| SPDR S&P 500 (SPY) | $2.6B | 16.26% | 3,500,840 | -768,717 | Trimmed |
| NVIDIA Corp. (NVDA) | $763.8M | 4.75% | 3,826,639 | -1,015,577 | Trimmed |
| Apple Inc. (AAPL) | $631.2M | 3.93% | 2,183,517 | +96,336 | Added |
| Microsoft Corp. (MSFT) | $550.7M | 3.43% | 1,477,964 | +60,128 | Added |
| iShares Core S&P 500 ETF (IVV) | $474.3M | 2.95% | 530,459 | +239,461 | Added |
| Alphabet Inc. (GOOGL) | $468.3M | 2.92% | 1,312,096 | +46,018 | Added |
| Amazon.com Inc. (AMZN) | $404.6M | 2.52% | 1,695,730 | +128,188 | Added |
| Broadcom Inc. (AVGO) | $364.6M | 2.27% | 965,878 | -55,050 | Trimmed |
| Micron Technology Inc. (MU) | $339.5M | 2.11% | 294,483 | -20,726 | Trimmed |
| SPDR Ser Trust (BIL) | $334.3M | 2.08% | 3,645,961 | +81,603 | Added |
| Meta Platforms, Inc. (META) | $269.8M | 1.68% | 480,636 | -67,636 | Trimmed |
| Advanced Micro Devices Inc. (AMD) | $236.0M | 1.47% | 408,672 | +98,803 | Added |
| Alphabet Inc. (GOOG) | $235.5M | 1.47% | 666,578 | -14,849 | Trimmed |
| Lam Research Corp. (LRCX) | $166.8M | 1.04% | 385,338 | +5,576 | Added |
| iShares (SHV) | $159.5M | 0.99% | 1,444,594 | +11,705 | Added |
| Vanguard Short-Term Corp. BD Idx (VCSH) | $154.7M | 0.96% | 1,954,548 | -241,178 | Trimmed |
| KLA Corp. (KLAC) | $148.4M | 0.92% | 493,144 | +4,974 | Added |
| Applied Materials Inc. (AMAT) | $141.6M | 0.88% | 195,905 | +1,912 | Added |
| Polestar Automotive Hldg UK (PSNY) | $133.7M | 0.83% | 7,755,946 | 0 | Held |
| iShares Trust (SOXX) | $118.7M | 0.74% | 186,620 | +65,256 | Added |
| Visa Inc. (V) | $117.8M | 0.73% | 343,572 | -14,954 | Trimmed |
| Sandisk Corp. (SNDK) | $115.9M | 0.72% | 52,331 | +35,746 | Added |
| Invesco QQQ Trust (QQQ) | $112.7M | 0.70% | 153,390 | +54,389 | Added |
| Financial Select Sector SPDR ETF (XLF) | $112.0M | 0.70% | 2,091,321 | +2,043,059 | Added |
| Eli Lilly & Co. (LLY) | $109.3M | 0.68% | 91,229 | -8,846 | Trimmed |
| Netflix Inc. (NFLX) | $105.5M | 0.66% | 1,470,897 | +89,377 | Added |
| iShares Trust (ACWI) | $105.4M | 0.66% | 672,938 | -6,717 | Trimmed |
| Cisco Systems, Inc. (CSCO) | $101.6M | 0.63% | 865,221 | -27,483 | Trimmed |
| Intel Corp. (INTC) | $92.2M | 0.57% | 662,615 | -446,510 | Trimmed |
| Corning Inc. (GLW) | $83.3M | 0.52% | 326,436 | -97,213 | Trimmed |
| Mastercard Inc. (MA) | $81.4M | 0.51% | 158,739 | -5,493 | Trimmed |
| iShares Silver Trust (SLV) | $80.7M | 0.50% | 1,501,060 | +33,501 | Added |
| Walmart Inc. (WMT) | $80.7M | 0.50% | 712,555 | +32,441 | Added |
| AbbVie Inc. (ABBV) | $80.4M | 0.50% | 319,602 | -16,727 | Trimmed |
| iShares Trust (IEI) | $78.3M | 0.49% | 667,283 | +137,411 | Added |
| Walt Disney Co. (DIS) | $76.7M | 0.48% | 796,318 | +41,683 | Added |
| Select Sector SPDR Trust (XLV) | $70.6M | 0.44% | 445,151 | +413,951 | Added |
| iShares Inc. (EWT) | $70.3M | 0.44% | 648,931 | +467,769 | Added |
| Abrdn Silver ETF Trust (SIVR) | $66.9M | 0.42% | 1,182,000 | -139,475 | Trimmed |
| Analog Devices Inc. (ADI) | $66.1M | 0.41% | 166,535 | +10,135 | Added |
| Western Digital Corp. (WDC) | $59.8M | 0.37% | 93,524 | +5,062 | Added |
| Arista Networks, Inc. (ANET) | $59.0M | 0.37% | 347,199 | -12,231 | Trimmed |
| iShares Trust (INDA) | $57.8M | 0.36% | 1,171,427 | +887,336 | Added |
| Marvell Technology, Inc. (MRVL) | $57.4M | 0.36% | 193,664 | -3,155 | Trimmed |
| iShares Inc. (EWI) | $57.2M | 0.36% | 967,869 | +967,869 | New position |
| MercadoLibre, Inc. (MELI) | $57.1M | 0.36% | 33,794 | +3,786 | Added |
| Berkshire Hathaway Inc. Class B (BRKB) | $56.6M | 0.35% | 113,154 | -2,669 | Trimmed |
| Alibaba Group Holding Limited (BABA) | $56.0M | 0.35% | 585,700 | +167,397 | Added |
| JPMorgan Chase & Co. (JPM) | $55.9M | 0.35% | 170,877 | -90,277 | Trimmed |
| Qualcomm Inc. (QCOM) | $54.2M | 0.34% | 292,454 | +19,755 | Added |
| Oracle Corp. (ORCL) | $53.9M | 0.34% | 368,808 | -6,016 | Trimmed |
| Citigroup Inc. (C) | $53.3M | 0.33% | 380,351 | -6,741 | Trimmed |
| Bank of America Corp. (BAC) | $52.0M | 0.32% | 914,224 | -52,027 | Trimmed |
| Coinbase Global, Inc. (COIN) | $48.8M | 0.30% | 335,217 | -53,595 | Trimmed |
| Merck & Co., Inc. (MRK) | $47.5M | 0.30% | 369,659 | -37,610 | Trimmed |
| NextEra Energy Inc. (NEE) | $46.5M | 0.29% | 530,556 | +107,014 | Added |
| iShares Trust (AGG) | $46.2M | 0.29% | 466,853 | +111,669 | Added |
| Gilead Sciences, Inc. (GILD) | $45.9M | 0.28% | 363,083 | -5,483 | Trimmed |
| SPDR Gold Trust (GLD) | $44.2M | 0.28% | 119,549 | -350,384 | Trimmed |
| Constellation Energy Corp. (CEG) | $44.2M | 0.28% | 177,826 | +57,027 | Added |
| Texas Instruments Inc. (TXN) | $43.5M | 0.27% | 146,450 | -1,435 | Trimmed |
| iShares Trust (MCHI) | $43.3M | 0.27% | 850,545 | +444,978 | Added |
| Uber Technologies, Inc. (UBER) | $43.2M | 0.27% | 592,062 | +182,397 | Added |
| Booking Holdings Inc. (BKNG) | $43.0M | 0.27% | 241,064 | +1,289 | Added |
| Goldman Sachs Group Inc. (GS) | $42.9M | 0.27% | 42,427 | -24,608 | Trimmed |
| Palantir Technologies Inc. (PLTR) | $42.3M | 0.26% | 362,640 | -386,688 | Trimmed |
| Salesforce, Inc. (CRM) | $41.8M | 0.26% | 267,668 | +74,601 | Added |
| Palo Alto Networks Inc. (PANW) | $40.9M | 0.25% | 120,322 | -17,726 | Trimmed |
| AppLovin Corp. (APP) | $40.2M | 0.25% | 78,217 | -2,487 | Trimmed |
| J P Morgan Exchange Traded F (BBUS) | $39.2M | 0.24% | 291,360 | -812 | Trimmed |
| General Motors Co. (GM) | $38.1M | 0.24% | 495,010 | +194,853 | Added |
| International Business Machines Corp. (IBM) | $37.8M | 0.23% | 134,582 | -115,602 | Trimmed |
| Tesla, Inc. (TSLA) | $37.1M | 0.23% | 88,539 | -68,003 | Trimmed |
| iShares Trust (SHY) | $36.9M | 0.23% | 449,563 | +117,395 | Added |
| Fortinet, Inc. (FTNT) | $36.5M | 0.23% | 237,530 | +3,498 | Added |
| iShares Russell 2000 ETF (IWM) | $36.0M | 0.22% | 120,026 | +34,938 | Added |
| UnitedHealth Group Inc. (UNH) | $34.6M | 0.21% | 83,112 | -741 | Trimmed |
| Amgen Inc. (AMGN) | $34.1M | 0.21% | 94,325 | -891 | Trimmed |
| TJX Companies Inc. (TJX) | $33.7M | 0.21% | 222,406 | -289 | Trimmed |
| iShares Inc. (EWZ) | $33.6M | 0.21% | 975,646 | -1,371,954 | Trimmed |
| Vanguard World FD (VCEB) | $33.4M | 0.21% | 531,946 | +12,362 | Added |
| Amphenol Corp. (APH) | $33.4M | 0.21% | 189,827 | -19,942 | Trimmed |
| Vanguard Intl Equity Index F (VT) | $32.9M | 0.20% | 209,500 | -32,500 | Trimmed |
| iShares Inc. (EWY) | $32.7M | 0.20% | 162,592 | -50,286 | Trimmed |
| CrowdStrike Holdings, Inc. (CRWD) | $31.3M | 0.20% | 41,113 | -23,321 | Trimmed |
| Morgan Stanley (MS) | $31.2M | 0.19% | 149,260 | -14,044 | Trimmed |
| Nike, Inc. (NKE) | $30.6M | 0.19% | 744,119 | +582,196 | Added |
| iShares Trust (TLT) | $30.4M | 0.19% | 352,426 | +21,984 | Added |
| Thermo Fisher Scientific Inc. (TMO) | $30.1M | 0.19% | 60,102 | +1,643 | Added |
| Newmont Corp. (NEM) | $29.7M | 0.18% | 318,336 | +32,596 | Added |
| CVS Health Corp. (CVS) | $29.3M | 0.18% | 283,446 | -3,522 | Trimmed |
| Bristol-Myers Squibb Co. (BMY) | $29.3M | 0.18% | 507,605 | -35,686 | Trimmed |
| Vanguard Intl Equity Index F (VGK) | $29.2M | 0.18% | 330,185 | -50,642 | Trimmed |
| U.S. Bancorp (USB) | $29.2M | 0.18% | 482,832 | +53,228 | Added |
| Wells Fargo & Company (WFC) | $29.1M | 0.18% | 352,680 | -418,411 | Trimmed |
| Verizon Communications Inc. (VZ) | $29.0M | 0.18% | 684,709 | -14,631 | Trimmed |
| Adobe Inc. (ADBE) | $28.8M | 0.18% | 141,071 | +12,470 | Added |
| Bank of New York Mellon Corp. (BNY) | $28.7M | 0.18% | 198,356 | +1,332 | Added |
| American Express Co. (AXP) | $28.6M | 0.18% | 84,722 | -17,376 | Trimmed |
| Pfizer Inc. (PFE) | $28.4M | 0.18% | 1,178,232 | +1,117 | Held |