# EDGAR Filing Document

**Accession Number:** 0001990467
**File Stem:** 0001990467-26-000001
**Filing Date:** 2026-5
**Character Count:** 35468
**Document Hash:** 733682c6987c8bc7e5c51d2acc47dd23
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001990467-26-000001.hdr.sgml**: 20260518

**ACCESSION NUMBER**: 0001990467-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260518

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260518

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Talon Private Wealth, LLC
- **CENTRAL INDEX KEY:** 0001990467

**ORGANIZATION NAME:**
- **EIN:** 842777563
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25345
- **FILM NUMBER:** 26990081

**BUSINESS ADDRESS:**
- **STREET 1:** 11974 COUNTY ROAD 101
- **STREET 2:** SUITE 103
- **CITY:** THE VILLAGES
- **STATE:** FL
- **ZIP:** 32162
- **BUSINESS PHONE:** 352-751-3200

**MAIL ADDRESS:**
- **STREET 1:** 11974 COUNTY ROAD 101
- **STREET 2:** SUITE 103
- **CITY:** THE VILLAGES
- **STATE:** FL
- **ZIP:** 32162

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Talon Private Wealth LLC<br>**Address:** 11974 COUNTY ROAD 101<br>SUITE 103<br>THE VILLAGES, FL 32162

**Form 13F File Number:** 028-25345

**CRD Number (if applicable):** 000015916

**SEC File Number (if applicable):** 801-63630

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:** LEILA SHAVER<br>**Title:** CCO<br>**Phone:** 7704622118

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

LEILA SHAVER  ALPHARETTA, GA  05-15-2026<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:** 2

**Form 13F Information Table Entry Total:** 315

**Form 13F Information Table Value Total:** $752843443

      (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 | SIGNAL     |  |    000015916 | 801-63630         |
|     2 | BROOKSTONE |  |    000137658 |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABORATORIES | COM | 002824100 |  | 615831 | 5998 | SH |  | DFND | 2 | 0 | 0 | 5998 |
| AGNC INVT CORP | COM | 00123Q104 |  | 115345 | 11500 | SH |  | DFND | 2 | 0 | 0 | 11500 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 202447 | 704 | SH |  | DFND | 1 | 0 | 0 | 704 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2563195 | 8914 | SH |  | DFND | 2 | 0 | 0 | 8914 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 526910 | 1837 | SH |  | DFND | 2 | 0 | 0 | 1837 |
| AMAZON COM INC | COM | 023135106 |  | 202438 | 972 | SH |  | DFND | 1 | 0 | 0 | 972 |
| AMAZON COM INC | COM | 023135106 |  | 3071558 | 14748 | SH |  | DFND | 2 | 0 | 0 | 14748 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 922888 | 3051 | SH |  | DFND | 2 | 0 | 0 | 3051 |
| AMGEN INC | COM | 031162100 |  | 1085912 | 3086 | SH |  | DFND | 2 | 0 | 0 | 3086 |
| APPLE INC | COM | 037833100 |  | 744201 | 2932 | SH |  | DFND | 1 | 0 | 0 | 2932 |
| APPLE INC | COM | 037833100 |  | 4843720 | 19086 | SH |  | DFND | 2 | 0 | 0 | 19086 |
| APPLIED MATLS INC | COM | 038222105 |  | 582493 | 1704 | SH |  | DFND | 1 | 0 | 0 | 1704 |
| APPLIED MATLS INC | COM | 038222105 |  | 5027874 | 14710 | SH |  | DFND | 2 | 0 | 0 | 14710 |
| APPLIED MATLS INC | COM | 038222105 |  | 1240 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 548046 | 1377 | SH |  | DFND | 2 | 0 | 0 | 1377 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 457066 | 7487 | SH |  | DFND | 1 | 0 | 0 | 7487 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 2532682 | 41485 | SH |  | DFND | 2 | 0 | 0 | 41485 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1228 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| BANK AMERICA CORP | COM | 060505104 |  | 510556 | 10473 | SH |  | DFND | 1 | 0 | 0 | 10473 |
| BANK AMERICA CORP | COM | 060505104 |  | 1986867 | 40756 | SH |  | DFND | 2 | 0 | 0 | 40756 |
| BANK AMERICA CORP | COM | 060505104 |  | 1203 | 25 | SH |  | SOLE |  | 0 | 0 | 25 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 252059 | 526 | SH |  | DFND | 1 | 0 | 0 | 526 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 785169 | 1639 | SH |  | DFND | 2 | 0 | 0 | 1639 |
| BNY MELLON ETF TRUST | CORE BOND ETF | 09661T602 |  | 9189588 | 217763 | SH |  | DFND | 1 | 0 | 0 | 217763 |
| BNY MELLON ETF TRUST | CORE BOND ETF | 09661T602 |  | 41390200 | 980810 | SH |  | DFND | 2 | 0 | 0 | 980810 |
| BNY MELLON ETF TRUST | CORE BOND ETF | 09661T602 |  | 96758 | 2292 | SH |  | SOLE |  | 0 | 0 | 2292 |
| BROADCOM INC | COM | 11135F101 |  | 593841 | 1919 | SH |  | DFND | 1 | 0 | 0 | 1919 |
| BROADCOM INC | COM | 11135F101 |  | 3843301 | 12417 | SH |  | DFND | 2 | 0 | 0 | 12417 |
| BROADCOM INC | COM | 11135F101 |  | 1384 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| BROWN  BROWN INC | COM | 115236101 |  | 439189 | 6735 | SH |  | DFND | 2 | 0 | 0 | 6735 |
| CATERPILLAR INC | COM | 149123101 |  | 1624879 | 2294 | SH |  | DFND | 2 | 0 | 0 | 2294 |
| CENTENE CORP DEL | COM | 15135B101 |  | 599338 | 18306 | SH |  | DFND | 2 | 0 | 0 | 18306 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 594102 | 2752 | SH |  | DFND | 2 | 0 | 0 | 2752 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 394342 | 1390 | SH |  | DFND | 1 | 0 | 0 | 1390 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2046257 | 7211 | SH |  | DFND | 2 | 0 | 0 | 7211 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1119 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| CHEVRON CORPORATION | COM | 166764100 |  | 313040 | 1513 | SH |  | DFND | 2 | 0 | 0 | 1513 |
| CHEWY INC | CL A | 16679L109 |  | 631935 | 23405 | SH |  | DFND | 2 | 0 | 0 | 23405 |
| CITIGROUP INC | COM NEW | 172967424 |  | 509651 | 4494 | SH |  | DFND | 1 | 0 | 0 | 4494 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2885019 | 25439 | SH |  | DFND | 2 | 0 | 0 | 25439 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1243 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1058919 | 12424 | SH |  | DFND | 2 | 0 | 0 | 12424 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 372701 | 374 | SH |  | DFND | 1 | 0 | 0 | 374 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 470906 | 473 | SH |  | DFND | 2 | 0 | 0 | 473 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 2472 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| D R HORTON INC | COM | 23331A109 |  | 616804 | 4495 | SH |  | DFND | 2 | 0 | 0 | 4495 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 623160 | 6226 | SH |  | DFND | 2 | 0 | 0 | 6226 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 324379 | 1640 | SH |  | DFND | 1 | 0 | 0 | 1640 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1668504 | 8436 | SH |  | DFND | 2 | 0 | 0 | 8436 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1351 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| DISNEY WALT CO | COM | 254687106 |  | 1009308 | 10472 | SH |  | DFND | 2 | 0 | 0 | 10472 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 530786 | 51533 | SH |  | DFND | 2 | 0 | 0 | 51533 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 431317 | 584 | SH |  | DFND | 1 | 0 | 0 | 584 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 2878002 | 3898 | SH |  | DFND | 2 | 0 | 0 | 3898 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1242 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1012388 | 52455 | SH |  | DFND | 2 | 0 | 0 | 52455 |
| ETF SER SOLUTIONS | APTUS COLLRD INV | 26922A222 |  | 2008140 | 47858 | SH |  | DFND | 1 | 0 | 0 | 47858 |
| ETF SER SOLUTIONS | APTUS COLLRD INV | 26922A222 |  | 4610 | 110 | SH |  | SOLE |  | 0 | 0 | 110 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 7616318 | 278680 | SH |  | DFND | 1 | 0 | 0 | 278680 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 29489086 | 1079001 | SH |  | DFND | 2 | 0 | 0 | 1079001 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 84915 | 3107 | SH |  | SOLE |  | 0 | 0 | 3107 |
| ETF SER SOLUTIONS | APTUS ENHANCED | 26922B642 |  | 3381133 | 152647 | SH |  | DFND | 1 | 0 | 0 | 152647 |
| ETF SER SOLUTIONS | APTUS ENHANCED | 26922B642 |  | 14493368 | 654328 | SH |  | DFND | 2 | 0 | 0 | 654328 |
| ETF SER SOLUTIONS | APTUS ENHANCED | 26922B642 |  | 35842 | 1618 | SH |  | SOLE |  | 0 | 0 | 1618 |
| ETF SER SOLUTIONS | APTUS INT ENH YL | 26922B709 |  | 771716 | 31282 | SH |  | DFND | 1 | 0 | 0 | 31282 |
| ETF SER SOLUTIONS | APTUS INT ENH YL | 26922B709 |  | 1966 | 79 | SH |  | SOLE |  | 0 | 0 | 79 |
| ETF SER SOLUTIONS | OPUS SML CP VL | 26922A446 |  | 1059948 | 26875 | SH |  | DFND | 1 | 0 | 0 | 26875 |
| ETF SER SOLUTIONS | OPUS SML CP VL | 26922A446 |  | 3232 | 83 | SH |  | SOLE |  | 0 | 0 | 83 |
| EXELIXIS INC | COM | 30161Q104 |  | 638889 | 14896 | SH |  | DFND | 2 | 0 | 0 | 14896 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 745306 | 4393 | SH |  | DFND | 1 | 0 | 0 | 4393 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2265428 | 13353 | SH |  | DFND | 2 | 0 | 0 | 13353 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1404 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 |  | 246750 | 4715 | SH |  | DFND | 2 | 0 | 0 | 4715 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 316816 | 1523 | SH |  | DFND | 2 | 0 | 0 | 1523 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 220877 | 8208 | SH |  | DFND | 2 | 0 | 0 | 8208 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 203614 | 4463 | SH |  | DFND | 2 | 0 | 0 | 4463 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 213187 | 4280 | SH |  | DFND | 2 | 0 | 0 | 4280 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F714 |  | 211392 | 4494 | SH |  | DFND | 1 | 0 | 0 | 4494 |
| FLEXTRONICS INTL LTD | ORD | Y2573F102 |  | 639413 | 9768 | SH |  | DFND | 2 | 0 | 0 | 9768 |
| FOX CORP | CL A COM | 35137L105 |  | 415167 | 7109 | SH |  | DFND | 1 | 0 | 0 | 7109 |
| FOX CORP | CL A COM | 35137L105 |  | 2247771 | 38489 | SH |  | DFND | 2 | 0 | 0 | 38489 |
| FOX CORP | CL A COM | 35137L105 |  | 1258 | 21 | SH |  | SOLE |  | 0 | 0 | 21 |
| GAP INC | COM | 364760108 |  | 590262 | 24391 | SH |  | DFND | 2 | 0 | 0 | 24391 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 321166 | 936 | SH |  | DFND | 1 | 0 | 0 | 936 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2263774 | 6596 | SH |  | DFND | 2 | 0 | 0 | 6596 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1180 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 406927 | 481 | SH |  | DFND | 1 | 0 | 0 | 481 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2583513 | 3054 | SH |  | DFND | 2 | 0 | 0 | 3054 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1232 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| INNOVATOR ETFS TRUST | EMRGNG MKT JAN | 45782C516 |  | 1716620 | 50593 | SH |  | DFND | 1 | 0 | 0 | 50593 |
| INNOVATOR ETFS TRUST | EMRGNG MKT JULY | 45782C714 |  | 1726430 | 57767 | SH |  | DFND | 1 | 0 | 0 | 57767 |
| INNOVATOR ETFS TRUST | EQUITY AUTOCALLA | 45784N593 |  | 3751898 | 162139 | SH |  | DFND | 1 | 0 | 0 | 162139 |
| INNOVATOR ETFS TRUST | EQUITY AUTOCALLA | 45784N593 |  | 674 | 29 | SH |  | SOLE |  | 0 | 0 | 29 |
| INNOVATOR ETFS TRUST | INDEX AUTOCALLAB | 45784N585 |  | 15723956 | 626952 | SH |  | DFND | 2 | 0 | 0 | 626952 |
| INNOVATOR ETFS TRUST | INTERNATIONAL DV | 45782C631 |  | 1883026 | 53724 | SH |  | DFND | 1 | 0 | 0 | 53724 |
| INNOVATOR ETFS TRUST | INTRNL DEV APRL | 45782C367 |  | 1936494 | 61146 | SH |  | DFND | 1 | 0 | 0 | 61146 |
| INNOVATOR ETFS TRUST | INTRNL DEV JAN | 45782C524 |  | 1883259 | 51909 | SH |  | DFND | 1 | 0 | 0 | 51909 |
| INNOVATOR ETFS TRUST | INTRNL DEV JULY | 45782C722 |  | 1894157 | 56123 | SH |  | DFND | 1 | 0 | 0 | 56123 |
| INNOVATOR ETFS TRUST | US EQT PWR BUF | 45782C870 |  | 5209382 | 130889 | SH |  | DFND | 1 | 0 | 0 | 130889 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C300 |  | 35921460 | 845012 | SH |  | DFND | 2 | 0 | 0 | 845012 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C672 |  | 49210 | 1251 | SH |  | SOLE |  | 0 | 0 | 1251 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C839 |  | 49315 | 1288 | SH |  | SOLE |  | 0 | 0 | 1288 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BFR | 45782C425 |  | 35760582 | 985140 | SH |  | DFND | 2 | 0 | 0 | 985140 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C417 |  | 1167832 | 29123 | SH |  | DFND | 2 | 0 | 0 | 29123 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 5048190 | 109434 | SH |  | DFND | 1 | 0 | 0 | 109434 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 1170318 | 25370 | SH |  | DFND | 2 | 0 | 0 | 25370 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C540 |  | 1171300 | 27560 | SH |  | DFND | 2 | 0 | 0 | 27560 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 1173908 | 28730 | SH |  | DFND | 2 | 0 | 0 | 28730 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 5036972 | 116840 | SH |  | DFND | 1 | 0 | 0 | 116840 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 1179274 | 27355 | SH |  | DFND | 2 | 0 | 0 | 27355 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 5086948 | 110664 | SH |  | DFND | 1 | 0 | 0 | 110664 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA B | 45782C532 |  | 35987785 | 926565 | SH |  | DFND | 2 | 0 | 0 | 926565 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA B | 45782C649 |  | 49153 | 1271 | SH |  | SOLE |  | 0 | 0 | 1271 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA B | 45782C821 |  | 36019212 | 941925 | SH |  | DFND | 2 | 0 | 0 | 941925 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA B | 45782C821 |  | 48859 | 1278 | SH |  | SOLE |  | 0 | 0 | 1278 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA BU | 45782C565 |  | 35983560 | 965491 | SH |  | DFND | 2 | 0 | 0 | 965491 |
| INNOVATOR ETFS TRUST | US EQTY ULTRA BU | 45782C565 |  | 48953 | 1313 | SH |  | SOLE |  | 0 | 0 | 1313 |
| INSULET CORP | COM | 45784P101 |  | 560063 | 2669 | SH |  | DFND | 2 | 0 | 0 | 2669 |
| INVESCO ACTIVELY MANAGED EXC | QQQ INCOME ADVAN | 46090A689 |  | 4172201 | 83649 | SH |  | DFND | 2 | 0 | 0 | 83649 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 432085 | 8710 | SH |  | DFND | 2 | 0 | 0 | 8710 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1629648 | 8491 | SH |  | DFND | 1 | 0 | 0 | 8491 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 231635 | 1207 | SH |  | DFND | 2 | 0 | 0 | 1207 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 3937 | 21 | SH |  | SOLE |  | 0 | 0 | 21 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 812624 | 1408 | SH |  | DFND | 1 | 0 | 0 | 1408 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 370191 | 4199 | SH |  | DFND | 2 | 0 | 0 | 4199 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 572796 | 8212 | SH |  | DFND | 2 | 0 | 0 | 8212 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 207009 | 3038 | SH |  | DFND | 2 | 0 | 0 | 3038 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 4221297 | 41936 | SH |  | DFND | 1 | 0 | 0 | 41936 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 18379136 | 182586 | SH |  | DFND | 2 | 0 | 0 | 182586 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 44382 | 441 | SH |  | SOLE |  | 0 | 0 | 441 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 2089670 | 20204 | SH |  | DFND | 1 | 0 | 0 | 20204 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 9316481 | 90075 | SH |  | DFND | 2 | 0 | 0 | 90075 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 22164 | 215 | SH |  | SOLE |  | 0 | 0 | 215 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 308613 | 7294 | SH |  | DFND | 2 | 0 | 0 | 7294 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 133 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 6614982 | 94257 | SH |  | DFND | 2 | 0 | 0 | 94257 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 853011 | 9422 | SH |  | DFND | 2 | 0 | 0 | 9422 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 279105 | 3221 | SH |  | DFND | 2 | 0 | 0 | 3221 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 874468 | 12949 | SH |  | DFND | 2 | 0 | 0 | 12949 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 849343 | 6832 | SH |  | DFND | 2 | 0 | 0 | 6832 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2485014 | 3804 | SH |  | DFND | 2 | 0 | 0 | 3804 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3812 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 604245 | 6087 | SH |  | DFND | 2 | 0 | 0 | 6087 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 3047 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| ISHARES TR | MBS ETF | 464288588 |  | 4526472 | 47672 | SH |  | DFND | 1 | 0 | 0 | 47672 |
| ISHARES TR | MBS ETF | 464288588 |  | 19874685 | 209317 | SH |  | DFND | 2 | 0 | 0 | 209317 |
| ISHARES TR | MBS ETF | 464288588 |  | 48788 | 512 | SH |  | SOLE |  | 0 | 0 | 512 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 478937 | 15796 | SH |  | DFND | 1 | 0 | 0 | 15796 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1289819 | 42540 | SH |  | DFND | 2 | 0 | 0 | 42540 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 426048 | 1718 | SH |  | DFND | 2 | 0 | 0 | 1718 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 282662 | 2499 | SH |  | DFND | 2 | 0 | 0 | 2499 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 282388 | 5577 | SH |  | DFND | 2 | 0 | 0 | 5577 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 633917 | 12523 | SH |  | DFND | 2 | 0 | 0 | 12523 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 301368 | 5317 | SH |  | DFND | 2 | 0 | 0 | 5317 |
| JABIL INC | COM | 466313103 |  | 554901 | 2089 | SH |  | DFND | 2 | 0 | 0 | 2089 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 676832 | 14523 | SH |  | DFND | 1 | 0 | 0 | 14523 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 216194 | 4639 | SH |  | DFND | 2 | 0 | 0 | 4639 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 1731751 | 33594 | SH |  | DFND | 1 | 0 | 0 | 33594 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 5033849 | 97650 | SH |  | DFND | 2 | 0 | 0 | 97650 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 598 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 6734784 | 133706 | SH |  | DFND | 1 | 0 | 0 | 133706 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 22032741 | 437418 | SH |  | DFND | 2 | 0 | 0 | 437418 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 44119 | 876 | SH |  | SOLE |  | 0 | 0 | 876 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1365412 | 5586 | SH |  | DFND | 2 | 0 | 0 | 5586 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 468574 | 1593 | SH |  | DFND | 1 | 0 | 0 | 1593 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2284751 | 7767 | SH |  | DFND | 2 | 0 | 0 | 7767 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1267 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 422312 | 1224 | SH |  | DFND | 1 | 0 | 0 | 1224 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2641167 | 7652 | SH |  | DFND | 2 | 0 | 0 | 7652 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1218 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 962780 | 17869 | SH |  | DFND | 2 | 0 | 0 | 17869 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 240376 | 1546 | SH |  | DFND | 1 | 0 | 0 | 1546 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1585818 | 10197 | SH |  | DFND | 2 | 0 | 0 | 10197 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1155 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| LITHIA MTRS INC | COM | 536797103 |  | 571859 | 2290 | SH |  | DFND | 2 | 0 | 0 | 2290 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 385244 | 637 | SH |  | DFND | 1 | 0 | 0 | 637 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3356872 | 5554 | SH |  | DFND | 2 | 0 | 0 | 5554 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1164 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| MCDONALDS CORP | COM | 580135101 |  | 998946 | 3214 | SH |  | DFND | 2 | 0 | 0 | 3214 |
| MERIT MED SYS INC | COM | 589889104 |  | 592591 | 8597 | SH |  | DFND | 2 | 0 | 0 | 8597 |
| META PLATFORMS INC | CL A | 30303M102 |  | 968441 | 1693 | SH |  | DFND | 2 | 0 | 0 | 1693 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1042072 | 3085 | SH |  | DFND | 1 | 0 | 0 | 3085 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6128323 | 18140 | SH |  | DFND | 2 | 0 | 0 | 18140 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1252 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| MICROSOFT CORP | COM | 594918104 |  | 463539 | 1252 | SH |  | DFND | 1 | 0 | 0 | 1252 |
| MICROSOFT CORP | COM | 594918104 |  | 2191096 | 5919 | SH |  | DFND | 2 | 0 | 0 | 5919 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 639616 | 585 | SH |  | DFND | 2 | 0 | 0 | 585 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 392586 | 2386 | SH |  | DFND | 1 | 0 | 0 | 2386 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2252681 | 13688 | SH |  | DFND | 2 | 0 | 0 | 13688 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1152 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 630903 | 4789 | SH |  | DFND | 2 | 0 | 0 | 4789 |
| NIKE INC | CL B | 654106103 |  | 701429 | 13280 | SH |  | DFND | 2 | 0 | 0 | 13280 |
| NIOCORP DEVS LTD | COM NEW | 654484609 |  | 52963 | 11875 | SH |  | DFND | 2 | 0 | 0 | 11875 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 380623 | 558 | SH |  | DFND | 1 | 0 | 0 | 558 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2444343 | 3583 | SH |  | DFND | 2 | 0 | 0 | 3583 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1141 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1005799 | 5767 | SH |  | DFND | 1 | 0 | 0 | 5767 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5247354 | 30088 | SH |  | DFND | 2 | 0 | 0 | 30088 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1125 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| ONEOK INC NEW | COM | 682680103 |  | 272501 | 3015 | SH |  | DFND | 1 | 0 | 0 | 3015 |
| ONEOK INC NEW | COM | 682680103 |  | 1505524 | 16656 | SH |  | DFND | 2 | 0 | 0 | 16656 |
| ONEOK INC NEW | COM | 682680103 |  | 949 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 590221 | 21925 | SH |  | DFND | 2 | 0 | 0 | 21925 |
| ORACLE CORP | COM | 68389X105 |  | 625822 | 4254 | SH |  | DFND | 2 | 0 | 0 | 4254 |
| PACKAGING CORP AMER | COM | 695156109 |  | 267925 | 1262 | SH |  | DFND | 1 | 0 | 0 | 1262 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1706371 | 8041 | SH |  | DFND | 2 | 0 | 0 | 8041 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1231 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1435666 | 8955 | SH |  | DFND | 2 | 0 | 0 | 8955 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 424258 | 19900 | SH |  | DFND | 1 | 0 | 0 | 19900 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 2148081 | 100754 | SH |  | DFND | 2 | 0 | 0 | 100754 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 924 | 43 | SH |  | SOLE |  | 0 | 0 | 43 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 240511 | 1665 | SH |  | DFND | 2 | 0 | 0 | 1665 |
| PROSHARES TR II | ULSHT BLOOMB OIL | 74347Y797 |  | 8514854 | 1023420 | SH |  | DFND | 2 | 0 | 0 | 1023420 |
| PROSHARES TR II | ULSHT BLOOMB OIL | 74347Y797 |  | 2524 | 303 | SH |  | SOLE |  | 0 | 0 | 303 |
| PULTE GROUP INC | COM | 745867101 |  | 606403 | 5156 | SH |  | DFND | 2 | 0 | 0 | 5156 |
| QUALCOMM INC | COM | 747525103 |  | 227165 | 1764 | SH |  | DFND | 1 | 0 | 0 | 1764 |
| QUALCOMM INC | COM | 747525103 |  | 1404379 | 10905 | SH |  | DFND | 2 | 0 | 0 | 10905 |
| QUALCOMM INC | COM | 747525103 |  | 1213 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| SALESFORCE INC | COM | 79466L302 |  | 795224 | 4260 | SH |  | DFND | 2 | 0 | 0 | 4260 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1083 | 35 | SH |  | SOLE |  | 0 | 0 | 35 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 201 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 785653 | 7087 | SH |  | DFND | 1 | 0 | 0 | 7087 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 4616014 | 41638 | SH |  | DFND | 2 | 0 | 0 | 41638 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 909563 | 11095 | SH |  | DFND | 1 | 0 | 0 | 11095 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 217544 | 2654 | SH |  | DFND | 2 | 0 | 0 | 2654 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 3790106 | 34778 | SH |  | DFND | 2 | 0 | 0 | 34778 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 210136 | 3430 | SH |  | DFND | 2 | 0 | 0 | 3430 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 875786 | 5974 | SH |  | DFND | 1 | 0 | 0 | 5974 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 4955445 | 33800 | SH |  | DFND | 2 | 0 | 0 | 33800 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 859293 | 17196 | SH |  | DFND | 1 | 0 | 0 | 17196 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 776509 | 15539 | SH |  | DFND | 2 | 0 | 0 | 15539 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 4626145 | 113303 | SH |  | DFND | 2 | 0 | 0 | 113303 |
| SERVICENOW INC | COM | 81762P102 |  | 828768 | 7927 | SH |  | DFND | 2 | 0 | 0 | 7927 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 260325 | 605 | SH |  | DFND | 1 | 0 | 0 | 605 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 421945 | 981 | SH |  | DFND | 2 | 0 | 0 | 981 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 494208 | 5400 | SH |  | DFND | 1 | 0 | 0 | 5400 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 1694241 | 18512 | SH |  | DFND | 2 | 0 | 0 | 18512 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 7718523 | 100843 | SH |  | DFND | 1 | 0 | 0 | 100843 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 451263 | 5896 | SH |  | DFND | 2 | 0 | 0 | 5896 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 16654 | 218 | SH |  | SOLE |  | 0 | 0 | 218 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R622 |  | 477412 | 4988 | SH |  | DFND | 1 | 0 | 0 | 4988 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R622 |  | 2685183 | 28052 | SH |  | DFND | 2 | 0 | 0 | 28052 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 201024 | 434 | SH |  | DFND | 2 | 0 | 0 | 434 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 663051 | 1020 | SH |  | DFND | 2 | 0 | 0 | 1020 |
| T-MOBILE US INC | COM | 872590104 |  | 250998 | 1195 | SH |  | DFND | 1 | 0 | 0 | 1195 |
| T-MOBILE US INC | COM | 872590104 |  | 1563706 | 7445 | SH |  | DFND | 2 | 0 | 0 | 7445 |
| T-MOBILE US INC | COM | 872590104 |  | 1228 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 419125 | 2221 | SH |  | DFND | 1 | 0 | 0 | 2221 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 2798003 | 14827 | SH |  | DFND | 2 | 0 | 0 | 14827 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 1050 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| TESLA INC | COM | 88160R101 |  | 1158373 | 3116 | SH |  | DFND | 2 | 0 | 0 | 3116 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 376949 | 16613 | SH |  | DFND | 2 | 0 | 0 | 16613 |
| TRANSUNION | COM | 89400J107 |  | 737578 | 10660 | SH |  | DFND | 2 | 0 | 0 | 10660 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 773032 | 10747 | SH |  | DFND | 2 | 0 | 0 | 10747 |
| UNION PAC CORP | COM | 907818108 |  | 412939 | 1702 | SH |  | DFND | 2 | 0 | 0 | 1702 |
| UNITED RENTALS INC | COM | 911363109 |  | 213788 | 293 | SH |  | DFND | 1 | 0 | 0 | 293 |
| UNITED RENTALS INC | COM | 911363109 |  | 1557827 | 2138 | SH |  | DFND | 2 | 0 | 0 | 2138 |
| UNITED RENTALS INC | COM | 911363109 |  | 1075 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 556215 | 938 | SH |  | DFND | 1 | 0 | 0 | 938 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 2480435 | 4183 | SH |  | DFND | 2 | 0 | 0 | 4183 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 1215 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 511265 | 6624 | SH |  | DFND | 1 | 0 | 0 | 6624 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 908477 | 11771 | SH |  | DFND | 2 | 0 | 0 | 11771 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 562350 | 7636 | SH |  | DFND | 1 | 0 | 0 | 7636 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1076071 | 14613 | SH |  | DFND | 2 | 0 | 0 | 14613 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 415350 | 8644 | SH |  | DFND | 2 | 0 | 0 | 8644 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 1325 | 28 | SH |  | SOLE |  | 0 | 0 | 28 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 744908 | 1705 | SH |  | DFND | 1 | 0 | 0 | 1705 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 6274228 | 14364 | SH |  | DFND | 2 | 0 | 0 | 14364 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 283889 | 1103 | SH |  | DFND | 1 | 0 | 0 | 1103 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 4577342 | 17786 | SH |  | DFND | 2 | 0 | 0 | 17786 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 595672 | 3232 | SH |  | DFND | 1 | 0 | 0 | 3232 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1833698 | 9951 | SH |  | DFND | 2 | 0 | 0 | 9951 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 276791 | 3121 | SH |  | DFND | 1 | 0 | 0 | 3121 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1791172 | 20194 | SH |  | DFND | 2 | 0 | 0 | 20194 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1396084 | 2336 | SH |  | DFND | 2 | 0 | 0 | 2336 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 11347 | 19 | SH |  | SOLE |  | 0 | 0 | 19 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 658861 | 3033 | SH |  | DFND | 1 | 0 | 0 | 3033 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 3705156 | 17055 | SH |  | DFND | 2 | 0 | 0 | 17055 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 694456 | 2298 | SH |  | DFND | 1 | 0 | 0 | 2298 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 2663194 | 8811 | SH |  | DFND | 2 | 0 | 0 | 8811 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 761662 | 2374 | SH |  | DFND | 2 | 0 | 0 | 2374 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 697531 | 3555 | SH |  | DFND | 1 | 0 | 0 | 3555 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3538717 | 18036 | SH |  | DFND | 2 | 0 | 0 | 18036 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1995814 | 36925 | SH |  | DFND | 1 | 0 | 0 | 36925 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 4217813 | 78035 | SH |  | DFND | 2 | 0 | 0 | 78035 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 3817 | 72 | SH |  | SOLE |  | 0 | 0 | 72 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 693547 | 8381 | SH |  | DFND | 1 | 0 | 0 | 8381 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 2111281 | 25514 | SH |  | DFND | 2 | 0 | 0 | 25514 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 207727 | 3488 | SH |  | DFND | 1 | 0 | 0 | 3488 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1306449 | 21939 | SH |  | DFND | 2 | 0 | 0 | 21939 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 210001 | 3794 | SH |  | DFND | 1 | 0 | 0 | 3794 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 700611 | 12657 | SH |  | DFND | 2 | 0 | 0 | 12657 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 597051 | 12717 | SH |  | DFND | 2 | 0 | 0 | 12717 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 6229476 | 106414 | SH |  | DFND | 1 | 0 | 0 | 106414 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 27235055 | 465238 | SH |  | DFND | 2 | 0 | 0 | 465238 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 66454 | 1135 | SH |  | SOLE |  | 0 | 0 | 1135 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 564 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 288893 | 1343 | SH |  | DFND | 2 | 0 | 0 | 1343 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3908527 | 60994 | SH |  | DFND | 1 | 0 | 0 | 60994 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 4993296 | 77923 | SH |  | DFND | 2 | 0 | 0 | 77923 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 10409 | 163 | SH |  | SOLE |  | 0 | 0 | 163 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 54 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| VISA INC | COM CL A | 92826C839 |  | 290653 | 962 | SH |  | DFND | 1 | 0 | 0 | 962 |
| VISA INC | COM CL A | 92826C839 |  | 1888788 | 6249 | SH |  | DFND | 2 | 0 | 0 | 6249 |
| VISA INC | COM CL A | 92826C839 |  | 1036 | 3 | SH |  | SOLE |  | 0 | 0 | 3 |
| VSE CORP | COM | 918284100 |  | 1275495 | 6917 | SH |  | DFND | 2 | 0 | 0 | 6917 |
| WALMART INC | COM | 931142103 |  | 507808 | 4086 | SH |  | DFND | 1 | 0 | 0 | 4086 |
| WALMART INC | COM | 931142103 |  | 7859054 | 63237 | SH |  | DFND | 2 | 0 | 0 | 63237 |
| WELLS FARGO  CO | COM | 949746101 |  | 363851 | 4570 | SH |  | DFND | 1 | 0 | 0 | 4570 |
| WELLS FARGO  CO | COM | 949746101 |  | 2140964 | 26893 | SH |  | DFND | 2 | 0 | 0 | 26893 |
| WELLS FARGO  CO | COM | 949746101 |  | 1128 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 556836 | 3054 | SH |  | DFND | 2 | 0 | 0 | 3054 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 506087 | 5460 | SH |  | DFND | 1 | 0 | 0 | 5460 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 641432 | 7979 | SH |  | DFND | 2 | 0 | 0 | 7979 |

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