Verde Capital Management Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MOAT	VANECK ETF TRUST	626,318 (+3.0%)	$64,862 (+7.7%)	13.8%	$65.03	—	MRNGSTR WDE MOAT	92189F643
FNDF	SCHWAB STRATEGIC TR	981,015 (+4.3%)	$44,352 (+9.7%)	9.5%	$32.37	—	FUNDAMENTAL INTL	808524755
HEFA	ISHARES TR	774,533 (+7.7%)	$32,035 (+12.5%)	6.8%	$34.09	—	HDG MSCI EAFE	46434V803
GOOG	ALPHABET INC	27,270 (+1.3%)	$8,557 (+30.5%)	1.8%	$145.77	+96.4%	CAP STK CL C	02079K107
IJH	ISHARES TR	491,212 (+3.9%)	$32,420 (+5.1%)	6.9%	$93.19	—	CORE S&P MCP ETF	464287507
QQQM	INVESCO EXCH TRADED FD TR II	154,340 (+1.3%)	$39,036 (+3.7%)	8.3%	$142.76	—	NASDAQ 100 ETF	46138G649
NVDA	NVIDIA CORPORATION	56,201 (+13.5%)	$10,481 (+13.5%)	2.2%	$106.18	+75.3%	COM	67066G104
IBIT	ISHARES BITCOIN TRUST ETF	198,103 (+20.9%)	$9,836 (-7.6%)	2.1%	$36.94	—	SHS BEN INT	46438F101
AZO	AUTOZONE INC	988 (+1.9%)	$3,350 (-19.5%)	0.7%	$3241.71	+16.5%	COM	053332102
AMZN	AMAZON COM INC	21,219 (+9.9%)	$4,898 (+15.5%)	1.0%	$150.52	+52.0%	COM	023135106
CRM	SALESFORCE INC	13,848 (+7.8%)	$3,668 (+20.5%)	0.8%	$223.27	+11.2%	COM	79466L302
PLTR	PALANTIR TECHNOLOGIES INC	26,857 (+15.9%)	$4,774 (+13.0%)	1.0%	$164.67	+9.9%	CL A	69608A108
NFLX	NETFLIX INC	43,618 (+1036.8%)	$4,090 (-11.1%)	0.9%	$101.74	+6.0%	COM	64110L106
SPOT	SPOTIFY TECHNOLOGY S A	5,137 (+3.0%)	$2,983 (-14.3%)	0.6%	$158.08	+295.5%	SHS	L8681T102
BIV	VANGUARD BD INDEX FDS	140,471 (+5.0%)	$10,940 (+4.7%)	2.3%	$85.01	—	INTERMED TERM	921937819
TSLA	TESLA INC	23,317 (+2.2%)	$10,486 (+3.4%)	2.2%	$220.11	+101.4%	COM	88160R101
HOOD	ROBINHOOD MKTS INC	4,859 (+151.2%)	$550 (+98.5%)	0.1%	$121.69	+6.9%	COM CL A	770700102
SPY	SPDR S&P 500 ETF TR	963 (+55.6%)	$657 (+59.2%)	0.1%	$624.01	—	TR UNIT	78462F103
COST	COSTCO WHSL CORP NEW	3,126 (+15.6%)	$2,696 (+7.8%)	0.6%	$938.42	-3.5%	COM	22160K105
SCHP	SCHWAB STRATEGIC TR	189,018 (+5.8%)	$5,007 (+4.0%)	1.1%	$37.78	—	US TIPS ETF	808524870
MSFT	MICROSOFT CORP	7,444 (+12.6%)	$3,600 (+5.2%)	0.8%	$454.09	+10.2%	COM	594918104
CMG	CHIPOTLE MEXICAN GRILL INC	58,912 (+15.2%)	$2,180 (+8.8%)	0.5%	$52.87	-31.6%	COM	169656105
SPIP	SPDR SERIES TRUST	120,824 (+6.7%)	$3,135 (+5.2%)	0.7%	$27.08	—	STATE STREET SPD	78464A656
GILD	GILEAD SCIENCES INC	10,136 (+2.5%)	$1,244 (+13.3%)	0.3%	$112.49	+7.5%	COM	375558103
PANW	PALO ALTO NETWORKS INC	17,289 (+15.1%)	$3,185 (+4.1%)	0.7%	$192.78	+4.7%	COM	697435105
ORCL	ORACLE CORP	1,661 (+4.8%)	$324 (-27.4%)	0.1%	$181.81	+30.9%	COM	68389X105
ETH	GRAYSCALE ETHEREUM MINI TR E	99,292 (+45.8%)	$2,786 (+4.4%)	0.6%	$22.63	—	SHS NEW	38964R203
VNQI	VANGUARD INTL EQUITY INDEX F	32,520 (+9.3%)	$1,491 (+5.0%)	0.3%	$44.75	—	GLB EX US ETF	922042676
BSV	VANGUARD BD INDEX FDS	3,728 (+30.9%)	$294 (+30.7%)	0.1%	$78.89	—	SHORT TRM BOND	921937827
V	VISA INC	4,332 (+1.7%)	$1,519 (+4.5%)	0.3%	$284.65	+19.6%	COM CL A	92826C839
VOO	VANGUARD INDEX FDS	806 (+11.5%)	$506 (+14.2%)	0.1%	$545.34	—	S&P 500 ETF SHS	922908363
PGR	PROGRESSIVE CORP	18,502 (+10.1%)	$4,213 (+1.5%)	0.9%	$233.76	-9.2%	COM	743315103
VNQ	VANGUARD INDEX FDS	16,222 (+7.9%)	$1,435 (+4.4%)	0.3%	$84.97	—	REAL ESTATE ETF	922908553
JNJ	JOHNSON & JOHNSON	1,256 (+13.6%)	$260 (+26.8%)	0.1%	$172.79	+14.0%	COM	478160104
GME	GAMESTOP CORP NEW	12,383 (+22.3%)	$249 (-10.0%)	0.1%	$23.48	-4.4%	CL A	36467W109
APH	AMPHENOL CORP NEW	1,654 (+1.8%)	$223 (+11.2%)	0.0%	$109.84	+21.6%	CL A	032095101
HYEM	VANECK ETF TRUST	63,303 (+2.3%)	$1,259 (+1.5%)	0.3%	$22.13	—	EMERGING MRKT HI	92189F353
META	META PLATFORMS INC	501 (+6.4%)	$331 (-4.3%)	0.1%	$639.36	+4.4%	CL A	30303M102
INTU	INTUIT	1,838 (+2.1%)	$1,218 (-1.0%)	0.3%	$629.85	+4.9%	COM	461202103
MCD	MCDONALDS CORP	1,704 (+1.0%)	$521 (+1.6%)	0.1%	$290.67	+5.0%	COM	580135101
TQQQ	PROSHARES TR	5,275 (+99.8%)	$278 (+1.9%)	0.1%	$68.06	—	ULTRAPRO QQQ	74347X831
IMCG	ISHARES TR	69,854 (+3.6%)	$5,577 (+0.0%)	1.2%	$68.97	—	MRGSTR MD CP GRW	464288307

Exited Positions (1)

CBSH COMMERCE BANCSHARES INC 0.0%

Value ($000) $216 Shares 3,621 Est. Cost $54.40 Unrealized -4.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBSH	COMMERCE BANCSHARES INC	3,621	$216	0.0%	$54.40	-4.2%	—	200525103

Decreased Positions (13)

GBTC GRAYSCALE BITCOIN TRUST ETF 0.7%

Value ($000) $3,508 (-24.9%) Shares 51,322 (-1.3%) Est. Cost $53.24 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 1.3%

Value ($000) $6,195 (-6.7%) Shares 73,972 (-6.3%) Est. Cost $80.26 Unrealized —

AMT AMERICAN TOWER CORP NEW 0.4%

Value ($000) $1,816 (-10.8%) Shares 10,344 (-2.3%) Est. Cost $198.03 Unrealized -9.0%

CTAS CINTAS CORP 0.3%

Value ($000) $1,533 (-9.9%) Shares 8,149 (-1.6%) Est. Cost $201.58 Unrealized -6.7%

GOOGL ALPHABET INC 0.2%

Value ($000) $803 (+24.7%) Shares 2,567 (-3.2%) Est. Cost $183.40 Unrealized +55.7%

PLD PROLOGIS INC. 0.5%

Value ($000) $2,464 (+6.6%) Shares 19,303 (-4.4%) Est. Cost $99.44 Unrealized +24.6%

QQQ INVESCO QQQ TR 1.8%

Value ($000) $8,562 (-1.4%) Shares 13,938 (-3.6%) Est. Cost $231.82 Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 0.1%

Value ($000) $295 (-26.7%) Shares 7,606 (-4.1%) Est. Cost $36.49 Unrealized —

IJR ISHARES TR 1.0%

Value ($000) $4,803 (-1.4%) Shares 39,968 (-2.6%) Est. Cost $83.97 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 0.2%

Value ($000) $819 (-6.9%) Shares 16,957 (-4.7%) Est. Cost $50.00 Unrealized —

AMAT APPLIED MATLS INC 0.1%

Value ($000) $378 (+14.5%) Shares 1,472 (-8.7%) Est. Cost $171.28 Unrealized +39.8%

WELL WELLTOWER INC 0.6%

Value ($000) $2,923 (-1.1%) Shares 15,748 (-5.0%) Est. Cost $91.75 Unrealized +103.3%

XMMO INVESCO EXCHANGE TRADED FD T 0.4%

Value ($000) $2,049 (+0.4%) Shares 14,795 (-1.9%) Est. Cost $70.21 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GBTC	GRAYSCALE BITCOIN TRUST ETF	51,322 (-1.3%)	$3,508 (-24.9%)	0.7%	$53.24	—	SHS REP COM UT	389637109
VCIT	VANGUARD SCOTTSDALE FDS	73,972 (-6.3%)	$6,195 (-6.7%)	1.3%	$80.26	—	INT-TERM CORP	92206C870
AMT	AMERICAN TOWER CORP NEW	10,344 (-2.3%)	$1,816 (-10.8%)	0.4%	$198.03	-9.0%	COM	03027X100
CTAS	CINTAS CORP	8,149 (-1.6%)	$1,533 (-9.9%)	0.3%	$201.58	-6.7%	COM	172908105
GOOGL	ALPHABET INC	2,567 (-3.2%)	$803 (+24.7%)	0.2%	$183.40	+55.7%	CAP STK CL A	02079K305
PLD	PROLOGIS INC.	19,303 (-4.4%)	$2,464 (+6.6%)	0.5%	$99.44	+24.6%	COM	74340W103
QQQ	INVESCO QQQ TR	13,938 (-3.6%)	$8,562 (-1.4%)	1.8%	$231.82	—	UNIT SER 1	46090E103
BTC	GRAYSCALE BITCOIN MINI TR ET	7,606 (-4.1%)	$295 (-26.7%)	0.1%	$36.49	—	SHS NEW	389930207
IJR	ISHARES TR	39,968 (-2.6%)	$4,803 (-1.4%)	1.0%	$83.97	—	CORE S&P SCP ETF	464287804
BNDX	VANGUARD CHARLOTTE FDS	16,957 (-4.7%)	$819 (-6.9%)	0.2%	$50.00	—	TOTAL INT BD ETF	92203J407
AMAT	APPLIED MATLS INC	1,472 (-8.7%)	$378 (+14.5%)	0.1%	$171.28	+39.8%	COM	038222105
WELL	WELLTOWER INC	15,748 (-5.0%)	$2,923 (-1.1%)	0.6%	$91.75	+103.3%	COM	95040Q104
XMMO	INVESCO EXCHANGE TRADED FD T	14,795 (-1.9%)	$2,049 (+0.4%)	0.4%	$70.21	—	S&P MDCP MOMNTUM	46137V464

Unchanged Positions (12)

ETHE GRAYSCALE ETHEREUM TRUST ETF 0.8%

Value ($000) $3,846 Shares 157,819 Est. Cost $15.22 Unrealized —

ESGV VANGUARD WORLD FD 15.7%

Value ($000) $73,593 Shares 608,409 Est. Cost $79.47 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 0.7%

Value ($000) $3,338 Shares 36,593 Est. Cost $90.44 Unrealized +8.0%

ILTB ISHARES TR 1.9%

Value ($000) $9,070 Shares 182,491 Est. Cost $58.19 Unrealized —

AAPL APPLE INC 0.5%

Value ($000) $2,227 Shares 8,190 Est. Cost $200.46 Unrealized +33.9%

TJX TJX COS INC NEW 0.3%

Value ($000) $1,539 Shares 10,022 Est. Cost $116.99 Unrealized +26.2%

EQIX EQUINIX INC 0.5%

Value ($000) $2,291 Shares 2,990 Est. Cost $755.11 Unrealized +3.5%

VWOB VANGUARD WHITEHALL FDS 0.8%

Value ($000) $3,817 Shares 56,609 Est. Cost $73.10 Unrealized —

EW EDWARDS LIFESCIENCES CORP 0.0%

Value ($000) $233 Shares 2,730 Est. Cost $74.58 Unrealized +10.0%

SYK STRYKER CORPORATION 0.1%

Value ($000) $401 Shares 1,142 Est. Cost $341.62 Unrealized +6.4%

IVV ISHARES TR 0.1%

Value ($000) $405 Shares 591 Est. Cost $483.72 Unrealized —

VUG VANGUARD INDEX FDS 0.1%

Value ($000) $483 Shares 991 Est. Cost $414.67 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETHE	GRAYSCALE ETHEREUM TRUST ETF	157,819	$3,846	0.8%	$15.22	—	SHS	389638107
ESGV	VANGUARD WORLD FD	608,409	$73,593	15.7%	$79.47	—	ESG US STK ETF	921910733
ORLY	OREILLY AUTOMOTIVE INC	36,593	$3,338	0.7%	$90.44	+8.0%	COM	67103H107
ILTB	ISHARES TR	182,491	$9,070	1.9%	$58.19	—	CORE LT USDB ETF	464289479
AAPL	APPLE INC	8,190	$2,227	0.5%	$200.46	+33.9%	COM	037833100
TJX	TJX COS INC NEW	10,022	$1,539	0.3%	$116.99	+26.2%	COM	872540109
EQIX	EQUINIX INC	2,990	$2,291	0.5%	$755.11	+3.5%	COM	29444U700
VWOB	VANGUARD WHITEHALL FDS	56,609	$3,817	0.8%	$73.10	—	EM MK GOV BD ETF	921946885
EW	EDWARDS LIFESCIENCES CORP	2,730	$233	0.0%	$74.58	+10.0%	COM	28176E108
SYK	STRYKER CORPORATION	1,142	$401	0.1%	$341.62	+6.4%	COM	863667101
IVV	ISHARES TR	591	$405	0.1%	$483.72	—	CORE S&P500 ETF	464287200
VUG	VANGUARD INDEX FDS	991	$483	0.1%	$414.67	—	GROWTH ETF	922908736