# EDGAR Filing Document

**Accession Number:** 0001929139
**File Stem:** 0001085146-25-005823
**Filing Date:** 2025-10
**Character Count:** 25598
**Document Hash:** 9999e8917af8d41d55f0afb9a7f58732
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005823.hdr.sgml**: 20251008

**ACCESSION NUMBER**: 0001085146-25-005823

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251008

**DATE AS OF CHANGE**: 20251007

**EFFECTIVENESS DATE**: 20251008

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Quantum Financial Advisors, LLC
- **CENTRAL INDEX KEY:** 0001929139

**ORGANIZATION NAME:**
- **EIN:** 873466505
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22627
- **FILM NUMBER:** 251381107

**BUSINESS ADDRESS:**
- **STREET 1:** 530 WILSHIRE BLVD
- **STREET 2:** STE 206
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401
- **BUSINESS PHONE:** 424-447-8268

**MAIL ADDRESS:**
- **STREET 1:** 530 WILSHIRE BLVD
- **STREET 2:** STE 206
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Quantum Financial Advisors LLC<br>**Address:** 530 WILSHIRE BLVD<br>STE 206<br>SANTA MONICA, CA 90401

**Form 13F File Number:** 028-22627

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:** Sean Murray<br>**Title:** Chief Compliance Officer<br>**Phone:** 424-447-8268

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

/s/Sean Murray  Manhattan Beach, CA  10-07-2025<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:** 201

**Form 13F Information Table Value Total:** $820408213

      (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 |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 213347 | 1375 | SH |  | SOLE |  | 0 | 0 | 1375 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 444032 | 3315 | SH |  | SOLE |  | 0 | 0 | 3315 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 807135 | 3486 | SH |  | SOLE |  | 0 | 0 | 3486 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 356312 | 1445 | SH |  | SOLE |  | 0 | 0 | 1445 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 373897 | 2311 | SH |  | SOLE |  | 0 | 0 | 2311 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 2860052 | 11765 | SH |  | SOLE |  | 0 | 0 | 11765 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 2774522 | 11392 | SH |  | SOLE |  | 0 | 0 | 11392 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 3524309 | 16051 | SH |  | SOLE |  | 0 | 0 | 16051 |
| AMERICAN CENTY ETF TR | AVANTIS CORE FI | 025072562 | BBG00XTVX1T7 | 4432118 | 105326 | SH |  | SOLE |  | 0 | 0 | 105326 |
| AMERICAN CENTY ETF TR | AVANTIS EMERGING | 02507A101 | BBG01LV4QQ67 | 989030 | 16503 | SH |  | SOLE |  | 0 | 0 | 16503 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 | BBG00Q6ZDXT0 | 25462450 | 339002 | SH |  | SOLE |  | 0 | 0 | 339002 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 | BBG00Q9MQ6T1 | 35048212 | 444211 | SH |  | SOLE |  | 0 | 0 | 444211 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 | BBG00Q9MR7Z1 | 18455456 | 207295 | SH |  | SOLE |  | 0 | 0 | 207295 |
| AMERICAN CENTY ETF TR | REAL ESTATE ETF | 025072356 | BBG012R478M7 | 17124414 | 384991 | SH |  | SOLE |  | 0 | 0 | 384991 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 | BBG00Q9MPQH1 | 129460817 | 1190992 | SH |  | SOLE |  | 0 | 0 | 1190992 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 | BBG00Q9MQZW3 | 14460051 | 145283 | SH |  | SOLE |  | 0 | 0 | 145283 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 219424 | 1950 | SH |  | SOLE |  | 0 | 0 | 1950 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 783077 | 2358 | SH |  | SOLE |  | 0 | 0 | 2358 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG001SK6096 | 579445 | 1180 | SH |  | SOLE |  | 0 | 0 | 1180 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 913965 | 3239 | SH |  | SOLE |  | 0 | 0 | 3239 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 290194 | 2345 | SH |  | SOLE |  | 0 | 0 | 2345 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 225197 | 917 | SH |  | SOLE |  | 0 | 0 | 917 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 21081576 | 82793 | SH |  | SOLE |  | 0 | 0 | 82793 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 345589 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX86 | 683332 | 951 | SH |  | SOLE |  | 0 | 0 | 951 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | BBG001T51KQ0 | 230076 | 1579 | SH |  | SOLE |  | 0 | 0 | 1579 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 790965 | 28009 | SH |  | SOLE |  | 0 | 0 | 28009 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 251530 | 857 | SH |  | SOLE |  | 0 | 0 | 857 |
| AUTONATION INC | COM | 05329W102 | BBG001S5NQB0 | 209144 | 956 | SH |  | SOLE |  | 0 | 0 | 956 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 201641 | 47 | SH |  | SOLE |  | 0 | 0 | 47 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 432512 | 8384 | SH |  | SOLE |  | 0 | 0 | 8384 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 218081 | 2001 | SH |  | SOLE |  | 0 | 0 | 2001 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 1145242 | 2278 | SH |  | SOLE |  | 0 | 0 | 2278 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 214588 | 184 | SH |  | SOLE |  | 0 | 0 | 184 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 356352 | 66 | SH |  | SOLE |  | 0 | 0 | 66 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2423849 | 7347 | SH |  | SOLE |  | 0 | 0 | 7347 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 420983 | 1980 | SH |  | SOLE |  | 0 | 0 | 1980 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 739792 | 1550 | SH |  | SOLE |  | 0 | 0 | 1550 |
| CBRE GROUP INC | CL A | 12504L109 | BBG001SC2D27 | 201677 | 1280 | SH |  | SOLE |  | 0 | 0 | 1280 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG001S7W158 | 236155 | 1005 | SH |  | SOLE |  | 0 | 0 | 1005 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 597868 | 3850 | SH |  | SOLE |  | 0 | 0 | 3850 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 473362 | 6918 | SH |  | SOLE |  | 0 | 0 | 6918 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 238643 | 2351 | SH |  | SOLE |  | 0 | 0 | 2351 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 322846 | 4868 | SH |  | SOLE |  | 0 | 0 | 4868 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 217554 | 6924 | SH |  | SOLE |  | 0 | 0 | 6924 |
| COMFORT SYS USA INC | COM | 199908104 | BBG001SB1GG8 | 384364 | 466 | SH |  | SOLE |  | 0 | 0 | 466 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 399007 | 4218 | SH |  | SOLE |  | 0 | 0 | 4218 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 642697 | 694 | SH |  | SOLE |  | 0 | 0 | 694 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 227508 | 6407 | SH |  | SOLE |  | 0 | 0 | 6407 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 256852 | 608 | SH |  | SOLE |  | 0 | 0 | 608 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 291968 | 639 | SH |  | SOLE |  | 0 | 0 | 639 |
| DICKS SPORTING GOODS INC | COM | 253393102 | BBG001SK2651 | 264104 | 1188 | SH |  | SOLE |  | 0 | 0 | 1188 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 | BBG01254CL28 | 1717413 | 40164 | SH |  | SOLE |  | 0 | 0 | 40164 |
| DIMENSIONAL ETF TRUST | EMERGING MARKETS | 25434V682 | BBG01B92W7S9 | 23126356 | 562822 | SH |  | SOLE |  | 0 | 0 | 562822 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 | BBG00Y2PHW26 | 7881964 | 249983 | SH |  | SOLE |  | 0 | 0 | 249983 |
| DIMENSIONAL ETF TRUST | GLOBAL CORE PLUS | 25434V583 | BBG01JXC18B3 | 13804199 | 248411 | SH |  | SOLE |  | 0 | 0 | 248411 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 | BBG01BN60P09 | 17872893 | 654445 | SH |  | SOLE |  | 0 | 0 | 654445 |
| DIMENSIONAL ETF TRUST | GLOBAL SUSTAINA | 25434V674 | BBG01BGVG000 | 25945260 | 487052 | SH |  | SOLE |  | 0 | 0 | 487052 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 | BBG01B92VTS2 | 35020403 | 855197 | SH |  | SOLE |  | 0 | 0 | 855197 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 | BBG012G21Y06 | 286890 | 6221 | SH |  | SOLE |  | 0 | 0 | 6221 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 | BBG00Y2PGDN6 | 15566960 | 428252 | SH |  | SOLE |  | 0 | 0 | 428252 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 | BBG01633Y2Y6 | 16948931 | 474893 | SH |  | SOLE |  | 0 | 0 | 474893 |
| DIMENSIONAL ETF TRUST | ULTRASHORT FIXED | 25434V591 | BBG01J9W4CB4 | 3503109 | 68986 | SH |  | SOLE |  | 0 | 0 | 68986 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 | BBG00Y2JG0C0 | 23860648 | 521430 | SH |  | SOLE |  | 0 | 0 | 521430 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 | BBG01J6LTBL5 | 16337934 | 227105 | SH |  | SOLE |  | 0 | 0 | 227105 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 1368734 | 35487 | SH |  | SOLE |  | 0 | 0 | 35487 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 | BBG011DXXNJ2 | 7600430 | 104920 | SH |  | SOLE |  | 0 | 0 | 104920 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 | BBG0177CTQC7 | 2596623 | 58103 | SH |  | SOLE |  | 0 | 0 | 58103 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 1417122 | 20700 | SH |  | SOLE |  | 0 | 0 | 20700 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 | BBG015DG3GG1 | 3647240 | 114549 | SH |  | SOLE |  | 0 | 0 | 114549 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILTY | 25434V716 | BBG01B92NHL4 | 101938700 | 2400105 | SH |  | SOLE |  | 0 | 0 | 2400105 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 | BBG011DXY0L8 | 15301775 | 262872 | SH |  | SOLE |  | 0 | 0 | 262872 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 296241 | 2587 | SH |  | SOLE |  | 0 | 0 | 2587 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 | BBG0112Z58K1 | 217414 | 1923 | SH |  | SOLE |  | 0 | 0 | 1923 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 375638 | 2656 | SH |  | SOLE |  | 0 | 0 | 2656 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 250373 | 669 | SH |  | SOLE |  | 0 | 0 | 669 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1136426 | 1489 | SH |  | SOLE |  | 0 | 0 | 1489 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 524447 | 807 | SH |  | SOLE |  | 0 | 0 | 807 |
| EVERCORE INC | CLASS A | 29977A105 | BBG001SC3S41 | 205693 | 610 | SH |  | SOLE |  | 0 | 0 | 610 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1152281 | 10220 | SH |  | SOLE |  | 0 | 0 | 10220 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | BBG001S5R2V7 | 230802 | 129 | SH |  | SOLE |  | 0 | 0 | 129 |
| FLEX LTD | ORD | Y2573F102 | BBG001SC5SP6 | 318582 | 5496 | SH |  | SOLE |  | 0 | 0 | 5496 |
| FORD MTR CO | COM | 345370860 | BBG001S5TZ33 | 163948 | 13708 | SH |  | SOLE |  | 0 | 0 | 13708 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 446417 | 1484 | SH |  | SOLE |  | 0 | 0 | 1484 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 229358 | 373 | SH |  | SOLE |  | 0 | 0 | 373 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 296610 | 4865 | SH |  | SOLE |  | 0 | 0 | 4865 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 372000 | 3351 | SH |  | SOLE |  | 0 | 0 | 3351 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 418734 | 526 | SH |  | SOLE |  | 0 | 0 | 526 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 671278 | 1657 | SH |  | SOLE |  | 0 | 0 | 1657 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 208086 | 989 | SH |  | SOLE |  | 0 | 0 | 989 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJH69 | 356157 | 1815 | SH |  | SOLE |  | 0 | 0 | 1815 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 208494 | 485 | SH |  | SOLE |  | 0 | 0 | 485 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 201457 | 6005 | SH |  | SOLE |  | 0 | 0 | 6005 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 719852 | 2551 | SH |  | SOLE |  | 0 | 0 | 2551 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 240082 | 352 | SH |  | SOLE |  | 0 | 0 | 352 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 1671179 | 2784 | SH |  | SOLE |  | 0 | 0 | 2784 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 286901 | 3286 | SH |  | SOLE |  | 0 | 0 | 3286 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 543472 | 812 | SH |  | SOLE |  | 0 | 0 | 812 |
| ISHARES TR | DEVSMCP EXNA ETF | 464288497 | BBG001T0KY71 | 218847 | 3248 | SH |  | SOLE |  | 0 | 0 | 3248 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 | BBG00M0P3SC7 | 4415166 | 173008 | SH |  | SOLE |  | 0 | 0 | 173008 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 | BBG00HPLJP02 | 4500933 | 184919 | SH |  | SOLE |  | 0 | 0 | 184919 |
| ISHARES TR | IBONDS DEC 2029 | 46436E163 | BBG01GKB2879 | 3082959 | 120758 | SH |  | SOLE |  | 0 | 0 | 120758 |
| ISHARES TR | IBONDS DEC 2030 | 46436E726 | BBG00VJHRTY3 | 2967292 | 133964 | SH |  | SOLE |  | 0 | 0 | 133964 |
| ISHARES TR | IBONDS DEC 2030 | 46438G687 | BBG01MZM71Q5 | 2824300 | 108294 | SH |  | SOLE |  | 0 | 0 | 108294 |
| ISHARES TR | IBONDS DEC 2031 | 46438G356 | BBG01T2H0PZ1 | 1078421 | 41662 | SH |  | SOLE |  | 0 | 0 | 41662 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 | BBG011HVQSJ9 | 2326524 | 109638 | SH |  | SOLE |  | 0 | 0 | 109638 |
| ISHARES TR | IBONDS DEC 2032 | 46436E312 | BBG018GV5WV5 | 1767837 | 69002 | SH |  | SOLE |  | 0 | 0 | 69002 |
| ISHARES TR | IBONDS DEC 2033 | 46436E130 | BBG01H4B2BK3 | 1693723 | 64572 | SH |  | SOLE |  | 0 | 0 | 64572 |
| ISHARES TR | IBONDS DEC 2034 | 46438G653 | BBG01MZM6LV6 | 1452515 | 54874 | SH |  | SOLE |  | 0 | 0 | 54874 |
| ISHARES TR | IBONDS DEC 26 | 46435U259 | BBG00NSLFHR9 | 5102776 | 198861 | SH |  | SOLE |  | 0 | 0 | 198861 |
| ISHARES TR | IBONDS DEC 27 | 46435U283 | BBG00NVC3ZF1 | 4780116 | 187639 | SH |  | SOLE |  | 0 | 0 | 187639 |
| ISHARES TR | IBONDS DEC 28 | 46435U325 | BBG00NX0QLT6 | 3324135 | 129646 | SH |  | SOLE |  | 0 | 0 | 129646 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 | BBG00Q79F703 | 3924847 | 167228 | SH |  | SOLE |  | 0 | 0 | 167228 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 | BBG00DST7FD2 | 4988373 | 205283 | SH |  | SOLE |  | 0 | 0 | 205283 |
| ISHARES TR | IBONDS OCT 2026 | 46438G505 | BBG01JD01KN1 | 7684948 | 296317 | SH |  | SOLE |  | 0 | 0 | 296317 |
| ISHARES TR | IBONDS OCT 2027 | 46438G604 | BBG01JCY0204 | 6875266 | 261765 | SH |  | SOLE |  | 0 | 0 | 261765 |
| ISHARES TR | IBONDS OCT 2028 | 46438G703 | BBG01JCZZS15 | 6751885 | 255222 | SH |  | SOLE |  | 0 | 0 | 255222 |
| ISHARES TR | IBONDS OCT 2029 | 46438G802 | BBG01JFZG390 | 6045312 | 227910 | SH |  | SOLE |  | 0 | 0 | 227910 |
| ISHARES TR | IBONDS OCT 2030 | 46438G885 | BBG01JFZGPQ2 | 5140801 | 192684 | SH |  | SOLE |  | 0 | 0 | 192684 |
| ISHARES TR | IBONDS OCT 2031 | 46438G877 | BBG01JFZJT72 | 4506108 | 169510 | SH |  | SOLE |  | 0 | 0 | 169510 |
| ISHARES TR | IBONDS OCT 2032 | 46438G869 | BBG01JFZMBG7 | 3484551 | 132453 | SH |  | SOLE |  | 0 | 0 | 132453 |
| ISHARES TR | IBONDS OCT 2033 | 46438G851 | BBG01JFZDG12 | 3400892 | 128895 | SH |  | SOLE |  | 0 | 0 | 128895 |
| ISHARES TR | IBONDS OCT 2034 | 46438G679 | BBG01MZM62D8 | 2860297 | 109151 | SH |  | SOLE |  | 0 | 0 | 109151 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 284485 | 8997 | SH |  | SOLE |  | 0 | 0 | 8997 |
| JABIL INC | COM | 466313103 | BBG001S7RB70 | 369197 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 719147 | 3878 | SH |  | SOLE |  | 0 | 0 | 3878 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 202968 | 1846 | SH |  | SOLE |  | 0 | 0 | 1846 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 1972304 | 6253 | SH |  | SOLE |  | 0 | 0 | 6253 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 467260 | 433 | SH |  | SOLE |  | 0 | 0 | 433 |
| KROGER CO | COM | 501044101 | BBG001S5SN40 | 265384 | 3937 | SH |  | SOLE |  | 0 | 0 | 3937 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 383490 | 2864 | SH |  | SOLE |  | 0 | 0 | 2864 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 401302 | 845 | SH |  | SOLE |  | 0 | 0 | 845 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 283052 | 567 | SH |  | SOLE |  | 0 | 0 | 567 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 215260 | 857 | SH |  | SOLE |  | 0 | 0 | 857 |
| LPL FINL HLDGS INC | COM | 50212V100 | BBG001T5GK39 | 211591 | 636 | SH |  | SOLE |  | 0 | 0 | 636 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 227625 | 1181 | SH |  | SOLE |  | 0 | 0 | 1181 |
| MASTEC INC | COM | 576323109 | BBG001S95HF8 | 218556 | 1027 | SH |  | SOLE |  | 0 | 0 | 1027 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 881743 | 1550 | SH |  | SOLE |  | 0 | 0 | 1550 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 251264 | 827 | SH |  | SOLE |  | 0 | 0 | 827 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 324054 | 3861 | SH |  | SOLE |  | 0 | 0 | 3861 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 2531718 | 3447 | SH |  | SOLE |  | 0 | 0 | 3447 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG001S6P675 | 411847 | 2461 | SH |  | SOLE |  | 0 | 0 | 2461 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 7615257 | 14703 | SH |  | SOLE |  | 0 | 0 | 14703 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 531296 | 3342 | SH |  | SOLE |  | 0 | 0 | 3342 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 253339 | 554 | SH |  | SOLE |  | 0 | 0 | 554 |
| MR COOPER GROUP INC | COM | 62482R107 | BBG002V09956 | 221537 | 1051 | SH |  | SOLE |  | 0 | 0 | 1051 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 425617 | 355 | SH |  | SOLE |  | 0 | 0 | 355 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 280493 | 3327 | SH |  | SOLE |  | 0 | 0 | 3327 |
| NRG ENERGY INC | COM NEW | 629377508 | BBG001SDD8F0 | 237999 | 1470 | SH |  | SOLE |  | 0 | 0 | 1470 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 7016529 | 37606 | SH |  | SOLE |  | 0 | 0 | 37606 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 1143540 | 4066 | SH |  | SOLE |  | 0 | 0 | 4066 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 257395 | 1411 | SH |  | SOLE |  | 0 | 0 | 1411 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 399021 | 526 | SH |  | SOLE |  | 0 | 0 | 526 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 500454 | 3563 | SH |  | SOLE |  | 0 | 0 | 3563 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 215726 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 685367 | 4461 | SH |  | SOLE |  | 0 | 0 | 4461 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 204969 | 830 | SH |  | SOLE |  | 0 | 0 | 830 |
| PROSHARES TR II | ULTA BLMBG 2017 | 74347Y888 | BBG001T0D0D6 | 481072 | 21400 | SH |  | SOLE |  | 0 | 0 | 21400 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 343480 | 2065 | SH |  | SOLE |  | 0 | 0 | 2065 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 385657 | 931 | SH |  | SOLE |  | 0 | 0 | 931 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | BBG008NMBXP6 | 539932 | 3771 | SH |  | SOLE |  | 0 | 0 | 3771 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 | BBG001S5RMJ7 | 338141 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 361902 | 2163 | SH |  | SOLE |  | 0 | 0 | 2163 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 351961 | 3687 | SH |  | SOLE |  | 0 | 0 | 3687 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | BBG0113JGQG9 | 205608 | 871 | SH |  | SOLE |  | 0 | 0 | 871 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1612489 | 2420 | SH |  | SOLE |  | 0 | 0 | 2420 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 287923 | 2065 | SH |  | SOLE |  | 0 | 0 | 2065 |
| TAPESTRY INC | COM | 876030107 | BBG001SFH7D5 | 262557 | 2319 | SH |  | SOLE |  | 0 | 0 | 2319 |
| TARGA RES CORP | COM | 87612G101 | BBG001TC94B9 | 423254 | 2526 | SH |  | SOLE |  | 0 | 0 | 2526 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 553346 | 1244 | SH |  | SOLE |  | 0 | 0 | 1244 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 241540 | 1315 | SH |  | SOLE |  | 0 | 0 | 1315 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 227362 | 469 | SH |  | SOLE |  | 0 | 0 | 469 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 304824 | 2109 | SH |  | SOLE |  | 0 | 0 | 2109 |
| T-MOBILE US INC | COM | 872590104 | BBG001SKR9Y6 | 389112 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 268825 | 637 | SH |  | SOLE |  | 0 | 0 | 637 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 279499 | 1001 | SH |  | SOLE |  | 0 | 0 | 1001 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 297826 | 1260 | SH |  | SOLE |  | 0 | 0 | 1260 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 414322 | 434 | SH |  | SOLE |  | 0 | 0 | 434 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | BBG001S8RV10 | 216921 | 517 | SH |  | SOLE |  | 0 | 0 | 517 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 364429 | 1055 | SH |  | SOLE |  | 0 | 0 | 1055 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 830052 | 3977 | SH |  | SOLE |  | 0 | 0 | 3977 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 7992029 | 24353 | SH |  | SOLE |  | 0 | 0 | 24353 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 727548 | 13428 | SH |  | SOLE |  | 0 | 0 | 13428 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 | BBG001SHTV36 | 225008 | 2562 | SH |  | SOLE |  | 0 | 0 | 2562 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 17520588 | 373096 | SH |  | SOLE |  | 0 | 0 | 373096 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 359938 | 1668 | SH |  | SOLE |  | 0 | 0 | 1668 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 693394 | 11572 | SH |  | SOLE |  | 0 | 0 | 11572 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 | BBG00M0P2SP4 | 397603 | 3357 | SH |  | SOLE |  | 0 | 0 | 3357 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 390698 | 1505 | SH |  | SOLE |  | 0 | 0 | 1505 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 | BBG001SHVTX5 | 307845 | 1039 | SH |  | SOLE |  | 0 | 0 | 1039 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 2048006 | 2743 | SH |  | SOLE |  | 0 | 0 | 2743 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 527444 | 12001 | SH |  | SOLE |  | 0 | 0 | 12001 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1032345 | 3024 | SH |  | SOLE |  | 0 | 0 | 3024 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 488624 | 2494 | SH |  | SOLE |  | 0 | 0 | 2494 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1008749 | 9788 | SH |  | SOLE |  | 0 | 0 | 9788 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 262728 | 1190 | SH |  | SOLE |  | 0 | 0 | 1190 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 418607 | 4994 | SH |  | SOLE |  | 0 | 0 | 4994 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 249234 | 3934 | SH |  | SOLE |  | 0 | 0 | 3934 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG001SBW7S1 | 293583 | 1502 | SH |  | SOLE |  | 0 | 0 | 1502 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 | BBG00L8YYQ05 | 7669846 | 100325 | SH |  | SOLE |  | 0 | 0 | 100325 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 219933 | 2727 | SH |  | SOLE |  | 0 | 0 | 2727 |

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