Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AJG	Arthur J. Gallagher & Co.	149,765	$34.38M	4.5%	$229.57	—	COM	363576109
HON	Honeywell International Inc.	15,215	$3.407M	0.4%	$223.89	—	COM	438516205
HONA	Honeywell Aerospace Inc.	15,215	$3.364M	0.4%	$221.07	—	COM	43849R105
VEA	Vanguard FTSE Developed Markets ETF	500	$35,625	0.0%	$71.25	—	COM	921943858
VWO	Vanguard FTSE Emerging Markets ETF	425	$25,368	0.0%	$59.69	—	COM	922042858

Exited Positions (3)

HON Honeywell International Inc. 0.9%

Value $6.888M Shares 30,474 Est. Cost $185.14 Unrealized —

EEM IShares MSCI Emerging Markets ETF 0.1%

Value $852K Shares 15,000 Est. Cost $56.79 Unrealized —

EIX Edison International 0.0%

Value $166K Shares 2,269 Est. Cost $54.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	Honeywell International Inc.	30,474	$6.888M	0.9%	$185.14	—	—	438516106
EEM	IShares MSCI Emerging Markets ETF	15,000	$852K	0.1%	$56.79	—	—	464287234
EIX	Edison International	2,269	$166K	0.0%	$54.83	—	—	281020107

Decreased Positions (20)

TXN Texas Instruments Inc. 4.0%

Value $30.79M (+47.5%) Shares 103,296 (-3.9%) Est. Cost $161.83 Unrealized —

GOOG Alphabet Inc., Class C 7.4%

Value $56.51M (+19.2%) Shares 159,935 (-3.2%) Est. Cost $107.01 Unrealized —

C Citigroup Inc. 6.8%

Value $51.87M (+19.3%) Shares 370,573 (-3.3%) Est. Cost $39.15 Unrealized —

KMX CarMax Inc. 3.2%

Value $24.29M (+25.7%) Shares 459,315 (-1.2%) Est. Cost $55.16 Unrealized —

EFA IShares MSCI EAFE ETF 0.0%

Value $77,910 (-98.4%) Shares 750 (-98.5%) Est. Cost $82.44 Unrealized —

MS Morgan Stanley 3.2%

Value $24.46M (+24.1%) Shares 117,027 (-2.3%) Est. Cost $85.77 Unrealized —

JPM JPMorgan Chase & Co. 7.7%

Value $59.04M (+7.7%) Shares 180,374 (-3.2%) Est. Cost $42.36 Unrealized —

GILD Gilead Sciences Inc. 4.1%

Value $31.71M (-10.7%) Shares 251,016 (-1.5%) Est. Cost $54.50 Unrealized —

GLW Corning Inc. 0.5%

Value $3.506M (-44.3%) Shares 13,725 (-70.4%) Est. Cost $32.33 Unrealized —

ROST Ross Stores Inc. 6.5%

Value $50.18M (-4.7%) Shares 235,752 (-3.0%) Est. Cost $87.67 Unrealized —

V Visa Inc. 2.7%

Value $20.72M (+10.0%) Shares 60,393 (-3.1%) Est. Cost $274.49 Unrealized —

META Meta Platforms Inc. 4.6%

Value $35.46M (-4.3%) Shares 62,960 (-2.8%) Est. Cost $180.74 Unrealized —

DG Dollar General Corporation 4.2%

Value $31.95M (-4.5%) Shares 277,540 (-1.5%) Est. Cost $86.59 Unrealized —

AEP American Electric Power Company Inc. 6.9%

Value $53.09M (+2.9%) Shares 388,079 (-1.4%) Est. Cost $72.92 Unrealized —

UPS United Parcel Service Inc. 3.0%

Value $22.92M (+5.1%) Shares 213,211 (-3.8%) Est. Cost $91.09 Unrealized —

FERG Ferguson Enterprises Inc. 3.0%

Value $22.99M (-1.5%) Shares 96,871 (-3.2%) Est. Cost $172.04 Unrealized —

TMO Thermo Fisher Scientific Inc. 4.3%

Value $33.24M (+1.0%) Shares 66,292 (-1.0%) Est. Cost $422.37 Unrealized —

LLY Eli Lilly And Company 0.1%

Value $922K (+25.5%) Shares 769 (-3.8%) Est. Cost $345.79 Unrealized —

CSCO Cisco Systems Inc. 6.4%

Value $49M (+0.3%) Shares 417,202 (-33.8%) Est. Cost $25.65 Unrealized —

PRAA PRA Group Inc. 0.0%

Value $119K (+5.5%) Shares 6,270 (-2.8%) Est. Cost $37.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TXN	Texas Instruments Inc.	103,296 (-3.9%)	$30.79M (+47.5%)	4.0%	$161.83	—	COM	882508104
GOOG	Alphabet Inc., Class C	159,935 (-3.2%)	$56.51M (+19.2%)	7.4%	$107.01	—	COM	02079K107
C	Citigroup Inc.	370,573 (-3.3%)	$51.87M (+19.3%)	6.8%	$39.15	—	COM	172967424
KMX	CarMax Inc.	459,315 (-1.2%)	$24.29M (+25.7%)	3.2%	$55.16	—	COM	143130102
EFA	IShares MSCI EAFE ETF	750 (-98.5%)	$77,910 (-98.4%)	0.0%	$82.44	—	COM	464287465
MS	Morgan Stanley	117,027 (-2.3%)	$24.46M (+24.1%)	3.2%	$85.77	—	COM	617446448
JPM	JPMorgan Chase & Co.	180,374 (-3.2%)	$59.04M (+7.7%)	7.7%	$42.36	—	COM	46625H100
GILD	Gilead Sciences Inc.	251,016 (-1.5%)	$31.71M (-10.7%)	4.1%	$54.50	—	COM	375558103
GLW	Corning Inc.	13,725 (-70.4%)	$3.506M (-44.3%)	0.5%	$32.33	—	COM	219350105
ROST	Ross Stores Inc.	235,752 (-3.0%)	$50.18M (-4.7%)	6.5%	$87.67	—	COM	778296103
V	Visa Inc.	60,393 (-3.1%)	$20.72M (+10.0%)	2.7%	$274.49	—	COM	92826C839
META	Meta Platforms Inc.	62,960 (-2.8%)	$35.46M (-4.3%)	4.6%	$180.74	—	COM	30303M102
DG	Dollar General Corporation	277,540 (-1.5%)	$31.95M (-4.5%)	4.2%	$86.59	—	COM	256677105
AEP	American Electric Power Company Inc.	388,079 (-1.4%)	$53.09M (+2.9%)	6.9%	$72.92	—	COM	025537101
UPS	United Parcel Service Inc.	213,211 (-3.8%)	$22.92M (+5.1%)	3.0%	$91.09	—	COM	911312106
FERG	Ferguson Enterprises Inc.	96,871 (-3.2%)	$22.99M (-1.5%)	3.0%	$172.04	—	COM	31488V107
TMO	Thermo Fisher Scientific Inc.	66,292 (-1.0%)	$33.24M (+1.0%)	4.3%	$422.37	—	COM	883556102
LLY	Eli Lilly And Company	769 (-3.8%)	$922K (+25.5%)	0.1%	$345.79	—	COM	532457108
CSCO	Cisco Systems Inc.	417,202 (-33.8%)	$49M (+0.3%)	6.4%	$25.65	—	COM	17275R102
PRAA	PRA Group Inc.	6,270 (-2.8%)	$119K (+5.5%)	0.0%	$37.92	—	COM	69354N106

Unchanged Positions (47)

PFE Pfizer Inc. 3.2%

Value $24.65M Shares 1,023,770 Est. Cost $20.77 Unrealized —

EOG EOG Resources Inc. 3.5%

Value $26.97M Shares 207,873 Est. Cost $107.00 Unrealized —

MDT Medtronic PLC 3.1%

Value $23.75M Shares 303,568 Est. Cost $88.33 Unrealized —

KR The Kroger Co. 0.3%

Value $2.444M Shares 44,010 Est. Cost $45.75 Unrealized —

UNP Union Pacific Corporation 0.4%

Value $3.184M Shares 11,706 Est. Cost $195.87 Unrealized —

GOOGL Alphabet Inc. 0.2%

Value $1.558M Shares 4,360 Est. Cost $106.42 Unrealized —

CVX Chevron Corporation 0.1%

Value $1.059M Shares 6,386 Est. Cost $93.38 Unrealized —

XOM Exxon Mobil Corporation 0.1%

Value $792K Shares 5,794 Est. Cost $71.65 Unrealized —

MSFT Microsoft Corporation 3.7%

Value $28.43M Shares 76,222 Est. Cost $46.64 Unrealized —

T AT&T Inc. 0.0%

Value $356K Shares 17,210 Est. Cost $16.57 Unrealized —

VZ Verizon Communications 0.1%

Value $640K Shares 15,110 Est. Cost $40.75 Unrealized —

ABBV AbbVie Inc. 0.1%

Value $870K Shares 3,456 Est. Cost $137.22 Unrealized —

CSX CSX Corporation 0.1%

Value $753K Shares 15,840 Est. Cost $28.73 Unrealized —

TROW T Rowe Price Group 0.1%

Value $425K Shares 3,740 Est. Cost $47.69 Unrealized —

JNJ Johnson & Johnson 0.3%

Value $2.129M Shares 8,381 Est. Cost $113.47 Unrealized —

BAC Bank Of America Corp 0.0%

Value $305K Shares 5,350 Est. Cost $32.80 Unrealized —

MRK Merck & Co., Inc. 0.1%

Value $480K Shares 3,735 Est. Cost $92.00 Unrealized —

BIIB Biogen Inc. 0.0%

Value $199K Shares 920 Est. Cost $142.96 Unrealized —

ABT Abbott Laboratories 0.0%

Value $226K Shares 2,490 Est. Cost $97.62 Unrealized —

KMB Kimberly-Clark Corporation 0.0%

Value $234K Shares 2,134 Est. Cost $96.83 Unrealized —

EXC Exelon Corporation 0.1%

Value $527K Shares 11,307 Est. Cost $28.36 Unrealized —

AUGO Aura Minerals Inc. 0.0%

Value $50,045 Shares 795 Est. Cost $65.61 Unrealized —

SLV IShares Silver Trust 0.0%

Value $40,103 Shares 750 Est. Cost $43.84 Unrealized —

NEM Newmont Corporation 0.0%

Value $60,710 Shares 650 Est. Cost $43.26 Unrealized —

FNV Franco-Nevada Corporation 0.0%

Value $52,110 Shares 250 Est. Cost $143.39 Unrealized —

B Barrick Mining Corp. 0.0%

Value $84,479 Shares 2,300 Est. Cost $20.94 Unrealized —

GDXJ Vaneck Junior Gold Miners ETF 0.0%

Value $34,388 Shares 350 Est. Cost $84.67 Unrealized —

DHR Danaher Corporation 0.2%

Value $1.401M Shares 7,355 Est. Cost $26.26 Unrealized —

CL Colgate - Palmolive Company 0.0%

Value $88,563 Shares 966 Est. Cost $87.83 Unrealized —

WMT Walmart Inc. 0.0%

Value $62,859 Shares 555 Est. Cost $93.91 Unrealized —

COST Costco Wholesale Corporation 0.0%

Value $93,547 Shares 100 Est. Cost $979.20 Unrealized —

AXP American Express 0.0%

Value $42,281 Shares 125 Est. Cost $292.46 Unrealized —

BHC Bausch Health Companies Inc. 0.0%

Value $41,905 Shares 8,500 Est. Cost $22.90 Unrealized —

PG Procter & Gamble Co 0.0%

Value $264K Shares 1,800 Est. Cost $129.79 Unrealized —

FSV FirstService Corporation 0.0%

Value $142K Shares 1,000 Est. Cost $86.95 Unrealized —

BMY Bristol-Myers Squibb Company 0.0%

Value $54,912 Shares 953 Est. Cost $55.48 Unrealized —

MA Mastercard Inc. 0.0%

Value $100K Shares 195 Est. Cost $542.01 Unrealized —

AAPL Apple Inc. 0.0%

Value $17,362 Shares 60 Est. Cost $208.18 Unrealized —

WAT Waters Corporation 0.0%

Value $7,501 Shares 20 Est. Cost $367.10 Unrealized —

BRK/B Berkshire Hathaway Class B 0.0%

Value $30,524 Shares 61 Est. Cost $499.89 Unrealized —

BDX Becton Dickinson & Co 0.0%

Value $22,700 Shares 150 Est. Cost $227.37 Unrealized —

NVS Novartis AG-ADR 0.0%

Value $34,478 Shares 220 Est. Cost $160.35 Unrealized —

— Abrdn Healthcare Investors 0.0%

Value $2,220 Shares 101 Est. Cost $17.79 Unrealized —

ORCL Oracle Corporation 0.0%

Value $58,620 Shares 400 Est. Cost $161.57 Unrealized —

VLTO Veralto Corporation 0.0%

Value $47,355 Shares 534 Est. Cost $99.37 Unrealized —

— Abrdn Life Sciences Investors 0.0%

Value $640 Shares 32 Est. Cost $16.28 Unrealized —

— CB144A Appvion Esc Npv 0.0%

Value $1,513 Shares 1 Est. Cost $2177.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PFE	Pfizer Inc.	1,023,770	$24.65M	3.2%	$20.77	—	COM	717081103
EOG	EOG Resources Inc.	207,873	$26.97M	3.5%	$107.00	—	COM	26875P101
MDT	Medtronic PLC	303,568	$23.75M	3.1%	$88.33	—	COM	G5960L103
KR	The Kroger Co.	44,010	$2.444M	0.3%	$45.75	—	COM	501044101
UNP	Union Pacific Corporation	11,706	$3.184M	0.4%	$195.87	—	COM	907818108
GOOGL	Alphabet Inc.	4,360	$1.558M	0.2%	$106.42	—	COM	02079K305
CVX	Chevron Corporation	6,386	$1.059M	0.1%	$93.38	—	COM	166764100
XOM	Exxon Mobil Corporation	5,794	$792K	0.1%	$71.65	—	COM	30231G102
MSFT	Microsoft Corporation	76,222	$28.43M	3.7%	$46.64	—	COM	594918104
T	AT&T Inc.	17,210	$356K	0.0%	$16.57	—	COM	00206R102
VZ	Verizon Communications	15,110	$640K	0.1%	$40.75	—	COM	92343V104
ABBV	AbbVie Inc.	3,456	$870K	0.1%	$137.22	—	COM	00287Y109
CSX	CSX Corporation	15,840	$753K	0.1%	$28.73	—	COM	126408103
TROW	T Rowe Price Group	3,740	$425K	0.1%	$47.69	—	COM	74144T108
JNJ	Johnson & Johnson	8,381	$2.129M	0.3%	$113.47	—	COM	478160104
BAC	Bank Of America Corp	5,350	$305K	0.0%	$32.80	—	COM	060505104
MRK	Merck & Co., Inc.	3,735	$480K	0.1%	$92.00	—	COM	58933Y105
BIIB	Biogen Inc.	920	$199K	0.0%	$142.96	—	COM	09062X103
ABT	Abbott Laboratories	2,490	$226K	0.0%	$97.62	—	COM	002824100
KMB	Kimberly-Clark Corporation	2,134	$234K	0.0%	$96.83	—	COM	494368103
EXC	Exelon Corporation	11,307	$527K	0.1%	$28.36	—	COM	30161N101
AUGO	Aura Minerals Inc.	795	$50,045	0.0%	$65.61	—	COM	G06973112
SLV	IShares Silver Trust	750	$40,103	0.0%	$43.84	—	COM	46428Q109
NEM	Newmont Corporation	650	$60,710	0.0%	$43.26	—	COM	651639106
FNV	Franco-Nevada Corporation	250	$52,110	0.0%	$143.39	—	COM	351858105
B	Barrick Mining Corp.	2,300	$84,479	0.0%	$20.94	—	COM	06849F108
GDXJ	Vaneck Junior Gold Miners ETF	350	$34,388	0.0%	$84.67	—	COM	92189F791
DHR	Danaher Corporation	7,355	$1.401M	0.2%	$26.26	—	COM	235851102
CL	Colgate - Palmolive Company	966	$88,563	0.0%	$87.83	—	COM	194162103
WMT	Walmart Inc.	555	$62,859	0.0%	$93.91	—	COM	931142103
COST	Costco Wholesale Corporation	100	$93,547	0.0%	$979.20	—	COM	22160K105
AXP	American Express	125	$42,281	0.0%	$292.46	—	COM	025816109
BHC	Bausch Health Companies Inc.	8,500	$41,905	0.0%	$22.90	—	COM	071734107
PG	Procter & Gamble Co	1,800	$264K	0.0%	$129.79	—	COM	742718109
FSV	FirstService Corporation	1,000	$142K	0.0%	$86.95	—	COM	33767E202
BMY	Bristol-Myers Squibb Company	953	$54,912	0.0%	$55.48	—	COM	110122108
MA	Mastercard Inc.	195	$100K	0.0%	$542.01	—	COM	57636Q104
AAPL	Apple Inc.	60	$17,362	0.0%	$208.18	—	COM	037833100
WAT	Waters Corporation	20	$7,501	0.0%	$367.10	—	COM	941848103
BRK/B	Berkshire Hathaway Class B	61	$30,524	0.0%	$499.89	—	COM	084670702
BDX	Becton Dickinson & Co	150	$22,700	0.0%	$227.37	—	COM	075887109
NVS	Novartis AG-ADR	220	$34,478	0.0%	$160.35	—	COM	66987V109
—	Abrdn Healthcare Investors	101	$2,220	0.0%	$17.79	—	COM	87911J103
ORCL	Oracle Corporation	400	$58,620	0.0%	$161.57	—	COM	68389X105
VLTO	Veralto Corporation	534	$47,355	0.0%	$99.37	—	COM	92338C103
—	Abrdn Life Sciences Investors	32	$640	0.0%	$16.28	—	COM	87911K100
—	CB144A Appvion Esc Npv	1	$1,513	0.0%	$2177.00	—	COM	038ESC026