Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACWI	ISHARES TR	165,370	$22.88M	1.9%	$138.37	—	MSCI ACWI ETF	464288257
SGOV	ISHARES TR	61,026	$6.143M	0.5%	$100.66	—	0-3 MNTH TREASRY	46436E718
MDALF	MDA SPACE LTD	106,123	$2.685M	0.2%	$25.60	0.0%	COM	55293N109
PBR	PETROLEO BRASILEIRO S A	68,001	$1.411M	0.1%	$20.75	—	SPONSORED ADR	71654V408
NXE	NEXGEN ENERGY LTD	96,001	$1.11M	0.1%	$11.89	0.0%	COM	65340P106
NOW	SERVICENOW INC	7,756	$813K	0.1%	$121.19	0.0%	COM	81762P102
PAM	PAMPA ENERGIA SA	7,000	$620K	0.1%	$88.50	—	SPONS ADR LVL I	697660207
URTH	ISHARES INC	293	$553K	0.0%	$1888.82	—	MSCI WORLD ETF	464286392
ALM	ALMONTY INDS INC	30,000	$434K	0.0%	$11.89	0.0%	COM NEW	020398707
HL	HECLA MINING COMPANY	19,000	$354K	0.0%	$24.08	0.0%	COM	422704106
ABVX	ABIVAX SA	2,700	$301K	0.0%	$111.35	—	SPONSORED ADS	00370M103
CRCL	CIRCLE INTERNET GROUP INC	3,000	$286K	0.0%	$69.72	0.0%	COM CL A	172573107
BBUC	BROOKFIELD BUSINESS CORP	7,550	$238K	0.0%	$31.56	—	CL A SUB VTG SH	113006100
UGI	UGI CORP NEW	5,731	$209K	0.0%	$38.23	0.0%	COM	902681105
ARES	ARES MANAGEMENT CORPORATION	1,887	$206K	0.0%	$148.60	0.0%	CL A COM STK	03990B101
SPXS	DIREXION SHARES ETF TRUST	5,001	$203K	0.0%	$40.61	—	DAILY S&P 500 BE	25460E190

Increased Positions (44)

FCG FIRST TR EXCHANGE-TRADED FD 1.4%

Value $16.24M (+649.2%) Shares 511,001 (+451.8%) Est. Cost $30.26 Unrealized —

AEM AGNICO EAGLE MINES LTD 1.1%

Value $12.88M (+46.2%) Shares 63,453 (+43.0%) Est. Cost $118.70 Unrealized +73.6%

MSFT MICROSOFT CORP 2.2%

Value $26.59M (-6.4%) Shares 71,634 (+4.1%) Est. Cost $427.76 Unrealized +1.6%

BHP BHP BILLITON LIMITED 0.7%

Value $8.908M (+16.8%) Shares 122,177 (+15.3%) Est. Cost $52.59 Unrealized —

SAP SAP SE 0.7%

Value $8.629M (-12.6%) Shares 50,264 (+1.3%) Est. Cost $249.28 Unrealized —

TXN TEXAS INSTRS INC 0.8%

Value $9.074M (-11.4%) Shares 46,611 (+1.1%) Est. Cost $191.78 Unrealized +7.6%

CVE CENOVUS ENERGY INC 0.3%

Value $3.76M (+43.6%) Shares 142,162 (+9.5%) Est. Cost $17.02 Unrealized +15.2%

MA MASTERCARD INCORPORATED 1.0%

Value $12.35M (-8.2%) Shares 24,658 (+1.1%) Est. Cost $519.34 Unrealized +3.8%

EWZ ISHARES INC 0.2%

Value $2.111M (+90.3%) Shares 55,000 (+83.3%) Est. Cost $37.62 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.2%

Value $2.749M (+51.0%) Shares 3,241 (+62.1%) Est. Cost $717.24 Unrealized +30.0%

AMAT APPLIED MATLS INC 0.4%

Value $5.154M (+19.7%) Shares 15,038 (+3.6%) Est. Cost $237.93 Unrealized +37.3%

WPM WHEATON PRECIOUS METALS CORP 0.2%

Value $1.982M (+69.6%) Shares 15,106 (+80.3%) Est. Cost $103.75 Unrealized +34.8%

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value $1.449M (+118.9%) Shares 3,701 (+131.3%) Est. Cost $464.88 Unrealized -7.3%

CCJ CAMECO CORP 0.3%

Value $3.551M (+27.9%) Shares 32,751 (+34.8%) Est. Cost $69.80 Unrealized +66.6%

AVGO BROADCOM INC 0.3%

Value $3.081M (+27.2%) Shares 9,928 (+25.9%) Est. Cost $235.35 Unrealized +42.0%

BEPC BROOKFIELD RENEWABLE CORP 0.1%

Value $1.31M (+50.9%) Shares 23,623 (+13.1%) Est. Cost $31.18 Unrealized +31.4%

VST VISTRA CORP 0.1%

Value $1.5M (+39.0%) Shares 9,951 (+30.9%) Est. Cost $157.75 Unrealized +3.4%

DHR DANAHER CORP DEL 0.2%

Value $2.97M (-11.0%) Shares 15,620 (+2.5%) Est. Cost $242.04 Unrealized -7.2%

TFII TRANSFORCE INC 0.4%

Value $4.277M (-7.5%) Shares 39,300 (+3.5%) Est. Cost $93.79 Unrealized +21.6%

SHY ISHARES TR 0.1%

Value $1.478M (+29.7%) Shares 17,889 (+29.7%) Est. Cost $82.40 Unrealized —

MFC MANULIFE FINL CORP 0.6%

Value $6.821M (-4.6%) Shares 196,504 (+2.5%) Est. Cost $31.25 Unrealized +18.7%

BKNG BOOKING HOLDINGS INC 0.2%

Value $2.017M (-6.8%) Shares 478 (+1.5%) Est. Cost $4875.41 Unrealized -1.9%

CMI CUMMINS INC 0.1%

Value $852K (-10.3%) Shares 1,584 (+1.0%) Est. Cost $467.43 Unrealized +23.1%

AGG ISHARES TR 0.1%

Value $830K (+12.6%) Shares 8,353 (+12.6%) Est. Cost $96.99 Unrealized —

LQD ISHARES TR 0.1%

Value $672K (+15.3%) Shares 6,157 (+16.0%) Est. Cost $107.91 Unrealized —

HD HOME DEPOT INC 0.1%

Value $810K (-9.3%) Shares 2,462 (+6.6%) Est. Cost $386.37 Unrealized -2.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $2.516M (-3.0%) Shares 5,239 (+1.5%) Est. Cost $471.55 Unrealized +4.6%

MRK MERCK & CO INC 0.1%

Value $1.554M (+4.9%) Shares 12,884 (+2.5%) Est. Cost $94.89 Unrealized +20.4%

QSR RESTAURANT BRANDS INTL INC 0.1%

Value $702K (+9.3%) Shares 9,493 (+3.3%) Est. Cost $67.86 Unrealized +0.8%

HYG ISHARES TR 0.0%

Value $465K (+10.0%) Shares 5,833 (+11.1%) Est. Cost $79.13 Unrealized —

WAT WATERS CORP 0.0%

Value $235K (-14.8%) Shares 789 (+9.4%) Est. Cost $367.88 Unrealized -0.2%

AMZN AMAZON COM INC 0.4%

Value $4.82M (-0.8%) Shares 23,088 (+10.4%) Est. Cost $215.86 Unrealized +5.1%

PEG PUBLIC SVC ENTERPRISE GROUP 0.0%

Value $393K (+7.9%) Shares 4,853 (+6.8%) Est. Cost $81.11 Unrealized +0.5%

ORI OLD REP INTL CORP 0.0%

Value $389K (+7.3%) Shares 9,737 (+9.7%) Est. Cost $40.90 Unrealized +1.6%

WSO WATSCO INC 0.0%

Value $258K (-8.4%) Shares 708 (+3.2%) Est. Cost $358.16 Unrealized +9.5%

YUMC YUM CHINA HLDGS INC 0.0%

Value $338K (-6.3%) Shares 6,919 (+1.9%) Est. Cost $45.92 Unrealized +12.2%

CP CANADIAN PACIFIC KANSAS CITY 0.1%

Value $1.608M (+1.3%) Shares 20,442 (+2.0%) Est. Cost $76.44 Unrealized +1.0%

EFA ISHARES TR 0.0%

Value $252K (+6.8%) Shares 2,590 (+11.7%) Est. Cost $101.18 Unrealized —

LAMR LAMAR ADVERTISING CO 0.0%

Value $394K (+3.2%) Shares 3,113 (+4.6%) Est. Cost $128.24 Unrealized —

IEFA ISHARES TR 0.0%

Value $209K (-3.0%) Shares 2,311 (+1.7%) Est. Cost $94.85 Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.0%

Value $365K (+1.4%) Shares 1,959 (+6.4%) Est. Cost $180.23 Unrealized +2.1%

RHP RYMAN HOSPITALITY PPTYS INC 0.0%

Value $215K (-2.0%) Shares 2,327 (+2.1%) Est. Cost $96.09 Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $689K (+0.5%) Shares 4,768 (+9.0%) Est. Cost $156.35 Unrealized -2.9%

DKS DICKS SPORTING GOODS INC 0.0%

Value $340K (+0.6%) Shares 1,716 (+6.8%) Est. Cost $216.55 Unrealized -4.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FCG	FIRST TR EXCHANGE-TRADED FD	511,001 (+451.8%)	$16.24M (+649.2%)	1.4%	$30.26	—	NAT GAS ETF	33733E807
AEM	AGNICO EAGLE MINES LTD	63,453 (+43.0%)	$12.88M (+46.2%)	1.1%	$118.70	+73.6%	COM	008474108
MSFT	MICROSOFT CORP	71,634 (+4.1%)	$26.59M (-6.4%)	2.2%	$427.76	+1.6%	COM	594918104
BHP	BHP BILLITON LIMITED	122,177 (+15.3%)	$8.908M (+16.8%)	0.7%	$52.59	—	SPONSORED ADS	088606108
SAP	SAP SE	50,264 (+1.3%)	$8.629M (-12.6%)	0.7%	$249.28	—	SPON ADR	803054204
TXN	TEXAS INSTRS INC	46,611 (+1.1%)	$9.074M (-11.4%)	0.8%	$191.78	+7.6%	COM	882508104
CVE	CENOVUS ENERGY INC	142,162 (+9.5%)	$3.76M (+43.6%)	0.3%	$17.02	+15.2%	COM	15135U109
MA	MASTERCARD INCORPORATED	24,658 (+1.1%)	$12.35M (-8.2%)	1.0%	$519.34	+3.8%	CL A	57636Q104
EWZ	ISHARES INC	55,000 (+83.3%)	$2.111M (+90.3%)	0.2%	$37.62	—	MSCI BRAZIL ETF	464286400
GS	GOLDMAN SACHS GROUP INC	3,241 (+62.1%)	$2.749M (+51.0%)	0.2%	$717.24	+30.0%	COM	38141G104
AMAT	APPLIED MATLS INC	15,038 (+3.6%)	$5.154M (+19.7%)	0.4%	$237.93	+37.3%	COM	038222105
WPM	WHEATON PRECIOUS METALS CORP	15,106 (+80.3%)	$1.982M (+69.6%)	0.2%	$103.75	+34.8%	COM	962879102
CRWD	CROWDSTRIKE HLDGS INC	3,701 (+131.3%)	$1.449M (+118.9%)	0.1%	$464.88	-7.3%	CL A	22788C105
CCJ	CAMECO CORP	32,751 (+34.8%)	$3.551M (+27.9%)	0.3%	$69.80	+66.6%	COM	13321L108
AVGO	BROADCOM INC	9,928 (+25.9%)	$3.081M (+27.2%)	0.3%	$235.35	+42.0%	COM	11135F101
BEPC	BROOKFIELD RENEWABLE CORP	23,623 (+13.1%)	$1.31M (+50.9%)	0.1%	$31.18	+31.4%	CL A EX SUB VTG	11285B108
VST	VISTRA CORP	9,951 (+30.9%)	$1.5M (+39.0%)	0.1%	$157.75	+3.4%	COM	92840M102
DHR	DANAHER CORP DEL	15,620 (+2.5%)	$2.97M (-11.0%)	0.2%	$242.04	-7.2%	COM	235851102
TFII	TRANSFORCE INC	39,300 (+3.5%)	$4.277M (-7.5%)	0.4%	$93.79	+21.6%	COM	87241L109
SHY	ISHARES TR	17,889 (+29.7%)	$1.478M (+29.7%)	0.1%	$82.40	—	1 3 YR TREAS BD	464287457
MFC	MANULIFE FINL CORP	196,504 (+2.5%)	$6.821M (-4.6%)	0.6%	$31.25	+18.7%	COM	56501R106
BKNG	BOOKING HOLDINGS INC	478 (+1.5%)	$2.017M (-6.8%)	0.2%	$4875.41	-1.9%	COM	09857L108
CMI	CUMMINS INC	1,584 (+1.0%)	$852K (-10.3%)	0.1%	$467.43	+23.1%	COM	231021106
AGG	ISHARES TR	8,353 (+12.6%)	$830K (+12.6%)	0.1%	$96.99	—	CORE US AGGBD ET	464287226
LQD	ISHARES TR	6,157 (+16.0%)	$672K (+15.3%)	0.1%	$107.91	—	IBOXX INV CP ETF	464287242
HD	HOME DEPOT INC	2,462 (+6.6%)	$810K (-9.3%)	0.1%	$386.37	-2.4%	COM	437076102
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,239 (+1.5%)	$2.516M (-3.0%)	0.2%	$471.55	+4.6%	CL B NEW	084670702
MRK	MERCK & CO INC	12,884 (+2.5%)	$1.554M (+4.9%)	0.1%	$94.89	+20.4%	COM	58933Y105
QSR	RESTAURANT BRANDS INTL INC	9,493 (+3.3%)	$702K (+9.3%)	0.1%	$67.86	+0.8%	COM	76131D103
HYG	ISHARES TR	5,833 (+11.1%)	$465K (+10.0%)	0.0%	$79.13	—	IBOXX HI YD ETF	464288513
WAT	WATERS CORP	789 (+9.4%)	$235K (-14.8%)	0.0%	$367.88	-0.2%	COM	941848103
AMZN	AMAZON COM INC	23,088 (+10.4%)	$4.82M (-0.8%)	0.4%	$215.86	+5.1%	COM	023135106
PEG	PUBLIC SVC ENTERPRISE GROUP	4,853 (+6.8%)	$393K (+7.9%)	0.0%	$81.11	+0.5%	COM	744573106
ORI	OLD REP INTL CORP	9,737 (+9.7%)	$389K (+7.3%)	0.0%	$40.90	+1.6%	COM	680223104
WSO	WATSCO INC	708 (+3.2%)	$258K (-8.4%)	0.0%	$358.16	+9.5%	COM	942622200
YUMC	YUM CHINA HLDGS INC	6,919 (+1.9%)	$338K (-6.3%)	0.0%	$45.92	+12.2%	COM	98850P109
CP	CANADIAN PACIFIC KANSAS CITY	20,442 (+2.0%)	$1.608M (+1.3%)	0.1%	$76.44	+1.0%	COM	13646K108
EFA	ISHARES TR	2,590 (+11.7%)	$252K (+6.8%)	0.0%	$101.18	—	MSCI EAFE ETF	464287465
LAMR	LAMAR ADVERTISING CO	3,113 (+4.6%)	$394K (+3.2%)	0.0%	$128.24	—	CL A	512816109
IEFA	ISHARES TR	2,311 (+1.7%)	$209K (-3.0%)	0.0%	$94.85	—	CORE MSCI EAFE	46432F842
SPG	SIMON PPTY GROUP INC NEW	1,959 (+6.4%)	$365K (+1.4%)	0.0%	$180.23	+2.1%	COM	828806109
RHP	RYMAN HOSPITALITY PPTYS INC	2,327 (+2.1%)	$215K (-2.0%)	0.0%	$96.09	—	COM	78377T107
PG	PROCTER & GAMBLE CO	4,768 (+9.0%)	$689K (+0.5%)	0.1%	$156.35	-2.9%	COM	742718109
DKS	DICKS SPORTING GOODS INC	1,716 (+6.8%)	$340K (+0.6%)	0.0%	$216.55	-4.0%	COM	253393102

Exited Positions (25)

COPX GLOBAL X FDS 0.8%

Value $9.268M Shares 129,100 Est. Cost $44.29 Unrealized —

EWJV ISHARES TR 0.6%

Value $6.804M Shares 171,300 Est. Cost $38.05 Unrealized —

XLU SELECT SECTOR SPDR TR 0.4%

Value $5.097M Shares 119,400 Est. Cost $42.69 Unrealized —

JXI ISHARES TR 0.3%

Value $4.098M Shares 52,100 Est. Cost $78.65 Unrealized —

EEM ISHARES TR 0.2%

Value $2.705M Shares 46,000 Est. Cost $58.80 Unrealized —

EXE EXPAND ENERGY CORPORATION 0.1%

Value $1.681M Shares 15,450 Est. Cost $101.05 Unrealized +4.7%

GM GENERAL MTRS CO 0.1%

Value $1.467M Shares 17,000 Est. Cost $70.40 Unrealized +16.8%

WDC WESTERN DIGITAL CORP 0.1%

Value $1.347M Shares 5,000 Est. Cost $151.55 Unrealized +65.8%

INTC INTEL CORP 0.1%

Value $1.293M Shares 26,600 Est. Cost $37.76 Unrealized +23.0%

NOK NOKIA CORP 0.1%

Value $1.122M Shares 165,000 Est. Cost $6.80 Unrealized —

SATS ECHOSTAR CORP 0.1%

Value $1.107M Shares 10,000 Est. Cost $81.43 Unrealized +42.9%

IEMG ISHARES INC 0.1%

Value $795K Shares 11,000 Est. Cost $72.29 Unrealized —

GH GUARDANT HEALTH INC 0.1%

Value $743K Shares 7,000 Est. Cost $89.46 Unrealized +20.1%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value $707K Shares 5,065 Est. Cost $181.03 Unrealized -14.8%

NTRA NATERA INC 0.1%

Value $699K Shares 3,400 Est. Cost $208.59 Unrealized +8.3%

CAT CATERPILLAR INC 0.1%

Value $692K Shares 1,000 Est. Cost $555.50 Unrealized +23.2%

TEM TEMPUS AI INC 0.1%

Value $661K Shares 12,400 Est. Cost $60.18 Unrealized +1.8%

BIPC BROOKFIELD INFRASTRUCTURE CO 0.0%

Value $431K Shares 8,793 Est. Cost $40.72 Unrealized +15.5%

VOO VANGUARD INDEX FDS 0.0%

Value $416K Shares 661 Est. Cost $560.08 Unrealized —

TLT ISHARES TR 0.0%

Value $400K Shares 4,625 Est. Cost $88.00 Unrealized —

PSLV SPROTT ASSET MANAGEMENT LP 0.0%

Value $347K Shares 12,450 Est. Cost $10.04 Unrealized —

BXP BXP INC 0.0%

Value $282K Shares 4,435 Est. Cost $76.13 Unrealized -10.9%

IDV ISHARES TR 0.0%

Value $239K Shares 5,598 Est. Cost $42.73 Unrealized —

OKE ONEOK INC NEW 0.0%

Value $216K Shares 2,700 Est. Cost $75.06 Unrealized +4.6%

LEGN LEGEND BIOTECH CORP 0.0%

Value $208K Shares 12,500 Est. Cost $16.65 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COPX	GLOBAL X FDS	129,100	$9.268M	0.8%	$44.29	—	—	37954Y830
EWJV	ISHARES TR	171,300	$6.804M	0.6%	$38.05	—	—	46435U374
XLU	SELECT SECTOR SPDR TR	119,400	$5.097M	0.4%	$42.69	—	—	81369Y886
JXI	ISHARES TR	52,100	$4.098M	0.3%	$78.65	—	—	464288711
EEM	ISHARES TR	46,000	$2.705M	0.2%	$58.80	—	—	464287234
EXE	EXPAND ENERGY CORPORATION	15,450	$1.681M	0.1%	$101.05	+4.7%	—	165167735
GM	GENERAL MTRS CO	17,000	$1.467M	0.1%	$70.40	+16.8%	—	37045V100
WDC	WESTERN DIGITAL CORP	5,000	$1.347M	0.1%	$151.55	+65.8%	—	958102105
INTC	INTEL CORP	26,600	$1.293M	0.1%	$37.76	+23.0%	—	458140100
NOK	NOKIA CORP	165,000	$1.122M	0.1%	$6.80	—	—	654902204
SATS	ECHOSTAR CORP	10,000	$1.107M	0.1%	$81.43	+42.9%	—	278768106
IEMG	ISHARES INC	11,000	$795K	0.1%	$72.29	—	—	46434G103
GH	GUARDANT HEALTH INC	7,000	$743K	0.1%	$89.46	+20.1%	—	40131M109
PLTR	PALANTIR TECHNOLOGIES INC	5,065	$707K	0.1%	$181.03	-14.8%	—	69608A108
NTRA	NATERA INC	3,400	$699K	0.1%	$208.59	+8.3%	—	632307104
CAT	CATERPILLAR INC	1,000	$692K	0.1%	$555.50	+23.2%	—	149123101
TEM	TEMPUS AI INC	12,400	$661K	0.1%	$60.18	+1.8%	—	88023B103
BIPC	BROOKFIELD INFRASTRUCTURE CO	8,793	$431K	0.0%	$40.72	+15.5%	—	11276H106
VOO	VANGUARD INDEX FDS	661	$416K	0.0%	$560.08	—	—	922908363
TLT	ISHARES TR	4,625	$400K	0.0%	$88.00	—	—	464287432
PSLV	SPROTT ASSET MANAGEMENT LP	12,450	$347K	0.0%	$10.04	—	—	85207K107
BXP	BXP INC	4,435	$282K	0.0%	$76.13	-10.9%	—	101121101
IDV	ISHARES TR	5,598	$239K	0.0%	$42.73	—	—	464288448
OKE	ONEOK INC NEW	2,700	$216K	0.0%	$75.06	+4.6%	—	682680103
LEGN	LEGEND BIOTECH CORP	12,500	$208K	0.0%	$16.65	—	—	52490G102

Decreased Positions (69)

RING ISHARES INC 0.3%

Value $3.317M (-70.9%) Shares 42,000 (-72.9%) Est. Cost $63.12 Unrealized —

GOOGL ALPHABET INC 1.4%

Value $16.44M (-27.6%) Shares 57,036 (-16.6%) Est. Cost $200.23 Unrealized +61.5%

CNQ CANADIAN NAT RES LTD MED TER 2.2%

Value $26.85M (+25.1%) Shares 550,552 (-1.6%) Est. Cost $32.47 Unrealized +14.6%

QQQ INVESCO QQQ TR 0.0%

Value $275K (-94.9%) Shares 476 (-94.7%) Est. Cost $598.87 Unrealized —

OTEX OPEN TEXT CORP 0.1%

Value $664K (-87.4%) Shares 29,827 (-86.8%) Est. Cost $29.57 Unrealized -7.0%

AAPL APPLE INC 2.1%

Value $24.77M (-14.7%) Shares 97,376 (-7.5%) Est. Cost $237.23 Unrealized +10.8%

JPM JPMORGAN CHASE & CO 2.4%

Value $28.28M (-11.3%) Shares 95,888 (-4.9%) Est. Cost $237.75 Unrealized +31.0%

BN BROOKFIELD CORP 1.7%

Value $20.7M (-14.6%) Shares 508,806 (-4.2%) Est. Cost $41.04 Unrealized +13.7%

IMO IMPERIAL OIL LTD 1.7%

Value $20.27M (+16.4%) Shares 154,756 (-2.2%) Est. Cost $70.33 Unrealized +49.2%

TD TORONTO DOMINION BK ONT 5.5%

Value $65.62M (-3.6%) Shares 702,815 (-1.8%) Est. Cost $58.42 Unrealized +63.1%

KBWB INVESCO EXCH TRADED FD TR II 0.8%

Value $9.289M (-20.4%) Shares 117,400 (-15.2%) Est. Cost $72.46 Unrealized —

BMO BANK MONTREAL MEDIUM 4.2%

Value $49.85M (-4.4%) Shares 368,162 (-1.0%) Est. Cost $94.22 Unrealized +47.4%

GLD SPDR GOLD TR 0.0%

Value $207K (-89.4%) Shares 479 (-88.8%) Est. Cost $440.59 Unrealized —

BLK BLACKROCK INC 0.0%

Value $569K (-75.0%) Shares 591 (-72.1%) Est. Cost $964.09 Unrealized +13.8%

NKE NIKE INC 0.4%

Value $5.059M (-24.8%) Shares 95,518 (-9.2%) Est. Cost $72.83 Unrealized -12.2%

TU TELUS CORPORATION 0.4%

Value $5.102M (-24.1%) Shares 396,789 (-16.2%) Est. Cost $15.42 Unrealized -11.4%

BA BOEING CO 0.1%

Value $644K (-70.1%) Shares 3,226 (-64.8%) Est. Cost $224.07 Unrealized +6.5%

IAU ISHARES GOLD TR 0.1%

Value $1.322M (-52.6%) Shares 15,000 (-50.0%) Est. Cost $92.92 Unrealized —

MP MP MATERIALS CORP 0.1%

Value $721K (-65.9%) Shares 14,901 (-57.5%) Est. Cost $23.24 Unrealized +165.7%

UNH UNITEDHEALTH GROUP INC 0.3%

Value $3.592M (-25.7%) Shares 13,243 (-24.6%) Est. Cost $503.62 Unrealized -38.7%

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.8%

Value $9.499M (-10.4%) Shares 558,229 (-2.7%) Est. Cost $12.18 Unrealized —

NVO NOVO-NORDISK A S 0.2%

Value $2.414M (-31.1%) Shares 65,512 (-12.1%) Est. Cost $84.43 Unrealized —

XLV SELECT SECTOR SPDR TR 0.1%

Value $1.026M (-49.4%) Shares 7,000 (-46.2%) Est. Cost $156.03 Unrealized —

NTR NUTRIEN LTD 2.2%

Value $26.44M (+3.7%) Shares 350,388 (-2.3%) Est. Cost $47.13 Unrealized +44.5%

SNOW SNOWFLAKE INC 0.0%

Value $575K (-61.7%) Shares 3,801 (-58.2%) Est. Cost $223.77 Unrealized -13.1%

WFC WELLS FARGO & CO 0.4%

Value $4.487M (-16.8%) Shares 56,213 (-3.2%) Est. Cost $66.78 Unrealized +34.8%

WMT WALMART INC 1.3%

Value $15.12M (-5.3%) Shares 121,299 (-3.0%) Est. Cost $85.80 Unrealized +42.2%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value $1.326M (-38.7%) Shares 10,536 (-22.7%) Est. Cost $174.78 Unrealized —

JNJ JOHNSON & JOHNSON 2.0%

Value $23.55M (+3.5%) Shares 96,086 (-1.3%) Est. Cost $152.14 Unrealized +49.8%

QCOM QUALCOMM INC 0.3%

Value $3.192M (-19.4%) Shares 24,725 (-7.4%) Est. Cost $159.52 Unrealized -3.5%

RKT ROCKET COS INC 0.1%

Value $1.305M (-36.0%) Shares 91,301 (-10.8%) Est. Cost $17.88 Unrealized +12.7%

PEP PEPSICO INC 0.7%

Value $8.895M (-7.2%) Shares 57,130 (-1.3%) Est. Cost $156.55 Unrealized -1.2%

UL UNILEVER PLC 0.2%

Value $2.548M (-21.1%) Shares 44,618 (-2.5%) Est. Cost $70.57 Unrealized —

NGG NATIONAL GRID PLC 1.2%

Value $14.52M (-4.3%) Shares 171,170 (-1.4%) Est. Cost $59.28 Unrealized —

TRP TC ENERGY CORP 1.0%

Value $11.65M (+5.5%) Shares 184,625 (-1.3%) Est. Cost $46.24 Unrealized +25.9%

GOOG ALPHABET INC 0.3%

Value $3.279M (-14.7%) Shares 11,401 (-1.5%) Est. Cost $175.67 Unrealized +84.2%

SLF SUN LIFE FINANCIAL INC. 0.8%

Value $9.163M (-5.3%) Shares 145,822 (-1.6%) Est. Cost $59.02 Unrealized +8.8%

LLY ELI LILLY & CO 0.3%

Value $3.354M (-12.5%) Shares 3,638 (-5.0%) Est. Cost $822.40 Unrealized +27.3%

NVDA NVIDIA CORPORATION 0.3%

Value $3.654M (-10.5%) Shares 20,889 (-11.2%) Est. Cost $155.37 Unrealized +20.1%

WCN WASTE CONNECTIONS INC 0.2%

Value $2.507M (-14.2%) Shares 15,432 (-11.0%) Est. Cost $178.87 Unrealized -6.4%

NDAQ NASDAQ INC 0.2%

Value $2.794M (-11.5%) Shares 32,826 (-8.4%) Est. Cost $76.60 Unrealized +19.8%

CM CANADIAN IMPERIAL BANK OF CO 3.0%

Value $35.72M (-1.0%) Shares 376,970 (-1.2%) Est. Cost $66.36 Unrealized +42.5%

ILMN ILLUMINA INC 0.2%

Value $2.407M (-12.9%) Shares 19,472 (-5.8%) Est. Cost $88.29 Unrealized +53.4%

RTX RTX CORPORATION 0.9%

Value $11M (-2.7%) Shares 56,852 (-1.4%) Est. Cost $119.38 Unrealized +64.7%

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value $869K (-25.0%) Shares 2,960 (-13.2%) Est. Cost $409.27 Unrealized -14.1%

VTI VANGUARD INDEX FDS 0.1%

Value $636K (-27.3%) Shares 1,976 (-23.8%) Est. Cost $302.45 Unrealized —

GIB CGI INC 0.1%

Value $1.076M (-16.2%) Shares 14,726 (-5.5%) Est. Cost $107.15 Unrealized -21.7%

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.0%

Value $11.8M (-1.5%) Shares 34,838 (-5.5%) Est. Cost $213.95 Unrealized —

COF CAPITAL ONE FINL CORP 0.0%

Value $338K (-30.0%) Shares 1,851 (-13.9%) Est. Cost $186.85 Unrealized +19.5%

B BARRICK MNG CORP 0.0%

Value $401K (-21.5%) Shares 9,821 (-8.3%) Est. Cost $37.42 Unrealized +29.1%

PAYX PAYCHEX INC 0.0%

Value $225K (-32.6%) Shares 2,441 (-27.9%) Est. Cost $116.54 Unrealized -12.5%

BCE BCE INC 0.3%

Value $4.057M (-2.5%) Shares 155,891 (-1.8%) Est. Cost $26.07 Unrealized -4.0%

COP CONOCOPHILLIPS 0.0%

Value $532K (+20.8%) Shares 4,032 (-1.6%) Est. Cost $90.02 Unrealized +14.0%

CVS CVS HEALTH CORP 0.0%

Value $322K (-18.1%) Shares 4,476 (-14.3%) Est. Cost $78.67 Unrealized -0.9%

PL PLANET LABS PBC 0.1%

Value $1.677M (-3.7%) Shares 60,000 (-25.0%) Est. Cost $14.34 Unrealized +69.3%

ROP ROPER TECHNOLOGIES INC 0.0%

Value $552K (-10.3%) Shares 1,557 (-9.2%) Est. Cost $546.38 Unrealized -30.8%

BIL SPDR SERIES TRUST 0.1%

Value $1.047M (-5.3%) Shares 11,395 (-6.0%) Est. Cost $91.40 Unrealized —

AQN ALGONQUIN POWER & UTILITIES 0.0%

Value $595K (-7.6%) Shares 97,097 (-1.6%) Est. Cost $4.64 Unrealized +40.2%

COST COSTCO WHOLESALE CORPORATION 0.9%

Value $10.35M (+0.4%) Shares 10,360 (-2.0%) Est. Cost $932.25 Unrealized +3.4%

MMM 3M CO 0.0%

Value $298K (-12.9%) Shares 2,051 (-1.9%) Est. Cost $128.38 Unrealized +27.7%

CSCO CISCO SYS INC 0.0%

Value $537K (-7.4%) Shares 6,906 (-3.5%) Est. Cost $59.24 Unrealized +31.5%

ORCL ORACLE CORP 0.5%

Value $5.573M (-0.7%) Shares 37,782 (-1.7%) Est. Cost $175.85 Unrealized -3.5%

TRI THOMSON REUTERS CORP 0.2%

Value $1.835M (-2.2%) Shares 19,373 (-3.8%) Est. Cost $161.91 Unrealized -33.9%

UPS UNITED PARCEL SVCS INC 0.0%

Value $210K (-16.2%) Shares 2,126 (-1.1%) Est. Cost $92.75 Unrealized +18.5%

T AT&T INC 0.0%

Value $228K (-10.3%) Shares 7,841 (-16.0%) Est. Cost $21.51 Unrealized +19.7%

LQDH ISHARES U S ETF TR 0.0%

Value $322K (-7.2%) Shares 3,481 (-6.6%) Est. Cost $92.82 Unrealized —

CLS CELESTICA INC 0.0%

Value $230K (-7.4%) Shares 816 (-4.0%) Est. Cost $301.37 Unrealized -0.1%

VRSK VERISK ANALYTICS INC 0.1%

Value $1.291M (-1.0%) Shares 6,793 (-1.4%) Est. Cost $267.37 Unrealized -23.8%

MKTX MARKETAXESS HLDGS INC 0.0%

Value $232K (-4.6%) Shares 1,401 (-6.6%) Est. Cost $245.80 Unrealized -29.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RING	ISHARES INC	42,000 (-72.9%)	$3.317M (-70.9%)	0.3%	$63.12	—	MSCI GBL GOLD MN	46434G855
GOOGL	ALPHABET INC	57,036 (-16.6%)	$16.44M (-27.6%)	1.4%	$200.23	+61.5%	CAP STK CL A	02079K305
CNQ	CANADIAN NAT RES LTD MED TER	550,552 (-1.6%)	$26.85M (+25.1%)	2.2%	$32.47	+14.6%	COM	136385101
QQQ	INVESCO QQQ TR	476 (-94.7%)	$275K (-94.9%)	0.0%	$598.87	—	UNIT SER 1	46090E103
OTEX	OPEN TEXT CORP	29,827 (-86.8%)	$664K (-87.4%)	0.1%	$29.57	-7.0%	COM	683715106
AAPL	APPLE INC	97,376 (-7.5%)	$24.77M (-14.7%)	2.1%	$237.23	+10.8%	COM	037833100
JPM	JPMORGAN CHASE & CO	95,888 (-4.9%)	$28.28M (-11.3%)	2.4%	$237.75	+31.0%	COM	46625H100
BN	BROOKFIELD CORP	508,806 (-4.2%)	$20.7M (-14.6%)	1.7%	$41.04	+13.7%	CL A LTD VT SH	11271J107
IMO	IMPERIAL OIL LTD	154,756 (-2.2%)	$20.27M (+16.4%)	1.7%	$70.33	+49.2%	COM NEW	453038408
TD	TORONTO DOMINION BK ONT	702,815 (-1.8%)	$65.62M (-3.6%)	5.5%	$58.42	+63.1%	COM NEW	891160509
KBWB	INVESCO EXCH TRADED FD TR II	117,400 (-15.2%)	$9.289M (-20.4%)	0.8%	$72.46	—	KBW BK ETF	46138E628
BMO	BANK MONTREAL MEDIUM	368,162 (-1.0%)	$49.85M (-4.4%)	4.2%	$94.22	+47.4%	COM	063671101
GLD	SPDR GOLD TR	479 (-88.8%)	$207K (-89.4%)	0.0%	$440.59	—	GOLD SHS	78463V107
BLK	BLACKROCK INC	591 (-72.1%)	$569K (-75.0%)	0.0%	$964.09	+13.8%	COM	09290D101
NKE	NIKE INC	95,518 (-9.2%)	$5.059M (-24.8%)	0.4%	$72.83	-12.2%	CL B	654106103
TU	TELUS CORPORATION	396,789 (-16.2%)	$5.102M (-24.1%)	0.4%	$15.42	-11.4%	COM	87971M103
BA	BOEING CO	3,226 (-64.8%)	$644K (-70.1%)	0.1%	$224.07	+6.5%	COM	097023105
IAU	ISHARES GOLD TR	15,000 (-50.0%)	$1.322M (-52.6%)	0.1%	$92.92	—	ISHARES NEW	464285204
MP	MP MATERIALS CORP	14,901 (-57.5%)	$721K (-65.9%)	0.1%	$23.24	+165.7%	COM CL A	553368101
UNH	UNITEDHEALTH GROUP INC	13,243 (-24.6%)	$3.592M (-25.7%)	0.3%	$503.62	-38.7%	COM	91324P102
MUFG	MITSUBISHI UFJ FINANCIAL GRO	558,229 (-2.7%)	$9.499M (-10.4%)	0.8%	$12.18	—	SPONSORED ADS	606822104
NVO	NOVO-NORDISK A S	65,512 (-12.1%)	$2.414M (-31.1%)	0.2%	$84.43	—	ADR	670100205
XLV	SELECT SECTOR SPDR TR	7,000 (-46.2%)	$1.026M (-49.4%)	0.1%	$156.03	—	STATE STREET HEA	81369Y209
NTR	NUTRIEN LTD	350,388 (-2.3%)	$26.44M (+3.7%)	2.2%	$47.13	+44.5%	COM	67077M108
SNOW	SNOWFLAKE INC	3,801 (-58.2%)	$575K (-61.7%)	0.0%	$223.77	-13.1%	COM SHS	833445109
WFC	WELLS FARGO & CO	56,213 (-3.2%)	$4.487M (-16.8%)	0.4%	$66.78	+34.8%	COM	949746101
WMT	WALMART INC	121,299 (-3.0%)	$15.12M (-5.3%)	1.3%	$85.80	+42.2%	COM	931142103
BABA	ALIBABA GROUP HLDG LTD	10,536 (-22.7%)	$1.326M (-38.7%)	0.1%	$174.78	—	SPONSORED ADS	01609W102
JNJ	JOHNSON & JOHNSON	96,086 (-1.3%)	$23.55M (+3.5%)	2.0%	$152.14	+49.8%	COM	478160104
QCOM	QUALCOMM INC	24,725 (-7.4%)	$3.192M (-19.4%)	0.3%	$159.52	-3.5%	COM	747525103
RKT	ROCKET COS INC	91,301 (-10.8%)	$1.305M (-36.0%)	0.1%	$17.88	+12.7%	COM CL A	77311W101
PEP	PEPSICO INC	57,130 (-1.3%)	$8.895M (-7.2%)	0.7%	$156.55	-1.2%	COM	713448108
UL	UNILEVER PLC	44,618 (-2.5%)	$2.548M (-21.1%)	0.2%	$70.57	—	SPON ADR NEW	904767803
NGG	NATIONAL GRID PLC	171,170 (-1.4%)	$14.52M (-4.3%)	1.2%	$59.28	—	SPONSORED ADR NE	636274409
TRP	TC ENERGY CORP	184,625 (-1.3%)	$11.65M (+5.5%)	1.0%	$46.24	+25.9%	COM	87807B107
GOOG	ALPHABET INC	11,401 (-1.5%)	$3.279M (-14.7%)	0.3%	$175.67	+84.2%	CAP STK CL C	02079K107
SLF	SUN LIFE FINANCIAL INC.	145,822 (-1.6%)	$9.163M (-5.3%)	0.8%	$59.02	+8.8%	COM	866796105
LLY	ELI LILLY & CO	3,638 (-5.0%)	$3.354M (-12.5%)	0.3%	$822.40	+27.3%	COM	532457108
NVDA	NVIDIA CORPORATION	20,889 (-11.2%)	$3.654M (-10.5%)	0.3%	$155.37	+20.1%	COM	67066G104
WCN	WASTE CONNECTIONS INC	15,432 (-11.0%)	$2.507M (-14.2%)	0.2%	$178.87	-6.4%	COM	94106B101
NDAQ	NASDAQ INC	32,826 (-8.4%)	$2.794M (-11.5%)	0.2%	$76.60	+19.8%	COM	631103108
CM	CANADIAN IMPERIAL BANK OF CO	376,970 (-1.2%)	$35.72M (-1.0%)	3.0%	$66.36	+42.5%	COM	136069101
ILMN	ILLUMINA INC	19,472 (-5.8%)	$2.407M (-12.9%)	0.2%	$88.29	+53.4%	COM	452327109
RTX	RTX CORPORATION	56,852 (-1.4%)	$11M (-2.7%)	0.9%	$119.38	+64.7%	COM	75513E101
ELV	ELEVANCE HEALTH INC FORMERLY	2,960 (-13.2%)	$869K (-25.0%)	0.1%	$409.27	-14.1%	COM	036752103
VTI	VANGUARD INDEX FDS	1,976 (-23.8%)	$636K (-27.3%)	0.1%	$302.45	—	TOTAL STK MKT	922908769
GIB	CGI INC	14,726 (-5.5%)	$1.076M (-16.2%)	0.1%	$107.15	-21.7%	CL A SUB VTG	12532H104
TSM	TAIWAN SEMICONDUCTOR MANUFAC	34,838 (-5.5%)	$11.8M (-1.5%)	1.0%	$213.95	—	SPONSORED ADS	874039100
COF	CAPITAL ONE FINL CORP	1,851 (-13.9%)	$338K (-30.0%)	0.0%	$186.85	+19.5%	COM	14040H105
B	BARRICK MNG CORP	9,821 (-8.3%)	$401K (-21.5%)	0.0%	$37.42	+29.1%	COM SHS	06849F108
PAYX	PAYCHEX INC	2,441 (-27.9%)	$225K (-32.6%)	0.0%	$116.54	-12.5%	COM	704326107
BCE	BCE INC	155,891 (-1.8%)	$4.057M (-2.5%)	0.3%	$26.07	-4.0%	COM NEW	05534B760
COP	CONOCOPHILLIPS	4,032 (-1.6%)	$532K (+20.8%)	0.0%	$90.02	+14.0%	COM	20825C104
CVS	CVS HEALTH CORP	4,476 (-14.3%)	$322K (-18.1%)	0.0%	$78.67	-0.9%	COM	126650100
PL	PLANET LABS PBC	60,000 (-25.0%)	$1.677M (-3.7%)	0.1%	$14.34	+69.3%	COM CL A	72703X106
ROP	ROPER TECHNOLOGIES INC	1,557 (-9.2%)	$552K (-10.3%)	0.0%	$546.38	-30.8%	COM	776696106
BIL	SPDR SERIES TRUST	11,395 (-6.0%)	$1.047M (-5.3%)	0.1%	$91.40	—	STATE STREET SPD	78468R663
AQN	ALGONQUIN POWER & UTILITIES	97,097 (-1.6%)	$595K (-7.6%)	0.0%	$4.64	+40.2%	COM	015857105
COST	COSTCO WHOLESALE CORPORATION	10,360 (-2.0%)	$10.35M (+0.4%)	0.9%	$932.25	+3.4%	COM	22160K105
MMM	3M CO	2,051 (-1.9%)	$298K (-12.9%)	0.0%	$128.38	+27.7%	COM	88579Y101
CSCO	CISCO SYS INC	6,906 (-3.5%)	$537K (-7.4%)	0.0%	$59.24	+31.5%	COM	17275R102
ORCL	ORACLE CORP	37,782 (-1.7%)	$5.573M (-0.7%)	0.5%	$175.85	-3.5%	COM	68389X105
TRI	THOMSON REUTERS CORP	19,373 (-3.8%)	$1.835M (-2.2%)	0.2%	$161.91	-33.9%	COM	884903808
UPS	UNITED PARCEL SVCS INC	2,126 (-1.1%)	$210K (-16.2%)	0.0%	$92.75	+18.5%	CL B	911312106
T	AT&T INC	7,841 (-16.0%)	$228K (-10.3%)	0.0%	$21.51	+19.7%	COM	00206R102
LQDH	ISHARES U S ETF TR	3,481 (-6.6%)	$322K (-7.2%)	0.0%	$92.82	—	INT RT HDG C B	46431W705
CLS	CELESTICA INC	816 (-4.0%)	$230K (-7.4%)	0.0%	$301.37	-0.1%	COM	15101Q207
VRSK	VERISK ANALYTICS INC	6,793 (-1.4%)	$1.291M (-1.0%)	0.1%	$267.37	-23.8%	COM	92345Y106
MKTX	MARKETAXESS HLDGS INC	1,401 (-6.6%)	$232K (-4.6%)	0.0%	$245.80	-29.7%	COM	57060D108

Unchanged Positions (63)

RY ROYAL BK CDA 6.8%

Value $81.44M Shares 503,889 Est. Cost $125.46 Unrealized +35.5%

SU SUNCOR ENERGY INC NEW 1.6%

Value $19.43M Shares 293,897 Est. Cost $37.81 Unrealized +37.0%

ENB ENBRIDGE INC 3.7%

Value $44.83M Shares 823,668 Est. Cost $39.65 Unrealized +22.5%

BNS BANK NOVA SCOTIA B C 3.7%

Value $43.86M Shares 632,459 Est. Cost $52.85 Unrealized +41.8%

EMR EMERSON ELEC CO 1.5%

Value $17.46M Shares 132,889 Est. Cost $119.24 Unrealized +24.5%

ING ING GROEP N.V. 1.6%

Value $18.62M Shares 712,635 Est. Cost $15.93 Unrealized —

CVX CHEVRON CORPORATION 1.2%

Value $14.67M Shares 70,702 Est. Cost $145.75 Unrealized +17.9%

BAM BROOKFIELD ASSET MANAGMT LTD 1.3%

Value $15.19M Shares 341,610 Est. Cost $52.23 Unrealized -1.5%

AXP AMERICAN EXPRESS CO 0.7%

Value $7.999M Shares 26,369 Est. Cost $283.58 Unrealized +25.6%

CNI CANADIAN NATL RY CO 2.1%

Value $25.72M Shares 249,906 Est. Cost $106.24 Unrealized -3.9%

DUK DUKE ENERGY CORP NEW 1.4%

Value $16.33M Shares 124,370 Est. Cost $109.02 Unrealized +10.9%

MCD MCDONALDS CORP 1.4%

Value $16.93M Shares 54,320 Est. Cost $290.49 Unrealized +9.2%

PBA PEMBINA PIPELINE CORP 1.0%

Value $11.96M Shares 266,886 Est. Cost $39.07 Unrealized +4.9%

MGA MAGNA INTL INC 1.0%

Value $11.75M Shares 210,434 Est. Cost $40.83 Unrealized +40.2%

RCI ROGERS COMMUNICATIONS INC 1.2%

Value $14.27M Shares 371,138 Est. Cost $33.86 Unrealized +10.3%

FTS FORTIS INC 1.4%

Value $17.16M Shares 307,724 Est. Cost $42.23 Unrealized +26.5%

AEP AMERICAN ELEC PWR CO INC 0.5%

Value $5.515M Shares 41,959 Est. Cost $93.11 Unrealized +29.5%

ABCL ABCELLERA BIOLOGICS INC 0.5%

Value $6.253M Shares 1,786,415 Est. Cost $2.78 Unrealized +31.4%

GLW CORNING INC 0.2%

Value $2.142M Shares 15,721 Est. Cost $46.35 Unrealized +141.0%

SBUX STARBUCKS CORP 0.4%

Value $5.135M Shares 57,160 Est. Cost $93.04 Unrealized +0.6%

SPY STATE STR SPDR S&P 500 ETF T 0.7%

Value $7.852M Shares 12,040 Est. Cost $591.73 Unrealized —

DIS DISNEY WALT CO 0.3%

Value $3.188M Shares 32,991 Est. Cost $103.57 Unrealized +5.7%

EMA EMERA INC 0.8%

Value $9.665M Shares 186,438 Est. Cost $43.62 Unrealized +14.1%

SHEL SHELL PLC 0.1%

Value $1.73M Shares 18,601 Est. Cost $78.76 Unrealized —

GEV GE VERNOVA INC 0.1%

Value $1.341M Shares 1,532 Est. Cost $609.04 Unrealized +21.0%

AFL AFLAC INC 0.7%

Value $7.985M Shares 72,588 Est. Cost $106.78 Unrealized +4.2%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value $1.044M Shares 5,127 Est. Cost $285.45 Unrealized -15.6%

RKLB ROCKET LAB CORP 0.1%

Value $1.028M Shares 16,000 Est. Cost $57.32 Unrealized +38.3%

PHYS SPROTT ASSET MANAGEMENT LP 0.3%

Value $3.022M Shares 85,261 Est. Cost $37.14 Unrealized —

SNY SANOFI SA 0.8%

Value $9.86M Shares 204,086 Est. Cost $49.10 Unrealized —

PM PHILIP MORRIS INTL INC 0.1%

Value $1.23M Shares 7,441 Est. Cost $128.20 Unrealized +37.2%

TECK TECK RESOURCES LTD 0.1%

Value $1.526M Shares 29,501 Est. Cost $46.73 Unrealized +17.7%

META META PLATFORMS INC 0.1%

Value $651K Shares 1,135 Est. Cost $609.55 Unrealized +7.5%

PFE PFIZER INC 0.2%

Value $1.906M Shares 67,721 Est. Cost $25.07 Unrealized +4.4%

MS MORGAN STANLEY 0.1%

Value $1.022M Shares 6,209 Est. Cost $166.47 Unrealized +7.9%

BAC BANK AMERICA CORP 0.1%

Value $741K Shares 15,165 Est. Cost $43.55 Unrealized +23.2%

CME CME GROUP INC 0.5%

Value $5.895M Shares 19,910 Est. Cost $233.98 Unrealized +23.7%

CL COLGATE PALMOLIVE CO 0.1%

Value $637K Shares 7,461 Est. Cost $85.01 Unrealized +4.4%

SOBO SOUTH BOW CORP 0.0%

Value $463K Shares 13,937 Est. Cost $22.97 Unrealized +24.0%

INTU INTUIT 0.2%

Value $2.354M Shares 5,429 Est. Cost $637.94 Unrealized -22.0%

V VISA INC 0.1%

Value $659K Shares 2,173 Est. Cost $307.87 Unrealized +6.9%

SHOP SHOPIFY INC 0.1%

Value $1.309M Shares 11,032 Est. Cost $97.36 Unrealized +40.1%

PDS PRECISION DRILLING CORP 0.0%

Value $332K Shares 3,373 Est. Cost $61.41 Unrealized +30.8%

FCX FREEPORT MCMORAN INC 0.1%

Value $1.305M Shares 22,135 Est. Cost $43.47 Unrealized +40.6%

TAC TRANSALTA CORP 0.1%

Value $947K Shares 72,056 Est. Cost $11.41 Unrealized +13.2%

UUUU ENERGY FUELS INC 0.0%

Value $234K Shares 12,751 Est. Cost $6.19 Unrealized +249.2%

TSLA TESLA INC 0.0%

Value $420K Shares 1,126 Est. Cost $348.21 Unrealized +22.3%

DRI DARDEN RESTAURANTS INC 0.0%

Value $387K Shares 1,974 Est. Cost $182.09 Unrealized +13.9%

ABCB AMERIS BANCORP 0.0%

Value $446K Shares 5,701 Est. Cost $64.59 Unrealized +25.5%

UBER UBER TECHNOLOGIES INC 0.1%

Value $1.598M Shares 22,158 Est. Cost $74.81 Unrealized +5.2%

UNP UNION PAC CORP 0.1%

Value $813K Shares 3,350 Est. Cost $228.07 Unrealized +6.7%

SNA SNAP ON INC 0.0%

Value $365K Shares 1,005 Est. Cost $340.47 Unrealized +9.1%

NEM NEWMONT CORP 0.0%

Value $260K Shares 2,872 Est. Cost $90.20 Unrealized +31.0%

FNV FRANCO NEV CORP 0.0%

Value $416K Shares 1,682 Est. Cost $125.28 Unrealized +96.2%

MO ALTRIA GROUP INC 0.1%

Value $941K Shares 14,251 Est. Cost $52.52 Unrealized +20.0%

DGRO ISHARES TR 0.0%

Value $282K Shares 4,001 Est. Cost $61.37 Unrealized —

TRV TRAVELERS COMPANIES INC 0.1%

Value $1.066M Shares 3,648 Est. Cost $244.86 Unrealized +17.8%

HIG HARTFORD INSURANCE GROUP INC 0.0%

Value $204K Shares 1,501 Est. Cost $127.36 Unrealized +7.4%

APH AMPHENOL CORP 0.0%

Value $220K Shares 1,741 Est. Cost $109.40 Unrealized +33.8%

ICSH ISHARES TR 0.0%

Value $378K Shares 7,447 Est. Cost $50.50 Unrealized —

NVS NOVARTIS AG 0.1%

Value $1.239M Shares 8,091 Est. Cost $138.70 Unrealized —

ABBV ABBVIE INC 0.0%

Value $430K Shares 1,977 Est. Cost $227.54 Unrealized -2.2%

TIP ISHARES TR 0.0%

Value $362K Shares 3,301 Est. Cost $106.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RY	ROYAL BK CDA	503,889	$81.44M	6.8%	$125.46	+35.5%	COM	780087102
SU	SUNCOR ENERGY INC NEW	293,897	$19.43M	1.6%	$37.81	+37.0%	COM	867224107
ENB	ENBRIDGE INC	823,668	$44.83M	3.7%	$39.65	+22.5%	COM	29250N105
BNS	BANK NOVA SCOTIA B C	632,459	$43.86M	3.7%	$52.85	+41.8%	COM	064149107
EMR	EMERSON ELEC CO	132,889	$17.46M	1.5%	$119.24	+24.5%	COM	291011104
ING	ING GROEP N.V.	712,635	$18.62M	1.6%	$15.93	—	SPONSORED ADR	456837103
CVX	CHEVRON CORPORATION	70,702	$14.67M	1.2%	$145.75	+17.9%	COM	166764100
BAM	BROOKFIELD ASSET MANAGMT LTD	341,610	$15.19M	1.3%	$52.23	-1.5%	CL A LMT VTG SHS	113004105
AXP	AMERICAN EXPRESS CO	26,369	$7.999M	0.7%	$283.58	+25.6%	COM	025816109
CNI	CANADIAN NATL RY CO	249,906	$25.72M	2.1%	$106.24	-3.9%	COM	136375102
DUK	DUKE ENERGY CORP NEW	124,370	$16.33M	1.4%	$109.02	+10.9%	COM NEW	26441C204
MCD	MCDONALDS CORP	54,320	$16.93M	1.4%	$290.49	+9.2%	COM	580135101
PBA	PEMBINA PIPELINE CORP	266,886	$11.96M	1.0%	$39.07	+4.9%	COM	706327103
MGA	MAGNA INTL INC	210,434	$11.75M	1.0%	$40.83	+40.2%	COM	559222401
RCI	ROGERS COMMUNICATIONS INC	371,138	$14.27M	1.2%	$33.86	+10.3%	CL B	775109200
FTS	FORTIS INC	307,724	$17.16M	1.4%	$42.23	+26.5%	COM	349553107
AEP	AMERICAN ELEC PWR CO INC	41,959	$5.515M	0.5%	$93.11	+29.5%	COM	025537101
ABCL	ABCELLERA BIOLOGICS INC	1,786,415	$6.253M	0.5%	$2.78	+31.4%	COM	00288U106
GLW	CORNING INC	15,721	$2.142M	0.2%	$46.35	+141.0%	COM	219350105
SBUX	STARBUCKS CORP	57,160	$5.135M	0.4%	$93.04	+0.6%	COM	855244109
SPY	STATE STR SPDR S&P 500 ETF T	12,040	$7.852M	0.7%	$591.73	—	TR UNIT	78462F103
DIS	DISNEY WALT CO	32,991	$3.188M	0.3%	$103.57	+5.7%	COM	254687106
EMA	EMERA INC	186,438	$9.665M	0.8%	$43.62	+14.1%	COM	290876101
SHEL	SHELL PLC	18,601	$1.73M	0.1%	$78.76	—	SPON ADS	780259305
GEV	GE VERNOVA INC	1,532	$1.341M	0.1%	$609.04	+21.0%	COM	36828A101
AFL	AFLAC INC	72,588	$7.985M	0.7%	$106.78	+4.2%	COM	001055102
ADP	AUTOMATIC DATA PROCESSING IN	5,127	$1.044M	0.1%	$285.45	-15.6%	COM	053015103
RKLB	ROCKET LAB CORP	16,000	$1.028M	0.1%	$57.32	+38.3%	COM	773121108
PHYS	SPROTT ASSET MANAGEMENT LP	85,261	$3.022M	0.3%	$37.14	—	PHYSICAL GOLD TR	85207H104
SNY	SANOFI SA	204,086	$9.86M	0.8%	$49.10	—	SPONSORED ADR	80105N105
PM	PHILIP MORRIS INTL INC	7,441	$1.23M	0.1%	$128.20	+37.2%	COM	718172109
TECK	TECK RESOURCES LTD	29,501	$1.526M	0.1%	$46.73	+17.7%	CL B	878742204
META	META PLATFORMS INC	1,135	$651K	0.1%	$609.55	+7.5%	CL A	30303M102
PFE	PFIZER INC	67,721	$1.906M	0.2%	$25.07	+4.4%	COM	717081103
MS	MORGAN STANLEY	6,209	$1.022M	0.1%	$166.47	+7.9%	COM NEW	617446448
BAC	BANK AMERICA CORP	15,165	$741K	0.1%	$43.55	+23.2%	COM	060505104
CME	CME GROUP INC	19,910	$5.895M	0.5%	$233.98	+23.7%	COM	12572Q105
CL	COLGATE PALMOLIVE CO	7,461	$637K	0.1%	$85.01	+4.4%	COM	194162103
SOBO	SOUTH BOW CORP	13,937	$463K	0.0%	$22.97	+24.0%	COM	83671M105
INTU	INTUIT	5,429	$2.354M	0.2%	$637.94	-22.0%	COM	461202103
V	VISA INC	2,173	$659K	0.1%	$307.87	+6.9%	COM CL A	92826C839
SHOP	SHOPIFY INC	11,032	$1.309M	0.1%	$97.36	+40.1%	CL A SUB VTG SHS	82509L107
PDS	PRECISION DRILLING CORP	3,373	$332K	0.0%	$61.41	+30.8%	COM NEW	74022D407
FCX	FREEPORT MCMORAN INC	22,135	$1.305M	0.1%	$43.47	+40.6%	CL B	35671D857
TAC	TRANSALTA CORP	72,056	$947K	0.1%	$11.41	+13.2%	COM	89346D107
UUUU	ENERGY FUELS INC	12,751	$234K	0.0%	$6.19	+249.2%	COM NEW	292671708
TSLA	TESLA INC	1,126	$420K	0.0%	$348.21	+22.3%	COM	88160R101
DRI	DARDEN RESTAURANTS INC	1,974	$387K	0.0%	$182.09	+13.9%	COM	237194105
ABCB	AMERIS BANCORP	5,701	$446K	0.0%	$64.59	+25.5%	COM	03076K108
UBER	UBER TECHNOLOGIES INC	22,158	$1.598M	0.1%	$74.81	+5.2%	COM	90353T100
UNP	UNION PAC CORP	3,350	$813K	0.1%	$228.07	+6.7%	COM	907818108
SNA	SNAP ON INC	1,005	$365K	0.0%	$340.47	+9.1%	COM	833034101
NEM	NEWMONT CORP	2,872	$260K	0.0%	$90.20	+31.0%	COM	651639106
FNV	FRANCO NEV CORP	1,682	$416K	0.0%	$125.28	+96.2%	COM	351858105
MO	ALTRIA GROUP INC	14,251	$941K	0.1%	$52.52	+20.0%	COM	02209S103
DGRO	ISHARES TR	4,001	$282K	0.0%	$61.37	—	CORE DIV GRWTH	46434V621
TRV	TRAVELERS COMPANIES INC	3,648	$1.066M	0.1%	$244.86	+17.8%	COM	89417E109
HIG	HARTFORD INSURANCE GROUP INC	1,501	$204K	0.0%	$127.36	+7.4%	COM	416515104
APH	AMPHENOL CORP	1,741	$220K	0.0%	$109.40	+33.8%	CL A	032095101
ICSH	ISHARES TR	7,447	$378K	0.0%	$50.50	—	ULTRA SHORT DUR	46434V878
NVS	NOVARTIS AG	8,091	$1.239M	0.1%	$138.70	—	SPONSORED ADR	66987V109
ABBV	ABBVIE INC	1,977	$430K	0.0%	$227.54	-2.2%	COM	00287Y109
TIP	ISHARES TR	3,301	$362K	0.0%	$106.98	—	TIPS BD ETF	464287176