Briaud Financial Planning, Inc Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	550,273 (+62.1%)	$184,490 (+65.6%)	45.5%	$162.61	—	TOTAL STK MKT	922908769
GLD	SPDR GOLD TR	198,304 (+1.3%)	$78,580 (+12.9%)	19.4%	$154.88	—	GOLD SHS	78463V107
SPY	SPDR S&P 500 ETF TR	1,719 (+78.7%)	$1,172 (+82.9%)	0.3%	$337.39	—	TR UNIT	78462F103
VYM	VANGUARD WHITEHALL FDS	5,758 (+105.1%)	$826 (+108.8%)	0.2%	$142.04	—	HIGH DIV YLD	921946406
PDBC	INVESCO ACTVELY MNGD ETC FD	2,769,288 (+2.2%)	$36,693 (+0.8%)	9.0%	$1.12	—	OPTIMUM YIELD	46090F100
AAPL	APPLE INC	10,239 (+3.3%)	$2,784 (+10.3%)	0.7%	$203.18	+32.1%	COM	037833100
AMGN	AMGEN INC	1,320 (+62.0%)	$432 (+87.9%)	0.1%	$295.88	+6.8%	COM	031162100
IVV	ISHARES TR	3,890 (+4.6%)	$2,664 (+7.0%)	0.7%	$46.10	—	CORE S&P500 ETF	464287200
VUG	VANGUARD INDEX FDS	1,054 (+29.8%)	$514 (+32.0%)	0.1%	$112.30	—	GROWTH ETF	922908736
JPM	JPMORGAN CHASE & CO.	871 (+16.6%)	$281 (+19.1%)	0.1%	$229.81	+34.7%	COM	46625H100
ITA	ISHARES TR	2,055 (+7.8%)	$441 (+10.6%)	0.1%	$18.28	—	US AER DEF ETF	464288760
XLE	SELECT SECTOR SPDR TR	5,558 (+100.0%)	$248 (+0.1%)	0.1%	$22.40	—	STATE STREET ENE	81369Y506

Exited Positions (1)

ABBV ABBVIE INC 0.1%

Value ($000) $217 Shares 937 Est. Cost $163.28 Unrealized +39.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABBV	ABBVIE INC	937	$217	0.1%	$163.28	+39.4%	—	00287Y109

Decreased Positions (8)

TLT ISHARES TR 0.1%

Value ($000) $347 (-47.0%) Shares 3,977 (-45.6%) Est. Cost $0.09 Unrealized —

IAU ISHARES GOLD TR 1.6%

Value ($000) $6,593 (+4.1%) Shares 81,225 (-6.7%) Est. Cost $33.73 Unrealized —

ADI ANALOG DEVICES INC 0.4%

Value ($000) $1,723 (+7.6%) Shares 6,355 (-2.5%) Est. Cost $216.79 Unrealized +15.6%

NVDA NVIDIA CORPORATION 0.4%

Value ($000) $1,691 (-5.8%) Shares 9,065 (-5.7%) Est. Cost $135.99 Unrealized +36.9%

BIL SPDR SERIES TRUST 0.1%

Value ($000) $561 (-9.2%) Shares 6,136 (-8.9%) Est. Cost $21.38 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value ($000) $1,157 (+4.0%) Shares 9,615 (-2.5%) Est. Cost $83.26 Unrealized +38.7%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $202 (-12.0%) Shares 1,410 (-5.7%) Est. Cost $149.87 Unrealized -1.8%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $255 (+9.6%) Shares 1,231 (-1.8%) Est. Cost $149.74 Unrealized +31.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	3,977 (-45.6%)	$347 (-47.0%)	0.1%	$0.09	—	20 YR TR BD ETF	464287432
IAU	ISHARES GOLD TR	81,225 (-6.7%)	$6,593 (+4.1%)	1.6%	$33.73	—	ISHARES NEW	464285204
ADI	ANALOG DEVICES INC	6,355 (-2.5%)	$1,723 (+7.6%)	0.4%	$216.79	+15.6%	COM	032654105
NVDA	NVIDIA CORPORATION	9,065 (-5.7%)	$1,691 (-5.8%)	0.4%	$135.99	+36.9%	COM	67066G104
BIL	SPDR SERIES TRUST	6,136 (-8.9%)	$561 (-9.2%)	0.1%	$21.38	—	STATE STREET SPD	78468R663
XOM	EXXON MOBIL CORP	9,615 (-2.5%)	$1,157 (+4.0%)	0.3%	$83.26	+38.7%	COM	30231G102
PG	PROCTER AND GAMBLE CO	1,410 (-5.7%)	$202 (-12.0%)	0.0%	$149.87	-1.8%	COM	742718109
JNJ	JOHNSON & JOHNSON	1,231 (-1.8%)	$255 (+9.6%)	0.1%	$149.74	+31.6%	COM	478160104

Unchanged Positions (15)

SLV ISHARES SILVER TR 10.0%

Value ($000) $40,397 Shares 627,095 Est. Cost $42.01 Unrealized —

QQQ INVESCO QQQ TR 9.1%

Value ($000) $37,113 Shares 60,414 Est. Cost $0.48 Unrealized —

LLY ELI LILLY & CO 0.3%

Value ($000) $1,126 Shares 1,048 Est. Cost $806.63 Unrealized +18.5%

PPLT ABRDN PLATINUM ETF TRUST 0.3%

Value ($000) $1,235 Shares 6,624 Est. Cost $0.08 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value ($000) $670 Shares 1,386 Est. Cost $408.84 Unrealized +22.4%

APD AIR PRODS & CHEMS INC 0.1%

Value ($000) $509 Shares 2,062 Est. Cost $232.50 Unrealized +8.2%

AMZN AMAZON COM INC 0.1%

Value ($000) $527 Shares 2,285 Est. Cost $202.97 Unrealized +12.7%

JBL JABIL INC 0.1%

Value ($000) $221 Shares 971 Est. Cost $161.93 Unrealized +31.7%

SPYM SPDR SERIES TRUST 0.1%

Value ($000) $313 Shares 3,905 Est. Cost $0.07 Unrealized —

SABR SABRE CORP 0.0%

Value ($000) $19 Shares 14,000 Est. Cost $3.67 Unrealized -53.0%

VV VANGUARD INDEX FDS 0.1%

Value ($000) $281 Shares 894 Est. Cost $0.26 Unrealized —

PFM INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $236 Shares 4,574 Est. Cost $7.63 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $321 Shares 1,676 Est. Cost $0.18 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $758 Shares 1,509 Est. Cost $400.91 Unrealized +24.1%

LOAN MANHATTAN BRDG CAP INC 0.0%

Value ($000) $25 Shares 24,723 Est. Cost $1.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLV	ISHARES SILVER TR	627,095	$40,397	10.0%	$42.01	—	ISHARES	46428Q109
QQQ	INVESCO QQQ TR	60,414	$37,113	9.1%	$0.48	—	UNIT SER 1	46090E103
LLY	ELI LILLY & CO	1,048	$1,126	0.3%	$806.63	+18.5%	COM	532457108
PPLT	ABRDN PLATINUM ETF TRUST	6,624	$1,235	0.3%	$0.08	—	PHYSCL PLATM SHS	003260106
MSFT	MICROSOFT CORP	1,386	$670	0.2%	$408.84	+22.4%	COM	594918104
APD	AIR PRODS & CHEMS INC	2,062	$509	0.1%	$232.50	+8.2%	COM	009158106
AMZN	AMAZON COM INC	2,285	$527	0.1%	$202.97	+12.7%	COM	023135106
JBL	JABIL INC	971	$221	0.1%	$161.93	+31.7%	COM	466313103
SPYM	SPDR SERIES TRUST	3,905	$313	0.1%	$0.07	—	STATE STREET SPD	78464A854
SABR	SABRE CORP	14,000	$19	0.0%	$3.67	-53.0%	COM	78573M104
VV	VANGUARD INDEX FDS	894	$281	0.1%	$0.26	—	LARGE CAP ETF	922908637
PFM	INVESCO EXCHANGE TRADED FD T	4,574	$236	0.1%	$7.63	—	DIVID ACHIEVEV	46137V506
RSP	INVESCO EXCHANGE TRADED FD T	1,676	$321	0.1%	$0.18	—	S&P500 EQL WGT	46137V357
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,509	$758	0.2%	$400.91	+24.1%	CL B NEW	084670702
LOAN	MANHATTAN BRDG CAP INC	24,723	$25	0.0%	$1.00	—	COM	562803106