Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MRNA	MODERNA INC	45,656	$8.792M	2.3%	$192.57	$107.77	+78.7%	COM	60770K107
HPE	HEWLETT PACKARD ENTERPRISE C	77,532	$4.954M	1.3%	$63.89	$52.95	+20.7%	COM	42824C109
AMD	ADVANCED MICRO DEVICES INC	7,182	$4.394M	1.1%	$611.76	$514.44	+18.9%	COM	007903107
PFG	PRINCIPAL FINANCIAL GROUP IN	36,130	$4.045M	1.0%	$111.96	$113.22	-1.1%	COM	74251V102
FTNT	FORTINET INC	21,785	$3.894M	1.0%	$178.76	$162.13	+10.3%	COM	34959E109
PSX	PHILLIPS 66	14,451	$3.689M	0.9%	$255.31	$228.44	+11.8%	COM	718546104
JNJ	JOHNSON & JOHNSON	13,644	$3.612M	0.9%	$264.74	$263.82	+0.3%	COM	478160104
HUM	HUMANA INC	9,434	$3.6M	0.9%	$381.57	$388.78	-1.9%	COM	444859102
ANET	ARISTA NETWORKS INC	17,532	$3.569M	0.9%	$203.59	$188.22	+8.2%	COM SHS	040413205
COP	CONOCOPHILLIPS	27,528	$3.445M	0.9%	$125.15	$123.91	+1.0%	COM	20825C104
MS	MORGAN STANLEY	17,474	$3.287M	0.8%	$188.08	$212.47	-11.5%	COM NEW	617446448
BEN	FRANKLIN RESOURCES INC	100,972	$3.243M	0.8%	$32.12	$33.60	-4.4%	COM	354613101
AIZ	ASSURANT INC	12,017	$3.166M	0.8%	$263.50	$279.83	-5.8%	COM	04621X108
BK	BANK OF NY MELLON CORP	21,626	$3.128M	0.8%	$144.63	$144.63	—	COM	064058100
APA	APA CORPORATION	70,726	$2.938M	0.8%	$41.54	$39.70	+4.6%	COM	03743Q108
FLEX	FLEX LTD	26,407	$2.905M	0.7%	$109.99	$118.41	-7.1%	ORD	Y2573F102
CHRW	C H ROBINSON WORLDWIDE IN	19,546	$2.892M	0.7%	$147.96	$162.96	-9.2%	COM NEW	12541W209
GS	GOLDMAN SACHS GROUP INC	3,164	$2.849M	0.7%	$900.36	$1023.15	-12.0%	COM	38141G104
ELV	ELEVANCE HEALTH INC FORMERLY	6,906	$2.685M	0.7%	$388.82	$399.05	-2.6%	COM	036752103
GL	GLOBE LIFE INC	15,621	$2.588M	0.7%	$165.65	$176.23	-6.0%	COM	37959E102
DVA	DAVITA INC	14,364	$2.513M	0.6%	$174.92	$200.82	-12.9%	COM	23918K108
IBKR	INTERACTIVE BROKERS GROUP IN	28,517	$2.436M	0.6%	$85.42	$91.51	-6.7%	COM CL A	45841N107
ALL	ALLSTATE CORP	9,622	$2.135M	0.5%	$221.86	$253.58	-12.5%	COM	020002101
EOG	EOG RES INC	14,840	$2.044M	0.5%	$137.76	$142.66	-3.4%	COM	26875P101
CNC	CENTENE CORP DEL	31,803	$1.976M	0.5%	$62.12	$65.30	-4.9%	COM	15135B101
AMZN	AMAZON COM INC	7,107	$1.771M	0.5%	$249.15	$254.08	-1.9%	COM	023135106
EXPE	EXPEDIA GROUP INC	6,719	$1.77M	0.5%	$263.36	$291.09	-9.5%	COM NEW	30212P303
TLT	ISHARES TR	16,288	$1.267M	0.3%	$77.78	$82.47	-5.7%	20 YR TR BD ETF	464287432

Increased Positions (13)

IVV ISHARES TR 1.3%

Value $4.875M (+229.7%) Shares 6,365 (+222.4%) Share Price $765.85 Est. Cost/Share $752.28 Unrealized @ Report Date +1.8%

KEYS KEYSIGHT TECHNOLOGIES INC 1.0%

Value $3.804M (+75.1%) Shares 10,449 (+68.4%) Share Price $364.04 Est. Cost/Share $275.94 Unrealized @ Report Date +31.9%

MNST MONSTER BEVERAGE CORP NEW 1.5%

Value $5.652M (+40.0%) Shares 135,811 (+223.4%) Share Price $41.62 Est. Cost/Share $66.41 Unrealized @ Report Date -37.3%

FCX FREEPORT MCMORAN INC 1.0%

Value $3.96M (+52.8%) Shares 56,577 (+37.3%) Share Price $70.00 Est. Cost/Share $61.15 Unrealized @ Report Date +14.5%

STT STATE STR CORP 0.8%

Value $3.305M (+36.0%) Shares 18,929 (+32.1%) Share Price $174.59 Est. Cost/Share $139.39 Unrealized @ Report Date +25.3%

IAU ISHARES GOLD TR 2.2%

Value $8.751M (+10.4%) Shares 112,043 (+6.8%) Share Price $78.10 Est. Cost/Share $43.10 Unrealized @ Report Date +81.2%

ETN EATON CORP PLC 0.8%

Value $3.201M (+34.4%) Shares 7,450 (+33.3%) Share Price $429.71 Est. Cost/Share $403.07 Unrealized @ Report Date +6.6%

C CITIGROUP INC 0.9%

Value $3.479M (+29.9%) Shares 26,867 (+40.4%) Share Price $129.48 Est. Cost/Share $117.49 Unrealized @ Report Date +10.2%

MAR MARRIOTT INTL INC NEW 0.7%

Value $2.739M (+30.6%) Shares 7,701 (+36.1%) Share Price $355.67 Est. Cost/Share $331.30 Unrealized @ Report Date +7.4%

VTR VENTAS INC 0.7%

Value $2.641M (+31.6%) Shares 31,061 (+37.5%) Share Price $85.02 Est. Cost/Share $77.17 Unrealized @ Report Date —

VEA VANGUARD TAX-MANAGED FDS 1.5%

Value $5.882M (+11.9%) Shares 83,304 (+12.9%) Share Price $70.61 Est. Cost/Share $57.69 Unrealized @ Report Date +22.4%

RL RALPH LAUREN CORP 0.7%

Value $2.727M (+24.1%) Shares 7,680 (+40.2%) Share Price $355.07 Est. Cost/Share $345.21 Unrealized @ Report Date +2.9%

VNQ VANGUARD INDEX FDS 1.8%

Value $7.026M (+2.2%) Shares 78,393 (+10.0%) Share Price $89.63 Est. Cost/Share $89.21 Unrealized @ Report Date +0.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IVV	ISHARES TR	6,365 (+222.4%)	$4.875M (+229.7%)	1.3%	$765.85	$752.28	+1.8%	CORE S&P500 ETF	464287200
KEYS	KEYSIGHT TECHNOLOGIES INC	10,449 (+68.4%)	$3.804M (+75.1%)	1.0%	$364.04	$275.94	+31.9%	COM	49338L103
MNST	MONSTER BEVERAGE CORP NEW	135,811 (+223.4%)	$5.652M (+40.0%)	1.5%	$41.62	$66.41	-37.3%	COM	61174X109
FCX	FREEPORT MCMORAN INC	56,577 (+37.3%)	$3.96M (+52.8%)	1.0%	$70.00	$61.15	+14.5%	CL B	35671D857
STT	STATE STR CORP	18,929 (+32.1%)	$3.305M (+36.0%)	0.8%	$174.59	$139.39	+25.3%	COM	857477103
IAU	ISHARES GOLD TR	112,043 (+6.8%)	$8.751M (+10.4%)	2.2%	$78.10	$43.10	+81.2%	ISHARES NEW	464285204
ETN	EATON CORP PLC	7,450 (+33.3%)	$3.201M (+34.4%)	0.8%	$429.71	$403.07	+6.6%	SHS	G29183103
C	CITIGROUP INC	26,867 (+40.4%)	$3.479M (+29.9%)	0.9%	$129.48	$117.49	+10.2%	COM NEW	172967424
MAR	MARRIOTT INTL INC NEW	7,701 (+36.1%)	$2.739M (+30.6%)	0.7%	$355.67	$331.30	+7.4%	CL A	571903202
VTR	VENTAS INC	31,061 (+37.5%)	$2.641M (+31.6%)	0.7%	$85.02	$77.17	—	COM	92276F100
VEA	VANGUARD TAX-MANAGED FDS	83,304 (+12.9%)	$5.882M (+11.9%)	1.5%	$70.61	$57.69	+22.4%	VAN FTSE DEV MKT	921943858
RL	RALPH LAUREN CORP	7,680 (+40.2%)	$2.727M (+24.1%)	0.7%	$355.07	$345.21	+2.9%	CL A	751212101
VNQ	VANGUARD INDEX FDS	78,393 (+10.0%)	$7.026M (+2.2%)	1.8%	$89.63	$89.21	+0.5%	REAL ESTATE ETF	922908553

Exited Positions (37)

SNDK SANDISK CORP 1.7%

Value $6.689M Shares 2,942 Share Price $2273.73 * Est. Cost/Share $505.77 Unrealized @ Report Date +244.0%

INTC INTEL CORP 1.6%

Value $6.253M Shares 44,781 Share Price $139.63 * Est. Cost/Share $28.92 Unrealized @ Report Date +315.7%

CRWD CROWDSTRIKE HLDGS INC 1.3%

Value $4.942M Shares 6,476 Share Price $763.14 * Est. Cost/Share $556.12 Unrealized @ Report Date -52.4%

CVS CVS HEALTH CORP 1.3%

Value $4.878M Shares 47,156 Share Price $103.45 * Est. Cost/Share $75.91 Unrealized @ Report Date +12.9%

VRT VERTIV HOLDINGS CO 1.2%

Value $4.84M Shares 14,456 Share Price $334.82 * Est. Cost/Share $221.89 Unrealized @ Report Date +8.8%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.2%

Value $4.819M Shares 4,994 Share Price $965.00 * Est. Cost/Share $201.83 Unrealized @ Report Date +357.0%

COHR COHERENT CORP 1.2%

Value $4.78M Shares 12,118 Share Price $394.47 * Est. Cost/Share $340.86 Unrealized @ Report Date -15.6%

FIX COMFORT SYS USA INC 1.2%

Value $4.664M Shares 2,353 Share Price $1981.95 * Est. Cost/Share $1244.25 Unrealized @ Report Date +32.9%

WDC WESTERN DIGITAL CORP 1.2%

Value $4.592M Shares 7,190 Share Price $638.72 * Est. Cost/Share $144.91 Unrealized @ Report Date +213.6%

CIEN CIENA CORP 1.2%

Value $4.557M Shares 9,290 Share Price $490.56 * Est. Cost/Share $306.08 Unrealized @ Report Date +14.9%

LITE LUMENTUM HLDGS INC 1.1%

Value $4.451M Shares 5,187 Share Price $858.06 * Est. Cost/Share $550.07 Unrealized @ Report Date +76.6%

TXN TEXAS INSTRS INC 1.1%

Value $4.318M Shares 14,486 Share Price $298.07 * Est. Cost/Share $268.42 Unrealized @ Report Date +4.3%

GLW CORNING INC 1.1%

Value $4.217M Shares 16,511 Share Price $255.43 * Est. Cost/Share $60.44 Unrealized @ Report Date +154.4%

DD DUPONT DE NEMOURS INC 1.0%

Value $4.025M Shares 29,676 Share Price $135.64 Est. Cost/Share $135.64 Unrealized @ Report Date —

JBL JABIL INC 1.0%

Value $3.941M Shares 10,223 Share Price $385.48 * Est. Cost/Share $180.35 Unrealized @ Report Date +59.1%

GNRC GENERAC HLDGS INC 1.0%

Value $3.895M Shares 13,301 Share Price $292.81 * Est. Cost/Share $192.00 Unrealized @ Report Date +7.8%

EME EMCOR GROUP INC 1.0%

Value $3.789M Shares 4,566 Share Price $829.88 * Est. Cost/Share $645.69 Unrealized @ Report Date +16.9%

STLD STEEL DYNAMICS INC 0.9%

Value $3.679M Shares 16,034 Share Price $229.46 * Est. Cost/Share $178.95 Unrealized @ Report Date +23.8%

MGM MGM RESORTS INTERNATIONAL 0.9%

Value $3.613M Shares 75,562 Share Price $47.81 * Est. Cost/Share $40.72 Unrealized @ Report Date -23.7%

CMI CUMMINS INC 0.9%

Value $3.505M Shares 4,915 Share Price $713.21 * Est. Cost/Share $545.91 Unrealized @ Report Date -5.4%

HAL HALLIBURTON CO 0.8%

Value $3.303M Shares 97,289 Share Price $33.95 * Est. Cost/Share $37.93 Unrealized @ Report Date -16.2%

GOOGL ALPHABET INC 0.8%

Value $3.137M Shares 8,778 Share Price $357.37 * Est. Cost/Share $305.97 Unrealized @ Report Date +12.5%

CSCO CISCO SYS INC 0.8%

Value $2.961M Shares 25,211 Share Price $117.46 * Est. Cost/Share $73.29 Unrealized @ Report Date +46.8%

CF CF INDUSTRIES HOLD 0.7%

Value $2.89M Shares 26,697 Share Price $108.26 * Est. Cost/Share $100.24 Unrealized @ Report Date +14.9%

QCOM QUALCOMM INC 0.7%

Value $2.808M Shares 15,198 Share Price $184.79 Est. Cost/Share $179.88 Unrealized @ Report Date +2.3%

ON ON SEMICONDUCTOR CORP 0.7%

Value $2.755M Shares 29,140 Share Price $94.54 * Est. Cost/Share $62.78 Unrealized @ Report Date +22.4%

EIX EDISON INTL 0.7%

Value $2.688M Shares 36,110 Share Price $74.45 * Est. Cost/Share $69.38 Unrealized @ Report Date -22.6%

F FORD MTR CO 0.7%

Value $2.595M Shares 186,726 Share Price $13.90 * Est. Cost/Share $12.66 Unrealized @ Report Date -4.8%

AEP AMERICAN ELEC PWR CO INC 0.7%

Value $2.536M Shares 18,535 Share Price $136.81 * Est. Cost/Share $117.28 Unrealized @ Report Date +1.2%

NXPI NXP SEMICONDUCTORS N V 0.6%

Value $2.455M Shares 8,734 Share Price $281.03 * Est. Cost/Share $269.32 Unrealized @ Report Date -11.8%

MPWR MONOLITHIC PWR SYS INC 0.5%

Value $2.05M Shares 1,483 Share Price $1382.36 * Est. Cost/Share $940.33 Unrealized @ Report Date +43.3%

BKR BAKER HUGHES COMPANY 0.5%

Value $2.045M Shares 36,848 Share Price $55.50 Est. Cost/Share $46.53 Unrealized @ Report Date +18.0%

WMT WALMART INC 0.5%

Value $1.959M Shares 17,295 Share Price $113.26 * Est. Cost/Share $120.36 Unrealized @ Report Date -13.7%

FDX FEDEX CORP 0.5%

Value $1.928M Shares 6,156 Share Price $313.13 * Est. Cost/Share $343.80 Unrealized @ Report Date -17.1%

AKAM AKAMAI TECHNOLOGIES INC 0.5%

Value $1.835M Shares 15,525 Share Price $118.21 * Est. Cost/Share $116.62 Unrealized @ Report Date -8.8%

DGX QUEST DIAGNOSTICS INC 0.4%

Value $1.581M Shares 7,459 Share Price $211.95 * Est. Cost/Share $181.67 Unrealized @ Report Date +28.3%

ALB ALBEMARLE CORP 0.4%

Value $1.451M Shares 10,746 Share Price $135.03 * Est. Cost/Share $110.81 Unrealized @ Report Date -4.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SNDK	SANDISK CORP	2,942	$6.689M	1.7%	$2273.73 *	$505.77	+244.0%	—	80004C200
INTC	INTEL CORP	44,781	$6.253M	1.6%	$139.63 *	$28.92	+315.7%	—	458140100
CRWD	CROWDSTRIKE HLDGS INC	6,476	$4.942M	1.3%	$763.14 *	$556.12	-52.4%	—	22788C105
CVS	CVS HEALTH CORP	47,156	$4.878M	1.3%	$103.45 *	$75.91	+12.9%	—	126650100
VRT	VERTIV HOLDINGS CO	14,456	$4.84M	1.2%	$334.82 *	$221.89	+8.8%	—	92537N108
STX	SEAGATE TECHNOLOGY HLDNGS PL	4,994	$4.819M	1.2%	$965.00 *	$201.83	+357.0%	—	G7997R103
COHR	COHERENT CORP	12,118	$4.78M	1.2%	$394.47 *	$340.86	-15.6%	—	19247G107
FIX	COMFORT SYS USA INC	2,353	$4.664M	1.2%	$1981.95 *	$1244.25	+32.9%	—	199908104
WDC	WESTERN DIGITAL CORP	7,190	$4.592M	1.2%	$638.72 *	$144.91	+213.6%	—	958102105
CIEN	CIENA CORP	9,290	$4.557M	1.2%	$490.56 *	$306.08	+14.9%	—	171779309
LITE	LUMENTUM HLDGS INC	5,187	$4.451M	1.1%	$858.06 *	$550.07	+76.6%	—	55024U109
TXN	TEXAS INSTRS INC	14,486	$4.318M	1.1%	$298.07 *	$268.42	+4.3%	—	882508104
GLW	CORNING INC	16,511	$4.217M	1.1%	$255.43 *	$60.44	+154.4%	—	219350105
DD	DUPONT DE NEMOURS INC	29,676	$4.025M	1.0%	$135.64	$135.64	—	—	26614N201
JBL	JABIL INC	10,223	$3.941M	1.0%	$385.48 *	$180.35	+59.1%	—	466313103
GNRC	GENERAC HLDGS INC	13,301	$3.895M	1.0%	$292.81 *	$192.00	+7.8%	—	368736104
EME	EMCOR GROUP INC	4,566	$3.789M	1.0%	$829.88 *	$645.69	+16.9%	—	29084Q100
STLD	STEEL DYNAMICS INC	16,034	$3.679M	0.9%	$229.46 *	$178.95	+23.8%	—	858119100
MGM	MGM RESORTS INTERNATIONAL	75,562	$3.613M	0.9%	$47.81 *	$40.72	-23.7%	—	552953101
CMI	CUMMINS INC	4,915	$3.505M	0.9%	$713.21 *	$545.91	-5.4%	—	231021106
HAL	HALLIBURTON CO	97,289	$3.303M	0.8%	$33.95 *	$37.93	-16.2%	—	406216101
GOOGL	ALPHABET INC	8,778	$3.137M	0.8%	$357.37 *	$305.97	+12.5%	—	02079K305
CSCO	CISCO SYS INC	25,211	$2.961M	0.8%	$117.46 *	$73.29	+46.8%	—	17275R102
CF	CF INDUSTRIES HOLD	26,697	$2.89M	0.7%	$108.26 *	$100.24	+14.9%	—	125269100
QCOM	QUALCOMM INC	15,198	$2.808M	0.7%	$184.79	$179.88	+2.3%	—	747525103
ON	ON SEMICONDUCTOR CORP	29,140	$2.755M	0.7%	$94.54 *	$62.78	+22.4%	—	682189105
EIX	EDISON INTL	36,110	$2.688M	0.7%	$74.45 *	$69.38	-22.6%	—	281020107
F	FORD MTR CO	186,726	$2.595M	0.7%	$13.90 *	$12.66	-4.8%	—	345370860
AEP	AMERICAN ELEC PWR CO INC	18,535	$2.536M	0.7%	$136.81 *	$117.28	+1.2%	—	025537101
NXPI	NXP SEMICONDUCTORS N V	8,734	$2.455M	0.6%	$281.03 *	$269.32	-11.8%	—	N6596X109
MPWR	MONOLITHIC PWR SYS INC	1,483	$2.05M	0.5%	$1382.36 *	$940.33	+43.3%	—	609839105
BKR	BAKER HUGHES COMPANY	36,848	$2.045M	0.5%	$55.50	$46.53	+18.0%	—	05722G100
WMT	WALMART INC	17,295	$1.959M	0.5%	$113.26 *	$120.36	-13.7%	—	931142103
FDX	FEDEX CORP	6,156	$1.928M	0.5%	$313.13 *	$343.80	-17.1%	—	31428X106
AKAM	AKAMAI TECHNOLOGIES INC	15,525	$1.835M	0.5%	$118.21 *	$116.62	-8.8%	—	00971T101
DGX	QUEST DIAGNOSTICS INC	7,459	$1.581M	0.4%	$211.95 *	$181.67	+28.3%	—	74834L100
ALB	ALBEMARLE CORP	10,746	$1.451M	0.4%	$135.03 *	$110.81	-4.5%	—	012653101

Decreased Positions (32)

MU MICRON TECHNOLOGY INC 0.1%

Value $207K (-96.6%) Shares 194 (-96.4%) Share Price $1065.11 Est. Cost/Share $127.82 Unrealized @ Report Date +733.3%

JBHT HUNT J B TRANS SVCS INC 0.6%

Value $2.436M (-53.2%) Shares 10,874 (-39.5%) Share Price $224.05 Est. Cost/Share $220.15 Unrealized @ Report Date +1.8%

DDOG DATADOG INC 0.6%

Value $2.227M (-55.4%) Shares 8,131 (-57.6%) Share Price $273.85 Est. Cost/Share $182.31 Unrealized @ Report Date +50.2%

LRCX LAM RESEARCH CORP 0.7%

Value $2.647M (-50.9%) Shares 8,059 (-35.2%) Share Price $328.51 Est. Cost/Share $152.33 Unrealized @ Report Date +115.7%

AMAT APPLIED MATLS INC 0.6%

Value $2.239M (-53.9%) Shares 4,379 (-34.8%) Share Price $511.38 Est. Cost/Share $235.21 Unrealized @ Report Date +117.4%

TER TERADYNE INC 0.7%

Value $2.707M (-46.2%) Shares 6,752 (-35.0%) Share Price $400.91 Est. Cost/Share $171.50 Unrealized @ Report Date +133.8%

ADM ARCHER DANIELS MIDLAND CO 0.7%

Value $2.648M (-45.8%) Shares 33,363 (-47.8%) Share Price $79.38 Est. Cost/Share $75.05 Unrealized @ Report Date +5.8%

KLAC KLA CORP 0.8%

Value $3.034M (-42.0%) Shares 15,565 (-10.2%) Share Price $194.93 Est. Cost/Share $1488.08 Unrealized @ Report Date -86.9%

GEV GE VERNOVA INC 0.7%

Value $2.706M (-44.4%) Shares 2,847 (-31.2%) Share Price $950.49 Est. Cost/Share $756.86 Unrealized @ Report Date +25.6%

IWM ISHARES TR 4.5%

Value $17.71M (-10.4%) Shares 63,716 (-3.1%) Share Price $277.89 Est. Cost/Share $185.81 Unrealized @ Report Date +49.6%

JCI JOHNSON CONTROLS INTERNATION 0.8%

Value $3.292M (-35.1%) Shares 22,148 (-36.2%) Share Price $148.65 Est. Cost/Share $123.56 Unrealized @ Report Date +20.3%

CAT CATERPILLAR INC 0.4%

Value $1.739M (-50.2%) Shares 2,145 (-34.6%) Share Price $810.79 Est. Cost/Share $543.77 Unrealized @ Report Date +49.1%

PANW PALO ALTO NETWORKS INC 1.0%

Value $4.083M (-28.3%) Shares 10,277 (-38.5%) Share Price $397.31 Est. Cost/Share $225.27 Unrealized @ Report Date +76.4%

TRGP TARGA RES CORP 0.7%

Value $2.672M (-37.4%) Shares 9,886 (-37.9%) Share Price $270.31 Est. Cost/Share $243.25 Unrealized @ Report Date +11.1%

PDBC INVESCO ACTVELY MNGD ETC FD 2.5%

Value $9.598M (+19.1%) Shares 497,327 (-2.0%) Share Price $19.30 Est. Cost/Share $15.62 Unrealized @ Report Date +23.6%

ROK ROCKWELL AUTOMATION INC 0.5%

Value $1.988M (-43.4%) Shares 4,567 (-35.6%) Share Price $435.33 Est. Cost/Share $388.40 Unrealized @ Report Date +12.1%

HWM HOWMET AEROSPACE INC 0.8%

Value $3.167M (-30.8%) Shares 14,003 (-17.8%) Share Price $226.18 Est. Cost/Share $211.33 Unrealized @ Report Date +7.0%

RWR SPDR SERIES TRUST 2.8%

Value $10.78M (-11.3%) Shares 102,720 (-4.4%) Share Price $104.92 Est. Cost/Share $100.15 Unrealized @ Report Date +4.8%

WAB WABTEC 0.7%

Value $2.792M (-29.9%) Shares 9,721 (-34.2%) Share Price $287.18 Est. Cost/Share $212.67 Unrealized @ Report Date +35.0%

ADI ANALOG DEVICES INC 0.9%

Value $3.68M (-22.0%) Shares 9,276 (-21.9%) Share Price $396.71 Est. Cost/Share $382.96 Unrealized @ Report Date +3.6%

IWR ISHARES TR 4.4%

Value $17.14M (-5.7%) Shares 160,644 (-2.5%) Share Price $106.71 Est. Cost/Share $68.00 Unrealized @ Report Date +56.9%

NUE NUCOR CORP 0.5%

Value $1.936M (-32.6%) Shares 8,281 (-35.8%) Share Price $233.75 Est. Cost/Share $171.94 Unrealized @ Report Date +35.9%

MPC MARATHON PETE CORP 1.0%

Value $3.781M (+24.8%) Shares 9,562 (-19.3%) Share Price $395.42 Est. Cost/Share $241.14 Unrealized @ Report Date +64.0%

EFA ISHARES TR 4.0%

Value $15.63M (-4.0%) Shares 150,408 (-4.1%) Share Price $103.89 Est. Cost/Share $69.72 Unrealized @ Report Date +49.0%

VLO VALERO ENERGY CORP 0.6%

Value $2.181M (-16.5%) Shares 5,627 (-43.9%) Share Price $387.61 Est. Cost/Share $166.66 Unrealized @ Report Date +132.6%

DELL DELL TECHNOLOGIES INC 1.0%

Value $3.805M (-9.2%) Shares 7,074 (-27.2%) Share Price $537.95 Est. Cost/Share $250.68 Unrealized @ Report Date +114.6%

NTRS NORTHERN TR CORP 0.6%

Value $2.397M (-12.4%) Shares 14,151 (-10.1%) Share Price $169.36 Est. Cost/Share $157.80 Unrealized @ Report Date +7.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.0%

Value $15.69M (-1.6%) Shares 31,500 (-1.1%) Share Price $497.95 Est. Cost/Share $277.08 Unrealized @ Report Date +79.7%

NVDA NVIDIA CORPORATION 0.6%

Value $2.464M (-6.4%) Shares 10,789 (-18.0%) Share Price $228.38 Est. Cost/Share $195.04 Unrealized @ Report Date +17.1%

SHV ISHARES TR 1.0%

Value $3.83M (-4.2%) Shares 34,721 (-4.1%) Share Price $110.32 Est. Cost/Share $110.35 Unrealized @ Report Date -0.0%

GSG ISHARES S&P GSCI COMMODITY- 0.2%

Value $768K (+3.9%) Shares 21,597 (-16.4%) Share Price $35.57 Est. Cost/Share $14.51 Unrealized @ Report Date +145.1%

GLD SPDR GOLD TR 0.1%

Value $244K (-2.3%) Shares 641 (-5.5%) Share Price $380.84 Est. Cost/Share $128.99 Unrealized @ Report Date +195.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	194 (-96.4%)	$207K (-96.6%)	0.1%	$1065.11	$127.82	+733.3%	COM	595112103
JBHT	HUNT J B TRANS SVCS INC	10,874 (-39.5%)	$2.436M (-53.2%)	0.6%	$224.05	$220.15	+1.8%	COM	445658107
DDOG	DATADOG INC	8,131 (-57.6%)	$2.227M (-55.4%)	0.6%	$273.85	$182.31	+50.2%	CL A COM	23804L103
LRCX	LAM RESEARCH CORP	8,059 (-35.2%)	$2.647M (-50.9%)	0.7%	$328.51	$152.33	+115.7%	COM NEW	512807306
AMAT	APPLIED MATLS INC	4,379 (-34.8%)	$2.239M (-53.9%)	0.6%	$511.38	$235.21	+117.4%	COM	038222105
TER	TERADYNE INC	6,752 (-35.0%)	$2.707M (-46.2%)	0.7%	$400.91	$171.50	+133.8%	COM	880770102
ADM	ARCHER DANIELS MIDLAND CO	33,363 (-47.8%)	$2.648M (-45.8%)	0.7%	$79.38	$75.05	+5.8%	COM	039483102
KLAC	KLA CORP	15,565 (-10.2%)	$3.034M (-42.0%)	0.8%	$194.93	$1488.08	-86.9%	COM NEW	482480100
GEV	GE VERNOVA INC	2,847 (-31.2%)	$2.706M (-44.4%)	0.7%	$950.49	$756.86	+25.6%	COM	36828A101
IWM	ISHARES TR	63,716 (-3.1%)	$17.71M (-10.4%)	4.5%	$277.89	$185.81	+49.6%	RUSSELL 2000 ETF	464287655
JCI	JOHNSON CONTROLS INTERNATION	22,148 (-36.2%)	$3.292M (-35.1%)	0.8%	$148.65	$123.56	+20.3%	SHS	G51502105
CAT	CATERPILLAR INC	2,145 (-34.6%)	$1.739M (-50.2%)	0.4%	$810.79	$543.77	+49.1%	COM	149123101
PANW	PALO ALTO NETWORKS INC	10,277 (-38.5%)	$4.083M (-28.3%)	1.0%	$397.31	$225.27	+76.4%	COM	697435105
TRGP	TARGA RES CORP	9,886 (-37.9%)	$2.672M (-37.4%)	0.7%	$270.31	$243.25	+11.1%	COM	87612G101
PDBC	INVESCO ACTVELY MNGD ETC FD	497,327 (-2.0%)	$9.598M (+19.1%)	2.5%	$19.30	$15.62	+23.6%	OPTIMUM YIELD	46090F100
ROK	ROCKWELL AUTOMATION INC	4,567 (-35.6%)	$1.988M (-43.4%)	0.5%	$435.33	$388.40	+12.1%	COM	773903109
HWM	HOWMET AEROSPACE INC	14,003 (-17.8%)	$3.167M (-30.8%)	0.8%	$226.18	$211.33	+7.0%	COM	443201108
RWR	SPDR SERIES TRUST	102,720 (-4.4%)	$10.78M (-11.3%)	2.8%	$104.92	$100.15	+4.8%	ST STR DOW REIT	78464A607
WAB	WABTEC	9,721 (-34.2%)	$2.792M (-29.9%)	0.7%	$287.18	$212.67	+35.0%	COM	929740108
ADI	ANALOG DEVICES INC	9,276 (-21.9%)	$3.68M (-22.0%)	0.9%	$396.71	$382.96	+3.6%	COM	032654105
IWR	ISHARES TR	160,644 (-2.5%)	$17.14M (-5.7%)	4.4%	$106.71	$68.00	+56.9%	RUS MID CAP ETF	464287499
NUE	NUCOR CORP	8,281 (-35.8%)	$1.936M (-32.6%)	0.5%	$233.75	$171.94	+35.9%	COM	670346105
MPC	MARATHON PETE CORP	9,562 (-19.3%)	$3.781M (+24.8%)	1.0%	$395.42	$241.14	+64.0%	COM	56585A102
EFA	ISHARES TR	150,408 (-4.1%)	$15.63M (-4.0%)	4.0%	$103.89	$69.72	+49.0%	MSCI EAFE ETF	464287465
VLO	VALERO ENERGY CORP	5,627 (-43.9%)	$2.181M (-16.5%)	0.6%	$387.61	$166.66	+132.6%	COM	91913Y100
DELL	DELL TECHNOLOGIES INC	7,074 (-27.2%)	$3.805M (-9.2%)	1.0%	$537.95	$250.68	+114.6%	CL C	24703L202
NTRS	NORTHERN TR CORP	14,151 (-10.1%)	$2.397M (-12.4%)	0.6%	$169.36	$157.80	+7.3%	COM	665859104
BRK/B	BERKSHIRE HATHAWAY INC DEL	31,500 (-1.1%)	$15.69M (-1.6%)	4.0%	$497.95	$277.08	+79.7%	CL B NEW	084670702
NVDA	NVIDIA CORPORATION	10,789 (-18.0%)	$2.464M (-6.4%)	0.6%	$228.38	$195.04	+17.1%	COM	67066G104
SHV	ISHARES TR	34,721 (-4.1%)	$3.83M (-4.2%)	1.0%	$110.32	$110.35	-0.0%	TRUST ISHARE 0-1	464288679
GSG	ISHARES S&P GSCI COMMODITY-	21,597 (-16.4%)	$768K (+3.9%)	0.2%	$35.57	$14.51	+145.1%	UNIT BEN INT	46428R107
GLD	SPDR GOLD TR	641 (-5.5%)	$244K (-2.3%)	0.1%	$380.84	$128.99	+195.2%	GOLD SHS	78463V107

Unchanged Positions (4)

IEF ISHARES TR 12.1%

Value $47.1M Shares 527,427 Share Price $89.31 Est. Cost/Share $106.06 Unrealized @ Report Date -15.8%

SPY STATE STR SPDR S&P 500 ETF T 5.3%

Value $20.53M Shares 26,925 Share Price $762.63 Est. Cost/Share $356.01 Unrealized @ Report Date +114.2%

VWO VANGUARD INTL EQUITY INDEX F 5.5%

Value $21.35M Shares 359,897 Share Price $59.31 Est. Cost/Share $44.56 Unrealized @ Report Date +33.1%

VOO VANGUARD INDEX FDS 0.1%

Value $371K Shares 530 Share Price $700.86 Est. Cost/Share $385.79 Unrealized @ Report Date +81.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IEF	ISHARES TR	527,427	$47.1M	12.1%	$89.31	$106.06	-15.8%	7-10 YR TRSY BD	464287440
SPY	STATE STR SPDR S&P 500 ETF T	26,925	$20.53M	5.3%	$762.63	$356.01	+114.2%	TR UNIT	78462F103
VWO	VANGUARD INTL EQUITY INDEX F	359,897	$21.35M	5.5%	$59.31	$44.56	+33.1%	FTSE EMR MKT ETF	922042858
VOO	VANGUARD INDEX FDS	530	$371K	0.1%	$700.86	$385.79	+81.7%	S&P 500 ETF SHS	922908363