J.Safra Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information 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
INVESCO QQQ TR UNIT SER 1	UNIT SER 1	46090E103	86,992,569	271,064	SH		SOLE		271,064	0	0
ISHARES INC ISHARES MSCI BRAZIL ETF	MSCI BRAZIL ETF	464286400	237,658	8,680	SH		SOLE		8,680	0	0
ISHARES CORE U S AGGREGATE BD ETF	CORE US AGGBD ET	464287226	4,163,357	41,784	SH		SOLE		41,784	0	0
ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF	IBOXX INV CP ETF	464287242	5,239,906	47,805	SH		SOLE		47,805	0	0
ISHARES RUSSELL 1000 GROWTH ETF	RUS 1000 GRW ETF	464287614	18,570,545	76,006	SH		SOLE		76,006	0	0
ISHARES U S TECHNOLOGY ETF	U.S. TECH ETF	464287721	4,445,970	47,904	SH		SOLE		47,904	0	0
ISHARES TRUST ISHARES J P MORGAN USD EMERGING MARKETS BOND ETF	JPMORGAN USD EMG	464288281	7,659,507	88,775	SH		SOLE		88,775	0	0
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	IBOXX HI YD ETF	464288513	6,069,007	80,331	SH		SOLE		80,331	0	0
ORACLE CORPORATION	COM	68389X105	185,840	2,000	SH		SOLE		2,000	0	0
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	SPONSORED ADR	71654V408	145,988	13,997	SH		SOLE		13,997	0	0
SPDR S&P 500 ETF TRUST	ETF TR UNIT	78462F103	102,272,172	249,816	SH		SOLE		249,816	0	0
SELECT SECTOR SPDR FUND SHS BEN INT MATERIALS	SBI MATERIAL	81369Y100	3,018,942	37,428	SH		SOLE		37,428	0	0
SELECT SECTOR SPDR TRUST THE HEALTH CARE SELECT SECTOR SPDR FUND	SBI HEALTHCARE	81369Y209	59,399,872	458,828	SH		SOLE		458,828	0	0
SECTOR SPDR TRUST SBI CONSUMER STAPLES	SBI CONS STPLS	81369Y308	21,521,784	288,071	SH		SOLE		288,071	0	0
SELECT SECTOR SPDR TRUST SHS BEN INT ENERGY	ENERGY	81369Y506	18,236,018	220,162	SH		SOLE		220,162	0	0
SELECT SECTOR SPDR TRUST THE FINANCIAL SELECT SECTOR SPDR FUND	FINANCIAL	81369Y605	66,411,033	2,065,662	SH		SOLE		2,065,662	0	0
SELECT SECTOR SPDR TRUST THE TECHNOLOGY SELECT SECTOR SPDR FUND	TECHNOLOGY	81369Y803	110,660,883	732,805	SH		SOLE		732,805	0	0
TESLA INC COMMON STOCK	COM	88160R101	3,955,224	19,065	SH		SOLE		19,065	0	0
SPDR S&P DIVIDEND ETF	S&P Divid EFT	78464A763	41,894,391	338,650	SH		SOLE		338,650	0	0
MICROSOFT CORP	COM	594918104	1,998,783	6,933	SH		SOLE		6,933	0	0
ACCENTURE PLC IRELAND SHS CL A	SHS CLASS A	G1151C101	125,470	439	SH		SOLE		439	0	0
ALPHABET INC CLASS A COMMON STOCK	CAP STK CL A	02079K305	367,204	3,540	SH		SOLE		3,540	0	0
AON PLC CLASS A ORDINARY SHARES	SHS CL A	G0403H108	194,849	618	SH		SOLE		618	0	0
ADOBE INC COMMON STOCK	COM	00724F101	69,366	180	SH		SOLE		180	0	0
COSTCO WHOLESALE CORP-NEW	COM	22160K105	152,042	306	SH		SOLE		306	0	0
CHUBB LTD COM	COM	H1467J104	128,158	660	SH		SOLE		660	0	0
CIGNA CORPORATION COMMON STOCK	COM	125523100	109,877	430	SH		SOLE		430	0	0
CONOCOPHILLIPS COMMON STOCK	COM	20825C104	155,362	1,566	SH		SOLE		1,566	0	0
DANAHER CORPORATION	COM	235851102	153,492	609	SH		SOLE		609	0	0
EXXON MOBIL CORP	COM	30231G102	211,095	1,925	SH		SOLE		1,925	0	0
EATON CORPORATION PLC	COM	G29183103	244,673	1,428	SH		SOLE		1,428	0	0
HONEYWELL INTL INC	COM	438516106	242,531	1,269	SH		SOLE		1,269	0	0
HOME DEPOT INC	COM	437076102	254,983	864	SH		SOLE		864	0	0
JPMORGAN CHASE & CO	COM	46625H100	294,109	2,257	SH		SOLE		2,257	0	0
JOHNSON & JOHNSON	COM	478160104	111,755	721	SH		SOLE		721	0	0
ELI LILLY & CO	COM	532457108	233,869	681	SH		SOLE		681	0	0
MCKESSON CORP	COM	58155Q103	97,201	273	SH		SOLE		273	0	0
MASTERCARD INCORPORATED	COM	57636Q104	227,494	626	SH		SOLE		626	0	0
NVIDIA CORP	COM	67066G104	235,548	848	SH		SOLE		848	0	0
NASDAQ INC COM	COM	631103108	58,059	1,062	SH		SOLE		1,062	0	0
NEXTERA ENERGY INC	COM	65339F101	315,950	4,099	SH		SOLE		4,099	0	0
NORTHROP GRUMMAN CORP	COM	666807102	217,008	470	SH		SOLE		470	0	0
ROCKWELL AUTOMATION INC	COM	773903109	217,153	740	SH		SOLE		740	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	49,551	420	SH		SOLE		420	0	0
TEXAS INSTRUMENTS INCORPORATED	COM	882508104	160,340	862	SH		SOLE		862	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	167,147	290	SH		SOLE		290	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	183,837	389	SH		SOLE		389	0	0
UNION PACIFIC CORP	COM	907818108	148,529	738	SH		SOLE		738	0	0
VISA INC CL A COMMON STOCK	COM	92826C839	212,834	944	SH		SOLE		944	0	0
WALMART INC COMMON STOCK	COM	931142103	123,710	839	SH		SOLE		839	0	0
ZOETIS INC CL A	CL A	98978V103	176,592	1,061	SH		SOLE		1,061	0	0
SPDR SER TR S&P BIOTECH ETF	S&P Biotech	78464A870	272,374	3,574	SH		SOLE		3,574	0	0
ALPHABET INC CLASS C CAPITAL STOCK	CaAP STK CL C	02079K107	426,400	4,100	SH		SOLE		4,100	0	0
SPDR SERIES TRUST SPDR BLOOMBERG 1 3 MONTH T BILL ETF	Bloomberg 1-3 Month	78468R663	7,396,009	80,549	SH		SOLE		80,549	0	0
AMERICAN TOWER CORPORATION REIT	COM	03027X100	129,755	635	SH		SOLE		635	0	0
CONSTELLATION BRANDS INC CL A	CL A	21036P108	101,424	449	SH		SOLE		449	0	0
PROLOGIS INC	COM	74340W103	114,913	921	SH		SOLE		921	0	0
PEPSICO INC COMMON STOCK	COM	713448108	176,284	967	SH		SOLE		967	0	0
TJX COMPANIES INC NEW	COM	872540109	106,491	1,359	SH		SOLE		1,359	0	0
VANECK ETF TR VANECK SEMICONDUCTOR ETF	SEMICONDUCTR ETF	92189F676	263,190	1,000	SH		SOLE		1,000	0	0
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	400	2	SH		SOLE		2	0	0
ABBVIE INC	COM	00287Y109	203,674	1,278	SH		SOLE		1,278	0	0
AGILON HEALTH INC COMMON STOCK	COM	00857U107	4,061	171	SH		SOLE		171	0	0
BLACKROCK INC	COM	09247X101	120,441	180	SH		SOLE		180	0	0
BROADCOM INC COMMON STOCK	COM	11135F101	221,331	345	SH		SOLE		345	0	0
MERCADOLIBRE INC	COM	58733R102	5,272	4	SH		SOLE		4	0	0
MERCK & CO INC	COM	58933Y105	208,630	1,961	SH		SOLE		1,961	0	0
SPDR GOLD TR GOLD SHS	GOLD SHS	78463V107	647,133	3,532	SH		SOLE		3,532	0	0
SELECT SECTOR SPDR TRUST THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND	COMMUNICATION	81369Y852	41,298,291	712,408	SH		SOLE		712,408	0	0
ISHARES MSCI CHINA ETF	MSCI CHINA ETF	46429B671	7,218,135	144,681	SH		SOLE		144,681	0	0
ILLUMINA INC	COM	452327109	78,834	339	SH		SOLE		339	0	0
CDW CORPORATION COM	COM	12514G108	163,902	841	SH		SOLE		841	0	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	216,396	972	SH		SOLE		972	0	0
COOPER COMPANIES INC NEW (THE)	COM NEW	216648402	94,833	254	SH		SOLE		254	0	0
APPLE INC	COM	037833100	1,449,471	8,790	SH		SOLE		8,790	0	0
CHARLES SCHWAB CORP NEW	COM	808513105	117,121	2,236	SH		SOLE		2,236	0	0
BANCO BRADESCO S A SPONSORED ADR REPSTG PFD SHS	SP ADR PFD NEW	059460303	112,044	42,765	SH		SOLE		42,765	0	0
APTIV PLC	SHS	G6095L109	104,112	928	SH		SOLE		928	0	0
AMPHENOL CORPORATION CLASS A COM	CL A	032095101	109,749	1,343	SH		SOLE		1,343	0	0
NIKE INC CLASS B COM	CL B	654106103	119,941	978	SH		SOLE		978	0	0
ABBOTT LABORATORIES	COM	002824100	201,001	1,985	SH		SOLE		1,985	0	0
AMAZON.COM INC	COM	023135106	625,420	6,055	SH		SOLE		6,055	0	0
STERICYCLE INC	COM	858912108	68,075	1,561	SH		SOLE		1,561	0	0
IQVIA HOLDINGS INC COMMON STOCK	COM	46266C105	133,654	672	SH		SOLE		672	0	0
ELEVANCE HEALTH INC	COM	036752103	25,289	55	SH		SOLE		55	0	0
AIR PRODUCTS & CHEMICALS INC	COM	009158106	156,816	546	SH		SOLE		546	0	0
CHEVRON CORPORATION	COM	166764100	170,339	1,044	SH		SOLE		1,044	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	79,364	326	SH		SOLE		326	0	0
LOCKHEED MARTIN CORP	COM	539830109	104,946	222	SH		SOLE		222	0	0
MONDELEZ INTERNATIONAL INC COM	CL A	609207105	173,742	2,492	SH		SOLE		2,492	0	0
MARSH & MCLENNAN COMPANIES INC	COM	571748102	123,247	740	SH		SOLE		740	0	0
MCDONALDS CORP	COM	580135101	123,308	441	SH		SOLE		441	0	0
PHILLIPS 66 COM	COM	718546104	9,326	92	SH		SOLE		92	0	0
PAYCHEX INC	COM	704326107	69,785	609	SH		SOLE		609	0	0
PROCTER & GAMBLE CO	COM	742718109	188,092	1,265	SH		SOLE		1,265	0	0
QUALCOMM INC	COM	747525103	20,667	162	SH		SOLE		162	0	0
SEMPRA COMMON STOCK	COM	816851109	83,138	550	SH		SOLE		550	0	0
STARBUCKS CORP	COM	855244109	130,058	1,249	SH		SOLE		1,249	0	0