Cumberland Partners Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZN	ASTRAZENECA PLC	145,746	$28,744	2.2%	$190.39	0.0%	ORD	G0593M107
UNP	UNION PAC CORP	73,753	$17,894	1.4%	$243.32	0.0%	COM	907818108
MDALF	MDA SPACE LTD	185,700	$4,691	0.4%	$25.60	0.0%	COM	55293N109
GRID	FIRST TR EXCHANGE-TRADED FD	22,591	$3,695	0.3%	$163.58	—	NASDQ CLN EDGE	33737A108
FIX	COMFORT SYS USA INC	2,000	$2,758	0.2%	$1196.06	0.0%	COM	199908104
LRCX	LAM RESEARCH CORP	12,500	$2,671	0.2%	$225.94	0.0%	COM NEW	512807306
TPR	TAPESTRY INC	17,000	$2,399	0.2%	$139.57	0.0%	COM	876030107
MU	MICRON TECHNOLOGY INC	6,900	$2,331	0.2%	$387.04	0.0%	COM	595112103
CB	CHUBB LTD SWITZ	5,000	$1,630	0.1%	$316.22	0.0%	COM	H1467J104
JXI	ISHARES TR	14,613	$1,262	0.1%	$86.34	—	GLOB UTILITS ETF	464288711
RIO	RIO TINTO PLC	12,700	$1,185	0.1%	$93.29	—	SPONSORED ADR	767204100
SCHW	SCHWAB CHARLES CORP	12,332	$1,159	0.1%	$100.12	0.0%	COM	808513105
REGN	REGENERON PHARMACEUTICALS	1,500	$1,159	0.1%	$769.15	0.0%	COM	75886F107
VLO	VALERO ENERGY CORP	4,600	$1,137	0.1%	$190.06	0.0%	COM	91913Y100
AEM	AGNICO EAGLE MINES LTD	5,450	$1,103	0.1%	$206.02	0.0%	COM	008474108
TFII	TRANSFORCE INC	9,710	$1,055	0.1%	$114.05	0.0%	COM	87241L109
ZTS	ZOETIS INC	8,900	$1,052	0.1%	$125.98	0.0%	CL A	98978V103
ARIS	ARIS MINING CORPORATION	54,600	$1,011	0.1%	$18.92	0.0%	COM	04040Y109
LVS	LAS VEGAS SANDS CORP	15,000	$808	0.1%	$58.39	0.0%	COM	517834107
RDDT	REDDIT INC	6,000	$808	0.1%	$189.65	0.0%	CL A	75734B100
FLSP	FRANKLIN TEMPLETON ETF TR	27,214	$740	0.1%	$27.20	—	SYSTMTC STYL PRE	35473P546
DG	DOLLAR GEN CORP	6,000	$712	0.1%	$147.69	0.0%	COM	256677105
QSR	RESTAURANT BRANDS INTL INC	5,400	$398	0.0%	$68.39	0.0%	COM	76131D103

Increased Positions (40)

AME AMETEK INC 2.3%

Value ($000) $30,768 (+549.8%) Shares 143,536 (+522.4%) Est. Cost $218.63 Unrealized +2.1%

CNQ CANADIAN NAT RES LTD MED TER 2.3%

Value ($000) $30,359 (+243.9%) Shares 623,704 (+139.6%) Est. Cost $32.77 Unrealized +13.5%

NFLX NETFLIX INC. 2.2%

Value ($000) $28,660 (+148.2%) Shares 298,074 (+142.0%) Est. Cost $93.41 Unrealized -10.3%

GIL GILDAN ACTIVEWEAR INC 1.4%

Value ($000) $18,074 (+1150.8%) Shares 325,168 (+1307.7%) Est. Cost $66.49 Unrealized +1.4%

PHM PULTE GROUP INC 1.9%

Value ($000) $25,118 (+73.3%) Shares 213,571 (+72.8%) Est. Cost $126.22 Unrealized +4.1%

APH AMPHENOL CORP 2.3%

Value ($000) $30,840 (+50.0%) Shares 244,081 (+60.5%) Est. Cost $110.24 Unrealized +32.8%

TJX TJX COS INC NEW 1.4%

Value ($000) $18,309 (+125.7%) Shares 114,648 (+117.1%) Est. Cost $145.49 Unrealized +6.0%

COST COSTCO WHOLESALE CORPORATION 3.4%

Value ($000) $45,369 (+24.1%) Shares 45,532 (+7.4%) Est. Cost $350.73 Unrealized +174.8%

LIN LINDE PLC 2.8%

Value ($000) $37,000 (+19.9%) Shares 74,633 (+3.2%) Est. Cost $327.28 Unrealized +40.6%

LLY ELI LILLY & CO 2.5%

Value ($000) $33,328 (-9.1%) Shares 36,235 (+6.2%) Est. Cost $786.33 Unrealized +33.2%

FERG FERGUSON ENTERPRISES INC 0.3%

Value ($000) $3,830 (+666.3%) Shares 16,419 (+631.4%) Est. Cost $247.47 Unrealized +1.5%

PFE PFIZER INC 0.4%

Value ($000) $5,387 (+65.7%) Shares 191,855 (+46.9%) Est. Cost $25.43 Unrealized +2.9%

SII SPROTT INC 0.4%

Value ($000) $5,150 (+62.6%) Shares 36,200 (+12.1%) Est. Cost $75.59 Unrealized +64.2%

CNI CANADIAN NATL RY CO 0.3%

Value ($000) $3,381 (+141.3%) Shares 32,950 (+132.9%) Est. Cost $99.55 Unrealized +2.6%

BGSI BOYD GROUP SERVICES INC 0.3%

Value ($000) $3,932 (+88.2%) Shares 30,900 (+135.9%) Est. Cost $163.75 Unrealized +1.6%

JPM JPMORGAN CHASE & CO 0.8%

Value ($000) $11,166 (+17.8%) Shares 37,958 (+29.0%) Est. Cost $305.47 Unrealized +1.9%

RPRX ROYALTY PHARMA PLC 0.2%

Value ($000) $2,399 (+77.4%) Shares 50,000 (+42.9%) Est. Cost $39.38 Unrealized +7.4%

CTA SIMPLIFY EXCHANGE TRADED FUN 0.3%

Value ($000) $3,792 (+26.1%) Shares 125,469 (+13.7%) Est. Cost $29.62 Unrealized —

ENB ENBRIDGE INC 0.1%

Value ($000) $1,292 (+88.2%) Shares 23,900 (+66.6%) Est. Cost $37.17 Unrealized +30.7%

RSG REPUBLIC SVCS INC 0.2%

Value ($000) $2,990 (+21.1%) Shares 13,650 (+17.2%) Est. Cost $170.30 Unrealized +27.2%

EFA ISHARES TR 0.2%

Value ($000) $2,765 (+15.6%) Shares 28,467 (+14.3%) Est. Cost $90.36 Unrealized —

MFC MANULIFE FINL CORP 0.1%

Value ($000) $686 (+78.7%) Shares 19,962 (+89.0%) Est. Cost $35.43 Unrealized +4.7%

SCHO SCHWAB STRATEGIC TR 0.1%

Value ($000) $1,118 (+26.2%) Shares 46,048 (+26.7%) Est. Cost $33.15 Unrealized —

IAG IAMGOLD CORP 0.0%

Value ($000) $628 (+38.7%) Shares 33,500 (+22.3%) Est. Cost $15.12 Unrealized +30.8%

IGIB ISHARES TR 0.1%

Value ($000) $1,860 (+9.7%) Shares 34,953 (+11.1%) Est. Cost $53.32 Unrealized —

CLS CELESTICA INC 0.1%

Value ($000) $832 (+22.7%) Shares 2,960 (+29.3%) Est. Cost $167.85 Unrealized +79.3%

ADI ANALOG DEVICES INC 0.0%

Value ($000) $439 (+53.8%) Shares 1,379 (+31.1%) Est. Cost $257.94 Unrealized +22.6%

USIG ISHARES TR 0.1%

Value ($000) $1,148 (+14.5%) Shares 22,407 (+15.7%) Est. Cost $51.61 Unrealized —

EMR EMERSON ELEC CO 0.1%

Value ($000) $1,382 (+10.8%) Shares 10,550 (+12.2%) Est. Cost $107.07 Unrealized +38.7%

RBA RB GLOBAL INC 0.0%

Value ($000) $507 (+32.9%) Shares 5,300 (+43.2%) Est. Cost $104.11 Unrealized +5.6%

TLH ISHARES TR 0.1%

Value ($000) $1,203 (+9.2%) Shares 11,945 (+10.2%) Est. Cost $103.33 Unrealized —

KGC KINROSS GOLD CORP 0.0%

Value ($000) $485 (+22.7%) Shares 15,900 (+13.6%) Est. Cost $20.97 Unrealized +61.1%

BTGD TIDAL TRUST II 0.0%

Value ($000) $529 (-14.3%) Shares 19,338 (+7.5%) Est. Cost $41.12 Unrealized —

IGSB ISHARES TR 0.1%

Value ($000) $1,418 (+6.3%) Shares 26,977 (+6.9%) Est. Cost $52.42 Unrealized —

PFF ISHARES TR 0.0%

Value ($000) $269 (+14.1%) Shares 8,875 (+16.5%) Est. Cost $30.68 Unrealized —

SPHY SPDR SERIES TRUST 0.1%

Value ($000) $807 (+3.6%) Shares 34,596 (+5.1%) Est. Cost $23.70 Unrealized —

SJNK SPDR SERIES TRUST 0.0%

Value ($000) $247 (+10.1%) Shares 9,873 (+11.6%) Est. Cost $25.56 Unrealized —

SLF SUN LIFE FINANCIAL INC. 0.0%

Value ($000) $418 (+3.3%) Shares 6,678 (+3.2%) Est. Cost $56.51 Unrealized +13.6%

SRLN SSGA ACTIVE ETF TR 0.0%

Value ($000) $356 (+3.6%) Shares 8,869 (+6.5%) Est. Cost $41.21 Unrealized —

PFFA ETFIS SER TR I 0.0%

Value ($000) $329 (+3.1%) Shares 16,177 (+9.1%) Est. Cost $20.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AME	AMETEK INC	143,536 (+522.4%)	$30,768 (+549.8%)	2.3%	$218.63	+2.1%	COM	031100100
CNQ	CANADIAN NAT RES LTD MED TER	623,704 (+139.6%)	$30,359 (+243.9%)	2.3%	$32.77	+13.5%	COM	136385101
NFLX	NETFLIX INC.	298,074 (+142.0%)	$28,660 (+148.2%)	2.2%	$93.41	-10.3%	COM	64110L106
GIL	GILDAN ACTIVEWEAR INC	325,168 (+1307.7%)	$18,074 (+1150.8%)	1.4%	$66.49	+1.4%	COM	375916103
PHM	PULTE GROUP INC	213,571 (+72.8%)	$25,118 (+73.3%)	1.9%	$126.22	+4.1%	COM	745867101
APH	AMPHENOL CORP	244,081 (+60.5%)	$30,840 (+50.0%)	2.3%	$110.24	+32.8%	CL A	032095101
TJX	TJX COS INC NEW	114,648 (+117.1%)	$18,309 (+125.7%)	1.4%	$145.49	+6.0%	COM	872540109
COST	COSTCO WHOLESALE CORPORATION	45,532 (+7.4%)	$45,369 (+24.1%)	3.4%	$350.73	+174.8%	COM	22160K105
LIN	LINDE PLC	74,633 (+3.2%)	$37,000 (+19.9%)	2.8%	$327.28	+40.6%	SHS	G54950103
LLY	ELI LILLY & CO	36,235 (+6.2%)	$33,328 (-9.1%)	2.5%	$786.33	+33.2%	COM	532457108
FERG	FERGUSON ENTERPRISES INC	16,419 (+631.4%)	$3,830 (+666.3%)	0.3%	$247.47	+1.5%	COMMON STOCK NEW	31488V107
PFE	PFIZER INC	191,855 (+46.9%)	$5,387 (+65.7%)	0.4%	$25.43	+2.9%	COM	717081103
SII	SPROTT INC	36,200 (+12.1%)	$5,150 (+62.6%)	0.4%	$75.59	+64.2%	COM NEW	852066208
CNI	CANADIAN NATL RY CO	32,950 (+132.9%)	$3,381 (+141.3%)	0.3%	$99.55	+2.6%	COM	136375102
BGSI	BOYD GROUP SERVICES INC	30,900 (+135.9%)	$3,932 (+88.2%)	0.3%	$163.75	+1.6%	COM	103310108
JPM	JPMORGAN CHASE & CO	37,958 (+29.0%)	$11,166 (+17.8%)	0.8%	$305.47	+1.9%	COM	46625H100
RPRX	ROYALTY PHARMA PLC	50,000 (+42.9%)	$2,399 (+77.4%)	0.2%	$39.38	+7.4%	SHS CLASS A	G7709Q104
CTA	SIMPLIFY EXCHANGE TRADED FUN	125,469 (+13.7%)	$3,792 (+26.1%)	0.3%	$29.62	—	MANAGED FUTURES	82889N699
ENB	ENBRIDGE INC	23,900 (+66.6%)	$1,292 (+88.2%)	0.1%	$37.17	+30.7%	COM	29250N105
RSG	REPUBLIC SVCS INC	13,650 (+17.2%)	$2,990 (+21.1%)	0.2%	$170.30	+27.2%	COM	760759100
EFA	ISHARES TR	28,467 (+14.3%)	$2,765 (+15.6%)	0.2%	$90.36	—	MSCI EAFE ETF	464287465
MFC	MANULIFE FINL CORP	19,962 (+89.0%)	$686 (+78.7%)	0.1%	$35.43	+4.7%	COM	56501R106
SCHO	SCHWAB STRATEGIC TR	46,048 (+26.7%)	$1,118 (+26.2%)	0.1%	$33.15	—	SHT TM US TRES	808524862
IAG	IAMGOLD CORP	33,500 (+22.3%)	$628 (+38.7%)	0.0%	$15.12	+30.8%	COM	450913108
IGIB	ISHARES TR	34,953 (+11.1%)	$1,860 (+9.7%)	0.1%	$53.32	—	ISHS 5-10YR INVT	464288638
CLS	CELESTICA INC	2,960 (+29.3%)	$832 (+22.7%)	0.1%	$167.85	+79.3%	COM	15101Q207
ADI	ANALOG DEVICES INC	1,379 (+31.1%)	$439 (+53.8%)	0.0%	$257.94	+22.6%	COM	032654105
USIG	ISHARES TR	22,407 (+15.7%)	$1,148 (+14.5%)	0.1%	$51.61	—	USD INV GRDE ETF	464288620
EMR	EMERSON ELEC CO	10,550 (+12.2%)	$1,382 (+10.8%)	0.1%	$107.07	+38.7%	COM	291011104
RBA	RB GLOBAL INC	5,300 (+43.2%)	$507 (+32.9%)	0.0%	$104.11	+5.6%	COM	74935Q107
TLH	ISHARES TR	11,945 (+10.2%)	$1,203 (+9.2%)	0.1%	$103.33	—	10-20 YR TRS ETF	464288653
KGC	KINROSS GOLD CORP	15,900 (+13.6%)	$485 (+22.7%)	0.0%	$20.97	+61.1%	COM	496902404
BTGD	TIDAL TRUST II	19,338 (+7.5%)	$529 (-14.3%)	0.0%	$41.12	—	STKD 100 BITCOIN	88636R834
IGSB	ISHARES TR	26,977 (+6.9%)	$1,418 (+6.3%)	0.1%	$52.42	—	ISHS 1-5YR INVS	464288646
PFF	ISHARES TR	8,875 (+16.5%)	$269 (+14.1%)	0.0%	$30.68	—	PFD AND INCM SEC	464288687
SPHY	SPDR SERIES TRUST	34,596 (+5.1%)	$807 (+3.6%)	0.1%	$23.70	—	STATE STREET SPD	78468R606
SJNK	SPDR SERIES TRUST	9,873 (+11.6%)	$247 (+10.1%)	0.0%	$25.56	—	STATE STREET SPD	78468R408
SLF	SUN LIFE FINANCIAL INC.	6,678 (+3.2%)	$418 (+3.3%)	0.0%	$56.51	+13.6%	COM	866796105
SRLN	SSGA ACTIVE ETF TR	8,869 (+6.5%)	$356 (+3.6%)	0.0%	$41.21	—	STATE STREET BLA	78467V608
PFFA	ETFIS SER TR I	16,177 (+9.1%)	$329 (+3.1%)	0.0%	$20.90	—	VIRTUS INFRCAP	26923G822

Exited Positions (38)

SHOP SHOPIFY INC 3.3%

Value ($000) $43,850 Shares 272,184 Est. Cost $157.82 Unrealized -13.5%

AZN ASTRAZENECA PLC 0.9%

Value ($000) $11,529 Shares 125,412 Est. Cost $73.25 Unrealized —

GRTUF GRANITE REAL ESTATE INVT TR 0.6%

Value ($000) $7,563 Shares 126,910 Est. Cost $48.57 Unrealized —

MELI MERCADOLIBRE INC 0.4%

Value ($000) $5,136 Shares 2,550 Est. Cost $1634.71 Unrealized +26.4%

AJG GALLAGHER ARTHUR J & CO 0.4%

Value ($000) $4,923 Shares 19,022 Est. Cost $180.76 Unrealized +33.0%

EUFN ISHARES TR 0.4%

Value ($000) $4,678 Shares 126,135 Est. Cost $28.60 Unrealized —

ADBE ADOBE INC 0.3%

Value ($000) $4,200 Shares 12,000 Est. Cost $394.41 Unrealized -26.5%

CDNS CADENCE DESIGN SYSTEM INC 0.3%

Value ($000) $3,792 Shares 12,132 Est. Cost $293.95 Unrealized +3.2%

AON AON PLC 0.3%

Value ($000) $3,434 Shares 9,730 Est. Cost $381.29 Unrealized -11.9%

KKR KKR & CO INC 0.3%

Value ($000) $3,314 Shares 25,998 Est. Cost $141.13 Unrealized -18.7%

COF CAPITAL ONE FINL CORP 0.2%

Value ($000) $2,908 Shares 12,000 Est. Cost $219.45 Unrealized +1.7%

TRI THOMSON REUTERS CORP 0.2%

Value ($000) $2,513 Shares 19,022 Est. Cost $127.63 Unrealized -16.1%

KNSL KINSALE CAP GROUP INC 0.2%

Value ($000) $2,347 Shares 6,000 Est. Cost $407.67 Unrealized -3.5%

CELH CELSIUS HLDGS INC 0.2%

Value ($000) $2,287 Shares 50,000 Est. Cost $50.38 Unrealized +0.6%

FTNT FORTINET INC 0.2%

Value ($000) $2,144 Shares 27,000 Est. Cost $75.74 Unrealized +5.6%

PODD INSULET CORP 0.2%

Value ($000) $2,132 Shares 7,500 Est. Cost $313.31 Unrealized -15.6%

ARES ARES MANAGEMENT CORPORATION 0.1%

Value ($000) $1,792 Shares 11,090 Est. Cost $129.04 Unrealized +15.2%

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value ($000) $1,742 Shares 3,000 Est. Cost $398.66 Unrealized +24.7%

PAYC PAYCOM SOFTWARE INC 0.1%

Value ($000) $1,359 Shares 8,525 Est. Cost $204.99 Unrealized -32.7%

WCN WASTE CONNECTIONS INC 0.1%

Value ($000) $1,324 Shares 7,550 Est. Cost $160.92 Unrealized +4.0%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $1,185 Shares 4,000 Est. Cost $173.10 Unrealized +64.0%

COPX GLOBAL X FDS 0.1%

Value ($000) $1,077 Shares 15,000 Est. Cost $71.79 Unrealized —

FALN ISHARES TR 0.1%

Value ($000) $1,059 Shares 38,800 Est. Cost $26.48 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $1,050 Shares 50,000 Est. Cost $21.48 Unrealized —

QCOM QUALCOMM INC 0.1%

Value ($000) $966 Shares 5,650 Est. Cost $170.79 Unrealized -9.9%

ORCL ORACLE CORP 0.1%

Value ($000) $914 Shares 4,690 Est. Cost $169.53 Unrealized +0.1%

GDX VANECK ETF TRUST 0.1%

Value ($000) $895 Shares 10,440 Est. Cost $76.40 Unrealized —

EW EDWARDS LIFESCIENCES CORP 0.1%

Value ($000) $853 Shares 10,000 Est. Cost $82.07 Unrealized -0.1%

WRB BERKLEY W R CORP 0.1%

Value ($000) $825 Shares 11,765 Est. Cost $54.96 Unrealized +26.3%

CAH CARDINAL HEALTH INC 0.1%

Value ($000) $822 Shares 4,000 Est. Cost $153.58 Unrealized +40.2%

WPM WHEATON PRECIOUS METALS CORP 0.1%

Value ($000) $794 Shares 6,750 Est. Cost $107.08 Unrealized +30.6%

XLF SELECT SECTOR SPDR TR 0.1%

Value ($000) $701 Shares 12,797 Est. Cost $43.82 Unrealized —

VET VERMILION ENERGY INC 0.0%

Value ($000) $561 Shares 67,313 Est. Cost $8.26 Unrealized +15.0%

TOST TOAST INC 0.0%

Value ($000) $444 Shares 12,500 Est. Cost $36.05 Unrealized -14.0%

PAAS PAN AMERN SILVER CORP 0.0%

Value ($000) $441 Shares 8,500 Est. Cost $32.72 Unrealized +78.5%

MKL MARKEL GROUP INC 0.0%

Value ($000) $215 Shares 100 Est. Cost $2025.92 Unrealized +2.6%

LOW LOWES COS INC 0.0%

Value ($000) $200 Shares 831 Est. Cost $239.83 Unrealized +13.2%

TU TELUS CORPORATION 0.0%

Value ($000) $189 Shares 14,364 Est. Cost $16.13 Unrealized -15.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHOP	SHOPIFY INC	272,184	$43,850	3.3%	$157.82	-13.5%	—	82509L107
AZN	ASTRAZENECA PLC	125,412	$11,529	0.9%	$73.25	—	—	046353108
GRTUF	GRANITE REAL ESTATE INVT TR	126,910	$7,563	0.6%	$48.57	—	—	387437205
MELI	MERCADOLIBRE INC	2,550	$5,136	0.4%	$1634.71	+26.4%	—	58733R102
AJG	GALLAGHER ARTHUR J & CO	19,022	$4,923	0.4%	$180.76	+33.0%	—	363576109
EUFN	ISHARES TR	126,135	$4,678	0.4%	$28.60	—	—	464289180
ADBE	ADOBE INC	12,000	$4,200	0.3%	$394.41	-26.5%	—	00724F101
CDNS	CADENCE DESIGN SYSTEM INC	12,132	$3,792	0.3%	$293.95	+3.2%	—	127387108
AON	AON PLC	9,730	$3,434	0.3%	$381.29	-11.9%	—	G0403H108
KKR	KKR & CO INC	25,998	$3,314	0.3%	$141.13	-18.7%	—	48251W104
COF	CAPITAL ONE FINL CORP	12,000	$2,908	0.2%	$219.45	+1.7%	—	14040H105
TRI	THOMSON REUTERS CORP	19,022	$2,513	0.2%	$127.63	-16.1%	—	884903808
KNSL	KINSALE CAP GROUP INC	6,000	$2,347	0.2%	$407.67	-3.5%	—	49714P108
CELH	CELSIUS HLDGS INC	50,000	$2,287	0.2%	$50.38	+0.6%	—	15118V207
FTNT	FORTINET INC	27,000	$2,144	0.2%	$75.74	+5.6%	—	34959E109
PODD	INSULET CORP	7,500	$2,132	0.2%	$313.31	-15.6%	—	45784P101
ARES	ARES MANAGEMENT CORPORATION	11,090	$1,792	0.1%	$129.04	+15.2%	—	03990B101
SPOT	SPOTIFY TECHNOLOGY S A	3,000	$1,742	0.1%	$398.66	+24.7%	—	L8681T102
PAYC	PAYCOM SOFTWARE INC	8,525	$1,359	0.1%	$204.99	-32.7%	—	70432V102
WCN	WASTE CONNECTIONS INC	7,550	$1,324	0.1%	$160.92	+4.0%	—	94106B101
IBM	INTERNATIONAL BUSINESS MACHS	4,000	$1,185	0.1%	$173.10	+64.0%	—	459200101
COPX	GLOBAL X FDS	15,000	$1,077	0.1%	$71.79	—	—	37954Y830
FALN	ISHARES TR	38,800	$1,059	0.1%	$26.48	—	—	46435G474
BKLN	INVESCO EXCH TRADED FD TR II	50,000	$1,050	0.1%	$21.48	—	—	46138G508
QCOM	QUALCOMM INC	5,650	$966	0.1%	$170.79	-9.9%	—	747525103
ORCL	ORACLE CORP	4,690	$914	0.1%	$169.53	+0.1%	—	68389X105
GDX	VANECK ETF TRUST	10,440	$895	0.1%	$76.40	—	—	92189F106
EW	EDWARDS LIFESCIENCES CORP	10,000	$853	0.1%	$82.07	-0.1%	—	28176E108
WRB	BERKLEY W R CORP	11,765	$825	0.1%	$54.96	+26.3%	—	084423102
CAH	CARDINAL HEALTH INC	4,000	$822	0.1%	$153.58	+40.2%	—	14149Y108
WPM	WHEATON PRECIOUS METALS CORP	6,750	$794	0.1%	$107.08	+30.6%	—	962879102
XLF	SELECT SECTOR SPDR TR	12,797	$701	0.1%	$43.82	—	—	81369Y605
VET	VERMILION ENERGY INC	67,313	$561	0.0%	$8.26	+15.0%	—	923725105
TOST	TOAST INC	12,500	$444	0.0%	$36.05	-14.0%	—	888787108
PAAS	PAN AMERN SILVER CORP	8,500	$441	0.0%	$32.72	+78.5%	—	697900108
MKL	MARKEL GROUP INC	100	$215	0.0%	$2025.92	+2.6%	—	570535104
LOW	LOWES COS INC	831	$200	0.0%	$239.83	+13.2%	—	548661107
TU	TELUS CORPORATION	14,364	$189	0.0%	$16.13	-15.3%	—	87971M103

Decreased Positions (80)

SPGI S&P GLOBAL INC 0.2%

Value ($000) $2,102 (-95.7%) Shares 4,941 (-94.7%) Est. Cost $322.37 Unrealized +50.5%

MSFT MICROSOFT CORP 4.2%

Value ($000) $55,436 (-40.2%) Shares 149,757 (-21.9%) Est. Cost $144.74 Unrealized +200.3%

META META PLATFORMS INC 2.2%

Value ($000) $29,203 (-54.1%) Shares 51,042 (-47.1%) Est. Cost $258.42 Unrealized +153.7%

V VISA INC 1.9%

Value ($000) $25,609 (-48.6%) Shares 84,732 (-40.3%) Est. Cost $102.62 Unrealized +220.8%

HD HOME DEPOT INC 0.4%

Value ($000) $4,674 (-77.5%) Shares 14,212 (-76.4%) Est. Cost $280.10 Unrealized +34.6%

GOOGL ALPHABET INC 1.6%

Value ($000) $20,517 (-42.5%) Shares 71,347 (-37.4%) Est. Cost $138.61 Unrealized +133.2%

WMT WALMART INC 4.0%

Value ($000) $52,086 (-22.0%) Shares 419,100 (-30.1%) Est. Cost $58.36 Unrealized +109.1%

STN STANTEC INC 0.1%

Value ($000) $1,037 (-93.1%) Shares 12,020 (-92.5%) Est. Cost $81.18 Unrealized —

NVDA NVIDIA CORPORATION 4.7%

Value ($000) $61,993 (-18.0%) Shares 355,465 (-12.3%) Est. Cost $125.81 Unrealized +48.3%

CP CANADIAN PACIFIC KANSAS CITY 0.3%

Value ($000) $4,443 (-74.7%) Shares 56,572 (-76.3%) Est. Cost $77.47 Unrealized -0.3%

AAPL APPLE INC 3.1%

Value ($000) $41,264 (-24.1%) Shares 162,591 (-18.7%) Est. Cost $194.16 Unrealized +35.4%

AVGO BROADCOM INC 2.4%

Value ($000) $32,211 (-22.4%) Shares 104,070 (-13.2%) Est. Cost $173.01 Unrealized +93.1%

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.0%

Value ($000) $12,647 (-41.5%) Shares 37,423 (-47.4%) Est. Cost $186.75 Unrealized —

AMZN AMAZON COM INC 4.1%

Value ($000) $54,590 (-14.0%) Shares 262,111 (-4.7%) Est. Cost $179.83 Unrealized +26.1%

RY ROYAL BK CDA 4.4%

Value ($000) $58,235 (-12.7%) Shares 361,003 (-7.7%) Est. Cost $79.11 Unrealized +114.8%

MA MASTERCARD INCORPORATED 1.8%

Value ($000) $23,700 (-26.4%) Shares 47,433 (-15.9%) Est. Cost $408.87 Unrealized +31.8%

ADSK AUTODESK INC 0.1%

Value ($000) $1,676 (-77.9%) Shares 7,000 (-72.7%) Est. Cost $292.20 Unrealized -13.2%

TUA SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value ($000) $404 (-93.1%) Shares 19,168 (-92.8%) Est. Cost $22.43 Unrealized —

VEEV VEEVA SYS INC 0.1%

Value ($000) $1,054 (-81.8%) Shares 6,000 (-76.9%) Est. Cost $246.45 Unrealized -17.3%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $3,956 (-53.9%) Shares 55,000 (-47.6%) Est. Cost $82.21 Unrealized -4.2%

JNJ JOHNSON & JOHNSON 0.6%

Value ($000) $7,837 (-36.2%) Shares 32,060 (-46.0%) Est. Cost $166.15 Unrealized +37.2%

BNS BANK NOVA SCOTIA B C 2.8%

Value ($000) $36,431 (-10.7%) Shares 526,323 (-4.8%) Est. Cost $61.97 Unrealized +20.9%

CRM SALESFORCE INC 0.1%

Value ($000) $1,867 (-68.8%) Shares 10,000 (-55.8%) Est. Cost $259.79 Unrealized -16.9%

CSCO CISCO SYS INC 0.4%

Value ($000) $5,384 (-42.7%) Shares 69,395 (-43.1%) Est. Cost $67.38 Unrealized +15.6%

BAM BROOKFIELD ASSET MANAGMT LTD 0.1%

Value ($000) $1,210 (-76.6%) Shares 27,310 (-72.3%) Est. Cost $55.47 Unrealized -7.3%

HWM HOWMET AEROSPACE INC 0.4%

Value ($000) $5,071 (-42.0%) Shares 22,005 (-48.4%) Est. Cost $57.82 Unrealized +291.8%

ABBV ABBVIE INC 0.4%

Value ($000) $5,548 (-39.4%) Shares 25,507 (-36.3%) Est. Cost $181.87 Unrealized +22.4%

MNST MONSTER BEVERAGE CORP NEW 0.1%

Value ($000) $1,796 (-66.4%) Shares 24,782 (-64.5%) Est. Cost $65.10 Unrealized +23.9%

GE GE AEROSPACE 0.4%

Value ($000) $4,895 (-41.3%) Shares 17,250 (-36.3%) Est. Cost $223.71 Unrealized +42.2%

VST VISTRA CORP 0.1%

Value ($000) $1,503 (-67.9%) Shares 10,000 (-65.5%) Est. Cost $172.98 Unrealized -5.7%

RMD RESMED INC 0.2%

Value ($000) $2,133 (-57.8%) Shares 9,500 (-54.8%) Est. Cost $243.05 Unrealized +5.3%

MCK MCKESSON CORP 0.3%

Value ($000) $3,786 (-42.5%) Shares 4,375 (-45.5%) Est. Cost $528.14 Unrealized +65.8%

PH PARKER-HANNIFIN CORP 0.5%

Value ($000) $6,509 (-29.8%) Shares 7,271 (-31.1%) Est. Cost $321.10 Unrealized +198.3%

AMAT APPLIED MATLS INC 0.3%

Value ($000) $3,316 (-44.5%) Shares 9,703 (-58.3%) Est. Cost $128.13 Unrealized +154.9%

BLK BLACKROCK INC 0.2%

Value ($000) $3,265 (-44.2%) Shares 3,395 (-37.9%) Est. Cost $1015.15 Unrealized +8.1%

HCA HCA HEALTHCARE INC 0.1%

Value ($000) $1,420 (-63.1%) Shares 3,000 (-63.6%) Est. Cost $373.21 Unrealized +33.4%

VIK VIKING HOLDINGS LTD 0.2%

Value ($000) $2,572 (-48.6%) Shares 35,000 (-50.0%) Est. Cost $53.12 Unrealized +38.9%

INTU INTUIT 0.1%

Value ($000) $1,297 (-64.7%) Shares 3,000 (-45.9%) Est. Cost $719.44 Unrealized -30.8%

TW TRADEWEB MKTS INC 0.1%

Value ($000) $1,294 (-64.6%) Shares 11,000 (-67.6%) Est. Cost $126.03 Unrealized -13.3%

MSCI MSCI INC 0.1%

Value ($000) $1,617 (-58.2%) Shares 3,000 (-55.6%) Est. Cost $561.36 Unrealized +1.4%

TEL TE CONNECTIVITY PLC 0.2%

Value ($000) $2,169 (-50.7%) Shares 10,375 (-46.3%) Est. Cost $231.27 Unrealized -0.6%

DIS DISNEY WALT CO 0.1%

Value ($000) $1,781 (-55.2%) Shares 18,478 (-47.1%) Est. Cost $112.08 Unrealized -2.4%

LDOS LEIDOS HOLDINGS INC 0.2%

Value ($000) $2,333 (-48.3%) Shares 15,000 (-40.0%) Est. Cost $176.44 Unrealized +5.5%

EXPE EXPEDIA GROUP INC 0.3%

Value ($000) $3,735 (-35.9%) Shares 16,175 (-21.3%) Est. Cost $173.68 Unrealized +45.9%

BKNG BOOKING HOLDINGS INC 0.2%

Value ($000) $2,737 (-43.2%) Shares 650 (-27.8%) Est. Cost $4452.21 Unrealized +7.4%

NU NU HLDGS LTD 0.2%

Value ($000) $2,730 (-42.8%) Shares 190,000 (-33.3%) Est. Cost $14.40 Unrealized +20.4%

DELL DELL TECHNOLOGIES INC 0.7%

Value ($000) $9,213 (+26.2%) Shares 56,130 (-3.2%) Est. Cost $137.95 Unrealized -13.7%

PGR PROGRESSIVE CORP 0.0%

Value ($000) $214 (-89.9%) Shares 1,077 (-88.4%) Est. Cost $243.58 Unrealized -15.1%

HLT HILTON WORLDWIDE HLDGS INC 0.2%

Value ($000) $2,433 (-43.5%) Shares 8,000 (-46.7%) Est. Cost $248.33 Unrealized +22.9%

APP APPLOVIN CORP 0.2%

Value ($000) $2,189 (-45.9%) Shares 5,500 (-8.3%) Est. Cost $249.81 Unrealized +103.0%

KLAC KLA CORP 0.1%

Value ($000) $1,620 (-52.4%) Shares 1,100 (-60.7%) Est. Cost $842.61 Unrealized +73.5%

WTS WATTS WATER TECHNOLOGIES INC 0.1%

Value ($000) $1,887 (-47.4%) Shares 6,500 (-50.0%) Est. Cost $262.04 Unrealized +16.8%

URNM SPROTT FDS TR 1.1%

Value ($000) $14,028 (+13.7%) Shares 222,133 (-1.1%) Est. Cost $54.89 Unrealized —

TD TORONTO DOMINION BK ONT 0.7%

Value ($000) $8,847 (-14.1%) Shares 94,929 (-13.1%) Est. Cost $68.10 Unrealized +39.9%

EME EMCOR GROUP INC 0.2%

Value ($000) $2,400 (-37.7%) Shares 3,250 (-48.4%) Est. Cost $552.40 Unrealized +31.5%

PM PHILIP MORRIS INTL INC 0.4%

Value ($000) $5,221 (-19.9%) Shares 31,580 (-22.3%) Est. Cost $108.39 Unrealized +62.3%

WSM WILLIAMS SONOMA INC 0.2%

Value ($000) $3,096 (-29.1%) Shares 16,980 (-30.6%) Est. Cost $190.33 Unrealized +9.2%

IQV IQVIA HLDGS INC 0.1%

Value ($000) $1,706 (-40.5%) Shares 10,005 (-21.3%) Est. Cost $218.03 Unrealized -3.6%

RJF RAYMOND JAMES FINL INC 0.3%

Value ($000) $3,736 (-20.1%) Shares 25,800 (-11.3%) Est. Cost $146.85 Unrealized +12.6%

CCJ CAMECO CORP 1.0%

Value ($000) $13,493 (-6.4%) Shares 124,376 (-20.9%) Est. Cost $21.98 Unrealized +429.0%

ETN EATON CORP PLC 2.8%

Value ($000) $37,511 (+2.3%) Shares 104,875 (-8.9%) Est. Cost $179.40 Unrealized +97.1%

FTI TECHNIPFMC PLC 0.2%

Value ($000) $2,074 (-28.4%) Shares 30,000 (-53.8%) Est. Cost $35.59 Unrealized +58.3%

NTR NUTRIEN LTD 0.3%

Value ($000) $3,988 (-14.7%) Shares 53,000 (-29.9%) Est. Cost $58.28 Unrealized +16.9%

BMO BANK MONTREAL MEDIUM 0.4%

Value ($000) $4,717 (-11.5%) Shares 34,895 (-14.9%) Est. Cost $108.77 Unrealized +27.7%

PBA PEMBINA PIPELINE CORP 0.4%

Value ($000) $4,968 (-8.8%) Shares 111,322 (-22.1%) Est. Cost $32.20 Unrealized +27.3%

OTEX OPEN TEXT CORP 0.0%

Value ($000) $422 (-44.9%) Shares 19,000 (-19.1%) Est. Cost $34.05 Unrealized -19.3%

GLD SPDR GOLD TR 0.5%

Value ($000) $7,059 (-4.3%) Shares 16,405 (-11.8%) Est. Cost $240.20 Unrealized —

AGI ALAMOS GOLD INC 0.7%

Value ($000) $9,060 (-3.3%) Shares 204,300 (-15.7%) Est. Cost $8.65 Unrealized +392.0%

EOG EOG RES INC 0.1%

Value ($000) $1,378 (-15.2%) Shares 9,533 (-38.4%) Est. Cost $110.55 Unrealized +1.4%

OKE ONEOK INC NEW 0.1%

Value ($000) $1,518 (-12.4%) Shares 16,790 (-28.8%) Est. Cost $70.46 Unrealized +11.5%

AESI ATLAS ENERGY SOLUTIONS INC 0.1%

Value ($000) $954 (+26.4%) Shares 72,700 (-9.2%) Est. Cost $20.31 Unrealized -44.8%

LECO LINCOLN ELEC HLDGS INC 0.1%

Value ($000) $1,233 (-12.8%) Shares 4,950 (-16.1%) Est. Cost $196.66 Unrealized +37.7%

VRTX VERTEX PHARMACEUTICALS INC 0.3%

Value ($000) $4,187 (-3.9%) Shares 9,376 (-2.4%) Est. Cost $444.00 Unrealized +5.3%

DE DEERE & CO 0.2%

Value ($000) $3,127 (+4.6%) Shares 5,551 (-13.6%) Est. Cost $486.68 Unrealized +13.3%

CM CANADIAN IMPERIAL BANK OF CO 0.1%

Value ($000) $1,280 (-6.9%) Shares 13,540 (-10.6%) Est. Cost $57.17 Unrealized +65.4%

ROK ROCKWELL AUTOMATION INC 0.0%

Value ($000) $252 (-18.8%) Shares 701 (-11.9%) Est. Cost $288.14 Unrealized +42.4%

CCEP COCA-COLA EUROPACIFIC PARTNE 0.3%

Value ($000) $4,270 (-1.3%) Shares 47,090 (-1.3%) Est. Cost $89.43 Unrealized +5.8%

ORLY OREILLY AUTOMOTIVE INC 1.2%

Value ($000) $16,242 (+0.2%) Shares 175,952 (-1.0%) Est. Cost $89.71 Unrealized +5.9%

SU SUNCOR ENERGY INC NEW 0.0%

Value ($000) $304 (+3.4%) Shares 4,607 (-30.4%) Est. Cost $42.26 Unrealized +22.6%

FTS FORTIS INC 0.1%

Value ($000) $1,009 (-0.0%) Shares 18,150 (-6.4%) Est. Cost $37.13 Unrealized +43.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	4,941 (-94.7%)	$2,102 (-95.7%)	0.2%	$322.37	+50.5%	COM	78409V104
MSFT	MICROSOFT CORP	149,757 (-21.9%)	$55,436 (-40.2%)	4.2%	$144.74	+200.3%	COM	594918104
META	META PLATFORMS INC	51,042 (-47.1%)	$29,203 (-54.1%)	2.2%	$258.42	+153.7%	CL A	30303M102
V	VISA INC	84,732 (-40.3%)	$25,609 (-48.6%)	1.9%	$102.62	+220.8%	COM CL A	92826C839
HD	HOME DEPOT INC	14,212 (-76.4%)	$4,674 (-77.5%)	0.4%	$280.10	+34.6%	COM	437076102
GOOGL	ALPHABET INC	71,347 (-37.4%)	$20,517 (-42.5%)	1.6%	$138.61	+133.2%	CAP STK CL A	02079K305
WMT	WALMART INC	419,100 (-30.1%)	$52,086 (-22.0%)	4.0%	$58.36	+109.1%	COM	931142103
STN	STANTEC INC	12,020 (-92.5%)	$1,037 (-93.1%)	0.1%	$81.18	—	COM	85472N109
NVDA	NVIDIA CORPORATION	355,465 (-12.3%)	$61,993 (-18.0%)	4.7%	$125.81	+48.3%	COM	67066G104
CP	CANADIAN PACIFIC KANSAS CITY	56,572 (-76.3%)	$4,443 (-74.7%)	0.3%	$77.47	-0.3%	COM	13646K108
AAPL	APPLE INC	162,591 (-18.7%)	$41,264 (-24.1%)	3.1%	$194.16	+35.4%	COM	037833100
AVGO	BROADCOM INC	104,070 (-13.2%)	$32,211 (-22.4%)	2.4%	$173.01	+93.1%	COM	11135F101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	37,423 (-47.4%)	$12,647 (-41.5%)	1.0%	$186.75	—	SPONSORED ADS	874039100
AMZN	AMAZON COM INC	262,111 (-4.7%)	$54,590 (-14.0%)	4.1%	$179.83	+26.1%	COM	023135106
RY	ROYAL BK CDA	361,003 (-7.7%)	$58,235 (-12.7%)	4.4%	$79.11	+114.8%	COM	780087102
MA	MASTERCARD INCORPORATED	47,433 (-15.9%)	$23,700 (-26.4%)	1.8%	$408.87	+31.8%	CL A	57636Q104
ADSK	AUTODESK INC	7,000 (-72.7%)	$1,676 (-77.9%)	0.1%	$292.20	-13.2%	COM	052769106
TUA	SIMPLIFY EXCHANGE TRADED FUN	19,168 (-92.8%)	$404 (-93.1%)	0.0%	$22.43	—	SHORT TERM TREA	82889N657
VEEV	VEEVA SYS INC	6,000 (-76.9%)	$1,054 (-81.8%)	0.1%	$246.45	-17.3%	CL A COM	922475108
UBER	UBER TECHNOLOGIES INC	55,000 (-47.6%)	$3,956 (-53.9%)	0.3%	$82.21	-4.2%	COM	90353T100
JNJ	JOHNSON & JOHNSON	32,060 (-46.0%)	$7,837 (-36.2%)	0.6%	$166.15	+37.2%	COM	478160104
BNS	BANK NOVA SCOTIA B C	526,323 (-4.8%)	$36,431 (-10.7%)	2.8%	$61.97	+20.9%	COM	064149107
CRM	SALESFORCE INC	10,000 (-55.8%)	$1,867 (-68.8%)	0.1%	$259.79	-16.9%	COM	79466L302
CSCO	CISCO SYS INC	69,395 (-43.1%)	$5,384 (-42.7%)	0.4%	$67.38	+15.6%	COM	17275R102
BAM	BROOKFIELD ASSET MANAGMT LTD	27,310 (-72.3%)	$1,210 (-76.6%)	0.1%	$55.47	-7.3%	CL A LMT VTG SHS	113004105
HWM	HOWMET AEROSPACE INC	22,005 (-48.4%)	$5,071 (-42.0%)	0.4%	$57.82	+291.8%	COM	443201108
ABBV	ABBVIE INC	25,507 (-36.3%)	$5,548 (-39.4%)	0.4%	$181.87	+22.4%	COM	00287Y109
MNST	MONSTER BEVERAGE CORP NEW	24,782 (-64.5%)	$1,796 (-66.4%)	0.1%	$65.10	+23.9%	COM	61174X109
GE	GE AEROSPACE	17,250 (-36.3%)	$4,895 (-41.3%)	0.4%	$223.71	+42.2%	COM NEW	369604301
VST	VISTRA CORP	10,000 (-65.5%)	$1,503 (-67.9%)	0.1%	$172.98	-5.7%	COM	92840M102
RMD	RESMED INC	9,500 (-54.8%)	$2,133 (-57.8%)	0.2%	$243.05	+5.3%	COM	761152107
MCK	MCKESSON CORP	4,375 (-45.5%)	$3,786 (-42.5%)	0.3%	$528.14	+65.8%	COM	58155Q103
PH	PARKER-HANNIFIN CORP	7,271 (-31.1%)	$6,509 (-29.8%)	0.5%	$321.10	+198.3%	COM	701094104
AMAT	APPLIED MATLS INC	9,703 (-58.3%)	$3,316 (-44.5%)	0.3%	$128.13	+154.9%	COM	038222105
BLK	BLACKROCK INC	3,395 (-37.9%)	$3,265 (-44.2%)	0.2%	$1015.15	+8.1%	COM	09290D101
HCA	HCA HEALTHCARE INC	3,000 (-63.6%)	$1,420 (-63.1%)	0.1%	$373.21	+33.4%	COM	40412C101
VIK	VIKING HOLDINGS LTD	35,000 (-50.0%)	$2,572 (-48.6%)	0.2%	$53.12	+38.9%	ORD SHS	G93A5A101
INTU	INTUIT	3,000 (-45.9%)	$1,297 (-64.7%)	0.1%	$719.44	-30.8%	COM	461202103
TW	TRADEWEB MKTS INC	11,000 (-67.6%)	$1,294 (-64.6%)	0.1%	$126.03	-13.3%	CL A	892672106
MSCI	MSCI INC	3,000 (-55.6%)	$1,617 (-58.2%)	0.1%	$561.36	+1.4%	COM	55354G100
TEL	TE CONNECTIVITY PLC	10,375 (-46.3%)	$2,169 (-50.7%)	0.2%	$231.27	-0.6%	ORD SHS	G87052109
DIS	DISNEY WALT CO	18,478 (-47.1%)	$1,781 (-55.2%)	0.1%	$112.08	-2.4%	COM	254687106
LDOS	LEIDOS HOLDINGS INC	15,000 (-40.0%)	$2,333 (-48.3%)	0.2%	$176.44	+5.5%	COM	525327102
EXPE	EXPEDIA GROUP INC	16,175 (-21.3%)	$3,735 (-35.9%)	0.3%	$173.68	+45.9%	COM NEW	30212P303
BKNG	BOOKING HOLDINGS INC	650 (-27.8%)	$2,737 (-43.2%)	0.2%	$4452.21	+7.4%	COM	09857L108
NU	NU HLDGS LTD	190,000 (-33.3%)	$2,730 (-42.8%)	0.2%	$14.40	+20.4%	ORD SHS CL A	G6683N103
DELL	DELL TECHNOLOGIES INC	56,130 (-3.2%)	$9,213 (+26.2%)	0.7%	$137.95	-13.7%	CL C	24703L202
PGR	PROGRESSIVE CORP	1,077 (-88.4%)	$214 (-89.9%)	0.0%	$243.58	-15.1%	COM	743315103
HLT	HILTON WORLDWIDE HLDGS INC	8,000 (-46.7%)	$2,433 (-43.5%)	0.2%	$248.33	+22.9%	COM	43300A203
APP	APPLOVIN CORP	5,500 (-8.3%)	$2,189 (-45.9%)	0.2%	$249.81	+103.0%	COM CL A	03831W108
KLAC	KLA CORP	1,100 (-60.7%)	$1,620 (-52.4%)	0.1%	$842.61	+73.5%	COM NEW	482480100
WTS	WATTS WATER TECHNOLOGIES INC	6,500 (-50.0%)	$1,887 (-47.4%)	0.1%	$262.04	+16.8%	CL A	942749102
URNM	SPROTT FDS TR	222,133 (-1.1%)	$14,028 (+13.7%)	1.1%	$54.89	—	URANIUM MINERS E	85208P303
TD	TORONTO DOMINION BK ONT	94,929 (-13.1%)	$8,847 (-14.1%)	0.7%	$68.10	+39.9%	COM NEW	891160509
EME	EMCOR GROUP INC	3,250 (-48.4%)	$2,400 (-37.7%)	0.2%	$552.40	+31.5%	COM	29084Q100
PM	PHILIP MORRIS INTL INC	31,580 (-22.3%)	$5,221 (-19.9%)	0.4%	$108.39	+62.3%	COM	718172109
WSM	WILLIAMS SONOMA INC	16,980 (-30.6%)	$3,096 (-29.1%)	0.2%	$190.33	+9.2%	COM	969904101
IQV	IQVIA HLDGS INC	10,005 (-21.3%)	$1,706 (-40.5%)	0.1%	$218.03	-3.6%	COM	46266C105
RJF	RAYMOND JAMES FINL INC	25,800 (-11.3%)	$3,736 (-20.1%)	0.3%	$146.85	+12.6%	COM	754730109
CCJ	CAMECO CORP	124,376 (-20.9%)	$13,493 (-6.4%)	1.0%	$21.98	+429.0%	COM	13321L108
ETN	EATON CORP PLC	104,875 (-8.9%)	$37,511 (+2.3%)	2.8%	$179.40	+97.1%	SHS	G29183103
FTI	TECHNIPFMC PLC	30,000 (-53.8%)	$2,074 (-28.4%)	0.2%	$35.59	+58.3%	COM	G87110105
NTR	NUTRIEN LTD	53,000 (-29.9%)	$3,988 (-14.7%)	0.3%	$58.28	+16.9%	COM	67077M108
BMO	BANK MONTREAL MEDIUM	34,895 (-14.9%)	$4,717 (-11.5%)	0.4%	$108.77	+27.7%	COM	063671101
PBA	PEMBINA PIPELINE CORP	111,322 (-22.1%)	$4,968 (-8.8%)	0.4%	$32.20	+27.3%	COM	706327103
OTEX	OPEN TEXT CORP	19,000 (-19.1%)	$422 (-44.9%)	0.0%	$34.05	-19.3%	COM	683715106
GLD	SPDR GOLD TR	16,405 (-11.8%)	$7,059 (-4.3%)	0.5%	$240.20	—	GOLD SHS	78463V107
AGI	ALAMOS GOLD INC	204,300 (-15.7%)	$9,060 (-3.3%)	0.7%	$8.65	+392.0%	COM CL A	011532108
EOG	EOG RES INC	9,533 (-38.4%)	$1,378 (-15.2%)	0.1%	$110.55	+1.4%	COM	26875P101
OKE	ONEOK INC NEW	16,790 (-28.8%)	$1,518 (-12.4%)	0.1%	$70.46	+11.5%	COM	682680103
AESI	ATLAS ENERGY SOLUTIONS INC	72,700 (-9.2%)	$954 (+26.4%)	0.1%	$20.31	-44.8%	COM NEW	642045108
LECO	LINCOLN ELEC HLDGS INC	4,950 (-16.1%)	$1,233 (-12.8%)	0.1%	$196.66	+37.7%	COM	533900106
VRTX	VERTEX PHARMACEUTICALS INC	9,376 (-2.4%)	$4,187 (-3.9%)	0.3%	$444.00	+5.3%	COM	92532F100
DE	DEERE & CO	5,551 (-13.6%)	$3,127 (+4.6%)	0.2%	$486.68	+13.3%	COM	244199105
CM	CANADIAN IMPERIAL BANK OF CO	13,540 (-10.6%)	$1,280 (-6.9%)	0.1%	$57.17	+65.4%	COM	136069101
ROK	ROCKWELL AUTOMATION INC	701 (-11.9%)	$252 (-18.8%)	0.0%	$288.14	+42.4%	COM	773903109
CCEP	COCA-COLA EUROPACIFIC PARTNE	47,090 (-1.3%)	$4,270 (-1.3%)	0.3%	$89.43	+5.8%	SHS	G25839104
ORLY	OREILLY AUTOMOTIVE INC	175,952 (-1.0%)	$16,242 (+0.2%)	1.2%	$89.71	+5.9%	COM	67103H107
SU	SUNCOR ENERGY INC NEW	4,607 (-30.4%)	$304 (+3.4%)	0.0%	$42.26	+22.6%	COM	867224107
FTS	FORTIS INC	18,150 (-6.4%)	$1,009 (-0.0%)	0.1%	$37.13	+43.9%	COM	349553107

Unchanged Positions (14)

GOOG ALPHABET INC 3.7%

Value ($000) $48,353 Shares 168,559 Est. Cost $113.93 Unrealized +184.1%

UNH UNITEDHEALTH GROUP INC 1.3%

Value ($000) $17,652 Shares 65,237 Est. Cost $305.99 Unrealized +0.9%

NDAQ NASDAQ INC 0.6%

Value ($000) $8,245 Shares 97,125 Est. Cost $68.54 Unrealized +33.9%

ET ENERGY TRANSFER L P 0.6%

Value ($000) $7,334 Shares 380,005 Est. Cost $15.81 Unrealized —

DSGX DESCARTES SYS GROUP INC 0.2%

Value ($000) $2,245 Shares 31,450 Est. Cost $51.77 Unrealized +46.0%

FSV FIRSTSERVICE CORP NEW 0.3%

Value ($000) $3,395 Shares 24,480 Est. Cost $86.92 Unrealized +81.2%

BAC BANK AMERICA CORP 0.2%

Value ($000) $2,707 Shares 55,525 Est. Cost $28.10 Unrealized +91.0%

HBM HUDBAY MINERALS INC 0.4%

Value ($000) $4,859 Shares 232,800 Est. Cost $6.24 Unrealized +291.6%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $874 Shares 1,463 Est. Cost $480.70 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $1,902 Shares 24,000 Est. Cost $79.42 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $216 Shares 450 Est. Cost $497.53 Unrealized -0.8%

BND VANGUARD BD INDEX FDS 0.1%

Value ($000) $1,228 Shares 16,675 Est. Cost $78.47 Unrealized —

RCI ROGERS COMMUNICATIONS INC 0.0%

Value ($000) $227 Shares 5,920 Est. Cost $34.43 Unrealized +8.5%

KVUE KENVUE INC 0.2%

Value ($000) $2,782 Shares 161,370 Est. Cost $16.26 Unrealized +8.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	168,559	$48,353	3.7%	$113.93	+184.1%	CAP STK CL C	02079K107
UNH	UNITEDHEALTH GROUP INC	65,237	$17,652	1.3%	$305.99	+0.9%	COM	91324P102
NDAQ	NASDAQ INC	97,125	$8,245	0.6%	$68.54	+33.9%	COM	631103108
ET	ENERGY TRANSFER L P	380,005	$7,334	0.6%	$15.81	—	COM UT LTD PTN	29273V100
DSGX	DESCARTES SYS GROUP INC	31,450	$2,245	0.2%	$51.77	+46.0%	COM	249906108
FSV	FIRSTSERVICE CORP NEW	24,480	$3,395	0.3%	$86.92	+81.2%	COM	33767E202
BAC	BANK AMERICA CORP	55,525	$2,707	0.2%	$28.10	+91.0%	COM	060505104
HBM	HUDBAY MINERALS INC	232,800	$4,859	0.4%	$6.24	+291.6%	COM	443628102
VOO	VANGUARD INDEX FDS	1,463	$874	0.1%	$480.70	—	S&P 500 ETF SHS	922908363
VCSH	VANGUARD SCOTTSDALE FDS	24,000	$1,902	0.1%	$79.42	—	SHRT TRM CORP BD	92206C409
BRK/B	BERKSHIRE HATHAWAY INC DEL	450	$216	0.0%	$497.53	-0.8%	CL B NEW	084670702
BND	VANGUARD BD INDEX FDS	16,675	$1,228	0.1%	$78.47	—	TOTAL BND MRKT	921937835
RCI	ROGERS COMMUNICATIONS INC	5,920	$227	0.0%	$34.43	+8.5%	CL B	775109200
KVUE	KENVUE INC	161,370	$2,782	0.2%	$16.26	+8.7%	COM	49177J102