Spectrum Strategic Capital Management, LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHY	ISHARES TR	107,339	$8,890	4.7%	$82.82	—	1 3 YR TREAS BD	464287457
VEA	VANGUARD TAX-MANAGED FDS	119,317	$7,454	4.0%	$62.47	—	VAN FTSE DEV MKT	921943858
SGOV	ISHARES TR	35,857	$3,599	1.9%	$100.38	—	0-3 MNTH TREASRY	46436E718
EPOL	ISHARES TR	69,169	$2,434	1.3%	$35.19	—	MSCI POLAND ETF	46429B606
KDEF	EXCHANGE LISTED FDS TR	51,687	$2,268	1.2%	$43.88	—	PLUS KOREA DEFE	30151E491
KBA	KRANESHARES TRUST	53,643	$1,658	0.9%	$30.90	—	BOSERA MSCI CHIN	500767405
KOID	KRANESHARES TRUST	51,831	$1,651	0.9%	$31.85	—	GLOBAL HUMANOID	500767751
EWS	ISHARES INC	57,990	$1,595	0.8%	$27.51	—	MSCI SINGPOR ETF	46434G780
ETHA	ISHARES ETHEREUM TR	68,321	$1,532	0.8%	$22.43	—	SHS	46438R105
KWEB	KRANESHARES TRUST	41,502	$1,413	0.8%	$34.05	—	CSI CHI INTERNET	500767306
REMX	VANECK ETF TRUST	17,245	$1,275	0.7%	$73.92	—	RARE EARTH AND S	92189H805
JBS	JBS N.V.	83,526	$1,204	0.6%	$13.74	0.0%	CL A SHS	N4732M103
JNJ	JOHNSON & JOHNSON	5,317	$1,100	0.6%	$197.01	0.0%	COM	478160104
COF	CAPITAL ONE FINL CORP	4,493	$1,089	0.6%	$222.19	0.0%	COM	14040H105
URA	GLOBAL X FDS	24,969	$1,067	0.6%	$42.73	—	GLOBAL X URANIUM	37954Y871
ABT	ABBOTT LABS	7,981	$1,000	0.5%	$127.30	0.0%	COM	002824100
MTUM	ISHARES TR	3,979	$996	0.5%	$250.31	—	MSCI USA MMENTM	46432F396
HSY	HERSHEY CO	5,473	$996	0.5%	$182.10	0.0%	COM	427866108
EME	EMCOR GROUP INC	1,586	$970	0.5%	$647.50	0.0%	COM	29084Q100
TDG	TRANSDIGM GROUP INC	607	$807	0.4%	$1310.75	0.0%	COM	893641100
ENSG	ENSIGN GROUP INC	4,185	$729	0.4%	$179.59	0.0%	COM	29358P101
CDNS	CADENCE DESIGN SYSTEM INC	2,208	$690	0.4%	$326.31	0.0%	COM	127387108
DG	DOLLAR GEN CORP NEW	4,808	$638	0.3%	$111.51	0.0%	COM	256677105
DOCN	DIGITALOCEAN HLDGS INC	12,594	$606	0.3%	$44.03	0.0%	COM	25402D102
ENS	ENERSYS	4,075	$598	0.3%	$133.36	0.0%	COM	29275Y102
GEV	GE VERNOVA INC	906	$592	0.3%	$609.04	0.0%	COM	36828A101
MS	MORGAN STANLEY	3,229	$573	0.3%	$166.47	0.0%	COM NEW	617446448
MTG	MGIC INVT CORP WIS	19,459	$569	0.3%	$28.08	0.0%	COM	552848103
VWO	VANGUARD INTL EQUITY INDEX F	10,404	$559	0.3%	$53.76	—	FTSE EMR MKT ETF	922042858
PLD	PROLOGIS INC.	4,129	$527	0.3%	$123.86	0.0%	COM	74340W103
VLO	VALERO ENERGY CORP	3,169	$516	0.3%	$168.83	0.0%	COM	91913Y100
NEE	NEXTERA ENERGY INC	6,366	$511	0.3%	$82.50	0.0%	COM	65339F101
AEP	AMERICAN ELEC PWR CO INC	4,408	$508	0.3%	$117.70	0.0%	COM	025537101
APD	AIR PRODS & CHEMS INC	2,005	$495	0.3%	$251.65	0.0%	COM	009158106
SHW	SHERWIN WILLIAMS CO	1,525	$494	0.3%	$334.11	0.0%	COM	824348106
CALF	PACER FDS TR	10,303	$457	0.2%	$44.37	—	US SMALL CAP CAS	69374H857
OLED	UNIVERSAL DISPLAY CORP	3,767	$440	0.2%	$129.25	0.0%	COM	91347P105
USIG	ISHARES TR	6,984	$362	0.2%	$51.77	—	USD INV GRDE ETF	464288620
SPHY	SPDR SERIES TRUST	10,185	$241	0.1%	$23.67	—	STATE STREET SPD	78468R606

Increased Positions (13)

TLT ISHARES TR 1.9%

Value ($000) $3,557 (+116.3%) Shares 40,807 (+121.8%) Est. Cost $91.52 Unrealized —

MSFT MICROSOFT CORP 3.3%

Value ($000) $6,151 (+44.6%) Shares 12,719 (+54.8%) Est. Cost $427.12 Unrealized +17.2%

AAPL APPLE INC 3.7%

Value ($000) $6,922 (+33.4%) Shares 25,460 (+25.0%) Est. Cost $202.08 Unrealized +32.8%

IAUM ISHARES GOLD TR 3.4%

Value ($000) $6,466 (+28.4%) Shares 150,411 (+15.0%) Est. Cost $34.29 Unrealized —

NVDA NVIDIA CORPORATION 3.4%

Value ($000) $6,482 (+28.0%) Shares 34,757 (+28.1%) Est. Cost $120.66 Unrealized +54.3%

AMZN AMAZON COM INC 2.2%

Value ($000) $4,200 (+41.2%) Shares 18,195 (+34.3%) Est. Cost $170.23 Unrealized +34.4%

ZGN ERMENEGILDO ZEGNA N V 0.6%

Value ($000) $1,144 (+988.3%) Shares 111,572 (+903.3%) Est. Cost $10.22 Unrealized -0.2%

IEF ISHARES TR 1.9%

Value ($000) $3,666 (+31.3%) Shares 38,129 (+31.7%) Est. Cost $94.60 Unrealized —

ITOT ISHARES TR 7.4%

Value ($000) $14,010 (+4.7%) Shares 94,222 (+2.6%) Est. Cost $106.32 Unrealized —

NFLX NETFLIX INC 0.5%

Value ($000) $973 (+69.5%) Shares 10,382 (+2067.4%) Est. Cost $105.43 Unrealized +2.3%

JPM JPMORGAN CHASE & CO. 1.0%

Value ($000) $1,799 (+19.1%) Shares 5,582 (+16.6%) Est. Cost $256.71 Unrealized +20.6%

XLE SELECT SECTOR SPDR TR 0.9%

Value ($000) $1,676 (-12.0%) Shares 37,484 (+75.9%) Est. Cost $67.74 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 1.1%

Value ($000) $2,123 (-6.7%) Shares 27,856 (+22.2%) Est. Cost $90.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	40,807 (+121.8%)	$3,557 (+116.3%)	1.9%	$91.52	—	20 YR TR BD ETF	464287432
MSFT	MICROSOFT CORP	12,719 (+54.8%)	$6,151 (+44.6%)	3.3%	$427.12	+17.2%	COM	594918104
AAPL	APPLE INC	25,460 (+25.0%)	$6,922 (+33.4%)	3.7%	$202.08	+32.8%	COM	037833100
IAUM	ISHARES GOLD TR	150,411 (+15.0%)	$6,466 (+28.4%)	3.4%	$34.29	—	SHARES REPRESENT	46436F103
NVDA	NVIDIA CORPORATION	34,757 (+28.1%)	$6,482 (+28.0%)	3.4%	$120.66	+54.3%	COM	67066G104
AMZN	AMAZON COM INC	18,195 (+34.3%)	$4,200 (+41.2%)	2.2%	$170.23	+34.4%	COM	023135106
ZGN	ERMENEGILDO ZEGNA N V	111,572 (+903.3%)	$1,144 (+988.3%)	0.6%	$10.22	-0.2%	ORD SHS	N30577105
IEF	ISHARES TR	38,129 (+31.7%)	$3,666 (+31.3%)	1.9%	$94.60	—	7-10 YR TRSY BD	464287440
ITOT	ISHARES TR	94,222 (+2.6%)	$14,010 (+4.7%)	7.4%	$106.32	—	CORE S&P TTL STK	464287150
NFLX	NETFLIX INC	10,382 (+2067.4%)	$973 (+69.5%)	0.5%	$105.43	+2.3%	COM	64110L106
JPM	JPMORGAN CHASE & CO.	5,582 (+16.6%)	$1,799 (+19.1%)	1.0%	$256.71	+20.6%	COM	46625H100
XLE	SELECT SECTOR SPDR TR	37,484 (+75.9%)	$1,676 (-12.0%)	0.9%	$67.74	—	STATE STREET ENE	81369Y506
FBTC	FIDELITY WISE ORIGIN BITCOIN	27,856 (+22.2%)	$2,123 (-6.7%)	1.1%	$90.76	—	SHS	315948109

Exited Positions (4)

— SPDR S&P 500 ETF TR 14.9%

Value ($000) $28,113 Shares 42,200 Est. Cost — Unrealized —

IUSB ISHARES TR 0.3%

Value ($000) $493 Shares 10,551 Est. Cost $46.99 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.2%

Value ($000) $325 Shares 465 Est. Cost $332.48 Unrealized +88.0%

GOOG ALPHABET INC 0.1%

Value ($000) $245 Shares 1,005 Est. Cost $143.27 Unrealized +99.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR S&P 500 ETF TR	42,200	$28,113	14.9%	—	—	PUT	78462F953
IUSB	ISHARES TR	10,551	$493	0.3%	$46.99	—	—	46434V613
SPOT	SPOTIFY TECHNOLOGY S A	465	$325	0.2%	$332.48	+88.0%	—	L8681T102
GOOG	ALPHABET INC	1,005	$245	0.1%	$143.27	+99.9%	—	02079K107

Decreased Positions (21)

SPY SPDR S&P 500 ETF TR 12.4%

Value ($000) $23,266 (-47.8%) Shares 34,118 (-49.0%) Est. Cost $606.50 Unrealized —

COWZ PACER FDS TR 0.1%

Value ($000) $202 (-96.5%) Shares 3,352 (-96.7%) Est. Cost $57.35 Unrealized —

IVV ISHARES TR 2.9%

Value ($000) $5,534 (-32.0%) Shares 8,079 (-33.6%) Est. Cost $537.56 Unrealized —

SPYM SPDR SERIES TRUST 1.9%

Value ($000) $3,599 (-40.0%) Shares 44,865 (-41.4%) Est. Cost $70.66 Unrealized —

T AT&T INC 0.3%

Value ($000) $613 (-74.8%) Shares 24,670 (-71.4%) Est. Cost $27.03 Unrealized -6.5%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.5%

Value ($000) $1,013 (-64.2%) Shares 45,378 (-60.5%) Est. Cost $17.89 Unrealized +18.0%

LQD ISHARES TR 0.9%

Value ($000) $1,654 (-45.2%) Shares 15,013 (-44.5%) Est. Cost $109.12 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.8%

Value ($000) $1,416 (-47.1%) Shares 6,610 (-60.0%) Est. Cost $120.74 Unrealized +86.0%

LNG CHENIERE ENERGY INC 0.5%

Value ($000) $1,012 (-55.1%) Shares 5,207 (-45.7%) Est. Cost $233.37 Unrealized -10.0%

CVX CHEVRON CORP NEW 0.6%

Value ($000) $1,203 (-44.6%) Shares 7,894 (-43.5%) Est. Cost $137.00 Unrealized +10.5%

GOOGL ALPHABET INC 3.0%

Value ($000) $5,555 (+18.1%) Shares 17,748 (-8.3%) Est. Cost $146.13 Unrealized +95.4%

GOVT ISHARES TR 5.3%

Value ($000) $9,987 (-7.2%) Shares 433,752 (-6.8%) Est. Cost $23.02 Unrealized —

PPA INVESCO EXCHANGE TRADED FD T 1.4%

Value ($000) $2,565 (-21.5%) Shares 16,374 (-22.1%) Est. Cost $93.03 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value ($000) $1,180 (-37.1%) Shares 2,347 (-37.1%) Est. Cost $507.39 Unrealized -1.9%

QQQM INVESCO EXCH TRADED FD TR II 0.4%

Value ($000) $823 (-41.5%) Shares 3,254 (-42.8%) Est. Cost $212.02 Unrealized —

META META PLATFORMS INC 1.2%

Value ($000) $2,297 (-18.9%) Shares 3,480 (-9.8%) Est. Cost $616.61 Unrealized +8.2%

BUG GLOBAL X FDS 0.5%

Value ($000) $952 (-33.1%) Shares 31,252 (-22.8%) Est. Cost $37.10 Unrealized —

KO COCA COLA CO 0.3%

Value ($000) $551 (-44.9%) Shares 7,885 (-47.7%) Est. Cost $69.76 Unrealized -0.5%

PEP PEPSICO INC 0.3%

Value ($000) $581 (-7.3%) Shares 4,045 (-9.3%) Est. Cost $153.75 Unrealized -5.1%

IXUS ISHARES TR 0.2%

Value ($000) $446 (-4.9%) Shares 5,266 (-7.2%) Est. Cost $65.31 Unrealized —

IEMG ISHARES INC 0.1%

Value ($000) $269 (-4.6%) Shares 3,995 (-6.5%) Est. Cost $50.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	34,118 (-49.0%)	$23,266 (-47.8%)	12.4%	$606.50	—	TR UNIT	78462F103
COWZ	PACER FDS TR	3,352 (-96.7%)	$202 (-96.5%)	0.1%	$57.35	—	US CASH COWS 100	69374H881
IVV	ISHARES TR	8,079 (-33.6%)	$5,534 (-32.0%)	2.9%	$537.56	—	CORE S&P500 ETF	464287200
SPYM	SPDR SERIES TRUST	44,865 (-41.4%)	$3,599 (-40.0%)	1.9%	$70.66	—	STATE STREET SPD	78464A854
T	AT&T INC	24,670 (-71.4%)	$613 (-74.8%)	0.3%	$27.03	-6.5%	COM	00206R102
NCLH	NORWEGIAN CRUISE LINE HLDG L	45,378 (-60.5%)	$1,013 (-64.2%)	0.5%	$17.89	+18.0%	SHS	G66721104
LQD	ISHARES TR	15,013 (-44.5%)	$1,654 (-45.2%)	0.9%	$109.12	—	IBOXX INV CP ETF	464287242
AMD	ADVANCED MICRO DEVICES INC	6,610 (-60.0%)	$1,416 (-47.1%)	0.8%	$120.74	+86.0%	COM	007903107
LNG	CHENIERE ENERGY INC	5,207 (-45.7%)	$1,012 (-55.1%)	0.5%	$233.37	-10.0%	COM NEW	16411R208
CVX	CHEVRON CORP NEW	7,894 (-43.5%)	$1,203 (-44.6%)	0.6%	$137.00	+10.5%	COM	166764100
GOOGL	ALPHABET INC	17,748 (-8.3%)	$5,555 (+18.1%)	3.0%	$146.13	+95.4%	CAP STK CL A	02079K305
GOVT	ISHARES TR	433,752 (-6.8%)	$9,987 (-7.2%)	5.3%	$23.02	—	US TREAS BD ETF	46429B267
PPA	INVESCO EXCHANGE TRADED FD T	16,374 (-22.1%)	$2,565 (-21.5%)	1.4%	$93.03	—	AEROSPACE DEFN	46137V100
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,347 (-37.1%)	$1,180 (-37.1%)	0.6%	$507.39	-1.9%	CL B NEW	084670702
QQQM	INVESCO EXCH TRADED FD TR II	3,254 (-42.8%)	$823 (-41.5%)	0.4%	$212.02	—	NASDAQ 100 ETF	46138G649
META	META PLATFORMS INC	3,480 (-9.8%)	$2,297 (-18.9%)	1.2%	$616.61	+8.2%	CL A	30303M102
BUG	GLOBAL X FDS	31,252 (-22.8%)	$952 (-33.1%)	0.5%	$37.10	—	CYBRSCURTY ETF	37954Y384
KO	COCA COLA CO	7,885 (-47.7%)	$551 (-44.9%)	0.3%	$69.76	-0.5%	COM	191216100
PEP	PEPSICO INC	4,045 (-9.3%)	$581 (-7.3%)	0.3%	$153.75	-5.1%	COM	713448108
IXUS	ISHARES TR	5,266 (-7.2%)	$446 (-4.9%)	0.2%	$65.31	—	CORE MSCI TOTAL	46432F834
IEMG	ISHARES INC	3,995 (-6.5%)	$269 (-4.6%)	0.1%	$50.79	—	CORE MSCI EMKT	46434G103

Unchanged Positions (5)

QQQ INVESCO QQQ TR 5.1%

Value ($000) $9,626 Shares 15,670 Est. Cost $418.16 Unrealized —

LRCX LAM RESEARCH CORP 0.2%

Value ($000) $389 Shares 2,270 Est. Cost $78.86 Unrealized +97.0%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $507 Shares 4,212 Est. Cost $97.75 Unrealized +18.1%

TRMB TRIMBLE INC 0.1%

Value ($000) $235 Shares 3,000 Est. Cost $67.18 Unrealized +18.6%

YUM YUM BRANDS INC 0.2%

Value ($000) $420 Shares 2,777 Est. Cost $119.71 Unrealized +23.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	15,670	$9,626	5.1%	$418.16	—	UNIT SER 1	46090E103
LRCX	LAM RESEARCH CORP	2,270	$389	0.2%	$78.86	+97.0%	COM NEW	512807306
XOM	EXXON MOBIL CORP	4,212	$507	0.3%	$97.75	+18.1%	COM	30231G102
TRMB	TRIMBLE INC	3,000	$235	0.1%	$67.18	+18.6%	COM	896239100
YUM	YUM BRANDS INC	2,777	$420	0.2%	$119.71	+23.4%	COM	988498101