# EDGAR Filing Document

**Accession Number:** 0001820593
**File Stem:** 0001085146-23-000702
**Filing Date:** 2023-2
**Character Count:** 17321
**Document Hash:** 7f9cdeb7486f5d3214c52740d9ac52f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000702.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001085146-23-000702

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Navalign, LLC
- **CENTRAL INDEX KEY:** 0001820593
- **IRS NUMBER:** 680494621
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21174
- **FILM NUMBER:** 23592041

**BUSINESS ADDRESS:**
- **STREET 1:** 15910 VENTURA BOULEVARD
- **STREET 2:** SUITE 1605
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436
- **BUSINESS PHONE:** (818) 728-4500

**MAIL ADDRESS:**
- **STREET 1:** 15910 VENTURA BOULEVARD
- **STREET 2:** SUITE 1605
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Navalign LLC<br>**Address:** 15910 VENTURA BOULEVARD<br>SUITE 1605<br>ENCINO, CA 91436

**Form 13F File Number:** 028-21174

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:** Chris Carter<br>**Title:** Chief Compliance Officer<br>**Phone:** 818-728-4500

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

/s/Chris Carter  Encino, CA  02-06-2023<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:** 126

**Form 13F Information Table Value Total:** $242542891

      (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 | BBG001S5N9M6 | 298848 | 2722 | SH |  | SOLE |  | 0 | 0 | 2722 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 423326 | 2619 | SH |  | SOLE |  | 0 | 0 | 2619 |
| ALLOGENE THERAPEUTICS INC | COM | 019770106 | BBG00KHRRDY2 | 474046 | 75365 | SH |  | SOLE |  | 0 | 0 | 75365 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1464883 | 16603 | SH |  | SOLE |  | 0 | 0 | 16603 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 571776 | 6444 | SH |  | SOLE |  | 0 | 0 | 6444 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 732480 | 8720 | SH |  | SOLE |  | 0 | 0 | 8720 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 836216 | 8807 | SH |  | SOLE |  | 0 | 0 | 8807 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 636291 | 3003 | SH |  | SOLE |  | 0 | 0 | 3003 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 6277968 | 23903 | SH |  | SOLE |  | 0 | 0 | 23903 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 15594047 | 120019 | SH |  | SOLE |  | 0 | 0 | 120019 |
| AUTODESK INC | COM | 052769106 | BBG001S5SCD4 | 371124 | 1986 | SH |  | SOLE |  | 0 | 0 | 1986 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 780990 | 23581 | SH |  | SOLE |  | 0 | 0 | 23581 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 434931 | 1408 | SH |  | SOLE |  | 0 | 0 | 1408 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 1172916 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 687210 | 341 | SH |  | SOLE |  | 0 | 0 | 341 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 675912 | 14608 | SH |  | SOLE |  | 0 | 0 | 14608 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 859377 | 1537 | SH |  | SOLE |  | 0 | 0 | 1537 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 607646 | 6537 | SH |  | SOLE |  | 0 | 0 | 6537 |
| CIGNA CORP NEW | COM | 125523100 | BBG00KXRCDQ9 | 1562507 | 4716 | SH |  | SOLE |  | 0 | 0 | 4716 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 723046 | 15177 | SH |  | SOLE |  | 0 | 0 | 15177 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 1427775 | 22446 | SH |  | SOLE |  | 0 | 0 | 22446 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1042752 | 8837 | SH |  | SOLE |  | 0 | 0 | 8837 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 489120 | 2111 | SH |  | SOLE |  | 0 | 0 | 2111 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 297773 | 652 | SH |  | SOLE |  | 0 | 0 | 652 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 828429 | 26741 | SH |  | SOLE |  | 0 | 0 | 26741 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 884351 | 9490 | SH |  | SOLE |  | 0 | 0 | 9490 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 552344 | 16809 | SH |  | SOLE |  | 0 | 0 | 16809 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 538970 | 6204 | SH |  | SOLE |  | 0 | 0 | 6204 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 964673 | 3917 | SH |  | SOLE |  | 0 | 0 | 3917 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 253519 | 2298 | SH |  | SOLE |  | 0 | 0 | 2298 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 404512 | 2336 | SH |  | SOLE |  | 0 | 0 | 2336 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 | BBG0078X1341 | 17139474 | 380708 | SH |  | SOLE |  | 0 | 0 | 380708 |
| FIRST TR EXCHNG TRADED FD VI | CBOE VEST US EQ | 33740F755 | BBG00VC9SZ91 | 1544994 | 69563 | SH |  | SOLE |  | 0 | 0 | 69563 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 693125 | 16527 | SH |  | SOLE |  | 0 | 0 | 16527 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 | BBG00243P8S9 | 12809612 | 294677 | SH |  | SOLE |  | 0 | 0 | 294677 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 | BBG00MVW9603 | 11933 | 75000 | SH | Call | SOLE |  | 0 | 0 | 75000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 856536 | 2494 | SH |  | SOLE |  | 0 | 0 | 2494 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1179609 | 5504 | SH |  | SOLE |  | 0 | 0 | 5504 |
| HYRECAR INC | COM | 44916T107 | BBG00L07HMZ2 | 6486 | 15298 | SH |  | SOLE |  | 0 | 0 | 15298 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 477630 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 6537720 | 80544 | SH |  | SOLE |  | 0 | 0 | 80544 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 | BBG001T03XM5 | 6023009 | 107343 | SH |  | SOLE |  | 0 | 0 | 107343 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 818578 | 13280 | SH |  | SOLE |  | 0 | 0 | 13280 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 206566 | 854 | SH |  | SOLE |  | 0 | 0 | 854 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 10155190 | 107303 | SH |  | SOLE |  | 0 | 0 | 107303 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 252042 | 656 | SH |  | SOLE |  | 0 | 0 | 656 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 263231 | 2714 | SH |  | SOLE |  | 0 | 0 | 2714 |
| ISHARES TR | CRE U S REIT ETF | 464288521 | BBG001ST7G55 | 858319 | 17357 | SH |  | SOLE |  | 0 | 0 | 17357 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 | BBG001SP62C7 | 555882 | 6637 | SH |  | SOLE |  | 0 | 0 | 6637 |
| ISHARES TR | EAFE SML CP ETF | 464288273 | BBG001SYVWS7 | 1716766 | 30396 | SH |  | SOLE |  | 0 | 0 | 30396 |
| ISHARES TR | EAFE VALUE ETF | 464288877 | BBG001SNYBH6 | 963039 | 20990 | SH |  | SOLE |  | 0 | 0 | 20990 |
| ISHARES TR | INTL DIV GRWTH | 46435G524 | BBG00CX80QM7 | 1928574 | 33465 | SH |  | SOLE |  | 0 | 0 | 33465 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 | BBG004FPV022 | 4183455 | 28668 | SH |  | SOLE |  | 0 | 0 | 28668 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 1071450 | 10154 | SH |  | SOLE |  | 0 | 0 | 10154 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 855466 | 8121 | SH |  | SOLE |  | 0 | 0 | 8121 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 603460 | 3461 | SH |  | SOLE |  | 0 | 0 | 3461 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 242442 | 4144 | SH |  | SOLE |  | 0 | 0 | 4144 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 621281 | 4283 | SH |  | SOLE |  | 0 | 0 | 4283 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 387884 | 3720 | SH |  | SOLE |  | 0 | 0 | 3720 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 | BBG00GP26NW0 | 282884 | 5643 | SH |  | SOLE |  | 0 | 0 | 5643 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 968895 | 15139 | SH |  | SOLE |  | 0 | 0 | 15139 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1191757 | 8887 | SH |  | SOLE |  | 0 | 0 | 8887 |
| LAUDER ESTEE COS INC | CL A | 518439104 | BBG001S8L5H6 | 688338 | 2774 | SH |  | SOLE |  | 0 | 0 | 2774 |
| LILLY ELI  CO | COM | 532457108 | BBG001S5STL8 | 756191 | 2067 | SH |  | SOLE |  | 0 | 0 | 2067 |
| LINDE PLC | SHS | G5494J103 | BBG00GVR8YR8 | 867714 | 2660 | SH |  | SOLE |  | 0 | 0 | 2660 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 376057 | 773 | SH |  | SOLE |  | 0 | 0 | 773 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 222551 | 1117 | SH |  | SOLE |  | 0 | 0 | 1117 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 285834 | 822 | SH |  | SOLE |  | 0 | 0 | 822 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 229535 | 871 | SH |  | SOLE |  | 0 | 0 | 871 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 1546275 | 4122 | SH |  | SOLE |  | 0 | 0 | 4122 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1508773 | 13599 | SH |  | SOLE |  | 0 | 0 | 13599 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 663434 | 5513 | SH |  | SOLE |  | 0 | 0 | 5513 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 740001 | 10225 | SH |  | SOLE |  | 0 | 0 | 10225 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1532194 | 6389 | SH |  | SOLE |  | 0 | 0 | 6389 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 887294 | 3009 | SH |  | SOLE |  | 0 | 0 | 3009 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 371769 | 4447 | SH |  | SOLE |  | 0 | 0 | 4447 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1454559 | 9953 | SH |  | SOLE |  | 0 | 0 | 9953 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 342082 | 4185 | SH |  | SOLE |  | 0 | 0 | 4185 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 698607 | 5007 | SH |  | SOLE |  | 0 | 0 | 5007 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 416982 | 3608 | SH |  | SOLE |  | 0 | 0 | 3608 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 457517 | 6424 | SH |  | SOLE |  | 0 | 0 | 6424 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1516188 | 29590 | SH |  | SOLE |  | 0 | 0 | 29590 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 739325 | 7103 | SH |  | SOLE |  | 0 | 0 | 7103 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 | BBG002N12C17 | 317132 | 3505 | SH |  | SOLE |  | 0 | 0 | 3505 |
| PLANET LABS PBC | COM CL A | 72703X106 | BBG00ZCV3Q27 | 48581 | 11168 | SH |  | SOLE |  | 0 | 0 | 11168 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1453235 | 9589 | SH |  | SOLE |  | 0 | 0 | 9589 |
| RESEARCH SOLUTIONS INC | COM | 761025105 | BBG001T30MS0 | 99940 | 52052 | SH |  | SOLE |  | 0 | 0 | 52052 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 426400 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 845394 | 6376 | SH |  | SOLE |  | 0 | 0 | 6376 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 687423 | 8256 | SH |  | SOLE |  | 0 | 0 | 8256 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 | BBG001T9F777 | 11023274 | 212846 | SH |  | SOLE |  | 0 | 0 | 212846 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 | BBG001TC9HP5 | 1114570 | 19547 | SH |  | SOLE |  | 0 | 0 | 19547 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 661986 | 1731 | SH |  | SOLE |  | 0 | 0 | 1731 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 949276 | 10378 | SH |  | SOLE |  | 0 | 0 | 10378 |
| SPDR SER TR | PORTFLI TIPS ETF | 78464A656 | BBG001STKCZ6 | 7680801 | 298168 | SH |  | SOLE |  | 0 | 0 | 298168 |
| SPDR SER TR | PORTFOLIO S | 78468R853 | BBG004T58LZ5 | 1240444 | 33553 | SH |  | SOLE |  | 0 | 0 | 33553 |
| SPDR SER TR | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 13182499 | 260164 | SH |  | SOLE |  | 0 | 0 | 260164 |
| SPDR SER TR | PRTFLO S VL | 78464A508 | BBG001SG4284 | 13248781 | 340673 | SH |  | SOLE |  | 0 | 0 | 340673 |
| SPDR SER TR | S 600 SMCP GRW | 78464A201 | BBG001SG4275 | 1595312 | 22084 | SH |  | SOLE |  | 0 | 0 | 22084 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 | BBG001SG3JV2 | 1922649 | 25905 | SH |  | SOLE |  | 0 | 0 | 25905 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 | BBG004DF1DW8 | 1350077 | 33009 | SH |  | SOLE |  | 0 | 0 | 33009 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 | BBG0084H8485 | 552752 | 13805 | SH |  | SOLE |  | 0 | 0 | 13805 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 1253869 | 12640 | SH |  | SOLE |  | 0 | 0 | 12640 |
| TE CONNECTIVITY LTD | SHS | H84989104 | BBG001STLRP3 | 893846 | 7786 | SH |  | SOLE |  | 0 | 0 | 7786 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 304501 | 2472 | SH |  | SOLE |  | 0 | 0 | 2472 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1026270 | 1864 | SH |  | SOLE |  | 0 | 0 | 1864 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 989618 | 12432 | SH |  | SOLE |  | 0 | 0 | 12432 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 555658 | 22469 | SH |  | SOLE |  | 0 | 0 | 22469 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1035644 | 5001 | SH |  | SOLE |  | 0 | 0 | 5001 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 1986089 | 26383 | SH |  | SOLE |  | 0 | 0 | 26383 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | BBG00ZXBYMT4 | 1868223 | 38127 | SH |  | SOLE |  | 0 | 0 | 38127 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 1309240 | 6143 | SH |  | SOLE |  | 0 | 0 | 6143 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 3943090 | 29156 | SH |  | SOLE |  | 0 | 0 | 29156 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 10692090 | 129633 | SH |  | SOLE |  | 0 | 0 | 129633 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 572569 | 4079 | SH |  | SOLE |  | 0 | 0 | 4079 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 579819 | 11564 | SH |  | SOLE |  | 0 | 0 | 11564 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 2202984 | 56516 | SH |  | SOLE |  | 0 | 0 | 56516 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 4098348 | 79241 | SH |  | SOLE |  | 0 | 0 | 79241 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 428220 | 10203 | SH |  | SOLE |  | 0 | 0 | 10203 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | BBG00C863MQ1 | 10383771 | 149128 | SH |  | SOLE |  | 0 | 0 | 149128 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 246804 | 6264 | SH |  | SOLE |  | 0 | 0 | 6264 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 2333715 | 11233 | SH |  | SOLE |  | 0 | 0 | 11233 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1358656 | 9582 | SH |  | SOLE |  | 0 | 0 | 9582 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 217436 | 1386 | SH |  | SOLE |  | 0 | 0 | 1386 |
| WYNN RESORTS LTD | COM | 983134107 | BBG001SJZ2V8 | 840617 | 10193 | SH |  | SOLE |  | 0 | 0 | 10193 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 443021 | 3023 | SH |  | SOLE |  | 0 | 0 | 3023 |

---