# EDGAR Filing Document

**Accession Number:** 0001730578
**File Stem:** 0001730578-25-000003
**Filing Date:** 2025-10
**Character Count:** 18268
**Document Hash:** f1f01583ea02733f10e233db19031244
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001730578-25-000003.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001730578-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**EFFECTIVENESS DATE**: 20251030

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vanguard Capital Wealth Advisors
- **CENTRAL INDEX KEY:** 0001730578

**ORGANIZATION NAME:**
- **EIN:** 813153750
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18625
- **FILM NUMBER:** 251435114

**BUSINESS ADDRESS:**
- **STREET 1:** 999 18TH STREET UNIT 3000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 844-861-7504

**MAIL ADDRESS:**
- **STREET 1:** 999 18TH STREET UNIT 3000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Vanguard Capital Wealth Advisors<br>**Address:** 999 18TH STREET UNIT 3000<br>DENVER, CO 80202

**Form 13F File Number:** 028-18625

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:** Vincent Polivka<br>**Title:** Managing Partner/CCO<br>**Phone:** 844-861-7504

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

/s/Vincent Polivka  Denver, CO  10-30-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 134

**Form 13F Information Table Value Total:** $125057914

      (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 |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 769168 | 4957 | SH |  | SOLE |  | 0 | 0 | 4957 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 955711 | 4128 | SH |  | SOLE |  | 0 | 0 | 4128 |
| ABRDN EMERGING MARKETS EX CH | COM | 00301W105 | BBG001S5QCR1 | 4192463 | 646985 | SH |  | SOLE |  | 0 | 0 | 646985 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 | BBG001T6GDY9 | 871711 | 6101 | SH |  | SOLE |  | 0 | 0 | 6101 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 | BBG001SS0YX4 | 310641 | 32837 | SH |  | SOLE |  | 0 | 0 | 32837 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 218417 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| ADVENT CONV  INCOME FD | COM | 00764C109 | BBG001SJLCH7 | 259483 | 20288 | SH |  | SOLE |  | 0 | 0 | 20288 |
| ADVISORSHARES TR | RANGER EQUITY BE | 00768Y412 | BBG001V08HN1 | 1990604 | 121453 | SH |  | SOLE |  | 0 | 0 | 121453 |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 176220 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 428952 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| ALLIANCEBERNSTEIN GLOBAL HIG | COM | 01879R106 | BBG001S6LJ53 | 504450 | 45000 | SH |  | SOLE |  | 0 | 0 | 45000 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1162747 | 4783 | SH |  | SOLE |  | 0 | 0 | 4783 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 4078004 | 16744 | SH |  | SOLE |  | 0 | 0 | 16744 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 222038 | 3361 | SH |  | SOLE |  | 0 | 0 | 3361 |
| AMAZE HOLDINGS INC | COM | 35804X200 | BBG013N9RPD8 | 32460 | 13696 | SH |  | SOLE |  | 0 | 0 | 13696 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 6317468 | 28772 | SH |  | SOLE |  | 0 | 0 | 28772 |
| AMERESCO INC | CL A | 02361E108 | BBG001S6P9W1 | 503700 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 853875 | 6900 | SH |  | SOLE |  | 0 | 0 | 6900 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 14111432 | 55420 | SH |  | SOLE |  | 0 | 0 | 55420 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 583509 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 | BBG001SGT8G5 | 389220 | 11285 | SH |  | SOLE |  | 0 | 0 | 11285 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | BBG00GBVBK60 | 521304 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 300800 | 235 | SH |  | SOLE |  | 0 | 0 | 235 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 1525121 | 29562 | SH |  | SOLE |  | 0 | 0 | 29562 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 | BBG00JQ5JX14 | 1217403 | 36713 | SH |  | SOLE |  | 0 | 0 | 36713 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 402252 | 12275 | SH |  | SOLE |  | 0 | 0 | 12275 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 966769 | 1923 | SH |  | SOLE |  | 0 | 0 | 1923 |
| BLACKROCK ENHANCED LARGE CAP | COM | 09256A109 | BBG001SJTK18 | 276000 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 415678 | 2433 | SH |  | SOLE |  | 0 | 0 | 2433 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 1717144 | 7956 | SH |  | SOLE |  | 0 | 0 | 7956 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 300859 | 6671 | SH |  | SOLE |  | 0 | 0 | 6671 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2993230 | 9073 | SH |  | SOLE |  | 0 | 0 | 9073 |
| CAMBRIA ETF TR | GLOBAL VALUE ETF | 132061409 | BBG0064MXCT9 | 262041 | 8965 | SH |  | SOLE |  | 0 | 0 | 8965 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 1659925 | 19794 | SH |  | SOLE |  | 0 | 0 | 19794 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1707335 | 3578 | SH |  | SOLE |  | 0 | 0 | 3578 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 319587 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 246897 | 6300 | SH |  | SOLE |  | 0 | 0 | 6300 |
| CIA ENERGETICA DE MINAS GERA | SP ADR N-V PFD | 204409601 | BBG001S64WN3 | 74483 | 35300 | SH |  | SOLE |  | 0 | 0 | 35300 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 327878 | 3230 | SH |  | SOLE |  | 0 | 0 | 3230 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 | BBG001SG5559 | 303021 | 24300 | SH |  | SOLE |  | 0 | 0 | 24300 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 353282 | 13725 | SH |  | SOLE |  | 0 | 0 | 13725 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 501327 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 418832 | 3110 | SH |  | SOLE |  | 0 | 0 | 3110 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 745834 | 5450 | SH |  | SOLE |  | 0 | 0 | 5450 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 235426 | 254 | SH |  | SOLE |  | 0 | 0 | 254 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 | BBG006Q52QW1 | 217418 | 450 | SH |  | SOLE |  | 0 | 0 | 450 |
| DECKERS OUTDOOR CORP | COM | 243537107 | BBG001S7GXB9 | 364932 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZT0 | 255186 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 273527 | 2389 | SH |  | SOLE |  | 0 | 0 | 2389 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 691221 | 11300 | SH |  | SOLE |  | 0 | 0 | 11300 |
| DOORDASH INC | CL A | 25809K105 | BBG005D7QCK1 | 271990 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 224550 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 | BBG001SKX9R7 | 189800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 522655 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 171772 | 10010 | SH |  | SOLE |  | 0 | 0 | 10010 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 494071 | 4382 | SH |  | SOLE |  | 0 | 0 | 4382 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 517704 | 13200 | SH |  | SOLE |  | 0 | 0 | 13200 |
| GAMCO GLOBAL GOLD NAT RES | COM SH BEN INT | 36465A109 | BBG001SMK666 | 129364 | 25094 | SH |  | SOLE |  | 0 | 0 | 25094 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 209368 | 1886 | SH |  | SOLE |  | 0 | 0 | 1886 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 | BBG001SSPRJ8 | 1065410 | 14874 | SH |  | SOLE |  | 0 | 0 | 14874 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 | BBG00MVW9603 | 393930 | 23159 | SH |  | SOLE |  | 0 | 0 | 23159 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 219294 | 275 | SH |  | SOLE |  | 0 | 0 | 275 |
| GRAYSCALE ETHEREUM TRUST ETF | SHS | 389638107 | BBG00P5NVDH7 | 293009 | 8550 | SH |  | SOLE |  | 0 | 0 | 8550 |
| HANCOCK JOHN PFD INCOME FD I | COM | 41013X106 | BBG001SGPCF1 | 323520 | 19200 | SH |  | SOLE |  | 0 | 0 | 19200 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 222855 | 550 | SH |  | SOLE |  | 0 | 0 | 550 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 316386 | 1503 | SH |  | SOLE |  | 0 | 0 | 1503 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 283484 | 2145 | SH |  | SOLE |  | 0 | 0 | 2145 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 647146 | 19289 | SH |  | SOLE |  | 0 | 0 | 19289 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 270874 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| INVESCO CALIF VALUE MUN INCO | COM | 46132H106 | BBG001S6XHW4 | 211800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 459283 | 765 | SH |  | SOLE |  | 0 | 0 | 765 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 1870335 | 25702 | SH |  | SOLE |  | 0 | 0 | 25702 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 3361466 | 79336 | SH |  | SOLE |  | 0 | 0 | 79336 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 | BBG001S8MLN3 | 347285 | 3886 | SH |  | SOLE |  | 0 | 0 | 3886 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 456063 | 4728 | SH |  | SOLE |  | 0 | 0 | 4728 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 1370205 | 14675 | SH |  | SOLE |  | 0 | 0 | 14675 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 228623 | 1233 | SH |  | SOLE |  | 0 | 0 | 1233 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 690152 | 2188 | SH |  | SOLE |  | 0 | 0 | 2188 |
| KB HOME | COM | 48666K109 | BBG001S5SJV9 | 328764 | 5166 | SH |  | SOLE |  | 0 | 0 | 5166 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 203548 | 7190 | SH |  | SOLE |  | 0 | 0 | 7190 |
| KKR INCOME OPPORTUNITIES FD | COM | 48249T106 | BBG004NRD5Z2 | 378000 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| KOREA ELEC PWR CORP | SPONSORED ADR | 500631106 | BBG001S6BF52 | 157253 | 12050 | SH |  | SOLE |  | 0 | 0 | 12050 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 | BBG01JLDH8P2 | 64066 | 11220 | SH |  | SOLE |  | 0 | 0 | 11220 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 341658 | 1773 | SH |  | SOLE |  | 0 | 0 | 1773 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 | BBG001V0GHW2 | 266706 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 207654 | 365 | SH |  | SOLE |  | 0 | 0 | 365 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 988781 | 3254 | SH |  | SOLE |  | 0 | 0 | 3254 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 2822281 | 3843 | SH |  | SOLE |  | 0 | 0 | 3843 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 | BBG001S6BYT5 | 765986 | 22100 | SH |  | SOLE |  | 0 | 0 | 22100 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 2108232 | 12600 | SH |  | SOLE |  | 0 | 0 | 12600 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1679211 | 3242 | SH |  | SOLE |  | 0 | 0 | 3242 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 | BBG001SMCTP4 | 124238 | 18543 | SH |  | SOLE |  | 0 | 0 | 18543 |
| MOBIX LABS INC | *W EXP 99/99/999 | 60743G118 |  | 1800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| MOBIX LABS INC | COM CL A | 60743G100 | BBG011MS0P59 | 1071078 | 1328716 | SH |  | SOLE |  | 0 | 0 | 1328716 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 2155657 | 13561 | SH |  | SOLE |  | 0 | 0 | 13561 |
| MP MATERIALS CORP | COM CL A | 553368101 | BBG00TJGL0T5 | 700949 | 10451 | SH |  | SOLE |  | 0 | 0 | 10451 |
| NAUTILUS BIOTECHNOLOGY INC | COM | 63909J108 | BBG00W7G4MV9 | 11406 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1019082 | 850 | SH |  | SOLE |  | 0 | 0 | 850 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 | BBG001SCKPS2 | 785697 | 31900 | SH |  | SOLE |  | 0 | 0 | 31900 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 275716 | 2150 | SH |  | SOLE |  | 0 | 0 | 2150 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 9475350 | 50784 | SH |  | SOLE |  | 0 | 0 | 50784 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 633634 | 2253 | SH |  | SOLE |  | 0 | 0 | 2253 |
| PACER FDS TR | DEVELOPED MRKT | 69374H873 | BBG00GXXTL16 | 342925 | 9416 | SH |  | SOLE |  | 0 | 0 | 9416 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 1575001 | 7735 | SH |  | SOLE |  | 0 | 0 | 7735 |
| PAN AMERN SILVER CORP | COM | 697900108 | BBG001S5ZXR5 | 268244 | 6926 | SH |  | SOLE |  | 0 | 0 | 6926 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 278369 | 10925 | SH |  | SOLE |  | 0 | 0 | 10925 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 564551 | 3480 | SH |  | SOLE |  | 0 | 0 | 3480 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 1046713 | 7695 | SH |  | SOLE |  | 0 | 0 | 7695 |
| PIMCO ETF TR | 15+ YR US TIPS | 72201R304 | BBG001T5HFW7 | 512039 | 9611 | SH |  | SOLE |  | 0 | 0 | 9611 |
| PIMCO INCOME STRATEGY FD II | COM | 72201J104 | BBG001S9L7C5 | 227700 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 593924 | 3866 | SH |  | SOLE |  | 0 | 0 | 3866 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 316084 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 512113 | 14900 | SH |  | SOLE |  | 0 | 0 | 14900 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US B | 808524789 | BBG0051GPYJ9 | 510731 | 19842 | SH |  | SOLE |  | 0 | 0 | 19842 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 567424 | 22071 | SH |  | SOLE |  | 0 | 0 | 22071 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 998208 | 36565 | SH |  | SOLE |  | 0 | 0 | 36565 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 592678 | 18574 | SH |  | SOLE |  | 0 | 0 | 18574 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 1238148 | 42533 | SH |  | SOLE |  | 0 | 0 | 42533 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 1425344 | 54114 | SH |  | SOLE |  | 0 | 0 | 54114 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 | BBG00RRGP4W4 | 265972 | 23663 | SH |  | SOLE |  | 0 | 0 | 23663 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 459268 | 1292 | SH |  | SOLE |  | 0 | 0 | 1292 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | BBG00658F3Q2 | 245842 | 3460 | SH |  | SOLE |  | 0 | 0 | 3460 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1391974 | 3130 | SH |  | SOLE |  | 0 | 0 | 3130 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 5074973 | 5316 | SH |  | SOLE |  | 0 | 0 | 5316 |
| UNITED STS NAT GAS FD LP | UNIT PAR | 912318409 | BBG001ST67S1 | 437845 | 33500 | SH |  | SOLE |  | 0 | 0 | 33500 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 713753 | 2067 | SH |  | SOLE |  | 0 | 0 | 2067 |
| URANIUM ENERGY CORP | COM | 916896103 | BBG001SK6158 | 580290 | 43500 | SH |  | SOLE |  | 0 | 0 | 43500 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 377126 | 2215 | SH |  | SOLE |  | 0 | 0 | 2215 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 1798074 | 23535 | SH |  | SOLE |  | 0 | 0 | 23535 |
| VERITONE INC | COM | 92347M100 | BBG007NJLS48 | 310167 | 64350 | SH |  | SOLE |  | 0 | 0 | 64350 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 283898 | 6460 | SH |  | SOLE |  | 0 | 0 | 6460 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 207569 | 530 | SH |  | SOLE |  | 0 | 0 | 530 |
| VIRTUS DIVIDEND INTEREST  P | COM | 92840R101 | BBG001SNN4Q4 | 160450 | 12333 | SH |  | SOLE |  | 0 | 0 | 12333 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 324391 | 950 | SH |  | SOLE |  | 0 | 0 | 950 |

---