SFS

Sowell Financial Services Portfolio holdings

AUM $2.2B

AUM

$2.2B

AUM Growth

+$296M (+16%)

Cap. Flow

+$380M

Cap. Flow % of AUM

17.32%

Top 10 Holdings %Top 10 Hldgs %

21.18%

Holding

1,041

New

536

Increased

287

Reduced

166

Closed

Top Buys

1	Rayliant Quantitative Developed Market Equity ETF RAYD	$19.2M
2	Janus Henderson B-BBB CLO ETF JBBB	$8M
3	iShares Russell Mid-Cap Growth ETF IWP	$7.93M
4	Panagram BBB-B CLO ETF CLOZ	$7.84M
5	SPDR Portfolio S&P 500 ETF SPLG	$7.34M

Top Sells

1	iShares Russell 1000 Growth ETF IWF	$14M
2	SPDR MSCI EAFE StrategicFactors ETF QEFA	$7.96M
3	Invesco S&P 500 Equal Weight ETF RSP	$7.12M
4	NVIDIA NVDA	$6.89M
5	iShares Russell Mid-Cap Value ETF IWS	$5.49M

Sector Composition

1	Technology	13.51%
2	Financials	7.57%
3	Consumer Discretionary	5.16%
4	Consumer Staples	4.56%
5	Healthcare	4.43%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1001	1001 PSQ Holdings, Inc. Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share PSQH.WS $9.65M	$17.8K	0%	77,000	New	+$17.8K
1002	1002 Origin Materials ORGN $77.5M	$11.5K	0%	17,400	New	+$11.5K
1003	1003 Tenaya Therapeutics TNYA $79.4M	$11K	0%	19,249	New	+$11K
1004	CASK 1004 Heritage Distilling Holding Company, Inc. Common Stock CASK $4.12M	$5.02K	0%	10,000	New	+$5.02K
1005	1005 Arbor Realty Trust ABR $1.95B	$0	0%	0 -17,145	Closed	–
1006	1006 Archer Daniels Midland ADM $24B	$0	0%	0 -14,642	Closed	–
1007	1007 Allison Transmission ALSN $8.94B	$0	0%	0 -19,731	Closed	–
1008	1008 ARK Innovation ETF ARKK $5.56B	$0	0%	0 -21,773	Closed	–
1009	1009 Franklin Resources BEN $11.7B	$0	0%	0 -10,146	Closed	–
1010	1010 Cal-Maine CALM $4.71B	$0	0%	0 -15,000	Closed	–
1011	1011 Climb Global Solutions CLMB $497M	$0	0%	0 -11,747	Closed	–
1012	1012 Cenovus Energy CVE $24.6B	$0	0%	0 -24,090	Closed	–
1013	1013 DNP Select Income Fund DNP $3.63B	$0	0%	0 -239,167	Closed	–
1014	1014 Healthpeak Properties DOC $12.3B	$0	0%	0 -15,387	Closed	–
1015	1015 Electromed ELMD $184M	$0	0%	0 -51,386	Closed	–
1016	1016 Enovix ENVX $1.53B	$0	0%	0 -41,432	Closed	–
1017	1017 iShares MSCI Brazil ETF EWZ $4.3B	$0	0%	0 -10,322	Closed	–
1018	1018 Gates Industrial GTES $5.64B	$0	0%	0 -12,697	Closed	–
1019	1019 Unlimited HFND Multi-Strategy Return Tracker ETF HFND $27.8M	$0	0%	0 -11,526	Closed	–
1020	1020 Amplify Mobile Payments ETF IPAY $273M	$0	0%	0 -20,521	Closed	–
1021	IPX 1021 IperionX IPX $676M	$0	0%	0 -46,421	Closed	–
1022	1022 iShares International Small Cap Equity Factor ETF ISCF $342M	$0	0%	0 -45,656	Closed	–
1023	1023 iShares Russell 2000 Value ETF IWN $10.6B	$0	0%	0 -20,543	Closed	–
1024	1024 SPDR S&P Bank ETF KBE $1.42B	$0	0%	0 -20,618	Closed	–
1025	1025 MGM Resorts International MGM $9.16B	$0	0%	0 -14,067	Closed	–