PEAK FINANCIAL ADVISORS LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JBND	J P MORGAN EXCHANGE TRADED F	278,276	$15,046	6.8%	$54.07	—	ACTIVE BOND ETF	46654Q716
ADSK	AUTODESK INC	3,467	$1,026	0.5%	$302.56	0.0%	COM	052769106
MSFT	MICROSOFT CORP	1,623	$785	0.4%	$500.58	0.0%	COM	594918104
MPWR	MONOLITHIC PWR SYS INC	789	$715	0.3%	$960.73	0.0%	COM	609839105
LRCX	LAM RESEARCH CORP	3,996	$684	0.3%	$155.36	0.0%	COM NEW	512807306
ANET	ARISTA NETWORKS INC	4,863	$637	0.3%	$137.66	0.0%	COM SHS	040413205
GRMN	GARMIN LTD	3,094	$628	0.3%	$216.69	0.0%	SHS	H2906T109
META	META PLATFORMS INC	927	$612	0.3%	$667.32	0.0%	CL A	30303M102
ALLE	ALLEGION PLC	3,795	$604	0.3%	$166.68	0.0%	ORD SHS	G0176J109
FAST	FASTENAL CO	14,606	$586	0.3%	$42.03	0.0%	COM	311900104
TSCO	TRACTOR SUPPLY CO	11,338	$567	0.3%	$53.71	0.0%	COM	892356106
AZO	AUTOZONE INC	160	$543	0.2%	$3777.86	0.0%	COM	053332102
TMO	THERMO FISHER SCIENTIFIC INC	369	$214	0.1%	$565.16	0.0%	COM	883556102

Increased Positions (37)

MTBA SIMPLIFY EXCHANGE TRADED FUN 8.5%

Value ($000) $18,882 (+25.6%) Shares 374,576 (+25.4%) Est. Cost $50.68 Unrealized —

EMB ISHARES TR 5.1%

Value ($000) $11,417 (+50.1%) Shares 118,583 (+48.4%) Est. Cost $92.03 Unrealized —

CIEN CIENA CORP 1.2%

Value ($000) $2,712 (+418.2%) Shares 11,596 (+222.7%) Est. Cost $165.44 Unrealized +17.3%

MDGL MADRIGAL PHARMACEUTICALS INC 1.2%

Value ($000) $2,601 (+391.4%) Shares 4,466 (+287.0%) Est. Cost $475.18 Unrealized +7.5%

FDX FEDEX CORP 1.2%

Value ($000) $2,638 (+273.8%) Shares 9,134 (+205.2%) Est. Cost $247.55 Unrealized +5.7%

JNJ JOHNSON & JOHNSON 1.1%

Value ($000) $2,475 (+337.5%) Shares 11,957 (+292.0%) Est. Cost $185.30 Unrealized +6.3%

TRGP TARGA RES CORP 1.2%

Value ($000) $2,602 (+253.8%) Shares 14,101 (+221.3%) Est. Cost $167.24 Unrealized +0.5%

MU MICRON TECHNOLOGY INC 1.3%

Value ($000) $2,903 (+172.9%) Shares 10,170 (+60.0%) Est. Cost $149.40 Unrealized +53.5%

DHR DANAHER CORPORATION 1.1%

Value ($000) $2,435 (+264.2%) Shares 10,638 (+215.4%) Est. Cost $211.61 Unrealized +3.8%

SPYM SPDR SERIES TRUST 0.9%

Value ($000) $2,108 (+433.3%) Shares 26,273 (+420.8%) Est. Cost $77.88 Unrealized —

APA APA CORPORATION 1.1%

Value ($000) $2,525 (+191.9%) Shares 103,250 (+189.7%) Est. Cost $21.98 Unrealized +9.8%

CVS CVS HEALTH CORP 1.3%

Value ($000) $2,978 (+116.7%) Shares 37,520 (+105.9%) Est. Cost $71.97 Unrealized +9.3%

SRE SEMPRA 1.1%

Value ($000) $2,344 (+184.7%) Shares 26,552 (+190.1%) Est. Cost $86.84 Unrealized +4.3%

BRX BRIXMOR PPTY GROUP INC 1.0%

Value ($000) $2,243 (+209.2%) Shares 85,552 (+226.4%) Est. Cost $26.31 Unrealized —

TEL TE CONNECTIVITY PLC 1.1%

Value ($000) $2,352 (+171.1%) Shares 10,339 (+161.6%) Est. Cost $205.25 Unrealized +12.7%

WMG WARNER MUSIC GROUP CORP 1.0%

Value ($000) $2,316 (+177.1%) Shares 75,505 (+207.7%) Est. Cost $30.61 Unrealized -1.2%

ESI ELEMENT SOLUTIONS INC 0.9%

Value ($000) $1,994 (+279.7%) Shares 79,797 (+282.4%) Est. Cost $25.62 Unrealized +1.1%

MTH MERITAGE HOMES CORP 1.0%

Value ($000) $2,177 (+204.1%) Shares 33,090 (+234.7%) Est. Cost $68.97 Unrealized +0.4%

CW CURTISS WRIGHT CORP 1.0%

Value ($000) $2,211 (+183.8%) Shares 4,011 (+179.5%) Est. Cost $508.85 Unrealized +9.6%

MTB M & T BK CORP 1.0%

Value ($000) $2,117 (+200.5%) Shares 10,505 (+194.8%) Est. Cost $191.32 Unrealized -0.6%

BSX BOSTON SCIENTIFIC CORP 0.8%

Value ($000) $1,856 (+184.6%) Shares 19,470 (+191.4%) Est. Cost $99.38 Unrealized -1.3%

LPLA LPL FINL HLDGS INC 0.8%

Value ($000) $1,784 (+178.8%) Shares 4,996 (+159.7%) Est. Cost $354.08 Unrealized -0.1%

HUBS HUBSPOT INC 0.7%

Value ($000) $1,637 (+172.4%) Shares 4,080 (+217.5%) Est. Cost $442.22 Unrealized -6.3%

NFLX NETFLIX INC 1.3%

Value ($000) $2,832 (-23.0%) Shares 30,207 (+885.2%) Est. Cost $103.88 Unrealized +3.8%

AMZN AMAZON COM INC 2.2%

Value ($000) $4,836 (+16.4%) Shares 20,952 (+10.8%) Est. Cost $145.65 Unrealized +57.1%

NVDA NVIDIA CORPORATION 0.5%

Value ($000) $1,200 (+113.9%) Shares 6,432 (+114.0%) Est. Cost $157.00 Unrealized +18.6%

FLXR TCW ETF TRUST 11.4%

Value ($000) $25,434 (+2.2%) Shares 642,274 (+2.7%) Est. Cost $39.43 Unrealized —

XLF SELECT SECTOR SPDR TR 0.9%

Value ($000) $1,919 (+34.2%) Shares 35,038 (+32.0%) Est. Cost $49.62 Unrealized —

IGV ISHARES TR 1.5%

Value ($000) $3,430 (-6.7%) Shares 32,457 (+1.5%) Est. Cost $89.92 Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 1.1%

Value ($000) $2,360 (-8.0%) Shares 60,929 (+20.2%) Est. Cost $48.63 Unrealized —

SPAB SPDR SERIES TRUST 0.2%

Value ($000) $431 (+53.9%) Shares 16,720 (+54.5%) Est. Cost $25.68 Unrealized —

— SABA CAPITAL INCOME & OPRNT 0.3%

Value ($000) $594 (+19.9%) Shares 84,683 (+32.9%) Est. Cost $7.44 Unrealized —

VICI VICI PPTYS INC 0.2%

Value ($000) $449 (-12.6%) Shares 15,979 (+1.4%) Est. Cost $25.66 Unrealized +14.2%

AMT AMERICAN TOWER CORP NEW 0.2%

Value ($000) $422 (-7.6%) Shares 2,405 (+1.3%) Est. Cost $177.90 Unrealized +1.3%

STWD STARWOOD PPTY TR INC 0.2%

Value ($000) $452 (-2.7%) Shares 25,105 (+4.7%) Est. Cost $18.98 Unrealized —

MRP MILLROSE PPTYS INC 0.2%

Value ($000) $407 (-1.2%) Shares 13,621 (+11.2%) Est. Cost $28.94 Unrealized —

NSA NATIONAL STORAGE AFFILIATES 0.2%

Value ($000) $404 (+0.7%) Shares 14,323 (+7.9%) Est. Cost $32.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MTBA	SIMPLIFY EXCHANGE TRADED FUN	374,576 (+25.4%)	$18,882 (+25.6%)	8.5%	$50.68	—	MBS ETF	82889N525
EMB	ISHARES TR	118,583 (+48.4%)	$11,417 (+50.1%)	5.1%	$92.03	—	JPMORGAN USD EMG	464288281
CIEN	CIENA CORP	11,596 (+222.7%)	$2,712 (+418.2%)	1.2%	$165.44	+17.3%	COM NEW	171779309
MDGL	MADRIGAL PHARMACEUTICALS INC	4,466 (+287.0%)	$2,601 (+391.4%)	1.2%	$475.18	+7.5%	COM	558868105
FDX	FEDEX CORP	9,134 (+205.2%)	$2,638 (+273.8%)	1.2%	$247.55	+5.7%	COM	31428X106
JNJ	JOHNSON & JOHNSON	11,957 (+292.0%)	$2,475 (+337.5%)	1.1%	$185.30	+6.3%	COM	478160104
TRGP	TARGA RES CORP	14,101 (+221.3%)	$2,602 (+253.8%)	1.2%	$167.24	+0.5%	COM	87612G101
MU	MICRON TECHNOLOGY INC	10,170 (+60.0%)	$2,903 (+172.9%)	1.3%	$149.40	+53.5%	COM	595112103
DHR	DANAHER CORPORATION	10,638 (+215.4%)	$2,435 (+264.2%)	1.1%	$211.61	+3.8%	COM	235851102
SPYM	SPDR SERIES TRUST	26,273 (+420.8%)	$2,108 (+433.3%)	0.9%	$77.88	—	STATE STREET SPD	78464A854
APA	APA CORPORATION	103,250 (+189.7%)	$2,525 (+191.9%)	1.1%	$21.98	+9.8%	COM	03743Q108
CVS	CVS HEALTH CORP	37,520 (+105.9%)	$2,978 (+116.7%)	1.3%	$71.97	+9.3%	COM	126650100
SRE	SEMPRA	26,552 (+190.1%)	$2,344 (+184.7%)	1.1%	$86.84	+4.3%	COM	816851109
BRX	BRIXMOR PPTY GROUP INC	85,552 (+226.4%)	$2,243 (+209.2%)	1.0%	$26.31	—	COM	11120U105
TEL	TE CONNECTIVITY PLC	10,339 (+161.6%)	$2,352 (+171.1%)	1.1%	$205.25	+12.7%	ORD SHS	G87052109
WMG	WARNER MUSIC GROUP CORP	75,505 (+207.7%)	$2,316 (+177.1%)	1.0%	$30.61	-1.2%	COM CL A	934550203
ESI	ELEMENT SOLUTIONS INC	79,797 (+282.4%)	$1,994 (+279.7%)	0.9%	$25.62	+1.1%	COM	28618M106
MTH	MERITAGE HOMES CORP	33,090 (+234.7%)	$2,177 (+204.1%)	1.0%	$68.97	+0.4%	COM	59001A102
CW	CURTISS WRIGHT CORP	4,011 (+179.5%)	$2,211 (+183.8%)	1.0%	$508.85	+9.6%	COM	231561101
MTB	M & T BK CORP	10,505 (+194.8%)	$2,117 (+200.5%)	1.0%	$191.32	-0.6%	COM	55261F104
BSX	BOSTON SCIENTIFIC CORP	19,470 (+191.4%)	$1,856 (+184.6%)	0.8%	$99.38	-1.3%	COM	101137107
LPLA	LPL FINL HLDGS INC	4,996 (+159.7%)	$1,784 (+178.8%)	0.8%	$354.08	-0.1%	COM	50212V100
HUBS	HUBSPOT INC	4,080 (+217.5%)	$1,637 (+172.4%)	0.7%	$442.22	-6.3%	COM	443573100
NFLX	NETFLIX INC	30,207 (+885.2%)	$2,832 (-23.0%)	1.3%	$103.88	+3.8%	COM	64110L106
AMZN	AMAZON COM INC	20,952 (+10.8%)	$4,836 (+16.4%)	2.2%	$145.65	+57.1%	COM	023135106
NVDA	NVIDIA CORPORATION	6,432 (+114.0%)	$1,200 (+113.9%)	0.5%	$157.00	+18.6%	COM	67066G104
FLXR	TCW ETF TRUST	642,274 (+2.7%)	$25,434 (+2.2%)	11.4%	$39.43	—	FLEXIBLE INCOME	29287L700
XLF	SELECT SECTOR SPDR TR	35,038 (+32.0%)	$1,919 (+34.2%)	0.9%	$49.62	—	STATE STREET FIN	81369Y605
IGV	ISHARES TR	32,457 (+1.5%)	$3,430 (-6.7%)	1.5%	$89.92	—	EXPANDED TECH	464287515
BTC	GRAYSCALE BITCOIN MINI TR ET	60,929 (+20.2%)	$2,360 (-8.0%)	1.1%	$48.63	—	SHS NEW	389930207
SPAB	SPDR SERIES TRUST	16,720 (+54.5%)	$431 (+53.9%)	0.2%	$25.68	—	STATE STREET SPD	78464A649
—	SABA CAPITAL INCOME & OPRNT	84,683 (+32.9%)	$594 (+19.9%)	0.3%	$7.44	—	SHS NEW	78518H202
VICI	VICI PPTYS INC	15,979 (+1.4%)	$449 (-12.6%)	0.2%	$25.66	+14.2%	COM	925652109
AMT	AMERICAN TOWER CORP NEW	2,405 (+1.3%)	$422 (-7.6%)	0.2%	$177.90	+1.3%	COM	03027X100
STWD	STARWOOD PPTY TR INC	25,105 (+4.7%)	$452 (-2.7%)	0.2%	$18.98	—	COM	85571B105
MRP	MILLROSE PPTYS INC	13,621 (+11.2%)	$407 (-1.2%)	0.2%	$28.94	—	COM CL A	601137102
NSA	NATIONAL STORAGE AFFILIATES	14,323 (+7.9%)	$404 (+0.7%)	0.2%	$32.91	—	COM SHS BEN IN	637870106

Exited Positions (11)

ANGL VANECK ETF TRUST 3.2%

Value ($000) $7,028 Shares 236,382 Est. Cost $29.15 Unrealized —

ABT ABBOTT LABS 1.1%

Value ($000) $2,555 Shares 19,074 Est. Cost $130.61 Unrealized -2.5%

ROL ROLLINS INC 1.1%

Value ($000) $2,544 Shares 43,316 Est. Cost $56.61 Unrealized +3.6%

CTAS CINTAS CORP 1.1%

Value ($000) $2,434 Shares 11,856 Est. Cost $212.83 Unrealized -11.6%

V VISA INC 1.1%

Value ($000) $2,392 Shares 7,006 Est. Cost $345.14 Unrealized -1.4%

VRSK VERISK ANALYTICS INC 1.0%

Value ($000) $2,195 Shares 8,727 Est. Cost $273.52 Unrealized -17.6%

PAYX PAYCHEX INC 1.0%

Value ($000) $2,153 Shares 16,987 Est. Cost $137.17 Unrealized -15.0%

CPAY CORPAY INC 1.0%

Value ($000) $2,130 Shares 7,393 Est. Cost $326.14 Unrealized -11.0%

CBOE CBOE GLOBAL MKTS INC 0.9%

Value ($000) $2,074 Shares 8,456 Est. Cost $240.25 Unrealized +3.5%

MCK MCKESSON CORP 0.9%

Value ($000) $2,037 Shares 2,637 Est. Cost $703.03 Unrealized +16.0%

VRT VERTIV HOLDINGS CO 0.4%

Value ($000) $870 Shares 5,767 Est. Cost $105.95 Unrealized +63.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ANGL	VANECK ETF TRUST	236,382	$7,028	3.2%	$29.15	—	—	92189F437
ABT	ABBOTT LABS	19,074	$2,555	1.1%	$130.61	-2.5%	—	002824100
ROL	ROLLINS INC	43,316	$2,544	1.1%	$56.61	+3.6%	—	775711104
CTAS	CINTAS CORP	11,856	$2,434	1.1%	$212.83	-11.6%	—	172908105
V	VISA INC	7,006	$2,392	1.1%	$345.14	-1.4%	—	92826C839
VRSK	VERISK ANALYTICS INC	8,727	$2,195	1.0%	$273.52	-17.6%	—	92345Y106
PAYX	PAYCHEX INC	16,987	$2,153	1.0%	$137.17	-15.0%	—	704326107
CPAY	CORPAY INC	7,393	$2,130	1.0%	$326.14	-11.0%	—	219948106
CBOE	CBOE GLOBAL MKTS INC	8,456	$2,074	0.9%	$240.25	+3.5%	—	12503M108
MCK	MCKESSON CORP	2,637	$2,037	0.9%	$703.03	+16.0%	—	58155Q103
VRT	VERTIV HOLDINGS CO	5,767	$870	0.4%	$105.95	+63.8%	—	92537N108

Decreased Positions (26)

COST COSTCO WHSL CORP NEW 1.3%

Value ($000) $2,823 (-48.0%) Shares 3,273 (-44.2%) Est. Cost $684.99 Unrealized +32.2%

ORCL ORACLE CORP 0.3%

Value ($000) $760 (-77.2%) Shares 3,897 (-67.0%) Est. Cost $254.17 Unrealized -6.3%

KLAC KLA CORP 0.3%

Value ($000) $610 (-80.2%) Shares 502 (-82.4%) Est. Cost $930.36 Unrealized +26.0%

FFIV F5 INC 0.3%

Value ($000) $618 (-78.2%) Shares 2,421 (-72.4%) Est. Cost $276.25 Unrealized -2.6%

VRSN VERISIGN INC 0.3%

Value ($000) $579 (-77.0%) Shares 2,385 (-73.5%) Est. Cost $268.94 Unrealized -6.7%

GLDM WORLD GOLD TR 7.7%

Value ($000) $17,141 (-10.1%) Shares 200,788 (-19.5%) Est. Cost $40.70 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 0.3%

Value ($000) $611 (-75.4%) Shares 1,954 (-72.4%) Est. Cost $344.03 Unrealized -5.1%

RSG REPUBLIC SVCS INC 0.3%

Value ($000) $589 (-74.8%) Shares 2,778 (-72.8%) Est. Cost $233.28 Unrealized -8.0%

PM PHILIP MORRIS INTL INC 0.3%

Value ($000) $630 (-73.2%) Shares 3,930 (-72.9%) Est. Cost $165.18 Unrealized -7.0%

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $592 (-74.3%) Shares 2,303 (-70.7%) Est. Cost $297.80 Unrealized -11.1%

WMT WALMART INC 1.1%

Value ($000) $2,499 (-24.0%) Shares 22,434 (-29.7%) Est. Cost $94.97 Unrealized +12.9%

URA GLOBAL X FDS 0.7%

Value ($000) $1,522 (-22.9%) Shares 35,617 (-14.0%) Est. Cost $19.51 Unrealized —

MA MASTERCARD INCORPORATED 1.2%

Value ($000) $2,772 (-13.5%) Shares 4,855 (-13.8%) Est. Cost $570.37 Unrealized -2.0%

CNQ CANADIAN NAT RES LTD 1.4%

Value ($000) $3,167 (+4.3%) Shares 93,550 (-1.5%) Est. Cost $25.10 Unrealized +29.2%

T AT&T INC 0.3%

Value ($000) $594 (-18.0%) Shares 23,897 (-6.8%) Est. Cost $15.90 Unrealized +59.1%

AXP AMERICAN EXPRESS CO 1.6%

Value ($000) $3,530 (+2.9%) Shares 9,543 (-7.6%) Est. Cost $245.13 Unrealized +45.6%

QQQM INVESCO EXCH TRADED FD TR II 0.3%

Value ($000) $623 (-13.6%) Shares 2,465 (-15.6%) Est. Cost $174.46 Unrealized —

MO ALTRIA GROUP INC 0.3%

Value ($000) $567 (-14.5%) Shares 9,830 (-2.1%) Est. Cost $36.93 Unrealized +60.7%

OMF ONEMAIN HLDGS INC 0.3%

Value ($000) $607 (+15.9%) Shares 8,984 (-3.2%) Est. Cost $48.29 Unrealized +25.9%

AAPL APPLE INC 0.6%

Value ($000) $1,242 (+5.0%) Shares 4,568 (-1.7%) Est. Cost $212.13 Unrealized +26.5%

AHR AMERICAN HEALTHCARE REIT INC 0.3%

Value ($000) $596 (+9.3%) Shares 12,670 (-2.4%) Est. Cost $14.74 Unrealized —

ENB ENBRIDGE INC 0.3%

Value ($000) $574 (-6.9%) Shares 11,994 (-1.7%) Est. Cost $30.37 Unrealized +55.1%

MC MOELIS & CO 0.3%

Value ($000) $585 (-6.6%) Shares 8,507 (-3.1%) Est. Cost $43.28 Unrealized +52.0%

GS GOLDMAN SACHS GROUP INC 0.3%

Value ($000) $613 (+7.2%) Shares 697 (-2.9%) Est. Cost $571.74 Unrealized +42.3%

KMI KINDER MORGAN INC DEL 0.3%

Value ($000) $638 (-5.7%) Shares 23,224 (-2.9%) Est. Cost $15.27 Unrealized +76.2%

SPHY SPDR SERIES TRUST 0.2%

Value ($000) $405 (-3.0%) Shares 17,109 (-1.9%) Est. Cost $23.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHSL CORP NEW	3,273 (-44.2%)	$2,823 (-48.0%)	1.3%	$684.99	+32.2%	COM	22160K105
ORCL	ORACLE CORP	3,897 (-67.0%)	$760 (-77.2%)	0.3%	$254.17	-6.3%	COM	68389X105
KLAC	KLA CORP	502 (-82.4%)	$610 (-80.2%)	0.3%	$930.36	+26.0%	COM NEW	482480100
FFIV	F5 INC	2,421 (-72.4%)	$618 (-78.2%)	0.3%	$276.25	-2.6%	COM	315616102
VRSN	VERISIGN INC	2,385 (-73.5%)	$579 (-77.0%)	0.3%	$268.94	-6.7%	COM	92343E102
GLDM	WORLD GOLD TR	200,788 (-19.5%)	$17,141 (-10.1%)	7.7%	$40.70	—	SPDR GLD MINIS	98149E303
CDNS	CADENCE DESIGN SYSTEM INC	1,954 (-72.4%)	$611 (-75.4%)	0.3%	$344.03	-5.1%	COM	127387108
RSG	REPUBLIC SVCS INC	2,778 (-72.8%)	$589 (-74.8%)	0.3%	$233.28	-8.0%	COM	760759100
PM	PHILIP MORRIS INTL INC	3,930 (-72.9%)	$630 (-73.2%)	0.3%	$165.18	-7.0%	COM	718172109
ADP	AUTOMATIC DATA PROCESSING IN	2,303 (-70.7%)	$592 (-74.3%)	0.3%	$297.80	-11.1%	COM	053015103
WMT	WALMART INC	22,434 (-29.7%)	$2,499 (-24.0%)	1.1%	$94.97	+12.9%	COM	931142103
URA	GLOBAL X FDS	35,617 (-14.0%)	$1,522 (-22.9%)	0.7%	$19.51	—	GLOBAL X URANIUM	37954Y871
MA	MASTERCARD INCORPORATED	4,855 (-13.8%)	$2,772 (-13.5%)	1.2%	$570.37	-2.0%	CL A	57636Q104
CNQ	CANADIAN NAT RES LTD	93,550 (-1.5%)	$3,167 (+4.3%)	1.4%	$25.10	+29.2%	COM	136385101
T	AT&T INC	23,897 (-6.8%)	$594 (-18.0%)	0.3%	$15.90	+59.1%	COM	00206R102
AXP	AMERICAN EXPRESS CO	9,543 (-7.6%)	$3,530 (+2.9%)	1.6%	$245.13	+45.6%	COM	025816109
QQQM	INVESCO EXCH TRADED FD TR II	2,465 (-15.6%)	$623 (-13.6%)	0.3%	$174.46	—	NASDAQ 100 ETF	46138G649
MO	ALTRIA GROUP INC	9,830 (-2.1%)	$567 (-14.5%)	0.3%	$36.93	+60.7%	COM	02209S103
OMF	ONEMAIN HLDGS INC	8,984 (-3.2%)	$607 (+15.9%)	0.3%	$48.29	+25.9%	COM	68268W103
AAPL	APPLE INC	4,568 (-1.7%)	$1,242 (+5.0%)	0.6%	$212.13	+26.5%	COM	037833100
AHR	AMERICAN HEALTHCARE REIT INC	12,670 (-2.4%)	$596 (+9.3%)	0.3%	$14.74	—	COM SHS	398182303
ENB	ENBRIDGE INC	11,994 (-1.7%)	$574 (-6.9%)	0.3%	$30.37	+55.1%	COM	29250N105
MC	MOELIS & CO	8,507 (-3.1%)	$585 (-6.6%)	0.3%	$43.28	+52.0%	CL A	60786M105
GS	GOLDMAN SACHS GROUP INC	697 (-2.9%)	$613 (+7.2%)	0.3%	$571.74	+42.3%	COM	38141G104
KMI	KINDER MORGAN INC DEL	23,224 (-2.9%)	$638 (-5.7%)	0.3%	$15.27	+76.2%	COM	49456B101
SPHY	SPDR SERIES TRUST	17,109 (-1.9%)	$405 (-3.0%)	0.2%	$23.28	—	STATE STREET SPD	78468R606

Unchanged Positions (11)

CTA SIMPLIFY EXCHANGE TRADED FUN 7.1%

Value ($000) $15,898 Shares 583,181 Est. Cost $26.33 Unrealized —

INDA ISHARES TR 2.8%

Value ($000) $6,197 Shares 114,654 Est. Cost $44.84 Unrealized —

MOAT VANECK ETF TRUST 0.5%

Value ($000) $1,183 Shares 11,427 Est. Cost $79.36 Unrealized —

NNN NNN REIT INC 0.2%

Value ($000) $453 Shares 11,433 Est. Cost $42.29 Unrealized —

SPMO INVESCO EXCH TRADED FD TR II 2.0%

Value ($000) $4,412 Shares 36,980 Est. Cost $113.06 Unrealized —

DUK DUKE ENERGY CORP NEW 0.2%

Value ($000) $471 Shares 4,021 Est. Cost $115.61 Unrealized +5.2%

STAG STAG INDL INC 0.2%

Value ($000) $490 Shares 13,329 Est. Cost $36.25 Unrealized —

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $224 Shares 695 Est. Cost $252.67 Unrealized +22.5%

SOTK SONO TEK CORP 0.0%

Value ($000) $60 Shares 14,521 Est. Cost $4.20 Unrealized -0.6%

IWF ISHARES TR 0.2%

Value ($000) $381 Shares 804 Est. Cost $244.44 Unrealized —

HEI/A HEICO CORP NEW 0.1%

Value ($000) $230 Shares 912 Est. Cost $218.68 Unrealized +12.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CTA	SIMPLIFY EXCHANGE TRADED FUN	583,181	$15,898	7.1%	$26.33	—	MANAGED FUTURES	82889N699
INDA	ISHARES TR	114,654	$6,197	2.8%	$44.84	—	MSCI INDIA ETF	46429B598
MOAT	VANECK ETF TRUST	11,427	$1,183	0.5%	$79.36	—	MRNGSTR WDE MOAT	92189F643
NNN	NNN REIT INC	11,433	$453	0.2%	$42.29	—	COM	637417106
SPMO	INVESCO EXCH TRADED FD TR II	36,980	$4,412	2.0%	$113.06	—	S&P 500 MOMNTM	46138E339
DUK	DUKE ENERGY CORP NEW	4,021	$471	0.2%	$115.61	+5.2%	COM NEW	26441C204
STAG	STAG INDL INC	13,329	$490	0.2%	$36.25	—	COM	85254J102
JPM	JPMORGAN CHASE & CO.	695	$224	0.1%	$252.67	+22.5%	COM	46625H100
SOTK	SONO TEK CORP	14,521	$60	0.0%	$4.20	-0.6%	COM	835483108
IWF	ISHARES TR	804	$381	0.2%	$244.44	—	RUS 1000 GRW ETF	464287614
HEI/A	HEICO CORP NEW	912	$230	0.1%	$218.68	+12.9%	CL A	422806208