MARSHALL INVESTMENT MANAGEMENT, LLC

PrivateCIK: 2022427

Location

LITTLETON, CO

274

Positions

$208.49M

Total AUM (reported)

2.59M

Total Shares

Allocation by class

COM$49.25M23.6%

GOLD SHS$20.24M9.7%

RAFI DYN ML US$11.36M5.4%

S&P500 PUR VAL$10.33M5.0%

CL B NEW$9.59M4.6%

ENHANCED LARGE$5.88M2.8%

SHS$5.84M2.8%

Portfolio Concentration

Top 3$41.94M20.1%

4–10$45.39M21.8%

11–25$58.11M27.9%

Rest$63.05M30.2%

Top 3 weight

20.1%

Top 10 weight

41.9%

Voting Authority Distribution

Total shares with voting rights: 2.59M

Sole

Full voting authority

15.20K

% of voting shares0.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.57M

% of voting shares99.4%

Investment Discretion (by position count)

Sole274

Shared0

Other0

Dominant voting typeNone · 99.4% of voting shares

Institutional Holdings274

Rows:

SPDR GOLD TR

SOLE

GOLD SHS

Shares47.05K

TypeSH

Market value$20.24M

9.71%

Sole

26.00

Shared

0.00

None

47.02K

PIMCO EQUITY SER

SOLE

RAFI DYN ML US

Shares194.54K

TypeSH

Market value$11.36M

5.45%

Sole

2.86K

Shared

0.00

None

191.68K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 PUR VAL

Shares96.22K

TypeSH

Market value$10.33M

4.96%

Sole

1.42K

Shared

0.00

None

94.80K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares20.02K

TypeSH

Market value$9.59M

4.60%

Sole

0.00

Shared

0.00

None

20.02K

MICROSOFT CORP

SOLE

COM

Shares20.20K

TypeSH

Market value$7.48M

3.59%

Sole

95.00

Shared

0.00

None

20.10K

AMAZON COM INC

SOLE

COM

Shares32.20K

TypeSH

Market value$6.71M

3.22%

Sole

94.00

Shared

0.00

None

32.11K

FIDELITY COVINGTON TRUST

SOLE

ENHANCED LARGE

Shares168.48K

TypeSH

Market value$5.88M

2.82%

Sole

2.56K

Shared

0.00

None

165.92K

FIDELITY COVINGTON TRUST

SOLE

FIDELITY FUND LR

Shares208.55K

TypeSH

Market value$5.80M

2.78%

Sole

3.17K

Shared

0.00

None

205.38K

FIRST TR EXCHANGE TRADED FD

SOLE

RISNG DIVD ACHIV

Shares73.10K

TypeSH

Market value$4.99M

2.39%

Sole

0.00

Shared

0.00

None

73.10K

APPLE INC

SOLE

COM

Shares19.46K

TypeSH

Market value$4.94M

2.37%

Sole

90.00

Shared

0.00

None

19.38K

JPMORGAN CHASE & CO

SOLE

COM

Shares16.39K

TypeSH

Market value$4.82M

2.31%

Sole

0.00

Shared

0.00

None

16.39K

ALPHABET INC

SOLE

CAP STK CL C

Shares16.29K

TypeSH

Market value$4.67M

2.24%

Sole

96.00

Shared

0.00

None

16.19K

NVIDIA CORPORATION

SOLE

COM

Shares26.75K

TypeSH

Market value$4.66M

2.24%

Sole

200.00

Shared

0.00

None

26.55K

MFS ACTIVE EXCHANGE TRADED F

SOLE

CORE PLUS BD ETF

Shares181.10K

TypeSH

Market value$4.51M

2.16%

Sole

422.00

Shared

0.00

None

180.68K

FIRST TR EXCHANGE-TRADED FD

SOLE

EMERGING MARKETS

Shares108.13K

TypeSH

Market value$4.04M

1.94%

Sole

1.58K

Shared

0.00

None

106.55K

TCW ETF TRUST

SOLE

FLEXIBLE INCOME

Shares101.53K

TypeSH

Market value$3.99M

1.91%

Sole

520.00

Shared

0.00

None

101.01K

FIRST TR EXCHANGE TRADED FD

SOLE

RBA INDL ETF

Shares35.10K

TypeSH

Market value$3.89M

1.87%

Sole

209.00

Shared

0.00

None

34.89K

TAIWAN SEMICONDUCTOR MANUFAC

SOLE

WALMART INC

SOLE

COM

Shares30.15K

TypeSH

Market value$3.75M

1.80%

Sole

0.00

Shared

0.00

None

30.15K

ELI LILLY & CO

SOLE

COM

Shares3.94K

TypeSH

Market value$3.63M

1.74%

Sole

33.00

Shared

0.00

None

3.91K

VERIZON COMMUNICATIONS INC

SOLE

COM

Shares70.36K

TypeSH

Market value$3.53M

1.69%

Sole

0.00

Shared

0.00

None

70.36K

DUKE ENERGY CORP NEW

SOLE

COM NEW

Shares26.43K

TypeSH

Market value$3.46M

1.66%

Sole

0.00

Shared

0.00

None

26.43K

CROWDSTRIKE HLDGS INC

SOLE

CL A

Shares8.28K

TypeSH

Market value$3.23M

1.55%

Sole

26.00

Shared

0.00

None

8.25K

FIRST TR EXCHANGE-TRADED FD

SOLE

SHS

Shares62.17K

TypeSH

Market value$3.16M

1.51%

Sole

0.00

Shared

0.00

None

62.17K

FIRST TR EXCH TRADED FD III

SOLE

INSTL PFD SECS

Shares158.41K

TypeSH

Market value$3.01M

1.44%

Sole

0.00

Shared

0.00

None

158.41K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR GOLD TRSOLE	GOLD SHS	47.05K	SH	$20.24M 9.71%	26.00	47.02K
PIMCO EQUITY SERSOLE	RAFI DYN ML US	194.54K	SH	$11.36M 5.45%	2.86K	191.68K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 PUR VAL	96.22K	SH	$10.33M 4.96%	1.42K	94.80K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	20.02K	SH	$9.59M 4.60%	0.00	20.02K
MICROSOFT CORPSOLE	COM	20.20K	SH	$7.48M 3.59%	95.00	20.10K
AMAZON COM INCSOLE	COM	32.20K	SH	$6.71M 3.22%	94.00	32.11K
FIDELITY COVINGTON TRUSTSOLE	ENHANCED LARGE	168.48K	SH	$5.88M 2.82%	2.56K	165.92K
FIDELITY COVINGTON TRUSTSOLE	FIDELITY FUND LR	208.55K	SH	$5.80M 2.78%	3.17K	205.38K
FIRST TR EXCHANGE TRADED FDSOLE	RISNG DIVD ACHIV	73.10K	SH	$4.99M 2.39%	0.00	73.10K
APPLE INCSOLE	COM	19.46K	SH	$4.94M 2.37%	90.00	19.38K
JPMORGAN CHASE & COSOLE	COM	16.39K	SH	$4.82M 2.31%	0.00	16.39K
ALPHABET INCSOLE	CAP STK CL C	16.29K	SH	$4.67M 2.24%	96.00	16.19K
NVIDIA CORPORATIONSOLE	COM	26.75K	SH	$4.66M 2.24%	200.00	26.55K
MFS ACTIVE EXCHANGE TRADED FSOLE	CORE PLUS BD ETF	181.10K	SH	$4.51M 2.16%	422.00	180.68K
FIRST TR EXCHANGE-TRADED FDSOLE	EMERGING MARKETS	108.13K	SH	$4.04M 1.94%	1.58K	106.55K
TCW ETF TRUSTSOLE	FLEXIBLE INCOME	101.53K	SH	$3.99M 1.91%	520.00	101.01K
FIRST TR EXCHANGE TRADED FDSOLE	RBA INDL ETF	35.10K	SH	$3.89M 1.87%	209.00	34.89K
TAIWAN SEMICONDUCTOR MANUFACSOLE	SPONSORED ADS	11.15K	SH	$3.77M 1.81%	80.00	11.07K
WALMART INCSOLE	COM	30.15K	SH	$3.75M 1.80%	0.00	30.15K
ELI LILLY & COSOLE	COM	3.94K	SH	$3.63M 1.74%	33.00	3.91K
VERIZON COMMUNICATIONS INCSOLE	COM	70.36K	SH	$3.53M 1.69%	0.00	70.36K
DUKE ENERGY CORP NEWSOLE	COM NEW	26.43K	SH	$3.46M 1.66%	0.00	26.43K
CROWDSTRIKE HLDGS INCSOLE	CL A	8.28K	SH	$3.23M 1.55%	26.00	8.25K
FIRST TR EXCHANGE-TRADED FDSOLE	SHS	62.17K	SH	$3.16M 1.51%	0.00	62.17K
FIRST TR EXCH TRADED FD IIISOLE	INSTL PFD SECS	158.41K	SH	$3.01M 1.44%	0.00	158.41K

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