# EDGAR Filing Document

**Accession Number:** 0002110679
**File Stem:** 0001986152-26-000034
**Filing Date:** 2026-2
**Character Count:** 20450
**Document Hash:** b6f203784d2833a487364691fd7413cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001986152-26-000034.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001986152-26-000034

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Excelsior Advisor Network LLC
- **CENTRAL INDEX KEY:** 0002110679

**ORGANIZATION NAME:**
- **EIN:** 932820630
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26356
- **FILM NUMBER:** 26631108

**BUSINESS ADDRESS:**
- **STREET 1:** 393 MADISON STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-351-6436

**MAIL ADDRESS:**
- **STREET 1:** 14624 SCOTTSDALE ROAD
- **STREET 2:** SUITE 240
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85254

### 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:** Excelsior Advisor Network LLC<br>**Address:** 14624 SCOTTSDALE ROAD<br>SUITE 240<br>SCOTTSDALE, AZ 85254

**Form 13F File Number:** 028-26356

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:** Tammi Ellis<br>**Title:** Compliance Consultant<br>**Phone:** 7204145177

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

Tammi Ellis  Broomfield, CO  02-13-2026<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:** 168

**Form 13F Information Table Value Total:** $205650782

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 291675 | 2328 | SH |  | SOLE | 0 | 0 | 0 | 2328 |
| ABBVIE INC | COM | 00287Y109 |  | 774810 | 3391 | SH |  | SOLE | 0 | 0 | 0 | 3391 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 873853 | 3257 | SH |  | SOLE | 0 | 0 | 0 | 3257 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 644622 | 3010 | SH |  | SOLE | 0 | 0 | 0 | 3010 |
| AFLAC INC | COM | 001055102 |  | 307764 | 2791 | SH |  | SOLE | 0 | 0 | 0 | 2791 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1377530 | 4401 | SH |  | SOLE | 0 | 0 | 0 | 4401 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 964307 | 3073 | SH |  | SOLE | 0 | 0 | 0 | 3073 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 384304 | 6665 | SH |  | SOLE | 0 | 0 | 0 | 6665 |
| AMAZON COM INC | COM | 023135106 |  | 3115147 | 13496 | SH |  | SOLE | 0 | 0 | 0 | 13496 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 502175 | 4355 | SH |  | SOLE | 0 | 0 | 0 | 4355 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 266734 | 721 | SH |  | SOLE | 0 | 0 | 0 | 721 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 235144 | 1740 | SH |  | SOLE | 0 | 0 | 0 | 1740 |
| ANGEL OAK FUNDS TRUST | INCOME ETF | 03463K760 |  | 401932 | 19300 | SH |  | SOLE | 0 | 0 | 0 | 19300 |
| APPLE INC | COM | 037833100 |  | 6196777 | 22794 | SH |  | SOLE | 0 | 0 | 0 | 22794 |
| APPLIED MATLS INC | COM | 038222105 |  | 226922 | 883 | SH |  | SOLE | 0 | 0 | 0 | 883 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 213972 | 200 | SH |  | SOLE | 0 | 0 | 0 | 200 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 681516 | 1200 | SH |  | SOLE | 0 | 0 | 0 | 1200 |
| BANK AMERICA CORP | COM | 060505104 |  | 1636521 | 29755 | SH |  | SOLE | 0 | 0 | 0 | 29755 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 972628 | 1935 | SH |  | SOLE | 0 | 0 | 0 | 1935 |
| BLACKSTONE INC | COM | 09260D107 |  | 201307 | 1306 | SH |  | SOLE | 0 | 0 | 0 | 1306 |
| BOEING CO | COM | 097023105 |  | 387559 | 1785 | SH |  | SOLE | 0 | 0 | 0 | 1785 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 209018 | 3875 | SH |  | SOLE | 0 | 0 | 0 | 3875 |
| BROADCOM INC | COM | 11135F101 |  | 367283 | 1061 | SH |  | SOLE | 0 | 0 | 0 | 1061 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 430317 | 2094 | SH |  | SOLE | 0 | 0 | 0 | 2094 |
| CATERPILLAR INC | COM | 149123101 |  | 791133 | 1381 | SH |  | SOLE | 0 | 0 | 0 | 1381 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 685419 | 3526 | SH |  | SOLE | 0 | 0 | 0 | 3526 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2559996 | 16797 | SH |  | SOLE | 0 | 0 | 0 | 16797 |
| CHUBB LIMITED | COM | H1467J104 |  | 213802 | 685 | SH |  | SOLE | 0 | 0 | 0 | 685 |
| CISCO SYS INC | COM | 17275R102 |  | 1139736 | 14796 | SH |  | SOLE | 0 | 0 | 0 | 14796 |
| CITIGROUP INC | COM NEW | 172967424 |  | 291025 | 2494 | SH |  | SOLE | 0 | 0 | 0 | 2494 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 167992 | 16600 | SH |  | SOLE | 0 | 0 | 0 | 16600 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 456019 | 4201 | SH |  | SOLE | 0 | 0 | 0 | 4201 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1284887 | 1490 | SH |  | SOLE | 0 | 0 | 0 | 1490 |
| DAVIS FUNDAMENTAL ETF TR | SELCT INTL ETF | 23908L405 |  | 533634 | 18724 | SH |  | SOLE | 0 | 0 | 0 | 18724 |
| DEERE  CO | COM | 244199105 |  | 351971 | 756 | SH |  | SOLE | 0 | 0 | 0 | 756 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 5788741 | 146217 | SH |  | SOLE | 0 | 0 | 0 | 146217 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 1331091 | 35001 | SH |  | SOLE | 0 | 0 | 0 | 35001 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 1268638 | 38572 | SH |  | SOLE | 0 | 0 | 0 | 38572 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 |  | 471557 | 14892 | SH |  | SOLE | 0 | 0 | 0 | 14892 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 546860 | 14391 | SH |  | SOLE | 0 | 0 | 0 | 14391 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 1381715 | 40096 | SH |  | SOLE | 0 | 0 | 0 | 40096 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 276568 | 8197 | SH |  | SOLE | 0 | 0 | 0 | 8197 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 441587 | 13349 | SH |  | SOLE | 0 | 0 | 0 | 13349 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS HI | 25434V757 |  | 276415 | 8571 | SH |  | SOLE | 0 | 0 | 0 | 8571 |
| DIMENSIONAL ETF TRUST | GLOBAL CORE PLUS | 25434V583 |  | 1194136 | 22085 | SH |  | SOLE | 0 | 0 | 0 | 22085 |
| DIMENSIONAL ETF TRUST | GLOBAL CR ETF | 25434V567 |  | 1349000 | 24872 | SH |  | SOLE | 0 | 0 | 0 | 24872 |
| DIREXION SHS ETF TR | DRX S | 25459W862 |  | 606678 | 2750 | SH |  | SOLE | 0 | 0 | 0 | 2750 |
| DISNEY WALT CO | COM | 254687106 |  | 210133 | 1847 | SH |  | SOLE | 0 | 0 | 0 | 1847 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 203321 | 2385 | SH |  | SOLE | 0 | 0 | 0 | 2385 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 211277 | 1034 | SH |  | SOLE | 0 | 0 | 0 | 1034 |
| ELI LILLY  CO | COM | 532457108 |  | 1173551 | 1092 | SH |  | SOLE | 0 | 0 | 0 | 1092 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3276858 | 27230 | SH |  | SOLE | 0 | 0 | 0 | 27230 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 232033 | 862 | SH |  | SOLE | 0 | 0 | 0 | 862 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337345102 |  | 200283 | 870 | SH |  | SOLE | 0 | 0 | 0 | 870 |
| FORD MTR CO | COM | 345370860 |  | 155026 | 11816 | SH |  | SOLE | 0 | 0 | 0 | 11816 |
| GE AEROSPACE | COM NEW | 369604301 |  | 328668 | 1067 | SH |  | SOLE | 0 | 0 | 0 | 1067 |
| GE VERNOVA INC | COM | 36828A101 |  | 318289 | 487 | SH |  | SOLE | 0 | 0 | 0 | 487 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 200412 | 228 | SH |  | SOLE | 0 | 0 | 0 | 228 |
| HOME DEPOT INC | COM | 437076102 |  | 1165282 | 3386 | SH |  | SOLE | 0 | 0 | 0 | 3386 |
| HONEYWELL INTL INC | COM | 438516106 |  | 335360 | 1719 | SH |  | SOLE | 0 | 0 | 0 | 1719 |
| INTEL CORP | COM | 458140100 |  | 787557 | 21343 | SH |  | SOLE | 0 | 0 | 0 | 21343 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 214273 | 1323 | SH |  | SOLE | 0 | 0 | 0 | 1323 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1524889 | 5148 | SH |  | SOLE | 0 | 0 | 0 | 5148 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1239776 | 6472 | SH |  | SOLE | 0 | 0 | 0 | 6472 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1118048 | 1820 | SH |  | SOLE | 0 | 0 | 0 | 1820 |
| IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 |  | 41360 | 15150 | SH |  | SOLE | 0 | 0 | 0 | 15150 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 6562270 | 80846 | SH |  | SOLE | 0 | 0 | 0 | 80846 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 619990 | 9223 | SH |  | SOLE | 0 | 0 | 0 | 9223 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1384125 | 15472 | SH |  | SOLE | 0 | 0 | 0 | 15472 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1054529 | 34061 | SH |  | SOLE | 0 | 0 | 0 | 34061 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 5844291 | 27222 | SH |  | SOLE | 0 | 0 | 0 | 27222 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 351289 | 2521 | SH |  | SOLE | 0 | 0 | 0 | 2521 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 301543 | 2028 | SH |  | SOLE | 0 | 0 | 0 | 2028 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 435276 | 3084 | SH |  | SOLE | 0 | 0 | 0 | 3084 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 216417 | 670 | SH |  | SOLE | 0 | 0 | 0 | 670 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 502656 | 7616 | SH |  | SOLE | 0 | 0 | 0 | 7616 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 729853 | 6073 | SH |  | SOLE | 0 | 0 | 0 | 6073 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1163628 | 5487 | SH |  | SOLE | 0 | 0 | 0 | 5487 |
| ISHARES TR | CORE S ETF | 464287200 |  | 382713 | 559 | SH |  | SOLE | 0 | 0 | 0 | 559 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1332441 | 10810 | SH |  | SOLE | 0 | 0 | 0 | 10810 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 821588 | 3906 | SH |  | SOLE | 0 | 0 | 0 | 3906 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 3133719 | 6621 | SH |  | SOLE | 0 | 0 | 0 | 6621 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 547391 | 5686 | SH |  | SOLE | 0 | 0 | 0 | 5686 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 208286 | 1521 | SH |  | SOLE | 0 | 0 | 0 | 1521 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 247803 | 1241 | SH |  | SOLE | 0 | 0 | 0 | 1241 |
| ISHARES TR | S 100 ETF | 464287101 |  | 3762038 | 10969 | SH |  | SOLE | 0 | 0 | 0 | 10969 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1187893 | 5740 | SH |  | SOLE | 0 | 0 | 0 | 5740 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1721944 | 5344 | SH |  | SOLE | 0 | 0 | 0 | 5344 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 216875 | 2857 | SH |  | SOLE | 0 | 0 | 0 | 2857 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 278598 | 949 | SH |  | SOLE | 0 | 0 | 0 | 949 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 650998 | 3803 | SH |  | SOLE | 0 | 0 | 0 | 3803 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 424164 | 743 | SH |  | SOLE | 0 | 0 | 0 | 743 |
| MERCK  CO INC | COM | 58933Y105 |  | 360831 | 3428 | SH |  | SOLE | 0 | 0 | 0 | 3428 |
| META PLATFORMS INC | CL A | 30303M102 |  | 592822 | 898 | SH |  | SOLE | 0 | 0 | 0 | 898 |
| MICROSOFT CORP | COM | 594918104 |  | 4876340 | 10083 | SH |  | SOLE | 0 | 0 | 0 | 10083 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 329915 | 364 | SH |  | SOLE | 0 | 0 | 0 | 364 |
| NEOGEN CORP | COM | 640491106 |  | 69900 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| NETFLIX INC | COM | 64110L106 |  | 262528 | 2800 | SH |  | SOLE | 0 | 0 | 0 | 2800 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 330754 | 4120 | SH |  | SOLE | 0 | 0 | 0 | 4120 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7932032 | 42531 | SH |  | SOLE | 0 | 0 | 0 | 42531 |
| ORACLE CORP | COM | 68389X105 |  | 697193 | 3577 | SH |  | SOLE | 0 | 0 | 0 | 3577 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 265056 | 2906 | SH |  | SOLE | 0 | 0 | 0 | 2906 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 273352 | 4543 | SH |  | SOLE | 0 | 0 | 0 | 4543 |
| PACER FDS TR | TRENDPILOT 100 | 69374H303 |  | 532854 | 6775 | SH |  | SOLE | 0 | 0 | 0 | 6775 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 602518 | 3271 | SH |  | SOLE | 0 | 0 | 0 | 3271 |
| PFIZER INC | COM | 717081103 |  | 334532 | 13435 | SH |  | SOLE | 0 | 0 | 0 | 13435 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 223258 | 2517 | SH |  | SOLE | 0 | 0 | 0 | 2517 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 426061 | 2973 | SH |  | SOLE | 0 | 0 | 0 | 2973 |
| QUALCOMM INC | COM | 747525103 |  | 324140 | 1895 | SH |  | SOLE | 0 | 0 | 0 | 1895 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 217433 | 1253 | SH |  | SOLE | 0 | 0 | 0 | 1253 |
| RELIANCE INC | COM | 759509102 |  | 260272 | 901 | SH |  | SOLE | 0 | 0 | 0 | 901 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 278664 | 3482 | SH |  | SOLE | 0 | 0 | 0 | 3482 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 193600 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| RTX CORPORATION | COM | 75513E101 |  | 1121491 | 6115 | SH |  | SOLE | 0 | 0 | 0 | 6115 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 5803722 | 211583 | SH |  | SOLE | 0 | 0 | 0 | 211583 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 1480831 | 34688 | SH |  | SOLE | 0 | 0 | 0 | 34688 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 278633 | 6232 | SH |  | SOLE | 0 | 0 | 0 | 6232 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 623392 | 11382 | SH |  | SOLE | 0 | 0 | 0 | 11382 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 365830 | 1129 | SH |  | SOLE | 0 | 0 | 0 | 1129 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 445082 | 2765 | SH |  | SOLE | 0 | 0 | 0 | 2765 |
| SOUTHERN CO | COM | 842587107 |  | 1338520 | 15350 | SH |  | SOLE | 0 | 0 | 0 | 15350 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 261784 | 6334 | SH |  | SOLE | 0 | 0 | 0 | 6334 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6175468 | 9056 | SH |  | SOLE | 0 | 0 | 0 | 9056 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 937217 | 3885 | SH |  | SOLE | 0 | 0 | 0 | 3885 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 624972 | 13337 | SH |  | SOLE | 0 | 0 | 0 | 13337 |
| TESLA INC | COM | 88160R101 |  | 223961 | 498 | SH |  | SOLE | 0 | 0 | 0 | 498 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 462401 | 798 | SH |  | SOLE | 0 | 0 | 0 | 798 |
| UNION PAC CORP | COM | 907818108 |  | 258384 | 1117 | SH |  | SOLE | 0 | 0 | 0 | 1117 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 304712 | 3072 | SH |  | SOLE | 0 | 0 | 0 | 3072 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 269524 | 748 | SH |  | SOLE | 0 | 0 | 0 | 748 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1134634 | 14569 | SH |  | SOLE | 0 | 0 | 0 | 14569 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 840236 | 17389 | SH |  | SOLE | 0 | 0 | 0 | 17389 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 5692528 | 18083 | SH |  | SOLE | 0 | 0 | 0 | 18083 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 222195 | 796 | SH |  | SOLE | 0 | 0 | 0 | 796 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 232887 | 1313 | SH |  | SOLE | 0 | 0 | 0 | 1313 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 5065880 | 19639 | SH |  | SOLE | 0 | 0 | 0 | 19639 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 3032538 | 6216 | SH |  | SOLE | 0 | 0 | 0 | 6216 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 232625 | 770 | SH |  | SOLE | 0 | 0 | 0 | 770 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 5745552 | 30083 | SH |  | SOLE | 0 | 0 | 0 | 30083 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 5934999 | 20450 | SH |  | SOLE | 0 | 0 | 0 | 20450 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 953657 | 10777 | SH |  | SOLE | 0 | 0 | 0 | 10777 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 1236945 | 5915 | SH |  | SOLE | 0 | 0 | 0 | 5915 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 365109 | 1089 | SH |  | SOLE | 0 | 0 | 0 | 1089 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 3042547 | 56595 | SH |  | SOLE | 0 | 0 | 0 | 56595 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 578330 | 6917 | SH |  | SOLE | 0 | 0 | 0 | 6917 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1096706 | 14909 | SH |  | SOLE | 0 | 0 | 0 | 14909 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2920224 | 20702 | SH |  | SOLE | 0 | 0 | 0 | 20702 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1771822 | 35232 | SH |  | SOLE | 0 | 0 | 0 | 35232 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 1112552 | 9138 | SH |  | SOLE | 0 | 0 | 0 | 9138 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 226412 | 2453 | SH |  | SOLE | 0 | 0 | 0 | 2453 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000GRW | 92206C623 |  | 388204 | 1645 | SH |  | SOLE | 0 | 0 | 0 | 1645 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 4136295 | 70429 | SH |  | SOLE | 0 | 0 | 0 | 70429 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 4086370 | 18593 | SH |  | SOLE | 0 | 0 | 0 | 18593 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 10187420 | 163077 | SH |  | SOLE | 0 | 0 | 0 | 163077 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 2891210 | 20145 | SH |  | SOLE | 0 | 0 | 0 | 20145 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 810270 | 9003 | SH |  | SOLE | 0 | 0 | 0 | 9003 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 467668 | 1133 | SH |  | SOLE | 0 | 0 | 0 | 1133 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 952024 | 1263 | SH |  | SOLE | 0 | 0 | 0 | 1263 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 477958 | 2583 | SH |  | SOLE | 0 | 0 | 0 | 2583 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 506061 | 3791 | SH |  | SOLE | 0 | 0 | 0 | 3791 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 701878 | 5574 | SH |  | SOLE | 0 | 0 | 0 | 5574 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 2625386 | 66668 | SH |  | SOLE | 0 | 0 | 0 | 66668 |
| VICTORY PORTFOLIOS II | VICTORYSHARES SM | 92647X822 |  | 630457 | 21382 | SH |  | SOLE | 0 | 0 | 0 | 21382 |
| VISA INC | COM CL A | 92826C839 |  | 378416 | 1079 | SH |  | SOLE | 0 | 0 | 0 | 1079 |
| WALMART INC | COM | 931142103 |  | 1445768 | 12977 | SH |  | SOLE | 0 | 0 | 0 | 12977 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 402344 | 4317 | SH |  | SOLE | 0 | 0 | 0 | 4317 |
| WILLIAMS COS INC | COM | 969457100 |  | 287927 | 4790 | SH |  | SOLE | 0 | 0 | 0 | 4790 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 385638 | 8256 | SH |  | SOLE | 0 | 0 | 0 | 8256 |

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