Rench Wealth Management, Inc. Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	1,275	$730	0.2%	$655.57	0.0%	CL A	30303M102
FFIV	F5 INC	1,800	$521	0.2%	$272.46	0.0%	COM	315616102
D	DOMINION ENERGY INC	5,172	$320	0.1%	$61.62	0.0%	COM	25746U109
CAT	CATERPILLAR INC	341	$241	0.1%	$684.39	0.0%	COM	149123101
GOOGL	ALPHABET INC	717	$206	0.1%	$323.29	0.0%	CAP STK CL A	02079K305
SPDW	SPDR INDEX SHS FDS	4,417	$202	0.1%	$45.65	—	STATE STREET SPD	78463X889

Increased Positions (12)

AJG GALLAGHER ARTHUR J & CO 3.4%

Value ($000) $11,213 (-15.3%) Shares 51,772 (+1.2%) Est. Cost $69.37 Unrealized +246.6%

CVX CHEVRON CORPORATION 2.1%

Value ($000) $6,936 (+37.2%) Shares 33,526 (+1.1%) Est. Cost $95.20 Unrealized +80.5%

INTU INTUIT 1.1%

Value ($000) $3,669 (-33.8%) Shares 8,485 (+1.4%) Est. Cost $632.31 Unrealized -21.3%

AMZN AMAZON COM INC 3.4%

Value ($000) $11,281 (-8.9%) Shares 54,167 (+1.0%) Est. Cost $134.57 Unrealized +68.6%

BA BOEING CO 1.3%

Value ($000) $4,287 (-7.3%) Shares 21,541 (+1.2%) Est. Cost $161.94 Unrealized +47.3%

T AT&T INC 0.1%

Value ($000) $463 (+112.9%) Shares 15,961 (+82.4%) Est. Cost $23.43 Unrealized +9.9%

BSX BOSTON SCIENTIFIC CORP 0.4%

Value ($000) $1,375 (-11.2%) Shares 21,919 (+35.0%) Est. Cost $96.10 Unrealized -10.7%

SPGI S&P GLOBAL INC 0.4%

Value ($000) $1,350 (+14.4%) Shares 3,175 (+40.5%) Est. Cost $497.26 Unrealized -2.4%

TMO THERMO FISHER SCIENTIFIC INC 0.4%

Value ($000) $1,215 (+8.2%) Shares 2,472 (+27.6%) Est. Cost $535.69 Unrealized +7.3%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $349 (+28.6%) Shares 604 (+36.7%) Est. Cost $486.39 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $322 (+22.5%) Shares 867 (+48.2%) Est. Cost $372.58 Unrealized +14.3%

DHI D R HORTON INC 0.9%

Value ($000) $2,903 (-1.2%) Shares 21,157 (+3.7%) Est. Cost $149.10 Unrealized +4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AJG	GALLAGHER ARTHUR J & CO	51,772 (+1.2%)	$11,213 (-15.3%)	3.4%	$69.37	+246.6%	COM	363576109
CVX	CHEVRON CORPORATION	33,526 (+1.1%)	$6,936 (+37.2%)	2.1%	$95.20	+80.5%	COM	166764100
INTU	INTUIT	8,485 (+1.4%)	$3,669 (-33.8%)	1.1%	$632.31	-21.3%	COM	461202103
AMZN	AMAZON COM INC	54,167 (+1.0%)	$11,281 (-8.9%)	3.4%	$134.57	+68.6%	COM	023135106
BA	BOEING CO	21,541 (+1.2%)	$4,287 (-7.3%)	1.3%	$161.94	+47.3%	COM	097023105
T	AT&T INC	15,961 (+82.4%)	$463 (+112.9%)	0.1%	$23.43	+9.9%	COM	00206R102
BSX	BOSTON SCIENTIFIC CORP	21,919 (+35.0%)	$1,375 (-11.2%)	0.4%	$96.10	-10.7%	COM	101137107
SPGI	S&P GLOBAL INC	3,175 (+40.5%)	$1,350 (+14.4%)	0.4%	$497.26	-2.4%	COM	78409V104
TMO	THERMO FISHER SCIENTIFIC INC	2,472 (+27.6%)	$1,215 (+8.2%)	0.4%	$535.69	+7.3%	COM	883556102
QQQ	INVESCO QQQ TR	604 (+36.7%)	$349 (+28.6%)	0.1%	$486.39	—	UNIT SER 1	46090E103
TSLA	TESLA INC	867 (+48.2%)	$322 (+22.5%)	0.1%	$372.58	+14.3%	COM	88160R101
DHI	D R HORTON INC	21,157 (+3.7%)	$2,903 (-1.2%)	0.9%	$149.10	+4.6%	COM	23331A109

Decreased Positions (18)

SPY STATE STR SPDR S&P 500 ETF T 0.2%

Value ($000) $751 (-92.0%) Shares 1,155 (-16.4%) Est. Cost $6819.20 Unrealized —

NVDA NVIDIA CORPORATION 9.3%

Value ($000) $30,859 (-10.0%) Shares 176,943 (-3.8%) Est. Cost $93.19 Unrealized +100.3%

AMAT APPLIED MATLS INC 3.3%

Value ($000) $10,851 (+29.1%) Shares 31,749 (-2.9%) Est. Cost $127.40 Unrealized +156.3%

LRCX LAM RESEARCH CORP 4.6%

Value ($000) $15,287 (+17.1%) Shares 71,546 (-6.2%) Est. Cost $78.11 Unrealized +189.3%

GOOG ALPHABET INC 4.8%

Value ($000) $15,985 (-10.2%) Shares 55,725 (-1.8%) Est. Cost $121.13 Unrealized +167.2%

JPM JPMORGAN CHASE & CO 4.2%

Value ($000) $13,990 (-10.3%) Shares 47,559 (-1.8%) Est. Cost $81.38 Unrealized +282.7%

JNJ JOHNSON & JOHNSON 3.7%

Value ($000) $12,295 (+11.0%) Shares 50,298 (-6.0%) Est. Cost $97.24 Unrealized +134.3%

ETR ENTERGY CORP NEW 2.3%

Value ($000) $7,763 (+17.6%) Shares 69,092 (-3.2%) Est. Cost $51.54 Unrealized +88.9%

LHX L3HARRIS TECHNOLOGIES INC 2.8%

Value ($000) $9,386 (+12.7%) Shares 27,195 (-4.1%) Est. Cost $192.83 Unrealized +78.0%

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $3,275 (-23.1%) Shares 12,105 (-6.2%) Est. Cost $471.64 Unrealized -34.5%

NEE NEXTERA ENERGY INC 2.1%

Value ($000) $6,963 (+14.5%) Shares 74,967 (-1.0%) Est. Cost $58.17 Unrealized +49.8%

ELV ELEVANCE HEALTH INC FORMERLY 0.8%

Value ($000) $2,714 (-22.7%) Shares 9,270 (-7.4%) Est. Cost $478.56 Unrealized -26.5%

DPZ DOMINOS PIZZA INC 1.1%

Value ($000) $3,815 (-17.1%) Shares 10,633 (-3.7%) Est. Cost $426.40 Unrealized -6.0%

MRK MERCK & CO INC 1.6%

Value ($000) $5,253 (+10.8%) Shares 43,671 (-3.1%) Est. Cost $49.77 Unrealized +129.6%

VZ VERIZON COMMUNICATIONS INC 1.1%

Value ($000) $3,610 (+9.4%) Shares 71,915 (-11.3%) Est. Cost $32.32 Unrealized +35.6%

CSCO CISCO SYS INC 1.7%

Value ($000) $5,579 (-1.4%) Shares 71,907 (-2.1%) Est. Cost $28.78 Unrealized +170.7%

SCHD SCHWAB STRATEGIC TR 0.2%

Value ($000) $822 (+10.2%) Shares 26,808 (-1.5%) Est. Cost $35.12 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $300 (+5.4%) Shares 1,934 (-2.6%) Est. Cost $79.97 Unrealized +93.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	1,155 (-16.4%)	$751 (-92.0%)	0.2%	$6819.20	—	TR UNIT	78462F103
NVDA	NVIDIA CORPORATION	176,943 (-3.8%)	$30,859 (-10.0%)	9.3%	$93.19	+100.3%	COM	67066G104
AMAT	APPLIED MATLS INC	31,749 (-2.9%)	$10,851 (+29.1%)	3.3%	$127.40	+156.3%	COM	038222105
LRCX	LAM RESEARCH CORP	71,546 (-6.2%)	$15,287 (+17.1%)	4.6%	$78.11	+189.3%	COM NEW	512807306
GOOG	ALPHABET INC	55,725 (-1.8%)	$15,985 (-10.2%)	4.8%	$121.13	+167.2%	CAP STK CL C	02079K107
JPM	JPMORGAN CHASE & CO	47,559 (-1.8%)	$13,990 (-10.3%)	4.2%	$81.38	+282.7%	COM	46625H100
JNJ	JOHNSON & JOHNSON	50,298 (-6.0%)	$12,295 (+11.0%)	3.7%	$97.24	+134.3%	COM	478160104
ETR	ENTERGY CORP NEW	69,092 (-3.2%)	$7,763 (+17.6%)	2.3%	$51.54	+88.9%	COM	29364G103
LHX	L3HARRIS TECHNOLOGIES INC	27,195 (-4.1%)	$9,386 (+12.7%)	2.8%	$192.83	+78.0%	COM	502431109
UNH	UNITEDHEALTH GROUP INC	12,105 (-6.2%)	$3,275 (-23.1%)	1.0%	$471.64	-34.5%	COM	91324P102
NEE	NEXTERA ENERGY INC	74,967 (-1.0%)	$6,963 (+14.5%)	2.1%	$58.17	+49.8%	COM	65339F101
ELV	ELEVANCE HEALTH INC FORMERLY	9,270 (-7.4%)	$2,714 (-22.7%)	0.8%	$478.56	-26.5%	COM	036752103
DPZ	DOMINOS PIZZA INC	10,633 (-3.7%)	$3,815 (-17.1%)	1.1%	$426.40	-6.0%	COM	25754A201
MRK	MERCK & CO INC	43,671 (-3.1%)	$5,253 (+10.8%)	1.6%	$49.77	+129.6%	COM	58933Y105
VZ	VERIZON COMMUNICATIONS INC	71,915 (-11.3%)	$3,610 (+9.4%)	1.1%	$32.32	+35.6%	COM	92343V104
CSCO	CISCO SYS INC	71,907 (-2.1%)	$5,579 (-1.4%)	1.7%	$28.78	+170.7%	COM	17275R102
SCHD	SCHWAB STRATEGIC TR	26,808 (-1.5%)	$822 (+10.2%)	0.2%	$35.12	—	US DIVIDEND EQ	808524797
PEP	PEPSICO INC	1,934 (-2.6%)	$300 (+5.4%)	0.1%	$79.97	+93.5%	COM	713448108

Unchanged Positions (26)

MSFT MICROSOFT CORP 5.3%

Value ($000) $17,647 Shares 47,674 Est. Cost $55.38 Unrealized +684.7%

XOM EXXON MOBIL CORP 2.6%

Value ($000) $8,697 Shares 51,263 Est. Cost $66.10 Unrealized +109.9%

ISRG INTUITIVE SURGICAL INC 2.1%

Value ($000) $7,114 Shares 15,432 Est. Cost $398.33 Unrealized +30.8%

AAPL APPLE INC 6.8%

Value ($000) $22,518 Shares 88,725 Est. Cost $83.88 Unrealized +213.3%

ABT ABBOTT LABORATORIES 2.1%

Value ($000) $6,882 Shares 67,032 Est. Cost $50.44 Unrealized +128.8%

PAYX PAYCHEX INC 1.6%

Value ($000) $5,186 Shares 56,298 Est. Cost $44.43 Unrealized +129.5%

COST COSTCO WHOLESALE CORPORATION 2.3%

Value ($000) $7,785 Shares 7,813 Est. Cost $746.73 Unrealized +29.1%

FAST FASTENAL CO 2.3%

Value ($000) $7,672 Shares 165,335 Est. Cost $37.06 Unrealized +19.5%

MA MASTERCARD INCORPORATED 1.9%

Value ($000) $6,230 Shares 12,468 Est. Cost $457.53 Unrealized +17.8%

SO SOUTHERN CO 1.3%

Value ($000) $4,383 Shares 45,412 Est. Cost $33.80 Unrealized +164.9%

BAH BOOZ ALLEN HAMILTON HLDG COR 1.4%

Value ($000) $4,654 Shares 59,649 Est. Cost $96.66 Unrealized -10.0%

ASML ASML HLDG NV 0.5%

Value ($000) $1,767 Shares 1,338 Est. Cost $797.46 Unrealized —

RSG REPUBLIC SVCS INC 1.8%

Value ($000) $5,970 Shares 27,256 Est. Cost $183.09 Unrealized +18.3%

APP APPLOVIN CORP 0.1%

Value ($000) $256 Shares 643 Est. Cost $324.21 Unrealized +56.4%

IBM INTERNATIONAL BUSINESS MACHS 0.2%

Value ($000) $586 Shares 2,416 Est. Cost $137.89 Unrealized +105.9%

LOW LOWES COS INC 1.4%

Value ($000) $4,798 Shares 20,305 Est. Cost $221.59 Unrealized +22.5%

MCHP MICROCHIP TECHNOLOGY INC. 1.8%

Value ($000) $5,947 Shares 92,046 Est. Cost $49.75 Unrealized +52.3%

SMPL SIMPLY GOOD FOODS CO 0.0%

Value ($000) $144 Shares 10,000 Est. Cost $36.63 Unrealized -49.3%

PEG PUBLIC SVC ENTERPRISE GROUP 1.2%

Value ($000) $3,851 Shares 47,568 Est. Cost $39.56 Unrealized +106.1%

PG PROCTER & GAMBLE CO 2.4%

Value ($000) $7,922 Shares 54,846 Est. Cost $73.64 Unrealized +106.1%

WMT WALMART INC 0.1%

Value ($000) $447 Shares 3,593 Est. Cost $66.73 Unrealized +82.9%

AVGO BROADCOM INC 0.1%

Value ($000) $243 Shares 784 Est. Cost $215.92 Unrealized +54.8%

UPS UNITED PARCEL SVCS INC 0.9%

Value ($000) $3,043 Shares 30,936 Est. Cost $95.48 Unrealized +15.1%

GE GE AEROSPACE 0.1%

Value ($000) $232 Shares 817 Est. Cost $218.59 Unrealized +45.6%

ECL ECOLAB INC 0.2%

Value ($000) $546 Shares 2,054 Est. Cost $105.98 Unrealized +170.1%

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value ($000) $785 Shares 4,089 Est. Cost $175.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	47,674	$17,647	5.3%	$55.38	+684.7%	COM	594918104
XOM	EXXON MOBIL CORP	51,263	$8,697	2.6%	$66.10	+109.9%	COM	30231G102
ISRG	INTUITIVE SURGICAL INC	15,432	$7,114	2.1%	$398.33	+30.8%	COM NEW	46120E602
AAPL	APPLE INC	88,725	$22,518	6.8%	$83.88	+213.3%	COM	037833100
ABT	ABBOTT LABORATORIES	67,032	$6,882	2.1%	$50.44	+128.8%	COM	002824100
PAYX	PAYCHEX INC	56,298	$5,186	1.6%	$44.43	+129.5%	COM	704326107
COST	COSTCO WHOLESALE CORPORATION	7,813	$7,785	2.3%	$746.73	+29.1%	COM	22160K105
FAST	FASTENAL CO	165,335	$7,672	2.3%	$37.06	+19.5%	COM	311900104
MA	MASTERCARD INCORPORATED	12,468	$6,230	1.9%	$457.53	+17.8%	CL A	57636Q104
SO	SOUTHERN CO	45,412	$4,383	1.3%	$33.80	+164.9%	COM	842587107
BAH	BOOZ ALLEN HAMILTON HLDG COR	59,649	$4,654	1.4%	$96.66	-10.0%	CL A	099502106
ASML	ASML HLDG NV	1,338	$1,767	0.5%	$797.46	—	N Y REGISTRY SHS	N07059210
RSG	REPUBLIC SVCS INC	27,256	$5,970	1.8%	$183.09	+18.3%	COM	760759100
APP	APPLOVIN CORP	643	$256	0.1%	$324.21	+56.4%	COM CL A	03831W108
IBM	INTERNATIONAL BUSINESS MACHS	2,416	$586	0.2%	$137.89	+105.9%	COM	459200101
LOW	LOWES COS INC	20,305	$4,798	1.4%	$221.59	+22.5%	COM	548661107
MCHP	MICROCHIP TECHNOLOGY INC.	92,046	$5,947	1.8%	$49.75	+52.3%	COM	595017104
SMPL	SIMPLY GOOD FOODS CO	10,000	$144	0.0%	$36.63	-49.3%	COM	82900L102
PEG	PUBLIC SVC ENTERPRISE GROUP	47,568	$3,851	1.2%	$39.56	+106.1%	COM	744573106
PG	PROCTER & GAMBLE CO	54,846	$7,922	2.4%	$73.64	+106.1%	COM	742718109
WMT	WALMART INC	3,593	$447	0.1%	$66.73	+82.9%	COM	931142103
AVGO	BROADCOM INC	784	$243	0.1%	$215.92	+54.8%	COM	11135F101
UPS	UNITED PARCEL SVCS INC	30,936	$3,043	0.9%	$95.48	+15.1%	CL B	911312106
GE	GE AEROSPACE	817	$232	0.1%	$218.59	+45.6%	COM NEW	369604301
ECL	ECOLAB INC	2,054	$546	0.2%	$105.98	+170.1%	COM	278865100
RSP	INVESCO EXCHANGE TRADED FD T	4,089	$785	0.2%	$175.23	—	S&P500 EQL WGT	46137V357