LM Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
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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 COM	COM	002824100	547	4,840	SH		SOLE		4,840	0	0
ADOBE INC COM	COM	00724F101	427	960	SH		SOLE		960	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	306	2,534	SH		SOLE		2,534	0	0
ALIBABA GROUP HLDG LTD SPONSORED ADS	ADR	01609W102	855	10,079	SH		SOLE		10,079	0	0
ALPHABET INC CAP STK CL A	Cl A	02079K305	9,308	49,172	SH		SOLE		49,172	0	0
ALPHABET INC CAP STK CL C	Cl C	02079K107	25,629	134,579	SH		SOLE		134,579	0	0
AMAZON COM INC COM	COM	023135106	53,436	243,567	SH		SOLE		243,567	0	0
AMERICAN EXPRESS CO COM	COM	025816109	611	2,058	SH		SOLE		2,058	0	0
AMERICAN TOWER CORP NEW COM	COM	03027X100	370	2,002	SH		SOLE		2,002	0	0
AMGEN INC COM	COM	031162100	641	2,460	SH		SOLE		2,460	0	0
APPLE INC COM	COM	037833100	24,342	97,203	SH		SOLE		97,203	0	0
ASML HOLDING N V N Y REGISTRY SHS	COM	N07059210	751	1,083	SH		SOLE		1,083	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	981	3,334	SH		SOLE		3,334	0	0
BAKER HUGHES COMPANY CL A	Cl A	05722G100	359	8,750	SH		SOLE		8,750	0	0
BANK AMERICA CORP COM	COM	060505104	2,282	51,922	SH		SOLE		51,922	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	302	3,927	SH		SOLE		3,927	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Cl B	084670702	6,532	14,410	SH		SOLE		14,410	0	0
BLACKROCK INC COM ADDED	COM	09290D101	879	857	SH		SOLE		857	0	0
BLACKSTONE INC COM	COM	09260D107	838	4,863	SH		SOLE		4,863	0	0
BLACKSTONE SECD LENDING FD COMMON STOCK	COM	09261X102	731	22,088	SH		SOLE		22,088	0	0
BOEING CO COM	COM	097023105	553	3,122	SH		SOLE		3,122	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	241	2,700	SH		SOLE		2,700	0	0
BROADCOM INC COM	COM	11135F101	3,310	14,277	SH		SOLE		14,277	0	0
CATERPILLAR INC COM	COM	149123101	467	1,286	SH		SOLE		1,286	0	0
CHECK POINT SOFTWARE TECH LT ORD	COM	M22465104	280	1,500	SH		SOLE		1,500	0	0
CHEVRON CORP NEW COM	COM	166764100	649	4,479	SH		SOLE		4,479	0	0
CITIGROUP INC COM NEW	COM	172967424	1,174	16,681	SH		SOLE		16,681	0	0
CME GROUP INC COM	COM	12572Q105	822	3,539	SH		SOLE		3,539	0	0
COCA COLA CO COM	COM	191216100	750	12,041	SH		SOLE		12,041	0	0
COINBASE GLOBAL INC CALLS	OP	19260Q907	18,000	60,000	SH		SOLE		60,000	0	0
CONOCOPHILLIPS COM	COM	20825C104	262	2,646	SH		SOLE		2,646	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	4,432	4,837	SH		SOLE		4,837	0	0
CROWDSTRIKE HLDGS INC CL A	Cl A	22788C105	488	1,425	SH		SOLE		1,425	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	1,133	6,067	SH		SOLE		6,067	0	0
DIREXION SHS ETF TR DLY SCOND 3XBU	ETF	25459W458	2,054	75,200	SH		SOLE		75,200	0	0
DISNEY WALT CO COM	COM	254687106	1,460	13,052	SH		SOLE		13,052	0	0
EATON CORP PLC SHS	ADR	G29183103	880	2,652	SH		SOLE		2,652	0	0
ELI LILLY & CO COM	COM	532457108	4,739	6,138	SH		SOLE		6,138	0	0
EMERSON ELEC CO COM	COM	291011104	1,192	9,617	SH		SOLE		9,617	0	0
ENTERPRISE FINL SVCS CORP COM	COM	293712105	611	10,832	SH		SOLE		10,832	0	0
ESSEX PPTY TR INC COM	COM	297178105	2,209	7,741	SH		SOLE		7,741	0	0
EXXON MOBIL CORP COM	COM	30231G102	880	8,184	SH		SOLE		8,184	0	0
FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF	ETF	33734X846	718	11,321	SH		SOLE		11,321	0	0
FIRST TR EXCHANGE-TRADED FD SMID RISNG ETF	ETF	33741X102	760	21,180	SH		SOLE		21,180	0	0
FREEPORT-MCMORAN INC CL B	Cl B	35671D857	232	6,090	SH		SOLE		6,090	0	0
GENERAL MTRS CO COM	COM	37045V100	228	4,286	SH		SOLE		4,286	0	0
GILEAD SCIENCES INC COM	COM	375558103	1,110	12,015	SH		SOLE		12,015	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	2,045	3,572	SH		SOLE		3,572	0	0
HERCULES CAPITAL INC COM	COM	427096508	219	10,900	SH		SOLE		10,900	0	0
HOME DEPOT INC COM	COM	437076102	1,982	5,095	SH		SOLE		5,095	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	866	3,394	SH		SOLE		3,394	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	1,837	8,358	SH		SOLE		8,358	0	0
INVESCO EXCH TRADED FD TR II KBW BK ETF	ETF	46138E628	261	4,000	SH		SOLE		4,000	0	0
INVESCO EXCH TRADED FD TR II S&P500 HDL VOL	ETF	46138E362	2,779	57,522	SH		SOLE		57,522	0	0
INVESCO EXCH TRD SLF IDX FD RUSL 1000 DYNM	ETF	46138J619	33,921	625,537	SH		SOLE		625,537	0	0
INVESCO EXCHANGE TRADED FD T AEROSPACE DEFN	ETF	46137V100	688	6,000	SH		SOLE		6,000	0	0
INVESCO EXCHANGE TRADED FD T S&P500 EQL HLT	ETF	46137V332	1,074	36,645	SH		SOLE		36,645	0	0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT	ETF	46137V357	8,982	51,259	SH		SOLE		51,259	0	0
INVESCO QQQ TR UNIT SER 1	ETF	46090E103	15,591	30,497	SH		SOLE		30,497	0	0
ISHARES BITCOIN TRUST ETF SHS BEN INT	ETF	46438F101	706	13,305	SH		SOLE		13,305	0	0
ISHARES GOLD TR ISHARES NEW	ETF	464285204	2,592	52,347	SH		SOLE		52,347	0	0
ISHARES INC CORE MSCI EMKT	ETF	46434G103	3,565	68,262	SH		SOLE		68,262	0	0
ISHARES INC MSCI JPN ETF NEW	ETF	46434G822	1,769	26,365	SH		SOLE		26,365	0	0
ISHARES TR CALIF MUN BD ETF	ETF	464288356	932	16,266	SH		SOLE		16,266	0	0
ISHARES TR CORE DIV GRWTH	ETF	46434V621	287	4,684	SH		SOLE		4,684	0	0
ISHARES TR CORE MSCI EAFE	ETF	46432F842	1,781	25,344	SH		SOLE		25,344	0	0
ISHARES TR CORE S&P MCP ETF	ETF	464287507	589	9,455	SH		SOLE		9,455	0	0
ISHARES TR CORE S&P SCP ETF	ETF	464287804	225	1,957	SH		SOLE		1,957	0	0
ISHARES TR CORE S&P TTL STK	ETF	464287150	243	1,888	SH		SOLE		1,888	0	0
ISHARES TR CORE S&P500 ETF	ETF	464287200	1,828	3,106	SH		SOLE		3,106	0	0
ISHARES TR EXPND TEC SC ETF	ETF	464287549	306	3,000	SH		SOLE		3,000	0	0
ISHARES TR GLOB HLTHCRE ETF	ETF	464287325	272	3,168	SH		SOLE		3,168	0	0
ISHARES TR ISHARES BIOTECH	ETF	464287556	915	6,919	SH		SOLE		6,919	0	0
ISHARES TR ISHARES SEMICDTR	ETF	464287523	305	1,417	SH		SOLE		1,417	0	0
ISHARES TR MSCI EMG MKT ETF	ETF	464287234	251	6,010	SH		SOLE		6,010	0	0
ISHARES TR MSCI USA MIN VOL	ETF	46429B697	447	5,035	SH		SOLE		5,035	0	0
ISHARES TR RUS 1000 GRW ETF	ETF	464287614	735	1,831	SH		SOLE		1,831	0	0
ISHARES TR RUS 1000 VAL ETF	ETF	464287598	466	2,515	SH		SOLE		2,515	0	0
ISHARES TR RUSSELL 2000 ETF	ETF	464287655	387	1,750	SH		SOLE		1,750	0	0
ISHARES TR RUSSELL 3000 ETF	ETF	464287689	334	1,000	SH		SOLE		1,000	0	0
ISHARES TR SHORT TREAS BD	ETF	464288679	1,487	13,508	SH		SOLE		13,508	0	0
ISHARES TR U.S. MED DVC ETF	ETF	464288810	4,334	74,285	SH		SOLE		74,285	0	0
ISHARES TR US AER DEF ETF	ETF	464288760	579	3,983	SH		SOLE		3,983	0	0
J P MORGAN EXCHANGE TRADED F BETABULDRS JAPAN	ETF	46641Q217	223	4,069	SH		SOLE		4,069	0	0
JOHNSON & JOHNSON COM	COM	478160104	1,771	12,245	SH		SOLE		12,245	0	0
JPMORGAN CHASE & CO. COM	COM	46625H100	2,374	9,902	SH		SOLE		9,902	0	0
KLA CORP COM NEW	COM	482480100	302	480	SH		SOLE		480	0	0
LIQUIDIA CORPORATION COM NEW	COM	53635D202	12,922	2,206,443	SH		SOLE		2,206,443	0	0
LOCKHEED MARTIN CORP COM	COM	539830109	740	1,523	SH		SOLE		1,523	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	205	537	SH		SOLE		537	0	0
MASTERCARD INCORPORATED CL A	Cl A	57636Q104	1,608	3,053	SH		SOLE		3,053	0	0
MCDONALDS CORP COM	COM	580135101	1,458	5,029	SH		SOLE		5,029	0	0
MERCADOLIBRE INC COM	COM	58733R102	405	238	SH		SOLE		238	0	0
MERCK & CO INC COM	COM	58933Y105	2,010	20,046	SH		SOLE		20,046	0	0
META PLATFORMS INC CL A	Cl A	30303M102	7,863	13,430	SH		SOLE		13,430	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	651	11,351	SH		SOLE		11,351	0	0
MICROSOFT CORP COM	COM	594918104	15,471	36,704	SH		SOLE		36,704	0	0
MORGAN STANLEY COM NEW	COM	617446448	719	5,721	SH		SOLE		5,721	0	0
MORGAN STANLEY DIRECT LENDIN COM SHS	COM	61774A103	450	21,650	SH		SOLE		21,650	0	0
NETFLIX INC COM	COM	64110L106	490	550	SH		SOLE		550	0	0
NEXTERA ENERGY INC COM	COM	65339F101	981	13,678	SH		SOLE		13,678	0	0
NIKE INC CL B	Cl B	654106103	385	5,061	SH		SOLE		5,061	0	0
NOVO-NORDISK A S ADR	ADR	670100205	208	2,420	SH		SOLE		2,420	0	0
NVIDIA CORPORATION COM	COM	67066G104	4,225	31,461	SH		SOLE		31,461	0	0
ORACLE CORP COM	COM	68389X105	2,880	17,280	SH		SOLE		17,280	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	237	200	SH		SOLE		200	0	0
PACCAR INC COM	COM	693718108	1,022	9,549	SH		SOLE		9,549	0	0
PALANTIR TECHNOLOGIES INC CL A	Cl A	69608A108	2,190	28,958	SH		SOLE		28,958	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	373	2,050	SH		SOLE		2,050	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	1,255	14,705	SH		SOLE		14,705	0	0
PEPSICO INC COM	COM	713448108	1,067	6,957	SH		SOLE		6,957	0	0
PFIZER INC COM	COM	717081103	551	20,752	SH		SOLE		20,752	0	0
PHILLIPS 66 COM	COM	718546104	228	2,000	SH		SOLE		2,000	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	1,245	7,424	SH		SOLE		7,424	0	0
PROLOGIS INC. COM	COM	74340W103	291	2,752	SH		SOLE		2,752	0	0
QUALCOMM INC COM	COM	747525103	1,913	12,453	SH		SOLE		12,453	0	0
REALTY INCOME CORP COM	COM	756109104	634	11,862	SH		SOLE		11,862	0	0
RTX CORPORATION COM	COM	75513E101	353	3,052	SH		SOLE		3,052	0	0
S&P GLOBAL INC COM	COM	78409V104	451	905	SH		SOLE		905	0	0
SALESFORCE INC COM	COM	79466L302	5,817	17,378	SH		SOLE		17,378	0	0
SBA COMMUNICATIONS CORP NEW CL A	Cl A	78410G104	1,098	5,388	SH		SOLE		5,388	0	0
SELECT SECTOR SPDR TR ENERGY	ETF	81369Y506	259	3,020	SH		SOLE		3,020	0	0
SELECT SECTOR SPDR TR FINANCIAL	ETF	81369Y605	1,539	31,836	SH		SOLE		31,836	0	0
SELECT SECTOR SPDR TR SBI HEALTHCARE	ETF	81369Y209	3,838	27,900	SH		SOLE		27,900	0	0
SELECT SECTOR SPDR TR SBI INT-UTILS	ETF	81369Y886	2,138	28,244	SH		SOLE		28,244	0	0
SERVICENOW INC COM	COM	81762P102	278	262	SH		SOLE		262	0	0
SHOPIFY INC CL A	Cl A	82509L107	429	4,036	SH		SOLE		4,036	0	0
SOFI TECHNOLOGIES INC COM	COM	83406F102	1,968	127,805	SH		SOLE		127,805	0	0
SPDR DOW JONES INDL AVERAGE UT SER 1	ETF	78467X109	5,752	13,479	SH		SOLE		13,479	0	0
SPDR GOLD TR GOLD SHS	ETF	78463V107	823	3,399	SH		SOLE		3,399	0	0
SPDR INDEX SHS FDS EURO STOXX 50	ETF	78463X202	229	4,766	SH		SOLE		4,766	0	0
SPDR S&P 500 ETF TR TR UNIT	ETF	78462F103	34,212	58,179	SH		SOLE		58,179	0	0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP	ETF	78467Y107	1,617	2,829	SH		SOLE		2,829	0	0
SPDR SER TR S&P BIOTECH	ETF	78464A870	818	9,088	SH		SOLE		9,088	0	0
SPDR SER TR S&P DIVID ETF	ETF	78464A763	264	2,000	SH		SOLE		2,000	0	0
STATE STR CORP COM	COM	857477103	229	2,330	SH		SOLE		2,330	0	0
TARGET CORP COM	COM	87612E106	649	4,800	SH		SOLE		4,800	0	0
TESLA INC COM	COM	88160R101	3,678	9,107	SH		SOLE		9,107	0	0
TEXAS INSTRS INC COM	COM	882508104	970	5,172	SH		SOLE		5,172	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	1,470	2,824	SH		SOLE		2,824	0	0
UNITED PARCEL SERVICE INC CL B	Cl B	911312106	830	6,580	SH		SOLE		6,580	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	2,506	4,953	SH		SOLE		4,953	0	0
VANGUARD BD INDEX FDS SHORT TRM BOND	ETF	921937827	5,771	74,684	SH		SOLE		74,684	0	0
VANGUARD INDEX FDS EXTEND MKT ETF	ETF	922908652	511	2,689	SH		SOLE		2,689	0	0
VANGUARD INDEX FDS MCAP GR IDXVIP	ETF	922908538	495	1,950	SH		SOLE		1,950	0	0
VANGUARD INDEX FDS REAL ESTATE ETF	ETF	922908553	4,079	45,790	SH		SOLE		45,790	0	0
VANGUARD INDEX FDS S&P 500 ETF SHS	ETF	922908363	41,605	77,219	SH		SOLE		77,219	0	0
VANGUARD INDEX FDS TOTAL STK MKT	ETF	922908769	10,340	35,680	SH		SOLE		35,680	0	0
VANGUARD INDEX FDS VALUE ETF	ETF	922908744	2,929	17,302	SH		SOLE		17,302	0	0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF	ETF	922042858	3,150	71,537	SH		SOLE		71,537	0	0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF	ETF	922042874	512	8,061	SH		SOLE		8,061	0	0
VANGUARD MUN BD FDS TAX EXEMPT BD	ETF	922907746	559	11,155	SH		SOLE		11,155	0	0
VANGUARD SPECIALIZED FUNDS DIV APP ETF	ETF	921908844	18,336	93,633	SH		SOLE		93,633	0	0
VANGUARD WORLD FD HEALTH CAR ETF	ETF	92204A504	8,369	32,990	SH		SOLE		32,990	0	0
VANGUARD WORLD FD INF TECH ETF	ETF	92204A702	1,545	2,484	SH		SOLE		2,484	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	1,133	28,326	SH		SOLE		28,326	0	0
VISA INC COM CL A	Cl A	92826C839	2,339	7,399	SH		SOLE		7,399	0	0
WALMART INC COM	COM	931142103	3,081	34,020	SH		SOLE		34,020	0	0
WELLS FARGO CO NEW COM	COM	949746101	214	3,049	SH		SOLE		3,049	0	0
WISDOMTREE TR US QTLY DIV GRT	ETF	97717X669	1,283	15,843	SH		SOLE		15,843	0	0
ABRDN INCOME CREDIT STRATEGI COM	COM	003057106	618	102,205	SH		SOLE		102,205	0	0
BERKSHIRE HATHAWAY INC DEL CL A	Cl A	084670108	6,809	10	SH		SOLE		10	0	0
BLACKROCK HEALTH SCIENCES TE COM SHS	COM	09260E105	872	60,555	SH		SOLE		60,555	0	0
BLACKROCK MUN INCOME QUALITY COM	COM	092479104	1,850	170,496	SH		SOLE		170,496	0	0
BLACKROCK MUNIHLDNGS CALI QL COM	COM	09254L107	385	36,217	SH		SOLE		36,217	0	0
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT	ETF	09260K101	1,474	71,174	SH		SOLE		71,174	0	0
BLUE OWL CAP CORP III COM SHS	COM	69122G102	1,706	118,331	SH		SOLE		118,331	0	0
COLUMBIA ETF TR I MULTI SEC MUNI	ETF	19761L607	827	40,725	SH		SOLE		40,725	0	0
COLUMBIA ETF TR I RESH ENHNC COR	ETF	19761L706	785	22,678	SH		SOLE		22,678	0	0
EA SERIES TRUST ALTRIUS GBL DIV	ETF	02072L656	667	21,185	SH		SOLE		21,185	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST INT EQ M	ETF	33740U828	4,169	192,142	SH		SOLE		192,142	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST INTER EQ	ETF	33740F573	1,361	59,743	SH		SOLE		59,743	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST U.S	ETF	33740U844	3,657	94,673	SH		SOLE		94,673	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST U.S EQT	ETF	33740F433	1,127	31,290	SH		SOLE		31,290	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST U.S EQT	ETF	33740F482	280	7,468	SH		SOLE		7,468	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740F474	557	15,380	SH		SOLE		15,380	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740F516	2,441	63,165	SH		SOLE		63,165	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740F599	619	14,313	SH		SOLE		14,313	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740F722	232	4,518	SH		SOLE		4,518	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740F763	4,358	87,558	SH		SOLE		87,558	0	0
FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	33740U208	588	12,000	SH		SOLE		12,000	0	0
INVESCO EXCH TRD SLF IDX FD INVT GRD DEFSV	ETF	46139W502	815	33,650	SH		SOLE		33,650	0	0
ISHARES ETHEREUM TR SHS	ETF	46438R105	351	13,860	SH		SOLE		13,860	0	0
NUVEEN CA QUALTY MUN INCOME COM	COM	67066Y105	3,823	338,613	SH		SOLE		338,613	0	0
NUVEEN DYNAMIC MUN OPPORTUNI COM SHS	COM	67079X102	528	52,726	SH		SOLE		52,726	0	0
NUVEEN QUALITY MUNCP INCOME COM	COM	67066V101	3,664	314,255	SH		SOLE		314,255	0	0
WELLS FARGO CO NEW PERP PFD CNV A	CONV	949746804	4,111	3,442	SH		SOLE		3,442	0	0