# EDGAR Filing Document

**Accession Number:** 0001418421
**File Stem:** 0001398344-26-001082
**Filing Date:** 2026-1
**Character Count:** 29028
**Document Hash:** 279aac9d3746aa445f6a988cfb4d6379
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-001082.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001398344-26-001082

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**EFFECTIVENESS DATE**: 20260123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Investment Counsel, Inc
- **CENTRAL INDEX KEY:** 0001418421

**ORGANIZATION NAME:**
- **EIN:** 561431385
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12623
- **FILM NUMBER:** 26554416

**BUSINESS ADDRESS:**
- **STREET 1:** 100 E. SIX FORKS ROAD
- **STREET 2:** SUITE 200
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27609
- **BUSINESS PHONE:** 919-831-2370

**MAIL ADDRESS:**
- **STREET 1:** 100 E. SIX FORKS ROAD
- **STREET 2:** SUITE 200
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27609

### 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:** Capital Investment Counsel Inc<br>**Address:** 100 E. SIX FORKS ROAD<br>SUITE 200<br>RALEIGH, NC 27609

**Form 13F File Number:** 028-12623

**CRD Number (if applicable):** 000104591

**SEC File Number (if applicable):** 801-20824

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:** Ron King<br>**Title:** Chief Compliance Officer<br>**Phone:** 919-831-2370

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

/s/ Ron King  Raleigh, NC  01-23-2026<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:** 261

**Form 13F Information Table Value Total:** $850399074

      (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 |
| AB ACTIVE ETFS INC | TAX AWARE LONG M | 00039J871 |  | 999800 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| AB ACTIVE ETFS INC | TAX AWARE INTERM | 00039J889 |  | 901495 | 35464 | SH |  | SOLE |  | 0 | 0 | 35464 |
| ABBOTT LABS | COM | 002824100 |  | 297689 | 2376 | SH |  | SOLE |  | 0 | 0 | 2376 |
| ABBVIE INC | COM | 00287Y109 |  | 371296 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 258910 | 965 | SH |  | SOLE |  | 0 | 0 | 965 |
| ADOBE INC | COM | 00724F101 |  | 10258907 | 29312 | SH |  | SOLE |  | 0 | 0 | 29312 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3775641 | 17630 | SH |  | SOLE |  | 0 | 0 | 17630 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1009919 | 11575 | SH |  | SOLE |  | 0 | 0 | 11575 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2876029 | 19621 | SH |  | SOLE |  | 0 | 0 | 19621 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 34536815 | 110060 | SH |  | SOLE |  | 0 | 0 | 110060 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7926412 | 25324 | SH |  | SOLE |  | 0 | 0 | 25324 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 252781 | 4384 | SH |  | SOLE |  | 0 | 0 | 4384 |
| AMAZON COM INC | COM | 023135106 |  | 24988804 | 108261 | SH |  | SOLE |  | 0 | 0 | 108261 |
| AMETEK INC | COM | 031100100 |  | 436284 | 2125 | SH |  | SOLE |  | 0 | 0 | 2125 |
| AMGEN INC | COM | 031162100 |  | 659202 | 2014 | SH |  | SOLE |  | 0 | 0 | 2014 |
| ANALOG DEVICES INC | COM | 032654105 |  | 203129 | 749 | SH |  | SOLE |  | 0 | 0 | 749 |
| APPLE INC | COM | 037833100 |  | 157074617 | 577778 | SH |  | SOLE |  | 0 | 0 | 577778 |
| APPLIED MATLS INC | COM | 038222105 |  | 17912293 | 69700 | SH |  | SOLE |  | 0 | 0 | 69700 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 428818 | 7459 | SH |  | SOLE |  | 0 | 0 | 7459 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 370160 | 2825 | SH |  | SOLE |  | 0 | 0 | 2825 |
| AT INC | COM | 00206R102 |  | 250803 | 10097 | SH |  | SOLE |  | 0 | 0 | 10097 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4235701 | 16467 | SH |  | SOLE |  | 0 | 0 | 16467 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 644154 | 4930 | SH |  | SOLE |  | 0 | 0 | 4930 |
| BANCORP INC DEL | COM | 05969A105 |  | 2959334 | 43829 | SH |  | SOLE |  | 0 | 0 | 43829 |
| BANK AMERICA CORP | COM | 060505104 |  | 4873844 | 88615 | SH |  | SOLE |  | 0 | 0 | 88615 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1257630 | 2502 | SH |  | SOLE |  | 0 | 0 | 2502 |
| BLACKBERRY LTD | COM | 09228F103 |  | 92722 | 24465 | SH |  | SOLE |  | 0 | 0 | 24465 |
| BLACKSKY TECHNOLOGY INC | CL A NEW | 09263B207 |  | 225000 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| BLACKSTONE INC | COM | 09260D107 |  | 231210 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| BLUEROCK PVT REAL ESTATE FD | COM | 09631P102 |  | 546180 | 36412 | SH |  | SOLE |  | 0 | 0 | 36412 |
| BOEING CO | COM | 097023105 |  | 418238 | 1926 | SH |  | SOLE |  | 0 | 0 | 1926 |
| BP PLC | SPONSORED ADR | 055622104 |  | 445933 | 12840 | SH |  | SOLE |  | 0 | 0 | 12840 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 265331 | 4919 | SH |  | SOLE |  | 0 | 0 | 4919 |
| BROADCOM INC | COM | 11135F101 |  | 298338 | 862 | SH |  | SOLE |  | 0 | 0 | 862 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 240434 | 1077 | SH |  | SOLE |  | 0 | 0 | 1077 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 212796 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| CATERPILLAR INC | COM | 149123101 |  | 6795098 | 11862 | SH |  | SOLE |  | 0 | 0 | 11862 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 544619 | 2935 | SH |  | SOLE |  | 0 | 0 | 2935 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1374129 | 9016 | SH |  | SOLE |  | 0 | 0 | 9016 |
| CIENA CORP | COM NEW | 171779309 |  | 701610 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 382495 | 2342 | SH |  | SOLE |  | 0 | 0 | 2342 |
| CISCO SYS INC | COM | 17275R102 |  | 12944481 | 168045 | SH |  | SOLE |  | 0 | 0 | 168045 |
| CLEAN HARBORS INC | COM | 184496107 |  | 234480 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| COCA COLA CO | COM | 191216100 |  | 8755749 | 125243 | SH |  | SOLE |  | 0 | 0 | 125243 |
| COHERENT CORP | COM | 19247G107 |  | 213917 | 1159 | SH |  | SOLE |  | 0 | 0 | 1159 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 474120 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 250992 | 8300 | SH |  | SOLE |  | 0 | 0 | 8300 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 248300 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| CORNING INC | COM | 219350105 |  | 2661824 | 30400 | SH |  | SOLE |  | 0 | 0 | 30400 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 56047016 | 64994 | SH |  | SOLE |  | 0 | 0 | 64994 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 613798 | 24165 | SH |  | SOLE |  | 0 | 0 | 24165 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 917363 | 1957 | SH |  | SOLE |  | 0 | 0 | 1957 |
| CSX CORP | COM | 126408103 |  | 287318 | 7926 | SH |  | SOLE |  | 0 | 0 | 7926 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 5741452 | 55382 | SH |  | SOLE |  | 0 | 0 | 55382 |
| DEERE  CO | COM | 244199105 |  | 588946 | 1265 | SH |  | SOLE |  | 0 | 0 | 1265 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 760037 | 6038 | SH |  | SOLE |  | 0 | 0 | 6038 |
| DIREXION SHS ETF TR | DLY SMCAP BULL3X | 25459W847 |  | 460865 | 10120 | SH |  | SOLE |  | 0 | 0 | 10120 |
| DIREXION SHS ETF TR | DAILY 20+ YEAR T | 25460G138 |  | 1836144 | 49200 | SH |  | SOLE |  | 0 | 0 | 49200 |
| DIREXION SHS ETF TR | CSI 300 BULL2X | 25490K869 |  | 681937 | 32450 | SH |  | SOLE |  | 0 | 0 | 32450 |
| DISNEY WALT CO | COM | 254687106 |  | 4242319 | 37289 | SH |  | SOLE |  | 0 | 0 | 37289 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 529494 | 8245 | SH |  | SOLE |  | 0 | 0 | 8245 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 4547953 | 34254 | SH |  | SOLE |  | 0 | 0 | 34254 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1462904 | 24969 | SH |  | SOLE |  | 0 | 0 | 24969 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1707989 | 14572 | SH |  | SOLE |  | 0 | 0 | 14572 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 283456 | 3325 | SH |  | SOLE |  | 0 | 0 | 3325 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 435043 | 755 | SH |  | SOLE |  | 0 | 0 | 755 |
| ELI LILLY  CO | COM | 532457108 |  | 842549 | 784 | SH |  | SOLE |  | 0 | 0 | 784 |
| EMPIRE ST RLTY TR INC | CL A | 292104106 |  | 193905 | 29740 | SH |  | SOLE |  | 0 | 0 | 29740 |
| ENBRIDGE INC | COM | 29250N105 |  | 320301 | 6684 | SH |  | SOLE |  | 0 | 0 | 6684 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1268816 | 8515 | SH |  | SOLE |  | 0 | 0 | 8515 |
| EXPONENT INC | COM | 30214U102 |  | 258739 | 3725 | SH |  | SOLE |  | 0 | 0 | 3725 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9445893 | 78493 | SH |  | SOLE |  | 0 | 0 | 78493 |
| F5 INC | COM | 315616102 |  | 1022316 | 4005 | SH |  | SOLE |  | 0 | 0 | 4005 |
| FEDEX CORP | COM | 31428X106 |  | 4469820 | 15474 | SH |  | SOLE |  | 0 | 0 | 15474 |
| FERRARI N V | COM | N3167Y103 |  | 1053269 | 2811 | SH |  | SOLE |  | 0 | 0 | 2811 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 406931 | 5235 | SH |  | SOLE |  | 0 | 0 | 5235 |
| FIDELITY COVINGTON TRUST | VLU FACTOR ETF | 316092782 |  | 161162 | 2230 | SH |  | SOLE |  | 0 | 0 | 2230 |
| FIDELITY COVINGTON TRUST | QLTY FCTOR ETF | 316092790 |  | 194266 | 2570 | SH |  | SOLE |  | 0 | 0 | 2570 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 16401 | 73 | SH |  | SOLE |  | 0 | 0 | 73 |
| FIDELITY COVINGTON TRUST | MOMENTUM FACTR | 316092816 |  | 198146 | 2360 | SH |  | SOLE |  | 0 | 0 | 2360 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 242262 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| FISERV INC | COM | 337738108 |  | 322752 | 4805 | SH |  | SOLE |  | 0 | 0 | 4805 |
| FLEX LTD | ORD | Y2573F102 |  | 535321 | 8860 | SH |  | SOLE |  | 0 | 0 | 8860 |
| FORD MTR CO | COM | 345370860 |  | 139623 | 10642 | SH |  | SOLE |  | 0 | 0 | 10642 |
| FORTINET INC | COM | 34959E109 |  | 446681 | 5625 | SH |  | SOLE |  | 0 | 0 | 5625 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 428682 | 17944 | SH |  | SOLE |  | 0 | 0 | 17944 |
| GARTNER INC | COM | 366651107 |  | 527265 | 2090 | SH |  | SOLE |  | 0 | 0 | 2090 |
| GE AEROSPACE | COM NEW | 369604301 |  | 895751 | 2908 | SH |  | SOLE |  | 0 | 0 | 2908 |
| GE VERNOVA INC | COM | 36828A101 |  | 443774 | 679 | SH |  | SOLE |  | 0 | 0 | 679 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 403992 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 251617 | 2050 | SH |  | SOLE |  | 0 | 0 | 2050 |
| GLOBUS MED INC | CL A | 379577208 |  | 1823906 | 20890 | SH |  | SOLE |  | 0 | 0 | 20890 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 2187111 | 76259 | SH |  | SOLE |  | 0 | 0 | 76259 |
| HERON THERAPEUTICS INC | COM | 427746102 |  | 23823 | 18325 | SH |  | SOLE |  | 0 | 0 | 18325 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 932782 | 38834 | SH |  | SOLE |  | 0 | 0 | 38834 |
| HOLOGIC INC | COM | 436440101 |  | 363213 | 4876 | SH |  | SOLE |  | 0 | 0 | 4876 |
| HOME DEPOT INC | COM | 437076102 |  | 1406536 | 4088 | SH |  | SOLE |  | 0 | 0 | 4088 |
| HP INC | COM | 40434L105 |  | 334355 | 15007 | SH |  | SOLE |  | 0 | 0 | 15007 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 291510 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 6867267 | 20194 | SH |  | SOLE |  | 0 | 0 | 20194 |
| INTEL CORP | COM | 458140100 |  | 2654517 | 71938 | SH |  | SOLE |  | 0 | 0 | 71938 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1041771 | 3517 | SH |  | SOLE |  | 0 | 0 | 3517 |
| INTUIT | COM | 461202103 |  | 298089 | 450 | SH |  | SOLE |  | 0 | 0 | 450 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 12383 | 165 | SH |  | SOLE |  | 0 | 0 | 165 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 539360 | 2816 | SH |  | SOLE |  | 0 | 0 | 2816 |
| INVESCO EXCHANGE TRADED FD T | DIVID ACHIEVEV | 46137V506 |  | 10301 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| INVESCO EXCHANGE TRADED FD T | DJ INDL AVG DV | 46137V605 |  | 5714 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| INVESCO EXCHANGE TRADED FD T | BUILDING  CONST | 46137V779 |  | 1296 | 14 | SH |  | SOLE |  | 0 | 0 | 14 |
| INVESCO EXCHANGE TRADED FD T | DORSEY WRIGHT MO | 46137V837 |  | 45630 | 392 | SH |  | SOLE |  | 0 | 0 | 392 |
| INVESCO EXCHANGE TRADED FD T | DORSEY WRGT CSMR | 46137V886 |  | 20086 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 660381 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| ISHARES TR | S 100 ETF | 464287101 |  | 1372 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 50852 | 342 | SH |  | SOLE |  | 0 | 0 | 342 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 145939 | 1034 | SH |  | SOLE |  | 0 | 0 | 1034 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 1149423 | 30019 | SH |  | SOLE |  | 0 | 0 | 30019 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 863720 | 11592 | SH |  | SOLE |  | 0 | 0 | 11592 |
| ISHARES TR | CORE S ETF | 464287200 |  | 198748 | 290 | SH |  | SOLE |  | 0 | 0 | 290 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 209748 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 60375 | 575 | SH |  | SOLE |  | 0 | 0 | 575 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 75435 | 612 | SH |  | SOLE |  | 0 | 0 | 612 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 42174 | 433 | SH |  | SOLE |  | 0 | 0 | 433 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1341828 | 15395 | SH |  | SOLE |  | 0 | 0 | 15395 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 31204 | 325 | SH |  | SOLE |  | 0 | 0 | 325 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 153839 | 1598 | SH |  | SOLE |  | 0 | 0 | 1598 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 112200 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 74511 | 705 | SH |  | SOLE |  | 0 | 0 | 705 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 99912 | 475 | SH |  | SOLE |  | 0 | 0 | 475 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 39721 | 410 | SH |  | SOLE |  | 0 | 0 | 410 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 155716 | 329 | SH |  | SOLE |  | 0 | 0 | 329 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 212928 | 865 | SH |  | SOLE |  | 0 | 0 | 865 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 35003 | 266 | SH |  | SOLE |  | 0 | 0 | 266 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 4753 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 59609 | 496 | SH |  | SOLE |  | 0 | 0 | 496 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 30477 | 268 | SH |  | SOLE |  | 0 | 0 | 268 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 70315 | 659 | SH |  | SOLE |  | 0 | 0 | 659 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 37549 | 390 | SH |  | SOLE |  | 0 | 0 | 390 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 1519 | 39 | SH |  | SOLE |  | 0 | 0 | 39 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 174322 | 2162 | SH |  | SOLE |  | 0 | 0 | 2162 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 179549 | 1766 | SH |  | SOLE |  | 0 | 0 | 1766 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 24347 | 204 | SH |  | SOLE |  | 0 | 0 | 204 |
| ISHARES TR | GLOB INDSTRL ETF | 464288729 |  | 43309 | 247 | SH |  | SOLE |  | 0 | 0 | 247 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 134863 | 679 | SH |  | SOLE |  | 0 | 0 | 679 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 25392 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 277952 | 3107 | SH |  | SOLE |  | 0 | 0 | 3107 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA | 46641Q225 |  | 32085 | 345 | SH |  | SOLE |  | 0 | 0 | 345 |
| J P MORGAN EXCHANGE TRADED F | ACTIVEBLDRS EMER | 46641Q266 |  | 1862 | 38 | SH |  | SOLE |  | 0 | 0 | 38 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 20034 | 350 | SH |  | SOLE |  | 0 | 0 | 350 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS I | 46641Q373 |  | 4195 | 58 | SH |  | SOLE |  | 0 | 0 | 58 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDRS US | 46641Q399 |  | 17757 | 144 | SH |  | SOLE |  | 0 | 0 | 144 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 160990 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 111652 | 2207 | SH |  | SOLE |  | 0 | 0 | 2207 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 858429 | 4148 | SH |  | SOLE |  | 0 | 0 | 4148 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1844065 | 5723 | SH |  | SOLE |  | 0 | 0 | 5723 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 805708 | 7986 | SH |  | SOLE |  | 0 | 0 | 7986 |
| KLA CORP | COM NEW | 482480100 |  | 243016 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 3450034 | 101323 | SH |  | SOLE |  | 0 | 0 | 101323 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 376362 | 4958 | SH |  | SOLE |  | 0 | 0 | 4958 |
| KROGER CO | COM | 501044101 |  | 952258 | 15241 | SH |  | SOLE |  | 0 | 0 | 15241 |
| KULICKE  SOFFA INDS INC | COM | 501242101 |  | 1291170 | 28340 | SH |  | SOLE |  | 0 | 0 | 28340 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 629708 | 2145 | SH |  | SOLE |  | 0 | 0 | 2145 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 2839705 | 16589 | SH |  | SOLE |  | 0 | 0 | 16589 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 531525 | 3730 | SH |  | SOLE |  | 0 | 0 | 3730 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 6427007 | 13288 | SH |  | SOLE |  | 0 | 0 | 13288 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 306888 | 3800 | SH |  | SOLE |  | 0 | 0 | 3800 |
| LOWES COS INC | COM | 548661107 |  | 11409383 | 47310 | SH |  | SOLE |  | 0 | 0 | 47310 |
| MAPLEBEAR INC | COM | 565394103 |  | 359840 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1498120 | 2406 | SH |  | SOLE |  | 0 | 0 | 2406 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 10374019 | 122076 | SH |  | SOLE |  | 0 | 0 | 122076 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 282015 | 494 | SH |  | SOLE |  | 0 | 0 | 494 |
| MCDONALDS CORP | COM | 580135101 |  | 1804835 | 5905 | SH |  | SOLE |  | 0 | 0 | 5905 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 253406 | 2638 | SH |  | SOLE |  | 0 | 0 | 2638 |
| MERCK  CO INC | COM | 58933Y105 |  | 431513 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7061142 | 10697 | SH |  | SOLE |  | 0 | 0 | 10697 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1669649 | 5850 | SH |  | SOLE |  | 0 | 0 | 5850 |
| MICROSOFT CORP | COM | 594918104 |  | 23957264 | 49537 | SH |  | SOLE |  | 0 | 0 | 49537 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3261469 | 18371 | SH |  | SOLE |  | 0 | 0 | 18371 |
| MORNINGSTAR INC | COM | 617700109 |  | 249907 | 1150 | SH |  | SOLE |  | 0 | 0 | 1150 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 1384998 | 19951 | SH |  | SOLE |  | 0 | 0 | 19951 |
| NIKE INC | CL B | 654106103 |  | 1186534 | 18624 | SH |  | SOLE |  | 0 | 0 | 18624 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 69533 | 10747 | SH |  | SOLE |  | 0 | 0 | 10747 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1379908 | 2420 | SH |  | SOLE |  | 0 | 0 | 2420 |
| NUCOR CORP | COM | 670346105 |  | 498301 | 3055 | SH |  | SOLE |  | 0 | 0 | 3055 |
| NUTRIEN LTD | COM | 67077M108 |  | 339659 | 5495 | SH |  | SOLE |  | 0 | 0 | 5495 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 114324500 | 613000 | SH |  | SOLE |  | 0 | 0 | 613000 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 2578262 | 16443 | SH |  | SOLE |  | 0 | 0 | 16443 |
| OLLIES BARGAIN OUTLET HLDGS | COM | 681116109 |  | 334311 | 3050 | SH |  | SOLE |  | 0 | 0 | 3050 |
| ORACLE CORP | COM | 68389X105 |  | 6504074 | 33370 | SH |  | SOLE |  | 0 | 0 | 33370 |
| OUTDOOR HOLDING CO | COM | 00175J107 |  | 37791 | 22100 | SH |  | SOLE |  | 0 | 0 | 22100 |
| PACCAR INC | COM | 693718108 |  | 1054034 | 9625 | SH |  | SOLE |  | 0 | 0 | 9625 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 17387505 | 97820 | SH |  | SOLE |  | 0 | 0 | 97820 |
| PAYCHEX INC | COM | 704326107 |  | 2750092 | 24515 | SH |  | SOLE |  | 0 | 0 | 24515 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2031301 | 34794 | SH |  | SOLE |  | 0 | 0 | 34794 |
| PEPSICO INC | COM | 713448108 |  | 619863 | 4319 | SH |  | SOLE |  | 0 | 0 | 4319 |
| PFIZER INC | COM | 717081103 |  | 220913 | 8872 | SH |  | SOLE |  | 0 | 0 | 8872 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 274284 | 1710 | SH |  | SOLE |  | 0 | 0 | 1710 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 454056 | 4759 | SH |  | SOLE |  | 0 | 0 | 4759 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 5063624 | 49459 | SH |  | SOLE |  | 0 | 0 | 49459 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8996472 | 62776 | SH |  | SOLE |  | 0 | 0 | 62776 |
| PROSHARES TR | PSHS ULTSH 20YRS | 74347B201 |  | 300484 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 9155241 | 158067 | SH |  | SOLE |  | 0 | 0 | 158067 |
| PROSHARES TR | ULTRA 20YR TRE | 74347R172 |  | 148950 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 204189 | 2900 | SH |  | SOLE |  | 0 | 0 | 2900 |
| PROSHARES TR | PSHS ULTRA DOW30 | 74347R305 |  | 3755603 | 66050 | SH |  | SOLE |  | 0 | 0 | 66050 |
| PROSHARES TR | PSHS ULTRUSS2000 | 74347R842 |  | 2402900 | 51104 | SH |  | SOLE |  | 0 | 0 | 51104 |
| PROSHARES TR | ULTRA FNCLS NEW | 74347X633 |  | 812712 | 8855 | SH |  | SOLE |  | 0 | 0 | 8855 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 11773 | 11430 | SH |  | SOLE |  | 0 | 0 | 11430 |
| QUALCOMM INC | COM | 747525103 |  | 9034748 | 52819 | SH |  | SOLE |  | 0 | 0 | 52819 |
| QUANTA SVCS INC | COM | 74762E102 |  | 348200 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 13037860 | 261385 | SH |  | SOLE |  | 0 | 0 | 261385 |
| ROCKET LAB CORP | COM | 773121108 |  | 699693 | 10030 | SH |  | SOLE |  | 0 | 0 | 10030 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 429922 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| ROYAL BK CDA | COM | 780087102 |  | 1025497 | 6015 | SH |  | SOLE |  | 0 | 0 | 6015 |
| RTX CORPORATION | COM | 75513E101 |  | 4804530 | 26197 | SH |  | SOLE |  | 0 | 0 | 26197 |
| SAP SE | SPON ADR | 803054204 |  | 5504241 | 22660 | SH |  | SOLE |  | 0 | 0 | 22660 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 8618617 | 86264 | SH |  | SOLE |  | 0 | 0 | 86264 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 2216272 | 14317 | SH |  | SOLE |  | 0 | 0 | 14317 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 93216 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 47764 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 1037227 | 23199 | SH |  | SOLE |  | 0 | 0 | 23199 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 47924 | 875 | SH |  | SOLE |  | 0 | 0 | 875 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1200629 | 7740 | SH |  | SOLE |  | 0 | 0 | 7740 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 35993 | 250 | SH |  | SOLE |  | 0 | 0 | 250 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 23565 | 552 | SH |  | SOLE |  | 0 | 0 | 552 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 3630790 | 57259 | SH |  | SOLE |  | 0 | 0 | 57259 |
| SLB LIMITED | COM STK | 806857108 |  | 608559 | 15856 | SH |  | SOLE |  | 0 | 0 | 15856 |
| SOURCE CAPITAL | COM SHS OF BEN I | 836144303 |  | 411840 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| SOUTHERN CO | COM | 842587107 |  | 418996 | 4805 | SH |  | SOLE |  | 0 | 0 | 4805 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1730286 | 2537 | SH |  | SOLE |  | 0 | 0 | 2537 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 1886898 | 29114 | SH |  | SOLE |  | 0 | 0 | 29114 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 51489 | 370 | SH |  | SOLE |  | 0 | 0 | 370 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 86483 | 1425 | SH |  | SOLE |  | 0 | 0 | 1425 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 3802997 | 31190 | SH |  | SOLE |  | 0 | 0 | 31190 |
| SYNOPSYS INC | COM | 871607107 |  | 1096796 | 2335 | SH |  | SOLE |  | 0 | 0 | 2335 |
| SYSCO CORP | COM | 871829107 |  | 2327036 | 31579 | SH |  | SOLE |  | 0 | 0 | 31579 |
| TARGET CORP | COM | 87612E106 |  | 3422325 | 35011 | SH |  | SOLE |  | 0 | 0 | 35011 |
| TERADYNE INC | COM | 880770102 |  | 5910935 | 30538 | SH |  | SOLE |  | 0 | 0 | 30538 |
| TESLA INC | COM | 88160R101 |  | 1534445 | 3412 | SH |  | SOLE |  | 0 | 0 | 3412 |
| TITAN INTL INC ILL | COM | 88830M102 |  | 1189753 | 151948 | SH |  | SOLE |  | 0 | 0 | 151948 |
| TJX COS INC NEW | COM | 872540109 |  | 220891 | 1438 | SH |  | SOLE |  | 0 | 0 | 1438 |
| TOAST INC | CL A | 888787108 |  | 632078 | 17800 | SH |  | SOLE |  | 0 | 0 | 17800 |
| TOTAL RETURN SECURITIES FUND | COM | 870875101 |  | 93057 | 14961 | SH |  | SOLE |  | 0 | 0 | 14961 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 122042 | 29550 | SH |  | SOLE |  | 0 | 0 | 29550 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1499724 | 30476 | SH |  | SOLE |  | 0 | 0 | 30476 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 420807 | 5150 | SH |  | SOLE |  | 0 | 0 | 5150 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3092868 | 31181 | SH |  | SOLE |  | 0 | 0 | 31181 |
| VALUE LINE INC | COM | 920437100 |  | 375615 | 9774 | SH |  | SOLE |  | 0 | 0 | 9774 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 18520 | 235 | SH |  | SOLE |  | 0 | 0 | 235 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 366647 | 4950 | SH |  | SOLE |  | 0 | 0 | 4950 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 147376 | 235 | SH |  | SOLE |  | 0 | 0 | 235 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 1256 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 11504 | 130 | SH |  | SOLE |  | 0 | 0 | 130 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 15672 | 54 | SH |  | SOLE |  | 0 | 0 | 54 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 122453 | 251 | SH |  | SOLE |  | 0 | 0 | 251 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 241984 | 1267 | SH |  | SOLE |  | 0 | 0 | 1267 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 575994 | 1718 | SH |  | SOLE |  | 0 | 0 | 1718 |
| VANGUARD WORLD FD | EXTENDED DUR | 921910709 |  | 227535 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 5195009 | 23272 | SH |  | SOLE |  | 0 | 0 | 23272 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1504892 | 36948 | SH |  | SOLE |  | 0 | 0 | 36948 |
| VISA INC | COM CL A | 92826C839 |  | 3851848 | 10983 | SH |  | SOLE |  | 0 | 0 | 10983 |
| WALMART INC | COM | 931142103 |  | 34411950 | 308877 | SH |  | SOLE |  | 0 | 0 | 308877 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3543581 | 38021 | SH |  | SOLE |  | 0 | 0 | 38021 |

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