LATHROP INVESTMENT MANAGEMENT CO Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	Exxon Mobil Corp	114,521 (+4.1%)	$19 (+46.8%)	3.6%	$59.57	+132.9%	Com	30231G102
SLB	Schlumberger Ltd	227,417 (+21.8%)	$12 (+63.1%)	2.2%	$35.98	+34.2%	Com	806857108
SCHZ	Schwab US Aggregate Bond ETF	369,953 (+59.8%)	$9 (+58.8%)	1.6%	$2.73	—	ETF	808524839
KEX	Kirby Corp	130,329 (+1.2%)	$17 (+22.1%)	3.2%	$64.39	+93.5%	Com	497266106
ADBE	Adobe Systems Inc	28,365 (+3.2%)	$7 (-28.3%)	1.3%	$118.56	+144.5%	Com	00724F101
TMO	Thermo Fisher Scientific Inc	30,770 (+1.3%)	$15 (-14.1%)	2.8%	$112.47	+410.9%	Com	883556102
ORCL	Oracle Corp	54,468 (+2.7%)	$8 (-22.5%)	1.5%	$117.37	+44.5%	Com	68389X105
DHR	Danaher Corp	29,038 (+3.0%)	$6 (-14.7%)	1.0%	$230.78	-2.6%	Com	235851102
JPM	JPMorgan Chase & Co	41,252 (+2.8%)	$12 (-6.2%)	2.3%	$246.14	+26.5%	Com	46625H100
NKE	Nike Inc B	110,516 (+9.6%)	$6 (-9.1%)	1.1%	$50.52	+26.6%	Com	654106103
ALC	Alcon Inc	176,860 (+7.8%)	$13 (+3.1%)	2.5%	$62.54	+28.7%	Com	H01301128
ACN	Accenture PLC A	18,230 (+25.9%)	$4 (-6.9%)	0.7%	$322.71	-21.5%	Com	G1151C101
UPS	United Parcel Service Inc Class B	47,152 (+5.1%)	$5 (+4.2%)	0.9%	$72.63	+51.3%	Com	911312106
MRSH	Marsh & Mclennan Companies Inc	32,256 (+4.0%)	$6 (-2.8%)	1.0%	$221.60	-18.2%	Com	571748102
RSP	Invesco S&P 500 Equal Weight ETF	6,256 (+4.5%)	$1 (+4.8%)	0.2%	$0.17	—	ETF	46137V357
GE	GE Aerospace	27,161 (+9.2%)	$8 (+0.6%)	1.4%	$87.16	+265.1%	Com	369604301
SCHF	Schwab International Equity ETF	13,792 (+2.4%)	$0 (+5.2%)	0.1%	$0.02	—	ETF	808524805

Exited Positions (3)

CADE Cadence Bank 0.1%

Value ($000) $1 Shares 15,200 Est. Cost $26.45 Unrealized +66.2%

VO Vanguard Mid-Cap ETF 0.1%

Value ($000) $0 Shares 1,030 Est. Cost $213.32 Unrealized —

SFGYY Sony Financial Group ADR 0.0%

Value ($000) $0 Shares 39,328 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CADE	Cadence Bank	15,200	$1	0.1%	$26.45	+66.2%	—	12740C103
VO	Vanguard Mid-Cap ETF	1,030	$0	0.1%	$213.32	—	—	922908629
SFGYY	Sony Financial Group ADR	39,328	$0	0.0%	$0.00	—	—	83571B100

Decreased Positions (36)

MSFT Microsoft Corp 3.4%

Value ($000) $18 (-26.3%) Shares 49,530 (-3.7%) Est. Cost $28.54 Unrealized +1422.9%

AYI Acuity Brands Inc 2.5%

Value ($000) $14 (-24.0%) Shares 48,558 (-2.3%) Est. Cost $91.85 Unrealized +250.3%

SONY Sony Group Corp 2.3%

Value ($000) $12 (-21.1%) Shares 591,040 (-2.4%) Est. Cost $16.83 Unrealized —

CVS CVS Health Corp 1.1%

Value ($000) $6 (-35.4%) Shares 80,984 (-28.6%) Est. Cost $55.33 Unrealized +40.9%

KMI Kinder Morgan Inc P 3.8%

Value ($000) $20 (+17.0%) Shares 607,715 (-4.1%) Est. Cost $12.70 Unrealized +134.3%

TER Teradyne Inc 2.4%

Value ($000) $13 (+26.3%) Shares 42,882 (-17.5%) Est. Cost $94.59 Unrealized +181.1%

ADI Analog Devices Inc 3.9%

Value ($000) $21 (+13.3%) Shares 65,581 (-3.4%) Est. Cost $87.18 Unrealized +262.7%

IBM International Business Machines Corp 1.7%

Value ($000) $9 (-20.9%) Shares 37,530 (-3.4%) Est. Cost $116.29 Unrealized +144.2%

MKL Markel Group Inc 2.5%

Value ($000) $13 (-12.8%) Shares 7,049 (-2.0%) Est. Cost $1384.72 Unrealized +50.1%

MLM Martin Marietta Materials Inc 3.3%

Value ($000) $18 (-8.8%) Shares 29,802 (-3.5%) Est. Cost $201.49 Unrealized +228.1%

SYK Stryker Corp 2.7%

Value ($000) $14 (-8.6%) Shares 43,432 (-2.3%) Est. Cost $207.34 Unrealized +75.9%

JCI Johnson Controls International PLC 3.2%

Value ($000) $17 (+7.3%) Shares 131,439 (-1.8%) Est. Cost $46.15 Unrealized +173.1%

HD The Home Depot Inc 2.2%

Value ($000) $12 (-7.1%) Shares 35,414 (-2.8%) Est. Cost $224.14 Unrealized +68.2%

RTX RTX CORP 3.8%

Value ($000) $20 (-3.6%) Shares 104,400 (-8.3%) Est. Cost $89.73 Unrealized +119.1%

LRCX Lam Research Corp 0.4%

Value ($000) $2 (-22.9%) Shares 10,338 (-38.2%) Est. Cost $76.15 Unrealized +196.7%

CFR Cullen/Frost Bankers Inc 0.6%

Value ($000) $3 (-10.8%) Shares 22,726 (-17.6%) Est. Cost $53.18 Unrealized +163.4%

LLY Eli Lilly and Co 0.2%

Value ($000) $1 (-25.7%) Shares 1,048 (-13.2%) Est. Cost $192.74 Unrealized +443.3%

NVDA NVIDIA Corp 0.7%

Value ($000) $4 (-8.0%) Shares 20,569 (-1.6%) Est. Cost $96.94 Unrealized +92.5%

SCHM Schwab US Mid-Cap ETF 0.8%

Value ($000) $4 (-4.5%) Shares 137,249 (-7.3%) Est. Cost $13.06 Unrealized —

BAC Bank of America Corporation 0.1%

Value ($000) $1 (-18.6%) Shares 15,602 (-8.3%) Est. Cost $15.42 Unrealized +248.1%

AMZN Amazon.com Inc 0.2%

Value ($000) $1 (-11.9%) Shares 5,414 (-2.3%) Est. Cost $145.60 Unrealized +55.8%

CSCO Cisco Systems Inc 3.2%

Value ($000) $17 (-0.8%) Shares 220,719 (-1.5%) Est. Cost $25.35 Unrealized +207.3%

META Meta Platforms Inc Class A 0.1%

Value ($000) $1 (-15.7%) Shares 890 (-2.7%) Est. Cost $519.71 Unrealized +26.1%

GOOGL Alphabet Inc A 0.1%

Value ($000) $1 (-9.5%) Shares 2,691 (-1.5%) Est. Cost $114.13 Unrealized +183.3%

GEV GE Vernova Inc 0.1%

Value ($000) $0 (+21.2%) Shares 517 (-9.1%) Est. Cost $476.03 Unrealized +54.8%

SCHX Schwab US Large-Cap ETF 0.2%

Value ($000) $1 (-5.9%) Shares 47,989 (-1.2%) Est. Cost $0.03 Unrealized —

V Visa Inc Class A 0.0%

Value ($000) $0 (-25.3%) Shares 666 (-13.2%) Est. Cost $340.38 Unrealized -3.3%

SCHG Schwab US Large-Cap Growth ETF 0.0%

Value ($000) $0 (-24.5%) Shares 7,068 (-15.7%) Est. Cost $0.03 Unrealized —

AMTM Amentum Holdings Inc 0.1%

Value ($000) $1 (-11.2%) Shares 20,044 (-1.3%) Est. Cost $28.49 Unrealized +17.5%

COST Costco Wholesale Corp 0.1%

Value ($000) $0 (+13.3%) Shares 402 (-2.0%) Est. Cost $496.48 Unrealized +94.1%

JBHT JB Hunt Transport Services Inc 0.1%

Value ($000) $1 (+7.2%) Shares 2,743 (-1.6%) Est. Cost $99.03 Unrealized +116.0%

QQQ Invesco QQQ Trust 0.0%

Value ($000) $0 (-12.4%) Shares 405 (-6.7%) Est. Cost $0.51 Unrealized —

HOMB Home BancShares Inc 0.1%

Value ($000) $1 (-4.7%) Shares 19,594 (-1.7%) Est. Cost $19.19 Unrealized +51.0%

BMY Bristol-Myers Squibb Company 0.1%

Value ($000) $0 (+9.8%) Shares 4,601 (-2.4%) Est. Cost $47.53 Unrealized +20.8%

NFLX Netflix Inc 0.0%

Value ($000) $0 (-9.0%) Shares 2,320 (-11.1%) Est. Cost $108.22 Unrealized -22.5%

WMT Wal-Mart Stores Inc 5.2%

Value ($000) $28 (-0.0%) Shares 223,788 (-10.4%) Est. Cost $45.06 Unrealized +170.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp	49,530 (-3.7%)	$18 (-26.3%)	3.4%	$28.54	+1422.9%	Com	594918104
AYI	Acuity Brands Inc	48,558 (-2.3%)	$14 (-24.0%)	2.5%	$91.85	+250.3%	Com	00508Y102
SONY	Sony Group Corp	591,040 (-2.4%)	$12 (-21.1%)	2.3%	$16.83	—	Com	835699307
CVS	CVS Health Corp	80,984 (-28.6%)	$6 (-35.4%)	1.1%	$55.33	+40.9%	Com	126650100
KMI	Kinder Morgan Inc P	607,715 (-4.1%)	$20 (+17.0%)	3.8%	$12.70	+134.3%	Com	49456B101
TER	Teradyne Inc	42,882 (-17.5%)	$13 (+26.3%)	2.4%	$94.59	+181.1%	Com	880770102
ADI	Analog Devices Inc	65,581 (-3.4%)	$21 (+13.3%)	3.9%	$87.18	+262.7%	Com	032654105
IBM	International Business Machines Corp	37,530 (-3.4%)	$9 (-20.9%)	1.7%	$116.29	+144.2%	Com	459200101
MKL	Markel Group Inc	7,049 (-2.0%)	$13 (-12.8%)	2.5%	$1384.72	+50.1%	Com	570535104
MLM	Martin Marietta Materials Inc	29,802 (-3.5%)	$18 (-8.8%)	3.3%	$201.49	+228.1%	Com	573284106
SYK	Stryker Corp	43,432 (-2.3%)	$14 (-8.6%)	2.7%	$207.34	+75.9%	Com	863667101
JCI	Johnson Controls International PLC	131,439 (-1.8%)	$17 (+7.3%)	3.2%	$46.15	+173.1%	Com	G51502105
HD	The Home Depot Inc	35,414 (-2.8%)	$12 (-7.1%)	2.2%	$224.14	+68.2%	Com	437076102
RTX	RTX CORP	104,400 (-8.3%)	$20 (-3.6%)	3.8%	$89.73	+119.1%	Com	75513E101
LRCX	Lam Research Corp	10,338 (-38.2%)	$2 (-22.9%)	0.4%	$76.15	+196.7%	Com	512807306
CFR	Cullen/Frost Bankers Inc	22,726 (-17.6%)	$3 (-10.8%)	0.6%	$53.18	+163.4%	Com	229899109
LLY	Eli Lilly and Co	1,048 (-13.2%)	$1 (-25.7%)	0.2%	$192.74	+443.3%	Com	532457108
NVDA	NVIDIA Corp	20,569 (-1.6%)	$4 (-8.0%)	0.7%	$96.94	+92.5%	Com	67066G104
SCHM	Schwab US Mid-Cap ETF	137,249 (-7.3%)	$4 (-4.5%)	0.8%	$13.06	—	ETF	808524508
BAC	Bank of America Corporation	15,602 (-8.3%)	$1 (-18.6%)	0.1%	$15.42	+248.1%	Com	060505104
AMZN	Amazon.com Inc	5,414 (-2.3%)	$1 (-11.9%)	0.2%	$145.60	+55.8%	Com	023135106
CSCO	Cisco Systems Inc	220,719 (-1.5%)	$17 (-0.8%)	3.2%	$25.35	+207.3%	Com	17275R102
META	Meta Platforms Inc Class A	890 (-2.7%)	$1 (-15.7%)	0.1%	$519.71	+26.1%	Com	30303M102
GOOGL	Alphabet Inc A	2,691 (-1.5%)	$1 (-9.5%)	0.1%	$114.13	+183.3%	Com	02079K305
GEV	GE Vernova Inc	517 (-9.1%)	$0 (+21.2%)	0.1%	$476.03	+54.8%	Com	36828A101
SCHX	Schwab US Large-Cap ETF	47,989 (-1.2%)	$1 (-5.9%)	0.2%	$0.03	—	ETF	808524201
V	Visa Inc Class A	666 (-13.2%)	$0 (-25.3%)	0.0%	$340.38	-3.3%	Com	92826C839
SCHG	Schwab US Large-Cap Growth ETF	7,068 (-15.7%)	$0 (-24.5%)	0.0%	$0.03	—	ETF	808524300
AMTM	Amentum Holdings Inc	20,044 (-1.3%)	$1 (-11.2%)	0.1%	$28.49	+17.5%	Com	023939101
COST	Costco Wholesale Corp	402 (-2.0%)	$0 (+13.3%)	0.1%	$496.48	+94.1%	Com	22160K105
JBHT	JB Hunt Transport Services Inc	2,743 (-1.6%)	$1 (+7.2%)	0.1%	$99.03	+116.0%	Com	445658107
QQQ	Invesco QQQ Trust	405 (-6.7%)	$0 (-12.4%)	0.0%	$0.51	—	ETF	46090E103
HOMB	Home BancShares Inc	19,594 (-1.7%)	$1 (-4.7%)	0.1%	$19.19	+51.0%	Com	436893200
BMY	Bristol-Myers Squibb Company	4,601 (-2.4%)	$0 (+9.8%)	0.1%	$47.53	+20.8%	Com	110122108
NFLX	Netflix Inc	2,320 (-11.1%)	$0 (-9.0%)	0.0%	$108.22	-22.5%	Com	64110L106
WMT	Wal-Mart Stores Inc	223,788 (-10.4%)	$28 (-0.0%)	5.2%	$45.06	+170.8%	Com	931142103

Unchanged Positions (29)

DIS Walt Disney Co 2.3%

Value ($000) $12 Shares 125,581 Est. Cost $75.18 Unrealized +45.6%

AAPL Apple Inc 3.3%

Value ($000) $18 Shares 70,030 Est. Cost $135.66 Unrealized +93.7%

LH Labcorp Holdings Inc 3.5%

Value ($000) $19 Shares 69,384 Est. Cost $201.87 Unrealized +34.3%

SCHW Charles Schwab Corp 3.2%

Value ($000) $17 Shares 182,420 Est. Cost $41.56 Unrealized +140.9%

J Jacobs Solutions Inc 3.0%

Value ($000) $16 Shares 125,298 Est. Cost $101.31 Unrealized +36.8%

ITW Illinois Tool Works Inc 2.4%

Value ($000) $13 Shares 48,288 Est. Cost $63.91 Unrealized +327.5%

PANW Palo Alto Networks Inc 0.3%

Value ($000) $2 Shares 10,223 Est. Cost $131.70 Unrealized +30.7%

BRK/B Berkshire Hathaway Inc B 0.9%

Value ($000) $5 Shares 10,123 Est. Cost $212.96 Unrealized +131.7%

JNJ Johnson & Johnson 0.2%

Value ($000) $1 Shares 4,535 Est. Cost $87.89 Unrealized +159.3%

ETR Entergy Corp 0.1%

Value ($000) $1 Shares 5,000 Est. Cost $48.77 Unrealized +99.7%

MRK Merck & Co Inc 0.1%

Value ($000) $1 Shares 5,866 Est. Cost $60.89 Unrealized +87.7%

EME EMCOR Group Inc 0.1%

Value ($000) $1 Shares 698 Est. Cost $440.85 Unrealized +64.8%

ABT Abbott Laboratories 0.1%

Value ($000) $0 Shares 3,870 Est. Cost $49.21 Unrealized +134.6%

KO Coca-Cola Co 0.2%

Value ($000) $1 Shares 12,686 Est. Cost $31.12 Unrealized +140.2%

BRK/A Berkshire Hathaway Inc A 0.3%

Value ($000) $1 Shares 2 Est. Cost $729330.75 Unrealized +1.5%

GOOG Alphabet Inc C 0.1%

Value ($000) $1 Shares 2,469 Est. Cost $143.86 Unrealized +125.0%

SO Southern Co 0.1%

Value ($000) $1 Shares 7,126 Est. Cost $39.23 Unrealized +128.2%

CAT Caterpillar Inc 0.1%

Value ($000) $0 Shares 407 Est. Cost $555.50 Unrealized +23.2%

TSN Tyson Foods Inc Class A 0.1%

Value ($000) $1 Shares 9,592 Est. Cost $35.18 Unrealized +77.0%

AEP American Electric Power Co Inc 0.1%

Value ($000) $0 Shares 3,160 Est. Cost $43.35 Unrealized +178.1%

ANET Arista Networks Inc 0.1%

Value ($000) $1 Shares 5,513 Est. Cost $102.84 Unrealized +31.3%

ABBV AbbVie Inc 0.2%

Value ($000) $1 Shares 4,355 Est. Cost $65.73 Unrealized +238.6%

WCN Waste Connections Inc 0.1%

Value ($000) $0 Shares 1,772 Est. Cost $57.45 Unrealized +191.3%

PEP PepsiCo Inc 0.1%

Value ($000) $0 Shares 1,809 Est. Cost $100.24 Unrealized +54.4%

RF Regions Financial Corp 0.1%

Value ($000) $0 Shares 13,168 Est. Cost $8.66 Unrealized +234.7%

IWS iShares Russell Mid-Cap Value ETF 0.0%

Value ($000) $0 Shares 1,781 Est. Cost $122.44 Unrealized —

DFAC Dimensional US Core Equity ETF 0.0%

Value ($000) $0 Shares 5,502 Est. Cost $0.04 Unrealized —

WEST Westrock Coffee 0.0%

Value ($000) $0 Shares 23,615 Est. Cost $6.26 Unrealized -25.2%

OZK Bank OZK 0.1%

Value ($000) $0 Shares 6,841 Est. Cost $26.69 Unrealized +81.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIS	Walt Disney Co	125,581	$12	2.3%	$75.18	+45.6%	Com	254687106
AAPL	Apple Inc	70,030	$18	3.3%	$135.66	+93.7%	Com	037833100
LH	Labcorp Holdings Inc	69,384	$19	3.5%	$201.87	+34.3%	Com	504922105
SCHW	Charles Schwab Corp	182,420	$17	3.2%	$41.56	+140.9%	Com	808513105
J	Jacobs Solutions Inc	125,298	$16	3.0%	$101.31	+36.8%	Com	46982L108
ITW	Illinois Tool Works Inc	48,288	$13	2.4%	$63.91	+327.5%	Com	452308109
PANW	Palo Alto Networks Inc	10,223	$2	0.3%	$131.70	+30.7%	Com	697435105
BRK/B	Berkshire Hathaway Inc B	10,123	$5	0.9%	$212.96	+131.7%	Com	084670702
JNJ	Johnson & Johnson	4,535	$1	0.2%	$87.89	+159.3%	Com	478160104
ETR	Entergy Corp	5,000	$1	0.1%	$48.77	+99.7%	Com	29364G103
MRK	Merck & Co Inc	5,866	$1	0.1%	$60.89	+87.7%	Com	58933Y105
EME	EMCOR Group Inc	698	$1	0.1%	$440.85	+64.8%	Com	29084Q100
ABT	Abbott Laboratories	3,870	$0	0.1%	$49.21	+134.6%	Com	002824100
KO	Coca-Cola Co	12,686	$1	0.2%	$31.12	+140.2%	Com	191216100
BRK/A	Berkshire Hathaway Inc A	2	$1	0.3%	$729330.75	+1.5%	Com	084670108
GOOG	Alphabet Inc C	2,469	$1	0.1%	$143.86	+125.0%	Com	02079K107
SO	Southern Co	7,126	$1	0.1%	$39.23	+128.2%	Com	842587107
CAT	Caterpillar Inc	407	$0	0.1%	$555.50	+23.2%	Com	149123101
TSN	Tyson Foods Inc Class A	9,592	$1	0.1%	$35.18	+77.0%	Com	902494103
AEP	American Electric Power Co Inc	3,160	$0	0.1%	$43.35	+178.1%	Com	025537101
ANET	Arista Networks Inc	5,513	$1	0.1%	$102.84	+31.3%	Com	040413205
ABBV	AbbVie Inc	4,355	$1	0.2%	$65.73	+238.6%	Com	00287Y109
WCN	Waste Connections Inc	1,772	$0	0.1%	$57.45	+191.3%	Com	94106B101
PEP	PepsiCo Inc	1,809	$0	0.1%	$100.24	+54.4%	Com	713448108
RF	Regions Financial Corp	13,168	$0	0.1%	$8.66	+234.7%	Com	7591EP100
IWS	iShares Russell Mid-Cap Value ETF	1,781	$0	0.0%	$122.44	—	ETF	464287473
DFAC	Dimensional US Core Equity ETF	5,502	$0	0.0%	$0.04	—	ETF	25434V708
WEST	Westrock Coffee	23,615	$0	0.0%	$6.26	-25.2%	Com	96145W103
OZK	Bank OZK	6,841	$0	0.1%	$26.69	+81.1%	Com	06417N103