# EDGAR Filing Document

**Accession Number:** 0001598841
**File Stem:** 0001598841-26-000001
**Filing Date:** 2026-2
**Character Count:** 27603
**Document Hash:** f8b3eb19516ca9736a08ee86c85ad9f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001598841-26-000001.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001598841-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors Preferred, LLC
- **CENTRAL INDEX KEY:** 0001598841

**ORGANIZATION NAME:**
- **EIN:** 364702719
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16005
- **FILM NUMBER:** 26587143

**BUSINESS ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 240-223-1998

**MAIL ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

### 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:** Advisors Preferred LLC<br>**Address:** 1445 RESEARCH BOULEVARD

#530<br>ROCKVILLE, MD 20850

**Form 13F File Number:** 028-16005

**CRD Number (if applicable):** 000157980

**SEC File Number (if applicable):** 801-72430

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:** Angela Holland<br>**Title:** CCO<br>**Phone:** 2402231988

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

Angela Holland  Columbia, MD  02-02-2026<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:** 1

**Form 13F Information Table Entry Total:** 228

**Form 13F Information Table Value Total:** $614264751

      (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.]

| No.   | Name                      | Form 13F File Number   |
|:---|:---|:---|
|  | Flexible Plan investments |  |

### 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 |
| Global X Uranium ETF | ETF | 37954Y871 |  | 2349 | 51 | SH |  | OTR | 1 | 51 | 0 | 0 |
| iShares North American Natural Resources ETF USD Class | ETF | 464287374 |  | 3885 | 76 | SH |  | OTR | 1 | 76 | 0 | 0 |
| iShares Gold Trust Micro | ETF | 46436F103 |  | 5657 | 131 | SH |  | OTR | 1 | 131 | 0 | 0 |
| Aptus Collared Investment Opportunity ETF | ETF | 26922A222 |  | 5683 | 130 | SH |  | OTR | 1 | 130 | 0 | 0 |
| Convergence Long short Equity ETF | ETF | 89834G760 |  | 5709 | 207 | SH |  | OTR | 1 | 207 | 0 | 0 |
| iShares MSCI Peru and Global Exposure ETF USD Class | ETF | 464289842 |  | 6398 | 88 | SH |  | OTR | 1 | 88 | 0 | 0 |
| Invesco S MidCap Momentum ET | ETF | 46137V464 |  | 7583 | 54 | SH |  | OTR | 1 | 54 | 0 | 0 |
| IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF USD Class | ETF | 45409B107 |  | 7625 | 226 | SH |  | OTR | 1 | 226 | 0 | 0 |
| Invesco WilderHill Clean Energy ETF | ETF | 46137V134 |  | 10064 | 311 | SH |  | OTR | 1 | 311 | 0 | 0 |
| iShares MSCI China ETF | ETF | 46429B671 |  | 10519 | 169 | SH |  | OTR | 1 | 169 | 0 | 0 |
| iShares MSCI South Korea ETF USD Class | ETF | 464286772 |  | 12367 | 121 | SH |  | OTR | 1 | 121 | 0 | 0 |
| First Trust NASDAQ Clean Edge Green Energy Index Fund | ETF | 33733E500 |  | 12643 | 272 | SH |  | OTR | 1 | 272 | 0 | 0 |
| Amplify Junior Silver Miners ETF | ETF | 032108649 |  | 13094 | 477 | SH |  | OTR | 1 | 477 | 0 | 0 |
| iShares MSCI South Africa ETF USD Class | ETF | 464286780 |  | 15615 | 225 | SH |  | OTR | 1 | 225 | 0 | 0 |
| SPDR S Metals  Mining ETF | ETF | 78464A755 |  | 15914 | 148 | SH |  | OTR | 1 | 148 | 0 | 0 |
| Global X Lithium  Battery Tech ETF | ETF | 37954Y855 |  | 16965 | 256 | SH |  | OTR | 1 | 256 | 0 | 0 |
| SPDR S Biotech ETF USD Class | ETF | 78464A870 |  | 19565 | 161 | SH |  | OTR | 1 | 161 | 0 | 0 |
| Global X Copper Miners ETF | ETF | 37954Y830 |  | 19945 | 273 | SH |  | OTR | 1 | 273 | 0 | 0 |
| iShares MSCI Brazil ETF USD Class | ETF | 464286400 |  | 20930 | 650 | SH |  | OTR | 1 | 650 | 0 | 0 |
| Invesco DWA Healthcare Momentum ETF | ETF | 46137V852 |  | 23043 | 468 | SH |  | OTR | 1 | 468 | 0 | 0 |
| Invesco Variable Rate Preferred ETF USD Class | ETF | 46138G870 |  | 27549 | 1130 | SH |  | OTR | 1 | 1130 | 0 | 0 |
| iShares MSCI Poland ETF USD Class | ETF | 46429B606 |  | 27731 | 765 | SH |  | OTR | 1 | 765 | 0 | 0 |
| State Street SPDR Global Dow ETF | ETF | 78464A706 |  | 36002 | 215 | SH |  | OTR | 1 | 215 | 0 | 0 |
| State Street SPDR S Kensho Clean Power ETF | ETF | 78468R655 |  | 37272 | 396 | SH |  | OTR | 1 | 396 | 0 | 0 |
| ALPS Clean Energy ETF USD Class | ETF | 00162Q460 |  | 38743 | 1144 | SH |  | OTR | 1 | 1144 | 0 | 0 |
| Global X Silver Miners ETF | ETF | 37954Y848 |  | 39347 | 474 | SH |  | OTR | 1 | 474 | 0 | 0 |
| Invesco S 500 Equal Weight Health Care ETF USD Class | ETF | 46137V332 |  | 43695 | 1365 | SH |  | OTR | 1 | 1365 | 0 | 0 |
| Global X Adaptive US Factor ETF | ETF | 37954Y574 |  | 44551 | 955 | SH |  | OTR | 1 | 955 | 0 | 0 |
| Clearshares Ultra-Short Maturity ETF USD Class | ETF | 26922A453 |  | 48422 | 484 | SH |  | OTR | 1 | 484 | 0 | 0 |
| iShares 20 plus Year Treasury Bond ETF USD Class | ETF | 464287432 |  | 52218 | 600 | SH |  | OTR | 1 | 600 | 0 | 0 |
| WisdomTree US LargeCap Fund | ETF | 97717W588 |  | 53803 | 758 | SH |  | OTR | 1 | 758 | 0 | 0 |
| Mitsubishi UFJ Financial Group Inc. | ADR | 606822104 |  | 62267 | 3899 | SH |  | OTR | 1 | 3899 | 0 | 0 |
| Kanzhun Ltd. | ADR | 48553T106 |  | 62291 | 2979 | SH |  | OTR | 1 | 2979 | 0 | 0 |
| Jefferies Financial Group Inc. | COM | 47233W109 |  | 63460 | 1000 | SH |  | OTR | 1 | 1000 | 0 | 0 |
| Trip.com Group Ltd. | ADR | 89677Q107 |  | 64508 | 866 | SH |  | OTR | 1 | 866 | 0 | 0 |
| iShares MSCI Chile ETF USD Class | ETF | 464286640 |  | 67822 | 1680 | SH |  | OTR | 1 | 1680 | 0 | 0 |
| iShares 0 to 5 Year TIPS Bond ETF | ETF | 46429B747 |  | 68287 | 667 | SH |  | OTR | 1 | 667 | 0 | 0 |
| Novartis A.G. | ADR | 66987V109 |  | 78968 | 570 | SH |  | OTR | 1 | 570 | 0 | 0 |
| VanEck Steel ETF | ETF | 92189F205 |  | 80016 | 926 | SH |  | OTR | 1 | 926 | 0 | 0 |
| iShares MSCI Hong Kong ETF USD Class | ETF | 464286871 |  | 80110 | 3663 | SH |  | OTR | 1 | 3663 | 0 | 0 |
| VanEck Junior Gold Miners ETF | ETF | 92189F791 |  | 90673 | 801 | SH |  | OTR | 1 | 801 | 0 | 0 |
| Gold Fields Ltd. | ADR | 38059T106 |  | 108987 | 2502 | SH |  | OTR | 1 | 2502 | 0 | 0 |
| Solstice Advanced Materials Inc. | COM | 83443Q103 |  | 110880 | 2250 | SH |  | OTR | 1 | 2250 | 0 | 0 |
| Simplify Hedged Equity ETF | ETF | 82889N764 |  | 111691 | 3486 | SH |  | OTR | 1 | 3486 | 0 | 0 |
| Sasol Ltd. | ADR | 803866300 |  | 116710 | 17524 | SH |  | OTR | 1 | 17524 | 0 | 0 |
| State Street Health Care Select Sector SPDR ETF USD Class | ETF | 81369Y209 |  | 139181 | 895 | SH |  | OTR | 1 | 895 | 0 | 0 |
| iShares U.S. Pharmaceuticals ETF USD Class | ETF | 464288836 |  | 140460 | 1655 | SH |  | OTR | 1 | 1655 | 0 | 0 |
| First Trust Global Wind Energy ETF | ETF | 33736G106 |  | 142032 | 6687 | SH |  | OTR | 1 | 6687 | 0 | 0 |
| Franklin International Low Volatility High Dividend Index ETF | ETF | 52468L505 |  | 149900 | 4022 | SH |  | OTR | 1 | 4022 | 0 | 0 |
| VanEck Natural Resources ETF | ETF | 92189F841 |  | 166192 | 2716 | SH |  | OTR | 1 | 2716 | 0 | 0 |
| iMGP DBi Managed Futures Strategy ETF | ETF | 53700T827 |  | 181539 | 6449 | SH |  | OTR | 1 | 6449 | 0 | 0 |
| iShares Short Duration Bond Active ETF | ETF | 46431W507 |  | 200320 | 3919 | SH |  | OTR | 1 | 3919 | 0 | 0 |
| Fidelity High Dividend ETF | ETF | 316092840 |  | 203519 | 3568 | SH |  | OTR | 1 | 3568 | 0 | 0 |
| Toyota Motor Corporation | ADR | 892331307 |  | 212860 | 977 | SH |  | OTR | 1 | 977 | 0 | 0 |
| Telkom Indonesia Persero Tbk P.T. | ADR | 715684106 |  | 214637 | 10182 | SH |  | OTR | 1 | 10182 | 0 | 0 |
| Latam Airlines Group S.A. | ADR | 51817R205 |  | 217720 | 3989 | SH |  | OTR | 1 | 3989 | 0 | 0 |
| Fresenius Medical Care A.G.  Company KGaA | ADR | 358029106 |  | 226566 | 9637 | SH |  | OTR | 1 | 9637 | 0 | 0 |
| Banco Bradesco S.A. | ADR | 059460303 |  | 228033 | 67867 | SH |  | OTR | 1 | 67867 | 0 | 0 |
| iShares Convertible Bond ETF | ETF | 46435G102 |  | 229469 | 2294 | SH |  | OTR | 1 | 2294 | 0 | 0 |
| Strategy Inc. | COM | 594972408 |  | 235740 | 1500 | SH |  | OTR | 1 | 1500 | 0 | 0 |
| Petroleo Brasileiro S.A.  Petrobras | ADR | 71654V408 |  | 245659 | 20609 | SH |  | OTR | 1 | 20609 | 0 | 0 |
| Banco Macro S.A. | ADR | 05961W105 |  | 245893 | 2770 | SH |  | OTR | 1 | 2770 | 0 | 0 |
| Ternium S.A. | ADR | 880890108 |  | 251606 | 6430 | SH |  | OTR | 1 | 6430 | 0 | 0 |
| NewMarket Corporation | COM | 651587107 |  | 255155 | 371 | SH |  | OTR | 1 | 371 | 0 | 0 |
| Equinor ASA | ADR | 29446M102 |  | 257530 | 10490 | SH |  | OTR | 1 | 10490 | 0 | 0 |
| Atour Lifestyle Holdings Ltd. | ADR | 04965M106 |  | 260869 | 6543 | SH |  | OTR | 1 | 6543 | 0 | 0 |
| Federated Hermes Inc. | COM | 314211103 |  | 264050 | 5042 | SH |  | OTR | 1 | 5042 | 0 | 0 |
| RLI Corporation | COM | 749607107 |  | 264228 | 4229 | SH |  | OTR | 1 | 4229 | 0 | 0 |
| Progressive Corporation (The) | COM | 743315103 |  | 264302 | 1246 | SH |  | OTR | 1 | 1246 | 0 | 0 |
| Broadridge Financial Solutions Inc. | COM | 11133T103 |  | 265446 | 1204 | SH |  | OTR | 1 | 1204 | 0 | 0 |
| Colgate-Palmolive Company | COM | 194162103 |  | 265622 | 3419 | SH |  | OTR | 1 | 3419 | 0 | 0 |
| American Financial Group Inc | COM | 025932104 |  | 266075 | 1974 | SH |  | OTR | 1 | 1974 | 0 | 0 |
| Mastercard Inc. | COM | 57636Q104 |  | 266360 | 473 | SH |  | OTR | 1 | 473 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 270582 | 1070 | SH |  | OTR | 1 | 1070 | 0 | 0 |
| Coca-Cola Company (The) | COM | 191216100 |  | 274061 | 3965 | SH |  | OTR | 1 | 3965 | 0 | 0 |
| Veralto Corporation | COM | 92338C103 |  | 274914 | 2791 | SH |  | OTR | 1 | 2791 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 276875 | 1505 | SH |  | OTR | 1 | 1505 | 0 | 0 |
| Ellington Financial Inc. | COM | 28852N109 |  | 277225 | 20265 | SH |  | OTR | 1 | 20265 | 0 | 0 |
| Union Pacific Corporation | COM | 907818108 |  | 277596 | 1197 | SH |  | OTR | 1 | 1197 | 0 | 0 |
| Illinois Tool Works Inc. | COM | 452308109 |  | 277943 | 1114 | SH |  | OTR | 1 | 1114 | 0 | 0 |
| Kimberly Clark Corporation | COM | 494368103 |  | 278444 | 2746 | SH |  | OTR | 1 | 2746 | 0 | 0 |
| Banco de Chile | ADR | 059520106 |  | 279430 | 7313 | SH |  | OTR | 1 | 7313 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 280207 | 1283 | SH |  | OTR | 1 | 1283 | 0 | 0 |
| Service Corp International | COM | 817565104 |  | 280545 | 3634 | SH |  | OTR | 1 | 3634 | 0 | 0 |
| Sysco Corporation | COM | 871829107 |  | 281184 | 3872 | SH |  | OTR | 1 | 3872 | 0 | 0 |
| Annaly Capital Management Inc. | COM | 035710839 |  | 283456 | 12378 | SH |  | OTR | 1 | 12378 | 0 | 0 |
| Marsh and McLennan Companies Inc. | COM | 571748102 |  | 284106 | 1557 | SH |  | OTR | 1 | 1557 | 0 | 0 |
| Motorola Solutions Inc. | COM | 620076307 |  | 285384 | 749 | SH |  | OTR | 1 | 749 | 0 | 0 |
| Aflac Inc. | COM | 001055102 |  | 286624 | 2600 | SH |  | OTR | 1 | 2600 | 0 | 0 |
| PLDT Inc. | ADR | 69344D408 |  | 335901 | 15366 | SH |  | OTR | 1 | 15366 | 0 | 0 |
| KB Financial Group Inc. | ADR | 48241A105 |  | 341823 | 3965 | SH |  | OTR | 1 | 3965 | 0 | 0 |
| HSBC Holdings plc | ADR | 404280406 |  | 376989 | 4686 | SH |  | OTR | 1 | 4686 | 0 | 0 |
| Ecolab Inc. | COM | 278865100 |  | 393960 | 1500 | SH |  | OTR | 1 | 1500 | 0 | 0 |
| PDD Holdings Inc. | ADR | 722304102 |  | 397717 | 3436 | SH |  | OTR | 1 | 3436 | 0 | 0 |
| Futu Holdings Ltd. | ADR | 36118L106 |  | 400464 | 2244 | SH |  | OTR | 1 | 2244 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Company Ltd. | ADR | 874039100 |  | 440103 | 1377 | SH |  | OTR | 1 | 1377 | 0 | 0 |
| Korea Electric Power Corporation | ADR | 500631106 |  | 455851 | 27362 | SH |  | OTR | 1 | 27362 | 0 | 0 |
| ARM Holdings plc | ADR | 042068205 |  | 470508 | 4101 | SH |  | OTR | 1 | 4101 | 0 | 0 |
| Shinhan Financial Group Company Ltd. | ADR | 824596100 |  | 472297 | 8743 | SH |  | OTR | 1 | 8743 | 0 | 0 |
| Argenx S.E. | ADR | 04016X101 |  | 491394 | 585 | SH |  | OTR | 1 | 585 | 0 | 0 |
| Banco Santander S.A. | ADR | 05964H105 |  | 506168 | 41936 | SH |  | OTR | 1 | 41936 | 0 | 0 |
| Fox Factory Holding Corporation | COM | 35138V102 |  | 559182 | 32100 | SH |  | OTR | 1 | 32100 | 0 | 0 |
| Palo Alto Networks Inc. | COM | 697435105 |  | 573984 | 3200 | SH |  | OTR | 1 | 3200 | 0 | 0 |
| Allegiant Travel Company | COM | 01748X102 |  | 589579 | 6699 | SH |  | OTR | 1 | 6699 | 0 | 0 |
| Eli Lilly and  Company | COM | 532457108 |  | 594198 | 550 | SH |  | OTR | 1 | 550 | 0 | 0 |
| Banco Santander Chile | ADR | 05965X109 |  | 632486 | 20272 | SH |  | OTR | 1 | 20272 | 0 | 0 |
| Invesco S 500 Equal Weight Technology ETF | ETF | 46137V282 |  | 645216 | 14100 | SH |  | OTR | 1 | 14100 | 0 | 0 |
| Vista Energy S.A.B. de C.V. | ADR | 92837L109 |  | 661473 | 13552 | SH |  | OTR | 1 | 13552 | 0 | 0 |
| Li Auto Inc. | ADR | 50202M102 |  | 670111 | 38847 | SH |  | OTR | 1 | 38847 | 0 | 0 |
| Vanguard S 500 ETF | ETF | 922908363 |  | 691130 | 1100 | SH |  | OTR | 1 | 1100 | 0 | 0 |
| O-I Glass Inc. | COM | 67098H104 |  | 772811 | 50977 | SH |  | OTR | 1 | 50977 | 0 | 0 |
| Legend Biotech Corporation | ADR | 52490G102 |  | 808432 | 37584 | SH |  | OTR | 1 | 37584 | 0 | 0 |
| Eni SpA | ADR | 26874R108 |  | 824212 | 21112 | SH |  | OTR | 1 | 21112 | 0 | 0 |
| Danaher Corporation | COM | 235851102 |  | 875520 | 3800 | SH |  | OTR | 1 | 3800 | 0 | 0 |
| Brinker International Inc. | COM | 109641100 |  | 974274 | 6430 | SH |  | OTR | 1 | 6430 | 0 | 0 |
| Tenet Healthcare Corporation | COM | 88033G407 |  | 981294 | 4920 | SH |  | OTR | 1 | 4920 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 995610 | 7000 | SH |  | OTR | 1 | 7000 | 0 | 0 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 1005730 | 8200 | SH |  | OTR | 1 | 8200 | 0 | 0 |
| Chevron Corporation | COM | 166764100 |  | 1028940 | 6600 | SH |  | OTR | 1 | 6600 | 0 | 0 |
| Invesco S 500 Momentum ETF USD Class | ETF | 46138E339 |  | 1036701 | 8663 | SH |  | OTR | 1 | 8663 | 0 | 0 |
| UnitedHealth Group Inc. | COM | 91324P102 |  | 1076480 | 3200 | SH |  | OTR | 1 | 3200 | 0 | 0 |
| AES Corporation (The) | COM | 00130H105 |  | 1091434 | 73646 | SH |  | OTR | 1 | 73646 | 0 | 0 |
| Invesco S 500 High Beta ETF USD Class | ETF | 46138E370 |  | 1095076 | 9200 | SH |  | OTR | 1 | 9200 | 0 | 0 |
| Kennedy Wilson Holdings Inc. | COM | 489398107 |  | 1185286 | 122955 | SH |  | OTR | 1 | 122955 | 0 | 0 |
| Bank of Hawaii Corporation | COM | 062540109 |  | 1356358 | 19824 | SH |  | OTR | 1 | 19824 | 0 | 0 |
| Targa Resources Corporation | COM | 87612G101 |  | 1358005 | 7271 | SH |  | OTR | 1 | 7271 | 0 | 0 |
| Lumentum Holdings Inc. | COM | 55024U109 |  | 1404668 | 3638 | SH |  | OTR | 1 | 3638 | 0 | 0 |
| Phinia Inc. | COM | 71880K101 |  | 1463999 | 22645 | SH |  | OTR | 1 | 22645 | 0 | 0 |
| Adobe Inc. | COM | 00724F101 |  | 1466520 | 4400 | SH |  | OTR | 1 | 4400 | 0 | 0 |
| Costco Wholesale Corporation | COM | 22160K105 |  | 1475722 | 1727 | SH |  | OTR | 1 | 1727 | 0 | 0 |
| Stryker Corporation | COM | 863667101 |  | 1497174 | 4300 | SH |  | OTR | 1 | 4300 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 1539908 | 4700 | SH |  | OTR | 1 | 4700 | 0 | 0 |
| Netflix Inc. | COM | 64110L106 |  | 1546830 | 17000 | SH |  | OTR | 1 | 17000 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 1614470 | 13000 | SH |  | OTR | 1 | 13000 | 0 | 0 |
| Deckers Outdoor Corporation | COM | 243537107 |  | 1631751 | 15280 | SH |  | OTR | 1 | 15280 | 0 | 0 |
| Capital One Financial Corporation | COM | 14040H105 |  | 1685924 | 6800 | SH |  | OTR | 1 | 6800 | 0 | 0 |
| Procter and Gamble Company (The) | COM | 742718109 |  | 1719204 | 12125 | SH |  | OTR | 1 | 12125 | 0 | 0 |
| Ball Corporation | COM | 058498106 |  | 1729394 | 32416 | SH |  | OTR | 1 | 32416 | 0 | 0 |
| Masco Corporation | COM | 574599106 |  | 1772925 | 27500 | SH |  | OTR | 1 | 27500 | 0 | 0 |
| Intercontinental Exchange Inc. | COM | 45866F104 |  | 1815887 | 11350 | SH |  | OTR | 1 | 11350 | 0 | 0 |
| Thermo Fisher Scientific Inc. | COM | 883556102 |  | 1836781 | 3100 | SH |  | OTR | 1 | 3100 | 0 | 0 |
| Tesla Inc. | COM | 88160R101 |  | 1839894 | 4200 | SH |  | OTR | 1 | 4200 | 0 | 0 |
| TJX Companies Inc. (The) | COM | 872540109 |  | 1913843 | 12405 | SH |  | OTR | 1 | 12405 | 0 | 0 |
| Johnson and Johnson | COM | 478160104 |  | 1969825 | 9500 | SH |  | OTR | 1 | 9500 | 0 | 0 |
| Honeywell International Inc. | COM | 438516106 |  | 2053214 | 10482 | SH |  | OTR | 1 | 10482 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 2055470 | 11300 | SH |  | OTR | 1 | 11300 | 0 | 0 |
| Williams Companies Inc. (The) | COM | 969457100 |  | 2093240 | 34400 | SH |  | OTR | 1 | 34400 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 2152810 | 11000 | SH |  | OTR | 1 | 11000 | 0 | 0 |
| Outfront Media Inc. | COM | 69007J304 |  | 2182245 | 92039 | SH |  | OTR | 1 | 92039 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 2242765 | 6473 | SH |  | OTR | 1 | 6473 | 0 | 0 |
| Cadence Bank | COM | 12740C103 |  | 2266284 | 52436 | SH |  | OTR | 1 | 52436 | 0 | 0 |
| Goldman Sachs Group Inc. (The) | COM | 38141G104 |  | 2377284 | 2600 | SH |  | OTR | 1 | 2600 | 0 | 0 |
| Blackrock Inc. | COM | 09290D101 |  | 2387132 | 2200 | SH |  | OTR | 1 | 2200 | 0 | 0 |
| Janus Henderson Group plc | COM | G4474Y214 |  | 2435586 | 50975 | SH |  | OTR | 1 | 50975 | 0 | 0 |
| iShares iBoxx $ High Yield Corporate Bond ETF USD Class | ETF | 464288513 |  | 2518195 | 31216 | SH |  | OTR | 1 | 31216 | 0 | 0 |
| Invesco Fundamental High Yield Corporate Bond ETF USD Class | ETF | 46138E719 |  | 2518590 | 135190 | SH |  | OTR | 1 | 135190 | 0 | 0 |
| Berkshire Hathaway Inc. | COM | 084670702 |  | 2533935 | 5100 | SH |  | OTR | 1 | 5100 | 0 | 0 |
| Invesco Emerging Markets Sovereign Debt ETF | ETF | 46138E784 |  | 2674572 | 123309 | SH |  | OTR | 1 | 123309 | 0 | 0 |
| Schwab U.S. Aggregate Bond ETF | ETF | 808524839 |  | 2677922 | 114588 | SH |  | OTR | 1 | 114588 | 0 | 0 |
| HA Sustainable Infrastructure Capital Inc. Capital Inc. | COM | 41068X100 |  | 2679117 | 84196 | SH |  | OTR | 1 | 84196 | 0 | 0 |
| SPDR Gold Shares USD Class | ETF | 78463V107 |  | 2695957 | 6769 | SH |  | OTR | 1 | 6769 | 0 | 0 |
| Vanguard Long Term Corporate Bond ETF USD Class | ETF | 92206C813 |  | 2727872 | 36002 | SH |  | OTR | 1 | 36002 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 2754443 | 21344 | SH |  | OTR | 1 | 21344 | 0 | 0 |
| Axalta Coating Systems Ltd. | COM | G0750C108 |  | 2756391 | 83527 | SH |  | OTR | 1 | 83527 | 0 | 0 |
| GE Vernova Inc. | COM | 36828A101 |  | 2771884 | 4079 | SH |  | OTR | 1 | 4079 | 0 | 0 |
| Cintas Corporation | COM | 172908105 |  | 2817572 | 1524 | SH |  | OTR | 1 | 1524 | 0 | 0 |
| International Flavors and Fragrances Inc. | COM | 459506101 |  | 2833245 | 41647 | SH |  | OTR | 1 | 41647 | 0 | 0 |
| Home Depot Inc. (The) | COM | 437076102 |  | 2974744 | 8602 | SH |  | OTR | 1 | 8602 | 0 | 0 |
| Salesforce Inc. | COM | 79466L302 |  | 3018078 | 11900 | SH |  | OTR | 1 | 11900 | 0 | 0 |
| Invesco S 500 Low Volatility ETF USD Class | ETF | 46138E354 |  | 3036964 | 42648 | SH |  | OTR | 1 | 42648 | 0 | 0 |
| Vanguard International Dividend Appreciation ETF | ETF | 921946810 |  | 3067622 | 33420 | SH |  | OTR | 1 | 33420 | 0 | 0 |
| Bank of America Corporation | COM | 060505104 |  | 3105225 | 55500 | SH |  | OTR | 1 | 55500 | 0 | 0 |
| Newmont Corporation | COM | 651639106 |  | 3144197 | 31063 | SH |  | OTR | 1 | 31063 | 0 | 0 |
| Walmart Inc. | COM | 931142103 |  | 3179832 | 28200 | SH |  | OTR | 1 | 28200 | 0 | 0 |
| Goldman Sachs Equal Weight US Large Cap Equity ETF | ETF | 381430438 |  | 3209294 | 37400 | SH |  | OTR | 1 | 37400 | 0 | 0 |
| KKR and Company Inc. | COM | 48251W104 |  | 3222500 | 25000 | SH |  | OTR | 1 | 25000 | 0 | 0 |
| SPDR Bloomberg High Yield Bond ETF USD Class | ETF | 78468R622 |  | 3374909 | 34707 | SH |  | OTR | 1 | 34707 | 0 | 0 |
| Invesco QQQ Trust Series 1 USD Class | ETF | 46090E103 |  | 3602693 | 5876 | SH |  | OTR | 1 | 5876 | 0 | 0 |
| Smurfit WestRock plc | COM | G8267P108 |  | 3624271 | 91522 | SH |  | OTR | 1 | 91522 | 0 | 0 |
| Caterpillar Inc. | COM | 149123101 |  | 3769983 | 6300 | SH |  | OTR | 1 | 6300 | 0 | 0 |
| Kodiak Gas Services Inc. | COM | 50012A108 |  | 3801866 | 101006 | SH |  | OTR | 1 | 101006 | 0 | 0 |
| Waystar Holding Corporation | COM | 946784105 |  | 3975144 | 126718 | SH |  | OTR | 1 | 126718 | 0 | 0 |
| iShares iBoxx  Investment Grade Corporate Bond ETF USD Class | ETF | 464287242 |  | 4011476 | 36415 | SH |  | OTR | 1 | 36415 | 0 | 0 |
| iShares MBS ETF USD Class | ETF | 464288588 |  | 4017191 | 42224 | SH |  | OTR | 1 | 42224 | 0 | 0 |
| Vanguard Intermediate Term Bond ETF Investor Class | ETF | 921937819 |  | 4027336 | 51732 | SH |  | OTR | 1 | 51732 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 4049539 | 26121 | SH |  | OTR | 1 | 26121 | 0 | 0 |
| JPMorgan Chase  Company | COM | 46625H100 |  | 4068500 | 12500 | SH |  | OTR | 1 | 12500 | 0 | 0 |
| iShares 20 plus Year Treasury Bond ETF USD Class | ETF | 464287432 |  | 4084492 | 46932 | SH |  | OTR | 1 | 46932 | 0 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 4097583 | 6300 | SH |  | OTR | 1 | 6300 | 0 | 0 |
| CME Group Inc. | COM | 12572Q105 |  | 4179231 | 15497 | SH |  | OTR | 1 | 15497 | 0 | 0 |
| Neurocrine Biosciences Inc. | COM | 64125C109 |  | 4199300 | 29867 | SH |  | OTR | 1 | 29867 | 0 | 0 |
| CareTrust REIT Inc. | COM | 14174T107 |  | 4224959 | 116358 | SH |  | OTR | 1 | 116358 | 0 | 0 |
| Broadcom Inc. | COM | 11135F101 |  | 4270512 | 12285 | SH |  | OTR | 1 | 12285 | 0 | 0 |
| Regency Centers Corporation | COM | 758849103 |  | 4357595 | 64120 | SH |  | OTR | 1 | 64120 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 4365665 | 56455 | SH |  | OTR | 1 | 56455 | 0 | 0 |
| Air Lease Corporation | COM | 00912X302 |  | 4476515 | 69782 | SH |  | OTR | 1 | 69782 | 0 | 0 |
| Expand Energy Corporation | COM | 165167735 |  | 4746565 | 43241 | SH |  | OTR | 1 | 43241 | 0 | 0 |
| Welltower Inc. | COM | 95040Q104 |  | 4764353 | 25486 | SH |  | OTR | 1 | 25486 | 0 | 0 |
| Nasdaq Inc. | COM | 631103108 |  | 4872341 | 50407 | SH |  | OTR | 1 | 50407 | 0 | 0 |
| Cboe Global Markets Inc. | COM | 12503M108 |  | 5119502 | 20634 | SH |  | OTR | 1 | 20634 | 0 | 0 |
| Progressive Corporation (The) | COM | 743315103 |  | 5338212 | 25166 | SH |  | OTR | 1 | 25166 | 0 | 0 |
| Invesco S 500 Equal Weight ETF USD Class | ETF | 46137V357 |  | 5554175 | 28799 | SH |  | OTR | 1 | 28799 | 0 | 0 |
| Amazon.com Inc. | COM | 023135106 |  | 5730450 | 25300 | SH |  | OTR | 1 | 25300 | 0 | 0 |
| WisdomTree US LargeCap Dividend Fund USD Class | ETF | 97717W307 |  | 5890747 | 66502 | SH |  | OTR | 1 | 66502 | 0 | 0 |
| State Street SPDR Portfolio S 500 ETF USD Class | ETF | 78464A854 |  | 6061808 | 75405 | SH |  | OTR | 1 | 75405 | 0 | 0 |
| SPDR Bloomberg Convertible Securities ETF ETF | ETF | 78464A359 |  | 6622012 | 73131 | SH |  | OTR | 1 | 73131 | 0 | 0 |
| Amphenol Corporation | COM | 032095101 |  | 8109886 | 58048 | SH |  | OTR | 1 | 58048 | 0 | 0 |
| iShares MSCI EAFE ETF | ETF | 464287465 |  | 8536609 | 87970 | SH |  | OTR | 1 | 87970 | 0 | 0 |
| Alphabet Inc. | COM | 02079K305 |  | 8761170 | 27800 | SH |  | OTR | 1 | 27800 | 0 | 0 |
| State Street Consumer Discretionary Select Sector SPDR ETF | ETF | 81369Y407 |  | 9566349 | 80831 | SH |  | OTR | 1 | 80831 | 0 | 0 |
| State Street Technology Select Sector SPDR ETF USD Class | ETF | 81369Y803 |  | 9733035 | 67450 | SH |  | OTR | 1 | 67450 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 9903837 | 20941 | SH |  | OTR | 1 | 20941 | 0 | 0 |
| Vanguard Value ETF Class A | ETF | 922908744 |  | 10296054 | 53400 | SH |  | OTR | 1 | 53400 | 0 | 0 |
| iShares 7 to 10 Year Treasury Bond ETF USD Class | ETF | 464287440 |  | 10679676 | 111154 | SH |  | OTR | 1 | 111154 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 10894602 | 40200 | SH |  | OTR | 1 | 40200 | 0 | 0 |
| SPDR Bloomberg 1to 3 Month T-Bill ETF USD Class | ETF | 78468R663 |  | 11522577 | 126040 | SH |  | OTR | 1 | 126040 | 0 | 0 |
| BNY Mellon US Large Cap Core Equity ETF USD Class | ETF | 09661T107 |  | 11748612 | 89643 | SH |  | OTR | 1 | 89643 | 0 | 0 |
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | ETF | 09789C788 |  | 12047088 | 239600 | SH |  | OTR | 1 | 239600 | 0 | 0 |
| Vanguard Dividend Appreciation ETF USD Class | ETF | 921908844 |  | 12071011 | 54719 | SH |  | OTR | 1 | 54719 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 |  | 12464100 | 66000 | SH |  | OTR | 1 | 66000 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | ETF | 92206C680 |  | 14037250 | 115590 | SH |  | OTR | 1 | 115590 | 0 | 0 |
| iShares Russell 1000 Value ETF USD Class | ETF | 464287598 |  | 16993613 | 80083 | SH |  | OTR | 1 | 80083 | 0 | 0 |
| State Street SPDR S 500 ETF Trust USD Class | ETF | 78462F103 |  | 18055500 | 26429 | SH |  | OTR | 1 | 26429 | 0 | 0 |
| iShares 0 to 3 Month Treasury Bond ETF USD Class | ETF | 46436E718 |  | 19555852 | 194760 | SH |  | OTR | 1 | 194760 | 0 | 0 |
| Schwab US Dividend Equity ETF USD Class | ETF | 808524797 |  | 20426750 | 736630 | SH |  | OTR | 1 | 736630 | 0 | 0 |
| Invesco Nasdaq 100 ETF USD Class | ETF | 46138G649 |  | 24421046 | 96740 | SH |  | OTR | 1 | 96740 | 0 | 0 |
| State Street Financial Select Sector SPDR ETF USD Class | ETF | 81369Y605 |  | 30800240 | 560718 | SH |  | OTR | 1 | 560718 | 0 | 0 |
| iShares Russell 2000 Value ETF USD Class | ETF | 464287630 |  | 33524277 | 183323 | SH |  | OTR | 1 | 183323 | 0 | 0 |

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