Beacon Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPXU	PROSHARES TR	11,250	$559	0.0%	$49.72	—	ULTRAPRO SHORT S	74350P659
SMA	SMARTSTOP SELF STORAG REIT I	832	$26	0.0%	$30.94	—	COMMON STOCK	83192D402
JPST	J P MORGAN EXCHANGE TRADED F	330	$17	0.0%	$50.59	—	ULTRA SHRT ETF	46641Q837
RXL	PROSHARES TR	96	$5	0.0%	$51.81	—	PSHS ULT HLTHCRE	74347R735
—	FS SPECIALTY LENDING FD	202	$3	0.0%	$14.14	—	COM SH BEN INT	644323107
XME	SPDR SERIES TRUST	22	$2	0.0%	$103.59	—	STATE STREET SPD	78464A755
BITQ	BITWISE FUNDS TRUST	95	$2	0.0%	$19.93	—	CRYPTO INDUSTRY	09175C103
COPX	GLOBAL X FDS	22	$2	0.0%	$71.77	—	GLOBAL X COPPER	37954Y830
GOOGL	ALPHABET INC	1	$0	0.0%	$285.60	0.0%	CAP STK CL A	02079K305
BRK/B	BERKSHIRE HATHAWAY INC DEL	1	$0	0.0%	$497.53	0.0%	CL B NEW	084670702
WAL	WESTERN ALLIANCE BANCORP	1	$0	0.0%	$80.63	0.0%	COM	957638109
JEPQ	J P MORGAN EXCHANGE TRADED F	1	$0	0.0%	$20.00	—	NASDAQ EQT PREM	46654Q203
KNG	FIRST TR EXCHANGE-TRADED FD	1	$0	0.0%	$11.00	—	FT VEST S&P 500	33739Q705
G	GENPACT LIMITED	1	$0	0.0%	$43.25	0.0%	SHS	G3922B107
RSP	INVESCO EXCHANGE TRADED FD T	1	$0	0.0%	$7.00	—	S&P500 EQL WGT	46137V357
TDSC	EXCHANGE LISTED FDS TR	1	$0	0.0%	$3.00	—	ETC CABANA TARGT	30151E715
MDXG	MIMEDX GROUP INC	1	$0	0.0%	$7.01	0.0%	COM	602496101

Increased Positions (19)

EDV VANGUARD WORLD FD 1.8%

Value ($000) $33,004 (+134582.3%) Shares 507,674 (+141708.4%) Est. Cost $65.01 Unrealized —

VHT VANGUARD WORLD FD 5.8%

Value ($000) $109,211 (+33.8%) Shares 379,402 (+20.7%) Est. Cost $255.98 Unrealized —

QQQ INVESCO QQQ TR 7.2%

Value ($000) $134,077 (+13.3%) Shares 218,257 (+10.7%) Est. Cost $460.42 Unrealized —

SPY SPDR S&P 500 ETF TR 4.7%

Value ($000) $87,469 (+16.8%) Shares 128,269 (+14.1%) Est. Cost $608.94 Unrealized —

FLRN SPDR SERIES TRUST 0.7%

Value ($000) $12,193 (+141025.8%) Shares 396,787 (+141609.6%) Est. Cost $30.73 Unrealized —

XLK SELECT SECTOR SPDR TR 0.4%

Value ($000) $6,844 (-40.6%) Shares 47,537 (+16.3%) Est. Cost $262.54 Unrealized —

SSO PROSHARES TR 0.1%

Value ($000) $2,101 (+197.0%) Shares 36,275 (+475.0%) Est. Cost $67.24 Unrealized —

QLD PROSHARES TR 0.1%

Value ($000) $2,069 (+185.8%) Shares 29,383 (+456.9%) Est. Cost $82.25 Unrealized —

XLE SELECT SECTOR SPDR TR 0.1%

Value ($000) $1,597 (-18.7%) Shares 35,714 (+62.5%) Est. Cost $72.17 Unrealized —

XLB SELECT SECTOR SPDR TR 0.1%

Value ($000) $1,216 (-13.6%) Shares 26,810 (+70.7%) Est. Cost $71.28 Unrealized —

IGIB ISHARES TR 0.0%

Value ($000) $103 (+302.9%) Shares 1,913 (+304.4%) Est. Cost $53.93 Unrealized —

XTEN BONDBLOXX ETF TRUST 0.0%

Value ($000) $55 (+298.5%) Shares 1,182 (+302.0%) Est. Cost $46.32 Unrealized —

XONE BONDBLOXX ETF TRUST 0.0%

Value ($000) $41 (+303.4%) Shares 833 (+304.4%) Est. Cost $49.57 Unrealized —

BKHY BNY MELLON ETF TRUST 0.0%

Value ($000) $35 (+303.2%) Shares 719 (+308.5%) Est. Cost $48.22 Unrealized —

GSY INVESCO ACTIVELY MANAGED EXC 0.0%

Value ($000) $34 (+302.5%) Shares 684 (+302.4%) Est. Cost $50.25 Unrealized —

SPBU AIM ETF PRODUCTS TRUST 0.0%

Value ($000) $43 (+148.3%) Shares 1,535 (+144.4%) Est. Cost $27.77 Unrealized —

LONZ PIMCO ETF TR 0.0%

Value ($000) $34 (+301.5%) Shares 677 (+307.8%) Est. Cost $50.47 Unrealized —

SRLN SSGA ACTIVE ETF TR 0.0%

Value ($000) $35 (+64.0%) Shares 846 (+65.2%) Est. Cost $41.46 Unrealized —

UPW PROSHARES TR 0.0%

Value ($000) $5 (-4.9%) Shares 208 (+300.0%) Est. Cost $36.49 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EDV	VANGUARD WORLD FD	507,674 (+141708.4%)	$33,004 (+134582.3%)	1.8%	$65.01	—	EXTENDED DUR	921910709
VHT	VANGUARD WORLD FD	379,402 (+20.7%)	$109,211 (+33.8%)	5.8%	$255.98	—	HEALTH CAR ETF	92204A504
QQQ	INVESCO QQQ TR	218,257 (+10.7%)	$134,077 (+13.3%)	7.2%	$460.42	—	UNIT SER 1	46090E103
SPY	SPDR S&P 500 ETF TR	128,269 (+14.1%)	$87,469 (+16.8%)	4.7%	$608.94	—	TR UNIT	78462F103
FLRN	SPDR SERIES TRUST	396,787 (+141609.6%)	$12,193 (+141025.8%)	0.7%	$30.73	—	STATE STREET SPD	78468R200
XLK	SELECT SECTOR SPDR TR	47,537 (+16.3%)	$6,844 (-40.6%)	0.4%	$262.54	—	STATE STREET TEC	81369Y803
SSO	PROSHARES TR	36,275 (+475.0%)	$2,101 (+197.0%)	0.1%	$67.24	—	PSHS ULT S&P 500	74347R107
QLD	PROSHARES TR	29,383 (+456.9%)	$2,069 (+185.8%)	0.1%	$82.25	—	PSHS ULTRA QQQ	74347R206
XLE	SELECT SECTOR SPDR TR	35,714 (+62.5%)	$1,597 (-18.7%)	0.1%	$72.17	—	STATE STREET ENE	81369Y506
XLB	SELECT SECTOR SPDR TR	26,810 (+70.7%)	$1,216 (-13.6%)	0.1%	$71.28	—	STATE STREET MAT	81369Y100
IGIB	ISHARES TR	1,913 (+304.4%)	$103 (+302.9%)	0.0%	$53.93	—	ISHS 5-10YR INVT	464288638
XTEN	BONDBLOXX ETF TRUST	1,182 (+302.0%)	$55 (+298.5%)	0.0%	$46.32	—	BLOOMBERG TEN YR	09789C812
XONE	BONDBLOXX ETF TRUST	833 (+304.4%)	$41 (+303.4%)	0.0%	$49.57	—	BLOOMBERG ONE YR	09789C861
BKHY	BNY MELLON ETF TRUST	719 (+308.5%)	$35 (+303.2%)	0.0%	$48.22	—	HIGH YIELD ETF	09661T800
GSY	INVESCO ACTIVELY MANAGED EXC	684 (+302.4%)	$34 (+302.5%)	0.0%	$50.25	—	ULTRA SHRT DUR	46090A887
SPBU	AIM ETF PRODUCTS TRUST	1,535 (+144.4%)	$43 (+148.3%)	0.0%	$27.77	—	ALLIANZIM BUF 15	00888H455
LONZ	PIMCO ETF TR	677 (+307.8%)	$34 (+301.5%)	0.0%	$50.47	—	SR LN ACTIVE ETF	72201R627
SRLN	SSGA ACTIVE ETF TR	846 (+65.2%)	$35 (+64.0%)	0.0%	$41.46	—	STATE STREET BLA	78467V608
UPW	PROSHARES TR	208 (+300.0%)	$5 (-4.9%)	0.0%	$36.49	—	PSHS ULTRA UTIL	74347R685

Exited Positions (21)

CMDT PIMCO COMMODITY STRATEGY ACTIV 0.6%

Value ($000) $10,974 Shares 400,497 Est. Cost $27.40 Unrealized —

— PROSHARES TR 0.0%

Value ($000) $608 Shares 45,000 Est. Cost $19.21 Unrealized —

CTAS CINTAS CORP 0.0%

Value ($000) $246 Shares 1,200 Est. Cost $166.64 Unrealized +12.9%

RWL INVESCO EXCH TRADED FD TR II 0.0%

Value ($000) $62 Shares 557 Est. Cost $104.29 Unrealized —

SPTS SPDR SERIES TRUST 0.0%

Value ($000) $52 Shares 1,780 Est. Cost $29.29 Unrealized —

NSEP INNOVATOR ETFS TRUST 0.0%

Value ($000) $37 Shares 1,285 Est. Cost $28.67 Unrealized —

QQQM INVESCO EXCH TRADED FD TR II 0.0%

Value ($000) $33 Shares 135 Est. Cost $227.10 Unrealized —

FSK FS KKR CAP CORP 0.0%

Value ($000) $18 Shares 1,234 Est. Cost $18.13 Unrealized -18.9%

SPHQ INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $18 Shares 249 Est. Cost $71.26 Unrealized —

EWX SPDR INDEX SHS FDS 0.0%

Value ($000) $17 Shares 258 Est. Cost $67.29 Unrealized —

WPC WP CAREY INC 0.0%

Value ($000) $15 Shares 224 Est. Cost $62.39 Unrealized —

ABBV ABBVIE INC 0.0%

Value ($000) $14 Shares 60 Est. Cost $201.95 Unrealized +12.7%

VO VANGUARD INDEX FDS 0.0%

Value ($000) $12 Shares 41 Est. Cost $279.83 Unrealized —

— EXCHANGE TRADED CONCEPTS TRU 0.0%

Value ($000) $11 Shares 437 Est. Cost $25.07 Unrealized —

RTH VANECK ETF TRUST 0.0%

Value ($000) $11 Shares 42 Est. Cost $238.66 Unrealized —

ABT ABBOTT LABS 0.0%

Value ($000) $9 Shares 70 Est. Cost $130.61 Unrealized -2.5%

NLR VANECK ETF TRUST 0.0%

Value ($000) $5 Shares 39 Est. Cost $135.64 Unrealized —

— COHEN & STEERS INFRASTRUCTUR 0.0%

Value ($000) $4 Shares 45,000 Est. Cost $0.08 Unrealized —

SMR NUSCALE PWR CORP 0.0%

Value ($000) $1 Shares 15 Est. Cost $25.09 Unrealized +14.0%

NLOP NET LEASE OFFICE PROPERTIES 0.0%

Value ($000) $0 Shares 14 Est. Cost $32.57 Unrealized —

TAIT TAITRON COMPONENTS INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $2.21 Unrealized -18.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMDT	PIMCO COMMODITY STRATEGY ACTIV	400,497	$10,974	0.6%	$27.40	—	—	72201R593
—	PROSHARES TR	45,000	$608	0.0%	$19.21	—	—	74349Y845
CTAS	CINTAS CORP	1,200	$246	0.0%	$166.64	+12.9%	—	172908105
RWL	INVESCO EXCH TRADED FD TR II	557	$62	0.0%	$104.29	—	—	46138G698
SPTS	SPDR SERIES TRUST	1,780	$52	0.0%	$29.29	—	—	78468R101
NSEP	INNOVATOR ETFS TRUST	1,285	$37	0.0%	$28.67	—	—	45784N205
QQQM	INVESCO EXCH TRADED FD TR II	135	$33	0.0%	$227.10	—	—	46138G649
FSK	FS KKR CAP CORP	1,234	$18	0.0%	$18.13	-18.9%	—	302635206
SPHQ	INVESCO EXCHANGE TRADED FD T	249	$18	0.0%	$71.26	—	—	46137V241
EWX	SPDR INDEX SHS FDS	258	$17	0.0%	$67.29	—	—	78463X756
WPC	WP CAREY INC	224	$15	0.0%	$62.39	—	—	92936U109
ABBV	ABBVIE INC	60	$14	0.0%	$201.95	+12.7%	—	00287Y109
VO	VANGUARD INDEX FDS	41	$12	0.0%	$279.83	—	—	922908629
—	EXCHANGE TRADED CONCEPTS TRU	437	$11	0.0%	$25.07	—	—	301505624
RTH	VANECK ETF TRUST	42	$11	0.0%	$238.66	—	—	92189F684
ABT	ABBOTT LABS	70	$9	0.0%	$130.61	-2.5%	—	002824100
NLR	VANECK ETF TRUST	39	$5	0.0%	$135.64	—	—	92189F601
—	COHEN & STEERS INFRASTRUCTUR	45,000	$4	0.0%	$0.08	—	—	19248A117
SMR	NUSCALE PWR CORP	15	$1	0.0%	$25.09	+14.0%	—	67079K100
NLOP	NET LEASE OFFICE PROPERTIES	14	$0	0.0%	$32.57	—	—	64110Y108
TAIT	TAITRON COMPONENTS INC	1	$0	0.0%	$2.21	-18.0%	—	874028103

Decreased Positions (46)

BSV VANGUARD BD INDEX FDS 1.6%

Value ($000) $30,649 (-62.6%) Shares 388,899 (-62.5%) Est. Cost $77.87 Unrealized —

BLV VANGUARD BD INDEX FDS 3.3%

Value ($000) $62,274 (-21.5%) Shares 895,767 (-20.0%) Est. Cost $68.87 Unrealized —

VPU VANGUARD WORLD FD 5.6%

Value ($000) $104,346 (-13.8%) Shares 563,909 (-11.8%) Est. Cost $163.85 Unrealized —

BIV VANGUARD BD INDEX FDS 3.4%

Value ($000) $63,185 (-20.2%) Shares 811,309 (-20.0%) Est. Cost $75.86 Unrealized —

PSP INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $113 (-99.3%) Shares 1,681 (-99.3%) Est. Cost $68.57 Unrealized —

VGT VANGUARD WORLD FD 5.9%

Value ($000) $109,856 (-12.1%) Shares 145,740 (-12.9%) Est. Cost $601.83 Unrealized —

VCR VANGUARD WORLD FD 5.6%

Value ($000) $104,645 (-11.2%) Shares 265,649 (-10.7%) Est. Cost $341.80 Unrealized —

VIS VANGUARD WORLD FD 5.7%

Value ($000) $105,684 (-10.3%) Shares 354,194 (-11.0%) Est. Cost $261.62 Unrealized —

VOX VANGUARD WORLD FD 6.2%

Value ($000) $116,071 (-9.3%) Shares 599,447 (-12.1%) Est. Cost $154.24 Unrealized —

VDC VANGUARD WORLD FD 5.1%

Value ($000) $95,424 (-10.6%) Shares 451,731 (-9.5%) Est. Cost $213.15 Unrealized —

VDE VANGUARD WORLD FD 5.4%

Value ($000) $100,446 (-10.0%) Shares 797,700 (-10.1%) Est. Cost $120.70 Unrealized —

VNQ VANGUARD INDEX FDS 3.7%

Value ($000) $69,002 (-13.6%) Shares 779,768 (-10.7%) Est. Cost $88.65 Unrealized —

VFH VANGUARD WORLD FD 5.7%

Value ($000) $105,802 (-8.9%) Shares 792,581 (-10.4%) Est. Cost $116.31 Unrealized —

VAW VANGUARD WORLD FD 5.5%

Value ($000) $102,434 (-8.9%) Shares 493,540 (-10.1%) Est. Cost $196.38 Unrealized —

SPYM SPDR SERIES TRUST 1.1%

Value ($000) $21,205 (-30.7%) Shares 264,331 (-32.3%) Est. Cost $78.34 Unrealized —

SPTM SPDR SERIES TRUST 1.1%

Value ($000) $21,275 (-29.4%) Shares 257,874 (-31.0%) Est. Cost $80.65 Unrealized —

VTIP VANGUARD MALVERN FDS 1.9%

Value ($000) $34,790 (-20.2%) Shares 703,402 (-18.3%) Est. Cost $48.69 Unrealized —

JAAA JANUS DETROIT STR TR 1.0%

Value ($000) $17,855 (-30.3%) Shares 353,004 (-30.0%) Est. Cost $50.78 Unrealized —

VFLO VICTORY PORTFOLIOS II 0.9%

Value ($000) $16,975 (-30.7%) Shares 431,054 (-34.0%) Est. Cost $37.50 Unrealized —

LDUR PIMCO ETF TR 0.9%

Value ($000) $17,082 (-30.4%) Shares 178,039 (-30.3%) Est. Cost $96.15 Unrealized —

PYLD PIMCO ETF TR 0.8%

Value ($000) $15,048 (-30.6%) Shares 564,001 (-30.1%) Est. Cost $26.84 Unrealized —

CTA SIMPLIFY EXCHANGE TRADED FUN 0.3%

Value ($000) $5,097 (-56.1%) Shares 186,965 (-55.0%) Est. Cost $27.08 Unrealized —

XHLF BONDBLOXX ETF TRUST 0.2%

Value ($000) $3,050 (-64.9%) Shares 60,703 (-64.8%) Est. Cost $50.42 Unrealized —

CARY ANGEL OAK FUNDS TRUST 0.4%

Value ($000) $7,653 (-32.1%) Shares 367,485 (-31.8%) Est. Cost $20.91 Unrealized —

ROE EA SERIES TRUST 0.5%

Value ($000) $9,784 (-26.7%) Shares 277,407 (-28.1%) Est. Cost $34.57 Unrealized —

PDBC INVESCO ACTVELY MNGD ETC FD 0.7%

Value ($000) $12,704 (-20.3%) Shares 958,797 (-19.2%) Est. Cost $13.04 Unrealized —

SHV ISHARES TR 0.2%

Value ($000) $4,049 (-38.5%) Shares 36,756 (-38.4%) Est. Cost $110.49 Unrealized —

TMSL T ROWE PRICE ETF INC 0.2%

Value ($000) $4,656 (-30.5%) Shares 129,702 (-31.9%) Est. Cost $35.17 Unrealized —

DBMF LITMAN GREGORY FDS TR 0.2%

Value ($000) $4,538 (-30.5%) Shares 161,710 (-32.4%) Est. Cost $27.31 Unrealized —

XLF SELECT SECTOR SPDR TR 0.2%

Value ($000) $4,555 (-30.0%) Shares 83,167 (-31.1%) Est. Cost $53.87 Unrealized —

NEAR ISHARES U S ETF TR 0.1%

Value ($000) $1,378 (-37.3%) Shares 26,969 (-37.0%) Est. Cost $51.28 Unrealized —

XLP SELECT SECTOR SPDR TR 0.1%

Value ($000) $2,311 (-25.3%) Shares 29,751 (-24.6%) Est. Cost $78.37 Unrealized —

BILS SPDR SERIES TRUST 0.2%

Value ($000) $4,157 (-7.6%) Shares 41,895 (-7.3%) Est. Cost $99.60 Unrealized —

SPMO INVESCO EXCH TRADED FD TR II 0.2%

Value ($000) $3,480 (-6.2%) Shares 29,162 (-4.8%) Est. Cost $90.64 Unrealized —

PECO PHILLIPS EDISON & CO INC 0.0%

Value ($000) $33 (-67.9%) Shares 933 (-69.1%) Est. Cost $35.03 Unrealized —

IEFA ISHARES TR 0.0%

Value ($000) $27 (-67.5%) Shares 307 (-68.3%) Est. Cost $83.48 Unrealized —

DBND DOUBLELINE ETF TRUST 0.0%

Value ($000) $29 (-45.1%) Shares 630 (-44.9%) Est. Cost $46.24 Unrealized —

JPIE J P MORGAN EXCHANGE TRADED F 0.0%

Value ($000) $20 (-51.7%) Shares 425 (-51.5%) Est. Cost $46.32 Unrealized —

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.0%

Value ($000) $8 (-70.5%) Shares 195 (-73.5%) Est. Cost $32.68 Unrealized —

AAPL APPLE INC 0.0%

Value ($000) $418 (-4.0%) Shares 1,537 (-10.0%) Est. Cost $96.96 Unrealized +176.7%

IWM ISHARES TR 0.0%

Value ($000) $8 (-68.4%) Shares 32 (-68.9%) Est. Cost $215.79 Unrealized —

GVAL CAMBRIA ETF TR 0.0%

Value ($000) $18 (-45.5%) Shares 562 (-49.4%) Est. Cost $27.23 Unrealized —

BITB BITWISE BITCOIN ETF TR 0.0%

Value ($000) $4 (-76.1%) Shares 75 (-68.8%) Est. Cost $58.59 Unrealized —

ETHW BITWISE ETHEREUM ETF 0.0%

Value ($000) $1 (-85.6%) Shares 55 (-79.9%) Est. Cost $29.82 Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $24 (-20.2%) Shares 366 (-47.5%) Est. Cost $34.79 Unrealized —

XSMO INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $17 (-9.3%) Shares 239 (-7.4%) Est. Cost $68.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BSV	VANGUARD BD INDEX FDS	388,899 (-62.5%)	$30,649 (-62.6%)	1.6%	$77.87	—	SHORT TRM BOND	921937827
BLV	VANGUARD BD INDEX FDS	895,767 (-20.0%)	$62,274 (-21.5%)	3.3%	$68.87	—	LONG TERM BOND	921937793
VPU	VANGUARD WORLD FD	563,909 (-11.8%)	$104,346 (-13.8%)	5.6%	$163.85	—	UTILITIES ETF	92204A876
BIV	VANGUARD BD INDEX FDS	811,309 (-20.0%)	$63,185 (-20.2%)	3.4%	$75.86	—	INTERMED TERM	921937819
PSP	INVESCO EXCHANGE TRADED FD T	1,681 (-99.3%)	$113 (-99.3%)	0.0%	$68.57	—	GBL LISTED PVT	46137V118
VGT	VANGUARD WORLD FD	145,740 (-12.9%)	$109,856 (-12.1%)	5.9%	$601.83	—	INF TECH ETF	92204A702
VCR	VANGUARD WORLD FD	265,649 (-10.7%)	$104,645 (-11.2%)	5.6%	$341.80	—	CONSUM DIS ETF	92204A108
VIS	VANGUARD WORLD FD	354,194 (-11.0%)	$105,684 (-10.3%)	5.7%	$261.62	—	INDUSTRIAL ETF	92204A603
VOX	VANGUARD WORLD FD	599,447 (-12.1%)	$116,071 (-9.3%)	6.2%	$154.24	—	COMM SRVC ETF	92204A884
VDC	VANGUARD WORLD FD	451,731 (-9.5%)	$95,424 (-10.6%)	5.1%	$213.15	—	CONSUM STP ETF	92204A207
VDE	VANGUARD WORLD FD	797,700 (-10.1%)	$100,446 (-10.0%)	5.4%	$120.70	—	ENERGY ETF	92204A306
VNQ	VANGUARD INDEX FDS	779,768 (-10.7%)	$69,002 (-13.6%)	3.7%	$88.65	—	REAL ESTATE ETF	922908553
VFH	VANGUARD WORLD FD	792,581 (-10.4%)	$105,802 (-8.9%)	5.7%	$116.31	—	FINANCIALS ETF	92204A405
VAW	VANGUARD WORLD FD	493,540 (-10.1%)	$102,434 (-8.9%)	5.5%	$196.38	—	MATERIALS ETF	92204A801
SPYM	SPDR SERIES TRUST	264,331 (-32.3%)	$21,205 (-30.7%)	1.1%	$78.34	—	STATE STREET SPD	78464A854
SPTM	SPDR SERIES TRUST	257,874 (-31.0%)	$21,275 (-29.4%)	1.1%	$80.65	—	STATE STREET SPD	78464A805
VTIP	VANGUARD MALVERN FDS	703,402 (-18.3%)	$34,790 (-20.2%)	1.9%	$48.69	—	STRM INFPROIDX	922020805
JAAA	JANUS DETROIT STR TR	353,004 (-30.0%)	$17,855 (-30.3%)	1.0%	$50.78	—	HENDRSON AAA CL	47103U845
VFLO	VICTORY PORTFOLIOS II	431,054 (-34.0%)	$16,975 (-30.7%)	0.9%	$37.50	—	SHARES FREE CASH	92647X830
LDUR	PIMCO ETF TR	178,039 (-30.3%)	$17,082 (-30.4%)	0.9%	$96.15	—	ENHNCD LW DUR AC	72201R718
PYLD	PIMCO ETF TR	564,001 (-30.1%)	$15,048 (-30.6%)	0.8%	$26.84	—	MULTISECTOR BD	72201R585
CTA	SIMPLIFY EXCHANGE TRADED FUN	186,965 (-55.0%)	$5,097 (-56.1%)	0.3%	$27.08	—	MANAGED FUTURES	82889N699
XHLF	BONDBLOXX ETF TRUST	60,703 (-64.8%)	$3,050 (-64.9%)	0.2%	$50.42	—	BLOOMBERG SIX MN	09789C788
CARY	ANGEL OAK FUNDS TRUST	367,485 (-31.8%)	$7,653 (-32.1%)	0.4%	$20.91	—	INCOME ETF	03463K760
ROE	EA SERIES TRUST	277,407 (-28.1%)	$9,784 (-26.7%)	0.5%	$34.57	—	ASTORIA US EQUAL	02072L433
PDBC	INVESCO ACTVELY MNGD ETC FD	958,797 (-19.2%)	$12,704 (-20.3%)	0.7%	$13.04	—	OPTIMUM YIELD	46090F100
SHV	ISHARES TR	36,756 (-38.4%)	$4,049 (-38.5%)	0.2%	$110.49	—	TRUST ISHARE 0-1	464288679
TMSL	T ROWE PRICE ETF INC	129,702 (-31.9%)	$4,656 (-30.5%)	0.2%	$35.17	—	SMALL MID CAP	87283Q826
DBMF	LITMAN GREGORY FDS TR	161,710 (-32.4%)	$4,538 (-30.5%)	0.2%	$27.31	—	IMGP DBI MANAGED	53700T827
XLF	SELECT SECTOR SPDR TR	83,167 (-31.1%)	$4,555 (-30.0%)	0.2%	$53.87	—	STATE STREET FIN	81369Y605
NEAR	ISHARES U S ETF TR	26,969 (-37.0%)	$1,378 (-37.3%)	0.1%	$51.28	—	SHORT DURATION B	46431W507
XLP	SELECT SECTOR SPDR TR	29,751 (-24.6%)	$2,311 (-25.3%)	0.1%	$78.37	—	STATE STREET CON	81369Y308
BILS	SPDR SERIES TRUST	41,895 (-7.3%)	$4,157 (-7.6%)	0.2%	$99.60	—	STATE STREET SPD	78468R523
SPMO	INVESCO EXCH TRADED FD TR II	29,162 (-4.8%)	$3,480 (-6.2%)	0.2%	$90.64	—	S&P 500 MOMNTM	46138E339
PECO	PHILLIPS EDISON & CO INC	933 (-69.1%)	$33 (-67.9%)	0.0%	$35.03	—	COMMON STOCK	71844V201
IEFA	ISHARES TR	307 (-68.3%)	$27 (-67.5%)	0.0%	$83.48	—	CORE MSCI EAFE	46432F842
DBND	DOUBLELINE ETF TRUST	630 (-44.9%)	$29 (-45.1%)	0.0%	$46.24	—	OPPORTUNISTIC CO	25861R105
JPIE	J P MORGAN EXCHANGE TRADED F	425 (-51.5%)	$20 (-51.7%)	0.0%	$46.32	—	INCOME ETF	46641Q159
AAAU	GOLDMAN SACHS PHYSICAL GOLD	195 (-73.5%)	$8 (-70.5%)	0.0%	$32.68	—	UNIT	38150K103
AAPL	APPLE INC	1,537 (-10.0%)	$418 (-4.0%)	0.0%	$96.96	+176.7%	COM	037833100
IWM	ISHARES TR	32 (-68.9%)	$8 (-68.4%)	0.0%	$215.79	—	RUSSELL 2000 ETF	464287655
GVAL	CAMBRIA ETF TR	562 (-49.4%)	$18 (-45.5%)	0.0%	$27.23	—	GLOBAL VALUE ETF	132061409
BITB	BITWISE BITCOIN ETF TR	75 (-68.8%)	$4 (-76.1%)	0.0%	$58.59	—	SHS BEN INT	09174C104
ETHW	BITWISE ETHEREUM ETF	55 (-79.9%)	$1 (-85.6%)	0.0%	$29.82	—	SHS	091955104
SLV	ISHARES SILVER TR	366 (-47.5%)	$24 (-20.2%)	0.0%	$34.79	—	ISHARES	46428Q109
XSMO	INVESCO EXCHANGE TRADED FD T	239 (-7.4%)	$17 (-9.3%)	0.0%	$68.02	—	S&P SMLCP MOMENT	46137V498

Unchanged Positions (56)

GLD SPDR GOLD TR 0.5%

Value ($000) $9,103 Shares 22,970 Est. Cost $246.94 Unrealized —

BSR NORTHERN LTS FD TR II 1.5%

Value ($000) $28,578 Shares 975,994 Est. Cost $25.82 Unrealized —

BIL SPDR SERIES TRUST 1.1%

Value ($000) $21,338 Shares 233,503 Est. Cost $91.39 Unrealized —

— REAVES UTIL INCOME FD 0.1%

Value ($000) $1,262 Shares 34,500 Est. Cost $35.04 Unrealized —

— COHEN & STEERS QUALITY INCOM 0.1%

Value ($000) $1,062 Shares 93,000 Est. Cost $12.50 Unrealized —

— COHEN & STEERS REAL ESTATE O 0.1%

Value ($000) $1,227 Shares 83,500 Est. Cost $15.17 Unrealized —

— COHEN & STEERS INFRASTRUCTUR 0.1%

Value ($000) $1,085 Shares 45,000 Est. Cost $26.32 Unrealized —

CGMU CAPITAL GRP FIXED INCM ETF T 0.2%

Value ($000) $3,286 Shares 120,000 Est. Cost $26.60 Unrealized —

MUNI PIMCO ETF TR 0.2%

Value ($000) $3,145 Shares 60,000 Est. Cost $51.05 Unrealized —

BTR NORTHERN LTS FD TR II 1.4%

Value ($000) $25,405 Shares 1,003,237 Est. Cost $24.45 Unrealized —

DTE DTE ENERGY CO 0.0%

Value ($000) $34 Shares 260 Est. Cost $131.30 Unrealized +2.7%

BA BOEING CO 0.0%

Value ($000) $217 Shares 1,000 Est. Cost $173.09 Unrealized +18.8%

XMVM INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $24 Shares 381 Est. Cost $55.63 Unrealized —

PWV INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $38 Shares 577 Est. Cost $62.14 Unrealized —

BWX SPDR SERIES TRUST 0.0%

Value ($000) $28 Shares 1,241 Est. Cost $23.49 Unrealized —

CUZ COUSINS PPTYS INC 0.0%

Value ($000) $4 Shares 150 Est. Cost $30.03 Unrealized —

SPIP SPDR SERIES TRUST 0.0%

Value ($000) $24 Shares 934 Est. Cost $26.06 Unrealized —

XMMO INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $25 Shares 178 Est. Cost $128.63 Unrealized —

MKC/V MCCORMICK & CO INC 0.0%

Value ($000) $22 Shares 318 Est. Cost $73.32 Unrealized -10.4%

SPAB SPDR SERIES TRUST 0.0%

Value ($000) $55 Shares 2,147 Est. Cost $25.60 Unrealized —

UYG PROSHARES TR 0.0%

Value ($000) $4 Shares 44 Est. Cost $95.55 Unrealized —

RWR SPDR SERIES TRUST 0.0%

Value ($000) $19 Shares 195 Est. Cost $96.44 Unrealized —

JNK SPDR SERIES TRUST 0.0%

Value ($000) $23 Shares 239 Est. Cost $97.27 Unrealized —

XSVM INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $31 Shares 547 Est. Cost $51.99 Unrealized —

AFL AFLAC INC 0.0%

Value ($000) $17 Shares 150 Est. Cost $103.63 Unrealized +6.0%

AVGO BROADCOM INC 0.0%

Value ($000) $3 Shares 10 Est. Cost $215.92 Unrealized +65.3%

SCHG SCHWAB STRATEGIC TR 0.0%

Value ($000) $6 Shares 184 Est. Cost $29.21 Unrealized —

UCC PROSHARES TR 0.0%

Value ($000) $4 Shares 85 Est. Cost $45.12 Unrealized —

UGE PROSHARES TR 0.0%

Value ($000) $4 Shares 239 Est. Cost $18.58 Unrealized —

PWB INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $18 Shares 138 Est. Cost $117.44 Unrealized —

ROM PROSHARES TR 0.0%

Value ($000) $6 Shares 61 Est. Cost $76.11 Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value ($000) $1 Shares 28 Est. Cost $14.56 Unrealized +78.5%

NBIS NEBIUS GROUP N.V. 0.0%

Value ($000) $0 Shares 2 Est. Cost $34.43 Unrealized +201.0%

DBC INVESCO DB COMMDY INDX TRCK 0.0%

Value ($000) $61 Shares 2,712 Est. Cost $21.81 Unrealized —

UYM PROSHARES TR 0.0%

Value ($000) $4 Shares 148 Est. Cost $24.22 Unrealized —

RWX SPDR INDEX SHS FDS 0.0%

Value ($000) $11 Shares 395 Est. Cost $27.40 Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $1 Shares 10 Est. Cost $69.00 Unrealized —

IVT INVENTRUST PPTYS CORP 0.0%

Value ($000) $3 Shares 100 Est. Cost $27.40 Unrealized —

ACB AURORA CANNABIS INC 0.0%

Value ($000) $0 Shares 23 Est. Cost $4.85 Unrealized +0.9%

DIG PROSHARES TR 0.0%

Value ($000) $4 Shares 106 Est. Cost $36.46 Unrealized —

SCHF SCHWAB STRATEGIC TR 0.0%

Value ($000) $1 Shares 38 Est. Cost $22.11 Unrealized —

SCHA SCHWAB STRATEGIC TR 0.0%

Value ($000) $1 Shares 40 Est. Cost $25.30 Unrealized —

ARKK ARK ETF TR 0.0%

Value ($000) $0 Shares 1 Est. Cost $80.00 Unrealized —

UXI PROSHARES TR 0.0%

Value ($000) $5 Shares 101 Est. Cost $43.12 Unrealized —

A AGILENT TECHNOLOGIES INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $110.36 Unrealized +30.2%

CADE CADENCE BANK 0.0%

Value ($000) $0 Shares 1 Est. Cost $29.35 Unrealized +34.3%

PVAL PUTNAM ETF TRUST 0.0%

Value ($000) $0 Shares 1 Est. Cost $52.00 Unrealized —

E ENI S P A 0.0%

Value ($000) $0 Shares 1 Est. Cost $29.00 Unrealized —

INTC INTEL CORP 0.0%

Value ($000) $0 Shares 1 Est. Cost $20.72 Unrealized +82.2%

JEPI J P MORGAN EXCHANGE TRADED F 0.0%

Value ($000) $0 Shares 1 Est. Cost $45.00 Unrealized —

RPHS TWO RDS SHARED TR 0.0%

Value ($000) $0 Shares 1 Est. Cost $13.00 Unrealized —

SNAP SNAP INC 0.0%

Value ($000) $0 Shares 3 Est. Cost $8.30 Unrealized -4.7%

CLSM EXCHANGE LISTED FDS TR 0.0%

Value ($000) $0 Shares 1 Est. Cost $15.00 Unrealized —

QABA FIRST TR EXCHANGE-TRADED FD 0.0%

Value ($000) $0 Shares 1 Est. Cost $47.00 Unrealized —

PAVE GLOBAL X FDS 0.0%

Value ($000) $0 Shares 1 Est. Cost $34.00 Unrealized —

F FORD MTR CO 0.0%

Value ($000) $0 Shares 1 Est. Cost $9.87 Unrealized +30.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	22,970	$9,103	0.5%	$246.94	—	GOLD SHS	78463V107
BSR	NORTHERN LTS FD TR II	975,994	$28,578	1.5%	$25.82	—	BEACON SELECTIVE	66538F199
BIL	SPDR SERIES TRUST	233,503	$21,338	1.1%	$91.39	—	STATE STREET SPD	78468R663
—	REAVES UTIL INCOME FD	34,500	$1,262	0.1%	$35.04	—	COM SH BEN INT	756158101
—	COHEN & STEERS QUALITY INCOM	93,000	$1,062	0.1%	$12.50	—	COM	19247L106
—	COHEN & STEERS REAL ESTATE O	83,500	$1,227	0.1%	$15.17	—	SHS BENFIN INT	19249Q103
—	COHEN & STEERS INFRASTRUCTUR	45,000	$1,085	0.1%	$26.32	—	COM	19248A109
CGMU	CAPITAL GRP FIXED INCM ETF T	120,000	$3,286	0.2%	$26.60	—	MUNICIPAL INCOME	14020Y201
MUNI	PIMCO ETF TR	60,000	$3,145	0.2%	$51.05	—	INTER MUN BD ACT	72201R866
BTR	NORTHERN LTS FD TR II	1,003,237	$25,405	1.4%	$24.45	—	BEACON TACTICAL	66538F215
DTE	DTE ENERGY CO	260	$34	0.0%	$131.30	+2.7%	COM	233331107
BA	BOEING CO	1,000	$217	0.0%	$173.09	+18.8%	COM	097023105
XMVM	INVESCO EXCHANGE TRADED FD T	381	$24	0.0%	$55.63	—	S&P MDCP VLU MNT	46137V456
PWV	INVESCO EXCHANGE TRADED FD T	577	$38	0.0%	$62.14	—	LARGE CAP VALUE	46137V738
BWX	SPDR SERIES TRUST	1,241	$28	0.0%	$23.49	—	BLOOMBERG INTL T	78464A516
CUZ	COUSINS PPTYS INC	150	$4	0.0%	$30.03	—	COM NEW	222795502
SPIP	SPDR SERIES TRUST	934	$24	0.0%	$26.06	—	STATE STREET SPD	78464A656
XMMO	INVESCO EXCHANGE TRADED FD T	178	$25	0.0%	$128.63	—	S&P MDCP MOMNTUM	46137V464
MKC/V	MCCORMICK & CO INC	318	$22	0.0%	$73.32	-10.4%	COM VTG	579780107
SPAB	SPDR SERIES TRUST	2,147	$55	0.0%	$25.60	—	STATE STREET SPD	78464A649
UYG	PROSHARES TR	44	$4	0.0%	$95.55	—	ULTRA FNCLS NEW	74347X633
RWR	SPDR SERIES TRUST	195	$19	0.0%	$96.44	—	STATE STREET SPD	78464A607
JNK	SPDR SERIES TRUST	239	$23	0.0%	$97.27	—	STATE STREET SPD	78468R622
XSVM	INVESCO EXCHANGE TRADED FD T	547	$31	0.0%	$51.99	—	S&P SMCP VLU MNT	46137V480
AFL	AFLAC INC	150	$17	0.0%	$103.63	+6.0%	COM	001055102
AVGO	BROADCOM INC	10	$3	0.0%	$215.92	+65.3%	COM	11135F101
SCHG	SCHWAB STRATEGIC TR	184	$6	0.0%	$29.21	—	US LCAP GR ETF	808524300
UCC	PROSHARES TR	85	$4	0.0%	$45.12	—	ULTRA CONS DISCR	74347R750
UGE	PROSHARES TR	239	$4	0.0%	$18.58	—	ULTRA CONSU STAP	74347R768
PWB	INVESCO EXCHANGE TRADED FD T	138	$18	0.0%	$117.44	—	LARGE CAP GROWTH	46137V746
ROM	PROSHARES TR	61	$6	0.0%	$76.11	—	PSHS ULTRA TECH	74347R693
KGC	KINROSS GOLD CORP	28	$1	0.0%	$14.56	+78.5%	COM	496902404
NBIS	NEBIUS GROUP N.V.	2	$0	0.0%	$34.43	+201.0%	SHS CLASS A	N97284108
DBC	INVESCO DB COMMDY INDX TRCK	2,712	$61	0.0%	$21.81	—	UNIT	46138B103
UYM	PROSHARES TR	148	$4	0.0%	$24.22	—	ULTRA MATERIALS	74347R776
RWX	SPDR INDEX SHS FDS	395	$11	0.0%	$27.40	—	DJ INTL RL ETF	78463X863
NVO	NOVO-NORDISK A S	10	$1	0.0%	$69.00	—	ADR	670100205
IVT	INVENTRUST PPTYS CORP	100	$3	0.0%	$27.40	—	COM NEW	46124J201
ACB	AURORA CANNABIS INC	23	$0	0.0%	$4.85	+0.9%	COM	05156X850
DIG	PROSHARES TR	106	$4	0.0%	$36.46	—	ULTRA ENERGY	74347G705
SCHF	SCHWAB STRATEGIC TR	38	$1	0.0%	$22.11	—	INTL EQTY ETF	808524805
SCHA	SCHWAB STRATEGIC TR	40	$1	0.0%	$25.30	—	US SML CAP ETF	808524607
ARKK	ARK ETF TR	1	$0	0.0%	$80.00	—	INNOVATION ETF	00214Q104
UXI	PROSHARES TR	101	$5	0.0%	$43.12	—	PSHS ULTRA INDL	74347R727
A	AGILENT TECHNOLOGIES INC	1	$0	0.0%	$110.36	+30.2%	COM	00846U101
CADE	CADENCE BANK	1	$0	0.0%	$29.35	+34.3%	COM	12740C103
PVAL	PUTNAM ETF TRUST	1	$0	0.0%	$52.00	—	FOCUSED LAR CAP	746729300
E	ENI S P A	1	$0	0.0%	$29.00	—	SPONSORED ADR	26874R108
INTC	INTEL CORP	1	$0	0.0%	$20.72	+82.2%	COM	458140100
JEPI	J P MORGAN EXCHANGE TRADED F	1	$0	0.0%	$45.00	—	EQUITY PREMIUM	46641Q332
RPHS	TWO RDS SHARED TR	1	$0	0.0%	$13.00	—	REGENTS PK HDGD	90214Q642
SNAP	SNAP INC	3	$0	0.0%	$8.30	-4.7%	CL A	83304A106
CLSM	EXCHANGE LISTED FDS TR	1	$0	0.0%	$15.00	—	ETC CABANA TARGT	30151E624
QABA	FIRST TR EXCHANGE-TRADED FD	1	$0	0.0%	$47.00	—	UT COM SHS ETF	33736Q104
PAVE	GLOBAL X FDS	1	$0	0.0%	$34.00	—	US INFR DEV ETF	37954Y673
F	FORD MTR CO	1	$0	0.0%	$9.87	+30.0%	COM	345370860