PRUDENT INVESTORS NETWORK, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VWO	VANGUARD INTL EQUITY INDEX F	143,195	$7,698	1.8%	$53.76	—	FTSE EMR MKT ETF	922042858
SHYG	ISHARES TR	30,548	$1,310	0.3%	$42.87	—	0-5YR HI YL CP	46434V407
VOO	VANGUARD INDEX FDS	911	$571	0.1%	$627.13	—	S&P 500 ETF SHS	922908363
ISRG	INTUITIVE SURGICAL INC	421	$238	0.1%	$532.37	0.0%	COM NEW	46120E602
GOOGL	ALPHABET INC	733	$229	0.1%	$285.60	0.0%	CAP STK CL A	02079K305
IEFA	ISHARES TR	2,486	$222	0.1%	$89.46	—	CORE MSCI EAFE	46432F842
WFC	WELLS FARGO CO NEW	2,269	$211	0.0%	$86.63	0.0%	COM	949746101
—	MICROCHIP TECHNOLOGY INC.	10,000	$17	0.0%	$1.69	—	NOTE 1.625% 2/1	595017AF1

Increased Positions (24)

FBND FIDELITY MERRIMACK STR TR 13.9%

Value ($000) $60,514 (+21.9%) Shares 1,314,388 (+22.5%) Est. Cost $45.78 Unrealized —

EMBD GLOBAL X FDS 11.6%

Value ($000) $50,718 (+18.5%) Shares 2,112,367 (+17.4%) Est. Cost $23.40 Unrealized —

IDEV ISHARES TR 6.6%

Value ($000) $28,659 (+37.2%) Shares 347,466 (+33.4%) Est. Cost $73.48 Unrealized —

IEF ISHARES TR 9.2%

Value ($000) $40,218 (+17.5%) Shares 418,241 (+17.8%) Est. Cost $94.95 Unrealized —

IAGG ISHARES TR 9.1%

Value ($000) $39,682 (+14.6%) Shares 793,484 (+17.4%) Est. Cost $51.58 Unrealized —

SGOV ISHARES TR 2.4%

Value ($000) $10,602 (+13.2%) Shares 105,614 (+13.6%) Est. Cost $100.64 Unrealized —

XLU SELECT SECTOR SPDR TR 1.8%

Value ($000) $7,809 (-9.1%) Shares 182,924 (+85.6%) Est. Cost $57.31 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value ($000) $1,455 (+99.6%) Shares 12,092 (+87.0%) Est. Cost $96.14 Unrealized +20.1%

XLE SELECT SECTOR SPDR TR 3.7%

Value ($000) $16,058 (+2.9%) Shares 359,154 (+105.7%) Est. Cost $60.30 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $635 (+127.8%) Shares 1,893 (+123.0%) Est. Cost $332.11 Unrealized —

LLY ELI LILLY & CO 0.2%

Value ($000) $867 (+52.4%) Shares 807 (+8.2%) Est. Cost $836.43 Unrealized +14.2%

SCHG SCHWAB STRATEGIC TR 0.2%

Value ($000) $1,063 (+30.1%) Shares 32,584 (+27.3%) Est. Cost $33.22 Unrealized —

EMB ISHARES TR 0.4%

Value ($000) $1,880 (+10.9%) Shares 19,522 (+9.6%) Est. Cost $94.02 Unrealized —

XLP SELECT SECTOR SPDR TR 2.2%

Value ($000) $9,512 (+1.8%) Shares 122,448 (+2.7%) Est. Cost $72.13 Unrealized —

GOOG ALPHABET INC 0.1%

Value ($000) $537 (+39.9%) Shares 1,712 (+8.6%) Est. Cost $158.59 Unrealized +80.5%

IVV ISHARES TR 0.1%

Value ($000) $520 (+34.4%) Shares 759 (+31.3%) Est. Cost $673.55 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value ($000) $356 (+34.5%) Shares 5,692 (+29.0%) Est. Cost $60.49 Unrealized —

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $680 (+11.8%) Shares 3,646 (+11.8%) Est. Cost $115.01 Unrealized +61.8%

VUG VANGUARD INDEX FDS 0.1%

Value ($000) $483 (+15.6%) Shares 991 (+13.6%) Est. Cost $480.60 Unrealized —

GLD SPDR GOLD TR 0.1%

Value ($000) $324 (+24.2%) Shares 818 (+11.4%) Est. Cost $301.47 Unrealized —

VTV VANGUARD INDEX FDS 0.1%

Value ($000) $425 (+11.0%) Shares 2,225 (+8.4%) Est. Cost $186.80 Unrealized —

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $851 (+4.9%) Shares 2,642 (+2.7%) Est. Cost $242.50 Unrealized +27.6%

IUSV ISHARES TR 0.1%

Value ($000) $582 (+4.4%) Shares 5,673 (+1.7%) Est. Cost $78.67 Unrealized —

VOE VANGUARD INDEX FDS 0.1%

Value ($000) $267 (+8.3%) Shares 1,503 (+6.6%) Est. Cost $162.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FBND	FIDELITY MERRIMACK STR TR	1,314,388 (+22.5%)	$60,514 (+21.9%)	13.9%	$45.78	—	TOTAL BD ETF	316188309
EMBD	GLOBAL X FDS	2,112,367 (+17.4%)	$50,718 (+18.5%)	11.6%	$23.40	—	X EMERGING MKT	37954Y350
IDEV	ISHARES TR	347,466 (+33.4%)	$28,659 (+37.2%)	6.6%	$73.48	—	CORE MSCI INTL	46435G326
IEF	ISHARES TR	418,241 (+17.8%)	$40,218 (+17.5%)	9.2%	$94.95	—	7-10 YR TRSY BD	464287440
IAGG	ISHARES TR	793,484 (+17.4%)	$39,682 (+14.6%)	9.1%	$51.58	—	CORE INTL AGGR	46435G672
SGOV	ISHARES TR	105,614 (+13.6%)	$10,602 (+13.2%)	2.4%	$100.64	—	0-3 MNTH TREASRY	46436E718
XLU	SELECT SECTOR SPDR TR	182,924 (+85.6%)	$7,809 (-9.1%)	1.8%	$57.31	—	STATE STREET UTI	81369Y886
XOM	EXXON MOBIL CORP	12,092 (+87.0%)	$1,455 (+99.6%)	0.3%	$96.14	+20.1%	COM	30231G102
XLE	SELECT SECTOR SPDR TR	359,154 (+105.7%)	$16,058 (+2.9%)	3.7%	$60.30	—	STATE STREET ENE	81369Y506
VTI	VANGUARD INDEX FDS	1,893 (+123.0%)	$635 (+127.8%)	0.1%	$332.11	—	TOTAL STK MKT	922908769
LLY	ELI LILLY & CO	807 (+8.2%)	$867 (+52.4%)	0.2%	$836.43	+14.2%	COM	532457108
SCHG	SCHWAB STRATEGIC TR	32,584 (+27.3%)	$1,063 (+30.1%)	0.2%	$33.22	—	US LCAP GR ETF	808524300
EMB	ISHARES TR	19,522 (+9.6%)	$1,880 (+10.9%)	0.4%	$94.02	—	JPMORGAN USD EMG	464288281
XLP	SELECT SECTOR SPDR TR	122,448 (+2.7%)	$9,512 (+1.8%)	2.2%	$72.13	—	STATE STREET CON	81369Y308
GOOG	ALPHABET INC	1,712 (+8.6%)	$537 (+39.9%)	0.1%	$158.59	+80.5%	CAP STK CL C	02079K107
IVV	ISHARES TR	759 (+31.3%)	$520 (+34.4%)	0.1%	$673.55	—	CORE S&P500 ETF	464287200
VEA	VANGUARD TAX-MANAGED FDS	5,692 (+29.0%)	$356 (+34.5%)	0.1%	$60.49	—	VAN FTSE DEV MKT	921943858
NVDA	NVIDIA CORPORATION	3,646 (+11.8%)	$680 (+11.8%)	0.2%	$115.01	+61.8%	COM	67066G104
VUG	VANGUARD INDEX FDS	991 (+13.6%)	$483 (+15.6%)	0.1%	$480.60	—	GROWTH ETF	922908736
GLD	SPDR GOLD TR	818 (+11.4%)	$324 (+24.2%)	0.1%	$301.47	—	GOLD SHS	78463V107
VTV	VANGUARD INDEX FDS	2,225 (+8.4%)	$425 (+11.0%)	0.1%	$186.80	—	VALUE ETF	922908744
JPM	JPMORGAN CHASE & CO.	2,642 (+2.7%)	$851 (+4.9%)	0.2%	$242.50	+27.6%	COM	46625H100
IUSV	ISHARES TR	5,673 (+1.7%)	$582 (+4.4%)	0.1%	$78.67	—	CORE S&P US VLU	464287663
VOE	VANGUARD INDEX FDS	1,503 (+6.6%)	$267 (+8.3%)	0.1%	$162.11	—	MCAP VL IDXVIP	922908512

Exited Positions (3)

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.1%

Value ($000) $391 Shares 1,399 Est. Cost $197.49 Unrealized —

CSCO CISCO SYS INC 0.1%

Value ($000) $227 Shares 3,319 Est. Cost $67.38 Unrealized +9.5%

NFLX NETFLIX INC 0.1%

Value ($000) $222 Shares 185 Est. Cost $113.07 Unrealized -4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,399	$391	0.1%	$197.49	—	—	874039100
CSCO	CISCO SYS INC	3,319	$227	0.1%	$67.38	+9.5%	—	17275R102
NFLX	NETFLIX INC	185	$222	0.1%	$113.07	-4.6%	—	64110L106

Decreased Positions (18)

COWZ PACER FDS TR 0.3%

Value ($000) $1,295 (-92.5%) Shares 21,522 (-92.8%) Est. Cost $54.95 Unrealized —

VO VANGUARD INDEX FDS 4.7%

Value ($000) $20,268 (-13.1%) Shares 69,837 (-12.0%) Est. Cost $253.72 Unrealized —

MTUM ISHARES TR 4.0%

Value ($000) $17,349 (-8.3%) Shares 69,312 (-6.1%) Est. Cost $147.98 Unrealized —

MSFT MICROSOFT CORP 2.1%

Value ($000) $9,330 (-9.2%) Shares 19,293 (-2.8%) Est. Cost $301.59 Unrealized +66.0%

BOND PIMCO ETF TR 0.5%

Value ($000) $2,231 (-28.2%) Shares 23,970 (-28.0%) Est. Cost $98.96 Unrealized —

NSC NORFOLK SOUTHN CORP 0.1%

Value ($000) $300 (-63.2%) Shares 1,039 (-61.7%) Est. Cost $233.06 Unrealized +23.8%

AIQ GLOBAL X FDS 2.5%

Value ($000) $11,075 (-4.3%) Shares 217,750 (-7.0%) Est. Cost $30.30 Unrealized —

XLV SELECT SECTOR SPDR TR 2.4%

Value ($000) $10,649 (-4.3%) Shares 68,793 (-14.0%) Est. Cost $125.13 Unrealized —

TSLA TESLA INC 0.2%

Value ($000) $1,015 (-31.1%) Shares 2,257 (-31.9%) Est. Cost $346.84 Unrealized +27.8%

ORCL ORACLE CORP 0.1%

Value ($000) $310 (-38.7%) Shares 1,593 (-11.5%) Est. Cost $254.17 Unrealized -6.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $557 (-22.7%) Shares 1,109 (-22.7%) Est. Cost $457.22 Unrealized +8.8%

AAPL APPLE INC 0.7%

Value ($000) $2,835 (+5.1%) Shares 10,427 (-1.6%) Est. Cost $178.87 Unrealized +50.0%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $428 (-14.6%) Shares 496 (-8.3%) Est. Cost $893.14 Unrealized +1.4%

VHT VANGUARD WORLD FD 0.1%

Value ($000) $317 (+9.4%) Shares 1,100 (-1.3%) Est. Cost $241.17 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $255 (+2.1%) Shares 1,231 (-8.5%) Est. Cost $169.51 Unrealized +16.2%

QQQ INVESCO QQQ TR 5.8%

Value ($000) $25,482 (+0.0%) Shares 41,480 (-2.3%) Est. Cost $294.00 Unrealized —

ITOT ISHARES TR 0.1%

Value ($000) $360 (+0.3%) Shares 2,421 (-1.7%) Est. Cost $131.28 Unrealized —

SPY SPDR S&P 500 ETF TR 0.0%

Value ($000) $213 (-0.2%) Shares 313 (-2.5%) Est. Cost $617.85 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COWZ	PACER FDS TR	21,522 (-92.8%)	$1,295 (-92.5%)	0.3%	$54.95	—	US CASH COWS 100	69374H881
VO	VANGUARD INDEX FDS	69,837 (-12.0%)	$20,268 (-13.1%)	4.7%	$253.72	—	MID CAP ETF	922908629
MTUM	ISHARES TR	69,312 (-6.1%)	$17,349 (-8.3%)	4.0%	$147.98	—	MSCI USA MMENTM	46432F396
MSFT	MICROSOFT CORP	19,293 (-2.8%)	$9,330 (-9.2%)	2.1%	$301.59	+66.0%	COM	594918104
BOND	PIMCO ETF TR	23,970 (-28.0%)	$2,231 (-28.2%)	0.5%	$98.96	—	ACTIVE BD ETF	72201R775
NSC	NORFOLK SOUTHN CORP	1,039 (-61.7%)	$300 (-63.2%)	0.1%	$233.06	+23.8%	COM	655844108
AIQ	GLOBAL X FDS	217,750 (-7.0%)	$11,075 (-4.3%)	2.5%	$30.30	—	ARTIFICIAL ETF	37954Y632
XLV	SELECT SECTOR SPDR TR	68,793 (-14.0%)	$10,649 (-4.3%)	2.4%	$125.13	—	STATE STREET HEA	81369Y209
TSLA	TESLA INC	2,257 (-31.9%)	$1,015 (-31.1%)	0.2%	$346.84	+27.8%	COM	88160R101
ORCL	ORACLE CORP	1,593 (-11.5%)	$310 (-38.7%)	0.1%	$254.17	-6.3%	COM	68389X105
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,109 (-22.7%)	$557 (-22.7%)	0.1%	$457.22	+8.8%	CL B NEW	084670702
AAPL	APPLE INC	10,427 (-1.6%)	$2,835 (+5.1%)	0.7%	$178.87	+50.0%	COM	037833100
COST	COSTCO WHSL CORP NEW	496 (-8.3%)	$428 (-14.6%)	0.1%	$893.14	+1.4%	COM	22160K105
VHT	VANGUARD WORLD FD	1,100 (-1.3%)	$317 (+9.4%)	0.1%	$241.17	—	HEALTH CAR ETF	92204A504
JNJ	JOHNSON & JOHNSON	1,231 (-8.5%)	$255 (+2.1%)	0.1%	$169.51	+16.2%	COM	478160104
QQQ	INVESCO QQQ TR	41,480 (-2.3%)	$25,482 (+0.0%)	5.8%	$294.00	—	UNIT SER 1	46090E103
ITOT	ISHARES TR	2,421 (-1.7%)	$360 (+0.3%)	0.1%	$131.28	—	CORE S&P TTL STK	464287150
SPY	SPDR S&P 500 ETF TR	313 (-2.5%)	$213 (-0.2%)	0.0%	$617.85	—	TR UNIT	78462F103

Unchanged Positions (23)

XLF SELECT SECTOR SPDR TR 6.3%

Value ($000) $27,386 Shares 500,022 Est. Cost $39.08 Unrealized —

AMZN AMAZON COM INC 2.5%

Value ($000) $11,025 Shares 47,764 Est. Cost $127.12 Unrealized +80.0%

PANW PALO ALTO NETWORKS INC 0.2%

Value ($000) $665 Shares 3,612 Est. Cost $134.60 Unrealized +49.9%

AXP AMERICAN EXPRESS CO 0.1%

Value ($000) $472 Shares 1,277 Est. Cost $316.55 Unrealized +12.8%

ASML ASML HOLDING N V 0.1%

Value ($000) $443 Shares 414 Est. Cost $693.08 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $339 Shares 386 Est. Cost $734.84 Unrealized +10.7%

ABT ABBOTT LABS 0.1%

Value ($000) $433 Shares 3,458 Est. Cost $77.38 Unrealized +64.5%

META META PLATFORMS INC 0.0%

Value ($000) $204 Shares 309 Est. Cost $618.27 Unrealized +7.9%

WMT WALMART INC 0.1%

Value ($000) $263 Shares 2,360 Est. Cost $85.80 Unrealized +24.9%

WAB WABTEC 0.1%

Value ($000) $228 Shares 1,068 Est. Cost $191.67 Unrealized +7.1%

V VISA INC 0.1%

Value ($000) $484 Shares 1,381 Est. Cost $270.77 Unrealized +25.7%

IYW ISHARES TR 0.2%

Value ($000) $746 Shares 3,736 Est. Cost $114.82 Unrealized —

ABBV ABBVIE INC 0.2%

Value ($000) $814 Shares 3,562 Est. Cost $82.66 Unrealized +175.3%

SCHF SCHWAB STRATEGIC TR 0.1%

Value ($000) $260 Shares 10,822 Est. Cost $18.50 Unrealized —

SCHV SCHWAB STRATEGIC TR 0.1%

Value ($000) $459 Shares 15,518 Est. Cost $26.07 Unrealized —

ALL ALLSTATE CORP 0.0%

Value ($000) $208 Shares 1,000 Est. Cost $200.20 Unrealized +1.9%

IYF ISHARES TR 0.1%

Value ($000) $310 Shares 2,408 Est. Cost $77.99 Unrealized —

IWB ISHARES TR 0.1%

Value ($000) $226 Shares 605 Est. Cost $365.48 Unrealized —

SCHE SCHWAB STRATEGIC TR 0.1%

Value ($000) $221 Shares 6,754 Est. Cost $30.14 Unrealized —

VBR VANGUARD INDEX FDS 0.1%

Value ($000) $228 Shares 1,075 Est. Cost $195.86 Unrealized —

ENSG ENSIGN GROUP INC 0.1%

Value ($000) $249 Shares 1,428 Est. Cost $140.14 Unrealized +28.2%

GOVT ISHARES TR 0.1%

Value ($000) $309 Shares 13,431 Est. Cost $26.91 Unrealized —

PHB INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $345 Shares 18,523 Est. Cost $19.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLF	SELECT SECTOR SPDR TR	500,022	$27,386	6.3%	$39.08	—	STATE STREET FIN	81369Y605
AMZN	AMAZON COM INC	47,764	$11,025	2.5%	$127.12	+80.0%	COM	023135106
PANW	PALO ALTO NETWORKS INC	3,612	$665	0.2%	$134.60	+49.9%	COM	697435105
AXP	AMERICAN EXPRESS CO	1,277	$472	0.1%	$316.55	+12.8%	COM	025816109
ASML	ASML HOLDING N V	414	$443	0.1%	$693.08	—	N Y REGISTRY SHS	N07059210
GS	GOLDMAN SACHS GROUP INC	386	$339	0.1%	$734.84	+10.7%	COM	38141G104
ABT	ABBOTT LABS	3,458	$433	0.1%	$77.38	+64.5%	COM	002824100
META	META PLATFORMS INC	309	$204	0.0%	$618.27	+7.9%	CL A	30303M102
WMT	WALMART INC	2,360	$263	0.1%	$85.80	+24.9%	COM	931142103
WAB	WABTEC	1,068	$228	0.1%	$191.67	+7.1%	COM	929740108
V	VISA INC	1,381	$484	0.1%	$270.77	+25.7%	COM CL A	92826C839
IYW	ISHARES TR	3,736	$746	0.2%	$114.82	—	U.S. TECH ETF	464287721
ABBV	ABBVIE INC	3,562	$814	0.2%	$82.66	+175.3%	COM	00287Y109
SCHF	SCHWAB STRATEGIC TR	10,822	$260	0.1%	$18.50	—	INTL EQTY ETF	808524805
SCHV	SCHWAB STRATEGIC TR	15,518	$459	0.1%	$26.07	—	US LCAP VA ETF	808524409
ALL	ALLSTATE CORP	1,000	$208	0.0%	$200.20	+1.9%	COM	020002101
IYF	ISHARES TR	2,408	$310	0.1%	$77.99	—	U.S. FINLS ETF	464287788
IWB	ISHARES TR	605	$226	0.1%	$365.48	—	RUS 1000 ETF	464287622
SCHE	SCHWAB STRATEGIC TR	6,754	$221	0.1%	$30.14	—	EMRG MKTEQ ETF	808524706
VBR	VANGUARD INDEX FDS	1,075	$228	0.1%	$195.86	—	SM CP VAL ETF	922908611
ENSG	ENSIGN GROUP INC	1,428	$249	0.1%	$140.14	+28.2%	COM	29358P101
GOVT	ISHARES TR	13,431	$309	0.1%	$26.91	—	US TREAS BD ETF	46429B267
PHB	INVESCO EXCH TRADED FD TR II	18,523	$345	0.1%	$19.31	—	FNDMNTL HY CRP	46138E719