# EDGAR Filing Document

**Accession Number:** 0001775210
**File Stem:** 0001775210-26-000002
**Filing Date:** 2026-1
**Character Count:** 30981
**Document Hash:** 057ec451be7b6cbe9b5b1f873e9a0fa5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001775210-26-000002.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001775210-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**EFFECTIVENESS DATE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Waterfront Wealth Inc.
- **CENTRAL INDEX KEY:** 0001775210

**ORGANIZATION NAME:**
- **EIN:** 454998452
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20796
- **FILM NUMBER:** 26564379

**BUSINESS ADDRESS:**
- **STREET 1:** 6711 W 121ST STREET
- **STREET 2:** SUITE 200
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66209
- **BUSINESS PHONE:** 9139515800

**MAIL ADDRESS:**
- **STREET 1:** 6711 W 121ST STREET
- **STREET 2:** SUITE 200
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66209

### 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:** Waterfront Wealth Inc.<br>**Address:** 6711 W 121ST STREET<br>SUITE 200<br>OVERLAND PARK, KS 66209

**Form 13F File Number:** 028-20796

**CRD Number (if applicable):** 000173220

**SEC File Number (if applicable):** 801-110161

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:** Roger Ratzlaff<br>**Title:** Chief Compliance Officer<br>**Phone:** 913-981-5800

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

/s/Roger Ratzlaff  Overland Park, KS  01-27-2026<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:** 273

**Form 13F Information Table Value Total:** $526317889

      (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 |
| 3M CO | COM | 88579Y101 |  | 1444617 | 8924 | SH |  | SOLE |  | 0 | 0 | 8924 |
| ABBVIE INC | COM | 00287Y109 |  | 2214007 | 10024 | SH |  | SOLE |  | 0 | 0 | 10024 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 |  | 3893557 | 387671 | SH |  | SOLE |  | 0 | 0 | 387671 |
| ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 |  | 8972584 | 385316 | SH |  | SOLE |  | 0 | 0 | 385316 |
| ADOBE INC | COM | 00724F101 |  | 1174203 | 3875 | SH |  | SOLE |  | 0 | 0 | 3875 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3236499 | 12772 | SH |  | SOLE |  | 0 | 0 | 12772 |
| ADVANSIX INC | COM | 00773T101 |  | 1141224 | 67250 | SH |  | SOLE |  | 0 | 0 | 67250 |
| AFLAC INC | COM | 001055102 |  | 366747 | 3380 | SH |  | SOLE |  | 0 | 0 | 3380 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 205934 | 1515 | SH |  | SOLE |  | 0 | 0 | 1515 |
| AGNC INVT CORP | COM | 00123Q104 |  | 2100469 | 177180 | SH |  | SOLE |  | 0 | 0 | 177180 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1324125 | 7812 | SH |  | SOLE |  | 0 | 0 | 7812 |
| ALLY FINL INC | COM | 02005N100 |  | 2034794 | 48784 | SH |  | SOLE |  | 0 | 0 | 48784 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9850703 | 29991 | SH |  | SOLE |  | 0 | 0 | 29991 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1779890 | 5410 | SH |  | SOLE |  | 0 | 0 | 5410 |
| AMARIN CORP PLC | SPONSORED ADR | 023111404 |  | 2265673 | 142540 | SH |  | SOLE |  | 0 | 0 | 142540 |
| AMAZON COM INC | COM | 023135106 |  | 4797090 | 20189 | SH |  | SOLE |  | 0 | 0 | 20189 |
| AMEREN CORP | COM | 023608102 |  | 751297 | 7254 | SH |  | SOLE |  | 0 | 0 | 7254 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 4904067 | 59032 | SH |  | SOLE |  | 0 | 0 | 59032 |
| AMERICAN CENTY ETF TR | AVANTIS US LARG | 025072158 |  | 3264860 | 40335 | SH |  | SOLE |  | 0 | 0 | 40335 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 5312107 | 60772 | SH |  | SOLE |  | 0 | 0 | 60772 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 4003108 | 38897 | SH |  | SOLE |  | 0 | 0 | 38897 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 1708729 | 14816 | SH |  | SOLE |  | 0 | 0 | 14816 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 242149 | 3034 | SH |  | SOLE |  | 0 | 0 | 3034 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 10394809 | 95620 | SH |  | SOLE |  | 0 | 0 | 95620 |
| ANTERIX INC | COM | 03676C100 |  | 1150053 | 48627 | SH |  | SOLE |  | 0 | 0 | 48627 |
| AON PLC | SHS CL A | G0403H108 |  | 1271526 | 3755 | SH |  | SOLE |  | 0 | 0 | 3755 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1025777 | 7643 | SH |  | SOLE |  | 0 | 0 | 7643 |
| APPLE INC | COM | 037833100 |  | 12665827 | 50140 | SH |  | SOLE |  | 0 | 0 | 50140 |
| APPLIED MATLS INC | COM | 038222105 |  | 213471 | 669 | SH |  | SOLE |  | 0 | 0 | 669 |
| AT INC | COM | 00206R102 |  | 411326 | 17442 | SH |  | SOLE |  | 0 | 0 | 17442 |
| AUTODESK INC | COM | 052769106 |  | 1124075 | 4135 | SH |  | SOLE |  | 0 | 0 | 4135 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 3697778 | 23417 | SH |  | SOLE |  | 0 | 0 | 23417 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 477038 | 37666 | SH |  | SOLE |  | 0 | 0 | 37666 |
| BANK AMERICA CORP | COM | 060505104 |  | 958244 | 18338 | SH |  | SOLE |  | 0 | 0 | 18338 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 1444428 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 14746085 | 30653 | SH |  | SOLE |  | 0 | 0 | 30653 |
| BIOGEN INC | COM | 09062X103 |  | 474440 | 2769 | SH |  | SOLE |  | 0 | 0 | 2769 |
| BLACKROCK CR ALLOCATION INCO | COM | 092508100 |  | 1182913 | 111912 | SH |  | SOLE |  | 0 | 0 | 111912 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 |  | 7385729 | 778390 | SH |  | SOLE |  | 0 | 0 | 778390 |
| BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 |  | 13516065 | 2251176 | SH |  | SOLE |  | 0 | 0 | 2251176 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 905252 | 17067 | SH |  | SOLE |  | 0 | 0 | 17067 |
| BLACKROCK HEALTH SCIENCES TR | COM | 09250W107 |  | 223133 | 5275 | SH |  | SOLE |  | 0 | 0 | 5275 |
| BLACKROCK INC | COM | 09290D101 |  | 1750252 | 1546 | SH |  | SOLE |  | 0 | 0 | 1546 |
| BLACKROCK LTD DURATION INCOM | COM SHS | 09249W101 |  | 279558 | 20295 | SH |  | SOLE |  | 0 | 0 | 20295 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 |  | 2293013 | 101274 | SH |  | SOLE |  | 0 | 0 | 101274 |
| BLACKSTONE INC | COM | 09260D107 |  | 1768258 | 11750 | SH |  | SOLE |  | 0 | 0 | 11750 |
| BOEING CO | COM | 097023105 |  | 314677 | 1266 | SH |  | SOLE |  | 0 | 0 | 1266 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 2254738 | 35055 | SH |  | SOLE |  | 0 | 0 | 35055 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1749242 | 31745 | SH |  | SOLE |  | 0 | 0 | 31745 |
| BROADCOM INC | COM | 11135F101 |  | 540980 | 1654 | SH |  | SOLE |  | 0 | 0 | 1654 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 946062 | 18478 | SH |  | SOLE |  | 0 | 0 | 18478 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 5226639 | 111181 | SH |  | SOLE |  | 0 | 0 | 111181 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 303686 | 10637 | SH |  | SOLE |  | 0 | 0 | 10637 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 2107034 | 18645 | SH |  | SOLE |  | 0 | 0 | 18645 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 1044928 | 28929 | SH |  | SOLE |  | 0 | 0 | 28929 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1624558 | 22425 | SH |  | SOLE |  | 0 | 0 | 22425 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 1821564 | 82836 | SH |  | SOLE |  | 0 | 0 | 82836 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 780153 | 28077 | SH |  | SOLE |  | 0 | 0 | 28077 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 1594013 | 26063 | SH |  | SOLE |  | 0 | 0 | 26063 |
| CBRE GROUP INC | CL A | 12504L109 |  | 591793 | 3475 | SH |  | SOLE |  | 0 | 0 | 3475 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 310760 | 1486 | SH |  | SOLE |  | 0 | 0 | 1486 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1924354 | 11458 | SH |  | SOLE |  | 0 | 0 | 11458 |
| CISCO SYS INC | COM | 17275R102 |  | 2616037 | 34003 | SH |  | SOLE |  | 0 | 0 | 34003 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1444574 | 12559 | SH |  | SOLE |  | 0 | 0 | 12559 |
| COCA COLA CO | COM | 191216100 |  | 217766 | 2938 | SH |  | SOLE |  | 0 | 0 | 2938 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 216946 | 2514 | SH |  | SOLE |  | 0 | 0 | 2514 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 7433107 | 140290 | SH |  | SOLE |  | 0 | 0 | 140290 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 241640 | 2438 | SH |  | SOLE |  | 0 | 0 | 2438 |
| CORNING INC | COM | 219350105 |  | 327880 | 3455 | SH |  | SOLE |  | 0 | 0 | 3455 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 316633 | 322 | SH |  | SOLE |  | 0 | 0 | 322 |
| COURSERA INC | COM | 22266M104 |  | 1173697 | 183965 | SH |  | SOLE |  | 0 | 0 | 183965 |
| CRITEO S A | SPONS ADS | 226718104 |  | 2868210 | 141766 | SH |  | SOLE |  | 0 | 0 | 141766 |
| CROWN CASTLE INC | COM | 22822V101 |  | 680803 | 7790 | SH |  | SOLE |  | 0 | 0 | 7790 |
| CUMMINS INC | COM | 231021106 |  | 575474 | 1009 | SH |  | SOLE |  | 0 | 0 | 1009 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 1434797 | 54555 | SH |  | SOLE |  | 0 | 0 | 54555 |
| DEERE  CO | COM | 244199105 |  | 312664 | 607 | SH |  | SOLE |  | 0 | 0 | 607 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 349974 | 8862 | SH |  | SOLE |  | 0 | 0 | 8862 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 3585728 | 100751 | SH |  | SOLE |  | 0 | 0 | 100751 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 3246072 | 92547 | SH |  | SOLE |  | 0 | 0 | 92547 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 599298 | 11387 | SH |  | SOLE |  | 0 | 0 | 11387 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 4052208 | 100726 | SH |  | SOLE |  | 0 | 0 | 100726 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 4709439 | 128849 | SH |  | SOLE |  | 0 | 0 | 128849 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 |  | 4502026 | 134876 | SH |  | SOLE |  | 0 | 0 | 134876 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 2979433 | 83951 | SH |  | SOLE |  | 0 | 0 | 83951 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 5452073 | 114048 | SH |  | SOLE |  | 0 | 0 | 114048 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 12108134 | 296768 | SH |  | SOLE |  | 0 | 0 | 296768 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 4023771 | 104081 | SH |  | SOLE |  | 0 | 0 | 104081 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 324715 | 6654 | SH |  | SOLE |  | 0 | 0 | 6654 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 9267868 | 124248 | SH |  | SOLE |  | 0 | 0 | 124248 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 |  | 777133 | 10113 | SH |  | SOLE |  | 0 | 0 | 10113 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 842873 | 24158 | SH |  | SOLE |  | 0 | 0 | 24158 |
| DISNEY WALT CO | COM | 254687106 |  | 390046 | 3494 | SH |  | SOLE |  | 0 | 0 | 3494 |
| DOLE PLC | ORD SHS | G27907107 |  | 2625550 | 170159 | SH |  | SOLE |  | 0 | 0 | 170159 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 3285110 | 220922 | SH |  | SOLE |  | 0 | 0 | 220922 |
| EA SERIES TRUST | EA BRIDGEWAY OMN | 02072L532 |  | 1386699 | 55203 | SH |  | SOLE |  | 0 | 0 | 55203 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 |  | 121800 | 12602 | SH |  | SOLE |  | 0 | 0 | 12602 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1298136 | 15454 | SH |  | SOLE |  | 0 | 0 | 15454 |
| ELI LILLY  CO | COM | 532457108 |  | 289805 | 273 | SH |  | SOLE |  | 0 | 0 | 273 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 1657631 | 20876 | SH |  | SOLE |  | 0 | 0 | 20876 |
| EMERSON ELEC CO | COM | 291011104 |  | 1685880 | 11348 | SH |  | SOLE |  | 0 | 0 | 11348 |
| ENBRIDGE INC | COM | 29250N105 |  | 205143 | 4228 | SH |  | SOLE |  | 0 | 0 | 4228 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 802583 | 44366 | SH |  | SOLE |  | 0 | 0 | 44366 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 405646 | 12283 | SH |  | SOLE |  | 0 | 0 | 12283 |
| EVERGY INC | COM | 30034W106 |  | 464368 | 6067 | SH |  | SOLE |  | 0 | 0 | 6067 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1244116 | 9151 | SH |  | SOLE |  | 0 | 0 | 9151 |
| FASTENAL CO | COM | 311900104 |  | 269861 | 6198 | SH |  | SOLE |  | 0 | 0 | 6198 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 209425 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 1216535 | 26326 | SH |  | SOLE |  | 0 | 0 | 26326 |
| FIRST BUSEY CORP | COM NEW | 319383204 |  | 238471 | 9643 | SH |  | SOLE |  | 0 | 0 | 9643 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 1065861 | 27909 | SH |  | SOLE |  | 0 | 0 | 27909 |
| FIRST TR EXCH TRD ALPHDX FD | DEV MRK EX US | 33737J174 |  | 935894 | 10640 | SH |  | SOLE |  | 0 | 0 | 10640 |
| FIRST TR EXCHANGE TRAD FD VI | FST TR GLB FD | 33739H101 |  | 763192 | 30124 | SH |  | SOLE |  | 0 | 0 | 30124 |
| FIRST TR EXCHANGE TRADED FD | DORSEY WRIGHT | 33738R886 |  | 259493 | 9807 | SH |  | SOLE |  | 0 | 0 | 9807 |
| FIRST TR EXCHANGE TRADED FD | DORSEY WRT 5 ETF | 33738R605 |  | 2116700 | 31713 | SH |  | SOLE |  | 0 | 0 | 31713 |
| FIRST TR EXCHANGE TRADED FD | INDXX NAT RE ETF | 33734X838 |  | 429869 | 24015 | SH |  | SOLE |  | 0 | 0 | 24015 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 616441 | 6245 | SH |  | SOLE |  | 0 | 0 | 6245 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 707966 | 6282 | SH |  | SOLE |  | 0 | 0 | 6282 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 1001843 | 13900 | SH |  | SOLE |  | 0 | 0 | 13900 |
| FIRST TR EXCHANGE-TRADED ALP | SML CP GRW ALP | 33737M300 |  | 384174 | 3755 | SH |  | SOLE |  | 0 | 0 | 3755 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 3849393 | 39987 | SH |  | SOLE |  | 0 | 0 | 39987 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 428093 | 8986 | SH |  | SOLE |  | 0 | 0 | 8986 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 336917109 |  | 306734 | 6571 | SH |  | SOLE |  | 0 | 0 | 6571 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 297674 | 7340 | SH |  | SOLE |  | 0 | 0 | 7340 |
| FORD MTR CO | COM | 345370860 |  | 514350 | 37959 | SH |  | SOLE |  | 0 | 0 | 37959 |
| FRANKLIN TEMPLETON ETF TR | SENIOR LOAN ETF | 35473P595 |  | 582423 | 24726 | SH |  | SOLE |  | 0 | 0 | 24726 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 259646 | 4167 | SH |  | SOLE |  | 0 | 0 | 4167 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 |  | 1192038 | 31027 | SH |  | SOLE |  | 0 | 0 | 31027 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 269631 | 9415 | SH |  | SOLE |  | 0 | 0 | 9415 |
| GARMIN LTD | SHS | H2906T109 |  | 1191184 | 5764 | SH |  | SOLE |  | 0 | 0 | 5764 |
| GE AEROSPACE | COM NEW | 369604301 |  | 687364 | 2323 | SH |  | SOLE |  | 0 | 0 | 2323 |
| GE VERNOVA INC | COM | 36828A101 |  | 388633 | 576 | SH |  | SOLE |  | 0 | 0 | 576 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 225622 | 621 | SH |  | SOLE |  | 0 | 0 | 621 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1441919 | 18017 | SH |  | SOLE |  | 0 | 0 | 18017 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 795401 | 853 | SH |  | SOLE |  | 0 | 0 | 853 |
| HARMONIC INC | COM | 413160102 |  | 224786 | 21708 | SH |  | SOLE |  | 0 | 0 | 21708 |
| HERSHEY CO | COM | 427866108 |  | 1052770 | 5552 | SH |  | SOLE |  | 0 | 0 | 5552 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 3414937 | 160175 | SH |  | SOLE |  | 0 | 0 | 160175 |
| HOME DEPOT INC | COM | 437076102 |  | 363816 | 949 | SH |  | SOLE |  | 0 | 0 | 949 |
| HONEYWELL INTL INC | COM | 438516106 |  | 262908 | 1192 | SH |  | SOLE |  | 0 | 0 | 1192 |
| HOOKER FURNISHINGS CORPORATI | COM | 439038100 |  | 484079 | 37123 | SH |  | SOLE |  | 0 | 0 | 37123 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 1022562 | 39451 | SH |  | SOLE |  | 0 | 0 | 39451 |
| IDACORP INC | COM | 451107106 |  | 211863 | 1580 | SH |  | SOLE |  | 0 | 0 | 1580 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1407121 | 8110 | SH |  | SOLE |  | 0 | 0 | 8110 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 634615 | 2148 | SH |  | SOLE |  | 0 | 0 | 2148 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 210393 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 929115 | 1487 | SH |  | SOLE |  | 0 | 0 | 1487 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 2287944 | 26409 | SH |  | SOLE |  | 0 | 0 | 26409 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 991881 | 8436 | SH |  | SOLE |  | 0 | 0 | 8436 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 3896785 | 38728 | SH |  | SOLE |  | 0 | 0 | 38728 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 298035 | 4166 | SH |  | SOLE |  | 0 | 0 | 4166 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 248152 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 229962 | 1517 | SH |  | SOLE |  | 0 | 0 | 1517 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1741639 | 2505 | SH |  | SOLE |  | 0 | 0 | 2505 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 |  | 4236929 | 111631 | SH |  | SOLE |  | 0 | 0 | 111631 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 280186 | 5447 | SH |  | SOLE |  | 0 | 0 | 5447 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 1175144 | 3095 | SH |  | SOLE |  | 0 | 0 | 3095 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1270084 | 2698 | SH |  | SOLE |  | 0 | 0 | 2698 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 769357 | 3510 | SH |  | SOLE |  | 0 | 0 | 3510 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 391004 | 3884 | SH |  | SOLE |  | 0 | 0 | 3884 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 |  | 900156 | 19402 | SH |  | SOLE |  | 0 | 0 | 19402 |
| JANUS DETROIT STR TR | HENDERSON SECURI | 47103U746 |  | 4979018 | 95243 | SH |  | SOLE |  | 0 | 0 | 95243 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 2306111 | 13678 | SH |  | SOLE |  | 0 | 0 | 13678 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 9229745 | 146156 | SH |  | SOLE |  | 0 | 0 | 146156 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 645984 | 2918 | SH |  | SOLE |  | 0 | 0 | 2918 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2978053 | 9927 | SH |  | SOLE |  | 0 | 0 | 9927 |
| KKR  CO INC | COM | 48251W104 |  | 5451150 | 45096 | SH |  | SOLE |  | 0 | 0 | 45096 |
| KOPPERS HOLDINGS INC | COM | 50060P106 |  | 1543461 | 53168 | SH |  | SOLE |  | 0 | 0 | 53168 |
| KROGER CO | COM | 501044101 |  | 1033071 | 15994 | SH |  | SOLE |  | 0 | 0 | 15994 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 417366 | 1896 | SH |  | SOLE |  | 0 | 0 | 1896 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 1268113 | 18518 | SH |  | SOLE |  | 0 | 0 | 18518 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 1464098 | 23641 | SH |  | SOLE |  | 0 | 0 | 23641 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 2099304 | 17902 | SH |  | SOLE |  | 0 | 0 | 17902 |
| LEAR CORP | COM NEW | 521865204 |  | 2065358 | 17315 | SH |  | SOLE |  | 0 | 0 | 17315 |
| LOWES COS INC | COM | 548661107 |  | 1366708 | 4940 | SH |  | SOLE |  | 0 | 0 | 4940 |
| MACYS INC | COM | 55616P104 |  | 3714441 | 182887 | SH |  | SOLE |  | 0 | 0 | 182887 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1689885 | 20883 | SH |  | SOLE |  | 0 | 0 | 20883 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1294675 | 2466 | SH |  | SOLE |  | 0 | 0 | 2466 |
| MCDONALDS CORP | COM | 580135101 |  | 1714090 | 5474 | SH |  | SOLE |  | 0 | 0 | 5474 |
| META PLATFORMS INC | CL A | 30303M102 |  | 838608 | 1261 | SH |  | SOLE |  | 0 | 0 | 1261 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1813006 | 24190 | SH |  | SOLE |  | 0 | 0 | 24190 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2233989 | 5684 | SH |  | SOLE |  | 0 | 0 | 5684 |
| MICROSOFT CORP | COM | 594918104 |  | 7115328 | 15236 | SH |  | SOLE |  | 0 | 0 | 15236 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 833746 | 14229 | SH |  | SOLE |  | 0 | 0 | 14229 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2688874 | 14836 | SH |  | SOLE |  | 0 | 0 | 14836 |
| NASDAQ INC | COM | 631103108 |  | 1774796 | 18022 | SH |  | SOLE |  | 0 | 0 | 18022 |
| NETFLIX INC | COM | 64110L106 |  | 1341452 | 15613 | SH |  | SOLE |  | 0 | 0 | 15613 |
| NIKE INC | CL B | 654106103 |  | 1136319 | 17495 | SH |  | SOLE |  | 0 | 0 | 17495 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 2173641 | 318012 | SH |  | SOLE |  | 0 | 0 | 318012 |
| NORTHERN LTS FD TR IV | MAIN SECTR ROTN | 66538H591 |  | 215292 | 3300 | SH |  | SOLE |  | 0 | 0 | 3300 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 427789 | 641 | SH |  | SOLE |  | 0 | 0 | 641 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 168277 | 20673 | SH |  | SOLE |  | 0 | 0 | 20673 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2385155 | 12616 | SH |  | SOLE |  | 0 | 0 | 12616 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1430134 | 8294 | SH |  | SOLE |  | 0 | 0 | 8294 |
| ORACLE CORP | COM | 68389X105 |  | 510094 | 2766 | SH |  | SOLE |  | 0 | 0 | 2766 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 821861 | 8175 | SH |  | SOLE |  | 0 | 0 | 8175 |
| OSHKOSH CORP | COM | 688239201 |  | 1362503 | 8867 | SH |  | SOLE |  | 0 | 0 | 8867 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 3726180 | 338436 | SH |  | SOLE |  | 0 | 0 | 338436 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1494501 | 26372 | SH |  | SOLE |  | 0 | 0 | 26372 |
| PEPSICO INC | COM | 713448108 |  | 469216 | 3244 | SH |  | SOLE |  | 0 | 0 | 3244 |
| PFIZER INC | COM | 717081103 |  | 463705 | 18068 | SH |  | SOLE |  | 0 | 0 | 18068 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 1223597 | 13057 | SH |  | SOLE |  | 0 | 0 | 13057 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1583384 | 10561 | SH |  | SOLE |  | 0 | 0 | 10561 |
| PROGRESSIVE CORP | COM | 743315103 |  | 269927 | 1203 | SH |  | SOLE |  | 0 | 0 | 1203 |
| PROSHARES TR | LARGE CAP CRE | 74347R248 |  | 8737142 | 109105 | SH |  | SOLE |  | 0 | 0 | 109105 |
| QCR HOLDINGS INC | COM | 74727A104 |  | 486638 | 5574 | SH |  | SOLE |  | 0 | 0 | 5574 |
| QUALCOMM INC | COM | 747525103 |  | 290075 | 1866 | SH |  | SOLE |  | 0 | 0 | 1866 |
| RBB FUND TRUST | FIRST EAGLE GBL | 75526L886 |  | 772132 | 15681 | SH |  | SOLE |  | 0 | 0 | 15681 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 917004 | 13467 | SH |  | SOLE |  | 0 | 0 | 13467 |
| ROCKY BRANDS INC | COM | 774515100 |  | 595048 | 17991 | SH |  | SOLE |  | 0 | 0 | 17991 |
| ROYCE SMALL CAP TRUST INC | COM | 780910105 |  | 11291404 | 642656 | SH |  | SOLE |  | 0 | 0 | 642656 |
| RTX CORPORATION | COM | 75513E101 |  | 2633808 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 730422 | 38585 | SH |  | SOLE |  | 0 | 0 | 38585 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 2350224 | 49667 | SH |  | SOLE |  | 0 | 0 | 49667 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 354387 | 9088 | SH |  | SOLE |  | 0 | 0 | 9088 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 1737578 | 36324 | SH |  | SOLE |  | 0 | 0 | 36324 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 4537541 | 93914 | SH |  | SOLE |  | 0 | 0 | 93914 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 3028157 | 89643 | SH |  | SOLE |  | 0 | 0 | 89643 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 296915 | 11646 | SH |  | SOLE |  | 0 | 0 | 11646 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 358659 | 12279 | SH |  | SOLE |  | 0 | 0 | 12279 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 505713 | 15594 | SH |  | SOLE |  | 0 | 0 | 15594 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 304340 | 9846 | SH |  | SOLE |  | 0 | 0 | 9846 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 2923802 | 91013 | SH |  | SOLE |  | 0 | 0 | 91013 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 549168 | 17958 | SH |  | SOLE |  | 0 | 0 | 17958 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 200361 | 3757 | SH |  | SOLE |  | 0 | 0 | 3757 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 299609 | 1899 | SH |  | SOLE |  | 0 | 0 | 1899 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 223736 | 1362 | SH |  | SOLE |  | 0 | 0 | 1362 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 392201 | 2683 | SH |  | SOLE |  | 0 | 0 | 2683 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2512744 | 7240 | SH |  | SOLE |  | 0 | 0 | 7240 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 240719 | 3580 | SH |  | SOLE |  | 0 | 0 | 3580 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4774614 | 6898 | SH |  | SOLE |  | 0 | 0 | 6898 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 260504 | 2041 | SH |  | SOLE |  | 0 | 0 | 2041 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 482347 | 6022 | SH |  | SOLE |  | 0 | 0 | 6022 |
| STARBUCKS CORP | COM | 855244109 |  | 508542 | 5226 | SH |  | SOLE |  | 0 | 0 | 5226 |
| SUZANO S A | SPON ADS | 86959K105 |  | 3921336 | 396495 | SH |  | SOLE |  | 0 | 0 | 396495 |
| T ROWE PRICE ETF INC | CAPITAL APPRECIA | 87283Q784 |  | 7277476 | 302090 | SH |  | SOLE |  | 0 | 0 | 302090 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 1756335 | 16799 | SH |  | SOLE |  | 0 | 0 | 16799 |
| TEMPLETON EMERGING MKTS INCO | COM | 880192109 |  | 105695 | 15966 | SH |  | SOLE |  | 0 | 0 | 15966 |
| TESLA INC | COM | 88160R101 |  | 2152090 | 4906 | SH |  | SOLE |  | 0 | 0 | 4906 |
| THE CIGNA GROUP | COM | 125523100 |  | 3272280 | 11776 | SH |  | SOLE |  | 0 | 0 | 11776 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2235357 | 3559 | SH |  | SOLE |  | 0 | 0 | 3559 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1208001 | 21719 | SH |  | SOLE |  | 0 | 0 | 21719 |
| TRX GOLD CORPORATION | COM | 87283P109 |  | 92454 | 75166 | SH |  | SOLE |  | 0 | 0 | 75166 |
| UIPATH INC | CL A | 90364P105 |  | 577131 | 38544 | SH |  | SOLE |  | 0 | 0 | 38544 |
| UNION PAC CORP | COM | 907818108 |  | 2657743 | 11536 | SH |  | SOLE |  | 0 | 0 | 11536 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 4449816 | 41323 | SH |  | SOLE |  | 0 | 0 | 41323 |
| UNUM GROUP | COM | 91529Y106 |  | 2458092 | 31890 | SH |  | SOLE |  | 0 | 0 | 31890 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 1275455 | 78951 | SH |  | SOLE |  | 0 | 0 | 78951 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1084738 | 2232 | SH |  | SOLE |  | 0 | 0 | 2232 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 805112 | 2835 | SH |  | SOLE |  | 0 | 0 | 2835 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 8203608 | 12886 | SH |  | SOLE |  | 0 | 0 | 12886 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 206925 | 752 | SH |  | SOLE |  | 0 | 0 | 752 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 447274 | 1308 | SH |  | SOLE |  | 0 | 0 | 1308 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 909402 | 4585 | SH |  | SOLE |  | 0 | 0 | 4585 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2732950 | 48039 | SH |  | SOLE |  | 0 | 0 | 48039 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 441004 | 1965 | SH |  | SOLE |  | 0 | 0 | 1965 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 926571 | 13980 | SH |  | SOLE |  | 0 | 0 | 13980 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 570691 | 3842 | SH |  | SOLE |  | 0 | 0 | 3842 |
| VERISIGN INC | COM | 92343E102 |  | 1366738 | 5438 | SH |  | SOLE |  | 0 | 0 | 5438 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 338823 | 8551 | SH |  | SOLE |  | 0 | 0 | 8551 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 985104 | 2081 | SH |  | SOLE |  | 0 | 0 | 2081 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 415355 | 2253 | SH |  | SOLE |  | 0 | 0 | 2253 |
| VIATRIS INC | COM | 92556V106 |  | 3477428 | 263541 | SH |  | SOLE |  | 0 | 0 | 263541 |
| VISA INC | COM CL A | 92826C839 |  | 1200819 | 3677 | SH |  | SOLE |  | 0 | 0 | 3677 |
| VITESSE ENERGY INC | COMMON STOCK | 92852X103 |  | 291721 | 14952 | SH |  | SOLE |  | 0 | 0 | 14952 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 2445503 | 170410 | SH |  | SOLE |  | 0 | 0 | 170410 |
| WALMART INC | COM | 931142103 |  | 1855909 | 15749 | SH |  | SOLE |  | 0 | 0 | 15749 |
| WISDOMTREE TR | EMG MKTS SMCAP | 97717W281 |  | 1480014 | 24003 | SH |  | SOLE |  | 0 | 0 | 24003 |
| WISDOMTREE TR | INTL SMCAP DIV | 97717W760 |  | 4729612 | 55241 | SH |  | SOLE |  | 0 | 0 | 55241 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 402441 | 4405 | SH |  | SOLE |  | 0 | 0 | 4405 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 1216819 | 34180 | SH |  | SOLE |  | 0 | 0 | 34180 |
| WORKDAY INC | CL A | 98138H101 |  | 1400175 | 7312 | SH |  | SOLE |  | 0 | 0 | 7312 |
| XPERI INC | COMMON STOCK | 98423J101 |  | 2941421 | 494947 | SH |  | SOLE |  | 0 | 0 | 494947 |
| ZOETIS INC | CL A | 98978V103 |  | 1336729 | 10806 | SH |  | SOLE |  | 0 | 0 | 10806 |

---