# EDGAR Filing Document

**Accession Number:** 0001697323
**File Stem:** 0001636587-25-000042
**Filing Date:** 2025-8
**Character Count:** 19304
**Document Hash:** 8e931655d524152496e78dab2c8ec942
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001636587-25-000042.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001636587-25-000042

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Greenline Partners, LLC
- **CENTRAL INDEX KEY:** 0001697323

**ORGANIZATION NAME:**
- **EIN:** 455129009
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18839
- **FILM NUMBER:** 251217067

**BUSINESS ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** SUITE 1706
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175
- **BUSINESS PHONE:** 646-470-8714

**MAIL ADDRESS:**
- **STREET 1:** 521 FIFTH AVENUE
- **STREET 2:** SUITE 1706
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10175

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Greenline Partners LLC<br>**Address:** 521 FIFTH AVENUE<br>SUITE 1706<br>NEW YORK, NY 10175

**Form 13F File Number:** 028-18839

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:** Ivan Lucuk<br>**Title:** Chief Compliance Officer<br>**Phone:** 203-590-2261

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

Ivan Lucuk  NEW YORK, NY  08-14-2025<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:** 158

**Form 13F Information Table Value Total:** $742048639

      (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 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 222399 | 1870 | SH |  | OTR |  | 0 | 1870 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 204441 | 1719 | SH |  | SOLE |  | 1719 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 3339747 | 53291 | SH |  | SOLE |  | 53291 | 0 | 0 |
| ALPHABET INC CAP | STK CL C | 02079K107 |  | 12937762 | 72934 | SH |  | SOLE |  | 72934 | 0 | 0 |
| ALPHABET INC CAP | STK CL A | 02079K305 |  | 385063 | 2185 | SH |  | SOLE |  | 2185 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 317599 | 5417 | SH |  | SOLE |  | 5417 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9634073 | 43913 | SH |  | SOLE |  | 43913 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 27417799 | 345835 | SH |  | SOLE |  | 345835 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 23655755 | 259668 | SH |  | SOLE |  | 259668 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1376226 | 4929 | SH |  | SOLE |  | 4929 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 10611187 | 51719 | SH |  | SOLE |  | 51719 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 941806 | 17844 | SH |  | SOLE |  | 17844 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 756376 | 26136 | SH |  | SOLE |  | 26136 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | COM | 053015103 |  | 1842382 | 5974 | SH |  | SOLE |  | 5974 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 633142 | 13380 | SH |  | SOLE |  | 13380 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 375031 | 18013 | SH |  | SOLE |  | 18013 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 2889061 | 39323 | SH |  | SOLE |  | 39323 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 27412001 | 56430 | SH |  | SOLE |  | 56430 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 3919383 | 81501 | SH |  | SOLE |  | 81501 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 4382717 | 4177 | SH |  | SOLE |  | 4177 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 943646 | 163 | SH |  | SOLE |  | 163 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 217382 | 7263 | SH |  | SOLE |  | 7263 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 4486620 | 142886 | SH |  | SOLE |  | 142886 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 253314 | 3769 | SH |  | SOLE |  | 3769 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 482157 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 17239095 | 70791 | SH |  | SOLE |  | 70791 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3880592 | 27101 | SH |  | SOLE |  | 27101 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 3698276 | 12765 | SH |  | SOLE |  | 12765 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 3880447 | 43241 | SH |  | SOLE |  | 43241 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2937152 | 2967 | SH |  | SOLE |  | 2967 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 6833494 | 13414 | SH |  | SOLE |  | 13414 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 3059584 | 6017 | SH |  | SOLE |  | 6017 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 273784 | 5073 | SH |  | SOLE |  | 5073 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 11149556 | 378850 | SH |  | SOLE |  | 378850 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 7336758 | 222934 | SH |  | SOLE |  | 222934 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 865746 | 11627 | SH |  | SOLE |  | 11627 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 283205 | 6249 | SH |  | OTR |  | 0 | 6249 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 14888119 | 328511 | SH |  | SOLE |  | 328511 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 320865 | 17698 | SH |  | SOLE |  | 17698 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L P | COM | 293792107 |  | 2140372 | 69022 | SH |  | SOLE |  | 69022 | 0 | 0 |
| EOG RES INC COM | COM | 26875P101 |  | 1273129 | 10644 | SH |  | SOLE |  | 10644 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 222546 | 7056 | SH |  | SOLE |  | 7056 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2297002 | 21308 | SH |  | SOLE |  | 21308 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 1593138 | 9719 | SH |  | SOLE |  | 9719 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 4590288 | 105889 | SH |  | SOLE |  | 105889 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1292352 | 1826 | SH |  | SOLE |  | 1826 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 595445 | 4298 | SH |  | SOLE |  | 4298 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 4583733 | 12502 | SH |  | SOLE |  | 12502 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 291799 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1403853 | 62672 | SH |  | SOLE |  | 62672 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 220081 | 405 | SH |  | SOLE |  | 405 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 204931 | 3348 | SH |  | SOLE |  | 3348 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 8053482 | 129145 | SH |  | SOLE |  | 129145 | 0 | 0 |
| ISHARES GOLD TR | SHARES REPRESENT | 46436F103 |  | 3606170 | 109311 | SH |  | SOLE |  | 109311 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 962281 | 16030 | SH |  | SOLE |  | 16030 | 0 | 0 |
| ISHARES INC | MSCI GBL ETF NEW | 46434G848 |  | 20888211 | 555538 | SH |  | SOLE |  | 555537 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 2343834 | 15584 | SH |  | OTR |  | 0 | 15584 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 1524773 | 16113 | SH |  | OTR |  | 0 | 16113 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1872542 | 20948 | SH |  | OTR |  | 0 | 20948 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 463778 | 4606 | SH |  | SOLE |  | 4606 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 10508037 | 102109 | SH |  | SOLE |  | 102109 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 2131314 | 16847 | SH |  | SOLE |  | 16847 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 409626 | 3496 | SH |  | SOLE |  | 3496 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 964442 | 12475 | SH |  | SOLE |  | 12475 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1803296 | 11990 | SH |  | SOLE |  | 11990 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 1849543 | 19545 | SH |  | SOLE |  | 19545 | 0 | 0 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 3752273 | 149018 | SH |  | SOLE |  | 149018 | 0 | 0 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 4502667 | 185677 | SH |  | SOLE |  | 185677 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 4648644 | 13244 | SH |  | SOLE |  | 13244 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 2371643 | 103204 | SH |  | SOLE |  | 103204 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4672470 | 30589 | SH |  | SOLE |  | 30589 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 243814 | 841 | SH |  | OTR |  | 0 | 841 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4051492 | 13975 | SH |  | SOLE |  | 13975 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 1700522 | 12783 | SH |  | SOLE |  | 12783 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 537813 | 2424 | SH |  | SOLE |  | 2424 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 849682 | 2266 | SH |  | SOLE |  | 2266 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 7262401 | 3636 | SH |  | SOLE |  | 3636 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 5463181 | 9722 | SH |  | SOLE |  | 9722 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 292338 | 3693 | SH |  | SOLE |  | 3693 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 9628384 | 13045 | SH |  | SOLE |  | 13045 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 12545178 | 25221 | SH |  | SOLE |  | 25221 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 748286 | 14527 | SH |  | SOLE |  | 14527 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 468469 | 8041 | SH |  | SOLE |  | 8041 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2247250 | 14224 | SH |  | SOLE |  | 14224 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 923208 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 339651 | 8085 | SH |  | SOLE |  | 8085 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 6063837 | 26205 | SH |  | SOLE |  | 26205 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1324643 | 54647 | SH |  | SOLE |  | 54647 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 667689 | 3666 | SH |  | SOLE |  | 3666 | 0 | 0 |
| PIMCO ETF TR | 15+ YR US TIPS | 72201R304 |  | 1427613 | 27208 | SH |  | SOLE |  | 27208 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L P | UNIT LTD PARTN | 726503105 |  | 332197 | 18133 | SH |  | SOLE |  | 18133 | 0 | 0 |
| POSCO HOLDINGS INC | SPONSORED ADR | 693483109 |  | 2168958 | 44730 | SH |  | SOLE |  | 44730 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1083695 | 6802 | SH |  | SOLE |  | 6802 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 244811 | 4197 | SH |  | OTR |  | 0 | 4197 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 4805750 | 82389 | SH |  | SOLE |  | 82389 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 1174278 | 6603 | SH |  | SOLE |  | 6603 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1704264 | 50422 | SH |  | SOLE |  | 50422 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 228009 | 2499 | SH |  | OTR |  | 0 | 2499 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2059013 | 22567 | SH |  | SOLE |  | 22567 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 949755 | 35598 | SH |  | OTR |  | 0 | 35598 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 1287080 | 42703 | SH |  | SOLE |  | 42703 | 0 | 0 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 3821705 | 152684 | SH |  | SOLE |  | 152684 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 886228 | 40100 | SH |  | SOLE |  | 40100 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 7632915 | 313081 | SH |  | SOLE |  | 313081 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 588548 | 24697 | SH |  | SOLE |  | 24697 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 17908129 | 671219 | SH |  | SOLE |  | 671219 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 258132 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 2340671 | 27599 | SH |  | SOLE |  | 27599 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 470835 | 6214 | SH |  | SOLE |  | 6214 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 249181 | 3539 | SH |  | SOLE |  | 3539 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 297820 | 8444 | SH |  | SOLE |  | 8444 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 1352657 | 52206 | SH |  | SOLE |  | 52206 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 321721 | 3180 | SH |  | OTR |  | 0 | 3180 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 9968800 | 98535 | SH |  | SOLE |  | 98535 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1539087 | 5049 | SH |  | SOLE |  | 5049 | 0 | 0 |
| SPDR SERIES TRUS | PORTFLI TIPS ETF | 78464A656 |  | 2850808 | 109394 | SH |  | SOLE |  | 109394 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 2381003 | 28711 | SH |  | SOLE |  | 28711 | 0 | 0 |
| SPDR SERIES TRUST | S METALS MNG | 78464A755 |  | 2812485 | 41840 | SH |  | SOLE |  | 41840 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 794839 | 21224 | SH |  | SOLE |  | 21224 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 283080 | 5802 | SH |  | OTR |  | 0 | 5802 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 14547470 | 298165 | SH |  | SOLE |  | 298165 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 423818 | 3432 | SH |  | SOLE |  | 3432 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 2682743 | 43700 | SH |  | SOLE |  | 43700 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 280237 | 1218 | SH |  | SOLE |  | 1218 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 865157 | 8571 | SH |  | SOLE |  | 8571 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2102054 | 6738 | SH |  | SOLE |  | 6738 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 2363686 | 243428 | SH |  | SOLE |  | 243428 | 0 | 0 |
| VANECK ETF TRUST | VANECK ETF TRUST SEMICONDUCTR ETF | 92189F676 |  | 319875 | 1147 | SH |  | SOLE |  | 1147 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9258889 | 16300 | SH |  | SOLE |  | 16300 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 531987 | 2728 | SH |  | SOLE |  | 2728 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 52509521 | 172768 | SH |  | SOLE |  | 172768 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 769533 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 2922198 | 38679 | SH |  | SOLE |  | 38679 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 22128388 | 447399 | SH |  | SOLE |  | 447399 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 14725853 | 190011 | SH |  | SOLE |  | 190011 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 20771077 | 252751 | SH |  | SOLE |  | 252751 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 4155823 | 32336 | SH |  | SOLE |  | 32336 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 3698340 | 46520 | SH |  | SOLE |  | 46520 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 332384 | 1624 | SH |  | SOLE |  | 1624 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 431674 | 6248 | SH |  | OTR |  | 0 | 6248 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 34863487 | 504609 | SH |  | SOLE |  | 504609 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1174483 | 20601 | SH |  | SOLE |  | 20601 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 278981 | 2092 | SH |  | SOLE |  | 2092 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 392017 | 1578 | SH |  | SOLE |  | 1578 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 5857556 | 33185 | SH |  | SOLE |  | 33185 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 5507269 | 25147 | SH |  | SOLE |  | 25147 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 11904741 | 99939 | SH |  | SOLE |  | 99939 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 626177 | 2784 | SH |  | SOLE |  | 2784 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 240570 | 833 | SH |  | SOLE |  | 833 | 0 | 0 |
| VISA INC | CL A | 92826C839 |  | 6352910 | 17893 | SH |  | SOLE |  | 17893 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 272806 | 2790 | SH |  | OTR |  | 0 | 2790 | 0 |
| WALMART INC | COM | 931142103 |  | 5562020 | 56883 | SH |  | SOLE |  | 56883 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 388116 | 4322 | SH |  | OTR |  | 0 | 4322 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 1294916 | 14420 | SH |  | SOLE |  | 14420 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 460774 | 7336 | SH |  | OTR |  | 0 | 7336 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 9310446 | 148231 | SH |  | SOLE |  | 148231 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 56741630 | 866020 | SH |  | SOLE |  | 866020 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1095691 | 16723 | SH |  | OTR |  | 0 | 16723 | 0 |

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