Maripau Wealth Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Maripau Wealth Management LLC reported 154 stock positions worth $217.4 million. Its top holding was Pacer Swan Sos Fund of Funds (PSFF) at 8.6% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 8.4%) and Vanguard Ftse Developed ETF (VEA, 5.2%). Compared with Q3 2025, it opened 21 new positions, sold out of 4, added to 89 and reduced 42. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +54%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −42%).

Most Recent 13F
Q2 2026
Location
FORT WAYNE, IN
CIK
0001890698
Portfolio Value
$217.4M (Q4 2025)
SEC Filing
0001890698-26-000001 ↗ filed Feb 17, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $133.3M Q1 2024 Q2 2024: $146.4M Q2 2024 Q3 2024: $115.5M Q3 2024 Q4 2024: $168.6M Q4 2024 Q1 2025: $174.3M Q1 2025 Q2 2025: $198.5M Q2 2025 Q3 2025: $198.7M Q3 2025 Q4 2025: $217.4M $217.4M Q4 2025 Q1 2026: $227.5M Q1 2026 Q2 2026: $280.5M Q2 2026

Holdings 154 stocks · $217.4M

PSFF Pacer Swan Sos Fund of Funds 8.60% 578,197 $18.7M Add +0.9%
SPYM Ste STR SPDR PT S&P 500 ETF 8.39% 227,302 $18.2M Add +3.6%
VEA Vanguard Ftse Developed ETF 5.23% 181,937 $11.4M Add +2.4%
ACIO Aptus Collared Invest Opp 3.88% 192,796 $8.4M Add +8.0%
IBIT iShares Bitcoin Trust ETF 3.10% 135,909 $6.7M Add +11.6%
BKAG BNY Mellon Core Bond ETF 2.65% 135,976 $5.8M Add +18.3%
DRSK Aptus Defined Risk ETF 2.60% 198,628 $5.7M Add +12.7%
SPY SS SPDR S&P 500 ETF Trust-US 2.28% 7,331 $5.0M Add +6.1%
RSP Invesco S&P 500 Equal Weight 1.92% 21,750 $4.2M Add +4.3%
NVDA Nvidia Corp. 1.79% 20,853 $3.9M Add +1.9%
DMBS Doubleline Mortgage ETF 1.74% 75,944 $3.8M Add +12.7%
AAPL Apple Inc. 1.74% 13,888 $3.8M Add +21.8%
VTI VG Morningstar TS MKT ETF-US 1.65% 10,784 $3.6M Add +54.1%
VOO Vanguard S&P 500 ETF 1.63% 5,694 $3.6M Add +29.8%
VB Vanguard Most SM-Cap ETF-Usd 1.59% 13,456 $3.5M Add +1.4%
UPSD Aptus Large Cap Upside ETF 1.47% 119,379 $3.2M Add +3.5%
IVV iShares Core S&P 500 ETF 1.36% 4,313 $3.0M Add +16.4%
QQQM Invesco Nasdaq 100 ETF 1.31% 11,254 $2.8M Add +3.7%
VWO Vanguard Ftse Emerging Marke 1.28% 51,829 $2.8M Add +0.2%
MSFT Microsoft Corp. 1.20% 5,384 $2.6M Add +13.3%
ADME Aptus Drwdwn MGD Eqty ETF 1.16% 49,304 $2.5M Add +9.1%
SCHD Schwab US DVD Equity ETF 1.14% 90,791 $2.5M Add +17.9%
OSCV Opus Small Cap Value ETF 1.13% 66,277 $2.5M Add +5.3%
FRDM Freedom 100 Emeging MRKT ETF 1.12% 47,497 $2.4M Add +0.1%
AMZN Amazon.com Inc. 1.10% 10,327 $2.4M Add +27.7%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.98% 35,069 $2.1M Reduce -3.7%
IDUB Aptus Intl Enhan YLD ETF 0.97% 86,998 $2.1M Add +3.7%
DUBS Aptus LRG Cap Enh YLD ETF 0.97% 56,056 $2.1M Add +2.5%
IVE iShares S&P 500 Value ETF 0.96% 9,850 $2.1M Add +35.4%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.94% 44,146 $2.1M Reduce -2.1%
SCHP Schwab U.S. Tips ETF 0.92% 75,494 $2.0M Add +14.0%
JUCY Aptus Enhanced Yield ETF 0.91% 89,225 $2.0M Add +23.1%
FELC Fidelity Enh LRG Cap Cor ETF 0.88% 50,485 $1.9M Add +2.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.88% 3,904 $1.9M Reduce -3.4%
IVW iShares S&P 500 Growth ETF 0.81% 14,313 $1.8M Reduce -2.1%
IEMG iShares Core MSCI Emerging 0.78% 25,148 $1.7M Add +19.0%
GOOGL Alphabet Inc. Class A 0.77% 5,353 $1.7M Add +15.1%
EFV iShares MSCI Eafe Value ETF 0.69% 21,146 $1.5M Reduce -14.4%
WMT Walmart Inc. 0.69% 13,549 $1.5M Add +11.4%
VGT Vanguard Info Tech ETF 0.69% 1,990 $1.5M Reduce -0.3%
SMH Vaneck Semiconductor ETF 0.63% 3,807 $1.4M Reduce -2.7%
BUFR FT Vest Lad Buffervetf-Usd I 0.61% 38,836 $1.3M Add +219.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.61% 6,934 $1.3M Add +3.7%
GME Gamestop Corp. Class A 0.57% 62,223 $1.2M Add +0.2%
QUAL iShares MSCI USA Quality Fac 0.53% 5,812 $1.2M Reduce -41.6%
META Meta Platforms Inc. Class A 0.53% 1,738 $1.1M Add +23.7%
BRK.B Berkshire Hathaway Inc. Class B 0.50% 2,181 $1.1M Add +24.6%
MBB iShares MBS ETF 0.49% 11,083 $1.1M Reduce -4.0%
GLD SPDR Gold Shares 0.47% 2,580 $1.0M Add +4.6%
TSLA Tesla Inc. 0.46% 2,224 $1.0M Add +25.4%
JPM JPMorgan Chase & Co. 0.45% 3,005 $970K Add +4.9%
XLG Invesco S&P 500 Top 50 ETF 0.43% 15,596 $925K Reduce -3.4%
V Visa Inc. Class A 0.41% 2,525 $885K Add +3.1%
PGF Invesco Financial Preferred 0.40% 61,425 $870K Add +12.4%
QQQ Invesco QQQ Trust Series 1 0.40% 1,412 $867K Add +76.7%
BNDX Vanguard Total Intl Bond ETF 0.39% 17,517 $846K Reduce -2.1%
MSTR Strategy Inc. 0.39% 5,535 $841K Add +6.3%
BAI Ishrs AI in and Tech Act ETF 0.39% 25,181 $839K Add +2.2%
BSV Vanguard Short-Term Bond ETF 0.38% 10,501 $828K Reduce -1.9%
SCHZ Schwab US Aggregate Bond ETF 0.36% 33,457 $782K Reduce -11.3%
THRO iShares U.S. Thematic Rotati 0.35% 19,697 $760K Reduce -2.1%
BUFF Innovator Laddered Allocatio 0.34% 14,839 $736K Add +49.0%
VGLT Vanguard Long-Term Treasury 0.32% 12,319 $689K Add +18.0%
BINC iShares Flex I A ETF-Usd Inc. 0.31% 12,765 $674K Reduce -2.8%
CPRY Clmos R 2000 S A P ETF - Jan 0.30% 24,536 $662K Reduce -22.9%
OEF iShares S&P 100 ETF 0.29% 1,849 $634K Reduce -4.5%
XTEN Bondbloxx BBG 10Y US TSY ETF 0.28% 13,074 $604K Reduce -10.8%
F Ford Motor Co. filed as FORD MTR CO 0.28% 45,857 $602K Reduce -1.9%
IAUM iShares Gold Trust Micro 0.27% 13,862 $596K Reduce -1.6%
COST Costco Wholesale Corp. 0.27% 680 $585K Add +125.2%
DFAT Dimensional US Target Value 0.27% 9,799 $583K New
CPNQ Cal Nasdaq 100 St Alt PR 0.27% 21,847 $578K Add +66.8%
VHT Vanguard Health Care ETF 0.26% 2,002 $571K Add +8.4%
IAGG iShares Intl Aggregate Bond 0.26% 11,099 $555K Reduce -3.4%
GOOG Alphabet Inc. Class C 0.25% 1,761 $553K Add +12.7%
IXUS iShares Core Intl Stock ETF 0.25% 6,347 $537K Reduce -1.4%
FANG Diamondback Energy Inc. 0.25% 3,562 $536K Add +6.4%
VMBS Vanguard Mortgage-Backed Sec 0.24% 11,253 $530K Reduce -6.3%
JEPI JPMorgan Equity Premium Inco 0.24% 9,198 $524K Add +56.0%
IWY iShares Russell Top 200 Grow 0.24% 1,879 $520K Reduce -4.5%
AVGO Broadcom Inc. 0.24% 1,476 $512K Add +7.1%
IMCG iShares Morningstar Mid-Cap 0.23% 6,395 $506K Add +8.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.23% 11,112 $495K Add +53.6%
PWR Quanta Services Inc. 0.23% 1,162 $491K Reduce -1.9%
VFMV Vanguard US Minimum Volatili 0.22% 3,763 $488K Add +47.7%
TLH iShares 10-20 Year Treasury 0.22% 4,747 $483K Reduce -8.8%
SPMO Invesco S&P 500 Momentum ETF 0.22% 3,944 $483K Add +57.3%
MSTY Yieldmax MSTR Option Is ETF 0.22% 16,246 $481K Add +21.4%
AMT American Tower Corp. 0.22% 2,736 $480K Add +18.1%
LLY Eli Lilly & Co. 0.22% 441 $474K Add +17.6%
GOVT iShares US Treasury Bond ETF 0.22% 20,409 $470K Reduce -3.8%
BR Broadridge Financial Solutio 0.21% 2,072 $462K Add +7.0%
WFC Wells Fargo & Co. 0.21% 4,935 $460K Add +0.1%
XLC SS Comm Select Sector SPDR 0.21% 3,895 $454K Add +11.4%
STLD Steel Dynamics Inc. 0.21% 2,673 $453K Add +0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.20% 10,518 $445K Add +8.1%
PGR Progressive Corp. 0.20% 1,902 $433K Add +10.7%
GLDM SPDR Gold Minishares Trust 0.19% 4,955 $423K Add +11.0%
BIV Vanguard Intermediate-Term B 0.19% 5,363 $418K Reduce -1.9%
MTUM iShares MSCI USA Momentum Fa 0.19% 1,657 $415K Add +48.0%
NOW ServiceNow Inc. 0.19% 2,705 $414K Add +13.7%
IAU iShares Gold Trust 0.19% 4,996 $406K Reduce -8.4%
BLV Vanguard Long-Term Bond ETF 0.19% 5,812 $404K Reduce -1.6%
XOM Exxon Mobil Corp. 0.19% 3,351 $403K Add +10.7%
USMV iShares MSCI USA Min Vol Fac 0.18% 4,235 $399K Reduce -0.5%
CHE Chemed Corp. 0.18% 920 $393K Add +8.6%
CPRT Copart Inc. 0.18% 9,829 $385K Add +10.8%
CPSD CLMS S&P STR Alt Dec 0.17% 13,913 $362K Reduce -3.9%
AVEM Avantis Emerging Markets Eq 0.17% 4,690 $361K New
NFLX Netflix Inc. 0.17% 3,841 $360K Add +51.8%
TLT iShares 20+ Year Treasury BD 0.16% 4,090 $356K Reduce -4.9%
ORCL Oracle Corp. 0.16% 1,828 $356K Add +48.3%
SPEM State Street SP PTF Em ETF 0.16% 7,536 $353K Add +26.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.16% 3,262 $350K Add +24.9%
LIN Linde PLC 0.16% 809 $345K New
MU Micron Technology Inc. 0.15% 1,073 $335K New
SHOP Shopify Inc. Class A 0.15% 2,071 $333K Add +13.6%
VCR Vanguard Consumer Discre ETF 0.15% 802 $316K Add +2.3%
SLV iShares Silver Trust 0.14% 4,596 $303K New
BA The Boeing Co. 0.14% 1,368 $297K New
IWX iShares Russell Top 200 Valu 0.13% 3,156 $290K Reduce -5.2%
CI The Cigna Group 0.13% 1,033 $284K Add +1.7%
GD General Dynamics Corp. 0.13% 814 $274K Reduce -1.9%
DFAI Dimensional International Co. 0.12% 7,079 $270K New
VNQ Vanguard Real Estate ETF 0.12% 3,044 $269K New
ROP Roper Technologies Inc. 0.12% 597 $266K Reduce -23.5%
DFIS Dimensional International SM 0.12% 8,038 $265K New
LOW Lowe's Cos Inc. 0.12% 1,055 $254K Add +17.4%
DFAW Dimensional World Eqty ETF 0.12% 3,413 $252K New
HDEF Xtrackers MSCI Eafe High Div 0.12% 8,130 $252K No change
VYM Vanguard High DVD Yield ETF 0.12% 1,743 $250K New
HD Home Depot Inc. 0.11% 726 $250K Add +11.0%
EMB iShares JP Morgan Usd Emergi 0.11% 2,569 $247K Reduce -35.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 2,157 $245K New
PLTR Palantir Technologies Inc. Class A 0.11% 1,374 $245K Add +3.9%
DFGX Dimsnl Intr CF in ETF-Usd Inc. 0.11% 4,625 $243K New
FMF First Trust Managed Futures 0.11% 5,059 $238K Add +1.8%
FAAR First Trust Alt Abs Ret ETF 0.11% 8,455 $229K Add +8.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.10% 768 $223K New
CIBR First Trust Nasdaq Cybersecu 0.10% 3,107 $222K New
SPMD SS SPDR P S&P 400 Midcap ETF 0.10% 3,801 $220K New
GE General Electric filed as GE AEROSPACE 0.10% 710 $219K No change
FBTC Fidelity Wise Origin Bitcoin 0.10% 2,866 $218K Add +17.0%
LMT Lockheed Martin Corp. 0.10% 450 $218K Reduce -1.5%
FTLS First Trust Long/Short Eqty 0.10% 3,051 $217K Reduce -3.1%
ELV Elevance Health Inc. 0.10% 598 $210K New
PH Parker Hannifin Corp. 0.10% 238 $209K Reduce -52.8%
SYK Stryker Corp. 0.10% 591 $208K New
FISR SS Fi Sector Rotation 0.09% 7,953 $206K New
IWM iShares Russell 2000 ETF 0.09% 834 $205K New
LMBS First Trust Low Duration Opp 0.09% 4,088 $204K Reduce -13.5%
SHLD Global X Defense Tech ETF 0.09% 3,098 $201K Reduce -0.5%
OPEN Opendoor Technologies Inc. 0.04% 16,443 $96K New
GEVO Gevo Inc. 0.01% 12,710 $25K Add +22.7%

Portfolio Sells Q3 2025 → Q4 2025

QUAL iShares MSCI USA Quality Fac Reduce -41.6% 0.53% −0.44
EFV iShares MSCI Eafe Value ETF Reduce -14.4% 0.69% −0.15
QLTA iShares Aaa - A Rated Corpor Sold out 0.00% −0.12
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -2.1% 0.94% −0.12
CPRY Clmos R 2000 S A P ETF - Jan Reduce -22.9% 0.30% −0.11
STIP iShares 0-5 Year Tips Bond E Sold out 0.00% −0.11
EFG iShares MSCI Eafe Growth ETF Sold out 0.00% −0.11
DYNF Ishrs US E F R A ETF-Usd Inc. Reduce -3.7% 0.98% −0.10
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.4% 0.88% −0.10
PH Parker Hannifin Corp. Reduce -52.8% 0.10% −0.10
CIFR Cipher Digital Inc. Sold out 0.00% −0.09
SCHZ Schwab US Aggregate Bond ETF Reduce -11.3% 0.36% −0.09
IVW iShares S&P 500 Growth ETF Reduce -2.1% 0.81% −0.08
EMB iShares JP Morgan Usd Emergi Reduce -35.4% 0.11% −0.08
ROP Roper Technologies Inc. Reduce -23.5% 0.12% −0.07
MBB iShares MBS ETF Reduce -4.0% 0.49% −0.07
XTEN Bondbloxx BBG 10Y US TSY ETF Reduce -10.8% 0.28% −0.07
VGT Vanguard Info Tech ETF Reduce -0.3% 0.69% −0.06
BNDX Vanguard Total Intl Bond ETF Reduce -2.1% 0.39% −0.06
TLH iShares 10-20 Year Treasury Reduce -8.8% 0.22% −0.05
BSV Vanguard Short-Term Bond ETF Reduce -1.9% 0.38% −0.04
XLG Invesco S&P 500 Top 50 ETF Reduce -3.4% 0.43% −0.04
BINC iShares Flex I A ETF-Usd Inc. Reduce -2.8% 0.31% −0.04
IAGG iShares Intl Aggregate Bond Reduce -3.4% 0.26% −0.04
VMBS Vanguard Mortgage-Backed Sec Reduce -6.3% 0.24% −0.04
THRO iShares U.S. Thematic Rotati Reduce -2.1% 0.35% −0.03
OEF iShares S&P 100 ETF Reduce -4.5% 0.29% −0.03
IWY iShares Russell Top 200 Grow Reduce -4.5% 0.24% −0.03
GOVT iShares US Treasury Bond ETF Reduce -3.8% 0.22% −0.03
TLT iShares 20+ Year Treasury BD Reduce -4.9% 0.16% −0.03
BLV Vanguard Long-Term Bond ETF Reduce -1.6% 0.19% −0.02
LMBS First Trust Low Duration Opp Reduce -13.5% 0.09% −0.02
BIV Vanguard Intermediate-Term B Reduce -1.9% 0.19% −0.02
PWR Quanta Services Inc. Reduce -1.9% 0.23% −0.02
IXUS iShares Core Intl Stock ETF Reduce -1.4% 0.25% −0.02
USMV iShares MSCI USA Min Vol Fac Reduce -0.5% 0.18% −0.02
CPSD CLMS S&P STR Alt Dec Reduce -3.9% 0.17% −0.02
SHLD Global X Defense Tech ETF Reduce -0.5% 0.09% −0.02
GD General Dynamics Corp. Reduce -1.9% 0.13% −0.02
SMH Vaneck Semiconductor ETF Reduce -2.7% 0.63% −0.02
LMT Lockheed Martin Corp. Reduce -1.5% 0.10% −0.01
IWX iShares Russell Top 200 Valu Reduce -5.2% 0.13% −0.01
IAU iShares Gold Trust Reduce -8.4% 0.19% −0.01
FTLS First Trust Long/Short Eqty Reduce -3.1% 0.10% −0.01
F Ford Motor Co. Reduce -1.9% 0.28% −0.00
IAUM iShares Gold Trust Micro Reduce -1.6% 0.27% +0.00

Portfolio Buys Q3 2025 → Q4 2025

VTI VG Morningstar TS MKT ETF-US Add +54.1% 1.65% +0.50
BUFR FT Vest Lad Buffervetf-Usd I Add +219.4% 0.61% +0.41
VOO Vanguard S&P 500 ETF Add +29.8% 1.63% +0.28
AAPL Apple Inc. Add +21.8% 1.74% +0.27
DFAT Dimensional US Target Value New 0.27% +0.27
IVE iShares S&P 500 Value ETF Add +35.4% 0.96% +0.20
AMZN Amazon.com Inc. Add +27.7% 1.10% +0.20
GOOGL Alphabet Inc. Class A Add +15.1% 0.77% +0.20
BKAG BNY Mellon Core Bond ETF Add +18.3% 2.65% +0.19
AVEM Avantis Emerging Markets Eq New 0.17% +0.17
LIN Linde PLC New 0.16% +0.16
QQQ Invesco QQQ Trust Series 1 Add +76.7% 0.40% +0.16
MU Micron Technology Inc. New 0.15% +0.15
SLV iShares Silver Trust New 0.14% +0.14
BA The Boeing Co. New 0.14% +0.14
COST Costco Wholesale Corp. Add +125.2% 0.27% +0.13
DFAI Dimensional International Co. New 0.12% +0.12
VNQ Vanguard Real Estate ETF New 0.12% +0.12
DFIS Dimensional International SM New 0.12% +0.12
DFAW Dimensional World Eqty ETF New 0.12% +0.12
VYM Vanguard High DVD Yield ETF New 0.12% +0.12
DIS The Walt Disney Co. New 0.11% +0.11
DFGX Dimsnl Intr CF in ETF-Usd Inc. New 0.11% +0.11
IVV iShares Core S&P 500 ETF Add +16.4% 1.36% +0.11
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.10% +0.10
CIBR First Trust Nasdaq Cybersecu New 0.10% +0.10
SPMD SS SPDR P S&P 400 Midcap ETF New 0.10% +0.10
JUCY Aptus Enhanced Yield ETF Add +23.1% 0.91% +0.10
ELV Elevance Health Inc. New 0.10% +0.10
SYK Stryker Corp. New 0.10% +0.10
FISR SS Fi Sector Rotation New 0.09% +0.09
IWM iShares Russell 2000 ETF New 0.09% +0.09
BUFF Innovator Laddered Allocatio Add +49.0% 0.34% +0.09
CPNQ Cal Nasdaq 100 St Alt PR Add +66.8% 0.27% +0.09
SCHD Schwab US DVD Equity ETF Add +17.9% 1.14% +0.08
IEMG iShares Core MSCI Emerging Add +19.0% 0.78% +0.08
LLY Eli Lilly & Co. Add +17.6% 0.22% +0.07
SPDW Ste STR SPDR PT DW Eu ETF Add +53.6% 0.23% +0.07
JEPI JPMorgan Equity Premium Inco Add +56.0% 0.24% +0.07
SPMO Invesco S&P 500 Momentum ETF Add +57.3% 0.22% +0.07
WMT Walmart Inc. Add +11.4% 0.69% +0.06
TSLA Tesla Inc. Add +25.4% 0.46% +0.06
GOOG Alphabet Inc. Class C Add +12.7% 0.25% +0.06
FRDM Freedom 100 Emeging MRKT ETF Add +0.1% 1.12% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +24.6% 0.50% +0.06
VFMV Vanguard US Minimum Volatili Add +47.7% 0.22% +0.06
DMBS Doubleline Mortgage ETF Add +12.7% 1.74% +0.05
MTUM iShares MSCI USA Momentum Fa Add +48.0% 0.19% +0.05
DRSK Aptus Defined Risk ETF Add +12.7% 2.60% +0.05
OPEN Opendoor Technologies Inc. New 0.04% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$280.5MSPYM, PSFF, VEA, ACIO, VOO
Q1 2026Amended 166$227.5MSPYM, PSFF, VEA, ACIO, BKAG
Q4 2025 154$217.4MPSFF, SPYM, VEA, ACIO, IBIT
Q3 2025 137$198.7MPSFF, SPYM, VEA, IBIT, ACIO
Q2 2025 160$198.5MPSFF, SPYM, VEA, ACIO, IBIT
Q1 2025 134$174.3MPSFF, SPYM, VEA, ACIO, BKAG
Q4 2024 138$168.6MPSFF, SPYM, VEA, ACIO, IVV
Q3 2024 50$115.5MPSFF, SPYM, IVV, IUSB, VEA
Q2 2024 165$146.4MPSFF, SPYM, IVV, IUSB, QUAL
Q1 2024 159$133.3MPSFF, IVV, SPYM, IUSB, QUAL