Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	84,843	$13.29M	2.5%	$156.67	—	—	79466L302
FDXF	FEDEX FGHT HLDG CO INC	31,691	$4.785M	0.9%	$150.99	—	—	314352105
INTC	INTEL CORP	2,645	$369K	0.1%	$139.51	—	—	458140100
LRCX	LAM RESEARCH CORP	850	$368K	0.1%	$432.94	—	—	512807306
RKLB	ROCKET LAB CORPORATION	2,815	$286K	0.1%	$101.60	—	—	773121108
AFRM	AFFIRM HOLDINGS INC	3,426	$279K	0.1%	$81.44	—	—	00827B106
NBIS	NEBIUS GROUP N.V.	930	$257K	0.0%	$276.34	—	—	N97284108
MSFT	MICROSOFT CORP	540	$201K	0.0%	$372.22	—	—	594918104

Increased Positions (18)

BA BOEING CO 3.5%

Value $19.09M (+147.9%) Shares 88,185 (+128.0%) Est. Cost $226.15 Unrealized —

GOOGL ALPHABET INC 4.1%

Value $22.5M (+99.7%) Shares 62,966 (+60.7%) Est. Cost $321.18 Unrealized —

QRVO QORVO INC 2.8%

Value $14.95M (+25.2%) Shares 160,315 (+3.9%) Est. Cost $85.07 Unrealized —

AXGN AXOGEN INC 1.6%

Value $8.517M (+45.1%) Shares 184,385 (+4.1%) Est. Cost $25.44 Unrealized —

FOX FOX CORP 3.2%

Value $17.48M (+15.6%) Shares 373,105 (+31.0%) Est. Cost $34.04 Unrealized —

DHI D R HORTON INC 2.0%

Value $10.61M (+21.1%) Shares 65,165 (+2.0%) Est. Cost $124.05 Unrealized —

VZ VERIZON COMMUNICATIONS INC 1.8%

Value $9.775M (-14.4%) Shares 230,880 (+1.5%) Est. Cost $31.84 Unrealized —

PSX PHILLIPS 66 4.4%

Value $23.77M (-5.9%) Shares 140,587 (+1.4%) Est. Cost $79.43 Unrealized —

DVN DEVON ENERGY CORP NEW 1.5%

Value $8.143M (-14.1%) Shares 197,068 (+4.6%) Est. Cost $40.30 Unrealized —

LEA LEAR CORP 2.2%

Value $11.69M (+12.5%) Shares 87,170 (+1.6%) Est. Cost $87.35 Unrealized —

MDT MEDTRONIC PLC 2.6%

Value $13.99M (-8.4%) Shares 178,802 (+1.4%) Est. Cost $72.76 Unrealized —

AEP AMERICAN ELEC PWR CO INC 3.3%

Value $17.87M (+7.4%) Shares 130,598 (+2.9%) Est. Cost $65.40 Unrealized —

META META PLATFORMS INC 3.1%

Value $17.02M (+3.3%) Shares 30,222 (+5.0%) Est. Cost $610.12 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 3.0%

Value $16.28M (-2.9%) Shares 282,596 (+2.2%) Est. Cost $50.31 Unrealized —

VGT VANGUARD WORLD FD 0.1%

Value $503K (+38.6%) Shares 4,205 (+708.7%) Est. Cost $176.64 Unrealized —

IJR ISHARES TR 0.1%

Value $575K (+22.6%) Shares 3,880 (+2.9%) Est. Cost $106.40 Unrealized —

AMZN AMAZON COM INC 0.1%

Value $361K (+39.9%) Shares 1,515 (+22.2%) Est. Cost $198.32 Unrealized —

PSQ PROSHARES TR 0.1%

Value $625K (-2.2%) Shares 24,930 (+25.6%) Est. Cost $29.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BA	BOEING CO	88,185 (+128.0%)	$19.09M (+147.9%)	3.5%	$226.15	—	—	097023105
GOOGL	ALPHABET INC	62,966 (+60.7%)	$22.5M (+99.7%)	4.1%	$321.18	—	—	02079K305
QRVO	QORVO INC	160,315 (+3.9%)	$14.95M (+25.2%)	2.8%	$85.07	—	—	74736K101
AXGN	AXOGEN INC	184,385 (+4.1%)	$8.517M (+45.1%)	1.6%	$25.44	—	—	05463X106
FOX	FOX CORP	373,105 (+31.0%)	$17.48M (+15.6%)	3.2%	$34.04	—	—	35137L204
DHI	D R HORTON INC	65,165 (+2.0%)	$10.61M (+21.1%)	2.0%	$124.05	—	—	23331A109
VZ	VERIZON COMMUNICATIONS INC	230,880 (+1.5%)	$9.775M (-14.4%)	1.8%	$31.84	—	—	92343V104
PSX	PHILLIPS 66	140,587 (+1.4%)	$23.77M (-5.9%)	4.4%	$79.43	—	—	718546104
DVN	DEVON ENERGY CORP NEW	197,068 (+4.6%)	$8.143M (-14.1%)	1.5%	$40.30	—	—	25179M103
LEA	LEAR CORP	87,170 (+1.6%)	$11.69M (+12.5%)	2.2%	$87.35	—	—	521865204
MDT	MEDTRONIC PLC	178,802 (+1.4%)	$13.99M (-8.4%)	2.6%	$72.76	—	—	G5960L103
AEP	AMERICAN ELEC PWR CO INC	130,598 (+2.9%)	$17.87M (+7.4%)	3.3%	$65.40	—	—	025537101
META	META PLATFORMS INC	30,222 (+5.0%)	$17.02M (+3.3%)	3.1%	$610.12	—	—	30303M102
BMY	BRISTOL-MYERS SQUIBB CO	282,596 (+2.2%)	$16.28M (-2.9%)	3.0%	$50.31	—	—	110122108
VGT	VANGUARD WORLD FD	4,205 (+708.7%)	$503K (+38.6%)	0.1%	$176.64	—	—	92204A702
IJR	ISHARES TR	3,880 (+2.9%)	$575K (+22.6%)	0.1%	$106.40	—	—	464287804
AMZN	AMAZON COM INC	1,515 (+22.2%)	$361K (+39.9%)	0.1%	$198.32	—	—	023135106
PSQ	PROSHARES TR	24,930 (+25.6%)	$625K (-2.2%)	0.1%	$29.54	—	—	74349Y837

Exited Positions (4)

COP CONOCOPHILLIPS 0.2%

Value $974K Shares 7,376 Est. Cost $102.31 Unrealized —

BKR BAKER HUGHES COMPANY 0.1%

Value $556K Shares 9,100 Est. Cost $28.23 Unrealized —

USAC USA COMPRESSION PARTNERS LP 0.1%

Value $319K Shares 11,750 Est. Cost $26.86 Unrealized —

HPQ HP INC 0.0%

Value $231K Shares 12,000 Est. Cost $21.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COP	CONOCOPHILLIPS	7,376	$974K	0.2%	$102.31	—	—	20825C104
BKR	BAKER HUGHES COMPANY	9,100	$556K	0.1%	$28.23	—	—	05722G100
USAC	USA COMPRESSION PARTNERS LP	11,750	$319K	0.1%	$26.86	—	—	90290N109
HPQ	HP INC	12,000	$231K	0.0%	$21.01	—	—	40434L105

Decreased Positions (14)

URI UNITED RENTALS INC 6.1%

Value $32.82M (+53.4%) Shares 28,971 (-1.3%) Est. Cost $224.09 Unrealized —

AMAT APPLIED MATLS INC 5.6%

Value $30.5M (+31.8%) Shares 42,185 (-37.7%) Est. Cost $117.19 Unrealized —

MLI MUELLER INDS INC 1.2%

Value $6.501M (-46.7%) Shares 105,751 (-4.0%) Est. Cost $31.82 Unrealized —

CVS CVS HEALTH CORP 2.7%

Value $14.54M (+41.0%) Shares 140,557 (-2.1%) Est. Cost $67.83 Unrealized —

ALL ALLSTATE CORP 3.9%

Value $21.02M (+12.7%) Shares 88,346 (-1.8%) Est. Cost $76.97 Unrealized —

NEM NEWMONT CORP 1.3%

Value $7.089M (-22.4%) Shares 75,900 (-10.1%) Est. Cost $40.92 Unrealized —

USFR WISDOMTREE TR 0.8%

Value $4.147M (-28.7%) Shares 82,361 (-28.7%) Est. Cost $50.32 Unrealized —

ON ON SEMICONDUCTOR CORP 2.9%

Value $15.64M (-8.4%) Shares 165,455 (-40.0%) Est. Cost $51.30 Unrealized —

PYPL PAYPAL HLDGS INC 1.8%

Value $9.744M (-6.1%) Shares 225,652 (-1.6%) Est. Cost $71.08 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.8%

Value $4.592M (+13.6%) Shares 6,149 (-1.1%) Est. Cost $269.51 Unrealized —

ORCL ORACLE CORP 2.0%

Value $10.96M (-3.2%) Shares 74,770 (-2.9%) Est. Cost $62.01 Unrealized —

GILD GILEAD SCIENCES INC 0.1%

Value $531K (-38.5%) Shares 4,200 (-32.3%) Est. Cost $63.78 Unrealized —

EWJ ISHARES INC 0.1%

Value $700K (+3.6%) Shares 7,505 (-6.2%) Est. Cost $59.66 Unrealized —

EWG ISHARES INC 0.1%

Value $647K (-2.0%) Shares 15,630 (-6.0%) Est. Cost $28.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
URI	UNITED RENTALS INC	28,971 (-1.3%)	$32.82M (+53.4%)	6.1%	$224.09	—	—	911363109
AMAT	APPLIED MATLS INC	42,185 (-37.7%)	$30.5M (+31.8%)	5.6%	$117.19	—	—	038222105
MLI	MUELLER INDS INC	105,751 (-4.0%)	$6.501M (-46.7%)	1.2%	$31.82	—	—	624756102
CVS	CVS HEALTH CORP	140,557 (-2.1%)	$14.54M (+41.0%)	2.7%	$67.83	—	—	126650100
ALL	ALLSTATE CORP	88,346 (-1.8%)	$21.02M (+12.7%)	3.9%	$76.97	—	—	020002101
NEM	NEWMONT CORP	75,900 (-10.1%)	$7.089M (-22.4%)	1.3%	$40.92	—	—	651639106
USFR	WISDOMTREE TR	82,361 (-28.7%)	$4.147M (-28.7%)	0.8%	$50.32	—	—	97717Y527
ON	ON SEMICONDUCTOR CORP	165,455 (-40.0%)	$15.64M (-8.4%)	2.9%	$51.30	—	—	682189105
PYPL	PAYPAL HLDGS INC	225,652 (-1.6%)	$9.744M (-6.1%)	1.8%	$71.08	—	—	70450Y103
SPY	STATE STR SPDR S&P 500 ETF T	6,149 (-1.1%)	$4.592M (+13.6%)	0.8%	$269.51	—	—	78462F103
ORCL	ORACLE CORP	74,770 (-2.9%)	$10.96M (-3.2%)	2.0%	$62.01	—	—	68389X105
GILD	GILEAD SCIENCES INC	4,200 (-32.3%)	$531K (-38.5%)	0.1%	$63.78	—	—	375558103
EWJ	ISHARES INC	7,505 (-6.2%)	$700K (+3.6%)	0.1%	$59.66	—	—	46434G822
EWG	ISHARES INC	15,630 (-6.0%)	$647K (-2.0%)	0.1%	$28.80	—	—	464286806

Unchanged Positions (23)

CSCO CISCO SYS INC 5.0%

Value $27.08M Shares 230,555 Est. Cost $37.02 Unrealized —

VMI VALMONT INDS INC 3.8%

Value $20.35M Shares 35,228 Est. Cost $210.74 Unrealized —

CVX CHEVRON CORPORATION 3.8%

Value $20.54M Shares 123,931 Est. Cost $84.70 Unrealized —

FDX FEDEX CORP 3.7%

Value $19.85M Shares 63,381 Est. Cost $163.29 Unrealized —

CAG CONAGRA BRANDS INC 2.2%

Value $12M Shares 891,364 Est. Cost $23.25 Unrealized —

QQQ INVESCO QQQ TR 0.5%

Value $2.651M Shares 3,600 Est. Cost $311.82 Unrealized —

GLD SPDR GOLD TR 0.4%

Value $2.406M Shares 6,530 Est. Cost $430.32 Unrealized —

IVV ISHARES TR 0.4%

Value $2.392M Shares 3,194 Est. Cost $387.17 Unrealized —

RTX RTX CORPORATION 5.2%

Value $28.37M Shares 149,511 Est. Cost $67.07 Unrealized —

VTI VANGUARD INDEX FDS 0.3%

Value $1.433M Shares 3,873 Est. Cost $313.81 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.3%

Value $1.577M Shares 10,050 Est. Cost $138.77 Unrealized —

EMXC ISHARES INC 0.2%

Value $834K Shares 8,155 Est. Cost $58.57 Unrealized —

DES WISDOMTREE TR 0.3%

Value $1.631M Shares 40,105 Est. Cost $32.13 Unrealized —

AVEM AMERICAN CENTY ETF TR 0.2%

Value $962K Shares 9,975 Est. Cost $68.58 Unrealized —

VGK VANGUARD INTL EQUITY INDEX F 0.4%

Value $2.144M Shares 24,212 Est. Cost $55.42 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.3%

Value $1.414M Shares 23,658 Est. Cost $44.97 Unrealized —

IDEV ISHARES TR 0.3%

Value $1.595M Shares 17,920 Est. Cost $56.64 Unrealized —

AAPL APPLE INC 0.1%

Value $633K Shares 2,189 Est. Cost $157.75 Unrealized —

VPL VANGUARD INTL EQUITY INDEX F 0.1%

Value $420K Shares 3,630 Est. Cost $75.02 Unrealized —

IJH ISHARES TR 0.0%

Value $258K Shares 3,350 Est. Cost $62.09 Unrealized —

SOFI SOFI TECHNOLOGIES INC 0.0%

Value $233K Shares 13,000 Est. Cost $23.28 Unrealized —

FLIN FRANKLIN TEMPLETON ETF TR 0.0%

Value $248K Shares 6,960 Est. Cost $39.60 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $234K Shares 250 Est. Cost $970.56 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSCO	CISCO SYS INC	230,555	$27.08M	5.0%	$37.02	—	—	17275R102
VMI	VALMONT INDS INC	35,228	$20.35M	3.8%	$210.74	—	—	920253101
CVX	CHEVRON CORPORATION	123,931	$20.54M	3.8%	$84.70	—	—	166764100
FDX	FEDEX CORP	63,381	$19.85M	3.7%	$163.29	—	—	31428X106
CAG	CONAGRA BRANDS INC	891,364	$12M	2.2%	$23.25	—	—	205887102
QQQ	INVESCO QQQ TR	3,600	$2.651M	0.5%	$311.82	—	—	46090E103
GLD	SPDR GOLD TR	6,530	$2.406M	0.4%	$430.32	—	—	78463V107
IVV	ISHARES TR	3,194	$2.392M	0.4%	$387.17	—	—	464287200
RTX	RTX CORPORATION	149,511	$28.37M	5.2%	$67.07	—	—	75513E101
VTI	VANGUARD INDEX FDS	3,873	$1.433M	0.3%	$313.81	—	—	922908769
VT	VANGUARD INTL EQUITY INDEX F	10,050	$1.577M	0.3%	$138.77	—	—	922042742
EMXC	ISHARES INC	8,155	$834K	0.2%	$58.57	—	—	46434G764
DES	WISDOMTREE TR	40,105	$1.631M	0.3%	$32.13	—	—	97717W604
AVEM	AMERICAN CENTY ETF TR	9,975	$962K	0.2%	$68.58	—	—	025072604
VGK	VANGUARD INTL EQUITY INDEX F	24,212	$2.144M	0.4%	$55.42	—	—	922042874
VWO	VANGUARD INTL EQUITY INDEX F	23,658	$1.414M	0.3%	$44.97	—	—	922042858
IDEV	ISHARES TR	17,920	$1.595M	0.3%	$56.64	—	—	46435G326
AAPL	APPLE INC	2,189	$633K	0.1%	$157.75	—	—	037833100
VPL	VANGUARD INTL EQUITY INDEX F	3,630	$420K	0.1%	$75.02	—	—	922042866
IJH	ISHARES TR	3,350	$258K	0.0%	$62.09	—	—	464287507
SOFI	SOFI TECHNOLOGIES INC	13,000	$233K	0.0%	$23.28	—	—	83406F102
FLIN	FRANKLIN TEMPLETON ETF TR	6,960	$248K	0.0%	$39.60	—	—	35473P769
COST	COSTCO WHOLESALE CORPORATION	250	$234K	0.0%	$970.56	—	—	22160K105