Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MPC	Marathon Petroleum	80,792 (+5.8%)	$31.95M (+63.7%)	3.3%	$395.42	$54.93	+619.9%	COMM	56585A102
CASY	Casey's General Stores	8,501 (+1.0%)	$5.173M (-22.7%)	0.5%	$608.52	$368.35	+65.2%	COMM	147528103
GWW	Grainger, W.W.	5,179 (+33.3%)	$6.452M (+22.1%)	0.7%	$1245.80	$513.50	+142.6%	COMM	384802104
RBC	RBC Bearings	3,398 (+243.2%)	$1.696M (+165.8%)	0.2%	$499.12	$450.02	+10.9%	COMM	75524B104
AMZN	Amazon.com	46,519 (+4.3%)	$11.59M (+9.1%)	1.2%	$249.15	$140.81	+76.9%	COMM	023135106
NVDA	NVIDIA	21,598 (+4.5%)	$4.933M (+19.3%)	0.5%	$228.40	$135.62	+68.4%	COMM	67066G104
DKS	Dick's Sporting Goods	11,304 (+14.2%)	$1.518M (-32.4%)	0.2%	$134.29	$203.36	-34.0%	COMM	253393102
SNPS	Synopsys	9,193 (+21.5%)	$3.998M (+18.5%)	0.4%	$434.90	$461.66	-5.8%	COMM	871607107
HEI	HEICO	14,084 (+26.9%)	$4.27M (+8.0%)	0.4%	$303.18	$278.14	+9.0%	COMM	422806109
APH	Amphenol 'A'	125,625 (+104.4%)	$10.59M (-2.3%)	1.1%	$84.30	$110.40	-23.6%	COMM	032095101
AJG	Arthur J. Gallagher	21,789 (+5.5%)	$4.97M (+4.8%)	0.5%	$228.10	$279.07	-18.3%	COMM	363576109
SBGSY	Schneider Electric SE	7,760 (+44.1%)	$510K (+45.3%)	0.1%	$65.72	$63.64	+3.3%	COMM	80687P106
ROST	Ross Stores	4,505 (+2.6%)	$1.051M (+12.5%)	0.1%	$233.30	$44.95	+419.3%	COMM	778296103
EQIX	Equinix REIT	4,123 (+1.3%)	$4.171M (-1.7%)	0.4%	$1011.64	$813.02	—	COMM	29444U700

Exited Positions (5)

CSL Carlisle Companies 0.0%

Value $312K Shares 861 Share Price $362.37 * Est. Cost/Share $377.36 Unrealized @ Report Date -14.6%

SOLS Solstice Advanced Materials, Inc. 0.0%

Value $293K Shares 3,304 Share Price $88.68 * Est. Cost/Share $68.57 Unrealized @ Report Date -17.9%

OTIS Otis Worldwide 0.0%

Value $288K Shares 4,027 Share Price $71.52 * Est. Cost/Share $50.86 Unrealized @ Report Date +26.5%

TECH Bio-Techne 0.0%

Value $233K Shares 3,300 Share Price $70.61 * Est. Cost/Share $54.00 Unrealized @ Report Date +34.2%

AMAT Applied Materials 0.0%

Value $231K Shares 319 Share Price $724.14 * Est. Cost/Share $461.39 Unrealized @ Report Date +10.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CSL	Carlisle Companies	861	$312K	0.0%	$362.37 *	$377.36	-14.6%	—	142339100
SOLS	Solstice Advanced Materials, Inc.	3,304	$293K	0.0%	$88.68 *	$68.57	-17.9%	—	83443Q103
OTIS	Otis Worldwide	4,027	$288K	0.0%	$71.52 *	$50.86	+26.5%	—	68902V107
TECH	Bio-Techne	3,300	$233K	0.0%	$70.61 *	$54.00	+34.2%	—	09073M104
AMAT	Applied Materials	319	$231K	0.0%	$724.14 *	$461.39	+10.8%	—	038222105

Decreased Positions (60)

MSFT Microsoft 6.9%

Value $66.52M (+36.1%) Shares 129,687 (-1.1%) Share Price $512.90 Est. Cost/Share $50.57 Unrealized @ Report Date +914.3%

TJX TJX Companies 4.8%

Value $45.96M (-15.8%) Shares 347,370 (-3.6%) Share Price $132.31 Est. Cost/Share $34.69 Unrealized @ Report Date +281.4%

AAPL Apple 8.5%

Value $81.74M (+11.1%) Shares 245,454 (-3.4%) Share Price $333.02 Est. Cost/Share $83.44 Unrealized @ Report Date +299.1%

WSO Watsco 0.7%

Value $6.525M (-48.1%) Shares 21,557 (-28.5%) Share Price $302.69 Est. Cost/Share $192.53 Unrealized @ Report Date +57.2%

SYK Stryker 3.1%

Value $30.14M (-14.2%) Shares 109,428 (-2.0%) Share Price $275.39 Est. Cost/Share $71.12 Unrealized @ Report Date +287.2%

ADP Automatic Data Processing 4.5%

Value $43.45M (+12.2%) Shares 168,364 (-2.6%) Share Price $258.06 Est. Cost/Share $45.45 Unrealized @ Report Date +467.8%

MCD McDonald's 1.7%

Value $16.14M (-16.3%) Shares 69,911 (-2.0%) Share Price $230.94 Est. Cost/Share $75.54 Unrealized @ Report Date +205.7%

HD Home Depot 0.6%

Value $6.165M (-26.4%) Shares 21,671 (-8.8%) Share Price $284.48 Est. Cost/Share $129.13 Unrealized @ Report Date +120.3%

MA Mastercard 6.0%

Value $57.59M (+3.5%) Shares 104,440 (-3.6%) Share Price $551.46 Est. Cost/Share $72.81 Unrealized @ Report Date +657.4%

VEEV Veeva Systems 'A' 0.6%

Value $6.226M (+45.1%) Shares 21,812 (-9.8%) Share Price $285.44 Est. Cost/Share $237.92 Unrealized @ Report Date +20.0%

PEP PepsiCo 0.8%

Value $7.81M (-19.7%) Shares 61,631 (-14.2%) Share Price $126.72 Est. Cost/Share $77.99 Unrealized @ Report Date +62.5%

WMT Walmart 0.7%

Value $7.025M (-19.9%) Shares 67,604 (-12.7%) Share Price $103.91 Est. Cost/Share $45.02 Unrealized @ Report Date +130.8%

BR Broadridge Financial Solutions 1.1%

Value $10.89M (+13.5%) Shares 67,603 (-3.5%) Share Price $161.10 Est. Cost/Share $73.46 Unrealized @ Report Date +119.3%

NKE NIKE 'B' 0.2%

Value $2.031M (-37.3%) Shares 57,385 (-27.3%) Share Price $35.39 Est. Cost/Share $44.28 Unrealized @ Report Date -20.1%

MKC McCormick 0.4%

Value $3.961M (-23.1%) Shares 85,365 (-16.5%) Share Price $46.40 Est. Cost/Share $57.99 Unrealized @ Report Date -20.0%

ECL Ecolab 2.1%

Value $19.85M (-5.3%) Shares 72,289 (-3.9%) Share Price $274.58 Est. Cost/Share $96.16 Unrealized @ Report Date +185.5%

CL Colgate-Palmolive 0.6%

Value $5.703M (-14.8%) Shares 66,843 (-8.4%) Share Price $85.32 Est. Cost/Share $45.28 Unrealized @ Report Date +88.4%

ABT Abbott Labs 2.0%

Value $19.16M (+4.2%) Shares 193,849 (-4.3%) Share Price $98.83 Est. Cost/Share $41.94 Unrealized @ Report Date +135.7%

JNJ Johnson & Johnson 2.7%

Value $26.26M (+2.8%) Shares 99,192 (-1.4%) Share Price $264.74 Est. Cost/Share $67.40 Unrealized @ Report Date +292.8%

NVO Novo Nordisk ADR 0.2%

Value $2.128M (-24.8%) Shares 56,135 (-4.9%) Share Price $37.91 Est. Cost/Share $24.69 Unrealized @ Report Date +53.6%

ORLY O'Reilly Automotive 0.4%

Value $4.214M (-13.1%) Shares 49,341 (-6.3%) Share Price $85.41 Est. Cost/Share $87.57 Unrealized @ Report Date -2.5%

GILD Gilead Sciences 0.1%

Value $1.067M (-37.2%) Shares 7,160 (-46.7%) Share Price $149.02 Est. Cost/Share $56.43 Unrealized @ Report Date +164.1%

CHD Church & Dwight 1.1%

Value $10.93M (-5.3%) Shares 116,015 (-2.6%) Share Price $94.22 Est. Cost/Share $36.91 Unrealized @ Report Date +155.3%

FDS FactSet Research Systems 0.5%

Value $4.597M (+13.9%) Shares 17,030 (-2.9%) Share Price $269.94 Est. Cost/Share $99.12 Unrealized @ Report Date +172.4%

SHW Sherwin-Williams 0.7%

Value $6.958M (-7.4%) Shares 21,524 (-1.3%) Share Price $323.27 Est. Cost/Share $238.51 Unrealized @ Report Date +35.5%

AMGN Amgen 0.5%

Value $4.441M (+14.2%) Shares 10,536 (-1.9%) Share Price $421.51 Est. Cost/Share $82.02 Unrealized @ Report Date +413.9%

SYY Sysco 0.5%

Value $4.557M (-8.1%) Shares 58,449 (-1.5%) Share Price $77.97 Est. Cost/Share $29.48 Unrealized @ Report Date +164.5%

ABBV AbbVie 2.6%

Value $24.6M (+1.6%) Shares 94,038 (-2.3%) Share Price $261.59 Est. Cost/Share $35.96 Unrealized @ Report Date +627.5%

RTX RTX Corporation 0.8%

Value $7.835M (-4.7%) Shares 42,205 (-2.6%) Share Price $185.64 Est. Cost/Share $57.69 Unrealized @ Report Date +221.8%

ACN Accenture 'A' 0.2%

Value $1.95M (+20.1%) Shares 10,635 (-18.5%) Share Price $183.36 Est. Cost/Share $121.09 Unrealized @ Report Date +51.4%

FISV Fiserv 0.2%

Value $1.594M (-16.7%) Shares 35,287 (-9.6%) Share Price $45.17 Est. Cost/Share $50.77 Unrealized @ Report Date -11.0%

TMO Thermo Fisher Scientific 0.1%

Value $1.364M (+30.4%) Shares 2,021 (-3.2%) Share Price $674.91 Est. Cost/Share $470.78 Unrealized @ Report Date +43.4%

FAST Fastenal 0.3%

Value $3.16M (-8.4%) Shares 63,800 (-11.1%) Share Price $49.53 Est. Cost/Share $25.77 Unrealized @ Report Date +92.2%

PG Procter & Gamble 1.3%

Value $12.65M (-2.0%) Shares 87,073 (-1.1%) Share Price $145.28 Est. Cost/Share $58.81 Unrealized @ Report Date +147.0%

BRK/B Berkshire Hathaway 'B' 0.7%

Value $6.772M (-3.2%) Shares 13,600 (-2.7%) Share Price $497.94 Est. Cost/Share $189.16 Unrealized @ Report Date +163.2%

IDXX IDEXX Labs 0.6%

Value $5.772M (-3.5%) Shares 11,054 (-2.7%) Share Price $522.16 Est. Cost/Share $89.50 Unrealized @ Report Date +483.5%

DE Deere & Company 0.5%

Value $4.515M (+3.9%) Shares 6,724 (-1.9%) Share Price $671.48 Est. Cost/Share $145.99 Unrealized @ Report Date +360.0%

QCOM QUALCOMM 0.6%

Value $5.788M (-2.8%) Shares 31,452 (-2.4%) Share Price $184.03 Est. Cost/Share $73.93 Unrealized @ Report Date +148.9%

BCPC Balchem 0.2%

Value $1.928M (-5.6%) Shares 11,690 (-3.3%) Share Price $164.93 Est. Cost/Share $60.02 Unrealized @ Report Date +174.8%

SBUX Starbucks 0.1%

Value $977K (-10.4%) Shares 10,395 (-2.6%) Share Price $93.99 Est. Cost/Share $52.17 Unrealized @ Report Date +80.1%

UNP Union Pacific 0.2%

Value $2.127M (-4.9%) Shares 7,815 (-4.9%) Share Price $272.17 Est. Cost/Share $75.59 Unrealized @ Report Date +260.0%

MRVL Marvell Technology 0.0%

Value $376K (-22.3%) Shares 1,425 (-12.3%) Share Price $263.86 Est. Cost/Share $200.51 Unrealized @ Report Date +31.8%

VLTO Veralto 0.1%

Value $856K (-11.1%) Shares 9,073 (-16.4%) Share Price $94.35 Est. Cost/Share $73.75 Unrealized @ Report Date +27.9%

FLO Flowers Foods 0.0%

Value $65,000 (-59.1%) Shares 11,650 (-42.0%) Share Price $5.58 Est. Cost/Share $13.95 Unrealized @ Report Date -60.2%

VZ Verizon Communications 0.2%

Value $1.726M (+5.6%) Shares 37,637 (-2.5%) Share Price $45.86 Est. Cost/Share $30.98 Unrealized @ Report Date +48.1%

BF/B Brown-Forman 'B' 0.1%

Value $642K (-11.3%) Shares 24,500 (-9.8%) Share Price $26.20 Est. Cost/Share $39.75 Unrealized @ Report Date -34.1%

AMT American Tower REIT 0.1%

Value $1.399M (-5.0%) Shares 8,547 (-5.1%) Share Price $163.68 Est. Cost/Share $102.12 Unrealized @ Report Date —

PANW Palo Alto Networks 0.1%

Value $969K (+7.7%) Shares 2,440 (-7.6%) Share Price $397.13 Est. Cost/Share $156.81 Unrealized @ Report Date +153.4%

JKHY Jack Henry & Associates 0.1%

Value $904K (-6.4%) Shares 6,310 (-10.0%) Share Price $143.26 Est. Cost/Share $64.15 Unrealized @ Report Date +123.3%

— Linde plc 0.0%

Value $475K (-10.7%) Shares 1,001 (-2.4%) Share Price $474.53 Est. Cost/Share $366.27 Unrealized @ Report Date —

RHHBY Roche Holding Ltd ADR 0.1%

Value $565K (-9.0%) Shares 10,900 (-9.9%) Share Price $51.83 Est. Cost/Share $32.61 Unrealized @ Report Date +59.1%

PM Philip Morris Int'l 0.2%

Value $2.124M (+2.6%) Shares 11,133 (-2.7%) Share Price $190.78 Est. Cost/Share $71.18 Unrealized @ Report Date +168.1%

T AT&T 0.1%

Value $490K (+7.7%) Shares 20,097 (-8.6%) Share Price $24.38 Est. Cost/Share $12.93 Unrealized @ Report Date +88.7%

MMM 3M Company 0.1%

Value $1.338M (-2.3%) Shares 8,153 (-3.5%) Share Price $164.11 Est. Cost/Share $78.27 Unrealized @ Report Date +109.7%

CTAS Cintas 0.0%

Value $345K (+8.5%) Shares 1,767 (-5.4%) Share Price $195.25 Est. Cost/Share $174.60 Unrealized @ Report Date +11.7%

ISRG Intuitive Surgical 0.2%

Value $2.067M (+1.0%) Shares 5,084 (-1.2%) Share Price $406.57 Est. Cost/Share $262.44 Unrealized @ Report Date +54.9%

TMUS T-Mobile US 0.0%

Value $227K (-8.5%) Shares 1,395 (-5.6%) Share Price $162.72 Est. Cost/Share $138.65 Unrealized @ Report Date +17.6%

V Visa 0.6%

Value $6.219M (-0.3%) Shares 17,307 (-4.8%) Share Price $359.33 Est. Cost/Share $121.56 Unrealized @ Report Date +195.6%

GPC Genuine Parts 0.0%

Value $378K (-3.1%) Shares 3,005 (-9.1%) Share Price $125.79 Est. Cost/Share $68.88 Unrealized @ Report Date +82.5%

AME Ametek 0.0%

Value $388K (-1.3%) Shares 1,567 (-3.6%) Share Price $247.61 Est. Cost/Share $154.26 Unrealized @ Report Date +60.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	Microsoft	129,687 (-1.1%)	$66.52M (+36.1%)	6.9%	$512.90	$50.57	+914.3%	COMM	594918104
TJX	TJX Companies	347,370 (-3.6%)	$45.96M (-15.8%)	4.8%	$132.31	$34.69	+281.4%	COMM	872540109
AAPL	Apple	245,454 (-3.4%)	$81.74M (+11.1%)	8.5%	$333.02	$83.44	+299.1%	COMM	037833100
WSO	Watsco	21,557 (-28.5%)	$6.525M (-48.1%)	0.7%	$302.69	$192.53	+57.2%	COMM	942622200
SYK	Stryker	109,428 (-2.0%)	$30.14M (-14.2%)	3.1%	$275.39	$71.12	+287.2%	COMM	863667101
ADP	Automatic Data Processing	168,364 (-2.6%)	$43.45M (+12.2%)	4.5%	$258.06	$45.45	+467.8%	COMM	053015103
MCD	McDonald's	69,911 (-2.0%)	$16.14M (-16.3%)	1.7%	$230.94	$75.54	+205.7%	COMM	580135101
HD	Home Depot	21,671 (-8.8%)	$6.165M (-26.4%)	0.6%	$284.48	$129.13	+120.3%	COMM	437076102
MA	Mastercard	104,440 (-3.6%)	$57.59M (+3.5%)	6.0%	$551.46	$72.81	+657.4%	COMM	57636Q104
VEEV	Veeva Systems 'A'	21,812 (-9.8%)	$6.226M (+45.1%)	0.6%	$285.44	$237.92	+20.0%	COMM	922475108
PEP	PepsiCo	61,631 (-14.2%)	$7.81M (-19.7%)	0.8%	$126.72	$77.99	+62.5%	COMM	713448108
WMT	Walmart	67,604 (-12.7%)	$7.025M (-19.9%)	0.7%	$103.91	$45.02	+130.8%	COMM	931142103
BR	Broadridge Financial Solutions	67,603 (-3.5%)	$10.89M (+13.5%)	1.1%	$161.10	$73.46	+119.3%	COMM	11133T103
NKE	NIKE 'B'	57,385 (-27.3%)	$2.031M (-37.3%)	0.2%	$35.39	$44.28	-20.1%	COMM	654106103
MKC	McCormick	85,365 (-16.5%)	$3.961M (-23.1%)	0.4%	$46.40	$57.99	-20.0%	COMM	579780206
ECL	Ecolab	72,289 (-3.9%)	$19.85M (-5.3%)	2.1%	$274.58	$96.16	+185.5%	COMM	278865100
CL	Colgate-Palmolive	66,843 (-8.4%)	$5.703M (-14.8%)	0.6%	$85.32	$45.28	+88.4%	COMM	194162103
ABT	Abbott Labs	193,849 (-4.3%)	$19.16M (+4.2%)	2.0%	$98.83	$41.94	+135.7%	COMM	002824100
JNJ	Johnson & Johnson	99,192 (-1.4%)	$26.26M (+2.8%)	2.7%	$264.74	$67.40	+292.8%	COMM	478160104
NVO	Novo Nordisk ADR	56,135 (-4.9%)	$2.128M (-24.8%)	0.2%	$37.91	$24.69	+53.6%	COMM	670100205
ORLY	O'Reilly Automotive	49,341 (-6.3%)	$4.214M (-13.1%)	0.4%	$85.41	$87.57	-2.5%	COMM	67103H107
GILD	Gilead Sciences	7,160 (-46.7%)	$1.067M (-37.2%)	0.1%	$149.02	$56.43	+164.1%	COMM	375558103
CHD	Church & Dwight	116,015 (-2.6%)	$10.93M (-5.3%)	1.1%	$94.22	$36.91	+155.3%	COMM	171340102
FDS	FactSet Research Systems	17,030 (-2.9%)	$4.597M (+13.9%)	0.5%	$269.94	$99.12	+172.4%	COMM	303075105
SHW	Sherwin-Williams	21,524 (-1.3%)	$6.958M (-7.4%)	0.7%	$323.27	$238.51	+35.5%	COMM	824348106
AMGN	Amgen	10,536 (-1.9%)	$4.441M (+14.2%)	0.5%	$421.51	$82.02	+413.9%	COMM	031162100
SYY	Sysco	58,449 (-1.5%)	$4.557M (-8.1%)	0.5%	$77.97	$29.48	+164.5%	COMM	871829107
ABBV	AbbVie	94,038 (-2.3%)	$24.6M (+1.6%)	2.6%	$261.59	$35.96	+627.5%	COMM	00287Y109
RTX	RTX Corporation	42,205 (-2.6%)	$7.835M (-4.7%)	0.8%	$185.64	$57.69	+221.8%	COMM	75513E101
ACN	Accenture 'A'	10,635 (-18.5%)	$1.95M (+20.1%)	0.2%	$183.36	$121.09	+51.4%	COMM	G1151C101
FISV	Fiserv	35,287 (-9.6%)	$1.594M (-16.7%)	0.2%	$45.17	$50.77	-11.0%	COMM	337738108
TMO	Thermo Fisher Scientific	2,021 (-3.2%)	$1.364M (+30.4%)	0.1%	$674.91	$470.78	+43.4%	COMM	883556102
FAST	Fastenal	63,800 (-11.1%)	$3.16M (-8.4%)	0.3%	$49.53	$25.77	+92.2%	COMM	311900104
PG	Procter & Gamble	87,073 (-1.1%)	$12.65M (-2.0%)	1.3%	$145.28	$58.81	+147.0%	COMM	742718109
BRK/B	Berkshire Hathaway 'B'	13,600 (-2.7%)	$6.772M (-3.2%)	0.7%	$497.94	$189.16	+163.2%	COMM	084670702
IDXX	IDEXX Labs	11,054 (-2.7%)	$5.772M (-3.5%)	0.6%	$522.16	$89.50	+483.5%	COMM	45168D104
DE	Deere & Company	6,724 (-1.9%)	$4.515M (+3.9%)	0.5%	$671.48	$145.99	+360.0%	COMM	244199105
QCOM	QUALCOMM	31,452 (-2.4%)	$5.788M (-2.8%)	0.6%	$184.03	$73.93	+148.9%	COMM	747525103
BCPC	Balchem	11,690 (-3.3%)	$1.928M (-5.6%)	0.2%	$164.93	$60.02	+174.8%	COMM	057665200
SBUX	Starbucks	10,395 (-2.6%)	$977K (-10.4%)	0.1%	$93.99	$52.17	+80.1%	COMM	855244109
UNP	Union Pacific	7,815 (-4.9%)	$2.127M (-4.9%)	0.2%	$272.17	$75.59	+260.0%	COMM	907818108
MRVL	Marvell Technology	1,425 (-12.3%)	$376K (-22.3%)	0.0%	$263.86	$200.51	+31.8%	COMM	573874104
VLTO	Veralto	9,073 (-16.4%)	$856K (-11.1%)	0.1%	$94.35	$73.75	+27.9%	COMM	92338C103
FLO	Flowers Foods	11,650 (-42.0%)	$65,000 (-59.1%)	0.0%	$5.58	$13.95	-60.2%	COMM	343498101
VZ	Verizon Communications	37,637 (-2.5%)	$1.726M (+5.6%)	0.2%	$45.86	$30.98	+48.1%	COMM	92343V104
BF/B	Brown-Forman 'B'	24,500 (-9.8%)	$642K (-11.3%)	0.1%	$26.20	$39.75	-34.1%	COMM	115637209
AMT	American Tower REIT	8,547 (-5.1%)	$1.399M (-5.0%)	0.1%	$163.68	$102.12	—	COMM	03027X100
PANW	Palo Alto Networks	2,440 (-7.6%)	$969K (+7.7%)	0.1%	$397.13	$156.81	+153.4%	COMM	697435105
JKHY	Jack Henry & Associates	6,310 (-10.0%)	$904K (-6.4%)	0.1%	$143.26	$64.15	+123.3%	COMM	426281101
—	Linde plc	1,001 (-2.4%)	$475K (-10.7%)	0.0%	$474.53	$366.27	—	COMM	G5494J103
RHHBY	Roche Holding Ltd ADR	10,900 (-9.9%)	$565K (-9.0%)	0.1%	$51.83	$32.61	+59.1%	COMM	771195104
PM	Philip Morris Int'l	11,133 (-2.7%)	$2.124M (+2.6%)	0.2%	$190.78	$71.18	+168.1%	COMM	718172109
T	AT&T	20,097 (-8.6%)	$490K (+7.7%)	0.1%	$24.38	$12.93	+88.7%	COMM	00206R102
MMM	3M Company	8,153 (-3.5%)	$1.338M (-2.3%)	0.1%	$164.11	$78.27	+109.7%	COMM	88579Y101
CTAS	Cintas	1,767 (-5.4%)	$345K (+8.5%)	0.0%	$195.25	$174.60	+11.7%	COMM	172908105
ISRG	Intuitive Surgical	5,084 (-1.2%)	$2.067M (+1.0%)	0.2%	$406.57	$262.44	+54.9%	COMM	46120E602
TMUS	T-Mobile US	1,395 (-5.6%)	$227K (-8.5%)	0.0%	$162.72	$138.65	+17.6%	COMM	872590104
V	Visa	17,307 (-4.8%)	$6.219M (-0.3%)	0.6%	$359.33	$121.56	+195.6%	COMM	92826C839
GPC	Genuine Parts	3,005 (-9.1%)	$378K (-3.1%)	0.0%	$125.79	$68.88	+82.5%	COMM	372460105
AME	Ametek	1,567 (-3.6%)	$388K (-1.3%)	0.0%	$247.61	$154.26	+60.6%	COMM	031100100

Unchanged Positions (76)

NEE NextEra Energy 2.0%

Value $18.85M Shares 248,868 Share Price $75.74 Est. Cost/Share $57.22 Unrealized @ Report Date +32.4%

XOM ExxonMobil 1.6%

Value $14.93M Shares 91,725 Share Price $162.75 Est. Cost/Share $56.01 Unrealized @ Report Date +190.6%

GOOGL Alphabet Class A 3.9%

Value $37.59M Shares 109,251 Share Price $344.08 Est. Cost/Share $109.58 Unrealized @ Report Date +214.0%

LLY Eli Lilly 5.4%

Value $51.76M Shares 44,736 Share Price $1157.08 Est. Cost/Share $123.36 Unrealized @ Report Date +838.0%

DHR Danaher 1.0%

Value $9.996M Shares 45,117 Share Price $221.56 Est. Cost/Share $49.81 Unrealized @ Report Date +344.8%

MRK Merck 0.9%

Value $8.187M Shares 56,340 Share Price $145.31 Est. Cost/Share $47.25 Unrealized @ Report Date +207.5%

KO Coca-Cola 1.5%

Value $14.42M Shares 167,492 Share Price $86.08 Est. Cost/Share $28.11 Unrealized @ Report Date +206.2%

LOW Lowe's 0.4%

Value $3.552M Shares 19,275 Share Price $184.28 Est. Cost/Share $44.88 Unrealized @ Report Date +310.6%

INTU Intuit 1.1%

Value $10.83M Shares 39,281 Share Price $275.71 Est. Cost/Share $122.30 Unrealized @ Report Date +125.4%

IBM IBM 0.2%

Value $1.811M Shares 8,235 Share Price $219.91 Est. Cost/Share $120.24 Unrealized @ Report Date +82.9%

HONA Honeywell Aerospace 0.1%

Value $1.051M Shares 6,782 Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

CSCO Cisco Systems 0.5%

Value $5.007M Shares 46,518 Share Price $107.64 Est. Cost/Share $16.31 Unrealized @ Report Date +559.8%

COST Costco Wholesale 1.7%

Value $16.18M Shares 17,775 Share Price $910.38 Est. Cost/Share $353.30 Unrealized @ Report Date +157.7%

EMR Emerson Electric 0.5%

Value $5.174M Shares 33,356 Share Price $155.11 Est. Cost/Share $42.81 Unrealized @ Report Date +262.3%

HPE Hewlett Packard Enterprise 0.1%

Value $1.227M Shares 19,200 Share Price $63.91 Est. Cost/Share $6.50 Unrealized @ Report Date +883.3%

CAT Caterpillar 0.1%

Value $1.093M Shares 1,348 Share Price $810.83 Est. Cost/Share $129.46 Unrealized @ Report Date +526.3%

BDX Becton, Dickinson 0.2%

Value $2.25M Shares 12,569 Share Price $179.01 Est. Cost/Share $170.84 Unrealized @ Report Date +4.8%

CVX Chevron 0.2%

Value $1.606M Shares 7,866 Share Price $204.17 Est. Cost/Share $90.00 Unrealized @ Report Date +126.9%

PFE Pfizer 0.2%

Value $1.88M Shares 65,922 Share Price $28.52 Est. Cost/Share $20.30 Unrealized @ Report Date +40.5%

COP ConocoPhillips 0.2%

Value $1.626M Shares 12,991 Share Price $125.16 Est. Cost/Share $83.37 Unrealized @ Report Date +50.1%

CARR Carrier Global 0.1%

Value $784K Shares 14,286 Share Price $54.88 Est. Cost/Share $18.65 Unrealized @ Report Date +194.1%

HPQ HP 0.1%

Value $866K Shares 27,700 Share Price $31.26 Est. Cost/Share $11.22 Unrealized @ Report Date +178.8%

GLW Corning 0.0%

Value $381K Shares 2,477 Share Price $153.82 Est. Cost/Share $64.97 Unrealized @ Report Date +136.7%

APD Air Products & Chemicals 0.5%

Value $4.343M Shares 15,610 Share Price $278.22 Est. Cost/Share $69.50 Unrealized @ Report Date +300.3%

PPG PPG Industries 0.1%

Value $1.3M Shares 12,457 Share Price $104.36 Est. Cost/Share $91.06 Unrealized @ Report Date +14.6%

ITW Illinois Tool Works 0.3%

Value $3.233M Shares 12,568 Share Price $257.24 Est. Cost/Share $66.37 Unrealized @ Report Date +287.7%

EXPD Expeditors Int'l 0.2%

Value $1.616M Shares 8,750 Share Price $184.69 Est. Cost/Share $41.10 Unrealized @ Report Date +349.3%

ULTA Ulta Beauty 0.1%

Value $1.06M Shares 1,940 Share Price $546.39 Est. Cost/Share $330.63 Unrealized @ Report Date +65.2%

— Fortune Brands Home & Security 0.0%

Value $394K Shares 10,347 Share Price $38.08 Est. Cost/Share $66.64 Unrealized @ Report Date —

GE GE Aerospace 0.1%

Value $646K Shares 2,070 Share Price $312.08 Est. Cost/Share $89.53 Unrealized @ Report Date +248.8%

GEV GE Vernova 0.1%

Value $532K Shares 560 Share Price $950.00 Est. Cost/Share $415.97 Unrealized @ Report Date +128.5%

PSX Phillips 66 0.0%

Value $333K Shares 1,305 Share Price $255.17 Est. Cost/Share $156.68 Unrealized @ Report Date +62.9%

WAT Waters 0.1%

Value $746K Shares 1,698 Share Price $439.34 Est. Cost/Share $342.06 Unrealized @ Report Date +28.5%

HON Honeywell Int'l 0.1%

Value $1.431M Shares 6,782 Share Price $211.00 Est. Cost/Share $115.21 Unrealized @ Report Date +83.1%

HSY Hershey Company 0.1%

Value $840K Shares 5,331 Share Price $157.57 Est. Cost/Share $170.33 Unrealized @ Report Date -7.5%

LHX L3 Harris Technologies 0.0%

Value $378K Shares 1,595 Share Price $236.99 Est. Cost/Share $180.73 Unrealized @ Report Date +31.0%

CMI Cummins 0.0%

Value $218K Shares 422 Share Price $516.59 Est. Cost/Share $466.32 Unrealized @ Report Date +10.8%

DIS Disney, Walt 0.1%

Value $848K Shares 8,087 Share Price $104.86 Est. Cost/Share $92.39 Unrealized @ Report Date +13.5%

INTC Intel 0.0%

Value $415K Shares 3,450 Share Price $120.29 Est. Cost/Share $101.12 Unrealized @ Report Date +18.9%

PFF iShares S&P US Pfd ETF 0.2%

Value $1.86M Shares 63,062 Share Price $29.49 Est. Cost/Share $37.49 Unrealized @ Report Date -21.3%

BMY Bristol-Myers Squibb 0.1%

Value $785K Shares 12,578 Share Price $62.41 Est. Cost/Share $46.40 Unrealized @ Report Date +34.5%

BAC Bank of America 0.1%

Value $1.098M Shares 20,173 Share Price $54.43 Est. Cost/Share $23.90 Unrealized @ Report Date +127.7%

TRMB Trimble 0.1%

Value $485K Shares 8,500 Share Price $57.06 Est. Cost/Share $30.56 Unrealized @ Report Date +86.9%

ALCO Alico 0.1%

Value $689K Shares 17,866 Share Price $38.56 Est. Cost/Share $27.33 Unrealized @ Report Date +41.1%

NOC Northrop Grumman 0.1%

Value $929K Shares 1,922 Share Price $483.35 Est. Cost/Share $214.95 Unrealized @ Report Date +124.9%

GOOG Alphabet Class C 0.1%

Value $1.328M Shares 3,898 Share Price $340.69 Est. Cost/Share $151.77 Unrealized @ Report Date +124.5%

DUK Duke Energy 0.0%

Value $432K Shares 3,790 Share Price $113.98 Est. Cost/Share $66.83 Unrealized @ Report Date +70.6%

ADI Analog Devices 0.5%

Value $5.169M Shares 13,029 Share Price $396.73 Est. Cost/Share $155.31 Unrealized @ Report Date +155.4%

UNH UnitedHealth Group 0.0%

Value $279K Shares 761 Share Price $366.62 Est. Cost/Share $340.12 Unrealized @ Report Date +7.9%

EW Edwards Lifesciences 0.1%

Value $782K Shares 9,060 Share Price $86.31 Est. Cost/Share $72.35 Unrealized @ Report Date +19.3%

MO Altria 0.1%

Value $544K Shares 8,081 Share Price $67.32 Est. Cost/Share $38.50 Unrealized @ Report Date +74.9%

ORCL Oracle 0.1%

Value $533K Shares 3,885 Share Price $137.19 Est. Cost/Share $63.75 Unrealized @ Report Date +115.4%

AVGO Broadcom 0.0%

Value $479K Shares 1,363 Share Price $351.43 Est. Cost/Share $165.49 Unrealized @ Report Date +112.2%

DRI Darden Restaurants 0.1%

Value $483K Shares 2,500 Share Price $193.20 Est. Cost/Share $147.14 Unrealized @ Report Date +31.3%

ALL Allstate 0.0%

Value $444K Shares 2,000 Share Price $222.00 Est. Cost/Share $86.64 Unrealized @ Report Date +156.1%

EOG EOG Resources 0.0%

Value $463K Shares 3,363 Share Price $137.67 Est. Cost/Share $60.19 Unrealized @ Report Date +128.9%

TXN Texas Instruments 0.0%

Value $355K Shares 1,267 Share Price $280.19 Est. Cost/Share $103.70 Unrealized @ Report Date +170.1%

TT Trane Technologies plc 0.0%

Value $255K Shares 565 Share Price $451.33 Est. Cost/Share $313.71 Unrealized @ Report Date +44.1%

WM Waste Management 0.0%

Value $235K Shares 1,152 Share Price $203.99 Est. Cost/Share $147.68 Unrealized @ Report Date +38.1%

NSC Norfolk Southern 0.1%

Value $1.236M Shares 4,000 Share Price $309.00 Est. Cost/Share $165.22 Unrealized @ Report Date +87.0%

WSM Williams Sonoma 0.1%

Value $775K Shares 3,400 Share Price $227.94 Est. Cost/Share $91.96 Unrealized @ Report Date +147.9%

KMI Kinder Morgan Delaware 0.0%

Value $302K Shares 10,000 Share Price $30.20 Est. Cost/Share $13.20 Unrealized @ Report Date +128.5%

GD General Dynamics 0.0%

Value $232K Shares 700 Share Price $331.43 Est. Cost/Share $255.81 Unrealized @ Report Date +29.7%

IMRX Immuneering Corp 'A' 0.0%

Value $61,000 Shares 15,000 Share Price $4.07 Est. Cost/Share $5.19 Unrealized @ Report Date -21.1%

CSX CSX 0.1%

Value $622K Shares 13,368 Share Price $46.53 Est. Cost/Share $26.09 Unrealized @ Report Date +78.3%

EBAY eBay, Inc. 0.0%

Value $212K Shares 2,000 Share Price $106.00 Est. Cost/Share $106.70 Unrealized @ Report Date -0.6%

JPM JPMorgan Chase 0.1%

Value $1.281M Shares 3,871 Share Price $330.92 Est. Cost/Share $67.99 Unrealized @ Report Date +386.6%

— CIGNA 0.1%

Value $571K Shares 2,102 Share Price $271.65 Est. Cost/Share $356.68 Unrealized @ Report Date —

LMT Lockheed Martin 0.4%

Value $3.554M Shares 6,979 Share Price $509.24 Est. Cost/Share $434.63 Unrealized @ Report Date +17.2%

RSG Republic Services 0.0%

Value $262K Shares 1,250 Share Price $209.60 Est. Cost/Share $151.78 Unrealized @ Report Date +38.3%

PAYX Paychex 0.3%

Value $2.615M Shares 26,544 Share Price $98.52 Est. Cost/Share $28.28 Unrealized @ Report Date +248.3%

ETN Eaton 0.0%

Value $388K Shares 903 Share Price $429.68 Est. Cost/Share $211.92 Unrealized @ Report Date +102.8%

INGR Ingredion 0.0%

Value $287K Shares 3,000 Share Price $95.67 Est. Cost/Share $80.34 Unrealized @ Report Date +19.3%

BRK/A Berkshire Hathaway 'A' 0.1%

Value $747K Shares 1 Share Price $747000.00 Est. Cost/Share $199512.94 Unrealized @ Report Date +274.4%

MDLZ Mondelez Int'l 0.0%

Value $401K Shares 6,932 Share Price $57.85 Est. Cost/Share $38.25 Unrealized @ Report Date +51.2%

BSTK Brite-Strike Tactical Illumina 0.0%

Value $1,000 Shares 53,000 Share Price $0.02 Est. Cost/Share $0.02 Unrealized @ Report Date -10.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NEE	NextEra Energy	248,868	$18.85M	2.0%	$75.74	$57.22	+32.4%	COMM	65339F101
XOM	ExxonMobil	91,725	$14.93M	1.6%	$162.75	$56.01	+190.6%	COMM	30231G102
GOOGL	Alphabet Class A	109,251	$37.59M	3.9%	$344.08	$109.58	+214.0%	COMM	02079K305
LLY	Eli Lilly	44,736	$51.76M	5.4%	$1157.08	$123.36	+838.0%	COMM	532457108
DHR	Danaher	45,117	$9.996M	1.0%	$221.56	$49.81	+344.8%	COMM	235851102
MRK	Merck	56,340	$8.187M	0.9%	$145.31	$47.25	+207.5%	COMM	58933Y105
KO	Coca-Cola	167,492	$14.42M	1.5%	$86.08	$28.11	+206.2%	COMM	191216100
LOW	Lowe's	19,275	$3.552M	0.4%	$184.28	$44.88	+310.6%	COMM	548661107
INTU	Intuit	39,281	$10.83M	1.1%	$275.71	$122.30	+125.4%	COMM	461202103
IBM	IBM	8,235	$1.811M	0.2%	$219.91	$120.24	+82.9%	COMM	459200101
HONA	Honeywell Aerospace	6,782	$1.051M	0.1%	$154.97	$240.18	-35.5%	COMM	43849R105
CSCO	Cisco Systems	46,518	$5.007M	0.5%	$107.64	$16.31	+559.8%	COMM	17275R102
COST	Costco Wholesale	17,775	$16.18M	1.7%	$910.38	$353.30	+157.7%	COMM	22160K105
EMR	Emerson Electric	33,356	$5.174M	0.5%	$155.11	$42.81	+262.3%	COMM	291011104
HPE	Hewlett Packard Enterprise	19,200	$1.227M	0.1%	$63.91	$6.50	+883.3%	COMM	42824C109
CAT	Caterpillar	1,348	$1.093M	0.1%	$810.83	$129.46	+526.3%	COMM	149123101
BDX	Becton, Dickinson	12,569	$2.25M	0.2%	$179.01	$170.84	+4.8%	COMM	075887109
CVX	Chevron	7,866	$1.606M	0.2%	$204.17	$90.00	+126.9%	COMM	166764100
PFE	Pfizer	65,922	$1.88M	0.2%	$28.52	$20.30	+40.5%	COMM	717081103
COP	ConocoPhillips	12,991	$1.626M	0.2%	$125.16	$83.37	+50.1%	COMM	20825C104
CARR	Carrier Global	14,286	$784K	0.1%	$54.88	$18.65	+194.1%	COMM	14448C104
HPQ	HP	27,700	$866K	0.1%	$31.26	$11.22	+178.8%	COMM	40434L105
GLW	Corning	2,477	$381K	0.0%	$153.82	$64.97	+136.7%	COMM	219350105
APD	Air Products & Chemicals	15,610	$4.343M	0.5%	$278.22	$69.50	+300.3%	COMM	009158106
PPG	PPG Industries	12,457	$1.3M	0.1%	$104.36	$91.06	+14.6%	COMM	693506107
ITW	Illinois Tool Works	12,568	$3.233M	0.3%	$257.24	$66.37	+287.7%	COMM	452308109
EXPD	Expeditors Int'l	8,750	$1.616M	0.2%	$184.69	$41.10	+349.3%	COMM	302130109
ULTA	Ulta Beauty	1,940	$1.06M	0.1%	$546.39	$330.63	+65.2%	COMM	90384S303
—	Fortune Brands Home & Security	10,347	$394K	0.0%	$38.08	$66.64	—	COMM	34964c106
GE	GE Aerospace	2,070	$646K	0.1%	$312.08	$89.53	+248.8%	COMM	369604301
GEV	GE Vernova	560	$532K	0.1%	$950.00	$415.97	+128.5%	COMM	36828A101
PSX	Phillips 66	1,305	$333K	0.0%	$255.17	$156.68	+62.9%	COMM	718546104
WAT	Waters	1,698	$746K	0.1%	$439.34	$342.06	+28.5%	COMM	941848103
HON	Honeywell Int'l	6,782	$1.431M	0.1%	$211.00	$115.21	+83.1%	COMM	438516106
HSY	Hershey Company	5,331	$840K	0.1%	$157.57	$170.33	-7.5%	COMM	427866108
LHX	L3 Harris Technologies	1,595	$378K	0.0%	$236.99	$180.73	+31.0%	COMM	502431109
CMI	Cummins	422	$218K	0.0%	$516.59	$466.32	+10.8%	COMM	231021106
DIS	Disney, Walt	8,087	$848K	0.1%	$104.86	$92.39	+13.5%	COMM	254687106
INTC	Intel	3,450	$415K	0.0%	$120.29	$101.12	+18.9%	COMM	458140100
PFF	iShares S&P US Pfd ETF	63,062	$1.86M	0.2%	$29.49	$37.49	-21.3%	DEBT	464288687
BMY	Bristol-Myers Squibb	12,578	$785K	0.1%	$62.41	$46.40	+34.5%	COMM	110122108
BAC	Bank of America	20,173	$1.098M	0.1%	$54.43	$23.90	+127.7%	COMM	060505104
TRMB	Trimble	8,500	$485K	0.1%	$57.06	$30.56	+86.9%	COMM	896239100
ALCO	Alico	17,866	$689K	0.1%	$38.56	$27.33	+41.1%	COMM	016230104
NOC	Northrop Grumman	1,922	$929K	0.1%	$483.35	$214.95	+124.9%	COMM	666807102
GOOG	Alphabet Class C	3,898	$1.328M	0.1%	$340.69	$151.77	+124.5%	COMM	02079K107
DUK	Duke Energy	3,790	$432K	0.0%	$113.98	$66.83	+70.6%	COMM	26441C204
ADI	Analog Devices	13,029	$5.169M	0.5%	$396.73	$155.31	+155.4%	COMM	032654105
UNH	UnitedHealth Group	761	$279K	0.0%	$366.62	$340.12	+7.9%	COMM	91324P102
EW	Edwards Lifesciences	9,060	$782K	0.1%	$86.31	$72.35	+19.3%	COMM	28176E108
MO	Altria	8,081	$544K	0.1%	$67.32	$38.50	+74.9%	COMM	02209S103
ORCL	Oracle	3,885	$533K	0.1%	$137.19	$63.75	+115.4%	COMM	68389X105
AVGO	Broadcom	1,363	$479K	0.0%	$351.43	$165.49	+112.2%	COMM	11135F101
DRI	Darden Restaurants	2,500	$483K	0.1%	$193.20	$147.14	+31.3%	COMM	237194105
ALL	Allstate	2,000	$444K	0.0%	$222.00	$86.64	+156.1%	COMM	020002101
EOG	EOG Resources	3,363	$463K	0.0%	$137.67	$60.19	+128.9%	COMM	26875P101
TXN	Texas Instruments	1,267	$355K	0.0%	$280.19	$103.70	+170.1%	COMM	882508104
TT	Trane Technologies plc	565	$255K	0.0%	$451.33	$313.71	+44.1%	COMM	G8994E103
WM	Waste Management	1,152	$235K	0.0%	$203.99	$147.68	+38.1%	COMM	94106L109
NSC	Norfolk Southern	4,000	$1.236M	0.1%	$309.00	$165.22	+87.0%	COMM	655844108
WSM	Williams Sonoma	3,400	$775K	0.1%	$227.94	$91.96	+147.9%	COMM	969904101
KMI	Kinder Morgan Delaware	10,000	$302K	0.0%	$30.20	$13.20	+128.5%	COMM	49456B101
GD	General Dynamics	700	$232K	0.0%	$331.43	$255.81	+29.7%	COMM	369550108
IMRX	Immuneering Corp 'A'	15,000	$61,000	0.0%	$4.07	$5.19	-21.1%	COMM	45254E107
CSX	CSX	13,368	$622K	0.1%	$46.53	$26.09	+78.3%	COMM	126408103
EBAY	eBay, Inc.	2,000	$212K	0.0%	$106.00	$106.70	-0.6%	COMM	278642103
JPM	JPMorgan Chase	3,871	$1.281M	0.1%	$330.92	$67.99	+386.6%	COMM	46625H100
—	CIGNA	2,102	$571K	0.1%	$271.65	$356.68	—	COMM	125509109
LMT	Lockheed Martin	6,979	$3.554M	0.4%	$509.24	$434.63	+17.2%	COMM	539830109
RSG	Republic Services	1,250	$262K	0.0%	$209.60	$151.78	+38.3%	COMM	760759100
PAYX	Paychex	26,544	$2.615M	0.3%	$98.52	$28.28	+248.3%	COMM	704326107
ETN	Eaton	903	$388K	0.0%	$429.68	$211.92	+102.8%	COMM	G29183103
INGR	Ingredion	3,000	$287K	0.0%	$95.67	$80.34	+19.3%	COMM	457187102
BRK/A	Berkshire Hathaway 'A'	1	$747K	0.1%	$747000.00	$199512.94	+274.4%	COMM	084670108
MDLZ	Mondelez Int'l	6,932	$401K	0.0%	$57.85	$38.25	+51.2%	COMM	609207105
BSTK	Brite-Strike Tactical Illumina	53,000	$1,000	0.0%	$0.02	$0.02	-10.4%	COMM	11041N206