Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQM	Invesco Nasdaq 100 ETF	89,650	$27.16M	3.3%	$302.97	—	—	46138G649
RSP	Invesco S&P 500 Equal Weight ETF	95,178	$20.25M	2.5%	$212.77	—	—	46137V357
SOXX	iShares Semiconductor ETF	28,100	$18M	2.2%	$640.75	—	—	464287523
XBI	State Street SPDR S&P Biotech ETF	55,600	$8.799M	1.1%	$158.26	—	—	78464A870
META	Meta Platforms Inc	14,400	$8.111M	1.0%	$563.26	—	—	30303M102
GOOG	Alphabet Inc	11,200	$3.957M	0.5%	$353.30	—	—	02079K107
DRAM	Roundhill Memory ETF	43,500	$3.212M	0.4%	$73.84	—	—	77926X320
URA	Global X Uranium ETF	62,000	$2.709M	0.3%	$43.69	—	—	37954Y871
TAN	Invesco Solar ETF	39,300	$2.325M	0.3%	$59.16	—	—	46138G706
KBWB	Invesco KBW Bank ETF	24,800	$2.306M	0.3%	$92.98	—	—	46138E628
PPA	Invesco Aerospace & Defense ETF	9,477	$1.674M	0.2%	$176.64	—	—	46137V100
CIBR	First Trust NASDAQ Cybersecurity ETF	16,350	$1.469M	0.2%	$89.85	—	—	33734X846

Increased Positions (31)

VOO Vanguard S&P 500 ETF 8.7%

Value $70.95M (+172.1%) Shares 103,303 (+148.5%) Est. Cost $632.12 Unrealized —

SPY State Street SPDR S&P 500 ETF Trust 8.7%

Value $70.73M (+133.0%) Shares 94,540 (+112.8%) Est. Cost $651.59 Unrealized —

EMXC iShares MSCI Emerging Markets ex China ETF 6.8%

Value $55.18M (+220.6%) Shares 539,403 (+127.8%) Est. Cost $83.18 Unrealized —

XLK State Street Technology Select Sector SPDR ETF 8.0%

Value $65.19M (+78.9%) Shares 342,177 (+35.2%) Est. Cost $145.42 Unrealized —

IGV iShares Expanded Tech-Software Sector ETF 2.7%

Value $22.38M (+8642.2%) Shares 247,025 (+10086.6%) Est. Cost $90.90 Unrealized —

DXJ WisdomTree Japan Hedged Equity Fund 4.2%

Value $33.97M (+173.6%) Shares 195,785 (+127.3%) Est. Cost $130.70 Unrealized —

SMH VanEck Semiconductor ETF 3.3%

Value $26.89M (+303.6%) Shares 41,001 (+121.6%) Est. Cost $448.14 Unrealized —

IWM iShares Russell 2000 ETF 2.7%

Value $21.76M (+568.1%) Shares 72,420 (+447.4%) Est. Cost $286.77 Unrealized —

IEMG iShares Core MSCI Emerging Markets ETF 4.6%

Value $37.16M (+90.8%) Shares 448,605 (+54.8%) Est. Cost $68.34 Unrealized —

XLI State Street Industrial Select Sector SPDR ETF 3.3%

Value $26.62M (+139.3%) Shares 143,736 (+100.4%) Est. Cost $131.90 Unrealized —

XLV State Street Health Care Select Sector SPDR ETF 4.0%

Value $32.37M (+61.9%) Shares 204,009 (+57.9%) Est. Cost $134.44 Unrealized —

QQQ Invesco QQQ Trust Series 1 1.7%

Value $13.49M (+145.1%) Shares 18,300 (+104.3%) Est. Cost $485.92 Unrealized —

VFH Vanguard Financials ETF 2.9%

Value $23.43M (+37.0%) Shares 178,031 (+39.0%) Est. Cost $100.61 Unrealized —

AMZN Amazon.com Inc 1.2%

Value $9.705M (+76.7%) Shares 40,717 (+71.1%) Est. Cost $194.85 Unrealized —

XLU State Street Utilities Select Sector SPDR ETF 1.3%

Value $10.61M (+44.1%) Shares 234,088 (+35.7%) Est. Cost $54.13 Unrealized —

XLF State Street Financial Select Sector SPDR ETF 2.3%

Value $18.55M (+15.4%) Shares 345,972 (+17.9%) Est. Cost $43.70 Unrealized —

ITA iShares U.S. Aerospace & Defense ETF 0.7%

Value $5.549M (+78.8%) Shares 22,889 (+58.3%) Est. Cost $160.18 Unrealized —

ONEQ Fidelity Nasdaq Composite Index ETF 0.9%

Value $7.206M (+36.5%) Shares 69,810 (+20.9%) Est. Cost $69.81 Unrealized —

QTEC First Trust NASDAQ-100 Technology Index Fund 0.6%

Value $4.771M (+67.8%) Shares 14,256 (+15.4%) Est. Cost $147.83 Unrealized —

BUG Global X Cybersecurity ETF 0.2%

Value $2.031M (+555.2%) Shares 53,169 (+422.9%) Est. Cost $35.50 Unrealized —

MSFT Microsoft Corp 0.8%

Value $6.58M (-20.7%) Shares 17,639 (+2.8%) Est. Cost $210.12 Unrealized —

XLB State Street Materials Select Sector SPDR ETF 0.9%

Value $7.181M (+31.4%) Shares 141,279 (+17.3%) Est. Cost $58.74 Unrealized —

XLE State Street Energy Select Sector SPDR ETF 0.3%

Value $2.699M (+76.1%) Shares 50,824 (+48.2%) Est. Cost $61.76 Unrealized —

SPHB Invesco S&P 500 High Beta ETF 0.5%

Value $4.193M (+37.7%) Shares 26,951 (+3.6%) Est. Cost $71.71 Unrealized —

VGT Vanguard Information Technology ETF 0.5%

Value $4.203M (+31.3%) Shares 35,168 (+728.3%) Est. Cost $139.57 Unrealized —

IYW iShares U.S. Technology ETF 0.5%

Value $4.237M (+30.7%) Shares 16,800 (+3.5%) Est. Cost $102.30 Unrealized —

GOOGL Alphabet Inc 0.8%

Value $6.311M (+17.9%) Shares 17,660 (+3.2%) Est. Cost $144.31 Unrealized —

TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4%

Value $3.639M (+22.9%) Shares 31,674 (+3.5%) Est. Cost $60.02 Unrealized —

XLP State Street Consumer Staples Select Sector SPDR ETF 0.1%

Value $1.018M (+143.0%) Shares 12,250 (+127.1%) Est. Cost $79.16 Unrealized —

VOOG Vanguard S&P 500 Growth ETF 0.3%

Value $2.742M (+11.5%) Shares 33,186 (+500.0%) Est. Cost $111.00 Unrealized —

MOAT VanEck Morningstar Wide Moat ETF 0.5%

Value $4.378M (+4.2%) Shares 42,115 (+3.8%) Est. Cost $79.59 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	Vanguard S&P 500 ETF	103,303 (+148.5%)	$70.95M (+172.1%)	8.7%	$632.12	—	—	922908363
SPY	State Street SPDR S&P 500 ETF Trust	94,540 (+112.8%)	$70.73M (+133.0%)	8.7%	$651.59	—	—	78462F103
EMXC	iShares MSCI Emerging Markets ex China ETF	539,403 (+127.8%)	$55.18M (+220.6%)	6.8%	$83.18	—	—	46434G764
XLK	State Street Technology Select Sector SPDR ETF	342,177 (+35.2%)	$65.19M (+78.9%)	8.0%	$145.42	—	—	81369Y803
IGV	iShares Expanded Tech-Software Sector ETF	247,025 (+10086.6%)	$22.38M (+8642.2%)	2.7%	$90.90	—	—	464287515
DXJ	WisdomTree Japan Hedged Equity Fund	195,785 (+127.3%)	$33.97M (+173.6%)	4.2%	$130.70	—	—	97717W851
SMH	VanEck Semiconductor ETF	41,001 (+121.6%)	$26.89M (+303.6%)	3.3%	$448.14	—	—	92189F676
IWM	iShares Russell 2000 ETF	72,420 (+447.4%)	$21.76M (+568.1%)	2.7%	$286.77	—	—	464287655
IEMG	iShares Core MSCI Emerging Markets ETF	448,605 (+54.8%)	$37.16M (+90.8%)	4.6%	$68.34	—	—	46434G103
XLI	State Street Industrial Select Sector SPDR ETF	143,736 (+100.4%)	$26.62M (+139.3%)	3.3%	$131.90	—	—	81369Y704
XLV	State Street Health Care Select Sector SPDR ETF	204,009 (+57.9%)	$32.37M (+61.9%)	4.0%	$134.44	—	—	81369Y209
QQQ	Invesco QQQ Trust Series 1	18,300 (+104.3%)	$13.49M (+145.1%)	1.7%	$485.92	—	—	46090E103
VFH	Vanguard Financials ETF	178,031 (+39.0%)	$23.43M (+37.0%)	2.9%	$100.61	—	—	92204A405
AMZN	Amazon.com Inc	40,717 (+71.1%)	$9.705M (+76.7%)	1.2%	$194.85	—	—	023135106
XLU	State Street Utilities Select Sector SPDR ETF	234,088 (+35.7%)	$10.61M (+44.1%)	1.3%	$54.13	—	—	81369Y886
XLF	State Street Financial Select Sector SPDR ETF	345,972 (+17.9%)	$18.55M (+15.4%)	2.3%	$43.70	—	—	81369Y605
ITA	iShares U.S. Aerospace & Defense ETF	22,889 (+58.3%)	$5.549M (+78.8%)	0.7%	$160.18	—	—	464288760
ONEQ	Fidelity Nasdaq Composite Index ETF	69,810 (+20.9%)	$7.206M (+36.5%)	0.9%	$69.81	—	—	315912808
QTEC	First Trust NASDAQ-100 Technology Index Fund	14,256 (+15.4%)	$4.771M (+67.8%)	0.6%	$147.83	—	—	337345102
BUG	Global X Cybersecurity ETF	53,169 (+422.9%)	$2.031M (+555.2%)	0.2%	$35.50	—	—	37954Y384
MSFT	Microsoft Corp	17,639 (+2.8%)	$6.58M (-20.7%)	0.8%	$210.12	—	—	594918104
XLB	State Street Materials Select Sector SPDR ETF	141,279 (+17.3%)	$7.181M (+31.4%)	0.9%	$58.74	—	—	81369Y100
XLE	State Street Energy Select Sector SPDR ETF	50,824 (+48.2%)	$2.699M (+76.1%)	0.3%	$61.76	—	—	81369Y506
SPHB	Invesco S&P 500 High Beta ETF	26,951 (+3.6%)	$4.193M (+37.7%)	0.5%	$71.71	—	—	46138E370
VGT	Vanguard Information Technology ETF	35,168 (+728.3%)	$4.203M (+31.3%)	0.5%	$139.57	—	—	92204A702
IYW	iShares U.S. Technology ETF	16,800 (+3.5%)	$4.237M (+30.7%)	0.5%	$102.30	—	—	464287721
GOOGL	Alphabet Inc	17,660 (+3.2%)	$6.311M (+17.9%)	0.8%	$144.31	—	—	02079K305
TDIV	First Trust NASDAQ Technology Dividend Index Fund	31,674 (+3.5%)	$3.639M (+22.9%)	0.4%	$60.02	—	—	33738R118
XLP	State Street Consumer Staples Select Sector SPDR ETF	12,250 (+127.1%)	$1.018M (+143.0%)	0.1%	$79.16	—	—	81369Y308
VOOG	Vanguard S&P 500 Growth ETF	33,186 (+500.0%)	$2.742M (+11.5%)	0.3%	$111.00	—	—	921932505
MOAT	VanEck Morningstar Wide Moat ETF	42,115 (+3.8%)	$4.378M (+4.2%)	0.5%	$79.59	—	—	92189F643

Exited Positions (4)

IHI iShares U.S. Medical Devices ETF 0.2%

Value $1.79M Shares 28,799 Est. Cost $60.18 Unrealized —

VHT Vanguard Health Care ETF 0.1%

Value $536K Shares 1,863 Est. Cost $270.74 Unrealized —

HEDJ WisdomTree Europe Hedged Equity Fund 0.0%

Value $56,000 Shares 1,060 Est. Cost $48.52 Unrealized —

VWO Vanguard FTSE Emerging Markets ETF 0.0%

Value $16,000 Shares 300 Est. Cost $40.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IHI	iShares U.S. Medical Devices ETF	28,799	$1.79M	0.2%	$60.18	—	—	464288810
VHT	Vanguard Health Care ETF	1,863	$536K	0.1%	$270.74	—	—	92204A504
HEDJ	WisdomTree Europe Hedged Equity Fund	1,060	$56,000	0.0%	$48.52	—	—	97717X701
VWO	Vanguard FTSE Emerging Markets ETF	300	$16,000	0.0%	$40.00	—	—	922042858

Decreased Positions (7)

ACWI iShares MSCI ACWI ETF 4.2%

Value $34.16M (-18.5%) Shares 217,648 (-26.5%) Est. Cost $107.48 Unrealized —

XLC State Street Communication Services Select Sector SPDR ETF 1.9%

Value $15.72M (-26.5%) Shares 146,776 (-19.2%) Est. Cost $58.72 Unrealized —

DIA State Street SPDR Dow Jones Industrial Average ETF Trust 0.0%

Value $263K (-92.4%) Shares 502 (-93.0%) Est. Cost $391.93 Unrealized —

IVV iShares Core S&P 500 ETF 0.6%

Value $4.688M (-13.6%) Shares 6,260 (-20.9%) Est. Cost $494.77 Unrealized —

MBLY Mobileye Global Inc 0.0%

Value $206K (-76.8%) Shares 21,243 (-75.0%) Est. Cost $35.68 Unrealized —

AAPL Apple Inc 1.3%

Value $11M (+2.8%) Shares 38,008 (-3.4%) Est. Cost $105.93 Unrealized —

XLRE State Street Real Estate Select Sector SPDR ETF 0.5%

Value $4.349M (-0.1%) Shares 98,780 (-8.4%) Est. Cost $39.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACWI	iShares MSCI ACWI ETF	217,648 (-26.5%)	$34.16M (-18.5%)	4.2%	$107.48	—	—	464288257
XLC	State Street Communication Services Select Sector SPDR ETF	146,776 (-19.2%)	$15.72M (-26.5%)	1.9%	$58.72	—	—	81369Y852
DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	502 (-93.0%)	$263K (-92.4%)	0.0%	$391.93	—	—	78467X109
IVV	iShares Core S&P 500 ETF	6,260 (-20.9%)	$4.688M (-13.6%)	0.6%	$494.77	—	—	464287200
MBLY	Mobileye Global Inc	21,243 (-75.0%)	$206K (-76.8%)	0.0%	$35.68	—	—	60741F104
AAPL	Apple Inc	38,008 (-3.4%)	$11M (+2.8%)	1.3%	$105.93	—	—	037833100
XLRE	State Street Real Estate Select Sector SPDR ETF	98,780 (-8.4%)	$4.349M (-0.1%)	0.5%	$39.40	—	—	81369Y860

Unchanged Positions (16)

IXC iShares Global Energy ETF 0.6%

Value $5.28M Shares 107,474 Est. Cost $25.78 Unrealized —

NVDA NVIDIA Corp 1.2%

Value $9.985M Shares 49,903 Est. Cost $98.64 Unrealized —

SNOW Snowflake Inc 0.4%

Value $3.607M Shares 14,172 Est. Cost $198.17 Unrealized —

VYM Vanguard High Dividend Yield ETF 0.6%

Value $4.778M Shares 30,236 Est. Cost $113.15 Unrealized —

IGM iShares Expanded Tech Sector ETF 0.2%

Value $1.934M Shares 11,826 Est. Cost $137.24 Unrealized —

JQUA JPMorgan US Quality Factor ETF 0.4%

Value $2.874M Shares 39,764 Est. Cost $42.13 Unrealized —

RZV Invesco S&P SmallCap 600 Pure Value ETF 0.1%

Value $1.047M Shares 7,023 Est. Cost $92.80 Unrealized —

SPYG State Street SPDR Portfolio S&P 500 Growth ETF 0.2%

Value $1.442M Shares 12,122 Est. Cost $55.33 Unrealized —

SPYM State Street SPDR Portfolio S&P 500 ETF 0.2%

Value $1.376M Shares 15,660 Est. Cost $78.35 Unrealized —

XMHQ Invesco S&P MidCap Quality ETF 0.1%

Value $1.138M Shares 10,080 Est. Cost $97.78 Unrealized —

RPV Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Pure Value ETF 0.1%

Value $830K Shares 7,293 Est. Cost $78.26 Unrealized —

BAC Bank of America Corp 0.2%

Value $1.71M Shares 30,009 Est. Cost $28.56 Unrealized —

UBER Uber Technologies Inc 0.1%

Value $438K Shares 6,071 Est. Cost $33.73 Unrealized —

FDN First Trust Dow Jones Internet Index Fund 0.2%

Value $1.26M Shares 4,758 Est. Cost $147.92 Unrealized —

XLY State Street Consumer Discretionary Select Sector SPDR ETF 0.1%

Value $895K Shares 7,635 Est. Cost $122.71 Unrealized —

EELV Invesco S&P Emerging Markets Low Volatility ETF 0.0%

Value $252K Shares 9,047 Est. Cost $25.24 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IXC	iShares Global Energy ETF	107,474	$5.28M	0.6%	$25.78	—	—	464287341
NVDA	NVIDIA Corp	49,903	$9.985M	1.2%	$98.64	—	—	67066G104
SNOW	Snowflake Inc	14,172	$3.607M	0.4%	$198.17	—	—	833445109
VYM	Vanguard High Dividend Yield ETF	30,236	$4.778M	0.6%	$113.15	—	—	921946406
IGM	iShares Expanded Tech Sector ETF	11,826	$1.934M	0.2%	$137.24	—	—	464287549
JQUA	JPMorgan US Quality Factor ETF	39,764	$2.874M	0.4%	$42.13	—	—	46641Q761
RZV	Invesco S&P SmallCap 600 Pure Value ETF	7,023	$1.047M	0.1%	$92.80	—	—	46137V167
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	12,122	$1.442M	0.2%	$55.33	—	—	78464A409
SPYM	State Street SPDR Portfolio S&P 500 ETF	15,660	$1.376M	0.2%	$78.35	—	—	78464A854
XMHQ	Invesco S&P MidCap Quality ETF	10,080	$1.138M	0.1%	$97.78	—	—	46137V472
RPV	Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Pure Value ETF	7,293	$830K	0.1%	$78.26	—	—	46137V258
BAC	Bank of America Corp	30,009	$1.71M	0.2%	$28.56	—	—	060505104
UBER	Uber Technologies Inc	6,071	$438K	0.1%	$33.73	—	—	90353T100
FDN	First Trust Dow Jones Internet Index Fund	4,758	$1.26M	0.2%	$147.92	—	—	33733E302
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	7,635	$895K	0.1%	$122.71	—	—	81369Y407
EELV	Invesco S&P Emerging Markets Low Volatility ETF	9,047	$252K	0.0%	$25.24	—	—	46138E297