# EDGAR Filing Document

**Accession Number:** 0002110834
**File Stem:** 0002110834-26-000001
**Filing Date:** 2026-2
**Character Count:** 18231
**Document Hash:** 35eda281f8b65e50363560e24af517e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002110834-26-000001.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0002110834-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tannin Capital LLC
- **CENTRAL INDEX KEY:** 0002110834

**ORGANIZATION NAME:**
- **EIN:** 821348728
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26481
- **FILM NUMBER:** 26638332

**BUSINESS ADDRESS:**
- **STREET 1:** 1026 JAY STREET, SUITE B153
- **STREET 2:** SUITE B153
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28208
- **BUSINESS PHONE:** 7045521082

**MAIL ADDRESS:**
- **STREET 1:** 1026 JAY STREET
- **STREET 2:** SUITE B153
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28208

### 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:** Tannin Capital LLC<br>**Address:** 1026 JAY STREET<br>SUITE B153<br>CHARLOTTE, NC 28208

**Form 13F File Number:** 028-26481

**CRD Number (if applicable):** 000304238

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:** Clay H. Young<br>**Title:** Chief Compliance Officer<br>**Phone:** 844-682-6646

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

/s/Clay H. Young  Charlotte, NC  02-13-2026<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:** 135

**Form 13F Information Table Value Total:** $111843420

      (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 | BBG001S5N9M6 | 547141 | 4367 | SH |  | SOLE |  | 0 | 0 | 4367 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 2586278 | 11319 | SH |  | SOLE |  | 0 | 0 | 11319 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3543786 | 11322 | SH |  | SOLE |  | 0 | 0 | 11322 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1448620 | 4616 | SH |  | SOLE |  | 0 | 0 | 4616 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1394614 | 6042 | SH |  | SOLE |  | 0 | 0 | 6042 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 323706 | 875 | SH |  | SOLE |  | 0 | 0 | 875 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 250046 | 922 | SH |  | SOLE |  | 0 | 0 | 922 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 5000085 | 18392 | SH |  | SOLE |  | 0 | 0 | 18392 |
| ARS PHARMACEUTICALS INC | COM | 82835W108 | BBG00FZQGXH2 | 152219 | 13066 | SH |  | SOLE |  | 0 | 0 | 13066 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 306252 | 12329 | SH |  | SOLE |  | 0 | 0 | 12329 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 1087779 | 19778 | SH |  | SOLE |  | 0 | 0 | 19778 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 1423002 | 2831 | SH |  | SOLE |  | 0 | 0 | 2831 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 531475 | 3448 | SH |  | SOLE |  | 0 | 0 | 3448 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 701548 | 131 | SH |  | SOLE |  | 0 | 0 | 131 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 426691 | 4475 | SH |  | SOLE |  | 0 | 0 | 4475 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 411377 | 11845 | SH |  | SOLE |  | 0 | 0 | 11845 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2076946 | 6001 | SH |  | SOLE |  | 0 | 0 | 6001 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG001SR7MB9 | 262448 | 1176 | SH |  | SOLE |  | 0 | 0 | 1176 |
| BWX TECHNOLOGIES INC | COM | 05605H100 | BBG001SGJPH7 | 330816 | 1914 | SH |  | SOLE |  | 0 | 0 | 1914 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 951263 | 3925 | SH |  | SOLE |  | 0 | 0 | 3925 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 209563 | 3966 | SH |  | SOLE |  | 0 | 0 | 3966 |
| CASEYS GEN STORES INC | COM | 147528103 | BBG001S5PHZ2 | 331073 | 599 | SH |  | SOLE |  | 0 | 0 | 599 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 380386 | 664 | SH |  | SOLE |  | 0 | 0 | 664 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 1042942 | 6843 | SH |  | SOLE |  | 0 | 0 | 6843 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 480353 | 1539 | SH |  | SOLE |  | 0 | 0 | 1539 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 | BBG01T61V3Q7 | 542729 | 6844 | SH |  | SOLE |  | 0 | 0 | 6844 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1177943 | 15292 | SH |  | SOLE |  | 0 | 0 | 15292 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 557881 | 7060 | SH |  | SOLE |  | 0 | 0 | 7060 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 468251 | 543 | SH |  | SOLE |  | 0 | 0 | 543 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 832771 | 22973 | SH |  | SOLE |  | 0 | 0 | 22973 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 370549 | 3257 | SH |  | SOLE |  | 0 | 0 | 3257 |
| DONALDSON INC | COM | 257651109 | BBG001S5QDV4 | 244258 | 2755 | SH |  | SOLE |  | 0 | 0 | 2755 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 673254 | 5744 | SH |  | SOLE |  | 0 | 0 | 5744 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 365391 | 340 | SH |  | SOLE |  | 0 | 0 | 340 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 966016 | 1579 | SH |  | SOLE |  | 0 | 0 | 1579 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 1447444 | 10906 | SH |  | SOLE |  | 0 | 0 | 10906 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG001S5QZZ1 | 456567 | 3064 | SH |  | SOLE |  | 0 | 0 | 3064 |
| FASTENAL CO | COM | 311900104 | BBG001S5R1F7 | 584373 | 14562 | SH |  | SOLE |  | 0 | 0 | 14562 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 589723 | 2042 | SH |  | SOLE |  | 0 | 0 | 2042 |
| FIGMA INC | CLASS A COM STK | 316841105 | BBG00BLZ2CF9 | 478485 | 12804 | SH |  | SOLE |  | 0 | 0 | 12804 |
| FTI CONSULTING INC | COM | 302941109 | BBG001SCJVR2 | 230279 | 1348 | SH |  | SOLE |  | 0 | 0 | 1348 |
| GARMIN LTD | SHS | H2906T109 | BBG001SG0H12 | 221309 | 1091 | SH |  | SOLE |  | 0 | 0 | 1091 |
| GEOSPACE TECHNOLOGIES CORP | COM | 37364X109 | BBG001S8L318 | 229046 | 13545 | SH |  | SOLE |  | 0 | 0 | 13545 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 2741409 | 3119 | SH |  | SOLE |  | 0 | 0 | 3119 |
| GRACO INC | COM | 384109104 | BBG001S5RK56 | 280010 | 3416 | SH |  | SOLE |  | 0 | 0 | 3416 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 1920834 | 5582 | SH |  | SOLE |  | 0 | 0 | 5582 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 485189 | 2487 | SH |  | SOLE |  | 0 | 0 | 2487 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 241596 | 544 | SH |  | SOLE |  | 0 | 0 | 544 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 472984 | 12818 | SH |  | SOLE |  | 0 | 0 | 12818 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 2199655 | 7426 | SH |  | SOLE |  | 0 | 0 | 7426 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 207337 | 313 | SH |  | SOLE |  | 0 | 0 | 313 |
| INVESCO EXCH TRADED FD TR II | NASDAQNXTGEN100 | 46138G631 | BBG00XS1BWX5 | 1003426 | 27230 | SH |  | SOLE |  | 0 | 0 | 27230 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 201138 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 376660 | 1671 | SH |  | SOLE |  | 0 | 0 | 1671 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 1578848 | 23922 | SH |  | SOLE |  | 0 | 0 | 23922 |
| ISHARES TR | CORE S US GWT | 464287671 | BBG001SFQL99 | 976270 | 5813 | SH |  | SOLE |  | 0 | 0 | 5813 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 690420 | 1008 | SH |  | SOLE |  | 0 | 0 | 1008 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 233183 | 2428 | SH |  | SOLE |  | 0 | 0 | 2428 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 1239099 | 2618 | SH |  | SOLE |  | 0 | 0 | 2618 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 1514027 | 7198 | SH |  | SOLE |  | 0 | 0 | 7198 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 209665 | 1701 | SH |  | SOLE |  | 0 | 0 | 1701 |
| ISHARES TR | S MC 400GR ETF | 464287606 | BBG001SFQL08 | 938670 | 9689 | SH |  | SOLE |  | 0 | 0 | 9689 |
| ISHARES TR | S SML 600 GWT | 464287887 | BBG001SFQL44 | 941114 | 6667 | SH |  | SOLE |  | 0 | 0 | 6667 |
| IVANHOE ELECTRIC INC | COM | 46578C108 | BBG012WFRMH9 | 772281 | 48328 | SH |  | SOLE |  | 0 | 0 | 48328 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1537018 | 7427 | SH |  | SOLE |  | 0 | 0 | 7427 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 4820870 | 14961 | SH |  | SOLE |  | 0 | 0 | 14961 |
| KKR  CO INC | COM | 48251W104 | BBG001S6PW05 | 231121 | 1813 | SH |  | SOLE |  | 0 | 0 | 1813 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 265276 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 | BBG001S71S35 | 312651 | 1804 | SH |  | SOLE |  | 0 | 0 | 1804 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 273539 | 895 | SH |  | SOLE |  | 0 | 0 | 895 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 380695 | 189 | SH |  | SOLE |  | 0 | 0 | 189 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 203539 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1368327 | 2073 | SH |  | SOLE |  | 0 | 0 | 2073 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 2617123 | 5412 | SH |  | SOLE |  | 0 | 0 | 5412 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 235760 | 1328 | SH |  | SOLE |  | 0 | 0 | 1328 |
| NATERA INC | COM | 632307104 | BBG001V0FSF8 | 313624 | 1369 | SH |  | SOLE |  | 0 | 0 | 1369 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 661383 | 7054 | SH |  | SOLE |  | 0 | 0 | 7054 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 202336 | 2520 | SH |  | SOLE |  | 0 | 0 | 2520 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 3558643 | 19081 | SH |  | SOLE |  | 0 | 0 | 19081 |
| OCEANEERING INTL INC | COM | 675232102 | BBG001S61HT3 | 239435 | 9964 | SH |  | SOLE |  | 0 | 0 | 9964 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 | BBG001S6WQT9 | 245862 | 1568 | SH |  | SOLE |  | 0 | 0 | 1568 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 668262 | 9092 | SH |  | SOLE |  | 0 | 0 | 9092 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 566408 | 2906 | SH |  | SOLE |  | 0 | 0 | 2906 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 885949 | 6173 | SH |  | SOLE |  | 0 | 0 | 6173 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 283262 | 11376 | SH |  | SOLE |  | 0 | 0 | 11376 |
| PRIMERICA INC | COM | 74164M108 | BBG001T5ZSQ6 | 246734 | 955 | SH |  | SOLE |  | 0 | 0 | 955 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 854701 | 5964 | SH |  | SOLE |  | 0 | 0 | 5964 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 238786 | 1396 | SH |  | SOLE |  | 0 | 0 | 1396 |
| RAYMOND JAMES FINL INC | COM | 754730109 | BBG001S5VQ03 | 392321 | 2443 | SH |  | SOLE |  | 0 | 0 | 2443 |
| RBC BEARINGS INC | COM | 75524B104 | BBG001SNYTV1 | 419730 | 936 | SH |  | SOLE |  | 0 | 0 | 936 |
| REDWOOD TRUST INC | COM | 758075402 | BBG001SBHVP8 | 69031 | 12483 | SH |  | SOLE |  | 0 | 0 | 12483 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 391007 | 1476 | SH |  | SOLE |  | 0 | 0 | 1476 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 | BBG001T5XQT9 | 779094 | 29702 | SH |  | SOLE |  | 0 | 0 | 29702 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 330212 | 10123 | SH |  | SOLE |  | 0 | 0 | 10123 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | BBG0113JGQG9 | 460727 | 1673 | SH |  | SOLE |  | 0 | 0 | 1673 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 | BBG001S7T107 | 410073 | 5279 | SH |  | SOLE |  | 0 | 0 | 5279 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 467298 | 8532 | SH |  | SOLE |  | 0 | 0 | 8532 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 | BBG001S7SCQ6 | 413006 | 2668 | SH |  | SOLE |  | 0 | 0 | 2668 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 | BBG001S7T232 | 297675 | 1919 | SH |  | SOLE |  | 0 | 0 | 1919 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 | BBG001S7R733 | 278086 | 6132 | SH |  | SOLE |  | 0 | 0 | 6132 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 233329 | 1621 | SH |  | SOLE |  | 0 | 0 | 1621 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 1058217 | 6574 | SH |  | SOLE |  | 0 | 0 | 6574 |
| SIMPSON MFG INC | COM | 829073105 | BBG001SB9QN0 | 273853 | 1696 | SH |  | SOLE |  | 0 | 0 | 1696 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNK2 | 216070 | 985 | SH |  | SOLE |  | 0 | 0 | 985 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 913071 | 10471 | SH |  | SOLE |  | 0 | 0 | 10471 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 1325893 | 2759 | SH |  | SOLE |  | 0 | 0 | 2759 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 1186546 | 26718 | SH |  | SOLE |  | 0 | 0 | 26718 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 2383992 | 3496 | SH |  | SOLE |  | 0 | 0 | 3496 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG003T4VFD1 | 764795 | 1317 | SH |  | SOLE |  | 0 | 0 | 1317 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 223325 | 2652 | SH |  | SOLE |  | 0 | 0 | 2652 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 371504 | 1057 | SH |  | SOLE |  | 0 | 0 | 1057 |
| SYMBOTIC INC | CLASS A COM | 87151X101 | BBG00Z72HCX9 | 251983 | 4235 | SH |  | SOLE |  | 0 | 0 | 4235 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMX4 | 620647 | 2728 | SH |  | SOLE |  | 0 | 0 | 2728 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 | BBG001SDK336 | 263537 | 516 | SH |  | SOLE |  | 0 | 0 | 516 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 | BBG001S70DV8 | 142841 | 12240 | SH |  | SOLE |  | 0 | 0 | 12240 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG001S7K017 | 618624 | 12370 | SH |  | SOLE |  | 0 | 0 | 12370 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 599976 | 12192 | SH |  | SOLE |  | 0 | 0 | 12192 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 298568 | 3654 | SH |  | SOLE |  | 0 | 0 | 3654 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 229823 | 2317 | SH |  | SOLE |  | 0 | 0 | 2317 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 347606 | 1053 | SH |  | SOLE |  | 0 | 0 | 1053 |
| USA RARE EARTH INC | COM | 91733P107 | BBG01HFW5YQ6 | 243188 | 20436 | SH |  | SOLE |  | 0 | 0 | 20436 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 2698354 | 5531 | SH |  | SOLE |  | 0 | 0 | 5531 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 | BBG001SRN7S6 | 1031143 | 3694 | SH |  | SOLE |  | 0 | 0 | 3694 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 3691287 | 5886 | SH |  | SOLE |  | 0 | 0 | 5886 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 1791827 | 5344 | SH |  | SOLE |  | 0 | 0 | 5344 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 1779472 | 12615 | SH |  | SOLE |  | 0 | 0 | 12615 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 | BBG001TCH518 | 240814 | 1978 | SH |  | SOLE |  | 0 | 0 | 1978 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 424395 | 1931 | SH |  | SOLE |  | 0 | 0 | 1931 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 924269 | 6440 | SH |  | SOLE |  | 0 | 0 | 6440 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 | BBG001SHTTM0 | 434777 | 3257 | SH |  | SOLE |  | 0 | 0 | 3257 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 647497 | 859 | SH |  | SOLE |  | 0 | 0 | 859 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 276096 | 609 | SH |  | SOLE |  | 0 | 0 | 609 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1991682 | 5679 | SH |  | SOLE |  | 0 | 0 | 5679 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1221269 | 10962 | SH |  | SOLE |  | 0 | 0 | 10962 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | BBG001S6N6Y7 | 343093 | 1243 | SH |  | SOLE |  | 0 | 0 | 1243 |

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