Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CASY	Casey's General Stores	31,574 (+3.2%)	$19.2M (-21.0%)	2.3%	$608.00	$479.21	+27.0%	CASY	147528103
ISRG	Intuitive Surgical	50,656 (+24.5%)	$20.62M (+27.3%)	2.4%	$407.00	$370.32	+9.8%	ISRG	46120E602
MSFT	Microsoft Corp	25,246 (+8.8%)	$12.95M (+49.6%)	1.5%	$512.99	$250.58	+104.7%	MSFT	594918104
SYK	Stryker Corp	97,024 (+3.0%)	$26.68M (-10.1%)	3.1%	$275.00	$107.82	+155.4%	SYK	863667101
ABT	Abbott Laboratories	255,076 (+1.1%)	$25.25M (+9.9%)	3.0%	$99.00	$49.30	+100.5%	ABT	002824100
NFLX	Netflix Inc	87,742 (+46.4%)	$6.142M (+44.4%)	0.7%	$70.00	$85.38	-18.5%	NFLX	64110L106
LLY	Lilly (Eli)	13,895 (+14.9%)	$16.08M (+10.9%)	1.9%	$1157.03	$920.99	+25.6%	LLY	532457108
AMZN	Amazon.com Inc	104,069 (+1.6%)	$25.91M (+6.3%)	3.1%	$249.00	$147.90	+68.5%	AMZN	023135106
BROS	Dutch Bros Inc	143,933 (+134.0%)	$5.613M (+26.7%)	0.7%	$39.00	$55.35	-30.3%	BROS	26701L100
AXP	American Express	26,777 (+29.5%)	$8.14M (+16.5%)	1.0%	$303.99	$324.27	-6.2%	AXP	025816109
ETN	Eaton Corp PLC	27,024 (+9.4%)	$11.62M (+10.5%)	1.4%	$429.99	$296.19	+45.1%	ETN	G29183103
REGN	Regeneron Pharmaceuticals	4,757 (+16.4%)	$3.606M (+41.4%)	0.4%	$758.04	$653.72	+16.0%	REGN	75886F107
—	NextEra Energy Inc	90,690 (+4.3%)	$6.892M (-9.9%)	0.8%	$76.00	$92.07	—	NEE	65339f101
MNST	Monster Beverage Corp	123,367 (+99.7%)	$5.181M (-12.6%)	0.6%	$42.00	$62.76	-33.7%	MNST	61174X109
APD	Air Products & Chemicals	57,616 (+1.4%)	$16.02M (-3.8%)	1.9%	$278.00	$107.74	+158.2%	APD	009158106
TSM	Taiwan Semiconductor Mfg ADR	2,335 (+54.5%)	$1.065M (+47.5%)	0.1%	$456.10	$360.68	+26.5%	TSM	874039100
COST	Costco Wholesale Corp	15,269 (+5.3%)	$13.89M (+2.5%)	1.6%	$910.01	$744.48	+22.3%	COST	22160K105
ASML	ASML Holding NV	1,778 (+3.1%)	$3.222M (-6.0%)	0.4%	$1812.15	$825.02	+119.6%	ASML	N07059210
AZN	AstraZeneca PLC	16,663 (+9.9%)	$2.683M (-6.9%)	0.3%	$161.02	$186.20	-14.0%	AZN	G0593M107
GEV	GE Vernova Inc	636 (+10.8%)	$604K (-10.4%)	0.1%	$949.69	$861.98	+10.3%	GEV	36828A101
ECL	Ecolab Inc	60,152 (+1.1%)	$16.54M (-0.4%)	1.9%	$275.00	$137.48	+99.7%	ECL	278865100
ENB	Enbridge Inc	5,487 (+2.8%)	$252K (-12.5%)	0.0%	$45.93	$36.82	+26.3%	ENB	29250N105
AMD	Advanced Micro Devices	445 (+2.3%)	$272K (+7.5%)	0.0%	$611.24	$412.34	+48.4%	AMD	007903107
LIN	Linde PLC	580 (+7.2%)	$276K (-1.8%)	0.0%	$475.86	$453.97	+4.6%	LIN	G54950103
ROK	Rockwell Automation Inc	1,542 (+14.0%)	$671K (+0.1%)	0.1%	$435.15	$321.20	+35.5%	ROK	773903109
HONA	Honeywell Aerospace Inc	4,669 (+42.5%)	$724K (0.0%)	0.1%	$155.07	$222.80	-30.4%	HONA	43849R105

Exited Positions (3)

TSLA Tesla Motors Inc 0.0%

Value $366K Shares 870 Share Price $420.69 * Est. Cost/Share $331.19 Unrealized @ Report Date +7.1%

CAT Caterpillar 0.0%

Value $262K Shares 246 Share Price $1065.04 * Est. Cost/Share $878.47 Unrealized @ Report Date -7.7%

— GE Aerospace 0.0%

Value $211K Shares 564 Share Price $374.11 Est. Cost/Share $374.11 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TSLA	Tesla Motors Inc	870	$366K	0.0%	$420.69 *	$331.19	+7.1%	—	88160R101
CAT	Caterpillar	246	$262K	0.0%	$1065.04 *	$878.47	-7.7%	—	149123101
—	GE Aerospace	564	$211K	0.0%	$374.11	$374.11	—	—	369604103

Decreased Positions (26)

NVDA NVIDIA Corp 22.2%

Value $188M (+10.8%) Shares 824,696 (-2.8%) Share Price $228.00 Est. Cost/Share $92.10 Unrealized @ Report Date +148.0%

AAPL Apple Inc 9.7%

Value $82.73M (+14.0%) Shares 248,438 (-1.1%) Share Price $333.00 Est. Cost/Share $83.04 Unrealized @ Report Date +301.0%

LOW Lowe's Companies Inc 1.2%

Value $10.09M (-33.9%) Shares 54,841 (-21.0%) Share Price $184.00 Est. Cost/Share $46.15 Unrealized @ Report Date +299.4%

CMG Chipotle Mexican Grill 0.2%

Value $1.326M (-72.2%) Shares 41,447 (-70.5%) Share Price $31.99 Est. Cost/Share $58.52 Unrealized @ Report Date -45.4%

ORLY O'Reilly Automotive Inc 1.8%

Value $15.67M (-10.2%) Shares 184,342 (-2.8%) Share Price $85.00 Est. Cost/Share $86.55 Unrealized @ Report Date -1.3%

SBUX Starbucks Corp 0.6%

Value $4.929M (-22.9%) Shares 52,437 (-16.3%) Share Price $94.00 Est. Cost/Share $47.13 Unrealized @ Report Date +99.4%

NVO Novo-Nordisk A-S ADR 0.2%

Value $1.323M (-52.3%) Shares 34,810 (-39.8%) Share Price $38.01 Est. Cost/Share $29.54 Unrealized @ Report Date +28.3%

HD Home Depot 0.3%

Value $2.516M (-28.4%) Shares 8,860 (-11.0%) Share Price $283.97 Est. Cost/Share $72.61 Unrealized @ Report Date +291.8%

PAYC Paycom Software 0.5%

Value $4.442M (+27.0%) Shares 20,376 (-26.6%) Share Price $218.00 Est. Cost/Share $163.50 Unrealized @ Report Date +33.1%

GOOG Alphabet Inc CL C 2.3%

Value $19.38M (-4.6%) Shares 56,844 (-1.2%) Share Price $341.00 Est. Cost/Share $107.05 Unrealized @ Report Date +218.3%

CELH Celsius Holdings Inc 0.1%

Value $809K (-39.4%) Shares 29,959 (-35.0%) Share Price $27.00 Est. Cost/Share $50.13 Unrealized @ Report Date -45.4%

PEP PepsiCo Inc 0.3%

Value $2.437M (-13.1%) Shares 19,188 (-7.6%) Share Price $127.01 Est. Cost/Share $59.61 Unrealized @ Report Date +112.6%

WMT Wal-Mart Stores 0.2%

Value $1.555M (-12.8%) Shares 14,955 (-5.2%) Share Price $103.98 Est. Cost/Share $45.14 Unrealized @ Report Date +130.2%

SYY Sysco Corp 0.1%

Value $821K (-18.6%) Shares 10,530 (-12.4%) Share Price $77.97 Est. Cost/Share $24.88 Unrealized @ Report Date +213.3%

PAYX Paychex Inc 0.2%

Value $1.829M (-8.3%) Shares 18,668 (-8.3%) Share Price $97.98 Est. Cost/Share $26.31 Unrealized @ Report Date +274.4%

JNJ Johnson & Johnson 0.7%

Value $6.004M (+2.8%) Shares 22,657 (-1.5%) Share Price $265.00 Est. Cost/Share $59.66 Unrealized @ Report Date +343.8%

QCOM QUALCOMM Inc 0.1%

Value $871K (-14.4%) Shares 4,736 (-13.8%) Share Price $183.91 Est. Cost/Share $47.08 Unrealized @ Report Date +290.9%

HON Honeywell Int'l 0.1%

Value $590K (-19.6%) Shares 2,797 (-14.6%) Share Price $210.94 Est. Cost/Share $223.99 Unrealized @ Report Date —

CRM Salesforce.com 0.2%

Value $1.716M (-7.2%) Shares 7,459 (-36.7%) Share Price $230.06 Est. Cost/Share $200.12 Unrealized @ Report Date +14.7%

CNI Canadian Nat'l Railway 1.0%

Value $8.595M (-1.1%) Shares 72,230 (-1.1%) Share Price $118.99 Est. Cost/Share $49.21 Unrealized @ Report Date +141.6%

CSCO Cisco Systems 0.1%

Value $564K (-10.9%) Shares 5,225 (-3.5%) Share Price $107.94 Est. Cost/Share $21.69 Unrealized @ Report Date +396.3%

PG Procter & Gamble 0.3%

Value $2.283M (-2.9%) Shares 15,747 (-1.6%) Share Price $144.98 Est. Cost/Share $58.59 Unrealized @ Report Date +147.9%

DHR Danaher Corporation 1.2%

Value $10.47M (+0.3%) Shares 47,169 (-14.2%) Share Price $222.01 Est. Cost/Share $87.59 Unrealized @ Report Date +152.9%

EMR Emerson Electric 0.1%

Value $505K (+5.9%) Shares 3,259 (-2.3%) Share Price $154.96 Est. Cost/Share $54.70 Unrealized @ Report Date +183.6%

MDLZ Mondelez Int'l 0.0%

Value $298K (-2.0%) Shares 5,142 (-1.9%) Share Price $57.95 Est. Cost/Share $42.12 Unrealized @ Report Date +37.3%

KO Coca-Cola Co 0.0%

Value $303K (+0.3%) Shares 3,528 (-5.4%) Share Price $85.88 Est. Cost/Share $39.62 Unrealized @ Report Date +117.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA Corp	824,696 (-2.8%)	$188M (+10.8%)	22.2%	$228.00	$92.10	+148.0%	NVDA	67066G104
AAPL	Apple Inc	248,438 (-1.1%)	$82.73M (+14.0%)	9.7%	$333.00	$83.04	+301.0%	AAPL	037833100
LOW	Lowe's Companies Inc	54,841 (-21.0%)	$10.09M (-33.9%)	1.2%	$184.00	$46.15	+299.4%	LOW	548661107
CMG	Chipotle Mexican Grill	41,447 (-70.5%)	$1.326M (-72.2%)	0.2%	$31.99	$58.52	-45.4%	CMG	169656105
ORLY	O'Reilly Automotive Inc	184,342 (-2.8%)	$15.67M (-10.2%)	1.8%	$85.00	$86.55	-1.3%	ORLY	67103H107
SBUX	Starbucks Corp	52,437 (-16.3%)	$4.929M (-22.9%)	0.6%	$94.00	$47.13	+99.4%	SBUX	855244109
NVO	Novo-Nordisk A-S ADR	34,810 (-39.8%)	$1.323M (-52.3%)	0.2%	$38.01	$29.54	+28.3%	NVO	670100205
HD	Home Depot	8,860 (-11.0%)	$2.516M (-28.4%)	0.3%	$283.97	$72.61	+291.8%	HD	437076102
PAYC	Paycom Software	20,376 (-26.6%)	$4.442M (+27.0%)	0.5%	$218.00	$163.50	+33.1%	PAYC	70432V102
GOOG	Alphabet Inc CL C	56,844 (-1.2%)	$19.38M (-4.6%)	2.3%	$341.00	$107.05	+218.3%	GOOG	02079K107
CELH	Celsius Holdings Inc	29,959 (-35.0%)	$809K (-39.4%)	0.1%	$27.00	$50.13	-45.4%	CELH	15118V207
PEP	PepsiCo Inc	19,188 (-7.6%)	$2.437M (-13.1%)	0.3%	$127.01	$59.61	+112.6%	PEP	713448108
WMT	Wal-Mart Stores	14,955 (-5.2%)	$1.555M (-12.8%)	0.2%	$103.98	$45.14	+130.2%	WMT	931142103
SYY	Sysco Corp	10,530 (-12.4%)	$821K (-18.6%)	0.1%	$77.97	$24.88	+213.3%	SYY	871829107
PAYX	Paychex Inc	18,668 (-8.3%)	$1.829M (-8.3%)	0.2%	$97.98	$26.31	+274.4%	PAYX	704326107
JNJ	Johnson & Johnson	22,657 (-1.5%)	$6.004M (+2.8%)	0.7%	$265.00	$59.66	+343.8%	JNJ	478160104
QCOM	QUALCOMM Inc	4,736 (-13.8%)	$871K (-14.4%)	0.1%	$183.91	$47.08	+290.9%	QCOM	747525103
HON	Honeywell Int'l	2,797 (-14.6%)	$590K (-19.6%)	0.1%	$210.94	$223.99	—	HON	438516205
CRM	Salesforce.com	7,459 (-36.7%)	$1.716M (-7.2%)	0.2%	$230.06	$200.12	+14.7%	CRM	79466L302
CNI	Canadian Nat'l Railway	72,230 (-1.1%)	$8.595M (-1.1%)	1.0%	$118.99	$49.21	+141.6%	CNI	136375102
CSCO	Cisco Systems	5,225 (-3.5%)	$564K (-10.9%)	0.1%	$107.94	$21.69	+396.3%	CSCO	17275R102
PG	Procter & Gamble	15,747 (-1.6%)	$2.283M (-2.9%)	0.3%	$144.98	$58.59	+147.9%	PG	742718109
DHR	Danaher Corporation	47,169 (-14.2%)	$10.47M (+0.3%)	1.2%	$222.01	$87.59	+152.9%	DHR	235851102
EMR	Emerson Electric	3,259 (-2.3%)	$505K (+5.9%)	0.1%	$154.96	$54.70	+183.6%	EMR	291011104
MDLZ	Mondelez Int'l	5,142 (-1.9%)	$298K (-2.0%)	0.0%	$57.95	$42.12	+37.3%	MDLZ	609207105
KO	Coca-Cola Co	3,528 (-5.4%)	$303K (+0.3%)	0.0%	$85.88	$39.62	+117.3%	KO	191216100

Unchanged Positions (25)

PANW Palo Alto Networks 5.9%

Value $50.44M Shares 127,062 Share Price $397.00 Est. Cost/Share $155.79 Unrealized @ Report Date +155.0%

GOOGL Alphabet Inc CL A 7.8%

Value $66.01M Shares 191,889 Share Price $344.00 Est. Cost/Share $107.08 Unrealized @ Report Date +221.3%

ADP Automatic Data Proc 2.3%

Value $19.27M Shares 74,710 Share Price $258.00 Est. Cost/Share $65.25 Unrealized @ Report Date +295.5%

META Meta Platforms Inc 1.0%

Value $8.76M Shares 12,083 Share Price $724.99 Est. Cost/Share $184.97 Unrealized @ Report Date +292.1%

V VISA Inc 5.0%

Value $42.24M Shares 117,662 Share Price $359.00 Est. Cost/Share $65.92 Unrealized @ Report Date +445.1%

GNRC Generac Holdings Inc 0.1%

Value $1.154M Shares 5,576 Share Price $206.96 Est. Cost/Share $185.57 Unrealized @ Report Date +11.5%

MCD McDonald's Corp 0.2%

Value $2.079M Shares 9,001 Share Price $230.97 Est. Cost/Share $71.84 Unrealized @ Report Date +221.5%

NSC Norfolk Southern Corp 1.8%

Value $15.25M Shares 49,341 Share Price $308.99 Est. Cost/Share $96.62 Unrealized @ Report Date +219.8%

RTX RTX Corp 0.9%

Value $7.548M Shares 40,578 Share Price $186.01 Est. Cost/Share $67.92 Unrealized @ Report Date +173.4%

CL Colgate-Palmolive 0.2%

Value $1.908M Shares 22,450 Share Price $84.99 Est. Cost/Share $44.38 Unrealized @ Report Date +92.2%

AMGN Amgen Inc 0.1%

Value $1.047M Shares 2,481 Share Price $422.01 Est. Cost/Share $88.88 Unrealized @ Report Date +374.2%

PLTR Palantir Technologies Inc 0.0%

Value $320K Shares 1,710 Share Price $187.13 Est. Cost/Share $136.41 Unrealized @ Report Date +37.1%

— AbbVie Inc 0.2%

Value $1.849M Shares 7,056 Share Price $262.05 Est. Cost/Share $216.97 Unrealized @ Report Date —

JPM JPMorgan Chase & Co 0.6%

Value $5.156M Shares 15,578 Share Price $330.98 Est. Cost/Share $86.41 Unrealized @ Report Date +282.9%

UNH UnitedHealth Group Inc 0.0%

Value $406K Shares 1,107 Share Price $366.76 Est. Cost/Share $226.92 Unrealized @ Report Date +61.8%

HSY Hershey Company 0.0%

Value $332K Shares 2,104 Share Price $157.79 Est. Cost/Share $193.08 Unrealized @ Report Date -18.4%

DIS Disney Walt Co 0.0%

Value $355K Shares 3,377 Share Price $105.12 Est. Cost/Share $95.61 Unrealized @ Report Date +9.7%

NVS Novartis AG ADS 0.0%

Value $290K Shares 2,031 Share Price $142.79 Est. Cost/Share $66.59 Unrealized @ Report Date +114.1%

AFL AFLAC Inc 0.0%

Value $370K Shares 3,300 Share Price $112.12 Est. Cost/Share $65.19 Unrealized @ Report Date +71.5%

COF Capital One Fin'l 0.0%

Value $290K Shares 1,500 Share Price $193.33 Est. Cost/Share $131.88 Unrealized @ Report Date +46.4%

USB U S Bancorp 0.0%

Value $299K Shares 5,150 Share Price $58.06 Est. Cost/Share $38.64 Unrealized @ Report Date +49.5%

MRSH Marsh & McLennan 0.0%

Value $308K Shares 1,800 Share Price $171.11 Est. Cost/Share $136.74 Unrealized @ Report Date +24.9%

ADI Analog Devices 0.2%

Value $1.882M Shares 4,740 Share Price $397.05 Est. Cost/Share $191.77 Unrealized @ Report Date +106.9%

BRK/B Berkshire Hathaway Cl B 0.0%

Value $280K Shares 562 Share Price $498.22 Est. Cost/Share $449.31 Unrealized @ Report Date +10.8%

IBRX ImmunityBio Inc 0.0%

Value $214K Shares 23,800 Share Price $8.99 * Est. Cost/Share $2.69 Unrealized @ Report Date +251.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PANW	Palo Alto Networks	127,062	$50.44M	5.9%	$397.00	$155.79	+155.0%	PANW	697435105
GOOGL	Alphabet Inc CL A	191,889	$66.01M	7.8%	$344.00	$107.08	+221.3%	GOOGL	02079K305
ADP	Automatic Data Proc	74,710	$19.27M	2.3%	$258.00	$65.25	+295.5%	ADP	053015103
META	Meta Platforms Inc	12,083	$8.76M	1.0%	$724.99	$184.97	+292.1%	META	30303M102
V	VISA Inc	117,662	$42.24M	5.0%	$359.00	$65.92	+445.1%	V	92826C839
GNRC	Generac Holdings Inc	5,576	$1.154M	0.1%	$206.96	$185.57	+11.5%	GNRC	368736104
MCD	McDonald's Corp	9,001	$2.079M	0.2%	$230.97	$71.84	+221.5%	MCD	580135101
NSC	Norfolk Southern Corp	49,341	$15.25M	1.8%	$308.99	$96.62	+219.8%	NSC	655844108
RTX	RTX Corp	40,578	$7.548M	0.9%	$186.01	$67.92	+173.4%	RTX	75513E101
CL	Colgate-Palmolive	22,450	$1.908M	0.2%	$84.99	$44.38	+92.2%	CL	194162103
AMGN	Amgen Inc	2,481	$1.047M	0.1%	$422.01	$88.88	+374.2%	AMGN	031162100
PLTR	Palantir Technologies Inc	1,710	$320K	0.0%	$187.13	$136.41	+37.1%	PLTR	69608A108
—	AbbVie Inc	7,056	$1.849M	0.2%	$262.05	$216.97	—	ABBV	00287y109
JPM	JPMorgan Chase & Co	15,578	$5.156M	0.6%	$330.98	$86.41	+282.9%	JPM	46625H100
UNH	UnitedHealth Group Inc	1,107	$406K	0.0%	$366.76	$226.92	+61.8%	UNH	91324P102
HSY	Hershey Company	2,104	$332K	0.0%	$157.79	$193.08	-18.4%	HSY	427866108
DIS	Disney Walt Co	3,377	$355K	0.0%	$105.12	$95.61	+9.7%	DIS	254687106
NVS	Novartis AG ADS	2,031	$290K	0.0%	$142.79	$66.59	+114.1%	NVS	66987V109
AFL	AFLAC Inc	3,300	$370K	0.0%	$112.12	$65.19	+71.5%	AFL	001055102
COF	Capital One Fin'l	1,500	$290K	0.0%	$193.33	$131.88	+46.4%	COF	14040H105
USB	U S Bancorp	5,150	$299K	0.0%	$58.06	$38.64	+49.5%	USB	902973304
MRSH	Marsh & McLennan	1,800	$308K	0.0%	$171.11	$136.74	+24.9%	MRSH	571748102
ADI	Analog Devices	4,740	$1.882M	0.2%	$397.05	$191.77	+106.9%	ADI	032654105
BRK/B	Berkshire Hathaway Cl B	562	$280K	0.0%	$498.22	$449.31	+10.8%	BRKB	084670702
IBRX	ImmunityBio Inc	23,800	$214K	0.0%	$8.99 *	$2.69	+251.1%	IBRX	45256X103