# EDGAR Filing Document

**Accession Number:** 0001845066
**File Stem:** 0001845066-23-000001
**Filing Date:** 2023-1
**Character Count:** 21026
**Document Hash:** 533e056b302426db1d1f8f2b6e9dc51e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001845066-23-000001.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001845066-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**EFFECTIVENESS DATE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLLECTIVE FAMILY OFFICE LLC
- **CENTRAL INDEX KEY:** 0001845066
- **IRS NUMBER:** 833846867
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20708
- **FILM NUMBER:** 23522607

**BUSINESS ADDRESS:**
- **STREET 1:** 235 ST. CHARLES WAY, STE. 200
- **CITY:** YORK
- **STATE:** PA
- **ZIP:** 17402
- **BUSINESS PHONE:** 717-893-5055

**MAIL ADDRESS:**
- **STREET 1:** 235 ST. CHARLES WAY, STE. 200
- **CITY:** YORK
- **STATE:** PA
- **ZIP:** 17402

### 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:** COLLECTIVE FAMILY OFFICE LLC<br>**Address:** 235 ST. CHARLES WAY STE. 200<br>YORK, PA 17402

**Form 13F File Number:** 028-20708

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:** Trevor N Hoffman<br>**Title:** COO/CCO<br>**Phone:** 717-893-5055

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

Trevor N Hoffman  York, PA  01-11-2023<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:** 170

**Form 13F Information Table Value Total:** $222492017

      (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 |  | 412591 | 3758 | SH |  | SOLE | 0 | 0 | 0 | 3758 |
| ABBVIE INC | COM | 00287Y109 |  | 1434935 | 8879 | SH |  | SOLE | 0 | 0 | 0 | 8879 |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 1354374 | 61395 | SH |  | SOLE | 0 | 0 | 0 | 61395 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 387483 | 1257 | SH |  | SOLE | 0 | 0 | 0 | 1257 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1255513 | 14230 | SH |  | SOLE | 0 | 0 | 0 | 14230 |
| AMAZON COM INC | COM | 023135106 |  | 743736 | 8854 | SH |  | SOLE | 0 | 0 | 0 | 8854 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 4701805 | 63103 | SH |  | SOLE | 0 | 0 | 0 | 63103 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 4446321 | 80331 | SH |  | SOLE | 0 | 0 | 0 | 80331 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 1488578 | 29506 | SH |  | SOLE | 0 | 0 | 0 | 29506 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 2709206 | 53979 | SH |  | SOLE | 0 | 0 | 0 | 53979 |
| AMERICAN CENTY ETF TR | REAL ESTATE ETF | 025072356 |  | 1706316 | 41496 | SH |  | SOLE | 0 | 0 | 0 | 41496 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 2056339 | 45585 | SH |  | SOLE | 0 | 0 | 0 | 45585 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 245308 | 3879 | SH |  | SOLE | 0 | 0 | 0 | 3879 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 230504 | 1088 | SH |  | SOLE | 0 | 0 | 0 | 1088 |
| APPLE INC | COM | 037833100 |  | 2003159 | 15417 | SH |  | SOLE | 0 | 0 | 0 | 15417 |
| ARAVIVE INC | COM | 03890D108 |  | 15840 | 12000 | SH |  | SOLE | 0 | 0 | 0 | 12000 |
| BANK AMERICA CORP | COM | 060505104 |  | 255809 | 7724 | SH |  | SOLE | 0 | 0 | 0 | 7724 |
| BARRICK GOLD CORP | COM | 067901108 |  | 790624 | 46020 | SH |  | SOLE | 0 | 0 | 0 | 46020 |
| BLACKSTONE INC | COM | 09260D107 |  | 204023 | 2750 | SH |  | SOLE | 0 | 0 | 0 | 2750 |
| BROADCOM INC | COM | 11135F101 |  | 314231 | 562 | SH |  | SOLE | 0 | 0 | 0 | 562 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 340176 | 11400 | SH |  | SOLE | 0 | 0 | 0 | 11400 |
| CHEVRON CORP NEW | COM | 166764100 |  | 782345 | 4359 | SH |  | SOLE | 0 | 0 | 0 | 4359 |
| COCA COLA CO | COM | 191216100 |  | 266612 | 4191 | SH |  | SOLE | 0 | 0 | 0 | 4191 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 209030 | 2653 | SH |  | SOLE | 0 | 0 | 0 | 2653 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 209502 | 904 | SH |  | SOLE | 0 | 0 | 0 | 904 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 474760 | 1040 | SH |  | SOLE | 0 | 0 | 0 | 1040 |
| CSX CORP | COM | 126408103 |  | 440350 | 14214 | SH |  | SOLE | 0 | 0 | 0 | 14214 |
| DEERE  CO | COM | 244199105 |  | 333147 | 777 | SH |  | SOLE | 0 | 0 | 0 | 777 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 394945 | 8569 | SH |  | SOLE | 0 | 0 | 0 | 8569 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 2029498 | 48880 | SH |  | SOLE | 0 | 0 | 0 | 48880 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 9343174 | 195423 | SH |  | SOLE | 0 | 0 | 0 | 195423 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 802820 | 32411 | SH |  | SOLE | 0 | 0 | 0 | 32411 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 3108401 | 139955 | SH |  | SOLE | 0 | 0 | 0 | 139955 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 2846741 | 132345 | SH |  | SOLE | 0 | 0 | 0 | 132345 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 464267 | 13867 | SH |  | SOLE | 0 | 0 | 0 | 13867 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 1022999 | 41704 | SH |  | SOLE | 0 | 0 | 0 | 41704 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 795850 | 32778 | SH |  | SOLE | 0 | 0 | 0 | 32778 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 1336805 | 26135 | SH |  | SOLE | 0 | 0 | 0 | 26135 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 292619 | 6658 | SH |  | SOLE | 0 | 0 | 0 | 6658 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 297920 | 9800 | SH |  | SOLE | 0 | 0 | 0 | 9800 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 396358 | 15829 | SH |  | SOLE | 0 | 0 | 0 | 15829 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 5467877 | 249106 | SH |  | SOLE | 0 | 0 | 0 | 249106 |
| EATON CORP PLC | SHS | G29183103 |  | 343250 | 2187 | SH |  | SOLE | 0 | 0 | 0 | 2187 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 258764 | 2346 | SH |  | SOLE | 0 | 0 | 0 | 2346 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 206641 | 2407 | SH |  | SOLE | 0 | 0 | 0 | 2407 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 6946741 | 358634 | SH |  | SOLE | 0 | 0 | 0 | 358634 |
| HOME DEPOT INC | COM | 437076102 |  | 698948 | 2213 | SH |  | SOLE | 0 | 0 | 0 | 2213 |
| HONEYWELL INTL INC | COM | 438516106 |  | 370525 | 1729 | SH |  | SOLE | 0 | 0 | 0 | 1729 |
| HP INC | COM | 40434L105 |  | 523965 | 19500 | SH |  | SOLE | 0 | 0 | 0 | 19500 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 420416 | 2984 | SH |  | SOLE | 0 | 0 | 0 | 2984 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 425151 | 9700 | SH |  | SOLE | 0 | 0 | 0 | 9700 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 CB | 46138J866 |  | 288475 | 13750 | SH |  | SOLE | 0 | 0 | 0 | 13750 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2024 HY | 46138J833 |  | 3633170 | 164248 | SH |  | SOLE | 0 | 0 | 0 | 164248 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 HY | 46138J858 |  | 9077817 | 389439 | SH |  | SOLE | 0 | 0 | 0 | 389439 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 MUNI | 46138J544 |  | 875000 | 34812 | SH |  | SOLE | 0 | 0 | 0 | 34812 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 242980 | 1000 | SH |  | SOLE | 0 | 0 | 0 | 1000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 282381 | 1060 | SH |  | SOLE | 0 | 0 | 0 | 1060 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 351896 | 5361 | SH |  | SOLE | 0 | 0 | 0 | 5361 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 552477 | 2284 | SH |  | SOLE | 0 | 0 | 0 | 2284 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 250134 | 2643 | SH |  | SOLE | 0 | 0 | 0 | 2643 |
| ISHARES TR | CORE S ETF | 464287200 |  | 998562 | 2599 | SH |  | SOLE | 0 | 0 | 0 | 2599 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 919736 | 5275 | SH |  | SOLE | 0 | 0 | 0 | 5275 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 1174535 | 8470 | SH |  | SOLE | 0 | 0 | 0 | 8470 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 719578 | 10188 | SH |  | SOLE | 0 | 0 | 0 | 10188 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1282310 | 15730 | SH |  | SOLE | 0 | 0 | 0 | 15730 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 1251072 | 32087 | SH |  | SOLE | 0 | 0 | 0 | 32087 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 245478 | 6477 | SH |  | SOLE | 0 | 0 | 0 | 6477 |
| ISHARES TR | MRGSTR MD CP VAL | 464288406 |  | 365661 | 5893 | SH |  | SOLE | 0 | 0 | 0 | 5893 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 371207 | 3078 | SH |  | SOLE | 0 | 0 | 0 | 3078 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 792121 | 29165 | SH |  | SOLE | 0 | 0 | 0 | 29165 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 3222442 | 105550 | SH |  | SOLE | 0 | 0 | 0 | 105550 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 316560 | 3000 | SH |  | SOLE | 0 | 0 | 0 | 3000 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1108129 | 13100 | SH |  | SOLE | 0 | 0 | 0 | 13100 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 330182 | 5846 | SH |  | SOLE | 0 | 0 | 0 | 5846 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 2731007 | 59525 | SH |  | SOLE | 0 | 0 | 0 | 59525 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 711960 | 8500 | SH |  | SOLE | 0 | 0 | 0 | 8500 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 279847 | 12078 | SH |  | SOLE | 0 | 0 | 0 | 12078 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 1951334 | 85924 | SH |  | SOLE | 0 | 0 | 0 | 85924 |
| ISHARES TR | EXPONENTIAL TECH | 46434V381 |  | 223113 | 4713 | SH |  | SOLE | 0 | 0 | 0 | 4713 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 1420954 | 24550 | SH |  | SOLE | 0 | 0 | 0 | 24550 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 372922 | 6050 | SH |  | SOLE | 0 | 0 | 0 | 6050 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 206455 | 1980 | SH |  | SOLE | 0 | 0 | 0 | 1980 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 1440076 | 13815 | SH |  | SOLE | 0 | 0 | 0 | 13815 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 3084606 | 61039 | SH |  | SOLE | 0 | 0 | 0 | 61039 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 349005 | 6962 | SH |  | SOLE | 0 | 0 | 0 | 6962 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 335301 | 7337 | SH |  | SOLE | 0 | 0 | 0 | 7337 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 277899 | 5100 | SH |  | SOLE | 0 | 0 | 0 | 5100 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 582839 | 3299 | SH |  | SOLE | 0 | 0 | 0 | 3299 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 676400 | 5044 | SH |  | SOLE | 0 | 0 | 0 | 5044 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 212374 | 1020 | SH |  | SOLE | 0 | 0 | 0 | 1020 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 665116 | 6323 | SH |  | SOLE | 0 | 0 | 0 | 6323 |
| LILLY ELI  CO | COM | 532457108 |  | 531931 | 1454 | SH |  | SOLE | 0 | 0 | 0 | 1454 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 299191 | 615 | SH |  | SOLE | 0 | 0 | 0 | 615 |
| M  T BK CORP | COM | 55261F104 |  | 249648 | 1721 | SH |  | SOLE | 0 | 0 | 0 | 1721 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 281564 | 25275 | SH |  | SOLE | 0 | 0 | 0 | 25275 |
| MERCK  CO INC | COM | 58933Y105 |  | 736589 | 6639 | SH |  | SOLE | 0 | 0 | 0 | 6639 |
| MICROSOFT CORP | COM | 594918104 |  | 1888373 | 7874 | SH |  | SOLE | 0 | 0 | 0 | 7874 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 453326 | 3102 | SH |  | SOLE | 0 | 0 | 0 | 3102 |
| PATTERSON COS INC | COM | 703395103 |  | 221353 | 7897 | SH |  | SOLE | 0 | 0 | 0 | 7897 |
| PEPSICO INC | COM | 713448108 |  | 261363 | 1447 | SH |  | SOLE | 0 | 0 | 0 | 1447 |
| PFIZER INC | COM | 717081103 |  | 701166 | 13684 | SH |  | SOLE | 0 | 0 | 0 | 13684 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 273504 | 1732 | SH |  | SOLE | 0 | 0 | 0 | 1732 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 341768 | 2255 | SH |  | SOLE | 0 | 0 | 0 | 2255 |
| QUALCOMM INC | COM | 747525103 |  | 327731 | 2981 | SH |  | SOLE | 0 | 0 | 0 | 2981 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 213700 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| SALESFORCE INC | COM | 79466L302 |  | 281621 | 2124 | SH |  | SOLE | 0 | 0 | 0 | 2124 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 604260 | 18760 | SH |  | SOLE | 0 | 0 | 0 | 18760 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 497327 | 11015 | SH |  | SOLE | 0 | 0 | 0 | 11015 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1644748 | 40601 | SH |  | SOLE | 0 | 0 | 0 | 40601 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 229352 | 4128 | SH |  | SOLE | 0 | 0 | 0 | 4128 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1500635 | 22730 | SH |  | SOLE | 0 | 0 | 0 | 22730 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 2743084 | 36313 | SH |  | SOLE | 0 | 0 | 0 | 36313 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1937776 | 29535 | SH |  | SOLE | 0 | 0 | 0 | 29535 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 537130 | 17068 | SH |  | SOLE | 0 | 0 | 0 | 17068 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 399023 | 10805 | SH |  | SOLE | 0 | 0 | 0 | 10805 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT SC | 808524748 |  | 4850395 | 155163 | SH |  | SOLE | 0 | 0 | 0 | 155163 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US SC | 808524763 |  | 4836548 | 103522 | SH |  | SOLE | 0 | 0 | 0 | 103522 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 1903500 | 76816 | SH |  | SOLE | 0 | 0 | 0 | 76816 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 6302071 | 216790 | SH |  | SOLE | 0 | 0 | 0 | 216790 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 3624621 | 67826 | SH |  | SOLE | 0 | 0 | 0 | 67826 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 427945 | 12513 | SH |  | SOLE | 0 | 0 | 0 | 12513 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 576157 | 4630 | SH |  | SOLE | 0 | 0 | 0 | 4630 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 309059 | 2275 | SH |  | SOLE | 0 | 0 | 0 | 2275 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 255091 | 1975 | SH |  | SOLE | 0 | 0 | 0 | 1975 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 |  | 159917 | 27383 | SH |  | SOLE | 0 | 0 | 0 | 27383 |
| SORRENTO THERAPEUTICS INC | COM NEW | 83587F202 |  | 105806 | 119420 | SH |  | SOLE | 0 | 0 | 0 | 119420 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4671000 | 12214 | SH |  | SOLE | 0 | 0 | 0 | 12214 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 |  | 3971958 | 53516 | SH |  | SOLE | 0 | 0 | 0 | 53516 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 243714 | 1948 | SH |  | SOLE | 0 | 0 | 0 | 1948 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 525390 | 6330 | SH |  | SOLE | 0 | 0 | 0 | 6330 |
| SPDR SER TR | BLOOMBERG EMERGI | 78464A391 |  | 473990 | 23054 | SH |  | SOLE | 0 | 0 | 0 | 23054 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 3296637 | 1406 | SH |  | SOLE | 0 | 0 | 0 | 1406 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 224232 | 1334 | SH |  | SOLE | 0 | 0 | 0 | 1334 |
| UNITED RENTALS INC | COM | 911363109 |  | 439655 | 1237 | SH |  | SOLE | 0 | 0 | 0 | 1237 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 851999 | 1607 | SH |  | SOLE | 0 | 0 | 0 | 1607 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 624024 | 4919 | SH |  | SOLE | 0 | 0 | 0 | 4919 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 6295099 | 259806 | SH |  | SOLE | 0 | 0 | 0 | 259806 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3834931 | 10915 | SH |  | SOLE | 0 | 0 | 0 | 10915 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1182365 | 6442 | SH |  | SOLE | 0 | 0 | 0 | 6442 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 722017 | 3388 | SH |  | SOLE | 0 | 0 | 0 | 3388 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 329860 | 1835 | SH |  | SOLE | 0 | 0 | 0 | 1835 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 2542647 | 18801 | SH |  | SOLE | 0 | 0 | 0 | 18801 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 7329981 | 52219 | SH |  | SOLE | 0 | 0 | 0 | 52219 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 596144 | 2925 | SH |  | SOLE | 0 | 0 | 0 | 2925 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 8531763 | 53726 | SH |  | SOLE | 0 | 0 | 0 | 53726 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 410293 | 2146 | SH |  | SOLE | 0 | 0 | 0 | 2146 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 707058 | 18139 | SH |  | SOLE | 0 | 0 | 0 | 18139 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 488095 | 7585 | SH |  | SOLE | 0 | 0 | 0 | 7585 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 489116 | 9755 | SH |  | SOLE | 0 | 0 | 0 | 9755 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 206134 | 2005 | SH |  | SOLE | 0 | 0 | 0 | 2005 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 1091336 | 19685 | SH |  | SOLE | 0 | 0 | 0 | 19685 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 309313 | 6250 | SH |  | SOLE | 0 | 0 | 0 | 6250 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1630915 | 10740 | SH |  | SOLE | 0 | 0 | 0 | 10740 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1957602 | 37850 | SH |  | SOLE | 0 | 0 | 0 | 37850 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1906865 | 45434 | SH |  | SOLE | 0 | 0 | 0 | 45434 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 516806 | 8475 | SH |  | SOLE | 0 | 0 | 0 | 8475 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 1626797 | 27309 | SH |  | SOLE | 0 | 0 | 0 | 27309 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 3977086 | 57117 | SH |  | SOLE | 0 | 0 | 0 | 57117 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1762280 | 16286 | SH |  | SOLE | 0 | 0 | 0 | 16286 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 385475 | 1760 | SH |  | SOLE | 0 | 0 | 0 | 1760 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 |  | 708643 | 3880 | SH |  | SOLE | 0 | 0 | 0 | 3880 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 589950 | 1847 | SH |  | SOLE | 0 | 0 | 0 | 1847 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 219235 | 2650 | SH |  | SOLE | 0 | 0 | 0 | 2650 |
| VANGUARD WORLD FDS | COMM SRVC ETF | 92204A884 |  | 205625 | 2500 | SH |  | SOLE | 0 | 0 | 0 | 2500 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 596698 | 4920 | SH |  | SOLE | 0 | 0 | 0 | 4920 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 501409 | 2946 | SH |  | SOLE | 0 | 0 | 0 | 2946 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 899429 | 3626 | SH |  | SOLE | 0 | 0 | 0 | 3626 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 249041 | 1300 | SH |  | SOLE | 0 | 0 | 0 | 1300 |
| VISA INC | COM CL A | 92826C839 |  | 470992 | 2267 | SH |  | SOLE | 0 | 0 | 0 | 2267 |
| YORK WTR CO | COM | 987184108 |  | 610742 | 13578 | SH |  | SOLE | 0 | 0 | 0 | 13578 |

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