# EDGAR Filing Document

**Accession Number:** 0001055290
**File Stem:** 0000950123-25-006529
**Filing Date:** 2025-7
**Character Count:** 26605
**Document Hash:** abf15711132ed7b7bc03f630d23a5e39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-006529.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0000950123-25-006529

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APPLETON PARTNERS INC/MA
- **CENTRAL INDEX KEY:** 0001055290

**ORGANIZATION NAME:**
- **EIN:** 042943177
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06694
- **FILM NUMBER:** 251139658

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **STREET 2:** 5TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 6173380700

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **STREET 2:** 5TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

### 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:** APPLETON PARTNERS INC/MA<br>**Address:** ONE POST OFFICE SQUARE<br>5TH FLOOR<br>BOSTON, MA 02109

**Form 13F File Number:** 028-06694

**CRD Number (if applicable):** 000110049

**SEC File Number (if applicable):** 801-29384

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:** Michael Howard<br>**Title:** Chief Compliance Officer<br>**Phone:** (617) 338-0700

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

/s/ Michael Howard  Boston, MA  07-22-2025<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:** 251

**Form 13F Information Table Value Total:** $1413190

      (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 | CS | 88579Y101 |  | 709 | 4656 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBOTT LABORATORIES | CS | 002824100 |  | 1916 | 14087 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBVIE INC | CS | 00287Y109 |  | 7377 | 39742 | SH |  | SOLE |  | 0 | 0 | 0 |
| ACCENTURE PLC | CS | G1151C101 |  | 643 | 2151 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADOBE INC | CS | 00724F101 |  | 1363 | 3524 | SH |  | SOLE |  | 0 | 0 | 0 |
| AFLAC INC | CS | 001055102 |  | 513 | 4863 | SH |  | SOLE |  | 0 | 0 | 0 |
| AIR PRODUCTS AND CHEMICALS INC | CS | 009158106 |  | 2740 | 9715 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CS | 02079K107 |  | 27444 | 154711 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CS | 02079K305 |  | 9073 | 51486 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMAZON.COM INC | CS | 023135106 |  | 39676 | 180847 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN TOWER CORP | CS | 03027X100 |  | 4784 | 21647 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMGEN INC | CS | 031162100 |  | 1723 | 6171 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMPHENOL CORP | CS | 032095101 |  | 1231 | 12470 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMPLIFY CYBERSECURITY ETF | CS | 032108664 |  | 4032 | 46680 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLE INC | CS | 037833100 |  | 71678 | 349357 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO | CS | 039483102 |  | 501 | 9497 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARTHUR J GALLAGHER  CO | CS | 363576109 |  | 15458 | 48290 | SH |  | SOLE |  | 0 | 0 | 0 |
| AT INC | CS | 00206R102 |  | 512 | 17694 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTODESK INC | CS | 052769106 |  | 7751 | 25038 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | CS | 053015103 |  | 2452 | 7949 | SH |  | SOLE |  | 0 | 0 | 0 |
| BANK OF AMERICA CORP | CS | 060505104 |  | 1951 | 41229 | SH |  | SOLE |  | 0 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | CS | 084670108 |  | 729 | 1 | SH |  | SOLE |  | 0 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | CS | 084670702 |  | 15765 | 32454 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKSTONE INC | CS | 09260D107 |  | 14579 | 97463 | SH |  | SOLE |  | 0 | 0 | 0 |
| BOEING CO/THE | CS | 097023105 |  | 328 | 1564 | SH |  | SOLE |  | 0 | 0 | 0 |
| BOOKING HOLDINGS INC | CS | 09857L108 |  | 12609 | 2178 | SH |  | SOLE |  | 0 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | CS | 101137107 |  | 219 | 2040 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROADCOM INC | CS | 11135F101 |  | 37312 | 135361 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTIONS | CS | 11133T103 |  | 3073 | 12645 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROADSTONE NET LEASE INC | CS | 11135E203 |  | 587 | 36577 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | CS | 14040H105 |  | 3662 | 17212 | SH |  | SOLE |  | 0 | 0 | 0 |
| CATERPILLAR INC | CS | 149123101 |  | 655 | 1687 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHEVRON CORP | CS | 166764100 |  | 396 | 2769 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | CS | 169656105 |  | 11611 | 206791 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHUBB LTD | CS | H1467J104 |  | 763 | 2634 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHURCH  DWIGHT CO INC | CS | 171340102 |  | 353 | 3672 | SH |  | SOLE |  | 0 | 0 | 0 |
| CIGNA GROUP/THE | CS | 125523100 |  | 516 | 1560 | SH |  | SOLE |  | 0 | 0 | 0 |
| CINTAS CORP | CS | 172908105 |  | 3446 | 15462 | SH |  | SOLE |  | 0 | 0 | 0 |
| CISCO SYSTEMS INC | CS | 17275R102 |  | 1449 | 20880 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLIFTON MINING CO | CS | 186904108 |  | 1 | 25000 | SH |  | SOLE |  | 0 | 0 | 0 |
| CME GROUP INC | CS | 12572Q105 |  | 4419 | 16032 | SH |  | SOLE |  | 0 | 0 | 0 |
| COCA-COLA CO/THE | CS | 191216100 |  | 1092 | 15434 | SH |  | SOLE |  | 0 | 0 | 0 |
| COLGATE-PALMOLIVE CO | CS | 194162103 |  | 389 | 4281 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMCAST CORP | CS | 20030N101 |  | 1207 | 33832 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMMUNICATION SERVICES SELECT | CS | 81369Y852 |  | 1310 | 12066 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSTELLATION SOFTWARE INC/CAN | CS | 21037X100 |  | 9075 | 2473 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSUMER STAPLES SELECT SECTOR | CS | 81369Y308 |  | 545 | 6725 | SH |  | SOLE |  | 0 | 0 | 0 |
| CORNING INC | CS | 219350105 |  | 2309 | 43909 | SH |  | SOLE |  | 0 | 0 | 0 |
| COSTCO WHOLESALE CORP | CS | 22160K105 |  | 10333 | 10438 | SH |  | SOLE |  | 0 | 0 | 0 |
| CRH PLC | CS | G25508105 |  | 3353 | 36521 | SH |  | SOLE |  | 0 | 0 | 0 |
| CSX CORP | CS | 126408103 |  | 595 | 18226 | SH |  | SOLE |  | 0 | 0 | 0 |
| CURTISS-WRIGHT CORP | CS | 231561101 |  | 11111 | 22743 | SH |  | SOLE |  | 0 | 0 | 0 |
| DANAHER CORP | CS | 235851102 |  | 11211 | 56755 | SH |  | SOLE |  | 0 | 0 | 0 |
| DARDEN RESTAURANTS INC | CS | 237194105 |  | 433 | 1986 | SH |  | SOLE |  | 0 | 0 | 0 |
| DEERE  CO | CS | 244199105 |  | 471 | 926 | SH |  | SOLE |  | 0 | 0 | 0 |
| DUPONT DE NEMOURS INC | CS | 26614N102 |  | 1797 | 26192 | SH |  | SOLE |  | 0 | 0 | 0 |
| ELI LILLY  CO | CS | 532457108 |  | 3605 | 4625 | SH |  | SOLE |  | 0 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR FUND | CS | 81369Y506 |  | 23118 | 272588 | SH |  | SOLE |  | 0 | 0 | 0 |
| EOG RESOURCES INC | CS | 26875P101 |  | 397 | 3320 | SH |  | SOLE |  | 0 | 0 | 0 |
| EQUINIX INC | CS | 29444U700 |  | 2123 | 2669 | SH |  | SOLE |  | 0 | 0 | 0 |
| EVERCORE INC | CS | 29977A105 |  | 8203 | 30380 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXXON MOBIL CORP | CS | 30231G102 |  | 3378 | 31334 | SH |  | SOLE |  | 0 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR F | CS | 81369Y605 |  | 1266 | 24172 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST NASDAQ CYBERSECURI | CS | 33734X846 |  | 12324 | 163057 | SH |  | SOLE |  | 0 | 0 | 0 |
| FORD MOTOR CO | CS | 345370860 |  | 294 | 27135 | SH |  | SOLE |  | 0 | 0 | 0 |
| FORTIVE CORP | CS | 34959J108 |  | 239 | 4584 | SH |  | SOLE |  | 0 | 0 | 0 |
| GE VERNOVA INC | CS | 36828A101 |  | 25382 | 47967 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL ELECTRIC CO | CS | 369604301 |  | 1080 | 4195 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL MILLS INC | CS | 370334104 |  | 324 | 6246 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X VIDEO GAMES  ESPORTS | CS | 37954Y392 |  | 471 | 14402 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS GROUP INC/THE | CS | 38141G104 |  | 3856 | 5448 | SH |  | SOLE |  | 0 | 0 | 0 |
| HERSHEY CO/THE | CS | 427866108 |  | 3812 | 22969 | SH |  | SOLE |  | 0 | 0 | 0 |
| HOME DEPOT INC/THE | CS | 437076102 |  | 23457 | 63979 | SH |  | SOLE |  | 0 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | CS | 438516106 |  | 470 | 2018 | SH |  | SOLE |  | 0 | 0 | 0 |
| ILLINOIS TOOL WORKS INC | CS | 452308109 |  | 437 | 1768 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTEL CORP | CS | 458140100 |  | 402 | 17944 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | CS | 45866F104 |  | 17775 | 96884 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHINE | CS | 459200101 |  | 966 | 3277 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTUIT INC | CS | 461202103 |  | 17391 | 22080 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES BIOTECHNOLOGY ETF | CS | 464287556 |  | 9348 | 73894 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOHNSON  JOHNSON | CS | 478160104 |  | 7176 | 46980 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN CHASE  CO | CS | 46625H100 |  | 37418 | 129067 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOCKHEED MARTIN CORP | CS | 539830109 |  | 7211 | 15570 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOWE'S COS INC | CS | 548661107 |  | 713 | 3214 | SH |  | SOLE |  | 0 | 0 | 0 |
| LVMH MOET HENNESSY LOUIS VUITT | CS | 502441306 |  | 4391 | 41793 | SH |  | SOLE |  | 0 | 0 | 0 |
| MARSH  MCLENNAN COS INC | CS | 571748102 |  | 213 | 975 | SH |  | SOLE |  | 0 | 0 | 0 |
| MARVELL TECHNOLOGY INC | CS | 573874104 |  | 10309 | 133186 | SH |  | SOLE |  | 0 | 0 | 0 |
| MATERIALS SELECT SECTOR SPDR F | CS | 81369Y100 |  | 209 | 2377 | SH |  | SOLE |  | 0 | 0 | 0 |
| MCDONALD'S CORP | CS | 580135101 |  | 5170 | 17696 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEDTRONIC PLC | CS | G5960L103 |  | 2859 | 32802 | SH |  | SOLE |  | 0 | 0 | 0 |
| MERCK  CO INC | CS | 58933Y105 |  | 623 | 7869 | SH |  | SOLE |  | 0 | 0 | 0 |
| META PLATFORMS INC | CS | 30303M102 |  | 24066 | 32606 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICRON TECHNOLOGY INC | CS | 595112103 |  | 17010 | 138009 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICROSOFT CORP | CS | 594918104 |  | 58847 | 118307 | SH |  | SOLE |  | 0 | 0 | 0 |
| MONDELEZ INTERNATIONAL INC | CS | 609207105 |  | 730 | 10827 | SH |  | SOLE |  | 0 | 0 | 0 |
| MONSTER BEVERAGE CORP | CS | 61174X109 |  | 7533 | 120265 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY | CS | 617446448 |  | 21820 | 154906 | SH |  | SOLE |  | 0 | 0 | 0 |
| NETFLIX INC | CS | 64110L106 |  | 22666 | 16926 | SH |  | SOLE |  | 0 | 0 | 0 |
| NIKE INC | CS | 654106103 |  | 1150 | 16195 | SH |  | SOLE |  | 0 | 0 | 0 |
| NINTENDO CO LTD | CS | 654445303 |  | 3037 | 126442 | SH |  | SOLE |  | 0 | 0 | 0 |
| NORTHERN TRUST CORP | CS | 665859104 |  | 205 | 1615 | SH |  | SOLE |  | 0 | 0 | 0 |
| NORTHROP GRUMMAN CORP | CS | 666807102 |  | 10695 | 21391 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUCOR CORP | CS | 670346105 |  | 238 | 1835 | SH |  | SOLE |  | 0 | 0 | 0 |
| NVIDIA CORP | CS | 67066G104 |  | 13471 | 85267 | SH |  | SOLE |  | 0 | 0 | 0 |
| NXP SEMICONDUCTORS NV | CS | N6596X109 |  | 206 | 943 | SH |  | SOLE |  | 0 | 0 | 0 |
| O'REILLY AUTOMOTIVE INC | CS | 67103H107 |  | 373 | 4134 | SH |  | SOLE |  | 0 | 0 | 0 |
| ORACLE CORP | CS | 68389X105 |  | 1018 | 4656 | SH |  | SOLE |  | 0 | 0 | 0 |
| PALO ALTO NETWORKS INC | CS | 697435105 |  | 7821 | 38218 | SH |  | SOLE |  | 0 | 0 | 0 |
| PEPSICO INC | CS | 713448108 |  | 6406 | 48518 | SH |  | SOLE |  | 0 | 0 | 0 |
| PFIZER INC | CS | 717081103 |  | 205 | 8468 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROCTER  GAMBLE CO/THE | CS | 742718109 |  | 10149 | 63704 | SH |  | SOLE |  | 0 | 0 | 0 |
| QUEST DIAGNOSTICS INC | CS | 74834L100 |  | 3439 | 19146 | SH |  | SOLE |  | 0 | 0 | 0 |
| REPUBLIC SERVICES INC | CS | 760759100 |  | 10704 | 43406 | SH |  | SOLE |  | 0 | 0 | 0 |
| RLI CORP | CS | 749607107 |  | 341 | 4715 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROLLINS INC | CS | 775711104 |  | 3056 | 54168 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROPER TECHNOLOGIES INC | CS | 776696106 |  | 12842 | 22655 | SH |  | SOLE |  | 0 | 0 | 0 |
| RTX CORP | CS | 75513E101 |  | 609 | 4172 | SH |  | SOLE |  | 0 | 0 | 0 |
| SALESFORCE INC | CS | 79466L302 |  | 642 | 2355 | SH |  | SOLE |  | 0 | 0 | 0 |
| SERVICENOW INC | CS | 81762P102 |  | 11639 | 11321 | SH |  | SOLE |  | 0 | 0 | 0 |
| SHELL PLC | CS | 780259305 |  | 213 | 3024 | SH |  | SOLE |  | 0 | 0 | 0 |
| SHERWIN-WILLIAMS CO/THE | CS | 824348106 |  | 11825 | 34439 | SH |  | SOLE |  | 0 | 0 | 0 |
| SILVERCREST ASSET MANAGEMENT G | CS | 828359109 |  | 502 | 31650 | SH |  | SOLE |  | 0 | 0 | 0 |
| SOUTHERN CO/THE | CS | 842587107 |  | 314 | 3423 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPARTANNASH CO | CS | 847215100 |  | 212 | 8000 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S OIL  GAS EXPLORATION | CS | 78468R556 |  | 1202 | 9553 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPOTIFY TECHNOLOGY SA | CS | L8681T102 |  | 9917 | 12924 | SH |  | SOLE |  | 0 | 0 | 0 |
| STARBUCKS CORP | CS | 855244109 |  | 416 | 4544 | SH |  | SOLE |  | 0 | 0 | 0 |
| STRYKER CORP | CS | 863667101 |  | 11675 | 29509 | SH |  | SOLE |  | 0 | 0 | 0 |
| SYSCO CORP | CS | 871829107 |  | 2232 | 29476 | SH |  | SOLE |  | 0 | 0 | 0 |
| T-MOBILE US INC | CS | 872590104 |  | 220 | 922 | SH |  | SOLE |  | 0 | 0 | 0 |
| TE CONNECTIVITY PLC | CS | G87052109 |  | 2735 | 16215 | SH |  | SOLE |  | 0 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR | CS | 81369Y803 |  | 3083 | 12176 | SH |  | SOLE |  | 0 | 0 | 0 |
| TESLA INC | CS | 88160R101 |  | 232 | 731 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEXAS INSTRUMENTS INC | CS | 882508104 |  | 776 | 3737 | SH |  | SOLE |  | 0 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | CS | 883556102 |  | 13993 | 34512 | SH |  | SOLE |  | 0 | 0 | 0 |
| TJX COS INC/THE | CS | 872540109 |  | 5970 | 48347 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | CS | G8994E103 |  | 791 | 1809 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRAVELERS COS INC/THE | CS | 89417E109 |  | 450 | 1682 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNION PACIFIC CORP | CS | 907818108 |  | 681 | 2961 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITEDHEALTH GROUP INC | CS | 91324P102 |  | 15717 | 50378 | SH |  | SOLE |  | 0 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR F | CS | 81369Y886 |  | 4777 | 58493 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALERO ENERGY CORP | CS | 91913Y100 |  | 436 | 3244 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERISIGN INC | CS | 92343E102 |  | 1288 | 4460 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERISK ANALYTICS INC | CS | 92345Y106 |  | 13309 | 42724 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | CS | 92343V104 |  | 401 | 9268 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | CS | 92532F100 |  | 805 | 1808 | SH |  | SOLE |  | 0 | 0 | 0 |
| VISA INC | CS | 92826C839 |  | 30005 | 84510 | SH |  | SOLE |  | 0 | 0 | 0 |
| VULCAN MATERIALS CO | CS | 929160109 |  | 9500 | 36422 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALMART INC | CS | 931142103 |  | 6436 | 65824 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALT DISNEY CO/THE | CS | 254687106 |  | 11636 | 93828 | SH |  | SOLE |  | 0 | 0 | 0 |
| WASTE CONNECTIONS INC | CS | 94106B101 |  | 9300 | 49805 | SH |  | SOLE |  | 0 | 0 | 0 |
| WASTE MANAGEMENT INC | CS | 94106L109 |  | 602 | 2632 | SH |  | SOLE |  | 0 | 0 | 0 |
| WATSCO INC | CS | 942622200 |  | 2966 | 6717 | SH |  | SOLE |  | 0 | 0 | 0 |
| WEC ENERGY GROUP INC | CS | 92939U106 |  | 397 | 3806 | SH |  | SOLE |  | 0 | 0 | 0 |
| WELLS FARGO  CO | CS | 949746101 |  | 883 | 11018 | SH |  | SOLE |  | 0 | 0 | 0 |
| WELLTOWER INC | CS | 95040Q104 |  | 13748 | 89430 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTINGHOUSE AIR BRAKE TECHNOL | CS | 929740108 |  | 790 | 3772 | SH |  | SOLE |  | 0 | 0 | 0 |
| YUM CHINA HOLDINGS INC | CS | 98850P109 |  | 236 | 5280 | SH |  | SOLE |  | 0 | 0 | 0 |
| YUM! BRANDS INC | CS | 988498101 |  | 577 | 3895 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZOETIS INC | CS | 98978V103 |  | 12618 | 80909 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN F | ETF | 315948109 |  | 303 | 3227 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST NASDAQ CLEAN EDGE | ETF | 33733E500 |  | 273 | 8365 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST NORTH AMERICAN ENE | ETF | 33738D101 |  | 4716 | 125720 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST PREFERRED SECURITI | ETF | 33739E108 |  | 242 | 13607 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TRUST US EQUITY OPPORTUN | ETF | 336920103 |  | 249 | 1716 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X US PREFERRED ETF | ETF | 37954Y657 |  | 4038 | 214421 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS ACTIVEBETA INTER | ETF | 381430107 |  | 17246 | 434855 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS ACTIVEBETA U.S. | ETF | 381430503 |  | 52113 | 429334 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS JUST US LARGE CA | ETF | 381430396 |  | 435 | 4953 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRANITESHARES BLOOMBERG COMMOD | ETF | 38747R108 |  | 3608 | 171902 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | ETF | 46090E103 |  | 1280 | 2320 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO RAFI US 1000 ETF | ETF | 46137V613 |  | 205 | 4861 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT E | ETF | 46137V357 |  | 280 | 1540 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO S 500 LOW VOLATILITY | ETF | 46138E354 |  | 208 | 2863 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO SENIOR LOAN ETF | ETF | 46138G508 |  | 3052 | 145866 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE INTERNATIONAL AGG | ETF | 46435G672 |  | 6469 | 126629 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 512 | 6133 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE MSCI EMERGING MAR | ETF | 46434G103 |  | 15831 | 263714 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 3354 | 5402 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 1002 | 16160 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S SMALL-CAP ETF | ETF | 464287804 |  | 456 | 4169 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S TOTAL U.S. ST | ETF | 464287150 |  | 374 | 2771 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE TOTAL USD BOND MA | ETF | 46434V613 |  | 1124 | 24320 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BO | ETF | 464287226 |  | 228 | 2303 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES ESG AWARE MSCI EAFE ET | ETF | 46435G516 |  | 398 | 4456 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES GOLD TRUST | ETF | 464285204 |  | 665 | 10670 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 2820 | 31546 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EAFE MIN VOL FACT | ETF | 46429B689 |  | 558 | 6635 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS | ETF | 464287234 |  | 866 | 17946 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS | ETF | 464286533 |  | 313 | 4987 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI GLOBAL MIN VOL FA | ETF | 464286525 |  | 424 | 3575 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI USA MIN VOL FACTO | ETF | 46429B697 |  | 200 | 2134 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL 1000 GROWTH ET | ETF | 464287614 |  | 1322 | 3113 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 4080 | 18905 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL 2000 GROWTH ET | ETF | 464287648 |  | 1262 | 4416 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL 2000 VALUE ETF | ETF | 464287630 |  | 409 | 2590 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL MID-CAP ETF | ETF | 464287499 |  | 2095 | 22782 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL MID-CAP GROWTH | ETF | 464287481 |  | 863 | 6226 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL MID-CAP VALUE | ETF | 464287473 |  | 323 | 2447 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 428 | 2190 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES SELECT DIVIDEND ETF | ETF | 464287168 |  | 821 | 6184 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES U.S. ENERGY ETF | ETF | 464287796 |  | 296 | 6539 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN DIVERSIFIED RETURN US | ETF | 46641Q886 |  | 9175 | 88477 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN DIVERSIFIED RETURN US | ETF | 46641Q845 |  | 8285 | 182143 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN EQUITY PREMIUM INCOME | ETF | 46641Q332 |  | 14806 | 260440 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN NASDAQ EQUITY PREMIUM | ETF | 46654Q203 |  | 329 | 6040 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN ULTRA-SHORT INCOME ET | ETF | 46641Q837 |  | 23340 | 460530 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN ULTRA-SHORT MUNICIPAL | ETF | 46641Q654 |  | 5755 | 113012 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROSHARES TRUST S 500 EX-ENE | ETF | 74347B581 |  | 242 | 3621 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB EMERGING MARKETS EQUITY | ETF | 808524706 |  | 361 | 11966 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB FUNDAMENTAL EMERGING MA | ETF | 808524730 |  | 239 | 7252 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB FUNDAMENTAL INTERNATION | ETF | 808524755 |  | 594 | 14836 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB FUNDAMENTAL U.S. LARGE | ETF | 808524771 |  | 772 | 31450 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB FUNDAMENTAL U.S. SMALL | ETF | 808524763 |  | 343 | 11968 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB INTERNATIONAL EQUITY ET | ETF | 808524805 |  | 18974 | 858567 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP GROWTH E | ETF | 808524300 |  | 2157 | 73831 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB U.S. MID-CAP ETF | ETF | 808524508 |  | 387 | 13784 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB U.S. REIT ETF | ETF | 808524847 |  | 4386 | 207261 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB US BROAD MARKET ETF | ETF | 808524102 |  | 371 | 15549 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 644 | 24319 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB US LARGE-CAP ETF | ETF | 808524201 |  | 45564 | 1864340 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB US SMALL-CAP ETF | ETF | 808524607 |  | 11167 | 441378 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR BLOOMBERG INVESTMENT GRAD | ETF | 78468R200 |  | 13626 | 441986 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR DOW JONES INDUSTRIAL AVER | ETF | 78467X109 |  | 568 | 1289 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD MINISHARES TRUST | ETF | 98149E303 |  | 355 | 5420 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 1032 | 3384 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR MSCI EMERGING MARKETS STR | ETF | 78463X426 |  | 847 | 13437 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR PORTFOLIO AGGREGATE BOND | ETF | 78464A649 |  | 7791 | 304336 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR PORTFOLIO HIGH YIELD BOND | ETF | 78468R606 |  | 3019 | 126845 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR PORTFOLIO INTERMEDIATE TE | ETF | 78464A375 |  | 9443 | 281200 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S 400 MID CAP VALUE ETF | ETF | 78464A839 |  | 202 | 2538 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 13079 | 21169 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 811 | 5975 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 816 | 1440 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION | ETF | 921908844 |  | 676 | 3303 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD ESG US STOCK ETF | ETF | 921910733 |  | 497 | 4530 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US | ETF | 922042775 |  | 1402 | 20850 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE ALL WORLD EX-US | ETF | 922042718 |  | 587 | 4370 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKET | ETF | 921943858 |  | 2233 | 39164 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS | ETF | 922042858 |  | 1361 | 27516 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 580 | 1324 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD HEALTH CARE ETF | ETF | 92204A504 |  | 335 | 1350 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD HIGH DIVIDEND YIELD E | ETF | 921946406 |  | 311 | 2330 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOG | ETF | 92204A702 |  | 1390 | 2095 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD LARGE-CAP ETF | ETF | 922908637 |  | 1317 | 4615 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 1735 | 6201 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 742 | 1307 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 510 | 2151 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SMALL-CAP VALUE ETF | ETF | 922908611 |  | 305 | 1564 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ET | ETF | 922908769 |  | 1225 | 4031 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 339 | 1920 | SH |  | SOLE |  | 0 | 0 | 0 |

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