# EDGAR Filing Document

**Accession Number:** 0001975550
**File Stem:** 0001831193-25-000005
**Filing Date:** 2025-7
**Character Count:** 21251
**Document Hash:** f3572c864e0c8a37ef3c8d545b45bb58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001831193-25-000005.hdr.sgml**: 20250709

**ACCESSION NUMBER**: 0001831193-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250709

**DATE AS OF CHANGE**: 20250709

**EFFECTIVENESS DATE**: 20250709

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHANNEL WEALTH LLC
- **CENTRAL INDEX KEY:** 0001975550

**ORGANIZATION NAME:**
- **EIN:** 842475389
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23193
- **FILM NUMBER:** 251113973

**BUSINESS ADDRESS:**
- **STREET 1:** 3700 STATE STREET #240
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93105
- **BUSINESS PHONE:** 805-898-0893

**MAIL ADDRESS:**
- **STREET 1:** 3700 STATE STREET #240
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93105

### 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:** CHANNEL WEALTH LLC<br>**Address:** 3700 STATE STREET #240<br>SANTA BARBARA, CA 93105

**Form 13F File Number:** 028-23193

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  07-09-2025<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:** 179

**Form 13F Information Table Value Total:** $353631253

      (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 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 211826 | 2594 | SH |  | SOLE |  | 0 | 0 | 2594 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 377939 | 534 | SH |  | SOLE |  | 0 | 0 | 534 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 372903 | 2904 | SH |  | SOLE |  | 0 | 0 | 2904 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 255058 | 3782 | SH |  | SOLE |  | 0 | 0 | 3782 |
| COMMUNITY WEST BANCSHARES NE | COM | 203937107 |  | 209947 | 10761 | SH |  | SOLE |  | 0 | 0 | 10761 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 732242 | 3233 | SH |  | SOLE |  | 0 | 0 | 3233 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ BUYWRITE | 33738R407 |  | 442411 | 22618 | SH |  | SOLE |  | 0 | 0 | 22618 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 776045 | 18736 | SH |  | SOLE |  | 0 | 0 | 18736 |
| STARBUCKS CORP | COM | 855244109 |  | 307748 | 3359 | SH |  | SOLE |  | 0 | 0 | 3359 |
| FASTENAL CO | COM | 311900104 |  | 248640 | 5920 | SH |  | SOLE |  | 0 | 0 | 5920 |
| ELI LILLY  CO | COM | 532457108 |  | 7964776 | 10217 | SH |  | SOLE |  | 0 | 0 | 10217 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 206346 | 486 | SH |  | SOLE |  | 0 | 0 | 486 |
| SAP SE | SPON ADR | 803054204 |  | 249058 | 819 | SH |  | SOLE |  | 0 | 0 | 819 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 948097 | 8795 | SH |  | SOLE |  | 0 | 0 | 8795 |
| THORNBURG ETF TR | INTL EQUITY ETF | 88521L306 |  | 11199963 | 378984 | SH |  | SOLE |  | 0 | 0 | 378984 |
| CISCO SYS INC | COM | 17275R102 |  | 374097 | 5392 | SH |  | SOLE |  | 0 | 0 | 5392 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 8732938 | 49230 | SH |  | SOLE |  | 0 | 0 | 49230 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 466021 | 8745 | SH |  | SOLE |  | 0 | 0 | 8745 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 354338 | 2658 | SH |  | SOLE |  | 0 | 0 | 2658 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 |  | 141469 | 11363 | SH |  | SOLE |  | 0 | 0 | 11363 |
| MICROSOFT CORP | COM | 594918104 |  | 13682216 | 27507 | SH |  | SOLE |  | 0 | 0 | 27507 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 10463593 | 394853 | SH |  | SOLE |  | 0 | 0 | 394853 |
| AVANTOR INC | COM | 05352A100 |  | 343365 | 25510 | SH |  | SOLE |  | 0 | 0 | 25510 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 4803520 | 18969 | SH |  | SOLE |  | 0 | 0 | 18969 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 7316234 | 72773 | SH |  | SOLE |  | 0 | 0 | 72773 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 226362 | 1607 | SH |  | SOLE |  | 0 | 0 | 1607 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 705965 | 13285 | SH |  | SOLE |  | 0 | 0 | 13285 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US B | 808524789 |  | 746977 | 31150 | SH |  | SOLE |  | 0 | 0 | 31150 |
| BROADCOM INC | COM | 11135F101 |  | 3337339 | 12107 | SH |  | SOLE |  | 0 | 0 | 12107 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 530078 | 36965 | SH |  | SOLE |  | 0 | 0 | 36965 |
| ENOVIX CORPORATION | COM | 293594107 |  | 500 | 900 | SH | Call | SOLE |  | 0 | 0 | 900 |
| HOME DEPOT INC | COM | 437076102 |  | 399202 | 1089 | SH |  | SOLE |  | 0 | 0 | 1089 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 398826 | 571 | SH |  | SOLE |  | 0 | 0 | 571 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 3324514 | 54154 | SH |  | SOLE |  | 0 | 0 | 54154 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 535944 | 17595 | SH |  | SOLE |  | 0 | 0 | 17595 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 895378 | 2946 | SH |  | SOLE |  | 0 | 0 | 2946 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 6559200 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| ISHARES TR | CORE S ETF | 464287200 |  | 535837 | 863 | SH |  | SOLE |  | 0 | 0 | 863 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 6946997 | 14301 | SH |  | SOLE |  | 0 | 0 | 14301 |
| HONEYWELL INTL INC | COM | 438516106 |  | 422677 | 1815 | SH |  | SOLE |  | 0 | 0 | 1815 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 249171 | 1957 | SH |  | SOLE |  | 0 | 0 | 1957 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 315261 | 11698 | SH |  | SOLE |  | 0 | 0 | 11698 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 1197507 | 11892 | SH |  | SOLE |  | 0 | 0 | 11892 |
| GLOBAL X FDS | ADAPTIVE US | 37954Y574 |  | 8014040 | 179285 | SH |  | SOLE |  | 0 | 0 | 179285 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1819912 | 35860 | SH |  | SOLE |  | 0 | 0 | 35860 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 211065 | 5274 | SH |  | SOLE |  | 0 | 0 | 5274 |
| PACER FDS TR | DEVELOPED MRKT | 69374H873 |  | 3474769 | 102109 | SH |  | SOLE |  | 0 | 0 | 102109 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 486125 | 4082 | SH |  | SOLE |  | 0 | 0 | 4082 |
| ENOVIX CORPORATION | COM | 293594107 |  | 600 | 2000 | SH | Call | SOLE |  | 0 | 0 | 2000 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2979881 | 29126 | SH |  | SOLE |  | 0 | 0 | 29126 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 874390 | 84482 | SH |  | SOLE |  | 0 | 0 | 84482 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 523410 | 31304 | SH |  | SOLE |  | 0 | 0 | 31304 |
| WALMART INC | COM | 931142103 |  | 535052 | 5472 | SH |  | SOLE |  | 0 | 0 | 5472 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 3865540 | 42140 | SH |  | SOLE |  | 0 | 0 | 42140 |
| INVESCO EXCH TRD SLF IDX FD | RUSL 1000 DYNM | 46138J619 |  | 686600 | 11883 | SH |  | SOLE |  | 0 | 0 | 11883 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 367778 | 3117 | SH |  | SOLE |  | 0 | 0 | 3117 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 227845 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 216126 | 912 | SH |  | SOLE |  | 0 | 0 | 912 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 303464 | 7013 | SH |  | SOLE |  | 0 | 0 | 7013 |
| PACER FDS TR | METAURUS CAP 400 | 69374H436 |  | 312918 | 7930 | SH |  | SOLE |  | 0 | 0 | 7930 |
| US BANCORP DEL | COM NEW | 902973304 |  | 273536 | 6045 | SH |  | SOLE |  | 0 | 0 | 6045 |
| CHEVRON CORP NEW | COM | 166764100 |  | 630898 | 4406 | SH |  | SOLE |  | 0 | 0 | 4406 |
| STRYKER CORPORATION | COM | 863667101 |  | 862190 | 2179 | SH |  | SOLE |  | 0 | 0 | 2179 |
| MERCK  CO INC | COM | 58933Y105 |  | 483373 | 6106 | SH |  | SOLE |  | 0 | 0 | 6106 |
| NETFLIX INC | COM | 64110L106 |  | 444591 | 332 | SH |  | SOLE |  | 0 | 0 | 332 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 898248 | 2816 | SH |  | SOLE |  | 0 | 0 | 2816 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 4397333 | 63711 | SH |  | SOLE |  | 0 | 0 | 63711 |
| FORD MTR CO | COM | 345370860 |  | 110032 | 10141 | SH |  | SOLE |  | 0 | 0 | 10141 |
| ENOVIX CORPORATION | COM | 293594107 |  | 12650 | 5500 | SH | Call | SOLE |  | 0 | 0 | 5500 |
| ENOVIX CORPORATION | COM | 293594107 |  | 1936031 | 187237 | SH |  | SOLE |  | 0 | 0 | 187237 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 390138 | 2134 | SH |  | SOLE |  | 0 | 0 | 2134 |
| AMAZON COM INC | COM | 023135106 |  | 3142981 | 14326 | SH |  | SOLE |  | 0 | 0 | 14326 |
| AMGEN INC | COM | 031162100 |  | 592595 | 2122 | SH |  | SOLE |  | 0 | 0 | 2122 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2514355 | 9422 | SH |  | SOLE |  | 0 | 0 | 9422 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 301531 | 2759 | SH |  | SOLE |  | 0 | 0 | 2759 |
| EMERSON ELEC CO | COM | 291011104 |  | 435589 | 3267 | SH |  | SOLE |  | 0 | 0 | 3267 |
| RTX CORPORATION | COM | 75513E101 |  | 498804 | 3416 | SH |  | SOLE |  | 0 | 0 | 3416 |
| TESLA INC | COM | 88160R101 |  | 1480931 | 4662 | SH |  | SOLE |  | 0 | 0 | 4662 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 366122 | 35204 | SH |  | SOLE |  | 0 | 0 | 35204 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 1081817 | 21395 | SH |  | SOLE |  | 0 | 0 | 21395 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6083486 | 11028 | SH |  | SOLE |  | 0 | 0 | 11028 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 3805607 | 16526 | SH |  | SOLE |  | 0 | 0 | 16526 |
| RIVERNORTH OPPORTUNITIES FD | COM | 76881Y109 |  | 151668 | 12371 | SH |  | SOLE |  | 0 | 0 | 12371 |
| LINDE PLC | SHS | G54950103 |  | 5770914 | 12300 | SH |  | SOLE |  | 0 | 0 | 12300 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4245732 | 14205 | SH |  | SOLE |  | 0 | 0 | 14205 |
| MCKESSON CORP | COM | 58155Q103 |  | 1593064 | 2174 | SH |  | SOLE |  | 0 | 0 | 2174 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2922136 | 2952 | SH |  | SOLE |  | 0 | 0 | 2952 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 2697846 | 18288 | SH |  | SOLE |  | 0 | 0 | 18288 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 10904044 | 69017 | SH |  | SOLE |  | 0 | 0 | 69017 |
| COCA COLA CO | COM | 191216100 |  | 415894 | 5878 | SH |  | SOLE |  | 0 | 0 | 5878 |
| VISA INC | COM CL A | 92826C839 |  | 2265219 | 6380 | SH |  | SOLE |  | 0 | 0 | 6380 |
| LINCOLN EDL SVCS CORP | COM | 533535100 |  | 800619 | 34734 | SH |  | SOLE |  | 0 | 0 | 34734 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 4816479 | 84723 | SH |  | SOLE |  | 0 | 0 | 84723 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 902227 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 445848 | 11198 | SH |  | SOLE |  | 0 | 0 | 11198 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 4319276 | 21104 | SH |  | SOLE |  | 0 | 0 | 21104 |
| ORACLE CORP | COM | 68389X105 |  | 1017504 | 4654 | SH |  | SOLE |  | 0 | 0 | 4654 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 196830 | 10453 | SH |  | SOLE |  | 0 | 0 | 10453 |
| FIRST SOLAR INC | COM | 336433107 |  | 244834 | 1479 | SH |  | SOLE |  | 0 | 0 | 1479 |
| PFIZER INC | COM | 717081103 |  | 344838 | 14226 | SH |  | SOLE |  | 0 | 0 | 14226 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 244608 | 1384 | SH |  | SOLE |  | 0 | 0 | 1384 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 283780 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 298263 | 1641 | SH |  | SOLE |  | 0 | 0 | 1641 |
| DISNEY WALT CO | COM | 254687106 |  | 201904 | 1628 | SH |  | SOLE |  | 0 | 0 | 1628 |
| WILLIAMS COS INC | COM | 969457100 |  | 224295 | 3571 | SH |  | SOLE |  | 0 | 0 | 3571 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 3533170 | 67145 | SH |  | SOLE |  | 0 | 0 | 67145 |
| FIRST TR EXCHANGE TRADED FD | BUYWRIT INCM ETF | 33738R308 |  | 345708 | 15129 | SH |  | SOLE |  | 0 | 0 | 15129 |
| GE VERNOVA INC | COM | 36828A101 |  | 1708625 | 3229 | SH |  | SOLE |  | 0 | 0 | 3229 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 759522 | 30950 | SH |  | SOLE |  | 0 | 0 | 30950 |
| CENCORA INC | COM | 03073E105 |  | 522339 | 1742 | SH |  | SOLE |  | 0 | 0 | 1742 |
| MARATHON PETE CORP | COM | 56585A102 |  | 229896 | 1384 | SH |  | SOLE |  | 0 | 0 | 1384 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 390382 | 3475 | SH |  | SOLE |  | 0 | 0 | 3475 |
| BRAG HSE HLDGS INC | COM | 104813209 |  | 16753 | 22000 | SH |  | SOLE |  | 0 | 0 | 22000 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 659823 | 11975 | SH |  | SOLE |  | 0 | 0 | 11975 |
| INVESCO ACTIVELY MANAGED EXC | TOTAL RETURN | 46090A804 |  | 6694532 | 142771 | SH |  | SOLE |  | 0 | 0 | 142771 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 6178040 | 13877 | SH |  | SOLE |  | 0 | 0 | 13877 |
| ABBVIE INC | COM | 00287Y109 |  | 577649 | 3112 | SH |  | SOLE |  | 0 | 0 | 3112 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 307679 | 3027 | SH |  | SOLE |  | 0 | 0 | 3027 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 200228 | 723 | SH |  | SOLE |  | 0 | 0 | 723 |
| ENOVIX CORPORATION | COM | 293594107 |  | 546 | 1200 | SH | Call | SOLE |  | 0 | 0 | 1200 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 4010483 | 57391 | SH |  | SOLE |  | 0 | 0 | 57391 |
| BANK AMERICA CORP | COM | 060505104 |  | 442703 | 9356 | SH |  | SOLE |  | 0 | 0 | 9356 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 3738223 | 71381 | SH |  | SOLE |  | 0 | 0 | 71381 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 315504 | 2817 | SH |  | SOLE |  | 0 | 0 | 2817 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 575900 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| GE AEROSPACE | COM NEW | 369604301 |  | 683432 | 2655 | SH |  | SOLE |  | 0 | 0 | 2655 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3278488 | 11309 | SH |  | SOLE |  | 0 | 0 | 11309 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 735186 | 4813 | SH |  | SOLE |  | 0 | 0 | 4813 |
| HARBOR ETF TRUST | HARBOR COMMODITY | 41151J505 |  | 1486475 | 61197 | SH |  | SOLE |  | 0 | 0 | 61197 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2329917 | 14624 | SH |  | SOLE |  | 0 | 0 | 14624 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 737993 | 2421 | SH |  | SOLE |  | 0 | 0 | 2421 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1796969 | 16730 | SH |  | SOLE |  | 0 | 0 | 16730 |
| GOLDMAN SACHS ETF TR | ACCESS INVT GR | 381430479 |  | 8540346 | 185579 | SH |  | SOLE |  | 0 | 0 | 185579 |
| INNOVATOR ETFS TRUST | LADERD ALCTN PWR | 45783Y814 |  | 2018838 | 42954 | SH |  | SOLE |  | 0 | 0 | 42954 |
| INTUIT | COM | 461202103 |  | 382001 | 485 | SH |  | SOLE |  | 0 | 0 | 485 |
| ATOMERA INC | COM | 04965B100 |  | 289044 | 57350 | SH |  | SOLE |  | 0 | 0 | 57350 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 475360 | 11019 | SH |  | SOLE |  | 0 | 0 | 11019 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 607532 | 1118 | SH |  | SOLE |  | 0 | 0 | 1118 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 412457 | 3060 | SH |  | SOLE |  | 0 | 0 | 3060 |
| ENOVIX CORPORATION | COM | 293594107 |  | 690 | 1000 | SH | Call | SOLE |  | 0 | 0 | 1000 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 5619347 | 7012 | SH |  | SOLE |  | 0 | 0 | 7012 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3909963 | 5297 | SH |  | SOLE |  | 0 | 0 | 5297 |
| HIGHLAND OPPS  INCOME FD | HIGHLAND INCOME | 43010E404 |  | 86954 | 16722 | SH |  | SOLE |  | 0 | 0 | 16722 |
| ISHARES TR | US SML CAP EQT | 46434V290 |  | 299252 | 4404 | SH |  | SOLE |  | 0 | 0 | 4404 |
| ANGEL OAK FUNDS TRUST | INCOME ETF | 03463K760 |  | 21902645 | 1053012 | SH |  | SOLE |  | 0 | 0 | 1053012 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 720112 | 14209 | SH |  | SOLE |  | 0 | 0 | 14209 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 265258 | 3276 | SH |  | SOLE |  | 0 | 0 | 3276 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 3226536 | 67970 | SH |  | SOLE |  | 0 | 0 | 67970 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1800044 | 10214 | SH |  | SOLE |  | 0 | 0 | 10214 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2419395 | 17050 | SH |  | SOLE |  | 0 | 0 | 17050 |
| PULTE GROUP INC | COM | 745867101 |  | 2246298 | 21300 | SH |  | SOLE |  | 0 | 0 | 21300 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 5402505 | 18760 | SH |  | SOLE |  | 0 | 0 | 18760 |
| ADOBE INC | COM | 00724F101 |  | 3807286 | 9841 | SH |  | SOLE |  | 0 | 0 | 9841 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 476440 | 2733 | SH |  | SOLE |  | 0 | 0 | 2733 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 209770 | 529 | SH |  | SOLE |  | 0 | 0 | 529 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 11973315 | 19379 | SH |  | SOLE |  | 0 | 0 | 19379 |
| SNAP ON INC | COM | 833034101 |  | 241476 | 776 | SH |  | SOLE |  | 0 | 0 | 776 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 794687 | 9368 | SH |  | SOLE |  | 0 | 0 | 9368 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 3959465 | 42438 | SH |  | SOLE |  | 0 | 0 | 42438 |
| BRF SA | SPONSORED ADR | 10552T107 |  | 168418 | 46142 | SH |  | SOLE |  | 0 | 0 | 46142 |
| TARGET CORP | COM | 87612E106 |  | 220285 | 2233 | SH |  | SOLE |  | 0 | 0 | 2233 |
| UNION PAC CORP | COM | 907818108 |  | 373880 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 347574 | 3421 | SH |  | SOLE |  | 0 | 0 | 3421 |
| IRON MTN INC DEL | COM | 46284V101 |  | 268800 | 2621 | SH |  | SOLE |  | 0 | 0 | 2621 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 6948630 | 175205 | SH |  | SOLE |  | 0 | 0 | 175205 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 386665 | 1557 | SH |  | SOLE |  | 0 | 0 | 1557 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 362321 | 11684 | SH |  | SOLE |  | 0 | 0 | 11684 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 317515 | 3060 | SH |  | SOLE |  | 0 | 0 | 3060 |
| AT INC | COM | 00206R102 |  | 377500 | 13044 | SH |  | SOLE |  | 0 | 0 | 13044 |
| FIRST TR EXCH TRADED FD III | CALIF MUN INCM | 33739P863 |  | 1525830 | 31808 | SH |  | SOLE |  | 0 | 0 | 31808 |
| BLACKSTONE INC | COM | 09260D107 |  | 370958 | 2480 | SH |  | SOLE |  | 0 | 0 | 2480 |
| APPLE INC | COM | 037833100 |  | 11730673 | 57175 | SH |  | SOLE |  | 0 | 0 | 57175 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 363973 | 994 | SH |  | SOLE |  | 0 | 0 | 994 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 326308 | 44946 | SH |  | SOLE |  | 0 | 0 | 44946 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3765421 | 6629 | SH |  | SOLE |  | 0 | 0 | 6629 |
| ABRDN GLOBAL PREMIER PPTYS F | COM SH BEN INT | 00302L108 |  | 59400 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| CATERPILLAR INC | COM | 149123101 |  | 559411 | 1441 | SH |  | SOLE |  | 0 | 0 | 1441 |
| REALTY INCOME CORP | COM | 756109104 |  | 961394 | 16688 | SH |  | SOLE |  | 0 | 0 | 16688 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 394416 | 1338 | SH |  | SOLE |  | 0 | 0 | 1338 |

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