# EDGAR Filing Document

**Accession Number:** 0001569579
**File Stem:** 0001569579-25-000003
**Filing Date:** 2025-11
**Character Count:** 31564
**Document Hash:** b6ef1b1d2f2834994d6520e8a999b5f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569579-25-000003.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001569579-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BTG Pactual Asset Management US LLC
- **CENTRAL INDEX KEY:** 0001569579

**ORGANIZATION NAME:**
- **EIN:** 800260014
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15216
- **FILM NUMBER:** 251479693

**BUSINESS ADDRESS:**
- **STREET 1:** 601 LEXINGTON AVENUE
- **STREET 2:** 57TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2122934658

**MAIL ADDRESS:**
- **STREET 1:** 601 LEXINGTON AVENUE
- **STREET 2:** 57TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### 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:** BTG Pactual Asset Management US LLC<br>**Address:** 601 LEXINGTON AVENUE<br>57TH FLOOR<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-15216

**CRD Number (if applicable):** 000152538

**SEC File Number (if applicable):** 801-71004

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:** Grant Bolles<br>**Title:** Compliance Officer<br>**Phone:** 212-293-4600

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

/s/Grant Bolles  New York, NY  11-13-2025<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:** 2

**Form 13F Information Table Entry Total:** 248

**Form 13F Information Table Value Total:** $2133383277

      (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.]

| No.   | Name                                   | Form 13F File Number   |
|:---|:---|:---|
|  | BTG PACTUAL (UK) Ltd                   | 028-15217              |
|  | BTG Pactual Asset Management S.A. DTVM | 028-15342              |

### 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 | 002824100 | BBG001S5N9M6 | 274979 | 2053 | SH |  | SOLE |  | 2053 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 5478699 | 23662 | SH |  | SOLE |  | 23662 | 0 | 0 |
| ABRDN INCOME CREDIT STRATEGI | COM | 003057106 | BBG001TCSLH4 | 61124 | 10360 | SH |  | SOLE |  | 10360 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 1199278 | 6710 | SH |  | SOLE |  | 6710 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 | BBG00H00J2Q8 | 65656 | 20140 | SH |  | SOLE |  | 20140 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 | BBG001S8ZQ30 | 8174676 | 121268 | SH |  | SOLE |  | 121268 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 561075 | 2308 | SH |  | SOLE |  | 2308 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 21992565 | 90300 | SH |  | SOLE |  | 90300 | 0 | 0 |
| ALPS ETF TR | ALERIAN ENERGY | 00162Q676 | BBG005HVCXV1 | 32530 | 1009 | SH |  | SOLE |  | 1009 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 | BBG001TBMNT5 | 3275574 | 67040 | SH |  | SOLE |  | 67040 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 19595086 | 89243 | SH |  | SOLE |  | 89243 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG005KLVT74 | 285518 | 118472 | SH |  | SOLE |  | 118472 | 0 | 0 |
| AMEREN CORP | COM | 023608102 | BBG001S5NF24 | 8172432 | 78295 | SH |  | SOLE |  | 78295 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 5550075 | 49334 | SH |  | SOLE |  | 49334 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 3516635 | 25265 | SH |  | SOLE |  | 25265 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 | BBG001T61KH8 | 1120065 | 33375 | SH |  | SOLE |  | 33375 | 0 | 0 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 | BBG006473QY8 | 126285 | 10515 | SH |  | SOLE |  | 10515 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 1057478 | 4153 | SH |  | SOLE |  | 4153 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 10567145 | 41500 | SH | Call | SOLE |  | 41500 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 10567145 | 41500 | SH | Put | SOLE |  | 41500 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX86 | 599981 | 835 | SH |  | SOLE |  | 835 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 297621 | 10539 | SH |  | SOLE |  | 10539 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 | BBG001S5Y203 | 2112655 | 16220 | SH |  | SOLE |  | 16220 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 495550 | 4548 | SH |  | SOLE |  | 4548 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 14389479 | 29622 | SH |  | SOLE |  | 29622 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 2094799 | 34012 | SH |  | SOLE |  | 34012 | 0 | 0 |
| BLACKROCK LTD DURATION INCOM | COM SHS | 09249W101 | BBG001SLG5M7 | 291796 | 20578 | SH |  | SOLE |  | 20578 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS QUALI | COM | 09254C107 | BBG001S99K21 | 390452 | 40757 | SH |  | SOLE |  | 40757 | 0 | 0 |
| BLACKSTONE STRATEGIC CRED 20 | COM SHS BEN IN | 09257R101 | BBG002W5R801 | 245442 | 20251 | SH |  | SOLE |  | 20251 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 1818847 | 18630 | SH |  | SOLE |  | 18630 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1228255 | 3723 | SH |  | SOLE |  | 3723 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 5572417 | 143619 | SH |  | SOLE |  | 143619 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 | BBG00XYHY0L1 | 30216000 | 2400000 | SH | Call | SOLE |  | 2400000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 518564 | 5109 | SH |  | SOLE |  | 5109 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 616815 | 11603 | SH |  | SOLE |  | 11603 | 0 | 0 |
| COMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 204429104 | BBG001S5VY42 | 298103 | 23073 | SH |  | SOLE |  | 23073 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 202486 | 1087 | SH |  | SOLE |  | 1087 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRPJ9 | 8048065 | 24457 | SH |  | SOLE |  | 24457 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKRZ7 | 5686370 | 11388 | SH |  | SOLE |  | 11388 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 | BBG006Q52QW1 | 8907837 | 18437 | SH |  | SOLE |  | 18437 | 0 | 0 |
| DAVITA INC | COM | 23918K108 | BBG001SB5DZ0 | 202564 | 1422 | SH |  | SOLE |  | 1422 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY S 500 B | 25460E190 | BBG001T3NVD1 | 92885 | 5780 | SH |  | SOLE |  | 5780 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY SEMICONDUC | 25460G112 | BBG001T6Y3V4 | 164923 | 31900 | SH |  | SOLE |  | 31900 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY SM CP BEAR | 25460E232 | BBG001T3NV50 | 882180 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY TECHNOLOGY | 25461A494 | BBG001T37KH9 | 274628 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 | BBG0112Z58K1 | 767564 | 6789 | SH |  | SOLE |  | 6789 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 10169280 | 82176 | SH |  | SOLE |  | 82176 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 1019399 | 13086 | SH |  | SOLE |  | 13086 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 | BBG001S8RMF5 | 208099 | 410 | SH |  | SOLE |  | 410 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 4603942 | 6034 | SH |  | SOLE |  | 6034 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 653160 | 12000 | SH | Call | SOLE |  | 12000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 257516 | 328 | SH |  | SOLE |  | 328 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 1600469 | 40112 | SH |  | SOLE |  | 40112 | 0 | 0 |
| ETFIS SER TR I | INFRAC ACT MLP | 26923G772 | BBG0077X4F33 | 45298 | 1045 | SH |  | SOLE |  | 1045 | 0 | 0 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 | BBG00KXH37F6 | 86153 | 4136 | SH |  | SOLE |  | 4136 | 0 | 0 |
| ETFIS SER TR I | VIRTUS REAVES UT | 26923G806 | BBG00B2VXTZ6 | 111226 | 1333 | SH |  | SOLE |  | 1333 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 2021372 | 28414 | SH |  | SOLE |  | 28414 | 0 | 0 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 7201915 | 160007 | SH |  | SOLE |  | 160007 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1130093 | 10023 | SH |  | SOLE |  | 10023 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 | BBG0034YTRP6 | 1951833 | 52035 | SH |  | SOLE |  | 52035 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 2214756 | 48336 | SH |  | SOLE |  | 48336 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 | BBG001S87K70 | 1192762 | 4174 | SH |  | SOLE |  | 4174 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 871978 | 22233 | SH |  | SOLE |  | 22233 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 | BBG010MVVVX6 | 5391398 | 144348 | SH |  | SOLE |  | 144348 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 1066745 | 3444 | SH |  | SOLE |  | 3444 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 771904 | 2566 | SH |  | SOLE |  | 2566 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 7772951 | 12641 | SH |  | SOLE |  | 12641 | 0 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 | BBG001V0LJT6 | 941760 | 13500 | SH | Call | SOLE |  | 13500 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 | BBG004Y67XK8 | 5443775 | 86878 | SH |  | SOLE |  | 86878 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | BBG001TF8NP6 | 3575 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 840946 | 1056 | SH |  | SOLE |  | 1056 | 0 | 0 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 | BBG004T0ZN64 | 98763 | 35147 | SH |  | SOLE |  | 35147 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 2467227 | 7140 | SH |  | SOLE |  | 7140 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 | BBG001S7X2X4 | 979123 | 30164 | SH |  | SOLE |  | 30164 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 431082 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 581032 | 33644 | SH |  | SOLE |  | 33644 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 | BBG00390LJJ8 | 33939750 | 975000 | SH | Call | SOLE |  | 975000 | 0 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 | BBG012M7S2D5 | 3167924 | 464505 | SH |  | SOLE |  | 464505 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 | BBG003H4RBL9 | 231950 | 4877 | SH |  | SOLE |  | 4877 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 | BBG00KXH5XJ3 | 651 | 19 | SH |  | SOLE |  | 19 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 122800 | 5870 | SH |  | SOLE |  | 5870 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 | BBG010J28KR1 | 141 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 | BBG010J28KR1 | 32381700 | 690000 | SH | Call | SOLE |  | 690000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | BBG01KYQ6QS5 | 591825 | 9105 | SH |  | SOLE |  | 9105 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 680140 | 11330 | SH |  | SOLE |  | 11330 | 0 | 0 |
| ISHARES INC | JP MRG EM CRP BD | 464286251 | BBG002WGKJD6 | 43723 | 991 | SH |  | SOLE |  | 991 | 0 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 | BBG001SFQPM5 | 12663 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 | BBG001S8SYN9 | 9338459 | 117776 | SH |  | SOLE |  | 117776 | 0 | 0 |
| ISHARES INC | MSCI PAC JP ETF | 464286665 | BBG001S89L03 | 4095785 | 82961 | SH |  | SOLE |  | 82961 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 | BBG001SF9FC7 | 164448 | 2291 | SH |  | SOLE |  | 2291 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 | BBG001S8SYW9 | 9647 | 176 | SH |  | SOLE |  | 176 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | BBG001SFGL81 | 1844980 | 29000 | SH | Call | SOLE |  | 29000 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | BBG001SFGL81 | 1844980 | 29000 | SH | Put | SOLE |  | 29000 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 | BBG002D9R378 | 225175 | 1470 | SH |  | SOLE |  | 1470 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 | BBG001TG5H89 | 4800077 | 46391 | SH |  | SOLE |  | 46391 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 6983 | 85 | SH |  | SOLE |  | 85 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 1757935 | 47757 | SH |  | SOLE |  | 47757 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 233140 | 5667 | SH |  | SOLE |  | 5667 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 | BBG001V0XLT8 | 195908 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 6512 | 105 | SH |  | SOLE |  | 105 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 11803 | 108 | SH |  | SOLE |  | 108 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 595443 | 959 | SH |  | SOLE |  | 959 | 0 | 0 |
| ISHARES TR | CYBERSECURITY | 46435U135 | BBG00PC1B2X5 | 26605 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ISHARES TR | EUROPE ETF | 464287861 | BBG001SFGXD9 | 62491 | 988 | SH |  | SOLE |  | 988 | 0 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 | BBG001S7RSN5 | 19213 | 489 | SH |  | SOLE |  | 489 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 660604 | 8191 | SH |  | SOLE |  | 8191 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 5411665 | 49372 | SH |  | SOLE |  | 49372 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 2094247 | 16554 | SH |  | SOLE |  | 16554 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 338033 | 6407 | SH |  | SOLE |  | 6407 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 316649 | 5942 | SH |  | SOLE |  | 5942 | 0 | 0 |
| ISHARES TR | JPX NIKKEI 400 | 464287382 | BBG001SJKDT3 | 13299 | 166 | SH |  | SOLE |  | 166 | 0 | 0 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 | BBG001SJRVW2 | 343589 | 11893 | SH |  | SOLE |  | 11893 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 | BBG001T2V2D8 | 311064 | 3765 | SH |  | SOLE |  | 3765 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 795925 | 5930 | SH |  | SOLE |  | 5930 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 | BBG001S56D46 | 3196 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 9833 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 | BBG0025X2WP7 | 1009 | 12 | SH |  | SOLE |  | 12 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 30491 | 571 | SH |  | SOLE |  | 571 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 165211 | 1760 | SH |  | SOLE |  | 1760 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 | BBG004FPV022 | 5912 | 24 | SH |  | SOLE |  | 24 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 89947 | 492 | SH |  | SOLE |  | 492 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 129562 | 4223 | SH |  | SOLE |  | 4223 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 | BBG001S562W9 | 119868 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 87388754 | 205824 | SH |  | SOLE |  | 205824 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 | BBG001S561Z8 | 1525 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 | BBG001SJCNS1 | 4507 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 672649 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 5807040 | 24000 | SH | Call | SOLE |  | 24000 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 | BBG001SFQJM9 | 4943 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 222058 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 | BBG001SFC802 | 134057 | 1108 | SH |  | SOLE |  | 1108 | 0 | 0 |
| ISHARES TR | U.S. PHARMA ETF | 464288836 | BBG001SQYZD0 | 5702 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 | BBG001SFGXR4 | 199374 | 3530 | SH |  | SOLE |  | 3530 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 | BBG002NCKPP8 | 26987 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 | BBG00LN4D399 | 5886 | 108 | SH |  | SOLE |  | 108 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 185274 | 3259 | SH |  | SOLE |  | 3259 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | FLEXIBLE DEBT ET | 46654Q559 | BBG01X2PHPJ4 | 309525 | 6164 | SH |  | SOLE |  | 6164 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 | BBG00M8D48L9 | 1541471 | 31053 | SH |  | SOLE |  | 31053 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 | BBG016NKZFF7 | 9357 | 172 | SH |  | SOLE |  | 172 | 0 | 0 |
| JBS N.V. | CL A SHS | N4732M103 | BBG01V30BCM3 | 2179078 | 145953 | SH |  | SOLE |  | 145953 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 19978390 | 63337 | SH |  | SOLE |  | 63337 | 0 | 0 |
| KELLANOVA | COM | 487836108 | BBG001S5SJL0 | 6792158 | 82811 | SH |  | SOLE |  | 82811 | 0 | 0 |
| KELLANOVA | COM | 487836108 | BBG001S5SJL0 | 6561600 | 80000 | SH | Put | SOLE |  | 80000 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 2714816 | 95896 | SH |  | SOLE |  | 95896 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 262499 | 2020 | SH |  | SOLE |  | 2020 | 0 | 0 |
| KOSMOS ENERGY LTD | NOTE 3.125% 3/1 | 500688AH9 |  | 6797675 | 10705000 | PRN |  | SOLE |  | 10705000 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 1166282 | 27762 | SH |  | SOLE |  | 27762 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 6301500 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 584165 | 2956 | SH |  | SOLE |  | 2956 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 304313 | 535 | SH |  | SOLE |  | 535 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 12165005 | 16565 | SH |  | SOLE |  | 16565 | 0 | 0 |
| MFS INTER INCOME TR | SH BEN INT | 55273C107 | BBG001S5T6D6 | 77547 | 28615 | SH |  | SOLE |  | 28615 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 18163989 | 35069 | SH |  | SOLE |  | 35069 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 | BBG001S8W0H5 | 2395719 | 63937 | SH |  | SOLE |  | 63937 | 0 | 0 |
| NEXPOINT DIVERSIFIED REL ET | COM NEW | 65340G205 | BBG001SQLM25 | 267184 | 63767 | SH |  | SOLE |  | 63767 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 2599272 | 34432 | SH |  | SOLE |  | 34432 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 1024045 | 23650 | SH |  | SOLE |  | 23650 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | BBG0136WM2Y9 | 183395 | 11455 | SH |  | SOLE |  | 11455 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 24777264 | 132797 | SH |  | SOLE |  | 132797 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 355793 | 7530 | SH |  | SOLE |  | 7530 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 | BBG001S5TVY8 | 7144551 | 154410 | SH |  | SOLE |  | 154410 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 2223980 | 30478 | SH |  | SOLE |  | 30478 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 250011 | 10314 | SH |  | SOLE |  | 10314 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 1225676 | 9011 | SH |  | SOLE |  | 9011 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 | BBG002N12C17 | 251559 | 2729 | SH |  | SOLE |  | 2729 | 0 | 0 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 | BBG001SF6Y39 | 2613043 | 50877 | SH |  | SOLE |  | 50877 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 | BBG001S5VB15 | 6215411 | 69322 | SH |  | SOLE |  | 69322 | 0 | 0 |
| PRINCIPAL EXCHANGE TRADED FD | SPECTRUM PFD | 74255Y888 | BBG00H3P9YB7 | 571680 | 30136 | SH |  | SOLE |  | 30136 | 0 | 0 |
| PROSHARES TR | ULTRAPRO SHT QQQ | 74347G192 | BBG001T6S3C2 | 260318 | 14600 | SH |  | SOLE |  | 14600 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 574444 | 21784 | SH |  | SOLE |  | 21784 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | BBG00V1L5ZR1 | 2156702 | 61131 | SH |  | SOLE |  | 61131 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 247314 | 1478 | SH |  | SOLE |  | 1478 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 455632 | 8458 | SH |  | SOLE |  | 8458 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 86060 | 558 | SH |  | SOLE |  | 558 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 | BBG00B597137 | 14621 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | BBG001S7T1Q9 | 57034 | 238 | SH |  | SOLE |  | 238 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 13690620 | 101570 | SH |  | SOLE |  | 101570 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 110146 | 1263 | SH |  | SOLE |  | 1263 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | BBG001S7R733 | 18001 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 75164 | 282 | SH |  | SOLE |  | 282 | 0 | 0 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 2532307 | 28143 | SH |  | SOLE |  | 28143 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 11901981 | 12933 | SH |  | SOLE |  | 12933 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 203893 | 1372 | SH |  | SOLE |  | 1372 | 0 | 0 |
| SIGMA LITHIUM CORPORATION | COM | 826599102 | BBG0027F58B9 | 153424 | 11150 | SH |  | SOLE |  | 11150 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 16756145 | 47138 | SH |  | SOLE |  | 47138 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 151422714 | 227300 | SH |  | SOLE |  | 227300 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1094333886 | 1642700 | SH | Call | SOLE |  | 1642700 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 48964230 | 73500 | SH | Put | SOLE |  | 73500 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 218727 | 410 | SH |  | SOLE |  | 410 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 | BBG001SQS7X7 | 159134 | 1636 | SH |  | SOLE |  | 1636 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 | BBG004T58LZ5 | 580255 | 14746 | SH |  | SOLE |  | 14746 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 | BBG001SQDKG3 | 1309465 | 15790 | SH |  | SOLE |  | 15790 | 0 | 0 |
| SPDR SERIES TRUST | S BK ETF | 78464A797 | BBG001SPTB32 | 7137 | 128 | SH |  | SOLE |  | 128 | 0 | 0 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 | BBG001SQDKH2 | 813494 | 7342 | SH |  | SOLE |  | 7342 | 0 | 0 |
| SPDR SERIES TRUST | S METALS MNG | 78464A755 | BBG001SMH2W0 | 114158 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 | BBG001SKF1N8 | 1250640 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 | BBG001SPYW58 | 767879 | 41306 | SH |  | SOLE |  | 41306 | 0 | 0 |
| STEELCASE INC | CL A | 858155203 | BBG001S89FD2 | 172000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 | BBG0078ZLDH8 | 138404 | 14995 | SH |  | SOLE |  | 14995 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 | BBG00M4ZQF98 | 1244127 | 65792 | SH |  | SOLE |  | 65792 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 2896477 | 7781 | SH |  | SOLE |  | 7781 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 | BBG001S5YSF0 | 1664055 | 39773 | SH |  | SOLE |  | 39773 | 0 | 0 |
| SURMODICS INC | COM | 868873100 | BBG001SBL623 | 446676 | 14944 | SH |  | SOLE |  | 14944 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 7650312 | 27392 | SH |  | SOLE |  | 27392 | 0 | 0 |
| TEEKAY CORPORATION LTD | SHS | G8726T105 | BBG001S8K4Q0 | 168548 | 20430 | SH |  | SOLE |  | 20430 | 0 | 0 |
| TELEFONICA S A | SPONSORED ADR | 879382208 | BBG001S5WMH3 | 91023 | 17404 | SH |  | SOLE |  | 17404 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 362892 | 816 | SH |  | SOLE |  | 816 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 | BBG001S5WJZ0 | 703010 | 51478 | SH |  | SOLE |  | 51478 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 586816 | 12835 | SH |  | SOLE |  | 12835 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 374735 | 3825 | SH |  | SOLE |  | 3825 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 6615794 | 6930 | SH |  | SOLE |  | 6930 | 0 | 0 |
| VANECK ETF TRUST | EMERGING MRKT HI | 92189F353 | BBG002YJGHH3 | 254112 | 12821 | SH |  | SOLE |  | 12821 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 9541 | 126 | SH |  | SOLE |  | 126 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 326686 | 1001 | SH |  | SOLE |  | 1001 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 | BBG001SK3J43 | 10406 | 54 | SH |  | SOLE |  | 54 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 2467 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 12267467 | 43839 | SH |  | SOLE |  | 43839 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 3487857 | 39163 | SH |  | SOLE |  | 39163 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 119854 | 211 | SH |  | SOLE |  | 211 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 6932139 | 29252 | SH |  | SOLE |  | 29252 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1604446 | 5279 | SH |  | SOLE |  | 5279 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 922760 | 5221 | SH |  | SOLE |  | 5221 | 0 | 0 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 | BBG01S6YYQV7 | 649155 | 8585 | SH |  | SOLE |  | 8585 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 10231790 | 206870 | SH |  | SOLE |  | 206870 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | BBG001SHTV18 | 23616730 | 304732 | SH |  | SOLE |  | 304732 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 | BBG001SHTV36 | 39529 | 481 | SH |  | SOLE |  | 481 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 220669 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 3858955 | 78706 | SH |  | SOLE |  | 78706 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 1224950 | 5985 | SH |  | SOLE |  | 5985 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 265927 | 3849 | SH |  | SOLE |  | 3849 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 | BBG001SHTV72 | 793066 | 4637 | SH |  | SOLE |  | 4637 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 | BBG001SHVTQ3 | 159421 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 | BBG001SHTV45 | 115189 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 | BBG001SHTTM0 | 5865857 | 46079 | SH |  | SOLE |  | 46079 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 5304791 | 21361 | SH |  | SOLE |  | 21361 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 6248761 | 9421 | SH |  | SOLE |  | 9421 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 | BBG001T0Y6L1 | 26678995 | 203346 | SH |  | SOLE |  | 203346 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 | BBG001T0Y6W9 | 34437556 | 94048 | SH |  | SOLE |  | 94048 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 249109 | 5668 | SH |  | SOLE |  | 5668 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 430705 | 2855 | SH |  | SOLE |  | 2855 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 296703 | 29970 | SH |  | SOLE |  | 29970 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 8611311 | 25225 | SH |  | SOLE |  | 25225 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 | BBG00PMMBRR0 | 604098 | 17561 | SH |  | SOLE |  | 17561 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 7751771 | 39566 | SH |  | SOLE |  | 39566 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 408371 | 4872 | SH |  | SOLE |  | 4872 | 0 | 0 |
| WENDYS CO | COM | 95058W100 | BBG001S7HBX2 | 113309 | 12370 | SH |  | SOLE |  | 12370 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 6731210 | 83462 | SH |  | SOLE |  | 83462 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 | BBG00NNG2ZK6 | 47726 | 12693 | SH |  | SOLE |  | 12693 | 0 | 0 |

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