# EDGAR Filing Document

**Accession Number:** 0001785498
**File Stem:** 0002085853-26-000218
**Filing Date:** 2026-2
**Character Count:** 26376
**Document Hash:** bfef1b127a07587ee9f2e9bee7ac69fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000218.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0002085853-26-000218

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Keudell/Morrison Wealth Management
- **CENTRAL INDEX KEY:** 0001785498

**ORGANIZATION NAME:**
- **EIN:** 454422907
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19582
- **FILM NUMBER:** 26608836

**BUSINESS ADDRESS:**
- **STREET 1:** 235 FRONT ST SE
- **STREET 2:** STE 300
- **CITY:** SALEM
- **STATE:** OR
- **ZIP:** 97301
- **BUSINESS PHONE:** 9712094500

**MAIL ADDRESS:**
- **STREET 1:** 235 FRONT ST SE
- **STREET 2:** STE 300
- **CITY:** SALEM
- **STATE:** OR
- **ZIP:** 97301

### 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:** Keudell/Morrison Wealth Management<br>**Address:** 235 Front St Se<br>Ste 300<br>Salem, OR 97301

**Form 13F File Number:** 028-19582

**CRD Number (if applicable):** 000292600

**SEC File Number (if applicable):** 801-112770

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:** Amanda Shine<br>**Title:** Chief Compliance Officer<br>**Phone:** 971-209-4500

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

/s/ Amanda Shine  Salem, OR  02-06-2026<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:** 232

**Form 13F Information Table Value Total:** $475919389

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 443485 | 3540 | SH |  | SOLE |  | 0 | 0 | 3540 |
| ABBVIE INC | COM | 00287Y109 |  | 4561349 | 19963 | SH |  | SOLE |  | 0 | 0 | 19963 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 584357 | 2178 | SH |  | SOLE |  | 0 | 0 | 2178 |
| ADOBE INC | COM | 00724F101 |  | 756328 | 2161 | SH |  | SOLE |  | 0 | 0 | 2161 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 606929 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| AIRBNB INC | COM CL A | 009066101 |  | 399153 | 2941 | SH |  | SOLE |  | 0 | 0 | 2941 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 9194806 | 29301 | SH |  | SOLE |  | 0 | 0 | 29301 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3885093 | 12412 | SH |  | SOLE |  | 0 | 0 | 12412 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 249300 | 5302 | SH |  | SOLE |  | 0 | 0 | 5302 |
| ALPS ETF TR | ALERIAN ENERGY | 00162Q676 |  | 220185 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| ALTIMMUNE INC | COM NEW | 02155H200 |  | 66785 | 18500 | SH |  | SOLE |  | 0 | 0 | 18500 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1748288 | 30321 | SH |  | SOLE |  | 0 | 0 | 30321 |
| AMAZON COM INC | COM | 023135106 |  | 7876040 | 34122 | SH |  | SOLE |  | 0 | 0 | 34122 |
| AMCOR PLC | ORD | G0250X107 |  | 383358 | 45966 | SH |  | SOLE |  | 0 | 0 | 45966 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 378909 | 3286 | SH |  | SOLE |  | 0 | 0 | 3286 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 631505 | 1707 | SH |  | SOLE |  | 0 | 0 | 1707 |
| AMGEN INC | COM | 031162100 |  | 1753121 | 5356 | SH |  | SOLE |  | 0 | 0 | 5356 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 248117 | 1836 | SH |  | SOLE |  | 0 | 0 | 1836 |
| APPLE INC | COM | 037833100 |  | 17827107 | 65575 | SH |  | SOLE |  | 0 | 0 | 65575 |
| APPLIED MATLS INC | COM | 038222105 |  | 201480 | 784 | SH |  | SOLE |  | 0 | 0 | 784 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 416421 | 618 | SH |  | SOLE |  | 0 | 0 | 618 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 425521 | 506 | SH |  | SOLE |  | 0 | 0 | 506 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1401517 | 1310 | SH |  | SOLE |  | 0 | 0 | 1310 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 440256 | 4789 | SH |  | SOLE |  | 0 | 0 | 4789 |
| AT INC | COM | 00206R102 |  | 1600435 | 64430 | SH |  | SOLE |  | 0 | 0 | 64430 |
| AUTODESK INC | COM | 052769106 |  | 201287 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |
| BANK AMERICA CORP | COM | 060505104 |  | 473935 | 8617 | SH |  | SOLE |  | 0 | 0 | 8617 |
| BANK MONTREAL QUE | COM | 063671101 |  | 347837 | 2680 | SH |  | SOLE |  | 0 | 0 | 2680 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1462712 | 2910 | SH |  | SOLE |  | 0 | 0 | 2910 |
| BLACKROCK MUNIASSETS FD INC | COM | 09254J102 |  | 368858 | 34441 | SH |  | SOLE |  | 0 | 0 | 34441 |
| BLOCK INC | CL A | 852234103 |  | 351161 | 5395 | SH |  | SOLE |  | 0 | 0 | 5395 |
| BOEING CO | COM | 097023105 |  | 786192 | 3621 | SH |  | SOLE |  | 0 | 0 | 3621 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 240990 | 45 | SH |  | SOLE |  | 0 | 0 | 45 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1246502 | 23109 | SH |  | SOLE |  | 0 | 0 | 23109 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 674235 | 11908 | SH |  | SOLE |  | 0 | 0 | 11908 |
| BROADCOM INC | COM | 11135F101 |  | 1550874 | 4481 | SH |  | SOLE |  | 0 | 0 | 4481 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 344463 | 1102 | SH |  | SOLE |  | 0 | 0 | 1102 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 575645 | 6353 | SH |  | SOLE |  | 0 | 0 | 6353 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL HIGH I | 14020Y805 |  | 5603270 | 219909 | SH |  | SOLE |  | 0 | 0 | 219909 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 321612 | 1327 | SH |  | SOLE |  | 0 | 0 | 1327 |
| CATERPILLAR INC | COM | 149123101 |  | 3427421 | 5983 | SH |  | SOLE |  | 0 | 0 | 5983 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2695703 | 17687 | SH |  | SOLE |  | 0 | 0 | 17687 |
| CISCO SYS INC | COM | 17275R102 |  | 1155841 | 15005 | SH |  | SOLE |  | 0 | 0 | 15005 |
| CITIGROUP INC | COM NEW | 172967424 |  | 475662 | 4076 | SH |  | SOLE |  | 0 | 0 | 4076 |
| CME GROUP INC | COM | 12572Q105 |  | 255603 | 936 | SH |  | SOLE |  | 0 | 0 | 936 |
| COCA COLA CO | COM | 191216100 |  | 719234 | 10288 | SH |  | SOLE |  | 0 | 0 | 10288 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 208032 | 7443 | SH |  | SOLE |  | 0 | 0 | 7443 |
| COLUMBIA ETF TR I | US EQUITY INCOME | 19761L854 |  | 253549 | 5339 | SH |  | SOLE |  | 0 | 0 | 5339 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 463026 | 15491 | SH |  | SOLE |  | 0 | 0 | 15491 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 205956 | 583 | SH |  | SOLE |  | 0 | 0 | 583 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1515419 | 1757 | SH |  | SOLE |  | 0 | 0 | 1757 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 810486 | 1729 | SH |  | SOLE |  | 0 | 0 | 1729 |
| CVS HEALTH CORP | COM | 126650100 |  | 223636 | 2818 | SH |  | SOLE |  | 0 | 0 | 2818 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 274128 | 3178 | SH |  | SOLE |  | 0 | 0 | 3178 |
| DIMENSIONAL ETF TRUST | EMERGING MRKTETS | 25434V534 |  | 13072587 | 216004 | SH |  | SOLE |  | 0 | 0 | 216004 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 17899630 | 452125 | SH |  | SOLE |  | 0 | 0 | 452125 |
| DISNEY WALT CO | COM | 254687106 |  | 439853 | 3866 | SH |  | SOLE |  | 0 | 0 | 3866 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 745482 | 6360 | SH |  | SOLE |  | 0 | 0 | 6360 |
| DUTCH BROS INC | CL A | 26701L100 |  | 548470 | 8959 | SH |  | SOLE |  | 0 | 0 | 8959 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1764341 | 5033 | SH |  | SOLE |  | 0 | 0 | 5033 |
| ELI LILLY  CO | COM | 532457108 |  | 5533540 | 5149 | SH |  | SOLE |  | 0 | 0 | 5149 |
| ENBRIDGE INC | COM | 29250N105 |  | 1029713 | 21529 | SH |  | SOLE |  | 0 | 0 | 21529 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 450382 | 14048 | SH |  | SOLE |  | 0 | 0 | 14048 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4609200 | 38301 | SH |  | SOLE |  | 0 | 0 | 38301 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 642375 | 18750 | SH |  | SOLE |  | 0 | 0 | 18750 |
| FIRSTENERGY CORP | COM | 337932107 |  | 365502 | 8164 | SH |  | SOLE |  | 0 | 0 | 8164 |
| FLOWSERVE CORP | COM | 34354P105 |  | 300970 | 4338 | SH |  | SOLE |  | 0 | 0 | 4338 |
| FORD MTR CO | COM | 345370860 |  | 166742 | 12709 | SH |  | SOLE |  | 0 | 0 | 12709 |
| FRANKLIN TEMPLETON ETF TR | SENIOR LOAN ETF | 35473P595 |  | 589435 | 25168 | SH |  | SOLE |  | 0 | 0 | 25168 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 553713 | 10902 | SH |  | SOLE |  | 0 | 0 | 10902 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1966540 | 16022 | SH |  | SOLE |  | 0 | 0 | 16022 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 440119 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 361269 | 411 | SH |  | SOLE |  | 0 | 0 | 411 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 472942 | 9644 | SH |  | SOLE |  | 0 | 0 | 9644 |
| HOME DEPOT INC | COM | 437076102 |  | 3175011 | 9227 | SH |  | SOLE |  | 0 | 0 | 9227 |
| HONEYWELL INTL INC | COM | 438516106 |  | 516793 | 2649 | SH |  | SOLE |  | 0 | 0 | 2649 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 211686 | 12201 | SH |  | SOLE |  | 0 | 0 | 12201 |
| IDEXX LABS INC | COM | 45168D104 |  | 265200 | 392 | SH |  | SOLE |  | 0 | 0 | 392 |
| INTEL CORP | COM | 458140100 |  | 907260 | 24587 | SH |  | SOLE |  | 0 | 0 | 24587 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 227230 | 1403 | SH |  | SOLE |  | 0 | 0 | 1403 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1345573 | 4543 | SH |  | SOLE |  | 0 | 0 | 4543 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 292808 | 517 | SH |  | SOLE |  | 0 | 0 | 517 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 878111 | 4584 | SH |  | SOLE |  | 0 | 0 | 4584 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3846809 | 6262 | SH |  | SOLE |  | 0 | 0 | 6262 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 668874 | 9203 | SH |  | SOLE |  | 0 | 0 | 9203 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 229657 | 3565 | SH |  | SOLE |  | 0 | 0 | 3565 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 313116 | 1272 | SH |  | SOLE |  | 0 | 0 | 1272 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1127200 | 11738 | SH |  | SOLE |  | 0 | 0 | 11738 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1192492 | 8449 | SH |  | SOLE |  | 0 | 0 | 8449 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 266462 | 2767 | SH |  | SOLE |  | 0 | 0 | 2767 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 1097911 | 3399 | SH |  | SOLE |  | 0 | 0 | 3399 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 347902 | 1654 | SH |  | SOLE |  | 0 | 0 | 1654 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 569860 | 6370 | SH |  | SOLE |  | 0 | 0 | 6370 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 478506 | 1011 | SH |  | SOLE |  | 0 | 0 | 1011 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 1799644 | 25924 | SH |  | SOLE |  | 0 | 0 | 25924 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 543630 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1390866 | 27304 | SH |  | SOLE |  | 0 | 0 | 27304 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 8715145 | 172577 | SH |  | SOLE |  | 0 | 0 | 172577 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 231030 | 1359 | SH |  | SOLE |  | 0 | 0 | 1359 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1804988 | 8722 | SH |  | SOLE |  | 0 | 0 | 8722 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 317457 | 2651 | SH |  | SOLE |  | 0 | 0 | 2651 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2862658 | 8884 | SH |  | SOLE |  | 0 | 0 | 8884 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 289747 | 2872 | SH |  | SOLE |  | 0 | 0 | 2872 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 528996 | 19243 | SH |  | SOLE |  | 0 | 0 | 19243 |
| KLA CORP | COM NEW | 482480100 |  | 233295 | 192 | SH |  | SOLE |  | 0 | 0 | 192 |
| KROGER CO | COM | 501044101 |  | 290236 | 4645 | SH |  | SOLE |  | 0 | 0 | 4645 |
| KYMERA THERAPEUTICS INC | COM | 501575104 |  | 513546 | 6600 | SH |  | SOLE |  | 0 | 0 | 6600 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1350422 | 4600 | SH |  | SOLE |  | 0 | 0 | 4600 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 3552499 | 20753 | SH |  | SOLE |  | 0 | 0 | 20753 |
| LEGG MASON ETF INVT | FRANKLIN INTL LW | 52468L505 |  | 8873609 | 241000 | SH |  | SOLE |  | 0 | 0 | 241000 |
| LENNOX INTL INC | COM | 526107107 |  | 251530 | 518 | SH |  | SOLE |  | 0 | 0 | 518 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 828588 | 1713 | SH |  | SOLE |  | 0 | 0 | 1713 |
| LTC PPTYS INC | COM | 502175102 |  | 1364502 | 39689 | SH |  | SOLE |  | 0 | 0 | 39689 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 248536 | 6851 | SH |  | SOLE |  | 0 | 0 | 6851 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 918000 | 2959 | SH |  | SOLE |  | 0 | 0 | 2959 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 650836 | 1140 | SH |  | SOLE |  | 0 | 0 | 1140 |
| MCKESSON CORP | COM | 58155Q103 |  | 297771 | 363 | SH |  | SOLE |  | 0 | 0 | 363 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 218633 | 2276 | SH |  | SOLE |  | 0 | 0 | 2276 |
| MERCK  CO INC | COM | 58933Y105 |  | 1332307 | 12657 | SH |  | SOLE |  | 0 | 0 | 12657 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2074008 | 3142 | SH |  | SOLE |  | 0 | 0 | 3142 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 315674 | 1106 | SH |  | SOLE |  | 0 | 0 | 1106 |
| MICROSOFT CORP | COM | 594918104 |  | 9569343 | 19787 | SH |  | SOLE |  | 0 | 0 | 19787 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 346905 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 700018 | 9050 | SH |  | SOLE |  | 0 | 0 | 9050 |
| NETFLIX INC | COM | 64110L106 |  | 878437 | 9369 | SH |  | SOLE |  | 0 | 0 | 9369 |
| NEW YORK LIFE INVTS ACTIVE E | NYLI MACKAY CORE | 45409F785 |  | 533298 | 25120 | SH |  | SOLE |  | 0 | 0 | 25120 |
| NIKE INC | CL B | 654106103 |  | 1931161 | 30312 | SH |  | SOLE |  | 0 | 0 | 30312 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 207590 | 719 | SH |  | SOLE |  | 0 | 0 | 719 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 |  | 219818 | 4703 | SH |  | SOLE |  | 0 | 0 | 4703 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 276843 | 2008 | SH |  | SOLE |  | 0 | 0 | 2008 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 414621 | 8149 | SH |  | SOLE |  | 0 | 0 | 8149 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3940372 | 21128 | SH |  | SOLE |  | 0 | 0 | 21128 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 386423 | 8715 | SH |  | SOLE |  | 0 | 0 | 8715 |
| ONEOK INC NEW | COM | 682680103 |  | 831033 | 11307 | SH |  | SOLE |  | 0 | 0 | 11307 |
| ORACLE CORP | COM | 68389X105 |  | 1804344 | 9257 | SH |  | SOLE |  | 0 | 0 | 9257 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1046770 | 5889 | SH |  | SOLE |  | 0 | 0 | 5889 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 451474 | 2451 | SH |  | SOLE |  | 0 | 0 | 2451 |
| PAYCHEX INC | COM | 704326107 |  | 222565 | 1984 | SH |  | SOLE |  | 0 | 0 | 1984 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 256114 | 1607 | SH |  | SOLE |  | 0 | 0 | 1607 |
| PEPSICO INC | COM | 713448108 |  | 673638 | 4694 | SH |  | SOLE |  | 0 | 0 | 4694 |
| PFIZER INC | COM | 717081103 |  | 488737 | 19628 | SH |  | SOLE |  | 0 | 0 | 19628 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2957718 | 18440 | SH |  | SOLE |  | 0 | 0 | 18440 |
| PIMCO INCOME STRATEGY FD II | COM | 72201J104 |  | 702677 | 93690 | SH |  | SOLE |  | 0 | 0 | 93690 |
| PIMCO STRATEGIC INCOME FD | COM | 72200X104 |  | 55700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 565658 | 2710 | SH |  | SOLE |  | 0 | 0 | 2710 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 608397 | 12678 | SH |  | SOLE |  | 0 | 0 | 12678 |
| PPL CORP | COM | 69351T106 |  | 394290 | 11259 | SH |  | SOLE |  | 0 | 0 | 11259 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 890385 | 6213 | SH |  | SOLE |  | 0 | 0 | 6213 |
| PROLOGIS INC. | COM | 74340W103 |  | 391533 | 3067 | SH |  | SOLE |  | 0 | 0 | 3067 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 291416 | 33925 | SH |  | SOLE |  | 0 | 0 | 33925 |
| PUTNAM MANAGED MUN INCOME TR | COM | 746823103 |  | 373692 | 59600 | SH |  | SOLE |  | 0 | 0 | 59600 |
| QUALCOMM INC | COM | 747525103 |  | 2430158 | 14207 | SH |  | SOLE |  | 0 | 0 | 14207 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 381072 | 2196 | SH |  | SOLE |  | 0 | 0 | 2196 |
| REALTY INCOME CORP | COM | 756109104 |  | 1036887 | 18394 | SH |  | SOLE |  | 0 | 0 | 18394 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 458513 | 594 | SH |  | SOLE |  | 0 | 0 | 594 |
| RTX CORPORATION | COM | 75513E101 |  | 3156105 | 17209 | SH |  | SOLE |  | 0 | 0 | 17209 |
| SALESFORCE INC | COM | 79466L302 |  | 1736485 | 6555 | SH |  | SOLE |  | 0 | 0 | 6555 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 596437 | 12308 | SH |  | SOLE |  | 0 | 0 | 12308 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 230543 | 2308 | SH |  | SOLE |  | 0 | 0 | 2308 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 43773287 | 1595818 | SH |  | SOLE |  | 0 | 0 | 1595818 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 19601941 | 433575 | SH |  | SOLE |  | 0 | 0 | 433575 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 5963752 | 182825 | SH |  | SOLE |  | 0 | 0 | 182825 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 4347318 | 30196 | SH |  | SOLE |  | 0 | 0 | 30196 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 439187 | 2837 | SH |  | SOLE |  | 0 | 0 | 2837 |
| SERVICENOW INC | COM | 81762P102 |  | 545356 | 3560 | SH |  | SOLE |  | 0 | 0 | 3560 |
| SHELL PLC | SPON ADS | 780259305 |  | 263352 | 3584 | SH |  | SOLE |  | 0 | 0 | 3584 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 576273 | 3580 | SH |  | SOLE |  | 0 | 0 | 3580 |
| SIMPLIFY EXCHANGE TRADED FUN | HEDGED EQUITY | 82889N764 |  | 16574271 | 517138 | SH |  | SOLE |  | 0 | 0 | 517138 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 232461 | 3666 | SH |  | SOLE |  | 0 | 0 | 3666 |
| SOUTHERN CO | COM | 842587107 |  | 684433 | 7849 | SH |  | SOLE |  | 0 | 0 | 7849 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 840970 | 2122 | SH |  | SOLE |  | 0 | 0 | 2122 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 799486 | 1172 | SH |  | SOLE |  | 0 | 0 | 1172 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 396958 | 658 | SH |  | SOLE |  | 0 | 0 | 658 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 289590 | 2795 | SH |  | SOLE |  | 0 | 0 | 2795 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 399810 | 8532 | SH |  | SOLE |  | 0 | 0 | 8532 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 3171764 | 29726 | SH |  | SOLE |  | 0 | 0 | 29726 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R788 |  | 215169 | 4975 | SH |  | SOLE |  | 0 | 0 | 4975 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A821 |  | 293096 | 3171 | SH |  | SOLE |  | 0 | 0 | 3171 |
| STARBUCKS CORP | COM | 855244109 |  | 1057565 | 12559 | SH |  | SOLE |  | 0 | 0 | 12559 |
| STRYKER CORPORATION | COM | 863667101 |  | 2145724 | 6105 | SH |  | SOLE |  | 0 | 0 | 6105 |
| SUMMIT HOTEL PPTYS | NOTE 1.500% 2/1 | 866082AA8 |  | 79009 | 80000 | PRN |  | SOLE |  | 0 | 0 | 80000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 384421 | 1265 | SH |  | SOLE |  | 0 | 0 | 1265 |
| TC ENERGY CORP | COM | 87807B107 |  | 489754 | 8903 | SH |  | SOLE |  | 0 | 0 | 8903 |
| TCW ETF TRUST | FLEXIBLE INCOME | 29287L700 |  | 46925527 | 1184988 | SH |  | SOLE |  | 0 | 0 | 1184988 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 260726 | 1146 | SH |  | SOLE |  | 0 | 0 | 1146 |
| TESLA INC | COM | 88160R101 |  | 480301 | 1068 | SH |  | SOLE |  | 0 | 0 | 1068 |
| TEXAS INSTRS INC | COM | 882508104 |  | 804820 | 4639 | SH |  | SOLE |  | 0 | 0 | 4639 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 258451 | 446 | SH |  | SOLE |  | 0 | 0 | 446 |
| TJX COS INC NEW | COM | 872540109 |  | 332905 | 2167 | SH |  | SOLE |  | 0 | 0 | 2167 |
| TORTOISE CAPITAL SERIES TRUS | NORTH AMERN PIPE | 890930308 |  | 10911349 | 309157 | SH |  | SOLE |  | 0 | 0 | 309157 |
| TOTALENERGIES SE | ACT | F92124100 |  | 920757 | 14075 | SH |  | SOLE |  | 0 | 0 | 14075 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 41300 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 529623 | 10763 | SH |  | SOLE |  | 0 | 0 | 10763 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 438834 | 6710 | SH |  | SOLE |  | 0 | 0 | 6710 |
| UNION PAC CORP | COM | 907818108 |  | 619653 | 2679 | SH |  | SOLE |  | 0 | 0 | 2679 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 534268 | 5386 | SH |  | SOLE |  | 0 | 0 | 5386 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 796225 | 2412 | SH |  | SOLE |  | 0 | 0 | 2412 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2856194 | 53527 | SH |  | SOLE |  | 0 | 0 | 53527 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 639765 | 3930 | SH |  | SOLE |  | 0 | 0 | 3930 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1184828 | 3290 | SH |  | SOLE |  | 0 | 0 | 3290 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 |  | 1249097 | 49023 | SH |  | SOLE |  | 0 | 0 | 49023 |
| VANECK ETF TRUST | SHRT HGH YLD MUN | 92189F387 |  | 447098 | 19515 | SH |  | SOLE |  | 0 | 0 | 19515 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 738542 | 9483 | SH |  | SOLE |  | 0 | 0 | 9483 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 498400 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 553612 | 7963 | SH |  | SOLE |  | 0 | 0 | 7963 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 632325 | 8023 | SH |  | SOLE |  | 0 | 0 | 8023 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 8856938 | 100090 | SH |  | SOLE |  | 0 | 0 | 100090 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 806433 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1105843 | 20570 | SH |  | SOLE |  | 0 | 0 | 20570 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 243127 | 2443 | SH |  | SOLE |  | 0 | 0 | 2443 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1868813 | 8503 | SH |  | SOLE |  | 0 | 0 | 8503 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 984826 | 10769 | SH |  | SOLE |  | 0 | 0 | 10769 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 738886 | 8210 | SH |  | SOLE |  | 0 | 0 | 8210 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 10693877 | 74511 | SH |  | SOLE |  | 0 | 0 | 74511 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 19791656 | 293514 | SH |  | SOLE |  | 0 | 0 | 293514 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 243130 | 2010 | SH |  | SOLE |  | 0 | 0 | 2010 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 584180 | 775 | SH |  | SOLE |  | 0 | 0 | 775 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 4477439 | 35558 | SH |  | SOLE |  | 0 | 0 | 35558 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 206480 | 2883 | SH |  | SOLE |  | 0 | 0 | 2883 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2170688 | 53295 | SH |  | SOLE |  | 0 | 0 | 53295 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 277456 | 612 | SH |  | SOLE |  | 0 | 0 | 612 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 209321 | 5950 | SH |  | SOLE |  | 0 | 0 | 5950 |
| VISA INC | COM CL A | 92826C839 |  | 3998070 | 11400 | SH |  | SOLE |  | 0 | 0 | 11400 |
| VULCAN MATLS CO | COM | 929160109 |  | 207640 | 728 | SH |  | SOLE |  | 0 | 0 | 728 |
| WALMART INC | COM | 931142103 |  | 1122164 | 10072 | SH |  | SOLE |  | 0 | 0 | 10072 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1046356 | 11227 | SH |  | SOLE |  | 0 | 0 | 11227 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 245987 | 10384 | SH |  | SOLE |  | 0 | 0 | 10384 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 891391 | 10442 | SH |  | SOLE |  | 0 | 0 | 10442 |
| WP CAREY INC | COM | 92936U109 |  | 267067 | 4150 | SH |  | SOLE |  | 0 | 0 | 4150 |
| WW GRAINGER INC | COM | 384802104 |  | 293634 | 291 | SH |  | SOLE |  | 0 | 0 | 291 |
| XCEL ENERGY INC | COM | 98389B100 |  | 376612 | 5099 | SH |  | SOLE |  | 0 | 0 | 5099 |
| XYLEM INC | COM | 98419M100 |  | 312125 | 2292 | SH |  | SOLE |  | 0 | 0 | 2292 |

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