Sowell Financial Services 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
ABBOTT LABS	Stock	002824100	1,751	15,265	SH		SOLE		15,265	0	0
ABBVIE INC	Stock	00287Y109	2,920	18,142	SH		SOLE		18,142	0	0
ABERDEEN STD SILVER ETF TR	ETF	003264108	514	21,533	SH		SOLE		21,533	0	0
ADTRAN INC	Stock	00738A106	272	15,746	SH		SOLE		15,746	0	0
ADVANCED MICRO DEVICES INC	Stock	007903107	2,147	23,105	SH		SOLE		23,105	0	0
ADVISORSHARES TR	ETF	00768Y453	2,518	123,158	SH		SOLE		123,158	0	0
ALLIANCEBERNSTEIN HLDG L P	Stock	01881G106	526	14,117	SH		SOLE		14,117	0	0
ALTRIA GROUP INC	Stock	02209S103	1,078	20,602	SH		SOLE		20,602	0	0
AMERICAN AXLE & MFG HLDGS IN	Stock	024061103	273	41,346	SH		SOLE		41,346	0	0
AMPHENOL CORP NEW	Stock	032095101	1,557	22,521	SH		SOLE		22,521	0	0
ANNALY CAPITAL MANAGEMENT IN	REIT	035710409	416	63,545	SH		SOLE		63,545	0	0
APPLE INC	Stock	037833100	15,775	98,857	SH		SOLE		98,857	0	0
ARES CAPITAL CORP	CEF	04010L103	440	21,982	SH		SOLE		21,982	0	0
AT&T INC	Stock	00206R102	1,503	68,494	SH		SOLE		68,494	0	0
BARRICK GOLD CORP	Stock	067901108	260	10,825	SH		SOLE		10,825	0	0
BK OF AMERICA CORP	Stock	060505104	2,417	65,107	SH		SOLE		65,107	0	0
BLACKROCK DEBT STRATEGIES FD	CEF	09255R202	1,373	131,806	SH		SOLE		131,806	0	0
BLUEGREEN VACATIONS HLDG COR	Stock	096308101	1,273	43,052	SH		SOLE		43,052	0	0
BLUELINX HLDGS INC	Stock	09624H208	1,115	15,513	SH		SOLE		15,513	0	0
BRISTOL-MYERS SQUIBB CO	Stock	110122108	1,922	26,172	SH		SOLE		26,172	0	0
BRITISH AMERN TOB PLC	ADR	110448107	470	11,468	SH		SOLE		11,468	0	0
BUILDERS FIRSTSOURCE INC	Stock	12008R107	1,159	17,964	SH		SOLE		17,964	0	0
CADENCE BANK	Stock	12740C103	334	11,315	SH		SOLE		11,315	0	0
CAMBRIA ETF TR	ETF	132061201	3,765	58,940	SH		SOLE		58,940	0	0
CHEVRON CORP NEW	Stock	166764100	2,248	13,765	SH		SOLE		13,765	0	0
CIENA CORP	Stock	171779309	599	10,735	SH		SOLE		10,735	0	0
CISCO SYS INC	Stock	17275R102	536	10,003	SH		SOLE		10,003	0	0
CITIGROUP INC	Stock	172967424	679	13,747	SH		SOLE		13,747	0	0
CITIZENS FINL GROUP INC	Stock	174610105	495	12,751	SH		SOLE		12,751	0	0
COCA COLA CO	Stock	191216100	3,430	54,779	SH		SOLE		54,779	0	0
COHEN & STEERS QUALITY INCOM	Stock	19247L106	903	67,493	SH		SOLE		67,493	0	0
COLUMBIA ETF TR I	ETF	19761L508	702	36,016	SH		SOLE		36,016	0	0
COMCAST CORP NEW	Stock	20030N101	795	18,383	SH		SOLE		18,383	0	0
CONAGRA BRANDS INC	Stock	205887102	580	16,941	SH		SOLE		16,941	0	0
CVS HEALTH CORP	Stock	126650100	2,998	29,836	SH		SOLE		29,836	0	0
DBX ETF TR	ETF	233051432	2,889	78,109	SH		SOLE		78,109	0	0
DELTA AIR LINES INC DEL	Stock	247361702	478	12,502	SH		SOLE		12,502	0	0
DEVON ENERGY CORP NEW	Stock	25179M103	1,344	22,733	SH		SOLE		22,733	0	0
DIMENSIONAL ETF TRUST	ETF	25434V401	4,703	95,939	SH		SOLE		95,939	0	0
DIREXION SHS ETF TR	ETF	25460G781	1,345	51,996	SH		SOLE		51,996	0	0
DISCOVERY INC	Stock	25470F104	294	11,782	SH		SOLE		11,782	0	0
DISNEY WALT CO	Stock	254687106	2,079	16,662	SH		SOLE		16,662	0	0
DNP SELECT INCOME FD INC	Stock	23325P104	206	17,300	SH		SOLE		17,300	0	0
DOUGLAS EMMETT INC	REIT	25960P109	445	13,190	SH		SOLE		13,190	0	0
DOW INC	Stock	260557103	678	10,335	SH		SOLE		10,335	0	0
DUPONT DE NEMOURS INC	Stock	26614N102	827	12,375	SH		SOLE		12,375	0	0
EATON VANCE TAX ADVT DIV INC	CEF	27828G107	969	38,758	SH		SOLE		38,758	0	0
ENERGY TRANSFER L P	Stock	29273V100	243	22,051	SH		SOLE		22,051	0	0
ENTERPRISE PRODS PARTNERS L	Stock	293792107	965	37,444	SH		SOLE		37,444	0	0
ERICSSON	ADR	294821608	264	35,229	SH		SOLE		35,229	0	0
ETF MANAGERS TR	ETF	26924G508	1,021	18,981	SH		SOLE		18,981	0	0
ETF OPPORTUNITIES TRUST	ETF	26923N801	666	27,714	SH		SOLE		27,714	0	0
EXELON CORP	Stock	30161N101	595	12,501	SH		SOLE		12,501	0	0
EXXON MOBIL CORP	Stock	30231G102	2,434	28,910	SH		SOLE		28,910	0	0
FIDELITY COMWLTH TR	Stock	315912808	714	12,844	SH		SOLE		12,844	0	0
FIDELITY COVINGTON TRUST	ETF	316092840	2,069	49,768	SH		SOLE		49,768	0	0
FIDELITY MERRIMACK STR TR	ETF	316188101	1,219	24,337	SH		SOLE		24,337	0	0
FIRST TR EXCH TRADED FD III	ETF	33739N108	556	22,070	SH		SOLE		22,070	0	0
FIRST TR EXCHANGE TRADED FD	ETF	33734X853	850	15,463	SH		SOLE		15,463	0	0
FIRST TR EXCHANGE-TRADED FD	ETF	33738R407	4,563	106,699	SH		SOLE		106,699	0	0
FIRST TR EXCHNG TRADED FD VI	ETF	33740F805	345	10,460	SH		SOLE		10,460	0	0
FIRST TR HIGH INCOME LONG /	Stock	33738E109	868	64,488	SH		SOLE		64,488	0	0
FIRST TR INTER DURATN PFD &	CEF	33718W103	521	27,920	SH		SOLE		27,920	0	0
FIRST TR NASDAQ 100 TECH IND	ETF	337345102	3,340	28,330	SH		SOLE		28,330	0	0
FIRST TR VALUE LINE DIVID IN	ETF	33734H106	2,412	57,532	SH		SOLE		57,532	0	0
FIRSTENERGY CORP	Stock	337932107	680	14,967	SH		SOLE		14,967	0	0
FLEXSHARES TR	ETF	33939L845	2,119	58,056	SH		SOLE		58,056	0	0
FLOWERS FOODS INC	Stock	343498101	11,123	432,636	SH		SOLE		432,636	0	0
FORD MTR CO DEL	Stock	345370860	1,049	72,691	SH		SOLE		72,691	0	0
FREEPORT-MCMORAN INC	Stock	35671D857	784	18,266	SH		SOLE		18,266	0	0
FS KKR CAP CORP	CEF	302635206	568	24,230	SH		SOLE		24,230	0	0
GENCO SHIPPING & TRADING LTD	Stock	Y2685T131	256	11,922	SH		SOLE		11,922	0	0
GENERAL MTRS CO	Stock	37045V100	657	18,097	SH		SOLE		18,097	0	0
GLOBAL X FDS	ETF	37954Y483	3,050	126,746	SH		SOLE		126,746	0	0
GOLDMAN SACHS ETF TR	ETF	381430545	1,387	17,665	SH		SOLE		17,665	0	0
HANCOCK JOHN TAX-ADVANTAGED	CEF	41013V100	400	17,078	SH		SOLE		17,078	0	0
HAWAIIAN ELEC INDUSTRIES	Stock	419870100	459	10,958	SH		SOLE		10,958	0	0
HP INC	Stock	40434L105	722	19,925	SH		SOLE		19,925	0	0
HUNTINGTON BANCSHARES INC	Stock	446150104	336	25,846	SH		SOLE		25,846	0	0
INDEXIQ ETF TR	ETF	45409B800	1,257	39,402	SH		SOLE		39,402	0	0
INTEL CORP	Stock	458140100	975	21,036	SH		SOLE		21,036	0	0
INVESCO ACTIVELY MANAGED ETF	ETF	46090A705	1,232	31,964	SH		SOLE		31,964	0	0
INVESCO DB COMMDY INDX TRCK	Stock	46138B103	369	14,172	SH		SOLE		14,172	0	0
INVESCO DB MULTI-SECTOR COMM	Stock	46140H106	284	13,184	SH		SOLE		13,184	0	0
INVESCO DB US DLR INDEX TR	ETF	46141D203	266	10,101	SH		SOLE		10,101	0	0
INVESCO EXCH TRADED FD TR II	ETF	46138E784	15,883	445,355	SH		SOLE		445,355	0	0
INVESCO EXCHANGE TRADED FD T	ETF	46137V357	7,901	95,544	SH		SOLE		95,544	0	0
INVESCO LTD	Stock	G491BT108	358	20,465	SH		SOLE		20,465	0	0
INVESCO QQQ TR	ETF	46090E103	12,632	36,846	SH		SOLE		36,846	0	0
INVESCO SR INCOME TR	Stock	46131H107	455	117,757	SH		SOLE		117,757	0	0
ISHARES GOLD TR	ETF	464285204	3,788	104,248	SH		SOLE		104,248	0	0
ISHARES INC	-	464286350	523	12,168	SH		SOLE		12,168	0	0
ISHARES INC	ETF	46434G103	2,927	55,424	SH		SOLE		55,424	0	0
ISHARES S&P GSCI COMMODITY-	Stock	46428R107	673	28,378	SH		SOLE		28,378	0	0
ISHARES SILVER TR	ETF	46428Q109	1,240	54,204	SH		SOLE		54,204	0	0
ISHARES TR	ETF	464287168	113,110	1,287,928	SH		SOLE		1,287,928	0	0
ISHARES U S ETF TR	ETF	46431W606	1,398	32,445	SH		SOLE		32,445	0	0
J P MORGAN EXCHANGE-TRADED F	ETF	46641Q837	34,363	676,595	SH		SOLE		676,595	0	0
JANUS DETROIT STR TR	ETF	47103U886	1,120	22,367	SH		SOLE		22,367	0	0
JOHNSON & JOHNSON	Stock	478160104	2,811	15,848	SH		SOLE		15,848	0	0
JPMORGAN CHASE & CO	Stock	46625H100	1,779	13,640	SH		SOLE		13,640	0	0
KINDER MORGAN INC DEL	Stock	49456B101	477	25,399	SH		SOLE		25,399	0	0
KRAFT HEINZ CO	Stock	500754106	834	20,875	SH		SOLE		20,875	0	0
KROGER CO	Stock	501044101	1,459	25,647	SH		SOLE		25,647	0	0
LISTED FD TR	ETF	53656F425	4,665	175,670	SH		SOLE		175,670	0	0
LOWES COS INC	Stock	548661107	2,015	10,062	SH		SOLE		10,062	0	0
MEDTRONIC PLC	Stock	G5960L103	1,191	10,970	SH		SOLE		10,970	0	0
META PLATFORMS INC	Stock	30303M102	2,556	12,620	SH		SOLE		12,620	0	0
METROPOLITAN BK HLDG CORP	Stock	591774104	1,238	12,161	SH		SOLE		12,161	0	0
MICRON TECHNOLOGY INC	Stock	595112103	709	10,367	SH		SOLE		10,367	0	0
MICROSOFT CORP	Stock	594918104	11,713	41,876	SH		SOLE		41,876	0	0
MORGAN STANLEY	Stock	617446448	933	11,022	SH		SOLE		11,022	0	0
NEXTERA ENERGY INC	Stock	65339F101	770	10,559	SH		SOLE		10,559	0	0
NORTHERN LTS FD TR IV	ETF	66538H641	664	18,410	SH		SOLE		18,410	0	0
NUSHARES ETF TR	ETF	67092P607	3,067	75,790	SH		SOLE		75,790	0	0
NUVEEN CR STRATEGIES INCOME	Stock	67073D102	941	151,247	SH		SOLE		151,247	0	0
NUVEEN MORTGAGE AND INCOME F	Stock	670735109	358	20,629	SH		SOLE		20,629	0	0
NVIDIA CORPORATION	Stock	67066G104	7,242	38,757	SH		SOLE		38,757	0	0
OCCIDENTAL PETE CORP	Stock	674599105	833	14,104	SH		SOLE		14,104	0	0
ONEOK INC NEW	Stock	682680103	835	12,768	SH		SOLE		12,768	0	0
PACER FDS TR	ETF	69374H766	4,474	118,580	SH		SOLE		118,580	0	0
PEPSICO INC	Stock	713448108	1,739	10,319	SH		SOLE		10,319	0	0
PERMIAN BASIN RTY TR	Stock	714236106	1,934	154,594	SH		SOLE		154,594	0	0
PFIZER INC	Stock	717081103	1,625	31,559	SH		SOLE		31,559	0	0
PILGRIMS PRIDE CORP	Stock	72147K108	264	10,521	SH		SOLE		10,521	0	0
PIMCO CALIF MUN INCOME FD II	Stock	72200M108	201	29,209	SH		SOLE		29,209	0	0
PIMCO CORPORATE & INCOME OPP	Stock	72201B101	239	17,134	SH		SOLE		17,134	0	0
PIMCO ETF TR	ETF	72201R775	8,350	122,068	SH		SOLE		122,068	0	0
PLAINS GP HLDGS L P	Stock	72651A207	495	46,147	SH		SOLE		46,147	0	0
PPL CORP	Stock	69351T106	361	12,575	SH		SOLE		12,575	0	0
PROSHARES TR	-	74347B250	491	18,588	SH		SOLE		18,588	0	0
PROSHARES TR	ETF	74347R206	12,646	360,577	SH		SOLE		360,577	0	0
QUALCOMM INC	Stock	747525103	2,248	15,250	SH		SOLE		15,250	0	0
RAYTHEON TECHNOLOGIES CORP	Stock	75513E101	981	10,420	SH		SOLE		10,420	0	0
READY CAPITAL CORP	REIT	75574U101	328	21,803	SH		SOLE		21,803	0	0
REGIONS FINANCIAL CORP NEW	Stock	7591EP100	351	15,686	SH		SOLE		15,686	0	0
SCHWAB STRATEGIC TR	ETF	808524755	8,116	136,412	SH		SOLE		136,412	0	0
SELECT SECTOR SPDR TR	ETF	81369Y506	21,710	251,840	SH		SOLE		251,840	0	0
SOUTHERN CO	Stock	842587107	969	13,212	SH		SOLE		13,212	0	0
SOUTHWEST AIRLS CO	Stock	844741108	846	18,722	SH		SOLE		18,722	0	0
SPDR GOLD TR	ETF	78463V107	4,585	25,677	SH		SOLE		25,677	0	0
SPDR INDEX SHS FDS	ETF	78463X434	5,145	96,171	SH		SOLE		96,171	0	0
SPDR S&P 500 ETF TR	ETF	78462F103	11,399	25,966	SH		SOLE		25,966	0	0
SPDR SER TR	ETF	78464A359	32,293	615,506	SH		SOLE		615,506	0	0
STELLANTIS N.V	Stock	N82405106	269	16,525	SH		SOLE		16,525	0	0
STRATEGY SHS	ETF	86280R803	695	27,452	SH		SOLE		27,452	0	0
SYSCO CORP	Stock	871829107	1,014	12,359	SH		SOLE		12,359	0	0
TIMOTHY PLAN	ETF	887432342	369	11,179	SH		SOLE		11,179	0	0
TWO RDS SHARED TR	ETF	90214Q105	8,296	319,287	SH		SOLE		319,287	0	0
UNITED PARCEL SERVICE INC	Stock	911312106	2,994	14,818	SH		SOLE		14,818	0	0
US BANCORP DEL	Stock	902973304	641	11,991	SH		SOLE		11,991	0	0
VALE S A	ADR	91912E105	232	11,672	SH		SOLE		11,672	0	0
VANECK ETF TRUST	ETF	92189F502	4,689	89,665	SH		SOLE		89,665	0	0
VANGUARD BD INDEX FDS	ETF	921937819	1,859	23,479	SH		SOLE		23,479	0	0
VANGUARD CHARLOTTE FDS	ETF	92203J407	1,027	19,930	SH		SOLE		19,930	0	0
VANGUARD INDEX FDS	ETF	922908363	24,095	108,038	SH		SOLE		108,038	0	0
VANGUARD INTL EQUITY INDEX F	ETF	922042742	3,348	54,996	SH		SOLE		54,996	0	0
VANGUARD MALVERN FDS	ETF	922020805	701	13,690	SH		SOLE		13,690	0	0
VANGUARD SCOTTSDALE FDS	ETF	92206C870	5,928	79,001	SH		SOLE		79,001	0	0
VANGUARD SPECIALIZED FUNDS	ETF	921908844	1,659	10,551	SH		SOLE		10,551	0	0
VANGUARD TAX-MANAGED INTL FD	ETF	921943858	828	17,368	SH		SOLE		17,368	0	0
VANGUARD WHITEHALL FDS	ETF	921946406	3,848	45,319	SH		SOLE		45,319	0	0
VANGUARD WORLD FD	ETF	921910709	1,447	13,138	SH		SOLE		13,138	0	0
VERIZON COMMUNICATIONS INC	Stock	92343V104	2,921	59,023	SH		SOLE		59,023	0	0
VISA INC	Stock	92826C839	2,387	11,184	SH		SOLE		11,184	0	0
WALGREENS BOOTS ALLIANCE INC	Stock	931427108	545	12,171	SH		SOLE		12,171	0	0
WALMART INC	Stock	931142103	4,140	27,820	SH		SOLE		27,820	0	0
WELLS FARGO CO NEW	Stock	949746101	1,025	22,893	SH		SOLE		22,893	0	0
WESTERN ASSET GLOBAL CORP DE	CEF	95790C107	876	58,950	SH		SOLE		58,950	0	0
WESTERN UN CO	Stock	959802109	242	13,518	SH		SOLE		13,518	0	0
WILLIAMS COS INC	Stock	969457100	350	10,144	SH		SOLE		10,144	0	0
WISDOMTREE TR	ETF	97717W430	1,648	38,692	SH		SOLE		38,692	0	0
WOODWARD INC	Stock	980745103	1,449	11,601	SH		SOLE		11,601	0	0