Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAT	Caterpillar Inc	1,003	$1.068M	0.6%	$1064.90	—	Common Stock	149123101
—	Lam Research Co	1,750	$758K	0.5%	$433.33	—	Common Stock	512807108
FCX	Freeport Mcmorn	10,823	$681K	0.4%	$62.89	—	Common Stock	35671D857
GEV	Ge Vernova Inc	568	$667K	0.4%	$1174.86	—	Common Stock	36828A101
INTC	Intel Corp	4,742	$662K	0.4%	$139.63	—	Common Stock	458140100
SLB	Schlumberger Ltd	7,887	$367K	0.2%	$46.49	—	Common Stock	806857108
WMB	Williams Companies	3,547	$264K	0.2%	$74.34	—	Common Stock	969457100
—	Merck & Co Inc	1,596	$205K	0.1%	$128.50	—	Common Stock	589331107

Increased Positions (24)

TLT TLT 7.5%

Value $12.61M (+31.4%) Shares 145,874 (+31.8%) Est. Cost $87.56 Unrealized —

AGG Ishares Tr Lehman Bd Fd 7.4%

Value $12.42M (+28.1%) Shares 125,476 (+28.5%) Est. Cost $98.08 Unrealized —

IEF IEF 7.4%

Value $12.39M (+27.5%) Shares 131,067 (+28.7%) Est. Cost $93.77 Unrealized —

JNJ Johnson & Johnson 0.8%

Value $1.383M (-62.3%) Shares 17,259 (+15.1%) Est. Cost $141.28 Unrealized —

META Facebook Inc Class A 4.1%

Value $6.802M (+50.0%) Shares 12,076 (+52.4%) Est. Cost $592.26 Unrealized —

MSFT Microsoft Corp 3.4%

Value $5.677M (+40.3%) Shares 15,220 (+39.3%) Est. Cost $408.84 Unrealized —

UNH Unitedhealth Group Inc 2.2%

Value $3.7M (+71.7%) Shares 8,901 (+11.8%) Est. Cost $425.18 Unrealized —

HD Home Depot Inc 2.0%

Value $3.377M (+60.9%) Shares 9,576 (+50.0%) Est. Cost $380.97 Unrealized —

ADBE Adobe Systems Inc 1.6%

Value $2.633M (+67.1%) Shares 12,841 (+98.2%) Est. Cost $330.06 Unrealized —

PG Procter & Gamble 1.9%

Value $3.12M (+49.8%) Shares 21,274 (+47.6%) Est. Cost $158.66 Unrealized —

AMZN AMAZON 3.1%

Value $5.189M (+23.3%) Shares 21,770 (+7.7%) Est. Cost $209.34 Unrealized —

SPG Simon Ppty Group New 2.2%

Value $3.669M (+31.6%) Shares 16,406 (+9.8%) Est. Cost $170.18 Unrealized —

V Visa Inc Cl A 1.8%

Value $3.042M (+34.8%) Shares 8,866 (+18.7%) Est. Cost $306.83 Unrealized —

JPM Jpmorgan Chase & Co 2.2%

Value $3.749M (+24.3%) Shares 11,454 (+11.7%) Est. Cost $238.47 Unrealized —

BLK Blackrock Inc 1.9%

Value $3.135M (+26.6%) Shares 3,260 (+26.6%) Est. Cost $984.08 Unrealized —

APD Air Prod & Chemicals 1.8%

Value $2.949M (+20.2%) Shares 10,057 (+19.1%) Est. Cost $300.90 Unrealized —

AMGN Amgen Incorporated 2.0%

Value $3.34M (+15.7%) Shares 9,222 (+12.4%) Est. Cost $294.19 Unrealized —

MCD Mc Donalds Corp 1.7%

Value $2.815M (+13.7%) Shares 10,414 (+30.8%) Est. Cost $286.02 Unrealized —

— Duke Energy Corp New 1.8%

Value $3.02M (+10.5%) Shares 23,860 (+14.3%) Est. Cost $110.82 Unrealized —

COST Costco Whsl Corp New 1.7%

Value $2.802M (+10.4%) Shares 2,995 (+17.6%) Est. Cost $925.10 Unrealized —

RUN Sunrun 0.8%

Value $1.284M (+21.5%) Shares 95,946 (+23.1%) Est. Cost $13.83 Unrealized —

VZ Verizon Communications 1.6%

Value $2.746M (-7.4%) Shares 64,862 (+9.8%) Est. Cost $39.95 Unrealized —

LMT Lockheed Martin Corp 2.3%

Value $3.849M (-3.2%) Shares 7,555 (+14.8%) Est. Cost $499.51 Unrealized —

PFE Pfizer Incorporated 1.7%

Value $2.812M (-3.0%) Shares 116,761 (+13.1%) Est. Cost $24.43 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLT	TLT	145,874 (+31.8%)	$12.61M (+31.4%)	7.5%	$87.56	—	ETF	464287432
AGG	Ishares Tr Lehman Bd Fd	125,476 (+28.5%)	$12.42M (+28.1%)	7.4%	$98.08	—	Common Stock	464287226
IEF	IEF	131,067 (+28.7%)	$12.39M (+27.5%)	7.4%	$93.77	—	ETF	464287440
JNJ	Johnson & Johnson	17,259 (+15.1%)	$1.383M (-62.3%)	0.8%	$141.28	—	Common Stock	478160104
META	Facebook Inc Class A	12,076 (+52.4%)	$6.802M (+50.0%)	4.1%	$592.26	—	Common Stock	30303M102
MSFT	Microsoft Corp	15,220 (+39.3%)	$5.677M (+40.3%)	3.4%	$408.84	—	Common Stock	594918104
UNH	Unitedhealth Group Inc	8,901 (+11.8%)	$3.7M (+71.7%)	2.2%	$425.18	—	Common Stock	91324P102
HD	Home Depot Inc	9,576 (+50.0%)	$3.377M (+60.9%)	2.0%	$380.97	—	Common Stock	437076102
ADBE	Adobe Systems Inc	12,841 (+98.2%)	$2.633M (+67.1%)	1.6%	$330.06	—	Common Stock	00724F101
PG	Procter & Gamble	21,274 (+47.6%)	$3.12M (+49.8%)	1.9%	$158.66	—	Common Stock	742718109
AMZN	AMAZON	21,770 (+7.7%)	$5.189M (+23.3%)	3.1%	$209.34	—	Common Stock	023135106
SPG	Simon Ppty Group New	16,406 (+9.8%)	$3.669M (+31.6%)	2.2%	$170.18	—	Common Stock	828806109
V	Visa Inc Cl A	8,866 (+18.7%)	$3.042M (+34.8%)	1.8%	$306.83	—	Common Stock	92826C839
JPM	Jpmorgan Chase & Co	11,454 (+11.7%)	$3.749M (+24.3%)	2.2%	$238.47	—	Common Stock	46625H100
BLK	Blackrock Inc	3,260 (+26.6%)	$3.135M (+26.6%)	1.9%	$984.08	—	Common Stock	09290D101
APD	Air Prod & Chemicals	10,057 (+19.1%)	$2.949M (+20.2%)	1.8%	$300.90	—	Common Stock	009158106
AMGN	Amgen Incorporated	9,222 (+12.4%)	$3.34M (+15.7%)	2.0%	$294.19	—	Common Stock	031162100
MCD	Mc Donalds Corp	10,414 (+30.8%)	$2.815M (+13.7%)	1.7%	$286.02	—	Common Stock	580135101
—	Duke Energy Corp New	23,860 (+14.3%)	$3.02M (+10.5%)	1.8%	$110.82	—	Common Stock	26441C105
COST	Costco Whsl Corp New	2,995 (+17.6%)	$2.802M (+10.4%)	1.7%	$925.10	—	Common Stock	22160K105
RUN	Sunrun	95,946 (+23.1%)	$1.284M (+21.5%)	0.8%	$13.83	—	Common Stock	86771W105
VZ	Verizon Communications	64,862 (+9.8%)	$2.746M (-7.4%)	1.6%	$39.95	—	Common Stock	92343V104
LMT	Lockheed Martin Corp	7,555 (+14.8%)	$3.849M (-3.2%)	2.3%	$499.51	—	Common Stock	539830109
PFE	Pfizer Incorporated	116,761 (+13.1%)	$2.812M (-3.0%)	1.7%	$24.43	—	Common Stock	717081103

Exited Positions (2)

— Dell Inc 0.5%

Value $829K Shares 5,051 Est. Cost $113.97 Unrealized —

SOLS Solstice Adv Matls 0.2%

Value $287K Shares 3,764 Est. Cost $47.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Dell Inc	5,051	$829K	0.5%	$113.97	—	—	24702R101
SOLS	Solstice Adv Matls	3,764	$287K	0.2%	$47.08	—	—	83443Q103

Decreased Positions (13)

— Streettracks Gold TRUST 3.8%

Value $6.298M (-19.5%) Shares 17,096 (-6.0%) Est. Cost $242.13 Unrealized —

GOOGL Alphabet Inc. 4.7%

Value $7.833M (-15.9%) Shares 20,658 (-36.2%) Est. Cost $183.94 Unrealized —

SCHX Schwab US Large Cap Etf 2.5%

Value $4.228M (-22.0%) Shares 143,676 (-32.1%) Est. Cost $23.19 Unrealized —

XOM Exxon Mobil Corporation 2.7%

Value $4.571M (-20.3%) Shares 33,433 (-1.1%) Est. Cost $110.03 Unrealized —

HON Honeywell International 1.5%

Value $2.542M (-28.8%) Shares 11,352 (-28.1%) Est. Cost $204.57 Unrealized —

SDS Proshares UltraShort 0.1%

Value $237K (-81.1%) Shares 3,518 (-78.9%) Est. Cost $75.25 Unrealized —

AAPL Apple Computer Inc 4.7%

Value $7.856M (+10.2%) Shares 27,148 (-3.3%) Est. Cost $233.59 Unrealized —

GS Goldman Sachs Group Inc 2.8%

Value $4.719M (+16.8%) Shares 4,604 (-2.3%) Est. Cost $546.46 Unrealized —

NVDA Nvidia Corp 5.3%

Value $8.87M (+6.0%) Shares 44,331 (-7.6%) Est. Cost $136.27 Unrealized —

— Broadcom Ltd 1.9%

Value $3.121M (-11.2%) Shares 8,261 (-27.2%) Est. Cost $275.65 Unrealized —

TSLA Telsa Motors Inc 0.1%

Value $247K (-25.1%) Shares 587 (-33.8%) Est. Cost $303.38 Unrealized —

VTSAX Vanguard Total Stock Mkt 0.2%

Value $401K (-7.8%) Shares 2,224 (-20.1%) Est. Cost $104.40 Unrealized —

SPY SPDR Trust Unit SR 0.2%

Value $254K (-10.0%) Shares 340 (-97.3%) Est. Cost $22.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Streettracks Gold TRUST	17,096 (-6.0%)	$6.298M (-19.5%)	3.8%	$242.13	—	Common Stock	863307104
GOOGL	Alphabet Inc.	20,658 (-36.2%)	$7.833M (-15.9%)	4.7%	$183.94	—	Common Stock	02079K305
SCHX	Schwab US Large Cap Etf	143,676 (-32.1%)	$4.228M (-22.0%)	2.5%	$23.19	—	ETF	808524201
XOM	Exxon Mobil Corporation	33,433 (-1.1%)	$4.571M (-20.3%)	2.7%	$110.03	—	Common Stock	30231G102
HON	Honeywell International	11,352 (-28.1%)	$2.542M (-28.8%)	1.5%	$204.57	—	Common Stock	438516106
SDS	Proshares UltraShort	3,518 (-78.9%)	$237K (-81.1%)	0.1%	$75.25	—	ETF	74350P667
AAPL	Apple Computer Inc	27,148 (-3.3%)	$7.856M (+10.2%)	4.7%	$233.59	—	Common Stock	037833100
GS	Goldman Sachs Group Inc	4,604 (-2.3%)	$4.719M (+16.8%)	2.8%	$546.46	—	Common Stock	38141G104
NVDA	Nvidia Corp	44,331 (-7.6%)	$8.87M (+6.0%)	5.3%	$136.27	—	Common Stock	67066G104
—	Broadcom Ltd	8,261 (-27.2%)	$3.121M (-11.2%)	1.9%	$275.65	—	Common Stock	Y09827109
TSLA	Telsa Motors Inc	587 (-33.8%)	$247K (-25.1%)	0.1%	$303.38	—	Common Stock	88160R101
VTSAX	Vanguard Total Stock Mkt	2,224 (-20.1%)	$401K (-7.8%)	0.2%	$104.40	—	Common Stock	922908728
SPY	SPDR Trust Unit SR	340 (-97.3%)	$254K (-10.0%)	0.2%	$22.21	—	ETF	78462F103

Unchanged Positions (2)

URI United Rentals Inc 1.6%

Value $2.661M Shares 2,349 Est. Cost $804.87 Unrealized —

ADMT A D M Tronics Unltd Inc 0.0%

Value $4,182 Shares 83,640 Est. Cost $0.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
URI	United Rentals Inc	2,349	$2.661M	1.6%	$804.87	—	Common Stock	911363109
ADMT	A D M Tronics Unltd Inc	83,640	$4,182	0.0%	$0.08	—	Common Stock	001004100