 | 3290 |
| AT INC | COM | 00206R102 |  | 4006604 | 138445 | SH |  | SOLE |  | 0 | 0 | 138445 |
| BAE SYSTEMS PLC (ADR) | COM | 05523r107 |  | 1751412 | 16669 | SH |  | SOLE |  | 0 | 0 | 16669 |
| BANK NEW YORK MELLON | COM | 064058100 |  | 7738519 | 84936 | SH |  | SOLE |  | 0 | 0 | 84936 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 8069080 | 170522 | SH |  | SOLE |  | 0 | 0 | 170522 |
| BEIERSDORF AG ORD F | COM | d08792109 |  | 602374 | 4793 | SH |  | SOLE |  | 0 | 0 | 4793 |
| BERKSHIRE HATHAWAY B | COM | 084670702 |  | 1168763 | 2406 | SH |  | SOLE |  | 0 | 0 | 2406 |
| BLACKSTONE INC | COM | 09260D107 |  | 1993153 | 13325 | SH |  | SOLE |  | 0 | 0 | 13325 |
| BLOOM ENERGY CORP | COM | 093712107 |  | 2584293 | 108039 | SH |  | SOLE |  | 0 | 0 | 108039 |
| BOEING CO | COM | 097023105 |  | 257512 | 1229 | SH |  | SOLE |  | 0 | 0 | 1229 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 7743187 | 72090 | SH |  | SOLE |  | 0 | 0 | 72090 |
| BRIGHTSPRING HEALTH SERVICES | COM | 10950A106 |  | 1709756 | 72478 | SH |  | SOLE |  | 0 | 0 | 72478 |
| BROADCOM LIMITED | COM | 11135F101 |  | 15759413 | 57172 | SH |  | SOLE |  | 0 | 0 | 57172 |
| BWX TECHNOLOGIES CO | COM | 05605H100 |  | 4162926 | 28897 | SH |  | SOLE |  | 0 | 0 | 28897 |
| BYD COMPANY LTD (ADR) | COM | 05606l100 |  | 4089399 | 43597 | SH |  | SOLE |  | 0 | 0 | 43597 |
| CAMECO CORP | COM | 13321L108 |  | 4036776 | 54382 | SH |  | SOLE |  | 0 | 0 | 54382 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 2236015 | 8090 | SH |  | SOLE |  | 0 | 0 | 8090 |
| CATERPILLAR INC | COM | 149123101 |  | 3116778 | 8029 | SH |  | SOLE |  | 0 | 0 | 8029 |
| CELESTICA INC | COM | 15101Q207 |  | 2283421 | 14627 | SH |  | SOLE |  | 0 | 0 | 14627 |
| CHENIERE ENERGY INC | COM | 16411r208 |  | 3262194 | 13396 | SH |  | SOLE |  | 0 | 0 | 13396 |
| CHEVRON CORPORATION | COM | 166764100 |  | 246430 | 1721 | SH |  | SOLE |  | 0 | 0 | 1721 |
| CHUBB LTD | COM | h1467j104 |  | 2822742 | 9743 | SH |  | SOLE |  | 0 | 0 | 9743 |
| CIGNA CORPORATION | COM | 125523100 |  | 225786 | 683 | SH |  | SOLE |  | 0 | 0 | 683 |
| CISCO SYSTEMS INC | COM | 17275r102 |  | 3061161 | 44122 | SH |  | SOLE |  | 0 | 0 | 44122 |
| CITIGROUP INC | COM | 172967424 |  | 10364729 | 121766 | SH |  | SOLE |  | 0 | 0 | 121766 |
| CME GROUP INC | COM | 12572q105 |  | 10011345 | 36323 | SH |  | SOLE |  | 0 | 0 | 36323 |
| COCA COLA COMPANY | COM | 191216100 |  | 735812 | 10400 | SH |  | SOLE |  | 0 | 0 | 10400 |
| CONSTELLATION ENERGY | COM | 21037t109 |  | 5918447 | 18337 | SH |  | SOLE |  | 0 | 0 | 18337 |
| COSTCO WHOLESALE | COM | 22160k105 |  | 7104100 | 7176 | SH |  | SOLE |  | 0 | 0 | 7176 |
| CROWDSTRIKE HLDGS | COM | 22788c105 |  | 6213073 | 12199 | SH |  | SOLE |  | 0 | 0 | 12199 |
| CUMMINS INC | COM | 231021106 |  | 6387887 | 19505 | SH |  | SOLE |  | 0 | 0 | 19505 |
| CYPRESS DEV CORP | COM | 232749200 |  | 2187 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| DATADOG INC | COM | 23804l103 |  | 1735544 | 12920 | SH |  | SOLE |  | 0 | 0 | 12920 |
| DEERE  COMPANY | COM | 244199105 |  | 6296123 | 12382 | SH |  | SOLE |  | 0 | 0 | 12382 |
| DIGITAL REALTY TRUST INC | COM | 253868103 |  | 11311382 | 64885 | SH |  | SOLE |  | 0 | 0 | 64885 |
| DOVER CORP | COM | 260003108 |  | 6660852 | 36352 | SH |  | SOLE |  | 0 | 0 | 36352 |
| DYNATRACE INC | COM | 268150109 |  | 1716368 | 31088 | SH |  | SOLE |  | 0 | 0 | 31088 |
| EATON CORP PLC | COM | G29183103 |  | 11138980 | 31202 | SH |  | SOLE |  | 0 | 0 | 31202 |
| ELI LILLY  COMPANY | COM | 532457108 |  | 13330545 | 17101 | SH |  | SOLE |  | 0 | 0 | 17101 |
| EMBRAER SA (ADR) | COM | 29082a107 |  | 1828575 | 32131 | SH |  | SOLE |  | 0 | 0 | 32131 |
| ENOVIX CORP | COM | 293594107 |  | 2533590 | 245028 | SH |  | SOLE |  | 0 | 0 | 245028 |
| ENTER PRO PARTNERS LP | COM | 293792107 |  | 266376 | 8590 | SH |  | SOLE |  | 0 | 0 | 8590 |
| EQT CORP COM | COM | 26884l109 |  | 3339986 | 57270 | SH |  | SOLE |  | 0 | 0 | 57270 |
| EXXON MOBIL CORP | COM | 30231g102 |  | 1781611 | 16527 | SH |  | SOLE |  | 0 | 0 | 16527 |
| GE AEROSPACE | COM | 369604301 |  | 349793 | 1359 | SH |  | SOLE |  | 0 | 0 | 1359 |
| GE VERNOVA | COM | 36828a101 |  | 6568868 | 12414 | SH |  | SOLE |  | 0 | 0 | 12414 |
| GLOBAL TECHNOLOGIES | COM | 378949101 |  | 93 | 310000 | SH |  | SOLE |  | 0 | 0 | 310000 |
| GOLDMAN SACHS | COM | 38141g104 |  | 13020930 | 18398 | SH |  | SOLE |  | 0 | 0 | 18398 |
| GULFPORT ENERGY CORP | COM | 402635502 |  | 1753398 | 8716 | SH |  | SOLE |  | 0 | 0 | 8716 |
| HDFC BANK LTD | COM | 40415f101 |  | 1654309 | 21577 | SH |  | SOLE |  | 0 | 0 | 21577 |
| HOME DEPOT | COM | 437076102 |  | 2825340 | 7706 | SH |  | SOLE |  | 0 | 0 | 7706 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 3790283 | 20364 | SH |  | SOLE |  | 0 | 0 | 20364 |
| IBM CORP | COM | 459200101 |  | 7146599 | 24244 | SH |  | SOLE |  | 0 | 0 | 24244 |
| ICICI BANK LTD SPON ADR | COM | 45104G104 |  | 3004220 | 89305 | SH |  | SOLE |  | 0 | 0 | 89305 |
| INTERCONTINENTAL EXC | COM | 45866f104 |  | 1680402 | 9159 | SH |  | SOLE |  | 0 | 0 | 9159 |
| INTUIT INC | COM | 461202103 |  | 4287858 | 5444 | SH |  | SOLE |  | 0 | 0 | 5444 |
| INTUITIVE SURGICAL | COM | 46120e602 |  | 4335053 | 7977 | SH |  | SOLE |  | 0 | 0 | 7977 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1339312 | 8768 | SH |  | SOLE |  | 0 | 0 | 8768 |
| JOHNSON CONTROLS | COM | g51502105 |  | 7782927 | 73688 | SH |  | SOLE |  | 0 | 0 | 73688 |
| JPMORGAN CHASE  CO | COM | 46625h100 |  | 13512466 | 46609 | SH |  | SOLE |  | 0 | 0 | 46609 |
| KINDER MORGAN INC | COM | 49456B101 |  | 4029312 | 137051 | SH |  | SOLE |  | 0 | 0 | 137051 |
| KLA CORPORATION | COM | 482480100 |  | 3686373 | 4115 | SH |  | SOLE |  | 0 | 0 | 4115 |
| KRATOS DEFENSE  SECURITY | COM | 50077b207 |  | 2499242 | 53805 | SH |  | SOLE |  | 0 | 0 | 53805 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 6781710 | 27036 | SH |  | SOLE |  | 0 | 0 | 27036 |
| LABOR SMART INC | COM | 50541a108 |  | 23 | 28571 | SH |  | SOLE |  | 0 | 0 | 28571 |
| LANDBRIDGE CO LLC | COM | 514952100 |  | 2803556 | 41485 | SH |  | SOLE |  | 0 | 0 | 41485 |
| MARTIN MARIETTA MATERIALS | COM | 573284106 |  | 2890823 | 5266 | SH |  | SOLE |  | 0 | 0 | 5266 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2341812 | 896 | SH |  | SOLE |  | 0 | 0 | 896 |
| MERCK  CO INC | COM | 58933y105 |  | 1479184 | 18686 | SH |  | SOLE |  | 0 | 0 | 18686 |
| META PLATFORMS INC | COM | 30303m102 |  | 22407919 | 30359 | SH |  | SOLE |  | 0 | 0 | 30359 |
| MICROSOFT CORPORATION | COM | 594918104 |  | 23492560 | 47230 | SH |  | SOLE |  | 0 | 0 | 47230 |
| NATIONAL GRID PLC (ADR) | COM | 636274409 |  | 2945073 | 39579 | SH |  | SOLE |  | 0 | 0 | 39579 |
| NETFLIX INC | COM | 64110l106 |  | 9977858 | 7451 | SH |  | SOLE |  | 0 | 0 | 7451 |
| NRG ENERGY INC | COM | 629377508 |  | 4307533 | 26825 | SH |  | SOLE |  | 0 | 0 | 26825 |
| NU HOLDINGS LTD | COM | G6683N103 |  | 4929335 | 359281 | SH |  | SOLE |  | 0 | 0 | 359281 |
| NVIDIA CORP | COM | 67066g104 |  | 26758754 | 169370 | SH |  | SOLE |  | 0 | 0 | 169370 |
| ORACLE CORP | COM | 68389x105 |  | 11065739 | 50614 | SH |  | SOLE |  | 0 | 0 | 50614 |
| PALANTIR TECHNOLOGIES INC | COM | 69608a108 |  | 766936 | 5626 | SH |  | SOLE |  | 0 | 0 | 5626 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 13335980 | 65168 | SH |  | SOLE |  | 0 | 0 | 65168 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 5718663 | 8187 | SH |  | SOLE |  | 0 | 0 | 8187 |
| PROCTER  GAMBLE | COM | 742718109 |  | 3650499 | 22913 | SH |  | SOLE |  | 0 | 0 | 22913 |
| RBC BEARINGS INC | COM | 75524b104 |  | 235113 | 611 | SH |  | SOLE |  | 0 | 0 | 611 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 8217788 | 24740 | SH |  | SOLE |  | 0 | 0 | 24740 |
| ROLLS ROYCE HOLDING PLC | COM | 775781206 |  | 3854216 | 288058 | SH |  | SOLE |  | 0 | 0 | 288058 |
| RTX CORPORATION | COM | 75513e101 |  | 6342981 | 43439 | SH |  | SOLE |  | 0 | 0 | 43439 |
| SAFRAN SA | COM | 786584102 |  | 3296691 | 40366 | SH |  | SOLE |  | 0 | 0 | 40366 |
| SEAGATE TECHNOLOGY | COM | g7997r103 |  | 7508768 | 52025 | SH |  | SOLE |  | 0 | 0 | 52025 |
| SERVICENOW INC | COM | 81762p102 |  | 8579328 | 8345 | SH |  | SOLE |  | 0 | 0 | 8345 |
| SIEMENS ENERGY AG ADR | COM | 82621a104 |  | 3986627 | 34409 | SH |  | SOLE |  | 0 | 0 | 34409 |
| SNOWFLAKE INC | COM | 833445109 |  | 2128724 | 9513 | SH |  | SOLE |  | 0 | 0 | 9513 |
| SPOTIFY | COM | l8681t102 |  | 2631976 | 3430 | SH |  | SOLE |  | 0 | 0 | 3430 |
| STATE STREET CORP | COM | 857477103 |  | 8269636 | 77766 | SH |  | SOLE |  | 0 | 0 | 77766 |
| STRYKER CORP | COM | 863667101 |  | 2807351 | 7096 | SH |  | SOLE |  | 0 | 0 | 7096 |
| SYNOPSYS INC | COM | 871607107 |  | 1580080 | 3082 | SH |  | SOLE |  | 0 | 0 | 3082 |
| T-MOBILE US INC | COM | 872590104 |  | 1221797 | 5128 | SH |  | SOLE |  | 0 | 0 | 5128 |
| TAIWAN SEMICONDUCTOR | COM | 874039100 |  | 8318751 | 36729 | SH |  | SOLE |  | 0 | 0 | 36729 |
| TESLA MOTORS INC | COM | 88160r101 |  | 4700415 | 14797 | SH |  | SOLE |  | 0 | 0 | 14797 |
| THE MOSAIC CO | COM | 61945c103 |  | 7002664 | 191959 | SH |  | SOLE |  | 0 | 0 | 191959 |
| TRANE TECHNOLOGIES PLC | COM | g8994e103 |  | 8473069 | 19371 | SH |  | SOLE |  | 0 | 0 | 19371 |
| UNITED RENTALS INC | COM | 911363109 |  | 6681905 | 8869 | SH |  | SOLE |  | 0 | 0 | 8869 |
| US BANCORP | COM | 902973304 |  | 714950 | 15800 | SH |  | SOLE |  | 0 | 0 | 15800 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 2636224 | 8463 | SH |  | SOLE |  | 0 | 0 | 8463 |
| VERTEX PHARMACEUTCLS INC | COM | 92532f100 |  | 1400599 | 3146 | SH |  | SOLE |  | 0 | 0 | 3146 |
| VERTIV HOLDINGS LLC CL A | COM | 92537n108 |  | 5239818 | 40805 | SH |  | SOLE |  | 0 | 0 | 40805 |
| VISA INC | COM | 92826c839 |  | 7899854 | 22250 | SH |  | SOLE |  | 0 | 0 | 22250 |
| VISTRA CORP | COM | 92840m102 |  | 10048265 | 51846 | SH |  | SOLE |  | 0 | 0 | 51846 |
| WAL-MART STORES INC | COM | 931142103 |  | 6148787 | 62884 | SH |  | SOLE |  | 0 | 0 | 62884 |
| WASTE MANAGEMENT | COM | 94106l109 |  | 3236452 | 14144 | SH |  | SOLE |  | 0 | 0 | 14144 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 3690815 | 57678 | SH |  | SOLE |  | 0 | 0 | 57678 |
| WILLIAMS COMPANIES INC | COM | 969457100 |  | 8263158 | 131558 | SH |  | SOLE |  | 0 | 0 | 131558 |
| ZILLOW GROUP | COM | 98954m101 |  | 1675334 | 24461 | SH |  | SOLE |  | 0 | 0 | 24461 |
| 1ST TR DEVELOPED MKT EX-US ETF | COM | 33737J174 |  | 2219732 | 32282 | SH |  | SOLE |  | 0 | 0 | 32282 |
| ALERIAN MLP ETF | COM | 00162q452 |  | 7325042 | 149919 | SH |  | SOLE |  | 0 | 0 | 149919 |
| AVANTIS INTERNATIONAL EQUITY E | COM | 025072703 |  | 399136 | 5393 | SH |  | SOLE |  | 0 | 0 | 5393 |
| AVANTIS US EQUITY ETF | COM | 025072885 |  | 4403093 | 43673 | SH |  | SOLE |  | 0 | 0 | 43673 |
| COMMU SERV SELECT ETF | COM | 81369y852 |  | 289992 | 2672 | SH |  | SOLE |  | 0 | 0 | 2672 |
| DIMENSIONAL EMERGING CORE ETF | COM | 25434v302 |  | 1048872 | 36230 | SH |  | SOLE |  | 0 | 0 | 36230 |
| DIMENSIONAL US HIGH PROFIT ETF | COM | 25434v831 |  | 3804630 | 106992 | SH |  | SOLE |  | 0 | 0 | 106992 |
| DIMENSIONAL US SMALL CAP | COM | 25434v500 |  | 955458 | 14997 | SH |  | SOLE |  | 0 | 0 | 14997 |
| DJ INDUSTRIAL ETF | COM | 78467x109 |  | 13664830 | 31011 | SH |  | SOLE |  | 0 | 0 | 31011 |
| FINANCIAL SELECT SPDR | COM | 81369y605 |  | 586073 | 11191 | SH |  | SOLE |  | 0 | 0 | 11191 |
| FIRST RISING DIVIDEND ACHIEVER | COM | 33738r506 |  | 1468988 | 23414 | SH |  | SOLE |  | 0 | 0 | 23414 |
| FIRST TRUST NASDAQ 100 TECH | COM | 337345102 |  | 375224 | 1763 | SH |  | SOLE |  | 0 | 0 | 1763 |
| FIRST TRUST TECH ALPHA ETF | COM | 33734x176 |  | 2342324 | 14885 | SH |  | SOLE |  | 0 | 0 | 14885 |
| FLEXSHARES DEF QUAL DIV ETF | COM | 33939l845 |  | 1746856 | 23590 | SH |  | SOLE |  | 0 | 0 | 23590 |
| FLEXSHARES MORNINGSTAR US IDX | COM | 33939l100 |  | 237225 | 1059 | SH |  | SOLE |  | 0 | 0 | 1059 |
| GLOBAL X ART INTEL  TECH | COM | 37954y632 |  | 1329575 | 30432 | SH |  | SOLE |  | 0 | 0 | 30432 |
| GLOBAL X U.S. PREFERRED ETF | COM | 37954y657 |  | 1264643 | 67161 | SH |  | SOLE |  | 0 | 0 | 67161 |
| INVESCO FTSE RAFI DEVELOPED | COM | 46138e735 |  | 1088788 | 27977 | SH |  | SOLE |  | 0 | 0 | 27977 |
| INVESCO QQQ TRUST ETF | COM | 46090E103 |  | 23295259 | 42229 | SH |  | SOLE |  | 0 | 0 | 42229 |
| ISH RUSSELL 2000 GRWTH | COM | 464287648 |  | 274426 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| ISHARE TECH SOFTWARE ETF | COM | 464287515 |  | 23108989 | 211041 | SH |  | SOLE |  | 0 | 0 | 211041 |
| ISHARES EDGE MSCI US QUALITY F | COM | 46432f339 |  | 1110789 | 6076 | SH |  | SOLE |  | 0 | 0 | 6076 |
| ISHARES FLEXIBLE INCOME ACTIVE | COM | 092528603 |  | 1014528 | 19200 | SH |  | SOLE |  | 0 | 0 | 19200 |
| ISHARES GLOBAL TECH ETF | COM | 464287291 |  | 278213 | 3013 | SH |  | SOLE |  | 0 | 0 | 3013 |
| ISHARES MSCI INTERNATIONAL Q E | COM | 46434v456 |  | 946479 | 21899 | SH |  | SOLE |  | 0 | 0 | 21899 |
| ISHARES RUSSELL 2000 | COM | 464287655 |  | 953243 | 4417 | SH |  | SOLE |  | 0 | 0 | 4417 |
| ISHARES RUSSELL TOP 200 | COM | 464289438 |  | 222853 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| ISHARES S 500 GROWTH | COM | 464287309 |  | 356063 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| ISHARES S 500 VALUE ETF | COM | 464287408 |  | 290003 | 1484 | SH |  | SOLE |  | 0 | 0 | 1484 |
| ISHARES SEMICONDUCTOR ETF | COM | 464287523 |  | 23678801 | 99199 | SH |  | SOLE |  | 0 | 0 | 99199 |
| ISHARES U.S. INSURANCE ETF | COM | 464288786 |  | 274971 | 2045 | SH |  | SOLE |  | 0 | 0 | 2045 |
| ISHARES US AERO  DEF ETF | COM | 464288760 |  | 336345 | 1783 | SH |  | SOLE |  | 0 | 0 | 1783 |
| JPM DIVERSIFIED RET EM EQUITY | COM | 46641q308 |  | 474383 | 8409 | SH |  | SOLE |  | 0 | 0 | 8409 |
| JPM PREMIUM EQUITY FUND | COM | 46641q332 |  | 838234 | 14745 | SH |  | SOLE |  | 0 | 0 | 14745 |
| JPMORGAN US QUALITY FACTOR ETF | COM | 46641q761 |  | 2553845 | 42529 | SH |  | SOLE |  | 0 | 0 | 42529 |
| JPMORGAN US VALUE FACTOR ETF | COM | 46641q753 |  | 811592 | 18349 | SH |  | SOLE |  | 0 | 0 | 18349 |
| NUVEEN ESG LARGE CAP GROWTH ET | COM | 67092p201 |  | 2561033 | 27260 | SH |  | SOLE |  | 0 | 0 | 27260 |
| PACER US CASH COWS 100 ETF | COM | 69374h881 |  | 327764 | 5949 | SH |  | SOLE |  | 0 | 0 | 5949 |
| PIMCO RAFI DYN MLT-FACT INTL | COM | 72202l371 |  | 345515 | 9615 | SH |  | SOLE |  | 0 | 0 | 9615 |
| PRS  MIDCAP DIV ARISTO | COM | 74347b680 |  | 811273 | 9950 | SH |  | SOLE |  | 0 | 0 | 9950 |
| REAL ESTATE SELECTOR SPDR | COM | 81369y860 |  | 342848 | 8277 | SH |  | SOLE |  | 0 | 0 | 8277 |
| SPDR GOLD SHARES ETF | COM | 78463v107 |  | 431030 | 1414 | SH |  | SOLE |  | 0 | 0 | 1414 |
| SPDR INDUSTRIAL SELECT | COM | 81369y704 |  | 285156 | 1933 | SH |  | SOLE |  | 0 | 0 | 1933 |
| SPDR MSCI EAFE STRATEGIC FACTO | COM | 78463x434 |  | 2098591 | 24591 | SH |  | SOLE |  | 0 | 0 | 24591 |
| SPDR PORTFOLIO S 1500 COMP | COM | 78464a805 |  | 1016436 | 13572 | SH |  | SOLE |  | 0 | 0 | 13572 |
| SPDR S 500 ETF | COM | 78462f103 |  | 35004745 | 56656 | SH |  | SOLE |  | 0 | 0 | 56656 |
| SPDR S MIDCAP 400 ETF | COM | 78467y107 |  | 707053 | 1248 | SH |  | SOLE |  | 0 | 0 | 1248 |
| SPDR UTILITIES ETF | COM | 81369y886 |  | 284912 | 3489 | SH |  | SOLE |  | 0 | 0 | 3489 |
| TECHNOLOGY SPDR ETF | COM | 81369y803 |  | 648814 | 2562 | SH |  | SOLE |  | 0 | 0 | 2562 |
| VANECK MORNINGSTAR WIDE MOAT | COM | 92189f643 |  | 2218321 | 23652 | SH |  | SOLE |  | 0 | 0 | 23652 |
| VANGUARD DEVELOPED ETF | COM | 921943858 |  | 2059456 | 36124 | SH |  | SOLE |  | 0 | 0 | 36124 |
| VANGUARD EMERGING MARKETS | COM | 922042858 |  | 907107 | 18340 | SH |  | SOLE |  | 0 | 0 | 18340 |
| VANGUARD GROWTH ETF | COM | 922908736 |  | 1144240 | 2610 | SH |  | SOLE |  | 0 | 0 | 2610 |
| VANGUARD S 500 | COM | 922908363 |  | 2457870 | 4327 | SH |  | SOLE |  | 0 | 0 | 4327 |
| VANGUARD TOTAL STOCK ETF | COM | 922908769 |  | 7201621 | 23695 | SH |  | SOLE |  | 0 | 0 | 23695 |
| VANGUARD VALUE ETF | COM | 922908744 |  | 256197 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| WISDOMTREE FLOATING RATE | COM | 97717y527 |  | 251550 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| WISDOMTREE U.S. QUALITY DIVIDE | COM | 97717x669 |  | 407689 | 4869 | SH |  | SOLE |  | 0 | 0 | 4869 |
| WISDOMTREE US MIDCAP ETF | COM | 97717w570 |  | 1635378 | 26475 | SH |  | SOLE |  | 0 | 0 | 26475 |
| XTRACKERS RUSSELL US MULTI ETF | COM | 233051481 |  | 2037506 | 36245 | SH |  | SOLE |  | 0 | 0 | 36245 |
| AMERICAN CENTURY CA HIGHYIELD | COM | 025075201 |  | 151425 | 16143 | SH |  | SOLE |  | 0 | 0 | 16143 |
| DFA US CORE EQUITY 1 INST | COM | 233203413 |  | 316135 | 6999 | SH |  | SOLE |  | 0 | 0 | 6999 |
| FIDELITY CONTRAFUND | COM | 316071109 |  | 262012 | 11231 | SH |  | SOLE |  | 0 | 0 | 11231 |
| FIDELITY MUNICIPAL MONEYMARKET | COM | 316048107 |  | 4611078 | 4611078 | SH |  | SOLE |  | 0 | 0 | 4611078 |
| GS GQG INTL OPPORTUNITIES | COM | 38147n293 |  | 1153858 | 50920 | SH |  | SOLE |  | 0 | 0 | 50920 |
| HRDG LVNR INTL EQUITY | COM | 412295107 |  | 726242 | 25699 | SH |  | SOLE |  | 0 | 0 | 25699 |
| ENERGY TRANSFER EQUITY LP | COM | 29273v100 |  | 198166 | 10930 | SH |  | SOLE |  | 0 | 0 | 10930 |

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