PRING TURNER CAPITAL GROUP INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HD	HOME DEPOT INC COM	13,899 (+1.2%)	$4,783 (-14.1%)	3.0%	$324.19	+12.5%	COM	437076102
GOOG	ALPHABET INC CAP STK CL C	4,523 (+27.6%)	$1,419 (+64.3%)	0.9%	$166.77	+71.7%	CAP STK CL C	02079K107
NOBL	PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	73,491 (+5.9%)	$7,648 (+6.9%)	4.7%	$102.32	—	S&P 500 DV ARIST	74348A467
PSA	PUBLIC STORAGE COM	19,074 (+1.5%)	$4,950 (-8.8%)	3.1%	$209.78	+32.2%	COM	74460D109
CPT	CAMDEN PPTY TR SH BEN INT	12,290 (+17.7%)	$1,353 (+21.4%)	0.8%	$109.49	-5.8%	COM	133131102
TPL	TEXAS PACIFIC LAND CORPORATION COM	13,629 (+208.6%)	$3,915 (-5.1%)	2.4%	$289.98	+5.2%	COM	88262P102
CHH	CHOICE HOTELS INTL INC COM	11,021 (+26.3%)	$1,050 (+12.6%)	0.6%	$113.62	-16.5%	COM	169905106
BRK/B	BERKSHIRE HATHAWAY INC DEL	7,321 (+2.0%)	$3,680 (+2.0%)	2.3%	$294.39	+69.0%	CL B NEW	084670702
PAR	PAR TECHNOLOGY CORP COM	6,916 (+27.2%)	$251 (+16.6%)	0.2%	$58.35	-38.2%	COM	698884103
MAA	MID-AMER APT CMNTYS INC	37,772 (+1.1%)	$5,247 (+0.5%)	3.2%	$132.19	+0.6%	COM	59522J103
UNP	UNION PAC CORP COM	20,370 (+1.9%)	$4,712 (-0.3%)	2.9%	$118.79	+91.4%	COM	907818108
TSLA	TESLA INC COM	672 (+1.1%)	$302 (+2.2%)	0.2%	$303.77	+45.9%	COM	88160R101

Exited Positions (3)

AMT AMERICAN TOWER CORP NEW COM 0.2%

Value ($000) $285 Shares 1,484 Est. Cost $180.99 Unrealized -0.4%

RACE FERRARI N V COM 0.1%

Value ($000) $222 Shares 458 Est. Cost $464.62 Unrealized -13.9%

VZ VERIZON COMMUNICATIONS INC COM 0.1%

Value ($000) $218 Shares 4,951 Est. Cost $39.58 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW COM	1,484	$285	0.2%	$180.99	-0.4%	—	03027X100
RACE	FERRARI N V COM	458	$222	0.1%	$464.62	-13.9%	—	N3167Y103
VZ	VERIZON COMMUNICATIONS INC COM	4,951	$218	0.1%	$39.58	+2.3%	—	92343V104

Decreased Positions (19)

ORCL ORACLE CORPORATION 4.1%

Value ($000) $6,573 (-31.7%) Shares 33,725 (-1.4%) Est. Cost $82.88 Unrealized +187.2%

CLX CLOROX CO DEL COM 0.2%

Value ($000) $317 (-88.8%) Shares 3,140 (-86.3%) Est. Cost $136.38 Unrealized -20.6%

CMI CUMMINS INC COM 4.9%

Value ($000) $7,981 (+18.0%) Shares 15,636 (-2.4%) Est. Cost $134.24 Unrealized +247.4%

OXY OCCIDENTAL PETE CORP COM 1.6%

Value ($000) $2,522 (-21.9%) Shares 61,328 (-10.2%) Est. Cost $55.13 Unrealized -24.6%

WFC WELLS FARGO CO NEW 2.1%

Value ($000) $3,363 (+9.2%) Shares 36,080 (-1.8%) Est. Cost $33.96 Unrealized +155.1%

ATO ATMOS ENERGY CORP COM 2.4%

Value ($000) $3,912 (-6.2%) Shares 23,338 (-4.4%) Est. Cost $87.09 Unrealized +97.8%

SCHW CHARLES SCHWAB CORP 4.6%

Value ($000) $7,476 (+3.5%) Shares 74,825 (-1.1%) Est. Cost $71.78 Unrealized +32.0%

IDA IDACORP INC COM 1.7%

Value ($000) $2,783 (-8.1%) Shares 21,986 (-4.0%) Est. Cost $104.77 Unrealized +24.2%

FNV FRANCO-NEVADA CORP COM 1.1%

Value ($000) $1,804 (-9.8%) Shares 8,704 (-3.0%) Est. Cost $118.11 Unrealized +71.7%

SPY STATE STREET SPDR S&P 500 ETF 0.2%

Value ($000) $303 (-32.3%) Shares 444 (-33.8%) Est. Cost $360.60 Unrealized —

WPM WHEATON PRECIOUS METALS CORP COM 3.0%

Value ($000) $4,812 (+2.4%) Shares 40,942 (-2.6%) Est. Cost $34.64 Unrealized +209.1%

LLY ELI LILLY & CO COM 0.2%

Value ($000) $399 (+39.0%) Shares 371 (-1.3%) Est. Cost $364.37 Unrealized +162.3%

GIS GENERAL MILLS INC COM 0.2%

Value ($000) $372 (-22.3%) Shares 8,000 (-15.8%) Est. Cost $65.06 Unrealized -27.1%

PM PHILIP MORRIS INTL INC 0.2%

Value ($000) $260 (-17.2%) Shares 1,618 (-16.3%) Est. Cost $91.29 Unrealized +68.2%

SRE SEMPRA COM 0.2%

Value ($000) $300 (-4.7%) Shares 3,400 (-2.9%) Est. Cost $68.21 Unrealized +32.7%

KO COCA COLA CO COM 0.2%

Value ($000) $288 (+3.9%) Shares 4,123 (-1.4%) Est. Cost $35.39 Unrealized +96.1%

KKR KKR & CO INC COM 0.2%

Value ($000) $290 (-3.6%) Shares 2,275 (-1.7%) Est. Cost $91.66 Unrealized +35.6%

GE GENERAL ELECTRIC CO COM NEW 1.0%

Value ($000) $1,629 (+0.5%) Shares 5,287 (-1.9%) Est. Cost $59.11 Unrealized +408.9%

RGLD ROYAL GOLD INC COM 2.2%

Value ($000) $3,505 (+0.2%) Shares 15,769 (-9.6%) Est. Cost $103.22 Unrealized +92.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORPORATION	33,725 (-1.4%)	$6,573 (-31.7%)	4.1%	$82.88	+187.2%	COM	68389X105
CLX	CLOROX CO DEL COM	3,140 (-86.3%)	$317 (-88.8%)	0.2%	$136.38	-20.6%	COM	189054109
CMI	CUMMINS INC COM	15,636 (-2.4%)	$7,981 (+18.0%)	4.9%	$134.24	+247.4%	COM	231021106
OXY	OCCIDENTAL PETE CORP COM	61,328 (-10.2%)	$2,522 (-21.9%)	1.6%	$55.13	-24.6%	COM	674599105
WFC	WELLS FARGO CO NEW	36,080 (-1.8%)	$3,363 (+9.2%)	2.1%	$33.96	+155.1%	COM	949746101
ATO	ATMOS ENERGY CORP COM	23,338 (-4.4%)	$3,912 (-6.2%)	2.4%	$87.09	+97.8%	COM	049560105
SCHW	CHARLES SCHWAB CORP	74,825 (-1.1%)	$7,476 (+3.5%)	4.6%	$71.78	+32.0%	COM	808513105
IDA	IDACORP INC COM	21,986 (-4.0%)	$2,783 (-8.1%)	1.7%	$104.77	+24.2%	COM	451107106
FNV	FRANCO-NEVADA CORP COM	8,704 (-3.0%)	$1,804 (-9.8%)	1.1%	$118.11	+71.7%	COM	351858105
SPY	STATE STREET SPDR S&P 500 ETF	444 (-33.8%)	$303 (-32.3%)	0.2%	$360.60	—	TR UNIT	78462F103
WPM	WHEATON PRECIOUS METALS CORP COM	40,942 (-2.6%)	$4,812 (+2.4%)	3.0%	$34.64	+209.1%	COM	962879102
LLY	ELI LILLY & CO COM	371 (-1.3%)	$399 (+39.0%)	0.2%	$364.37	+162.3%	COM	532457108
GIS	GENERAL MILLS INC COM	8,000 (-15.8%)	$372 (-22.3%)	0.2%	$65.06	-27.1%	COM	370334104
PM	PHILIP MORRIS INTL INC	1,618 (-16.3%)	$260 (-17.2%)	0.2%	$91.29	+68.2%	COM	718172109
SRE	SEMPRA COM	3,400 (-2.9%)	$300 (-4.7%)	0.2%	$68.21	+32.7%	COM	816851109
KO	COCA COLA CO COM	4,123 (-1.4%)	$288 (+3.9%)	0.2%	$35.39	+96.1%	COM	191216100
KKR	KKR & CO INC COM	2,275 (-1.7%)	$290 (-3.6%)	0.2%	$91.66	+35.6%	COM	48251W104
GE	GENERAL ELECTRIC CO COM NEW	5,287 (-1.9%)	$1,629 (+0.5%)	1.0%	$59.11	+408.9%	COM	369604301
RGLD	ROYAL GOLD INC COM	15,769 (-9.6%)	$3,505 (+0.2%)	2.2%	$103.22	+92.2%	COM	780287108

Unchanged Positions (35)

PLD PROLOGIS INC. COM 3.9%

Value ($000) $6,227 Shares 48,776 Est. Cost $111.17 Unrealized +11.4%

AXP AMERICAN EXPRESS CO COM 3.9%

Value ($000) $6,258 Shares 16,916 Est. Cost $142.37 Unrealized +150.7%

ETN EATON CORP PLC SHS 2.1%

Value ($000) $3,353 Shares 10,528 Est. Cost $93.37 Unrealized +279.6%

SCCO SOUTHERN PERU COPPER CORP 2.3%

Value ($000) $3,638 Shares 25,359 Est. Cost $97.73 Unrealized +35.8%

MSFT MICROSOFT CORP COM 2.8%

Value ($000) $4,493 Shares 9,291 Est. Cost $97.06 Unrealized +415.7%

TXN TEXAS INSTRS INC COM 3.8%

Value ($000) $6,151 Shares 35,455 Est. Cost $170.93 Unrealized -0.1%

BAC BANK AMERICA CORP COM 3.0%

Value ($000) $4,855 Shares 88,275 Est. Cost $34.74 Unrealized +51.6%

MCK MCKESSON CORP COM 3.0%

Value ($000) $4,903 Shares 5,977 Est. Cost $156.64 Unrealized +420.7%

RTX RTX CORPORATION COM 1.5%

Value ($000) $2,467 Shares 13,450 Est. Cost $83.89 Unrealized +106.6%

META META PLATFORMS INC CL A 0.9%

Value ($000) $1,474 Shares 2,233 Est. Cost $212.60 Unrealized +213.9%

AAPL APPLE INC 1.5%

Value ($000) $2,485 Shares 9,141 Est. Cost $126.03 Unrealized +112.9%

KMI KINDER MORGAN INC DEL COM 2.5%

Value ($000) $3,975 Shares 144,592 Est. Cost $14.11 Unrealized +90.7%

MRK MERCK & CO 0.4%

Value ($000) $683 Shares 6,485 Est. Cost $70.42 Unrealized +32.4%

VSAT VIASAT INC COM 0.5%

Value ($000) $810 Shares 23,500 Est. Cost $33.48 Unrealized +5.4%

XOM EXXON MOBIL CORP COM 1.1%

Value ($000) $1,740 Shares 14,460 Est. Cost $69.15 Unrealized +67.0%

CARR CARRIER GLOBAL CORPORATION COM 0.5%

Value ($000) $801 Shares 15,150 Est. Cost $41.49 Unrealized +33.8%

CVX CHEVRON CORP NEW 2.5%

Value ($000) $3,977 Shares 26,092 Est. Cost $114.86 Unrealized +31.8%

JNJ JOHNSON & JOHNSON COM 0.6%

Value ($000) $935 Shares 4,516 Est. Cost $145.97 Unrealized +35.0%

GEV GE VERNOVA INC COM 0.6%

Value ($000) $946 Shares 1,448 Est. Cost $158.10 Unrealized +285.2%

PG PROCTER & GAMBLE CO COM 0.4%

Value ($000) $688 Shares 4,803 Est. Cost $136.80 Unrealized +7.6%

CSCO CISCO SYS INC COM 0.2%

Value ($000) $347 Shares 4,501 Est. Cost $24.55 Unrealized +200.6%

OTIS OTIS WORLDWIDE CORP COM 0.4%

Value ($000) $662 Shares 7,575 Est. Cost $70.16 Unrealized +27.2%

GPC GENUINE PARTS CO COM 0.1%

Value ($000) $240 Shares 1,950 Est. Cost $117.98 Unrealized +9.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 0.2%

Value ($000) $243 Shares 800 Est. Cost $279.29 Unrealized —

DRI DARDEN RESTAURANTS INC 0.3%

Value ($000) $552 Shares 3,000 Est. Cost $126.33 Unrealized +44.1%

EME EMCOR GROUP INC COM 0.2%

Value ($000) $245 Shares 401 Est. Cost $440.85 Unrealized +46.9%

ELS EQUITY LIFESTYLE PROPERTIES COM 2.8%

Value ($000) $4,501 Shares 74,255 Est. Cost $79.51 Unrealized —

CHD CHURCH & DWIGHT CO INC COM 0.2%

Value ($000) $259 Shares 3,090 Est. Cost $87.00 Unrealized -2.0%

AMZN AMAZON.COM INC 0.1%

Value ($000) $231 Shares 1,000 Est. Cost $197.89 Unrealized +15.6%

CI THE CIGNA GROUP 0.1%

Value ($000) $237 Shares 860 Est. Cost $249.96 Unrealized +11.7%

JPM JPMORGAN CHASE & CO COM 0.3%

Value ($000) $421 Shares 1,305 Est. Cost $178.28 Unrealized +73.6%

ALL ALLSTATE CORP 0.1%

Value ($000) $208 Shares 1,000 Est. Cost $191.27 Unrealized +6.7%

SCHA SCHWAB ETFS- US SMALL-CAP ETF 0.2%

Value ($000) $267 Shares 9,362 Est. Cost $36.32 Unrealized —

AMP AMERIPRISE FINL INC COM 1.0%

Value ($000) $1,557 Shares 3,176 Est. Cost $251.95 Unrealized +88.1%

EMR EMERSON ELEC CO COM 0.1%

Value ($000) $213 Shares 1,606 Est. Cost $81.85 Unrealized +61.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	PROLOGIS INC. COM	48,776	$6,227	3.9%	$111.17	+11.4%	COM	74340W103
AXP	AMERICAN EXPRESS CO COM	16,916	$6,258	3.9%	$142.37	+150.7%	COM	025816109
ETN	EATON CORP PLC SHS	10,528	$3,353	2.1%	$93.37	+279.6%	COM	G29183103
SCCO	SOUTHERN PERU COPPER CORP	25,359	$3,638	2.3%	$97.73	+35.8%	COM	84265V105
MSFT	MICROSOFT CORP COM	9,291	$4,493	2.8%	$97.06	+415.7%	COM	594918104
TXN	TEXAS INSTRS INC COM	35,455	$6,151	3.8%	$170.93	-0.1%	COM	882508104
BAC	BANK AMERICA CORP COM	88,275	$4,855	3.0%	$34.74	+51.6%	COM	060505104
MCK	MCKESSON CORP COM	5,977	$4,903	3.0%	$156.64	+420.7%	COM	58155Q103
RTX	RTX CORPORATION COM	13,450	$2,467	1.5%	$83.89	+106.6%	COM	75513E101
META	META PLATFORMS INC CL A	2,233	$1,474	0.9%	$212.60	+213.9%	CL A	30303M102
AAPL	APPLE INC	9,141	$2,485	1.5%	$126.03	+112.9%	COM	037833100
KMI	KINDER MORGAN INC DEL COM	144,592	$3,975	2.5%	$14.11	+90.7%	COM	49456B101
MRK	MERCK & CO	6,485	$683	0.4%	$70.42	+32.4%	COM	58933Y105
VSAT	VIASAT INC COM	23,500	$810	0.5%	$33.48	+5.4%	COM	92552V100
XOM	EXXON MOBIL CORP COM	14,460	$1,740	1.1%	$69.15	+67.0%	COM	30231G102
CARR	CARRIER GLOBAL CORPORATION COM	15,150	$801	0.5%	$41.49	+33.8%	COM	14448C104
CVX	CHEVRON CORP NEW	26,092	$3,977	2.5%	$114.86	+31.8%	COM	166764100
JNJ	JOHNSON & JOHNSON COM	4,516	$935	0.6%	$145.97	+35.0%	COM	478160104
GEV	GE VERNOVA INC COM	1,448	$946	0.6%	$158.10	+285.2%	COM	36828A101
PG	PROCTER & GAMBLE CO COM	4,803	$688	0.4%	$136.80	+7.6%	COM	742718109
CSCO	CISCO SYS INC COM	4,501	$347	0.2%	$24.55	+200.6%	COM	17275R102
OTIS	OTIS WORLDWIDE CORP COM	7,575	$662	0.4%	$70.16	+27.2%	COM	68902V107
GPC	GENUINE PARTS CO COM	1,950	$240	0.1%	$117.98	+9.1%	COM	372460105
TSM	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	800	$243	0.2%	$279.29	—	SPONSORED ADS	874039100
DRI	DARDEN RESTAURANTS INC	3,000	$552	0.3%	$126.33	+44.1%	COM	237194105
EME	EMCOR GROUP INC COM	401	$245	0.2%	$440.85	+46.9%	COM	29084Q100
ELS	EQUITY LIFESTYLE PROPERTIES COM	74,255	$4,501	2.8%	$79.51	—	COM	29472R108
CHD	CHURCH & DWIGHT CO INC COM	3,090	$259	0.2%	$87.00	-2.0%	COM	171340102
AMZN	AMAZON.COM INC	1,000	$231	0.1%	$197.89	+15.6%	COM	023135106
CI	THE CIGNA GROUP	860	$237	0.1%	$249.96	+11.7%	COM	125523100
JPM	JPMORGAN CHASE & CO COM	1,305	$421	0.3%	$178.28	+73.6%	COM	46625H100
ALL	ALLSTATE CORP	1,000	$208	0.1%	$191.27	+6.7%	COM	020002101
SCHA	SCHWAB ETFS- US SMALL-CAP ETF	9,362	$267	0.2%	$36.32	—	US SMALL-CAP ETF	808524607
AMP	AMERIPRISE FINL INC COM	3,176	$1,557	1.0%	$251.95	+88.1%	COM	03076C106
EMR	EMERSON ELEC CO COM	1,606	$213	0.1%	$81.85	+61.7%	COM	291011104