# EDGAR Filing Document

**Accession Number:** 0001757617
**File Stem:** 0001765380-23-000010
**Filing Date:** 2023-2
**Character Count:** 24705
**Document Hash:** 19a518052eef75b958eb64cd085e26dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001765380-23-000010.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001765380-23-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Full Sail Capital, LLC
- **CENTRAL INDEX KEY:** 0001757617
- **IRS NUMBER:** 824300856
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19336
- **FILM NUMBER:** 23591223

**BUSINESS ADDRESS:**
- **STREET 1:** 124 N.W. 10TH ST
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73103
- **BUSINESS PHONE:** (405) 286-2100

**MAIL ADDRESS:**
- **STREET 1:** 124 N.W. 10TH ST
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73103

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Full Sail Capital LLC<br>**Address:** 124 N.W. 10TH ST<br>OKLAHOMA CITY, OK 73103

**Form 13F File Number:** 028-19336

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:** Jonathan G Kasting<br>**Title:** CCO<br>**Phone:** 5139778234

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

Jonathan G Kasting  Cincinnati, OH  02-06-2023<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:** 6

**Form 13F Information Table Entry Total:** 205

**Form 13F Information Table Value Total:** $1053840515

      (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   |
|:---|:---|:---|
|  | Kayne Anderson   |  |
|  | Clearbridge      |  |
|  | Fayez            |  |
|  | Earnest Partners |  |
|  | Lazard           |  |
|  | Capital Group    |  |

### 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 LABS | COM | 002824100 |  | 62361 | 568 | SH |  | DFND | 3 | 0 | 150 | 418 |
| ABBOTT LABS | COM | 002824100 |  | 391401 | 3565 | SH |  | SOLE |  | 2026 | 89 | 1450 |
| ABBVIE INC | COM | 00287Y109 |  | 19070 | 118 | SH |  | DFND | 3 | 0 | 31 | 87 |
| ABBVIE INC | COM | 00287Y109 |  | 215103 | 1331 | SH |  | SOLE |  | 1000 | 73 | 258 |
| AFLAC INC | COM | 001055102 |  | 202727 | 2818 | SH |  | SOLE |  | 2000 | 0 | 818 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 3847226 | 189332 | SH |  | SOLE |  | 0 | 0 | 189332 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1983940 | 22486 | SH |  | SOLE |  | 5629 | 0 | 16857 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 68588 | 773 | SH |  | DFND | 36 | 0 | 160 | 613 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 186777 | 2105 | SH |  | SOLE |  | 445 | 280 | 1380 |
| AMAZON COM INC | COM | 023135106 |  | 68880 | 820 | SH |  | DFND | 3 | 0 | 340 | 480 |
| AMAZON COM INC | COM | 023135106 |  | 4302228 | 51217 | SH |  | SOLE |  | 6083 | 180 | 44954 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 52700 | 50000 | PRN |  | SOLE |  | 50000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 218152 | 1679 | SH |  | DFND | 36 | 0 | 563 | 1116 |
| APPLE INC | COM | 037833100 |  | 12403767 | 95465 | SH |  | SOLE |  | 13192 | 440 | 81833 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 364050 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 600369 | 8855 | SH |  | SOLE |  | 8855 | 0 | 0 |
| BANCFIRST CORP | COM | 05945F103 |  | 55465 | 629 | SH |  | DFND | 6 | 0 | 0 | 629 |
| BANCFIRST CORP | COM | 05945F103 |  | 3492457 | 39606 | SH |  | SOLE |  | 39606 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1069776 | 32300 | SH |  | SOLE |  | 1614 | 0 | 30686 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 397554 | 1287 | SH |  | SOLE |  | 520 | 0 | 767 |
| BOEING CO | COM | 097023105 |  | 717766 | 3768 | SH |  | SOLE |  | 160 | 0 | 3608 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 11728 | 163 | SH |  | DFND | 3 | 0 | 0 | 163 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 370399 | 5148 | SH |  | SOLE |  | 4233 | 0 | 915 |
| CATERPILLAR INC | COM | 149123101 |  | 591713 | 2470 | SH |  | SOLE |  | 600 | 0 | 1870 |
| CHEVRON CORP NEW | COM | 166764100 |  | 124566 | 694 | SH |  | DFND | 3 | 0 | 128 | 566 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3067664 | 17091 | SH |  | SOLE |  | 16658 | 34 | 399 |
| CISCO SYS INC | COM | 17275R102 |  | 527137 | 11065 | SH |  | SOLE |  | 2125 | 0 | 8940 |
| CMS ENERGY CORP | COM | 125896100 |  | 215575 | 3404 | SH |  | SOLE |  | 3404 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 43128 | 678 | SH |  | DFND | 3 | 0 | 91 | 587 |
| COCA COLA CO | COM | 191216100 |  | 1479187 | 23254 | SH |  | SOLE |  | 2618 | 187 | 20449 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 8968 | 76 | SH |  | DFND | 6 | 0 | 0 | 76 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 472000 | 4000 | SH |  | SOLE |  | 593 | 0 | 3407 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 414959 | 909 | SH |  | SOLE |  | 885 | 0 | 24 |
| DANAHER CORPORATION | COM | 235851102 |  | 6105 | 23 | SH |  | DFND | 6 | 0 | 0 | 23 |
| DANAHER CORPORATION | COM | 235851102 |  | 794933 | 2995 | SH |  | SOLE |  | 2985 | 0 | 10 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2010024 | 32678 | SH |  | SOLE |  | 32378 | 0 | 300 |
| DISNEY WALT CO | COM | 254687106 |  | 231448 | 2664 | SH |  | SOLE |  | 1386 | 0 | 1278 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 241818 | 982 | SH |  | SOLE |  | 13 | 0 | 969 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 150332 | 1015 | SH |  | DFND | 6 | 0 | 0 | 1015 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 68279 | 461 | SH |  | SOLE |  | 0 | 0 | 461 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 53385 | 484 | SH |  | DFND | 3 | 0 | 59 | 425 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 473297 | 4291 | SH |  | SOLE |  | 473 | 0 | 3818 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 |  | 5690153 | 126984 | SH |  | SOLE |  | 89765 | 0 | 37219 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 2307 | 93 | SH |  | DFND | 3 | 0 | 0 | 93 |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 316092857 |  | 6506920 | 262270 | SH |  | SOLE |  | 139470 | 573 | 122227 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 2131653 | 89415 | SH |  | SOLE |  | 41986 | 0 | 47429 |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 316092600 |  | 13116 | 205 | SH |  | DFND | 3 | 0 | 0 | 205 |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 316092600 |  | 35347315 | 552474 | SH |  | SOLE |  | 267214 | 25 | 285235 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 41341 | 907 | SH |  | DFND | 3 | 0 | 92 | 815 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 8070886 | 177071 | SH |  | SOLE |  | 72430 | 107 | 104534 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 16679 | 537 | SH |  | DFND | 3 | 0 | 0 | 537 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 11706576 | 376902 | SH |  | SOLE |  | 190974 | 0 | 185928 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 80428 | 851 | SH |  | DFND | 3 | 0 | 0 | 851 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 69041085 | 730516 | SH |  | SOLE |  | 386261 | 28 | 344227 |
| FIDELITY COVINGTON TRUST | MSCI INDL INDX | 316092709 |  | 8980538 | 177096 | SH |  | SOLE |  | 114425 | 0 | 62671 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 30969 | 646 | SH |  | DFND | 3 | 0 | 0 | 646 |
| FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 |  | 23462856 | 489421 | SH |  | SOLE |  | 214734 | 145 | 274542 |
| FORD MTR CO DEL | COM | 345370860 |  | 120161 | 10332 | SH |  | SOLE |  | 10332 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 601820 | 3192 | SH |  | SOLE |  | 3192 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 4203 | 217 | SH |  | DFND | 3 | 0 | 117 | 100 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 11412623 | 589191 | SH |  | SOLE |  | 319963 | 0 | 269228 |
| GOLDMAN SACHS ETF TR | EQUAL WEIGHT US | 381430438 |  | 82507 | 1424 | SH |  | DFND | 36 | 0 | 0 | 1424 |
| GOLDMAN SACHS ETF TR | EQUAL WEIGHT US | 381430438 |  | 36060777 | 622381 | SH |  | SOLE |  | 323843 | 1053 | 297486 |
| HOME DEPOT INC | COM | 437076102 |  | 535067 | 1694 | SH |  | SOLE |  | 1285 | 0 | 409 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4715 | 22 | SH |  | DFND | 6 | 0 | 0 | 22 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1164506 | 5434 | SH |  | SOLE |  | 3484 | 0 | 1950 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 57553 | 561 | SH |  | DFND | 3 | 0 | 190 | 371 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1365268 | 13308 | SH |  | SOLE |  | 3664 | 47 | 9597 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 359692 | 2553 | SH |  | SOLE |  | 2330 | 0 | 223 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 110458 | 782 | SH |  | DFND | 3 | 0 | 122 | 660 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 12121369 | 85815 | SH |  | SOLE |  | 34586 | 0 | 51229 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 215941 | 4549 | SH |  | SOLE |  | 4362 | 0 | 187 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 229110 | 4906 | SH |  | DFND | 3 | 0 | 0 | 4906 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 35230628 | 754403 | SH |  | SOLE |  | 380766 | 1992 | 371645 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 293345 | 4759 | SH |  | DFND | 3 | 0 | 0 | 4759 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 42569596 | 690616 | SH |  | SOLE |  | 301332 | 1750 | 387534 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 20459 | 211 | SH |  | DFND | 3 | 0 | 190 | 21 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 17562959 | 181136 | SH |  | SOLE |  | 103614 | 0 | 77522 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 6942 | 146 | SH |  | DFND | 3 | 0 | 146 | 0 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 3930806 | 82667 | SH |  | SOLE |  | 48767 | 0 | 33900 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2165720 | 57143 | SH |  | SOLE |  | 36424 | 0 | 20719 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 10960 | 113 | SH |  | DFND | 3 | 0 | 61 | 52 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 16671513 | 171889 | SH |  | SOLE |  | 90029 | 0 | 81860 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 1022767 | 21010 | SH |  | SOLE |  | 21010 | 0 | 0 |
| ISHARES TR | MORNINGSTAR VALU | 464288109 |  | 929987 | 14708 | SH |  | SOLE |  | 14708 | 0 | 0 |
| ISHARES TR | MRGSTR MD CP GRW | 464288307 |  | 620698 | 11520 | SH |  | SOLE |  | 11520 | 0 | 0 |
| ISHARES TR | DEVSMCP EXNA ETF | 464288497 |  | 701480 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1899 | 18 | SH |  | DFND | 3 | 0 | 18 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 32254869 | 305675 | SH |  | SOLE |  | 155819 | 0 | 149856 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 4399 | 52 | SH |  | DFND | 3 | 0 | 28 | 24 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 14926472 | 176457 | SH |  | SOLE |  | 100406 | 0 | 76051 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 495942 | 10017 | SH |  | SOLE |  | 4 | 0 | 10013 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 15701 | 278 | SH |  | DFND | 3 | 0 | 278 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 14233525 | 252010 | SH |  | SOLE |  | 115382 | 530 | 136098 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 9922 | 325 | SH |  | DFND | 3 | 0 | 325 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 7358047 | 241010 | SH |  | SOLE |  | 150149 | 0 | 90861 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 9236940 | 136945 | SH |  | SOLE |  | 69488 | 0 | 67457 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 483813 | 6495 | SH |  | SOLE |  | 3 | 0 | 6492 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 10965 | 104 | SH |  | DFND | 3 | 0 | 56 | 48 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 29755044 | 282226 | SH |  | SOLE |  | 147665 | 0 | 134560 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 352434 | 1457 | SH |  | DFND | 3 | 0 | 126 | 1331 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 46956684 | 194124 | SH |  | SOLE |  | 72575 | 462 | 121087 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 243603 | 2574 | SH |  | DFND | 3 | 0 | 0 | 2574 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 44743251 | 472773 | SH |  | SOLE |  | 230554 | 894 | 241325 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1253984 | 3264 | SH |  | SOLE |  | 2221 | 0 | 1043 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 564522 | 2635 | SH |  | SOLE |  | 606 | 0 | 2029 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 6673803 | 38276 | SH |  | SOLE |  | 19741 | 0 | 18535 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 5381758 | 81989 | SH |  | SOLE |  | 48581 | 0 | 33408 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 35330 | 200 | SH |  | DFND | 3 | 0 | 22 | 178 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 709073 | 4014 | SH |  | SOLE |  | 3243 | 0 | 771 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 44789 | 334 | SH |  | DFND | 36 | 0 | 29 | 305 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 412760 | 3078 | SH |  | SOLE |  | 2375 | 88 | 615 |
| LILLY ELI  CO | COM | 532457108 |  | 20853 | 57 | SH |  | DFND | 6 | 0 | 7 | 50 |
| LILLY ELI  CO | COM | 532457108 |  | 902161 | 2466 | SH |  | SOLE |  | 2300 | 0 | 166 |
| MAMMOTH ENERGY SVCS INC | COM | 56155L108 |  | 235202 | 27191 | SH |  | SOLE |  | 0 | 0 | 27191 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 54246 | 156 | SH |  | DFND | 3 | 0 | 47 | 109 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 236109 | 679 | SH |  | SOLE |  | 583 | 0 | 96 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7702 | 64 | SH |  | DFND | 36 | 0 | 64 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 230932 | 1919 | SH |  | SOLE |  | 1067 | 130 | 722 |
| MICROSOFT CORP | COM | 594918104 |  | 196892 | 821 | SH |  | DFND | 36 | 0 | 187 | 634 |
| MICROSOFT CORP | COM | 594918104 |  | 1641328 | 6844 | SH |  | SOLE |  | 5515 | 187 | 1142 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 589631 | 7053 | SH |  | SOLE |  | 6572 | 0 | 481 |
| OGE ENERGY CORP | COM | 670837103 |  | 201270 | 5089 | SH |  | SOLE |  | 4209 | 0 | 880 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 1570479 | 5061 | SH |  | SOLE |  | 0 | 0 | 5061 |
| PEPSICO INC | COM | 713448108 |  | 57450 | 318 | SH |  | DFND | 3 | 0 | 82 | 236 |
| PEPSICO INC | COM | 713448108 |  | 6717481 | 37183 | SH |  | SOLE |  | 10125 | 66 | 26992 |
| PFIZER INC | COM | 717081103 |  | 255073 | 4978 | SH |  | SOLE |  | 3418 | 0 | 1560 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 55463 | 548 | SH |  | DFND | 36 | 0 | 129 | 419 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 328933 | 3250 | SH |  | SOLE |  | 1250 | 0 | 2000 |
| PHILLIPS 66 | COM | 718546104 |  | 787157 | 7563 | SH |  | SOLE |  | 703 | 0 | 6860 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 27584 | 182 | SH |  | DFND | 3 | 0 | 21 | 161 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 886474 | 5849 | SH |  | SOLE |  | 3943 | 0 | 1906 |
| PURPLE INNOVATION INC | COM | 74640Y106 |  | 555784 | 116030 | SH |  | SOLE |  | 0 | 0 | 116030 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E105 |  | 31285 | 310 | SH |  | DFND | 6 | 0 | 32 | 278 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E105 |  | 697357 | 6910 | SH |  | SOLE |  | 5284 | 63 | 1563 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 2051451 | 25085 | SH |  | SOLE |  | 25085 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 1709 | 22 | SH |  | DFND | 3 | 0 | 0 | 22 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 6584202 | 84761 | SH |  | SOLE |  | 42829 | 7 | 41925 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 28165 | 322 | SH |  | DFND | 3 | 0 | 0 | 322 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 17105193 | 195555 | SH |  | SOLE |  | 92493 | 261 | 102801 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 34 | 1 | SH |  | DFND | 3 | 0 | 0 | 1 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 5675285 | 165944 | SH |  | SOLE |  | 91146 | 0 | 74798 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 5598 | 57 | SH |  | DFND | 3 | 0 | 0 | 57 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 18100925 | 184308 | SH |  | SOLE |  | 83466 | 70 | 100772 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 3182802 | 25577 | SH |  | SOLE |  | 4822 | 0 | 20755 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 7736114 | 56946 | SH |  | SOLE |  | 35358 | 0 | 21588 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 13436127 | 104027 | SH |  | SOLE |  | 56617 | 7 | 47403 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 3596064 | 51008 | SH |  | SOLE |  | 34568 | 130 | 16310 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 2544142 | 53014 | SH |  | SOLE |  | 14595 | 0 | 38419 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 627958 | 17004 | SH |  | SOLE |  | 890 | 0 | 16114 |
| SHOPIFY INC | CL A | 82509L107 |  | 555360 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 584735 | 1529 | SH |  | SOLE |  | 1449 | 0 | 80 |
| TESLA INC | NOTE 2.000% 5/1 | 88160RAG6 |  | 148611 | 25000 | PRN |  | SOLE |  | 25000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2491322 | 4524 | SH |  | SOLE |  | 1208 | 0 | 3316 |
| TRILOGY METALS INC NEW | COM | 89621C105 |  | 16500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 711195 | 2001 | SH |  | SOLE |  | 1 | 0 | 2000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 239111 | 451 | SH |  | DFND | 236 | 0 | 94 | 357 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 222145 | 419 | SH |  | SOLE |  | 0 | 51 | 368 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 3000597 | 59359 | SH |  | SOLE |  | 53399 | 0 | 5960 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 354818 | 4939 | SH |  | SOLE |  | 4042 | 0 | 897 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 4316 | 91 | SH |  | DFND | 3 | 0 | 50 | 41 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 12563769 | 264891 | SH |  | SOLE |  | 144706 | 0 | 120185 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2138958 | 6088 | SH |  | SOLE |  | 2949 | 0 | 3139 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 23126 | 126 | SH |  | DFND | 3 | 0 | 126 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 7501280 | 40870 | SH |  | SOLE |  | 26581 | 0 | 14289 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 378270 | 1775 | SH |  | SOLE |  | 1775 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 19738183 | 96846 | SH |  | SOLE |  | 69337 | 0 | 27509 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 4124 | 50 | SH |  | DFND | 3 | 0 | 50 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 4544483 | 55098 | SH |  | SOLE |  | 26957 | 0 | 28141 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 674136 | 3526 | SH |  | SOLE |  | 3434 | 0 | 92 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 25688 | 659 | SH |  | DFND | 3 | 0 | 659 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 17629212 | 452263 | SH |  | SOLE |  | 249476 | 0 | 202787 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 149486 | 1454 | SH |  | DFND | 3 | 0 | 0 | 1454 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 26504276 | 257799 | SH |  | SOLE |  | 131186 | 193 | 126420 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 13516192 | 289364 | SH |  | SOLE |  | 182452 | 0 | 106912 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 83341 | 1684 | SH |  | DFND | 3 | 0 | 1684 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 22202550 | 448627 | SH |  | SOLE |  | 223910 | 0 | 224717 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 26586 | 343 | SH |  | DFND | 3 | 0 | 343 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 10205354 | 131665 | SH |  | SOLE |  | 86413 | 0 | 45252 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 18635 | 444 | SH |  | DFND | 3 | 0 | 444 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 30208621 | 719767 | SH |  | SOLE |  | 421470 | 0 | 298297 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 9757 | 160 | SH |  | DFND | 3 | 0 | 160 | 0 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 2710866 | 44455 | SH |  | SOLE |  | 24602 | 0 | 19853 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 10035 | 122 | SH |  | DFND | 3 | 0 | 32 | 90 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 19231359 | 233816 | SH |  | SOLE |  | 131024 | 10 | 102782 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 29798078 | 93291 | SH |  | SOLE |  | 51997 | 25 | 41269 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 90017 | 411 | SH |  | DFND | 3 | 0 | 15 | 396 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 26097018 | 119154 | SH |  | SOLE |  | 63141 | 104 | 55909 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 |  | 4637595 | 25392 | SH |  | SOLE |  | 12099 | 0 | 13293 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 34674 | 181 | SH |  | DFND | 3 | 0 | 0 | 181 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 17971280 | 93811 | SH |  | SOLE |  | 37779 | 4 | 56028 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 3574 | 21 | SH |  | DFND | 3 | 0 | 21 | 0 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 4179091 | 24554 | SH |  | SOLE |  | 12335 | 50 | 12169 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 15307036 | 185024 | SH |  | SOLE |  | 108974 | 0 | 76050 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 407938 | 2660 | SH |  | SOLE |  | 2089 | 0 | 571 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 4468319 | 36843 | SH |  | SOLE |  | 23554 | 0 | 13289 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 20824542 | 83953 | SH |  | SOLE |  | 40299 | 0 | 43654 |
| VISA INC | COM CL A | 92826C839 |  | 101179 | 487 | SH |  | DFND | 36 | 0 | 89 | 398 |
| VISA INC | COM CL A | 92826C839 |  | 3273674 | 15757 | SH |  | SOLE |  | 5541 | 82 | 10134 |
| WILLIAMS COS INC | COM | 969457100 |  | 443525 | 13481 | SH |  | SOLE |  | 13481 | 0 | 0 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 7470 | 280 | SH |  | DFND | 3 | 0 | 0 | 280 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 14000198 | 524745 | SH |  | SOLE |  | 221236 | 0 | 303509 |
| YUM BRANDS INC | COM | 988498101 |  | 883496 | 6898 | SH |  | SOLE |  | 6898 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 9782 | 179 | SH |  | DFND | 5 | 0 | 0 | 179 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 369434 | 6760 | SH |  | SOLE |  | 6760 | 0 | 0 |

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