RHODES INVESTMENT ADVISORS INC /ADV Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOFI	SOFI TECHNOLOGIES INC	35,108	$558	0.5%	$23.28	0.0%	COM	83406F102
MTZ	MASTEC INC	1,715	$552	0.5%	$250.19	0.0%	COM	576323109
HOOD	ROBINHOOD MKTS INC	7,715	$535	0.5%	$95.75	0.0%	COM CL A	770700102
ORCL	ORACLE CORP	2,319	$341	0.3%	$169.61	0.0%	COM	68389X105
FRO	FRONTLINE PLC	8,500	$296	0.3%	$28.36	0.0%	COM	M46528101
COP	CONOCOPHILLIPS	2,207	$291	0.3%	$102.65	0.0%	COM	20825C104
CVX	CHEVRON CORPORATION	1,218	$252	0.2%	$171.87	0.0%	COM	166764100
GLW	CORNING INC	1,800	$245	0.2%	$111.68	0.0%	COM	219350105
VZ	VERIZON COMMUNICATIONS INC	4,838	$243	0.2%	$43.82	0.0%	COM	92343V104
SMH	VANECK ETF TRUST	600	$230	0.2%	$383.40	—	SEMICONDUCTR ETF	92189F676
LMT	LOCKHEED MARTIN CORP	370	$224	0.2%	$600.88	0.0%	COM	539830109
CFR	CULLEN FROST BANKERS INC	1,571	$215	0.2%	$140.06	0.0%	COM	229899109
VCR	VANGUARD WORLD FD	592	$213	0.2%	$359.03	—	CONSUM DIS ETF	92204A108
CGSD	CAPITAL GRP FIXED INCM ETF T	8,240	$213	0.2%	$25.79	—	SHORT DURATION	14020Y409
—	GAMCO GLOBAL GOLD NAT RES &	12,450	$66	0.1%	$5.32	—	COM SH BEN INT	36465A109

Increased Positions (47)

KRP KIMBELL RTY PARTNERS LP 1.9%

Value ($000) $2,164 (+48.6%) Shares 149,555 (+20.8%) Est. Cost $12.23 Unrealized —

GEV GE VERNOVA INC 1.9%

Value ($000) $2,148 (+36.3%) Shares 2,461 (+2.0%) Est. Cost $611.59 Unrealized +20.5%

MSFT MICROSOFT CORP 2.0%

Value ($000) $2,311 (-18.6%) Shares 6,242 (+6.3%) Est. Cost $496.68 Unrealized -12.5%

RDDT REDDIT INC 0.6%

Value ($000) $663 (-40.8%) Shares 4,923 (+1.0%) Est. Cost $210.09 Unrealized -9.7%

AIRR FIRST TR EXCHANGE TRADED FD 2.3%

Value ($000) $2,689 (+20.4%) Shares 24,277 (+6.9%) Est. Cost $99.12 Unrealized —

NFLX NETFLIX INC. 0.8%

Value ($000) $927 (+57.4%) Shares 9,637 (+53.5%) Est. Cost $99.46 Unrealized -15.7%

DIV GLOBAL X FDS 0.5%

Value ($000) $543 (+102.4%) Shares 28,749 (+85.5%) Est. Cost $18.05 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 1.6%

Value ($000) $1,809 (+17.4%) Shares 12,365 (+42.7%) Est. Cost $173.00 Unrealized -10.9%

AMLP ALPS ETF TR 1.7%

Value ($000) $1,984 (+14.0%) Shares 37,685 (+1.8%) Est. Cost $47.12 Unrealized —

AMZN AMAZON COM INC 2.3%

Value ($000) $2,644 (-8.4%) Shares 12,697 (+1.5%) Est. Cost $228.76 Unrealized -0.8%

ET ENERGY TRANSFER L P 1.0%

Value ($000) $1,199 (+25.1%) Shares 62,147 (+6.9%) Est. Cost $16.67 Unrealized —

FCFS FIRSTCASH HOLDINGS INC 0.4%

Value ($000) $481 (+94.8%) Shares 2,560 (+65.2%) Est. Cost $163.50 Unrealized +6.1%

PANW PALO ALTO NETWORKS INC 0.8%

Value ($000) $944 (+30.2%) Shares 5,888 (+49.6%) Est. Cost $191.94 Unrealized -10.3%

ADBE ADOBE INC 0.8%

Value ($000) $921 (+30.4%) Shares 3,787 (+87.8%) Est. Cost $316.62 Unrealized -8.4%

FYC FIRST TR EXCHANGE-TRADED ALP 0.5%

Value ($000) $533 (+53.4%) Shares 5,495 (+52.0%) Est. Cost $96.41 Unrealized —

UTES ETFIS SER TR I 0.8%

Value ($000) $975 (+20.2%) Shares 12,200 (+18.8%) Est. Cost $79.10 Unrealized —

— NUVEEN MUN VALUE FD INC 0.5%

Value ($000) $555 (+41.7%) Shares 61,700 (+42.8%) Est. Cost $9.04 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.5%

Value ($000) $538 (+33.0%) Shares 14,210 (+12.7%) Est. Cost $32.71 Unrealized —

JNJ JOHNSON & JOHNSON 0.7%

Value ($000) $776 (+19.4%) Shares 3,173 (+1.1%) Est. Cost $197.35 Unrealized +15.5%

XLE SELECT SECTOR SPDR TR 0.3%

Value ($000) $319 (+58.3%) Shares 5,210 (+15.5%) Est. Cost $46.93 Unrealized —

IQQQ PROSHARES TR 0.3%

Value ($000) $330 (+47.8%) Shares 7,925 (+57.7%) Est. Cost $43.46 Unrealized —

AXP AMERICAN EXPRESS CO 0.6%

Value ($000) $670 (-13.3%) Shares 2,215 (+6.0%) Est. Cost $356.92 Unrealized -0.2%

VTV VANGUARD INDEX FDS 0.3%

Value ($000) $361 (+38.0%) Shares 1,840 (+34.3%) Est. Cost $192.32 Unrealized —

GOOGL ALPHABET INC 1.2%

Value ($000) $1,401 (-6.6%) Shares 4,873 (+1.7%) Est. Cost $286.22 Unrealized +13.0%

CRWD CROWDSTRIKE HLDGS INC 0.7%

Value ($000) $788 (-11.1%) Shares 2,018 (+6.8%) Est. Cost $504.27 Unrealized -14.5%

PFFA ETFIS SER TR I 0.5%

Value ($000) $534 (+17.8%) Shares 26,250 (+24.7%) Est. Cost $21.31 Unrealized —

UBER UBER TECHNOLOGIES INC 0.6%

Value ($000) $715 (-9.2%) Shares 9,935 (+3.2%) Est. Cost $89.70 Unrealized -12.2%

PPA INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $304 (+30.7%) Shares 1,835 (+23.6%) Est. Cost $158.36 Unrealized —

FEP FIRST TR EXCH TRD ALPHDX FD 0.3%

Value ($000) $292 (+30.2%) Shares 5,345 (+28.2%) Est. Cost $53.94 Unrealized —

THNQ EXCHANGE TRADED CONCEPTS TRU 0.9%

Value ($000) $1,102 (-5.7%) Shares 18,670 (+1.5%) Est. Cost $63.42 Unrealized —

VHT VANGUARD WORLD FD 0.3%

Value ($000) $348 (+22.5%) Shares 1,278 (+29.5%) Est. Cost $284.32 Unrealized —

DWLD DAVIS FUNDAMENTAL ETF TR 1.6%

Value ($000) $1,815 (-3.1%) Shares 41,431 (+3.2%) Est. Cost $46.55 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.3%

Value ($000) $391 (+17.0%) Shares 392 (+1.3%) Est. Cost $906.47 Unrealized +6.3%

AFRM AFFIRM HLDGS INC 0.4%

Value ($000) $520 (+12.1%) Shares 11,354 (+82.0%) Est. Cost $68.69 Unrealized -5.8%

IJR ISHARES TR 0.2%

Value ($000) $288 (+15.6%) Shares 2,316 (+11.8%) Est. Cost $120.62 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $241 (-9.6%) Shares 779 (+1.0%) Est. Cost $356.76 Unrealized -6.3%

QQQ INVESCO QQQ TR 1.1%

Value ($000) $1,302 (-1.5%) Shares 2,255 (+4.9%) Est. Cost $612.58 Unrealized —

RDVI FIRST TR EXCHANGE-TRADED FD 0.2%

Value ($000) $228 (+9.0%) Shares 8,925 (+11.9%) Est. Cost $26.17 Unrealized —

HD HOME DEPOT INC 0.7%

Value ($000) $764 (+2.0%) Shares 2,323 (+6.7%) Est. Cost $365.37 Unrealized +3.2%

LOW LOWES COS INC 0.2%

Value ($000) $266 (+5.0%) Shares 1,126 (+7.1%) Est. Cost $241.94 Unrealized +12.2%

JEPQ J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $339 (+3.6%) Shares 6,105 (+8.4%) Est. Cost $57.92 Unrealized —

RITM RITHM CAPITAL CORP 0.1%

Value ($000) $170 (-6.2%) Shares 17,950 (+7.8%) Est. Cost $10.80 Unrealized —

MA MASTERCARD INCORPORATED 0.7%

Value ($000) $817 (-1.3%) Shares 1,635 (+12.8%) Est. Cost $556.70 Unrealized -3.2%

VOO VANGUARD INDEX FDS 0.6%

Value ($000) $644 (+1.6%) Shares 1,078 (+6.6%) Est. Cost $625.29 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.6%

Value ($000) $746 (+1.3%) Shares 3,886 (+1.1%) Est. Cost $191.56 Unrealized —

— EATON VANCE TAX-MANAGED BUY- 0.1%

Value ($000) $147 (+2.3%) Shares 10,750 (+7.5%) Est. Cost $14.31 Unrealized —

PFF ISHARES TR 0.2%

Value ($000) $205 (-1.0%) Shares 6,750 (+1.1%) Est. Cost $30.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KRP	KIMBELL RTY PARTNERS LP	149,555 (+20.8%)	$2,164 (+48.6%)	1.9%	$12.23	—	UNIT	49435R102
GEV	GE VERNOVA INC	2,461 (+2.0%)	$2,148 (+36.3%)	1.9%	$611.59	+20.5%	COM	36828A101
MSFT	MICROSOFT CORP	6,242 (+6.3%)	$2,311 (-18.6%)	2.0%	$496.68	-12.5%	COM	594918104
RDDT	REDDIT INC	4,923 (+1.0%)	$663 (-40.8%)	0.6%	$210.09	-9.7%	CL A	75734B100
AIRR	FIRST TR EXCHANGE TRADED FD	24,277 (+6.9%)	$2,689 (+20.4%)	2.3%	$99.12	—	RBA INDL ETF	33738R704
NFLX	NETFLIX INC.	9,637 (+53.5%)	$927 (+57.4%)	0.8%	$99.46	-15.7%	COM	64110L106
DIV	GLOBAL X FDS	28,749 (+85.5%)	$543 (+102.4%)	0.5%	$18.05	—	GLOBX SUPDV US	37950E291
PLTR	PALANTIR TECHNOLOGIES INC	12,365 (+42.7%)	$1,809 (+17.4%)	1.6%	$173.00	-10.9%	CL A	69608A108
AMLP	ALPS ETF TR	37,685 (+1.8%)	$1,984 (+14.0%)	1.7%	$47.12	—	ALERIAN MLP	00162Q452
AMZN	AMAZON COM INC	12,697 (+1.5%)	$2,644 (-8.4%)	2.3%	$228.76	-0.8%	COM	023135106
ET	ENERGY TRANSFER L P	62,147 (+6.9%)	$1,199 (+25.1%)	1.0%	$16.67	—	COM UT LTD PTN	29273V100
FCFS	FIRSTCASH HOLDINGS INC	2,560 (+65.2%)	$481 (+94.8%)	0.4%	$163.50	+6.1%	COM	33768G107
PANW	PALO ALTO NETWORKS INC	5,888 (+49.6%)	$944 (+30.2%)	0.8%	$191.94	-10.3%	COM	697435105
ADBE	ADOBE INC	3,787 (+87.8%)	$921 (+30.4%)	0.8%	$316.62	-8.4%	COM	00724F101
FYC	FIRST TR EXCHANGE-TRADED ALP	5,495 (+52.0%)	$533 (+53.4%)	0.5%	$96.41	—	SML CP GRW ALP	33737M300
UTES	ETFIS SER TR I	12,200 (+18.8%)	$975 (+20.2%)	0.8%	$79.10	—	VIRTUS REAVES UT	26923G806
—	NUVEEN MUN VALUE FD INC	61,700 (+42.8%)	$555 (+41.7%)	0.5%	$9.04	—	COM	670928100
EPD	ENTERPRISE PRODS PARTNERS L	14,210 (+12.7%)	$538 (+33.0%)	0.5%	$32.71	—	COM	293792107
JNJ	JOHNSON & JOHNSON	3,173 (+1.1%)	$776 (+19.4%)	0.7%	$197.35	+15.5%	COM	478160104
XLE	SELECT SECTOR SPDR TR	5,210 (+15.5%)	$319 (+58.3%)	0.3%	$46.93	—	STATE STREET ENE	81369Y506
IQQQ	PROSHARES TR	7,925 (+57.7%)	$330 (+47.8%)	0.3%	$43.46	—	NASDAQ 100 HIGH	74347G234
AXP	AMERICAN EXPRESS CO	2,215 (+6.0%)	$670 (-13.3%)	0.6%	$356.92	-0.2%	COM	025816109
VTV	VANGUARD INDEX FDS	1,840 (+34.3%)	$361 (+38.0%)	0.3%	$192.32	—	VALUE ETF	922908744
GOOGL	ALPHABET INC	4,873 (+1.7%)	$1,401 (-6.6%)	1.2%	$286.22	+13.0%	CAP STK CL A	02079K305
CRWD	CROWDSTRIKE HLDGS INC	2,018 (+6.8%)	$788 (-11.1%)	0.7%	$504.27	-14.5%	CL A	22788C105
PFFA	ETFIS SER TR I	26,250 (+24.7%)	$534 (+17.8%)	0.5%	$21.31	—	VIRTUS INFRCAP	26923G822
UBER	UBER TECHNOLOGIES INC	9,935 (+3.2%)	$715 (-9.2%)	0.6%	$89.70	-12.2%	COM	90353T100
PPA	INVESCO EXCHANGE TRADED FD T	1,835 (+23.6%)	$304 (+30.7%)	0.3%	$158.36	—	AEROSPACE DEFN	46137V100
FEP	FIRST TR EXCH TRD ALPHDX FD	5,345 (+28.2%)	$292 (+30.2%)	0.3%	$53.94	—	EUROPE ALPHADEX	33737J117
THNQ	EXCHANGE TRADED CONCEPTS TRU	18,670 (+1.5%)	$1,102 (-5.7%)	0.9%	$63.42	—	ROBO GLB ARTIF	301505731
VHT	VANGUARD WORLD FD	1,278 (+29.5%)	$348 (+22.5%)	0.3%	$284.32	—	HEALTH CAR ETF	92204A504
DWLD	DAVIS FUNDAMENTAL ETF TR	41,431 (+3.2%)	$1,815 (-3.1%)	1.6%	$46.55	—	SELECT WRLD WI	23908L306
COST	COSTCO WHOLESALE CORPORATION	392 (+1.3%)	$391 (+17.0%)	0.3%	$906.47	+6.3%	COM	22160K105
AFRM	AFFIRM HLDGS INC	11,354 (+82.0%)	$520 (+12.1%)	0.4%	$68.69	-5.8%	COM CL A	00827B106
IJR	ISHARES TR	2,316 (+11.8%)	$288 (+15.6%)	0.2%	$120.62	—	CORE S&P SCP ETF	464287804
AVGO	BROADCOM INC	779 (+1.0%)	$241 (-9.6%)	0.2%	$356.76	-6.3%	COM	11135F101
QQQ	INVESCO QQQ TR	2,255 (+4.9%)	$1,302 (-1.5%)	1.1%	$612.58	—	UNIT SER 1	46090E103
RDVI	FIRST TR EXCHANGE-TRADED FD	8,925 (+11.9%)	$228 (+9.0%)	0.2%	$26.17	—	FT VEST RIS	33738D879
HD	HOME DEPOT INC	2,323 (+6.7%)	$764 (+2.0%)	0.7%	$365.37	+3.2%	COM	437076102
LOW	LOWES COS INC	1,126 (+7.1%)	$266 (+5.0%)	0.2%	$241.94	+12.2%	COM	548661107
JEPQ	J P MORGAN EXCHANGE TRADED F	6,105 (+8.4%)	$339 (+3.6%)	0.3%	$57.92	—	NASDAQ EQT PREM	46654Q203
RITM	RITHM CAPITAL CORP	17,950 (+7.8%)	$170 (-6.2%)	0.1%	$10.80	—	COM NEW	64828T201
MA	MASTERCARD INCORPORATED	1,635 (+12.8%)	$817 (-1.3%)	0.7%	$556.70	-3.2%	CL A	57636Q104
VOO	VANGUARD INDEX FDS	1,078 (+6.6%)	$644 (+1.6%)	0.6%	$625.29	—	S&P 500 ETF SHS	922908363
RSP	INVESCO EXCHANGE TRADED FD T	3,886 (+1.1%)	$746 (+1.3%)	0.6%	$191.56	—	S&P500 EQL WGT	46137V357
—	EATON VANCE TAX-MANAGED BUY-	10,750 (+7.5%)	$147 (+2.3%)	0.1%	$14.31	—	COM	27828Y108
PFF	ISHARES TR	6,750 (+1.1%)	$205 (-1.0%)	0.2%	$30.95	—	PFD AND INCM SEC	464288687

Exited Positions (15)

GS GOLDMAN SACHS GROUP INC 1.0%

Value ($000) $1,164 Shares 1,324 Est. Cost $813.35 Unrealized +14.7%

HTGC HERCULES CAPITAL INC 0.6%

Value ($000) $740 Shares 39,300 Est. Cost $18.04 Unrealized -3.0%

LULU LULULEMON ATHLETICA INC 0.4%

Value ($000) $506 Shares 2,435 Est. Cost $181.15 Unrealized +4.2%

CAT CATERPILLAR INC 0.3%

Value ($000) $383 Shares 669 Est. Cost $555.50 Unrealized +23.2%

XLY SELECT SECTOR SPDR TR 0.3%

Value ($000) $322 Shares 2,700 Est. Cost $119.41 Unrealized —

CIEN CIENA CORP 0.3%

Value ($000) $291 Shares 1,245 Est. Cost $194.00 Unrealized +39.6%

DIA SPDR DOW JONES INDL AVERAGE 0.2%

Value ($000) $288 Shares 600 Est. Cost $480.57 Unrealized —

FIW FIRST TR EXCHANGE-TRADED FD 0.2%

Value ($000) $284 Shares 2,610 Est. Cost $108.64 Unrealized —

KKR KKR & CO INC 0.2%

Value ($000) $278 Shares 2,182 Est. Cost $124.29 Unrealized -7.7%

FIX COMFORT SYS USA INC 0.2%

Value ($000) $271 Shares 290 Est. Cost $922.99 Unrealized +29.6%

XLF SELECT SECTOR SPDR TR 0.2%

Value ($000) $266 Shares 4,849 Est. Cost $54.77 Unrealized —

ITA ISHARES TR 0.2%

Value ($000) $264 Shares 1,230 Est. Cost $214.69 Unrealized —

SKYY FIRST TR EXCHANGE TRADED FD 0.2%

Value ($000) $236 Shares 1,815 Est. Cost $130.08 Unrealized —

SBR SABINE RTY TR 0.2%

Value ($000) $203 Shares 2,955 Est. Cost $68.57 Unrealized —

PRME PRIME MEDICINE INC 0.0%

Value ($000) $37 Shares 10,750 Est. Cost $4.45 Unrealized -14.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GS	GOLDMAN SACHS GROUP INC	1,324	$1,164	1.0%	$813.35	+14.7%	—	38141G104
HTGC	HERCULES CAPITAL INC	39,300	$740	0.6%	$18.04	-3.0%	—	427096508
LULU	LULULEMON ATHLETICA INC	2,435	$506	0.4%	$181.15	+4.2%	—	550021109
CAT	CATERPILLAR INC	669	$383	0.3%	$555.50	+23.2%	—	149123101
XLY	SELECT SECTOR SPDR TR	2,700	$322	0.3%	$119.41	—	—	81369Y407
CIEN	CIENA CORP	1,245	$291	0.3%	$194.00	+39.6%	—	171779309
DIA	SPDR DOW JONES INDL AVERAGE	600	$288	0.2%	$480.57	—	—	78467X109
FIW	FIRST TR EXCHANGE-TRADED FD	2,610	$284	0.2%	$108.64	—	—	33733B100
KKR	KKR & CO INC	2,182	$278	0.2%	$124.29	-7.7%	—	48251W104
FIX	COMFORT SYS USA INC	290	$271	0.2%	$922.99	+29.6%	—	199908104
XLF	SELECT SECTOR SPDR TR	4,849	$266	0.2%	$54.77	—	—	81369Y605
ITA	ISHARES TR	1,230	$264	0.2%	$214.69	—	—	464288760
SKYY	FIRST TR EXCHANGE TRADED FD	1,815	$236	0.2%	$130.08	—	—	33734X192
SBR	SABINE RTY TR	2,955	$203	0.2%	$68.57	—	—	785688102
PRME	PRIME MEDICINE INC	10,750	$37	0.0%	$4.45	-14.5%	—	74168J101

Decreased Positions (34)

VUG VANGUARD INDEX FDS 0.6%

Value ($000) $667 (-75.4%) Shares 1,526 (-72.5%) Est. Cost $487.86 Unrealized —

GDX VANECK ETF TRUST 3.6%

Value ($000) $4,232 (-17.4%) Shares 46,120 (-22.8%) Est. Cost $85.77 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.2%

Value ($000) $280 (-76.0%) Shares 1,375 (-74.7%) Est. Cost $224.60 Unrealized -1.3%

VTI VANGUARD INDEX FDS 0.8%

Value ($000) $925 (-48.3%) Shares 2,882 (-46.0%) Est. Cost $335.27 Unrealized —

JPM JPMORGAN CHASE & CO 2.9%

Value ($000) $3,424 (-18.6%) Shares 11,639 (-10.8%) Est. Cost $309.53 Unrealized +0.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 5.2%

Value ($000) $5,983 (-9.8%) Shares 12,486 (-5.4%) Est. Cost $497.53 Unrealized -0.8%

WMT WALMART INC 1.1%

Value ($000) $1,313 (-23.7%) Shares 10,567 (-31.6%) Est. Cost $107.20 Unrealized +13.8%

BN BROOKFIELD CORP 2.0%

Value ($000) $2,264 (-14.2%) Shares 55,931 (-2.7%) Est. Cost $45.55 Unrealized +2.5%

DELL DELL TECHNOLOGIES INC 1.5%

Value ($000) $1,699 (+27.3%) Shares 10,354 (-2.4%) Est. Cost $140.75 Unrealized -15.4%

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $1,167 (-23.8%) Shares 4,311 (-7.0%) Est. Cost $337.21 Unrealized -8.5%

GE GE AEROSPACE 2.5%

Value ($000) $2,884 (-9.7%) Shares 10,164 (-2.0%) Est. Cost $300.80 Unrealized +5.8%

FDX FEDEX CORP 1.6%

Value ($000) $1,902 (+19.1%) Shares 5,341 (-3.4%) Est. Cost $261.56 Unrealized +29.6%

TSLA TESLA INC 0.3%

Value ($000) $357 (-42.7%) Shares 961 (-30.7%) Est. Cost $443.29 Unrealized -3.9%

AU ANGLOGOLD ASHANTI PLC 0.4%

Value ($000) $455 (-34.5%) Shares 4,675 (-42.6%) Est. Cost $77.50 Unrealized +33.7%

ABR ARBOR REALTY TRUST INC 0.3%

Value ($000) $399 (-37.3%) Shares 51,769 (-36.9%) Est. Cost $7.76 Unrealized —

KIE SPDR SERIES TRUST 0.8%

Value ($000) $955 (-19.7%) Shares 17,370 (-12.1%) Est. Cost $60.15 Unrealized —

XLK SELECT SECTOR SPDR TR 1.5%

Value ($000) $1,792 (-10.8%) Shares 13,487 (-3.4%) Est. Cost $143.97 Unrealized —

LLY ELI LILLY & CO 0.4%

Value ($000) $464 (-23.5%) Shares 505 (-10.6%) Est. Cost $955.55 Unrealized +9.6%

AB ALLIANCEBERNSTEIN HLDG L P 0.5%

Value ($000) $572 (-19.8%) Shares 15,275 (-17.5%) Est. Cost $38.48 Unrealized —

IMCG ISHARES TR 1.8%

Value ($000) $2,062 (-5.9%) Shares 26,175 (-4.6%) Est. Cost $79.84 Unrealized —

SBUX STARBUCKS CORP 1.6%

Value ($000) $1,827 (+3.9%) Shares 20,390 (-2.3%) Est. Cost $84.06 Unrealized +11.4%

SLB SLB LIMITED 0.3%

Value ($000) $294 (+25.7%) Shares 5,715 (-6.2%) Est. Cost $36.06 Unrealized +33.9%

— NEUBERGER R/EST SECS INC FD 0.0%

Value ($000) $41 (-56.3%) Shares 14,500 (-53.2%) Est. Cost $3.04 Unrealized —

XLC SELECT SECTOR SPDR TR 0.4%

Value ($000) $472 (-10.1%) Shares 4,255 (-4.5%) Est. Cost $117.72 Unrealized —

HYFI AB ACTIVE ETFS INC 0.6%

Value ($000) $696 (-5.9%) Shares 18,725 (-4.9%) Est. Cost $37.58 Unrealized —

BA BOEING CO 0.2%

Value ($000) $228 (-15.7%) Shares 1,147 (-8.0%) Est. Cost $205.66 Unrealized +16.0%

PFXF VANECK ETF TRUST 1.2%

Value ($000) $1,408 (-2.9%) Shares 80,269 (-2.2%) Est. Cost $17.66 Unrealized —

LADR LADDER CAP CORP 0.1%

Value ($000) $110 (-27.3%) Shares 11,250 (-18.2%) Est. Cost $10.99 Unrealized —

FTSL FIRST TR EXCHANGE-TRADED FD 0.2%

Value ($000) $251 (-11.1%) Shares 5,600 (-8.9%) Est. Cost $45.88 Unrealized —

FDVV FIDELITY COVINGTON TRUST 0.2%

Value ($000) $232 (-11.5%) Shares 4,205 (-9.2%) Est. Cost $56.69 Unrealized —

XLU SELECT SECTOR SPDR TR 0.9%

Value ($000) $1,087 (+2.4%) Shares 23,695 (-4.7%) Est. Cost $42.69 Unrealized —

GDXJ VANECK ETF TRUST 0.6%

Value ($000) $723 (+3.5%) Shares 6,020 (-1.9%) Est. Cost $113.78 Unrealized —

— MFS INTER INCOME TR 0.0%

Value ($000) $39 (-19.3%) Shares 15,700 (-16.0%) Est. Cost $2.61 Unrealized —

FTA FIRST TR EXCHANGE-TRADED ALP 0.2%

Value ($000) $221 (+2.5%) Shares 2,395 (-4.4%) Est. Cost $86.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VUG	VANGUARD INDEX FDS	1,526 (-72.5%)	$667 (-75.4%)	0.6%	$487.86	—	GROWTH ETF	922908736
GDX	VANECK ETF TRUST	46,120 (-22.8%)	$4,232 (-17.4%)	3.6%	$85.77	—	GOLD MINERS ETF	92189F106
AMD	ADVANCED MICRO DEVICES INC	1,375 (-74.7%)	$280 (-76.0%)	0.2%	$224.60	-1.3%	COM	007903107
VTI	VANGUARD INDEX FDS	2,882 (-46.0%)	$925 (-48.3%)	0.8%	$335.27	—	TOTAL STK MKT	922908769
JPM	JPMORGAN CHASE & CO	11,639 (-10.8%)	$3,424 (-18.6%)	2.9%	$309.53	+0.6%	COM	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL	12,486 (-5.4%)	$5,983 (-9.8%)	5.2%	$497.53	-0.8%	CL B NEW	084670702
WMT	WALMART INC	10,567 (-31.6%)	$1,313 (-23.7%)	1.1%	$107.20	+13.8%	COM	931142103
BN	BROOKFIELD CORP	55,931 (-2.7%)	$2,264 (-14.2%)	2.0%	$45.55	+2.5%	CL A LTD VT SH	11271J107
DELL	DELL TECHNOLOGIES INC	10,354 (-2.4%)	$1,699 (+27.3%)	1.5%	$140.75	-15.4%	CL C	24703L202
UNH	UNITEDHEALTH GROUP INC	4,311 (-7.0%)	$1,167 (-23.8%)	1.0%	$337.21	-8.5%	COM	91324P102
GE	GE AEROSPACE	10,164 (-2.0%)	$2,884 (-9.7%)	2.5%	$300.80	+5.8%	COM NEW	369604301
FDX	FEDEX CORP	5,341 (-3.4%)	$1,902 (+19.1%)	1.6%	$261.56	+29.6%	COM	31428X106
TSLA	TESLA INC	961 (-30.7%)	$357 (-42.7%)	0.3%	$443.29	-3.9%	COM	88160R101
AU	ANGLOGOLD ASHANTI PLC	4,675 (-42.6%)	$455 (-34.5%)	0.4%	$77.50	+33.7%	COM SHS	G0378L100
ABR	ARBOR REALTY TRUST INC	51,769 (-36.9%)	$399 (-37.3%)	0.3%	$7.76	—	COM	038923108
KIE	SPDR SERIES TRUST	17,370 (-12.1%)	$955 (-19.7%)	0.8%	$60.15	—	STATE STREET SPD	78464A789
XLK	SELECT SECTOR SPDR TR	13,487 (-3.4%)	$1,792 (-10.8%)	1.5%	$143.97	—	STATE STREET TEC	81369Y803
LLY	ELI LILLY & CO	505 (-10.6%)	$464 (-23.5%)	0.4%	$955.55	+9.6%	COM	532457108
AB	ALLIANCEBERNSTEIN HLDG L P	15,275 (-17.5%)	$572 (-19.8%)	0.5%	$38.48	—	UNIT LTD PARTN	01881G106
IMCG	ISHARES TR	26,175 (-4.6%)	$2,062 (-5.9%)	1.8%	$79.84	—	MRGSTR MD CP GRW	464288307
SBUX	STARBUCKS CORP	20,390 (-2.3%)	$1,827 (+3.9%)	1.6%	$84.06	+11.4%	COM	855244109
SLB	SLB LIMITED	5,715 (-6.2%)	$294 (+25.7%)	0.3%	$36.06	+33.9%	COM STK	806857108
—	NEUBERGER R/EST SECS INC FD	14,500 (-53.2%)	$41 (-56.3%)	0.0%	$3.04	—	COM	64190A103
XLC	SELECT SECTOR SPDR TR	4,255 (-4.5%)	$472 (-10.1%)	0.4%	$117.72	—	STATE STREET COM	81369Y852
HYFI	AB ACTIVE ETFS INC	18,725 (-4.9%)	$696 (-5.9%)	0.6%	$37.58	—	HIGH YIELD ETF	00039J608
BA	BOEING CO	1,147 (-8.0%)	$228 (-15.7%)	0.2%	$205.66	+16.0%	COM	097023105
PFXF	VANECK ETF TRUST	80,269 (-2.2%)	$1,408 (-2.9%)	1.2%	$17.66	—	PREFERRED SECURT	92189F429
LADR	LADDER CAP CORP	11,250 (-18.2%)	$110 (-27.3%)	0.1%	$10.99	—	CL A	505743104
FTSL	FIRST TR EXCHANGE-TRADED FD	5,600 (-8.9%)	$251 (-11.1%)	0.2%	$45.88	—	SENIOR LN FD	33738D309
FDVV	FIDELITY COVINGTON TRUST	4,205 (-9.2%)	$232 (-11.5%)	0.2%	$56.69	—	HIGH DIVID ETF	316092840
XLU	SELECT SECTOR SPDR TR	23,695 (-4.7%)	$1,087 (+2.4%)	0.9%	$42.69	—	STATE STREET UTI	81369Y886
GDXJ	VANECK ETF TRUST	6,020 (-1.9%)	$723 (+3.5%)	0.6%	$113.78	—	JUNIOR GOLD MINE	92189F791
—	MFS INTER INCOME TR	15,700 (-16.0%)	$39 (-19.3%)	0.0%	$2.61	—	SH BEN INT	55273C107
FTA	FIRST TR EXCHANGE-TRADED ALP	2,395 (-4.4%)	$221 (+2.5%)	0.2%	$86.15	—	COM SHS	33735J101

Unchanged Positions (20)

XOM EXXON MOBIL CORP 2.4%

Value ($000) $2,753 Shares 16,226 Est. Cost $115.49 Unrealized +20.1%

META META PLATFORMS INC 3.8%

Value ($000) $4,391 Shares 7,674 Est. Cost $667.32 Unrealized -1.8%

GOOG ALPHABET INC 3.1%

Value ($000) $3,597 Shares 12,539 Est. Cost $286.33 Unrealized +13.0%

IWY ISHARES TR 2.4%

Value ($000) $2,837 Shares 11,400 Est. Cost $276.94 Unrealized —

AAPL APPLE INC 2.6%

Value ($000) $3,041 Shares 11,982 Est. Cost $268.34 Unrealized -2.1%

NVDA NVIDIA CORPORATION 2.1%

Value ($000) $2,492 Shares 14,288 Est. Cost $186.13 Unrealized +0.3%

KO COCA COLA CO 1.3%

Value ($000) $1,465 Shares 19,259 Est. Cost $69.40 Unrealized +7.7%

MOAT VANECK ETF TRUST 1.1%

Value ($000) $1,319 Shares 13,642 Est. Cost $103.56 Unrealized —

IAI ISHARES TR 0.8%

Value ($000) $949 Shares 5,780 Est. Cost $179.37 Unrealized —

BLK BLACKROCK INC 0.6%

Value ($000) $726 Shares 755 Est. Cost $1089.41 Unrealized +0.7%

BRK/A BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $1,436 Shares 2 Est. Cost $746423.56 Unrealized -0.8%

— NEUBERGER ENGY INFRSTR & INC 0.3%

Value ($000) $375 Shares 35,650 Est. Cost $8.50 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.3%

Value ($000) $340 Shares 7,648 Est. Cost $53.47 Unrealized -3.8%

FNGS BANK MONTREAL MEDIUM 0.3%

Value ($000) $398 Shares 6,676 Est. Cost $68.05 Unrealized —

ARCC ARES CAPITAL CORP 0.3%

Value ($000) $367 Shares 20,375 Est. Cost $19.79 Unrealized +1.1%

RDVY FIRST TR EXCHANGE TRADED FD 1.6%

Value ($000) $1,800 Shares 26,362 Est. Cost $69.47 Unrealized —

— EATON VANCE ENHANCED EQUITY 0.3%

Value ($000) $338 Shares 17,990 Est. Cost $20.56 Unrealized —

ANET ARISTA NETWORKS INC 0.3%

Value ($000) $372 Shares 3,030 Est. Cost $137.66 Unrealized -1.9%

TDV PROSHARES TR 0.3%

Value ($000) $292 Shares 3,450 Est. Cost $86.58 Unrealized —

— MFS INTER HIGH INCOME FD 0.0%

Value ($000) $40 Shares 25,000 Est. Cost $1.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	16,226	$2,753	2.4%	$115.49	+20.1%	COM	30231G102
META	META PLATFORMS INC	7,674	$4,391	3.8%	$667.32	-1.8%	CL A	30303M102
GOOG	ALPHABET INC	12,539	$3,597	3.1%	$286.33	+13.0%	CAP STK CL C	02079K107
IWY	ISHARES TR	11,400	$2,837	2.4%	$276.94	—	RUS TP200 GR ETF	464289438
AAPL	APPLE INC	11,982	$3,041	2.6%	$268.34	-2.1%	COM	037833100
NVDA	NVIDIA CORPORATION	14,288	$2,492	2.1%	$186.13	+0.3%	COM	67066G104
KO	COCA COLA CO	19,259	$1,465	1.3%	$69.40	+7.7%	COM	191216100
MOAT	VANECK ETF TRUST	13,642	$1,319	1.1%	$103.56	—	MRNGSTR WDE MOAT	92189F643
IAI	ISHARES TR	5,780	$949	0.8%	$179.37	—	US BR DEL SE ETF	464288794
BLK	BLACKROCK INC	755	$726	0.6%	$1089.41	+0.7%	COM	09290D101
BRK/A	BERKSHIRE HATHAWAY INC DEL	2	$1,436	1.2%	$746423.56	-0.8%	CL A	084670108
—	NEUBERGER ENGY INFRSTR & INC	35,650	$375	0.3%	$8.50	—	COM	64129H104
BAM	BROOKFIELD ASSET MANAGMT LTD	7,648	$340	0.3%	$53.47	-3.8%	CL A LMT VTG SHS	113004105
FNGS	BANK MONTREAL MEDIUM	6,676	$398	0.3%	$68.05	—	NT LKD 38	06368B504
ARCC	ARES CAPITAL CORP	20,375	$367	0.3%	$19.79	+1.1%	COM	04010L103
RDVY	FIRST TR EXCHANGE TRADED FD	26,362	$1,800	1.6%	$69.47	—	RISNG DIVD ACHIV	33738R506
—	EATON VANCE ENHANCED EQUITY	17,990	$338	0.3%	$20.56	—	COM	278274105
ANET	ARISTA NETWORKS INC	3,030	$372	0.3%	$137.66	-1.9%	COM SHS	040413205
TDV	PROSHARES TR	3,450	$292	0.3%	$86.58	—	S&P TECH DIVIDEN	74347G606
—	MFS INTER HIGH INCOME FD	25,000	$40	0.0%	$1.70	—	SH BEN INT	59318T109