Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
V	Visa Inc	228,010	$68.91M	6.9%	$329.17	0.0%	COM	92826C839
GLW	Corning Inc	356,933	$48.53M	4.9%	$111.68	0.0%	COM	219350105
DOCN	DigitalOcean Holdings Inc	496,702	$42.61M	4.3%	$58.07	0.0%	COM	25402D102
LHX	L3HARRIS Technologies Inv	39,755	$13.72M	1.4%	$343.14	0.0%	COM	502431109
LIN	Linde PLC	8,600	$4.264M	0.4%	$460.00	0.0%	COM	G54950103
LITE	Lumentum Holdings Inc	100	$70,276	0.0%	$467.14	0.0%	COM	55024U109
MDLZ	Mondelez International Inc	1,000	$57,640	0.0%	$58.16	0.0%	COM	609207105

Increased Positions (6)

TSM Taiwan Semiconductor Manufacturing Co Ltd 7.3%

Value $72.88M (+1242.9%) Shares 215,663 (+1107.5%) Est. Cost $335.13 Unrealized —

PWR Quanta Services Inc 12.6%

Value $125M (+64.1%) Shares 228,277 (+26.1%) Est. Cost $449.00 Unrealized +8.3%

MSFT Microsoft Corp 9.6%

Value $95.44M (-17.3%) Shares 257,826 (+8.0%) Est. Cost $312.43 Unrealized +39.1%

GOOGL Alphabet Inc 18.0%

Value $180M (-3.7%) Shares 624,783 (+4.8%) Est. Cost $214.46 Unrealized +50.7%

GE General Electric Co 0.5%

Value $4.626M (+870.2%) Shares 16,303 (+953.2%) Est. Cost $302.76 Unrealized +5.1%

ICE Intercontinental Exchanges Inc 0.1%

Value $1.305M (+7960.2%) Shares 8,300 (+8200.0%) Est. Cost $164.92 Unrealized +0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	Taiwan Semiconductor Manufacturing Co Ltd	215,663 (+1107.5%)	$72.88M (+1242.9%)	7.3%	$335.13	—	ADR	874039100
PWR	Quanta Services Inc	228,277 (+26.1%)	$125M (+64.1%)	12.6%	$449.00	+8.3%	COM	74762E102
MSFT	Microsoft Corp	257,826 (+8.0%)	$95.44M (-17.3%)	9.6%	$312.43	+39.1%	COM	594918104
GOOGL	Alphabet Inc	624,783 (+4.8%)	$180M (-3.7%)	18.0%	$214.46	+50.7%	COM	02079K305
GE	General Electric Co	16,303 (+953.2%)	$4.626M (+870.2%)	0.5%	$302.76	+5.1%	COM	369604301
ICE	Intercontinental Exchanges Inc	8,300 (+8200.0%)	$1.305M (+7960.2%)	0.1%	$164.92	+0.0%	COM	45866F104

Exited Positions (3)

META Meta Platforms Inc 4.3%

Value $43.31M Shares 58,974 Est. Cost $606.84 Unrealized +8.0%

TEAM Atlassian Corp 0.0%

Value $162K Shares 1,000 Est. Cost $178.53 Unrealized -36.5%

BABA Alibaba Group Holding Ltd 0.0%

Value $132K Shares 900 Est. Cost $146.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc	58,974	$43.31M	4.3%	$606.84	+8.0%	—	30303M102
TEAM	Atlassian Corp	1,000	$162K	0.0%	$178.53	-36.5%	—	049468101
BABA	Alibaba Group Holding Ltd	900	$132K	0.0%	$146.58	—	—	01609W102

Decreased Positions (11)

AVGO Broadcom Inc 2.0%

Value $20.37M (-72.4%) Shares 65,825 (-69.1%) Est. Cost $305.48 Unrealized +9.4%

SNOW Snowflake Inc 0.0%

Value $227K (-99.4%) Shares 1,508 (-99.1%) Est. Cost $241.03 Unrealized -19.3%

ABNB Airbnb Inc 0.0%

Value $449K (-98.4%) Shares 3,557 (-98.3%) Est. Cost $124.53 Unrealized +3.9%

ACGL Arch Capital Group Ltd 4.6%

Value $46.29M (-35.7%) Shares 482,222 (-35.7%) Est. Cost $76.16 Unrealized +25.9%

XYZ Block Inc 1.2%

Value $11.59M (-65.4%) Shares 192,507 (-62.6%) Est. Cost $79.30 Unrealized -23.9%

CBRE Capital One Finance Corp 0.0%

Value $182K (-99.0%) Shares 1,000 (-98.7%) Est. Cost $146.87 Unrealized +9.9%

APG Api Group Corp 7.5%

Value $74.81M (-10.4%) Shares 1,846,147 (-15.4%) Est. Cost $35.12 Unrealized +21.9%

DASH DoorDash Inc 0.0%

Value $150K (-97.9%) Shares 1,000 (-96.8%) Est. Cost $250.83 Unrealized -21.6%

RTX RTX Corp 11.7%

Value $116M (-2.7%) Shares 602,463 (-7.5%) Est. Cost $147.48 Unrealized +33.3%

AMZN Amazon.com Inc 0.0%

Value $20,827 (-97.0%) Shares 100 (-96.7%) Est. Cost $227.95 Unrealized -0.5%

NVDA NVIDIA Corp 0.0%

Value $127K (-31.8%) Shares 729 (-27.1%) Est. Cost $96.88 Unrealized +92.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	Broadcom Inc	65,825 (-69.1%)	$20.37M (-72.4%)	2.0%	$305.48	+9.4%	COM	11135F101
SNOW	Snowflake Inc	1,508 (-99.1%)	$227K (-99.4%)	0.0%	$241.03	-19.3%	COM	833445109
ABNB	Airbnb Inc	3,557 (-98.3%)	$449K (-98.4%)	0.0%	$124.53	+3.9%	COM	009066101
ACGL	Arch Capital Group Ltd	482,222 (-35.7%)	$46.29M (-35.7%)	4.6%	$76.16	+25.9%	COM	G0450A105
XYZ	Block Inc	192,507 (-62.6%)	$11.59M (-65.4%)	1.2%	$79.30	-23.9%	COM	852234103
CBRE	Capital One Finance Corp	1,000 (-98.7%)	$182K (-99.0%)	0.0%	$146.87	+9.9%	COM	12504L109
APG	Api Group Corp	1,846,147 (-15.4%)	$74.81M (-10.4%)	7.5%	$35.12	+21.9%	COM	00187Y100
DASH	DoorDash Inc	1,000 (-96.8%)	$150K (-97.9%)	0.0%	$250.83	-21.6%	COM	25809K105
RTX	RTX Corp	602,463 (-7.5%)	$116M (-2.7%)	11.7%	$147.48	+33.3%	COM	75513E101
AMZN	Amazon.com Inc	100 (-96.7%)	$20,827 (-97.0%)	0.0%	$227.95	-0.5%	COM	023135106
NVDA	NVIDIA Corp	729 (-27.1%)	$127K (-31.8%)	0.0%	$96.88	+92.6%	COM	67066G104

Unchanged Positions (8)

PM Philip Morris International Inc 6.7%

Value $66.84M Shares 404,274 Est. Cost $115.74 Unrealized +52.0%

FIG Figma Inc 0.0%

Value $361K Shares 17,081 Est. Cost $68.00 Unrealized -58.2%

ARM Arm Holdings PLC 0.0%

Value $151K Shares 1,000 Est. Cost $106.79 Unrealized —

WING Wingstop Inc 0.0%

Value $15,497 Shares 100 Est. Cost $247.68 Unrealized +6.8%

TSLA Tesla Inc 0.0%

Value $37,175 Shares 100 Est. Cost $228.05 Unrealized +86.8%

KEY KeyCorp 0.0%

Value $13,995 Shares 698 Est. Cost $14.86 Unrealized +45.9%

NKE Nike Inc 0.0%

Value $211 Shares 4 Est. Cost $64.91 Unrealized -1.4%

LULU Lululemon Atheletic Inc 0.1%

Value $686K Shares 3,300 Est. Cost $181.15 Unrealized +4.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International Inc	404,274	$66.84M	6.7%	$115.74	+52.0%	COM	718172109
FIG	Figma Inc	17,081	$361K	0.0%	$68.00	-58.2%	COM	316841105
ARM	Arm Holdings PLC	1,000	$151K	0.0%	$106.79	—	ADR	042068205
WING	Wingstop Inc	100	$15,497	0.0%	$247.68	+6.8%	COM	974155103
TSLA	Tesla Inc	100	$37,175	0.0%	$228.05	+86.8%	COM	88160R101
KEY	KeyCorp	698	$13,995	0.0%	$14.86	+45.9%	COM	493267108
NKE	Nike Inc	4	$211	0.0%	$64.91	-1.4%	COM	654106103
LULU	Lululemon Atheletic Inc	3,300	$686K	0.1%	$181.15	+4.2%	COM	550021109