# EDGAR Filing Document

**Accession Number:** 0001818207
**File Stem:** 0001754960-26-000124
**Filing Date:** 2026-1
**Character Count:** 21272
**Document Hash:** fd0b17170c930d837270c5cccd36d716
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-26-000124.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001754960-26-000124

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**EFFECTIVENESS DATE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Horst & Graben Wealth Management LLC
- **CENTRAL INDEX KEY:** 0001818207

**ORGANIZATION NAME:**
- **EIN:** 825527227
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20308
- **FILM NUMBER:** 26563573

**BUSINESS ADDRESS:**
- **STREET 1:** 6600 SW 92ND AVE
- **STREET 2:** SUITE 210
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97223
- **BUSINESS PHONE:** 5033428900

**MAIL ADDRESS:**
- **STREET 1:** 6600 SW 92ND AVE
- **STREET 2:** SUITE 210
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97223

### 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:** Horst  Graben Wealth Management LLC<br>**Address:** 6600 SW 92ND AVE<br>SUITE 210<br>PORTLAND, OR 97223

**Form 13F File Number:** 028-20308

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:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

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

Aryn Sands  Reno, NV  01-27-2026<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:** 179

**Form 13F Information Table Value Total:** $662761551

      (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 |
| AT INC | COM | 00206R102 |  | 377432 | 15195 | SH |  | SOLE |  | 0 | 0 | 15195 |
| ABBVIE INC | COM | 00287Y109 |  | 304553 | 1333 | SH |  | SOLE |  | 0 | 0 | 1333 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 1444993 | 21363 | SH |  | SOLE |  | 0 | 0 | 21363 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 241677 | 1776 | SH |  | SOLE |  | 0 | 0 | 1776 |
| ALLSTATE CORP | COM | 020002101 |  | 226331 | 1087 | SH |  | SOLE |  | 0 | 0 | 1087 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 736640 | 2347 | SH |  | SOLE |  | 0 | 0 | 2347 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 680970 | 2176 | SH |  | SOLE |  | 0 | 0 | 2176 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 799200 | 13861 | SH |  | SOLE |  | 0 | 0 | 13861 |
| AMAZON COM INC | COM | 023135106 |  | 1594505 | 6908 | SH |  | SOLE |  | 0 | 0 | 6908 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 9503289 | 123350 | SH |  | SOLE |  | 0 | 0 | 123350 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 290715 | 786 | SH |  | SOLE |  | 0 | 0 | 786 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 590791 | 3365 | SH |  | SOLE |  | 0 | 0 | 3365 |
| AMGEN INC | COM | 031162100 |  | 233241 | 713 | SH |  | SOLE |  | 0 | 0 | 713 |
| APPLE INC | COM | 037833100 |  | 12340042 | 45390 | SH |  | SOLE |  | 0 | 0 | 45390 |
| APPLIED MATLS INC | COM | 038222105 |  | 328055 | 1277 | SH |  | SOLE |  | 0 | 0 | 1277 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 1509600 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1771339 | 3524 | SH |  | SOLE |  | 0 | 0 | 3524 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 17935777 | 339790 | SH |  | SOLE |  | 0 | 0 | 339790 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 44071874 | 724419 | SH |  | SOLE |  | 0 | 0 | 724419 |
| BLACKROCK ETF TRUST | ISHARES US CARBO | 09290C509 |  | 5159149 | 69633 | SH |  | SOLE |  | 0 | 0 | 69633 |
| BLACKROCK ETF TRUST | ISHARES WORLD EX | 09290C608 |  | 757617 | 13861 | SH |  | SOLE |  | 0 | 0 | 13861 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 14977566 | 449270 | SH |  | SOLE |  | 0 | 0 | 449270 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 14475013 | 375335 | SH |  | SOLE |  | 0 | 0 | 375335 |
| BONDBLOXX ETF TRUST | BLOOMBERG TEN YR | 09789C812 |  | 19415467 | 420045 | SH |  | SOLE |  | 0 | 0 | 420045 |
| BROADCOM INC | COM | 11135F101 |  | 1216292 | 3514 | SH |  | SOLE |  | 0 | 0 | 3514 |
| CATERPILLAR INC | COM | 149123101 |  | 1100706 | 1921 | SH |  | SOLE |  | 0 | 0 | 1921 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3220502 | 21131 | SH |  | SOLE |  | 0 | 0 | 21131 |
| CISCO SYS INC | COM | 17275R102 |  | 1508972 | 19589 | SH |  | SOLE |  | 0 | 0 | 19589 |
| COCA COLA CO | COM | 191216100 |  | 652529 | 9334 | SH |  | SOLE |  | 0 | 0 | 9334 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 258145 | 9236 | SH |  | SOLE |  | 0 | 0 | 9236 |
| COLUMBIA ETF TR I | MULTI SEC MUNI | 19761L607 |  | 260487 | 12639 | SH |  | SOLE |  | 0 | 0 | 12639 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 297814 | 2999 | SH |  | SOLE |  | 0 | 0 | 2999 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1573721 | 1825 | SH |  | SOLE |  | 0 | 0 | 1825 |
| CROWN CASTLE INC | COM | 22822V101 |  | 890955 | 10025 | SH |  | SOLE |  | 0 | 0 | 10025 |
| CUMMINS INC | COM | 231021106 |  | 820293 | 1607 | SH |  | SOLE |  | 0 | 0 | 1607 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1678799 | 10851 | SH |  | SOLE |  | 0 | 0 | 10851 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 289405 | 7310 | SH |  | SOLE |  | 0 | 0 | 7310 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 1181494 | 6632 | SH |  | SOLE |  | 0 | 0 | 6632 |
| EMERSON ELEC CO | COM | 291011104 |  | 215403 | 1623 | SH |  | SOLE |  | 0 | 0 | 1623 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 842578 | 3220 | SH |  | SOLE |  | 0 | 0 | 3220 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 351180 | 2697 | SH |  | SOLE |  | 0 | 0 | 2697 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 483952 | 4022 | SH |  | SOLE |  | 0 | 0 | 4022 |
| META PLATFORMS INC | CL A | 30303M102 |  | 597004 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 232932 | 1037 | SH |  | SOLE |  | 0 | 0 | 1037 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 336917109 |  | 206730 | 4662 | SH |  | SOLE |  | 0 | 0 | 4662 |
| FIRST TR EXCHANGE-TRADED FD | SSI STRG ETF | 33739Q507 |  | 365063 | 8483 | SH |  | SOLE |  | 0 | 0 | 8483 |
| FRANKLIN TEMPLETON HOLDINGS | RESPBLY SRCD GLD | 35473M105 |  | 774835 | 13452 | SH |  | SOLE |  | 0 | 0 | 13452 |
| GE VERNOVA INC | COM | 36828A101 |  | 211103 | 323 | SH |  | SOLE |  | 0 | 0 | 323 |
| GE AEROSPACE | COM NEW | 369604301 |  | 378877 | 1230 | SH |  | SOLE |  | 0 | 0 | 1230 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 279376 | 2276 | SH |  | SOLE |  | 0 | 0 | 2276 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 5753611 | 88780 | SH |  | SOLE |  | 0 | 0 | 88780 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1075062 | 1223 | SH |  | SOLE |  | 0 | 0 | 1223 |
| GOLDMAN SACHS PHYSICAL GOLD | UNIT | 38150K103 |  | 695778 | 16336 | SH |  | SOLE |  | 0 | 0 | 16336 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 |  | 1222119 | 38884 | SH |  | SOLE |  | 0 | 0 | 38884 |
| HOME DEPOT INC | COM | 437076102 |  | 235839 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 236078 | 958 | SH |  | SOLE |  | 0 | 0 | 958 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 253044 | 854 | SH |  | SOLE |  | 0 | 0 | 854 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 977980 | 1592 | SH |  | SOLE |  | 0 | 0 | 1592 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 25021037 | 421968 | SH |  | SOLE |  | 0 | 0 | 421968 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 12106544 | 101438 | SH |  | SOLE |  | 0 | 0 | 101438 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 4505260 | 55489 | SH |  | SOLE |  | 0 | 0 | 55489 |
| ISHARES INC | MSCI WORLD ETF | 464286392 |  | 299850 | 1614 | SH |  | SOLE |  | 0 | 0 | 1614 |
| ISHARES TR | S 100 ETF | 464287101 |  | 8513887 | 24815 | SH |  | SOLE |  | 0 | 0 | 24815 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 1950426 | 18747 | SH |  | SOLE |  | 0 | 0 | 18747 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1215987 | 8178 | SH |  | SOLE |  | 0 | 0 | 8178 |
| ISHARES TR | CORE S ETF | 464287200 |  | 12573722 | 18357 | SH |  | SOLE |  | 0 | 0 | 18357 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 546677 | 9992 | SH |  | SOLE |  | 0 | 0 | 9992 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 375858 | 3411 | SH |  | SOLE |  | 0 | 0 | 3411 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 31096497 | 252079 | SH |  | SOLE |  | 0 | 0 | 252079 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 31853029 | 150083 | SH |  | SOLE |  | 0 | 0 | 150083 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 11554391 | 132485 | SH |  | SOLE |  | 0 | 0 | 132485 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 267902 | 2785 | SH |  | SOLE |  | 0 | 0 | 2785 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 1925720 | 13653 | SH |  | SOLE |  | 0 | 0 | 13653 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 2247967 | 16416 | SH |  | SOLE |  | 0 | 0 | 16416 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 728934 | 5644 | SH |  | SOLE |  | 0 | 0 | 5644 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 286508 | 1362 | SH |  | SOLE |  | 0 | 0 | 1362 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 583934 | 1234 | SH |  | SOLE |  | 0 | 0 | 1234 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 2215167 | 5932 | SH |  | SOLE |  | 0 | 0 | 5932 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 265177 | 1579 | SH |  | SOLE |  | 0 | 0 | 1579 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 3682714 | 18443 | SH |  | SOLE |  | 0 | 0 | 18443 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 271223 | 2257 | SH |  | SOLE |  | 0 | 0 | 2257 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 745888 | 10873 | SH |  | SOLE |  | 0 | 0 | 10873 |
| ISHARES TR | MORNINGSTAR VALU | 464288109 |  | 1127979 | 11954 | SH |  | SOLE |  | 0 | 0 | 11954 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 342000 | 3205 | SH |  | SOLE |  | 0 | 0 | 3205 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 5663634 | 58819 | SH |  | SOLE |  | 0 | 0 | 58819 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 350168 | 3269 | SH |  | SOLE |  | 0 | 0 | 3269 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 298573 | 3703 | SH |  | SOLE |  | 0 | 0 | 3703 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 3785248 | 29382 | SH |  | SOLE |  | 0 | 0 | 29382 |
| ISHARES TR | MBS ETF | 464288588 |  | 21620633 | 226970 | SH |  | SOLE |  | 0 | 0 | 226970 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 2375698 | 23340 | SH |  | SOLE |  | 0 | 0 | 23340 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 24373279 | 341264 | SH |  | SOLE |  | 0 | 0 | 341264 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 1690825 | 14842 | SH |  | SOLE |  | 0 | 0 | 14842 |
| ISHARES TR | RUS TP200 VL ETF | 464289420 |  | 12215477 | 132912 | SH |  | SOLE |  | 0 | 0 | 132912 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 15935548 | 57523 | SH |  | SOLE |  | 0 | 0 | 57523 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 2108972 | 91579 | SH |  | SOLE |  | 0 | 0 | 91579 |
| ISHARES TR | GNMA BOND ETF | 46429B333 |  | 1158263 | 26005 | SH |  | SOLE |  | 0 | 0 | 26005 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 228993 | 2432 | SH |  | SOLE |  | 0 | 0 | 2432 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 22558801 | 113548 | SH |  | SOLE |  | 0 | 0 | 113548 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 3595455 | 14364 | SH |  | SOLE |  | 0 | 0 | 14364 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 21883644 | 325427 | SH |  | SOLE |  | 0 | 0 | 325427 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 1752911 | 24118 | SH |  | SOLE |  | 0 | 0 | 24118 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 1810885 | 40998 | SH |  | SOLE |  | 0 | 0 | 40998 |
| ISHARES INC | EMNG MKTS EQT | 46434G889 |  | 1340442 | 23171 | SH |  | SOLE |  | 0 | 0 | 23171 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 26066152 | 560025 | SH |  | SOLE |  | 0 | 0 | 560025 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 209481 | 5065 | SH |  | SOLE |  | 0 | 0 | 5065 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 1663226 | 16886 | SH |  | SOLE |  | 0 | 0 | 16886 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 4702597 | 201097 | SH |  | SOLE |  | 0 | 0 | 201097 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 1590832 | 41809 | SH |  | SOLE |  | 0 | 0 | 41809 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 4992425 | 33722 | SH |  | SOLE |  | 0 | 0 | 33722 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 878755 | 9241 | SH |  | SOLE |  | 0 | 0 | 9241 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 9270265 | 185361 | SH |  | SOLE |  | 0 | 0 | 185361 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 |  | 260965 | 2152 | SH |  | SOLE |  | 0 | 0 | 2152 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 4070000 | 85057 | SH |  | SOLE |  | 0 | 0 | 85057 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 329907 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| ISHARES TR | SYSTEMATIC BD ET | 46435U796 |  | 2326848 | 25922 | SH |  | SOLE |  | 0 | 0 | 25922 |
| ISHARES TR | ESG AWR MSCI USA | 46436E221 |  | 1258211 | 39270 | SH |  | SOLE |  | 0 | 0 | 39270 |
| ISHARES TR | ESG SELECT SCRE | 46436E569 |  | 207427 | 3936 | SH |  | SOLE |  | 0 | 0 | 3936 |
| ISHARES TR | ESG ADVANCED UNI | 46436E619 |  | 915531 | 20850 | SH |  | SOLE |  | 0 | 0 | 20850 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 2506043 | 43523 | SH |  | SOLE |  | 0 | 0 | 43523 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 859714 | 2674 | SH |  | SOLE |  | 0 | 0 | 2674 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 879186 | 4248 | SH |  | SOLE |  | 0 | 0 | 4248 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 201971 | 994 | SH |  | SOLE |  | 0 | 0 | 994 |
| ELI LILLY  CO | COM | 532457108 |  | 542843 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| MARKEL GROUP INC | COM | 570535104 |  | 1459612 | 679 | SH |  | SOLE |  | 0 | 0 | 679 |
| MERCK  CO INC | COM | 58933Y105 |  | 250055 | 2376 | SH |  | SOLE |  | 0 | 0 | 2376 |
| MICROSOFT CORP | COM | 594918104 |  | 3271783 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 287179 | 1006 | SH |  | SOLE |  | 0 | 0 | 1006 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 947554 | 6821 | SH |  | SOLE |  | 0 | 0 | 6821 |
| NEXPOINT RESIDENTIAL TR INC | COM | 65341D102 |  | 487235 | 16187 | SH |  | SOLE |  | 0 | 0 | 16187 |
| NIKE INC | CL B | 654106103 |  | 3055961 | 47964 | SH |  | SOLE |  | 0 | 0 | 47964 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 200314 | 694 | SH |  | SOLE |  | 0 | 0 | 694 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5219309 | 27986 | SH |  | SOLE |  | 0 | 0 | 27986 |
| ONEOK INC NEW | COM | 682680103 |  | 680862 | 9263 | SH |  | SOLE |  | 0 | 0 | 9263 |
| ORACLE CORP | COM | 68389X105 |  | 1369399 | 7026 | SH |  | SOLE |  | 0 | 0 | 7026 |
| PACCAR INC | COM | 693718108 |  | 291558 | 2662 | SH |  | SOLE |  | 0 | 0 | 2662 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 220119 | 1195 | SH |  | SOLE |  | 0 | 0 | 1195 |
| PEPSICO INC | COM | 713448108 |  | 304741 | 2123 | SH |  | SOLE |  | 0 | 0 | 2123 |
| PFIZER INC | COM | 717081103 |  | 331205 | 13301 | SH |  | SOLE |  | 0 | 0 | 13301 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 739759 | 4612 | SH |  | SOLE |  | 0 | 0 | 4612 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2269783 | 15838 | SH |  | SOLE |  | 0 | 0 | 15838 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 527099 | 2031 | SH |  | SOLE |  | 0 | 0 | 2031 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 384837 | 9939 | SH |  | SOLE |  | 0 | 0 | 9939 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 310068 | 1603 | SH |  | SOLE |  | 0 | 0 | 1603 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 391158 | 987 | SH |  | SOLE |  | 0 | 0 | 987 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 857926 | 9618 | SH |  | SOLE |  | 0 | 0 | 9618 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 589769 | 4238 | SH |  | SOLE |  | 0 | 0 | 4238 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A805 |  | 443852 | 5380 | SH |  | SOLE |  | 0 | 0 | 5380 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 34026469 | 423839 | SH |  | SOLE |  | 0 | 0 | 423839 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R796 |  | 421766 | 7506 | SH |  | SOLE |  | 0 | 0 | 7506 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 910410 | 33832 | SH |  | SOLE |  | 0 | 0 | 33832 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 237658 | 7903 | SH |  | SOLE |  | 0 | 0 | 7903 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 32469280 | 1389168 | SH |  | SOLE |  | 0 | 0 | 1389168 |
| SERVICE CORP INTL | COM | 817565104 |  | 221381 | 2839 | SH |  | SOLE |  | 0 | 0 | 2839 |
| SERVICENOW INC | COM | 81762P102 |  | 1134372 | 7405 | SH |  | SOLE |  | 0 | 0 | 7405 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 853463 | 5302 | SH |  | SOLE |  | 0 | 0 | 5302 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 251664 | 6089 | SH |  | SOLE |  | 0 | 0 | 6089 |
| STARBUCKS CORP | COM | 855244109 |  | 544729 | 6469 | SH |  | SOLE |  | 0 | 0 | 6469 |
| TERRENO RLTY CORP | COM | 88146M101 |  | 772891 | 13165 | SH |  | SOLE |  | 0 | 0 | 13165 |
| TESLA INC | COM | 88160R101 |  | 945395 | 2102 | SH |  | SOLE |  | 0 | 0 | 2102 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 463389 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| US BANCORP DEL | COM NEW | 902973304 |  | 381162 | 7143 | SH |  | SOLE |  | 0 | 0 | 7143 |
| UBIQUITI INC | COM | 90353W103 |  | 223870 | 405 | SH |  | SOLE |  | 0 | 0 | 405 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1318517 | 13293 | SH |  | SOLE |  | 0 | 0 | 13293 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1671596 | 7606 | SH |  | SOLE |  | 0 | 0 | 7606 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 254753 | 3271 | SH |  | SOLE |  | 0 | 0 | 3271 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 530742 | 7871 | SH |  | SOLE |  | 0 | 0 | 7871 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 1364847 | 28156 | SH |  | SOLE |  | 0 | 0 | 28156 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 255800 | 2101 | SH |  | SOLE |  | 0 | 0 | 2101 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 203776 | 962 | SH |  | SOLE |  | 0 | 0 | 962 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 752943 | 2594 | SH |  | SOLE |  | 0 | 0 | 2594 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 310289 | 986 | SH |  | SOLE |  | 0 | 0 | 986 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 215264 | 1127 | SH |  | SOLE |  | 0 | 0 | 1127 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 452665 | 1755 | SH |  | SOLE |  | 0 | 0 | 1755 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 439191 | 1310 | SH |  | SOLE |  | 0 | 0 | 1310 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 214990 | 5278 | SH |  | SOLE |  | 0 | 0 | 5278 |
| VISA INC | COM CL A | 92826C839 |  | 376428 | 1073 | SH |  | SOLE |  | 0 | 0 | 1073 |
| WALMART INC | COM | 931142103 |  | 569762 | 5114 | SH |  | SOLE |  | 0 | 0 | 5114 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 298310 | 3201 | SH |  | SOLE |  | 0 | 0 | 3201 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 9894042 | 115886 | SH |  | SOLE |  | 0 | 0 | 115886 |

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