# EDGAR Filing Document

**Accession Number:** 0002055816
**File Stem:** 0001754960-26-000164
**Filing Date:** 2026-2
**Character Count:** 20648
**Document Hash:** 30cd3dfa4bef77e4d8240a00c35fb7a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-26-000164.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0001754960-26-000164

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLUNE & ASSOCIATES, LTD.
- **CENTRAL INDEX KEY:** 0002055816

**ORGANIZATION NAME:**
- **EIN:** 363930723
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24913
- **FILM NUMBER:** 26609400

**BUSINESS ADDRESS:**
- **STREET 1:** 980 N MICHIGAN AVE
- **STREET 2:** SUITE 1650
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60611
- **BUSINESS PHONE:** 3126445040

**MAIL ADDRESS:**
- **STREET 1:** 980 N MICHIGAN AVE
- **STREET 2:** SUITE 1650
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60611

### 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:** CLUNE  ASSOCIATES LTD.<br>**Address:** 980 N MICHIGAN AVE<br>SUITE 1650<br>CHICAGO, IL 60611

**Form 13F File Number:** 028-24913

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  02-06-2026<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:** 166

**Form 13F Information Table Value Total:** $463011971

      (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 |
| AON PLC | SHS CL A | G0403H108 |  | 1474686 | 4179 | SH |  | SOLE |  | 0 | 0 | 4179 |
| LINDE PLC | SHS | G54950103 |  | 209323 | 491 | SH |  | SOLE |  | 0 | 0 | 491 |
| ABBOTT LABS | COM | 002824100 |  | 1826390 | 14577 | SH |  | SOLE |  | 0 | 0 | 14577 |
| ABBVIE INC | COM | 00287Y109 |  | 4212372 | 18436 | SH |  | SOLE |  | 0 | 0 | 18436 |
| ACUMEN PHARMACEUTICALS INC | COM | 00509G209 |  | 34815 | 16500 | SH |  | SOLE |  | 0 | 0 | 16500 |
| ALLSTATE CORP | COM | 020002101 |  | 285166 | 1370 | SH |  | SOLE |  | 0 | 0 | 1370 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1888574 | 6018 | SH |  | SOLE |  | 0 | 0 | 6018 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1083126 | 3460 | SH |  | SOLE |  | 0 | 0 | 3460 |
| AMAZON COM INC | COM | 023135106 |  | 2098846 | 9093 | SH |  | SOLE |  | 0 | 0 | 9093 |
| AMERICAN CENTY ETF TR | AVANTIS INTL SML | 025072190 |  | 261322 | 3743 | SH |  | SOLE |  | 0 | 0 | 3743 |
| AMERICAN CENTY ETF TR | AVANTIS US SMALL | 025072323 |  | 904077 | 15391 | SH |  | SOLE |  | 0 | 0 | 15391 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 8639077 | 114017 | SH |  | SOLE |  | 0 | 0 | 114017 |
| AMERICAN CENTY ETF TR | REAL ESTATE ETF | 025072356 |  | 268205 | 6161 | SH |  | SOLE |  | 0 | 0 | 6161 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 6514879 | 91463 | SH |  | SOLE |  | 0 | 0 | 91463 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 4470909 | 58049 | SH |  | SOLE |  | 0 | 0 | 58049 |
| AMERICAN CENTY ETF TR | AVANTIS SHFXDINC | 025072687 |  | 1860137 | 39506 | SH |  | SOLE |  | 0 | 0 | 39506 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 2661637 | 32333 | SH |  | SOLE |  | 0 | 0 | 32333 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 2586420 | 27524 | SH |  | SOLE |  | 0 | 0 | 27524 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 2380865 | 23346 | SH |  | SOLE |  | 0 | 0 | 23346 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 1241176 | 11104 | SH |  | SOLE |  | 0 | 0 | 11104 |
| APPLE INC | COM | 037833100 |  | 9077119 | 33389 | SH |  | SOLE |  | 0 | 0 | 33389 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 6793200 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1709513 | 3401 | SH |  | SOLE |  | 0 | 0 | 3401 |
| BROADCOM INC | COM | 11135F101 |  | 546838 | 1580 | SH |  | SOLE |  | 0 | 0 | 1580 |
| CATERPILLAR INC | COM | 149123101 |  | 4845107 | 8458 | SH |  | SOLE |  | 0 | 0 | 8458 |
| CHEVRON CORP NEW | COM | 166764100 |  | 376023 | 2467 | SH |  | SOLE |  | 0 | 0 | 2467 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 268657 | 7261 | SH |  | SOLE |  | 0 | 0 | 7261 |
| CISCO SYS INC | COM | 17275R102 |  | 323218 | 4196 | SH |  | SOLE |  | 0 | 0 | 4196 |
| COMSCORE INC | COM NEW | 20564W204 |  | 823264 | 126656 | SH |  | SOLE |  | 0 | 0 | 126656 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 3282851 | 70146 | SH |  | SOLE |  | 0 | 0 | 70146 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 2651557 | 69576 | SH |  | SOLE |  | 0 | 0 | 69576 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 3709274 | 113886 | SH |  | SOLE |  | 0 | 0 | 113886 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 4687034 | 63193 | SH |  | SOLE |  | 0 | 0 | 63193 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 17721130 | 254358 | SH |  | SOLE |  | 0 | 0 | 254358 |
| DIMENSIONAL ETF TRUST | GLOBAL EX US COR | 25434V575 |  | 588589 | 11182 | SH |  | SOLE |  | 0 | 0 | 11182 |
| DIMENSIONAL ETF TRUST | ULTRASHORT FIXED | 25434V591 |  | 5448271 | 107567 | SH |  | SOLE |  | 0 | 0 | 107567 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 5281933 | 88712 | SH |  | SOLE |  | 0 | 0 | 88712 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 2535524 | 74116 | SH |  | SOLE |  | 0 | 0 | 74116 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 9474712 | 239321 | SH |  | SOLE |  | 0 | 0 | 239321 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 25159420 | 540018 | SH |  | SOLE |  | 0 | 0 | 540018 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 6957957 | 210337 | SH |  | SOLE |  | 0 | 0 | 210337 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 427762 | 12678 | SH |  | SOLE |  | 0 | 0 | 12678 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 8953949 | 271826 | SH |  | SOLE |  | 0 | 0 | 271826 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 1150329 | 30272 | SH |  | SOLE |  | 0 | 0 | 30272 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 19593662 | 392659 | SH |  | SOLE |  | 0 | 0 | 392659 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 3471729 | 105556 | SH |  | SOLE |  | 0 | 0 | 105556 |
| DIMENSIONAL ETF TRUST | US REAL ESTATE E | 25434V823 |  | 1803292 | 78742 | SH |  | SOLE |  | 0 | 0 | 78742 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 680076 | 17883 | SH |  | SOLE |  | 0 | 0 | 17883 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 256258 | 5320 | SH |  | SOLE |  | 0 | 0 | 5320 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 14982709 | 312465 | SH |  | SOLE |  | 0 | 0 | 312465 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 3279063 | 77046 | SH |  | SOLE |  | 0 | 0 | 77046 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 3452628 | 105488 | SH |  | SOLE |  | 0 | 0 | 105488 |
| DISNEY WALT CO | COM | 254687106 |  | 206067 | 1811 | SH |  | SOLE |  | 0 | 0 | 1811 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1721202 | 14303 | SH |  | SOLE |  | 0 | 0 | 14303 |
| META PLATFORMS INC | CL A | 30303M102 |  | 221197 | 335 | SH |  | SOLE |  | 0 | 0 | 335 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 429327 | 2806 | SH |  | SOLE |  | 0 | 0 | 2806 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 |  | 1003535 | 21887 | SH |  | SOLE |  | 0 | 0 | 21887 |
| HOME DEPOT INC | COM | 437076102 |  | 200004 | 581 | SH |  | SOLE |  | 0 | 0 | 581 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 203690 | 827 | SH |  | SOLE |  | 0 | 0 | 827 |
| INTEL CORP | COM | 458140100 |  | 216738 | 5874 | SH |  | SOLE |  | 0 | 0 | 5874 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 388752 | 1312 | SH |  | SOLE |  | 0 | 0 | 1312 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1116543 | 1818 | SH |  | SOLE |  | 0 | 0 | 1818 |
| INVESCO EXCH TRADED FD TR II | INTL CORP BD | 46138E636 |  | 594333 | 24889 | SH |  | SOLE |  | 0 | 0 | 24889 |
| INVESCO EXCH TRADED FD TR II | EMRNG MKT SVRG | 46138E784 |  | 285172 | 13166 | SH |  | SOLE |  | 0 | 0 | 13166 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1769812 | 2584 | SH |  | SOLE |  | 0 | 0 | 2584 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1713302 | 17154 | SH |  | SOLE |  | 0 | 0 | 17154 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 3188812 | 58286 | SH |  | SOLE |  | 0 | 0 | 58286 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 2620366 | 62494 | SH |  | SOLE |  | 0 | 0 | 62494 |
| ISHARES TR | NORTH AMERN NAT | 464287374 |  | 4505910 | 89759 | SH |  | SOLE |  | 0 | 0 | 89759 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 273745 | 1291 | SH |  | SOLE |  | 0 | 0 | 1291 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 871511 | 10523 | SH |  | SOLE |  | 0 | 0 | 10523 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1668937 | 17379 | SH |  | SOLE |  | 0 | 0 | 17379 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 279196 | 2900 | SH |  | SOLE |  | 0 | 0 | 2900 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 2653825 | 40209 | SH |  | SOLE |  | 0 | 0 | 40209 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 487591 | 1306 | SH |  | SOLE |  | 0 | 0 | 1306 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 7493882 | 62355 | SH |  | SOLE |  | 0 | 0 | 62355 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 4409296 | 41324 | SH |  | SOLE |  | 0 | 0 | 41324 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 1019680 | 62062 | SH |  | SOLE |  | 0 | 0 | 62062 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 558633 | 7205 | SH |  | SOLE |  | 0 | 0 | 7205 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 6887783 | 71539 | SH |  | SOLE |  | 0 | 0 | 71539 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 690283 | 12013 | SH |  | SOLE |  | 0 | 0 | 12013 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 305469 | 4978 | SH |  | SOLE |  | 0 | 0 | 4978 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 2862739 | 26727 | SH |  | SOLE |  | 0 | 0 | 26727 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 259632 | 3220 | SH |  | SOLE |  | 0 | 0 | 3220 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2966804 | 56104 | SH |  | SOLE |  | 0 | 0 | 56104 |
| ISHARES TR | MICRO-CAP ETF | 464288869 |  | 308587 | 1957 | SH |  | SOLE |  | 0 | 0 | 1957 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1304259 | 18264 | SH |  | SOLE |  | 0 | 0 | 18264 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 663971 | 6485 | SH |  | SOLE |  | 0 | 0 | 6485 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 1862414 | 22004 | SH |  | SOLE |  | 0 | 0 | 22004 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 219388 | 2452 | SH |  | SOLE |  | 0 | 0 | 2452 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 9817993 | 201395 | SH |  | SOLE |  | 0 | 0 | 201395 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 445296 | 6624 | SH |  | SOLE |  | 0 | 0 | 6624 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 231704 | 3188 | SH |  | SOLE |  | 0 | 0 | 3188 |
| ISHARES TR | 0-5YR INVT GR CP | 46434V100 |  | 1236226 | 24383 | SH |  | SOLE |  | 0 | 0 | 24383 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 4675512 | 109063 | SH |  | SOLE |  | 0 | 0 | 109063 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 1960424 | 78574 | SH |  | SOLE |  | 0 | 0 | 78574 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 1099550 | 21739 | SH |  | SOLE |  | 0 | 0 | 21739 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 1891695 | 37826 | SH |  | SOLE |  | 0 | 0 | 37826 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 735565 | 13979 | SH |  | SOLE |  | 0 | 0 | 13979 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 3854234 | 38396 | SH |  | SOLE |  | 0 | 0 | 38396 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1051082 | 3262 | SH |  | SOLE |  | 0 | 0 | 3262 |
| KROGER CO | COM | 501044101 |  | 764044 | 12229 | SH |  | SOLE |  | 0 | 0 | 12229 |
| LENNOX INTL INC | COM | 526107107 |  | 1459609 | 3006 | SH |  | SOLE |  | 0 | 0 | 3006 |
| ELI LILLY  CO | COM | 532457108 |  | 213861 | 199 | SH |  | SOLE |  | 0 | 0 | 199 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 305760 | 536 | SH |  | SOLE |  | 0 | 0 | 536 |
| MCDONALDS CORP | COM | 580135101 |  | 1026429 | 3358 | SH |  | SOLE |  | 0 | 0 | 3358 |
| MERCK  CO INC | COM | 58933Y105 |  | 225415 | 2142 | SH |  | SOLE |  | 0 | 0 | 2142 |
| MICROSOFT CORP | COM | 594918104 |  | 2322436 | 4802 | SH |  | SOLE |  | 0 | 0 | 4802 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4458292 | 23905 | SH |  | SOLE |  | 0 | 0 | 23905 |
| PATRICK INDS INC | COM | 703343103 |  | 267063 | 2463 | SH |  | SOLE |  | 0 | 0 | 2463 |
| RTX CORPORATION | COM | 75513E101 |  | 450329 | 2455 | SH |  | SOLE |  | 0 | 0 | 2455 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 16385497 | 24028 | SH |  | SOLE |  | 0 | 0 | 24028 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 1367050 | 22000 | SH |  | SOLE |  | 0 | 0 | 22000 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 263066 | 436 | SH |  | SOLE |  | 0 | 0 | 436 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 319868 | 6826 | SH |  | SOLE |  | 0 | 0 | 6826 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 207861 | 7724 | SH |  | SOLE |  | 0 | 0 | 7724 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 295804 | 10386 | SH |  | SOLE |  | 0 | 0 | 10386 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 244765 | 7474 | SH |  | SOLE |  | 0 | 0 | 7474 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 6781125 | 152214 | SH |  | SOLE |  | 0 | 0 | 152214 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 350252 | 7747 | SH |  | SOLE |  | 0 | 0 | 7747 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 326828 | 10372 | SH |  | SOLE |  | 0 | 0 | 10372 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1177961 | 42944 | SH |  | SOLE |  | 0 | 0 | 42944 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 1239697 | 46799 | SH |  | SOLE |  | 0 | 0 | 46799 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 766729 | 16840 | SH |  | SOLE |  | 0 | 0 | 16840 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 720080 | 16106 | SH |  | SOLE |  | 0 | 0 | 16106 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 215005 | 3926 | SH |  | SOLE |  | 0 | 0 | 3926 |
| TERADYNE INC | COM | 880770102 |  | 596358 | 3081 | SH |  | SOLE |  | 0 | 0 | 3081 |
| TESLA INC | COM | 88160R101 |  | 539664 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| TEXTRON INC | COM | 883203101 |  | 573817 | 6583 | SH |  | SOLE |  | 0 | 0 | 6583 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 208786 | 157 | SH |  | SOLE |  | 0 | 0 | 157 |
| UNION PAC CORP | COM | 907818108 |  | 221758 | 959 | SH |  | SOLE |  | 0 | 0 | 959 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 423462 | 3787 | SH |  | SOLE |  | 0 | 0 | 3787 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 11552167 | 153131 | SH |  | SOLE |  | 0 | 0 | 153131 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 345165 | 4819 | SH |  | SOLE |  | 0 | 0 | 4819 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 397623 | 3287 | SH |  | SOLE |  | 0 | 0 | 3287 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 327732 | 1305 | SH |  | SOLE |  | 0 | 0 | 1305 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 427895 | 3856 | SH |  | SOLE |  | 0 | 0 | 3856 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 17154494 | 217669 | SH |  | SOLE |  | 0 | 0 | 217669 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1286819 | 17373 | SH |  | SOLE |  | 0 | 0 | 17373 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 223189 | 3573 | SH |  | SOLE |  | 0 | 0 | 3573 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 2502445 | 17436 | SH |  | SOLE |  | 0 | 0 | 17436 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 864943 | 9610 | SH |  | SOLE |  | 0 | 0 | 9610 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 4127568 | 61213 | SH |  | SOLE |  | 0 | 0 | 61213 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1184948 | 23958 | SH |  | SOLE |  | 0 | 0 | 23958 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 203142 | 4076 | SH |  | SOLE |  | 0 | 0 | 4076 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 5202914 | 107676 | SH |  | SOLE |  | 0 | 0 | 107676 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 1390139 | 11040 | SH |  | SOLE |  | 0 | 0 | 11040 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 673032 | 8923 | SH |  | SOLE |  | 0 | 0 | 8923 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 1507776 | 32892 | SH |  | SOLE |  | 0 | 0 | 32892 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 5799955 | 40466 | SH |  | SOLE |  | 0 | 0 | 40466 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 3858948 | 52460 | SH |  | SOLE |  | 0 | 0 | 52460 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1122697 | 20883 | SH |  | SOLE |  | 0 | 0 | 20883 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 12421711 | 155797 | SH |  | SOLE |  | 0 | 0 | 155797 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 319355 | 3209 | SH |  | SOLE |  | 0 | 0 | 3209 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 897274 | 17842 | SH |  | SOLE |  | 0 | 0 | 17842 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 14227294 | 22686 | SH |  | SOLE |  | 0 | 0 | 22686 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 335161 | 1890 | SH |  | SOLE |  | 0 | 0 | 1890 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 4229054 | 47791 | SH |  | SOLE |  | 0 | 0 | 47791 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 2394502 | 11306 | SH |  | SOLE |  | 0 | 0 | 11306 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 6707188 | 23111 | SH |  | SOLE |  | 0 | 0 | 23111 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1460958 | 4641 | SH |  | SOLE |  | 0 | 0 | 4641 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 7733280 | 40490 | SH |  | SOLE |  | 0 | 0 | 40490 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 5111721 | 19817 | SH |  | SOLE |  | 0 | 0 | 19817 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 531799 | 1586 | SH |  | SOLE |  | 0 | 0 | 1586 |
| VISA INC | COM CL A | 92826C839 |  | 584047 | 1665 | SH |  | SOLE |  | 0 | 0 | 1665 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 540047 | 2458 | SH |  | SOLE |  | 0 | 0 | 2458 |

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