# EDGAR Filing Document

**Accession Number:** 0001563690
**File Stem:** 0001563690-25-000008
**Filing Date:** 2025-10
**Character Count:** 21231
**Document Hash:** 10b81e218efb918b6f9efd038ee39067
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001563690-25-000008.hdr.sgml**: 20251006

**ACCESSION NUMBER**: 0001563690-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251006

**DATE AS OF CHANGE**: 20251006

**EFFECTIVENESS DATE**: 20251006

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Boltwood Capital Management
- **CENTRAL INDEX KEY:** 0001563690

**ORGANIZATION NAME:**
- **EIN:** 942998774

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15111
- **FILM NUMBER:** 251376138

**BUSINESS ADDRESS:**
- **STREET 1:** 2099 MOUNT DIABLO BLVD., SUITE 220
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 4154331550

**MAIL ADDRESS:**
- **STREET 1:** 2099 MOUNT DIABLO BLVD., SUITE 220
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

### 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:** Boltwood Capital Management<br>**Address:** 2099 MOUNT DIABLO BLVD. SUITE 220<br>WALNUT CREEK, CA 94596

**Form 13F File Number:** 028-15111

**CRD Number (if applicable):** 000110293

**SEC File Number (if applicable):** 801-27099

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:** Zack Wolf<br>**Title:** Partner<br>**Phone:** 4154331550

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

Zack Wolf  Walnut Creek, CA  10-06-2025<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:** 178

**Form 13F Information Table Value Total:** $351768949

      (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 |  | 347138 | 2237 | SH |  | SOLE | 0 | 2237 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2901810 | 21665 | SH |  | SOLE | 0 | 21665 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1596700 | 6896 | SH |  | SOLE | 0 | 6896 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 369900 | 1500 | SH |  | SOLE | 0 | 1500 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 668109 | 1894 | SH |  | SOLE | 0 | 1894 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1313411 | 8118 | SH |  | SOLE | 0 | 8118 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1535606 | 7154 | SH |  | SOLE | 0 | 7154 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6319628 | 25996 | SH |  | SOLE | 0 | 25996 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 660021 | 2710 | SH |  | SOLE | 0 | 2710 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3758160 | 17116 | SH |  | SOLE | 0 | 17116 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2402513 | 7233 | SH |  | SOLE | 0 | 7233 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 503878 | 2620 | SH |  | SOLE | 0 | 2620 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 700736 | 2852 | SH |  | SOLE | 0 | 2852 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9266951 | 36394 | SH |  | SOLE | 0 | 36394 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 568404 | 20128 | SH |  | SOLE | 0 | 20128 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 940961 | 3206 | SH |  | SOLE | 0 | 3206 | 0 | 0 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 115280 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 569844 | 4375 | SH |  | SOLE | 0 | 4375 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1035142 | 2059 | SH |  | SOLE | 0 | 2059 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 774138 | 664 | SH |  | SOLE | 0 | 664 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1528082 | 8944 | SH |  | SOLE | 0 | 8944 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 796629 | 3691 | SH |  | SOLE | 0 | 3691 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 243991 | 5410 | SH |  | SOLE | 0 | 5410 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1114766 | 3379 | SH |  | SOLE | 0 | 3379 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 241845 | 4051 | SH |  | SOLE | 0 | 4051 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 3798591 | 7961 | SH |  | SOLE | 0 | 7961 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 546302 | 1748 | SH |  | SOLE | 0 | 1748 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3533624 | 22755 | SH |  | SOLE | 0 | 22755 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 500848 | 12780 | SH |  | SOLE | 0 | 12780 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 801540 | 11715 | SH |  | SOLE | 0 | 11715 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 385193 | 3795 | SH |  | SOLE | 0 | 3795 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 841642 | 3115 | SH |  | SOLE | 0 | 3115 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1745410 | 26318 | SH |  | SOLE | 0 | 26318 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 459298 | 14618 | SH |  | SOLE | 0 | 14618 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1442132 | 1558 | SH |  | SOLE | 0 | 1558 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 443794 | 905 | SH |  | SOLE | 0 | 905 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 658155 | 8730 | SH |  | SOLE | 0 | 8730 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 870361 | 4390 | SH |  | SOLE | 0 | 4390 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1537735 | 13430 | SH |  | SOLE | 0 | 13430 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 251103 | 4105 | SH |  | SOLE | 0 | 4105 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 401196 | 1072 | SH |  | SOLE | 0 | 1072 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1474879 | 1933 | SH |  | SOLE | 0 | 1933 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2855394 | 25325 | SH |  | SOLE | 0 | 25325 | 0 | 0 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 |  | 5130885 | 117197 | SH |  | SOLE | 0 | 117197 | 0 | 0 |
| FLEXSHARES TR | IBOXX 3R TARGT | 33939L506 |  | 17983057 | 739131 | SH |  | SOLE | 0 | 739131 | 0 | 0 |
| FLEXSHARES TR | FLEXSHARES ULTRA | 33939L886 |  | 1548393 | 20473 | SH |  | SOLE | 0 | 20473 | 0 | 0 |
| FLEXSHARES TR | HIG YLD VL ETF | 33939L662 |  | 11742989 | 285024 | SH |  | SOLE | 0 | 285024 | 0 | 0 |
| FLEXSHARES TR | DISCP DUR MBS | 33939L779 |  | 6993378 | 335253 | SH |  | SOLE | 0 | 335253 | 0 | 0 |
| FLEXSHARES TR | CR SCD US BD | 33939L761 |  | 3888238 | 78949 | SH |  | SOLE | 0 | 78949 | 0 | 0 |
| FLEXSHARES TR | STOXX GLOBR INF | 33939L795 |  | 5100673 | 81066 | SH |  | SOLE | 0 | 81066 | 0 | 0 |
| FLEXSHARES TR | GLB QLT R/E IDX | 33939L787 |  | 4831780 | 79262 | SH |  | SOLE | 0 | 79262 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 214576 | 4380 | SH |  | SOLE | 0 | 4380 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 |  | 421632 | 12200 | SH |  | SOLE | 0 | 12200 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE CHINA | 35473P819 |  | 1106726 | 42550 | SH |  | SOLE | 0 | 42550 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE SOUTH KOREA | 35473P710 |  | 452757 | 16775 | SH |  | SOLE | 0 | 16775 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE TAIWAN | 35473P686 |  | 742935 | 12650 | SH |  | SOLE | 0 | 12650 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 403848 | 10297 | SH |  | SOLE | 0 | 10297 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 349252 | 1161 | SH |  | SOLE | 0 | 1161 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 358358 | 450 | SH |  | SOLE | 0 | 450 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 519560 | 12038 | SH |  | SOLE | 0 | 12038 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 220416 | 8960 | SH |  | SOLE | 0 | 8960 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1118324 | 2760 | SH |  | SOLE | 0 | 2760 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 689598 | 3276 | SH |  | SOLE | 0 | 3276 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 234850 | 7000 | SH |  | SOLE | 0 | 7000 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2106842 | 12505 | SH |  | SOLE | 0 | 12505 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 736438 | 2610 | SH |  | SOLE | 0 | 2610 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 345363 | 8300 | SH |  | SOLE | 0 | 8300 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 284344 | 5625 | SH |  | SOLE | 0 | 5625 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 419097 | 5225 | SH |  | SOLE | 0 | 5225 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 320400 | 4000 | SH |  | SOLE | 0 | 4000 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 613933 | 9650 | SH |  | SOLE | 0 | 9650 | 0 | 0 |
| ISHARES INC | MSCI FRANCE ETF | 464286707 |  | 410746 | 9350 | SH |  | SOLE | 0 | 9350 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 |  | 324535 | 5875 | SH |  | SOLE | 0 | 5875 | 0 | 0 |
| ISHARES INC | MSCI STH AFR ETF | 464286780 |  | 230760 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 634018 | 11873 | SH |  | SOLE | 0 | 11873 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 6362700 | 76696 | SH |  | SOLE | 0 | 76696 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2748917 | 28498 | SH |  | SOLE | 0 | 28498 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1571571 | 17585 | SH |  | SOLE | 0 | 17585 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 210525 | 2100 | SH |  | SOLE | 0 | 2100 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 12254369 | 128790 | SH |  | SOLE | 0 | 128790 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 11449417 | 95803 | SH |  | SOLE | 0 | 95803 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 201160 | 1889 | SH |  | SOLE | 0 | 1889 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1292913 | 23903 | SH |  | SOLE | 0 | 23903 | 0 | 0 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 782947 | 12810 | SH |  | SOLE | 0 | 12810 | 0 | 0 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 305892 | 3600 | SH |  | SOLE | 0 | 3600 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 1011266 | 19425 | SH |  | SOLE | 0 | 19425 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1221029 | 11435 | SH |  | SOLE | 0 | 11435 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 7141960 | 87966 | SH |  | SOLE | 0 | 87966 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 4263029 | 80389 | SH |  | SOLE | 0 | 80389 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 621736 | 10900 | SH |  | SOLE | 0 | 10900 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 537216 | 12800 | SH |  | SOLE | 0 | 12800 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 7538835 | 115520 | SH |  | SOLE | 0 | 115520 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 6668264 | 56116 | SH |  | SOLE | 0 | 56116 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2998800 | 32117 | SH |  | SOLE | 0 | 32117 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 1065750 | 21000 | SH |  | SOLE | 0 | 21000 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 981920 | 9500 | SH |  | SOLE | 0 | 9500 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 1142498 | 17350 | SH |  | SOLE | 0 | 17350 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 519265 | 3465 | SH |  | SOLE | 0 | 3465 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 780433 | 4209 | SH |  | SOLE | 0 | 4209 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 503351 | 4578 | SH |  | SOLE | 0 | 4578 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 5346854 | 16951 | SH |  | SOLE | 0 | 16951 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2106506 | 1953 | SH |  | SOLE | 0 | 1953 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 3068495 | 12210 | SH |  | SOLE | 0 | 12210 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 912326 | 4527 | SH |  | SOLE | 0 | 4527 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1411218 | 2481 | SH |  | SOLE | 0 | 2481 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 580734 | 1911 | SH |  | SOLE | 0 | 1911 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 482849 | 5753 | SH |  | SOLE | 0 | 5753 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3375210 | 4596 | SH |  | SOLE | 0 | 4596 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 959383 | 14939 | SH |  | SOLE | 0 | 14939 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9391987 | 18133 | SH |  | SOLE | 0 | 18133 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 854152 | 13673 | SH |  | SOLE | 0 | 13673 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 343066 | 720 | SH |  | SOLE | 0 | 720 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 335698 | 280 | SH |  | SOLE | 0 | 280 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 547378 | 7251 | SH |  | SOLE | 0 | 7251 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 209190 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 734502 | 2445 | SH |  | SOLE | 0 | 2445 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9618759 | 51553 | SH |  | SOLE | 0 | 51553 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2819431 | 10025 | SH |  | SOLE | 0 | 10025 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 218904 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 805724 | 3957 | SH |  | SOLE | 0 | 3957 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 477803 | 7125 | SH |  | SOLE | 0 | 7125 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 731131 | 5206 | SH |  | SOLE | 0 | 5206 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1484822 | 58274 | SH |  | SOLE | 0 | 58274 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 304125 | 1875 | SH |  | SOLE | 0 | 1875 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2122060 | 13811 | SH |  | SOLE | 0 | 13811 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 578326 | 5050 | SH |  | SOLE | 0 | 5050 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 685370 | 2980 | SH |  | SOLE | 0 | 2980 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1422640 | 8502 | SH |  | SOLE | 0 | 8502 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2188932 | 9236 | SH |  | SOLE | 0 | 9236 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 749535 | 7851 | SH |  | SOLE | 0 | 7851 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2718833 | 105750 | SH |  | SOLE | 0 | 105750 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 26668986 | 1145575 | SH |  | SOLE | 0 | 1145575 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 3163163 | 113375 | SH |  | SOLE | 0 | 113375 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 8073924 | 241952 | SH |  | SOLE | 0 | 241952 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 2630965 | 88764 | SH |  | SOLE | 0 | 88764 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 679570 | 16130 | SH |  | SOLE | 0 | 16130 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 2217070 | 18730 | SH |  | SOLE | 0 | 18730 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 918401 | 10531 | SH |  | SOLE | 0 | 10531 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 988087 | 11025 | SH |  | SOLE | 0 | 11025 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1942162 | 21739 | SH |  | SOLE | 0 | 21739 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 2343979 | 43512 | SH |  | SOLE | 0 | 43512 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 2110946 | 13687 | SH |  | SOLE | 0 | 13687 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 7582034 | 26900 | SH |  | SOLE | 0 | 26900 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 1228030 | 15670 | SH |  | SOLE | 0 | 15670 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2580034 | 18539 | SH |  | SOLE | 0 | 18539 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 2999326 | 12516 | SH |  | SOLE | 0 | 12516 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 334982 | 364 | SH |  | SOLE | 0 | 364 | 0 | 0 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 2652608 | 44800 | SH |  | SOLE | 0 | 44800 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 11836784 | 276625 | SH |  | SOLE | 0 | 276625 | 0 | 0 |
| SPDR INDEX SHS FDS | DJ GLB RL ES ETF | 78463X749 |  | 1136927 | 24840 | SH |  | SOLE | 0 | 24840 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 5191697 | 110910 | SH |  | SOLE | 0 | 110910 | 0 | 0 |
| SPDR INDEX SHS FDS | S GBLINF ETF | 78463X855 |  | 244957 | 3520 | SH |  | SOLE | 0 | 3520 | 0 | 0 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 |  | 1182010 | 40900 | SH |  | SOLE | 0 | 40900 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 1941209 | 72030 | SH |  | SOLE | 0 | 72030 | 0 | 0 |
| SPDR SERIES TRUST | PORT MTG BK ETF | 78464A383 |  | 3515877 | 156679 | SH |  | SOLE | 0 | 156679 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO LN COR | 78464A367 |  | 1057740 | 45750 | SH |  | SOLE | 0 | 45750 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 208962 | 2470 | SH |  | SOLE | 0 | 2470 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 916289 | 8093 | SH |  | SOLE | 0 | 8093 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 931688 | 2095 | SH |  | SOLE | 0 | 2095 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1777553 | 12298 | SH |  | SOLE | 0 | 12298 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 206197 | 4510 | SH |  | SOLE | 0 | 4510 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 257643 | 1090 | SH |  | SOLE | 0 | 1090 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 287322 | 5945 | SH |  | SOLE | 0 | 5945 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1028485 | 3134 | SH |  | SOLE | 0 | 3134 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 517072 | 5656 | SH |  | SOLE | 0 | 5656 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 592621 | 10938 | SH |  | SOLE | 0 | 10938 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 2082505 | 29179 | SH |  | SOLE | 0 | 29179 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 735197 | 3407 | SH |  | SOLE | 0 | 3407 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 262611 | 2001 | SH |  | SOLE | 0 | 2001 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 374897 | 1997 | SH |  | SOLE | 0 | 1997 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 408407 | 547 | SH |  | SOLE | 0 | 547 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 277305 | 700 | SH |  | SOLE | 0 | 700 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 201787 | 985 | SH |  | SOLE | 0 | 985 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 222646 | 1769 | SH |  | SOLE | 0 | 1769 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 290510 | 6610 | SH |  | SOLE | 0 | 6610 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2003383 | 19439 | SH |  | SOLE | 0 | 19439 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1442542 | 17210 | SH |  | SOLE | 0 | 17210 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 366617 | 3722 | SH |  | SOLE | 0 | 3722 | 0 | 0 |

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