Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IDEV	ISHARES TR	13,182	$1.161M	3.9%	—	—	CORE MSCI INTL	46435G326
IEF	ISHARES TR	10,515	$994K	3.3%	—	—	7-10 YR TRSY BD	464287440
CLOA	BLACKROCK ETF TRUST II	17,852	$925K	3.1%	—	—	ISHARES AAA CLO	092528504
QUAL	ISHARES TR	3,967	$823K	2.7%	—	—	MSCI USA QLT FCT	46432F339
MBB	ISHARES TR	5,991	$565K	1.9%	—	—	MBS ETF	464288588
AMZN	AMAZON COM INC	1,839	$503K	1.7%	—	—	COM	023135106
GOOGL	ALPHABET INC	1,059	$411K	1.4%	—	—	CAP STK CL A	02079K305
NFLX	NETFLIX INC.	4,396	$386K	1.3%	—	—	COM	64110L106
BIL	SPDR SERIES TRUST	3,923	$359K	1.2%	—	—	STATE STREET SPD	78468R663
ORCL	ORACLE CORP	1,457	$270K	0.9%	—	—	COM	68389X105
MSFT	MICROSOFT CORP	654	$269K	0.9%	—	—	COM	594918104
INTC	INTEL CORP	2,483	$269K	0.9%	—	—	COM	458140100
LLY	ELI LILLY & CO	270	$267K	0.9%	—	—	COM	532457108
GE	GE AEROSPACE	900	$258K	0.9%	—	—	COM NEW	369604301
AMD	ADVANCED MICRO DEVICES INC	682	$242K	0.8%	—	—	COM	007903107
MRVL	MARVELL TECHNOLOGY INC	1,235	$208K	0.7%	—	—	COM	573874104
LRCX	LAM RESEARCH CORP	740	$204K	0.7%	—	—	COM NEW	512807306
SPY	STATE STR SPDR S&P 500 ETF T	40,000	$106K	0.4%	—	—	PUT	78462F103

Increased Positions (8)

GLD SPDR GOLD TR 15.6%

Value $4.693M (+380.6%) Shares 11,221 (+386.4%) Est. Cost — Unrealized —

TLH ISHARES TR 6.5%

Value $1.95M (+50.0%) Shares 19,603 (+54.8%) Est. Cost — Unrealized —

PZA INVESCO EXCH TRADED FD TR II 2.6%

Value $791K (+103.7%) Shares 34,034 (+104.5%) Est. Cost — Unrealized —

ACWI ISHARES TR 8.6%

Value $2.604M (+9.0%) Shares 17,090 (+3.7%) Est. Cost — Unrealized —

EMXC ISHARES INC 1.7%

Value $505K (+56.6%) Shares 5,389 (+29.0%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.5%

Value $464K (+58.7%) Shares 2,359 (+51.0%) Est. Cost — Unrealized —

SDY SPDR SERIES TRUST 1.2%

Value $355K (+18.6%) Shares 2,391 (+17.1%) Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 1.5%

Value $447K (+13.2%) Shares 656 (+3.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	11,221 (+386.4%)	$4.693M (+380.6%)	15.6%	—	—	GOLD SHS	78463V107
TLH	ISHARES TR	19,603 (+54.8%)	$1.95M (+50.0%)	6.5%	—	—	10-20 YR TRS ETF	464288653
PZA	INVESCO EXCH TRADED FD TR II	34,034 (+104.5%)	$791K (+103.7%)	2.6%	—	—	NATL AMT MUNI	46138E537
ACWI	ISHARES TR	17,090 (+3.7%)	$2.604M (+9.0%)	8.6%	—	—	MSCI ACWI ETF	464288257
EMXC	ISHARES INC	5,389 (+29.0%)	$505K (+56.6%)	1.7%	—	—	MSCI EMRG CHN	46434G764
NVDA	NVIDIA CORPORATION	2,359 (+51.0%)	$464K (+58.7%)	1.5%	—	—	COM	67066G104
SDY	SPDR SERIES TRUST	2,391 (+17.1%)	$355K (+18.6%)	1.2%	—	—	STATE STREET SPD	78464A763
QQQ	INVESCO QQQ TR	656 (+3.3%)	$447K (+13.2%)	1.5%	—	—	UNIT SER 1	46090E103

Exited Positions (8)

IQLT ISHARES TR 4.1%

Value $1.232M Shares 26,165 Est. Cost — Unrealized —

JMBS JANUS DETROIT STR TR 3.7%

Value $1.103M Shares 24,008 Est. Cost — Unrealized —

SPTI SPDR SERIES TRUST 2.1%

Value $647K Shares 22,431 Est. Cost — Unrealized —

SPTS SPDR SERIES TRUST 1.8%

Value $547K Shares 18,698 Est. Cost — Unrealized —

IXJ ISHARES TR 0.9%

Value $261K Shares 2,627 Est. Cost — Unrealized —

XLC SELECT SECTOR SPDR TR 0.8%

Value $242K Shares 2,079 Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.7%

Value $219K Shares 432 Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.7%

Value $202K Shares 443 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IQLT	ISHARES TR	26,165	$1.232M	4.1%	—	—	—	46434V456
JMBS	JANUS DETROIT STR TR	24,008	$1.103M	3.7%	—	—	—	47103U852
SPTI	SPDR SERIES TRUST	22,431	$647K	2.1%	—	—	—	78464A672
SPTS	SPDR SERIES TRUST	18,698	$547K	1.8%	—	—	—	78468R101
IXJ	ISHARES TR	2,627	$261K	0.9%	—	—	—	464287325
XLC	SELECT SECTOR SPDR TR	2,079	$242K	0.8%	—	—	—	81369Y852
SPOT	SPOTIFY TECHNOLOGY S A	432	$219K	0.7%	—	—	—	L8681T102
CRWD	CROWDSTRIKE HLDGS INC	443	$202K	0.7%	—	—	—	22788C105

Decreased Positions (4)

SPY STATE STR SPDR S&P 500 ETF T 17.7%

Value $5.334M (-26.1%) Shares 7,370 (-29.3%) Est. Cost — Unrealized —

FTEC FIDELITY COVINGTON TRUST 1.1%

Value $323K (-51.0%) Shares 1,266 (-56.4%) Est. Cost — Unrealized —

VTV VANGUARD INDEX FDS 2.5%

Value $749K (-29.9%) Shares 3,628 (-32.7%) Est. Cost — Unrealized —

XLK SELECT SECTOR SPDR TR 0.9%

Value $266K (+4.8%) Shares 1,603 (-7.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	7,370 (-29.3%)	$5.334M (-26.1%)	17.7%	—	—	TR UNIT	78462F103
FTEC	FIDELITY COVINGTON TRUST	1,266 (-56.4%)	$323K (-51.0%)	1.1%	—	—	MSCI INFO TECH I	316092808
VTV	VANGUARD INDEX FDS	3,628 (-32.7%)	$749K (-29.9%)	2.5%	—	—	VALUE ETF	922908744
XLK	SELECT SECTOR SPDR TR	1,603 (-7.9%)	$266K (+4.8%)	0.9%	—	—	STATE STREET TEC	81369Y803

Unchanged Positions (8)

GEV GE VERNOVA INC 1.9%

Value $575K Shares 525 Est. Cost — Unrealized —

VRT VERTIV HOLDINGS CO 1.5%

Value $467K Shares 1,369 Est. Cost — Unrealized —

AVGO BROADCOM INC 1.1%

Value $344K Shares 806 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.3%

Value $377K Shares 8,150 Est. Cost — Unrealized —

BFOR ALPS ETF TR 3.4%

Value $1.033M Shares 11,518 Est. Cost — Unrealized —

MORT VANECK ETF TRUST 0.5%

Value $144K Shares 13,710 Est. Cost — Unrealized —

BAR GRANITESHARES GOLD TR 0.9%

Value $284K Shares 6,327 Est. Cost — Unrealized —

MUB ISHARES TR 0.7%

Value $208K Shares 1,944 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GEV	GE VERNOVA INC	525	$575K	1.9%	—	—	COM	36828A101
VRT	VERTIV HOLDINGS CO	1,369	$467K	1.5%	—	—	COM CL A	92537N108
AVGO	BROADCOM INC	806	$344K	1.1%	—	—	COM	11135F101
IBIT	ISHARES BITCOIN TRUST ETF	8,150	$377K	1.3%	—	—	SHS BEN INT	46438F101
BFOR	ALPS ETF TR	11,518	$1.033M	3.4%	—	—	BARRONS 400 ETF	00162Q726
MORT	VANECK ETF TRUST	13,710	$144K	0.5%	—	—	MORTGAGE REIT	92189F452
BAR	GRANITESHARES GOLD TR	6,327	$284K	0.9%	—	—	SHS BEN INT	38748G101
MUB	ISHARES TR	1,944	$208K	0.7%	—	—	NATIONAL MUN ETF	464288414