Stamos Capital Partners, L.P. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIPC	BROOKFIELD INFRASTRUCTURE CO	7,849	$310	0.0%	$47.03	0.0%	COM SUB VTG A	11276H106
BAM	BROOKFIELD ASSET MANAGMT LTD	6,851	$305	0.0%	$51.45	0.0%	CL A LMT VTG SHS	113004105
BEPC	BROOKFIELD RENEWABLE CORP	7,606	$303	0.0%	$40.98	0.0%	CL A EX SUB VTG	11285B108
KKR	KKR & CO INC	2,357	$218	0.0%	$114.76	0.0%	COM	48251W104
CG	CARLYLE GROUP INC	4,382	$212	0.0%	$58.97	0.0%	COM	14316J108
TPG	TPG INC	5,037	$204	0.0%	$57.26	0.0%	COM CL A	872657101

Increased Positions (72)

MSFT MICROSOFT CORP 2.5%

Value ($000) $15,864 (+47.3%) Shares 42,855 (+92.5%) Est. Cost $407.10 Unrealized +6.8%

IBM INTERNATIONAL BUSINESS MACHS 0.6%

Value ($000) $3,831 (+613.8%) Shares 15,805 (+772.2%) Est. Cost $266.20 Unrealized +6.7%

V VISA INC 1.2%

Value ($000) $7,974 (+33.4%) Shares 26,383 (+54.7%) Est. Cost $320.34 Unrealized +2.8%

NFLX NETFLIX INC. 0.9%

Value ($000) $5,867 (+51.4%) Shares 61,022 (+47.7%) Est. Cost $99.34 Unrealized -15.6%

AVGO BROADCOM INC 0.8%

Value ($000) $4,800 (+64.4%) Shares 15,507 (+83.9%) Est. Cost $248.95 Unrealized +34.2%

JPM JPMORGAN CHASE & CO 1.7%

Value ($000) $10,577 (+19.6%) Shares 35,956 (+31.0%) Est. Cost $212.49 Unrealized +46.6%

CRWD CROWDSTRIKE HLDGS INC 0.4%

Value ($000) $2,873 (+148.4%) Shares 7,359 (+198.3%) Est. Cost $401.25 Unrealized +7.4%

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.4%

Value ($000) $8,664 (+24.2%) Shares 25,637 (+11.7%) Est. Cost $166.56 Unrealized —

SONY SONY GROUP CORP 0.8%

Value ($000) $4,822 (+46.5%) Shares 232,958 (+81.2%) Est. Cost $28.04 Unrealized —

AMZN AMAZON COM INC 1.5%

Value ($000) $9,867 (+17.9%) Shares 47,377 (+30.7%) Est. Cost $187.12 Unrealized +21.2%

PANW PALO ALTO NETWORKS INC 0.7%

Value ($000) $4,201 (+54.7%) Shares 26,204 (+77.7%) Est. Cost $171.55 Unrealized +0.3%

CRM SALESFORCE INC 1.0%

Value ($000) $6,683 (+27.8%) Shares 35,803 (+81.4%) Est. Cost $239.16 Unrealized -9.8%

BX BLACKSTONE INC 0.8%

Value ($000) $5,182 (+38.9%) Shares 45,069 (+86.2%) Est. Cost $139.55 Unrealized +0.9%

NVDA NVIDIA CORPORATION 0.8%

Value ($000) $4,855 (+42.3%) Shares 27,840 (+52.1%) Est. Cost $142.86 Unrealized +30.6%

BN BROOKFIELD CORP 0.8%

Value ($000) $4,994 (+36.3%) Shares 123,391 (+54.6%) Est. Cost $40.52 Unrealized +15.2%

NOW SERVICENOW INC 0.5%

Value ($000) $3,116 (+60.2%) Shares 29,802 (+134.7%) Est. Cost $143.18 Unrealized -15.4%

BLK BLACKROCK INC 1.0%

Value ($000) $6,376 (+20.7%) Shares 6,630 (+34.3%) Est. Cost $1023.79 Unrealized +7.2%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value ($000) $3,989 (+36.9%) Shares 19,610 (+44.1%) Est. Cost $166.26 Unrealized +33.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $5,006 (+27.1%) Shares 10,447 (+33.4%) Est. Cost $485.46 Unrealized +1.7%

AGG ISHARES TR 14.4%

Value ($000) $91,932 (+1.1%) Shares 926,085 (+1.7%) Est. Cost $98.96 Unrealized —

DELL DELL TECHNOLOGIES INC 0.6%

Value ($000) $3,710 (+36.2%) Shares 22,604 (+4.5%) Est. Cost $101.12 Unrealized +17.7%

UNH UNITEDHEALTH GROUP INC 2.3%

Value ($000) $14,773 (+6.4%) Shares 54,597 (+29.8%) Est. Cost $369.12 Unrealized -16.4%

BAC BANK AMERICA CORP 1.3%

Value ($000) $8,186 (+11.3%) Shares 167,913 (+25.5%) Est. Cost $38.48 Unrealized +39.4%

HDB HDFC BANK LTD 0.5%

Value ($000) $3,352 (+32.4%) Shares 134,716 (+94.5%) Est. Cost $36.08 Unrealized —

ADBE ADOBE INC 0.9%

Value ($000) $5,849 (+12.5%) Shares 24,061 (+61.9%) Est. Cost $377.67 Unrealized -23.2%

BCS BARCLAYS PLC 0.5%

Value ($000) $3,071 (+25.3%) Shares 145,126 (+50.7%) Est. Cost $12.80 Unrealized —

DIS DISNEY WALT CO 1.1%

Value ($000) $7,028 (+9.4%) Shares 72,922 (+29.2%) Est. Cost $105.29 Unrealized +3.9%

UBS UBS GROUP AG 0.4%

Value ($000) $2,750 (+27.2%) Shares 70,376 (+50.8%) Est. Cost $35.12 Unrealized +29.7%

IYR ISHARES TR 0.6%

Value ($000) $3,622 (+17.6%) Shares 38,300 (+16.7%) Est. Cost $92.73 Unrealized —

LLY ELI LILLY & CO 0.9%

Value ($000) $5,637 (+9.8%) Shares 6,129 (+28.3%) Est. Cost $834.09 Unrealized +25.5%

NVO NOVO-NORDISK A S 1.0%

Value ($000) $6,520 (-6.9%) Shares 177,423 (+28.9%) Est. Cost $59.20 Unrealized —

SNOW SNOWFLAKE INC 0.3%

Value ($000) $1,609 (+39.0%) Shares 10,667 (+102.1%) Est. Cost $177.11 Unrealized +9.8%

F FORD MTR CO 0.7%

Value ($000) $4,624 (+10.7%) Shares 400,657 (+25.8%) Est. Cost $10.93 Unrealized +25.7%

SPGI S&P GLOBAL INC 0.3%

Value ($000) $2,105 (+25.6%) Shares 4,949 (+54.3%) Est. Cost $488.17 Unrealized -0.6%

MCO MOODYS CORP 0.2%

Value ($000) $1,396 (+44.1%) Shares 3,201 (+68.7%) Est. Cost $473.12 Unrealized +3.5%

CNI CANADIAN NATL RY CO 1.0%

Value ($000) $6,292 (+5.7%) Shares 61,225 (+1.7%) Est. Cost $102.49 Unrealized -0.4%

PAVE GLOBAL X FDS 0.7%

Value ($000) $4,784 (+7.6%) Shares 94,151 (+1.2%) Est. Cost $44.41 Unrealized —

PG PROCTER & GAMBLE CO 0.8%

Value ($000) $5,121 (+6.7%) Shares 35,451 (+5.9%) Est. Cost $144.78 Unrealized +4.8%

USRT ISHARES TR 0.5%

Value ($000) $3,401 (+10.4%) Shares 57,453 (+6.2%) Est. Cost $55.92 Unrealized —

CVS CVS HEALTH CORP 0.9%

Value ($000) $5,654 (+5.0%) Shares 78,722 (+16.0%) Est. Cost $70.15 Unrealized +11.1%

HSBC HSBC HLDGS PLC 0.5%

Value ($000) $3,182 (+8.1%) Shares 38,573 (+3.1%) Est. Cost $43.83 Unrealized —

XBI SPDR SERIES TRUST 0.5%

Value ($000) $3,221 (+7.1%) Shares 25,221 (+2.2%) Est. Cost $90.70 Unrealized —

CB CHUBB LTD SWITZ 0.2%

Value ($000) $1,380 (+17.9%) Shares 4,234 (+12.9%) Est. Cost $290.05 Unrealized +9.0%

MFC MANULIFE FINL CORP 0.2%

Value ($000) $1,589 (+14.5%) Shares 46,131 (+20.7%) Est. Cost $22.86 Unrealized +62.3%

AAPL APPLE INC 1.2%

Value ($000) $7,472 (-2.4%) Shares 29,441 (+4.6%) Est. Cost $202.81 Unrealized +29.6%

CEG CONSTELLATION ENERGY CORP 0.4%

Value ($000) $2,712 (+7.2%) Shares 9,712 (+35.6%) Est. Cost $202.66 Unrealized +48.6%

UBER UBER TECHNOLOGIES INC 0.6%

Value ($000) $3,560 (+4.6%) Shares 49,488 (+18.8%) Est. Cost $75.29 Unrealized +4.6%

HPQ HP INC 0.1%

Value ($000) $837 (+22.7%) Shares 43,549 (+42.3%) Est. Cost $25.45 Unrealized -22.3%

CI THE CIGNA GROUP 0.9%

Value ($000) $5,544 (+2.8%) Shares 20,785 (+6.1%) Est. Cost $279.32 Unrealized +0.5%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $2,225 (+6.9%) Shares 4,526 (+26.0%) Est. Cost $507.38 Unrealized +13.2%

BXP BXP INC 0.2%

Value ($000) $1,454 (+10.4%) Shares 28,008 (+43.6%) Est. Cost $64.08 Unrealized +5.8%

MA MASTERCARD INCORPORATED 0.5%

Value ($000) $3,372 (+4.2%) Shares 6,748 (+19.0%) Est. Cost $526.19 Unrealized +2.4%

GOOGL ALPHABET INC 2.5%

Value ($000) $15,952 (-0.8%) Shares 55,472 (+8.0%) Est. Cost $156.67 Unrealized +106.3%

FINX GLOBAL X FDS 0.3%

Value ($000) $2,050 (+6.2%) Shares 88,738 (+35.3%) Est. Cost $28.53 Unrealized —

BA BOEING CO 0.9%

Value ($000) $6,062 (+2.0%) Shares 30,460 (+11.3%) Est. Cost $191.54 Unrealized +24.5%

GIS GENERAL MILLS INC 0.5%

Value ($000) $3,103 (+3.9%) Shares 83,376 (+29.9%) Est. Cost $52.35 Unrealized -13.1%

FSLR FIRST SOLAR INC 0.2%

Value ($000) $1,332 (+8.9%) Shares 6,751 (+44.2%) Est. Cost $187.44 Unrealized +26.5%

IQV IQVIA HLDGS INC 0.3%

Value ($000) $1,782 (+5.9%) Shares 10,452 (+40.0%) Est. Cost $198.45 Unrealized +5.9%

HD HOME DEPOT INC 0.5%

Value ($000) $3,366 (-2.6%) Shares 10,235 (+1.9%) Est. Cost $352.18 Unrealized +7.0%

ADP AUTOMATIC DATA PROCESSING IN 0.5%

Value ($000) $3,411 (+2.7%) Shares 16,789 (+30.0%) Est. Cost $254.13 Unrealized -5.2%

ARE ALEXANDRIA REAL ESTATE EQ IN 0.3%

Value ($000) $1,620 (+5.7%) Shares 34,904 (+11.4%) Est. Cost $69.04 Unrealized -29.1%

LEN LENNAR CORP 0.4%

Value ($000) $2,417 (-3.1%) Shares 27,838 (+14.8%) Est. Cost $120.03 Unrealized -4.6%

GM GENERAL MTRS CO 0.3%

Value ($000) $2,124 (+3.0%) Shares 28,516 (+12.5%) Est. Cost $47.61 Unrealized +72.7%

DHI D R HORTON INC 0.4%

Value ($000) $2,440 (-2.3%) Shares 17,783 (+2.5%) Est. Cost $132.15 Unrealized +18.0%

MDT MEDTRONIC PLC 0.7%

Value ($000) $4,630 (+1.0%) Shares 53,432 (+12.0%) Est. Cost $81.95 Unrealized +21.4%

VST VISTRA CORP 0.3%

Value ($000) $1,947 (+1.9%) Shares 12,949 (+9.4%) Est. Cost $101.19 Unrealized +61.3%

ISRG INTUITIVE SURGICAL INC 0.2%

Value ($000) $1,066 (+3.3%) Shares 2,312 (+26.9%) Est. Cost $535.13 Unrealized -2.6%

ICE INTERCONTINENTAL EXCHANGE IN 0.2%

Value ($000) $1,447 (+1.8%) Shares 9,202 (+4.8%) Est. Cost $155.28 Unrealized +6.2%

MMM 3M CO 0.1%

Value ($000) $668 (+3.5%) Shares 4,597 (+14.1%) Est. Cost $93.76 Unrealized +74.9%

GE GE AEROSPACE 0.3%

Value ($000) $2,161 (+0.9%) Shares 7,616 (+9.5%) Est. Cost $163.47 Unrealized +94.6%

PHO INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $659 (+2.9%) Shares 9,854 (+8.4%) Est. Cost $66.60 Unrealized —

TM TOYOTA MOTOR CORP 1.7%

Value ($000) $10,840 (+0.2%) Shares 52,600 (+4.0%) Est. Cost $177.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	42,855 (+92.5%)	$15,864 (+47.3%)	2.5%	$407.10	+6.8%	COM	594918104
IBM	INTERNATIONAL BUSINESS MACHS	15,805 (+772.2%)	$3,831 (+613.8%)	0.6%	$266.20	+6.7%	COM	459200101
V	VISA INC	26,383 (+54.7%)	$7,974 (+33.4%)	1.2%	$320.34	+2.8%	COM CL A	92826C839
NFLX	NETFLIX INC.	61,022 (+47.7%)	$5,867 (+51.4%)	0.9%	$99.34	-15.6%	COM	64110L106
AVGO	BROADCOM INC	15,507 (+83.9%)	$4,800 (+64.4%)	0.8%	$248.95	+34.2%	COM	11135F101
JPM	JPMORGAN CHASE & CO	35,956 (+31.0%)	$10,577 (+19.6%)	1.7%	$212.49	+46.6%	COM	46625H100
CRWD	CROWDSTRIKE HLDGS INC	7,359 (+198.3%)	$2,873 (+148.4%)	0.4%	$401.25	+7.4%	CL A	22788C105
TSM	TAIWAN SEMICONDUCTOR MANUFAC	25,637 (+11.7%)	$8,664 (+24.2%)	1.4%	$166.56	—	SPONSORED ADS	874039100
SONY	SONY GROUP CORP	232,958 (+81.2%)	$4,822 (+46.5%)	0.8%	$28.04	—	SPONSORED ADR	835699307
AMZN	AMAZON COM INC	47,377 (+30.7%)	$9,867 (+17.9%)	1.5%	$187.12	+21.2%	COM	023135106
PANW	PALO ALTO NETWORKS INC	26,204 (+77.7%)	$4,201 (+54.7%)	0.7%	$171.55	+0.3%	COM	697435105
CRM	SALESFORCE INC	35,803 (+81.4%)	$6,683 (+27.8%)	1.0%	$239.16	-9.8%	COM	79466L302
BX	BLACKSTONE INC	45,069 (+86.2%)	$5,182 (+38.9%)	0.8%	$139.55	+0.9%	COM	09260D107
NVDA	NVIDIA CORPORATION	27,840 (+52.1%)	$4,855 (+42.3%)	0.8%	$142.86	+30.6%	COM	67066G104
BN	BROOKFIELD CORP	123,391 (+54.6%)	$4,994 (+36.3%)	0.8%	$40.52	+15.2%	CL A LTD VT SH	11271J107
NOW	SERVICENOW INC	29,802 (+134.7%)	$3,116 (+60.2%)	0.5%	$143.18	-15.4%	COM	81762P102
BLK	BLACKROCK INC	6,630 (+34.3%)	$6,376 (+20.7%)	1.0%	$1023.79	+7.2%	COM	09290D101
AMD	ADVANCED MICRO DEVICES INC	19,610 (+44.1%)	$3,989 (+36.9%)	0.6%	$166.26	+33.3%	COM	007903107
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,447 (+33.4%)	$5,006 (+27.1%)	0.8%	$485.46	+1.7%	CL B NEW	084670702
AGG	ISHARES TR	926,085 (+1.7%)	$91,932 (+1.1%)	14.4%	$98.96	—	CORE US AGGBD ET	464287226
DELL	DELL TECHNOLOGIES INC	22,604 (+4.5%)	$3,710 (+36.2%)	0.6%	$101.12	+17.7%	CL C	24703L202
UNH	UNITEDHEALTH GROUP INC	54,597 (+29.8%)	$14,773 (+6.4%)	2.3%	$369.12	-16.4%	COM	91324P102
BAC	BANK AMERICA CORP	167,913 (+25.5%)	$8,186 (+11.3%)	1.3%	$38.48	+39.4%	COM	060505104
HDB	HDFC BANK LTD	134,716 (+94.5%)	$3,352 (+32.4%)	0.5%	$36.08	—	SPONSORED ADS	40415F101
ADBE	ADOBE INC	24,061 (+61.9%)	$5,849 (+12.5%)	0.9%	$377.67	-23.2%	COM	00724F101
BCS	BARCLAYS PLC	145,126 (+50.7%)	$3,071 (+25.3%)	0.5%	$12.80	—	ADR	06738E204
DIS	DISNEY WALT CO	72,922 (+29.2%)	$7,028 (+9.4%)	1.1%	$105.29	+3.9%	COM	254687106
UBS	UBS GROUP AG	70,376 (+50.8%)	$2,750 (+27.2%)	0.4%	$35.12	+29.7%	SHS	H42097107
IYR	ISHARES TR	38,300 (+16.7%)	$3,622 (+17.6%)	0.6%	$92.73	—	U.S. REAL ES ETF	464287739
LLY	ELI LILLY & CO	6,129 (+28.3%)	$5,637 (+9.8%)	0.9%	$834.09	+25.5%	COM	532457108
NVO	NOVO-NORDISK A S	177,423 (+28.9%)	$6,520 (-6.9%)	1.0%	$59.20	—	ADR	670100205
SNOW	SNOWFLAKE INC	10,667 (+102.1%)	$1,609 (+39.0%)	0.3%	$177.11	+9.8%	COM SHS	833445109
F	FORD MTR CO	400,657 (+25.8%)	$4,624 (+10.7%)	0.7%	$10.93	+25.7%	COM	345370860
SPGI	S&P GLOBAL INC	4,949 (+54.3%)	$2,105 (+25.6%)	0.3%	$488.17	-0.6%	COM	78409V104
MCO	MOODYS CORP	3,201 (+68.7%)	$1,396 (+44.1%)	0.2%	$473.12	+3.5%	COM	615369105
CNI	CANADIAN NATL RY CO	61,225 (+1.7%)	$6,292 (+5.7%)	1.0%	$102.49	-0.4%	COM	136375102
PAVE	GLOBAL X FDS	94,151 (+1.2%)	$4,784 (+7.6%)	0.7%	$44.41	—	US INFR DEV ETF	37954Y673
PG	PROCTER & GAMBLE CO	35,451 (+5.9%)	$5,121 (+6.7%)	0.8%	$144.78	+4.8%	COM	742718109
USRT	ISHARES TR	57,453 (+6.2%)	$3,401 (+10.4%)	0.5%	$55.92	—	CRE U S REIT ETF	464288521
CVS	CVS HEALTH CORP	78,722 (+16.0%)	$5,654 (+5.0%)	0.9%	$70.15	+11.1%	COM	126650100
HSBC	HSBC HLDGS PLC	38,573 (+3.1%)	$3,182 (+8.1%)	0.5%	$43.83	—	SPON ADR NEW	404280406
XBI	SPDR SERIES TRUST	25,221 (+2.2%)	$3,221 (+7.1%)	0.5%	$90.70	—	STATE STREET SPD	78464A870
CB	CHUBB LTD SWITZ	4,234 (+12.9%)	$1,380 (+17.9%)	0.2%	$290.05	+9.0%	COM	H1467J104
MFC	MANULIFE FINL CORP	46,131 (+20.7%)	$1,589 (+14.5%)	0.2%	$22.86	+62.3%	COM	56501R106
AAPL	APPLE INC	29,441 (+4.6%)	$7,472 (-2.4%)	1.2%	$202.81	+29.6%	COM	037833100
CEG	CONSTELLATION ENERGY CORP	9,712 (+35.6%)	$2,712 (+7.2%)	0.4%	$202.66	+48.6%	COM	21037T109
UBER	UBER TECHNOLOGIES INC	49,488 (+18.8%)	$3,560 (+4.6%)	0.6%	$75.29	+4.6%	COM	90353T100
HPQ	HP INC	43,549 (+42.3%)	$837 (+22.7%)	0.1%	$25.45	-22.3%	COM	40434L105
CI	THE CIGNA GROUP	20,785 (+6.1%)	$5,544 (+2.8%)	0.9%	$279.32	+0.5%	COM	125523100
TMO	THERMO FISHER SCIENTIFIC INC	4,526 (+26.0%)	$2,225 (+6.9%)	0.3%	$507.38	+13.2%	COM	883556102
BXP	BXP INC	28,008 (+43.6%)	$1,454 (+10.4%)	0.2%	$64.08	+5.8%	COM	101121101
MA	MASTERCARD INCORPORATED	6,748 (+19.0%)	$3,372 (+4.2%)	0.5%	$526.19	+2.4%	CL A	57636Q104
GOOGL	ALPHABET INC	55,472 (+8.0%)	$15,952 (-0.8%)	2.5%	$156.67	+106.3%	CAP STK CL A	02079K305
FINX	GLOBAL X FDS	88,738 (+35.3%)	$2,050 (+6.2%)	0.3%	$28.53	—	FINTECH ETF	37954Y814
BA	BOEING CO	30,460 (+11.3%)	$6,062 (+2.0%)	0.9%	$191.54	+24.5%	COM	097023105
GIS	GENERAL MILLS INC	83,376 (+29.9%)	$3,103 (+3.9%)	0.5%	$52.35	-13.1%	COM	370334104
FSLR	FIRST SOLAR INC	6,751 (+44.2%)	$1,332 (+8.9%)	0.2%	$187.44	+26.5%	COM	336433107
IQV	IQVIA HLDGS INC	10,452 (+40.0%)	$1,782 (+5.9%)	0.3%	$198.45	+5.9%	COM	46266C105
HD	HOME DEPOT INC	10,235 (+1.9%)	$3,366 (-2.6%)	0.5%	$352.18	+7.0%	COM	437076102
ADP	AUTOMATIC DATA PROCESSING IN	16,789 (+30.0%)	$3,411 (+2.7%)	0.5%	$254.13	-5.2%	COM	053015103
ARE	ALEXANDRIA REAL ESTATE EQ IN	34,904 (+11.4%)	$1,620 (+5.7%)	0.3%	$69.04	-29.1%	COM	015271109
LEN	LENNAR CORP	27,838 (+14.8%)	$2,417 (-3.1%)	0.4%	$120.03	-4.6%	CL A	526057104
GM	GENERAL MTRS CO	28,516 (+12.5%)	$2,124 (+3.0%)	0.3%	$47.61	+72.7%	COM	37045V100
DHI	D R HORTON INC	17,783 (+2.5%)	$2,440 (-2.3%)	0.4%	$132.15	+18.0%	COM	23331A109
MDT	MEDTRONIC PLC	53,432 (+12.0%)	$4,630 (+1.0%)	0.7%	$81.95	+21.4%	SHS	G5960L103
VST	VISTRA CORP	12,949 (+9.4%)	$1,947 (+1.9%)	0.3%	$101.19	+61.3%	COM	92840M102
ISRG	INTUITIVE SURGICAL INC	2,312 (+26.9%)	$1,066 (+3.3%)	0.2%	$535.13	-2.6%	COM NEW	46120E602
ICE	INTERCONTINENTAL EXCHANGE IN	9,202 (+4.8%)	$1,447 (+1.8%)	0.2%	$155.28	+6.2%	COM	45866F104
MMM	3M CO	4,597 (+14.1%)	$668 (+3.5%)	0.1%	$93.76	+74.9%	COM	88579Y101
GE	GE AEROSPACE	7,616 (+9.5%)	$2,161 (+0.9%)	0.3%	$163.47	+94.6%	COM NEW	369604301
PHO	INVESCO EXCHANGE TRADED FD T	9,854 (+8.4%)	$659 (+2.9%)	0.1%	$66.60	—	WATER RES ETF	46137V142
TM	TOYOTA MOTOR CORP	52,600 (+4.0%)	$10,840 (+0.2%)	1.7%	$177.77	—	ADS	892331307

Decreased Positions (60)

CVX CHEVRON CORPORATION 1.4%

Value ($000) $8,908 (-37.4%) Shares 43,054 (-53.9%) Est. Cost $131.85 Unrealized +30.4%

XOM EXXON MOBIL CORP 2.0%

Value ($000) $12,654 (-24.1%) Shares 74,583 (-46.1%) Est. Cost $95.24 Unrealized +45.7%

SHEL SHELL PLC 0.6%

Value ($000) $3,924 (-50.4%) Shares 42,196 (-60.8%) Est. Cost $62.10 Unrealized —

TTE TOTALENERGIES SE 0.6%

Value ($000) $3,882 (-50.3%) Shares 42,667 (-64.3%) Est. Cost $63.23 Unrealized +13.1%

BP BP PLC 0.8%

Value ($000) $5,190 (-41.5%) Shares 110,421 (-56.8%) Est. Cost $29.18 Unrealized —

XOP SPDR SERIES TRUST 0.2%

Value ($000) $1,358 (-50.9%) Shares 7,471 (-65.9%) Est. Cost $119.54 Unrealized —

SLB SLB LIMITED 0.2%

Value ($000) $1,208 (-49.7%) Shares 23,501 (-62.5%) Est. Cost $36.91 Unrealized +30.9%

ASML ASML HLDG NV 0.9%

Value ($000) $5,653 (+18.1%) Shares 4,280 (-4.4%) Est. Cost $740.04 Unrealized —

MRK MERCK & CO INC 3.2%

Value ($000) $20,495 (+4.2%) Shares 170,384 (-8.8%) Est. Cost $83.30 Unrealized +37.2%

EOG EOG RES INC 0.1%

Value ($000) $817 (-50.2%) Shares 5,652 (-63.8%) Est. Cost $110.44 Unrealized +1.5%

OXY OCCIDENTAL PETE CORP 0.1%

Value ($000) $841 (-49.1%) Shares 12,942 (-67.8%) Est. Cost $46.60 Unrealized -2.5%

XLE SELECT SECTOR SPDR TR 0.1%

Value ($000) $780 (-51.0%) Shares 12,735 (-64.2%) Est. Cost $54.46 Unrealized —

COP CONOCOPHILLIPS 0.1%

Value ($000) $838 (-49.2%) Shares 6,347 (-64.0%) Est. Cost $92.72 Unrealized +10.7%

DE DEERE & CO 0.3%

Value ($000) $2,031 (-25.6%) Shares 3,605 (-38.5%) Est. Cost $429.26 Unrealized +28.4%

VTEB VANGUARD MUN BD FDS 2.8%

Value ($000) $17,826 (-3.6%) Shares 357,307 (-2.9%) Est. Cost $50.07 Unrealized —

JNJ JOHNSON & JOHNSON 1.6%

Value ($000) $10,183 (+6.7%) Shares 41,659 (-9.6%) Est. Cost $143.27 Unrealized +59.0%

MOO VANECK ETF TRUST 0.1%

Value ($000) $941 (-36.8%) Shares 11,138 (-45.5%) Est. Cost $73.07 Unrealized —

PICK ISHARES INC 0.1%

Value ($000) $697 (-43.9%) Shares 12,319 (-49.1%) Est. Cost $38.43 Unrealized —

NEE NEXTERA ENERGY INC 1.3%

Value ($000) $8,394 (+6.7%) Shares 90,373 (-7.8%) Est. Cost $70.09 Unrealized +24.4%

GSK GSK PLC 0.8%

Value ($000) $5,423 (-8.0%) Shares 98,255 (-18.2%) Est. Cost $36.70 Unrealized —

INDA ISHARES TR 0.1%

Value ($000) $648 (-41.1%) Shares 13,832 (-32.1%) Est. Cost $55.49 Unrealized —

CCJ CAMECO CORP 0.4%

Value ($000) $2,311 (-15.8%) Shares 21,276 (-29.1%) Est. Cost $41.81 Unrealized +178.1%

GDX VANECK ETF TRUST 0.2%

Value ($000) $1,197 (-26.5%) Shares 13,043 (-31.3%) Est. Cost $38.61 Unrealized —

EWY ISHARES INC 0.2%

Value ($000) $1,381 (-23.4%) Shares 11,229 (-39.4%) Est. Cost $71.78 Unrealized —

XME SPDR SERIES TRUST 0.1%

Value ($000) $855 (-30.6%) Shares 7,913 (-33.4%) Est. Cost $55.19 Unrealized —

T AT&T INC 1.2%

Value ($000) $7,570 (+5.2%) Shares 261,134 (-9.9%) Est. Cost $20.90 Unrealized +23.2%

LNG CHENIERE ENERGY INC 0.4%

Value ($000) $2,676 (-11.0%) Shares 9,430 (-39.0%) Est. Cost $215.55 Unrealized -2.7%

GLD SPDR GOLD TR 0.1%

Value ($000) $727 (-29.9%) Shares 1,689 (-35.5%) Est. Cost $270.43 Unrealized —

KMI KINDER MORGAN INC DEL 0.6%

Value ($000) $3,833 (-7.2%) Shares 114,303 (-23.9%) Est. Cost $26.43 Unrealized +12.5%

URA GLOBAL X FDS 0.1%

Value ($000) $756 (-27.3%) Shares 15,616 (-35.8%) Est. Cost $28.27 Unrealized —

EQT EQT CORP 0.4%

Value ($000) $2,666 (-8.9%) Shares 41,896 (-23.3%) Est. Cost $54.17 Unrealized +2.0%

WOOD ISHARES TR 0.1%

Value ($000) $469 (-32.9%) Shares 6,610 (-31.9%) Est. Cost $73.41 Unrealized —

ENB ENBRIDGE INC 0.7%

Value ($000) $4,380 (-4.8%) Shares 80,905 (-15.9%) Est. Cost $40.75 Unrealized +19.2%

CP CANADIAN PACIFIC KANSAS CITY 0.9%

Value ($000) $5,897 (+3.6%) Shares 74,972 (-3.0%) Est. Cost $75.56 Unrealized +2.2%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $444 (-30.7%) Shares 6,115 (-45.2%) Est. Cost $55.35 Unrealized +18.6%

PFE PFIZER INC 1.2%

Value ($000) $7,688 (-2.4%) Shares 273,784 (-13.4%) Est. Cost $27.76 Unrealized -5.7%

MLPX GLOBAL X FDS 0.5%

Value ($000) $3,368 (-5.0%) Shares 45,553 (-22.2%) Est. Cost $57.43 Unrealized —

AMLP ALPS ETF TR 0.5%

Value ($000) $3,376 (-4.8%) Shares 64,137 (-15.0%) Est. Cost $43.87 Unrealized —

CAT CATERPILLAR INC 0.5%

Value ($000) $3,119 (-5.1%) Shares 4,402 (-23.3%) Est. Cost $326.47 Unrealized +109.6%

NUE NUCOR CORP 0.1%

Value ($000) $423 (-28.2%) Shares 2,501 (-30.7%) Est. Cost $133.65 Unrealized +33.5%

GEV GE VERNOVA INC 0.3%

Value ($000) $2,064 (+8.4%) Shares 2,364 (-18.8%) Est. Cost $247.84 Unrealized +197.3%

BHP BHP BILLITON LIMITED 0.1%

Value ($000) $437 (-26.2%) Shares 6,011 (-38.8%) Est. Cost $51.95 Unrealized —

REMX VANECK ETF TRUST 0.1%

Value ($000) $446 (-25.2%) Shares 5,070 (-37.2%) Est. Cost $73.92 Unrealized —

FCX FREEPORT MCMORAN INC 0.1%

Value ($000) $450 (-23.9%) Shares 7,663 (-34.3%) Est. Cost $38.60 Unrealized +58.3%

SPG SIMON PPTY GROUP INC NEW 0.4%

Value ($000) $2,650 (-4.8%) Shares 14,209 (-5.5%) Est. Cost $154.84 Unrealized +18.8%

CSCO CISCO SYS INC 0.4%

Value ($000) $2,622 (-4.8%) Shares 33,795 (-5.5%) Est. Cost $46.01 Unrealized +69.3%

CME CME GROUP INC 0.7%

Value ($000) $4,656 (-2.3%) Shares 15,763 (-9.7%) Est. Cost $237.36 Unrealized +21.9%

ETN EATON CORP PLC 0.3%

Value ($000) $1,911 (+5.3%) Shares 5,342 (-6.2%) Est. Cost $331.15 Unrealized +6.8%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $807 (-9.8%) Shares 5,788 (-20.6%) Est. Cost $83.21 Unrealized +66.3%

AMGN AMGEN INC 0.1%

Value ($000) $679 (-9.2%) Shares 1,930 (-15.5%) Est. Cost $250.85 Unrealized +39.4%

TOL TOLL BROTHERS INC 0.4%

Value ($000) $2,445 (-1.9%) Shares 17,913 (-2.8%) Est. Cost $114.15 Unrealized +31.4%

KO COCA COLA CO 0.7%

Value ($000) $4,208 (-1.1%) Shares 55,329 (-9.1%) Est. Cost $65.24 Unrealized +14.6%

AEP AMERICAN ELEC PWR CO INC 0.4%

Value ($000) $2,374 (+1.7%) Shares 18,109 (-10.5%) Est. Cost $96.35 Unrealized +25.1%

WMT WALMART INC 0.4%

Value ($000) $2,738 (-1.3%) Shares 22,032 (-11.5%) Est. Cost $101.66 Unrealized +20.0%

DUK DUKE ENERGY CORP NEW 0.4%

Value ($000) $2,310 (-1.3%) Shares 17,644 (-11.6%) Est. Cost $102.55 Unrealized +17.9%

SO SOUTHERN CO 0.4%

Value ($000) $2,314 (-1.1%) Shares 23,974 (-10.7%) Est. Cost $81.51 Unrealized +9.8%

KR KROGER CO 0.1%

Value ($000) $922 (-2.7%) Shares 12,741 (-16.0%) Est. Cost $53.53 Unrealized +20.7%

VZ VERIZON COMMUNICATIONS INC 0.9%

Value ($000) $5,512 (+0.2%) Shares 109,806 (-18.7%) Est. Cost $35.63 Unrealized +23.0%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value ($000) $920 (+0.9%) Shares 923 (-12.7%) Est. Cost $922.18 Unrealized +4.5%

BWXT BWX TECHNOLOGIES INC 0.1%

Value ($000) $456 (+0.6%) Shares 2,232 (-15.0%) Est. Cost $108.09 Unrealized +87.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVX	CHEVRON CORPORATION	43,054 (-53.9%)	$8,908 (-37.4%)	1.4%	$131.85	+30.4%	COM	166764100
XOM	EXXON MOBIL CORP	74,583 (-46.1%)	$12,654 (-24.1%)	2.0%	$95.24	+45.7%	COM	30231G102
SHEL	SHELL PLC	42,196 (-60.8%)	$3,924 (-50.4%)	0.6%	$62.10	—	SPON ADS	780259305
TTE	TOTALENERGIES SE	42,667 (-64.3%)	$3,882 (-50.3%)	0.6%	$63.23	+13.1%	ACT	F92124100
BP	BP PLC	110,421 (-56.8%)	$5,190 (-41.5%)	0.8%	$29.18	—	SPONSORED ADR	055622104
XOP	SPDR SERIES TRUST	7,471 (-65.9%)	$1,358 (-50.9%)	0.2%	$119.54	—	STATE STREET SPD	78468R556
SLB	SLB LIMITED	23,501 (-62.5%)	$1,208 (-49.7%)	0.2%	$36.91	+30.9%	COM STK	806857108
ASML	ASML HLDG NV	4,280 (-4.4%)	$5,653 (+18.1%)	0.9%	$740.04	—	N Y REGISTRY SHS	N07059210
MRK	MERCK & CO INC	170,384 (-8.8%)	$20,495 (+4.2%)	3.2%	$83.30	+37.2%	COM	58933Y105
EOG	EOG RES INC	5,652 (-63.8%)	$817 (-50.2%)	0.1%	$110.44	+1.5%	COM	26875P101
OXY	OCCIDENTAL PETE CORP	12,942 (-67.8%)	$841 (-49.1%)	0.1%	$46.60	-2.5%	COM	674599105
XLE	SELECT SECTOR SPDR TR	12,735 (-64.2%)	$780 (-51.0%)	0.1%	$54.46	—	STATE STREET ENE	81369Y506
COP	CONOCOPHILLIPS	6,347 (-64.0%)	$838 (-49.2%)	0.1%	$92.72	+10.7%	COM	20825C104
DE	DEERE & CO	3,605 (-38.5%)	$2,031 (-25.6%)	0.3%	$429.26	+28.4%	COM	244199105
VTEB	VANGUARD MUN BD FDS	357,307 (-2.9%)	$17,826 (-3.6%)	2.8%	$50.07	—	TAX EXEMPT BD	922907746
JNJ	JOHNSON & JOHNSON	41,659 (-9.6%)	$10,183 (+6.7%)	1.6%	$143.27	+59.0%	COM	478160104
MOO	VANECK ETF TRUST	11,138 (-45.5%)	$941 (-36.8%)	0.1%	$73.07	—	AGRIBUSINESS ETF	92189F700
PICK	ISHARES INC	12,319 (-49.1%)	$697 (-43.9%)	0.1%	$38.43	—	MSCI GBL ETF NEW	46434G848
NEE	NEXTERA ENERGY INC	90,373 (-7.8%)	$8,394 (+6.7%)	1.3%	$70.09	+24.4%	COM	65339F101
GSK	GSK PLC	98,255 (-18.2%)	$5,423 (-8.0%)	0.8%	$36.70	—	SPONSORED ADR	37733W204
INDA	ISHARES TR	13,832 (-32.1%)	$648 (-41.1%)	0.1%	$55.49	—	MSCI INDIA ETF	46429B598
CCJ	CAMECO CORP	21,276 (-29.1%)	$2,311 (-15.8%)	0.4%	$41.81	+178.1%	COM	13321L108
GDX	VANECK ETF TRUST	13,043 (-31.3%)	$1,197 (-26.5%)	0.2%	$38.61	—	GOLD MINERS ETF	92189F106
EWY	ISHARES INC	11,229 (-39.4%)	$1,381 (-23.4%)	0.2%	$71.78	—	MSCI STH KOR ETF	464286772
XME	SPDR SERIES TRUST	7,913 (-33.4%)	$855 (-30.6%)	0.1%	$55.19	—	STATE STREET SPD	78464A755
T	AT&T INC	261,134 (-9.9%)	$7,570 (+5.2%)	1.2%	$20.90	+23.2%	COM	00206R102
LNG	CHENIERE ENERGY INC	9,430 (-39.0%)	$2,676 (-11.0%)	0.4%	$215.55	-2.7%	COM NEW	16411R208
GLD	SPDR GOLD TR	1,689 (-35.5%)	$727 (-29.9%)	0.1%	$270.43	—	GOLD SHS	78463V107
KMI	KINDER MORGAN INC DEL	114,303 (-23.9%)	$3,833 (-7.2%)	0.6%	$26.43	+12.5%	COM	49456B101
URA	GLOBAL X FDS	15,616 (-35.8%)	$756 (-27.3%)	0.1%	$28.27	—	GLOBAL X URANIUM	37954Y871
EQT	EQT CORP	41,896 (-23.3%)	$2,666 (-8.9%)	0.4%	$54.17	+2.0%	COM	26884L109
WOOD	ISHARES TR	6,610 (-31.9%)	$469 (-32.9%)	0.1%	$73.41	—	GL TIMB FORE ETF	464288174
ENB	ENBRIDGE INC	80,905 (-15.9%)	$4,380 (-4.8%)	0.7%	$40.75	+19.2%	COM	29250N105
CP	CANADIAN PACIFIC KANSAS CITY	74,972 (-3.0%)	$5,897 (+3.6%)	0.9%	$75.56	+2.2%	COM	13646K108
ADM	ARCHER DANIELS MIDLAND CO	6,115 (-45.2%)	$444 (-30.7%)	0.1%	$55.35	+18.6%	COM	039483102
PFE	PFIZER INC	273,784 (-13.4%)	$7,688 (-2.4%)	1.2%	$27.76	-5.7%	COM	717081103
MLPX	GLOBAL X FDS	45,553 (-22.2%)	$3,368 (-5.0%)	0.5%	$57.43	—	GLB X MLP ENRG I	37954Y293
AMLP	ALPS ETF TR	64,137 (-15.0%)	$3,376 (-4.8%)	0.5%	$43.87	—	ALERIAN MLP	00162Q452
CAT	CATERPILLAR INC	4,402 (-23.3%)	$3,119 (-5.1%)	0.5%	$326.47	+109.6%	COM	149123101
NUE	NUCOR CORP	2,501 (-30.7%)	$423 (-28.2%)	0.1%	$133.65	+33.5%	COM	670346105
GEV	GE VERNOVA INC	2,364 (-18.8%)	$2,064 (+8.4%)	0.3%	$247.84	+197.3%	COM	36828A101
BHP	BHP BILLITON LIMITED	6,011 (-38.8%)	$437 (-26.2%)	0.1%	$51.95	—	SPONSORED ADS	088606108
REMX	VANECK ETF TRUST	5,070 (-37.2%)	$446 (-25.2%)	0.1%	$73.92	—	RARE EARTH AND S	92189H805
FCX	FREEPORT MCMORAN INC	7,663 (-34.3%)	$450 (-23.9%)	0.1%	$38.60	+58.3%	CL B	35671D857
SPG	SIMON PPTY GROUP INC NEW	14,209 (-5.5%)	$2,650 (-4.8%)	0.4%	$154.84	+18.8%	COM	828806109
CSCO	CISCO SYS INC	33,795 (-5.5%)	$2,622 (-4.8%)	0.4%	$46.01	+69.3%	COM	17275R102
CME	CME GROUP INC	15,763 (-9.7%)	$4,656 (-2.3%)	0.7%	$237.36	+21.9%	COM	12572Q105
ETN	EATON CORP PLC	5,342 (-6.2%)	$1,911 (+5.3%)	0.3%	$331.15	+6.8%	SHS	G29183103
GILD	GILEAD SCIENCES INC	5,788 (-20.6%)	$807 (-9.8%)	0.1%	$83.21	+66.3%	COM	375558103
AMGN	AMGEN INC	1,930 (-15.5%)	$679 (-9.2%)	0.1%	$250.85	+39.4%	COM	031162100
TOL	TOLL BROTHERS INC	17,913 (-2.8%)	$2,445 (-1.9%)	0.4%	$114.15	+31.4%	COM	889478103
KO	COCA COLA CO	55,329 (-9.1%)	$4,208 (-1.1%)	0.7%	$65.24	+14.6%	COM	191216100
AEP	AMERICAN ELEC PWR CO INC	18,109 (-10.5%)	$2,374 (+1.7%)	0.4%	$96.35	+25.1%	COM	025537101
WMT	WALMART INC	22,032 (-11.5%)	$2,738 (-1.3%)	0.4%	$101.66	+20.0%	COM	931142103
DUK	DUKE ENERGY CORP NEW	17,644 (-11.6%)	$2,310 (-1.3%)	0.4%	$102.55	+17.9%	COM NEW	26441C204
SO	SOUTHERN CO	23,974 (-10.7%)	$2,314 (-1.1%)	0.4%	$81.51	+9.8%	COM	842587107
KR	KROGER CO	12,741 (-16.0%)	$922 (-2.7%)	0.1%	$53.53	+20.7%	COM	501044101
VZ	VERIZON COMMUNICATIONS INC	109,806 (-18.7%)	$5,512 (+0.2%)	0.9%	$35.63	+23.0%	COM	92343V104
COST	COSTCO WHOLESALE CORPORATION	923 (-12.7%)	$920 (+0.9%)	0.1%	$922.18	+4.5%	COM	22160K105
BWXT	BWX TECHNOLOGIES INC	2,232 (-15.0%)	$456 (+0.6%)	0.1%	$108.09	+87.8%	COM	05605H100

Unchanged Positions (4)

UNP UNION PAC CORP 1.2%

Value ($000) $7,367 Shares 30,364 Est. Cost $221.07 Unrealized +10.1%

MDLZ MONDELEZ INTL INC 0.5%

Value ($000) $3,154 Shares 54,727 Est. Cost $58.50 Unrealized -0.6%

XLU SELECT SECTOR SPDR TR 0.3%

Value ($000) $1,835 Shares 39,982 Est. Cost $54.26 Unrealized —

D DOMINION ENERGY INC 0.4%

Value ($000) $2,432 Shares 39,338 Est. Cost $51.53 Unrealized +19.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	30,364	$7,367	1.2%	$221.07	+10.1%	COM	907818108
MDLZ	MONDELEZ INTL INC	54,727	$3,154	0.5%	$58.50	-0.6%	CL A	609207105
XLU	SELECT SECTOR SPDR TR	39,982	$1,835	0.3%	$54.26	—	STATE STREET UTI	81369Y886
D	DOMINION ENERGY INC	39,338	$2,432	0.4%	$51.53	+19.6%	COM	25746U109