Q4 2025 · 13F-HR
L & S Advisors Incholdings as filed
Filed 2026-02-05 · accession 0001104659-26-010918
$1.08B
Reported value
370
Positions
2025-12-31
Period end
The Brief · L & S Advisors Inc · Q4 2025
AI · grounded in 13F
L & S Advisors Inc closed its position in DLR for a reduction of $12.47M. The fund also exited positions in ORACLE CORP and BX, both totaling over $12.3M in sells. On the buy side, the fund established new positions in LRCX for $9.46M and AA for $7.88M. Additionally, the fund accumulated shares of MERCK & CO INC, increasing its position by 557.6%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 037833100 | AAPL | APPLE INC | $33.8M | 3.13% | 124,399 | Common | NONE |
| 67066g104 | — | NVIDIA CORP | $28.0M | 2.59% | 150,349 | Common | NONE |
| 02079k305 | — | ALPHABET INC A | $27.6M | 2.55% | 88,057 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORPORATION | $21.0M | 1.94% | 43,374 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM INC | $20.2M | 1.86% | 87,403 | Common | NONE |
| 30303m102 | — | META PLATFORMS INC | $20.1M | 1.86% | 30,445 | Common | NONE |
| 38141g104 | — | GOLDMAN SACHS | $19.5M | 1.80% | 22,207 | Common | NONE |
| 46625h100 | — | JPMORGAN CHASE & CO | $19.5M | 1.80% | 60,431 | Common | NONE |
| 78462f103 | — | SPDR S&P 500 ETF | $19.2M | 1.77% | 28,161 | Common | NONE |
| 060505104 | BAC | BANK OF AMERICA CORP | $17.6M | 1.63% | 320,374 | Common | NONE |
| 172967424 | C | CITIGROUP INC | $16.6M | 1.54% | 142,653 | Common | NONE |
| 532457108 | LLY | ELI LILLY & COMPANY | $15.9M | 1.46% | 14,751 | Common | NONE |
| 857477103 | STT | STATE STREET CORP | $15.4M | 1.43% | 119,699 | Common | NONE |
| 78467x109 | — | DJ INDUSTRIAL ETF | $14.7M | 1.36% | 30,623 | Common | NONE |
| 78463v107 | — | SPDR GOLD SHARES ETF | $14.2M | 1.31% | 35,752 | Common | NONE |
| 064058100 | BK | BANK NEW YORK MELLON | $14.0M | 1.30% | 120,993 | Common | NONE |
| 11135F101 | AVGO | BROADCOM LIMITED | $13.8M | 1.27% | 39,758 | Common | NONE |
| 58933y105 | — | MERCK & CO INC | $12.7M | 1.18% | 120,990 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $11.7M | 1.08% | 56,602 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR | $11.4M | 1.05% | 37,520 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $11.1M | 1.02% | 38,757 | Common | NONE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $9.8M | 0.91% | 56,934 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $9.5M | 0.87% | 55,266 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $9.2M | 0.85% | 28,885 | Common | NONE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $9.2M | 0.85% | 23,627 | Common | NONE |
| 931142103 | WMT | WAL-MART STORES INC | $8.7M | 0.81% | 78,501 | Common | NONE |
| g7997r103 | — | SEAGATE TECHNOLOGY | $8.4M | 0.78% | 30,501 | Common | NONE |
| 231021106 | CMI | CUMMINS INC | $8.2M | 0.76% | 16,160 | Common | NONE |
| 969457100 | WMB | WILLIAMS COMPANIES INC | $8.2M | 0.76% | 136,277 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $8.0M | 0.74% | 35,064 | Common | NONE |
| 013872106 | AA | ALCOA CORPORATION | $7.9M | 0.73% | 148,356 | Common | NONE |
| h1467j104 | — | CHUBB LTD | $7.8M | 0.73% | 25,141 | Common | NONE |
| 922908769 | VTI | VANGUARD TOTAL STOCK ETF | $7.8M | 0.72% | 23,332 | Common | NONE |
| g51502105 | — | JOHNSON CONTROLS | $7.8M | 0.72% | 65,163 | Common | NONE |
| G0593M107 | AZN | ASTRAZENECA PLC ORD | $7.8M | 0.72% | 84,691 | Common | NONE |
| 767204100 | RIO | RIO TINTO PLC (ADR) | $7.8M | 0.72% | 97,141 | Common | NONE |
| 260003108 | DOV | DOVER CORP | $7.7M | 0.72% | 39,663 | Common | NONE |
| 36828a101 | — | GE VERNOVA | $7.4M | 0.68% | 11,336 | Common | NONE |
| 88579y101 | — | 3M COMPANY | $7.3M | 0.67% | 45,615 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $7.2M | 0.67% | 12,653 | Common | NONE |
| 742718109 | PG | PROCTER & GAMBLE | $7.2M | 0.67% | 50,429 | Common | NONE |
| 438516106 | HON | HONEYWELL | $7.2M | 0.67% | 36,915 | Common | NONE |
| 13321L108 | CCJ | CAMECO CORP | $7.1M | 0.66% | 78,113 | Common | NONE |
| 92189h656 | — | VANECK AA-BB CLO ETF | $7.1M | 0.66% | 140,445 | Common | NONE |
| 911363109 | URI | UNITED RENTALS INC | $7.1M | 0.66% | 8,789 | Common | NONE |
| 247361702 | DAL | DELTA AIR LINES INC | $7.1M | 0.66% | 102,273 | Common | NONE |
| 59156r108 | — | METLIFE INC | $7.0M | 0.65% | 89,001 | Common | NONE |
| 459200101 | IBM | IBM CORP | $6.8M | 0.63% | 22,874 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS | $6.8M | 0.63% | 18,313 | Common | NONE |
| 701094104 | PH | PARKER HANNIFIN CORP | $6.7M | 0.62% | 7,660 | Common | NONE |
| 21037t109 | — | CONSTELLATION ENERGY | $6.7M | 0.62% | 18,859 | Common | NONE |
| 80004C200 | SNDK | SANDISK CORP | $6.5M | 0.60% | 27,561 | Common | NONE |
| G6683N103 | NU | NU HOLDINGS LTD | $6.4M | 0.59% | 383,416 | Common | NONE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $6.0M | 0.55% | 32,448 | Common | NONE |
| 617446448 | MS | MORGAN STANLEY | $5.9M | 0.54% | 33,211 | Common | NONE |
| 872540109 | TJX | TJX COMPANIES INC | $5.7M | 0.53% | 37,020 | Common | NONE |
| 91282cjp7 | — | US TREASURY | $5.4M | 0.50% | 5,345,000 | Common | NONE |
| 9128286f2 | T | US TREASURY | $5.2M | 0.48% | 5,247,000 | Common | NONE |
| 46428q109 | — | ISHARES SILVER TRUST | $5.2M | 0.48% | 80,950 | Common | NONE |
| 025072885 | AVUS | AVANTIS US EQUITY ETF | $5.1M | 0.47% | 45,777 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $5.1M | 0.47% | 41,466 | Common | NONE |
| 003260106 | PPLT | ABRDN PLATINUM ETF | $5.1M | 0.47% | 27,093 | Common | NONE |
| 78467V608 | SRLN | SPDR BLACKSTONE SENIOR LOAN | $5.0M | 0.46% | 121,076 | Common | NONE |
| 482480100 | KLAC | KLA CORPORATION | $4.9M | 0.45% | 4,026 | Common | NONE |
| 01609w102 | — | ALIBABA GROUP | $4.8M | 0.45% | 32,866 | Common | NONE |
| 92840m102 | — | VISTRA CORP | $4.8M | 0.44% | 29,581 | Common | NONE |
| 46120e602 | — | INTUITIVE SURGICAL | $4.8M | 0.44% | 8,416 | Common | NONE |
| 093712107 | BE | BLOOM ENERGY CORP | $4.5M | 0.42% | 52,074 | Common | NONE |
| 64110l106 | — | NETFLIX INC | $4.5M | 0.42% | 48,150 | Common | NONE |
| 82621A104 | SMNEY | SIEMENS ENERGY AG ADR | $4.5M | 0.41% | 31,780 | Common | NONE |
| 25434v831 | — | DIMENSIONAL US HIGH PROFIT ETF | $4.3M | 0.40% | 113,956 | Common | NONE |
| 92826c839 | — | VISA INC | $4.3M | 0.40% | 12,323 | Common | NONE |
| 629377508 | NRG | NRG ENERGY INC | $4.3M | 0.40% | 27,057 | Common | NONE |
| 775781206 | RYCEY | ROLLS ROYCE HOLDING PLC | $4.3M | 0.40% | 273,983 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $4.3M | 0.40% | 13,104 | Common | NONE |
| 74340w103 | — | PROLOGIS INC | $4.2M | 0.39% | 33,242 | Common | NONE |
| 37954Y830 | COPX | GLOBAL X COPPER MINERS ETF | $4.2M | 0.39% | 58,772 | Common | NONE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $4.2M | 0.38% | 20,310 | Common | NONE |
| 126650100 | CVS | CVS HEALTH CORP | $4.1M | 0.38% | 51,275 | Common | NONE |
| 92276f100 | — | VENTAS INC | $4.1M | 0.38% | 52,551 | Common | NONE |
| 828806109 | SPG | SIMON PROPERTY GROUP | $4.1M | 0.38% | 21,922 | Common | NONE |
| 05605H100 | BWXT | BWX TECHNOLOGIES CO | $4.1M | 0.37% | 23,444 | Common | NONE |
| 579780206 | MKC | MCCORMICK & COMPANY | $4.0M | 0.37% | 58,786 | Common | NONE |
| 89832q109 | — | TRUIST FINANCIAL | $3.9M | 0.36% | 79,533 | Common | NONE |
| 427866108 | HSY | HERSHEY COMPANY | $3.9M | 0.36% | 21,436 | Common | NONE |
| 49456B101 | KMI | KINDER MORGAN INC | $3.9M | 0.36% | 140,479 | Common | NONE |
| 858119100 | STLD | STEEL DYNAMICS INC | $3.8M | 0.35% | 22,643 | Common | NONE |
| 12572q105 | — | CME GROUP INC | $3.8M | 0.35% | 13,957 | Common | NONE |
| 461202103 | INTU | INTUIT INC | $3.8M | 0.35% | 5,696 | Common | NONE |
| 092528603 | BINC | ISHARES FLEXIBLE INCOME ACTIVE | $3.6M | 0.33% | 68,195 | Common | NONE |
| 75886f107 | — | REGENERON PHARMA | $3.6M | 0.33% | 4,653 | Common | NONE |
| 72201r775 | — | PIMCO ACTIVE BOND ETF | $3.6M | 0.33% | 38,585 | Common | NONE |
| 35671d857 | — | FREEPORT MCMORAN INC | $3.6M | 0.33% | 70,269 | Common | NONE |
| 31428x106 | — | FEDEX CORPORATION | $3.5M | 0.33% | 12,225 | Common | NONE |
| 786584102 | SAFRY | SAFRAN SA | $3.5M | 0.32% | 40,268 | Common | NONE |
| 44988fad2 | — | IIP OPERATION PARTNER | $3.4M | 0.32% | 3,485,000 | Common | NONE |
| 33768g107 | — | FIRSTCASH HOLDINGS INC | $3.4M | 0.31% | 21,302 | Common | NONE |
| 000375204 | ABBNY | ABB LTD ADR | $3.3M | 0.31% | 45,207 | Common | NONE |
| 009279100 | EADSY | AIRBUS GROUP ADR | $3.3M | 0.30% | 56,911 | Common | NONE |
| 751212101 | RL | RALPH LAUREN CORP | $3.2M | 0.30% | 9,048 | Common | NONE |
| 22788c105 | — | CROWDSTRIKE HLDGS | $3.1M | 0.29% | 6,586 | Common | NONE |
| 26884l109 | — | EQT CORP COM | $3.1M | 0.28% | 57,308 | Common | NONE |
| 15101Q207 | CLS | CELESTICA INC | $3.0M | 0.28% | 10,162 | Common | NONE |
| 912797PD3 | B | US TREASURY | $3.0M | 0.28% | 3,000,000 | Common | NONE |
| 46641q761 | — | JPMORGAN US QUALITY FACTOR ETF | $2.9M | 0.27% | 45,505 | Common | NONE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SERVICES | $2.9M | 0.27% | 76,605 | Common | NONE |
| 45104G104 | IBN | ICICI BANK LTD SPON ADR | $2.8M | 0.26% | 94,302 | Common | NONE |
| 922908363 | VOO | VANGUARD S&P 500 | $2.7M | 0.25% | 4,356 | Common | NONE |
| 67092p201 | — | NUVEEN ESG LARGE CAP GROWTH ET | $2.7M | 0.25% | 27,900 | Common | NONE |
| 33737J174 | FDT | 1ST TR DEVELOPED MKT EX-US ETF | $2.7M | 0.25% | 34,147 | Common | NONE |
| 91282cgl9 | — | US TREASURY | $2.7M | 0.25% | 2,697,000 | Common | NONE |
| 92189f643 | — | VANECK MORNINGSTAR WIDE MOAT | $2.7M | 0.25% | 25,986 | Common | NONE |
| 02079k107 | — | ALPHABET INC C | $2.6M | 0.24% | 8,432 | Common | NONE |
| 11271J107 | BN | BROOKFIELD CORP | $2.6M | 0.24% | 57,644 | Common | NONE |
| 33734x176 | — | FIRST TRUST TECH ALPHA ETF | $2.6M | 0.24% | 15,418 | Common | NONE |
| 72201r627 | — | PIMCO SENIOR LOAN ACTIVE ETF | $2.6M | 0.24% | 51,158 | Common | NONE |
| 336433107 | FSLR | FIRST SOLAR INC | $2.5M | 0.23% | 9,574 | Common | NONE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $2.5M | 0.23% | 7,784 | Common | NONE |
| 78463x434 | — | SPDR MSCI EAFE STRATEGIC FACTO | $2.4M | 0.22% | 26,677 | Common | NONE |
| 92537n108 | — | VERTIV HOLDINGS LLC CL A | $2.4M | 0.22% | 14,876 | Common | NONE |
| 50077b207 | — | KRATOS DEFENSE & SECURITY | $2.4M | 0.22% | 31,736 | Common | NONE |
| 002824100 | ABT | ABBOTT LABORATORIES | $2.3M | 0.22% | 18,596 | Common | NONE |
| 921943858 | VEA | VANGUARD DEVELOPED ETF | $2.3M | 0.21% | 36,785 | Common | NONE |
| 91282CDG3 | T | US TREASURY | $2.3M | 0.21% | 2,300,000 | Common | NONE |
| 17275r102 | — | CISCO SYSTEMS INC | $2.2M | 0.21% | 29,168 | Common | NONE |
| G3323L100 | FN | FABRINET | $2.2M | 0.21% | 4,932 | Common | NONE |
| 58733R102 | MELI | MERCADOLIBRE INC | $2.2M | 0.21% | 1,109 | Common | NONE |
| 00165cad6 | — | AMC ENTERTAINMENT | $2.2M | 0.21% | 2,399,000 | Common | NONE |
| 233051481 | DEUS | XTRACKERS RUSSELL US MULTI ETF | $2.2M | 0.20% | 37,594 | Common | NONE |
| 451102cf2 | IEP | ICAHN ENTERPRISES/FIN | $2.1M | 0.20% | 2,154,000 | Common | NONE |
| 29082A107 | EMBJ | EMBRAER SA ADR | $2.1M | 0.20% | 33,106 | Common | NONE |
| 177376ae0 | — | CITRIX SYSTEMS INC | $2.1M | 0.20% | 2,261,000 | Common | NONE |
| 72201R585 | PYLD | PIMCO TR MULTISECTOR ETF BD AC | $2.1M | 0.19% | 78,791 | Common | NONE |
| 464288588 | MBB | ISHARES TR MBS ETF | $2.1M | 0.19% | 22,055 | Common | NONE |
| 192108504 | CDE | COEUR MINING | $2.1M | 0.19% | 117,118 | Common | NONE |
| 464287242 | LQD | ISHARES IB IG CORP BOND | $2.1M | 0.19% | 18,944 | Common | NONE |
| 24703l202 | — | DELL TECHNOLOGIES INC | $2.1M | 0.19% | 16,497 | Common | NONE |
| 71654qdl3 | — | PETROLEOS MEXICANOS | $2.1M | 0.19% | 1,934,000 | Common | NONE |
| 65339f101 | — | NEXTERA ENERGY INC | $2.1M | 0.19% | 25,710 | Common | NONE |
| 686688102 | ORA | ORMAT TECHNOLOGIES INC | $2.0M | 0.19% | 18,466 | Common | NONE |
| 464288513 | HYG | ISHARES IBOXX HY ETF | $2.0M | 0.19% | 25,246 | Common | NONE |
| 516806aj5 | — | VITAL ENERGY INC | $2.0M | 0.19% | 1,920,000 | Common | NONE |
| 05523r107 | — | BAE SYSTEMS PLC (ADR) | $2.0M | 0.18% | 21,507 | Common | NONE |
| 833445109 | SNOW | SNOWFLAKE INC | $2.0M | 0.18% | 9,077 | Common | NONE |
| 33939l845 | — | FLEXSHARES DEF QUAL DIV ETF | $2.0M | 0.18% | 24,473 | Common | NONE |
| 97717w570 | — | WISDOMTREE US MIDCAP ETF | $2.0M | 0.18% | 29,304 | Common | NONE |
| 302301106 | EZPW | EZCORP INC A | $1.9M | 0.18% | 99,845 | Common | NONE |
| 09259eac2 | — | BLACKROCK TCP CAP | $1.9M | 0.18% | 1,916,000 | Common | NONE |
| 30231g102 | — | EXXON MOBIL CORP | $1.9M | 0.18% | 15,783 | Common | NONE |
| 23804l103 | — | DATADOG INC | $1.9M | 0.17% | 13,838 | Common | NONE |
| 893830af6 | — | TRANSOCEAN INC | $1.9M | 0.17% | 1,979,000 | Common | NONE |
| 293594107 | ENVX | ENOVIX CORP | $1.9M | 0.17% | 255,743 | Common | NONE |
| 37954y632 | — | GLOBAL X ART INTEL & TECH | $1.9M | 0.17% | 36,503 | Common | NONE |
| 81762p102 | — | SERVICENOW INC | $1.8M | 0.17% | 11,975 | Common | NONE |
| 437076102 | HD | HOME DEPOT | $1.8M | 0.17% | 5,324 | Common | NONE |
| 40415f101 | — | HDFC BANK LTD | $1.8M | 0.17% | 50,086 | Common | NONE |
| 33738r506 | — | FIRST RISING DIVIDEND ACHIEVER | $1.8M | 0.17% | 25,960 | Common | NONE |
| 98954m101 | — | ZILLOW GROUP | $1.8M | 0.17% | 26,376 | Common | NONE |
| 402635502 | GPOR | GULFPORT ENERGY CORP | $1.8M | 0.16% | 8,449 | Common | NONE |
| 10806x102 | — | BRIDGEBIO PHARMA INC | $1.7M | 0.16% | 22,211 | Common | NONE |
| 379352al1 | — | GLOBAL MARINE INC | $1.7M | 0.15% | 1,706,000 | Common | NONE |
| 302635am9 | FSK | FS KKR CAPITAL CORP | $1.7M | 0.15% | 1,602,000 | Common | NONE |
| 91282chh7 | — | US TREASURY | $1.7M | 0.15% | 1,649,000 | Common | NONE |
| 46141Q584 | BRLMX | BRAMSHILL MULTI STRATEGY INC I | $1.6M | 0.15% | 250,272 | Common | NONE |
| 12508eaf8 | — | CDK GLOBAL INC | $1.6M | 0.15% | 1,708,000 | Common | NONE |
| 922908710 | VFIAX | VNGRD 500 INDEX ADM | $1.6M | 0.14% | 2,456 | Common | NONE |
| g8994e103 | — | TRANE TECHNOLOGIES PLC | $1.5M | 0.14% | 3,926 | Common | NONE |
| 80386wab1 | — | SASOL FINANCING USA LLC | $1.5M | 0.14% | 1,515,000 | Common | NONE |
| 25861r105 | — | DOUBLELINE OPPORTUNISTIC BOND | $1.5M | 0.14% | 31,930 | Common | NONE |
| 49326yaa7 | — | KEYCORP CAPITAL | $1.5M | 0.13% | 1,426,000 | Common | NONE |
| 88830mam4 | — | TITAN INTERNATIONAL INC | $1.4M | 0.13% | 1,425,000 | Common | NONE |
| 22160k105 | — | COSTCO WHOLESALE | $1.4M | 0.13% | 1,647 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY B | $1.4M | 0.13% | 2,698 | Common | NONE |
| 69318faj7 | — | PBF HOLDING CO LLC | $1.3M | 0.12% | 1,354,000 | Common | NONE |
| 78467y107 | — | SPDR S&P MIDCAP 400 ETF | $1.3M | 0.12% | 2,124 | Common | NONE |
| 46432f339 | — | ISHARES EDGE MSCI US QUALITY F | $1.3M | 0.12% | 6,448 | Common | NONE |
| 81180wbf7 | — | SEAGATE HDD CAYMAN | $1.3M | 0.12% | 1,447,000 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TRUST ETF | $1.3M | 0.12% | 2,063 | Common | NONE |
| 25434v302 | — | DIMENSIONAL EMERGING CORE ETF | $1.3M | 0.12% | 38,570 | Common | NONE |
| 46138e735 | — | INVESCO FTSE RAFI DEVELOPED | $1.2M | 0.12% | 29,585 | Common | NONE |
| 78464a805 | — | SPDR PORTFOLIO S&P 1500 COMP | $1.2M | 0.11% | 14,820 | Common | NONE |
| 91282cbt7 | — | US TREASURY | $1.2M | 0.11% | 1,226,000 | Common | NONE |
| 91282clp4 | — | US TREASURY | $1.2M | 0.11% | 1,192,000 | Common | NONE |
| 451102bz9 | IEP | ICAHN ENTERPRISES | $1.2M | 0.11% | 1,195,000 | Common | NONE |
| N22785104 | CMOPF | COSMO PHARMACEUTICALS NV | $1.1M | 0.10% | 8,421 | Common | NONE |
| 25434v500 | — | DIMENSIONAL US SMALL CAP | $1.1M | 0.10% | 16,036 | Common | NONE |
| 464287655 | IWM | ISHARES RUSSELL 2000 | $1.1M | 0.10% | 4,493 | Common | NONE |
| 46641Q837 | JPST | JPM ULTRA-SHORT INCOME | $1.1M | 0.10% | 21,831 | Common | NONE |
| 588056bb6 | MERC | MERCER INTL INC | $1.1M | 0.10% | 1,683,000 | Common | NONE |
| 38147n293 | — | GS GQG INTL OPPORTUNITIES | $1.0M | 0.10% | 46,489 | Common | NONE |
| 922042858 | VWO | VANGUARD EMERGING MARKETS | $1.0M | 0.09% | 18,610 | Common | NONE |
| 46434v456 | — | ISHARES MSCI INTERNATIONAL Q E | $998,668 | 0.09% | 21,973 | Common | NONE |
| 55303xab1 | — | MGM GROWTH/MGM FINANCE | $990,226 | 0.09% | 989,000 | Common | NONE |
| 46641q753 | — | JPMORGAN US VALUE FACTOR ETF | $982,738 | 0.09% | 20,023 | Common | NONE |
| 912828YX2 | T | US TREASURY | $982,734 | 0.09% | 1,000,000 | Common | NONE |
| 693070ad6 | — | CARNIVAL CORP | $959,606 | 0.09% | 915,000 | Common | NONE |
| 37954y657 | — | GLOBAL X U.S. PREFERRED ETF | $955,503 | 0.09% | 50,529 | Common | NONE |
| 46641q332 | — | JPM PREMIUM EQUITY FUND | $954,718 | 0.09% | 16,679 | Common | NONE |
| l8681t102 | — | SPOTIFY | $949,461 | 0.09% | 1,635 | Common | NONE |
| 651229bd7 | NWL | NEWELL BRANDS INC | $949,031 | 0.09% | 955,000 | Common | NONE |
| 649604ag0 | ADAM | ADAMAS TRUST INC | $948,830 | 0.09% | 956,000 | Common | NONE |
| 72201r833 | — | PIMCO ENHANCED SHORT MATURITY | $872,356 | 0.08% | 8,694 | Common | NONE |
| 02376waa9 | — | AMER AIRLINE 16-1 A | $862,869 | 0.08% | 877,175 | Common | NONE |
| 097023105 | BA | BOEING CO | $845,682 | 0.08% | 3,895 | Common | NONE |
| 9128287B0 | T | US TREASURY | $843,160 | 0.08% | 850,000 | Common | NONE |
| 902973304 | USB | US BANCORP | $843,088 | 0.08% | 15,800 | Common | NONE |
| 9128286l9 | T | US TREASURY | $837,178 | 0.08% | 840,000 | Common | NONE |
| 647551ag5 | NMFC | NEW MOUNTAIN FINANCE COR | $817,418 | 0.08% | 805,000 | Common | NONE |
| 87901jah8 | — | TEGNA INC | $792,000 | 0.07% | 800,000 | Common | NONE |
| 252747af7 | — | VALERO ENERGY CORP | $760,252 | 0.07% | 750,000 | Common | NONE |
| 38147uae7 | — | GOLDMAN SACKS BDC INC | $755,159 | 0.07% | 740,000 | Common | NONE |
| 69608a108 | — | PALANTIR TECHNOLOGIES INC | $718,288 | 0.07% | 4,041 | Common | NONE |
| 191216100 | KO | COCA COLA COMPANY | $716,589 | 0.07% | 10,250 | Common | NONE |
| 92553pbb7 | — | PARAMOUNT GLOBAL | $711,304 | 0.07% | 720,000 | Common | NONE |
| 74347b680 | — | PRS MIDCAP DIV ARISTO | $705,595 | 0.07% | 8,378 | Common | NONE |
| 33738D309 | FTSL | FIRST TRUST SENIOR LOAN ETF | $705,427 | 0.07% | 15,375 | Common | NONE |
| 912828p46 | T | US TREASURY | $705,067 | 0.07% | 707,000 | Common | NONE |
| 91282cgr6 | — | US TREASU NT | $701,312 | 0.06% | 700,000 | Common | NONE |
| 37185lap7 | — | GENESIS ENERGY LP | $700,312 | 0.06% | 675,000 | Common | NONE |
| 81369y209 | — | HEALTH CARE SELECT ETF | $691,565 | 0.06% | 4,467 | Common | NONE |
| 419838aa5 | — | HAWAIIAN AIRLINES 13-1A | $662,138 | 0.06% | 662,802 | Common | NONE |
| 92343v104 | — | VERIZON COMMUNICATIONS | $659,739 | 0.06% | 16,198 | Common | NONE |
| 9128282a7 | T | US TREASURY | $651,569 | 0.06% | 660,000 | Common | NONE |
| 684065at2 | — | ORANGE & ROCKLAND UTILIT | $642,868 | 0.06% | 620,000 | Common | NONE |
| 81369y803 | — | TECHNOLOGY SPDR ETF | $634,951 | 0.06% | 4,410 | Common | NONE |
| 412295107 | HLMIX | HRDG LVNR INTL EQUITY | $616,170 | 0.06% | 22,687 | Common | NONE |
| 05684bad9 | — | BAIN CAPITALL SPECIALTY F | $598,309 | 0.06% | 601,000 | Common | NONE |
| 04546cab2 | — | ASSERTIO HOLDINGS INC | $594,124 | 0.05% | 663,000 | Common | NONE |
| 91282CCW9 | T | US TREASURY | $589,008 | 0.05% | 600,000 | Common | NONE |
| 20602daa9 | — | CONCENTRIX CORP | $581,539 | 0.05% | 575,000 | Common | NONE |
| 81369y605 | — | FINANCIAL SELECT SPDR | $569,115 | 0.05% | 10,391 | Common | NONE |
| 46641q308 | — | JPM DIVERSIFIED RET EM EQUITY | $564,795 | 0.05% | 9,300 | Common | NONE |
| 143658ah5 | CCL | CARNIVAL CORP | $558,847 | 0.05% | 538,000 | Common | NONE |
| 91282ccf6 | — | US TREASURY | $558,269 | 0.05% | 565,000 | Common | NONE |
| 78470P846 | HYBL | SPDR BLACKSTONE HIGH INCOME | $555,899 | 0.05% | 19,546 | Common | NONE |
| 489399am7 | KW | KENNEDY-WILSON INC | $550,631 | 0.05% | 585,000 | Common | NONE |
| 90932vaa3 | — | UNITED AIR 2020-1 B PTT | $549,039 | 0.05% | 548,983 | Common | NONE |
| 651229BF2 | NWL | NEWELL BRANDS INC | $548,925 | 0.05% | 563,000 | Common | NONE |
| 98462yad2 | — | YAMANA GOLD INC | $547,265 | 0.05% | 545,000 | Common | NONE |
| 09261xah5 | — | BLACKSTONE SECRUED LEND | $538,296 | 0.05% | 531,000 | Common | NONE |
| 464287523 | SOXX | ISHARES SEMICONDUCTOR ETF | $534,842 | 0.05% | 1,776 | Common | NONE |
| 92343eal6 | — | VERISIGN INC | $529,232 | 0.05% | 529,000 | Common | NONE |
| 30190aac8 | — | F&G ANNUITIES & LIFE INC | $525,102 | 0.05% | 502,000 | Common | NONE |
| 758750al7 | RRX | REGAL REXNORD CORPORATIONSER B | $518,999 | 0.05% | 518,000 | Common | NONE |
| 91282ccj8 | — | US TREASURY | $518,109 | 0.05% | 525,000 | Common | NONE |
| 042735ak6 | ARW | ARROW ELECTRONICS INC | $515,030 | 0.05% | 500,000 | Common | NONE |
| 812007ae2 | — | DEVON OEI OPERATING LLC | $513,446 | 0.05% | 492,000 | Common | NONE |
| 56035laj3 | — | MAIN STREET CAPITAL CORP | $510,315 | 0.05% | 500,000 | Common | NONE |
| 912828yg9 | T | US TREASURY | $508,623 | 0.05% | 516,000 | Common | NONE |
| d08792109 | — | BEIERSDORF AG ORD F | $507,339 | 0.05% | 4,793 | Common | NONE |
| 91359vac1 | — | UNIVERSAL INSURANCE HLDS | $505,423 | 0.05% | 513,000 | Common | NONE |
| 88160r101 | — | TESLA MOTORS INC | $505,036 | 0.05% | 1,123 | Common | NONE |
| 02377bab2 | — | AMER AIRLN 15-2 AA | $504,113 | 0.05% | 511,421 | Common | NONE |
| 06738eap0 | — | BARCLAYS PLC | $502,160 | 0.05% | 500,000 | Common | NONE |
| 589400ab6 | MCY | MERCURY GENERAL CORP | $499,035 | 0.05% | 500,000 | Common | NONE |
| 302635ag2 | FSK | FS KKR CAPITAL CORP | $498,816 | 0.05% | 499,000 | Common | NONE |
| 012653ad3 | ALB | ALBEMARLE CORP | $498,029 | 0.05% | 495,000 | Common | NONE |
| 80349aad1 | — | SARATOGA INVESTMENT CORP | $497,185 | 0.05% | 500,000 | Common | NONE |
| 68389xbn4 | — | ORACLE CORP | $489,135 | 0.05% | 500,000 | Common | NONE |
| 037389ak9 | — | AON CORP | $488,451 | 0.05% | 471,000 | Common | NONE |
| 53944yab9 | — | LLOYDS BANKING GROUP PLC | $485,592 | 0.04% | 485,000 | Common | NONE |
| 281020an7 | — | EDISON INTERNTNL | $478,032 | 0.04% | 470,000 | Common | NONE |
| 750236aw1 | RDN | RADIAN GROUP INC | $476,715 | 0.04% | 475,000 | Common | NONE |
| 04010lbe2 | — | ARES CAPITAL CORP | $476,434 | 0.04% | 465,000 | Common | NONE |
| 91282cbq3 | — | US TREASURY | $472,514 | 0.04% | 475,000 | Common | NONE |
| 337738bd9 | FISV | FISERV INC | $460,795 | 0.04% | 450,000 | Common | NONE |
| 81369y407 | — | SPDR CONSUMER DISCRETION | $458,057 | 0.04% | 3,836 | Common | NONE |
| 61774aad5 | — | MORGAN STANLEY DIRECT | $449,401 | 0.04% | 450,000 | Common | NONE |
| 40049jbb2 | — | GRUPO TELEVISA | $449,311 | 0.04% | 450,000 | Common | NONE |
| 872280aa0 | — | CARYLE SECURED LENDING | $448,770 | 0.04% | 439,000 | Common | NONE |
| 09259eab4 | — | BLACKROCK TCP CAP CORP | $448,312 | 0.04% | 450,000 | Common | NONE |
| 025072703 | AVDE | AVANTIS INTERNATIONAL EQUITY E | $443,952 | 0.04% | 5,393 | Common | NONE |
| 302635al1 | FSK | FS KKR CAPITAL CORP | $433,786 | 0.04% | 450,000 | Common | NONE |
| 422704ah9 | HL | HECLA MINING CO | $431,075 | 0.04% | 430,000 | Common | NONE |
| 97717x669 | — | WISDOMTREE U.S. QUALITY DIVIDE | $430,438 | 0.04% | 4,813 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS | $428,468 | 0.04% | 3,270 | Common | NONE |
| 33939l662 | — | FLEXSHARES HIGH YIELD VALUE | $426,323 | 0.04% | 10,466 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $419,537 | 0.04% | 1,362 | Common | NONE |
| 337345102 | QTEC | FIRST TRUST NASDAQ 100 TECH | $405,865 | 0.04% | 1,763 | Common | NONE |
| 025676am9 | — | AMERICAN NATIONAL GROUP | $402,964 | 0.04% | 400,000 | Common | NONE |
| 59001aba9 | — | MERITAGE HOMES CORP | $402,708 | 0.04% | 400,000 | Common | NONE |
| 816851bq1 | SRE | SEMPRA | $402,568 | 0.04% | 400,000 | Common | NONE |
| 654902ae5 | — | NOKIA OYJ | $400,784 | 0.04% | 400,000 | Common | NONE |
| 26884uad1 | — | EPR PROPERTIES | $400,612 | 0.04% | 400,000 | Common | NONE |
| 891906ac3 | — | GLOBAL PAYMENTS INC | $400,080 | 0.04% | 400,000 | Common | NONE |
| 02377aaa6 | — | AMER AIRLN 14-1 A PTT | $399,425 | 0.04% | 401,805 | Common | NONE |
| 717081103 | PFE | PFIZER INCORPORATED | $395,380 | 0.04% | 15,879 | Common | NONE |
| 47233wjy6 | — | JEFFERIES FIN GROUP | $392,918 | 0.04% | 400,000 | Common | NONE |
| 07556qbt1 | — | BEAZER HOMES USA | $386,650 | 0.04% | 380,000 | Common | NONE |
| 9128286s4 | T | US TREASURY | $381,549 | 0.04% | 383,000 | Common | NONE |
| 404119bu2 | HCA | HCA INC | $375,817 | 0.03% | 375,000 | Common | NONE |
| 18551pac3 | — | CLECO CORPORATE HOLDINGS | $373,508 | 0.03% | 375,000 | Common | NONE |
| 72202l371 | — | PIMCO RAFI DYN MLT-FACT INTL | $369,463 | 0.03% | 9,615 | Common | NONE |
| 277923546 | EIHIX | EATON VANCE HIGH INCOME | $369,107 | 0.03% | 86,039 | Common | NONE |
| 69374h881 | — | PACER US CASH COWS 100 ETF | $367,642 | 0.03% | 6,110 | Common | NONE |
| 37960A529 | SHLD | GLOBAL X DEFENSE TECH ETF | $359,066 | 0.03% | 5,542 | Common | NONE |
| 023770aa8 | — | AMER AIRLN 15-1 A | $350,968 | 0.03% | 355,564 | Common | NONE |
| 62854aan4 | — | UTAH ACQUISITION SUB | $349,209 | 0.03% | 350,000 | Common | NONE |
| 233203413 | DFEOX | DFA US CORE EQUITY 1 INST | $347,139 | 0.03% | 6,999 | Common | NONE |
| 20602dab7 | — | CONCENTRIX CORP | $343,820 | 0.03% | 334,000 | Common | NONE |
| 38963H305 | BTCC | GRAYSCALE BTC COV CALL ETF | $343,269 | 0.03% | 15,966 | Common | NONE |
| 00162q452 | — | ALERIAN MLP ETF | $340,190 | 0.03% | 7,235 | Common | NONE |
| 21873s108 | — | COREWEAVE | $329,621 | 0.03% | 4,603 | Common | NONE |
| 679574ah6 | — | OLD DOMIN ELECTRIC CORP | $327,478 | 0.03% | 323,729 | Common | NONE |
| 78464a755 | — | SPDR S&P METALS & MINING | $326,061 | 0.03% | 3,147 | Common | NONE |
| 293792107 | EPD | ENTER PRO PARTNERS LP | $323,485 | 0.03% | 10,090 | Common | NONE |
| 464287309 | IVW | ISHARES S&P 500 GROWTH | $320,353 | 0.03% | 2,599 | Common | NONE |
| 464287291 | IXN | ISHARES GLOBAL TECH ETF | $319,194 | 0.03% | 3,040 | Common | NONE |
| 464288760 | ITA | ISHARES US AERO & DEF ETF | $318,385 | 0.03% | 1,483 | Common | NONE |
| 922908736 | VUG | VANGUARD GROWTH ETF | $317,136 | 0.03% | 650 | Common | NONE |
| 464287739 | IYR | ISHARES US REAL ESTATE | $316,409 | 0.03% | 3,370 | Common | NONE |
| 81369y852 | — | COMMU SERV SELECT ETF | $316,196 | 0.03% | 2,686 | Common | NONE |
| 464287408 | IVE | ISHARES S&P 500 VALUE ETF | $314,076 | 0.03% | 1,481 | Common | NONE |
| 302635AP2 | FSK | FS KKR CAPITAL CORP | $310,546 | 0.03% | 316,000 | Common | NONE |
| 464287648 | IWO | ISH RUSSELL 2000 GRWTH | $310,090 | 0.03% | 960 | Common | NONE |
| 864482104 | SPH | SUBURBAN PROPANE PARTNERS LP | $308,691 | 0.03% | 16,650 | Common | NONE |
| 001084ar3 | AGCO | AGCO CORP | $304,047 | 0.03% | 300,000 | Common | NONE |
| 037411aj4 | — | APACHE CORP | $301,530 | 0.03% | 300,000 | Common | NONE |
| 023608102 | AEE | AMEREN CORP | $301,377 | 0.03% | 3,018 | Common | NONE |
| 04010laz6 | — | ARES CAPITAL CORP | $299,976 | 0.03% | 300,000 | Common | NONE |
| 053807as2 | AVT | AVNET INC | $299,859 | 0.03% | 300,000 | Common | NONE |
| 166764100 | CVX | CHEVRON CORPORATION | $299,690 | 0.03% | 1,966 | Common | NONE |
| 718549ad0 | — | PHILLIPS 66 PARTNERS LP | $296,157 | 0.03% | 300,000 | Common | NONE |
| 81369y704 | — | SPDR INDUSTRIAL SELECT | $292,867 | 0.03% | 1,888 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $282,617 | 0.03% | 7,659 | Common | NONE |
| 745867aw1 | PHM | PULTEGROUP INC | $275,170 | 0.03% | 275,000 | Common | NONE |
| 75524b104 | — | RBC BEARINGS INC | $273,991 | 0.03% | 611 | Common | NONE |
| 316071109 | FCNTX | FIDELITY CONTRAFUND | $272,905 | 0.03% | 11,231 | Common | NONE |
| 92189h748 | — | VANECK CLO ETF | $267,007 | 0.02% | 5,056 | Common | NONE |
| 922908744 | VTV | VANGUARD VALUE ETF | $266,401 | 0.02% | 1,395 | Common | NONE |
| 79466l302 | — | SALESFORCE.COM INC | $264,910 | 0.02% | 1,000 | Common | NONE |
| 33939l100 | — | FLEXSHARES MORNINGSTAR US IDX | $263,358 | 0.02% | 1,059 | Common | NONE |
| 31620mbw5 | — | FIDELITY NATL INFO | $261,212 | 0.02% | 260,000 | Common | NONE |
| 882440an0 | — | TEXAS GAS TRANSMISSION | $259,762 | 0.02% | 250,000 | Common | NONE |
| 50212yaj3 | — | LPL HOLDINGS INC | $254,790 | 0.02% | 250,000 | Common | NONE |
| 97717y527 | — | WISDOMTREE FLOATING RATE | $251,600 | 0.02% | 5,000 | Common | NONE |
| 912797RL3 | B | US TREASURY | $251,154 | 0.02% | 252,000 | Common | NONE |
| 464289438 | IWY | ISHARES RUSSELL TOP 200 | $250,604 | 0.02% | 905 | Common | NONE |
| 302491at2 | FMC | FMC CORP | $247,442 | 0.02% | 250,000 | Common | NONE |
| 03938lbe3 | — | ARCELORMITTAL SA | $239,469 | 0.02% | 230,000 | Common | NONE |
| 15135bar2 | — | CENTENE CORP | $238,499 | 0.02% | 240,000 | Common | NONE |
| 921078101 | OUNZ | VANECK MERK GOLD ETF | $230,214 | 0.02% | 5,550 | Common | NONE |
| 78468r663 | — | SPDR BARCLAYS T-BILL ETF | $228,267 | 0.02% | 2,498 | Common | NONE |
| 46434V621 | DGRO | ISHARES CORE DIVIDEND GROWTH | $226,170 | 0.02% | 3,258 | Common | NONE |
| 75734b100 | — | REDDIT INC | $225,732 | 0.02% | 982 | Common | NONE |
| 46435u853 | — | ISHARES BROAD US HIGH YIELD ET | $225,236 | 0.02% | 6,023 | Common | NONE |
| 023764aa1 | — | AMERN AIRLINE 16-2 A PTT | $221,132 | 0.02% | 227,955 | Common | NONE |
| 92189k105 | — | VANECK BITCOIN TRUST | $214,409 | 0.02% | 8,670 | Common | NONE |
| 44962laj6 | — | IHS MARKIT LTD | $210,950 | 0.02% | 210,000 | Common | NONE |
| n97284108 | — | NEBIUS GROUP N.V. CLASS A | $210,434 | 0.02% | 2,514 | Common | NONE |
| 90931gaa7 | — | UNITED AIR 2020-1 A | $209,208 | 0.02% | 204,035 | Common | NONE |
| 097023dp7 | BA | BOEING CO/THE | $205,204 | 0.02% | 200,000 | Common | NONE |
| 87164dvj6 | — | SYNOVUS BANK GA | $204,286 | 0.02% | 200,000 | Common | NONE |
| 893817aa4 | — | TRANSOCEAN INC | $203,000 | 0.02% | 200,000 | Common | NONE |
| 92189f411 | — | VANECK BDC INCOME ETF | $201,696 | 0.02% | 14,224 | Common | NONE |
| 67401pad0 | — | OAKTREE SPECIALTY LEND | $200,458 | 0.02% | 195,000 | Common | NONE |
| 628530bk2 | VTRS | MYLAN INC | $200,212 | 0.02% | 200,000 | Common | NONE |
| 552848ag8 | MTG | MGIC INVESTMENT CORP | $199,235 | 0.02% | 200,000 | Common | NONE |
| 92556vac0 | — | VIATRIS INC | $194,272 | 0.02% | 200,000 | Common | NONE |
| 316048107 | FTEXX | FIDELITY MUNICIPAL MONEYMARKET | $193,931 | 0.02% | 193,931 | Common | NONE |
| 29273v100 | — | ENERGY TRANSFER EQUITY LP | $178,323 | 0.02% | 10,814 | Common | NONE |
| 17253J106 | CIFR | CIPHER MINING INC | $168,574 | 0.02% | 11,421 | Common | NONE |
| 922021308 | VCAIX | VNGRD INTERMED CA TAX EX | $152,731 | 0.01% | 13,212 | Common | NONE |
| 46131b100 | — | INVESCO MORTGAGE CAPITALINC CO | $147,175 | 0.01% | 17,500 | Common | NONE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES | $84,564 | 0.01% | 14,505 | Common | NONE |
| 808516603 | — | MONEY MARKET POOL | $18,459 | 0.00% | 15,137 | Common | NONE |
| 87266jab0 | — | TPI COMPOSITES INC | $5,962 | 0.00% | 530,000 | Common | NONE |
| 232749200 | CYPEUR | CYPRESS DEV CORP | $2,150 | 0.00% | 10,000 | Common | NONE |
| 378949101 | GTLL | GLOBAL TECHNOLOGIES | $31 | 0.00% | 310,000 | Common | NONE |
| 50541a108 | — | LABOR SMART INC | $14 | 0.00% | 28,571 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.