SWP FINANCIAL LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTV	VANGUARD INDEX FDS	102,549 (+25.4%)	$19,586 (+28.4%)	9.8%	$164.33	—	VALUE ETF	922908744
VWO	VANGUARD INTL EQUITY INDEX F	128,685 (+58.2%)	$6,918 (+56.8%)	3.5%	$50.10	—	FTSE EMR MKT ETF	922042858
IUSB	ISHARES TR	293,306 (+18.4%)	$13,650 (+18.0%)	6.9%	$45.42	—	CORE UNIVRSL USD	46434V613
MTUM	ISHARES TR	15,151 (+63.1%)	$3,792 (+59.1%)	1.9%	$223.99	—	MSCI USA MMENTM	46432F396
ICVT	ISHARES TR	18,058 (+35.3%)	$1,779 (+33.2%)	0.9%	$91.01	—	CONV BD ETF	46435G102
IVE	ISHARES TR	14,002 (+7.2%)	$2,969 (+10.1%)	1.5%	$178.15	—	S&P 500 VAL ETF	464287408
IEFA	ISHARES TR	37,074 (+6.1%)	$3,317 (+8.7%)	1.7%	$73.54	—	CORE MSCI EAFE	46432F842
EFV	ISHARES TR	21,822 (+7.7%)	$1,558 (+13.2%)	0.8%	$59.01	—	EAFE VALUE ETF	464288877
VMBS	VANGUARD SCOTTSDALE FDS	114,734 (+2.8%)	$5,402 (+3.1%)	2.7%	$45.47	—	MTG-BKD SECS ETF	92206C771
NFLX	NETFLIX INC	3,800 (+900.0%)	$356 (-21.8%)	0.2%	$102.67	+5.0%	COM	64110L106
BRTR	BLACKROCK ETF TRUST II	102,734 (+2.3%)	$5,216 (+1.9%)	2.6%	$49.37	—	ISHARES TOTAL RE	092528876
BAI	BLACKROCK ETF TRUST	115,866 (+5.2%)	$3,858 (+2.5%)	1.9%	$31.55	—	ISHARES A I INNO	09290C780
BINC	BLACKROCK ETF TRUST II	78,473 (+3.1%)	$4,141 (+2.1%)	2.1%	$52.12	—	ISHARES FLEXIBLE	092528603
VO	VANGUARD INDEX FDS	10,098 (+4.0%)	$2,931 (+2.7%)	1.5%	$236.27	—	MID CAP ETF	922908629
VGT	VANGUARD WORLD FD	397 (+32.8%)	$299 (+34.0%)	0.2%	$748.39	—	INF TECH ETF	92204A702
GOVT	ISHARES TR	90,308 (+3.8%)	$2,079 (+3.4%)	1.0%	$22.99	—	US TREAS BD ETF	46429B267
GOOG	ALPHABET INC	878 (+2.1%)	$276 (+31.5%)	0.1%	$211.50	+35.4%	CAP STK CL C	02079K107
EMB	ISHARES TR	17,054 (+1.2%)	$1,642 (+2.3%)	0.8%	$89.68	—	JPMORGAN USD EMG	464288281
IGSB	ISHARES TR	17,770 (+4.0%)	$940 (+3.7%)	0.5%	$52.07	—	ISHS 1-5YR INVS	464288646
IGIB	ISHARES TR	19,206 (+3.8%)	$1,035 (+3.4%)	0.5%	$52.35	—	ISHS 5-10YR INVT	464288638
SHY	ISHARES TR	3,482 (+11.0%)	$288 (+10.8%)	0.1%	$82.74	—	1 3 YR TREAS BD	464287457
WFC	WELLS FARGO CO NEW	2,688 (+1.1%)	$251 (+12.4%)	0.1%	$66.88	+29.5%	COM	949746101
SHLD	GLOBAL X FDS	33,813 (+7.4%)	$2,191 (-1.1%)	1.1%	$69.93	—	DEFENSE TECH ETF	37960A529
AGG	ISHARES TR	2,951 (+8.0%)	$295 (+7.6%)	0.1%	$99.13	—	CORE US AGGBD ET	464287226
AMZN	AMAZON COM INC	1,032 (+2.7%)	$238 (+7.9%)	0.1%	$198.70	+15.1%	COM	023135106
MSFT	MICROSOFT CORP	792 (+2.5%)	$383 (-4.3%)	0.2%	$358.57	+39.6%	COM	594918104
BNDX	VANGUARD CHARLOTTE FDS	71,194 (+1.9%)	$3,440 (-0.5%)	1.7%	$49.48	—	TOTAL INT BD ETF	92203J407
JPM	JPMORGAN CHASE & CO.	1,030 (+2.3%)	$332 (+4.5%)	0.2%	$177.49	+74.4%	COM	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,399 (+1.9%)	$703 (+1.9%)	0.4%	$392.33	+26.8%	CL B NEW	084670702
NVDA	NVIDIA CORPORATION	1,747 (+3.6%)	$326 (+3.5%)	0.2%	$127.90	+45.5%	COM	67066G104
EAGG	ISHARES TR	4,429 (+2.0%)	$212 (-2.6%)	0.1%	$47.49	—	ESG AWR US AGRGT	46435U549

Exited Positions (2)

STIP ISHARES TR 1.0%

Value ($000) $1,962 Shares 18,978 Est. Cost $102.93 Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.1%

Value ($000) $260 Shares 2,895 Est. Cost $84.83 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STIP	ISHARES TR	18,978	$1,962	1.0%	$102.93	—	—	46429B747
GBTC	GRAYSCALE BITCOIN TRUST ETF	2,895	$260	0.1%	$84.83	—	—	389637109

Decreased Positions (17)

QUAL ISHARES TR 2.4%

Value ($000) $4,875 (-51.8%) Shares 24,543 (-52.8%) Est. Cost $178.06 Unrealized —

IVV ISHARES TR 9.3%

Value ($000) $18,591 (-10.7%) Shares 27,142 (-12.7%) Est. Cost $502.77 Unrealized —

TLH ISHARES TR 1.7%

Value ($000) $3,372 (-36.4%) Shares 33,163 (-35.6%) Est. Cost $103.11 Unrealized —

SPHY SPDR SERIES TRUST 0.1%

Value ($000) $204 (-79.6%) Shares 8,634 (-79.4%) Est. Cost $24.02 Unrealized —

SRE SEMPRA 0.7%

Value ($000) $1,352 (-4.9%) Shares 15,313 (-3.0%) Est. Cost $67.14 Unrealized +34.9%

VTI VANGUARD INDEX FDS 0.2%

Value ($000) $320 (-8.8%) Shares 954 (-10.8%) Est. Cost $237.22 Unrealized —

IVW ISHARES TR 2.3%

Value ($000) $4,513 (+0.4%) Shares 36,613 (-1.6%) Est. Cost $75.97 Unrealized —

IJH ISHARES TR 1.4%

Value ($000) $2,863 (-0.7%) Shares 43,374 (-1.8%) Est. Cost $69.94 Unrealized —

THRO BLACKROCK ETF TRUST 2.0%

Value ($000) $4,055 (+0.4%) Shares 105,165 (-1.3%) Est. Cost $35.61 Unrealized —

IAU ISHARES GOLD TR 1.1%

Value ($000) $2,287 (-0.7%) Shares 28,181 (-10.9%) Est. Cost $59.78 Unrealized —

HYG ISHARES TR 0.1%

Value ($000) $204 (-5.5%) Shares 2,532 (-4.8%) Est. Cost $77.38 Unrealized —

BND VANGUARD BD INDEX FDS 0.2%

Value ($000) $404 (-2.6%) Shares 5,459 (-2.2%) Est. Cost $73.63 Unrealized —

VB VANGUARD INDEX FDS 1.3%

Value ($000) $2,500 (-0.4%) Shares 9,692 (-1.8%) Est. Cost $213.78 Unrealized —

DYNF BLACKROCK ETF TRUST 5.2%

Value ($000) $10,266 (+0.1%) Shares 168,816 (-2.5%) Est. Cost $52.77 Unrealized —

SUSA ISHARES TR 0.2%

Value ($000) $346 (-1.3%) Shares 2,482 (-3.9%) Est. Cost $101.32 Unrealized —

OEF ISHARES TR 3.6%

Value ($000) $7,127 (+0.1%) Shares 20,779 (-2.8%) Est. Cost $307.67 Unrealized —

TTEK TETRA TECH INC NEW 0.2%

Value ($000) $467 (-0.6%) Shares 13,925 (-1.1%) Est. Cost $41.99 Unrealized -19.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QUAL	ISHARES TR	24,543 (-52.8%)	$4,875 (-51.8%)	2.4%	$178.06	—	MSCI USA QLT FCT	46432F339
IVV	ISHARES TR	27,142 (-12.7%)	$18,591 (-10.7%)	9.3%	$502.77	—	CORE S&P500 ETF	464287200
TLH	ISHARES TR	33,163 (-35.6%)	$3,372 (-36.4%)	1.7%	$103.11	—	10-20 YR TRS ETF	464288653
SPHY	SPDR SERIES TRUST	8,634 (-79.4%)	$204 (-79.6%)	0.1%	$24.02	—	STATE STREET SPD	78468R606
SRE	SEMPRA	15,313 (-3.0%)	$1,352 (-4.9%)	0.7%	$67.14	+34.9%	COM	816851109
VTI	VANGUARD INDEX FDS	954 (-10.8%)	$320 (-8.8%)	0.2%	$237.22	—	TOTAL STK MKT	922908769
IVW	ISHARES TR	36,613 (-1.6%)	$4,513 (+0.4%)	2.3%	$75.97	—	S&P 500 GRWT ETF	464287309
IJH	ISHARES TR	43,374 (-1.8%)	$2,863 (-0.7%)	1.4%	$69.94	—	CORE S&P MCP ETF	464287507
THRO	BLACKROCK ETF TRUST	105,165 (-1.3%)	$4,055 (+0.4%)	2.0%	$35.61	—	ISHARES US THEMA	09290C806
IAU	ISHARES GOLD TR	28,181 (-10.9%)	$2,287 (-0.7%)	1.1%	$59.78	—	ISHARES NEW	464285204
HYG	ISHARES TR	2,532 (-4.8%)	$204 (-5.5%)	0.1%	$77.38	—	IBOXX HI YD ETF	464288513
BND	VANGUARD BD INDEX FDS	5,459 (-2.2%)	$404 (-2.6%)	0.2%	$73.63	—	TOTAL BND MRKT	921937835
VB	VANGUARD INDEX FDS	9,692 (-1.8%)	$2,500 (-0.4%)	1.3%	$213.78	—	SMALL CP ETF	922908751
DYNF	BLACKROCK ETF TRUST	168,816 (-2.5%)	$10,266 (+0.1%)	5.2%	$52.77	—	ISHARES US EQUIT	09290C103
SUSA	ISHARES TR	2,482 (-3.9%)	$346 (-1.3%)	0.2%	$101.32	—	ESG OPTIMIZED	464288802
OEF	ISHARES TR	20,779 (-2.8%)	$7,127 (+0.1%)	3.6%	$307.67	—	S&P 100 ETF	464287101
TTEK	TETRA TECH INC NEW	13,925 (-1.1%)	$467 (-0.6%)	0.2%	$41.99	-19.5%	COM	88162G103

Unchanged Positions (24)

AAPL APPLE INC 5.3%

Value ($000) $10,564 Shares 38,857 Est. Cost $182.32 Unrealized +47.2%

VUG VANGUARD INDEX FDS 7.4%

Value ($000) $14,716 Shares 30,165 Est. Cost $340.55 Unrealized —

ORCL ORACLE CORP 0.2%

Value ($000) $319 Shares 1,637 Est. Cost $106.71 Unrealized +123.1%

META META PLATFORMS INC 0.5%

Value ($000) $954 Shares 1,445 Est. Cost $323.40 Unrealized +106.3%

GOOGL ALPHABET INC 0.2%

Value ($000) $405 Shares 1,293 Est. Cost $163.29 Unrealized +74.9%

ISRG INTUITIVE SURGICAL INC 0.2%

Value ($000) $428 Shares 756 Est. Cost $298.09 Unrealized +78.6%

VEU VANGUARD INTL EQUITY INDEX F 1.4%

Value ($000) $2,840 Shares 38,602 Est. Cost $56.24 Unrealized —

VV VANGUARD INDEX FDS 2.2%

Value ($000) $4,351 Shares 13,822 Est. Cost $221.94 Unrealized —

HALO HALOZYME THERAPEUTICS INC 0.3%

Value ($000) $515 Shares 7,652 Est. Cost $51.28 Unrealized +31.2%

IJR ISHARES TR 1.0%

Value ($000) $2,068 Shares 17,208 Est. Cost $108.28 Unrealized —

TRMB TRIMBLE INC 0.4%

Value ($000) $698 Shares 8,909 Est. Cost $56.97 Unrealized +39.9%

QS QUANTUMSCAPE CORP 0.1%

Value ($000) $104 Shares 10,000 Est. Cost $4.23 Unrealized +226.2%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $247 Shares 286 Est. Cost $603.16 Unrealized +50.2%

VT VANGUARD INTL EQUITY INDEX F 0.5%

Value ($000) $1,031 Shares 7,308 Est. Cost $103.88 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $339 Shares 1,026 Est. Cost $511.31 Unrealized -34.0%

QCOM QUALCOMM INC 0.4%

Value ($000) $804 Shares 4,698 Est. Cost $123.14 Unrealized +38.7%

VEA VANGUARD TAX-MANAGED FDS 0.2%

Value ($000) $397 Shares 6,362 Est. Cost $47.98 Unrealized —

WPC WP CAREY INC 0.1%

Value ($000) $216 Shares 3,352 Est. Cost $63.11 Unrealized —

VOT VANGUARD INDEX FDS 0.1%

Value ($000) $205 Shares 734 Est. Cost $284.39 Unrealized —

AOA ISHARES TR 0.2%

Value ($000) $363 Shares 4,051 Est. Cost $69.05 Unrealized —

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $278 Shares 444 Est. Cost $469.01 Unrealized —

GD GENERAL DYNAMICS CORP 0.2%

Value ($000) $306 Shares 909 Est. Cost $236.19 Unrealized +44.3%

IJJ ISHARES TR 0.1%

Value ($000) $227 Shares 1,728 Est. Cost $123.62 Unrealized —

BIV VANGUARD BD INDEX FDS 0.3%

Value ($000) $538 Shares 6,910 Est. Cost $77.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	38,857	$10,564	5.3%	$182.32	+47.2%	COM	037833100
VUG	VANGUARD INDEX FDS	30,165	$14,716	7.4%	$340.55	—	GROWTH ETF	922908736
ORCL	ORACLE CORP	1,637	$319	0.2%	$106.71	+123.1%	COM	68389X105
META	META PLATFORMS INC	1,445	$954	0.5%	$323.40	+106.3%	CL A	30303M102
GOOGL	ALPHABET INC	1,293	$405	0.2%	$163.29	+74.9%	CAP STK CL A	02079K305
ISRG	INTUITIVE SURGICAL INC	756	$428	0.2%	$298.09	+78.6%	COM NEW	46120E602
VEU	VANGUARD INTL EQUITY INDEX F	38,602	$2,840	1.4%	$56.24	—	ALLWRLD EX US	922042775
VV	VANGUARD INDEX FDS	13,822	$4,351	2.2%	$221.94	—	LARGE CAP ETF	922908637
HALO	HALOZYME THERAPEUTICS INC	7,652	$515	0.3%	$51.28	+31.2%	COM	40637H109
IJR	ISHARES TR	17,208	$2,068	1.0%	$108.28	—	CORE S&P SCP ETF	464287804
TRMB	TRIMBLE INC	8,909	$698	0.4%	$56.97	+39.9%	COM	896239100
QS	QUANTUMSCAPE CORP	10,000	$104	0.1%	$4.23	+226.2%	COM CL A	74767V109
COST	COSTCO WHSL CORP NEW	286	$247	0.1%	$603.16	+50.2%	COM	22160K105
VT	VANGUARD INTL EQUITY INDEX F	7,308	$1,031	0.5%	$103.88	—	TT WRLD ST ETF	922042742
UNH	UNITEDHEALTH GROUP INC	1,026	$339	0.2%	$511.31	-34.0%	COM	91324P102
QCOM	QUALCOMM INC	4,698	$804	0.4%	$123.14	+38.7%	COM	747525103
VEA	VANGUARD TAX-MANAGED FDS	6,362	$397	0.2%	$47.98	—	VAN FTSE DEV MKT	921943858
WPC	WP CAREY INC	3,352	$216	0.1%	$63.11	—	COM	92936U109
VOT	VANGUARD INDEX FDS	734	$205	0.1%	$284.39	—	MCAP GR IDXVIP	922908538
AOA	ISHARES TR	4,051	$363	0.2%	$69.05	—	CORE 80/20 AGGRE	464289859
VOO	VANGUARD INDEX FDS	444	$278	0.1%	$469.01	—	S&P 500 ETF SHS	922908363
GD	GENERAL DYNAMICS CORP	909	$306	0.2%	$236.19	+44.3%	COM	369550108
IJJ	ISHARES TR	1,728	$227	0.1%	$123.62	—	S&P MC 400VL ETF	464287705
BIV	VANGUARD BD INDEX FDS	6,910	$538	0.3%	$77.34	—	INTERMED TERM	921937819