Turim 21 Investimentos Ltda. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGML	SIGMA LITHIUM CORP	55,000	$723	0.3%	$8.61	0.0%	COM	826599102
BITW	BITWISE 10 CRYPTO INDEX FUND	8,100	$476	0.2%	$58.76	—	UNIT BENEFICIAL	091749101
—	VANGUARD S&P 500 ETF	424	$266	0.1%	$627.13	—	RUSSIA ETF	92189F403
IVV	ISHARES CORE S&P 500 ETF	320	$219	0.1%	$684.94	—	CORE S&P500 ETF	464287200
VT	VANGUARD TOT WORLD STK ETF	950	$134	0.1%	$141.06	—	TT WRLD ST ETF	922042742
SHEL	SCHWAB US DVD EQUITY ETF	2,940	$81	0.0%	$27.43	—	SPON ADS	780259305
—	GRAYSCALE ETHERM MINI TR ETF	1,500	$42	0.0%	$28.06	—	38964R 20 3	000SHSNEW
NOBL	PROSHARES S&P 500 DIVIDEND A	400	$42	0.0%	$104.07	—	S&P 500 DV ARIST	74348A467
QLTI	GMO INTERNATIONAL QLTY ETF	1,450	$39	0.0%	$26.60	—	GMO INTL QUALITY	90139K308
VGT	VANGUARD INFO TECH ETF	50	$38	0.0%	$753.78	—	INF TECH ETF	92204A702
FIG	FIGMA INC-CL A	653	$24	0.0%	$45.19	0.0%	CLASS A COM STK	316841105
SHOP	SHOPIFY INC - CLASS A	117	$19	0.0%	$160.56	0.0%	CL A	82509L107
AVGO	BROADCOM INC	51	$18	0.0%	$357.00	0.0%	COM	11135F101
NFLX	NETFLIX INC	140	$13	0.0%	$107.81	0.0%	COM	64110L106
XOM	EXXON MOBIL	81	$10	0.0%	$115.49	0.0%	COM	30231G102
DIA	VANECK VIDEO GAMING ESPORTS	81	$8	0.0%	$103.60	—	UT SER 1	78467X109
—	SPOTIFY TECHNOLOGY SA	13	$8	0.0%	$580.69	—	SHORT QQQ NEW	74347B714
ICLN	ISHARES GLOBAL CLEAN ENERGY	250	$4	0.0%	$16.43	—	GL CLEAN ENE ETF	464288224
LNG	CHENIERE ENERGY INC	19	$4	0.0%	$209.99	0.0%	COM NEW	16411R208

Increased Positions (13)

EFA ISHARES MSCI EAFE ETF 16.4%

Value ($000) $42,457 (+8.2%) Shares 442,127 (+5.2%) Est. Cost $84.03 Unrealized —

IEMG ISHARES CORE MSCI EMERGING 5.7%

Value ($000) $14,675 (+15.0%) Shares 218,320 (+12.8%) Est. Cost $66.07 Unrealized —

— MICROSTRATEGY INC-CL A 0.7%

Value ($000) $1,823 (-50.8%) Shares 12,000 (+4.3%) Est. Cost $315.12 Unrealized —

GGAL GRUPO FINANCIERO GALICIA-ADR 0.5%

Value ($000) $1,286 (+163.6%) Shares 23,840 (+34.7%) Est. Cost $46.46 Unrealized —

SW PAMPA ENERGIA SA-SPON ADR 0.5%

Value ($000) $1,302 (+98.5%) Shares 14,705 (+34.7%) Est. Cost $42.54 Unrealized -10.4%

EL ISHARES USD TIPS 0.3%

Value ($000) $896 (+13.1%) Shares 3,498 (+12.7%) Est. Cost $89.42 Unrealized +8.3%

EEM ISHARES MSCI EMRG MARKET ETF 0.3%

Value ($000) $691 (+10.2%) Shares 12,623 (+7.6%) Est. Cost $48.02 Unrealized —

GOOGL ALPHABET INC-CL A (COMMON STOCK) 0.1%

Value ($000) $148 (+38.1%) Shares 474 (+7.2%) Est. Cost $177.57 Unrealized +60.8%

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $97 (+25.2%) Shares 519 (+25.4%) Est. Cost $133.72 Unrealized +39.2%

AMBIQ AMBIPAR EMERGENCY RESPONSE -- 0.0%

Value ($000) $77 (-11.0%) Shares 128,800 (+18.4%) Est. Cost $3.86 Unrealized -84.1%

META META PLATFORMS INC-CLASS A 0.0%

Value ($000) $17 (+68.0%) Shares 25 (+92.3%) Est. Cost $706.79 Unrealized -5.6%

INTU SERVICENOW INC 0.0%

Value ($000) $15 (-28.1%) Shares 95 (+331.8%) Est. Cost $674.30 Unrealized -2.0%

XLE ENERGY SELECT SECTOR SPDR 0.0%

Value ($000) $36 (+0.1%) Shares 800 (+100.0%) Est. Cost $64.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EFA	ISHARES MSCI EAFE ETF	442,127 (+5.2%)	$42,457 (+8.2%)	16.4%	$84.03	—	MSCI EAFE ETF	464287465
IEMG	ISHARES CORE MSCI EMERGING	218,320 (+12.8%)	$14,675 (+15.0%)	5.7%	$66.07	—	CORE MSCI EMKT	46434G103
—	MICROSTRATEGY INC-CL A	12,000 (+4.3%)	$1,823 (-50.8%)	0.7%	$315.12	—	COM	723787107
GGAL	GRUPO FINANCIERO GALICIA-ADR	23,840 (+34.7%)	$1,286 (+163.6%)	0.5%	$46.46	—	SPONSORED ADR	399909100
SW	PAMPA ENERGIA SA-SPON ADR	14,705 (+34.7%)	$1,302 (+98.5%)	0.5%	$42.54	-10.4%	SHS	G8267P108
EL	ISHARES USD TIPS	3,498 (+12.7%)	$896 (+13.1%)	0.3%	$89.42	+8.3%	CL A	518439104
EEM	ISHARES MSCI EMRG MARKET ETF	12,623 (+7.6%)	$691 (+10.2%)	0.3%	$48.02	—	MSCI EMG MKT ETF	464287234
GOOGL	ALPHABET INC-CL A (COMMON STOCK)	474 (+7.2%)	$148 (+38.1%)	0.1%	$177.57	+60.8%	CAP STK CL A	02079K305
NVDA	NVIDIA CORPORATION	519 (+25.4%)	$97 (+25.2%)	0.0%	$133.72	+39.2%	COM	67066G104
AMBIQ	AMBIPAR EMERGENCY RESPONSE --	128,800 (+18.4%)	$77 (-11.0%)	0.0%	$3.86	-84.1%	CL A ORD SHS	G02532102
META	META PLATFORMS INC-CLASS A	25 (+92.3%)	$17 (+68.0%)	0.0%	$706.79	-5.6%	CL A	30303M102
INTU	SERVICENOW INC	95 (+331.8%)	$15 (-28.1%)	0.0%	$674.30	-2.0%	COM	461202103
XLE	ENERGY SELECT SECTOR SPDR	800 (+100.0%)	$36 (+0.1%)	0.0%	$64.70	—	ENERGY	81369Y506

Exited Positions (21)

VTWO SPDR GOLD SHARES 3.4%

Value ($000) $8,788 Shares 24,721 Est. Cost $355.47 Unrealized —

SPMO INVESCO S&P 500 MOMENTUM ETF 0.2%

Value ($000) $405 Shares 3,345 Est. Cost $121.06 Unrealized —

NXE MORGAN STANLEY INV F - GLB BRNDS - A 0.1%

Value ($000) $321 Shares 1,411 Est. Cost $6.47 Unrealized +36.4%

ARKK ARK INNOVATION ETF 0.1%

Value ($000) $279 Shares 3,235 Est. Cost $129.91 Unrealized —

VSCO HEPTAGON YACKTMAN US EQTY-A 0.1%

Value ($000) $238 Shares 676 Est. Cost $22.46 Unrealized +76.8%

IOT SAMSARA INC-CL A 0.1%

Value ($000) $159 Shares 4,277 Est. Cost $37.14 Unrealized +4.2%

SLV ISHARES SILVER TRUST 0.1%

Value ($000) $148 Shares 3,500 Est. Cost $42.37 Unrealized —

PAM NTYONGSF-GLOBAL GOLD -A AUS 0.0%

Value ($000) $90 Shares 1,906 Est. Cost $65.18 Unrealized —

RPV HEALTH CARE SELECT SECTOR 0.0%

Value ($000) $52 Shares 375 Est. Cost $139.17 Unrealized —

LHX ISHARES GOLD TRUST 0.0%

Value ($000) $34 Shares 462 Est. Cost $271.37 Unrealized +6.3%

— CALAMOS CONVERT OPPORT & INC 0.0%

Value ($000) $21 Shares 1,945 Est. Cost $10.79 Unrealized —

RDVI FT VEST RISING DIVIDEND ACHI 0.0%

Value ($000) $21 Shares 804 Est. Cost $25.85 Unrealized —

GJUL FT VEST US EQUITY MODERATE B 0.0%

Value ($000) $10 Shares 253 Est. Cost $40.56 Unrealized —

QCJL FT NSDQ 100 CN BUFF ETF-JUL 0.0%

Value ($000) $10 Shares 440 Est. Cost $23.28 Unrealized —

— WESTERN ASSET HIGH YIELD OPP 0.0%

Value ($000) $10 Shares 838 Est. Cost $11.71 Unrealized —

— BLACKROCK CORP HI YLD 0.0%

Value ($000) $10 Shares 1,021 Est. Cost $9.50 Unrealized —

IYG BLOCK INC 0.0%

Value ($000) $8 Shares 95 Est. Cost $86.96 Unrealized —

TTAN SERVICETITAN INC-A 0.0%

Value ($000) $4 Shares 40 Est. Cost $109.72 Unrealized -11.0%

QUBT QUANTUM COMPUTING INC 0.0%

Value ($000) $3 Shares 167 Est. Cost $17.16 Unrealized -17.1%

AGG ISHARES CORE U.S. AGGREGATE 0.0%

Value ($000) $2 Shares 21 Est. Cost $98.00 Unrealized —

DMTKQ DERMTECH INC 0.0%

Value ($000) $0 Shares 363 Est. Cost $50.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTWO	SPDR GOLD SHARES	24,721	$8,788	3.4%	$355.47	—	—	92206C664
SPMO	INVESCO S&P 500 MOMENTUM ETF	3,345	$405	0.2%	$121.06	—	—	46138E339
NXE	MORGAN STANLEY INV F - GLB BRNDS - A	1,411	$321	0.1%	$6.47	+36.4%	—	65340P106
ARKK	ARK INNOVATION ETF	3,235	$279	0.1%	$129.91	—	—	00214Q104
VSCO	HEPTAGON YACKTMAN US EQTY-A	676	$238	0.1%	$22.46	+76.8%	—	926400102
IOT	SAMSARA INC-CL A	4,277	$159	0.1%	$37.14	+4.2%	—	79589L106
SLV	ISHARES SILVER TRUST	3,500	$148	0.1%	$42.37	—	—	46428Q109
PAM	NTYONGSF-GLOBAL GOLD -A AUS	1,906	$90	0.0%	$65.18	—	—	697660207
RPV	HEALTH CARE SELECT SECTOR	375	$52	0.0%	$139.17	—	—	46137V258
LHX	ISHARES GOLD TRUST	462	$34	0.0%	$271.37	+6.3%	—	502431109
—	CALAMOS CONVERT OPPORT & INC	1,945	$21	0.0%	$10.79	—	—	128117108
RDVI	FT VEST RISING DIVIDEND ACHI	804	$21	0.0%	$25.85	—	—	33738D879
GJUL	FT VEST US EQUITY MODERATE B	253	$10	0.0%	$40.56	—	—	33740U661
QCJL	FT NSDQ 100 CN BUFF ETF-JUL	440	$10	0.0%	$23.28	—	—	33740F219
—	WESTERN ASSET HIGH YIELD OPP	838	$10	0.0%	$11.71	—	—	95768B107
—	BLACKROCK CORP HI YLD	1,021	$10	0.0%	$9.50	—	—	09255P107
IYG	BLOCK INC	95	$8	0.0%	$86.96	—	—	464287770
TTAN	SERVICETITAN INC-A	40	$4	0.0%	$109.72	-11.0%	—	81764X103
QUBT	QUANTUM COMPUTING INC	167	$3	0.0%	$17.16	-17.1%	—	74766W108
AGG	ISHARES CORE U.S. AGGREGATE	21	$2	0.0%	$98.00	—	—	464287226
DMTKQ	DERMTECH INC	363	$0	0.0%	$50.96	—	—	24984K105

Decreased Positions (39)

BIL SPDR BLOOMBERG 1-3 MONTH T-B 0.8%

Value ($000) $2,199 (-93.5%) Shares 24,066 (-93.5%) Est. Cost $91.73 Unrealized —

TIP ISHARES TIPS BOND ETF 0.3%

Value ($000) $722 (-83.7%) Shares 6,570 (-83.5%) Est. Cost $111.07 Unrealized —

GOOG ALPHABET INC-CL C 0.8%

Value ($000) $1,954 (-57.9%) Shares 6,228 (-67.4%) Est. Cost $151.13 Unrealized +89.5%

MSFT MICROSOFT CORP 1.2%

Value ($000) $3,111 (-33.6%) Shares 6,432 (-28.8%) Est. Cost $327.58 Unrealized +52.8%

IEF ISHARES 7-10 YEAR TREASURY B 0.1%

Value ($000) $208 (-81.0%) Shares 2,166 (-80.9%) Est. Cost $95.39 Unrealized —

IEI ISHARES 3-7 YEAR TREASURY BO 0.1%

Value ($000) $259 (-76.4%) Shares 2,167 (-76.5%) Est. Cost $117.84 Unrealized —

IBIT ISHARES BITCOIN TRUST 0.6%

Value ($000) $1,435 (-36.2%) Shares 28,898 (-16.5%) Est. Cost $65.00 Unrealized —

AMZN AMAZON.COM, INC 1.5%

Value ($000) $3,871 (-13.4%) Shares 16,771 (-17.7%) Est. Cost $165.35 Unrealized +38.4%

DMRC DIGIMARC CORP 0.2%

Value ($000) $392 (-59.3%) Shares 59,759 (-39.3%) Est. Cost $27.89 Unrealized -69.6%

ETHE GRAYSCALE ETHEREUM TRUST 0.2%

Value ($000) $493 (-42.4%) Shares 20,250 (-19.0%) Est. Cost $34.27 Unrealized —

EWZ ISHARES MSCI BRAZIL CAPPED ETF 0.3%

Value ($000) $692 (-34.2%) Shares 21,783 (-35.8%) Est. Cost $28.34 Unrealized —

XOP INVESCO S&P 500 EQUAL WEIGHT 0.8%

Value ($000) $2,039 (-7.1%) Shares 10,646 (-8.0%) Est. Cost $189.70 Unrealized —

— INVESCO QQQ TRUST SERIES 1 8.7%

Value ($000) $22,495 (+0.5%) Shares 36,618 (-1.7%) Est. Cost $600.37 Unrealized —

CCJ CAMECO CORP 0.2%

Value ($000) $499 (-11.6%) Shares 5,457 (-19.0%) Est. Cost $44.99 Unrealized +99.9%

— NVNI GROUP LTD 0.0%

Value ($000) $15 (-68.1%) Shares 5,587 (-90.0%) Est. Cost $0.42 Unrealized —

— WESTERN ASST INFL-LNK OPP 0.0%

Value ($000) $43 (-14.3%) Shares 5,030 (-11.4%) Est. Cost $8.89 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $8 (-42.6%) Shares 24 (-40.0%) Est. Cost $298.94 Unrealized +12.8%

— BLACKROCK CORE BOND TRUST 0.0%

Value ($000) $26 (-15.4%) Shares 2,730 (-12.3%) Est. Cost $9.94 Unrealized —

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $8 (-34.1%) Shares 43 (-27.1%) Est. Cost $191.42 Unrealized +5.4%

JAAA JANUS HENDERSON AAA CLO ETF 0.0%

Value ($000) $36 (-9.3%) Shares 716 (-9.4%) Est. Cost $50.55 Unrealized —

BND VANGUARD TOTAL BOND MARKET 0.0%

Value ($000) $36 (-8.9%) Shares 484 (-8.5%) Est. Cost $73.62 Unrealized —

PULS PGIM ULTRA SHORT BOND ETF 0.0%

Value ($000) $27 (-9.8%) Shares 545 (-9.8%) Est. Cost $49.64 Unrealized —

— EATON VANCE TAX-MGD DIV EQTY 0.0%

Value ($000) $18 (-13.1%) Shares 1,151 (-9.9%) Est. Cost $15.90 Unrealized —

— BLACKROCK CREDIT ALLOCATION 0.0%

Value ($000) $18 (-13.0%) Shares 1,633 (-11.3%) Est. Cost $11.05 Unrealized —

— ALLSPRING MULTI-SECTOR INC 0.0%

Value ($000) $18 (-12.8%) Shares 1,911 (-10.2%) Est. Cost $9.58 Unrealized —

FTHI FTHI/FIRST TRUST EXCHANGE-TR 0.0%

Value ($000) $18 (-12.2%) Shares 763 (-11.9%) Est. Cost $23.71 Unrealized —

TLH ISHARES 10-20 YEAR TREASURY 0.0%

Value ($000) $18 (-12.0%) Shares 175 (-11.2%) Est. Cost $102.64 Unrealized —

— NUVEEN PREFERED & INCOME OPP 0.0%

Value ($000) $18 (-11.6%) Shares 2,215 (-10.6%) Est. Cost $8.20 Unrealized —

— EATON VANCE LTD DURAT INC 0.0%

Value ($000) $18 (-11.1%) Shares 1,799 (-9.0%) Est. Cost $10.15 Unrealized —

— PIMCO INCOME STRATEGY FD II 0.0%

Value ($000) $18 (-10.8%) Shares 2,390 (-9.8%) Est. Cost $7.59 Unrealized —

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $9 (-19.5%) Shares 106 (-24.3%) Est. Cost $72.21 Unrealized +14.2%

— ARES DYNAMIC CREDIT ALL 0.0%

Value ($000) $18 (-10.3%) Shares 1,332 (-5.1%) Est. Cost $14.07 Unrealized —

KNG FT VEST S&P 500 DVD ARST TRG 0.0%

Value ($000) $18 (-9.0%) Shares 368 (-8.7%) Est. Cost $49.31 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $9 (-15.0%) Shares 232 (-8.3%) Est. Cost $42.49 Unrealized -4.7%

— PGIM HIGH YIELD BOND FUND 0.0%

Value ($000) $18 (-8.3%) Shares 1,263 (-8.9%) Est. Cost $14.38 Unrealized —

EVTR EATON VANCE TOTAL RETURN 0.0%

Value ($000) $18 (-8.1%) Shares 359 (-8.2%) Est. Cost $51.45 Unrealized —

FXI ADVANCED MICRO DEVICES 0.0%

Value ($000) $9 (-14.6%) Shares 40 (-35.5%) Est. Cost $161.79 Unrealized —

AMD ADOBE INC 0.0%

Value ($000) $9 (-11.0%) Shares 26 (-10.3%) Est. Cost $161.38 Unrealized +39.2%

— EATON VANCE T/M BUY-WRIT OPP 0.0%

Value ($000) $9 (-10.6%) Shares 650 (-11.3%) Est. Cost $14.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIL	SPDR BLOOMBERG 1-3 MONTH T-B	24,066 (-93.5%)	$2,199 (-93.5%)	0.8%	$91.73	—	BLOOMBERG 1-3 MO	78468R663
TIP	ISHARES TIPS BOND ETF	6,570 (-83.5%)	$722 (-83.7%)	0.3%	$111.07	—	TIPS BD ETF	464287176
GOOG	ALPHABET INC-CL C	6,228 (-67.4%)	$1,954 (-57.9%)	0.8%	$151.13	+89.5%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	6,432 (-28.8%)	$3,111 (-33.6%)	1.2%	$327.58	+52.8%	COM	594918104
IEF	ISHARES 7-10 YEAR TREASURY B	2,166 (-80.9%)	$208 (-81.0%)	0.1%	$95.39	—	7-10 YR TRSY BD	464287440
IEI	ISHARES 3-7 YEAR TREASURY BO	2,167 (-76.5%)	$259 (-76.4%)	0.1%	$117.84	—	3 7 YR TREAS BD	464288661
IBIT	ISHARES BITCOIN TRUST	28,898 (-16.5%)	$1,435 (-36.2%)	0.6%	$65.00	—	SHS BEN INT	46438F101
AMZN	AMAZON.COM, INC	16,771 (-17.7%)	$3,871 (-13.4%)	1.5%	$165.35	+38.4%	COM	023135106
DMRC	DIGIMARC CORP	59,759 (-39.3%)	$392 (-59.3%)	0.2%	$27.89	-69.6%	COM	25381B101
ETHE	GRAYSCALE ETHEREUM TRUST	20,250 (-19.0%)	$493 (-42.4%)	0.2%	$34.27	—	SHS	389638107
EWZ	ISHARES MSCI BRAZIL CAPPED ETF	21,783 (-35.8%)	$692 (-34.2%)	0.3%	$28.34	—	MSCI BRAZIL ETF	464286400
XOP	INVESCO S&P 500 EQUAL WEIGHT	10,646 (-8.0%)	$2,039 (-7.1%)	0.8%	$189.70	—	S&P OILGAS EXP	78468R556
—	INVESCO QQQ TRUST SERIES 1	36,618 (-1.7%)	$22,495 (+0.5%)	8.7%	$600.37	—	ULTRAPRO SHORT S	74347B268
CCJ	CAMECO CORP	5,457 (-19.0%)	$499 (-11.6%)	0.2%	$44.99	+99.9%	COM	13321L108
—	NVNI GROUP LTD	5,587 (-90.0%)	$15 (-68.1%)	0.0%	$0.42	—	SHS	G50716102
—	WESTERN ASST INFL-LNK OPP	5,030 (-11.4%)	$43 (-14.3%)	0.0%	$8.89	—	COM	95766R104
UNH	UNITEDHEALTH GROUP INC	24 (-40.0%)	$8 (-42.6%)	0.0%	$298.94	+12.8%	COM	91324P102
—	BLACKROCK CORE BOND TRUST	2,730 (-12.3%)	$26 (-15.4%)	0.0%	$9.94	—	SHS BEN INT	09249E101
PANW	PALO ALTO NETWORKS INC	43 (-27.1%)	$8 (-34.1%)	0.0%	$191.42	+5.4%	COM	697435105
JAAA	JANUS HENDERSON AAA CLO ETF	716 (-9.4%)	$36 (-9.3%)	0.0%	$50.55	—	HENDRSON AAA CL	47103U845
BND	VANGUARD TOTAL BOND MARKET	484 (-8.5%)	$36 (-8.9%)	0.0%	$73.62	—	TOTAL BND MRKT	921937835
PULS	PGIM ULTRA SHORT BOND ETF	545 (-9.8%)	$27 (-9.8%)	0.0%	$49.64	—	PGIM ULTRA SH BD	69344A107
—	EATON VANCE TAX-MGD DIV EQTY	1,151 (-9.9%)	$18 (-13.1%)	0.0%	$15.90	—	COM	27828N102
—	BLACKROCK CREDIT ALLOCATION	1,633 (-11.3%)	$18 (-13.0%)	0.0%	$11.05	—	COM	092508100
—	ALLSPRING MULTI-SECTOR INC	1,911 (-10.2%)	$18 (-12.8%)	0.0%	$9.58	—	COM	94987D101
FTHI	FTHI/FIRST TRUST EXCHANGE-TR	763 (-11.9%)	$18 (-12.2%)	0.0%	$23.71	—	BUYWRIT INCM ETF	33738R308
TLH	ISHARES 10-20 YEAR TREASURY	175 (-11.2%)	$18 (-12.0%)	0.0%	$102.64	—	10-20 YR TRS ETF	464288653
—	NUVEEN PREFERED & INCOME OPP	2,215 (-10.6%)	$18 (-11.6%)	0.0%	$8.20	—	COM	67073B106
—	EATON VANCE LTD DURAT INC	1,799 (-9.0%)	$18 (-11.1%)	0.0%	$10.15	—	COM	27828H105
—	PIMCO INCOME STRATEGY FD II	2,390 (-9.8%)	$18 (-10.8%)	0.0%	$7.59	—	COM	72201J104
NEE	NEXTERA ENERGY INC	106 (-24.3%)	$9 (-19.5%)	0.0%	$72.21	+14.2%	COM	65339F101
—	ARES DYNAMIC CREDIT ALL	1,332 (-5.1%)	$18 (-10.3%)	0.0%	$14.07	—	COM	04014F102
KNG	FT VEST S&P 500 DVD ARST TRG	368 (-8.7%)	$18 (-9.0%)	0.0%	$49.31	—	FT VEST S&P 500	33739Q705
VZ	VERIZON COMMUNICATIONS INC	232 (-8.3%)	$9 (-15.0%)	0.0%	$42.49	-4.7%	COM	92343V104
—	PGIM HIGH YIELD BOND FUND	1,263 (-8.9%)	$18 (-8.3%)	0.0%	$14.38	—	COM	69346H100
EVTR	EATON VANCE TOTAL RETURN	359 (-8.2%)	$18 (-8.1%)	0.0%	$51.45	—	EATON VANCE TOTA	61774R841
FXI	ADVANCED MICRO DEVICES	40 (-35.5%)	$9 (-14.6%)	0.0%	$161.79	—	CHINA LG-CAP ETF	464287184
AMD	ADOBE INC	26 (-10.3%)	$9 (-11.0%)	0.0%	$161.38	+39.2%	COM	007903107
—	EATON VANCE T/M BUY-WRIT OPP	650 (-11.3%)	$9 (-10.6%)	0.0%	$14.25	—	COM	27828Y108

Unchanged Positions (44)

VALE VALE SA-SP ADR 15.8%

Value ($000) $40,805 Shares 3,131,646 Est. Cost $16.96 Unrealized —

VTI SPDR S&P 500 ETF TRUST 34.5%

Value ($000) $89,281 Shares 130,926 Est. Cost $666.18 Unrealized —

ERIC ERICSSON (LM) TEL-SP ADR 2.5%

Value ($000) $6,466 Shares 670,000 Est. Cost $5.84 Unrealized —

KWEB KRANESHARES CSI CHINA INTERN 0.5%

Value ($000) $1,204 Shares 35,359 Est. Cost $40.50 Unrealized —

EMXC ISHARES MSCI EMR MRK EX CHNA 1.5%

Value ($000) $3,952 Shares 54,372 Est. Cost $67.51 Unrealized —

AAPL APPLE INC 0.7%

Value ($000) $1,930 Shares 7,100 Est. Cost $195.91 Unrealized +37.0%

CROX NEXGEN ENERGY LTD 0.4%

Value ($000) $1,134 Shares 123,215 Est. Cost $91.29 Unrealized -8.4%

BUG GLOBAL X CYBERSECURITY ETF 0.1%

Value ($000) $164 Shares 5,393 Est. Cost $31.39 Unrealized —

HODL VANECK BITCOIN TRUST 0.0%

Value ($000) $67 Shares 2,708 Est. Cost $32.37 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 0.0%

Value ($000) $67 Shares 877 Est. Cost $99.81 Unrealized —

ARKB ARK 21SHARES BITCOIN ETF 0.0%

Value ($000) $67 Shares 2,301 Est. Cost $38.02 Unrealized —

BITB BITWISE BITCOIN ETF 0.0%

Value ($000) $67 Shares 1,405 Est. Cost $62.22 Unrealized —

IVE GLOBAL X COPPER MINERS ETF 0.0%

Value ($000) $87 Shares 1,206 Est. Cost $155.81 Unrealized —

LIT GLOBAL X LITHIUM & BATTERY T 0.0%

Value ($000) $114 Shares 1,764 Est. Cost $77.03 Unrealized —

ECH ISHARES MSCI CHILE ETF 0.0%

Value ($000) $76 Shares 1,890 Est. Cost $27.33 Unrealized —

VTEX ISHARES S&P 500 VALUE ETF 0.2%

Value ($000) $472 Shares 2,227 Est. Cost $5.06 Unrealized -18.9%

BBD ITAU UNIBANCO H-SPON PRF ADR 0.2%

Value ($000) $473 Shares 66,001 Est. Cost $7.34 Unrealized —

DIS WALT DISNEY 0.7%

Value ($000) $1,727 Shares 15,179 Est. Cost $166.65 Unrealized -34.3%

JOBY JOBY AVIATION INC 0.0%

Value ($000) $27 Shares 2,057 Est. Cost $8.32 Unrealized +84.5%

OBDC BLUE OWL CAPITAL CORP 0.1%

Value ($000) $192 Shares 15,416 Est. Cost $13.42 Unrealized -8.0%

IGV ISHARES USD HY CORP USD ACC 0.1%

Value ($000) $340 Shares 46,100 Est. Cost $7.27 Unrealized —

BP COURSERA INC 0.0%

Value ($000) $8 Shares 1,029 Est. Cost $11.71 Unrealized —

ACHR ARCHER AVIATION INC-A 0.0%

Value ($000) $15 Shares 1,944 Est. Cost $6.62 Unrealized +42.2%

VV VANGUARD LARGE-CAP ETF 0.1%

Value ($000) $159 Shares 505 Est. Cost $200.00 Unrealized —

BUD PETROBRAS - COMMON ADR 0.0%

Value ($000) $45 Shares 3,820 Est. Cost $12.66 Unrealized —

EH EHANG HOLDINGS LTD-SPS ADR 0.0%

Value ($000) $7 Shares 501 Est. Cost $36.89 Unrealized —

IDEV ISHARES CORE MSCI DEV MKTS 0.0%

Value ($000) $93 Shares 1,133 Est. Cost $67.08 Unrealized —

MELI MERCADOLIBRE INC 0.0%

Value ($000) $16 Shares 8 Est. Cost $1882.53 Unrealized +11.6%

BRK/A BERKSHIRE HATHAWAY INC-CL A 1.2%

Value ($000) $3,019 Shares 4 Est. Cost $394644.34 Unrealized +89.1%

IEFA ISHARES CORE MSCI EAFE ETF 0.0%

Value ($000) $96 Shares 1,072 Est. Cost $80.09 Unrealized —

BTC GRAYSCALE BITCN MINI TRU ETF 0.0%

Value ($000) $7 Shares 172 Est. Cost $50.63 Unrealized —

SOXX NU HOLDINGS LTD - A 0.0%

Value ($000) $41 Shares 2,450 Est. Cost $16.01 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $181 Shares 402 Est. Cost $255.48 Unrealized +73.5%

BILL BILL.COM HOLDINGS INC 0.0%

Value ($000) $21 Shares 392 Est. Cost $46.44 Unrealized +10.6%

FSLY FASTLY INC - CLASS A 0.0%

Value ($000) $3 Shares 328 Est. Cost $85.95 Unrealized -88.5%

— BLACKSKY TECHNOLOGY INC 0.0%

Value ($000) $5 Shares 250 Est. Cost $4.50 Unrealized —

PTON PELOTON INTERACTIVE INC-A 0.0%

Value ($000) $1 Shares 110 Est. Cost $110.54 Unrealized -93.6%

BAND BANDWIDTH INC-CLASS A 0.0%

Value ($000) $3 Shares 162 Est. Cost $154.91 Unrealized -90.2%

VCIT VANGUARD INT-TERM CORPORATE 0.0%

Value ($000) $44 Shares 521 Est. Cost $80.92 Unrealized —

SPYD ADVISORSHARES PURE US CANN 0.0%

Value ($000) $6 Shares 1,375 Est. Cost $4.79 Unrealized —

AFYA GROVE COLLABORATIVE HOLDINGS 0.0%

Value ($000) $0 Shares 214 Est. Cost $15.33 Unrealized -3.9%

CRM UNIROYAL GLOBAL ENGINEERED P 0.0%

Value ($000) $0 Shares 2,420 Est. Cost $251.43 Unrealized -1.3%

MSOS VANECK RUSSIA ETF 0.0%

Value ($000) $0 Shares 21,727 Est. Cost $40.00 Unrealized —

PG ARRIVAL SA 0.0%

Value ($000) $1 Shares 1,334 Est. Cost $148.08 Unrealized -0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VALE	VALE SA-SP ADR	3,131,646	$40,805	15.8%	$16.96	—	ADR	91912E105
VTI	SPDR S&P 500 ETF TRUST	130,926	$89,281	34.5%	$666.18	—	TOTAL STK MKT	922908769
ERIC	ERICSSON (LM) TEL-SP ADR	670,000	$6,466	2.5%	$5.84	—	ADR B SEK 10	294821608
KWEB	KRANESHARES CSI CHINA INTERN	35,359	$1,204	0.5%	$40.50	—	CSI CHI INTERNET	500767306
EMXC	ISHARES MSCI EMR MRK EX CHNA	54,372	$3,952	1.5%	$67.51	—	MSCI EMRG CHN	46434G764
AAPL	APPLE INC	7,100	$1,930	0.7%	$195.91	+37.0%	COM	037833100
CROX	NEXGEN ENERGY LTD	123,215	$1,134	0.4%	$91.29	-8.4%	COM	227046109
BUG	GLOBAL X CYBERSECURITY ETF	5,393	$164	0.1%	$31.39	—	CYBRSCURTY ETF	37954Y384
HODL	VANECK BITCOIN TRUST	2,708	$67	0.0%	$32.37	—	SH BEN INT	92189K105
FBTC	FIDELITY WISE ORIGIN BITCOIN	877	$67	0.0%	$99.81	—	SHS	315948109
ARKB	ARK 21SHARES BITCOIN ETF	2,301	$67	0.0%	$38.02	—	SHS BEN INT	040919102
BITB	BITWISE BITCOIN ETF	1,405	$67	0.0%	$62.22	—	SHS BEN INT	09174C104
IVE	GLOBAL X COPPER MINERS ETF	1,206	$87	0.0%	$155.81	—	S&P 500 VAL ETF	464287408
LIT	GLOBAL X LITHIUM & BATTERY T	1,764	$114	0.0%	$77.03	—	LITHIUM BTRY ETF	37954Y855
ECH	ISHARES MSCI CHILE ETF	1,890	$76	0.0%	$27.33	—	MSCI CHILE ETF	464286640
VTEX	ISHARES S&P 500 VALUE ETF	2,227	$472	0.2%	$5.06	-18.9%	SHS CL A	G9470A102
BBD	ITAU UNIBANCO H-SPON PRF ADR	66,001	$473	0.2%	$7.34	—	SP ADR PFD NEW	059460303
DIS	WALT DISNEY	15,179	$1,727	0.7%	$166.65	-34.3%	COM DISNEY	254687106
JOBY	JOBY AVIATION INC	2,057	$27	0.0%	$8.32	+84.5%	COMMON STOCK	G65163100
OBDC	BLUE OWL CAPITAL CORP	15,416	$192	0.1%	$13.42	-8.0%	COM	69121K104
IGV	ISHARES USD HY CORP USD ACC	46,100	$340	0.1%	$7.27	—	EXPANDED TECH	464287515
BP	COURSERA INC	1,029	$8	0.0%	$11.71	—	SPONSORED ADR	055622104
ACHR	ARCHER AVIATION INC-A	1,944	$15	0.0%	$6.62	+42.2%	COM CL A	03945R102
VV	VANGUARD LARGE-CAP ETF	505	$159	0.1%	$200.00	—	LARGE CAP ETF	922908637
BUD	PETROBRAS - COMMON ADR	3,820	$45	0.0%	$12.66	—	Sponsored ADR	03524A108
EH	EHANG HOLDINGS LTD-SPS ADR	501	$7	0.0%	$36.89	—	ADS	26853E102
IDEV	ISHARES CORE MSCI DEV MKTS	1,133	$93	0.0%	$67.08	—	CORE MSCI INTL	46435G326
MELI	MERCADOLIBRE INC	8	$16	0.0%	$1882.53	+11.6%	COM	58733R102
BRK/A	BERKSHIRE HATHAWAY INC-CL A	4	$3,019	1.2%	$394644.34	+89.1%	CL A	084670108
IEFA	ISHARES CORE MSCI EAFE ETF	1,072	$96	0.0%	$80.09	—	CORE MSCI EAFE	46432F842
BTC	GRAYSCALE BITCN MINI TRU ETF	172	$7	0.0%	$50.63	—	SHS NEW	389930207
SOXX	NU HOLDINGS LTD - A	2,450	$41	0.0%	$16.01	—	ISHARES SEMICDTR	464287523
TSLA	TESLA INC	402	$181	0.1%	$255.48	+73.5%	COM	88160R101
BILL	BILL.COM HOLDINGS INC	392	$21	0.0%	$46.44	+10.6%	COM	090043100
FSLY	FASTLY INC - CLASS A	328	$3	0.0%	$85.95	-88.5%	CL A	31188V100
—	BLACKSKY TECHNOLOGY INC	250	$5	0.0%	$4.50	—	COM CL A	09263B108
PTON	PELOTON INTERACTIVE INC-A	110	$1	0.0%	$110.54	-93.6%	CL A COM	70614W100
BAND	BANDWIDTH INC-CLASS A	162	$3	0.0%	$154.91	-90.2%	COM CL A	05988J103
VCIT	VANGUARD INT-TERM CORPORATE	521	$44	0.0%	$80.92	—	INT-TERM CORP	92206C870
SPYD	ADVISORSHARES PURE US CANN	1,375	$6	0.0%	$4.79	—	PRTFLO S&P500 HI	78468R788
AFYA	GROVE COLLABORATIVE HOLDINGS	214	$0	0.0%	$15.33	-3.9%	CL A COM	G01125106
CRM	UNIROYAL GLOBAL ENGINEERED P	2,420	$0	0.0%	$251.43	-1.3%	COM	79466L302
MSOS	VANECK RUSSIA ETF	21,727	$0	0.0%	$40.00	—	PURE US CANNABIS	00768Y453
PG	ARRIVAL SA	1,334	$1	0.0%	$148.08	-0.6%	COM	742718109