Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLV	SELECT SECTOR SPDR TR	33,514	$5.317M	4.7%	$158.66	—	ST STR CARE ETF	81369Y209
XLF	SELECT SECTOR SPDR TR	97,941	$5.251M	4.6%	$53.61	—	ST STR FINL ETF	81369Y605
ITA	ISHARES TR	19,487	$4.724M	4.2%	$242.42	—	US AER DEF ETF	464288760
XLK	SELECT SECTOR SPDR TR	20,886	$3.979M	3.5%	$190.52	—	ST STR TECHN ETF	81369Y803
MTUM	ISHARES TR	11,410	$3.912M	3.4%	$342.83	—	MSCI USA MMENTM	46432F396
TLH	ISHARES TR	35,460	$3.558M	3.1%	$100.35	—	10-20 YR TRS ETF	464288653
SPHD	INVESCO EXCH TRADED FD TR II	67,334	$3.423M	3.0%	$50.84	—	S&P500 HDL VOL	46138E362
XLB	SELECT SECTOR SPDR TR	62,046	$3.154M	2.8%	$50.83	—	ST STR MATER ETF	81369Y100
GIS	GENERAL MILLS INC	89,824	$3.126M	2.7%	$34.80	—	COM	370334104
GOOG	ALPHABET INC	8,609	$3.042M	2.7%	$353.33	—	CAP STK CL C	02079K107
MS	MORGAN STANLEY	14,355	$3.001M	2.6%	$209.04	—	COM NEW	617446448
GEV	GE VERNOVA INC	2,167	$2.546M	2.2%	$1174.86	—	COM	36828A101
CB	CHUBB LIMITED	7,064	$2.407M	2.1%	$340.74	—	COM	H1467J104
QUAL	ISHARES TR	5,845	$1.283M	1.1%	$219.43	—	MSCI USA QLT FCT	46432F339
PFF	ISHARES TR	28,976	$883K	0.8%	$30.49	—	PFD AND INCM SEC	464288687
REMX	VANECK ETF TRUST	4,505	$399K	0.4%	$88.50	—	RARE EAR STR ETF	92189H805
TER	TERADYNE INC	420	$203K	0.2%	$483.84	—	COM	880770102

Increased Positions (12)

QQQ INVESCO QQQ TR 8.3%

Value $9.46M (+307.4%) Shares 12,846 (+219.3%) Est. Cost $685.33 Unrealized —

IWM ISHARES TR 10.2%

Value $11.58M (+124.9%) Shares 38,557 (+85.6%) Est. Cost $268.94 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 8.2%

Value $9.286M (+16.9%) Shares 12,435 (+1.8%) Est. Cost $621.37 Unrealized —

IEI ISHARES TR 2.2%

Value $2.456M (+103.6%) Shares 20,911 (+105.6%) Est. Cost $118.01 Unrealized —

IEF ISHARES TR 1.7%

Value $1.904M (+86.9%) Shares 20,137 (+88.6%) Est. Cost $95.12 Unrealized —

EEM ISHARES TR 1.4%

Value $1.583M (+126.8%) Shares 23,145 (+88.3%) Est. Cost $61.88 Unrealized —

SHY ISHARES TR 1.6%

Value $1.779M (+48.4%) Shares 21,671 (+49.2%) Est. Cost $82.42 Unrealized —

MINT PIMCO ETF TR 3.1%

Value $3.506M (+13.3%) Shares 34,779 (+13.1%) Est. Cost $100.60 Unrealized —

XLU SELECT SECTOR SPDR TR 0.7%

Value $829K (+63.8%) Shares 18,285 (+65.8%) Est. Cost $45.67 Unrealized —

TLT ISHARES TR 1.6%

Value $1.798M (+21.5%) Shares 20,801 (+21.8%) Est. Cost $86.64 Unrealized —

GDX VANECK ETF TRUST 0.5%

Value $569K (+86.7%) Shares 7,542 (+127.0%) Est. Cost $82.64 Unrealized —

JNK SPDR SERIES TRUST 0.3%

Value $395K (+7.1%) Shares 4,100 (+6.4%) Est. Cost $97.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	12,846 (+219.3%)	$9.46M (+307.4%)	8.3%	$685.33	—	UNIT SER 1	46090E103
IWM	ISHARES TR	38,557 (+85.6%)	$11.58M (+124.9%)	10.2%	$268.94	—	RUSSELL 2000 ETF	464287655
SPY	STATE STR SPDR S&P 500 ETF T	12,435 (+1.8%)	$9.286M (+16.9%)	8.2%	$621.37	—	TR UNIT	78462F103
IEI	ISHARES TR	20,911 (+105.6%)	$2.456M (+103.6%)	2.2%	$118.01	—	3 7 YR TREAS BD	464288661
IEF	ISHARES TR	20,137 (+88.6%)	$1.904M (+86.9%)	1.7%	$95.12	—	7-10 YR TRSY BD	464287440
EEM	ISHARES TR	23,145 (+88.3%)	$1.583M (+126.8%)	1.4%	$61.88	—	MSCI EMG MKT ETF	464287234
SHY	ISHARES TR	21,671 (+49.2%)	$1.779M (+48.4%)	1.6%	$82.42	—	1 3 YR TREAS BD	464287457
MINT	PIMCO ETF TR	34,779 (+13.1%)	$3.506M (+13.3%)	3.1%	$100.60	—	ENHAN SHRT MA AC	72201R833
XLU	SELECT SECTOR SPDR TR	18,285 (+65.8%)	$829K (+63.8%)	0.7%	$45.67	—	ST STR UTIL ETF	81369Y886
TLT	ISHARES TR	20,801 (+21.8%)	$1.798M (+21.5%)	1.6%	$86.64	—	20 YR TR BD ETF	464287432
GDX	VANECK ETF TRUST	7,542 (+127.0%)	$569K (+86.7%)	0.5%	$82.64	—	GOLD MINERS ETF	92189F106
JNK	SPDR SERIES TRUST	4,100 (+6.4%)	$395K (+7.1%)	0.3%	$97.89	—	ST BLOO HIGH ETF	78468R622

Exited Positions (12)

IJH ISHARES TR 4.4%

Value $5.005M Shares 74,118 Est. Cost $67.53 Unrealized —

XLE SELECT SECTOR SPDR TR 3.7%

Value $4.199M Shares 68,540 Est. Cost $61.26 Unrealized —

SMH VANECK ETF TRUST 2.6%

Value $2.996M Shares 7,815 Est. Cost $381.57 Unrealized —

NVDA NVIDIA CORPORATION 2.1%

Value $2.402M Shares 13,775 Est. Cost $126.28 Unrealized —

TSLA TESLA INC 2.1%

Value $2.399M Shares 6,453 Est. Cost $351.05 Unrealized —

VALE VALE S A 2.0%

Value $2.323M Shares 146,001 Est. Cost $13.03 Unrealized —

AMZN AMAZON COM INC 1.9%

Value $2.201M Shares 10,566 Est. Cost $228.79 Unrealized —

HOOD ROBINHOOD MKTS INC 1.3%

Value $1.493M Shares 21,538 Est. Cost $95.75 Unrealized —

SGOV ISHARES TR 1.2%

Value $1.404M Shares 13,948 Est. Cost $100.66 Unrealized —

ETHE GRAYSCALE ETHEREUM STAKING E 1.0%

Value $1.109M Shares 64,988 Est. Cost $17.07 Unrealized —

EMB ISHARES TR 0.5%

Value $608K Shares 6,471 Est. Cost $93.93 Unrealized —

TQQQ PROSHARES TR 0.5%

Value $552K Shares 13,239 Est. Cost $41.68 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IJH	ISHARES TR	74,118	$5.005M	4.4%	$67.53	—	—	464287507
XLE	SELECT SECTOR SPDR TR	68,540	$4.199M	3.7%	$61.26	—	—	81369Y506
SMH	VANECK ETF TRUST	7,815	$2.996M	2.6%	$381.57	—	—	92189F676
NVDA	NVIDIA CORPORATION	13,775	$2.402M	2.1%	$126.28	—	—	67066G104
TSLA	TESLA INC	6,453	$2.399M	2.1%	$351.05	—	—	88160R101
VALE	VALE S A	146,001	$2.323M	2.0%	$13.03	—	—	91912E105
AMZN	AMAZON COM INC	10,566	$2.201M	1.9%	$228.79	—	—	023135106
HOOD	ROBINHOOD MKTS INC	21,538	$1.493M	1.3%	$95.75	—	—	770700102
SGOV	ISHARES TR	13,948	$1.404M	1.2%	$100.66	—	—	46436E718
ETHE	GRAYSCALE ETHEREUM STAKING E	64,988	$1.109M	1.0%	$17.07	—	—	389638107
EMB	ISHARES TR	6,471	$608K	0.5%	$93.93	—	—	464288281
TQQQ	PROSHARES TR	13,239	$552K	0.5%	$41.68	—	—	74347X831

Decreased Positions (14)

SCHD SCHWAB STRATEGIC TR 1.4%

Value $1.597M (-84.3%) Shares 50,368 (-84.8%) Est. Cost $27.43 Unrealized —

VYMI VANGUARD WHITEHALL FDS 1.4%

Value $1.542M (-80.0%) Shares 15,705 (-80.8%) Est. Cost $94.11 Unrealized —

AMLP ALPS ETF TR 0.2%

Value $224K (-94.7%) Shares 4,315 (-94.6%) Est. Cost $52.64 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $357K (-87.0%) Shares 956 (-87.1%) Est. Cost $434.00 Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP 0.7%

Value $841K (-33.6%) Shares 27,882 (-22.0%) Est. Cost $34.07 Unrealized —

PSLV SPROTT ASSET MANAGEMENT LP 0.5%

Value $538K (-40.2%) Shares 28,526 (-22.8%) Est. Cost $24.10 Unrealized —

XLP SELECT SECTOR SPDR TR 0.2%

Value $207K (-56.0%) Shares 2,487 (-56.5%) Est. Cost $81.98 Unrealized —

VTES VANGUARD WELLINGTON FD 2.0%

Value $2.279M (-7.7%) Shares 22,493 (-7.9%) Est. Cost $101.20 Unrealized —

VTEB VANGUARD MUN BD FDS 1.7%

Value $1.906M (-7.3%) Shares 37,690 (-8.5%) Est. Cost $49.94 Unrealized —

MUB ISHARES TR 1.3%

Value $1.524M (-7.4%) Shares 14,161 (-8.7%) Est. Cost $106.28 Unrealized —

VGIT VANGUARD SCOTTSDALE FDS 1.0%

Value $1.141M (-7.6%) Shares 19,342 (-6.8%) Est. Cost $59.55 Unrealized —

VTIP VANGUARD MALVERN FDS 0.4%

Value $457K (-16.6%) Shares 9,096 (-17.1%) Est. Cost $49.95 Unrealized —

SCHP SCHWAB STRATEGIC TR 0.3%

Value $378K (-8.1%) Shares 14,261 (-7.8%) Est. Cost $26.61 Unrealized —

XLRE SELECT SECTOR SPDR TR 4.0%

Value $4.504M (+0.4%) Shares 102,287 (-6.9%) Est. Cost $40.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCHD	SCHWAB STRATEGIC TR	50,368 (-84.8%)	$1.597M (-84.3%)	1.4%	$27.43	—	US DIVIDEND EQ	808524797
VYMI	VANGUARD WHITEHALL FDS	15,705 (-80.8%)	$1.542M (-80.0%)	1.4%	$94.11	—	INTL HIGH ETF	921946794
AMLP	ALPS ETF TR	4,315 (-94.6%)	$224K (-94.7%)	0.2%	$52.64	—	ALERIAN MLP	00162Q452
MSFT	MICROSOFT CORP	956 (-87.1%)	$357K (-87.0%)	0.3%	$434.00	—	COM	594918104
PHYS	SPROTT ASSET MANAGEMENT LP	27,882 (-22.0%)	$841K (-33.6%)	0.7%	$34.07	—	PHYSICAL GOLD TR	85207H104
PSLV	SPROTT ASSET MANAGEMENT LP	28,526 (-22.8%)	$538K (-40.2%)	0.5%	$24.10	—	PHYSICAL SILVER	85207K107
XLP	SELECT SECTOR SPDR TR	2,487 (-56.5%)	$207K (-56.0%)	0.2%	$81.98	—	ST STR STAPL ETF	81369Y308
VTES	VANGUARD WELLINGTON FD	22,493 (-7.9%)	$2.279M (-7.7%)	2.0%	$101.20	—	SHORT TRM TAX EX	921935870
VTEB	VANGUARD MUN BD FDS	37,690 (-8.5%)	$1.906M (-7.3%)	1.7%	$49.94	—	TAX EXEMPT BD	922907746
MUB	ISHARES TR	14,161 (-8.7%)	$1.524M (-7.4%)	1.3%	$106.28	—	NATIONAL MUN ETF	464288414
VGIT	VANGUARD SCOTTSDALE FDS	19,342 (-6.8%)	$1.141M (-7.6%)	1.0%	$59.55	—	INTER TERM TREAS	92206C706
VTIP	VANGUARD MALVERN FDS	9,096 (-17.1%)	$457K (-16.6%)	0.4%	$49.95	—	STRM INFPROIDX	922020805
SCHP	SCHWAB STRATEGIC TR	14,261 (-7.8%)	$378K (-8.1%)	0.3%	$26.61	—	US TIPS ETF	808524870
XLRE	SELECT SECTOR SPDR TR	102,287 (-6.9%)	$4.504M (+0.4%)	4.0%	$40.83	—	ST STR REAL ETF	81369Y860

Unchanged Positions (2)

COST COSTCO WHOLESALE CORPORATION 0.2%

Value $220K Shares 235 Est. Cost $532.21 Unrealized —

HFSI HARTFORD FDS EXCHANGE TRADED 0.6%

Value $632K Shares 17,968 Est. Cost $35.48 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHOLESALE CORPORATION	235	$220K	0.2%	$532.21	—	COM	22160K105
HFSI	HARTFORD FDS EXCHANGE TRADED	17,968	$632K	0.6%	$35.48	—	STRAT INCOM ETF	41653L875