# EDGAR Filing Document

**Accession Number:** 0001698091
**File Stem:** 0001698091-25-000005
**Filing Date:** 2025-12
**Character Count:** 15669
**Document Hash:** 04eb68be0776f567c884ee04c26ba5d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001698091-25-000005.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001698091-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251223

**EFFECTIVENESS DATE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Narus Financial Partners, LLC
- **CENTRAL INDEX KEY:** 0001698091

**ORGANIZATION NAME:**
- **EIN:** 471929138
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17958
- **FILM NUMBER:** 251601949

**BUSINESS ADDRESS:**
- **STREET 1:** 1245 E BRICKYARD ROAD
- **STREET 2:** SUITE 160
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106
- **BUSINESS PHONE:** 866-534-0530

**MAIL ADDRESS:**
- **STREET 1:** 1245 E BRICKYARD ROAD
- **STREET 2:** SUITE 160
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106

### 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:** Narus Financial Partners LLC<br>**Address:** 1245 E BRICKYARD ROAD<br>SUITE 160<br>SALT LAKE CITY, UT 84106

**Form 13F File Number:** 028-17958

**CRD Number (if applicable):** 000173534

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:** Michael W. Robinson<br>**Title:** Chief Operating Officer<br>**Phone:** 928-788-2333

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

Michael W. Robinsoon  Salt Lake City, UT  12-23-2025<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:** 117

**Form 13F Information Table Value Total:** $93945071

      (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 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1385898 | 1887 | SH |  | SOLE |  | 4 | 0 | 1883 |
| ADOBE INC | COM | 00724F101 |  | 306804 | 870 | SH |  | SOLE |  | 0 | 0 | 870 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1573960 | 6475 | SH |  | SOLE |  | 17 | 0 | 6458 |
| AMAZON COM INC | COM | 023135106 |  | 1353210 | 6163 | SH |  | SOLE |  | 53 | 0 | 6110 |
| APPLE INC | COM | 037833100 |  | 2681674 | 10532 | SH |  | SOLE |  | 50 | 0 | 10482 |
| AUTOZONE INC | COM | 053332102 |  | 244544 | 57 | SH |  | SOLE |  | 0 | 0 | 57 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 981600 | 1953 | SH |  | SOLE |  | 11 | 0 | 1942 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 318557 | 59 | SH |  | SOLE |  | 1 | 0 | 58 |
| BROADCOM INC | COM | 11135F101 |  | 750545 | 2275 | SH |  | SOLE |  | 0 | 0 | 2275 |
| CATERPILLAR INC | COM | 149123101 |  | 271498 | 569 | SH |  | SOLE |  | 8 | 0 | 561 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 403429 | 436 | SH |  | SOLE |  | 0 | 0 | 436 |
| ELI LILLY  CO | COM | 532457108 |  | 252553 | 331 | SH |  | SOLE |  | 0 | 0 | 331 |
| GE AEROSPACE | COM NEW | 369604301 |  | 277055 | 921 | SH |  | SOLE |  | 0 | 0 | 921 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 1048326 | 10459 | SH |  | SOLE |  | 59 | 0 | 10400 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 511873 | 1814 | SH |  | SOLE |  | 0 | 0 | 1814 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 374254 | 27867 | SH |  | SOLE |  | 338 | 0 | 27529 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1807642 | 15212 | SH |  | SOLE |  | 139 | 0 | 15073 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 1155191 | 15057 | SH |  | SOLE |  | 147 | 0 | 14910 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1317666 | 19426 | SH |  | SOLE |  | 160 | 0 | 19266 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 307643 | 4557 | SH |  | SOLE |  | 83 | 0 | 4474 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 288282 | 2592 | SH |  | SOLE |  | 0 | 0 | 2592 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 |  | 2288756 | 49316 | SH |  | SOLE |  | 207 | 0 | 49109 |
| J P MORGAN EXCHANGE TRADED F | INTL BD OPP ETF | 46641Q852 |  | 667936 | 13623 | SH |  | SOLE |  | 84 | 0 | 13539 |
| MCKESSON CORP | COM | 58155Q103 |  | 264801 | 343 | SH |  | SOLE |  | 0 | 0 | 343 |
| MICROSOFT CORP | COM | 594918104 |  | 1366689 | 2639 | SH |  | SOLE |  | 12 | 0 | 2627 |
| NETAPP INC | COM | 64110D104 |  | 207027 | 1748 | SH |  | SOLE |  | 0 | 0 | 1748 |
| NETFLIX INC | COM | 64110L106 |  | 263762 | 220 | SH |  | SOLE |  | 2 | 0 | 218 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3075593 | 16484 | SH |  | SOLE |  | 35 | 0 | 16449 |
| QUALCOMM INC | COM | 747525103 |  | 569362 | 3422 | SH |  | SOLE |  | 34 | 0 | 3388 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 4494207 | 12643 | SH |  | SOLE |  | 63 | 0 | 12580 |
| SPDR SERIES TRUST | BLOOMBERG SHT TE | 78468R408 |  | 844646 | 32994 | SH |  | SOLE |  | 230 | 0 | 32764 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 2205764 | 76324 | SH |  | SOLE |  | 491 | 0 | 75833 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 240792 | 697 | SH |  | SOLE |  | 0 | 0 | 697 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3068757 | 51214 | SH |  | SOLE |  | 897 | 0 | 50317 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 764978 | 1595 | SH |  | SOLE |  | 11 | 0 | 1584 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3447781 | 11738 | SH |  | SOLE |  | 119 | 0 | 11619 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1777127 | 2902 | SH |  | SOLE |  | 88 | 0 | 2814 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 719344 | 9116 | SH |  | SOLE |  | 181 | 0 | 8935 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1447852 | 18114 | SH |  | SOLE |  | 156 | 0 | 17958 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2013716 | 27077 | SH |  | SOLE |  | 280 | 0 | 26797 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1741876 | 9340 | SH |  | SOLE |  | 104 | 0 | 9236 |
| VISA INC | COM CL A | 92826C839 |  | 479127 | 1404 | SH |  | SOLE |  | 10 | 0 | 1394 |
| WALMART INC | COM | 931142103 |  | 2438711 | 23663 | SH |  | SOLE |  | 86 | 0 | 23577 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 331010 | 3949 | SH |  | SOLE |  | 0 | 0 | 3949 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 802230 | 18150 | SH |  | SOLE |  | 114 | 0 | 18036 |
| ABBVIE INC | COM | 00287Y109 |  | 377179 | 1629 | SH |  | SOLE |  | 15 | 0 | 1614 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 308354 | 2041 | SH |  | SOLE |  | 30 | 0 | 2011 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 281009 | 3697 | SH |  | SOLE |  | 80 | 0 | 3617 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 244020 | 2524 | SH |  | SOLE |  | 40 | 0 | 2484 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 344689 | 3284 | SH |  | SOLE |  | 40 | 0 | 3244 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 586308 | 8057 | SH |  | SOLE |  | 112 | 0 | 7945 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 395234 | 1253 | SH |  | SOLE |  | 0 | 0 | 1253 |
| ORACLE CORP | COM | 68389X105 |  | 305708 | 1087 | SH |  | SOLE |  | 0 | 0 | 1087 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 270164 | 1481 | SH |  | SOLE |  | 30 | 0 | 1451 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1246930 | 23147 | SH |  | SOLE |  | 246 | 0 | 22901 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2450773 | 8695 | SH |  | SOLE |  | 56 | 0 | 8639 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 363359 | 4166 | SH |  | SOLE |  | 18 | 0 | 4148 |
| TESLA INC | COM | 88160R101 |  | 480742 | 1081 | SH |  | SOLE |  | 0 | 0 | 1081 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 540473 | 9976 | SH |  | SOLE |  | 145 | 0 | 9831 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 1536859 | 22449 | SH |  | SOLE |  | 368 | 0 | 22081 |
| INVESCO DB MULTI-SECTOR COMM | OIL FD | 46140H403 |  | 768441 | 57133 | SH |  | SOLE |  | 345 | 0 | 56788 |
| INVESCO EXCH TRADED FD TR II | S SMLCP INFO | 46138E115 |  | 1129434 | 21277 | SH |  | SOLE |  | 203 | 0 | 21074 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 222396 | 2015 | SH |  | SOLE |  | 27 | 0 | 1988 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 239511 | 2950 | SH |  | SOLE |  | 24 | 0 | 2926 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1046505 | 10839 | SH |  | SOLE |  | 100 | 0 | 10739 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 1169280 | 27326 | SH |  | SOLE |  | 553 | 0 | 26773 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 255325 | 5455 | SH |  | SOLE |  | 85 | 0 | 5370 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 382503 | 1596 | SH |  | SOLE |  | 15 | 0 | 1581 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 792122 | 30643 | SH |  | SOLE |  | 0 | 0 | 30643 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 2095755 | 26752 | SH |  | SOLE |  | 54 | 0 | 26698 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 263099 | 8686 | SH |  | SOLE |  | 364 | 0 | 8322 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 407861 | 5204 | SH |  | SOLE |  | 76 | 0 | 5128 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 239829 | 2684 | SH |  | SOLE |  | 30 | 0 | 2654 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 506267 | 3638 | SH |  | SOLE |  | 28 | 0 | 3610 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 419567 | 7583 | SH |  | SOLE |  | 45 | 0 | 7538 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 352506 | 13080 | SH |  | SOLE |  | 57 | 0 | 13023 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 1361230 | 7251 | SH |  | SOLE |  | 89 | 0 | 7162 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 399612 | 8627 | SH |  | SOLE |  | 0 | 0 | 8627 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 279300 | 8772 | SH |  | SOLE |  | 130 | 0 | 8642 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1159291 | 11564 | SH |  | SOLE |  | 62 | 0 | 11502 |
| ISHARES TR | MBS ETF | 464288588 |  | 409621 | 4305 | SH |  | SOLE |  | 105 | 0 | 4200 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 217048 | 2706 | SH |  | SOLE |  | 60 | 0 | 2646 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 727722 | 14345 | SH |  | SOLE |  | 244 | 0 | 14101 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 255517 | 645 | SH |  | SOLE |  | 18 | 0 | 627 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 288080 | 1335 | SH |  | SOLE |  | 20 | 0 | 1315 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 862358 | 1155 | SH |  | SOLE |  | 33 | 0 | 1122 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 475894 | 5658 | SH |  | SOLE |  | 105 | 0 | 5553 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 415937 | 2383 | SH |  | SOLE |  | 25 | 0 | 2358 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 514135 | 1567 | SH |  | SOLE |  | 35 | 0 | 1532 |
| INVESCO EXCH TRD SLF IDX FD | RAFI STRATGIC US | 46138J742 |  | 407947 | 7389 | SH |  | SOLE |  | 37 | 0 | 7352 |
| ISHARES TR | INTERNATIONAL SL | 46434V266 |  | 388222 | 9440 | SH |  | SOLE |  | 60 | 0 | 9380 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 293727 | 3272 | SH |  | SOLE |  | 35 | 0 | 3237 |
| THE CIGNA GROUP | COM | 125523100 |  | 206678 | 717 | SH |  | SOLE |  | 9 | 0 | 708 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 515644 | 5441 | SH |  | SOLE |  | 0 | 0 | 5441 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1635290 | 6431 | SH |  | SOLE |  | 0 | 0 | 6431 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 491725 | 8598 | SH |  | SOLE |  | 0 | 0 | 8598 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 203742 | 5605 | SH |  | SOLE |  | 0 | 0 | 5605 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 554991 | 5944 | SH |  | SOLE |  | 0 | 0 | 5944 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 570846 | 5346 | SH |  | SOLE |  | 0 | 0 | 5346 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 504122 | 9877 | SH |  | SOLE |  | 0 | 0 | 9877 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 248939 | 2785 | SH |  | SOLE |  | 33 | 0 | 2752 |
| ISHARES TR | CORE S ETF | 464287200 |  | 343833 | 514 | SH |  | SOLE |  | 0 | 0 | 514 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 1414762 | 29358 | SH |  | SOLE |  | 0 | 0 | 29358 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1315585 | 1975 | SH |  | SOLE |  | 0 | 0 | 1975 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 478495 | 797 | SH |  | SOLE |  | 0 | 0 | 797 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 494104 | 4944 | SH |  | SOLE |  | 0 | 0 | 4944 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1004168 | 9430 | SH |  | SOLE |  | 0 | 0 | 9430 |
| NEW YORK LIFE INVTS ACTIVE E | NYLI MACKAY MUN | 45409F827 |  | 602956 | 24813 | SH |  | SOLE |  | 0 | 0 | 24813 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 230895 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 249525 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 206987 | 4488 | SH |  | SOLE |  | 0 | 0 | 4488 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 224736 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 440553 | 950 | SH |  | SOLE |  | 0 | 0 | 950 |
| NVNI GROUP LIMITED | SHS | G50716102 |  | 29382 | 35400 | SH |  | SOLE |  | 0 | 0 | 35400 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 33181 | 66 | SH |  | SOLE |  | 0 | 0 | 66 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 |  | 288113 | 3250 | SH |  | SOLE |  | 0 | 0 | 3250 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 43928 | 1520 | SH |  | SOLE |  | 0 | 0 | 1520 |

---