Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SONY	SONY GROUP CORP	489,017	$10.12M	2.9%	$20.70	—	SPONSORED ADR	835699307
KMI	KINDER MORGAN INC DEL	290,659	$9.746M	2.8%	$29.74	0.0%	COM	49456B101
UNP	UNION PAC CORP	35,670	$8.654M	2.5%	$243.32	0.0%	COM	907818108
THD	ISHARES INC	59,685	$4.141M	1.2%	$69.38	—	MSCI THAILND ETF	464286624
EPHE	ISHARES TR	144,540	$3.589M	1.0%	$24.83	—	MSCI PHILIPS ETF	46429B408
VMBS	VANGUARD SCOTTSDALE FDS	4,264	$200K	0.1%	$46.95	—	MTG-BKD SECS ETF	92206C771

Increased Positions (23)

CVX CHEVRON CORPORATION 2.0%

Value $6.925M (+92.1%) Shares 33,471 (+41.5%) Est. Cost $155.17 Unrealized +10.8%

VZ VERIZON COMMUNICATIONS INC 2.0%

Value $7.037M (+49.9%) Shares 140,177 (+21.6%) Est. Cost $40.09 Unrealized +9.3%

DLR DIGITAL RLTY TR INC 3.5%

Value $12.19M (+20.7%) Shares 67,638 (+3.6%) Est. Cost $123.12 Unrealized +25.9%

DUK DUKE ENERGY CORP NEW 4.3%

Value $15.04M (+14.5%) Shares 114,875 (+2.5%) Est. Cost $77.90 Unrealized +55.2%

HD HOME DEPOT INC 3.4%

Value $11.84M (+13.3%) Shares 36,000 (+18.5%) Est. Cost $268.94 Unrealized +40.2%

MO ALTRIA GROUP INC 1.8%

Value $6.304M (+27.2%) Shares 95,530 (+11.2%) Est. Cost $36.55 Unrealized +72.4%

PFE PFIZER INC 1.7%

Value $6.17M (+24.1%) Shares 219,730 (+10.0%) Est. Cost $24.69 Unrealized +6.0%

WMT WALMART INC 2.7%

Value $9.691M (+13.4%) Shares 77,981 (+1.6%) Est. Cost $55.07 Unrealized +121.6%

MSFT MICROSOFT CORP 2.8%

Value $9.888M (+12.0%) Shares 26,713 (+46.4%) Est. Cost $215.34 Unrealized +101.8%

AMZN AMAZON COM INC 3.2%

Value $11.13M (+6.5%) Shares 53,449 (+18.0%) Est. Cost $215.62 Unrealized +5.2%

PEP PEPSICO INC 1.7%

Value $6.033M (+11.4%) Shares 38,851 (+3.0%) Est. Cost $131.89 Unrealized +17.3%

NVDA NVIDIA CORPORATION 2.2%

Value $7.667M (+6.8%) Shares 43,964 (+14.2%) Est. Cost $134.79 Unrealized +38.5%

EIDO ISHARES TR 0.9%

Value $3.163M (-8.9%) Shares 200,332 (+7.9%) Est. Cost $18.44 Unrealized —

UPS UNITED PARCEL SVCS INC 1.5%

Value $5.147M (+3.3%) Shares 52,320 (+4.1%) Est. Cost $107.25 Unrealized +2.4%

FXI ISHARES TR 1.0%

Value $3.398M (-4.4%) Shares 94,659 (+1.9%) Est. Cost $13.16 Unrealized —

SWK STANLEY BLACK & DECKER INC 2.5%

Value $8.908M (+0.8%) Shares 125,362 (+5.3%) Est. Cost $75.83 Unrealized +11.4%

INDA ISHARES TR 1.6%

Value $5.618M (-1.1%) Shares 119,949 (+14.1%) Est. Cost $36.93 Unrealized —

META META PLATFORMS INC 3.0%

Value $10.63M (-0.6%) Shares 18,576 (+14.7%) Est. Cost $645.06 Unrealized +1.6%

IJR ISHARES TR 0.1%

Value $283K (+15.7%) Shares 2,277 (+11.9%) Est. Cost $119.47 Unrealized —

ZROZ PIMCO ETF TR 0.1%

Value $441K (+5.8%) Shares 6,890 (+6.2%) Est. Cost $66.92 Unrealized —

SCHZ SCHWAB STRATEGIC TR 0.6%

Value $2.042M (+0.8%) Shares 87,930 (+1.4%) Est. Cost $28.64 Unrealized —

LQD ISHARES TR 0.6%

Value $2.004M (+0.7%) Shares 18,384 (+1.8%) Est. Cost $87.47 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 0.6%

Value $1.996M (+0.3%) Shares 24,118 (+1.6%) Est. Cost $67.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVX	CHEVRON CORPORATION	33,471 (+41.5%)	$6.925M (+92.1%)	2.0%	$155.17	+10.8%	COM	166764100
VZ	VERIZON COMMUNICATIONS INC	140,177 (+21.6%)	$7.037M (+49.9%)	2.0%	$40.09	+9.3%	COM	92343V104
DLR	DIGITAL RLTY TR INC	67,638 (+3.6%)	$12.19M (+20.7%)	3.5%	$123.12	+25.9%	COM	253868103
DUK	DUKE ENERGY CORP NEW	114,875 (+2.5%)	$15.04M (+14.5%)	4.3%	$77.90	+55.2%	COM NEW	26441C204
HD	HOME DEPOT INC	36,000 (+18.5%)	$11.84M (+13.3%)	3.4%	$268.94	+40.2%	COM	437076102
MO	ALTRIA GROUP INC	95,530 (+11.2%)	$6.304M (+27.2%)	1.8%	$36.55	+72.4%	COM	02209S103
PFE	PFIZER INC	219,730 (+10.0%)	$6.17M (+24.1%)	1.7%	$24.69	+6.0%	COM	717081103
WMT	WALMART INC	77,981 (+1.6%)	$9.691M (+13.4%)	2.7%	$55.07	+121.6%	COM	931142103
MSFT	MICROSOFT CORP	26,713 (+46.4%)	$9.888M (+12.0%)	2.8%	$215.34	+101.8%	COM	594918104
AMZN	AMAZON COM INC	53,449 (+18.0%)	$11.13M (+6.5%)	3.2%	$215.62	+5.2%	COM	023135106
PEP	PEPSICO INC	38,851 (+3.0%)	$6.033M (+11.4%)	1.7%	$131.89	+17.3%	COM	713448108
NVDA	NVIDIA CORPORATION	43,964 (+14.2%)	$7.667M (+6.8%)	2.2%	$134.79	+38.5%	COM	67066G104
EIDO	ISHARES TR	200,332 (+7.9%)	$3.163M (-8.9%)	0.9%	$18.44	—	MSCI INDONIA ETF	46429B309
UPS	UNITED PARCEL SVCS INC	52,320 (+4.1%)	$5.147M (+3.3%)	1.5%	$107.25	+2.4%	CL B	911312106
FXI	ISHARES TR	94,659 (+1.9%)	$3.398M (-4.4%)	1.0%	$13.16	—	CHINA LG-CAP ETF	464287184
SWK	STANLEY BLACK & DECKER INC	125,362 (+5.3%)	$8.908M (+0.8%)	2.5%	$75.83	+11.4%	COM	854502101
INDA	ISHARES TR	119,949 (+14.1%)	$5.618M (-1.1%)	1.6%	$36.93	—	MSCI INDIA ETF	46429B598
META	META PLATFORMS INC	18,576 (+14.7%)	$10.63M (-0.6%)	3.0%	$645.06	+1.6%	CL A	30303M102
IJR	ISHARES TR	2,277 (+11.9%)	$283K (+15.7%)	0.1%	$119.47	—	CORE S&P SCP ETF	464287804
ZROZ	PIMCO ETF TR	6,890 (+6.2%)	$441K (+5.8%)	0.1%	$66.92	—	25YR+ ZERO U S	72201R882
SCHZ	SCHWAB STRATEGIC TR	87,930 (+1.4%)	$2.042M (+0.8%)	0.6%	$28.64	—	US AGGREGATE B	808524839
LQD	ISHARES TR	18,384 (+1.8%)	$2.004M (+0.7%)	0.6%	$87.47	—	IBOXX INV CP ETF	464287242
VCIT	VANGUARD SCOTTSDALE FDS	24,118 (+1.6%)	$1.996M (+0.3%)	0.6%	$67.02	—	INT-TERM CORP	92206C870

Exited Positions (5)

MDT MEDTRONIC PLC 2.3%

Value $8.023M Shares 83,522 Est. Cost $75.61 Unrealized +31.6%

ECH ISHARES INC 1.3%

Value $4.58M Shares 113,355 Est. Cost $29.78 Unrealized —

EWZ ISHARES INC 1.1%

Value $3.876M Shares 122,017 Est. Cost $25.93 Unrealized —

PM PHILIP MORRIS INTL INC 0.1%

Value $275K Shares 1,713 Est. Cost $63.84 Unrealized +175.5%

GLD SPDR GOLD TR 0.1%

Value $212K Shares 536 Est. Cost $396.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MDT	MEDTRONIC PLC	83,522	$8.023M	2.3%	$75.61	+31.6%	—	G5960L103
ECH	ISHARES INC	113,355	$4.58M	1.3%	$29.78	—	—	464286640
EWZ	ISHARES INC	122,017	$3.876M	1.1%	$25.93	—	—	464286400
PM	PHILIP MORRIS INTL INC	1,713	$275K	0.1%	$63.84	+175.5%	—	718172109
GLD	SPDR GOLD TR	536	$212K	0.1%	$396.31	—	—	78463V107

Decreased Positions (23)

IAU ISHARES GOLD TR 5.9%

Value $20.86M (-13.8%) Shares 236,663 (-20.6%) Est. Cost $41.04 Unrealized —

DHI D R HORTON INC 2.6%

Value $9.223M (-23.9%) Shares 67,213 (-20.1%) Est. Cost $81.11 Unrealized +92.2%

LMT LOCKHEED MARTIN CORP 2.4%

Value $8.503M (-24.4%) Shares 14,070 (-39.5%) Est. Cost $326.47 Unrealized +84.1%

AAPL APPLE INC 2.4%

Value $8.37M (-15.8%) Shares 32,979 (-9.8%) Est. Cost $106.95 Unrealized +145.7%

SRE SEMPRA 3.3%

Value $11.61M (-10.8%) Shares 119,464 (-19.0%) Est. Cost $63.50 Unrealized +41.0%

RSP INVESCO EXCHANGE TRADED FD T 2.1%

Value $7.426M (-14.7%) Shares 38,691 (-14.9%) Est. Cost $173.39 Unrealized —

GNRC GENERAC HLDGS INC 2.4%

Value $8.504M (-12.1%) Shares 43,536 (-38.6%) Est. Cost $143.56 Unrealized +27.6%

TGT TARGET CORP 1.8%

Value $6.445M (+21.6%) Shares 53,180 (-1.9%) Est. Cost $133.68 Unrealized -18.3%

AVDE AMERICAN CENTY ETF TR 6.0%

Value $21.11M (-4.9%) Shares 248,835 (-7.7%) Est. Cost $67.44 Unrealized —

JPM JPMORGAN CHASE & CO 2.3%

Value $8.21M (-11.0%) Shares 27,909 (-2.5%) Est. Cost $138.64 Unrealized +124.6%

NOC NORTHROP GRUMMAN CORP 2.6%

Value $9.039M (-7.7%) Shares 13,249 (-22.8%) Est. Cost $452.72 Unrealized +48.8%

VNM VANECK ETF TRUST 1.0%

Value $3.368M (-17.8%) Shares 194,598 (-9.3%) Est. Cost $2.17 Unrealized —

USB US BANCORP 1.6%

Value $5.583M (-8.5%) Shares 107,336 (-6.1%) Est. Cost $30.34 Unrealized +86.7%

BMY BRISTOL-MYERS SQUIBB CO 1.8%

Value $6.221M (+5.4%) Shares 102,578 (-6.3%) Est. Cost $42.26 Unrealized +35.9%

MRK MERCK & CO INC 1.7%

Value $6.151M (-4.5%) Shares 51,138 (-16.4%) Est. Cost $77.62 Unrealized +47.2%

EWM ISHARES INC 1.1%

Value $3.822M (-4.5%) Shares 134,527 (-8.0%) Est. Cost $22.10 Unrealized —

PFF ISHARES TR 0.1%

Value $439K (-25.0%) Shares 14,489 (-23.5%) Est. Cost $32.97 Unrealized —

GRMN GARMIN LTD 3.0%

Value $10.46M (-0.8%) Shares 45,088 (-13.3%) Est. Cost $145.60 Unrealized +47.3%

SCHM SCHWAB STRATEGIC TR 0.2%

Value $836K (-5.7%) Shares 27,009 (-8.4%) Est. Cost $36.64 Unrealized —

SCHE SCHWAB STRATEGIC TR 0.2%

Value $671K (-6.8%) Shares 20,361 (-7.3%) Est. Cost $37.61 Unrealized —

SCHV SCHWAB STRATEGIC TR 0.6%

Value $2.086M (-1.2%) Shares 68,387 (-4.1%) Est. Cost $28.16 Unrealized —

IJH ISHARES TR 0.1%

Value $281K (-5.4%) Shares 4,156 (-7.5%) Est. Cost $65.43 Unrealized —

AOR ISHARES TR 0.1%

Value $223K (-3.8%) Shares 3,459 (-2.8%) Est. Cost $64.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IAU	ISHARES GOLD TR	236,663 (-20.6%)	$20.86M (-13.8%)	5.9%	$41.04	—	ISHARES NEW	464285204
DHI	D R HORTON INC	67,213 (-20.1%)	$9.223M (-23.9%)	2.6%	$81.11	+92.2%	COM	23331A109
LMT	LOCKHEED MARTIN CORP	14,070 (-39.5%)	$8.503M (-24.4%)	2.4%	$326.47	+84.1%	COM	539830109
AAPL	APPLE INC	32,979 (-9.8%)	$8.37M (-15.8%)	2.4%	$106.95	+145.7%	COM	037833100
SRE	SEMPRA	119,464 (-19.0%)	$11.61M (-10.8%)	3.3%	$63.50	+41.0%	COM	816851109
RSP	INVESCO EXCHANGE TRADED FD T	38,691 (-14.9%)	$7.426M (-14.7%)	2.1%	$173.39	—	S&P500 EQL WGT	46137V357
GNRC	GENERAC HLDGS INC	43,536 (-38.6%)	$8.504M (-12.1%)	2.4%	$143.56	+27.6%	COM	368736104
TGT	TARGET CORP	53,180 (-1.9%)	$6.445M (+21.6%)	1.8%	$133.68	-18.3%	COM	87612E106
AVDE	AMERICAN CENTY ETF TR	248,835 (-7.7%)	$21.11M (-4.9%)	6.0%	$67.44	—	INTL EQT ETF	025072703
JPM	JPMORGAN CHASE & CO	27,909 (-2.5%)	$8.21M (-11.0%)	2.3%	$138.64	+124.6%	COM	46625H100
NOC	NORTHROP GRUMMAN CORP	13,249 (-22.8%)	$9.039M (-7.7%)	2.6%	$452.72	+48.8%	COM	666807102
VNM	VANECK ETF TRUST	194,598 (-9.3%)	$3.368M (-17.8%)	1.0%	$2.17	—	VANECK VIETNAM	92189F817
USB	US BANCORP	107,336 (-6.1%)	$5.583M (-8.5%)	1.6%	$30.34	+86.7%	COM NEW	902973304
BMY	BRISTOL-MYERS SQUIBB CO	102,578 (-6.3%)	$6.221M (+5.4%)	1.8%	$42.26	+35.9%	COM	110122108
MRK	MERCK & CO INC	51,138 (-16.4%)	$6.151M (-4.5%)	1.7%	$77.62	+47.2%	COM	58933Y105
EWM	ISHARES INC	134,527 (-8.0%)	$3.822M (-4.5%)	1.1%	$22.10	—	MSCI MLY ETF NEW	46434G814
PFF	ISHARES TR	14,489 (-23.5%)	$439K (-25.0%)	0.1%	$32.97	—	PFD AND INCM SEC	464288687
GRMN	GARMIN LTD	45,088 (-13.3%)	$10.46M (-0.8%)	3.0%	$145.60	+47.3%	SHS	H2906T109
SCHM	SCHWAB STRATEGIC TR	27,009 (-8.4%)	$836K (-5.7%)	0.2%	$36.64	—	US MID-CAP ETF	808524508
SCHE	SCHWAB STRATEGIC TR	20,361 (-7.3%)	$671K (-6.8%)	0.2%	$37.61	—	EMRG MKTEQ ETF	808524706
SCHV	SCHWAB STRATEGIC TR	68,387 (-4.1%)	$2.086M (-1.2%)	0.6%	$28.16	—	US LCAP VA ETF	808524409
IJH	ISHARES TR	4,156 (-7.5%)	$281K (-5.4%)	0.1%	$65.43	—	CORE S&P MCP ETF	464287507
AOR	ISHARES TR	3,459 (-2.8%)	$223K (-3.8%)	0.1%	$64.38	—	CORE 60/40 BALAN	464289867

Unchanged Positions (5)

HTFL HEARTFLOW INC 0.2%

Value $762K Shares 31,310 Est. Cost $32.19 Unrealized -10.0%

SCHF SCHWAB STRATEGIC TR 0.2%

Value $786K Shares 31,750 Est. Cost $23.87 Unrealized —

AOA ISHARES TR 0.3%

Value $903K Shares 10,204 Est. Cost $83.40 Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $384K Shares 2,657 Est. Cost $73.61 Unrealized +106.2%

EDV VANGUARD WORLD FD 0.1%

Value $516K Shares 7,942 Est. Cost $131.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HTFL	HEARTFLOW INC	31,310	$762K	0.2%	$32.19	-10.0%	COM	42238D107
SCHF	SCHWAB STRATEGIC TR	31,750	$786K	0.2%	$23.87	—	INTL EQTY ETF	808524805
AOA	ISHARES TR	10,204	$903K	0.3%	$83.40	—	CORE 80/20 AGGRE	464289859
PG	PROCTER & GAMBLE CO	2,657	$384K	0.1%	$73.61	+106.2%	COM	742718109
EDV	VANGUARD WORLD FD	7,942	$516K	0.1%	$131.63	—	EXTENDED DUR	921910709