# EDGAR Filing Document

**Accession Number:** 0001910273
**File Stem:** 0001951757-25-001244
**Filing Date:** 2025-11
**Character Count:** 22802
**Document Hash:** f5f3c4109aeea108eced35b6699dd264
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001244.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001951757-25-001244

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**EFFECTIVENESS DATE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Advisory Group, LLC
- **CENTRAL INDEX KEY:** 0001910273

**ORGANIZATION NAME:**
- **EIN:** 043420668
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21817
- **FILM NUMBER:** 251442335

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MILL STREET
- **STREET 2:** BUILDING D, SUITE 101
- **CITY:** HANOVER
- **STATE:** MA
- **ZIP:** 02339
- **BUSINESS PHONE:** 781-826-1235

**MAIL ADDRESS:**
- **STREET 1:** 51 MILL STREET
- **STREET 2:** BUILDING D, SUITE 101
- **CITY:** HANOVER
- **STATE:** MA
- **ZIP:** 02339

### 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:** Investment Advisory Group LLC<br>**Address:** 51 MILL STREET<br>BUILDING D SUITE 101<br>HANOVER, MA 02339

**Form 13F File Number:** 028-21817

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:** Jay Richards<br>**Title:** Chief Compliance Officer<br>**Phone:** (781) 826-1235

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

Jay Richards  Hanover, MA  11-03-2025<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:** 189

**Form 13F Information Table Value Total:** $367686651

      (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 |
| AT INC | COM | 00206R102 |  | 497212 | 17607 | SH |  | SOLE |  | 0 | 0 | 17607 |
| ABBOTT LABS | COM | 002824100 |  | 456212 | 3406 | SH |  | SOLE |  | 0 | 0 | 3406 |
| ABBVIE INC | COM | 00287Y109 |  | 1086974 | 4695 | SH |  | SOLE |  | 0 | 0 | 4695 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 335067 | 2071 | SH |  | SOLE |  | 0 | 0 | 2071 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1871263 | 7683 | SH |  | SOLE |  | 0 | 0 | 7683 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1570092 | 6459 | SH |  | SOLE |  | 0 | 0 | 6459 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 415616 | 6292 | SH |  | SOLE |  | 0 | 0 | 6292 |
| AMAZON COM INC | COM | 023135106 |  | 5432822 | 24743 | SH |  | SOLE |  | 0 | 0 | 24743 |
| AMERICAN CENTY ETF TR | DIVERSIFID CRP | 025072109 |  | 295120 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| AMERICAN CENTY ETF TR | US QUALITY VAL | 025072208 |  | 232068 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 1255662 | 17377 | SH |  | SOLE |  | 0 | 0 | 17377 |
| AMERICAN CENTY ETF TR | AVANTIS SHFXDINC | 025072687 |  | 344663 | 7300 | SH |  | SOLE |  | 0 | 0 | 7300 |
| AMERICAN CENTY ETF TR | FOCUSED LRG CAP | 025072794 |  | 228627 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 283660 | 2850 | SH |  | SOLE |  | 0 | 0 | 2850 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 314888 | 948 | SH |  | SOLE |  | 0 | 0 | 948 |
| AMETEK INC | COM | 031100100 |  | 510984 | 2718 | SH |  | SOLE |  | 0 | 0 | 2718 |
| AMGEN INC | COM | 031162100 |  | 580768 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| ANALOG DEVICES INC | COM | 032654105 |  | 205651 | 837 | SH |  | SOLE |  | 0 | 0 | 837 |
| APPLE INC | COM | 037833100 |  | 8146709 | 31994 | SH |  | SOLE |  | 0 | 0 | 31994 |
| BANK AMERICA CORP | COM | 060505104 |  | 430265 | 8340 | SH |  | SOLE |  | 0 | 0 | 8340 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1841133 | 3662 | SH |  | SOLE |  | 0 | 0 | 3662 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 224549 | 2300 | SH |  | SOLE |  | 0 | 0 | 2300 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 665232 | 15828 | SH |  | SOLE |  | 0 | 0 | 15828 |
| CHEVRON CORP NEW | COM | 166764100 |  | 271874 | 1751 | SH |  | SOLE |  | 0 | 0 | 1751 |
| CISCO SYS INC | COM | 17275R102 |  | 429537 | 6278 | SH |  | SOLE |  | 0 | 0 | 6278 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 407277 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 1025970 | 22421 | SH |  | SOLE |  | 0 | 0 | 22421 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 422739 | 11630 | SH |  | SOLE |  | 0 | 0 | 11630 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 12782846 | 176461 | SH |  | SOLE |  | 0 | 0 | 176461 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 3514704 | 51340 | SH |  | SOLE |  | 0 | 0 | 51340 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 |  | 299805 | 4172 | SH |  | SOLE |  | 0 | 0 | 4172 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 3600044 | 50042 | SH |  | SOLE |  | 0 | 0 | 50042 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 |  | 502622 | 12274 | SH |  | SOLE |  | 0 | 0 | 12274 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 22522387 | 583935 | SH |  | SOLE |  | 0 | 0 | 583935 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILTY | 25434V716 |  | 851682 | 20053 | SH |  | SOLE |  | 0 | 0 | 20053 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 4388200 | 98192 | SH |  | SOLE |  | 0 | 0 | 98192 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 1051651 | 32072 | SH |  | SOLE |  | 0 | 0 | 32072 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 1626829 | 35274 | SH |  | SOLE |  | 0 | 0 | 35274 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 210349 | 4365 | SH |  | SOLE |  | 0 | 0 | 4365 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 1095839 | 25628 | SH |  | SOLE |  | 0 | 0 | 25628 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 5517559 | 175830 | SH |  | SOLE |  | 0 | 0 | 175830 |
| DISNEY WALT CO | COM | 254687106 |  | 261409 | 2283 | SH |  | SOLE |  | 0 | 0 | 2283 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 217614 | 2794 | SH |  | SOLE |  | 0 | 0 | 2794 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 261970 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 240486 | 3380 | SH |  | SOLE |  | 0 | 0 | 3380 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1417213 | 12570 | SH |  | SOLE |  | 0 | 0 | 12570 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2288278 | 3116 | SH |  | SOLE |  | 0 | 0 | 3116 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 316092113 |  | 262627 | 7047 | SH |  | SOLE |  | 0 | 0 | 7047 |
| FIDELITY COVINGTON TRUST | BLUE CHIP GRWTH | 316092352 |  | 961062 | 17910 | SH |  | SOLE |  | 0 | 0 | 17910 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 520878 | 9350 | SH |  | SOLE |  | 0 | 0 | 9350 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 31609A107 |  | 1261971 | 37637 | SH |  | SOLE |  | 0 | 0 | 37637 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 3277564 | 70882 | SH |  | SOLE |  | 0 | 0 | 70882 |
| FIDELITY MERRIMACK STR TR | SYSTEMATIC MUN | 316188846 |  | 247032 | 4958 | SH |  | SOLE |  | 0 | 0 | 4958 |
| FORTINET INC | COM | 34959E109 |  | 425277 | 5058 | SH |  | SOLE |  | 0 | 0 | 5058 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 213466 | 626 | SH |  | SOLE |  | 0 | 0 | 626 |
| GE AEROSPACE | COM NEW | 369604301 |  | 261040 | 868 | SH |  | SOLE |  | 0 | 0 | 868 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 214341 | 1931 | SH |  | SOLE |  | 0 | 0 | 1931 |
| HOME DEPOT INC | COM | 437076102 |  | 389596 | 962 | SH |  | SOLE |  | 0 | 0 | 962 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 732166 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3717133 | 6191 | SH |  | SOLE |  | 0 | 0 | 6191 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP GROWTH | 46137V746 |  | 288466 | 2300 | SH |  | SOLE |  | 0 | 0 | 2300 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 377895 | 5193 | SH |  | SOLE |  | 0 | 0 | 5193 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 6137691 | 42140 | SH |  | SOLE |  | 0 | 0 | 42140 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1837592 | 12932 | SH |  | SOLE |  | 0 | 0 | 12932 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 280345 | 2521 | SH |  | SOLE |  | 0 | 0 | 2521 |
| ISHARES TR | CORE S ETF | 464287200 |  | 15341717 | 22922 | SH |  | SOLE |  | 0 | 0 | 22922 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 976836 | 9744 | SH |  | SOLE |  | 0 | 0 | 9744 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 248888 | 4661 | SH |  | SOLE |  | 0 | 0 | 4661 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1765531 | 15839 | SH |  | SOLE |  | 0 | 0 | 15839 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 10014764 | 82959 | SH |  | SOLE |  | 0 | 0 | 82959 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 3685405 | 17846 | SH |  | SOLE |  | 0 | 0 | 17846 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 287534 | 2981 | SH |  | SOLE |  | 0 | 0 | 2981 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2977186 | 35887 | SH |  | SOLE |  | 0 | 0 | 35887 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 757201 | 7843 | SH |  | SOLE |  | 0 | 0 | 7843 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 5787927 | 88690 | SH |  | SOLE |  | 0 | 0 | 88690 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 1123569 | 5519 | SH |  | SOLE |  | 0 | 0 | 5519 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 2414357 | 5154 | SH |  | SOLE |  | 0 | 0 | 5154 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 228960 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 407507 | 1273 | SH |  | SOLE |  | 0 | 0 | 1273 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 468566 | 4688 | SH |  | SOLE |  | 0 | 0 | 4688 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 202878 | 1233 | SH |  | SOLE |  | 0 | 0 | 1233 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1597050 | 8154 | SH |  | SOLE |  | 0 | 0 | 8154 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 398950 | 4110 | SH |  | SOLE |  | 0 | 0 | 4110 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 343931 | 2716 | SH |  | SOLE |  | 0 | 0 | 2716 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 14187732 | 119395 | SH |  | SOLE |  | 0 | 0 | 119395 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 650256 | 11400 | SH |  | SOLE |  | 0 | 0 | 11400 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 3630317 | 68458 | SH |  | SOLE |  | 0 | 0 | 68458 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 920502 | 29111 | SH |  | SOLE |  | 0 | 0 | 29111 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 361694 | 5332 | SH |  | SOLE |  | 0 | 0 | 5332 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 6691369 | 140634 | SH |  | SOLE |  | 0 | 0 | 140634 |
| ISHARES TR | CORE 30/70 CONSE | 464289883 |  | 5719836 | 142426 | SH |  | SOLE |  | 0 | 0 | 142426 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 355781 | 8397 | SH |  | SOLE |  | 0 | 0 | 8397 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 224672 | 4398 | SH |  | SOLE |  | 0 | 0 | 4398 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 2229587 | 18208 | SH |  | SOLE |  | 0 | 0 | 18208 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 6467331 | 67977 | SH |  | SOLE |  | 0 | 0 | 67977 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 915502 | 17853 | SH |  | SOLE |  | 0 | 0 | 17853 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1048995 | 5393 | SH |  | SOLE |  | 0 | 0 | 5393 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 715038 | 2788 | SH |  | SOLE |  | 0 | 0 | 2788 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 632254 | 7656 | SH |  | SOLE |  | 0 | 0 | 7656 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2436265 | 27904 | SH |  | SOLE |  | 0 | 0 | 27904 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 2826054 | 57864 | SH |  | SOLE |  | 0 | 0 | 57864 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 238425 | 3617 | SH |  | SOLE |  | 0 | 0 | 3617 |
| ISHARES TR | 0-5YR INVT GR CP | 46434V100 |  | 507080 | 9976 | SH |  | SOLE |  | 0 | 0 | 9976 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 2852860 | 61076 | SH |  | SOLE |  | 0 | 0 | 61076 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 934633 | 13728 | SH |  | SOLE |  | 0 | 0 | 13728 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 351960 | 7644 | SH |  | SOLE |  | 0 | 0 | 7644 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 233876 | 3598 | SH |  | SOLE |  | 0 | 0 | 3598 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1300984 | 4124 | SH |  | SOLE |  | 0 | 0 | 4124 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 375486 | 5777 | SH |  | SOLE |  | 0 | 0 | 5777 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 883505 | 4765 | SH |  | SOLE |  | 0 | 0 | 4765 |
| ELI LILLY  CO | COM | 532457108 |  | 660473 | 866 | SH |  | SOLE |  | 0 | 0 | 866 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 346259 | 609 | SH |  | SOLE |  | 0 | 0 | 609 |
| MICROSOFT CORP | COM | 594918104 |  | 6142749 | 11860 | SH |  | SOLE |  | 0 | 0 | 11860 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 260685 | 1558 | SH |  | SOLE |  | 0 | 0 | 1558 |
| NB BANCORP INC | COM | 63945M107 |  | 353000 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 268101 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2636554 | 14131 | SH |  | SOLE |  | 0 | 0 | 14131 |
| NUVEEN FLOATING RATE INCOME | COM | 67072T108 |  | 147246 | 18001 | SH |  | SOLE |  | 0 | 0 | 18001 |
| ORACLE CORP | COM | 68389X105 |  | 567973 | 2020 | SH |  | SOLE |  | 0 | 0 | 2020 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 637403 | 3494 | SH |  | SOLE |  | 0 | 0 | 3494 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 697727 | 25996 | SH |  | SOLE |  | 0 | 0 | 25996 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 495502 | 5308 | SH |  | SOLE |  | 0 | 0 | 5308 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 284043 | 2821 | SH |  | SOLE |  | 0 | 0 | 2821 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3165401 | 20601 | SH |  | SOLE |  | 0 | 0 | 20601 |
| PROLOGIS INC. | COM | 74340W103 |  | 838744 | 7324 | SH |  | SOLE |  | 0 | 0 | 7324 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 574873 | 5578 | SH |  | SOLE |  | 0 | 0 | 5578 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 268342 | 929 | SH |  | SOLE |  | 0 | 0 | 929 |
| RTX CORPORATION | COM | 75513E101 |  | 660710 | 3949 | SH |  | SOLE |  | 0 | 0 | 3949 |
| REALTY INCOME CORP | COM | 756109104 |  | 1510975 | 24856 | SH |  | SOLE |  | 0 | 0 | 24856 |
| REPLIGEN CORP | COM | 759916109 |  | 230313 | 1723 | SH |  | SOLE |  | 0 | 0 | 1723 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1660600 | 2493 | SH |  | SOLE |  | 0 | 0 | 2493 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1144969 | 3221 | SH |  | SOLE |  | 0 | 0 | 3221 |
| SPDR INDEX SHS FDS | S EMKTSC ETF | 78463X756 |  | 211370 | 3141 | SH |  | SOLE |  | 0 | 0 | 3141 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 624693 | 4460 | SH |  | SOLE |  | 0 | 0 | 4460 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 2188026 | 3671 | SH |  | SOLE |  | 0 | 0 | 3671 |
| SPDR SERIES TRUST | PORTFLI HIGH YLD | 78468R606 |  | 275996 | 11529 | SH |  | SOLE |  | 0 | 0 | 11529 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 239376 | 7502 | SH |  | SOLE |  | 0 | 0 | 7502 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3260845 | 119445 | SH |  | SOLE |  | 0 | 0 | 119445 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 656151 | 28185 | SH |  | SOLE |  | 0 | 0 | 28185 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 700397 | 8937 | SH |  | SOLE |  | 0 | 0 | 8937 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 253834 | 2841 | SH |  | SOLE |  | 0 | 0 | 2841 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 979884 | 18190 | SH |  | SOLE |  | 0 | 0 | 18190 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 200624 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| STATE STR CORP | COM | 857477103 |  | 351531 | 3030 | SH |  | SOLE |  | 0 | 0 | 3030 |
| STRYKER CORPORATION | COM | 863667101 |  | 251745 | 681 | SH |  | SOLE |  | 0 | 0 | 681 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 218448 | 782 | SH |  | SOLE |  | 0 | 0 | 782 |
| TESLA INC | COM | 88160R101 |  | 2725790 | 6129 | SH |  | SOLE |  | 0 | 0 | 6129 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 904144 | 968 | SH |  | SOLE |  | 0 | 0 | 968 |
| 3M CO | COM | 88579Y101 |  | 276231 | 1780 | SH |  | SOLE |  | 0 | 0 | 1780 |
| VANECK ETF TRUST | INTERNATIONAL HI | 92189F445 |  | 354051 | 15999 | SH |  | SOLE |  | 0 | 0 | 15999 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 5725353 | 26532 | SH |  | SOLE |  | 0 | 0 | 26532 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1656877 | 22555 | SH |  | SOLE |  | 0 | 0 | 22555 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 239249 | 2020 | SH |  | SOLE |  | 0 | 0 | 2020 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | 921932505 |  | 1218356 | 2798 | SH |  | SOLE |  | 0 | 0 | 2798 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 228413 | 2925 | SH |  | SOLE |  | 0 | 0 | 2925 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 342066 | 4335 | SH |  | SOLE |  | 0 | 0 | 4335 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2229419 | 29977 | SH |  | SOLE |  | 0 | 0 | 29977 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1300254 | 21700 | SH |  | SOLE |  | 0 | 0 | 21700 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 25270741 | 179289 | SH |  | SOLE |  | 0 | 0 | 179289 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 4769909 | 56329 | SH |  | SOLE |  | 0 | 0 | 56329 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 |  | 2401668 | 30545 | SH |  | SOLE |  | 0 | 0 | 30545 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 325733 | 4564 | SH |  | SOLE |  | 0 | 0 | 4564 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1098838 | 20281 | SH |  | SOLE |  | 0 | 0 | 20281 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 2721844 | 46251 | SH |  | SOLE |  | 0 | 0 | 46251 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2046764 | 25607 | SH |  | SOLE |  | 0 | 0 | 25607 |
| VANGUARD SCOTTSDALE FDS | TOTAL CORP BND | 92206C573 |  | 201509 | 2571 | SH |  | SOLE |  | 0 | 0 | 2571 |
| VANGUARD SCOTTSDALE FDS | VNG RUS3000IDX | 92206C599 |  | 1775737 | 6033 | SH |  | SOLE |  | 0 | 0 | 6033 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1046944 | 17440 | SH |  | SOLE |  | 0 | 0 | 17440 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 536454 | 6378 | SH |  | SOLE |  | 0 | 0 | 6378 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3357064 | 5482 | SH |  | SOLE |  | 0 | 0 | 5482 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 260004 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2093885 | 22904 | SH |  | SOLE |  | 0 | 0 | 22904 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 251340 | 844 | SH |  | SOLE |  | 0 | 0 | 844 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 210451 | 1008 | SH |  | SOLE |  | 0 | 0 | 1008 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 884111 | 3010 | SH |  | SOLE |  | 0 | 0 | 3010 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 27491080 | 57320 | SH |  | SOLE |  | 0 | 0 | 57320 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 7587428 | 40685 | SH |  | SOLE |  | 0 | 0 | 40685 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2976332 | 11705 | SH |  | SOLE |  | 0 | 0 | 11705 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4248124 | 12945 | SH |  | SOLE |  | 0 | 0 | 12945 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 565632 | 12870 | SH |  | SOLE |  | 0 | 0 | 12870 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 238509 | 609 | SH |  | SOLE |  | 0 | 0 | 609 |
| VISA INC | COM CL A | 92826C839 |  | 350682 | 1027 | SH |  | SOLE |  | 0 | 0 | 1027 |
| VULCAN MATLS CO | COM | 929160109 |  | 247326 | 804 | SH |  | SOLE |  | 0 | 0 | 804 |
| WALMART INC | COM | 931142103 |  | 572818 | 5558 | SH |  | SOLE |  | 0 | 0 | 5558 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 367218 | 1663 | SH |  | SOLE |  | 0 | 0 | 1663 |
| WATERS CORP | COM | 941848103 |  | 480276 | 1602 | SH |  | SOLE |  | 0 | 0 | 1602 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 336697 | 4017 | SH |  | SOLE |  | 0 | 0 | 4017 |
| WELLTOWER INC | COM | 95040Q104 |  | 876449 | 4920 | SH |  | SOLE |  | 0 | 0 | 4920 |
| LINDE PLC | SHS | G54950103 |  | 368305 | 775 | SH |  | SOLE |  | 0 | 0 | 775 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE 1/1 | 57164YAD9 |  | 31462 | 32000 | PRN |  | SOLE |  | 0 | 0 | 32000 |

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