# EDGAR Filing Document

**Accession Number:** 0001392364
**File Stem:** 0001104659-26-010918
**Filing Date:** 2026-2
**Character Count:** 40073
**Document Hash:** d3d1b4a610b09c60d32c37ecc63028f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-010918.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001104659-26-010918

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** L & S Advisors Inc
- **CENTRAL INDEX KEY:** 0001392364

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13201
- **FILM NUMBER:** 26603276

**BUSINESS ADDRESS:**
- **STREET 1:** 11766 WILSHIRE BLVD
- **STREET 2:** SUITE 845
- **CITY:** Los Angeles
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** 310-893-6060

**MAIL ADDRESS:**
- **STREET 1:** 11766 WILSHIRE BLVD
- **STREET 2:** SUITE 845
- **CITY:** Los Angeles
- **STATE:** CA
- **ZIP:** 90025

### 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:** L  S Advisors Inc<br>**Address:** 11766 WILSHIRE BLVD<br>SUITE 845<br>Los Angeles, CA 90025

**Form 13F File Number:** 028-13201

**CRD Number (if applicable):** 000140923

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:** Jason Scott<br>**Title:** Chief Compliance Officer<br>**Phone:** 310-893-6060

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

Jason Scott  Los Angeles, CA  02-04-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 370

**Form 13F Information Table Value Total:** $1082115313

      (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   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | WELLS FARGO CLEARING SERVICES LLC          | 028-13118              |  |  |
|     2 | WELLS FARGO ADVISORS FINANCIAL NETWORK LLC | 028-13117              |  |  |

### 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 |
| US TREASURY | FIXED | 912797PD3 |  | 2994033 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| US TREASURY | FIXED | 912797RL3 |  | 251154 | 252000 | PRN |  | SOLE |  | 0 | 0 | 252000 |
| US TREASURY | FIXED | 91282cjp7 |  | 5386549 | 5345000 | PRN |  | SOLE |  | 0 | 0 | 5345000 |
| US TREASU NT | FIXED | 91282cgr6 |  | 701312 | 700000 | PRN |  | SOLE |  | 0 | 0 | 700000 |
| US TREASURY | FIXED | 9128282a7 |  | 651569 | 660000 | PRN |  | SOLE |  | 0 | 0 | 660000 |
| US TREASURY | FIXED | 9128286f2 |  | 5236137 | 5247000 | PRN |  | SOLE |  | 0 | 0 | 5247000 |
| US TREASURY | FIXED | 9128286l9 |  | 837178 | 840000 | PRN |  | SOLE |  | 0 | 0 | 840000 |
| US TREASURY | FIXED | 9128286s4 |  | 381549 | 383000 | PRN |  | SOLE |  | 0 | 0 | 383000 |
| US TREASURY | FIXED | 9128287B0 |  | 843160 | 850000 | PRN |  | SOLE |  | 0 | 0 | 850000 |
| US TREASURY | FIXED | 912828p46 |  | 705067 | 707000 | PRN |  | SOLE |  | 0 | 0 | 707000 |
| US TREASURY | FIXED | 912828yg9 |  | 508623 | 516000 | PRN |  | SOLE |  | 0 | 0 | 516000 |
| US TREASURY | FIXED | 912828YX2 |  | 982734 | 1000000 | PRN |  | SOLE |  | 0 | 0 | 1000000 |
| US TREASURY | FIXED | 91282cbq3 |  | 472514 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| US TREASURY | FIXED | 91282cbt7 |  | 1217619 | 1226000 | PRN |  | SOLE |  | 0 | 0 | 1226000 |
| US TREASURY | FIXED | 91282ccf6 |  | 558269 | 565000 | PRN |  | SOLE |  | 0 | 0 | 565000 |
| US TREASURY | FIXED | 91282ccj8 |  | 518109 | 525000 | PRN |  | SOLE |  | 0 | 0 | 525000 |
| US TREASURY | FIXED | 91282CCW9 |  | 589008 | 600000 | PRN |  | SOLE |  | 0 | 0 | 600000 |
| US TREASURY | FIXED | 91282CDG3 |  | 2253820 | 2300000 | PRN |  | SOLE |  | 0 | 0 | 2300000 |
| US TREASURY | FIXED | 91282cgl9 |  | 2697105 | 2697000 | PRN |  | SOLE |  | 0 | 0 | 2697000 |
| US TREASURY | FIXED | 91282chh7 |  | 1653380 | 1649000 | PRN |  | SOLE |  | 0 | 0 | 1649000 |
| US TREASURY | FIXED | 91282clp4 |  | 1191162 | 1192000 | PRN |  | SOLE |  | 0 | 0 | 1192000 |
| ADAMAS TRUST INC | FIXED | 649604ag0 |  | 948830 | 956000 | PRN |  | SOLE |  | 0 | 0 | 956000 |
| AGCO CORP | FIXED | 001084ar3 |  | 304047 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ALBEMARLE CORP | FIXED | 012653ad3 |  | 498029 | 495000 | PRN |  | SOLE |  | 0 | 0 | 495000 |
| AMC ENTERTAINMENT | FIXED | 00165cad6 |  | 2231070 | 2399000 | PRN |  | SOLE |  | 0 | 0 | 2399000 |
| AMER AIRLINE 16-1 A | FIXED | 02376waa9 |  | 862869 | 877175 | PRN |  | SOLE |  | 0 | 0 | 877175 |
| AMER AIRLN 14-1 A PTT | FIXED | 02377aaa6 |  | 399425 | 401805 | PRN |  | SOLE |  | 0 | 0 | 401805 |
| AMER AIRLN 15-1 A | FIXED | 023770aa8 |  | 350968 | 355564 | PRN |  | SOLE |  | 0 | 0 | 355564 |
| AMER AIRLN 15-2 AA | FIXED | 02377bab2 |  | 504113 | 511421 | PRN |  | SOLE |  | 0 | 0 | 511421 |
| AMERICAN NATIONAL GROUP | FIXED | 025676am9 |  | 402964 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| AMERN AIRLINE 16-2 A PTT | FIXED | 023764aa1 |  | 221132 | 227955 | PRN |  | SOLE |  | 0 | 0 | 227955 |
| AON CORP | FIXED | 037389ak9 |  | 488451 | 471000 | PRN |  | SOLE |  | 0 | 0 | 471000 |
| APACHE CORP | FIXED | 037411aj4 |  | 301530 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ARCELORMITTAL SA | FIXED | 03938lbe3 |  | 239469 | 230000 | PRN |  | SOLE |  | 0 | 0 | 230000 |
| ARES CAPITAL CORP | FIXED | 04010laz6 |  | 299976 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| ARES CAPITAL CORP | FIXED | 04010lbe2 |  | 476434 | 465000 | PRN |  | SOLE |  | 0 | 0 | 465000 |
| ARROW ELECTRONICS INC | FIXED | 042735ak6 |  | 515030 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| ASSERTIO HOLDINGS INC | FIXED | 04546cab2 |  | 594124 | 663000 | PRN |  | SOLE |  | 0 | 0 | 663000 |
| AVNET INC | FIXED | 053807as2 |  | 299859 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| BAIN CAPITALL SPECIALTY F | FIXED | 05684bad9 |  | 598309 | 601000 | PRN |  | SOLE |  | 0 | 0 | 601000 |
| BARCLAYS PLC | FIXED | 06738eap0 |  | 502160 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| BEAZER HOMES USA | FIXED | 07556qbt1 |  | 386650 | 380000 | PRN |  | SOLE |  | 0 | 0 | 380000 |
| BLACKROCK TCP CAP | FIXED | 09259eac2 |  | 1924919 | 1916000 | PRN |  | SOLE |  | 0 | 0 | 1916000 |
| BLACKROCK TCP CAP CORP | FIXED | 09259eab4 |  | 448312 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| BLACKSTONE SECRUED LEND | FIXED | 09261xah5 |  | 538296 | 531000 | PRN |  | SOLE |  | 0 | 0 | 531000 |
| BOEING CO/THE | FIXED | 097023dp7 |  | 205204 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| CARNIVAL CORP | FIXED | 143658ah5 |  | 558847 | 538000 | PRN |  | SOLE |  | 0 | 0 | 538000 |
| CARNIVAL CORP | FIXED | 693070ad6 |  | 959606 | 915000 | PRN |  | SOLE |  | 0 | 0 | 915000 |
| CARYLE SECURED LENDING | FIXED | 872280aa0 |  | 448770 | 439000 | PRN |  | SOLE |  | 0 | 0 | 439000 |
| CDK GLOBAL INC | FIXED | 12508eaf8 |  | 1607655 | 1708000 | PRN |  | SOLE |  | 0 | 0 | 1708000 |
| CENTENE CORP | FIXED | 15135bar2 |  | 238499 | 240000 | PRN |  | SOLE |  | 0 | 0 | 240000 |
| CITRIX SYSTEMS INC | FIXED | 177376ae0 |  | 2114035 | 2261000 | PRN |  | SOLE |  | 0 | 0 | 2261000 |
| CLECO CORPORATE HOLDINGS | FIXED | 18551pac3 |  | 373508 | 375000 | PRN |  | SOLE |  | 0 | 0 | 375000 |
| CONCENTRIX CORP | FIXED | 20602daa9 |  | 581539 | 575000 | PRN |  | SOLE |  | 0 | 0 | 575000 |
| CONCENTRIX CORP | FIXED | 20602dab7 |  | 343820 | 334000 | PRN |  | SOLE |  | 0 | 0 | 334000 |
| DEVON OEI OPERATING LLC | FIXED | 812007ae2 |  | 513446 | 492000 | PRN |  | SOLE |  | 0 | 0 | 492000 |
| EDISON INTERNTNL | FIXED | 281020an7 |  | 478032 | 470000 | PRN |  | SOLE |  | 0 | 0 | 470000 |
| EPR PROPERTIES | FIXED | 26884uad1 |  | 400612 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| F ANNUITIES  LIFE INC | FIXED | 30190aac8 |  | 525102 | 502000 | PRN |  | SOLE |  | 0 | 0 | 502000 |
| FIDELITY NATL INFO | FIXED | 31620mbw5 |  | 261212 | 260000 | PRN |  | SOLE |  | 0 | 0 | 260000 |
| FISERV INC | FIXED | 337738bd9 |  | 460795 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| FMC CORP | FIXED | 302491at2 |  | 247442 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| FS KKR CAPITAL CORP | FIXED | 302635ag2 |  | 498816 | 499000 | PRN |  | SOLE |  | 0 | 0 | 499000 |
| FS KKR CAPITAL CORP | FIXED | 302635al1 |  | 433786 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| FS KKR CAPITAL CORP | FIXED | 302635am9 |  | 1654185 | 1602000 | PRN |  | SOLE |  | 0 | 0 | 1602000 |
| FS KKR CAPITAL CORP | FIXED | 302635AP2 |  | 310546 | 316000 | PRN |  | SOLE |  | 0 | 0 | 316000 |
| GENESIS ENERGY LP | FIXED | 37185lap7 |  | 700312 | 675000 | PRN |  | SOLE |  | 0 | 0 | 675000 |
| GLOBAL MARINE INC | FIXED | 379352al1 |  | 1665482 | 1706000 | PRN |  | SOLE |  | 0 | 0 | 1706000 |
| GLOBAL PAYMENTS INC | FIXED | 891906ac3 |  | 400080 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| GOLDMAN SACKS BDC INC | FIXED | 38147uae7 |  | 755159 | 740000 | PRN |  | SOLE |  | 0 | 0 | 740000 |
| GRUPO TELEVISA | FIXED | 40049jbb2 |  | 449311 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| HAWAIIAN AIRLINES 13-1A | FIXED | 419838aa5 |  | 662138 | 662802 | PRN |  | SOLE |  | 0 | 0 | 662802 |
| HCA INC | FIXED | 404119bu2 |  | 375817 | 375000 | PRN |  | SOLE |  | 0 | 0 | 375000 |
| HECLA MINING CO | FIXED | 422704ah9 |  | 431075 | 430000 | PRN |  | SOLE |  | 0 | 0 | 430000 |
| ICAHN ENTERPRISES | FIXED | 451102bz9 |  | 1174087 | 1195000 | PRN |  | SOLE |  | 0 | 0 | 1195000 |
| ICAHN ENTERPRISES/FIN | FIXED | 451102cf2 |  | 2137845 | 2154000 | PRN |  | SOLE |  | 0 | 0 | 2154000 |
| IHS MARKIT LTD | FIXED | 44962laj6 |  | 210950 | 210000 | PRN |  | SOLE |  | 0 | 0 | 210000 |
| IIP OPERATION PARTNER | FIXED | 44988fad2 |  | 3424012 | 3485000 | PRN |  | SOLE |  | 0 | 0 | 3485000 |
| JEFFERIES FIN GROUP | FIXED | 47233wjy6 |  | 392918 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| KENNEDY-WILSON INC | FIXED | 489399am7 |  | 550631 | 585000 | PRN |  | SOLE |  | 0 | 0 | 585000 |
| KEYCORP CAPITAL | FIXED | 49326yaa7 |  | 1453388 | 1426000 | PRN |  | SOLE |  | 0 | 0 | 1426000 |
| LLOYDS BANKING GROUP PLC | FIXED | 53944yab9 |  | 485592 | 485000 | PRN |  | SOLE |  | 0 | 0 | 485000 |
| LPL HOLDINGS INC | FIXED | 50212yaj3 |  | 254790 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| MAIN STREET CAPITAL CORP | FIXED | 56035laj3 |  | 510315 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| MERCER INTL INC | FIXED | 588056bb6 |  | 1081327 | 1683000 | PRN |  | SOLE |  | 0 | 0 | 1683000 |
| MERCURY GENERAL CORP | FIXED | 589400ab6 |  | 499035 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| MERITAGE HOMES CORP | FIXED | 59001aba9 |  | 402708 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| MGIC INVESTMENT CORP | FIXED | 552848ag8 |  | 199235 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| MGM GROWTH/MGM FINANCE | FIXED | 55303xab1 |  | 990226 | 989000 | PRN |  | SOLE |  | 0 | 0 | 989000 |
| MORGAN STANLEY DIRECT | FIXED | 61774aad5 |  | 449401 | 450000 | PRN |  | SOLE |  | 0 | 0 | 450000 |
| MYLAN INC | FIXED | 628530bk2 |  | 200212 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| NEW MOUNTAIN FINANCE COR | FIXED | 647551ag5 |  | 817418 | 805000 | PRN |  | SOLE |  | 0 | 0 | 805000 |
| NEWELL BRANDS INC | FIXED | 651229bd7 |  | 949031 | 955000 | PRN |  | SOLE |  | 0 | 0 | 955000 |
| NEWELL BRANDS INC | FIXED | 651229BF2 |  | 548925 | 563000 | PRN |  | SOLE |  | 0 | 0 | 563000 |
| NOKIA OYJ | FIXED | 654902ae5 |  | 400784 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| OAKTREE SPECIALTY LEND | FIXED | 67401pad0 |  | 200458 | 195000 | PRN |  | SOLE |  | 0 | 0 | 195000 |
| OLD DOMIN ELECTRIC CORP | FIXED | 679574ah6 |  | 327478 | 323729 | PRN |  | SOLE |  | 0 | 0 | 323729 |
| ORACLE CORP | FIXED | 68389xbn4 |  | 489135 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| ORANGE  ROCKLAND UTILIT | FIXED | 684065at2 |  | 642868 | 620000 | PRN |  | SOLE |  | 0 | 0 | 620000 |
| PARAMOUNT GLOBAL | FIXED | 92553pbb7 |  | 711304 | 720000 | PRN |  | SOLE |  | 0 | 0 | 720000 |
| PBF HOLDING CO LLC | FIXED | 69318faj7 |  | 1337075 | 1354000 | PRN |  | SOLE |  | 0 | 0 | 1354000 |
| PETROLEOS MEXICANOS | FIXED | 71654qdl3 |  | 2074215 | 1934000 | PRN |  | SOLE |  | 0 | 0 | 1934000 |
| PHILLIPS 66 PARTNERS LP | FIXED | 718549ad0 |  | 296157 | 300000 | PRN |  | SOLE |  | 0 | 0 | 300000 |
| PULTEGROUP INC | FIXED | 745867aw1 |  | 275170 | 275000 | PRN |  | SOLE |  | 0 | 0 | 275000 |
| RADIAN GROUP INC | FIXED | 750236aw1 |  | 476715 | 475000 | PRN |  | SOLE |  | 0 | 0 | 475000 |
| REGAL REXNORD CORPORATIONSER B | FIXED | 758750al7 |  | 518999 | 518000 | PRN |  | SOLE |  | 0 | 0 | 518000 |
| SARATOGA INVESTMENT CORP | FIXED | 80349aad1 |  | 497185 | 500000 | PRN |  | SOLE |  | 0 | 0 | 500000 |
| SASOL FINANCING USA LLC | FIXED | 80386wab1 |  | 1488487 | 1515000 | PRN |  | SOLE |  | 0 | 0 | 1515000 |
| SEAGATE HDD CAYMAN | FIXED | 81180wbf7 |  | 1273360 | 1447000 | PRN |  | SOLE |  | 0 | 0 | 1447000 |
| SEMPRA | FIXED | 816851bq1 |  | 402568 | 400000 | PRN |  | SOLE |  | 0 | 0 | 400000 |
| SYNOVUS BANK GA | FIXED | 87164dvj6 |  | 204286 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| TEGNA INC | FIXED | 87901jah8 |  | 792000 | 800000 | PRN |  | SOLE |  | 0 | 0 | 800000 |
| TEXAS GAS TRANSMISSION | FIXED | 882440an0 |  | 259762 | 250000 | PRN |  | SOLE |  | 0 | 0 | 250000 |
| TITAN INTERNATIONAL INC | FIXED | 88830mam4 |  | 1426781 | 1425000 | PRN |  | SOLE |  | 0 | 0 | 1425000 |
| TPI COMPOSITES INC | FIXED | 87266jab0 |  | 5962 | 530000 | PRN |  | SOLE |  | 0 | 0 | 530000 |
| TRANSOCEAN INC | FIXED | 893817aa4 |  | 203000 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| TRANSOCEAN INC | FIXED | 893830af6 |  | 1870155 | 1979000 | PRN |  | SOLE |  | 0 | 0 | 1979000 |
| UNITED AIR 2020-1 A | FIXED | 90931gaa7 |  | 209208 | 204035 | PRN |  | SOLE |  | 0 | 0 | 204035 |
| UNITED AIR 2020-1 B PTT | FIXED | 90932vaa3 |  | 549039 | 548983 | PRN |  | SOLE |  | 0 | 0 | 548983 |
| UNIVERSAL INSURANCE HLDS | FIXED | 91359vac1 |  | 505423 | 513000 | PRN |  | SOLE |  | 0 | 0 | 513000 |
| UTAH ACQUISITION SUB | FIXED | 62854aan4 |  | 349209 | 350000 | PRN |  | SOLE |  | 0 | 0 | 350000 |
| VALERO ENERGY CORP | FIXED | 252747af7 |  | 760252 | 750000 | PRN |  | SOLE |  | 0 | 0 | 750000 |
| VERISIGN INC | FIXED | 92343eal6 |  | 529232 | 529000 | PRN |  | SOLE |  | 0 | 0 | 529000 |
| VIATRIS INC | FIXED | 92556vac0 |  | 194272 | 200000 | PRN |  | SOLE |  | 0 | 0 | 200000 |
| VITAL ENERGY INC | FIXED | 516806aj5 |  | 2006400 | 1920000 | PRN |  | SOLE |  | 0 | 0 | 1920000 |
| YAMANA GOLD INC | FIXED | 98462yad2 |  | 547265 | 545000 | PRN |  | SOLE |  | 0 | 0 | 545000 |
| BRAMSHILL MULTI STRATEGY INC I | FIXED | 46141Q584 |  | 1644289 | 250272 | SH |  | SOLE |  | 0 | 0 | 250272 |
| DOUBLELINE OPPORTUNISTIC BOND | FIXED | 25861r105 |  | 1480418 | 31930 | SH |  | SOLE |  | 0 | 0 | 31930 |
| EATON VANCE HIGH INCOME | FIXED | 277923546 |  | 369107 | 86039 | SH |  | SOLE |  | 0 | 0 | 86039 |
| FIRST TRUST SENIOR LOAN ETF | FIXED | 33738D309 |  | 705427 | 15375 | SH |  | SOLE |  | 0 | 0 | 15375 |
| FLEXSHARES HIGH YIELD VALUE | FIXED | 33939l662 |  | 426323 | 10466 | SH |  | SOLE |  | 0 | 0 | 10466 |
| ISHARES BROAD US HIGH YIELD ET | FIXED | 46435u853 |  | 225236 | 6023 | SH |  | SOLE |  | 0 | 0 | 6023 |
| ISHARES FLEXIBLE INCOME ACTIVE | FIXED | 092528603 |  | 3598650 | 68195 | SH |  | SOLE |  | 0 | 0 | 68195 |
| ISHARES IB IG CORP BOND | FIXED | 464287242 |  | 2087439 | 18944 | SH |  | SOLE |  | 0 | 0 | 18944 |
| ISHARES IBOXX HY ETF | FIXED | 464288513 |  | 2035585 | 25246 | SH |  | SOLE |  | 0 | 0 | 25246 |
| ISHARES TR MBS ETF | FIXED | 464288588 |  | 2100077 | 22055 | SH |  | SOLE |  | 0 | 0 | 22055 |
| JPM ULTRA-SHORT INCOME | FIXED | 46641Q837 |  | 1104430 | 21831 | SH |  | SOLE |  | 0 | 0 | 21831 |
| PIMCO ACTIVE BOND ETF | FIXED | 72201r775 |  | 3591492 | 38585 | SH |  | SOLE |  | 0 | 0 | 38585 |
| PIMCO ENHANCED SHORT MATURITY | FIXED | 72201r833 |  | 872356 | 8694 | SH |  | SOLE |  | 0 | 0 | 8694 |
| PIMCO SENIOR LOAN ACTIVE ETF | FIXED | 72201r627 |  | 2572204 | 51158 | SH |  | SOLE |  | 0 | 0 | 51158 |
| PIMCO TR MULTISECTOR ETF BD AC | FIXED | 72201R585 |  | 2102144 | 78791 | SH |  | SOLE |  | 0 | 0 | 78791 |
| SPDR BARCLAYS T-BILL ETF | FIXED | 78468r663 |  | 228267 | 2498 | SH |  | SOLE |  | 0 | 0 | 2498 |
| SPDR BLACKSTONE HIGH INCOME | FIXED | 78470P846 |  | 555899 | 19546 | SH |  | SOLE |  | 0 | 0 | 19546 |
| SPDR BLACKSTONE SENIOR LOAN | FIXED | 78467V608 |  | 4996804 | 121076 | SH |  | SOLE |  | 0 | 0 | 121076 |
| VANECK AA-BB CLO ETF | FIXED | 92189h656 |  | 7115671 | 140445 | SH |  | SOLE |  | 0 | 0 | 140445 |
| VANECK BDC INCOME ETF | FIXED | 92189f411 |  | 201696 | 14224 | SH |  | SOLE |  | 0 | 0 | 14224 |
| VANECK CLO ETF | FIXED | 92189h748 |  | 267007 | 5056 | SH |  | SOLE |  | 0 | 0 | 5056 |
| VNGRD INTERMED CA TAX EX | FIXED | 922021308 |  | 152731 | 13212 | SH |  | SOLE |  | 0 | 0 | 13212 |
| 3M COMPANY | COM | 88579y101 |  | 7302961 | 45615 | SH |  | SOLE |  | 0 | 0 | 45615 |
| ABB LTD ADR | COM | 000375204 |  | 3343962 | 45207 | SH |  | SOLE |  | 0 | 0 | 45207 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 2329893 | 18596 | SH |  | SOLE |  | 0 | 0 | 18596 |
| ABBVIE INC | COM | 00287Y109 |  | 8011682 | 35064 | SH |  | SOLE |  | 0 | 0 | 35064 |
| AIRBUS GROUP ADR | COM | 009279100 |  | 3296285 | 56911 | SH |  | SOLE |  | 0 | 0 | 56911 |
| ALCOA CORPORATION | COM | 013872106 |  | 7883638 | 148356 | SH |  | SOLE |  | 0 | 0 | 148356 |
| ALIBABA GROUP | COM | 01609w102 |  | 4817498 | 32866 | SH |  | SOLE |  | 0 | 0 | 32866 |
| ALPHABET INC A | COM | 02079k305 |  | 27561886 | 88057 | SH |  | SOLE |  | 0 | 0 | 88057 |
| ALPHABET INC C | COM | 02079k107 |  | 2645981 | 8432 | SH |  | SOLE |  | 0 | 0 | 8432 |
| AMAZON.COM INC | COM | 023135106 |  | 20174476 | 87403 | SH |  | SOLE |  | 0 | 0 | 87403 |
| AMEREN CORP | COM | 023608102 |  | 301377 | 3018 | SH |  | SOLE |  | 0 | 0 | 3018 |
| AMERICAN EXPRESS | COM | 025816109 |  | 6774894 | 18313 | SH |  | SOLE |  | 0 | 0 | 18313 |
| AMGEN INC | COM | 031162100 |  | 4289103 | 13104 | SH |  | SOLE |  | 0 | 0 | 13104 |
| APPLE INC | COM | 037833100 |  | 33819197 | 124399 | SH |  | SOLE |  | 0 | 0 | 124399 |
| ARISTA NETWORKS | COM | 040413205 |  | 428468 | 3270 | SH |  | SOLE |  | 0 | 0 | 3270 |
| ASTRAZENECA PLC ORD | COM | G0593M107 |  | 7785644 | 84691 | SH |  | SOLE |  | 0 | 0 | 84691 |
| BAE SYSTEMS PLC (ADR) | COM | 05523r107 |  | 1997570 | 21507 | SH |  | SOLE |  | 0 | 0 | 21507 |
| BANK NEW YORK MELLON | COM | 064058100 |  | 14046077 | 120993 | SH |  | SOLE |  | 0 | 0 | 120993 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 17620584 | 320374 | SH |  | SOLE |  | 0 | 0 | 320374 |
| BEIERSDORF AG ORD F | COM | d08792109 |  | 507339 | 4793 | SH |  | SOLE |  | 0 | 0 | 4793 |
| BERKSHIRE HATHAWAY B | COM | 084670702 |  | 1356150 | 2698 | SH |  | SOLE |  | 0 | 0 | 2698 |
| BLOOM ENERGY CORP | COM | 093712107 |  | 4524710 | 52074 | SH |  | SOLE |  | 0 | 0 | 52074 |
| BOEING CO | COM | 097023105 |  | 845682 | 3895 | SH |  | SOLE |  | 0 | 0 | 3895 |
| BRIDGEBIO PHARMA INC | COM | 10806x102 |  | 1698919 | 22211 | SH |  | SOLE |  | 0 | 0 | 22211 |
| BRIGHTSPRING HEALTH SERVICES | COM | 10950A106 |  | 2868857 | 76605 | SH |  | SOLE |  | 0 | 0 | 76605 |
| BROADCOM LIMITED | COM | 11135F101 |  | 13760183 | 39758 | SH |  | SOLE |  | 0 | 0 | 39758 |
| BROOKFIELD CORP | COM | 11271J107 |  | 2645283 | 57644 | SH |  | SOLE |  | 0 | 0 | 57644 |
| BWX TECHNOLOGIES CO | COM | 05605H100 |  | 4052090 | 23444 | SH |  | SOLE |  | 0 | 0 | 23444 |
| CAMECO CORP | COM | 13321L108 |  | 7146558 | 78113 | SH |  | SOLE |  | 0 | 0 | 78113 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 2450830 | 7784 | SH |  | SOLE |  | 0 | 0 | 7784 |
| CATERPILLAR INC | COM | 149123101 |  | 7248524 | 12653 | SH |  | SOLE |  | 0 | 0 | 12653 |
| CELESTICA INC | COM | 15101Q207 |  | 3003989 | 10162 | SH |  | SOLE |  | 0 | 0 | 10162 |
| CHEVRON CORPORATION | COM | 166764100 |  | 299690 | 1966 | SH |  | SOLE |  | 0 | 0 | 1966 |
| CHUBB LTD | COM | h1467j104 |  | 7847009 | 25141 | SH |  | SOLE |  | 0 | 0 | 25141 |
| CIPHER MINING INC | COM | 17253J106 |  | 168574 | 11421 | SH |  | SOLE |  | 0 | 0 | 11421 |
| CISCO SYSTEMS INC | COM | 17275r102 |  | 2246811 | 29168 | SH |  | SOLE |  | 0 | 0 | 29168 |
| CITIGROUP INC | COM | 172967424 |  | 16646188 | 142653 | SH |  | SOLE |  | 0 | 0 | 142653 |
| CME GROUP INC | COM | 12572q105 |  | 3811378 | 13957 | SH |  | SOLE |  | 0 | 0 | 13957 |
| COCA COLA COMPANY | COM | 191216100 |  | 716589 | 10250 | SH |  | SOLE |  | 0 | 0 | 10250 |
| COEUR MINING | COM | 192108504 |  | 2088214 | 117118 | SH |  | SOLE |  | 0 | 0 | 117118 |
| CONSTELLATION ENERGY | COM | 21037t109 |  | 6662316 | 18859 | SH |  | SOLE |  | 0 | 0 | 18859 |
| COREWEAVE | COM | 21873s108 |  | 329621 | 4603 | SH |  | SOLE |  | 0 | 0 | 4603 |
| COSMO PHARMACEUTICALS NV | COM | N22785104 |  | 1119993 | 8421 | SH |  | SOLE |  | 0 | 0 | 8421 |
| COSTCO WHOLESALE | COM | 22160k105 |  | 1420291 | 1647 | SH |  | SOLE |  | 0 | 0 | 1647 |
| CROWDSTRIKE HLDGS | COM | 22788c105 |  | 3087253 | 6586 | SH |  | SOLE |  | 0 | 0 | 6586 |
| CUMMINS INC | COM | 231021106 |  | 8248872 | 16160 | SH |  | SOLE |  | 0 | 0 | 16160 |
| CVS HEALTH CORP | COM | 126650100 |  | 4069184 | 51275 | SH |  | SOLE |  | 0 | 0 | 51275 |
| CYPRESS DEV CORP | COM | 232749200 |  | 2150 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| DATADOG INC | COM | 23804l103 |  | 1881830 | 13838 | SH |  | SOLE |  | 0 | 0 | 13838 |
| DELL TECHNOLOGIES INC | COM | 24703l202 |  | 2076642 | 16497 | SH |  | SOLE |  | 0 | 0 | 16497 |
| DELTA AIR LINES INC | COM | 247361702 |  | 7097746 | 102273 | SH |  | SOLE |  | 0 | 0 | 102273 |
| DOVER CORP | COM | 260003108 |  | 7743884 | 39663 | SH |  | SOLE |  | 0 | 0 | 39663 |
| EATON CORP PLC | COM | G29183103 |  | 9200321 | 28885 | SH |  | SOLE |  | 0 | 0 | 28885 |
| ELI LILLY  COMPANY | COM | 532457108 |  | 15852357 | 14751 | SH |  | SOLE |  | 0 | 0 | 14751 |
| EMBRAER SA ADR | COM | 29082A107 |  | 2131033 | 33106 | SH |  | SOLE |  | 0 | 0 | 33106 |
| ENOVIX CORP | COM | 293594107 |  | 1869481 | 255743 | SH |  | SOLE |  | 0 | 0 | 255743 |
| ENTER PRO PARTNERS LP | COM | 293792107 |  | 323485 | 10090 | SH |  | SOLE |  | 0 | 0 | 10090 |
| EQT CORP COM | COM | 26884l109 |  | 3071709 | 57308 | SH |  | SOLE |  | 0 | 0 | 57308 |
| EXXON MOBIL CORP | COM | 30231g102 |  | 1899326 | 15783 | SH |  | SOLE |  | 0 | 0 | 15783 |
| EZCORP INC A | COM | 302301106 |  | 1938990 | 99845 | SH |  | SOLE |  | 0 | 0 | 99845 |
| FABRINET | COM | G3323L100 |  | 2245441 | 4932 | SH |  | SOLE |  | 0 | 0 | 4932 |
| FEDEX CORPORATION | COM | 31428x106 |  | 3531313 | 12225 | SH |  | SOLE |  | 0 | 0 | 12225 |
| FIRST SOLAR INC | COM | 336433107 |  | 2501016 | 9574 | SH |  | SOLE |  | 0 | 0 | 9574 |
| FIRSTCASH HOLDINGS INC | COM | 33768g107 |  | 3395113 | 21302 | SH |  | SOLE |  | 0 | 0 | 21302 |
| FREEPORT MCMORAN INC | COM | 35671d857 |  | 3568963 | 70269 | SH |  | SOLE |  | 0 | 0 | 70269 |
| GE AEROSPACE | COM | 369604301 |  | 419537 | 1362 | SH |  | SOLE |  | 0 | 0 | 1362 |
| GE VERNOVA | COM | 36828a101 |  | 7408870 | 11336 | SH |  | SOLE |  | 0 | 0 | 11336 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 5089537 | 41466 | SH |  | SOLE |  | 0 | 0 | 41466 |
| GLOBAL TECHNOLOGIES | COM | 378949101 |  | 31 | 310000 | SH |  | SOLE |  | 0 | 0 | 310000 |
| GOLDMAN SACHS | COM | 38141g104 |  | 19519637 | 22207 | SH |  | SOLE |  | 0 | 0 | 22207 |
| GULFPORT ENERGY CORP | COM | 402635502 |  | 1757308 | 8449 | SH |  | SOLE |  | 0 | 0 | 8449 |
| HDFC BANK LTD | COM | 40415f101 |  | 1830142 | 50086 | SH |  | SOLE |  | 0 | 0 | 50086 |
| HERSHEY COMPANY | COM | 427866108 |  | 3900923 | 21436 | SH |  | SOLE |  | 0 | 0 | 21436 |
| HOME DEPOT | COM | 437076102 |  | 1831853 | 5324 | SH |  | SOLE |  | 0 | 0 | 5324 |
| HONEYWELL | COM | 438516106 |  | 7201747 | 36915 | SH |  | SOLE |  | 0 | 0 | 36915 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 4163881 | 20310 | SH |  | SOLE |  | 0 | 0 | 20310 |
| IBM CORP | COM | 459200101 |  | 6775597 | 22874 | SH |  | SOLE |  | 0 | 0 | 22874 |
| ICICI BANK LTD SPON ADR | COM | 45104G104 |  | 2810200 | 94302 | SH |  | SOLE |  | 0 | 0 | 94302 |
| INTEL CORP | COM | 458140100 |  | 282617 | 7659 | SH |  | SOLE |  | 0 | 0 | 7659 |
| INTUIT INC | COM | 461202103 |  | 3773144 | 5696 | SH |  | SOLE |  | 0 | 0 | 5696 |
| INTUITIVE SURGICAL | COM | 46120e602 |  | 4766486 | 8416 | SH |  | SOLE |  | 0 | 0 | 8416 |
| INVESCO MORTGAGE CAPITALINC CO | COM | 46131b100 |  | 147175 | 17500 | SH |  | SOLE |  | 0 | 0 | 17500 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11713784 | 56602 | SH |  | SOLE |  | 0 | 0 | 56602 |
| JOHNSON CONTROLS | COM | g51502105 |  | 7803269 | 65163 | SH |  | SOLE |  | 0 | 0 | 65163 |
| JPMORGAN CHASE  CO | COM | 46625h100 |  | 19472198 | 60431 | SH |  | SOLE |  | 0 | 0 | 60431 |
| KINDER MORGAN INC | COM | 49456B101 |  | 3861768 | 140479 | SH |  | SOLE |  | 0 | 0 | 140479 |
| KLA CORPORATION | COM | 482480100 |  | 4892471 | 4026 | SH |  | SOLE |  | 0 | 0 | 4026 |
| KRATOS DEFENSE  SECURITY | COM | 50077b207 |  | 2409080 | 31736 | SH |  | SOLE |  | 0 | 0 | 31736 |
| LABOR SMART INC | COM | 50541a108 |  | 14 | 28571 | SH |  | SOLE |  | 0 | 0 | 28571 |
| LAM RESEARCH CORP | COM | 512807306 |  | 9460434 | 55266 | SH |  | SOLE |  | 0 | 0 | 55266 |
| MCCORMICK  COMPANY | COM | 579780206 |  | 4003914 | 58786 | SH |  | SOLE |  | 0 | 0 | 58786 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2233814 | 1109 | SH |  | SOLE |  | 0 | 0 | 1109 |
| MERCK  CO INC | COM | 58933y105 |  | 12735429 | 120990 | SH |  | SOLE |  | 0 | 0 | 120990 |
| META PLATFORMS INC | COM | 30303m102 |  | 20096739 | 30445 | SH |  | SOLE |  | 0 | 0 | 30445 |
| METLIFE INC | COM | 59156r108 |  | 7025739 | 89001 | SH |  | SOLE |  | 0 | 0 | 89001 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 11061635 | 38757 | SH |  | SOLE |  | 0 | 0 | 38757 |
| MICROSOFT CORPORATION | COM | 594918104 |  | 20976502 | 43374 | SH |  | SOLE |  | 0 | 0 | 43374 |
| MORGAN STANLEY | COM | 617446448 |  | 5895949 | 33211 | SH |  | SOLE |  | 0 | 0 | 33211 |
| NEBIUS GROUP N.V. CLASS A | COM | n97284108 |  | 210434 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| NETFLIX INC | COM | 64110l106 |  | 4514544 | 48150 | SH |  | SOLE |  | 0 | 0 | 48150 |
| NEXTERA ENERGY INC | COM | 65339f101 |  | 2063999 | 25710 | SH |  | SOLE |  | 0 | 0 | 25710 |
| NRG ENERGY INC | COM | 629377508 |  | 4308531 | 27057 | SH |  | SOLE |  | 0 | 0 | 27057 |
| NU HOLDINGS LTD | COM | G6683N103 |  | 6418384 | 383416 | SH |  | SOLE |  | 0 | 0 | 383416 |
| NVIDIA CORP | COM | 67066g104 |  | 28040159 | 150349 | SH |  | SOLE |  | 0 | 0 | 150349 |
| OPENDOOR TECHNOLOGIES | COM | 683712103 |  | 84564 | 14505 | SH |  | SOLE |  | 0 | 0 | 14505 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 2039939 | 18466 | SH |  | SOLE |  | 0 | 0 | 18466 |
| PALANTIR TECHNOLOGIES INC | COM | 69608a108 |  | 718288 | 4041 | SH |  | SOLE |  | 0 | 0 | 4041 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 5976922 | 32448 | SH |  | SOLE |  | 0 | 0 | 32448 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 6733197 | 7660 | SH |  | SOLE |  | 0 | 0 | 7660 |
| PFIZER INCORPORATED | COM | 717081103 |  | 395380 | 15879 | SH |  | SOLE |  | 0 | 0 | 15879 |
| PROCTER  GAMBLE | COM | 742718109 |  | 7226980 | 50429 | SH |  | SOLE |  | 0 | 0 | 50429 |
| PROLOGIS INC | COM | 74340w103 |  | 4243660 | 33242 | SH |  | SOLE |  | 0 | 0 | 33242 |
| RALPH LAUREN CORP | COM | 751212101 |  | 3199463 | 9048 | SH |  | SOLE |  | 0 | 0 | 9048 |
| RBC BEARINGS INC | COM | 75524b104 |  | 273991 | 611 | SH |  | SOLE |  | 0 | 0 | 611 |
| REDDIT INC | COM | 75734b100 |  | 225732 | 982 | SH |  | SOLE |  | 0 | 0 | 982 |
| REGENERON PHARMA | COM | 75886f107 |  | 3591511 | 4653 | SH |  | SOLE |  | 0 | 0 | 4653 |
| RIO TINTO PLC (ADR) | COM | 767204100 |  | 7774194 | 97141 | SH |  | SOLE |  | 0 | 0 | 97141 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 9192745 | 23627 | SH |  | SOLE |  | 0 | 0 | 23627 |
| ROLLS ROYCE HOLDING PLC | COM | 775781206 |  | 4307013 | 273983 | SH |  | SOLE |  | 0 | 0 | 273983 |
| SAFRAN SA | COM | 786584102 |  | 3505329 | 40268 | SH |  | SOLE |  | 0 | 0 | 40268 |
| SALESFORCE.COM INC | COM | 79466l302 |  | 264910 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| SANDISK CORP | COM | 80004C200 |  | 6542430 | 27561 | SH |  | SOLE |  | 0 | 0 | 27561 |
| SEAGATE TECHNOLOGY | COM | g7997r103 |  | 8399670 | 30501 | SH |  | SOLE |  | 0 | 0 | 30501 |
| SERVICENOW INC | COM | 81762p102 |  | 1834450 | 11975 | SH |  | SOLE |  | 0 | 0 | 11975 |
| SIEMENS ENERGY AG ADR | COM | 82621A104 |  | 4453967 | 31780 | SH |  | SOLE |  | 0 | 0 | 31780 |
| SIMON PROPERTY GROUP | COM | 828806109 |  | 4057981 | 21922 | SH |  | SOLE |  | 0 | 0 | 21922 |
| SNOWFLAKE INC | COM | 833445109 |  | 1991131 | 9077 | SH |  | SOLE |  | 0 | 0 | 9077 |
| SPOTIFY | COM | l8681t102 |  | 949461 | 1635 | SH |  | SOLE |  | 0 | 0 | 1635 |
| STATE STREET CORP | COM | 857477103 |  | 15442368 | 119699 | SH |  | SOLE |  | 0 | 0 | 119699 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 3836856 | 22643 | SH |  | SOLE |  | 0 | 0 | 22643 |
| TAIWAN SEMICONDUCTOR | COM | 874039100 |  | 11401953 | 37520 | SH |  | SOLE |  | 0 | 0 | 37520 |
| TESLA MOTORS INC | COM | 88160r101 |  | 505036 | 1123 | SH |  | SOLE |  | 0 | 0 | 1123 |
| TJX COMPANIES INC | COM | 872540109 |  | 5686642 | 37020 | SH |  | SOLE |  | 0 | 0 | 37020 |
| TRANE TECHNOLOGIES PLC | COM | g8994e103 |  | 1527999 | 3926 | SH |  | SOLE |  | 0 | 0 | 3926 |
| TRUIST FINANCIAL | COM | 89832q109 |  | 3913819 | 79533 | SH |  | SOLE |  | 0 | 0 | 79533 |
| UNITED RENTALS INC | COM | 911363109 |  | 7113113 | 8789 | SH |  | SOLE |  | 0 | 0 | 8789 |
| US BANCORP | COM | 902973304 |  | 843088 | 15800 | SH |  | SOLE |  | 0 | 0 | 15800 |
| VENTAS INC | COM | 92276f100 |  | 4066396 | 52551 | SH |  | SOLE |  | 0 | 0 | 52551 |
| VERIZON COMMUNICATIONS | COM | 92343v104 |  | 659739 | 16198 | SH |  | SOLE |  | 0 | 0 | 16198 |
| VERTIV HOLDINGS LLC CL A | COM | 92537n108 |  | 2410127 | 14876 | SH |  | SOLE |  | 0 | 0 | 14876 |
| VISA INC | COM | 92826c839 |  | 4321655 | 12323 | SH |  | SOLE |  | 0 | 0 | 12323 |
| VISTRA CORP | COM | 92840m102 |  | 4772296 | 29581 | SH |  | SOLE |  | 0 | 0 | 29581 |
| WAL-MART STORES INC | COM | 931142103 |  | 8745785 | 78501 | SH |  | SOLE |  | 0 | 0 | 78501 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 9808020 | 56934 | SH |  | SOLE |  | 0 | 0 | 56934 |
| WILLIAMS COMPANIES INC | COM | 969457100 |  | 8191610 | 136277 | SH |  | SOLE |  | 0 | 0 | 136277 |
| ZILLOW GROUP | COM | 98954m101 |  | 1799634 | 26376 | SH |  | SOLE |  | 0 | 0 | 26376 |
| 1ST TR DEVELOPED MKT EX-US ETF | COM | 33737J174 |  | 2712865 | 34147 | SH |  | SOLE |  | 0 | 0 | 34147 |
| ABRDN PLATINUM ETF | COM | 003260106 |  | 5050948 | 27093 | SH |  | SOLE |  | 0 | 0 | 27093 |
| ALERIAN MLP ETF | COM | 00162q452 |  | 340190 | 7235 | SH |  | SOLE |  | 0 | 0 | 7235 |
| AVANTIS INTERNATIONAL EQUITY E | COM | 025072703 |  | 443952 | 5393 | SH |  | SOLE |  | 0 | 0 | 5393 |
| AVANTIS US EQUITY ETF | COM | 025072885 |  | 5116968 | 45777 | SH |  | SOLE |  | 0 | 0 | 45777 |
| COMMU SERV SELECT ETF | COM | 81369y852 |  | 316196 | 2686 | SH |  | SOLE |  | 0 | 0 | 2686 |
| DIMENSIONAL EMERGING CORE ETF | COM | 25434v302 |  | 1256223 | 38570 | SH |  | SOLE |  | 0 | 0 | 38570 |
| DIMENSIONAL US HIGH PROFIT ETF | COM | 25434v831 |  | 4333764 | 113956 | SH |  | SOLE |  | 0 | 0 | 113956 |
| DIMENSIONAL US SMALL CAP | COM | 25434v500 |  | 1117253 | 16036 | SH |  | SOLE |  | 0 | 0 | 16036 |
| DJ INDUSTRIAL ETF | COM | 78467x109 |  | 14716734 | 30623 | SH |  | SOLE |  | 0 | 0 | 30623 |
| FINANCIAL SELECT SPDR | COM | 81369y605 |  | 569115 | 10391 | SH |  | SOLE |  | 0 | 0 | 10391 |
| FIRST RISING DIVIDEND ACHIEVER | COM | 33738r506 |  | 1803472 | 25960 | SH |  | SOLE |  | 0 | 0 | 25960 |
| FIRST TRUST NASDAQ 100 TECH | COM | 337345102 |  | 405865 | 1763 | SH |  | SOLE |  | 0 | 0 | 1763 |
| FIRST TRUST TECH ALPHA ETF | COM | 33734x176 |  | 2594491 | 15418 | SH |  | SOLE |  | 0 | 0 | 15418 |
| FLEXSHARES DEF QUAL DIV ETF | COM | 33939l845 |  | 1981331 | 24473 | SH |  | SOLE |  | 0 | 0 | 24473 |
| FLEXSHARES MORNINGSTAR US IDX | COM | 33939l100 |  | 263358 | 1059 | SH |  | SOLE |  | 0 | 0 | 1059 |
| GLOBAL X ART INTEL  TECH | COM | 37954y632 |  | 1856524 | 36503 | SH |  | SOLE |  | 0 | 0 | 36503 |
| GLOBAL X COPPER MINERS ETF | COM | 37954Y830 |  | 4219242 | 58772 | SH |  | SOLE |  | 0 | 0 | 58772 |
| GLOBAL X DEFENSE TECH ETF | COM | 37960A529 |  | 359066 | 5542 | SH |  | SOLE |  | 0 | 0 | 5542 |
| GLOBAL X U.S. PREFERRED ETF | COM | 37954y657 |  | 955503 | 50529 | SH |  | SOLE |  | 0 | 0 | 50529 |
| GRAYSCALE BTC COV CALL ETF | COM | 38963H305 |  | 343269 | 15966 | SH |  | SOLE |  | 0 | 0 | 15966 |
| HEALTH CARE SELECT ETF | COM | 81369y209 |  | 691565 | 4467 | SH |  | SOLE |  | 0 | 0 | 4467 |
| INVESCO FTSE RAFI DEVELOPED | COM | 46138e735 |  | 1248064 | 29585 | SH |  | SOLE |  | 0 | 0 | 29585 |
| INVESCO QQQ TRUST ETF | COM | 46090E103 |  | 1267189 | 2063 | SH |  | SOLE |  | 0 | 0 | 2063 |
| ISH RUSSELL 2000 GRWTH | COM | 464287648 |  | 310090 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| ISHARES CORE DIVIDEND GROWTH | COM | 46434V621 |  | 226170 | 3258 | SH |  | SOLE |  | 0 | 0 | 3258 |
| ISHARES EDGE MSCI US QUALITY F | COM | 46432f339 |  | 1280635 | 6448 | SH |  | SOLE |  | 0 | 0 | 6448 |
| ISHARES GLOBAL TECH ETF | COM | 464287291 |  | 319194 | 3040 | SH |  | SOLE |  | 0 | 0 | 3040 |
| ISHARES MSCI INTERNATIONAL Q E | COM | 46434v456 |  | 998668 | 21973 | SH |  | SOLE |  | 0 | 0 | 21973 |
| ISHARES RUSSELL 2000 | COM | 464287655 |  | 1106054 | 4493 | SH |  | SOLE |  | 0 | 0 | 4493 |
| ISHARES RUSSELL TOP 200 | COM | 464289438 |  | 250604 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| ISHARES S 500 GROWTH | COM | 464287309 |  | 320353 | 2599 | SH |  | SOLE |  | 0 | 0 | 2599 |
| ISHARES S 500 VALUE ETF | COM | 464287408 |  | 314076 | 1481 | SH |  | SOLE |  | 0 | 0 | 1481 |
| ISHARES SEMICONDUCTOR ETF | COM | 464287523 |  | 534842 | 1776 | SH |  | SOLE |  | 0 | 0 | 1776 |
| ISHARES SILVER TRUST | COM | 46428q109 |  | 5214799 | 80950 | SH |  | SOLE |  | 0 | 0 | 80950 |
| ISHARES US AERO  DEF ETF | COM | 464288760 |  | 318385 | 1483 | SH |  | SOLE |  | 0 | 0 | 1483 |
| ISHARES US REAL ESTATE | COM | 464287739 |  | 316409 | 3370 | SH |  | SOLE |  | 0 | 0 | 3370 |
| JPM DIVERSIFIED RET EM EQUITY | COM | 46641q308 |  | 564795 | 9300 | SH |  | SOLE |  | 0 | 0 | 9300 |
| JPM PREMIUM EQUITY FUND | COM | 46641q332 |  | 954718 | 16679 | SH |  | SOLE |  | 0 | 0 | 16679 |
| JPMORGAN US QUALITY FACTOR ETF | COM | 46641q761 |  | 2874981 | 45505 | SH |  | SOLE |  | 0 | 0 | 45505 |
| JPMORGAN US VALUE FACTOR ETF | COM | 46641q753 |  | 982738 | 20023 | SH |  | SOLE |  | 0 | 0 | 20023 |
| NUVEEN ESG LARGE CAP GROWTH ET | COM | 67092p201 |  | 2728654 | 27900 | SH |  | SOLE |  | 0 | 0 | 27900 |
| PACER US CASH COWS 100 ETF | COM | 69374h881 |  | 367642 | 6110 | SH |  | SOLE |  | 0 | 0 | 6110 |
| PIMCO RAFI DYN MLT-FACT INTL | COM | 72202l371 |  | 369463 | 9615 | SH |  | SOLE |  | 0 | 0 | 9615 |
| PRS  MIDCAP DIV ARISTO | COM | 74347b680 |  | 705595 | 8378 | SH |  | SOLE |  | 0 | 0 | 8378 |
| SPDR CONSUMER DISCRETION | COM | 81369y407 |  | 458057 | 3836 | SH |  | SOLE |  | 0 | 0 | 3836 |
| SPDR GOLD SHARES ETF | COM | 78463v107 |  | 14168875 | 35752 | SH |  | SOLE |  | 0 | 0 | 35752 |
| SPDR INDUSTRIAL SELECT | COM | 81369y704 |  | 292867 | 1888 | SH |  | SOLE |  | 0 | 0 | 1888 |
| SPDR MSCI EAFE STRATEGIC FACTO | COM | 78463x434 |  | 2418782 | 26677 | SH |  | SOLE |  | 0 | 0 | 26677 |
| SPDR PORTFOLIO S 1500 COMP | COM | 78464a805 |  | 1222687 | 14820 | SH |  | SOLE |  | 0 | 0 | 14820 |
| SPDR S 500 ETF | COM | 78462f103 |  | 19203215 | 28161 | SH |  | SOLE |  | 0 | 0 | 28161 |
| SPDR S METALS  MINING | COM | 78464a755 |  | 326061 | 3147 | SH |  | SOLE |  | 0 | 0 | 3147 |
| SPDR S MIDCAP 400 ETF | COM | 78467y107 |  | 1281190 | 2124 | SH |  | SOLE |  | 0 | 0 | 2124 |
| TECHNOLOGY SPDR ETF | COM | 81369y803 |  | 634951 | 4410 | SH |  | SOLE |  | 0 | 0 | 4410 |
| VANECK BITCOIN TRUST | COM | 92189k105 |  | 214409 | 8670 | SH |  | SOLE |  | 0 | 0 | 8670 |
| VANECK MERK GOLD ETF | COM | 921078101 |  | 230214 | 5550 | SH |  | SOLE |  | 0 | 0 | 5550 |
| VANECK MORNINGSTAR WIDE MOAT | COM | 92189f643 |  | 2691075 | 25986 | SH |  | SOLE |  | 0 | 0 | 25986 |
| VANGUARD DEVELOPED ETF | COM | 921943858 |  | 2297947 | 36785 | SH |  | SOLE |  | 0 | 0 | 36785 |
| VANGUARD EMERGING MARKETS | COM | 922042858 |  | 1000498 | 18610 | SH |  | SOLE |  | 0 | 0 | 18610 |
| VANGUARD GROWTH ETF | COM | 922908736 |  | 317136 | 650 | SH |  | SOLE |  | 0 | 0 | 650 |
| VANGUARD S 500 | COM | 922908363 |  | 2731839 | 4356 | SH |  | SOLE |  | 0 | 0 | 4356 |
| VANGUARD TOTAL STOCK ETF | COM | 922908769 |  | 7822520 | 23332 | SH |  | SOLE |  | 0 | 0 | 23332 |
| VANGUARD VALUE ETF | COM | 922908744 |  | 266401 | 1395 | SH |  | SOLE |  | 0 | 0 | 1395 |
| WISDOMTREE FLOATING RATE | COM | 97717y527 |  | 251600 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| WISDOMTREE U.S. QUALITY DIVIDE | COM | 97717x669 |  | 430438 | 4813 | SH |  | SOLE |  | 0 | 0 | 4813 |
| WISDOMTREE US MIDCAP ETF | COM | 97717w570 |  | 1957525 | 29304 | SH |  | SOLE |  | 0 | 0 | 29304 |
| XTRACKERS RUSSELL US MULTI ETF | COM | 233051481 |  | 2192111 | 37594 | SH |  | SOLE |  | 0 | 0 | 37594 |
| DFA US CORE EQUITY 1 INST | COM | 233203413 |  | 347139 | 6999 | SH |  | SOLE |  | 0 | 0 | 6999 |
| FIDELITY CONTRAFUND | COM | 316071109 |  | 272905 | 11231 | SH |  | SOLE |  | 0 | 0 | 11231 |
| FIDELITY MUNICIPAL MONEYMARKET | COM | 316048107 |  | 193931 | 193931 | SH |  | SOLE |  | 0 | 0 | 193931 |
| GS GQG INTL OPPORTUNITIES | COM | 38147n293 |  | 1044619 | 46489 | SH |  | SOLE |  | 0 | 0 | 46489 |
| HRDG LVNR INTL EQUITY | COM | 412295107 |  | 616170 | 22687 | SH |  | SOLE |  | 0 | 0 | 22687 |
| MONEY MARKET POOL | COM | 808516603 |  | 18459 | 15137 | SH |  | SOLE |  | 0 | 0 | 15137 |
| VNGRD 500 INDEX ADM | COM | 922908710 |  | 1551724 | 2456 | SH |  | SOLE |  | 0 | 0 | 2456 |
| ENERGY TRANSFER EQUITY LP | COM | 29273v100 |  | 178323 | 10814 | SH |  | SOLE |  | 0 | 0 | 10814 |
| SUBURBAN PROPANE PARTNERS LP | COM | 864482104 |  | 308691 | 16650 | SH |  | SOLE |  | 0 | 0 | 16650 |

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