# EDGAR Filing Document

**Accession Number:** 0001763454
**File Stem:** 0002085853-25-000293
**Filing Date:** 2025-12
**Character Count:** 20997
**Document Hash:** 7a3407bfefc7ee2b83e1f7f48aa32d52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-25-000293.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0002085853-25-000293

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**EFFECTIVENESS DATE**: 20251203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Severin Investments, LLC
- **CENTRAL INDEX KEY:** 0001763454

**ORGANIZATION NAME:**
- **EIN:** 611708296
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25897
- **FILM NUMBER:** 251546968

**BUSINESS ADDRESS:**
- **STREET 1:** 211 N BROADWAY
- **STREET 2:** STE. 2925
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63102
- **BUSINESS PHONE:** 3149832707

**MAIL ADDRESS:**
- **STREET 1:** 211 N BROADWAY
- **STREET 2:** STE. 2925
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63102

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2025

**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:** Severin Investments LLC<br>**Address:** 211 N BROADWAY<br>STE. 2925<br>ST. LOUIS, MO 63102

**Form 13F File Number:** 028-25897

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:** Tess Severin Butler<br>**Title:** Chief Complaince Officer<br>**Phone:** 303-531-5055

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

/s/ Tess Severin Butler  St. Louis, MO  12-03-2025<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:** 185

**Form 13F Information Table Value Total:** $99898804

      (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 |  | 435850 | 3286 | SH |  | SOLE |  | 0 | 0 | 3286 |
| ABBVIE INC | COM | 00287Y109 |  | 1309530 | 6250 | SH |  | SOLE |  | 0 | 0 | 6250 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 407446 | 3966 | SH |  | SOLE |  | 0 | 0 | 3966 |
| AGCO CORP | COM | 001084102 |  | 304783 | 3292 | SH |  | SOLE |  | 0 | 0 | 3292 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 427868 | 15684 | SH |  | SOLE |  | 0 | 0 | 15684 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 437110 | 4569 | SH |  | SOLE |  | 0 | 0 | 4569 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 376807 | 2437 | SH |  | SOLE |  | 0 | 0 | 2437 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 426863 | 7112 | SH |  | SOLE |  | 0 | 0 | 7112 |
| AMAZON COM INC | COM | 023135106 |  | 989506 | 5201 | SH |  | SOLE |  | 0 | 0 | 5201 |
| AMDOCS LTD | SHS | G02602103 |  | 263300 | 2878 | SH |  | SOLE |  | 0 | 0 | 2878 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 337060 | 3085 | SH |  | SOLE |  | 0 | 0 | 3085 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 453618 | 1686 | SH |  | SOLE |  | 0 | 0 | 1686 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 310019 | 2360 | SH |  | SOLE |  | 0 | 0 | 2360 |
| AMGEN INC | COM | 031162100 |  | 320662 | 1029 | SH |  | SOLE |  | 0 | 0 | 1029 |
| APPLE INC | COM | 037833100 |  | 599322 | 2698 | SH |  | SOLE |  | 0 | 0 | 2698 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 327497 | 14779 | SH |  | SOLE |  | 0 | 0 | 14779 |
| ARGAN INC | COM | 04010E109 |  | 312698 | 2384 | SH |  | SOLE |  | 0 | 0 | 2384 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 502585 | 6487 | SH |  | SOLE |  | 0 | 0 | 6487 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 357889 | 540 | SH |  | SOLE |  | 0 | 0 | 540 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 568007 | 7728 | SH |  | SOLE |  | 0 | 0 | 7728 |
| AT INC | COM | 00206R102 |  | 1366512 | 48321 | SH |  | SOLE |  | 0 | 0 | 48321 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 497583 | 11322 | SH |  | SOLE |  | 0 | 0 | 11322 |
| BANK AMERICA CORP | COM | 060505104 |  | 1129263 | 27061 | SH |  | SOLE |  | 0 | 0 | 27061 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 429514 | 5121 | SH |  | SOLE |  | 0 | 0 | 5121 |
| BELDEN INC | COM | 077454106 |  | 410729 | 4097 | SH |  | SOLE |  | 0 | 0 | 4097 |
| BERKLEY W R CORP | COM | 084423102 |  | 387846 | 5450 | SH |  | SOLE |  | 0 | 0 | 5450 |
| BLACKROCK INC | COM | 09290D101 |  | 938907 | 992 | SH |  | SOLE |  | 0 | 0 | 992 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 510753 | 5063 | SH |  | SOLE |  | 0 | 0 | 5063 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 408055 | 6691 | SH |  | SOLE |  | 0 | 0 | 6691 |
| BROADCOM INC | COM | 11135F101 |  | 1339032 | 7998 | SH |  | SOLE |  | 0 | 0 | 7998 |
| CABOT CORP | COM | 127055101 |  | 300003 | 3608 | SH |  | SOLE |  | 0 | 0 | 3608 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 649149 | 4712 | SH |  | SOLE |  | 0 | 0 | 4712 |
| CATERPILLAR INC | COM | 149123101 |  | 681036 | 2065 | SH |  | SOLE |  | 0 | 0 | 2065 |
| CHEVRON CORP NEW | COM | 166764100 |  | 376670 | 2252 | SH |  | SOLE |  | 0 | 0 | 2252 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 412127 | 8208 | SH |  | SOLE |  | 0 | 0 | 8208 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 350842 | 3521 | SH |  | SOLE |  | 0 | 0 | 3521 |
| CISCO SYS INC | COM | 17275R102 |  | 457130 | 7408 | SH |  | SOLE |  | 0 | 0 | 7408 |
| CITIGROUP INC | COM NEW | 172967424 |  | 591775 | 8336 | SH |  | SOLE |  | 0 | 0 | 8336 |
| CME GROUP INC | COM | 12572Q105 |  | 363191 | 1369 | SH |  | SOLE |  | 0 | 0 | 1369 |
| COCA COLA CO | COM | 191216100 |  | 705535 | 9851 | SH |  | SOLE |  | 0 | 0 | 9851 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 253005 | 6857 | SH |  | SOLE |  | 0 | 0 | 6857 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 775551 | 24566 | SH |  | SOLE |  | 0 | 0 | 24566 |
| CORNING INC | COM | 219350105 |  | 221583 | 4840 | SH |  | SOLE |  | 0 | 0 | 4840 |
| CORTEVA INC | COM | 22052L104 |  | 526293 | 8363 | SH |  | SOLE |  | 0 | 0 | 8363 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 544293 | 575 | SH |  | SOLE |  | 0 | 0 | 575 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 589384 | 1672 | SH |  | SOLE |  | 0 | 0 | 1672 |
| CSG SYS INTL INC | COM | 126349109 |  | 304103 | 5029 | SH |  | SOLE |  | 0 | 0 | 5029 |
| CUMMINS INC | COM | 231021106 |  | 273825 | 874 | SH |  | SOLE |  | 0 | 0 | 874 |
| CVS HEALTH CORP | COM | 126650100 |  | 441444 | 6516 | SH |  | SOLE |  | 0 | 0 | 6516 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 387574 | 1865 | SH |  | SOLE |  | 0 | 0 | 1865 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 301572 | 2697 | SH |  | SOLE |  | 0 | 0 | 2697 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 585981 | 6429 | SH |  | SOLE |  | 0 | 0 | 6429 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 663084 | 3290 | SH |  | SOLE |  | 0 | 0 | 3290 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 576752 | 7182 | SH |  | SOLE |  | 0 | 0 | 7182 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 273083 | 2239 | SH |  | SOLE |  | 0 | 0 | 2239 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 241083 | 3228 | SH |  | SOLE |  | 0 | 0 | 3228 |
| EASTMAN CHEM CO | COM | 277432100 |  | 319373 | 3625 | SH |  | SOLE |  | 0 | 0 | 3625 |
| ELI LILLY  CO | COM | 532457108 |  | 724420 | 877 | SH |  | SOLE |  | 0 | 0 | 877 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 779827 | 23892 | SH |  | SOLE |  | 0 | 0 | 23892 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 808703 | 6800 | SH |  | SOLE |  | 0 | 0 | 6800 |
| FEDEX CORP | COM | 31428X106 |  | 530261 | 2175 | SH |  | SOLE |  | 0 | 0 | 2175 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 864621 | 22057 | SH |  | SOLE |  | 0 | 0 | 22057 |
| FISERV INC | COM | 337738108 |  | 336933 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| FORD MTR CO | COM | 345370860 |  | 231390 | 23070 | SH |  | SOLE |  | 0 | 0 | 23070 |
| GAMBLING COM GROUP LIMITED | ORDINARY SHARES | G3R239101 |  | 372371 | 29506 | SH |  | SOLE |  | 0 | 0 | 29506 |
| GARMIN LTD | SHS | H2906T109 |  | 255888 | 1179 | SH |  | SOLE |  | 0 | 0 | 1179 |
| GE AEROSPACE | COM NEW | 369604301 |  | 501048 | 2503 | SH |  | SOLE |  | 0 | 0 | 2503 |
| GEN DIGITAL INC | COM | 668771108 |  | 268980 | 10135 | SH |  | SOLE |  | 0 | 0 | 10135 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 412054 | 1512 | SH |  | SOLE |  | 0 | 0 | 1512 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 280724 | 10814 | SH |  | SOLE |  | 0 | 0 | 10814 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1180609 | 9542 | SH |  | SOLE |  | 0 | 0 | 9542 |
| HASBRO INC | COM | 418056107 |  | 402496 | 6546 | SH |  | SOLE |  | 0 | 0 | 6546 |
| HOME DEPOT INC | COM | 437076102 |  | 682504 | 1862 | SH |  | SOLE |  | 0 | 0 | 1862 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 722002 | 5565 | SH |  | SOLE |  | 0 | 0 | 5565 |
| HP INC | COM | 40434L105 |  | 262606 | 9484 | SH |  | SOLE |  | 0 | 0 | 9484 |
| IMAX CORP | COM | 45245E109 |  | 596049 | 22620 | SH |  | SOLE |  | 0 | 0 | 22620 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 568515 | 3433 | SH |  | SOLE |  | 0 | 0 | 3433 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 534897 | 3101 | SH |  | SOLE |  | 0 | 0 | 3101 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 851903 | 3426 | SH |  | SOLE |  | 0 | 0 | 3426 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 |  | 304396 | 9169 | SH |  | SOLE |  | 0 | 0 | 9169 |
| INTUIT | COM | 461202103 |  | 516606 | 841 | SH |  | SOLE |  | 0 | 0 | 841 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 584252 | 1180 | SH |  | SOLE |  | 0 | 0 | 1180 |
| IRON MTN INC DEL | COM | 46284V101 |  | 312399 | 3631 | SH |  | SOLE |  | 0 | 0 | 3631 |
| ISHARES TR | INTRM GOV CR ETF | 464288612 |  | 4539029 | 42813 | SH |  | SOLE |  | 0 | 0 | 42813 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 476608 | 8168 | SH |  | SOLE |  | 0 | 0 | 8168 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 972034 | 9296 | SH |  | SOLE |  | 0 | 0 | 9296 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 781912 | 9451 | SH |  | SOLE |  | 0 | 0 | 9451 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 719395 | 6513 | SH |  | SOLE |  | 0 | 0 | 6513 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 361782 | 2182 | SH |  | SOLE |  | 0 | 0 | 2182 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1355974 | 5528 | SH |  | SOLE |  | 0 | 0 | 5528 |
| KBR INC | COM | 48242W106 |  | 306512 | 6154 | SH |  | SOLE |  | 0 | 0 | 6154 |
| KROGER CO | COM | 501044101 |  | 402484 | 5946 | SH |  | SOLE |  | 0 | 0 | 5946 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 467373 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 410764 | 4209 | SH |  | SOLE |  | 0 | 0 | 4209 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 345743 | 774 | SH |  | SOLE |  | 0 | 0 | 774 |
| MASCO CORP | COM | 574599106 |  | 268369 | 3859 | SH |  | SOLE |  | 0 | 0 | 3859 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 519998 | 949 | SH |  | SOLE |  | 0 | 0 | 949 |
| MATADOR RES CO | COM | 576485205 |  | 270546 | 5295 | SH |  | SOLE |  | 0 | 0 | 5295 |
| MCDONALDS CORP | COM | 580135101 |  | 703627 | 2253 | SH |  | SOLE |  | 0 | 0 | 2253 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 341407 | 3799 | SH |  | SOLE |  | 0 | 0 | 3799 |
| MERCK  CO INC | COM | 58933Y105 |  | 817491 | 9108 | SH |  | SOLE |  | 0 | 0 | 9108 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1376938 | 2389 | SH |  | SOLE |  | 0 | 0 | 2389 |
| METLIFE INC | COM | 59156R108 |  | 364791 | 4543 | SH |  | SOLE |  | 0 | 0 | 4543 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 376540 | 4334 | SH |  | SOLE |  | 0 | 0 | 4334 |
| MICROSOFT CORP | COM | 594918104 |  | 1080575 | 2879 | SH |  | SOLE |  | 0 | 0 | 2879 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 252128 | 3716 | SH |  | SOLE |  | 0 | 0 | 3716 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 388830 | 3333 | SH |  | SOLE |  | 0 | 0 | 3333 |
| NETFLIX INC | COM | 64110L106 |  | 639646 | 686 | SH |  | SOLE |  | 0 | 0 | 686 |
| NEWMONT CORP | COM | 651639106 |  | 305941 | 6337 | SH |  | SOLE |  | 0 | 0 | 6337 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 264823 | 1478 | SH |  | SOLE |  | 0 | 0 | 1478 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 658118 | 9284 | SH |  | SOLE |  | 0 | 0 | 9284 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 221047 | 9327 | SH |  | SOLE |  | 0 | 0 | 9327 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 320047 | 625 | SH |  | SOLE |  | 0 | 0 | 625 |
| NUCOR CORP | COM | 670346105 |  | 501048 | 4164 | SH |  | SOLE |  | 0 | 0 | 4164 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1663961 | 15353 | SH |  | SOLE |  | 0 | 0 | 15353 |
| OMNICOM GROUP INC | COM | 681919106 |  | 219661 | 2649 | SH |  | SOLE |  | 0 | 0 | 2649 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 480234 | 9825 | SH |  | SOLE |  | 0 | 0 | 9825 |
| ONEOK INC NEW | COM | 682680103 |  | 348765 | 3515 | SH |  | SOLE |  | 0 | 0 | 3515 |
| ONESPAN INC | COM | 68287N100 |  | 348294 | 22839 | SH |  | SOLE |  | 0 | 0 | 22839 |
| ORACLE CORP | COM | 68389X105 |  | 481424 | 3443 | SH |  | SOLE |  | 0 | 0 | 3443 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 515687 | 360 | SH |  | SOLE |  | 0 | 0 | 360 |
| OSI SYSTEMS INC | COM | 671044105 |  | 805342 | 4144 | SH |  | SOLE |  | 0 | 0 | 4144 |
| OWENS CORNING NEW | COM | 690742101 |  | 210191 | 1472 | SH |  | SOLE |  | 0 | 0 | 1472 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 550174 | 4014 | SH |  | SOLE |  | 0 | 0 | 4014 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 361260 | 5537 | SH |  | SOLE |  | 0 | 0 | 5537 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 318768 | 12660 | SH |  | SOLE |  | 0 | 0 | 12660 |
| PFIZER INC | COM | 717081103 |  | 216731 | 8553 | SH |  | SOLE |  | 0 | 0 | 8553 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 603789 | 3804 | SH |  | SOLE |  | 0 | 0 | 3804 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 707129 | 4023 | SH |  | SOLE |  | 0 | 0 | 4023 |
| POST HLDGS INC | COM | 737446104 |  | 660541 | 5677 | SH |  | SOLE |  | 0 | 0 | 5677 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 686443 | 4028 | SH |  | SOLE |  | 0 | 0 | 4028 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 305306 | 3710 | SH |  | SOLE |  | 0 | 0 | 3710 |
| QUALCOMM INC | COM | 747525103 |  | 265797 | 1730 | SH |  | SOLE |  | 0 | 0 | 1730 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 283683 | 1677 | SH |  | SOLE |  | 0 | 0 | 1677 |
| REALTY INCOME CORP | COM | 756109104 |  | 698597 | 12043 | SH |  | SOLE |  | 0 | 0 | 12043 |
| ROYAL BK CDA | COM | 780087102 |  | 343640 | 3049 | SH |  | SOLE |  | 0 | 0 | 3049 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 326090 | 1587 | SH |  | SOLE |  | 0 | 0 | 1587 |
| ROYAL GOLD INC | COM | 780287108 |  | 391828 | 2396 | SH |  | SOLE |  | 0 | 0 | 2396 |
| RTX CORPORATION | COM | 75513E101 |  | 326805 | 2467 | SH |  | SOLE |  | 0 | 0 | 2467 |
| SALESFORCE INC | COM | 79466L302 |  | 619766 | 2309 | SH |  | SOLE |  | 0 | 0 | 2309 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 770420 | 3731 | SH |  | SOLE |  | 0 | 0 | 3731 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 300455 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 298612 | 3096 | SH |  | SOLE |  | 0 | 0 | 3096 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 481294 | 9663 | SH |  | SOLE |  | 0 | 0 | 9663 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 244794 | 1240 | SH |  | SOLE |  | 0 | 0 | 1240 |
| SERVICENOW INC | COM | 81762P102 |  | 545441 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| SHELL PLC | SPON ADS | 780259305 |  | 482644 | 6586 | SH |  | SOLE |  | 0 | 0 | 6586 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 542320 | 21360 | SH |  | SOLE |  | 0 | 0 | 21360 |
| SOUTHERN CO | COM | 842587107 |  | 943122 | 10257 | SH |  | SOLE |  | 0 | 0 | 10257 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 204103 | 365 | SH |  | SOLE |  | 0 | 0 | 365 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 370868 | 2880 | SH |  | SOLE |  | 0 | 0 | 2880 |
| STARBUCKS CORP | COM | 855244109 |  | 331005 | 3375 | SH |  | SOLE |  | 0 | 0 | 3375 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 312597 | 2761 | SH |  | SOLE |  | 0 | 0 | 2761 |
| STRYKER CORPORATION | COM | 863667101 |  | 468479 | 1259 | SH |  | SOLE |  | 0 | 0 | 1259 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 352732 | 6663 | SH |  | SOLE |  | 0 | 0 | 6663 |
| SYSCO CORP | COM | 871829107 |  | 275663 | 3674 | SH |  | SOLE |  | 0 | 0 | 3674 |
| T-MOBILE US INC | COM | 872590104 |  | 398091 | 1493 | SH |  | SOLE |  | 0 | 0 | 1493 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 561462 | 3382 | SH |  | SOLE |  | 0 | 0 | 3382 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 506298 | 2536 | SH |  | SOLE |  | 0 | 0 | 2536 |
| TARGA RES CORP | COM | 87612G101 |  | 506773 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| TARGET CORP | COM | 87612E106 |  | 201083 | 1927 | SH |  | SOLE |  | 0 | 0 | 1927 |
| TEXAS INSTRS INC | COM | 882508104 |  | 248988 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 350384 | 2103 | SH |  | SOLE |  | 0 | 0 | 2103 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 340365 | 684 | SH |  | SOLE |  | 0 | 0 | 684 |
| TJX COS INC NEW | COM | 872540109 |  | 514983 | 4228 | SH |  | SOLE |  | 0 | 0 | 4228 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 424985 | 307 | SH |  | SOLE |  | 0 | 0 | 307 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 493723 | 6776 | SH |  | SOLE |  | 0 | 0 | 6776 |
| UNION PAC CORP | COM | 907818108 |  | 549437 | 2326 | SH |  | SOLE |  | 0 | 0 | 2326 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 215308 | 1958 | SH |  | SOLE |  | 0 | 0 | 1958 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 625743 | 1195 | SH |  | SOLE |  | 0 | 0 | 1195 |
| US BANCORP DEL | COM NEW | 902973304 |  | 363755 | 8616 | SH |  | SOLE |  | 0 | 0 | 8616 |
| US FOODS HLDG CORP | COM | 912008109 |  | 349955 | 5346 | SH |  | SOLE |  | 0 | 0 | 5346 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1296591 | 28648 | SH |  | SOLE |  | 0 | 0 | 28648 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 900234 | 11011 | SH |  | SOLE |  | 0 | 0 | 11011 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1710133 | 33644 | SH |  | SOLE |  | 0 | 0 | 33644 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 443936 | 9787 | SH |  | SOLE |  | 0 | 0 | 9787 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 426153 | 879 | SH |  | SOLE |  | 0 | 0 | 879 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 301307 | 4173 | SH |  | SOLE |  | 0 | 0 | 4173 |
| VICI PPTYS INC | COM | 925652109 |  | 759268 | 23276 | SH |  | SOLE |  | 0 | 0 | 23276 |
| VISA INC | COM CL A | 92826C839 |  | 615310 | 1756 | SH |  | SOLE |  | 0 | 0 | 1756 |
| VISTRA CORP | COM | 92840M102 |  | 280047 | 2385 | SH |  | SOLE |  | 0 | 0 | 2385 |
| WALMART INC | COM | 931142103 |  | 1189163 | 13546 | SH |  | SOLE |  | 0 | 0 | 13546 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 389409 | 1682 | SH |  | SOLE |  | 0 | 0 | 1682 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1258569 | 17531 | SH |  | SOLE |  | 0 | 0 | 17531 |
| WILLIAMS COS INC | COM | 969457100 |  | 262867 | 4399 | SH |  | SOLE |  | 0 | 0 | 4399 |

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