# EDGAR Filing Document

**Accession Number:** 0001598841
**File Stem:** 0001598841-23-000001
**Filing Date:** 2023-2
**Character Count:** 20524
**Document Hash:** e28158bd4b3350bd35666a574b5f7245
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001598841-23-000001.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001598841-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors Preferred, LLC
- **CENTRAL INDEX KEY:** 0001598841
- **IRS NUMBER:** 364702719
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16005
- **FILM NUMBER:** 23600367

**BUSINESS ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 240-223-1998

**MAIL ADDRESS:**
- **STREET 1:** 1445 RESEARCH BOULEVARD
- **STREET 2:** #530
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

### 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:** Advisors Preferred LLC<br>**Address:** 1445 RESEARCH BOULEVARD

#530<br>ROCKVILLE, MD 20850

**Form 13F File Number:** 028-16005

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:** Angela Hollnd<br>**Title:** CCO<br>**Phone:** 240221988

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

Angela Holland  Columbia, MD  02-08-2023<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:** 2

**Form 13F Information Table Entry Total:** 163

**Form 13F Information Table Value Total:** $234690829

      (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.]

| No.   | Name                            | Form 13F File Number   |
|:---|:---|:---|
|  | Flexible Plan Investments Ltd.  |  |
|  | Beaumont Capital Management LLC |  |

### 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 |
| AbbVie Inc. | COM | 00287Y109 |  | 597234 | 3678 | SH |  | OTR | 2 | 3678 | 0 | 0 |
| ABRDN Bloomberg All Commodity Strategy K1 Free  ETF | ETF | 003261104 |  | 205346 | 9551 | SH |  | OTR | 2 | 9551 | 0 | 0 |
| Alcoa Corporation | COM | 013872106 |  | 177740 | 3987 | SH |  | OTR | 2 | 3987 | 0 | 0 |
| Allbirds Inc. | COM | 01675A109 |  | 32084 | 14323 | SH |  | OTR | 2 | 14323 | 0 | 0 |
| Amazon.com Inc. | COM | 023135106 |  | 13474 | 157 | SH |  | OTR | 2 | 157 | 0 | 0 |
| AMC Entertainment Holdings Inc. | PREF | 00165C203 |  | 4464 | 3720 | SH |  | OTR | 2 | 3720 | 0 | 0 |
| American Financial Group Inc. | COM | 025932104 |  | 614591 | 4490 | SH |  | OTR | 2 | 4490 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 588712 | 2250 | SH |  | OTR | 2 | 2250 | 0 | 0 |
| AMN Healthcare Services Inc. | COM | 001744101 |  | 600808 | 5668 | SH |  | OTR | 2 | 5668 | 0 | 0 |
| Antero Resources Corporation | COM | 03674X106 |  | 211047 | 7426 | SH |  | OTR | 2 | 7426 | 0 | 0 |
| Aon plc | COM | G0403H108 |  | 587163 | 1961 | SH |  | OTR | 2 | 1961 | 0 | 0 |
| APA Corporation | COM | 03743Q108 |  | 216312 | 4959 | SH |  | OTR | 2 | 4959 | 0 | 0 |
| Apartment Income REIT Corporation | REIT | 03750L109 |  | 597760 | 17576 | SH |  | OTR | 2 | 17576 | 0 | 0 |
| ArcBest Corporation | COM | 03937C105 |  | 2151207 | 31263 | SH |  | OTR | 2 | 31263 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 568958 | 2394 | SH |  | OTR | 2 | 2394 | 0 | 0 |
| Bandwidth Inc. | COM | 05988J103 |  | 10977 | 494 | SH |  | OTR | 2 | 494 | 0 | 0 |
| Bread Financial Holdings Inc. | COM | 018581108 |  | 387405 | 10211 | SH |  | OTR | 2 | 10211 | 0 | 0 |
| Callon Petroleum Company | COM | 13123X508 |  | 192918 | 5566 | SH |  | OTR | 2 | 5566 | 0 | 0 |
| Campbell Soup Company | COM | 134429109 |  | 1846058 | 32848 | SH |  | OTR | 2 | 32848 | 0 | 0 |
| Chemed Corporation | COM | 16359R103 |  | 588016 | 1160 | SH |  | OTR | 2 | 1160 | 0 | 0 |
| Clorox Company (The) | COM | 189054109 |  | 579994 | 4077 | SH |  | OTR | 2 | 4077 | 0 | 0 |
| CNO Financial Group Inc. | COM | 12621E301 |  | 739975 | 31992 | SH |  | OTR | 2 | 31992 | 0 | 0 |
| CNX Resources Corporation | COM | 12653C108 |  | 4584997 | 286026 | SH |  | OTR | 2 | 286026 | 0 | 0 |
| Coca-Cola Company (The) | COM | 191216100 |  | 597270 | 9488 | SH |  | OTR | 2 | 9488 | 0 | 0 |
| Colgate-Palmolive Company | COM | 194162103 |  | 607956 | 7683 | SH |  | OTR | 2 | 7683 | 0 | 0 |
| Commercial Metals Company | COM | 201723103 |  | 602754 | 12602 | SH |  | OTR | 2 | 12602 | 0 | 0 |
| Consumer Staples Select Sector SPDR Fund | ETF | 81369Y308 |  | 149728 | 2016 | SH |  | OTR | 2 | 2016 | 0 | 0 |
| Core Laboratories N.V. | COM | N22717107 |  | 1794594 | 94007 | SH |  | OTR | 2 | 94007 | 0 | 0 |
| Cross Country Healthcare Inc. | COM | 227483104 |  | 417937 | 15371 | SH |  | OTR | 2 | 15371 | 0 | 0 |
| DiamondRock Hospitality Company | REIT | 252784301 |  | 613438 | 77162 | SH |  | OTR | 2 | 77162 | 0 | 0 |
| Dollar General Corporation | COM | 256677105 |  | 597309 | 2421 | SH |  | OTR | 2 | 2421 | 0 | 0 |
| EMCOR Group Inc. | COM | 29084Q100 |  | 610147 | 4114 | SH |  | OTR | 2 | 4114 | 0 | 0 |
| Energy Select Sector SPDR Fund | ETF | 81369Y506 |  | 205514 | 2435 | SH |  | OTR | 2 | 2435 | 0 | 0 |
| EQT Corporation | COM | 26884L109 |  | 464031 | 14583 | SH |  | OTR | 2 | 14583 | 0 | 0 |
| Expedia Group Inc. | COM | 30212P303 |  | 20868 | 238 | SH |  | OTR | 2 | 238 | 0 | 0 |
| Fidelity MSCI Consumer Staples Index ETF | ETF | 316092303 |  | 123982 | 2778 | SH |  | OTR | 2 | 2778 | 0 | 0 |
| Fidelity MSCI Utilities Index ETF | ETF | 316092865 |  | 182360 | 4000 | SH |  | OTR | 2 | 4000 | 0 | 0 |
| First Trust Consumer Staples AlphaDEX Fund | ETF | 33734X119 |  | 119739 | 1926 | SH |  | OTR | 2 | 1926 | 0 | 0 |
| First Trust Global Tactical Commodity Strategy Fund | ETF | 33739H101 |  | 513741 | 21397 | SH |  | OTR | 2 | 21397 | 0 | 0 |
| First Trust MultiCap Growth AlphaDEX Fund | ETF | 33733F101 |  | 63874 | 683 | SH |  | OTR | 2 | 683 | 0 | 0 |
| First Trust Utilities AlphaDEX Fund | ETF | 33734X184 |  | 637859 | 19294 | SH |  | OTR | 2 | 19294 | 0 | 0 |
| FlexShrs High Yield Value-Scored Bond Index Fund | ETF | 33939L662 |  | 67562 | 1692 | SH |  | OTR | 2 | 1692 | 0 | 0 |
| Franklin LibertyQ US Mid Cap Equity ETF | ETF | 35473P884 |  | 263879 | 6366 | SH |  | OTR | 2 | 6366 | 0 | 0 |
| Generac Holdings Inc. | COM | 368736104 |  | 10455 | 107 | SH |  | OTR | 2 | 107 | 0 | 0 |
| Global X US Infrastructure Development ETF | ETF | 37954Y673 |  | 499976 | 18867 | SH |  | OTR | 2 | 18867 | 0 | 0 |
| Griffon Corporation | COM | 398433102 |  | 297479 | 8261 | SH |  | OTR | 2 | 8261 | 0 | 0 |
| Grindr Inc. | COM | 39854F101 |  | 17550 | 3524 | SH |  | OTR | 2 | 3524 | 0 | 0 |
| Halozyme Therapeutics Inc. | COM | 40637H109 |  | 363968 | 6602 | SH |  | OTR | 2 | 6602 | 0 | 0 |
| Health Care Select Sector SPDR Fund | ETF | 81369Y209 |  | 70538628 | 520734 | SH |  | OTR | 2 | 520734 | 0 | 0 |
| Hershey Company (The) | COM | 427866108 |  | 580033 | 2556 | SH |  | OTR | 2 | 2556 | 0 | 0 |
| Hess Corporation | COM | 42809H107 |  | 274555 | 2041 | SH |  | OTR | 2 | 2041 | 0 | 0 |
| Hexcel Corporation | COM | 428291108 |  | 6501779 | 110368 | SH |  | OTR | 2 | 110368 | 0 | 0 |
| Hologic Inc. | COM | 436440101 |  | 601000 | 7955 | SH |  | OTR | 2 | 7955 | 0 | 0 |
| Hormel Foods Corporation | COM | 440452100 |  | 1847294 | 40378 | SH |  | OTR | 2 | 40378 | 0 | 0 |
| Intel Corporation | COM | 458140100 |  | 13231 | 495 | SH |  | OTR | 2 | 495 | 0 | 0 |
| Invesco DB US Dollar Index Bullish Fund | ETF | 46141D203 |  | 49193 | 1750 | SH |  | OTR | 2 | 1750 | 0 | 0 |
| Invesco Dynamic Food  Beverage ETF | ETF | 46137V753 |  | 9908 | 219 | SH |  | OTR | 2 | 219 | 0 | 0 |
| Invesco Optimum Yield Diversified Commodity Strategy No K1 ETF | ETF | 46090F100 |  | 33878 | 2351 | SH |  | OTR | 2 | 2351 | 0 | 0 |
| Invesco QQQ Trust Series 1 | ETF | 46090E103 |  | 3786031 | 14315 | SH |  | OTR | 2 | 14315 | 0 | 0 |
| Invesco S 500 Downside Hedge ETF | ETF | 46090A705 |  | 136136 | 4241 | SH |  | OTR | 2 | 4241 | 0 | 0 |
| Invesco S 500 Equal Weight Consumer Staples ETF | ETF | 46137V373 |  | 430472 | 2531 | SH |  | OTR | 2 | 2531 | 0 | 0 |
| Invesco S 500 Equal Weight Energy ETF | ETF | 46137V365 |  | 206538 | 2959 | SH |  | OTR | 2 | 2959 | 0 | 0 |
| Invesco S 500 Equal Weight ETF | ETF | 46137V357 |  | 4841263 | 34306 | SH |  | OTR | 2 | 34306 | 0 | 0 |
| Invesco S 500 Equal Weight Utilities ETF | ETF | 46137V274 |  | 108855 | 938 | SH |  | OTR | 2 | 938 | 0 | 0 |
| Invesco S 500 Low Volatility ETF | ETF | 46138E354 |  | 4826464 | 75567 | SH |  | OTR | 2 | 75567 | 0 | 0 |
| iShares 0-3 Month Treasury Bond ETF | ETF | 46436E718 |  | 11551453 | 115330 | SH |  | OTR | 2 | 115330 | 0 | 0 |
| iShares 20 plus Year Treasury Bond ETF | ETF | 464287432 |  | 142044 | 1400 | SH |  | OTR | 2 | 1400 | 0 | 0 |
| iShares Bloomberg Roll Select Commodity Strategy  ETF | ETF | 46431W598 |  | 190032 | 3564 | SH |  | OTR | 2 | 3564 | 0 | 0 |
| iShares Convertible Bond ETF | ETF | 46435G102 |  | 221200 | 3191 | SH |  | OTR | 2 | 3191 | 0 | 0 |
| iShares Core S Total US Stock Market ETF | ETF | 464287150 |  | 34106 | 404 | SH |  | OTR | 2 | 404 | 0 | 0 |
| iShares Global Consumer Staples ETF | ETF | 464288737 |  | 168467 | 2829 | SH |  | OTR | 2 | 2829 | 0 | 0 |
| iShares Global Healthcare ETF | ETF | 464287325 |  | 35497 | 418 | SH |  | OTR | 2 | 418 | 0 | 0 |
| iShares Global Tech ETF | ETF | 464287291 |  | 33671 | 757 | SH |  | OTR | 2 | 757 | 0 | 0 |
| iShares GSCI Commodity Dynamic | ETF | 46431W853 |  | 53237 | 1938 | SH |  | OTR | 2 | 1938 | 0 | 0 |
| iShares MSCI Agriculture Produ | ETF | 464286350 |  | 148234 | 3506 | SH |  | OTR | 2 | 3506 | 0 | 0 |
| iShares MSCI EAFE ETF | ETF | 464287465 |  | 8605885 | 129959 | SH |  | OTR | 2 | 129959 | 0 | 0 |
| iShares MSCI Emerging Markets ETF | ETF | 464287234 |  | 18613408 | 487007 | SH |  | OTR | 2 | 487007 | 0 | 0 |
| iShares MSCI Sweden ETF | ETF | 464286756 |  | 36330 | 1111 | SH |  | OTR | 2 | 1111 | 0 | 0 |
| iShares MSCI Taiwan ETF | ETF | 46434G772 |  | 31481 | 780 | SH |  | OTR | 2 | 780 | 0 | 0 |
| iShares North American Natural Resources ETF | ETF | 464287374 |  | 35650 | 903 | SH |  | OTR | 2 | 903 | 0 | 0 |
| iShares Preferred  Income Securities ETF | ETF | 464288687 |  | 35221 | 1148 | SH |  | OTR | 2 | 1148 | 0 | 0 |
| iShares Russell 1000 ETF | ETF | 464287622 |  | 34145 | 163 | SH |  | OTR | 2 | 163 | 0 | 0 |
| iShares Russell 1000 Growth ETF | ETF | 464287614 |  | 33381 | 157 | SH |  | OTR | 2 | 157 | 0 | 0 |
| iShares Russell 1000 Value ETF | ETF | 464287598 |  | 6449519 | 42543 | SH |  | OTR | 2 | 42543 | 0 | 0 |
| iShares Russell Mid-Cap Value ETF | ETF | 464287473 |  | 2140209 | 20381 | SH |  | OTR | 2 | 20381 | 0 | 0 |
| iShares S Mid-Cap 400 Growth ETF | ETF | 464287606 |  | 33817 | 499 | SH |  | OTR | 2 | 499 | 0 | 0 |
| iShares Semiconductor ETF | ETF | 464287523 |  | 33425 | 97 | SH |  | OTR | 2 | 97 | 0 | 0 |
| iShares U.S. Basic Materials ETF | ETF | 464287838 |  | 33856 | 272 | SH |  | OTR | 2 | 272 | 0 | 0 |
| iShares U.S. Energy ETF | ETF | 464287796 |  | 84739 | 1897 | SH |  | OTR | 2 | 1897 | 0 | 0 |
| iShares U.S. Healthcare ETF | ETF | 464287762 |  | 57913 | 205 | SH |  | OTR | 2 | 205 | 0 | 0 |
| iShares U.S. Home Construction ETF | ETF | 464288752 |  | 35942 | 585 | SH |  | OTR | 2 | 585 | 0 | 0 |
| iShares U.S. Oil  Gas Exploration  Production ETF | ETF | 464288851 |  | 41840 | 474 | SH |  | OTR | 2 | 474 | 0 | 0 |
| iShares U.S. Oil Equipment  Services ETF | ETF | 464288844 |  | 61065 | 3023 | SH |  | OTR | 2 | 3023 | 0 | 0 |
| iShares US Consumer Goods ETF | ETF | 464287812 |  | 303881 | 1506 | SH |  | OTR | 2 | 1506 | 0 | 0 |
| iShares US Utilities ETF | ETF | 464287697 |  | 67990 | 786 | SH |  | OTR | 2 | 786 | 0 | 0 |
| iTeos Therapeutics Inc. | COM | 46565G104 |  | 1686639 | 90973 | SH |  | OTR | 2 | 90973 | 0 | 0 |
| J M Smucker Company (The) | COM | 832696405 |  | 1956054 | 12303 | SH |  | OTR | 2 | 12303 | 0 | 0 |
| KB Home | COM | 48666K109 |  | 2283236 | 70340 | SH |  | OTR | 2 | 70340 | 0 | 0 |
| Kellogg Company | COM | 487836108 |  | 587978 | 8250 | SH |  | OTR | 2 | 8250 | 0 | 0 |
| Kimberly-Clark Corporation | COM | 494368103 |  | 600405 | 4379 | SH |  | OTR | 2 | 4379 | 0 | 0 |
| KraneShares Global Carbon Strategy ETF | ETF | 500767678 |  | 31859 | 875 | SH |  | OTR | 2 | 875 | 0 | 0 |
| Lamb Weston Holdings Inc. | COM | 513272104 |  | 604992 | 6934 | SH |  | OTR | 2 | 6934 | 0 | 0 |
| Lincoln Electric Holdings Inc. | COM | 533900106 |  | 611179 | 4181 | SH |  | OTR | 2 | 4181 | 0 | 0 |
| Lockheed Martin Corporation | COM | 539830109 |  | 597390 | 1251 | SH |  | OTR | 2 | 1251 | 0 | 0 |
| Lyft Inc. | COM | 55087P104 |  | 7906 | 711 | SH |  | OTR | 2 | 711 | 0 | 0 |
| LyondellBasell Industries N.V. | COM | N53745100 |  | 2737990 | 32599 | SH |  | OTR | 2 | 32599 | 0 | 0 |
| Marathon Oil Corporation | COM | 565849106 |  | 244426 | 9533 | SH |  | OTR | 2 | 9533 | 0 | 0 |
| Marathon Petroleum Corporation | COM | 56585A102 |  | 4358712 | 39296 | SH |  | OTR | 2 | 39296 | 0 | 0 |
| Marsh  McLennan Companies Inc. | COM | 571748102 |  | 617114 | 3718 | SH |  | OTR | 2 | 3718 | 0 | 0 |
| Merck  Company Inc. | COM | 58933Y105 |  | 6068244 | 5460 | SH |  | OTR | 2 | 5460 | 0 | 0 |
| Micron Technology Inc. | COM | 595112103 |  | 7505 | 149 | SH |  | OTR | 2 | 149 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 9344 | 39 | SH |  | OTR | 2 | 39 | 0 | 0 |
| Northrop Grumman Corporation | COM | 666807102 |  | 612194 | 1133 | SH |  | OTR | 2 | 1133 | 0 | 0 |
| NOV Inc. | COM | 62955J103 |  | 247093 | 12448 | SH |  | OTR | 2 | 12448 | 0 | 0 |
| Novo Nordisk AS | ADR | 670100205 |  | 17120 | 125 | SH |  | OTR | 2 | 125 | 0 | 0 |
| Nucor Corporation | COM | 670346105 |  | 507858 | 3875 | SH |  | OTR | 2 | 3875 | 0 | 0 |
| Occidental Petroleum Corporation | COM | 674599105 |  | 537179 | 8799 | SH |  | OTR | 2 | 8799 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 10465 | 125 | SH |  | OTR | 2 | 125 | 0 | 0 |
| Pacer US Small Cap Cash Cows 100 ETF | ETF | 69374H857 |  | 93710 | 2636 | SH |  | OTR | 2 | 2636 | 0 | 0 |
| Pediatrix Medical Group Inc. | COM | 58502B106 |  | 2091160 | 139225 | SH |  | OTR | 2 | 139225 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 595821 | 3321 | SH |  | OTR | 2 | 3321 | 0 | 0 |
| Pfizer Inc. | COM | 717081103 |  | 574163 | 11201 | SH |  | OTR | 2 | 11201 | 0 | 0 |
| Quest Diagnostics Inc. | COM | 74834L100 |  | 578841 | 3716 | SH |  | OTR | 2 | 3716 | 0 | 0 |
| Range Resources Corporation | COM | 75281A109 |  | 586713 | 25170 | SH |  | OTR | 2 | 25170 | 0 | 0 |
| Republic Services Inc. | COM | 760759100 |  | 1618794 | 12580 | SH |  | OTR | 2 | 12580 | 0 | 0 |
| Rivian Automotive Inc. | COM | 76954A103 |  | 9537 | 550 | SH |  | OTR | 2 | 550 | 0 | 0 |
| Signature Bank | COM | 82669G104 |  | 10751 | 95 | SH |  | OTR | 2 | 95 | 0 | 0 |
| Silvergate Capital Corporation Class A | COM | 82837P408 |  | 19101 | 1106 | SH |  | OTR | 2 | 1106 | 0 | 0 |
| Siren DIVCON Leaders Dividend | ETF | 829658301 |  | 94886 | 1956 | SH |  | OTR | 2 | 1956 | 0 | 0 |
| SM Energy Company | COM | 78454L100 |  | 631733 | 19754 | SH |  | OTR | 2 | 19754 | 0 | 0 |
| Southwestern Energy Company | COM | 845467109 |  | 409701 | 74491 | SH |  | OTR | 2 | 74491 | 0 | 0 |
| SPDR Bloomberg 1-3 Month T-Bill ETF | ETF | 78468R663 |  | 3539361 | 38690 | SH |  | OTR | 2 | 38690 | 0 | 0 |
| SPDR Bloomberg Convertible Securities ETF | ETF | 78464A359 |  | 204062 | 3183 | SH |  | OTR | 2 | 3183 | 0 | 0 |
| SPDR Gold Shares | ETF | 78463V107 |  | 1324688 | 7744 | SH |  | OTR | 2 | 7744 | 0 | 0 |
| SPDR S 500 ETF Trust | ETF | 78462F103 |  | 190410 | 500 | SH |  | OTR | 2 | 500 | 0 | 0 |
| SPDR S Global Infrastructure ETF | ETF | 78463X855 |  | 171112 | 3268 | SH |  | OTR | 2 | 3268 | 0 | 0 |
| SPDR S Global Natural Resources ETF | ETF | 78463X541 |  | 47253 | 842 | SH |  | OTR | 2 | 842 | 0 | 0 |
| SPDR S Kensho Intelligent Structures ETF | ETF | 78468R697 |  | 91430 | 2811 | SH |  | OTR | 2 | 2811 | 0 | 0 |
| SPDR S North American Natural Resources ETF | ETF | 78463X152 |  | 99098 | 1861 | SH |  | OTR | 2 | 1861 | 0 | 0 |
| SPDR S Oil  Gas Equipment  Services ETF | ETF | 78468R549 |  | 17750 | 236 | SH |  | OTR | 2 | 236 | 0 | 0 |
| SPDR S Oil  Gas Exploration  Production ETF | ETF | 78468R556 |  | 7312 | 57 | SH |  | OTR | 2 | 57 | 0 | 0 |
| SPDR S Retail ETF | ETF | 78464A714 |  | 32596 | 543 | SH |  | OTR | 2 | 543 | 0 | 0 |
| Sturm Ruger  Company Inc. | COM | 864159108 |  | 596826 | 11473 | SH |  | OTR | 2 | 11473 | 0 | 0 |
| Sunstone Hotel Investors Inc. | REIT | 867892101 |  | 2958694 | 313421 | SH |  | OTR | 2 | 313421 | 0 | 0 |
| Thor Industries Inc. | COM | 885160101 |  | 470883 | 6241 | SH |  | OTR | 2 | 6241 | 0 | 0 |
| Toll Brothers Inc. | COM | 889478103 |  | 14365 | 284 | SH |  | OTR | 2 | 284 | 0 | 0 |
| Uber Technologies Inc. | COM | 90353T100 |  | 16991 | 670 | SH |  | OTR | 2 | 670 | 0 | 0 |
| Union Pacific Corporation | COM | 907818108 |  | 584130 | 2814 | SH |  | OTR | 2 | 2814 | 0 | 0 |
| Utilities Select Sector SPDR Fund | ETF | 81369Y886 |  | 152210 | 2159 | SH |  | OTR | 2 | 2159 | 0 | 0 |
| VanEck Oil Services ETF | ETF | 92189H607 |  | 17086 | 59 | SH |  | OTR | 2 | 59 | 0 | 0 |
| VanEck Vectors Pharmaceutical ETF | ETF | 92189F692 |  | 125908 | 1607 | SH |  | OTR | 2 | 1607 | 0 | 0 |
| Vanguard Consumer Staples ETF | ETF | 92204A207 |  | 25782 | 135 | SH |  | OTR | 2 | 135 | 0 | 0 |
| Vanguard Dividend Appreciation ETF | ETF | 921908844 |  | 6053138 | 39881 | SH |  | OTR | 2 | 39881 | 0 | 0 |
| Vanguard International Dividend Appreciation ETF | ETF | 921946810 |  | 4847644 | 69173 | SH |  | OTR | 2 | 69173 | 0 | 0 |
| Veritiv Corporation | COM | 923454102 |  | 3677474 | 31287 | SH |  | OTR | 2 | 31287 | 0 | 0 |
| Verizon Communications Inc. | COM | 92343V104 |  | 593736 | 14799 | SH |  | OTR | 2 | 14799 | 0 | 0 |
| Vir Biotechnology Inc. | COM | 92764N102 |  | 483772 | 19413 | SH |  | OTR | 2 | 19413 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 593965 | 2864 | SH |  | OTR | 2 | 2864 | 0 | 0 |
| Voya Financial Inc. | COM | 929089100 |  | 3010876 | 48862 | SH |  | OTR | 2 | 48862 | 0 | 0 |
| Warner Bros Discovery Inc. | COM | 934423104 |  | 15693 | 1645 | SH |  | OTR | 2 | 1645 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 1731570 | 11027 | SH |  | OTR | 2 | 11027 | 0 | 0 |
| WisdomTree International Hedged Quality Dividend Growth Fund | ETF | 97717X594 |  | 99936 | 2747 | SH |  | OTR | 2 | 2747 | 0 | 0 |
| World Wrestling Entertainment Inc. | COM | 98156Q108 |  | 563179 | 8212 | SH |  | OTR | 2 | 8212 | 0 | 0 |

---