Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	EXXONMOBIL HLDGS CORP	53,624	$7.331M	4.3%	$136.71	—	—	30233q108
INTC	INTEL CORP	3,040	$424K	0.2%	$139.47	—	—	458140100
HON	HONEYWELL INTL INC	995	$223K	0.1%	$224.12	—	—	438516205
—	HONEYWELL AEROSPACE INC	995	$220K	0.1%	$221.11	—	—	43849r105
—	VISA INC CLASS A	635	$218K	0.1%	$343.31	—	—	92826c839
—	LINDE PLC F	400	$208K	0.1%	$520.00	—	—	g54950103
EQR	EQUITY RESIDENTIAL	3,000	$204K	0.1%	$68.00	—	—	29476L107

Increased Positions (11)

— BROADCOM INC 9.7%

Value $16.74M (+25.1%) Shares 44,325 (+2.5%) Est. Cost $209.78 Unrealized —

— ALPHABET INC CLASS CLASS C 6.7%

Value $11.52M (+25.0%) Shares 32,601 (+1.5%) Est. Cost $148.87 Unrealized —

NTRA NATERA INC 2.7%

Value $4.584M (+80.5%) Shares 16,888 (+32.9%) Est. Cost $237.16 Unrealized —

BRK/B BERKSHIRE HATHAWAY CLASS B 2.2%

Value $3.741M (+72.9%) Shares 7,477 (+65.6%) Est. Cost $346.08 Unrealized —

AMZN AMAZON.COM INC 4.4%

Value $7.522M (+17.8%) Shares 31,558 (+2.9%) Est. Cost $178.24 Unrealized —

AEM AGNICO EAGLE MINES LTD F 2.8%

Value $4.756M (-19.0%) Shares 30,661 (+6.0%) Est. Cost $142.99 Unrealized —

CDE COEUR MNG INC 0.9%

Value $1.626M (+96.4%) Shares 99,645 (+126.0%) Est. Cost $18.97 Unrealized —

— VISTRA CORP 4.5%

Value $7.803M (+10.7%) Shares 49,191 (+4.9%) Est. Cost $113.48 Unrealized —

PM PHILIP MORRIS INTL INC 2.3%

Value $3.969M (+15.0%) Shares 21,939 (+5.1%) Est. Cost $125.65 Unrealized —

— EATON CORP PLC F 1.5%

Value $2.574M (+21.5%) Shares 6,040 (+1.9%) Est. Cost $351.42 Unrealized —

CAT CATERPILLAR INC 0.4%

Value $721K (+62.4%) Shares 677 (+8.0%) Est. Cost $371.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BROADCOM INC	44,325 (+2.5%)	$16.74M (+25.1%)	9.7%	$209.78	—	—	11135f101
—	ALPHABET INC CLASS CLASS C	32,601 (+1.5%)	$11.52M (+25.0%)	6.7%	$148.87	—	—	02079k107
NTRA	NATERA INC	16,888 (+32.9%)	$4.584M (+80.5%)	2.7%	$237.16	—	—	632307104
BRK/B	BERKSHIRE HATHAWAY CLASS B	7,477 (+65.6%)	$3.741M (+72.9%)	2.2%	$346.08	—	—	084670702
AMZN	AMAZON.COM INC	31,558 (+2.9%)	$7.522M (+17.8%)	4.4%	$178.24	—	—	023135106
AEM	AGNICO EAGLE MINES LTD F	30,661 (+6.0%)	$4.756M (-19.0%)	2.8%	$142.99	—	—	008474108
CDE	COEUR MNG INC	99,645 (+126.0%)	$1.626M (+96.4%)	0.9%	$18.97	—	—	192108504
—	VISTRA CORP	49,191 (+4.9%)	$7.803M (+10.7%)	4.5%	$113.48	—	—	92840m102
PM	PHILIP MORRIS INTL INC	21,939 (+5.1%)	$3.969M (+15.0%)	2.3%	$125.65	—	—	718172109
—	EATON CORP PLC F	6,040 (+1.9%)	$2.574M (+21.5%)	1.5%	$351.42	—	—	g29183103
CAT	CATERPILLAR INC	677 (+8.0%)	$721K (+62.4%)	0.4%	$371.40	—	—	149123101

Exited Positions (6)

— EXXON MOBIL CORP 5.1%

Value $8.843M Shares 52,124 Est. Cost $100.46 Unrealized —

— FTAI INFRASTRUCTURE INC 1.0%

Value $1.679M Shares 339,840 Est. Cost $6.25 Unrealized —

HON HONEYWELL INTL INC 0.3%

Value $450K Shares 1,990 Est. Cost $176.53 Unrealized —

LXP LXP INDUSTRIAL TRUST REI REIT 0.1%

Value $239K Shares 5,170 Est. Cost $49.52 Unrealized —

BP BP P L C F SPONSORED ADR 1 ADR 0.1%

Value $235K Shares 5,000 Est. Cost $47.00 Unrealized —

— UCORE RARE METALS INC F 0.1%

Value $115K Shares 28,850 Est. Cost $3.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	EXXON MOBIL CORP	52,124	$8.843M	5.1%	$100.46	—	—	30231g102
—	FTAI INFRASTRUCTURE INC	339,840	$1.679M	1.0%	$6.25	—	—	35953c106
HON	HONEYWELL INTL INC	1,990	$450K	0.3%	$176.53	—	—	438516106
LXP	LXP INDUSTRIAL TRUST REI REIT	5,170	$239K	0.1%	$49.52	—	—	529043408
BP	BP P L C F SPONSORED ADR 1 ADR	5,000	$235K	0.1%	$47.00	—	—	055622104
—	UCORE RARE METALS INC F	28,850	$115K	0.1%	$3.95	—	—	90348v301

Decreased Positions (6)

TMUS T-MOBILE US INC COM 0.1%

Value $230K (-75.8%) Shares 1,370 (-69.7%) Est. Cost $106.42 Unrealized —

PEP PEPSICO INC 0.2%

Value $329K (-66.8%) Shares 2,429 (-61.9%) Est. Cost $78.91 Unrealized —

— TESLA INC 0.3%

Value $587K (+11.4%) Shares 1,395 (-1.6%) Est. Cost $207.35 Unrealized —

BMY BRISTOL MYERS SQUIBB CO 0.1%

Value $207K (-18.8%) Shares 3,600 (-14.3%) Est. Cost $47.53 Unrealized —

MSFT MICROSOFT CORP 1.0%

Value $1.804M (-2.4%) Shares 4,835 (-3.2%) Est. Cost $126.88 Unrealized —

ENVX ENOVIX CORP 0.1%

Value $199K (+1.5%) Shares 32,763 (-13.5%) Est. Cost $13.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TMUS	T-MOBILE US INC COM	1,370 (-69.7%)	$230K (-75.8%)	0.1%	$106.42	—	—	872590104
PEP	PEPSICO INC	2,429 (-61.9%)	$329K (-66.8%)	0.2%	$78.91	—	—	713448108
—	TESLA INC	1,395 (-1.6%)	$587K (+11.4%)	0.3%	$207.35	—	—	88160r101
BMY	BRISTOL MYERS SQUIBB CO	3,600 (-14.3%)	$207K (-18.8%)	0.1%	$47.53	—	—	110122108
MSFT	MICROSOFT CORP	4,835 (-3.2%)	$1.804M (-2.4%)	1.0%	$126.88	—	—	594918104
ENVX	ENOVIX CORP	32,763 (-13.5%)	$199K (+1.5%)	0.1%	$13.31	—	—	293594107

Unchanged Positions (37)

— NVIDIA CORP 10.0%

Value $17.29M Shares 86,432 Est. Cost $135.44 Unrealized —

AAPL APPLE INC 10.5%

Value $18.07M Shares 62,437 Est. Cost $98.27 Unrealized —

AMD ADVANCED MICRO DEVICES I 1.9%

Value $3.229M Shares 5,558 Est. Cost $68.52 Unrealized —

— ALPHABET INC CLASS A 3.7%

Value $6.416M Shares 17,952 Est. Cost $136.26 Unrealized —

LLY ELI LILLY AND CO 3.0%

Value $5.114M Shares 4,264 Est. Cost $644.39 Unrealized —

QCOM QUALCOMM INC 1.6%

Value $2.755M Shares 14,910 Est. Cost $79.64 Unrealized —

TXN TEXAS INSTRS INC 1.1%

Value $1.972M Shares 6,617 Est. Cost $84.93 Unrealized —

MCHP MICROCHIP TECHNOLOGY INC 1.2%

Value $2.093M Shares 22,946 Est. Cost $45.25 Unrealized —

— ABBVIE INC 2.3%

Value $3.924M Shares 15,594 Est. Cost $111.27 Unrealized —

— DIAMONDBACK ENERGY INC 2.0%

Value $3.484M Shares 19,819 Est. Cost $109.77 Unrealized —

CVX CHEVRON CORP NEW 0.9%

Value $1.544M Shares 9,313 Est. Cost $92.12 Unrealized —

AXP AMERICAN EXPRESS CO 1.9%

Value $3.335M Shares 9,861 Est. Cost $101.75 Unrealized —

— SPDR GOLD SHARES 1.2%

Value $2.089M Shares 5,670 Est. Cost $179.21 Unrealized —

— EOG RES INC 1.3%

Value $2.168M Shares 16,712 Est. Cost $94.29 Unrealized —

— COSTCO WHSL CORP NEW 2.1%

Value $3.581M Shares 3,828 Est. Cost $448.66 Unrealized —

— STATE STREET SPDR S&P 500 ETF 0.9%

Value $1.494M Shares 2,000 Est. Cost $524.31 Unrealized —

— JPMORGAN CHASE & CO 0.8%

Value $1.317M Shares 4,024 Est. Cost $201.30 Unrealized —

MS MORGAN STANLEY 0.3%

Value $517K Shares 2,473 Est. Cost $65.58 Unrealized —

IBM IBM CORP 0.4%

Value $744K Shares 2,645 Est. Cost $113.92 Unrealized —

— MERCK & CO. INC. 0.9%

Value $1.534M Shares 11,940 Est. Cost $70.86 Unrealized —

PSX PHILLIPS 66 0.5%

Value $901K Shares 5,329 Est. Cost $65.67 Unrealized —

JNJ JOHNSON & JOHNSON 1.0%

Value $1.776M Shares 6,994 Est. Cost $71.16 Unrealized —

— ARCHROCK INC 0.2%

Value $407K Shares 10,000 Est. Cost $20.22 Unrealized —

EFX EQUIFAX INC 0.2%

Value $397K Shares 2,500 Est. Cost $69.46 Unrealized —

— CAMECO CORP F 0.4%

Value $649K Shares 6,375 Est. Cost $40.85 Unrealized —

KO THE COCA-COLA CO 0.3%

Value $468K Shares 5,758 Est. Cost $37.96 Unrealized —

— CAPITAL ONE FINL CORP 0.2%

Value $271K Shares 1,349 Est. Cost $212.75 Unrealized —

GD GENERAL DYNAMICS CORP 0.4%

Value $705K Shares 1,990 Est. Cost $232.34 Unrealized —

— ABRDN WORLD HEALTHCARE C 0.1%

Value $167K Shares 12,500 Est. Cost $11.52 Unrealized —

— DUKE ENERGY CORP NEW 0.3%

Value $576K Shares 4,553 Est. Cost $86.86 Unrealized —

— SFL CORP LTD F 0.2%

Value $286K Shares 28,000 Est. Cost $10.79 Unrealized —

— APARTMENT INVT & MGMT CO CLASS 0.0%

Value $39,000 Shares 13,000 Est. Cost $5.92 Unrealized —

AMGN AMGEN INC 0.3%

Value $440K Shares 1,216 Est. Cost $131.34 Unrealized —

— META PLATFORMS INC CLASS A 0.4%

Value $731K Shares 1,297 Est. Cost $489.94 Unrealized —

— RTX CORP 0.3%

Value $548K Shares 2,888 Est. Cost $91.27 Unrealized —

— MASTERCARD INC CLASS CLASS A 0.1%

Value $257K Shares 500 Est. Cost $426.00 Unrealized —

— ENBRIDGE INC F 2.0%

Value $3.398M Shares 62,683 Est. Cost $36.60 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NVIDIA CORP	86,432	$17.29M	10.0%	$135.44	—	—	67066g104
AAPL	APPLE INC	62,437	$18.07M	10.5%	$98.27	—	—	037833100
AMD	ADVANCED MICRO DEVICES I	5,558	$3.229M	1.9%	$68.52	—	—	007903107
—	ALPHABET INC CLASS A	17,952	$6.416M	3.7%	$136.26	—	—	02079k305
LLY	ELI LILLY AND CO	4,264	$5.114M	3.0%	$644.39	—	—	532457108
QCOM	QUALCOMM INC	14,910	$2.755M	1.6%	$79.64	—	—	747525103
TXN	TEXAS INSTRS INC	6,617	$1.972M	1.1%	$84.93	—	—	882508104
MCHP	MICROCHIP TECHNOLOGY INC	22,946	$2.093M	1.2%	$45.25	—	—	595017104
—	ABBVIE INC	15,594	$3.924M	2.3%	$111.27	—	—	00287y109
—	DIAMONDBACK ENERGY INC	19,819	$3.484M	2.0%	$109.77	—	—	25278x109
CVX	CHEVRON CORP NEW	9,313	$1.544M	0.9%	$92.12	—	—	166764100
AXP	AMERICAN EXPRESS CO	9,861	$3.335M	1.9%	$101.75	—	—	025816109
—	SPDR GOLD SHARES	5,670	$2.089M	1.2%	$179.21	—	—	78463v107
—	EOG RES INC	16,712	$2.168M	1.3%	$94.29	—	—	26875p101
—	COSTCO WHSL CORP NEW	3,828	$3.581M	2.1%	$448.66	—	—	22160k105
—	STATE STREET SPDR S&P 500 ETF	2,000	$1.494M	0.9%	$524.31	—	—	78462f103
—	JPMORGAN CHASE & CO	4,024	$1.317M	0.8%	$201.30	—	—	46625h100
MS	MORGAN STANLEY	2,473	$517K	0.3%	$65.58	—	—	617446448
IBM	IBM CORP	2,645	$744K	0.4%	$113.92	—	—	459200101
—	MERCK & CO. INC.	11,940	$1.534M	0.9%	$70.86	—	—	58933y105
PSX	PHILLIPS 66	5,329	$901K	0.5%	$65.67	—	—	718546104
JNJ	JOHNSON & JOHNSON	6,994	$1.776M	1.0%	$71.16	—	—	478160104
—	ARCHROCK INC	10,000	$407K	0.2%	$20.22	—	—	03957w106
EFX	EQUIFAX INC	2,500	$397K	0.2%	$69.46	—	—	294429105
—	CAMECO CORP F	6,375	$649K	0.4%	$40.85	—	—	13321l108
KO	THE COCA-COLA CO	5,758	$468K	0.3%	$37.96	—	—	191216100
—	CAPITAL ONE FINL CORP	1,349	$271K	0.2%	$212.75	—	—	14040h105
GD	GENERAL DYNAMICS CORP	1,990	$705K	0.4%	$232.34	—	—	369550108
—	ABRDN WORLD HEALTHCARE C	12,500	$167K	0.1%	$11.52	—	—	87911l108
—	DUKE ENERGY CORP NEW	4,553	$576K	0.3%	$86.86	—	—	26441c204
—	SFL CORP LTD F	28,000	$286K	0.2%	$10.79	—	—	g7738w106
—	APARTMENT INVT & MGMT CO CLASS	13,000	$39,000	0.0%	$5.92	—	—	03748r747
AMGN	AMGEN INC	1,216	$440K	0.3%	$131.34	—	—	031162100
—	META PLATFORMS INC CLASS A	1,297	$731K	0.4%	$489.94	—	—	30303m102
—	RTX CORP	2,888	$548K	0.3%	$91.27	—	—	75513e101
—	MASTERCARD INC CLASS CLASS A	500	$257K	0.1%	$426.00	—	—	57636q104
—	ENBRIDGE INC F	62,683	$3.398M	2.0%	$36.60	—	—	29250n105