# EDGAR Filing Document

**Accession Number:** 0001803536
**File Stem:** 0001803536-25-000004
**Filing Date:** 2025-7
**Character Count:** 20864
**Document Hash:** d5b4e0fb5c3b628571dad552b79728ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001803536-25-000004.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001803536-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250716

**EFFECTIVENESS DATE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cadent Capital Advisors, LLC
- **CENTRAL INDEX KEY:** 0001803536

**ORGANIZATION NAME:**
- **EIN:** 454339378
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20745
- **FILM NUMBER:** 251126514

**BUSINESS ADDRESS:**
- **STREET 1:** 4525 EAST 91ST STREET
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74137
- **BUSINESS PHONE:** 918-935-3450

**MAIL ADDRESS:**
- **STREET 1:** 4525 EAST 91ST STREET
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74137

### 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:** Cadent Capital Advisors LLC<br>**Address:** 4525 EAST 91ST STREET<br>TULSA, OK 74137

**Form 13F File Number:** 028-20745

**CRD Number (if applicable):** 000169704

**SEC File Number (if applicable):** 801-78860

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:** Brett Hobbs<br>**Title:** Chief Compliance Officer / Chief Operating Officer<br>**Phone:** 405-416-5510

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

Brett Hobbs  Oklahoma City, OK  07-16-2025<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:** 3

**Form 13F Information Table Entry Total:** 174

**Form 13F Information Table Value Total:** $311050075

      (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.]

| No.   | Name                                          | Form 13F File Number   |
|:---|:---|:---|
|  | ATLANTA CAPITAL MANAGEMENT CO L L C           | 028-05936              |
|  | ENVESTNET ASSET MANAGEMENT INC                | 028-13411              |
|  | FRANKLIN TEMPLETON PRIVATE PORFOLIO GROUP LLC |  |

### 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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 559984 | 7593 | SH |  | SOLE |  | 0 | 0 | 7593 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 211805 | 4335 | SH |  | SOLE |  | 0 | 0 | 4335 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 232976 | 1184 | SH |  | DFND | 12 | 0 | 0 | 1184 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 1309166 | 18935 | SH |  | SOLE |  | 0 | 0 | 18935 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 412382 | 15776 | SH |  | SOLE |  | 0 | 0 | 15776 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 411567 | 10080 | SH |  | SOLE |  | 0 | 0 | 10080 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 745337 | 4202 | SH |  | SOLE |  | 0 | 0 | 4202 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1242 | 7 | SH |  | DFND | 23 | 0 | 0 | 7 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 693702 | 3936 | SH |  | SOLE |  | 0 | 0 | 3936 |
| AMAZON COM INC | COM | 023135106 |  | 6363 | 29 | SH |  | DFND | 23 | 0 | 0 | 29 |
| AMAZON COM INC | COM | 023135106 |  | 1772855 | 8081 | SH |  | SOLE |  | 0 | 0 | 8081 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1094067 | 3430 | SH |  | SOLE |  | 0 | 0 | 3430 |
| APPLE INC | COM | 037833100 |  | 3700 | 18 | SH |  | DFND | 23 | 0 | 0 | 18 |
| APPLE INC | CALL | 037833100 |  | 3282720 | 16000 | PRN | Call | SOLE |  | 0 | 0 | 16000 |
| APPLE INC | COM | 037833100 |  | 7372050 | 35931 | SH |  | SOLE |  | 0 | 0 | 35931 |
| APTARGROUP INC | COM | 038336103 |  | 341331 | 2182 | SH |  | DFND | 12 | 0 | 0 | 2182 |
| ARAMARK | COM | 03852U106 |  | 376830 | 9000 | SH |  | DFND | 12 | 0 | 0 | 9000 |
| BERKLEY W R CORP | COM | 084423102 |  | 689443 | 9384 | SH |  | DFND | 12 | 0 | 0 | 9384 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 4372800 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3823496 | 7871 | SH |  | SOLE |  | 0 | 0 | 7871 |
| BLACKROCK INC | COM | 09290D101 |  | 661028 | 630 | SH |  | SOLE |  | 0 | 0 | 630 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 366315 | 3518 | SH |  | DFND | 12 | 0 | 0 | 3518 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 154811 | 637 | SH |  | DFND | 12 | 0 | 0 | 637 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 82631 | 340 | SH |  | SOLE |  | 0 | 0 | 340 |
| BROADCOM INC | COM | 11135F101 |  | 4587 | 17 | SH |  | DFND | 23 | 0 | 0 | 17 |
| BROADCOM INC | COM | 11135F101 |  | 2089614 | 7581 | SH |  | SOLE |  | 0 | 0 | 7581 |
| BURLINGTON STORES INC | COM | 122017106 |  | 365711 | 1572 | SH |  | DFND | 12 | 0 | 0 | 1572 |
| CACI INTL INC | CL A | 127190304 |  | 662613 | 1390 | SH |  | DFND | 12 | 0 | 0 | 1390 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 329700 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| CARLISLE COS INC | COM | 142339100 |  | 626939 | 1679 | SH |  | DFND | 12 | 0 | 0 | 1679 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 479079 | 939 | SH |  | DFND | 12 | 0 | 0 | 939 |
| CATERPILLAR INC | COM | 149123101 |  | 1114042 | 2870 | SH |  | SOLE |  | 0 | 0 | 2870 |
| CELESTICA INC | COM | 15101Q207 |  | 1443862 | 9249 | SH |  | SOLE |  | 0 | 0 | 9249 |
| CHEVRON CORP NEW | COM | 166764100 |  | 566882 | 3959 | SH |  | SOLE |  | 0 | 0 | 3959 |
| CHIMERA INVT CORP | COM SHS | 16934Q802 |  | 2911585 | 209920 | SH |  | SOLE |  | 0 | 0 | 209920 |
| CHOICE HOTELS INTL INC | COM | 169905106 |  | 291824 | 2300 | SH |  | DFND | 12 | 0 | 0 | 2300 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1108204 | 3162 | SH |  | SOLE |  | 0 | 0 | 3162 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 366880 | 4088 | SH |  | SOLE |  | 0 | 0 | 4088 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 997677 | 3091 | SH |  | SOLE |  | 0 | 0 | 3091 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 786877 | 795 | SH |  | SOLE |  | 0 | 0 | 795 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 398812 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1959949 | 54686 | SH |  | SOLE |  | 0 | 0 | 54686 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 204536 | 6964 | SH |  | SOLE |  | 0 | 0 | 6964 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 357733 | 4817 | SH |  | DFND | 12 | 0 | 0 | 4817 |
| EAGLE POINT CREDIT COMPANY I | COM | 269808101 |  | 1957146 | 255502 | SH |  | SOLE |  | 0 | 0 | 255502 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 348159 | 19203 | SH |  | SOLE |  | 0 | 0 | 19203 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 248820 | 8024 | SH |  | SOLE |  | 0 | 0 | 8024 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3125171 | 28990 | SH |  | SOLE |  | 0 | 0 | 28990 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4459 | 6 | SH |  | DFND | 23 | 0 | 0 | 6 |
| META PLATFORMS INC | CL A | 30303M102 |  | 297063 | 402 | SH |  | SOLE |  | 0 | 0 | 402 |
| FIDELITY COVINGTON TRUST | INT VL FCT ETF | 316092717 |  | 1654082 | 56376 | SH |  | SOLE |  | 0 | 0 | 56376 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 558215 | 12201 | SH |  | SOLE |  | 0 | 0 | 12201 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 545552 | 12205 | SH |  | SOLE |  | 0 | 0 | 12205 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 1541990 | 62505 | SH |  | SOLE |  | 0 | 0 | 62505 |
| GE VERNOVA INC | COM | 36828A101 |  | 1923439 | 3635 | SH |  | SOLE |  | 0 | 0 | 3635 |
| GLOBAL MED REIT INC | COM NEW | 37954A204 |  | 81357 | 11740 | SH |  | SOLE |  | 0 | 0 | 11740 |
| GODADDY INC | CL A | 380237107 |  | 551164 | 3061 | SH |  | DFND | 12 | 0 | 0 | 3061 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1382075 | 1953 | SH |  | SOLE |  | 0 | 0 | 1953 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 697778 | 5749 | SH |  | SOLE |  | 0 | 0 | 5749 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 1082 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 243771 | 1353 | SH |  | DFND | 12 | 0 | 0 | 1353 |
| IDEX CORP | COM | 45167R104 |  | 260195 | 1482 | SH |  | DFND | 12 | 0 | 0 | 1482 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3621422 | 6565 | SH |  | SOLE |  | 0 | 0 | 6565 |
| INTUIT | COM | 461202103 |  | 1599 | 2 | SH |  | DFND | 23 | 0 | 0 | 2 |
| INTUIT | COM | 461202103 |  | 267795 | 340 | SH |  | SOLE |  | 0 | 0 | 340 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 |  | 240969 | 1701 | SH |  | SOLE |  | 0 | 0 | 1701 |
| INVESCO EXCHANGE TRADED FD T | S EQL REL | 46137V290 |  | 799999 | 22838 | SH |  | SOLE |  | 0 | 0 | 22838 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 12479658 | 68668 | SH |  | SOLE |  | 0 | 0 | 68668 |
| INVESCO EXCHANGE TRADED FD T | S MDCP QUALITY | 46137V472 |  | 1076931 | 10962 | SH |  | SOLE |  | 0 | 0 | 10962 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 223105 | 10665 | SH |  | SOLE |  | 0 | 0 | 10665 |
| INVESCO EXCH TRADED FD TR II | S 500 REVENUE | 46138G698 |  | 12737674 | 122137 | SH |  | SOLE |  | 0 | 0 | 122137 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 3070295 | 49235 | SH |  | SOLE |  | 0 | 0 | 49235 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 4297703 | 36246 | SH |  | SOLE |  | 0 | 0 | 36246 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 653447 | 4839 | SH |  | SOLE |  | 0 | 0 | 4839 |
| ISHARES TR | CORE S ETF | 464287200 |  | 6328768 | 10193 | SH |  | SOLE |  | 0 | 0 | 10193 |
| ISHARES TR | CALL | 464287432 |  | 2118000 | 24000 | PRN | Call | SOLE |  | 0 | 0 | 24000 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 12772864 | 144735 | SH |  | SOLE |  | 0 | 0 | 144735 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 5453523 | 49804 | SH |  | SOLE |  | 0 | 0 | 49804 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 1119660 | 4691 | SH |  | SOLE |  | 0 | 0 | 4691 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 4898021 | 49157 | SH |  | SOLE |  | 0 | 0 | 49157 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2628547 | 12181 | SH |  | SOLE |  | 0 | 0 | 12181 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 8918908 | 51474 | SH |  | SOLE |  | 0 | 0 | 51474 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 4912149 | 34517 | SH |  | SOLE |  | 0 | 0 | 34517 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 2351804 | 19438 | SH |  | SOLE |  | 0 | 0 | 19438 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 569170 | 5448 | SH |  | SOLE |  | 0 | 0 | 5448 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 1184101 | 14682 | SH |  | SOLE |  | 0 | 0 | 14682 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1882865 | 61371 | SH |  | SOLE |  | 0 | 0 | 61371 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 19430744 | 103004 | SH |  | SOLE |  | 0 | 0 | 103004 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 1125886 | 22722 | SH |  | SOLE |  | 0 | 0 | 22722 |
| ISHARES TR | U.S. INSRNCE ETF | 464288786 |  | 5187675 | 38582 | SH |  | SOLE |  | 0 | 0 | 38582 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 4674535 | 27637 | SH |  | SOLE |  | 0 | 0 | 27637 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 234458 | 3743 | SH |  | SOLE |  | 0 | 0 | 3743 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 2355246 | 71784 | SH |  | SOLE |  | 0 | 0 | 71784 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 300300 | 6961 | SH |  | SOLE |  | 0 | 0 | 6961 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 538019 | 1856 | SH |  | SOLE |  | 0 | 0 | 1856 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 303611 | 1187 | SH |  | DFND | 12 | 0 | 0 | 1187 |
| KKR  CO INC | COM | 48251W104 |  | 454963 | 3420 | SH |  | SOLE |  | 0 | 0 | 3420 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 7972275 | 626751 | SH |  | SOLE |  | 0 | 0 | 626751 |
| KEMPER CORP | COM | 488401100 |  | 238798 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| KIRBY CORP | COM | 497266106 |  | 294186 | 2594 | SH |  | DFND | 12 | 0 | 0 | 2594 |
| LKQ CORP | COM | 501889208 |  | 337753 | 9126 | SH |  | DFND | 12 | 0 | 0 | 9126 |
| LENNOX INTL INC | COM | 526107107 |  | 414453 | 723 | SH |  | DFND | 12 | 0 | 0 | 723 |
| ELI LILLY  CO | COM | 532457108 |  | 370299 | 475 | SH |  | SOLE |  | 0 | 0 | 475 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 264610 | 1340 | SH |  | DFND | 12 | 0 | 0 | 1340 |
| MARKEL GROUP INC | COM | 570535104 |  | 537290 | 269 | SH |  | DFND | 12 | 0 | 0 | 269 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 340212 | 605 | SH |  | SOLE |  | 0 | 0 | 605 |
| MICROSOFT CORP | COM | 594918104 |  | 3337 | 7 | SH |  | DFND | 23 | 0 | 0 | 7 |
| MICROSOFT CORP | COM | 594918104 |  | 1951148 | 3923 | SH |  | SOLE |  | 0 | 0 | 3923 |
| MORNINGSTAR INC | COM | 617700109 |  | 467442 | 1489 | SH |  | DFND | 12 | 0 | 0 | 1489 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 250673 | 1561 | SH |  | SOLE |  | 0 | 0 | 1561 |
| NORDSON CORP | COM | 655663102 |  | 20366 | 95 | SH |  | SOLE |  | 0 | 0 | 95 |
| NORDSON CORP | COM | 655663102 |  | 206224 | 962 | SH |  | DFND | 12 | 0 | 0 | 962 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6284 | 40 | SH |  | DFND | 23 | 0 | 0 | 40 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1618803 | 10246 | SH |  | SOLE |  | 0 | 0 | 10246 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 1185321 | 29963 | SH |  | SOLE |  | 0 | 0 | 29963 |
| ONE GAS INC | COM | 68235P108 |  | 1074086 | 14947 | SH |  | SOLE |  | 0 | 0 | 14947 |
| ONEOK INC NEW | COM | 682680103 |  | 7186668 | 88040 | SH |  | SOLE |  | 0 | 0 | 88040 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 273 | 2 | SH |  | DFND | 23 | 0 | 0 | 2 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1724508 | 12650 | SH |  | SOLE |  | 0 | 0 | 12650 |
| PEPSICO INC | COM | 713448108 |  | 2706937 | 20501 | SH |  | SOLE |  | 0 | 0 | 20501 |
| PHILLIPS 66 | COM | 718546104 |  | 254439 | 2133 | SH |  | SOLE |  | 0 | 0 | 2133 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 332719 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 214744 | 2198 | SH |  | SOLE |  | 0 | 0 | 2198 |
| RPM INTL INC | COM | 749685103 |  | 363022 | 3305 | SH |  | DFND | 12 | 0 | 0 | 3305 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 957950 | 6246 | SH |  | SOLE |  | 0 | 0 | 6246 |
| RTX CORPORATION | COM | 75513E101 |  | 1135 | 8 | SH |  | DFND | 23 | 0 | 0 | 8 |
| RTX CORPORATION | COM | 75513E101 |  | 2126419 | 14563 | SH |  | SOLE |  | 0 | 0 | 14563 |
| SEI INVTS CO | COM | 784117103 |  | 436271 | 4855 | SH |  | DFND | 12 | 0 | 0 | 4855 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1103289 | 3619 | SH |  | SOLE |  | 0 | 0 | 3619 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 1638575 | 38338 | SH |  | SOLE |  | 0 | 0 | 38338 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 229114 | 7589 | SH |  | SOLE |  | 0 | 0 | 7589 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 1481724 | 10917 | SH |  | SOLE |  | 0 | 0 | 10917 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 2416213 | 58096 | SH |  | SOLE |  | 0 | 0 | 58096 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 458496 | 18760 | SH |  | SOLE |  | 0 | 0 | 18760 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 9749295 | 44859 | SH |  | SOLE |  | 0 | 0 | 44859 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 246645 | 2908 | SH |  | SOLE |  | 0 | 0 | 2908 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 9196242 | 175601 | SH |  | SOLE |  | 0 | 0 | 175601 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 609250 | 2406 | SH |  | SOLE |  | 0 | 0 | 2406 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 4468318 | 54719 | SH |  | SOLE |  | 0 | 0 | 54719 |
| SERVICE CORP INTL | COM | 817565104 |  | 136427 | 1676 | SH |  | DFND | 12 | 0 | 0 | 1676 |
| SERVICE CORP INTL | COM | 817565104 |  | 280933 | 3451 | SH |  | SOLE |  | 0 | 0 | 3451 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 19600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| STONEX GROUP INC | COM | 861896108 |  | 419700 | 4605 | SH |  | SOLE |  | 0 | 0 | 4605 |
| STRATEGY SHS | NS 7HANDL IDX | 86280R506 |  | 663610 | 30638 | SH |  | SOLE |  | 0 | 0 | 30638 |
| TESLA INC | COM | 88160R101 |  | 953 | 3 | SH |  | DFND | 23 | 0 | 0 | 3 |
| TESLA INC | COM | 88160R101 |  | 2176843 | 6853 | SH |  | SOLE |  | 0 | 0 | 6853 |
| 3M CO | COM | 88579Y101 |  | 958021 | 6293 | SH |  | SOLE |  | 0 | 0 | 6293 |
| TRANSUNION | COM | 89400J107 |  | 319077 | 3626 | SH |  | DFND | h | 0 | 0 | 3626 |
| TRIMBLE INC | COM | 896239100 |  | 578056 | 7608 | SH |  | DFND | 12 | 0 | 0 | 7608 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 207494 | 350 | SH |  | DFND | 12 | 0 | 0 | 350 |
| UNION PAC CORP | COM | 907818108 |  | 967 | 4 | SH |  | DFND | 23 | 0 | 0 | 4 |
| UNION PAC CORP | COM | 907818108 |  | 283565 | 1232 | SH |  | SOLE |  | 0 | 0 | 1232 |
| UNITED RENTALS INC | COM | 911363109 |  | 770953 | 1023 | SH |  | SOLE |  | 0 | 0 | 1023 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 1010625 | 15625 | SH |  | SOLE |  | 0 | 0 | 15625 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1090641 | 14102 | SH |  | SOLE |  | 0 | 0 | 14102 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1961888 | 24929 | SH |  | SOLE |  | 0 | 0 | 24929 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 17472948 | 62388 | SH |  | SOLE |  | 0 | 0 | 62388 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 1187091 | 1790 | SH |  | SOLE |  | 0 | 0 | 1790 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 8529339 | 97791 | SH |  | SOLE |  | 0 | 0 | 97791 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 534135 | 940 | SH |  | SOLE |  | 0 | 0 | 940 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 483958 | 5434 | SH |  | SOLE |  | 0 | 0 | 5434 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 629590 | 3228 | SH |  | SOLE |  | 0 | 0 | 3228 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 268407 | 612 | SH |  | SOLE |  | 0 | 0 | 612 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 5732554 | 24190 | SH |  | SOLE |  | 0 | 0 | 24190 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 289841 | 954 | SH |  | SOLE |  | 0 | 0 | 954 |
| VISA INC | COM CL A | 92826C839 |  | 2992 | 8 | SH |  | DFND | 23 | 0 | 0 | 8 |
| VISA INC | COM CL A | 92826C839 |  | 340157 | 958 | SH |  | SOLE |  | 0 | 0 | 958 |
| VISTRA CORP | COM | 92840M102 |  | 1181079 | 6094 | SH |  | SOLE |  | 0 | 0 | 6094 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 331945 | 8577 | SH |  | SOLE |  | 0 | 0 | 8577 |
| WEX INC | COM | 96208T104 |  | 297600 | 2026 | SH |  | DFND | 12 | 0 | 0 | 2026 |
| WILLIAMS COS INC | COM | 969457100 |  | 2785114 | 44342 | SH |  | SOLE |  | 0 | 0 | 44342 |
| YUM BRANDS INC | COM | 988498101 |  | 3680969 | 24841 | SH |  | SOLE |  | 0 | 0 | 24841 |
| EATON CORP PLC | SHS | G29183103 |  | 1382 | 4 | SH |  | DFND | 23 | 0 | 0 | 4 |
| EATON CORP PLC | SHS | G29183103 |  | 284176 | 796 | SH |  | SOLE |  | 0 | 0 | 796 |

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