# EDGAR Filing Document

**Accession Number:** 0001910168
**File Stem:** 0001910168-25-000007
**Filing Date:** 2025-11
**Character Count:** 25135
**Document Hash:** 6e7a754b152b6a6c413473725a0c8674
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001910168-25-000007.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001910168-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ameliora Wealth Management Ltd.
- **CENTRAL INDEX KEY:** 0001910168

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21671
- **FILM NUMBER:** 251470683

**BUSINESS ADDRESS:**
- **STREET 1:** BEETHOVENSTRASSE 19
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8002
- **BUSINESS PHONE:** 00433361093

**MAIL ADDRESS:**
- **STREET 1:** BEETHOVENSTRASSE 19
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8002

### 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:** Ameliora Wealth Management Ltd.<br>**Address:** BEETHOVENSTRASSE 19<br>ZURICH, V8 8002

**Form 13F File Number:** 028-21671

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:** Stefan Demuth<br>**Title:** Chief Executive Officer<br>**Phone:** 0433361093

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

Stefan Demuth  Zurich, V8  11-12-2025<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:** 221

**Form 13F Information Table Value Total:** $300339753

      (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 |
| ATT INC | COM | 00206R102 |  | 93418 | 3308 | SH |  | SOLE |  | 3308 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 18703794 | 508144 | SH |  | SOLE |  | 508144 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 53618 | 152 | SH |  | SOLE |  | 152 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | ADVANCED MICRO DEVICES INC | 007903107 |  | 299312 | 1850 | SH |  | SOLE |  | 1850 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 71492 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1875579 | 7701 | SH |  | SOLE |  | 7701 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3748116 | 15418 | SH |  | SOLE |  | 15418 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3160051 | 14392 | SH |  | SOLE |  | 14392 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 11240 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 41339 | 297 | SH |  | SOLE |  | 297 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 347200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ANALOG DEVICES INC | ANALOG DEVICES INC | 032654105 |  | 23096 | 94 | SH |  | SOLE |  | 94 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 2443772 | 18337 | SH |  | SOLE |  | 18337 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5118063 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 413597 | 8017 | SH |  | SOLE |  | 8017 | 0 | 0 |
| BARCLAYS BANK PLC | IPATH SELCT MLP | 06742C723 |  | 486815 | 17007 | SH |  | SOLE |  | 17007 | 0 | 0 |
| BARCLAYS BANK PLC | IPATH SER B ETN | 06747C322 |  | 9318 | 309 | SH |  | SOLE |  | 309 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 658589 | 1310 | SH |  | SOLE |  | 1310 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 629924 | 3687 | SH |  | SOLE |  | 3687 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 26815 | 23 | SH |  | SOLE |  | 23 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 971235 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 134982 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 4228 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 129080 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 5223135 | 15832 | SH |  | SOLE |  | 15832 | 0 | 0 |
| BROOKFIELD REAL ASSETS INCOM | SHS BEN INT | 112830104 |  | 31797 | 2380 | SH |  | SOLE |  | 2380 | 0 | 0 |
| C3 AI INC | CL A | 12468P104 |  | 28264 | 1630 | SH |  | SOLE |  | 1630 | 0 | 0 |
| CME GROUP INC | CME GROUP INC | 12572Q105 |  | 27830 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 108562 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| CAMBRIA ETF TR | SHSHLD YIELD ETF | 132061201 |  | 20804 | 303 | SH |  | SOLE |  | 303 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 163185 | 342 | SH |  | SOLE |  | 342 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 23028 | 98 | SH |  | SOLE |  | 98 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 337600 | 2174 | SH |  | SOLE |  | 2174 | 0 | 0 |
| CISCO SYS INC | CISCO SYS INC | 17275R102 |  | 32978 | 482 | SH |  | SOLE |  | 482 | 0 | 0 |
| CITIGROUP INC | CITIGROUP INC | 172967424 |  | 3603752 | 35505 | SH |  | SOLE |  | 35505 | 0 | 0 |
| CITIZENS FINL GROUP INC | CITIZENS FINL GROUP INC | 174610105 |  | 22327 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 293774 | 1369 | SH |  | SOLE |  | 1369 | 0 | 0 |
| CONSTELLATION ENERGY CORP | CONSTELLATION ENERGY CORP | 21037T109 |  | 42779 | 130 | SH |  | SOLE |  | 130 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 30434 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 583147 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 362881 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| DBX ETF TR | XTRACKERS MSCI | 233051150 |  | 35335 | 576 | SH |  | SOLE |  | 576 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 4158354 | 48932 | SH |  | SOLE |  | 48932 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 41238 | 208 | SH |  | SOLE |  | 208 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 150232 | 1055 | SH |  | SOLE |  | 1055 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 150276 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| DIGITAL RLTY TR INC | DIGITAL RLTY TR INC | 253868103 |  | 181524 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 549600 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 31005 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6188 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 24494 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 191702 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 151275 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 637714 | 5656 | SH |  | SOLE |  | 5656 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1401197 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 22448 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 15189 | 113 | SH |  | SOLE |  | 113 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 14442 | 190 | SH |  | SOLE |  | 190 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 6114057 | 40469 | SH |  | SOLE |  | 40469 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 26101 | 1431 | SH |  | SOLE |  | 1431 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 33741X102 |  | 47334 | 1245 | SH |  | SOLE |  | 1245 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 176988 | 2105 | SH |  | SOLE |  | 2105 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 39052 | 520 | SH |  | SOLE |  | 520 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 338195 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1297437 | 4313 | SH |  | SOLE |  | 4313 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 190520 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 3627896 | 51650 | SH |  | SOLE |  | 51650 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2075288 | 2606 | SH |  | SOLE |  | 2606 | 0 | 0 |
| GRAYSCALE ETHEREUM MINI TR E | SHS NEW | 38964R203 |  | 15672 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 17048 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| HECLA MNG CO | HECLA MNG CO | 422704106 |  | 60500 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 18161 | 70 | SH |  | SOLE |  | 70 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 544575 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 40206 | 191 | SH |  | SOLE |  | 191 | 0 | 0 |
| HOULIHAN LOKEY INC | HOULIHAN LOKEY INC | 441593100 |  | 34699 | 169 | SH |  | SOLE |  | 169 | 0 | 0 |
| HOWMET AEROSPACE INC | HOWMET AEROSPACE INC | 443201108 |  | 23548 | 120 | SH |  | SOLE |  | 120 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 83132 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 18528 | 29 | SH |  | SOLE |  | 29 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 244915 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 648672 | 9427 | SH |  | SOLE |  | 9427 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 39087 | 232 | SH |  | SOLE |  | 232 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6556581 | 10921 | SH |  | SOLE |  | 10921 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 9374 | 698 | SH |  | SOLE |  | 698 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 466014 | 1042 | SH |  | SOLE |  | 1042 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | SP500 EQL WGT | 46137V357 |  | 340701 | 1796 | SH |  | SOLE |  | 1796 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 443439 | 4350 | SH |  | SOLE |  | 4350 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 3182284 | 75107 | SH |  | SOLE |  | 75107 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 909625 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| ISHARES INC | MSCI WORLD ETF | 464286392 |  | 36312 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 320540 | 10340 | SH |  | SOLE |  | 10340 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 65920 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ISHARES INC | MSCI SWITZERLAND | 464286749 |  | 1520647 | 27528 | SH |  | SOLE |  | 27528 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 4106395 | 98691 | SH |  | SOLE |  | 98691 | 0 | 0 |
| ISHARES TR | SP 100 ETF | 464287101 |  | 946930 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| ISHARES TR | CORE SP500 ETF | 464287200 |  | 20074984 | 29994 | SH |  | SOLE |  | 29994 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 12379472 | 123486 | SH |  | SOLE |  | 123486 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 120470 | 2256 | SH |  | SOLE |  | 2256 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 164418 | 1475 | SH |  | SOLE |  | 1475 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 143521 | 1730 | SH |  | SOLE |  | 1730 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 28482 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ISHARES TR | CORE SP MCP ETF | 464287507 |  | 979487 | 15009 | SH |  | SOLE |  | 15009 | 0 | 0 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 1152800 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 38714 | 160 | SH |  | SOLE |  | 160 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 116100 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 23798 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 18269709 | 337765 | SH |  | SOLE |  | 337765 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 6388736 | 120474 | SH |  | SOLE |  | 120474 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 880985 | 4210 | SH |  | SOLE |  | 4210 | 0 | 0 |
| ISHARES TR | MSCI EURO FL ETF | 464289180 |  | 2131072 | 62058 | SH |  | SOLE |  | 62058 | 0 | 0 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 9322435 | 34067 | SH |  | SOLE |  | 34067 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 490301 | 9418 | SH |  | SOLE |  | 9418 | 0 | 0 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 623809 | 12210 | SH |  | SOLE |  | 12210 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 2476157 | 48287 | SH |  | SOLE |  | 48287 | 0 | 0 |
| ISHARES U S ETF TR | BLOOMBERG ROLL | 46431W598 |  | 17989 | 342 | SH |  | SOLE |  | 342 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 168441 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 25529 | 645 | SH |  | SOLE |  | 645 | 0 | 0 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 24982037 | 542557 | SH |  | SOLE |  | 542557 | 0 | 0 |
| ISHARES TR | FALN ANGLS USD | 46435G474 |  | 14057 | 506 | SH |  | SOLE |  | 506 | 0 | 0 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 480300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 885170 | 13618 | SH |  | SOLE |  | 13618 | 0 | 0 |
| ISHARES TR | MSCI GLOBAL QUAL | 46438G497 |  | 205336 | 7570 | SH |  | SOLE |  | 7570 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4009115 | 12710 | SH |  | SOLE |  | 12710 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 129794 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 80895 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 254790 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 27411 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 88163 | 265 | SH |  | SOLE |  | 265 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 11456 | 130 | SH |  | SOLE |  | 130 | 0 | 0 |
| LEGG MASON ETF INVT | FRANKLIN CLEARBR | 524682309 |  | 109226 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 995715 | 1305 | SH |  | SOLE |  | 1305 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 403101 | 1604 | SH |  | SOLE |  | 1604 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 33535 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MARINEMAX INC | COM | 567908108 |  | 445808 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | MARTIN MARIETTA MATLS INC | 573284106 |  | 41598 | 66 | SH |  | SOLE |  | 66 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 30857 | 145 | SH |  | SOLE |  | 145 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2397534 | 4215 | SH |  | SOLE |  | 4215 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 30693 | 101 | SH |  | SOLE |  | 101 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 131332 | 170 | SH |  | SOLE |  | 170 | 0 | 0 |
| MERCADOLIBRE INC | MERCADOLIBRE INC | 58733R102 |  | 165923 | 71 | SH |  | SOLE |  | 71 | 0 | 0 |
| MICROSOFT CORP | MICROSOFT CORP | 594918104 |  | 5686573 | 10979 | SH |  | SOLE |  | 10979 | 0 | 0 |
| MICRON TECHNOLOGY INC | MICRON TECHNOLOGY INC | 595112103 |  | 336481 | 2011 | SH |  | SOLE |  | 2011 | 0 | 0 |
| MID-AMER APT CMNTYS INC | MID-AMER APT CMNTYS INC | 59522J103 |  | 167676 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 115087 | 724 | SH |  | SOLE |  | 724 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 1714 | 225 | SH |  | SOLE |  | 225 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 724148 | 604 | SH |  | SOLE |  | 604 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 54690 | 656 | SH |  | SOLE |  | 656 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 81529 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| NUVEEN SP 500 BUY-WRITE INC | COM | 6706ER101 |  | 2888 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8190116 | 43896 | SH |  | SOLE |  | 43896 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 1229 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 17789 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 357 | 14 | SH |  | SOLE |  | 14 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1027370 | 3653 | SH |  | SOLE |  | 3653 | 0 | 0 |
| PALO ALTO NETWORKS INC | PALO ALTO NETWORKS INC | 697435105 |  | 948258 | 4657 | SH |  | SOLE |  | 4657 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 65719 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 226670 | 1614 | SH |  | SOLE |  | 1614 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 50640 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 224329 | 1460 | SH |  | SOLE |  | 1460 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 318812 | 1291 | SH |  | SOLE |  | 1291 | 0 | 0 |
| PROSHARES TR | RUSS 2000 DIVD | 74347B698 |  | 33320 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 4150 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| Q2 HLDGS INC | COM | 74736L109 |  | 23165 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 180334 | 1084 | SH |  | SOLE |  | 1084 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 941562 | 2272 | SH |  | SOLE |  | 2272 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 57896 | 346 | SH |  | SOLE |  | 346 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 11429 | 188 | SH |  | SOLE |  | 188 | 0 | 0 |
| REGENERON PHARMACEUTICALS | REGENERON PHARMACEUTICALS | 75886F107 |  | 32612 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | REGIONS FINANCIAL CORP NEW | 7591EP100 |  | 26370 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 427745 | 6480 | SH |  | SOLE |  | 6480 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 56774 | 567 | SH |  | SOLE |  | 567 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 71811 | 144 | SH |  | SOLE |  | 144 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 123032 | 1720 | SH |  | SOLE |  | 1720 | 0 | 0 |
| SP GLOBAL INC | COM | 78409V104 |  | 498878 | 1025 | SH |  | SOLE |  | 1025 | 0 | 0 |
| SPDR SP 500 ETF TR | TR UNIT | 78462F103 |  | 8078765 | 12127 | SH |  | SOLE |  | 12127 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 952660 | 2680 | SH |  | SOLE |  | 2680 | 0 | 0 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 213072 | 3430 | SH |  | SOLE |  | 3430 | 0 | 0 |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 |  | 13597 | 327 | SH |  | SOLE |  | 327 | 0 | 0 |
| SSGA ACTIVE ETF TR | ULT SHT TRM BD | 78467V707 |  | 1129839 | 27767 | SH |  | SOLE |  | 27767 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG INVT | 78468R200 |  | 18825217 | 610020 | SH |  | SOLE |  | 610020 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 1482955 | 16163 | SH |  | SOLE |  | 16163 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 23700 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 126148 | 1412 | SH |  | SOLE |  | 1412 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 538700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 130680 | 142 | SH |  | SOLE |  | 142 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 133300 | 591 | SH |  | SOLE |  | 591 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 13651 | 187 | SH |  | SOLE |  | 187 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 63338 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 83327 | 1153 | SH |  | SOLE |  | 1153 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 2982727 | 20636 | SH |  | SOLE |  | 20636 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 14373333 | 60044 | SH |  | SOLE |  | 60044 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 |  | 551598 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | TAKE-TWO INTERACTIVE SOFTWAR | 874054109 |  | 16793 | 65 | SH |  | SOLE |  | 65 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 181672 | 310 | SH |  | SOLE |  | 310 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 269500 | 606 | SH |  | SOLE |  | 606 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 60600 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | THERMO FISHER SCIENTIFIC INC | 883556102 |  | 315263 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 116385 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| TRANSPORTADORA DE GAS SUR | SPONSORED ADS B | 893870204 |  | 15015 | 714 | SH |  | SOLE |  | 714 | 0 | 0 |
| US BANCORP DEL | US BANCORP DEL | 902973304 |  | 212652 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 27338 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| UNITEDHEALTH GROUP INC | UNITEDHEALTH GROUP INC | 91324P102 |  | 1381200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1609442 | 21066 | SH |  | SOLE |  | 21066 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 107316 | 1443 | SH |  | SOLE |  | 1443 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 14043 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 10448 | 51 | SH |  | SOLE |  | 51 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 427869 | 3105 | SH |  | SOLE |  | 3105 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 270900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 7043308 | 88262 | SH |  | SOLE |  | 88262 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 374290 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| VANGUARD INDEX FDS | SP 500 ETF SHS | 922908363 |  | 1316578 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 305515 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1173 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 35380 | 805 | SH |  | SOLE |  | 805 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3416190 | 10007 | SH |  | SOLE |  | 10007 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 10974 | 319 | SH |  | SOLE |  | 319 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 15541 | 230 | SH |  | SOLE |  | 230 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3704389 | 35944 | SH |  | SOLE |  | 35944 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3260776 | 14766 | SH |  | SOLE |  | 14766 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 359923 | 4294 | SH |  | SOLE |  | 4294 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 32688 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 228041 | 761 | SH |  | SOLE |  | 761 | 0 | 0 |

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