The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | 1,644,364 | 12,029 | SH | SOLE | 0 | 0 | 12,029 | ||
| ADAMS DIVERSIFIED EQUITY | COM | 006212104 | 3,699,980 | 171,613 | SH | SOLE | 0 | 0 | 171,613 | ||
| ADAMS NATURAL RESOURCES FUND | COM | 00548F105 | 2,531,834 | 109,037 | SH | SOLE | 0 | 0 | 109,037 | ||
| ADOBE INC | COM | 00724F101 | 258,890 | 500 | SH | DFND | 500 | 0 | 0 | ||
| ADVENT CONVERT & INCOME | COM | 00764C109 | 1,662,503 | 141,610 | SH | SOLE | 0 | 0 | 141,610 | ||
| AIR PRODUCTS & CHEMICALS INC | COM | 009158106 | 1,509,840 | 5,071 | SH | SOLE | 0 | 0 | 5,071 | ||
| ALLSTATE CORP | COM | 020002101 | 4,130,728 | 21,781 | SH | SOLE | 0 | 0 | 21,781 | ||
| ALPHABET INC-CL A | COM | 02079K305 | 1,729,857 | 10,430 | SH | SOLE | 0 | 0 | 10,430 | ||
| ALPHABET INC-CL C | COM | 02079K107 | 2,786,806 | 16,669 | SH | SOLE | 0 | 0 | 16,669 | ||
| AMAZON.COM INC | COM | 023135106 | 1,469,585 | 7,887 | SH | SOLE | 0 | 0 | 7,887 | ||
| AMAZON.COM INC | COM | 023135106 | 279,495 | 1,500 | SH | DFND | 1,500 | 0 | 0 | ||
| AMERICAN BUSINESS BANK | COM | 02475L105 | 615,349 | 16,219 | SH | SOLE | 0 | 0 | 16,219 | ||
| AMGEN INC | COM | 031162100 | 5,861,418 | 18,191 | SH | SOLE | 0 | 0 | 18,191 | ||
| ANDRADA MINING LTD | COM | G012B4107 | 592 | 13,329 | SH | SOLE | 0 | 0 | 13,329 | ||
| APPLE INC | COM | 037833100 | 3,400,472 | 14,594 | SH | SOLE | 0 | 0 | 14,594 | ||
| APPLE INC | COM | 037833100 | 1,048,500 | 4,500 | SH | DFND | 4,500 | 0 | 0 | ||
| ARKEMA-SPONSORED ADR | ADR | 041232109 | 297,660 | 3,130 | SH | DFND | 3,130 | 0 | 0 | ||
| ARTESIAN RESOURCES CORP-CL A | COM | 043113208 | 2,883,268 | 77,549 | SH | SOLE | 0 | 0 | 77,549 | ||
| ASTRAZENECA PLC-SPONS ADR | ADR | 046353108 | 584,325 | 7,500 | SH | DFND | 7,500 | 0 | 0 | ||
| AT&T INC | COM | 00206R102 | 1,098,466 | 49,930 | SH | SOLE | 0 | 0 | 49,930 | ||
| AUTOMATIC DATA PROCESSING | COM | 053015103 | 412,604 | 1,491 | SH | SOLE | 0 | 0 | 1,491 | ||
| AUTOZONE INC | COM | 053332102 | 450,456 | 143 | SH | SOLE | 0 | 0 | 143 | ||
| BANK OF AMERICA CORP | COM | 060505104 | 648,581 | 16,345 | SH | SOLE | 0 | 0 | 16,345 | ||
| BRASILAGRO-CIA BRA - SPN ADR | ADR | 10554B104 | 128,656 | 27,432 | SH | DFND | 27,432 | 0 | 0 | ||
| BROADCOM INC | COM | 11135F101 | 1,849,028 | 10,719 | SH | SOLE | 0 | 0 | 10,719 | ||
| CATERPILLAR INC | COM | 149123101 | 227,632 | 582 | SH | SOLE | 0 | 0 | 582 | ||
| CATERPILLAR INC | COM | 149123101 | 469,344 | 1,200 | SH | DFND | 1,200 | 0 | 0 | ||
| CEMEX SAB-SPONS ADR PART CER | ADR | 151290889 | 183,000 | 30,000 | SH | DFND | 30,000 | 0 | 0 | ||
| CHEVRON CORP | COM | 166764100 | 515,445 | 3,500 | SH | DFND | 3,500 | 0 | 0 | ||
| CISCO SYSTEMS INC | COM | 17275R102 | 897,662 | 16,867 | SH | SOLE | 0 | 0 | 16,867 | ||
| COCA-COLA CO/THE | COM | 191216100 | 273,432 | 3,805 | SH | SOLE | 0 | 0 | 3,805 | ||
| COGNITION THERAPEUTICS INC | COM | 19243B102 | 24,119 | 51,471 | SH | SOLE | 0 | 0 | 51,471 | ||
| CONSUMER DISCRETIONARY SELT | COM | 81369Y407 | 4,033,707 | 20,131 | SH | SOLE | 0 | 0 | 20,131 | ||
| CONSUMER STAPLES SPDR | COM | 81369Y308 | 5,214,857 | 62,830 | SH | SOLE | 0 | 0 | 62,830 | ||
| COPA HOLDINGS SA-CLASS A | COM | P31076105 | 281,520 | 3,000 | SH | DFND | 3,000 | 0 | 0 | ||
| COTERRA ENERGY INC | COM | 127097103 | 637,549 | 26,620 | SH | SOLE | 0 | 0 | 26,620 | ||
| CRH PLC | COM | G25508105 | 231,850 | 2,500 | SH | DFND | 2,500 | 0 | 0 | ||
| CSX CORP | COM | 126408103 | 4,162,965 | 120,561 | SH | SOLE | 0 | 0 | 120,561 | ||
| CYRELA BRAZIL REALTY-SPO ADR | ADR | 23282C401 | 163,680 | 44,000 | SH | DFND | 44,000 | 0 | 0 | ||
| DIAGEO PLC-SPONSORED ADR | ADR | 25243Q205 | 392,952 | 2,800 | SH | DFND | 2,800 | 0 | 0 | ||
| DIMENSIONAL US SMALL CAP ETF | COM | 25434V500 | 1,405,913 | 21,676 | SH | SOLE | 0 | 0 | 21,676 | ||
| DNAPRINT GENOMICS | COM | 23324Q202 | 118 | 1,175,300 | SH | SOLE | 0 | 0 | 1,175,300 | ||
| DR HORTON INC | COM | 23331A109 | 763,080 | 4,000 | SH | DFND | 4,000 | 0 | 0 | ||
| DUKE ENERGY CORP | COM | 26441C204 | 1,093,390 | 9,483 | SH | SOLE | 0 | 0 | 9,483 | ||
| ENERGY SELECT SECTOR SPDR | COM | 81369Y506 | 1,294,272 | 14,741 | SH | SOLE | 0 | 0 | 14,741 | ||
| ENTEGRIS INC | COM | 29362U104 | 1,701,167 | 15,117 | SH | SOLE | 0 | 0 | 15,117 | ||
| EVEREST GROUP LTD | COM | G3223R108 | 4,071,116 | 10,390 | SH | SOLE | 0 | 0 | 10,390 | ||
| EXXON MOBIL CORP | COM | 30231G102 | 272,921 | 2,328 | SH | SOLE | 0 | 0 | 2,328 | ||
| FIRST SEISMIC CORP | COM | 336397104 | 502 | 44,451 | SH | SOLE | 0 | 0 | 44,451 | ||
| GJENSIDIGE FORSIKRING-UN ADR | ADR | 37636X101 | 377,000 | 20,000 | SH | DFND | 20,000 | 0 | 0 | ||
| GLASS HOUSE BRANDS INC | COM | 377130406 | 183,800 | 20,000 | SH | SOLE | 0 | 0 | 20,000 | ||
| GOLDMAN ACTIVEBETA US LC ETF | COM | 381430503 | 4,805,687 | 42,551 | SH | SOLE | 0 | 0 | 42,551 | ||
| GOLDMAN SACHS ACTIVEBETA INT | COM | 381430107 | 8,373,395 | 231,501 | SH | SOLE | 0 | 0 | 231,501 | ||
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | 1,072,512 | 2,800 | SH | DFND | 2,800 | 0 | 0 | ||
| GRUPO AEROPORTUARIO SUR-ADR | ADR | 40051E202 | 508,968 | 1,800 | SH | DFND | 1,800 | 0 | 0 | ||
| HA SUSTAINABLE INFRASTRUCTUR | COM | 41068X100 | 523,944 | 15,200 | SH | DFND | 15,200 | 0 | 0 | ||
| HDFC BANK LTD-ADR | ADR | 40415F101 | 500,480 | 8,000 | SH | DFND | 8,000 | 0 | 0 | ||
| HEMPFUSION WELLNESS INC | COM | 423821107 | 0 | 22,222 | SH | SOLE | 0 | 0 | 22,222 | ||
| INGLES MARKETS INC-CLASS A | COM | 457030104 | 4,222,733 | 56,605 | SH | SOLE | 0 | 0 | 56,605 | ||
| INTEL CORP | COM | 458140100 | 257,356 | 10,970 | SH | SOLE | 0 | 0 | 10,970 | ||
| INTERCONTINENTAL HOTELS-ADR | ADR | 45857P806 | 674,320 | 6,103 | SH | DFND | 6,103 | 0 | 0 | ||
| INTL BUSINESS MACHINES CORP | COM | 459200101 | 3,324,159 | 15,036 | SH | SOLE | 0 | 0 | 15,036 | ||
| INVESCO BULLETSHARES 2024 CB | COM | 46138J841 | 236,625 | 11,204 | SH | SOLE | 0 | 0 | 11,204 | ||
| INVESCO BULLETSHARES 2025 CB | COM | 46138J825 | 6,767,365 | 327,717 | SH | SOLE | 0 | 0 | 327,717 | ||
| INVESCO BULLETSHARES 2025 HY | COM | 46138J817 | 1,313,875 | 56,828 | SH | SOLE | 0 | 0 | 56,828 | ||
| INVESCO BULLETSHARES 2026 CB | COM | 46138J791 | 6,423,200 | 328,384 | SH | SOLE | 0 | 0 | 328,384 | ||
| INVESCO BULLETSHARES 2026 HY | COM | 46138J635 | 1,120,175 | 47,758 | SH | SOLE | 0 | 0 | 47,758 | ||
| INVESCO BULLETSHARES 2027 CB | COM | 46138J783 | 5,244,189 | 265,933 | SH | SOLE | 0 | 0 | 265,933 | ||
| INVESCO BULLETSHARES 2028 HY | COM | 46138J452 | 1,281,924 | 57,849 | SH | SOLE | 0 | 0 | 57,849 | ||
| INVESCO BULLETSHARES 2031 CB | COM | 46138J429 | 677,771 | 40,658 | SH | SOLE | 0 | 0 | 40,658 | ||
| INVESCO BULLETSHARES 2032 CB | COM | 46139W858 | 591,281 | 28,197 | SH | SOLE | 0 | 0 | 28,197 | ||
| INVESCO S&P 500 EQUAL WEIGHT | COM | 46137V357 | 6,167,604 | 34,425 | SH | SOLE | 0 | 0 | 34,425 | ||
| INVESCO S&P 500 EQUAL WEIGHT | COM | 46137V332 | 4,490,155 | 139,316 | SH | SOLE | 0 | 0 | 139,316 | ||
| INVESCO S&P 500 EQUAL WEIGHT | COM | 46137V282 | 905,931 | 24,030 | SH | SOLE | 0 | 0 | 24,030 | ||
| INVESCO S&P GLOBAL WATER IND | COM | 46138E263 | 3,591,513 | 58,685 | SH | SOLE | 0 | 0 | 58,685 | ||
| INVESCO VARIABLE RATE PREFER | COM | 46138G870 | 3,201,499 | 130,887 | SH | SOLE | 0 | 0 | 130,887 | ||
| ISHARES 7-10 YEAR TREASURY B | COM | 464287440 | 2,924,655 | 29,807 | SH | SOLE | 0 | 0 | 29,807 | ||
| ISHARES CALIFORNIA MUNI BOND | COM | 464288356 | 260,333 | 4,480 | SH | SOLE | 0 | 0 | 4,480 | ||
| ISHARES CORE GROWTH ALLOCATI | COM | 464289867 | 210,717 | 3,557 | SH | SOLE | 0 | 0 | 3,557 | ||
| ISHARES CORE S&P MIDCAP ETF | COM | 464287507 | 5,717,102 | 91,738 | SH | SOLE | 0 | 0 | 91,738 | ||
| ISHARES CORE S&P SMALL-CAP E | COM | 464287804 | 223,394 | 1,910 | SH | SOLE | 0 | 0 | 1,910 | ||
| ISHARES FLOATING RATE BOND E | COM | 46429B655 | 5,909,868 | 115,789 | SH | SOLE | 0 | 0 | 115,789 | ||
| ISHARES GLOBAL HEALTHCARE ET | COM | 464287325 | 5,277,572 | 53,765 | SH | SOLE | 0 | 0 | 53,765 | ||
| ISHARES GLOBAL TECH ETF | COM | 464287291 | 3,809,368 | 46,157 | SH | SOLE | 0 | 0 | 46,157 | ||
| ISHARES GOLD TRUST | COM | 464285204 | 222,557 | 4,478 | SH | SOLE | 0 | 0 | 4,478 | ||
| ISHARES GSCI COMMODITY DYNAM | COM | 46431W853 | 264,230 | 10,198 | SH | SOLE | 0 | 0 | 10,198 | ||
| ISHARES IBONDS DEC 2028 TERM | COM | 46436E833 | 4,327,217 | 192,276 | SH | SOLE | 0 | 0 | 192,276 | ||
| ISHARES MSCI EAFE ETF | COM | 464287465 | 741,230 | 8,863 | SH | SOLE | 0 | 0 | 8,863 | ||
| ISHARES MSCI EAFE SMALL-CAP | COM | 464288273 | 4,599,049 | 67,933 | SH | SOLE | 0 | 0 | 67,933 | ||
| ISHARES MSCI USA MIN VOL FAC | COM | 46429B697 | 365,418 | 4,002 | SH | SOLE | 0 | 0 | 4,002 | ||
| ISHARES RUSSELL 1000 ETF | COM | 464287622 | 5,641,809 | 17,945 | SH | SOLE | 0 | 0 | 17,945 | ||
| ISHARES RUSSELL 1000 GROWTH | COM | 464287614 | 407,287 | 1,085 | SH | SOLE | 0 | 0 | 1,085 | ||
| ISHARES RUSSELL 2000 ETF | COM | 464287655 | 1,865,119 | 8,444 | SH | SOLE | 0 | 0 | 8,444 | ||
| ISHARES RUSSELL MID-CAP ETF | COM | 464287499 | 3,066,945 | 34,796 | SH | SOLE | 0 | 0 | 34,796 | ||
| ISHARES SHORT-TERM NATIONAL | COM | 464288158 | 206,009 | 1,940 | SH | SOLE | 0 | 0 | 1,940 | ||
| JAMES HARDIE IND PLC-SP ADR | ADR | 47030M106 | 260,975 | 6,500 | SH | DFND | 6,500 | 0 | 0 | ||
| JAMES HARDIE IND PLC-SP ADR | ADR | 47030M106 | 1,003,750 | 25,000 | SH | DFND | 25,000 | 0 | 0 | ||
| JOHN HANCOCK FINANCIAL OPP | COM | 409735206 | 3,116,768 | 93,992 | SH | SOLE | 0 | 0 | 93,992 | ||
| JOHN HANCOCK MULTI FACT LRG | COM | 47804J107 | 2,487,921 | 35,828 | SH | SOLE | 0 | 0 | 35,828 | ||
| JOHNSON & JOHNSON | COM | 478160104 | 3,313,075 | 20,444 | SH | SOLE | 0 | 0 | 20,444 | ||
| JPMORGAN CHASE & CO | COM | 46625H100 | 491,093 | 2,329 | SH | SOLE | 0 | 0 | 2,329 | ||
| JPMORGAN CHASE & CO | COM | 46625H100 | 442,806 | 2,100 | SH | DFND | 2,100 | 0 | 0 | ||
| JPMORGAN ULTRA-SHORT INCOME | COM | 46641Q837 | 1,677,889 | 33,068 | SH | SOLE | 0 | 0 | 33,068 | ||
| KAJIMA CORP-UNSPONSORED ADR | ADR | 483111209 | 222,585 | 11,900 | SH | DFND | 11,900 | 0 | 0 | ||
| LENNAR CORP-A | COM | 526057104 | 599,936 | 3,200 | SH | DFND | 3,200 | 0 | 0 | ||
| LENNOX INTERNATIONAL INC | COM | 526107107 | 1,027,293 | 1,700 | SH | DFND | 1,700 | 0 | 0 | ||
| LOCKHEED MARTIN CORP | COM | 539830109 | 2,923,969 | 5,002 | SH | SOLE | 0 | 0 | 5,002 | ||
| LOWE'S COS INC | COM | 548661107 | 4,376,665 | 16,159 | SH | SOLE | 0 | 0 | 16,159 | ||
| LOWE'S COS INC | COM | 548661107 | 704,210 | 2,600 | SH | DFND | 2,600 | 0 | 0 | ||
| LYNAS RARE EARTHS LTD-SP ADR | ADR | 551073307 | 163,304 | 29,800 | SH | DFND | 29,800 | 0 | 0 | ||
| MASTERCARD INC - A | COM | 57636Q104 | 218,753 | 443 | SH | SOLE | 0 | 0 | 443 | ||
| MERCK & CO. INC. | COM | 58933Y105 | 615,609 | 5,421 | SH | SOLE | 0 | 0 | 5,421 | ||
| META PLATFORMS INC-CLASS A | COM | 30303M102 | 558,129 | 975 | SH | SOLE | 0 | 0 | 975 | ||
| METLIFE INC | COM | 59156R108 | 2,503,282 | 30,350 | SH | SOLE | 0 | 0 | 30,350 | ||
| MICROSOFT CORP | COM | 594918104 | 2,102,114 | 4,885 | SH | SOLE | 0 | 0 | 4,885 | ||
| MICROSOFT CORP | COM | 594918104 | 645,450 | 1,500 | SH | DFND | 1,500 | 0 | 0 | ||
| MILLER INDUSTRIES INC/TENN | COM | 600551204 | 854,000 | 14,000 | SH | DFND | 14,000 | 0 | 0 | ||
| MTN GROUP LTD-SPONS ADR | ADR | 62474M108 | 95,904 | 18,000 | SH | DFND | 18,000 | 0 | 0 | ||
| NESTLE SA-SPONS ADR | ADR | 641069406 | 276,843 | 2,750 | SH | DFND | 2,750 | 0 | 0 | ||
| NETAPP INC | COM | 64110D104 | 864,570 | 7,000 | SH | DFND | 7,000 | 0 | 0 | ||
| NICE LTD - SPON ADR | ADR | 653656108 | 468,909 | 2,700 | SH | DFND | 2,700 | 0 | 0 | ||
| NIDEC CORPORATION-SPON ADR | ADR | 654090109 | 220,500 | 21,000 | SH | DFND | 21,000 | 0 | 0 | ||
| NORFOLK SOUTHERN CORP | COM | 655844108 | 596,400 | 2,400 | SH | DFND | 2,400 | 0 | 0 | ||
| NOVARTIS AG-SPONSORED ADR | ADR | 66987V109 | 2,739,316 | 23,816 | SH | SOLE | 0 | 0 | 23,816 | ||
| NOVO-NORDISK A/S-SPONS ADR | ADR | 670100205 | 476,280 | 4,000 | SH | DFND | 4,000 | 0 | 0 | ||
| NUVEEN PREFERED & INCOME OPP | COM | 67073B106 | 1,802,563 | 223,366 | SH | SOLE | 0 | 0 | 223,366 | ||
| NVIDIA CORP | COM | 67066G104 | 1,542,774 | 12,704 | SH | SOLE | 0 | 0 | 12,704 | ||
| NVR INC | COM | 62944T105 | 490,590 | 50 | SH | DFND | 50 | 0 | 0 | ||
| NXP SEMICONDUCTORS NV | COM | N6596X109 | 2,874,360 | 11,976 | SH | SOLE | 0 | 0 | 11,976 | ||
| NYLI CBRE GBL INFR MGA TRM F | COM | 56064Q107 | 1,503,733 | 100,854 | SH | SOLE | 0 | 0 | 100,854 | ||
| OLD REPUBLIC INTL CORP | COM | 680223104 | 3,241,809 | 91,525 | SH | SOLE | 0 | 0 | 91,525 | ||
| ORACLE CORP | COM | 68389X105 | 1,047,960 | 6,150 | SH | SOLE | 0 | 0 | 6,150 | ||
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 | 831,321 | 44,912 | SH | SOLE | 0 | 0 | 44,912 | ||
| PEARSON PLC-SPONSORED ADR | ADR | 705015105 | 217,120 | 16,000 | SH | DFND | 16,000 | 0 | 0 | ||
| PHILIP MORRIS INTERNATIONAL | COM | 718172109 | 208,808 | 1,720 | SH | SOLE | 0 | 0 | 1,720 | ||
| PIMCO ENHANCED SHORT MATURIT | COM | 72201R833 | 1,276,820 | 12,681 | SH | SOLE | 0 | 0 | 12,681 | ||
| PLEXUS CORP | COM | 729132100 | 2,181,755 | 15,959 | SH | SOLE | 0 | 0 | 15,959 | ||
| PROCTER & GAMBLE CO/THE | COM | 742718109 | 244,732 | 1,413 | SH | SOLE | 0 | 0 | 1,413 | ||
| PROCTER & GAMBLE CO/THE | COM | 742718109 | 536,920 | 3,100 | SH | DFND | 3,100 | 0 | 0 | ||
| QUALCOMM INC | COM | 747525103 | 1,081,164 | 6,358 | SH | SOLE | 0 | 0 | 6,358 | ||
| REPUBLIC SERVICES INC | COM | 760759100 | 200,840 | 1,000 | SH | DFND | 1,000 | 0 | 0 | ||
| RGC RESOURCES INC | COM | 74955L103 | 981,976 | 43,508 | SH | SOLE | 0 | 0 | 43,508 | ||
| RIO TINTO PLC-SPON ADR | ADR | 767204100 | 1,134,806 | 15,945 | SH | SOLE | 0 | 0 | 15,945 | ||
| ROCHE HOLDINGS LTD-SPONS ADR | ADR | 771195104 | 479,400 | 12,000 | SH | DFND | 12,000 | 0 | 0 | ||
| ROYCE MICRO-CAP TRUST INC | COM | 780915104 | 2,924,412 | 304,309 | SH | SOLE | 0 | 0 | 304,309 | ||
| ROYCE SMALL-CAP TRUST INC | COM | 780910105 | 218,219 | 13,899 | SH | SOLE | 0 | 0 | 13,899 | ||
| SCHWAB FNDMNTL US LRG CO ETF | COM | 808524771 | 3,543,644 | 49,382 | SH | SOLE | 0 | 0 | 49,382 | ||
| SCHWAB INTL EQUITY ETF | COM | 808524805 | 429,199 | 10,438 | SH | SOLE | 0 | 0 | 10,438 | ||
| SCHWAB US MID CAP ETF | COM | 808524508 | 470,003 | 5,657 | SH | SOLE | 0 | 0 | 5,657 | ||
| SCHWAB US SMALL-CAP ETF | COM | 808524607 | 502,684 | 9,761 | SH | SOLE | 0 | 0 | 9,761 | ||
| SHOPRITE HOLDINGS-SPN ADR | ADR | 82510E209 | 413,484 | 24,000 | SH | DFND | 24,000 | 0 | 0 | ||
| SIEMENS AG-SPONS ADR | ADR | 826197501 | 707,350 | 7,000 | SH | DFND | 7,000 | 0 | 0 | ||
| SKYWORKS SOLUTIONS INC | COM | 83088M102 | 355,572 | 3,600 | SH | DFND | 3,600 | 0 | 0 | ||
| SONOS INC | COM | 83570H108 | 1,769,760 | 144,000 | SH | SOLE | 0 | 0 | 144,000 | ||
| SONY GROUP CORP - SP ADR | ADR | 835699307 | 386,280 | 4,000 | SH | DFND | 4,000 | 0 | 0 | ||
| SOUTHERN CO/THE | COM | 842587107 | 1,313,111 | 14,561 | SH | SOLE | 0 | 0 | 14,561 | ||
| SPDR PORT SHRT TRM CORP BND | COM | 78464A474 | 1,406,476 | 46,449 | SH | SOLE | 0 | 0 | 46,449 | ||
| SPDR S&P 500 ETF TRUST | COM | 78462F103 | 1,087,849 | 1,896 | SH | SOLE | 0 | 0 | 1,896 | ||
| SPDR S&P MIDCAP 400 ETF TRST | COM | 78467Y107 | 786,131 | 1,380 | SH | SOLE | 0 | 0 | 1,380 | ||
| SPDR S&P OIL & GAS EXP & PR | COM | 78468R556 | 401,993 | 3,057 | SH | SOLE | 0 | 0 | 3,057 | ||
| STELLAR BANCORP INC | COM | 858927106 | 1,068,998 | 41,290 | SH | SOLE | 0 | 0 | 41,290 | ||
| STRYKER CORP | COM | 863667101 | 5,055,292 | 13,994 | SH | SOLE | 0 | 0 | 13,994 | ||
| SUMMIT MATERIALS INC -CL A | COM | 86614U100 | 338,780 | 8,680 | SH | DFND | 8,680 | 0 | 0 | ||
| TAIWAN SEMICONDUCTOR-SP ADR | ADR | 874039100 | 347,340 | 2,000 | SH | DFND | 2,000 | 0 | 0 | ||
| TECHTRONIC INDUSTRIES-SP ADR | ADR | 87873R101 | 414,150 | 5,500 | SH | DFND | 5,500 | 0 | 0 | ||
| TECNOGLASS INC | COM | G87264100 | 1,348,070 | 19,634 | SH | DFND | 19,634 | 0 | 0 | ||
| TELLURIAN INC | COM | 87968A104 | 24,622 | 25,436 | SH | SOLE | 0 | 0 | 25,436 | ||
| TESLA INC | COM | 88160R101 | 315,526 | 1,206 | SH | SOLE | 0 | 0 | 1,206 | ||
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 835,070 | 1,350 | SH | DFND | 1,350 | 0 | 0 | ||
| ULTRA CLEAN HOLDINGS INC | COM | 90385V107 | 2,045,334 | 51,223 | SH | SOLE | 0 | 0 | 51,223 | ||
| UNILEVER PLC-SPONSORED ADR | ADR | 904767704 | 454,720 | 7,000 | SH | DFND | 7,000 | 0 | 0 | ||
| VALMONT INDUSTRIES | COM | 920253101 | 4,701,708 | 16,216 | SH | SOLE | 0 | 0 | 16,216 | ||
| VANECK MORNINGSTAR WIDE MOAT | COM | 92189F643 | 2,024,801 | 20,885 | SH | SOLE | 0 | 0 | 20,885 | ||
| VANECK MSTAR INT MOAT ETF | COM | 92189F593 | 1,406,836 | 40,144 | SH | SOLE | 0 | 0 | 40,144 | ||
| VANGUARD ENERGY ETF | COM | 92204A306 | 1,852,775 | 15,128 | SH | SOLE | 0 | 0 | 15,128 | ||
| VANGUARD FTSE DEVELOPED ETF | COM | 921943858 | 11,311,539 | 214,193 | SH | SOLE | 0 | 0 | 214,193 | ||
| VANGUARD FTSE EMERGING MARKE | COM | 922042858 | 1,395,779 | 29,170 | SH | SOLE | 0 | 0 | 29,170 | ||
| VANGUARD HIGH DVD YIELD ETF | COM | 921946406 | 1,493,081 | 11,647 | SH | SOLE | 0 | 0 | 11,647 | ||
| VANGUARD INFO TECH ETF | COM | 92204A702 | 13,359,954 | 22,778 | SH | SOLE | 0 | 0 | 22,778 | ||
| VANGUARD S/T CORP BOND ETF | COM | 92206C409 | 5,292,650 | 66,641 | SH | SOLE | 0 | 0 | 66,641 | ||
| VANGUARD TOTAL STOCK MKT ETF | COM | 922908769 | 1,505,891 | 5,318 | SH | SOLE | 0 | 0 | 5,318 | ||
| VERITEX HOLDINGS INC | COM | 923451108 | 310,418 | 11,794 | SH | SOLE | 0 | 0 | 11,794 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 690,716 | 15,380 | SH | SOLE | 0 | 0 | 15,380 | ||
| VISA INC-CLASS A SHARES | COM | 92826C839 | 435,246 | 1,583 | SH | SOLE | 0 | 0 | 1,583 | ||
| VISA INC-CLASS A SHARES | COM | 92826C839 | 461,916 | 1,680 | SH | SOLE | 0 | 0 | 1,680 | ||
| VOYA FINANCIAL INC | COM | 929089100 | 3,082,094 | 38,906 | SH | SOLE | 0 | 0 | 38,906 | ||
| WALMART DE MEXICO SAB DE CV | COM | P98180188 | 30,233 | 10,016 | SH | SOLE | 0 | 0 | 10,016 | ||
| WALT DISNEY CO/THE | COM | 254687106 | 453,904 | 4,719 | SH | SOLE | 0 | 0 | 4,719 | ||
| WASTE MANAGEMENT INC | COM | 94106L109 | 1,275,532 | 6,144 | SH | SOLE | 0 | 0 | 6,144 | ||
| WESTERN ASSET HI INC OPPORT | COM | 95766K109 | 4,083,647 | 1,008,308 | SH | SOLE | 0 | 0 | 1,008,308 | ||
| WILLIAMS COS INC | COM | 969457100 | 1,830,063 | 40,089 | SH | SOLE | 0 | 0 | 40,089 | ||
