# EDGAR Filing Document

**Accession Number:** 0001929008
**File Stem:** 0001951757-25-000993
**Filing Date:** 2025-7
**Character Count:** 41560
**Document Hash:** 22840a7489ddebee1b9f9b883015c8c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-000993.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001951757-25-000993

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Balboa Wealth Partners
- **CENTRAL INDEX KEY:** 0001929008

**ORGANIZATION NAME:**
- **EIN:** 810694237
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22715
- **FILM NUMBER:** 251162971

**BUSINESS ADDRESS:**
- **STREET 1:** 6263 NORTH SCOTTSDALE ROAD
- **STREET 2:** SUITE 265
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85250
- **BUSINESS PHONE:** 9494451465

**MAIL ADDRESS:**
- **STREET 1:** 6263 NORTH SCOTTSDALE ROAD
- **STREET 2:** SUITE 265
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85250

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Balboa Wealth Partners<br>**Address:** 6263 NORTH SCOTTSDALE ROAD<br>SUITE 265<br>SCOTTSDALE, AZ 85250

**Form 13F File Number:** 028-22715

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:** Jeffrey Gilbert<br>**Title:** Chief Compliance Officer<br>**Phone:** 949-445-1465

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

Jeffrey Gilbert  Scottsdale, AZ  07-29-2025<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:** 378

**Form 13F Information Table Value Total:** $498683871

      (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 |  | 202491 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| ABBOTT LABS | COM | 002824100 |  | 1233364 | 9068 | SH |  | SOLE |  | 0 | 0 | 9068 |
| ABBVIE INC | COM | 00287Y109 |  | 1695564 | 9135 | SH |  | SOLE |  | 0 | 0 | 9135 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 201362 | 674 | SH |  | SOLE |  | 0 | 0 | 674 |
| ADOBE INC | COM | 00724F101 |  | 584099 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 31267 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 11523536 | 81209 | SH |  | SOLE |  | 0 | 0 | 81209 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 1307709 | 11177 | SH |  | SOLE |  | 0 | 0 | 11177 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 28942 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| ALBEMARLE CORP | COM | 012653101 |  | 205996 | 3287 | SH |  | SOLE |  | 0 | 0 | 3287 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 19427 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 8058225 | 45427 | SH |  | SOLE |  | 0 | 0 | 45427 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3123362 | 17723 | SH |  | SOLE |  | 0 | 0 | 17723 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 255196 | 5223 | SH |  | SOLE |  | 0 | 0 | 5223 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 263140 | 4488 | SH |  | SOLE |  | 0 | 0 | 4488 |
| AMAZON COM INC | COM | 023135106 |  | 12806741 | 58374 | SH |  | SOLE |  | 0 | 0 | 58374 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 323508 | 3551 | SH |  | SOLE |  | 0 | 0 | 3551 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2335797 | 7323 | SH |  | SOLE |  | 0 | 0 | 7323 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 732460 | 3314 | SH |  | SOLE |  | 0 | 0 | 3314 |
| AMGEN INC | COM | 031162100 |  | 275352 | 986 | SH |  | SOLE |  | 0 | 0 | 986 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 |  | 13022 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 381844 | 3867 | SH |  | SOLE |  | 0 | 0 | 3867 |
| APPLE INC | COM | 037833100 |  | 14327022 | 69830 | SH |  | SOLE |  | 0 | 0 | 69830 |
| APPLIED MATLS INC | COM | 038222105 |  | 1468032 | 8019 | SH |  | SOLE |  | 0 | 0 | 8019 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 4836355 | 13815 | SH |  | SOLE |  | 0 | 0 | 13815 |
| APTARGROUP INC | COM | 038336103 |  | 254737 | 1628 | SH |  | SOLE |  | 0 | 0 | 1628 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 123050 | 11341 | SH |  | SOLE |  | 0 | 0 | 11341 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 970545 | 44196 | SH |  | SOLE |  | 0 | 0 | 44196 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 401158 | 3921 | SH |  | SOLE |  | 0 | 0 | 3921 |
| ARLO TECHNOLOGIES INC | COM | 04206A101 |  | 204012 | 12029 | SH |  | SOLE |  | 0 | 0 | 12029 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 489264 | 3025 | SH |  | SOLE |  | 0 | 0 | 3025 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 3110344 | 3881 | SH |  | SOLE |  | 0 | 0 | 3881 |
| AT INC | COM | 00206R102 |  | 1573962 | 54387 | SH |  | SOLE |  | 0 | 0 | 54387 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 269270 | 873 | SH |  | SOLE |  | 0 | 0 | 873 |
| AVEPOINT INC | COM CL A | 053604104 |  | 242514 | 12559 | SH |  | SOLE |  | 0 | 0 | 12559 |
| BANK AMERICA CORP | COM | 060505104 |  | 384867 | 8133 | SH |  | SOLE |  | 0 | 0 | 8133 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 268865 | 2951 | SH |  | SOLE |  | 0 | 0 | 2951 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 5830400 | 8 | SH |  | SOLE |  | 0 | 0 | 8 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 7874332 | 16210 | SH |  | SOLE |  | 0 | 0 | 16210 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 |  | 31057 | 33000 | PRN |  | SOLE |  | 0 | 0 | 33000 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 240160 | 4099 | SH |  | SOLE |  | 0 | 0 | 4099 |
| BLACKSTONE INC | COM | 09260D107 |  | 319521 | 2136 | SH |  | SOLE |  | 0 | 0 | 2136 |
| BOEING CO | COM | 097023105 |  | 2788006 | 13306 | SH |  | SOLE |  | 0 | 0 | 13306 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 330216 | 57 | SH |  | SOLE |  | 0 | 0 | 57 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 216431 | 2015 | SH |  | SOLE |  | 0 | 0 | 2015 |
| BP PLC | SPONSORED ADR | 055622104 |  | 446722 | 14926 | SH |  | SOLE |  | 0 | 0 | 14926 |
| BRINKER INTL INC | COM | 109641100 |  | 230462 | 1278 | SH |  | SOLE |  | 0 | 0 | 1278 |
| BROADCOM INC | COM | 11135F101 |  | 5640735 | 20463 | SH |  | SOLE |  | 0 | 0 | 20463 |
| CAMECO CORP | COM | 13321L108 |  | 956528 | 12886 | SH |  | SOLE |  | 0 | 0 | 12886 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 492337 | 14723 | SH |  | SOLE |  | 0 | 0 | 14723 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 324801 | 8795 | SH |  | SOLE |  | 0 | 0 | 8795 |
| CAPITAL GROUP DIVIDEND GROWE | SHS ETF | 14021L109 |  | 238605 | 7095 | SH |  | SOLE |  | 0 | 0 | 7095 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 317528 | 8041 | SH |  | SOLE |  | 0 | 0 | 8041 |
| CAPITAL GROUP EQUITY ETF TR | US SMALL AND MID | 14022A102 |  | 271542 | 10102 | SH |  | SOLE |  | 0 | 0 | 10102 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 330477 | 10337 | SH |  | SOLE |  | 0 | 0 | 10337 |
| CAPITAL GROUP GLOBAL EQUITY | SHS | 14020R107 |  | 442083 | 15145 | SH |  | SOLE |  | 0 | 0 | 15145 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 477638 | 11750 | SH |  | SOLE |  | 0 | 0 | 11750 |
| CAPITAL GRP FIXED INCM ETF T | CORE PLUS INCM | 14020Y102 |  | 284873 | 12661 | SH |  | SOLE |  | 0 | 0 | 12661 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 332113 | 12024 | SH |  | SOLE |  | 0 | 0 | 12024 |
| CAPITAL GRP FIXED INCM ETF T | CORE BOND ETF | 14020Y508 |  | 264236 | 10047 | SH |  | SOLE |  | 0 | 0 | 10047 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 221229 | 1317 | SH |  | SOLE |  | 0 | 0 | 1317 |
| CATERPILLAR INC | COM | 149123101 |  | 421030 | 1085 | SH |  | SOLE |  | 0 | 0 | 1085 |
| CDW CORP | COM | 12514G108 |  | 223416 | 1251 | SH |  | SOLE |  | 0 | 0 | 1251 |
| CHEESECAKE FACTORY INC | NOTE 0.375% 6/1 | 163072AA9 |  | 31051 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 40832 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 915558 | 3760 | SH |  | SOLE |  | 0 | 0 | 3760 |
| CHEVRON CORP NEW | COM | 166764100 |  | 640266 | 4471 | SH |  | SOLE |  | 0 | 0 | 4471 |
| CINTAS CORP | COM | 172908105 |  | 207938 | 933 | SH |  | SOLE |  | 0 | 0 | 933 |
| CISCO SYS INC | COM | 17275R102 |  | 634845 | 9150 | SH |  | SOLE |  | 0 | 0 | 9150 |
| CITIGROUP INC | COM NEW | 172967424 |  | 336658 | 3955 | SH |  | SOLE |  | 0 | 0 | 3955 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 293745 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 |  | 34040 | 29000 | PRN |  | SOLE |  | 0 | 0 | 29000 |
| COCA COLA CO | COM | 191216100 |  | 592440 | 8374 | SH |  | SOLE |  | 0 | 0 | 8374 |
| COMFORT SYS USA INC | COM | 199908104 |  | 315291 | 588 | SH |  | SOLE |  | 0 | 0 | 588 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 24514 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 354045 | 3528 | SH |  | SOLE |  | 0 | 0 | 3528 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 240024 | 1472 | SH |  | SOLE |  | 0 | 0 | 1472 |
| CORNING INC | COM | 219350105 |  | 521840 | 9923 | SH |  | SOLE |  | 0 | 0 | 9923 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 6596992 | 6664 | SH |  | SOLE |  | 0 | 0 | 6664 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 531720 | 1044 | SH |  | SOLE |  | 0 | 0 | 1044 |
| CUMMINS INC | COM | 231021106 |  | 305065 | 931 | SH |  | SOLE |  | 0 | 0 | 931 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 33858 | 36000 | PRN |  | SOLE |  | 0 | 0 | 36000 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 744660 | 4272 | SH |  | SOLE |  | 0 | 0 | 4272 |
| DILLARDS INC | CL A | 254067101 |  | 3899190 | 9332 | SH |  | SOLE |  | 0 | 0 | 9332 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 1575070 | 29190 | SH |  | SOLE |  | 0 | 0 | 29190 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 541722 | 15115 | SH |  | SOLE |  | 0 | 0 | 15115 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 897139 | 21219 | SH |  | SOLE |  | 0 | 0 | 21219 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 228345 | 5331 | SH |  | SOLE |  | 0 | 0 | 5331 |
| DISNEY WALT CO | COM | 254687106 |  | 585269 | 4720 | SH |  | SOLE |  | 0 | 0 | 4720 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 259631 | 4594 | SH |  | SOLE |  | 0 | 0 | 4594 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 |  | 28702 | 29000 | PRN |  | SOLE |  | 0 | 0 | 29000 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1134906 | 9618 | SH |  | SOLE |  | 0 | 0 | 9618 |
| EA SERIES TRUST | STRIVE ENHANCED | 02072L441 |  | 304495 | 14985 | SH |  | SOLE |  | 0 | 0 | 14985 |
| EAGLE POINT CREDIT COMPANY I | COM | 269808101 |  | 398196 | 51984 | SH |  | SOLE |  | 0 | 0 | 51984 |
| EATON CORP PLC | SHS | G29183103 |  | 681494 | 1909 | SH |  | SOLE |  | 0 | 0 | 1909 |
| ELI LILLY  CO | COM | 532457108 |  | 1337080 | 1715 | SH |  | SOLE |  | 0 | 0 | 1715 |
| EMERSON ELEC CO | COM | 291011104 |  | 351282 | 2635 | SH |  | SOLE |  | 0 | 0 | 2635 |
| ENBRIDGE INC | COM | 29250N105 |  | 420887 | 9287 | SH |  | SOLE |  | 0 | 0 | 9287 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 218403 | 7043 | SH |  | SOLE |  | 0 | 0 | 7043 |
| ETF SER SOLUTIONS | AAM TRANSFORMERS | 26922B683 |  | 241734 | 5597 | SH |  | SOLE |  | 0 | 0 | 5597 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 899742 | 28527 | SH |  | SOLE |  | 0 | 0 | 28527 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 |  | 15416 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| EVERGY INC | COM | 30034W106 |  | 369258 | 5357 | SH |  | SOLE |  | 0 | 0 | 5357 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 19074 | 21000 | PRN |  | SOLE |  | 0 | 0 | 21000 |
| EXCHANGE TRADED CONCEPTS TRU | BITWISE CRYPTO | 301505624 |  | 216526 | 10980 | SH |  | SOLE |  | 0 | 0 | 10980 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 225081 | 5140 | SH |  | SOLE |  | 0 | 0 | 5140 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1078062 | 10001 | SH |  | SOLE |  | 0 | 0 | 10001 |
| FABRINET | SHS | G3323L100 |  | 248415 | 843 | SH |  | SOLE |  | 0 | 0 | 843 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 660552 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 212986 | 11966 | SH |  | SOLE |  | 0 | 0 | 11966 |
| FIRST TR EXCH TRADED FD III | FT VEST SMID | 33738D820 |  | 379515 | 18504 | SH |  | SOLE |  | 0 | 0 | 18504 |
| FIRST TR EXCH TRADED FD III | LNG/SHT EQUITY | 33739P103 |  | 658666 | 9938 | SH |  | SOLE |  | 0 | 0 | 9938 |
| FIRST TR EXCHANGE TRAD FD VI | ALT ABSLT STRG | 33740Y101 |  | 473980 | 17080 | SH |  | SOLE |  | 0 | 0 | 17080 |
| FIRST TR EXCHANGE TRADED FD | FINLS ALPHADEX | 33734X135 |  | 227491 | 4058 | SH |  | SOLE |  | 0 | 0 | 4058 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 200989 | 1652 | SH |  | SOLE |  | 0 | 0 | 1652 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 488608 | 6465 | SH |  | SOLE |  | 0 | 0 | 6465 |
| FIRST TR EXCHANGE TRADED FD | BUYWRIT INCM ETF | 33738R308 |  | 1175465 | 51443 | SH |  | SOLE |  | 0 | 0 | 51443 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ BUYWRITE | 33738R407 |  | 907487 | 46395 | SH |  | SOLE |  | 0 | 0 | 46395 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 365076 | 4017 | SH |  | SOLE |  | 0 | 0 | 4017 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 282797 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST GOLD | 33733E856 |  | 313992 | 14463 | SH |  | SOLE |  | 0 | 0 | 14463 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 354281 | 7926 | SH |  | SOLE |  | 0 | 0 | 7926 |
| FIRST TR EXCHANGE-TRADED FD | COMMON SHS | 33735T109 |  | 504413 | 32459 | SH |  | SOLE |  | 0 | 0 | 32459 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 315025 | 6865 | SH |  | SOLE |  | 0 | 0 | 6865 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR TA HIYL | 33738D408 |  | 1000471 | 23929 | SH |  | SOLE |  | 0 | 0 | 23929 |
| FIRST TR EXCHANGE-TRADED FD | CORE INVESTMENT | 33738D788 |  | 1268667 | 60241 | SH |  | SOLE |  | 0 | 0 | 60241 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST RIS | 33738D879 |  | 2016032 | 81588 | SH |  | SOLE |  | 0 | 0 | 81588 |
| FIRST TR EXCHANGE-TRADED FD | MNGD FUTRS STRGY | 33739G103 |  | 454772 | 10059 | SH |  | SOLE |  | 0 | 0 | 10059 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 291327 | 4866 | SH |  | SOLE |  | 0 | 0 | 4866 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST S 500 | 33739Q705 |  | 549419 | 11190 | SH |  | SOLE |  | 0 | 0 | 11190 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 267246 | 7575 | SH |  | SOLE |  | 0 | 0 | 7575 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 1313626 | 41309 | SH |  | SOLE |  | 0 | 0 | 41309 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740U752 |  | 268190 | 8078 | SH |  | SOLE |  | 0 | 0 | 8078 |
| FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 |  | 359533 | 24211 | SH |  | SOLE |  | 0 | 0 | 24211 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 34053 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 32549 | 33000 | PRN |  | SOLE |  | 0 | 0 | 33000 |
| FORTINET INC | COM | 34959E109 |  | 246328 | 2330 | SH |  | SOLE |  | 0 | 0 | 2330 |
| GABELLI UTIL TR | COM | 36240A101 |  | 652181 | 112445 | SH |  | SOLE |  | 0 | 0 | 112445 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 660880 | 2064 | SH |  | SOLE |  | 0 | 0 | 2064 |
| GE AEROSPACE | COM NEW | 369604301 |  | 274787 | 1068 | SH |  | SOLE |  | 0 | 0 | 1068 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 423816 | 1453 | SH |  | SOLE |  | 0 | 0 | 1453 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 1031958 | 26590 | SH |  | SOLE |  | 0 | 0 | 26590 |
| GOLDMAN SACHS ETF TR | S 500 PREMIUM | 38149W622 |  | 372155 | 7470 | SH |  | SOLE |  | 0 | 0 | 7470 |
| GOLDMAN SACHS ETF TR | NASDAQ-100 PREMI | 38149W630 |  | 372330 | 7475 | SH |  | SOLE |  | 0 | 0 | 7475 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2202634 | 3112 | SH |  | SOLE |  | 0 | 0 | 3112 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 2084023 | 43644 | SH |  | SOLE |  | 0 | 0 | 43644 |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 |  | 29002 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 |  | 29641 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| HARVARD BIOSCIENCE INC | COM | 416906105 |  | 5215 | 11750 | SH |  | SOLE |  | 0 | 0 | 11750 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 547468 | 29949 | SH |  | SOLE |  | 0 | 0 | 29949 |
| HOME DEPOT INC | COM | 437076102 |  | 1405374 | 3833 | SH |  | SOLE |  | 0 | 0 | 3833 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 421812 | 25168 | SH |  | SOLE |  | 0 | 0 | 25168 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 350662 | 1418 | SH |  | SOLE |  | 0 | 0 | 1418 |
| ILLUMINA INC | COM | 452327109 |  | 333458 | 3495 | SH |  | SOLE |  | 0 | 0 | 3495 |
| IMMUNIC INC | COM | 4525EP101 |  | 8370 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 |  | 29996 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1061363 | 3601 | SH |  | SOLE |  | 0 | 0 | 3601 |
| INTUIT | COM | 461202103 |  | 234298 | 297 | SH |  | SOLE |  | 0 | 0 | 297 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1157424 | 2130 | SH |  | SOLE |  | 0 | 0 | 2130 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 2063825 | 18350 | SH |  | SOLE |  | 0 | 0 | 18350 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 218460 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 503286 | 9660 | SH |  | SOLE |  | 0 | 0 | 9660 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 238909 | 1315 | SH |  | SOLE |  | 0 | 0 | 1315 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5896431 | 10689 | SH |  | SOLE |  | 0 | 0 | 10689 |
| IONIS PHARMACEUTICALS INC | NOTE 4/0 | 462222AD2 |  | 15059 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| IRON MTN INC DEL | COM | 46284V101 |  | 215967 | 2106 | SH |  | SOLE |  | 0 | 0 | 2106 |
| ISHARES INC | EM MKTS DIV ETF | 464286319 |  | 395632 | 13809 | SH |  | SOLE |  | 0 | 0 | 13809 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1206350 | 1943 | SH |  | SOLE |  | 0 | 0 | 1943 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1773904 | 17882 | SH |  | SOLE |  | 0 | 0 | 17882 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 712727 | 14775 | SH |  | SOLE |  | 0 | 0 | 14775 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1300073 | 11808 | SH |  | SOLE |  | 0 | 0 | 11808 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 218091 | 1116 | SH |  | SOLE |  | 0 | 0 | 1116 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 283812 | 3216 | SH |  | SOLE |  | 0 | 0 | 3216 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 332563 | 3473 | SH |  | SOLE |  | 0 | 0 | 3473 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1112816 | 12449 | SH |  | SOLE |  | 0 | 0 | 12449 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 644648 | 10394 | SH |  | SOLE |  | 0 | 0 | 10394 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 492969 | 4502 | SH |  | SOLE |  | 0 | 0 | 4502 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 508044 | 2128 | SH |  | SOLE |  | 0 | 0 | 2128 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 2650324 | 26599 | SH |  | SOLE |  | 0 | 0 | 26599 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1112355 | 5727 | SH |  | SOLE |  | 0 | 0 | 5727 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 431102 | 1015 | SH |  | SOLE |  | 0 | 0 | 1015 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 252822 | 745 | SH |  | SOLE |  | 0 | 0 | 745 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 614570 | 2848 | SH |  | SOLE |  | 0 | 0 | 2848 |
| ISHARES TR | US TELECOM ETF | 464287713 |  | 2641456 | 88699 | SH |  | SOLE |  | 0 | 0 | 88699 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 2849079 | 16443 | SH |  | SOLE |  | 0 | 0 | 16443 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 2622821 | 21678 | SH |  | SOLE |  | 0 | 0 | 21678 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 367324 | 3361 | SH |  | SOLE |  | 0 | 0 | 3361 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 329216 | 2560 | SH |  | SOLE |  | 0 | 0 | 2560 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 268450 | 8750 | SH |  | SOLE |  | 0 | 0 | 8750 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 477190 | 9353 | SH |  | SOLE |  | 0 | 0 | 9353 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 232985 | 2482 | SH |  | SOLE |  | 0 | 0 | 2482 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2069720 | 24793 | SH |  | SOLE |  | 0 | 0 | 24793 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 258842 | 5599 | SH |  | SOLE |  | 0 | 0 | 5599 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 755698 | 14920 | SH |  | SOLE |  | 0 | 0 | 14920 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 305536 | 6211 | SH |  | SOLE |  | 0 | 0 | 6211 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2339897 | 23239 | SH |  | SOLE |  | 0 | 0 | 23239 |
| ISHARES TR | LARGE CAP MAX BU | 46438G612 |  | 4774664 | 173561 | SH |  | SOLE |  | 0 | 0 | 173561 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 786122 | 13828 | SH |  | SOLE |  | 0 | 0 | 13828 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 538880 | 10633 | SH |  | SOLE |  | 0 | 0 | 10633 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 443849 | 8159 | SH |  | SOLE |  | 0 | 0 | 8159 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 375581 | 7401 | SH |  | SOLE |  | 0 | 0 | 7401 |
| JOHN HANCOCK EXCHANGE TRADED | MULTI INTL ETF | 47804J859 |  | 244507 | 6389 | SH |  | SOLE |  | 0 | 0 | 6389 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1274518 | 8344 | SH |  | SOLE |  | 0 | 0 | 8344 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 287917 | 2726 | SH |  | SOLE |  | 0 | 0 | 2726 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3074905 | 10606 | SH |  | SOLE |  | 0 | 0 | 10606 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 294577 | 10020 | SH |  | SOLE |  | 0 | 0 | 10020 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 221750 | 884 | SH |  | SOLE |  | 0 | 0 | 884 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 24030 | 19000 | PRN |  | SOLE |  | 0 | 0 | 19000 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 34900 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| LIGHTBRIDGE CORP | COM | 53224K302 |  | 159143 | 11903 | SH |  | SOLE |  | 0 | 0 | 11903 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 |  | 134196 | 50073 | SH |  | SOLE |  | 0 | 0 | 50073 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 79258 | 38105 | SH |  | SOLE |  | 0 | 0 | 38105 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 39786 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 633477 | 1368 | SH |  | SOLE |  | 0 | 0 | 1368 |
| LOOP INDS INC | COM | 543518104 |  | 101777 | 71674 | SH |  | SOLE |  | 0 | 0 | 71674 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 30514 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 549157 | 9292 | SH |  | SOLE |  | 0 | 0 | 9292 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1088631 | 14065 | SH |  | SOLE |  | 0 | 0 | 14065 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2651364 | 4718 | SH |  | SOLE |  | 0 | 0 | 4718 |
| MCDONALDS CORP | COM | 580135101 |  | 833599 | 2853 | SH |  | SOLE |  | 0 | 0 | 2853 |
| MCKESSON CORP | COM | 58155Q103 |  | 752074 | 1026 | SH |  | SOLE |  | 0 | 0 | 1026 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 207698 | 2383 | SH |  | SOLE |  | 0 | 0 | 2383 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1089884 | 417 | SH |  | SOLE |  | 0 | 0 | 417 |
| MERCK  CO INC | COM | 58933Y105 |  | 377792 | 4773 | SH |  | SOLE |  | 0 | 0 | 4773 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 34810 | 36000 | PRN |  | SOLE |  | 0 | 0 | 36000 |
| META PLATFORMS INC | CL A | 30303M102 |  | 10805200 | 14639 | SH |  | SOLE |  | 0 | 0 | 14639 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 19692 | 21000 | PRN |  | SOLE |  | 0 | 0 | 21000 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2603983 | 21128 | SH |  | SOLE |  | 0 | 0 | 21128 |
| MICROSOFT CORP | COM | 594918104 |  | 27517715 | 55322 | SH |  | SOLE |  | 0 | 0 | 55322 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 281367 | 1901 | SH |  | SOLE |  | 0 | 0 | 1901 |
| MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 |  | 17746 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 15642 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| MOODYS CORP | COM | 615369105 |  | 363244 | 724 | SH |  | SOLE |  | 0 | 0 | 724 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 396098 | 2812 | SH |  | SOLE |  | 0 | 0 | 2812 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 359172 | 14941 | SH |  | SOLE |  | 0 | 0 | 14941 |
| NCL CORP LTD | NOTE 5.375% 8/0 | 62886HAX9 |  | 21074 | 19000 | PRN |  | SOLE |  | 0 | 0 | 19000 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 333917 | 6035 | SH |  | SOLE |  | 0 | 0 | 6035 |
| NEOS ETF TRUST | NASDAQ 100 HIGH | 78433H675 |  | 260310 | 5005 | SH |  | SOLE |  | 0 | 0 | 5005 |
| NETAPP INC | COM | 64110D104 |  | 269165 | 2526 | SH |  | SOLE |  | 0 | 0 | 2526 |
| NETFLIX INC | COM | 64110L106 |  | 3750903 | 2801 | SH |  | SOLE |  | 0 | 0 | 2801 |
| NICE LTD | NOTE 9/1 | 653656AB4 |  | 42508 | 43000 | PRN |  | SOLE |  | 0 | 0 | 43000 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 20940 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 394054 | 788 | SH |  | SOLE |  | 0 | 0 | 788 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 807212 | 11695 | SH |  | SOLE |  | 0 | 0 | 11695 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 465977 | 11779 | SH |  | SOLE |  | 0 | 0 | 11779 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 35063 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 45027042 | 284999 | SH |  | SOLE |  | 0 | 0 | 284999 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 614424 | 14626 | SH |  | SOLE |  | 0 | 0 | 14626 |
| OKLO INC | COM CL A | 02156V109 |  | 662250 | 11828 | SH |  | SOLE |  | 0 | 0 | 11828 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 497161 | 9486 | SH |  | SOLE |  | 0 | 0 | 9486 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 32948 | 28000 | PRN |  | SOLE |  | 0 | 0 | 28000 |
| ONEOK INC NEW | COM | 682680103 |  | 552798 | 6772 | SH |  | SOLE |  | 0 | 0 | 6772 |
| ORACLE CORP | COM | 68389X105 |  | 1669485 | 7636 | SH |  | SOLE |  | 0 | 0 | 7636 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 6610686 | 48494 | SH |  | SOLE |  | 0 | 0 | 48494 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1029953 | 5033 | SH |  | SOLE |  | 0 | 0 | 5033 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 989049 | 1416 | SH |  | SOLE |  | 0 | 0 | 1416 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 29622 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| PEBBLEBROOK HOTEL TR | NOTE 1.750%12/1 | 70509VAA8 |  | 24570 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| PEPSICO INC | COM | 713448108 |  | 356687 | 2701 | SH |  | SOLE |  | 0 | 0 | 2701 |
| PFIZER INC | COM | 717081103 |  | 719257 | 29672 | SH |  | SOLE |  | 0 | 0 | 29672 |
| PG CORP | NOTE 4.250%12/0 | 69331CAL2 |  | 25721 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 789433 | 4334 | SH |  | SOLE |  | 0 | 0 | 4334 |
| PIMCO STRATEGIC INCOME FD | COM | 72200X104 |  | 762482 | 109552 | SH |  | SOLE |  | 0 | 0 | 109552 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 29446 | 26000 | PRN |  | SOLE |  | 0 | 0 | 26000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1024645 | 6431 | SH |  | SOLE |  | 0 | 0 | 6431 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 17246 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 912412 | 9337 | SH |  | SOLE |  | 0 | 0 | 9337 |
| QUALCOMM INC | COM | 747525103 |  | 745026 | 4678 | SH |  | SOLE |  | 0 | 0 | 4678 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 316973 | 8761 | SH |  | SOLE |  | 0 | 0 | 8761 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 208746 | 846 | SH |  | SOLE |  | 0 | 0 | 846 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 200606 | 17768 | SH |  | SOLE |  | 0 | 0 | 17768 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 15242 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 951749 | 10165 | SH |  | SOLE |  | 0 | 0 | 10165 |
| RTX CORPORATION | COM | 75513E101 |  | 1496772 | 10250 | SH |  | SOLE |  | 0 | 0 | 10250 |
| S GLOBAL INC | COM | 78409V104 |  | 504992 | 958 | SH |  | SOLE |  | 0 | 0 | 958 |
| SALESFORCE INC | COM | 79466L302 |  | 350679 | 1286 | SH |  | SOLE |  | 0 | 0 | 1286 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1019831 | 11177 | SH |  | SOLE |  | 0 | 0 | 11177 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 274168 | 11218 | SH |  | SOLE |  | 0 | 0 | 11218 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 745332 | 24729 | SH |  | SOLE |  | 0 | 0 | 24729 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 534730 | 20179 | SH |  | SOLE |  | 0 | 0 | 20179 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 604912 | 4488 | SH |  | SOLE |  | 0 | 0 | 4488 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 309382 | 3821 | SH |  | SOLE |  | 0 | 0 | 3821 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 293959 | 1353 | SH |  | SOLE |  | 0 | 0 | 1353 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 2343001 | 27626 | SH |  | SOLE |  | 0 | 0 | 27626 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 864858 | 16514 | SH |  | SOLE |  | 0 | 0 | 16514 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2601921 | 10275 | SH |  | SOLE |  | 0 | 0 | 10275 |
| SERVICENOW INC | COM | 81762P102 |  | 1254258 | 1220 | SH |  | SOLE |  | 0 | 0 | 1220 |
| SHIFT4 PMTS INC | NOTE 12/1 | 82452JAB5 |  | 31469 | 25000 | PRN |  | SOLE |  | 0 | 0 | 25000 |
| SIMPSON MFG INC | COM | 829073105 |  | 386877 | 2491 | SH |  | SOLE |  | 0 | 0 | 2491 |
| SOUTHERN CO | COM | 842587107 |  | 988041 | 10759 | SH |  | SOLE |  | 0 | 0 | 10759 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 637675 | 6303 | SH |  | SOLE |  | 0 | 0 | 6303 |
| SOUTHERN MO BANCORP INC | COM | 843380106 |  | 702852 | 12830 | SH |  | SOLE |  | 0 | 0 | 12830 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2163592 | 4910 | SH |  | SOLE |  | 0 | 0 | 4910 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 5870416 | 19258 | SH |  | SOLE |  | 0 | 0 | 19258 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 870296 | 20363 | SH |  | SOLE |  | 0 | 0 | 20363 |
| SPDR INDEX SHS FDS | S INTL SMLCP | 78463X871 |  | 241670 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 529164 | 13069 | SH |  | SOLE |  | 0 | 0 | 13069 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 12044036 | 19493 | SH |  | SOLE |  | 0 | 0 | 19493 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 5188513 | 9159 | SH |  | SOLE |  | 0 | 0 | 9159 |
| SPDR SERIES TRUST | PORTFOLIO LN COR | 78464A367 |  | 479928 | 21264 | SH |  | SOLE |  | 0 | 0 | 21264 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 868278 | 25857 | SH |  | SOLE |  | 0 | 0 | 25857 |
| SPDR SERIES TRUST | BLOOMBERG EMERGI | 78464A391 |  | 224935 | 10511 | SH |  | SOLE |  | 0 | 0 | 10511 |
| SPDR SERIES TRUST | DJ REIT ETF | 78464A607 |  | 347956 | 3608 | SH |  | SOLE |  | 0 | 0 | 3608 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 |  | 828802 | 3929 | SH |  | SOLE |  | 0 | 0 | 3929 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 1135283 | 44347 | SH |  | SOLE |  | 0 | 0 | 44347 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 299560 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 326824 | 6010 | SH |  | SOLE |  | 0 | 0 | 6010 |
| SPDR SERIES TRUST | BLOOMBERG ENHNCD | 78468R440 |  | 335583 | 12324 | SH |  | SOLE |  | 0 | 0 | 12324 |
| SPDR SERIES TRUST | BLOOMBERG EMG MK | 78468R515 |  | 433948 | 17633 | SH |  | SOLE |  | 0 | 0 | 17633 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 428572 | 4406 | SH |  | SOLE |  | 0 | 0 | 4406 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 2817692 | 30717 | SH |  | SOLE |  | 0 | 0 | 30717 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 424507 | 9965 | SH |  | SOLE |  | 0 | 0 | 9965 |
| SPDR SERIES TRUST | BLOOMBERG 1 10 Y | 78468R861 |  | 354147 | 18503 | SH |  | SOLE |  | 0 | 0 | 18503 |
| SPINNAKER ETF SERIES | LANGAR GLOBAL HE | 84858T863 |  | 156769 | 15045 | SH |  | SOLE |  | 0 | 0 | 15045 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 287753 | 375 | SH |  | SOLE |  | 0 | 0 | 375 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 451448 | 10855 | SH |  | SOLE |  | 0 | 0 | 10855 |
| SSGA ACTIVE TR | SPDR SSGA US SCT | 78470P408 |  | 1631673 | 29710 | SH |  | SOLE |  | 0 | 0 | 29710 |
| SSGA ACTIVE TR | SPDR SSGA FXD | 78470P507 |  | 2349450 | 90923 | SH |  | SOLE |  | 0 | 0 | 90923 |
| STARBUCKS CORP | COM | 855244109 |  | 296515 | 3236 | SH |  | SOLE |  | 0 | 0 | 3236 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 3396576 | 14721 | SH |  | SOLE |  | 0 | 0 | 14721 |
| SUN CMNTYS INC | COM | 866674104 |  | 204534 | 1617 | SH |  | SOLE |  | 0 | 0 | 1617 |
| T-MOBILE US INC | COM | 872590104 |  | 295681 | 1241 | SH |  | SOLE |  | 0 | 0 | 1241 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6901668 | 30472 | SH |  | SOLE |  | 0 | 0 | 30472 |
| TARGET CORP | COM | 87612E106 |  | 372814 | 3779 | SH |  | SOLE |  | 0 | 0 | 3779 |
| TESLA INC | COM | 88160R101 |  | 39561609 | 124541 | SH |  | SOLE |  | 0 | 0 | 124541 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 22361 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| TEXAS INSTRS INC | COM | 882508104 |  | 259525 | 1250 | SH |  | SOLE |  | 0 | 0 | 1250 |
| THE CIGNA GROUP | COM | 125523100 |  | 312083 | 944 | SH |  | SOLE |  | 0 | 0 | 944 |
| TIDAL TRUST III | VISTASHARES TRGT | 45259A514 |  | 257443 | 13339 | SH |  | SOLE |  | 0 | 0 | 13339 |
| TJX COS INC NEW | COM | 872540109 |  | 427626 | 3463 | SH |  | SOLE |  | 0 | 0 | 3463 |
| TPI COMPOSITES INC | NOTE 5.250% 3/1 | 87266JAB0 |  | 2627 | 30000 | PRN |  | SOLE |  | 0 | 0 | 30000 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 468904 | 1072 | SH |  | SOLE |  | 0 | 0 | 1072 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 429937 | 1607 | SH |  | SOLE |  | 0 | 0 | 1607 |
| TRIMBLE INC | COM | 896239100 |  | 243440 | 3204 | SH |  | SOLE |  | 0 | 0 | 3204 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 201995 | 2165 | SH |  | SOLE |  | 0 | 0 | 2165 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 41355 | 29000 | PRN |  | SOLE |  | 0 | 0 | 29000 |
| UBIQUITI INC | COM | 90353W103 |  | 1246476 | 3028 | SH |  | SOLE |  | 0 | 0 | 3028 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 271803 | 581 | SH |  | SOLE |  | 0 | 0 | 581 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 778559 | 7713 | SH |  | SOLE |  | 0 | 0 | 7713 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 252904 | 811 | SH |  | SOLE |  | 0 | 0 | 811 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 134980 | 19850 | SH |  | SOLE |  | 0 | 0 | 19850 |
| VAIL RESORTS INC | NOTE 1/0 | 91879QAN9 |  | 30162 | 31000 | PRN |  | SOLE |  | 0 | 0 | 31000 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 409948 | 16172 | SH |  | SOLE |  | 0 | 0 | 16172 |
| VANECK ETF TRUST | CLO ETF | 92189H748 |  | 332153 | 6273 | SH |  | SOLE |  | 0 | 0 | 6273 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 420206 | 5707 | SH |  | SOLE |  | 0 | 0 | 5707 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 5151468 | 9069 | SH |  | SOLE |  | 0 | 0 | 9069 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 396500 | 2411 | SH |  | SOLE |  | 0 | 0 | 2411 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 737708 | 2594 | SH |  | SOLE |  | 0 | 0 | 2594 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 228815 | 1173 | SH |  | SOLE |  | 0 | 0 | 1173 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 270996 | 968 | SH |  | SOLE |  | 0 | 0 | 968 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 837926 | 2937 | SH |  | SOLE |  | 0 | 0 | 2937 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 512490 | 1169 | SH |  | SOLE |  | 0 | 0 | 1169 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2098494 | 11873 | SH |  | SOLE |  | 0 | 0 | 11873 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 593872 | 2506 | SH |  | SOLE |  | 0 | 0 | 2506 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6153834 | 20248 | SH |  | SOLE |  | 0 | 0 | 20248 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 294717 | 2193 | SH |  | SOLE |  | 0 | 0 | 2193 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 410853 | 6112 | SH |  | SOLE |  | 0 | 0 | 6112 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2201439 | 44509 | SH |  | SOLE |  | 0 | 0 | 44509 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 2352836 | 40028 | SH |  | SOLE |  | 0 | 0 | 40028 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1312156 | 16505 | SH |  | SOLE |  | 0 | 0 | 16505 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 565151 | 6632 | SH |  | SOLE |  | 0 | 0 | 6632 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 676193 | 14592 | SH |  | SOLE |  | 0 | 0 | 14592 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 349860 | 5064 | SH |  | SOLE |  | 0 | 0 | 5064 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3605165 | 63237 | SH |  | SOLE |  | 0 | 0 | 63237 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1446944 | 10854 | SH |  | SOLE |  | 0 | 0 | 10854 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 406214 | 5071 | SH |  | SOLE |  | 0 | 0 | 5071 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1153239 | 26652 | SH |  | SOLE |  | 0 | 0 | 26652 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 3978399 | 30982 | SH |  | SOLE |  | 0 | 0 | 30982 |
| VISA INC | COM CL A | 92826C839 |  | 2101993 | 5920 | SH |  | SOLE |  | 0 | 0 | 5920 |
| WALMART INC | COM | 931142103 |  | 773285 | 7908 | SH |  | SOLE |  | 0 | 0 | 7908 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 447904 | 1957 | SH |  | SOLE |  | 0 | 0 | 1957 |
| WELLTOWER INC | COM | 95040Q104 |  | 552434 | 3594 | SH |  | SOLE |  | 0 | 0 | 3594 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 35900 | 20000 | PRN |  | SOLE |  | 0 | 0 | 20000 |
| WILLIAMS COS INC | COM | 969457100 |  | 352301 | 5609 | SH |  | SOLE |  | 0 | 0 | 5609 |
| ZACKS TRUST | EARNGS CONSTANT | 98888G105 |  | 5157549 | 161628 | SH |  | SOLE |  | 0 | 0 | 161628 |
| ZACKS TRUST | SMALL/MID CAP | 98888G204 |  | 1877980 | 55414 | SH |  | SOLE |  | 0 | 0 | 55414 |
| ZACKS TRUST | FOCUS GROWTH ETF | 98888G808 |  | 350663 | 13239 | SH |  | SOLE |  | 0 | 0 | 13239 |
| ZSCALER INC | COM | 98980G102 |  | 283488 | 903 | SH |  | SOLE |  | 0 | 0 | 903 |

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