# EDGAR Filing Document

**Accession Number:** 0002112636
**File Stem:** 0002085853-26-000288
**Filing Date:** 2026-2
**Character Count:** 17120
**Document Hash:** b1378e15cfcfe3fc96aa6148fa60be01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002085853-26-000288.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0002085853-26-000288

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**EFFECTIVENESS DATE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BDFS Capital LLC
- **CENTRAL INDEX KEY:** 0002112636

**ORGANIZATION NAME:**
- **EIN:** 611611620
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26708
- **FILM NUMBER:** 26682667

**BUSINESS ADDRESS:**
- **STREET 1:** 19409 PLANTATION RD
- **STREET 2:** BLDG. 2, UNIT 1
- **CITY:** REHOBOTH BEACH
- **STATE:** DE
- **ZIP:** 19971
- **BUSINESS PHONE:** (302) 265-2236

**MAIL ADDRESS:**
- **STREET 1:** 19409 PLANTATION RD
- **STREET 2:** BLDG. 2, UNIT 1
- **CITY:** REHOBOTH BEACH
- **STATE:** DE
- **ZIP:** 19971

### 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:** BDFS Capital LLC<br>**Address:** 19409 PLANTATION RD<br>BLDG. 2 UNIT 1<br>REHOBOTH BEACH, DE 19971

**Form 13F File Number:** 028-26708

**CRD Number (if applicable):** 000287680

**SEC File Number (if applicable):** 801-120724

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:** Mark Anthony Nehra<br>**Title:** Chief Compliance Officer<br>**Phone:** 302-265-2236

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

/s/ Mark Anthony Nehra  Rehoboth Beach, DE  02-26-2026<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:** 134

**Form 13F Information Table Value Total:** $198145422

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 203097 | 889 | SH |  | SOLE |  | 0 | 0 | 889 |
| ADOBE INC | COM | 00724F101 |  | 217755 | 622 | SH |  | SOLE |  | 0 | 0 | 622 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1073778 | 3422 | SH |  | SOLE |  | 0 | 0 | 3422 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1206340 | 3854 | SH |  | SOLE |  | 0 | 0 | 3854 |
| AMAZON COM INC | COM | 023135106 |  | 1770810 | 7672 | SH |  | SOLE |  | 0 | 0 | 7672 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 312662 | 2711 | SH |  | SOLE |  | 0 | 0 | 2711 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 294789 | 6231 | SH |  | SOLE |  | 0 | 0 | 6231 |
| APPLE INC | COM | 037833100 |  | 2967094 | 10914 | SH |  | SOLE |  | 0 | 0 | 10914 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 392343 | 1528 | SH |  | SOLE |  | 0 | 0 | 1528 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 572339 | 4368 | SH |  | SOLE |  | 0 | 0 | 4368 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 607680 | 568 | SH |  | SOLE |  | 0 | 0 | 568 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 602323 | 2327 | SH |  | SOLE |  | 0 | 0 | 2327 |
| AUTOZONE INC | COM | 053332102 |  | 525844 | 155 | SH |  | SOLE |  | 0 | 0 | 155 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 308644 | 614 | SH |  | SOLE |  | 0 | 0 | 614 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 239348 | 3936 | SH |  | SOLE |  | 0 | 0 | 3936 |
| BOEING CO | COM | 097023105 |  | 1720893 | 7926 | SH |  | SOLE |  | 0 | 0 | 7926 |
| CENCORA INC | COM | 03073E105 |  | 831272 | 2461 | SH |  | SOLE |  | 0 | 0 | 2461 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 530507 | 6327 | SH |  | SOLE |  | 0 | 0 | 6327 |
| CLOROX CO DEL | COM | 189054109 |  | 473186 | 4693 | SH |  | SOLE |  | 0 | 0 | 4693 |
| COCA COLA CO | COM | 191216100 |  | 215864 | 3088 | SH |  | SOLE |  | 0 | 0 | 3088 |
| COHERENT CORP | COM | 19247G107 |  | 803064 | 4351 | SH |  | SOLE |  | 0 | 0 | 4351 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 584163 | 7393 | SH |  | SOLE |  | 0 | 0 | 7393 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 447653 | 1267 | SH |  | SOLE |  | 0 | 0 | 1267 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 680638 | 789 | SH |  | SOLE |  | 0 | 0 | 789 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 774560 | 5383 | SH |  | SOLE |  | 0 | 0 | 5383 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 444738 | 3533 | SH |  | SOLE |  | 0 | 0 | 3533 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 5651429 | 164000 | SH |  | SOLE |  | 0 | 0 | 164000 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 5487525 | 114443 | SH |  | SOLE |  | 0 | 0 | 114443 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 |  | 3758479 | 109865 | SH |  | SOLE |  | 0 | 0 | 109865 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 3835033 | 100842 | SH |  | SOLE |  | 0 | 0 | 100842 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 1686141 | 50972 | SH |  | SOLE |  | 0 | 0 | 50972 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 841221 | 25577 | SH |  | SOLE |  | 0 | 0 | 25577 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS HI | 25434V757 |  | 813811 | 25234 | SH |  | SOLE |  | 0 | 0 | 25234 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 947705 | 24940 | SH |  | SOLE |  | 0 | 0 | 24940 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 581018 | 12062 | SH |  | SOLE |  | 0 | 0 | 12062 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 677362 | 11377 | SH |  | SOLE |  | 0 | 0 | 11377 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 338522 | 10033 | SH |  | SOLE |  | 0 | 0 | 10033 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 9346571 | 236084 | SH |  | SOLE |  | 0 | 0 | 236084 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 |  | 1460403 | 46120 | SH |  | SOLE |  | 0 | 0 | 46120 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 589991 | 7955 | SH |  | SOLE |  | 0 | 0 | 7955 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 242726 | 7416 | SH |  | SOLE |  | 0 | 0 | 7416 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 7116136 | 96647 | SH |  | SOLE |  | 0 | 0 | 96647 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 234188 | 5027 | SH |  | SOLE |  | 0 | 0 | 5027 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 410842 | 5897 | SH |  | SOLE |  | 0 | 0 | 5897 |
| DISNEY WALT CO | COM | 254687106 |  | 713710 | 6232 | SH |  | SOLE |  | 0 | 0 | 6232 |
| EATON CORP PLC | SHS | G29183103 |  | 473306 | 1486 | SH |  | SOLE |  | 0 | 0 | 1486 |
| ECOLAB INC | COM | 278865100 |  | 518407 | 1970 | SH |  | SOLE |  | 0 | 0 | 1970 |
| ELI LILLY  CO | COM | 532457108 |  | 239826 | 223 | SH |  | SOLE |  | 0 | 0 | 223 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 232256 | 1930 | SH |  | SOLE |  | 0 | 0 | 1930 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 492434 | 1697 | SH |  | SOLE |  | 0 | 0 | 1697 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 63290723 | 1056077 | SH |  | SOLE |  | 0 | 0 | 1056077 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 369941 | 3999 | SH |  | SOLE |  | 0 | 0 | 3999 |
| FIRST TR EXCHNG TRADED FD VI | FLEXIBL MUN HIGH | 33740F508 |  | 297819 | 17523 | SH |  | SOLE |  | 0 | 0 | 17523 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 539517 | 614 | SH |  | SOLE |  | 0 | 0 | 614 |
| HERSHEY CO | COM | 427866108 |  | 681534 | 3745 | SH |  | SOLE |  | 0 | 0 | 3745 |
| IDEXX LABS INC | COM | 45168D104 |  | 671118 | 992 | SH |  | SOLE |  | 0 | 0 | 992 |
| INTUIT | COM | 461202103 |  | 618835 | 934 | SH |  | SOLE |  | 0 | 0 | 934 |
| IRON MTN INC DEL | COM | 46284V101 |  | 340327 | 4061 | SH |  | SOLE |  | 0 | 0 | 4061 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 274355 | 3380 | SH |  | SOLE |  | 0 | 0 | 3380 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 290212 | 4505 | SH |  | SOLE |  | 0 | 0 | 4505 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 210237 | 4166 | SH |  | SOLE |  | 0 | 0 | 4166 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1163779 | 1699 | SH |  | SOLE |  | 0 | 0 | 1699 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 259403 | 1306 | SH |  | SOLE |  | 0 | 0 | 1306 |
| ISHARES TR | S 100 ETF | 464287101 |  | 618148 | 1802 | SH |  | SOLE |  | 0 | 0 | 1802 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1058612 | 4992 | SH |  | SOLE |  | 0 | 0 | 4992 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 253363 | 3548 | SH |  | SOLE |  | 0 | 0 | 3548 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 288570 | 5066 | SH |  | SOLE |  | 0 | 0 | 5066 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 291472 | 3009 | SH |  | SOLE |  | 0 | 0 | 3009 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 250664 | 5386 | SH |  | SOLE |  | 0 | 0 | 5386 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 384885 | 2925 | SH |  | SOLE |  | 0 | 0 | 2925 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 212754 | 2093 | SH |  | SOLE |  | 0 | 0 | 2093 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 6441719 | 58481 | SH |  | SOLE |  | 0 | 0 | 58481 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 606571 | 5663 | SH |  | SOLE |  | 0 | 0 | 5663 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 209567 | 2179 | SH |  | SOLE |  | 0 | 0 | 2179 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 303097 | 6061 | SH |  | SOLE |  | 0 | 0 | 6061 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 248700 | 2187 | SH |  | SOLE |  | 0 | 0 | 2187 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 882398 | 7159 | SH |  | SOLE |  | 0 | 0 | 7159 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 297599 | 2789 | SH |  | SOLE |  | 0 | 0 | 2789 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 299421 | 2509 | SH |  | SOLE |  | 0 | 0 | 2509 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 601293 | 12504 | SH |  | SOLE |  | 0 | 0 | 12504 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 258909 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| ISHARES U S ETF TR | SHORT MATURITY M | 46431W838 |  | 212685 | 4227 | SH |  | SOLE |  | 0 | 0 | 4227 |
| JOHN HANCOCK EXCHANGE TRADED | PREFERRED INCOME | 47804J776 |  | 3362430 | 147236 | SH |  | SOLE |  | 0 | 0 | 147236 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1169026 | 5649 | SH |  | SOLE |  | 0 | 0 | 5649 |
| MASTEC INC | COM | 576323109 |  | 547120 | 2517 | SH |  | SOLE |  | 0 | 0 | 2517 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 552258 | 967 | SH |  | SOLE |  | 0 | 0 | 967 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 576108 | 8398 | SH |  | SOLE |  | 0 | 0 | 8398 |
| MERCK  CO INC | COM | 58933Y105 |  | 376054 | 3544 | SH |  | SOLE |  | 0 | 0 | 3544 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1045810 | 1584 | SH |  | SOLE |  | 0 | 0 | 1584 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 646904 | 464 | SH |  | SOLE |  | 0 | 0 | 464 |
| MICROSOFT CORP | COM | 594918104 |  | 2361041 | 4882 | SH |  | SOLE |  | 0 | 0 | 4882 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 450638 | 5613 | SH |  | SOLE |  | 0 | 0 | 5613 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1919327 | 3366 | SH |  | SOLE |  | 0 | 0 | 3366 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1912532 | 10255 | SH |  | SOLE |  | 0 | 0 | 10255 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 612202 | 6712 | SH |  | SOLE |  | 0 | 0 | 6712 |
| PAYCHEX INC | COM | 704326107 |  | 514512 | 4586 | SH |  | SOLE |  | 0 | 0 | 4586 |
| PEPSICO INC | COM | 713448108 |  | 679685 | 4690 | SH |  | SOLE |  | 0 | 0 | 4690 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 214992 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 230184 | 14079 | SH |  | SOLE |  | 0 | 0 | 14079 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 758702 | 5294 | SH |  | SOLE |  | 0 | 0 | 5294 |
| ROLLINS INC | COM | 775711104 |  | 676636 | 11274 | SH |  | SOLE |  | 0 | 0 | 11274 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 880177 | 36117 | SH |  | SOLE |  | 0 | 0 | 36117 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 253974 | 9259 | SH |  | SOLE |  | 0 | 0 | 9259 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 567912 | 1433 | SH |  | SOLE |  | 0 | 0 | 1433 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 364113 | 8199 | SH |  | SOLE |  | 0 | 0 | 8199 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1240490 | 1814 | SH |  | SOLE |  | 0 | 0 | 1814 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R101 |  | 333854 | 11402 | SH |  | SOLE |  | 0 | 0 | 11402 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 201766 | 5968 | SH |  | SOLE |  | 0 | 0 | 5968 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 376667 | 12472 | SH |  | SOLE |  | 0 | 0 | 12472 |
| STRIDE INC | COM | 86333M108 |  | 210308 | 3239 | SH |  | SOLE |  | 0 | 0 | 3239 |
| STRYKER CORPORATION | COM | 863667101 |  | 522413 | 1483 | SH |  | SOLE |  | 0 | 0 | 1483 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 642472 | 2109 | SH |  | SOLE |  | 0 | 0 | 2109 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 224721 | 440 | SH |  | SOLE |  | 0 | 0 | 440 |
| TESLA INC | COM | 88160R101 |  | 265376 | 590 | SH |  | SOLE |  | 0 | 0 | 590 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 566821 | 11334 | SH |  | SOLE |  | 0 | 0 | 11334 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 527497 | 1598 | SH |  | SOLE |  | 0 | 0 | 1598 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 3070632 | 41456 | SH |  | SOLE |  | 0 | 0 | 41456 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 1265125 | 16053 | SH |  | SOLE |  | 0 | 0 | 16053 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 6974169 | 144333 | SH |  | SOLE |  | 0 | 0 | 144333 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 368116 | 587 | SH |  | SOLE |  | 0 | 0 | 587 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1794700 | 5353 | SH |  | SOLE |  | 0 | 0 | 5353 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 275981 | 1445 | SH |  | SOLE |  | 0 | 0 | 1445 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 304438 | 624 | SH |  | SOLE |  | 0 | 0 | 624 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 532133 | 10581 | SH |  | SOLE |  | 0 | 0 | 10581 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1726861 | 36679 | SH |  | SOLE |  | 0 | 0 | 36679 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 677206 | 8086 | SH |  | SOLE |  | 0 | 0 | 8086 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 2600355 | 44276 | SH |  | SOLE |  | 0 | 0 | 44276 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 382073 | 1738 | SH |  | SOLE |  | 0 | 0 | 1738 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 462672 | 3825 | SH |  | SOLE |  | 0 | 0 | 3825 |
| WABTEC | COM | 929740108 |  | 426170 | 1997 | SH |  | SOLE |  | 0 | 0 | 1997 |
| WALMART INC | COM | 931142103 |  | 765703 | 6859 | SH |  | SOLE |  | 0 | 0 | 6859 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 594814 | 2707 | SH |  | SOLE |  | 0 | 0 | 2707 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 1672959 | 33246 | SH |  | SOLE |  | 0 | 0 | 33246 |
| ZACKS TRUST | EARNGS CONSTANT | 98888G105 |  | 247940 | 7077 | SH |  | SOLE |  | 0 | 0 | 7077 |

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