# EDGAR Filing Document

**Accession Number:** 0001731927
**File Stem:** 0001731927-26-000001
**Filing Date:** 2026-1
**Character Count:** 21340
**Document Hash:** 037194a6f16ca4773a99e44337ac2fe3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731927-26-000001.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001731927-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**EFFECTIVENESS DATE**: 20260108

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elmwood Wealth Management, Inc.
- **CENTRAL INDEX KEY:** 0001731927

**ORGANIZATION NAME:**
- **EIN:** 460994457
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18747
- **FILM NUMBER:** 26518589

**BUSINESS ADDRESS:**
- **STREET 1:** 2027 FOURTH STREET, SUITE 203
- **CITY:** BERKELEY
- **STATE:** CA
- **ZIP:** 94710
- **BUSINESS PHONE:** 510-858-2722

**MAIL ADDRESS:**
- **STREET 1:** 2027 FOURTH STREET, SUITE 203
- **CITY:** BERKELEY
- **STATE:** CA
- **ZIP:** 94710

### 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:** Elmwood Wealth Management Inc.<br>**Address:** 2027 FOURTH STREET SUITE 203<br>BERKELEY, CA 94710

**Form 13F File Number:** 028-18747

**CRD Number (if applicable):** 000165639

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:** Son Nguyen<br>**Title:** compliance officer<br>**Phone:** 510-817-2208

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

Son Nguyen  Berkeley, CA  01-08-2026<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:** 174

**Form 13F Information Table Value Total:** $316591995

      (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 |
| AMPLIFY ETF TR | CWP INTL ENHANCE | 032108722 |  | 6495839 | 169383 | SH |  | SOLE |  | 169383 | 0 | 0 |
| AMPLIFY ETF TR | NAT RES DIVIDEND | 032108730 |  | 725602 | 26914 | SH |  | SOLE |  | 26914 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9199881 | 33841 | SH |  | SOLE |  | 33841 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES SHORT-TE | 092528884 |  | 8288459 | 164258 | SH |  | SOLE |  | 164258 | 0 | 0 |
| DIMENSIONAL ETF TRUST | CALIF MUN BD ETF | 25434V633 |  | 4114790 | 82164 | SH |  | SOLE |  | 82164 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 1169756 | 23442 | SH |  | SOLE |  | 23442 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 5722519 | 58203 | SH |  | SOLE |  | 58203 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 1042581 | 25050 | SH |  | SOLE |  | 25050 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 3356277 | 78162 | SH |  | SOLE |  | 78162 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 3349491 | 25304 | SH |  | SOLE |  | 25304 | 0 | 0 |
| GOLDMAN SACHS ETF TR | S 500 PREMIUM | 38149W622 |  | 4114335 | 77923 | SH |  | SOLE |  | 77923 | 0 | 0 |
| INNOVATOR ETFS TRUST | EMERGING MKT PWR | 45782C623 |  | 1229369 | 38829 | SH |  | SOLE |  | 38829 | 0 | 0 |
| INNOVATOR ETFS TRUST | EQUITY DUAL NOV | 45784N452 |  | 2825563 | 147395 | SH |  | SOLE |  | 147395 | 0 | 0 |
| INNOVATOR ETFS TRUST | INNOVATOR DEEPW | 45782C862 |  | 6997705 | 91581 | SH |  | SOLE |  | 91581 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQT PWR BUF | 45782C870 |  | 4891878 | 125048 | SH |  | SOLE |  | 125048 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 2758546 | 59413 | SH |  | SOLE |  | 59413 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 3142652 | 71554 | SH |  | SOLE |  | 71554 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 4059942 | 86345 | SH |  | SOLE |  | 86345 | 0 | 0 |
| INTELLIA THERAPEUTICS INC | COM | 45826J105 |  | 700537 | 77924 | SH |  | SOLE |  | 77924 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | CALIF AMT MUN | 46138E206 |  | 3108788 | 128675 | SH |  | SOLE |  | 128675 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 |  | 3350363 | 137705 | SH |  | SOLE |  | 137705 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1064525 | 23391 | SH |  | SOLE |  | 23391 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 4090270 | 60849 | SH |  | SOLE |  | 60849 | 0 | 0 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 |  | 2461344 | 23811 | SH |  | SOLE |  | 23811 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 3909579 | 68040 | SH |  | SOLE |  | 68040 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 6304068 | 70468 | SH |  | SOLE |  | 70468 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 2406299 | 31037 | SH |  | SOLE |  | 31037 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 3443665 | 67709 | SH |  | SOLE |  | 67709 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 6717619 | 62958 | SH |  | SOLE |  | 62958 | 0 | 0 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 8613472 | 170699 | SH |  | SOLE |  | 170699 | 0 | 0 |
| ISHARES U S ETF TR | SHORT MATURITY M | 46431W838 |  | 4493073 | 89290 | SH |  | SOLE |  | 89290 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | INTL BD OPP ETF | 46641Q852 |  | 3886845 | 79812 | SH |  | SOLE |  | 79812 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 7275446 | 143812 | SH |  | SOLE |  | 143812 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 7861673 | 154332 | SH |  | SOLE |  | 154332 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1306935 | 20511 | SH |  | SOLE |  | 20511 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6565882 | 35206 | SH |  | SOLE |  | 35206 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 3790342 | 83249 | SH |  | SOLE |  | 83249 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 926060 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1002514 | 36548 | SH |  | SOLE |  | 36548 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 4695606 | 174493 | SH |  | SOLE |  | 174493 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1422932 | 49962 | SH |  | SOLE |  | 49962 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R739 |  | 1848034 | 38509 | SH |  | SOLE |  | 38509 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 6344326 | 157623 | SH |  | SOLE |  | 157623 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET ULT | 78467V707 |  | 1993454 | 49215 | SH |  | SOLE |  | 49215 | 0 | 0 |
| VANECK ETF TRUST | LONG MUNI ETF | 92189F536 |  | 847361 | 48335 | SH |  | SOLE |  | 48335 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 3086199 | 63870 | SH |  | SOLE |  | 63870 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2660230 | 49483 | SH |  | SOLE |  | 49483 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 3287961 | 65380 | SH |  | SOLE |  | 65380 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 5179869 | 88198 | SH |  | SOLE |  | 88198 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 9411876 | 150662 | SH |  | SOLE |  | 150662 | 0 | 0 |
| WISDOMTREE TR | EM LCL DEBT FD | 97717X867 |  | 3528470 | 120838 | SH |  | SOLE |  | 120838 | 0 | 0 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 4710607 | 93613 | SH |  | SOLE |  | 93613 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1988056 | 15868 | SH |  | SOLE |  | 15868 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 608926 | 2665 | SH |  | SOLE |  | 2665 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 648510 | 2417 | SH |  | SOLE |  | 2417 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4799719 | 15335 | SH |  | SOLE |  | 15335 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5424558 | 17287 | SH |  | SOLE |  | 17287 | 0 | 0 |
| ALPS ETF TR | OSHARES US QUALT | 00162Q387 |  | 375529 | 6508 | SH |  | SOLE |  | 6508 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 268408 | 4655 | SH |  | SOLE |  | 4655 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4419352 | 19146 | SH |  | SOLE |  | 19146 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 303359 | 820 | SH |  | SOLE |  | 820 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 432812 | 2465 | SH |  | SOLE |  | 2465 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 216673 | 797 | SH |  | SOLE |  | 797 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 269837 | 4906 | SH |  | SOLE |  | 4906 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4253603 | 8462 | SH |  | SOLE |  | 8462 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 628820 | 4080 | SH |  | SOLE |  | 4080 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 257618 | 4776 | SH |  | SOLE |  | 4776 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 380018 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1457184 | 4314 | SH |  | SOLE |  | 4314 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 538984 | 3536 | SH |  | SOLE |  | 3536 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 798744 | 6845 | SH |  | SOLE |  | 6845 | 0 | 0 |
| CODEXIS INC | COM | 192005106 |  | 35363 | 21695 | SH |  | SOLE |  | 21695 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2893365 | 3355 | SH |  | SOLE |  | 3355 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 1420487 | 6205 | SH |  | SOLE |  | 6205 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 489419 | 3163 | SH |  | SOLE |  | 3163 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1434977 | 12613 | SH |  | SOLE |  | 12613 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1021726 | 17439 | SH |  | SOLE |  | 17439 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 301615 | 2573 | SH |  | SOLE |  | 2573 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 766265 | 2406 | SH |  | SOLE |  | 2406 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1119597 | 4265 | SH |  | SOLE |  | 4265 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 876964 | 816 | SH |  | SOLE |  | 816 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI COMMNTN SVC | 316092873 |  | 277512 | 3787 | SH |  | SOLE |  | 3787 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 659409 | 6809 | SH |  | SOLE |  | 6809 | 0 | 0 |
| GERON CORP | COM | 374163103 |  | 37224 | 28200 | SH |  | SOLE |  | 28200 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 428238 | 8485 | SH |  | SOLE |  | 8485 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 905015 | 4639 | SH |  | SOLE |  | 4639 | 0 | 0 |
| INNOVATOR ETFS TRUST | DEFINED WLT SHLD | 45783Y855 |  | 224517 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| INNOVATOR ETFS TRUST | EQUITY 1YR JANUA | 45784N817 |  | 213408 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| INNOVATOR ETFS TRUST | EQUITY DUAL DIRE | 45784N460 |  | 201886 | 10532 | SH |  | SOLE |  | 10532 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQT ULTRA BF | 45782C300 |  | 216300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BF | 45782C680 |  | 315725 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C748 |  | 291066 | 6950 | SH |  | SOLE |  | 6950 | 0 | 0 |
| INNOVATOR ETFS TRUST | US SML CP PWR B | 45782C599 |  | 284512 | 8450 | SH |  | SOLE |  | 8450 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 323462 | 1092 | SH |  | SOLE |  | 1092 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1640138 | 2476 | SH |  | SOLE |  | 2476 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | GLOBAL WATER | 46138E651 |  | 865960 | 19613 | SH |  | SOLE |  | 19613 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 395830 | 8436 | SH |  | SOLE |  | 8436 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL HLT | 46137V332 |  | 386201 | 12126 | SH |  | SOLE |  | 12126 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1196293 | 6245 | SH |  | SOLE |  | 6245 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 592810 | 965 | SH |  | SOLE |  | 965 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 238237 | 2877 | SH |  | SOLE |  | 2877 | 0 | 0 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 267250 | 2074 | SH |  | SOLE |  | 2074 | 0 | 0 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 306441 | 5322 | SH |  | SOLE |  | 5322 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1316706 | 9306 | SH |  | SOLE |  | 9306 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 633285 | 2530 | SH |  | SOLE |  | 2530 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1308349 | 12215 | SH |  | SOLE |  | 12215 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 948003 | 4507 | SH |  | SOLE |  | 4507 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 277915 | 1129 | SH |  | SOLE |  | 1129 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1196550 | 5782 | SH |  | SOLE |  | 5782 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3231487 | 10029 | SH |  | SOLE |  | 10029 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1088444 | 5867 | SH |  | SOLE |  | 5867 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3264510 | 5718 | SH |  | SOLE |  | 5718 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 696722 | 10229 | SH |  | SOLE |  | 10229 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 203244 | 665 | SH |  | SOLE |  | 665 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 434409 | 4127 | SH |  | SOLE |  | 4127 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 359089 | 544 | SH |  | SOLE |  | 544 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3776863 | 7810 | SH |  | SOLE |  | 7810 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 217146 | 449 | SH |  | SOLE |  | 449 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 664180 | 10425 | SH |  | SOLE |  | 10425 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 326254 | 1130 | SH |  | SOLE |  | 1130 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 460486 | 3340 | SH |  | SOLE |  | 3340 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 258116 | 1384 | SH |  | SOLE |  | 1384 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 271069 | 1525 | SH |  | SOLE |  | 1525 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 712254 | 3867 | SH |  | SOLE |  | 3867 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1330606 | 9271 | SH |  | SOLE |  | 9271 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 326439 | 13110 | SH |  | SOLE |  | 13110 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 443137 | 8936 | SH |  | SOLE |  | 8936 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 564356 | 3518 | SH |  | SOLE |  | 3518 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1194774 | 8337 | SH |  | SOLE |  | 8337 | 0 | 0 |
| PROSHARES TR | LARGE CAP CRE | 74347R248 |  | 1106031 | 13881 | SH |  | SOLE |  | 13881 | 0 | 0 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 514513 | 10315 | SH |  | SOLE |  | 10315 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1779946 | 4575 | SH |  | SOLE |  | 4575 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 367167 | 2002 | SH |  | SOLE |  | 2002 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2010531 | 7589 | SH |  | SOLE |  | 7589 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1634978 | 16364 | SH |  | SOLE |  | 16364 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 344178 | 11446 | SH |  | SOLE |  | 11446 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 213983 | 1792 | SH |  | SOLE |  | 1792 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 215899 | 4829 | SH |  | SOLE |  | 4829 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 904089 | 16507 | SH |  | SOLE |  | 16507 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 600587 | 3880 | SH |  | SOLE |  | 3880 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1181479 | 7617 | SH |  | SOLE |  | 7617 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 1046761 | 7271 | SH |  | SOLE |  | 7271 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 348800 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 406796 | 9160 | SH |  | SOLE |  | 9160 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2871657 | 4211 | SH |  | SOLE |  | 4211 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 1417304 | 15510 | SH |  | SOLE |  | 15510 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 401030 | 4762 | SH |  | SOLE |  | 4762 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 808652 | 2661 | SH |  | SOLE |  | 2661 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 963750 | 2143 | SH |  | SOLE |  | 2143 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 252937 | 919 | SH |  | SOLE |  | 919 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 327969 | 566 | SH |  | SOLE |  | 566 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1568554 | 5408 | SH |  | SOLE |  | 5408 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1286038 | 5560 | SH |  | SOLE |  | 5560 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 369050 | 456 | SH |  | SOLE |  | 456 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1868955 | 5662 | SH |  | SOLE |  | 5662 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 286137 | 2763 | SH |  | SOLE |  | 2763 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 385579 | 4893 | SH |  | SOLE |  | 4893 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 412157 | 657 | SH |  | SOLE |  | 657 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 322610 | 1251 | SH |  | SOLE |  | 1251 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 859459 | 2563 | SH |  | SOLE |  | 2563 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 758804 | 3973 | SH |  | SOLE |  | 3973 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 355794 | 4837 | SH |  | SOLE |  | 4837 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 581842 | 6959 | SH |  | SOLE |  | 6959 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 204819 | 1429 | SH |  | SOLE |  | 1429 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 548865 | 3891 | SH |  | SOLE |  | 3891 | 0 | 0 |
| VANGUARD MUN BD FDS | SHORT TAX EXEMPT | 922907696 |  | 204081 | 2669 | SH |  | SOLE |  | 2669 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 3576760 | 16274 | SH |  | SOLE |  | 16274 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 616719 | 8175 | SH |  | SOLE |  | 8175 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 282878 | 1971 | SH |  | SOLE |  | 1971 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 209508 | 1082 | SH |  | SOLE |  | 1082 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 221612 | 5441 | SH |  | SOLE |  | 5441 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1423884 | 4060 | SH |  | SOLE |  | 4060 | 0 | 0 |
| WIPRO LTD | SPON ADR 1 SH | 97651M109 |  | 63000 | 22183 | SH |  | SOLE |  | 22183 | 0 | 0 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 |  | 482129 | 10757 | SH |  | SOLE |  | 10757 | 0 | 0 |

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