ABRDN JAPAN EQUITY FUND INC COM 00306J109 111 20000 SH SOLE 20000 0 0 ADAMS DIVERSIFIED EQUITY FD COM 006212104 920 60000 SH SOLE 60000 0 0 ALPHABET INC CAP STK CL A 02079K305 25261 11592 SH SOLE 11592 0 0 AMAZON COM INC COM 023135106 97271 915819 SH SOLE 915819 0 0 AMERICAN HOMES 4 RENT CL A 02665T306 724 20417 SH SOLE 20417 0 0 APARTMENT INCOME REIT CORP COM 03750L109 698 16775 SH SOLE 16775 0 0 APPLE INC COM 037833100 17888 130835 SH SOLE 130835 0 0 APPLOVIN CORP COM CL A 03831W108 9793 284343 SH SOLE 284343 0 0 ARCO PLATFORM LTD COM CL A G04553106 9264 620457 SH SOLE 620457 0 0 BARCLAYS BANK PLC ETN 49 06747C322 480 13700 SH SOLE 13700 0 0 BARRICK GOLD CORP COM 067901108 193 10920 SH SOLE 10920 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5187 19000 SH SOLE 19000 0 0 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 9331 209828 SH SOLE 209828 0 0 CAMDEN PPTY TR SH BEN INT 133131102 651 4840 SH SOLE 4840 0 0 CARVANA CO CL A 146869102 1216 53810 SH SOLE 53810 0 0 CHEVRON CORP NEW COM 166764100 4874 33660 SH SOLE 33660 0 0 CREDIT ACCEP CORP MICH COM 225310101 11118 23484 SH SOLE 23484 0 0 DYNATRACE INC COM NEW 268150109 7438 188571 SH SOLE 188571 0 0 GLOBAL X FDS GB MSCI AR ETF 37950E259 463 18660 SH SOLE 18660 0 0 GLOBAL X FDS GLB X MLP ENRG I 37954Y293 11814 310000 SH SOLE 310000 0 0 GLOBAL X FDS GLOBAL X COPPER 37954Y830 649 21360 SH SOLE 21360 0 0 GODADDY INC CL A 380237107 9211 132422 SH SOLE 132422 0 0 GOLUB CAP BDC INC COM 38173M102 1426 110000 SH SOLE 110000 0 0 INDEPENDENCE RLTY TR INC COM 45378A106 708 34134 SH SOLE 34134 0 0 INVESCO DB COMMDY INDX TRCK UNIT 46138B103 3996 150000 SH SOLE 150000 0 0 INVESCO EXCHANGE TRADED FD T S&P500 PUR VAL 46137V258 10791 143710 SH SOLE 143710 0 0 INVESCO QQQ TR UNIT SER 1 46090E103 589 2100 SH SOLE 2100 0 0 ISHARES INC MSCI AUST ETF 464286103 4533 213600 SH SOLE 213600 0 0 ISHARES INC MSCI BRAZIL ETF 464286400 1439 52530 SH SOLE 52530 0 0 ISHARES INC MSCI CDA ETF 464286509 2015 59840 SH SOLE 59840 0 0 ISHARES INC MSCI CHILE ETF 464286640 337 14000 SH SOLE 14000 0 0 ISHARES INC MSCI EMRG CHN 46434G764 3052 63900 SH SOLE 63900 0 0 ISHARES INC MSCI FRANCE ETF 464286707 2689 89600 SH SOLE 89600 0 0 ISHARES INC MSCI GERMANY ETF 464286806 1455 63220 SH SOLE 63220 0 0 ISHARES INC MSCI HONG KG ETF 464286871 1397 62940 SH SOLE 62940 0 0 ISHARES INC MSCI ITALY ETF 46434G830 545 22650 SH SOLE 22650 0 0 ISHARES INC MSCI JPN ETF NEW 46434G822 4541 85960 SH SOLE 85960 0 0 ISHARES INC MSCI MEXICO ETF 464286822 1165 25000 SH SOLE 25000 0 0 ISHARES INC MSCI NETHERL ETF 464286814 1053 30040 SH SOLE 30040 0 0 ISHARES INC MSCI SPAIN ETF 464286764 863 37000 SH SOLE 37000 0 0 ISHARES INC MSCI STH KOR ETF 464286772 2143 36820 SH SOLE 36820 0 0 ISHARES INC MSCI SWITZERLAND 464286749 1244 29950 SH SOLE 29950 0 0 ISHARES INC MSCI TAIWAN ETF 46434G772 353 7000 SH SOLE 7000 0 0 ISHARES SILVER TR ISHARES 46428Q109 741 39750 SH SOLE 39750 0 0 ISHARES TR 0-5YR HI YL CP 46434V407 3381 83380 SH SOLE 83380 0 0 ISHARES TR 20 YR TR BD ETF 464287432 5801 50500 SH SOLE 50500 0 0 ISHARES TR 3 7 YR TREAS BD 464288661 3425 28700 SH SOLE 28700 0 0 ISHARES TR 7-10 YR TRSY BD 464287440 7659 74870 SH SOLE 74870 0 0 ISHARES TR CORE S&P SCP ETF 464287804 980 10600 SH SOLE 10600 0 0 ISHARES TR IBOXX HI YD ETF 464288513 2576 35000 SH SOLE 35000 0 0 ISHARES TR INTRM GOV CR ETF 464288612 241 2284 SH SOLE 2284 0 0 ISHARES TR LATN AMER 40 ETF 464287390 654 29000 SH SOLE 29000 0 0 ISHARES TR MBS ETF 464288588 1297 13300 SH SOLE 13300 0 0 ISHARES TR MSCI AC ASIA ETF 464288182 5525 79843 SH SOLE 79843 0 0 ISHARES TR MSCI INDIA ETF 46429B598 2527 64180 SH SOLE 64180 0 0 ISHARES TR MSCI INDONIA ETF 46429B309 233 10400 SH SOLE 10400 0 0 ISHARES TR MSCI IRELAND ETF 46429B507 2186 54400 SH SOLE 54400 0 0 ISHARES TR MSCI LW CRB TG 46434V464 252 1842 SH SOLE 1842 0 0 ISHARES TR MSCI UK ETF NEW 46435G334 4194 140000 SH SOLE 140000 0 0 ISHARES TR TIPS BD ETF 464287176 11339 99550 SH SOLE 99550 0 0 J P MORGAN EXCHANGE TRADED F BETBULD MSCI 46641Q738 46716 531890 SH SOLE 531890 0 0 JBG SMITH PPTYS COM 46590V100 939 39723 SH SOLE 39723 0 0 KKR & CO INC COM 48251W104 9232 199430 SH SOLE 199430 0 0 KRANESHARES TR BLOOMBERG CHIINA 500767702 651 20000 SH SOLE 20000 0 0 KRANESHARES TR CALIFORNIA CARB 500767553 2729 105000 SH SOLE 105000 0 0 KRANESHARES TR GLOBAL CARB STRA 500767678 2462 50000 SH SOLE 50000 0 0 META PLATFORMS INC CL A 30303M102 23573 146190 SH SOLE 146190 0 0 MICROSOFT CORP COM 594918104 17428 67859 SH SOLE 67859 0 0 MISTER CAR WASH INC COM 60646V105 924 84876 SH SOLE 84876 0 0 NETFLIX INC COM 64110L106 1902 10878 SH SOLE 10878 0 0 NEWMONT CORP COM 651639106 290 4858 SH SOLE 4858 0 0 NUVEEN CR STRATEGIES INCOME COM SHS 67073D102 104 20000 SH SOLE 20000 0 0 NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 124 10000 SH SOLE 10000 0 0 OCCIDENTAL PETE CORP COM 674599105 4928 83710 SH SOLE 83710 0 0 PHYSICIANS RLTY TR COM 71943U104 659 37793 SH SOLE 37793 0 0 PIMCO ETF TR 25YR+ ZERO U S 72201R882 1300 12000 SH SOLE 12000 0 0 PING IDENTITY HLDG CORP COM 72341T103 9704 534988 SH SOLE 534988 0 0 RIBBIT LEAP LTD SHS CL A G7552B105 181 18270 SH SOLE 18270 0 0 RIBBIT LEAP LTD UNIT 99/99/9999 G7552B121 995 100000 SH SOLE 100000 0 0 SALESFORCE INC COM 79466L302 4288 25984 SH SOLE 25984 0 0 SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 1085 20000 SH SOLE 20000 0 0 SELECT SECTOR SPDR TR ENERGY 81369Y506 1073 15000 SH SOLE 15000 0 0 SELECT SECTOR SPDR TR FINANCIAL 81369Y605 598 19030 SH SOLE 19030 0 0 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 513 4000 SH SOLE 4000 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 701 10000 SH SOLE 10000 0 0 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2062 16220 SH SOLE 16220 0 0 SIMPLIFY EXCHANGE TRADED FUN SIMPLIFY INTERST 82889N855 339 6000 SH SOLE 6000 0 0 SMARTSHEET INC COM CL A 83200N103 5768 183521 SH SOLE 183521 0 0 SPDR GOLD TR GOLD SHS 78463V107 5054 30000 SH SOLE 30000 0 0 SPDR INDEX SHS FDS EURO STOXX 50 78463X202 4065 116840 SH SOLE 116840 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 55456 147000 SH SOLE 147000 0 0 SPDR SER TR COMP SOFTWARE 78464A599 444 4000 SH SOLE 4000 0 0 SPDR SER TR HLTH CR EQUIP 78464A581 488 5750 SH SOLE 5750 0 0 SPDR SER TR S&P BIOTECH 78464A870 1263 17000 SH SOLE 17000 0 0 SPDR SER TR S&P OILGAS EXP 78468R556 1639 13720 SH SOLE 13720 0 0 SPROTT PHYSICAL GOLD TR UNIT 85207H104 6750 476000 SH SOLE 476000 0 0 SS&C TECHNOLOGIES HLDGS INC COM 78467J100 8166 140612 SH SOLE 140612 0 0 SUSTAINABLE DEVELP ACQU I CO UNIT 02/04/2026 86934L202 982 100000 SH SOLE 100000 0 0 TRANSDIGM GROUP INC COM 893641100 1468 2736 SH SOLE 2736 0 0 VANECK ETF TRUST FALLEN ANGEL HG 92189F437 1351 50000 SH SOLE 50000 0 0 VANECK ETF TRUST GOLD MINERS ETF 92189F106 1095 40000 SH SOLE 40000 0 0 VANECK ETF TRUST VANECK VIETNAM 92189F817 379 26320 SH SOLE 26320 0 0 VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 209975 2790000 SH SOLE 2790000 0 0 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 41519 455700 SH SOLE 455700 0 0 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 8627 24871 SH SOLE 24871 0 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 95857 508200 SH SOLE 508200 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 14066 337700 SH SOLE 337700 0 0 VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 1056 20000 SH SOLE 20000 0 0 VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 11598 135900 SH SOLE 135900 0 0 VANGUARD STAR FDS VG TL INTL STK F 921909768 67575 1309340 SH SOLE 1309340 0 0 VANGUARD TAX-MANAGED INTL FD VAN FTSE DEV MKT 921943858 9257 226880 SH SOLE 226880 0 0 VANGUARD WHITEHALL FDS EM MK GOV BD ETF 921946885 6375 104000 SH SOLE 104000 0 0 VANGUARD WORLD FD MEGA CAP INDEX 921910873 90662 687821 SH SOLE 687821 0 0 VANGUARD WORLD FDS MATERIALS ETF 92204A801 2512 15680 SH SOLE 15680 0 0 VIRTUS EQUITY & CONV INCM FD COM 92841M101 1245 60000 SH SOLE 60000 0 0 VY GLOBAL GROWTH *W EXP 01/30/203 G9444H118 3 10922 SH SOLE 10922 0 0 VY GLOBAL GROWTH COM CL A G9444H100 540 54610 SH SOLE 54610 0 0 VY GLOBAL GROWTH UNIT 99/99/9999 G9444H126 694 70000 SH SOLE 70000 0 0 WISDOMTREE TR JAPN HEDGE EQT 97717W851 3746 60010 SH SOLE 60010 0 0 WIX COM LTD SHS M98068105 2729 41633 SH SOLE 41633 0 0 WORKDAY INC CL A 98138H101 1273 9119 SH SOLE 9119 0 0 ZILLOW GROUP INC CL A 98954M101 5662 178010 SH SOLE 178010 0 0 ZILLOW GROUP INC CL C CAP STK 98954M200 12798 403107 SH SOLE 403107 0 0