# EDGAR Filing Document

**Accession Number:** 0001044905
**File Stem:** 0001044905-25-000006
**Filing Date:** 2025-10
**Character Count:** 37629
**Document Hash:** 48f3a5a9bdcabdb086e3a2d47cbc463b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001044905-25-000006.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001044905-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PATTEN & PATTEN INC/TN
- **CENTRAL INDEX KEY:** 0001044905

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06515
- **FILM NUMBER:** 251439276

**BUSINESS ADDRESS:**
- **STREET 1:** 555 WALNUT STREET
- **STREET 2:** SUITE 280
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37402
- **BUSINESS PHONE:** 4237563480

**MAIL ADDRESS:**
- **STREET 1:** 555 WALNUT STREET
- **STREET 2:** SUITE 280
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37402

### 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:** PATTEN  PATTEN INC/TN<br>**Address:** 555 WALNUT STREET<br>SUITE 280<br>CHATTANOOGA, TN 37402

**Form 13F File Number:** 028-06515

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:** Stephanie Graham<br>**Title:** CFO / CCO<br>**Phone:** 423-424-4108

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

Stephanie P. Graham  Chattanooga, TN  10-31-2025<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:** 344

**Form 13F Information Table Value Total:** $1701709964

      (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 |
| 3M CO | COM | 88579Y101 |  | 2466896 | 15897 | SH |  | SOLE | 0 | 0 | 0 | 15897 |
| ABBOTT LABS | COM | 002824100 |  | 19740211 | 147381 | SH |  | SOLE | 0 | 0 | 0 | 147381 |
| ABBVIE INC | COM | 00287Y109 |  | 39622220 | 171125 | SH |  | SOLE | 0 | 0 | 0 | 171125 |
| ADOBE INC | COM | 00724F101 |  | 9110474 | 25827 | SH |  | SOLE | 0 | 0 | 0 | 25827 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7351899 | 45441 | SH |  | SOLE | 0 | 0 | 0 | 45441 |
| AFLAC INC | COM | 001055102 |  | 379892 | 3401 | SH |  | SOLE | 0 | 0 | 0 | 3401 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 770979 | 2827 | SH |  | SOLE | 0 | 0 | 0 | 2827 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 226451 | 1267 | SH |  | SOLE | 0 | 0 | 0 | 1267 |
| ALLSTATE CORP | COM | 020002101 |  | 246633 | 1149 | SH |  | SOLE | 0 | 0 | 0 | 1149 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 19503209 | 80079 | SH |  | SOLE | 0 | 0 | 0 | 80079 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 52138709 | 214474 | SH |  | SOLE | 0 | 0 | 0 | 214474 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 832726 | 17744 | SH |  | SOLE | 0 | 0 | 0 | 17744 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 766241 | 11599 | SH |  | SOLE | 0 | 0 | 0 | 11599 |
| AMAZON COM INC | COM | 023135106 |  | 10389514 | 47318 | SH |  | SOLE | 0 | 0 | 0 | 47318 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1585657 | 4774 | SH |  | SOLE | 0 | 0 | 0 | 4774 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 345183 | 4395 | SH |  | SOLE | 0 | 0 | 0 | 4395 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 700809 | 3644 | SH |  | SOLE | 0 | 0 | 0 | 3644 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1581616 | 11363 | SH |  | SOLE | 0 | 0 | 0 | 11363 |
| AMGEN INC | COM | 031162100 |  | 840263 | 2978 | SH |  | SOLE | 0 | 0 | 0 | 2978 |
| ANGEL OAK FUNDS TRUST | MORTGAGE BACKED | 03463K737 |  | 2166018 | 248254 | SH |  | SOLE | 0 | 0 | 0 | 248254 |
| APPLE INC | COM | 037833100 |  | 172809207 | 678668 | SH |  | SOLE | 0 | 0 | 0 | 678668 |
| APPLIED MATLS INC | COM | 038222105 |  | 2190689 | 10700 | SH |  | SOLE | 0 | 0 | 0 | 10700 |
| AT INC | COM | 00206R102 |  | 439418 | 15560 | SH |  | SOLE | 0 | 0 | 0 | 15560 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 290659 | 1702 | SH |  | SOLE | 0 | 0 | 0 | 1702 |
| AURINIA PHARMACEUTICALS INC | COM | 05156V102 |  | 769356 | 69625 | SH |  | SOLE | 0 | 0 | 0 | 69625 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1544984 | 5264 | SH |  | SOLE | 0 | 0 | 0 | 5264 |
| BANK AMERICA CORP | COM | 060505104 |  | 4203325 | 81476 | SH |  | SOLE | 0 | 0 | 0 | 81476 |
| BANK MONTREAL QUE | COM | 063671101 |  | 303222 | 2328 | SH |  | SOLE | 0 | 0 | 0 | 2328 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 386319 | 2064 | SH |  | SOLE | 0 | 0 | 0 | 2064 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE | 0 | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3758484 | 7476 | SH |  | SOLE | 0 | 0 | 0 | 7476 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 216953 | 4075 | SH |  | SOLE | 0 | 0 | 0 | 4075 |
| BLACKROCK INC | COM | 09290D101 |  | 299629 | 257 | SH |  | SOLE | 0 | 0 | 0 | 257 |
| BLACKSTONE INC | COM | 09260D107 |  | 440961 | 2581 | SH |  | SOLE | 0 | 0 | 0 | 2581 |
| BOEING CO | COM | 097023105 |  | 7020582 | 32528 | SH |  | SOLE | 0 | 0 | 0 | 32528 |
| BP PLC | SPONSORED ADR | 055622104 |  | 208489 | 6050 | SH |  | SOLE | 0 | 0 | 0 | 6050 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 859104 | 19049 | SH |  | SOLE | 0 | 0 | 0 | 19049 |
| BROADCOM INC | COM | 11135F101 |  | 6326354 | 19176 | SH |  | SOLE | 0 | 0 | 0 | 19176 |
| CACI INTL INC | CL A | 127190304 |  | 374085 | 750 | SH |  | SOLE | 0 | 0 | 0 | 750 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 209739 | 18693 | SH |  | SOLE | 0 | 0 | 0 | 18693 |
| CAMECO CORP | COM | 13321L108 |  | 1181168 | 14085 | SH |  | SOLE | 0 | 0 | 0 | 14085 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 6700581 | 71056 | SH |  | SOLE | 0 | 0 | 0 | 71056 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 330668 | 1555 | SH |  | SOLE | 0 | 0 | 0 | 1555 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 1082003 | 18124 | SH |  | SOLE | 0 | 0 | 0 | 18124 |
| CATERPILLAR INC | COM | 149123101 |  | 1777220 | 3725 | SH |  | SOLE | 0 | 0 | 0 | 3725 |
| CHEVRON CORP NEW | COM | 166764100 |  | 8188188 | 52728 | SH |  | SOLE | 0 | 0 | 0 | 52728 |
| CISCO SYS INC | COM | 17275R102 |  | 8389965 | 122624 | SH |  | SOLE | 0 | 0 | 0 | 122624 |
| CITIGROUP INC | COM NEW | 172967424 |  | 4273957 | 42108 | SH |  | SOLE | 0 | 0 | 0 | 42108 |
| COCA COLA CO | COM | 191216100 |  | 13289952 | 200391 | SH |  | SOLE | 0 | 0 | 0 | 200391 |
| COCA COLA CONS INC | COM | 191098102 |  | 232409 | 1984 | SH |  | SOLE | 0 | 0 | 0 | 1984 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 555556 | 6950 | SH |  | SOLE | 0 | 0 | 0 | 6950 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 810146 | 25784 | SH |  | SOLE | 0 | 0 | 0 | 25784 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 17590995 | 185971 | SH |  | SOLE | 0 | 0 | 0 | 185971 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1469654 | 10913 | SH |  | SOLE | 0 | 0 | 0 | 10913 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 496238 | 1508 | SH |  | SOLE | 0 | 0 | 0 | 1508 |
| CORNING INC | COM | 219350105 |  | 1451603 | 17696 | SH |  | SOLE | 0 | 0 | 0 | 17696 |
| COSTAR GROUP INC | COM | 22160N109 |  | 722038 | 8558 | SH |  | SOLE | 0 | 0 | 0 | 8558 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 21825024 | 23579 | SH |  | SOLE | 0 | 0 | 0 | 23579 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 4426660 | 9027 | SH |  | SOLE | 0 | 0 | 0 | 9027 |
| DEERE  CO | COM | 244199105 |  | 986310 | 2157 | SH |  | SOLE | 0 | 0 | 0 | 2157 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 242710 | 1712 | SH |  | SOLE | 0 | 0 | 0 | 1712 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1730253 | 30489 | SH |  | SOLE | 0 | 0 | 0 | 30489 |
| DEXCOM INC | COM | 252131107 |  | 5568315 | 82751 | SH |  | SOLE | 0 | 0 | 0 | 82751 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 4927944 | 28505 | SH |  | SOLE | 0 | 0 | 0 | 28505 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 536216 | 11718 | SH |  | SOLE | 0 | 0 | 0 | 11718 |
| DISNEY WALT CO | COM | 254687106 |  | 1183193 | 10334 | SH |  | SOLE | 0 | 0 | 0 | 10334 |
| DOCUSIGN INC | COM | 256163106 |  | 307392 | 4264 | SH |  | SOLE | 0 | 0 | 0 | 4264 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 772912 | 10680 | SH |  | SOLE | 0 | 0 | 0 | 10680 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 211252 | 2044 | SH |  | SOLE | 0 | 0 | 0 | 2044 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 2043781 | 33411 | SH |  | SOLE | 0 | 0 | 0 | 33411 |
| DOVER CORP | COM | 260003108 |  | 658979 | 3950 | SH |  | SOLE | 0 | 0 | 0 | 3950 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 244970 | 6550 | SH |  | SOLE | 0 | 0 | 0 | 6550 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 7674181 | 62014 | SH |  | SOLE | 0 | 0 | 0 | 62014 |
| EATON CORP PLC | SHS | G29183103 |  | 2971545 | 7940 | SH |  | SOLE | 0 | 0 | 0 | 7940 |
| ECOLAB INC | COM | 278865100 |  | 2166780 | 7912 | SH |  | SOLE | 0 | 0 | 0 | 7912 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 9625126 | 123764 | SH |  | SOLE | 0 | 0 | 0 | 123764 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 846535 | 4197 | SH |  | SOLE | 0 | 0 | 0 | 4197 |
| ELI LILLY  CO | COM | 532457108 |  | 12418546 | 16276 | SH |  | SOLE | 0 | 0 | 0 | 16276 |
| EMERSON ELEC CO | COM | 291011104 |  | 1323603 | 10090 | SH |  | SOLE | 0 | 0 | 0 | 10090 |
| ENBRIDGE INC | COM | 29250N105 |  | 535028 | 10603 | SH |  | SOLE | 0 | 0 | 0 | 10603 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 444980 | 14230 | SH |  | SOLE | 0 | 0 | 0 | 14230 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 1567606 | 28653 | SH |  | SOLE | 0 | 0 | 0 | 28653 |
| EXELON CORP | COM | 30161N101 |  | 226130 | 5024 | SH |  | SOLE | 0 | 0 | 0 | 5024 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 15435898 | 136904 | SH |  | SOLE | 0 | 0 | 0 | 136904 |
| FEDEX CORP | COM | 31428X106 |  | 2143357 | 9089 | SH |  | SOLE | 0 | 0 | 0 | 9089 |
| FIRST TR EXCH TRADED FD III | LNG/SHT EQUITY | 33739P103 |  | 253709 | 3627 | SH |  | SOLE | 0 | 0 | 0 | 3627 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 223032 | 797 | SH |  | SOLE | 0 | 0 | 0 | 797 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3802183 | 96945 | SH |  | SOLE | 0 | 0 | 0 | 96945 |
| GE AEROSPACE | COM NEW | 369604301 |  | 4425062 | 14710 | SH |  | SOLE | 0 | 0 | 0 | 14710 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 794633 | 10581 | SH |  | SOLE | 0 | 0 | 0 | 10581 |
| GE VERNOVA INC | COM | 36828A101 |  | 3771797 | 6134 | SH |  | SOLE | 0 | 0 | 0 | 6134 |
| GENERAC HLDGS INC | COM | 368736104 |  | 767696 | 4586 | SH |  | SOLE | 0 | 0 | 0 | 4586 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 691419 | 2028 | SH |  | SOLE | 0 | 0 | 0 | 2028 |
| GENERAL MLS INC | COM | 370334104 |  | 474255 | 9406 | SH |  | SOLE | 0 | 0 | 0 | 9406 |
| GENERAL MTRS CO | COM | 37045V100 |  | 993445 | 16294 | SH |  | SOLE | 0 | 0 | 0 | 16294 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 425216 | 8920 | SH |  | SOLE | 0 | 0 | 0 | 8920 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 221718 | 4655 | SH |  | SOLE | 0 | 0 | 0 | 4655 |
| GLOBAL X FDS | RBTCS ARTFL INTE | 37954Y715 |  | 237063 | 6691 | SH |  | SOLE | 0 | 0 | 0 | 6691 |
| GLOBAL X FDS | S 500 COVERED | 37954Y475 |  | 236940 | 6035 | SH |  | SOLE | 0 | 0 | 0 | 6035 |
| GOLDMAN SACHS ETF TR | NASDAQ-100 PREMI | 38149W630 |  | 11892095 | 226689 | SH |  | SOLE | 0 | 0 | 0 | 226689 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 18745260 | 369729 | SH |  | SOLE | 0 | 0 | 0 | 369729 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3498644 | 4393 | SH |  | SOLE | 0 | 0 | 0 | 4393 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 5726401 | 13436 | SH |  | SOLE | 0 | 0 | 0 | 13436 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 357305 | 14548 | SH |  | SOLE | 0 | 0 | 0 | 14548 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 7996979 | 30824 | SH |  | SOLE | 0 | 0 | 0 | 30824 |
| HOLOGIC INC | COM | 436440101 |  | 275832 | 4087 | SH |  | SOLE | 0 | 0 | 0 | 4087 |
| HOME DEPOT INC | COM | 437076102 |  | 10584700 | 26123 | SH |  | SOLE | 0 | 0 | 0 | 26123 |
| HONEYWELL INTL INC | COM | 438516106 |  | 8484624 | 40307 | SH |  | SOLE | 0 | 0 | 0 | 40307 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 208104 | 12050 | SH |  | SOLE | 0 | 0 | 0 | 12050 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 214083 | 821 | SH |  | SOLE | 0 | 0 | 0 | 821 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 793975 | 8750 | SH |  | SOLE | 0 | 0 | 0 | 8750 |
| INGEVITY CORP | COM | 45688C107 |  | 9109165 | 165051 | SH |  | SOLE | 0 | 0 | 0 | 165051 |
| INTEL CORP | COM | 458140100 |  | 1333136 | 39736 | SH |  | SOLE | 0 | 0 | 0 | 39736 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1756054 | 6224 | SH |  | SOLE | 0 | 0 | 0 | 6224 |
| INTUIT | COM | 461202103 |  | 10680029 | 15639 | SH |  | SOLE | 0 | 0 | 0 | 15639 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 917205 | 12482 | SH |  | SOLE | 0 | 0 | 0 | 12482 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 1415506 | 28625 | SH |  | SOLE | 0 | 0 | 0 | 28625 |
| INVESCO EXCHANGE TRADED FD T | S 100 EQL WIGH | 46137V449 |  | 1122603 | 9789 | SH |  | SOLE | 0 | 0 | 0 | 9789 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 3416477 | 76637 | SH |  | SOLE | 0 | 0 | 0 | 76637 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 3872705 | 20415 | SH |  | SOLE | 0 | 0 | 0 | 20415 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2256940 | 3759 | SH |  | SOLE | 0 | 0 | 0 | 3759 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1840670 | 28318 | SH |  | SOLE | 0 | 0 | 0 | 28318 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 264526 | 8395 | SH |  | SOLE | 0 | 0 | 0 | 8395 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 707688 | 9725 | SH |  | SOLE | 0 | 0 | 0 | 9725 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 241999 | 2018 | SH |  | SOLE | 0 | 0 | 0 | 2018 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 2075915 | 25881 | SH |  | SOLE | 0 | 0 | 0 | 25881 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 2314556 | 55625 | SH |  | SOLE | 0 | 0 | 0 | 55625 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 430721 | 6534 | SH |  | SOLE | 0 | 0 | 0 | 6534 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 775690 | 2047 | SH |  | SOLE | 0 | 0 | 0 | 2047 |
| ISHARES TR | S 100 ETF | 464287101 |  | 20832788 | 62591 | SH |  | SOLE | 0 | 0 | 0 | 62591 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 458395 | 14497 | SH |  | SOLE | 0 | 0 | 0 | 14497 |
| ISHARES TR | U.S. FIN SVC ETF | 464287770 |  | 1969929 | 21976 | SH |  | SOLE | 0 | 0 | 0 | 21976 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2012070 | 10273 | SH |  | SOLE | 0 | 0 | 0 | 10273 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 603339 | 4136 | SH |  | SOLE | 0 | 0 | 0 | 4136 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1581229 | 9610 | SH |  | SOLE | 0 | 0 | 0 | 9610 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 385648 | 1205 | SH |  | SOLE | 0 | 0 | 0 | 1205 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 406797 | 4070 | SH |  | SOLE | 0 | 0 | 0 | 4070 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 14776608 | 116682 | SH |  | SOLE | 0 | 0 | 0 | 116682 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 644288 | 6772 | SH |  | SOLE | 0 | 0 | 0 | 6772 |
| ISHARES TR | US CONSM STAPLES | 464287812 |  | 264464 | 3867 | SH |  | SOLE | 0 | 0 | 0 | 3867 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 776299 | 21239 | SH |  | SOLE | 0 | 0 | 0 | 21239 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2148642 | 11047 | SH |  | SOLE | 0 | 0 | 0 | 11047 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 221996 | 3695 | SH |  | SOLE | 0 | 0 | 0 | 3695 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1545095 | 10873 | SH |  | SOLE | 0 | 0 | 0 | 10873 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 387234 | 5400 | SH |  | SOLE | 0 | 0 | 0 | 5400 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 648955 | 6222 | SH |  | SOLE | 0 | 0 | 0 | 6222 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 276342 | 2595 | SH |  | SOLE | 0 | 0 | 0 | 2595 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 5092773 | 54544 | SH |  | SOLE | 0 | 0 | 0 | 54544 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 424376 | 4861 | SH |  | SOLE | 0 | 0 | 0 | 4861 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 1428727 | 5221 | SH |  | SOLE | 0 | 0 | 0 | 5221 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 511128 | 4234 | SH |  | SOLE | 0 | 0 | 0 | 4234 |
| ISHARES TR | DOW JONES US ETF | 464287846 |  | 829775 | 5107 | SH |  | SOLE | 0 | 0 | 0 | 5107 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 907570 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 1216317 | 3328 | SH |  | SOLE | 0 | 0 | 0 | 3328 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1123771 | 17220 | SH |  | SOLE | 0 | 0 | 0 | 17220 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 206510 | 1000 | SH |  | SOLE | 0 | 0 | 0 | 1000 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 229843 | 3570 | SH |  | SOLE | 0 | 0 | 0 | 3570 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1092375 | 7500 | SH |  | SOLE | 0 | 0 | 0 | 7500 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 1995811 | 19044 | SH |  | SOLE | 0 | 0 | 0 | 19044 |
| ISHARES TR | U.S. PHARMA ETF | 464288836 |  | 1914350 | 26383 | SH |  | SOLE | 0 | 0 | 0 | 26383 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 237554 | 2086 | SH |  | SOLE | 0 | 0 | 0 | 2086 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 414726 | 4272 | SH |  | SOLE | 0 | 0 | 0 | 4272 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 813664 | 7620 | SH |  | SOLE | 0 | 0 | 0 | 7620 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 634996 | 6583 | SH |  | SOLE | 0 | 0 | 0 | 6583 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 371512 | 2101 | SH |  | SOLE | 0 | 0 | 0 | 2101 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 471194 | 8970 | SH |  | SOLE | 0 | 0 | 0 | 8970 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 229008 | 3900 | SH |  | SOLE | 0 | 0 | 0 | 3900 |
| ISHARES TR | RUS TOP 200 ETF | 464289446 |  | 1645885 | 9909 | SH |  | SOLE | 0 | 0 | 0 | 9909 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 3446345 | 16469 | SH |  | SOLE | 0 | 0 | 0 | 16469 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 233809 | 1148 | SH |  | SOLE | 0 | 0 | 0 | 1148 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 638290 | 6367 | SH |  | SOLE | 0 | 0 | 0 | 6367 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 574774 | 2120 | SH |  | SOLE | 0 | 0 | 0 | 2120 |
| ISHARES TR | US OIL EQ ETF | 464288844 |  | 394577 | 20455 | SH |  | SOLE | 0 | 0 | 0 | 20455 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 201647 | 4317 | SH |  | SOLE | 0 | 0 | 0 | 4317 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 565471 | 4759 | SH |  | SOLE | 0 | 0 | 0 | 4759 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 4723742 | 56940 | SH |  | SOLE | 0 | 0 | 0 | 56940 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 913301 | 7459 | SH |  | SOLE | 0 | 0 | 0 | 7459 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 1462278 | 5702 | SH |  | SOLE | 0 | 0 | 0 | 5702 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5590880 | 8353 | SH |  | SOLE | 0 | 0 | 0 | 8353 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 54697584 | 529964 | SH |  | SOLE | 0 | 0 | 0 | 529964 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1803418 | 16322 | SH |  | SOLE | 0 | 0 | 0 | 16322 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 209341 | 2342 | SH |  | SOLE | 0 | 0 | 0 | 2342 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 887637 | 1895 | SH |  | SOLE | 0 | 0 | 0 | 1895 |
| ISHARES TR | MBS ETF | 464288588 |  | 1922030 | 20200 | SH |  | SOLE | 0 | 0 | 0 | 20200 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 5015816 | 43612 | SH |  | SOLE | 0 | 0 | 0 | 43612 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 358314 | 6710 | SH |  | SOLE | 0 | 0 | 0 | 6710 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 3787430 | 15653 | SH |  | SOLE | 0 | 0 | 0 | 15653 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 5581821 | 107219 | SH |  | SOLE | 0 | 0 | 0 | 107219 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 18982854 | 332449 | SH |  | SOLE | 0 | 0 | 0 | 332449 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 16395470 | 252238 | SH |  | SOLE | 0 | 0 | 0 | 252238 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 2464237 | 48576 | SH |  | SOLE | 0 | 0 | 0 | 48576 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 16835141 | 90795 | SH |  | SOLE | 0 | 0 | 0 | 90795 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 39595540 | 125529 | SH |  | SOLE | 0 | 0 | 0 | 125529 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1374512 | 11054 | SH |  | SOLE | 0 | 0 | 0 | 11054 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 506126 | 17878 | SH |  | SOLE | 0 | 0 | 0 | 17878 |
| KROGER CO | COM | 501044101 |  | 1497648 | 22217 | SH |  | SOLE | 0 | 0 | 0 | 22217 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 20347648 | 86281 | SH |  | SOLE | 0 | 0 | 0 | 86281 |
| LINDE PLC | SHS | G54950103 |  | 1266825 | 2667 | SH |  | SOLE | 0 | 0 | 0 | 2667 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1438693 | 2882 | SH |  | SOLE | 0 | 0 | 0 | 2882 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 19177091 | 215861 | SH |  | SOLE | 0 | 0 | 0 | 215861 |
| LOWES COS INC | COM | 548661107 |  | 6223573 | 24765 | SH |  | SOLE | 0 | 0 | 0 | 24765 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 1462940 | 8222 | SH |  | SOLE | 0 | 0 | 0 | 8222 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1021446 | 3922 | SH |  | SOLE | 0 | 0 | 0 | 3922 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3117828 | 5481 | SH |  | SOLE | 0 | 0 | 0 | 5481 |
| MCDONALDS CORP | COM | 580135101 |  | 2706244 | 8905 | SH |  | SOLE | 0 | 0 | 0 | 8905 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1122880 | 11790 | SH |  | SOLE | 0 | 0 | 0 | 11790 |
| MERCK  CO INC | COM | 58933Y105 |  | 9164168 | 109188 | SH |  | SOLE | 0 | 0 | 0 | 109188 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1493256 | 2033 | SH |  | SOLE | 0 | 0 | 0 | 2033 |
| MICROSOFT CORP | COM | 594918104 |  | 80386963 | 155202 | SH |  | SOLE | 0 | 0 | 0 | 155202 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 1052928 | 74570 | SH |  | SOLE | 0 | 0 | 0 | 74570 |
| MOHAWK INDS INC | COM | 608190104 |  | 568279 | 4408 | SH |  | SOLE | 0 | 0 | 0 | 4408 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 499189 | 7991 | SH |  | SOLE | 0 | 0 | 0 | 7991 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 4793916 | 30158 | SH |  | SOLE | 0 | 0 | 0 | 30158 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 218916 | 3264 | SH |  | SOLE | 0 | 0 | 0 | 3264 |
| NETFLIX INC | COM | 64110L106 |  | 2418990 | 2018 | SH |  | SOLE | 0 | 0 | 0 | 2018 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 11257444 | 149125 | SH |  | SOLE | 0 | 0 | 0 | 149125 |
| NIKE INC | CL B | 654106103 |  | 3032279 | 43486 | SH |  | SOLE | 0 | 0 | 0 | 43486 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 89707 | 18650 | SH |  | SOLE | 0 | 0 | 0 | 18650 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 5889543 | 19605 | SH |  | SOLE | 0 | 0 | 0 | 19605 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2335524 | 3833 | SH |  | SOLE | 0 | 0 | 0 | 3833 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 3068398 | 23927 | SH |  | SOLE | 0 | 0 | 0 | 23927 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1821854 | 32832 | SH |  | SOLE | 0 | 0 | 0 | 32832 |
| NUCOR CORP | COM | 670346105 |  | 270589 | 1998 | SH |  | SOLE | 0 | 0 | 0 | 1998 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6951969 | 37260 | SH |  | SOLE | 0 | 0 | 0 | 37260 |
| ORACLE CORP | COM | 68389X105 |  | 2972647 | 10570 | SH |  | SOLE | 0 | 0 | 0 | 10570 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 8572297 | 79513 | SH |  | SOLE | 0 | 0 | 0 | 79513 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 320462 | 3505 | SH |  | SOLE | 0 | 0 | 0 | 3505 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 399474 | 7295 | SH |  | SOLE | 0 | 0 | 0 | 7295 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 406614 | 2229 | SH |  | SOLE | 0 | 0 | 0 | 2229 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 139331 | 12575 | SH |  | SOLE | 0 | 0 | 0 | 12575 |
| PAYCHEX INC | COM | 704326107 |  | 440998 | 3479 | SH |  | SOLE | 0 | 0 | 0 | 3479 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 8331516 | 124240 | SH |  | SOLE | 0 | 0 | 0 | 124240 |
| PEPSICO INC | COM | 713448108 |  | 7173690 | 51080 | SH |  | SOLE | 0 | 0 | 0 | 51080 |
| PFIZER INC | COM | 717081103 |  | 1544954 | 60634 | SH |  | SOLE | 0 | 0 | 0 | 60634 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1345676 | 8296 | SH |  | SOLE | 0 | 0 | 0 | 8296 |
| PHILLIPS 66 | COM | 718546104 |  | 2516058 | 18498 | SH |  | SOLE | 0 | 0 | 0 | 18498 |
| PIMCO CORPORATE  INCOME OPP | COM | 72201B101 |  | 239207 | 16566 | SH |  | SOLE | 0 | 0 | 0 | 16566 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 6098089 | 65325 | SH |  | SOLE | 0 | 0 | 0 | 65325 |
| PIMCO ETF TR | ULTRA SHORT GOVT | 72201R577 |  | 1910265 | 18878 | SH |  | SOLE | 0 | 0 | 0 | 18878 |
| PIMCO ETF TR | ENHNCD LW DUR AC | 72201R718 |  | 1911940 | 19886 | SH |  | SOLE | 0 | 0 | 0 | 19886 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 2864909 | 30546 | SH |  | SOLE | 0 | 0 | 0 | 30546 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 1412718 | 13610 | SH |  | SOLE | 0 | 0 | 0 | 13610 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4002220 | 26048 | SH |  | SOLE | 0 | 0 | 0 | 26048 |
| PROGRESSIVE CORP | COM | 743315103 |  | 35761076 | 144811 | SH |  | SOLE | 0 | 0 | 0 | 144811 |
| PROLOGIS INC. | COM | 74340W103 |  | 1623092 | 14173 | SH |  | SOLE | 0 | 0 | 0 | 14173 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1349436 | 13008 | SH |  | SOLE | 0 | 0 | 0 | 13008 |
| PULTE GROUP INC | COM | 745867101 |  | 13687215 | 103589 | SH |  | SOLE | 0 | 0 | 0 | 103589 |
| QUALCOMM INC | COM | 747525103 |  | 10900594 | 65524 | SH |  | SOLE | 0 | 0 | 0 | 65524 |
| QUANTA SVCS INC | COM | 74762E102 |  | 884787 | 2135 | SH |  | SOLE | 0 | 0 | 0 | 2135 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 2333956 | 88508 | SH |  | SOLE | 0 | 0 | 0 | 88508 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 2846470 | 12404 | SH |  | SOLE | 0 | 0 | 0 | 12404 |
| ROYAL BK CDA | COM | 780087102 |  | 895706 | 6080 | SH |  | SOLE | 0 | 0 | 0 | 6080 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 931910 | 2880 | SH |  | SOLE | 0 | 0 | 0 | 2880 |
| RTX CORPORATION | COM | 75513E101 |  | 25642078 | 153243 | SH |  | SOLE | 0 | 0 | 0 | 153243 |
| S GLOBAL INC | COM | 78409V104 |  | 278885 | 573 | SH |  | SOLE | 0 | 0 | 0 | 573 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 219006 | 6372 | SH |  | SOLE | 0 | 0 | 0 | 6372 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 10215419 | 107001 | SH |  | SOLE | 0 | 0 | 0 | 107001 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3522914 | 126269 | SH |  | SOLE | 0 | 0 | 0 | 126269 |
| SCHWAB STRATEGIC TR | 5 10YR CORP BD | 808524698 |  | 309457 | 13408 | SH |  | SOLE | 0 | 0 | 0 | 13408 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 318412 | 12385 | SH |  | SOLE | 0 | 0 | 0 | 12385 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 223736 | 5208 | SH |  | SOLE | 0 | 0 | 0 | 5208 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 514692 | 16130 | SH |  | SOLE | 0 | 0 | 0 | 16130 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 859614 | 31488 | SH |  | SOLE | 0 | 0 | 0 | 31488 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 285772 | 12275 | SH |  | SOLE | 0 | 0 | 0 | 12275 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 453812 | 17229 | SH |  | SOLE | 0 | 0 | 0 | 17229 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 227063 | 7287 | SH |  | SOLE | 0 | 0 | 0 | 7287 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 279772 | 11133 | SH |  | SOLE | 0 | 0 | 0 | 11133 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 394947 | 15017 | SH |  | SOLE | 0 | 0 | 0 | 15017 |
| SEI INVTS CO | COM | 784117103 |  | 797590 | 9400 | SH |  | SOLE | 0 | 0 | 0 | 9400 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 7101514 | 25195 | SH |  | SOLE | 0 | 0 | 0 | 25195 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 678251 | 16099 | SH |  | SOLE | 0 | 0 | 0 | 16099 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1838622 | 34131 | SH |  | SOLE | 0 | 0 | 0 | 34131 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 2769740 | 23399 | SH |  | SOLE | 0 | 0 | 0 | 23399 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1896836 | 21232 | SH |  | SOLE | 0 | 0 | 0 | 21232 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 6142407 | 44136 | SH |  | SOLE | 0 | 0 | 0 | 44136 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 2855934 | 32748 | SH |  | SOLE | 0 | 0 | 0 | 32748 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 5583434 | 36202 | SH |  | SOLE | 0 | 0 | 0 | 36202 |
| SHELL PLC | SPON ADS | 780259305 |  | 386977 | 5410 | SH |  | SOLE | 0 | 0 | 0 | 5410 |
| SMITH A O CORP | COM | 831865209 |  | 9551522 | 130112 | SH |  | SOLE | 0 | 0 | 0 | 130112 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 40279100 | 946185 | SH |  | SOLE | 0 | 0 | 0 | 946185 |
| SOUTHERN CO | COM | 842587107 |  | 1978887 | 20881 | SH |  | SOLE | 0 | 0 | 0 | 20881 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 401599 | 866 | SH |  | SOLE | 0 | 0 | 0 | 866 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 10421669 | 29318 | SH |  | SOLE | 0 | 0 | 0 | 29318 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 15397598 | 23113 | SH |  | SOLE | 0 | 0 | 0 | 23113 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 220531 | 370 | SH |  | SOLE | 0 | 0 | 0 | 370 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 11807570 | 186533 | SH |  | SOLE | 0 | 0 | 0 | 186533 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 583783 | 5826 | SH |  | SOLE | 0 | 0 | 0 | 5826 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 328270 | 2344 | SH |  | SOLE | 0 | 0 | 0 | 2344 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 211934 | 902 | SH |  | SOLE | 0 | 0 | 0 | 902 |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 |  | 10934616 | 232800 | SH |  | SOLE | 0 | 0 | 0 | 232800 |
| SSGA ACTIVE TR | SPDR NUVEEN MUN | 78470P705 |  | 2540032 | 92850 | SH |  | SOLE | 0 | 0 | 0 | 92850 |
| STARBUCKS CORP | COM | 855244109 |  | 339077 | 4008 | SH |  | SOLE | 0 | 0 | 0 | 4008 |
| SYNOPSYS INC | COM | 871607107 |  | 290113 | 588 | SH |  | SOLE | 0 | 0 | 0 | 588 |
| T-MOBILE US INC | COM | 872590104 |  | 1339810 | 5597 | SH |  | SOLE | 0 | 0 | 0 | 5597 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 796256 | 2851 | SH |  | SOLE | 0 | 0 | 0 | 2851 |
| TARGET CORP | COM | 87612E106 |  | 531383 | 5924 | SH |  | SOLE | 0 | 0 | 0 | 5924 |
| TESLA INC | COM | 88160R101 |  | 1056444 | 2376 | SH |  | SOLE | 0 | 0 | 0 | 2376 |
| TEXAS INSTRS INC | COM | 882508104 |  | 9674437 | 52656 | SH |  | SOLE | 0 | 0 | 0 | 52656 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 853292 | 914 | SH |  | SOLE | 0 | 0 | 0 | 914 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 303623 | 626 | SH |  | SOLE | 0 | 0 | 0 | 626 |
| TJX COS INC NEW | COM | 872540109 |  | 21752692 | 150496 | SH |  | SOLE | 0 | 0 | 0 | 150496 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 20394151 | 358610 | SH |  | SOLE | 0 | 0 | 0 | 358610 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 337377 | 1208 | SH |  | SOLE | 0 | 0 | 0 | 1208 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 4765758 | 104238 | SH |  | SOLE | 0 | 0 | 0 | 104238 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1345005 | 2460 | SH |  | SOLE | 0 | 0 | 0 | 2460 |
| UNION PAC CORP | COM | 907818108 |  | 1601928 | 6777 | SH |  | SOLE | 0 | 0 | 0 | 6777 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 247383 | 7891 | SH |  | SOLE | 0 | 0 | 0 | 7891 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 18158839 | 52589 | SH |  | SOLE | 0 | 0 | 0 | 52589 |
| UNUM GROUP | COM | 91529Y106 |  | 861569 | 11077 | SH |  | SOLE | 0 | 0 | 0 | 11077 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 299714 | 1760 | SH |  | SOLE | 0 | 0 | 0 | 1760 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 827975 | 2537 | SH |  | SOLE | 0 | 0 | 0 | 2537 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 230324 | 3097 | SH |  | SOLE | 0 | 0 | 0 | 3097 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 261521 | 1498 | SH |  | SOLE | 0 | 0 | 0 | 1498 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2603327 | 5428 | SH |  | SOLE | 0 | 0 | 0 | 5428 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 411024 | 2204 | SH |  | SOLE | 0 | 0 | 0 | 2204 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 450010 | 1532 | SH |  | SOLE | 0 | 0 | 0 | 1532 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 714802 | 2178 | SH |  | SOLE | 0 | 0 | 0 | 2178 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 13092679 | 21380 | SH |  | SOLE | 0 | 0 | 0 | 21380 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 331585 | 6120 | SH |  | SOLE | 0 | 0 | 0 | 6120 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 15528491 | 194276 | SH |  | SOLE | 0 | 0 | 0 | 194276 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 287536 | 6123 | SH |  | SOLE | 0 | 0 | 0 | 6123 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 47531674 | 807675 | SH |  | SOLE | 0 | 0 | 0 | 807675 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 977507 | 4530 | SH |  | SOLE | 0 | 0 | 0 | 4530 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 326353 | 2315 | SH |  | SOLE | 0 | 0 | 0 | 2315 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 483302 | 3840 | SH |  | SOLE | 0 | 0 | 0 | 3840 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 421093 | 1622 | SH |  | SOLE | 0 | 0 | 0 | 1622 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 236858 | 1251 | SH |  | SOLE | 0 | 0 | 0 | 1251 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 11299658 | 46293 | SH |  | SOLE | 0 | 0 | 0 | 46293 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 734684 | 984 | SH |  | SOLE | 0 | 0 | 0 | 984 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 282957 | 955 | SH |  | SOLE | 0 | 0 | 0 | 955 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 981905 | 22341 | SH |  | SOLE | 0 | 0 | 0 | 22341 |
| VISA INC | COM CL A | 92826C839 |  | 35415246 | 103741 | SH |  | SOLE | 0 | 0 | 0 | 103741 |
| VULCAN MATLS CO | COM | 929160109 |  | 2552323 | 8297 | SH |  | SOLE | 0 | 0 | 0 | 8297 |
| WALMART INC | COM | 931142103 |  | 23937022 | 232263 | SH |  | SOLE | 0 | 0 | 0 | 232263 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 219124 | 992 | SH |  | SOLE | 0 | 0 | 0 | 992 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 637535 | 7606 | SH |  | SOLE | 0 | 0 | 0 | 7606 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 563353 | 22725 | SH |  | SOLE | 0 | 0 | 0 | 22725 |
| WILLIAMS COS INC | COM | 969457100 |  | 702361 | 11087 | SH |  | SOLE | 0 | 0 | 0 | 11087 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 985163 | 5040 | SH |  | SOLE | 0 | 0 | 0 | 5040 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 1197721 | 9355 | SH |  | SOLE | 0 | 0 | 0 | 9355 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 13511988 | 268095 | SH |  | SOLE | 0 | 0 | 0 | 268095 |
| XPO INC | COM | 983793100 |  | 336102 | 2600 | SH |  | SOLE | 0 | 0 | 0 | 2600 |
| XYLEM INC | COM | 98419M100 |  | 2331238 | 15805 | SH |  | SOLE | 0 | 0 | 0 | 15805 |
| ZOETIS INC | CL A | 98978V103 |  | 2107593 | 14404 | SH |  | SOLE | 0 | 0 | 0 | 14404 |

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