Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TGT	Target Corp	79,387 (+5.9%)	$9.622M (+31.3%)	3.6%	$90.44	+20.7%	COM	87612E106
OKE	Oneok	115,507 (+1.6%)	$10.44M (+24.9%)	3.9%	$42.16	+86.3%	COM	682680103
MSFT	Microsoft Corporation	18,432 (+1.3%)	$6.823M (-22.4%)	2.6%	$171.59	+153.3%	COM	594918104
KR	Kroger Co	134,917 (+2.1%)	$9.763M (+18.3%)	3.7%	$53.05	+21.8%	COM	501044101
ETN	Eaton Corporation	21,962 (+4.0%)	$7.855M (+16.8%)	2.9%	$250.75	+41.0%	COM	G29183103
TXN	Texas Instruments	44,193 (+1.3%)	$8.58M (+13.4%)	3.2%	$109.29	+88.7%	COM	882508104
IVZ	Invesco Ltd.	323,845 (+2.9%)	$7.866M (-4.8%)	2.9%	$24.41	+12.4%	COM	G491BT108
BBY	Best Buy Co.	102,495 (+10.9%)	$6.58M (+6.4%)	2.5%	$77.55	-13.6%	COM	086516101
ANET	Arista Networks	59,055 (+3.2%)	$7.251M (-3.3%)	2.7%	$109.81	+23.0%	COM	040413205
BA	BOEING CO	32,410 (+5.3%)	$6.451M (-3.5%)	2.4%	$226.13	+5.5%	COM	097023105
SYY	Sysco Corp	104,699 (+4.3%)	$7.468M (+1.0%)	2.8%	$56.52	+45.5%	COM	871829107

Exited Positions (1)

ORCL ORACLE CORP 1.8%

Value $4.751M Shares 24,375 Est. Cost $238.05 Unrealized -28.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	24,375	$4.751M	1.8%	$238.05	-28.8%	—	68389X105

Decreased Positions (10)

VLO Valero Energy 4.3%

Value $11.53M (+36.0%) Shares 46,679 (-10.4%) Est. Cost $105.52 Unrealized +80.1%

SPY SPDR SP 500 ETF Trust 0.1%

Value $182K (-93.4%) Shares 280 (-93.1%) Est. Cost $844.47 Unrealized —

FDX Fedex Corp 3.7%

Value $10.02M (+22.0%) Shares 28,125 (-1.0%) Est. Cost $242.70 Unrealized +39.7%

BAC Bank of America Corp 3.2%

Value $8.539M (-13.5%) Shares 175,156 (-2.4%) Est. Cost $26.98 Unrealized +98.9%

COR AmerisourceBergen 4.2%

Value $11.12M (-9.6%) Shares 35,392 (-2.8%) Est. Cost $129.42 Unrealized +172.8%

C Citigroup 3.1%

Value $8.408M (-10.0%) Shares 74,141 (-7.4%) Est. Cost $72.16 Unrealized +61.0%

GE GE AEROSPACE 2.6%

Value $6.843M (-10.5%) Shares 24,115 (-2.9%) Est. Cost $99.70 Unrealized +219.1%

GEV GE VERNOVA INC 1.0%

Value $2.76M (+27.8%) Shares 3,162 (-4.3%) Est. Cost $181.42 Unrealized +306.2%

TJX TJX Cos 3.8%

Value $10.07M (-2.1%) Shares 63,050 (-5.9%) Est. Cost $63.78 Unrealized +141.8%

CAH Cardinal Health 4.2%

Value $11.19M (-0.9%) Shares 52,946 (-3.6%) Est. Cost $55.37 Unrealized +288.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VLO	Valero Energy	46,679 (-10.4%)	$11.53M (+36.0%)	4.3%	$105.52	+80.1%	COM	91913Y100
SPY	SPDR SP 500 ETF Trust	280 (-93.1%)	$182K (-93.4%)	0.1%	$844.47	—	COM	78462F103
FDX	Fedex Corp	28,125 (-1.0%)	$10.02M (+22.0%)	3.7%	$242.70	+39.7%	COM	31428X106
BAC	Bank of America Corp	175,156 (-2.4%)	$8.539M (-13.5%)	3.2%	$26.98	+98.9%	COM	060505104
COR	AmerisourceBergen	35,392 (-2.8%)	$11.12M (-9.6%)	4.2%	$129.42	+172.8%	COM	03073E105
C	Citigroup	74,141 (-7.4%)	$8.408M (-10.0%)	3.1%	$72.16	+61.0%	COM	172967424
GE	GE AEROSPACE	24,115 (-2.9%)	$6.843M (-10.5%)	2.6%	$99.70	+219.1%	COM	369604301
GEV	GE VERNOVA INC	3,162 (-4.3%)	$2.76M (+27.8%)	1.0%	$181.42	+306.2%	COM	36828A101
TJX	TJX Cos	63,050 (-5.9%)	$10.07M (-2.1%)	3.8%	$63.78	+141.8%	COM	872540109
CAH	Cardinal Health	52,946 (-3.6%)	$11.19M (-0.9%)	4.2%	$55.37	+288.9%	COM	14149Y108

Unchanged Positions (11)

TRGP Targa Resources Corp 4.1%

Value $11.03M Shares 43,985 Est. Cost $130.64 Unrealized +54.4%

WMB Williams Companies 3.6%

Value $9.697M Shares 133,238 Est. Cost $34.88 Unrealized +90.2%

SYF Synchrony Financial 2.6%

Value $7.018M Shares 103,177 Est. Cost $63.72 Unrealized +19.7%

AVGO Broadcom Inc 4.3%

Value $11.4M Shares 36,848 Est. Cost $179.92 Unrealized +85.7%

MA Mastercard Incorporated 2.9%

Value $7.761M Shares 15,533 Est. Cost $283.48 Unrealized +90.1%

R Ryder System 4.0%

Value $10.7M Shares 52,274 Est. Cost $78.71 Unrealized +158.0%

AAPL Apple 3.3%

Value $8.784M Shares 34,613 Est. Cost $122.65 Unrealized +114.3%

NVDA NVIDIA CORP 3.2%

Value $8.472M Shares 48,578 Est. Cost $104.64 Unrealized +78.4%

ABBV AbbVie 3.0%

Value $8.083M Shares 37,166 Est. Cost $153.04 Unrealized +45.4%

MCD MCDONALDS CORP 3.2%

Value $8.428M Shares 27,118 Est. Cost $180.85 Unrealized +75.4%

RSP Powershares SP 500 Equal Weight 0.0%

Value $30,707 Shares 160 Est. Cost $5296.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRGP	Targa Resources Corp	43,985	$11.03M	4.1%	$130.64	+54.4%	COM	87612G101
WMB	Williams Companies	133,238	$9.697M	3.6%	$34.88	+90.2%	COM	969457100
SYF	Synchrony Financial	103,177	$7.018M	2.6%	$63.72	+19.7%	COM	87165B103
AVGO	Broadcom Inc	36,848	$11.4M	4.3%	$179.92	+85.7%	COM	11135F101
MA	Mastercard Incorporated	15,533	$7.761M	2.9%	$283.48	+90.1%	COM	57636Q104
R	Ryder System	52,274	$10.7M	4.0%	$78.71	+158.0%	COM	783549108
AAPL	Apple	34,613	$8.784M	3.3%	$122.65	+114.3%	COM	037833100
NVDA	NVIDIA CORP	48,578	$8.472M	3.2%	$104.64	+78.4%	COM	67066G104
ABBV	AbbVie	37,166	$8.083M	3.0%	$153.04	+45.4%	COM	00287Y109
MCD	MCDONALDS CORP	27,118	$8.428M	3.2%	$180.85	+75.4%	COM	580135101
RSP	Powershares SP 500 Equal Weight	160	$30,707	0.0%	$5296.94	—	COM	46137V357