# EDGAR Filing Document

**Accession Number:** 0001025038
**File Stem:** 0001025038-26-000002
**Filing Date:** 2026-1
**Character Count:** 25549
**Document Hash:** af2640adf926bcd8ecf36e26aa73442e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001025038-26-000002.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0001025038-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARVEST INVESTMENTS, INC.
- **CENTRAL INDEX KEY:** 0001025038

**ORGANIZATION NAME:**
- **EIN:** 710794602
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23529
- **FILM NUMBER:** 26542165

**BUSINESS ADDRESS:**
- **STREET 1:** 913 W MONROE AVENUE
- **CITY:** LOWELL
- **STATE:** AR
- **ZIP:** 72745
- **BUSINESS PHONE:** 501 988 6951

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1515
- **CITY:** LOWELL
- **STATE:** AR
- **ZIP:** 72745

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARVEST INVESTMENTS INC                                  /BD
- **DATE OF NAME CHANGE:** 20020222

### 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:** ARVEST INVESTMENTS INC.<br>**Address:** PO BOX 1515<br>LOWELL, AR 72745

**Form 13F File Number:** 028-23529

**CRD Number (if applicable):** 000042057

**SEC File Number (if applicable):** 801-63738

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:** Anne M Reed<br>**Title:** Compliance<br>**Phone:** 901 371 6913

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

Anne M Reed  Millington, TN  01-20-2026<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:** 219

**Form 13F Information Table Value Total:** $711746853

      (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 |
| ABRDN PALLADIUM ETF TRUST | PHYSICAL PALLADM | 003262102 |  | 1197945 | 8240 | SH |  | SOLE |  | 5619 | 0 | 2621 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 1231034 | 6603 | SH |  | SOLE |  | 4491 | 0 | 2111 |
| ACUITY INC | COM | 00508Y102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 323040 | 923 | SH |  | SOLE |  | 885 | 0 | 38 |
| AES CORP | COM | 00130H105 |  | 687875 | 47969 | SH |  | SOLE |  | 35479 | 0 | 12490 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 1249817 | 19225 | SH |  | SOLE |  | 14214 | 0 | 5011 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 811779 | 1615 | SH |  | SOLE |  | 1551 | 0 | 64 |
| BEST BUY INC | COM | 086516101 |  | 400375 | 5982 | SH |  | SOLE |  | 4422 | 0 | 1560 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 284429 | 2983 | SH |  | SOLE |  | 2768 | 0 | 215 |
| BROADCOM INC | COM | 11135F101 |  | 1798335 | 5196 | SH |  | SOLE |  | 4976 | 0 | 220 |
| CAMBRIA ETF TR | GLB MOMENT ETF | 132061508 |  | 2528876 | 75433 | SH |  | SOLE |  | 67808 | 0 | 7625 |
| CAPITAL GROUP DIVIDEND GROWE | SHS ETF | 14021L109 |  | 47401 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 45080 | 1033 | SH |  | SOLE |  | 0 | 0 | 1033 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 5114 | 115 | SH |  | SOLE |  | 0 | 0 | 115 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 608675 | 2425 | SH |  | SOLE |  | 2324 | 0 | 101 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1178434 | 7732 | SH |  | SOLE |  | 5703 | 0 | 2029 |
| CISCO SYS INC | COM | 17275R102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1062462 | 9105 | SH |  | SOLE |  | 6735 | 0 | 2370 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 438931 | 509 | SH |  | SOLE |  | 490 | 0 | 19 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 43985 | 347 | SH |  | SOLE |  | 0 | 0 | 347 |
| DISNEY WALT CO | COM | 254687106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2929445 | 24343 | SH |  | SOLE |  | 7199 | 0 | 17143 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 231297 | 4237 | SH |  | SOLE |  | 3131 | 0 | 1106 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 6249912 | 89965 | SH |  | SOLE |  | 1129 | 0 | 88836 |
| FIRST TR EXCHANGE-TRADED FD | LNG DUR OPRTUN | 33738D606 |  | 3526979 | 161565 | SH |  | SOLE |  | 3199 | 0 | 158366 |
| FISERV INC | COM | 337738108 |  | 77598 | 1155 | SH |  | SOLE |  | 959 | 0 | 196 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 |  | 6861377 | 199169 | SH |  | SOLE |  | 132039 | 0 | 67129 |
| GE AEROSPACE | COM NEW | 369604301 |  | 341605 | 1109 | SH |  | SOLE |  | 1064 | 0 | 45 |
| ANALOG DEVICES INC | COM | 032654105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 |  | 16454 | 409 | SH |  | SOLE |  | 0 | 0 | 409 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 15315 | 442 | SH |  | SOLE |  | 0 | 0 | 442 |
| CAPITAL GRP FIXED INCM ETF T | CORE PLUS INCM | 14020Y102 |  | 25922 | 1145 | SH |  | SOLE |  | 0 | 0 | 1145 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1525377 | 26115 | SH |  | SOLE |  | 19289 | 0 | 6826 |
| DTE ENERGY CO | COM | 233331107 |  | 1239755 | 9612 | SH |  | SOLE |  | 7095 | 0 | 2517 |
| EXELON CORP | COM | 30161N101 |  | 491128 | 11267 | SH |  | SOLE |  | 8329 | 0 | 2938 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1070977 | 3181 | SH |  | SOLE |  | 3051 | 0 | 130 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 3141246 | 65730 | SH |  | SOLE |  | 755 | 0 | 64974 |
| GOLDMAN SACHS ETF TR | ACCESS INVT GR | 381430479 |  | 32290945 | 698182 | SH |  | SOLE |  | 501378 | 0 | 196804 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 19070953 | 144073 | SH |  | SOLE |  | 95116 | 0 | 48956 |
| HORMEL FOODS CORP | COM | 440452100 |  | 906288 | 38240 | SH |  | SOLE |  | 28308 | 0 | 9932 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 50291053 | 262534 | SH |  | SOLE |  | 148305 | 0 | 114229 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 21779 | 324 | SH |  | SOLE |  | 324 | 0 | 0 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 9616821 | 94588 | SH |  | SOLE |  | 67871 | 0 | 26716 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 3642421 | 92330 | SH |  | SOLE |  | 1199 | 0 | 91130 |
| ISHARES TR | MBS ETF | 464288588 |  | 21505324 | 225848 | SH |  | SOLE |  | 162942 | 0 | 62906 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 2966705 | 14104 | SH |  | SOLE |  | 125 | 0 | 13979 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 27801849 | 608488 | SH |  | SOLE |  | 437124 | 0 | 171364 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 27490 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 350972 | 6520 | SH |  | SOLE |  | 6222 | 0 | 297 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 703654 | 8765 | SH |  | SOLE |  | 6485 | 0 | 2280 |
| NIKE INC | CL B | 654106103 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1602657 | 7014 | SH |  | SOLE |  | 6730 | 0 | 283 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1118577 | 4169 | SH |  | SOLE |  | 3998 | 0 | 171 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 603931 | 2820 | SH |  | SOLE |  | 2703 | 0 | 117 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7873778 | 25155 | SH |  | SOLE |  | 12597 | 0 | 12558 |
| APPLE INC | COM | 037833100 |  | 6775037 | 24921 | SH |  | SOLE |  | 12329 | 0 | 12591 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 552553 | 4217 | SH |  | SOLE |  | 3988 | 0 | 229 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 969404 | 5783 | SH |  | SOLE |  | 5560 | 0 | 223 |
| BANK AMERICA CORP | COM | 060505104 |  | 1204944 | 21908 | SH |  | SOLE |  | 21021 | 0 | 886 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 62357 | 1765 | SH |  | SOLE |  | 0 | 0 | 1765 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1248687 | 6423 | SH |  | SOLE |  | 70 | 0 | 6353 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 754074 | 8055 | SH |  | SOLE |  | 7721 | 0 | 333 |
| CVS HEALTH CORP | COM | 126650100 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 270414 | 849 | SH |  | SOLE |  | 820 | 0 | 29 |
| EDISON INTL | COM | 281020107 |  | 914164 | 15231 | SH |  | SOLE |  | 11256 | 0 | 3975 |
| EOG RES INC | COM | 26875P101 |  | 1114334 | 10611 | SH |  | SOLE |  | 139 | 0 | 10472 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 5965093 | 256784 | SH |  | SOLE |  | 174472 | 0 | 82311 |
| FIRST TR EXCHNG TRADED FD VI | FT ENERGY INCOME | 33740F276 |  | 11086292 | 557941 | SH |  | SOLE |  | 379228 | 0 | 178712 |
| FORD MTR CO | COM | 345370860 |  | 1030313 | 78530 | SH |  | SOLE |  | 58031 | 0 | 20499 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 17062687 | 409963 | SH |  | SOLE |  | 271821 | 0 | 138141 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 404797 | 25174 | SH |  | SOLE |  | 18567 | 0 | 6607 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1493453 | 6625 | SH |  | SOLE |  | 6332 | 0 | 293 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 2379398 | 27299 | SH |  | SOLE |  | 19609 | 0 | 7689 |
| ISHARES TR | CMBS ETF | 46429B366 |  | 21506562 | 438194 | SH |  | SOLE |  | 316022 | 0 | 122171 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 57403 | 883 | SH |  | SOLE |  | 0 | 0 | 883 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 648221 | 6490 | SH |  | SOLE |  | 5055 | 0 | 1435 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 9485493 | 76955 | SH |  | SOLE |  | 51696 | 0 | 25259 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 50245 | 356 | SH |  | SOLE |  | 348 | 0 | 8 |
| ALCON AG | ORD SHS | H01301128 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 5231996 | 22667 | SH |  | SOLE |  | 8619 | 0 | 14048 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 502520 | 4358 | SH |  | SOLE |  | 3220 | 0 | 1138 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 927094 | 2506 | SH |  | SOLE |  | 2403 | 0 | 103 |
| APPLIED MATLS INC | COM | 038222105 |  | 970137 | 3775 | SH |  | SOLE |  | 3620 | 0 | 155 |
| AT INC | COM | 00206R102 |  | 519006 | 20894 | SH |  | SOLE |  | 15467 | 0 | 5427 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 381055 | 7064 | SH |  | SOLE |  | 4799 | 0 | 2265 |
| CAPITAL GRP FIXED INCM ETF T | CORE BOND ETF | 14020Y508 |  | 25883 | 976 | SH |  | SOLE |  | 0 | 0 | 976 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1412998 | 5830 | SH |  | SOLE |  | 5589 | 0 | 241 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 3115 | 102 | SH |  | SOLE |  | 0 | 0 | 102 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 399653 | 23088 | SH |  | SOLE |  | 17042 | 0 | 6046 |
| DANAHER CORPORATION | COM | 235851102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1073473 | 4089 | SH |  | SOLE |  | 3896 | 0 | 193 |
| ELI LILLY  CO | COM | 532457108 |  | 1039215 | 967 | SH |  | SOLE |  | 884 | 0 | 83 |
| EQUINIX INC | COM | 29444U700 |  | 1044276 | 1363 | SH |  | SOLE |  | 16 | 0 | 1347 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 1776367 | 26383 | SH |  | SOLE |  | 19511 | 0 | 6872 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 2342242 | 15306 | SH |  | SOLE |  | 197 | 0 | 15109 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 4211804 | 42837 | SH |  | SOLE |  | 537 | 0 | 42300 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 10099546 | 263558 | SH |  | SOLE |  | 3017 | 0 | 260540 |
| FIRSTENERGY CORP | COM | 337932107 |  | 947019 | 21153 | SH |  | SOLE |  | 15631 | 0 | 5522 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1070876 | 5489 | SH |  | SOLE |  | 5261 | 0 | 227 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1281124 | 73840 | SH |  | SOLE |  | 54513 | 0 | 19327 |
| INVESCO INDIA EXCHANGE-TRADE | INDIA ETF | 46137R109 |  | 3390141 | 139454 | SH |  | SOLE |  | 1239 | 0 | 138215 |
| INVESCO LTD | SHS | G491BT108 |  | 540846 | 20588 | SH |  | SOLE |  | 15228 | 0 | 5360 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1411848 | 21916 | SH |  | SOLE |  | 14921 | 0 | 6995 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 5747256 | 69394 | SH |  | SOLE |  | 49862 | 0 | 19531 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 10613625 | 88928 | SH |  | SOLE |  | 63813 | 0 | 25115 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 9842102 | 89270 | SH |  | SOLE |  | 64141 | 0 | 25129 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 231301 | 3962 | SH |  | SOLE |  | 3793 | 0 | 169 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1529247 | 10670 | SH |  | SOLE |  | 6454 | 0 | 4216 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 408 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 35294 | 228 | SH |  | SOLE |  | 0 | 0 | 228 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2599697 | 5409 | SH |  | SOLE |  | 63 | 0 | 5346 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 9741246 | 16147 | SH |  | SOLE |  | 14085 | 0 | 2061 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R606 |  | 4474551 | 189038 | SH |  | SOLE |  | 3549 | 0 | 185488 |
| STRYKER CORPORATION | COM | 863667101 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| TORTOISE CAPITAL SERIES TRUS | NORTH AMERN PIPE | 890930308 |  | 12942875 | 366717 | SH |  | SOLE |  | 249250 | 0 | 117466 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 1650696 | 25240 | SH |  | SOLE |  | 18299 | 0 | 6941 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2212 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 5674 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 20168388 | 375156 | SH |  | SOLE |  | 248350 | 0 | 126806 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 4291861 | 73077 | SH |  | SOLE |  | 1515 | 0 | 71561 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 419592 | 10301 | SH |  | SOLE |  | 7086 | 0 | 3215 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 3791045 | 74538 | SH |  | SOLE |  | 915 | 0 | 73623 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 1690877 | 16918 | SH |  | SOLE |  | 12282 | 0 | 4636 |
| HOME DEPOT INC | COM | 437076102 |  | 784203 | 2279 | SH |  | SOLE |  | 2164 | 0 | 115 |
| HP INC | COM | 40434L105 |  | 342243 | 15361 | SH |  | SOLE |  | 11325 | 0 | 4036 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1379449 | 4657 | SH |  | SOLE |  | 3444 | 0 | 1213 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 1133919 | 28787 | SH |  | SOLE |  | 21234 | 0 | 7553 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 302436 | 534 | SH |  | SOLE |  | 511 | 0 | 23 |
| INVESCO EXCH TRADED FD TR II | SHORT TERM TREAS | 46138G888 |  | 1248014 | 11812 | SH |  | SOLE |  | 8766 | 0 | 3046 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 15288119 | 158986 | SH |  | SOLE |  | 85400 | 0 | 73585 |
| ISHARES TR | CORE S ETF | 464287200 |  | 24482760 | 35744 | SH |  | SOLE |  | 19305 | 0 | 16439 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 7385918 | 95265 | SH |  | SOLE |  | 63125 | 0 | 32139 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 9840249 | 102470 | SH |  | SOLE |  | 96426 | 0 | 6044 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 3187 | 63 | SH |  | SOLE |  | 0 | 0 | 63 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2354981 | 11379 | SH |  | SOLE |  | 9903 | 0 | 1475 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 782711 | 27944 | SH |  | SOLE |  | 20682 | 0 | 7262 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1433461 | 8374 | SH |  | SOLE |  | 8039 | 0 | 335 |
| LOWES COS INC | COM | 548661107 |  | 1310832 | 5435 | SH |  | SOLE |  | 5212 | 0 | 223 |
| MARKEL GROUP INC | COM | 570535104 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3290483 | 31260 | SH |  | SOLE |  | 5728 | 0 | 25531 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 477305 | 3462 | SH |  | SOLE |  | 2557 | 0 | 905 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 672789 | 7585 | SH |  | SOLE |  | 5605 | 0 | 1980 |
| SALESFORCE INC | COM | 79466L302 |  | 1072083 | 4046 | SH |  | SOLE |  | 21 | 0 | 4025 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 3961 | 51 | SH |  | SOLE |  | 0 | 0 | 51 |
| SPDR INDEX SHS FDS | S INTL ETF | 78463X772 |  | 157744 | 3590 | SH |  | SOLE |  | 2751 | 0 | 839 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A300 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 399720 | 2304 | SH |  | SOLE |  | 1705 | 0 | 599 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1816144 | 36906 | SH |  | SOLE |  | 27269 | 0 | 9637 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2627495 | 21863 | SH |  | SOLE |  | 14507 | 0 | 7356 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 2287748 | 44981 | SH |  | SOLE |  | 774 | 0 | 44207 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 604455 | 1277 | SH |  | SOLE |  | 0 | 0 | 1277 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 439149 | 1784 | SH |  | SOLE |  | 1155 | 0 | 629 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 1805 | 114 | SH |  | SOLE |  | 0 | 0 | 114 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 478968 | 839 | SH |  | SOLE |  | 793 | 0 | 46 |
| MCDONALDS CORP | COM | 580135101 |  | 1421994 | 4652 | SH |  | SOLE |  | 2969 | 0 | 1683 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1238328 | 1876 | SH |  | SOLE |  | 1750 | 0 | 126 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2371787 | 8310 | SH |  | SOLE |  | 7966 | 0 | 344 |
| MICROSOFT CORP | COM | 594918104 |  | 6706331 | 13866 | SH |  | SOLE |  | 7188 | 0 | 6678 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 236508 | 617 | SH |  | SOLE |  | 573 | 0 | 44 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 14436 | 50 | SH |  | SOLE |  | 0 | 0 | 50 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1166592 | 7326 | SH |  | SOLE |  | 7046 | 0 | 280 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4835015 | 25925 | SH |  | SOLE |  | 21029 | 0 | 4896 |
| ONEOK INC NEW | COM | 682680103 |  | 1648825 | 22433 | SH |  | SOLE |  | 16597 | 0 | 5836 |
| ORACLE CORP | COM | 68389X105 |  | 481817 | 2472 | SH |  | SOLE |  | 2360 | 0 | 112 |
| PACKAGING CORP AMER | COM | 695156109 |  | 643025 | 3118 | SH |  | SOLE |  | 2301 | 0 | 817 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1618360 | 14337 | SH |  | SOLE |  | 10595 | 0 | 3742 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 6418349 | 242293 | SH |  | SOLE |  | 173913 | 0 | 68379 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 8363 | 70 | SH |  | SOLE |  | 0 | 0 | 70 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 733745 | 1076 | SH |  | SOLE |  | 1043 | 0 | 33 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPROTT FDS TR | LITHIUM MINERS | 85208P709 |  | 2815557 | 233658 | SH |  | SOLE |  | 158779 | 0 | 74878 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 932892 | 33473 | SH |  | SOLE |  | 24712 | 0 | 8761 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1556071 | 5364 | SH |  | SOLE |  | 5147 | 0 | 217 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 7716295 | 23947 | SH |  | SOLE |  | 7873 | 0 | 16074 |
| KEYCORP | COM | 493267108 |  | 1017531 | 49299 | SH |  | SOLE |  | 36398 | 0 | 12901 |
| KIRBY CORP | COM | 497266106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 986203 | 2039 | SH |  | SOLE |  | 1511 | 0 | 528 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 2139086 | 26490 | SH |  | SOLE |  | 22824 | 0 | 3665 |
| PFIZER INC | COM | 717081103 |  | 815450 | 32749 | SH |  | SOLE |  | 24168 | 0 | 8581 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 876475 | 8561 | SH |  | SOLE |  | 6317 | 0 | 2244 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1594276 | 19854 | SH |  | SOLE |  | 14660 | 0 | 5194 |
| RTX CORPORATION | COM | 75513E101 |  | 546898 | 2982 | SH |  | SOLE |  | 2860 | 0 | 122 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 16124 | 112 | SH |  | SOLE |  | 0 | 0 | 112 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 10347417 | 128988 | SH |  | SOLE |  | 102680 | 0 | 26308 |
| SSGA ACTIVE TR | STATE STREET DOU | 78470P309 |  | 2428032 | 56055 | SH |  | SOLE |  | 40231 | 0 | 15824 |
| TERADYNE INC | COM | 880770102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 47810 | 98 | SH |  | SOLE |  | 0 | 0 | 98 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 12218146 | 43770 | SH |  | SOLE |  | 28888 | 0 | 14881 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 19622268 | 110629 | SH |  | SOLE |  | 73166 | 0 | 37462 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 4250787 | 92730 | SH |  | SOLE |  | 63010 | 0 | 29720 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 53816040 | 861470 | SH |  | SOLE |  | 569934 | 0 | 291535 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 358726 | 3849 | SH |  | SOLE |  | 3689 | 0 | 160 |
| WISDOMTREE TR | US TOTAL DIVIDND | 97717W109 |  | 389075 | 4583 | SH |  | SOLE |  | 3507 | 0 | 1076 |
| UNION PAC CORP | COM | 907818108 |  | 1477146 | 6385 | SH |  | SOLE |  | 6123 | 0 | 262 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 25210 | 132 | SH |  | SOLE |  | 0 | 0 | 132 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 5848637 | 69834 | SH |  | SOLE |  | 1315 | 0 | 68519 |
| VIRTUS ETF TR II | KAR MID-CAP ETF | 92790A868 |  | 20698 | 849 | SH |  | SOLE |  | 0 | 0 | 849 |
| WALMART INC | COM | 931142103 |  | 6342654 | 56930 | SH |  | SOLE |  | 5255 | 0 | 51675 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 10295 | 139 | SH |  | SOLE |  | 0 | 0 | 139 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 3192 | 11 | SH |  | SOLE |  | 0 | 0 | 11 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 11288 | 18 | SH |  | SOLE |  | 0 | 0 | 18 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 15113125 | 71359 | SH |  | SOLE |  | 47145 | 0 | 24213 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 8958366 | 29652 | SH |  | SOLE |  | 19532 | 0 | 10120 |

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