Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLB	SELECT SECTOR SPDR TR	127,348	$6.202M	2.5%	$48.70	$51.45	-5.3%	ST STR MATER ETF	81369Y100
XOP	SPDR SERIES TRUST	20,476	$3.672M	1.5%	$179.33	$178.36	+0.5%	SP O&G EXPL PRO	78468R556
DBMF	IM GLOBAL PARTNER FUNDS	111,279	$3.62M	1.4%	$32.53	$31.37	+3.7%	IMGP DBI MAN ETF	53700T827
SHYG	ISHARES TR	84,876	$3.501M	1.4%	$41.25	$42.04	-1.9%	0-5YR HI YL CP	46434V407
CIBR	FIRST TR EXCHANGE-TRADED FD	18,478	$1.905M	0.8%	$103.09	$95.78	+7.6%	NASDAQ CYB ETF	33734X846
COPX	GLOBAL X FDS	19,420	$1.645M	0.7%	$84.70	$84.57	+0.2%	GLOBAL X COPPER	37954Y830
EWS	ISHARES INC	32,117	$1.068M	0.4%	$33.26	$32.82	+1.3%	MSCI SINGPOR ETF	46434G780

Increased Positions (5)

GLD SPDR GOLD TR 8.1%

Value $20.33M (+39.5%) Shares 53,385 (+34.9%) Share Price $380.84 Est. Cost/Share $245.27 Unrealized @ Report Date +55.3%

SPY STATE STR SPDR S&P 500 ETF T 1.2%

Value $2.99M (+821.2%) Shares 3,920 (+801.1%) Share Price $762.63 Est. Cost/Share $750.37 Unrealized @ Report Date +1.6%

CLOA BLACKROCK ETF TRUST II 3.7%

Value $9.36M (+31.2%) Shares 180,403 (+31.3%) Share Price $51.88 Est. Cost/Share $51.84 Unrealized @ Report Date +0.1%

XLI SELECT SECTOR SPDR TR 2.6%

Value $6.569M (-6.7%) Shares 39,339 (+3.5%) Share Price $166.98 Est. Cost/Share $168.19 Unrealized @ Report Date -0.7%

XLP SELECT SECTOR SPDR TR 2.5%

Value $6.316M (+3.4%) Shares 78,364 (+6.5%) Share Price $80.60 Est. Cost/Share $84.23 Unrealized @ Report Date -4.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TR	53,385 (+34.9%)	$20.33M (+39.5%)	8.1%	$380.84	$245.27	+55.3%	GOLD SHS	78463V107
SPY	STATE STR SPDR S&P 500 ETF T	3,920 (+801.1%)	$2.99M (+821.2%)	1.2%	$762.63	$750.37	+1.6%	TR UNIT	78462F103
CLOA	BLACKROCK ETF TRUST II	180,403 (+31.3%)	$9.36M (+31.2%)	3.7%	$51.88	$51.84	+0.1%	ISHARES AAA CLO	092528504
XLI	SELECT SECTOR SPDR TR	39,339 (+3.5%)	$6.569M (-6.7%)	2.6%	$166.98	$168.19	-0.7%	ST STR INDL ETF	81369Y704
XLP	SELECT SECTOR SPDR TR	78,364 (+6.5%)	$6.316M (+3.4%)	2.5%	$80.60	$84.23	-4.3%	ST STR STAPL ETF	81369Y308

Exited Positions (2)

SPY STATE STR SPDR S&P 500 ETF T 1.0%

Value $2.614M Shares 3,500 Share Price $746.77 * Est. Cost/Share $750.37 Unrealized @ Report Date +1.6%

GLD SPDR GOLD TR 0.3%

Value $737K Shares 2,000 Share Price $368.38 * Est. Cost/Share $245.27 Unrealized @ Report Date +55.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	3,500	$2.614M	1.0%	$746.77 *	$750.37	+1.6%	CALL	78462F103
GLD	SPDR GOLD TR	2,000	$737K	0.3%	$368.38 *	$245.27	+55.3%	CALL	78463V107

Decreased Positions (10)

USFR WISDOMTREE TR 3.0%

Value $7.523M (-67.4%) Shares 149,298 (-67.4%) Share Price $50.39 Est. Cost/Share $50.37 Unrealized @ Report Date +0.0%

SHV ISHARES TR 9.7%

Value $24.42M (-19.9%) Shares 221,389 (-19.8%) Share Price $110.32 Est. Cost/Share $110.23 Unrealized @ Report Date +0.1%

QQQ INVESCO QQQ TR 21.3%

Value $53.65M (-5.2%) Shares 72,519 (-5.6%) Share Price $739.77 Est. Cost/Share $426.74 Unrealized @ Report Date +73.4%

IVV ISHARES TR 13.6%

Value $34.06M (-4.6%) Shares 44,473 (-6.7%) Share Price $765.84 Est. Cost/Share $557.34 Unrealized @ Report Date +37.4%

QUAL ISHARES TR 10.4%

Value $26.18M (-3.3%) Shares 117,792 (-4.5%) Share Price $222.24 Est. Cost/Share $159.47 Unrealized @ Report Date +39.4%

EMXC ISHARES INC 2.7%

Value $6.776M (-7.7%) Shares 68,386 (-4.7%) Share Price $99.08 Est. Cost/Share $80.41 Unrealized @ Report Date +23.2%

OEF ISHARES TR 2.8%

Value $7.131M (-3.0%) Shares 18,664 (-7.1%) Share Price $382.08 Est. Cost/Share $242.79 Unrealized @ Report Date +57.4%

MEAR ISHARES U S ETF TR 0.1%

Value $348K (-24.7%) Shares 7,010 (-23.5%) Share Price $49.63 Est. Cost/Share $50.25 Unrealized @ Report Date -1.2%

XLC SELECT SECTOR SPDR TR 2.6%

Value $6.567M (+1.6%) Shares 59,175 (-1.9%) Share Price $110.97 Est. Cost/Share $79.53 Unrealized @ Report Date +39.5%

CALI BLACKROCK ETF TRUST II 0.1%

Value $357K (-15.5%) Shares 7,162 (-14.3%) Share Price $49.81 Est. Cost/Share $50.22 Unrealized @ Report Date -0.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
USFR	WISDOMTREE TR	149,298 (-67.4%)	$7.523M (-67.4%)	3.0%	$50.39	$50.37	+0.0%	FLOATNG RAT TREA	97717Y527
SHV	ISHARES TR	221,389 (-19.8%)	$24.42M (-19.9%)	9.7%	$110.32	$110.23	+0.1%	TRUST ISHARE 0-1	464288679
QQQ	INVESCO QQQ TR	72,519 (-5.6%)	$53.65M (-5.2%)	21.3%	$739.77	$426.74	+73.4%	UNIT SER 1	46090E103
IVV	ISHARES TR	44,473 (-6.7%)	$34.06M (-4.6%)	13.6%	$765.84	$557.34	+37.4%	CORE S&P500 ETF	464287200
QUAL	ISHARES TR	117,792 (-4.5%)	$26.18M (-3.3%)	10.4%	$222.24	$159.47	+39.4%	MSCI USA QLT FCT	46432F339
EMXC	ISHARES INC	68,386 (-4.7%)	$6.776M (-7.7%)	2.7%	$99.08	$80.41	+23.2%	MSCI EMRG CHN	46434G764
OEF	ISHARES TR	18,664 (-7.1%)	$7.131M (-3.0%)	2.8%	$382.08	$242.79	+57.4%	S&P 100 ETF	464287101
MEAR	ISHARES U S ETF TR	7,010 (-23.5%)	$348K (-24.7%)	0.1%	$49.63	$50.25	-1.2%	SHOR MAT MUN ETF	46431W838
XLC	SELECT SECTOR SPDR TR	59,175 (-1.9%)	$6.567M (+1.6%)	2.6%	$110.97	$79.53	+39.5%	ST STR SVC ETF	81369Y852
CALI	BLACKROCK ETF TRUST II	7,162 (-14.3%)	$357K (-15.5%)	0.1%	$49.81	$50.22	-0.8%	ISHA SH TERM ETF	092528884

Unchanged Positions (11)

CMF ISHARES TR 2.0%

Value $5.01M Shares 92,578 Share Price $54.12 Est. Cost/Share $57.88 Unrealized @ Report Date -6.5%

MUB ISHARES TR 0.9%

Value $2.332M Shares 23,070 Share Price $101.10 Est. Cost/Share $107.77 Unrealized @ Report Date -6.2%

HD HOME DEPOT INC 0.2%

Value $584K Shares 2,052 Share Price $284.49 Est. Cost/Share $364.59 Unrealized @ Report Date -22.0%

AAPL APPLE INC 0.2%

Value $565K Shares 1,697 Share Price $333.02 Est. Cost/Share $244.90 Unrealized @ Report Date +36.0%

SMAX ISHARES TR 1.6%

Value $4.078M Shares 143,186 Share Price $28.48 Est. Cost/Share $25.32 Unrealized @ Report Date +12.5%

CINF CINCINNATI FINL CORP 0.1%

Value $205K Shares 1,289 Share Price $159.37 Est. Cost/Share $140.91 Unrealized @ Report Date +13.1%

LLY ELI LILLY & CO 0.3%

Value $798K Shares 690 Share Price $1157.08 Est. Cost/Share $773.40 Unrealized @ Report Date +49.6%

MAXJ ISHARES TR 1.0%

Value $2.614M Shares 88,663 Share Price $29.48 Est. Cost/Share $27.84 Unrealized @ Report Date +5.9%

GOOGL ALPHABET INC 0.1%

Value $327K Shares 950 Share Price $344.22 Est. Cost/Share $285.60 Unrealized @ Report Date +20.5%

RTX RTX CORPORATION 0.2%

Value $400K Shares 2,153 Share Price $185.65 Est. Cost/Share $86.83 Unrealized @ Report Date +113.8%

JNJ JOHNSON & JOHNSON 0.1%

Value $216K Shares 815 Share Price $264.74 Est. Cost/Share $233.06 Unrealized @ Report Date +13.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CMF	ISHARES TR	92,578	$5.01M	2.0%	$54.12	$57.88	-6.5%	CALIF MUN BD ETF	464288356
MUB	ISHARES TR	23,070	$2.332M	0.9%	$101.10	$107.77	-6.2%	NATIONAL MUN ETF	464288414
HD	HOME DEPOT INC	2,052	$584K	0.2%	$284.49	$364.59	-22.0%	COM	437076102
AAPL	APPLE INC	1,697	$565K	0.2%	$333.02	$244.90	+36.0%	COM	037833100
SMAX	ISHARES TR	143,186	$4.078M	1.6%	$28.48	$25.32	+12.5%	LARG CAP SEP ETF	46438G588
CINF	CINCINNATI FINL CORP	1,289	$205K	0.1%	$159.37	$140.91	+13.1%	COM	172062101
LLY	ELI LILLY & CO	690	$798K	0.3%	$1157.08	$773.40	+49.6%	COM	532457108
MAXJ	ISHARES TR	88,663	$2.614M	1.0%	$29.48	$27.84	+5.9%	LARG CAP JUN ETF	46438G612
GOOGL	ALPHABET INC	950	$327K	0.1%	$344.22	$285.60	+20.5%	CAP STK CL A	02079K305
RTX	RTX CORPORATION	2,153	$400K	0.2%	$185.65	$86.83	+113.8%	COM	75513E101
JNJ	JOHNSON & JOHNSON	815	$216K	0.1%	$264.74	$233.06	+13.6%	COM	478160104