# EDGAR Filing Document

**Accession Number:** 0000771572
**File Stem:** 0001398344-26-001794
**Filing Date:** 2026-2
**Character Count:** 36983
**Document Hash:** 2e5778203b790c0c32a6f3a3a1f58a2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-001794.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001398344-26-001794

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASHTON THOMAS SECURITIES, LLC
- **CENTRAL INDEX KEY:** 0000771572

**ORGANIZATION NAME:**
- **EIN:** 933834317
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24293
- **FILM NUMBER:** 26586119

**BUSINESS ADDRESS:**
- **STREET 1:** 200 CANAL VIEW BLVD.
- **STREET 2:** STE. 204
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14623
- **BUSINESS PHONE:** 716-424-1234

**MAIL ADDRESS:**
- **STREET 1:** 200 CANAL VIEW BLVD.
- **STREET 2:** STE. 204
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14623

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXCEL SECURITIES & ASSOCIATES, INC.
- **DATE OF NAME CHANGE:** 20240205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASHTON THOMAS SECURITIES, LLC
- **DATE OF NAME CHANGE:** 20240112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXCEL SECURITIES & ASSOCIATES, INC.
- **DATE OF NAME CHANGE:** 20240111

### 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:** ASHTON THOMAS SECURITIES LLC<br>**Address:** 200 CANAL VIEW BLVD.<br>STE. 204<br>ROCHESTER, NY 14623

**Form 13F File Number:** 028-24293

**CRD Number (if applicable):** 000016629

**SEC File Number (if applicable):** 801-69225

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:** Kimberly Johnson<br>**Title:** Chief Compliance Officer<br>**Phone:** 602-732-4745

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

/s/ Kimberly Johnson  Rochester, NY  01-28-2026<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:** 297

**Form 13F Information Table Value Total:** $526682155

      (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 | COM | 002824100 |  | 490761 | 3917 | SH |  | SOLE |  | 0 | 0 | 3917 |
| ABBVIE INC COM | COM | 00287Y109 |  | 556145 | 2434 | SH |  | SOLE |  | 0 | 0 | 2434 |
| ABRDN GLOBAL INFRASTRUCTURE INCOME FD COM SHS | COM | 00326W106 |  | 400244 | 17900 | SH |  | SOLE |  | 0 | 0 | 17900 |
| ABRDN HEALTHCARE INVS SH BEN INT | COM | 87911J103 |  | 206072 | 10880 | SH |  | SOLE |  | 0 | 0 | 10880 |
| ABRDN TOTAL DYNAMIC DIVID FD COM SH BEN INT | COM | 00326L100 |  | 979875 | 100500 | SH |  | SOLE |  | 0 | 0 | 100500 |
| ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4BNMY34 | COM | G1151C101 |  | 712873 | 2657 | SH |  | SOLE |  | 0 | 0 | 2657 |
| ADVANCED MICRO DEVICES INC COM | COM | 007903107 |  | 619565 | 2893 | SH |  | SOLE |  | 0 | 0 | 2893 |
| ADVISOR MANAGED PORTFOLIOS RECKONER LEVERAGED AAA CLO ETF | COM | 00777X496 |  | 380673 | 15233 | SH |  | SOLE |  | 0 | 0 | 15233 |
| ADVISORS SER TR SCHARF ETF | COM | 00770X220 |  | 749222 | 13622 | SH |  | SOLE |  | 0 | 0 | 13622 |
| AGILENT TECHNOLOGIES INC COM | COM | 00846U101 |  | 1850620 | 13569 | SH |  | SOLE |  | 0 | 0 | 13569 |
| ALLSTATE CORP COM | COM | 020002101 |  | 686479 | 3298 | SH |  | SOLE |  | 0 | 0 | 3298 |
| ALNYLAM PHARMACEUTICALS INC COM | COM | 02043Q107 |  | 273583 | 688 | SH |  | SOLE |  | 0 | 0 | 688 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 4278349 | 13620 | SH |  | SOLE |  | 0 | 0 | 13620 |
| ALPHABET INC CL A | COM | 02079K305 |  | 8436029 | 26935 | SH |  | SOLE |  | 0 | 0 | 26935 |
| ALTRIA GROUP INC COM | COM | 02209S103 |  | 995073 | 17258 | SH |  | SOLE |  | 0 | 0 | 17258 |
| AMAZON COM INC COM | COM | 023135106 |  | 8860141 | 38359 | SH |  | SOLE |  | 0 | 0 | 38359 |
| AMERICAN ELEC PWR CO INC COM | COM | 025537101 |  | 933089 | 8092 | SH |  | SOLE |  | 0 | 0 | 8092 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 708824 | 1916 | SH |  | SOLE |  | 0 | 0 | 1916 |
| AMERICAN INTL GROUP INC COM NEW | COM | 026874784 |  | 846090 | 9890 | SH |  | SOLE |  | 0 | 0 | 9890 |
| AMERICAN WTR WKS CO INC NEW COM | COM | 030420103 |  | 605259 | 4638 | SH |  | SOLE |  | 0 | 0 | 4638 |
| AMGEN INC COM | COM | 031162100 |  | 333856 | 1020 | SH |  | SOLE |  | 0 | 0 | 1020 |
| AMPHENOL CORP NEW CL A | COM | 032095101 |  | 736648 | 5451 | SH |  | SOLE |  | 0 | 0 | 5451 |
| ANALOG DEVICES INC COM | COM | 032654105 |  | 542671 | 2001 | SH |  | SOLE |  | 0 | 0 | 2001 |
| APPLE INC COM | COM | 037833100 |  | 9968182 | 36667 | SH |  | SOLE |  | 0 | 0 | 36667 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 330489 | 1286 | SH |  | SOLE |  | 0 | 0 | 1286 |
| APPLOVIN CORP COM CL A | COM | 03831W108 |  | 507386 | 753 | SH |  | SOLE |  | 0 | 0 | 753 |
| ARCH CAPITAL GROUP LTD SHS ISIN#BMG0450A1053 | COM | G0450A105 |  | 201048 | 2096 | SH |  | SOLE |  | 0 | 0 | 2096 |
| ARISTA NETWORKS INC COM NEW | COM | 040413205 |  | 1809655 | 13811 | SH |  | SOLE |  | 0 | 0 | 13811 |
| AT INC COM | COM | 00206R102 |  | 1310459 | 52756 | SH |  | SOLE |  | 0 | 0 | 52756 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 232168 | 1385 | SH |  | SOLE |  | 0 | 0 | 1385 |
| AUTODESK INC COM | COM | 052769106 |  | 1179008 | 3974 | SH |  | SOLE |  | 0 | 0 | 3974 |
| AUTOMATIC DATA PROCESSING INC COM | COM | 053015103 |  | 235365 | 915 | SH |  | SOLE |  | 0 | 0 | 915 |
| BANK AMER CORP COM | COM | 060505104 |  | 1311915 | 23853 | SH |  | SOLE |  | 0 | 0 | 23853 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | COM | 084670702 |  | 7372870 | 14637 | SH |  | SOLE |  | 0 | 0 | 14637 |
| BGC GROUP INC CL A | COM | 088929104 |  | 2070706 | 231882 | SH |  | SOLE |  | 0 | 0 | 231882 |
| BLACKROCK ENERGY  RES TR COM | COM | 09250U101 |  | 600567 | 44355 | SH |  | SOLE |  | 0 | 0 | 44355 |
| BLACKROCK ENHANCED EQUITY DIVID TR COM | COM | 09251A104 |  | 694182 | 73226 | SH |  | SOLE |  | 0 | 0 | 73226 |
| BLACKROCK ENHANCED GLOBAL DIVIID TR COM | COM | 092501105 |  | 207853 | 17750 | SH |  | SOLE |  | 0 | 0 | 17750 |
| BLACKROCK ETF TR II ISHARES FLEXIBLE INCOME ACTIVE ETF | COM | 092528603 |  | 2536035 | 48170 | SH |  | SOLE |  | 0 | 0 | 48170 |
| BLACKROCK ETF TR ISHARES A I INNOVATION  TECH ACTIVE ETF | COM | 09290C780 |  | 3272091 | 98483 | SH |  | SOLE |  | 0 | 0 | 98483 |
| BLACKROCK ETF TR ISHARES U S EQUITY FACTOR ROTATION ACTIVE ETF | COM | 09290C103 |  | 7989159 | 131679 | SH |  | SOLE |  | 0 | 0 | 131679 |
| BLACKROCK ETF TR ISHARES U S THEMATIC ROTATION ACTIVE ETF | COM | 09290C806 |  | 2848042 | 74026 | SH |  | SOLE |  | 0 | 0 | 74026 |
| BLACKROCK INC NEW COM | COM | 09290D101 |  | 269726 | 252 | SH |  | SOLE |  | 0 | 0 | 252 |
| BLACKROCK MUNIYIELD N Y QUALITY FD INC COM | COM | 09255E102 |  | 327030 | 33000 | SH |  | SOLE |  | 0 | 0 | 33000 |
| BLACKROCK TAXABLE MUN BD TR SHS | COM | 09248X100 |  | 197472 | 12100 | SH |  | SOLE |  | 0 | 0 | 12100 |
| BLACKSTONE INC COM | COM | 09260D107 |  | 871970 | 5657 | SH |  | SOLE |  | 0 | 0 | 5657 |
| BLOCK INC CL A | COM | 852234103 |  | 308299 | 4728 | SH |  | SOLE |  | 0 | 0 | 4728 |
| BOEING CO COM | COM | 097023105 |  | 2184987 | 10046 | SH |  | SOLE |  | 0 | 0 | 10046 |
| BOOKING HLDGS INC COM | COM | 09857L108 |  | 3821028 | 712 | SH |  | SOLE |  | 0 | 0 | 712 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 995549 | 10441 | SH |  | SOLE |  | 0 | 0 | 10441 |
| BROADCOM INC COM | COM | 11135F101 |  | 5057520 | 14613 | SH |  | SOLE |  | 0 | 0 | 14613 |
| BROADSTONE NET LEASE INC COM | COM | 11135E203 |  | 252751 | 14551 | SH |  | SOLE |  | 0 | 0 | 14551 |
| BROOKFIELD CORP VTG SHS CL A ISIN#CA11271J1075 | COM | 11271J107 |  | 3896883 | 84548 | SH |  | SOLE |  | 0 | 0 | 84548 |
| CADENCE DESIGN SYS INC COM | COM | 127387108 |  | 326646 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| CAPITAL GROUP CORE BALANCED ETF SHS | COM | 14021D107 |  | 1293223 | 36604 | SH |  | SOLE |  | 0 | 0 | 36604 |
| CAPITAL GROUP CORE EQUITY ETF SHS | COM | 14020V108 |  | 2381898 | 59207 | SH |  | SOLE |  | 0 | 0 | 59207 |
| CAPITAL GROUP DIVID VALUE ETF SHS | COM | 14020W106 |  | 3282863 | 75226 | SH |  | SOLE |  | 0 | 0 | 75226 |
| CAPITAL GROUP FIXED INCOME ETF TR CORE BD ETF | COM | 14020Y508 |  | 148587 | 5603 | SH |  | SOLE |  | 0 | 0 | 5603 |
| CAPITAL GROUP FIXED INCOME ETF TR U S MULTI-SECTOR INCOME ETF | COM | 14020Y300 |  | 52478 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| CAPITAL GROUP GROWTH ETF SHS | COM | 14020G101 |  | 1305620 | 29360 | SH |  | SOLE |  | 0 | 0 | 29360 |
| CAPITAL GROUP INTL EQUITY ETF SHS | COM | 14021M107 |  | 506631 | 14550 | SH |  | SOLE |  | 0 | 0 | 14550 |
| CATERPILLAR INC COM | COM | 149123101 |  | 371793 | 649 | SH |  | SOLE |  | 0 | 0 | 649 |
| CENTENE CORP DEL COM | COM | 15135B101 |  | 2246420 | 54455 | SH |  | SOLE |  | 0 | 0 | 54455 |
| CENTERPOINT ENERGY INC COM | COM | 15189T107 |  | 466943 | 12179 | SH |  | SOLE |  | 0 | 0 | 12179 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 870871 | 5714 | SH |  | SOLE |  | 0 | 0 | 5714 |
| CIGNA GROUP COM | COM | 125523100 |  | 988901 | 3593 | SH |  | SOLE |  | 0 | 0 | 3593 |
| CINCINNATI FINL CORP COM | COM | 172062101 |  | 493390 | 3021 | SH |  | SOLE |  | 0 | 0 | 3021 |
| CISCO SYS INC COM | COM | 17275R102 |  | 459638 | 5967 | SH |  | SOLE |  | 0 | 0 | 5967 |
| CITIGROUP INC COM NEW | COM | 172967424 |  | 268504 | 2301 | SH |  | SOLE |  | 0 | 0 | 2301 |
| CME GROUP INC COM | COM | 12572Q105 |  | 3260575 | 11931 | SH |  | SOLE |  | 0 | 0 | 11931 |
| COCA COLA CO COM | COM | 191216100 |  | 887927 | 12701 | SH |  | SOLE |  | 0 | 0 | 12701 |
| COMFORT SYS USA INC COM | COM | 199908104 |  | 303319 | 325 | SH |  | SOLE |  | 0 | 0 | 325 |
| CONSTELLATION ENERGY CORP COM | COM | 21037T109 |  | 282804 | 801 | SH |  | SOLE |  | 0 | 0 | 801 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 1800566 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| CROWDSTRIKE HLDGS INC CL A | COM | 22788C105 |  | 226411 | 483 | SH |  | SOLE |  | 0 | 0 | 483 |
| DANAHER CORP COM | COM | 235851102 |  | 210149 | 918 | SH |  | SOLE |  | 0 | 0 | 918 |
| DEERE  CO COM | COM | 244199105 |  | 570323 | 1223 | SH |  | SOLE |  | 0 | 0 | 1223 |
| DELL TECHNOLOGIES INC CL C | COM | 24703L202 |  | 570992 | 4536 | SH |  | SOLE |  | 0 | 0 | 4536 |
| DEUTSCHE BANK AG NAMEN AKT ISIN#DE0005140008 | COM | D18190898 |  | 674376 | 17489 | SH |  | SOLE |  | 0 | 0 | 17489 |
| DISNEY WALT CO DISNEY COM | COM | 254687106 |  | 3751224 | 32896 | SH |  | SOLE |  | 0 | 0 | 32896 |
| DONALDSON INC COM | COM | 257651109 |  | 400300 | 4504 | SH |  | SOLE |  | 0 | 0 | 4504 |
| DUKE ENERGY CORP NEW COM NEW | COM | 26441C204 |  | 660127 | 5632 | SH |  | SOLE |  | 0 | 0 | 5632 |
| DYNATRACE INC COM | COM | 268150109 |  | 233256 | 5382 | SH |  | SOLE |  | 0 | 0 | 5382 |
| EATON VANCE LTD DURATION INCOME FD COM | COM | 27828H105 |  | 227930 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| EATON VANCE TAX-ADVANTAGED GLOBAL DIVID OPPORTUNITIES FD COM | COM | 27828U106 |  | 233392 | 7690 | SH |  | SOLE |  | 0 | 0 | 7690 |
| ECOLAB INC COM | COM | 278865100 |  | 751070 | 2861 | SH |  | SOLE |  | 0 | 0 | 2861 |
| ENBRIDGE INC COM ISIN#CA29250N1050 | COM | 29250N105 |  | 408283 | 8520 | SH |  | SOLE |  | 0 | 0 | 8520 |
| ENERGY TRANSFER L P COM UNIT LTD PARTNERSHIP | COM | 29273V100 |  | 173145 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| EXELON CORP COM | COM | 30161N101 |  | 531101 | 12184 | SH |  | SOLE |  | 0 | 0 | 12184 |
| EXPEDITORS INTL WASH INC COM | COM | 302130109 |  | 561246 | 3760 | SH |  | SOLE |  | 0 | 0 | 3760 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 2268636 | 18852 | SH |  | SOLE |  | 0 | 0 | 18852 |
| FACTSET RESH SYS INC COM | COM | 303075105 |  | 308327 | 1061 | SH |  | SOLE |  | 0 | 0 | 1061 |
| FIRST TR EXCHANGE TRADED FD VIII FT VEST U S EQUITY MAX BUFFER ETF - | COM | 33740U554 |  | 1303796 | 40992 | SH |  | SOLE |  | 0 | 0 | 40992 |
| FIRST TR EXCHANGE TRADED FD VIII FT VEST US EQUITY MODERATE BUFFER EQUITY ETF | COM | 33740U711 |  | 781 | 20 | SH |  | SOLE |  | 0 | 0 | 20 |
| FIRST TR EXCHANGE-TRADED FD III MUNICIPAL HIGH INCOME ETF | COM | 33739P301 |  | 6561165 | 136878 | SH |  | SOLE |  | 0 | 0 | 136878 |
| FIRST TR EXCHANGE-TRADED FD VIII FT VEST LADDERED BUFFER ETF | COM | 33740F755 |  | 6612 | 193 | SH |  | SOLE |  | 0 | 0 | 193 |
| FIRST TR EXCHANGE-TRADED FD VIII FT VEST U S EQUITY DEEP BUFFER NOVEMBER | COM | 33740F839 |  | 2662593 | 54519 | SH |  | SOLE |  | 0 | 0 | 54519 |
| FRANCO NEV CORP COM ISIN#CA3518581051 | COM | 351858105 |  | 3165477 | 15257 | SH |  | SOLE |  | 0 | 0 | 15257 |
| FRANKLIN UNVL TR SH BEN INT | COM | 355145103 |  | 81200 | 10150 | SH |  | SOLE |  | 0 | 0 | 10150 |
| FREEPORT-MCMORAN INC CL B | COM | 35671D857 |  | 246139 | 4846 | SH |  | SOLE |  | 0 | 0 | 4846 |
| GABELLI DIVID  INCOME TR COM | COM | 36242H104 |  | 783114 | 28200 | SH |  | SOLE |  | 0 | 0 | 28200 |
| GAMCO GLOBAL GOLD NAT RES  INCOME TR BY GABELLI COM SH BEN INT | COM | 36465A109 |  | 648636 | 125705 | SH |  | SOLE |  | 0 | 0 | 125705 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 825459 | 1263 | SH |  | SOLE |  | 0 | 0 | 1263 |
| GILEAD SCIENCES INC COM | COM | 375558103 |  | 251494 | 2049 | SH |  | SOLE |  | 0 | 0 | 2049 |
| GOLDMAN SACHS ETF TR TR ACTIVEBETA INTL EQUITY ETF | COM | 381430107 |  | 39548 | 921 | SH |  | SOLE |  | 0 | 0 | 921 |
| GOLDMAN SACHS ETF TR TR ACTIVEBETA U S LARGE CAP EQUITY ETF | COM | 381430503 |  | 171949 | 1299 | SH |  | SOLE |  | 0 | 0 | 1299 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 1482873 | 1687 | SH |  | SOLE |  | 0 | 0 | 1687 |
| HASBRO INC COM | COM | 418056107 |  | 233372 | 2846 | SH |  | SOLE |  | 0 | 0 | 2846 |
| HERSHEY CO COM | COM | 427866108 |  | 2231985 | 12253 | SH |  | SOLE |  | 0 | 0 | 12253 |
| HOME DEPOT INC COM | COM | 437076102 |  | 674946 | 1961 | SH |  | SOLE |  | 0 | 0 | 1961 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 280930 | 1440 | SH |  | SOLE |  | 0 | 0 | 1440 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 1066514 | 5202 | SH |  | SOLE |  | 0 | 0 | 5202 |
| HUBBELL INC COM | COM | 443510607 |  | 203402 | 458 | SH |  | SOLE |  | 0 | 0 | 458 |
| HUNTINGTON BANCSHARES INC COM | COM | 446150104 |  | 210230 | 12117 | SH |  | SOLE |  | 0 | 0 | 12117 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 524987 | 776 | SH |  | SOLE |  | 0 | 0 | 776 |
| ILLUMINA INC COM | COM | 452327109 |  | 327310 | 2490 | SH |  | SOLE |  | 0 | 0 | 2490 |
| INTEL CORP COM | COM | 458140100 |  | 203614 | 5518 | SH |  | SOLE |  | 0 | 0 | 5518 |
| INTERNATIONAL BUSINESS MACHS CORP COM | COM | 459200101 |  | 795916 | 2687 | SH |  | SOLE |  | 0 | 0 | 2687 |
| INTUIT COM | COM | 461202103 |  | 431235 | 651 | SH |  | SOLE |  | 0 | 0 | 651 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120E602 |  | 1845484 | 3256 | SH |  | SOLE |  | 0 | 0 | 3256 |
| INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FD TR AAA CLO FLTG RATE | COM | 46090A721 |  | 4413405 | 172736 | SH |  | SOLE |  | 0 | 0 | 172736 |
| INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FD TR TOTAL RETURN BD | COM | 46090A804 |  | 7208409 | 152012 | SH |  | SOLE |  | 0 | 0 | 152012 |
| INVESCO EXCHANGE-TRADED FD TR AEROSPACE  DEFENSE ETF | COM | 46137V100 |  | 1918561 | 12249 | SH |  | SOLE |  | 0 | 0 | 12249 |
| INVESCO EXCHANGE-TRADED FD TR GLOBAL LISTED PRIVATE EQUITY ETF | COM | 46137V118 |  | 719386 | 10725 | SH |  | SOLE |  | 0 | 0 | 10725 |
| INVESCO EXCHANGE-TRADED FD TR II EQUAL WEIGHT 0-30 YEAR TREAS ETF ETF | COM | 46138E107 |  | 4695126 | 170422 | SH |  | SOLE |  | 0 | 0 | 170422 |
| INVESCO EXCHANGE-TRADED FD TR II INVESCO S ULTRA DIVID REV ETF | COM | 46138G656 |  | 789049 | 15162 | SH |  | SOLE |  | 0 | 0 | 15162 |
| INVESCO EXCHANGE-TRADED FD TR II NASDAQ 100 ETF | COM | 46138G649 |  | 116038 | 459 | SH |  | SOLE |  | 0 | 0 | 459 |
| INVESCO EXCHANGE-TRADED FD TR II NATL AMT-FREE MUN BD ETF | COM | 46138E537 |  | 2481539 | 107009 | SH |  | SOLE |  | 0 | 0 | 107009 |
| INVESCO EXCHANGE-TRADED FD TR II SR LN ETF | COM | 46138G508 |  | 99603 | 4743 | SH |  | SOLE |  | 0 | 0 | 4743 |
| INVESCO EXCHANGE-TRADED FD TR PHARMACEUTICALS ETF | COM | 46137V662 |  | 5750 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| INVESCO EXCHANGE-TRADED FD TR S 500 TOP 50 ETF | COM | 46137V233 |  | 20185196 | 340506 | SH |  | SOLE |  | 0 | 0 | 340506 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR BULLETSHARES 2027 BD ETF | COM | 46138J585 |  | 175097 | 7743 | SH |  | SOLE |  | 0 | 0 | 7743 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR BULLETSHARES 2029 CORPORATE BD ETF | COM | 46138J395 |  | 1495375 | 69520 | SH |  | SOLE |  | 0 | 0 | 69520 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR INTL DEVELOPED ETF | COM | 46138J437 |  | 11526972 | 386941 | SH |  | SOLE |  | 0 | 0 | 386941 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR INVESCO BULLETSHARES 2026 HIGH YIELD CORP ETF | COM | 46138J635 |  | 55047 | 2359 | SH |  | SOLE |  | 0 | 0 | 2359 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR INVESCO BULLETSHARES 2028 HIGH YIELD CORPORATE BD ETF | COM | 46138J452 |  | 1519354 | 69062 | SH |  | SOLE |  | 0 | 0 | 69062 |
| INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR INVESCO RUSSELL 1000 MULTIFACTOR ETF | COM | 46138J619 |  | 22863354 | 374012 | SH |  | SOLE |  | 0 | 0 | 374012 |
| INVESCO TR INVT GRADE NEW YORK MUNS COM | COM | 46131T101 |  | 1656289 | 143900 | SH |  | SOLE |  | 0 | 0 | 143900 |
| ISHARES GOLD TR ISHARES NEW | COM | 464285204 |  | 2727961 | 33668 | SH |  | SOLE |  | 0 | 0 | 33668 |
| ISHARES TR MBS ETF | COM | 464288588 |  | 3340114 | 35156 | SH |  | SOLE |  | 0 | 0 | 35156 |
| J P MORGAN EXCHANGE-TRADED FD TR EQUITY PREMIUM INCOME ETF | COM | 46641Q332 |  | 437314 | 7640 | SH |  | SOLE |  | 0 | 0 | 7640 |
| J P MORGAN EXCHANGE-TRADED FD TR INTERNATIONAL RESH ENHANCED EQUITY | COM | 46641Q134 |  | 74506 | 995 | SH |  | SOLE |  | 0 | 0 | 995 |
| J P MORGAN EXCHANGE-TRADED FD TR SMALL  MID CAP ENHANCED EQUITY ETF EQUITY ETF | COM | 46641Q118 |  | 3346215 | 51976 | SH |  | SOLE |  | 0 | 0 | 51976 |
| J P MORGAN EXCHANGE-TRADED FD TR U S QUALITY FACTOR ETF | COM | 46641Q761 |  | 5244 | 83 | SH |  | SOLE |  | 0 | 0 | 83 |
| J P MORGAN EXCHANGE-TRADED FD TR ULTRA SHORT MUN INCOME ETF | COM | 46641Q654 |  | 2720705 | 53410 | SH |  | SOLE |  | 0 | 0 | 53410 |
| J P MORGAN EXCHANGE-TRADED FD TR ULTRA-SHORT INCOME ETF | COM | 46641Q837 |  | 1402152 | 27716 | SH |  | SOLE |  | 0 | 0 | 27716 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 1679813 | 8117 | SH |  | SOLE |  | 0 | 0 | 8117 |
| JPMORGAN CHASE  CO COM | COM | 46625H100 |  | 2016792 | 6259 | SH |  | SOLE |  | 0 | 0 | 6259 |
| KLA CORP COM | COM | 482480100 |  | 662219 | 545 | SH |  | SOLE |  | 0 | 0 | 545 |
| KROGER CO COM | COM | 501044101 |  | 701775 | 11232 | SH |  | SOLE |  | 0 | 0 | 11232 |
| LAM RESH CORP COM NEW | COM | 512807306 |  | 291520 | 1703 | SH |  | SOLE |  | 0 | 0 | 1703 |
| LIBERTY ALL STAR EQUITY FD SH BEN INT | COM | 530158104 |  | 831284 | 132370 | SH |  | SOLE |  | 0 | 0 | 132370 |
| LITMAN GREGORY FDS TR IMGP DBI MANAGED FUTURE STRATEGY ETF | COM | 53700T827 |  | 7595449 | 270686 | SH |  | SOLE |  | 0 | 0 | 270686 |
| LMP CAP  INCOME FD INC COM | COM | 50208A102 |  | 167353 | 11300 | SH |  | SOLE |  | 0 | 0 | 11300 |
| LOCKHEED MARTIN CORP COM | COM | 539830109 |  | 1978720 | 4082 | SH |  | SOLE |  | 0 | 0 | 4082 |
| LOWES COS INC COM | COM | 548661107 |  | 259729 | 1077 | SH |  | SOLE |  | 0 | 0 | 1077 |
| MARKEL GROUP INC COM | COM | 570535104 |  | 3594215 | 1668 | SH |  | SOLE |  | 0 | 0 | 1668 |
| MARSH  MCLENNAN COS INC COM | COM | 571748102 |  | 2331059 | 12543 | SH |  | SOLE |  | 0 | 0 | 12543 |
| MARTIN MARIETTA MATLS INC COM | COM | 573284106 |  | 740343 | 1189 | SH |  | SOLE |  | 0 | 0 | 1189 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 699899 | 1226 | SH |  | SOLE |  | 0 | 0 | 1226 |
| MCDONALDS CORP COM | COM | 580135101 |  | 610343 | 1997 | SH |  | SOLE |  | 0 | 0 | 1997 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 5635802 | 6856 | SH |  | SOLE |  | 0 | 0 | 6856 |
| MEDPACE HLDGS INC COM | COM | 58506Q109 |  | 263976 | 470 | SH |  | SOLE |  | 0 | 0 | 470 |
| MERCK  CO INC NEW COM | COM | 58933Y105 |  | 739873 | 7029 | SH |  | SOLE |  | 0 | 0 | 7029 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 10131793 | 15330 | SH |  | SOLE |  | 0 | 0 | 15330 |
| MFS CHARTER INCOME TR SH BEN INT | COM | 552727109 |  | 555836 | 88650 | SH |  | SOLE |  | 0 | 0 | 88650 |
| MFS MULTIMARKET INCOME TR SH BEN INT | COM | 552737108 |  | 234825 | 50500 | SH |  | SOLE |  | 0 | 0 | 50500 |
| MICRON TECHNOLOGY INC COM | COM | 595112103 |  | 461508 | 1617 | SH |  | SOLE |  | 0 | 0 | 1617 |
| MICROSOFT CORP COM | COM | 594918104 |  | 14913919 | 30807 | SH |  | SOLE |  | 0 | 0 | 30807 |
| MONSTER BEVERAGE CORP NEW COM | COM | 61174X109 |  | 1313894 | 17097 | SH |  | SOLE |  | 0 | 0 | 17097 |
| MOODYS CORP COM | COM | 615369105 |  | 805100 | 1576 | SH |  | SOLE |  | 0 | 0 | 1576 |
| MORGAN STANLEY COM NEW | COM | 617446448 |  | 272686 | 1536 | SH |  | SOLE |  | 0 | 0 | 1536 |
| NETFLIX INC COM | COM | 64110L106 |  | 3853489 | 41034 | SH |  | SOLE |  | 0 | 0 | 41034 |
| NEWMARK GROUP INC CL A | COM | 65158N102 |  | 1486662 | 85736 | SH |  | SOLE |  | 0 | 0 | 85736 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 836196 | 10416 | SH |  | SOLE |  | 0 | 0 | 10416 |
| NIKE INC CL B | COM | 654106103 |  | 405419 | 6352 | SH |  | SOLE |  | 0 | 0 | 6352 |
| NORTHROP GRUMMAN CORP COM | COM | 666807102 |  | 301641 | 529 | SH |  | SOLE |  | 0 | 0 | 529 |
| NOVO NORDISK A.S. ADR FORMERLY NOVO INDUSTRIE A.S. ADR SAME CUSIP | COM | 670100205 |  | 544696 | 10686 | SH |  | SOLE |  | 0 | 0 | 10686 |
| NUVEEN NEW YORK AMT-FREE QUALITY MUN INCOME FD COM | COM | 670656107 |  | 497439 | 49300 | SH |  | SOLE |  | 0 | 0 | 49300 |
| NVIDIA CORP COM | COM | 67066G104 |  | 21146197 | 113322 | SH |  | SOLE |  | 0 | 0 | 113322 |
| O REILLY AUTOMOTIVE INC NEW COM | COM | 67103H107 |  | 1058310 | 11603 | SH |  | SOLE |  | 0 | 0 | 11603 |
| OCCIDENTAL PETE CORP COM | COM | 674599105 |  | 2779822 | 67396 | SH |  | SOLE |  | 0 | 0 | 67396 |
| OCCIDENTAL PETE CORP WT EXP EXP 08/03/27 | COM | 674599162 |  | 135 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| OLD REP INTL CORP COM | COM | 680223104 |  | 279728 | 6129 | SH |  | SOLE |  | 0 | 0 | 6129 |
| ORACLE CORP COM | COM | 68389X105 |  | 5348038 | 27393 | SH |  | SOLE |  | 0 | 0 | 27393 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 2317439 | 26462 | SH |  | SOLE |  | 0 | 0 | 26462 |
| PALANTIR TECHNOLOGIES INC CL A | COM | 69608A108 |  | 799875 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 2392758 | 12990 | SH |  | SOLE |  | 0 | 0 | 12990 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 1022230 | 1163 | SH |  | SOLE |  | 0 | 0 | 1163 |
| PAYCHEX INC COM | COM | 704326107 |  | 374166 | 3335 | SH |  | SOLE |  | 0 | 0 | 3335 |
| PAYPAL HLDGS INC COM | COM | 70450Y103 |  | 266038 | 4548 | SH |  | SOLE |  | 0 | 0 | 4548 |
| PEPSICO INC COM | COM | 713448108 |  | 1153470 | 8037 | SH |  | SOLE |  | 0 | 0 | 8037 |
| PHILIP MORRIS INTL INC COM | COM | 718172109 |  | 1795999 | 11197 | SH |  | SOLE |  | 0 | 0 | 11197 |
| PHILLIPS 66 COM | COM | 718546104 |  | 261890 | 2030 | SH |  | SOLE |  | 0 | 0 | 2030 |
| PPL CORP COM | COM | 69351T106 |  | 308316 | 8804 | SH |  | SOLE |  | 0 | 0 | 8804 |
| PROCTER  GAMBLE CO COM | COM | 742718109 |  | 586281 | 4091 | SH |  | SOLE |  | 0 | 0 | 4091 |
| PROGRESSIVE CORP OH COM | COM | 743315103 |  | 1326014 | 5823 | SH |  | SOLE |  | 0 | 0 | 5823 |
| QUALCOMM INC COM | COM | 747525103 |  | 654352 | 3820 | SH |  | SOLE |  | 0 | 0 | 3820 |
| REGENERON PHARMACEUTICALS INC COM | COM | 75886F107 |  | 937822 | 1214 | SH |  | SOLE |  | 0 | 0 | 1214 |
| RTX CORP COM | COM | 75513E101 |  | 379088 | 2067 | SH |  | SOLE |  | 0 | 0 | 2067 |
| S GLOBAL INC COM | COM | 78409V104 |  | 272792 | 522 | SH |  | SOLE |  | 0 | 0 | 522 |
| SALESFORCE INC COM | COM | 79466L302 |  | 1372755 | 5174 | SH |  | SOLE |  | 0 | 0 | 5174 |
| SCHWAB CHARLES CORP NEW COM | COM | 808513105 |  | 387451 | 3878 | SH |  | SOLE |  | 0 | 0 | 3878 |
| SCHWAB STRATEGIC TR INTERMEDIATE-TERM US TREASURY ETF | COM | 808524854 |  | 141301 | 5634 | SH |  | SOLE |  | 0 | 0 | 5634 |
| SCHWAB STRATEGIC TR INTL SMALL CAP EQUITY ETF | COM | 808524888 |  | 5183545 | 113849 | SH |  | SOLE |  | 0 | 0 | 113849 |
| SCHWAB STRATEGIC TR SCHWAB FUNDAMENTAL EMERGING MKTS LARGE CO INDEX ETF | COM | 808524730 |  | 90655 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| SCHWAB STRATEGIC TR SCHWAB FUNDAMENTAL INTL LARGE CO INDEX ETF | COM | 808524755 |  | 12704 | 281 | SH |  | SOLE |  | 0 | 0 | 281 |
| SCHWAB STRATEGIC TR US TIPS ETF | COM | 808524870 |  | 65324 | 2466 | SH |  | SOLE |  | 0 | 0 | 2466 |
| SEI INVTS CO COM | COM | 784117103 |  | 456031 | 5548 | SH |  | SOLE |  | 0 | 0 | 5548 |
| SELECT SECTOR SPDR TR STATE STREET COMMUNICATION SVCS SELECT SECTOR SPDR ETF | COM | 81369Y852 |  | 1587219 | 13483 | SH |  | SOLE |  | 0 | 0 | 13483 |
| SELECT SECTOR SPDR TR STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF | COM | 81369Y407 |  | 635978 | 5326 | SH |  | SOLE |  | 0 | 0 | 5326 |
| SELECT SECTOR SPDR TR STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF | COM | 81369Y308 |  | 1098711 | 14144 | SH |  | SOLE |  | 0 | 0 | 14144 |
| SELECT SECTOR SPDR TR STATE STREET ENERGY SELECT SECTOR SPDR ETF | COM | 81369Y506 |  | 31118 | 696 | SH |  | SOLE |  | 0 | 0 | 696 |
| SELECT SECTOR SPDR TR STATE STREET FINL SELECT SECTOR SPDR ETF | COM | 81369Y605 |  | 1949815 | 35711 | SH |  | SOLE |  | 0 | 0 | 35711 |
| SELECT SECTOR SPDR TR STATE STREET HEALTH CARE SELECT SPDR ETF | COM | 81369Y209 |  | 1410383 | 9111 | SH |  | SOLE |  | 0 | 0 | 9111 |
| SELECT SECTOR SPDR TR STATE STREET INDL SELECT SECTOR SPDR ETF | COM | 81369Y704 |  | 141625 | 913 | SH |  | SOLE |  | 0 | 0 | 913 |
| SELECT SECTOR SPDR TR STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | COM | 81369Y803 |  | 2833042 | 19678 | SH |  | SOLE |  | 0 | 0 | 19678 |
| SELECT SECTOR SPDR TR STATE STREET UTILITIES SELECT SECTOR SPDR ETF | COM | 81369Y886 |  | 822720 | 18680 | SH |  | SOLE |  | 0 | 0 | 18680 |
| SERVICENOW INC COM | COM | 81762P102 |  | 970612 | 6336 | SH |  | SOLE |  | 0 | 0 | 6336 |
| SHERWIN-WILLIAMS CO COM | COM | 824348106 |  | 226497 | 699 | SH |  | SOLE |  | 0 | 0 | 699 |
| SMITH  NEPHEW P L C SPONSORED ADR NEW | COM | 83175M205 |  | 1487868 | 45243 | SH |  | SOLE |  | 0 | 0 | 45243 |
| SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1 | COM | 78467X109 |  | 228695 | 476 | SH |  | SOLE |  | 0 | 0 | 476 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462F103 |  | 871494 | 1278 | SH |  | SOLE |  | 0 | 0 | 1278 |
| SPDR SER TR STATE STREET SPDR BLOOMBERG INVT GRADE FLTG RATE ETF | COM | 78468R200 |  | 59801 | 1946 | SH |  | SOLE |  | 0 | 0 | 1946 |
| SPDR SER TR STATE STREET SPDR BLOOMBERG SHORT TERM HIGH YIELD BD ETF | COM | 78468R408 |  | 64642 | 2553 | SH |  | SOLE |  | 0 | 0 | 2553 |
| SPDR SER TR STATE STREET SPDR NUVEEN BLOOMBERG MUN BD ETF | COM | 78468R721 |  | 3781085 | 82719 | SH |  | SOLE |  | 0 | 0 | 82719 |
| STARBUCKS CORP COM | COM | 855244109 |  | 649638 | 7702 | SH |  | SOLE |  | 0 | 0 | 7702 |
| STRYKER CORP COMMON | COM | 863667101 |  | 416492 | 1185 | SH |  | SOLE |  | 0 | 0 | 1185 |
| SYNOPSYS INC COM | COM | 871607107 |  | 808858 | 1722 | SH |  | SOLE |  | 0 | 0 | 1722 |
| TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR ISIN#US8740391003 | COM | 874039100 |  | 1013164 | 3334 | SH |  | SOLE |  | 0 | 0 | 3334 |
| TAPESTRY INC COM | COM | 876030107 |  | 244296 | 1912 | SH |  | SOLE |  | 0 | 0 | 1912 |
| TARGA RES CORP COM | COM | 87612G101 |  | 206825 | 1121 | SH |  | SOLE |  | 0 | 0 | 1121 |
| TESLA INC COM | COM | 88160R101 |  | 5792618 | 12863 | SH |  | SOLE |  | 0 | 0 | 12863 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 3456130 | 5955 | SH |  | SOLE |  | 0 | 0 | 5955 |
| TJX COS INC NEW COM | COM | 872540109 |  | 1378189 | 8972 | SH |  | SOLE |  | 0 | 0 | 8972 |
| TKO GROUP HLDGS INC CL A | COM | 87256C101 |  | 604010 | 2890 | SH |  | SOLE |  | 0 | 0 | 2890 |
| TRAVELERS COS INC COM | COM | 89417E109 |  | 265985 | 917 | SH |  | SOLE |  | 0 | 0 | 917 |
| UBER TECHNOLOGIES INC COM | COM | 90353T100 |  | 689878 | 8443 | SH |  | SOLE |  | 0 | 0 | 8443 |
| U-HAUL HLDG CO COM SER N | COM | 023586506 |  | 1422859 | 30364 | SH |  | SOLE |  | 0 | 0 | 30364 |
| UNION PAC CORP COM | COM | 907818108 |  | 3677757 | 15862 | SH |  | SOLE |  | 0 | 0 | 15862 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 1663424 | 5029 | SH |  | SOLE |  | 0 | 0 | 5029 |
| VANGUARD BD INDEX FDS VANGUARD INTERMEDIATE TERM BD ETF | COM | 921937819 |  | 704870 | 9051 | SH |  | SOLE |  | 0 | 0 | 9051 |
| VANGUARD BD INDEX FDS VANGUARD LONG TERM BD ETF | COM | 921937793 |  | 724816 | 10426 | SH |  | SOLE |  | 0 | 0 | 10426 |
| VANGUARD BD INDEX FDS VANGUARD SHORT TERM BD ETF | COM | 921937827 |  | 1305961 | 16571 | SH |  | SOLE |  | 0 | 0 | 16571 |
| VANGUARD BD INDEX FDS VANGUARD TOTAL BD MARKET ETF | COM | 921937835 |  | 662466 | 8944 | SH |  | SOLE |  | 0 | 0 | 8944 |
| VANGUARD CHARLOTTE FDS TOTAL INTL BD ETF | COM | 92203J407 |  | 1445444 | 29914 | SH |  | SOLE |  | 0 | 0 | 29914 |
| VANGUARD INDEX FDS MID-CAP GROWTH ETF | COM | 922908538 |  | 46896 | 168 | SH |  | SOLE |  | 0 | 0 | 168 |
| VANGUARD INDEX FDS REAL ESTATE INDEX FD ETF | COM | 922908553 |  | 423725 | 4788 | SH |  | SOLE |  | 0 | 0 | 4788 |
| VANGUARD INDEX FDS S 500 ETF SHS NEW | COM | 922908363 |  | 46286048 | 73806 | SH |  | SOLE |  | 0 | 0 | 73806 |
| VANGUARD INDEX FDS VANGUARD EXTENDED MKT ETF | COM | 922908652 |  | 2509 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| VANGUARD INDEX FDS VANGUARD GROWTH ETF | COM | 922908736 |  | 3473563 | 7120 | SH |  | SOLE |  | 0 | 0 | 7120 |
| VANGUARD INDEX FDS VANGUARD MID-CAP ETF | COM | 922908629 |  | 337289 | 1162 | SH |  | SOLE |  | 0 | 0 | 1162 |
| VANGUARD INDEX FDS VANGUARD SMALL-CAP ETF | COM | 922908751 |  | 762221 | 2955 | SH |  | SOLE |  | 0 | 0 | 2955 |
| VANGUARD INDEX FDS VANGUARD SMALL-CAP VALUE ETF | COM | 922908611 |  | 2541 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF | COM | 922908769 |  | 2690238 | 8024 | SH |  | SOLE |  | 0 | 0 | 8024 |
| VANGUARD INDEX FDS VANGUARD VALUE ETF | COM | 922908744 |  | 2013608 | 10543 | SH |  | SOLE |  | 0 | 0 | 10543 |
| VANGUARD INTL EQUITY INDEX FDS FTSE ALL-WORLD EX USA SMALL CAP INDEX | COM | 922042718 |  | 2150 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF | COM | 922042858 |  | 872471 | 16229 | SH |  | SOLE |  | 0 | 0 | 16229 |
| VANGUARD INTL EQUITY INDEX FDS FTSE EUROPE ETF | COM | 922042874 |  | 5746 | 69 | SH |  | SOLE |  | 0 | 0 | 69 |
| VANGUARD INTL EQUITY INDEX FDS FTSE PACIFIC ETF | COM | 922042866 |  | 284127 | 3143 | SH |  | SOLE |  | 0 | 0 | 3143 |
| VANGUARD INTL EQUITY INDEX FDS VANGUARD FTSE ALL WORLD EX US ETF | COM | 922042775 |  | 557026 | 7572 | SH |  | SOLE |  | 0 | 0 | 7572 |
| VANGUARD INTL FD FTSE DEVELOPED MKTS ETF | COM | 921943858 |  | 12380036 | 198176 | SH |  | SOLE |  | 0 | 0 | 198176 |
| VANGUARD MUN BD FDS TAX-EXEMPT BD INDEX FD ETF | COM | 922907746 |  | 8194253 | 162940 | SH |  | SOLE |  | 0 | 0 | 162940 |
| VANGUARD SCOTTSDALE FDS VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX ETF SHS | COM | 92206C870 |  | 8201376 | 97927 | SH |  | SOLE |  | 0 | 0 | 97927 |
| VANGUARD SCOTTSDALE FDS VANGUARD INTER-TERM TREAS INDEX FD | COM | 92206C706 |  | 2637 | 44 | SH |  | SOLE |  | 0 | 0 | 44 |
| VANGUARD SCOTTSDALE FDS VANGUARD LONG-TERM TREAS INDEX FD ETF SHS | COM | 92206C847 |  | 57083 | 1023 | SH |  | SOLE |  | 0 | 0 | 1023 |
| VANGUARD SCOTTSDALE FDS VANGUARD MTG BACKED SECS ETF | COM | 92206C771 |  | 754598 | 16028 | SH |  | SOLE |  | 0 | 0 | 16028 |
| VANGUARD SCOTTSDALE FDS VANGUARD SHORT-TERM CORPORATE BD INDEX FD | COM | 92206C409 |  | 171898 | 2156 | SH |  | SOLE |  | 0 | 0 | 2156 |
| VANGUARD SCOTTSDALE FDS VANGUARD SHORT-TERM TREAS INDEX FD | COM | 92206C102 |  | 146825 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| VANGUARD SPECIALIZED FUNDS DIVID APPRECIATION ETF SHS | COM | 921908844 |  | 1324562 | 6027 | SH |  | SOLE |  | 0 | 0 | 6027 |
| VANGUARD STAR FDS VANGUARD TOTAL INTL STOCK INDEX FD ETF SHS | COM | 921909768 |  | 270000 | 3579 | SH |  | SOLE |  | 0 | 0 | 3579 |
| VANGUARD WORLD FDS VANGUARD COMMUNICATION SVCS ETF | COM | 92204A884 |  | 78807 | 407 | SH |  | SOLE |  | 0 | 0 | 407 |
| VANGUARD WORLD FDS VANGUARD CONSUMER | COM | 92204A108 |  | 29544 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| VANGUARD WORLD FDS VANGUARD CONSUMER STAPLES ETF | COM | 92204A207 |  | 24293 | 115 | SH |  | SOLE |  | 0 | 0 | 115 |
| VANGUARD WORLD FDS VANGUARD ENERGY ETF | COM | 92204A306 |  | 60064 | 477 | SH |  | SOLE |  | 0 | 0 | 477 |
| VANGUARD WORLD FDS VANGUARD FINLS ETF | COM | 92204A405 |  | 31237 | 234 | SH |  | SOLE |  | 0 | 0 | 234 |
| VANGUARD WORLD FDS VANGUARD HEALTH CARE ETF | COM | 92204A504 |  | 763711 | 2653 | SH |  | SOLE |  | 0 | 0 | 2653 |
| VANGUARD WORLD FDS VANGUARD INDLS ETF | COM | 92204A603 |  | 2528495 | 8474 | SH |  | SOLE |  | 0 | 0 | 8474 |
| VANGUARD WORLD FDS VANGUARD INFORMATION TECHNOLOGY ETF | COM | 92204A702 |  | 493726 | 655 | SH |  | SOLE |  | 0 | 0 | 655 |
| VANGUARD WORLD FDS VANGUARD MATLS ETF | COM | 92204A801 |  | 24906 | 120 | SH |  | SOLE |  | 0 | 0 | 120 |
| VANGUARD WORLD FDS VANGUARD UTILS ETF | COM | 92204A876 |  | 30902 | 167 | SH |  | SOLE |  | 0 | 0 | 167 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 1088102 | 26715 | SH |  | SOLE |  | 0 | 0 | 26715 |
| VERTEX PHARMACEUTICALS INC COM | COM | 92532F100 |  | 1316557 | 2902 | SH |  | SOLE |  | 0 | 0 | 2902 |
| VIRTUS DIVID INT  PREM STRATEGY FD COM | COM | 92840R101 |  | 224608 | 17425 | SH |  | SOLE |  | 0 | 0 | 17425 |
| VIRTUS TOTAL RETURN FD INC COM | COM | 92835W107 |  | 715050 | 113500 | SH |  | SOLE |  | 0 | 0 | 113500 |
| VISTRA CORP COM | COM | 92840M102 |  | 342020 | 2120 | SH |  | SOLE |  | 0 | 0 | 2120 |
| VOYA GLOBAL EQUITY DIVID  PREM OPPORTUNITY FD COM | COM | 92912T100 |  | 104104 | 18200 | SH |  | SOLE |  | 0 | 0 | 18200 |
| WALMART INC COM | COM | 931142103 |  | 1030208 | 9247 | SH |  | SOLE |  | 0 | 0 | 9247 |
| WELLS FARGO  CO NEW COM | COM | 949746101 |  | 416418 | 4468 | SH |  | SOLE |  | 0 | 0 | 4468 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 968699 | 5219 | SH |  | SOLE |  | 0 | 0 | 5219 |
| WESTERN ASSET HIGH INCOME FD II INC COM | COM | 95766J102 |  | 45760 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| WILLIAMS COS INC COM | COM | 969457100 |  | 746025 | 12411 | SH |  | SOLE |  | 0 | 0 | 12411 |
| WORKDAY INC CL A | COM | 98138H101 |  | 446635 | 2078 | SH |  | SOLE |  | 0 | 0 | 2078 |
| XCEL ENERGY INC COM | COM | 98389B100 |  | 479721 | 6495 | SH |  | SOLE |  | 0 | 0 | 6495 |
| YUM BRANDS INC COM | COM | 988498101 |  | 769410 | 5080 | SH |  | SOLE |  | 0 | 0 | 5080 |
| YUM CHINA HLDGS INC COM | COM | 98850P109 |  | 205449 | 4299 | SH |  | SOLE |  | 0 | 0 | 4299 |
| ZOETIS INC COM | COM | 98978V103 |  | 2492557 | 19766 | SH |  | SOLE |  | 0 | 0 | 19766 |

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