Fluent Financial, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	16,154	$10,663	4.1%	$667.32	0.0%	CL A	30303M102
RSP	INVESCO EXCHANGE TRADED FD T	38,789	$7,430	2.8%	$191.56	—	S&P500 EQL WGT	46137V357
UPS	UNITED PARCEL SERVICE INC	67,969	$6,742	2.6%	$92.75	0.0%	CL B	911312106
VGK	VANGUARD INTL EQUITY INDEX F	80,055	$6,693	2.6%	$83.61	—	FTSE EUROPE ETF	922042874
PEP	PEPSICO INC	44,156	$6,337	2.4%	$145.91	0.0%	COM	713448108
AAP	ADVANCE AUTO PARTS INC	158,466	$6,228	2.4%	$49.80	0.0%	COM	00751Y106
CPB	THE CAMPBELLS COMPANY	221,506	$6,173	2.4%	$30.06	0.0%	COM	134429109
EL	LAUDER ESTEE COS INC	46,641	$4,884	1.9%	$96.82	0.0%	CL A	518439104
IJH	ISHARES TR	56,845	$3,752	1.4%	$66.00	—	CORE S&P MCP ETF	464287507
IJR	ISHARES TR	30,704	$3,690	1.4%	$120.18	—	CORE S&P SCP ETF	464287804
VBK	VANGUARD INDEX FDS	12,193	$3,684	1.4%	$302.11	—	SML CP GRW ETF	922908595
VBR	VANGUARD INDEX FDS	16,803	$3,559	1.4%	$211.79	—	SM CP VAL ETF	922908611
COO	COOPER COS INC	42,917	$3,517	1.3%	$74.85	0.0%	COM	216648501
ACWX	ISHARES TR	47,532	$3,191	1.2%	$67.13	—	MSCI ACWI EX US	464288240
DG	DOLLAR GEN CORP NEW	20,795	$2,761	1.1%	$111.51	0.0%	COM	256677105
NE	NOBLE CORP PLC	95,171	$2,688	1.0%	$29.24	0.0%	ORD SHS A	G65431127
MORN	MORNINGSTAR INC	11,691	$2,541	1.0%	$216.57	0.0%	COM	617700109
EPOL	ISHARES TR	71,501	$2,516	1.0%	$35.19	—	MSCI POLAND ETF	46429B606
SDRL	SEADRILL LTD	68,218	$2,360	0.9%	$31.15	0.0%	COM	G7997W102
EUFN	ISHARES TR	47,779	$1,772	0.7%	$37.09	—	MSCI EURO FL ETF	464289180
EWI	ISHARES INC	31,679	$1,721	0.7%	$54.33	—	MSCI ITALY ETF	46434G830
EWW	ISHARES INC	24,626	$1,707	0.7%	$69.33	—	MSCI MEXICO ETF	464286822
LW	LAMB WESTON HLDGS INC	36,401	$1,525	0.6%	$58.72	0.0%	COM	513272104
WING	WINGSTOP INC	6,085	$1,451	0.6%	$247.68	0.0%	COM	974155103
RYAN	RYAN SPECIALTY HOLDINGS INC	27,784	$1,434	0.5%	$54.85	0.0%	CL A	78351F107
NVDA	NVIDIA CORPORATION	1,307	$244	0.1%	$186.13	0.0%	COM	67066G104

Increased Positions (17)

XLU SELECT SECTOR SPDR TR 4.0%

Value ($000) $10,432 (+325.9%) Shares 244,376 (+770.0%) Est. Cost $46.55 Unrealized —

EFA ISHARES TR 8.2%

Value ($000) $21,610 (+39.4%) Shares 225,039 (+35.5%) Est. Cost $84.44 Unrealized —

XLP SELECT SECTOR SPDR TR 2.6%

Value ($000) $6,940 (+199.3%) Shares 89,347 (+201.9%) Est. Cost $78.22 Unrealized —

EDV VANGUARD WORLD FD 13.1%

Value ($000) $34,443 (+13.1%) Shares 529,815 (+19.1%) Est. Cost $67.90 Unrealized —

IWM ISHARES TR 4.5%

Value ($000) $11,854 (+34.6%) Shares 48,155 (+32.3%) Est. Cost $205.43 Unrealized —

MRK MERCK & CO INC 2.6%

Value ($000) $6,723 (+33.1%) Shares 63,870 (+6.2%) Est. Cost $81.72 Unrealized +14.1%

EEM ISHARES TR 5.9%

Value ($000) $15,454 (+5.2%) Shares 282,466 (+2.7%) Est. Cost $42.52 Unrealized —

TAFI AB ACTIVE ETFS INC 0.8%

Value ($000) $2,018 (+43.1%) Shares 80,044 (+43.9%) Est. Cost $25.09 Unrealized —

MMIN NEW YORK LIFE INVTS ACTIVE E 1.7%

Value ($000) $4,569 (+10.0%) Shares 190,842 (+9.4%) Est. Cost $24.87 Unrealized —

EWM ISHARES INC 0.7%

Value ($000) $1,821 (+17.9%) Shares 66,557 (+11.7%) Est. Cost $24.38 Unrealized —

QUAL ISHARES TR 1.5%

Value ($000) $3,905 (+7.2%) Shares 19,659 (+4.9%) Est. Cost $171.64 Unrealized —

AAPL APPLE INC 0.4%

Value ($000) $941 (+28.8%) Shares 3,460 (+20.6%) Est. Cost $210.15 Unrealized +27.7%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $589 (+54.0%) Shares 4,894 (+44.3%) Est. Cost $106.00 Unrealized +9.0%

AGZ ISHARES TR 1.6%

Value ($000) $4,229 (+4.3%) Shares 38,361 (+4.4%) Est. Cost $108.75 Unrealized —

GOOG ALPHABET INC 0.1%

Value ($000) $310 (+51.9%) Shares 989 (+17.9%) Est. Cost $221.52 Unrealized +29.3%

EDEN ISHARES TR 0.3%

Value ($000) $823 (+7.8%) Shares 7,193 (+2.7%) Est. Cost $108.30 Unrealized —

CTAS CINTAS CORP 0.3%

Value ($000) $792 (-2.4%) Shares 4,212 (+6.6%) Est. Cost $211.31 Unrealized -11.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLU	SELECT SECTOR SPDR TR	244,376 (+770.0%)	$10,432 (+325.9%)	4.0%	$46.55	—	STATE STREET UTI	81369Y886
EFA	ISHARES TR	225,039 (+35.5%)	$21,610 (+39.4%)	8.2%	$84.44	—	MSCI EAFE ETF	464287465
XLP	SELECT SECTOR SPDR TR	89,347 (+201.9%)	$6,940 (+199.3%)	2.6%	$78.22	—	STATE STREET CON	81369Y308
EDV	VANGUARD WORLD FD	529,815 (+19.1%)	$34,443 (+13.1%)	13.1%	$67.90	—	EXTENDED DUR	921910709
IWM	ISHARES TR	48,155 (+32.3%)	$11,854 (+34.6%)	4.5%	$205.43	—	RUSSELL 2000 ETF	464287655
MRK	MERCK & CO INC	63,870 (+6.2%)	$6,723 (+33.1%)	2.6%	$81.72	+14.1%	COM	58933Y105
EEM	ISHARES TR	282,466 (+2.7%)	$15,454 (+5.2%)	5.9%	$42.52	—	MSCI EMG MKT ETF	464287234
TAFI	AB ACTIVE ETFS INC	80,044 (+43.9%)	$2,018 (+43.1%)	0.8%	$25.09	—	TAX AWARE SHRT	00039J202
MMIN	NEW YORK LIFE INVTS ACTIVE E	190,842 (+9.4%)	$4,569 (+10.0%)	1.7%	$24.87	—	NYLI MACKAY MUNI	45409F843
EWM	ISHARES INC	66,557 (+11.7%)	$1,821 (+17.9%)	0.7%	$24.38	—	MSCI MLY ETF NEW	46434G814
QUAL	ISHARES TR	19,659 (+4.9%)	$3,905 (+7.2%)	1.5%	$171.64	—	MSCI USA QLT FCT	46432F339
AAPL	APPLE INC	3,460 (+20.6%)	$941 (+28.8%)	0.4%	$210.15	+27.7%	COM	037833100
XOM	EXXON MOBIL CORP	4,894 (+44.3%)	$589 (+54.0%)	0.2%	$106.00	+9.0%	COM	30231G102
AGZ	ISHARES TR	38,361 (+4.4%)	$4,229 (+4.3%)	1.6%	$108.75	—	AGENCY BOND ETF	464288166
GOOG	ALPHABET INC	989 (+17.9%)	$310 (+51.9%)	0.1%	$221.52	+29.3%	CAP STK CL C	02079K107
EDEN	ISHARES TR	7,193 (+2.7%)	$823 (+7.8%)	0.3%	$108.30	—	MSCI DENMARK ETF	46429B523
CTAS	CINTAS CORP	4,212 (+6.6%)	$792 (-2.4%)	0.3%	$211.31	-11.0%	COM	172908105

Exited Positions (38)

IQLT ISHARES TR 2.3%

Value ($000) $6,159 Shares 139,386 Est. Cost $37.48 Unrealized —

JD JD.COM INC 2.2%

Value ($000) $5,856 Shares 167,423 Est. Cost $34.50 Unrealized —

AMD ADVANCED MICRO DEVICES INC 2.2%

Value ($000) $5,847 Shares 36,137 Est. Cost $161.38 Unrealized +39.2%

SMCI SUPER MICRO COMPUTER INC 2.2%

Value ($000) $5,782 Shares 120,607 Est. Cost $43.34 Unrealized -5.0%

SNOW SNOWFLAKE INC 2.1%

Value ($000) $5,629 Shares 24,957 Est. Cost $214.74 Unrealized +13.7%

FXI ISHARES TR 1.8%

Value ($000) $4,599 Shares 111,783 Est. Cost $30.66 Unrealized —

RFIX SIMPLIFY EXCHANGE TRADED FUN 1.7%

Value ($000) $4,432 Shares 103,777 Est. Cost $52.54 Unrealized —

ABT ABBOTT LABS 1.6%

Value ($000) $4,270 Shares 31,883 Est. Cost $122.09 Unrealized +4.3%

TAP MOLSON COORS BEVERAGE CO 1.6%

Value ($000) $4,141 Shares 91,515 Est. Cost $54.41 Unrealized -15.8%

GILD GILEAD SCIENCES INC 1.6%

Value ($000) $4,092 Shares 36,862 Est. Cost $93.21 Unrealized +29.7%

LEN LENNAR CORP 1.2%

Value ($000) $3,236 Shares 25,673 Est. Cost $123.58 Unrealized -2.3%

ANF ABERCROMBIE & FITCH CO 1.2%

Value ($000) $3,225 Shares 37,697 Est. Cost $80.80 Unrealized +8.2%

ACWI ISHARES TR 1.1%

Value ($000) $2,885 Shares 20,870 Est. Cost $128.94 Unrealized —

CELH CELSIUS HLDGS INC 1.0%

Value ($000) $2,588 Shares 45,021 Est. Cost $52.29 Unrealized -3.7%

CHWY CHEWY INC 0.7%

Value ($000) $1,733 Shares 42,846 Est. Cost $38.56 Unrealized -10.0%

LMT LOCKHEED MARTIN CORP 0.6%

Value ($000) $1,704 Shares 3,414 Est. Cost $459.07 Unrealized +3.7%

BILL BILL HOLDINGS INC 0.6%

Value ($000) $1,669 Shares 31,501 Est. Cost $59.41 Unrealized -13.5%

OKTA OKTA INC 0.6%

Value ($000) $1,636 Shares 17,844 Est. Cost $92.40 Unrealized -5.6%

TWLO TWILIO INC 0.6%

Value ($000) $1,543 Shares 15,414 Est. Cost $112.58 Unrealized +10.0%

DECK DECKERS OUTDOOR CORP 0.6%

Value ($000) $1,542 Shares 15,210 Est. Cost $109.07 Unrealized -14.1%

BABA ALIBABA GROUP HLDG LTD 0.5%

Value ($000) $1,244 Shares 6,960 Est. Cost $93.81 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.5%

Value ($000) $1,231 Shares 2,538 Est. Cost $464.78 Unrealized +21.6%

DHI D R HORTON INC 0.5%

Value ($000) $1,221 Shares 7,203 Est. Cost $122.31 Unrealized +24.3%

MO ALTRIA GROUP INC 0.5%

Value ($000) $1,217 Shares 18,426 Est. Cost $55.95 Unrealized +6.1%

BIDU BAIDU INC 0.5%

Value ($000) $1,206 Shares 9,153 Est. Cost $91.16 Unrealized —

LMND LEMONADE INC 0.5%

Value ($000) $1,197 Shares 22,360 Est. Cost $38.22 Unrealized +75.8%

TSLA TESLA INC 0.4%

Value ($000) $1,181 Shares 2,655 Est. Cost $333.38 Unrealized +33.0%

SOUN SOUNDHOUND AI INC 0.4%

Value ($000) $1,083 Shares 67,370 Est. Cost $13.27 Unrealized +8.4%

WELL WELLTOWER INC 0.3%

Value ($000) $841 Shares 4,719 Est. Cost $148.57 Unrealized +25.5%

HIPO HIPPO HLDGS INC 0.3%

Value ($000) $821 Shares 22,718 Est. Cost $26.89 Unrealized +24.3%

PEGA PEGASYSTEMS INC 0.3%

Value ($000) $803 Shares 13,957 Est. Cost $55.10 Unrealized +6.3%

KD KYNDRYL HLDGS INC 0.3%

Value ($000) $762 Shares 25,388 Est. Cost $35.60 Unrealized -23.8%

MDB MONGODB INC 0.2%

Value ($000) $612 Shares 1,972 Est. Cost $184.86 Unrealized +96.8%

EXEL EXELIXIS INC 0.2%

Value ($000) $506 Shares 12,263 Est. Cost $40.19 Unrealized +2.9%

O REALTY INCOME CORP 0.2%

Value ($000) $416 Shares 6,838 Est. Cost $56.92 Unrealized +0.8%

— HUDSON PAC PPTYS INC 0.2%

Value ($000) $396 Shares 143,576 Est. Cost $2.76 Unrealized —

RBA RB GLOBAL INC 0.1%

Value ($000) $350 Shares 3,234 Est. Cost $112.11 Unrealized -9.4%

AFRM AFFIRM HLDGS INC 0.1%

Value ($000) $330 Shares 4,519 Est. Cost $76.10 Unrealized -5.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IQLT	ISHARES TR	139,386	$6,159	2.3%	$37.48	—	—	46434V456
JD	JD.COM INC	167,423	$5,856	2.2%	$34.50	—	—	47215P106
AMD	ADVANCED MICRO DEVICES INC	36,137	$5,847	2.2%	$161.38	+39.2%	—	007903107
SMCI	SUPER MICRO COMPUTER INC	120,607	$5,782	2.2%	$43.34	-5.0%	—	86800U302
SNOW	SNOWFLAKE INC	24,957	$5,629	2.1%	$214.74	+13.7%	—	833445109
FXI	ISHARES TR	111,783	$4,599	1.8%	$30.66	—	—	464287184
RFIX	SIMPLIFY EXCHANGE TRADED FUN	103,777	$4,432	1.7%	$52.54	—	—	82889N376
ABT	ABBOTT LABS	31,883	$4,270	1.6%	$122.09	+4.3%	—	002824100
TAP	MOLSON COORS BEVERAGE CO	91,515	$4,141	1.6%	$54.41	-15.8%	—	60871R209
GILD	GILEAD SCIENCES INC	36,862	$4,092	1.6%	$93.21	+29.7%	—	375558103
LEN	LENNAR CORP	25,673	$3,236	1.2%	$123.58	-2.3%	—	526057104
ANF	ABERCROMBIE & FITCH CO	37,697	$3,225	1.2%	$80.80	+8.2%	—	002896207
ACWI	ISHARES TR	20,870	$2,885	1.1%	$128.94	—	—	464288257
CELH	CELSIUS HLDGS INC	45,021	$2,588	1.0%	$52.29	-3.7%	—	15118V207
CHWY	CHEWY INC	42,846	$1,733	0.7%	$38.56	-10.0%	—	16679L109
LMT	LOCKHEED MARTIN CORP	3,414	$1,704	0.6%	$459.07	+3.7%	—	539830109
BILL	BILL HOLDINGS INC	31,501	$1,669	0.6%	$59.41	-13.5%	—	090043100
OKTA	OKTA INC	17,844	$1,636	0.6%	$92.40	-5.6%	—	679295105
TWLO	TWILIO INC	15,414	$1,543	0.6%	$112.58	+10.0%	—	90138F102
DECK	DECKERS OUTDOOR CORP	15,210	$1,542	0.6%	$109.07	-14.1%	—	243537107
BABA	ALIBABA GROUP HLDG LTD	6,960	$1,244	0.5%	$93.81	—	—	01609W102
TMO	THERMO FISHER SCIENTIFIC INC	2,538	$1,231	0.5%	$464.78	+21.6%	—	883556102
DHI	D R HORTON INC	7,203	$1,221	0.5%	$122.31	+24.3%	—	23331A109
MO	ALTRIA GROUP INC	18,426	$1,217	0.5%	$55.95	+6.1%	—	02209S103
BIDU	BAIDU INC	9,153	$1,206	0.5%	$91.16	—	—	056752108
LMND	LEMONADE INC	22,360	$1,197	0.5%	$38.22	+75.8%	—	52567D107
TSLA	TESLA INC	2,655	$1,181	0.4%	$333.38	+33.0%	—	88160R101
SOUN	SOUNDHOUND AI INC	67,370	$1,083	0.4%	$13.27	+8.4%	—	836100107
WELL	WELLTOWER INC	4,719	$841	0.3%	$148.57	+25.5%	—	95040Q104
HIPO	HIPPO HLDGS INC	22,718	$821	0.3%	$26.89	+24.3%	—	433539202
PEGA	PEGASYSTEMS INC	13,957	$803	0.3%	$55.10	+6.3%	—	705573103
KD	KYNDRYL HLDGS INC	25,388	$762	0.3%	$35.60	-23.8%	—	50155Q100
MDB	MONGODB INC	1,972	$612	0.2%	$184.86	+96.8%	—	60937P106
EXEL	EXELIXIS INC	12,263	$506	0.2%	$40.19	+2.9%	—	30161Q104
O	REALTY INCOME CORP	6,838	$416	0.2%	$56.92	+0.8%	—	756109104
—	HUDSON PAC PPTYS INC	143,576	$396	0.2%	$2.76	—	—	444097109
RBA	RB GLOBAL INC	3,234	$350	0.1%	$112.11	-9.4%	—	74935Q107
AFRM	AFFIRM HLDGS INC	4,519	$330	0.1%	$76.10	-5.4%	—	00827B106

Decreased Positions (9)

SPY SPDR S&P 500 ETF TR 1.5%

Value ($000) $3,871 (-78.7%) Shares 5,677 (-79.2%) Est. Cost $308.08 Unrealized —

SPLV INVESCO EXCH TRADED FD TR II 0.9%

Value ($000) $2,278 (-84.9%) Shares 31,901 (-84.4%) Est. Cost $69.69 Unrealized —

JPST J P MORGAN EXCHANGE TRADED F 5.5%

Value ($000) $14,453 (-28.3%) Shares 285,695 (-28.1%) Est. Cost $50.46 Unrealized —

QQQ INVESCO QQQ TR 1.6%

Value ($000) $4,252 (-27.2%) Shares 6,921 (-28.9%) Est. Cost $401.19 Unrealized —

BIIB BIOGEN INC 1.3%

Value ($000) $3,369 (-5.8%) Shares 19,144 (-25.1%) Est. Cost $135.17 Unrealized +20.9%

XLV SELECT SECTOR SPDR TR 0.9%

Value ($000) $2,271 (-8.2%) Shares 14,669 (-17.4%) Est. Cost $134.79 Unrealized —

ECL ECOLAB INC 0.8%

Value ($000) $2,119 (-5.3%) Shares 8,073 (-1.2%) Est. Cost $154.05 Unrealized +72.5%

IWV ISHARES TR 0.2%

Value ($000) $422 (-2.9%) Shares 1,090 (-4.9%) Est. Cost $219.01 Unrealized —

RTX RTX CORPORATION 0.1%

Value ($000) $255 (-1.6%) Shares 1,393 (-10.2%) Est. Cost $106.73 Unrealized +62.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	5,677 (-79.2%)	$3,871 (-78.7%)	1.5%	$308.08	—	TR UNIT	78462F103
SPLV	INVESCO EXCH TRADED FD TR II	31,901 (-84.4%)	$2,278 (-84.9%)	0.9%	$69.69	—	S&P500 LOW VOL	46138E354
JPST	J P MORGAN EXCHANGE TRADED F	285,695 (-28.1%)	$14,453 (-28.3%)	5.5%	$50.46	—	ULTRA SHRT ETF	46641Q837
QQQ	INVESCO QQQ TR	6,921 (-28.9%)	$4,252 (-27.2%)	1.6%	$401.19	—	UNIT SER 1	46090E103
BIIB	BIOGEN INC	19,144 (-25.1%)	$3,369 (-5.8%)	1.3%	$135.17	+20.9%	COM	09062X103
XLV	SELECT SECTOR SPDR TR	14,669 (-17.4%)	$2,271 (-8.2%)	0.9%	$134.79	—	STATE STREET HEA	81369Y209
ECL	ECOLAB INC	8,073 (-1.2%)	$2,119 (-5.3%)	0.8%	$154.05	+72.5%	COM	278865100
IWV	ISHARES TR	1,090 (-4.9%)	$422 (-2.9%)	0.2%	$219.01	—	RUSSELL 3000 ETF	464287689
RTX	RTX CORPORATION	1,393 (-10.2%)	$255 (-1.6%)	0.1%	$106.73	+62.4%	COM	75513E101

Unchanged Positions (5)

ROKU ROKU INC 0.5%

Value ($000) $1,379 Shares 12,714 Est. Cost $82.75 Unrealized +22.7%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $290 Shares 463 Est. Cost $507.12 Unrealized —

VYM VANGUARD WHITEHALL FDS 0.1%

Value ($000) $206 Shares 1,432 Est. Cost $104.88 Unrealized —

USMV ISHARES TR 0.1%

Value ($000) $287 Shares 3,051 Est. Cost $73.68 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $243 Shares 425 Est. Cost $398.78 Unrealized +40.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROKU	ROKU INC	12,714	$1,379	0.5%	$82.75	+22.7%	COM CL A	77543R102
VOO	VANGUARD INDEX FDS	463	$290	0.1%	$507.12	—	S&P 500 ETF SHS	922908363
VYM	VANGUARD WHITEHALL FDS	1,432	$206	0.1%	$104.88	—	HIGH DIV YLD	921946406
USMV	ISHARES TR	3,051	$287	0.1%	$73.68	—	MSCI USA MIN VOL	46429B697
MA	MASTERCARD INCORPORATED	425	$243	0.1%	$398.78	+40.2%	CL A	57636Q104