# EDGAR Filing Document

**Accession Number:** 0001845066
**File Stem:** 0001845066-26-000001
**Filing Date:** 2026-1
**Character Count:** 19797
**Document Hash:** aa32fdef87af0b317ef044b761d0af94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001845066-26-000001.hdr.sgml**: 20260106

**ACCESSION NUMBER**: 0001845066-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260106

**DATE AS OF CHANGE**: 20260106

**EFFECTIVENESS DATE**: 20260106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLLECTIVE FAMILY OFFICE LLC
- **CENTRAL INDEX KEY:** 0001845066

**ORGANIZATION NAME:**
- **EIN:** 833846867
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20708
- **FILM NUMBER:** 26512232

**BUSINESS ADDRESS:**
- **STREET 1:** 235 ST. CHARLES WAY, STE. 200
- **CITY:** YORK
- **STATE:** PA
- **ZIP:** 17402
- **BUSINESS PHONE:** 717-893-5055

**MAIL ADDRESS:**
- **STREET 1:** 235 ST. CHARLES WAY, STE. 200
- **CITY:** YORK
- **STATE:** PA
- **ZIP:** 17402

### 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:** COLLECTIVE FAMILY OFFICE LLC<br>**Address:** 235 ST. CHARLES WAY STE. 200<br>YORK, PA 17402

**Form 13F File Number:** 028-20708

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:** Trevor N. Hoffman<br>**Title:** CCO/COO<br>**Phone:** 717-893-5055

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

Trevor N. Hoffman  York, PA  01-06-2026<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:** 156

**Form 13F Information Table Value Total:** $435858537

      (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 |  | 272130 | 2172 | SH |  | SOLE | 0 | 404 | 0 | 1768 |
| ABBVIE INC | COM | 00287Y109 |  | 1238873 | 5422 | SH |  | SOLE | 0 | 219 | 0 | 5203 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 813462 | 2592 | SH |  | SOLE | 0 | 34 | 0 | 2558 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3017099 | 9639 | SH |  | SOLE | 0 | 600 | 0 | 9039 |
| AMAZON COM INC | COM | 023135106 |  | 1809629 | 7840 | SH |  | SOLE | 0 | 300 | 0 | 7540 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 12591267 | 123468 | SH |  | SOLE | 0 | 0 | 0 | 123468 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 1294971 | 11585 | SH |  | SOLE | 0 | 0 | 0 | 11585 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 2283804 | 27743 | SH |  | SOLE | 0 | 0 | 0 | 27743 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 12657853 | 134701 | SH |  | SOLE | 0 | 200 | 0 | 134501 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 8138318 | 105665 | SH |  | SOLE | 0 | 0 | 0 | 105665 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 13361812 | 176347 | SH |  | SOLE | 0 | 1066 | 0 | 175281 |
| AMERICAN CENTY ETF TR | REAL ESTATE ETF | 025072356 |  | 4683697 | 107597 | SH |  | SOLE | 0 | 477 | 0 | 107120 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 4996998 | 70153 | SH |  | SOLE | 0 | 3153 | 0 | 67000 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 240224 | 2808 | SH |  | SOLE | 0 | 0 | 0 | 2808 |
| APPLE INC | COM | 037833100 |  | 3451549 | 12696 | SH |  | SOLE | 0 | 1046 | 0 | 11650 |
| BANK AMERICA CORP | COM | 060505104 |  | 304932 | 5544 | SH |  | SOLE | 0 | 0 | 0 | 5544 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 656964 | 1307 | SH |  | SOLE | 0 | 0 | 0 | 1307 |
| BNY MELLON ETF TRUST | CORE BOND ETF | 09661T602 |  | 1590810 | 37534 | SH |  | SOLE | 0 | 0 | 0 | 37534 |
| BNY MELLON ETF TRUST | US LRG CP CORE | 09661T107 |  | 1997316 | 15270 | SH |  | SOLE | 0 | 0 | 0 | 15270 |
| BROADCOM INC | COM | 11135F101 |  | 773880 | 2236 | SH |  | SOLE | 0 | 28 | 0 | 2208 |
| CHEVRON CORP NEW | COM | 166764100 |  | 721668 | 4735 | SH |  | SOLE | 0 | 385 | 0 | 4350 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 619160 | 718 | SH |  | SOLE | 0 | 38 | 0 | 680 |
| CSX CORP | COM | 126408103 |  | 325960 | 8992 | SH |  | SOLE | 0 | 0 | 0 | 8992 |
| DEERE  CO | COM | 244199105 |  | 351971 | 756 | SH |  | SOLE | 0 | 0 | 0 | 756 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 427237 | 3394 | SH |  | SOLE | 0 | 0 | 0 | 3394 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 290732 | 7937 | SH |  | SOLE | 0 | 0 | 0 | 7937 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 901506 | 23655 | SH |  | SOLE | 0 | 0 | 0 | 23655 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 14462122 | 444032 | SH |  | SOLE | 0 | 1198 | 0 | 442834 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 1278480 | 32293 | SH |  | SOLE | 0 | 0 | 0 | 32293 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 6474154 | 92926 | SH |  | SOLE | 0 | 809 | 0 | 92117 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 336877 | 5658 | SH |  | SOLE | 0 | 0 | 0 | 5658 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 2704680 | 54202 | SH |  | SOLE | 0 | 3938 | 0 | 50264 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 11146762 | 261907 | SH |  | SOLE | 0 | 0 | 0 | 261907 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 5749282 | 119354 | SH |  | SOLE | 0 | 0 | 0 | 119354 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 6691964 | 203465 | SH |  | SOLE | 0 | 5849 | 0 | 197616 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 8264430 | 217485 | SH |  | SOLE | 0 | 0 | 0 | 217485 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 7765177 | 235737 | SH |  | SOLE | 0 | 0 | 0 | 235737 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 646064 | 13867 | SH |  | SOLE | 0 | 0 | 0 | 13867 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 |  | 583750 | 22095 | SH |  | SOLE | 0 | 0 | 0 | 22095 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 3592324 | 105008 | SH |  | SOLE | 0 | 0 | 0 | 105008 |
| DOUGLAS ELLIMAN INC | COM | 25961D105 |  | 37920 | 16000 | SH |  | SOLE | 0 | 0 | 0 | 16000 |
| EATON CORP PLC | SHS | G29183103 |  | 616954 | 1937 | SH |  | SOLE | 0 | 10 | 0 | 1927 |
| ELI LILLY  CO | COM | 532457108 |  | 1073605 | 999 | SH |  | SOLE | 0 | 3 | 0 | 996 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 281275 | 6847 | SH |  | SOLE | 0 | 0 | 0 | 6847 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 343089 | 2851 | SH |  | SOLE | 0 | 0 | 0 | 2851 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 11485480 | 607376 | SH |  | SOLE | 0 | 6394 | 0 | 600982 |
| GOLDMAN SACHS ETF TR | S 500 PREMIUM | 38149W622 |  | 567600 | 10750 | SH |  | SOLE | 0 | 0 | 0 | 10750 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 323511 | 4807 | SH |  | SOLE | 0 | 0 | 0 | 4807 |
| HOME DEPOT INC | COM | 437076102 |  | 582188 | 1692 | SH |  | SOLE | 0 | 389 | 0 | 1303 |
| IMMUNITYBIO INC | COM | 45256X103 |  | 310523 | 156830 | SH |  | SOLE | 0 | 0 | 0 | 156830 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 |  | 17167457 | 735538 | SH |  | SOLE | 0 | 12132 | 0 | 723406 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2027 | 46138J585 |  | 5459933 | 241434 | SH |  | SOLE | 0 | 0 | 0 | 241434 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 828305 | 4324 | SH |  | SOLE | 0 | 0 | 0 | 4324 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 487100 | 793 | SH |  | SOLE | 0 | 0 | 0 | 793 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1161534 | 17599 | SH |  | SOLE | 0 | 0 | 0 | 17599 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 763744 | 6355 | SH |  | SOLE | 0 | 740 | 0 | 5615 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2167835 | 3165 | SH |  | SOLE | 0 | 0 | 0 | 3165 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 797189 | 3790 | SH |  | SOLE | 0 | 0 | 0 | 3790 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 433543 | 916 | SH |  | SOLE | 0 | 0 | 0 | 916 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1060788 | 4309 | SH |  | SOLE | 0 | 0 | 0 | 4309 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 1342556 | 13093 | SH |  | SOLE | 0 | 300 | 0 | 12793 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 702157 | 4181 | SH |  | SOLE | 0 | 0 | 0 | 4181 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 790903 | 8236 | SH |  | SOLE | 0 | 0 | 0 | 8236 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 474281 | 8669 | SH |  | SOLE | 0 | 0 | 0 | 8669 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 4771188 | 66814 | SH |  | SOLE | 0 | 2500 | 0 | 64314 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 877184 | 7700 | SH |  | SOLE | 0 | 0 | 0 | 7700 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 459568 | 12078 | SH |  | SOLE | 0 | 0 | 0 | 12078 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 2736341 | 109673 | SH |  | SOLE | 0 | 0 | 0 | 109673 |
| ISHARES TR | FUTURE EXPONENTI | 46434V381 |  | 328685 | 4713 | SH |  | SOLE | 0 | 0 | 0 | 4713 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 1770034 | 14555 | SH |  | SOLE | 0 | 0 | 0 | 14555 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 540667 | 5742 | SH |  | SOLE | 0 | 0 | 0 | 5742 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 2926936 | 34581 | SH |  | SOLE | 0 | 800 | 0 | 33781 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2512574 | 28086 | SH |  | SOLE | 0 | 1639 | 0 | 26447 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 2027706 | 19944 | SH |  | SOLE | 0 | 0 | 0 | 19944 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 10209246 | 329756 | SH |  | SOLE | 0 | 2851 | 0 | 326905 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 1243346 | 31517 | SH |  | SOLE | 0 | 0 | 0 | 31517 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1657634 | 15476 | SH |  | SOLE | 0 | 2787 | 0 | 12689 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 372764 | 4808 | SH |  | SOLE | 0 | 0 | 0 | 4808 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 701019 | 6570 | SH |  | SOLE | 0 | 0 | 0 | 6570 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 35921559 | 711318 | SH |  | SOLE | 0 | 10997 | 0 | 700321 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 525860 | 2541 | SH |  | SOLE | 0 | 623 | 0 | 1918 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1075893 | 3339 | SH |  | SOLE | 0 | 758 | 0 | 2581 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 264213 | 900 | SH |  | SOLE | 0 | 0 | 0 | 900 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 263275 | 1538 | SH |  | SOLE | 0 | 28 | 0 | 1510 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 243286 | 503 | SH |  | SOLE | 0 | 0 | 0 | 503 |
| M  T BK CORP | COM | 55261F104 |  | 356821 | 1771 | SH |  | SOLE | 0 | 0 | 0 | 1771 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 289537 | 465 | SH |  | SOLE | 0 | 0 | 0 | 465 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 919117 | 1610 | SH |  | SOLE | 0 | 0 | 0 | 1610 |
| MERCK  CO INC | COM | 58933Y105 |  | 331127 | 3146 | SH |  | SOLE | 0 | 17 | 0 | 3129 |
| META PLATFORMS INC | CL A | 30303M102 |  | 436319 | 661 | SH |  | SOLE | 0 | 7 | 0 | 654 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 392724 | 1376 | SH |  | SOLE | 0 | 0 | 0 | 1376 |
| MICROSOFT CORP | COM | 594918104 |  | 3072921 | 6354 | SH |  | SOLE | 0 | 621 | 0 | 5733 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2400255 | 12870 | SH |  | SOLE | 0 | 0 | 0 | 12870 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 4307735 | 86867 | SH |  | SOLE | 0 | 624 | 0 | 86243 |
| PGIM ETF TR | AAA CLO ETF | 69344A834 |  | 1380381 | 26929 | SH |  | SOLE | 0 | 200 | 0 | 26729 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 254574 | 1220 | SH |  | SOLE | 0 | 0 | 0 | 1220 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 |  | 583158 | 29527 | SH |  | SOLE | 0 | 0 | 0 | 29527 |
| QUALCOMM INC | COM | 747525103 |  | 305837 | 1788 | SH |  | SOLE | 0 | 0 | 0 | 1788 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 463784 | 2888 | SH |  | SOLE | 0 | 0 | 0 | 2888 |
| RTX CORPORATION | COM | 75513E101 |  | 296741 | 1618 | SH |  | SOLE | 0 | 15 | 0 | 1603 |
| SALESFORCE INC | COM | 79466L302 |  | 278685 | 1052 | SH |  | SOLE | 0 | 150 | 0 | 902 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 843016 | 25702 | SH |  | SOLE | 0 | 0 | 0 | 25702 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 2962303 | 107995 | SH |  | SOLE | 0 | 0 | 0 | 107995 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1736656 | 57754 | SH |  | SOLE | 0 | 0 | 0 | 57754 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 625160 | 26005 | SH |  | SOLE | 0 | 0 | 0 | 26005 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 266140 | 9890 | SH |  | SOLE | 0 | 0 | 0 | 9890 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1134303 | 39828 | SH |  | SOLE | 0 | 0 | 0 | 39828 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 235908 | 7232 | SH |  | SOLE | 0 | 0 | 0 | 7232 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 241706 | 8163 | SH |  | SOLE | 0 | 0 | 0 | 8163 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 734035 | 16122 | SH |  | SOLE | 0 | 0 | 0 | 16122 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 10499856 | 235687 | SH |  | SOLE | 0 | 0 | 0 | 235687 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 11228872 | 356359 | SH |  | SOLE | 0 | 1632 | 0 | 354727 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 2491674 | 69098 | SH |  | SOLE | 0 | 0 | 0 | 69098 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 11959908 | 264541 | SH |  | SOLE | 0 | 451 | 0 | 264090 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 9249033 | 339913 | SH |  | SOLE | 0 | 0 | 0 | 339913 |
| SCHWAB STRATEGIC TR | LONG TERM US | 808524680 |  | 2672215 | 84297 | SH |  | SOLE | 0 | 0 | 0 | 84297 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 214519 | 4798 | SH |  | SOLE | 0 | 500 | 0 | 4298 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 233231 | 1620 | SH |  | SOLE | 0 | 0 | 0 | 1620 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 8901784 | 13054 | SH |  | SOLE | 0 | 0 | 0 | 13054 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A300 |  | 2579909 | 28360 | SH |  | SOLE | 0 | 0 | 0 | 28360 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A839 |  | 1535466 | 18139 | SH |  | SOLE | 0 | 0 | 0 | 18139 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 271084 | 1948 | SH |  | SOLE | 0 | 0 | 0 | 1948 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R721 |  | 4965386 | 108628 | SH |  | SOLE | 0 | 0 | 0 | 108628 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 2852956 | 9933 | SH |  | SOLE | 0 | 0 | 0 | 9933 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 326928 | 840 | SH |  | SOLE | 0 | 0 | 0 | 840 |
| UNITED RENTALS INC | COM | 911363109 |  | 685494 | 847 | SH |  | SOLE | 0 | 150 | 0 | 697 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 854485 | 5249 | SH |  | SOLE | 0 | 0 | 0 | 5249 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1728007 | 6699 | SH |  | SOLE | 0 | 700 | 0 | 5999 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1165010 | 2388 | SH |  | SOLE | 0 | 0 | 0 | 2388 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 12406063 | 64957 | SH |  | SOLE | 0 | 680 | 0 | 64277 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 943505 | 3251 | SH |  | SOLE | 0 | 463 | 0 | 2788 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 7782120 | 36745 | SH |  | SOLE | 0 | 0 | 0 | 36745 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 502903 | 1500 | SH |  | SOLE | 0 | 0 | 0 | 1500 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 1271762 | 4556 | SH |  | SOLE | 0 | 0 | 0 | 4556 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 4756709 | 26818 | SH |  | SOLE | 0 | 0 | 0 | 26818 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 8415961 | 13420 | SH |  | SOLE | 0 | 0 | 0 | 13420 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 659098 | 8960 | SH |  | SOLE | 0 | 0 | 0 | 8960 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 1335084 | 15968 | SH |  | SOLE | 0 | 0 | 0 | 15968 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 951606 | 17701 | SH |  | SOLE | 0 | 0 | 0 | 17701 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 236125 | 2612 | SH |  | SOLE | 0 | 0 | 0 | 2612 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 2126362 | 42282 | SH |  | SOLE | 0 | 0 | 0 | 42282 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 403056 | 4050 | SH |  | SOLE | 0 | 0 | 0 | 4050 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2447247 | 11135 | SH |  | SOLE | 0 | 0 | 0 | 11135 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 2426980 | 32171 | SH |  | SOLE | 0 | 0 | 0 | 32171 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3789493 | 60661 | SH |  | SOLE | 0 | 0 | 0 | 60661 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 2467645 | 17194 | SH |  | SOLE | 0 | 300 | 0 | 16894 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 1183680 | 13152 | SH |  | SOLE | 0 | 0 | 0 | 13152 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 8166255 | 89297 | SH |  | SOLE | 0 | 0 | 0 | 89297 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 268777 | 1295 | SH |  | SOLE | 0 | 0 | 0 | 1295 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 490496 | 1704 | SH |  | SOLE | 0 | 0 | 0 | 1704 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 933631 | 3129 | SH |  | SOLE | 0 | 0 | 0 | 3129 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 469605 | 623 | SH |  | SOLE | 0 | 0 | 0 | 623 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 441089 | 2278 | SH |  | SOLE | 0 | 0 | 0 | 2278 |
| VISA INC | COM CL A | 92826C839 |  | 581828 | 1659 | SH |  | SOLE | 0 | 7 | 0 | 1652 |
| WALMART INC | COM | 931142103 |  | 636820 | 5716 | SH |  | SOLE | 0 | 868 | 0 | 4848 |
| YORK WTR CO | COM | 987184108 |  | 301541 | 9471 | SH |  | SOLE | 0 | 0 | 0 | 9471 |

---