Next Capital Management LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIZD	VANECK BDC INCOME ETF	46,000	$652	0.2%	$14.18	—	UIE	92189F411
COF	CAPITAL ONE FINL CORP	2,256	$540	0.2%	$222.19	0.0%	COM	14040H105
SCHM	CHARLES SCHWAB US MC ETF	10,169	$306	0.1%	$30.07	—	UIE	808524508
SLV	ISHARES SILVER TRUST ETF	4,585	$295	0.1%	$64.42	—	UIE	46428Q109
BNDX	Vanguard Total International BND ETF	5,519	$267	0.1%	$48.32	—	UIE	92203J407
VO	VANGUARD MID CAP ETF	808	$234	0.1%	$290.16	—	UIE	922908629
MGM	MGM RESORTS INTL	5,750	$210	0.1%	$33.93	0.0%	COM	552953101
DIVB	ISHARES CORE DIVIDEND ETF	3,854	$205	0.1%	$53.16	—	UIE	46435U861
AMRZ	AMRIZE LTD F	3,750	$203	0.1%	$51.02	0.0%	FGO	H2927K103

Increased Positions (32)

IEMG iShares Core MSCI Emerging ETF 3.1%

Value ($000) $9,574 (+36.0%) Shares 142,425 (+33.4%) Est. Cost $56.41 Unrealized —

OBDC BLUE OWL CAP CORP 0.8%

Value ($000) $2,488 (+395.1%) Shares 199,584 (+407.0%) Est. Cost $11.57 Unrealized +6.7%

IVW ISHARES S&P 500 GROWTH ETF 2.6%

Value ($000) $8,057 (+32.0%) Shares 65,367 (+29.3%) Est. Cost $47.87 Unrealized —

IVV ISHARES CORE S&P 500 ETF 15.3%

Value ($000) $47,832 (+4.0%) Shares 69,834 (+1.7%) Est. Cost $412.48 Unrealized —

IEFA ISHARES CORE MSCI EAFE ETF 4.2%

Value ($000) $13,066 (+11.3%) Shares 146,055 (+8.6%) Est. Cost $66.56 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ETF 3.2%

Value ($000) $10,117 (+13.1%) Shares 30,174 (+10.7%) Est. Cost $206.88 Unrealized —

IWF ISHARES RUSSELL 1000 GROWTH ETF 3.3%

Value ($000) $10,162 (+12.8%) Shares 21,471 (+11.7%) Est. Cost $233.12 Unrealized —

MFIC MIDCAP FINL INVESTME 5.4%

Value ($000) $16,981 (+5.6%) Shares 1,484,349 (+10.6%) Est. Cost $11.71 Unrealized -1.0%

QQQM INVESCO NASDAQ 100 ETF 0.9%

Value ($000) $2,826 (+37.2%) Shares 11,175 (+34.0%) Est. Cost $205.26 Unrealized —

IJH ISHARES CORE S&P MID CAPETF 1.7%

Value ($000) $5,330 (+16.4%) Shares 80,757 (+15.1%) Est. Cost $77.41 Unrealized —

AAPL APPLE INC 2.5%

Value ($000) $7,706 (+9.2%) Shares 28,346 (+2.3%) Est. Cost $172.63 Unrealized +55.4%

IUSV ISHARES CORE S&P US VALUE ETF 0.7%

Value ($000) $2,090 (+39.4%) Shares 20,381 (+35.9%) Est. Cost $91.34 Unrealized —

NFLX NETFLIX INC 0.2%

Value ($000) $612 (-48.8%) Shares 6,525 (+554.5%) Est. Cost $98.92 Unrealized +9.0%

IWD ISHARES RUSSELL 1000 VALUE ETF 1.7%

Value ($000) $5,401 (+11.0%) Shares 25,679 (+7.5%) Est. Cost $121.08 Unrealized —

GOOGL ALPHABET INC CLASS CLASS A 0.7%

Value ($000) $2,039 (+35.6%) Shares 6,515 (+5.3%) Est. Cost $150.68 Unrealized +89.5%

FNDX SCHWAB FUNDMNTL US LARGECOM ETF 1.0%

Value ($000) $3,272 (+18.3%) Shares 120,237 (+14.3%) Est. Cost $30.61 Unrealized —

QQQ INVSC QQQ TRUST SRS 1 ETF 4.2%

Value ($000) $13,161 (+4.0%) Shares 21,424 (+1.6%) Est. Cost $274.69 Unrealized —

JPST JPMORGAN ULTRA SHORT INCOME ETF 0.5%

Value ($000) $1,647 (+37.1%) Shares 32,562 (+37.5%) Est. Cost $50.41 Unrealized —

IJR ISHARES CORE S&P SMALL CAP ETF 1.8%

Value ($000) $5,645 (+7.6%) Shares 46,975 (+6.4%) Est. Cost $87.49 Unrealized —

SPY SPDR S&P 500 ETF 1.4%

Value ($000) $4,227 (+8.4%) Shares 6,195 (+5.9%) Est. Cost $416.38 Unrealized —

TCPC BLACKROCK TCP CAP CORP 4.7%

Value ($000) $14,679 (-1.4%) Shares 2,683,539 (+11.7%) Est. Cost $7.18 Unrealized -19.7%

SCHA SCHWAB US SMALL CAP ETF 1.1%

Value ($000) $3,393 (+3.6%) Shares 119,142 (+1.5%) Est. Cost $40.46 Unrealized —

XLK STATE STRET TEC SELECT SEC SPDR ETF 0.4%

Value ($000) $1,202 (+5.9%) Shares 8,348 (+107.3%) Est. Cost $118.99 Unrealized —

EEM ISHARES MSCI EMERGING MARKETS ETF 0.6%

Value ($000) $1,908 (+3.5%) Shares 34,874 (+1.1%) Est. Cost $40.57 Unrealized —

XLF STE STRT FINCL SLCT SECTOR SPDR ETF 0.6%

Value ($000) $1,802 (+2.8%) Shares 32,904 (+1.1%) Est. Cost $34.73 Unrealized —

APO APOLLO GLOBAL MGMT INC NCLASS CLASS A 0.1%

Value ($000) $255 (+11.9%) Shares 1,759 (+3.0%) Est. Cost $131.41 Unrealized +0.9%

NMFC NEW MTN FIN CORP 0.1%

Value ($000) $273 (+8.4%) Shares 29,680 (+13.5%) Est. Cost $9.37 Unrealized -2.2%

RSP INVSC S P 500 EQUAL WEIGHT ETF 0.1%

Value ($000) $327 (+6.6%) Shares 1,705 (+5.6%) Est. Cost $174.19 Unrealized —

SCHD SCHWAB US DIVIDEND EQUITY ETF 0.4%

Value ($000) $1,108 (+1.8%) Shares 40,381 (+1.3%) Est. Cost $36.00 Unrealized —

AIQ GLOBAL X FUND GLB X ART INTL TGY ETF 0.1%

Value ($000) $247 (+6.2%) Shares 4,848 (+3.1%) Est. Cost $49.43 Unrealized —

RYAM Rayonier Advanced Ma 0.2%

Value ($000) $484 (+1.3%) Shares 82,245 (+24.2%) Est. Cost $5.41 Unrealized +20.0%

BN BROOKFIELD CORP FCLASS A 0.2%

Value ($000) $723 (+0.4%) Shares 15,750 (+50.0%) Est. Cost $40.12 Unrealized +13.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEMG	iShares Core MSCI Emerging ETF	142,425 (+33.4%)	$9,574 (+36.0%)	3.1%	$56.41	—	UIE	46434G103
OBDC	BLUE OWL CAP CORP	199,584 (+407.0%)	$2,488 (+395.1%)	0.8%	$11.57	+6.7%	COM	69121K104
IVW	ISHARES S&P 500 GROWTH ETF	65,367 (+29.3%)	$8,057 (+32.0%)	2.6%	$47.87	—	UIE	464287309
IVV	ISHARES CORE S&P 500 ETF	69,834 (+1.7%)	$47,832 (+4.0%)	15.3%	$412.48	—	UIE	464287200
IEFA	ISHARES CORE MSCI EAFE ETF	146,055 (+8.6%)	$13,066 (+11.3%)	4.2%	$66.56	—	UIE	46432F842
VTI	VANGUARD TOTAL STOCK MARKET ETF	30,174 (+10.7%)	$10,117 (+13.1%)	3.2%	$206.88	—	UIE	922908769
IWF	ISHARES RUSSELL 1000 GROWTH ETF	21,471 (+11.7%)	$10,162 (+12.8%)	3.3%	$233.12	—	UIE	464287614
MFIC	MIDCAP FINL INVESTME	1,484,349 (+10.6%)	$16,981 (+5.6%)	5.4%	$11.71	-1.0%	COM	03761U502
QQQM	INVESCO NASDAQ 100 ETF	11,175 (+34.0%)	$2,826 (+37.2%)	0.9%	$205.26	—	UIE	46138G649
IJH	ISHARES CORE S&P MID CAPETF	80,757 (+15.1%)	$5,330 (+16.4%)	1.7%	$77.41	—	UIE	464287507
AAPL	APPLE INC	28,346 (+2.3%)	$7,706 (+9.2%)	2.5%	$172.63	+55.4%	COM	037833100
IUSV	ISHARES CORE S&P US VALUE ETF	20,381 (+35.9%)	$2,090 (+39.4%)	0.7%	$91.34	—	UIE	464287663
NFLX	NETFLIX INC	6,525 (+554.5%)	$612 (-48.8%)	0.2%	$98.92	+9.0%	COM	64110L106
IWD	ISHARES RUSSELL 1000 VALUE ETF	25,679 (+7.5%)	$5,401 (+11.0%)	1.7%	$121.08	—	UIE	464287598
GOOGL	ALPHABET INC CLASS CLASS A	6,515 (+5.3%)	$2,039 (+35.6%)	0.7%	$150.68	+89.5%	COM	02079K305
FNDX	SCHWAB FUNDMNTL US LARGECOM ETF	120,237 (+14.3%)	$3,272 (+18.3%)	1.0%	$30.61	—	UIE	808524771
QQQ	INVSC QQQ TRUST SRS 1 ETF	21,424 (+1.6%)	$13,161 (+4.0%)	4.2%	$274.69	—	COM	46090E103
JPST	JPMORGAN ULTRA SHORT INCOME ETF	32,562 (+37.5%)	$1,647 (+37.1%)	0.5%	$50.41	—	UIE	46641Q837
IJR	ISHARES CORE S&P SMALL CAP ETF	46,975 (+6.4%)	$5,645 (+7.6%)	1.8%	$87.49	—	UIE	464287804
SPY	SPDR S&P 500 ETF	6,195 (+5.9%)	$4,227 (+8.4%)	1.4%	$416.38	—	UIE	78462F103
TCPC	BLACKROCK TCP CAP CORP	2,683,539 (+11.7%)	$14,679 (-1.4%)	4.7%	$7.18	-19.7%	COM	09259E108
SCHA	SCHWAB US SMALL CAP ETF	119,142 (+1.5%)	$3,393 (+3.6%)	1.1%	$40.46	—	UIE	808524607
XLK	STATE STRET TEC SELECT SEC SPDR ETF	8,348 (+107.3%)	$1,202 (+5.9%)	0.4%	$118.99	—	UIE	81369Y803
EEM	ISHARES MSCI EMERGING MARKETS ETF	34,874 (+1.1%)	$1,908 (+3.5%)	0.6%	$40.57	—	UIE	464287234
XLF	STE STRT FINCL SLCT SECTOR SPDR ETF	32,904 (+1.1%)	$1,802 (+2.8%)	0.6%	$34.73	—	UIE	81369Y605
APO	APOLLO GLOBAL MGMT INC NCLASS CLASS A	1,759 (+3.0%)	$255 (+11.9%)	0.1%	$131.41	+0.9%	COM	03769M106
NMFC	NEW MTN FIN CORP	29,680 (+13.5%)	$273 (+8.4%)	0.1%	$9.37	-2.2%	COM	647551100
RSP	INVSC S P 500 EQUAL WEIGHT ETF	1,705 (+5.6%)	$327 (+6.6%)	0.1%	$174.19	—	UIE	46137V357
SCHD	SCHWAB US DIVIDEND EQUITY ETF	40,381 (+1.3%)	$1,108 (+1.8%)	0.4%	$36.00	—	UIE	808524797
AIQ	GLOBAL X FUND GLB X ART INTL TGY ETF	4,848 (+3.1%)	$247 (+6.2%)	0.1%	$49.43	—	UIE	37954Y632
RYAM	Rayonier Advanced Ma	82,245 (+24.2%)	$484 (+1.3%)	0.2%	$5.41	+20.0%	COM	75508B104
BN	BROOKFIELD CORP FCLASS A	15,750 (+50.0%)	$723 (+0.4%)	0.2%	$40.12	+13.5%	FGC	11271J107

Exited Positions (12)

WMT WALMART INC 0.7%

Value ($000) $2,123 Shares 20,600 Est. Cost $54.36 Unrealized +97.2%

PM PHILIP MORRIS INTL INC 0.4%

Value ($000) $1,231 Shares 7,588 Est. Cost $90.47 Unrealized +69.8%

MCD MCDONALDS CORP 0.4%

Value ($000) $1,218 Shares 4,007 Est. Cost $244.92 Unrealized +24.6%

HD HOME DEPOT INC 0.3%

Value ($000) $808 Shares 1,993 Est. Cost $323.18 Unrealized +12.8%

DFEN DIREXN DLY ARSPC DFNS BL3X SHRS ETF 0.1%

Value ($000) $344 Shares 5,000 Est. Cost $55.25 Unrealized —

MO ALTRIA GROUP INC 0.1%

Value ($000) $335 Shares 5,076 Est. Cost $38.22 Unrealized +55.3%

PG PROCTER & GAMBLE CO 0.1%

Value ($000) $285 Shares 1,852 Est. Cost $150.17 Unrealized -2.0%

MDLZ MONDELEZ INTL INC CLASS A 0.1%

Value ($000) $228 Shares 3,656 Est. Cost $58.84 Unrealized -3.0%

WEC WEC ENERGY GROUP INC 0.1%

Value ($000) $207 Shares 1,806 Est. Cost $107.11 Unrealized +3.0%

CRML CRITICAL METALS CORP. F 0.0%

Value ($000) $124 Shares 19,982 Est. Cost $4.56 Unrealized +139.3%

BYND BEYOND MEAT INC 0.0%

Value ($000) $19 Shares 10,043 Est. Cost $2.95 Unrealized -52.8%

TLGRF TALGA GROUP LTD ORDF 0.0%

Value ($000) $15 Shares 50,000 Est. Cost $0.31 Unrealized -4.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	20,600	$2,123	0.7%	$54.36	+97.2%	—	931142103
PM	PHILIP MORRIS INTL INC	7,588	$1,231	0.4%	$90.47	+69.8%	—	718172109
MCD	MCDONALDS CORP	4,007	$1,218	0.4%	$244.92	+24.6%	—	580135101
HD	HOME DEPOT INC	1,993	$808	0.3%	$323.18	+12.8%	—	437076102
DFEN	DIREXN DLY ARSPC DFNS BL3X SHRS ETF	5,000	$344	0.1%	$55.25	—	—	25460E661
MO	ALTRIA GROUP INC	5,076	$335	0.1%	$38.22	+55.3%	—	02209S103
PG	PROCTER & GAMBLE CO	1,852	$285	0.1%	$150.17	-2.0%	—	742718109
MDLZ	MONDELEZ INTL INC CLASS A	3,656	$228	0.1%	$58.84	-3.0%	—	609207105
WEC	WEC ENERGY GROUP INC	1,806	$207	0.1%	$107.11	+3.0%	—	92939U106
CRML	CRITICAL METALS CORP. F	19,982	$124	0.0%	$4.56	+139.3%	—	G2662B103
BYND	BEYOND MEAT INC	10,043	$19	0.0%	$2.95	-52.8%	—	08862E109
TLGRF	TALGA GROUP LTD ORDF	50,000	$15	0.0%	$0.31	-4.5%	—	Q8833K103

Decreased Positions (21)

VOO VANGUARD S&P 500 ETF 1.7%

Value ($000) $5,292 (-14.0%) Shares 8,438 (-15.9%) Est. Cost $487.52 Unrealized —

MDB MONGODB INC CLASS CLASS A 0.6%

Value ($000) $1,768 (+32.5%) Shares 4,212 (-2.0%) Est. Cost $184.86 Unrealized +96.8%

GOOG ALPHABET INC CLASS CLASS C 0.6%

Value ($000) $2,004 (+25.3%) Shares 6,387 (-2.8%) Est. Cost $147.64 Unrealized +93.9%

JPM JPMORGAN CHASE & CO 0.3%

Value ($000) $990 (-25.4%) Shares 3,071 (-27.0%) Est. Cost $206.83 Unrealized +49.7%

NVDA NVIDIA CORP 1.5%

Value ($000) $4,648 (-5.8%) Shares 24,922 (-5.8%) Est. Cost $115.99 Unrealized +60.5%

SCHW CHARLES SCHWAB CORP 0.5%

Value ($000) $1,631 (-13.9%) Shares 16,323 (-39.2%) Est. Cost $75.07 Unrealized +26.2%

MSFT MICROSOFT CORP 0.7%

Value ($000) $2,037 (-10.0%) Shares 4,212 (-3.6%) Est. Cost $297.07 Unrealized +68.5%

AMZN AMAZON.COM INC 3.3%

Value ($000) $10,430 (+2.0%) Shares 45,188 (-3.0%) Est. Cost $131.34 Unrealized +74.2%

XLV STATE STRT HLTH CRE SLT SEC SPDR ETF 0.9%

Value ($000) $2,781 (+7.5%) Shares 17,965 (-3.3%) Est. Cost $93.98 Unrealized —

ABBV ABBVIE INC 0.1%

Value ($000) $203 (-43.9%) Shares 889 (-43.2%) Est. Cost $150.98 Unrealized +50.7%

BRK/B BERKSHIRE HATHAWAY CLASS CLASS B 1.3%

Value ($000) $4,166 (-1.9%) Shares 8,289 (-1.9%) Est. Cost $270.88 Unrealized +83.7%

ECL ECOLAB INC 0.3%

Value ($000) $960 (-7.2%) Shares 3,655 (-3.2%) Est. Cost $200.29 Unrealized +32.7%

VUG VANGUARD GROWTH ETF 0.8%

Value ($000) $2,411 (-2.4%) Shares 4,942 (-4.1%) Est. Cost $295.35 Unrealized —

PLTR PALANTIR TECHNOLOGIES INCLASS CLASS A 0.1%

Value ($000) $280 (-8.6%) Shares 1,578 (-6.2%) Est. Cost $117.28 Unrealized +54.4%

CMCSA COMCAST CORP NEW TRADES WITH DUE BILLS 0.1%

Value ($000) $327 (-7.0%) Shares 10,928 (-2.2%) Est. Cost $34.47 Unrealized -17.2%

PPG PPG INDS INC 0.2%

Value ($000) $526 (-3.9%) Shares 5,129 (-1.4%) Est. Cost $147.48 Unrealized -32.1%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $667 (+3.0%) Shares 5,545 (-3.5%) Est. Cost $111.47 Unrealized +3.6%

SCHX SCHWAB US LARGE CAP ETF 1.0%

Value ($000) $3,058 (+0.6%) Shares 113,652 (-1.5%) Est. Cost $35.25 Unrealized —

BKNG BOOKING HLDGS INC 0.1%

Value ($000) $257 (-6.6%) Shares 48 (-5.9%) Est. Cost $3657.52 Unrealized +40.5%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $226 (-6.4%) Shares 1,164 (-9.8%) Est. Cost $184.06 Unrealized +3.0%

V VISA INC CLASS CLASS A 0.1%

Value ($000) $212 (-6.8%) Shares 603 (-9.3%) Est. Cost $266.96 Unrealized +27.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD S&P 500 ETF	8,438 (-15.9%)	$5,292 (-14.0%)	1.7%	$487.52	—	UIE	922908363
MDB	MONGODB INC CLASS CLASS A	4,212 (-2.0%)	$1,768 (+32.5%)	0.6%	$184.86	+96.8%	COM	60937P106
GOOG	ALPHABET INC CLASS CLASS C	6,387 (-2.8%)	$2,004 (+25.3%)	0.6%	$147.64	+93.9%	COM	02079K107
JPM	JPMORGAN CHASE & CO	3,071 (-27.0%)	$990 (-25.4%)	0.3%	$206.83	+49.7%	COM	46625H100
NVDA	NVIDIA CORP	24,922 (-5.8%)	$4,648 (-5.8%)	1.5%	$115.99	+60.5%	COM	67066G104
SCHW	CHARLES SCHWAB CORP	16,323 (-39.2%)	$1,631 (-13.9%)	0.5%	$75.07	+26.2%	COM	808513105
MSFT	MICROSOFT CORP	4,212 (-3.6%)	$2,037 (-10.0%)	0.7%	$297.07	+68.5%	COM	594918104
AMZN	AMAZON.COM INC	45,188 (-3.0%)	$10,430 (+2.0%)	3.3%	$131.34	+74.2%	COM	023135106
XLV	STATE STRT HLTH CRE SLT SEC SPDR ETF	17,965 (-3.3%)	$2,781 (+7.5%)	0.9%	$93.98	—	UIE	81369Y209
ABBV	ABBVIE INC	889 (-43.2%)	$203 (-43.9%)	0.1%	$150.98	+50.7%	COM	00287Y109
BRK/B	BERKSHIRE HATHAWAY CLASS CLASS B	8,289 (-1.9%)	$4,166 (-1.9%)	1.3%	$270.88	+83.7%	COM	084670702
ECL	ECOLAB INC	3,655 (-3.2%)	$960 (-7.2%)	0.3%	$200.29	+32.7%	COM	278865100
VUG	VANGUARD GROWTH ETF	4,942 (-4.1%)	$2,411 (-2.4%)	0.8%	$295.35	—	UIE	922908736
PLTR	PALANTIR TECHNOLOGIES INCLASS CLASS A	1,578 (-6.2%)	$280 (-8.6%)	0.1%	$117.28	+54.4%	COM	69608A108
CMCSA	COMCAST CORP NEW TRADES WITH DUE BILLS	10,928 (-2.2%)	$327 (-7.0%)	0.1%	$34.47	-17.2%	COM	20030N101
PPG	PPG INDS INC	5,129 (-1.4%)	$526 (-3.9%)	0.2%	$147.48	-32.1%	COM	693506107
XOM	EXXON MOBIL CORP	5,545 (-3.5%)	$667 (+3.0%)	0.2%	$111.47	+3.6%	COM	30231G102
SCHX	SCHWAB US LARGE CAP ETF	113,652 (-1.5%)	$3,058 (+0.6%)	1.0%	$35.25	—	UIE	808524201
BKNG	BOOKING HLDGS INC	48 (-5.9%)	$257 (-6.6%)	0.1%	$3657.52	+40.5%	COM	09857L108
BDX	BECTON DICKINSON & CO	1,164 (-9.8%)	$226 (-6.4%)	0.1%	$184.06	+3.0%	COM	075887109
V	VISA INC CLASS CLASS A	603 (-9.3%)	$212 (-6.8%)	0.1%	$266.96	+27.5%	COM	92826C839

Unchanged Positions (74)

META META PLATFORMS INC CLASS A 3.5%

Value ($000) $10,965 Shares 16,611 Est. Cost $195.69 Unrealized +241.0%

LLY ELI LILLY AND CO 0.6%

Value ($000) $1,900 Shares 1,768 Est. Cost $736.58 Unrealized +29.7%

KWEB KRANESHARES CSI CHINA INTERNET ETF 0.5%

Value ($000) $1,669 Shares 49,020 Est. Cost $26.25 Unrealized —

ALAB ASTERA LABS INC 0.3%

Value ($000) $862 Shares 5,182 Est. Cost $79.01 Unrealized +111.7%

ILMN ILLUMINA INC 0.2%

Value ($000) $469 Shares 3,578 Est. Cost $81.16 Unrealized +44.7%

PH PARKER-HANNIFIN CORP 0.3%

Value ($000) $910 Shares 1,035 Est. Cost $295.40 Unrealized +176.8%

JNJ JOHNSON & JOHNSON 0.4%

Value ($000) $1,157 Shares 5,592 Est. Cost $148.60 Unrealized +32.6%

GS GOLDMAN SACHS GROUP INC 0.4%

Value ($000) $1,244 Shares 1,415 Est. Cost $408.72 Unrealized +99.0%

CSGS CSG SYS INTL INC 0.2%

Value ($000) $690 Shares 9,000 Est. Cost $46.18 Unrealized +59.2%

GDX VANECK GOLD MINERS ETF 0.3%

Value ($000) $1,008 Shares 11,752 Est. Cost $0.03 Unrealized —

IWB ISHARES RUSSELL 1000 ETF 1.4%

Value ($000) $4,462 Shares 11,948 Est. Cost $328.01 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A F 0.2%

Value ($000) $499 Shares 860 Est. Cost $428.22 Unrealized +46.0%

VOT VANGUARD MID CAP GROWTH ETF 0.4%

Value ($000) $1,401 Shares 5,020 Est. Cost $157.25 Unrealized —

BX BLACKSTONE INC 0.2%

Value ($000) $703 Shares 4,560 Est. Cost $93.70 Unrealized +61.6%

— SABA CAPITAL INCOME OPPO 0.2%

Value ($000) $623 Shares 88,927 Est. Cost $8.06 Unrealized —

KO THE COCA-COLA CO 0.4%

Value ($000) $1,146 Shares 16,386 Est. Cost $46.58 Unrealized +49.0%

VIG VANGUARD DIVIDEND APPRECIATION ETF 0.9%

Value ($000) $2,936 Shares 13,360 Est. Cost $195.86 Unrealized —

CAT CATERPILLAR INC 0.1%

Value ($000) $306 Shares 535 Est. Cost $425.39 Unrealized +30.6%

KKR KKR & CO INC 0.8%

Value ($000) $2,584 Shares 20,273 Est. Cost $45.16 Unrealized +175.2%

IWP ISHARES RUSSELL MID CAP GROWTH ETF 0.4%

Value ($000) $1,266 Shares 9,242 Est. Cost $49.00 Unrealized —

XBI STATE STREET SPDR S&P BIOTCH ETF 0.1%

Value ($000) $244 Shares 2,000 Est. Cost $100.20 Unrealized —

VEA VANGUARD FTSE DEVELOPED MARKETS ETF 0.3%

Value ($000) $1,001 Shares 16,023 Est. Cost $47.87 Unrealized —

TRS TRIMAS CORP 0.1%

Value ($000) $408 Shares 11,500 Est. Cost $34.47 Unrealized +1.3%

VGT VANGUARD INFORMATION TECHNOLOGY ETF 0.7%

Value ($000) $2,090 Shares 2,773 Est. Cost $586.52 Unrealized —

WVVI WILLAMETTE VY VINEYARD I 0.1%

Value ($000) $167 Shares 54,800 Est. Cost $7.38 Unrealized -57.7%

— RIVERNORTH DOUBLLINE STR 0.1%

Value ($000) $438 Shares 55,109 Est. Cost $8.55 Unrealized —

ACVA ACV AUCTIONS INC CLASS A 0.0%

Value ($000) $134 Shares 16,706 Est. Cost $15.45 Unrealized -47.6%

VV VANGUARD LARGE CAP ETF 0.5%

Value ($000) $1,419 Shares 4,509 Est. Cost $114.92 Unrealized —

HON HONEYWELL INTL INC 0.1%

Value ($000) $389 Shares 1,992 Est. Cost $188.34 Unrealized +3.5%

ACHV Achieve Life 0.0%

Value ($000) $80 Shares 16,130 Est. Cost $2.74 Unrealized +58.8%

GBDC GOLUB CAP BDC INC 1.1%

Value ($000) $3,314 Shares 244,213 Est. Cost $12.01 Unrealized +12.7%

EFA ISHARES MSCI EAFE ETF 0.3%

Value ($000) $981 Shares 10,216 Est. Cost $10.20 Unrealized —

IWC ISHARES MICRO CAP ETF 0.2%

Value ($000) $492 Shares 3,123 Est. Cost $85.31 Unrealized —

LII LENNOX INTL INC 0.1%

Value ($000) $273 Shares 563 Est. Cost $446.79 Unrealized +11.8%

GEV GE VERNOVA INC 0.1%

Value ($000) $334 Shares 511 Est. Cost $415.97 Unrealized +46.4%

WPLCF WISE PLC ORDF 0.0%

Value ($000) $133 Shares 11,116 Est. Cost $12.96 Unrealized -4.1%

— TORTOISE ENERGY INFRASTR 0.1%

Value ($000) $400 Shares 9,770 Est. Cost $43.89 Unrealized —

ACWX ISHARES MSCI ACWI EX US ETF 0.2%

Value ($000) $669 Shares 9,959 Est. Cost $52.16 Unrealized —

SERV SERVE ROBOTICS INC 0.1%

Value ($000) $170 Shares 16,425 Est. Cost $8.79 Unrealized +36.7%

SPHQ INVESCO S&P 500 QUALITY ETF 0.3%

Value ($000) $871 Shares 11,608 Est. Cost $63.78 Unrealized —

QCOM QUALCOMM INC 0.2%

Value ($000) $555 Shares 3,245 Est. Cost $61.92 Unrealized +175.8%

VYM VANGUARD HIGH DIVIDEND YIELD ETF 0.4%

Value ($000) $1,116 Shares 7,778 Est. Cost $112.49 Unrealized —

SCHB SCHWAB US BROAD MARKET ETF 0.3%

Value ($000) $869 Shares 33,125 Est. Cost $21.53 Unrealized —

IWM ISHARES RUSSELL 2000 ETF 0.3%

Value ($000) $1,093 Shares 4,441 Est. Cost $156.00 Unrealized —

ARKG ARK GENOMIC REVOLUTION ETF 0.1%

Value ($000) $378 Shares 13,046 Est. Cost $24.35 Unrealized —

WMB WILLIAMS COS INC 0.1%

Value ($000) $279 Shares 4,645 Est. Cost $37.71 Unrealized +59.3%

CRBU CARIBOU BIOSCIENCES INC 0.0%

Value ($000) $32 Shares 20,000 Est. Cost $0.98 Unrealized +113.4%

ZGN ERMENEGILDO ZEGNA N V F 0.1%

Value ($000) $187 Shares 18,275 Est. Cost $8.17 Unrealized +24.9%

AEP AMERICAN ELEC PWR CO INC 0.2%

Value ($000) $585 Shares 5,075 Est. Cost $76.83 Unrealized +53.2%

MAYS MAYS J W INC 0.1%

Value ($000) $293 Shares 7,326 Est. Cost $44.06 Unrealized -12.8%

VTV VANGUARD VALUE ETF 0.2%

Value ($000) $579 Shares 3,031 Est. Cost $148.33 Unrealized —

PSX PHILLIPS 66 0.1%

Value ($000) $224 Shares 1,738 Est. Cost $109.47 Unrealized +22.4%

CBZ CBIZ INC 0.1%

Value ($000) $227 Shares 4,500 Est. Cost $37.28 Unrealized +41.0%

EPD ENTERPRISE PRODS PART LP 0.1%

Value ($000) $449 Shares 13,993 Est. Cost $29.35 Unrealized —

TRV TRAVELERS COS INC 0.1%

Value ($000) $291 Shares 1,005 Est. Cost $206.72 Unrealized +35.7%

DBEF XTRACKERS MSCI EAFE HDGDEQY ETF 0.1%

Value ($000) $305 Shares 6,331 Est. Cost $33.64 Unrealized —

IXUS iShares Core MSCI Totl Intl STCK ETF 0.1%

Value ($000) $420 Shares 4,962 Est. Cost $82.58 Unrealized —

IJS ISHARES S&P SMALL CAP 600 ETF 0.1%

Value ($000) $367 Shares 3,230 Est. Cost $98.18 Unrealized —

— NUVEEN FLOATING RATE INC 0.1%

Value ($000) $234 Shares 29,858 Est. Cost $8.47 Unrealized —

EMLP FIRST TRUST NORTH AMERICAN ENERG ETF 0.2%

Value ($000) $733 Shares 19,345 Est. Cost $15.30 Unrealized —

INDA ISHARES MSCI INDIA INDEXETF 0.1%

Value ($000) $216 Shares 4,000 Est. Cost $55.68 Unrealized —

VT VANGUARD TOTAL WORLD STOCK ETF 0.1%

Value ($000) $334 Shares 2,364 Est. Cost $200.82 Unrealized —

DCGO DOCGO INC 0.0%

Value ($000) $13 Shares 15,000 Est. Cost $1.86 Unrealized -42.7%

SLRC SLR INVESTMENT CORP 0.1%

Value ($000) $425 Shares 27,520 Est. Cost $9.92 Unrealized +50.4%

OKE ONEOK INC NEW 0.2%

Value ($000) $579 Shares 7,880 Est. Cost $35.60 Unrealized +97.9%

VWO VANGUARD FTSE EMERGING MARKETS ETF 0.2%

Value ($000) $535 Shares 9,948 Est. Cost $41.47 Unrealized —

TFX TELEFLEX INC 0.4%

Value ($000) $1,272 Shares 10,423 Est. Cost $219.77 Unrealized -44.9%

IWS ISHARES RUSSELL MID CAP VALUE ETF 0.1%

Value ($000) $317 Shares 2,246 Est. Cost $132.86 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DCLASS A 0.5%

Value ($000) $1,510 Shares 2 Est. Cost $729330.75 Unrealized +2.3%

— VIRTUS STONE HARBOR EMG 0.0%

Value ($000) $50 Shares 10,000 Est. Cost $5.05 Unrealized —

WULF Terawulf Inc Com 0.0%

Value ($000) $121 Shares 10,525 Est. Cost $7.64 Unrealized +75.4%

CYDY CYTODYN INC 0.0%

Value ($000) $9 Shares 32,500 Est. Cost $0.14 Unrealized +97.0%

ILOW Ab Active Etfs Inc (international Low Volatility Equity Etf) 0.1%

Value ($000) $256 Shares 6,013 Est. Cost $42.52 Unrealized —

IYE ISHARES US ENERGY ETF 0.1%

Value ($000) $261 Shares 5,500 Est. Cost $15.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC CLASS A	16,611	$10,965	3.5%	$195.69	+241.0%	COM	30303M102
LLY	ELI LILLY AND CO	1,768	$1,900	0.6%	$736.58	+29.7%	COM	532457108
KWEB	KRANESHARES CSI CHINA INTERNET ETF	49,020	$1,669	0.5%	$26.25	—	UIE	500767306
ALAB	ASTERA LABS INC	5,182	$862	0.3%	$79.01	+111.7%	COM	04626A103
ILMN	ILLUMINA INC	3,578	$469	0.2%	$81.16	+44.7%	COM	452327109
PH	PARKER-HANNIFIN CORP	1,035	$910	0.3%	$295.40	+176.8%	COM	701094104
JNJ	JOHNSON & JOHNSON	5,592	$1,157	0.4%	$148.60	+32.6%	COM	478160104
GS	GOLDMAN SACHS GROUP INC	1,415	$1,244	0.4%	$408.72	+99.0%	COM	38141G104
CSGS	CSG SYS INTL INC	9,000	$690	0.2%	$46.18	+59.2%	COM	126349109
GDX	VANECK GOLD MINERS ETF	11,752	$1,008	0.3%	$0.03	—	UIE	92189F106
IWB	ISHARES RUSSELL 1000 ETF	11,948	$4,462	1.4%	$328.01	—	UIE	464287622
SPOT	SPOTIFY TECHNOLOGY S A F	860	$499	0.2%	$428.22	+46.0%	FGO	L8681T102
VOT	VANGUARD MID CAP GROWTH ETF	5,020	$1,401	0.4%	$157.25	—	UIE	922908538
BX	BLACKSTONE INC	4,560	$703	0.2%	$93.70	+61.6%	COM	09260D107
—	SABA CAPITAL INCOME OPPO	88,927	$623	0.2%	$8.06	—	CEM	78518H202
KO	THE COCA-COLA CO	16,386	$1,146	0.4%	$46.58	+49.0%	COM	191216100
VIG	VANGUARD DIVIDEND APPRECIATION ETF	13,360	$2,936	0.9%	$195.86	—	UIE	921908844
CAT	CATERPILLAR INC	535	$306	0.1%	$425.39	+30.6%	COM	149123101
KKR	KKR & CO INC	20,273	$2,584	0.8%	$45.16	+175.2%	COM	48251W104
IWP	ISHARES RUSSELL MID CAP GROWTH ETF	9,242	$1,266	0.4%	$49.00	—	UIE	464287481
XBI	STATE STREET SPDR S&P BIOTCH ETF	2,000	$244	0.1%	$100.20	—	UIE	78464A870
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	16,023	$1,001	0.3%	$47.87	—	UIE	921943858
TRS	TRIMAS CORP	11,500	$408	0.1%	$34.47	+1.3%	COM	896215209
VGT	VANGUARD INFORMATION TECHNOLOGY ETF	2,773	$2,090	0.7%	$586.52	—	UIE	92204A702
WVVI	WILLAMETTE VY VINEYARD I	54,800	$167	0.1%	$7.38	-57.7%	COM	969136100
—	RIVERNORTH DOUBLLINE STR	55,109	$438	0.1%	$8.55	—	CEM	76882G107
ACVA	ACV AUCTIONS INC CLASS A	16,706	$134	0.0%	$15.45	-47.6%	COM	00091G104
VV	VANGUARD LARGE CAP ETF	4,509	$1,419	0.5%	$114.92	—	UIE	922908637
HON	HONEYWELL INTL INC	1,992	$389	0.1%	$188.34	+3.5%	COM	438516106
ACHV	Achieve Life	16,130	$80	0.0%	$2.74	+58.8%	COM	004468500
GBDC	GOLUB CAP BDC INC	244,213	$3,314	1.1%	$12.01	+12.7%	COM	38173M102
EFA	ISHARES MSCI EAFE ETF	10,216	$981	0.3%	$10.20	—	UIE	464287465
IWC	ISHARES MICRO CAP ETF	3,123	$492	0.2%	$85.31	—	UIE	464288869
LII	LENNOX INTL INC	563	$273	0.1%	$446.79	+11.8%	COM	526107107
GEV	GE VERNOVA INC	511	$334	0.1%	$415.97	+46.4%	COM	36828A101
WPLCF	WISE PLC ORDF	11,116	$133	0.0%	$12.96	-4.1%	UFO	G97229101
—	TORTOISE ENERGY INFRASTR	9,770	$400	0.1%	$43.89	—	CEM	89147L886
ACWX	ISHARES MSCI ACWI EX US ETF	9,959	$669	0.2%	$52.16	—	UIE	464288240
SERV	SERVE ROBOTICS INC	16,425	$170	0.1%	$8.79	+36.7%	COM	81758H106
SPHQ	INVESCO S&P 500 QUALITY ETF	11,608	$871	0.3%	$63.78	—	UIE	46137V241
QCOM	QUALCOMM INC	3,245	$555	0.2%	$61.92	+175.8%	COM	747525103
VYM	VANGUARD HIGH DIVIDEND YIELD ETF	7,778	$1,116	0.4%	$112.49	—	UIE	921946406
SCHB	SCHWAB US BROAD MARKET ETF	33,125	$869	0.3%	$21.53	—	UIE	808524102
IWM	ISHARES RUSSELL 2000 ETF	4,441	$1,093	0.3%	$156.00	—	UIE	464287655
ARKG	ARK GENOMIC REVOLUTION ETF	13,046	$378	0.1%	$24.35	—	UIE	00214Q302
WMB	WILLIAMS COS INC	4,645	$279	0.1%	$37.71	+59.3%	COM	969457100
CRBU	CARIBOU BIOSCIENCES INC	20,000	$32	0.0%	$0.98	+113.4%	COM	142038108
ZGN	ERMENEGILDO ZEGNA N V F	18,275	$187	0.1%	$8.17	+24.9%	FGO	N30577105
AEP	AMERICAN ELEC PWR CO INC	5,075	$585	0.2%	$76.83	+53.2%	COM	025537101
MAYS	MAYS J W INC	7,326	$293	0.1%	$44.06	-12.8%	COM	578473100
VTV	VANGUARD VALUE ETF	3,031	$579	0.2%	$148.33	—	UIE	922908744
PSX	PHILLIPS 66	1,738	$224	0.1%	$109.47	+22.4%	COM	718546104
CBZ	CBIZ INC	4,500	$227	0.1%	$37.28	+41.0%	COM	124805102
EPD	ENTERPRISE PRODS PART LP	13,993	$449	0.1%	$29.35	—	MLP	293792107
TRV	TRAVELERS COS INC	1,005	$291	0.1%	$206.72	+35.7%	COM	89417E109
DBEF	XTRACKERS MSCI EAFE HDGDEQY ETF	6,331	$305	0.1%	$33.64	—	UIE	233051200
IXUS	iShares Core MSCI Totl Intl STCK ETF	4,962	$420	0.1%	$82.58	—	UIE	46432F834
IJS	ISHARES S&P SMALL CAP 600 ETF	3,230	$367	0.1%	$98.18	—	UIE	464287879
—	NUVEEN FLOATING RATE INC	29,858	$234	0.1%	$8.47	—	CEM	67072T108
EMLP	FIRST TRUST NORTH AMERICAN ENERG ETF	19,345	$733	0.2%	$15.30	—	UIE	33738D101
INDA	ISHARES MSCI INDIA INDEXETF	4,000	$216	0.1%	$55.68	—	UIE	46429B598
VT	VANGUARD TOTAL WORLD STOCK ETF	2,364	$334	0.1%	$200.82	—	UIE	922042742
DCGO	DOCGO INC	15,000	$13	0.0%	$1.86	-42.7%	COM	256086109
SLRC	SLR INVESTMENT CORP	27,520	$425	0.1%	$9.92	+50.4%	COM	83413U100
OKE	ONEOK INC NEW	7,880	$579	0.2%	$35.60	+97.9%	COM	682680103
VWO	VANGUARD FTSE EMERGING MARKETS ETF	9,948	$535	0.2%	$41.47	—	UIE	922042858
TFX	TELEFLEX INC	10,423	$1,272	0.4%	$219.77	-44.9%	COM	879369106
IWS	ISHARES RUSSELL MID CAP VALUE ETF	2,246	$317	0.1%	$132.86	—	UIE	464287473
BRK/A	BERKSHIRE HATHAWAY INC DCLASS A	2	$1,510	0.5%	$729330.75	+2.3%	COM	084670108
—	VIRTUS STONE HARBOR EMG	10,000	$50	0.0%	$5.05	—	CEM	86164T107
WULF	Terawulf Inc Com	10,525	$121	0.0%	$7.64	+75.4%	COM	88080T104
CYDY	CYTODYN INC	32,500	$9	0.0%	$0.14	+97.0%	COM	23283M101
ILOW	Ab Active Etfs Inc (international Low Volatility Equity Etf)	6,013	$256	0.1%	$42.52	—	UIE	00039J822
IYE	ISHARES US ENERGY ETF	5,500	$261	0.1%	$15.31	—	UIE	464287796