# EDGAR Filing Document

**Accession Number:** 0001425165
**File Stem:** 0001172661-23-000802
**Filing Date:** 2023-2
**Character Count:** 18271
**Document Hash:** 1f462a35d48aeaf45f804fd947724ec7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000802.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001172661-23-000802

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Apriem Advisors
- **CENTRAL INDEX KEY:** 0001425165
- **IRS NUMBER:** 330188030
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12756
- **FILM NUMBER:** 23619801

**BUSINESS ADDRESS:**
- **STREET 1:** 19200 VON KARMAN AVE
- **STREET 2:** #1050
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612
- **BUSINESS PHONE:** 949-253-8888

**MAIL ADDRESS:**
- **STREET 1:** 19200 VON KARMAN AVE
- **STREET 2:** #1050
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Iwamoto, Kong & Co., Inc.
- **DATE OF NAME CHANGE:** 20080125

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Apriem Advisors<br>**Address:** 19200 VON KARMAN AVE

#1050<br>IRVINE, CA 92612

**Form 13F File Number:** 028-12756

**CRD Number (if applicable):** 000108188

**SEC File Number (if applicable):** 801-55371

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:** Benjamin C. Lau<br>**Title:** VP CIO Director<br>**Phone:** 949-253-8888

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

/s/ Benjamin C. Lau  Irvine, CA  02-13-2023<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:** 145

**Form 13F Information Table Value Total:** $577037414

      (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 |  | 7502980 | 62567 | SH |  | SOLE |  | 54018 | 0 | 8549 |
| ABBOTT LABS | COM | 002824100 |  | 390128 | 3553 | SH |  | SOLE |  | 3553 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1999375 | 12372 | SH |  | SOLE |  | 11312 | 0 | 1060 |
| ABRDN ASIA PACIFIC INCOME FU | COM | 003009107 |  | 134393 | 51100 | SH |  | SOLE |  | 51100 | 0 | 0 |
| ABRDN GOLD ETF TRUST | PHYSCL GOLD SHS | 00326A104 |  | 202285 | 11579 | SH |  | SOLE |  | 5579 | 0 | 6000 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 394390 | 1478 | SH |  | SOLE |  | 1478 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1398125 | 21586 | SH |  | SOLE |  | 21006 | 0 | 580 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1403730 | 27000 | SH |  | SOLE |  | 0 | 0 | 27000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12675428 | 143663 | SH |  | SOLE |  | 130776 | 0 | 12887 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 887034 | 9997 | SH |  | SOLE |  | 5617 | 0 | 4380 |
| ALTAIR ENGR INC | COM CL A | 021369103 |  | 680459 | 14965 | SH |  | SOLE |  | 14965 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7970928 | 94892 | SH |  | SOLE |  | 79318 | 0 | 15574 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 16728017 | 78958 | SH |  | SOLE |  | 72025 | 0 | 6933 |
| AMGEN INC | COM | 031162100 |  | 660540 | 2515 | SH |  | SOLE |  | 2515 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 391134 | 1619 | SH |  | SOLE |  | 1619 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 34587529 | 266201 | SH |  | SOLE |  | 248480 | 0 | 17722 |
| AT INC | COM | 00206R102 |  | 1653657 | 89824 | SH |  | SOLE |  | 20824 | 0 | 69000 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 13917641 | 58267 | SH |  | SOLE |  | 56349 | 0 | 1918 |
| BANK AMERICA CORP | COM | 060505104 |  | 986590 | 29788 | SH |  | SOLE |  | 28388 | 0 | 1401 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4226679 | 13683 | SH |  | SOLE |  | 10679 | 0 | 3004 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BLACKROCK FLOATING RATE INCO | COM | 09255X100 |  | 983226 | 87320 | SH |  | SOLE |  | 84120 | 0 | 3200 |
| BOEING CO | COM | 097023105 |  | 2669088 | 14012 | SH |  | SOLE |  | 14012 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 458900 | 6378 | SH |  | SOLE |  | 6378 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 430530 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| CASTOR MARITIME INC | SHS NEW | Y1146L125 |  | 11200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 525194 | 5048 | SH |  | SOLE |  | 5048 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1470137 | 8191 | SH |  | SOLE |  | 8191 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 14806362 | 32785 | SH |  | SOLE |  | 31473 | 0 | 1312 |
| CISCO SYS INC | COM | 17275R102 |  | 1373951 | 28840 | SH |  | SOLE |  | 17990 | 0 | 10850 |
| CITIGROUP INC | COM NEW | 172967424 |  | 209353 | 4629 | SH |  | SOLE |  | 4629 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 386061 | 2751 | SH |  | SOLE |  | 2751 | 0 | 0 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 236339 | 3472 | SH |  | SOLE |  | 3472 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 2214602 | 23236 | SH |  | SOLE |  | 12286 | 0 | 10950 |
| COSTAR GROUP INC | COM | 22160N109 |  | 325194 | 4208 | SH |  | SOLE |  | 4208 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 995441 | 2181 | SH |  | SOLE |  | 2181 | 0 | 0 |
| CVB FINL CORP | COM | 126600105 |  | 862625 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY ETF | 25434V401 |  | 233432 | 5610 | SH |  | SOLE |  | 5610 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 726775 | 8365 | SH |  | SOLE |  | 8305 | 0 | 60 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 195750 | 17400 | SH |  | SOLE |  | 14900 | 0 | 2500 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 260119 | 4242 | SH |  | SOLE |  | 4242 | 0 | 0 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 134411 | 12120 | SH |  | SOLE |  | 12120 | 0 | 0 |
| DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 |  | 476091 | 32060 | SH |  | SOLE |  | 28860 | 0 | 3200 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 355316 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 1564007 | 9965 | SH |  | SOLE |  | 8965 | 0 | 1000 |
| EATON VANCE LTD DURATION INC | COM | 27828H105 |  | 902384 | 96100 | SH |  | SOLE |  | 92900 | 0 | 3200 |
| EMERSON ELEC CO | COM | 291011104 |  | 532122 | 5539 | SH |  | SOLE |  | 5539 | 0 | 0 |
| ENETI INC | COM | Y2294C107 |  | 180900 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| EXPONENT INC | COM | 30214U102 |  | 258922 | 2613 | SH |  | SOLE |  | 2613 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 11985564 | 108663 | SH |  | SOLE |  | 108663 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 376194 | 7950 | SH |  | SOLE |  | 7950 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 217373 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| FIRST TR SR FLTG RATE INCOME | COM | 33733U108 |  | 252545 | 26500 | SH |  | SOLE |  | 26500 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 463464 | 39851 | SH |  | SOLE |  | 14851 | 0 | 25000 |
| GAMCO GLOBAL GOLD NAT RES | COM SH BEN INT | 36465A109 |  | 86314 | 23778 | SH |  | SOLE |  | 23778 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 294673 | 3514 | SH |  | SOLE |  | 3514 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 203992 | 594 | SH |  | SOLE |  | 594 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 672773 | 2130 | SH |  | SOLE |  | 1930 | 0 | 200 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1016017 | 4741 | SH |  | SOLE |  | 4741 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 9920589 | 375353 | SH |  | SOLE |  | 333412 | 0 | 41941 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 215607 | 1530 | SH |  | SOLE |  | 1530 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 322931 | 1217 | SH |  | SOLE |  | 1217 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | CALIF AMT MUN | 46138E206 |  | 385033 | 15950 | SH |  | SOLE |  | 9700 | 0 | 6250 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 231190 | 3618 | SH |  | SOLE |  | 3618 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1772060 | 7293 | SH |  | SOLE |  | 293 | 0 | 7000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3183868 | 11957 | SH |  | SOLE |  | 5738 | 0 | 6219 |
| IQIYI INC | SPONSORED ADS | 46267X108 |  | 79500 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 667610 | 5085 | SH |  | SOLE |  | 1845 | 0 | 3240 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 626708 | 12658 | SH |  | SOLE |  | 11458 | 0 | 1200 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 2142400 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 342617 | 1965 | SH |  | SOLE |  | 1765 | 0 | 200 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 1143490 | 4030 | SH |  | SOLE |  | 30 | 0 | 4000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4453393 | 25210 | SH |  | SOLE |  | 17015 | 0 | 8195 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 7704025 | 57450 | SH |  | SOLE |  | 47549 | 0 | 9901 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 320370 | 2360 | SH |  | SOLE |  | 1940 | 0 | 420 |
| KINROSS GOLD CORP | COM | 496902404 |  | 797550 | 195000 | SH |  | SOLE |  | 0 | 0 | 195000 |
| KLA CORP | COM NEW | 482480100 |  | 3670010 | 9734 | SH |  | SOLE |  | 9330 | 0 | 404 |
| LAM RESEARCH CORP | COM | 512807108 |  | 830542 | 1976 | SH |  | SOLE |  | 1856 | 0 | 120 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 13538387 | 27829 | SH |  | SOLE |  | 25467 | 0 | 2362 |
| LOWES COS INC | COM | 548661107 |  | 2595002 | 13025 | SH |  | SOLE |  | 12885 | 0 | 140 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 378048 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 9157059 | 117821 | SH |  | SOLE |  | 106733 | 0 | 11088 |
| MERCK  CO INC | COM | 58933Y105 |  | 1120378 | 10098 | SH |  | SOLE |  | 9778 | 0 | 320 |
| META PLATFORMS INC | CL A | 30303M102 |  | 618427 | 5139 | SH |  | SOLE |  | 5039 | 0 | 100 |
| MICROSOFT CORP | COM | 594918104 |  | 3982401 | 16606 | SH |  | SOLE |  | 9938 | 0 | 6667 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 249606 | 2936 | SH |  | SOLE |  | 2936 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 416371 | 1412 | SH |  | SOLE |  | 1412 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 552703 | 1013 | SH |  | SOLE |  | 1013 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 376223 | 30990 | SH |  | SOLE |  | 30990 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 |  | 754365 | 68145 | SH |  | SOLE |  | 65645 | 0 | 2500 |
| NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 |  | 776918 | 63164 | SH |  | SOLE |  | 58464 | 0 | 4700 |
| NUVEEN S 500 BUY-WRITE INC | COM | 6706ER101 |  | 248889 | 19675 | SH |  | SOLE |  | 16675 | 0 | 3000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 821438 | 5621 | SH |  | SOLE |  | 5549 | 0 | 72 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 343827 | 2464 | SH |  | SOLE |  | 2154 | 0 | 310 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 365787 | 1257 | SH |  | SOLE |  | 1257 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 |  | 1247064 | 30580 | SH |  | SOLE |  | 30580 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 672431 | 3722 | SH |  | SOLE |  | 3722 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3272478 | 63866 | SH |  | SOLE |  | 60766 | 0 | 3100 |
| PHILLIPS 66 | COM | 718546104 |  | 256245 | 2462 | SH |  | SOLE |  | 2462 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 17995490 | 78793 | SH |  | SOLE |  | 74034 | 0 | 4759 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 6889211 | 63169 | SH |  | SOLE |  | 50315 | 0 | 12854 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1137174 | 7503 | SH |  | SOLE |  | 7203 | 0 | 300 |
| QUALCOMM INC | COM | 747525103 |  | 1387829 | 12624 | SH |  | SOLE |  | 12324 | 0 | 300 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 577329 | 5721 | SH |  | SOLE |  | 5721 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 22634584 | 31372 | SH |  | SOLE |  | 29311 | 0 | 2061 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 302463 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 770205 | 9251 | SH |  | SOLE |  | 9132 | 0 | 119 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 74299818 | 1645622 | SH |  | SOLE |  | 1555850 | 0 | 89772 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 6402460 | 142880 | SH |  | SOLE |  | 142880 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 25548785 | 559667 | SH |  | SOLE |  | 549573 | 0 | 10094 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 32090580 | 996292 | SH |  | SOLE |  | 920153 | 0 | 76139 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 8814201 | 372379 | SH |  | SOLE |  | 300770 | 0 | 71609 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3892427 | 51528 | SH |  | SOLE |  | 14978 | 0 | 36550 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 3132253 | 47444 | SH |  | SOLE |  | 25430 | 0 | 22014 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 312397 | 5623 | SH |  | SOLE |  | 5109 | 0 | 514 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 311100 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 3176025 | 45050 | SH |  | SOLE |  | 750 | 0 | 44300 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 237219 | 2712 | SH |  | SOLE |  | 2712 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 22330453 | 97731 | SH |  | SOLE |  | 91487 | 0 | 6244 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1375020 | 4150 | SH |  | SOLE |  | 150 | 0 | 4000 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 351155 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1404260 | 3672 | SH |  | SOLE |  | 3672 | 0 | 0 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 82400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1710828 | 17246 | SH |  | SOLE |  | 16455 | 0 | 791 |
| STRYKER CORPORATION | COM | 863667101 |  | 9377109 | 38354 | SH |  | SOLE |  | 36981 | 0 | 1373 |
| TARGET CORP | COM | 87612E106 |  | 525039 | 3523 | SH |  | SOLE |  | 3323 | 0 | 200 |
| TESLA INC | COM | 88160R101 |  | 6325416 | 51351 | SH |  | SOLE |  | 33873 | 0 | 17478 |
| TEXAS INSTRS INC | COM | 882508104 |  | 257735 | 1560 | SH |  | SOLE |  | 1560 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 500488 | 2417 | SH |  | SOLE |  | 2417 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 8726625 | 134442 | SH |  | SOLE |  | 113080 | 0 | 21362 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 495452 | 29650 | SH |  | SOLE |  | 28850 | 0 | 800 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1069291 | 5269 | SH |  | SOLE |  | 5269 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 2219602 | 77446 | SH |  | SOLE |  | 2446 | 0 | 75000 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 796927 | 2268 | SH |  | SOLE |  | 2268 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 469945 | 2458 | SH |  | SOLE |  | 883 | 0 | 1575 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 4703290 | 120659 | SH |  | SOLE |  | 116988 | 0 | 3671 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3541861 | 75827 | SH |  | SOLE |  | 72327 | 0 | 3500 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 30011241 | 519046 | SH |  | SOLE |  | 510274 | 0 | 8772 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 464975 | 6184 | SH |  | SOLE |  | 5784 | 0 | 400 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 18695627 | 445452 | SH |  | SOLE |  | 432719 | 0 | 12733 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 261467 | 2416 | SH |  | SOLE |  | 2416 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 200590 | 1137 | SH |  | SOLE |  | 1137 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 589873 | 14971 | SH |  | SOLE |  | 13806 | 0 | 1165 |
| VISA INC | COM CL A | 92826C839 |  | 509854 | 2454 | SH |  | SOLE |  | 2304 | 0 | 150 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 10968707 | 42778 | SH |  | SOLE |  | 38667 | 0 | 4111 |

---