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      </invstOrSec>
      <invstOrSec>
        <name>Microsoft Corp</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>COMMSTCK</title>
        <cusip>594918104</cusip>
        <identifiers>
          <isin value="US5949181045"/>
        </identifiers>
        <balance>3774</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1407777.48</valUSD>
        <pctVal>2.41</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>COMMSTCK</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
        </identifiers>
        <balance>15933</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3188033.97</valUSD>
        <pctVal>5.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>nVent Electric PLC</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>G6700G107</cusip>
        <identifiers>
          <ticker value="NVT"/>
        </identifiers>
        <balance>10297</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1746474.17</valUSD>
        <pctVal>2.98</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quanta Services Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>74762E102</cusip>
        <identifiers>
          <isin value="US74762E1029"/>
        </identifiers>
        <balance>4393</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3163135.72</valUSD>
        <pctVal>5.41</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valero Energy Corp</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>91913Y100</cusip>
        <identifiers>
          <ticker value="VLO"/>
        </identifiers>
        <balance>5146</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1340224.24</valUSD>
        <pctVal>2.29</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTIV HOLDINGS</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
        </identifiers>
        <balance>1000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334820</valUSD>
        <pctVal>0.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Energy Corp</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>92840M102</cusip>
        <identifiers>
          <ticker value="VST"/>
        </identifiers>
        <balance>8956</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1420690.28</valUSD>
        <pctVal>2.43</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walmart Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>931142103</cusip>
        <identifiers>
          <isin value="US9311421039"/>
        </identifiers>
        <balance>4943</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>559844.18</valUSD>
        <pctVal>0.96</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P Emerging Ma</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>78463X533</cusip>
        <identifiers>
          <isin value="US78463X5335"/>
        </identifiers>
        <balance>45311</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1855825.28</valUSD>
        <pctVal>3.17</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARE MSCI EAFE ETF</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>464287465</cusip>
        <identifiers>
          <isin value="US4642874659"/>
        </identifiers>
        <balance>22044</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2289930.72</valUSD>
        <pctVal>3.91</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alerian Energy Infra</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>00162Q676</cusip>
        <identifiers>
          <isin value="US00162Q6769"/>
        </identifiers>
        <balance>28840</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1098804</valUSD>
        <pctVal>1.88</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P Regional Ba</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>78464A698</cusip>
        <identifiers>
          <ticker value="KRE"/>
        </identifiers>
        <balance>8400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>628740</valUSD>
        <pctVal>1.07</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Se</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>ETF</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <isin value="US46090E1038"/>
        </identifiers>
        <balance>1482</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1091344.8</valUSD>
        <pctVal>1.87</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR PORTFOLIO</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>78463X509</cusip>
        <identifiers>
          <isin value="US78463X5095"/>
        </identifiers>
        <balance>18880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>977606.4</valUSD>
        <pctVal>1.67</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Financial Select Sec</name>
        <lei>549300Y12KQ6ZG08NY28</lei>
        <title>ETF</title>
        <cusip>81369Y605</cusip>
        <identifiers>
          <isin value="US81369Y6059"/>
        </identifiers>
        <balance>11300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>605793</valUSD>
        <pctVal>1.04</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Technology Select Se</name>
        <lei>549300BR5T0JNM2MW070</lei>
        <title>ETF</title>
        <cusip>81369Y803</cusip>
        <identifiers>
          <isin value="US81369Y8030"/>
        </identifiers>
        <balance>13954</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2658516.08</valUSD>
        <pctVal>4.54</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Health Care Select S</name>
        <lei>549300EJNY3KKJHPOY44</lei>
        <title>ETF</title>
        <cusip>81369Y209</cusip>
        <identifiers>
          <isin value="US81369Y2090"/>
        </identifiers>
        <balance>20283</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3218100.78</valUSD>
        <pctVal>5.5</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB MONEY MARKET</name>
        <lei>N/A</lei>
        <title>MONEYMKT</title>
        <cusip>SF8888628</cusip>
        <identifiers>
          <ticker value="AMBXX"/>
        </identifiers>
        <balance>665456.4</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>665456.35</valUSD>
        <pctVal>1.14</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Money Market" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="AVGO 260710C00455000"/>
        </identifiers>
        <balance>-7</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-105</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Broadcom Inc</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="AVGO"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>455</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2337.78</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Se</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="QQQ 260821P00650000"/>
        </identifiers>
        <balance>8</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4644</valUSD>
        <pctVal>0.01</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco QQQ Trust Se</issuerName>
                <issueTitle>ETF</issueTitle>
                <identifiers>
                  <ticker value="QQQ"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>650</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3764.18</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Se</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="QQQ 260918C00840000"/>
        </identifiers>
        <balance>-8</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3192</valUSD>
        <pctVal>-0.01</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco QQQ Trust Se</issuerName>
                <issueTitle>ETF</issueTitle>
                <identifiers>
                  <ticker value="QQQ"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>840</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2439.7</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Se</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="QQQ 260821P00640000"/>
        </identifiers>
        <balance>13</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6370</valUSD>
        <pctVal>0.01</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco QQQ Trust Se</issuerName>
                <issueTitle>ETF</issueTitle>
                <identifiers>
                  <ticker value="QQQ"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>640</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-8303.3</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arista Networks Inc</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>040413205</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="ANET 260724C00200000"/>
        </identifiers>
        <balance>-15</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2700</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Arista Networks Inc</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="ANET"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>200</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-25</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>959.58</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTIV HOLDINGS</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="VRT 260717P00270000"/>
        </identifiers>
        <balance>-10</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1850</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>VERTIV HOLDINGS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>VERTIV HOLDINGS</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="VRT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>270</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3239.66</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freeport-McMoRan Inc</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="FCX 260717P00055000"/>
        </identifiers>
        <balance>-26</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1547</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Freeport-McMoRan Inc</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="FCX"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>55</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>896.34</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freeport-McMoRan Inc</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="FCX 260717P00058000"/>
        </identifiers>
        <balance>-26</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2899</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Freeport-McMoRan Inc</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="FCX"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>58</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1754.3</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MP Materials Corp</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>553368101</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="MP 260918C00100000"/>
        </identifiers>
        <balance>-27</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2079</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MP Materials Corp</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="MP"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>100</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1808.29</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Energy Corp</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>92840M102</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="VST 260731C00185000"/>
        </identifiers>
        <balance>-20</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3060</valUSD>
        <pctVal>-0.01</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Vistra Energy Corp</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="VST"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>185</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1919.43</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERTIV HOLDINGS</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="VRT 260717P00290000"/>
        </identifiers>
        <balance>-10</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4100</valUSD>
        <pctVal>-0.01</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>VERTIV HOLDINGS</issuerName>
                <issueTitle>COMMSTCK</issueTitle>
                <identifiers>
                  <ticker value="VRT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>290</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5939.56</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Se</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="QQQ 260821C00780000"/>
        </identifiers>
        <balance>-2</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1965</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Invesco QQQ Trust Se</issuerName>
                <issueTitle>ETF</issueTitle>
                <identifiers>
                  <ticker value="QQQ"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>780</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-08-22</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-325.09</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-14</ncom:dateSigned>
      <ncom:nameOfApplicant>Spinnaker ETF Series</ncom:nameOfApplicant>
      <ncom:signature>Pete Mccabe</ncom:signature>
      <ncom:signerName>Pete Mccabe</ncom:signerName>
      <ncom:title>Principal Accounting Officer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
