Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ORLY	OREILLY AUTOMOTIVE INC	8,957	$827K	0.3%	$94.98	0.0%	COM	67103H107
NBIX	NEUROCRINE BIOSCIENCES INC	5,789	$763K	0.3%	$134.33	0.0%	COM	64125C109
MA	MASTERCARD INCORPORATED	1,019	$509K	0.2%	$539.05	0.0%	CL A	57636Q104
REGN	REGENERON PHARMACEUTICALS	353	$273K	0.1%	$769.15	0.0%	COM	75886F107
LITE	LUMENTUM HLDGS INC	382	$268K	0.1%	$467.14	0.0%	COM	55024U109
MSCI	MSCI INC	475	$256K	0.1%	$569.29	0.0%	COM	55354G100
ZTS	ZOETIS INC	2,120	$251K	0.1%	$125.98	0.0%	CL A	98978V103
FTNT	FORTINET INC	3,000	$245K	0.1%	$79.98	0.0%	COM	34959E109
PFE	PFIZER INC	7,497	$211K	0.1%	$26.18	0.0%	COM	717081103

Increased Positions (15)

BABA ALIBABA GROUP HLDG LTD 23.0%

Value $58.89M (+6861.7%) Shares 469,432 (+8714.0%) Est. Cost $125.54 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.3%

Value $5.794M (+931.7%) Shares 17,145 (+85.6%) Est. Cost $193.38 Unrealized —

COR CENCORA INC 0.5%

Value $1.291M (+394.6%) Shares 13,866 (+1693.8%) Est. Cost $352.42 Unrealized +0.2%

CRUS CIRRUS LOGIC INC 0.4%

Value $964K (+92.4%) Shares 6,667 (+57.6%) Est. Cost $99.41 Unrealized +33.3%

BSX BOSTON SCIENTIFIC CORP 0.4%

Value $1.048M (-26.9%) Shares 16,705 (+11.1%) Est. Cost $55.31 Unrealized +55.2%

META META PLATFORMS INC 1.3%

Value $3.408M (-9.8%) Shares 5,957 (+4.1%) Est. Cost $442.42 Unrealized +48.2%

ENSG ENSIGN GROUP INC 0.3%

Value $895K (+66.1%) Shares 4,443 (+43.6%) Est. Cost $182.36 Unrealized +3.5%

ETN EATON CORP PLC 0.6%

Value $1.536M (+28.7%) Shares 4,295 (+14.6%) Est. Cost $246.84 Unrealized +43.3%

IR INGERSOLL RAND INC 0.3%

Value $871K (+46.3%) Shares 10,876 (+44.7%) Est. Cost $90.71 Unrealized -0.3%

CSGP COSTAR GROUP INC 0.2%

Value $561K (-22.8%) Shares 13,908 (+28.6%) Est. Cost $67.74 Unrealized -16.0%

CVLT COMMVAULT SYS INC 0.2%

Value $585K (+35.6%) Shares 7,505 (+118.3%) Est. Cost $120.20 Unrealized -14.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.6%

Value $9.134M (+1.7%) Shares 19,060 (+6.7%) Est. Cost $379.08 Unrealized +30.2%

RACE FERRARI N V 1.5%

Value $3.877M (-3.5%) Shares 11,455 (+5.4%) Est. Cost $193.58 Unrealized +84.2%

RTX RTX CORPORATION 0.3%

Value $668K (+7.8%) Shares 3,465 (+2.5%) Est. Cost $138.32 Unrealized +42.1%

UBER UBER TECHNOLOGIES INC 0.5%

Value $1.23M (-3.3%) Shares 17,106 (+9.8%) Est. Cost $54.63 Unrealized +44.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	469,432 (+8714.0%)	$58.89M (+6861.7%)	23.0%	$125.54	—	SPONSORED ADS	01609W102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	17,145 (+85.6%)	$5.794M (+931.7%)	2.3%	$193.38	—	SPONSORED ADS	874039100
COR	CENCORA INC	13,866 (+1693.8%)	$1.291M (+394.6%)	0.5%	$352.42	+0.2%	COM	03073E105
CRUS	CIRRUS LOGIC INC	6,667 (+57.6%)	$964K (+92.4%)	0.4%	$99.41	+33.3%	COM	172755100
BSX	BOSTON SCIENTIFIC CORP	16,705 (+11.1%)	$1.048M (-26.9%)	0.4%	$55.31	+55.2%	COM	101137107
META	META PLATFORMS INC	5,957 (+4.1%)	$3.408M (-9.8%)	1.3%	$442.42	+48.2%	CL A	30303M102
ENSG	ENSIGN GROUP INC	4,443 (+43.6%)	$895K (+66.1%)	0.3%	$182.36	+3.5%	COM	29358P101
ETN	EATON CORP PLC	4,295 (+14.6%)	$1.536M (+28.7%)	0.6%	$246.84	+43.3%	SHS	G29183103
IR	INGERSOLL RAND INC	10,876 (+44.7%)	$871K (+46.3%)	0.3%	$90.71	-0.3%	COM	45687V106
CSGP	COSTAR GROUP INC	13,908 (+28.6%)	$561K (-22.8%)	0.2%	$67.74	-16.0%	COM	22160N109
CVLT	COMMVAULT SYS INC	7,505 (+118.3%)	$585K (+35.6%)	0.2%	$120.20	-14.4%	COM	204166102
BRK/B	BERKSHIRE HATHAWAY INC DEL	19,060 (+6.7%)	$9.134M (+1.7%)	3.6%	$379.08	+30.2%	CL B NEW	084670702
RACE	FERRARI N V	11,455 (+5.4%)	$3.877M (-3.5%)	1.5%	$193.58	+84.2%	COM	N3167Y103
RTX	RTX CORPORATION	3,465 (+2.5%)	$668K (+7.8%)	0.3%	$138.32	+42.1%	COM	75513E101
UBER	UBER TECHNOLOGIES INC	17,106 (+9.8%)	$1.23M (-3.3%)	0.5%	$54.63	+44.1%	COM	90353T100

Exited Positions (8)

EXAS EXACT SCIENCES CORP 0.5%

Value $1.297M Shares 12,767 Est. Cost $80.28 Unrealized +27.8%

EW EDWARDS LIFESCIENCES CORP 0.5%

Value $1.243M Shares 14,584 Est. Cost $79.34 Unrealized +3.3%

NOW SERVICENOW INC 0.4%

Value $976K Shares 6,373 Est. Cost $152.40 Unrealized -20.5%

BKNG BOOKING HOLDINGS INC 0.4%

Value $953K Shares 178 Est. Cost $2511.37 Unrealized +90.4%

QCOM QUALCOMM INC 0.3%

Value $750K Shares 4,387 Est. Cost $81.22 Unrealized +89.5%

ARMK ARAMARK 0.3%

Value $648K Shares 17,584 Est. Cost $37.92 Unrealized +3.0%

ORCL ORACLE CORP 0.1%

Value $269K Shares 1,378 Est. Cost $163.84 Unrealized +3.5%

APP APPLOVIN CORP 0.1%

Value $206K Shares 306 Est. Cost $630.10 Unrealized -19.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXAS	EXACT SCIENCES CORP	12,767	$1.297M	0.5%	$80.28	+27.8%	—	30063P105
EW	EDWARDS LIFESCIENCES CORP	14,584	$1.243M	0.5%	$79.34	+3.3%	—	28176E108
NOW	SERVICENOW INC	6,373	$976K	0.4%	$152.40	-20.5%	—	81762P102
BKNG	BOOKING HOLDINGS INC	178	$953K	0.4%	$2511.37	+90.4%	—	09857L108
QCOM	QUALCOMM INC	4,387	$750K	0.3%	$81.22	+89.5%	—	747525103
ARMK	ARAMARK	17,584	$648K	0.3%	$37.92	+3.0%	—	03852U106
ORCL	ORACLE CORP	1,378	$269K	0.1%	$163.84	+3.5%	—	68389X105
APP	APPLOVIN CORP	306	$206K	0.1%	$630.10	-19.5%	—	03831W108

Decreased Positions (39)

TTE TOTALENERGIES SE 6.1%

Value $15.75M (+38.3%) Shares 194,661 (-5.0%) Est. Cost $63.23 Unrealized +13.1%

GOOG ALPHABET INC 1.9%

Value $4.983M (-24.1%) Shares 17,372 (-16.9%) Est. Cost $286.33 Unrealized +13.0%

LLY ELI LILLY & CO 0.6%

Value $1.637M (-44.1%) Shares 1,780 (-34.7%) Est. Cost $250.40 Unrealized +318.2%

NVDA NVIDIA CORPORATION 3.7%

Value $9.368M (-11.7%) Shares 53,714 (-5.5%) Est. Cost $94.20 Unrealized +98.1%

AMZN AMAZON COM INC 2.5%

Value $6.527M (-15.8%) Shares 31,339 (-6.6%) Est. Cost $125.52 Unrealized +80.7%

ICE INTERCONTINENTAL EXCHANGE IN 0.1%

Value $223K (-83.4%) Shares 1,420 (-82.9%) Est. Cost $99.83 Unrealized +65.3%

GOOGL ALPHABET INC 1.8%

Value $4.633M (-16.4%) Shares 16,110 (-6.9%) Est. Cost $111.51 Unrealized +189.9%

AVGO BROADCOM INC 1.0%

Value $2.662M (-23.6%) Shares 8,600 (-14.6%) Est. Cost $357.00 Unrealized -6.4%

AAPL APPLE INC 2.9%

Value $7.431M (-9.0%) Shares 29,279 (-2.6%) Est. Cost $91.88 Unrealized +186.1%

ADBE ADOBE INC 0.4%

Value $938K (-41.1%) Shares 3,860 (-15.2%) Est. Cost $329.63 Unrealized -12.1%

MU MICRON TECHNOLOGY INC 0.5%

Value $1.192M (-34.2%) Shares 3,528 (-44.4%) Est. Cost $72.27 Unrealized +435.5%

AXP AMERICAN EXPRESS CO 0.4%

Value $1.08M (-33.2%) Shares 3,569 (-18.3%) Est. Cost $137.92 Unrealized +158.2%

ADSK AUTODESK INC 0.5%

Value $1.295M (-26.4%) Shares 5,408 (-9.0%) Est. Cost $302.56 Unrealized -16.1%

PLNT PLANET FITNESS MASTER ISSUER 0.3%

Value $716K (-37.7%) Shares 9,629 (-9.1%) Est. Cost $63.83 Unrealized +48.3%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value $1.564M (-21.3%) Shares 7,687 (-17.1%) Est. Cost $224.60 Unrealized -1.3%

BAC BANK AMERICA CORP 0.7%

Value $1.716M (-17.5%) Shares 35,202 (-6.9%) Est. Cost $26.83 Unrealized +100.0%

CIEN CIENA CORP 0.5%

Value $1.292M (-20.3%) Shares 3,327 (-52.0%) Est. Cost $46.87 Unrealized +478.1%

PGR PROGRESSIVE CORP 0.3%

Value $717K (-30.5%) Shares 3,617 (-20.2%) Est. Cost $139.39 Unrealized +48.3%

TJX TJX COS INC NEW 0.5%

Value $1.179M (-19.7%) Shares 7,383 (-22.8%) Est. Cost $75.22 Unrealized +105.0%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value $878K (-22.8%) Shares 1,786 (-9.0%) Est. Cost $251.31 Unrealized +128.6%

TSLA TESLA INC 0.4%

Value $964K (-20.4%) Shares 2,593 (-3.7%) Est. Cost $236.95 Unrealized +79.8%

EOG EOG RES INC 0.5%

Value $1.229M (+25.2%) Shares 8,504 (-9.1%) Est. Cost $95.93 Unrealized +16.9%

MS MORGAN STANLEY 0.5%

Value $1.313M (-15.7%) Shares 7,976 (-9.1%) Est. Cost $96.55 Unrealized +86.1%

MSA MSA SAFETY INC 0.2%

Value $465K (-34.2%) Shares 2,838 (-35.8%) Est. Cost $156.92 Unrealized +18.1%

MLM MARTIN MARIETTA MATLS INC 0.5%

Value $1.247M (-15.2%) Shares 2,118 (-10.3%) Est. Cost $375.57 Unrealized +76.0%

MNST MONSTER BEVERAGE CORP NEW 0.5%

Value $1.309M (-14.1%) Shares 18,070 (-9.1%) Est. Cost $45.44 Unrealized +77.4%

HLI HOULIHAN LOKEY INC 0.2%

Value $619K (-25.0%) Shares 4,307 (-9.1%) Est. Cost $183.13 Unrealized -4.1%

UNH UNITEDHEALTH GROUP INC 0.2%

Value $545K (-25.4%) Shares 2,013 (-9.0%) Est. Cost $211.58 Unrealized +45.9%

TSCO TRACTOR SUPPLY CO 0.3%

Value $672K (-17.6%) Shares 14,835 (-9.1%) Est. Cost $51.08 Unrealized +3.2%

RCL ROYAL CARIBBEAN GROUP 0.4%

Value $1.076M (-10.3%) Shares 3,910 (-9.1%) Est. Cost $110.88 Unrealized +178.5%

CLH CLEAN HARBORS INC 0.5%

Value $1.193M (+11.2%) Shares 4,161 (-9.1%) Est. Cost $184.69 Unrealized +42.5%

NFLX NETFLIX INC. 0.6%

Value $1.558M (-6.7%) Shares 16,199 (-9.1%) Est. Cost $103.60 Unrealized -19.1%

NEE NEXTERA ENERGY INC 0.6%

Value $1.542M (-5.6%) Shares 16,605 (-18.4%) Est. Cost $63.13 Unrealized +38.1%

MRNA MODERNA INC 0.2%

Value $398K (+23.6%) Shares 7,826 (-28.2%) Est. Cost $27.17 Unrealized +58.1%

COST COSTCO WHOLESALE CORPORATION 0.5%

Value $1.254M (+5.2%) Shares 1,258 (-9.0%) Est. Cost $341.78 Unrealized +182.0%

ECL ECOLAB INC 0.3%

Value $708K (-7.8%) Shares 2,661 (-9.0%) Est. Cost $179.97 Unrealized +59.0%

MRK MERCK & CO INC 0.5%

Value $1.156M (+3.9%) Shares 9,610 (-9.1%) Est. Cost $59.42 Unrealized +92.3%

LIN LINDE PLC 0.1%

Value $263K (+5.7%) Shares 531 (-9.1%) Est. Cost $427.28 Unrealized +7.7%

WMT WALMART INC 0.1%

Value $203K (-2.3%) Shares 1,630 (-12.5%) Est. Cost $107.20 Unrealized +13.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	194,661 (-5.0%)	$15.75M (+38.3%)	6.1%	$63.23	+13.1%	ACT	F92124100
GOOG	ALPHABET INC	17,372 (-16.9%)	$4.983M (-24.1%)	1.9%	$286.33	+13.0%	CAP STK CL C	02079K107
LLY	ELI LILLY & CO	1,780 (-34.7%)	$1.637M (-44.1%)	0.6%	$250.40	+318.2%	COM	532457108
NVDA	NVIDIA CORPORATION	53,714 (-5.5%)	$9.368M (-11.7%)	3.7%	$94.20	+98.1%	COM	67066G104
AMZN	AMAZON COM INC	31,339 (-6.6%)	$6.527M (-15.8%)	2.5%	$125.52	+80.7%	COM	023135106
ICE	INTERCONTINENTAL EXCHANGE IN	1,420 (-82.9%)	$223K (-83.4%)	0.1%	$99.83	+65.3%	COM	45866F104
GOOGL	ALPHABET INC	16,110 (-6.9%)	$4.633M (-16.4%)	1.8%	$111.51	+189.9%	CAP STK CL A	02079K305
AVGO	BROADCOM INC	8,600 (-14.6%)	$2.662M (-23.6%)	1.0%	$357.00	-6.4%	COM	11135F101
AAPL	APPLE INC	29,279 (-2.6%)	$7.431M (-9.0%)	2.9%	$91.88	+186.1%	COM	037833100
ADBE	ADOBE INC	3,860 (-15.2%)	$938K (-41.1%)	0.4%	$329.63	-12.1%	COM	00724F101
MU	MICRON TECHNOLOGY INC	3,528 (-44.4%)	$1.192M (-34.2%)	0.5%	$72.27	+435.5%	COM	595112103
AXP	AMERICAN EXPRESS CO	3,569 (-18.3%)	$1.08M (-33.2%)	0.4%	$137.92	+158.2%	COM	025816109
ADSK	AUTODESK INC	5,408 (-9.0%)	$1.295M (-26.4%)	0.5%	$302.56	-16.1%	COM	052769106
PLNT	PLANET FITNESS MASTER ISSUER	9,629 (-9.1%)	$716K (-37.7%)	0.3%	$63.83	+48.3%	CL A	72703H101
AMD	ADVANCED MICRO DEVICES INC	7,687 (-17.1%)	$1.564M (-21.3%)	0.6%	$224.60	-1.3%	COM	007903107
BAC	BANK AMERICA CORP	35,202 (-6.9%)	$1.716M (-17.5%)	0.7%	$26.83	+100.0%	COM	060505104
CIEN	CIENA CORP	3,327 (-52.0%)	$1.292M (-20.3%)	0.5%	$46.87	+478.1%	COM NEW	171779309
PGR	PROGRESSIVE CORP	3,617 (-20.2%)	$717K (-30.5%)	0.3%	$139.39	+48.3%	COM	743315103
TJX	TJX COS INC NEW	7,383 (-22.8%)	$1.179M (-19.7%)	0.5%	$75.22	+105.0%	COM	872540109
TMO	THERMO FISHER SCIENTIFIC INC	1,786 (-9.0%)	$878K (-22.8%)	0.3%	$251.31	+128.6%	COM	883556102
TSLA	TESLA INC	2,593 (-3.7%)	$964K (-20.4%)	0.4%	$236.95	+79.8%	COM	88160R101
EOG	EOG RES INC	8,504 (-9.1%)	$1.229M (+25.2%)	0.5%	$95.93	+16.9%	COM	26875P101
MS	MORGAN STANLEY	7,976 (-9.1%)	$1.313M (-15.7%)	0.5%	$96.55	+86.1%	COM NEW	617446448
MSA	MSA SAFETY INC	2,838 (-35.8%)	$465K (-34.2%)	0.2%	$156.92	+18.1%	COM	553498106
MLM	MARTIN MARIETTA MATLS INC	2,118 (-10.3%)	$1.247M (-15.2%)	0.5%	$375.57	+76.0%	COM	573284106
MNST	MONSTER BEVERAGE CORP NEW	18,070 (-9.1%)	$1.309M (-14.1%)	0.5%	$45.44	+77.4%	COM	61174X109
HLI	HOULIHAN LOKEY INC	4,307 (-9.1%)	$619K (-25.0%)	0.2%	$183.13	-4.1%	CL A	441593100
UNH	UNITEDHEALTH GROUP INC	2,013 (-9.0%)	$545K (-25.4%)	0.2%	$211.58	+45.9%	COM	91324P102
TSCO	TRACTOR SUPPLY CO	14,835 (-9.1%)	$672K (-17.6%)	0.3%	$51.08	+3.2%	COM	892356106
RCL	ROYAL CARIBBEAN GROUP	3,910 (-9.1%)	$1.076M (-10.3%)	0.4%	$110.88	+178.5%	COM	V7780T103
CLH	CLEAN HARBORS INC	4,161 (-9.1%)	$1.193M (+11.2%)	0.5%	$184.69	+42.5%	COM	184496107
NFLX	NETFLIX INC.	16,199 (-9.1%)	$1.558M (-6.7%)	0.6%	$103.60	-19.1%	COM	64110L106
NEE	NEXTERA ENERGY INC	16,605 (-18.4%)	$1.542M (-5.6%)	0.6%	$63.13	+38.1%	COM	65339F101
MRNA	MODERNA INC	7,826 (-28.2%)	$398K (+23.6%)	0.2%	$27.17	+58.1%	COM	60770K107
COST	COSTCO WHOLESALE CORPORATION	1,258 (-9.0%)	$1.254M (+5.2%)	0.5%	$341.78	+182.0%	COM	22160K105
ECL	ECOLAB INC	2,661 (-9.0%)	$708K (-7.8%)	0.3%	$179.97	+59.0%	COM	278865100
MRK	MERCK & CO INC	9,610 (-9.1%)	$1.156M (+3.9%)	0.5%	$59.42	+92.3%	COM	58933Y105
LIN	LINDE PLC	531 (-9.1%)	$263K (+5.7%)	0.1%	$427.28	+7.7%	SHS	G54950103
WMT	WALMART INC	1,630 (-12.5%)	$203K (-2.3%)	0.1%	$107.20	+13.8%	COM	931142103

Unchanged Positions (11)

MSFT MICROSOFT CORP 3.1%

Value $7.914M Shares 21,380 Est. Cost $133.63 Unrealized +225.2%

SPY STATE STR SPDR S&P 500 ETF T 17.2%

Value $44.18M Shares 67,929 Est. Cost $470.29 Unrealized —

STLA STELLANTIS N.V 1.2%

Value $3.041M Shares 501,042 Est. Cost $16.95 Unrealized —

LFT LUMENT FINANCE TRUST INC 1.6%

Value $4.209M Shares 3,340,780 Est. Cost $3.27 Unrealized —

V VISA INC 1.0%

Value $2.513M Shares 8,315 Est. Cost $140.30 Unrealized +134.6%

IEMG ISHARES INC 4.2%

Value $10.77M Shares 154,400 Est. Cost $63.87 Unrealized —

KO COCA COLA CO 1.4%

Value $3.693M Shares 48,555 Est. Cost $51.06 Unrealized +46.4%

CAT CATERPILLAR INC 0.3%

Value $704K Shares 993 Est. Cost $205.89 Unrealized +232.4%

JPM JPMORGAN CHASE & CO 0.3%

Value $649K Shares 2,207 Est. Cost $139.90 Unrealized +122.6%

LRCX LAM RESEARCH CORP 0.1%

Value $295K Shares 1,380 Est. Cost $155.36 Unrealized +45.4%

GE GE AEROSPACE 0.2%

Value $613K Shares 2,159 Est. Cost $172.81 Unrealized +84.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	21,380	$7.914M	3.1%	$133.63	+225.2%	COM	594918104
SPY	STATE STR SPDR S&P 500 ETF T	67,929	$44.18M	17.2%	$470.29	—	TR UNIT	78462F103
STLA	STELLANTIS N.V	501,042	$3.041M	1.2%	$16.95	—	SHS	N82405106
LFT	LUMENT FINANCE TRUST INC	3,340,780	$4.209M	1.6%	$3.27	—	COM	55025L108
V	VISA INC	8,315	$2.513M	1.0%	$140.30	+134.6%	COM CL A	92826C839
IEMG	ISHARES INC	154,400	$10.77M	4.2%	$63.87	—	CORE MSCI EMKT	46434G103
KO	COCA COLA CO	48,555	$3.693M	1.4%	$51.06	+46.4%	COM	191216100
CAT	CATERPILLAR INC	993	$704K	0.3%	$205.89	+232.4%	COM	149123101
JPM	JPMORGAN CHASE & CO	2,207	$649K	0.3%	$139.90	+122.6%	COM	46625H100
LRCX	LAM RESEARCH CORP	1,380	$295K	0.1%	$155.36	+45.4%	COM NEW	512807306
GE	GE AEROSPACE	2,159	$613K	0.2%	$172.81	+84.1%	COM NEW	369604301