# EDGAR Filing Document

**Accession Number:** 0001582151
**File Stem:** 0001582151-25-000008
**Filing Date:** 2025-10
**Character Count:** 46494
**Document Hash:** f528ab0f814342aafef6997db0bed183
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001582151-25-000008.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001582151-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**EFFECTIVENESS DATE**: 20251030

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NAPLES GLOBAL ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0001582151

**ORGANIZATION NAME:**
- **EIN:** 452589778
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15686
- **FILM NUMBER:** 251433805

**BUSINESS ADDRESS:**
- **STREET 1:** 720 FIFTH AVENUE SOUTH
- **STREET 2:** SUITE 200
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102
- **BUSINESS PHONE:** 2397767900

**MAIL ADDRESS:**
- **STREET 1:** 720 FIFTH AVENUE SOUTH
- **STREET 2:** SUITE 200
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** NAPLES GLOBAL ADVISORS LLC<br>**Address:** 720 FIFTH AVENUE SOUTH<br>SUITE 200<br>NAPLES, FL 34102

**Form 13F File Number:** 028-15686

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:** AUSTIN HERZER<br>**Title:** Investment Analyst<br>**Phone:** 2397767900

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

AUSTIN HERZER  Naples, FL  10-30-2025<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:** 436

**Form 13F Information Table Value Total:** $1284129458

      (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 |
| 3M CO | COM | 88579Y101 |  | 2207904 | 14228 | SH |  | SOLE |  | 14228 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 3982713 | 29735 | SH |  | SOLE |  | 29735 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 11192041 | 48337 | SH |  | SOLE |  | 48337 | 0 | 0 |
| ABM INDS INC | COM | 000957100 |  | 563749 | 12224 | SH |  | SOLE |  | 12224 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 8074705 | 32744 | SH |  | SOLE |  | 32744 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7192496 | 44456 | SH |  | SOLE |  | 44456 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 1936990 | 17341 | SH |  | SOLE |  | 17341 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2701137 | 21005 | SH |  | SOLE |  | 21005 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 3507572 | 12861 | SH |  | SOLE |  | 12861 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 1260953 | 15476 | SH |  | SOLE |  | 15476 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 4421998 | 52289 | SH |  | SOLE |  | 52289 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 4099158 | 22935 | SH |  | SOLE |  | 22935 | 0 | 0 |
| ALICO INC | COM | 016230104 |  | 1768634 | 50958 | SH |  | SOLE |  | 50958 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11365160 | 46751 | SH |  | SOLE |  | 46751 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6357915 | 26105 | SH |  | SOLE |  | 26105 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7619606 | 34702 | SH |  | SOLE |  | 34702 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7595835 | 22868 | SH |  | SOLE |  | 22868 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 9966268 | 35316 | SH |  | SOLE |  | 35316 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 9871214 | 40176 | SH |  | SOLE |  | 40176 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 47794026 | 187700 | SH |  | SOLE |  | 187700 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 7507407 | 36668 | SH |  | SOLE |  | 36668 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1225956 | 20522 | SH |  | SOLE |  | 20522 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 1395534 | 68375 | SH |  | SOLE |  | 68375 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 4068678 | 53033 | SH |  | SOLE |  | 53033 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 287004 | 10163 | SH |  | SOLE |  | 10163 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 1046392 | 27675 | SH |  | SOLE |  | 27675 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1206528 | 23387 | SH |  | SOLE |  | 23387 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 2305371 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 761676 | 14941 | SH |  | SOLE |  | 14941 | 0 | 0 |
| BAR HBR BANKSHARES | COM | 066849100 |  | 1155775 | 37944 | SH |  | SOLE |  | 37944 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 814146 | 14635 | SH |  | SOLE |  | 14635 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 7486647 | 43820 | SH |  | SOLE |  | 43820 | 0 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 360674 | 19475 | SH |  | SOLE |  | 19475 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3682093 | 81643 | SH |  | SOLE |  | 81643 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 39509892 | 119760 | SH |  | SOLE |  | 119760 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 6860408 | 37210 | SH |  | SOLE |  | 37210 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 6247071 | 77487 | SH |  | SOLE |  | 77487 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1598889 | 10187 | SH |  | SOLE |  | 10187 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 688043 | 11525 | SH |  | SOLE |  | 11525 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 751712 | 19374 | SH |  | SOLE |  | 19374 | 0 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 1075808 | 19989 | SH |  | SOLE |  | 19989 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 4800872 | 30916 | SH |  | SOLE |  | 30916 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 926074 | 10568 | SH |  | SOLE |  | 10568 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 9661525 | 141209 | SH |  | SOLE |  | 141209 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1990383 | 29809 | SH |  | SOLE |  | 29809 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 1211223 | 13397 | SH |  | SOLE |  | 13397 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 454852 | 14476 | SH |  | SOLE |  | 14476 | 0 | 0 |
| COMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 204429104 |  | 424806 | 35050 | SH |  | SOLE |  | 35050 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 1021816 | 55806 | SH |  | SOLE |  | 55806 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1717755 | 18160 | SH |  | SOLE |  | 18160 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 18663483 | 227520 | SH |  | SOLE |  | 227520 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 5963210 | 88174 | SH |  | SOLE |  | 88174 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 2236961 | 23183 | SH |  | SOLE |  | 23183 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 3645176 | 102652 | SH |  | SOLE |  | 102652 | 0 | 0 |
| CTO RLTY GROWTH INC NEW | COM | 22948Q101 |  | 823802 | 50540 | SH |  | SOLE |  | 50540 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 1479415 | 36385 | SH |  | SOLE |  | 36385 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 2214498 | 23205 | SH |  | SOLE |  | 23205 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 7120236 | 41186 | SH |  | SOLE |  | 41186 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 740483 | 23485 | SH |  | SOLE |  | 23485 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 952729 | 13152 | SH |  | SOLE |  | 13152 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 552326 | 16788 | SH |  | SOLE |  | 16788 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 505885 | 11320 | SH |  | SOLE |  | 11320 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 1269232 | 18540 | SH |  | SOLE |  | 18540 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2084978 | 18209 | SH |  | SOLE |  | 18209 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 1911292 | 26410 | SH |  | SOLE |  | 26410 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 1882083 | 22994 | SH |  | SOLE |  | 22994 | 0 | 0 |
| DOUBLELINE ETF TRUST | COMMERCIAL REAL | 25861R303 |  | 1608491 | 30885 | SH |  | SOLE |  | 30885 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 3076167 | 24858 | SH |  | SOLE |  | 24858 | 0 | 0 |
| EATON VANCE TAX-MANAGED BUY- | COM | 27828Y108 |  | 2116311 | 148513 | SH |  | SOLE |  | 148513 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 9855830 | 12917 | SH |  | SOLE |  | 12917 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 482836 | 10066 | SH |  | SOLE |  | 10066 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 4792757 | 36536 | SH |  | SOLE |  | 36536 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 912418 | 18082 | SH |  | SOLE |  | 18082 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1052766 | 61350 | SH |  | SOLE |  | 61350 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 431026 | 13784 | SH |  | SOLE |  | 13784 | 0 | 0 |
| ESPEY MFG  ELECTRS CORP | COM | 296650104 |  | 535108 | 13509 | SH |  | SOLE |  | 13509 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1559546 | 12722 | SH |  | SOLE |  | 12722 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 11661081 | 103424 | SH |  | SOLE |  | 103424 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 885271 | 18052 | SH |  | SOLE |  | 18052 | 0 | 0 |
| FIRST BANCORP INC ME | COM | 31866P102 |  | 471814 | 17967 | SH |  | SOLE |  | 17967 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 1939669 | 348235 | SH |  | SOLE |  | 348235 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 443183 | 19472 | SH |  | SOLE |  | 19472 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | NEW YORK MUNI | 33739P822 |  | 429057 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | SHRT DUR MNG MUN | 33739P830 |  | 240960 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | BLOOMBERG EMMKT | 33734X754 |  | 1553751 | 54891 | SH |  | SOLE |  | 54891 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 1706643 | 28402 | SH |  | SOLE |  | 28402 | 0 | 0 |
| FLEX LNG LTD | SHS | G35947202 |  | 1862033 | 73890 | SH |  | SOLE |  | 73890 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 755203 | 26601 | SH |  | SOLE |  | 26601 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1364080 | 27054 | SH |  | SOLE |  | 27054 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 391446 | 13832 | SH |  | SOLE |  | 13832 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2687046 | 19253 | SH |  | SOLE |  | 19253 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 2496360 | 39808 | SH |  | SOLE |  | 39808 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 9865038 | 507722 | SH |  | SOLE |  | 507722 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 443125 | 10779 | SH |  | SOLE |  | 10779 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 2234244 | 21510 | SH |  | SOLE |  | 21510 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 1761883 | 40419 | SH |  | SOLE |  | 40419 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 2069174 | 60573 | SH |  | SOLE |  | 60573 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 1351103 | 71449 | SH |  | SOLE |  | 71449 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 2480345 | 71790 | SH |  | SOLE |  | 71790 | 0 | 0 |
| HOME BANCSHARES INC | COM | 436893200 |  | 1177988 | 41625 | SH |  | SOLE |  | 41625 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 13457137 | 33212 | SH |  | SOLE |  | 33212 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 |  | 547488 | 60967 | SH |  | SOLE |  | 60967 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 6836067 | 420164 | SH |  | SOLE |  | 420164 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 2438336 | 19968 | SH |  | SOLE |  | 19968 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2402020 | 14257 | SH |  | SOLE |  | 14257 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4918514 | 17432 | SH |  | SOLE |  | 17432 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | QQQ INCOME ADVAN | 46090A689 |  | 1218680 | 23160 | SH |  | SOLE |  | 23160 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 343462 | 16410 | SH |  | SOLE |  | 16410 | 0 | 0 |
| INVIVYD INC | COM | 00534A102 |  | 11000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 935801 | 14196 | SH |  | SOLE |  | 14196 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 2873969 | 42571 | SH |  | SOLE |  | 42571 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 1837999 | 42448 | SH |  | SOLE |  | 42448 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 818580 | 21667 | SH |  | SOLE |  | 21667 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 1194532 | 17546 | SH |  | SOLE |  | 17546 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 3087089 | 37383 | SH |  | SOLE |  | 37383 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 11888610 | 182173 | SH |  | SOLE |  | 182173 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 8039475 | 67655 | SH |  | SOLE |  | 67655 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 8934026 | 61339 | SH |  | SOLE |  | 61339 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 27659753 | 41326 | SH |  | SOLE |  | 41326 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 6640761 | 66242 | SH |  | SOLE |  | 66242 | 0 | 0 |
| ISHARES TR | CYBERSECURITY | 46435U135 |  | 803266 | 15350 | SH |  | SOLE |  | 15350 | 0 | 0 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 10248708 | 167682 | SH |  | SOLE |  | 167682 | 0 | 0 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 7932354 | 310342 | SH |  | SOLE |  | 310342 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2030 | 46436E726 |  | 284517 | 12845 | SH |  | SOLE |  | 12845 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 |  | 943654 | 44470 | SH |  | SOLE |  | 44470 | 0 | 0 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 475151 | 20245 | SH |  | SOLE |  | 20245 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2382426 | 44926 | SH |  | SOLE |  | 44926 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 5995336 | 110840 | SH |  | SOLE |  | 110840 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 2650023 | 27851 | SH |  | SOLE |  | 27851 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2423419 | 25955 | SH |  | SOLE |  | 25955 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 5959926 | 55967 | SH |  | SOLE |  | 55967 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 10883116 | 53456 | SH |  | SOLE |  | 53456 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2629243 | 27232 | SH |  | SOLE |  | 27232 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 3175638 | 29740 | SH |  | SOLE |  | 29740 | 0 | 0 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 1042664 | 14540 | SH |  | SOLE |  | 14540 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 1424456 | 27778 | SH |  | SOLE |  | 27778 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 3994755 | 39462 | SH |  | SOLE |  | 39462 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 9238945 | 49827 | SH |  | SOLE |  | 49827 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 21739594 | 68920 | SH |  | SOLE |  | 68920 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 1011810 | 12336 | SH |  | SOLE |  | 12336 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2254480 | 17960 | SH |  | SOLE |  | 17960 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 1661955 | 76062 | SH |  | SOLE |  | 76062 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2169537 | 76635 | SH |  | SOLE |  | 76635 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2466056 | 36583 | SH |  | SOLE |  | 36583 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 10751509 | 80144 | SH |  | SOLE |  | 80144 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 1299424 | 22373 | SH |  | SOLE |  | 22373 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 10437943 | 55239 | SH |  | SOLE |  | 55239 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 2498824 | 61959 | SH |  | SOLE |  | 61959 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 7246237 | 14515 | SH |  | SOLE |  | 14515 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 1145169 | 10441 | SH |  | SOLE |  | 10441 | 0 | 0 |
| MAGIC SOFTWARE ENTERPRISES L | ORD | 559166103 |  | 2085392 | 102175 | SH |  | SOLE |  | 102175 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 5602755 | 18437 | SH |  | SOLE |  | 18437 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5632885 | 58734 | SH |  | SOLE |  | 58734 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 9140767 | 107918 | SH |  | SOLE |  | 107918 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8906186 | 12127 | SH |  | SOLE |  | 12127 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 4700898 | 73200 | SH |  | SOLE |  | 73200 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6741416 | 40291 | SH |  | SOLE |  | 40291 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 38494572 | 74321 | SH |  | SOLE |  | 74321 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 931733 | 10534 | SH |  | SOLE |  | 10534 | 0 | 0 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 83376 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 7611626 | 100830 | SH |  | SOLE |  | 100830 | 0 | 0 |
| NORTHWEST BANCSHARES INC MD | COM | 667340103 |  | 366744 | 29600 | SH |  | SOLE |  | 29600 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 1750388 | 29865 | SH |  | SOLE |  | 29865 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 3372712 | 26300 | SH |  | SOLE |  | 26300 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1405383 | 25327 | SH |  | SOLE |  | 25327 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 782651 | 68306 | SH |  | SOLE |  | 68306 | 0 | 0 |
| NUVEEN MUN VALUE FD INC | COM | 670928100 |  | 378525 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 11705812 | 62736 | SH |  | SOLE |  | 62736 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 1898577 | 44704 | SH |  | SOLE |  | 44704 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1315867 | 16015 | SH |  | SOLE |  | 16015 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 1033873 | 27658 | SH |  | SOLE |  | 27658 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 14790570 | 52591 | SH |  | SOLE |  | 52591 | 0 | 0 |
| ORIX CORP | SPONSORED ADR | 686330101 |  | 2456461 | 93265 | SH |  | SOLE |  | 93265 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 9386562 | 42833 | SH |  | SOLE |  | 42833 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 7849006 | 61920 | SH |  | SOLE |  | 61920 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3783819 | 26943 | SH |  | SOLE |  | 26943 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2822299 | 110765 | SH |  | SOLE |  | 110765 | 0 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 1287826 | 12790 | SH |  | SOLE |  | 12790 | 0 | 0 |
| PIMCO ETF TR | SR LN ACTIVE ETF | 72201R627 |  | 703490 | 13775 | SH |  | SOLE |  | 13775 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 984736 | 10983 | SH |  | SOLE |  | 10983 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 249076 | 14600 | SH |  | SOLE |  | 14600 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 7274932 | 47347 | SH |  | SOLE |  | 47347 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1720883 | 16588 | SH |  | SOLE |  | 16588 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 6259049 | 37624 | SH |  | SOLE |  | 37624 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 1249548 | 20555 | SH |  | SOLE |  | 20555 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 6991234 | 105912 | SH |  | SOLE |  | 105912 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 2115357 | 17945 | SH |  | SOLE |  | 17945 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 6869958 | 41056 | SH |  | SOLE |  | 41056 | 0 | 0 |
| SAFETY INS GROUP INC | COM | 78648T100 |  | 1437340 | 20333 | SH |  | SOLE |  | 20333 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 4334951 | 18261 | SH |  | SOLE |  | 18261 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 550116 | 11655 | SH |  | SOLE |  | 11655 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 8355067 | 31268 | SH |  | SOLE |  | 31268 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 6774188 | 70956 | SH |  | SOLE |  | 70956 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 15120932 | 453130 | SH |  | SOLE |  | 453130 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 23218334 | 997351 | SH |  | SOLE |  | 997351 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4136760 | 160901 | SH |  | SOLE |  | 160901 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1910897 | 69996 | SH |  | SOLE |  | 69996 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 345394 | 10824 | SH |  | SOLE |  | 10824 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 3970597 | 150744 | SH |  | SOLE |  | 150744 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1129196 | 38097 | SH |  | SOLE |  | 38097 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1507336 | 54026 | SH |  | SOLE |  | 54026 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 3761017 | 15888 | SH |  | SOLE |  | 15888 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 2849877 | 24076 | SH |  | SOLE |  | 24076 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 201258 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 |  | 202932 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 203155 | 2648 | SH |  | SOLE |  | 2648 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 203643 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 203998 | 4358 | SH |  | SOLE |  | 4358 | 0 | 0 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 1700892 | 17940 | SH |  | SOLE |  | 17940 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 210060 | 2551 | SH |  | SOLE |  | 2551 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 210380 | 1124 | SH |  | SOLE |  | 1124 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 211696 | 6695 | SH |  | SOLE |  | 6695 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 215237 | 1068 | SH |  | SOLE |  | 1068 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 216784 | 317 | SH |  | SOLE |  | 317 | 0 | 0 |
| SNDL INC | COM | 83307B101 |  | 26800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 217452 | 1643 | SH |  | SOLE |  | 1643 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 217493 | 2379 | SH |  | SOLE |  | 2379 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 220660 | 850 | SH |  | SOLE |  | 850 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 2529144 | 58694 | SH |  | SOLE |  | 58694 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 221329 | 2687 | SH |  | SOLE |  | 2687 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 222696 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 222911 | 3644 | SH |  | SOLE |  | 3644 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 7073580 | 74639 | SH |  | SOLE |  | 74639 | 0 | 0 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 225959 | 3540 | SH |  | SOLE |  | 3540 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 226715 | 2471 | SH |  | SOLE |  | 2471 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 230945 | 376 | SH |  | SOLE |  | 376 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 233157 | 1388 | SH |  | SOLE |  | 1388 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 235570 | 3741 | SH |  | SOLE |  | 3741 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 236890 | 5170 | SH |  | SOLE |  | 5170 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 237142 | 562 | SH |  | SOLE |  | 562 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 237292 | 1394 | SH |  | SOLE |  | 1394 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 237810 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| SPDR INDEX SHS FDS | S GBLINF ETF | 78463X855 |  | 2984716 | 42890 | SH |  | SOLE |  | 42890 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 237906 | 1184 | SH |  | SOLE |  | 1184 | 0 | 0 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 238067 | 2701 | SH |  | SOLE |  | 2701 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG INVT | 78468R200 |  | 238085 | 7715 | SH |  | SOLE |  | 7715 | 0 | 0 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 242456 | 3228 | SH |  | SOLE |  | 3228 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 242754 | 2461 | SH |  | SOLE |  | 2461 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 244207 | 3272 | SH |  | SOLE |  | 3272 | 0 | 0 |
| SPDR SERIES TRUST | NUVEEN ICE HIGH | 78464A284 |  | 363430 | 14578 | SH |  | SOLE |  | 14578 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 246662 | 503 | SH |  | SOLE |  | 503 | 0 | 0 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 |  | 247289 | 9690 | SH |  | SOLE |  | 9690 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 248725 | 3485 | SH |  | SOLE |  | 3485 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 257125 | 6666 | SH |  | SOLE |  | 6666 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 2822842 | 49359 | SH |  | SOLE |  | 49359 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 9697316 | 123785 | SH |  | SOLE |  | 123785 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 2070319 | 44696 | SH |  | SOLE |  | 44696 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 351062 | 11590 | SH |  | SOLE |  | 11590 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 257182 | 7968 | SH |  | SOLE |  | 7968 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 261720 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| SOUTHSIDE BANCSHARES INC | COM | 84470P109 |  | 265324 | 9392 | SH |  | SOLE |  | 9392 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 268875 | 8384 | SH |  | SOLE |  | 8384 | 0 | 0 |
| FIRST INTST BANCSYSTEM INC | COM | 32055Y201 |  | 269621 | 8460 | SH |  | SOLE |  | 8460 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 276948 | 1965 | SH |  | SOLE |  | 1965 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 277543 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 278794 | 7710 | SH |  | SOLE |  | 7710 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 279551 | 3497 | SH |  | SOLE |  | 3497 | 0 | 0 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 1079001 | 25950 | SH |  | SOLE |  | 25950 | 0 | 0 |
| SSGA ACTIVE ETF TR | ULT SHT TRM BD | 78467V707 |  | 1374305 | 33775 | SH |  | SOLE |  | 33775 | 0 | 0 |
| STAG INDL INC | COM | 85254J102 |  | 550432 | 15585 | SH |  | SOLE |  | 15585 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 282057 | 1177 | SH |  | SOLE |  | 1177 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 1004006 | 13507 | SH |  | SOLE |  | 13507 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 288528 | 2121 | SH |  | SOLE |  | 2121 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 4442515 | 52512 | SH |  | SOLE |  | 52512 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 288781 | 834 | SH |  | SOLE |  | 834 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 288886 | 5655 | SH |  | SOLE |  | 5655 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 289488 | 5193 | SH |  | SOLE |  | 5193 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 296544 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 724389 | 25633 | SH |  | SOLE |  | 25633 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 301923 | 4149 | SH |  | SOLE |  | 4149 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST S 500 | 33739Q705 |  | 301952 | 6124 | SH |  | SOLE |  | 6124 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 311836 | 6359 | SH |  | SOLE |  | 6359 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 313805 | 654 | SH |  | SOLE |  | 654 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 317833 | 4443 | SH |  | SOLE |  | 4443 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 322819 | 9622 | SH |  | SOLE |  | 9622 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 322939 | 3231 | SH |  | SOLE |  | 3231 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 325780 | 354 | SH |  | SOLE |  | 354 | 0 | 0 |
| FIDELITY COVINGTON TRUST | DIVID ETF RISI | 316092832 |  | 326038 | 5562 | SH |  | SOLE |  | 5562 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 328777 | 2115 | SH |  | SOLE |  | 2115 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 28392011 | 101368 | SH |  | SOLE |  | 101368 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 337458 | 1735 | SH |  | SOLE |  | 1735 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 2681792 | 29897 | SH |  | SOLE |  | 29897 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 337512 | 2370 | SH |  | SOLE |  | 2370 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 337880 | 7249 | SH |  | SOLE |  | 7249 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 3773502 | 17189 | SH |  | SOLE |  | 17189 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 367995 | 2515 | SH |  | SOLE |  | 2515 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 374627 | 8755 | SH |  | SOLE |  | 8755 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 377021 | 2358 | SH |  | SOLE |  | 2358 | 0 | 0 |
| TENARIS S A | SPONSORED ADS | 88031M109 |  | 533331 | 14910 | SH |  | SOLE |  | 14910 | 0 | 0 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 377520 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 377636 | 2929 | SH |  | SOLE |  | 2929 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 388242 | 7207 | SH |  | SOLE |  | 7207 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 389464 | 4358 | SH |  | SOLE |  | 4358 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 4997957 | 27203 | SH |  | SOLE |  | 27203 | 0 | 0 |
| DOUBLELINE ETF TRUST | ASSET BACKED SEC | 25861R808 |  | 407289 | 7975 | SH |  | SOLE |  | 7975 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 409636 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 427116 | 6570 | SH |  | SOLE |  | 6570 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 427613 | 5625 | SH |  | SOLE |  | 5625 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 434701 | 8350 | SH |  | SOLE |  | 8350 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 441376 | 2223 | SH |  | SOLE |  | 2223 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 442902 | 3617 | SH |  | SOLE |  | 3617 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 445956 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 458681 | 2974 | SH |  | SOLE |  | 2974 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 462500 | 2384 | SH |  | SOLE |  | 2384 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 467204 | 1782 | SH |  | SOLE |  | 1782 | 0 | 0 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 |  | 467689 | 9659 | SH |  | SOLE |  | 9659 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 470558 | 7325 | SH |  | SOLE |  | 7325 | 0 | 0 |
| FLEXSHARES TR | QLT DIV DEF IDX | 33939L845 |  | 472228 | 5904 | SH |  | SOLE |  | 5904 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 766187 | 16758 | SH |  | SOLE |  | 16758 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 476048 | 1396 | SH |  | SOLE |  | 1396 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 476748 | 1066 | SH |  | SOLE |  | 1066 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1560988 | 28747 | SH |  | SOLE |  | 28747 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 479221 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 916085 | 27251 | SH |  | SOLE |  | 27251 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 3043457 | 51340 | SH |  | SOLE |  | 51340 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 481787 | 6288 | SH |  | SOLE |  | 6288 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 484499 | 6914 | SH |  | SOLE |  | 6914 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3517240 | 42107 | SH |  | SOLE |  | 42107 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 484683 | 2280 | SH |  | SOLE |  | 2280 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4433487 | 12840 | SH |  | SOLE |  | 12840 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 486083 | 1649 | SH |  | SOLE |  | 1649 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 2577768 | 33142 | SH |  | SOLE |  | 33142 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 3226796 | 66127 | SH |  | SOLE |  | 66127 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 500342 | 3148 | SH |  | SOLE |  | 3148 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 509352 | 3351 | SH |  | SOLE |  | 3351 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 512689 | 2660 | SH |  | SOLE |  | 2660 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 519409 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 522639 | 5850 | SH |  | SOLE |  | 5850 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 524708 | 5077 | SH |  | SOLE |  | 5077 | 0 | 0 |
| VANECK ETF TRUST | SHRT HGH YLD MUN | 92189F387 |  | 846155 | 36950 | SH |  | SOLE |  | 36950 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 527790 | 1753 | SH |  | SOLE |  | 1753 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 533748 | 4005 | SH |  | SOLE |  | 4005 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 541872 | 4177 | SH |  | SOLE |  | 4177 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 559872 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 1122013 | 10165 | SH |  | SOLE |  | 10165 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 565433 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 5408670 | 69262 | SH |  | SOLE |  | 69262 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 570372 | 7764 | SH |  | SOLE |  | 7764 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 3871140 | 49058 | SH |  | SOLE |  | 49058 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 1357365 | 27150 | SH |  | SOLE |  | 27150 | 0 | 0 |
| MARZETTI COMPANY | COM | 513847103 |  | 578847 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 579949 | 6919 | SH |  | SOLE |  | 6919 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 18733372 | 60693 | SH |  | SOLE |  | 60693 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 587241 | 2884 | SH |  | SOLE |  | 2884 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 588874 | 8785 | SH |  | SOLE |  | 8785 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 596946 | 8514 | SH |  | SOLE |  | 8514 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 601399 | 987 | SH |  | SOLE |  | 987 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 25010938 | 40727 | SH |  | SOLE |  | 40727 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 601918 | 3711 | SH |  | SOLE |  | 3711 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 613052 | 1263 | SH |  | SOLE |  | 1263 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 613850 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6114809 | 18582 | SH |  | SOLE |  | 18582 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 621671 | 8246 | SH |  | SOLE |  | 8246 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 635067 | 2253 | SH |  | SOLE |  | 2253 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 5189344 | 95780 | SH |  | SOLE |  | 95780 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 643912 | 7375 | SH |  | SOLE |  | 7375 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 650764 | 2014 | SH |  | SOLE |  | 2014 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 652152 | 3575 | SH |  | SOLE |  | 3575 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 2107096 | 42083 | SH |  | SOLE |  | 42083 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 676107 | 6079 | SH |  | SOLE |  | 6079 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1512971 | 17988 | SH |  | SOLE |  | 17988 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 683263 | 9333 | SH |  | SOLE |  | 9333 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 |  | 686186 | 9621 | SH |  | SOLE |  | 9621 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1510049 | 18892 | SH |  | SOLE |  | 18892 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 688771 | 3179 | SH |  | SOLE |  | 3179 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 699321 | 3578 | SH |  | SOLE |  | 3578 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 702183 | 4725 | SH |  | SOLE |  | 4725 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 721229 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 7232894 | 120709 | SH |  | SOLE |  | 120709 | 0 | 0 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 1111745 | 16618 | SH |  | SOLE |  | 16618 | 0 | 0 |
| HAWKINS INC | COM | 420261109 |  | 730880 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 746452 | 5253 | SH |  | SOLE |  | 5253 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 758917 | 633 | SH |  | SOLE |  | 633 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 760061 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 796390 | 6427 | SH |  | SOLE |  | 6427 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 814094 | 3965 | SH |  | SOLE |  | 3965 | 0 | 0 |
| SPDR SERIES TRUST | MSCI USA STRTGIC | 78468R812 |  | 826040 | 4825 | SH |  | SOLE |  | 4825 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 828133 | 3065 | SH |  | SOLE |  | 3065 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 847150 | 4247 | SH |  | SOLE |  | 4247 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 861150 | 2301 | SH |  | SOLE |  | 2301 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 10518897 | 14089 | SH |  | SOLE |  | 14089 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 879020 | 4488 | SH |  | SOLE |  | 4488 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 885937 | 2392 | SH |  | SOLE |  | 2392 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 896715 | 3781 | SH |  | SOLE |  | 3781 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 923631 | 2775 | SH |  | SOLE |  | 2775 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 951835 | 6461 | SH |  | SOLE |  | 6461 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 969567 | 7920 | SH |  | SOLE |  | 7920 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 984702 | 3409 | SH |  | SOLE |  | 3409 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 481709 | 10960 | SH |  | SOLE |  | 10960 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 989944 | 9116 | SH |  | SOLE |  | 9116 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 994392 | 8065 | SH |  | SOLE |  | 8065 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1021617 | 4005 | SH |  | SOLE |  | 4005 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL SURE | SPON ADR SER B | 40051E202 |  | 1095545 | 3305 | SH |  | SOLE |  | 3305 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 542342 | 14190 | SH |  | SOLE |  | 14190 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1122333 | 7765 | SH |  | SOLE |  | 7765 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1133548 | 2329 | SH |  | SOLE |  | 2329 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1208693 | 4995 | SH |  | SOLE |  | 4995 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 1232262 | 5195 | SH |  | SOLE |  | 5195 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 1268692 | 3348 | SH |  | SOLE |  | 3348 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 5283580 | 51267 | SH |  | SOLE |  | 51267 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3290351 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 6459505 | 15977 | SH |  | SOLE |  | 15977 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 1367483 | 9593 | SH |  | SOLE |  | 9593 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1402036 | 6661 | SH |  | SOLE |  | 6661 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1499952 | 2637 | SH |  | SOLE |  | 2637 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1727879 | 5858 | SH |  | SOLE |  | 5858 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1789019 | 9387 | SH |  | SOLE |  | 9387 | 0 | 0 |
| WESBANCO INC | COM | 950810101 |  | 342514 | 10603 | SH |  | SOLE |  | 10603 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1849866 | 5204 | SH |  | SOLE |  | 5204 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 1921775 | 6708 | SH |  | SOLE |  | 6708 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1956402 | 8181 | SH |  | SOLE |  | 8181 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2039498 | 2690 | SH |  | SOLE |  | 2690 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 2084848 | 4688 | SH |  | SOLE |  | 4688 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2136383 | 7651 | SH |  | SOLE |  | 7651 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2161790 | 7078 | SH |  | SOLE |  | 7078 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2163544 | 8609 | SH |  | SOLE |  | 8609 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 2173366 | 4737 | SH |  | SOLE |  | 4737 | 0 | 0 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 1070922 | 24229 | SH |  | SOLE |  | 24229 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 2281723 | 9649 | SH |  | SOLE |  | 9649 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2356609 | 9970 | SH |  | SOLE |  | 9970 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2402413 | 5042 | SH |  | SOLE |  | 5042 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2453775 | 2651 | SH |  | SOLE |  | 2651 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 2618872 | 4382 | SH |  | SOLE |  | 4382 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 2656438 | 9381 | SH |  | SOLE |  | 9381 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2712972 | 9031 | SH |  | SOLE |  | 9031 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2779837 | 8143 | SH |  | SOLE |  | 8143 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 2808392 | 9754 | SH |  | SOLE |  | 9754 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3010910 | 5989 | SH |  | SOLE |  | 5989 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3363914 | 5597 | SH |  | SOLE |  | 5597 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 4195914 | 4334 | SH |  | SOLE |  | 4334 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 2329440 | 54274 | SH |  | SOLE |  | 54274 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 4446357 | 9361 | SH |  | SOLE |  | 9361 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 4724699 | 9902 | SH |  | SOLE |  | 9902 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6464551 | 9677 | SH |  | SOLE |  | 9677 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 7580455 | 7028 | SH |  | SOLE |  | 7028 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 9579124 | 8216 | SH |  | SOLE |  | 8216 | 0 | 0 |

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