# EDGAR Filing Document

**Accession Number:** 0001802195
**File Stem:** 0001398344-25-020813
**Filing Date:** 2025-11
**Character Count:** 20034
**Document Hash:** 143ded9de0cfd492398d26817dd2f02b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020813.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001398344-25-020813

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Powell Investment Advisors, LLC
- **CENTRAL INDEX KEY:** 0001802195

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19815
- **FILM NUMBER:** 251474641

**BUSINESS ADDRESS:**
- **STREET 1:** 3444 MAIN HIGHWAY
- **STREET 2:** 2ND FLOOR
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33133
- **BUSINESS PHONE:** 786-470-3480

**MAIL ADDRESS:**
- **STREET 1:** 3444 MAIN HIGHWAY
- **STREET 2:** 2ND FLOOR
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33133

### 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:** Powell Investment Advisors LLC<br>**Address:** 3444 MAIN HIGHWAY<br>2ND FLOOR<br>MIAMI, FL 33133

**Form 13F File Number:** 028-19815

**CRD Number (if applicable):** 000160333

**SEC File Number (if applicable):** 801-74420

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:** Jesse Wachs<br>**Title:** Partner CIO<br>**Phone:** 786-470-3480

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

/s/ Jesse Wachs  Miami, FL  11-12-2025<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:** 167

**Form 13F Information Table Value Total:** $286036105

      (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 |
| AT INC | COM | 00206R102 |  | 504383 | 17861 | SH |  | SOLE |  | 0 | 17861 | 0 |
| ABRDN PRECIOUS METALS BASKET | PHYSCL PRECS MET | 003263100 |  | 836681 | 5057 | SH |  | SOLE |  | 0 | 5057 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 1025266 | 12079 | SH |  | SOLE |  | 0 | 12079 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1291833 | 5314 | SH |  | SOLE |  | 0 | 5314 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 564062 | 2316 | SH |  | SOLE |  | 0 | 2316 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 1114219 | 23742 | SH |  | SOLE |  | 0 | 23742 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 8323899 | 37910 | SH |  | SOLE |  | 0 | 37910 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 754763 | 6709 | SH |  | SOLE |  | 0 | 6709 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 361295 | 2711 | SH |  | SOLE |  | 0 | 2711 | 0 |
| APPLE INC | COM | 037833100 |  | 3503311 | 13758 | SH |  | SOLE |  | 0 | 13758 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 257153 | 1256 | SH |  | SOLE |  | 0 | 1256 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 250390 | 1544 | SH |  | SOLE |  | 0 | 1544 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 25600 | 20 | SH |  | SOLE |  | 0 | 20 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 316659 | 6138 | SH |  | SOLE |  | 0 | 6138 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 1 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2591625 | 5155 | SH |  | SOLE |  | 0 | 5155 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 825436 | 708 | SH |  | SOLE |  | 0 | 708 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1131369 | 6622 | SH |  | SOLE |  | 0 | 6622 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 390250 | 8653 | SH |  | SOLE |  | 0 | 8653 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 341127 | 1034 | SH |  | SOLE |  | 0 | 1034 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1659567 | 24199 | SH |  | SOLE |  | 0 | 24199 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 625555 | 3500 | SH |  | SOLE |  | 0 | 3500 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 437606 | 365 | SH |  | SOLE |  | 0 | 365 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6752342 | 36188 | SH |  | SOLE |  | 0 | 36188 | 0 |
| TESLA INC | COM | 88160R101 |  | 5540766 | 12459 | SH |  | SOLE |  | 0 | 12459 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 943402 | 17529 | SH |  | SOLE |  | 0 | 17529 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1463298 | 9423 | SH |  | SOLE |  | 0 | 9423 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 742836 | 10857 | SH |  | SOLE |  | 0 | 10857 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 875742 | 8628 | SH |  | SOLE |  | 0 | 8628 | 0 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 207930 | 14340 | SH |  | SOLE |  | 0 | 14340 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 768876 | 3583 | SH |  | SOLE |  | 0 | 3583 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 670569 | 6671 | SH |  | SOLE |  | 0 | 6671 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1085931 | 3300 | SH |  | SOLE |  | 0 | 3300 | 0 |
| CORNING INC | COM | 219350105 |  | 365198 | 4452 | SH |  | SOLE |  | 0 | 4452 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 305875 | 2148 | SH |  | SOLE |  | 0 | 2148 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 534691 | 15100 | SH |  | SOLE |  | 0 | 15100 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 521129 | 683 | SH |  | SOLE |  | 0 | 683 | 0 |
| ELLINGTON FINANCIAL INC | COM | 28852N109 |  | 278260 | 21225 | SH |  | SOLE |  | 0 | 21225 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 332279 | 6585 | SH |  | SOLE |  | 0 | 6585 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1014998 | 11361 | SH |  | SOLE |  | 0 | 11361 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 271446 | 8681 | SH |  | SOLE |  | 0 | 8681 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 714722 | 6339 | SH |  | SOLE |  | 0 | 6339 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 380409 | 518 | SH |  | SOLE |  | 0 | 518 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 221160 | 2183 | SH |  | SOLE |  | 0 | 2183 | 0 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 2781924 | 59945 | SH |  | SOLE |  | 0 | 59945 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 977109 | 18138 | SH |  | SOLE |  | 0 | 18138 | 0 |
| FORD MTR CO | COM | 345370860 |  | 398245 | 33298 | SH |  | SOLE |  | 0 | 33298 | 0 |
| FRANKLIN TEMPLETON DIGITAL H | BITCOIN ETF SHS | 354921108 |  | 816767 | 12336 | SH |  | SOLE |  | 0 | 12336 | 0 |
| FRANKLIN LTD DURATION INCOME | COM | 35472T101 |  | 378271 | 59383 | SH |  | SOLE |  | 0 | 59383 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 614479 | 12187 | SH |  | SOLE |  | 0 | 12187 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 781440 | 7040 | SH |  | SOLE |  | 0 | 7040 | 0 |
| GLOBAL X FDS | AUTONMOUS EV ETF | 37954Y624 |  | 54071 | 1912 | SH |  | SOLE |  | 0 | 1912 | 0 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X FDS | RBTCS ARTFL INTE | 37954Y715 |  | 191393 | 5402 | SH |  | SOLE |  | 0 | 5402 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 240972 | 5055 | SH |  | SOLE |  | 0 | 5055 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 1035940 | 21750 | SH |  | SOLE |  | 0 | 21750 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 606063 | 4652 | SH |  | SOLE |  | 0 | 4652 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 5199285 | 6529 | SH |  | SOLE |  | 0 | 6529 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 400122 | 1239 | SH |  | SOLE |  | 0 | 1239 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 915729 | 2260 | SH |  | SOLE |  | 0 | 2260 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1292911 | 4582 | SH |  | SOLE |  | 0 | 4582 | 0 |
| INTUIT | COM | 461202103 |  | 357162 | 523 | SH |  | SOLE |  | 0 | 523 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 18686394 | 31089 | SH |  | SOLE |  | 0 | 31089 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 48326 | 501 | SH |  | SOLE |  | 0 | 501 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 5775 | 40 | SH |  | SOLE |  | 0 | 40 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1324115 | 20371 | SH |  | SOLE |  | 0 | 20371 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 80538 | 1958 | SH |  | SOLE |  | 0 | 1958 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 199451 | 298 | SH |  | SOLE |  | 0 | 298 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 775422 | 11882 | SH |  | SOLE |  | 0 | 11882 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 831248 | 6995 | SH |  | SOLE |  | 0 | 6995 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 350297 | 11117 | SH |  | SOLE |  | 0 | 11117 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 221556 | 4337 | SH |  | SOLE |  | 0 | 4337 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 3514157 | 29282 | SH |  | SOLE |  | 0 | 29282 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 59787 | 1432 | SH |  | SOLE |  | 0 | 1432 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 73 | 1 | SH |  | SOLE |  | 0 | 1 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 119869 | 1075 | SH |  | SOLE |  | 0 | 1075 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 6693364 | 71686 | SH |  | SOLE |  | 0 | 71686 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 53600 | 790 | SH |  | SOLE |  | 0 | 790 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 534907 | 10017 | SH |  | SOLE |  | 0 | 10017 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 292288 | 624 | SH |  | SOLE |  | 0 | 624 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 20155978 | 113998 | SH |  | SOLE |  | 0 | 113998 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 19403195 | 60627 | SH |  | SOLE |  | 0 | 60627 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1866744 | 7715 | SH |  | SOLE |  | 0 | 7715 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 7479030 | 52518 | SH |  | SOLE |  | 0 | 52518 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 7367611 | 52750 | SH |  | SOLE |  | 0 | 52750 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 35053458 | 290370 | SH |  | SOLE |  | 0 | 290370 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 32215512 | 156000 | SH |  | SOLE |  | 0 | 156000 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 58944 | 533 | SH |  | SOLE |  | 0 | 533 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 56600 | 400 | SH |  | SOLE |  | 0 | 400 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 13580537 | 95570 | SH |  | SOLE |  | 0 | 95570 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 171279 | 1540 | SH |  | SOLE |  | 0 | 1540 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 467102 | 2385 | SH |  | SOLE |  | 0 | 2385 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1739901 | 55025 | SH |  | SOLE |  | 0 | 55025 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 595345 | 2845 | SH |  | SOLE |  | 0 | 2845 | 0 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 |  | 86186 | 1745 | SH |  | SOLE |  | 0 | 1745 | 0 |
| HANCOCK JOHN TAX-ADVANTAGED | COM | 41013V100 |  | 250480 | 10100 | SH |  | SOLE |  | 0 | 10100 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 427579 | 2306 | SH |  | SOLE |  | 0 | 2306 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3107932 | 9853 | SH |  | SOLE |  | 0 | 9853 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 464194 | 3460 | SH |  | SOLE |  | 0 | 3460 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 543300 | 4438 | SH |  | SOLE |  | 0 | 4438 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 679608 | 5392 | SH |  | SOLE |  | 0 | 5392 | 0 |
| LIGHTBRIDGE CORP | COM | 53224K302 |  | 247097 | 11650 | SH |  | SOLE |  | 0 | 11650 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 961978 | 1927 | SH |  | SOLE |  | 0 | 1927 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 475409 | 2359 | SH |  | SOLE |  | 0 | 2359 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 488678 | 1608 | SH |  | SOLE |  | 0 | 1608 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 348197 | 4109 | SH |  | SOLE |  | 0 | 4109 | 0 |
| METLIFE INC | COM | 59156R108 |  | 285989 | 3472 | SH |  | SOLE |  | 0 | 3472 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2100970 | 4056 | SH |  | SOLE |  | 0 | 4056 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 385685 | 1197 | SH |  | SOLE |  | 0 | 1197 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 338877 | 7489 | SH |  | SOLE |  | 0 | 7489 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 723355 | 4551 | SH |  | SOLE |  | 0 | 4551 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 208990 | 3116 | SH |  | SOLE |  | 0 | 3116 | 0 |
| NANO NUCLEAR ENERGY INC | COM | 63010H108 |  | 1488956 | 38614 | SH |  | SOLE |  | 0 | 38614 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 534469 | 7080 | SH |  | SOLE |  | 0 | 7080 | 0 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 161827 | 12803 | SH |  | SOLE |  | 0 | 12803 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 155325 | 12558 | SH |  | SOLE |  | 0 | 12558 | 0 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 96115 | 11627 | SH |  | SOLE |  | 0 | 11627 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 751828 | 6735 | SH |  | SOLE |  | 0 | 6735 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 282421 | 2228 | SH |  | SOLE |  | 0 | 2228 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 581811 | 3587 | SH |  | SOLE |  | 0 | 3587 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 789913 | 7845 | SH |  | SOLE |  | 0 | 7845 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | RANGE NUCLEAR RE | 301505475 |  | 360969 | 5550 | SH |  | SOLE |  | 0 | 5550 | 0 |
| RECURSION PHARMACEUTICALS IN | CL A | 75629V104 |  | 56642 | 11607 | SH |  | SOLE |  | 0 | 11607 | 0 |
| RIVERNORTH DOUBLELINE STRATE | COM | 76882G107 |  | 208523 | 24446 | SH |  | SOLE |  | 0 | 24446 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 43204 | 659 | SH |  | SOLE |  | 0 | 659 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 257075 | 9539 | SH |  | SOLE |  | 0 | 9539 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1079350 | 6039 | SH |  | SOLE |  | 0 | 6039 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 890850 | 10215 | SH |  | SOLE |  | 0 | 10215 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 369032 | 401 | SH |  | SOLE |  | 0 | 401 | 0 |
| SHARPLINK GAMING INC | COM NEW | 820014405 |  | 183368 | 10780 | SH |  | SOLE |  | 0 | 10780 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 549114 | 3695 | SH |  | SOLE |  | 0 | 3695 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 407794 | 1808 | SH |  | SOLE |  | 0 | 1808 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 883981 | 20515 | SH |  | SOLE |  | 0 | 20515 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1169546 | 9637 | SH |  | SOLE |  | 0 | 9637 | 0 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 2762887 | 30529 | SH |  | SOLE |  | 0 | 30529 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 212571 | 598 | SH |  | SOLE |  | 0 | 598 | 0 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 21237 | 788 | SH |  | SOLE |  | 0 | 788 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2188004 | 3275 | SH |  | SOLE |  | 0 | 3275 | 0 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 765970 | 3260 | SH |  | SOLE |  | 0 | 3260 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 425349 | 4245 | SH |  | SOLE |  | 0 | 4245 | 0 |
| BLOCK INC | CL A | 852234103 |  | 402038 | 5563 | SH |  | SOLE |  | 0 | 5563 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 210371 | 1145 | SH |  | SOLE |  | 0 | 1145 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 407542 | 779 | SH |  | SOLE |  | 0 | 779 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 575574 | 5875 | SH |  | SOLE |  | 0 | 5875 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 153623 | 11516 | SH |  | SOLE |  | 0 | 11516 | 0 |
| VANECK ETF TRUST | ISRAEL ETF | 92189F635 |  | 95541 | 1750 | SH |  | SOLE |  | 0 | 1750 | 0 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 946146 | 53244 | SH |  | SOLE |  | 0 | 53244 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 58745 | 180 | SH |  | SOLE |  | 0 | 180 | 0 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 447238 | 3297 | SH |  | SOLE |  | 0 | 3297 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2550849 | 47081 | SH |  | SOLE |  | 0 | 47081 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 202373 | 2536 | SH |  | SOLE |  | 0 | 2536 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2360535 | 4917 | SH |  | SOLE |  | 0 | 4917 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 70157 | 227 | SH |  | SOLE |  | 0 | 227 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 620518 | 2109 | SH |  | SOLE |  | 0 | 2109 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000GRW | 92206C623 |  | 144943 | 620 | SH |  | SOLE |  | 0 | 620 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 255352 | 416 | SH |  | SOLE |  | 0 | 416 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 153080 | 1820 | SH |  | SOLE |  | 0 | 1820 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1525464 | 19085 | SH |  | SOLE |  | 0 | 19085 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 182373 | 973 | SH |  | SOLE |  | 0 | 973 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 207411 | 4719 | SH |  | SOLE |  | 0 | 4719 | 0 |
| WALMART INC | COM | 931142103 |  | 309798 | 3006 | SH |  | SOLE |  | 0 | 3006 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 283041 | 8310 | SH |  | SOLE |  | 0 | 8310 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 315124 | 1427 | SH |  | SOLE |  | 0 | 1427 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 236121 | 2817 | SH |  | SOLE |  | 0 | 2817 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 123429 | 100 | SH |  | SOLE |  | 0 | 100 | 0 |
| WHITEHORSE FIN INC | COM | 96524V106 |  | 80793 | 11060 | SH |  | SOLE |  | 0 | 11060 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 392897 | 6202 | SH |  | SOLE |  | 0 | 6202 | 0 |

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