# EDGAR Filing Document

**Accession Number:** 0001686444
**File Stem:** 0001104659-26-013572
**Filing Date:** 2026-2
**Character Count:** 25671
**Document Hash:** 84c4f049b738870ce1cb03ad42356646
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-013572.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001104659-26-013572

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LYELL WEALTH MANAGEMENT, LP
- **CENTRAL INDEX KEY:** 0001686444

**ORGANIZATION NAME:**
- **EIN:** 811713122
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17772
- **FILM NUMBER:** 26622389

**BUSINESS ADDRESS:**
- **STREET 1:** 3000 SAND HILL ROAD, BUILDING ONE
- **STREET 2:** SUITE 135
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-353-3692

**MAIL ADDRESS:**
- **STREET 1:** 3000 SAND HILL ROAD, BUILDING ONE
- **STREET 2:** SUITE 135
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** LYELL WEALTH MANAGEMENT LP<br>**Address:** 3000 Sand Hill Road Building One<br>Suite 135<br>Menlo Park, CA 94025

**Form 13F File Number:** 028-17772

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:** Kevin Connell<br>**Title:** Chief Compliance Officer<br>**Phone:** 650-353-3696

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

/s/ Kevin Connell  Menlo Park, CA  02-11-2026<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:** 213

**Form 13F Information Table Value Total:** $1380997497

      (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 |
| ABBOTT LABS COM | Stock | 002824100 |  | 8269074 | 65999 | SH |  | SOLE |  | 65999 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 449668 | 1968 | SH |  | SOLE |  | 1968 | 0 | 0 |
| ADOBE INC COM | Stock | 00724F101 |  | 363640 | 1039 | SH |  | SOLE |  | 1039 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 16573200 | 77387 | SH |  | SOLE |  | 77387 | 0 | 0 |
| AKRE FOCUS ETF | ETF | 74316P579 |  | 324275 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 211590 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 57038609 | 182232 | SH |  | SOLE |  | 182232 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 26784782 | 85356 | SH |  | SOLE |  | 85356 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 40312482 | 174649 | SH |  | SOLE |  | 174649 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 1656266 | 4477 | SH |  | SOLE |  | 4477 | 0 | 0 |
| AMERIPRISE FINL INC COM | Stock | 03076C106 |  | 682553 | 1392 | SH |  | SOLE |  | 1392 | 0 | 0 |
| AMETEK INC COM | Stock | 031100100 |  | 457225 | 2227 | SH |  | SOLE |  | 2227 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 511913 | 1564 | SH |  | SOLE |  | 1564 | 0 | 0 |
| AMPHENOL CORP NEW CL A | Stock | 032095101 |  | 25669016 | 189944 | SH |  | SOLE |  | 189944 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 49957389 | 183761 | SH |  | SOLE |  | 183761 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 299926 | 1167 | SH |  | SOLE |  | 1167 | 0 | 0 |
| APPLOVIN CORP COM CL A | Stock | 03831W108 |  | 204841 | 304 | SH |  | SOLE |  | 304 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | Stock | 040413205 |  | 368456 | 2812 | SH |  | SOLE |  | 2812 | 0 | 0 |
| ASML HOLDING N V N Y REGISTRY SHS | ADR | N07059210 |  | 21856170 | 20429 | SH |  | SOLE |  | 20429 | 0 | 0 |
| ASTRAZENECA PLC SPONSORED ADR | ADR | 046353108 |  | 253727 | 2760 | SH |  | SOLE |  | 2760 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC COM NEW | Stock | 642045108 |  | 139096 | 14766 | SH |  | SOLE |  | 14766 | 0 | 0 |
| ATLASSIAN CORPORATION CL A | Stock | 049468101 |  | 290879 | 1794 | SH |  | SOLE |  | 1794 | 0 | 0 |
| AUTOZONE INC COM | Stock | 053332102 |  | 213665 | 63 | SH |  | SOLE |  | 63 | 0 | 0 |
| AXON ENTERPRISE INC COM | Stock | 05464C101 |  | 574745 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| BALL CORP COM | Stock | 058498106 |  | 1340420 | 25305 | SH |  | SOLE |  | 25305 | 0 | 0 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 4938065 | 89783 | SH |  | SOLE |  | 89783 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 11750952 | 23378 | SH |  | SOLE |  | 23378 | 0 | 0 |
| BLACKROCK INC COM | Stock | 09290D101 |  | 8886331 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| BLUE OWL CAPITAL INC COM CL A | Stock | 09581B103 |  | 10300453 | 689455 | SH |  | SOLE |  | 689455 | 0 | 0 |
| BOOKING HOLDINGS INC COM | Stock | 09857L108 |  | 487335 | 91 | SH |  | SOLE |  | 91 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 301794 | 5595 | SH |  | SOLE |  | 5595 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 7954416 | 22983 | SH |  | SOLE |  | 22983 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS INC COM | Stock | 11133T103 |  | 9065024 | 40619 | SH |  | SOLE |  | 40619 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | Stock | 127387108 |  | 16340745 | 52277 | SH |  | SOLE |  | 52277 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 21336652 | 37245 | SH |  | SOLE |  | 37245 | 0 | 0 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 3996720 | 26223 | SH |  | SOLE |  | 26223 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 1213685 | 15756 | SH |  | SOLE |  | 15756 | 0 | 0 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 241665 | 2071 | SH |  | SOLE |  | 2071 | 0 | 0 |
| CLOUDFLARE INC CL A COM | Stock | 18915M107 |  | 10324548 | 52369 | SH |  | SOLE |  | 52369 | 0 | 0 |
| COCA COLA CO COM | Stock | 191216100 |  | 431205 | 6168 | SH |  | SOLE |  | 6168 | 0 | 0 |
| COHERENT CORP COM | Stock | 19247G107 |  | 553710 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| COLUMBIA INDIA CONSUMER ETF | ETF | 19762B707 |  | 292423 | 4512 | SH |  | SOLE |  | 4512 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 1773369 | 18944 | SH |  | SOLE |  | 18944 | 0 | 0 |
| CORVEL CORP COM | Stock | 221006109 |  | 1552891 | 22948 | SH |  | SOLE |  | 22948 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION COM | Stock | 22160K105 |  | 25435625 | 29496 | SH |  | SOLE |  | 29496 | 0 | 0 |
| CSX CORP COM | Stock | 126408103 |  | 1008874 | 27831 | SH |  | SOLE |  | 27831 | 0 | 0 |
| CVS HEALTH CORP COM | Stock | 126650100 |  | 278712 | 3512 | SH |  | SOLE |  | 3512 | 0 | 0 |
| D R HORTON INC COM | Stock | 23331A109 |  | 17759854 | 123307 | SH |  | SOLE |  | 123307 | 0 | 0 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 557649 | 2436 | SH |  | SOLE |  | 2436 | 0 | 0 |
| DEERE  CO COM | Stock | 244199105 |  | 8809594 | 18922 | SH |  | SOLE |  | 18922 | 0 | 0 |
| DEXCOM INC COM | Stock | 252131107 |  | 1401734 | 21120 | SH |  | SOLE |  | 21120 | 0 | 0 |
| DIGITAL RLTY TR INC COM | REIT | 253868103 |  | 9126649 | 58992 | SH |  | SOLE |  | 58992 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 4041488 | 35523 | SH |  | SOLE |  | 35523 | 0 | 0 |
| DOORDASH INC CL A | Stock | 25809K105 |  | 1251755 | 5527 | SH |  | SOLE |  | 5527 | 0 | 0 |
| DRAFTKINGS INC NEW COM CL A | Stock | 26142V105 |  | 270477 | 7849 | SH |  | SOLE |  | 7849 | 0 | 0 |
| EATON CORP PLC SHS | Stock | G29183103 |  | 365012 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 2916682 | 2714 | SH |  | SOLE |  | 2714 | 0 | 0 |
| ENBRIDGE INC COM | Stock | 29250N105 |  | 297503 | 6220 | SH |  | SOLE |  | 6220 | 0 | 0 |
| ENERGY TRANSFER L P COM UT LTD PTN | Stock | 29273V100 |  | 170672 | 10350 | SH |  | SOLE |  | 10350 | 0 | 0 |
| EQUINIX INC COM | REIT | 29444U700 |  | 215291 | 281 | SH |  | SOLE |  | 281 | 0 | 0 |
| EXTREME NETWORKS COM | Stock | 30226D106 |  | 9696044 | 582345 | SH |  | SOLE |  | 582345 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 2379483 | 19773 | SH |  | SOLE |  | 19773 | 0 | 0 |
| FIRST TRUST DOW JONES INTERNET INDEX FUND | ETF | 33733E302 |  | 877258 | 3259 | SH |  | SOLE |  | 3259 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 6306356 | 124165 | SH |  | SOLE |  | 124165 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 483299 | 1569 | SH |  | SOLE |  | 1569 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 345739 | 529 | SH |  | SOLE |  | 529 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 893056 | 7276 | SH |  | SOLE |  | 7276 | 0 | 0 |
| GLOBAL X DAX GERMANY ETF | ETF | 37954Y491 |  | 205064 | 4495 | SH |  | SOLE |  | 4495 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 574866 | 654 | SH |  | SOLE |  | 654 | 0 | 0 |
| GRAB HOLDINGS LIMITED CLASS A ORD | Stock | G4124C109 |  | 227045 | 45500 | SH |  | SOLE |  | 45500 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC COM | Stock | 40171V100 |  | 5417622 | 26952 | SH |  | SOLE |  | 26952 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 15943829 | 46335 | SH |  | SOLE |  | 46335 | 0 | 0 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 9551373 | 48959 | SH |  | SOLE |  | 48959 | 0 | 0 |
| IDEXX LABS INC COM | Stock | 45168D104 |  | 15771944 | 23313 | SH |  | SOLE |  | 23313 | 0 | 0 |
| ILLUMINA INC COM | Stock | 452327109 |  | 349279 | 2663 | SH |  | SOLE |  | 2663 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 405386 | 2503 | SH |  | SOLE |  | 2503 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 812800 | 2744 | SH |  | SOLE |  | 2744 | 0 | 0 |
| INTUIT COM | Stock | 461202103 |  | 21877135 | 33026 | SH |  | SOLE |  | 33026 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 21230571 | 37486 | SH |  | SOLE |  | 37486 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 2868295 | 4669 | SH |  | SOLE |  | 4669 | 0 | 0 |
| INVESCO RAFI US 1500 SMALL-MID ETF | ETF | 46137V597 |  | 310850 | 6774 | SH |  | SOLE |  | 6774 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 3069889 | 16026 | SH |  | SOLE |  | 16026 | 0 | 0 |
| INVESCO WATER RESOURCES ETF | ETF | 46137V142 |  | 304028 | 4318 | SH |  | SOLE |  | 4318 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 270159 | 3262 | SH |  | SOLE |  | 3262 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | ETF | 464287556 |  | 1827799 | 10830 | SH |  | SOLE |  | 10830 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | ETF | 46438F101 |  | 645798 | 13007 | SH |  | SOLE |  | 13007 | 0 | 0 |
| ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288620 |  | 347377 | 6710 | SH |  | SOLE |  | 6710 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 648138 | 7245 | SH |  | SOLE |  | 7245 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 3831554 | 5594 | SH |  | SOLE |  | 5594 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 2210010 | 33485 | SH |  | SOLE |  | 33485 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 2307569 | 19201 | SH |  | SOLE |  | 19201 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 219237 | 2195 | SH |  | SOLE |  | 2195 | 0 | 0 |
| ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | ETF | 464287515 |  | 1344482 | 12721 | SH |  | SOLE |  | 12721 | 0 | 0 |
| ISHARES GOLD TRUST | ETF | 464285204 |  | 285475 | 3517 | SH |  | SOLE |  | 3517 | 0 | 0 |
| ISHARES IBONDS DEC 2026 TERM CORPORATE ETF | ETF | 46435GAA0 |  | 12072573 | 498249 | SH |  | SOLE |  | 498249 | 0 | 0 |
| ISHARES IBONDS DEC 2027 TERM CORPORATE ETF | ETF | 46435UAA9 |  | 12673262 | 521963 | SH |  | SOLE |  | 521963 | 0 | 0 |
| ISHARES IBONDS DEC 2028 TERM CORPORATE ETF | ETF | 46435U515 |  | 12200963 | 479315 | SH |  | SOLE |  | 479315 | 0 | 0 |
| ISHARES IBONDS DEC 2029 TERM CORPORATE ETF | ETF | 46436E205 |  | 11376375 | 486066 | SH |  | SOLE |  | 486066 | 0 | 0 |
| ISHARES IBONDS DEC 2030 TERM CORPORATE ETF | ETF | 46436E726 |  | 9997423 | 452987 | SH |  | SOLE |  | 452987 | 0 | 0 |
| ISHARES IBONDS DEC 2031 TERM CORPORATE ETF | ETF | 46436E486 |  | 7027659 | 332277 | SH |  | SOLE |  | 332277 | 0 | 0 |
| ISHARES IBONDS DEC 2032 TERM CORPORATE ETF | ETF | 46436E312 |  | 6639459 | 260065 | SH |  | SOLE |  | 260065 | 0 | 0 |
| ISHARES IBONDS DEC 2033 TERM CORPORATE ETF | ETF | 46436E130 |  | 4539080 | 173645 | SH |  | SOLE |  | 173645 | 0 | 0 |
| ISHARES IBONDS DEC 2034 TERM CORPORATE ETF | ETF | 46438G653 |  | 2178426 | 82610 | SH |  | SOLE |  | 82610 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 1585572 | 16511 | SH |  | SOLE |  | 16511 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 1381968 | 25260 | SH |  | SOLE |  | 25260 | 0 | 0 |
| ISHARES MSCI JAPAN ETF | ETF | 46434G822 |  | 333295 | 4128 | SH |  | SOLE |  | 4128 | 0 | 0 |
| ISHARES MSCI NETHERLANDS ETF | ETF | 464286814 |  | 227550 | 3990 | SH |  | SOLE |  | 3990 | 0 | 0 |
| ISHARES MSCI TAIWAN ETF | ETF | 46434G772 |  | 325591 | 5125 | SH |  | SOLE |  | 5125 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 1571356 | 3320 | SH |  | SOLE |  | 3320 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 2295192 | 9324 | SH |  | SOLE |  | 9324 | 0 | 0 |
| ISHARES RUSSELL 3000 ETF | ETF | 464287689 |  | 444878 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | ETF | 464287499 |  | 1214157 | 12612 | SH |  | SOLE |  | 12612 | 0 | 0 |
| ISHARES S 100 ETF | ETF | 464287101 |  | 315811 | 921 | SH |  | SOLE |  | 921 | 0 | 0 |
| ISHARES S MID-CAP 400 GROWTH ETF | ETF | 464287606 |  | 278530 | 2875 | SH |  | SOLE |  | 2875 | 0 | 0 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 2646413 | 24078 | SH |  | SOLE |  | 24078 | 0 | 0 |
| ISHARES U.S. HOME CONSTRUCTION ETF | ETF | 464288752 |  | 1318831 | 13695 | SH |  | SOLE |  | 13695 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 1643804 | 7943 | SH |  | SOLE |  | 7943 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS | Stock | G51502105 |  | 1238335 | 10341 | SH |  | SOLE |  | 10341 | 0 | 0 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 32485299 | 100817 | SH |  | SOLE |  | 100817 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 361081 | 13135 | SH |  | SOLE |  | 13135 | 0 | 0 |
| LAM RESEARCH CORP COM NEW | Stock | 512807306 |  | 761066 | 4446 | SH |  | SOLE |  | 4446 | 0 | 0 |
| LENNAR CORP CL A | Stock | 526057104 |  | 8090244 | 78699 | SH |  | SOLE |  | 78699 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 605071 | 1251 | SH |  | SOLE |  | 1251 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 1488681 | 6173 | SH |  | SOLE |  | 6173 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 11328548 | 19844 | SH |  | SOLE |  | 19844 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 983654 | 10240 | SH |  | SOLE |  | 10240 | 0 | 0 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 499536 | 248 | SH |  | SOLE |  | 248 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 563667 | 5355 | SH |  | SOLE |  | 5355 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 35714169 | 54105 | SH |  | SOLE |  | 54105 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 2413142 | 8455 | SH |  | SOLE |  | 8455 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 44565181 | 92149 | SH |  | SOLE |  | 92149 | 0 | 0 |
| MILLROSE PPTYS INC COM CL A | REIT | 601137102 |  | 453576 | 15185 | SH |  | SOLE |  | 15185 | 0 | 0 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 19485980 | 109762 | SH |  | SOLE |  | 109762 | 0 | 0 |
| NETFLIX INC. COM | Stock | 64110L106 |  | 19350283 | 206381 | SH |  | SOLE |  | 206381 | 0 | 0 |
| NIKE INC CL B | Stock | 654106103 |  | 771719 | 12113 | SH |  | SOLE |  | 12113 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 388040 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 1106217 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 108304857 | 580723 | SH |  | SOLE |  | 580723 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 902823 | 4632 | SH |  | SOLE |  | 4632 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 565778 | 3183 | SH |  | SOLE |  | 3183 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 31205322 | 169410 | SH |  | SOLE |  | 169410 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | Stock | 701094104 |  | 270720 | 308 | SH |  | SOLE |  | 308 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 1126058 | 7846 | SH |  | SOLE |  | 7846 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN | Stock | 726503105 |  | 195764 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | Stock | 693475105 |  | 215618 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP COM | Stock | 74276L105 |  | 359902 | 11440 | SH |  | SOLE |  | 11440 | 0 | 0 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 856850 | 5979 | SH |  | SOLE |  | 5979 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 281890 | 1648 | SH |  | SOLE |  | 1648 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 16232015 | 38459 | SH |  | SOLE |  | 38459 | 0 | 0 |
| REDDIT INC CL A | Stock | 75734B100 |  | 1801491 | 7837 | SH |  | SOLE |  | 7837 | 0 | 0 |
| ROYAL CARIBBEAN GROUP COM | Stock | V7780T103 |  | 535526 | 1920 | SH |  | SOLE |  | 1920 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 1475820 | 8047 | SH |  | SOLE |  | 8047 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 13800105 | 52094 | SH |  | SOLE |  | 52094 | 0 | 0 |
| SANA BIOTECHNOLOGY INC COM | Stock | 799566104 |  | 42735 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| SAP SE SPON ADR | ADR | 803054204 |  | 264043 | 1087 | SH |  | SOLE |  | 1087 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 807073 | 8078 | SH |  | SOLE |  | 8078 | 0 | 0 |
| SCHWAB EMERGING MARKETS EQUITY ETF | ETF | 808524706 |  | 1091737 | 33335 | SH |  | SOLE |  | 33335 | 0 | 0 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 1360962 | 56612 | SH |  | SOLE |  | 56612 | 0 | 0 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 211309 | 8056 | SH |  | SOLE |  | 8056 | 0 | 0 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 623456 | 22729 | SH |  | SOLE |  | 22729 | 0 | 0 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 19973678 | 130385 | SH |  | SOLE |  | 130385 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | Stock | 82509L107 |  | 26543148 | 164895 | SH |  | SOLE |  | 164895 | 0 | 0 |
| SLB LIMITED COM STK | Stock | 806857108 |  | 2497072 | 65062 | SH |  | SOLE |  | 65062 | 0 | 0 |
| SNOWFLAKE INC COM SHS | Stock | 833445109 |  | 13284442 | 60560 | SH |  | SOLE |  | 60560 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC COM SHS | Stock | 83443Q103 |  | 309115 | 6363 | SH |  | SOLE |  | 6363 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 14397942 | 36330 | SH |  | SOLE |  | 36330 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 10979872 | 16101 | SH |  | SOLE |  | 16101 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 1154075 | 1913 | SH |  | SOLE |  | 1913 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 695322 | 8257 | SH |  | SOLE |  | 8257 | 0 | 0 |
| STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF | ETF | 81369Y308 |  | 225427 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| STATE STREET ENERGY SELECT SECTOR SPDR ETF | ETF | 81369Y506 |  | 2005292 | 44851 | SH |  | SOLE |  | 44851 | 0 | 0 |
| STATE STREET FINANCIAL SELECT SECTOR SPDR ETF | ETF | 81369Y605 |  | 1344941 | 24556 | SH |  | SOLE |  | 24556 | 0 | 0 |
| STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF | ETF | 81369Y209 |  | 6719868 | 43410 | SH |  | SOLE |  | 43410 | 0 | 0 |
| STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF | ETF | 81369Y704 |  | 8899573 | 57372 | SH |  | SOLE |  | 57372 | 0 | 0 |
| STATE STREET SPDR S BIOTECH ETF | ETF | 78464A870 |  | 591117 | 4848 | SH |  | SOLE |  | 4848 | 0 | 0 |
| STATE STREET SPDR S HOMEBUILDERS ETF | ETF | 78464A888 |  | 842007 | 8178 | SH |  | SOLE |  | 8178 | 0 | 0 |
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | ETF | 81369Y803 |  | 4891727 | 33977 | SH |  | SOLE |  | 33977 | 0 | 0 |
| STRYKER CORPORATION COM | Stock | 863667101 |  | 14273255 | 40610 | SH |  | SOLE |  | 40610 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 20903985 | 68788 | SH |  | SOLE |  | 68788 | 0 | 0 |
| TARGA RES CORP COM | Stock | 87612G101 |  | 701654 | 3803 | SH |  | SOLE |  | 3803 | 0 | 0 |
| TE CONNECTIVITY PLC ORD SHS | Stock | G87052109 |  | 1451741 | 6381 | SH |  | SOLE |  | 6381 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 2419044 | 5379 | SH |  | SOLE |  | 5379 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 518909 | 2991 | SH |  | SOLE |  | 2991 | 0 | 0 |
| THE CIGNA GROUP COM | Stock | 125523100 |  | 266973 | 970 | SH |  | SOLE |  | 970 | 0 | 0 |
| THE TRADE DESK INC COM CL A | Stock | 88339J105 |  | 1518400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 19830565 | 34223 | SH |  | SOLE |  | 34223 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 2326423 | 15145 | SH |  | SOLE |  | 15145 | 0 | 0 |
| T-MOBILE US INC COM | Stock | 872590104 |  | 8332285 | 41038 | SH |  | SOLE |  | 41038 | 0 | 0 |
| TOLL BROTHERS INC COM | Stock | 889478103 |  | 12932920 | 95644 | SH |  | SOLE |  | 95644 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 361956 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | Stock | 89417E109 |  | 376208 | 1297 | SH |  | SOLE |  | 1297 | 0 | 0 |
| TRIP COM GROUP LTD ADS | ADR | 89677Q107 |  | 369977 | 5145 | SH |  | SOLE |  | 5145 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 16079057 | 196782 | SH |  | SOLE |  | 196782 | 0 | 0 |
| UNION PAC CORP COM | Stock | 907818108 |  | 7223885 | 31229 | SH |  | SOLE |  | 31229 | 0 | 0 |
| VANECK MERK GOLD ETF | ETF | 921078101 |  | 2563257 | 61795 | SH |  | SOLE |  | 61795 | 0 | 0 |
| VANECK OIL SERVICES ETF | ETF | 92189H607 |  | 474024 | 1665 | SH |  | SOLE |  | 1665 | 0 | 0 |
| VANECK SEMICONDUCTOR ETF | ETF | 92189F676 |  | 27970649 | 77668 | SH |  | SOLE |  | 77668 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 397802 | 1810 | SH |  | SOLE |  | 1810 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 1439569 | 19570 | SH |  | SOLE |  | 19570 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 489202 | 5851 | SH |  | SOLE |  | 5851 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 364039 | 746 | SH |  | SOLE |  | 746 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 425687 | 565 | SH |  | SOLE |  | 565 | 0 | 0 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 553740 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| VANGUARD REAL ESTATE ETF | ETF | 922908553 |  | 422982 | 4780 | SH |  | SOLE |  | 4780 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 7340989 | 11706 | SH |  | SOLE |  | 11706 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 621144 | 2408 | SH |  | SOLE |  | 2408 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 553866 | 1652 | SH |  | SOLE |  | 1652 | 0 | 0 |
| VEEVA SYS INC CL A COM | Stock | 922475108 |  | 12185902 | 54589 | SH |  | SOLE |  | 54589 | 0 | 0 |
| VERTIV HOLDINGS CO COM CL A | Stock | 92537N108 |  | 17090615 | 105491 | SH |  | SOLE |  | 105491 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 19067914 | 54369 | SH |  | SOLE |  | 54369 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 13806458 | 123925 | SH |  | SOLE |  | 123925 | 0 | 0 |
| WORKDAY INC CL A | Stock | 98138H101 |  | 15377818 | 71598 | SH |  | SOLE |  | 71598 | 0 | 0 |
| ZOETIS INC CL A | Stock | 98978V103 |  | 844504 | 6712 | SH |  | SOLE |  | 6712 | 0 | 0 |

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