# EDGAR Filing Document

**Accession Number:** 0001606666
**File Stem:** 0001104659-25-110889
**Filing Date:** 2025-11
**Character Count:** 30392
**Document Hash:** 68d09c2491708ac4a5db7393718e9a29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-110889.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001104659-25-110889

**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:** Fort Sheridan Advisors LLC
- **CENTRAL INDEX KEY:** 0001606666

**ORGANIZATION NAME:**
- **EIN:** 270463256
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19508
- **FILM NUMBER:** 251475534

**BUSINESS ADDRESS:**
- **STREET 1:** 600 CENTRAL AVENUE
- **STREET 2:** SUITE 365
- **CITY:** HIGHLAND PARK
- **STATE:** IL
- **ZIP:** 60035
- **BUSINESS PHONE:** 312-257-2234

**MAIL ADDRESS:**
- **STREET 1:** 600 CENTRAL AVENUE
- **STREET 2:** SUITE 365
- **CITY:** HIGHLAND PARK
- **STATE:** IL
- **ZIP:** 60035

### 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:** Fort Sheridan Advisors LLC<br>**Address:** 600 Central Avenue<br>Suite 365<br>Highland Park, IL 60035

**Form 13F File Number:** 028-19508

**CRD Number (if applicable):** 000151139

**SEC File Number (if applicable):** 801-70517

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:** Peter Karmin<br>**Title:** Managing Member<br>**Phone:** 847-559-9700

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

/s/ Peter Karmin  Highland Park, IL  11-12-2025<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:** 268

**Form 13F Information Table Value Total:** $764438666

      (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 |
| APPLE INC | COM | 037833100 |  | 66231669 | 260109 | SH |  | SOLE |  | 0 | 66231669 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 15022281 | 64880 | SH |  | SOLE |  | 0 | 15022281 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2157692 | 16109 | SH |  | SOLE |  | 0 | 2157692 | 0 |
| ADOBE INC | COM | 00724F101 |  | 451520 | 1280 | SH |  | SOLE |  | 0 | 451520 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 294811 | 1749 | SH |  | SOLE |  | 0 | 294811 | 0 |
| GALLAGHER ARTHUR J | COM | 363576109 |  | 278766 | 900 | SH |  | SOLE |  | 0 | 278766 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 223408 | 1141 | SH |  | SOLE |  | 0 | 223408 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 4814170 | 22428 | SH |  | SOLE |  | 0 | 4814170 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 775656 | 1701 | SH |  | SOLE |  | 0 | 775656 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 5813857 | 28396 | SH |  | SOLE |  | 0 | 5813857 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1070726 | 6618 | SH |  | SOLE |  | 0 | 1070726 | 0 |
| AMGEN INC | COM | 031162100 |  | 1945783 | 6895 | SH |  | SOLE |  | 0 | 1945783 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 376426 | 8021 | SH |  | SOLE |  | 0 | 376426 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 498128 | 1014 | SH |  | SOLE |  | 0 | 498128 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 22186479 | 101045 | SH |  | SOLE |  | 0 | 22186479 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 234010 | 1606 | SH |  | SOLE |  | 0 | 234010 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 201824 | 566 | SH |  | SOLE |  | 0 | 201824 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1247520 | 9361 | SH |  | SOLE |  | 0 | 1247520 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 1004249 | 29924 | SH |  | SOLE |  | 0 | 1004249 | 0 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 363669 | 14383 | SH |  | SOLE |  | 0 | 363669 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1941544 | 2006 | SH |  | SOLE |  | 0 | 1941544 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 2680849 | 8126 | SH |  | SOLE |  | 0 | 2680849 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 6803965 | 20484 | SH |  | SOLE |  | 0 | 6803965 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 215244 | 625 | SH |  | SOLE |  | 0 | 215244 | 0 |
| BOEING CO | COM | 097023105 |  | 7157905 | 33165 | SH |  | SOLE |  | 0 | 7157905 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2193875 | 42525 | SH |  | SOLE |  | 0 | 2193875 | 0 |
| BEST BUY INC | COM | 086516101 |  | 234422 | 3100 | SH |  | SOLE |  | 0 | 234422 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 1764299 | 68410 | SH |  | SOLE |  | 0 | 1764299 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A  EX SUB VTG | 11285B108 |  | 449180 | 13050 | SH |  | SOLE |  | 0 | 449180 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 1987773 | 60437 | SH |  | SOLE |  | 0 | 1987773 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 682444 | 32606 | SH |  | SOLE |  | 0 | 682444 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 372550 | 69 | SH |  | SOLE |  | 0 | 372550 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 852251 | 731 | SH |  | SOLE |  | 0 | 852251 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 378672 | 8396 | SH |  | SOLE |  | 0 | 378672 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 250386 | 7266 | SH |  | SOLE |  | 0 | 250386 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2262600 | 3 | SH |  | SOLE |  | 0 | 2262600 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 8389222 | 16687 | SH |  | SOLE |  | 0 | 8389222 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 471292 | 35867 | SH |  | SOLE |  | 0 | 471292 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1702179 | 17435 | SH |  | SOLE |  | 0 | 1702179 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 19173920 | 112227 | SH |  | SOLE |  | 0 | 19173920 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1191306 | 11737 | SH |  | SOLE |  | 0 | 1191306 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1715831 | 3596 | SH |  | SOLE |  | 0 | 1715831 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 4620020 | 18838 | SH |  | SOLE |  | 0 | 4620020 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1044381 | 19646 | SH |  | SOLE |  | 0 | 1044381 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 677160 | 10800 | SH |  | SOLE |  | 0 | 677160 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 671334 | 2329 | SH |  | SOLE |  | 0 | 671334 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 435699 | 2991 | SH |  | SOLE |  | 0 | 435699 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 480852 | 15304 | SH |  | SOLE |  | 0 | 480852 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 29226452 | 108170 | SH |  | SOLE |  | 0 | 29226452 | 0 |
| CONNECTONE BANCORP INC | COM | 20786W107 |  | 293453 | 11828 | SH |  | SOLE |  | 0 | 293453 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 331412 | 1559 | SH |  | SOLE |  | 0 | 331412 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 1223591 | 11359 | SH |  | SOLE |  | 0 | 1223591 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 528734 | 5590 | SH |  | SOLE |  | 0 | 528734 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2464706 | 2663 | SH |  | SOLE |  | 0 | 2464706 | 0 |
| PACER FDS TR | US LRG CP CASH | 69374H360 |  | 271343 | 7475 | SH |  | SOLE |  | 0 | 271343 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 325638 | 1374 | SH |  | SOLE |  | 0 | 325638 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 5193615 | 10591 | SH |  | SOLE |  | 0 | 5193615 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2948426 | 43093 | SH |  | SOLE |  | 0 | 2948426 | 0 |
| CSX CORP | COM | 126408103 |  | 262774 | 7400 | SH |  | SOLE |  | 0 | 262774 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 490563 | 6507 | SH |  | SOLE |  | 0 | 490563 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6927651 | 44611 | SH |  | SOLE |  | 0 | 6927651 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 752503 | 26637 | SH |  | SOLE |  | 0 | 752503 | 0 |
| DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 |  | 245868 | 15781 | SH |  | SOLE |  | 0 | 245868 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 669884 | 8599 | SH |  | SOLE |  | 0 | 669884 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 2576449 | 4193 | SH |  | SOLE |  | 0 | 2576449 | 0 |
| DEERE | COM | 244199105 |  | 4185084 | 9153 | SH |  | SOLE |  | 0 | 4185084 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 727231 | 10682 | SH |  | SOLE |  | 0 | 727231 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 201630 | 1017 | SH |  | SOLE |  | 0 | 201630 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1105747 | 9657 | SH |  | SOLE |  | 0 | 1105747 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 544226 | 3148 | SH |  | SOLE |  | 0 | 544226 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 352674 | 13622 | SH |  | SOLE |  | 0 | 352674 | 0 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 1097595 | 89381 | SH |  | SOLE |  | 0 | 1097595 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 217651 | 1700 | SH |  | SOLE |  | 0 | 217651 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 260035 | 2785 | SH |  | SOLE |  | 0 | 260035 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 2848840 | 56457 | SH |  | SOLE |  | 0 | 2848840 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 30694185 | 981586 | SH |  | SOLE |  | 0 | 30694185 | 0 |
| EQT CORP | COM | 26884L109 |  | 1368108 | 25135 | SH |  | SOLE |  | 0 | 1368108 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 317893 | 2684 | SH |  | SOLE |  | 0 | 317893 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 6774260 | 394770 | SH |  | SOLE |  | 0 | 6774260 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 775820 | 2073 | SH |  | SOLE |  | 0 | 775820 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 233515 | 5612 | SH |  | SOLE |  | 0 | 233515 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 483426 | 6027 | SH |  | SOLE |  | 0 | 483426 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 629930 | 10170 | SH |  | SOLE |  | 0 | 629930 | 0 |
| FORD MTR CO | COM | 345370860 |  | 728842 | 60940 | SH |  | SOLE |  | 0 | 728842 | 0 |
| FIDELITY COVINGTON TRUST | BLUE CHIP GRWTH | 316092352 |  | 261593 | 4875 | SH |  | SOLE |  | 0 | 261593 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 378826 | 9659 | SH |  | SOLE |  | 0 | 378826 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 423043 | 1794 | SH |  | SOLE |  | 0 | 423043 | 0 |
| FIDELITY COVINGTON TRUST | ENHANCED INTL | 31609A404 |  | 208434 | 5908 | SH |  | SOLE |  | 0 | 208434 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 1153517 | 51018 | SH |  | SOLE |  | 0 | 1153517 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1490562 | 6759 | SH |  | SOLE |  | 0 | 1490562 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 252078 | 2515 | SH |  | SOLE |  | 0 | 252078 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 251658 | 738 | SH |  | SOLE |  | 0 | 251658 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1327659 | 17378 | SH |  | SOLE |  | 0 | 1327659 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1415057 | 4704 | SH |  | SOLE |  | 0 | 1415057 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 203596 | 2711 | SH |  | SOLE |  | 0 | 203596 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1818259 | 2957 | SH |  | SOLE |  | 0 | 1818259 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 811410 | 7310 | SH |  | SOLE |  | 0 | 811410 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 504767 | 1420 | SH |  | SOLE |  | 0 | 504767 | 0 |
| CORNING INC | COM | 219350105 |  | 215821 | 2631 | SH |  | SOLE |  | 0 | 215821 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1168040 | 19158 | SH |  | SOLE |  | 0 | 1168040 | 0 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 230415 | 3891 | SH |  | SOLE |  | 0 | 230415 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 27391625 | 112468 | SH |  | SOLE |  | 0 | 27391625 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5849485 | 24062 | SH |  | SOLE |  | 0 | 5849485 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 801567 | 1007 | SH |  | SOLE |  | 0 | 801567 | 0 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 249854 | 6866 | SH |  | SOLE |  | 0 | 249854 | 0 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 |  | 2383824 | 77649 | SH |  | SOLE |  | 0 | 2383824 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1062105 | 61500 | SH |  | SOLE |  | 0 | 1062105 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2394382 | 5909 | SH |  | SOLE |  | 0 | 2394382 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 499302 | 4078 | SH |  | SOLE |  | 0 | 499302 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 225806 | 1693 | SH |  | SOLE |  | 0 | 225806 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 240981 | 837 | SH |  | SOLE |  | 0 | 240981 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2454588 | 11661 | SH |  | SOLE |  | 0 | 2454588 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 596688 | 4133 | SH |  | SOLE |  | 0 | 596688 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2361679 | 8370 | SH |  | SOLE |  | 0 | 2361679 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 9367151 | 55598 | SH |  | SOLE |  | 0 | 9367151 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 273471 | 792 | SH |  | SOLE |  | 0 | 273471 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 631511 | 17278 | SH |  | SOLE |  | 0 | 631511 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 1927189 | 15301 | SH |  | SOLE |  | 0 | 1927189 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 545182 | 8354 | SH |  | SOLE |  | 0 | 545182 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 308325 | 2788 | SH |  | SOLE |  | 0 | 308325 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 255094 | 4900 | SH |  | SOLE |  | 0 | 255094 | 0 |
| INTEL CORP | COM | 458140100 |  | 2270570 | 67677 | SH |  | SOLE |  | 0 | 2270570 | 0 |
| INTUIT | COM | 461202103 |  | 520413 | 762 | SH |  | SOLE |  | 0 | 520413 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 1206470 | 27302 | SH |  | SOLE |  | 0 | 1206470 | 0 |
| ITRON INC | COM | 465741106 |  | 1336031 | 10726 | SH |  | SOLE |  | 0 | 1336031 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 920197 | 8337 | SH |  | SOLE |  | 0 | 920197 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1299781 | 1942 | SH |  | SOLE |  | 0 | 1299781 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 213806 | 585 | SH |  | SOLE |  | 0 | 213806 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 656899 | 3227 | SH |  | SOLE |  | 0 | 656899 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 467611 | 998 | SH |  | SOLE |  | 0 | 467611 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 987786 | 4082 | SH |  | SOLE |  | 0 | 987786 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1274375 | 3363 | SH |  | SOLE |  | 0 | 1274375 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 477583 | 11439 | SH |  | SOLE |  | 0 | 477583 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 238403 | 4060 | SH |  | SOLE |  | 0 | 238403 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 218971 | 1118 | SH |  | SOLE |  | 0 | 218971 | 0 |
| JOHNSON | COM | 478160104 |  | 9243964 | 49854 | SH |  | SOLE |  | 0 | 9243964 | 0 |
| JPMORGAN CHASE | COM | 46625H100 |  | 29182258 | 92516 | SH |  | SOLE |  | 0 | 29182258 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 564442 | 7217 | SH |  | SOLE |  | 0 | 564442 | 0 |
| KEYCORP | COM | 493267108 |  | 691530 | 37000 | SH |  | SOLE |  | 0 | 691530 | 0 |
| KKR  INC | COM | 48251W104 |  | 558123 | 4295 | SH |  | SOLE |  | 0 | 558123 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1215953 | 1127 | SH |  | SOLE |  | 0 | 1215953 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2288190 | 80826 | SH |  | SOLE |  | 0 | 2288190 | 0 |
| COCA COLA CO | COM | 191216100 |  | 343901 | 5185 | SH |  | SOLE |  | 0 | 343901 | 0 |
| KENVUE INC | COM | 49177J102 |  | 1841586 | 113468 | SH |  | SOLE |  | 0 | 1841586 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 93249 | 55177 | SH |  | SOLE |  | 0 | 93249 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 703283 | 2303 | SH |  | SOLE |  | 0 | 703283 | 0 |
| ELI LILLY | COM | 532457108 |  | 3849485 | 5045 | SH |  | SOLE |  | 0 | 3849485 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2855359 | 5720 | SH |  | SOLE |  | 0 | 2855359 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 7879574 | 58847 | SH |  | SOLE |  | 0 | 7879574 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 736763 | 15024 | SH |  | SOLE |  | 0 | 736763 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 7760180 | 13643 | SH |  | SOLE |  | 0 | 7760180 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 244384 | 804 | SH |  | SOLE |  | 0 | 244384 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 212630 | 3229 | SH |  | SOLE |  | 0 | 212630 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 285107 | 122 | SH |  | SOLE |  | 0 | 285107 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 11317085 | 15410 | SH |  | SOLE |  | 0 | 11317085 | 0 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 1997727 | 8184 | SH |  | SOLE |  | 0 | 1997727 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 1368102 | 3400 | SH |  | SOLE |  | 0 | 1368102 | 0 |
| MEIRAGTX HLDGS PLC | COM | G59665102 |  | 540163 | 65633 | SH |  | SOLE |  | 0 | 540163 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 430102 | 3123 | SH |  | SOLE |  | 0 | 430102 | 0 |
| WESTERN ASSET MUN HIGH INCOM | COM | 95766N103 |  | 91098 | 12600 | SH |  | SOLE |  | 0 | 91098 | 0 |
| 3M CO | COM | 88579Y101 |  | 214614 | 1383 | SH |  | SOLE |  | 0 | 214614 | 0 |
| MERCK  INC | COM | 58933Y105 |  | 7841841 | 93433 | SH |  | SOLE |  | 0 | 7841841 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 856188 | 10184 | SH |  | SOLE |  | 0 | 856188 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 851986 | 5360 | SH |  | SOLE |  | 0 | 851986 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 77568180 | 149760 | SH |  | SOLE |  | 0 | 77568180 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 |  | 587303 | 11664 | SH |  | SOLE |  | 0 | 587303 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 775758 | 4636 | SH |  | SOLE |  | 0 | 775758 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1037066 | 865 | SH |  | SOLE |  | 0 | 1037066 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 941399 | 1545 | SH |  | SOLE |  | 0 | 941399 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 291510 | 1800 | SH |  | SOLE |  | 0 | 291510 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 1549023 | 20823 | SH |  | SOLE |  | 0 | 1549023 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 249548 | 1854 | SH |  | SOLE |  | 0 | 249548 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 28347010 | 151930 | SH |  | SOLE |  | 0 | 28347010 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1083115 | 8446 | SH |  | SOLE |  | 0 | 1083115 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 19642884 | 269191 | SH |  | SOLE |  | 0 | 19642884 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 6546142 | 23276 | SH |  | SOLE |  | 0 | 6546142 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 2036248 | 119358 | SH |  | SOLE |  | 0 | 2036248 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 5399188 | 26516 | SH |  | SOLE |  | 0 | 5399188 | 0 |
| PEPSICO INC | COM | 713448108 |  | 965385 | 6874 | SH |  | SOLE |  | 0 | 965385 | 0 |
| PFIZER INC | COM | 717081103 |  | 3089151 | 121238 | SH |  | SOLE |  | 0 | 3089151 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 286604 | 9064 | SH |  | SOLE |  | 0 | 286604 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8018889 | 52189 | SH |  | SOLE |  | 0 | 8018889 | 0 |
| INVESCO EXCHANGE TRADED FD T | FINL PFD ETF | 46137V621 |  | 172516 | 11800 | SH |  | SOLE |  | 0 | 172516 | 0 |
| ISHARES INC | MSCI GBL ETF NEW | 46434G848 |  | 353592 | 7946 | SH |  | SOLE |  | 0 | 353592 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 578271 | 3170 | SH |  | SOLE |  | 0 | 578271 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 843705 | 4199 | SH |  | SOLE |  | 0 | 843705 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 274117 | 2642 | SH |  | SOLE |  | 0 | 274117 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 736858 | 8792 | SH |  | SOLE |  | 0 | 736858 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 329902 | 2425 | SH |  | SOLE |  | 0 | 329902 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1977612 | 4772 | SH |  | SOLE |  | 0 | 1977612 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3626648 | 21800 | SH |  | SOLE |  | 0 | 3626648 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5082502 | 8466 | SH |  | SOLE |  | 0 | 5082502 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2296924 | 11809 | SH |  | SOLE |  | 0 | 2296924 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 261155 | 1302 | SH |  | SOLE |  | 0 | 261155 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 4170608 | 366164 | SH |  | SOLE |  | 0 | 4170608 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 248126 | 5179 | SH |  | SOLE |  | 0 | 248126 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 342354 | 5222 | SH |  | SOLE |  | 0 | 342354 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 3237774 | 19350 | SH |  | SOLE |  | 0 | 3237774 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 555653 | 6568 | SH |  | SOLE |  | 0 | 555653 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 778204 | 28506 | SH |  | SOLE |  | 0 | 778204 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1705659 | 53452 | SH |  | SOLE |  | 0 | 1705659 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 3790347 | 52990 | SH |  | SOLE |  | 0 | 3790347 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 480753 | 3235 | SH |  | SOLE |  | 0 | 480753 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 283280 | 868 | SH |  | SOLE |  | 0 | 283280 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 403058 | 1787 | SH |  | SOLE |  | 0 | 403058 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 296334 | 1093 | SH |  | SOLE |  | 0 | 296334 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 335742 | 1789 | SH |  | SOLE |  | 0 | 335742 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1624485 | 2439 | SH |  | SOLE |  | 0 | 1624485 | 0 |
| AT INC | COM | 00206R102 |  | 4344223 | 153832 | SH |  | SOLE |  | 0 | 4344223 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1018284 | 22272 | SH |  | SOLE |  | 0 | 1018284 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 464724 | 5200 | SH |  | SOLE |  | 0 | 464724 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 415453 | 2174 | SH |  | SOLE |  | 0 | 415453 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1542400 | 3180 | SH |  | SOLE |  | 0 | 1542400 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 1308030 | 1401 | SH |  | SOLE |  | 0 | 1308030 | 0 |
| TESLA INC | COM | 88160R101 |  | 947698 | 2131 | SH |  | SOLE |  | 0 | 947698 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 664462 | 2379 | SH |  | SOLE |  | 0 | 664462 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 230347 | 4700 | SH |  | SOLE |  | 0 | 230347 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 259135 | 1003 | SH |  | SOLE |  | 0 | 259135 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 375544 | 2044 | SH |  | SOLE |  | 0 | 375544 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 432636 | 4416 | SH |  | SOLE |  | 0 | 432636 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 246336 | 18466 | SH |  | SOLE |  | 0 | 246336 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 258164 | 4355 | SH |  | SOLE |  | 0 | 258164 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 313288 | 573 | SH |  | SOLE |  | 0 | 313288 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 469194 | 1985 | SH |  | SOLE |  | 0 | 469194 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 682804 | 14128 | SH |  | SOLE |  | 0 | 682804 | 0 |
| UNITED STS COMMODITY INDEX F | COMM IDX FND | 911717106 |  | 210317 | 2700 | SH |  | SOLE |  | 0 | 210317 | 0 |
| COHEN  INFRASTRUCTUR | COM | 19248A109 |  | 241924 | 9755 | SH |  | SOLE |  | 0 | 241924 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 7784716 | 22804 | SH |  | SOLE |  | 0 | 7784716 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 6364188 | 106211 | SH |  | SOLE |  | 0 | 6364188 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 204068 | 685 | SH |  | SOLE |  | 0 | 204068 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 504895 | 6327 | SH |  | SOLE |  | 0 | 504895 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 291012 | 1121 | SH |  | SOLE |  | 0 | 291012 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 5265084 | 24399 | SH |  | SOLE |  | 0 | 5265084 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 446686 | 4987 | SH |  | SOLE |  | 0 | 446686 | 0 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 459393 | 4159 | SH |  | SOLE |  | 0 | 459393 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 258466 | 2827 | SH |  | SOLE |  | 0 | 258466 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 659527 | 2245 | SH |  | SOLE |  | 0 | 659527 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 166970 | 14394 | SH |  | SOLE |  | 0 | 166970 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 210436 | 696 | SH |  | SOLE |  | 0 | 210436 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 2104730 | 17467 | SH |  | SOLE |  | 0 | 2104730 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 17344094 | 28322 | SH |  | SOLE |  | 0 | 17344094 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 607180 | 1394 | SH |  | SOLE |  | 0 | 607180 | 0 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 |  | 461890 | 18700 | SH |  | SOLE |  | 0 | 461890 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 540833 | 3585 | SH |  | SOLE |  | 0 | 540833 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 784063 | 2002 | SH |  | SOLE |  | 0 | 784063 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 2466437 | 12589 | SH |  | SOLE |  | 0 | 2466437 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2093849 | 6380 | SH |  | SOLE |  | 0 | 2093849 | 0 |
| VENTAS INC | COM | 92276F100 |  | 609193 | 8704 | SH |  | SOLE |  | 0 | 609193 | 0 |
| VITESSE ENERGY INC | COMMON STOCK | 92852X103 |  | 586678 | 25255 | SH |  | SOLE |  | 0 | 586678 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1101461 | 5906 | SH |  | SOLE |  | 0 | 1101461 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 323099 | 3303 | SH |  | SOLE |  | 0 | 323099 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2703273 | 5636 | SH |  | SOLE |  | 0 | 2703273 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 234589 | 762 | SH |  | SOLE |  | 0 | 234589 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 3211007 | 59266 | SH |  | SOLE |  | 0 | 3211007 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1067741 | 7575 | SH |  | SOLE |  | 0 | 1067741 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 4114528 | 93618 | SH |  | SOLE |  | 0 | 4114528 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 404837 | 20729 | SH |  | SOLE |  | 0 | 404837 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2034311 | 24270 | SH |  | SOLE |  | 0 | 2034311 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 377819 | 2127 | SH |  | SOLE |  | 0 | 377819 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 328533 | 5186 | SH |  | SOLE |  | 0 | 328533 | 0 |
| WALMART INC | COM | 931142103 |  | 1298247 | 12597 | SH |  | SOLE |  | 0 | 1298247 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 234540 | 1200 | SH |  | SOLE |  | 0 | 234540 | 0 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 227267 | 1716 | SH |  | SOLE |  | 0 | 227267 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 493391 | 4924 | SH |  | SOLE |  | 0 | 493391 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 448160 | 5016 | SH |  | SOLE |  | 0 | 448160 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 582463 | 6679 | SH |  | SOLE |  | 0 | 582463 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2475254 | 21953 | SH |  | SOLE |  | 0 | 2475254 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 582353 | 23975 | SH |  | SOLE |  | 0 | 582353 | 0 |

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