Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EEM	ISHARES TR	308,634	$21.11M	1.9%	—	—	MSCI EMG MKT ETF	464287234
—	AFFIRM HLDGS INC	15,166,000	$14.9M	1.4%	—	—	NOTE 11/1	00827BAB2
—	SNAP INC	10,769,000	$10.23M	0.9%	—	—	NOTE 5/0	83304AAF3
AR	ANTERO RESOURCES CORP	249,562	$8.77M	0.8%	—	—	COM	03674X106
—	BLACKSTONE MORTGAGE TRUST IN	5,977,000	$5.947M	0.5%	—	—	NOTE 5.500% 3/1	09257WAE0
MU	MICRON TECHNOLOGY INC	5,067	$5.849M	0.5%	—	—	COM	595112103
KOID	KRANESHARES TRUST	140,017	$5.772M	0.5%	—	—	GBL HUMANOID ROB	500767751
—	SEA LTD	1,809,000	$1.79M	0.2%	—	—	NOTE 0.250% 9/1	81141RAG5
SA	SEABRIDGE GOLD INC	65,664	$1.69M	0.2%	—	—	COM	811927102
LMT	LOCKHEED MARTIN CORP	3,265	$1.663M	0.2%	—	—	COM	539830109
SYK	STRYKER CORPORATION	3,666	$1.154M	0.1%	—	—	COM	863667101
MUB	ISHARES TR	9,450	$1.017M	0.1%	—	—	NATIONAL MUN ETF	464288414
SUB	ISHARES TR	9,429	$1.004M	0.1%	—	—	SHRT NAT MUN ETF	464288158
KRMN	KARMAN HLDGS INC	13,211	$659K	0.1%	—	—	COMMON STOCK	485924104
GLD	SPDR GOLD TR	1,265	$466K	0.0%	—	—	GOLD SHS	78463V107
IVE	ISHARES TR	1,691	$384K	0.0%	—	—	S&P 500 VAL ETF	464287408
RKLB	ROCKET LAB CORP	3,303	$336K	0.0%	—	—	COM	773121108
—	NUVEEN AMT FREE QLTY MUN INC	26,709	$314K	0.0%	—	—	COM	670657105
VIOG	VANGUARD ADMIRAL FDS INC	1,503	$231K	0.0%	—	—	SMLCP 600 GRTH	921932794
JNJ	JOHNSON & JOHNSON	881	$224K	0.0%	—	—	COM	478160104
IWS	ISHARES TR	1,352	$223K	0.0%	—	—	RUS MDCP VAL ETF	464287473
IWN	ISHARES TR	948	$210K	0.0%	—	—	RUS 2000 VAL ETF	464287630

Increased Positions (66)

PH PARKER-HANNIFIN CORP 2.1%

Value $22.54M (+169.9%) Shares 23,047 (+147.0%) Est. Cost — Unrealized —

AIR AAR CORP 2.8%

Value $31.08M (+66.1%) Shares 217,472 (+27.2%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 3.0%

Value $33.29M (+38.6%) Shares 139,659 (+21.2%) Est. Cost — Unrealized —

RITM RITHM CAPITAL CORP 1.2%

Value $13.58M (+168.0%) Shares 1,446,395 (+170.6%) Est. Cost — Unrealized —

SMG SCOTTS MIRACLE-GRO CO 0.8%

Value $8.762M (+869.5%) Shares 128,650 (+765.6%) Est. Cost — Unrealized —

FIX COMFORT SYS USA INC 1.1%

Value $11.51M (+165.0%) Shares 5,808 (+84.4%) Est. Cost — Unrealized —

UGI UGI CORP NEW 1.4%

Value $14.77M (+81.8%) Shares 427,597 (+91.7%) Est. Cost — Unrealized —

DDOG DATADOG INC 0.7%

Value $8.064M (+346.7%) Shares 30,974 (+102.5%) Est. Cost — Unrealized —

SN SHARKNINJA INC 0.6%

Value $6.512M (+1205.9%) Shares 42,768 (+808.2%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 2.0%

Value $21.64M (+33.7%) Shares 108,155 (+16.5%) Est. Cost — Unrealized —

GD GENERAL DYNAMICS CORP 2.6%

Value $28.31M (+22.6%) Shares 79,917 (+18.8%) Est. Cost — Unrealized —

AMRZ AMRIZE LTD 0.5%

Value $5.615M (+827.7%) Shares 105,350 (+875.0%) Est. Cost — Unrealized —

SHLS SHOALS TECHNOLOGIES GROUP IN 0.5%

Value $5.533M (+873.5%) Shares 558,849 (+547.1%) Est. Cost — Unrealized —

META META PLATFORMS INC 0.8%

Value $9.048M (+109.1%) Shares 16,062 (+112.4%) Est. Cost — Unrealized —

RDDT REDDIT INC 0.5%

Value $5.233M (+900.8%) Shares 30,145 (+676.3%) Est. Cost — Unrealized —

V VISA INC 1.9%

Value $20.95M (+22.3%) Shares 61,067 (+7.7%) Est. Cost — Unrealized —

KGC KINROSS GOLD CORP 0.6%

Value $6.472M (+127.7%) Shares 274,002 (+194.2%) Est. Cost — Unrealized —

VRSK VERISK ANALYTICS INC 1.0%

Value $11.24M (+47.1%) Shares 62,604 (+55.4%) Est. Cost — Unrealized —

GNRC GENERAC HLDGS INC 0.9%

Value $9.915M (+56.3%) Shares 33,862 (+4.3%) Est. Cost — Unrealized —

C CITIGROUP INC 1.2%

Value $12.78M (+29.8%) Shares 91,324 (+5.1%) Est. Cost — Unrealized —

HCSG HEALTHCARE SVCS GROUP INC 0.7%

Value $8.018M (+42.8%) Shares 326,456 (+7.8%) Est. Cost — Unrealized —

AVGO BROADCOM INC 1.0%

Value $10.7M (+26.6%) Shares 28,331 (+3.7%) Est. Cost — Unrealized —

LAMR LAMAR ADVERTISING CO 0.9%

Value $10.35M (+25.4%) Shares 66,333 (+1.8%) Est. Cost — Unrealized —

JMBS JANUS DETROIT STR TR 1.8%

Value $19.21M (+10.4%) Shares 426,966 (+10.9%) Est. Cost — Unrealized —

AAPL APPLE INC 1.2%

Value $13.05M (+15.5%) Shares 45,101 (+1.3%) Est. Cost — Unrealized —

AEM AGNICO EAGLE MINES LTD 0.5%

Value $5.969M (-21.2%) Shares 38,475 (+3.1%) Est. Cost — Unrealized —

AXP AMERICAN EXPRESS CO 1.1%

Value $12.44M (+14.3%) Shares 36,788 (+2.2%) Est. Cost — Unrealized —

DPZ DOMINOS PIZZA INC 0.9%

Value $10.21M (-13.1%) Shares 34,484 (+5.3%) Est. Cost — Unrealized —

RGLD ROYAL GOLD INC 0.6%

Value $6.249M (-18.8%) Shares 31,304 (+3.5%) Est. Cost — Unrealized —

ABNB AIRBNB INC 0.7%

Value $7.723M (+16.2%) Shares 53,972 (+2.6%) Est. Cost — Unrealized —

HD HOME DEPOT INC 0.5%

Value $4.912M (+26.9%) Shares 13,927 (+18.3%) Est. Cost — Unrealized —

PM PHILIP MORRIS INTL INC 0.7%

Value $7.574M (+13.5%) Shares 41,865 (+3.8%) Est. Cost — Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.7%

Value $7.208M (-10.9%) Shares 170,231 (+5.7%) Est. Cost — Unrealized —

GLDM WORLD GOLD TR 0.7%

Value $7.842M (-9.8%) Shares 98,737 (+5.3%) Est. Cost — Unrealized —

BTI BRITISH AMERN TOB PLC 0.7%

Value $8.043M (+11.6%) Shares 130,235 (+5.6%) Est. Cost — Unrealized —

EQX EQUINOX GOLD CORP 0.1%

Value $1.527M (-29.1%) Shares 156,744 (+4.9%) Est. Cost — Unrealized —

VICI VICI PPTYS INC 0.2%

Value $2.636M (+29.8%) Shares 99,296 (+33.5%) Est. Cost — Unrealized —

FNV FRANCO NEV CORP 0.4%

Value $4.882M (-10.6%) Shares 23,422 (+5.9%) Est. Cost — Unrealized —

MBB ISHARES TR 1.8%

Value $19.12M (+2.8%) Shares 202,306 (+3.3%) Est. Cost — Unrealized —

CGAU CENTERRA GOLD INC 0.7%

Value $7.878M (-5.7%) Shares 496,899 (+5.5%) Est. Cost — Unrealized —

GLPI GAMING & LEISURE P 0.7%

Value $7.399M (+6.5%) Shares 166,149 (+6.1%) Est. Cost — Unrealized —

AGI ALAMOS GOLD INC 0.1%

Value $1.157M (-27.4%) Shares 38,171 (+6.2%) Est. Cost — Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.2%

Value $2.033M (+22.3%) Shares 7,230 (+5.4%) Est. Cost — Unrealized —

AMLP ALPS ETF TR 1.2%

Value $12.57M (+3.0%) Shares 242,497 (+4.6%) Est. Cost — Unrealized —

PAAS PAN AMERN SILVER CORP 0.2%

Value $2.143M (-13.1%) Shares 47,843 (+6.0%) Est. Cost — Unrealized —

EGO ELDORADO GOLD CORP NEW 0.2%

Value $1.72M (+22.9%) Shares 55,266 (+35.2%) Est. Cost — Unrealized —

PSA PUBLIC STORAGE 0.1%

Value $1.59M (+24.3%) Shares 4,996 (+5.8%) Est. Cost — Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 1.4%

Value $14.88M (-1.8%) Shares 120,894 (+25.4%) Est. Cost — Unrealized —

GDX VANECK ETF TRUST 0.2%

Value $1.824M (-12.7%) Shares 24,175 (+6.2%) Est. Cost — Unrealized —

NEM NEWMONT CORP 0.3%

Value $2.766M (-8.4%) Shares 29,614 (+6.1%) Est. Cost — Unrealized —

OR OR ROYALTIES INC. 0.2%

Value $1.674M (-11.2%) Shares 52,875 (+6.5%) Est. Cost — Unrealized —

B BARRICK MNG CORP 0.4%

Value $4.418M (-4.4%) Shares 120,168 (+6.0%) Est. Cost — Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.2%

Value $2.311M (+8.7%) Shares 67,973 (+2.4%) Est. Cost — Unrealized —

AFG AMERICAN FINANCIAL GROUP INC 0.1%

Value $1.428M (+14.9%) Shares 10,201 (+4.8%) Est. Cost — Unrealized —

GOOG ALPHABET INC 0.1%

Value $768K (+30.2%) Shares 2,175 (+5.7%) Est. Cost — Unrealized —

SGDJ SPROTT ETF TRUST 0.2%

Value $2.028M (-7.0%) Shares 26,895 (+6.2%) Est. Cost — Unrealized —

DBMF LITMAN GREGORY FDS TR 0.3%

Value $3.7M (+4.1%) Shares 120,867 (+2.5%) Est. Cost — Unrealized —

SPGI S&P GLOBAL INC 0.5%

Value $5.094M (-2.8%) Shares 12,508 (+1.6%) Est. Cost — Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 0.1%

Value $1.308M (-9.7%) Shares 25,619 (+4.4%) Est. Cost — Unrealized —

VRSN VERISIGN INC 0.3%

Value $3.303M (+3.0%) Shares 13,129 (+1.6%) Est. Cost — Unrealized —

ABBV ABBVIE INC 0.0%

Value $440K (+21.2%) Shares 1,747 (+4.7%) Est. Cost — Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.1%

Value $856K (-8.2%) Shares 18,806 (+6.4%) Est. Cost — Unrealized —

CTAS CINTAS CORP 0.2%

Value $2.063M (+3.2%) Shares 12,131 (+2.6%) Est. Cost — Unrealized —

TLT ISHARES TR 0.1%

Value $1.162M (+5.1%) Shares 13,445 (+5.5%) Est. Cost — Unrealized —

BDX BECTON DICKINSON & CO 0.1%

Value $1.107M (+1.6%) Shares 7,314 (+5.6%) Est. Cost — Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP 0.0%

Value $276K (-2.6%) Shares 9,150 (+14.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PH	PARKER-HANNIFIN CORP	23,047 (+147.0%)	$22.54M (+169.9%)	2.1%	—	—	COM	701094104
AIR	AAR CORP	217,472 (+27.2%)	$31.08M (+66.1%)	2.8%	—	—	COM	000361105
AMZN	AMAZON COM INC	139,659 (+21.2%)	$33.29M (+38.6%)	3.0%	—	—	COM	023135106
RITM	RITHM CAPITAL CORP	1,446,395 (+170.6%)	$13.58M (+168.0%)	1.2%	—	—	COM NEW	64828T201
SMG	SCOTTS MIRACLE-GRO CO	128,650 (+765.6%)	$8.762M (+869.5%)	0.8%	—	—	CL A	810186106
FIX	COMFORT SYS USA INC	5,808 (+84.4%)	$11.51M (+165.0%)	1.1%	—	—	COM	199908104
UGI	UGI CORP NEW	427,597 (+91.7%)	$14.77M (+81.8%)	1.4%	—	—	COM	902681105
DDOG	DATADOG INC	30,974 (+102.5%)	$8.064M (+346.7%)	0.7%	—	—	CL A COM	23804L103
SN	SHARKNINJA INC	42,768 (+808.2%)	$6.512M (+1205.9%)	0.6%	—	—	COM SHS	G8068L108
NVDA	NVIDIA CORPORATION	108,155 (+16.5%)	$21.64M (+33.7%)	2.0%	—	—	COM	67066G104
GD	GENERAL DYNAMICS CORP	79,917 (+18.8%)	$28.31M (+22.6%)	2.6%	—	—	COM	369550108
AMRZ	AMRIZE LTD	105,350 (+875.0%)	$5.615M (+827.7%)	0.5%	—	—	SHS	H2927K103
SHLS	SHOALS TECHNOLOGIES GROUP IN	558,849 (+547.1%)	$5.533M (+873.5%)	0.5%	—	—	CL A	82489W107
META	META PLATFORMS INC	16,062 (+112.4%)	$9.048M (+109.1%)	0.8%	—	—	CL A	30303M102
RDDT	REDDIT INC	30,145 (+676.3%)	$5.233M (+900.8%)	0.5%	—	—	CL A	75734B100
V	VISA INC	61,067 (+7.7%)	$20.95M (+22.3%)	1.9%	—	—	COM CL A	92826C839
KGC	KINROSS GOLD CORP	274,002 (+194.2%)	$6.472M (+127.7%)	0.6%	—	—	COM	496902404
VRSK	VERISK ANALYTICS INC	62,604 (+55.4%)	$11.24M (+47.1%)	1.0%	—	—	COM	92345Y106
GNRC	GENERAC HLDGS INC	33,862 (+4.3%)	$9.915M (+56.3%)	0.9%	—	—	COM	368736104
C	CITIGROUP INC	91,324 (+5.1%)	$12.78M (+29.8%)	1.2%	—	—	COM NEW	172967424
HCSG	HEALTHCARE SVCS GROUP INC	326,456 (+7.8%)	$8.018M (+42.8%)	0.7%	—	—	COM	421906108
AVGO	BROADCOM INC	28,331 (+3.7%)	$10.7M (+26.6%)	1.0%	—	—	COM	11135F101
LAMR	LAMAR ADVERTISING CO	66,333 (+1.8%)	$10.35M (+25.4%)	0.9%	—	—	CL A	512816109
JMBS	JANUS DETROIT STR TR	426,966 (+10.9%)	$19.21M (+10.4%)	1.8%	—	—	HENDERSON MTG	47103U852
AAPL	APPLE INC	45,101 (+1.3%)	$13.05M (+15.5%)	1.2%	—	—	COM	037833100
AEM	AGNICO EAGLE MINES LTD	38,475 (+3.1%)	$5.969M (-21.2%)	0.5%	—	—	COM	008474108
AXP	AMERICAN EXPRESS CO	36,788 (+2.2%)	$12.44M (+14.3%)	1.1%	—	—	COM	025816109
DPZ	DOMINOS PIZZA INC	34,484 (+5.3%)	$10.21M (-13.1%)	0.9%	—	—	COM	25754A201
RGLD	ROYAL GOLD INC	31,304 (+3.5%)	$6.249M (-18.8%)	0.6%	—	—	COM	780287108
ABNB	AIRBNB INC	53,972 (+2.6%)	$7.723M (+16.2%)	0.7%	—	—	COM CL A	009066101
HD	HOME DEPOT INC	13,927 (+18.3%)	$4.912M (+26.9%)	0.5%	—	—	COM	437076102
PM	PHILIP MORRIS INTL INC	41,865 (+3.8%)	$7.574M (+13.5%)	0.7%	—	—	COM	718172109
VZ	VERIZON COMMUNICATIONS INC	170,231 (+5.7%)	$7.208M (-10.9%)	0.7%	—	—	COM	92343V104
GLDM	WORLD GOLD TR	98,737 (+5.3%)	$7.842M (-9.8%)	0.7%	—	—	SPDR GLD MINIS	98149E303
BTI	BRITISH AMERN TOB PLC	130,235 (+5.6%)	$8.043M (+11.6%)	0.7%	—	—	SPONSORED ADR	110448107
EQX	EQUINOX GOLD CORP	156,744 (+4.9%)	$1.527M (-29.1%)	0.1%	—	—	COM	29446Y502
VICI	VICI PPTYS INC	99,296 (+33.5%)	$2.636M (+29.8%)	0.2%	—	—	COM	925652109
FNV	FRANCO NEV CORP	23,422 (+5.9%)	$4.882M (-10.6%)	0.4%	—	—	COM	351858105
MBB	ISHARES TR	202,306 (+3.3%)	$19.12M (+2.8%)	1.8%	—	—	MBS ETF	464288588
CGAU	CENTERRA GOLD INC	496,899 (+5.5%)	$7.878M (-5.7%)	0.7%	—	—	COM	152006102
GLPI	GAMING & LEISURE P	166,149 (+6.1%)	$7.399M (+6.5%)	0.7%	—	—	COM	36467J108
AGI	ALAMOS GOLD INC	38,171 (+6.2%)	$1.157M (-27.4%)	0.1%	—	—	COM CL A	011532108
IBM	INTERNATIONAL BUSINESS MACHS	7,230 (+5.4%)	$2.033M (+22.3%)	0.2%	—	—	COM	459200101
AMLP	ALPS ETF TR	242,497 (+4.6%)	$12.57M (+3.0%)	1.2%	—	—	ALERIAN MLP	00162Q452
PAAS	PAN AMERN SILVER CORP	47,843 (+6.0%)	$2.143M (-13.1%)	0.2%	—	—	COM	697900108
EGO	ELDORADO GOLD CORP NEW	55,266 (+35.2%)	$1.72M (+22.9%)	0.2%	—	—	COM	284902509
PSA	PUBLIC STORAGE	4,996 (+5.8%)	$1.59M (+24.3%)	0.1%	—	—	COM	74460D109
ICE	INTERCONTINENTAL EXCHANGE IN	120,894 (+25.4%)	$14.88M (-1.8%)	1.4%	—	—	COM	45866F104
GDX	VANECK ETF TRUST	24,175 (+6.2%)	$1.824M (-12.7%)	0.2%	—	—	GOLD MINERS ETF	92189F106
NEM	NEWMONT CORP	29,614 (+6.1%)	$2.766M (-8.4%)	0.3%	—	—	COM	651639106
OR	OR ROYALTIES INC.	52,875 (+6.5%)	$1.674M (-11.2%)	0.2%	—	—	COM SHS	68390D106
B	BARRICK MNG CORP	120,168 (+6.0%)	$4.418M (-4.4%)	0.4%	—	—	COM SHS	06849F108
CMG	CHIPOTLE MEXICAN GRILL INC	67,973 (+2.4%)	$2.311M (+8.7%)	0.2%	—	—	COM	169656105
AFG	AMERICAN FINANCIAL GROUP INC	10,201 (+4.8%)	$1.428M (+14.9%)	0.1%	—	—	COM	025932104
GOOG	ALPHABET INC	2,175 (+5.7%)	$768K (+30.2%)	0.1%	—	—	CAP STK CL C	02079K107
SGDJ	SPROTT ETF TRUST	26,895 (+6.2%)	$2.028M (-7.0%)	0.2%	—	—	JR GOLD MINERS E	85210B201
DBMF	LITMAN GREGORY FDS TR	120,867 (+2.5%)	$3.7M (+4.1%)	0.3%	—	—	IMGP DBI MAN ETF	53700T827
SPGI	S&P GLOBAL INC	12,508 (+1.6%)	$5.094M (-2.8%)	0.5%	—	—	COM	78409V104
FBTC	FIDELITY WISE ORIGIN BITCOIN	25,619 (+4.4%)	$1.308M (-9.7%)	0.1%	—	—	SHS	315948109
VRSN	VERISIGN INC	13,129 (+1.6%)	$3.303M (+3.0%)	0.3%	—	—	COM	92343E102
ABBV	ABBVIE INC	1,747 (+4.7%)	$440K (+21.2%)	0.0%	—	—	COM	00287Y109
GBTC	GRAYSCALE BITCOIN TRUST ETF	18,806 (+6.4%)	$856K (-8.2%)	0.1%	—	—	SHS REP COM UT	389637109
CTAS	CINTAS CORP	12,131 (+2.6%)	$2.063M (+3.2%)	0.2%	—	—	COM	172908105
TLT	ISHARES TR	13,445 (+5.5%)	$1.162M (+5.1%)	0.1%	—	—	20 YR TR BD ETF	464287432
BDX	BECTON DICKINSON & CO	7,314 (+5.6%)	$1.107M (+1.6%)	0.1%	—	—	COM	075887109
PHYS	SPROTT ASSET MANAGEMENT LP	9,150 (+14.4%)	$276K (-2.6%)	0.0%	—	—	PHYSICAL GOLD TR	85207H104

Exited Positions (18)

KVUE KENVUE INC 1.4%

Value $14.93M Shares 865,883 Est. Cost — Unrealized —

MKC MCCORMICK & CO INC 0.9%

Value $9.873M Shares 195,731 Est. Cost — Unrealized —

BXSL BLACKSTONE SECD LENDING FD 0.8%

Value $8.784M Shares 370,774 Est. Cost — Unrealized —

VRRM VERRA MOBILITY CORP 0.4%

Value $4.864M Shares 340,401 Est. Cost — Unrealized —

NVR NVR INC 0.3%

Value $3.552M Shares 539 Est. Cost — Unrealized —

INTU INTUIT 0.2%

Value $2.517M Shares 5,822 Est. Cost — Unrealized —

HODL VANECK BITCOIN ETF 0.2%

Value $1.986M Shares 103,660 Est. Cost — Unrealized —

CRM SALESFORCE INC 0.2%

Value $1.896M Shares 10,158 Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.889M Shares 3,942 Est. Cost — Unrealized —

SA SEABRIDGE GOLD INC 0.2%

Value $1.751M Shares 61,797 Est. Cost — Unrealized —

AOS SMITH A O CORP 0.1%

Value $1.153M Shares 17,479 Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value $503K Shares 6,987 Est. Cost — Unrealized —

NKE NIKE INC 0.0%

Value $444K Shares 8,412 Est. Cost — Unrealized —

TTD THE TRADE DESK INC 0.0%

Value $341K Shares 15,050 Est. Cost — Unrealized —

GSHD GOOSEHEAD INS INC 0.0%

Value $320K Shares 7,504 Est. Cost — Unrealized —

CSGP COSTAR GROUP INC 0.0%

Value $301K Shares 7,463 Est. Cost — Unrealized —

DOCS DOXIMITY INC 0.0%

Value $206K Shares 8,858 Est. Cost — Unrealized —

TMDX TRANSMEDICS GROUP INC 0.0%

Value $200K Shares 2,016 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KVUE	KENVUE INC	865,883	$14.93M	1.4%	—	—	—	49177J102
MKC	MCCORMICK & CO INC	195,731	$9.873M	0.9%	—	—	—	579780206
BXSL	BLACKSTONE SECD LENDING FD	370,774	$8.784M	0.8%	—	—	—	09261X102
VRRM	VERRA MOBILITY CORP	340,401	$4.864M	0.4%	—	—	—	92511U102
NVR	NVR INC	539	$3.552M	0.3%	—	—	—	62944T105
INTU	INTUIT	5,822	$2.517M	0.2%	—	—	—	461202103
HODL	VANECK BITCOIN ETF	103,660	$1.986M	0.2%	—	—	—	92189K105
CRM	SALESFORCE INC	10,158	$1.896M	0.2%	—	—	—	79466L302
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,942	$1.889M	0.2%	—	—	—	084670702
SA	SEABRIDGE GOLD INC	61,797	$1.751M	0.2%	—	—	—	811916105
AOS	SMITH A O CORP	17,479	$1.153M	0.1%	—	—	—	831865209
UBER	UBER TECHNOLOGIES INC	6,987	$503K	0.0%	—	—	—	90353T100
NKE	NIKE INC	8,412	$444K	0.0%	—	—	—	654106103
TTD	THE TRADE DESK INC	15,050	$341K	0.0%	—	—	—	88339J105
GSHD	GOOSEHEAD INS INC	7,504	$320K	0.0%	—	—	—	38267D109
CSGP	COSTAR GROUP INC	7,463	$301K	0.0%	—	—	—	22160N109
DOCS	DOXIMITY INC	8,858	$206K	0.0%	—	—	—	26622P107
TMDX	TRANSMEDICS GROUP INC	2,016	$200K	0.0%	—	—	—	89377M109

Decreased Positions (44)

SGOV ISHARES TR 2.3%

Value $25.42M (-42.9%) Shares 252,502 (-42.9%) Est. Cost — Unrealized —

CME CME GROUP INC 1.2%

Value $13.17M (-45.8%) Shares 59,659 (-27.5%) Est. Cost — Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.5%

Value $5.075M (-67.0%) Shares 20,915 (-61.7%) Est. Cost — Unrealized —

HSY HERSHEY CO 0.3%

Value $2.782M (-75.1%) Shares 15,857 (-70.5%) Est. Cost — Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 1.1%

Value $12.42M (-39.4%) Shares 414,255 (-29.8%) Est. Cost — Unrealized —

TKR TIMKEN CO 2.4%

Value $26.41M (+41.3%) Shares 181,740 (-2.2%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 4.4%

Value $48.17M (+15.8%) Shares 134,778 (-6.8%) Est. Cost — Unrealized —

MCD MCDONALDS CORP 0.2%

Value $1.662M (-77.3%) Shares 6,148 (-73.9%) Est. Cost — Unrealized —

PSMT PRICESMART INC 1.1%

Value $11.7M (+20.6%) Shares 59,904 (-7.1%) Est. Cost — Unrealized —

COCO VITA COCO CO INC 1.9%

Value $21.01M (+10.4%) Shares 317,619 (-20.0%) Est. Cost — Unrealized —

ITB ISHARES TR 0.1%

Value $881K (-68.9%) Shares 8,437 (-73.1%) Est. Cost — Unrealized —

VNOM VIPER ENERGY INC 0.8%

Value $8.901M (-17.1%) Shares 209,928 (-8.2%) Est. Cost — Unrealized —

JKHY HENRY JACK & ASSOC INC 0.3%

Value $3.324M (-28.9%) Shares 24,130 (-18.4%) Est. Cost — Unrealized —

AXS AXIS CAP HLDGS LTD 2.8%

Value $30.04M (+4.7%) Shares 279,594 (-1.2%) Est. Cost — Unrealized —

— PG&E CORP 1.0%

Value $11.14M (-8.8%) Shares 269,385 (-5.2%) Est. Cost — Unrealized —

CSL CARLISLE COS INC 1.1%

Value $11.5M (+7.5%) Shares 31,715 (-1.2%) Est. Cost — Unrealized —

— SHIFT4 PMTS INC 0.6%

Value $6.333M (+12.1%) Shares 101,709 (-3.4%) Est. Cost — Unrealized —

— KAYNE ANDERSON ENERGY INFRST 0.8%

Value $8.297M (-7.2%) Shares 599,903 (-4.2%) Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 0.8%

Value $9.025M (-6.3%) Shares 5,317 (-4.6%) Est. Cost — Unrealized —

ALLE ALLEGION PLC 0.6%

Value $6.663M (-7.9%) Shares 47,430 (-4.8%) Est. Cost — Unrealized —

WRB BERKLEY W R CORP 1.2%

Value $13.35M (+4.2%) Shares 189,337 (-2.1%) Est. Cost — Unrealized —

TXNM TXNM ENERGY INC 0.5%

Value $5.827M (-8.3%) Shares 102,623 (-5.6%) Est. Cost — Unrealized —

TRV TRAVELERS COMPANIES INC 1.1%

Value $11.86M (-3.9%) Shares 35,938 (-15.1%) Est. Cost — Unrealized —

MKL MARKEL GROUP INC 1.6%

Value $17.86M (-1.9%) Shares 9,145 (-3.9%) Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.2%

Value $2.26M (-13.3%) Shares 22,117 (-24.0%) Est. Cost — Unrealized —

SNOW SNOWFLAKE INC 0.1%

Value $831K (+56.6%) Shares 3,264 (-7.2%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.1%

Value $863K (+39.8%) Shares 1,807 (-1.0%) Est. Cost — Unrealized —

PLNT PLANET FITNESS MASTER ISSUER 0.0%

Value $422K (-35.5%) Shares 8,098 (-8.0%) Est. Cost — Unrealized —

DHR DANAHER CORP DEL 1.0%

Value $10.79M (-1.6%) Shares 56,659 (-2.0%) Est. Cost — Unrealized —

CRH CRH PLC 1.5%

Value $16.04M (-0.9%) Shares 149,931 (-2.6%) Est. Cost — Unrealized —

HROW HARROW INC 0.1%

Value $1.36M (+11.0%) Shares 32,032 (-7.8%) Est. Cost — Unrealized —

TSLA TESLA INC 0.1%

Value $1.149M (-9.2%) Shares 2,733 (-19.8%) Est. Cost — Unrealized —

GRAB GRAB HOLDINGS LIMITED 0.0%

Value $211K (-33.5%) Shares 55,894 (-35.4%) Est. Cost — Unrealized —

GS GOLDMAN SACHS GROUP INC 0.1%

Value $622K (+16.3%) Shares 615 (-2.7%) Est. Cost — Unrealized —

XYL XYLEM INC 0.3%

Value $3.575M (-2.2%) Shares 30,246 (-1.2%) Est. Cost — Unrealized —

SSD SIMPSON MFG INC 0.1%

Value $695K (+11.8%) Shares 3,320 (-8.3%) Est. Cost — Unrealized —

SOFI SOFI TECHNOLOGIES INC 0.1%

Value $947K (+6.7%) Shares 52,837 (-5.5%) Est. Cost — Unrealized —

APPF APPFOLIO INC 0.0%

Value $531K (-6.7%) Shares 3,310 (-8.1%) Est. Cost — Unrealized —

CDE COEUR MNG INC 0.0%

Value $196K (-16.1%) Shares 12,013 (-3.5%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.2%

Value $13.5M (-0.2%) Shares 36,196 (-1.0%) Est. Cost — Unrealized —

ZETA ZETA GLOBAL HOLDINGS CORP 0.7%

Value $7.974M (-0.4%) Shares 405,205 (-19.4%) Est. Cost — Unrealized —

KNSL KINSALE CAP GROUP INC 0.1%

Value $577K (-4.9%) Shares 1,750 (-1.5%) Est. Cost — Unrealized —

DASH DOORDASH INC 0.0%

Value $243K (-3.2%) Shares 1,318 (-21.2%) Est. Cost — Unrealized —

HQY HEALTHEQUITY INC 0.1%

Value $696K (-0.6%) Shares 7,704 (-8.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	252,502 (-42.9%)	$25.42M (-42.9%)	2.3%	—	—	0-3 MTH TREASURY	46436E718
CME	CME GROUP INC	59,659 (-27.5%)	$13.17M (-45.8%)	1.2%	—	—	COM	12572Q105
CBOE	CBOE GLOBAL MKTS INC	20,915 (-61.7%)	$5.075M (-67.0%)	0.5%	—	—	COM	12503M108
HSY	HERSHEY CO	15,857 (-70.5%)	$2.782M (-75.1%)	0.3%	—	—	COM	427866108
TFPM	TRIPLE FLAG PRECIOUS METAL	414,255 (-29.8%)	$12.42M (-39.4%)	1.1%	—	—	COM	89679M104
TKR	TIMKEN CO	181,740 (-2.2%)	$26.41M (+41.3%)	2.4%	—	—	COM	887389104
GOOGL	ALPHABET INC	134,778 (-6.8%)	$48.17M (+15.8%)	4.4%	—	—	CAP STK CL A	02079K305
MCD	MCDONALDS CORP	6,148 (-73.9%)	$1.662M (-77.3%)	0.2%	—	—	COM	580135101
PSMT	PRICESMART INC	59,904 (-7.1%)	$11.7M (+20.6%)	1.1%	—	—	COM	741511109
COCO	VITA COCO CO INC	317,619 (-20.0%)	$21.01M (+10.4%)	1.9%	—	—	COM	92846Q107
ITB	ISHARES TR	8,437 (-73.1%)	$881K (-68.9%)	0.1%	—	—	US HOME CONS ETF	464288752
VNOM	VIPER ENERGY INC	209,928 (-8.2%)	$8.901M (-17.1%)	0.8%	—	—	CL A	64361Q101
JKHY	HENRY JACK & ASSOC INC	24,130 (-18.4%)	$3.324M (-28.9%)	0.3%	—	—	COM	426281101
AXS	AXIS CAP HLDGS LTD	279,594 (-1.2%)	$30.04M (+4.7%)	2.8%	—	—	SHS	G0692U109
—	PG&E CORP	269,385 (-5.2%)	$11.14M (-8.8%)	1.0%	—	—	PFD CONV SER A	69331C306
CSL	CARLISLE COS INC	31,715 (-1.2%)	$11.5M (+7.5%)	1.1%	—	—	COM	142339100
—	SHIFT4 PMTS INC	101,709 (-3.4%)	$6.333M (+12.1%)	0.6%	—	—	6 SER A CNV PREF	82452J307
—	KAYNE ANDERSON ENERGY INFRST	599,903 (-4.2%)	$8.297M (-7.2%)	0.8%	—	—	COM	486606106
MELI	MERCADOLIBRE INC	5,317 (-4.6%)	$9.025M (-6.3%)	0.8%	—	—	COM	58733R102
ALLE	ALLEGION PLC	47,430 (-4.8%)	$6.663M (-7.9%)	0.6%	—	—	ORD SHS	G0176J109
WRB	BERKLEY W R CORP	189,337 (-2.1%)	$13.35M (+4.2%)	1.2%	—	—	COM	084423102
TXNM	TXNM ENERGY INC	102,623 (-5.6%)	$5.827M (-8.3%)	0.5%	—	—	COM	69349H107
TRV	TRAVELERS COMPANIES INC	35,938 (-15.1%)	$11.86M (-3.9%)	1.1%	—	—	COM	89417E109
MKL	MARKEL GROUP INC	9,145 (-3.9%)	$17.86M (-1.9%)	1.6%	—	—	COM	570535104
SBUX	STARBUCKS CORP	22,117 (-24.0%)	$2.26M (-13.3%)	0.2%	—	—	COM	855244109
SNOW	SNOWFLAKE INC	3,264 (-7.2%)	$831K (+56.6%)	0.1%	—	—	COM SHS	833445109
TSM	TAIWAN SEMICONDUCTOR MANUFAC	1,807 (-1.0%)	$863K (+39.8%)	0.1%	—	—	SPONSORED ADS	874039100
PLNT	PLANET FITNESS MASTER ISSUER	8,098 (-8.0%)	$422K (-35.5%)	0.0%	—	—	CL A	72703H101
DHR	DANAHER CORP DEL	56,659 (-2.0%)	$10.79M (-1.6%)	1.0%	—	—	COM	235851102
CRH	CRH PLC	149,931 (-2.6%)	$16.04M (-0.9%)	1.5%	—	—	ORD	G25508105
HROW	HARROW INC	32,032 (-7.8%)	$1.36M (+11.0%)	0.1%	—	—	COM	415858109
TSLA	TESLA INC	2,733 (-19.8%)	$1.149M (-9.2%)	0.1%	—	—	COM	88160R101
GRAB	GRAB HOLDINGS LIMITED	55,894 (-35.4%)	$211K (-33.5%)	0.0%	—	—	CLASS A ORD	G4124C109
GS	GOLDMAN SACHS GROUP INC	615 (-2.7%)	$622K (+16.3%)	0.1%	—	—	COM	38141G104
XYL	XYLEM INC	30,246 (-1.2%)	$3.575M (-2.2%)	0.3%	—	—	COM	98419M100
SSD	SIMPSON MFG INC	3,320 (-8.3%)	$695K (+11.8%)	0.1%	—	—	COM	829073105
SOFI	SOFI TECHNOLOGIES INC	52,837 (-5.5%)	$947K (+6.7%)	0.1%	—	—	COM	83406F102
APPF	APPFOLIO INC	3,310 (-8.1%)	$531K (-6.7%)	0.0%	—	—	COM CL A	03783C100
CDE	COEUR MNG INC	12,013 (-3.5%)	$196K (-16.1%)	0.0%	—	—	COM NEW	192108504
MSFT	MICROSOFT CORP	36,196 (-1.0%)	$13.5M (-0.2%)	1.2%	—	—	COM	594918104
ZETA	ZETA GLOBAL HOLDINGS CORP	405,205 (-19.4%)	$7.974M (-0.4%)	0.7%	—	—	CL A	98956A105
KNSL	KINSALE CAP GROUP INC	1,750 (-1.5%)	$577K (-4.9%)	0.1%	—	—	COM	49714P108
DASH	DOORDASH INC	1,318 (-21.2%)	$243K (-3.2%)	0.0%	—	—	CL A	25809K105
HQY	HEALTHEQUITY INC	7,704 (-8.0%)	$696K (-0.6%)	0.1%	—	—	COM	42226A107

Unchanged Positions (13)

LLY ELI LILLY & CO 2.3%

Value $25.48M Shares 21,241 Est. Cost — Unrealized —

SHEL SHELL PLC 1.5%

Value $16.55M Shares 213,476 Est. Cost — Unrealized —

KO COCA COLA CO 2.4%

Value $25.77M Shares 317,104 Est. Cost — Unrealized —

ASML ASML HLDG NV 0.2%

Value $2.55M Shares 1,282 Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value $971K Shares 1,272 Est. Cost — Unrealized —

AES AES CORP 1.3%

Value $14.11M Shares 962,326 Est. Cost — Unrealized —

PSLV SPROTT ASSET MANAGEMENT LP 0.1%

Value $827K Shares 43,849 Est. Cost — Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 0.0%

Value $417K Shares 10,370 Est. Cost — Unrealized —

SII SPROTT INC 0.0%

Value $277K Shares 2,462 Est. Cost — Unrealized —

U UNITY SOFTWARE INC 0.0%

Value $272K Shares 9,500 Est. Cost — Unrealized —

DFAC DIMENSIONAL ETF TRUST 0.0%

Value $335K Shares 7,546 Est. Cost — Unrealized —

BN BROOKFIELD CORP 0.1%

Value $755K Shares 17,698 Est. Cost — Unrealized —

VEEV VEEVA SYS INC 0.0%

Value $371K Shares 2,088 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	21,241	$25.48M	2.3%	—	—	COM	532457108
SHEL	SHELL PLC	213,476	$16.55M	1.5%	—	—	SPON ADS	780259305
KO	COCA COLA CO	317,104	$25.77M	2.4%	—	—	COM	191216100
ASML	ASML HLDG NV	1,282	$2.55M	0.2%	—	—	N Y REGISTRY SHS	N07059210
CRWD	CROWDSTRIKE HLDGS INC	1,272	$971K	0.1%	—	—	CL A	22788C105
AES	AES CORP	962,326	$14.11M	1.3%	—	—	COM	00130H105
PSLV	SPROTT ASSET MANAGEMENT LP	43,849	$827K	0.1%	—	—	PHYSICAL SILVER	85207K107
CEF	SPROTT ASSET MANAGEMENT LP	10,370	$417K	0.0%	—	—	PHYSICAL GOLD AN	85208R101
SII	SPROTT INC	2,462	$277K	0.0%	—	—	COM NEW	852066208
U	UNITY SOFTWARE INC	9,500	$272K	0.0%	—	—	COM	91332U101
DFAC	DIMENSIONAL ETF TRUST	7,546	$335K	0.0%	—	—	US COR EQU 2 ETF	25434V708
BN	BROOKFIELD CORP	17,698	$755K	0.1%	—	—	CL A LTD VT SH	11271J107
VEEV	VEEVA SYS INC	2,088	$371K	0.0%	—	—	CL A COM	922475108