Elm3 Financial Group, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCYB	SCHWAB STRATEGIC TR	63,726	$1,684	1.4%	$26.42	—	HIGH YIELD BD ET	808524631
SPHY	SPDR SERIES TRUST	69,699	$1,650	1.4%	$23.67	—	STATE STREET SPD	78468R606
—	PIMCO HIGH INCOME FD	209,092	$1,016	0.8%	$4.86	—	COM SHS	722014107
UTES	ETFIS SER TR I	12,311	$972	0.8%	$78.95	—	VIRTUS REAVES UT	26923G806
IFRA	ISHARES TR	17,279	$909	0.8%	$52.62	—	US INFRASTRUC	46435U713
VBK	VANGUARD INDEX FDS	2,861	$864	0.7%	$302.13	—	SML CP GRW ETF	922908595
VTWG	VANGUARD SCOTTSDALE FDS	3,194	$754	0.6%	$235.99	—	VNG RUS2000GRW	92206C623
PKB	INVESCO EXCHANGE TRADED FD T	5,724	$530	0.4%	$92.59	—	BUILDING & CONST	46137V779
PAVE	GLOBAL X FDS	9,212	$440	0.4%	$47.79	—	US INFR DEV ETF	37954Y673
FHLC	FIDELITY COVINGTON TRUST	5,851	$435	0.4%	$74.27	—	MSCI HLTH CARE I	316092600
XBI	SPDR SERIES TRUST	2,590	$316	0.3%	$121.93	—	STATE STREET SPD	78464A870
LVHI	LEGG MASON ETF INVT	6,958	$256	0.2%	$36.82	—	FRANKLIN INTL LW	52468L505
PPH	VANECK ETF TRUST	2,448	$253	0.2%	$103.17	—	PHARMACEUTCL ETF	92189F692
VIG	VANGUARD SPECIALIZED FUNDS	1,044	$229	0.2%	$219.67	—	DIV APP ETF	921908844
VOT	VANGUARD INDEX FDS	740	$207	0.2%	$279.14	—	MCAP GR IDXVIP	922908538
JIRE	J P MORGAN EXCHANGE TRADED F	2,682	$201	0.2%	$74.88	—	INTRNL RES EQT	46641Q134
BKSE	BNY MELLON ETF TRUST	1,782	$200	0.2%	$112.50	—	US SMLCP CORE	09661T305

Increased Positions (20)

VO VANGUARD INDEX FDS 0.9%

Value ($000) $1,099 (+132.6%) Shares 3,787 (+135.5%) Est. Cost $279.60 Unrealized —

— PIMCO DYNAMIC INCOME FD 1.8%

Value ($000) $2,142 (+24.3%) Shares 120,947 (+39.0%) Est. Cost $18.24 Unrealized —

VB VANGUARD INDEX FDS 0.7%

Value ($000) $843 (+49.7%) Shares 3,268 (+47.6%) Est. Cost $240.93 Unrealized —

FELG FIDELITY COVINGTON TRUST 0.7%

Value ($000) $864 (+47.4%) Shares 20,709 (+45.3%) Est. Cost $37.15 Unrealized —

— PIMCO CORPORATE & INCOME OPP 1.8%

Value ($000) $2,147 (+9.0%) Shares 166,425 (+22.0%) Est. Cost $14.09 Unrealized —

NDAQ NASDAQ INC 0.4%

Value ($000) $502 (+48.6%) Shares 5,168 (+35.3%) Est. Cost $79.78 Unrealized +12.5%

GDE WISDOMTREE TR 0.6%

Value ($000) $724 (+13.5%) Shares 11,742 (+5.8%) Est. Cost $45.48 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $406 (+20.8%) Shares 2,121 (+19.6%) Est. Cost $183.88 Unrealized —

PDN INVESCO EXCH TRADED FD TR II 0.3%

Value ($000) $347 (+19.0%) Shares 8,214 (+16.0%) Est. Cost $41.26 Unrealized —

JCPB J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $412 (+12.9%) Shares 8,706 (+13.4%) Est. Cost $46.22 Unrealized —

FFLC FIDELITY COVINGTON TRUST 0.4%

Value ($000) $484 (+9.4%) Shares 9,061 (+6.7%) Est. Cost $45.91 Unrealized —

FTEC FIDELITY COVINGTON TRUST 1.4%

Value ($000) $1,690 (+2.3%) Shares 7,520 (+1.2%) Est. Cost $185.34 Unrealized —

DIM WISDOMTREE TR 0.2%

Value ($000) $278 (+15.7%) Shares 3,445 (+11.0%) Est. Cost $77.61 Unrealized —

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $581 (+6.4%) Shares 1,802 (+4.2%) Est. Cost $234.90 Unrealized +31.8%

VFMV VANGUARD WELLINGTON FD 0.3%

Value ($000) $304 (+12.6%) Shares 2,335 (+13.5%) Est. Cost $128.48 Unrealized —

LNG CHENIERE ENERGY INC 0.2%

Value ($000) $200 (-14.4%) Shares 1,031 (+3.5%) Est. Cost $224.65 Unrealized -6.5%

ATO ATMOS ENERGY CORP 0.3%

Value ($000) $379 (+9.1%) Shares 2,260 (+11.2%) Est. Cost $161.28 Unrealized +6.8%

FFGX FIDELITY COVINGTON TRUST 0.4%

Value ($000) $436 (+5.0%) Shares 14,300 (+3.1%) Est. Cost $29.17 Unrealized —

IWP ISHARES TR 0.5%

Value ($000) $631 (-1.9%) Shares 4,608 (+2.0%) Est. Cost $122.54 Unrealized —

META META PLATFORMS INC 0.5%

Value ($000) $612 (+0.6%) Shares 927 (+12.0%) Est. Cost $608.40 Unrealized +9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VO	VANGUARD INDEX FDS	3,787 (+135.5%)	$1,099 (+132.6%)	0.9%	$279.60	—	MID CAP ETF	922908629
—	PIMCO DYNAMIC INCOME FD	120,947 (+39.0%)	$2,142 (+24.3%)	1.8%	$18.24	—	SHS	72201Y101
VB	VANGUARD INDEX FDS	3,268 (+47.6%)	$843 (+49.7%)	0.7%	$240.93	—	SMALL CP ETF	922908751
FELG	FIDELITY COVINGTON TRUST	20,709 (+45.3%)	$864 (+47.4%)	0.7%	$37.15	—	ENHANCED LARGE	31609A305
—	PIMCO CORPORATE & INCOME OPP	166,425 (+22.0%)	$2,147 (+9.0%)	1.8%	$14.09	—	COM	72201B101
NDAQ	NASDAQ INC	5,168 (+35.3%)	$502 (+48.6%)	0.4%	$79.78	+12.5%	COM	631103108
GDE	WISDOMTREE TR	11,742 (+5.8%)	$724 (+13.5%)	0.6%	$45.48	—	EFFICIENT GLD PL	97717Y568
RSP	INVESCO EXCHANGE TRADED FD T	2,121 (+19.6%)	$406 (+20.8%)	0.3%	$183.88	—	S&P500 EQL WGT	46137V357
PDN	INVESCO EXCH TRADED FD TR II	8,214 (+16.0%)	$347 (+19.0%)	0.3%	$41.26	—	RAFI DVLPD MRKTS	46138E735
JCPB	J P MORGAN EXCHANGE TRADED F	8,706 (+13.4%)	$412 (+12.9%)	0.3%	$46.22	—	CORE PLUS BD ETF	46641Q670
FFLC	FIDELITY COVINGTON TRUST	9,061 (+6.7%)	$484 (+9.4%)	0.4%	$45.91	—	FUNDAMENTAL LARG	316092360
FTEC	FIDELITY COVINGTON TRUST	7,520 (+1.2%)	$1,690 (+2.3%)	1.4%	$185.34	—	MSCI INFO TECH I	316092808
DIM	WISDOMTREE TR	3,445 (+11.0%)	$278 (+15.7%)	0.2%	$77.61	—	INTL MIDCAP DV	97717W778
JPM	JPMORGAN CHASE & CO.	1,802 (+4.2%)	$581 (+6.4%)	0.5%	$234.90	+31.8%	COM	46625H100
VFMV	VANGUARD WELLINGTON FD	2,335 (+13.5%)	$304 (+12.6%)	0.3%	$128.48	—	US MINIMUM	921935409
LNG	CHENIERE ENERGY INC	1,031 (+3.5%)	$200 (-14.4%)	0.2%	$224.65	-6.5%	COM NEW	16411R208
ATO	ATMOS ENERGY CORP	2,260 (+11.2%)	$379 (+9.1%)	0.3%	$161.28	+6.8%	COM	049560105
FFGX	FIDELITY COVINGTON TRUST	14,300 (+3.1%)	$436 (+5.0%)	0.4%	$29.17	—	FUNDAMENTAL GLOB	31609A875
IWP	ISHARES TR	4,608 (+2.0%)	$631 (-1.9%)	0.5%	$122.54	—	RUS MD CP GR ETF	464287481
META	META PLATFORMS INC	927 (+12.0%)	$612 (+0.6%)	0.5%	$608.40	+9.7%	CL A	30303M102

Exited Positions (15)

NFLX NETFLIX INC 0.4%

Value ($000) $508 Shares 424 Est. Cost $114.44 Unrealized -5.8%

VST VISTRA CORP 0.3%

Value ($000) $325 Shares 1,661 Est. Cost $147.45 Unrealized +23.4%

EME EMCOR GROUP INC 0.3%

Value ($000) $303 Shares 466 Est. Cost $606.37 Unrealized +6.8%

NVO NOVO-NORDISK A S 0.2%

Value ($000) $300 Shares 5,414 Est. Cost $86.02 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $298 Shares 862 Est. Cost $298.94 Unrealized +12.8%

MPC MARATHON PETE CORP 0.2%

Value ($000) $285 Shares 1,481 Est. Cost $148.83 Unrealized +25.2%

VCIT VANGUARD SCOTTSDALE FDS 0.2%

Value ($000) $262 Shares 3,118 Est. Cost $80.27 Unrealized —

VCLT VANGUARD SCOTTSDALE FDS 0.2%

Value ($000) $257 Shares 3,312 Est. Cost $74.78 Unrealized —

URA GLOBAL X FDS 0.2%

Value ($000) $241 Shares 5,053 Est. Cost $38.81 Unrealized —

DLR DIGITAL RLTY TR INC 0.2%

Value ($000) $226 Shares 1,307 Est. Cost $171.20 Unrealized -4.7%

URI UNITED RENTALS INC 0.2%

Value ($000) $217 Shares 227 Est. Cost $888.48 Unrealized -2.4%

PSX PHILLIPS 66 0.2%

Value ($000) $214 Shares 1,574 Est. Cost $122.03 Unrealized +9.8%

ORLY OREILLY AUTOMOTIVE INC 0.2%

Value ($000) $212 Shares 1,965 Est. Cost $90.41 Unrealized +8.1%

EWW ISHARES INC 0.2%

Value ($000) $208 Shares 3,050 Est. Cost $68.21 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value ($000) $204 Shares 1,116 Est. Cost $162.07 Unrealized +11.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	424	$508	0.4%	$114.44	-5.8%	—	64110L106
VST	VISTRA CORP	1,661	$325	0.3%	$147.45	+23.4%	—	92840M102
EME	EMCOR GROUP INC	466	$303	0.3%	$606.37	+6.8%	—	29084Q100
NVO	NOVO-NORDISK A S	5,414	$300	0.2%	$86.02	—	—	670100205
UNH	UNITEDHEALTH GROUP INC	862	$298	0.2%	$298.94	+12.8%	—	91324P102
MPC	MARATHON PETE CORP	1,481	$285	0.2%	$148.83	+25.2%	—	56585A102
VCIT	VANGUARD SCOTTSDALE FDS	3,118	$262	0.2%	$80.27	—	—	92206C870
VCLT	VANGUARD SCOTTSDALE FDS	3,312	$257	0.2%	$74.78	—	—	92206C813
URA	GLOBAL X FDS	5,053	$241	0.2%	$38.81	—	—	37954Y871
DLR	DIGITAL RLTY TR INC	1,307	$226	0.2%	$171.20	-4.7%	—	253868103
URI	UNITED RENTALS INC	227	$217	0.2%	$888.48	-2.4%	—	911363109
PSX	PHILLIPS 66	1,574	$214	0.2%	$122.03	+9.8%	—	718546104
ORLY	OREILLY AUTOMOTIVE INC	1,965	$212	0.2%	$90.41	+8.1%	—	67103H107
EWW	ISHARES INC	3,050	$208	0.2%	$68.21	—	—	464286822
PLTR	PALANTIR TECHNOLOGIES INC	1,116	$204	0.2%	$162.07	+11.7%	—	69608A108

Decreased Positions (70)

BRLN BLACKROCK ETF TRUST II 0.8%

Value ($000) $972 (-67.7%) Shares 18,821 (-67.4%) Est. Cost $52.27 Unrealized —

ICLO INVESCO ACTIVELY MANAGED EXC 3.4%

Value ($000) $4,082 (-27.0%) Shares 159,783 (-26.8%) Est. Cost $25.64 Unrealized —

MTUM ISHARES TR 2.3%

Value ($000) $2,722 (-27.6%) Shares 10,876 (-25.8%) Est. Cost $202.13 Unrealized —

LLY ELI LILLY & CO 3.7%

Value ($000) $4,415 (+18.2%) Shares 4,109 (-16.1%) Est. Cost $821.14 Unrealized +16.4%

LONZ PIMCO ETF TR 1.2%

Value ($000) $1,447 (-29.3%) Shares 28,771 (-28.2%) Est. Cost $51.10 Unrealized —

NVDA NVIDIA CORPORATION 6.6%

Value ($000) $7,932 (-6.6%) Shares 42,530 (-6.6%) Est. Cost $137.79 Unrealized +35.1%

MSFT MICROSOFT CORP 4.1%

Value ($000) $4,896 (-10.1%) Shares 10,124 (-3.7%) Est. Cost $422.35 Unrealized +18.5%

GOOGL ALPHABET INC 2.1%

Value ($000) $2,576 (+23.7%) Shares 8,230 (-3.9%) Est. Cost $174.14 Unrealized +64.0%

JAAA JANUS DETROIT STR TR 0.7%

Value ($000) $812 (-35.1%) Shares 16,044 (-34.9%) Est. Cost $50.71 Unrealized —

HD HOME DEPOT INC 1.6%

Value ($000) $1,975 (-18.2%) Shares 5,739 (-3.6%) Est. Cost $388.57 Unrealized -6.2%

BXSL BLACKSTONE SECD LENDING FD 0.8%

Value ($000) $937 (-28.6%) Shares 35,575 (-29.3%) Est. Cost $28.37 Unrealized -8.0%

XMMO INVESCO EXCHANGE TRADED FD T 2.5%

Value ($000) $2,965 (-9.7%) Shares 21,418 (-11.8%) Est. Cost $122.34 Unrealized —

EWD ISHARES INC 0.2%

Value ($000) $241 (-53.0%) Shares 4,888 (-54.9%) Est. Cost $42.15 Unrealized —

WRB BERKLEY W R CORP 1.4%

Value ($000) $1,699 (-13.7%) Shares 24,236 (-5.6%) Est. Cost $57.87 Unrealized +25.7%

NRG NRG ENERGY INC 0.2%

Value ($000) $238 (-50.6%) Shares 1,494 (-49.8%) Est. Cost $136.11 Unrealized +21.4%

STRL STERLING INFRASTRUCTURE INC 0.7%

Value ($000) $830 (-22.6%) Shares 2,710 (-14.2%) Est. Cost $172.73 Unrealized +99.5%

FLBL FRANKLIN TEMPLETON ETF TR 0.5%

Value ($000) $577 (-28.7%) Shares 24,649 (-26.8%) Est. Cost $24.22 Unrealized —

PANW PALO ALTO NETWORKS INC 0.5%

Value ($000) $570 (-28.1%) Shares 3,093 (-20.5%) Est. Cost $187.92 Unrealized +7.4%

AZO AUTOZONE INC 0.2%

Value ($000) $258 (-46.4%) Shares 76 (-32.1%) Est. Cost $3166.27 Unrealized +19.3%

AMZN AMAZON COM INC 7.1%

Value ($000) $8,511 (+2.5%) Shares 36,875 (-2.5%) Est. Cost $210.51 Unrealized +8.7%

CRWD CROWDSTRIKE HLDGS INC 0.3%

Value ($000) $319 (-38.2%) Shares 680 (-35.3%) Est. Cost $433.81 Unrealized +17.4%

CLOA BLACKROCK ETF TRUST II 0.3%

Value ($000) $307 (-36.9%) Shares 5,930 (-36.7%) Est. Cost $51.77 Unrealized —

ANET ARISTA NETWORKS INC 0.3%

Value ($000) $360 (-32.7%) Shares 2,749 (-25.1%) Est. Cost $87.91 Unrealized +56.6%

— BLACKROCK MULTI SECTOR INC T 0.2%

Value ($000) $289 (-37.3%) Shares 22,156 (-35.7%) Est. Cost $14.34 Unrealized —

MOD MODINE MFG CO 0.3%

Value ($000) $314 (-34.2%) Shares 2,350 (-30.0%) Est. Cost $128.66 Unrealized +15.8%

CGDV CAPITAL GROUP DIVIDEND VALUE 1.0%

Value ($000) $1,211 (-11.7%) Shares 27,754 (-15.0%) Est. Cost $36.60 Unrealized —

IVV ISHARES TR 0.4%

Value ($000) $445 (-25.5%) Shares 649 (-27.2%) Est. Cost $588.77 Unrealized —

PGR PROGRESSIVE CORP 0.8%

Value ($000) $971 (-12.6%) Shares 4,266 (-5.2%) Est. Cost $231.96 Unrealized -8.5%

JQUA J P MORGAN EXCHANGE TRADED F 0.7%

Value ($000) $797 (-14.8%) Shares 12,614 (-15.2%) Est. Cost $57.27 Unrealized —

XMHQ INVESCO EXCHANGE TRADED FD T 0.2%

Value ($000) $236 (-35.9%) Shares 2,307 (-34.3%) Est. Cost $98.32 Unrealized —

GOOG ALPHABET INC 0.5%

Value ($000) $632 (+26.2%) Shares 2,015 (-2.0%) Est. Cost $175.74 Unrealized +62.9%

BKLN INVESCO EXCH TRADED FD TR II 0.3%

Value ($000) $306 (-29.2%) Shares 14,559 (-29.5%) Est. Cost $20.97 Unrealized —

— DUFF & PHELPS UTLITY AND INF 0.3%

Value ($000) $420 (-22.6%) Shares 33,055 (-21.4%) Est. Cost $11.69 Unrealized —

THYF T ROWE PRICE ETF INC 1.3%

Value ($000) $1,534 (-7.2%) Shares 29,347 (-6.9%) Est. Cost $52.02 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $384 (-23.2%) Shares 563 (-24.9%) Est. Cost $586.26 Unrealized —

COST COSTCO WHSL CORP NEW 0.5%

Value ($000) $616 (-15.5%) Shares 714 (-9.3%) Est. Cost $922.64 Unrealized -1.8%

EWY ISHARES INC 0.9%

Value ($000) $1,030 (+12.0%) Shares 10,598 (-7.7%) Est. Cost $54.68 Unrealized —

ACGL ARCH CAP GROUP LTD 0.4%

Value ($000) $487 (-17.7%) Shares 5,076 (-22.2%) Est. Cost $98.18 Unrealized -6.8%

LMT LOCKHEED MARTIN CORP 0.2%

Value ($000) $244 (-27.8%) Shares 504 (-25.4%) Est. Cost $527.20 Unrealized -9.7%

QGRW WISDOMTREE TR 0.2%

Value ($000) $281 (-21.5%) Shares 4,788 (-23.3%) Est. Cost $49.26 Unrealized —

— GUGGENHEIM STRATEGIC OPPORTU 0.1%

Value ($000) $129 (-36.5%) Shares 10,026 (-26.1%) Est. Cost $15.26 Unrealized —

AAPL APPLE INC 3.0%

Value ($000) $3,647 (+2.0%) Shares 13,414 (-4.4%) Est. Cost $234.51 Unrealized +14.4%

AVGO BROADCOM INC 4.7%

Value ($000) $5,703 (-1.2%) Shares 16,479 (-5.8%) Est. Cost $182.87 Unrealized +95.2%

TDG TRANSDIGM GROUP INC 0.7%

Value ($000) $790 (-7.7%) Shares 594 (-8.5%) Est. Cost $1229.53 Unrealized +6.6%

KLAC KLA CORP 0.5%

Value ($000) $661 (+10.2%) Shares 544 (-2.2%) Est. Cost $678.78 Unrealized +72.7%

QQQ INVESCO QQQ TR 3.6%

Value ($000) $4,286 (-1.2%) Shares 6,978 (-3.5%) Est. Cost $511.21 Unrealized —

IWY ISHARES TR 0.6%

Value ($000) $766 (-6.0%) Shares 2,767 (-7.1%) Est. Cost $235.25 Unrealized —

VRT VERTIV HOLDINGS CO 0.3%

Value ($000) $376 (-11.1%) Shares 2,323 (-17.2%) Est. Cost $116.72 Unrealized +48.7%

QQQM INVESCO EXCH TRADED FD TR II 3.0%

Value ($000) $3,617 (+1.2%) Shares 14,303 (-1.1%) Est. Cost $210.46 Unrealized —

— BLACKROCK CORPOR HI YLD FD I 0.2%

Value ($000) $262 (-14.4%) Shares 29,482 (-8.6%) Est. Cost $9.80 Unrealized —

FBCG FIDELITY COVINGTON TRUST 0.5%

Value ($000) $565 (-7.1%) Shares 10,311 (-9.1%) Est. Cost $43.27 Unrealized —

EWT ISHARES INC 0.6%

Value ($000) $749 (-5.1%) Shares 11,784 (-5.0%) Est. Cost $47.59 Unrealized —

— PIMCO INCOME STRATEGY FD II 0.2%

Value ($000) $284 (-12.3%) Shares 37,890 (-11.2%) Est. Cost $7.45 Unrealized —

— PIMCO CORPORATE & INCM STRG 0.4%

Value ($000) $427 (-7.4%) Shares 33,500 (-2.9%) Est. Cost $13.32 Unrealized —

PH PARKER-HANNIFIN CORP 0.2%

Value ($000) $264 (+13.3%) Shares 300 (-2.3%) Est. Cost $656.98 Unrealized +24.5%

SMH VANECK ETF TRUST 0.5%

Value ($000) $571 (+5.2%) Shares 1,586 (-4.6%) Est. Cost $242.21 Unrealized —

— BLACKROCK CR ALLOCATION INCO 0.1%

Value ($000) $123 (-16.6%) Shares 11,400 (-14.9%) Est. Cost $10.49 Unrealized —

FIDI FIDELITY COVINGTON TRUST 0.3%

Value ($000) $391 (-5.7%) Shares 15,098 (-11.0%) Est. Cost $23.39 Unrealized —

SPGI S&P GLOBAL INC 0.3%

Value ($000) $382 (-5.7%) Shares 730 (-12.2%) Est. Cost $503.12 Unrealized -1.8%

CEG CONSTELLATION ENERGY CORP 0.4%

Value ($000) $495 (+4.2%) Shares 1,402 (-2.9%) Est. Cost $264.45 Unrealized +37.3%

EPOL ISHARES TR 0.5%

Value ($000) $633 (+3.2%) Shares 17,976 (-5.6%) Est. Cost $28.01 Unrealized —

FLDR FIDELITY MERRIMACK STR TR 0.5%

Value ($000) $551 (-2.7%) Shares 10,973 (-2.8%) Est. Cost $49.98 Unrealized —

FFDI FIDELITY COVINGTON TRUST 0.3%

Value ($000) $346 (-4.0%) Shares 11,466 (-4.3%) Est. Cost $29.75 Unrealized —

ANGL VANECK ETF TRUST 0.2%

Value ($000) $212 (-5.1%) Shares 7,219 (-4.0%) Est. Cost $28.71 Unrealized —

EFO PROSHARES TR 0.2%

Value ($000) $246 (+4.8%) Shares 3,857 (-2.2%) Est. Cost $56.45 Unrealized —

VTI VANGUARD INDEX FDS 0.8%

Value ($000) $972 (+1.0%) Shares 2,900 (-1.1%) Est. Cost $278.74 Unrealized —

FCOM FIDELITY COVINGTON TRUST 0.5%

Value ($000) $572 (+1.5%) Shares 7,805 (-1.7%) Est. Cost $65.34 Unrealized —

VXUS VANGUARD STAR FDS 0.4%

Value ($000) $528 (+1.1%) Shares 6,994 (-1.5%) Est. Cost $62.10 Unrealized —

HWM HOWMET AEROSPACE INC 1.3%

Value ($000) $1,613 (-0.2%) Shares 7,870 (-4.5%) Est. Cost $112.24 Unrealized +77.3%

FEMR FIDELITY COVINGTON TRUST 0.5%

Value ($000) $556 (+0.5%) Shares 17,076 (-4.1%) Est. Cost $29.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRLN	BLACKROCK ETF TRUST II	18,821 (-67.4%)	$972 (-67.7%)	0.8%	$52.27	—	ISHARES FLOATING	092528405
ICLO	INVESCO ACTIVELY MANAGED EXC	159,783 (-26.8%)	$4,082 (-27.0%)	3.4%	$25.64	—	AAA CLO FLTNG RT	46090A721
MTUM	ISHARES TR	10,876 (-25.8%)	$2,722 (-27.6%)	2.3%	$202.13	—	MSCI USA MMENTM	46432F396
LLY	ELI LILLY & CO	4,109 (-16.1%)	$4,415 (+18.2%)	3.7%	$821.14	+16.4%	COM	532457108
LONZ	PIMCO ETF TR	28,771 (-28.2%)	$1,447 (-29.3%)	1.2%	$51.10	—	SR LN ACTIVE ETF	72201R627
NVDA	NVIDIA CORPORATION	42,530 (-6.6%)	$7,932 (-6.6%)	6.6%	$137.79	+35.1%	COM	67066G104
MSFT	MICROSOFT CORP	10,124 (-3.7%)	$4,896 (-10.1%)	4.1%	$422.35	+18.5%	COM	594918104
GOOGL	ALPHABET INC	8,230 (-3.9%)	$2,576 (+23.7%)	2.1%	$174.14	+64.0%	CAP STK CL A	02079K305
JAAA	JANUS DETROIT STR TR	16,044 (-34.9%)	$812 (-35.1%)	0.7%	$50.71	—	HENDRSON AAA CL	47103U845
HD	HOME DEPOT INC	5,739 (-3.6%)	$1,975 (-18.2%)	1.6%	$388.57	-6.2%	COM	437076102
BXSL	BLACKSTONE SECD LENDING FD	35,575 (-29.3%)	$937 (-28.6%)	0.8%	$28.37	-8.0%	COMMON STOCK	09261X102
XMMO	INVESCO EXCHANGE TRADED FD T	21,418 (-11.8%)	$2,965 (-9.7%)	2.5%	$122.34	—	S&P MDCP MOMNTUM	46137V464
EWD	ISHARES INC	4,888 (-54.9%)	$241 (-53.0%)	0.2%	$42.15	—	MSCI SWEDEN ETF	464286756
WRB	BERKLEY W R CORP	24,236 (-5.6%)	$1,699 (-13.7%)	1.4%	$57.87	+25.7%	COM	084423102
NRG	NRG ENERGY INC	1,494 (-49.8%)	$238 (-50.6%)	0.2%	$136.11	+21.4%	COM NEW	629377508
STRL	STERLING INFRASTRUCTURE INC	2,710 (-14.2%)	$830 (-22.6%)	0.7%	$172.73	+99.5%	COM	859241101
FLBL	FRANKLIN TEMPLETON ETF TR	24,649 (-26.8%)	$577 (-28.7%)	0.5%	$24.22	—	SENIOR LOAN ETF	35473P595
PANW	PALO ALTO NETWORKS INC	3,093 (-20.5%)	$570 (-28.1%)	0.5%	$187.92	+7.4%	COM	697435105
AZO	AUTOZONE INC	76 (-32.1%)	$258 (-46.4%)	0.2%	$3166.27	+19.3%	COM	053332102
AMZN	AMAZON COM INC	36,875 (-2.5%)	$8,511 (+2.5%)	7.1%	$210.51	+8.7%	COM	023135106
CRWD	CROWDSTRIKE HLDGS INC	680 (-35.3%)	$319 (-38.2%)	0.3%	$433.81	+17.4%	CL A	22788C105
CLOA	BLACKROCK ETF TRUST II	5,930 (-36.7%)	$307 (-36.9%)	0.3%	$51.77	—	ISHARES AAA CLO	092528504
ANET	ARISTA NETWORKS INC	2,749 (-25.1%)	$360 (-32.7%)	0.3%	$87.91	+56.6%	COM SHS	040413205
—	BLACKROCK MULTI SECTOR INC T	22,156 (-35.7%)	$289 (-37.3%)	0.2%	$14.34	—	COM	09258A107
MOD	MODINE MFG CO	2,350 (-30.0%)	$314 (-34.2%)	0.3%	$128.66	+15.8%	COM	607828100
CGDV	CAPITAL GROUP DIVIDEND VALUE	27,754 (-15.0%)	$1,211 (-11.7%)	1.0%	$36.60	—	SHS CREATION UNI	14020W106
IVV	ISHARES TR	649 (-27.2%)	$445 (-25.5%)	0.4%	$588.77	—	CORE S&P500 ETF	464287200
PGR	PROGRESSIVE CORP	4,266 (-5.2%)	$971 (-12.6%)	0.8%	$231.96	-8.5%	COM	743315103
JQUA	J P MORGAN EXCHANGE TRADED F	12,614 (-15.2%)	$797 (-14.8%)	0.7%	$57.27	—	US QUALTY FCTR	46641Q761
XMHQ	INVESCO EXCHANGE TRADED FD T	2,307 (-34.3%)	$236 (-35.9%)	0.2%	$98.32	—	S&P MDCP QUALITY	46137V472
GOOG	ALPHABET INC	2,015 (-2.0%)	$632 (+26.2%)	0.5%	$175.74	+62.9%	CAP STK CL C	02079K107
BKLN	INVESCO EXCH TRADED FD TR II	14,559 (-29.5%)	$306 (-29.2%)	0.3%	$20.97	—	SR LN ETF	46138G508
—	DUFF & PHELPS UTLITY AND INF	33,055 (-21.4%)	$420 (-22.6%)	0.3%	$11.69	—	COM	26433C105
THYF	T ROWE PRICE ETF INC	29,347 (-6.9%)	$1,534 (-7.2%)	1.3%	$52.02	—	US HIGH YIELD	87283Q875
SPY	SPDR S&P 500 ETF TR	563 (-24.9%)	$384 (-23.2%)	0.3%	$586.26	—	TR UNIT	78462F103
COST	COSTCO WHSL CORP NEW	714 (-9.3%)	$616 (-15.5%)	0.5%	$922.64	-1.8%	COM	22160K105
EWY	ISHARES INC	10,598 (-7.7%)	$1,030 (+12.0%)	0.9%	$54.68	—	MSCI STH KOR ETF	464286772
ACGL	ARCH CAP GROUP LTD	5,076 (-22.2%)	$487 (-17.7%)	0.4%	$98.18	-6.8%	ORD	G0450A105
LMT	LOCKHEED MARTIN CORP	504 (-25.4%)	$244 (-27.8%)	0.2%	$527.20	-9.7%	COM	539830109
QGRW	WISDOMTREE TR	4,788 (-23.3%)	$281 (-21.5%)	0.2%	$49.26	—	US QUALITY GROW	97717Y477
—	GUGGENHEIM STRATEGIC OPPORTU	10,026 (-26.1%)	$129 (-36.5%)	0.1%	$15.26	—	COM SBI	40167F101
AAPL	APPLE INC	13,414 (-4.4%)	$3,647 (+2.0%)	3.0%	$234.51	+14.4%	COM	037833100
AVGO	BROADCOM INC	16,479 (-5.8%)	$5,703 (-1.2%)	4.7%	$182.87	+95.2%	COM	11135F101
TDG	TRANSDIGM GROUP INC	594 (-8.5%)	$790 (-7.7%)	0.7%	$1229.53	+6.6%	COM	893641100
KLAC	KLA CORP	544 (-2.2%)	$661 (+10.2%)	0.5%	$678.78	+72.7%	COM NEW	482480100
QQQ	INVESCO QQQ TR	6,978 (-3.5%)	$4,286 (-1.2%)	3.6%	$511.21	—	UNIT SER 1	46090E103
IWY	ISHARES TR	2,767 (-7.1%)	$766 (-6.0%)	0.6%	$235.25	—	RUS TP200 GR ETF	464289438
VRT	VERTIV HOLDINGS CO	2,323 (-17.2%)	$376 (-11.1%)	0.3%	$116.72	+48.7%	COM CL A	92537N108
QQQM	INVESCO EXCH TRADED FD TR II	14,303 (-1.1%)	$3,617 (+1.2%)	3.0%	$210.46	—	NASDAQ 100 ETF	46138G649
—	BLACKROCK CORPOR HI YLD FD I	29,482 (-8.6%)	$262 (-14.4%)	0.2%	$9.80	—	COM	09255P107
FBCG	FIDELITY COVINGTON TRUST	10,311 (-9.1%)	$565 (-7.1%)	0.5%	$43.27	—	BLUE CHIP GRWTH	316092352
EWT	ISHARES INC	11,784 (-5.0%)	$749 (-5.1%)	0.6%	$47.59	—	MSCI TAIWAN ETF	46434G772
—	PIMCO INCOME STRATEGY FD II	37,890 (-11.2%)	$284 (-12.3%)	0.2%	$7.45	—	COM	72201J104
—	PIMCO CORPORATE & INCM STRG	33,500 (-2.9%)	$427 (-7.4%)	0.4%	$13.32	—	COM	72200U100
PH	PARKER-HANNIFIN CORP	300 (-2.3%)	$264 (+13.3%)	0.2%	$656.98	+24.5%	COM	701094104
SMH	VANECK ETF TRUST	1,586 (-4.6%)	$571 (+5.2%)	0.5%	$242.21	—	SEMICONDUCTR ETF	92189F676
—	BLACKROCK CR ALLOCATION INCO	11,400 (-14.9%)	$123 (-16.6%)	0.1%	$10.49	—	COM	092508100
FIDI	FIDELITY COVINGTON TRUST	15,098 (-11.0%)	$391 (-5.7%)	0.3%	$23.39	—	INT HG DIV ETF	316092725
SPGI	S&P GLOBAL INC	730 (-12.2%)	$382 (-5.7%)	0.3%	$503.12	-1.8%	COM	78409V104
CEG	CONSTELLATION ENERGY CORP	1,402 (-2.9%)	$495 (+4.2%)	0.4%	$264.45	+37.3%	COM	21037T109
EPOL	ISHARES TR	17,976 (-5.6%)	$633 (+3.2%)	0.5%	$28.01	—	MSCI POLAND ETF	46429B606
FLDR	FIDELITY MERRIMACK STR TR	10,973 (-2.8%)	$551 (-2.7%)	0.5%	$49.98	—	LOW DURTIN ETF	316188408
FFDI	FIDELITY COVINGTON TRUST	11,466 (-4.3%)	$346 (-4.0%)	0.3%	$29.75	—	FUNDAMENTAL DEVE	31609A883
ANGL	VANECK ETF TRUST	7,219 (-4.0%)	$212 (-5.1%)	0.2%	$28.71	—	FALLEN ANGEL HG	92189F437
EFO	PROSHARES TR	3,857 (-2.2%)	$246 (+4.8%)	0.2%	$56.45	—	ULTR MSCI ETF	74347X500
VTI	VANGUARD INDEX FDS	2,900 (-1.1%)	$972 (+1.0%)	0.8%	$278.74	—	TOTAL STK MKT	922908769
FCOM	FIDELITY COVINGTON TRUST	7,805 (-1.7%)	$572 (+1.5%)	0.5%	$65.34	—	MSCI COMMNTN SVC	316092873
VXUS	VANGUARD STAR FDS	6,994 (-1.5%)	$528 (+1.1%)	0.4%	$62.10	—	VG TL INTL STK F	921909768
HWM	HOWMET AEROSPACE INC	7,870 (-4.5%)	$1,613 (-0.2%)	1.3%	$112.24	+77.3%	COM	443201108
FEMR	FIDELITY COVINGTON TRUST	17,076 (-4.1%)	$556 (+0.5%)	0.5%	$29.00	—	ENHANCED EMRNGS	31609A800

Unchanged Positions (6)

FDEV FIDELITY COVINGTON TRUST 1.1%

Value ($000) $1,307 Shares 37,755 Est. Cost $30.09 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.5%

Value ($000) $562 Shares 1,848 Est. Cost $196.12 Unrealized —

DTM DT MIDSTREAM INC 0.5%

Value ($000) $570 Shares 4,764 Est. Cost $91.78 Unrealized +24.5%

MCK MCKESSON CORP 0.2%

Value ($000) $281 Shares 342 Est. Cost $618.70 Unrealized +31.8%

— PIMCO INCOME STRATEGY FD 0.2%

Value ($000) $231 Shares 27,435 Est. Cost $8.37 Unrealized —

PPA INVESCO EXCHANGE TRADED FD T 0.9%

Value ($000) $1,061 Shares 6,774 Est. Cost $127.84 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FDEV	FIDELITY COVINGTON TRUST	37,755	$1,307	1.1%	$30.09	—	INTL MULTIFACTOR	316092535
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,848	$562	0.5%	$196.12	—	SPONSORED ADS	874039100
DTM	DT MIDSTREAM INC	4,764	$570	0.5%	$91.78	+24.5%	COMMON STOCK	23345M107
MCK	MCKESSON CORP	342	$281	0.2%	$618.70	+31.8%	COM	58155Q103
—	PIMCO INCOME STRATEGY FD	27,435	$231	0.2%	$8.37	—	COM	72201H108
PPA	INVESCO EXCHANGE TRADED FD T	6,774	$1,061	0.9%	$127.84	—	AEROSPACE DEFN	46137V100