# EDGAR Filing Document

**Accession Number:** 0001967332
**File Stem:** 0001967332-25-000003
**Filing Date:** 2025-10
**Character Count:** 16577
**Document Hash:** b02b4ff8aae72909018be9e2413433ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001967332-25-000003.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001967332-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**EFFECTIVENESS DATE**: 20251024

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PANORAMIC INVESTMENT ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0001967332

**ORGANIZATION NAME:**
- **EIN:** 823115494
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23152
- **FILM NUMBER:** 251415982

**BUSINESS ADDRESS:**
- **STREET 1:** 650 S. CHERRY ST SUITE 840
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80246
- **BUSINESS PHONE:** 3038080815

**MAIL ADDRESS:**
- **STREET 1:** 650 S. CHERRY ST SUITE 840
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80246

### 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:** PANORAMIC INVESTMENT ADVISORS LLC<br>**Address:** 650 S. CHERRY ST SUITE 840<br>DENVER, CO 80246

**Form 13F File Number:** 028-23152

**CRD Number (if applicable):** 000290770

**SEC File Number (if applicable):** 801-112146

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:** Lindsay Marie Rider<br>**Title:** Compliance Consultant<br>**Phone:** 7209844071

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

Lindsay Marie Rider  Thornton, CO  10-24-2025<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:** 125

**Form 13F Information Table Value Total:** $177830929

      (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 |
| AMAZON COM INC | COM | 023135106 |  | 1527548 | 6957 | SH |  | SOLE |  | 5932 | 0 | 1025 |
| VISA INC | COM CL A | 92826C839 |  | 238625 | 699 | SH |  | SOLE |  | 404 | 0 | 295 |
| APPLE INC | COM | 037833100 |  | 2400496 | 9427 | SH |  | SOLE |  | 7562 | 0 | 1865 |
| TIDAL TRUST I | FUNDSTRAT GRANNY | 886364231 |  | 697846 | 27925 | SH |  | SOLE |  | 19275 | 0 | 8650 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 2679554 | 29983 | SH |  | SOLE |  | 27858 | 0 | 2125 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 376188 | 2900 | SH |  | SOLE |  | 1550 | 0 | 1350 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 259334 | 2345 | SH |  | SOLE |  | 1595 | 0 | 750 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 3044073 | 53311 | SH |  | SOLE |  | 44461 | 0 | 8850 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 781122 | 13580 | SH |  | SOLE |  | 9680 | 0 | 3900 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 614300 | 11403 | SH |  | SOLE |  | 7573 | 0 | 3830 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 3240861 | 32700 | SH |  | SOLE |  | 29484 | 0 | 3216 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 3208891 | 22766 | SH |  | SOLE |  | 21396 | 0 | 1370 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 320169 | 4100 | SH |  | SOLE |  | 2650 | 0 | 1450 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 757886 | 8950 | SH |  | SOLE |  | 4800 | 0 | 4150 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 255439 | 7655 | SH |  | SOLE |  | 7655 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 276069 | 11859 | SH |  | SOLE |  | 11859 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 5426321 | 170051 | SH |  | SOLE |  | 170051 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 6288451 | 216024 | SH |  | SOLE |  | 216024 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 2412781 | 81403 | SH |  | SOLE |  | 81403 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 2227298 | 79831 | SH |  | SOLE |  | 79831 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 3509278 | 106665 | SH |  | SOLE |  | 106665 | 0 | 0 |
| GOLDMAN SACHS ETF TR | EQUAL WEIGHT US | 381430438 |  | 904924 | 10641 | SH |  | SOLE |  | 10641 | 0 | 0 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 1032008 | 30211 | SH |  | SOLE |  | 30211 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2869491 | 32866 | SH |  | SOLE |  | 32500 | 0 | 366 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2687953 | 13820 | SH |  | SOLE |  | 13820 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 4223014 | 83212 | SH |  | SOLE |  | 83212 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1650968 | 8429 | SH |  | SOLE |  | 8429 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 25563363 | 326313 | SH |  | SOLE |  | 326313 | 0 | 0 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 |  | 6110606 | 77715 | SH |  | SOLE |  | 77715 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 5638179 | 11756 | SH |  | SOLE |  | 11716 | 0 | 40 |
| ABBOTT LABS | COM | 002824100 |  | 1608277 | 12007 | SH |  | SOLE |  | 12007 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2384325 | 9808 | SH |  | SOLE |  | 8968 | 0 | 840 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4530419 | 18602 | SH |  | SOLE |  | 17582 | 0 | 1020 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3147655 | 6261 | SH |  | SOLE |  | 6261 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 607364 | 1841 | SH |  | SOLE |  | 1416 | 0 | 425 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1272902 | 13333 | SH |  | SOLE |  | 9933 | 0 | 3400 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 415616 | 449 | SH |  | SOLE |  | 449 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 450169 | 918 | SH |  | SOLE |  | 513 | 0 | 405 |
| EATON CORP PLC | SHS | G29183103 |  | 370133 | 989 | SH |  | SOLE |  | 989 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 565006 | 5011 | SH |  | SOLE |  | 5011 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 325208 | 1031 | SH |  | SOLE |  | 581 | 0 | 450 |
| MERCK  CO INC | COM | 58933Y105 |  | 232738 | 2773 | SH |  | SOLE |  | 2773 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1801597 | 2453 | SH |  | SOLE |  | 1768 | 0 | 685 |
| MICROSOFT CORP | COM | 594918104 |  | 1774445 | 3426 | SH |  | SOLE |  | 2961 | 0 | 465 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2749071 | 14734 | SH |  | SOLE |  | 12470 | 0 | 2264 |
| ORACLE CORP | COM | 68389X105 |  | 223867 | 796 | SH |  | SOLE |  | 796 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 347510 | 1905 | SH |  | SOLE |  | 795 | 0 | 1110 |
| PEPSICO INC | COM | 713448108 |  | 1468530 | 10457 | SH |  | SOLE |  | 10457 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 365386 | 1134 | SH |  | SOLE |  | 764 | 0 | 370 |
| TARGET CORP | COM | 87612E106 |  | 304442 | 3394 | SH |  | SOLE |  | 2377 | 0 | 1017 |
| TESLA INC | COM | 88160R101 |  | 478519 | 1076 | SH |  | SOLE |  | 1076 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 224202 | 553 | SH |  | SOLE |  | 553 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 4015656 | 40233 | SH |  | SOLE |  | 40233 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 3514160 | 54064 | SH |  | SOLE |  | 54064 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | CEF INM COMPSI | 46138E404 |  | 1086025 | 54383 | SH |  | SOLE |  | 54383 | 0 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 1246436 | 34102 | SH |  | SOLE |  | 34102 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3783022 | 138572 | SH |  | SOLE |  | 138572 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 1947949 | 21897 | SH |  | SOLE |  | 21897 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 686771 | 10173 | SH |  | SOLE |  | 9073 | 0 | 1100 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3305296 | 5505 | SH |  | SOLE |  | 5505 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 577120 | 7854 | SH |  | SOLE |  | 7854 | 0 | 0 |
| ISHARES TR | MRNING SM CP ETF | 464288703 |  | 895777 | 13442 | SH |  | SOLE |  | 13442 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2281408 | 88736 | SH |  | SOLE |  | 88736 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 361369 | 2871 | SH |  | SOLE |  | 2871 | 0 | 0 |
| WISDOMTREE TR | US TOTAL DIVIDND | 97717W109 |  | 972138 | 11573 | SH |  | SOLE |  | 11573 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 644501 | 4425 | SH |  | SOLE |  | 4425 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1155085 | 15724 | SH |  | SOLE |  | 15724 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 JUN | 00888H745 |  | 392914 | 11050 | SH |  | SOLE |  | 9050 | 0 | 2000 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 502000 | 3825 | SH |  | SOLE |  | 3825 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2260053 | 3027 | SH |  | SOLE |  | 3027 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2936797 | 4796 | SH |  | SOLE |  | 4756 | 0 | 40 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1974114 | 22097 | SH |  | SOLE |  | 21397 | 0 | 700 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 242312 | 5220 | SH |  | SOLE |  | 3620 | 0 | 1600 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 296192 | 5585 | SH |  | SOLE |  | 4785 | 0 | 800 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 281819 | 2025 | SH |  | SOLE |  | 1825 | 0 | 200 |
| FS KKR CAP CORP | COM | 302635206 |  | 187670 | 12570 | SH |  | SOLE |  | 12570 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 221408 | 2898 | SH |  | SOLE |  | 2898 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHRT | 61774R858 |  | 929416 | 18428 | SH |  | SOLE |  | 18428 | 0 | 0 |
| DOUBLELINE ETF TRUST | OPPORTUNISTIC CO | 25861R105 |  | 566503 | 12175 | SH |  | SOLE |  | 6975 | 0 | 5200 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 455202 | 8550 | SH |  | SOLE |  | 7150 | 0 | 1400 |
| SIMPLIFY EXCHANGE TRADED FUN | ENHANCED INM ETF | 82889N632 |  | 260917 | 11300 | SH |  | SOLE |  | 8500 | 0 | 2800 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 455293 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 703028 | 3706 | SH |  | SOLE |  | 2436 | 0 | 1270 |
| ISHARES TR | LARGE CAP MAX BU | 46438G612 |  | 1914365 | 68250 | SH |  | SOLE |  | 44100 | 0 | 24150 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2934111 | 4384 | SH |  | SOLE |  | 4384 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 223451 | 2444 | SH |  | SOLE |  | 1799 | 0 | 645 |
| NORTHERN LTS FD TR III | HCM DEFND 100 | 66538R748 |  | 1862542 | 24403 | SH |  | SOLE |  | 24403 | 0 | 0 |
| NORTHERN LTS FD TR III | HCM DEFEN 500 | 66538R730 |  | 1644868 | 27235 | SH |  | SOLE |  | 27235 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 346244 | 5696 | SH |  | SOLE |  | 5696 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 260914 | 1390 | SH |  | SOLE |  | 1390 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 242922 | 613 | SH |  | SOLE |  | 613 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 251680 | 1442 | SH |  | SOLE |  | 1442 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 617088 | 6590 | SH |  | SOLE |  | 6590 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 409693 | 6819 | SH |  | SOLE |  | 6819 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 297726 | 3900 | SH |  | SOLE |  | 3475 | 0 | 425 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 530420 | 8128 | SH |  | SOLE |  | 8128 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 511573 | 7030 | SH |  | SOLE |  | 7030 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 364752 | 13848 | SH |  | SOLE |  | 13848 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 JAN | 00888H703 |  | 482291 | 12125 | SH |  | SOLE |  | 2550 | 0 | 9575 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 253915 | 2016 | SH |  | SOLE |  | 2016 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 APR | 00888H109 |  | 306321 | 7525 | SH |  | SOLE |  | 7525 | 0 | 0 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 OCT | 00888H604 |  | 564649 | 13250 | SH |  | SOLE |  | 10250 | 0 | 3000 |
| AIM ETF PRODUCTS TRUST | US LRGCP B20 OCT | 00888H505 |  | 287479 | 7500 | SH |  | SOLE |  | 5000 | 0 | 2500 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 213180 | 11000 | SH |  | SOLE |  | 5000 | 0 | 6000 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 205645 | 1516 | SH |  | SOLE |  | 1516 | 0 | 0 |
| SILA REALTY TRUST INC | COMMON STOCK | 146280508 |  | 282275 | 11246 | SH |  | SOLE |  | 11246 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 543869 | 1530 | SH |  | SOLE |  | 1530 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 202647 | 4057 | SH |  | SOLE |  | 4057 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 757451 | 4252 | SH |  | SOLE |  | 4252 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 361504 | 4027 | SH |  | SOLE |  | 4027 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 |  | 207527 | 4717 | SH |  | SOLE |  | 4717 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 276089 | 10450 | SH |  | SOLE |  | 150 | 0 | 10300 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 220401 | 4075 | SH |  | SOLE |  | 4075 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 227167 | 341 | SH |  | SOLE |  | 341 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 643024 | 53630 | SH |  | SOLE |  | 53630 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 314188 | 1210 | SH |  | SOLE |  | 1210 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 261423 | 6170 | SH |  | SOLE |  | 5445 | 0 | 725 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 979709 | 14566 | SH |  | SOLE |  | 14566 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 311574 | 1645 | SH |  | SOLE |  | 1645 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE FLTG | 61774R833 |  | 289228 | 5823 | SH |  | SOLE |  | 5823 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 292908 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 365151 | 8692 | SH |  | SOLE |  | 8692 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 236626 | 474 | SH |  | SOLE |  | 474 | 0 | 0 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 180641 | 26142 | SH |  | SOLE |  | 26142 | 0 | 0 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 142930 | 11706 | SH |  | SOLE |  | 11706 | 0 | 0 |

---