# EDGAR Filing Document

**Accession Number:** 0001727917
**File Stem:** 0001727917-25-000011
**Filing Date:** 2025-10
**Character Count:** 21633
**Document Hash:** 07609a04209ba7b26c63bb0434361fc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001727917-25-000011.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001727917-25-000011

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251024

**EFFECTIVENESS DATE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gradient Capital Advisors, LLC
- **CENTRAL INDEX KEY:** 0001727917

**ORGANIZATION NAME:**
- **EIN:** 463539447
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18357
- **FILM NUMBER:** 251417278

**BUSINESS ADDRESS:**
- **STREET 1:** 2125 POINSETTIA DRIVE
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92107
- **BUSINESS PHONE:** 619-255-0700

**MAIL ADDRESS:**
- **STREET 1:** 2125 POINSETTIA DRIVE
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92107

### 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:** Gradient Capital Advisors LLC<br>**Address:** 2125 POINSETTIA DRIVE<br>SAN DIEGO, CA 92107

**Form 13F File Number:** 028-18357

**CRD Number (if applicable):** 000168912

**SEC File Number (if applicable):** 801-78917

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:** Timothy Sagawa<br>**Title:** Chief Compliance Officer<br>**Phone:** 6192550700

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

Timothy Sagawa  San Diego, CA  10-24-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 167

**Form 13F Information Table Value Total:** $373105910

      (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 |
| AMAZON COM INC COM | Stock | 023135106 |  | 2244005 | 10220 | SH |  | SOLE | 0 | 0 | 0 | 10220 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 925631 | 1542 | SH |  | SOLE | 0 | 0 | 0 | 1541 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 321320 | 1140 | SH |  | SOLE | 0 | 0 | 0 | 1140 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 270720 | 3200 | SH |  | SOLE | 0 | 0 | 0 | 3200 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 1005685 | 5424 | SH |  | SOLE | 0 | 0 | 0 | 5423 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 1365987 | 4162 | SH |  | SOLE | 0 | 0 | 0 | 4162 |
| VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | ETF | 921946794 |  | 256834 | 3033 | SH |  | SOLE | 0 | 0 | 0 | 3033 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 864600 | 934 | SH |  | SOLE | 0 | 0 | 0 | 934 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 262796 | 330 | SH |  | SOLE | 0 | 0 | 0 | 330 |
| YUM BRANDS INC COM | Stock | 988498101 |  | 232408 | 1529 | SH |  | SOLE | 0 | 0 | 0 | 1529 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 284510 | 1852 | SH |  | SOLE | 0 | 0 | 0 | 1851 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 1614412 | 17659 | SH |  | SOLE | 0 | 0 | 0 | 17659 |
| INTEL CORP COM | Stock | 458140100 |  | 318179 | 9484 | SH |  | SOLE | 0 | 0 | 0 | 9483 |
| NETFLIX INC COM | Stock | 64110L106 |  | 803276 | 670 | SH |  | SOLE | 0 | 0 | 0 | 670 |
| SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST | ETF | 78467X109 |  | 214712 | 463 | SH |  | SOLE | 0 | 0 | 0 | 463 |
| ISHARES SILVER TRUST | ETF | 46428Q109 |  | 1080986 | 25513 | SH |  | SOLE | 0 | 0 | 0 | 25513 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 642437 | 964 | SH |  | SOLE | 0 | 0 | 0 | 964 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 230225 | 2070 | SH |  | SOLE | 0 | 0 | 0 | 2070 |
| BANK NEW YORK MELLON CORP COM | Stock | 064058100 |  | 649511 | 5961 | SH |  | SOLE | 0 | 0 | 0 | 5961 |
| ISHARES SELECT U.S. REIT ETF | ETF | 464287564 |  | 253874 | 4120 | SH |  | SOLE | 0 | 0 | 0 | 4120 |
| FEDEX CORP COM | Stock | 31428X106 |  | 227557 | 965 | SH |  | SOLE | 0 | 0 | 0 | 965 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 965665 | 2383 | SH |  | SOLE | 0 | 0 | 0 | 2383 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 3372344 | 9487 | SH |  | SOLE | 0 | 0 | 0 | 9487 |
| SOUTHERN CO COM | Stock | 842587107 |  | 206557 | 2180 | SH |  | SOLE | 0 | 0 | 0 | 2179 |
| SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 |  | 1207098 | 43265 | SH |  | SOLE | 0 | 0 | 0 | 43265 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 1962033 | 76314 | SH |  | SOLE | 0 | 0 | 0 | 76314 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 10573449 | 454186 | SH |  | SOLE | 0 | 0 | 0 | 454185 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 7369314 | 279777 | SH |  | SOLE | 0 | 0 | 0 | 279776 |
| CONSUMER STAPLES SELECT SECTOR SPDR FUND | ETF | 81369Y308 |  | 866005 | 11050 | SH |  | SOLE | 0 | 0 | 0 | 11050 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 6406215 | 126281 | SH |  | SOLE | 0 | 0 | 0 | 126280 |
| SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF | ETF | 78464A474 |  | 603482 | 19923 | SH |  | SOLE | 0 | 0 | 0 | 19923 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 751793 | 6327 | SH |  | SOLE | 0 | 0 | 0 | 6326 |
| ISHARES IBONDS DEC 2027 TERM CORPORATE ETF | ETF | 46435UAA9 |  | 318781 | 13097 | SH |  | SOLE | 0 | 0 | 0 | 13097 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 4736816 | 9422 | SH |  | SOLE | 0 | 0 | 0 | 9422 |
| SCHWAB EMERGING MARKETS EQUITY ETF | ETF | 808524706 |  | 491546 | 14730 | SH |  | SOLE | 0 | 0 | 0 | 14730 |
| ADOBE INC COM | Stock | 00724F101 |  | 240576 | 682 | SH |  | SOLE | 0 | 0 | 0 | 682 |
| VANGUARD SHORT-TERM CORPORATE BOND ETF | ETF | 92206C409 |  | 12795490 | 160084 | SH |  | SOLE | 0 | 0 | 0 | 160083 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 5548774 | 22825 | SH |  | SOLE | 0 | 0 | 0 | 22825 |
| INTUIT COM | Stock | 461202103 |  | 486232 | 712 | SH |  | SOLE | 0 | 0 | 0 | 712 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 7621893 | 14715 | SH |  | SOLE | 0 | 0 | 0 | 14715 |
| SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST | ETF | 98149E303 |  | 2310319 | 30220 | SH |  | SOLE | 0 | 0 | 0 | 30220 |
| BOEING CO COM | Stock | 097023105 |  | 348997 | 1617 | SH |  | SOLE | 0 | 0 | 0 | 1617 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 3383615 | 13307 | SH |  | SOLE | 0 | 0 | 0 | 13306 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 4395628 | 14964 | SH |  | SOLE | 0 | 0 | 0 | 14964 |
| VANGUARD LARGE-CAP ETF | ETF | 922908637 |  | 8311569 | 26998 | SH |  | SOLE | 0 | 0 | 0 | 26997 |
| UR-ENERGY INC COM | Stock | 91688R108 |  | 17900 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| ISHARES IBONDS DEC 2028 TERM CORPORATE ETF | ETF | 46435U515 |  | 243257 | 9532 | SH |  | SOLE | 0 | 0 | 0 | 9532 |
| TESLA INC COM | Stock | 88160R101 |  | 7168886 | 16120 | SH |  | SOLE | 0 | 0 | 0 | 16120 |
| JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF | ETF | 46641Q654 |  | 549548 | 10767 | SH |  | SOLE | 0 | 0 | 0 | 10767 |
| VANGUARD HEALTH CARE ETF | ETF | 92204A504 |  | 697800 | 2688 | SH |  | SOLE | 0 | 0 | 0 | 2687 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 407327 | 7561 | SH |  | SOLE | 0 | 0 | 0 | 7561 |
| SCHWAB SHORT-TERM US TREASURY ETF | ETF | 808524862 |  | 284259 | 11650 | SH |  | SOLE | 0 | 0 | 0 | 11649 |
| SCHWAB U.S. LARGE-CAP VALUE ETF | ETF | 808524409 |  | 1242901 | 42697 | SH |  | SOLE | 0 | 0 | 0 | 42696 |
| SCHWAB US TIPS ETF | ETF | 808524870 |  | 561045 | 20818 | SH |  | SOLE | 0 | 0 | 0 | 20818 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 4565356 | 7455 | SH |  | SOLE | 0 | 0 | 0 | 7455 |
| VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF | ETF | 922042676 |  | 3781390 | 79208 | SH |  | SOLE | 0 | 0 | 0 | 79208 |
| SCHWAB U.S. REIT ETF | ETF | 808524847 |  | 906264 | 42015 | SH |  | SOLE | 0 | 0 | 0 | 42015 |
| AVANTIS U.S. SMALL CAP VALUE ETF | ETF | 025072877 |  | 1342958 | 13493 | SH |  | SOLE | 0 | 0 | 0 | 13493 |
| SCHWAB U.S. MID-CAP ETF | ETF | 808524508 |  | 9529734 | 321516 | SH |  | SOLE | 0 | 0 | 0 | 321516 |
| ISHARES IBONDS DEC 2029 TERM CORPORATE ETF | ETF | 46436E205 |  | 494888 | 21086 | SH |  | SOLE | 0 | 0 | 0 | 21086 |
| AVANTIS INTERNATIONAL SMALL CAP VALUE ETF | ETF | 025072802 |  | 1990355 | 22356 | SH |  | SOLE | 0 | 0 | 0 | 22356 |
| VANGUARD TOTAL INTERNATIONAL STOCK ETF | ETF | 921909768 |  | 4376736 | 59580 | SH |  | SOLE | 0 | 0 | 0 | 59579 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 1455147 | 6014 | SH |  | SOLE | 0 | 0 | 0 | 6014 |
| INVESCO S 500 LOW VOLATILITY ETF | ETF | 46138E354 |  | 443819 | 6040 | SH |  | SOLE | 0 | 0 | 0 | 6040 |
| ISHARES IBONDS DEC 2030 TERM CORPORATE ETF | ETF | 46436E726 |  | 651985 | 29435 | SH |  | SOLE | 0 | 0 | 0 | 29435 |
| VANGUARD SMALL CAP VALUE ETF | ETF | 922908611 |  | 2411917 | 11556 | SH |  | SOLE | 0 | 0 | 0 | 11556 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 294791 | 1616 | SH |  | SOLE | 0 | 0 | 0 | 1616 |
| SPDR BLOOMBERG 3-12 MONTH T-BILL ETF | ETF | 78468R523 |  | 3098655 | 31136 | SH |  | SOLE | 0 | 0 | 0 | 31136 |
| REGENERON PHARMACEUTICALS COM | Stock | 75886F107 |  | 216474 | 385 | SH |  | SOLE | 0 | 0 | 0 | 385 |
| DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF | ETF | 25434V203 |  | 573276 | 15771 | SH |  | SOLE | 0 | 0 | 0 | 15771 |
| DIMENSIONAL EMERGING CORE EQUITY MARKET ETF | ETF | 25434V302 |  | 2069093 | 65623 | SH |  | SOLE | 0 | 0 | 0 | 65623 |
| SCHWAB US AGGREGATE BOND ETF | ETF | 808524839 |  | 730721 | 31134 | SH |  | SOLE | 0 | 0 | 0 | 31134 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 3947894 | 144612 | SH |  | SOLE | 0 | 0 | 0 | 144611 |
| INVESCO BULLETSHARES 2030 MUNICIPAL BOND ETF | ETF | 46138J445 |  | 205632 | 9381 | SH |  | SOLE | 0 | 0 | 0 | 9381 |
| JPMORGAN SHORT DURATION CORE PLUS ETF | ETF | 46641Q274 |  | 233717 | 4909 | SH |  | SOLE | 0 | 0 | 0 | 4909 |
| VANGUARD ULTRA-SHORT BOND ETF | ETF | 92203C303 |  | 610739 | 12216 | SH |  | SOLE | 0 | 0 | 0 | 12216 |
| VISA INC COM CL A | Stock | 92826C839 |  | 905032 | 2651 | SH |  | SOLE | 0 | 0 | 0 | 2651 |
| DIMENSIONAL U.S. CORE EQUITY 2 ETF | ETF | 25434V708 |  | 946103 | 24530 | SH |  | SOLE | 0 | 0 | 0 | 24529 |
| DIMENSIONAL U.S. TARGETED VALUE ETF | ETF | 25434V609 |  | 8171653 | 140382 | SH |  | SOLE | 0 | 0 | 0 | 140382 |
| DIMENSIONAL U.S. EQUITY MARKET ETF | ETF | 25434V401 |  | 375529 | 5184 | SH |  | SOLE | 0 | 0 | 0 | 5184 |
| ISHARES IBONDS DEC 2031 TERM CORPORATE ETF | ETF | 46436E486 |  | 835813 | 39388 | SH |  | SOLE | 0 | 0 | 0 | 39388 |
| DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF | ETF | 25434V880 |  | 4439168 | 141465 | SH |  | SOLE | 0 | 0 | 0 | 141464 |
| AVANTIS U.S. LARGE CAP VALUE ETF | ETF | 025072349 |  | 263966 | 3653 | SH |  | SOLE | 0 | 0 | 0 | 3653 |
| INVESCO BULLETSHARES 2031 MUNICIPAL BOND ETF | ETF | 46138J411 |  | 413981 | 19704 | SH |  | SOLE | 0 | 0 | 0 | 19704 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 2074776 | 11125 | SH |  | SOLE | 0 | 0 | 0 | 11125 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 4331247 | 9031 | SH |  | SOLE | 0 | 0 | 0 | 9030 |
| SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF | ETF | 78468R408 |  | 296064 | 11565 | SH |  | SOLE | 0 | 0 | 0 | 11565 |
| DIMENSIONAL SHORT-DURATION FIXED INCOME ETF | ETF | 25434V864 |  | 10719962 | 222452 | SH |  | SOLE | 0 | 0 | 0 | 222452 |
| ISHARES MICRO-CAP ETF | ETF | 464288869 |  | 225126 | 1510 | SH |  | SOLE | 0 | 0 | 0 | 1510 |
| CONSTELLATION ENERGY CORP COM | Stock | 21037T109 |  | 416075 | 1264 | SH |  | SOLE | 0 | 0 | 0 | 1264 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 4954006 | 6746 | SH |  | SOLE | 0 | 0 | 0 | 6745 |
| DIMENSIONAL US REAL ESTATE ETF | ETF | 25434V823 |  | 4841741 | 203008 | SH |  | SOLE | 0 | 0 | 0 | 203008 |
| DIMENSIONAL US SMALL CAP VALUE ETF | ETF | 25434V815 |  | 5743172 | 180376 | SH |  | SOLE | 0 | 0 | 0 | 180376 |
| DIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF | ETF | 25434V781 |  | 3337336 | 93509 | SH |  | SOLE | 0 | 0 | 0 | 93509 |
| DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF | ETF | 25434V799 |  | 752924 | 22962 | SH |  | SOLE | 0 | 0 | 0 | 22962 |
| DIMENSIONAL US MARKETWIDE VALUE ETF | ETF | 25434V724 |  | 5931513 | 132726 | SH |  | SOLE | 0 | 0 | 0 | 132725 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 282421 | 1387 | SH |  | SOLE | 0 | 0 | 0 | 1387 |
| ISHARES IBONDS DEC 2032 TERM CORPORATE ETF | ETF | 46436E312 |  | 836160 | 32637 | SH |  | SOLE | 0 | 0 | 0 | 32637 |
| WP CAREY INC COM | REIT | 92936U109 |  | 1905477 | 28200 | SH |  | SOLE | 0 | 0 | 0 | 28200 |
| BROADCOM INC COM | Stock | 11135F101 |  | 4057119 | 12298 | SH |  | SOLE | 0 | 0 | 0 | 12297 |
| VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | ETF | 922020805 |  | 7822436 | 154502 | SH |  | SOLE | 0 | 0 | 0 | 154502 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 553711 | 6342 | SH |  | SOLE | 0 | 0 | 0 | 6341 |
| DIMENSIONAL US LARGE CAP VALUE ETF | ETF | 25434V666 |  | 3668778 | 111513 | SH |  | SOLE | 0 | 0 | 0 | 111513 |
| WISDOMTREE U.S. TOTAL DIVIDEND FUND | ETF | 97717W109 |  | 414456 | 4934 | SH |  | SOLE | 0 | 0 | 0 | 4934 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 301838 | 1224 | SH |  | SOLE | 0 | 0 | 0 | 1224 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 6308112 | 33809 | SH |  | SOLE | 0 | 0 | 0 | 33809 |
| ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288646 |  | 4394119 | 82861 | SH |  | SOLE | 0 | 0 | 0 | 82861 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 325759 | 1407 | SH |  | SOLE | 0 | 0 | 0 | 1406 |
| PGIM GLOBAL HIGH YIELD FD FORM COM | CEF | 69346J106 |  | 331840 | 25764 | SH |  | SOLE | 0 | 0 | 0 | 25764 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 1597645 | 22385 | SH |  | SOLE | 0 | 0 | 0 | 22385 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 1548104 | 5543 | SH |  | SOLE | 0 | 0 | 0 | 5543 |
| BLACKSTONE INC COM | Stock | 09260D107 |  | 750032 | 4390 | SH |  | SOLE | 0 | 0 | 0 | 4390 |
| ISHARES MSCI GLOBAL ENERGY PRODUCERS ETF | ETF | 464286343 |  | 327734 | 13065 | SH |  | SOLE | 0 | 0 | 0 | 13065 |
| DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF | ETF | 25434V633 |  | 268357 | 5386 | SH |  | SOLE | 0 | 0 | 0 | 5386 |
| ISHARES IBONDS DEC 2033 TERM CORPORATE ETF | ETF | 46436E130 |  | 358249 | 13658 | SH |  | SOLE | 0 | 0 | 0 | 13658 |
| QUALCOMM INC COM | Stock | 747525103 |  | 1275028 | 7664 | SH |  | SOLE | 0 | 0 | 0 | 7664 |
| DIMENSIONAL GLOBAL CORE PLUS FIXED INCOME ETF | ETF | 25434V583 |  | 4698832 | 84557 | SH |  | SOLE | 0 | 0 | 0 | 84557 |
| AVANTIS U.S. MID CAP EQUITY ETF | ETF | 025072125 |  | 1073156 | 15423 | SH |  | SOLE | 0 | 0 | 0 | 15423 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 1595598 | 23321 | SH |  | SOLE | 0 | 0 | 0 | 23320 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 1273287 | 7870 | SH |  | SOLE | 0 | 0 | 0 | 7870 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 275617 | 3085 | SH |  | SOLE | 0 | 0 | 0 | 3085 |
| ISHARES IBONDS DEC 2034 TERM CORPORATE ETF | ETF | 46438G653 |  | 445940 | 16847 | SH |  | SOLE | 0 | 0 | 0 | 16847 |
| SPDR S REGIONAL BANKING ETF | ETF | 78464A698 |  | 210275 | 3322 | SH |  | SOLE | 0 | 0 | 0 | 3321 |
| ISHARES U.S. TECHNOLOGY ETF | ETF | 464287721 |  | 344714 | 1760 | SH |  | SOLE | 0 | 0 | 0 | 1760 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 534958 | 2590 | SH |  | SOLE | 0 | 0 | 0 | 2590 |
| ISHARES S 500 GROWTH ETF | ETF | 464287309 |  | 646093 | 5352 | SH |  | SOLE | 0 | 0 | 0 | 5352 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 35135904 | 52496 | SH |  | SOLE | 0 | 0 | 0 | 52496 |
| ISHARES IBONDS DEC 2026 TERM CORPORATE ETF | ETF | 46435GAA0 |  | 312377 | 12855 | SH |  | SOLE | 0 | 0 | 0 | 12855 |
| DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF | ETF | 25434V732 |  | 7294651 | 227460 | SH |  | SOLE | 0 | 0 | 0 | 227460 |
| AMC ENTMT HLDGS INC CL A NEW | Stock | 00165C302 |  | 29012 | 10004 | SH |  | SOLE | 0 | 0 | 0 | 10004 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 399913 | 4771 | SH |  | SOLE | 0 | 0 | 0 | 4771 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 302073 | 1275 | SH |  | SOLE | 0 | 0 | 0 | 1274 |
| SPDR EURO STOXX 50 ETF | ETF | 78463X202 |  | 1129404 | 18181 | SH |  | SOLE | 0 | 0 | 0 | 18181 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 908901 | 1821 | SH |  | SOLE | 0 | 0 | 0 | 1820 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 7563433 | 23978 | SH |  | SOLE | 0 | 0 | 0 | 23978 |
| ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288638 |  | 223987 | 4141 | SH |  | SOLE | 0 | 0 | 0 | 4141 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 1480145 | 9531 | SH |  | SOLE | 0 | 0 | 0 | 9531 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 6447811 | 107607 | SH |  | SOLE | 0 | 0 | 0 | 107607 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 214497 | 1484 | SH |  | SOLE | 0 | 0 | 0 | 1484 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 1138029 | 22059 | SH |  | SOLE | 0 | 0 | 0 | 22059 |
| SPDR PORTFOLIO S 1500 COMPOSITE STOCK MARKET ETF | ETF | 78464A805 |  | 380056 | 4712 | SH |  | SOLE | 0 | 0 | 0 | 4712 |
| WALMART INC COM | Stock | 931142103 |  | 289216 | 2806 | SH |  | SOLE | 0 | 0 | 0 | 2806 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 565407 | 2004 | SH |  | SOLE | 0 | 0 | 0 | 2003 |
| ORACLE CORP COM | Stock | 68389X105 |  | 289677 | 1030 | SH |  | SOLE | 0 | 0 | 0 | 1030 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 209664 | 1253 | SH |  | SOLE | 0 | 0 | 0 | 1253 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 828613 | 15294 | SH |  | SOLE | 0 | 0 | 0 | 15293 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 757226 | 5372 | SH |  | SOLE | 0 | 0 | 0 | 5372 |
| PFIZER INC COM | Stock | 717081103 |  | 326238 | 12804 | SH |  | SOLE | 0 | 0 | 0 | 12803 |
| ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464287242 |  | 551459 | 4947 | SH |  | SOLE | 0 | 0 | 0 | 4947 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 536644 | 1125 | SH |  | SOLE | 0 | 0 | 0 | 1124 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 686404 | 2818 | SH |  | SOLE | 0 | 0 | 0 | 2818 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 230806 | 695 | SH |  | SOLE | 0 | 0 | 0 | 694 |
| AMGEN INC COM | Stock | 031162100 |  | 870789 | 3086 | SH |  | SOLE | 0 | 0 | 0 | 3085 |
| MINDWALK HOLDINGS CORP COM | Stock | 602687105 |  | 46914 | 26808 | SH |  | SOLE | 0 | 0 | 0 | 26808 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 1206642 | 5592 | SH |  | SOLE | 0 | 0 | 0 | 5591 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 510573 | 5093 | SH |  | SOLE | 0 | 0 | 0 | 5093 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 730284 | 9255 | SH |  | SOLE | 0 | 0 | 0 | 9254 |
| LAM RESEARCH CORP COM NEW | Stock | 512807306 |  | 2937128 | 21935 | SH |  | SOLE | 0 | 0 | 0 | 21935 |
| ORTHOFIX MED INC COM | Stock | 68752M108 |  | 292800 | 20000 | SH |  | SOLE | 0 | 0 | 0 | 20000 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 431611 | 3828 | SH |  | SOLE | 0 | 0 | 0 | 3828 |
| UTILITIES SELECT SECTOR SPDR FUND | ETF | 81369Y886 |  | 265816 | 3048 | SH |  | SOLE | 0 | 0 | 0 | 3048 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 14327846 | 334841 | SH |  | SOLE | 0 | 0 | 0 | 334841 |
| BLACKROCK INC COM | Stock | 09290D101 |  | 511826 | 439 | SH |  | SOLE | 0 | 0 | 0 | 439 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 365759 | 5605 | SH |  | SOLE | 0 | 0 | 0 | 5604 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 456112 | 4885 | SH |  | SOLE | 0 | 0 | 0 | 4885 |
| APPLE INC COM | Stock | 037833100 |  | 18722831 | 73530 | SH |  | SOLE | 0 | 0 | 0 | 73529 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 348080 | 3040 | SH |  | SOLE | 0 | 0 | 0 | 3040 |

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