# EDGAR Filing Document

**Accession Number:** 0002043591
**File Stem:** 0002043591-25-000005
**Filing Date:** 2025-10
**Character Count:** 21832
**Document Hash:** 59ea341aaaacb04ba3839cc4e46b0b57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002043591-25-000005.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0002043591-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**EFFECTIVENESS DATE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carnegie Lake Advisors LLC
- **CENTRAL INDEX KEY:** 0002043591

**ORGANIZATION NAME:**
- **EIN:** 991502187
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24417
- **FILM NUMBER:** 251403059

**BUSINESS ADDRESS:**
- **STREET 1:** 100 OVERLOOK CENTER
- **STREET 2:** 2ND FLOOR
- **CITY:** PRINCETON
- **STATE:** NJ
- **ZIP:** 08540
- **BUSINESS PHONE:** 2012406443

**MAIL ADDRESS:**
- **STREET 1:** 100 OVERLOOK CENTER
- **STREET 2:** 2ND FLOOR
- **CITY:** PRINCETON
- **STATE:** NJ
- **ZIP:** 08540

### 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:** Carnegie Lake Advisors LLC<br>**Address:** 100 OVERLOOK CENTER<br>2ND FLOOR<br>PRINCETON, NJ 08540

**Form 13F File Number:** 028-24417

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:** Ashleigh Swayze<br>**Title:** Counsel<br>**Phone:** 6463953900

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

/s/Ashleigh Swayze  PRINCETON, NJ  10-20-2025<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:** 166

**Form 13F Information Table Value Total:** $259864622

      (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 |
| ABRDN GLOBAL PREMIER PPTYS F | COM SH BEN INT | 00302L108 | BBG001SSZNJ6 | 151604 | 38187 | SH |  | SOLE |  | 0 | 0 | 38187 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 305768 | 1814 | SH |  | SOLE |  | 0 | 0 | 1814 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3047259 | 12535 | SH |  | SOLE |  | 0 | 0 | 12535 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 6818669 | 27997 | SH |  | SOLE |  | 0 | 0 | 27997 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 3197818 | 14564 | SH |  | SOLE |  | 0 | 0 | 14564 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 | BBG001SMQ866 | 1089360 | 89000 | SH |  | SOLE |  | 0 | 0 | 89000 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 6587959 | 23345 | SH |  | SOLE |  | 0 | 0 | 23345 |
| APA CORPORATION | COM | 03743Q108 | BBG00YTS96H1 | 559654 | 23050 | SH |  | SOLE |  | 0 | 0 | 23050 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 12674466 | 49776 | SH |  | SOLE |  | 0 | 0 | 49776 |
| ARAMARK | COM | 03852U106 | BBG001V0NR70 | 1096320 | 28550 | SH |  | SOLE |  | 0 | 0 | 28550 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 1350451 | 66166 | SH |  | SOLE |  | 0 | 0 | 66166 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 749772 | 26550 | SH |  | SOLE |  | 0 | 0 | 26550 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 1436389 | 4894 | SH |  | SOLE |  | 0 | 0 | 4894 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 1836223 | 428 | SH |  | SOLE |  | 0 | 0 | 428 |
| AVANTOR INC | COM | 05352A100 | BBG00G2HHYF5 | 495456 | 39700 | SH |  | SOLE |  | 0 | 0 | 39700 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 2427777 | 47059 | SH |  | SOLE |  | 0 | 0 | 47059 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 1404276 | 12888 | SH |  | SOLE |  | 0 | 0 | 12888 |
| BAXTER INTL INC | COM | 071813109 | BBG001S5P1K3 | 340413 | 14950 | SH |  | SOLE |  | 0 | 0 | 14950 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 266718 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 12762064 | 25385 | SH |  | SOLE |  | 0 | 0 | 25385 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 | BBG001S5P5K4 | 323350 | 5800 | SH |  | SOLE |  | 0 | 0 | 5800 |
| BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 | BBG001S5PKX7 | 136924 | 11814 | SH |  | SOLE |  | 0 | 0 | 11814 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 1461624 | 8555 | SH |  | SOLE |  | 0 | 0 | 8555 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 1366420 | 6331 | SH |  | SOLE |  | 0 | 0 | 6331 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1031303 | 22867 | SH |  | SOLE |  | 0 | 0 | 22867 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2454531 | 7440 | SH |  | SOLE |  | 0 | 0 | 7440 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 | BBG019Z17GF9 | 700418 | 12301 | SH |  | SOLE |  | 0 | 0 | 12301 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 3160852 | 46090 | SH |  | SOLE |  | 0 | 0 | 46090 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 | BBG001S9CFC7 | 1642212 | 13544 | SH |  | SOLE |  | 0 | 0 | 13544 |
| CAMPING WORLD HLDGS INC | CL A | 13462K109 | BBG00D2Z7X92 | 874420 | 55378 | SH |  | SOLE |  | 0 | 0 | 55378 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 | BBG015H8BXT5 | 298196 | 7095 | SH |  | SOLE |  | 0 | 0 | 7095 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 | BBG015DMY5P8 | 786871 | 17916 | SH |  | SOLE |  | 0 | 0 | 17916 |
| CARLYLE GROUP INC | COM | 14316J108 | BBG001S7JM84 | 229796 | 3665 | SH |  | SOLE |  | 0 | 0 | 3665 |
| CHEMOURS CO | COM | 163851108 | BBG005H82GC1 | 494145 | 31196 | SH |  | SOLE |  | 0 | 0 | 31196 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2867277 | 18464 | SH |  | SOLE |  | 0 | 0 | 18464 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 952603 | 3375 | SH |  | SOLE |  | 0 | 0 | 3375 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 3778360 | 55223 | SH |  | SOLE |  | 0 | 0 | 55223 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 1126957 | 11103 | SH |  | SOLE |  | 0 | 0 | 11103 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 146400 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| CNX RES CORP | COM | 12653C108 | BBG001SC7TN4 | 4019015 | 125125 | SH |  | SOLE |  | 0 | 0 | 125125 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 2094386 | 31580 | SH |  | SOLE |  | 0 | 0 | 31580 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 329783 | 10496 | SH |  | SOLE |  | 0 | 0 | 10496 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 5546375 | 5992 | SH |  | SOLE |  | 0 | 0 | 5992 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 3488247 | 30465 | SH |  | SOLE |  | 0 | 0 | 30465 |
| EASTERLY GOVT PPTYS INC | COM SHS | 27616P301 | BBG007SV91T2 | 299558 | 13064 | SH |  | SOLE |  | 0 | 0 | 13064 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 283073 | 371 | SH |  | SOLE |  | 0 | 0 | 371 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 1435186 | 28442 | SH |  | SOLE |  | 0 | 0 | 28442 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 250160 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 919160 | 8198 | SH |  | SOLE |  | 0 | 0 | 8198 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 630047 | 5588 | SH |  | SOLE |  | 0 | 0 | 5588 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 2291839 | 10205 | SH |  | SOLE |  | 0 | 0 | 10205 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 | BBG001VDB5R1 | 1039066 | 7730 | SH |  | SOLE |  | 0 | 0 | 7730 |
| FRANCO NEV CORP | COM | 351858105 | BBG001STGSR5 | 557275 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 | BBG01BG24837 | 149691 | 21663 | SH |  | SOLE |  | 0 | 0 | 21663 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZQ07 | 869674 | 58250 | SH |  | SOLE |  | 0 | 0 | 58250 |
| GABELLI CONV  INC SECS FD I | COM | 36240B109 | BBG001S8GK34 | 80535 | 19500 | SH |  | SOLE |  | 0 | 0 | 19500 |
| GAMCO GLOBAL GOLD NAT RES | COM SH BEN INT | 36465A109 | BBG001SMK666 | 556647 | 107981 | SH |  | SOLE |  | 0 | 0 | 107981 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 | BBG003MSMCT5 | 350067 | 7511 | SH |  | SOLE |  | 0 | 0 | 7511 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 1515832 | 5039 | SH |  | SOLE |  | 0 | 0 | 5039 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | BBG01BFR8YW0 | 267283 | 3559 | SH |  | SOLE |  | 0 | 0 | 3559 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 777233 | 1264 | SH |  | SOLE |  | 0 | 0 | 1264 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 | BBG001S90195 | 1404151 | 71750 | SH |  | SOLE |  | 0 | 0 | 71750 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | BBG0078W3NP4 | 206304 | 8400 | SH |  | SOLE |  | 0 | 0 | 8400 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 5810200 | 14339 | SH |  | SOLE |  | 0 | 0 | 14339 |
| HP INC | COM | 40434L105 | BBG001S6W7N7 | 228732 | 8400 | SH |  | SOLE |  | 0 | 0 | 8400 |
| INGREDION INC | COM | 457187102 | BBG001SBH4X9 | 3574779 | 29275 | SH |  | SOLE |  | 0 | 0 | 29275 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 877268 | 26148 | SH |  | SOLE |  | 0 | 0 | 26148 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 1128640 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 4058612 | 9075 | SH |  | SOLE |  | 0 | 0 | 9075 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 147552 | 12720 | SH |  | SOLE |  | 0 | 0 | 12720 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 300185 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| INVITATION HOMES INC | COM | 46187W107 | BBG00FQH6CJ7 | 990654 | 33776 | SH |  | SOLE |  | 0 | 0 | 33776 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 295836 | 442 | SH |  | SOLE |  | 0 | 0 | 442 |
| J P MORGAN EXCHANGE TRADED F | EQUITY FOCUS ETF | 46654Q781 | BBG01H4ZM978 | 235607 | 3180 | SH |  | SOLE |  | 0 | 0 | 3180 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 863754 | 15127 | SH |  | SOLE |  | 0 | 0 | 15127 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 | BBG016NKZFF7 | 457586 | 7955 | SH |  | SOLE |  | 0 | 0 | 7955 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2692113 | 14519 | SH |  | SOLE |  | 0 | 0 | 14519 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 6532242 | 20709 | SH |  | SOLE |  | 0 | 0 | 20709 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 1696056 | 59910 | SH |  | SOLE |  | 0 | 0 | 59910 |
| KKR INCOME OPPORTUNITIES FD | COM | 48249T106 | BBG004NRD5Z2 | 603842 | 47924 | SH |  | SOLE |  | 0 | 0 | 47924 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 | BBG006GNSZX4 | 863192 | 13585 | SH |  | SOLE |  | 0 | 0 | 13585 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 | BBG00JKWJ004 | 714252 | 84627 | SH |  | SOLE |  | 0 | 0 | 84627 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 673934 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 259475 | 1313 | SH |  | SOLE |  | 0 | 0 | 1313 |
| MARKEL GROUP INC | COM | 570535104 | BBG001S9ZK95 | 382272 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1899012 | 6249 | SH |  | SOLE |  | 0 | 0 | 6249 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 | BBG001S7WM61 | 68445 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1072021 | 11256 | SH |  | SOLE |  | 0 | 0 | 11256 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 741270 | 8832 | SH |  | SOLE |  | 0 | 0 | 8832 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1112588 | 1515 | SH |  | SOLE |  | 0 | 0 | 1515 |
| MGIC INVT CORP WIS | COM | 552848103 | BBG001S6SFR0 | 768233 | 27079 | SH |  | SOLE |  | 0 | 0 | 27079 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 14828392 | 28629 | SH |  | SOLE |  | 0 | 0 | 28629 |
| MOHAWK INDS INC | COM | 608190104 | BBG001SBGSZ5 | 947562 | 7350 | SH |  | SOLE |  | 0 | 0 | 7350 |
| NEW GOLD INC CDA | COM | 644535106 | BBG001S5YM54 | 181295 | 25250 | SH |  | SOLE |  | 0 | 0 | 25250 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 250991 | 2977 | SH |  | SOLE |  | 0 | 0 | 2977 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 2735858 | 39235 | SH |  | SOLE |  | 0 | 0 | 39235 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 1118124 | 20150 | SH |  | SOLE |  | 0 | 0 | 20150 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1076194 | 5768 | SH |  | SOLE |  | 0 | 0 | 5768 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 | BBG001SR03L7 | 1721614 | 131924 | SH |  | SOLE |  | 0 | 0 | 131924 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 254519 | 3488 | SH |  | SOLE |  | 0 | 0 | 3488 |
| ORION S.A. | COM | L72967109 | BBG006MC4LQ6 | 1493685 | 197056 | SH |  | SOLE |  | 0 | 0 | 197056 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 | BBG009BJW8D9 | 431125 | 7873 | SH |  | SOLE |  | 0 | 0 | 7873 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 | BBG00GXXR1G6 | 388415 | 8872 | SH |  | SOLE |  | 0 | 0 | 8872 |
| PAN AMERN SILVER CORP | COM | 697900108 | BBG001S5ZXR5 | 223045 | 5759 | SH |  | SOLE |  | 0 | 0 | 5759 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 6357850 | 8386 | SH |  | SOLE |  | 0 | 0 | 8386 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 1639497 | 11674 | SH |  | SOLE |  | 0 | 0 | 11674 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1584804 | 62198 | SH |  | SOLE |  | 0 | 0 | 62198 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 | BBG001SH44F0 | 1202698 | 19274 | SH |  | SOLE |  | 0 | 0 | 19274 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 1029992 | 10035 | SH |  | SOLE |  | 0 | 0 | 10035 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1743774 | 11349 | SH |  | SOLE |  | 0 | 0 | 11349 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 2705981 | 26254 | SH |  | SOLE |  | 0 | 0 | 26254 |
| PROSPECT CAP CORP | COM | 74348T102 | BBG001SM4WF7 | 30251 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 | BBG001SKM445 | 2071771 | 107457 | SH |  | SOLE |  | 0 | 0 | 107457 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 257557 | 3086 | SH |  | SOLE |  | 0 | 0 | 3086 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 | BBG001SBVF13 | 1137996 | 28723 | SH |  | SOLE |  | 0 | 0 | 28723 |
| REPUBLIC SVCS INC | COM | 760759100 | BBG001S9DL33 | 1055608 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 | BBG003T1GM12 | 361918 | 31775 | SH |  | SOLE |  | 0 | 0 | 31775 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 366307 | 1048 | SH |  | SOLE |  | 0 | 0 | 1048 |
| RXSIGHT INC | COM | 78349D107 | BBG00THX1YQ1 | 1747162 | 194345 | SH |  | SOLE |  | 0 | 0 | 194345 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 769302 | 3246 | SH |  | SOLE |  | 0 | 0 | 3246 |
| SEALED AIR CORP NEW | COM | 81211K100 | BBG001SBSZ95 | 936638 | 26496 | SH |  | SOLE |  | 0 | 0 | 26496 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 714154 | 13257 | SH |  | SOLE |  | 0 | 0 | 13257 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 887150 | 964 | SH |  | SOLE |  | 0 | 0 | 964 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 | BBG00YB1ZF08 | 571993 | 21650 | SH |  | SOLE |  | 0 | 0 | 21650 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 458998 | 689 | SH |  | SOLE |  | 0 | 0 | 689 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 | BBG001T66XM9 | 302124 | 10200 | SH |  | SOLE |  | 0 | 0 | 10200 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 | BBG001T96GD0 | 985176 | 62750 | SH |  | SOLE |  | 0 | 0 | 62750 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 | BBG001SKK3J3 | 216921 | 11945 | SH |  | SOLE |  | 0 | 0 | 11945 |
| STARWOOD PPTY TR INC | COM | 85571B105 | BBG001T4JCN5 | 1460872 | 75419 | SH |  | SOLE |  | 0 | 0 | 75419 |
| STATE STR CORP | COM | 857477103 | BBG001S5RLD5 | 485503 | 4185 | SH |  | SOLE |  | 0 | 0 | 4185 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 10093469 | 27304 | SH |  | SOLE |  | 0 | 0 | 27304 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 261677 | 3683 | SH |  | SOLE |  | 0 | 0 | 3683 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 629901 | 7650 | SH |  | SOLE |  | 0 | 0 | 7650 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 245040 | 551 | SH |  | SOLE |  | 0 | 0 | 551 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 | BBG001S62NT9 | 2052320 | 101600 | SH |  | SOLE |  | 0 | 0 | 101600 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG001S60L15 | 583556 | 7299 | SH |  | SOLE |  | 0 | 0 | 7299 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 | BBG001SN4127 | 322261 | 5417 | SH |  | SOLE |  | 0 | 0 | 5417 |
| U HAUL HOLDING COMPANY | COM | 023586100 | BBG001S6VFM1 | 432035 | 7570 | SH |  | SOLE |  | 0 | 0 | 7570 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 | BBG01B6SGC20 | 1470006 | 28880 | SH |  | SOLE |  | 0 | 0 | 28880 |
| UMH PPTYS INC | COM | 903002103 | BBG001S7JRQ3 | 475883 | 32046 | SH |  | SOLE |  | 0 | 0 | 32046 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 382683 | 1619 | SH |  | SOLE |  | 0 | 0 | 1619 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 928439 | 11115 | SH |  | SOLE |  | 0 | 0 | 11115 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 8448110 | 24466 | SH |  | SOLE |  | 0 | 0 | 24466 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 274137 | 25862 | SH |  | SOLE |  | 0 | 0 | 25862 |
| VALMONT INDS INC | COM | 920253101 | BBG001S5X650 | 348957 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 985560 | 12900 | SH |  | SOLE |  | 0 | 0 | 12900 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 645735 | 1346 | SH |  | SOLE |  | 0 | 0 | 1346 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 380894 | 1825 | SH |  | SOLE |  | 0 | 0 | 1825 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 866040 | 2639 | SH |  | SOLE |  | 0 | 0 | 2639 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 297079 | 1593 | SH |  | SOLE |  | 0 | 0 | 1593 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 540968 | 3838 | SH |  | SOLE |  | 0 | 0 | 3838 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 538080 | 12243 | SH |  | SOLE |  | 0 | 0 | 12243 |
| VESTIS CORPORATION | COM SHS | 29430C102 | BBG001SGVMS8 | 62639 | 13825 | SH |  | SOLE |  | 0 | 0 | 13825 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 253896 | 25646 | SH |  | SOLE |  | 0 | 0 | 25646 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 3100148 | 30081 | SH |  | SOLE |  | 0 | 0 | 30081 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 1701033 | 87098 | SH |  | SOLE |  | 0 | 0 | 87098 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 311814 | 1412 | SH |  | SOLE |  | 0 | 0 | 1412 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1084714 | 12941 | SH |  | SOLE |  | 0 | 0 | 12941 |
| WESCO INTL INC | COM | 95082P105 | BBG001SCRP78 | 6602397 | 31217 | SH |  | SOLE |  | 0 | 0 | 31217 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | BBG001S6DSP0 | 399939 | 3576 | SH |  | SOLE |  | 0 | 0 | 3576 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 2169740 | 34250 | SH |  | SOLE |  | 0 | 0 | 34250 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 | BBG00B0FS9V7 | 2428391 | 115035 | SH |  | SOLE |  | 0 | 0 | 115035 |
| WP CAREY INC | COM | 92936U109 | BBG001S67MM3 | 1116622 | 16526 | SH |  | SOLE |  | 0 | 0 | 16526 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 | BBG00HCY3Q76 | 233787 | 2926 | SH |  | SOLE |  | 0 | 0 | 2926 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 391242 | 3972 | SH |  | SOLE |  | 0 | 0 | 3972 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 1232600 | 8424 | SH |  | SOLE |  | 0 | 0 | 8424 |

---