Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAC	KLA CORP COM NEW	2,820	$4.152M	1.5%	$1462.03	0.0%	Common Stock	482480100
CASY	CASEYS GEN STORES INC COM	3,930	$2.86M	1.1%	$631.07	0.0%	Common Stock	147528103
NEE	NEXTERA ENERGY INC COM	22,500	$2.09M	0.8%	$87.17	0.0%	Common Stock	65339F101
WAT	WATERS CORP COM	831	$247K	0.1%	$367.10	0.0%	Common Stock	941848103
ROST	ROSS STORES INC COM	786	$170K	0.1%	$192.38	0.0%	Common Stock	778296103

Increased Positions (5)

TSM TAIWAN SEMICONDUCTOR MANUFACTURING ADS 3.7%

Value $9.834M (+141.5%) Shares 29,100 (+117.2%) Est. Cost $285.24 Unrealized —

GOOGL ALPHABET INC CAPITAL STOCK CL A 2.4%

Value $6.476M (+161.2%) Shares 22,520 (+184.3%) Est. Cost $273.14 Unrealized +18.4%

NVDA NVIDIA CORP COM 5.9%

Value $15.76M (+19.4%) Shares 90,340 (+27.7%) Est. Cost $133.43 Unrealized +39.9%

AVGO BROADCOM INC 2.3%

Value $6.252M (+58.5%) Shares 20,200 (+77.2%) Est. Cost $263.99 Unrealized +26.6%

META META PLATFORMS INC COM CL A 1.1%

Value $3.095M (-10.0%) Shares 5,410 (+3.8%) Est. Cost $692.68 Unrealized -5.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING ADS	29,100 (+117.2%)	$9.834M (+141.5%)	3.7%	$285.24	—	American Depository Receipt	874039100
GOOGL	ALPHABET INC CAPITAL STOCK CL A	22,520 (+184.3%)	$6.476M (+161.2%)	2.4%	$273.14	+18.4%	Common Stock	02079K305
NVDA	NVIDIA CORP COM	90,340 (+27.7%)	$15.76M (+19.4%)	5.9%	$133.43	+39.9%	Common Stock	67066G104
AVGO	BROADCOM INC	20,200 (+77.2%)	$6.252M (+58.5%)	2.3%	$263.99	+26.6%	Common Stock	11135F101
META	META PLATFORMS INC COM CL A	5,410 (+3.8%)	$3.095M (-10.0%)	1.1%	$692.68	-5.4%	Common Stock	30303M102

Exited Positions (3)

CPRT COPART INC 1.6%

Value $4.333M Shares 110,683 Est. Cost $38.73 Unrealized +1.1%

NVO NOVO-NORDISK A S 0.5%

Value $1.377M Shares 27,073 Est. Cost $86.41 Unrealized —

PGR PROGRESSIVE CORP 0.2%

Value $510K Shares 2,238 Est. Cost $170.60 Unrealized +21.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CPRT	COPART INC	110,683	$4.333M	1.6%	$38.73	+1.1%	—	217204106
NVO	NOVO-NORDISK A S	27,073	$1.377M	0.5%	$86.41	—	—	670100205
PGR	PROGRESSIVE CORP	2,238	$510K	0.2%	$170.60	+21.2%	—	743315103

Decreased Positions (11)

MSFT MICROSOFT CORP COM 3.0%

Value $8.068M (-58.5%) Shares 21,796 (-45.8%) Est. Cost $250.07 Unrealized +73.8%

AAPL APPLE INC COM 4.4%

Value $11.9M (-37.2%) Shares 46,888 (-32.8%) Est. Cost $133.93 Unrealized +96.2%

APH AMPHENOL CORP NEW CL A 5.7%

Value $15.31M (-28.8%) Shares 121,190 (-23.8%) Est. Cost $47.45 Unrealized +208.5%

ORCL ORACLE CORP COM 3.2%

Value $8.56M (-40.1%) Shares 58,187 (-20.6%) Est. Cost $69.12 Unrealized +145.4%

LLY ELI LILY & CO COM 2.9%

Value $7.813M (-42.0%) Shares 8,495 (-32.3%) Est. Cost $269.51 Unrealized +288.5%

AMZN AMAZON COM INC COM 3.2%

Value $8.604M (-20.6%) Shares 41,314 (-12.0%) Est. Cost $133.95 Unrealized +69.3%

JPM JPMORGAN CHASE & CO COM 3.0%

Value $8.032M (-17.5%) Shares 27,305 (-9.6%) Est. Cost $136.47 Unrealized +128.2%

MA MASTERCARD INCORPORATED CL A 3.2%

Value $8.55M (-13.6%) Shares 17,112 (-1.3%) Est. Cost $366.31 Unrealized +47.2%

MKC MCCORMICK & CO INC COM NON VTG 1.0%

Value $2.673M (-28.4%) Shares 53,000 (-3.3%) Est. Cost $77.36 Unrealized -13.8%

CTSH COGNIZANT TECHNOLOGY SOLUTIONS CL A 0.4%

Value $1.173M (-37.6%) Shares 19,119 (-15.6%) Est. Cost $72.24 Unrealized +6.3%

TTC TORO CO COM 1.8%

Value $4.949M (+13.3%) Shares 52,963 (-4.5%) Est. Cost $98.71 Unrealized -5.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP COM	21,796 (-45.8%)	$8.068M (-58.5%)	3.0%	$250.07	+73.8%	Common Stock	594918104
AAPL	APPLE INC COM	46,888 (-32.8%)	$11.9M (-37.2%)	4.4%	$133.93	+96.2%	Common Stock	037833100
APH	AMPHENOL CORP NEW CL A	121,190 (-23.8%)	$15.31M (-28.8%)	5.7%	$47.45	+208.5%	Common Stock	032095101
ORCL	ORACLE CORP COM	58,187 (-20.6%)	$8.56M (-40.1%)	3.2%	$69.12	+145.4%	Common Stock	68389X105
LLY	ELI LILY & CO COM	8,495 (-32.3%)	$7.813M (-42.0%)	2.9%	$269.51	+288.5%	Common Stock	532457108
AMZN	AMAZON COM INC COM	41,314 (-12.0%)	$8.604M (-20.6%)	3.2%	$133.95	+69.3%	Common Stock	023135106
JPM	JPMORGAN CHASE & CO COM	27,305 (-9.6%)	$8.032M (-17.5%)	3.0%	$136.47	+128.2%	Common Stock	46625H100
MA	MASTERCARD INCORPORATED CL A	17,112 (-1.3%)	$8.55M (-13.6%)	3.2%	$366.31	+47.2%	Common Stock	57636Q104
MKC	MCCORMICK & CO INC COM NON VTG	53,000 (-3.3%)	$2.673M (-28.4%)	1.0%	$77.36	-13.8%	Common Stock	579780206
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CL A	19,119 (-15.6%)	$1.173M (-37.6%)	0.4%	$72.24	+6.3%	Common Stock	192446102
TTC	TORO CO COM	52,963 (-4.5%)	$4.949M (+13.3%)	1.8%	$98.71	-5.7%	Common Stock	891092108

Unchanged Positions (41)

COP CONOCOPHILLIPS COM 3.0%

Value $8.097M Shares 61,338 Est. Cost $52.51 Unrealized +95.5%

LMT LOCKHEED MARTIN CORP COM 2.3%

Value $6.288M Shares 10,404 Est. Cost $317.73 Unrealized +89.1%

XOM EXXON MOBIL CORP COM 1.1%

Value $3.042M Shares 17,930 Est. Cost $57.89 Unrealized +139.7%

ACN ACCENTURE PLC IRELAND SHS CLASS A 0.9%

Value $2.47M Shares 12,456 Est. Cost $263.47 Unrealized -3.9%

ROL ROLLINS INC COM 2.6%

Value $6.986M Shares 130,795 Est. Cost $35.17 Unrealized +75.8%

AXP AMERICAN EXPRESS CO COM 1.1%

Value $3.015M Shares 9,968 Est. Cost $139.87 Unrealized +154.7%

WFC WELLS FARGO CO NEW COM 1.4%

Value $3.66M Shares 45,970 Est. Cost $34.35 Unrealized +162.1%

CBRE CBRE GROUP INC CL A 1.0%

Value $2.723M Shares 20,105 Est. Cost $78.66 Unrealized +105.2%

DHR DANAHER CORPORATION COM 0.8%

Value $2.281M Shares 12,033 Est. Cost $205.66 Unrealized +9.2%

WMT WALMART INC COM 1.7%

Value $4.517M Shares 36,342 Est. Cost $52.38 Unrealized +133.0%

ABT ABBOTT LABS COM 0.7%

Value $2.001M Shares 19,494 Est. Cost $109.02 Unrealized +5.9%

MS MORGAN STANLEY COM STK 2.0%

Value $5.4M Shares 32,814 Est. Cost $68.30 Unrealized +163.0%

JNJ JOHNSON & JOHNSON COM 1.0%

Value $2.692M Shares 11,014 Est. Cost $142.41 Unrealized +60.0%

AME AMETEK INC COM 3.3%

Value $8.86M Shares 41,332 Est. Cost $125.42 Unrealized +78.0%

PEP PEPSICO INC COM 1.6%

Value $4.238M Shares 27,289 Est. Cost $123.96 Unrealized +24.8%

AON AON PLC SHS CL A 1.2%

Value $3.217M Shares 9,967 Est. Cost $232.18 Unrealized +44.7%

SYK STRYKER CORPORATION COM 1.6%

Value $4.272M Shares 13,000 Est. Cost $227.77 Unrealized +60.1%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 2.1%

Value $5.71M Shares 11,916 Est. Cost $265.72 Unrealized +85.7%

ABBV ABBVIE INC COM 1.9%

Value $5.063M Shares 23,281 Est. Cost $100.15 Unrealized +122.2%

SEIC SEI INVTS CO COM 2.0%

Value $5.391M Shares 68,700 Est. Cost $56.24 Unrealized +49.7%

COST COSTCO WHOLESALE CORP NEW COM 0.7%

Value $1.794M Shares 1,800 Est. Cost $970.56 Unrealized -0.7%

BDX BECTON DICKINSON & CO COM 0.4%

Value $968K Shares 6,155 Est. Cost $226.56 Unrealized -25.9%

NEU NEWMARKET CORP COM 1.1%

Value $3.082M Shares 4,808 Est. Cost $406.52 Unrealized +63.6%

UNH UNITEDHEALTH GROUP INC COM 0.4%

Value $999K Shares 3,692 Est. Cost $347.85 Unrealized -11.3%

NKE NIKE INC CL B 0.4%

Value $1.024M Shares 19,380 Est. Cost $122.88 Unrealized -47.9%

AMGN AMGEN INC COM 1.1%

Value $2.956M Shares 8,400 Est. Cost $204.69 Unrealized +70.8%

GGG GRACO INC COM 2.3%

Value $6.154M Shares 72,699 Est. Cost $70.12 Unrealized +27.2%

EXPD EXPEDITORS INTL WASH INC COM 1.8%

Value $4.765M Shares 33,271 Est. Cost $95.97 Unrealized +63.4%

GPN GLOBAL PMTS INC COM 0.5%

Value $1.226M Shares 18,219 Est. Cost $180.93 Unrealized -58.6%

MRSH MARSH & MCLENNAN COS INC COM 0.9%

Value $2.439M Shares 14,064 Est. Cost $122.28 Unrealized +48.3%

TROW T ROWE PRICE GROUP INC COM 0.3%

Value $877K Shares 9,731 Est. Cost $125.60 Unrealized -19.4%

TJX TJX COS INC NEW COM 1.1%

Value $3.052M Shares 19,109 Est. Cost $67.03 Unrealized +130.1%

PII POLARIS INC COM 0.2%

Value $585K Shares 10,731 Est. Cost $115.70 Unrealized -41.6%

SLGN SILGAN HOLDINGS INC COM 0.8%

Value $2.263M Shares 58,335 Est. Cost $39.76 Unrealized +13.3%

ORLY O REILLY AUTOMOTIVE INC COM 2.2%

Value $5.91M Shares 64,020 Est. Cost $87.72 Unrealized +8.3%

IBM INTERNATIONAL BUSINESS MACHS CORP COM 0.1%

Value $259K Shares 1,070 Est. Cost $172.56 Unrealized +64.5%

PKG PACKAGING CORP AMER COM 0.7%

Value $1.925M Shares 9,071 Est. Cost $125.33 Unrealized +80.6%

CNI CANADIAN NATL RY CO COM 0.4%

Value $1.041M Shares 10,126 Est. Cost $104.48 Unrealized -2.3%

VLTO VERALTO CORP COM 0.1%

Value $297K Shares 3,358 Est. Cost $73.75 Unrealized +32.2%

KMB KIMBERLY-CLARK CORP COM 0.3%

Value $801K Shares 8,303 Est. Cost $111.42 Unrealized -7.5%

SHW SHERWIN-WILLIAMS CO COM 0.1%

Value $311K Shares 971 Est. Cost $313.46 Unrealized +13.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COP	CONOCOPHILLIPS COM	61,338	$8.097M	3.0%	$52.51	+95.5%	Common Stock	20825C104
LMT	LOCKHEED MARTIN CORP COM	10,404	$6.288M	2.3%	$317.73	+89.1%	Common Stock	539830109
XOM	EXXON MOBIL CORP COM	17,930	$3.042M	1.1%	$57.89	+139.7%	Common Stock	30231G102
ACN	ACCENTURE PLC IRELAND SHS CLASS A	12,456	$2.47M	0.9%	$263.47	-3.9%	Common Stock	G1151C101
ROL	ROLLINS INC COM	130,795	$6.986M	2.6%	$35.17	+75.8%	Common Stock	775711104
AXP	AMERICAN EXPRESS CO COM	9,968	$3.015M	1.1%	$139.87	+154.7%	Common Stock	025816109
WFC	WELLS FARGO CO NEW COM	45,970	$3.66M	1.4%	$34.35	+162.1%	Common Stock	949746101
CBRE	CBRE GROUP INC CL A	20,105	$2.723M	1.0%	$78.66	+105.2%	Common Stock	12504L109
DHR	DANAHER CORPORATION COM	12,033	$2.281M	0.8%	$205.66	+9.2%	Common Stock	235851102
WMT	WALMART INC COM	36,342	$4.517M	1.7%	$52.38	+133.0%	Common Stock	931142103
ABT	ABBOTT LABS COM	19,494	$2.001M	0.7%	$109.02	+5.9%	Common Stock	002824100
MS	MORGAN STANLEY COM STK	32,814	$5.4M	2.0%	$68.30	+163.0%	Common Stock	617446448
JNJ	JOHNSON & JOHNSON COM	11,014	$2.692M	1.0%	$142.41	+60.0%	Common Stock	478160104
AME	AMETEK INC COM	41,332	$8.86M	3.3%	$125.42	+78.0%	Common Stock	031100100
PEP	PEPSICO INC COM	27,289	$4.238M	1.6%	$123.96	+24.8%	Common Stock	713448108
AON	AON PLC SHS CL A	9,967	$3.217M	1.2%	$232.18	+44.7%	Common Stock	G0403H108
SYK	STRYKER CORPORATION COM	13,000	$4.272M	1.6%	$227.77	+60.1%	Common Stock	863667101
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	11,916	$5.71M	2.1%	$265.72	+85.7%	Common Stock	084670702
ABBV	ABBVIE INC COM	23,281	$5.063M	1.9%	$100.15	+122.2%	Common Stock	00287Y109
SEIC	SEI INVTS CO COM	68,700	$5.391M	2.0%	$56.24	+49.7%	Common Stock	784117103
COST	COSTCO WHOLESALE CORP NEW COM	1,800	$1.794M	0.7%	$970.56	-0.7%	Common Stock	22160K105
BDX	BECTON DICKINSON & CO COM	6,155	$968K	0.4%	$226.56	-25.9%	Common Stock	075887109
NEU	NEWMARKET CORP COM	4,808	$3.082M	1.1%	$406.52	+63.6%	Common Stock	651587107
UNH	UNITEDHEALTH GROUP INC COM	3,692	$999K	0.4%	$347.85	-11.3%	Common Stock	91324P102
NKE	NIKE INC CL B	19,380	$1.024M	0.4%	$122.88	-47.9%	Common Stock	654106103
AMGN	AMGEN INC COM	8,400	$2.956M	1.1%	$204.69	+70.8%	Common Stock	031162100
GGG	GRACO INC COM	72,699	$6.154M	2.3%	$70.12	+27.2%	Common Stock	384109104
EXPD	EXPEDITORS INTL WASH INC COM	33,271	$4.765M	1.8%	$95.97	+63.4%	Common Stock	302130109
GPN	GLOBAL PMTS INC COM	18,219	$1.226M	0.5%	$180.93	-58.6%	Common Stock	37940X102
MRSH	MARSH & MCLENNAN COS INC COM	14,064	$2.439M	0.9%	$122.28	+48.3%	Common Stock	571748102
TROW	T ROWE PRICE GROUP INC COM	9,731	$877K	0.3%	$125.60	-19.4%	Common Stock	74144T108
TJX	TJX COS INC NEW COM	19,109	$3.052M	1.1%	$67.03	+130.1%	Common Stock	872540109
PII	POLARIS INC COM	10,731	$585K	0.2%	$115.70	-41.6%	Common Stock	731068102
SLGN	SILGAN HOLDINGS INC COM	58,335	$2.263M	0.8%	$39.76	+13.3%	Common Stock	827048109
ORLY	O REILLY AUTOMOTIVE INC COM	64,020	$5.91M	2.2%	$87.72	+8.3%	Common Stock	67103H107
IBM	INTERNATIONAL BUSINESS MACHS CORP COM	1,070	$259K	0.1%	$172.56	+64.5%	Common Stock	459200101
PKG	PACKAGING CORP AMER COM	9,071	$1.925M	0.7%	$125.33	+80.6%	Common Stock	695156109
CNI	CANADIAN NATL RY CO COM	10,126	$1.041M	0.4%	$104.48	-2.3%	Common Stock	136375102
VLTO	VERALTO CORP COM	3,358	$297K	0.1%	$73.75	+32.2%	Common Stock	92338C103
KMB	KIMBERLY-CLARK CORP COM	8,303	$801K	0.3%	$111.42	-7.5%	Common Stock	494368103
SHW	SHERWIN-WILLIAMS CO COM	971	$311K	0.1%	$313.46	+13.4%	Common Stock	824348106