Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ADBE	ADOBE INC COM	1,783	$428K	0.0%	$239.94	$250.37	-4.2%	Stock	00724F101
BP	BP PLC SPONSORED ADR	9,191	$404K	0.0%	$43.99	$42.91	+2.5%	ADR	055622104
KMI	KINDER MORGAN INC DEL COM	8,379	$253K	0.0%	$30.15	$31.70	-4.9%	Stock	49456B101
SPCX	SPACE EXPLORATION TECHN CORP CLASS A COM STK	1,665	$251K	0.0%	$150.86	$138.41	+9.0%	Stock	84615Q103
—	DUFF & PHELPS UTLITY AND INFST COM	18,999	$244K	0.0%	$12.82	$12.82	—	CEF	26433C105
EHC	ENCOMPASS HEALTH CORP COM	1,934	$235K	0.0%	$121.49	$117.80	+3.1%	Stock	29261A100
IWF	ISHARES RUSSELL 1000 GROWTH ETF	1,764	$221K	0.0%	$125.26	$122.35	+2.4%	ETF	464287614
VZ	VERIZON COMMUNICATIONS INC COM	4,509	$207K	0.0%	$45.87	$47.04	-2.5%	Stock	92343V104

Increased Positions (38)

BIL STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 2.1%

Value $27.44M (+406.3%) Shares 299,435 (+406.3%) Share Price $91.64 Est. Cost/Share $91.54 Unrealized @ Report Date +0.1%

— FEDERAL NATL MTG ASSN VAR PFD SER P 4.4%

Value $58.8M (-25.5%) Shares 10,103,944 (+8.6%) Share Price $5.82 Est. Cost/Share $12.02 Unrealized @ Report Date —

MSFT MICROSOFT CORP COM 3.3%

Value $43.14M (+39.8%) Shares 84,108 (+1.7%) Share Price $512.90 Est. Cost/Share $73.08 Unrealized @ Report Date +601.8%

— FEDERAL NATL MTG ASSN PFD 8.25 SR T 3.0%

Value $39.91M (-22.2%) Shares 6,324,545 (+8.4%) Share Price $6.31 Est. Cost/Share $14.97 Unrealized @ Report Date —

CVX CHEVRON CORPORATION COM 3.1%

Value $40.67M (+28.0%) Shares 199,164 (+3.9%) Share Price $204.21 Est. Cost/Share $91.66 Unrealized @ Report Date +122.8%

— FEDERAL HOME LN MTG CORP 6.02 NON CM PFD 1.3%

Value $17.64M (-32.4%) Shares 3,207,265 (+7.0%) Share Price $5.50 Est. Cost/Share $13.88 Unrealized @ Report Date —

— FEDERAL HOME LN MTG CORP PFD 8.375 NCM 1.0%

Value $13.31M (-32.7%) Shares 1,986,709 (+1.4%) Share Price $6.70 Est. Cost/Share $15.52 Unrealized @ Report Date —

IBM INTERNATIONAL BUSINESS MACHS COM 2.2%

Value $28.55M (-18.4%) Shares 129,803 (+4.4%) Share Price $219.93 Est. Cost/Share $112.29 Unrealized @ Report Date +95.9%

CVS CVS HEALTH CORP COM 2.2%

Value $29.51M (-16.0%) Shares 344,416 (+1.4%) Share Price $85.69 Est. Cost/Share $56.78 Unrealized @ Report Date +50.9%

T AT&T INC COM 2.1%

Value $28.45M (+23.0%) Shares 1,165,908 (+4.3%) Share Price $24.40 Est. Cost/Share $26.93 Unrealized @ Report Date -9.4%

DOCU DOCUSIGN INC COM 0.8%

Value $10.34M (+79.6%) Shares 154,028 (+18.8%) Share Price $67.15 Est. Cost/Share $70.01 Unrealized @ Report Date -4.1%

REMX VANECK RARE EARTH AND STRATEGIC METALS ETF 1.0%

Value $12.68M (-26.3%) Shares 197,308 (+1.5%) Share Price $64.26 Est. Cost/Share $71.74 Unrealized @ Report Date -10.4%

SONY SONY GROUP CORP SPONSORED ADR 1.2%

Value $16.09M (+21.1%) Shares 683,884 (+3.3%) Share Price $23.53 Est. Cost/Share $14.22 Unrealized @ Report Date +65.4%

MA MASTERCARD INCORPORATED CL A 1.5%

Value $19.63M (+15.0%) Shares 35,599 (+7.1%) Share Price $551.47 Est. Cost/Share $502.82 Unrealized @ Report Date +9.7%

HD HOME DEPOT INC COM 0.7%

Value $9.496M (-16.1%) Shares 33,379 (+4.0%) Share Price $284.49 Est. Cost/Share $142.55 Unrealized @ Report Date +99.6%

— FEDERAL NATL MTG ASSN PFD CV 5.375 0.4%

Value $4.875M (-14.9%) Shares 195 (+2.1%) Share Price $25000.00 Est. Cost/Share $53333.33 Unrealized @ Report Date —

SYK STRYKER CORPORATION COM 0.9%

Value $12.29M (-6.5%) Shares 44,625 (+6.9%) Share Price $275.39 Est. Cost/Share $185.57 Unrealized @ Report Date +48.4%

— FEDERAL HOME LN MTG CORP PFD PERP VAR 0.2%

Value $2.711M (-23.9%) Shares 285,341 (+12.2%) Share Price $9.50 Est. Cost/Share $22.02 Unrealized @ Report Date —

— FEDERAL HOME LN MTG CORP PFD VAR RATE 0.2%

Value $2.464M (-24.6%) Shares 261,900 (+6.2%) Share Price $9.41 Est. Cost/Share $20.13 Unrealized @ Report Date —

PEP PEPSICO INC COM 1.2%

Value $15.5M (-4.8%) Shares 122,304 (+1.7%) Share Price $126.72 Est. Cost/Share $98.88 Unrealized @ Report Date +28.2%

LLY ELI LILLY & CO COM 0.9%

Value $11.79M (+6.5%) Shares 10,188 (+10.4%) Share Price $1157.08 Est. Cost/Share $1011.05 Unrealized @ Report Date +14.4%

SPY STATE STREET SPDR S&P 500 ETF 0.2%

Value $3.147M (+26.0%) Shares 4,126 (+23.4%) Share Price $762.63 Est. Cost/Share $571.61 Unrealized @ Report Date +33.4%

NG NOVAGOLD RESOURCES INC COM NEW 0.2%

Value $3.31M (+23.5%) Shares 509,193 (+13.4%) Share Price $6.50 Est. Cost/Share $7.88 Unrealized @ Report Date -17.5%

— FEDERAL NATL MTG ASSN PFD F VAR RATE 0.2%

Value $2.05M (-22.3%) Shares 218,750 (+6.8%) Share Price $9.37 Est. Cost/Share $21.56 Unrealized @ Report Date —

CEG CONSTELLATION ENERGY CORP COM 1.1%

Value $14.71M (+4.1%) Shares 57,908 (+1.8%) Share Price $254.02 Est. Cost/Share $264.37 Unrealized @ Report Date -3.9%

XOM EXXONMOBIL HOLDINGS CORP COM SHS 0.1%

Value $849K (+60.6%) Shares 5,219 (+34.9%) Share Price $162.75 Est. Cost/Share $143.45 Unrealized @ Report Date —

HON HONEYWELL INTL INC COM 0.6%

Value $8.155M (-2.7%) Shares 38,658 (+3.3%) Share Price $210.94 Est. Cost/Share $223.48 Unrealized @ Report Date —

HCA HCA HEALTHCARE INC COM 0.1%

Value $1.943M (+11.0%) Shares 4,553 (+1.4%) Share Price $426.74 Est. Cost/Share $250.61 Unrealized @ Report Date +70.3%

META META PLATFORMS INC CL A 0.0%

Value $556K (+31.0%) Shares 767 (+1.7%) Share Price $725.18 Est. Cost/Share $504.64 Unrealized @ Report Date +43.7%

TSLA TESLA INC COM 0.0%

Value $489K (-13.6%) Shares 1,377 (+2.5%) Share Price $354.81 Est. Cost/Share $353.33 Unrealized @ Report Date +0.4%

VOOV VANGUARD S&P 500 VALUE ETF 0.0%

Value $466K (+18.9%) Shares 2,117 (+18.3%) Share Price $220.34 Est. Cost/Share $190.10 Unrealized @ Report Date +15.9%

MU MICRON TECHNOLOGY INC COM 0.1%

Value $1.134M (-6.0%) Shares 1,065 (+1.9%) Share Price $1065.11 Est. Cost/Share $109.31 Unrealized @ Report Date +874.4%

JPM JPMORGAN CHASE & CO COM 0.1%

Value $1.044M (+6.4%) Shares 3,157 (+5.2%) Share Price $330.83 Est. Cost/Share $133.54 Unrealized @ Report Date +147.7%

V VISA INC COM CL A 0.0%

Value $310K (+7.5%) Shares 862 (+2.6%) Share Price $359.33 Est. Cost/Share $272.35 Unrealized @ Report Date +31.9%

AVGO BROADCOM INC COM 0.1%

Value $802K (-2.4%) Shares 2,284 (+5.0%) Share Price $351.19 Est. Cost/Share $176.25 Unrealized @ Report Date +99.3%

IWB ISHARES RUSSELL 1000 ETF 0.0%

Value $297K (+3.5%) Shares 713 (+1.9%) Share Price $416.13 Est. Cost/Share $396.67 Unrealized @ Report Date +4.9%

IWM ISHARES RUSSELL 2000 ETF 0.0%

Value $211K (-4.2%) Shares 761 (+3.5%) Share Price $277.89 Est. Cost/Share $281.45 Unrealized @ Report Date -1.3%

WMT WALMART INC COM 0.1%

Value $888K (+0.3%) Shares 8,549 (+9.3%) Share Price $103.92 Est. Cost/Share $66.03 Unrealized @ Report Date +57.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BIL	STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	299,435 (+406.3%)	$27.44M (+406.3%)	2.1%	$91.64	$91.54	+0.1%	ETF	78468R663
—	FEDERAL NATL MTG ASSN VAR PFD SER P	10,103,944 (+8.6%)	$58.8M (-25.5%)	4.4%	$5.82	$12.02	—	Preferred	313586786
MSFT	MICROSOFT CORP COM	84,108 (+1.7%)	$43.14M (+39.8%)	3.3%	$512.90	$73.08	+601.8%	Stock	594918104
—	FEDERAL NATL MTG ASSN PFD 8.25 SR T	6,324,545 (+8.4%)	$39.91M (-22.2%)	3.0%	$6.31	$14.97	—	Preferred	313586737
CVX	CHEVRON CORPORATION COM	199,164 (+3.9%)	$40.67M (+28.0%)	3.1%	$204.21	$91.66	+122.8%	Stock	166764100
—	FEDERAL HOME LN MTG CORP 6.02 NON CM PFD	3,207,265 (+7.0%)	$17.64M (-32.4%)	1.3%	$5.50	$13.88	—	Preferred	313400657
—	FEDERAL HOME LN MTG CORP PFD 8.375 NCM	1,986,709 (+1.4%)	$13.31M (-32.7%)	1.0%	$6.70	$15.52	—	Preferred	313400624
IBM	INTERNATIONAL BUSINESS MACHS COM	129,803 (+4.4%)	$28.55M (-18.4%)	2.2%	$219.93	$112.29	+95.9%	Stock	459200101
CVS	CVS HEALTH CORP COM	344,416 (+1.4%)	$29.51M (-16.0%)	2.2%	$85.69	$56.78	+50.9%	Stock	126650100
T	AT&T INC COM	1,165,908 (+4.3%)	$28.45M (+23.0%)	2.1%	$24.40	$26.93	-9.4%	Stock	00206R102
DOCU	DOCUSIGN INC COM	154,028 (+18.8%)	$10.34M (+79.6%)	0.8%	$67.15	$70.01	-4.1%	Stock	256163106
REMX	VANECK RARE EARTH AND STRATEGIC METALS ETF	197,308 (+1.5%)	$12.68M (-26.3%)	1.0%	$64.26	$71.74	-10.4%	ETF	92189H805
SONY	SONY GROUP CORP SPONSORED ADR	683,884 (+3.3%)	$16.09M (+21.1%)	1.2%	$23.53	$14.22	+65.4%	ADR	835699307
MA	MASTERCARD INCORPORATED CL A	35,599 (+7.1%)	$19.63M (+15.0%)	1.5%	$551.47	$502.82	+9.7%	Stock	57636Q104
HD	HOME DEPOT INC COM	33,379 (+4.0%)	$9.496M (-16.1%)	0.7%	$284.49	$142.55	+99.6%	Stock	437076102
—	FEDERAL NATL MTG ASSN PFD CV 5.375	195 (+2.1%)	$4.875M (-14.9%)	0.4%	$25000.00	$53333.33	—	Convertible Preferred	313586810
SYK	STRYKER CORPORATION COM	44,625 (+6.9%)	$12.29M (-6.5%)	0.9%	$275.39	$185.57	+48.4%	Stock	863667101
—	FEDERAL HOME LN MTG CORP PFD PERP VAR	285,341 (+12.2%)	$2.711M (-23.9%)	0.2%	$9.50	$22.02	—	Preferred	313400715
—	FEDERAL HOME LN MTG CORP PFD VAR RATE	261,900 (+6.2%)	$2.464M (-24.6%)	0.2%	$9.41	$20.13	—	Preferred	313400780
PEP	PEPSICO INC COM	122,304 (+1.7%)	$15.5M (-4.8%)	1.2%	$126.72	$98.88	+28.2%	Stock	713448108
LLY	ELI LILLY & CO COM	10,188 (+10.4%)	$11.79M (+6.5%)	0.9%	$1157.08	$1011.05	+14.4%	Stock	532457108
SPY	STATE STREET SPDR S&P 500 ETF	4,126 (+23.4%)	$3.147M (+26.0%)	0.2%	$762.63	$571.61	+33.4%	ETF	78462F103
NG	NOVAGOLD RESOURCES INC COM NEW	509,193 (+13.4%)	$3.31M (+23.5%)	0.2%	$6.50	$7.88	-17.5%	Stock	66987E206
—	FEDERAL NATL MTG ASSN PFD F VAR RATE	218,750 (+6.8%)	$2.05M (-22.3%)	0.2%	$9.37	$21.56	—	Preferred	313586703
CEG	CONSTELLATION ENERGY CORP COM	57,908 (+1.8%)	$14.71M (+4.1%)	1.1%	$254.02	$264.37	-3.9%	Stock	21037T109
XOM	EXXONMOBIL HOLDINGS CORP COM SHS	5,219 (+34.9%)	$849K (+60.6%)	0.1%	$162.75	$143.45	—	Stock	30233Q108
HON	HONEYWELL INTL INC COM	38,658 (+3.3%)	$8.155M (-2.7%)	0.6%	$210.94	$223.48	—	Stock	438516205
HCA	HCA HEALTHCARE INC COM	4,553 (+1.4%)	$1.943M (+11.0%)	0.1%	$426.74	$250.61	+70.3%	Stock	40412C101
META	META PLATFORMS INC CL A	767 (+1.7%)	$556K (+31.0%)	0.0%	$725.18	$504.64	+43.7%	Stock	30303M102
TSLA	TESLA INC COM	1,377 (+2.5%)	$489K (-13.6%)	0.0%	$354.81	$353.33	+0.4%	Stock	88160R101
VOOV	VANGUARD S&P 500 VALUE ETF	2,117 (+18.3%)	$466K (+18.9%)	0.0%	$220.34	$190.10	+15.9%	ETF	921932703
MU	MICRON TECHNOLOGY INC COM	1,065 (+1.9%)	$1.134M (-6.0%)	0.1%	$1065.11	$109.31	+874.4%	Stock	595112103
JPM	JPMORGAN CHASE & CO COM	3,157 (+5.2%)	$1.044M (+6.4%)	0.1%	$330.83	$133.54	+147.7%	Stock	46625H100
V	VISA INC COM CL A	862 (+2.6%)	$310K (+7.5%)	0.0%	$359.33	$272.35	+31.9%	Stock	92826C839
AVGO	BROADCOM INC COM	2,284 (+5.0%)	$802K (-2.4%)	0.1%	$351.19	$176.25	+99.3%	Stock	11135F101
IWB	ISHARES RUSSELL 1000 ETF	713 (+1.9%)	$297K (+3.5%)	0.0%	$416.13	$396.67	+4.9%	ETF	464287622
IWM	ISHARES RUSSELL 2000 ETF	761 (+3.5%)	$211K (-4.2%)	0.0%	$277.89	$281.45	-1.3%	ETF	464287655
WMT	WALMART INC COM	8,549 (+9.3%)	$888K (+0.3%)	0.1%	$103.92	$66.03	+57.4%	Stock	931142103

Exited Positions (4)

CI THE CIGNA GROUP COM 0.0%

Value $374K Shares 1,357 Share Price $275.68 Est. Cost/Share $282.51 Unrealized @ Report Date -3.8%

CAT CATERPILLAR INC COM 0.0%

Value $258K Shares 242 Share Price $1064.90 * Est. Cost/Share $878.47 Unrealized @ Report Date -7.7%

NHI NATIONAL HEALTH INVS INC COM 0.0%

Value $209K Shares 2,741 Share Price $76.26 Est. Cost/Share $79.11 Unrealized @ Report Date —

EQIX EQUINIX INC COM 0.0%

Value $208K Shares 200 Share Price $1042.39 Est. Cost/Share $510.45 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CI	THE CIGNA GROUP COM	1,357	$374K	0.0%	$275.68	$282.51	-3.8%	—	125523100
CAT	CATERPILLAR INC COM	242	$258K	0.0%	$1064.90 *	$878.47	-7.7%	—	149123101
NHI	NATIONAL HEALTH INVS INC COM	2,741	$209K	0.0%	$76.26	$79.11	—	—	63633D104
EQIX	EQUINIX INC COM	200	$208K	0.0%	$1042.39	$510.45	—	—	29444U700

Decreased Positions (25)

GLW CORNING INC COM 4.1%

Value $54.73M (-46.9%) Shares 355,927 (-11.7%) Share Price $153.76 Est. Cost/Share $17.26 Unrealized @ Report Date +790.7%

DOW DOW HLDGS INC COM 0.0%

Value $209K (-99.1%) Shares 7,596 (-99.1%) Share Price $27.54 Est. Cost/Share $38.62 Unrealized @ Report Date -28.7%

LUMN LUMEN TECHNOLOGIES INC COM 2.9%

Value $38.92M (-28.8%) Shares 6,949,193 (-2.4%) Share Price $5.60 Est. Cost/Share $5.86 Unrealized @ Report Date -4.4%

GEV GE VERNOVA INC COM 2.3%

Value $30.77M (-21.6%) Shares 32,375 (-3.1%) Share Price $950.49 Est. Cost/Share $158.10 Unrealized @ Report Date +501.2%

GE GE AEROSPACE COM NEW 2.3%

Value $31.01M (-17.5%) Shares 99,300 (-1.3%) Share Price $312.29 Est. Cost/Share $73.01 Unrealized @ Report Date +327.7%

DHI D R HORTON INC COM 1.6%

Value $21.5M (-17.2%) Shares 157,354 (-1.3%) Share Price $136.65 Est. Cost/Share $83.07 Unrealized @ Report Date +64.5%

GILD GILEAD SCIENCES INC COM 2.5%

Value $33.04M (+11.9%) Shares 221,671 (-5.2%) Share Price $149.05 Est. Cost/Share $54.38 Unrealized @ Report Date +174.1%

STWD STARWOOD PPTY TR INC COM 1.0%

Value $12.98M (-18.9%) Shares 961,645 (-1.6%) Share Price $13.50 Est. Cost/Share $17.13 Unrealized @ Report Date —

AAPL APPLE INC COM 1.7%

Value $22.69M (+13.6%) Shares 68,124 (-1.3%) Share Price $333.02 Est. Cost/Share $81.29 Unrealized @ Report Date +309.7%

HONA HONEYWELL AEROSPACE INC COM 0.4%

Value $5.594M (-32.1%) Shares 36,097 (-3.1%) Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

BAC BANK OF AMER CORP COM 2.1%

Value $27.53M (-7.6%) Shares 505,830 (-3.2%) Share Price $54.43 Est. Cost/Share $13.45 Unrealized @ Report Date +304.6%

GOOGL ALPHABET INC CAP STK CL A 1.4%

Value $18.08M (-8.1%) Shares 52,536 (-4.6%) Share Price $344.08 Est. Cost/Share $158.25 Unrealized @ Report Date +117.4%

ORCL ORACLE CORP COM 0.8%

Value $10.59M (-13.1%) Shares 77,134 (-7.2%) Share Price $137.30 Est. Cost/Share $148.82 Unrealized @ Report Date -7.7%

SCHD SCHWAB US DIVIDEND EQUITY ETF 0.3%

Value $4.627M (-20.4%) Shares 142,240 (-22.4%) Share Price $32.53 Est. Cost/Share $26.90 Unrealized @ Report Date +20.9%

NVDA NVIDIA CORPORATION COM 1.0%

Value $12.7M (-2.8%) Shares 55,593 (-14.8%) Share Price $228.38 Est. Cost/Share $174.62 Unrealized @ Report Date +30.8%

COST COSTCO WHOLESALE CORPORATION COM 0.6%

Value $7.945M (-4.1%) Shares 8,728 (-1.5%) Share Price $910.31 Est. Cost/Share $384.41 Unrealized @ Report Date +136.8%

RSP INVESCO S&P 500 EQUAL WEIGHT ETF 0.5%

Value $6.734M (-4.4%) Shares 32,374 (-2.2%) Share Price $208.02 Est. Cost/Share $155.71 Unrealized @ Report Date +33.6%

SO SOUTHERN CO COM 0.1%

Value $1.342M (-15.9%) Shares 16,184 (-2.9%) Share Price $82.89 Est. Cost/Share $41.65 Unrealized @ Report Date +99.0%

GOOG ALPHABET INC CAP STK CL C 0.1%

Value $817K (-9.5%) Shares 2,397 (-6.2%) Share Price $340.80 Est. Cost/Share $277.65 Unrealized @ Report Date +22.7%

CGGR CAPITAL GROUP GROWTH ETF 0.2%

Value $2.532M (-3.0%) Shares 53,392 (-3.5%) Share Price $47.43 Est. Cost/Share $21.95 Unrealized @ Report Date +116.1%

DUSA DAVIS SELECT U.S. EQUITY ETF 0.1%

Value $939K (-7.0%) Shares 17,170 (-4.5%) Share Price $54.68 Est. Cost/Share $33.76 Unrealized @ Report Date +62.0%

MCD MCDONALDS CORP COM 0.0%

Value $314K (-17.3%) Shares 1,360 (-3.2%) Share Price $230.94 Est. Cost/Share $135.39 Unrealized @ Report Date +70.6%

CGDV CAPITAL GROUP DIVIDEND VALUE ETF 0.1%

Value $748K (-8.0%) Shares 15,308 (-7.2%) Share Price $48.85 Est. Cost/Share $22.74 Unrealized @ Report Date +114.8%

CGUS CAPITAL GROUP CORE EQUITY ETF 0.0%

Value $252K (-6.2%) Shares 5,674 (-6.2%) Share Price $44.50 Est. Cost/Share $24.77 Unrealized @ Report Date +79.6%

ABBV ABBVIE INC COM 0.0%

Value $202K (+0.7%) Shares 774 (-3.1%) Share Price $261.59 Est. Cost/Share $215.15 Unrealized @ Report Date +21.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLW	CORNING INC COM	355,927 (-11.7%)	$54.73M (-46.9%)	4.1%	$153.76	$17.26	+790.7%	Stock	219350105
DOW	DOW HLDGS INC COM	7,596 (-99.1%)	$209K (-99.1%)	0.0%	$27.54	$38.62	-28.7%	Stock	260557103
LUMN	LUMEN TECHNOLOGIES INC COM	6,949,193 (-2.4%)	$38.92M (-28.8%)	2.9%	$5.60	$5.86	-4.4%	Stock	550241103
GEV	GE VERNOVA INC COM	32,375 (-3.1%)	$30.77M (-21.6%)	2.3%	$950.49	$158.10	+501.2%	Stock	36828A101
GE	GE AEROSPACE COM NEW	99,300 (-1.3%)	$31.01M (-17.5%)	2.3%	$312.29	$73.01	+327.7%	Stock	369604301
DHI	D R HORTON INC COM	157,354 (-1.3%)	$21.5M (-17.2%)	1.6%	$136.65	$83.07	+64.5%	Stock	23331A109
GILD	GILEAD SCIENCES INC COM	221,671 (-5.2%)	$33.04M (+11.9%)	2.5%	$149.05	$54.38	+174.1%	Stock	375558103
STWD	STARWOOD PPTY TR INC COM	961,645 (-1.6%)	$12.98M (-18.9%)	1.0%	$13.50	$17.13	—	REIT	85571B105
AAPL	APPLE INC COM	68,124 (-1.3%)	$22.69M (+13.6%)	1.7%	$333.02	$81.29	+309.7%	Stock	037833100
HONA	HONEYWELL AEROSPACE INC COM	36,097 (-3.1%)	$5.594M (-32.1%)	0.4%	$154.97	$240.18	-35.5%	Stock	43849R105
BAC	BANK OF AMER CORP COM	505,830 (-3.2%)	$27.53M (-7.6%)	2.1%	$54.43	$13.45	+304.6%	Stock	060505104
GOOGL	ALPHABET INC CAP STK CL A	52,536 (-4.6%)	$18.08M (-8.1%)	1.4%	$344.08	$158.25	+117.4%	Stock	02079K305
ORCL	ORACLE CORP COM	77,134 (-7.2%)	$10.59M (-13.1%)	0.8%	$137.30	$148.82	-7.7%	Stock	68389X105
SCHD	SCHWAB US DIVIDEND EQUITY ETF	142,240 (-22.4%)	$4.627M (-20.4%)	0.3%	$32.53	$26.90	+20.9%	ETF	808524797
NVDA	NVIDIA CORPORATION COM	55,593 (-14.8%)	$12.7M (-2.8%)	1.0%	$228.38	$174.62	+30.8%	Stock	67066G104
COST	COSTCO WHOLESALE CORPORATION COM	8,728 (-1.5%)	$7.945M (-4.1%)	0.6%	$910.31	$384.41	+136.8%	Stock	22160K105
RSP	INVESCO S&P 500 EQUAL WEIGHT ETF	32,374 (-2.2%)	$6.734M (-4.4%)	0.5%	$208.02	$155.71	+33.6%	ETF	46137V357
SO	SOUTHERN CO COM	16,184 (-2.9%)	$1.342M (-15.9%)	0.1%	$82.89	$41.65	+99.0%	Stock	842587107
GOOG	ALPHABET INC CAP STK CL C	2,397 (-6.2%)	$817K (-9.5%)	0.1%	$340.80	$277.65	+22.7%	Stock	02079K107
CGGR	CAPITAL GROUP GROWTH ETF	53,392 (-3.5%)	$2.532M (-3.0%)	0.2%	$47.43	$21.95	+116.1%	ETF	14020G101
DUSA	DAVIS SELECT U.S. EQUITY ETF	17,170 (-4.5%)	$939K (-7.0%)	0.1%	$54.68	$33.76	+62.0%	ETF	23908L207
MCD	MCDONALDS CORP COM	1,360 (-3.2%)	$314K (-17.3%)	0.0%	$230.94	$135.39	+70.6%	Stock	580135101
CGDV	CAPITAL GROUP DIVIDEND VALUE ETF	15,308 (-7.2%)	$748K (-8.0%)	0.1%	$48.85	$22.74	+114.8%	ETF	14020W106
CGUS	CAPITAL GROUP CORE EQUITY ETF	5,674 (-6.2%)	$252K (-6.2%)	0.0%	$44.50	$24.77	+79.6%	ETF	14020V108
ABBV	ABBVIE INC COM	774 (-3.1%)	$202K (+0.7%)	0.0%	$261.59	$215.15	+21.6%	Stock	00287Y109

Unchanged Positions (51)

PLTR PALANTIR TECHNOLOGIES INC CL A 1.9%

Value $25.7M Shares 137,394 Share Price $187.05 Est. Cost/Share $18.64 Unrealized @ Report Date +903.6%

— FEDERAL NATL MTG ASSN PFD8.25SER S 1.2%

Value $16.51M Shares 2,215,790 Share Price $7.45 Est. Cost/Share $16.52 Unrealized @ Report Date —

WMB WILLIAMS COS INC COM 3.9%

Value $51.52M Shares 757,927 Share Price $67.97 Est. Cost/Share $19.01 Unrealized @ Report Date +257.6%

NEE NEXTERA ENERGY INC COM 2.0%

Value $26.89M Shares 355,050 Share Price $75.74 Est. Cost/Share $73.32 Unrealized @ Report Date +3.3%

MRK MERCK & CO INC COM 3.0%

Value $39.36M Shares 270,888 Share Price $145.31 Est. Cost/Share $71.56 Unrealized @ Report Date +103.1%

AMGN AMGEN INC COM 1.9%

Value $24.69M Shares 58,581 Share Price $421.51 Est. Cost/Share $252.14 Unrealized @ Report Date +67.2%

UPS UNITED PARCEL SVCS INC CL B 1.7%

Value $21.87M Shares 234,063 Share Price $93.44 Est. Cost/Share $95.26 Unrealized @ Report Date -1.9%

UNH UNITEDHEALTH GROUP INC COM 1.6%

Value $21.76M Shares 59,277 Share Price $367.08 Est. Cost/Share $302.02 Unrealized @ Report Date +21.5%

DUK DUKE ENERGY CORP NEW COM NEW 1.9%

Value $24.54M Shares 215,220 Share Price $114.01 Est. Cost/Share $105.17 Unrealized @ Report Date +8.4%

— FEDERAL NATL MTG ASSN PFD O VAR RATE 0.4%

Value $5.478M Shares 438,227 Share Price $12.50 Est. Cost/Share $29.80 Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS 2.4%

Value $31.43M Shares 68,900 Share Price $456.19 Est. Cost/Share $81.80 Unrealized @ Report Date +457.7%

JNJ JOHNSON & JOHNSON COM 2.7%

Value $36.25M Shares 136,910 Share Price $264.74 Est. Cost/Share $83.96 Unrealized @ Report Date +215.3%

FBK FB FINL CORP COM 1.3%

Value $17.72M Shares 342,809 Share Price $51.70 Est. Cost/Share $50.36 Unrealized @ Report Date +2.7%

AMZN AMAZON COM INC COM 1.9%

Value $25.63M Shares 102,883 Share Price $249.15 Est. Cost/Share $139.57 Unrealized @ Report Date +78.5%

HSY HERSHEY CO COM 0.7%

Value $9.023M Shares 57,252 Share Price $157.61 Est. Cost/Share $91.89 Unrealized @ Report Date +71.5%

RTX RTX CORPORATION COM 2.2%

Value $28.51M Shares 153,565 Share Price $185.65 Est. Cost/Share $61.94 Unrealized @ Report Date +199.7%

KO COCA COLA CO COM 1.2%

Value $15.6M Shares 181,278 Share Price $86.08 Est. Cost/Share $42.71 Unrealized @ Report Date +101.6%

MGNR AMERICAN BEACON GLG NATURAL RESOURCES ETF 2.3%

Value $30.29M Shares 614,101 Share Price $49.32 Est. Cost/Share $52.81 Unrealized @ Report Date -6.6%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 1.6%

Value $20.55M Shares 41,264 Share Price $497.95 Est. Cost/Share $220.09 Unrealized @ Report Date +126.2%

AMAT APPLIED MATLS INC COM 0.0%

Value $452K Shares 884 Share Price $511.38 Est. Cost/Share $180.78 Unrealized @ Report Date +182.9%

VRSN VERISIGN INC COM 0.1%

Value $1.078M Shares 3,822 Share Price $282.01 Est. Cost/Share $216.20 Unrealized @ Report Date +30.4%

— FEDERAL NATL MTG ASSN PFD7.625SER R 0.0%

Value $234K Shares 37,800 Share Price $6.20 Est. Cost/Share $14.85 Unrealized @ Report Date —

LOW LOWES COS INC COM 0.0%

Value $369K Shares 2,002 Share Price $184.29 Est. Cost/Share $111.95 Unrealized @ Report Date +64.6%

— FEDERAL NATL MTG ASSN PFD L 5.125 0.0%

Value $192K Shares 17,500 Share Price $10.99 Est. Cost/Share $25.25 Unrealized @ Report Date —

IVV ISHARES CORE S&P 500 ETF 0.2%

Value $3.161M Shares 4,128 Share Price $765.85 Est. Cost/Share $359.41 Unrealized @ Report Date +113.1%

COPX GLOBAL X COPPER MINERS ETF 0.0%

Value $629K Shares 7,425 Share Price $84.70 Est. Cost/Share $46.57 Unrealized @ Report Date +81.9%

FITB FIFTH THIRD BANCORP COM 0.0%

Value $461K Shares 9,108 Share Price $50.58 Est. Cost/Share $16.48 Unrealized @ Report Date +207.0%

IJH ISHARES CORE S&P MID-CAP ETF 0.1%

Value $698K Shares 9,701 Share Price $71.95 Est. Cost/Share $57.51 Unrealized @ Report Date +25.1%

— FEDERAL NATL MTG ASSN PFD 5.10 E 0.0%

Value $121K Shares 11,000 Share Price $11.00 Est. Cost/Share $24.00 Unrealized @ Report Date —

HBAN HUNTINGTON BANCSHARES INC COM 0.0%

Value $212K Shares 13,916 Share Price $15.26 Est. Cost/Share $17.08 Unrealized @ Report Date -10.7%

FHN FIRST HORIZON CORPORATION COM 0.0%

Value $295K Shares 12,806 Share Price $23.02 Est. Cost/Share $14.16 Unrealized @ Report Date +62.6%

RF REGIONS FINANCIAL CORP NEW COM 0.0%

Value $267K Shares 9,927 Share Price $26.88 Est. Cost/Share $20.93 Unrealized @ Report Date +28.4%

CSCO CISCO SYS INC COM 0.0%

Value $351K Shares 3,257 Share Price $107.63 Est. Cost/Share $61.79 Unrealized @ Report Date +74.2%

GS GOLDMAN SACHS GROUP INC COM 0.0%

Value $242K Shares 269 Share Price $900.36 Est. Cost/Share $734.84 Unrealized @ Report Date +22.5%

VOOG VANGUARD S&P 500 GROWTH ETF 0.1%

Value $853K Shares 9,978 Share Price $85.48 Est. Cost/Share $75.39 Unrealized @ Report Date +13.4%

VOO VANGUARD S&P 500 ETF 0.1%

Value $1.336M Shares 1,907 Share Price $700.71 Est. Cost/Share $391.04 Unrealized @ Report Date +79.2%

DVY ISHARES SELECT DIVIDEND ETF 0.1%

Value $740K Shares 4,869 Share Price $152.07 Est. Cost/Share $95.98 Unrealized @ Report Date +58.4%

— FEDERAL NATL MTG ASSN PFD G VAR RATE 0.0%

Value $58,280 Shares 6,200 Share Price $9.40 Est. Cost/Share $22.25 Unrealized @ Report Date —

MO ALTRIA GROUP INC COM 0.0%

Value $242K Shares 3,588 Share Price $67.34 Est. Cost/Share $51.03 Unrealized @ Report Date +32.0%

ET ENERGY TRANSFER L P COM UT LTD PTN 0.0%

Value $489K Shares 24,720 Share Price $19.77 Est. Cost/Share $18.86 Unrealized @ Report Date —

— FEDERAL NATL MTG ASSN PFD6.75 SER Q 0.0%

Value $27,500 Shares 5,000 Share Price $5.50 Est. Cost/Share $14.75 Unrealized @ Report Date —

— FEDERAL NATL MTG ASSN PFD M 4.75 0.0%

Value $24,375 Shares 2,500 Share Price $9.75 Est. Cost/Share $25.50 Unrealized @ Report Date —

NFLX NETFLIX INC. COM 0.0%

Value $208K Shares 2,994 Share Price $69.58 Est. Cost/Share $98.91 Unrealized @ Report Date -29.7%

QUAL ISHARES MSCI USA QUALITY FACTOR ETF 0.0%

Value $504K Shares 2,270 Share Price $222.24 Est. Cost/Share $173.39 Unrealized @ Report Date +28.2%

MOAT VANECK MORNINGSTAR WIDE MOAT ETF 0.0%

Value $294K Shares 2,786 Share Price $105.69 Est. Cost/Share $91.44 Unrealized @ Report Date +15.6%

NXE NEXGEN ENERGY LTD COM 0.0%

Value $128K Shares 14,000 Share Price $9.12 Est. Cost/Share $7.66 Unrealized @ Report Date +19.1%

BRK/A BERKSHIRE HATHAWAY INC DEL CL A 0.1%

Value $1.494M Shares 2 Share Price $747005.00 Est. Cost/Share $485492.47 Unrealized @ Report Date +53.9%

VIG VANGUARD DIVIDEND APPRECIATION ETF 0.0%

Value $225K Shares 963 Share Price $233.31 Est. Cost/Share $210.40 Unrealized @ Report Date +10.9%

PG PROCTER & GAMBLE CO COM 0.0%

Value $258K Shares 1,776 Share Price $145.28 Est. Cost/Share $157.22 Unrealized @ Report Date -7.6%

PRF INVESCO RAFI US 1000 ETF 0.0%

Value $272K Shares 5,000 Share Price $54.43 Est. Cost/Share $39.21 Unrealized @ Report Date +38.8%

CGXU CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF 0.0%

Value $437K Shares 12,737 Share Price $34.29 Est. Cost/Share $20.75 Unrealized @ Report Date +65.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLTR	PALANTIR TECHNOLOGIES INC CL A	137,394	$25.7M	1.9%	$187.05	$18.64	+903.6%	Stock	69608A108
—	FEDERAL NATL MTG ASSN PFD8.25SER S	2,215,790	$16.51M	1.2%	$7.45	$16.52	—	Preferred	313586752
WMB	WILLIAMS COS INC COM	757,927	$51.52M	3.9%	$67.97	$19.01	+257.6%	Stock	969457100
NEE	NEXTERA ENERGY INC COM	355,050	$26.89M	2.0%	$75.74	$73.32	+3.3%	Stock	65339F101
MRK	MERCK & CO INC COM	270,888	$39.36M	3.0%	$145.31	$71.56	+103.1%	Stock	58933Y105
AMGN	AMGEN INC COM	58,581	$24.69M	1.9%	$421.51	$252.14	+67.2%	Stock	031162100
UPS	UNITED PARCEL SVCS INC CL B	234,063	$21.87M	1.7%	$93.44	$95.26	-1.9%	Stock	911312106
UNH	UNITEDHEALTH GROUP INC COM	59,277	$21.76M	1.6%	$367.08	$302.02	+21.5%	Stock	91324P102
DUK	DUKE ENERGY CORP NEW COM NEW	215,220	$24.54M	1.9%	$114.01	$105.17	+8.4%	Stock	26441C204
—	FEDERAL NATL MTG ASSN PFD O VAR RATE	438,227	$5.478M	0.4%	$12.50	$29.80	—	Preferred	313586794
TSM	TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS	68,900	$31.43M	2.4%	$456.19	$81.80	+457.7%	ADR	874039100
JNJ	JOHNSON & JOHNSON COM	136,910	$36.25M	2.7%	$264.74	$83.96	+215.3%	Stock	478160104
FBK	FB FINL CORP COM	342,809	$17.72M	1.3%	$51.70	$50.36	+2.7%	Stock	30257X104
AMZN	AMAZON COM INC COM	102,883	$25.63M	1.9%	$249.15	$139.57	+78.5%	Stock	023135106
HSY	HERSHEY CO COM	57,252	$9.023M	0.7%	$157.61	$91.89	+71.5%	Stock	427866108
RTX	RTX CORPORATION COM	153,565	$28.51M	2.2%	$185.65	$61.94	+199.7%	Stock	75513E101
KO	COCA COLA CO COM	181,278	$15.6M	1.2%	$86.08	$42.71	+101.6%	Stock	191216100
MGNR	AMERICAN BEACON GLG NATURAL RESOURCES ETF	614,101	$30.29M	2.3%	$49.32	$52.81	-6.6%	ETF	02368W408
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	41,264	$20.55M	1.6%	$497.95	$220.09	+126.2%	Stock	084670702
AMAT	APPLIED MATLS INC COM	884	$452K	0.0%	$511.38	$180.78	+182.9%	Stock	038222105
VRSN	VERISIGN INC COM	3,822	$1.078M	0.1%	$282.01	$216.20	+30.4%	Stock	92343E102
—	FEDERAL NATL MTG ASSN PFD7.625SER R	37,800	$234K	0.0%	$6.20	$14.85	—	Preferred	313586760
LOW	LOWES COS INC COM	2,002	$369K	0.0%	$184.29	$111.95	+64.6%	Stock	548661107
—	FEDERAL NATL MTG ASSN PFD L 5.125	17,500	$192K	0.0%	$10.99	$25.25	—	Preferred	313586844
IVV	ISHARES CORE S&P 500 ETF	4,128	$3.161M	0.2%	$765.85	$359.41	+113.1%	ETF	464287200
COPX	GLOBAL X COPPER MINERS ETF	7,425	$629K	0.0%	$84.70	$46.57	+81.9%	ETF	37954Y830
FITB	FIFTH THIRD BANCORP COM	9,108	$461K	0.0%	$50.58	$16.48	+207.0%	Stock	316773100
IJH	ISHARES CORE S&P MID-CAP ETF	9,701	$698K	0.1%	$71.95	$57.51	+25.1%	ETF	464287507
—	FEDERAL NATL MTG ASSN PFD 5.10 E	11,000	$121K	0.0%	$11.00	$24.00	—	Preferred	313586604
HBAN	HUNTINGTON BANCSHARES INC COM	13,916	$212K	0.0%	$15.26	$17.08	-10.7%	Stock	446150104
FHN	FIRST HORIZON CORPORATION COM	12,806	$295K	0.0%	$23.02	$14.16	+62.6%	Stock	320517105
RF	REGIONS FINANCIAL CORP NEW COM	9,927	$267K	0.0%	$26.88	$20.93	+28.4%	Stock	7591EP100
CSCO	CISCO SYS INC COM	3,257	$351K	0.0%	$107.63	$61.79	+74.2%	Stock	17275R102
GS	GOLDMAN SACHS GROUP INC COM	269	$242K	0.0%	$900.36	$734.84	+22.5%	Stock	38141G104
VOOG	VANGUARD S&P 500 GROWTH ETF	9,978	$853K	0.1%	$85.48	$75.39	+13.4%	ETF	921932505
VOO	VANGUARD S&P 500 ETF	1,907	$1.336M	0.1%	$700.71	$391.04	+79.2%	ETF	922908363
DVY	ISHARES SELECT DIVIDEND ETF	4,869	$740K	0.1%	$152.07	$95.98	+58.4%	ETF	464287168
—	FEDERAL NATL MTG ASSN PFD G VAR RATE	6,200	$58,280	0.0%	$9.40	$22.25	—	Preferred	313586802
MO	ALTRIA GROUP INC COM	3,588	$242K	0.0%	$67.34	$51.03	+32.0%	Stock	02209S103
ET	ENERGY TRANSFER L P COM UT LTD PTN	24,720	$489K	0.0%	$19.77	$18.86	—	Stock	29273V100
—	FEDERAL NATL MTG ASSN PFD6.75 SER Q	5,000	$27,500	0.0%	$5.50	$14.75	—	Preferred	313586778
—	FEDERAL NATL MTG ASSN PFD M 4.75	2,500	$24,375	0.0%	$9.75	$25.50	—	Preferred	313586836
NFLX	NETFLIX INC. COM	2,994	$208K	0.0%	$69.58	$98.91	-29.7%	Stock	64110L106
QUAL	ISHARES MSCI USA QUALITY FACTOR ETF	2,270	$504K	0.0%	$222.24	$173.39	+28.2%	ETF	46432F339
MOAT	VANECK MORNINGSTAR WIDE MOAT ETF	2,786	$294K	0.0%	$105.69	$91.44	+15.6%	ETF	92189F643
NXE	NEXGEN ENERGY LTD COM	14,000	$128K	0.0%	$9.12	$7.66	+19.1%	Stock	65340P106
BRK/A	BERKSHIRE HATHAWAY INC DEL CL A	2	$1.494M	0.1%	$747005.00	$485492.47	+53.9%	Stock	084670108
VIG	VANGUARD DIVIDEND APPRECIATION ETF	963	$225K	0.0%	$233.31	$210.40	+10.9%	ETF	921908844
PG	PROCTER & GAMBLE CO COM	1,776	$258K	0.0%	$145.28	$157.22	-7.6%	Stock	742718109
PRF	INVESCO RAFI US 1000 ETF	5,000	$272K	0.0%	$54.43	$39.21	+38.8%	ETF	46137V613
CGXU	CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF	12,737	$437K	0.0%	$34.29	$20.75	+65.3%	ETF	14019W109