# EDGAR Filing Document

**Accession Number:** 0001907254
**File Stem:** 0001951757-25-001197
**Filing Date:** 2025-10
**Character Count:** 25018
**Document Hash:** 079102aef900512bfa38f8f2332ab4cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001197.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001951757-25-001197

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251027

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEALTH EFFECTS LLC
- **CENTRAL INDEX KEY:** 0001907254

**ORGANIZATION NAME:**
- **EIN:** 871225689
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21668
- **FILM NUMBER:** 251420946

**BUSINESS ADDRESS:**
- **STREET 1:** 256 FRANKLIN STREET
- **STREET 2:** SUITE 1702
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-465-2560

**MAIL ADDRESS:**
- **STREET 1:** 256 FRANKLIN STREET
- **STREET 2:** SUITE 1702
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### 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:** WEALTH EFFECTS LLC<br>**Address:** 256 FRANKLIN STREET<br>SUITE 1702<br>BOSTON, MA 02110

**Form 13F File Number:** 028-21668

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:** William Liberti<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-465-2560

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

William Liberti  Boston, MA  10-27-2025<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:** 217

**Form 13F Information Table Value Total:** $310968623

      (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 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 418381 | 8915 | SH |  | SOLE |  | 0 | 0 | 8915 |
| AT INC | COM | 00206R102 |  | 575334 | 20373 | SH |  | SOLE |  | 0 | 0 | 20373 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 392061 | 4543 | SH |  | SOLE |  | 0 | 0 | 4543 |
| ABBOTT LABS | COM | 002824100 |  | 793461 | 5924 | SH |  | SOLE |  | 0 | 0 | 5924 |
| ABBVIE INC | COM | 00287Y109 |  | 2319695 | 10019 | SH |  | SOLE |  | 0 | 0 | 10019 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 214320 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| AKEBIA THERAPEUTICS INC | COM | 00972D105 |  | 43680 | 16000 | SH |  | SOLE |  | 0 | 0 | 16000 |
| THE ALGER ETF TRUST | AI ENABLERS ADOP | 015564503 |  | 338709 | 9032 | SH |  | SOLE |  | 0 | 0 | 9032 |
| EA SERIES TRUST | SPARKLINE INTANG | 02072L771 |  | 677151 | 19506 | SH |  | SOLE |  | 0 | 0 | 19506 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1122026 | 4607 | SH |  | SOLE |  | 0 | 0 | 4607 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7161792 | 29460 | SH |  | SOLE |  | 0 | 0 | 29460 |
| ALTIMMUNE INC | COM NEW | 02155H200 |  | 225635 | 59850 | SH |  | SOLE |  | 0 | 0 | 59850 |
| OKLO INC | COM CL A | 02156V109 |  | 837225 | 7500 | SH |  | SOLE |  | 0 | 0 | 7500 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 571640 | 8653 | SH |  | SOLE |  | 0 | 0 | 8653 |
| AMAZON COM INC | COM | 023135106 |  | 13626884 | 62062 | SH |  | SOLE |  | 0 | 0 | 62062 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 384366 | 1999 | SH |  | SOLE |  | 0 | 0 | 1999 |
| AMGEN INC | COM | 031162100 |  | 737567 | 2614 | SH |  | SOLE |  | 0 | 0 | 2614 |
| APPLE INC | COM | 037833100 |  | 20764815 | 81549 | SH |  | SOLE |  | 0 | 0 | 81549 |
| APPLIED MATLS INC | COM | 038222105 |  | 554845 | 2710 | SH |  | SOLE |  | 0 | 0 | 2710 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 376362 | 6300 | SH |  | SOLE |  | 0 | 0 | 6300 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 5809841 | 168450 | SH |  | SOLE |  | 0 | 0 | 168450 |
| AUTOLUS THERAPEUTICS PLC | SPON ADS | 05280R100 |  | 26080 | 16000 | SH |  | SOLE |  | 0 | 0 | 16000 |
| BANK AMERICA CORP | COM | 060505104 |  | 1229751 | 23837 | SH |  | SOLE |  | 0 | 0 | 23837 |
| BEAM THERAPEUTICS INC | COM | 07373V105 |  | 223284 | 9200 | SH |  | SOLE |  | 0 | 0 | 9200 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2656981 | 5285 | SH |  | SOLE |  | 0 | 0 | 5285 |
| BEYOND AIR INC | COM NEW | 08862L202 |  | 77974 | 33755 | SH |  | SOLE |  | 0 | 0 | 33755 |
| BLACKROCK ENERGY  RES TR | COM | 09250U101 |  | 230690 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| BLACKROCK MUNIHLDGS NJ QLTY | COM | 09254X101 |  | 403262 | 34794 | SH |  | SOLE |  | 0 | 0 | 34794 |
| BLACKROCK SCIENCE  TECHNOLO | SHS | 09258G104 |  | 699087 | 16903 | SH |  | SOLE |  | 0 | 0 | 16903 |
| BLACKSTONE INC | COM | 09260D107 |  | 4171707 | 24417 | SH |  | SOLE |  | 0 | 0 | 24417 |
| BLACKROCK ETF TRUST | ISHARES INTL EQ | 09290C681 |  | 654877 | 7930 | SH |  | SOLE |  | 0 | 0 | 7930 |
| BLACKROCK INC | COM | 09290D101 |  | 396396 | 340 | SH |  | SOLE |  | 0 | 0 | 340 |
| BOEING CO | COM | 097023105 |  | 2227149 | 10319 | SH |  | SOLE |  | 0 | 0 | 10319 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 776880 | 17226 | SH |  | SOLE |  | 0 | 0 | 17226 |
| BROADCOM INC | COM | 11135F101 |  | 4768030 | 14453 | SH |  | SOLE |  | 0 | 0 | 14453 |
| CSX CORP | COM | 126408103 |  | 263662 | 7425 | SH |  | SOLE |  | 0 | 0 | 7425 |
| CVS HEALTH CORP | COM | 126650100 |  | 449217 | 5959 | SH |  | SOLE |  | 0 | 0 | 5959 |
| CALAMOS CONV OPPORTUNITIES | SH BEN INT | 128117108 |  | 194283 | 18006 | SH |  | SOLE |  | 0 | 0 | 18006 |
| CATERPILLAR INC | COM | 149123101 |  | 1446745 | 3032 | SH |  | SOLE |  | 0 | 0 | 3032 |
| CELESTICA INC | COM | 15101Q207 |  | 505079 | 2050 | SH |  | SOLE |  | 0 | 0 | 2050 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1168223 | 4972 | SH |  | SOLE |  | 0 | 0 | 4972 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2403220 | 15476 | SH |  | SOLE |  | 0 | 0 | 15476 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 263637 | 3009 | SH |  | SOLE |  | 0 | 0 | 3009 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1670902 | 16462 | SH |  | SOLE |  | 0 | 0 | 16462 |
| COHEN  STEERS REIT  PFD | COM | 19247X100 |  | 310224 | 13800 | SH |  | SOLE |  | 0 | 0 | 13800 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 680244 | 2067 | SH |  | SOLE |  | 0 | 0 | 2067 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 923738 | 6750 | SH |  | SOLE |  | 0 | 0 | 6750 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 714470 | 772 | SH |  | SOLE |  | 0 | 0 | 772 |
| CUMMINS INC | COM | 231021106 |  | 215766 | 511 | SH |  | SOLE |  | 0 | 0 | 511 |
| CURIOSITYSTREAM INC | COM CL A | 23130Q107 |  | 95950 | 18104 | SH |  | SOLE |  | 0 | 0 | 18104 |
| DANAHER CORPORATION | COM | 235851102 |  | 409464 | 2065 | SH |  | SOLE |  | 0 | 0 | 2065 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 362931 | 2560 | SH |  | SOLE |  | 0 | 0 | 2560 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 662914 | 11681 | SH |  | SOLE |  | 0 | 0 | 11681 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1318782 | 37615 | SH |  | SOLE |  | 0 | 0 | 37615 |
| DEXCOM INC | COM | 252131107 |  | 269160 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 |  | 1550864 | 45400 | SH |  | SOLE |  | 0 | 0 | 45400 |
| DISNEY WALT CO | COM | 254687106 |  | 298273 | 2605 | SH |  | SOLE |  | 0 | 0 | 2605 |
| DOW INC | COM | 260557103 |  | 255073 | 11124 | SH |  | SOLE |  | 0 | 0 | 11124 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 213180 | 5700 | SH |  | SOLE |  | 0 | 0 | 5700 |
| D-WAVE QUANTUM INC | COM | 26740W109 |  | 227332 | 9200 | SH |  | SOLE |  | 0 | 0 | 9200 |
| EATON VANCE ENHANCED EQUITY | COM | 278277108 |  | 215370 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| EATON VANCE TAX-MANAGED DIVE | COM | 27828N102 |  | 732667 | 46080 | SH |  | SOLE |  | 0 | 0 | 46080 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 |  | 520613 | 36534 | SH |  | SOLE |  | 0 | 0 | 36534 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 |  | 469260 | 51567 | SH |  | SOLE |  | 0 | 0 | 51567 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 |  | 138896 | 15450 | SH |  | SOLE |  | 0 | 0 | 15450 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 237048 | 13814 | SH |  | SOLE |  | 0 | 0 | 13814 |
| ENOVIX CORPORATION | COM | 293594107 |  | 2724518 | 273272 | SH |  | SOLE |  | 0 | 0 | 273272 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 334589 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 201757 | 3077 | SH |  | SOLE |  | 0 | 0 | 3077 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1262993 | 11202 | SH |  | SOLE |  | 0 | 0 | 11202 |
| FS KKR CAP CORP | COM | 302635206 |  | 240373 | 16100 | SH |  | SOLE |  | 0 | 0 | 16100 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8006755 | 10903 | SH |  | SOLE |  | 0 | 0 | 10903 |
| FASTLY INC | CL A | 31188V100 |  | 172290 | 20151 | SH |  | SOLE |  | 0 | 0 | 20151 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 639782 | 6410 | SH |  | SOLE |  | 0 | 0 | 6410 |
| FIDELITY COVINGTON TRUST | BLUE CHIP GRWTH | 316092352 |  | 553228 | 10310 | SH |  | SOLE |  | 0 | 0 | 10310 |
| FIRST TR EXCHANGE-TRADED FD | US EQTY OPPT ETF | 336920103 |  | 215284 | 1296 | SH |  | SOLE |  | 0 | 0 | 1296 |
| FIRST TR EXCHANGE-TRADED FD | DOW 30 EQL WGT | 33733A201 |  | 277861 | 6957 | SH |  | SOLE |  | 0 | 0 | 6957 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 491041 | 4371 | SH |  | SOLE |  | 0 | 0 | 4371 |
| FIRST TR EXCHANGE-TRADED FD | NY ARCA BIOTECH | 33733E203 |  | 481394 | 2685 | SH |  | SOLE |  | 0 | 0 | 2685 |
| FIRST TR EXCHANGE TRADED FD | ENERGY ALPHADX | 33734X127 |  | 171150 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| FIRST TR EXCHANGE TRADED FD | UTILITIES ALPH | 33734X184 |  | 313514 | 6898 | SH |  | SOLE |  | 0 | 0 | 6898 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 270527 | 2013 | SH |  | SOLE |  | 0 | 0 | 2013 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 356690 | 4693 | SH |  | SOLE |  | 0 | 0 | 4693 |
| FIRST TR EXCHANGE-TRADED ALP | COM SHS | 33734Y109 |  | 295317 | 2710 | SH |  | SOLE |  | 0 | 0 | 2710 |
| FIRST TR EXCHANGE-TRADED ALP | SML CP GRW ALP | 33737M300 |  | 259002 | 2855 | SH |  | SOLE |  | 0 | 0 | 2855 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 550738 | 14383 | SH |  | SOLE |  | 0 | 0 | 14383 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 2401353 | 35703 | SH |  | SOLE |  | 0 | 0 | 35703 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 467727 | 9394 | SH |  | SOLE |  | 0 | 0 | 9394 |
| GE VERNOVA INC | COM | 36828A101 |  | 1035559 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| GENERAC HLDGS INC | COM | 368736104 |  | 958365 | 5725 | SH |  | SOLE |  | 0 | 0 | 5725 |
| GE AEROSPACE | COM NEW | 369604301 |  | 647001 | 2151 | SH |  | SOLE |  | 0 | 0 | 2151 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 432000 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 1110193 | 65267 | SH |  | SOLE |  | 0 | 0 | 65267 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 522786 | 656 | SH |  | SOLE |  | 0 | 0 | 656 |
| HOME DEPOT INC | COM | 437076102 |  | 1018863 | 2515 | SH |  | SOLE |  | 0 | 0 | 2515 |
| HONEYWELL INTL INC | COM | 438516106 |  | 272862 | 1296 | SH |  | SOLE |  | 0 | 0 | 1296 |
| HUMACYTE INC | COM | 44486Q103 |  | 361949 | 208017 | SH |  | SOLE |  | 0 | 0 | 208017 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 281670 | 114500 | SH |  | SOLE |  | 0 | 0 | 114500 |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 |  | 121897 | 29950 | SH |  | SOLE |  | 0 | 0 | 29950 |
| INTEL CORP | COM | 458140100 |  | 688782 | 20530 | SH |  | SOLE |  | 0 | 0 | 20530 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 3821075 | 13542 | SH |  | SOLE |  | 0 | 0 | 13542 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1661159 | 2767 | SH |  | SOLE |  | 0 | 0 | 2767 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 224087 | 2025 | SH |  | SOLE |  | 0 | 0 | 2025 |
| IONQ INC | COM | 46222L108 |  | 377426 | 6137 | SH |  | SOLE |  | 0 | 0 | 6137 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 272580 | 15612 | SH |  | SOLE |  | 0 | 0 | 15612 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2148511 | 14751 | SH |  | SOLE |  | 0 | 0 | 14751 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2851887 | 4261 | SH |  | SOLE |  | 0 | 0 | 4261 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 294058 | 2638 | SH |  | SOLE |  | 0 | 0 | 2638 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1235343 | 5982 | SH |  | SOLE |  | 0 | 0 | 5982 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 305956 | 3688 | SH |  | SOLE |  | 0 | 0 | 3688 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1441920 | 22095 | SH |  | SOLE |  | 0 | 0 | 22095 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 264242 | 723 | SH |  | SOLE |  | 0 | 0 | 723 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 594557 | 1569 | SH |  | SOLE |  | 0 | 0 | 1569 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 237970 | 1215 | SH |  | SOLE |  | 0 | 0 | 1215 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 710722 | 5981 | SH |  | SOLE |  | 0 | 0 | 5981 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 346305 | 3243 | SH |  | SOLE |  | 0 | 0 | 3243 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 313923 | 9928 | SH |  | SOLE |  | 0 | 0 | 9928 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 322357 | 3657 | SH |  | SOLE |  | 0 | 0 | 3657 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 637033 | 15035 | SH |  | SOLE |  | 0 | 0 | 15035 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 594747 | 8736 | SH |  | SOLE |  | 0 | 0 | 8736 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 220312 | 8746 | SH |  | SOLE |  | 0 | 0 | 8746 |
| PERSPECTIVE THERAPEUTICS INC | COM NEW | 46489V302 |  | 89180 | 26000 | SH |  | SOLE |  | 0 | 0 | 26000 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 9364860 | 29689 | SH |  | SOLE |  | 0 | 0 | 29689 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1794838 | 31433 | SH |  | SOLE |  | 0 | 0 | 31433 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 1389900 | 24164 | SH |  | SOLE |  | 0 | 0 | 24164 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1248377 | 6733 | SH |  | SOLE |  | 0 | 0 | 6733 |
| JUMIA TECHNOLOGIES AG | SPONSORED ADS | 48138M105 |  | 941111 | 81060 | SH |  | SOLE |  | 0 | 0 | 81060 |
| KENVUE INC | COM | 49177J102 |  | 802858 | 49468 | SH |  | SOLE |  | 0 | 0 | 49468 |
| KEYCORP | COM | 493267108 |  | 276874 | 14814 | SH |  | SOLE |  | 0 | 0 | 14814 |
| KOHLS CORP | COM | 500255104 |  | 153700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 203528 | 1520 | SH |  | SOLE |  | 0 | 0 | 1520 |
| LIGHTPATH TECHNOLOGIES INC | COM CL A | 532257805 |  | 1183553 | 149250 | SH |  | SOLE |  | 0 | 0 | 149250 |
| ELI LILLY  CO | COM | 532457108 |  | 653826 | 857 | SH |  | SOLE |  | 0 | 0 | 857 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 299543 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 370562 | 5525 | SH |  | SOLE |  | 0 | 0 | 5525 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 288955 | 508 | SH |  | SOLE |  | 0 | 0 | 508 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 387932 | 166 | SH |  | SOLE |  | 0 | 0 | 166 |
| MERCK  CO INC | COM | 58933Y105 |  | 882440 | 10514 | SH |  | SOLE |  | 0 | 0 | 10514 |
| MICROSOFT CORP | COM | 594918104 |  | 8632006 | 16666 | SH |  | SOLE |  | 0 | 0 | 16666 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2986592 | 17850 | SH |  | SOLE |  | 0 | 0 | 17850 |
| MONTE ROSA THERAPEUTICS INC | COM | 61225M102 |  | 74834 | 10099 | SH |  | SOLE |  | 0 | 0 | 10099 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 806722 | 5075 | SH |  | SOLE |  | 0 | 0 | 5075 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 297239 | 650 | SH |  | SOLE |  | 0 | 0 | 650 |
| NETFLIX INC | COM | 64110L106 |  | 1408731 | 1175 | SH |  | SOLE |  | 0 | 0 | 1175 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1302358 | 17252 | SH |  | SOLE |  | 0 | 0 | 17252 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 30566805 | 163827 | SH |  | SOLE |  | 0 | 0 | 163827 |
| NUVEEN NEW JERSEY QULT MUN F | COM | 67069Y102 |  | 282948 | 22800 | SH |  | SOLE |  | 0 | 0 | 22800 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 1026000 | 28500 | SH |  | SOLE |  | 0 | 0 | 28500 |
| ONDAS HLDGS INC | COM NEW | 68236H204 |  | 1411216 | 182800 | SH |  | SOLE |  | 0 | 0 | 182800 |
| ORACLE CORP | COM | 68389X105 |  | 1619716 | 5759 | SH |  | SOLE |  | 0 | 0 | 5759 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 361207 | 33821 | SH |  | SOLE |  | 0 | 0 | 33821 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 998932 | 5476 | SH |  | SOLE |  | 0 | 0 | 5476 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 237255 | 1165 | SH |  | SOLE |  | 0 | 0 | 1165 |
| PFIZER INC | COM | 717081103 |  | 2050006 | 80455 | SH |  | SOLE |  | 0 | 0 | 80455 |
| PITNEY BOWES INC | COM | 724479100 |  | 696010 | 61000 | SH |  | SOLE |  | 0 | 0 | 61000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1269803 | 8264 | SH |  | SOLE |  | 0 | 0 | 8264 |
| PROSHARES TR | LARGE CAP CRE | 74347R248 |  | 245249 | 3203 | SH |  | SOLE |  | 0 | 0 | 3203 |
| PURE CYCLE CORP | COM NEW | 746228303 |  | 232470 | 21000 | SH |  | SOLE |  | 0 | 0 | 21000 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 610160 | 46400 | SH |  | SOLE |  | 0 | 0 | 46400 |
| RTX CORPORATION | COM | 75513E101 |  | 782770 | 4678 | SH |  | SOLE |  | 0 | 0 | 4678 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 2783126 | 70245 | SH |  | SOLE |  | 0 | 0 | 70245 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 760778 | 1142 | SH |  | SOLE |  | 0 | 0 | 1142 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 501568 | 1411 | SH |  | SOLE |  | 0 | 0 | 1411 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 211476 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 654035 | 5903 | SH |  | SOLE |  | 0 | 0 | 5903 |
| SALESFORCE INC | COM | 79466L302 |  | 278475 | 1175 | SH |  | SOLE |  | 0 | 0 | 1175 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 421467 | 13208 | SH |  | SOLE |  | 0 | 0 | 13208 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 358613 | 13136 | SH |  | SOLE |  | 0 | 0 | 13136 |
| SCYNEXIS INC | COM NEW | 811292200 |  | 76615 | 99500 | SH |  | SOLE |  | 0 | 0 | 99500 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 |  | 654245 | 21500 | SH |  | SOLE |  | 0 | 0 | 21500 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 306226 | 3907 | SH |  | SOLE |  | 0 | 0 | 3907 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 776633 | 8693 | SH |  | SOLE |  | 0 | 0 | 8693 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 327060 | 6071 | SH |  | SOLE |  | 0 | 0 | 6071 |
| SENTINELONE INC | CL A | 81730H109 |  | 1002890 | 56950 | SH |  | SOLE |  | 0 | 0 | 56950 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 286074 | 1925 | SH |  | SOLE |  | 0 | 0 | 1925 |
| QXO INC | COM NEW | 82846H405 |  | 276379 | 14500 | SH |  | SOLE |  | 0 | 0 | 14500 |
| STATE STR CORP | COM | 857477103 |  | 644320 | 5554 | SH |  | SOLE |  | 0 | 0 | 5554 |
| STEREOTAXIS INC | COM NEW | 85916J409 |  | 233437 | 75060 | SH |  | SOLE |  | 0 | 0 | 75060 |
| STRATEGY SHS | DAY HAGAN SMART | 86280R803 |  | 269940 | 5588 | SH |  | SOLE |  | 0 | 0 | 5588 |
| SUNOPTA INC | COM | 8676EP108 |  | 137710 | 23500 | SH |  | SOLE |  | 0 | 0 | 23500 |
| TJX COS INC NEW | COM | 872540109 |  | 337879 | 2338 | SH |  | SOLE |  | 0 | 0 | 2338 |
| ABRDN WORLD HEALTHCARE FUND | BEN INT SHS | 87911L108 |  | 379260 | 30100 | SH |  | SOLE |  | 0 | 0 | 30100 |
| TESLA INC | COM | 88160R101 |  | 3317611 | 7460 | SH |  | SOLE |  | 0 | 0 | 7460 |
| TG THERAPEUTICS INC | COM | 88322Q108 |  | 433500 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 3057081 | 62377 | SH |  | SOLE |  | 0 | 0 | 62377 |
| 3-D SYS CORP DEL | COM NEW | 88554D205 |  | 492130 | 169700 | SH |  | SOLE |  | 0 | 0 | 169700 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 260477 | 3258 | SH |  | SOLE |  | 0 | 0 | 3258 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 317050 | 5575 | SH |  | SOLE |  | 0 | 0 | 5575 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 343939 | 1232 | SH |  | SOLE |  | 0 | 0 | 1232 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 215730 | 2202 | SH |  | SOLE |  | 0 | 0 | 2202 |
| UNITED RENTALS INC | COM | 911363109 |  | 3478244 | 3643 | SH |  | SOLE |  | 0 | 0 | 3643 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1822094 | 5277 | SH |  | SOLE |  | 0 | 0 | 5277 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 319369 | 1480 | SH |  | SOLE |  | 0 | 0 | 1480 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 570369 | 7764 | SH |  | SOLE |  | 0 | 0 | 7764 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 657859 | 8846 | SH |  | SOLE |  | 0 | 0 | 8846 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 542343 | 3848 | SH |  | SOLE |  | 0 | 0 | 3848 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 803488 | 1076 | SH |  | SOLE |  | 0 | 0 | 1076 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 493224 | 2604 | SH |  | SOLE |  | 0 | 0 | 2604 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 808767 | 10118 | SH |  | SOLE |  | 0 | 0 | 10118 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 458665 | 5453 | SH |  | SOLE |  | 0 | 0 | 5453 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2247702 | 3670 | SH |  | SOLE |  | 0 | 0 | 3670 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 277960 | 1592 | SH |  | SOLE |  | 0 | 0 | 1592 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 484343 | 5298 | SH |  | SOLE |  | 0 | 0 | 5298 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2808139 | 5855 | SH |  | SOLE |  | 0 | 0 | 5855 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 9010616 | 27457 | SH |  | SOLE |  | 0 | 0 | 27457 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1558775 | 35467 | SH |  | SOLE |  | 0 | 0 | 35467 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1108898 | 7351 | SH |  | SOLE |  | 0 | 0 | 7351 |
| VICTORY PORTFOLIOS II | VICTORYSHARES WE | 92647P126 |  | 602198 | 13030 | SH |  | SOLE |  | 0 | 0 | 13030 |
| VISA INC | COM CL A | 92826C839 |  | 1091231 | 3197 | SH |  | SOLE |  | 0 | 0 | 3197 |
| VISTRA CORP | COM | 92840M102 |  | 1132842 | 5782 | SH |  | SOLE |  | 0 | 0 | 5782 |
| WALMART INC | COM | 931142103 |  | 1182677 | 11476 | SH |  | SOLE |  | 0 | 0 | 11476 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 458616 | 18500 | SH |  | SOLE |  | 0 | 0 | 18500 |
| ZENATECH INC | COM NEW | 98936T208 |  | 110400 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| ZOETIS INC | CL A | 98978V103 |  | 243974 | 1667 | SH |  | SOLE |  | 0 | 0 | 1667 |
| AVADEL PHARMACEUTICALS PLC | COM SHS | G29687103 |  | 34950169 | 2288813 | SH |  | SOLE |  | 0 | 0 | 2288813 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 367956 | 380 | SH |  | SOLE |  | 0 | 0 | 380 |
| ELASTIC N V | ORD SHS | N14506104 |  | 2339810 | 27693 | SH |  | SOLE |  | 0 | 0 | 27693 |

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