# EDGAR Filing Document

**Accession Number:** 0001771687
**File Stem:** 0001771687-26-000004
**Filing Date:** 2026-4
**Character Count:** 17358
**Document Hash:** dab614adad6dc2f1dd76fc662892fc7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001771687-26-000004.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001771687-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260422

**EFFECTIVENESS DATE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KG Capital Management
- **CENTRAL INDEX KEY:** 0001771687

**ORGANIZATION NAME:**
- **EIN:** 455355057
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19452
- **FILM NUMBER:** 26885185

**BUSINESS ADDRESS:**
- **STREET 1:** 4782 PROSPERITY ST.
- **CITY:** SAINT FRANCISVILLE
- **STATE:** LA
- **ZIP:** 70775
- **BUSINESS PHONE:** 225-266-6638

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1220
- **CITY:** ST. FRANCISVILLE
- **STATE:** LA
- **ZIP:** 70775

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KG&L Capital Management,LLC
- **DATE OF NAME CHANGE:** 20190325

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** KG Capital Management<br>**Address:** PO BOX 1220<br>ST. FRANCISVILLE, LA 70775

**Form 13F File Number:** 028-19452

**CRD Number (if applicable):** 000164500

**SEC File Number (if applicable):** 801-112461

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:** Gabriel S. Kora III<br>**Title:** CCO<br>**Phone:** 225-245-5153

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

/s/  Gabriel S. Kora III  St. Francisville, LA  04-22-2026<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:** 123

**Form 13F Information Table Value Total:** $139466516

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 332608 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 260114 | 1255 | SH |  | SOLE |  | 1255 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3683269 | 12814 | SH |  | SOLE |  | 12814 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1242953 | 5969 | SH |  | SOLE |  | 5969 | 0 | 0 |
| AMERICAN BITCOIN CORP. | COM CL A | 02462A104 | BBG00MS8GZQ0 | 218415 | 236278 | SH |  | SOLE |  | 236278 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 342739 | 974 | SH |  | SOLE |  | 974 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 | BBG001S5NSK6 | 236654 | 1873 | SH |  | SOLE |  | 1873 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3751474 | 15035 | SH |  | SOLE |  | 15035 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 401969 | 1176 | SH |  | SOLE |  | 1176 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG001S9HZ74 | 357371 | 3723 | SH |  | SOLE |  | 3723 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 466253 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 1199112 | 355 | SH |  | SOLE |  | 355 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 532537 | 10924 | SH |  | SOLE |  | 10924 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 849865 | 7164 | SH |  | SOLE |  | 7164 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 218994 | 457 | SH |  | SOLE |  | 457 | 0 | 0 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 258392 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 392768 | 1269 | SH |  | SOLE |  | 1269 | 0 | 0 |
| BUSINESS FIRST BANCSHARES IN | COM | 12326C105 | BBG001T056Q8 | 238790 | 8831 | SH |  | SOLE |  | 8831 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 | BBG001S67ZC5 | 1124735 | 5642 | SH |  | SOLE |  | 5642 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 309442 | 4069 | SH |  | SOLE |  | 4069 | 0 | 0 |
| COCA COLA CONS INC | COM | 191098102 | BBG001S5Q0W1 | 1611635 | 8405 | SH |  | SOLE |  | 8405 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG001S5PGY5 | 183924 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | BBG001S9KRQ7 | 500208 | 502 | SH |  | SOLE |  | 502 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 1944852 | 3671 | SH |  | SOLE |  | 3671 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 776095 | 1511 | SH |  | SOLE |  | 1511 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG001SL3ZH1 | 485461 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1102320 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 276955 | 14350 | SH |  | SOLE |  | 14350 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 6933422 | 41429 | SH |  | SOLE |  | 41429 | 0 | 0 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 | BBG0078X1341 | 3404438 | 74626 | SH |  | SOLE |  | 74626 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | SMITH OPPORT FXD | 33740F805 | BBG00FZ4KG74 | 541562 | 12424 | SH |  | SOLE |  | 12424 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 | BBG001S7D9G0 | 74250 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 694953 | 2449 | SH |  | SOLE |  | 2449 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 711414 | 815 | SH |  | SOLE |  | 815 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 | BBG00DRGSD25 | 3876351 | 38690 | SH |  | SOLE |  | 38690 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 671476 | 886 | SH |  | SOLE |  | 886 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 | BBG001T6W7V7 | 122724 | 10938 | SH |  | SOLE |  | 10938 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 257591 | 4850 | SH |  | SOLE |  | 4850 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG001T8NTY2 | 1299990 | 2747 | SH |  | SOLE |  | 2747 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 276846 | 842 | SH |  | SOLE |  | 842 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 576824 | 2669 | SH |  | SOLE |  | 2669 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJH69 | 677552 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG001SQ4YC7 | 217642 | 3245 | SH |  | SOLE |  | 3245 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 308638 | 1293 | SH |  | SOLE |  | 1293 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 1293926 | 118927 | SH |  | SOLE |  | 118927 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 | BBG001STKGB3 | 1503091 | 55753 | SH |  | SOLE |  | 55753 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | AEROSPACE DEFN | 46137V100 | BBG001S8JG85 | 264126 | 1594 | SH |  | SOLE |  | 1594 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 | BBG00KJR2B26 | 954913 | 17505 | SH |  | SOLE |  | 17505 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1705771 | 2955 | SH |  | SOLE |  | 2955 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 291192 | 3303 | SH |  | SOLE |  | 3303 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 733586 | 7686 | SH |  | SOLE |  | 7686 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 1553343 | 23002 | SH |  | SOLE |  | 23002 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 1179320 | 9487 | SH |  | SOLE |  | 9487 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1455148 | 2228 | SH |  | SOLE |  | 2228 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 3165260 | 31885 | SH |  | SOLE |  | 31885 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 | BBG001V1QYX1 | 1057213 | 20750 | SH |  | SOLE |  | 20750 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 2250414 | 20648 | SH |  | SOLE |  | 20648 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 2421225 | 24928 | SH |  | SOLE |  | 24928 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 760456 | 25081 | SH |  | SOLE |  | 25081 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 431287 | 3908 | SH |  | SOLE |  | 3908 | 0 | 0 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 | BBG014GFHJN4 | 1064878 | 22849 | SH |  | SOLE |  | 22849 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 | BBG00XX898D2 | 1328509 | 26375 | SH |  | SOLE |  | 26375 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2077429 | 8705 | SH |  | SOLE |  | 8705 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 8633993 | 29952 | SH |  | SOLE |  | 29952 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 624302 | 424 | SH |  | SOLE |  | 424 | 0 | 0 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 279190 | 3858 | SH |  | SOLE |  | 3858 | 0 | 0 |
| KRONOS WORLDWIDE INC | COM | 50105F105 | BBG001SDWTD5 | 271676 | 39500 | SH |  | SOLE |  | 39500 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 353416 | 1496 | SH |  | SOLE |  | 1496 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 | BBG001T8LMY9 | 617527 | 7488 | SH |  | SOLE |  | 7488 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 639449 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 1150929 | 1330 | SH |  | SOLE |  | 1330 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 205303 | 1724 | SH |  | SOLE |  | 1724 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 938238 | 1640 | SH |  | SOLE |  | 1640 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 2419337 | 6539 | SH |  | SOLE |  | 6539 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1101521 | 6316 | SH |  | SOLE |  | 6316 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG001S78TL6 | 1740967 | 18860 | SH |  | SOLE |  | 18860 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 807190 | 4882 | SH |  | SOLE |  | 4882 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 834586 | 5743 | SH |  | SOLE |  | 5743 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 883556 | 4457 | SH |  | SOLE |  | 4457 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 515735 | 4005 | SH |  | SOLE |  | 4005 | 0 | 0 |
| RBB FD INC | F/M US TREASURY | 74933W452 | BBG01922X1R4 | 1071070 | 21482 | SH |  | SOLE |  | 21482 | 0 | 0 |
| RITHM PPTY TR INC | COM NEW SHS | 38983D854 | BBG008200KY7 | 109271 | 15599 | SH |  | SOLE |  | 15599 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 369629 | 1916 | SH |  | SOLE |  | 1916 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 244571 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 1539462 | 50178 | SH |  | SOLE |  | 50178 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 | BBG001S7T107 | 479095 | 5844 | SH |  | SOLE |  | 5844 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 | BBG001S7T1S7 | 709234 | 11577 | SH |  | SOLE |  | 11577 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 692807 | 14033 | SH |  | SOLE |  | 14033 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 | BBG001S7SCQ6 | 335742 | 2290 | SH |  | SOLE |  | 2290 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 | BBG001S7T232 | 241147 | 1491 | SH |  | SOLE |  | 1491 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 554855 | 4175 | SH |  | SOLE |  | 4175 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 | BBG001S7TD56 | 469308 | 10227 | SH |  | SOLE |  | 10227 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 259935 | 2795 | SH |  | SOLE |  | 2795 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | BBG001S77WM9 | 1137879 | 6561 | SH |  | SOLE |  | 6561 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | AGGREGATE BOND E | 82889N723 | BBG015BC7WS0 | 1103418 | 54222 | SH |  | SOLE |  | 54222 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 | BBG001S5W4C8 | 454411 | 8333 | SH |  | SOLE |  | 8333 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 307478 | 3246 | SH |  | SOLE |  | 3246 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 317124 | 737 | SH |  | SOLE |  | 737 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X202 | BBG001SLBK12 | 473422 | 7626 | SH |  | SOLE |  | 7626 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 | BBG001STKCW9 | 6390610 | 69736 | SH |  | SOLE |  | 69736 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 | BBG001SMH2R6 | 223428 | 3429 | SH |  | SOLE |  | 3429 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R408 | BBG002QLYD04 | 1982887 | 79379 | SH |  | SOLE |  | 79379 | 0 | 0 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 | BBG001S8LH99 | 744479 | 1607 | SH |  | SOLE |  | 1607 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 | BBG001S72SM3 | 11245758 | 17292 | SH |  | SOLE |  | 17292 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 1949972 | 5770 | SH |  | SOLE |  | 5770 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 207357 | 1689 | SH |  | SOLE |  | 1689 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 518227 | 3245 | SH |  | SOLE |  | 3245 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 | BBG01G9JKWW4 | 221815 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1090583 | 4504 | SH |  | SOLE |  | 4504 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 564721 | 2087 | SH |  | SOLE |  | 2087 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 | BBG001S5X8K9 | 380073 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 358087 | 3902 | SH |  | SOLE |  | 3902 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 557503 | 1454 | SH |  | SOLE |  | 1454 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 4008948 | 9178 | SH |  | SOLE |  | 9178 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | BBG001SMD2X3 | 527687 | 5949 | SH |  | SOLE |  | 5949 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 1022400 | 5211 | SH |  | SOLE |  | 5211 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 457597 | 8466 | SH |  | SOLE |  | 8466 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 568213 | 3837 | SH |  | SOLE |  | 3837 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 | BBG001SHVR41 | 428410 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 333355 | 6793 | SH |  | SOLE |  | 6793 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 397161 | 1314 | SH |  | SOLE |  | 1314 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 2520784 | 20283 | SH |  | SOLE |  | 20283 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 | BBG001S5XF23 | 443024 | 7663 | SH |  | SOLE |  | 7663 | 0 | 0 |

---