| NVIDIA Corp. (NVDA) | $1.5B | 5.10% | 7,464,340 | -842,196 | Trimmed |
| Apple Inc. (AAPL) | $1.4B | 4.69% | 4,747,977 | -276,697 | Trimmed |
| iShares Core MSCI Emerging Mark (IEMG) | $1.0B | 3.52% | 12,458,692 | 0 | Held |
| Microsoft Corp. (MSFT) | $851.2M | 2.90% | 2,281,931 | -130,631 | Trimmed |
| Vanguard Real Estate ETF (VNQ) | $829.2M | 2.83% | 8,598,869 | 0 | Held |
| Amazon.com Inc. (AMZN) | $746.3M | 2.55% | 3,131,198 | -159,128 | Trimmed |
| Alphabet Inc. (GOOGL) | $672.6M | 2.30% | 1,882,196 | -103,865 | Trimmed |
| VG Totl STK Vprs (VTI) | $666.1M | 2.27% | 1,800,000 | +1,800,000 | New position |
| Broadcom Inc. (AVGO) | $549.4M | 1.88% | 1,454,369 | -85,446 | Trimmed |
| Alphabet Inc. (GOOG) | $528.3M | 1.80% | 1,495,111 | -173,271 | Trimmed |
| Micron Technology Inc. (MU) | $420.9M | 1.44% | 364,643 | -20,332 | Trimmed |
| Meta Platforms, Inc. (META) | $400.1M | 1.37% | 710,344 | -34,283 | Trimmed |
| Tesla, Inc. (TSLA) | $382.9M | 1.31% | 910,397 | -56,212 | Trimmed |
| iShares Trust (REET) | $325.6M | 1.11% | 11,787,000 | 0 | Held |
| Eli Lilly & Co. (LLY) | $311.5M | 1.06% | 259,674 | -14,954 | Trimmed |
| Advanced Micro Devices Inc. (AMD) | $306.2M | 1.04% | 527,156 | -29,841 | Trimmed |
| iShares Trust (SCZ) | $304.6M | 1.04% | 3,702,826 | 0 | Held |
| JPMorgan Chase & Co. (JPM) | $284.3M | 0.97% | 868,483 | -66,198 | Trimmed |
| iShares Trust (INDA) | $279.4M | 0.95% | 5,656,487 | 0 | Held |
| Vanguard Intl Equity Index F (VSS) | $233.4M | 0.80% | 1,512,875 | 0 | Held |
| Berkshire Hathaway Inc. Class B (BRKB) | $226.0M | 0.77% | 451,599 | -21,759 | Trimmed |
| Intel Corp. (INTC) | $198.4M | 0.68% | 1,420,564 | -125,975 | Trimmed |
| Johnson & Johnson (JNJ) | $197.8M | 0.68% | 778,805 | -44,589 | Trimmed |
| iShares Trust (USIG) | $194.9M | 0.67% | 3,800,000 | +3,800,000 | New position |
| Visa Inc. (V) | $186.9M | 0.64% | 544,663 | -33,972 | Trimmed |
| Applied Materials Inc. (AMAT) | $185.5M | 0.63% | 256,607 | -16,132 | Trimmed |
| ExxonMobil Holdings Corp. (XOM) | $184.2M | 0.63% | 1,346,979 | -100,542 | Trimmed |
| Lam Research Corp. (LRCX) | $175.0M | 0.60% | 403,780 | -29,327 | Trimmed |
| Walmart Inc. (WMT) | $161.2M | 0.55% | 1,423,259 | -89,541 | Trimmed |
| Caterpillar Inc. (CAT) | $160.2M | 0.55% | 150,411 | -10,557 | Trimmed |
| iShares Trust (LQD) | $159.4M | 0.54% | 1,460,991 | +1,050,000 | Added |
| Cisco Systems, Inc. (CSCO) | $150.0M | 0.51% | 1,277,165 | -75,719 | Trimmed |
| AbbVie Inc. (ABBV) | $143.9M | 0.49% | 571,914 | -32,102 | Trimmed |
| Mastercard Inc. (MA) | $136.1M | 0.47% | 265,026 | -26,041 | Trimmed |
| Costco Wholesale Corp. (COST) | $134.3M | 0.46% | 143,514 | -8,765 | Trimmed |
| KLA Corp. (KLAC) | $127.9M | 0.44% | 423,830 | -28,540 | Trimmed |
| General Electric Co. (GE) | $126.3M | 0.43% | 337,905 | -24,546 | Trimmed |
| Bank of America Corp. (BAC) | $125.2M | 0.43% | 2,197,574 | -160,108 | Trimmed |
| UnitedHealth Group Inc. (UNH) | $122.1M | 0.42% | 293,891 | -15,219 | Trimmed |
| iShares Russell 2000 ETF (IWM) | $120.9M | 0.41% | 402,418 | 0 | Held |
| PIMCO ETF Trust (PYLD) | $119.3M | 0.41% | 4,500,000 | +2,250,000 | Added |
| Welltower Inc. (WELL) | $117.8M | 0.40% | 519,093 | -6,107 | Trimmed |
| Home Depot, Inc. (HD) | $113.8M | 0.39% | 322,690 | -19,342 | Trimmed |
| Procter & Gamble Co. (PG) | $111.3M | 0.38% | 758,740 | -47,126 | Trimmed |
| Sandisk Corp. (SNDK) | $105.9M | 0.36% | 46,580 | -1,126 | Trimmed |
| Merck & Co., Inc. (MRK) | $102.7M | 0.35% | 799,427 | -48,822 | Trimmed |
| GE Vernova Inc. (GEV) | $102.4M | 0.35% | 87,186 | -5,991 | Trimmed |
| Coca-Cola Co. (KO) | $102.2M | 0.35% | 1,257,791 | -151,028 | Trimmed |
| Prologis, Inc. (PLD) | $99.5M | 0.34% | 734,348 | -11,562 | Trimmed |
| Chevron Corp. (CVX) | $99.4M | 0.34% | 599,853 | -56,988 | Trimmed |
| Netflix Inc. (NFLX) | $97.3M | 0.33% | 1,362,724 | -89,218 | Trimmed |
| Goldman Sachs Group Inc. (GS) | $96.7M | 0.33% | 95,646 | -7,682 | Trimmed |
| Philip Morris International Inc. (PM) | $91.3M | 0.31% | 504,782 | -29,674 | Trimmed |
| Palo Alto Networks Inc. (PANW) | $89.5M | 0.31% | 262,586 | -14,113 | Trimmed |
| Texas Instruments Inc. (TXN) | $87.7M | 0.30% | 294,391 | -16,176 | Trimmed |
| iShares Trust (IGEB) | $86.7M | 0.30% | 1,921,932 | 0 | Held |
| International Business Machines Corp. (IBM) | $85.2M | 0.29% | 303,016 | -16,436 | Trimmed |
| iShares Trust (QLTA) | $83.2M | 0.28% | 1,750,000 | +1,400,000 | Added |
| RTX Corp. (RTX) | $82.7M | 0.28% | 435,841 | -22,224 | Trimmed |
| Palantir Technologies Inc. (PLTR) | $82.1M | 0.28% | 704,071 | -77,247 | Trimmed |
| Marvell Technology, Inc. (MRVL) | $82.1M | 0.28% | 275,680 | -15,881 | Trimmed |
| Oracle Corp. (ORCL) | $81.9M | 0.28% | 558,886 | -30,561 | Trimmed |
| Wells Fargo & Company (WFC) | $81.6M | 0.28% | 987,590 | -90,924 | Trimmed |
| Equinix Inc. (EQIX) | $81.1M | 0.28% | 77,815 | -1,634 | Trimmed |
| Morgan Stanley (MS) | $80.5M | 0.28% | 385,210 | -26,051 | Trimmed |
| Linde plc (LIN) | $77.8M | 0.27% | 149,851 | -9,689 | Trimmed |
| Citigroup Inc. (C) | $77.2M | 0.26% | 551,335 | -64,610 | Trimmed |
| Pgim ETF Trust (PHYL) | $75.9M | 0.26% | 2,175,000 | 0 | Held |
| SPDR Ser Trust (SPIB) | $75.5M | 0.26% | 2,255,766 | +900,000 | Added |
| Western Digital Corp. (WDC) | $71.7M | 0.24% | 112,233 | -5,256 | Trimmed |
| Amphenol Corp. (APH) | $70.2M | 0.24% | 398,395 | -22,339 | Trimmed |
| Seagate Technology Holdings plc (STX) | $68.2M | 0.23% | 70,708 | -3,847 | Trimmed |
| iShares Trust (MBB) | $66.2M | 0.23% | 700,000 | +250,000 | Added |
| Corning Inc. (GLW) | $65.7M | 0.22% | 257,070 | -22,911 | Trimmed |
| HDFC Bank Limited (HDB) | $65.2M | 0.22% | 2,523,596 | -48,908 | Trimmed |
| Qualcomm Inc. (QCOM) | $63.8M | 0.22% | 345,005 | -19,444 | Trimmed |
| Amgen Inc. (AMGN) | $63.1M | 0.21% | 174,303 | -9,727 | Trimmed |
| Analog Devices Inc. (ADI) | $62.7M | 0.21% | 157,857 | -9,334 | Trimmed |
| McDonald's Corp. (MCD) | $62.2M | 0.21% | 229,962 | -14,040 | Trimmed |
| CrowdStrike Holdings, Inc. (CRWD) | $61.1M | 0.21% | 80,004 | -5,743 | Trimmed |
| Thermo Fisher Scientific Inc. (TMO) | $60.4M | 0.21% | 120,401 | -8,834 | Trimmed |
| PepsiCo Inc. (PEP) | $60.1M | 0.20% | 444,006 | -27,062 | Trimmed |
| Credicorp Ltd (BAP) | $59.5M | 0.20% | 152,700 | +6,402 | Added |
| NextEra Energy Inc. (NEE) | $59.4M | 0.20% | 677,001 | -31,214 | Trimmed |
| Arista Networks, Inc. (ANET) | $58.7M | 0.20% | 345,347 | -22,402 | Trimmed |
| American Express Co. (AXP) | $58.1M | 0.20% | 171,886 | -18,164 | Trimmed |
| Verizon Communications Inc. (VZ) | $57.3M | 0.20% | 1,353,700 | -81,253 | Trimmed |
| Simon Property Group Inc. (SPG) | $56.6M | 0.19% | 252,860 | -3,627 | Trimmed |
| Walt Disney Co. (DIS) | $55.2M | 0.19% | 573,872 | -37,292 | Trimmed |
| TJX Companies Inc. (TJX) | $54.4M | 0.19% | 358,786 | -19,121 | Trimmed |
| Eaton Corp. plc (ETN) | $53.6M | 0.18% | 125,773 | -8,419 | Trimmed |
| Boeing Co. (BA) | $52.3M | 0.18% | 241,778 | -27,478 | Trimmed |
| Union Pacific Corp. (UNP) | $52.3M | 0.18% | 192,382 | -11,151 | Trimmed |
| Abbott Laboratories (ABT) | $51.0M | 0.17% | 562,120 | -33,757 | Trimmed |
| Gilead Sciences, Inc. (GILD) | $50.7M | 0.17% | 401,339 | -22,672 | Trimmed |
| Digital Realty Trust, Inc. (DLR) | $50.7M | 0.17% | 282,164 | -4,520 | Trimmed |
| MercadoLibre, Inc. (MELI) | $49.9M | 0.17% | 29,422 | -723 | Trimmed |
| Deere & Co. (DE) | $49.7M | 0.17% | 78,400 | -10,231 | Trimmed |
| Charles Schwab Corp. (SCHW) | $49.7M | 0.17% | 538,971 | -41,671 | Trimmed |
| AT&T Inc. (T) | $46.8M | 0.16% | 2,262,196 | -168,421 | Trimmed |