BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHO	SCHWAB SHORT TERM US TREASURY	42,600 (-41.6%)	$1,038 (-41.7%)	0.5%	$24.06	—	COM	808524862
JNJ	JOHNSON AND JOHNSON COM	29,134 (-1.2%)	$6,029 (+10.2%)	2.7%	$70.95	+177.7%	COM	478160104
—	DUPONT DE NEMOURS INC	11,545 (-9.4%)	$464 (-53.2%)	0.2%	$73.06	—	COM	26614n102
—	FEDEX CORP DELAWARE COM	10,025 (-2.0%)	$2,896 (+20.1%)	1.3%	$281.33	—	COM	31428x106
—	MERCK AND CO INC SHS	22,978 (-2.1%)	$2,419 (+22.7%)	1.1%	$79.16	—	COM	58933y105
AXP	AMER EXPRESS COMPANY	13,275 (-1.7%)	$4,911 (+9.5%)	2.2%	$68.04	+424.7%	COM	025816109
PG	PROCTER & GAMBLE CO	33,510 (-1.2%)	$4,802 (-7.8%)	2.1%	$62.00	+137.4%	COM	742718109
DG	DOLLAR GENERAL CORP	13,895 (-1.1%)	$1,845 (+27.1%)	0.8%	$78.63	+41.8%	COM	256677105
SO	SOUTHERN CO	34,550 (-2.1%)	$3,013 (-9.9%)	1.3%	$30.58	+197.3%	COM	842587107
PFE	PFIZER INC	113,046 (-5.7%)	$2,815 (-7.8%)	1.2%	$19.99	+25.3%	COM	717081103
AAPL	APPLE INC	15,642 (-1.3%)	$4,252 (+5.4%)	1.9%	$118.32	+126.8%	COM	037833100
—	VERIZON COMMUNICATIONS I	5,442 (-42.4%)	$222 (-46.6%)	0.1%	$45.36	—	COM	92343v104
CVX	CHEVRON CORP	36,229 (-1.2%)	$5,522 (-3.1%)	2.4%	$76.53	+97.8%	COM	166764100
HSY	HERSHEY COMPANY	22,775 (-1.3%)	$4,145 (-4.0%)	1.8%	$70.37	+158.8%	COM	427866108
KO	COCA COLA COM	57,009 (-1.0%)	$3,986 (+4.3%)	1.8%	$30.92	+124.4%	COM	191216100
CLX	CLOROX CO	6,125 (-2.4%)	$618 (-20.2%)	0.3%	$65.69	+64.8%	COM	189054109
INTC	INTEL CORP	54,815 (-1.6%)	$2,023 (+8.3%)	0.9%	$19.27	+96.0%	COM	458140100
—	EXXON MOBIL CORP COM	36,458 (-2.9%)	$4,387 (+3.6%)	1.9%	$117.22	—	COM	30231g102
IBM	INTL BUSINESS MACHINES CORP I	18,525 (-2.1%)	$5,487 (+2.8%)	2.4%	$114.74	+160.4%	COM	459200101
—	COSTCO WHSL CORP NEW	1,910 (-1.0%)	$1,647 (-7.8%)	0.7%	$114.03	—	COM	22160k105
BA	BOEING CO	12,731 (-5.0%)	$2,764 (-4.5%)	1.2%	$205.85	-0.1%	COM	097023105
MSFT	MICROSOFT CORP	1,239 (-9.8%)	$599 (-15.8%)	0.3%	$266.44	+87.9%	COM	594918104
BAC	BANK OF AMERICA CORP	39,925 (-1.2%)	$2,196 (+5.3%)	1.0%	$15.02	+250.6%	COM	060505104
TXN	TEXAS INSTRUMENTS	5,445 (-4.4%)	$945 (-9.7%)	0.4%	$47.31	+260.8%	COM	882508104
—	NVIDIA	17,225 (-3.0%)	$3,212 (-3.0%)	1.4%	$128.70	—	COM	67066g104
—	PAYPAL HLDGS INC	5,150 (-10.4%)	$301 (-22.0%)	0.1%	$242.89	—	COM	70450y103
—	METLIFE INC COM	11,508 (-4.2%)	$908 (-8.2%)	0.4%	$47.46	—	COM	59156r108
—	3M COMPANY	28,366 (-1.4%)	$4,541 (+1.7%)	2.0%	$136.70	—	COM	88579y101
EBAY	EBAY INC	5,800 (-9.4%)	$505 (-13.2%)	0.2%	$30.92	+179.3%	COM	278642103
—	JPMORGAN CHASE & CO	6,035 (-5.5%)	$1,945 (-3.4%)	0.9%	$133.91	—	COM	46625h100
HAL	HALLIBURTON COMPANY	20,760 (-2.4%)	$587 (+12.2%)	0.3%	$31.55	-16.7%	COM	406216101
MCD	MCDONALDS CORP COM	30,135 (-1.1%)	$9,210 (-0.5%)	4.1%	$81.71	+273.4%	COM	580135101
PSX	PHILLIPS 66 SHS	1,573 (-11.3%)	$203 (-15.8%)	0.1%	$74.83	+79.1%	COM	718546104
GT	GOODYEAR TIRE RUBBER	54,100 (-7.7%)	$474 (+8.1%)	0.2%	$13.14	-40.0%	COM	382550101
WY	WEYERHAEUSER CO	11,200 (-7.4%)	$265 (-11.5%)	0.1%	$20.08	+14.5%	COM	962166104
—	CORTEVA INC REG SHS	4,266 (-4.7%)	$286 (-5.6%)	0.1%	$29.56	—	COM	22052l104
SLB	SLB LIMITED	28,400 (-11.4%)	$1,090 (-1.1%)	0.5%	$48.99	-26.4%	COM	806857108
EMR	EMERSON ELEC CO	53,125 (-1.0%)	$7,051 (+0.1%)	3.1%	$43.84	+202.0%	COM	291011104
BP	BP P L C F SPONSORED ADR 1 ADR	7,150 (-2.7%)	$248 (-2.0%)	0.1%	$37.94	—	COM	055622104

Unchanged Positions (49)

CAT CATERPILLAR INC DEL 10.1%

Value ($000) $22,817 Shares 39,830 Est. Cost $65.01 Unrealized +754.5%

LLY ELI LILLY & CO 5.6%

Value ($000) $12,821 Shares 11,930 Est. Cost $138.52 Unrealized +589.8%

CMI CUMMINS INC 3.3%

Value ($000) $7,453 Shares 14,600 Est. Cost $85.24 Unrealized +447.1%

— RTX CORP 4.2%

Value ($000) $9,472 Shares 51,644 Est. Cost $123.27 Unrealized —

ALL ALLSTATE CORP DEL COM 4.2%

Value ($000) $9,445 Shares 45,375 Est. Cost $41.42 Unrealized +392.8%

— CARDINAL HEALTH INC 0.6%

Value ($000) $1,336 Shares 6,500 Est. Cost $57.96 Unrealized —

DE DEERE & CO 6.6%

Value ($000) $14,938 Shares 32,085 Est. Cost $68.04 Unrealized +587.3%

LMT LOCKHEED MARTIN CORP 3.1%

Value ($000) $7,141 Shares 14,765 Est. Cost $147.25 Unrealized +223.4%

C CITIGROUP INC 0.6%

Value ($000) $1,459 Shares 12,500 Est. Cost $43.17 Unrealized +140.0%

ABT ABBOTT LABS 1.1%

Value ($000) $2,531 Shares 20,200 Est. Cost $33.84 Unrealized +276.2%

BMY BRISTOL-MYERS SQUIBB CO 0.4%

Value ($000) $871 Shares 16,141 Est. Cost $32.39 Unrealized +46.7%

— DUKE ENERGY CORP NEW 1.1%

Value ($000) $2,510 Shares 21,413 Est. Cost $75.26 Unrealized —

LNC LINCOLN NATL CORP IND 0.6%

Value ($000) $1,407 Shares 31,600 Est. Cost $23.49 Unrealized +75.3%

DAL DELTA AIR LINES INC DEL 0.3%

Value ($000) $680 Shares 9,800 Est. Cost $32.24 Unrealized +93.7%

HD HOME DEPOT INC 0.3%

Value ($000) $688 Shares 2,000 Est. Cost $104.62 Unrealized +248.5%

MSI MOTOROLA SOLUTIONS INC 0.2%

Value ($000) $535 Shares 1,397 Est. Cost $136.41 Unrealized +193.8%

— JOHNSON CONTROLS INT F 0.5%

Value ($000) $1,198 Shares 10,005 Est. Cost $77.61 Unrealized —

— ABBVIE INC 2.4%

Value ($000) $5,510 Shares 24,115 Est. Cost $197.48 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.4%

Value ($000) $817 Shares 2,100 Est. Cost $95.82 Unrealized +291.6%

— GE VERNOVA INC 0.6%

Value ($000) $1,398 Shares 2,139 Est. Cost $337.22 Unrealized —

IVV ISHARES CORE S&P 500 ETF 1.4%

Value ($000) $3,266 Shares 4,768 Est. Cost $258.40 Unrealized —

GE GE AEROSPACE 1.4%

Value ($000) $3,075 Shares 9,983 Est. Cost $65.81 Unrealized +357.1%

— ALTRIA GROUP INC 0.2%

Value ($000) $398 Shares 6,900 Est. Cost $60.02 Unrealized —

— BAKER HUGHES CO CL A 0.4%

Value ($000) $797 Shares 17,500 Est. Cost $43.95 Unrealized —

GWW W W GRAINGER INCORP 0.4%

Value ($000) $989 Shares 980 Est. Cost $195.92 Unrealized +394.5%

— CISCO SYSTEMS INC COM 0.2%

Value ($000) $462 Shares 6,000 Est. Cost $59.20 Unrealized —

ITW ILLINOIS TOOL WKS INC COM 0.4%

Value ($000) $862 Shares 3,500 Est. Cost $57.38 Unrealized +331.4%

SCHW CHARLES SCHWAB CORP 0.5%

Value ($000) $1,114 Shares 11,150 Est. Cost $19.37 Unrealized +389.2%

CLF CLEVELAND-CLIFFS INC NEW 0.3%

Value ($000) $596 Shares 44,875 Est. Cost $12.26 Unrealized +3.0%

ITA ISHARES US AEROSPACE DEFENSE E 0.8%

Value ($000) $1,857 Shares 8,650 Est. Cost $166.87 Unrealized —

PCAR PACCAR INC 0.2%

Value ($000) $456 Shares 4,162 Est. Cost $46.81 Unrealized +116.2%

— AT&T INC 0.1%

Value ($000) $246 Shares 9,901 Est. Cost $33.90 Unrealized —

VMC VULCAN MATERIALS CO 0.2%

Value ($000) $406 Shares 1,424 Est. Cost $122.46 Unrealized +139.4%

GLW CORNING INC 0.2%

Value ($000) $495 Shares 5,650 Est. Cost $33.68 Unrealized +155.3%

WHR WHIRLPOOL CORP 0.2%

Value ($000) $348 Shares 4,825 Est. Cost $135.51 Unrealized -45.5%

CCL CARNIVAL CORP F 0.2%

Value ($000) $507 Shares 16,600 Est. Cost $9.17 Unrealized +204.1%

LOW LOWES COS INC 0.2%

Value ($000) $543 Shares 2,250 Est. Cost $88.67 Unrealized +170.5%

— ENBRIDGE INC F 0.2%

Value ($000) $386 Shares 8,071 Est. Cost $34.08 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.1%

Value ($000) $242 Shares 425 Est. Cost $470.02 Unrealized +23.1%

— AGILENT TECHNOLOGIES INC 0.1%

Value ($000) $262 Shares 1,925 Est. Cost $120.25 Unrealized —

LHX L3HARRIS TECHNOLOGIES IN 0.1%

Value ($000) $264 Shares 900 Est. Cost $186.80 Unrealized +54.4%

— GLOBE LIFE INC 0.2%

Value ($000) $441 Shares 3,150 Est. Cost $131.72 Unrealized —

— KINDER MORGAN INC DEL 0.1%

Value ($000) $294 Shares 10,678 Est. Cost $27.40 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $287 Shares 2,000 Est. Cost $61.39 Unrealized +137.7%

— INVSC S P 500 EQUAL WEIGHT ETF 0.3%

Value ($000) $575 Shares 3,000 Est. Cost $169.37 Unrealized —

IWM ISHARES RUSSELL 2000 ETF 0.1%

Value ($000) $305 Shares 1,240 Est. Cost $165.13 Unrealized —

ED CONSOLIDATED EDISON INC 0.2%

Value ($000) $377 Shares 3,800 Est. Cost $36.96 Unrealized +167.3%

DIS DISNEY (WALT) CO COM STK 0.3%

Value ($000) $572 Shares 5,030 Est. Cost $61.78 Unrealized +77.3%

— CONOCOPHILLIPS 0.1%

Value ($000) $293 Shares 3,132 Est. Cost $65.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC DEL	39,830	$22,817	10.1%	$65.01	+754.5%	COM	149123101
LLY	ELI LILLY & CO	11,930	$12,821	5.6%	$138.52	+589.8%	COM	532457108
CMI	CUMMINS INC	14,600	$7,453	3.3%	$85.24	+447.1%	COM	231021106
—	RTX CORP	51,644	$9,472	4.2%	$123.27	—	COM	75513e101
ALL	ALLSTATE CORP DEL COM	45,375	$9,445	4.2%	$41.42	+392.8%	COM	020002101
—	CARDINAL HEALTH INC	6,500	$1,336	0.6%	$57.96	—	COM	14149y108
DE	DEERE & CO	32,085	$14,938	6.6%	$68.04	+587.3%	COM	244199105
LMT	LOCKHEED MARTIN CORP	14,765	$7,141	3.1%	$147.25	+223.4%	COM	539830109
C	CITIGROUP INC	12,500	$1,459	0.6%	$43.17	+140.0%	COM	172967424
ABT	ABBOTT LABS	20,200	$2,531	1.1%	$33.84	+276.2%	COM	002824100
BMY	BRISTOL-MYERS SQUIBB CO	16,141	$871	0.4%	$32.39	+46.7%	COM	110122108
—	DUKE ENERGY CORP NEW	21,413	$2,510	1.1%	$75.26	—	COM	26441c204
LNC	LINCOLN NATL CORP IND	31,600	$1,407	0.6%	$23.49	+75.3%	COM	534187109
DAL	DELTA AIR LINES INC DEL	9,800	$680	0.3%	$32.24	+93.7%	COM	247361702
HD	HOME DEPOT INC	2,000	$688	0.3%	$104.62	+248.5%	COM	437076102
MSI	MOTOROLA SOLUTIONS INC	1,397	$535	0.2%	$136.41	+193.8%	COM	620076307
—	JOHNSON CONTROLS INT F	10,005	$1,198	0.5%	$77.61	—	COM	g51502105
—	ABBVIE INC	24,115	$5,510	2.4%	$197.48	—	COM	00287y109
ROK	ROCKWELL AUTOMATION INC	2,100	$817	0.4%	$95.82	+291.6%	COM	773903109
—	GE VERNOVA INC	2,139	$1,398	0.6%	$337.22	—	COM	36828a101
IVV	ISHARES CORE S&P 500 ETF	4,768	$3,266	1.4%	$258.40	—	COM	464287200
GE	GE AEROSPACE	9,983	$3,075	1.4%	$65.81	+357.1%	COM	369604301
—	ALTRIA GROUP INC	6,900	$398	0.2%	$60.02	—	COM	02209s103
—	BAKER HUGHES CO CL A	17,500	$797	0.4%	$43.95	—	COM	05722g100
GWW	W W GRAINGER INCORP	980	$989	0.4%	$195.92	+394.5%	COM	384802104
—	CISCO SYSTEMS INC COM	6,000	$462	0.2%	$59.20	—	COM	17275r102
ITW	ILLINOIS TOOL WKS INC COM	3,500	$862	0.4%	$57.38	+331.4%	COM	452308109
SCHW	CHARLES SCHWAB CORP	11,150	$1,114	0.5%	$19.37	+389.2%	COM	808513105
CLF	CLEVELAND-CLIFFS INC NEW	44,875	$596	0.3%	$12.26	+3.0%	COM	185899101
ITA	ISHARES US AEROSPACE DEFENSE E	8,650	$1,857	0.8%	$166.87	—	COM	464288760
PCAR	PACCAR INC	4,162	$456	0.2%	$46.81	+116.2%	COM	693718108
—	AT&T INC	9,901	$246	0.1%	$33.90	—	COM	00206r102
VMC	VULCAN MATERIALS CO	1,424	$406	0.2%	$122.46	+139.4%	COM	929160109
GLW	CORNING INC	5,650	$495	0.2%	$33.68	+155.3%	COM	219350105
WHR	WHIRLPOOL CORP	4,825	$348	0.2%	$135.51	-45.5%	COM	963320106
CCL	CARNIVAL CORP F	16,600	$507	0.2%	$9.17	+204.1%	COM	143658300
LOW	LOWES COS INC	2,250	$543	0.2%	$88.67	+170.5%	COM	548661107
—	ENBRIDGE INC F	8,071	$386	0.2%	$34.08	—	COM	29250n105
NOC	NORTHROP GRUMMAN CORP	425	$242	0.1%	$470.02	+23.1%	COM	666807102
—	AGILENT TECHNOLOGIES INC	1,925	$262	0.1%	$120.25	—	COM	00846u101
LHX	L3HARRIS TECHNOLOGIES IN	900	$264	0.1%	$186.80	+54.4%	COM	502431109
—	GLOBE LIFE INC	3,150	$441	0.2%	$131.72	—	COM	37959e102
—	KINDER MORGAN INC DEL	10,678	$294	0.1%	$27.40	—	COM	49456b101
PEP	PEPSICO INC	2,000	$287	0.1%	$61.39	+137.7%	COM	713448108
—	INVSC S P 500 EQUAL WEIGHT ETF	3,000	$575	0.3%	$169.37	—	COM	46137v357
IWM	ISHARES RUSSELL 2000 ETF	1,240	$305	0.1%	$165.13	—	COM	464287655
ED	CONSOLIDATED EDISON INC	3,800	$377	0.2%	$36.96	+167.3%	COM	209115104
DIS	DISNEY (WALT) CO COM STK	5,030	$572	0.3%	$61.78	+77.3%	COM	254687106
—	CONOCOPHILLIPS	3,132	$293	0.1%	$65.28	—	COM	20825c104