# EDGAR Filing Document

**Accession Number:** 0001843553
**File Stem:** 0001843553-26-000001
**Filing Date:** 2026-1
**Character Count:** 19906
**Document Hash:** b838e40c58d92e1739c1374f73b7fcfe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001843553-26-000001.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001843553-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**EFFECTIVENESS DATE**: 20260116

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ellsworth Advisors, LLC
- **CENTRAL INDEX KEY:** 0001843553

**ORGANIZATION NAME:**
- **EIN:** 825501752
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20543
- **FILM NUMBER:** 26538182

**BUSINESS ADDRESS:**
- **STREET 1:** 1764 GEORGETOWN ROAD
- **CITY:** HUDSON
- **STATE:** OH
- **ZIP:** 44236
- **BUSINESS PHONE:** 2349012831

**MAIL ADDRESS:**
- **STREET 1:** 1764 GEORGETOWN ROAD
- **CITY:** HUDSON
- **STATE:** OH
- **ZIP:** 44236

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Ellsworth Advisors LLC<br>**Address:** 1764 GEORGETOWN ROAD<br>HUDSON, OH 44236

**Form 13F File Number:** 028-20543

**CRD Number (if applicable):** 000297464

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:** MICHELLE SCHWAB<br>**Title:** Chief Compliance Officer<br>**Phone:** 3122187464

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

MICHELLE SCHWAB  Hudson, OH  01-16-2026<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:** 165

**Form 13F Information Table Value Total:** $505979593

      (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 |
| 1ST SOURCE CORP | COM | 336901103 |  | 709020 | 10846 | SH |  | SOLE | 0 | 0 | 0 | 10846 |
| AB ACTIVE ETFS INC | ULTRA SHORT INCM | 00039J103 |  | 429855 | 8507 | SH |  | SOLE | 0 | 0 | 0 | 8507 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 8361017 | 36684 | SH |  | SOLE | 0 | 0 | 0 | 36684 |
| ALICO INC | COM | 016230104 |  | 907984 | 23139 | SH |  | SOLE | 0 | 0 | 0 | 23139 |
| ALLIENT INC | COM | 019330109 |  | 967017 | 15645 | SH |  | SOLE | 0 | 0 | 0 | 15645 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 10912925 | 32756 | SH |  | SOLE | 0 | 0 | 0 | 32756 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 479025 | 1439 | SH |  | SOLE | 0 | 0 | 0 | 1439 |
| ALPS ETF TR | OSHARES US SMLCP | 00162Q395 |  | 390336 | 8515 | SH |  | SOLE | 0 | 0 | 0 | 8515 |
| ALPS ETF TR | ACTIVE REIT ETF | 00162Q445 |  | 3914505 | 145061 | SH |  | SOLE | 0 | 0 | 0 | 145061 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 6898049 | 112018 | SH |  | SOLE | 0 | 0 | 0 | 112018 |
| AMAZON COM INC | COM | 023135106 |  | 7064657 | 29661 | SH |  | SOLE | 0 | 0 | 0 | 29661 |
| AMCOR PLC | ORD | G0250X107 |  | 1006539 | 22793 | SH |  | SOLE | 0 | 0 | 0 | 22793 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 6732009 | 56382 | SH |  | SOLE | 0 | 0 | 0 | 56382 |
| AMGEN INC | COM | 031162100 |  | 9180627 | 27818 | SH |  | SOLE | 0 | 0 | 0 | 27818 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 3970984 | 25749 | SH |  | SOLE | 0 | 0 | 0 | 25749 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 7769386 | 78837 | SH |  | SOLE | 0 | 0 | 0 | 78837 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 649825 | 7619 | SH |  | SOLE | 0 | 0 | 0 | 7619 |
| APPLE INC | COM | 037833100 |  | 12068652 | 46740 | SH |  | SOLE | 0 | 0 | 0 | 46740 |
| ARCHROCK INC | COM | 03957W106 |  | 5312158 | 202909 | SH |  | SOLE | 0 | 0 | 0 | 202909 |
| ARCUTIS BIOTHERAPEUTICS INC | COM | 03969K108 |  | 787821 | 29887 | SH |  | SOLE | 0 | 0 | 0 | 29887 |
| ASSEMBLY BIOSCIENCES INC | COM NEW | 045396207 |  | 889374 | 29735 | SH |  | SOLE | 0 | 0 | 0 | 29735 |
| ASTRONICS CORP | COM | 046433108 |  | 1364349 | 18842 | SH |  | SOLE | 0 | 0 | 0 | 18842 |
| AT INC | COM | 00206R102 |  | 5132483 | 216287 | SH |  | SOLE | 0 | 0 | 0 | 216287 |
| BANK AMERICA CORP | COM | 060505104 |  | 307122 | 5840 | SH |  | SOLE | 0 | 0 | 0 | 5840 |
| BANK FIRST CORP | COM | 06211J100 |  | 934230 | 7199 | SH |  | SOLE | 0 | 0 | 0 | 7199 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6236077 | 12659 | SH |  | SOLE | 0 | 0 | 0 | 12659 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 2670826 | 27503 | SH |  | SOLE | 0 | 0 | 0 | 27503 |
| BRC INC | COM CL A | 05601U105 |  | 15136 | 15267 | SH |  | SOLE | 0 | 0 | 0 | 15267 |
| BRIGHTSPRING HEALTH SVCS INC | COM | 10950A106 |  | 1249538 | 31554 | SH |  | SOLE | 0 | 0 | 0 | 31554 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 6563135 | 115915 | SH |  | SOLE | 0 | 0 | 0 | 115915 |
| BROADCOM INC | COM | 11135F101 |  | 3890287 | 11341 | SH |  | SOLE | 0 | 0 | 0 | 11341 |
| CATERPILLAR INC | COM | 149123101 |  | 552576 | 854 | SH |  | SOLE | 0 | 0 | 0 | 854 |
| CECO ENVIRONMENTAL CORP | COM | 125141101 |  | 995510 | 15047 | SH |  | SOLE | 0 | 0 | 0 | 15047 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6534505 | 39327 | SH |  | SOLE | 0 | 0 | 0 | 39327 |
| CISCO SYS INC | COM | 17275R102 |  | 7441452 | 98890 | SH |  | SOLE | 0 | 0 | 0 | 98890 |
| COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 |  | 773475 | 16492 | SH |  | SOLE | 0 | 0 | 0 | 16492 |
| COMMUNITY TR BANCORP INC | COM | 204149108 |  | 760492 | 12707 | SH |  | SOLE | 0 | 0 | 0 | 12707 |
| CONSOLIDATED WATER CO INC | ORD | G23773107 |  | 884801 | 23557 | SH |  | SOLE | 0 | 0 | 0 | 23557 |
| CONTANGO ORE INC | COM | 21077F100 |  | 977203 | 33148 | SH |  | SOLE | 0 | 0 | 0 | 33148 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3012828 | 3149 | SH |  | SOLE | 0 | 0 | 0 | 3149 |
| CRA INTL INC | COM | 12618T105 |  | 961103 | 4423 | SH |  | SOLE | 0 | 0 | 0 | 4423 |
| CVS HEALTH CORP | COM | 126650100 |  | 2615023 | 32141 | SH |  | SOLE | 0 | 0 | 0 | 32141 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 7163606 | 33423 | SH |  | SOLE | 0 | 0 | 0 | 33423 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 4728489 | 39516 | SH |  | SOLE | 0 | 0 | 0 | 39516 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 2204426 | 13729 | SH |  | SOLE | 0 | 0 | 0 | 13729 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 324925 | 7968 | SH |  | SOLE | 0 | 0 | 0 | 7968 |
| DISNEY WALT CO | COM | 254687106 |  | 2464217 | 21728 | SH |  | SOLE | 0 | 0 | 0 | 21728 |
| DOUGLAS DYNAMICS INC | COM | 25960R105 |  | 919966 | 24918 | SH |  | SOLE | 0 | 0 | 0 | 24918 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6173899 | 51925 | SH |  | SOLE | 0 | 0 | 0 | 51925 |
| EATON CORP PLC | SHS | G29183103 |  | 2601320 | 7801 | SH |  | SOLE | 0 | 0 | 0 | 7801 |
| ELI LILLY  CO | COM | 532457108 |  | 4629782 | 4482 | SH |  | SOLE | 0 | 0 | 0 | 4482 |
| ENBRIDGE INC | COM | 29250N105 |  | 478940 | 10232 | SH |  | SOLE | 0 | 0 | 0 | 10232 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 2567133 | 147029 | SH |  | SOLE | 0 | 0 | 0 | 147029 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 7037161 | 215731 | SH |  | SOLE | 0 | 0 | 0 | 215731 |
| EOG RES INC | COM | 26875P101 |  | 3942182 | 36495 | SH |  | SOLE | 0 | 0 | 0 | 36495 |
| EQT CORP | COM | 26884L109 |  | 210236 | 4211 | SH |  | SOLE | 0 | 0 | 0 | 4211 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 1376477 | 19751 | SH |  | SOLE | 0 | 0 | 0 | 19751 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 6025696 | 20476 | SH |  | SOLE | 0 | 0 | 0 | 20476 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3636784 | 28164 | SH |  | SOLE | 0 | 0 | 0 | 28164 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 964820 | 44792 | SH |  | SOLE | 0 | 0 | 0 | 44792 |
| FIRST SOLAR INC | COM | 336433107 |  | 1991026 | 8172 | SH |  | SOLE | 0 | 0 | 0 | 8172 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 1903087 | 26188 | SH |  | SOLE | 0 | 0 | 0 | 26188 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 1150081 | 28306 | SH |  | SOLE | 0 | 0 | 0 | 28306 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 13095309 | 218255 | SH |  | SOLE | 0 | 0 | 0 | 218255 |
| FIRST TR EXCHNG TRADED FD VI | VEST BUFFERED | 33740U778 |  | 3603442 | 129807 | SH |  | SOLE | 0 | 0 | 0 | 129807 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3073452 | 51258 | SH |  | SOLE | 0 | 0 | 0 | 51258 |
| GENUINE PARTS CO | COM | 372460105 |  | 6454736 | 47406 | SH |  | SOLE | 0 | 0 | 0 | 47406 |
| GIGACLOUD TECHNOLOGY INC | CLASS A ORD | G38644103 |  | 795841 | 19140 | SH |  | SOLE | 0 | 0 | 0 | 19140 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 6473673 | 6634 | SH |  | SOLE | 0 | 0 | 0 | 6634 |
| GORMAN RUPP CO | COM | 383082104 |  | 989498 | 18716 | SH |  | SOLE | 0 | 0 | 0 | 18716 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 372943 | 8848 | SH |  | SOLE | 0 | 0 | 0 | 8848 |
| HARBOR ETF TRUST | HARBOR COMMODITY | 41151J505 |  | 13503603 | 525330 | SH |  | SOLE | 0 | 0 | 0 | 525330 |
| HARMONIC INC | COM | 413160102 |  | 4719719 | 461812 | SH |  | SOLE | 0 | 0 | 0 | 461812 |
| HARROW INC | COM | 415858109 |  | 916897 | 18909 | SH |  | SOLE | 0 | 0 | 0 | 18909 |
| HCI GROUP INC | COM | 40416E103 |  | 772579 | 4416 | SH |  | SOLE | 0 | 0 | 0 | 4416 |
| HERC HLDGS INC | COM | 42704L104 |  | 3072497 | 19347 | SH |  | SOLE | 0 | 0 | 0 | 19347 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2424761 | 11277 | SH |  | SOLE | 0 | 0 | 0 | 11277 |
| IBEX LTD | SHS NEW | G4690M101 |  | 989655 | 26071 | SH |  | SOLE | 0 | 0 | 0 | 26071 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 367733 | 1234 | SH |  | SOLE | 0 | 0 | 0 | 1234 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1035440 | 1665 | SH |  | SOLE | 0 | 0 | 0 | 1665 |
| IRADIMED CORP | COM | 46266A109 |  | 1211608 | 11812 | SH |  | SOLE | 0 | 0 | 0 | 11812 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 310533 | 4421 | SH |  | SOLE | 0 | 0 | 0 | 4421 |
| ISHARES TR | CORE S ETF | 464287200 |  | 497856 | 716 | SH |  | SOLE | 0 | 0 | 0 | 716 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 702240 | 4750 | SH |  | SOLE | 0 | 0 | 0 | 4750 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 217485 | 1275 | SH |  | SOLE | 0 | 0 | 0 | 1275 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 4790286 | 94558 | SH |  | SOLE | 0 | 0 | 0 | 94558 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10800762 | 49191 | SH |  | SOLE | 0 | 0 | 0 | 49191 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3228955 | 10441 | SH |  | SOLE | 0 | 0 | 0 | 10441 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 655403 | 20886 | SH |  | SOLE | 0 | 0 | 0 | 20886 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2586482 | 94363 | SH |  | SOLE | 0 | 0 | 0 | 94363 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4992835 | 22959 | SH |  | SOLE | 0 | 0 | 0 | 22959 |
| LENNAR CORP | CL A | 526057104 |  | 2257346 | 18465 | SH |  | SOLE | 0 | 0 | 0 | 18465 |
| LIGAND PHARMACEUTICALS INC | COM NEW | 53220K504 |  | 1287265 | 6565 | SH |  | SOLE | 0 | 0 | 0 | 6565 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 5354996 | 66621 | SH |  | SOLE | 0 | 0 | 0 | 66621 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 267557 | 493 | SH |  | SOLE | 0 | 0 | 0 | 493 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 |  | 621466 | 27633 | SH |  | SOLE | 0 | 0 | 0 | 27633 |
| MCDONALDS CORP | COM | 580135101 |  | 1475772 | 4782 | SH |  | SOLE | 0 | 0 | 0 | 4782 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 6138792 | 62008 | SH |  | SOLE | 0 | 0 | 0 | 62008 |
| MERCK  CO INC | COM | 58933Y105 |  | 1961313 | 17674 | SH |  | SOLE | 0 | 0 | 0 | 17674 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7840764 | 12630 | SH |  | SOLE | 0 | 0 | 0 | 12630 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 2864432 | 38475 | SH |  | SOLE | 0 | 0 | 0 | 38475 |
| MICROSOFT CORP | COM | 594918104 |  | 8227223 | 18016 | SH |  | SOLE | 0 | 0 | 0 | 18016 |
| MOODYS CORP | COM | 615369105 |  | 2387527 | 4425 | SH |  | SOLE | 0 | 0 | 0 | 4425 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 476365 | 2491 | SH |  | SOLE | 0 | 0 | 0 | 2491 |
| NETFLIX INC | COM | 64110L106 |  | 1046738 | 11888 | SH |  | SOLE | 0 | 0 | 0 | 11888 |
| NEWMONT CORP | COM | 651639106 |  | 2896195 | 25359 | SH |  | SOLE | 0 | 0 | 0 | 25359 |
| NICOLET BANKSHARES INC | COM | 65406E102 |  | 846123 | 6358 | SH |  | SOLE | 0 | 0 | 0 | 6358 |
| NIKE INC | CL B | 654106103 |  | 1807547 | 27985 | SH |  | SOLE | 0 | 0 | 0 | 27985 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 36000 | 17822 | SH |  | SOLE | 0 | 0 | 0 | 17822 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 242635 | 1695 | SH |  | SOLE | 0 | 0 | 0 | 1695 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 4123378 | 26015 | SH |  | SOLE | 0 | 0 | 0 | 26015 |
| NUCOR CORP | COM | 670346105 |  | 2804947 | 16048 | SH |  | SOLE | 0 | 0 | 0 | 16048 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 15239628 | 81474 | SH |  | SOLE | 0 | 0 | 0 | 81474 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 |  | 1031015 | 14884 | SH |  | SOLE | 0 | 0 | 0 | 14884 |
| OLD REP INTL CORP | COM | 680223104 |  | 6429569 | 148420 | SH |  | SOLE | 0 | 0 | 0 | 148420 |
| ONESPAWORLD HOLDINGS LIMITED | COM | P73684113 |  | 505792 | 25064 | SH |  | SOLE | 0 | 0 | 0 | 25064 |
| OVINTIV INC | COM | 69047Q102 |  | 3661418 | 91650 | SH |  | SOLE | 0 | 0 | 0 | 91650 |
| PACKAGING CORP AMER | COM | 695156109 |  | 7337413 | 33057 | SH |  | SOLE | 0 | 0 | 0 | 33057 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 310881 | 1656 | SH |  | SOLE | 0 | 0 | 0 | 1656 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1869263 | 1979 | SH |  | SOLE | 0 | 0 | 0 | 1979 |
| PEPSICO INC | COM | 713448108 |  | 2478236 | 16908 | SH |  | SOLE | 0 | 0 | 0 | 16908 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 5780689 | 458421 | SH |  | SOLE | 0 | 0 | 0 | 458421 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 1363388 | 67595 | SH |  | SOLE | 0 | 0 | 0 | 67595 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 6958235 | 32358 | SH |  | SOLE | 0 | 0 | 0 | 32358 |
| PRIMERICA INC | COM | 74164M108 |  | 2388140 | 8918 | SH |  | SOLE | 0 | 0 | 0 | 8918 |
| PROASSURANCE CORP | COM | 74267C106 |  | 898812 | 37141 | SH |  | SOLE | 0 | 0 | 0 | 37141 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 660253 | 4565 | SH |  | SOLE | 0 | 0 | 0 | 4565 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 5271360 | 17989 | SH |  | SOLE | 0 | 0 | 0 | 17989 |
| RADNET INC | COM | 750491102 |  | 741432 | 10158 | SH |  | SOLE | 0 | 0 | 0 | 10158 |
| RED VIOLET INC | COM | 75704L104 |  | 925091 | 18040 | SH |  | SOLE | 0 | 0 | 0 | 18040 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1737219 | 20118 | SH |  | SOLE | 0 | 0 | 0 | 20118 |
| ROYAL GOLD INC | COM | 780287108 |  | 1922017 | 7417 | SH |  | SOLE | 0 | 0 | 0 | 7417 |
| RTX CORPORATION | COM | 75513E101 |  | 3653258 | 18282 | SH |  | SOLE | 0 | 0 | 0 | 18282 |
| SANMINA CORPORATION | COM | 801056102 |  | 6517502 | 37371 | SH |  | SOLE | 0 | 0 | 0 | 37371 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 205469 | 1413 | SH |  | SOLE | 0 | 0 | 0 | 1413 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1356949 | 3810 | SH |  | SOLE | 0 | 0 | 0 | 3810 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 743445 | 33190 | SH |  | SOLE | 0 | 0 | 0 | 33190 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 2319717 | 96174 | SH |  | SOLE | 0 | 0 | 0 | 96174 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 19169652 | 45283 | SH |  | SOLE | 0 | 0 | 0 | 45283 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 763003 | 1102 | SH |  | SOLE | 0 | 0 | 0 | 1102 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 293320 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| STRATEGIC ED INC | COM | 86272C103 |  | 6057041 | 71664 | SH |  | SOLE | 0 | 0 | 0 | 71664 |
| STRYKER CORPORATION | COM | 863667101 |  | 339181 | 936 | SH |  | SOLE | 0 | 0 | 0 | 936 |
| T-MOBILE US INC | COM | 872590104 |  | 2007651 | 10530 | SH |  | SOLE | 0 | 0 | 0 | 10530 |
| TAT TECHNOLOGIES LTD | ORD NEW | M8740S227 |  | 1365773 | 26489 | SH |  | SOLE | 0 | 0 | 0 | 26489 |
| TECHNIPFMC PLC | COM | G87110105 |  | 6096312 | 116542 | SH |  | SOLE | 0 | 0 | 0 | 116542 |
| THERAVANCE BIOPHARMA INC | COM | G8807B106 |  | 670307 | 33332 | SH |  | SOLE | 0 | 0 | 0 | 33332 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 |  | 376996 | 10677 | SH |  | SOLE | 0 | 0 | 0 | 10677 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 2580667 | 11108 | SH |  | SOLE | 0 | 0 | 0 | 11108 |
| TRINITY INDS INC | COM | 896522109 |  | 1317077 | 47929 | SH |  | SOLE | 0 | 0 | 0 | 47929 |
| UNITED FIRE GROUP INC | COM | 910340108 |  | 914583 | 25583 | SH |  | SOLE | 0 | 0 | 0 | 25583 |
| UNITED STS LIME  MINERALS I | COM | 911922102 |  | 847938 | 6459 | SH |  | SOLE | 0 | 0 | 0 | 6459 |
| US BANCORP DEL | COM NEW | 902973304 |  | 7092153 | 131458 | SH |  | SOLE | 0 | 0 | 0 | 131458 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 756579 | 1558 | SH |  | SOLE | 0 | 0 | 0 | 1558 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 258742 | 859 | SH |  | SOLE | 0 | 0 | 0 | 859 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 271341 | 793 | SH |  | SOLE | 0 | 0 | 0 | 793 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 282423 | 1276 | SH |  | SOLE | 0 | 0 | 0 | 1276 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 538296 | 846 | SH |  | SOLE | 0 | 0 | 0 | 846 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 407113 | 1808 | SH |  | SOLE | 0 | 0 | 0 | 1808 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 437065 | 6728 | SH |  | SOLE | 0 | 0 | 0 | 6728 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 6207528 | 35977 | SH |  | SOLE | 0 | 0 | 0 | 35977 |
| VISA INC | COM CL A | 92826C839 |  | 2843703 | 8676 | SH |  | SOLE | 0 | 0 | 0 | 8676 |
| WALMART INC | COM | 931142103 |  | 850140 | 7132 | SH |  | SOLE | 0 | 0 | 0 | 7132 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 1041917 | 10171 | SH |  | SOLE | 0 | 0 | 0 | 10171 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 6498128 | 155943 | SH |  | SOLE | 0 | 0 | 0 | 155943 |

---