Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZS	Zscaler Inc	7,500 (+66.7%)	$1.059M (+67.7%)	0.4%	$172.45	—	COM	98980G102
CGNT	Cognyte Software Ltd	55,000 (+22.2%)	$483K (+32.5%)	0.2%	$14.64	—	COM	M25133105
ZTS	Zoetis Inc	4,000 (+100.0%)	$287K (+21.6%)	0.1%	$98.59	—	COM	98978V103

Decreased Positions (1)

ECG Everus Construction Group 0.2%

Value $456K (+3.1%) Shares 2,750 (-26.7%) Est. Cost $62.93 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ECG	Everus Construction Group	2,750 (-26.7%)	$456K (+3.1%)	0.2%	$62.93	—	COM	300426103

Unchanged Positions (74)

URI United Rentals Inc 3.7%

Value $9.063M Shares 8,000 Est. Cost $104.89 Unrealized —

SNPS Synopsys Inc 9.4%

Value $23.05M Shares 51,679 Est. Cost $75.90 Unrealized —

— Coherent Inc 2.2%

Value $5.325M Shares 13,500 Est. Cost $102.33 Unrealized —

WTW Willis Towers Watson PLC 7.4%

Value $18.1M Shares 69,234 Est. Cost $112.48 Unrealized —

UHS Universal Health Services Inc 3.9%

Value $9.674M Shares 65,059 Est. Cost $70.67 Unrealized —

ZBRA Zebra Technologies Corp 3.7%

Value $9.039M Shares 34,335 Est. Cost $83.52 Unrealized —

GOOG Alphabet Inc 3.5%

Value $8.48M Shares 24,000 Est. Cost $93.19 Unrealized —

LITE Lumentum Holdings Inc 3.3%

Value $8.152M Shares 9,500 Est. Cost $82.18 Unrealized —

ROK Rockwell Automation Inc 1.8%

Value $4.456M Shares 9,000 Est. Cost $181.64 Unrealized —

CVSA Covista Inc 6.4%

Value $15.68M Shares 125,759 Est. Cost $107.48 Unrealized —

EEM iShares MSCI Emerging Markets 2.8%

Value $6.841M Shares 100,000 Est. Cost $34.13 Unrealized —

ROG Rogers Corp 1.4%

Value $3.349M Shares 20,456 Est. Cost $45.60 Unrealized —

RHP Ryman Hospitality Properties I 1.3%

Value $3.214M Shares 25,000 Est. Cost $38.82 Unrealized —

PTC PTC Inc 1.4%

Value $3.533M Shares 31,100 Est. Cost $24.01 Unrealized —

CARR Carrier Global Corp 1.6%

Value $3.844M Shares 52,400 Est. Cost $14.49 Unrealized —

MTG MGIC Investment Corp 5.1%

Value $12.38M Shares 439,013 Est. Cost $10.42 Unrealized —

TXN Texas Instruments Inc 0.7%

Value $1.796M Shares 6,026 Est. Cost $50.18 Unrealized —

RDN Radian Group Inc 2.0%

Value $4.911M Shares 130,371 Est. Cost $11.23 Unrealized —

EOG EOG Resources Inc 2.1%

Value $5.045M Shares 38,889 Est. Cost $67.50 Unrealized —

CVS CVS Health Corp 0.8%

Value $1.839M Shares 17,772 Est. Cost $53.98 Unrealized —

CHTR Charter Communications Inc 0.4%

Value $1.075M Shares 7,559 Est. Cost $304.99 Unrealized —

VRT Vertiv Holdings Co. 0.8%

Value $2.009M Shares 6,000 Est. Cost $106.29 Unrealized —

TSBK Timberland Bancorp Inc/WA 1.5%

Value $3.626M Shares 80,909 Est. Cost $6.31 Unrealized —

CACI CACI International Inc 0.9%

Value $2.316M Shares 5,000 Est. Cost $115.48 Unrealized —

IBM International Business Machine 1.1%

Value $2.812M Shares 10,000 Est. Cost $98.28 Unrealized —

CHKP Check Point Software Technolog 1.7%

Value $4.245M Shares 32,300 Est. Cost $99.88 Unrealized —

DRI Darden Restaurants Inc 2.9%

Value $7.21M Shares 35,000 Est. Cost $53.91 Unrealized —

EXP Eagle Materials Inc 0.7%

Value $1.8M Shares 8,000 Est. Cost $77.40 Unrealized —

T AT&T Inc 0.3%

Value $661K Shares 31,919 Est. Cost $14.53 Unrealized —

UNP Union Pacific Corp 1.0%

Value $2.394M Shares 8,800 Est. Cost $168.25 Unrealized —

IPGP IPG Photonics Corp 3.7%

Value $9.092M Shares 77,500 Est. Cost $94.48 Unrealized —

— Linde PLC 1.9%

Value $4.67M Shares 9,000 Est. Cost $156.08 Unrealized —

CRWD CrowdStrike Holdings, Inc. - A 0.1%

Value $191K Shares 1,000 Est. Cost $284.07 Unrealized —

WAT Waters Corp 0.4%

Value $877K Shares 2,338 Est. Cost $367.10 Unrealized —

NSC Norfolk Southern Corp 0.8%

Value $1.888M Shares 6,000 Est. Cost $163.63 Unrealized —

OXY Occidental Petroleum Corp 0.2%

Value $395K Shares 8,135 Est. Cost $42.40 Unrealized —

GILD Gilead Sciences Inc 0.5%

Value $1.263M Shares 10,000 Est. Cost $55.93 Unrealized —

VRTX Vertex Pharmaceuticals Inc 0.5%

Value $1.242M Shares 2,500 Est. Cost $463.53 Unrealized —

APH Amphenol Corp -CL A 0.2%

Value $441K Shares 2,500 Est. Cost $81.39 Unrealized —

SPGI S&P Global Inc 0.5%

Value $1.156M Shares 3,000 Est. Cost $485.25 Unrealized —

AMZN Amazon.com Inc 0.4%

Value $887K Shares 3,720 Est. Cost $98.00 Unrealized —

AKAM Akamai Technologies, Inc. 1.3%

Value $3.274M Shares 27,700 Est. Cost $102.37 Unrealized —

AVGO Broadcom Inc 0.2%

Value $496K Shares 1,312 Est. Cost $121.22 Unrealized —

RSG Republic Services Inc 1.3%

Value $3.196M Shares 15,000 Est. Cost $45.05 Unrealized —

VRSK Verisk Analytics Inc 0.6%

Value $1.526M Shares 8,500 Est. Cost $203.75 Unrealized —

FMC FMC Corp 0.1%

Value $173K Shares 15,000 Est. Cost $41.02 Unrealized —

NEM Newmont Mining Corp 0.2%

Value $514K Shares 5,505 Est. Cost $26.88 Unrealized —

TDC Teradata Corp 0.1%

Value $260K Shares 7,500 Est. Cost $28.21 Unrealized —

ROST Ross Stores Inc 1.5%

Value $3.618M Shares 17,000 Est. Cost $59.76 Unrealized —

AZN AstraZeneca PLC 0.6%

Value $1.422M Shares 7,500 Est. Cost $36.46 Unrealized —

WBD Warner Bros. Discovery, Inc. 0.8%

Value $1.861M Shares 69,822 Est. Cost $17.61 Unrealized —

S SentinelOne Inc 0.1%

Value $212K Shares 12,500 Est. Cost $20.52 Unrealized —

ABT Abbott Laboratories 0.1%

Value $363K Shares 4,000 Est. Cost $33.65 Unrealized —

BIO Bio-Rad Laboratories Inc 0.4%

Value $881K Shares 3,000 Est. Cost $348.61 Unrealized —

ADM Archer-Daniels-Midland Co 0.2%

Value $573K Shares 7,500 Est. Cost $54.82 Unrealized —

— Canadian Pacific Railway Ltd 0.1%

Value $250K Shares 2,884 Est. Cost $71.78 Unrealized —

ORCL Oracle Corp 2.3%

Value $5.569M Shares 38,000 Est. Cost $64.73 Unrealized —

FCPT Four Corners Property Trust In 0.2%

Value $491K Shares 19,998 Est. Cost $20.50 Unrealized —

HAL Halliburton Co 0.0%

Value $117K Shares 3,444 Est. Cost $41.70 Unrealized —

MDU MDU Resources Group Inc 0.3%

Value $742K Shares 35,000 Est. Cost $15.05 Unrealized —

VOD Vodafone Group PLC 0.0%

Value $119K Shares 8,989 Est. Cost $24.41 Unrealized —

BDX Becton Dickinson And Co 0.2%

Value $378K Shares 2,500 Est. Cost $167.83 Unrealized —

UBER Uber Technologies Inc 1.8%

Value $4.516M Shares 62,577 Est. Cost $44.81 Unrealized —

RTX Raytheon Technologies Corp 0.3%

Value $783K Shares 4,127 Est. Cost $87.65 Unrealized —

GHC Graham Holdings Co 0.1%

Value $171K Shares 150 Est. Cost $444.66 Unrealized —

OMC Omnicom Group 0.1%

Value $351K Shares 4,816 Est. Cost $75.76 Unrealized —

ELAN Elanco Animal Health Inc 0.1%

Value $246K Shares 10,000 Est. Cost $11.69 Unrealized —

VZ Verizon Communications Inc 0.0%

Value $36,497 Shares 862 Est. Cost $30.99 Unrealized —

APD Air Products & Chemicals Inc 0.3%

Value $733K Shares 2,500 Est. Cost $180.73 Unrealized —

CABO Cable One Inc 0.0%

Value $7,967 Shares 150 Est. Cost $533.40 Unrealized —

EA Electronic Arts Inc. 0.3%

Value $820K Shares 4,000 Est. Cost $134.47 Unrealized —

J Jacobs Solutions Inc 0.2%

Value $378K Shares 3,000 Est. Cost $146.41 Unrealized —

THC Tenet Healthcare Corp 0.1%

Value $187K Shares 1,000 Est. Cost $17.94 Unrealized —

— Lee Enterprises Inc 0.0%

Value $4,838 Shares 540 Est. Cost $3.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
URI	United Rentals Inc	8,000	$9.063M	3.7%	$104.89	—	COM	911363109
SNPS	Synopsys Inc	51,679	$23.05M	9.4%	$75.90	—	COM	871607107
—	Coherent Inc	13,500	$5.325M	2.2%	$102.33	—	COM	192479103
WTW	Willis Towers Watson PLC	69,234	$18.1M	7.4%	$112.48	—	COM	G96629103
UHS	Universal Health Services Inc	65,059	$9.674M	3.9%	$70.67	—	COM	913903100
ZBRA	Zebra Technologies Corp	34,335	$9.039M	3.7%	$83.52	—	COM	989207105
GOOG	Alphabet Inc	24,000	$8.48M	3.5%	$93.19	—	COM	02079K107
LITE	Lumentum Holdings Inc	9,500	$8.152M	3.3%	$82.18	—	COM	55024U109
ROK	Rockwell Automation Inc	9,000	$4.456M	1.8%	$181.64	—	COM	773903109
CVSA	Covista Inc	125,759	$15.68M	6.4%	$107.48	—	COM	00737L103
EEM	iShares MSCI Emerging Markets	100,000	$6.841M	2.8%	$34.13	—	COM	464287234
ROG	Rogers Corp	20,456	$3.349M	1.4%	$45.60	—	COM	775133101
RHP	Ryman Hospitality Properties I	25,000	$3.214M	1.3%	$38.82	—	COM	78377T107
PTC	PTC Inc	31,100	$3.533M	1.4%	$24.01	—	COM	69370C100
CARR	Carrier Global Corp	52,400	$3.844M	1.6%	$14.49	—	COM	14448C104
MTG	MGIC Investment Corp	439,013	$12.38M	5.1%	$10.42	—	COM	552848103
TXN	Texas Instruments Inc	6,026	$1.796M	0.7%	$50.18	—	COM	882508104
RDN	Radian Group Inc	130,371	$4.911M	2.0%	$11.23	—	COM	750236101
EOG	EOG Resources Inc	38,889	$5.045M	2.1%	$67.50	—	COM	26875P101
CVS	CVS Health Corp	17,772	$1.839M	0.8%	$53.98	—	COM	126650100
CHTR	Charter Communications Inc	7,559	$1.075M	0.4%	$304.99	—	COM	16119P108
VRT	Vertiv Holdings Co.	6,000	$2.009M	0.8%	$106.29	—	COM	92537N108
TSBK	Timberland Bancorp Inc/WA	80,909	$3.626M	1.5%	$6.31	—	COM	887098101
CACI	CACI International Inc	5,000	$2.316M	0.9%	$115.48	—	COM	127190304
IBM	International Business Machine	10,000	$2.812M	1.1%	$98.28	—	COM	459200101
CHKP	Check Point Software Technolog	32,300	$4.245M	1.7%	$99.88	—	COM	M22465104
DRI	Darden Restaurants Inc	35,000	$7.21M	2.9%	$53.91	—	COM	237194105
EXP	Eagle Materials Inc	8,000	$1.8M	0.7%	$77.40	—	COM	26969P108
T	AT&T Inc	31,919	$661K	0.3%	$14.53	—	COM	00206R102
UNP	Union Pacific Corp	8,800	$2.394M	1.0%	$168.25	—	COM	907818108
IPGP	IPG Photonics Corp	77,500	$9.092M	3.7%	$94.48	—	COM	44980X109
—	Linde PLC	9,000	$4.67M	1.9%	$156.08	—	COM	G5494J103
CRWD	CrowdStrike Holdings, Inc. - A	1,000	$191K	0.1%	$284.07	—	COM	22788C105
WAT	Waters Corp	2,338	$877K	0.4%	$367.10	—	COM	941848103
NSC	Norfolk Southern Corp	6,000	$1.888M	0.8%	$163.63	—	COM	655844108
OXY	Occidental Petroleum Corp	8,135	$395K	0.2%	$42.40	—	COM	674599105
GILD	Gilead Sciences Inc	10,000	$1.263M	0.5%	$55.93	—	COM	375558103
VRTX	Vertex Pharmaceuticals Inc	2,500	$1.242M	0.5%	$463.53	—	COM	92532F100
APH	Amphenol Corp -CL A	2,500	$441K	0.2%	$81.39	—	COM	032095101
SPGI	S&P Global Inc	3,000	$1.156M	0.5%	$485.25	—	COM	78409V104
AMZN	Amazon.com Inc	3,720	$887K	0.4%	$98.00	—	COM	023135106
AKAM	Akamai Technologies, Inc.	27,700	$3.274M	1.3%	$102.37	—	COM	00971T101
AVGO	Broadcom Inc	1,312	$496K	0.2%	$121.22	—	COM	11135F101
RSG	Republic Services Inc	15,000	$3.196M	1.3%	$45.05	—	COM	760759100
VRSK	Verisk Analytics Inc	8,500	$1.526M	0.6%	$203.75	—	COM	92345Y106
FMC	FMC Corp	15,000	$173K	0.1%	$41.02	—	COM	302491303
NEM	Newmont Mining Corp	5,505	$514K	0.2%	$26.88	—	COM	651639106
TDC	Teradata Corp	7,500	$260K	0.1%	$28.21	—	COM	88076W103
ROST	Ross Stores Inc	17,000	$3.618M	1.5%	$59.76	—	COM	778296103
AZN	AstraZeneca PLC	7,500	$1.422M	0.6%	$36.46	—	COM	046353108
WBD	Warner Bros. Discovery, Inc.	69,822	$1.861M	0.8%	$17.61	—	COM	934423104
S	SentinelOne Inc	12,500	$212K	0.1%	$20.52	—	COM	81730H109
ABT	Abbott Laboratories	4,000	$363K	0.1%	$33.65	—	COM	002824100
BIO	Bio-Rad Laboratories Inc	3,000	$881K	0.4%	$348.61	—	COM	090572207
ADM	Archer-Daniels-Midland Co	7,500	$573K	0.2%	$54.82	—	COM	039483102
—	Canadian Pacific Railway Ltd	2,884	$250K	0.1%	$71.78	—	COM	13645T100
ORCL	Oracle Corp	38,000	$5.569M	2.3%	$64.73	—	COM	68389X105
FCPT	Four Corners Property Trust In	19,998	$491K	0.2%	$20.50	—	COM	35086T109
HAL	Halliburton Co	3,444	$117K	0.0%	$41.70	—	COM	406216101
MDU	MDU Resources Group Inc	35,000	$742K	0.3%	$15.05	—	COM	552690109
VOD	Vodafone Group PLC	8,989	$119K	0.0%	$24.41	—	COM	92857W308
BDX	Becton Dickinson And Co	2,500	$378K	0.2%	$167.83	—	COM	075887109
UBER	Uber Technologies Inc	62,577	$4.516M	1.8%	$44.81	—	COM	90353T100
RTX	Raytheon Technologies Corp	4,127	$783K	0.3%	$87.65	—	COM	75513E101
GHC	Graham Holdings Co	150	$171K	0.1%	$444.66	—	COM	384637104
OMC	Omnicom Group	4,816	$351K	0.1%	$75.76	—	COM	681919106
ELAN	Elanco Animal Health Inc	10,000	$246K	0.1%	$11.69	—	COM	28414H103
VZ	Verizon Communications Inc	862	$36,497	0.0%	$30.99	—	COM	92343V104
APD	Air Products & Chemicals Inc	2,500	$733K	0.3%	$180.73	—	COM	009158106
CABO	Cable One Inc	150	$7,967	0.0%	$533.40	—	COM	12685J105
EA	Electronic Arts Inc.	4,000	$820K	0.3%	$134.47	—	COM	285512109
J	Jacobs Solutions Inc	3,000	$378K	0.2%	$146.41	—	COM	46982L108
THC	Tenet Healthcare Corp	1,000	$187K	0.1%	$17.94	—	COM	88033G407
—	Lee Enterprises Inc	540	$4,838	0.0%	$3.33	—	COM	523768109