Black Swift Group, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XMAG	TIDAL TRUST II	516,260	$11,653	1.9%	$22.57	—	DEFIANCE LARGE	88636R743
TER	TERADYNE INC	42,750	$8,275	1.4%	$171.50	0.0%	COM	880770102
XLV	SELECT SECTOR SPDR TR	39,236	$6,074	1.0%	$154.80	—	STATE STREET HEA	81369Y209
XES	SPDR SERIES TRUST	72,505	$5,943	1.0%	$81.97	—	STATE STREET SPD	78468R549
PALL	ABRDN PALLADIUM ETF TRUST	37,909	$5,515	0.9%	$145.48	—	PHYSICAL PALLADM	003262102
VZ	VERIZON COMMUNICATIONS INC	127,675	$5,200	0.9%	$40.48	0.0%	COM	92343V104
COHR	COHERENT CORP	18,950	$3,498	0.6%	$149.58	0.0%	COM	19247G107
VRT	VERTIV HOLDINGS CO	19,100	$3,094	0.5%	$173.58	0.0%	COM CL A	92537N108
JBL	JABIL INC	12,000	$2,833	0.5%	$213.29	0.0%	COM	466313103
SHOP	SHOPIFY INC	15,550	$2,503	0.4%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
BIZD	VANECK ETF TRUST	170,507	$2,418	0.4%	$14.18	—	BDC INCOME ETF	92189F411
UBER	UBER TECHNOLOGIES INC	27,500	$2,247	0.4%	$90.05	0.0%	COM	90353T100
WDC	WESTERN DIGITAL CORP	12,500	$2,153	0.4%	$151.55	0.0%	COM	958102105
GEV	GE VERNOVA INC	3,250	$2,124	0.4%	$609.04	0.0%	COM	36828A101
LDOS	LEIDOS HOLDINGS INC	11,400	$2,057	0.3%	$189.10	0.0%	COM	525327102
SYM	SYMBOTIC INC	33,125	$1,971	0.3%	$66.04	0.0%	CLASS A COM	87151X101
BMY	BRISTOL-MYERS SQUIBB CO	34,950	$1,885	0.3%	$47.53	0.0%	COM	110122108
EQT	EQT CORP	34,325	$1,840	0.3%	$56.13	0.0%	COM	26884L109
CAG	CONAGRA BRANDS INC	80,390	$1,767	0.3%	$17.64	0.0%	COM	205887102
TTMI	TTM TECHNOLOGIES INC	26,500	$1,725	0.3%	$65.27	0.0%	COM	87305R109
FIGR	FIGURE TECHNOLOGY SOLUTIO	25,000	$1,021	0.2%	$40.00	0.0%	COM CL A	349381103
VAL	VALARIS LTD	20,000	$1,008	0.2%	$53.67	0.0%	CL A	G9460G101
FLO	FLOWERS FOODS INC	92,165	$1,006	0.2%	$11.43	0.0%	COM	343498101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	3,250	$988	0.2%	$303.89	—	SPONSORED ADS	874039100
AMKR	AMKOR TECHNOLOGY INC	20,200	$896	0.1%	$35.54	0.0%	COM	031652100
IYH	ISHARES TR	8,405	$547	0.1%	$65.10	—	US HLTHCARE ETF	464287762
FDN	FIRST TR EXCHANGE-TRADED FD	2,000	$538	0.1%	$269.18	—	DJ INTERNT IDX	33733E302
ILF	ISHARES TR	14,830	$452	0.1%	$30.45	—	LATN AMER 40 ETF	464287390
ARGT	GLOBAL X FDS	4,445	$406	0.1%	$91.41	—	GB MSCI AR ETF	37950E259
SN	SHARKNINJA INC	2,000	$224	0.0%	$98.55	0.0%	COM SHS	G8068L108

Increased Positions (29)

MSFT MICROSOFT CORP 1.1%

Value ($000) $6,749 (+3157.5%) Shares 13,255 (+3213.8%) Est. Cost $498.04 Unrealized +0.5%

GOOGL ALPHABET INC 2.3%

Value ($000) $13,559 (+71.2%) Shares 43,320 (+33.0%) Est. Cost $228.15 Unrealized +25.2%

VNM VANECK ETF TRUST 1.0%

Value ($000) $6,054 (+201.2%) Shares 317,090 (+181.4%) Est. Cost $18.65 Unrealized —

JPM JPMORGAN CHASE & CO. 0.9%

Value ($000) $5,523 (+240.6%) Shares 17,140 (+233.5%) Est. Cost $265.38 Unrealized +16.6%

JAAA JANUS DETROIT STR TR 1.8%

Value ($000) $10,824 (+51.1%) Shares 157,625 (+11.7%) Est. Cost $52.61 Unrealized —

PPLT ABRDN PLATINUM ETF TRUST 1.8%

Value ($000) $10,805 (+42.4%) Shares 58,040 (+9.3%) Est. Cost $135.25 Unrealized —

COPX GLOBAL X FDS 1.7%

Value ($000) $10,231 (+45.3%) Shares 142,466 (+21.0%) Est. Cost $56.15 Unrealized —

AMZN AMAZON COM INC 3.5%

Value ($000) $20,879 (+17.5%) Shares 91,915 (+13.6%) Est. Cost $193.27 Unrealized +18.4%

SMH VANECK ETF TRUST 2.2%

Value ($000) $13,351 (+13.9%) Shares 37,074 (+3.2%) Est. Cost $281.38 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 2.0%

Value ($000) $12,239 (+15.0%) Shares 26,109 (+20.3%) Est. Cost $338.18 Unrealized +50.6%

XLK SELECT SECTOR SPDR TR 4.4%

Value ($000) $26,583 (+4.7%) Shares 184,291 (+104.6%) Est. Cost $143.37 Unrealized —

PFFA ETFIS SER TR I 0.6%

Value ($000) $3,789 (+39.9%) Shares 175,815 (+40.9%) Est. Cost $20.62 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $1,683 (+177.6%) Shares 7,825 (+140.8%) Est. Cost $160.67 Unrealized +15.8%

IGV ISHARES TR 2.7%

Value ($000) $16,140 (-5.6%) Shares 151,040 (+1.6%) Est. Cost $102.11 Unrealized —

EWW ISHARES INC 1.0%

Value ($000) $5,716 (+19.4%) Shares 82,446 (+17.5%) Est. Cost $68.38 Unrealized —

CPAG RBB FD INC 0.2%

Value ($000) $1,278 (+151.9%) Shares 12,500 (+150.0%) Est. Cost $101.91 Unrealized —

SPYM SPDR SERIES TRUST 1.7%

Value ($000) $10,197 (+6.2%) Shares 127,212 (+3.8%) Est. Cost $71.18 Unrealized —

QQQ INVESCO QQQ TR 0.2%

Value ($000) $921 (+179.1%) Shares 1,300 (+136.4%) Est. Cost $642.32 Unrealized —

BOTZ GLOBAL X FDS 1.6%

Value ($000) $9,834 (+5.9%) Shares 271,435 (+3.5%) Est. Cost $33.29 Unrealized —

BIL SPDR SERIES TRUST 0.3%

Value ($000) $1,906 (+36.2%) Shares 19,110 (+25.3%) Est. Cost $93.37 Unrealized —

GRID FIRST TR EXCHANGE TRADED FD 1.6%

Value ($000) $9,388 (+5.3%) Shares 61,339 (+3.9%) Est. Cost $124.91 Unrealized —

BOXX EA SERIES TRUST 1.2%

Value ($000) $6,909 (+6.4%) Shares 60,025 (+5.3%) Est. Cost $112.01 Unrealized —

IIPR INNOVATIVE INDL PPTYS INC 0.1%

Value ($000) $561 (-41.2%) Shares 18,835 (+5.8%) Est. Cost $52.26 Unrealized —

IWM ISHARES TR 0.1%

Value ($000) $677 (+86.5%) Shares 2,750 (+83.3%) Est. Cost $229.59 Unrealized —

PLD PROLOGIS INC. 0.3%

Value ($000) $1,842 (+14.6%) Shares 14,429 (+2.8%) Est. Cost $110.01 Unrealized +12.6%

XLE SELECT SECTOR SPDR TR 1.6%

Value ($000) $9,407 (-1.8%) Shares 210,390 (+96.3%) Est. Cost $58.97 Unrealized —

DFUV DIMENSIONAL ETF TRUST 0.1%

Value ($000) $431 (+13.4%) Shares 9,246 (+8.8%) Est. Cost $44.84 Unrealized —

IBDS ISHARES TR 0.1%

Value ($000) $504 (+7.2%) Shares 20,750 (+7.5%) Est. Cost $24.34 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $240 (+5.2%) Shares 1,350 (+8.0%) Est. Cost $163.47 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	13,255 (+3213.8%)	$6,749 (+3157.5%)	1.1%	$498.04	+0.5%	COM	594918104
GOOGL	ALPHABET INC	43,320 (+33.0%)	$13,559 (+71.2%)	2.3%	$228.15	+25.2%	CAP STK CL A	02079K305
VNM	VANECK ETF TRUST	317,090 (+181.4%)	$6,054 (+201.2%)	1.0%	$18.65	—	VANECK VIETNAM	92189F817
JPM	JPMORGAN CHASE & CO.	17,140 (+233.5%)	$5,523 (+240.6%)	0.9%	$265.38	+16.6%	COM	46625H100
JAAA	JANUS DETROIT STR TR	157,625 (+11.7%)	$10,824 (+51.1%)	1.8%	$52.61	—	HENDRSON AAA CL	47103U845
PPLT	ABRDN PLATINUM ETF TRUST	58,040 (+9.3%)	$10,805 (+42.4%)	1.8%	$135.25	—	PHYSCL PLATM SHS	003260106
COPX	GLOBAL X FDS	142,466 (+21.0%)	$10,231 (+45.3%)	1.7%	$56.15	—	GLOBAL X COPPER	37954Y830
AMZN	AMAZON COM INC	91,915 (+13.6%)	$20,879 (+17.5%)	3.5%	$193.27	+18.4%	COM	023135106
SMH	VANECK ETF TRUST	37,074 (+3.2%)	$13,351 (+13.9%)	2.2%	$281.38	—	SEMICONDUCTR ETF	92189F676
CRWD	CROWDSTRIKE HLDGS INC	26,109 (+20.3%)	$12,239 (+15.0%)	2.0%	$338.18	+50.6%	CL A	22788C105
XLK	SELECT SECTOR SPDR TR	184,291 (+104.6%)	$26,583 (+4.7%)	4.4%	$143.37	—	STATE STREET TEC	81369Y803
PFFA	ETFIS SER TR I	175,815 (+40.9%)	$3,789 (+39.9%)	0.6%	$20.62	—	VIRTUS INFRCAP	26923G822
NVDA	NVIDIA CORPORATION	7,825 (+140.8%)	$1,683 (+177.6%)	0.3%	$160.67	+15.8%	COM	67066G104
IGV	ISHARES TR	151,040 (+1.6%)	$16,140 (-5.6%)	2.7%	$102.11	—	EXPANDED TECH	464287515
EWW	ISHARES INC	82,446 (+17.5%)	$5,716 (+19.4%)	1.0%	$68.38	—	MSCI MEXICO ETF	464286822
CPAG	RBB FD INC	12,500 (+150.0%)	$1,278 (+151.9%)	0.2%	$101.91	—	F/M COMPOUNDR US	74933W148
SPYM	SPDR SERIES TRUST	127,212 (+3.8%)	$10,197 (+6.2%)	1.7%	$71.18	—	STATE STREET SPD	78464A854
QQQ	INVESCO QQQ TR	1,300 (+136.4%)	$921 (+179.1%)	0.2%	$642.32	—	UNIT SER 1	46090E103
BOTZ	GLOBAL X FDS	271,435 (+3.5%)	$9,834 (+5.9%)	1.6%	$33.29	—	RBTCS ARTFL INTE	37954Y715
BIL	SPDR SERIES TRUST	19,110 (+25.3%)	$1,906 (+36.2%)	0.3%	$93.37	—	STATE STREET SPD	78468R663
GRID	FIRST TR EXCHANGE TRADED FD	61,339 (+3.9%)	$9,388 (+5.3%)	1.6%	$124.91	—	NASDQ CLN EDGE	33737A108
BOXX	EA SERIES TRUST	60,025 (+5.3%)	$6,909 (+6.4%)	1.2%	$112.01	—	ALPHA ARCH 1-3	02072L565
IIPR	INNOVATIVE INDL PPTYS INC	18,835 (+5.8%)	$561 (-41.2%)	0.1%	$52.26	—	COM	45781V101
IWM	ISHARES TR	2,750 (+83.3%)	$677 (+86.5%)	0.1%	$229.59	—	RUSSELL 2000 ETF	464287655
PLD	PROLOGIS INC.	14,429 (+2.8%)	$1,842 (+14.6%)	0.3%	$110.01	+12.6%	COM	74340W103
XLE	SELECT SECTOR SPDR TR	210,390 (+96.3%)	$9,407 (-1.8%)	1.6%	$58.97	—	STATE STREET ENE	81369Y506
DFUV	DIMENSIONAL ETF TRUST	9,246 (+8.8%)	$431 (+13.4%)	0.1%	$44.84	—	US MKTWIDE VALUE	25434V724
IBDS	ISHARES TR	20,750 (+7.5%)	$504 (+7.2%)	0.1%	$24.34	—	IBONDS 27 ETF	46435UAA9
PLTR	PALANTIR TECHNOLOGIES INC	1,350 (+8.0%)	$240 (+5.2%)	0.0%	$163.47	+10.7%	CL A	69608A108

Exited Positions (23)

MELI MERCADOLIBRE INC 1.3%

Value ($000) $7,957 Shares 3,405 Est. Cost $2400.46 Unrealized -12.5%

NUKZ EXCHANGE TRADED CONCEPTS TRU 1.1%

Value ($000) $6,349 Shares 97,615 Est. Cost $53.16 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.7%

Value ($000) $4,420 Shares 12,800 Est. Cost $298.94 Unrealized +12.8%

SNDK SANDISK CORP 0.7%

Value ($000) $3,927 Shares 35,000 Est. Cost $58.39 Unrealized +243.0%

NET CLOUDFLARE INC 0.6%

Value ($000) $3,809 Shares 17,750 Est. Cost $143.28 Unrealized +47.6%

PEJ INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $2,900 Shares 47,865 Est. Cost $56.90 Unrealized —

DDOG DATADOG INC 0.5%

Value ($000) $2,848 Shares 20,000 Est. Cost $117.46 Unrealized +34.5%

PFE PFIZER INC 0.5%

Value ($000) $2,847 Shares 111,750 Est. Cost $24.14 Unrealized +3.7%

MLPA GLOBAL X FDS 0.3%

Value ($000) $1,855 Shares 38,310 Est. Cost $48.50 Unrealized —

UEC URANIUM ENERGY CORP 0.3%

Value ($000) $1,735 Shares 130,050 Est. Cost $10.01 Unrealized +31.2%

FCX FREEPORT-MCMORAN INC 0.3%

Value ($000) $1,588 Shares 40,500 Est. Cost $43.20 Unrealized +0.3%

NLR VANECK ETF TRUST 0.2%

Value ($000) $1,288 Shares 9,495 Est. Cost $135.65 Unrealized —

U UNITY SOFTWARE INC 0.2%

Value ($000) $1,201 Shares 30,000 Est. Cost $37.08 Unrealized +9.9%

YOU CLEAR SECURE INC 0.2%

Value ($000) $907 Shares 27,175 Est. Cost $32.95 Unrealized +3.1%

RIET ETF SER SOLUTIONS 0.1%

Value ($000) $772 Shares 80,125 Est. Cost $10.00 Unrealized —

XHYE BONDBLOXX ETF TRUST 0.1%

Value ($000) $495 Shares 12,685 Est. Cost $39.11 Unrealized —

CPHY RBB FD INC 0.1%

Value ($000) $381 Shares 7,500 Est. Cost $50.81 Unrealized —

FJUL FIRST TR EXCHNG TRADED FD VI 0.1%

Value ($000) $308 Shares 5,626 Est. Cost $54.73 Unrealized —

ARCC ARES CAPITAL CORP 0.0%

Value ($000) $272 Shares 13,350 Est. Cost $20.75 Unrealized -4.6%

OBDC BLUE OWL CAPITAL CORPORATION 0.0%

Value ($000) $269 Shares 21,100 Est. Cost $13.40 Unrealized -7.8%

JBBB JANUS DETROIT STR TR 0.0%

Value ($000) $214 Shares 4,450 Est. Cost $46.17 Unrealized —

USAR USA RARE EARTH INC 0.0%

Value ($000) $206 Shares 12,000 Est. Cost $14.29 Unrealized +33.3%

REAX THE REAL BROKERAGE INC 0.0%

Value ($000) $167 Shares 40,000 Est. Cost $1.93 Unrealized +100.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MELI	MERCADOLIBRE INC	3,405	$7,957	1.3%	$2400.46	-12.5%	—	58733R102
NUKZ	EXCHANGE TRADED CONCEPTS TRU	97,615	$6,349	1.1%	$53.16	—	—	301505475
UNH	UNITEDHEALTH GROUP INC	12,800	$4,420	0.7%	$298.94	+12.8%	—	91324P102
SNDK	SANDISK CORP	35,000	$3,927	0.7%	$58.39	+243.0%	—	80004C200
NET	CLOUDFLARE INC	17,750	$3,809	0.6%	$143.28	+47.6%	—	18915M107
PEJ	INVESCO EXCHANGE TRADED FD T	47,865	$2,900	0.5%	$56.90	—	—	46137V720
DDOG	DATADOG INC	20,000	$2,848	0.5%	$117.46	+34.5%	—	23804L103
PFE	PFIZER INC	111,750	$2,847	0.5%	$24.14	+3.7%	—	717081103
MLPA	GLOBAL X FDS	38,310	$1,855	0.3%	$48.50	—	—	37954Y343
UEC	URANIUM ENERGY CORP	130,050	$1,735	0.3%	$10.01	+31.2%	—	916896103
FCX	FREEPORT-MCMORAN INC	40,500	$1,588	0.3%	$43.20	+0.3%	—	35671D857
NLR	VANECK ETF TRUST	9,495	$1,288	0.2%	$135.65	—	—	92189F601
U	UNITY SOFTWARE INC	30,000	$1,201	0.2%	$37.08	+9.9%	—	91332U101
YOU	CLEAR SECURE INC	27,175	$907	0.2%	$32.95	+3.1%	—	18467V109
RIET	ETF SER SOLUTIONS	80,125	$772	0.1%	$10.00	—	—	26922B840
XHYE	BONDBLOXX ETF TRUST	12,685	$495	0.1%	$39.11	—	—	097890107
CPHY	RBB FD INC	7,500	$381	0.1%	$50.81	—	—	74933W155
FJUL	FIRST TR EXCHNG TRADED FD VI	5,626	$308	0.1%	$54.73	—	—	33740U208
ARCC	ARES CAPITAL CORP	13,350	$272	0.0%	$20.75	-4.6%	—	04010L103
OBDC	BLUE OWL CAPITAL CORPORATION	21,100	$269	0.0%	$13.40	-7.8%	—	69121K104
JBBB	JANUS DETROIT STR TR	4,450	$214	0.0%	$46.17	—	—	47103U753
USAR	USA RARE EARTH INC	12,000	$206	0.0%	$14.29	+33.3%	—	91733P107
REAX	THE REAL BROKERAGE INC	40,000	$167	0.0%	$1.93	+100.6%	—	75585H206

Decreased Positions (32)

CLOZ SERIES PORTFOLIOS TR 1.3%

Value ($000) $7,779 (-53.7%) Shares 394,659 (-37.0%) Est. Cost $26.57 Unrealized —

META META PLATFORMS INC 1.1%

Value ($000) $6,723 (-53.1%) Shares 10,185 (-47.9%) Est. Cost $657.10 Unrealized +1.6%

ANET ARISTA NETWORKS INC 0.2%

Value ($000) $973 (-87.5%) Shares 10,125 (-81.0%) Est. Cost $128.77 Unrealized +6.9%

AIQ GLOBAL X FDS 1.5%

Value ($000) $8,935 (-38.7%) Shares 175,670 (-40.5%) Est. Cost $34.16 Unrealized —

SNOW SNOWFLAKE INC 0.1%

Value ($000) $797 (-78.6%) Shares 3,635 (-78.0%) Est. Cost $201.63 Unrealized +21.1%

GLD SPDR GOLD TR 0.0%

Value ($000) $297 (-90.8%) Shares 750 (-91.7%) Est. Cost $355.47 Unrealized —

VICI VICI PPTYS INC 0.1%

Value ($000) $412 (-85.0%) Shares 14,650 (-82.6%) Est. Cost $24.72 Unrealized +18.5%

AVAV AEROVIRONMENT INC 0.3%

Value ($000) $1,693 (-56.5%) Shares 7,000 (-43.3%) Est. Cost $169.27 Unrealized +85.7%

GTEK GOLDMAN SACHS ETF TR 0.7%

Value ($000) $4,052 (-33.7%) Shares 101,395 (-35.3%) Est. Cost $30.79 Unrealized —

TKO TKO GROUP HOLDINGS INC 0.4%

Value ($000) $2,372 (-45.0%) Shares 11,350 (-46.8%) Est. Cost $110.61 Unrealized +75.2%

AVGO BROADCOM INC 0.4%

Value ($000) $2,394 (-38.6%) Shares 6,918 (-41.5%) Est. Cost $296.97 Unrealized +20.2%

TAN INVESCO EXCH TRADED FD TR II 0.4%

Value ($000) $2,320 (-36.6%) Shares 47,239 (-43.6%) Est. Cost $43.63 Unrealized —

EWY ISHARES INC 1.5%

Value ($000) $8,971 (+13.4%) Shares 92,276 (-6.6%) Est. Cost $71.78 Unrealized —

CLOX SERIES PORTFOLIOS TR 0.4%

Value ($000) $2,551 (-27.7%) Shares 99,305 (-28.0%) Est. Cost $25.56 Unrealized —

SMHX VANECK ETF TRUST 2.1%

Value ($000) $12,366 (-6.6%) Shares 325,166 (-6.0%) Est. Cost $38.28 Unrealized —

ET ENERGY TRANSFER L P 0.1%

Value ($000) $495 (-63.0%) Shares 30,000 (-61.5%) Est. Cost $18.14 Unrealized —

XLC SELECT SECTOR SPDR TR 0.1%

Value ($000) $446 (-60.2%) Shares 3,785 (-60.0%) Est. Cost $118.37 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.1%

Value ($000) $660 (-48.0%) Shares 13,300 (-32.0%) Est. Cost $48.70 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $1,722 (-20.8%) Shares 3,425 (-20.8%) Est. Cost $296.98 Unrealized +67.5%

CLOA BLACKROCK ETF TRUST II 0.2%

Value ($000) $1,439 (-21.8%) Shares 27,815 (-21.4%) Est. Cost $51.97 Unrealized —

IBTG ISHARES TR 0.2%

Value ($000) $907 (-29.7%) Shares 39,670 (-29.5%) Est. Cost $22.81 Unrealized —

SHY ISHARES TR 0.4%

Value ($000) $2,621 (-12.1%) Shares 29,900 (-16.8%) Est. Cost $82.95 Unrealized —

AAPL APPLE INC 0.2%

Value ($000) $971 (-21.8%) Shares 3,570 (-26.8%) Est. Cost $160.42 Unrealized +67.3%

IBDR ISHARES TR 0.3%

Value ($000) $1,615 (-12.9%) Shares 66,665 (-12.6%) Est. Cost $24.14 Unrealized —

O REALTY INCOME CORP 0.3%

Value ($000) $1,696 (-12.1%) Shares 30,090 (-5.2%) Est. Cost $54.22 Unrealized +5.8%

LLY ELI LILLY & CO 0.2%

Value ($000) $967 (+30.0%) Shares 900 (-7.7%) Est. Cost $665.06 Unrealized +43.7%

VOO VANGUARD INDEX FDS 0.6%

Value ($000) $3,436 (-4.5%) Shares 5,479 (-6.7%) Est. Cost $347.38 Unrealized —

EMXC ISHARES INC 1.5%

Value ($000) $9,170 (+1.2%) Shares 126,171 (-6.0%) Est. Cost $63.74 Unrealized —

PH PARKER-HANNIFIN CORP 0.0%

Value ($000) $242 (+13.5%) Shares 275 (-2.1%) Est. Cost $735.10 Unrealized +11.2%

CIBR FIRST TR EXCHANGE TRADED FD 0.1%

Value ($000) $322 (-8.1%) Shares 4,500 (-2.2%) Est. Cost $76.01 Unrealized —

VTI VANGUARD INDEX FDS 0.0%

Value ($000) $282 (-7.7%) Shares 842 (-9.7%) Est. Cost $263.08 Unrealized —

IBTH ISHARES TR 0.1%

Value ($000) $363 (-4.2%) Shares 16,145 (-4.0%) Est. Cost $22.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLOZ	SERIES PORTFOLIOS TR	394,659 (-37.0%)	$7,779 (-53.7%)	1.3%	$26.57	—	ELDRIDGE BBB B	81752T528
META	META PLATFORMS INC	10,185 (-47.9%)	$6,723 (-53.1%)	1.1%	$657.10	+1.6%	CL A	30303M102
ANET	ARISTA NETWORKS INC	10,125 (-81.0%)	$973 (-87.5%)	0.2%	$128.77	+6.9%	COM SHS	040413205
AIQ	GLOBAL X FDS	175,670 (-40.5%)	$8,935 (-38.7%)	1.5%	$34.16	—	ARTIFICIAL ETF	37954Y632
SNOW	SNOWFLAKE INC	3,635 (-78.0%)	$797 (-78.6%)	0.1%	$201.63	+21.1%	COM SHS	833445109
GLD	SPDR GOLD TR	750 (-91.7%)	$297 (-90.8%)	0.0%	$355.47	—	GOLD SHS	78463V107
VICI	VICI PPTYS INC	14,650 (-82.6%)	$412 (-85.0%)	0.1%	$24.72	+18.5%	COM	925652109
AVAV	AEROVIRONMENT INC	7,000 (-43.3%)	$1,693 (-56.5%)	0.3%	$169.27	+85.7%	COM	008073108
GTEK	GOLDMAN SACHS ETF TR	101,395 (-35.3%)	$4,052 (-33.7%)	0.7%	$30.79	—	FUTURE TECH LEAD	38149W812
TKO	TKO GROUP HOLDINGS INC	11,350 (-46.8%)	$2,372 (-45.0%)	0.4%	$110.61	+75.2%	CL A	87256C101
AVGO	BROADCOM INC	6,918 (-41.5%)	$2,394 (-38.6%)	0.4%	$296.97	+20.2%	COM	11135F101
TAN	INVESCO EXCH TRADED FD TR II	47,239 (-43.6%)	$2,320 (-36.6%)	0.4%	$43.63	—	SOLAR ETF	46138G706
EWY	ISHARES INC	92,276 (-6.6%)	$8,971 (+13.4%)	1.5%	$71.78	—	MSCI STH KOR ETF	464286772
CLOX	SERIES PORTFOLIOS TR	99,305 (-28.0%)	$2,551 (-27.7%)	0.4%	$25.56	—	ELDRIDGE AAA CLO	81752T486
SMHX	VANECK ETF TRUST	325,166 (-6.0%)	$12,366 (-6.6%)	2.1%	$38.28	—	FABLESS SEMICOND	92189H664
ET	ENERGY TRANSFER L P	30,000 (-61.5%)	$495 (-63.0%)	0.1%	$18.14	—	COM UT LTD PTN	29273V100
XLC	SELECT SECTOR SPDR TR	3,785 (-60.0%)	$446 (-60.2%)	0.1%	$118.37	—	STATE STREET COM	81369Y852
IBIT	ISHARES BITCOIN TRUST ETF	13,300 (-32.0%)	$660 (-48.0%)	0.1%	$48.70	—	SHS BEN INT	46438F101
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,425 (-20.8%)	$1,722 (-20.8%)	0.3%	$296.98	+67.5%	CL B NEW	084670702
CLOA	BLACKROCK ETF TRUST II	27,815 (-21.4%)	$1,439 (-21.8%)	0.2%	$51.97	—	ISHARES AAA CLO	092528504
IBTG	ISHARES TR	39,670 (-29.5%)	$907 (-29.7%)	0.2%	$22.81	—	IBONDS 26 TRM TS	46436E858
SHY	ISHARES TR	29,900 (-16.8%)	$2,621 (-12.1%)	0.4%	$82.95	—	1 3 YR TREAS BD	464287457
AAPL	APPLE INC	3,570 (-26.8%)	$971 (-21.8%)	0.2%	$160.42	+67.3%	COM	037833100
IBDR	ISHARES TR	66,665 (-12.6%)	$1,615 (-12.9%)	0.3%	$24.14	—	IBONDS DEC2026	46435GAA0
O	REALTY INCOME CORP	30,090 (-5.2%)	$1,696 (-12.1%)	0.3%	$54.22	+5.8%	COM	756109104
LLY	ELI LILLY & CO	900 (-7.7%)	$967 (+30.0%)	0.2%	$665.06	+43.7%	COM	532457108
VOO	VANGUARD INDEX FDS	5,479 (-6.7%)	$3,436 (-4.5%)	0.6%	$347.38	—	S&P 500 ETF SHS	922908363
EMXC	ISHARES INC	126,171 (-6.0%)	$9,170 (+1.2%)	1.5%	$63.74	—	MSCI EMRG CHN	46434G764
PH	PARKER-HANNIFIN CORP	275 (-2.1%)	$242 (+13.5%)	0.0%	$735.10	+11.2%	COM	701094104
CIBR	FIRST TR EXCHANGE TRADED FD	4,500 (-2.2%)	$322 (-8.1%)	0.1%	$76.01	—	NASDAQ CYB ETF	33734X846
VTI	VANGUARD INDEX FDS	842 (-9.7%)	$282 (-7.7%)	0.0%	$263.08	—	TOTAL STK MKT	922908769
IBTH	ISHARES TR	16,145 (-4.0%)	$363 (-4.2%)	0.1%	$22.52	—	IBONDS 27 TRM TS	46436E841

Unchanged Positions (26)

SPYG SPDR SERIES TRUST 15.6%

Value ($000) $93,688 Shares 813,751 Est. Cost $71.28 Unrealized —

SPY SPDR S&P 500 ETF TR 9.1%

Value ($000) $54,693 Shares 90,179 Est. Cost $585.74 Unrealized —

BA BOEING CO 0.2%

Value ($000) $1,086 Shares 10,000 Est. Cost $209.94 Unrealized -2.0%

EWZ ISHARES INC 1.9%

Value ($000) $11,558 Shares 363,495 Est. Cost $26.88 Unrealized —

IWF ISHARES TR 5.4%

Value ($000) $32,520 Shares 68,710 Est. Cost $243.49 Unrealized —

C CITIGROUP INC 0.2%

Value ($000) $1,109 Shares 9,500 Est. Cost $59.27 Unrealized +74.9%

ORLY OREILLY AUTOMOTIVE INC 0.1%

Value ($000) $638 Shares 7,000 Est. Cost $100.52 Unrealized -2.8%

GOOG ALPHABET INC 0.1%

Value ($000) $518 Shares 1,650 Est. Cost $164.85 Unrealized +73.7%

OEF ISHARES TR 0.6%

Value ($000) $3,773 Shares 11,000 Est. Cost $170.57 Unrealized —

SPMC SOUND POINT MERIDIAN CAP INC 0.1%

Value ($000) $309 Shares 22,500 Est. Cost $20.04 Unrealized —

ZS ZSCALER INC 0.0%

Value ($000) $225 Shares 1,000 Est. Cost $249.30 Unrealized +13.2%

TYL TYLER TECHNOLOGIES INC 0.1%

Value ($000) $454 Shares 1,000 Est. Cost $561.33 Unrealized -15.1%

BUG GLOBAL X FDS 0.1%

Value ($000) $338 Shares 11,100 Est. Cost $27.07 Unrealized —

IVV ISHARES TR 0.2%

Value ($000) $1,453 Shares 2,121 Est. Cost $556.12 Unrealized —

MS MORGAN STANLEY 0.1%

Value ($000) $315 Shares 1,773 Est. Cost $123.35 Unrealized +35.0%

BAC BANK AMERICA CORP 0.1%

Value ($000) $509 Shares 9,250 Est. Cost $37.60 Unrealized +40.1%

DFAT DIMENSIONAL ETF TRUST 0.2%

Value ($000) $1,191 Shares 20,000 Est. Cost $58.21 Unrealized —

HIG HARTFORD INSURANCE GROUP INC 0.1%

Value ($000) $689 Shares 5,000 Est. Cost $101.85 Unrealized +29.2%

VUG VANGUARD INDEX FDS 0.2%

Value ($000) $1,095 Shares 2,244 Est. Cost $223.69 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value ($000) $308 Shares 4,926 Est. Cost $51.30 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.1%

Value ($000) $385 Shares 12,000 Est. Cost $29.11 Unrealized —

CVX CHEVRON CORP NEW 0.1%

Value ($000) $487 Shares 3,195 Est. Cost $136.62 Unrealized +10.8%

IVW ISHARES TR 0.1%

Value ($000) $401 Shares 3,256 Est. Cost $92.83 Unrealized —

— WELLS FARGO CO NEW 0.1%

Value ($000) $448 Shares 370 Est. Cost $1206.61 Unrealized —

IVE ISHARES TR 0.0%

Value ($000) $297 Shares 1,400 Est. Cost $190.58 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.0%

Value ($000) $258 Shares 9,578 Est. Cost $23.18 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPYG	SPDR SERIES TRUST	813,751	$93,688	15.6%	$71.28	—	STATE STREET SPD	78464A409
SPY	SPDR S&P 500 ETF TR	90,179	$54,693	9.1%	$585.74	—	TR UNIT	78462F103
BA	BOEING CO	10,000	$1,086	0.2%	$209.94	-2.0%	COM	097023105
EWZ	ISHARES INC	363,495	$11,558	1.9%	$26.88	—	MSCI BRAZIL ETF	464286400
IWF	ISHARES TR	68,710	$32,520	5.4%	$243.49	—	RUS 1000 GRW ETF	464287614
C	CITIGROUP INC	9,500	$1,109	0.2%	$59.27	+74.9%	COM NEW	172967424
ORLY	OREILLY AUTOMOTIVE INC	7,000	$638	0.1%	$100.52	-2.8%	COM	67103H107
GOOG	ALPHABET INC	1,650	$518	0.1%	$164.85	+73.7%	CAP STK CL C	02079K107
OEF	ISHARES TR	11,000	$3,773	0.6%	$170.57	—	S&P 100 ETF	464287101
SPMC	SOUND POINT MERIDIAN CAP INC	22,500	$309	0.1%	$20.04	—	COMMON STOCK	83617A108
ZS	ZSCALER INC	1,000	$225	0.0%	$249.30	+13.2%	COM	98980G102
TYL	TYLER TECHNOLOGIES INC	1,000	$454	0.1%	$561.33	-15.1%	COM	902252105
BUG	GLOBAL X FDS	11,100	$338	0.1%	$27.07	—	CYBRSCURTY ETF	37954Y384
IVV	ISHARES TR	2,121	$1,453	0.2%	$556.12	—	CORE S&P500 ETF	464287200
MS	MORGAN STANLEY	1,773	$315	0.1%	$123.35	+35.0%	COM NEW	617446448
BAC	BANK AMERICA CORP	9,250	$509	0.1%	$37.60	+40.1%	COM	060505104
DFAT	DIMENSIONAL ETF TRUST	20,000	$1,191	0.2%	$58.21	—	US TARGETED VLU	25434V609
HIG	HARTFORD INSURANCE GROUP INC	5,000	$689	0.1%	$101.85	+29.2%	COM	416515104
VUG	VANGUARD INDEX FDS	2,244	$1,095	0.2%	$223.69	—	GROWTH ETF	922908736
VEA	VANGUARD TAX-MANAGED FDS	4,926	$308	0.1%	$51.30	—	VAN FTSE DEV MKT	921943858
EPD	ENTERPRISE PRODS PARTNERS L	12,000	$385	0.1%	$29.11	—	COM	293792107
CVX	CHEVRON CORP NEW	3,195	$487	0.1%	$136.62	+10.8%	COM	166764100
IVW	ISHARES TR	3,256	$401	0.1%	$92.83	—	S&P 500 GRWT ETF	464287309
—	WELLS FARGO CO NEW	370	$448	0.1%	$1206.61	—	PERP PFD CNV A	949746804
IVE	ISHARES TR	1,400	$297	0.0%	$190.58	—	S&P 500 VAL ETF	464287408
SCHX	SCHWAB STRATEGIC TR	9,578	$258	0.0%	$23.18	—	US LRG CAP ETF	808524201