# EDGAR Filing Document

**Accession Number:** 0000791191
**File Stem:** 0000791191-25-000006
**Filing Date:** 2025-10
**Character Count:** 18061
**Document Hash:** eac4485a8986d630a84ae0c4f589bf34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000791191-25-000006.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0000791191-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251014

**EFFECTIVENESS DATE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANDERSON HOAGLAND & CO
- **CENTRAL INDEX KEY:** 0000791191

**ORGANIZATION NAME:**
- **EIN:** 431187372
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01690
- **FILM NUMBER:** 251392830

**BUSINESS ADDRESS:**
- **STREET 1:** 9811 SOUTH FORTY DRIVE
- **STREET 2:** SUITE 200
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63124
- **BUSINESS PHONE:** 3147262107

**MAIL ADDRESS:**
- **STREET 1:** 9811 SOUTH FORTY DRIVE
- **STREET 2:** SUITE 200
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANDERSON HOAGLAND CO
- **DATE OF NAME CHANGE:** 20130722

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANDERSON HOAGLAND & CO
- **DATE OF NAME CHANGE:** 19990402

### 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:** ANDERSON HOAGLAND  CO<br>**Address:** 9811 SOUTH FORTY DRIVE<br>SUITE 200<br>ST LOUIS, MO 63124

**Form 13F File Number:** 028-01690

**CRD Number (if applicable):** 000105157

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:** Sherry A OBrien<br>**Title:** Practice Manager<br>**Phone:** 3147262107

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

Sherry A. O'Brien  St. Louis, MO  10-14-2025<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:** 139

**Form 13F Information Table Value Total:** $1114492092

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 4319901 | 27838 | SH |  | SOLE | 0 | 0 | 0 | 27838 |
| ABBVIE INC | COM | 00287Y109 |  | 2395281 | 10345 | SH |  | SOLE | 0 | 0 | 0 | 10345 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3393139 | 13932 | SH |  | SOLE | 0 | 0 | 0 | 13932 |
| AMAZON COM INC | COM | 023135106 |  | 37344905 | 170082 | SH |  | SOLE | 0 | 0 | 0 | 170082 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 12610070 | 116008 | SH |  | SOLE | 0 | 0 | 0 | 116008 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 4704649 | 59628 | SH |  | SOLE | 0 | 0 | 0 | 59628 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 7753623 | 87090 | SH |  | SOLE | 0 | 0 | 0 | 87090 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 7284892 | 100815 | SH |  | SOLE | 0 | 0 | 0 | 100815 |
| AMERICAN CENTY ETF TR | EMERGING MKT VAL | 025072372 |  | 8956834 | 156124 | SH |  | SOLE | 0 | 0 | 0 | 156124 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 3758179 | 55726 | SH |  | SOLE | 0 | 0 | 0 | 55726 |
| AON PLC | SHS CL A | G0403H108 |  | 3516592 | 9862 | SH |  | SOLE | 0 | 0 | 0 | 9862 |
| APPLE INC | COM | 037833100 |  | 1438925 | 5651 | SH |  | SOLE | 0 | 0 | 0 | 5651 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 5976988 | 6174 | SH |  | SOLE | 0 | 0 | 0 | 6174 |
| BANCORP INC DEL | COM | 05969A105 |  | 4282060 | 57178 | SH |  | SOLE | 0 | 0 | 0 | 57178 |
| BANK AMERICA CORP | COM | 060505104 |  | 11977908 | 232175 | SH |  | SOLE | 0 | 0 | 0 | 232175 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 2127129 | 58518 | SH |  | SOLE | 0 | 0 | 0 | 58518 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 967775 | 1925 | SH |  | SOLE | 0 | 0 | 0 | 1925 |
| BROADCOM INC | COM | 11135F101 |  | 5817303 | 17633 | SH |  | SOLE | 0 | 0 | 0 | 17633 |
| CAMECO CORP | COM | 13321L108 |  | 5137347 | 61261 | SH |  | SOLE | 0 | 0 | 0 | 61261 |
| CANTALOUPE INC | COM | 138103106 |  | 1856779 | 175665 | SH |  | SOLE | 0 | 0 | 0 | 175665 |
| CATERPILLAR INC | COM | 149123101 |  | 9155077 | 19187 | SH |  | SOLE | 0 | 0 | 0 | 19187 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2687466 | 11437 | SH |  | SOLE | 0 | 0 | 0 | 11437 |
| CITIGROUP INC | COM NEW | 172967424 |  | 6762438 | 66625 | SH |  | SOLE | 0 | 0 | 0 | 66625 |
| COCA COLA CO | COM | 191216100 |  | 1537696 | 23186 | SH |  | SOLE | 0 | 0 | 0 | 23186 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 3246063 | 103312 | SH |  | SOLE | 0 | 0 | 0 | 103312 |
| COMFORT SYS USA INC | COM | 199908104 |  | 6765651 | 8199 | SH |  | SOLE | 0 | 0 | 0 | 8199 |
| CROWN CASTLE INC | COM | 22822V101 |  | 2289042 | 23723 | SH |  | SOLE | 0 | 0 | 0 | 23723 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 328926 | 1355 | SH |  | SOLE | 0 | 0 | 0 | 1355 |
| CUMMINS INC | COM | 231021106 |  | 9936677 | 23526 | SH |  | SOLE | 0 | 0 | 0 | 23526 |
| D R HORTON INC | COM | 23331A109 |  | 3756980 | 22169 | SH |  | SOLE | 0 | 0 | 0 | 22169 |
| DEERE  CO | COM | 244199105 |  | 277557 | 607 | SH |  | SOLE | 0 | 0 | 0 | 607 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 3486834 | 61442 | SH |  | SOLE | 0 | 0 | 0 | 61442 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 742395 | 19248 | SH |  | SOLE | 0 | 0 | 0 | 19248 |
| DISNEY WALT CO | COM | 254687106 |  | 5363753 | 46845 | SH |  | SOLE | 0 | 0 | 0 | 46845 |
| ELI LILLY  CO | COM | 532457108 |  | 17245326 | 22602 | SH |  | SOLE | 0 | 0 | 0 | 22602 |
| EMERSON ELEC CO | COM | 291011104 |  | 376749 | 2872 | SH |  | SOLE | 0 | 0 | 0 | 2872 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 241404 | 7720 | SH |  | SOLE | 0 | 0 | 0 | 7720 |
| EQT CORP | COM | 26884L109 |  | 975440 | 17921 | SH |  | SOLE | 0 | 0 | 0 | 17921 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7545117 | 66919 | SH |  | SOLE | 0 | 0 | 0 | 66919 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 4290982 | 109408 | SH |  | SOLE | 0 | 0 | 0 | 109408 |
| GE AEROSPACE | COM NEW | 369604301 |  | 11571944 | 38468 | SH |  | SOLE | 0 | 0 | 0 | 38468 |
| GE VERNOVA INC | COM | 36828A101 |  | 7610617 | 12377 | SH |  | SOLE | 0 | 0 | 0 | 12377 |
| GENERAL MTRS CO | COM | 37045V100 |  | 7513760 | 123237 | SH |  | SOLE | 0 | 0 | 0 | 123237 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2097586 | 2634 | SH |  | SOLE | 0 | 0 | 0 | 2634 |
| IDEXX LABS INC | COM | 45168D104 |  | 6323094 | 9897 | SH |  | SOLE | 0 | 0 | 0 | 9897 |
| ILLUMINA INC | COM | 452327109 |  | 795089 | 8372 | SH |  | SOLE | 0 | 0 | 0 | 8372 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2990207 | 43456 | SH |  | SOLE | 0 | 0 | 0 | 43456 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10611755 | 37609 | SH |  | SOLE | 0 | 0 | 0 | 37609 |
| INTUIT | COM | 461202103 |  | 8772662 | 12846 | SH |  | SOLE | 0 | 0 | 0 | 12846 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 1962806 | 71924 | SH |  | SOLE | 0 | 0 | 0 | 71924 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 5646221 | 244531 | SH |  | SOLE | 0 | 0 | 0 | 244531 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 59060059 | 811599 | SH |  | SOLE | 0 | 0 | 0 | 811599 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 10595142 | 165990 | SH |  | SOLE | 0 | 0 | 0 | 165990 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 41660894 | 617107 | SH |  | SOLE | 0 | 0 | 0 | 617107 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 7956702 | 157278 | SH |  | SOLE | 0 | 0 | 0 | 157278 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 9392481 | 36625 | SH |  | SOLE | 0 | 0 | 0 | 36625 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 5600942 | 44790 | SH |  | SOLE | 0 | 0 | 0 | 44790 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 1416123 | 61251 | SH |  | SOLE | 0 | 0 | 0 | 61251 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 5415385 | 104022 | SH |  | SOLE | 0 | 0 | 0 | 104022 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 13410554 | 153597 | SH |  | SOLE | 0 | 0 | 0 | 153597 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 16586422 | 174337 | SH |  | SOLE | 0 | 0 | 0 | 174337 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 12534141 | 147756 | SH |  | SOLE | 0 | 0 | 0 | 147756 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 |  | 2571309 | 74878 | SH |  | SOLE | 0 | 0 | 0 | 74878 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 5904871 | 55450 | SH |  | SOLE | 0 | 0 | 0 | 55450 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 5121382 | 47962 | SH |  | SOLE | 0 | 0 | 0 | 47962 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 289929 | 4197 | SH |  | SOLE | 0 | 0 | 0 | 4197 |
| ISHARES TR | MSCI JP VALUE | 46435U374 |  | 10352000 | 265074 | SH |  | SOLE | 0 | 0 | 0 | 265074 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 9648671 | 95816 | SH |  | SOLE | 0 | 0 | 0 | 95816 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 2324999 | 22575 | SH |  | SOLE | 0 | 0 | 0 | 22575 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 512676 | 3600 | SH |  | SOLE | 0 | 0 | 0 | 3600 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 432977 | 3100 | SH |  | SOLE | 0 | 0 | 0 | 3100 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 572872 | 1790 | SH |  | SOLE | 0 | 0 | 0 | 1790 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 1163070 | 8966 | SH |  | SOLE | 0 | 0 | 0 | 8966 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 1590048 | 16582 | SH |  | SOLE | 0 | 0 | 0 | 16582 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 736208 | 3565 | SH |  | SOLE | 0 | 0 | 0 | 3565 |
| ISHARES TR | CORE S ETF | 464287200 |  | 16174459 | 24166 | SH |  | SOLE | 0 | 0 | 0 | 24166 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1055207 | 5183 | SH |  | SOLE | 0 | 0 | 0 | 5183 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1315764 | 2809 | SH |  | SOLE | 0 | 0 | 0 | 2809 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 43850341 | 181230 | SH |  | SOLE | 0 | 0 | 0 | 181230 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3930533 | 21198 | SH |  | SOLE | 0 | 0 | 0 | 21198 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 27653433 | 87669 | SH |  | SOLE | 0 | 0 | 0 | 87669 |
| KENVUE INC | COM | 49177J102 |  | 1550987 | 95563 | SH |  | SOLE | 0 | 0 | 0 | 95563 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 575663 | 13703 | SH |  | SOLE | 0 | 0 | 0 | 13703 |
| MCKESSON CORP | COM | 58155Q103 |  | 203178 | 263 | SH |  | SOLE | 0 | 0 | 0 | 263 |
| MICROSOFT CORP | COM | 594918104 |  | 56216739 | 108537 | SH |  | SOLE | 0 | 0 | 0 | 108537 |
| MUELLER INDS INC | COM | 624756102 |  | 5462670 | 54027 | SH |  | SOLE | 0 | 0 | 0 | 54027 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 51773711 | 277488 | SH |  | SOLE | 0 | 0 | 0 | 277488 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 4752694 | 23341 | SH |  | SOLE | 0 | 0 | 0 | 23341 |
| PENNYMAC CORP | NOTE 5.500% 3/1 | 70932AAF0 |  | 22897 | 23000 | PRN |  | SOLE | 0 | 0 | 0 | 23000 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 1690659 | 18026 | SH |  | SOLE | 0 | 0 | 0 | 18026 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2856823 | 14218 | SH |  | SOLE | 0 | 0 | 0 | 14218 |
| POST HLDGS INC | COM | 737446104 |  | 2679584 | 24931 | SH |  | SOLE | 0 | 0 | 0 | 24931 |
| QUANTA SVCS INC | COM | 74762E102 |  | 4985058 | 12029 | SH |  | SOLE | 0 | 0 | 0 | 12029 |
| RANGE RES CORP | COM | 75281A109 |  | 2615905 | 69498 | SH |  | SOLE | 0 | 0 | 0 | 69498 |
| REDWOOD TRUST INC | NOTE 7.750% 6/1 | 758075AF2 |  | 10038 | 10000 | PRN |  | SOLE | 0 | 0 | 0 | 10000 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 250772 | 446 | SH |  | SOLE | 0 | 0 | 0 | 446 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 3188974 | 16598 | SH |  | SOLE | 0 | 0 | 0 | 16598 |
| ROSS STORES INC | COM | 778296103 |  | 2677949 | 17573 | SH |  | SOLE | 0 | 0 | 0 | 17573 |
| RTX CORPORATION | COM | 75513E101 |  | 269736 | 1612 | SH |  | SOLE | 0 | 0 | 0 | 1612 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 2606650 | 46250 | SH |  | SOLE | 0 | 0 | 0 | 46250 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 2674433 | 77813 | SH |  | SOLE | 0 | 0 | 0 | 77813 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 1469978 | 60245 | SH |  | SOLE | 0 | 0 | 0 | 60245 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 4419791 | 164000 | SH |  | SOLE | 0 | 0 | 0 | 164000 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 961437 | 10762 | SH |  | SOLE | 0 | 0 | 0 | 10762 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 4186434 | 18561 | SH |  | SOLE | 0 | 0 | 0 | 18561 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 8861057 | 335392 | SH |  | SOLE | 0 | 0 | 0 | 335392 |
| SPDR SERIES TRUST | S BK ETF | 78464A797 |  | 292703 | 4926 | SH |  | SOLE | 0 | 0 | 0 | 4926 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 12271374 | 733057 | SH |  | SOLE | 0 | 0 | 0 | 733057 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 3648818 | 14123 | SH |  | SOLE | 0 | 0 | 0 | 14123 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 2792780 | 14615 | SH |  | SOLE | 0 | 0 | 0 | 14615 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 6267631 | 63975 | SH |  | SOLE | 0 | 0 | 0 | 63975 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1210083 | 15496 | SH |  | SOLE | 0 | 0 | 0 | 15496 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 11543412 | 39298 | SH |  | SOLE | 0 | 0 | 0 | 39298 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 601294 | 2881 | SH |  | SOLE | 0 | 0 | 0 | 2881 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1887796 | 7424 | SH |  | SOLE | 0 | 0 | 0 | 7424 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 35955417 | 74968 | SH |  | SOLE | 0 | 0 | 0 | 74968 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 309014 | 1657 | SH |  | SOLE | 0 | 0 | 0 | 1657 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4337095 | 13216 | SH |  | SOLE | 0 | 0 | 0 | 13216 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 795625 | 2584 | SH |  | SOLE | 0 | 0 | 0 | 2584 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 826850 | 10935 | SH |  | SOLE | 0 | 0 | 0 | 10935 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 294651 | 2067 | SH |  | SOLE | 0 | 0 | 0 | 2067 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 10639164 | 196367 | SH |  | SOLE | 0 | 0 | 0 | 196367 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 2392751 | 33526 | SH |  | SOLE | 0 | 0 | 0 | 33526 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 18690197 | 234213 | SH |  | SOLE | 0 | 0 | 0 | 234213 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3946457 | 77947 | SH |  | SOLE | 0 | 0 | 0 | 77947 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 16238252 | 324311 | SH |  | SOLE | 0 | 0 | 0 | 324311 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 2028534 | 33792 | SH |  | SOLE | 0 | 0 | 0 | 33792 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 17724855 | 301187 | SH |  | SOLE | 0 | 0 | 0 | 301187 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 970623 | 4498 | SH |  | SOLE | 0 | 0 | 0 | 4498 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 23404509 | 390596 | SH |  | SOLE | 0 | 0 | 0 | 390596 |
| VANGUARD WELLINGTON FD | US MOMENTUM | 921935508 |  | 22807528 | 119040 | SH |  | SOLE | 0 | 0 | 0 | 119040 |
| VANGUARD WELLINGTON FD | US MINIMUM | 921935409 |  | 23224183 | 176868 | SH |  | SOLE | 0 | 0 | 0 | 176868 |
| VANGUARD WELLINGTON FD | US VALUE FACTR | 921935805 |  | 31849544 | 249722 | SH |  | SOLE | 0 | 0 | 0 | 249722 |
| VANGUARD WELLINGTON FD | US MULTIFACTOR | 921935607 |  | 43046398 | 298366 | SH |  | SOLE | 0 | 0 | 0 | 298366 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 6174988 | 15767 | SH |  | SOLE | 0 | 0 | 0 | 15767 |
| VISA INC | COM CL A | 92826C839 |  | 15931863 | 46669 | SH |  | SOLE | 0 | 0 | 0 | 46669 |
| WALMART INC | COM | 931142103 |  | 4381184 | 42511 | SH |  | SOLE | 0 | 0 | 0 | 42511 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 10583677 | 210537 | SH |  | SOLE | 0 | 0 | 0 | 210537 |
| ZOETIS INC | CL A | 98978V103 |  | 3101838 | 21199 | SH |  | SOLE | 0 | 0 | 0 | 21199 |

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