# EDGAR Filing Document

**Accession Number:** 0001810558
**File Stem:** 0001172661-23-000305
**Filing Date:** 2023-1
**Character Count:** 21907
**Document Hash:** d8882a14d270441fa181b0fe643c635c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000305.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001172661-23-000305

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inspire Advisors, LLC
- **CENTRAL INDEX KEY:** 0001810558
- **IRS NUMBER:** 833041859
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20763
- **FILM NUMBER:** 23556995

**BUSINESS ADDRESS:**
- **STREET 1:** 3597 E. MONARCH SKY LN.
- **STREET 2:** SUITE 330
- **CITY:** MERIDIAN
- **STATE:** ID
- **ZIP:** 83646
- **BUSINESS PHONE:** 208-994-0891

**MAIL ADDRESS:**
- **STREET 1:** 3597 E. MONARCH SKY LN.
- **STREET 2:** SUITE 330
- **CITY:** MERIDIAN
- **STATE:** ID
- **ZIP:** 83646

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Inspire Advisors LLC<br>**Address:** 3597 E. Monarch Sky Ln.<br>Suite 330<br>Meridian, ID 83646

**Form 13F File Number:** 028-20763

**CRD Number (if applicable):** 000300279

**SEC File Number (if applicable):** 801-114673

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:** Aaron Moon<br>**Title:** Chief Compliance Officer/Investment Adviser Representative<br>**Phone:** 208-994-0846

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

/s/ Aaron Moon  Meridian, ID  01-26-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 1

**Form 13F Information Table Entry Total:** 185

**Form 13F Information Table Value Total:** $396229723

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                  | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Inspire Investing LLC | 028-18624              |    000171988 | 801-108947        |

### 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 |
| 3-D SYS CORP DEL | COM NEW | 88554D205 |  | 75524 | 10206 | SH |  | SOLE |  | 0 | 0 | 10206 |
| 8X8 INC NEW | COM | 282914100 |  | 84600 | 19583 | SH |  | SOLE |  | 0 | 0 | 19583 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 254066 | 14543 | SH |  | SOLE |  | 0 | 0 | 14543 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 280049 | 4802 | SH |  | SOLE |  | 0 | 0 | 4802 |
| AES CORP | COM | 00130H105 |  | 258442 | 8986 | SH |  | SOLE |  | 0 | 0 | 8986 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 205616 | 971 | SH |  | SOLE |  | 0 | 0 | 971 |
| AMETEK INC | COM | 031100100 |  | 1005984 | 7200 | SH |  | SOLE |  | 0 | 0 | 7200 |
| ANALOG DEVICES INC | COM | 032654105 |  | 343480 | 2094 | SH |  | SOLE |  | 0 | 0 | 2094 |
| AON PLC | SHS CL A | G0403H108 |  | 237111 | 790 | SH |  | SOLE |  | 0 | 0 | 790 |
| APPLE INC | COM | 037833100 |  | 1255557 | 9663 | SH |  | SOLE |  | 0 | 0 | 9663 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 279246 | 4448 | SH |  | SOLE |  | 0 | 0 | 4448 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 531190 | 17885 | SH |  | SOLE |  | 0 | 0 | 17885 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 240154 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| AXCELIS TECHNOLOGIES INC | COM NEW | 054540208 |  | 891262 | 11231 | SH |  | SOLE |  | 0 | 0 | 11231 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 242548 | 8214 | SH |  | SOLE |  | 0 | 0 | 8214 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 53044 | 18418 | SH |  | SOLE |  | 0 | 0 | 18418 |
| BANK OF NT BUTTERFIELD L | SHS NEW | G0772R208 |  | 442145 | 14832 | SH |  | SOLE |  | 0 | 0 | 14832 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 209941 | 4982 | SH |  | SOLE |  | 0 | 0 | 4982 |
| BEAM GLOBAL | COM | 07373B109 |  | 266959 | 15281 | SH |  | SOLE |  | 0 | 0 | 15281 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 644057 | 2085 | SH |  | SOLE |  | 0 | 0 | 2085 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 348319 | 5614 | SH |  | SOLE |  | 0 | 0 | 5614 |
| BIONANO GENOMICS INC | COM | 09075F107 |  | 536830 | 367692 | SH |  | SOLE |  | 0 | 0 | 367692 |
| BLOCK H  R INC | COM | 093671105 |  | 464761 | 12730 | SH |  | SOLE |  | 0 | 0 | 12730 |
| BOEING CO | COM | 097023105 |  | 443461 | 2328 | SH |  | SOLE |  | 0 | 0 | 2328 |
| BORGWARNER INC | COM | 099724106 |  | 495053 | 12299 | SH |  | SOLE |  | 0 | 0 | 12299 |
| BRF SA | SPONSORED ADR | 10552T107 |  | 39533 | 25021 | SH |  | SOLE |  | 0 | 0 | 25021 |
| BRINKER INTL INC | COM | 109641100 |  | 470870 | 14756 | SH |  | SOLE |  | 0 | 0 | 14756 |
| BROOKDALE SR LIVING INC | COM | 112463104 |  | 56783 | 20800 | SH |  | SOLE |  | 0 | 0 | 20800 |
| BURLINGTON STORES INC | COM | 122017106 |  | 296262 | 1461 | SH |  | SOLE |  | 0 | 0 | 1461 |
| CABOT CORP | COM | 127055101 |  | 454342 | 6797 | SH |  | SOLE |  | 0 | 0 | 6797 |
| CANON INC | SPONSORED ADR | 138006309 |  | 227628 | 10499 | SH |  | SOLE |  | 0 | 0 | 10499 |
| CAPITAL GROUP FIXED INCOME E | CORE PLUS INCM | 14020Y102 |  | 328229 | 14732 | SH |  | SOLE |  | 0 | 0 | 14732 |
| CATERPILLAR INC | COM | 149123101 |  | 1723401 | 7194 | SH |  | SOLE |  | 0 | 0 | 7194 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 56324 | 13907 | SH |  | SOLE |  | 0 | 0 | 13907 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 306495 | 10220 | SH |  | SOLE |  | 0 | 0 | 10220 |
| CF INDS HLDGS INC | COM | 125269100 |  | 408751 | 4798 | SH |  | SOLE |  | 0 | 0 | 4798 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 247432 | 1961 | SH |  | SOLE |  | 0 | 0 | 1961 |
| CHEVRON CORP NEW | COM | 166764100 |  | 941592 | 5246 | SH |  | SOLE |  | 0 | 0 | 5246 |
| CINTAS CORP | COM | 172908105 |  | 230451 | 510 | SH |  | SOLE |  | 0 | 0 | 510 |
| CITIUS PHARMACEUTICALS INC | COM NEW | 17322U207 |  | 154797 | 195946 | SH |  | SOLE |  | 0 | 0 | 195946 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 |  | 630143 | 11040 | SH |  | SOLE |  | 0 | 0 | 11040 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 202192 | 3535 | SH |  | SOLE |  | 0 | 0 | 3535 |
| COHU INC | COM | 192576106 |  | 769770 | 24018 | SH |  | SOLE |  | 0 | 0 | 24018 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 518256 | 10730 | SH |  | SOLE |  | 0 | 0 | 10730 |
| COMPANHIA SIDERURGICA NACION | SPONSORED ADR | 20440W105 |  | 57631 | 20881 | SH |  | SOLE |  | 0 | 0 | 20881 |
| COTERRA ENERGY INC | COM | 127097103 |  | 435550 | 17727 | SH |  | SOLE |  | 0 | 0 | 17727 |
| D R HORTON INC | COM | 23331A109 |  | 274131 | 3075 | SH |  | SOLE |  | 0 | 0 | 3075 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 444577 | 7228 | SH |  | SOLE |  | 0 | 0 | 7228 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 |  | 172709 | 21088 | SH |  | SOLE |  | 0 | 0 | 21088 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 249052 | 10257 | SH |  | SOLE |  | 0 | 0 | 10257 |
| DINE BRANDS GLOBAL INC | COM | 254423106 |  | 510534 | 7903 | SH |  | SOLE |  | 0 | 0 | 7903 |
| DIREXION SHS ETF TR | DLY S BR 1X | 25460E869 |  | 4584617 | 277687 | SH |  | SOLE |  | 0 | 0 | 277687 |
| DOCUSIGN INC | COM | 256163106 |  | 240024 | 4331 | SH |  | SOLE |  | 0 | 0 | 4331 |
| DUTCH BROS INC | CL A | 26701L100 |  | 232342 | 8242 | SH |  | SOLE |  | 0 | 0 | 8242 |
| ENCORE WIRE CORP | COM | 292562105 |  | 304695 | 2215 | SH |  | SOLE |  | 0 | 0 | 2215 |
| ENEL CHILE S.A. | SPONSORED ADR | 29278D105 |  | 76538 | 34017 | SH |  | SOLE |  | 0 | 0 | 34017 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 268634 | 9373 | SH |  | SOLE |  | 0 | 0 | 9373 |
| EOG RES INC | COM | 26875P101 |  | 791505 | 6111 | SH |  | SOLE |  | 0 | 0 | 6111 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 234045 | 6536 | SH |  | SOLE |  | 0 | 0 | 6536 |
| ERICSSON | ADR B SEK 10 | 294821608 |  | 81887 | 14022 | SH |  | SOLE |  | 0 | 0 | 14022 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1237914 | 11223 | SH |  | SOLE |  | 0 | 0 | 11223 |
| FERGUSON PLC NEW | SHS | G3421J106 |  | 263725 | 2077 | SH |  | SOLE |  | 0 | 0 | 2077 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 271343 | 7141 | SH |  | SOLE |  | 0 | 0 | 7141 |
| FULLER H B CO | COM | 359694106 |  | 470363 | 6567 | SH |  | SOLE |  | 0 | 0 | 6567 |
| GARMIN LTD | SHS | H2906T109 |  | 414786 | 4494 | SH |  | SOLE |  | 0 | 0 | 4494 |
| GARTNER INC | COM | 366651107 |  | 243285 | 724 | SH |  | SOLE |  | 0 | 0 | 724 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 65835 | 11884 | SH |  | SOLE |  | 0 | 0 | 11884 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 728388 | 7334 | SH |  | SOLE |  | 0 | 0 | 7334 |
| GOODRX HLDGS INC | COM CL A | 38246G108 |  | 156725 | 33632 | SH |  | SOLE |  | 0 | 0 | 33632 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 513365 | 50578 | SH |  | SOLE |  | 0 | 0 | 50578 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 513951 | 23099 | SH |  | SOLE |  | 0 | 0 | 23099 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 504109 | 20805 | SH |  | SOLE |  | 0 | 0 | 20805 |
| GREENPOWER MTR CO INC | COM NEW | 39540E302 |  | 18771 | 10850 | SH |  | SOLE |  | 0 | 0 | 10850 |
| GREIF INC | CL A | 397624107 |  | 472786 | 7050 | SH |  | SOLE |  | 0 | 0 | 7050 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 |  | 56549 | 22351 | SH |  | SOLE |  | 0 | 0 | 22351 |
| HONEYWELL INTL INC | COM | 438516106 |  | 263280 | 1229 | SH |  | SOLE |  | 0 | 0 | 1229 |
| HORMEL FOODS CORP | COM | 440452100 |  | 295626 | 6490 | SH |  | SOLE |  | 0 | 0 | 6490 |
| ICL GROUP LTD | SHS | M53213100 |  | 200319 | 27403 | SH |  | SOLE |  | 0 | 0 | 27403 |
| IDACORP INC | COM | 451107106 |  | 283969 | 2633 | SH |  | SOLE |  | 0 | 0 | 2633 |
| IDEXX LABS INC | COM | 45168D104 |  | 224112 | 549 | SH |  | SOLE |  | 0 | 0 | 549 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 285063 | 1294 | SH |  | SOLE |  | 0 | 0 | 1294 |
| INGEVITY CORP | COM | 45688C107 |  | 440926 | 6260 | SH |  | SOLE |  | 0 | 0 | 6260 |
| INMODE LTD | SHS | M5425M103 |  | 337222 | 9446 | SH |  | SOLE |  | 0 | 0 | 9446 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 247086 | 3415 | SH |  | SOLE |  | 0 | 0 | 3415 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 229817 | 2240 | SH |  | SOLE |  | 0 | 0 | 2240 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 203465 | 5875 | SH |  | SOLE |  | 0 | 0 | 5875 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 246803 | 930 | SH |  | SOLE |  | 0 | 0 | 930 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 598476 | 4237 | SH |  | SOLE |  | 0 | 0 | 4237 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 214243 | 1046 | SH |  | SOLE |  | 0 | 0 | 1046 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 307876 | 3253 | SH |  | SOLE |  | 0 | 0 | 3253 |
| ISHARES TR | CORE S ETF | 464287200 |  | 512120 | 1333 | SH |  | SOLE |  | 0 | 0 | 1333 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 19525227 | 387328 | SH |  | SOLE |  | 0 | 0 | 387328 |
| JABIL INC | COM | 466313103 |  | 831166 | 12187 | SH |  | SOLE |  | 0 | 0 | 12187 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 550808 | 23419 | SH |  | SOLE |  | 0 | 0 | 23419 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 532976 | 29479 | SH |  | SOLE |  | 0 | 0 | 29479 |
| KLA CORP | COM NEW | 482480100 |  | 825917 | 2191 | SH |  | SOLE |  | 0 | 0 | 2191 |
| LAZARD LTD | SHS A | G54050102 |  | 512283 | 14776 | SH |  | SOLE |  | 0 | 0 | 14776 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 472260 | 14653 | SH |  | SOLE |  | 0 | 0 | 14653 |
| LG DISPLAY CO LTD | SPONS ADR REP | 50186V102 |  | 50608 | 10203 | SH |  | SOLE |  | 0 | 0 | 10203 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 458369 | 942 | SH |  | SOLE |  | 0 | 0 | 942 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 240880 | 2901 | SH |  | SOLE |  | 0 | 0 | 2901 |
| MARATHON DIGITAL HOLDINGS IN | COM | 565788106 |  | 87381 | 25550 | SH |  | SOLE |  | 0 | 0 | 25550 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 448973 | 3336 | SH |  | SOLE |  | 0 | 0 | 3336 |
| MERCURY GENL CORP NEW | COM | 589400100 |  | 555156 | 16233 | SH |  | SOLE |  | 0 | 0 | 16233 |
| MICROSOFT CORP | COM | 594918104 |  | 214626 | 895 | SH |  | SOLE |  | 0 | 0 | 895 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 718958 | 2033 | SH |  | SOLE |  | 0 | 0 | 2033 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 243600 | 2399 | SH |  | SOLE |  | 0 | 0 | 2399 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 |  | 562046 | 65354 | SH |  | SOLE |  | 0 | 0 | 65354 |
| NEWELL BRANDS INC | COM | 651229106 |  | 459386 | 35121 | SH |  | SOLE |  | 0 | 0 | 35121 |
| NEWMONT CORP | COM | 651639106 |  | 243962 | 5169 | SH |  | SOLE |  | 0 | 0 | 5169 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 201380 | 2409 | SH |  | SOLE |  | 0 | 0 | 2409 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 24488478 | 817918 | SH |  | SOLE |  | 0 | 0 | 817918 |
| NORTHERN LTS FD TR IV | INSPIRE CORP BD | 66538H633 |  | 60974121 | 2646446 | SH |  | SOLE |  | 0 | 0 | 2646446 |
| NORTHERN LTS FD TR IV | INSPIRE SML/ MID | 66538H641 |  | 23000090 | 763869 | SH |  | SOLE |  | 0 | 0 | 763869 |
| NORTHERN LTS FD TR IV | INSPIRE GBL HOPE | 66538H658 |  | 30903125 | 988900 | SH |  | SOLE |  | 0 | 0 | 988900 |
| NORTHERN LTS FD TR IV | INSPIRE FAITH MD | 66538H369 |  | 349497 | 15525 | SH |  | SOLE |  | 0 | 0 | 15525 |
| NORTHERN LTS FD TR IV | INSPIRE INTL ETF | 66538H419 |  | 31374914 | 1203487 | SH |  | SOLE |  | 0 | 0 | 1203487 |
| NORTHERN LTS FD TR IV | INSPIRE FIDELIS | 66538H187 |  | 11526942 | 469271 | SH |  | SOLE |  | 0 | 0 | 469271 |
| NORTHERN LTS FD TR IV | INSPIRE TACTICAL | 66538H393 |  | 96697463 | 4184733 | SH |  | SOLE |  | 0 | 0 | 4184733 |
| NORTHWEST BANCSHARES INC MD | COM | 667340103 |  | 500840 | 35825 | SH |  | SOLE |  | 0 | 0 | 35825 |
| NORTHWESTERN CORP | COM NEW | 668074305 |  | 575509 | 9699 | SH |  | SOLE |  | 0 | 0 | 9699 |
| NUCOR CORP | COM | 670346105 |  | 409472 | 3107 | SH |  | SOLE |  | 0 | 0 | 3107 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 556346 | 3807 | SH |  | SOLE |  | 0 | 0 | 3807 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 228781 | 1448 | SH |  | SOLE |  | 0 | 0 | 1448 |
| OGE ENERGY CORP | COM | 670837103 |  | 559326 | 14142 | SH |  | SOLE |  | 0 | 0 | 14142 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 452522 | 8548 | SH |  | SOLE |  | 0 | 0 | 8548 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 713268 | 11436 | SH |  | SOLE |  | 0 | 0 | 11436 |
| ONEOK INC NEW | COM | 682680103 |  | 617459 | 9398 | SH |  | SOLE |  | 0 | 0 | 9398 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 248858 | 295 | SH |  | SOLE |  | 0 | 0 | 295 |
| PACCAR INC | COM | 693718108 |  | 242205 | 2447 | SH |  | SOLE |  | 0 | 0 | 2447 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 96249 | 14992 | SH |  | SOLE |  | 0 | 0 | 14992 |
| PENTAIR PLC | SHS | G7S00T104 |  | 281816 | 6265 | SH |  | SOLE |  | 0 | 0 | 6265 |
| PHOTRONICS INC | COM | 719405102 |  | 769615 | 45729 | SH |  | SOLE |  | 0 | 0 | 45729 |
| PHYSICIANS RLTY TR | COM | 71943U104 |  | 185688 | 12833 | SH |  | SOLE |  | 0 | 0 | 12833 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 673013 | 8851 | SH |  | SOLE |  | 0 | 0 | 8851 |
| PRECIGEN INC | COM | 74017N105 |  | 71560 | 47079 | SH |  | SOLE |  | 0 | 0 | 47079 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 123614 | 17684 | SH |  | SOLE |  | 0 | 0 | 17684 |
| PUBLIC STORAGE | COM | 74460D109 |  | 292796 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 1936553 | 38840 | SH |  | SOLE |  | 0 | 0 | 38840 |
| REALTY INCOME CORP | COM | 756109104 |  | 290336 | 4577 | SH |  | SOLE |  | 0 | 0 | 4577 |
| RELIANCE STEEL  ALUMINUM CO | COM | 759509102 |  | 498534 | 2463 | SH |  | SOLE |  | 0 | 0 | 2463 |
| RENT A CTR INC NEW | COM | 76009N100 |  | 568076 | 25192 | SH |  | SOLE |  | 0 | 0 | 25192 |
| RESMED INC | COM | 761152107 |  | 205487 | 987 | SH |  | SOLE |  | 0 | 0 | 987 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 331293 | 4653 | SH |  | SOLE |  | 0 | 0 | 4653 |
| RYANAIR HOLDINGS PLC | SPONSORED ADS | 783513203 |  | 246839 | 3302 | SH |  | SOLE |  | 0 | 0 | 3302 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 181991 | 14641 | SH |  | SOLE |  | 0 | 0 | 14641 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 300657 | 5624 | SH |  | SOLE |  | 0 | 0 | 5624 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 1284224 | 26622 | SH |  | SOLE |  | 0 | 0 | 26622 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 3870669 | 78624 | SH |  | SOLE |  | 0 | 0 | 78624 |
| SENSEONICS HLDGS INC | COM | 81727U105 |  | 23240 | 22563 | SH |  | SOLE |  | 0 | 0 | 22563 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 292858 | 1234 | SH |  | SOLE |  | 0 | 0 | 1234 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 265069 | 2256 | SH |  | SOLE |  | 0 | 0 | 2256 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 265733 | 9882 | SH |  | SOLE |  | 0 | 0 | 9882 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 706006 | 11691 | SH |  | SOLE |  | 0 | 0 | 11691 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 312198 | 8028 | SH |  | SOLE |  | 0 | 0 | 8028 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 278496 | 6192 | SH |  | SOLE |  | 0 | 0 | 6192 |
| SPS COMM INC | COM | 78463M107 |  | 760679 | 5923 | SH |  | SOLE |  | 0 | 0 | 5923 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 242171 | 6808 | SH |  | SOLE |  | 0 | 0 | 6808 |
| STORE CAP CORP | COM | 862121100 |  | 238148 | 7428 | SH |  | SOLE |  | 0 | 0 | 7428 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 328268 | 40931 | SH |  | SOLE |  | 0 | 0 | 40931 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 212928 | 6711 | SH |  | SOLE |  | 0 | 0 | 6711 |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 |  | 171195 | 17722 | SH |  | SOLE |  | 0 | 0 | 17722 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 896641 | 10921 | SH |  | SOLE |  | 0 | 0 | 10921 |
| SYLVAMO CORP | COMMON STOCK | 871332102 |  | 336779 | 6931 | SH |  | SOLE |  | 0 | 0 | 6931 |
| TARGET CORP | COM | 87612E106 |  | 226894 | 1522 | SH |  | SOLE |  | 0 | 0 | 1522 |
| TARO PHARMACEUTICAL INDS LTD | SHS | M8737E108 |  | 226936 | 7815 | SH |  | SOLE |  | 0 | 0 | 7815 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 621300 | 20471 | SH |  | SOLE |  | 0 | 0 | 20471 |
| TECHNIPFMC PLC | COM | G87110105 |  | 299849 | 24598 | SH |  | SOLE |  | 0 | 0 | 24598 |
| TEMPUR SEALY INTL INC | COM | 88023U101 |  | 522813 | 15229 | SH |  | SOLE |  | 0 | 0 | 15229 |
| TFS FINL CORP | COM | 87240R107 |  | 552692 | 38355 | SH |  | SOLE |  | 0 | 0 | 38355 |
| THERATECHNOLOGIES INC | COM | 88338H100 |  | 28474 | 32254 | SH |  | SOLE |  | 0 | 0 | 32254 |
| ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 90400P101 |  | 52823 | 21828 | SH |  | SOLE |  | 0 | 0 | 21828 |
| UMPQUA HLDGS CORP | COM | 904214103 |  | 497660 | 27880 | SH |  | SOLE |  | 0 | 0 | 27880 |
| UNION PAC CORP | COM | 907818108 |  | 251257 | 1213 | SH |  | SOLE |  | 0 | 0 | 1213 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 594596 | 1121 | SH |  | SOLE |  | 0 | 0 | 1121 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 172570 | 10169 | SH |  | SOLE |  | 0 | 0 | 10169 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 575748 | 4538 | SH |  | SOLE |  | 0 | 0 | 4538 |
| VALVOLINE INC | COM | 92047W101 |  | 598918 | 18344 | SH |  | SOLE |  | 0 | 0 | 18344 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 265603 | 1389 | SH |  | SOLE |  | 0 | 0 | 1389 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1300242 | 28564 | SH |  | SOLE |  | 0 | 0 | 28564 |
| VICINITY MOTOR CORP | COM | 925654105 |  | 10358 | 10790 | SH |  | SOLE |  | 0 | 0 | 10790 |
| WESTERN UN CO | COM | 959802109 |  | 496970 | 36091 | SH |  | SOLE |  | 0 | 0 | 36091 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 416187 | 7897 | SH |  | SOLE |  | 0 | 0 | 7897 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 20526630 | 408328 | SH |  | SOLE |  | 0 | 0 | 408328 |
| WP CAREY INC | COM | 92936U109 |  | 363187 | 4647 | SH |  | SOLE |  | 0 | 0 | 4647 |

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