# EDGAR Filing Document

**Accession Number:** 0001266014
**File Stem:** 0001266014-25-000002
**Filing Date:** 2025-11
**Character Count:** 18217
**Document Hash:** ea5a6cd24bebde3b07d70e1a1d8656f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001266014-25-000002.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001266014-25-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WRAPMANAGER INC
- **CENTRAL INDEX KEY:** 0001266014

**ORGANIZATION NAME:**
- **EIN:** 943352179
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15061
- **FILM NUMBER:** 251467180

**BUSINESS ADDRESS:**
- **STREET 1:** 319 MILLER AVENUE
- **CITY:** MILL VALLEY
- **STATE:** CA
- **ZIP:** 94941
- **BUSINESS PHONE:** 4155417774

**MAIL ADDRESS:**
- **STREET 1:** 319 MILLER AVENUE
- **CITY:** MILL VALLEY
- **STATE:** CA
- **ZIP:** 94941

### 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:** WRAPMANAGER INC<br>**Address:** 319 MILLER AVENUE<br>MILL VALLEY, CA 94941

**Form 13F File Number:** 028-15061

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:** Doug Hutchinson<br>**Title:** Director of Research and Trading<br>**Phone:** 415-541-7774

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

/s/Doug Hutchinson  Mill Valley, CA  11-10-2025<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:** 151

**Form 13F Information Table Value Total:** $324903023

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 1138289 | 8498 | SH |  | SOLE |  | 0 | 0 | 8498 |
| ABBVIE INC | COM | 00287Y109 |  | 1489226 | 6431 | SH |  | SOLE |  | 0 | 0 | 6431 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 686534 | 2784 | SH |  | SOLE |  | 0 | 0 | 2784 |
| ADOBE INC | COM | 00724F101 |  | 667756 | 1893 | SH |  | SOLE |  | 0 | 0 | 1893 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 758957 | 4691 | SH |  | SOLE |  | 0 | 0 | 4691 |
| AIRBNB INC | COM CL A | 009066101 |  | 283151 | 2332 | SH |  | SOLE |  | 0 | 0 | 2332 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4104058 | 16882 | SH |  | SOLE |  | 0 | 0 | 16882 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4043780 | 16603 | SH |  | SOLE |  | 0 | 0 | 16603 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 156174 | 10741 | SH |  | SOLE |  | 0 | 0 | 10741 |
| AMAZON COM INC | COM | 023135106 |  | 7706606 | 35098 | SH |  | SOLE |  | 0 | 0 | 35098 |
| AMCOR PLC | ORD | G0250X107 |  | 87379 | 10682 | SH |  | SOLE |  | 0 | 0 | 10682 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 514785 | 1549 | SH |  | SOLE |  | 0 | 0 | 1549 |
| AMGEN INC | COM | 031162100 |  | 623662 | 2210 | SH |  | SOLE |  | 0 | 0 | 2210 |
| AON PLC | SHS CL A | G0403H108 |  | 233560 | 655 | SH |  | SOLE |  | 0 | 0 | 655 |
| APPLE INC | COM | 037833100 |  | 10402696 | 40854 | SH |  | SOLE |  | 0 | 0 | 40854 |
| AT INC | COM | 00206R102 |  | 698573 | 24737 | SH |  | SOLE |  | 0 | 0 | 24737 |
| AUTODESK INC | COM | 052769106 |  | 432031 | 1360 | SH |  | SOLE |  | 0 | 0 | 1360 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 262378 | 13630 | SH |  | SOLE |  | 0 | 0 | 13630 |
| BANK AMERICA CORP | COM | 060505104 |  | 1299346 | 25186 | SH |  | SOLE |  | 0 | 0 | 25186 |
| BANK MONTREAL QUE | COM | 063671101 |  | 236143 | 1813 | SH |  | SOLE |  | 0 | 0 | 1813 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2565985 | 5104 | SH |  | SOLE |  | 0 | 0 | 5104 |
| BLACKROCK ETF TRUST | US CARBON TRANS | 09290C509 |  | 399981 | 5511 | SH |  | SOLE |  | 0 | 0 | 5511 |
| BOEING CO | COM | 097023105 |  | 490150 | 2271 | SH |  | SOLE |  | 0 | 0 | 2271 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 232119 | 4373 | SH |  | SOLE |  | 0 | 0 | 4373 |
| BROADCOM INC | COM | 11135F101 |  | 5107117 | 15480 | SH |  | SOLE |  | 0 | 0 | 15480 |
| CATERPILLAR INC | COM | 149123101 |  | 1160489 | 2432 | SH |  | SOLE |  | 0 | 0 | 2432 |
| CHEVRON CORP NEW | COM | 166764100 |  | 806421 | 5193 | SH |  | SOLE |  | 0 | 0 | 5193 |
| CINTAS CORP | COM | 172908105 |  | 208134 | 1014 | SH |  | SOLE |  | 0 | 0 | 1014 |
| CISCO SYS INC | COM | 17275R102 |  | 1010655 | 14771 | SH |  | SOLE |  | 0 | 0 | 14771 |
| CITIGROUP INC | COM NEW | 172967424 |  | 588091 | 5794 | SH |  | SOLE |  | 0 | 0 | 5794 |
| COCA COLA CO | COM | 191216100 |  | 852610 | 12855 | SH |  | SOLE |  | 0 | 0 | 12855 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1209724 | 1306 | SH |  | SOLE |  | 0 | 0 | 1306 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 399169 | 814 | SH |  | SOLE |  | 0 | 0 | 814 |
| DISNEY WALT CO | COM | 254687106 |  | 571139 | 4988 | SH |  | SOLE |  | 0 | 0 | 4988 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 203816 | 1647 | SH |  | SOLE |  | 0 | 0 | 1647 |
| ELI LILLY  CO | COM | 532457108 |  | 1783131 | 2337 | SH |  | SOLE |  | 0 | 0 | 2337 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 278554 | 4608 | SH |  | SOLE |  | 0 | 0 | 4608 |
| ENBRIDGE INC | COM | 29250N105 |  | 310077 | 6145 | SH |  | SOLE |  | 0 | 0 | 6145 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 224621 | 1064 | SH |  | SOLE |  | 0 | 0 | 1064 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1333833 | 11830 | SH |  | SOLE |  | 0 | 0 | 11830 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1492067 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 588744 | 5304 | SH |  | SOLE |  | 0 | 0 | 5304 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 754940 | 948 | SH |  | SOLE |  | 0 | 0 | 948 |
| HARMONY GOLD MINING CO LTD | SPONSORED ADR | 413216300 |  | 229325 | 12635 | SH |  | SOLE |  | 0 | 0 | 12635 |
| HOME DEPOT INC | COM | 437076102 |  | 1444502 | 3565 | SH |  | SOLE |  | 0 | 0 | 3565 |
| HONEYWELL INTL INC | COM | 438516106 |  | 743802 | 3533 | SH |  | SOLE |  | 0 | 0 | 3533 |
| IDEXX LABS INC | COM | 45168D104 |  | 217861 | 341 | SH |  | SOLE |  | 0 | 0 | 341 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 926613 | 3284 | SH |  | SOLE |  | 0 | 0 | 3284 |
| INTUIT | COM | 461202103 |  | 566815 | 830 | SH |  | SOLE |  | 0 | 0 | 830 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 487928 | 1091 | SH |  | SOLE |  | 0 | 0 | 1091 |
| INVESCO EXCH TRADED FD TR II | SHORT TERM TREAS | 46138G888 |  | 557990 | 5282 | SH |  | SOLE |  | 0 | 0 | 5282 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 2711070 | 99343 | SH |  | SOLE |  | 0 | 0 | 99343 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 8070510 | 67530 | SH |  | SOLE |  | 0 | 0 | 67530 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 4078120 | 84137 | SH |  | SOLE |  | 0 | 0 | 84137 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 4424628 | 67800 | SH |  | SOLE |  | 0 | 0 | 67800 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 21781418 | 217271 | SH |  | SOLE |  | 0 | 0 | 217271 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 6379358 | 68610 | SH |  | SOLE |  | 0 | 0 | 68610 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 3086267 | 68462 | SH |  | SOLE |  | 0 | 0 | 68462 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 351624 | 2415 | SH |  | SOLE |  | 0 | 0 | 2415 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 256434 | 2036 | SH |  | SOLE |  | 0 | 0 | 2036 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 2868934 | 56160 | SH |  | SOLE |  | 0 | 0 | 56160 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 |  | 2325561 | 91126 | SH |  | SOLE |  | 0 | 0 | 91126 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 1009933 | 43178 | SH |  | SOLE |  | 0 | 0 | 43178 |
| ISHARES TR | IBONDS 2027 TERM | 46436E478 |  | 1004471 | 44663 | SH |  | SOLE |  | 0 | 0 | 44663 |
| ISHARES TR | IBONDS 2030 TERM | 46436E122 |  | 1013790 | 37828 | SH |  | SOLE |  | 0 | 0 | 37828 |
| ISHARES TR | IBONDS 2031 TERM | 46438G661 |  | 1013475 | 38823 | SH |  | SOLE |  | 0 | 0 | 38823 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 2333743 | 95880 | SH |  | SOLE |  | 0 | 0 | 95880 |
| ISHARES TR | IBONDS 28 TR HI | 46436E387 |  | 1009875 | 42325 | SH |  | SOLE |  | 0 | 0 | 42325 |
| ISHARES TR | IBONDS 29 TR HI | 46436E379 |  | 1014078 | 42519 | SH |  | SOLE |  | 0 | 0 | 42519 |
| ISHARES TR | IBONDS DEC 2030 | 46436E726 |  | 2388169 | 107818 | SH |  | SOLE |  | 0 | 0 | 107818 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 |  | 2353468 | 110908 | SH |  | SOLE |  | 0 | 0 | 110908 |
| ISHARES TR | IBONDS DEC 2032 | 46436E312 |  | 2347279 | 91619 | SH |  | SOLE |  | 0 | 0 | 91619 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 2335226 | 99498 | SH |  | SOLE |  | 0 | 0 | 99498 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 2325842 | 95713 | SH |  | SOLE |  | 0 | 0 | 95713 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 2362330 | 24817 | SH |  | SOLE |  | 0 | 0 | 24817 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 451563 | 2218 | SH |  | SOLE |  | 0 | 0 | 2218 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1638228 | 8835 | SH |  | SOLE |  | 0 | 0 | 8835 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 416711 | 3790 | SH |  | SOLE |  | 0 | 0 | 3790 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3153511 | 9997 | SH |  | SOLE |  | 0 | 0 | 9997 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 453228 | 1484 | SH |  | SOLE |  | 0 | 0 | 1484 |
| LINDE PLC | SHS | G54950103 |  | 679725 | 1431 | SH |  | SOLE |  | 0 | 0 | 1431 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2020982 | 3553 | SH |  | SOLE |  | 0 | 0 | 3553 |
| MCDONALDS CORP | COM | 580135101 |  | 803029 | 2642 | SH |  | SOLE |  | 0 | 0 | 2642 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 205651 | 88 | SH |  | SOLE |  | 0 | 0 | 88 |
| MERCK  CO INC | COM | 58933Y105 |  | 608199 | 7246 | SH |  | SOLE |  | 0 | 0 | 7246 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4820470 | 6564 | SH |  | SOLE |  | 0 | 0 | 6564 |
| MICROSOFT CORP | COM | 594918104 |  | 11798810 | 22779 | SH |  | SOLE |  | 0 | 0 | 22779 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 228356 | 14326 | SH |  | SOLE |  | 0 | 0 | 14326 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 727560 | 4577 | SH |  | SOLE |  | 0 | 0 | 4577 |
| MSCI INC | COM | 55354G100 |  | 414777 | 731 | SH |  | SOLE |  | 0 | 0 | 731 |
| NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 |  | 222516 | 3062 | SH |  | SOLE |  | 0 | 0 | 3062 |
| NETFLIX INC | COM | 64110L106 |  | 1901704 | 1586 | SH |  | SOLE |  | 0 | 0 | 1586 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 890329 | 11794 | SH |  | SOLE |  | 0 | 0 | 11794 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13157062 | 70517 | SH |  | SOLE |  | 0 | 0 | 70517 |
| ORACLE CORP | COM | 68389X105 |  | 1687440 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1097621 | 6017 | SH |  | SOLE |  | 0 | 0 | 6017 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 209729 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| PEPSICO INC | COM | 713448108 |  | 734852 | 5232 | SH |  | SOLE |  | 0 | 0 | 5232 |
| PFIZER INC | COM | 717081103 |  | 525513 | 20624 | SH |  | SOLE |  | 0 | 0 | 20624 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 975849 | 6016 | SH |  | SOLE |  | 0 | 0 | 6016 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 357454 | 1779 | SH |  | SOLE |  | 0 | 0 | 1779 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1221748 | 7951 | SH |  | SOLE |  | 0 | 0 | 7951 |
| QUALCOMM INC | COM | 747525103 |  | 542001 | 3258 | SH |  | SOLE |  | 0 | 0 | 3258 |
| RTX CORPORATION | COM | 75513E101 |  | 1218162 | 7280 | SH |  | SOLE |  | 0 | 0 | 7280 |
| SALESFORCE INC | COM | 79466L302 |  | 675687 | 2851 | SH |  | SOLE |  | 0 | 0 | 2851 |
| SAP SE | SPON ADR | 803054204 |  | 354053 | 1325 | SH |  | SOLE |  | 0 | 0 | 1325 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 445558 | 4667 | SH |  | SOLE |  | 0 | 0 | 4667 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 321039 | 1139 | SH |  | SOLE |  | 0 | 0 | 1139 |
| SERVICENOW INC | COM | 81762P102 |  | 1013228 | 1101 | SH |  | SOLE |  | 0 | 0 | 1101 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 790754 | 5321 | SH |  | SOLE |  | 0 | 0 | 5321 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 16230460 | 379304 | SH |  | SOLE |  | 0 | 0 | 379304 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 13684295 | 292337 | SH |  | SOLE |  | 0 | 0 | 292337 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 17404142 | 513548 | SH |  | SOLE |  | 0 | 0 | 513548 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 11430737 | 199873 | SH |  | SOLE |  | 0 | 0 | 199873 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 8328938 | 179813 | SH |  | SOLE |  | 0 | 0 | 179813 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 2634402 | 89850 | SH |  | SOLE |  | 0 | 0 | 89850 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 9162498 | 302492 | SH |  | SOLE |  | 0 | 0 | 302492 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 11572236 | 110728 | SH |  | SOLE |  | 0 | 0 | 110728 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 7858050 | 142021 | SH |  | SOLE |  | 0 | 0 | 142021 |
| SPDR SERIES TRUST | S 400 MDCP GRW | 78464A821 |  | 384003 | 4194 | SH |  | SOLE |  | 0 | 0 | 4194 |
| SPDR SERIES TRUST | S 400 MDCP VAL | 78464A839 |  | 438069 | 5252 | SH |  | SOLE |  | 0 | 0 | 5252 |
| SPDR SERIES TRUST | S 600 SMCP GRW | 78464A201 |  | 200314 | 2124 | SH |  | SOLE |  | 0 | 0 | 2124 |
| SPDR SERIES TRUST | S 600 SMCP VAL | 78464A300 |  | 273663 | 3087 | SH |  | SOLE |  | 0 | 0 | 3087 |
| STARBUCKS CORP | COM | 855244109 |  | 240611 | 2844 | SH |  | SOLE |  | 0 | 0 | 2844 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 446085 | 2032 | SH |  | SOLE |  | 0 | 0 | 2032 |
| TESLA INC | COM | 88160R101 |  | 4218169 | 9485 | SH |  | SOLE |  | 0 | 0 | 9485 |
| TEXAS INSTRS INC | COM | 882508104 |  | 481005 | 2618 | SH |  | SOLE |  | 0 | 0 | 2618 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 496660 | 1024 | SH |  | SOLE |  | 0 | 0 | 1024 |
| TJX COS INC NEW | COM | 872540109 |  | 360627 | 2495 | SH |  | SOLE |  | 0 | 0 | 2495 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 278215 | 4661 | SH |  | SOLE |  | 0 | 0 | 4661 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 203884 | 6968 | SH |  | SOLE |  | 0 | 0 | 6968 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 207402 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| UNION PAC CORP | COM | 907818108 |  | 554997 | 2348 | SH |  | SOLE |  | 0 | 0 | 2348 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1086256 | 3145 | SH |  | SOLE |  | 0 | 0 | 3145 |
| UP FINTECH HLDG LTD | SPONSORED ADS | 91531W106 |  | 125266 | 11740 | SH |  | SOLE |  | 0 | 0 | 11740 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 6788775 | 228347 | SH |  | SOLE |  | 0 | 0 | 228347 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 917014 | 1912 | SH |  | SOLE |  | 0 | 0 | 1912 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 600213 | 2043 | SH |  | SOLE |  | 0 | 0 | 2043 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 545039 | 3122 | SH |  | SOLE |  | 0 | 0 | 3122 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 360860 | 1729 | SH |  | SOLE |  | 0 | 0 | 1729 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 379466 | 1275 | SH |  | SOLE |  | 0 | 0 | 1275 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 716681 | 3843 | SH |  | SOLE |  | 0 | 0 | 3843 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 307283 | 4183 | SH |  | SOLE |  | 0 | 0 | 4183 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 833273 | 18959 | SH |  | SOLE |  | 0 | 0 | 18959 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 461744 | 1179 | SH |  | SOLE |  | 0 | 0 | 1179 |
| VISA INC | COM CL A | 92826C839 |  | 2435064 | 7133 | SH |  | SOLE |  | 0 | 0 | 7133 |
| WALMART INC | COM | 931142103 |  | 1312048 | 12730 | SH |  | SOLE |  | 0 | 0 | 12730 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 218294 | 1905 | SH |  | SOLE |  | 0 | 0 | 1905 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1031908 | 12311 | SH |  | SOLE |  | 0 | 0 | 12311 |
| XCEL ENERGY INC | COM | 98389B100 |  | 245983 | 3050 | SH |  | SOLE |  | 0 | 0 | 3050 |
| ZOETIS INC | CL A | 98978V103 |  | 268205 | 1833 | SH |  | SOLE |  | 0 | 0 | 1833 |

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