Holcombe Financial, Inc. Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DBND	DOUBLELINE ETF TRUST	239,289	$11,095	7.0%	$46.36	—	OPPORTUNISTIC CO	25861R105
PPLT	ABRDN PLATINUM ETF TRUST	9,064	$1,690	1.1%	$186.43	—	PHYSCL PLATM SHS	003260106
SLVR	SPROTT FDS TR	30,019	$1,675	1.1%	$55.80	—	SILVER MINERS	85208P873
GDXJ	VANECK ETF TRUST	7,488	$852	0.5%	$113.78	—	JUNIOR GOLD MINE	92189F791
GLD	SPDR GOLD TR	2,112	$837	0.5%	$396.31	—	GOLD SHS	78463V107
SGDJ	SPROTT ETF TRUST	9,475	$797	0.5%	$84.13	—	JR GOLD MINERS E	85210B201
HARD	SIMPLIFY EXCHANGE TRADED FUN	26,423	$783	0.5%	$29.64	—	COMMODITIES STRA	82889N566

Increased Positions (13)

IQDF FLEXSHARES TR 3.2%

Value ($000) $5,125 (+77.2%) Shares 168,578 (+66.3%) Est. Cost $29.28 Unrealized —

SCHR SCHWAB STRATEGIC TR 7.5%

Value ($000) $12,018 (+3.1%) Shares 479,198 (+3.3%) Est. Cost $25.03 Unrealized —

PFIX SIMPLIFY EXCHANGE TRADED FUN 2.8%

Value ($000) $4,464 (+8.0%) Shares 93,145 (+8.6%) Est. Cost $52.17 Unrealized —

GOOG ALPHABET INC 0.6%

Value ($000) $915 (+30.4%) Shares 2,915 (+1.2%) Est. Cost $171.80 Unrealized +66.7%

DCRE DOUBLELINE ETF TRUST 3.7%

Value ($000) $5,942 (+1.6%) Shares 114,485 (+2.0%) Est. Cost $51.48 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.2%

Value ($000) $268 (-22.2%) Shares 5,390 (+1.9%) Est. Cost $64.72 Unrealized —

IVV ISHARES TR 0.4%

Value ($000) $582 (+14.5%) Shares 850 (+11.8%) Est. Cost $598.87 Unrealized —

STIP ISHARES TR 7.0%

Value ($000) $11,144 (+0.5%) Shares 108,838 (+1.5%) Est. Cost $100.73 Unrealized —

AMZN AMAZON COM INC 0.2%

Value ($000) $367 (+12.6%) Shares 1,589 (+7.1%) Est. Cost $205.51 Unrealized +11.3%

AVGE AMERICAN CENTY ETF TR 0.3%

Value ($000) $451 (+4.4%) Shares 5,254 (+1.4%) Est. Cost $72.95 Unrealized —

DUK DUKE ENERGY CORP NEW 0.2%

Value ($000) $339 (-3.9%) Shares 2,896 (+1.5%) Est. Cost $108.98 Unrealized +11.6%

TDTT FLEXSHARES TR 0.3%

Value ($000) $411 (+1.3%) Shares 17,084 (+2.4%) Est. Cost $23.74 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value ($000) $335 (-1.5%) Shares 692 (+5.5%) Est. Cost $427.03 Unrealized +17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IQDF	FLEXSHARES TR	168,578 (+66.3%)	$5,125 (+77.2%)	3.2%	$29.28	—	INTL QLTDV IDX	33939L837
SCHR	SCHWAB STRATEGIC TR	479,198 (+3.3%)	$12,018 (+3.1%)	7.5%	$25.03	—	INT-TRM U.S TRES	808524854
PFIX	SIMPLIFY EXCHANGE TRADED FUN	93,145 (+8.6%)	$4,464 (+8.0%)	2.8%	$52.17	—	SIMPLIFY INTERST	82889N855
GOOG	ALPHABET INC	2,915 (+1.2%)	$915 (+30.4%)	0.6%	$171.80	+66.7%	CAP STK CL C	02079K107
DCRE	DOUBLELINE ETF TRUST	114,485 (+2.0%)	$5,942 (+1.6%)	3.7%	$51.48	—	COMMERCIAL REAL	25861R303
IBIT	ISHARES BITCOIN TRUST ETF	5,390 (+1.9%)	$268 (-22.2%)	0.2%	$64.72	—	SHS BEN INT	46438F101
IVV	ISHARES TR	850 (+11.8%)	$582 (+14.5%)	0.4%	$598.87	—	CORE S&P500 ETF	464287200
STIP	ISHARES TR	108,838 (+1.5%)	$11,144 (+0.5%)	7.0%	$100.73	—	0-5 YR TIPS ETF	46429B747
AMZN	AMAZON COM INC	1,589 (+7.1%)	$367 (+12.6%)	0.2%	$205.51	+11.3%	COM	023135106
AVGE	AMERICAN CENTY ETF TR	5,254 (+1.4%)	$451 (+4.4%)	0.3%	$72.95	—	AVANTIS ALL EQT	025072232
DUK	DUKE ENERGY CORP NEW	2,896 (+1.5%)	$339 (-3.9%)	0.2%	$108.98	+11.6%	COM NEW	26441C204
TDTT	FLEXSHARES TR	17,084 (+2.4%)	$411 (+1.3%)	0.3%	$23.74	—	IBOXX 3R TARGT	33939L506
MSFT	MICROSOFT CORP	692 (+5.5%)	$335 (-1.5%)	0.2%	$427.03	+17.2%	COM	594918104

Exited Positions (1)

XTWO BONDBLOXX ETF TRUST 0.2%

Value ($000) $324 Shares 6,540 Est. Cost $49.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XTWO	BONDBLOXX ETF TRUST	6,540	$324	0.2%	$49.48	—	—	09789C853

Decreased Positions (12)

SCHO SCHWAB STRATEGIC TR 14.7%

Value ($000) $23,392 (-10.3%) Shares 959,862 (-10.2%) Est. Cost $24.09 Unrealized —

OVLH LISTED FDS TR 8.1%

Value ($000) $12,867 (-10.0%) Shares 326,654 (-10.8%) Est. Cost $36.45 Unrealized —

AAPL APPLE INC 15.0%

Value ($000) $23,816 (+5.4%) Shares 87,602 (-1.3%) Est. Cost $234.51 Unrealized +14.4%

AVUS AMERICAN CENTY ETF TR 2.6%

Value ($000) $4,153 (-13.0%) Shares 37,154 (-15.4%) Est. Cost $96.68 Unrealized —

AVUV AMERICAN CENTY ETF TR 1.5%

Value ($000) $2,340 (-14.4%) Shares 22,949 (-16.4%) Est. Cost $96.14 Unrealized —

AVDE AMERICAN CENTY ETF TR 4.0%

Value ($000) $6,309 (-4.9%) Shares 76,643 (-8.9%) Est. Cost $61.70 Unrealized —

HD HOME DEPOT INC 0.4%

Value ($000) $682 (-20.6%) Shares 1,981 (-6.6%) Est. Cost $397.26 Unrealized -8.2%

AVDV AMERICAN CENTY ETF TR 1.1%

Value ($000) $1,820 (-8.6%) Shares 19,364 (-13.4%) Est. Cost $66.24 Unrealized —

XHLF BONDBLOXX ETF TRUST 0.3%

Value ($000) $557 (-20.9%) Shares 11,081 (-20.6%) Est. Cost $50.29 Unrealized —

XONE BONDBLOXX ETF TRUST 0.2%

Value ($000) $345 (-26.4%) Shares 6,967 (-26.2%) Est. Cost $49.72 Unrealized —

EWZ ISHARES INC 0.3%

Value ($000) $484 (-13.3%) Shares 15,229 (-15.4%) Est. Cost $31.00 Unrealized —

AXP AMERICAN EXPRESS CO 0.2%

Value ($000) $242 (+2.5%) Shares 655 (-8.0%) Est. Cost $279.37 Unrealized +27.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHO	SCHWAB STRATEGIC TR	959,862 (-10.2%)	$23,392 (-10.3%)	14.7%	$24.09	—	SHT TM US TRES	808524862
OVLH	LISTED FDS TR	326,654 (-10.8%)	$12,867 (-10.0%)	8.1%	$36.45	—	OVERLAY SHARES	53656F581
AAPL	APPLE INC	87,602 (-1.3%)	$23,816 (+5.4%)	15.0%	$234.51	+14.4%	COM	037833100
AVUS	AMERICAN CENTY ETF TR	37,154 (-15.4%)	$4,153 (-13.0%)	2.6%	$96.68	—	US EQT ETF	025072885
AVUV	AMERICAN CENTY ETF TR	22,949 (-16.4%)	$2,340 (-14.4%)	1.5%	$96.14	—	US SML CP VALU	025072877
AVDE	AMERICAN CENTY ETF TR	76,643 (-8.9%)	$6,309 (-4.9%)	4.0%	$61.70	—	INTL EQT ETF	025072703
HD	HOME DEPOT INC	1,981 (-6.6%)	$682 (-20.6%)	0.4%	$397.26	-8.2%	COM	437076102
AVDV	AMERICAN CENTY ETF TR	19,364 (-13.4%)	$1,820 (-8.6%)	1.1%	$66.24	—	INTL SMCP VLU	025072802
XHLF	BONDBLOXX ETF TRUST	11,081 (-20.6%)	$557 (-20.9%)	0.3%	$50.29	—	BLOOMBERG SIX MN	09789C788
XONE	BONDBLOXX ETF TRUST	6,967 (-26.2%)	$345 (-26.4%)	0.2%	$49.72	—	BLOOMBERG ONE YR	09789C861
EWZ	ISHARES INC	15,229 (-15.4%)	$484 (-13.3%)	0.3%	$31.00	—	MSCI BRAZIL ETF	464286400
AXP	AMERICAN EXPRESS CO	655 (-8.0%)	$242 (+2.5%)	0.2%	$279.37	+27.8%	COM	025816109

Unchanged Positions (16)

GOOGL ALPHABET INC 0.5%

Value ($000) $846 Shares 2,704 Est. Cost $163.29 Unrealized +74.9%

OVT LISTED FDS TR 6.9%

Value ($000) $11,017 Shares 501,083 Est. Cost $21.96 Unrealized —

MEG MONTROSE ENVIRONMENTAL GROUP 0.7%

Value ($000) $1,183 Shares 47,651 Est. Cost $20.41 Unrealized +29.4%

WMT WALMART INC 0.9%

Value ($000) $1,421 Shares 12,751 Est. Cost $86.45 Unrealized +24.0%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $1,232 Shares 10,241 Est. Cost $112.36 Unrealized +2.8%

IVZ INVESCO LTD 0.2%

Value ($000) $370 Shares 14,080 Est. Cost $16.96 Unrealized +43.4%

JNJ JOHNSON & JOHNSON 0.3%

Value ($000) $450 Shares 2,176 Est. Cost $149.59 Unrealized +31.7%

J JACOBS SOLUTIONS INC 0.2%

Value ($000) $265 Shares 2,000 Est. Cost $136.24 Unrealized +7.5%

JPM JPMORGAN CHASE & CO. 0.6%

Value ($000) $1,022 Shares 3,173 Est. Cost $228.03 Unrealized +35.7%

HTBK HERITAGE COMM CORP 0.1%

Value ($000) $151 Shares 12,595 Est. Cost $10.07 Unrealized +7.8%

DFAX DIMENSIONAL ETF TRUST 0.4%

Value ($000) $622 Shares 19,010 Est. Cost $24.86 Unrealized —

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $215 Shares 250 Est. Cost $922.64 Unrealized -1.8%

KO COCA COLA CO 0.1%

Value ($000) $224 Shares 3,205 Est. Cost $64.97 Unrealized +6.8%

CVX CHEVRON CORP NEW 0.3%

Value ($000) $529 Shares 3,468 Est. Cost $145.50 Unrealized +4.1%

IEFA ISHARES TR 0.2%

Value ($000) $361 Shares 4,033 Est. Cost $70.28 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 1.4%

Value ($000) $2,264 Shares 3 Est. Cost $729330.75 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	2,704	$846	0.5%	$163.29	+74.9%	CAP STK CL A	02079K305
OVT	LISTED FDS TR	501,083	$11,017	6.9%	$21.96	—	OVERLAY SHS SHRT	53656F573
MEG	MONTROSE ENVIRONMENTAL GROUP	47,651	$1,183	0.7%	$20.41	+29.4%	COM	615111101
WMT	WALMART INC	12,751	$1,421	0.9%	$86.45	+24.0%	COM	931142103
XOM	EXXON MOBIL CORP	10,241	$1,232	0.8%	$112.36	+2.8%	COM	30231G102
IVZ	INVESCO LTD	14,080	$370	0.2%	$16.96	+43.4%	SHS	G491BT108
JNJ	JOHNSON & JOHNSON	2,176	$450	0.3%	$149.59	+31.7%	COM	478160104
J	JACOBS SOLUTIONS INC	2,000	$265	0.2%	$136.24	+7.5%	COM	46982L108
JPM	JPMORGAN CHASE & CO.	3,173	$1,022	0.6%	$228.03	+35.7%	COM	46625H100
HTBK	HERITAGE COMM CORP	12,595	$151	0.1%	$10.07	+7.8%	COM	426927109
DFAX	DIMENSIONAL ETF TRUST	19,010	$622	0.4%	$24.86	—	WORLD EX US CORE	25434V880
COST	COSTCO WHSL CORP NEW	250	$215	0.1%	$922.64	-1.8%	COM	22160K105
KO	COCA COLA CO	3,205	$224	0.1%	$64.97	+6.8%	COM	191216100
CVX	CHEVRON CORP NEW	3,468	$529	0.3%	$145.50	+4.1%	COM	166764100
IEFA	ISHARES TR	4,033	$361	0.2%	$70.28	—	CORE MSCI EAFE	46432F842
BRK/A	BERKSHIRE HATHAWAY INC DEL	3	$2,264	1.4%	$729330.75	+2.3%	CL A	084670108