# EDGAR Filing Document

**Accession Number:** 0001569765
**File Stem:** 0001569765-26-000001
**Filing Date:** 2026-1
**Character Count:** 24938
**Document Hash:** f2bf629f8bd694b619d0723fcfc24580
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569765-26-000001.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0001569765-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260122

**DATE AS OF CHANGE**: 20260122

**EFFECTIVENESS DATE**: 20260122

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paragon Capital Management Ltd
- **CENTRAL INDEX KEY:** 0001569765

**ORGANIZATION NAME:**
- **EIN:** 841137703
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15316
- **FILM NUMBER:** 26550476

**BUSINESS ADDRESS:**
- **STREET 1:** 999 18TH STREET
- **STREET 2:** SUITE 1401
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-293-3680

**MAIL ADDRESS:**
- **STREET 1:** 999 18TH STREET
- **STREET 2:** SUITE 1401
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

### 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:** Paragon Capital Management Ltd<br>**Address:** 999 18TH STREET<br>SUITE 1401<br>DENVER, CO 80202

**Form 13F File Number:** 028-15316

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:** Brian Goodstadt<br>**Title:** Managing Partner<br>**Phone:** 303 296-1458

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

/s/Brian Goodstadt  Denver, CO  01-20-2026<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:** 195

**Form 13F Information Table Value Total:** $502402766

      (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 |
| AB ACTIVE ETFS INC | CALIFORNIA INTER | 00039J772 | BBG01XHF5LV8 | 279759 | 11148 | SH |  | SOLE |  | 11148 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 671614 | 5360 | SH |  | SOLE |  | 5360 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1524647 | 6672 | SH |  | SOLE |  | 6672 | 0 | 0 |
| ABRDN EMERGING MARKETS EX CH | COM | 00301W105 | BBG001S5QCR1 | 106508 | 15215 | SH |  | SOLE |  | 15215 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 | BBG00Y7BP8Z0 | 801611 | 10770 | SH |  | SOLE |  | 10770 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 223834 | 20880 | SH |  | SOLE |  | 20880 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 | BBG001Y2XS16 | 49324855 | 363431 | SH |  | SOLE |  | 363431 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 383425 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 604979 | 2621 | SH |  | SOLE |  | 2621 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 2486594 | 24383 | SH |  | SOLE |  | 24383 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 397326 | 1074 | SH |  | SOLE |  | 1074 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 857552 | 2620 | SH |  | SOLE |  | 2620 | 0 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 | BBG001S64YF8 | 440738 | 11163 | SH |  | SOLE |  | 11163 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 | BBG001S8J4S0 | 238275 | 10656 | SH |  | SOLE |  | 10656 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3730606 | 13722 | SH |  | SOLE |  | 13722 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 264517 | 1029 | SH |  | SOLE |  | 1029 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | BBG001S5ND74 | 267595 | 4654 | SH |  | SOLE |  | 4654 | 0 | 0 |
| ASANA INC | CL A | 04342Y104 | BBG00WYHL741 | 1290824 | 94152 | SH |  | SOLE |  | 94152 | 0 | 0 |
| ASSOCIATED BANC CORP | COM | 045487105 | BBG001S5NVZ3 | 238883 | 9273 | SH |  | SOLE |  | 9273 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 | BBG001S9YRV6 | 260860 | 2197 | SH |  | SOLE |  | 2197 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 | BBG001SGW5F8 | 208076 | 1943 | SH |  | SOLE |  | 1943 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG001SMRQL8 | 219657 | 4773 | SH |  | SOLE |  | 4773 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 292987 | 6502 | SH |  | SOLE |  | 6502 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 222741 | 4129 | SH |  | SOLE |  | 4129 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 651874 | 1883 | SH |  | SOLE |  | 1883 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 | BBG01RJ2TXY3 | 517742 | 11404 | SH |  | SOLE |  | 11404 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 | BBG01RJ2Q8X2 | 1239897 | 32339 | SH |  | SOLE |  | 32339 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 | BBG01JZ8VLC7 | 212086 | 2380 | SH |  | SOLE |  | 2380 | 0 | 0 |
| CADENCE BANK | COM | 12740C103 | BBG001SHFG98 | 277925 | 6487 | SH |  | SOLE |  | 6487 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | BBG00Y04KQ51 | 224991 | 5032 | SH |  | SOLE |  | 5032 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 208012 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 205153 | 607 | SH |  | SOLE |  | 607 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 | BBG001T2PJV8 | 271955 | 16073 | SH |  | SOLE |  | 16073 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 693515 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 761102 | 9880 | SH |  | SOLE |  | 9880 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 303479 | 5195 | SH |  | SOLE |  | 5195 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 522778 | 7477 | SH |  | SOLE |  | 7477 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | BBG00ZGF7799 | 26975336 | 119286 | SH |  | SOLE |  | 119286 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 322086 | 4076 | SH |  | SOLE |  | 4076 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 242528 | 8677 | SH |  | SOLE |  | 8677 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 504454 | 16877 | SH |  | SOLE |  | 16877 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 | BBG001SKXLQ1 | 237722 | 1971 | SH |  | SOLE |  | 1971 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 | BBG016HJ8836 | 210149 | 6965 | SH |  | SOLE |  | 6965 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 | BBG001S8L8P1 | 281260 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG001SPT759 | 314839 | 4536 | SH |  | SOLE |  | 4536 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 544029 | 14852 | SH |  | SOLE |  | 14852 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 | BBG00ZGF6TM7 | 14813357 | 307842 | SH |  | SOLE |  | 307842 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 377240 | 3315 | SH |  | SOLE |  | 3315 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG001SL3ZH1 | 648989 | 1557 | SH |  | SOLE |  | 1557 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 | BBG005D7QCK1 | 994247 | 4390 | SH |  | SOLE |  | 4390 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 | BBG001S7JNP3 | 203650 | 3190 | SH |  | SOLE |  | 3190 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1535063 | 1428 | SH |  | SOLE |  | 1428 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 1133259 | 68724 | SH |  | SOLE |  | 68724 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 480900 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 403488 | 3352 | SH |  | SOLE |  | 3352 | 0 | 0 |
| F N B CORP | COM | 302520101 | BBG001S5R1Q5 | 255702 | 14953 | SH |  | SOLE |  | 14953 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 | BBG001S6TGK4 | 244876 | 4702 | SH |  | SOLE |  | 4702 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 247082 | 855 | SH |  | SOLE |  | 855 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 241512 | 5159 | SH |  | SOLE |  | 5159 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST UQ EQT | 33740U505 | BBG00YGC7V96 | 229350 | 4481 | SH |  | SOLE |  | 4481 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 214944 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 | BBG001S5P3W6 | 258274 | 10810 | SH |  | SOLE |  | 10810 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 | BBG00J3MDYR8 | 7710429 | 223815 | SH |  | SOLE |  | 223815 | 0 | 0 |
| FULTON FINL CORP PA | COM | 360271100 | BBG001S5RF02 | 220399 | 11401 | SH |  | SOLE |  | 11401 | 0 | 0 |
| GAP INC | COM | 364760108 | BBG001S5RNN0 | 251531 | 9825 | SH |  | SOLE |  | 9825 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 227419 | 738 | SH |  | SOLE |  | 738 | 0 | 0 |
| GMO ETF TRUST | GMO US QUALITY E | 90139K100 | BBG01K0RTLB4 | 14965717 | 389124 | SH |  | SOLE |  | 389124 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 | BBG001S5RS59 | 249553 | 8830 | SH |  | SOLE |  | 8830 | 0 | 0 |
| HARROW INC | COM | 415858109 | BBG001SSTRN9 | 236817 | 4833 | SH |  | SOLE |  | 4833 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | BBG0078W3NP4 | 375741 | 15642 | SH |  | SOLE |  | 15642 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 256964 | 746 | SH |  | SOLE |  | 746 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 776263 | 3979 | SH |  | SOLE |  | 3979 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 | BBG001S5RY83 | 235685 | 13293 | SH |  | SOLE |  | 13293 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 242400 | 13971 | SH |  | SOLE |  | 13971 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 492600 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 1364914 | 4607 | SH |  | SOLE |  | 4607 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 | BBG001SS8729 | 333362 | 5086 | SH |  | SOLE |  | 5086 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI EMRGNG MRKT | 46138E727 | BBG001SSJYS0 | 337672 | 13083 | SH |  | SOLE |  | 13083 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S 500 ENHNCD | 46138E396 | BBG00B59HND7 | 672876 | 11785 | SH |  | SOLE |  | 11785 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 322810 | 6880 | SH |  | SOLE |  | 6880 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 272345 | 1421 | SH |  | SOLE |  | 1421 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S PUR VAL | 46137V258 | BBG00KJR2X19 | 327301 | 3166 | SH |  | SOLE |  | 3166 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 | BBG001SDTVQ0 | 54953980 | 732231 | SH |  | SOLE |  | 732231 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 | BBG001SPPQG9 | 349625 | 4965 | SH |  | SOLE |  | 4965 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 | BBG001S9RD81 | 382637 | 14565 | SH |  | SOLE |  | 14565 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 231909 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 | BBG001S8SYN9 | 2128747 | 26365 | SH |  | SOLE |  | 26365 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 | BBG001SSD812 | 1932150 | 16188 | SH |  | SOLE |  | 16188 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 1526855 | 17067 | SH |  | SOLE |  | 17067 | 0 | 0 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 | BBG00KK87757 | 464383 | 10099 | SH |  | SOLE |  | 10099 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 | BBG001S7XDQ8 | 325441 | 19807 | SH |  | SOLE |  | 19807 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 | BBG001SSD849 | 349417 | 6485 | SH |  | SOLE |  | 6485 | 0 | 0 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 | BBG001SBRHJ5 | 398889 | 3834 | SH |  | SOLE |  | 3834 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 6281770 | 65414 | SH |  | SOLE |  | 65414 | 0 | 0 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 27678101 | 608979 | SH |  | SOLE |  | 608979 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 884321 | 4204 | SH |  | SOLE |  | 4204 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 | BBG001S56277 | 432829 | 2388 | SH |  | SOLE |  | 2388 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 | BBG001SFQL44 | 269192 | 1907 | SH |  | SOLE |  | 1907 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 274775 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 | BBG001SFB7Z7 | 239616 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 | BBG00922Y611 | 272392 | 2554 | SH |  | SOLE |  | 2554 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 | BBG00GSNPMQ9 | 278183 | 5847 | SH |  | SOLE |  | 5847 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 616055 | 2976 | SH |  | SOLE |  | 2976 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 951948 | 2954 | SH |  | SOLE |  | 2954 | 0 | 0 |
| KEYCORP | COM | 493267108 | BBG001S5SKV6 | 273738 | 13262 | SH |  | SOLE |  | 13262 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 | BBG001S9BHB5 | 242419 | 6487 | SH |  | SOLE |  | 6487 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 366954 | 302 | SH |  | SOLE |  | 302 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 | BBG001T60092 | 259132 | 2261 | SH |  | SOLE |  | 2261 | 0 | 0 |
| LEVI STRAUSS  CO NEW | CL A COM STK | 52736R102 | BBG001S9NVN8 | 276020 | 13308 | SH |  | SOLE |  | 13308 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 | BBG001S5STV7 | 271101 | 6088 | SH |  | SOLE |  | 6088 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 | BBG004M9ZHY4 | 5496083 | 283742 | SH |  | SOLE |  | 283742 | 0 | 0 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 374559 | 16986 | SH |  | SOLE |  | 16986 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 | BBG00KG5VJG3 | 573045 | 12740 | SH |  | SOLE |  | 12740 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 250411 | 807 | SH |  | SOLE |  | 807 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 | BBG001T3L5S4 | 200057 | 4713 | SH |  | SOLE |  | 4713 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 511427 | 1673 | SH |  | SOLE |  | 1673 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 509175 | 4837 | SH |  | SOLE |  | 4837 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 247953 | 3141 | SH |  | SOLE |  | 3141 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 27467287 | 56795 | SH |  | SOLE |  | 56795 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 | BBG001S5VQ21 | 531186 | 11379 | SH |  | SOLE |  | 11379 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 | BBG001S5TG80 | 273250 | 8744 | SH |  | SOLE |  | 8744 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 | BBG018KBK3H7 | 265258 | 9393 | SH |  | SOLE |  | 9393 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 489240 | 858 | SH |  | SOLE |  | 858 | 0 | 0 |
| NOV INC | COM | 62955J103 | BBG001S6HFR2 | 237390 | 15188 | SH |  | SOLE |  | 15188 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 845708 | 4534 | SH |  | SOLE |  | 4534 | 0 | 0 |
| OKTA INC | CL A | 679295105 | BBG001YV1SN3 | 10739574 | 124200 | SH |  | SOLE |  | 124200 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 | BBG001S5VR10 | 221820 | 2747 | SH |  | SOLE |  | 2747 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1434029 | 7357 | SH |  | SOLE |  | 7357 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 | BBG001S6SX46 | 260344 | 2072 | SH |  | SOLE |  | 2072 | 0 | 0 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 | BBG00FJQN752 | 25476030 | 423400 | SH |  | SOLE |  | 423400 | 0 | 0 |
| PAGERDUTY INC | COM | 69553P100 | BBG0043BYPD6 | 235416 | 17957 | SH |  | SOLE |  | 17957 | 0 | 0 |
| PATHWARD FINANCIAL INC | COM | 59100U108 | BBG001S7G4Q7 | 10282397 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 241857 | 1685 | SH |  | SOLE |  | 1685 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | BBG00D61Y2G3 | 235315 | 16772 | SH |  | SOLE |  | 16772 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 628829 | 25254 | SH |  | SOLE |  | 25254 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 | BBG002583CW7 | 12476546 | 481906 | SH |  | SOLE |  | 481906 | 0 | 0 |
| POET TECHNOLOGIES INC | COM NEW | 73044W302 | BBG001STSZP8 | 2948008 | 465720 | SH |  | SOLE |  | 465720 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 | BBG001S5PC01 | 256636 | 2061 | SH |  | SOLE |  | 2061 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 216961 | 2459 | SH |  | SOLE |  | 2459 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 1240921 | 8659 | SH |  | SOLE |  | 8659 | 0 | 0 |
| PROSHARES TR | DJ BRKFLD GLB | 74347B508 | BBG0067M9YH8 | 390963 | 7220 | SH |  | SOLE |  | 7220 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 | BBG005D266P2 | 2770548 | 26621 | SH |  | SOLE |  | 26621 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 210790 | 1867 | SH |  | SOLE |  | 1867 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 | BBG001SBQWW8 | 229606 | 2232 | SH |  | SOLE |  | 2232 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 | BBG015RGX648 | 711218 | 3094 | SH |  | SOLE |  | 3094 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 256470 | 9463 | SH |  | SOLE |  | 9463 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 211137 | 1037 | SH |  | SOLE |  | 1037 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | BBG001S6T1Z1 | 204440 | 727 | SH |  | SOLE |  | 727 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | BBG008NMBXP6 | 1032490 | 9129 | SH |  | SOLE |  | 9129 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 | BBG001V1Y6Z1 | 1506186 | 18588 | SH |  | SOLE |  | 18588 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 278018 | 532 | SH |  | SOLE |  | 532 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 13812142 | 52139 | SH |  | SOLE |  | 52139 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 | BBG0099PW5Q0 | 2956140 | 83389 | SH |  | SOLE |  | 83389 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 | BBG0051QD594 | 285922 | 6418 | SH |  | SOLE |  | 6418 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 | BBG0051J0PJ9 | 351608 | 12922 | SH |  | SOLE |  | 12922 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 | BBG0051NXNX3 | 283748 | 9005 | SH |  | SOLE |  | 9005 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 275955 | 11479 | SH |  | SOLE |  | 11479 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 274148 | 9626 | SH |  | SOLE |  | 9626 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 | BBG001S7T1S7 | 207586 | 4642 | SH |  | SOLE |  | 4642 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 | BBG001S7SCQ6 | 277247 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 | BBG001S5W4C8 | 200514 | 5224 | SH |  | SOLE |  | 5224 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 659460 | 1664 | SH |  | SOLE |  | 1664 | 0 | 0 |
| SPDR INDEX SHS FDS | S GBLINF ETF | 78463X855 | BBG001SRXRM7 | 339717 | 4869 | SH |  | SOLE |  | 4869 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 8699286 | 12757 | SH |  | SOLE |  | 12757 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 1025576 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A300 | BBG001SG3JV2 | 3282650 | 36084 | SH |  | SOLE |  | 36084 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 | BBG0084H8485 | 561949 | 13961 | SH |  | SOLE |  | 13961 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 228391 | 3074 | SH |  | SOLE |  | 3074 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 | BBG001S5S3G1 | 229993 | 4595 | SH |  | SOLE |  | 4595 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 1302845 | 7509 | SH |  | SOLE |  | 7509 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 | BBG001S5WT15 | 249088 | 1842 | SH |  | SOLE |  | 1842 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 249890 | 5078 | SH |  | SOLE |  | 5078 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 257114 | 22013 | SH |  | SOLE |  | 22013 | 0 | 0 |
| VANGUARD CALIF TAX FREE FDS | TAX EXEMPT BD FD | 922021605 | BBG01L82WF19 | 210892 | 2103 | SH |  | SOLE |  | 2103 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 | BBG001SRN7W1 | 2118096 | 11941 | SH |  | SOLE |  | 11941 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 394068 | 628 | SH |  | SOLE |  | 628 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 1765337 | 8335 | SH |  | SOLE |  | 8335 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 485783 | 1448 | SH |  | SOLE |  | 1448 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 6734457 | 35260 | SH |  | SOLE |  | 35260 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 | BBG001T0SKD6 | 1240951 | 8658 | SH |  | SOLE |  | 8658 | 0 | 0 |
| VANGUARD MUN BD FDS | INTERMEDIATE TRM | 922907738 | BBG01L82CC36 | 1770791 | 17562 | SH |  | SOLE |  | 17562 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 2683935 | 53369 | SH |  | SOLE |  | 53369 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 67845000 | 308695 | SH |  | SOLE |  | 308695 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 1038574 | 16625 | SH |  | SOLE |  | 16625 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 | BBG00C863MQ1 | 334133 | 3653 | SH |  | SOLE |  | 3653 | 0 | 0 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 | BBG00M0P2VR5 | 1952430 | 27260 | SH |  | SOLE |  | 27260 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 | BBG00M0P2SP4 | 5411731 | 44739 | SH |  | SOLE |  | 44739 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 283163 | 22744 | SH |  | SOLE |  | 22744 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG001S6QQP0 | 245464 | 3295 | SH |  | SOLE |  | 3295 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1360428 | 12211 | SH |  | SOLE |  | 12211 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 | BBG001S5XCP5 | 264994 | 4210 | SH |  | SOLE |  | 4210 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 303459 | 3256 | SH |  | SOLE |  | 3256 | 0 | 0 |
| XP INC | CL A | G98239109 | BBG00QVJYHP4 | 220569 | 13474 | SH |  | SOLE |  | 13474 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 379562 | 2509 | SH |  | SOLE |  | 2509 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 | BBG001S5XN80 | 250717 | 4282 | SH |  | SOLE |  | 4282 | 0 | 0 |

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