Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	28,078	$32.41M	4.2%	$1154.29	—	COM	595112103
SKM	SK TELECOM CO LTD	597,210	$19.21M	2.5%	$32.16	—	SPONSORED ADR	78440P306
PANW	PALO ALTO NETWORKS INC	912	$311K	0.0%	$341.02	—	COM	697435105
CSCO	CISCO SYS INC	2,295	$270K	0.0%	$117.46	—	COM	17275R102
AM	ANTERO MIDSTREAM CORP	11,500	$262K	0.0%	$22.75	—	COM	03676B102
ASML	ASML HLDG NV	126	$251K	0.0%	$1989.44	—	N Y REGISTRY SHS	N07059210
PHM	PULTE GROUP INC	1,700	$233K	0.0%	$137.21	—	COM	745867101
NET	CLOUDFLARE INC	918	$225K	0.0%	$245.28	—	CL A COM	18915M107
KLAC	KLA CORP	680	$205K	0.0%	$301.71	—	COM NEW	482480100

Increased Positions (20)

EXEL EXELIXIS INC 2.9%

Value $22.28M (+28.6%) Shares 409,392 (+1.4%) Est. Cost $40.29 Unrealized —

HALO HALOZYME THERAPEUTICS INC 2.4%

Value $18.68M (+24.1%) Shares 238,689 (+2.5%) Est. Cost $56.73 Unrealized —

V VISA INC 2.6%

Value $19.74M (+14.8%) Shares 57,534 (+1.1%) Est. Cost $117.27 Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 3.2%

Value $24.33M (+9.8%) Shares 73,631 (+1.0%) Est. Cost $174.95 Unrealized —

SR SPIRE INC 2.5%

Value $19.04M (+10.6%) Shares 243,793 (+28.2%) Est. Cost $81.88 Unrealized —

GOOG ALPHABET INC 0.5%

Value $3.874M (+87.2%) Shares 10,965 (+52.0%) Est. Cost $218.04 Unrealized —

TJX TJX COS INC NEW 3.3%

Value $25.29M (-3.6%) Shares 166,913 (+1.6%) Est. Cost $65.07 Unrealized —

AVGO BROADCOM INC 0.5%

Value $3.782M (+25.8%) Shares 10,011 (+3.1%) Est. Cost $311.87 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.2%

Value $1.686M (+75.6%) Shares 3,531 (+24.3%) Est. Cost $282.43 Unrealized —

WEC WEC ENERGY GROUP INC 2.6%

Value $19.83M (+1.9%) Shares 169,809 (+1.0%) Est. Cost $53.20 Unrealized —

HESM HESS MIDSTREAM LP 0.1%

Value $678K (+60.2%) Shares 18,030 (+65.6%) Est. Cost $36.14 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value $1.313M (+22.2%) Shares 35,720 (+25.8%) Est. Cost $29.11 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 2.2%

Value $16.63M (+1.3%) Shares 180,591 (+1.6%) Est. Cost $88.79 Unrealized —

SNN SMITH & NEPHEW PLC 0.9%

Value $6.629M (-3.1%) Shares 230,079 (+6.9%) Est. Cost $31.59 Unrealized —

WES WESTERN MIDSTREAM PARTNERS L 0.1%

Value $510K (+43.4%) Shares 11,660 (+35.0%) Est. Cost $41.84 Unrealized —

CVX CHEVRON CORPORATION 0.1%

Value $725K (-16.2%) Shares 4,376 (+4.5%) Est. Cost $117.46 Unrealized —

CNM CORE & MAIN INC 1.4%

Value $10.76M (-1.3%) Shares 223,094 (+1.1%) Est. Cost $53.65 Unrealized —

LRN STRIDE INC 0.7%

Value $5.141M (+1.9%) Shares 59,613 (+4.2%) Est. Cost $42.84 Unrealized —

C CITIGROUP INC 0.0%

Value $305K (+25.1%) Shares 2,180 (+1.4%) Est. Cost $116.51 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.0%

Value $298K (+20.3%) Shares 1,920 (+57.4%) Est. Cost $187.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXEL	EXELIXIS INC	409,392 (+1.4%)	$22.28M (+28.6%)	2.9%	$40.29	—	COM	30161Q104
HALO	HALOZYME THERAPEUTICS INC	238,689 (+2.5%)	$18.68M (+24.1%)	2.4%	$56.73	—	COM	40637H109
V	VISA INC	57,534 (+1.1%)	$19.74M (+14.8%)	2.6%	$117.27	—	COM CL A	92826C839
HLT	HILTON WORLDWIDE HLDGS INC	73,631 (+1.0%)	$24.33M (+9.8%)	3.2%	$174.95	—	COM	43300A203
SR	SPIRE INC	243,793 (+28.2%)	$19.04M (+10.6%)	2.5%	$81.88	—	COM	84857L101
GOOG	ALPHABET INC	10,965 (+52.0%)	$3.874M (+87.2%)	0.5%	$218.04	—	CAP STK CL C	02079K107
TJX	TJX COS INC NEW	166,913 (+1.6%)	$25.29M (-3.6%)	3.3%	$65.07	—	COM	872540109
AVGO	BROADCOM INC	10,011 (+3.1%)	$3.782M (+25.8%)	0.5%	$311.87	—	COM	11135F101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	3,531 (+24.3%)	$1.686M (+75.6%)	0.2%	$282.43	—	SPONSORED ADS	874039100
WEC	WEC ENERGY GROUP INC	169,809 (+1.0%)	$19.83M (+1.9%)	2.6%	$53.20	—	COM	92939U106
HESM	HESS MIDSTREAM LP	18,030 (+65.6%)	$678K (+60.2%)	0.1%	$36.14	—	CL A SHS	428103105
EPD	ENTERPRISE PRODS PARTNERS L	35,720 (+25.8%)	$1.313M (+22.2%)	0.2%	$29.11	—	COM	293792107
ORLY	OREILLY AUTOMOTIVE INC	180,591 (+1.6%)	$16.63M (+1.3%)	2.2%	$88.79	—	COM	67103H107
SNN	SMITH & NEPHEW PLC	230,079 (+6.9%)	$6.629M (-3.1%)	0.9%	$31.59	—	SPDN ADR NEW	83175M205
WES	WESTERN MIDSTREAM PARTNERS L	11,660 (+35.0%)	$510K (+43.4%)	0.1%	$41.84	—	COM UNIT LP INT	958669103
CVX	CHEVRON CORPORATION	4,376 (+4.5%)	$725K (-16.2%)	0.1%	$117.46	—	COM	166764100
CNM	CORE & MAIN INC	223,094 (+1.1%)	$10.76M (-1.3%)	1.4%	$53.65	—	CL A	21874C102
LRN	STRIDE INC	59,613 (+4.2%)	$5.141M (+1.9%)	0.7%	$42.84	—	COM	86333M108
C	CITIGROUP INC	2,180 (+1.4%)	$305K (+25.1%)	0.0%	$116.51	—	COM NEW	172967424
AEM	AGNICO EAGLE MINES LTD	1,920 (+57.4%)	$298K (+20.3%)	0.0%	$187.47	—	COM	008474108

Exited Positions (8)

TPG TPG INC 1.7%

Value $12.98M Shares 320,376 Est. Cost $33.54 Unrealized —

NOW SERVICENOW INC 1.5%

Value $11.45M Shares 109,510 Est. Cost $162.53 Unrealized —

LOW LOWES COS INC 1.3%

Value $9.799M Shares 41,473 Est. Cost $185.89 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.1%

Value $707K Shares 5,634 Est. Cost $125.46 Unrealized —

BX BLACKSTONE INC 0.0%

Value $246K Shares 2,135 Est. Cost $66.59 Unrealized —

NFLX NETFLIX INC. 0.0%

Value $240K Shares 2,500 Est. Cost $109.23 Unrealized —

ZTS ZOETIS INC 0.0%

Value $206K Shares 1,743 Est. Cost $111.86 Unrealized —

EXTR EXTREME NETWORKS INC 0.0%

Value $188K Shares 12,470 Est. Cost $19.74 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TPG	TPG INC	320,376	$12.98M	1.7%	$33.54	—	—	872657101
NOW	SERVICENOW INC	109,510	$11.45M	1.5%	$162.53	—	—	81762P102
LOW	LOWES COS INC	41,473	$9.799M	1.3%	$185.89	—	—	548661107
BABA	ALIBABA GROUP HLDG LTD	5,634	$707K	0.1%	$125.46	—	—	01609W102
BX	BLACKSTONE INC	2,135	$246K	0.0%	$66.59	—	—	09260D107
NFLX	NETFLIX INC.	2,500	$240K	0.0%	$109.23	—	—	64110L106
ZTS	ZOETIS INC	1,743	$206K	0.0%	$111.86	—	—	98978V103
EXTR	EXTREME NETWORKS INC	12,470	$188K	0.0%	$19.74	—	—	30226D106

Decreased Positions (21)

ONTO ONTO INNOVATION INC 4.4%

Value $33.65M (+79.7%) Shares 88,920 (-2.6%) Est. Cost $89.64 Unrealized —

APH AMPHENOL CORP 6.0%

Value $46.34M (+37.2%) Shares 262,797 (-1.7%) Est. Cost $40.12 Unrealized —

MSFT MICROSOFT CORP 2.0%

Value $15.21M (-43.1%) Shares 40,785 (-43.5%) Est. Cost $284.10 Unrealized —

GFI GOLD FIELDS LTD 2.6%

Value $20.2M (-29.2%) Shares 601,390 (-4.3%) Est. Cost $15.73 Unrealized —

NVDA NVIDIA CORPORATION 8.7%

Value $66.78M (+13.4%) Shares 333,770 (-1.2%) Est. Cost $92.00 Unrealized —

GOOGL ALPHABET INC 5.2%

Value $40.11M (+21.9%) Shares 112,233 (-1.9%) Est. Cost $109.41 Unrealized —

LLY ELI LILLY & CO 4.2%

Value $32.58M (+26.8%) Shares 27,161 (-2.8%) Est. Cost $230.90 Unrealized —

PWR QUANTA SVCS INC 4.9%

Value $37.38M (+14.8%) Shares 51,907 (-12.5%) Est. Cost $102.00 Unrealized —

AAPL APPLE INC 4.5%

Value $34.58M (+9.4%) Shares 119,506 (-4.0%) Est. Cost $84.88 Unrealized —

HWM HOWMET AEROSPACE INC 3.9%

Value $29.89M (+9.4%) Shares 111,166 (-6.2%) Est. Cost $31.76 Unrealized —

META META PLATFORMS INC 1.5%

Value $11.78M (-16.5%) Shares 20,921 (-15.2%) Est. Cost $387.67 Unrealized —

AROC ARCHROCK INC 1.9%

Value $14.42M (+10.9%) Shares 354,283 (-5.2%) Est. Cost $29.24 Unrealized —

OKE ONEOK INC NEW 0.5%

Value $3.905M (-24.6%) Shares 44,915 (-21.7%) Est. Cost $90.77 Unrealized —

QCOM QUALCOMM INC 0.3%

Value $2.228M (+37.2%) Shares 12,056 (-4.4%) Est. Cost $122.15 Unrealized —

PRMB PRIMO BRANDS CORPORATION 0.7%

Value $5.611M (+4.1%) Shares 229,576 (-19.8%) Est. Cost $29.44 Unrealized —

ETN EATON CORP PLC 0.6%

Value $4.817M (+4.8%) Shares 11,305 (-12.1%) Est. Cost $75.37 Unrealized —

PSX PHILLIPS 66 0.1%

Value $964K (-14.7%) Shares 5,700 (-8.1%) Est. Cost $81.64 Unrealized —

AZN ASTRAZENECA PLC 0.0%

Value $322K (-20.7%) Shares 1,700 (-17.6%) Est. Cost $190.39 Unrealized —

MA MASTERCARD INCORPORATED 0.9%

Value $7.029M (+1.2%) Shares 13,685 (-1.6%) Est. Cost $274.83 Unrealized —

GLP GLOBAL PARTNERS LP 0.0%

Value $298K (-14.2%) Shares 6,400 (-22.4%) Est. Cost $42.10 Unrealized —

PG PROCTER & GAMBLE CO 0.0%

Value $249K (-0.8%) Shares 1,696 (-2.4%) Est. Cost $125.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ONTO	ONTO INNOVATION INC	88,920 (-2.6%)	$33.65M (+79.7%)	4.4%	$89.64	—	COM	683344105
APH	AMPHENOL CORP	262,797 (-1.7%)	$46.34M (+37.2%)	6.0%	$40.12	—	CL A	032095101
MSFT	MICROSOFT CORP	40,785 (-43.5%)	$15.21M (-43.1%)	2.0%	$284.10	—	COM	594918104
GFI	GOLD FIELDS LTD	601,390 (-4.3%)	$20.2M (-29.2%)	2.6%	$15.73	—	SPONSORED ADR	38059T106
NVDA	NVIDIA CORPORATION	333,770 (-1.2%)	$66.78M (+13.4%)	8.7%	$92.00	—	COM	67066G104
GOOGL	ALPHABET INC	112,233 (-1.9%)	$40.11M (+21.9%)	5.2%	$109.41	—	CAP STK CL A	02079K305
LLY	ELI LILLY & CO	27,161 (-2.8%)	$32.58M (+26.8%)	4.2%	$230.90	—	COM	532457108
PWR	QUANTA SVCS INC	51,907 (-12.5%)	$37.38M (+14.8%)	4.9%	$102.00	—	COM	74762E102
AAPL	APPLE INC	119,506 (-4.0%)	$34.58M (+9.4%)	4.5%	$84.88	—	COM	037833100
HWM	HOWMET AEROSPACE INC	111,166 (-6.2%)	$29.89M (+9.4%)	3.9%	$31.76	—	COM	443201108
META	META PLATFORMS INC	20,921 (-15.2%)	$11.78M (-16.5%)	1.5%	$387.67	—	CL A	30303M102
AROC	ARCHROCK INC	354,283 (-5.2%)	$14.42M (+10.9%)	1.9%	$29.24	—	COM	03957W106
OKE	ONEOK INC NEW	44,915 (-21.7%)	$3.905M (-24.6%)	0.5%	$90.77	—	COM	682680103
QCOM	QUALCOMM INC	12,056 (-4.4%)	$2.228M (+37.2%)	0.3%	$122.15	—	COM	747525103
PRMB	PRIMO BRANDS CORPORATION	229,576 (-19.8%)	$5.611M (+4.1%)	0.7%	$29.44	—	CLASS A COM SHS	741623102
ETN	EATON CORP PLC	11,305 (-12.1%)	$4.817M (+4.8%)	0.6%	$75.37	—	SHS	G29183103
PSX	PHILLIPS 66	5,700 (-8.1%)	$964K (-14.7%)	0.1%	$81.64	—	COM	718546104
AZN	ASTRAZENECA PLC	1,700 (-17.6%)	$322K (-20.7%)	0.0%	$190.39	—	ORD	G0593M107
MA	MASTERCARD INCORPORATED	13,685 (-1.6%)	$7.029M (+1.2%)	0.9%	$274.83	—	CL A	57636Q104
GLP	GLOBAL PARTNERS LP	6,400 (-22.4%)	$298K (-14.2%)	0.0%	$42.10	—	COM UNITS	37946R109
PG	PROCTER & GAMBLE CO	1,696 (-2.4%)	$249K (-0.8%)	0.0%	$125.52	—	COM	742718109

Unchanged Positions (34)

USFD US FOODS HLDG CORP 3.6%

Value $27.31M Shares 267,135 Est. Cost $41.66 Unrealized —

RKT ROCKET COS INC 2.8%

Value $21.8M Shares 1,384,101 Est. Cost $17.88 Unrealized —

PR PERMIAN RESOURCES CORP 1.5%

Value $11.65M Shares 632,561 Est. Cost $14.46 Unrealized —

CRC CALIFORNIA RES CORP 0.3%

Value $1.963M Shares 37,130 Est. Cost $49.20 Unrealized —

AMZN AMAZON COM INC 0.5%

Value $4.204M Shares 17,638 Est. Cost $132.10 Unrealized —

ABBV ABBVIE INC 0.5%

Value $3.619M Shares 14,383 Est. Cost $90.46 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value $1.62M Shares 11,850 Est. Cost $92.05 Unrealized —

CAT CATERPILLAR INC 0.1%

Value $1.001M Shares 940 Est. Cost $252.16 Unrealized —

RTX RTX CORPORATION 1.9%

Value $14.28M Shares 75,289 Est. Cost $90.09 Unrealized —

JPM JPMORGAN CHASE & CO 0.4%

Value $3.116M Shares 9,518 Est. Cost $135.30 Unrealized —

FTNT FORTINET INC 0.0%

Value $384K Shares 2,500 Est. Cost $79.98 Unrealized —

MCD MCDONALDS CORP 0.1%

Value $994K Shares 3,679 Est. Cost $211.68 Unrealized —

MAS MASCO CORP 0.1%

Value $529K Shares 6,500 Est. Cost $56.54 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value $537K Shares 4,600 Est. Cost $162.07 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.1%

Value $612K Shares 605 Est. Cost $317.74 Unrealized —

HD HOME DEPOT INC 0.2%

Value $1.446M Shares 4,100 Est. Cost $389.16 Unrealized —

JNJ JOHNSON & JOHNSON 0.3%

Value $2.588M Shares 10,191 Est. Cost $156.25 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.0%

Value $297K Shares 600 Est. Cost $343.44 Unrealized —

MUR MURPHY OIL CORP 0.0%

Value $280K Shares 8,600 Est. Cost $24.52 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.487M Shares 2,971 Est. Cost $158.87 Unrealized —

UNP UNION PAC CORP 0.1%

Value $544K Shares 2,000 Est. Cost $223.15 Unrealized —

LIN LINDE PLC 0.1%

Value $942K Shares 1,816 Est. Cost $329.97 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.1%

Value $412K Shares 4,750 Est. Cost $76.24 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $572K Shares 611 Est. Cost $956.70 Unrealized —

NSC NORFOLK SOUTHN CORP 0.1%

Value $425K Shares 1,350 Est. Cost $250.29 Unrealized —

TT TRANE TECHNOLOGIES PLC 0.0%

Value $243K Shares 495 Est. Cost $422.16 Unrealized —

EMR EMERSON ELEC CO 0.1%

Value $429K Shares 3,000 Est. Cost $135.48 Unrealized —

AXP AMERICAN EXPRESS CO 0.0%

Value $317K Shares 938 Est. Cost $318.87 Unrealized —

MRK MERCK & CO INC 0.1%

Value $436K Shares 3,393 Est. Cost $83.56 Unrealized —

NEE NEXTERA ENERGY INC 0.0%

Value $269K Shares 3,063 Est. Cost $73.10 Unrealized —

CCJ CAMECO CORP 0.0%

Value $214K Shares 2,102 Est. Cost $116.28 Unrealized —

NVS NOVARTIS AG 0.0%

Value $303K Shares 1,934 Est. Cost $128.41 Unrealized —

DHR DANAHER CORP DEL 0.1%

Value $398K Shares 2,090 Est. Cost $216.90 Unrealized —

DIS DISNEY WALT CO 0.0%

Value $230K Shares 2,385 Est. Cost $169.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USFD	US FOODS HLDG CORP	267,135	$27.31M	3.6%	$41.66	—	COM	912008109
RKT	ROCKET COS INC	1,384,101	$21.8M	2.8%	$17.88	—	COM CL A	77311W101
PR	PERMIAN RESOURCES CORP	632,561	$11.65M	1.5%	$14.46	—	CLASS A COM	71424F105
CRC	CALIFORNIA RES CORP	37,130	$1.963M	0.3%	$49.20	—	COM STOCK	13057Q305
AMZN	AMAZON COM INC	17,638	$4.204M	0.5%	$132.10	—	COM	023135106
ABBV	ABBVIE INC	14,383	$3.619M	0.5%	$90.46	—	COM	00287Y109
XOM	EXXON MOBIL CORP	11,850	$1.62M	0.2%	$92.05	—	COM	30231G102
CAT	CATERPILLAR INC	940	$1.001M	0.1%	$252.16	—	COM	149123101
RTX	RTX CORPORATION	75,289	$14.28M	1.9%	$90.09	—	COM	75513E101
JPM	JPMORGAN CHASE & CO	9,518	$3.116M	0.4%	$135.30	—	COM	46625H100
FTNT	FORTINET INC	2,500	$384K	0.0%	$79.98	—	COM	34959E109
MCD	MCDONALDS CORP	3,679	$994K	0.1%	$211.68	—	COM	580135101
MAS	MASCO CORP	6,500	$529K	0.1%	$56.54	—	COM	574599106
PLTR	PALANTIR TECHNOLOGIES INC	4,600	$537K	0.1%	$162.07	—	CL A	69608A108
GS	GOLDMAN SACHS GROUP INC	605	$612K	0.1%	$317.74	—	COM	38141G104
HD	HOME DEPOT INC	4,100	$1.446M	0.2%	$389.16	—	COM	437076102
JNJ	JOHNSON & JOHNSON	10,191	$2.588M	0.3%	$156.25	—	COM	478160104
ROK	ROCKWELL AUTOMATION INC	600	$297K	0.0%	$343.44	—	COM	773903109
MUR	MURPHY OIL CORP	8,600	$280K	0.0%	$24.52	—	COM	626717102
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,971	$1.487M	0.2%	$158.87	—	CL B NEW	084670702
UNP	UNION PAC CORP	2,000	$544K	0.1%	$223.15	—	COM	907818108
LIN	LINDE PLC	1,816	$942K	0.1%	$329.97	—	SHS	G54950103
CP	CANADIAN PACIFIC KANSAS CITY	4,750	$412K	0.1%	$76.24	—	COM	13646K108
COST	COSTCO WHOLESALE CORPORATION	611	$572K	0.1%	$956.70	—	COM	22160K105
NSC	NORFOLK SOUTHN CORP	1,350	$425K	0.1%	$250.29	—	COM	655844108
TT	TRANE TECHNOLOGIES PLC	495	$243K	0.0%	$422.16	—	SHS	G8994E103
EMR	EMERSON ELEC CO	3,000	$429K	0.1%	$135.48	—	COM	291011104
AXP	AMERICAN EXPRESS CO	938	$317K	0.0%	$318.87	—	COM	025816109
MRK	MERCK & CO INC	3,393	$436K	0.1%	$83.56	—	COM	58933Y105
NEE	NEXTERA ENERGY INC	3,063	$269K	0.0%	$73.10	—	COM	65339F101
CCJ	CAMECO CORP	2,102	$214K	0.0%	$116.28	—	COM	13321L108
NVS	NOVARTIS AG	1,934	$303K	0.0%	$128.41	—	SPONSORED ADR	66987V109
DHR	DANAHER CORP DEL	2,090	$398K	0.1%	$216.90	—	COM	235851102
DIS	DISNEY WALT CO	2,385	$230K	0.0%	$169.86	—	COM	254687106