Independent Family Office, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STIP	ISHARES TR	20,070 (+49.8%)	$2,055 (+48.4%)	0.9%	$102.74	—	0-5 YR TIPS ETF	46429B747
VOO	VANGUARD INDEX FDS	24,071 (+1.8%)	$15,096 (+4.2%)	6.3%	$488.95	—	S&P 500 ETF SHS	922908363
GOOGL	ALPHABET INC	3,505 (+13.7%)	$1,097 (+46.4%)	0.5%	$151.38	+88.7%	CAP STK CL A	02079K305
IBIT	ISHARES BITCOIN TRUST ETF	32,850 (+5.6%)	$1,681 (-16.9%)	0.7%	$48.02	—	SHS BEN INT	46438F101
AAPL	APPLE INC	7,633 (+1.5%)	$2,075 (+8.3%)	0.9%	$160.73	+67.0%	COM	037833100
AMZN	AMAZON COM INC	1,305 (+39.9%)	$301 (+47.0%)	0.1%	$206.70	+10.7%	COM	023135106
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,308 (+1.3%)	$5,684 (+1.3%)	2.4%	$378.15	+31.6%	CL B NEW	084670702
META	META PLATFORMS INC	590 (+27.4%)	$389 (+14.5%)	0.2%	$433.39	+54.0%	CL A	30303M102
COST	COSTCO WHSL CORP NEW	637 (+14.8%)	$549 (+6.9%)	0.2%	$503.77	+79.8%	COM	22160K105

Exited Positions (2)

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $260 Shares 921 Est. Cost $253.82 Unrealized +17.7%

UNH UNITEDHEALTH GROUP INC 0.1%

Value ($000) $207 Shares 600 Est. Cost $474.14 Unrealized -28.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBM	INTERNATIONAL BUSINESS MACHS	921	$260	0.1%	$253.82	+17.7%	—	459200101
UNH	UNITEDHEALTH GROUP INC	600	$207	0.1%	$474.14	-28.9%	—	91324P102

Decreased Positions (9)

PTC PTC INC 8.7%

Value ($000) $20,731 (-16.3%) Shares 119,000 (-2.4%) Est. Cost $119.69 Unrealized +55.3%

IAU ISHARES GOLD TR 13.1%

Value ($000) $31,403 (+10.1%) Shares 386,883 (-1.3%) Est. Cost $34.30 Unrealized —

TOST TOAST INC 3.7%

Value ($000) $8,878 (-9.9%) Shares 250,000 (-7.4%) Est. Cost $17.34 Unrealized +107.9%

IEF ISHARES TR 0.2%

Value ($000) $478 (-46.1%) Shares 4,969 (-45.9%) Est. Cost $102.61 Unrealized —

GOOG ALPHABET INC 0.7%

Value ($000) $1,704 (+22.7%) Shares 5,430 (-4.7%) Est. Cost $126.49 Unrealized +126.4%

TIP ISHARES TR 0.8%

Value ($000) $1,816 (-8.9%) Shares 16,526 (-7.9%) Est. Cost $116.43 Unrealized —

TMUS T-MOBILE US INC 0.2%

Value ($000) $460 (-23.1%) Shares 2,268 (-9.3%) Est. Cost $114.83 Unrealized +84.0%

BSV VANGUARD BD INDEX FDS 0.5%

Value ($000) $1,104 (-2.7%) Shares 14,007 (-2.6%) Est. Cost $76.97 Unrealized —

SHY ISHARES TR 0.5%

Value ($000) $1,158 (-1.5%) Shares 13,978 (-1.3%) Est. Cost $53.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PTC	PTC INC	119,000 (-2.4%)	$20,731 (-16.3%)	8.7%	$119.69	+55.3%	COM	69370C100
IAU	ISHARES GOLD TR	386,883 (-1.3%)	$31,403 (+10.1%)	13.1%	$34.30	—	ISHARES NEW	464285204
TOST	TOAST INC	250,000 (-7.4%)	$8,878 (-9.9%)	3.7%	$17.34	+107.9%	CL A	888787108
IEF	ISHARES TR	4,969 (-45.9%)	$478 (-46.1%)	0.2%	$102.61	—	7-10 YR TRSY BD	464287440
GOOG	ALPHABET INC	5,430 (-4.7%)	$1,704 (+22.7%)	0.7%	$126.49	+126.4%	CAP STK CL C	02079K107
TIP	ISHARES TR	16,526 (-7.9%)	$1,816 (-8.9%)	0.8%	$116.43	—	TIPS BD ETF	464287176
TMUS	T-MOBILE US INC	2,268 (-9.3%)	$460 (-23.1%)	0.2%	$114.83	+84.0%	COM	872590104
BSV	VANGUARD BD INDEX FDS	14,007 (-2.6%)	$1,104 (-2.7%)	0.5%	$76.97	—	SHORT TRM BOND	921937827
SHY	ISHARES TR	13,978 (-1.3%)	$1,158 (-1.5%)	0.5%	$53.94	—	1 3 YR TREAS BD	464287457

Unchanged Positions (59)

GLD SPDR GOLD TR 4.9%

Value ($000) $11,813 Shares 29,808 Est. Cost $115.91 Unrealized —

SPY SPDR S&P 500 ETF TR 13.2%

Value ($000) $31,518 Shares 46,220 Est. Cost $383.91 Unrealized —

MSTR STRATEGY INC 0.3%

Value ($000) $623 Shares 4,100 Est. Cost $310.28 Unrealized -25.8%

IWD ISHARES TR 7.6%

Value ($000) $18,281 Shares 86,911 Est. Cost $143.27 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 2.8%

Value ($000) $6,634 Shares 106,190 Est. Cost $49.85 Unrealized —

GDX VANECK ETF TRUST 1.0%

Value ($000) $2,298 Shares 26,795 Est. Cost $39.66 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.1%

Value ($000) $2,639 Shares 8,685 Est. Cost $98.22 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.5%

Value ($000) $1,308 Shares 2,257 Est. Cost $558.12 Unrealized +1.3%

PHYS SPROTT ASSET MANAGEMENT LP 0.7%

Value ($000) $1,694 Shares 51,316 Est. Cost $14.66 Unrealized —

MSFT MICROSOFT CORP 1.0%

Value ($000) $2,305 Shares 4,767 Est. Cost $304.97 Unrealized +64.1%

ORCL ORACLE CORP 0.2%

Value ($000) $367 Shares 1,884 Est. Cost $112.35 Unrealized +111.9%

LLY ELI LILLY & CO 0.2%

Value ($000) $537 Shares 500 Est. Cost $773.40 Unrealized +23.6%

IWN ISHARES TR 2.6%

Value ($000) $6,269 Shares 34,597 Est. Cost $91.74 Unrealized —

IWM ISHARES TR 3.4%

Value ($000) $8,126 Shares 33,011 Est. Cost $164.61 Unrealized —

DCRE DOUBLELINE ETF TRUST 1.6%

Value ($000) $3,741 Shares 69,183 Est. Cost $51.95 Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 0.3%

Value ($000) $693 Shares 15,140 Est. Cost $16.84 Unrealized —

NGD NEW GOLD INC CDA 0.3%

Value ($000) $733 Shares 84,114 Est. Cost $2.47 Unrealized +204.6%

SHW SHERWIN WILLIAMS CO 0.8%

Value ($000) $1,833 Shares 5,656 Est. Cost $233.42 Unrealized +43.1%

VIG VANGUARD SPECIALIZED FUNDS 2.3%

Value ($000) $5,439 Shares 24,747 Est. Cost $143.88 Unrealized —

NEM NEWMONT CORP 0.2%

Value ($000) $558 Shares 5,593 Est. Cost $32.71 Unrealized +175.7%

AXP AMERICAN EXPRESS CO 0.3%

Value ($000) $715 Shares 1,932 Est. Cost $103.86 Unrealized +243.7%

IJR ISHARES TR 1.1%

Value ($000) $2,556 Shares 21,267 Est. Cost $109.72 Unrealized —

IEO ISHARES TR 0.5%

Value ($000) $1,138 Shares 12,754 Est. Cost $66.26 Unrealized —

SMG SCOTTS MIRACLE-GRO CO 0.7%

Value ($000) $1,712 Shares 29,342 Est. Cost $61.50 Unrealized -10.3%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $272 Shares 1,058 Est. Cost $219.07 Unrealized +20.9%

VHT VANGUARD WORLD FD 0.2%

Value ($000) $389 Shares 1,350 Est. Cost $248.34 Unrealized —

HGV HILTON GRAND VACATIONS INC 0.2%

Value ($000) $566 Shares 12,652 Est. Cost $39.40 Unrealized +7.8%

VPU VANGUARD WORLD FD 0.6%

Value ($000) $1,379 Shares 7,450 Est. Cost $149.67 Unrealized —

IJS ISHARES TR 0.5%

Value ($000) $1,146 Shares 10,080 Est. Cost $103.41 Unrealized —

VXUS VANGUARD STAR FDS 0.5%

Value ($000) $1,190 Shares 15,774 Est. Cost $54.43 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $300 Shares 1,449 Est. Cost $130.09 Unrealized +51.4%

EEM ISHARES TR 0.5%

Value ($000) $1,132 Shares 20,688 Est. Cost $43.72 Unrealized —

PRIM PRIMORIS SVCS CORP 0.1%

Value ($000) $248 Shares 2,000 Est. Cost $107.37 Unrealized +21.6%

IVV ISHARES TR 0.4%

Value ($000) $1,074 Shares 1,568 Est. Cost $440.36 Unrealized —

RLY SSGA ACTIVE ETF TR 0.5%

Value ($000) $1,246 Shares 39,611 Est. Cost $266.71 Unrealized —

TECK TECK RESOURCES LTD 0.1%

Value ($000) $263 Shares 5,500 Est. Cost $39.46 Unrealized +9.8%

WMT WALMART INC 0.1%

Value ($000) $281 Shares 2,520 Est. Cost $52.22 Unrealized +105.3%

EWC ISHARES INC 0.1%

Value ($000) $334 Shares 6,200 Est. Cost $29.90 Unrealized —

EFA ISHARES TR 0.3%

Value ($000) $689 Shares 7,174 Est. Cost $89.39 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.1%

Value ($000) $313 Shares 1,271 Est. Cost $237.29 Unrealized +4.3%

GCOW PACER FDS TR 0.2%

Value ($000) $425 Shares 10,315 Est. Cost $31.97 Unrealized —

IJH ISHARES TR 0.6%

Value ($000) $1,445 Shares 21,890 Est. Cost $79.39 Unrealized —

PKW INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $1,130 Shares 8,414 Est. Cost $56.76 Unrealized —

JPM JPMORGAN CHASE & CO. 0.3%

Value ($000) $709 Shares 2,200 Est. Cost $153.51 Unrealized +101.6%

QQQ INVESCO QQQ TR 0.3%

Value ($000) $638 Shares 1,039 Est. Cost $286.31 Unrealized —

VDC VANGUARD WORLD FD 0.5%

Value ($000) $1,191 Shares 5,640 Est. Cost $163.76 Unrealized —

— TRI CONTL CORP 0.1%

Value ($000) $228 Shares 6,987 Est. Cost $28.83 Unrealized —

PNC PNC FINL SVCS GROUP INC 0.1%

Value ($000) $209 Shares 1,000 Est. Cost $195.75 Unrealized -1.5%

LQD ISHARES TR 0.3%

Value ($000) $606 Shares 5,500 Est. Cost $127.77 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $235 Shares 1,635 Est. Cost $131.97 Unrealized +10.6%

IJJ ISHARES TR 0.1%

Value ($000) $308 Shares 2,340 Est. Cost $107.13 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.3%

Value ($000) $725 Shares 4,275 Est. Cost $47.96 Unrealized +250.0%

ABBV ABBVIE INC 0.1%

Value ($000) $264 Shares 1,157 Est. Cost $182.67 Unrealized +24.6%

FLOT ISHARES TR 0.2%

Value ($000) $479 Shares 9,420 Est. Cost $50.67 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.6%

Value ($000) $1,510 Shares 2 Est. Cost $438451.22 Unrealized +70.2%

AGG ISHARES TR 0.1%

Value ($000) $268 Shares 2,682 Est. Cost $112.24 Unrealized —

IWR ISHARES TR 0.1%

Value ($000) $202 Shares 2,100 Est. Cost $96.55 Unrealized —

AMP AMERIPRISE FINL INC 0.1%

Value ($000) $210 Shares 428 Est. Cost $426.54 Unrealized +11.1%

INFL LISTED FDS TR 3.0%

Value ($000) $7,171 Shares 161,294 Est. Cost $40.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	29,808	$11,813	4.9%	$115.91	—	GOLD SHS	78463V107
SPY	SPDR S&P 500 ETF TR	46,220	$31,518	13.2%	$383.91	—	TR UNIT	78462F103
MSTR	STRATEGY INC	4,100	$623	0.3%	$310.28	-25.8%	CL A NEW	594972408
IWD	ISHARES TR	86,911	$18,281	7.6%	$143.27	—	RUS 1000 VAL ETF	464287598
VEA	VANGUARD TAX-MANAGED FDS	106,190	$6,634	2.8%	$49.85	—	VAN FTSE DEV MKT	921943858
GDX	VANECK ETF TRUST	26,795	$2,298	1.0%	$39.66	—	GOLD MINERS ETF	92189F106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	8,685	$2,639	1.1%	$98.22	—	SPONSORED ADS	874039100
TMO	THERMO FISHER SCIENTIFIC INC	2,257	$1,308	0.5%	$558.12	+1.3%	COM	883556102
PHYS	SPROTT ASSET MANAGEMENT LP	51,316	$1,694	0.7%	$14.66	—	PHYSICAL GOLD TR	85207H104
MSFT	MICROSOFT CORP	4,767	$2,305	1.0%	$304.97	+64.1%	COM	594918104
ORCL	ORACLE CORP	1,884	$367	0.2%	$112.35	+111.9%	COM	68389X105
LLY	ELI LILLY & CO	500	$537	0.2%	$773.40	+23.6%	COM	532457108
IWN	ISHARES TR	34,597	$6,269	2.6%	$91.74	—	RUS 2000 VAL ETF	464287630
IWM	ISHARES TR	33,011	$8,126	3.4%	$164.61	—	RUSSELL 2000 ETF	464287655
DCRE	DOUBLELINE ETF TRUST	69,183	$3,741	1.6%	$51.95	—	COMMERCIAL REAL	25861R303
CEF	SPROTT ASSET MANAGEMENT LP	15,140	$693	0.3%	$16.84	—	PHYSICAL GOLD AN	85208R101
NGD	NEW GOLD INC CDA	84,114	$733	0.3%	$2.47	+204.6%	COM	644535106
SHW	SHERWIN WILLIAMS CO	5,656	$1,833	0.8%	$233.42	+43.1%	COM	824348106
VIG	VANGUARD SPECIALIZED FUNDS	24,747	$5,439	2.3%	$143.88	—	DIV APP ETF	921908844
NEM	NEWMONT CORP	5,593	$558	0.2%	$32.71	+175.7%	COM	651639106
AXP	AMERICAN EXPRESS CO	1,932	$715	0.3%	$103.86	+243.7%	COM	025816109
IJR	ISHARES TR	21,267	$2,556	1.1%	$109.72	—	CORE S&P SCP ETF	464287804
IEO	ISHARES TR	12,754	$1,138	0.5%	$66.26	—	US OIL GS EX ETF	464288851
SMG	SCOTTS MIRACLE-GRO CO	29,342	$1,712	0.7%	$61.50	-10.3%	CL A	810186106
ADP	AUTOMATIC DATA PROCESSING IN	1,058	$272	0.1%	$219.07	+20.9%	COM	053015103
VHT	VANGUARD WORLD FD	1,350	$389	0.2%	$248.34	—	HEALTH CAR ETF	92204A504
HGV	HILTON GRAND VACATIONS INC	12,652	$566	0.2%	$39.40	+7.8%	COM	43283X105
VPU	VANGUARD WORLD FD	7,450	$1,379	0.6%	$149.67	—	UTILITIES ETF	92204A876
IJS	ISHARES TR	10,080	$1,146	0.5%	$103.41	—	SP SMCP600VL ETF	464287879
VXUS	VANGUARD STAR FDS	15,774	$1,190	0.5%	$54.43	—	VG TL INTL STK F	921909768
JNJ	JOHNSON & JOHNSON	1,449	$300	0.1%	$130.09	+51.4%	COM	478160104
EEM	ISHARES TR	20,688	$1,132	0.5%	$43.72	—	MSCI EMG MKT ETF	464287234
PRIM	PRIMORIS SVCS CORP	2,000	$248	0.1%	$107.37	+21.6%	COM	74164F103
IVV	ISHARES TR	1,568	$1,074	0.4%	$440.36	—	CORE S&P500 ETF	464287200
RLY	SSGA ACTIVE ETF TR	39,611	$1,246	0.5%	$266.71	—	STATE STREET MUL	78467V103
TECK	TECK RESOURCES LTD	5,500	$263	0.1%	$39.46	+9.8%	CL B	878742204
WMT	WALMART INC	2,520	$281	0.1%	$52.22	+105.3%	COM	931142103
EWC	ISHARES INC	6,200	$334	0.1%	$29.90	—	MSCI CDA ETF	464286509
EFA	ISHARES TR	7,174	$689	0.3%	$89.39	—	MSCI EAFE ETF	464287465
ITW	ILLINOIS TOOL WKS INC	1,271	$313	0.1%	$237.29	+4.3%	COM	452308109
GCOW	PACER FDS TR	10,315	$425	0.2%	$31.97	—	GLOBL CASH ETF	69374H709
IJH	ISHARES TR	21,890	$1,445	0.6%	$79.39	—	CORE S&P MCP ETF	464287507
PKW	INVESCO EXCHANGE TRADED FD T	8,414	$1,130	0.5%	$56.76	—	BUYBACK ACHIEV	46137V308
JPM	JPMORGAN CHASE & CO.	2,200	$709	0.3%	$153.51	+101.6%	COM	46625H100
QQQ	INVESCO QQQ TR	1,039	$638	0.3%	$286.31	—	UNIT SER 1	46090E103
VDC	VANGUARD WORLD FD	5,640	$1,191	0.5%	$163.76	—	CONSUM STP ETF	92204A207
—	TRI CONTL CORP	6,987	$228	0.1%	$28.83	—	COM	895436103
PNC	PNC FINL SVCS GROUP INC	1,000	$209	0.1%	$195.75	-1.5%	COM	693475105
LQD	ISHARES TR	5,500	$606	0.3%	$127.77	—	IBOXX INV CP ETF	464287242
PEP	PEPSICO INC	1,635	$235	0.1%	$131.97	+10.6%	COM	713448108
IJJ	ISHARES TR	2,340	$308	0.1%	$107.13	—	S&P MC 400VL ETF	464287705
AEM	AGNICO EAGLE MINES LTD	4,275	$725	0.3%	$47.96	+250.0%	COM	008474108
ABBV	ABBVIE INC	1,157	$264	0.1%	$182.67	+24.6%	COM	00287Y109
FLOT	ISHARES TR	9,420	$479	0.2%	$50.67	—	FLTG RATE NT ETF	46429B655
BRK/A	BERKSHIRE HATHAWAY INC DEL	2	$1,510	0.6%	$438451.22	+70.2%	CL A	084670108
AGG	ISHARES TR	2,682	$268	0.1%	$112.24	—	CORE US AGGBD ET	464287226
IWR	ISHARES TR	2,100	$202	0.1%	$96.55	—	RUS MID CAP ETF	464287499
AMP	AMERIPRISE FINL INC	428	$210	0.1%	$426.54	+11.1%	COM	03076C106
INFL	LISTED FDS TR	161,294	$7,171	3.0%	$40.28	—	HORIZON KINETICS	53656F623