# EDGAR Filing Document

**Accession Number:** 0001682021
**File Stem:** 0001682021-25-000006
**Filing Date:** 2025-8
**Character Count:** 33323
**Document Hash:** 76340e30b4e9c8fb81a40973224e1b39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001682021-25-000006.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001682021-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vivaldi Capital Management LP
- **CENTRAL INDEX KEY:** 0001682021

**ORGANIZATION NAME:**
- **EIN:** 453825664
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18047
- **FILM NUMBER:** 251216894

**BUSINESS ADDRESS:**
- **STREET 1:** 225 W. WACKER DRIVE - SUITE 2100
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-248-8300

**MAIL ADDRESS:**
- **STREET 1:** 225 W. WACKER DRIVE - SUITE 2100
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vivaldi Capital Management, LLC
- **DATE OF NAME CHANGE:** 20160810

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Vivaldi Capital Management LP<br>**Address:** 225 W. Wacker Drive - Suite 2100<br>Chicago, IL 60606

**Form 13F File Number:** 028-18047

**CRD Number (if applicable):** 000160150

**SEC File Number (if applicable):** 801-73024

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:** Meredith Weeks<br>**Title:** Compliance Manager<br>**Phone:** 872-257-3760

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

/s/ Meredith Weeks  Chicago, IL  08-14-2025<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:** 296

**Form 13F Information Table Value Total:** $666090297

      (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 |  | 300522 | 1974 | SH |  | SOLE |  | 1974 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 1174892 | 8638 | SH |  | SOLE |  | 8638 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1499852 | 8080 | SH |  | SOLE |  | 8080 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 220880 | 739 | SH |  | SOLE |  | 739 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 222843 | 576 | SH |  | SOLE |  | 576 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 365534 | 2576 | SH |  | SOLE |  | 2576 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 314213 | 2642 | SH |  | SOLE |  | 2642 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 953774 | 7207 | SH |  | SOLE |  | 7207 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3044341 | 17162 | SH |  | SOLE |  | 17162 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11220307 | 63669 | SH |  | SOLE |  | 63669 | 0 | 0 |
| ALTIMMUNE INC | COM NEW | 02155H200 |  | 77400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 472516 | 8059 | SH |  | SOLE |  | 8059 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4767659 | 21731 | SH |  | SOLE |  | 21731 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 1373867 | 15081 | SH |  | SOLE |  | 15081 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 1547089 | 19514 | SH |  | SOLE |  | 19514 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 371293 | 1164 | SH |  | SOLE |  | 1164 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 15936545 | 57077 | SH |  | SOLE |  | 57077 | 0 | 0 |
| ANGEL OAK MORTGAGE REIT INC | COM | 03464Y108 |  | 1096290 | 116379 | SH |  | SOLE |  | 116379 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 483777 | 3410 | SH |  | SOLE |  | 3410 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 31651451 | 154269 | SH |  | SOLE |  | 154269 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 18009368 | 98374 | SH |  | SOLE |  | 98374 | 0 | 0 |
| ARK 21SHARES BITCOIN ETF | SHS BEN INT | 040919102 |  | 897828 | 25086 | SH |  | SOLE |  | 25086 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 366237 | 5210 | SH |  | SOLE |  | 5210 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3254895 | 112470 | SH |  | SOLE |  | 112470 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1286501 | 7332 | SH |  | SOLE |  | 7332 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 417327 | 8819 | SH |  | SOLE |  | 8819 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 21695119 | 238120 | SH |  | SOLE |  | 238120 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3096298 | 6374 | SH |  | SOLE |  | 6374 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 479342 | 44342 | SH |  | SOLE |  | 44342 | 0 | 0 |
| BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 |  | 146983 | 12950 | SH |  | SOLE |  | 12950 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 239598 | 23150 | SH |  | SOLE |  | 23150 | 0 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 |  | 145601 | 13880 | SH |  | SOLE |  | 13880 | 0 | 0 |
| BLAIZE HLDGS INC | COM | 092915107 |  | 111568 | 37439 | SH |  | SOLE |  | 37439 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1275409 | 6087 | SH |  | SOLE |  | 6087 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 13744807 | 410538 | SH |  | SOLE |  | 410538 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 261973 | 2439 | SH |  | SOLE |  | 2439 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1463682 | 5310 | SH |  | SOLE |  | 5310 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 416553 | 1714 | SH |  | SOLE |  | 1714 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 376875 | 11250 | SH |  | SOLE |  | 11250 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 6404619 | 16498 | SH |  | SOLE |  | 16498 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 330912 | 2311 | SH |  | SOLE |  | 2311 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 824189 | 11879 | SH |  | SOLE |  | 11879 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 709446 | 2574 | SH |  | SOLE |  | 2574 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 676989 | 9569 | SH |  | SOLE |  | 9569 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 4874965 | 13909 | SH |  | SOLE |  | 13909 | 0 | 0 |
| COLUMBIA ETF TR II | INDIA CONSMR ETF | 19762B707 |  | 230454 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 265819 | 7448 | SH |  | SOLE |  | 7448 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 539977 | 1673 | SH |  | SOLE |  | 1673 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2046217 | 2067 | SH |  | SOLE |  | 2067 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 229190 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 205830 | 6308 | SH |  | SOLE |  | 6308 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 410358 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 10144116 | 147059 | SH |  | SOLE |  | 147059 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 351273 | 2615 | SH |  | SOLE |  | 2615 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 8053664 | 15838 | SH |  | SOLE |  | 15838 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 442065 | 10456 | SH |  | SOLE |  | 10456 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 551232 | 4445 | SH |  | SOLE |  | 4445 | 0 | 0 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 1490224 | 152219 | SH |  | SOLE |  | 152219 | 0 | 0 |
| DOUBLELINE INCOME SOLUTIONS | COM | 258622109 |  | 123624 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 263578 | 9216 | SH |  | SOLE |  | 9216 | 0 | 0 |
| EA SERIES TRUST | TBG DIVIDEND FOC | 02072L375 |  | 255348 | 7935 | SH |  | SOLE |  | 7935 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L508 |  | 247664 | 9112 | SH |  | SOLE |  | 9112 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 221334 | 620 | SH |  | SOLE |  | 620 | 0 | 0 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 398227 | 44644 | SH |  | SOLE |  | 44644 | 0 | 0 |
| EATON VANCE CALIF MUN INCOM | SH BEN INT | 27826F101 |  | 383275 | 39574 | SH |  | SOLE |  | 39574 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 8408790 | 10787 | SH |  | SOLE |  | 10787 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 279191 | 6430 | SH |  | SOLE |  | 6430 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 856363 | 7944 | SH |  | SOLE |  | 7944 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 215490 | 948 | SH |  | SOLE |  | 948 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 2791409 | 29699 | SH |  | SOLE |  | 29699 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | MERGER ARBITRA | 33740J203 |  | 348299 | 17036 | SH |  | SOLE |  | 17036 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | HLTH CARE ALPH | 33734X143 |  | 255675 | 2466 | SH |  | SOLE |  | 2466 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ PHRMTCLS | 33738R837 |  | 241062 | 9406 | SH |  | SOLE |  | 9406 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 516589 | 6835 | SH |  | SOLE |  | 6835 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | UTILITIES ALPH | 33734X184 |  | 217409 | 5130 | SH |  | SOLE |  | 5130 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 602930 | 4337 | SH |  | SOLE |  | 4337 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ ARTFCIAL | 33738R720 |  | 475948 | 9854 | SH |  | SOLE |  | 9854 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 497751 | 4092 | SH |  | SOLE |  | 4092 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 213957 | 5704 | SH |  | SOLE |  | 5704 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 5014655 | 101800 | SH |  | SOLE |  | 101800 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F839 |  | 326899 | 7315 | SH |  | SOLE |  | 7315 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FRANKLN SWZLND | 35473P694 |  | 255816 | 6743 | SH |  | SOLE |  | 6743 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN ASIA | 35473P660 |  | 274586 | 10561 | SH |  | SOLE |  | 10561 | 0 | 0 |
| GALECTIN THERAPEUTICS INC | COM NEW | 363225202 |  | 363855 | 172443 | SH |  | SOLE |  | 172443 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 4811659 | 103078 | SH |  | SOLE |  | 103078 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1470344 | 5713 | SH |  | SOLE |  | 5713 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 640201 | 14192 | SH |  | SOLE |  | 14192 | 0 | 0 |
| GLOBAL X FDS | E COMMERCE ETF | 37954Y467 |  | 496975 | 16241 | SH |  | SOLE |  | 16241 | 0 | 0 |
| GMS INC | COM | 36251C103 |  | 305696 | 2811 | SH |  | SOLE |  | 2811 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 11961252 | 119433 | SH |  | SOLE |  | 119433 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 204540 | 289 | SH |  | SOLE |  | 289 | 0 | 0 |
| GOLDMAN SACHS PHYSICAL GOLD | UNIT | 38150K103 |  | 4529677 | 138607 | SH |  | SOLE |  | 138607 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 353996 | 4173 | SH |  | SOLE |  | 4173 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1819556 | 34978 | SH |  | SOLE |  | 34978 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1330750 | 3630 | SH |  | SOLE |  | 3630 | 0 | 0 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 285870 | 16160 | SH |  | SOLE |  | 16160 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 325369 | 3233 | SH |  | SOLE |  | 3233 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3950140 | 176346 | SH |  | SOLE |  | 176346 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 299835 | 1017 | SH |  | SOLE |  | 1017 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 242361 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| INVESCO CALIF VALUE MUN INCO | COM | 46132H106 |  | 365118 | 35209 | SH |  | SOLE |  | 35209 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 205531 | 5040 | SH |  | SOLE |  | 5040 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 672489 | 1219 | SH |  | SOLE |  | 1219 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 314497 | 5138 | SH |  | SOLE |  | 5138 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 7558967 | 121215 | SH |  | SOLE |  | 121215 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 281035 | 6083 | SH |  | SOLE |  | 6083 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 628848 | 8388 | SH |  | SOLE |  | 8388 | 0 | 0 |
| ISHARES INC | MSCI EM ASIA ETF | 464286426 |  | 935044 | 11327 | SH |  | SOLE |  | 11327 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 360831 | 6011 | SH |  | SOLE |  | 6011 | 0 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 1296248 | 21804 | SH |  | SOLE |  | 21804 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 13042576 | 397518 | SH |  | SOLE |  | 397518 | 0 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 403862 | 3595 | SH |  | SOLE |  | 3595 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 6150565 | 46311 | SH |  | SOLE |  | 46311 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 385840 | 9714 | SH |  | SOLE |  | 9714 | 0 | 0 |
| ISHARES TR | U.S. BAS MTL ETF | 464287838 |  | 295281 | 2109 | SH |  | SOLE |  | 2109 | 0 | 0 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 396082 | 8759 | SH |  | SOLE |  | 8759 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 1508105 | 8704 | SH |  | SOLE |  | 8704 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 788267 | 2590 | SH |  | SOLE |  | 2590 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 335021 | 2769 | SH |  | SOLE |  | 2769 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 315140 | 4336 | SH |  | SOLE |  | 4336 | 0 | 0 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 588025 | 4132 | SH |  | SOLE |  | 4132 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 165658 | 12636 | SH |  | SOLE |  | 12636 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 758862 | 8489 | SH |  | SOLE |  | 8489 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 299688 | 1534 | SH |  | SOLE |  | 1534 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1330132 | 14463 | SH |  | SOLE |  | 14463 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2132791 | 25549 | SH |  | SOLE |  | 25549 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 224553 | 2040 | SH |  | SOLE |  | 2040 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 455453 | 7344 | SH |  | SOLE |  | 7344 | 0 | 0 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 535764 | 5377 | SH |  | SOLE |  | 5377 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 3228627 | 23909 | SH |  | SOLE |  | 23909 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 384459 | 4767 | SH |  | SOLE |  | 4767 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 416603 | 9657 | SH |  | SOLE |  | 9657 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 1341692 | 12617 | SH |  | SOLE |  | 12617 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 283287 | 2239 | SH |  | SOLE |  | 2239 | 0 | 0 |
| ISHARES TR | GBL COMM SVC ETF | 464287275 |  | 239803 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 777278 | 13762 | SH |  | SOLE |  | 13762 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1420267 | 12995 | SH |  | SOLE |  | 12995 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 285267 | 2772 | SH |  | SOLE |  | 2772 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 295120 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 2399611 | 31557 | SH |  | SOLE |  | 31557 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 358139 | 2647 | SH |  | SOLE |  | 2647 | 0 | 0 |
| ISHARES TR | MRGSTR MD CP VAL | 464288406 |  | 2024602 | 26647 | SH |  | SOLE |  | 26647 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 643872 | 3315 | SH |  | SOLE |  | 3315 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 632836 | 13118 | SH |  | SOLE |  | 13118 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 471430 | 5706 | SH |  | SOLE |  | 5706 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 908191 | 4209 | SH |  | SOLE |  | 4209 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 4465329 | 34723 | SH |  | SOLE |  | 34723 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 868421 | 2045 | SH |  | SOLE |  | 2045 | 0 | 0 |
| ISHARES TR | EXPONENTIAL TECH | 46434V381 |  | 524203 | 8034 | SH |  | SOLE |  | 8034 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 6802222 | 10955 | SH |  | SOLE |  | 10955 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 491468 | 8645 | SH |  | SOLE |  | 8645 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 231861 | 4575 | SH |  | SOLE |  | 4575 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 518025 | 3391 | SH |  | SOLE |  | 3391 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2207711 | 7615 | SH |  | SOLE |  | 7615 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 280272 | 22034 | SH |  | SOLE |  | 22034 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 2704059 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| KORU MEDICAL SYSTEMS INC | COM | 759910102 |  | 70573 | 19713 | SH |  | SOLE |  | 19713 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 366290 | 3763 | SH |  | SOLE |  | 3763 | 0 | 0 |
| LENZ THERAPEUTICS INC | COM | 52635N103 |  | 1736676 | 59252 | SH |  | SOLE |  | 59252 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 217300 | 463 | SH |  | SOLE |  | 463 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 254177 | 16128 | SH |  | SOLE |  | 16128 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 5921497 | 76505 | SH |  | SOLE |  | 76505 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 484392 | 862 | SH |  | SOLE |  | 862 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 550182 | 1883 | SH |  | SOLE |  | 1883 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 205178 | 280 | SH |  | SOLE |  | 280 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 15421618 | 176914 | SH |  | SOLE |  | 176914 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 698112 | 8819 | SH |  | SOLE |  | 8819 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3389975 | 4593 | SH |  | SOLE |  | 4593 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 250428 | 3114 | SH |  | SOLE |  | 3114 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 233085 | 1891 | SH |  | SOLE |  | 1891 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8858600 | 17809 | SH |  | SOLE |  | 17809 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 209604 | 3108 | SH |  | SOLE |  | 3108 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 722189 | 5127 | SH |  | SOLE |  | 5127 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 983976 | 2340 | SH |  | SOLE |  | 2340 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1146295 | 856 | SH |  | SOLE |  | 856 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 531250 | 7653 | SH |  | SOLE |  | 7653 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 362965 | 1418 | SH |  | SOLE |  | 1418 | 0 | 0 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 42880 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 589954 | 4653 | SH |  | SOLE |  | 4653 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 201492 | 403 | SH |  | SOLE |  | 403 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 205518 | 10134 | SH |  | SOLE |  | 10134 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 5009636 | 38672 | SH |  | SOLE |  | 38672 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 141927 | 12997 | SH |  | SOLE |  | 12997 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 145980 | 12930 | SH |  | SOLE |  | 12930 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 21886218 | 138529 | SH |  | SOLE |  | 138529 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 7535591 | 143782 | SH |  | SOLE |  | 143782 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1716194 | 7850 | SH |  | SOLE |  | 7850 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 314627 | 2308 | SH |  | SOLE |  | 2308 | 0 | 0 |
| PALMER SQUARE CAPITAL BDC IN | COM SHS | 69702V107 |  | 3006091 | 215336 | SH |  | SOLE |  | 215336 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 317682 | 11186 | SH |  | SOLE |  | 11186 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 401620 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 6029338 | 58731 | SH |  | SOLE |  | 58731 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 4510164 | 34158 | SH |  | SOLE |  | 34158 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 349989 | 14438 | SH |  | SOLE |  | 14438 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 420538 | 2309 | SH |  | SOLE |  | 2309 | 0 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 377974 | 10790 | SH |  | SOLE |  | 10790 | 0 | 0 |
| PIMCO CALIF MUN INCOME FD II | COM | 72200M108 |  | 258831 | 48289 | SH |  | SOLE |  | 48289 | 0 | 0 |
| PIMCO DYNAMIC INCOME OPRNTS | COM BEN SHS | 69355M107 |  | 136148 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| PLATINUM GROUP METALS LTD | COM | 72765Q882 |  | 36720 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| PRA GROUP INC | COM | 69354N106 |  | 864881 | 58636 | SH |  | SOLE |  | 58636 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1827834 | 11473 | SH |  | SOLE |  | 11473 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 319698 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 311901 | 5414 | SH |  | SOLE |  | 5414 | 0 | 0 |
| REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 |  | 880983 | 24350 | SH |  | SOLE |  | 24350 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 431985 | 2869 | SH |  | SOLE |  | 2869 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 8940041 | 217784 | SH |  | SOLE |  | 217784 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 301071 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 514504 | 3524 | SH |  | SOLE |  | 3524 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 244058 | 895 | SH |  | SOLE |  | 895 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 2572628 | 76113 | SH |  | SOLE |  | 76113 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 17391227 | 190610 | SH |  | SOLE |  | 190610 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4929957 | 206880 | SH |  | SOLE |  | 206880 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 6071089 | 239964 | SH |  | SOLE |  | 239964 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 1617392 | 76436 | SH |  | SOLE |  | 76436 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 3620869 | 120135 | SH |  | SOLE |  | 120135 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 530806 | 21630 | SH |  | SOLE |  | 21630 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 2249450 | 68145 | SH |  | SOLE |  | 68145 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 312232 | 10689 | SH |  | SOLE |  | 10689 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 3072432 | 76772 | SH |  | SOLE |  | 76772 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 216883 | 8184 | SH |  | SOLE |  | 8184 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 12822369 | 524647 | SH |  | SOLE |  | 524647 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 11669456 | 478649 | SH |  | SOLE |  | 478649 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 10519953 | 476016 | SH |  | SOLE |  | 476016 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 3555320 | 126749 | SH |  | SOLE |  | 126749 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 430659 | 5078 | SH |  | SOLE |  | 5078 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 259387 | 2390 | SH |  | SOLE |  | 2390 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 624781 | 7651 | SH |  | SOLE |  | 7651 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 760256 | 5640 | SH |  | SOLE |  | 5640 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2062790 | 8146 | SH |  | SOLE |  | 8146 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 716398 | 4856 | SH |  | SOLE |  | 4856 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 952289 | 18184 | SH |  | SOLE |  | 18184 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 253189 | 1165 | SH |  | SOLE |  | 1165 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 208255 | 2572 | SH |  | SOLE |  | 2572 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 277292 | 3660 | SH |  | SOLE |  | 3660 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 565444 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 469292 | 1065 | SH |  | SOLE |  | 1065 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 6972072 | 22872 | SH |  | SOLE |  | 22872 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 13086160 | 323195 | SH |  | SOLE |  | 323195 | 0 | 0 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 517501 | 8664 | SH |  | SOLE |  | 8664 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 2195756 | 51375 | SH |  | SOLE |  | 51375 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 10477065 | 16957 | SH |  | SOLE |  | 16957 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 246753 | 436 | SH |  | SOLE |  | 436 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 5858304 | 107729 | SH |  | SOLE |  | 107729 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 5171400 | 121394 | SH |  | SOLE |  | 121394 | 0 | 0 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 |  | 241589 | 5051 | SH |  | SOLE |  | 5051 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 |  | 2523986 | 86172 | SH |  | SOLE |  | 86172 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 19027498 | 261762 | SH |  | SOLE |  | 261762 | 0 | 0 |
| SPDR SERIES TRUST | HLTH CR EQUIP | 78464A581 |  | 244036 | 3005 | SH |  | SOLE |  | 3005 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 341793 | 2076 | SH |  | SOLE |  | 2076 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 268237 | 678 | SH |  | SOLE |  | 678 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 331128 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 6904905 | 21737 | SH |  | SOLE |  | 21737 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 398838 | 1921 | SH |  | SOLE |  | 1921 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 992566 | 2448 | SH |  | SOLE |  | 2448 | 0 | 0 |
| TIDAL TRUST I | FUNDSTRAT GRANNY | 886364231 |  | 1963385 | 86569 | SH |  | SOLE |  | 86569 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 565830 | 4582 | SH |  | SOLE |  | 4582 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 578647 | 6202 | SH |  | SOLE |  | 6202 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 539538 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 6375894 | 63165 | SH |  | SOLE |  | 63165 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 747480 | 2396 | SH |  | SOLE |  | 2396 | 0 | 0 |
| UROGEN PHARMA LTD | COM | M96088105 |  | 214556 | 15661 | SH |  | SOLE |  | 15661 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 596667 | 13186 | SH |  | SOLE |  | 13186 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 461043 | 8856 | SH |  | SOLE |  | 8856 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 310823 | 3314 | SH |  | SOLE |  | 3314 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 212751 | 2889 | SH |  | SOLE |  | 2889 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 414726 | 946 | SH |  | SOLE |  | 946 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2532742 | 9051 | SH |  | SOLE |  | 9051 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 4568376 | 25848 | SH |  | SOLE |  | 25848 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 550925 | 2825 | SH |  | SOLE |  | 2825 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 8190358 | 26948 | SH |  | SOLE |  | 26948 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1944496 | 21834 | SH |  | SOLE |  | 21834 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 2363659 | 9974 | SH |  | SOLE |  | 9974 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4528692 | 7973 | SH |  | SOLE |  | 7973 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 1384148 | 10770 | SH |  | SOLE |  | 10770 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 247062 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 334086 | 4970 | SH |  | SOLE |  | 4970 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1127853 | 22803 | SH |  | SOLE |  | 22803 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 238633 | 2878 | SH |  | SOLE |  | 2878 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1561568 | 7630 | SH |  | SOLE |  | 7630 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 3537070 | 62043 | SH |  | SOLE |  | 62043 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 909357 | 1371 | SH |  | SOLE |  | 1371 | 0 | 0 |
| VANGUARD WORLD FD | CONSUM STP ETF | 92204A207 |  | 441504 | 2016 | SH |  | SOLE |  | 2016 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1468931 | 5915 | SH |  | SOLE |  | 5915 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 546270 | 3194 | SH |  | SOLE |  | 3194 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 229286 | 1299 | SH |  | SOLE |  | 1299 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 1092234 | 8580 | SH |  | SOLE |  | 8580 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 389146 | 8993 | SH |  | SOLE |  | 8993 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 7853969 | 22121 | SH |  | SOLE |  | 22121 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2267324 | 23188 | SH |  | SOLE |  | 23188 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 3048293 | 265994 | SH |  | SOLE |  | 265994 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 258707 | 3229 | SH |  | SOLE |  | 3229 | 0 | 0 |
| WESTERN ASSET EMERGING MKTS | COM | 95766A101 |  | 104018 | 10350 | SH |  | SOLE |  | 10350 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 372768 | 14510 | SH |  | SOLE |  | 14510 | 0 | 0 |
| WISDOMTREE TR | US HIGH DIVIDEND | 97717W208 |  | 255691 | 2664 | SH |  | SOLE |  | 2664 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 6039458 | 66215 | SH |  | SOLE |  | 66215 | 0 | 0 |

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