# EDGAR Filing Document

**Accession Number:** 0001834802
**File Stem:** 0001834802-25-000002
**Filing Date:** 2025-7
**Character Count:** 17530
**Document Hash:** 446883b5c7f05fd8a10ea28a36a3e737
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001834802-25-000002.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001834802-25-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**EFFECTIVENESS DATE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wealth Advisory Solutions, LLC
- **CENTRAL INDEX KEY:** 0001834802

**ORGANIZATION NAME:**
- **EIN:** 821659672
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20423
- **FILM NUMBER:** 251122284

**BUSINESS ADDRESS:**
- **STREET 1:** 8910 PURDUE ROAD STE 240
- **CITY:** INDIIANAPOLIS
- **STATE:** IN
- **ZIP:** 46268
- **BUSINESS PHONE:** 3175590687

**MAIL ADDRESS:**
- **STREET 1:** 8910 PURDUE ROAD STE 240
- **CITY:** INDIIANAPOLIS
- **STATE:** IN
- **ZIP:** 46268

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Wealth Advisory Solutions LLC<br>**Address:** 8910 PURDUE ROAD STE 240<br>INDIIANAPOLIS, IN 46268

**Form 13F File Number:** 028-20423

**CRD Number (if applicable):** 000288903

**SEC File Number (if applicable):** 801-110859

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:** Aaron Larson<br>**Title:** Compliance Consultant<br>**Phone:** 262-661-2793

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

Aaron Larson  Waukesha, WI  06-30-2025<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:** 140

**Form 13F Information Table Value Total:** $394778382

      (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 |  | 363633 | 2719 | SH |  | SOLE |  | 0 | 0 | 2719 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4261574 | 14258 | SH |  | SOLE |  | 0 | 0 | 14258 |
| ADOBE INC | COM | 00724F101 |  | 2627302 | 6791 | SH |  | SOLE |  | 0 | 0 | 6791 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 7516617 | 26649 | SH |  | SOLE |  | 0 | 0 | 26649 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1526504 | 8662 | SH |  | SOLE |  | 0 | 0 | 8662 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 627783 | 3539 | SH |  | SOLE |  | 0 | 0 | 3539 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 561890 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| AMAZON COM INC | COM | 023135106 |  | 12914623 | 58866 | SH |  | SOLE |  | 0 | 0 | 58866 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 244658 | 767 | SH |  | SOLE |  | 0 | 0 | 767 |
| APPLE INC | COM | 037833100 |  | 11126376 | 54230 | SH |  | SOLE |  | 0 | 0 | 54230 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 3772944 | 4708 | SH |  | SOLE |  | 0 | 0 | 4708 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 264299 | 857 | SH |  | SOLE |  | 0 | 0 | 857 |
| BANK AMERICA CORP | COM | 060505104 |  | 242575 | 5126 | SH |  | SOLE |  | 0 | 0 | 5126 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1935793 | 3985 | SH |  | SOLE |  | 0 | 0 | 3985 |
| BLACKSTONE INC | COM | 09260D107 |  | 207767 | 1389 | SH |  | SOLE |  | 0 | 0 | 1389 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 315837 | 6823 | SH |  | SOLE |  | 0 | 0 | 6823 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 3881222 | 15938 | SH |  | SOLE |  | 0 | 0 | 15938 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1390948 | 9714 | SH |  | SOLE |  | 0 | 0 | 9714 |
| CHUBB LIMITED | COM | H1467J104 |  | 5226839 | 18041 | SH |  | SOLE |  | 0 | 0 | 18041 |
| CINTAS CORP | COM | 172908105 |  | 239585 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| COCA COLA CO | COM | 191216100 |  | 222438 | 3144 | SH |  | SOLE |  | 0 | 0 | 3144 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 |  | 4401872 | 353564 | SH |  | SOLE |  | 0 | 0 | 353564 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 317562 | 3539 | SH |  | SOLE |  | 0 | 0 | 3539 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 231646 | 234 | SH |  | SOLE |  | 0 | 0 | 234 |
| COTERRA ENERGY INC | COM | 127097103 |  | 342173 | 13482 | SH |  | SOLE |  | 0 | 0 | 13482 |
| CVS HEALTH CORP | COM | 126650100 |  | 317722 | 4606 | SH |  | SOLE |  | 0 | 0 | 4606 |
| DAVIS FUNDAMENTAL ETF TR | SELECT WRLD WI | 23908L306 |  | 212632 | 5131 | SH |  | SOLE |  | 0 | 0 | 5131 |
| DEERE  CO | COM | 244199105 |  | 258313 | 508 | SH |  | SOLE |  | 0 | 0 | 508 |
| DISNEY WALT CO | COM | 254687106 |  | 735875 | 5934 | SH |  | SOLE |  | 0 | 0 | 5934 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 352787 | 907 | SH |  | SOLE |  | 0 | 0 | 907 |
| ELI LILLY  CO | COM | 532457108 |  | 14979448 | 19216 | SH |  | SOLE |  | 0 | 0 | 19216 |
| EOG RES INC | COM | 26875P101 |  | 2199030 | 18385 | SH |  | SOLE |  | 0 | 0 | 18385 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 329437 | 3056 | SH |  | SOLE |  | 0 | 0 | 3056 |
| FIRST TR EXCHANGE-TRADED FD | LUNT US FACTOR | 33733E872 |  | 387271 | 11393 | SH |  | SOLE |  | 0 | 0 | 11393 |
| FORD MTR CO | COM | 345370860 |  | 230356 | 21231 | SH |  | SOLE |  | 0 | 0 | 21231 |
| GENERAC HLDGS INC | COM | 368736104 |  | 2746768 | 19180 | SH |  | SOLE |  | 0 | 0 | 19180 |
| GLOBAL X FDS | GLOBX SUPDV US | 37950E291 |  | 434666 | 24725 | SH |  | SOLE |  | 0 | 0 | 24725 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1723371 | 2435 | SH |  | SOLE |  | 0 | 0 | 2435 |
| HOME DEPOT INC | COM | 437076102 |  | 4884745 | 13323 | SH |  | SOLE |  | 0 | 0 | 13323 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 261591 | 1058 | SH |  | SOLE |  | 0 | 0 | 1058 |
| INNOVATOR ETFS TRUST | DEFINED WLT SHLD | 45783Y855 |  | 895192 | 27905 | SH |  | SOLE |  | 0 | 0 | 27905 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N742 |  | 409047 | 15427 | SH |  | SOLE |  | 0 | 0 | 15427 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 796997 | 71608 | SH |  | SOLE |  | 0 | 0 | 71608 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 HY | 46138J817 |  | 1277710 | 55384 | SH |  | SOLE |  | 0 | 0 | 55384 |
| INVESCO EXCHANGE TRADED FD T | FINL PFD ETF | 46137V621 |  | 1793071 | 127078 | SH |  | SOLE |  | 0 | 0 | 127078 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 12424837 | 68366 | SH |  | SOLE |  | 0 | 0 | 68366 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6631281 | 12021 | SH |  | SOLE |  | 0 | 0 | 12021 |
| ISHARES S GSCI COMMODITY- | UNIT BEN INT | 46428R107 |  | 660539 | 29970 | SH |  | SOLE |  | 0 | 0 | 29970 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 932181 | 11250 | SH |  | SOLE |  | 0 | 0 | 11250 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 2422141 | 47409 | SH |  | SOLE |  | 0 | 0 | 47409 |
| ISHARES TR | FALN ANGLS USD | 46435G474 |  | 1351006 | 49779 | SH |  | SOLE |  | 0 | 0 | 49779 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 929261 | 39780 | SH |  | SOLE |  | 0 | 0 | 39780 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 3972889 | 20330 | SH |  | SOLE |  | 0 | 0 | 20330 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 2297723 | 18593 | SH |  | SOLE |  | 0 | 0 | 18593 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 1441420 | 62725 | SH |  | SOLE |  | 0 | 0 | 62725 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 8617510 | 82480 | SH |  | SOLE |  | 0 | 0 | 82480 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 4063382 | 132444 | SH |  | SOLE |  | 0 | 0 | 132444 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 26214463 | 422678 | SH |  | SOLE |  | 0 | 0 | 422678 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 326671 | 3527 | SH |  | SOLE |  | 0 | 0 | 3527 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 13376795 | 149645 | SH |  | SOLE |  | 0 | 0 | 149645 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 4063055 | 18829 | SH |  | SOLE |  | 0 | 0 | 18829 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 1466095 | 9293 | SH |  | SOLE |  | 0 | 0 | 9293 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 463210 | 20716 | SH |  | SOLE |  | 0 | 0 | 20716 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 523213 | 21558 | SH |  | SOLE |  | 0 | 0 | 21558 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 2298798 | 66613 | SH |  | SOLE |  | 0 | 0 | 66613 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 7365462 | 117584 | SH |  | SOLE |  | 0 | 0 | 117584 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1560943 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 517037 | 10134 | SH |  | SOLE |  | 0 | 0 | 10134 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 1671190 | 14033 | SH |  | SOLE |  | 0 | 0 | 14033 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 234161 | 2202 | SH |  | SOLE |  | 0 | 0 | 2202 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 547925 | 10385 | SH |  | SOLE |  | 0 | 0 | 10385 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 506377 | 9502 | SH |  | SOLE |  | 0 | 0 | 9502 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1015208 | 9262 | SH |  | SOLE |  | 0 | 0 | 9262 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 224603 | 529 | SH |  | SOLE |  | 0 | 0 | 529 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 218871 | 1648 | SH |  | SOLE |  | 0 | 0 | 1648 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 242743 | 10010 | SH |  | SOLE |  | 0 | 0 | 10010 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 937743 | 6139 | SH |  | SOLE |  | 0 | 0 | 6139 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10597408 | 36554 | SH |  | SOLE |  | 0 | 0 | 36554 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 2851188 | 224150 | SH |  | SOLE |  | 0 | 0 | 224150 |
| KENVUE INC | COM | 49177J102 |  | 339882 | 16239 | SH |  | SOLE |  | 0 | 0 | 16239 |
| KROGER CO | COM | 501044101 |  | 318266 | 4437 | SH |  | SOLE |  | 0 | 0 | 4437 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 217750 | 2237 | SH |  | SOLE |  | 0 | 0 | 2237 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 1620763 | 13355 | SH |  | SOLE |  | 0 | 0 | 13355 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 218139 | 471 | SH |  | SOLE |  | 0 | 0 | 471 |
| LOWES COS INC | COM | 548661107 |  | 399366 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 4691032 | 19745 | SH |  | SOLE |  | 0 | 0 | 19745 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 4070079 | 52585 | SH |  | SOLE |  | 0 | 0 | 52585 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 354585 | 631 | SH |  | SOLE |  | 0 | 0 | 631 |
| MCDONALDS CORP | COM | 580135101 |  | 422770 | 1447 | SH |  | SOLE |  | 0 | 0 | 1447 |
| META PLATFORMS INC | CL A | 30303M102 |  | 202975 | 275 | SH |  | SOLE |  | 0 | 0 | 275 |
| MICROSOFT CORP | COM | 594918104 |  | 5722702 | 11505 | SH |  | SOLE |  | 0 | 0 | 11505 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 2959371 | 42877 | SH |  | SOLE |  | 0 | 0 | 42877 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 2202549 | 274632 | SH |  | SOLE |  | 0 | 0 | 274632 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1415748 | 8961 | SH |  | SOLE |  | 0 | 0 | 8961 |
| PEPSICO INC | COM | 713448108 |  | 9726066 | 73660 | SH |  | SOLE |  | 0 | 0 | 73660 |
| PFIZER INC | COM | 717081103 |  | 666783 | 27508 | SH |  | SOLE |  | 0 | 0 | 27508 |
| PHILLIPS 66 | COM | 718546104 |  | 728804 | 6109 | SH |  | SOLE |  | 0 | 0 | 6109 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 398219 | 3961 | SH |  | SOLE |  | 0 | 0 | 3961 |
| PPG INDS INC | COM | 693506107 |  | 273000 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 419330 | 2632 | SH |  | SOLE |  | 0 | 0 | 2632 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 911809 | 18238 | SH |  | SOLE |  | 0 | 0 | 18238 |
| S GLOBAL INC | COM | 78409V104 |  | 217243 | 412 | SH |  | SOLE |  | 0 | 0 | 412 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 543001 | 10369 | SH |  | SOLE |  | 0 | 0 | 10369 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 533929 | 3961 | SH |  | SOLE |  | 0 | 0 | 3961 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1556393 | 6146 | SH |  | SOLE |  | 0 | 0 | 6146 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 388285 | 9374 | SH |  | SOLE |  | 0 | 0 | 9374 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1701119 | 20058 | SH |  | SOLE |  | 0 | 0 | 20058 |
| SNOWFLAKE INC | CL A | 833445109 |  | 4830325 | 21586 | SH |  | SOLE |  | 0 | 0 | 21586 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3599550 | 11808 | SH |  | SOLE |  | 0 | 0 | 11808 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 37555511 | 60784 | SH |  | SOLE |  | 0 | 0 | 60784 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 566480 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 |  | 1507281 | 58878 | SH |  | SOLE |  | 0 | 0 | 58878 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 3650247 | 108703 | SH |  | SOLE |  | 0 | 0 | 108703 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 22454979 | 308914 | SH |  | SOLE |  | 0 | 0 | 308914 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 3140226 | 73714 | SH |  | SOLE |  | 0 | 0 | 73714 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 472440 | 4857 | SH |  | SOLE |  | 0 | 0 | 4857 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 850043 | 10250 | SH |  | SOLE |  | 0 | 0 | 10250 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 2641528 | 35272 | SH |  | SOLE |  | 0 | 0 | 35272 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 3904706 | 71804 | SH |  | SOLE |  | 0 | 0 | 71804 |
| SPDR SERIES TRUST | PORTFLI TIPS ETF | 78464A656 |  | 977485 | 37509 | SH |  | SOLE |  | 0 | 0 | 37509 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 |  | 1835360 | 43246 | SH |  | SOLE |  | 0 | 0 | 43246 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 373240 | 7131 | SH |  | SOLE |  | 0 | 0 | 7131 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 355026 | 3870 | SH |  | SOLE |  | 0 | 0 | 3870 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 350726 | 2584 | SH |  | SOLE |  | 0 | 0 | 2584 |
| TESLA INC | COM | 88160R101 |  | 252540 | 795 | SH |  | SOLE |  | 0 | 0 | 795 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 279571 | 1390 | SH |  | SOLE |  | 0 | 0 | 1390 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 4451343 | 47710 | SH |  | SOLE |  | 0 | 0 | 47710 |
| UNION PAC CORP | COM | 907818108 |  | 5007921 | 21766 | SH |  | SOLE |  | 0 | 0 | 21766 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 509253 | 5045 | SH |  | SOLE |  | 0 | 0 | 5045 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3662542 | 27247 | SH |  | SOLE |  | 0 | 0 | 27247 |
| VANECK ETF TRUST | LONG/FLAT TREND | 92189F148 |  | 282539 | 5722 | SH |  | SOLE |  | 0 | 0 | 5722 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2749583 | 37343 | SH |  | SOLE |  | 0 | 0 | 37343 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 483769 | 6147 | SH |  | SOLE |  | 0 | 0 | 6147 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 1206172 | 6259 | SH |  | SOLE |  | 0 | 0 | 6259 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3879450 | 21950 | SH |  | SOLE |  | 0 | 0 | 21950 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 3741710 | 75651 | SH |  | SOLE |  | 0 | 0 | 75651 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1276967 | 22399 | SH |  | SOLE |  | 0 | 0 | 22399 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 276463 | 6389 | SH |  | SOLE |  | 0 | 0 | 6389 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 8576987 | 130906 | SH |  | SOLE |  | 0 | 0 | 130906 |
| ZOETIS INC | CL A | 98978V103 |  | 2898643 | 18587 | SH |  | SOLE |  | 0 | 0 | 18587 |

---