Cravens & Co Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBK	COMMERCIAL BANCGROUP INC	124,542	$3,241	2.1%	$25.74	0.0%	COM	20112C106
CMCSA	COMCAST CORP NEW	36,406	$1,045	0.7%	$29.82	0.0%	CL A	20030N101
VTI	VANGUARD INDEX FDS	1,601	$514	0.3%	$320.81	—	TOTAL STK MKT	922908769
VXUS	VANGUARD STAR FDS	5,170	$399	0.3%	$77.11	—	VG TL INTL STK F	921909768
UNP	UNION PAC CORP	1,129	$274	0.2%	$243.32	0.0%	COM	907818108
CRM	SALESFORCE INC	1,235	$231	0.1%	$215.77	0.0%	COM	79466L302
IP	INTERNATIONAL PAPER CO	6,257	$223	0.1%	$43.80	0.0%	COM	460146103
ACN	ACCENTURE PLC IRELAND	1,016	$201	0.1%	$253.23	0.0%	SHS CLASS A	G1151C101

Increased Positions (35)

NVO NOVO-NORDISK A S 0.7%

Value ($000) $1,054 (+94.5%) Shares 28,674 (+215.6%) Est. Cost $51.75 Unrealized —

CVX CHEVRON CORPORATION 1.2%

Value ($000) $1,833 (+36.1%) Shares 8,860 (+7.8%) Est. Cost $152.71 Unrealized +12.5%

DFAC DIMENSIONAL ETF TRUST 10.5%

Value ($000) $16,238 (-2.9%) Shares 417,849 (+1.6%) Est. Cost $26.61 Unrealized —

EOG EOG RES INC 0.7%

Value ($000) $1,139 (+63.7%) Shares 7,879 (+22.3%) Est. Cost $116.80 Unrealized -4.0%

VGIT VANGUARD SCOTTSDALE FDS 6.5%

Value ($000) $9,938 (+4.3%) Shares 166,884 (+5.0%) Est. Cost $59.71 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 6.2%

Value ($000) $9,560 (+4.5%) Shares 163,315 (+4.8%) Est. Cost $57.96 Unrealized —

AVGO BROADCOM INC 1.7%

Value ($000) $2,549 (-11.2%) Shares 8,234 (+1.8%) Est. Cost $149.26 Unrealized +123.9%

BX BLACKSTONE INC 0.8%

Value ($000) $1,163 (-19.9%) Shares 10,110 (+8.2%) Est. Cost $92.94 Unrealized +51.6%

AFRM AFFIRM HLDGS INC 0.3%

Value ($000) $425 (-35.7%) Shares 9,270 (+6.6%) Est. Cost $20.12 Unrealized +221.5%

SHOP SHOPIFY INC 0.4%

Value ($000) $576 (-26.9%) Shares 4,855 (+3.2%) Est. Cost $46.67 Unrealized +192.4%

AAPL APPLE INC 0.6%

Value ($000) $874 (+26.8%) Shares 3,444 (+30.4%) Est. Cost $169.17 Unrealized +55.4%

META META PLATFORMS INC 1.4%

Value ($000) $2,161 (-7.5%) Shares 3,777 (+2.0%) Est. Cost $127.03 Unrealized +416.1%

DFIC DIMENSIONAL ETF TRUST 7.6%

Value ($000) $11,706 (+1.4%) Shares 329,479 (+1.2%) Est. Cost $23.97 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $775 (-17.7%) Shares 2,864 (+1.6%) Est. Cost $299.09 Unrealized +3.2%

CNQ CANADIAN NAT RES LTD MED TER 0.3%

Value ($000) $463 (+53.6%) Shares 9,495 (+4.5%) Est. Cost $30.25 Unrealized +23.0%

VRTX VERTEX PHARMACEUTICALS INC 0.9%

Value ($000) $1,431 (+12.5%) Shares 3,204 (+14.6%) Est. Cost $434.30 Unrealized +7.7%

SE SEA LTD 0.2%

Value ($000) $358 (-30.5%) Shares 4,319 (+8.9%) Est. Cost $56.24 Unrealized —

MSFT MICROSOFT CORP 1.2%

Value ($000) $1,831 (-7.8%) Shares 4,947 (+17.2%) Est. Cost $271.33 Unrealized +60.2%

ILMN ILLUMINA INC 0.5%

Value ($000) $785 (-14.3%) Shares 6,372 (+2.2%) Est. Cost $89.55 Unrealized +51.2%

DBND DOUBLELINE ETF TRUST 6.5%

Value ($000) $9,933 (+1.3%) Shares 216,828 (+2.8%) Est. Cost $45.80 Unrealized —

ABT ABBOTT LABORATORIES 0.6%

Value ($000) $936 (-12.0%) Shares 9,117 (+6.5%) Est. Cost $102.31 Unrealized +12.8%

LOW LOWES COS INC 0.7%

Value ($000) $1,012 (-10.4%) Shares 4,282 (+4.0%) Est. Cost $203.17 Unrealized +33.6%

NET CLOUDFLARE INC 0.4%

Value ($000) $684 (+18.0%) Shares 3,316 (+7.9%) Est. Cost $88.17 Unrealized +106.9%

SBUX STARBUCKS CORP 1.2%

Value ($000) $1,834 (+4.8%) Shares 20,473 (+5.9%) Est. Cost $85.58 Unrealized +9.4%

TOST TOAST INC 0.3%

Value ($000) $478 (-14.1%) Shares 18,041 (+12.8%) Est. Cost $26.27 Unrealized +18.1%

NFLX NETFLIX INC. 0.6%

Value ($000) $941 (+8.1%) Shares 9,786 (+1.5%) Est. Cost $99.68 Unrealized -15.9%

DUK DUKE ENERGY CORP NEW 0.2%

Value ($000) $367 (+20.6%) Shares 2,803 (+8.1%) Est. Cost $88.92 Unrealized +35.9%

TRP TC ENERGY CORP 0.3%

Value ($000) $413 (+17.8%) Shares 6,600 (+2.3%) Est. Cost $36.21 Unrealized +60.8%

VMBS VANGUARD SCOTTSDALE FDS 6.5%

Value ($000) $10,071 (+0.6%) Shares 214,501 (+1.3%) Est. Cost $46.25 Unrealized —

PM PHILIP MORRIS INTL INC 1.1%

Value ($000) $1,642 (+3.9%) Shares 9,933 (+4.2%) Est. Cost $89.16 Unrealized +97.3%

JPM JPMORGAN CHASE & CO 1.1%

Value ($000) $1,629 (-3.3%) Shares 5,536 (+2.2%) Est. Cost $125.05 Unrealized +149.0%

GSK GSK PLC 0.3%

Value ($000) $428 (+13.3%) Shares 7,751 (+2.4%) Est. Cost $39.12 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value ($000) $340 (+10.8%) Shares 5,611 (+2.2%) Est. Cost $41.56 Unrealized +38.2%

CGGO CAPITAL GROUP GBL GROWTH EQT 0.1%

Value ($000) $211 (-5.6%) Shares 6,323 (+2.1%) Est. Cost $28.91 Unrealized —

CGUS CAPITAL GROUP CORE EQUITY ET 0.3%

Value ($000) $493 (-2.3%) Shares 12,820 (+4.4%) Est. Cost $23.66 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVO	NOVO-NORDISK A S	28,674 (+215.6%)	$1,054 (+94.5%)	0.7%	$51.75	—	ADR	670100205
CVX	CHEVRON CORPORATION	8,860 (+7.8%)	$1,833 (+36.1%)	1.2%	$152.71	+12.5%	COM	166764100
DFAC	DIMENSIONAL ETF TRUST	417,849 (+1.6%)	$16,238 (-2.9%)	10.5%	$26.61	—	US CORE EQUITY 2	25434V708
EOG	EOG RES INC	7,879 (+22.3%)	$1,139 (+63.7%)	0.7%	$116.80	-4.0%	COM	26875P101
VGIT	VANGUARD SCOTTSDALE FDS	166,884 (+5.0%)	$9,938 (+4.3%)	6.5%	$59.71	—	INTER TERM TREAS	92206C706
VGSH	VANGUARD SCOTTSDALE FDS	163,315 (+4.8%)	$9,560 (+4.5%)	6.2%	$57.96	—	SHORT TERM TREAS	92206C102
AVGO	BROADCOM INC	8,234 (+1.8%)	$2,549 (-11.2%)	1.7%	$149.26	+123.9%	COM	11135F101
BX	BLACKSTONE INC	10,110 (+8.2%)	$1,163 (-19.9%)	0.8%	$92.94	+51.6%	COM	09260D107
AFRM	AFFIRM HLDGS INC	9,270 (+6.6%)	$425 (-35.7%)	0.3%	$20.12	+221.5%	COM CL A	00827B106
SHOP	SHOPIFY INC	4,855 (+3.2%)	$576 (-26.9%)	0.4%	$46.67	+192.4%	CL A SUB VTG SHS	82509L107
AAPL	APPLE INC	3,444 (+30.4%)	$874 (+26.8%)	0.6%	$169.17	+55.4%	COM	037833100
META	META PLATFORMS INC	3,777 (+2.0%)	$2,161 (-7.5%)	1.4%	$127.03	+416.1%	CL A	30303M102
DFIC	DIMENSIONAL ETF TRUST	329,479 (+1.2%)	$11,706 (+1.4%)	7.6%	$23.97	—	INTL CORE EQUITY	25434V799
UNH	UNITEDHEALTH GROUP INC	2,864 (+1.6%)	$775 (-17.7%)	0.5%	$299.09	+3.2%	COM	91324P102
CNQ	CANADIAN NAT RES LTD MED TER	9,495 (+4.5%)	$463 (+53.6%)	0.3%	$30.25	+23.0%	COM	136385101
VRTX	VERTEX PHARMACEUTICALS INC	3,204 (+14.6%)	$1,431 (+12.5%)	0.9%	$434.30	+7.7%	COM	92532F100
SE	SEA LTD	4,319 (+8.9%)	$358 (-30.5%)	0.2%	$56.24	—	SPONSORD ADS	81141R100
MSFT	MICROSOFT CORP	4,947 (+17.2%)	$1,831 (-7.8%)	1.2%	$271.33	+60.2%	COM	594918104
ILMN	ILLUMINA INC	6,372 (+2.2%)	$785 (-14.3%)	0.5%	$89.55	+51.2%	COM	452327109
DBND	DOUBLELINE ETF TRUST	216,828 (+2.8%)	$9,933 (+1.3%)	6.5%	$45.80	—	OPPORTUNISTIC CO	25861R105
ABT	ABBOTT LABORATORIES	9,117 (+6.5%)	$936 (-12.0%)	0.6%	$102.31	+12.8%	COM	002824100
LOW	LOWES COS INC	4,282 (+4.0%)	$1,012 (-10.4%)	0.7%	$203.17	+33.6%	COM	548661107
NET	CLOUDFLARE INC	3,316 (+7.9%)	$684 (+18.0%)	0.4%	$88.17	+106.9%	CL A COM	18915M107
SBUX	STARBUCKS CORP	20,473 (+5.9%)	$1,834 (+4.8%)	1.2%	$85.58	+9.4%	COM	855244109
TOST	TOAST INC	18,041 (+12.8%)	$478 (-14.1%)	0.3%	$26.27	+18.1%	CL A	888787108
NFLX	NETFLIX INC.	9,786 (+1.5%)	$941 (+8.1%)	0.6%	$99.68	-15.9%	COM	64110L106
DUK	DUKE ENERGY CORP NEW	2,803 (+8.1%)	$367 (+20.6%)	0.2%	$88.92	+35.9%	COM NEW	26441C204
TRP	TC ENERGY CORP	6,600 (+2.3%)	$413 (+17.8%)	0.3%	$36.21	+60.8%	COM	87807B107
VMBS	VANGUARD SCOTTSDALE FDS	214,501 (+1.3%)	$10,071 (+0.6%)	6.5%	$46.25	—	MTG-BKD SECS ETF	92206C771
PM	PHILIP MORRIS INTL INC	9,933 (+4.2%)	$1,642 (+3.9%)	1.1%	$89.16	+97.3%	COM	718172109
JPM	JPMORGAN CHASE & CO	5,536 (+2.2%)	$1,629 (-3.3%)	1.1%	$125.05	+149.0%	COM	46625H100
GSK	GSK PLC	7,751 (+2.4%)	$428 (+13.3%)	0.3%	$39.12	—	SPONSORED ADR	37733W204
BMY	BRISTOL-MYERS SQUIBB CO	5,611 (+2.2%)	$340 (+10.8%)	0.2%	$41.56	+38.2%	COM	110122108
CGGO	CAPITAL GROUP GBL GROWTH EQT	6,323 (+2.1%)	$211 (-5.6%)	0.1%	$28.91	—	SHS CREATION UNI	14020X104
CGUS	CAPITAL GROUP CORE EQUITY ET	12,820 (+4.4%)	$493 (-2.3%)	0.3%	$23.66	—	SHS CREATION UNI	14020V108

Exited Positions (7)

DG DOLLAR GEN CORP NEW 1.3%

Value ($000) $2,043 Shares 13,508 Est. Cost $104.61 Unrealized +41.2%

THNR AMPLIFY ETF TR 0.3%

Value ($000) $390 Shares 15,023 Est. Cost $25.98 Unrealized —

SPTS SPDR SERIES TRUST 0.2%

Value ($000) $295 Shares 10,073 Est. Cost $29.27 Unrealized —

SPTI SPDR SERIES TRUST 0.2%

Value ($000) $263 Shares 9,112 Est. Cost $28.85 Unrealized —

ASTS AST SPACEMOBILE INC 0.1%

Value ($000) $223 Shares 2,409 Est. Cost $71.36 Unrealized +37.5%

IBB ISHARES TR 0.1%

Value ($000) $214 Shares 1,250 Est. Cost $171.32 Unrealized —

XLE SELECT SECTOR SPDR TR 0.1%

Value ($000) $205 Shares 4,364 Est. Cost $47.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DG	DOLLAR GEN CORP NEW	13,508	$2,043	1.3%	$104.61	+41.2%	—	256677105
THNR	AMPLIFY ETF TR	15,023	$390	0.3%	$25.98	—	—	032108532
SPTS	SPDR SERIES TRUST	10,073	$295	0.2%	$29.27	—	—	78468R101
SPTI	SPDR SERIES TRUST	9,112	$263	0.2%	$28.85	—	—	78464A672
ASTS	AST SPACEMOBILE INC	2,409	$223	0.1%	$71.36	+37.5%	—	00217D100
IBB	ISHARES TR	1,250	$214	0.1%	$171.32	—	—	464287556
XLE	SELECT SECTOR SPDR TR	4,364	$205	0.1%	$47.00	—	—	81369Y506

Decreased Positions (3)

BA BOEING CO 0.6%

Value ($000) $971 (-55.0%) Shares 4,878 (-44.7%) Est. Cost $166.81 Unrealized +43.0%

PULS PGIM ETF TR 2.2%

Value ($000) $3,427 (-8.8%) Shares 69,233 (-8.4%) Est. Cost $49.83 Unrealized —

RTX RTX CORPORATION 1.1%

Value ($000) $1,658 (-6.5%) Shares 8,593 (-5.9%) Est. Cost $88.85 Unrealized +121.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BA	BOEING CO	4,878 (-44.7%)	$971 (-55.0%)	0.6%	$166.81	+43.0%	COM	097023105
PULS	PGIM ETF TR	69,233 (-8.4%)	$3,427 (-8.8%)	2.2%	$49.83	—	PGIM ULTRA SH BD	69344A107
RTX	RTX CORPORATION	8,593 (-5.9%)	$1,658 (-6.5%)	1.1%	$88.85	+121.3%	COM	75513E101

Unchanged Positions (18)

GOOG ALPHABET INC 1.2%

Value ($000) $1,847 Shares 6,437 Est. Cost $108.58 Unrealized +198.1%

AMZN AMAZON COM INC 0.9%

Value ($000) $1,443 Shares 6,928 Est. Cost $117.17 Unrealized +93.6%

SMBK SMARTFINANCIAL INC 5.6%

Value ($000) $8,614 Shares 220,430 Est. Cost $28.09 Unrealized +42.9%

LLY ELI LILLY & CO 0.9%

Value ($000) $1,386 Shares 1,507 Est. Cost $773.40 Unrealized +35.4%

GE GE AEROSPACE 0.7%

Value ($000) $1,041 Shares 3,669 Est. Cost $51.71 Unrealized +515.3%

DFEM DIMENSIONAL ETF TRUST 8.7%

Value ($000) $13,395 Shares 387,691 Est. Cost $23.27 Unrealized —

DFSV DIMENSIONAL ETF TRUST 3.1%

Value ($000) $4,772 Shares 136,186 Est. Cost $25.95 Unrealized —

USB US BANCORP 0.9%

Value ($000) $1,311 Shares 25,212 Est. Cost $46.63 Unrealized +21.4%

JPST J P MORGAN EXCHANGE TRADED F 3.4%

Value ($000) $5,243 Shares 103,605 Est. Cost $50.66 Unrealized —

IVV ISHARES TR 0.4%

Value ($000) $588 Shares 900 Est. Cost $384.21 Unrealized —

VALE VALE S A 0.2%

Value ($000) $322 Shares 20,215 Est. Cost $9.98 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.1%

Value ($000) $1,706 Shares 5,049 Est. Cost $82.43 Unrealized —

MSOS ADVISORSHARES TR 0.0%

Value ($000) $63 Shares 17,818 Est. Cost $5.91 Unrealized —

TFLO ISHARES TR 1.2%

Value ($000) $1,883 Shares 37,197 Est. Cost $50.63 Unrealized —

PSEC PROSPECT CAP CORP 0.0%

Value ($000) $52 Shares 20,000 Est. Cost $3.91 Unrealized -28.6%

USFR WISDOMTREE TR 0.8%

Value ($000) $1,179 Shares 23,417 Est. Cost $50.38 Unrealized —

VOE VANGUARD INDEX FDS 0.2%

Value ($000) $287 Shares 1,560 Est. Cost $138.27 Unrealized —

INSM INSMED INC 0.2%

Value ($000) $330 Shares 2,020 Est. Cost $122.51 Unrealized +29.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	6,437	$1,847	1.2%	$108.58	+198.1%	CAP STK CL C	02079K107
AMZN	AMAZON COM INC	6,928	$1,443	0.9%	$117.17	+93.6%	COM	023135106
SMBK	SMARTFINANCIAL INC	220,430	$8,614	5.6%	$28.09	+42.9%	COM NEW	83190L208
LLY	ELI LILLY & CO	1,507	$1,386	0.9%	$773.40	+35.4%	COM	532457108
GE	GE AEROSPACE	3,669	$1,041	0.7%	$51.71	+515.3%	COM NEW	369604301
DFEM	DIMENSIONAL ETF TRUST	387,691	$13,395	8.7%	$23.27	—	EMERGING MKTS CO	25434V732
DFSV	DIMENSIONAL ETF TRUST	136,186	$4,772	3.1%	$25.95	—	US SMALL CAP VAL	25434V815
USB	US BANCORP	25,212	$1,311	0.9%	$46.63	+21.4%	COM NEW	902973304
JPST	J P MORGAN EXCHANGE TRADED F	103,605	$5,243	3.4%	$50.66	—	ULTRA SHRT ETF	46641Q837
IVV	ISHARES TR	900	$588	0.4%	$384.21	—	CORE S&P500 ETF	464287200
VALE	VALE S A	20,215	$322	0.2%	$9.98	—	SPONSORED ADS	91912E105
TSM	TAIWAN SEMICONDUCTOR MANUFAC	5,049	$1,706	1.1%	$82.43	—	SPONSORED ADS	874039100
MSOS	ADVISORSHARES TR	17,818	$63	0.0%	$5.91	—	PURE US CANNABIS	00768Y453
TFLO	ISHARES TR	37,197	$1,883	1.2%	$50.63	—	TRS FLT RT BD	46434V860
PSEC	PROSPECT CAP CORP	20,000	$52	0.0%	$3.91	-28.6%	COM	74348T102
USFR	WISDOMTREE TR	23,417	$1,179	0.8%	$50.38	—	FLOATNG RAT TREA	97717Y527
VOE	VANGUARD INDEX FDS	1,560	$287	0.2%	$138.27	—	MCAP VL IDXVIP	922908512
INSM	INSMED INC	2,020	$330	0.2%	$122.51	+29.8%	COM PAR $.01	457669307