# EDGAR Filing Document

**Accession Number:** 0001427351
**File Stem:** 0001427351-26-000002
**Filing Date:** 2026-1
**Character Count:** 27066
**Document Hash:** a02180d5a901004fe1cf515d2e061e2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001427351-26-000002.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0001427351-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MERIDIAN INVESTMENT COUNSEL INC.
- **CENTRAL INDEX KEY:** 0001427351

**ORGANIZATION NAME:**
- **EIN:** 201058722
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12994
- **FILM NUMBER:** 26542518

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 1057
- **CITY:** LAFAYETTE
- **STATE:** CA
- **ZIP:** 94549
- **BUSINESS PHONE:** 510-493-7640

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1057
- **CITY:** LAFAYETTE
- **STATE:** CA
- **ZIP:** 94549

### 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:** MERIDIAN INVESTMENT COUNSEL INC.<br>**Address:** PO BOX 1057<br>LAFAYETTE, CA 94549

**Form 13F File Number:** 028-12994

**CRD Number (if applicable):** 000131655

**SEC File Number (if applicable):** 801-63191

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:** Dane Pernot<br>**Title:** Portfolio Operations Manager<br>**Phone:** 510-493-7642

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

Dane Pernot  Carlsbad, CA  01-20-2026<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:** 239

**Form 13F Information Table Value Total:** $415017608

      (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 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 633648 | 9974 | SH |  | SOLE |  | 9974 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3330497 | 4884 | SH |  | SOLE |  | 4884 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 1739453 | 14266 | SH |  | SOLE |  | 14266 | 0 | 0 |
| CAPITAL GROUP INTL FOCUS EQT | SHS CREATION UNI | 14019W109 |  | 4230083 | 143150 | SH |  | SOLE |  | 142975 | 0 | 175 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3674420 | 15161 | SH |  | SOLE |  | 15061 | 0 | 100 |
| GE AEROSPACE | COM NEW | 369604301 |  | 2953128 | 9587 | SH |  | SOLE |  | 9587 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 2064628 | 3159 | SH |  | SOLE |  | 3159 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5083045 | 26535 | SH |  | SOLE |  | 26535 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 9987725 | 123047 | SH |  | SOLE |  | 123047 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1385951 | 4856 | SH |  | SOLE |  | 4756 | 0 | 100 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 3167382 | 62252 | SH |  | SOLE |  | 62002 | 0 | 250 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 2148446 | 68183 | SH |  | SOLE |  | 68183 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 3649449 | 7594 | SH |  | SOLE |  | 7594 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 5166799 | 8565 | SH |  | SOLE |  | 8565 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 4072520 | 26254 | SH |  | SOLE |  | 26254 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A706 |  | 1720511 | 10321 | SH |  | SOLE |  | 10121 | 0 | 200 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 6710157 | 157183 | SH |  | SOLE |  | 156783 | 0 | 400 |
| ARCBEST CORP | COM | 03937C105 |  | 1130285 | 15235 | SH |  | SOLE |  | 15235 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 969803 | 39042 | SH |  | SOLE |  | 39042 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 2245391 | 7194 | SH |  | SOLE |  | 7194 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 648566 | 5416 | SH |  | SOLE |  | 5416 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1545738 | 52900 | SH |  | SOLE |  | 52900 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1195665 | 6735 | SH |  | SOLE |  | 6735 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 235959 | 2314 | SH |  | SOLE |  | 2314 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 337518 | 3241 | SH |  | SOLE |  | 3241 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 26066165 | 85775 | SH |  | SOLE |  | 85775 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 596986 | 2624 | SH |  | SOLE |  | 2624 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 4174277 | 12131 | SH |  | SOLE |  | 12131 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 682378 | 9675 | SH |  | SOLE |  | 9675 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 788285 | 27352 | SH |  | SOLE |  | 26352 | 0 | 1000 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2253856 | 24183 | SH |  | SOLE |  | 24183 | 0 | 0 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 2758358 | 68074 | SH |  | SOLE |  | 67674 | 0 | 400 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 811137 | 10735 | SH |  | SOLE |  | 10735 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1982179 | 17190 | SH |  | SOLE |  | 17190 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 878791 | 43440 | SH |  | SOLE |  | 43440 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5128538 | 10203 | SH |  | SOLE |  | 10053 | 0 | 150 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 2750817 | 37360 | SH |  | SOLE |  | 37160 | 0 | 200 |
| COCA COLA CO | COM | 191216100 |  | 838920 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1690490 | 42052 | SH |  | SOLE |  | 42052 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 1800252 | 5305 | SH |  | SOLE |  | 5305 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 2449756 | 152348 | SH |  | SOLE |  | 151548 | 0 | 800 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 1412794 | 22732 | SH |  | SOLE |  | 22732 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1650129 | 3870 | SH |  | SOLE |  | 3870 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4522277 | 6851 | SH |  | SOLE |  | 6851 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 13458305 | 27828 | SH |  | SOLE |  | 27828 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 588838 | 14320 | SH |  | SOLE |  | 14320 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 1724203 | 21117 | SH |  | SOLE |  | 21117 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 272725 | 970 | SH |  | SOLE |  | 970 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1222925 | 5713 | SH |  | SOLE |  | 5713 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 879392 | 4163 | SH |  | SOLE |  | 4163 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1995744 | 3182 | SH |  | SOLE |  | 3182 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1650106 | 6397 | SH |  | SOLE |  | 6397 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1828062 | 24232 | SH |  | SOLE |  | 24232 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 586506 | 12950 | SH |  | SOLE |  | 12950 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE UNTD KGDM | 35473P678 |  | 2287406 | 67775 | SH |  | SOLE |  | 67775 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 3942409 | 32120 | SH |  | SOLE |  | 32120 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 5369488 | 21813 | SH |  | SOLE |  | 21613 | 0 | 200 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2701688 | 28125 | SH |  | SOLE |  | 28125 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 3896478 | 49360 | SH |  | SOLE |  | 49360 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 1483319 | 40650 | SH |  | SOLE |  | 40650 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1581234 | 63503 | SH |  | SOLE |  | 63503 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4625876 | 27044 | SH |  | SOLE |  | 26919 | 0 | 125 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 2825806 | 18255 | SH |  | SOLE |  | 18255 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2749787 | 33653 | SH |  | SOLE |  | 33503 | 0 | 150 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 2528912 | 105196 | SH |  | SOLE |  | 105196 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 3355414 | 59262 | SH |  | SOLE |  | 58762 | 0 | 500 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 870312 | 64135 | SH |  | SOLE |  | 64135 | 0 | 0 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 631928 | 40875 | SH |  | SOLE |  | 40875 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R549 |  | 1386932 | 16920 | SH |  | SOLE |  | 16920 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S GBL WATER | 46138E263 |  | 371766 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 525318 | 2713 | SH |  | SOLE |  | 2713 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 5911331 | 16890 | SH |  | SOLE |  | 16890 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 261731 | 18816 | SH |  | SOLE |  | 18816 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 371488 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 2940017 | 67509 | SH |  | SOLE |  | 67509 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 729972 | 682 | SH |  | SOLE |  | 682 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1886062 | 27574 | SH |  | SOLE |  | 27574 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 246389 | 7150 | SH |  | SOLE |  | 7150 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4908854 | 23720 | SH |  | SOLE |  | 23720 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 8090291 | 45515 | SH |  | SOLE |  | 45515 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 827454 | 7029 | SH |  | SOLE |  | 7029 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1650291 | 40518 | SH |  | SOLE |  | 40518 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 415138 | 4323 | SH |  | SOLE |  | 4323 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 451460 | 2675 | SH |  | SOLE |  | 2575 | 0 | 100 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 2657529 | 58600 | SH |  | SOLE |  | 58600 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 6066638 | 26551 | SH |  | SOLE |  | 26551 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 19239954 | 70772 | SH |  | SOLE |  | 70772 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2334607 | 12518 | SH |  | SOLE |  | 12518 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2688739 | 97808 | SH |  | SOLE |  | 97008 | 0 | 800 |
| MCKESSON CORP | COM | 58155Q103 |  | 3204053 | 3906 | SH |  | SOLE |  | 3806 | 0 | 100 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 639302 | 4461 | SH |  | SOLE |  | 4461 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 875702 | 45116 | SH |  | SOLE |  | 45116 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 259362 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 4506865 | 81943 | SH |  | SOLE |  | 81943 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 1778245 | 51202 | SH |  | SOLE |  | 50852 | 0 | 350 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 505852 | 20981 | SH |  | SOLE |  | 20981 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2246144 | 75147 | SH |  | SOLE |  | 74797 | 0 | 350 |
| CORTEVA INC | COM | 22052L104 |  | 481074 | 7177 | SH |  | SOLE |  | 7177 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1204485 | 23715 | SH |  | SOLE |  | 23715 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 482960 | 5888 | SH |  | SOLE |  | 5888 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 407493 | 7570 | SH |  | SOLE |  | 7570 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 5945611 | 20593 | SH |  | SOLE |  | 20593 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI ACWI EXUS | 78463X848 |  | 2558905 | 71239 | SH |  | SOLE |  | 71239 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5326372 | 18363 | SH |  | SOLE |  | 18313 | 0 | 50 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1290844 | 54489 | SH |  | SOLE |  | 54089 | 0 | 400 |
| CENTRAL SECS CORP | COM | 155123102 |  | 515974 | 10175 | SH |  | SOLE |  | 10175 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 1011313 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2304262 | 7040 | SH |  | SOLE |  | 7040 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 4202086 | 26134 | SH |  | SOLE |  | 26134 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2006246 | 26045 | SH |  | SOLE |  | 26045 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 3426457 | 11862 | SH |  | SOLE |  | 11862 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 1772591 | 14416 | SH |  | SOLE |  | 14416 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1198143 | 32470 | SH |  | SOLE |  | 32470 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2623828 | 8858 | SH |  | SOLE |  | 8858 | 0 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 4592542 | 35557 | SH |  | SOLE |  | 34557 | 0 | 1000 |
| ISHARES TR | GBL COMM SVC ETF | 464287275 |  | 787930 | 6500 | SH |  | SOLE |  | 6300 | 0 | 200 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 735163 | 15749 | SH |  | SOLE |  | 15749 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 4882106 | 25048 | SH |  | SOLE |  | 25048 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 1299720 | 29070 | SH |  | SOLE |  | 29070 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 5982494 | 53698 | SH |  | SOLE |  | 53698 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1375918 | 5961 | SH |  | SOLE |  | 5961 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 330504 | 43950 | SH |  | SOLE |  | 43950 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6673424 | 43786 | SH |  | SOLE |  | 43786 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2833280 | 8793 | SH |  | SOLE |  | 8793 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2746934 | 9357 | SH |  | SOLE |  | 9257 | 0 | 100 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 843714 | 3280 | SH |  | SOLE |  | 3280 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 393813 | 23275 | SH |  | SOLE |  | 23275 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 729715 | 9195 | SH |  | SOLE |  | 9195 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 328440 | 7728 | SH |  | SOLE |  | 7728 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 471775 | 4482 | SH |  | SOLE |  | 4482 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 431437 | 37713 | SH |  | SOLE |  | 37713 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1208455 | 15053 | SH |  | SOLE |  | 15053 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1200170 | 6544 | SH |  | SOLE |  | 6544 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 245032 | 2725 | SH |  | SOLE |  | 2725 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2937787 | 25176 | SH |  | SOLE |  | 25176 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 429411 | 16315 | SH |  | SOLE |  | 16315 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1590649 | 9752 | SH |  | SOLE |  | 9752 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 539922 | 3762 | SH |  | SOLE |  | 3762 | 0 | 0 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 1139872 | 11703 | SH |  | SOLE |  | 11303 | 0 | 400 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2355139 | 7505 | SH |  | SOLE |  | 7505 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1370432 | 11388 | SH |  | SOLE |  | 11388 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 357730 | 14893 | SH |  | SOLE |  | 14893 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 705734 | 8459 | SH |  | SOLE |  | 8459 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | NASDAQ INTERNT | 46137V530 |  | 224691 | 4165 | SH |  | SOLE |  | 4165 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 337952 | 4042 | SH |  | SOLE |  | 4042 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 241760 | 10851 | SH |  | SOLE |  | 10851 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 212951 | 376 | SH |  | SOLE |  | 376 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 607364 | 2110 | SH |  | SOLE |  | 2110 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 216037 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 415470 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 414382 | 1301 | SH |  | SOLE |  | 1301 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1474368 | 12268 | SH |  | SOLE |  | 12268 | 0 | 0 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 1031191 | 10644 | SH |  | SOLE |  | 10644 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 874810 | 6648 | SH |  | SOLE |  | 6648 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 405089 | 9097 | SH |  | SOLE |  | 9097 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 227156 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1109864 | 12940 | SH |  | SOLE |  | 12940 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1558314 | 24945 | SH |  | SOLE |  | 24945 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1168742 | 21740 | SH |  | SOLE |  | 21740 | 0 | 0 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 666960 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 220439 | 20525 | SH |  | SOLE |  | 20525 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 1268321 | 28054 | SH |  | SOLE |  | 28054 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 676122 | 5355 | SH |  | SOLE |  | 5355 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 315257 | 2771 | SH |  | SOLE |  | 2771 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 201943 | 2593 | SH |  | SOLE |  | 2593 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 327236 | 3698 | SH |  | SOLE |  | 3698 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 290730 | 3689 | SH |  | SOLE |  | 3689 | 0 | 0 |
| MSC INCOME FUND INC | COM | 55374X208 |  | 213525 | 16250 | SH |  | SOLE |  | 16250 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 289433 | 10637 | SH |  | SOLE |  | 10637 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 267344 | 3125 | SH |  | SOLE |  | 3125 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 1578277 | 2779 | SH |  | SOLE |  | 2779 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 429951 | 4593 | SH |  | SOLE |  | 4593 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 332748 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 487863 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 828704 | 6244 | SH |  | SOLE |  | 6244 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1789951 | 9175 | SH |  | SOLE |  | 9175 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 224992 | 13043 | SH |  | SOLE |  | 13043 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 280170 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 208347 | 7742 | SH |  | SOLE |  | 7742 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 233405 | 519 | SH |  | SOLE |  | 519 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 3019200 | 4 | SH |  | SOLE |  | 4 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 491110 | 4190 | SH |  | SOLE |  | 4190 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 302505 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 217754 | 4911 | SH |  | SOLE |  | 4911 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1937157 | 6189 | SH |  | SOLE |  | 6189 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2424067 | 3946 | SH |  | SOLE |  | 3946 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 353386 | 4948 | SH |  | SOLE |  | 4948 | 0 | 0 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 309221 | 3284 | SH |  | SOLE |  | 3284 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 260573 | 1041 | SH |  | SOLE |  | 1041 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1238197 | 6234 | SH |  | SOLE |  | 6234 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 440718 | 1442 | SH |  | SOLE |  | 1442 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 211060 | 1374 | SH |  | SOLE |  | 1374 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2218375 | 2943 | SH |  | SOLE |  | 2943 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 825435 | 2462 | SH |  | SOLE |  | 2462 | 0 | 0 |
| O-I GLASS INC | COM | 67098H104 |  | 658296 | 44600 | SH |  | SOLE |  | 44600 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 243392 | 1121 | SH |  | SOLE |  | 1121 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 409322 | 3267 | SH |  | SOLE |  | 3267 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 809737 | 939 | SH |  | SOLE |  | 939 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 281441 | 3146 | SH |  | SOLE |  | 3146 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 223258 | 4184 | SH |  | SOLE |  | 4184 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 488913 | 4846 | SH |  | SOLE |  | 4846 | 0 | 0 |
| PENNANTPARK INVT CORP | COM | 708062104 |  | 84632 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| ELLSWORTH GROWTH  INCOME FD | COM | 289074106 |  | 129093 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 1078580 | 10802 | SH |  | SOLE |  | 10802 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 248321 | 509 | SH |  | SOLE |  | 509 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 614547 | 12150 | SH |  | SOLE |  | 12150 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 258038 | 452 | SH |  | SOLE |  | 452 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 234681 | 1142 | SH |  | SOLE |  | 1142 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 657756 | 9966 | SH |  | SOLE |  | 9966 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 298179 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 869603 | 6806 | SH |  | SOLE |  | 6806 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 337521 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 283604 | 5929 | SH |  | SOLE |  | 5929 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 963155 | 4190 | SH |  | SOLE |  | 4190 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 554801 | 810 | SH |  | SOLE |  | 810 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 263688 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 769564 | 2905 | SH |  | SOLE |  | 2905 | 0 | 0 |
| BLACKROCK TAX MUNICPAL BD TR | SHS | 09248X100 |  | 182784 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 331534 | 3802 | SH |  | SOLE |  | 3802 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 315937 | 854 | SH |  | SOLE |  | 854 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 224565 | 392 | SH |  | SOLE |  | 392 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 382158 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| TRI CONTL CORP | COM | 895436103 |  | 318598 | 9755 | SH |  | SOLE |  | 9755 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 292597 | 1532 | SH |  | SOLE |  | 1532 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 315284 | 3275 | SH |  | SOLE |  | 3275 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 310988 | 3693 | SH |  | SOLE |  | 3693 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 308480 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 61950 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 457900 | 428 | SH |  | SOLE |  | 428 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 232416 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 234150 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 190937 | 96433 | SH |  | SOLE |  | 96433 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 241950 | 4514 | SH |  | SOLE |  | 4514 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 299650 | 6005 | SH |  | SOLE |  | 6005 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 624860 | 2269 | SH |  | SOLE |  | 2269 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 731100 | 1742 | SH |  | SOLE |  | 1742 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 451368 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 659250 | 2751 | SH |  | SOLE |  | 2751 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 613026 | 8799 | SH |  | SOLE |  | 8799 | 0 | 0 |

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