# EDGAR Filing Document

**Accession Number:** 0001768195
**File Stem:** 0001104659-23-019656
**Filing Date:** 2023-2
**Character Count:** 26888
**Document Hash:** 46089da16a1125bc0c6f7188a88faa79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019656.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-019656

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trek Financial, LLC
- **CENTRAL INDEX KEY:** 0001768195
- **IRS NUMBER:** 823738447

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19440
- **FILM NUMBER:** 23618120

**BUSINESS ADDRESS:**
- **STREET 1:** 8355 EAST HARTFORD DRIVE SUITE 105
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85255
- **BUSINESS PHONE:** 480 483-1510

**MAIL ADDRESS:**
- **STREET 1:** 8355 EAST HARTFORD DRIVE SUITE 105
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85255

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BCJ Capital Management, LLC
- **DATE OF NAME CHANGE:** 20190215

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Trek Financial LLC<br>**Address:** 8355 East Hartford Drive Suite 105<br>Scottsdale, AZ 85255

**Form 13F File Number:** 028-19440

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:** Thomas Shea<br>**Title:** CCO<br>**Phone:** 815-782-1250

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

/s/ Thomas Shea  Chicago, IL  02-13-2023<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:** 232

**Form 13F Information Table Value Total:** $1001786340

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 660823 | 4089 | SH |  | SOLE |  | 0 | 0 | 4089 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 2709848 | 27295 | SH |  | SOLE |  | 0 | 0 | 27295 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 2903045 | 55254 | SH |  | SOLE |  | 0 | 0 | 55254 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 304678 | 4704 | SH |  | SOLE |  | 0 | 0 | 4704 |
| AFLAC INC | COM | 001055102 |  | 2803142 | 38965 | SH |  | SOLE |  | 0 | 0 | 38965 |
| AGF INVTS TR | AGFIQ US MK ANTI | 00110G408 |  | 5016801 | 236530 | SH |  | SOLE |  | 0 | 0 | 236530 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3770848 | 42498 | SH |  | SOLE |  | 0 | 0 | 42498 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1194281 | 13536 | SH |  | SOLE |  | 0 | 0 | 13536 |
| ALTISOURCE PORTFOLIO SOLNS S | REG SHS | L0175J104 |  | 1458136 | 154137 | SH |  | SOLE |  | 0 | 0 | 154137 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 313433 | 6857 | SH |  | SOLE |  | 0 | 0 | 6857 |
| AMAZON COM INC | COM | 023135106 |  | 5031432 | 59898 | SH |  | SOLE |  | 0 | 0 | 59898 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 295958 | 1786 | SH |  | SOLE |  | 0 | 0 | 1786 |
| AMGEN INC | COM | 031162100 |  | 355877 | 1355 | SH |  | SOLE |  | 0 | 0 | 1355 |
| APPLE INC | COM | 037833100 |  | 14127637 | 108733 | SH |  | SOLE |  | 0 | 0 | 108733 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 271232 | 14685 | SH |  | SOLE |  | 0 | 0 | 14685 |
| AT INC | COM | 00206R102 |  | 349445 | 18981 | SH |  | SOLE |  | 0 | 0 | 18981 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1431488 | 5993 | SH |  | SOLE |  | 0 | 0 | 5993 |
| BANK AMERICA CORP | COM | 060505104 |  | 282182 | 8520 | SH |  | SOLE |  | 0 | 0 | 8520 |
| BERKLEY W R CORP | COM | 084423102 |  | 425696 | 5866 | SH |  | SOLE |  | 0 | 0 | 5866 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 7895793 | 25561 | SH |  | SOLE |  | 0 | 0 | 25561 |
| BLACKROCK DEBT STRATEGIES FD | COM NEW | 09255R202 |  | 191664 | 20833 | SH |  | SOLE |  | 0 | 0 | 20833 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 255941 | 127 | SH |  | SOLE |  | 0 | 0 | 127 |
| CAMECO CORP | COM | 13321L108 |  | 4051809 | 178730 | SH |  | SOLE |  | 0 | 0 | 178730 |
| CAMPING WORLD HLDGS INC | CL A | 13462K109 |  | 287616 | 12886 | SH |  | SOLE |  | 0 | 0 | 12886 |
| CBAK ENERGY TECHNOLOGY INC | COM | 14986C102 |  | 14814 | 14964 | SH |  | SOLE |  | 0 | 0 | 14964 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 3286560 | 21916 | SH |  | SOLE |  | 0 | 0 | 21916 |
| CHEVRON CORP NEW | COM | 166764100 |  | 522136 | 2909 | SH |  | SOLE |  | 0 | 0 | 2909 |
| CISCO SYS INC | COM | 17275R102 |  | 1179949 | 24768 | SH |  | SOLE |  | 0 | 0 | 24768 |
| CLOROX CO DEL | COM | 189054109 |  | 6393575 | 45561 | SH |  | SOLE |  | 0 | 0 | 45561 |
| COCA COLA CO | COM | 191216100 |  | 275559 | 4332 | SH |  | SOLE |  | 0 | 0 | 4332 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 8973866 | 76050 | SH |  | SOLE |  | 0 | 0 | 76050 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1405564 | 3079 | SH |  | SOLE |  | 0 | 0 | 3079 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 7089894 | 991594 | SH |  | SOLE |  | 0 | 0 | 991594 |
| DEERE  CO | COM | 244199105 |  | 568965 | 1327 | SH |  | SOLE |  | 0 | 0 | 1327 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 3166552 | 356594 | SH |  | SOLE |  | 0 | 0 | 356594 |
| DILLARDS INC | CL A | 254067101 |  | 347440 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| DIREXION SHS ETF TR | DLY S OIL GAS | 25460G328 |  | 7302653 | 513548 | SH |  | SOLE |  | 0 | 0 | 513548 |
| DIREXION SHS ETF TR | DLY S BR 1X | 25460E869 |  | 420543 | 25472 | SH |  | SOLE |  | 0 | 0 | 25472 |
| DISNEY WALT CO | COM | 254687106 |  | 643173 | 7403 | SH |  | SOLE |  | 0 | 0 | 7403 |
| E L F BEAUTY INC | COM | 26856L103 |  | 3632989 | 65696 | SH |  | SOLE |  | 0 | 0 | 65696 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 259563 | 506 | SH |  | SOLE |  | 0 | 0 | 506 |
| EMX RTY CORP | COM | 26873J107 |  | 37800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| ENBRIDGE INC | COM | 29250N105 |  | 493911 | 12632 | SH |  | SOLE |  | 0 | 0 | 12632 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 380434 | 32050 | SH |  | SOLE |  | 0 | 0 | 32050 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 7447370 | 308763 | SH |  | SOLE |  | 0 | 0 | 308763 |
| EQT CORP | COM | 26884L109 |  | 1332828 | 39398 | SH |  | SOLE |  | 0 | 0 | 39398 |
| ERIE INDTY CO | CL A | 29530P102 |  | 381288 | 1533 | SH |  | SOLE |  | 0 | 0 | 1533 |
| ETF SER SOLUTIONS | ACQUIRERS FD | 26922A263 |  | 14305607 | 555435 | SH |  | SOLE |  | 0 | 0 | 555435 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 3919256 | 26629 | SH |  | SOLE |  | 0 | 0 | 26629 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 488960 | 4433 | SH |  | SOLE |  | 0 | 0 | 4433 |
| FAIR ISAAC CORP | COM | 303250104 |  | 2594844 | 4335 | SH |  | SOLE |  | 0 | 0 | 4335 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 221530 | 3265 | SH |  | SOLE |  | 0 | 0 | 3265 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 454947 | 6070 | SH |  | SOLE |  | 0 | 0 | 6070 |
| FIRST TR EXCHNG TRADED FD VI | FT CBOE EQTY BFR | 33740U505 |  | 616938 | 19425 | SH |  | SOLE |  | 0 | 0 | 19425 |
| FLOWERS FOODS INC | COM | 343498101 |  | 350829 | 12207 | SH |  | SOLE |  | 0 | 0 | 12207 |
| FOX CORP | CL A COM | 35137L105 |  | 268197 | 8831 | SH |  | SOLE |  | 0 | 0 | 8831 |
| FRANKLIN ETF TR | SHRT DUR US GOVT | 353506108 |  | 210276 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| GABELLI UTIL TR | COM | 36240A101 |  | 143509 | 19109 | SH |  | SOLE |  | 0 | 0 | 19109 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 456377 | 1839 | SH |  | SOLE |  | 0 | 0 | 1839 |
| GENUINE PARTS CO | COM | 372460105 |  | 453555 | 2614 | SH |  | SOLE |  | 0 | 0 | 2614 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 569872 | 6638 | SH |  | SOLE |  | 0 | 0 | 6638 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 1558432 | 31534 | SH |  | SOLE |  | 0 | 0 | 31534 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 755646 | 14022 | SH |  | SOLE |  | 0 | 0 | 14022 |
| HAWAIIAN HOLDINGS INC | COM | 419879101 |  | 119221 | 11620 | SH |  | SOLE |  | 0 | 0 | 11620 |
| HERSHEY CO | COM | 427866108 |  | 265611 | 1147 | SH |  | SOLE |  | 0 | 0 | 1147 |
| HOME DEPOT INC | COM | 437076102 |  | 547701 | 1734 | SH |  | SOLE |  | 0 | 0 | 1734 |
| IMPINJ INC | COM | 453204109 |  | 2565948 | 23502 | SH |  | SOLE |  | 0 | 0 | 23502 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C730 |  | 8825195 | 329361 | SH |  | SOLE |  | 0 | 0 | 329361 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C797 |  | 5490662 | 182596 | SH |  | SOLE |  | 0 | 0 | 182596 |
| INNOVATOR ETFS TR | US EQTY PWR BF | 45782C680 |  | 1723000 | 60776 | SH |  | SOLE |  | 0 | 0 | 60776 |
| INNOVATOR ETFS TR | DEFINED WLT SHLD | 45783Y855 |  | 1623144 | 61048 | SH |  | SOLE |  | 0 | 0 | 61048 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C573 |  | 707412 | 23432 | SH |  | SOLE |  | 0 | 0 | 23432 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C748 |  | 576731 | 19400 | SH |  | SOLE |  | 0 | 0 | 19400 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C318 |  | 571547 | 20347 | SH |  | SOLE |  | 0 | 0 | 20347 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C508 |  | 548621 | 17411 | SH |  | SOLE |  | 0 | 0 | 17411 |
| INNOVATOR ETFS TR | US EQT PWR BUF | 45782C870 |  | 497446 | 17721 | SH |  | SOLE |  | 0 | 0 | 17721 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C813 |  | 266427 | 8825 | SH |  | SOLE |  | 0 | 0 | 8825 |
| INNOVATOR ETFS TR | LADERD ALCTN PWR | 45783Y814 |  | 210218 | 6111 | SH |  | SOLE |  | 0 | 0 | 6111 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C300 |  | 205058 | 6902 | SH |  | SOLE |  | 0 | 0 | 6902 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C540 |  | 203521 | 6809 | SH |  | SOLE |  | 0 | 0 | 6809 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1097392 | 7789 | SH |  | SOLE |  | 0 | 0 | 7789 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 3543532 | 143754 | SH |  | SOLE |  | 0 | 0 | 143754 |
| INVESCO DB US DLR INDEX TR | BULLISH FD | 46141D203 |  | 28003294 | 1006951 | SH |  | SOLE |  | 0 | 0 | 1006951 |
| INVESCO EXCH TRD SLF IDX FD | DEFENSIVE EQTY | 46138J775 |  | 632281 | 9507 | SH |  | SOLE |  | 0 | 0 | 9507 |
| INVESCO EXCHANGE TRADED FD T | DWA UTILS MUMT | 46137V795 |  | 573770 | 16782 | SH |  | SOLE |  | 0 | 0 | 16782 |
| INVESCO EXCHNG TRAD SLF INDE | INVT GRD DEFSV | 46139W502 |  | 307548 | 12887 | SH |  | SOLE |  | 0 | 0 | 12887 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4838625 | 18171 | SH |  | SOLE |  | 0 | 0 | 18171 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 369007 | 1801 | SH |  | SOLE |  | 0 | 0 | 1801 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 2532230 | 73207 | SH |  | SOLE |  | 0 | 0 | 73207 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 5221012 | 98417 | SH |  | SOLE |  | 0 | 0 | 98417 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 1155435 | 21224 | SH |  | SOLE |  | 0 | 0 | 21224 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 451936 | 13808 | SH |  | SOLE |  | 0 | 0 | 13808 |
| ISHARES INC | MSCI AUST ETF | 464286103 |  | 366049 | 16466 | SH |  | SOLE |  | 0 | 0 | 16466 |
| ISHARES INC | MSCI TURKEY ETF | 464286715 |  | 286343 | 7739 | SH |  | SOLE |  | 0 | 0 | 7739 |
| ISHARES INC | MSCI FRANCE ETF | 464286707 |  | 258303 | 7799 | SH |  | SOLE |  | 0 | 0 | 7799 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 257270 | 5509 | SH |  | SOLE |  | 0 | 0 | 5509 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 672050 | 30520 | SH |  | SOLE |  | 0 | 0 | 30520 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 55374083 | 898347 | SH |  | SOLE |  | 0 | 0 | 898347 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 50007982 | 708027 | SH |  | SOLE |  | 0 | 0 | 708027 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 41510207 | 414522 | SH |  | SOLE |  | 0 | 0 | 414522 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 41498061 | 438483 | SH |  | SOLE |  | 0 | 0 | 438483 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 39261529 | 394350 | SH |  | SOLE |  | 0 | 0 | 394350 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 27908980 | 329932 | SH |  | SOLE |  | 0 | 0 | 329932 |
| ISHARES TR | CORE S ETF | 464287200 |  | 26517841 | 69019 | SH |  | SOLE |  | 0 | 0 | 69019 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 18196538 | 404998 | SH |  | SOLE |  | 0 | 0 | 404998 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 13796313 | 162788 | SH |  | SOLE |  | 0 | 0 | 162788 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 12947148 | 119682 | SH |  | SOLE |  | 0 | 0 | 119682 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 10308351 | 298533 | SH |  | SOLE |  | 0 | 0 | 298533 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 8092673 | 176388 | SH |  | SOLE |  | 0 | 0 | 176388 |
| ISHARES TR | MBS ETF | 464288588 |  | 8016153 | 86428 | SH |  | SOLE |  | 0 | 0 | 86428 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 5485909 | 241457 | SH |  | SOLE |  | 0 | 0 | 241457 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 5373580 | 64154 | SH |  | SOLE |  | 0 | 0 | 64154 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 5230258 | 54607 | SH |  | SOLE |  | 0 | 0 | 54607 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 3351679 | 81968 | SH |  | SOLE |  | 0 | 0 | 81968 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2773939 | 37239 | SH |  | SOLE |  | 0 | 0 | 37239 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 2681862 | 25196 | SH |  | SOLE |  | 0 | 0 | 25196 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 2264117 | 15515 | SH |  | SOLE |  | 0 | 0 | 15515 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 2224901 | 30859 | SH |  | SOLE |  | 0 | 0 | 30859 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1477601 | 14015 | SH |  | SOLE |  | 0 | 0 | 14015 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1000563 | 4534 | SH |  | SOLE |  | 0 | 0 | 4534 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 995802 | 14334 | SH |  | SOLE |  | 0 | 0 | 14334 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 924747 | 8267 | SH |  | SOLE |  | 0 | 0 | 8267 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 841126 | 27434 | SH |  | SOLE |  | 0 | 0 | 27434 |
| ISHARES TR | FALN ANGLS USD | 46435G474 |  | 791731 | 32171 | SH |  | SOLE |  | 0 | 0 | 32171 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 691171 | 19062 | SH |  | SOLE |  | 0 | 0 | 19062 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 605520 | 12031 | SH |  | SOLE |  | 0 | 0 | 12031 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 419243 | 5165 | SH |  | SOLE |  | 0 | 0 | 5165 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 311129 | 6692 | SH |  | SOLE |  | 0 | 0 | 6692 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 206102 | 1570 | SH |  | SOLE |  | 0 | 0 | 1570 |
| ISHARES U S ETF TR | GSCI CMDTY STGY | 46431W853 |  | 861205 | 30550 | SH |  | SOLE |  | 0 | 0 | 30550 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 655291 | 13300 | SH |  | SOLE |  | 0 | 0 | 13300 |
| J P MORGAN EXCHANGE TRADED F | INTERNL GWT | 46641Q324 |  | 594114 | 11314 | SH |  | SOLE |  | 0 | 0 | 11314 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 845515 | 4786 | SH |  | SOLE |  | 0 | 0 | 4786 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 515749 | 3846 | SH |  | SOLE |  | 0 | 0 | 3846 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 661186 | 36570 | SH |  | SOLE |  | 0 | 0 | 36570 |
| KRANESHARES TR | GLOBAL CARB STRA | 500767678 |  | 242088 | 6638 | SH |  | SOLE |  | 0 | 0 | 6638 |
| LILLY ELI  CO | COM | 532457108 |  | 11864580 | 32431 | SH |  | SOLE |  | 0 | 0 | 32431 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 3038182 | 104369 | SH |  | SOLE |  | 0 | 0 | 104369 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 32065 | 14575 | SH |  | SOLE |  | 0 | 0 | 14575 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1125404 | 2313 | SH |  | SOLE |  | 0 | 0 | 2313 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 287525 | 5726 | SH |  | SOLE |  | 0 | 0 | 5726 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 240530 | 1615 | SH |  | SOLE |  | 0 | 0 | 1615 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 605746 | 1742 | SH |  | SOLE |  | 0 | 0 | 1742 |
| MCDONALDS CORP | COM | 580135101 |  | 859862 | 3263 | SH |  | SOLE |  | 0 | 0 | 3263 |
| MERCK  CO INC | COM | 58933Y105 |  | 5153628 | 46450 | SH |  | SOLE |  | 0 | 0 | 46450 |
| META PLATFORMS INC | CL A | 30303M102 |  | 214446 | 1782 | SH |  | SOLE |  | 0 | 0 | 1782 |
| MICROSOFT CORP | COM | 594918104 |  | 8023181 | 33455 | SH |  | SOLE |  | 0 | 0 | 33455 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 213788 | 6510 | SH |  | SOLE |  | 0 | 0 | 6510 |
| MURPHY USA INC | COM | 626755102 |  | 376261 | 1346 | SH |  | SOLE |  | 0 | 0 | 1346 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 4175306 | 942507 | SH |  | SOLE |  | 0 | 0 | 942507 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 1130221 | 110158 | SH |  | SOLE |  | 0 | 0 | 110158 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 6226383 | 98847 | SH |  | SOLE |  | 0 | 0 | 98847 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 97724 | 19275 | SH |  | SOLE |  | 0 | 0 | 19275 |
| PAYCHEX INC | COM | 704326107 |  | 974864 | 8436 | SH |  | SOLE |  | 0 | 0 | 8436 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 3140517 | 44096 | SH |  | SOLE |  | 0 | 0 | 44096 |
| PEPSICO INC | COM | 713448108 |  | 447134 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| PFIZER INC | COM | 717081103 |  | 816396 | 15933 | SH |  | SOLE |  | 0 | 0 | 15933 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 720818 | 7122 | SH |  | SOLE |  | 0 | 0 | 7122 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 1361469 | 13801 | SH |  | SOLE |  | 0 | 0 | 13801 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 418929 | 4992 | SH |  | SOLE |  | 0 | 0 | 4992 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 454229 | 2997 | SH |  | SOLE |  | 0 | 0 | 2997 |
| PROSHARES TR | ULTRAPRO SHT QQQ | 74347G432 |  | 11290172 | 209039 | SH |  | SOLE |  | 0 | 0 | 209039 |
| PROSHARES TR | SHORT S 500 NE | 74347B425 |  | 4949647 | 308774 | SH |  | SOLE |  | 0 | 0 | 308774 |
| PROSHARES TR | SHORT QQQ NEW | 74347B714 |  | 283522 | 19261 | SH |  | SOLE |  | 0 | 0 | 19261 |
| PROSHARES TR II | VIX MDTRM FUTR N | 74347W338 |  | 3162176 | 104156 | SH |  | SOLE |  | 0 | 0 | 104156 |
| PUBLIC STORAGE | COM | 74460D109 |  | 2166989 | 7734 | SH |  | SOLE |  | 0 | 0 | 7734 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 6529748 | 230978 | SH |  | SOLE |  | 0 | 0 | 230978 |
| RIOT BLOCKCHAIN INC | COM | 767292105 |  | 136366 | 40226 | SH |  | SOLE |  | 0 | 0 | 40226 |
| RLI CORP | COM | 749607107 |  | 427021 | 3253 | SH |  | SOLE |  | 0 | 0 | 3253 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 3984577 | 233974 | SH |  | SOLE |  | 0 | 0 | 233974 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 2913998 | 54508 | SH |  | SOLE |  | 0 | 0 | 54508 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 510197 | 6754 | SH |  | SOLE |  | 0 | 0 | 6754 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 343527 | 6183 | SH |  | SOLE |  | 0 | 0 | 6183 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 313029 | 6489 | SH |  | SOLE |  | 0 | 0 | 6489 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 20205572 | 162372 | SH |  | SOLE |  | 0 | 0 | 162372 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 11066341 | 81460 | SH |  | SOLE |  | 0 | 0 | 81460 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 9432941 | 275817 | SH |  | SOLE |  | 0 | 0 | 275817 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 7973346 | 106953 | SH |  | SOLE |  | 0 | 0 | 106953 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 5610194 | 43436 | SH |  | SOLE |  | 0 | 0 | 43436 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 5227207 | 59760 | SH |  | SOLE |  | 0 | 0 | 59760 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 4614047 | 96146 | SH |  | SOLE |  | 0 | 0 | 96146 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 4480831 | 45625 | SH |  | SOLE |  | 0 | 0 | 45625 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 4072080 | 57760 | SH |  | SOLE |  | 0 | 0 | 57760 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 3671623 | 47266 | SH |  | SOLE |  | 0 | 0 | 47266 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 1686519 | 45668 | SH |  | SOLE |  | 0 | 0 | 45668 |
| SERVICE CORP INTL | COM | 817565104 |  | 390710 | 5651 | SH |  | SOLE |  | 0 | 0 | 5651 |
| SHENANDOAH TELECOMMUNICATION | COM | 82312B106 |  | 506508 | 31896 | SH |  | SOLE |  | 0 | 0 | 31896 |
| SIMPLIFY EXCHANGE TRADED FUN | MANAGED FUTURES | 82889N699 |  | 2362176 | 90818 | SH |  | SOLE |  | 0 | 0 | 90818 |
| SIMPLIFY EXCHANGE TRADED FUN | HEALTH CARE ETF | 82889N772 |  | 490252 | 18431 | SH |  | SOLE |  | 0 | 0 | 18431 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 |  | 268646 | 46001 | SH |  | SOLE |  | 0 | 0 | 46001 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 4661893 | 29420 | SH |  | SOLE |  | 0 | 0 | 29420 |
| SNOWFLAKE INC | CL A | 833445109 |  | 2570227 | 17906 | SH |  | SOLE |  | 0 | 0 | 17906 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 8638747 | 50924 | SH |  | SOLE |  | 0 | 0 | 50924 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9454376 | 24722 | SH |  | SOLE |  | 0 | 0 | 24722 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 104747871 | 1145161 | SH |  | SOLE |  | 0 | 0 | 1145161 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 1101870 | 12243 | SH |  | SOLE |  | 0 | 0 | 12243 |
| SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 |  | 219216 | 5490 | SH |  | SOLE |  | 0 | 0 | 5490 |
| STAG INDL INC | COM | 85254J102 |  | 8933618 | 276497 | SH |  | SOLE |  | 0 | 0 | 276497 |
| STARBUCKS CORP | COM | 855244109 |  | 295668 | 2981 | SH |  | SOLE |  | 0 | 0 | 2981 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 3095088 | 37699 | SH |  | SOLE |  | 0 | 0 | 37699 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 412079 | 5532 | SH |  | SOLE |  | 0 | 0 | 5532 |
| TESLA INC | COM | 88160R101 |  | 540144 | 4385 | SH |  | SOLE |  | 0 | 0 | 4385 |
| T-MOBILE US INC | COM | 872590104 |  | 267120 | 1908 | SH |  | SOLE |  | 0 | 0 | 1908 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 438164 | 2337 | SH |  | SOLE |  | 0 | 0 | 2337 |
| UNION PAC CORP | COM | 907818108 |  | 390948 | 1888 | SH |  | SOLE |  | 0 | 0 | 1888 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 425039 | 2445 | SH |  | SOLE |  | 0 | 0 | 2445 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 4687485 | 16856 | SH |  | SOLE |  | 0 | 0 | 16856 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 292129 | 551 | SH |  | SOLE |  | 0 | 0 | 551 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 378812 | 5273 | SH |  | SOLE |  | 0 | 0 | 5273 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 205591 | 2731 | SH |  | SOLE |  | 0 | 0 | 2731 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 9680644 | 204104 | SH |  | SOLE |  | 0 | 0 | 204104 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 22522768 | 64105 | SH |  | SOLE |  | 0 | 0 | 64105 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2012079 | 10524 | SH |  | SOLE |  | 0 | 0 | 10524 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 889521 | 4174 | SH |  | SOLE |  | 0 | 0 | 4174 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 234699 | 1672 | SH |  | SOLE |  | 0 | 0 | 1672 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 16387745 | 211427 | SH |  | SOLE |  | 0 | 0 | 211427 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1042263 | 18026 | SH |  | SOLE |  | 0 | 0 | 18026 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 5604024 | 36905 | SH |  | SOLE |  | 0 | 0 | 36905 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 865896 | 16742 | SH |  | SOLE |  | 0 | 0 | 16742 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 319350 | 7609 | SH |  | SOLE |  | 0 | 0 | 7609 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 216420 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 1351381 | 20519 | SH |  | SOLE |  | 0 | 0 | 20519 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 446738 | 2913 | SH |  | SOLE |  | 0 | 0 | 2913 |
| VAPOTHERM INC | COM | 922107107 |  | 276113 | 102264 | SH |  | SOLE |  | 0 | 0 | 102264 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 767867 | 19489 | SH |  | SOLE |  | 0 | 0 | 19489 |
| VICTORY PORTFOLIOS II | VCSHS US EQ INCM | 92647N824 |  | 211597 | 3409 | SH |  | SOLE |  | 0 | 0 | 3409 |
| VISA INC | COM CL A | 92826C839 |  | 322236 | 1551 | SH |  | SOLE |  | 0 | 0 | 1551 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 301837 | 1924 | SH |  | SOLE |  | 0 | 0 | 1924 |
| WATERS CORP | COM | 941848103 |  | 561146 | 1638 | SH |  | SOLE |  | 0 | 0 | 1638 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 200355 | 7462 | SH |  | SOLE |  | 0 | 0 | 7462 |
| WILLSCOT MOBIL MINI HLDNG CO | COM CL A | 971378104 |  | 4137030 | 91588 | SH |  | SOLE |  | 0 | 0 | 91588 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 318863 | 6343 | SH |  | SOLE |  | 0 | 0 | 6343 |

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