Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MDT	Medtronic PLC	59,677	$4.669M	0.1%	$78.23	—	COM	G5960L103
HONA	Honeywell Aerospace Inc	20,310	$4.49M	0.1%	$221.08	—	COM	43849R105
FDXF	FedEx Freight Hldg Co	15,716	$2.373M	0.1%	$151.00	—	COM	314352105
CCL	Carnival Corp Ltd	26,513	$757K	0.0%	$28.57	—	COM	G2004J103
WAT	Waters Corp	595	$223K	0.0%	$375.04	—	COM	941848103
WAB	Wabtec Corp	783	$211K	0.0%	$269.60	—	COM	929740108

Increased Positions (2)

VUG Vanguard Growth ETF 0.2%

Value $7.749M (+18.9%) Shares 89,959 (+502.7%) Est. Cost $91.13 Unrealized —

BKNG Booking Holdings Inc 0.1%

Value $4.456M (+5.8%) Shares 25,000 (+2400.0%) Est. Cost $243.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VUG	Vanguard Growth ETF	89,959 (+502.7%)	$7.749M (+18.9%)	0.2%	$91.13	—	COM	922908736
BKNG	Booking Holdings Inc	25,000 (+2400.0%)	$4.456M (+5.8%)	0.1%	$243.80	—	COM	09857L108

Exited Positions (4)

— Medtronic PLC 0.2%

Value $5.242M Shares 60,497 Est. Cost $84.20 Unrealized —

AL Air Lease 0.0%

Value $1.309M Shares 20,160 Est. Cost $32.18 Unrealized —

SEE Sealed Air Corp 0.0%

Value $1.297M Shares 30,836 Est. Cost $18.75 Unrealized —

CCL Carnival Corp 0.0%

Value $686K Shares 26,513 Est. Cost $43.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Medtronic PLC	60,497	$5.242M	0.2%	$84.20	—	—	585055106
AL	Air Lease	20,160	$1.309M	0.0%	$32.18	—	—	00912X302
SEE	Sealed Air Corp	30,836	$1.297M	0.0%	$18.75	—	—	81211K100
CCL	Carnival Corp	26,513	$686K	0.0%	$43.51	—	—	143658300

Decreased Positions (23)

QQQ Invesco QQQ Trust 6.4%

Value $223M (+25.0%) Shares 302,684 (-2.0%) Est. Cost $201.10 Unrealized —

IWO iShares Russell 2000G 5.5%

Value $191M (+23.4%) Shares 484,414 (-1.7%) Est. Cost $111.51 Unrealized —

VBK Vanguard Small-Cap Growth ETF 6.7%

Value $234M (+17.3%) Shares 641,022 (-3.1%) Est. Cost $277.66 Unrealized —

AXP American Express 1.7%

Value $60.34M (+10.7%) Shares 178,387 (-1.0%) Est. Cost $81.87 Unrealized —

SHEL Shell PLC ADR 0.3%

Value $9.815M (-32.8%) Shares 126,578 (-19.4%) Est. Cost $54.93 Unrealized —

HON Honeywell Intl 0.1%

Value $4.547M (-50.5%) Shares 20,310 (-50.0%) Est. Cost $120.13 Unrealized —

CMCSA Comcast Corp Cl A 0.4%

Value $13.8M (-16.1%) Shares 562,151 (-1.9%) Est. Cost $29.56 Unrealized —

SIEGY Siemens AG ADR 0.1%

Value $4.538M (+30.2%) Shares 28,200 (-1.4%) Est. Cost $84.89 Unrealized —

SAP SAP AG ADR 0.1%

Value $4.32M (-16.4%) Shares 28,032 (-7.1%) Est. Cost $115.73 Unrealized —

CP Canadian Pacific Kansas City 0.3%

Value $9.249M (+9.0%) Shares 106,742 (-1.0%) Est. Cost $77.51 Unrealized —

EPI Wisdom Tree India 0.0%

Value $1.369M (-28.6%) Shares 32,000 (-31.9%) Est. Cost $16.19 Unrealized —

FCX Freeport-McMoRan 0.4%

Value $14.47M (+3.3%) Shares 230,060 (-3.4%) Est. Cost $24.45 Unrealized —

MMM 3M Co 0.1%

Value $5.089M (+10.1%) Shares 31,433 (-1.3%) Est. Cost $112.65 Unrealized —

ALL Allstate Corp 0.2%

Value $5.551M (+7.9%) Shares 23,329 (-6.0%) Est. Cost $37.12 Unrealized —

PTC PTC Inc 0.0%

Value $1.052M (-24.8%) Shares 9,258 (-5.7%) Est. Cost $24.35 Unrealized —

AMP Ameriprise Financial 0.5%

Value $17.02M (+1.7%) Shares 37,093 (-1.5%) Est. Cost $92.89 Unrealized —

— Crown Castle Inc 0.0%

Value $1.708M (-10.2%) Shares 22,551 (-3.6%) Est. Cost $130.18 Unrealized —

INGR Ingredion Inc 0.0%

Value $524K (-26.2%) Shares 5,529 (-12.3%) Est. Cost $70.28 Unrealized —

VSNT Versant Media Group 0.0%

Value $667K (-18.3%) Shares 18,519 (-16.0%) Est. Cost $32.14 Unrealized —

LH Labcorp Holdingings 0.2%

Value $6.51M (-1.3%) Shares 23,250 (-5.9%) Est. Cost $199.50 Unrealized —

CL Colgate-Palmolive 0.4%

Value $14.1M (-0.5%) Shares 153,799 (-7.5%) Est. Cost $53.78 Unrealized —

SOLS Solstice Advanced Materials Inc 0.0%

Value $811K (+4.9%) Shares 9,149 (-9.9%) Est. Cost $47.08 Unrealized —

DD DuPont de Nemours 0.0%

Value $650K (-1.3%) Shares 4,792 (-66.7%) Est. Cost $27.24 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	Invesco QQQ Trust	302,684 (-2.0%)	$223M (+25.0%)	6.4%	$201.10	—	COM	46090E103
IWO	iShares Russell 2000G	484,414 (-1.7%)	$191M (+23.4%)	5.5%	$111.51	—	COM	464287648
VBK	Vanguard Small-Cap Growth ETF	641,022 (-3.1%)	$234M (+17.3%)	6.7%	$277.66	—	COM	922908595
AXP	American Express	178,387 (-1.0%)	$60.34M (+10.7%)	1.7%	$81.87	—	COM	025816109
SHEL	Shell PLC ADR	126,578 (-19.4%)	$9.815M (-32.8%)	0.3%	$54.93	—	COM	780259305
HON	Honeywell Intl	20,310 (-50.0%)	$4.547M (-50.5%)	0.1%	$120.13	—	COM	438516106
CMCSA	Comcast Corp Cl A	562,151 (-1.9%)	$13.8M (-16.1%)	0.4%	$29.56	—	COM	20030N101
SIEGY	Siemens AG ADR	28,200 (-1.4%)	$4.538M (+30.2%)	0.1%	$84.89	—	COM	826197501
SAP	SAP AG ADR	28,032 (-7.1%)	$4.32M (-16.4%)	0.1%	$115.73	—	COM	803054204
CP	Canadian Pacific Kansas City	106,742 (-1.0%)	$9.249M (+9.0%)	0.3%	$77.51	—	COM	13646K108
EPI	Wisdom Tree India	32,000 (-31.9%)	$1.369M (-28.6%)	0.0%	$16.19	—	COM	97717W422
FCX	Freeport-McMoRan	230,060 (-3.4%)	$14.47M (+3.3%)	0.4%	$24.45	—	COM	35671D857
MMM	3M Co	31,433 (-1.3%)	$5.089M (+10.1%)	0.1%	$112.65	—	COM	88579Y101
ALL	Allstate Corp	23,329 (-6.0%)	$5.551M (+7.9%)	0.2%	$37.12	—	COM	020002101
PTC	PTC Inc	9,258 (-5.7%)	$1.052M (-24.8%)	0.0%	$24.35	—	COM	69370C100
AMP	Ameriprise Financial	37,093 (-1.5%)	$17.02M (+1.7%)	0.5%	$92.89	—	COM	03076C106
—	Crown Castle Inc	22,551 (-3.6%)	$1.708M (-10.2%)	0.0%	$130.18	—	COM	228227104
INGR	Ingredion Inc	5,529 (-12.3%)	$524K (-26.2%)	0.0%	$70.28	—	COM	457187102
VSNT	Versant Media Group	18,519 (-16.0%)	$667K (-18.3%)	0.0%	$32.14	—	COM	925283103
LH	Labcorp Holdingings	23,250 (-5.9%)	$6.51M (-1.3%)	0.2%	$199.50	—	COM	504922105
CL	Colgate-Palmolive	153,799 (-7.5%)	$14.1M (-0.5%)	0.4%	$53.78	—	COM	194162103
SOLS	Solstice Advanced Materials Inc	9,149 (-9.9%)	$811K (+4.9%)	0.0%	$47.08	—	COM	83443Q103
DD	DuPont de Nemours	4,792 (-66.7%)	$650K (-1.3%)	0.0%	$27.24	—	COM	26614N102

Unchanged Positions (176)

SPY Standard Poors DR 23.6%

Value $825M Shares 1,104,639 Est. Cost $468.83 Unrealized —

LLY Eli Lilly 4.4%

Value $155M Shares 129,013 Est. Cost $80.03 Unrealized —

GOOGL Alphabet Class A 2.6%

Value $90.54M Shares 253,350 Est. Cost $107.43 Unrealized —

AAPL Apple Inc 3.9%

Value $135M Shares 466,450 Est. Cost $100.00 Unrealized —

AMZN Amazoncom 3.5%

Value $124M Shares 519,824 Est. Cost $120.17 Unrealized —

GOOG Alphabet Class C 2.4%

Value $84.54M Shares 239,280 Est. Cost $107.32 Unrealized —

AVGO Broadcom Inc 1.9%

Value $67.07M Shares 177,555 Est. Cost $334.17 Unrealized —

NVDA Nvidia Corp 2.7%

Value $92.85M Shares 464,060 Est. Cost $92.67 Unrealized —

INTC Intel Corp 0.5%

Value $16.16M Shares 115,700 Est. Cost $31.51 Unrealized —

PANW Palo Alto Networks 0.5%

Value $18.21M Shares 53,400 Est. Cost $88.01 Unrealized —

PEP PepsiCo Inc 1.1%

Value $40.06M Shares 295,866 Est. Cost $88.80 Unrealized —

CVX Chevron Corp 0.7%

Value $23.15M Shares 139,642 Est. Cost $131.78 Unrealized —

CSCO Cisco Systems Inc 0.4%

Value $14.83M Shares 126,280 Est. Cost $27.01 Unrealized —

AMD Advanced Micro Dev 0.2%

Value $7.029M Shares 12,100 Est. Cost $102.22 Unrealized —

AMAT Applied Materials 0.2%

Value $6.941M Shares 9,600 Est. Cost $130.59 Unrealized —

UNP Union Pacific Corp 1.0%

Value $33.71M Shares 123,943 Est. Cost $131.30 Unrealized —

— Lam Research Corp 0.2%

Value $6.5M Shares 15,000 Est. Cost $121.94 Unrealized —

XOM Exxon Mobil Corp 0.4%

Value $13.59M Shares 99,400 Est. Cost $56.86 Unrealized —

GE GE Aerospace 0.3%

Value $12.18M Shares 32,589 Est. Cost $157.95 Unrealized —

GLW Corning Inc 0.2%

Value $5.665M Shares 22,180 Est. Cost $10.49 Unrealized —

UNH UnitedHealth Group 0.2%

Value $7.149M Shares 17,200 Est. Cost $235.66 Unrealized —

GL Globe Life Inc 0.3%

Value $11.27M Shares 63,089 Est. Cost $86.06 Unrealized —

GEV GE Vernova Inc 0.3%

Value $9.632M Shares 8,198 Est. Cost $158.10 Unrealized —

JPM JPMorgan Chase 0.7%

Value $23.8M Shares 72,700 Est. Cost $77.78 Unrealized —

BAC Bank of Amer Corp 0.5%

Value $15.83M Shares 277,812 Est. Cost $15.58 Unrealized —

TXN Texas Instruments 0.2%

Value $6.528M Shares 21,900 Est. Cost $41.25 Unrealized —

TSLA Tesla Inc 0.6%

Value $19.58M Shares 46,545 Est. Cost $261.08 Unrealized —

QCOM Qualcomm Inc 0.2%

Value $7.281M Shares 39,400 Est. Cost $44.32 Unrealized —

BRK/B Berkshire Hathaway B 1.5%

Value $52.68M Shares 105,274 Est. Cost $308.18 Unrealized —

V Visa Inc 0.4%

Value $12.35M Shares 36,000 Est. Cost $141.59 Unrealized —

FDX FedEx Corp 0.3%

Value $9.847M Shares 31,446 Est. Cost $144.78 Unrealized —

T ATT Inc 0.1%

Value $3.205M Shares 154,832 Est. Cost $13.73 Unrealized —

NFLX Netflix Inc 0.1%

Value $3.57M Shares 50,000 Est. Cost $100.35 Unrealized —

JNJ Johnson Johnson 0.9%

Value $32.51M Shares 127,994 Est. Cost $97.23 Unrealized —

IBM Intl Bus Machines 0.3%

Value $8.764M Shares 31,167 Est. Cost $118.94 Unrealized —

— Merck Co 0.5%

Value $15.96M Shares 124,194 Est. Cost $70.50 Unrealized —

NSC Norfolk Southern Corp 0.3%

Value $11.17M Shares 35,500 Est. Cost $150.80 Unrealized —

MS Morgan Stanley 0.1%

Value $4.557M Shares 21,800 Est. Cost $17.33 Unrealized —

MSFT Microsoft Corp 3.0%

Value $106M Shares 285,500 Est. Cost $175.73 Unrealized —

CRM Salesforce Inc 0.1%

Value $4.233M Shares 27,020 Est. Cost $153.02 Unrealized —

COP ConocoPhilips 0.1%

Value $2.963M Shares 28,500 Est. Cost $51.07 Unrealized —

CARR Carrier Global 0.1%

Value $3.35M Shares 45,668 Est. Cost $17.13 Unrealized —

VZ Verizon 0.1%

Value $3.838M Shares 90,641 Est. Cost $36.70 Unrealized —

ABBNY ABB Ltd ADR 0.1%

Value $2.717M Shares 25,000 Est. Cost $21.67 Unrealized —

META Meta Platforms Inc 1.3%

Value $44.77M Shares 79,481 Est. Cost $146.65 Unrealized —

VOT Vanguard Mid-Cap Growth ETF 0.1%

Value $4.264M Shares 13,922 Est. Cost $119.74 Unrealized —

YUMC Yum China Hldgs 0.1%

Value $3.588M Shares 87,799 Est. Cost $34.16 Unrealized —

PM Philip Morris Intl 0.2%

Value $7.902M Shares 43,679 Est. Cost $53.50 Unrealized —

PFE Pfizer Inc 0.1%

Value $4.07M Shares 169,014 Est. Cost $24.49 Unrealized —

YUM Yum! Brands Inc 0.7%

Value $23.16M Shares 144,870 Est. Cost $65.43 Unrealized —

ABBV Abbvie Inc 0.1%

Value $4.53M Shares 18,000 Est. Cost $55.01 Unrealized —

BSX Boston Scientific 0.0%

Value $1.302M Shares 30,500 Est. Cost $42.37 Unrealized —

GEN Gen Digital Inc 0.1%

Value $2.454M Shares 98,600 Est. Cost $12.38 Unrealized —

GS Goldman Sachs Group 0.1%

Value $3.641M Shares 3,600 Est. Cost $120.36 Unrealized —

ABT Abbott Labs 0.1%

Value $4.486M Shares 49,435 Est. Cost $66.29 Unrealized —

WMT Walmart Inc 0.2%

Value $5.776M Shares 51,000 Est. Cost $48.40 Unrealized —

HPE Hewlett Packard Enter 0.0%

Value $1.182M Shares 26,200 Est. Cost $6.50 Unrealized —

ITW Illinois Tool Works 0.4%

Value $14.77M Shares 54,601 Est. Cost $104.29 Unrealized —

AMT American Tower 0.3%

Value $9.964M Shares 60,914 Est. Cost $139.29 Unrealized —

ISRG Intuitive Surgical 0.1%

Value $3.364M Shares 8,460 Est. Cost $287.03 Unrealized —

ACN Accenture PLC 0.0%

Value $846K Shares 6,800 Est. Cost $172.26 Unrealized —

RTX RTX Corp 0.8%

Value $29.32M Shares 154,527 Est. Cost $54.61 Unrealized —

VMC Vulcan Materials Co 0.2%

Value $6.345M Shares 21,508 Est. Cost $108.86 Unrealized —

MET Metlife Inc 0.1%

Value $2.855M Shares 33,745 Est. Cost $34.48 Unrealized —

DE Deere and Co 0.1%

Value $3.806M Shares 6,000 Est. Cost $146.01 Unrealized —

— Costco Wholesale 0.2%

Value $5.987M Shares 6,400 Est. Cost $273.28 Unrealized —

HD Home Depot Inc 0.2%

Value $5.643M Shares 16,000 Est. Cost $176.26 Unrealized —

ICE Intercontinental Exch 0.0%

Value $1.354M Shares 11,000 Est. Cost $84.08 Unrealized —

CVS CVS Health Corp 0.0%

Value $1.21M Shares 11,700 Est. Cost $49.47 Unrealized —

MCD McDonalds Corp 0.1%

Value $2.433M Shares 9,000 Est. Cost $178.45 Unrealized —

Q Qnity Electronics Inc 0.0%

Value $1.174M Shares 7,189 Est. Cost $84.91 Unrealized —

AMGN Amgen Inc 0.3%

Value $11.32M Shares 31,270 Est. Cost $73.34 Unrealized —

PNC PNC Financial Service 0.1%

Value $2.044M Shares 8,300 Est. Cost $104.11 Unrealized —

— Citigroup Inc 0.0%

Value $1.652M Shares 11,800 Est. Cost $63.40 Unrealized —

LMT Lockheed Martin 0.0%

Value $1.681M Shares 3,300 Est. Cost $296.92 Unrealized —

USB US Bancorp 0.1%

Value $2.253M Shares 37,300 Est. Cost $32.16 Unrealized —

MO Altria Group 0.1%

Value $3.684M Shares 51,203 Est. Cost $23.37 Unrealized —

NEE Nextera Energy Inc 0.1%

Value $5.214M Shares 59,400 Est. Cost $60.20 Unrealized —

VRTX Vertex Pharma 0.1%

Value $2.98M Shares 6,000 Est. Cost $176.91 Unrealized —

HIG Hartford Insurance Group Inc 0.4%

Value $14.33M Shares 108,133 Est. Cost $40.52 Unrealized —

COF Capital One Financial 0.1%

Value $3.223M Shares 16,064 Est. Cost $131.08 Unrealized —

WFC Wells Fargo Co 0.2%

Value $7.512M Shares 90,900 Est. Cost $37.12 Unrealized —

KO Coca-Cola Co 0.1%

Value $4.226M Shares 52,000 Est. Cost $41.89 Unrealized —

GILD Gilead Sciences Inc 0.1%

Value $2.615M Shares 20,700 Est. Cost $46.52 Unrealized —

CSX CSX Corp 0.1%

Value $1.925M Shares 40,500 Est. Cost $27.76 Unrealized —

PG Procter Gamble 0.7%

Value $25.48M Shares 173,730 Est. Cost $73.89 Unrealized —

DIS Walt Disney Co 1.5%

Value $52.9M Shares 549,583 Est. Cost $98.09 Unrealized —

VWO Vanguard Emg Mkts ETF 0.1%

Value $2.586M Shares 43,329 Est. Cost $38.80 Unrealized —

UPS United Parcel Service 0.1%

Value $2.875M Shares 26,741 Est. Cost $77.46 Unrealized —

MA Mastercard Inc 0.2%

Value $8.628M Shares 16,800 Est. Cost $193.71 Unrealized —

NKE NIKE Inc Cl B 0.0%

Value $813K Shares 19,800 Est. Cost $77.74 Unrealized —

TEL TE Connectivity PLC 0.2%

Value $6.331M Shares 31,400 Est. Cost $146.90 Unrealized —

SBUX Starbucks 0.1%

Value $1.839M Shares 18,000 Est. Cost $70.62 Unrealized —

ADP Automatic Data Proc 0.1%

Value $2.397M Shares 10,705 Est. Cost $129.48 Unrealized —

TGT Target Corp 0.1%

Value $3.079M Shares 23,572 Est. Cost $47.95 Unrealized —

BA Boeing Company 0.1%

Value $2.749M Shares 12,700 Est. Cost $254.78 Unrealized —

EMR Emerson Electric 0.1%

Value $2.605M Shares 18,200 Est. Cost $40.02 Unrealized —

GSK GSK PLC ADR 0.1%

Value $4.162M Shares 79,398 Est. Cost $29.43 Unrealized —

DOW Dow Inc 0.0%

Value $393K Shares 14,378 Est. Cost $36.37 Unrealized —

ZTS Zoetis Inc CL A 0.0%

Value $318K Shares 4,430 Est. Cost $114.57 Unrealized —

CHTR Charter Communication 0.0%

Value $384K Shares 2,700 Est. Cost $403.56 Unrealized —

TJX TJX Companies Inc 0.1%

Value $3.575M Shares 23,600 Est. Cost $48.67 Unrealized —

TMO Thermo Fisher Scien 0.3%

Value $9.822M Shares 19,590 Est. Cost $252.53 Unrealized —

EBAY eBay Inc 0.0%

Value $1.028M Shares 9,200 Est. Cost $20.18 Unrealized —

LOW Lowes Cos Inc 0.1%

Value $2.635M Shares 11,950 Est. Cost $93.71 Unrealized —

— Linde PLC 0.1%

Value $4.152M Shares 8,000 Est. Cost $198.04 Unrealized —

SYF Synchrony Financial 0.0%

Value $1.699M Shares 22,335 Est. Cost $25.00 Unrealized —

RMD ResMed Inc 0.0%

Value $1.15M Shares 5,900 Est. Cost $40.00 Unrealized —

EOG EOG Resources Inc 0.0%

Value $1.505M Shares 11,600 Est. Cost $61.49 Unrealized —

ADBE Adobe Inc 0.0%

Value $913K Shares 4,452 Est. Cost $54.18 Unrealized —

GHC Graham Holdings Co 0.1%

Value $2.283M Shares 2,000 Est. Cost $339.79 Unrealized —

ILMN Illumina Inc 0.0%

Value $527K Shares 3,000 Est. Cost $294.76 Unrealized —

BMY Bristol-Myers Squibb 0.1%

Value $2.74M Shares 47,559 Est. Cost $41.04 Unrealized —

AFL Aflac Inc 0.1%

Value $2.111M Shares 18,000 Est. Cost $45.37 Unrealized —

CB Chubb Ltd 0.1%

Value $3.108M Shares 9,120 Est. Cost $126.85 Unrealized —

BIIB Biogen Inc 0.0%

Value $864K Shares 4,000 Est. Cost $232.85 Unrealized —

OTIS Otis Worldwide Corp 0.0%

Value $1.683M Shares 23,500 Est. Cost $47.48 Unrealized —

PYPL PayPal Holdings 0.1%

Value $2.695M Shares 62,421 Est. Cost $94.65 Unrealized —

RCL Royal Caribbean Cru 0.0%

Value $953K Shares 3,000 Est. Cost $77.05 Unrealized —

EQIX Equinix Inc 0.1%

Value $2.085M Shares 2,000 Est. Cost $477.48 Unrealized —

FTRE Fortrea Hldgs Inc 0.0%

Value $266K Shares 15,271 Est. Cost $29.59 Unrealized —

D Dominion Energy 0.0%

Value $1.277M Shares 18,700 Est. Cost $51.12 Unrealized —

SPG Simon Property Group 0.0%

Value $693K Shares 3,100 Est. Cost $45.55 Unrealized —

— Eaton Vance Tax Mngd 0.0%

Value $1.106M Shares 114,690 Est. Cost $11.12 Unrealized —

KMB Kimberly-Clark Corp 0.0%

Value $768K Shares 7,000 Est. Cost $109.72 Unrealized —

— iShares MSCI Japan 0.0%

Value $979K Shares 10,500 Est. Cost $11.21 Unrealized —

SHW Sherwin-Williams Co 0.0%

Value $1.307M Shares 3,795 Est. Cost $215.59 Unrealized —

SYK Stryker Corp 0.1%

Value $2.015M Shares 6,400 Est. Cost $175.82 Unrealized —

FOXA Fox Corp 0.0%

Value $711K Shares 13,638 Est. Cost $35.41 Unrealized —

APH Amphenol Corp 0.0%

Value $282K Shares 1,600 Est. Cost $133.54 Unrealized —

GEHC GE Healthcare Technologies 0.0%

Value $695K Shares 10,859 Est. Cost $71.08 Unrealized —

SOLV Solventum Corp 0.0%

Value $478K Shares 6,194 Est. Cost $60.70 Unrealized —

HPQ HP Inc 0.0%

Value $575K Shares 26,200 Est. Cost $9.12 Unrealized —

— Duke Energy Corp 0.1%

Value $2.051M Shares 16,200 Est. Cost $84.22 Unrealized —

PPG PPG Industries Inc 0.0%

Value $584K Shares 4,815 Est. Cost $91.63 Unrealized —

MDY SP MidCap 400 0.0%

Value $563K Shares 800 Est. Cost $253.75 Unrealized —

MRSH Marsh McLennan 0.0%

Value $1.667M Shares 10,000 Est. Cost $90.54 Unrealized —

GM General Motors 0.1%

Value $1.927M Shares 25,000 Est. Cost $33.63 Unrealized —

WM Waste Management Inc 0.1%

Value $2.073M Shares 9,300 Est. Cost $105.11 Unrealized —

CI Cigna Group 0.1%

Value $1.819M Shares 6,600 Est. Cost $276.18 Unrealized —

PLD Prologis Inc 0.1%

Value $2.419M Shares 17,853 Est. Cost $57.55 Unrealized —

IJR iShares Core SP SC 0.0%

Value $356K Shares 2,400 Est. Cost $92.08 Unrealized —

HLN Haleon PLC ADS 0.0%

Value $761K Shares 81,613 Est. Cost $6.09 Unrealized —

GD General Dynamics 0.1%

Value $1.771M Shares 5,000 Est. Cost $160.41 Unrealized —

SLB SLB Limited 0.0%

Value $511K Shares 11,000 Est. Cost $37.63 Unrealized —

KVUE Kenvue Inc 0.0%

Value $545K Shares 28,539 Est. Cost $21.04 Unrealized —

NOW ServiceNow Inc 0.0%

Value $993K Shares 10,000 Est. Cost $161.45 Unrealized —

ECL Ecolab Inc 0.0%

Value $1.094M Shares 3,925 Est. Cost $132.91 Unrealized —

SLAB Silicon Laboratories 0.0%

Value $953K Shares 4,359 Est. Cost $41.29 Unrealized —

AON Aon PLC 0.0%

Value $1.658M Shares 5,000 Est. Cost $195.70 Unrealized —

VTRS Viatris Inc 0.0%

Value $291K Shares 18,354 Est. Cost $13.33 Unrealized —

HAL Halliburton Co 0.0%

Value $289K Shares 8,500 Est. Cost $21.87 Unrealized —

SRE Sempra 0.0%

Value $890K Shares 9,600 Est. Cost $61.94 Unrealized —

ORCL Oracle Corp 0.3%

Value $10.65M Shares 72,700 Est. Cost $40.14 Unrealized —

IDCC InterDigital Inc 0.0%

Value $601K Shares 2,122 Est. Cost $92.54 Unrealized —

AEP American Elec Power 0.0%

Value $752K Shares 5,500 Est. Cost $30.44 Unrealized —

EFA iShares MSCI EAFE 0.0%

Value $447K Shares 4,300 Est. Cost $57.21 Unrealized —

CAG Conagra Brands Inc 0.0%

Value $167K Shares 12,400 Est. Cost $17.69 Unrealized —

WBD Warner Bros Discovery Inc 0.0%

Value $900K Shares 33,756 Est. Cost $28.24 Unrealized —

BDX Becton Dickinson 0.0%

Value $666K Shares 4,400 Est. Cost $161.98 Unrealized —

IP International Paper 0.0%

Value $343K Shares 9,000 Est. Cost $30.27 Unrealized —

WY Weyerhaeuser Co 0.0%

Value $989K Shares 41,315 Est. Cost $19.29 Unrealized —

EXC Exelon Corp 0.0%

Value $382K Shares 8,200 Est. Cost $15.41 Unrealized —

SO Southern Co 0.1%

Value $2.086M Shares 21,800 Est. Cost $43.15 Unrealized —

ED Consolidated Edison 0.0%

Value $763K Shares 6,900 Est. Cost $37.50 Unrealized —

— American Intl Group 0.0%

Value $1.624M Shares 21,788 Est. Cost $44.70 Unrealized —

CTVA Corteva Inc 0.0%

Value $1.218M Shares 14,378 Est. Cost $25.02 Unrealized —

APD Air Products Chemicals 0.0%

Value $1.173M Shares 4,000 Est. Cost $192.55 Unrealized —

EA Electronic Arts 0.1%

Value $1.829M Shares 8,918 Est. Cost $19.79 Unrealized —

DHR Danaher Corp 0.1%

Value $1.829M Shares 9,600 Est. Cost $115.75 Unrealized —

XEL Xcel Energy Inc 0.0%

Value $650K Shares 8,100 Est. Cost $58.54 Unrealized —

SCHW Charles Schwab Corp 0.0%

Value $338K Shares 3,660 Est. Cost $50.45 Unrealized —

MDLZ Mondelez Intl Inc 0.1%

Value $1.799M Shares 31,097 Est. Cost $40.05 Unrealized —

JHG Janus Henderson Grp 0.0%

Value $261K Shares 5,029 Est. Cost $43.19 Unrealized —

NWSA News Corp 0.0%

Value $339K Shares 13,640 Est. Cost $13.44 Unrealized —

VLTO Veralto Corp 0.0%

Value $284K Shares 3,200 Est. Cost $73.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	Standard Poors DR	1,104,639	$825M	23.6%	$468.83	—	COM	78462F103
LLY	Eli Lilly	129,013	$155M	4.4%	$80.03	—	COM	532457108
GOOGL	Alphabet Class A	253,350	$90.54M	2.6%	$107.43	—	COM	02079K305
AAPL	Apple Inc	466,450	$135M	3.9%	$100.00	—	COM	037833100
AMZN	Amazoncom	519,824	$124M	3.5%	$120.17	—	COM	023135106
GOOG	Alphabet Class C	239,280	$84.54M	2.4%	$107.32	—	COM	02079K107
AVGO	Broadcom Inc	177,555	$67.07M	1.9%	$334.17	—	COM	11135F101
NVDA	Nvidia Corp	464,060	$92.85M	2.7%	$92.67	—	COM	67066G104
INTC	Intel Corp	115,700	$16.16M	0.5%	$31.51	—	COM	458140100
PANW	Palo Alto Networks	53,400	$18.21M	0.5%	$88.01	—	COM	697435105
PEP	PepsiCo Inc	295,866	$40.06M	1.1%	$88.80	—	COM	713448108
CVX	Chevron Corp	139,642	$23.15M	0.7%	$131.78	—	COM	166764100
CSCO	Cisco Systems Inc	126,280	$14.83M	0.4%	$27.01	—	COM	17275R102
AMD	Advanced Micro Dev	12,100	$7.029M	0.2%	$102.22	—	COM	007903107
AMAT	Applied Materials	9,600	$6.941M	0.2%	$130.59	—	COM	038222105
UNP	Union Pacific Corp	123,943	$33.71M	1.0%	$131.30	—	COM	907818108
—	Lam Research Corp	15,000	$6.5M	0.2%	$121.94	—	COM	512807108
XOM	Exxon Mobil Corp	99,400	$13.59M	0.4%	$56.86	—	COM	30231G102
GE	GE Aerospace	32,589	$12.18M	0.3%	$157.95	—	COM	369604301
GLW	Corning Inc	22,180	$5.665M	0.2%	$10.49	—	COM	219350105
UNH	UnitedHealth Group	17,200	$7.149M	0.2%	$235.66	—	COM	91324P102
GL	Globe Life Inc	63,089	$11.27M	0.3%	$86.06	—	COM	37959E102
GEV	GE Vernova Inc	8,198	$9.632M	0.3%	$158.10	—	COM	36828A101
JPM	JPMorgan Chase	72,700	$23.8M	0.7%	$77.78	—	COM	46625H100
BAC	Bank of Amer Corp	277,812	$15.83M	0.5%	$15.58	—	COM	060505104
TXN	Texas Instruments	21,900	$6.528M	0.2%	$41.25	—	COM	882508104
TSLA	Tesla Inc	46,545	$19.58M	0.6%	$261.08	—	COM	88160R101
QCOM	Qualcomm Inc	39,400	$7.281M	0.2%	$44.32	—	COM	747525103
BRK/B	Berkshire Hathaway B	105,274	$52.68M	1.5%	$308.18	—	COM	084670702
V	Visa Inc	36,000	$12.35M	0.4%	$141.59	—	COM	92826C839
FDX	FedEx Corp	31,446	$9.847M	0.3%	$144.78	—	COM	31428X106
T	ATT Inc	154,832	$3.205M	0.1%	$13.73	—	COM	00206R102
NFLX	Netflix Inc	50,000	$3.57M	0.1%	$100.35	—	COM	64110L106
JNJ	Johnson Johnson	127,994	$32.51M	0.9%	$97.23	—	COM	478160104
IBM	Intl Bus Machines	31,167	$8.764M	0.3%	$118.94	—	COM	459200101
—	Merck Co	124,194	$15.96M	0.5%	$70.50	—	COM	589331107
NSC	Norfolk Southern Corp	35,500	$11.17M	0.3%	$150.80	—	COM	655844108
MS	Morgan Stanley	21,800	$4.557M	0.1%	$17.33	—	COM	617446448
MSFT	Microsoft Corp	285,500	$106M	3.0%	$175.73	—	COM	594918104
CRM	Salesforce Inc	27,020	$4.233M	0.1%	$153.02	—	COM	79466L302
COP	ConocoPhilips	28,500	$2.963M	0.1%	$51.07	—	COM	20825C104
CARR	Carrier Global	45,668	$3.35M	0.1%	$17.13	—	COM	14448C104
VZ	Verizon	90,641	$3.838M	0.1%	$36.70	—	COM	92343V104
ABBNY	ABB Ltd ADR	25,000	$2.717M	0.1%	$21.67	—	COM	000375204
META	Meta Platforms Inc	79,481	$44.77M	1.3%	$146.65	—	COM	30303M102
VOT	Vanguard Mid-Cap Growth ETF	13,922	$4.264M	0.1%	$119.74	—	COM	922908538
YUMC	Yum China Hldgs	87,799	$3.588M	0.1%	$34.16	—	COM	98850P109
PM	Philip Morris Intl	43,679	$7.902M	0.2%	$53.50	—	COM	718172109
PFE	Pfizer Inc	169,014	$4.07M	0.1%	$24.49	—	COM	717081103
YUM	Yum! Brands Inc	144,870	$23.16M	0.7%	$65.43	—	COM	988498101
ABBV	Abbvie Inc	18,000	$4.53M	0.1%	$55.01	—	COM	00287Y109
BSX	Boston Scientific	30,500	$1.302M	0.0%	$42.37	—	COM	101137107
GEN	Gen Digital Inc	98,600	$2.454M	0.1%	$12.38	—	COM	668771108
GS	Goldman Sachs Group	3,600	$3.641M	0.1%	$120.36	—	COM	38141G104
ABT	Abbott Labs	49,435	$4.486M	0.1%	$66.29	—	COM	002824100
WMT	Walmart Inc	51,000	$5.776M	0.2%	$48.40	—	COM	931142103
HPE	Hewlett Packard Enter	26,200	$1.182M	0.0%	$6.50	—	COM	42824C109
ITW	Illinois Tool Works	54,601	$14.77M	0.4%	$104.29	—	COM	452308109
AMT	American Tower	60,914	$9.964M	0.3%	$139.29	—	COM	03027X100
ISRG	Intuitive Surgical	8,460	$3.364M	0.1%	$287.03	—	COM	46120E602
ACN	Accenture PLC	6,800	$846K	0.0%	$172.26	—	COM	G1151C101
RTX	RTX Corp	154,527	$29.32M	0.8%	$54.61	—	COM	75513E101
VMC	Vulcan Materials Co	21,508	$6.345M	0.2%	$108.86	—	COM	929160109
MET	Metlife Inc	33,745	$2.855M	0.1%	$34.48	—	COM	59156R108
DE	Deere and Co	6,000	$3.806M	0.1%	$146.01	—	COM	244199105
—	Costco Wholesale	6,400	$5.987M	0.2%	$273.28	—	COM	22160k105
HD	Home Depot Inc	16,000	$5.643M	0.2%	$176.26	—	COM	437076102
ICE	Intercontinental Exch	11,000	$1.354M	0.0%	$84.08	—	COM	45866F104
CVS	CVS Health Corp	11,700	$1.21M	0.0%	$49.47	—	COM	126650100
MCD	McDonalds Corp	9,000	$2.433M	0.1%	$178.45	—	COM	580135101
Q	Qnity Electronics Inc	7,189	$1.174M	0.0%	$84.91	—	COM	74743L100
AMGN	Amgen Inc	31,270	$11.32M	0.3%	$73.34	—	COM	031162100
PNC	PNC Financial Service	8,300	$2.044M	0.1%	$104.11	—	COM	693475105
—	Citigroup Inc	11,800	$1.652M	0.0%	$63.40	—	COM	172967101
LMT	Lockheed Martin	3,300	$1.681M	0.0%	$296.92	—	COM	539830109
USB	US Bancorp	37,300	$2.253M	0.1%	$32.16	—	COM	902973304
MO	Altria Group	51,203	$3.684M	0.1%	$23.37	—	COM	02209S103
NEE	Nextera Energy Inc	59,400	$5.214M	0.1%	$60.20	—	COM	65339F101
VRTX	Vertex Pharma	6,000	$2.98M	0.1%	$176.91	—	COM	92532F100
HIG	Hartford Insurance Group Inc	108,133	$14.33M	0.4%	$40.52	—	COM	416515104
COF	Capital One Financial	16,064	$3.223M	0.1%	$131.08	—	COM	14040H105
WFC	Wells Fargo Co	90,900	$7.512M	0.2%	$37.12	—	COM	949746101
KO	Coca-Cola Co	52,000	$4.226M	0.1%	$41.89	—	COM	191216100
GILD	Gilead Sciences Inc	20,700	$2.615M	0.1%	$46.52	—	COM	375558103
CSX	CSX Corp	40,500	$1.925M	0.1%	$27.76	—	COM	126408103
PG	Procter Gamble	173,730	$25.48M	0.7%	$73.89	—	COM	742718109
DIS	Walt Disney Co	549,583	$52.9M	1.5%	$98.09	—	COM	254687106
VWO	Vanguard Emg Mkts ETF	43,329	$2.586M	0.1%	$38.80	—	COM	922042858
UPS	United Parcel Service	26,741	$2.875M	0.1%	$77.46	—	COM	911312106
MA	Mastercard Inc	16,800	$8.628M	0.2%	$193.71	—	COM	57636Q104
NKE	NIKE Inc Cl B	19,800	$813K	0.0%	$77.74	—	COM	654106103
TEL	TE Connectivity PLC	31,400	$6.331M	0.2%	$146.90	—	COM	G87052109
SBUX	Starbucks	18,000	$1.839M	0.1%	$70.62	—	COM	855244109
ADP	Automatic Data Proc	10,705	$2.397M	0.1%	$129.48	—	COM	053015103
TGT	Target Corp	23,572	$3.079M	0.1%	$47.95	—	COM	87612E106
BA	Boeing Company	12,700	$2.749M	0.1%	$254.78	—	COM	097023105
EMR	Emerson Electric	18,200	$2.605M	0.1%	$40.02	—	COM	291011104
GSK	GSK PLC ADR	79,398	$4.162M	0.1%	$29.43	—	COM	37733W204
DOW	Dow Inc	14,378	$393K	0.0%	$36.37	—	COM	260557103
ZTS	Zoetis Inc CL A	4,430	$318K	0.0%	$114.57	—	COM	98978V103
CHTR	Charter Communication	2,700	$384K	0.0%	$403.56	—	COM	16119P108
TJX	TJX Companies Inc	23,600	$3.575M	0.1%	$48.67	—	COM	872540109
TMO	Thermo Fisher Scien	19,590	$9.822M	0.3%	$252.53	—	COM	883556102
EBAY	eBay Inc	9,200	$1.028M	0.0%	$20.18	—	COM	278642103
LOW	Lowes Cos Inc	11,950	$2.635M	0.1%	$93.71	—	COM	548661107
—	Linde PLC	8,000	$4.152M	0.1%	$198.04	—	COM	G5494J103
SYF	Synchrony Financial	22,335	$1.699M	0.0%	$25.00	—	COM	87165B103
RMD	ResMed Inc	5,900	$1.15M	0.0%	$40.00	—	COM	761152107
EOG	EOG Resources Inc	11,600	$1.505M	0.0%	$61.49	—	COM	26875P101
ADBE	Adobe Inc	4,452	$913K	0.0%	$54.18	—	COM	00724F101
GHC	Graham Holdings Co	2,000	$2.283M	0.1%	$339.79	—	COM	384637104
ILMN	Illumina Inc	3,000	$527K	0.0%	$294.76	—	COM	452327109
BMY	Bristol-Myers Squibb	47,559	$2.74M	0.1%	$41.04	—	COM	110122108
AFL	Aflac Inc	18,000	$2.111M	0.1%	$45.37	—	COM	001055102
CB	Chubb Ltd	9,120	$3.108M	0.1%	$126.85	—	COM	H1467J104
BIIB	Biogen Inc	4,000	$864K	0.0%	$232.85	—	COM	09062X103
OTIS	Otis Worldwide Corp	23,500	$1.683M	0.0%	$47.48	—	COM	68902V107
PYPL	PayPal Holdings	62,421	$2.695M	0.1%	$94.65	—	COM	70450Y103
RCL	Royal Caribbean Cru	3,000	$953K	0.0%	$77.05	—	COM	V7780T103
EQIX	Equinix Inc	2,000	$2.085M	0.1%	$477.48	—	COM	29444U700
FTRE	Fortrea Hldgs Inc	15,271	$266K	0.0%	$29.59	—	COM	34965K107
D	Dominion Energy	18,700	$1.277M	0.0%	$51.12	—	COM	25746U109
SPG	Simon Property Group	3,100	$693K	0.0%	$45.55	—	COM	828806109
—	Eaton Vance Tax Mngd	114,690	$1.106M	0.0%	$11.12	—	COM	27829C105
KMB	Kimberly-Clark Corp	7,000	$768K	0.0%	$109.72	—	COM	494368103
—	iShares MSCI Japan	10,500	$979K	0.0%	$11.21	—	COM	464286848
SHW	Sherwin-Williams Co	3,795	$1.307M	0.0%	$215.59	—	COM	824348106
SYK	Stryker Corp	6,400	$2.015M	0.1%	$175.82	—	COM	863667101
FOXA	Fox Corp	13,638	$711K	0.0%	$35.41	—	COM	35137L105
APH	Amphenol Corp	1,600	$282K	0.0%	$133.54	—	COM	032095101
GEHC	GE Healthcare Technologies	10,859	$695K	0.0%	$71.08	—	COM	36266G107
SOLV	Solventum Corp	6,194	$478K	0.0%	$60.70	—	COM	83444M101
HPQ	HP Inc	26,200	$575K	0.0%	$9.12	—	COM	40434L105
—	Duke Energy Corp	16,200	$2.051M	0.1%	$84.22	—	COM	264399106
PPG	PPG Industries Inc	4,815	$584K	0.0%	$91.63	—	COM	693506107
MDY	SP MidCap 400	800	$563K	0.0%	$253.75	—	COM	78467Y107
MRSH	Marsh McLennan	10,000	$1.667M	0.0%	$90.54	—	COM	571748102
GM	General Motors	25,000	$1.927M	0.1%	$33.63	—	COM	37045V100
WM	Waste Management Inc	9,300	$2.073M	0.1%	$105.11	—	COM	94106L109
CI	Cigna Group	6,600	$1.819M	0.1%	$276.18	—	COM	125523100
PLD	Prologis Inc	17,853	$2.419M	0.1%	$57.55	—	COM	74340W103
IJR	iShares Core SP SC	2,400	$356K	0.0%	$92.08	—	COM	464287804
HLN	Haleon PLC ADS	81,613	$761K	0.0%	$6.09	—	COM	405552100
GD	General Dynamics	5,000	$1.771M	0.1%	$160.41	—	COM	369550108
SLB	SLB Limited	11,000	$511K	0.0%	$37.63	—	COM	806857108
KVUE	Kenvue Inc	28,539	$545K	0.0%	$21.04	—	COM	49177J102
NOW	ServiceNow Inc	10,000	$993K	0.0%	$161.45	—	COM	81762P102
ECL	Ecolab Inc	3,925	$1.094M	0.0%	$132.91	—	COM	278865100
SLAB	Silicon Laboratories	4,359	$953K	0.0%	$41.29	—	COM	826919102
AON	Aon PLC	5,000	$1.658M	0.0%	$195.70	—	COM	G0403H108
VTRS	Viatris Inc	18,354	$291K	0.0%	$13.33	—	COM	92556V106
HAL	Halliburton Co	8,500	$289K	0.0%	$21.87	—	COM	406216101
SRE	Sempra	9,600	$890K	0.0%	$61.94	—	COM	816851109
ORCL	Oracle Corp	72,700	$10.65M	0.3%	$40.14	—	COM	68389X105
IDCC	InterDigital Inc	2,122	$601K	0.0%	$92.54	—	COM	45867G101
AEP	American Elec Power	5,500	$752K	0.0%	$30.44	—	COM	025537101
EFA	iShares MSCI EAFE	4,300	$447K	0.0%	$57.21	—	COM	464287465
CAG	Conagra Brands Inc	12,400	$167K	0.0%	$17.69	—	COM	205887102
WBD	Warner Bros Discovery Inc	33,756	$900K	0.0%	$28.24	—	COM	934423104
BDX	Becton Dickinson	4,400	$666K	0.0%	$161.98	—	COM	075887109
IP	International Paper	9,000	$343K	0.0%	$30.27	—	COM	460146103
WY	Weyerhaeuser Co	41,315	$989K	0.0%	$19.29	—	COM	962166104
EXC	Exelon Corp	8,200	$382K	0.0%	$15.41	—	COM	30161N101
SO	Southern Co	21,800	$2.086M	0.1%	$43.15	—	COM	842587107
ED	Consolidated Edison	6,900	$763K	0.0%	$37.50	—	COM	209115104
—	American Intl Group	21,788	$1.624M	0.0%	$44.70	—	COM	026874107
CTVA	Corteva Inc	14,378	$1.218M	0.0%	$25.02	—	COM	22052L104
APD	Air Products Chemicals	4,000	$1.173M	0.0%	$192.55	—	COM	009158106
EA	Electronic Arts	8,918	$1.829M	0.1%	$19.79	—	COM	285512109
DHR	Danaher Corp	9,600	$1.829M	0.1%	$115.75	—	COM	235851102
XEL	Xcel Energy Inc	8,100	$650K	0.0%	$58.54	—	COM	98389B100
SCHW	Charles Schwab Corp	3,660	$338K	0.0%	$50.45	—	COM	808513105
MDLZ	Mondelez Intl Inc	31,097	$1.799M	0.1%	$40.05	—	COM	609207105
JHG	Janus Henderson Grp	5,029	$261K	0.0%	$43.19	—	COM	G4474Y214
NWSA	News Corp	13,640	$339K	0.0%	$13.44	—	COM	65249B109
VLTO	Veralto Corp	3,200	$284K	0.0%	$73.75	—	COM	92338C103