# EDGAR Filing Document

**Accession Number:** 0002003672
**File Stem:** 0001172661-25-004476
**Filing Date:** 2025-10
**Character Count:** 29152
**Document Hash:** e23c8e5492dc416ad410d17c902574b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004476.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001172661-25-004476

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**EFFECTIVENESS DATE**: 20251029

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Quantum Portfolio Management LLC
- **CENTRAL INDEX KEY:** 0002003672

**ORGANIZATION NAME:**
- **EIN:** 922623850
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23542
- **FILM NUMBER:** 251427878

**BUSINESS ADDRESS:**
- **STREET 1:** 10 E. 53RD STREET
- **STREET 2:** SUITE 1400
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-466-6761

**MAIL ADDRESS:**
- **STREET 1:** 10 E. 53RD STREET
- **STREET 2:** SUITE 1400
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CUSTOM INDEX SYSTEMS, LLC
- **DATE OF NAME CHANGE:** 20231207

### 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:** Quantum Portfolio Management LLC<br>**Address:** 10 E. 53rd Street<br>Suite 1400<br>New York, NY 10022

**Form 13F File Number:** 028-23542

**CRD Number (if applicable):** 000326280

**SEC File Number (if applicable):** 801-127936

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:** Ann Keitner<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-466-6761

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

/s/ Ann Keitner  New York, NY  10-29-2025<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:** 262

**Form 13F Information Table Value Total:** $336503690

      (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 |  | 210579 | 1357 | SH |  | SOLE |  | 1357 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 212831 | 1589 | SH |  | SOLE |  | 1589 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 218342 | 943 | SH |  | SOLE |  | 943 | 0 | 0 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 1579707 | 35515 | SH |  | SOLE |  | 35515 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 414288 | 1680 | SH |  | SOLE |  | 1680 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 294899 | 836 | SH |  | SOLE |  | 836 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 2019415 | 15478 | SH |  | SOLE |  | 15478 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 1626407 | 5165 | SH |  | SOLE |  | 5165 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 860494 | 3609 | SH |  | SOLE |  | 3609 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 264035 | 2466 | SH |  | SOLE |  | 2466 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 219487 | 3256 | SH |  | SOLE |  | 3256 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5030282 | 20654 | SH |  | SOLE |  | 20654 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3124078 | 12851 | SH |  | SOLE |  | 12851 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 3470896 | 73959 | SH |  | SOLE |  | 73959 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4407429 | 20073 | SH |  | SOLE |  | 20073 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 784568 | 95913 | SH |  | SOLE |  | 95913 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1062580 | 3199 | SH |  | SOLE |  | 3199 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 782954 | 5373 | SH |  | SOLE |  | 5373 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 235400 | 1224 | SH |  | SOLE |  | 1224 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 512358 | 3681 | SH |  | SOLE |  | 3681 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 187811 | 15344 | SH |  | SOLE |  | 15344 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1871224 | 15121 | SH |  | SOLE |  | 15121 | 0 | 0 |
| AMPLIFY ETF TR | BLOCKCHAIN LDR | 032108607 |  | 295915 | 4414 | SH |  | SOLE |  | 4414 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 381081 | 1551 | SH |  | SOLE |  | 1551 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 295248 | 828 | SH |  | SOLE |  | 828 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 2757151 | 10002 | SH |  | SOLE |  | 10002 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 14261317 | 56008 | SH |  | SOLE |  | 56008 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 674709 | 939 | SH |  | SOLE |  | 939 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 507362 | 5592 | SH |  | SOLE |  | 5592 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 731994 | 12253 | SH |  | SOLE |  | 12253 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 3221967 | 11931 | SH |  | SOLE |  | 11931 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 691094 | 937 | SH |  | SOLE |  | 937 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 1045909 | 5336 | SH |  | SOLE |  | 5336 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 764791 | 790 | SH |  | SOLE |  | 790 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 479960 | 6256 | SH |  | SOLE |  | 6256 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 268456 | 1681 | SH |  | SOLE |  | 1681 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1050454 | 6152 | SH |  | SOLE |  | 6152 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 2132570 | 9748 | SH |  | SOLE |  | 9748 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 |  | 1241664 | 12961 | SH |  | SOLE |  | 12961 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1216636 | 24972 | SH |  | SOLE |  | 24972 | 0 | 0 |
| BANCFIRST CORP | COM | 05945F103 |  | 469762 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 337192 | 6536 | SH |  | SOLE |  | 6536 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 271648 | 233 | SH |  | SOLE |  | 233 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 480451 | 6648 | SH |  | SOLE |  | 6648 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 328277 | 1521 | SH |  | SOLE |  | 1521 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 692001 | 7088 | SH |  | SOLE |  | 7088 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 4398030 | 13331 | SH |  | SOLE |  | 13331 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 249857 | 2664 | SH |  | SOLE |  | 2664 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1132462 | 3224 | SH |  | SOLE |  | 3224 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 311067 | 9733 | SH |  | SOLE |  | 9733 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 503031 | 6753 | SH |  | SOLE |  | 6753 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 374599 | 993 | SH |  | SOLE |  | 993 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 250027 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2135568 | 13554 | SH |  | SOLE |  | 13554 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 1337708 | 34477 | SH |  | SOLE |  | 34477 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 640727 | 7143 | SH |  | SOLE |  | 7143 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 662174 | 2818 | SH |  | SOLE |  | 2818 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 803798 | 3916 | SH |  | SOLE |  | 3916 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 223597 | 3268 | SH |  | SOLE |  | 3268 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 322362 | 6064 | SH |  | SOLE |  | 6064 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 1097704 | 4727 | SH |  | SOLE |  | 4727 | 0 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 1518152 | 56374 | SH |  | SOLE |  | 56374 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 305000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 478777 | 1772 | SH |  | SOLE |  | 1772 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1408749 | 4281 | SH |  | SOLE |  | 4281 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 381254 | 3002 | SH |  | SOLE |  | 3002 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 613856 | 2131 | SH |  | SOLE |  | 2131 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1877178 | 2028 | SH |  | SOLE |  | 2028 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 634823 | 19715 | SH |  | SOLE |  | 19715 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 490380 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 1281338 | 2360 | SH |  | SOLE |  | 2360 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 629406 | 6209 | SH |  | SOLE |  | 6209 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 243562 | 6947 | SH |  | SOLE |  | 6947 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 300293 | 1737 | SH |  | SOLE |  | 1737 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 1589890 | 9530 | SH |  | SOLE |  | 9530 | 0 | 0 |
| EASTERN BANKSHARES INC | COM | 27627N105 |  | 1487120 | 81935 | SH |  | SOLE |  | 81935 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 232715 | 305 | SH |  | SOLE |  | 305 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 325922 | 3525 | SH |  | SOLE |  | 3525 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 612494 | 782 | SH |  | SOLE |  | 782 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 483482 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 417350 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 297036 | 18438 | SH |  | SOLE |  | 18438 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1879673 | 5816 | SH |  | SOLE |  | 5816 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 547532 | 11165 | SH |  | SOLE |  | 11165 | 0 | 0 |
| FEDERATED HERMES ETF TRUST | HERMES TOTAL RET | 31423L404 |  | 5082128 | 200161 | SH |  | SOLE |  | 200161 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 429420 | 885 | SH |  | SOLE |  | 885 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 729638 | 11358 | SH |  | SOLE |  | 11358 | 0 | 0 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 357032 | 13785 | SH |  | SOLE |  | 13785 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | FINLS ALPHADEX | 33734X135 |  | 1523710 | 25656 | SH |  | SOLE |  | 25656 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED ALP | SML CP GRW ALP | 33737M300 |  | 1482620 | 16344 | SH |  | SOLE |  | 16344 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 483438 | 3125 | SH |  | SOLE |  | 3125 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 966836 | 11499 | SH |  | SOLE |  | 11499 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 972274 | 3139 | SH |  | SOLE |  | 3139 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 240957 | 801 | SH |  | SOLE |  | 801 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 858030 | 7730 | SH |  | SOLE |  | 7730 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 1825896 | 38335 | SH |  | SOLE |  | 38335 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 3389287 | 54047 | SH |  | SOLE |  | 54047 | 0 | 0 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 1244864 | 17723 | SH |  | SOLE |  | 17723 | 0 | 0 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 290611 | 5884 | SH |  | SOLE |  | 5884 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 411713 | 517 | SH |  | SOLE |  | 517 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 577338 | 2630 | SH |  | SOLE |  | 2630 | 0 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 305507 | 15611 | SH |  | SOLE |  | 15611 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 439987 | 1855 | SH |  | SOLE |  | 1855 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 1024946 | 4459 | SH |  | SOLE |  | 4459 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 426145 | 22253 | SH |  | SOLE |  | 22253 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1192474 | 2943 | SH |  | SOLE |  | 2943 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 963156 | 4691 | SH |  | SOLE |  | 4691 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1133817 | 5778 | SH |  | SOLE |  | 5778 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 423673 | 14015 | SH |  | SOLE |  | 14015 | 0 | 0 |
| INNODATA INC | COM NEW | 457642205 |  | 1200057 | 15571 | SH |  | SOLE |  | 15571 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 808999 | 11757 | SH |  | SOLE |  | 11757 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 202027 | 716 | SH |  | SOLE |  | 716 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 424421 | 949 | SH |  | SOLE |  | 949 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 176927 | 13174 | SH |  | SOLE |  | 13174 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 356087 | 15805 | SH |  | SOLE |  | 15805 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 830577 | 31038 | SH |  | SOLE |  | 31038 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI EMRGNG MRKT | 46138E727 |  | 3644059 | 143354 | SH |  | SOLE |  | 143354 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 283902 | 3630 | SH |  | SOLE |  | 3630 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S SMLCP MOMENT | 46137V498 |  | 1462057 | 19873 | SH |  | SOLE |  | 19873 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2082083 | 3468 | SH |  | SOLE |  | 3468 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 508690 | 7826 | SH |  | SOLE |  | 7826 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1422945 | 19554 | SH |  | SOLE |  | 19554 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 503429 | 6285 | SH |  | SOLE |  | 6285 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 460567 | 14857 | SH |  | SOLE |  | 14857 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 460554 | 6752 | SH |  | SOLE |  | 6752 | 0 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 1832619 | 29587 | SH |  | SOLE |  | 29587 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 403367 | 9694 | SH |  | SOLE |  | 9694 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 6831462 | 33555 | SH |  | SOLE |  | 33555 | 0 | 0 |
| ISHARES TR | MSCI POLAND ETF | 46429B606 |  | 444296 | 13798 | SH |  | SOLE |  | 13798 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 5970986 | 18657 | SH |  | SOLE |  | 18657 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 9687187 | 20681 | SH |  | SOLE |  | 20681 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 7200707 | 59648 | SH |  | SOLE |  | 59648 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 962457 | 7860 | SH |  | SOLE |  | 7860 | 0 | 0 |
| ISHARES TR | RUS TP200 VL ETF | 464289420 |  | 978280 | 11132 | SH |  | SOLE |  | 11132 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1962258 | 9502 | SH |  | SOLE |  | 9502 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 2002830 | 5480 | SH |  | SOLE |  | 5480 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 564583 | 2698 | SH |  | SOLE |  | 2698 | 0 | 0 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 2775033 | 78214 | SH |  | SOLE |  | 78214 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 1487079 | 12930 | SH |  | SOLE |  | 12930 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 7502608 | 110609 | SH |  | SOLE |  | 110609 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1105344 | 5683 | SH |  | SOLE |  | 5683 | 0 | 0 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 |  | 877730 | 25560 | SH |  | SOLE |  | 25560 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 528112 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 323372 | 1744 | SH |  | SOLE |  | 1744 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1359819 | 4311 | SH |  | SOLE |  | 4311 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 415105 | 22210 | SH |  | SOLE |  | 22210 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 461227 | 16292 | SH |  | SOLE |  | 16292 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 479977 | 445 | SH |  | SOLE |  | 445 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 567387 | 13506 | SH |  | SOLE |  | 13506 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2124157 | 31511 | SH |  | SOLE |  | 31511 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 2102715 | 7325 | SH |  | SOLE |  | 7325 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1785423 | 13334 | SH |  | SOLE |  | 13334 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1189400 | 2504 | SH |  | SOLE |  | 2504 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 293329 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 1021701 | 4801 | SH |  | SOLE |  | 4801 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1018739 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 692147 | 15405 | SH |  | SOLE |  | 15405 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 2585691 | 3347 | SH |  | SOLE |  | 3347 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 434671 | 186 | SH |  | SOLE |  | 186 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4420968 | 6020 | SH |  | SOLE |  | 6020 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 669558 | 10426 | SH |  | SOLE |  | 10426 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 419973 | 2510 | SH |  | SOLE |  | 2510 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 6937422 | 13394 | SH |  | SOLE |  | 13394 | 0 | 0 |
| MKS INC. | COM | 55306N104 |  | 589269 | 4761 | SH |  | SOLE |  | 4761 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 301382 | 1556 | SH |  | SOLE |  | 1556 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 457500 | 1474 | SH |  | SOLE |  | 1474 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1457841 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 3850931 | 3212 | SH |  | SOLE |  | 3212 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 791437 | 10484 | SH |  | SOLE |  | 10484 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 594249 | 13724 | SH |  | SOLE |  | 13724 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 572191 | 1790 | SH |  | SOLE |  | 1790 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 330110 | 5949 | SH |  | SOLE |  | 5949 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 390461 | 2411 | SH |  | SOLE |  | 2411 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 470726 | 29402 | SH |  | SOLE |  | 29402 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 11313838 | 60638 | SH |  | SOLE |  | 60638 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 355942 | 1563 | SH |  | SOLE |  | 1563 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 352473 | 16058 | SH |  | SOLE |  | 16058 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 285240 | 3909 | SH |  | SOLE |  | 3909 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1576631 | 5606 | SH |  | SOLE |  | 5606 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 4190467 | 38869 | SH |  | SOLE |  | 38869 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2102573 | 11526 | SH |  | SOLE |  | 11526 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 993076 | 8506 | SH |  | SOLE |  | 8506 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 394238 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 80787 | 15596 | SH |  | SOLE |  | 15596 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 475477 | 3751 | SH |  | SOLE |  | 3751 | 0 | 0 |
| PENNANT GROUP INC | COM | 70805E109 |  | 658065 | 26093 | SH |  | SOLE |  | 26093 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 925020 | 8891 | SH |  | SOLE |  | 8891 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 341763 | 18737 | SH |  | SOLE |  | 18737 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1457217 | 9484 | SH |  | SOLE |  | 9484 | 0 | 0 |
| PROSHARES TR | BITCOIN ETF | 74347G440 |  | 228701 | 11621 | SH |  | SOLE |  | 11621 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 383753 | 926 | SH |  | SOLE |  | 926 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 2221972 | 11659 | SH |  | SOLE |  | 11659 | 0 | 0 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 262101 | 6615 | SH |  | SOLE |  | 6615 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 252387 | 5845 | SH |  | SOLE |  | 5845 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 395757 | 2597 | SH |  | SOLE |  | 2597 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 774556 | 4106 | SH |  | SOLE |  | 4106 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 402102 | 21572 | SH |  | SOLE |  | 21572 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 217566 | 918 | SH |  | SOLE |  | 918 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 830489 | 3108 | SH |  | SOLE |  | 3108 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 5765003 | 198042 | SH |  | SOLE |  | 198042 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 4503764 | 124551 | SH |  | SOLE |  | 124551 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 1921687 | 44732 | SH |  | SOLE |  | 44732 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1312951 | 7346 | SH |  | SOLE |  | 7346 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 483451 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 1077741 | 12358 | SH |  | SOLE |  | 12358 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 206954 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 566892 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| SHORE BANCSHARES INC | COM | 825107105 |  | 1299229 | 79173 | SH |  | SOLE |  | 79173 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1617340 | 8618 | SH |  | SOLE |  | 8618 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1760919 | 66651 | SH |  | SOLE |  | 66651 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 2642143 | 31331 | SH |  | SOLE |  | 31331 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 702053 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| SPDR INDEX SHS FDS | S GBLINF ETF | 78463X855 |  | 1686166 | 24230 | SH |  | SOLE |  | 24230 | 0 | 0 |
| SPDR SERIES TRUST | COMP SOFTWARE | 78464A599 |  | 236719 | 1197 | SH |  | SOLE |  | 1197 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 1397827 | 14265 | SH |  | SOLE |  | 14265 | 0 | 0 |
| SPDR SERIES TRUST | S CAP MKTS | 78464A771 |  | 527027 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 278900 | 4406 | SH |  | SOLE |  | 4406 | 0 | 0 |
| SPDR SERIES TRUST | S 600 SMCP GRW | 78464A201 |  | 475605 | 5043 | SH |  | SOLE |  | 5043 | 0 | 0 |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 |  | 1850054 | 39388 | SH |  | SOLE |  | 39388 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 977898 | 1401 | SH |  | SOLE |  | 1401 | 0 | 0 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 656964 | 15800 | SH |  | SOLE |  | 15800 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 283814 | 14652 | SH |  | SOLE |  | 14652 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 569345 | 1767 | SH |  | SOLE |  | 1767 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 775198 | 2097 | SH |  | SOLE |  | 2097 | 0 | 0 |
| SYNAPTICS INC | COM | 87157D109 |  | 309922 | 4535 | SH |  | SOLE |  | 4535 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1453425 | 5204 | SH |  | SOLE |  | 5204 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2380271 | 9213 | SH |  | SOLE |  | 9213 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 822454 | 4909 | SH |  | SOLE |  | 4909 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 611810 | 4445 | SH |  | SOLE |  | 4445 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1598768 | 3595 | SH |  | SOLE |  | 3595 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 706920 | 14424 | SH |  | SOLE |  | 14424 | 0 | 0 |
| TIDAL TRUST II | ROUNDHILL GENER | 88636J600 |  | 311313 | 5062 | SH |  | SOLE |  | 5062 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 299487 | 2072 | SH |  | SOLE |  | 2072 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 1213896 | 921 | SH |  | SOLE |  | 921 | 0 | 0 |
| UBIQUITI INC | COM | 90353W103 |  | 285371 | 432 | SH |  | SOLE |  | 432 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 480438 | 11718 | SH |  | SOLE |  | 11718 | 0 | 0 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 1819350 | 55894 | SH |  | SOLE |  | 55894 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 1085171 | 10958 | SH |  | SOLE |  | 10958 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 856695 | 2625 | SH |  | SOLE |  | 2625 | 0 | 0 |
| VANECK ETF TRUST | RARE EARTH AND S | 92189H805 |  | 353980 | 5378 | SH |  | SOLE |  | 5378 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 311089 | 508 | SH |  | SOLE |  | 508 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 484525 | 1628 | SH |  | SOLE |  | 1628 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 4601778 | 84935 | SH |  | SOLE |  | 84935 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 1140834 | 14692 | SH |  | SOLE |  | 14692 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 657828 | 2353 | SH |  | SOLE |  | 2353 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 511571 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 260799 | 5934 | SH |  | SOLE |  | 5934 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 215402 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 847230 | 5616 | SH |  | SOLE |  | 5616 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1342648 | 3933 | SH |  | SOLE |  | 3933 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 2389244 | 12195 | SH |  | SOLE |  | 12195 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 787997 | 7646 | SH |  | SOLE |  | 7646 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 671832 | 34400 | SH |  | SOLE |  | 34400 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 292707 | 1665 | SH |  | SOLE |  | 1665 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 204930 | 928 | SH |  | SOLE |  | 928 | 0 | 0 |
| WAYSTAR HLDG CORP | COM | 946784105 |  | 323723 | 8537 | SH |  | SOLE |  | 8537 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 657517 | 5738 | SH |  | SOLE |  | 5738 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 293370 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 1393055 | 7820 | SH |  | SOLE |  | 7820 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 2039743 | 32198 | SH |  | SOLE |  | 32198 | 0 | 0 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 6941593 | 150937 | SH |  | SOLE |  | 150937 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 202109 | 2506 | SH |  | SOLE |  | 2506 | 0 | 0 |

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