| DBX ETF Trust (USCA) | $2.5B | 17.03% | 57,515,806 | +4,756,878 | Added |
| iShares Trust (USCL) | $2.5B | 17.02% | 30,263,123 | +2,570,367 | Added |
| NVIDIA Corp. (NVDA) | $634.7M | 4.29% | 3,171,944 | -15,120 | Trimmed |
| Apple Inc. (AAPL) | $583.4M | 3.94% | 2,016,311 | +129,798 | Added |
| iShares Broad Usd High Yld Corp. (USHY) | $522.4M | 3.53% | 14,110,000 | +30,000 | Added |
| Alphabet Inc. (GOOGL) | $505.9M | 3.42% | 1,415,721 | +41,426 | Added |
| SPDR Ser Trust (SPHY) | $491.1M | 3.32% | 20,950,000 | +500,000 | Added |
| Microsoft Corp. (MSFT) | $360.2M | 2.43% | 965,714 | +26,339 | Added |
| Amazon.com Inc. (AMZN) | $302.7M | 2.04% | 1,270,000 | -36,000 | Trimmed |
| Broadcom Inc. (AVGO) | $221.6M | 1.50% | 586,503 | +38,083 | Added |
| iShares Trust (IYR) | $201.4M | 1.36% | 1,970,051 | +349,144 | Added |
| Micron Technology Inc. (MU) | $185.6M | 1.25% | 160,806 | +6,254 | Added |
| Meta Platforms, Inc. (META) | $170.1M | 1.15% | 301,887 | +21,012 | Added |
| Tesla, Inc. (TSLA) | $151.8M | 1.02% | 361,000 | -14,500 | Trimmed |
| JPMorgan Chase & Co. (JPM) | $130.6M | 0.88% | 399,018 | +12,613 | Added |
| Eli Lilly & Co. (LLY) | $127.5M | 0.86% | 106,300 | +4,000 | Added |
| Advanced Micro Devices Inc. (AMD) | $126.5M | 0.85% | 217,777 | +14,653 | Added |
| iShares Trust (EEM) | $105.5M | 0.71% | 1,542,754 | 0 | Held |
| Visa Inc. (V) | $95.4M | 0.64% | 278,077 | +25,656 | Added |
| Berkshire Hathaway Inc. Class B (BRKB) | $94.5M | 0.64% | 188,840 | -8,500 | Trimmed |
| Intel Corp. (INTC) | $82.7M | 0.56% | 591,958 | +23,061 | Added |
| Applied Materials Inc. (AMAT) | $82.5M | 0.56% | 114,103 | +13,537 | Added |
| Johnson & Johnson (JNJ) | $80.1M | 0.54% | 315,500 | +14,400 | Added |
| Lam Research Corp. (LRCX) | $75.9M | 0.51% | 175,225 | +18,902 | Added |
| ExxonMobil Holdings Corp. (XOM) | $74.2M | 0.50% | 543,000 | -57,000 | Trimmed |
| Mastercard Inc. (MA) | $70.9M | 0.48% | 138,011 | 0 | Held |
| Caterpillar Inc. (CAT) | $69.8M | 0.47% | 65,500 | -3,300 | Trimmed |
| Walmart Inc. (WMT) | $68.5M | 0.46% | 604,535 | -17,000 | Trimmed |
| Costco Wholesale Corp. (COST) | $59.8M | 0.40% | 63,885 | -2,100 | Trimmed |
| Bank of America Corp. (BAC) | $59.4M | 0.40% | 1,042,857 | -98,712 | Trimmed |
| KLA Corp. (KLAC) | $59.1M | 0.40% | 196,011 | +33,131 | Added |
| Cisco Systems, Inc. (CSCO) | $58.1M | 0.39% | 494,225 | +85,922 | Added |
| AbbVie Inc. (ABBV) | $57.5M | 0.39% | 228,400 | +8,900 | Added |
| General Electric Co. (GE) | $55.1M | 0.37% | 147,500 | -7,500 | Trimmed |
| Coca-Cola Co. (KO) | $53.8M | 0.36% | 662,227 | -170,000 | Trimmed |
| UnitedHealth Group Inc. (UNH) | $53.7M | 0.36% | 129,300 | 0 | Held |
| Merck & Co., Inc. (MRK) | $47.1M | 0.32% | 366,500 | 0 | Held |
| Home Depot, Inc. (HD) | $45.8M | 0.31% | 130,000 | -4,000 | Trimmed |
| GE Vernova Inc. (GEV) | $44.5M | 0.30% | 37,900 | -2,100 | Trimmed |
| Netflix Inc. (NFLX) | $44.1M | 0.30% | 617,037 | +33,860 | Added |
| Morgan Stanley (MS) | $39.9M | 0.27% | 191,034 | +7,050 | Added |
| Procter & Gamble Co. (PG) | $38.4M | 0.26% | 262,155 | +90,000 | Added |
| Texas Instruments Inc. (TXN) | $37.8M | 0.26% | 126,740 | +35,379 | Added |
| Palo Alto Networks Inc. (PANW) | $37.0M | 0.25% | 108,570 | -1,067 | Trimmed |
| Western Digital Corp. (WDC) | $35.5M | 0.24% | 55,621 | -11,154 | Trimmed |
| Marvell Technology, Inc. (MRVL) | $34.2M | 0.23% | 114,925 | +9,566 | Added |
| Amphenol Corp. (APH) | $34.2M | 0.23% | 193,718 | +7,560 | Added |
| Charles Schwab Corp. (SCHW) | $33.8M | 0.23% | 366,441 | 0 | Held |
| Chevron Corp. (CVX) | $33.6M | 0.23% | 203,000 | +203,000 | New position |
| Linde plc (LIN) | $33.5M | 0.23% | 64,600 | +8,100 | Added |
| Oracle Corp. (ORCL) | $32.8M | 0.22% | 223,762 | 0 | Held |
| Palantir Technologies Inc. (PLTR) | $32.6M | 0.22% | 279,781 | +60,632 | Added |
| Seagate Technology Holdings plc (STX) | $31.3M | 0.21% | 32,384 | -5,332 | Trimmed |
| International Business Machines Corp. (IBM) | $30.9M | 0.21% | 109,736 | +15,297 | Added |
| Analog Devices Inc. (ADI) | $29.6M | 0.20% | 74,477 | +13,291 | Added |
| Thermo Fisher Scientific Inc. (TMO) | $27.7M | 0.19% | 55,300 | 0 | Held |
| Amgen Inc. (AMGN) | $27.5M | 0.18% | 75,832 | 0 | Held |
| TJX Companies Inc. (TJX) | $27.3M | 0.18% | 180,000 | +19,500 | Added |
| Marsh & McLennan Companies, Inc. (MRSH) | $27.2M | 0.18% | 163,003 | +45,000 | Added |
| Arista Networks, Inc. (ANET) | $27.0M | 0.18% | 158,860 | +25,476 | Added |
| Qualcomm Inc. (QCOM) | $26.7M | 0.18% | 144,593 | +13,130 | Added |
| Eaton Corp. plc (ETN) | $26.2M | 0.18% | 61,515 | -2,800 | Trimmed |
| Goldman Sachs Group Inc. (GS) | $26.0M | 0.18% | 25,707 | -3,802 | Trimmed |
| BlackRock, Inc. (BLK) | $25.9M | 0.17% | 26,897 | -7,647 | Trimmed |
| Deere & Co. (DE) | $25.6M | 0.17% | 40,373 | -6,100 | Trimmed |
| Corning Inc. (GLW) | $25.5M | 0.17% | 99,995 | 0 | Held |
| Gilead Sciences, Inc. (GILD) | $25.0M | 0.17% | 198,000 | 0 | Held |
| Union Pacific Corp. (UNP) | $24.4M | 0.17% | 89,612 | -17,000 | Trimmed |
| Wells Fargo & Company (WFC) | $23.5M | 0.16% | 284,085 | 0 | Held |
| McDonald's Corp. (MCD) | $23.1M | 0.16% | 85,500 | -10,000 | Trimmed |
| Aflac Inc. (AFL) | $23.0M | 0.15% | 196,292 | 0 | Held |
| CrowdStrike Holdings, Inc. (CRWD) | $22.9M | 0.15% | 30,070 | +2,236 | Added |
| Chubb Ltd. (CB) | $22.7M | 0.15% | 66,628 | 0 | Held |
| Verizon Communications Inc. (VZ) | $22.5M | 0.15% | 531,751 | +45,500 | Added |
| Spotify Technology S.A. (SPOT) | $22.5M | 0.15% | 48,898 | +569 | Added |
| Citigroup Inc. (C) | $22.3M | 0.15% | 159,625 | -55,049 | Trimmed |
| Intuitive Surgical Inc. (ISRG) | $21.8M | 0.15% | 54,800 | 0 | Held |
| Walt Disney Co. (DIS) | $21.6M | 0.15% | 224,221 | +5,570 | Added |
| Bank of New York Mellon Corp. (BNY) | $20.6M | 0.14% | 142,239 | -32,761 | Trimmed |
| Boeing Co. (BA) | $20.6M | 0.14% | 95,000 | +95,000 | New position |
| Salesforce, Inc. (CRM) | $19.9M | 0.13% | 127,068 | -34,023 | Trimmed |
| Parker-Hannifin Corp. (PH) | $19.6M | 0.13% | 20,046 | -2,500 | Trimmed |
| Uber Technologies, Inc. (UBER) | $19.2M | 0.13% | 266,075 | +20,834 | Added |
| Abbott Laboratories (ABT) | $19.2M | 0.13% | 211,500 | 0 | Held |
| Ameriprise Financial Inc. (AMP) | $19.1M | 0.13% | 41,551 | 0 | Held |
| Danaher Corp. (DHR) | $19.0M | 0.13% | 99,500 | 0 | Held |
| AppLovin Corp. (APP) | $18.9M | 0.13% | 36,734 | -9,323 | Trimmed |
| American Express Co. (AXP) | $18.7M | 0.13% | 55,279 | 0 | Held |
| Colgate-Palmolive Co. (CL) | $18.3M | 0.12% | 200,000 | -55,000 | Trimmed |
| Trane Technologies plc (TT) | $18.1M | 0.12% | 36,920 | 0 | Held |
| O'Reilly Automotive, Inc. (ORLY) | $18.0M | 0.12% | 195,000 | +101,500 | Added |
| Monster Beverage Corp. (MNST) | $17.9M | 0.12% | 186,580 | -25,000 | Trimmed |
| AT&T Inc. (T) | $17.4M | 0.12% | 841,276 | +19,853 | Added |
| Arthur J. Gallagher & Co. (AJG) | $17.1M | 0.12% | 74,414 | +26,314 | Added |
| Vertiv Holdings Co. (VRT) | $16.9M | 0.11% | 50,500 | -7,500 | Trimmed |
| Dell Technologies Inc. (DELL) | $16.8M | 0.11% | 39,006 | -99 | Trimmed |
| Honeywell International Inc. (HON) | $16.8M | 0.11% | 75,000 | +75,000 | New position |
| Vertex Pharmaceuticals Inc. (VRTX) | $16.8M | 0.11% | 33,800 | 0 | Held |
| ConocoPhillips (COP) | $16.7M | 0.11% | 161,000 | -19,000 | Trimmed |
| Marriott International Inc. (MAR) | $16.7M | 0.11% | 45,000 | -8,000 | Trimmed |