# EDGAR Filing Document

**Accession Number:** 0001803084
**File Stem:** 0001803084-25-000010
**Filing Date:** 2025-11
**Character Count:** 21469
**Document Hash:** 0052d961f7f4f4980cc30edd21d4cf45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001803084-25-000010.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001803084-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Adams Wealth Management
- **CENTRAL INDEX KEY:** 0001803084

**ORGANIZATION NAME:**
- **EIN:** 822288339
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19910
- **FILM NUMBER:** 251485260

**BUSINESS ADDRESS:**
- **STREET 1:** 701 SOUTH MAIN ST, SUITE 400
- **CITY:** LOGAN
- **STATE:** UT
- **ZIP:** 84321
- **BUSINESS PHONE:** 435-752-1702

**MAIL ADDRESS:**
- **STREET 1:** 701 SOUTH MAIN ST, SUITE 400
- **CITY:** LOGAN
- **STATE:** UT
- **ZIP:** 84321

### 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:** Adams Wealth Management<br>**Address:** 701 SOUTH MAIN ST SUITE 400<br>LOGAN, UT 84321

**Form 13F File Number:** 028-19910

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:** Bree Pate<br>**Title:** Compliance Consultant<br>**Phone:** 7203431282

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

Bree Pate  Broomfield, CO  11-14-2025<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:** 182

**Form 13F Information Table Value Total:** $466609018

      (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 |
| APPLIED THERAPEUTICS INC | COM | 03828A101 |  | 22023 | 38637 | SH |  | SOLE |  | 0 | 0 | 38637 |
| IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 |  | 41979 | 19227 | SH |  | SOLE |  | 0 | 0 | 19227 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 65310 | 12600 | SH |  | SOLE |  | 0 | 0 | 12600 |
| CLOVER HEALTH INVESTMENTS CO | COM CL A | 18914F103 |  | 75890 | 24882 | SH |  | SOLE |  | 0 | 0 | 24882 |
| EVGO INC | CL A COM | 30052F100 |  | 79786 | 17220 | SH |  | SOLE |  | 0 | 0 | 17220 |
| TIDAL TRUST II | YIELDMAX ULTRA O | 88636J527 |  | 92990 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| REDFIN CORP | COM | 75737F108 |  | 119643 | 10692 | SH |  | SOLE |  | 0 | 0 | 10692 |
| CNX RES CORP | COM | 12653C108 |  | 202870 | 6264 | SH |  | SOLE |  | 0 | 0 | 6264 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 203335 | 7448 | SH |  | SOLE |  | 0 | 0 | 7448 |
| VISA INC | COM CL A | 92826C839 |  | 203804 | 597 | SH |  | SOLE |  | 0 | 0 | 597 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 204166 | 4291 | SH |  | SOLE |  | 0 | 0 | 4291 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 209487 | 854 | SH |  | SOLE |  | 0 | 0 | 854 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 214358 | 1044 | SH |  | SOLE |  | 0 | 0 | 1044 |
| INTERDIGITAL INC | COM | 45867G101 |  | 215818 | 627 | SH |  | SOLE |  | 0 | 0 | 627 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 219804 | 11478 | SH |  | SOLE |  | 0 | 0 | 11478 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 220190 | 16371 | SH |  | SOLE |  | 0 | 0 | 16371 |
| ZSCALER INC | COM | 98980G102 |  | 221929 | 753 | SH |  | SOLE |  | 0 | 0 | 753 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 222170 | 1044 | SH |  | SOLE |  | 0 | 0 | 1044 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 225002 | 1362 | SH |  | SOLE |  | 0 | 0 | 1362 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 230524 | 1281 | SH |  | SOLE |  | 0 | 0 | 1281 |
| PURE STORAGE INC | CL A | 74624M102 |  | 231964 | 2820 | SH |  | SOLE |  | 0 | 0 | 2820 |
| GRANITE CONSTR INC | COM | 387328107 |  | 234969 | 2157 | SH |  | SOLE |  | 0 | 0 | 2157 |
| PFIZER INC | COM | 717081103 |  | 239754 | 9409 | SH |  | SOLE |  | 0 | 0 | 9409 |
| CHEVRON CORP NEW | COM | 166764100 |  | 243029 | 1565 | SH |  | SOLE |  | 0 | 0 | 1565 |
| MCDONALDS CORP | COM | 580135101 |  | 244273 | 804 | SH |  | SOLE |  | 0 | 0 | 804 |
| TPG INC | COM CL A | 872657101 |  | 244848 | 4329 | SH |  | SOLE |  | 0 | 0 | 4329 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 245324 | 3426 | SH |  | SOLE |  | 0 | 0 | 3426 |
| ELI LILLY  CO | COM | 532457108 |  | 255932 | 335 | SH |  | SOLE |  | 0 | 0 | 335 |
| TG THERAPEUTICS INC | COM | 88322Q108 |  | 257084 | 7107 | SH |  | SOLE |  | 0 | 0 | 7107 |
| ARGAN INC | COM | 04010E109 |  | 257362 | 966 | SH |  | SOLE |  | 0 | 0 | 966 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 259029 | 2169 | SH |  | SOLE |  | 0 | 0 | 2169 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 260088 | 1845 | SH |  | SOLE |  | 0 | 0 | 1845 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 260607 | 3945 | SH |  | SOLE |  | 0 | 0 | 3945 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 261571 | 2320 | SH |  | SOLE |  | 0 | 0 | 2320 |
| HP INC | COM | 40434L105 |  | 262089 | 9625 | SH |  | SOLE |  | 0 | 0 | 9625 |
| CARVANA CO | CL A | 146869102 |  | 267086 | 708 | SH |  | SOLE |  | 0 | 0 | 708 |
| BEST BUY INC | COM | 086516101 |  | 267997 | 3544 | SH |  | SOLE |  | 0 | 0 | 3544 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 269018 | 15806 | SH |  | SOLE |  | 0 | 0 | 15806 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 271752 | 7193 | SH |  | SOLE |  | 0 | 0 | 7193 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 274241 | 3141 | SH |  | SOLE |  | 0 | 0 | 3141 |
| TAPESTRY INC | COM | 876030107 |  | 281578 | 2487 | SH |  | SOLE |  | 0 | 0 | 2487 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 281598 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| ISHARES TR | U.S. UTILITS ETF | 464287697 |  | 282019 | 2543 | SH |  | SOLE |  | 0 | 0 | 2543 |
| TIDAL TRUST II | YIELDMAX TSLA OP | 88636J444 |  | 282183 | 29924 | SH |  | SOLE |  | 0 | 0 | 29924 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 282426 | 2805 | SH |  | SOLE |  | 0 | 0 | 2805 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 289321 | 2421 | SH |  | SOLE |  | 0 | 0 | 2421 |
| RUBRIK INC. | CL A | 781154109 |  | 290020 | 3573 | SH |  | SOLE |  | 0 | 0 | 3573 |
| INVESCO LTD | SHS | G491BT108 |  | 293655 | 12801 | SH |  | SOLE |  | 0 | 0 | 12801 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 294092 | 4422 | SH |  | SOLE |  | 0 | 0 | 4422 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 295995 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 301404 | 6507 | SH |  | SOLE |  | 0 | 0 | 6507 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 306601 | 3698 | SH |  | SOLE |  | 0 | 0 | 3698 |
| RAMBUS INC DEL | COM | 750917106 |  | 312695 | 3018 | SH |  | SOLE |  | 0 | 0 | 3018 |
| FRANKLIN TEMPLETON ETF TR | SENIOR LOAN ETF | 35473P595 |  | 318601 | 13264 | SH |  | SOLE |  | 0 | 0 | 13264 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 323109 | 3872 | SH |  | SOLE |  | 0 | 0 | 3872 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 323308 | 1001 | SH |  | SOLE |  | 0 | 0 | 1001 |
| VISTRA CORP | COM | 92840M102 |  | 325989 | 1671 | SH |  | SOLE |  | 0 | 0 | 1671 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 328914 | 1971 | SH |  | SOLE |  | 0 | 0 | 1971 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 329202 | 3185 | SH |  | SOLE |  | 0 | 0 | 3185 |
| ROKU INC | COM CL A | 77543R102 |  | 334845 | 3375 | SH |  | SOLE |  | 0 | 0 | 3375 |
| WALMART INC | COM | 931142103 |  | 336377 | 3263 | SH |  | SOLE |  | 0 | 0 | 3263 |
| GE VERNOVA INC | COM | 36828A101 |  | 339285 | 559 | SH |  | SOLE |  | 0 | 0 | 559 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 350897 | 7984 | SH |  | SOLE |  | 0 | 0 | 7984 |
| ALLSTATE CORP | COM | 020002101 |  | 354172 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 354508 | 2865 | SH |  | SOLE |  | 0 | 0 | 2865 |
| PACKAGING CORP AMER | COM | 695156109 |  | 363071 | 1666 | SH |  | SOLE |  | 0 | 0 | 1666 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 365070 | 2622 | SH |  | SOLE |  | 0 | 0 | 2622 |
| VERISIGN INC | COM | 92343E106 |  | 367917 | 1316 | SH |  | SOLE |  | 0 | 0 | 1316 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 382568 | 4433 | SH |  | SOLE |  | 0 | 0 | 4433 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 382710 | 31344 | SH |  | SOLE |  | 0 | 0 | 31344 |
| FASTENAL CO | COM | 311900104 |  | 389223 | 7942 | SH |  | SOLE |  | 0 | 0 | 7942 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 407461 | 1581 | SH |  | SOLE |  | 0 | 0 | 1581 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 411207 | 456 | SH |  | SOLE |  | 0 | 0 | 456 |
| CATERPILLAR INC | COM | 149123101 |  | 417983 | 876 | SH |  | SOLE |  | 0 | 0 | 876 |
| BROADCOM INC | COM | 11135F101 |  | 422460 | 1282 | SH |  | SOLE |  | 0 | 0 | 1282 |
| AT INC | COM | 00206R102 |  | 423504 | 14995 | SH |  | SOLE |  | 0 | 0 | 14995 |
| COCA COLA CO | COM | 191216100 |  | 427432 | 6445 | SH |  | SOLE |  | 0 | 0 | 6445 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 428977 | 5319 | SH |  | SOLE |  | 0 | 0 | 5319 |
| QUALCOMM INC | COM | 747525103 |  | 435388 | 2617 | SH |  | SOLE |  | 0 | 0 | 2617 |
| ENBRIDGE INC | COM | 29250N105 |  | 439204 | 8704 | SH |  | SOLE |  | 0 | 0 | 8704 |
| NETFLIX INC | COM | 64110L106 |  | 441877 | 370 | SH |  | SOLE |  | 0 | 0 | 370 |
| CISCO SYS INC | COM | 17275R102 |  | 445072 | 6505 | SH |  | SOLE |  | 0 | 0 | 6505 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 450191 | 17333 | SH |  | SOLE |  | 0 | 0 | 17333 |
| FORTINET INC | COM | 34959E113 |  | 450332 | 5356 | SH |  | SOLE |  | 0 | 0 | 5356 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 465771 | 8304 | SH |  | SOLE |  | 0 | 0 | 8304 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 469666 | 4793 | SH |  | SOLE |  | 0 | 0 | 4793 |
| ISHARES TR | MBS ETF | 464288588 |  | 470422 | 4944 | SH |  | SOLE |  | 0 | 0 | 4944 |
| HASBRO INC | COM | 418056107 |  | 470703 | 6213 | SH |  | SOLE |  | 0 | 0 | 6213 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 506653 | 11234 | SH |  | SOLE |  | 0 | 0 | 11234 |
| CME GROUP INC | COM | 12572Q105 |  | 509308 | 1885 | SH |  | SOLE |  | 0 | 0 | 1885 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 518428 | 8475 | SH |  | SOLE |  | 0 | 0 | 8475 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 527357 | 1869 | SH |  | SOLE |  | 0 | 0 | 1869 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 529855 | 2176 | SH |  | SOLE |  | 0 | 0 | 2176 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 533644 | 11672 | SH |  | SOLE |  | 0 | 0 | 11672 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 534125 | 3293 | SH |  | SOLE |  | 0 | 0 | 3293 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 560758 | 2988 | SH |  | SOLE |  | 0 | 0 | 2988 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 578378 | 13910 | SH |  | SOLE |  | 0 | 0 | 13910 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 585303 | 5273 | SH |  | SOLE |  | 0 | 0 | 5273 |
| EMERSON ELEC CO | COM | 291011104 |  | 591491 | 4509 | SH |  | SOLE |  | 0 | 0 | 4509 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 599822 | 21499 | SH |  | SOLE |  | 0 | 0 | 21499 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 609154 | 12041 | SH |  | SOLE |  | 0 | 0 | 12041 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 658556 | 5542 | SH |  | SOLE |  | 0 | 0 | 5542 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 675244 | 32262 | SH |  | SOLE |  | 0 | 0 | 32262 |
| ABBVIE INC | COM | 00287Y109 |  | 678875 | 2932 | SH |  | SOLE |  | 0 | 0 | 2932 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 688187 | 12723 | SH |  | SOLE |  | 0 | 0 | 12723 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 731662 | 9336 | SH |  | SOLE |  | 0 | 0 | 9336 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 737628 | 14569 | SH |  | SOLE |  | 0 | 0 | 14569 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 737687 | 8933 | SH |  | SOLE |  | 0 | 0 | 8933 |
| DIREXION SHS ETF TR | DAILY TSLA 2X SH | 25460G286 |  | 738850 | 35000 | SH |  | SOLE |  | 0 | 0 | 35000 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 766894 | 4204 | SH |  | SOLE |  | 0 | 0 | 4204 |
| OKLO INC | COM CL A | 02156V109 |  | 862504 | 7797 | SH |  | SOLE |  | 0 | 0 | 7797 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 868327 | 10695 | SH |  | SOLE |  | 0 | 0 | 10695 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 911623 | 6259 | SH |  | SOLE |  | 0 | 0 | 6259 |
| DBX ETF TR | XTRACK USD HIGH | 233051432 |  | 916431 | 24695 | SH |  | SOLE |  | 0 | 0 | 24695 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 1124006 | 5259 | SH |  | SOLE |  | 0 | 0 | 5259 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 1206886 | 5134 | SH |  | SOLE |  | 0 | 0 | 5134 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1271929 | 1733 | SH |  | SOLE |  | 0 | 0 | 1733 |
| FIRST TR EXCHANGE TRADED FD | NASDQ SEMCNDTR | 33738R811 |  | 1434391 | 12826 | SH |  | SOLE |  | 0 | 0 | 12826 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 1455316 | 24784 | SH |  | SOLE |  | 0 | 0 | 24784 |
| BONDBLOXX ETF TRUST | USD HIGH YIELD B | 09789C770 |  | 1561114 | 101635 | SH |  | SOLE |  | 0 | 0 | 101635 |
| ISHARES TR | US CONSM STAPLES | 464287812 |  | 1682120 | 24596 | SH |  | SOLE |  | 0 | 0 | 24596 |
| SPDR SERIES TRUST | PORT MTG BK ETF | 78464A383 |  | 1795043 | 79993 | SH |  | SOLE |  | 0 | 0 | 79993 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 2034920 | 39834 | SH |  | SOLE |  | 0 | 0 | 39834 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2232181 | 9039 | SH |  | SOLE |  | 0 | 0 | 9039 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2268308 | 88227 | SH |  | SOLE |  | 0 | 0 | 88227 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 2313156 | 49258 | SH |  | SOLE |  | 0 | 0 | 49258 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2365990 | 3883 | SH |  | SOLE |  | 0 | 0 | 3883 |
| SM ENERGY CO | COM | 78454L100 |  | 2374336 | 95079 | SH |  | SOLE |  | 0 | 0 | 95079 |
| SYSCO CORP | COM | 871829107 |  | 2438025 | 29609 | SH |  | SOLE |  | 0 | 0 | 29609 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2532299 | 26771 | SH |  | SOLE |  | 0 | 0 | 26771 |
| ATKORE INC | COM | 047649108 |  | 2541346 | 40506 | SH |  | SOLE |  | 0 | 0 | 40506 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2582238 | 73652 | SH |  | SOLE |  | 0 | 0 | 73652 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 2593944 | 103221 | SH |  | SOLE |  | 0 | 0 | 103221 |
| APPLE INC | COM | 037833100 |  | 2617487 | 10280 | SH |  | SOLE |  | 0 | 0 | 10280 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 2636513 | 10689 | SH |  | SOLE |  | 0 | 0 | 10689 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 2653924 | 93547 | SH |  | SOLE |  | 0 | 0 | 93547 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 2692979 | 19033 | SH |  | SOLE |  | 0 | 0 | 19033 |
| DATADOG INC | CL A COM | 23804L103 |  | 2693354 | 18914 | SH |  | SOLE |  | 0 | 0 | 18914 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 2727273 | 260236 | SH |  | SOLE |  | 0 | 0 | 260236 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 2734512 | 14437 | SH |  | SOLE |  | 0 | 0 | 14437 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2739387 | 16934 | SH |  | SOLE |  | 0 | 0 | 16934 |
| SPDR SERIES TRUST | DJ REIT ETF | 78464A607 |  | 2790670 | 27826 | SH |  | SOLE |  | 0 | 0 | 27826 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2834758 | 46494 | SH |  | SOLE |  | 0 | 0 | 46494 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2961207 | 15119 | SH |  | SOLE |  | 0 | 0 | 15119 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 2996972 | 34365 | SH |  | SOLE |  | 0 | 0 | 34365 |
| AMAZON COM INC | COM | 023135106 |  | 2999108 | 13659 | SH |  | SOLE |  | 0 | 0 | 13659 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 3097960 | 58342 | SH |  | SOLE |  | 0 | 0 | 58342 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 3142800 | 11253 | SH |  | SOLE |  | 0 | 0 | 11253 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 3196714 | 12314 | SH |  | SOLE |  | 0 | 0 | 12314 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 3247675 | 35397 | SH |  | SOLE |  | 0 | 0 | 35397 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3604293 | 14826 | SH |  | SOLE |  | 0 | 0 | 14826 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 3956325 | 28428 | SH |  | SOLE |  | 0 | 0 | 28428 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 4343788 | 14110 | SH |  | SOLE |  | 0 | 0 | 14110 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 |  | 4417170 | 88627 | SH |  | SOLE |  | 0 | 0 | 88627 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 4991707 | 49575 | SH |  | SOLE |  | 0 | 0 | 49575 |
| TESLA INC | COM | 88160R101 |  | 5025479 | 11310 | SH |  | SOLE |  | 0 | 0 | 11310 |
| PGIM ETF TR | ACTV HY BD ETF | 69344A206 |  | 5282813 | 147771 | SH |  | SOLE |  | 0 | 0 | 147771 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 5830160 | 138385 | SH |  | SOLE |  | 0 | 0 | 138385 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 5981713 | 22066 | SH |  | SOLE |  | 0 | 0 | 22066 |
| VANECK ETF TRUST | VANECK VIETNAM | 92189F817 |  | 6187340 | 346824 | SH |  | SOLE |  | 0 | 0 | 346824 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 6216321 | 95621 | SH |  | SOLE |  | 0 | 0 | 95621 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 6388471 | 89512 | SH |  | SOLE |  | 0 | 0 | 89512 |
| MICROSOFT CORP | COM | 594918104 |  | 6488909 | 12528 | SH |  | SOLE |  | 0 | 0 | 12528 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 6622473 | 144469 | SH |  | SOLE |  | 0 | 0 | 144469 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6781744 | 36350 | SH |  | SOLE |  | 0 | 0 | 36350 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 6845502 | 30812 | SH |  | SOLE |  | 0 | 0 | 30812 |
| BONDBLOXX ETF TRUST | CCC RT USD HI YL | 09789C887 |  | 7667364 | 195347 | SH |  | SOLE |  | 0 | 0 | 195347 |
| ISHARES INC | MSCI ITALY ETF | 46434G830 |  | 7949283 | 153018 | SH |  | SOLE |  | 0 | 0 | 153018 |
| KRANESHARES TRUST | QUADRTC INT RT | 500767736 |  | 8104355 | 420350 | SH |  | SOLE |  | 0 | 0 | 420350 |
| SPDR SERIES TRUST | S SEMICNDCTR | 78464A862 |  | 8151648 | 25544 | SH |  | SOLE |  | 0 | 0 | 25544 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 8184370 | 136338 | SH |  | SOLE |  | 0 | 0 | 136338 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 8239050 | 29231 | SH |  | SOLE |  | 0 | 0 | 29231 |
| SCHWAB STRATEGIC TR | MORTGAGE BACKED | 808524615 |  | 9064678 | 352574 | SH |  | SOLE |  | 0 | 0 | 352574 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 9100292 | 116164 | SH |  | SOLE |  | 0 | 0 | 116164 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9966484 | 16275 | SH |  | SOLE |  | 0 | 0 | 16275 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 12733003 | 245030 | SH |  | SOLE |  | 0 | 0 | 245030 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 12771785 | 159448 | SH |  | SOLE |  | 0 | 0 | 159448 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 13544639 | 135379 | SH |  | SOLE |  | 0 | 0 | 135379 |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 |  | 16002961 | 340706 | SH |  | SOLE |  | 0 | 0 | 340706 |
| ISHARES TR | CORE S ETF | 464287200 |  | 28044245 | 41901 | SH |  | SOLE |  | 0 | 0 | 41901 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 31447367 | 652841 | SH |  | SOLE |  | 0 | 0 | 652841 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 57005603 | 2164222 | SH |  | SOLE |  | 0 | 0 | 2164222 |

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