First Washington CORP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JCPB	J P MORGAN EXCHANGE TRADED F	1,545,169 (+88.6%)	$72,747 (+87.5%)	20.6%	$47.33	—	CORE PLUS BD ETF	46641Q670
CME	CME GROUP INC	27,016 (+47.6%)	$7,979 (+59.6%)	2.3%	$180.35	+60.4%	COM	12572Q105
ICE	INTERCONTINENTAL EXCHANGE IN	45,404 (+53.0%)	$7,141 (+48.5%)	2.0%	$103.55	+59.3%	COM	45866F104
CBOE	CBOE GLOBAL MKTS INC	22,965 (+33.0%)	$6,455 (+49.0%)	1.8%	$163.05	+66.8%	COM	12503M108
BABA	ALIBABA GROUP HLDG LTD	68,013 (+48.2%)	$8,533 (+26.8%)	2.4%	$139.19	—	SPONSORED ADS	01609W102
NDAQ	NASDAQ INC	67,074 (+64.9%)	$5,694 (+44.1%)	1.6%	$67.44	+36.0%	COM	631103108

Exited Positions (9)

MDT MEDTRONIC PLC 2.2%

Value ($000) $7,924 Shares 82,487 Est. Cost $78.05 Unrealized +27.5%

GEHC GE HEALTHCARE TECHNOLOGIES I 1.9%

Value ($000) $6,547 Shares 79,827 Est. Cost $76.05 Unrealized +8.1%

FISV FISERV INC 1.5%

Value ($000) $5,191 Shares 77,287 Est. Cost $83.87 Unrealized -23.7%

DAR DARLING INGREDIENTS INC 1.2%

Value ($000) $4,202 Shares 116,733 Est. Cost $54.75 Unrealized -17.4%

EQT EQT CORP 0.9%

Value ($000) $3,168 Shares 59,106 Est. Cost $30.84 Unrealized +79.2%

DVN DEVON ENERGY CORP NEW 0.3%

Value ($000) $931 Shares 25,409 Est. Cost $50.30 Unrealized -20.0%

SGOV ISHARES TR 0.2%

Value ($000) $761 Shares 7,577 Est. Cost $100.70 Unrealized —

Z ZILLOW GROUP INC 0.1%

Value ($000) $307 Shares 4,500 Est. Cost $42.49 Unrealized +38.3%

EWBC EAST WEST BANCORP INC 0.1%

Value ($000) $204 Shares 1,816 Est. Cost $105.17 Unrealized +10.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDT	MEDTRONIC PLC	82,487	$7,924	2.2%	$78.05	+27.5%	—	G5960L103
GEHC	GE HEALTHCARE TECHNOLOGIES I	79,827	$6,547	1.9%	$76.05	+8.1%	—	36266G107
FISV	FISERV INC	77,287	$5,191	1.5%	$83.87	-23.7%	—	337738108
DAR	DARLING INGREDIENTS INC	116,733	$4,202	1.2%	$54.75	-17.4%	—	237266101
EQT	EQT CORP	59,106	$3,168	0.9%	$30.84	+79.2%	—	26884L109
DVN	DEVON ENERGY CORP NEW	25,409	$931	0.3%	$50.30	-20.0%	—	25179M103
SGOV	ISHARES TR	7,577	$761	0.2%	$100.70	—	—	46436E718
Z	ZILLOW GROUP INC	4,500	$307	0.1%	$42.49	+38.3%	—	98954M200
EWBC	EAST WEST BANCORP INC	1,816	$204	0.1%	$105.17	+10.5%	—	27579R104

Decreased Positions (6)

AGG ISHARES TR 1.1%

Value ($000) $4,064 (-86.3%) Shares 40,935 (-86.3%) Est. Cost $97.26 Unrealized —

PCAR PACCAR INC 9.4%

Value ($000) $33,338 (-22.0%) Shares 288,639 (-26.1%) Est. Cost $66.83 Unrealized +84.0%

MSFT MICROSOFT CORP 1.7%

Value ($000) $6,055 (-38.5%) Shares 16,357 (-19.7%) Est. Cost $57.40 Unrealized +657.1%

LASR NLIGHT INC 3.5%

Value ($000) $12,376 (-15.1%) Shares 217,051 (-44.2%) Est. Cost $14.58 Unrealized +227.2%

IGSB ISHARES TR 0.2%

Value ($000) $874 (-47.4%) Shares 16,620 (-47.1%) Est. Cost $103.94 Unrealized —

GEV GE VERNOVA INC 2.6%

Value ($000) $9,036 (+1.4%) Shares 10,352 (-24.1%) Est. Cost $158.10 Unrealized +366.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	40,935 (-86.3%)	$4,064 (-86.3%)	1.1%	$97.26	—	CORE US AGGBD ET	464287226
PCAR	PACCAR INC	288,639 (-26.1%)	$33,338 (-22.0%)	9.4%	$66.83	+84.0%	COM	693718108
MSFT	MICROSOFT CORP	16,357 (-19.7%)	$6,055 (-38.5%)	1.7%	$57.40	+657.1%	COM	594918104
LASR	NLIGHT INC	217,051 (-44.2%)	$12,376 (-15.1%)	3.5%	$14.58	+227.2%	COM	65487K100
IGSB	ISHARES TR	16,620 (-47.1%)	$874 (-47.4%)	0.2%	$103.94	—	ISHS 1-5YR INVS	464288646
GEV	GE VERNOVA INC	10,352 (-24.1%)	$9,036 (+1.4%)	2.6%	$158.10	+366.1%	COM	36828A101

Unchanged Positions (37)

MTZ MASTEC INC 3.8%

Value ($000) $13,423 Shares 41,721 Est. Cost $51.12 Unrealized +389.5%

BRZE BRAZE INC 1.5%

Value ($000) $5,230 Shares 221,513 Est. Cost $29.63 Unrealized -23.7%

ALK ALASKA AIR GROUP INC 1.7%

Value ($000) $6,040 Shares 164,218 Est. Cost $45.76 Unrealized +14.7%

MU MICRON TECHNOLOGY INC 3.1%

Value ($000) $11,082 Shares 32,803 Est. Cost $121.31 Unrealized +219.1%

CLF CLEVELAND-CLIFFS INC NEW 0.8%

Value ($000) $2,918 Shares 345,374 Est. Cost $16.13 Unrealized -20.3%

LLY ELI LILLY & CO 2.2%

Value ($000) $7,912 Shares 8,602 Est. Cost $822.08 Unrealized +27.4%

ZS ZSCALER INC 0.5%

Value ($000) $1,924 Shares 13,716 Est. Cost $181.27 Unrealized +6.6%

CRWD CROWDSTRIKE HLDGS INC 1.6%

Value ($000) $5,688 Shares 14,570 Est. Cost $258.91 Unrealized +66.5%

VKTX VIKING THERAPEUTICS INC 3.5%

Value ($000) $12,540 Shares 385,366 Est. Cost $35.61 Unrealized -12.0%

LEN LENNAR CORP 1.6%

Value ($000) $5,521 Shares 63,581 Est. Cost $111.53 Unrealized +2.6%

BAC BANK AMERICA CORP 1.9%

Value ($000) $6,810 Shares 139,692 Est. Cost $32.78 Unrealized +63.7%

COST COSTCO WHOLESALE CORPORATION 1.8%

Value ($000) $6,315 Shares 6,338 Est. Cost $447.52 Unrealized +115.4%

MRVL MARVELL TECHNOLOGY INC 1.5%

Value ($000) $5,461 Shares 55,135 Est. Cost $69.98 Unrealized +15.9%

ETN EATON CORP PLC 1.8%

Value ($000) $6,269 Shares 17,527 Est. Cost $334.40 Unrealized +5.8%

AMZN AMAZON COM INC 1.7%

Value ($000) $6,080 Shares 29,193 Est. Cost $122.40 Unrealized +85.3%

UBER UBER TECHNOLOGIES INC 1.3%

Value ($000) $4,744 Shares 65,957 Est. Cost $27.99 Unrealized +181.2%

GDX VANECK ETF TRUST 2.7%

Value ($000) $9,389 Shares 102,306 Est. Cost $31.65 Unrealized —

AVGO BROADCOM INC 1.4%

Value ($000) $5,019 Shares 16,217 Est. Cost $158.01 Unrealized +111.5%

GNRC GENERAC HLDGS INC 0.4%

Value ($000) $1,573 Shares 8,051 Est. Cost $110.27 Unrealized +66.1%

SPY STATE STR SPDR S&P 500 ETF T 2.5%

Value ($000) $8,829 Shares 13,576 Est. Cost $320.89 Unrealized —

VCEL VERICEL CORP 1.0%

Value ($000) $3,531 Shares 109,759 Est. Cost $25.89 Unrealized +43.5%

ANET ARISTA NETWORKS INC 1.5%

Value ($000) $5,296 Shares 43,136 Est. Cost $101.35 Unrealized +33.3%

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $4,397 Shares 25,212 Est. Cost $126.71 Unrealized +47.3%

GVA GRANITE CONSTR INC 2.3%

Value ($000) $7,977 Shares 66,540 Est. Cost $36.40 Unrealized +245.0%

QCOM QUALCOMM INC 0.2%

Value ($000) $682 Shares 5,298 Est. Cost $124.50 Unrealized +23.6%

GOOGL ALPHABET INC 0.6%

Value ($000) $2,179 Shares 7,577 Est. Cost $108.00 Unrealized +199.3%

FIX COMFORT SYS USA INC 0.1%

Value ($000) $519 Shares 376 Est. Cost $434.87 Unrealized +175.0%

CP CANADIAN PACIFIC KANSAS CITY 0.7%

Value ($000) $2,601 Shares 33,067 Est. Cost $75.61 Unrealized +2.2%

MRK MERCK & CO INC 0.3%

Value ($000) $1,219 Shares 10,130 Est. Cost $61.32 Unrealized +86.4%

TRGP TARGA RES CORP 0.1%

Value ($000) $381 Shares 1,519 Est. Cost $136.82 Unrealized +47.4%

AAPL APPLE INC 0.4%

Value ($000) $1,347 Shares 5,309 Est. Cost $90.31 Unrealized +191.0%

AMD ADVANCED MICRO DEVICES INC 0.2%

Value ($000) $757 Shares 3,719 Est. Cost $66.01 Unrealized +235.9%

NVT NVENT ELEC PLC 0.1%

Value ($000) $288 Shares 2,434 Est. Cost $86.47 Unrealized +29.9%

GOLF ACUSHNET HLDGS CORP 0.1%

Value ($000) $247 Shares 2,644 Est. Cost $77.64 Unrealized +22.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $311 Shares 650 Est. Cost $296.98 Unrealized +66.2%

ALL ALLSTATE CORP 0.9%

Value ($000) $3,156 Shares 15,219 Est. Cost $172.85 Unrealized +17.4%

DY DYCOM INDS INC 3.2%

Value ($000) $11,307 Shares 33,371 Est. Cost $56.48 Unrealized +580.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MTZ	MASTEC INC	41,721	$13,423	3.8%	$51.12	+389.5%	COM	576323109
BRZE	BRAZE INC	221,513	$5,230	1.5%	$29.63	-23.7%	COM CL A	10576N102
ALK	ALASKA AIR GROUP INC	164,218	$6,040	1.7%	$45.76	+14.7%	COM	011659109
MU	MICRON TECHNOLOGY INC	32,803	$11,082	3.1%	$121.31	+219.1%	COM	595112103
CLF	CLEVELAND-CLIFFS INC NEW	345,374	$2,918	0.8%	$16.13	-20.3%	COM	185899101
LLY	ELI LILLY & CO	8,602	$7,912	2.2%	$822.08	+27.4%	COM	532457108
ZS	ZSCALER INC	13,716	$1,924	0.5%	$181.27	+6.6%	COM	98980G102
CRWD	CROWDSTRIKE HLDGS INC	14,570	$5,688	1.6%	$258.91	+66.5%	CL A	22788C105
VKTX	VIKING THERAPEUTICS INC	385,366	$12,540	3.5%	$35.61	-12.0%	COM	92686J106
LEN	LENNAR CORP	63,581	$5,521	1.6%	$111.53	+2.6%	CL A	526057104
BAC	BANK AMERICA CORP	139,692	$6,810	1.9%	$32.78	+63.7%	COM	060505104
COST	COSTCO WHOLESALE CORPORATION	6,338	$6,315	1.8%	$447.52	+115.4%	COM	22160K105
MRVL	MARVELL TECHNOLOGY INC	55,135	$5,461	1.5%	$69.98	+15.9%	COM	573874104
ETN	EATON CORP PLC	17,527	$6,269	1.8%	$334.40	+5.8%	SHS	G29183103
AMZN	AMAZON COM INC	29,193	$6,080	1.7%	$122.40	+85.3%	COM	023135106
UBER	UBER TECHNOLOGIES INC	65,957	$4,744	1.3%	$27.99	+181.2%	COM	90353T100
GDX	VANECK ETF TRUST	102,306	$9,389	2.7%	$31.65	—	GOLD MINERS ETF	92189F106
AVGO	BROADCOM INC	16,217	$5,019	1.4%	$158.01	+111.5%	COM	11135F101
GNRC	GENERAC HLDGS INC	8,051	$1,573	0.4%	$110.27	+66.1%	COM	368736104
SPY	STATE STR SPDR S&P 500 ETF T	13,576	$8,829	2.5%	$320.89	—	TR UNIT	78462F103
VCEL	VERICEL CORP	109,759	$3,531	1.0%	$25.89	+43.5%	COM	92346J108
ANET	ARISTA NETWORKS INC	43,136	$5,296	1.5%	$101.35	+33.3%	COM SHS	040413205
NVDA	NVIDIA CORPORATION	25,212	$4,397	1.2%	$126.71	+47.3%	COM	67066G104
GVA	GRANITE CONSTR INC	66,540	$7,977	2.3%	$36.40	+245.0%	COM	387328107
QCOM	QUALCOMM INC	5,298	$682	0.2%	$124.50	+23.6%	COM	747525103
GOOGL	ALPHABET INC	7,577	$2,179	0.6%	$108.00	+199.3%	CAP STK CL A	02079K305
FIX	COMFORT SYS USA INC	376	$519	0.1%	$434.87	+175.0%	COM	199908104
CP	CANADIAN PACIFIC KANSAS CITY	33,067	$2,601	0.7%	$75.61	+2.2%	COM	13646K108
MRK	MERCK & CO INC	10,130	$1,219	0.3%	$61.32	+86.4%	COM	58933Y105
TRGP	TARGA RES CORP	1,519	$381	0.1%	$136.82	+47.4%	COM	87612G101
AAPL	APPLE INC	5,309	$1,347	0.4%	$90.31	+191.0%	COM	037833100
AMD	ADVANCED MICRO DEVICES INC	3,719	$757	0.2%	$66.01	+235.9%	COM	007903107
NVT	NVENT ELEC PLC	2,434	$288	0.1%	$86.47	+29.9%	SHS	G6700G107
GOLF	ACUSHNET HLDGS CORP	2,644	$247	0.1%	$77.64	+22.6%	COM	005098108
BRK/B	BERKSHIRE HATHAWAY INC DEL	650	$311	0.1%	$296.98	+66.2%	CL B NEW	084670702
ALL	ALLSTATE CORP	15,219	$3,156	0.9%	$172.85	+17.4%	COM	020002101
DY	DYCOM INDS INC	33,371	$11,307	3.2%	$56.48	+580.7%	COM	267475101