# EDGAR Filing Document

**Accession Number:** 0001607866
**File Stem:** 0001607866-26-000001
**Filing Date:** 2026-1
**Character Count:** 18630
**Document Hash:** f9098890078b31826c99975ecfa28eb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001607866-26-000001.hdr.sgml**: 20260130

**ACCESSION NUMBER**: 0001607866-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260130

**DATE AS OF CHANGE**: 20260130

**EFFECTIVENESS DATE**: 20260130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FAGAN ASSOCIATES, INC.
- **CENTRAL INDEX KEY:** 0001607866

**ORGANIZATION NAME:**
- **EIN:** 141722248
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16157
- **FILM NUMBER:** 26581501

**BUSINESS ADDRESS:**
- **STREET 1:** 767 HOOSICK ROAD
- **CITY:** TROY
- **STATE:** NY
- **ZIP:** 12180
- **BUSINESS PHONE:** 518-279-1044

**MAIL ADDRESS:**
- **STREET 1:** 767 HOOSICK ROAD
- **CITY:** TROY
- **STATE:** NY
- **ZIP:** 12180

### 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:** FAGAN ASSOCIATES INC.<br>**Address:** 767 HOOSICK ROAD<br>TROY, NY 12180

**Form 13F File Number:** 028-16157

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:** Dennis Fagan<br>**Title:** President<br>**Phone:** 518-279-1044

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

/s/  Dennis Fagan  Troy, NY  01-30-2026<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:** 134

**Form 13F Information Table Value Total:** $750051639

      (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 | BBG001S5T7X2 | 3839678 | 23983 | SH |  | SOLE |  | 23983 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 21612385 | 100917 | SH |  | SOLE |  | 100917 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 220540 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AIRJOULE TECHNOLOGIES CORP | CL A | 612160101 | BBG014FPNHD1 | 45771 | 11617 | SH |  | SOLE |  | 11617 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 75259363 | 240445 | SH |  | SOLE |  | 240445 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 447480 | 1426 | SH |  | SOLE |  | 1426 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 23807467 | 103143 | SH |  | SOLE |  | 103143 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 467987 | 1265 | SH |  | SOLE |  | 1265 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 47608553 | 175122 | SH |  | SOLE |  | 175122 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 11330326 | 206006 | SH |  | SOLE |  | 206006 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 9803686 | 19504 | SH |  | SOLE |  | 19504 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 7928571 | 36517 | SH |  | SOLE |  | 36517 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 240141 | 4452 | SH |  | SOLE |  | 4452 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 260163 | 1266 | SH |  | SOLE |  | 1266 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 950964 | 1660 | SH |  | SOLE |  | 1660 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 10773935 | 70690 | SH |  | SOLE |  | 70690 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 6169102 | 80087 | SH |  | SOLE |  | 80087 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 608730 | 8707 | SH |  | SOLE |  | 8707 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 373375 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1308717 | 2811 | SH |  | SOLE |  | 2811 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 3988890 | 35061 | SH |  | SOLE |  | 35061 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 374720 | 3197 | SH |  | SOLE |  | 3197 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 225093 | 1696 | SH |  | SOLE |  | 1696 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 5579437 | 46364 | SH |  | SOLE |  | 46364 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 | BBG009K1H2W7 | 1526887 | 21370 | SH |  | SOLE |  | 21370 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 | BBG0063G4FX3 | 6672880 | 67869 | SH |  | SOLE |  | 67869 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | SMITH OPPORT FXD | 33740F805 | BBG00FZ4KG74 | 3386757 | 76416 | SH |  | SOLE |  | 76416 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 1860493 | 6040 | SH |  | SOLE |  | 6040 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 757493 | 1159 | SH |  | SOLE |  | 1159 | 0 | 0 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 | BBG01NX636V7 | 552793 | 14273 | SH |  | SOLE |  | 14273 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 | BBG008748J97 | 2943103 | 43053 | SH |  | SOLE |  | 43053 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 815476 | 4180 | SH |  | SOLE |  | 4180 | 0 | 0 |
| IDEX CORP | COM | 45167R104 | BBG001S67N14 | 417269 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 662503 | 17954 | SH |  | SOLE |  | 17954 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2781412 | 9390 | SH |  | SOLE |  | 9390 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 218615 | 386 | SH |  | SOLE |  | 386 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 | BBG001STKGB3 | 443941 | 16321 | SH |  | SOLE |  | 16321 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | DORSEY WRGT INDS | 46137V845 | BBG001SRNLL2 | 616260 | 3530 | SH |  | SOLE |  | 3530 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 842219 | 1371 | SH |  | SOLE |  | 1371 | 0 | 0 |
| IONQ INC | COM | 46222L108 | BBG00XZP0LC3 | 299373 | 6672 | SH |  | SOLE |  | 6672 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 | BBG001SHTRL5 | 217405 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 454115 | 663 | SH |  | SOLE |  | 663 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 15079375 | 150975 | SH |  | SOLE |  | 150975 | 0 | 0 |
| ISHARES TR | DOW JONES US ETF | 464287846 | BBG001S7Y593 | 232134 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 | BBG001SGL748 | 5120252 | 40422 | SH |  | SOLE |  | 40422 | 0 | 0 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 | BBG00RYR47N8 | 6852608 | 304967 | SH |  | SOLE |  | 304967 | 0 | 0 |
| ISHARES TR | IBONDS 29 TRM TS | 46436E825 | BBG00RYR4R90 | 6502043 | 296288 | SH |  | SOLE |  | 296288 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E460 | BBG011R6KC59 | 5565851 | 271174 | SH |  | SOLE |  | 271174 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2033 | 46436E148 | BBG01H7B1FH6 | 2157574 | 87867 | SH |  | SOLE |  | 87867 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1790321 | 7273 | SH |  | SOLE |  | 7273 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 860592 | 6097 | SH |  | SOLE |  | 6097 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 | BBG018R2GN27 | 590115 | 6359 | SH |  | SOLE |  | 6359 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE VALUE ETF | 46641Q167 | BBG012NLLCC9 | 4673992 | 65170 | SH |  | SOLE |  | 65170 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 | BBG00N6W8XF5 | 20590526 | 434858 | SH |  | SOLE |  | 434858 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 16117349 | 281575 | SH |  | SOLE |  | 281575 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 | BBG0130Y3986 | 359905 | 7775 | SH |  | SOLE |  | 7775 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 | BBG00Z6Q0T95 | 1462140 | 30745 | SH |  | SOLE |  | 30745 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | U S TECH LEADERS | 46654Q732 | BBG01J9W2923 | 6119359 | 67938 | SH |  | SOLE |  | 67938 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 11182131 | 54033 | SH |  | SOLE |  | 54033 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 19811997 | 61486 | SH |  | SOLE |  | 61486 | 0 | 0 |
| KB HOME | COM | 48666K109 | BBG001S5SJV9 | 922868 | 16360 | SH |  | SOLE |  | 16360 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 1173097 | 6853 | SH |  | SOLE |  | 6853 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 18584421 | 77063 | SH |  | SOLE |  | 77063 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 12084745 | 21169 | SH |  | SOLE |  | 21169 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 322175 | 1054 | SH |  | SOLE |  | 1054 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 222941 | 2118 | SH |  | SOLE |  | 2118 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 12614365 | 19110 | SH |  | SOLE |  | 19110 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 39541769 | 81762 | SH |  | SOLE |  | 81762 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 406126 | 795 | SH |  | SOLE |  | 795 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 2560679 | 27311 | SH |  | SOLE |  | 27311 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 4171349 | 51960 | SH |  | SOLE |  | 51960 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 3686895 | 57870 | SH |  | SOLE |  | 57870 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 389772 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 28770698 | 154266 | SH |  | SOLE |  | 154266 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 | BBG001S6M9Y2 | 264712 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 4879182 | 25033 | SH |  | SOLE |  | 25033 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 | BBG00FJQN752 | 4594368 | 76356 | SH |  | SOLE |  | 76356 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 28015711 | 157613 | SH |  | SOLE |  | 157613 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 467523 | 3258 | SH |  | SOLE |  | 3258 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 327537 | 2042 | SH |  | SOLE |  | 2042 | 0 | 0 |
| PIONEER BANCORP INC MD | COM | 723561106 | BBG00PFB4RS9 | 229160 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 | BBG001S6GJB2 | 66312 | 33661 | SH |  | SOLE |  | 33661 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 341285 | 2381 | SH |  | SOLE |  | 2381 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 10025134 | 96331 | SH |  | SOLE |  | 96331 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 10752928 | 13931 | SH |  | SOLE |  | 13931 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | BBG008NMBXP6 | 4998115 | 44192 | SH |  | SOLE |  | 44192 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 218268 | 561 | SH |  | SOLE |  | 561 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 8171750 | 81791 | SH |  | SOLE |  | 81791 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 1152827 | 47955 | SH |  | SOLE |  | 47955 | 0 | 0 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | BBG001T9F7C1 | 543568 | 21673 | SH |  | SOLE |  | 21673 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 9353220 | 356585 | SH |  | SOLE |  | 356585 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 4867341 | 177446 | SH |  | SOLE |  | 177446 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 4593705 | 140825 | SH |  | SOLE |  | 140825 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 2510496 | 84785 | SH |  | SOLE |  | 84785 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 3413137 | 126835 | SH |  | SOLE |  | 126835 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | BBG001V036R6 | 1746829 | 58092 | SH |  | SOLE |  | 58092 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 346203 | 12156 | SH |  | SOLE |  | 12156 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 | BBG001S7T1Q9 | 449698 | 3766 | SH |  | SOLE |  | 3766 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 | BBG001S7T1S7 | 7273853 | 162690 | SH |  | SOLE |  | 162690 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 3712108 | 67776 | SH |  | SOLE |  | 67776 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 | BBG001S7T232 | 1170097 | 7543 | SH |  | SOLE |  | 7543 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 3186957 | 22136 | SH |  | SOLE |  | 22136 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 | BBG00YB1ZF08 | 2436939 | 93084 | SH |  | SOLE |  | 93084 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 330088 | 3785 | SH |  | SOLE |  | 3785 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 808799 | 1683 | SH |  | SOLE |  | 1683 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 274247 | 692 | SH |  | SOLE |  | 692 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 4001527 | 5868 | SH |  | SOLE |  | 5868 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 649982 | 1077 | SH |  | SOLE |  | 1077 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 | BBG001STKCW9 | 5451576 | 59658 | SH |  | SOLE |  | 59658 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A706 | BBG001SG4257 | 12546775 | 75266 | SH |  | SOLE |  | 75266 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 | BBG001SPTB87 | 221327 | 2759 | SH |  | SOLE |  | 2759 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 | BBG001SPTBP8 | 288278 | 2072 | SH |  | SOLE |  | 2072 | 0 | 0 |
| SSGA ACTIVE TR | STATE STREET DOU | 78470P309 | BBG00CNV8TC4 | 11955936 | 276023 | SH |  | SOLE |  | 276023 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 1766642 | 20979 | SH |  | SOLE |  | 20979 | 0 | 0 |
| TCW ETF TRUST | FLEXIBLE INCOME | 29287L700 | BBG01NCF0HQ5 | 14112094 | 356366 | SH |  | SOLE |  | 356366 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1251571 | 2783 | SH |  | SOLE |  | 2783 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 10346365 | 126623 | SH |  | SOLE |  | 126623 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 1613908 | 4889 | SH |  | SOLE |  | 4889 | 0 | 0 |
| VANECK MERK GOLD ETF | GOLD SHS | 921078101 | BBG002WYN9L7 | 328107 | 7910 | SH |  | SOLE |  | 7910 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | BBG001ST39R1 | 1165399 | 14964 | SH |  | SOLE |  | 14964 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 1998134 | 26976 | SH |  | SOLE |  | 26976 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 773526 | 16008 | SH |  | SOLE |  | 16008 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 303449 | 622 | SH |  | SOLE |  | 622 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 392799 | 626 | SH |  | SOLE |  | 626 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 521680 | 1556 | SH |  | SOLE |  | 1556 | 0 | 0 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 | BBG01KG1P4G1 | 7387414 | 94571 | SH |  | SOLE |  | 94571 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 | BBG001T62M92 | 1918599 | 32014 | SH |  | SOLE |  | 32014 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 9431412 | 112614 | SH |  | SOLE |  | 112614 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 3159447 | 39627 | SH |  | SOLE |  | 39627 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 1051560 | 11684 | SH |  | SOLE |  | 11684 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 12043962 | 26566 | SH |  | SOLE |  | 26566 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 12404492 | 35370 | SH |  | SOLE |  | 35370 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 1941445 | 12034 | SH |  | SOLE |  | 12034 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 287904 | 2584 | SH |  | SOLE |  | 2584 | 0 | 0 |

---