Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GOOG	Alphabet Inc. Class C	21,981	$6.306M	4.1%	$286.87 *	$113.23	+185.9%	COM	02079K107
KLAC	KLA Corp.	3,509	$5.167M	3.3%	$1472.49	$501.52	+191.5%	COM	482480100
LRCX	Lam Research Corp.	20,501	$4.38M	2.8%	$213.66 *	$77.56	+191.3%	COM	512807306
NVS	Novartis AG ADR	25,727	$3.93M	2.5%	$152.75	$97.36	—	ADR	66987V109
SNA	Snap-on Inc.	8,872	$3.222M	2.1%	$363.22 *	$144.72	+156.6%	COM	833034101
LIN	Linde PLC	6,497	$3.221M	2.1%	$495.73 *	$353.40	+30.2%	COM	G54950103
PH	Parker Hannifin Corp.	3,523	$3.154M	2.0%	$895.18 *	$152.98	+526.1%	COM	701094104
PAC	Grupo Aeroportuario Del Pacifi	11,702	$2.889M	1.9%	$246.87	$106.67	—	ADR	400506101
ITT	ITT Corp.	15,137	$2.884M	1.9%	$190.53	$45.94	+314.6%	COM	45073V108
TMTNF	Toromont Industries Ltd.	19,322	$2.705M	1.8%	$140.00 *	$84.70	+56.2%	COM	891102105
TSM	Taiwan Semiconductor Manufactu	7,994	$2.702M	1.7%	$337.95	$114.67	—	ADR	874039100
HUBB	Hubbell Inc.	5,437	$2.668M	1.7%	$490.78	$105.94	+367.6%	COM	443510607
—	Schneider Electric SA	9,476	$2.508M	1.6%	$264.70	$96.42	—	COM	483410007
GWW	W.W. Grainger, Inc.	2,271	$2.477M	1.6%	$1090.84	$296.14	+269.6%	COM	384802104
KMI	Kinder Morgan, Inc.	71,979	$2.413M	1.6%	$33.53 *	$17.08	+74.1%	COM	49456B101
MCD	McDonald's Corp.	7,692	$2.391M	1.5%	$310.78 *	$145.18	+118.5%	COM	580135101
ATO	Atmos Energy Corp.	12,504	$2.31M	1.5%	$184.72 *	$101.52	+68.9%	COM	049560105
SKT	Tanger Factory Outlet Centers,	64,383	$2.188M	1.4%	$33.98	$7.31	—	COM	875465106
PLBC	Plumas Bancorp	44,793	$2.187M	1.4%	$48.82	$42.94	+15.2%	COM	729273102
DLMAF	Dollarama Inc.	17,589	$2.159M	1.4%	$122.73 *	$141.47	0.0%	COM	25675T107
WTFC	Wintrust Financial Corp.	14,648	$2.035M	1.3%	$138.94 *	$126.97	+18.2%	COM	97650W108
SHW	Sherwin-Williams Co.	6,261	$2.007M	1.3%	$320.57 *	$167.62	+112.0%	COM	824348106
MGY	Magnolia Oil & Gas Corp.	61,976	$1.957M	1.3%	$31.57 *	$15.80	+56.9%	COM	559663109
TTE	TotalEnergies SE ADR	21,059	$1.916M	1.2%	$90.98 *	$63.33	+13.0%	ADR	F92124100
ETN	Eaton Corp. PLC	5,147	$1.841M	1.2%	$357.68	$221.90	+59.4%	COM	G29183103
PBA	Pembina Pipeline Corp.	40,098	$1.795M	1.2%	$44.76 *	$23.02	+78.1%	COM	706327103
CME	CME Group Inc.	6,010	$1.775M	1.1%	$295.37 *	$244.71	+18.2%	COM	12572Q105
FISV	Fiserv Inc.	31,403	$1.752M	1.1%	$55.80 *	$72.62	-11.9%	COM	337738108
ADP	Automatic Data Processing, Inc	8,571	$1.741M	1.1%	$203.18 *	$90.60	+165.8%	COM	053015103
LECO	Lincoln Electric Holdings, Inc	6,815	$1.698M	1.1%	$249.09 *	$107.13	+152.7%	COM	533900106
NSC	Norfolk & Southern Corp.	5,764	$1.654M	1.1%	$287.01 *	$77.07	+286.9%	COM	655844108
IRMD	IRadimed Corp.	17,171	$1.653M	1.1%	$96.26 *	$47.31	+110.9%	COM	46266A109
MTD	Mettler-Toledo International,	1,287	$1.623M	1.1%	$1261.20 *	$465.00	+203.9%	COM	592688105
—	Gaztransport et Technigaz SAS	6,883	$1.616M	1.0%	$234.78	$71.06	—	COM	ACI07W296
CPK	Chesapeake Utilities Corp.	12,347	$1.56M	1.0%	$126.37	$56.97	+125.1%	COM	165303108
EPD	Enterprise Products Partners L	40,467	$1.531M	1.0%	$37.84	$34.26	—	UNIT LTD PARTN	293792107
—	Banco del Bajio SA	493,886	$1.526M	1.0%	$3.09	$1.78	—	COM	ACI0VM9Y9
PAYX	Paychex, Inc.	16,537	$1.523M	1.0%	$92.12 *	$75.11	+35.8%	COM	704326107
CMI	Cummins Inc.	2,804	$1.508M	1.0%	$537.95 *	$143.58	+300.8%	COM	231021106
—	Sparebank 1 SR-Bank	69,032	$1.503M	1.0%	$21.77	$8.27	—	COM	B40JTQ902
ET	Energy Transfer LP	76,534	$1.477M	1.0%	$19.30	$11.86	—	UNIT LTD PARTN	29273V100
WES	Western Midstream Partners, LP	35,395	$1.457M	0.9%	$41.17	$28.79	—	UNIT LTD PARTN	958669103
GRMN	Garmin LTD	6,268	$1.454M	0.9%	$232.03 *	$107.79	+99.0%	COM	H2906T109
FBK	FB Financial Corp.	27,960	$1.452M	0.9%	$51.94 *	$28.11	+108.4%	COM	30257X104
PMREF	Primaris REIT	139,019	$1.444M	0.9%	$10.39	$10.51	—	COM	74167K109
—	Sabre Insurance Group PLC	684,990	$1.417M	0.9%	$2.07	$1.68	—	COM	BYWVDP903
FAST	Fastenal Co.	28,575	$1.326M	0.9%	$46.40 *	$32.86	+34.7%	COM	311900104
AGYS	Agilysys, Inc.	18,578	$1.322M	0.9%	$71.14 *	$56.12	+71.2%	COM	00847J105
CHRD	Chord Energy Corp.	9,242	$1.314M	0.9%	$142.18 *	$125.54	-22.1%	COM	674215207
ATR	AptarGroup, Inc.	10,388	$1.309M	0.8%	$126.02 *	$68.62	+89.6%	COM	038336103
—	Straumann Holdings AG	12,390	$1.272M	0.8%	$102.63	$131.58	—	COM	715683900
ENB	Enbridge Inc.	23,241	$1.258M	0.8%	$54.14 *	$23.81	+104.0%	COM	29250N105
CLMB	Climb Global Solutions Inc.	62,275	$1.234M	0.8%	$19.82 *	$97.01	+19.8%	COM	946760105
AAPL	Apple Inc.	4,729	$1.2M	0.8%	$253.79 *	$98.52	+166.8%	COM	037833100
META	Meta Platforms, Inc.	2,082	$1.191M	0.8%	$571.99 *	$326.40	+100.8%	COM	30303M102
APA	APA Corp.	27,772	$1.179M	0.8%	$42.44 *	$17.40	+51.9%	COM	03743Q108
NDSN	Nordson Corp.	4,333	$1.153M	0.7%	$266.08 *	$121.42	+128.3%	COM	655663102
EMR	Emerson Electric Co.	8,677	$1.137M	0.7%	$131.03 *	$64.97	+128.5%	COM	291011104
GVDNY	Givaudan SA ADR	16,692	$1.132M	0.7%	$67.81	$42.51	—	ADR	37636P108
VET	Vermilion Energy Trust	81,755	$1.127M	0.7%	$13.78 *	$11.18	-15.0%	COM	923725105
LIFZF	Labrador Iron Ore Royalty Corp	52,757	$1.102M	0.7%	$20.89 *	$22.23	0.0%	COM	505440107
T	AT&T Inc.	35,792	$1.038M	0.7%	$28.99 *	$16.29	+58.1%	COM	00206R102
AMAT	Applied Material, Inc.	3,009	$1.028M	0.7%	$341.79 *	$125.86	+159.5%	COM	038222105
—	Compagnie Michelin	30,199	$1.018M	0.7%	$33.73	$30.48	—	COM	BPBPJ0907
ECL	Ecolab, Inc.	3,808	$1.013M	0.7%	$266.04 *	$165.93	+72.5%	COM	278865100
TXRH	Texas Roadhouse, Inc.	6,050	$999K	0.6%	$165.13 *	$148.09	+24.6%	COM	882681109
GTY	Getty Realty Corp.	30,527	$971K	0.6%	$31.80	$27.37	—	COM	374297109
GAIN	Gladstone Investment Corp.	67,936	$965K	0.6%	$14.20 *	$7.81	+76.8%	COM	376546107
HON	Honeywell International Inc.	4,196	$948K	0.6%	$226.04	$88.65	+154.9%	COM	438516106
—	Commonwealth Bank of Australia	7,565	$876K	0.6%	$115.74	$73.21	—	COM	621503002
BHP	BHP LTD ADR	11,942	$869K	0.6%	$72.74	$74.15	—	ADR	088606108
VZ	Verizon Communications Inc.	15,429	$775K	0.5%	$50.20 *	$33.98	+28.9%	COM	92343V104
—	Keyera Corp.	19,058	$737K	0.5%	$38.68	$25.35	—	COM	593271951
CVS	CVS Health Corp.	10,076	$724K	0.5%	$71.82 *	$52.24	+49.2%	COM	126650100
LNG	Cheniere Energy, Inc.	2,519	$715K	0.5%	$283.76 *	$172.42	+21.7%	COM	16411R208
MGDDY	Michelin ADR	41,616	$709K	0.5%	$17.04	$15.81	—	ADR	59410T106
GILD	Gilead Sciences Inc	5,012	$699K	0.5%	$139.37	$58.94	+134.8%	COM	375558103
SHEL	Shell PLC ADR	7,471	$695K	0.4%	$93.00	$55.39	—	ADR	780259305
CMWAY	Commonwealth Bank of Australia	5,826	$688K	0.4%	$118.02	$74.02	—	COM	202712600
NBIS	Nebius Group NV	6,495	$674K	0.4%	$103.76 *	$34.43	+180.0%	COM	N97284108
GGG	Graco Inc.	7,806	$661K	0.4%	$84.65 *	$41.80	+113.3%	COM	384109104
TNC	Tennant Co.	9,918	$659K	0.4%	$66.40 *	$58.11	+34.0%	COM	880345103
CHD	Church & Dwight Company, Inc.	7,057	$659K	0.4%	$93.32	$49.49	+91.6%	COM	171340102
AVGO	Broadcom Inc.	2,107	$652K	0.4%	$309.51 *	$167.27	+99.8%	COM	11135F101
DMLP	Dorchester Minerals LP	22,536	$611K	0.4%	$27.10	$15.99	—	UNIT LTD PARTN	25820R105
GUKYF	Gulf Keystone Petroleum LTD	211,075	$592K	0.4%	$2.80 *	$2.25	+14.8%	COM	G4209G207
NVDA	NVIDIA Corp.	3,187	$556K	0.4%	$174.40 *	$127.44	+46.4%	COM	67066G104
GTBIF	Green Thumb Industries Inc.	85,650	$546K	0.4%	$6.38 *	$15.24	-51.7%	COM	39342L108
ZTS	Zoetis Inc.	4,231	$500K	0.3%	$118.21 *	$125.98	0.0%	COM	98978V103
ABNB	Airbnb Inc.	3,794	$479K	0.3%	$126.28 *	$127.58	+1.4%	COM	009066101
BMY	Bristol Myers Squibb Co.	7,218	$438K	0.3%	$60.65 *	$49.76	+15.4%	COM	110122108
LUNMF	Lundin Mining Corporation	17,445	$435K	0.3%	$24.94 *	$8.96	+184.9%	COM	550372106
C	Citigroup Inc.	3,824	$434K	0.3%	$113.41 *	$67.74	+71.5%	COM	172967424
MSFT	Microsoft Corp.	1,156	$428K	0.3%	$370.17 *	$435.97	-0.3%	COM	594918104
CHCT	Community Healthcare Trust Inc	26,648	$423K	0.3%	$15.89	$39.45	—	COM	20369C106
DDOG	Datadog, Inc.	3,577	$422K	0.3%	$118.05 *	$123.10	+0.7%	COM	23804L103
ADM	Archer Daniels Midland	5,435	$395K	0.3%	$72.69 *	$47.47	+38.3%	COM	039483102
CF	CF Industries Holdings, Inc.	2,870	$373K	0.2%	$129.84 *	$76.14	+18.3%	COM	125269100
NHI	National Health Investors, Inc	4,489	$363K	0.2%	$80.86	$65.45	—	COM	63633D104
OMC	Omnicom Group	4,731	$356K	0.2%	$75.31	$60.79	+25.9%	COM	681919106
HII	Huntington Ingalls Industries,	888	$337K	0.2%	$379.90 *	$221.33	+85.5%	COM	446413106
VTRS	Viatris Inc.	24,406	$330K	0.2%	$13.51 *	$9.88	+42.6%	COM	92556V106
GOOGL	Alphabet Inc. Class A	1,139	$328K	0.2%	$287.56 *	$209.20	+54.5%	COM	02079K305
OKE	ONEOK Inc.	3,428	$310K	0.2%	$90.40 *	$55.66	+41.1%	COM	682680103
VRSN	VeriSign, Inc.	1,229	$305K	0.2%	$248.36 *	$225.24	+4.5%	COM	92343E102
HPE	Hewlett Packard Enterprise Com	12,634	$301K	0.2%	$23.81 *	$22.07	0.0%	COM	42824C109
NXPI	NXP Semiconductors N.V.	1,394	$274K	0.2%	$196.86 *	$215.40	+8.8%	COM	N6596X109
PSA	Public Storage	977	$265K	0.2%	$270.88 *	$260.76	-0.9%	COM	74460D109
PYPL	PayPal Holdings, Inc.	5,633	$255K	0.2%	$45.23 *	$72.79	-31.2%	COM	70450Y103
ZM	Zoom Communications Inc.	3,131	$252K	0.2%	$80.39 *	$78.69	+11.9%	COM	98980L101
SIEGY	Siemens Aktiengesellschaft	2,038	$248K	0.2%	$121.88	$115.98	—	COM	826197501
FLS	Flowserve Corp.	3,329	$245K	0.2%	$73.51 *	$64.66	+24.8%	COM	34354P105
—	Precinct Properties New Zealan	405,912	$241K	0.2%	$0.59	$0.59	—	COM	q7740q104
AME	Ametek, Inc.	1,084	$232K	0.2%	$214.36 *	$171.25	+30.4%	COM	031100100
TCNNF	Trulieve Cannabis Corp.	39,203	$220K	0.1%	$5.60 *	$21.82	-65.6%	COM	89788C104
V	Visa Inc.	719	$217K	0.1%	$302.24 *	$299.24	+10.0%	COM	92826C839
LKQ	LKQ Corp.	7,204	$212K	0.1%	$29.37 *	$33.79	-1.6%	COM	501889208
NNN	National Retail Properties	4,904	$206K	0.1%	$42.03	$42.03	—	COM	637417106
TTTRF	Treatt PLC	72,963	$190K	0.1%	$2.60 *	$2.79	0.0%	COM	G9026D113
CURLF	Curaleaf Holdings, Inc.	75,079	$161K	0.1%	$2.14 *	$7.47	-67.1%	COM	23126M102
CRLBF	Cresco Labs	88,035	$76,590	0.0%	$0.87 *	$7.81	-85.5%	COM	22587M106
MRNFF	Meren Energy Inc.	40,000	$70,000	0.0%	$1.75 *	$1.27	+18.1%	COM	588914101
—	Coats Group PLC	29,376	$31,050	0.0%	$1.06	$0.80	—	COM	B4YZN3906
—	Credito Real Sofom ENR	918,094	$17,914	0.0%	$0.02	$0.79	—	COM	B8DST5905
CBSTF	Cannabist Company Holdings Inc	35,390	$1,030	0.0%	$0.03	$0.50	-91.2%	COM	13765Y103
AYRWF	AYR Wellness Inc.	12,946	$203	0.0%	$0.02	$4.36	-99.5%	COM	05475P109
ROSYY	Rostelecom Long Distance ADR	46,280	$5	0.0%	$0.00	$7.57	—	ADR	778529107
—	Novolipetsk GDR	15,295	$2	0.0%	$0.00	$20.36	—	ADR	B0RTNX900
—	Indiva Limited	107,000	$0	0.0%	$0.00	$0.20	—	COM	45580J101