Family Office Research LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BPRE	BLUEROCK PVT REAL ESTATE FD	190,618	$2,894	1.2%	$15.18	—	COM	09631P102
BALT	INNOVATOR ETFS TRUST	44,445	$1,488	0.6%	$33.48	—	DEFINED WLT SHLD	45783Y855
ETHA	ISHARES ETHEREUM TR	24,949	$551	0.2%	$22.10	—	SHS	46438R105
JPLD	J P MORGAN EXCHANGE TRADED F	7,736	$406	0.2%	$52.52	—	JPMORGAM LTD DUR	46654Q773
CPAG	RBB FD INC	2,763	$283	0.1%	$102.51	—	F/M COMPOUNDR US	74933W148
VTEB	VANGUARD MUN BD FDS	4,305	$216	0.1%	$50.26	—	TAX EXEMPT BD	922907746
MDY	SPDR S&P MIDCAP 400 ETF TR	329	$201	0.1%	$612.24	—	UTSER1 S&PDCRP	78467Y107

Increased Positions (12)

JAAA JANUS DETROIT STR TR 1.4%

Value ($000) $3,385 (+101.2%) Shares 66,971 (+102.1%) Est. Cost $50.63 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value ($000) $1,292 (+272.2%) Shares 6,866 (+269.1%) Est. Cost $172.96 Unrealized +7.6%

TSLA TESLA INC 1.1%

Value ($000) $2,643 (+30.9%) Shares 5,749 (+26.7%) Est. Cost $360.34 Unrealized +23.0%

QQQ INVESCO QQQ TR 5.4%

Value ($000) $13,228 (+4.8%) Shares 21,305 (+1.4%) Est. Cost $514.63 Unrealized —

SMLF ISHARES TR 6.3%

Value ($000) $15,424 (+3.4%) Shares 203,079 (+1.2%) Est. Cost $67.62 Unrealized —

AVDE AMERICAN CENTY ETF TR 1.7%

Value ($000) $4,129 (+7.7%) Shares 49,995 (+2.9%) Est. Cost $62.27 Unrealized —

AVEM AMERICAN CENTY ETF TR 1.3%

Value ($000) $3,187 (+5.8%) Shares 41,381 (+3.2%) Est. Cost $59.88 Unrealized —

SPY SPDR S&P 500 ETF TR 0.6%

Value ($000) $1,488 (+7.9%) Shares 2,162 (+4.5%) Est. Cost $590.66 Unrealized —

GOOGL ALPHABET INC 0.2%

Value ($000) $429 (+30.5%) Shares 1,367 (+1.2%) Est. Cost $175.45 Unrealized +62.8%

IVV ISHARES TR 0.7%

Value ($000) $1,693 (+5.8%) Shares 2,451 (+2.5%) Est. Cost $591.29 Unrealized —

ICF ISHARES TR 0.3%

Value ($000) $746 (+3.0%) Shares 12,418 (+5.7%) Est. Cost $60.25 Unrealized —

VNLA JANUS DETROIT STR TR 0.2%

Value ($000) $512 (+1.3%) Shares 10,423 (+1.6%) Est. Cost $48.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JAAA	JANUS DETROIT STR TR	66,971 (+102.1%)	$3,385 (+101.2%)	1.4%	$50.63	—	HENDRSON AAA CL	47103U845
NVDA	NVIDIA CORPORATION	6,866 (+269.1%)	$1,292 (+272.2%)	0.5%	$172.96	+7.6%	COM	67066G104
TSLA	TESLA INC	5,749 (+26.7%)	$2,643 (+30.9%)	1.1%	$360.34	+23.0%	COM	88160R101
QQQ	INVESCO QQQ TR	21,305 (+1.4%)	$13,228 (+4.8%)	5.4%	$514.63	—	UNIT SER 1	46090E103
SMLF	ISHARES TR	203,079 (+1.2%)	$15,424 (+3.4%)	6.3%	$67.62	—	US SML CAP EQT	46434V290
AVDE	AMERICAN CENTY ETF TR	49,995 (+2.9%)	$4,129 (+7.7%)	1.7%	$62.27	—	INTL EQT ETF	025072703
AVEM	AMERICAN CENTY ETF TR	41,381 (+3.2%)	$3,187 (+5.8%)	1.3%	$59.88	—	AVANTIS EMGMKT	025072604
SPY	SPDR S&P 500 ETF TR	2,162 (+4.5%)	$1,488 (+7.9%)	0.6%	$590.66	—	TR UNIT	78462F103
GOOGL	ALPHABET INC	1,367 (+1.2%)	$429 (+30.5%)	0.2%	$175.45	+62.8%	CAP STK CL A	02079K305
IVV	ISHARES TR	2,451 (+2.5%)	$1,693 (+5.8%)	0.7%	$591.29	—	CORE S&P500 ETF	464287200
ICF	ISHARES TR	12,418 (+5.7%)	$746 (+3.0%)	0.3%	$60.25	—	SELECT US REIT	464287564
VNLA	JANUS DETROIT STR TR	10,423 (+1.6%)	$512 (+1.3%)	0.2%	$48.93	—	HENDRSN SHRT ETF	47103U886

Exited Positions (2)

NCDL NUVEEN CHURCHILL DIRECT LEND 0.1%

Value ($000) $225 Shares 16,332 Est. Cost $14.69 Unrealized -6.5%

NUSC NUSHARES ETF TR 0.1%

Value ($000) $216 Shares 4,904 Est. Cost $41.88 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NCDL	NUVEEN CHURCHILL DIRECT LEND	16,332	$225	0.1%	$14.69	-6.5%	—	67090S108
NUSC	NUSHARES ETF TR	4,904	$216	0.1%	$41.88	—	—	67092P607

Decreased Positions (30)

MAR MARRIOTT INTL INC NEW 22.8%

Value ($000) $55,766 (+19.0%) Shares 177,367 (-1.4%) Est. Cost $271.56 Unrealized +5.1%

TBIL RBB FD INC 5.5%

Value ($000) $13,409 (-22.2%) Shares 268,080 (-22.3%) Est. Cost $49.90 Unrealized —

DBMF LITMAN GREGORY FDS TR 0.2%

Value ($000) $397 (-57.4%) Shares 13,557 (-60.3%) Est. Cost $25.46 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.1%

Value ($000) $217 (-68.6%) Shares 4,401 (-58.7%) Est. Cost $55.78 Unrealized —

MOAT VANECK ETF TRUST 5.9%

Value ($000) $14,408 (+2.4%) Shares 138,019 (-2.7%) Est. Cost $92.66 Unrealized —

AVSC AMERICAN CENTY ETF TR 1.0%

Value ($000) $2,544 (-11.5%) Shares 42,784 (-14.8%) Est. Cost $54.36 Unrealized —

SMOT VANECK ETF TRUST 1.0%

Value ($000) $2,444 (-11.9%) Shares 66,806 (-13.1%) Est. Cost $34.47 Unrealized —

XT ISHARES TR 0.3%

Value ($000) $705 (-28.1%) Shares 10,016 (-26.5%) Est. Cost $59.66 Unrealized —

DFAC DIMENSIONAL ETF TRUST 5.3%

Value ($000) $12,995 (+2.0%) Shares 324,951 (-1.6%) Est. Cost $34.54 Unrealized —

SNSR GLOBAL X FDS 0.4%

Value ($000) $1,012 (-18.7%) Shares 27,113 (-15.0%) Est. Cost $34.90 Unrealized —

METV LISTED FDS TR 0.3%

Value ($000) $754 (-18.7%) Shares 1,144 (-9.4%) Est. Cost $734.69 Unrealized —

VOO VANGUARD INDEX FDS 10.3%

Value ($000) $25,169 (+0.6%) Shares 39,787 (-2.6%) Est. Cost $538.46 Unrealized —

GOOG ALPHABET INC 0.2%

Value ($000) $478 (+25.7%) Shares 1,519 (-2.7%) Est. Cost $173.52 Unrealized +65.0%

ESPO VANECK ETF TRUST 0.1%

Value ($000) $291 (-21.5%) Shares 2,792 (-8.8%) Est. Cost $83.39 Unrealized —

BOTZ GLOBAL X FDS 0.1%

Value ($000) $362 (-16.5%) Shares 9,842 (-19.5%) Est. Cost $31.95 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value ($000) $691 (-9.0%) Shares 1,417 (-3.3%) Est. Cost $421.01 Unrealized +18.9%

SHLD GLOBAL X FDS 0.1%

Value ($000) $301 (-17.9%) Shares 4,585 (-12.2%) Est. Cost $46.55 Unrealized —

VGT VANGUARD WORLD FD 0.6%

Value ($000) $1,369 (-4.5%) Shares 1,794 (-6.5%) Est. Cost $619.56 Unrealized —

GLD SPDR GOLD TR 0.3%

Value ($000) $638 (+10.1%) Shares 1,600 (-1.8%) Est. Cost $250.75 Unrealized —

IGM ISHARES TR 0.3%

Value ($000) $758 (-5.7%) Shares 5,799 (-9.1%) Est. Cost $102.78 Unrealized —

IVE ISHARES TR 0.1%

Value ($000) $283 (-12.5%) Shares 1,325 (-15.5%) Est. Cost $190.94 Unrealized —

IJH ISHARES TR 0.1%

Value ($000) $287 (-11.8%) Shares 4,282 (-14.0%) Est. Cost $62.06 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $1,050 (-3.5%) Shares 2,095 (-3.2%) Est. Cost $484.36 Unrealized +2.7%

MLPD GLOBAL X FDS 0.1%

Value ($000) $210 (-9.8%) Shares 3,480 (-6.5%) Est. Cost $62.71 Unrealized —

ARTY ISHARES TR 0.2%

Value ($000) $496 (+4.5%) Shares 10,193 (-1.6%) Est. Cost $37.07 Unrealized —

AMZN AMAZON COM INC 0.4%

Value ($000) $1,025 (+1.8%) Shares 4,417 (-3.7%) Est. Cost $204.58 Unrealized +11.8%

EFA ISHARES TR 0.2%

Value ($000) $566 (-2.5%) Shares 5,881 (-5.4%) Est. Cost $75.61 Unrealized —

DE DEERE & CO 0.1%

Value ($000) $257 (-5.2%) Shares 546 (-7.8%) Est. Cost $413.99 Unrealized +13.0%

PTNQ PACER FDS TR 0.2%

Value ($000) $542 (-2.0%) Shares 6,755 (-5.2%) Est. Cost $74.03 Unrealized —

IVW ISHARES TR 0.2%

Value ($000) $549 (-1.4%) Shares 4,415 (-4.3%) Est. Cost $101.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MAR	MARRIOTT INTL INC NEW	177,367 (-1.4%)	$55,766 (+19.0%)	22.8%	$271.56	+5.1%	CL A	571903202
TBIL	RBB FD INC	268,080 (-22.3%)	$13,409 (-22.2%)	5.5%	$49.90	—	US TREAS 3 MNTH	74933W452
DBMF	LITMAN GREGORY FDS TR	13,557 (-60.3%)	$397 (-57.4%)	0.2%	$25.46	—	IMGP DBI MANAGED	53700T827
IBIT	ISHARES BITCOIN TRUST ETF	4,401 (-58.7%)	$217 (-68.6%)	0.1%	$55.78	—	SHS BEN INT	46438F101
MOAT	VANECK ETF TRUST	138,019 (-2.7%)	$14,408 (+2.4%)	5.9%	$92.66	—	MRNGSTR WDE MOAT	92189F643
AVSC	AMERICAN CENTY ETF TR	42,784 (-14.8%)	$2,544 (-11.5%)	1.0%	$54.36	—	AVANTIS US SMALL	025072323
SMOT	VANECK ETF TRUST	66,806 (-13.1%)	$2,444 (-11.9%)	1.0%	$34.47	—	MORNINGSTAR SMID	92189H730
XT	ISHARES TR	10,016 (-26.5%)	$705 (-28.1%)	0.3%	$59.66	—	FUTURE EXPONENTI	46434V381
DFAC	DIMENSIONAL ETF TRUST	324,951 (-1.6%)	$12,995 (+2.0%)	5.3%	$34.54	—	US CORE EQUITY 2	25434V708
SNSR	GLOBAL X FDS	27,113 (-15.0%)	$1,012 (-18.7%)	0.4%	$34.90	—	INTERNET OF THNG	37954Y780
METV	LISTED FDS TR	1,144 (-9.4%)	$754 (-18.7%)	0.3%	$734.69	—	ROUNDHILL BALL	53656F417
VOO	VANGUARD INDEX FDS	39,787 (-2.6%)	$25,169 (+0.6%)	10.3%	$538.46	—	S&P 500 ETF SHS	922908363
GOOG	ALPHABET INC	1,519 (-2.7%)	$478 (+25.7%)	0.2%	$173.52	+65.0%	CAP STK CL C	02079K107
ESPO	VANECK ETF TRUST	2,792 (-8.8%)	$291 (-21.5%)	0.1%	$83.39	—	VIDEO GMNG ESPRT	92189F114
BOTZ	GLOBAL X FDS	9,842 (-19.5%)	$362 (-16.5%)	0.1%	$31.95	—	RBTCS ARTFL INTE	37954Y715
MSFT	MICROSOFT CORP	1,417 (-3.3%)	$691 (-9.0%)	0.3%	$421.01	+18.9%	COM	594918104
SHLD	GLOBAL X FDS	4,585 (-12.2%)	$301 (-17.9%)	0.1%	$46.55	—	DEFENSE TECH ETF	37960A529
VGT	VANGUARD WORLD FD	1,794 (-6.5%)	$1,369 (-4.5%)	0.6%	$619.56	—	INF TECH ETF	92204A702
GLD	SPDR GOLD TR	1,600 (-1.8%)	$638 (+10.1%)	0.3%	$250.75	—	GOLD SHS	78463V107
IGM	ISHARES TR	5,799 (-9.1%)	$758 (-5.7%)	0.3%	$102.78	—	EXPND TEC SC ETF	464287549
IVE	ISHARES TR	1,325 (-15.5%)	$283 (-12.5%)	0.1%	$190.94	—	S&P 500 VAL ETF	464287408
IJH	ISHARES TR	4,282 (-14.0%)	$287 (-11.8%)	0.1%	$62.06	—	CORE S&P MCP ETF	464287507
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,095 (-3.2%)	$1,050 (-3.5%)	0.4%	$484.36	+2.7%	CL B NEW	084670702
MLPD	GLOBAL X FDS	3,480 (-6.5%)	$210 (-9.8%)	0.1%	$62.71	—	MLP & ENERGY INF	37960A479
ARTY	ISHARES TR	10,193 (-1.6%)	$496 (+4.5%)	0.2%	$37.07	—	FUTURE AI & TECH	46435U556
AMZN	AMAZON COM INC	4,417 (-3.7%)	$1,025 (+1.8%)	0.4%	$204.58	+11.8%	COM	023135106
EFA	ISHARES TR	5,881 (-5.4%)	$566 (-2.5%)	0.2%	$75.61	—	MSCI EAFE ETF	464287465
DE	DEERE & CO	546 (-7.8%)	$257 (-5.2%)	0.1%	$413.99	+13.0%	COM	244199105
PTNQ	PACER FDS TR	6,755 (-5.2%)	$542 (-2.0%)	0.2%	$74.03	—	TRENDPILOT 100	69374H303
IVW	ISHARES TR	4,415 (-4.3%)	$549 (-1.4%)	0.2%	$101.54	—	S&P 500 GRWT ETF	464287309

Unchanged Positions (28)

DAL DELTA AIR LINES INC DEL 3.1%

Value ($000) $7,580 Shares 109,018 Est. Cost $58.33 Unrealized +7.1%

CRWV COREWEAVE INC 0.3%

Value ($000) $648 Shares 8,654 Est. Cost $118.31 Unrealized -14.3%

AVUS AMERICAN CENTY ETF TR 5.1%

Value ($000) $12,578 Shares 111,405 Est. Cost $96.87 Unrealized —

RTX RTX CORPORATION 1.5%

Value ($000) $3,559 Shares 19,299 Est. Cost $118.27 Unrealized +46.6%

DFIC DIMENSIONAL ETF TRUST 2.2%

Value ($000) $5,286 Shares 152,962 Est. Cost $25.85 Unrealized —

VAC MARRIOTT VACATIONS WORLDWIDE 0.5%

Value ($000) $1,103 Shares 18,984 Est. Cost $86.60 Unrealized -31.8%

AAPL APPLE INC 1.0%

Value ($000) $2,390 Shares 8,728 Est. Cost $234.51 Unrealized +14.4%

ORCL ORACLE CORP 0.1%

Value ($000) $299 Shares 1,531 Est. Cost $254.17 Unrealized -6.3%

DFEM DIMENSIONAL ETF TRUST 1.5%

Value ($000) $3,584 Shares 108,371 Est. Cost $26.19 Unrealized —

IJR ISHARES TR 1.0%

Value ($000) $2,556 Shares 20,860 Est. Cost $114.85 Unrealized —

IWV ISHARES TR 1.4%

Value ($000) $3,530 Shares 9,042 Est. Cost $334.26 Unrealized —

HST HOST HOTELS & RESORTS INC 0.3%

Value ($000) $630 Shares 34,243 Est. Cost $16.58 Unrealized +2.1%

NVR NVR INC 0.2%

Value ($000) $405 Shares 55 Est. Cost $9106.63 Unrealized -17.9%

MGC VANGUARD WORLD FD 0.3%

Value ($000) $720 Shares 2,843 Est. Cost $212.69 Unrealized —

SMH VANECK ETF TRUST 0.1%

Value ($000) $247 Shares 676 Est. Cost $326.75 Unrealized —

VTI VANGUARD INDEX FDS 0.3%

Value ($000) $723 Shares 2,135 Est. Cost $291.84 Unrealized —

TNA DIREXION SHS ETF TR 0.2%

Value ($000) $477 Shares 10,022 Est. Cost $45.24 Unrealized —

ARKK ARK ETF TR 0.1%

Value ($000) $238 Shares 3,031 Est. Cost $70.48 Unrealized —

DBEF DBX ETF TR 0.3%

Value ($000) $627 Shares 13,040 Est. Cost $41.40 Unrealized —

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $319 Shares 367 Est. Cost $922.64 Unrealized -1.8%

IT GARTNER INC 0.1%

Value ($000) $335 Shares 1,321 Est. Cost $515.55 Unrealized -53.3%

QCOM QUALCOMM INC 0.1%

Value ($000) $288 Shares 1,661 Est. Cost $159.52 Unrealized +7.1%

DFIS DIMENSIONAL ETF TRUST 0.1%

Value ($000) $273 Shares 8,258 Est. Cost $24.55 Unrealized —

IWB ISHARES TR 0.1%

Value ($000) $292 Shares 774 Est. Cost $322.38 Unrealized —

IWF ISHARES TR 0.1%

Value ($000) $360 Shares 753 Est. Cost $388.74 Unrealized —

DFAU DIMENSIONAL ETF TRUST 0.1%

Value ($000) $254 Shares 5,382 Est. Cost $40.49 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $553 Shares 10,839 Est. Cost $50.71 Unrealized —

RWO SPDR INDEX SHS FDS 0.3%

Value ($000) $622 Shares 13,682 Est. Cost $42.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DAL	DELTA AIR LINES INC DEL	109,018	$7,580	3.1%	$58.33	+7.1%	COM NEW	247361702
CRWV	COREWEAVE INC	8,654	$648	0.3%	$118.31	-14.3%	COM CL A	21873S108
AVUS	AMERICAN CENTY ETF TR	111,405	$12,578	5.1%	$96.87	—	US EQT ETF	025072885
RTX	RTX CORPORATION	19,299	$3,559	1.5%	$118.27	+46.6%	COM	75513E101
DFIC	DIMENSIONAL ETF TRUST	152,962	$5,286	2.2%	$25.85	—	INTL CORE EQUITY	25434V799
VAC	MARRIOTT VACATIONS WORLDWIDE	18,984	$1,103	0.5%	$86.60	-31.8%	COM	57164Y107
AAPL	APPLE INC	8,728	$2,390	1.0%	$234.51	+14.4%	COM	037833100
ORCL	ORACLE CORP	1,531	$299	0.1%	$254.17	-6.3%	COM	68389X105
DFEM	DIMENSIONAL ETF TRUST	108,371	$3,584	1.5%	$26.19	—	EMERGING MKTS CO	25434V732
IJR	ISHARES TR	20,860	$2,556	1.0%	$114.85	—	CORE S&P SCP ETF	464287804
IWV	ISHARES TR	9,042	$3,530	1.4%	$334.26	—	RUSSELL 3000 ETF	464287689
HST	HOST HOTELS & RESORTS INC	34,243	$630	0.3%	$16.58	+2.1%	COM	44107P104
NVR	NVR INC	55	$405	0.2%	$9106.63	-17.9%	COM	62944T105
MGC	VANGUARD WORLD FD	2,843	$720	0.3%	$212.69	—	MEGA CAP INDEX	921910873
SMH	VANECK ETF TRUST	676	$247	0.1%	$326.75	—	SEMICONDUCTR ETF	92189F676
VTI	VANGUARD INDEX FDS	2,135	$723	0.3%	$291.84	—	TOTAL STK MKT	922908769
TNA	DIREXION SHS ETF TR	10,022	$477	0.2%	$45.24	—	DLY SMCAP BULL3X	25459W847
ARKK	ARK ETF TR	3,031	$238	0.1%	$70.48	—	INNOVATION ETF	00214Q104
DBEF	DBX ETF TR	13,040	$627	0.3%	$41.40	—	XTRACK MSCI EAFE	233051200
COST	COSTCO WHSL CORP NEW	367	$319	0.1%	$922.64	-1.8%	COM	22160K105
IT	GARTNER INC	1,321	$335	0.1%	$515.55	-53.3%	COM	366651107
QCOM	QUALCOMM INC	1,661	$288	0.1%	$159.52	+7.1%	COM	747525103
DFIS	DIMENSIONAL ETF TRUST	8,258	$273	0.1%	$24.55	—	INTL SMALL CAP E	25434V773
IWB	ISHARES TR	774	$292	0.1%	$322.38	—	RUS 1000 ETF	464287622
IWF	ISHARES TR	753	$360	0.1%	$388.74	—	RUS 1000 GRW ETF	464287614
DFAU	DIMENSIONAL ETF TRUST	5,382	$254	0.1%	$40.49	—	US CORE EQT MKT	25434V104
JMST	J P MORGAN EXCHANGE TRADED F	10,839	$553	0.2%	$50.71	—	ULTRA SHT MUNCPL	46641Q654
RWO	SPDR INDEX SHS FDS	13,682	$622	0.3%	$42.89	—	DJ GLB RL ES ETF	78463X749