# EDGAR Filing Document

**Accession Number:** 0002109121
**File Stem:** 0001172661-26-001973
**Filing Date:** 2026-5
**Character Count:** 21031
**Document Hash:** d0bee54f270e69ffeb8ba1950c25ca70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-001973.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001172661-26-001973

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alvarez & Marsal Private Wealth Partners, LLC
- **CENTRAL INDEX KEY:** 0002109121

**ORGANIZATION NAME:**
- **EIN:** 992371387
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26320
- **FILM NUMBER:** 26980152

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BANYAN BOULEVARD
- **STREET 2:** 10TH FLOOR
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** (561) 268-0900

**MAIL ADDRESS:**
- **STREET 1:** 300 BANYAN BOULEVARD
- **STREET 2:** 10TH FLOOR
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

### 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:** Alvarez  Marsal Private Wealth Partners LLC<br>**Address:** 300 BANYAN BOULEVARD<br>10TH FLOOR<br>WEST PALM BEACH, FL 33401

**Form 13F File Number:** 028-26320

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:** Michael Murgio<br>**Title:** Chief Investment Officer Managing Director<br>**Phone:** 561-268-0900

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

/s/ Michael Murgio  West Palm Beach, FL  05-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 177

**Form 13F Information Table Value Total:** $712164161

      (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.]

|   No. | Name                                     | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Saratoga Research  Investment Management | 028-13757              |  |  |
|     2 | Grantham Mayo Van Otterloo  Co. LLC      | 028-11599              |  |  |
|     3 | Madison Investment Advisors LLC          | 028-14137              |  |  |
|     4 | Smead Capital Management Inc.            | 028-12979              |  |  |

### 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 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 289324 | 2818 | SH |  | SOLE |  | 2818 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1223599 | 5626 | SH |  | SOLE |  | 5626 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 286132 | 1443 | SH |  | SOLE |  | 1443 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 296315 | 1219 | SH |  | SOLE |  | 1219 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 541938 | 2664 | SH |  | SOLE |  | 2664 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 265232 | 3520 | SH |  | SOLE |  | 3520 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 493955 | 2370 | SH |  | SOLE |  | 2370 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2589772 | 9028 | SH |  | SOLE |  | 9028 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 36527597 | 127026 | SH |  | SOLE |  | 127026 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4121038 | 19787 | SH |  | SOLE |  | 19787 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 251966 | 833 | SH |  | SOLE |  | 833 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 202347 | 2689 | SH |  | SOLE |  | 2689 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 486609 | 1383 | SH |  | SOLE |  | 1383 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 360557 | 2848 | SH |  | SOLE |  | 2848 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 560245 | 1761 | SH |  | SOLE |  | 1761 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7787042 | 30683 | SH |  | SOLE |  | 30683 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 734849 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 485595 | 3955 | SH |  | SOLE |  | 3955 | 0 | 0 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 201581 | 3215 | SH |  | SOLE |  | 3215 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 515338 | 2366 | SH |  | SOLE |  | 2366 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 471725 | 16272 | SH |  | SOLE |  | 16272 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 239822 | 71 | SH |  | SOLE |  | 71 | 0 | 0 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 140492 | 12455 | SH |  | SOLE |  | 12455 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 548681 | 11255 | SH |  | SOLE |  | 11255 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 15262520 | 31850 | SH |  | SOLE |  | 31850 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 385646 | 401 | SH |  | SOLE |  | 401 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 237224 | 2063 | SH |  | SOLE |  | 2063 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 239988 | 57 | SH |  | SOLE |  | 57 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 236574 | 4360 | SH |  | SOLE |  | 4360 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 237445 | 3915 | SH |  | SOLE |  | 3915 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 3717215 | 12010 | SH |  | SOLE |  | 12010 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 433960 | 10723 | SH |  | SOLE |  | 10723 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 559233 | 5149 | SH |  | SOLE |  | 5149 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 441116 | 2418 | SH |  | SOLE |  | 2418 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 726172 | 1025 | SH |  | SOLE |  | 1025 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 246587 | 869 | SH |  | SOLE |  | 869 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 610148 | 2949 | SH |  | SOLE |  | 2949 | 0 | 0 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 644320 | 1971 | SH |  | SOLE |  | 1971 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 271761 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 968168 | 12478 | SH |  | SOLE |  | 12478 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 243945 | 2151 | SH |  | SOLE |  | 2151 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 288557 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 353646 | 4618 | SH |  | SOLE |  | 4618 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 368120 | 4060 | SH |  | SOLE |  | 4060 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 213198 | 895 | SH |  | SOLE |  | 895 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 253734 | 184 | SH |  | SOLE |  | 184 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 380556 | 2883 | SH |  | SOLE |  | 2883 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 619656 | 2219 | SH |  | SOLE |  | 2219 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 1181766 | 1186 | SH |  | SOLE |  | 1186 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 511483 | 1508 | SH |  | SOLE |  | 1508 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 332239 | 851 | SH |  | SOLE |  | 851 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 266320 | 495 | SH |  | SOLE |  | 495 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 288215 | 423 | SH |  | SOLE |  | 423 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 341050 | 1795 | SH |  | SOLE |  | 1795 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 242351 | 429 | SH |  | SOLE |  | 429 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 208374 | 2162 | SH |  | SOLE |  | 2162 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 818707 | 2289 | SH |  | SOLE |  | 2289 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1592122 | 1731 | SH |  | SOLE |  | 1731 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 523462 | 709 | SH |  | SOLE |  | 709 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1289755 | 7602 | SH |  | SOLE |  | 7602 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 228426 | 438 | SH |  | SOLE |  | 438 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 432898 | 1523 | SH |  | SOLE |  | 1523 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 331019 | 379 | SH |  | SOLE |  | 379 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 275813 | 1979 | SH |  | SOLE |  | 1979 | 0 | 0 |
| GMO ETF TRUST | GMO US QUALITY E | 90139K100 |  | 62533563 | 1725553 | SH |  | SOLE |  | 1725553 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1396729 | 1651 | SH |  | SOLE |  | 1651 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 415559 | 7465 | SH |  | SOLE |  | 7465 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 284925 | 28464 | SH |  | SOLE |  | 28464 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 655149 | 1992 | SH |  | SOLE |  | 1992 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 228290 | 1010 | SH |  | SOLE |  | 1010 | 0 | 0 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 202529 | 2390 | SH |  | SOLE |  | 2390 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 249296 | 508 | SH |  | SOLE |  | 508 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 273518 | 6198 | SH |  | SOLE |  | 6198 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 219720 | 1397 | SH |  | SOLE |  | 1397 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 414729 | 1711 | SH |  | SOLE |  | 1711 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 445777 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 71925960 | 956589 | SH |  | SOLE |  | 956589 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 55793682 | 96666 | SH |  | SOLE |  | 96666 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 5740098 | 65110 | SH |  | SOLE |  | 65110 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 9085984 | 130265 | SH |  | SOLE |  | 130265 | 0 | 0 |
| ISHARES TR | SELECT US REIT | 464287564 |  | 229736 | 3712 | SH |  | SOLE |  | 3712 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 322233 | 4334 | SH |  | SOLE |  | 4334 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 344864 | 1819 | SH |  | SOLE |  | 1819 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 366165 | 1909 | SH |  | SOLE |  | 1909 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 379070 | 889 | SH |  | SOLE |  | 889 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 420289 | 1967 | SH |  | SOLE |  | 1967 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 434635 | 4801 | SH |  | SOLE |  | 4801 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 561761 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 1578465 | 13326 | SH |  | SOLE |  | 13326 | 0 | 0 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 2184832 | 15098 | SH |  | SOLE |  | 15098 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 15437177 | 73110 | SH |  | SOLE |  | 73110 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 27973460 | 247312 | SH |  | SOLE |  | 247312 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 234294 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS EUR | 46641Q191 |  | 293478 | 4053 | SH |  | SOLE |  | 4053 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 228442 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 998049 | 4083 | SH |  | SOLE |  | 4083 | 0 | 0 |
| JOHNSON CONTROLS INTERNATION | SHS | G51502105 |  | 207664 | 1581 | SH |  | SOLE |  | 1581 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2843645 | 9667 | SH |  | SOLE |  | 9667 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 771543 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 511167 | 1481 | SH |  | SOLE |  | 1481 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 518756 | 2425 | SH |  | SOLE |  | 2425 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 467502 | 943 | SH |  | SOLE |  | 943 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 297964 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 331265 | 1402 | SH |  | SOLE |  | 1402 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 432199 | 1770 | SH |  | SOLE |  | 1770 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1228607 | 2459 | SH |  | SOLE |  | 2459 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 313898 | 1010 | SH |  | SOLE |  | 1010 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 245995 | 284 | SH |  | SOLE |  | 284 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 218225 | 2498 | SH |  | SOLE |  | 2498 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 488073 | 4029 | SH |  | SOLE |  | 4029 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2414389 | 4220 | SH |  | SOLE |  | 4220 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 628999 | 1861 | SH |  | SOLE |  | 1861 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 29097795 | 78607 | SH |  | SOLE |  | 78607 | 0 | 0 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 83291 | 10490 | SH |  | SOLE |  | 10490 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 954177 | 5798 | SH |  | SOLE |  | 5798 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 947078 | 9850 | SH |  | SOLE |  | 9850 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 278235 | 2467 | SH |  | SOLE |  | 2467 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 324616 | 3495 | SH |  | SOLE |  | 3495 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 426400 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 277852 | 1819 | SH |  | SOLE |  | 1819 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7674073 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 482668 | 3281 | SH |  | SOLE |  | 3281 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 257545 | 2790 | SH |  | SOLE |  | 2790 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 440010 | 3008 | SH |  | SOLE |  | 3008 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 449217 | 2802 | SH |  | SOLE |  | 2802 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 266944 | 1719 | SH |  | SOLE |  | 1719 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 403513 | 2419 | SH |  | SOLE |  | 2419 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 407610 | 2822 | SH |  | SOLE |  | 2822 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 306876 | 1548 | SH |  | SOLE |  | 1548 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 233166 | 1764 | SH |  | SOLE |  | 1764 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 228279 | 2820 | SH |  | SOLE |  | 2820 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 243991 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 282286 | 2192 | SH |  | SOLE |  | 2192 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 513883 | 936 | SH |  | SOLE |  | 936 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 33930917 | 175899 | SH |  | SOLE |  | 175899 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 425608 | 2280 | SH |  | SOLE |  | 2280 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 649953 | 1023 | SH |  | SOLE |  | 1023 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 288895 | 3074 | SH |  | SOLE |  | 3074 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 311559 | 2980 | SH |  | SOLE |  | 2980 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 249067 | 777 | SH |  | SOLE |  | 777 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 223434 | 4323 | SH |  | SOLE |  | 4323 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 427807 | 20667 | SH |  | SOLE |  | 20667 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1435017 | 3335 | SH |  | SOLE |  | 3335 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 206572 | 426 | SH |  | SOLE |  | 426 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 68113753 | 104447 | SH |  | SOLE |  | 104447 | 0 | 0 |
| SUNBELT RENTALS HOLDINGS INC | SHS | 866966104 |  | 324929 | 4992 | SH |  | SOLE |  | 4992 | 0 | 0 |
| T ROWE PRICE ETF INC | US EQUITY RESEAR | 87283Q503 |  | 249040 | 6089 | SH |  | SOLE |  | 6089 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 258233 | 762 | SH |  | SOLE |  | 762 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 295861 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1534584 | 4128 | SH |  | SOLE |  | 4128 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 8608993 | 18141 | SH |  | SOLE |  | 18141 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 365617 | 743 | SH |  | SOLE |  | 743 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 514713 | 3223 | SH |  | SOLE |  | 3223 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 |  | 563985 | 6199 | SH |  | SOLE |  | 6199 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 445078 | 1068 | SH |  | SOLE |  | 1068 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 291317 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 250463 | 4354 | SH |  | SOLE |  | 4354 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 295026 | 1216 | SH |  | SOLE |  | 1216 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 234596 | 322 | SH |  | SOLE |  | 322 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 336343 | 1243 | SH |  | SOLE |  | 1243 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 |  | 670703 | 12768 | SH |  | SOLE |  | 12768 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 476617 | 1929 | SH |  | SOLE |  | 1929 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1153350 | 15662 | SH |  | SOLE |  | 15662 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 2448580 | 50959 | SH |  | SOLE |  | 50959 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 41072695 | 68735 | SH |  | SOLE |  | 68735 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 811615 | 15016 | SH |  | SOLE |  | 15016 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 71268782 | 1428518 | SH |  | SOLE |  | 1428518 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 462242 | 5586 | SH |  | SOLE |  | 5586 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 703358 | 14981 | SH |  | SOLE |  | 14981 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 5956556 | 92955 | SH |  | SOLE |  | 92955 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 250347 | 4987 | SH |  | SOLE |  | 4987 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 388043 | 869 | SH |  | SOLE |  | 869 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 466831 | 1863 | SH |  | SOLE |  | 1863 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 26498476 | 87674 | SH |  | SOLE |  | 87674 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1251540 | 10046 | SH |  | SOLE |  | 10046 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 430372 | 5406 | SH |  | SOLE |  | 5406 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 22245600 | 240000 | SH |  | SOLE |  | 240000 | 0 | 0 |

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