# EDGAR Filing Document

**Accession Number:** 0002011548
**File Stem:** 0002011548-25-000005
**Filing Date:** 2025-11
**Character Count:** 21195
**Document Hash:** 7c23175f4ee3194d1cd743dd09dc6394
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002011548-25-000005.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0002011548-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Novak & Powell Financial Services, Inc.
- **CENTRAL INDEX KEY:** 0002011548

**ORGANIZATION NAME:**
- **EIN:** 840896870
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23984
- **FILM NUMBER:** 251485228

**BUSINESS ADDRESS:**
- **STREET 1:** 146 SECOND STREET NORTH
- **STREET 2:** SUITE 310
- **CITY:** ST. PETERSBURG
- **STATE:** FL
- **ZIP:** 33701
- **BUSINESS PHONE:** 727-451-3440

**MAIL ADDRESS:**
- **STREET 1:** 146 SECOND STREET NORTH
- **STREET 2:** SUITE 310
- **CITY:** ST. PETERSBURG
- **STATE:** FL
- **ZIP:** 33701

### 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:** Novak  Powell Financial Services Inc.<br>**Address:** 146 SECOND STREET NORTH<br>SUITE 310<br>ST. PETERSBURG, FL 33701

**Form 13F File Number:** 028-23984

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:** David Novak<br>**Title:** Principal / CCO<br>**Phone:** 727-451-3440

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

David Novak  St. Petersburg, FL  11-14-2025<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:** 163

**Form 13F Information Table Value Total:** $190178004

      (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 |  | 692075 | 4460 | SH |  | SOLE |  | 0 | 0 | 4460 |
| ABBVIE INCORPORATED | COM | 00287Y109 |  | 273912 | 1183 | SH |  | SOLE |  | 0 | 0 | 1183 |
| ALERIAN MLP ETF | ALERIAN MLP | 00162Q452 |  | 693918 | 14786 | SH |  | SOLE |  | 0 | 0 | 14786 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 354594 | 5368 | SH |  | SOLE |  | 0 | 0 | 5368 |
| AMAZON COM INCORPORATED | COM | 023135106 |  | 1096752 | 4995 | SH |  | SOLE |  | 0 | 0 | 4995 |
| AMGEN INC | COM | 031162100 |  | 798497 | 2830 | SH |  | SOLE |  | 0 | 0 | 2830 |
| APPLE INC | COM | 037833100 |  | 10171287 | 39945 | SH |  | SOLE |  | 0 | 0 | 39945 |
| APPLIED MATLS INCORPORATED | COM | 038222105 |  | 332851 | 1626 | SH |  | SOLE |  | 0 | 0 | 1626 |
| AT INCORPORATED | COM | 00206R102 |  | 301357 | 10671 | SH |  | SOLE |  | 0 | 0 | 10671 |
| AUTOMATIC DATA PROCESSING INCORPORATED | COM | 053015103 |  | 430887 | 1468 | SH |  | SOLE |  | 0 | 0 | 1468 |
| BALL CORP | COM | 058498106 |  | 211764 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| BANK AMERICA CORPORATION | COM | 060505104 |  | 367089 | 7116 | SH |  | SOLE |  | 0 | 0 | 7116 |
| BERKSHIRE HATHAWAY CLASS  B | CL B | 084670702 |  | 4019406 | 7995 | SH |  | SOLE |  | 0 | 0 | 7995 |
| BERKSHIRE HATHAWAY INCORPORATED DEL CLASS A | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BOEING COMPANY | COM | 097023105 |  | 1319929 | 6116 | SH |  | SOLE |  | 0 | 0 | 6116 |
| BROADCOM INCORPORATED | COM | 11135F101 |  | 210483 | 638 | SH |  | SOLE |  | 0 | 0 | 638 |
| BROADRIDGE FINL SOLUTIONS INCORPORATED | COM | 11133T103 |  | 274455 | 1152 | SH |  | SOLE |  | 0 | 0 | 1152 |
| BROOKFIELD INFRAST PARTNERS LP LP INT UNIT | LP INT UNIT | G16252101 |  | 610932 | 18575 | SH |  | SOLE |  | 0 | 0 | 18575 |
| CHEVRON CORPORATION NEW | COM | 166764100 |  | 370334 | 2385 | SH |  | SOLE |  | 0 | 0 | 2385 |
| CINTAS CORPORATION | COM | 172908105 |  | 575252 | 2803 | SH |  | SOLE |  | 0 | 0 | 2803 |
| CISCO SYS INC | COM | 17275R102 |  | 289733 | 4235 | SH |  | SOLE |  | 0 | 0 | 4235 |
| COCA COLA COMPANY | COM | 191216100 |  | 227544 | 3431 | SH |  | SOLE |  | 0 | 0 | 3431 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 317210 | 5264 | SH |  | SOLE |  | 0 | 0 | 5264 |
| CORNING INCORPORATED | COM | 219350105 |  | 233894 | 2851 | SH |  | SOLE |  | 0 | 0 | 2851 |
| COSTCO WHOLESALE CORPORATION NEW | COM | 22160K105 |  | 415977 | 449 | SH |  | SOLE |  | 0 | 0 | 449 |
| DANAHER CORPORATION | COM | 235851102 |  | 257540 | 1299 | SH |  | SOLE |  | 0 | 0 | 1299 |
| DEERE  COMPANY | COM | 244199105 |  | 237689 | 520 | SH |  | SOLE |  | 0 | 0 | 520 |
| DIMENSIONAL INTERN CORE EQT MKT ETF | CORE EQT | 25434V203 |  | 237620 | 6537 | SH |  | SOLE |  | 0 | 0 | 6537 |
| DIMENSIONAL U S SMALL CAP ETF | US SMALL CAP ETF | 25434V500 |  | 290814 | 4248 | SH |  | SOLE |  | 0 | 0 | 4248 |
| DISNEY WALT COMPANY | COM | 254687106 |  | 587991 | 5135 | SH |  | SOLE |  | 0 | 0 | 5135 |
| DNP SELECT INCOME FD INCORPORATED | COM | 23325P104 |  | 580869 | 58029 | SH |  | SOLE |  | 0 | 0 | 58029 |
| DOMINION ENERGY INCORPORATED | COM | 25746U109 |  | 259892 | 4249 | SH |  | SOLE |  | 0 | 0 | 4249 |
| DUKE ENERGY CORPORATION NEW COM NEW | COM NEW | 26441C204 |  | 567311 | 4584 | SH |  | SOLE |  | 0 | 0 | 4584 |
| ECOLAB INCORPORATED | COM | 278865100 |  | 872918 | 3187 | SH |  | SOLE |  | 0 | 0 | 3187 |
| ELECTRONIC ARTS INCORPORATED | COM | 285512109 |  | 414610 | 2056 | SH |  | SOLE |  | 0 | 0 | 2056 |
| ENTERPRISE PRODS PART LP | COM | 293792107 |  | 1279045 | 40903 | SH |  | SOLE |  | 0 | 0 | 40903 |
| EQUIFAX INCORPORATED | COM | 294429105 |  | 1012160 | 3946 | SH |  | SOLE |  | 0 | 0 | 3946 |
| EVERGY INCORPORATED | COM | 30034W106 |  | 534960 | 7037 | SH |  | SOLE |  | 0 | 0 | 7037 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 202607 | 2848 | SH |  | SOLE |  | 0 | 0 | 2848 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 690092 | 6121 | SH |  | SOLE |  | 0 | 0 | 6121 |
| FIRST TRUST CAPITAL STRENGTH ETF | CAP STRENGTH ETF | 33733E104 |  | 482612 | 5154 | SH |  | SOLE |  | 0 | 0 | 5154 |
| FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF | DORSEY WRT 5 ETF | 33738R605 |  | 842240 | 13602 | SH |  | SOLE |  | 0 | 0 | 13602 |
| FIRST TRUST DOW JONES INTERNET INDEX FUND | DJ INTERNT IDX | 33733E302 |  | 3157435 | 11283 | SH |  | SOLE |  | 0 | 0 | 11283 |
| FIRST TRUST ETF II INDLS PROD DURABLE | INDLS PROD DUR | 33734X150 |  | 312240 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| FIRST TRUST HEALTH CARE ALPHADEX FUND | HLTH CARE ALPH | 33734X143 |  | 521046 | 4751 | SH |  | SOLE |  | 0 | 0 | 4751 |
| FIRST TRUST NASDAQ RISING DIVIDEND ACHIEVERS | RISNG DIVD ACHIV | 33738R506 |  | 205143 | 3050 | SH |  | SOLE |  | 0 | 0 | 3050 |
| FIRST TRUST NASDAQ-100 TECHNOLOGY INDEX FUND | SHS | 337345102 |  | 2495172 | 10867 | SH |  | SOLE |  | 0 | 0 | 10867 |
| FIRST TRUST NYSE ARCA BIOTECHNOLOGY INDEX FUND | NY ARCA BIOTECH | 33733E203 |  | 271086 | 1512 | SH |  | SOLE |  | 0 | 0 | 1512 |
| FIRST TRUST PREFERRED SECURITIES AND INCOME ETF | PFD SECS INC ETF | 33739E108 |  | 213973 | 11731 | SH |  | SOLE |  | 0 | 0 | 11731 |
| FIRST TRUST TECHNOLOGY ALPHADEX FUND | TECH ALPHADEX | 33734X176 |  | 1695355 | 10092 | SH |  | SOLE |  | 0 | 0 | 10092 |
| FLAGSTAR FINANCIAL INCORPORATED COM NEW | COM NEW | 649445400 |  | 221502 | 19178 | SH |  | SOLE |  | 0 | 0 | 19178 |
| FT VEST GOLD TARGET INCOME ETF | FT VEST GOLD | 33733E856 |  | 342342 | 14300 | SH |  | SOLE |  | 0 | 0 | 14300 |
| GE AEROSPACE COM NEW | COM NEW | 369604301 |  | 399574 | 1328 | SH |  | SOLE |  | 0 | 0 | 1328 |
| GE VERNOVA INCORPORATED | COM | 36828A101 |  | 202941 | 330 | SH |  | SOLE |  | 0 | 0 | 330 |
| GOLDMAN SACHS GROUP INCORPORATED | COM | 38141G104 |  | 303558 | 381 | SH |  | SOLE |  | 0 | 0 | 381 |
| HEALTHPEAK PROPERTIES INCORPORATED REIT | COM | 42250P103 |  | 222884 | 11639 | SH |  | SOLE |  | 0 | 0 | 11639 |
| HOME DEPOT INCORPORATED | COM | 437076102 |  | 248492 | 613 | SH |  | SOLE |  | 0 | 0 | 613 |
| HONEYWELL INTERNATIONAL INCORPORATED | COM | 438516106 |  | 241549 | 1148 | SH |  | SOLE |  | 0 | 0 | 1148 |
| INGREDION INCORPORATED | COM | 457187102 |  | 207329 | 1698 | SH |  | SOLE |  | 0 | 0 | 1698 |
| INTEL CORP | COM | 458140100 |  | 225595 | 6724 | SH |  | SOLE |  | 0 | 0 | 6724 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 11869554 | 19770 | SH |  | SOLE |  | 0 | 0 | 19770 |
| INVESCO S 500 EQUAL WEIGHT INDUSTRIALS ETF | S EQL IND | 46137V324 |  | 264512 | 4715 | SH |  | SOLE |  | 0 | 0 | 4715 |
| INVESCO S 500 LOW VOLATILITY ETF | S LOW VOL | 46138E354 |  | 355836 | 4843 | SH |  | SOLE |  | 0 | 0 | 4843 |
| INVESCO S 500 TOP 50 ETF | S 500 TOP 50 | 46137V233 |  | 308997 | 5372 | SH |  | SOLE |  | 0 | 0 | 5372 |
| INVESCO S SMALLCAP INDUSTRIALS ETF | S SMLCP INDL | 46138E123 |  | 219231 | 1467 | SH |  | SOLE |  | 0 | 0 | 1467 |
| ISHARES BIOTECHNOLOGY ETF | BIOTECH | 464287556 |  | 1570890 | 10881 | SH |  | SOLE |  | 0 | 0 | 10881 |
| ISHARES CORE MSCI EMERGING ETF | MSCI EMERG | 464286533 |  | 288796 | 4381 | SH |  | SOLE |  | 0 | 0 | 4381 |
| ISHARES CORE S 500 ETF | CORE S 500 | 464287200 |  | 592324 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| ISHARES CORE S MID CAP ETF | CORE S MID CAP | 464287507 |  | 2742395 | 42023 | SH |  | SOLE |  | 0 | 0 | 42023 |
| ISHARES CORE S SMALL CAP ETF | CORE S SMALL CAP | 464287804 |  | 2413613 | 20311 | SH |  | SOLE |  | 0 | 0 | 20311 |
| ISHARES GOLD TR ISHARES NEW | ISHARES NEW | 464285204 |  | 2793640 | 38390 | SH |  | SOLE |  | 0 | 0 | 38390 |
| ISHARES INCORPORATED CORE MSCI EMKT | CORE MSCI EMKT | 46434G103 |  | 208136 | 3157 | SH |  | SOLE |  | 0 | 0 | 3157 |
| ISHARES MSCI EMERGING MARKETS ETF | MSCI EMERG | 464287234 |  | 269865 | 5025 | SH |  | SOLE |  | 0 | 0 | 5025 |
| ISHARES S 500 VALUE ETF | S 500 VALUE | 464287408 |  | 779988 | 3777 | SH |  | SOLE |  | 0 | 0 | 3777 |
| ISHARES S MID CAP 400 GRWTH ETF | S MID CAP 400 GRWTH | 464287606 |  | 1582747 | 16506 | SH |  | SOLE |  | 0 | 0 | 16506 |
| ISHARES S MID CAP 400 VALUE ETF | S MID CAP 400 VALUE | 464287705 |  | 1741964 | 13429 | SH |  | SOLE |  | 0 | 0 | 13429 |
| ISHARES S SMALL CAP 600 ETF | S SMALL CAP 600 | 464287879 |  | 1923156 | 17390 | SH |  | SOLE |  | 0 | 0 | 17390 |
| ISHARES S SMLL CAP 600 GRTH ETF | S SMLL CAP 600 GRTH | 464287887 |  | 1696551 | 11990 | SH |  | SOLE |  | 0 | 0 | 11990 |
| ISHARES TR DOW JONES US ETF | DOW JONES US ETF | 464287846 |  | 1191289 | 7332 | SH |  | SOLE |  | 0 | 0 | 7332 |
| ISHARES TR EXPANDED TECH | EXPANDED TECH | 464287515 |  | 715937 | 6225 | SH |  | SOLE |  | 0 | 0 | 6225 |
| ISHARES TR ISHARES SEMICDTR | ISHARES SEMICDTR | 464287523 |  | 284676 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| ISHARES TR RUS TP200 GR ETF | RUS TP200 GR ETF | 464289438 |  | 383110 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| ISHARES TR U.S. TECH ETF | U.S. TECH ETF | 464287721 |  | 370959 | 1894 | SH |  | SOLE |  | 0 | 0 | 1894 |
| ISHARES TR US CONSM STAPLES | US CONSM STAPLES | 464287812 |  | 337299 | 4932 | SH |  | SOLE |  | 0 | 0 | 4932 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1944703 | 10488 | SH |  | SOLE |  | 0 | 0 | 10488 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1788375 | 5670 | SH |  | SOLE |  | 0 | 0 | 5670 |
| KROGER COMPANY | COM | 501044101 |  | 329799 | 4892 | SH |  | SOLE |  | 0 | 0 | 4892 |
| LOWES COMPANIES INCORPORATED | COM | 548661107 |  | 238202 | 948 | SH |  | SOLE |  | 0 | 0 | 948 |
| M  T BK CORPORATION | COM | 55261F104 |  | 331351 | 1677 | SH |  | SOLE |  | 0 | 0 | 1677 |
| MARRIOTT INTERNATIONAL INCORPORATED NEW CLASS A | CL A | 571903202 |  | 354201 | 1360 | SH |  | SOLE |  | 0 | 0 | 1360 |
| MCDONALDS CORP | COM | 580135101 |  | 729464 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| MERCK  COMPANY INCORPORATED | COM | 58933Y105 |  | 414155 | 4935 | SH |  | SOLE |  | 0 | 0 | 4935 |
| META PLATFORMS INC CLASS                  A | COM | 30303M102 |  | 232974 | 317 | SH |  | SOLE |  | 0 | 0 | 317 |
| MICROSOFT CORP | COM | 594918104 |  | 7412567 | 14311 | SH |  | SOLE |  | 0 | 0 | 14311 |
| NEOS NASDAQ 100 HIGH INCOME ETF | NASDAQ 100 HIGH | 78433H675 |  | 314360 | 5800 | SH |  | SOLE |  | 0 | 0 | 5800 |
| NEOS S 500 HIGH INCOME ETF | NEOS S 500 HI | 78433H303 |  | 447720 | 8561 | SH |  | SOLE |  | 0 | 0 | 8561 |
| NEXTERA ENERGY INCORPORATED | COM | 65339F101 |  | 428028 | 5670 | SH |  | SOLE |  | 0 | 0 | 5670 |
| NORFOLK SOUTHN CORPORATION | COM | 655844108 |  | 205709 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3180693 | 17047 | SH |  | SOLE |  | 0 | 0 | 17047 |
| ORACLE CORP | CCM | 68389X105 |  | 757100 | 2692 | SH |  | SOLE |  | 0 | 0 | 2692 |
| PACER US CASH COWS 100 ETF | US CASH COWS 100 | 69374H881 |  | 234396 | 4079 | SH |  | SOLE |  | 0 | 0 | 4079 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 250238 | 1782 | SH |  | SOLE |  | 0 | 0 | 1782 |
| PFIZER INCORPORATED | COM | 717081103 |  | 330144 | 12957 | SH |  | SOLE |  | 0 | 0 | 12957 |
| PHILIP MORRIS INTERNATIONAL INCORPORATED | COM | 718172109 |  | 681681 | 4203 | SH |  | SOLE |  | 0 | 0 | 4203 |
| PHILLIPS 66 | COM | 718546104 |  | 220385 | 1620 | SH |  | SOLE |  | 0 | 0 | 1620 |
| PNC FINL SVCS GROUP INCORPORATED | COM | 693475105 |  | 675951 | 3364 | SH |  | SOLE |  | 0 | 0 | 3364 |
| PROCTER AND GAMBLE COMPANY | COM | 742718109 |  | 1369426 | 8913 | SH |  | SOLE |  | 0 | 0 | 8913 |
| PROSHARES S 500 DIVIDEND ARISTOCRATS ETF | S 500 DV ARIST | 74348A467 |  | 320887 | 3113 | SH |  | SOLE |  | 0 | 0 | 3113 |
| QUALCOMM INCORPORATED | COM | 747525103 |  | 948939 | 5704 | SH |  | SOLE |  | 0 | 0 | 5704 |
| RAYMOND JAMES FINL INCORPORATED | COM | 754730109 |  | 530354 | 3073 | SH |  | SOLE |  | 0 | 0 | 3073 |
| REAVES UTIL INCOME FD COM SH BEN INT | COM SH BEN INT | 756158101 |  | 318545 | 8040 | SH |  | SOLE |  | 0 | 0 | 8040 |
| S  T BANCORP INCORPORATED | COM | 783859101 |  | 519456 | 13819 | SH |  | SOLE |  | 0 | 0 | 13819 |
| S GLOBAL INCORPORATED | COM | 78409V104 |  | 226569 | 466 | SH |  | SOLE |  | 0 | 0 | 466 |
| SBA COMMUNICATIONS CORPORATION NEW CLASS A REIT | CL A | 78410G104 |  | 761606 | 3939 | SH |  | SOLE |  | 0 | 0 | 3939 |
| SFL CORPORATION LIMITED SHS (BERMUDA) | COM | G7738W106 |  | 331388 | 44009 | SH |  | SOLE |  | 0 | 0 | 44009 |
| SOUTHERN COMPANY | COM | 842587107 |  | 580446 | 6125 | SH |  | SOLE |  | 0 | 0 | 6125 |
| SOUTHERN COPPER CORPORATION | COM | 84265V105 |  | 547819 | 4514 | SH |  | SOLE |  | 0 | 0 | 4514 |
| SPDR BLOOMBERG HIGH YIELD BOND ETF | BLOOMBERG HIGH Y | 78468R622 |  | 580200 | 5921 | SH |  | SOLE |  | 0 | 0 | 5921 |
| SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST | UT SER 1 | 78467X109 |  | 3659720 | 7892 | SH |  | SOLE |  | 0 | 0 | 7892 |
| SPDR GOLD SHARES | GOLD SHS | 78463V107 |  | 333786 | 939 | SH |  | SOLE |  | 0 | 0 | 939 |
| SPDR INDUSTRIAL SELECT SECTOR FUND | INDL | 81369Y704 |  | 328170 | 2128 | SH |  | SOLE |  | 0 | 0 | 2128 |
| SPDR S 500 ETF | TR UNIT | 78462F103 |  | 6820785 | 10239 | SH |  | SOLE |  | 0 | 0 | 10239 |
| SPDR S INTERNATIONAL DIVIDEND ETF | S INTL ETF | 78463X772 |  | 837276 | 19608 | SH |  | SOLE |  | 0 | 0 | 19608 |
| SPDR TECHNOLOGY SELECT SECTOR FUND | TECHNOLOGY | 81369Y803 |  | 327907 | 1163 | SH |  | SOLE |  | 0 | 0 | 1163 |
| STRATEGY INCORPORATED CLASS A NEW | CL A NEW | 594972408 |  | 259057 | 804 | SH |  | SOLE |  | 0 | 0 | 804 |
| STRYKER CORPORATION | COM | 863667101 |  | 369670 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| TESLA INCORPORATED | COM | 88160R101 |  | 644399 | 1449 | SH |  | SOLE |  | 0 | 0 | 1449 |
| TEXAS INSTRS INCORPORATED | COM | 882508104 |  | 391345 | 2130 | SH |  | SOLE |  | 0 | 0 | 2130 |
| UNION PAC CORPORATION | COM | 907818108 |  | 249759 | 1057 | SH |  | SOLE |  | 0 | 0 | 1057 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 557755 | 1615 | SH |  | SOLE |  | 0 | 0 | 1615 |
| VANGUARD DIVIDEND APPRECIATION ETF | DIV APP ETF | 921908844 |  | 3995964 | 18518 | SH |  | SOLE |  | 0 | 0 | 18518 |
| VANGUARD FINANCIALS ETF | FINANCIALS ETF | 92204A405 |  | 1880538 | 14329 | SH |  | SOLE |  | 0 | 0 | 14329 |
| VANGUARD FTSE ALL-WORLD EX-US ETF | ALLWRLD EX US | 922042775 |  | 1092245 | 15304 | SH |  | SOLE |  | 0 | 0 | 15304 |
| VANGUARD FTSE EMERGING MARKETS ETF | FTSE EMR MKT ETF | 922042858 |  | 1689546 | 31184 | SH |  | SOLE |  | 0 | 0 | 31184 |
| VANGUARD FTSE EUROPE ETF | FTSE EUROPE ETF | 922042874 |  | 1022864 | 12818 | SH |  | SOLE |  | 0 | 0 | 12818 |
| VANGUARD GROWTH ETF | GROWTH ETF | 922908736 |  | 12809273 | 26708 | SH |  | SOLE |  | 0 | 0 | 26708 |
| VANGUARD HEALTH CARE ETF | HEALTH CAR ETF | 92204A504 |  | 1670511 | 6435 | SH |  | SOLE |  | 0 | 0 | 6435 |
| VANGUARD HIGH DIVIDEND YIELD ETF | HIGH DIV YLD | 921946406 |  | 430073 | 3051 | SH |  | SOLE |  | 0 | 0 | 3051 |
| VANGUARD INDEX FUNDS S 500 ETF SHS NEW | S 500 ETF SHS | 922908363 |  | 325786 | 532 | SH |  | SOLE |  | 0 | 0 | 532 |
| VANGUARD INFORMATION TECHNOLOGY ETF | INF TECH ETF | 92204A702 |  | 300892 | 403 | SH |  | SOLE |  | 0 | 0 | 403 |
| VANGUARD INTERMEDIATE TERM COR ETF | MSCI EMERG | 92206C870 |  | 1571050 | 18679 | SH |  | SOLE |  | 0 | 0 | 18679 |
| VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF | INTL DVD ETF | 921946810 |  | 378744 | 4228 | SH |  | SOLE |  | 0 | 0 | 4228 |
| VANGUARD LARGE CAP ETF | CGM | 922908637 |  | 8989709 | 29201 | SH |  | SOLE |  | 0 | 0 | 29201 |
| VANGUARD MATERIALS ETF | MATERIALS ETF | 92204A801 |  | 607162 | 2964 | SH |  | SOLE |  | 0 | 0 | 2964 |
| VANGUARD MID CAP ETF | CGM | 922908629 |  | 613152 | 2087 | SH |  | SOLE |  | 0 | 0 | 2087 |
| VANGUARD MID CAP GROWTH ETF | MSCI EMERG | 922908538 |  | 1597336 | 5437 | SH |  | SOLE |  | 0 | 0 | 5437 |
| VANGUARD MID CAP VALUE ETF | MSCI EMERG | 922908512 |  | 1173178 | 6720 | SH |  | SOLE |  | 0 | 0 | 6720 |
| VANGUARD REAL ESTATE ETF | REAL ESTATE ETF | 922908553 |  | 1593690 | 17433 | SH |  | SOLE |  | 0 | 0 | 17433 |
| VANGUARD SHORT TERM COR BD ETF | SHORT TRM COR | 92206C409 |  | 2810477 | 35162 | SH |  | SOLE |  | 0 | 0 | 35162 |
| VANGUARD SHORT-TERM BOND ETF | SHORT TRM BOND | 921937827 |  | 1554309 | 19697 | SH |  | SOLE |  | 0 | 0 | 19697 |
| VANGUARD SHORT-TERM TREASURY ETF | SHORT TERM TREAS | 92206C102 |  | 506110 | 8600 | SH |  | SOLE |  | 0 | 0 | 8600 |
| VANGUARD SMALL CAP ETF | CGM | 922908751 |  | 488632 | 1922 | SH |  | SOLE |  | 0 | 0 | 1922 |
| VANGUARD SMALL CAP GROWTH ETF | MSCI EMERG | 922908595 |  | 1023515 | 3439 | SH |  | SOLE |  | 0 | 0 | 3439 |
| VANGUARD SMALL CAP VALUE ETF | MSCI EMERG | 922908611 |  | 693335 | 3322 | SH |  | SOLE |  | 0 | 0 | 3322 |
| VANGUARD TOTAL BOND MARKET ETF | TOTAL BND MRKT | 921937835 |  | 1056906 | 14211 | SH |  | SOLE |  | 0 | 0 | 14211 |
| VANGUARD TOTAL INTERNATIONAL STOCK ETF | VG TL INTL STK F | 921909768 |  | 682347 | 9289 | SH |  | SOLE |  | 0 | 0 | 9289 |
| VANGUARD TOTAL STOCK MARKET ETF | TOTAL STK MKT | 922908769 |  | 3571762 | 10884 | SH |  | SOLE |  | 0 | 0 | 10884 |
| VANGUARD TOTAL WORLD STOCK ETF | TT WRLD ST ETF | 922042742 |  | 4272625 | 31006 | SH |  | SOLE |  | 0 | 0 | 31006 |
| VANGUARD UTILITIES ETF | UTILITIES ETF | 92204A876 |  | 1127747 | 5954 | SH |  | SOLE |  | 0 | 0 | 5954 |
| VANGUARD VALUE ETF | VALUE ETF | 922908744 |  | 5083478 | 27259 | SH |  | SOLE |  | 0 | 0 | 27259 |
| VERIZON COMMUNICATIONS I | COM | 92343V104 |  | 307854 | 7005 | SH |  | SOLE |  | 0 | 0 | 7005 |
| WALMART INCORPORATED | COM | 931142103 |  | 623824 | 6053 | SH |  | SOLE |  | 0 | 0 | 6053 |
| YUM BRANDS INCORPORATED | COM | 988498101 |  | 227927 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |

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