Lumbard & Kellner, LLC Diversified Active

CIK: 0001602476 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $285,534 (100.0% shares, 0.0% debt)

Holdings (100)

New Positions (5)

PATH UIPATH INC CL A 1.3%

Value ($000) $3,677 Shares 224,337 Est. Cost $15.56 Unrealized 0.0%

ASIX ADVANSIX INC COM 0.9%

Value ($000) $2,511 Shares 145,128 Est. Cost $17.36 Unrealized 0.0%

ADBE ADOBE INC COM 0.2%

Value ($000) $569 Shares 1,627 Est. Cost $340.09 Unrealized 0.0%

GM GENERAL MTRS CO COM 0.1%

Value ($000) $215 Shares 2,650 Est. Cost $70.40 Unrealized 0.0%

DOV DOVER CORP COM 0.1%

Value ($000) $212 Shares 1,085 Est. Cost $181.83 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PATH	UIPATH INC CL A	224,337	$3,677	1.3%	$15.56	0.0%	Stock	90364P105
ASIX	ADVANSIX INC COM	145,128	$2,511	0.9%	$17.36	0.0%	Stock	00773T101
ADBE	ADOBE INC COM	1,627	$569	0.2%	$340.09	0.0%	Stock	00724F101
GM	GENERAL MTRS CO COM	2,650	$215	0.1%	$70.40	0.0%	Stock	37045V100
DOV	DOVER CORP COM	1,085	$212	0.1%	$181.83	0.0%	Stock	260003108

Increased Positions (11)

RSP INVESCO S&P 500 EQUAL WEIGHT ETF 3.4%

Value ($000) $9,721 (+82.8%) Shares 50,749 (+81.0%) Est. Cost $172.06 Unrealized —

PBR PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR 2.9%

Value ($000) $8,382 (+30.4%) Shares 707,365 (+39.3%) Est. Cost $13.10 Unrealized —

JOE ST JOE CO COM 0.4%

Value ($000) $1,074 (+27.8%) Shares 18,091 (+6.5%) Est. Cost $40.75 Unrealized +37.4%

EWW ISHARES MSCI MEXICO ETF 0.3%

Value ($000) $792 (+24.6%) Shares 11,429 (+22.5%) Est. Cost $62.17 Unrealized —

BBCA JPMORGAN BETABUILDERS CANADA ETF 0.3%

Value ($000) $774 (+25.2%) Shares 8,325 (+17.4%) Est. Cost $82.52 Unrealized —

IVV ISHARES CORE S&P 500 ETF 0.2%

Value ($000) $699 (+7.6%) Shares 1,020 (+5.2%) Est. Cost $502.79 Unrealized —

JPM JPMORGAN CHASE & CO. COM 0.5%

Value ($000) $1,364 (+3.4%) Shares 4,234 (+1.2%) Est. Cost $207.57 Unrealized +49.1%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 0.7%

Value ($000) $2,087 (+2.2%) Shares 4,151 (+2.2%) Est. Cost $295.41 Unrealized +68.4%

XLE STATE STREET ENERGY SELECT SECTOR SPDR ETF 0.2%

Value ($000) $485 (+3.0%) Shares 10,858 (+105.8%) Est. Cost $64.35 Unrealized —

XLK STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF 0.3%

Value ($000) $740 (+1.0%) Shares 5,140 (+97.8%) Est. Cost $185.46 Unrealized —

XLU STATE STREET UTILITIES SELECT SECTOR SPDR ETF 0.2%

Value ($000) $556 (+0.0%) Shares 13,034 (+104.4%) Est. Cost $62.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO S&P 500 EQUAL WEIGHT ETF	50,749 (+81.0%)	$9,721 (+82.8%)	3.4%	$172.06	—	ETF	46137V357
PBR	PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR	707,365 (+39.3%)	$8,382 (+30.4%)	2.9%	$13.10	—	ADR	71654V408
JOE	ST JOE CO COM	18,091 (+6.5%)	$1,074 (+27.8%)	0.4%	$40.75	+37.4%	Stock	790148100
EWW	ISHARES MSCI MEXICO ETF	11,429 (+22.5%)	$792 (+24.6%)	0.3%	$62.17	—	ETF	464286822
BBCA	JPMORGAN BETABUILDERS CANADA ETF	8,325 (+17.4%)	$774 (+25.2%)	0.3%	$82.52	—	ETF	46641Q225
IVV	ISHARES CORE S&P 500 ETF	1,020 (+5.2%)	$699 (+7.6%)	0.2%	$502.79	—	ETF	464287200
JPM	JPMORGAN CHASE & CO. COM	4,234 (+1.2%)	$1,364 (+3.4%)	0.5%	$207.57	+49.1%	Stock	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	4,151 (+2.2%)	$2,087 (+2.2%)	0.7%	$295.41	+68.4%	Stock	084670702
XLE	STATE STREET ENERGY SELECT SECTOR SPDR ETF	10,858 (+105.8%)	$485 (+3.0%)	0.2%	$64.35	—	ETF	81369Y506
XLK	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	5,140 (+97.8%)	$740 (+1.0%)	0.3%	$185.46	—	ETF	81369Y803
XLU	STATE STREET UTILITIES SELECT SECTOR SPDR ETF	13,034 (+104.4%)	$556 (+0.0%)	0.2%	$62.43	—	ETF	81369Y886

Exited Positions (2)

FIVN FIVE9 INC COM 0.7%

Value ($000) $2,131 Shares 88,046 Est. Cost $36.67 Unrealized -42.1%

ADAPY ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADS 0.0%

Value ($000) $15 Shares 114,264 Est. Cost $0.13 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIVN	FIVE9 INC COM	88,046	$2,131	0.7%	$36.67	-42.1%	—	338307101
ADAPY	ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADS	114,264	$15	0.0%	$0.13	—	—	00653A107

Decreased Positions (25)

AMSC AMERICAN SUPERCONDUCTOR CORP SHS NEW 0.7%

Value ($000) $2,048 (-52.4%) Shares 71,161 (-1.8%) Est. Cost $24.58 Unrealized +75.9%

HBM HUDBAY MINERALS INC COM 3.6%

Value ($000) $10,311 (+27.5%) Shares 519,436 (-2.7%) Est. Cost $6.32 Unrealized +167.7%

BIL STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 4.9%

Value ($000) $14,061 (-11.9%) Shares 153,870 (-11.5%) Est. Cost $91.71 Unrealized —

KTOS KRATOS DEFENSE & SEC SOLUTIONS COM NEW 2.8%

Value ($000) $7,934 (-18.0%) Shares 104,513 (-1.2%) Est. Cost $25.89 Unrealized +216.3%

BE BLOOM ENERGY CORP COM CL A 0.5%

Value ($000) $1,536 (-45.7%) Shares 17,679 (-47.2%) Est. Cost $12.45 Unrealized +744.2%

CSCO CISCO SYS INC COM 2.9%

Value ($000) $8,155 (+10.8%) Shares 105,870 (-1.6%) Est. Cost $48.00 Unrealized +53.7%

GS GOLDMAN SACHS GROUP INC COM 3.7%

Value ($000) $10,469 (+7.8%) Shares 11,910 (-2.3%) Est. Cost $201.00 Unrealized +304.7%

SPMD STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF 3.5%

Value ($000) $9,860 (-4.3%) Shares 170,262 (-5.5%) Est. Cost $53.23 Unrealized —

FLKR FRANKLIN FTSE SOUTH KOREA ETF 1.1%

Value ($000) $3,094 (+16.3%) Shares 96,548 (-2.1%) Est. Cost $26.99 Unrealized —

AMD ADVANCED MICRO DEVICES INC COM 1.7%

Value ($000) $4,835 (-7.5%) Shares 22,578 (-30.1%) Est. Cost $111.19 Unrealized +102.0%

GPRE GREEN PLAINS INC COM 1.6%

Value ($000) $4,498 (+8.8%) Shares 458,930 (-2.4%) Est. Cost $11.80 Unrealized -14.7%

VYMI VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF 2.5%

Value ($000) $7,118 (+4.9%) Shares 79,084 (-1.3%) Est. Cost $63.31 Unrealized —

KMI KINDER MORGAN INC DEL COM 2.4%

Value ($000) $6,743 (-4.1%) Shares 245,298 (-1.2%) Est. Cost $11.01 Unrealized +144.3%

SGOV ISHARES 0-3 MONTH TREASURY BOND ETF 0.3%

Value ($000) $845 (-19.4%) Shares 8,420 (-19.2%) Est. Cost $100.67 Unrealized —

PRU PRUDENTIAL FINL INC COM 1.0%

Value ($000) $2,898 (+7.5%) Shares 25,674 (-1.2%) Est. Cost $55.18 Unrealized +93.0%

SCHO SCHWAB SHORT-TERM US TREASURY ETF 0.3%

Value ($000) $852 (-18.8%) Shares 34,964 (-18.7%) Est. Cost $24.34 Unrealized —

UTI UNIVERSAL TECHNICAL INST INC COM 0.2%

Value ($000) $633 (-21.7%) Shares 24,221 (-2.4%) Est. Cost $30.90 Unrealized -8.4%

JBL JABIL INC COM 1.5%

Value ($000) $4,384 (+3.9%) Shares 19,228 (-1.0%) Est. Cost $161.93 Unrealized +31.7%

CLIP GLOBAL X 1-3 MONTH T-BILL ETF 0.8%

Value ($000) $2,309 (-4.0%) Shares 23,060 (-3.7%) Est. Cost $100.23 Unrealized —

MTRN MATERION CORP COM 2.2%

Value ($000) $6,407 (+1.4%) Shares 51,535 (-1.4%) Est. Cost $78.87 Unrealized +56.3%

FSLR FIRST SOLAR INC COM 3.3%

Value ($000) $9,466 (+0.9%) Shares 36,236 (-14.8%) Est. Cost $185.60 Unrealized +35.9%

FLBR FRANKLIN FTSE BRAZIL ETF 1.7%

Value ($000) $4,930 (-1.2%) Shares 258,770 (-1.2%) Est. Cost $20.26 Unrealized —

AAPL APPLE INC COM 1.1%

Value ($000) $3,102 (-1.8%) Shares 11,409 (-8.0%) Est. Cost $131.34 Unrealized +104.3%

CIEN CIENA CORP COM NEW 0.1%

Value ($000) $291 (+15.5%) Shares 1,245 (-28.1%) Est. Cost $101.84 Unrealized +90.5%

XOM EXXON MOBIL CORP COM 0.3%

Value ($000) $942 (-2.3%) Shares 7,826 (-8.4%) Est. Cost $62.05 Unrealized +86.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMSC	AMERICAN SUPERCONDUCTOR CORP SHS NEW	71,161 (-1.8%)	$2,048 (-52.4%)	0.7%	$24.58	+75.9%	Stock	030111207
HBM	HUDBAY MINERALS INC COM	519,436 (-2.7%)	$10,311 (+27.5%)	3.6%	$6.32	+167.7%	Stock	443628102
BIL	STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	153,870 (-11.5%)	$14,061 (-11.9%)	4.9%	$91.71	—	ETF	78468R663
KTOS	KRATOS DEFENSE & SEC SOLUTIONS COM NEW	104,513 (-1.2%)	$7,934 (-18.0%)	2.8%	$25.89	+216.3%	Stock	50077B207
BE	BLOOM ENERGY CORP COM CL A	17,679 (-47.2%)	$1,536 (-45.7%)	0.5%	$12.45	+744.2%	Stock	093712107
CSCO	CISCO SYS INC COM	105,870 (-1.6%)	$8,155 (+10.8%)	2.9%	$48.00	+53.7%	Stock	17275R102
GS	GOLDMAN SACHS GROUP INC COM	11,910 (-2.3%)	$10,469 (+7.8%)	3.7%	$201.00	+304.7%	Stock	38141G104
SPMD	STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	170,262 (-5.5%)	$9,860 (-4.3%)	3.5%	$53.23	—	ETF	78464A847
FLKR	FRANKLIN FTSE SOUTH KOREA ETF	96,548 (-2.1%)	$3,094 (+16.3%)	1.1%	$26.99	—	ETF	35473P710
AMD	ADVANCED MICRO DEVICES INC COM	22,578 (-30.1%)	$4,835 (-7.5%)	1.7%	$111.19	+102.0%	Stock	007903107
GPRE	GREEN PLAINS INC COM	458,930 (-2.4%)	$4,498 (+8.8%)	1.6%	$11.80	-14.7%	Stock	393222104
VYMI	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	79,084 (-1.3%)	$7,118 (+4.9%)	2.5%	$63.31	—	ETF	921946794
KMI	KINDER MORGAN INC DEL COM	245,298 (-1.2%)	$6,743 (-4.1%)	2.4%	$11.01	+144.3%	Stock	49456B101
SGOV	ISHARES 0-3 MONTH TREASURY BOND ETF	8,420 (-19.2%)	$845 (-19.4%)	0.3%	$100.67	—	ETF	46436E718
PRU	PRUDENTIAL FINL INC COM	25,674 (-1.2%)	$2,898 (+7.5%)	1.0%	$55.18	+93.0%	Stock	744320102
SCHO	SCHWAB SHORT-TERM US TREASURY ETF	34,964 (-18.7%)	$852 (-18.8%)	0.3%	$24.34	—	ETF	808524862
UTI	UNIVERSAL TECHNICAL INST INC COM	24,221 (-2.4%)	$633 (-21.7%)	0.2%	$30.90	-8.4%	Stock	913915104
JBL	JABIL INC COM	19,228 (-1.0%)	$4,384 (+3.9%)	1.5%	$161.93	+31.7%	Stock	466313103
CLIP	GLOBAL X 1-3 MONTH T-BILL ETF	23,060 (-3.7%)	$2,309 (-4.0%)	0.8%	$100.23	—	ETF	37960A438
MTRN	MATERION CORP COM	51,535 (-1.4%)	$6,407 (+1.4%)	2.2%	$78.87	+56.3%	Stock	576690101
FSLR	FIRST SOLAR INC COM	36,236 (-14.8%)	$9,466 (+0.9%)	3.3%	$185.60	+35.9%	Stock	336433107
FLBR	FRANKLIN FTSE BRAZIL ETF	258,770 (-1.2%)	$4,930 (-1.2%)	1.7%	$20.26	—	ETF	35473P835
AAPL	APPLE INC COM	11,409 (-8.0%)	$3,102 (-1.8%)	1.1%	$131.34	+104.3%	Stock	037833100
CIEN	CIENA CORP COM NEW	1,245 (-28.1%)	$291 (+15.5%)	0.1%	$101.84	+90.5%	Stock	171779309
XOM	EXXON MOBIL CORP COM	7,826 (-8.4%)	$942 (-2.3%)	0.3%	$62.05	+86.1%	Stock	30231G102

Unchanged Positions (59)

GOOG ALPHABET INC CAP STK CL C 5.3%

Value ($000) $15,149 Shares 48,276 Est. Cost $115.03 Unrealized +148.9%

ENS ENERSYS COM 2.3%

Value ($000) $6,476 Shares 44,132 Est. Cost $86.63 Unrealized +54.0%

FRDM FREEDOM 100 EMERGING MARKETS ETF 2.7%

Value ($000) $7,843 Shares 152,982 Est. Cost $37.02 Unrealized —

ETON ETON PHARMACEUTICALS INC COM 1.0%

Value ($000) $2,958 Shares 174,944 Est. Cost $16.59 Unrealized +6.0%

LLY ELI LILLY & CO COM 0.9%

Value ($000) $2,708 Shares 2,520 Est. Cost $50.99 Unrealized +1774.1%

PRIM PRIMORIS SVCS CORP COM 1.8%

Value ($000) $5,130 Shares 41,322 Est. Cost $71.85 Unrealized +81.7%

MET METLIFE INC COM 2.9%

Value ($000) $8,420 Shares 106,660 Est. Cost $33.02 Unrealized +139.0%

NOC NORTHROP GRUMMAN CORP COM 1.8%

Value ($000) $5,025 Shares 8,813 Est. Cost $371.15 Unrealized +56.0%

MSFT MICROSOFT CORP COM 1.8%

Value ($000) $5,054 Shares 10,451 Est. Cost $202.50 Unrealized +147.2%

ORCL ORACLE CORP COM 0.3%

Value ($000) $746 Shares 3,828 Est. Cost $122.57 Unrealized +94.2%

AMZN AMAZON COM INC COM 2.3%

Value ($000) $6,511 Shares 28,207 Est. Cost $215.56 Unrealized +6.1%

AMAT APPLIED MATLS INC COM 0.5%

Value ($000) $1,375 Shares 5,350 Est. Cost $43.15 Unrealized +455.1%

EIDO ISHARES MSCI INDONESIA ETF 1.3%

Value ($000) $3,752 Shares 200,651 Est. Cost $21.81 Unrealized —

LMT LOCKHEED MARTIN CORP COM 1.8%

Value ($000) $5,220 Shares 10,792 Est. Cost $377.78 Unrealized +26.0%

FLIN FRANKLIN FTSE INDIA ETF 1.4%

Value ($000) $3,896 Shares 100,969 Est. Cost $37.29 Unrealized —

SNOW SNOWFLAKE INC COM SHS 1.3%

Value ($000) $3,792 Shares 17,288 Est. Cost $169.70 Unrealized +43.8%

GLD SPDR GOLD SHARES 0.4%

Value ($000) $1,145 Shares 2,889 Est. Cost $333.72 Unrealized —

GDX VANECK GOLD MINERS ETF 0.3%

Value ($000) $916 Shares 10,684 Est. Cost $76.40 Unrealized —

MRK MERCK & CO INC COM 0.2%

Value ($000) $492 Shares 4,671 Est. Cost $38.76 Unrealized +140.5%

STNG SCORPIO TANKERS INC SHS 0.3%

Value ($000) $967 Shares 19,020 Est. Cost $12.44 Unrealized —

VEU VANGUARD FTSE ALL-WORLD EX-US INDEX FUND 1.1%

Value ($000) $3,064 Shares 41,659 Est. Cost $59.50 Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR 0.3%

Value ($000) $787 Shares 23,831 Est. Cost $25.35 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ETF 1.3%

Value ($000) $3,695 Shares 11,020 Est. Cost $191.19 Unrealized —

RTX RTX CORPORATION COM 0.2%

Value ($000) $685 Shares 3,734 Est. Cost $92.90 Unrealized +86.6%

HON HONEYWELL INTL INC COM 0.2%

Value ($000) $657 Shares 3,368 Est. Cost $73.12 Unrealized +166.7%

HD HOME DEPOT INC COM 0.1%

Value ($000) $288 Shares 838 Est. Cost $395.34 Unrealized -7.8%

HROW HARROW INC COM 1.5%

Value ($000) $4,327 Shares 88,312 Est. Cost $37.67 Unrealized +11.4%

SPY SPDR S&P 500 ETF TRUST 0.7%

Value ($000) $1,999 Shares 2,932 Est. Cost $364.50 Unrealized —

WELL WELLTOWER INC COM 0.4%

Value ($000) $1,020 Shares 5,496 Est. Cost $59.61 Unrealized +212.8%

PYPD POLYPID LTD COM 0.1%

Value ($000) $166 Shares 38,200 Est. Cost $2.93 Unrealized +26.8%

INTC INTEL CORP COM 0.1%

Value ($000) $392 Shares 10,615 Est. Cost $24.23 Unrealized +55.9%

META META PLATFORMS INC CL A 0.1%

Value ($000) $309 Shares 468 Est. Cost $743.23 Unrealized -10.2%

AXP AMERICAN EXPRESS CO COM 0.1%

Value ($000) $322 Shares 870 Est. Cost $227.31 Unrealized +57.0%

JNJ JOHNSON & JOHNSON COM 0.1%

Value ($000) $298 Shares 1,440 Est. Cost $144.34 Unrealized +36.5%

UNH UNITEDHEALTH GROUP INC COM 0.2%

Value ($000) $696 Shares 2,108 Est. Cost $464.98 Unrealized -27.5%

SPDW SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF 0.3%

Value ($000) $772 Shares 17,381 Est. Cost $37.48 Unrealized —

SPTM STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF 0.4%

Value ($000) $1,182 Shares 14,330 Est. Cost $76.02 Unrealized —

QQQ INVESCO QQQ TRUST SERIES I 0.4%

Value ($000) $1,146 Shares 1,865 Est. Cost $383.49 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 0.1%

Value ($000) $286 Shares 941 Est. Cost $279.29 Unrealized —

GILD GILEAD SCIENCES INC COM 0.1%

Value ($000) $241 Shares 1,960 Est. Cost $100.53 Unrealized +20.2%

KEY KEYCORP COM 0.1%

Value ($000) $237 Shares 11,500 Est. Cost $9.75 Unrealized +89.7%

VTV VANGUARD VALUE ETF 0.3%

Value ($000) $935 Shares 4,893 Est. Cost $136.69 Unrealized —

KRE STATE STREET SPDR S&P REGIONAL BANKING ETF 0.3%

Value ($000) $771 Shares 11,897 Est. Cost $61.61 Unrealized —

GEV GE VERNOVA INC COM 0.1%

Value ($000) $338 Shares 517 Est. Cost $415.97 Unrealized +46.4%

VT VANGUARD TOTAL WORLD STOCK ETF 0.3%

Value ($000) $834 Shares 5,914 Est. Cost $102.88 Unrealized —

CMCSA COMCAST CORP NEW CL A 0.1%

Value ($000) $326 Shares 10,913 Est. Cost $33.48 Unrealized -14.8%

NEE NEXTERA ENERGY INC COM 0.1%

Value ($000) $245 Shares 3,052 Est. Cost $72.21 Unrealized +14.2%

GE GE AEROSPACE COM NEW 0.2%

Value ($000) $611 Shares 1,983 Est. Cost $65.91 Unrealized +356.4%

IBM INTERNATIONAL BUSINESS MACHS COM 0.1%

Value ($000) $281 Shares 950 Est. Cost $188.97 Unrealized +58.1%

NI NISOURCE INC COM 0.1%

Value ($000) $334 Shares 8,000 Est. Cost $24.04 Unrealized +77.3%

FE FIRSTENERGY CORP COM 0.1%

Value ($000) $425 Shares 9,485 Est. Cost $33.38 Unrealized +37.0%

PEP PEPSICO INC COM 0.1%

Value ($000) $379 Shares 2,640 Est. Cost $60.01 Unrealized +143.1%

VUG VANGUARD GROWTH ETF 0.1%

Value ($000) $293 Shares 600 Est. Cost $383.93 Unrealized —

PM PHILIP MORRIS INTL INC COM 0.1%

Value ($000) $305 Shares 1,900 Est. Cost $109.82 Unrealized +39.8%

BRK/A BERKSHIRE HATHAWAY INC DEL CL A 1.3%

Value ($000) $3,774 Shares 5 Est. Cost $536752.94 Unrealized +39.1%

MDY SPDR S&P MIDCAP 400 ETF TRUST 0.1%

Value ($000) $217 Shares 360 Est. Cost $566.48 Unrealized —

WM WASTE MGMT INC DEL COM 0.1%

Value ($000) $209 Shares 950 Est. Cost $218.39 Unrealized -2.7%

QABA FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND 1.1%

Value ($000) $3,244 Shares 57,243 Est. Cost $52.28 Unrealized —

SPTS STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF 0.1%

Value ($000) $290 Shares 9,900 Est. Cost $29.24 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC CAP STK CL C	48,276	$15,149	5.3%	$115.03	+148.9%	Stock	02079K107
ENS	ENERSYS COM	44,132	$6,476	2.3%	$86.63	+54.0%	Stock	29275Y102
FRDM	FREEDOM 100 EMERGING MARKETS ETF	152,982	$7,843	2.7%	$37.02	—	ETF	02072L607
ETON	ETON PHARMACEUTICALS INC COM	174,944	$2,958	1.0%	$16.59	+6.0%	Stock	29772L108
LLY	ELI LILLY & CO COM	2,520	$2,708	0.9%	$50.99	+1774.1%	Stock	532457108
PRIM	PRIMORIS SVCS CORP COM	41,322	$5,130	1.8%	$71.85	+81.7%	Stock	74164F103
MET	METLIFE INC COM	106,660	$8,420	2.9%	$33.02	+139.0%	Stock	59156R108
NOC	NORTHROP GRUMMAN CORP COM	8,813	$5,025	1.8%	$371.15	+56.0%	Stock	666807102
MSFT	MICROSOFT CORP COM	10,451	$5,054	1.8%	$202.50	+147.2%	Stock	594918104
ORCL	ORACLE CORP COM	3,828	$746	0.3%	$122.57	+94.2%	Stock	68389X105
AMZN	AMAZON COM INC COM	28,207	$6,511	2.3%	$215.56	+6.1%	Stock	023135106
AMAT	APPLIED MATLS INC COM	5,350	$1,375	0.5%	$43.15	+455.1%	Stock	038222105
EIDO	ISHARES MSCI INDONESIA ETF	200,651	$3,752	1.3%	$21.81	—	ETF	46429B309
LMT	LOCKHEED MARTIN CORP COM	10,792	$5,220	1.8%	$377.78	+26.0%	Stock	539830109
FLIN	FRANKLIN FTSE INDIA ETF	100,969	$3,896	1.4%	$37.29	—	ETF	35473P769
SNOW	SNOWFLAKE INC COM SHS	17,288	$3,792	1.3%	$169.70	+43.8%	Stock	833445109
GLD	SPDR GOLD SHARES	2,889	$1,145	0.4%	$333.72	—	ETF	78463V107
GDX	VANECK GOLD MINERS ETF	10,684	$916	0.3%	$76.40	—	ETF	92189F106
MRK	MERCK & CO INC COM	4,671	$492	0.2%	$38.76	+140.5%	Stock	58933Y105
STNG	SCORPIO TANKERS INC SHS	19,020	$967	0.3%	$12.44	—	Stock	Y7542C130
VEU	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	41,659	$3,064	1.1%	$59.50	—	ETF	922042775
PHYS	SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR	23,831	$787	0.3%	$25.35	—	CEF	85207H104
VTI	VANGUARD TOTAL STOCK MARKET ETF	11,020	$3,695	1.3%	$191.19	—	ETF	922908769
RTX	RTX CORPORATION COM	3,734	$685	0.2%	$92.90	+86.6%	Stock	75513E101
HON	HONEYWELL INTL INC COM	3,368	$657	0.2%	$73.12	+166.7%	Stock	438516106
HD	HOME DEPOT INC COM	838	$288	0.1%	$395.34	-7.8%	Stock	437076102
HROW	HARROW INC COM	88,312	$4,327	1.5%	$37.67	+11.4%	Stock	415858109
SPY	SPDR S&P 500 ETF TRUST	2,932	$1,999	0.7%	$364.50	—	ETF	78462F103
WELL	WELLTOWER INC COM	5,496	$1,020	0.4%	$59.61	+212.8%	REIT	95040Q104
PYPD	POLYPID LTD COM	38,200	$166	0.1%	$2.93	+26.8%	Stock	M8001Q126
INTC	INTEL CORP COM	10,615	$392	0.1%	$24.23	+55.9%	Stock	458140100
META	META PLATFORMS INC CL A	468	$309	0.1%	$743.23	-10.2%	Stock	30303M102
AXP	AMERICAN EXPRESS CO COM	870	$322	0.1%	$227.31	+57.0%	Stock	025816109
JNJ	JOHNSON & JOHNSON COM	1,440	$298	0.1%	$144.34	+36.5%	Stock	478160104
UNH	UNITEDHEALTH GROUP INC COM	2,108	$696	0.2%	$464.98	-27.5%	Stock	91324P102
SPDW	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	17,381	$772	0.3%	$37.48	—	ETF	78463X889
SPTM	STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	14,330	$1,182	0.4%	$76.02	—	ETF	78464A805
QQQ	INVESCO QQQ TRUST SERIES I	1,865	$1,146	0.4%	$383.49	—	ETF	46090E103
TSM	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	941	$286	0.1%	$279.29	—	ADR	874039100
GILD	GILEAD SCIENCES INC COM	1,960	$241	0.1%	$100.53	+20.2%	Stock	375558103
KEY	KEYCORP COM	11,500	$237	0.1%	$9.75	+89.7%	Stock	493267108
VTV	VANGUARD VALUE ETF	4,893	$935	0.3%	$136.69	—	ETF	922908744
KRE	STATE STREET SPDR S&P REGIONAL BANKING ETF	11,897	$771	0.3%	$61.61	—	ETF	78464A698
GEV	GE VERNOVA INC COM	517	$338	0.1%	$415.97	+46.4%	Stock	36828A101
VT	VANGUARD TOTAL WORLD STOCK ETF	5,914	$834	0.3%	$102.88	—	ETF	922042742
CMCSA	COMCAST CORP NEW CL A	10,913	$326	0.1%	$33.48	-14.8%	Stock	20030N101
NEE	NEXTERA ENERGY INC COM	3,052	$245	0.1%	$72.21	+14.2%	Stock	65339F101
GE	GE AEROSPACE COM NEW	1,983	$611	0.2%	$65.91	+356.4%	Stock	369604301
IBM	INTERNATIONAL BUSINESS MACHS COM	950	$281	0.1%	$188.97	+58.1%	Stock	459200101
NI	NISOURCE INC COM	8,000	$334	0.1%	$24.04	+77.3%	Stock	65473P105
FE	FIRSTENERGY CORP COM	9,485	$425	0.1%	$33.38	+37.0%	Stock	337932107
PEP	PEPSICO INC COM	2,640	$379	0.1%	$60.01	+143.1%	Stock	713448108
VUG	VANGUARD GROWTH ETF	600	$293	0.1%	$383.93	—	ETF	922908736
PM	PHILIP MORRIS INTL INC COM	1,900	$305	0.1%	$109.82	+39.8%	Stock	718172109
BRK/A	BERKSHIRE HATHAWAY INC DEL CL A	5	$3,774	1.3%	$536752.94	+39.1%	Stock	084670108
MDY	SPDR S&P MIDCAP 400 ETF TRUST	360	$217	0.1%	$566.48	—	ETF	78467Y107
WM	WASTE MGMT INC DEL COM	950	$209	0.1%	$218.39	-2.7%	Stock	94106L109
QABA	FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND	57,243	$3,244	1.1%	$52.28	—	ETF	33736Q104
SPTS	STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF	9,900	$290	0.1%	$29.24	—	ETF	78468R101