# EDGAR Filing Document

**Accession Number:** 0001963807
**File Stem:** 0001172661-25-002781
**Filing Date:** 2025-7
**Character Count:** 24776
**Document Hash:** 75603ab860727946ded435a8426630fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-002781.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001172661-25-002781

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldstein Advisors, LLC
- **CENTRAL INDEX KEY:** 0001963807

**ORGANIZATION NAME:**
- **EIN:** 883791278
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22809
- **FILM NUMBER:** 251160198

**BUSINESS ADDRESS:**
- **STREET 1:** 1241 JOHN Q HAMMONS DR
- **STREET 2:** STE 302
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717
- **BUSINESS PHONE:** 608-831-3230

**MAIL ADDRESS:**
- **STREET 1:** 1241 JOHN Q HAMMONS DR
- **STREET 2:** STE 302
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717

### FORM 13F COVER PAGE

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

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Goldstein Advisors LLC<br>**Address:** 1241 John Q Hammons Dr<br>Ste 302<br>Madison, WI 53717

**Form 13F File Number:** 028-22809

**CRD Number (if applicable):** 000323125

**SEC File Number (if applicable):** 801-126612

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:** Andy Peters<br>**Title:** Principal<br>**Phone:** 608-831-3230

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

/s/ Andy Peters  Madison, WI  07-29-2025<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:** 210

**Form 13F Information Table Value Total:** $744371195

      (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 |  | 280725 | 2064 | SH |  | SOLE |  | 0 | 0 | 2064 |
| ABBVIE INC | COM | 00287Y109 |  | 622198 | 3352 | SH |  | SOLE |  | 0 | 0 | 3352 |
| ADOBE INC | COM | 00724F101 |  | 249924 | 646 | SH |  | SOLE |  | 0 | 0 | 646 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 12541 | 13000 | PRN |  | SOLE |  | 0 | 0 | 13000 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 1083622 | 17920 | SH |  | SOLE |  | 0 | 0 | 17920 |
| ALLIANT ENERGY CORP | NOTE 3.875% 3/1 | 018802AC2 |  | 11236 | 11000 | PRN |  | SOLE |  | 0 | 0 | 11000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1400406 | 7946 | SH |  | SOLE |  | 0 | 0 | 7946 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1264791 | 7130 | SH |  | SOLE |  | 0 | 0 | 7130 |
| AMAZON COM INC | COM | 023135106 |  | 2295916 | 10465 | SH |  | SOLE |  | 0 | 0 | 10465 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 573353 | 7232 | SH |  | SOLE |  | 0 | 0 | 7232 |
| AMERICAN CENTY ETF TR | MULTISECTOR | 025072398 |  | 353176 | 8010 | SH |  | SOLE |  | 0 | 0 | 8010 |
| AMERICAN CENTY ETF TR | DIVERSIFIED MU | 025072505 |  | 20159845 | 412014 | SH |  | SOLE |  | 0 | 0 | 412014 |
| AMERICAN WTR CAP CORP | NOTE 3.625% 6/1 | 03040WBE4 |  | 12971 | 13000 | PRN |  | SOLE |  | 0 | 0 | 13000 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 324295 | 3284 | SH |  | SOLE |  | 0 | 0 | 3284 |
| ANALOG DEVICES INC | COM | 032654105 |  | 206363 | 867 | SH |  | SOLE |  | 0 | 0 | 867 |
| APPLE INC | COM | 037833100 |  | 4439772 | 21639 | SH |  | SOLE |  | 0 | 0 | 21639 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 611940 | 1748 | SH |  | SOLE |  | 0 | 0 | 1748 |
| ARBOR REALTY TRUST INC | NOTE 7.500% 8/0 | 038923BA5 |  | 17015 | 17000 | PRN |  | SOLE |  | 0 | 0 | 17000 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 267664 | 334 | SH |  | SOLE |  | 0 | 0 | 334 |
| AUTODESK INC | COM | 052769106 |  | 206174 | 666 | SH |  | SOLE |  | 0 | 0 | 666 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 371005 | 1203 | SH |  | SOLE |  | 0 | 0 | 1203 |
| BANK AMERICA CORP | COM | 060505104 |  | 291255 | 6155 | SH |  | SOLE |  | 0 | 0 | 6155 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 3644000 | 5 | SH |  | SOLE |  | 0 | 0 | 5 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 655318 | 1349 | SH |  | SOLE |  | 0 | 0 | 1349 |
| BLACKROCK ETF TRUST | US CARBON TRANS | 09290C509 |  | 240296 | 3572 | SH |  | SOLE |  | 0 | 0 | 3572 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 1507289 | 27677 | SH |  | SOLE |  | 0 | 0 | 27677 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 19444648 | 546505 | SH |  | SOLE |  | 0 | 0 | 546505 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 4598612 | 87029 | SH |  | SOLE |  | 0 | 0 | 87029 |
| BLACKSTONE MORTGAGE TRUST IN | NOTE 5.500% 3/1 | 09257WAE0 |  | 17487 | 18000 | PRN |  | SOLE |  | 0 | 0 | 18000 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 225780 | 39 | SH |  | SOLE |  | 0 | 0 | 39 |
| BROADCOM INC | COM | 11135F101 |  | 1387071 | 5032 | SH |  | SOLE |  | 0 | 0 | 5032 |
| CAPITAL SOUTHWEST CORP | NOTE 5.125%11/1 | 140501AE7 |  | 13947 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| CHUBB LIMITED | COM | H1467J104 |  | 246262 | 850 | SH |  | SOLE |  | 0 | 0 | 850 |
| CISCO SYS INC | COM | 17275R102 |  | 209042 | 3013 | SH |  | SOLE |  | 0 | 0 | 3013 |
| CITIGROUP INC | COM NEW | 172967424 |  | 213907 | 2513 | SH |  | SOLE |  | 0 | 0 | 2513 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 667220 | 674 | SH |  | SOLE |  | 0 | 0 | 674 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 626961 | 1231 | SH |  | SOLE |  | 0 | 0 | 1231 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 3259945 | 74513 | SH |  | SOLE |  | 0 | 0 | 74513 |
| DBX ETF TR | XTRACKERS RUSSEL | 233051481 |  | 1614436 | 28719 | SH |  | SOLE |  | 0 | 0 | 28719 |
| DBX ETF TR | XTRACKRS S 500 | 233051143 |  | 598512 | 10823 | SH |  | SOLE |  | 0 | 0 | 10823 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 286528 | 5310 | SH |  | SOLE |  | 0 | 0 | 5310 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 304778 | 7116 | SH |  | SOLE |  | 0 | 0 | 7116 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 209096 | 3282 | SH |  | SOLE |  | 0 | 0 | 3282 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 372867 | 8819 | SH |  | SOLE |  | 0 | 0 | 8819 |
| DISNEY WALT CO | COM | 254687106 |  | 440052 | 3549 | SH |  | SOLE |  | 0 | 0 | 3549 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 229392 | 1944 | SH |  | SOLE |  | 0 | 0 | 1944 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 16822 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| ELI LILLY  CO | COM | 532457108 |  | 495781 | 636 | SH |  | SOLE |  | 0 | 0 | 636 |
| ENVIRI CORP | COM | 415864107 |  | 108352 | 12483 | SH |  | SOLE |  | 0 | 0 | 12483 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 529062 | 9956 | SH |  | SOLE |  | 0 | 0 | 9956 |
| EXCHANGE TRADED CONCEPTS TRU | EMQQ THE EMERGIN | 301505889 |  | 402032 | 9648 | SH |  | SOLE |  | 0 | 0 | 9648 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 480249 | 4455 | SH |  | SOLE |  | 0 | 0 | 4455 |
| FASTENAL CO | COM | 311900104 |  | 211260 | 5030 | SH |  | SOLE |  | 0 | 0 | 5030 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 324617 | 5174 | SH |  | SOLE |  | 0 | 0 | 5174 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 3924384 | 87794 | SH |  | SOLE |  | 0 | 0 | 87794 |
| FIRSTENERGY CORP | NOTE 4.000% 5/0 | 337932AR8 |  | 13065 | 13000 | PRN |  | SOLE |  | 0 | 0 | 13000 |
| FISERV INC | COM | 337738108 |  | 258615 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| FLEXSHARES TR | MORNSTAR USMKT | 33939L100 |  | 3141139 | 14022 | SH |  | SOLE |  | 0 | 0 | 14022 |
| FRANKLIN TEMPLETON ETF TR | INTL COR DIV TIL | 35473P108 |  | 598609 | 16796 | SH |  | SOLE |  | 0 | 0 | 16796 |
| GE AEROSPACE | COM NEW | 369604301 |  | 208229 | 809 | SH |  | SOLE |  | 0 | 0 | 809 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 285099 | 5650 | SH |  | SOLE |  | 0 | 0 | 5650 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 268860 | 2425 | SH |  | SOLE |  | 0 | 0 | 2425 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 67827989 | 558807 | SH |  | SOLE |  | 0 | 0 | 558807 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 6617612 | 66077 | SH |  | SOLE |  | 0 | 0 | 66077 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 13928 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| HARTFORD FDS EXCHANGE TRADED | MUN OPORTUNITE | 41653L503 |  | 19337333 | 505155 | SH |  | SOLE |  | 0 | 0 | 505155 |
| HOME DEPOT INC | COM | 437076102 |  | 612289 | 1670 | SH |  | SOLE |  | 0 | 0 | 1670 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C573 |  | 275968 | 6983 | SH |  | SOLE |  | 0 | 0 | 6983 |
| INNOVATOR ETFS TRUST | EQUITY DEFINED P | 45784N726 |  | 211673 | 8450 | SH |  | SOLE |  | 0 | 0 | 8450 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 346837 | 8398 | SH |  | SOLE |  | 0 | 0 | 8398 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 395300 | 1341 | SH |  | SOLE |  | 0 | 0 | 1341 |
| INTUIT | COM | 461202103 |  | 303631 | 386 | SH |  | SOLE |  | 0 | 0 | 386 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 11964671 | 106381 | SH |  | SOLE |  | 0 | 0 | 106381 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 237684 | 3264 | SH |  | SOLE |  | 0 | 0 | 3264 |
| INVESCO EXCH TRADED FD TR II | RAFI EMRGNG MRKT | 46138E727 |  | 960464 | 41063 | SH |  | SOLE |  | 0 | 0 | 41063 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 1712107 | 7539 | SH |  | SOLE |  | 0 | 0 | 7539 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1035363 | 25389 | SH |  | SOLE |  | 0 | 0 | 25389 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP VALUE | 46137V738 |  | 277144 | 4460 | SH |  | SOLE |  | 0 | 0 | 4460 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4670184 | 8466 | SH |  | SOLE |  | 0 | 0 | 8466 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1227881 | 20454 | SH |  | SOLE |  | 0 | 0 | 20454 |
| ISHARES INC | EMNG MKTS EQT | 46434G889 |  | 301225 | 5785 | SH |  | SOLE |  | 0 | 0 | 5785 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 69027645 | 511164 | SH |  | SOLE |  | 0 | 0 | 511164 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 54611625 | 298718 | SH |  | SOLE |  | 0 | 0 | 298718 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 354520 | 3052 | SH |  | SOLE |  | 0 | 0 | 3052 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1097434 | 11691 | SH |  | SOLE |  | 0 | 0 | 11691 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 260288 | 2324 | SH |  | SOLE |  | 0 | 0 | 2324 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 285829 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| ISHARES TR | ESG ADV TTL USD | 46436E619 |  | 539410 | 12386 | SH |  | SOLE |  | 0 | 0 | 12386 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1646017 | 15061 | SH |  | SOLE |  | 0 | 0 | 15061 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1206119 | 14448 | SH |  | SOLE |  | 0 | 0 | 14448 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 299597 | 1992 | SH |  | SOLE |  | 0 | 0 | 1992 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 568446 | 5163 | SH |  | SOLE |  | 0 | 0 | 5163 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2112302 | 3402 | SH |  | SOLE |  | 0 | 0 | 3402 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 2226565 | 9265 | SH |  | SOLE |  | 0 | 0 | 9265 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1213874 | 2859 | SH |  | SOLE |  | 0 | 0 | 2859 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1150637 | 12511 | SH |  | SOLE |  | 0 | 0 | 12511 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 294086 | 1193 | SH |  | SOLE |  | 0 | 0 | 1193 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 740375 | 3431 | SH |  | SOLE |  | 0 | 0 | 3431 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 16477579 | 213136 | SH |  | SOLE |  | 0 | 0 | 213136 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 338045 | 2986 | SH |  | SOLE |  | 0 | 0 | 2986 |
| ISHARES TR | MRGSTR MD CP ETF | 464288208 |  | 3130863 | 39303 | SH |  | SOLE |  | 0 | 0 | 39303 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 5132007 | 70611 | SH |  | SOLE |  | 0 | 0 | 70611 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 |  | 917643 | 9470 | SH |  | SOLE |  | 0 | 0 | 9470 |
| ISHARES TR | MRGSTR SM CP ETF | 464288505 |  | 2438213 | 41839 | SH |  | SOLE |  | 0 | 0 | 41839 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 6257074 | 100888 | SH |  | SOLE |  | 0 | 0 | 100888 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 386307 | 4596 | SH |  | SOLE |  | 0 | 0 | 4596 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 422644 | 3420 | SH |  | SOLE |  | 0 | 0 | 3420 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 |  | 56312244 | 654261 | SH |  | SOLE |  | 0 | 0 | 654261 |
| J P MORGAN EXCHANGE TRADED F | DIVERSFD EQT ETF | 46641Q845 |  | 11039149 | 242683 | SH |  | SOLE |  | 0 | 0 | 242683 |
| J P MORGAN EXCHANGE TRADED F | DIVERSFED RTRN | 46641Q886 |  | 1186562 | 11442 | SH |  | SOLE |  | 0 | 0 | 11442 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 15160 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 552726 | 3619 | SH |  | SOLE |  | 0 | 0 | 3619 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1148406 | 10873 | SH |  | SOLE |  | 0 | 0 | 10873 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1188921 | 4101 | SH |  | SOLE |  | 0 | 0 | 4101 |
| KLA CORP | COM NEW | 482480100 |  | 208707 | 233 | SH |  | SOLE |  | 0 | 0 | 233 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 13912 | 11000 | PRN |  | SOLE |  | 0 | 0 | 11000 |
| LATTICE STRATEGIES TR | HARTFORD MLT ETF | 518416102 |  | 14740060 | 432260 | SH |  | SOLE |  | 0 | 0 | 432260 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 30362301 | 1180035 | SH |  | SOLE |  | 0 | 0 | 1180035 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 205634 | 444 | SH |  | SOLE |  | 0 | 0 | 444 |
| LOWES COS INC | COM | 548661107 |  | 259810 | 1171 | SH |  | SOLE |  | 0 | 0 | 1171 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 222357 | 593 | SH |  | SOLE |  | 0 | 0 | 593 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 16430 | 14000 | PRN |  | SOLE |  | 0 | 0 | 14000 |
| MANITOWOC CO INC | COM NEW | 563571405 |  | 231986 | 19300 | SH |  | SOLE |  | 0 | 0 | 19300 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 415274 | 739 | SH |  | SOLE |  | 0 | 0 | 739 |
| MCDONALDS CORP | COM | 580135101 |  | 570608 | 1953 | SH |  | SOLE |  | 0 | 0 | 1953 |
| MCKESSON CORP | COM | 58155Q103 |  | 234490 | 320 | SH |  | SOLE |  | 0 | 0 | 320 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 467840 | 179 | SH |  | SOLE |  | 0 | 0 | 179 |
| MERCK  CO INC | COM | 58933Y105 |  | 286163 | 3615 | SH |  | SOLE |  | 0 | 0 | 3615 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1679837 | 2276 | SH |  | SOLE |  | 0 | 0 | 2276 |
| MGE ENERGY INC | COM | 55277P104 |  | 920454 | 10408 | SH |  | SOLE |  | 0 | 0 | 10408 |
| MICROSOFT CORP | COM | 594918104 |  | 4840082 | 9731 | SH |  | SOLE |  | 0 | 0 | 9731 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 321689 | 4770 | SH |  | SOLE |  | 0 | 0 | 4770 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 231433 | 1643 | SH |  | SOLE |  | 0 | 0 | 1643 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 232935 | 554 | SH |  | SOLE |  | 0 | 0 | 554 |
| NATERA INC | COM | 632307104 |  | 276555 | 1637 | SH |  | SOLE |  | 0 | 0 | 1637 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 399870 | 7227 | SH |  | SOLE |  | 0 | 0 | 7227 |
| NETFLIX INC | COM | 64110L106 |  | 682956 | 510 | SH |  | SOLE |  | 0 | 0 | 510 |
| NEW MTN FIN CORP | NOTE 7.500%10/1 | 647551AE0 |  | 14805 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5011426 | 31720 | SH |  | SOLE |  | 0 | 0 | 31720 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 14720 | 16000 | PRN |  | SOLE |  | 0 | 0 | 16000 |
| ORACLE CORP | COM | 68389X105 |  | 680377 | 3112 | SH |  | SOLE |  | 0 | 0 | 3112 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1758296 | 31911 | SH |  | SOLE |  | 0 | 0 | 31911 |
| PEPSICO INC | COM | 713448108 |  | 370372 | 2805 | SH |  | SOLE |  | 0 | 0 | 2805 |
| PFIZER INC | COM | 717081103 |  | 238352 | 9833 | SH |  | SOLE |  | 0 | 0 | 9833 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 3845254 | 77276 | SH |  | SOLE |  | 0 | 0 | 77276 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 472627 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 205389 | 3999 | SH |  | SOLE |  | 0 | 0 | 3999 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 22406930 | 243078 | SH |  | SOLE |  | 0 | 0 | 243078 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 16146 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| PROGRESSIVE CORP | COM | 743315103 |  | 301552 | 1130 | SH |  | SOLE |  | 0 | 0 | 1130 |
| QUANTA SVCS INC | COM | 74762E102 |  | 311160 | 823 | SH |  | SOLE |  | 0 | 0 | 823 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 264130 | 2821 | SH |  | SOLE |  | 0 | 0 | 2821 |
| ROKU INC | COM CL A | 77543R102 |  | 239149 | 2721 | SH |  | SOLE |  | 0 | 0 | 2721 |
| RTX CORPORATION | COM | 75513E101 |  | 337598 | 2312 | SH |  | SOLE |  | 0 | 0 | 2312 |
| S GLOBAL INC | COM | 78409V104 |  | 300028 | 569 | SH |  | SOLE |  | 0 | 0 | 569 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 430044 | 19459 | SH |  | SOLE |  | 0 | 0 | 19459 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 364678 | 13001 | SH |  | SOLE |  | 0 | 0 | 13001 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 637469 | 26083 | SH |  | SOLE |  | 0 | 0 | 26083 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 478719 | 17301 | SH |  | SOLE |  | 0 | 0 | 17301 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 255124 | 10706 | SH |  | SOLE |  | 0 | 0 | 10706 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 795067 | 27219 | SH |  | SOLE |  | 0 | 0 | 27219 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 301007 | 1882 | SH |  | SOLE |  | 0 | 0 | 1882 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 266293 | 3261 | SH |  | SOLE |  | 0 | 0 | 3261 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 25617918 | 101165 | SH |  | SOLE |  | 0 | 0 | 101165 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 313867 | 2721 | SH |  | SOLE |  | 0 | 0 | 2721 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 10980 | 10000 | PRN |  | SOLE |  | 0 | 0 | 10000 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 42593413 | 1051949 | SH |  | SOLE |  | 0 | 0 | 1051949 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2367461 | 3832 | SH |  | SOLE |  | 0 | 0 | 3832 |
| SPDR SERIES TRUST | MSCI USA STRTGIC | 78468R812 |  | 1838840 | 11275 | SH |  | SOLE |  | 0 | 0 | 11275 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 748333 | 28154 | SH |  | SOLE |  | 0 | 0 | 28154 |
| SPDR SERIES TRUST | S 400 MDCP VAL | 78464A839 |  | 258148 | 3250 | SH |  | SOLE |  | 0 | 0 | 3250 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 511498 | 9406 | SH |  | SOLE |  | 0 | 0 | 9406 |
| SPDR SERIES TRUST | S 400 MDCP GRW | 78464A821 |  | 265822 | 3060 | SH |  | SOLE |  | 0 | 0 | 3060 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 884376 | 11809 | SH |  | SOLE |  | 0 | 0 | 11809 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 232076 | 4434 | SH |  | SOLE |  | 0 | 0 | 4434 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 246350 | 1815 | SH |  | SOLE |  | 0 | 0 | 1815 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 227133 | 296 | SH |  | SOLE |  | 0 | 0 | 296 |
| STARBUCKS CORP | COM | 855244109 |  | 217071 | 2369 | SH |  | SOLE |  | 0 | 0 | 2369 |
| STARWOOD PPTY TR INC | NOTE 6.750% 7/1 | 85571BBA2 |  | 13888 | 13000 | PRN |  | SOLE |  | 0 | 0 | 13000 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 201556 | 5382 | SH |  | SOLE |  | 0 | 0 | 5382 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 540179 | 2385 | SH |  | SOLE |  | 0 | 0 | 2385 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 494018 | 1699 | SH |  | SOLE |  | 0 | 0 | 1699 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 207486 | 405 | SH |  | SOLE |  | 0 | 0 | 405 |
| TESLA INC | COM | 88160R101 |  | 565435 | 1780 | SH |  | SOLE |  | 0 | 0 | 1780 |
| THE CIGNA GROUP | COM | 125523100 |  | 337357 | 1021 | SH |  | SOLE |  | 0 | 0 | 1021 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 256251 | 632 | SH |  | SOLE |  | 0 | 0 | 632 |
| TJX COS INC NEW | COM | 872540109 |  | 259329 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| TWO HARBORS INVENTMENT CORPO | NOTE 6.250% 1/1 | 90187BAB7 |  | 16796 | 17000 | PRN |  | SOLE |  | 0 | 0 | 17000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 230390 | 739 | SH |  | SOLE |  | 0 | 0 | 739 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 10734164 | 216808 | SH |  | SOLE |  | 0 | 0 | 216808 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 221779 | 793 | SH |  | SOLE |  | 0 | 0 | 793 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 461645 | 2612 | SH |  | SOLE |  | 0 | 0 | 2612 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1831039 | 6025 | SH |  | SOLE |  | 0 | 0 | 6025 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 749753 | 2628 | SH |  | SOLE |  | 0 | 0 | 2628 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1983760 | 4525 | SH |  | SOLE |  | 0 | 0 | 4525 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 740762 | 14977 | SH |  | SOLE |  | 0 | 0 | 14977 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 444200 | 5213 | SH |  | SOLE |  | 0 | 0 | 5213 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 606679 | 8781 | SH |  | SOLE |  | 0 | 0 | 8781 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1035329 | 4169 | SH |  | SOLE |  | 0 | 0 | 4169 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 281141 | 424 | SH |  | SOLE |  | 0 | 0 | 424 |
| VENTAS RLTY LTD PARTNERSHIP | NOTE 3.750% 6/0 | 92277GAZ0 |  | 17651 | 15000 | PRN |  | SOLE |  | 0 | 0 | 15000 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 322694 | 2513 | SH |  | SOLE |  | 0 | 0 | 2513 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 55949788 | 1582738 | SH |  | SOLE |  | 0 | 0 | 1582738 |
| VICTORY PORTFOLIOS II | CORE INTRMEDIATE | 92647X863 |  | 31374765 | 1435916 | SH |  | SOLE |  | 0 | 0 | 1435916 |
| VICTORY PORTFOLIOS II | CORE INTERMEDIAT | 92647N527 |  | 377784 | 8026 | SH |  | SOLE |  | 0 | 0 | 8026 |
| VISA INC | COM CL A | 92826C839 |  | 654922 | 1845 | SH |  | SOLE |  | 0 | 0 | 1845 |
| VISTRA CORP | COM | 92840M102 |  | 370177 | 1910 | SH |  | SOLE |  | 0 | 0 | 1910 |
| WALMART INC | COM | 931142103 |  | 468171 | 4788 | SH |  | SOLE |  | 0 | 0 | 4788 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 7706659 | 223511 | SH |  | SOLE |  | 0 | 0 | 223511 |
| ZOETIS INC | CL A | 98978V103 |  | 200864 | 1288 | SH |  | SOLE |  | 0 | 0 | 1288 |

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