Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTWO	SPDR GOLD SHARES	116,292	$50.04M	12.6%	—	—	VNG RUS2000IDX	92206C664
ISHG	ISHARES 1-3 YR INT TREASURY BOND	460,975	$34.2M	8.6%	—	—	3YRTB ETF	464288125
BMA	SPROTT PHYSICAL URANIUM TRUS CAD	528,547	$10.67M	2.7%	—	—	SPON ADR B	05961W105
URNM	SPROTT URANIUM MINERS ETF	47,482	$3.012M	0.8%	—	—	URANIUM MINERS E	85208P303
PAGS	AFYA LTD-CLASS A	149,618	$2.225M	0.6%	—	—	COM CL A	G68707101
GDX	VANECK GOLD MINERS	2,788	$256K	0.1%	—	—	GOLD MINERS ETF	92189F106
HAL	HALLIBURTON CO	5,068	$198K	0.0%	—	—	COM	406216101
SLB	SCHLUMBERGER LTD	3,731	$192K	0.0%	—	—	COM STK	806857108
MUB	ISHARES NATIONAL MUNI BOND E	1,514	$161K	0.0%	—	—	NATIONAL MUN ETF	464288414
NXE	MORGAN STANLEY INV F - GLB BRNDS - A	579	$111K	0.0%	—	—	COM	65340P106
CPER	UNITED STATES COPPER INDEX	1,884	$64,866	0.0%	—	—	CM REP COPP FD	911718104
JPM	JPMORGAN CHASE	210	$61,774	0.0%	—	—	COM	46625H100
CAT	CATERPILLAR INC	65	$46,050	0.0%	—	—	COM	149123101
LHX	ISHARES GOLD TRUST	462	$40,730	0.0%	—	—	COM	502431109
COMT	RAYTHEON TECHNOLOGIES CORP	197	$38,001	0.0%	—	—	GSCI CMDTY STGY	46431W853
WMT	WALMART	296	$36,787	0.0%	—	—	COM	931142103
TSM	ASML HOLDING NV - NY REG SHS	26	$34,342	0.0%	—	—	SPONSORED ADS	874039100
MS	MORGAN STANLEY	194	$31,927	0.0%	—	—	COM NEW	617446448
ETH	GRAYSCALE ETHERM MINI TR ETF	1,500	$29,790	0.0%	—	—	SHS NEW	38964R203
—	BP PLC-SPONS ADR	620	$29,140	0.0%	—	—	CL A LTD VT SH	112585104
GS	Goldman Sachs	29	$24,534	0.0%	—	—	COM	38141G104
FCX	FREEPORT-MCMORAN INC	410	$24,100	0.0%	—	—	CL B	35671D857
COST	COSTCO WHOLESALE CORP	24	$23,914	0.0%	—	—	COM	22160K105
GSK	GSK PLC-SPON ADR	404	$22,297	0.0%	—	—	SPONSORED ADR	37733W204
BAC	BANK OF AMERICA CORP	447	$21,791	0.0%	—	—	COM	060505104
EUFN	SUNCOR ENERGY INC	329	$21,750	0.0%	—	—	MSCI EURO FL ETF	464289180
HD	HOME DEPOT INC	65	$21,378	0.0%	—	—	COM	437076102
AXP	AMERICAN EXPRESS CO	63	$19,056	0.0%	—	—	COM	025816109
COPX	SHELL PLC-ADR	182	$16,926	0.0%	—	—	GLOBAL X COPPER	37954Y830
SAN	BANCO SANTANDER SA-SPON ADR	1,699	$16,124	0.0%	—	—	ADR	05964H105
ISRG	INTUITIVE SURGICAL INC	32	$14,752	0.0%	—	—	COM NEW	46120E602
MRK	MERCK & CO INC	114	$13,713	0.0%	—	—	COM	58933Y105
IR	INGERSOLL-RAND INC	163	$13,060	0.0%	—	—	COM	45687V106
BCS	BARCLAYS PLC-SPONS ADR	472	$9,988	0.0%	—	—	ADR	06738E204
IHE	ISHARES US PHARMACEUTICALS E	109	$9,448	0.0%	—	—	U.S. PHARMA ETF	464288836
ORCL	ORACLE	63	$9,268	0.0%	—	—	COM	68389X105
ABBV	ABBVIE INC	39	$8,482	0.0%	—	—	COM	00287Y109
HSBC	HSBC ADR	92	$7,589	0.0%	—	—	SPON ADR NEW	404280406
SONY	SONY CORP-SPONSORED ADR	354	$7,328	0.0%	—	—	SPONSORED ADR	835699307
SAP	SAP SE-SPONSORED ADR	41	$7,020	0.0%	—	—	SPON ADR	803054204
LLY	ELI LILLY & CO	7	$6,438	0.0%	—	—	COM	532457108
NVO	NOVO-NORDISK A/S-SPONS ADR	151	$5,549	0.0%	—	—	ADR	670100205
LYG	LLOYDS BANKING GROUP PLC-ADR	1,064	$5,352	0.0%	—	—	SPONSORED ADR	539439109
UNP	UNION PACIFIC CORP	21	$5,095	0.0%	—	—	COM	907818108
INTR	INTER & CO INC - CL A	588	$4,680	0.0%	—	—	CLASS A COM	G4R20B107
CSX	CSX CORP	111	$4,557	0.0%	—	—	COM	126408103
—	BLACKROCK INC	4	$3,847	0.0%	—	—	COM	09247X101
PBR	TOTAL SA-SPON ADR	15	$1,365	0.0%	—	—	SPONSORED ADR	71654V408

Increased Positions (14)

VTI SPDR S&P 500 ETF TRUST 33.0%

Value $132M (+47.5%) Shares 202,435 (+54.6%) Est. Cost — Unrealized —

AMZN AMAZON.COM, INC 6.2%

Value $24.61M (+535.8%) Shares 118,177 (+604.7%) Est. Cost — Unrealized —

GOOG ALPHABET INC-CL C 5.4%

Value $21.57M (+1003.8%) Shares 75,202 (+1107.5%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 5.3%

Value $21.2M (+581.7%) Shares 57,284 (+790.6%) Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST 1.2%

Value $4.656M (+224.5%) Shares 121,192 (+319.4%) Est. Cost — Unrealized —

GGAL GRUPO FINANCIERO GALICIA-ADR 0.5%

Value $1.942M (+51.1%) Shares 41,586 (+74.4%) Est. Cost — Unrealized —

IEF ISHARES 7-10 YEAR TREASURY B 0.1%

Value $575K (+176.1%) Shares 6,026 (+178.2%) Est. Cost — Unrealized —

VCIT VANGUARD INT-TERM CORPORATE 0.1%

Value $281K (+543.3%) Shares 3,392 (+551.1%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value $221K (+128.5%) Shares 1,268 (+144.3%) Est. Cost — Unrealized —

EL ISHARES USD TIPS 0.2%

Value $969K (+8.2%) Shares 3,788 (+8.3%) Est. Cost — Unrealized —

IVV ISHARES CORE S&P 500 ETF 0.1%

Value $285K (+29.9%) Shares 436 (+36.3%) Est. Cost — Unrealized —

GOOGL ALPHABET INC-CL A (COMMON STOCK) 0.0%

Value $171K (+14.9%) Shares 593 (+25.1%) Est. Cost — Unrealized —

IEI ISHARES 3-7 YEAR TREASURY BO 0.1%

Value $276K (+6.7%) Shares 2,335 (+7.8%) Est. Cost — Unrealized —

META META PLATFORMS INC-CLASS A 0.0%

Value $20,025 (+21.3%) Shares 35 (+40.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTI	SPDR S&P 500 ETF TRUST	202,435 (+54.6%)	$132M (+47.5%)	33.0%	—	—	TOTAL STK MKT	922908769
AMZN	AMAZON.COM, INC	118,177 (+604.7%)	$24.61M (+535.8%)	6.2%	—	—	COM	023135106
GOOG	ALPHABET INC-CL C	75,202 (+1107.5%)	$21.57M (+1003.8%)	5.4%	—	—	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	57,284 (+790.6%)	$21.2M (+581.7%)	5.3%	—	—	COM	594918104
IBIT	ISHARES BITCOIN TRUST	121,192 (+319.4%)	$4.656M (+224.5%)	1.2%	—	—	SHS BEN INT	46438F101
GGAL	GRUPO FINANCIERO GALICIA-ADR	41,586 (+74.4%)	$1.942M (+51.1%)	0.5%	—	—	SPONSORED ADR	399909100
IEF	ISHARES 7-10 YEAR TREASURY B	6,026 (+178.2%)	$575K (+176.1%)	0.1%	—	—	7-10 YR TRSY BD	464287440
VCIT	VANGUARD INT-TERM CORPORATE	3,392 (+551.1%)	$281K (+543.3%)	0.1%	—	—	INT-TERM CORP	92206C870
NVDA	NVIDIA CORPORATION	1,268 (+144.3%)	$221K (+128.5%)	0.1%	—	—	COM	67066G104
EL	ISHARES USD TIPS	3,788 (+8.3%)	$969K (+8.2%)	0.2%	—	—	CL A	518439104
IVV	ISHARES CORE S&P 500 ETF	436 (+36.3%)	$285K (+29.9%)	0.1%	—	—	CORE S&P500 ETF	464287200
GOOGL	ALPHABET INC-CL A (COMMON STOCK)	593 (+25.1%)	$171K (+14.9%)	0.0%	—	—	CAP STK CL A	02079K305
IEI	ISHARES 3-7 YEAR TREASURY BO	2,335 (+7.8%)	$276K (+6.7%)	0.1%	—	—	3 7 YR TREAS BD	464288661
META	META PLATFORMS INC-CLASS A	35 (+40.0%)	$20,025 (+21.3%)	0.0%	—	—	CL A	30303M102

Exited Positions (46)

EFA ISHARES MSCI EAFE ETF 10.7%

Value $42.46M Shares 442,127 Est. Cost — Unrealized —

EMXC ISHARES MSCI EMR MRK EX CHNA 1.0%

Value $3.952M Shares 54,372 Est. Cost — Unrealized —

CCJ CAMECO CORP 0.1%

Value $499K Shares 5,457 Est. Cost — Unrealized —

VTEX ISHARES S&P 500 VALUE ETF 0.1%

Value $472K Shares 2,227 Est. Cost — Unrealized —

— VANGUARD S&P 500 ETF 0.1%

Value $266K Shares 424 Est. Cost — Unrealized —

BUG GLOBAL X CYBERSECURITY ETF 0.0%

Value $164K Shares 5,393 Est. Cost — Unrealized —

VT VANGUARD TOT WORLD STK ETF 0.0%

Value $134K Shares 950 Est. Cost — Unrealized —

LIT GLOBAL X LITHIUM & BATTERY T 0.0%

Value $114K Shares 1,764 Est. Cost — Unrealized —

ECH ISHARES MSCI CHILE ETF 0.0%

Value $76,356 Shares 1,890 Est. Cost — Unrealized —

BUD PETROBRAS - COMMON ADR 0.0%

Value $45,267 Shares 3,820 Est. Cost — Unrealized —

— WESTERN ASST INFL-LNK OPP 0.0%

Value $43,208 Shares 5,030 Est. Cost — Unrealized —

— GRAYSCALE ETHERM MINI TR ETF 0.0%

Value $42,090 Shares 1,500 Est. Cost — Unrealized —

NOBL PROSHARES S&P 500 DIVIDEND A 0.0%

Value $41,628 Shares 400 Est. Cost — Unrealized —

QLTI GMO INTERNATIONAL QLTY ETF 0.0%

Value $38,570 Shares 1,450 Est. Cost — Unrealized —

VGT VANGUARD INFO TECH ETF 0.0%

Value $37,689 Shares 50 Est. Cost — Unrealized —

JAAA JANUS HENDERSON AAA CLO ETF 0.0%

Value $36,215 Shares 716 Est. Cost — Unrealized —

PULS PGIM ULTRA SHORT BOND ETF 0.0%

Value $27,027 Shares 545 Est. Cost — Unrealized —

— BLACKROCK CORE BOND TRUST 0.0%

Value $26,181 Shares 2,730 Est. Cost — Unrealized —

SHOP SHOPIFY INC - CLASS A 0.0%

Value $18,833 Shares 117 Est. Cost — Unrealized —

EVTR EATON VANCE TOTAL RETURN 0.0%

Value $18,489 Shares 359 Est. Cost — Unrealized —

— PGIM HIGH YIELD BOND FUND 0.0%

Value $18,276 Shares 1,263 Est. Cost — Unrealized —

KNG FT VEST S&P 500 DVD ARST TRG 0.0%

Value $18,087 Shares 368 Est. Cost — Unrealized —

FTHI FTHI/FIRST TRUST EXCHANGE-TR 0.0%

Value $18,022 Shares 763 Est. Cost — Unrealized —

— NUVEEN PREFERED & INCOME OPP 0.0%

Value $17,964 Shares 2,215 Est. Cost — Unrealized —

— PIMCO INCOME STRATEGY FD II 0.0%

Value $17,925 Shares 2,390 Est. Cost — Unrealized —

— EATON VANCE LTD DURAT INC 0.0%

Value $17,828 Shares 1,799 Est. Cost — Unrealized —

TLH ISHARES 10-20 YEAR TREASURY 0.0%

Value $17,792 Shares 175 Est. Cost — Unrealized —

— ALLSPRING MULTI-SECTOR INC 0.0%

Value $17,772 Shares 1,911 Est. Cost — Unrealized —

— ARES DYNAMIC CREDIT ALL 0.0%

Value $17,716 Shares 1,332 Est. Cost — Unrealized —

— BLACKROCK CREDIT ALLOCATION 0.0%

Value $17,685 Shares 1,633 Est. Cost — Unrealized —

— EATON VANCE TAX-MGD DIV EQTY 0.0%

Value $17,656 Shares 1,151 Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 0.0%

Value $16,114 Shares 8 Est. Cost — Unrealized —

INTU SERVICENOW INC 0.0%

Value $14,553 Shares 95 Est. Cost — Unrealized —

XOM EXXON MOBIL 0.0%

Value $9,748 Shares 81 Est. Cost — Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.0%

Value $9,449 Shares 232 Est. Cost — Unrealized —

— EATON VANCE T/M BUY-WRIT OPP 0.0%

Value $9,334 Shares 650 Est. Cost — Unrealized —

AMD ADOBE INC 0.0%

Value $9,100 Shares 26 Est. Cost — Unrealized —

FXI ADVANCED MICRO DEVICES 0.0%

Value $8,566 Shares 40 Est. Cost — Unrealized —

NEE NEXTERA ENERGY INC 0.0%

Value $8,510 Shares 106 Est. Cost — Unrealized —

DIA VANECK VIDEO GAMING ESPORTS 0.0%

Value $8,392 Shares 81 Est. Cost — Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value $7,923 Shares 24 Est. Cost — Unrealized —

PANW PALO ALTO NETWORKS INC 0.0%

Value $7,921 Shares 43 Est. Cost — Unrealized —

— SPOTIFY TECHNOLOGY SA 0.0%

Value $7,549 Shares 13 Est. Cost — Unrealized —

ICLN ISHARES GLOBAL CLEAN ENERGY 0.0%

Value $4,108 Shares 250 Est. Cost — Unrealized —

LNG CHENIERE ENERGY INC 0.0%

Value $4,028 Shares 19 Est. Cost — Unrealized —

PG ARRIVAL SA 0.0%

Value $986 Shares 1,334 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFA	ISHARES MSCI EAFE ETF	442,127	$42.46M	10.7%	—	—	—	464287465
EMXC	ISHARES MSCI EMR MRK EX CHNA	54,372	$3.952M	1.0%	—	—	—	46434G764
CCJ	CAMECO CORP	5,457	$499K	0.1%	—	—	—	13321L108
VTEX	ISHARES S&P 500 VALUE ETF	2,227	$472K	0.1%	—	—	—	G9470A102
—	VANGUARD S&P 500 ETF	424	$266K	0.1%	—	—	—	92189F403
BUG	GLOBAL X CYBERSECURITY ETF	5,393	$164K	0.0%	—	—	—	37954Y384
VT	VANGUARD TOT WORLD STK ETF	950	$134K	0.0%	—	—	—	922042742
LIT	GLOBAL X LITHIUM & BATTERY T	1,764	$114K	0.0%	—	—	—	37954Y855
ECH	ISHARES MSCI CHILE ETF	1,890	$76,356	0.0%	—	—	—	464286640
BUD	PETROBRAS - COMMON ADR	3,820	$45,267	0.0%	—	—	—	03524A108
—	WESTERN ASST INFL-LNK OPP	5,030	$43,208	0.0%	—	—	—	95766R104
—	GRAYSCALE ETHERM MINI TR ETF	1,500	$42,090	0.0%	—	—	—	000SHSNEW
NOBL	PROSHARES S&P 500 DIVIDEND A	400	$41,628	0.0%	—	—	—	74348A467
QLTI	GMO INTERNATIONAL QLTY ETF	1,450	$38,570	0.0%	—	—	—	90139K308
VGT	VANGUARD INFO TECH ETF	50	$37,689	0.0%	—	—	—	92204A702
JAAA	JANUS HENDERSON AAA CLO ETF	716	$36,215	0.0%	—	—	—	47103U845
PULS	PGIM ULTRA SHORT BOND ETF	545	$27,027	0.0%	—	—	—	69344A107
—	BLACKROCK CORE BOND TRUST	2,730	$26,181	0.0%	—	—	—	09249E101
SHOP	SHOPIFY INC - CLASS A	117	$18,833	0.0%	—	—	—	82509L107
EVTR	EATON VANCE TOTAL RETURN	359	$18,489	0.0%	—	—	—	61774R841
—	PGIM HIGH YIELD BOND FUND	1,263	$18,276	0.0%	—	—	—	69346H100
KNG	FT VEST S&P 500 DVD ARST TRG	368	$18,087	0.0%	—	—	—	33739Q705
FTHI	FTHI/FIRST TRUST EXCHANGE-TR	763	$18,022	0.0%	—	—	—	33738R308
—	NUVEEN PREFERED & INCOME OPP	2,215	$17,964	0.0%	—	—	—	67073B106
—	PIMCO INCOME STRATEGY FD II	2,390	$17,925	0.0%	—	—	—	72201J104
—	EATON VANCE LTD DURAT INC	1,799	$17,828	0.0%	—	—	—	27828H105
TLH	ISHARES 10-20 YEAR TREASURY	175	$17,792	0.0%	—	—	—	464288653
—	ALLSPRING MULTI-SECTOR INC	1,911	$17,772	0.0%	—	—	—	94987D101
—	ARES DYNAMIC CREDIT ALL	1,332	$17,716	0.0%	—	—	—	04014F102
—	BLACKROCK CREDIT ALLOCATION	1,633	$17,685	0.0%	—	—	—	092508100
—	EATON VANCE TAX-MGD DIV EQTY	1,151	$17,656	0.0%	—	—	—	27828N102
MELI	MERCADOLIBRE INC	8	$16,114	0.0%	—	—	—	58733R102
INTU	SERVICENOW INC	95	$14,553	0.0%	—	—	—	461202103
XOM	EXXON MOBIL	81	$9,748	0.0%	—	—	—	30231G102
VZ	VERIZON COMMUNICATIONS INC	232	$9,449	0.0%	—	—	—	92343V104
—	EATON VANCE T/M BUY-WRIT OPP	650	$9,334	0.0%	—	—	—	27828Y108
AMD	ADOBE INC	26	$9,100	0.0%	—	—	—	007903107
FXI	ADVANCED MICRO DEVICES	40	$8,566	0.0%	—	—	—	464287184
NEE	NEXTERA ENERGY INC	106	$8,510	0.0%	—	—	—	65339F101
DIA	VANECK VIDEO GAMING ESPORTS	81	$8,392	0.0%	—	—	—	78467X109
UNH	UNITEDHEALTH GROUP INC	24	$7,923	0.0%	—	—	—	91324P102
PANW	PALO ALTO NETWORKS INC	43	$7,921	0.0%	—	—	—	697435105
—	SPOTIFY TECHNOLOGY SA	13	$7,549	0.0%	—	—	—	74347B714
ICLN	ISHARES GLOBAL CLEAN ENERGY	250	$4,108	0.0%	—	—	—	464288224
LNG	CHENIERE ENERGY INC	19	$4,028	0.0%	—	—	—	16411R208
PG	ARRIVAL SA	1,334	$986	0.0%	—	—	—	742718109

Decreased Positions (20)

IEMG ISHARES CORE MSCI EMERGING 0.1%

Value $481K (-96.7%) Shares 6,891 (-96.8%) Est. Cost — Unrealized —

— INVESCO QQQ TRUST SERIES 1 5.0%

Value $19.86M (-11.7%) Shares 34,405 (-6.0%) Est. Cost — Unrealized —

VALE VALE SA-SP ADR 10.7%

Value $42.62M (+4.4%) Shares 2,678,876 (-14.5%) Est. Cost — Unrealized —

XOP INVESCO S&P 500 EQUAL WEIGHT 0.2%

Value $899K (-55.9%) Shares 4,683 (-56.0%) Est. Cost — Unrealized —

EEM ISHARES MSCI EMRG MARKET ETF 0.0%

Value $50,543 (-92.7%) Shares 890 (-92.9%) Est. Cost — Unrealized —

BBD ITAU UNIBANCO H-SPON PRF ADR 0.0%

Value $16,593 (-96.5%) Shares 1,980 (-97.0%) Est. Cost — Unrealized —

DIS WALT DISNEY 0.3%

Value $1.366M (-20.9%) Shares 14,169 (-6.7%) Est. Cost — Unrealized —

IGV ISHARES USD HY CORP USD ACC 0.0%

Value $44,536 (-86.9%) Shares 6,100 (-86.8%) Est. Cost — Unrealized —

DMRC DIGIMARC CORP 0.0%

Value $98,627 (-74.8%) Shares 20,087 (-66.4%) Est. Cost — Unrealized —

EWZ ISHARES MSCI BRAZIL CAPPED ETF 0.1%

Value $433K (-37.5%) Shares 11,273 (-48.2%) Est. Cost — Unrealized —

BITW BITWISE 10 CRYPTO INDEX FUND 0.1%

Value $226K (-52.6%) Shares 5,062 (-37.5%) Est. Cost — Unrealized —

ETHE GRAYSCALE ETHEREUM TRUST 0.1%

Value $283K (-42.6%) Shares 16,600 (-18.0%) Est. Cost — Unrealized —

SGML SIGMA LITHIUM CORP US 0.1%

Value $555K (-23.2%) Shares 45,000 (-18.2%) Est. Cost — Unrealized —

AAPL APPLE INC 0.4%

Value $1.768M (-8.4%) Shares 6,967 (-1.9%) Est. Cost — Unrealized —

TSLA TESLA INC 0.0%

Value $40,149 (-77.8%) Shares 108 (-73.1%) Est. Cost — Unrealized —

BIL SPDR BLOOMBERG 1-3 MONTH T-B 0.5%

Value $2.13M (-3.1%) Shares 23,246 (-3.4%) Est. Cost — Unrealized —

IEFA ISHARES CORE MSCI EAFE ETF 0.0%

Value $46,442 (-51.6%) Shares 513 (-52.1%) Est. Cost — Unrealized —

IVE GLOBAL X COPPER MINERS ETF 0.0%

Value $70,929 (-18.1%) Shares 929 (-23.0%) Est. Cost — Unrealized —

NFLX NETFLIX INC 0.0%

Value $10,577 (-19.4%) Shares 110 (-21.4%) Est. Cost — Unrealized —

AVGO BROADCOM INC 0.0%

Value $15,476 (-12.3%) Shares 50 (-2.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IEMG	ISHARES CORE MSCI EMERGING	6,891 (-96.8%)	$481K (-96.7%)	0.1%	—	—	CORE MSCI EMKT	46434G103
—	INVESCO QQQ TRUST SERIES 1	34,405 (-6.0%)	$19.86M (-11.7%)	5.0%	—	—	ULTRAPRO SHORT S	74347B268
VALE	VALE SA-SP ADR	2,678,876 (-14.5%)	$42.62M (+4.4%)	10.7%	—	—	ADR	91912E105
XOP	INVESCO S&P 500 EQUAL WEIGHT	4,683 (-56.0%)	$899K (-55.9%)	0.2%	—	—	S&P OILGAS EXP	78468R556
EEM	ISHARES MSCI EMRG MARKET ETF	890 (-92.9%)	$50,543 (-92.7%)	0.0%	—	—	MSCI EMG MKT ETF	464287234
BBD	ITAU UNIBANCO H-SPON PRF ADR	1,980 (-97.0%)	$16,593 (-96.5%)	0.0%	—	—	SP ADR PFD NEW	059460303
DIS	WALT DISNEY	14,169 (-6.7%)	$1.366M (-20.9%)	0.3%	—	—	COM DISNEY	254687106
IGV	ISHARES USD HY CORP USD ACC	6,100 (-86.8%)	$44,536 (-86.9%)	0.0%	—	—	EXPANDED TECH	464287515
DMRC	DIGIMARC CORP	20,087 (-66.4%)	$98,627 (-74.8%)	0.0%	—	—	COM	25381B101
EWZ	ISHARES MSCI BRAZIL CAPPED ETF	11,273 (-48.2%)	$433K (-37.5%)	0.1%	—	—	MSCI BRAZIL ETF	464286400
BITW	BITWISE 10 CRYPTO INDEX FUND	5,062 (-37.5%)	$226K (-52.6%)	0.1%	—	—	UNIT BENEFICIAL	091749101
ETHE	GRAYSCALE ETHEREUM TRUST	16,600 (-18.0%)	$283K (-42.6%)	0.1%	—	—	SHS	389638107
SGML	SIGMA LITHIUM CORP US	45,000 (-18.2%)	$555K (-23.2%)	0.1%	—	—	COM	826599102
AAPL	APPLE INC	6,967 (-1.9%)	$1.768M (-8.4%)	0.4%	—	—	COM	037833100
TSLA	TESLA INC	108 (-73.1%)	$40,149 (-77.8%)	0.0%	—	—	COM	88160R101
BIL	SPDR BLOOMBERG 1-3 MONTH T-B	23,246 (-3.4%)	$2.13M (-3.1%)	0.5%	—	—	BLOOMBERG 1-3 MO	78468R663
IEFA	ISHARES CORE MSCI EAFE ETF	513 (-52.1%)	$46,442 (-51.6%)	0.0%	—	—	CORE MSCI EAFE	46432F842
IVE	GLOBAL X COPPER MINERS ETF	929 (-23.0%)	$70,929 (-18.1%)	0.0%	—	—	S&P 500 VAL ETF	464287408
NFLX	NETFLIX INC	110 (-21.4%)	$10,577 (-19.4%)	0.0%	—	—	COM	64110L106
AVGO	BROADCOM INC	50 (-2.0%)	$15,476 (-12.3%)	0.0%	—	—	COM	11135F101

Unchanged Positions (35)

ERIC ERICSSON (LM) TEL-SP ADR 1.9%

Value $7.551M Shares 670,000 Est. Cost — Unrealized —

— MICROSTRATEGY INC-CL A 0.4%

Value $1.498M Shares 12,000 Est. Cost — Unrealized —

CROX NEXGEN ENERGY LTD 0.4%

Value $1.429M Shares 123,215 Est. Cost — Unrealized —

KWEB KRANESHARES CSI CHINA INTERN 0.3%

Value $1.005M Shares 35,359 Est. Cost — Unrealized —

BRK/A BERKSHIRE HATHAWAY INC-CL A 0.7%

Value $2.873M Shares 4 Est. Cost — Unrealized —

AMBIQ AMBIPAR EMERGENCY RESPONSE -- 0.0%

Value $6,633 Shares 128,800 Est. Cost — Unrealized —

OBDC BLUE OWL CAPITAL CORP 0.0%

Value $171K Shares 15,416 Est. Cost — Unrealized —

BITB BITWISE BITCOIN ETF 0.0%

Value $51,718 Shares 1,405 Est. Cost — Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 0.0%

Value $51,769 Shares 877 Est. Cost — Unrealized —

HODL VANECK BITCOIN TRUST 0.0%

Value $51,885 Shares 2,708 Est. Cost — Unrealized —

ARKB ARK 21SHARES BITCOIN ETF 0.0%

Value $51,749 Shares 2,301 Est. Cost — Unrealized —

XLE ENERGY SELECT SECTOR SPDR 0.0%

Value $49,008 Shares 800 Est. Cost — Unrealized —

FIG FIGMA INC-CL A 0.0%

Value $13,804 Shares 653 Est. Cost — Unrealized —

JOBY JOBY AVIATION INC 0.0%

Value $16,991 Shares 2,057 Est. Cost — Unrealized —

SHEL SCHWAB US DVD EQUITY ETF 0.0%

Value $90,199 Shares 2,940 Est. Cost — Unrealized —

— NVNI GROUP LTD 0.0%

Value $6,425 Shares 5,587 Est. Cost — Unrealized —

VV VANGUARD LARGE-CAP ETF 0.0%

Value $151K Shares 505 Est. Cost — Unrealized —

BILL BILL.COM HOLDINGS INC 0.0%

Value $15,014 Shares 392 Est. Cost — Unrealized —

FSLY FASTLY INC - CLASS A 0.0%

Value $9,532 Shares 328 Est. Cost — Unrealized —

SOXX NU HOLDINGS LTD - A 0.0%

Value $35,207 Shares 2,450 Est. Cost — Unrealized —

ACHR ARCHER AVIATION INC-A 0.0%

Value $10,050 Shares 1,944 Est. Cost — Unrealized —

TIP ISHARES TIPS BOND ETF 0.2%

Value $725K Shares 6,570 Est. Cost — Unrealized —

EH EHANG HOLDINGS LTD-SPS ADR 0.0%

Value $4,865 Shares 501 Est. Cost — Unrealized —

SPYD ADVISORSHARES PURE US CANN 0.0%

Value $4,881 Shares 1,375 Est. Cost — Unrealized —

— BLACKSKY TECHNOLOGY INC 0.0%

Value $6,290 Shares 250 Est. Cost — Unrealized —

BP COURSERA INC 0.0%

Value $5,989 Shares 1,029 Est. Cost — Unrealized —

BTC GRAYSCALE BITCN MINI TRU ETF 0.0%

Value $5,158 Shares 172 Est. Cost — Unrealized —

IDEV ISHARES CORE MSCI DEV MKTS 0.0%

Value $94,685 Shares 1,133 Est. Cost — Unrealized —

BAND BANDWIDTH INC-CLASS A 0.0%

Value $2,887 Shares 162 Est. Cost — Unrealized —

BND VANGUARD TOTAL BOND MARKET 0.0%

Value $35,642 Shares 484 Est. Cost — Unrealized —

PTON PELOTON INTERACTIVE INC-A 0.0%

Value $472 Shares 110 Est. Cost — Unrealized —

SW PAMPA ENERGIA SA-SPON ADR 0.3%

Value $1.301M Shares 14,705 Est. Cost — Unrealized —

AFYA GROVE COLLABORATIVE HOLDINGS 0.0%

Value $274 Shares 214 Est. Cost — Unrealized —

CRM UNIROYAL GLOBAL ENGINEERED P 0.0%

Value $1 Shares 2,420 Est. Cost — Unrealized —

MSOS VANECK RUSSIA ETF 0.0%

Value $0 Shares 21,727 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ERIC	ERICSSON (LM) TEL-SP ADR	670,000	$7.551M	1.9%	—	—	ADR B SEK 10	294821608
—	MICROSTRATEGY INC-CL A	12,000	$1.498M	0.4%	—	—	COM	723787107
CROX	NEXGEN ENERGY LTD	123,215	$1.429M	0.4%	—	—	COM	227046109
KWEB	KRANESHARES CSI CHINA INTERN	35,359	$1.005M	0.3%	—	—	CSI CHI INTERNET	500767306
BRK/A	BERKSHIRE HATHAWAY INC-CL A	4	$2.873M	0.7%	—	—	CL A	084670108
AMBIQ	AMBIPAR EMERGENCY RESPONSE --	128,800	$6,633	0.0%	—	—	CL A ORD SHS	G02532102
OBDC	BLUE OWL CAPITAL CORP	15,416	$171K	0.0%	—	—	COM	69121K104
BITB	BITWISE BITCOIN ETF	1,405	$51,718	0.0%	—	—	SHS BEN INT	09174C104
FBTC	FIDELITY WISE ORIGIN BITCOIN	877	$51,769	0.0%	—	—	SHS	315948109
HODL	VANECK BITCOIN TRUST	2,708	$51,885	0.0%	—	—	SH BEN INT	92189K105
ARKB	ARK 21SHARES BITCOIN ETF	2,301	$51,749	0.0%	—	—	SHS BEN INT	040919102
XLE	ENERGY SELECT SECTOR SPDR	800	$49,008	0.0%	—	—	ENERGY	81369Y506
FIG	FIGMA INC-CL A	653	$13,804	0.0%	—	—	CLASS A COM STK	316841105
JOBY	JOBY AVIATION INC	2,057	$16,991	0.0%	—	—	COMMON STOCK	G65163100
SHEL	SCHWAB US DVD EQUITY ETF	2,940	$90,199	0.0%	—	—	SPON ADS	780259305
—	NVNI GROUP LTD	5,587	$6,425	0.0%	—	—	SHS	G50716102
VV	VANGUARD LARGE-CAP ETF	505	$151K	0.0%	—	—	LARGE CAP ETF	922908637
BILL	BILL.COM HOLDINGS INC	392	$15,014	0.0%	—	—	COM	090043100
FSLY	FASTLY INC - CLASS A	328	$9,532	0.0%	—	—	CL A	31188V100
SOXX	NU HOLDINGS LTD - A	2,450	$35,207	0.0%	—	—	ISHARES SEMICDTR	464287523
ACHR	ARCHER AVIATION INC-A	1,944	$10,050	0.0%	—	—	COM CL A	03945R102
TIP	ISHARES TIPS BOND ETF	6,570	$725K	0.2%	—	—	TIPS BD ETF	464287176
EH	EHANG HOLDINGS LTD-SPS ADR	501	$4,865	0.0%	—	—	ADS	26853E102
SPYD	ADVISORSHARES PURE US CANN	1,375	$4,881	0.0%	—	—	PRTFLO S&P500 HI	78468R788
—	BLACKSKY TECHNOLOGY INC	250	$6,290	0.0%	—	—	COM CL A	09263B108
BP	COURSERA INC	1,029	$5,989	0.0%	—	—	SPONSORED ADR	055622104
BTC	GRAYSCALE BITCN MINI TRU ETF	172	$5,158	0.0%	—	—	SHS NEW	389930207
IDEV	ISHARES CORE MSCI DEV MKTS	1,133	$94,685	0.0%	—	—	CORE MSCI INTL	46435G326
BAND	BANDWIDTH INC-CLASS A	162	$2,887	0.0%	—	—	COM CL A	05988J103
BND	VANGUARD TOTAL BOND MARKET	484	$35,642	0.0%	—	—	TOTAL BND MRKT	921937835
PTON	PELOTON INTERACTIVE INC-A	110	$472	0.0%	—	—	CL A COM	70614W100
SW	PAMPA ENERGIA SA-SPON ADR	14,705	$1.301M	0.3%	—	—	SHS	G8267P108
AFYA	GROVE COLLABORATIVE HOLDINGS	214	$274	0.0%	—	—	CL A COM	G01125106
CRM	UNIROYAL GLOBAL ENGINEERED P	2,420	$1	0.0%	—	—	COM	79466L302
MSOS	VANECK RUSSIA ETF	21,727	$0	0.0%	—	—	PURE US CANNABIS	00768Y453