Capital Wealth Alliance, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSLV	SPROTT PHYSICAL SILVER TR TR UNIT	1,851,177	$12,253	10.2%	$7.68	—	TR UNIT	85207K107
PHYS	SPROTT PHYSICAL GOLD TR UNIT	826,742	$10,582	8.8%	$13.07	—	UNIT	85207H104
ABT	ABBOTT LABS	73,011	$7,064	5.9%	$75.30	+32.8%	COM	002824100
AFIF	ANFIELD UNIVERSAL FIXED INCOME ETF	546,605	$4,725	3.9%	$9.65	—	ANFIELD UNVL ETF	90214Q766
IWB	ISHARES RUSSELL 1000 ETF	18,816	$3,722	3.1%	$188.06	—	RUS 1000 ETF	464287622
AAPL	APPLE INCORPORATED	23,813	$3,298	2.7%	$105.41	+46.4%	COM	037833100
ABBV	ABBVIE INCORPORATED	24,153	$3,241	2.7%	$65.39	+94.4%	COM	00287Y109
AESR	ANFIELD U.S. EQUITY SECTOR ROTATION ETF	285,119	$3,023	2.5%	$9.69	—	ANFIELD US EQU	90214Q733
BRK/B	BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW	10,772	$2,876	2.4%	$212.76	+33.7%	CL B NEW	084670702
UGA	UNITED STATES GASOLINE FUND, LP	51,297	$2,705	2.2%	$46.16	—	UNITS	91201T102
GDX	VANECK GOLD MINERS ETF	107,279	$2,586	2.1%	$30.89	—	GOLD MINERS ETF	92189F106
—	ELEMENTS ROGERS INTERNATIONAL COMMODITY INDEX - AGRICULTURE TOTAL RETURN ETN	281,202	$2,558	2.1%	$8.58	—	ROG AGRI ETN22	870297603
OUNZ	VANECK MERK GOLD TRUST	154,989	$2,499	2.1%	$15.79	—	GOLD TRUST	921078101
—	GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT	699,867	$2,470	2.0%	$3.91	—	COM SH BEN INT	36465A109
XLE	SPDR ENERGY SELECT SECTOR FUND	32,809	$2,362	2.0%	$74.43	—	ENERGY	81369Y506
IWM	ISHARES RUSSELL 2000 ETF	12,619	$2,087	1.7%	$167.69	—	RUSSELL 2000 ETF	464287655
SPHD	INVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETF	50,544	$1,979	1.6%	$41.68	—	S&P500 HDL VOL	46138E362
TIPX	SPDR BLOOMBERG 1-10 YEAR TIPS ETF	103,632	$1,887	1.6%	$20.30	—	BLOOMBERG 1 10 Y	78468R861
CEF	SPROTT PHYSICAL GOLD & SILVER TR UNIT	120,639	$1,878	1.6%	$16.63	—	TR UNIT	85208R101
VNQ	VANGUARD REAL ESTATE ETF	21,356	$1,714	1.4%	$93.82	—	REAL ESTATE ETF	922908553
IWP	ISHARES RUSSELL MID CAP GROWTH ETF	18,910	$1,493	1.2%	$114.54	—	RUS MD CP GR ETF	464287481
ACTG	ACACIA RESH CORPORATION ACACIA TCH COM	348,894	$1,409	1.2%	$3.44	+34.2%	ACACIA TCH COM	003881307
DBA	INVESCO DB AGRICULTURE FUND	67,666	$1,354	1.1%	$20.01	—	AGRICULTURE FD	46140H106
FTGC	FIRST TRUST GLOBAL TACTICAL COMMODITY STRATEGY FUND	46,982	$1,191	1.0%	$25.80	—	FST TR GLB FD	33739H101
RSP	INVESCO S&P 500 EQUAL WEIGHT ETF	8,449	$1,076	0.9%	$144.18	—	S&P500 EQL WGT	46137V357
QQQ	INVESCO QQQ	3,956	$1,058	0.9%	$345.32	—	UNIT SER 1	46090E103
VTV	VANGUARD VALUE ETF	7,988	$986	0.8%	$144.13	—	VALUE ETF	922908744
EFA	ISHARES MSCI EAFE ETF	17,330	$969	0.8%	$71.74	—	MSCI EAFE ETF	464287465
TSLA	TESLA INCORPORATED	3,593	$953	0.8%	$241.22	+15.8%	COM	88160R101
PIO	INVESCO GLOBAL WATER RESOURCES ETF	33,095	$950	0.8%	$38.42	—	GLOBAL WATER	46138E651
FTSM	FIRST TRUST ETF IV FIRST TRUST ENHANCED SHORT	15,782	$936	0.8%	$60.10	—	FIRST TR ENH NEW	33739Q408
RSPN	INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF	5,614	$869	0.7%	$190.19	—	S&P500 EQL IND	46137V324
AMZN	AMAZON COM INCORPORATED	7,580	$857	0.7%	$125.71	+0.5%	COM	023135106
FTRI	FIRST TRUST INDXX GLOBAL NATURAL RESOURCES INCOME ETF	70,136	$856	0.7%	$13.29	—	INDXX NAT RE ETF	33734X838
MSTR	MICROSTRATEGY INCORPORATED CLASS A NEW	3,983	$845	0.7%	$28.99	-13.5%	CL A NEW	594972408
MSFT	MICROSOFT CORPORATION	3,565	$830	0.7%	$164.33	+56.3%	COM	594918104
MUB	ISHARES TR NATIONAL MUN ETF	7,299	$748	0.6%	$115.36	—	NATIONAL MUN ETF	464288414
FXL	FIRST TRUST TECHNOLOGY ALPHADEX FUND	8,164	$709	0.6%	$79.92	—	TECH ALPHADEX	33734X176
AIRR	FIRST TRUST RBA AMERICAN INDUSTRIAL RENAISSANCE ETF	18,093	$691	0.6%	$40.58	—	RBA INDL ETF	33738R704
PDP	INVESCO DWA MOMENTUM ETF	9,698	$655	0.5%	$74.03	—	DWA MOMENTUM	46137V837
LII	LENNOX INTERNATIONAL INCORPORATED	2,900	$645	0.5%	$229.90	-0.3%	COM	526107107
TFLO	ISHARES TR TRS FLT RT BD	12,534	$632	0.5%	$50.33	—	TRS FLT RT BD	46434V860
AVUV	AVANTIS U.S. SMALL CAP VALUE ETF	9,432	$623	0.5%	$78.33	—	US SML CP VALU	025072877
RSPT	INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF	2,643	$598	0.5%	$294.48	—	S&P500 EQL TEC	46137V282
—	NUVEEN CR STRATEGIES INCOME FD COM SHS	111,186	$568	0.5%	$6.11	—	COM SHS	67073D102
PDBC	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF	34,975	$565	0.5%	$17.64	—	OPTIMUM YIELD	46090F100
TIP	ISHARES TR TIPS BD ETF	5,332	$559	0.5%	$122.47	—	TIPS BD ETF	464287176
IYG	ISHARES TR U.S. FIN SVC ETF	3,901	$552	0.5%	$150.36	—	U.S. FIN SVC ETF	464287770
—	INVESCO MUN OPPORTUNITY TR	58,254	$529	0.4%	$12.69	—	COM	46132C107
RSPG	INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF	8,104	$494	0.4%	$67.18	—	S&P500 EQL ENR	46137V365
COST	COSTCO WHOLESALE CORPORATION NEW	1,038	$490	0.4%	$484.91	+2.7%	COM	22160K105
IGE	ISHARES TR NORTH AMERN NAT	14,085	$489	0.4%	$35.98	—	NORTH AMERN NAT	464287374
DHS	WISDOMTREE U.S. HIGH DIVIDEND FUND	6,435	$487	0.4%	$82.21	—	US HIGH DIVIDEND	97717W208
—	ANFIELD DIVERSIFIED ALTERNATIVES ETF	58,614	$484	0.4%	$8.08	—	ANFIELD DIVERSIF	90213U115
—	FRANKLIN LIMITED DURATION INCOME T	78,285	$483	0.4%	$8.48	—	COM	35472T101
RPV	INVESCO S&P 500 PURE VALUE ETF	6,919	$483	0.4%	$83.76	—	S&P500 PUR VAL	46137V258
FLOT	ISHARES TR FLTG RATE NT ETF	9,478	$476	0.4%	$49.86	—	FLTG RATE NT ETF	46429B655
FXZ	FIRST TRUST MATERIALS ALPHADEX FUND	9,151	$474	0.4%	$55.19	—	MATERIALS ALPH	33734X168
JNJ	JOHNSON & JOHNSON	2,843	$464	0.4%	$120.06	+27.4%	COM	478160104
FXH	FIRST TRUST HEALTH CARE ALPHADEX FUND	4,468	$435	0.4%	$94.77	—	HLTH CARE ALPH	33734X143
XLG	INVESCO S&P 500 TOP 50 ETF	1,554	$418	0.3%	$344.78	—	S&P 500 TOP 50	46137V233
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	8,613	$414	0.3%	$49.09	—	STRM INFPROIDX	922020805
USMV	ISHARES TR MSCI USA MIN VOL	6,161	$407	0.3%	$62.24	—	MSCI USA MIN VOL	46429B697
BRK/A	BERKSHIRE HATHAWAY INCORPORATED DEL CLASS A	1	$406	0.3%	$274034.30	+56.2%	CL A	084670108
PSI	INVESCO DYNAMIC SEMICONDUCTORS ETF	4,440	$399	0.3%	$71.00	—	DYNMC SEMICNDT	46137V647
HAP	VANECK NATURAL RESOURCES ETF	9,149	$396	0.3%	$54.73	—	NATURAL RESOURC	92189F841
XME	SPDR S&P METALS & MINING ETF	9,250	$393	0.3%	$39.47	—	S&P METALS MNG	78464A755
DWAS	INVESCO DWA SMALLCAP MOMENTUM ETF	5,725	$392	0.3%	$85.02	—	DWA SMLCP MENT	46138E842
QTEC	FIRST TRUST NASDAQ-100 TECHNOLOGY INDEX FUND	3,590	$376	0.3%	$107.57	—	SHS	337345102
XBI	SPDR S&P BIOTECH ETF	4,653	$369	0.3%	$79.30	—	S&P BIOTECH	78464A870
GOOGL	ALPHABET INCORPORATED CAP STK CLASS A	3,743	$358	0.3%	$111.17	-1.0%	CAP STK CL A	02079K305
SCHD	SCHWAB US DIVIDEND EQUITY ETF	5,356	$357	0.3%	$66.65	—	US DIVIDEND EQ	808524797
FXD	FIRST TRUST CONSUMER DISCRETIONARY ALPHADEX FUND	8,293	$356	0.3%	$56.85	—	CONSUMR DISCRE	33734X101
SCZ	ISHARES MSCI EAFE SMALL CAP ETF	7,054	$343	0.3%	$60.50	—	EAFE SML CP ETF	464288273
PGX	INVESCO PREFERRED ETF	28,608	$339	0.3%	$15.01	—	PFD ETF	46138E511
—	CORNERSTONE STRATEGIC VALUE FD	39,177	$335	0.3%	$10.94	—	COM	21924B302
VCR	VANGUARD CONSUMER DISCRETIONARY ETF	1,389	$326	0.3%	$265.73	—	CONSUM DIS ETF	92204A108
DIS	WALT DISNEY CO	3,397	$323	0.3%	$130.44	-19.8%	COM	254687106
RCL	ROYAL CARIBBEAN GROUP	8,394	$318	0.3%	$57.86	-31.2%	COM	V7780T103
FXO	FIRST TRUST FINANCIALS ALPHADEX FUND	8,631	$317	0.3%	$41.56	—	FINLS ALPHADEX	33734X135
BA	BOEING COMPANY	2,558	$310	0.3%	$161.50	-5.0%	COM	097023105
SUB	ISHARES TR SHRT NAT MUN ETF	2,926	$300	0.2%	$107.27	—	SHRT NAT MUN ETF	464288158
CVX	CHEVRON CORPORATION NEW	2,061	$296	0.2%	$84.81	+56.6%	COM	166764100
DIA	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	1,015	$291	0.2%	$304.77	—	UT SER 1	78467X109
VBK	VANGUARD SMALL-CAP GROWTH ETF	1,482	$289	0.2%	$216.85	—	SML CP GRW ETF	922908595
NCLH	NORWEGIAN CRUISE LINE HLDG LIMITED SHS	24,962	$283	0.2%	$15.83	-16.8%	SHS	G66721104
CWST	CASELLA WASTE SYSTEMS INCORPORATED CLASS A	3,600	$275	0.2%	$54.72	+46.5%	CL A	147448104
FLRN	SPDR BLOOMBERG INVESTMENT GRADE FLOATING	8,988	$272	0.2%	$30.32	—	BLOOMBERG INVT	78468R200
SLVP	ISHARES INCORPORATED MSCI GLB SLV&MTL	29,951	$267	0.2%	$9.81	—	MSCI GLB SLV&MTL	464286327
ICSH	ISHARES TR BLACKROCK ULTRA	5,213	$260	0.2%	$49.88	—	BLACKROCK ULTRA	46434V878
SGDM	SPROTT GOLD MINERS ETF	11,946	$254	0.2%	$31.95	—	GOLD MINERS ETF	85210B102
FDN	FIRST TRUST DOW JONES INTERNET INDEX FUND	1,927	$244	0.2%	$127.69	—	DJ INTERNT IDX	33733E302
—	GUGGENHEIM STRATEGIC OPPORTUN COM SBI	15,359	$235	0.2%	$19.82	—	COM SBI	40167F101
VUG	VANGUARD GROWTH ETF	1,089	$234	0.2%	$214.88	—	GROWTH ETF	922908736
NSC	NORFOLK SOUTHN CORPORATION	1,099	$230	0.2%	$179.92	+23.9%	COM	655844108
SGOL	ABERDEEN PHYSICAL GOLD SHARES ETF	14,385	$229	0.2%	$15.27	—	PHYSCL GOLD SHS	00326A104
—	EATON VANCE TAX-MANAGED DIVERS	21,162	$229	0.2%	$12.29	—	COM	27828N102
SKYY	FIRST TRUST ISE CLOUD COMPUTING INDEX FUND	3,696	$224	0.2%	$60.61	—	CLOUD COMPUTING	33734X192
PEZ	INVESCO DWA CONSUMER CYCLICALSMOMENTUM ETF	3,745	$222	0.2%	$78.07	—	DWA CYCLICALS	46137V803
VCSH	VANGUARD SHORT-TERM CORPORATE BOND ETF	2,888	$214	0.2%	$74.10	—	SHRT TRM CORP BD	92206C409
RTX	RAYTHEON TECHNOLOGIES CORPORATION	2,605	$213	0.2%	$57.11	+46.8%	COM	75513E101
GIS	GENERAL MLS INCORPORATED	2,778	$212	0.2%	$46.96	+44.3%	COM	370334104
VZ	VERIZON COMMUNICATIONS INCORPORATED	5,479	$208	0.2%	$41.45	-13.7%	COM	92343V104
VEU	VANGUARD FTSE ALL-WORLD EX-US ETF	4,644	$206	0.2%	$59.33	—	ALLWRLD EX US	922042775
MCD	MCDONALDS CORPORATION	874	$201	0.2%	$209.30	+12.9%	COM	580135101
URA	GLOBAL X URANIUM ETF	10,107	$200	0.2%	$18.51	—	GLOBAL X URANIUM	37954Y871
BSM	BLACK STONE MINERALS L P COM UNIT	11,515	$180	0.1%	$15.63	—	COM UNIT	09225M101
T	AT&T INCORPORATED	11,677	$179	0.1%	$17.29	-12.7%	COM	00206R102
—	ALLSPRING MULTI SECTOR INCOME	20,748	$178	0.1%	$11.58	—	COM	94987D101
—	INVITAE CORPORATION	70,000	$173	0.1%	$34.25	—	COM	46185L103
AAL	AMERICAN AIRLS GROUP INCORPORATED	12,996	$156	0.1%	$12.53	+11.2%	COM	02376R102
—	PGIM HIGH YIELD BOND FUND INCORPORATED	11,571	$133	0.1%	$13.82	—	COM	69346H100
CCL	CARNIVAL CORPORATION COMMON STOCK	17,360	$122	0.1%	$15.82	-38.8%	COMMON STOCK	143658300
AG	FIRST MAJESTIC SILVER CORPORATION	13,796	$105	0.1%	$7.39	0.0%	COM	32076V103
—	WESTERN ASSET HIGH INCOME OPPO	18,013	$66	0.1%	$4.89	—	COM	95766K109
—	SIRIUS XM HOLDINGS INCORPORATED	10,000	$57	0.0%	$6.30	—	COM	82968B103
—	INSEEGO CORPORATION	26,448	$54	0.0%	$7.36	—	COM	45782B104
—	SYNCHRONOSS TECHNOLOGIES INCORPORATED	39,539	$45	0.0%	$3.01	—	COM	87157B103
—	POLARITYTE INCORPORATED COM NEW	39,630	$34	0.0%	$1.44	—	COM NEW	731094207