# EDGAR Filing Document

**Accession Number:** 0001829231
**File Stem:** 0001999371-25-011318
**Filing Date:** 2025-8
**Character Count:** 36360
**Document Hash:** 11724206f3f06388980bd82f950e1194
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-011318.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001999371-25-011318

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FWL INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001829231

**ORGANIZATION NAME:**
- **EIN:** 472432324
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20432
- **FILM NUMBER:** 251216158

**BUSINESS ADDRESS:**
- **STREET 1:** 3102 OAK LAWN AVENUE
- **STREET 2:** SUITE 750
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219
- **BUSINESS PHONE:** (214) 445-5900

**MAIL ADDRESS:**
- **STREET 1:** 3102 OAK LAWN AVENUE
- **STREET 2:** SUITE 750
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219

### 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:** FWL INVESTMENT MANAGEMENT LLC<br>**Address:** 3102 Oak Lawn Avenue<br>Suite 750<br>Dallas, TX 75219

**Form 13F File Number:** 028-20432

**CRD Number (if applicable):** 000174119

**SEC File Number (if applicable):** 801-110851

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:** Thayne Gould<br>**Title:** Chief Compliance Officer<br>**Phone:** 610-897-0900

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

/s/ Thayne Gould  Chadds Ford, PA  08-14-2025<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:** 325

**Form 13F Information Table Value Total:** $326767636

      (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 |
| ARM HOLDINGS PLC SPONSORED ADS | ADR | 042068205 |  | 33965 | 210 | SH |  | SOLE |  | 210 | 0 | 0 |
| ASML HOLDING N V N Y REGISTRY SHS | ADR | N07059210 |  | 28049 | 35 | SH |  | SOLE |  | 35 | 0 | 0 |
| ASTRAZENECA PLC SPONSORED ADR | ADR | 046353108 |  | 1118 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | ADR | 05946K101 |  | 10098 | 657 | SH |  | SOLE |  | 657 | 0 | 0 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 1109 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| GOLD FIELDS LTD SPONSORED ADR | ADR | 38059T106 |  | 5918 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| HALEON PLC SPON ADS | ADR | 405552100 |  | 1431 | 138 | SH |  | SOLE |  | 138 | 0 | 0 |
| ICICI BANK LIMITED ADR | ADR | 45104G104 |  | 9225282 | 274236 | SH |  | SOLE |  | 274235 | 0 | 0 |
| INFOSYS LTD SPONSORED ADR | ADR | 456788108 |  | 18586 | 1003 | SH |  | SOLE |  | 1003 | 0 | 0 |
| NATIONAL GRID PLC SPONSORED ADR NE | ADR | 636274409 |  | 7441 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 38444 | 557 | SH |  | SOLE |  | 557 | 0 | 0 |
| SAP SE SPON ADR | ADR | 803054204 |  | 10035 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR | ADR | 86562M209 |  | 11348 | 751 | SH |  | SOLE |  | 751 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 57302 | 253 | SH |  | SOLE |  | 253 | 0 | 0 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767704 |  | 1957 | 32 | SH |  | SOLE |  | 32 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETURN COM SH BEN INT | CEF | 128125101 |  | 2098 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| INDIA FD INC COM | CEF | 454089103 |  | 1901 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 12379416 | 253365 | SH |  | SOLE |  | 253365 | 0 | 0 |
| ALPS/SMITH CORE PLUS BOND ETF | ETF | 00162Q346 |  | 4613 | 178 | SH |  | SOLE |  | 178 | 0 | 0 |
| AMPLIFY CYBERSECURITY ETF | ETF | 032108664 |  | 203658 | 2358 | SH |  | SOLE |  | 2357 | 0 | 0 |
| ANGEL OAK ULTRASHORT INCOME ETF | ETF | 03463K752 |  | 1944 | 38 | SH |  | SOLE |  | 38 | 0 | 0 |
| ARK AUTONOMOUS TECHNOLOGY  ROBOTICS ETF | ETF | 00214Q203 |  | 60992 | 684 | SH |  | SOLE |  | 684 | 0 | 0 |
| ARK GENOMIC REVOLUTION ETF | ETF | 00214Q302 |  | 67328 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| AVANTIS INTERNATIONAL EQUITY ETF | ETF | 025072703 |  | 4370 | 59 | SH |  | SOLE |  | 59 | 0 | 0 |
| AVANTIS U.S. LARGE CAP VALUE ETF | ETF | 025072349 |  | 6071 | 89 | SH |  | SOLE |  | 89 | 0 | 0 |
| COINSHARES VALKYRIE BITCOIN MINERS ETF | ETF | 91917A207 |  | 62758 | 2760 | SH |  | SOLE |  | 2759 | 0 | 0 |
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND | ETF | 81369Y407 |  | 88291 | 406 | SH |  | SOLE |  | 406 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 9329 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| FIDELITY NASDAQ COMPOSITE INDEX ETF | ETF | 315912808 |  | 559579 | 6986 | SH |  | SOLE |  | 6986 | 0 | 0 |
| FIDELITY QUALITY FACTOR ETF | ETF | 316092790 |  | 387352 | 5563 | SH |  | SOLE |  | 5563 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 44 | 1 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST CAPITAL STRENGTH ETF | ETF | 33733E104 |  | 157603 | 1734 | SH |  | SOLE |  | 1734 | 0 | 0 |
| FIRST TRUST CLOUD COMPUTING ETF | ETF | 33734X192 |  | 342439 | 2815 | SH |  | SOLE |  | 2815 | 0 | 0 |
| FIRST TRUST DOW JONES INTERNET INDEX FUND | ETF | 33733E302 |  | 29896 | 111 | SH |  | SOLE |  | 111 | 0 | 0 |
| FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES  INCOME ETF | ETF | 33739P855 |  | 1376870 | 72505 | SH |  | SOLE |  | 72505 | 0 | 0 |
| FIRST TRUST NASDAQ ARTIFICIAL INTELLIGENCE  ROBOTICS ETF | ETF | 33738R720 |  | 725 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| FIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX | ETF | 33737A108 |  | 356924 | 2567 | SH |  | SOLE |  | 2567 | 0 | 0 |
| FIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND | ETF | 337345102 |  | 1660431 | 7802 | SH |  | SOLE |  | 7801 | 0 | 0 |
| FIRST TRUST NATURAL GAS ETF | ETF | 33733E807 |  | 7984 | 345 | SH |  | SOLE |  | 345 | 0 | 0 |
| FIRST TRUST SMID CAP RISING DIVIDEND ACHIEVERS ETF | ETF | 33741X102 |  | 57259 | 1623 | SH |  | SOLE |  | 1623 | 0 | 0 |
| FRANKLIN INTERNATIONAL AGGREGATE BOND ETF | ETF | 35473P611 |  | 970 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| FT VEST U.S. EQUITY ENHANCE  MODERATE BUFFER ETF - DECEMBER | ETF | 33740U786 |  | 5825 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| GLOBAL X CLOUD COMPUTING ETF | ETF | 37954Y442 |  | 6532 | 280 | SH |  | SOLE |  | 280 | 0 | 0 |
| GLOBAL X COPPER MINERS ETF | ETF | 37954Y830 |  | 139331 | 3096 | SH |  | SOLE |  | 3096 | 0 | 0 |
| GLOBAL X MLP  ENERGY INFRASTRUCTURE ETF | ETF | 37954Y293 |  | 97123 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| GLOBAL X MLP ETF | ETF | 37954Y343 |  | 286245 | 5702 | SH |  | SOLE |  | 5702 | 0 | 0 |
| GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF | ETF | 37954Y673 |  | 169566 | 3891 | SH |  | SOLE |  | 3890 | 0 | 0 |
| GLOBAL X URANIUM ETF | ETF | 37954Y871 |  | 835540 | 21529 | SH |  | SOLE |  | 21529 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | ETF | 389637109 |  | 12725 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| HEALTH CARE SELECT SECTOR SPDR FUND | ETF | 81369Y209 |  | 4044 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF | ETF | 46138E842 |  | 28203 | 332 | SH |  | SOLE |  | 332 | 0 | 0 |
| INVESCO NASDAQ 100 ETF | ETF | 46138G649 |  | 927310 | 4083 | SH |  | SOLE |  | 4083 | 0 | 0 |
| INVESCO PHLX SEMICONDUCTOR ETF | ETF | 46138G615 |  | 134749 | 3086 | SH |  | SOLE |  | 3086 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 2738415 | 4964 | SH |  | SOLE |  | 4964 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 8178 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT TECHNOLOGY ETF | ETF | 46137V282 |  | 40780 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| INVESCO S 500 QUALITY ETF | ETF | 46137V241 |  | 4434 | 62 | SH |  | SOLE |  | 62 | 0 | 0 |
| ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF | ETF | 46434V407 |  | 93010 | 2156 | SH |  | SOLE |  | 2156 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 1018184 | 12288 | SH |  | SOLE |  | 12288 | 0 | 0 |
| ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288646 |  | 12135 | 230 | SH |  | SOLE |  | 230 | 0 | 0 |
| ISHARES 20 YEAR TREASURY BOND ETF | ETF | 464287432 |  | 60893 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | ETF | 464287440 |  | 295450 | 3085 | SH |  | SOLE |  | 3085 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 7085 | 56 | SH |  | SOLE |  | 56 | 0 | 0 |
| ISHARES CORE DIVIDEND GROWTH ETF | ETF | 46434V621 |  | 315480 | 4934 | SH |  | SOLE |  | 4934 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 1240665 | 1998 | SH |  | SOLE |  | 1998 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 41243 | 665 | SH |  | SOLE |  | 665 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 71694 | 656 | SH |  | SOLE |  | 656 | 0 | 0 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 5414 | 36 | SH |  | SOLE |  | 36 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 199639 | 2012 | SH |  | SOLE |  | 2012 | 0 | 0 |
| ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | ETF | 464287515 |  | 44786 | 409 | SH |  | SOLE |  | 409 | 0 | 0 |
| ISHARES GLOBAL CLEAN ENERGY ETF | ETF | 464288224 |  | 34217 | 2610 | SH |  | SOLE |  | 2610 | 0 | 0 |
| ISHARES GOLD TRUST | ETF | 464285204 |  | 1572470 | 25216 | SH |  | SOLE |  | 25216 | 0 | 0 |
| ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464287242 |  | 41981 | 383 | SH |  | SOLE |  | 383 | 0 | 0 |
| ISHARES MBS ETF | ETF | 464288588 |  | 98209 | 1046 | SH |  | SOLE |  | 1046 | 0 | 0 |
| ISHARES MORTGAGE REAL ESTATE ETF | ETF | 46435G342 |  | 300614 | 14061 | SH |  | SOLE |  | 14060 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 8939 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS EX CHINA ETF | ETF | 46434G764 |  | 12502 | 198 | SH |  | SOLE |  | 198 | 0 | 0 |
| ISHARES MSCI INDIA ETF | ETF | 46429B598 |  | 32127 | 577 | SH |  | SOLE |  | 577 | 0 | 0 |
| ISHARES MSCI INTL MOMENTUM FACTOR ETF | ETF | 46434V449 |  | 96675 | 2116 | SH |  | SOLE |  | 2115 | 0 | 0 |
| ISHARES MSCI JAPAN ETF | ETF | 46434G822 |  | 200678 | 2677 | SH |  | SOLE |  | 2676 | 0 | 0 |
| ISHARES MSCI USA MIN VOL FACTOR ETF | ETF | 46429B697 |  | 2101 | 22 | SH |  | SOLE |  | 22 | 0 | 0 |
| ISHARES MSCI USA QUALITY FACTOR ETF | ETF | 46432F339 |  | 236752 | 1295 | SH |  | SOLE |  | 1295 | 0 | 0 |
| ISHARES PREFERRED  INCOME SECURITIES ETF | ETF | 464288687 |  | 484437 | 15790 | SH |  | SOLE |  | 15790 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 1422343 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 6474 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| ISHARES RUSSELL 3000 ETF | ETF | 464287689 |  | 21060 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | ETF | 464287499 |  | 161775 | 1759 | SH |  | SOLE |  | 1759 | 0 | 0 |
| ISHARES RUSSELL MID-CAP VALUE ETF | ETF | 464287473 |  | 2379 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| ISHARES S 100 ETF | ETF | 464287101 |  | 30435 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ISHARES SELECT DIVIDEND ETF | ETF | 464287168 |  | 134802 | 1015 | SH |  | SOLE |  | 1015 | 0 | 0 |
| ISHARES SEMICONDUCTOR ETF | ETF | 464287523 |  | 1671 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| ISHARES U.S. BROKER-DEALERS  SECURITIES EXCHANGES ETF | ETF | 464288794 |  | 94718 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| ISHARES U.S. CONSUMER DISCRETIONARY ETF | ETF | 464287580 |  | 39856 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ISHARES U.S. CONSUMER STAPLES ETF | ETF | 464287812 |  | 21144 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| ISHARES U.S. FINANCIALS ETF | ETF | 464287788 |  | 138897 | 1148 | SH |  | SOLE |  | 1148 | 0 | 0 |
| ISHARES U.S. HEALTHCARE ETF | ETF | 464287762 |  | 16944 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| ISHARES U.S. PHARMACEUTICALS ETF | ETF | 464288836 |  | 5505 | 84 | SH |  | SOLE |  | 84 | 0 | 0 |
| JPMORGAN BETABUILDERS USD INVESTMENT GRADE CORPORATE BOND ETF | ETF | 46641Q449 |  | 82333 | 1802 | SH |  | SOLE |  | 1802 | 0 | 0 |
| JPMORGAN U.S. MOMENTUM FACTOR ETF | ETF | 46641Q779 |  | 6885 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 11758 | 232 | SH |  | SOLE |  | 232 | 0 | 0 |
| PACER US CASH COWS 100 ETF | ETF | 69374H881 |  | 399935 | 7258 | SH |  | SOLE |  | 7258 | 0 | 0 |
| PACER US LARGE CAP CASH COWS GROWTH LEADERS ETF | ETF | 69374H360 |  | 12534 | 357 | SH |  | SOLE |  | 357 | 0 | 0 |
| PIMCO 0-5 YEAR HIGH YIELD CORPORATE BOND INDEX EXCHANGE-TRADED FUND | ETF | 72201R783 |  | 1900 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| REAL ESTATE SELECT SECTOR SPDR FUND | ETF | 81369Y860 |  | 26840 | 648 | SH |  | SOLE |  | 648 | 0 | 0 |
| REGAN FLOATING RATE MBS ETF | ETF | 92046L338 |  | 36494 | 1430 | SH |  | SOLE |  | 1430 | 0 | 0 |
| SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF | ETF | 808524755 |  | 8506 | 213 | SH |  | SOLE |  | 212 | 0 | 0 |
| SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | ETF | 808524771 |  | 58675 | 2391 | SH |  | SOLE |  | 2391 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 178412 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP GROWTH ETF | ETF | 808524300 |  | 109479 | 3748 | SH |  | SOLE |  | 3748 | 0 | 0 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 13446091 | 146583 | SH |  | SOLE |  | 146583 | 0 | 0 |
| SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF | ETF | 78468R408 |  | 2013 | 79 | SH |  | SOLE |  | 79 | 0 | 0 |
| SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF | ETF | 78467V848 |  | 170026 | 4239 | SH |  | SOLE |  | 4239 | 0 | 0 |
| SPDR EURO STOXX 50 ETF | ETF | 78463X202 |  | 3584 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST | ETF | 98149E303 |  | 100639 | 1536 | SH |  | SOLE |  | 1536 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 12721212 | 41732 | SH |  | SOLE |  | 41732 | 0 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 6114 | 151 | SH |  | SOLE |  | 151 | 0 | 0 |
| SPDR PORTFOLIO LONG TERM TREASURY ETF | ETF | 78464A664 |  | 266916 | 10042 | SH |  | SOLE |  | 10042 | 0 | 0 |
| SPDR PORTFOLIO S 1500 COMPOSITE STOCK MARKET ETF | ETF | 78464A805 |  | 15952 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| SPDR PORTFOLIO S 500 VALUE ETF | ETF | 78464A508 |  | 38470 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF | ETF | 78464A474 |  | 1570 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| SPDR S 400 MID CAP VALUE ETF | ETF | 78464A839 |  | 3543 | 45 | SH |  | SOLE |  | 44 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 134073 | 217 | SH |  | SOLE |  | 217 | 0 | 0 |
| SPDR S 600 SMALL CAP GROWTH ETF | ETF | 78464A201 |  | 1509 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| SPDR S 600 SMALL CAP VALUE ETF | ETF | 78464A300 |  | 1356 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| SPDR S AEROSPACE  DEFENSE ETF | ETF | 78464A631 |  | 179075 | 849 | SH |  | SOLE |  | 848 | 0 | 0 |
| SPDR S BIOTECH ETF | ETF | 78464A870 |  | 5971 | 72 | SH |  | SOLE |  | 72 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 83610 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| SPROTT GOLD MINERS ETF | ETF | 85210B102 |  | 45240 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 228413 | 902 | SH |  | SOLE |  | 902 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR FUND | ETF | 81369Y886 |  | 473138 | 5794 | SH |  | SOLE |  | 5794 | 0 | 0 |
| VANECK CLO ETF | ETF | 92189H748 |  | 11437 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 13183924 | 253245 | SH |  | SOLE |  | 253244 | 0 | 0 |
| VANGUARD CONSUMER DISCRETIONARY ETF | ETF | 92204A108 |  | 107609 | 297 | SH |  | SOLE |  | 297 | 0 | 0 |
| VANGUARD EXTENDED DURATION TREASURY ETF | ETF | 921910709 |  | 222427 | 3305 | SH |  | SOLE |  | 3305 | 0 | 0 |
| VANGUARD FINANCIALS ETF | ETF | 92204A405 |  | 69251 | 544 | SH |  | SOLE |  | 544 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 9647 | 195 | SH |  | SOLE |  | 195 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 526080 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 462306 | 697 | SH |  | SOLE |  | 697 | 0 | 0 |
| VANGUARD LONG-TERM TREASURY ETF | ETF | 92206C847 |  | 70620 | 1258 | SH |  | SOLE |  | 1258 | 0 | 0 |
| VANGUARD MID-CAP GROWTH ETF | ETF | 922908538 |  | 147314 | 518 | SH |  | SOLE |  | 518 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 17812 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| VANGUARD RUSSELL 1000 GROWTH ETF | ETF | 92206C680 |  | 185640 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 56803 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| VANGUARD SHORT-TERM TREASURY ETF | ETF | 92206C102 |  | 24357 | 414 | SH |  | SOLE |  | 414 | 0 | 0 |
| VANGUARD SMALL CAP VALUE ETF | ETF | 922908611 |  | 3315 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 46501 | 153 | SH |  | SOLE |  | 153 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 422055 | 2388 | SH |  | SOLE |  | 2388 | 0 | 0 |
| WISDOMTREE INDIA EARNINGS FUND | ETF | 97717W422 |  | 215221 | 4534 | SH |  | SOLE |  | 4533 | 0 | 0 |
| AGNC INVT CORP COM | REIT | 00123Q104 |  | 7624461 | 829648 | SH |  | SOLE |  | 829647 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | REIT | 03027X100 |  | 138580 | 627 | SH |  | SOLE |  | 627 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT INC COM NEW | REIT | 035710839 |  | 713956 | 37936 | SH |  | SOLE |  | 37936 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | REIT | 053484101 |  | 1425 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| EQUINIX INC COM | REIT | 29444U700 |  | 3977 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| PROLOGIS INC. COM | REIT | 74340W103 |  | 33638 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| PUBLIC STORAGE OPER CO COM | REIT | 74460D109 |  | 220065 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| STARWOOD PPTY TR INC COM | REIT | 85571B105 |  | 10035 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| 3M CO COM | Stock | 88579Y101 |  | 15224 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ABBOTT LABS COM | Stock | 002824100 |  | 49780 | 366 | SH |  | SOLE |  | 366 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 203625 | 1097 | SH |  | SOLE |  | 1097 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 1723944 | 5768 | SH |  | SOLE |  | 5767 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 57044 | 402 | SH |  | SOLE |  | 402 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 1680297 | 5957 | SH |  | SOLE |  | 5957 | 0 | 0 |
| ALAMOS GOLD INC NEW COM CL A | Stock | 011532108 |  | 1208799 | 45512 | SH |  | SOLE |  | 45512 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 1000626 | 5678 | SH |  | SOLE |  | 5677 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 13439437 | 75762 | SH |  | SOLE |  | 75762 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 9825601 | 44786 | SH |  | SOLE |  | 44786 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 106539 | 334 | SH |  | SOLE |  | 334 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 1433237 | 5133 | SH |  | SOLE |  | 5133 | 0 | 0 |
| APOLLO GLOBAL MGMT INC COM | Stock | 03769M106 |  | 1702 | 12 | SH |  | SOLE |  | 12 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 5311625 | 25889 | SH |  | SOLE |  | 25888 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 20504 | 112 | SH |  | SOLE |  | 112 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 36117 | 1248 | SH |  | SOLE |  | 1248 | 0 | 0 |
| B  G FOODS INC NEW COM | Stock | 05508R106 |  | 8460 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 2412 | 14 | SH |  | SOLE |  | 14 | 0 | 0 |
| BERKLEY W R CORP COM | Stock | 084423102 |  | 101021 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 4143826 | 8530 | SH |  | SOLE |  | 8530 | 0 | 0 |
| BLACK STONE MINERALS L P COM UNIT | Stock | 09225M101 |  | 3728 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 37087 | 177 | SH |  | SOLE |  | 177 | 0 | 0 |
| BOOKING HOLDINGS INC COM | Stock | 09857L108 |  | 11578 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | Stock | 101137107 |  | 26208 | 244 | SH |  | SOLE |  | 244 | 0 | 0 |
| BRINKER INTL INC COM | Stock | 109641100 |  | 792911 | 4397 | SH |  | SOLE |  | 4397 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 312311 | 1133 | SH |  | SOLE |  | 1133 | 0 | 0 |
| CACI INTL INC CL A | Stock | 127190304 |  | 8257027 | 17321 | SH |  | SOLE |  | 17321 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | Stock | 127387108 |  | 28042 | 91 | SH |  | SOLE |  | 91 | 0 | 0 |
| CAMECO CORP COM | Stock | 13321L108 |  | 11341973 | 152795 | SH |  | SOLE |  | 152795 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | Stock | 14040H105 |  | 197441 | 928 | SH |  | SOLE |  | 928 | 0 | 0 |
| CARNIVAL CORP PAIRED CTF | Stock | 143658300 |  | 2812 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| CELESTICA INC COM | Stock | 15101Q207 |  | 11084 | 71 | SH |  | SOLE |  | 71 | 0 | 0 |
| CENCORA INC COM | Stock | 03073E105 |  | 7796 | 26 | SH |  | SOLE |  | 26 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LTD ORD | Stock | M22465104 |  | 5753 | 26 | SH |  | SOLE |  | 26 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | Stock | 16411R208 |  | 15676384 | 64374 | SH |  | SOLE |  | 64374 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 309290 | 2160 | SH |  | SOLE |  | 2160 | 0 | 0 |
| CHUBB LIMITED COM | Stock | H1467J104 |  | 1939712 | 6695 | SH |  | SOLE |  | 6695 | 0 | 0 |
| CINTAS CORP COM | Stock | 172908105 |  | 31202 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 145976 | 2104 | SH |  | SOLE |  | 2104 | 0 | 0 |
| CMS ENERGY CORP COM | Stock | 125896100 |  | 103920 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 1557 | 22 | SH |  | SOLE |  | 22 | 0 | 0 |
| COINBASE GLOBAL INC COM CL A | Stock | 19260Q107 |  | 28039 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 2391 | 67 | SH |  | SOLE |  | 67 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | Stock | 21037T109 |  | 16138 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| CORE SCIENTIFIC INC NEW COM | Stock | 21874A106 |  | 562371 | 32945 | SH |  | SOLE |  | 32945 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 3159582 | 3192 | SH |  | SOLE |  | 3191 | 0 | 0 |
| CURTISS WRIGHT CORP COM | Stock | 231561101 |  | 7817 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 1173 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| CYBERARK SOFTWARE LTD SHS | Stock | M2682V108 |  | 11807251 | 29019 | SH |  | SOLE |  | 29019 | 0 | 0 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 9679 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 868 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | Stock | 256677105 |  | 12582 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| DOMINION ENERGY INC COM | Stock | 25746U109 |  | 67994 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| DOW INC COM | Stock | 260557103 |  | 61222 | 2312 | SH |  | SOLE |  | 2312 | 0 | 0 |
| DTE ENERGY CO COM | Stock | 233331107 |  | 795 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 38232 | 324 | SH |  | SOLE |  | 324 | 0 | 0 |
| D-WAVE QUANTUM INC COM | Stock | 26740W109 |  | 7686 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| EATON CORP | Stock | G29183103 |  | 11441322 | 32049 | SH |  | SOLE |  | 32049 | 0 | 0 |
| EDISON INTL COM | Stock | 281020107 |  | 464 | 9 | SH |  | SOLE |  | 9 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | Stock | 28176E108 |  | 34412 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 146552 | 188 | SH |  | SOLE |  | 188 | 0 | 0 |
| EMCOR GROUP INC COM | Stock | 29084Q100 |  | 9628 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 21999 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| ENBRIDGE INC COM | Stock | 29250N105 |  | 2674 | 59 | SH |  | SOLE |  | 59 | 0 | 0 |
| ENOVIX CORPORATION COM | Stock | 293594107 |  | 17061 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| EQT CORP COM | Stock | 26884L109 |  | 875 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| EVEREST GROUP LTD COM | Stock | G3223R108 |  | 7137 | 21 | SH |  | SOLE |  | 21 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 82359 | 764 | SH |  | SOLE |  | 764 | 0 | 0 |
| FIRST SOLAR INC COM | Stock | 336433107 |  | 16554 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| FISERV INC COM | Stock | 337738108 |  | 3621 | 21 | SH |  | SOLE |  | 21 | 0 | 0 |
| FLAGSTAR FINANCIAL INC COM NEW | Stock | 649445400 |  | 2821275 | 266158 | SH |  | SOLE |  | 266158 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 6496951 | 149872 | SH |  | SOLE |  | 149872 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 11325 | 44 | SH |  | SOLE |  | 44 | 0 | 0 |
| GENERAC HLDGS INC COM | Stock | 368736104 |  | 20049 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 1755005 | 6017 | SH |  | SOLE |  | 6017 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 662454 | 936 | SH |  | SOLE |  | 936 | 0 | 0 |
| GRAINGER W W INC COM | Stock | 384802104 |  | 3121 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 3081300 | 8404 | SH |  | SOLE |  | 8404 | 0 | 0 |
| HOULIHAN LOKEY INC CL A | Stock | 441593100 |  | 24833 | 138 | SH |  | SOLE |  | 138 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 24725 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 82562 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 25056 | 85 | SH |  | SOLE |  | 85 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 4726 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 345609 | 636 | SH |  | SOLE |  | 636 | 0 | 0 |
| IREN LIMITED ORDINARY SHARES | Stock | Q4982L109 |  | 5984817 | 410763 | SH |  | SOLE |  | 410763 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 99899 | 654 | SH |  | SOLE |  | 654 | 0 | 0 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 4318482 | 14896 | SH |  | SOLE |  | 14895 | 0 | 0 |
| KENVUE INC COM | Stock | 49177J102 |  | 167 | 8 | SH |  | SOLE |  | 8 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 161700 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIONS COM NEW | Stock | 50077B207 |  | 1626540 | 35017 | SH |  | SOLE |  | 35017 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC COM | Stock | 502431109 |  | 1254 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| LINDE PLC SHS | Stock | G54950103 |  | 1408 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 68762 | 310 | SH |  | SOLE |  | 309 | 0 | 0 |
| MANULIFE FINL CORP COM | Stock | 56501R106 |  | 34069 | 1066 | SH |  | SOLE |  | 1066 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 70243 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 2198 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 4743094 | 54412 | SH |  | SOLE |  | 54412 | 0 | 0 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 47045 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 4908 | 62 | SH |  | SOLE |  | 62 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 1341110 | 1817 | SH |  | SOLE |  | 1817 | 0 | 0 |
| METLIFE INC COM | Stock | 59156R108 |  | 1528 | 19 | SH |  | SOLE |  | 19 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 3130427 | 25399 | SH |  | SOLE |  | 25399 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 15696331 | 31556 | SH |  | SOLE |  | 31556 | 0 | 0 |
| MICROSTRATEGY INC CL A NEW | Stock | 594972408 |  | 641513 | 1587 | SH |  | SOLE |  | 1587 | 0 | 0 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 9719 | 69 | SH |  | SOLE |  | 69 | 0 | 0 |
| NETFLIX INC COM | Stock | 64110L106 |  | 88383 | 66 | SH |  | SOLE |  | 66 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 91634 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| NEXTNAV INC COMMON STOCK | Stock | 65345N106 |  | 69692 | 4585 | SH |  | SOLE |  | 4585 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 1500 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG LTD SHS | Stock | G66721104 |  | 2028 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 12091644 | 76534 | SH |  | SOLE |  | 76534 | 0 | 0 |
| ONEOK INC NEW COM | Stock | 682680103 |  | 4859026 | 59525 | SH |  | SOLE |  | 59525 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 16208430 | 74136 | SH |  | SOLE |  | 74136 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 2344022 | 17195 | SH |  | SOLE |  | 17195 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 24557 | 120 | SH |  | SOLE |  | 120 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | Stock | 701094104 |  | 10477 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 63115 | 478 | SH |  | SOLE |  | 478 | 0 | 0 |
| PLAINS GP HLDGS L P LTD PARTNR INT A | Stock | 72651A207 |  | 970120 | 49929 | SH |  | SOLE |  | 49929 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | Stock | 693475105 |  | 23489 | 126 | SH |  | SOLE |  | 126 | 0 | 0 |
| POOL CORP COM | Stock | 73278L105 |  | 33520 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 1813163 | 11381 | SH |  | SOLE |  | 11380 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 9715 | 61 | SH |  | SOLE |  | 61 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 114180 | 302 | SH |  | SOLE |  | 302 | 0 | 0 |
| QUANTUM COMPUTING INC COM | Stock | 74766W108 |  | 32589 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| RB GLOBAL INC COM | Stock | 74935Q107 |  | 9239 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| RECURSION PHARMACEUTICALS INC CL A | Stock | 75629V104 |  | 3896 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| RIOT PLATFORMS INC COM | Stock | 767292105 |  | 359826 | 31843 | SH |  | SOLE |  | 31843 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | Stock | 776696106 |  | 14171 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| ROYAL BK CDA COM | Stock | 780087102 |  | 8814 | 67 | SH |  | SOLE |  | 67 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 1606 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 13182 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 103622 | 380 | SH |  | SOLE |  | 380 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 3204714 | 35124 | SH |  | SOLE |  | 35123 | 0 | 0 |
| SEMPRA COM | Stock | 816851109 |  | 2576 | 34 | SH |  | SOLE |  | 34 | 0 | 0 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 3823430 | 3719 | SH |  | SOLE |  | 3719 | 0 | 0 |
| SHAKE SHACK INC CL A | Stock | 819047101 |  | 31635 | 225 | SH |  | SOLE |  | 225 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | Stock | 82509L107 |  | 34605 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| SOLVENTUM CORP COM SHS | Stock | 83444M101 |  | 1896 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 32141 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| SOUTHERN COPPER CORP COM | Stock | 84265V105 |  | 6070 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | Stock | 85208M102 |  | 40666 | 247 | SH |  | SOLE |  | 247 | 0 | 0 |
| STERLING INFRASTRUCTURE INC COM | Stock | 859241101 |  | 6922 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 63301 | 160 | SH |  | SOLE |  | 160 | 0 | 0 |
| TARGET CORP COM | Stock | 87612E106 |  | 14008 | 142 | SH |  | SOLE |  | 142 | 0 | 0 |
| TE CONNECTIVITY PLC ORD SHS | Stock | G87052109 |  | 1181 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| TEMPUS AI INC CL A | Stock | 88023B103 |  | 4349821 | 68458 | SH |  | SOLE |  | 68458 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 1312889 | 4133 | SH |  | SOLE |  | 4133 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 1038 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 18246 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| TKO GROUP HOLDINGS INC CL A | Stock | 87256C101 |  | 6368 | 35 | SH |  | SOLE |  | 35 | 0 | 0 |
| T-MOBILE US INC COM | Stock | 872590104 |  | 1906 | 8 | SH |  | SOLE |  | 8 | 0 | 0 |
| TRANSDIGM GROUP INC COM | Stock | 893641100 |  | 76032 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | Stock | 89417E109 |  | 42271 | 158 | SH |  | SOLE |  | 158 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 118304 | 1268 | SH |  | SOLE |  | 1268 | 0 | 0 |
| UBS GROUP AG SHS | Stock | H42097107 |  | 7407 | 219 | SH |  | SOLE |  | 219 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 1150 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| UNITED RENTALS INC COM | Stock | 911363109 |  | 42190 | 56 | SH |  | SOLE |  | 56 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 3120 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| VERALTO CORP COM SHS | Stock | 92338C103 |  | 1615 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 15620 | 361 | SH |  | SOLE |  | 361 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | Stock | 92532F100 |  | 13356 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| VERTIV HOLDINGS CO COM CL A | Stock | 92537N108 |  | 3061423 | 23841 | SH |  | SOLE |  | 23841 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 1990378 | 5606 | SH |  | SOLE |  | 5605 | 0 | 0 |
| VISTRA CORP COM | Stock | 92840M102 |  | 11241 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| VULCAN MATLS CO COM | Stock | 929160109 |  | 1304 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 3513873 | 35937 | SH |  | SOLE |  | 35936 | 0 | 0 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 1602 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| WILLIAMS COS INC COM | Stock | 969457100 |  | 10240810 | 163044 | SH |  | SOLE |  | 163044 | 0 | 0 |
| XYLEM INC COM | Stock | 98419M100 |  | 42559 | 329 | SH |  | SOLE |  | 329 | 0 | 0 |

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