# EDGAR Filing Document

**Accession Number:** 0001831263
**File Stem:** 0001831263-25-000006
**Filing Date:** 2025-10
**Character Count:** 26351
**Document Hash:** e7776335a0ade0a8855403d9143af256
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001831263-25-000006.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001831263-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**EFFECTIVENESS DATE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JEPPSON WEALTH MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001831263

**ORGANIZATION NAME:**
- **EIN:** 815354544
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20414
- **FILM NUMBER:** 251394325

**BUSINESS ADDRESS:**
- **STREET 1:** 1230 ROSECRANS AVENUE
- **STREET 2:** SUITE 300
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266
- **BUSINESS PHONE:** 424-456-3111

**MAIL ADDRESS:**
- **STREET 1:** 1230 ROSECRANS AVENUE
- **STREET 2:** SUITE 300
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266

### 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:** JEPPSON WEALTH MANAGEMENT LLC<br>**Address:** 1230 ROSECRANS AVENUE<br>SUITE 300<br>MANHATTAN BEACH, CA 90266

**Form 13F File Number:** 028-20414

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 ELDRIDGE<br>**Title:** CHIEF COMPLIANCE OFFICER<br>**Phone:** 971-371-3446

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

MICHELLE ELDRIDGE  PORTLAND, OR  10-15-2025<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:** 225

**Form 13F Information Table Value Total:** $313502481

      (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 |
| APPLE INC COM | Stock | 037833100 |  | 24777879 | 97309 | SH |  | SOLE |  | 0 | 0 | 97309 |
| ISHARES 0-5 YEAR TIPS BOND ETF | ETF | 46429B747 |  | 18290689 | 176961 | SH |  | SOLE |  | 0 | 0 | 176961 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 15508782 | 83121 | SH |  | SOLE |  | 0 | 0 | 83121 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 10771079 | 21576 | SH |  | SOLE |  | 0 | 0 | 21576 |
| VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | ETF | 922020805 |  | 9305916 | 183802 | SH |  | SOLE |  | 0 | 0 | 183802 |
| ORACLE CORP COM | Stock | 68389X105 |  | 7156152 | 25445 | SH |  | SOLE |  | 0 | 0 | 25445 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 7053954 | 13619 | SH |  | SOLE |  | 0 | 0 | 13619 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 6363497 | 56439 | SH |  | SOLE |  | 0 | 0 | 56439 |
| AMAZON COM INC COM | Stock | 023135106 |  | 6354136 | 28939 | SH |  | SOLE |  | 0 | 0 | 28939 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 5503223 | 48063 | SH |  | SOLE |  | 0 | 0 | 48063 |
| AT INC COM | Stock | 00206R102 |  | 5344638 | 189258 | SH |  | SOLE |  | 0 | 0 | 189258 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 4623281 | 18983 | SH |  | SOLE |  | 0 | 0 | 18983 |
| BROADCOM INC COM | Stock | 11135F101 |  | 4343328 | 13165 | SH |  | SOLE |  | 0 | 0 | 13165 |
| AMERICAN ELEC PWR CO INC COM | Stock | 025537101 |  | 4033655 | 35855 | SH |  | SOLE |  | 0 | 0 | 35855 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 3975995 | 12605 | SH |  | SOLE |  | 0 | 0 | 12605 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 3957182 | 57837 | SH |  | SOLE |  | 0 | 0 | 57837 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 3867644 | 88001 | SH |  | SOLE |  | 0 | 0 | 88001 |
| SHOPIFY INC CL A SUB VTG SHS | Stock | 82509L107 |  | 3695633 | 24868 | SH |  | SOLE |  | 0 | 0 | 24868 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 3351298 | 20028 | SH |  | SOLE |  | 0 | 0 | 20028 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 3309894 | 4338 | SH |  | SOLE |  | 0 | 0 | 4338 |
| WHEATON PRECIOUS METALS CORP COM | Stock | 962879102 |  | 3063409 | 27391 | SH |  | SOLE |  | 0 | 0 | 27391 |
| WALMART INC COM | Stock | 931142103 |  | 2910356 | 28239 | SH |  | SOLE |  | 0 | 0 | 28239 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 2830461 | 3854 | SH |  | SOLE |  | 0 | 0 | 3854 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 2782143 | 53928 | SH |  | SOLE |  | 0 | 0 | 53928 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 2767999 | 14928 | SH |  | SOLE |  | 0 | 0 | 14928 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 2764026 | 97634 | SH |  | SOLE |  | 0 | 0 | 97634 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 2730010 | 7680 | SH |  | SOLE |  | 0 | 0 | 7680 |
| QUALCOMM INC COM | Stock | 747525103 |  | 2644872 | 15898 | SH |  | SOLE |  | 0 | 0 | 15898 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 2466238 | 15882 | SH |  | SOLE |  | 0 | 0 | 15882 |
| PALO ALTO NETWORKS INC COM | Stock | 697435105 |  | 2368304 | 11631 | SH |  | SOLE |  | 0 | 0 | 11631 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 2338091 | 10098 | SH |  | SOLE |  | 0 | 0 | 10098 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 2256487 | 9282 | SH |  | SOLE |  | 0 | 0 | 9282 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 2221640 | 14459 | SH |  | SOLE |  | 0 | 0 | 14459 |
| OMEGA HEALTHCARE INVS INC COM | REIT | 681936100 |  | 2182503 | 51694 | SH |  | SOLE |  | 0 | 0 | 51694 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 2110798 | 19016 | SH |  | SOLE |  | 0 | 0 | 19016 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 2110546 | 53813 | SH |  | SOLE |  | 0 | 0 | 53813 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 2080412 | 24820 | SH |  | SOLE |  | 0 | 0 | 24820 |
| SEMPRA COM | Stock | 816851109 |  | 2057843 | 22870 | SH |  | SOLE |  | 0 | 0 | 22870 |
| CARDINAL HEALTH INC COM | Stock | 14149Y108 |  | 1988491 | 12669 | SH |  | SOLE |  | 0 | 0 | 12669 |
| SIMON PPTY GROUP INC NEW COM | REIT | 828806109 |  | 1972224 | 10509 | SH |  | SOLE |  | 0 | 0 | 10509 |
| RIO TINTO PLC SPONSORED ADR | ADR | 767204100 |  | 1963005 | 29738 | SH |  | SOLE |  | 0 | 0 | 29738 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 1937554 | 15657 | SH |  | SOLE |  | 0 | 0 | 15657 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 1920099 | 6805 | SH |  | SOLE |  | 0 | 0 | 6805 |
| ABBOTT LABS COM | Stock | 002824100 |  | 1828013 | 13648 | SH |  | SOLE |  | 0 | 0 | 13648 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 1806115 | 18918 | SH |  | SOLE |  | 0 | 0 | 18918 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 1694064 | 20184 | SH |  | SOLE |  | 0 | 0 | 20184 |
| CARLYLE GROUP INC COM | Stock | 14316J108 |  | 1661864 | 26505 | SH |  | SOLE |  | 0 | 0 | 26505 |
| TESLA INC COM | Stock | 88160R101 |  | 1654803 | 3721 | SH |  | SOLE |  | 0 | 0 | 3721 |
| SOUTHERN CO COM | Stock | 842587107 |  | 1643975 | 17347 | SH |  | SOLE |  | 0 | 0 | 17347 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 1613533 | 3364 | SH |  | SOLE |  | 0 | 0 | 3364 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 1600703 | 6295 | SH |  | SOLE |  | 0 | 0 | 6295 |
| WELLTOWER INC COM | REIT | 95040Q104 |  | 1596733 | 8963 | SH |  | SOLE |  | 0 | 0 | 8963 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 1581138 | 16139 | SH |  | SOLE |  | 0 | 0 | 16139 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 1509373 | 15957 | SH |  | SOLE |  | 0 | 0 | 15957 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 1488569 | 2443 | SH |  | SOLE |  | 0 | 0 | 2443 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 1470564 | 4481 | SH |  | SOLE |  | 0 | 0 | 4481 |
| WP CAREY INC COM | REIT | 92936U109 |  | 1464283 | 21671 | SH |  | SOLE |  | 0 | 0 | 21671 |
| SPDR S DIVIDEND ETF | ETF | 78464A763 |  | 1455820 | 10395 | SH |  | SOLE |  | 0 | 0 | 10395 |
| OCCIDENTAL PETE CORP COM | Stock | 674599105 |  | 1449120 | 30669 | SH |  | SOLE |  | 0 | 0 | 30669 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 1443808 | 2405 | SH |  | SOLE |  | 0 | 0 | 2405 |
| PHILLIPS 66 COM | Stock | 718546104 |  | 1335580 | 9819 | SH |  | SOLE |  | 0 | 0 | 9819 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 1238578 | 530 | SH |  | SOLE |  | 0 | 0 | 530 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 1220432 | 3012 | SH |  | SOLE |  | 0 | 0 | 3012 |
| NETFLIX INC COM | Stock | 64110L106 |  | 1196522 | 998 | SH |  | SOLE |  | 0 | 0 | 998 |
| BOEING CO COM | Stock | 097023105 |  | 1179638 | 5466 | SH |  | SOLE |  | 0 | 0 | 5466 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767704 |  | 1171875 | 19768 | SH |  | SOLE |  | 0 | 0 | 19768 |
| CAPITAL ONE FINL CORP COM | Stock | 14040H105 |  | 1156010 | 5438 | SH |  | SOLE |  | 0 | 0 | 5438 |
| BLACKSTONE INC COM | Stock | 09260D107 |  | 1112063 | 6509 | SH |  | SOLE |  | 0 | 0 | 6509 |
| CORNING INC COM | Stock | 219350105 |  | 1074593 | 13100 | SH |  | SOLE |  | 0 | 0 | 13100 |
| NNN REIT INC COM | REIT | 637417106 |  | 1064335 | 25002 | SH |  | SOLE |  | 0 | 0 | 25002 |
| AMGEN INC COM | Stock | 031162100 |  | 1040205 | 3686 | SH |  | SOLE |  | 0 | 0 | 3686 |
| PROSHARES S 500 DIVIDEND ARISTOCRATS ETF | ETF | 74348A467 |  | 1035854 | 10050 | SH |  | SOLE |  | 0 | 0 | 10050 |
| ROYAL CARIBBEAN GROUP COM | Stock | V7780T103 |  | 1005363 | 3107 | SH |  | SOLE |  | 0 | 0 | 3107 |
| PFIZER INC COM | Stock | 717081103 |  | 1000115 | 39251 | SH |  | SOLE |  | 0 | 0 | 39251 |
| PEPSICO INC COM | Stock | 713448108 |  | 984765 | 7012 | SH |  | SOLE |  | 0 | 0 | 7012 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 979178 | 7875 | SH |  | SOLE |  | 0 | 0 | 7875 |
| ALLSTATE CORP COM | Stock | 020002101 |  | 973994 | 4538 | SH |  | SOLE |  | 0 | 0 | 4538 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 961508 | 3164 | SH |  | SOLE |  | 0 | 0 | 3164 |
| KAYNE ANDERSON ENERGY INFRSTR COM | CEF | 486606106 |  | 943071 | 76239 | SH |  | SOLE |  | 0 | 0 | 76239 |
| KRAFT HEINZ CO COM | Stock | 500754106 |  | 934185 | 35875 | SH |  | SOLE |  | 0 | 0 | 35875 |
| GENERAL MLS INC COM | Stock | 370334104 |  | 929093 | 18427 | SH |  | SOLE |  | 0 | 0 | 18427 |
| DOMINION ENERGY INC COM | Stock | 25746U109 |  | 924523 | 15114 | SH |  | SOLE |  | 0 | 0 | 15114 |
| BANK NEW YORK MELLON CORP COM | Stock | 064058100 |  | 921679 | 8459 | SH |  | SOLE |  | 0 | 0 | 8459 |
| BHP GROUP LTD SPONSORED ADS | ADR | 088606108 |  | 912397 | 16366 | SH |  | SOLE |  | 0 | 0 | 16366 |
| ALIBABA GROUP HLDG LTD SPONSORED ADS | ADR | 01609W102 |  | 888109 | 4969 | SH |  | SOLE |  | 0 | 0 | 4969 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 845490 | 18747 | SH |  | SOLE |  | 0 | 0 | 18747 |
| STAG INDL INC COM | REIT | 85254J102 |  | 799107 | 22644 | SH |  | SOLE |  | 0 | 0 | 22644 |
| REALTY INCOME CORP COM | REIT | 756109104 |  | 796660 | 13105 | SH |  | SOLE |  | 0 | 0 | 13105 |
| AUTOMATIC DATA PROCESSING INC COM | Stock | 053015103 |  | 776014 | 2644 | SH |  | SOLE |  | 0 | 0 | 2644 |
| NOVARTIS AG SPONSORED ADR | ADR | 66987V109 |  | 774313 | 6038 | SH |  | SOLE |  | 0 | 0 | 6038 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 772322 | 7609 | SH |  | SOLE |  | 0 | 0 | 7609 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 771552 | 1617 | SH |  | SOLE |  | 0 | 0 | 1617 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| SOUTHERN COPPER CORP COM | Stock | 84265V105 |  | 731679 | 6029 | SH |  | SOLE |  | 0 | 0 | 6029 |
| CONSOLIDATED EDISON INC COM | Stock | 209115104 |  | 712687 | 7090 | SH |  | SOLE |  | 0 | 0 | 7090 |
| INTEL CORP COM | Stock | 458140100 |  | 704785 | 21007 | SH |  | SOLE |  | 0 | 0 | 21007 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 684760 | 5220 | SH |  | SOLE |  | 0 | 0 | 5220 |
| FEDERAL RLTY INVT TR NEW SH BEN INT NEW | REIT | 313745101 |  | 682222 | 6734 | SH |  | SOLE |  | 0 | 0 | 6734 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 675189 | 14387 | SH |  | SOLE |  | 0 | 0 | 14387 |
| UNION PAC CORP COM | Stock | 907818108 |  | 673182 | 2848 | SH |  | SOLE |  | 0 | 0 | 2848 |
| TRAVELERS COMPANIES INC COM | Stock | 89417E109 |  | 661751 | 2370 | SH |  | SOLE |  | 0 | 0 | 2370 |
| TYSON FOODS INC CL A | Stock | 902494103 |  | 637645 | 11743 | SH |  | SOLE |  | 0 | 0 | 11743 |
| VISA INC COM CL A | Stock | 92826C839 |  | 617898 | 1810 | SH |  | SOLE |  | 0 | 0 | 1810 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 610299 | 8085 | SH |  | SOLE |  | 0 | 0 | 8085 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 609135 | 2336 | SH |  | SOLE |  | 0 | 0 | 2336 |
| ING GROEP N.V. SPONSORED ADR | ADR | 456837103 |  | 601796 | 23075 | SH |  | SOLE |  | 0 | 0 | 23075 |
| CIDARA THERAPEUTICS INC COM NEW | Stock | 171757107 |  | 589403 | 6155 | SH |  | SOLE |  | 0 | 0 | 6155 |
| COINBASE GLOBAL INC COM CL A | Stock | 19260Q107 |  | 586895 | 1739 | SH |  | SOLE |  | 0 | 0 | 1739 |
| KELLANOVA COM | Stock | 487836108 |  | 581469 | 7089 | SH |  | SOLE |  | 0 | 0 | 7089 |
| COCA COLA CO COM | Stock | 191216100 |  | 574132 | 8657 | SH |  | SOLE |  | 0 | 0 | 8657 |
| EVERGY INC COM | Stock | 30034W106 |  | 564372 | 7424 | SH |  | SOLE |  | 0 | 0 | 7424 |
| VORNADO RLTY TR SH BEN INT | REIT | 929042109 |  | 559395 | 13802 | SH |  | SOLE |  | 0 | 0 | 13802 |
| CONAGRA BRANDS INC COM | Stock | 205887102 |  | 558693 | 30513 | SH |  | SOLE |  | 0 | 0 | 30513 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 549477 | 6495 | SH |  | SOLE |  | 0 | 0 | 6495 |
| ADOBE INC COM | Stock | 00724F101 |  | 541471 | 1535 | SH |  | SOLE |  | 0 | 0 | 1535 |
| DARDEN RESTAURANTS INC COM | Stock | 237194105 |  | 538719 | 2830 | SH |  | SOLE |  | 0 | 0 | 2830 |
| WILLIAMS SONOMA INC COM | Stock | 969904101 |  | 524392 | 2683 | SH |  | SOLE |  | 0 | 0 | 2683 |
| 3M CO COM | Stock | 88579Y101 |  | 519077 | 3345 | SH |  | SOLE |  | 0 | 0 | 3345 |
| DOVER CORP COM | Stock | 260003108 |  | 517014 | 3099 | SH |  | SOLE |  | 0 | 0 | 3099 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 505359 | 16084 | SH |  | SOLE |  | 0 | 0 | 16084 |
| SABRA HEALTH CARE REIT INC COM | REIT | 78573L106 |  | 500857 | 26870 | SH |  | SOLE |  | 0 | 0 | 26870 |
| ISHARES TIPS BOND ETF | ETF | 464287176 |  | 498702 | 4484 | SH |  | SOLE |  | 0 | 0 | 4484 |
| CHEESECAKE FACTORY INC COM | Stock | 163072101 |  | 498081 | 9116 | SH |  | SOLE |  | 0 | 0 | 9116 |
| NATIONAL GRID PLC SPONSORED ADR NE | ADR | 636274409 |  | 486598 | 6696 | SH |  | SOLE |  | 0 | 0 | 6696 |
| PAYCHEX INC COM | Stock | 704326107 |  | 484096 | 3819 | SH |  | SOLE |  | 0 | 0 | 3819 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 480430 | 2027 | SH |  | SOLE |  | 0 | 0 | 2027 |
| ENTERPRISE PRODS PARTNERS L P COM | Stock | 293792107 |  | 474196 | 15165 | SH |  | SOLE |  | 0 | 0 | 15165 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 473680 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| TARGET CORP COM | Stock | 87612E106 |  | 470207 | 5242 | SH |  | SOLE |  | 0 | 0 | 5242 |
| GLOBAL X SILVER MINERS ETF | ETF | 37954Y848 |  | 467601 | 6528 | SH |  | SOLE |  | 0 | 0 | 6528 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 461976 | 2092 | SH |  | SOLE |  | 0 | 0 | 2092 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 455123 | 17702 | SH |  | SOLE |  | 0 | 0 | 17702 |
| VANGUARD DIVIDEND APPRECIATION ETF | ETF | 921908844 |  | 454670 | 2107 | SH |  | SOLE |  | 0 | 0 | 2107 |
| MONDELEZ INTL INC CL A | Stock | 609207105 |  | 451471 | 7227 | SH |  | SOLE |  | 0 | 0 | 7227 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 442916 | 2428 | SH |  | SOLE |  | 0 | 0 | 2428 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 442807 | 1472 | SH |  | SOLE |  | 0 | 0 | 1472 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 419430 | 1230 | SH |  | SOLE |  | 0 | 0 | 1230 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 414360 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 |  | 412697 | 14792 | SH |  | SOLE |  | 0 | 0 | 14792 |
| NORTHWESTERN ENERGY GROUP INC COM NEW | Stock | 668074305 |  | 407750 | 6957 | SH |  | SOLE |  | 0 | 0 | 6957 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 407445 | 7520 | SH |  | SOLE |  | 0 | 0 | 7520 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 404960 | 4252 | SH |  | SOLE |  | 0 | 0 | 4252 |
| NUCOR CORP COM | Stock | 670346105 |  | 404394 | 2986 | SH |  | SOLE |  | 0 | 0 | 2986 |
| BARRICK MNG CORP COM SHS | Stock | 06849F108 |  | 402186 | 12273 | SH |  | SOLE |  | 0 | 0 | 12273 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 400371 | 1902 | SH |  | SOLE |  | 0 | 0 | 1902 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 396313 | 1419 | SH |  | SOLE |  | 0 | 0 | 1419 |
| AIR PRODS  CHEMS INC COM | Stock | 009158106 |  | 396262 | 1453 | SH |  | SOLE |  | 0 | 0 | 1453 |
| KRANESHARES CSI CHINA INTERNET ETF | ETF | 500767306 |  | 388929 | 9258 | SH |  | SOLE |  | 0 | 0 | 9258 |
| VANGUARD SMALL-CAP GROWTH ETF | ETF | 922908595 |  | 382214 | 1284 | SH |  | SOLE |  | 0 | 0 | 1284 |
| KIMCO RLTY CORP COM | REIT | 49446R109 |  | 372652 | 17055 | SH |  | SOLE |  | 0 | 0 | 17055 |
| ARCHER DANIELS MIDLAND CO COM | Stock | 039483102 |  | 371045 | 6211 | SH |  | SOLE |  | 0 | 0 | 6211 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 370781 | 2216 | SH |  | SOLE |  | 0 | 0 | 2216 |
| AGNICO EAGLE MINES LTD COM | Stock | 008474108 |  | 366618 | 2175 | SH |  | SOLE |  | 0 | 0 | 2175 |
| NEWMONT CORP COM | Stock | 651639106 |  | 366189 | 4343 | SH |  | SOLE |  | 0 | 0 | 4343 |
| GRAYSCALE BITCOIN TRUST ETF | ETF | 389637109 |  | 364466 | 4060 | SH |  | SOLE |  | 0 | 0 | 4060 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 361265 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| DUPONT DE NEMOURS INC COM | Stock | 26614N102 |  | 360288 | 4625 | SH |  | SOLE |  | 0 | 0 | 4625 |
| COSTCO WHSL CORP NEW COM | Stock | 22160K105 |  | 359185 | 388 | SH |  | SOLE |  | 0 | 0 | 388 |
| VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF | ETF | 922042718 |  | 358537 | 2515 | SH |  | SOLE |  | 0 | 0 | 2515 |
| TAKE-TWO INTERACTIVE SOFTWARE COM | Stock | 874054109 |  | 354470 | 1372 | SH |  | SOLE |  | 0 | 0 | 1372 |
| STARWOOD PPTY TR INC COM | REIT | 85571B105 |  | 352631 | 18205 | SH |  | SOLE |  | 0 | 0 | 18205 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 347657 | 466 | SH |  | SOLE |  | 0 | 0 | 466 |
| BXP INC COM | REIT | 101121101 |  | 346499 | 4661 | SH |  | SOLE |  | 0 | 0 | 4661 |
| ENERGY TRANSFER L P COM UT LTD PTN | Stock | 29273V100 |  | 340866 | 19864 | SH |  | SOLE |  | 0 | 0 | 19864 |
| MARVELL TECHNOLOGY INC COM | Stock | 573874104 |  | 333085 | 3962 | SH |  | SOLE |  | 0 | 0 | 3962 |
| AMERICAN TOWER CORP NEW COM | REIT | 03027X100 |  | 327906 | 1705 | SH |  | SOLE |  | 0 | 0 | 1705 |
| CLOROX CO DEL COM | Stock | 189054109 |  | 317251 | 2573 | SH |  | SOLE |  | 0 | 0 | 2573 |
| CROWDSTRIKE HLDGS INC CL A | Stock | 22788C105 |  | 310901 | 634 | SH |  | SOLE |  | 0 | 0 | 634 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 309957 | 3248 | SH |  | SOLE |  | 0 | 0 | 3248 |
| PROSHARES BITCOIN ETF | ETF | 74347G440 |  | 306385 | 15568 | SH |  | SOLE |  | 0 | 0 | 15568 |
| VANGUARD SMALL CAP VALUE ETF | ETF | 922908611 |  | 303673 | 1455 | SH |  | SOLE |  | 0 | 0 | 1455 |
| GENUINE PARTS CO COM | Stock | 372460105 |  | 302564 | 2183 | SH |  | SOLE |  | 0 | 0 | 2183 |
| CHIPOTLE MEXICAN GRILL INC COM | Stock | 169656105 |  | 295885 | 7550 | SH |  | SOLE |  | 0 | 0 | 7550 |
| US BANCORP DEL COM NEW | Stock | 902973304 |  | 286452 | 5927 | SH |  | SOLE |  | 0 | 0 | 5927 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 285884 | 1556 | SH |  | SOLE |  | 0 | 0 | 1556 |
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| INTUIT COM | Stock | 461202103 |  | 277261 | 406 | SH |  | SOLE |  | 0 | 0 | 406 |
| EXPEDIA GROUP INC COM NEW | Stock | 30212P303 |  | 276607 | 1294 | SH |  | SOLE |  | 0 | 0 | 1294 |
| DELL TECHNOLOGIES INC CL C | Stock | 24703L202 |  | 276026 | 1947 | SH |  | SOLE |  | 0 | 0 | 1947 |
| SNOWFLAKE INC COM SHS | Stock | 833445109 |  | 272916 | 1210 | SH |  | SOLE |  | 0 | 0 | 1210 |
| DIAMONDBACK ENERGY INC COM | Stock | 25278X109 |  | 272462 | 1904 | SH |  | SOLE |  | 0 | 0 | 1904 |
| RIVIAN AUTOMOTIVE INC COM CL A | Stock | 76954A103 |  | 272402 | 18556 | SH |  | SOLE |  | 0 | 0 | 18556 |
| NORFOLK SOUTHN CORP COM | Stock | 655844108 |  | 270369 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| CORTEVA INC COM | Stock | 22052L104 |  | 267815 | 3960 | SH |  | SOLE |  | 0 | 0 | 3960 |
| BRIXMOR PPTY GROUP INC COM | REIT | 11120U105 |  | 267804 | 9675 | SH |  | SOLE |  | 0 | 0 | 9675 |
| UNITED PARCEL SERVICE INC CL B | Stock | 911312106 |  | 266711 | 3193 | SH |  | SOLE |  | 0 | 0 | 3193 |
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| PORTLAND GEN ELEC CO COM NEW | Stock | 736508847 |  | 250844 | 5701 | SH |  | SOLE |  | 0 | 0 | 5701 |
| ALTRIA GROUP INC COM | Stock | 02209S103 |  | 246734 | 3735 | SH |  | SOLE |  | 0 | 0 | 3735 |
| ISHARES GOLD TRUST | ETF | 464285204 |  | 245235 | 3370 | SH |  | SOLE |  | 0 | 0 | 3370 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 236804 | 3952 | SH |  | SOLE |  | 0 | 0 | 3952 |
| PARAMOUNT SKYDANCE CORP COM CL B | Stock | 69932A204 |  | 228648 | 12085 | SH |  | SOLE |  | 0 | 0 | 12085 |
| AMCOR PLC ORD | Stock | G0250X107 |  | 227846 | 27854 | SH |  | SOLE |  | 0 | 0 | 27854 |
| PUBLIC SVC ENTERPRISE GRP INC COM | Stock | 744573106 |  | 227429 | 2725 | SH |  | SOLE |  | 0 | 0 | 2725 |
| NIKE INC CL B | Stock | 654106103 |  | 224321 | 3217 | SH |  | SOLE |  | 0 | 0 | 3217 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 222594 | 362 | SH |  | SOLE |  | 0 | 0 | 362 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 222211 | 442 | SH |  | SOLE |  | 0 | 0 | 442 |
| ISHARES S SMALL-CAP 600 VALUE ETF | ETF | 464287879 |  | 221180 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| BECTON DICKINSON  CO COM | Stock | 075887109 |  | 221048 | 1181 | SH |  | SOLE |  | 0 | 0 | 1181 |
| UGI CORP NEW COM | Stock | 902681105 |  | 219849 | 6610 | SH |  | SOLE |  | 0 | 0 | 6610 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 216781 | 1538 | SH |  | SOLE |  | 0 | 0 | 1538 |
| LAS VEGAS SANDS CORP COM | Stock | 517834107 |  | 214945 | 3996 | SH |  | SOLE |  | 0 | 0 | 3996 |
| AMERICAN WTR WKS CO INC NEW COM | Stock | 030420103 |  | 214353 | 1540 | SH |  | SOLE |  | 0 | 0 | 1540 |
| DELTA AIR LINES INC DEL COM NEW | Stock | 247361702 |  | 213040 | 3754 | SH |  | SOLE |  | 0 | 0 | 3754 |
| PACKAGING CORP AMER COM | Stock | 695156109 |  | 212700 | 976 | SH |  | SOLE |  | 0 | 0 | 976 |
| OLD REP INTL CORP COM | Stock | 680223104 |  | 212350 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| VANGUARD MID-CAP VALUE ETF | ETF | 922908512 |  | 211242 | 1210 | SH |  | SOLE |  | 0 | 0 | 1210 |
| BAIDU INC SPON ADR REP A | ADR | 056752108 |  | 205693 | 1561 | SH |  | SOLE |  | 0 | 0 | 1561 |
| FRANCO NEV CORP COM | Stock | 351858105 |  | 201734 | 905 | SH |  | SOLE |  | 0 | 0 | 905 |
| XCEL ENERGY INC COM | Stock | 98389B100 |  | 201625 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| FIRSTENERGY CORP COM | Stock | 337932107 |  | 201012 | 4387 | SH |  | SOLE |  | 0 | 0 | 4387 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 200918 | 684 | SH |  | SOLE |  | 0 | 0 | 684 |
| ALPINE INCOME PPTY TR INC COM | REIT | 02083X103 |  | 200038 | 14117 | SH |  | SOLE |  | 0 | 0 | 14117 |
| AMBEV SA SPONSORED ADR | ADR | 02319V103 |  | 167707 | 75205 | SH |  | SOLE |  | 0 | 0 | 75205 |
| SNAP INC CL A | Stock | 83304A106 |  | 164423 | 21326 | SH |  | SOLE |  | 0 | 0 | 21326 |
| AES CORP COM | Stock | 00130H105 |  | 150300 | 11421 | SH |  | SOLE |  | 0 | 0 | 11421 |
| ADECOAGRO S A COM | Stock | L00849106 |  | 124225 | 15845 | SH |  | SOLE |  | 0 | 0 | 15845 |
| DNP SELECT INCOME FD INC COM | CEF | 23325P104 |  | 112592 | 11248 | SH |  | SOLE |  | 0 | 0 | 11248 |
| JETBLUE AWYS CORP COM | Stock | 477143101 |  | 69692 | 14165 | SH |  | SOLE |  | 0 | 0 | 14165 |
| SNDL INC COM | Stock | 83307B101 |  | 53600 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| TILRAY BRANDS INC COM | Stock | 88688T100 |  | 34600 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| CARDIFF ONCOLOGY INC COM | Stock | 14147L108 |  | 24722 | 12001 | SH |  | SOLE |  | 0 | 0 | 12001 |
| GOLDMINING INC COM | Stock | 38149E101 |  | 14760 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| SUNNOVA ENERGY INTL INC. COM | Stock | 86745K104 |  | 7 | 14760 | SH |  | SOLE |  | 0 | 0 | 14760 |

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