Financial Strategies Group, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FENI	FIDELITY COVINGTON TRUST	1,144,936 (+2.1%)	$43,107 (+7.9%)	7.8%	$35.69	—	ENHANCED INTL	31609A404
SPMD	SPDR SERIES TRUST	403,487 (+2.1%)	$24,350 (+8.3%)	4.4%	$36.60	—	STATE STREET SPD	78464A847
SPAB	SPDR SERIES TRUST	1,839,895 (+4.1%)	$47,451 (+4.0%)	8.6%	$26.66	—	STATE STREET SPD	78464A649
COF	CAPITAL ONE FINL CORP	44,203 (+1.7%)	$11,402 (+18.3%)	2.1%	$119.48	+86.0%	COM	14040H105
FNDX	SCHWAB STRATEGIC TR	887,072 (+1.1%)	$24,749 (+6.3%)	4.5%	$34.87	—	FUNDAMENTAL US L	808524771
PGR	PROGRESSIVE CORP	58,429 (+8.1%)	$12,407 (+12.7%)	2.2%	$178.30	+19.1%	COM	743315103
SLYV	SPDR SERIES TRUST	174,945 (+2.0%)	$16,555 (+9.1%)	3.0%	$69.92	—	STATE STREET SPD	78464A300
FDS	FACTSET RESH SYS INC	31,271 (+4.5%)	$9,156 (+15.6%)	1.7%	$375.46	-25.4%	COM	303075105
CB	CHUBB LIMITED	32,950 (+2.0%)	$10,191 (+13.4%)	1.8%	$273.18	+7.0%	COM	H1467J104
JPM	JPMORGAN CHASE & CO.	33,431 (+2.2%)	$11,186 (+10.6%)	2.0%	$151.43	+104.4%	COM	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,361 (+3.8%)	$12,656 (+9.0%)	2.3%	$377.56	+31.8%	CL B NEW	084670702
SPEM	SPDR INDEX SHS FDS	601,163 (+1.9%)	$29,042 (+3.2%)	5.3%	$37.52	—	PORTFOLIO EMG MK	78463X509
FBND	FIDELITY MERRIMACK STR TR	559,240 (+3.8%)	$25,792 (+3.4%)	4.7%	$45.16	—	TOTAL BD ETF	316188309
XOM	EXXON MOBIL CORP	72,292 (+3.2%)	$8,751 (+9.8%)	1.6%	$91.78	+25.8%	COM	30231G102
PHM	PULTE GROUP INC	64,232 (+5.9%)	$7,782 (+8.0%)	1.4%	$107.56	+13.8%	COM	745867101
ISCF	ISHARES TR	213,550 (+1.9%)	$9,042 (+6.3%)	1.6%	$31.45	—	INTERNATIONAL SL	46434V266
SLYG	SPDR SERIES TRUST	77,350 (+2.3%)	$7,552 (+7.2%)	1.4%	$73.09	—	STATE STREET SPD	78464A201
VZ	VERIZON COMMUNICATIONS INC	152,914 (+6.5%)	$6,162 (+8.7%)	1.1%	$36.15	+12.0%	COM	92343V104
SGOV	ISHARES TR	43,403 (+9.3%)	$4,359 (+9.3%)	0.8%	$100.46	—	0-3 MNTH TREASRY	46436E718
AMZN	AMAZON COM INC	58,578 (+2.8%)	$14,113 (-2.5%)	2.6%	$148.05	+54.5%	COM	023135106
CNR	CORE NATURAL RESOURCES INC	19,270 (+12.6%)	$1,758 (+25.8%)	0.3%	$82.19	+3.6%	COM SHS	218937100
IJH	ISHARES TR	56,173 (+1.6%)	$3,862 (+7.6%)	0.7%	$89.58	—	CORE S&P MCP ETF	464287507
KNSL	KINSALE CAP GROUP INC	2,504 (+22.1%)	$1,004 (+26.0%)	0.2%	$429.14	-5.0%	COM	49714P108
SIGI	SELECTIVE INS GROUP INC	11,964 (+6.0%)	$1,007 (+20.6%)	0.2%	$88.05	-9.5%	COM	816300107
WRB	BERKLEY W R CORP	129,046 (+4.4%)	$9,032 (+1.8%)	1.6%	$50.42	+44.3%	COM	084423102
GPI	GROUP 1 AUTOMOTIVE INC	2,428 (+15.8%)	$968 (+17.4%)	0.2%	$380.84	+7.8%	COM	398905109
DVA	DAVITA INC	8,544 (+21.3%)	$980 (+16.8%)	0.2%	$139.29	-12.7%	COM	23918K108
ABG	ASBURY AUTOMOTIVE GROUP INC	4,148 (+11.9%)	$1,004 (+15.3%)	0.2%	$239.33	-1.2%	COM	043436104
NMIH	NMI HLDGS INC	25,900 (+4.1%)	$1,046 (+14.2%)	0.2%	$34.90	+8.3%	COM	629209305
BND	VANGUARD BD INDEX FDS	42,822 (+4.3%)	$3,177 (+4.2%)	0.6%	$74.24	—	TOTAL BND MRKT	921937835
PG	PROCTER AND GAMBLE CO	43,492 (+7.9%)	$6,085 (+2.0%)	1.1%	$144.64	+1.8%	COM	742718109
ACT	ENACT HLDGS INC	20,658 (+3.8%)	$828 (+15.9%)	0.1%	$31.99	+17.3%	COM	29249E109
AN	AUTONATION INC	3,785 (+9.1%)	$802 (+16.5%)	0.1%	$176.94	+17.6%	COM	05329W102
LAD	LITHIA MTRS INC	3,084 (+6.2%)	$1,008 (+12.6%)	0.2%	$301.27	+5.4%	COM	536797103
VTEB	VANGUARD MUN BD FDS	47,500 (+4.4%)	$2,397 (+4.7%)	0.4%	$51.01	—	TAX EXEMPT BD	922907746
MSFT	MICROSOFT CORP	13,858 (+9.7%)	$6,631 (+1.6%)	1.2%	$336.17	+48.9%	COM	594918104
EXP	EAGLE MATLS INC	2,662 (+14.2%)	$577 (+20.2%)	0.1%	$239.03	-7.7%	COM	26969P108
EWX	SPDR INDEX SHS FDS	39,116 (+4.8%)	$2,612 (+3.6%)	0.5%	$49.88	—	S&P EMKTSC ETF	78463X756
THC	TENET HEALTHCARE CORP	3,930 (+7.6%)	$818 (+11.3%)	0.1%	$135.15	+49.5%	COM NEW	88033G407
SHM	SPDR SERIES TRUST	19,797 (+9.0%)	$952 (+9.3%)	0.2%	$47.14	—	STATE STREET SPD	78468R739
BUFD	FIRST TR EXCHNG TRADED FD VI	44,189 (+4.8%)	$1,254 (+6.7%)	0.2%	$20.61	—	FT VEST LADDERED	33740U703
AAPL	APPLE INC	28,991 (+1.5%)	$7,606 (-1.0%)	1.4%	$169.74	+58.1%	COM	037833100
PM	PHILIP MORRIS INTL INC	2,624 (+14.0%)	$407 (+22.3%)	0.1%	$139.49	+10.1%	COM	718172109
MUB	ISHARES TR	24,613 (+2.4%)	$2,644 (+2.8%)	0.5%	$106.10	—	NATIONAL MUN ETF	464288414
VO	VANGUARD INDEX FDS	2,861 (+3.1%)	$857 (+6.4%)	0.2%	$237.17	—	MID CAP ETF	922908629
SUB	ISHARES TR	13,229 (+3.2%)	$1,414 (+3.8%)	0.3%	$105.88	—	SHRT NAT MUN ETF	464288158
MTG	MGIC INVT CORP WIS	20,748 (+4.2%)	$601 (+9.1%)	0.1%	$22.98	+22.2%	COM	552848103
BJ	BJS WHSL CLUB HLDGS INC	10,579 (+5.1%)	$961 (+5.1%)	0.2%	$88.96	+3.2%	COM	05550J101
CON	CONCENTRA GROUP HOLDINGS PAR	13,291 (+9.7%)	$266 (+11.7%)	0.0%	$21.12	-5.5%	COMMON STOCK	20603L102
PEP	PEPSICO INC	43,279 (+2.9%)	$6,014 (-0.5%)	1.1%	$150.03	-2.7%	COM	713448108
FMB	FIRST TR EXCH TRADED FD III	18,325 (+2.6%)	$939 (+2.8%)	0.2%	$52.19	—	MANAGD MUN ETF	33739N108
VIOG	VANGUARD ADMIRAL FDS INC	1,781 (+1.5%)	$224 (+6.4%)	0.0%	$116.90	—	SMLCP 600 GRTH	921932794
JMUB	J P MORGAN EXCHANGE TRADED F	14,677 (+1.8%)	$743 (+1.8%)	0.1%	$49.74	—	MUNICIPAL ETF	46641Q647

Exited Positions (1)

BP BP PLC 0.1%

Value ($000) $314 Shares 9,000 Est. Cost $37.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BP	BP PLC	9,000	$314	0.1%	$37.74	—	—	055622104

Decreased Positions (11)

GOOG ALPHABET INC 2.4%

Value ($000) $13,514 (-2.7%) Shares 42,964 (-12.1%) Est. Cost $134.62 Unrealized +112.7%

ENVA ENOVA INTL INC 0.2%

Value ($000) $1,366 (+10.4%) Shares 8,444 (-16.4%) Est. Cost $114.28 Unrealized +13.9%

HCC WARRIOR MET COAL INC 0.3%

Value ($000) $1,497 (+7.3%) Shares 16,482 (-17.9%) Est. Cost $57.38 Unrealized +31.0%

AMR ALPHA METALLURGICAL RESOUR I 0.2%

Value ($000) $1,295 (+8.1%) Shares 6,122 (-7.1%) Est. Cost $191.81 Unrealized -9.9%

SCHV SCHWAB STRATEGIC TR 0.4%

Value ($000) $2,200 (+4.5%) Shares 72,183 (-1.3%) Est. Cost $38.46 Unrealized —

HCA HCA HEALTHCARE INC 2.1%

Value ($000) $11,676 (+0.8%) Shares 24,145 (-3.8%) Est. Cost $279.16 Unrealized +66.1%

VIOV VANGUARD ADMIRAL FDS INC 0.2%

Value ($000) $1,376 (+5.7%) Shares 13,525 (-1.3%) Est. Cost $93.16 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.8%

Value ($000) $4,179 (-1.3%) Shares 75,174 (-2.1%) Est. Cost $41.03 Unrealized —

SPDW SPDR INDEX SHS FDS 0.1%

Value ($000) $368 (+2.8%) Shares 8,060 (-1.6%) Est. Cost $31.86 Unrealized —

GOOGL ALPHABET INC 0.1%

Value ($000) $436 (+1.6%) Shares 1,386 (-8.3%) Est. Cost $169.66 Unrealized +68.3%

BAR GRANITESHARES GOLD TR 0.0%

Value ($000) $248 (+1.1%) Shares 5,605 (-9.8%) Est. Cost $17.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	42,964 (-12.1%)	$13,514 (-2.7%)	2.4%	$134.62	+112.7%	CAP STK CL C	02079K107
ENVA	ENOVA INTL INC	8,444 (-16.4%)	$1,366 (+10.4%)	0.2%	$114.28	+13.9%	COM	29357K103
HCC	WARRIOR MET COAL INC	16,482 (-17.9%)	$1,497 (+7.3%)	0.3%	$57.38	+31.0%	COM	93627C101
AMR	ALPHA METALLURGICAL RESOUR I	6,122 (-7.1%)	$1,295 (+8.1%)	0.2%	$191.81	-9.9%	COM	020764106
SCHV	SCHWAB STRATEGIC TR	72,183 (-1.3%)	$2,200 (+4.5%)	0.4%	$38.46	—	US LCAP VA ETF	808524409
HCA	HCA HEALTHCARE INC	24,145 (-3.8%)	$11,676 (+0.8%)	2.1%	$279.16	+66.1%	COM	40412C101
VIOV	VANGUARD ADMIRAL FDS INC	13,525 (-1.3%)	$1,376 (+5.7%)	0.2%	$93.16	—	SMLCP 600 VAL	921932778
VWO	VANGUARD INTL EQUITY INDEX F	75,174 (-2.1%)	$4,179 (-1.3%)	0.8%	$41.03	—	FTSE EMR MKT ETF	922042858
SPDW	SPDR INDEX SHS FDS	8,060 (-1.6%)	$368 (+2.8%)	0.1%	$31.86	—	PORTFOLIO DEVLPD	78463X889
GOOGL	ALPHABET INC	1,386 (-8.3%)	$436 (+1.6%)	0.1%	$169.66	+68.3%	CAP STK CL A	02079K305
BAR	GRANITESHARES GOLD TR	5,605 (-9.8%)	$248 (+1.1%)	0.0%	$17.25	—	SHS BEN INT	38748G101

Unchanged Positions (28)

SPTM SPDR SERIES TRUST 11.4%

Value ($000) $62,808 Shares 749,047 Est. Cost $43.28 Unrealized —

IQLT ISHARES TR 1.8%

Value ($000) $10,112 Shares 216,677 Est. Cost $35.73 Unrealized —

PSFF PACER FDS TR 2.5%

Value ($000) $13,895 Shares 427,534 Est. Cost $27.11 Unrealized —

MRK MERCK & CO INC 0.1%

Value ($000) $419 Shares 3,852 Est. Cost $66.75 Unrealized +39.7%

SEM SELECT MED HLDGS CORP 0.1%

Value ($000) $547 Shares 35,594 Est. Cost $16.25 Unrealized -13.2%

VEA VANGUARD TAX-MANAGED FDS 0.3%

Value ($000) $1,481 Shares 23,084 Est. Cost $43.32 Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $642 Shares 3,429 Est. Cost $110.75 Unrealized +68.1%

VTI VANGUARD INDEX FDS 0.7%

Value ($000) $4,108 Shares 12,040 Est. Cost $220.41 Unrealized —

WMT WALMART INC 0.1%

Value ($000) $482 Shares 4,217 Est. Cost $54.40 Unrealized +97.1%

IJS ISHARES TR 0.1%

Value ($000) $792 Shares 6,703 Est. Cost $96.67 Unrealized —

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $230 Shares 1,124 Est. Cost $169.51 Unrealized +16.2%

META META PLATFORMS INC 0.1%

Value ($000) $394 Shares 596 Est. Cost $347.60 Unrealized +92.0%

IEMG ISHARES INC 0.1%

Value ($000) $664 Shares 9,454 Est. Cost $48.95 Unrealized —

MINT PIMCO ETF TR 0.5%

Value ($000) $2,732 Shares 27,214 Est. Cost $100.79 Unrealized —

CMS CMS ENERGY CORP 0.0%

Value ($000) $251 Shares 3,568 Est. Cost $52.62 Unrealized +37.8%

IVV ISHARES TR 0.1%

Value ($000) $471 Shares 678 Est. Cost $342.78 Unrealized —

— DNP SELECT INCOME FD INC 0.1%

Value ($000) $306 Shares 31,052 Est. Cost $9.69 Unrealized —

AOA ISHARES TR 0.1%

Value ($000) $328 Shares 3,604 Est. Cost $58.56 Unrealized —

CSX CSX CORP 0.1%

Value ($000) $794 Shares 22,002 Est. Cost $30.63 Unrealized +16.6%

ITOT ISHARES TR 0.1%

Value ($000) $646 Shares 4,270 Est. Cost $110.88 Unrealized —

VUG VANGUARD INDEX FDS 0.0%

Value ($000) $211 Shares 431 Est. Cost $501.84 Unrealized —

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $355 Shares 513 Est. Cost $453.69 Unrealized —

TOTL SSGA ACTIVE ETF TR 0.1%

Value ($000) $315 Shares 7,815 Est. Cost $41.53 Unrealized —

HYG ISHARES TR 0.0%

Value ($000) $257 Shares 3,176 Est. Cost $74.51 Unrealized —

SPIP SPDR SERIES TRUST 0.1%

Value ($000) $284 Shares 10,933 Est. Cost $24.61 Unrealized —

AGG ISHARES TR 0.6%

Value ($000) $3,507 Shares 35,061 Est. Cost $100.18 Unrealized —

JCI JOHNSON CTLS INTL PLC 0.0%

Value ($000) $213 Shares 1,870 Est. Cost $91.75 Unrealized +25.1%

KO COCA COLA CO 0.1%

Value ($000) $301 Shares 4,442 Est. Cost $45.80 Unrealized +51.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPTM	SPDR SERIES TRUST	749,047	$62,808	11.4%	$43.28	—	STATE STREET SPD	78464A805
IQLT	ISHARES TR	216,677	$10,112	1.8%	$35.73	—	MSCI INTL QUALTY	46434V456
PSFF	PACER FDS TR	427,534	$13,895	2.5%	$27.11	—	SWAN SOS FD OF	69374H568
MRK	MERCK & CO INC	3,852	$419	0.1%	$66.75	+39.7%	COM	58933Y105
SEM	SELECT MED HLDGS CORP	35,594	$547	0.1%	$16.25	-13.2%	COM	81619Q105
VEA	VANGUARD TAX-MANAGED FDS	23,084	$1,481	0.3%	$43.32	—	VAN FTSE DEV MKT	921943858
NVDA	NVIDIA CORPORATION	3,429	$642	0.1%	$110.75	+68.1%	COM	67066G104
VTI	VANGUARD INDEX FDS	12,040	$4,108	0.7%	$220.41	—	TOTAL STK MKT	922908769
WMT	WALMART INC	4,217	$482	0.1%	$54.40	+97.1%	COM	931142103
IJS	ISHARES TR	6,703	$792	0.1%	$96.67	—	SP SMCP600VL ETF	464287879
JNJ	JOHNSON & JOHNSON	1,124	$230	0.0%	$169.51	+16.2%	COM	478160104
META	META PLATFORMS INC	596	$394	0.1%	$347.60	+92.0%	CL A	30303M102
IEMG	ISHARES INC	9,454	$664	0.1%	$48.95	—	CORE MSCI EMKT	46434G103
MINT	PIMCO ETF TR	27,214	$2,732	0.5%	$100.79	—	ENHAN SHRT MA AC	72201R833
CMS	CMS ENERGY CORP	3,568	$251	0.0%	$52.62	+37.8%	COM	125896100
IVV	ISHARES TR	678	$471	0.1%	$342.78	—	CORE S&P500 ETF	464287200
—	DNP SELECT INCOME FD INC	31,052	$306	0.1%	$9.69	—	COM	23325P104
AOA	ISHARES TR	3,604	$328	0.1%	$58.56	—	CORE 80/20 AGGRE	464289859
CSX	CSX CORP	22,002	$794	0.1%	$30.63	+16.6%	COM	126408103
ITOT	ISHARES TR	4,270	$646	0.1%	$110.88	—	CORE S&P TTL STK	464287150
VUG	VANGUARD INDEX FDS	431	$211	0.0%	$501.84	—	GROWTH ETF	922908736
SPY	SPDR S&P 500 ETF TR	513	$355	0.1%	$453.69	—	TR UNIT	78462F103
TOTL	SSGA ACTIVE ETF TR	7,815	$315	0.1%	$41.53	—	STATE STREET DOU	78467V848
HYG	ISHARES TR	3,176	$257	0.0%	$74.51	—	IBOXX HI YD ETF	464288513
SPIP	SPDR SERIES TRUST	10,933	$284	0.1%	$24.61	—	STATE STREET SPD	78464A656
AGG	ISHARES TR	35,061	$3,507	0.6%	$100.18	—	CORE US AGGBD ET	464287226
JCI	JOHNSON CTLS INTL PLC	1,870	$213	0.0%	$91.75	+25.1%	SHS	G51502105
KO	COCA COLA CO	4,442	$301	0.1%	$45.80	+51.5%	COM	191216100