# EDGAR Filing Document

**Accession Number:** 0001841496
**File Stem:** 0001841496-23-000002
**Filing Date:** 2023-2
**Character Count:** 20372
**Document Hash:** a8b703428834391e09c7f98363d7556b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001841496-23-000002.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001841496-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**EFFECTIVENESS DATE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Marshall Financial Group LLC
- **CENTRAL INDEX KEY:** 0001841496
- **IRS NUMBER:** 043849187
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20487
- **FILM NUMBER:** 23576355

**BUSINESS ADDRESS:**
- **STREET 1:** 225 INTERNATIONAL CIRCLE
- **STREET 2:** SUITE 102
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21030
- **BUSINESS PHONE:** 4105631190

**MAIL ADDRESS:**
- **STREET 1:** 225 INTERNATIONAL CIRCLE
- **STREET 2:** SUITE 102
- **CITY:** HUNT VALLEY
- **STATE:** MD
- **ZIP:** 21030

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Marshall Financial Group LLC<br>**Address:** 225 International Circle<br>Suite 102<br>Hunt Valley, MD 21030

**Form 13F File Number:** 028-20487

**CRD Number (if applicable):** 000146362

**SEC File Number (if applicable):** 801-117820

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:** Peter Andrew Marshall<br>**Title:** CCO<br>**Phone:** 410-563-1044

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

/s/ Peter Andrew Marshall  Hunt Valley, MD  02-01-2023<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:** 168

**Form 13F Information Table Value Total:** $257507142

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 1127068 | 6974 | SH |  | SOLE |  | 0 | 0 | 6974 |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 2892287 | 131110 | SH |  | SOLE |  | 0 | 0 | 131110 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1690390 | 5023 | SH |  | SOLE |  | 0 | 0 | 5023 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 719854 | 11114 | SH |  | SOLE |  | 0 | 0 | 11114 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 958813 | 9109 | SH |  | SOLE |  | 0 | 0 | 9109 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 267249 | 3029 | SH |  | SOLE |  | 0 | 0 | 3029 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2772280 | 31244 | SH |  | SOLE |  | 0 | 0 | 31244 |
| AMAZON COM INC | COM | 023135106 |  | 668052 | 7953 | SH |  | SOLE |  | 0 | 0 | 7953 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1581323 | 7464 | SH |  | SOLE |  | 0 | 0 | 7464 |
| AMETEK INC | COM | 031100100 |  | 1091384 | 7811 | SH |  | SOLE |  | 0 | 0 | 7811 |
| AMGEN INC | COM | 031162100 |  | 897704 | 3418 | SH |  | SOLE |  | 0 | 0 | 3418 |
| APPLE INC | COM | 037833100 |  | 6849980 | 52721 | SH |  | SOLE |  | 0 | 0 | 52721 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 1215563 | 10017 | SH |  | SOLE |  | 0 | 0 | 10017 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1308628 | 2395 | SH |  | SOLE |  | 0 | 0 | 2395 |
| AT INC | COM | 00206R102 |  | 297744 | 16173 | SH |  | SOLE |  | 0 | 0 | 16173 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1759500 | 7366 | SH |  | SOLE |  | 0 | 0 | 7366 |
| BANK AMERICA CORP | COM | 060505104 |  | 704164 | 21261 | SH |  | SOLE |  | 0 | 0 | 21261 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 801596 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| BITNILE HOLDINGS INC | COM | 09175M101 |  | 6738 | 55000 | SH |  | SOLE |  | 0 | 0 | 55000 |
| BLACKSTONE INC | COM | 09260D107 |  | 251578 | 3391 | SH |  | SOLE |  | 0 | 0 | 3391 |
| BROADCOM INC | COM | 11135F101 |  | 546748 | 978 | SH |  | SOLE |  | 0 | 0 | 978 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 1614481 | 24581 | SH |  | SOLE |  | 0 | 0 | 24581 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1013156 | 6307 | SH |  | SOLE |  | 0 | 0 | 6307 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 997522 | 8391 | SH |  | SOLE |  | 0 | 0 | 8391 |
| CINTAS CORP | COM | 172908105 |  | 1054533 | 2335 | SH |  | SOLE |  | 0 | 0 | 2335 |
| CISCO SYS INC | COM | 17275R102 |  | 1646738 | 34566 | SH |  | SOLE |  | 0 | 0 | 34566 |
| COCA COLA CO | COM | 191216100 |  | 2189933 | 34427 | SH |  | SOLE |  | 0 | 0 | 34427 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 2243063 | 23534 | SH |  | SOLE |  | 0 | 0 | 23534 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 537692 | 6237 | SH |  | SOLE |  | 0 | 0 | 6237 |
| COPART INC | COM | 217204106 |  | 1052727 | 17289 | SH |  | SOLE |  | 0 | 0 | 17289 |
| CORNERSTONE STRATEGIC VALUE | COM | 21924B302 |  | 73700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| CROCS INC | COM | 227046109 |  | 1820757 | 16792 | SH |  | SOLE |  | 0 | 0 | 16792 |
| CSX CORP | COM | 126408103 |  | 1800960 | 58133 | SH |  | SOLE |  | 0 | 0 | 58133 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 1018570 | 26381 | SH |  | SOLE |  | 0 | 0 | 26381 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1793728 | 17889 | SH |  | SOLE |  | 0 | 0 | 17889 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 2639368 | 97682 | SH |  | SOLE |  | 0 | 0 | 97682 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 1310174 | 59689 | SH |  | SOLE |  | 0 | 0 | 59689 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 2366105 | 94493 | SH |  | SOLE |  | 0 | 0 | 94493 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 384643 | 1562 | SH |  | SOLE |  | 0 | 0 | 1562 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2135021 | 20730 | SH |  | SOLE |  | 0 | 0 | 20730 |
| EATON CORP PLC | SHS | G29183103 |  | 412779 | 2630 | SH |  | SOLE |  | 0 | 0 | 2630 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 |  | 153510 | 20468 | SH |  | SOLE |  | 0 | 0 | 20468 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 771318 | 10338 | SH |  | SOLE |  | 0 | 0 | 10338 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 882694 | 13664 | SH |  | SOLE |  | 0 | 0 | 13664 |
| ETSY INC | COM | 29786A106 |  | 970218 | 8100 | SH |  | SOLE |  | 0 | 0 | 8100 |
| EXELON CORP | COM | 30161N101 |  | 796859 | 18433 | SH |  | SOLE |  | 0 | 0 | 18433 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 776963 | 5279 | SH |  | SOLE |  | 0 | 0 | 5279 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 365203 | 3311 | SH |  | SOLE |  | 0 | 0 | 3311 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 1021882 | 2547 | SH |  | SOLE |  | 0 | 0 | 2547 |
| FIRST TR EXCH TRADED FD III | INSTL PFD SECS | 33739P855 |  | 225831 | 12680 | SH |  | SOLE |  | 0 | 0 | 12680 |
| FIRST TR EXCHANGE-TRADED FD | MNGD FUTRS STRGY | 33739G103 |  | 5870984 | 123340 | SH |  | SOLE |  | 0 | 0 | 123340 |
| FIRST TR EXCHANGE-TRADED FD | LNG DUR OPRTUN | 33738D606 |  | 7292609 | 333224 | SH |  | SOLE |  | 0 | 0 | 333224 |
| FIRST TR EXCHNG TRADED FD VI | VEST US BUFFER | 33740F862 |  | 213821 | 6170 | SH |  | SOLE |  | 0 | 0 | 6170 |
| FIRST TR EXCHNG TRADED FD VI | US EQT BUFFER | 33740F763 |  | 3323730 | 93433 | SH |  | SOLE |  | 0 | 0 | 93433 |
| FIRST TR EXCHNG TRADED FD VI | FT CBOE VEST BFR | 33740F623 |  | 1607216 | 49090 | SH |  | SOLE |  | 0 | 0 | 49090 |
| FIRST TR EXCHNG TRADED FD VI | CBOE VEST BUFERD | 33740U760 |  | 3681310 | 199529 | SH |  | SOLE |  | 0 | 0 | 199529 |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 |  | 886256 | 4825 | SH |  | SOLE |  | 0 | 0 | 4825 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 932880 | 17909 | SH |  | SOLE |  | 0 | 0 | 17909 |
| GENERAL MLS INC | COM | 370334104 |  | 1003679 | 11970 | SH |  | SOLE |  | 0 | 0 | 11970 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 1089783 | 105293 | SH |  | SOLE |  | 0 | 0 | 105293 |
| HARTFORD FDS EXCHANGE TRADED | TOTAL RTRN ETF | 41653L305 |  | 16406831 | 496575 | SH |  | SOLE |  | 0 | 0 | 496575 |
| HARTFORD FDS EXCHANGE TRADED | SHRT DURTN ETF | 41653L602 |  | 288410 | 7640 | SH |  | SOLE |  | 0 | 0 | 7640 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 977301 | 5567 | SH |  | SOLE |  | 0 | 0 | 5567 |
| HERSHEY CO | COM | 427866108 |  | 1152399 | 4976 | SH |  | SOLE |  | 0 | 0 | 4976 |
| HOME DEPOT INC | COM | 437076102 |  | 761396 | 2411 | SH |  | SOLE |  | 0 | 0 | 2411 |
| IDEX CORP | COM | 45167R104 |  | 1119288 | 4902 | SH |  | SOLE |  | 0 | 0 | 4902 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1801834 | 8179 | SH |  | SOLE |  | 0 | 0 | 8179 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1031054 | 57249 | SH |  | SOLE |  | 0 | 0 | 57249 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C508 |  | 287308 | 9118 | SH |  | SOLE |  | 0 | 0 | 9118 |
| INNOVATOR ETFS TR | US EQT ULTRA BF | 45782C300 |  | 284919 | 9590 | SH |  | SOLE |  | 0 | 0 | 9590 |
| INNOVATOR ETFS TR | US EQTY BUFR JAN | 45782C409 |  | 270432 | 8185 | SH |  | SOLE |  | 0 | 0 | 8185 |
| INVESCO EXCH TRADED FD TR II | S MDCP 400 REV | 46138G672 |  | 696455 | 8111 | SH |  | SOLE |  | 0 | 0 | 8111 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 220693 | 19740 | SH |  | SOLE |  | 0 | 0 | 19740 |
| INVESCO EXCH TRADED FD TR II | S SMALLCAP 600 | 46138G664 |  | 517926 | 4772 | SH |  | SOLE |  | 0 | 0 | 4772 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 574265 | 7767 | SH |  | SOLE |  | 0 | 0 | 7767 |
| INVESCO EXCHANGE TRADED FD T | S SMCP VLU MNT | 46137V480 |  | 3425011 | 74880 | SH |  | SOLE |  | 0 | 0 | 74880 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3403101 | 12780 | SH |  | SOLE |  | 0 | 0 | 12780 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 1600752 | 33721 | SH |  | SOLE |  | 0 | 0 | 33721 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 351250 | 15753 | SH |  | SOLE |  | 0 | 0 | 15753 |
| ISHARES TR | MRGSTR MD CP ETF | 464288208 |  | 1864885 | 31786 | SH |  | SOLE |  | 0 | 0 | 31786 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 240477 | 848 | SH |  | SOLE |  | 0 | 0 | 848 |
| ISHARES TR | ESG AWRE 1 5 YR | 46435G243 |  | 252532 | 10624 | SH |  | SOLE |  | 0 | 0 | 10624 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 515549 | 9128 | SH |  | SOLE |  | 0 | 0 | 9128 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 3248587 | 100296 | SH |  | SOLE |  | 0 | 0 | 100296 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2861119 | 16197 | SH |  | SOLE |  | 0 | 0 | 16197 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 381518 | 2845 | SH |  | SOLE |  | 0 | 0 | 2845 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1001444 | 5854 | SH |  | SOLE |  | 0 | 0 | 5854 |
| KLA CORP | COM NEW | 482480100 |  | 1228364 | 3258 | SH |  | SOLE |  | 0 | 0 | 3258 |
| KROGER CO | COM | 501044101 |  | 1816429 | 40745 | SH |  | SOLE |  | 0 | 0 | 40745 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1853943 | 4411 | SH |  | SOLE |  | 0 | 0 | 4411 |
| LATTICE STRATEGIES TR | HARTFORD MLT ETF | 518416102 |  | 507947 | 20490 | SH |  | SOLE |  | 0 | 0 | 20490 |
| LILLY ELI  CO | COM | 532457108 |  | 2155738 | 5893 | SH |  | SOLE |  | 0 | 0 | 5893 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 331786 | 682 | SH |  | SOLE |  | 0 | 0 | 682 |
| LOWES COS INC | COM | 548661107 |  | 236099 | 1185 | SH |  | SOLE |  | 0 | 0 | 1185 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 679981 | 4567 | SH |  | SOLE |  | 0 | 0 | 4567 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 951345 | 5749 | SH |  | SOLE |  | 0 | 0 | 5749 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1555072 | 4472 | SH |  | SOLE |  | 0 | 0 | 4472 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1950402 | 23530 | SH |  | SOLE |  | 0 | 0 | 23530 |
| MCDONALDS CORP | COM | 580135101 |  | 2363401 | 8968 | SH |  | SOLE |  | 0 | 0 | 8968 |
| MERCK  CO INC | COM | 58933Y105 |  | 2007199 | 18091 | SH |  | SOLE |  | 0 | 0 | 18091 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1427714 | 11864 | SH |  | SOLE |  | 0 | 0 | 11864 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 1201169 | 831 | SH |  | SOLE |  | 0 | 0 | 831 |
| MICROSOFT CORP | COM | 594918104 |  | 2455881 | 10241 | SH |  | SOLE |  | 0 | 0 | 10241 |
| MKS INSTRS INC | COM | 55306N104 |  | 933555 | 11018 | SH |  | SOLE |  | 0 | 0 | 11018 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 369841 | 5549 | SH |  | SOLE |  | 0 | 0 | 5549 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1443790 | 4083 | SH |  | SOLE |  | 0 | 0 | 4083 |
| MOODYS CORP | COM | 615369105 |  | 1308468 | 4696 | SH |  | SOLE |  | 0 | 0 | 4696 |
| NASDAQ INC | COM | 631103108 |  | 967919 | 15777 | SH |  | SOLE |  | 0 | 0 | 15777 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 230736 | 2760 | SH |  | SOLE |  | 0 | 0 | 2760 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1350152 | 9976 | SH |  | SOLE |  | 0 | 0 | 9976 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2625795 | 17968 | SH |  | SOLE |  | 0 | 0 | 17968 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1590121 | 5603 | SH |  | SOLE |  | 0 | 0 | 5603 |
| PAYCHEX INC | COM | 704326107 |  | 1154791 | 9993 | SH |  | SOLE |  | 0 | 0 | 9993 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 861731 | 2777 | SH |  | SOLE |  | 0 | 0 | 2777 |
| PFIZER INC | COM | 717081103 |  | 641525 | 12520 | SH |  | SOLE |  | 0 | 0 | 12520 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 221650 | 2190 | SH |  | SOLE |  | 0 | 0 | 2190 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3932159 | 25945 | SH |  | SOLE |  | 0 | 0 | 25945 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 611499 | 13757 | SH |  | SOLE |  | 0 | 0 | 13757 |
| PUBLIC STORAGE | COM | 74460D109 |  | 1645228 | 5872 | SH |  | SOLE |  | 0 | 0 | 5872 |
| QUALCOMM INC | COM | 747525103 |  | 1517888 | 13807 | SH |  | SOLE |  | 0 | 0 | 13807 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 995314 | 35906 | SH |  | SOLE |  | 0 | 0 | 35906 |
| RH | COM | 74967X103 |  | 950395 | 3557 | SH |  | SOLE |  | 0 | 0 | 3557 |
| S GLOBAL INC | COM | 78409V104 |  | 962283 | 2873 | SH |  | SOLE |  | 0 | 0 | 2873 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 284916 | 3422 | SH |  | SOLE |  | 0 | 0 | 3422 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 215810 | 5327 | SH |  | SOLE |  | 0 | 0 | 5327 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 3223398 | 110884 | SH |  | SOLE |  | 0 | 0 | 110884 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 6317614 | 128329 | SH |  | SOLE |  | 0 | 0 | 128329 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3359340 | 44471 | SH |  | SOLE |  | 0 | 0 | 44471 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 311696 | 9677 | SH |  | SOLE |  | 0 | 0 | 9677 |
| SERVICE CORP INTL | COM | 817565104 |  | 984692 | 14242 | SH |  | SOLE |  | 0 | 0 | 14242 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1001038 | 10985 | SH |  | SOLE |  | 0 | 0 | 10985 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 2294048 | 14477 | SH |  | SOLE |  | 0 | 0 | 14477 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 238558 | 720 | SH |  | SOLE |  | 0 | 0 | 720 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2141674 | 5600 | SH |  | SOLE |  | 0 | 0 | 5600 |
| SPDR SER TR | PORTFLI HIGH YLD | 78468R606 |  | 261895 | 11723 | SH |  | SOLE |  | 0 | 0 | 11723 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 |  | 295269 | 9716 | SH |  | SOLE |  | 0 | 0 | 9716 |
| SPDR SER TR | SSGA US SMAL ETF | 78468R887 |  | 957977 | 8899 | SH |  | SOLE |  | 0 | 0 | 8899 |
| SPDR SER TR | RUSSELL LOW VOL | 78468R754 |  | 1198736 | 11643 | SH |  | SOLE |  | 0 | 0 | 11643 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 235457 | 1882 | SH |  | SOLE |  | 0 | 0 | 1882 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 |  | 222462 | 5556 | SH |  | SOLE |  | 0 | 0 | 5556 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 6368364 | 155706 | SH |  | SOLE |  | 0 | 0 | 155706 |
| SSGA ACTIVE TR | SPDR BLACKSTONE | 78470P846 |  | 4354535 | 159742 | SH |  | SOLE |  | 0 | 0 | 159742 |
| TERADYNE INC | COM | 880770102 |  | 1047410 | 11991 | SH |  | SOLE |  | 0 | 0 | 11991 |
| TESLA INC | COM | 88160R101 |  | 372127 | 3021 | SH |  | SOLE |  | 0 | 0 | 3021 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1109122 | 6713 | SH |  | SOLE |  | 0 | 0 | 6713 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1066136 | 1936 | SH |  | SOLE |  | 0 | 0 | 1936 |
| TREX CO INC | COM | 89531P105 |  | 794746 | 18775 | SH |  | SOLE |  | 0 | 0 | 18775 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 123587 | 13855 | SH |  | SOLE |  | 0 | 0 | 13855 |
| UNION PAC CORP | COM | 907818108 |  | 1134744 | 5480 | SH |  | SOLE |  | 0 | 0 | 5480 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1076591 | 6193 | SH |  | SOLE |  | 0 | 0 | 6193 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 229696 | 13746 | SH |  | SOLE |  | 0 | 0 | 13746 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 489007 | 3491 | SH |  | SOLE |  | 0 | 0 | 3491 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2570642 | 14006 | SH |  | SOLE |  | 0 | 0 | 14006 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1104154 | 28326 | SH |  | SOLE |  | 0 | 0 | 28326 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 405585 | 3945 | SH |  | SOLE |  | 0 | 0 | 3945 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 11668207 | 155183 | SH |  | SOLE |  | 0 | 0 | 155183 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 300499 | 2777 | SH |  | SOLE |  | 0 | 0 | 2777 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 3406741 | 25731 | SH |  | SOLE |  | 0 | 0 | 25731 |
| VANGUARD WORLD FD | EXTENDED DUR | 921910709 |  | 4437037 | 53568 | SH |  | SOLE |  | 0 | 0 | 53568 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 313035 | 3784 | SH |  | SOLE |  | 0 | 0 | 3784 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 333140 | 2172 | SH |  | SOLE |  | 0 | 0 | 2172 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 999596 | 5666 | SH |  | SOLE |  | 0 | 0 | 5666 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2324111 | 58988 | SH |  | SOLE |  | 0 | 0 | 58988 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1291424 | 4472 | SH |  | SOLE |  | 0 | 0 | 4472 |
| VICI PPTYS INC | COM | 925652109 |  | 270184 | 8339 | SH |  | SOLE |  | 0 | 0 | 8339 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 892205 | 33254 | SH |  | SOLE |  | 0 | 0 | 33254 |
| VISA INC | COM CL A | 92826C839 |  | 2186705 | 10525 | SH |  | SOLE |  | 0 | 0 | 10525 |
| WALMART INC | COM | 931142103 |  | 2338147 | 16490 | SH |  | SOLE |  | 0 | 0 | 16490 |

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