HERBST GROUP, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IYT	ISHARES TR	37,375	$2,785	1.6%	$74.51	—	US TRSPRTION	464287192
XLB	SELECT SECTOR SPDR TR	55,784	$2,530	1.5%	$45.35	—	STATE STREET MAT	81369Y100
GEHC	GE HEALTHCARE TECHNOLOGIES I	27,750	$2,276	1.3%	$77.91	0.0%	COMMON STOCK	36266G107
MLPA	GLOBAL X FDS	45,600	$2,207	1.3%	$48.41	—	GLBL X MLP ETF	37954Y343
LLY	ELI LILLY & CO	1,925	$2,069	1.2%	$955.55	0.0%	COM	532457108
GLW	CORNING INC	19,850	$1,738	1.0%	$85.98	0.0%	COM	219350105
LION	LIONSGATE STUDIOS CORP	180,600	$1,649	1.0%	$7.11	0.0%	COM	53626N102
FDX	FEDEX CORP	5,100	$1,473	0.9%	$261.56	0.0%	COM	31428X106
BAM	BROOKFIELD ASSET MANAGMT LTD	27,225	$1,426	0.8%	$53.47	0.0%	CL A LMT VTG SHS	113004105
UNH	UNITEDHEALTH GROUP INC	4,300	$1,419	0.8%	$337.21	0.0%	COM	91324P102
IFRA	ISHARES TR	22,142	$1,165	0.7%	$52.62	—	US INFRASTRUC	46435U713
NEAR	ISHARES U S ETF TR	19,898	$1,017	0.6%	$51.10	—	SHORT DURATION B	46431W507
FYEE	FIDELITY GREENWOOD STREET TR	32,705	$938	0.6%	$28.68	—	YIELD ENHANCED E	31624J729
WTAI	WISDOMTREE TR	22,148	$645	0.4%	$29.14	—	ARTIFICIAL INTEL	97717Y543
KTOS	KRATOS DEFENSE & SEC SOLUTIO	6,100	$463	0.3%	$81.87	0.0%	COM NEW	50077B207
MDB	MONGODB INC	600	$252	0.1%	$363.83	0.0%	CL A	60937P106
IWM	ISHARES TR	1,000	$246	0.1%	$246.16	—	RUSSELL 2000 ETF	464287655
GPIX	GOLDMAN SACHS ETF TR	4,400	$232	0.1%	$52.80	—	S&P 500 PREMIUM	38149W622
BAI	BLACKROCK ETF TRUST	6,035	$201	0.1%	$33.30	—	ISHARES A I INNO	09290C780

Increased Positions (21)

IBM INTERNATIONAL BUSINESS MACHS 2.0%

Value ($000) $3,316 (+118.9%) Shares 11,195 (+108.5%) Est. Cost $278.73 Unrealized +7.2%

GLD SPDR GOLD TR 2.3%

Value ($000) $3,888 (+38.1%) Shares 9,810 (+23.9%) Est. Cost $311.92 Unrealized —

XLV SELECT SECTOR SPDR TR 3.1%

Value ($000) $5,327 (+24.8%) Shares 34,414 (+12.2%) Est. Cost $140.72 Unrealized —

QQQ INVESCO QQQ TR 5.4%

Value ($000) $9,219 (+9.9%) Shares 15,007 (+7.4%) Est. Cost $422.49 Unrealized —

SPY SPDR S&P 500 ETF TR 4.7%

Value ($000) $8,038 (+9.5%) Shares 11,788 (+7.0%) Est. Cost $507.67 Unrealized —

XLC SELECT SECTOR SPDR TR 1.9%

Value ($000) $3,289 (+25.2%) Shares 27,943 (+25.9%) Est. Cost $83.69 Unrealized —

ARTY ISHARES TR 0.4%

Value ($000) $702 (+155.5%) Shares 14,564 (+142.7%) Est. Cost $45.55 Unrealized —

AAPL APPLE INC 3.2%

Value ($000) $5,471 (+7.9%) Shares 20,125 (+1.0%) Est. Cost $156.61 Unrealized +71.3%

FLDR FIDELITY MERRIMACK STR TR 1.4%

Value ($000) $2,391 (+19.8%) Shares 47,600 (+19.7%) Est. Cost $50.20 Unrealized —

ITA ISHARES TR 2.3%

Value ($000) $3,985 (+9.4%) Shares 18,561 (+6.6%) Est. Cost $117.59 Unrealized —

BA BOEING CO 0.8%

Value ($000) $1,379 (+30.4%) Shares 6,350 (+29.6%) Est. Cost $220.95 Unrealized -6.9%

XLP SELECT SECTOR SPDR TR 0.5%

Value ($000) $787 (+65.3%) Shares 10,129 (+66.8%) Est. Cost $78.10 Unrealized —

XLF SELECT SECTOR SPDR TR 2.5%

Value ($000) $4,238 (+3.4%) Shares 77,385 (+1.7%) Est. Cost $48.96 Unrealized —

XBI SPDR SERIES TRUST 0.4%

Value ($000) $610 (+28.8%) Shares 5,000 (+5.8%) Est. Cost $81.55 Unrealized —

XLK SELECT SECTOR SPDR TR 2.1%

Value ($000) $3,484 (+3.7%) Shares 24,201 (+103.0%) Est. Cost $160.05 Unrealized —

XLE SELECT SECTOR SPDR TR 2.2%

Value ($000) $3,769 (+2.7%) Shares 84,303 (+105.3%) Est. Cost $52.88 Unrealized —

VOO VANGUARD INDEX FDS 0.9%

Value ($000) $1,570 (+5.4%) Shares 2,503 (+2.9%) Est. Cost $451.63 Unrealized —

XLI SELECT SECTOR SPDR TR 0.6%

Value ($000) $1,046 (+6.1%) Shares 6,743 (+5.5%) Est. Cost $121.89 Unrealized —

NUKZ EXCHANGE TRADED CONCEPTS TRU 2.0%

Value ($000) $3,334 (+0.8%) Shares 52,501 (+3.2%) Est. Cost $42.61 Unrealized —

FELC FIDELITY COVINGTON TRUST 0.2%

Value ($000) $323 (+5.7%) Shares 8,456 (+3.2%) Est. Cost $34.93 Unrealized —

DTCR GLOBAL X FDS 0.2%

Value ($000) $258 (+4.9%) Shares 12,221 (+1.8%) Est. Cost $16.87 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBM	INTERNATIONAL BUSINESS MACHS	11,195 (+108.5%)	$3,316 (+118.9%)	2.0%	$278.73	+7.2%	COM	459200101
GLD	SPDR GOLD TR	9,810 (+23.9%)	$3,888 (+38.1%)	2.3%	$311.92	—	GOLD SHS	78463V107
XLV	SELECT SECTOR SPDR TR	34,414 (+12.2%)	$5,327 (+24.8%)	3.1%	$140.72	—	STATE STREET HEA	81369Y209
QQQ	INVESCO QQQ TR	15,007 (+7.4%)	$9,219 (+9.9%)	5.4%	$422.49	—	UNIT SER 1	46090E103
SPY	SPDR S&P 500 ETF TR	11,788 (+7.0%)	$8,038 (+9.5%)	4.7%	$507.67	—	TR UNIT	78462F103
XLC	SELECT SECTOR SPDR TR	27,943 (+25.9%)	$3,289 (+25.2%)	1.9%	$83.69	—	STATE STREET COM	81369Y852
ARTY	ISHARES TR	14,564 (+142.7%)	$702 (+155.5%)	0.4%	$45.55	—	FUTURE AI & TECH	46435U556
AAPL	APPLE INC	20,125 (+1.0%)	$5,471 (+7.9%)	3.2%	$156.61	+71.3%	COM	037833100
FLDR	FIDELITY MERRIMACK STR TR	47,600 (+19.7%)	$2,391 (+19.8%)	1.4%	$50.20	—	LOW DURTIN ETF	316188408
ITA	ISHARES TR	18,561 (+6.6%)	$3,985 (+9.4%)	2.3%	$117.59	—	US AER DEF ETF	464288760
BA	BOEING CO	6,350 (+29.6%)	$1,379 (+30.4%)	0.8%	$220.95	-6.9%	COM	097023105
XLP	SELECT SECTOR SPDR TR	10,129 (+66.8%)	$787 (+65.3%)	0.5%	$78.10	—	STATE STREET CON	81369Y308
XLF	SELECT SECTOR SPDR TR	77,385 (+1.7%)	$4,238 (+3.4%)	2.5%	$48.96	—	STATE STREET FIN	81369Y605
XBI	SPDR SERIES TRUST	5,000 (+5.8%)	$610 (+28.8%)	0.4%	$81.55	—	STATE STREET SPD	78464A870
XLK	SELECT SECTOR SPDR TR	24,201 (+103.0%)	$3,484 (+3.7%)	2.1%	$160.05	—	STATE STREET TEC	81369Y803
XLE	SELECT SECTOR SPDR TR	84,303 (+105.3%)	$3,769 (+2.7%)	2.2%	$52.88	—	STATE STREET ENE	81369Y506
VOO	VANGUARD INDEX FDS	2,503 (+2.9%)	$1,570 (+5.4%)	0.9%	$451.63	—	S&P 500 ETF SHS	922908363
XLI	SELECT SECTOR SPDR TR	6,743 (+5.5%)	$1,046 (+6.1%)	0.6%	$121.89	—	STATE STREET IND	81369Y704
NUKZ	EXCHANGE TRADED CONCEPTS TRU	52,501 (+3.2%)	$3,334 (+0.8%)	2.0%	$42.61	—	RANGE NUCLEAR RE	301505475
FELC	FIDELITY COVINGTON TRUST	8,456 (+3.2%)	$323 (+5.7%)	0.2%	$34.93	—	ENHANCED LARGE	316092113
DTCR	GLOBAL X FDS	12,221 (+1.8%)	$258 (+4.9%)	0.2%	$16.87	—	DATA CTR & DIGIT	37954Y236

Exited Positions (8)

CRWV COREWEAVE INC 2.2%

Value ($000) $3,677 Shares 26,870 Est. Cost $118.31 Unrealized -14.3%

OKE ONEOK INC NEW 1.5%

Value ($000) $2,558 Shares 35,055 Est. Cost $50.38 Unrealized +39.9%

VTWO VANGUARD SCOTTSDALE FDS 1.4%

Value ($000) $2,340 Shares 23,921 Est. Cost $81.10 Unrealized —

HON HONEYWELL INTL INC 1.0%

Value ($000) $1,768 Shares 8,400 Est. Cost $198.50 Unrealized -1.7%

EUAD SPINNAKER ETF SERIES 1.0%

Value ($000) $1,720 Shares 36,609 Est. Cost $43.15 Unrealized —

SRVR PACER FDS TR 0.8%

Value ($000) $1,308 Shares 41,300 Est. Cost $29.45 Unrealized —

ENB ENBRIDGE INC 0.4%

Value ($000) $681 Shares 13,500 Est. Cost $33.40 Unrealized +41.1%

CIBR FIRST TR EXCHANGE TRADED FD 0.2%

Value ($000) $357 Shares 4,700 Est. Cost $75.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRWV	COREWEAVE INC	26,870	$3,677	2.2%	$118.31	-14.3%	—	21873S108
OKE	ONEOK INC NEW	35,055	$2,558	1.5%	$50.38	+39.9%	—	682680103
VTWO	VANGUARD SCOTTSDALE FDS	23,921	$2,340	1.4%	$81.10	—	—	92206C664
HON	HONEYWELL INTL INC	8,400	$1,768	1.0%	$198.50	-1.7%	—	438516106
EUAD	SPINNAKER ETF SERIES	36,609	$1,720	1.0%	$43.15	—	—	84858T772
SRVR	PACER FDS TR	41,300	$1,308	0.8%	$29.45	—	—	69374H741
ENB	ENBRIDGE INC	13,500	$681	0.4%	$33.40	+41.1%	—	29250N105
CIBR	FIRST TR EXCHANGE TRADED FD	4,700	$357	0.2%	$75.59	—	—	33734X846

Decreased Positions (15)

JEPI J P MORGAN EXCHANGE TRADED F 1.2%

Value ($000) $2,018 (-56.5%) Shares 35,251 (-56.6%) Est. Cost $55.58 Unrealized —

GEV GE VERNOVA INC 2.7%

Value ($000) $4,510 (-32.2%) Shares 6,900 (-36.2%) Est. Cost $330.48 Unrealized +84.3%

AMLP ALPS ETF TR 1.5%

Value ($000) $2,629 (-39.2%) Shares 55,920 (-39.3%) Est. Cost $33.77 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value ($000) $313 (-82.7%) Shares 2,600 (-83.8%) Est. Cost $57.85 Unrealized +99.6%

UBER UBER TECHNOLOGIES INC 1.3%

Value ($000) $2,178 (-35.8%) Shares 26,650 (-23.0%) Est. Cost $79.42 Unrealized +13.4%

CEG CONSTELLATION ENERGY CORP 1.3%

Value ($000) $2,226 (-28.2%) Shares 6,300 (-33.1%) Est. Cost $266.27 Unrealized +36.4%

SHLD GLOBAL X FDS 1.7%

Value ($000) $2,874 (-20.3%) Shares 44,362 (-13.6%) Est. Cost $47.26 Unrealized —

MSFT MICROSOFT CORP 3.6%

Value ($000) $6,040 (-7.8%) Shares 12,490 (-1.3%) Est. Cost $298.67 Unrealized +67.6%

WMB WILLIAMS COS INC 0.9%

Value ($000) $1,539 (-21.8%) Shares 25,600 (-17.6%) Est. Cost $22.96 Unrealized +161.6%

GD GENERAL DYNAMICS CORP 1.8%

Value ($000) $2,996 (-8.5%) Shares 8,900 (-7.3%) Est. Cost $192.15 Unrealized +77.4%

LHX L3HARRIS TECHNOLOGIES INC 2.1%

Value ($000) $3,630 (-5.7%) Shares 12,365 (-1.9%) Est. Cost $227.05 Unrealized +27.0%

CRM SALESFORCE INC 1.3%

Value ($000) $2,253 (+10.3%) Shares 8,506 (-1.3%) Est. Cost $244.60 Unrealized +1.5%

RTX RTX CORPORATION 3.5%

Value ($000) $5,870 (+3.6%) Shares 32,008 (-5.4%) Est. Cost $94.61 Unrealized +83.2%

CRWD CROWDSTRIKE HLDGS INC 1.4%

Value ($000) $2,431 (-6.7%) Shares 5,185 (-2.4%) Est. Cost $387.20 Unrealized +31.5%

GE GE AEROSPACE 3.8%

Value ($000) $6,378 (+0.9%) Shares 20,707 (-1.4%) Est. Cost $173.06 Unrealized +73.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEPI	J P MORGAN EXCHANGE TRADED F	35,251 (-56.6%)	$2,018 (-56.5%)	1.2%	$55.58	—	EQUITY PREMIUM	46641Q332
GEV	GE VERNOVA INC	6,900 (-36.2%)	$4,510 (-32.2%)	2.7%	$330.48	+84.3%	COM	36828A101
AMLP	ALPS ETF TR	55,920 (-39.3%)	$2,629 (-39.2%)	1.5%	$33.77	—	ALERIAN MLP	00162Q452
XOM	EXXON MOBIL CORP	2,600 (-83.8%)	$313 (-82.7%)	0.2%	$57.85	+99.6%	COM	30231G102
UBER	UBER TECHNOLOGIES INC	26,650 (-23.0%)	$2,178 (-35.8%)	1.3%	$79.42	+13.4%	COM	90353T100
CEG	CONSTELLATION ENERGY CORP	6,300 (-33.1%)	$2,226 (-28.2%)	1.3%	$266.27	+36.4%	COM	21037T109
SHLD	GLOBAL X FDS	44,362 (-13.6%)	$2,874 (-20.3%)	1.7%	$47.26	—	DEFENSE TECH ETF	37960A529
MSFT	MICROSOFT CORP	12,490 (-1.3%)	$6,040 (-7.8%)	3.6%	$298.67	+67.6%	COM	594918104
WMB	WILLIAMS COS INC	25,600 (-17.6%)	$1,539 (-21.8%)	0.9%	$22.96	+161.6%	COM	969457100
GD	GENERAL DYNAMICS CORP	8,900 (-7.3%)	$2,996 (-8.5%)	1.8%	$192.15	+77.4%	COM	369550108
LHX	L3HARRIS TECHNOLOGIES INC	12,365 (-1.9%)	$3,630 (-5.7%)	2.1%	$227.05	+27.0%	COM	502431109
CRM	SALESFORCE INC	8,506 (-1.3%)	$2,253 (+10.3%)	1.3%	$244.60	+1.5%	COM	79466L302
RTX	RTX CORPORATION	32,008 (-5.4%)	$5,870 (+3.6%)	3.5%	$94.61	+83.2%	COM	75513E101
CRWD	CROWDSTRIKE HLDGS INC	5,185 (-2.4%)	$2,431 (-6.7%)	1.4%	$387.20	+31.5%	CL A	22788C105
GE	GE AEROSPACE	20,707 (-1.4%)	$6,378 (+0.9%)	3.8%	$173.06	+73.8%	COM NEW	369604301

Unchanged Positions (7)

GOOGL ALPHABET INC 4.4%

Value ($000) $7,446 Shares 23,789 Est. Cost $111.49 Unrealized +156.2%

XME SPDR SERIES TRUST 3.7%

Value ($000) $6,341 Shares 61,201 Est. Cost $53.75 Unrealized —

META META PLATFORMS INC 2.9%

Value ($000) $4,966 Shares 7,523 Est. Cost $385.65 Unrealized +73.0%

PANW PALO ALTO NETWORKS INC 1.7%

Value ($000) $2,950 Shares 16,014 Est. Cost $159.48 Unrealized +26.5%

AMZN AMAZON COM INC 3.1%

Value ($000) $5,193 Shares 22,496 Est. Cost $126.22 Unrealized +81.3%

JEPQ J P MORGAN EXCHANGE TRADED F 2.2%

Value ($000) $3,717 Shares 63,958 Est. Cost $52.90 Unrealized —

FFLG FIDELITY COVINGTON TRUST 0.2%

Value ($000) $299 Shares 10,000 Est. Cost $26.86 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	23,789	$7,446	4.4%	$111.49	+156.2%	CAP STK CL A	02079K305
XME	SPDR SERIES TRUST	61,201	$6,341	3.7%	$53.75	—	STATE STREET SPD	78464A755
META	META PLATFORMS INC	7,523	$4,966	2.9%	$385.65	+73.0%	CL A	30303M102
PANW	PALO ALTO NETWORKS INC	16,014	$2,950	1.7%	$159.48	+26.5%	COM	697435105
AMZN	AMAZON COM INC	22,496	$5,193	3.1%	$126.22	+81.3%	COM	023135106
JEPQ	J P MORGAN EXCHANGE TRADED F	63,958	$3,717	2.2%	$52.90	—	NASDAQ EQT PREM	46654Q203
FFLG	FIDELITY COVINGTON TRUST	10,000	$299	0.2%	$26.86	—	FIDELITY FUND LR	316092337