Cravens & Co Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JPST	J P MORGAN EXCHANGE TRADED F	104,395	$5,289	3.5%	$50.66	—	ULTRA SHRT ETF	46641Q837
USFR	WISDOMTREE TR	23,358	$1,177	0.8%	$50.38	—	FLOATNG RAT TREA	97717Y527
THNR	AMPLIFY ETF TR	15,023	$390	0.3%	$25.98	—	WEIGHT LOSS DRUG	032108532
SPTS	SPDR SERIES TRUST	10,073	$295	0.2%	$29.27	—	STATE STREET SPD	78468R101
SPTI	SPDR SERIES TRUST	9,112	$263	0.2%	$28.85	—	STATE STREET SPD	78464A672
ASTS	AST SPACEMOBILE INC	2,409	$223	0.1%	$71.36	0.0%	COM CL A	00217D100
IBB	ISHARES TR	1,250	$214	0.1%	$171.32	—	ISHARES BIOTECH	464287556
XLE	SELECT SECTOR SPDR TR	4,364	$205	0.1%	$47.00	—	STATE STREET ENE	81369Y506

Increased Positions (5)

DFEM DIMENSIONAL ETF TRUST 8.7%

Value ($000) $13,245 (+10.5%) Shares 384,582 (+2.9%) Est. Cost $23.27 Unrealized —

DFIC DIMENSIONAL ETF TRUST 7.6%

Value ($000) $11,539 (+11.6%) Shares 325,690 (+3.3%) Est. Cost $23.84 Unrealized —

DFAC DIMENSIONAL ETF TRUST 10.9%

Value ($000) $16,716 (+7.5%) Shares 411,210 (+2.0%) Est. Cost $26.41 Unrealized —

NFLX NETFLIX INC 0.6%

Value ($000) $870 (-28.4%) Shares 9,637 (+850.4%) Est. Cost $99.93 Unrealized +7.9%

MSOS ADVISORSHARES TR 0.1%

Value ($000) $86 (+5.4%) Shares 17,818 (+5.0%) Est. Cost $5.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DFEM	DIMENSIONAL ETF TRUST	384,582 (+2.9%)	$13,245 (+10.5%)	8.7%	$23.27	—	EMERGING MKTS CO	25434V732
DFIC	DIMENSIONAL ETF TRUST	325,690 (+3.3%)	$11,539 (+11.6%)	7.6%	$23.84	—	INTL CORE EQUITY	25434V799
DFAC	DIMENSIONAL ETF TRUST	411,210 (+2.0%)	$16,716 (+7.5%)	10.9%	$26.41	—	US CORE EQUITY 2	25434V708
NFLX	NETFLIX INC	9,637 (+850.4%)	$870 (-28.4%)	0.6%	$99.93	+7.9%	COM	64110L106
MSOS	ADVISORSHARES TR	17,818 (+5.0%)	$86 (+5.4%)	0.1%	$5.91	—	PURE US CANNABIS	00768Y453

Exited Positions (3)

BAC BANK AMERICA CORP 0.2%

Value ($000) $346 Shares 6,700 Est. Cost $43.62 Unrealized +20.7%

IP INTERNATIONAL PAPER CO 0.2%

Value ($000) $290 Shares 6,243 Est. Cost $48.00 Unrealized -14.9%

CCI CROWN CASTLE INC 0.1%

Value ($000) $215 Shares 2,230 Est. Cost $89.26 Unrealized +2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMERICA CORP	6,700	$346	0.2%	$43.62	+20.7%	—	060505104
IP	INTERNATIONAL PAPER CO	6,243	$290	0.2%	$48.00	-14.9%	—	460146103
CCI	CROWN CASTLE INC	2,230	$215	0.1%	$89.26	+2.0%	—	22822V101

Decreased Positions (27)

PULS PGIM ETF TR 2.5%

Value ($000) $3,756 (-50.0%) Shares 75,598 (-49.8%) Est. Cost $49.83 Unrealized —

TFLO ISHARES TR 1.2%

Value ($000) $1,867 (-45.7%) Shares 36,944 (-45.6%) Est. Cost $50.63 Unrealized —

DG DOLLAR GEN CORP NEW 1.3%

Value ($000) $2,043 (+42.9%) Shares 13,508 (-2.4%) Est. Cost $104.61 Unrealized +6.6%

DBND DOUBLELINE ETF TRUST 6.4%

Value ($000) $9,802 (-4.3%) Shares 210,965 (-4.1%) Est. Cost $45.80 Unrealized —

NVO NOVO-NORDISK A S 0.4%

Value ($000) $542 (-40.6%) Shares 9,086 (-44.8%) Est. Cost $84.10 Unrealized —

SHOP SHOPIFY INC 0.5%

Value ($000) $788 (-31.1%) Shares 4,704 (-38.8%) Est. Cost $43.79 Unrealized +266.7%

MSFT MICROSOFT CORP 1.3%

Value ($000) $1,986 (-12.7%) Shares 4,220 (-3.9%) Est. Cost $243.20 Unrealized +105.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.1%

Value ($000) $1,682 (+17.1%) Shares 5,077 (-1.3%) Est. Cost $82.43 Unrealized —

EOG EOG RES INC 0.5%

Value ($000) $696 (-25.2%) Shares 6,442 (-22.3%) Est. Cost $117.84 Unrealized -9.0%

NET CLOUDFLARE INC 0.4%

Value ($000) $580 (-28.5%) Shares 3,072 (-18.7%) Est. Cost $80.68 Unrealized +162.2%

BA BOEING CO 1.4%

Value ($000) $2,156 (+10.8%) Shares 8,818 (-2.3%) Est. Cost $166.81 Unrealized +23.3%

SE SEA LTD 0.3%

Value ($000) $515 (-28.7%) Shares 3,965 (-1.8%) Est. Cost $53.86 Unrealized —

VGIT VANGUARD SCOTTSDALE FDS 6.2%

Value ($000) $9,525 (-2.1%) Shares 158,863 (-2.0%) Est. Cost $59.72 Unrealized —

BX BLACKSTONE INC 0.9%

Value ($000) $1,451 (-12.2%) Shares 9,343 (-3.4%) Est. Cost $89.01 Unrealized +70.2%

ABT ABBOTT LABS 0.7%

Value ($000) $1,064 (-13.1%) Shares 8,562 (-6.3%) Est. Cost $101.46 Unrealized +25.5%

AMZN AMAZON COM INC 1.1%

Value ($000) $1,680 (+8.0%) Shares 6,925 (-2.2%) Est. Cost $117.17 Unrealized +95.3%

VMBS VANGUARD SCOTTSDALE FDS 6.6%

Value ($000) $10,009 (-1.1%) Shares 211,779 (-1.7%) Est. Cost $46.24 Unrealized —

TOST TOAST INC 0.4%

Value ($000) $556 (-10.4%) Shares 15,991 (-6.0%) Est. Cost $25.66 Unrealized +40.5%

LOW LOWES COS INC 0.7%

Value ($000) $1,129 (+5.3%) Shares 4,117 (-3.5%) Est. Cost $200.43 Unrealized +19.7%

GSK GSK PLC 0.2%

Value ($000) $378 (+12.8%) Shares 7,567 (-2.4%) Est. Cost $38.73 Unrealized —

CVX CHEVRON CORP NEW 0.9%

Value ($000) $1,347 (-2.8%) Shares 8,222 (-7.9%) Est. Cost $151.22 Unrealized +0.1%

DUK DUKE ENERGY CORP NEW 0.2%

Value ($000) $304 (-7.6%) Shares 2,593 (-2.6%) Est. Cost $86.33 Unrealized +40.8%

PM PHILIP MORRIS INTL INC 1.0%

Value ($000) $1,581 (-1.4%) Shares 9,530 (-3.6%) Est. Cost $85.49 Unrealized +79.6%

SBUX STARBUCKS CORP 1.1%

Value ($000) $1,751 (-0.7%) Shares 19,333 (-7.3%) Est. Cost $85.10 Unrealized -1.2%

VRTX VERTEX PHARMACEUTICALS INC 0.8%

Value ($000) $1,272 (-0.9%) Shares 2,797 (-14.6%) Est. Cost $429.46 Unrealized +0.4%

CGGO CAPITAL GROUP GBL GROWTH EQT 0.1%

Value ($000) $223 (+4.4%) Shares 6,194 (-1.1%) Est. Cost $28.81 Unrealized —

CNQ CANADIAN NAT RES LTD 0.2%

Value ($000) $301 (+1.5%) Shares 9,089 (-2.2%) Est. Cost $29.94 Unrealized +8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PULS	PGIM ETF TR	75,598 (-49.8%)	$3,756 (-50.0%)	2.5%	$49.83	—	PGIM ULTRA SH BD	69344A107
TFLO	ISHARES TR	36,944 (-45.6%)	$1,867 (-45.7%)	1.2%	$50.63	—	TRS FLT RT BD	46434V860
DG	DOLLAR GEN CORP NEW	13,508 (-2.4%)	$2,043 (+42.9%)	1.3%	$104.61	+6.6%	COM	256677105
DBND	DOUBLELINE ETF TRUST	210,965 (-4.1%)	$9,802 (-4.3%)	6.4%	$45.80	—	OPPORTUNISTIC CO	25861R105
NVO	NOVO-NORDISK A S	9,086 (-44.8%)	$542 (-40.6%)	0.4%	$84.10	—	ADR	670100205
SHOP	SHOPIFY INC	4,704 (-38.8%)	$788 (-31.1%)	0.5%	$43.79	+266.7%	CL A SUB VTG SHS	82509L107
MSFT	MICROSOFT CORP	4,220 (-3.9%)	$1,986 (-12.7%)	1.3%	$243.20	+105.8%	COM	594918104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	5,077 (-1.3%)	$1,682 (+17.1%)	1.1%	$82.43	—	SPONSORED ADS	874039100
EOG	EOG RES INC	6,442 (-22.3%)	$696 (-25.2%)	0.5%	$117.84	-9.0%	COM	26875P101
NET	CLOUDFLARE INC	3,072 (-18.7%)	$580 (-28.5%)	0.4%	$80.68	+162.2%	CL A COM	18915M107
BA	BOEING CO	8,818 (-2.3%)	$2,156 (+10.8%)	1.4%	$166.81	+23.3%	COM	097023105
SE	SEA LTD	3,965 (-1.8%)	$515 (-28.7%)	0.3%	$53.86	—	SPONSORD ADS	81141R100
VGIT	VANGUARD SCOTTSDALE FDS	158,863 (-2.0%)	$9,525 (-2.1%)	6.2%	$59.72	—	INTER TERM TREAS	92206C706
BX	BLACKSTONE INC	9,343 (-3.4%)	$1,451 (-12.2%)	0.9%	$89.01	+70.2%	COM	09260D107
ABT	ABBOTT LABS	8,562 (-6.3%)	$1,064 (-13.1%)	0.7%	$101.46	+25.5%	COM	002824100
AMZN	AMAZON COM INC	6,925 (-2.2%)	$1,680 (+8.0%)	1.1%	$117.17	+95.3%	COM	023135106
VMBS	VANGUARD SCOTTSDALE FDS	211,779 (-1.7%)	$10,009 (-1.1%)	6.6%	$46.24	—	MTG-BKD SECS ETF	92206C771
TOST	TOAST INC	15,991 (-6.0%)	$556 (-10.4%)	0.4%	$25.66	+40.5%	CL A	888787108
LOW	LOWES COS INC	4,117 (-3.5%)	$1,129 (+5.3%)	0.7%	$200.43	+19.7%	COM	548661107
GSK	GSK PLC	7,567 (-2.4%)	$378 (+12.8%)	0.2%	$38.73	—	SPONSORED ADR	37733W204
CVX	CHEVRON CORP NEW	8,222 (-7.9%)	$1,347 (-2.8%)	0.9%	$151.22	+0.1%	COM	166764100
DUK	DUKE ENERGY CORP NEW	2,593 (-2.6%)	$304 (-7.6%)	0.2%	$86.33	+40.8%	COM NEW	26441C204
PM	PHILIP MORRIS INTL INC	9,530 (-3.6%)	$1,581 (-1.4%)	1.0%	$85.49	+79.6%	COM	718172109
SBUX	STARBUCKS CORP	19,333 (-7.3%)	$1,751 (-0.7%)	1.1%	$85.10	-1.2%	COM	855244109
VRTX	VERTEX PHARMACEUTICALS INC	2,797 (-14.6%)	$1,272 (-0.9%)	0.8%	$429.46	+0.4%	COM	92532F100
CGGO	CAPITAL GROUP GBL GROWTH EQT	6,194 (-1.1%)	$223 (+4.4%)	0.1%	$28.81	—	SHS CREATION UNI	14020X104
CNQ	CANADIAN NAT RES LTD	9,089 (-2.2%)	$301 (+1.5%)	0.2%	$29.94	+8.3%	COM	136385101

Unchanged Positions (23)

GOOG ALPHABET INC 1.4%

Value ($000) $2,173 Shares 6,460 Est. Cost $108.58 Unrealized +163.7%

SMBK SMARTFINANCIAL INC 5.5%

Value ($000) $8,379 Shares 220,430 Est. Cost $28.09 Unrealized +28.9%

LLY ELI LILLY & CO 1.1%

Value ($000) $1,620 Shares 1,504 Est. Cost $773.40 Unrealized +23.6%

DFSV DIMENSIONAL ETF TRUST 3.1%

Value ($000) $4,696 Shares 136,080 Est. Cost $25.95 Unrealized —

META META PLATFORMS INC 1.5%

Value ($000) $2,337 Shares 3,704 Est. Cost $116.61 Unrealized +472.3%

ILMN ILLUMINA INC 0.6%

Value ($000) $917 Shares 6,237 Est. Cost $88.55 Unrealized +32.6%

RTX RTX CORPORATION 1.2%

Value ($000) $1,773 Shares 9,135 Est. Cost $88.85 Unrealized +95.1%

AVGO BROADCOM INC 1.9%

Value ($000) $2,870 Shares 8,092 Est. Cost $146.02 Unrealized +144.5%

USB US BANCORP DEL 0.9%

Value ($000) $1,363 Shares 25,212 Est. Cost $46.63 Unrealized +4.5%

GE GE AEROSPACE 0.8%

Value ($000) $1,196 Shares 3,655 Est. Cost $51.71 Unrealized +481.7%

VALE VALE S A 0.2%

Value ($000) $285 Shares 20,202 Est. Cost $9.98 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value ($000) $307 Shares 5,491 Est. Cost $41.21 Unrealized +15.3%

VGSH VANGUARD SCOTTSDALE FDS 6.0%

Value ($000) $9,153 Shares 155,769 Est. Cost $57.93 Unrealized —

INSM INSMED INC 0.2%

Value ($000) $331 Shares 2,020 Est. Cost $122.51 Unrealized +49.0%

AFRM AFFIRM HLDGS INC 0.4%

Value ($000) $661 Shares 8,695 Est. Cost $17.17 Unrealized +319.2%

UNH UNITEDHEALTH GROUP INC 0.6%

Value ($000) $941 Shares 2,819 Est. Cost $298.94 Unrealized +12.8%

IVV ISHARES TR 0.4%

Value ($000) $627 Shares 900 Est. Cost $384.21 Unrealized —

JPM JPMORGAN CHASE & CO. 1.1%

Value ($000) $1,685 Shares 5,419 Est. Cost $121.03 Unrealized +155.8%

CGUS CAPITAL GROUP CORE EQUITY ET 0.3%

Value ($000) $504 Shares 12,285 Est. Cost $23.01 Unrealized —

VOE VANGUARD INDEX FDS 0.2%

Value ($000) $286 Shares 1,560 Est. Cost $138.27 Unrealized —

AAPL APPLE INC 0.5%

Value ($000) $689 Shares 2,641 Est. Cost $140.70 Unrealized +90.7%

PSEC PROSPECT CAP CORP 0.0%

Value ($000) $56 Shares 20,000 Est. Cost $3.91 Unrealized -34.9%

TRP TC ENERGY CORP 0.2%

Value ($000) $351 Shares 6,450 Est. Cost $35.70 Unrealized +49.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	6,460	$2,173	1.4%	$108.58	+163.7%	CAP STK CL C	02079K107
SMBK	SMARTFINANCIAL INC	220,430	$8,379	5.5%	$28.09	+28.9%	COM NEW	83190L208
LLY	ELI LILLY & CO	1,504	$1,620	1.1%	$773.40	+23.6%	COM	532457108
DFSV	DIMENSIONAL ETF TRUST	136,080	$4,696	3.1%	$25.95	—	US SMALL CAP VAL	25434V815
META	META PLATFORMS INC	3,704	$2,337	1.5%	$116.61	+472.3%	CL A	30303M102
ILMN	ILLUMINA INC	6,237	$917	0.6%	$88.55	+32.6%	COM	452327109
RTX	RTX CORPORATION	9,135	$1,773	1.2%	$88.85	+95.1%	COM	75513E101
AVGO	BROADCOM INC	8,092	$2,870	1.9%	$146.02	+144.5%	COM	11135F101
USB	US BANCORP DEL	25,212	$1,363	0.9%	$46.63	+4.5%	COM NEW	902973304
GE	GE AEROSPACE	3,655	$1,196	0.8%	$51.71	+481.7%	COM NEW	369604301
VALE	VALE S A	20,202	$285	0.2%	$9.98	—	SPONSORED ADS	91912E105
BMY	BRISTOL-MYERS SQUIBB CO	5,491	$307	0.2%	$41.21	+15.3%	COM	110122108
VGSH	VANGUARD SCOTTSDALE FDS	155,769	$9,153	6.0%	$57.93	—	SHORT TERM TREAS	92206C102
INSM	INSMED INC	2,020	$331	0.2%	$122.51	+49.0%	COM PAR $.01	457669307
AFRM	AFFIRM HLDGS INC	8,695	$661	0.4%	$17.17	+319.2%	COM CL A	00827B106
UNH	UNITEDHEALTH GROUP INC	2,819	$941	0.6%	$298.94	+12.8%	COM	91324P102
IVV	ISHARES TR	900	$627	0.4%	$384.21	—	CORE S&P500 ETF	464287200
JPM	JPMORGAN CHASE & CO.	5,419	$1,685	1.1%	$121.03	+155.8%	COM	46625H100
CGUS	CAPITAL GROUP CORE EQUITY ET	12,285	$504	0.3%	$23.01	—	SHS CREATION UNI	14020V108
VOE	VANGUARD INDEX FDS	1,560	$286	0.2%	$138.27	—	MCAP VL IDXVIP	922908512
AAPL	APPLE INC	2,641	$689	0.5%	$140.70	+90.7%	COM	037833100
PSEC	PROSPECT CAP CORP	20,000	$56	0.0%	$3.91	-34.9%	COM	74348T102
TRP	TC ENERGY CORP	6,450	$351	0.2%	$35.70	+49.5%	COM	87807B107