# EDGAR Filing Document

**Accession Number:** 0001713697
**File Stem:** 0001713697-25-000005
**Filing Date:** 2025-10
**Character Count:** 26595
**Document Hash:** 3a3152143f2bfb7c718b29988c470d4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001713697-25-000005.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0001713697-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**EFFECTIVENESS DATE**: 20251017

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLC Capital Advisors
- **CENTRAL INDEX KEY:** 0001713697

**ORGANIZATION NAME:**
- **EIN:** 300726812
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19079
- **FILM NUMBER:** 251400360

**BUSINESS ADDRESS:**
- **STREET 1:** 44750 VILLAGE COURT
- **CITY:** PALM DESERT
- **STATE:** CA
- **ZIP:** 92260
- **BUSINESS PHONE:** 760-779-8110

**MAIL ADDRESS:**
- **STREET 1:** 44750 VILLAGE COURT
- **CITY:** PALM DESERT
- **STATE:** CA
- **ZIP:** 92260

### 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:** FLC Capital Advisors<br>**Address:** 44750 VILLAGE COURT<br>PALM DESERT, CA 92260

**Form 13F File Number:** 028-19079

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:** Brian Ekstrom<br>**Title:** Chief Compliance Officer<br>**Phone:** 760-779-8110

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

/s/ Brian Ekstrom  Palm Desert, CA  10-16-2025<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:** 211

**Form 13F Information Table Value Total:** $516282470

      (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 | BBG001S5T7X2 | 954373 | 6150 | SH |  | SOLE |  | 0 | 0 | 6150 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 638894 | 4770 | SH |  | SOLE |  | 0 | 0 | 4770 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 1300792 | 5618 | SH |  | SOLE |  | 0 | 0 | 5618 |
| ABRDN PRECIOUS METALS BASKET | PHYSCL PRECS MET | 003263100 | BBG001T79CF8 | 2178811 | 13169 | SH |  | SOLE |  | 0 | 0 | 13169 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 783105 | 2220 | SH |  | SOLE |  | 0 | 0 | 2220 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 576583 | 3226 | SH |  | SOLE |  | 0 | 0 | 3226 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 349021 | 1626 | SH |  | SOLE |  | 0 | 0 | 1626 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 6917654 | 28456 | SH |  | SOLE |  | 0 | 0 | 28456 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 5535648 | 22729 | SH |  | SOLE |  | 0 | 0 | 22729 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 928275 | 14052 | SH |  | SOLE |  | 0 | 0 | 14052 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 6335253 | 28853 | SH |  | SOLE |  | 0 | 0 | 28853 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG005KLVT74 | 134837 | 60465 | SH |  | SOLE |  | 0 | 0 | 60465 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 217350 | 1932 | SH |  | SOLE |  | 0 | 0 | 1932 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 317545 | 956 | SH |  | SOLE |  | 0 | 0 | 956 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 588669 | 2086 | SH |  | SOLE |  | 0 | 0 | 2086 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 20450808 | 80316 | SH |  | SOLE |  | 0 | 0 | 80316 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 1080669 | 52948 | SH |  | SOLE |  | 0 | 0 | 52948 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 765897 | 27121 | SH |  | SOLE |  | 0 | 0 | 27121 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 2339242 | 45343 | SH |  | SOLE |  | 0 | 0 | 45343 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 902617 | 27544 | SH |  | SOLE |  | 0 | 0 | 27544 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 3525716 | 7013 | SH |  | SOLE |  | 0 | 0 | 7013 |
| BLACKROCK ETF TRUST II | ISHARES SHORT-TE | 092528884 | BBG01HFQDFN4 | 216108 | 4265 | SH |  | SOLE |  | 0 | 0 | 4265 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 353259 | 303 | SH |  | SOLE |  | 0 | 0 | 303 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 | BBG00MS80PP0 | 395769 | 15181 | SH |  | SOLE |  | 0 | 0 | 15181 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 230722 | 1069 | SH |  | SOLE |  | 0 | 0 | 1069 |
| BOOT BARN HLDGS INC | COM | 099406100 | BBG007D38ZV3 | 216099 | 1304 | SH |  | SOLE |  | 0 | 0 | 1304 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 229310 | 4320 | SH |  | SOLE |  | 0 | 0 | 4320 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 1084744 | 3288 | SH |  | SOLE |  | 0 | 0 | 3288 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 2913001 | 6105 | SH |  | SOLE |  | 0 | 0 | 6105 |
| CENCORA INC | COM | 03073E105 | BBG001S8X7P0 | 327844 | 1049 | SH |  | SOLE |  | 0 | 0 | 1049 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 7275958 | 46854 | SH |  | SOLE |  | 0 | 0 | 46854 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 652562 | 2312 | SH |  | SOLE |  | 0 | 0 | 2312 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1293891 | 18911 | SH |  | SOLE |  | 0 | 0 | 18911 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 530420 | 5226 | SH |  | SOLE |  | 0 | 0 | 5226 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 315257 | 4754 | SH |  | SOLE |  | 0 | 0 | 4754 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 511895 | 16292 | SH |  | SOLE |  | 0 | 0 | 16292 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 201040 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 713078 | 5295 | SH |  | SOLE |  | 0 | 0 | 5295 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1533438 | 1657 | SH |  | SOLE |  | 0 | 0 | 1657 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 1233320 | 2920 | SH |  | SOLE |  | 0 | 0 | 2920 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG001SM0K30 | 214025 | 1238 | SH |  | SOLE |  | 0 | 0 | 1238 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 | BBG01631TNW2 | 313046 | 9547 | SH |  | SOLE |  | 0 | 0 | 9547 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 9428662 | 137725 | SH |  | SOLE |  | 0 | 0 | 137725 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 880047 | 7686 | SH |  | SOLE |  | 0 | 0 | 7686 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 442406 | 3575 | SH |  | SOLE |  | 0 | 0 | 3575 |
| DYCOM INDS INC | COM | 267475101 | BBG001S6MGW8 | 331731 | 1137 | SH |  | SOLE |  | 0 | 0 | 1137 |
| EDISON INTL | COM | 281020107 | BBG001S7MY75 | 407745 | 7376 | SH |  | SOLE |  | 0 | 0 | 7376 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 870583 | 1141 | SH |  | SOLE |  | 0 | 0 | 1141 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 | BBG001S63XQ9 | 218285 | 3611 | SH |  | SOLE |  | 0 | 0 | 3611 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG001S5QVG1 | 363742 | 560 | SH |  | SOLE |  | 0 | 0 | 560 |
| ENBRIDGE INC | COM | 29250N105 | BBG001S6Q6D7 | 4786181 | 94851 | SH |  | SOLE |  | 0 | 0 | 94851 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 348228 | 20293 | SH |  | SOLE |  | 0 | 0 | 20293 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 3479257 | 111265 | SH |  | SOLE |  | 0 | 0 | 111265 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 593696 | 758 | SH |  | SOLE |  | 0 | 0 | 758 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 4672811 | 41444 | SH |  | SOLE |  | 0 | 0 | 41444 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 565708 | 2399 | SH |  | SOLE |  | 0 | 0 | 2399 |
| FIDELITY COVINGTON TRUST | CONSMR STAPLES | 316092303 | BBG005FHW240 | 249350 | 5003 | SH |  | SOLE |  | 0 | 0 | 5003 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 | BBG005FHVXB5 | 461868 | 8179 | SH |  | SOLE |  | 0 | 0 | 8179 |
| FIRST FNDTN INC | COM | 32026V104 | BBG001V9VY13 | 825312 | 148171 | SH |  | SOLE |  | 0 | 0 | 148171 |
| FORTINET INC | COM | 34959E109 | BBG001S77BL6 | 866444 | 10305 | SH |  | SOLE |  | 0 | 0 | 10305 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 378434 | 9649 | SH |  | SOLE |  | 0 | 0 | 9649 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZQ07 | 321891 | 21560 | SH |  | SOLE |  | 0 | 0 | 21560 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 368505 | 1225 | SH |  | SOLE |  | 0 | 0 | 1225 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 527186 | 1546 | SH |  | SOLE |  | 0 | 0 | 1546 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 406889 | 8070 | SH |  | SOLE |  | 0 | 0 | 8070 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 299589 | 2699 | SH |  | SOLE |  | 0 | 0 | 2699 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 | BBG00HPF2LX6 | 454720 | 23403 | SH |  | SOLE |  | 0 | 0 | 23403 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 220589 | 277 | SH |  | SOLE |  | 0 | 0 | 277 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 388915 | 9011 | SH |  | SOLE |  | 0 | 0 | 9011 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 673021 | 1661 | SH |  | SOLE |  | 0 | 0 | 1661 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG001SFVN99 | 211685 | 1031 | SH |  | SOLE |  | 0 | 0 | 1031 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 433701 | 12927 | SH |  | SOLE |  | 0 | 0 | 12927 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 7882704 | 27937 | SH |  | SOLE |  | 0 | 0 | 27937 |
| INVESCO EXCHANGE TRADED FD T | S 100 EQL WIGH | 46137V449 | BBG001SS30F5 | 321104 | 2800 | SH |  | SOLE |  | 0 | 0 | 2800 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 455445 | 759 | SH |  | SOLE |  | 0 | 0 | 759 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 | BBG00H5VLN77 | 10874235 | 161076 | SH |  | SOLE |  | 0 | 0 | 161076 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 699105 | 16500 | SH |  | SOLE |  | 0 | 0 | 16500 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 238182 | 2728 | SH |  | SOLE |  | 0 | 0 | 2728 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 2716121 | 41620 | SH |  | SOLE |  | 0 | 0 | 41620 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 1293702 | 10887 | SH |  | SOLE |  | 0 | 0 | 10887 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 6282719 | 9387 | SH |  | SOLE |  | 0 | 0 | 9387 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 | BBG001SP62C7 | 304173 | 2671 | SH |  | SOLE |  | 0 | 0 | 2671 |
| ISHARES TR | EAFE VALUE ETF | 464288877 | BBG001SNYBH6 | 202405 | 2984 | SH |  | SOLE |  | 0 | 0 | 2984 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 | BBG00FFPFTS4 | 3533858 | 24271 | SH |  | SOLE |  | 0 | 0 | 24271 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 | BBG001S60KQ0 | 227888 | 2208 | SH |  | SOLE |  | 0 | 0 | 2208 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 219249 | 1586 | SH |  | SOLE |  | 0 | 0 | 1586 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 633609 | 6786 | SH |  | SOLE |  | 0 | 0 | 6786 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 938852 | 4827 | SH |  | SOLE |  | 0 | 0 | 4827 |
| ISHARES TR | MSCI USA VALUE | 46432F388 | BBG004FPWGT7 | 428421 | 3426 | SH |  | SOLE |  | 0 | 0 | 3426 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 264202 | 2481 | SH |  | SOLE |  | 0 | 0 | 2481 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 11300860 | 24126 | SH |  | SOLE |  | 0 | 0 | 24126 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 323017 | 1335 | SH |  | SOLE |  | 0 | 0 | 1335 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 311538 | 936 | SH |  | SOLE |  | 0 | 0 | 936 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 1969023 | 18440 | SH |  | SOLE |  | 0 | 0 | 18440 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 | BBG001SQZT52 | 200787 | 3342 | SH |  | SOLE |  | 0 | 0 | 3342 |
| ISHARES TR | US AER DEF ETF | 464288760 | BBG001SC08P5 | 1645202 | 7862 | SH |  | SOLE |  | 0 | 0 | 7862 |
| ISHARES TR | US REGNL BKS ETF | 464288778 | BBG001SQZTM3 | 203606 | 3876 | SH |  | SOLE |  | 0 | 0 | 3876 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 | BBG00X2MYTD1 | 167937 | 10405 | SH |  | SOLE |  | 0 | 0 | 10405 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2508709 | 13530 | SH |  | SOLE |  | 0 | 0 | 13530 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG001S5WZ84 | 229246 | 2085 | SH |  | SOLE |  | 0 | 0 | 2085 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 5021994 | 15921 | SH |  | SOLE |  | 0 | 0 | 15921 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 270937 | 2179 | SH |  | SOLE |  | 0 | 0 | 2179 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 594652 | 21005 | SH |  | SOLE |  | 0 | 0 | 21005 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 805714 | 747 | SH |  | SOLE |  | 0 | 0 | 747 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 1006290 | 38644 | SH |  | SOLE |  | 0 | 0 | 38644 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 254678 | 1902 | SH |  | SOLE |  | 0 | 0 | 1902 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 473573 | 949 | SH |  | SOLE |  | 0 | 0 | 949 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 367415 | 1462 | SH |  | SOLE |  | 0 | 0 | 1462 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 889050 | 1563 | SH |  | SOLE |  | 0 | 0 | 1563 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 466089 | 1534 | SH |  | SOLE |  | 0 | 0 | 1534 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 271162 | 351 | SH |  | SOLE |  | 0 | 0 | 351 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 353436 | 3711 | SH |  | SOLE |  | 0 | 0 | 3711 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 7268926 | 86607 | SH |  | SOLE |  | 0 | 0 | 86607 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 5969853 | 8129 | SH |  | SOLE |  | 0 | 0 | 8129 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 10458033 | 20191 | SH |  | SOLE |  | 0 | 0 | 20191 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 253541 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1855928 | 1548 | SH |  | SOLE |  | 0 | 0 | 1548 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 296181 | 3513 | SH |  | SOLE |  | 0 | 0 | 3513 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 1796888 | 23803 | SH |  | SOLE |  | 0 | 0 | 23803 |
| NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 | BBG001V0FSC1 | 136800 | 22800 | SH |  | SOLE |  | 0 | 0 | 22800 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 249703 | 3581 | SH |  | SOLE |  | 0 | 0 | 3581 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 263159 | 876 | SH |  | SOLE |  | 0 | 0 | 876 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 421397 | 3286 | SH |  | SOLE |  | 0 | 0 | 3286 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | BBG001SKQWJ3 | 802380 | 70446 | SH |  | SOLE |  | 0 | 0 | 70446 |
| NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | BBG001S94NN7 | 226160 | 17850 | SH |  | SOLE |  | 0 | 0 | 17850 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 6352676 | 34048 | SH |  | SOLE |  | 0 | 0 | 34048 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 215711 | 767 | SH |  | SOLE |  | 0 | 0 | 767 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 1664594 | 8175 | SH |  | SOLE |  | 0 | 0 | 8175 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 264802 | 2089 | SH |  | SOLE |  | 0 | 0 | 2089 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 214391 | 3197 | SH |  | SOLE |  | 0 | 0 | 3197 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 460362 | 3278 | SH |  | SOLE |  | 0 | 0 | 3278 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1828114 | 71747 | SH |  | SOLE |  | 0 | 0 | 71747 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 2354009 | 14513 | SH |  | SOLE |  | 0 | 0 | 14513 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 | BBG002Q8P804 | 200594 | 10131 | SH |  | SOLE |  | 0 | 0 | 10131 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 674524 | 4390 | SH |  | SOLE |  | 0 | 0 | 4390 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 283764 | 3400 | SH |  | SOLE |  | 0 | 0 | 3400 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 1566980 | 9419 | SH |  | SOLE |  | 0 | 0 | 9419 |
| RB GLOBAL INC | COM | 74935Q107 | BBG001SBQWW8 | 209568 | 1934 | SH |  | SOLE |  | 0 | 0 | 1934 |
| REALTY INCOME CORP | COM | 756109104 | BBG001S884K0 | 643523 | 10586 | SH |  | SOLE |  | 0 | 0 | 10586 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 1243597 | 7432 | SH |  | SOLE |  | 0 | 0 | 7432 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 1424133 | 6009 | SH |  | SOLE |  | 0 | 0 | 6009 |
| SANOFI SA | SPONSORED ADR | 80105N105 | BBG001S5W768 | 271447 | 5751 | SH |  | SOLE |  | 0 | 0 | 5751 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 282975 | 1059 | SH |  | SOLE |  | 0 | 0 | 1059 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 1252185 | 13116 | SH |  | SOLE |  | 0 | 0 | 13116 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 | BBG001T5XQY3 | 18449376 | 792499 | SH |  | SOLE |  | 0 | 0 | 792499 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | BBG001T9F7C1 | 36761113 | 1462838 | SH |  | SOLE |  | 0 | 0 | 1462838 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 | BBG001T9F795 | 37216362 | 1525261 | SH |  | SOLE |  | 0 | 0 | 1525261 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 | BBG001WBMLH8 | 293492 | 12505 | SH |  | SOLE |  | 0 | 0 | 12505 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | BBG0025RWLM4 | 4723563 | 173024 | SH |  | SOLE |  | 0 | 0 | 173024 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 34234738 | 1072853 | SH |  | SOLE |  | 0 | 0 | 1072853 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 | BBG001T66WQ7 | 394062 | 13537 | SH |  | SOLE |  | 0 | 0 | 13537 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 365758 | 4094 | SH |  | SOLE |  | 0 | 0 | 4094 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 | BBG00B597137 | 4018275 | 95378 | SH |  | SOLE |  | 0 | 0 | 95378 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 614296 | 4414 | SH |  | SOLE |  | 0 | 0 | 4414 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG001S7TD56 | 296601 | 3401 | SH |  | SOLE |  | 0 | 0 | 3401 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 788644 | 2798 | SH |  | SOLE |  | 0 | 0 | 2798 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 438974 | 477 | SH |  | SOLE |  | 0 | 0 | 477 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 370168 | 5175 | SH |  | SOLE |  | 0 | 0 | 5175 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 336244 | 3548 | SH |  | SOLE |  | 0 | 0 | 3548 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 285791 | 429 | SH |  | SOLE |  | 0 | 0 | 429 |
| SPDR SERIES TRUST | AEROSPACE DEF | 78464A631 | BBG0024LG8W4 | 7876028 | 33521 | SH |  | SOLE |  | 0 | 0 | 33521 |
| SPDR SERIES TRUST | BLOOMBERG INTL T | 78464A516 | BBG001T05M47 | 9444559 | 410633 | SH |  | SOLE |  | 0 | 0 | 410633 |
| SPDR SERIES TRUST | PORTFLI HIGH YLD | 78468R606 | BBG0034VNBZ2 | 330324 | 13798 | SH |  | SOLE |  | 0 | 0 | 13798 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 | BBG001STKCY7 | 15788765 | 585854 | SH |  | SOLE |  | 0 | 0 | 585854 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 481869 | 6151 | SH |  | SOLE |  | 0 | 0 | 6151 |
| SPDR SERIES TRUST | PRTFLO S HI | 78468R788 | BBG00B6WD879 | 626208 | 14232 | SH |  | SOLE |  | 0 | 0 | 14232 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 875704 | 10351 | SH |  | SOLE |  | 0 | 0 | 10351 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 309104 | 3754 | SH |  | SOLE |  | 0 | 0 | 3754 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 2125676 | 7611 | SH |  | SOLE |  | 0 | 0 | 7611 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 | BBG001T8N8N0 | 166486 | 11372 | SH |  | SOLE |  | 0 | 0 | 11372 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 | BBG001S9TN41 | 230715 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 690152 | 7694 | SH |  | SOLE |  | 0 | 0 | 7694 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1380411 | 3104 | SH |  | SOLE |  | 0 | 0 | 3104 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 320241 | 1743 | SH |  | SOLE |  | 0 | 0 | 1743 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 724662 | 15850 | SH |  | SOLE |  | 0 | 0 | 15850 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 1192687 | 12174 | SH |  | SOLE |  | 0 | 0 | 12174 |
| UBS GROUP AG | SHS | H42097107 | BBG007936GX0 | 233413 | 5693 | SH |  | SOLE |  | 0 | 0 | 5693 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 703831 | 11873 | SH |  | SOLE |  | 0 | 0 | 11873 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 367555 | 1555 | SH |  | SOLE |  | 0 | 0 | 1555 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 1668595 | 19976 | SH |  | SOLE |  | 0 | 0 | 19976 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 657232 | 62003 | SH |  | SOLE |  | 0 | 0 | 62003 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 | BBG001SZDBR1 | 576188 | 11320 | SH |  | SOLE |  | 0 | 0 | 11320 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 | BBG001ST39Q2 | 3744437 | 47452 | SH |  | SOLE |  | 0 | 0 | 47452 |
| VANGUARD CALIF TAX FREE FDS | TAX EXEMPT BD FD | 922021605 | BBG01L82WF19 | 2020043 | 20247 | SH |  | SOLE |  | 0 | 0 | 20247 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 772172 | 1610 | SH |  | SOLE |  | 0 | 0 | 1610 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | BBG001SHVTS1 | 9521486 | 32415 | SH |  | SOLE |  | 0 | 0 | 32415 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 1267447 | 2070 | SH |  | SOLE |  | 0 | 0 | 2070 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 225038 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 2346087 | 7149 | SH |  | SOLE |  | 0 | 0 | 7149 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 33797461 | 181229 | SH |  | SOLE |  | 0 | 0 | 181229 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 | BBG01S6YYQV7 | 3728878 | 49314 | SH |  | SOLE |  | 0 | 0 | 49314 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 713498 | 14250 | SH |  | SOLE |  | 0 | 0 | 14250 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 12357729 | 146923 | SH |  | SOLE |  | 0 | 0 | 146923 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 12178935 | 259347 | SH |  | SOLE |  | 0 | 0 | 259347 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 4053184 | 18783 | SH |  | SOLE |  | 0 | 0 | 18783 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 880944 | 14702 | SH |  | SOLE |  | 0 | 0 | 14702 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 | BBG004N1LYJ5 | 550292 | 8226 | SH |  | SOLE |  | 0 | 0 | 8226 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 728289 | 5167 | SH |  | SOLE |  | 0 | 0 | 5167 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 | BBG00C868SD7 | 999647 | 11805 | SH |  | SOLE |  | 0 | 0 | 11805 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 | BBG001SHTV45 | 251720 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 | BBG001T0Y6Y7 | 605099 | 2479 | SH |  | SOLE |  | 0 | 0 | 2479 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 891702 | 20289 | SH |  | SOLE |  | 0 | 0 | 20289 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 991026 | 2903 | SH |  | SOLE |  | 0 | 0 | 2903 |
| VISTRA CORP | COM | 92840M102 | BBG00DXDL6R0 | 281929 | 1439 | SH |  | SOLE |  | 0 | 0 | 1439 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 3596694 | 34899 | SH |  | SOLE |  | 0 | 0 | 34899 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 223038 | 1010 | SH |  | SOLE |  | 0 | 0 | 1010 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 493700 | 5890 | SH |  | SOLE |  | 0 | 0 | 5890 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 216440 | 1215 | SH |  | SOLE |  | 0 | 0 | 1215 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 | BBG001SHL470 | 624530 | 4878 | SH |  | SOLE |  | 0 | 0 | 4878 |
| WP CAREY INC | COM | 92936U109 | BBG001S67MM3 | 497450 | 7362 | SH |  | SOLE |  | 0 | 0 | 7362 |

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