# EDGAR Filing Document

**Accession Number:** 0001962449
**File Stem:** 0001962449-25-000007
**Filing Date:** 2025-11
**Character Count:** 45004
**Document Hash:** 67df6149d2a7f77fee188b45ab4628a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001962449-25-000007.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0001962449-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**EFFECTIVENESS DATE**: 20251117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kestra Investment Management, LLC
- **CENTRAL INDEX KEY:** 0001962449

**ORGANIZATION NAME:**
- **EIN:** 874553666
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24349
- **FILM NUMBER:** 251489676

**BUSINESS ADDRESS:**
- **STREET 1:** 5707 SOUTHWEST PARKWAY
- **STREET 2:** BUILDING 2, SUITE 400
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78735
- **BUSINESS PHONE:** 844-553-7872

**MAIL ADDRESS:**
- **STREET 1:** 5707 SOUTHWEST PARKWAY
- **STREET 2:** BUILDING 2, SUITE 400
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78735

### 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:** Kestra Investment Management LLC<br>**Address:** 5707 SOUTHWEST PARKWAY<br>BUILDING 2 SUITE 400<br>AUSTIN, TX 78735

**Form 13F File Number:** 028-24349

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:** Stephen Smith<br>**Title:** Chief Compliance Officer<br>**Phone:** 7374432810

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

Stephen Smith  Austin, TX  11-17-2025<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:** 433

**Form 13F Information Table Value Total:** $3725143014

      (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 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 226794 | 2323 | SH |  | SOLE |  | 0 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 631798 | 14009 | SH |  | SOLE |  | 0 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 267525 | 8234 | SH |  | SOLE |  | 0 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 385059 | 1513 | SH |  | SOLE |  | 0 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 1497890 | 16699 | SH |  | SOLE |  | 0 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 332994 | 948 | SH |  | SOLE |  | 0 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 389760 | 1185 | SH |  | SOLE |  | 0 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1323203 | 2773 | SH |  | SOLE |  | 0 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 576781 | 5683 | SH |  | SOLE |  | 0 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 430955 | 6498 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 1679491 | 2035 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 411145 | 7178 | SH |  | SOLE |  | 0 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 1045082 | 3628 | SH |  | SOLE |  | 0 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 321835 | 3852 | SH |  | SOLE |  | 0 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 5588816 | 10294 | SH |  | SOLE |  | 0 | 0 | 0 |
| DEERE | COM | 244199105 |  | 611571 | 1337 | SH |  | SOLE |  | 0 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1058209 | 14679 | SH |  | SOLE |  | 0 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1171110 | 12876 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | VLU FACTOR ETF | 316092782 |  | 230713 | 3350 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | QLTY FCTOR ETF | 316092790 |  | 217858 | 2916 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI INFO TECH I | 316092808 |  | 58486160 | 263250 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MOMENTUM FACTR | 316092816 |  | 298987 | 3595 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 316092840 |  | 6743517 | 121047 | SH |  | SOLE |  | 0 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1143632 | 10303 | SH |  | SOLE |  | 0 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 638834 | 12205 | SH |  | SOLE |  | 0 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 583401 | 23715 | SH |  | SOLE |  | 0 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 484937 | 1197 | SH |  | SOLE |  | 0 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 207275 | 1056 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 553890 | 1963 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 2178583 | 3190 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 363632 | 4997 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES INC | JP MRGN EM HI BD | 464286285 |  | 2082158 | 52461 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 312366 | 938 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 258462 | 1775 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4710624 | 7038 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 414657 | 4136 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 808523 | 6698 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 407349 | 4558 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 341896 | 4121 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 219507 | 1078 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 132508173 | 805325 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 204971 | 1725 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 46932847 | 440725 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 282302 | 3477 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 297805 | 2364 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 52416924 | 550887 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 49025881 | 938833 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 559576 | 4682 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 283756 | 1356 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 14598130 | 128189 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 325804 | 1191 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 10+ YR INVST GRD | 464289511 |  | 51966978 | 1008284 | SH |  | SOLE |  | 0 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 981942 | 4522 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOHNSON | COM | 478160104 |  | 3108332 | 16764 | SH |  | SOLE |  | 0 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1532904 | 11448 | SH |  | SOLE |  | 0 | 0 | 0 |
| ELI LILLY | COM | 532457108 |  | 1660364 | 2176 | SH |  | SOLE |  | 0 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 597881 | 3659 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 865938 | 1735 | SH |  | SOLE |  | 0 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 1096028 | 5347 | SH |  | SOLE |  | 0 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 1181096 | 5550 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 13017627 | 25133 | SH |  | SOLE |  | 0 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 2075354 | 4538 | SH |  | SOLE |  | 0 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 1221352 | 12079 | SH |  | SOLE |  | 0 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 3841332 | 23719 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW JERSEY RES CORP | COM | 646025106 |  | 1005378 | 20880 | SH |  | SOLE |  | 0 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 246991 | 1213 | SH |  | SOLE |  | 0 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3358302 | 20705 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 632271 | 4115 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1829685 | 7409 | SH |  | SOLE |  | 0 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 381061 | 2884 | SH |  | SOLE |  | 0 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2603891 | 15652 | SH |  | SOLE |  | 0 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1806274 | 5761 | SH |  | SOLE |  | 0 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 616463 | 23228 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 714898 | 4993 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2641561 | 27669 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 240706 | 8817 | SH |  | SOLE |  | 0 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 347294 | 1003 | SH |  | SOLE |  | 0 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 812440 | 7003 | SH |  | SOLE |  | 0 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 206237 | 418 | SH |  | SOLE |  | 0 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 605483 | 2168 | SH |  | SOLE |  | 0 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 4144990 | 36610 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 364644 | 1985 | SH |  | SOLE |  | 0 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 352627 | 727 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 2190550 | 22700 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 257875 | 3302 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 962484 | 16063 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 254628 | 1807 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 188048470 | 2634839 | SH |  | SOLE |  | 0 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 1262840 | 4239 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 43058777 | 859972 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 5379298 | 8784 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 519295 | 2042 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 965255 | 2941 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 1580000 | 5317 | SH |  | SOLE |  | 0 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 574100 | 20329 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 314259 | 2346 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1436173 | 6203 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1609246 | 4562 | SH |  | SOLE |  | 0 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 2817840 | 21598 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 251422 | 1554 | SH |  | SOLE |  | 0 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 1617347 | 6783 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2153973 | 8844 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 10880734 | 49555 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 27816 | 12474 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | AVANTIS EMGMKT | 025072604 |  | 2980103 | 39677 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 4359432 | 48966 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 5549832 | 55760 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 7215164 | 66377 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 276608 | 3522 | SH |  | SOLE |  | 0 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 2619768 | 8382 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 3687646 | 7507 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2089527 | 7404 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 208130 | 1682 | SH |  | SOLE |  | 0 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 616495 | 4626 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 17418532 | 68407 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 440990 | 1689 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2376219 | 11606 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 255800 | 356 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 463358 | 3180 | SH |  | SOLE |  | 0 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 255291 | 3328 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 698824 | 2381 | SH |  | SOLE |  | 0 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 437234 | 11564 | SH |  | SOLE |  | 0 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 300358 | 3221 | SH |  | SOLE |  | 0 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 721334 | 13982 | SH |  | SOLE |  | 0 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5045187 | 10035 | SH |  | SOLE |  | 0 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1504128 | 19891 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ETF TRUST II | SHORT DURATION H | 092528108 |  | 11009603 | 492820 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 61471529 | 1154612 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 465277 | 2723 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 511134 | 8634 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ETF TRUST | US CARBON TRANS | 09290C509 |  | 461517 | 6359 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 205183 | 5420 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 272592 | 234 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 8796474 | 26663 | SH |  | SOLE |  | 0 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 1197192 | 4431 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 14020G101 |  | 73635603 | 1676585 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 75883208 | 1805453 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 11162072 | 326663 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GRP FIXED INCM ETF T | CORE PLUS INCM | 14020Y102 |  | 33152152 | 1459162 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 1896990 | 68360 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GROUP CORE BALANCED | SHS | 14021D107 |  | 872703 | 25135 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2451939 | 11534 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 817365 | 1826 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 3592634 | 15289 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 3598553 | 88963 | SH |  | SOLE |  | 0 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 6415466 | 93766 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 225963 | 1053 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 555040 | 5868 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 574237 | 1745 | SH |  | SOLE |  | 0 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1133268 | 2311 | SH |  | SOLE |  | 0 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 498766 | 5169 | SH |  | SOLE |  | 0 | 0 | 0 |
| DAVIS FUNDAMENTAL ETF TR | SELECT WRLD WI | 23908L306 |  | 232347 | 5137 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 33854901 | 931359 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 7622374 | 105223 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 3410351 | 49815 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL CORE PLUS | 25434V583 |  | 2153246 | 38748 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 2152447 | 55806 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL HIGH PROFIT | 25434V765 |  | 62232379 | 2047454 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 83736450 | 2553719 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 137007460 | 2970673 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 2771390 | 73375 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 4916961 | 102033 | SH |  | SOLE |  | 0 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 258038 | 2085 | SH |  | SOLE |  | 0 | 0 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 1031998 | 17790 | SH |  | SOLE |  | 0 | 0 | 0 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 1534593 | 8882 | SH |  | SOLE |  | 0 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 576737 | 11358 | SH |  | SOLE |  | 0 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 |  | 1075428 | 9624 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 1142812 | 27671 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 2044890 | 9567 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1759626 | 15606 | SH |  | SOLE |  | 0 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 275279 | 1167 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 31609A305 |  | 19832574 | 482310 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 373145 | 7250 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | CORE INVESTMENT | 33738D788 |  | 251245 | 11790 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 18146484 | 184060 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 278791 | 4145 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 211932 | 2192 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F458 |  | 277314 | 7066 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S EQT | 33740F482 |  | 261693 | 6526 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U653 |  | 504362 | 13063 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U661 |  | 1182932 | 29165 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S EQT | 33740U687 |  | 206263 | 5421 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LAD | 33740U729 |  | 450401 | 17390 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 501082 | 8218 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 825389 | 42480 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 235420 | 296 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 1247532 | 5683 | SH |  | SOLE |  | 0 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 317481 | 12927 | SH |  | SOLE |  | 0 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 238685 | 920 | SH |  | SOLE |  | 0 | 0 | 0 |
| HORIZON FDS | LANDMARK ETF | 44053A622 |  | 205389 | 3999 | SH |  | SOLE |  | 0 | 0 | 0 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 818904 | 10341 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2392287 | 34767 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2474670 | 4122 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1733008 | 9136 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 3016911 | 24921 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 515813 | 10431 | SH |  | SOLE |  | 0 | 0 | 0 |
| IONQ INC | COM | 46222L108 |  | 216726 | 3524 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 18865605 | 182523 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 171344089 | 880946 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 3203882 | 36695 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | INTL EQTY FACTOR | 46434V274 |  | 45226982 | 1259454 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 |  | 36361237 | 526364 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 197241862 | 4222690 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 777182 | 19621 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 204925 | 8698 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | HIGH YLD SYSTM B | 46435G250 |  | 5009491 | 104702 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 1337017 | 35390 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E460 |  | 350993 | 17063 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 350135 | 17617 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 201196 | 3511 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 29 TRM TS | 46436E825 |  | 349532 | 15920 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 348883 | 15586 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 349832 | 15534 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 348411 | 15181 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 347971 | 14893 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 209820 | 3228 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | LARGE CAP MAX BU | 46438G471 |  | 411941 | 15592 | SH |  | SOLE |  | 0 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1223321 | 21424 | SH |  | SOLE |  | 0 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 5115009 | 100216 | SH |  | SOLE |  | 0 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 380894 | 8010 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 68992952 | 1358664 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 19423756 | 425307 | SH |  | SOLE |  | 0 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 1236603 | 2908 | SH |  | SOLE |  | 0 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 810546 | 1429 | SH |  | SOLE |  | 0 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1943852 | 3417 | SH |  | SOLE |  | 0 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1651178 | 2137 | SH |  | SOLE |  | 0 | 0 | 0 |
| MERCK  INC | COM | 58933Y105 |  | 1635689 | 19489 | SH |  | SOLE |  | 0 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 1425886 | 4594 | SH |  | SOLE |  | 0 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1621863 | 13691 | SH |  | SOLE |  | 0 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2847435 | 2375 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 715271 | 9475 | SH |  | SOLE |  | 0 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 27385272 | 146775 | SH |  | SOLE |  | 0 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3927221 | 13964 | SH |  | SOLE |  | 0 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 443462 | 7842 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM ROCK ETF TR | S 500 BUFFER | 69420N700 |  | 1170514 | 40300 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM ROCK ETF TR | S 500 BUFFER | 69420N759 |  | 537232 | 18761 | SH |  | SOLE |  | 0 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1200141 | 6579 | SH |  | SOLE |  | 0 | 0 | 0 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 3265354 | 20502 | SH |  | SOLE |  | 0 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 603808 | 9004 | SH |  | SOLE |  | 0 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 697966 | 17141 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO ETF TR | ENHNCD LW DUR AC | 72201R718 |  | 216514 | 2252 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROFESIONALLY MANAGED PORTFO | CONGRESS INTERME | 74316P587 |  | 1057318 | 42259 | SH |  | SOLE |  | 0 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 1489388 | 17771 | SH |  | SOLE |  | 0 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 2319534 | 25467 | SH |  | SOLE |  | 0 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 413796 | 3127 | SH |  | SOLE |  | 0 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 974368 | 5823 | SH |  | SOLE |  | 0 | 0 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 232422 | 7802 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 1260937 | 12593 | SH |  | SOLE |  | 0 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 736239 | 1513 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 335753 | 504 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 317435 | 893 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 18049752 | 385596 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | NUVEEN ICE HIGH | 78464A284 |  | 222770 | 8936 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 |  | 241531 | 7127 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 245194754 | 2346137 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 470493 | 15533 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 494841 | 8943 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLI S | 78464A805 |  | 284278 | 3525 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 524828 | 6699 | SH |  | SOLE |  | 0 | 0 | 0 |
| SSGA ACTIVE ETF TR | SPDR TR TACTIC | 78467V848 |  | 61958508 | 1527200 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 450414 | 4909 | SH |  | SOLE |  | 0 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 635263 | 2680 | SH |  | SOLE |  | 0 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 492350 | 535 | SH |  | SOLE |  | 0 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1426959 | 18537 | SH |  | SOLE |  | 0 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 2701999 | 139494 | SH |  | SOLE |  | 0 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 1148101 | 2699 | SH |  | SOLE |  | 0 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 443186 | 4941 | SH |  | SOLE |  | 0 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 2905096 | 14308 | SH |  | SOLE |  | 0 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3792572 | 8528 | SH |  | SOLE |  | 0 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 293619 | 1892 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 612363 | 2193 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 262403 | 5739 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALVOLINE INC | COM | 92047W101 |  | 896996 | 24979 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK ETF TRUST | LONG MUNI ETF | 92189F536 |  | 30452465 | 1742132 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 467808 | 9458 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 270352 | 362 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 21816381 | 363425 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 3387840 | 77084 | SH |  | SOLE |  | 0 | 0 | 0 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 207460 | 5532 | SH |  | SOLE |  | 0 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2887418 | 8458 | SH |  | SOLE |  | 0 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 119410 | 10294 | SH |  | SOLE |  | 0 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 343819 | 5088 | SH |  | SOLE |  | 0 | 0 | 0 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 54474209 | 1184479 | SH |  | SOLE |  | 0 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 437157 | 5420 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1153469 | 7883 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 752813 | 9125 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 225814 | 27606 | SH |  | SOLE |  | 0 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1852163 | 7511 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 555283 | 1484 | SH |  | SOLE |  | 0 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 339826 | 932 | SH |  | SOLE |  | 0 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 614832 | 1294 | SH |  | SOLE |  | 0 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 247210 | 1047 | SH |  | SOLE |  | 0 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 444109 | 2023 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 1468416 | 30109 | SH |  | SOLE |  | 0 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 921167 | 3741 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 630481 | 5748 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 698321 | 3375 | SH |  | SOLE |  | 0 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 213172 | 220 | SH |  | SOLE |  | 0 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 1310729 | 26728 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 380718 | 1177 | SH |  | SOLE |  | 0 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 1346421 | 4671 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 672329 | 4330 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 6508192 | 140238 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 50004014 | 242138 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 811360 | 8411 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 336924536 | 3370931 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 16811428 | 286298 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 66667108 | 1257158 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 467818 | 6897 | SH |  | SOLE |  | 0 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 1632678 | 97010 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 1328679 | 23148 | SH |  | SOLE |  | 0 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 3832950 | 66660 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 739840 | 3689 | SH |  | SOLE |  | 0 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 884075 | 4711 | SH |  | SOLE |  | 0 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 213613 | 2254 | SH |  | SOLE |  | 0 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 494820 | 3423 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 271256 | 54360 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 258083 | 3513 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 376287 | 4769 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 34119544 | 510008 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 388025 | 7162 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 159899401 | 542447 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2780423 | 5791 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2353591 | 12557 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 599716 | 5819 | SH |  | SOLE |  | 0 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1400184 | 16705 | SH |  | SOLE |  | 0 | 0 | 0 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 750574 | 8033 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 2327055 | 265494 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 385916 | 4511 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9468174 | 38948 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 16161086 | 223652 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTERNATIONAL LR | 025072364 |  | 220441 | 3269 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN CENTY ETF TR | AVANTIS CORE FI | 025072562 |  | 7809354 | 185584 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1836189 | 5528 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 4971218 | 15649 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAPITAL GRP FIXED INCM ETF T | SHORT DURATION | 14020Y409 |  | 6491064 | 249848 | SH |  | SOLE |  | 0 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1412127 | 1526 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL CR ETF | 25434V567 |  | 4551135 | 82076 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL EX US COR | 25434V575 |  | 5961502 | 110480 | SH |  | SOLE |  | 0 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 1118102 | 37011 | SH |  | SOLE |  | 0 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1657304 | 2552 | SH |  | SOLE |  | 0 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 11053571 | 15052 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 912800 | 27313 | SH |  | SOLE |  | 0 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 895103 | 14194 | SH |  | SOLE |  | 0 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 275618 | 7027 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 667714 | 1493 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES U S ETF TR | SHORT MATURITY M | 46431W838 |  | 23855627 | 472295 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 32347434 | 126135 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 372023 | 4505 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 71965056 | 1091703 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 365845 | 2513 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | TOP 20 U S STOCK | 46438G570 |  | 2576490 | 84586 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10445360 | 33115 | SH |  | SOLE |  | 0 | 0 | 0 |
| LISTED FDS TR | HORIZON KINETICS | 53656F623 |  | 6850498 | 153272 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 201251 | 7498 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 9248005 | 176894 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | PORT MTG BK ETF | 78464A383 |  | 4046167 | 180310 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | RUSSELL YIELD | 78468R770 |  | 29849993 | 263788 | SH |  | SOLE |  | 0 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 219284 | 4071 | SH |  | SOLE |  | 0 | 0 | 0 |
| TERADATA CORP DEL | COM | 88076W103 |  | 502280 | 23351 | SH |  | SOLE |  | 0 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 1713040 | 17115 | SH |  | SOLE |  | 0 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 405498 | 4139 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1927306 | 5582 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 3867104 | 75974 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 51925833 | 1105746 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 291772 | 745 | SH |  | SOLE |  | 0 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 1028268 | 8579 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 515966 | 4676 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 3602428 | 37545 | SH |  | SOLE |  | 0 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 1082612 | 4263 | SH |  | SOLE |  | 0 | 0 | 0 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 1033965 | 22274 | SH |  | SOLE |  | 0 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 341714 | 3621 | SH |  | SOLE |  | 0 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 425970 | 3391 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 468677 | 1118 | SH |  | SOLE |  | 0 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 212995 | 781 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 200412 | 61476 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALLETE INC | COM NEW | 018522300 |  | 389104 | 5860 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 257219 | 9057 | SH |  | SOLE |  | 0 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 1614006 | 83025 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 512960 | 42711 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 2589253 | 212060 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 2532694 | 58357 | SH |  | SOLE |  | 0 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC | COM NEW | 642045108 |  | 696902 | 61293 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 1039393 | 16876 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 |  | 1457835 | 81580 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 2970926 | 31572 | SH |  | SOLE |  | 0 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 503133 | 15481 | SH |  | SOLE |  | 0 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 732921 | 28474 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 583093 | 18558 | SH |  | SOLE |  | 0 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 1709107 | 14384 | SH |  | SOLE |  | 0 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 210601 | 2534 | SH |  | SOLE |  | 0 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 359988 | 3144 | SH |  | SOLE |  | 0 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 221978 | 2712 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST INTST BANCSYSTEM INC | COM | 32055Y201 |  | 1241273 | 38948 | SH |  | SOLE |  | 0 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 409562 | 31384 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 1438640 | 62198 | SH |  | SOLE |  | 0 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 866061 | 18581 | SH |  | SOLE |  | 0 | 0 | 0 |
| IDACORP INC | COM | 451107106 |  | 750216 | 5677 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 390657 | 13997 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 315464 | 2282 | SH |  | SOLE |  | 0 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 396417 | 3916 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 459388 | 10321 | SH |  | SOLE |  | 0 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 307674 | 10868 | SH |  | SOLE |  | 0 | 0 | 0 |
| LCI INDS | COM | 50189K103 |  | 339439 | 3644 | SH |  | SOLE |  | 0 | 0 | 0 |
| LEGG MASON ETF INVT | CLEARBRIDGE LRG | 524682200 |  | 544044 | 6527 | SH |  | SOLE |  | 0 | 0 | 0 |
| LXP INDUSTRIAL TRUST | COM | 529043101 |  | 438082 | 48893 | SH |  | SOLE |  | 0 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 |  | 202728 | 442 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 235355 | 46421 | SH |  | SOLE |  | 0 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 |  | 408735 | 5731 | SH |  | SOLE |  | 0 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 295862 | 3211 | SH |  | SOLE |  | 0 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 385668 | 12762 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 721751 | 3650 | SH |  | SOLE |  | 0 | 0 | 0 |
| NMI HLDGS INC | COM | 629209305 |  | 273978 | 7146 | SH |  | SOLE |  | 0 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 205951 | 338 | SH |  | SOLE |  | 0 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 1207704 | 28605 | SH |  | SOLE |  | 0 | 0 | 0 |
| ONE GAS INC | COM | 68235P108 |  | 1881208 | 23242 | SH |  | SOLE |  | 0 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 234109 | 1805 | SH |  | SOLE |  | 0 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 325670 | 17213 | SH |  | SOLE |  | 0 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 963816 | 86987 | SH |  | SOLE |  | 0 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 1361114 | 23415 | SH |  | SOLE |  | 0 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1498237 | 14597 | SH |  | SOLE |  | 0 | 0 | 0 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 208779 | 8532 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 960513 | 28267 | SH |  | SOLE |  | 0 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 325740 | 3839 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 474442 | 23337 | SH |  | SOLE |  | 0 | 0 | 0 |
| TFS FINL CORP | COM | 87240R107 |  | 2812626 | 213482 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 492832 | 2085 | SH |  | SOLE |  | 0 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 1104425 | 7384 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 242380 | 22866 | SH |  | SOLE |  | 0 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 207230 | 5113 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1901860 | 238030 | SH |  | SOLE |  | 0 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 210696 | 1078 | SH |  | SOLE |  | 0 | 0 | 0 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 318037 | 6081 | SH |  | SOLE |  | 0 | 0 | 0 |

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