Bank of Marin Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSX	PHILLIPS 66	4,235	$772	0.6%	$147.11	0.0%	COM	718546104
TYL	TYLER TECHNOLOGIES INC	1,349	$462	0.3%	$385.05	0.0%	COM	902252105
APD	AIR PRODUCTS AND CHEMICALS I	1,572	$457	0.3%	$271.49	0.0%	COM	009158106
BWXT	BWX TECHNOLOGIES INC	2,138	$437	0.3%	$202.99	0.0%	COM	05605H100
WCC	WESCO INTL INC	1,294	$354	0.3%	$288.37	0.0%	COM	95082P105
LDRH	ISHARES TR	13,515	$333	0.2%	$24.66	—	IBONDS 1-5 YR HI	46438G547
SMERY	SIEMENS ENERGY AG	1,881	$308	0.2%	$163.90	—	SPON ADS 1 ORD	82621A203
MKL	MARKEL GROUP INC	155	$297	0.2%	$2077.98	0.0%	COM	570535104
PFE	PFIZER INC	10,150	$285	0.2%	$26.18	0.0%	COM	717081103
TPL	TEXAS PACIFIC LAND CORPORATI	598	$284	0.2%	$373.26	0.0%	COM	88262P102
VG	VENTURE GLOBAL INC	17,456	$275	0.2%	$8.89	0.0%	COM CL A	92333F101
ELE	ELEMENTAL RTY CORP	13,218	$249	0.2%	$20.22	0.0%	COM NEW	28620K106
JNJ	JOHNSON & JOHNSON	961	$235	0.2%	$227.87	0.0%	COM	478160104
VRT	VERTIV HOLDINGS CO	921	$231	0.2%	$199.85	0.0%	COM CL A	92537N108
SNWGF	SNOWLINE GOLD CORP	11,298	$113	0.1%	$13.00	0.0%	COM	83342V104

Increased Positions (45)

ARM ARM HOLDINGS PLC 0.6%

Value ($000) $874 (+70.6%) Shares 5,775 (+23.3%) Est. Cost $117.23 Unrealized —

DHR DANAHER CORP DEL 1.0%

Value ($000) $1,395 (-16.1%) Shares 7,360 (+1.3%) Est. Cost $164.47 Unrealized +36.6%

CVX CHEVRON CORPORATION 0.6%

Value ($000) $888 (+41.5%) Shares 4,292 (+4.3%) Est. Cost $128.49 Unrealized +33.8%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $513 (+92.7%) Shares 2,586 (+121.4%) Est. Cost $171.83 Unrealized +20.3%

NFLX NETFLIX INC. 0.5%

Value ($000) $697 (+48.4%) Shares 7,244 (+44.7%) Est. Cost $100.79 Unrealized -16.8%

XLB SELECT SECTOR SPDR TR 0.5%

Value ($000) $685 (+45.2%) Shares 13,718 (+31.8%) Est. Cost $53.13 Unrealized —

XLI SELECT SECTOR SPDR TR 1.4%

Value ($000) $1,939 (+10.8%) Shares 11,987 (+6.3%) Est. Cost $148.36 Unrealized —

V VISA INC 1.0%

Value ($000) $1,397 (-11.3%) Shares 4,622 (+2.9%) Est. Cost $346.45 Unrealized -5.0%

XLY SELECT SECTOR SPDR TR 2.2%

Value ($000) $3,048 (-5.1%) Shares 27,972 (+4.0%) Est. Cost $166.98 Unrealized —

IEMG ISHARES INC 0.6%

Value ($000) $879 (+22.3%) Shares 12,608 (+17.9%) Est. Cost $60.43 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.3%

Value ($000) $1,719 (+10.1%) Shares 3,587 (+15.4%) Est. Cost $264.96 Unrealized +86.2%

INTU INTUIT 0.3%

Value ($000) $421 (-25.7%) Shares 974 (+13.8%) Est. Cost $476.02 Unrealized +4.5%

SPDG SPDR SERIES TRUST 0.6%

Value ($000) $880 (+18.5%) Shares 21,122 (+16.0%) Est. Cost $38.37 Unrealized —

META META PLATFORMS INC 0.7%

Value ($000) $1,009 (-11.6%) Shares 1,763 (+2.0%) Est. Cost $267.25 Unrealized +145.3%

XLF SELECT SECTOR SPDR TR 1.2%

Value ($000) $1,620 (-7.5%) Shares 32,812 (+2.6%) Est. Cost $52.29 Unrealized —

IVV ISHARES TR 1.2%

Value ($000) $1,674 (+7.9%) Shares 2,562 (+13.1%) Est. Cost $400.72 Unrealized —

RWT REDWOOD TRUST INC 0.1%

Value ($000) $176 (+206.3%) Shares 31,402 (+201.9%) Est. Cost $5.58 Unrealized —

QQQ INVESCO QQQ TR 2.0%

Value ($000) $2,803 (-4.0%) Shares 4,857 (+2.1%) Est. Cost $379.42 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.7%

Value ($000) $1,021 (-9.7%) Shares 2,077 (+6.4%) Est. Cost $426.54 Unrealized +34.7%

XLV SELECT SECTOR SPDR TR 2.1%

Value ($000) $2,913 (-3.4%) Shares 19,872 (+2.0%) Est. Cost $110.05 Unrealized —

VXF VANGUARD INDEX FDS 0.7%

Value ($000) $1,012 (+10.6%) Shares 4,917 (+12.4%) Est. Cost $194.15 Unrealized —

XLU SELECT SECTOR SPDR TR 0.4%

Value ($000) $556 (+17.2%) Shares 12,124 (+9.0%) Est. Cost $61.15 Unrealized —

SCHO SCHWAB STRATEGIC TR 1.5%

Value ($000) $2,052 (+3.8%) Shares 84,550 (+4.3%) Est. Cost $35.01 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.9%

Value ($000) $1,299 (+6.0%) Shares 20,267 (+3.3%) Est. Cost $57.69 Unrealized —

ETN EATON CORP PLC 0.3%

Value ($000) $423 (+17.3%) Shares 1,182 (+4.4%) Est. Cost $199.74 Unrealized +77.0%

TIP ISHARES TR 0.8%

Value ($000) $1,128 (+5.3%) Shares 10,218 (+4.9%) Est. Cost $119.35 Unrealized —

VIS VANGUARD WORLD FD 0.2%

Value ($000) $298 (+20.0%) Shares 955 (+14.6%) Est. Cost $284.18 Unrealized —

SRLN SSGA ACTIVE ETF TR 0.3%

Value ($000) $435 (+11.2%) Shares 10,825 (+14.3%) Est. Cost $41.08 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 0.9%

Value ($000) $1,256 (+3.5%) Shares 26,145 (+4.0%) Est. Cost $49.45 Unrealized —

AVGO BROADCOM INC 0.3%

Value ($000) $404 (+11.1%) Shares 1,305 (+24.3%) Est. Cost $251.07 Unrealized +33.1%

AVDE AMERICAN CENTY ETF TR 0.5%

Value ($000) $656 (+6.6%) Shares 7,738 (+3.4%) Est. Cost $75.13 Unrealized —

SPSM SPDR SERIES TRUST 0.4%

Value ($000) $555 (+7.2%) Shares 11,496 (+3.9%) Est. Cost $41.84 Unrealized —

EFA ISHARES TR 0.9%

Value ($000) $1,201 (+3.2%) Shares 12,363 (+2.0%) Est. Cost $72.29 Unrealized —

VCR VANGUARD WORLD FD 0.3%

Value ($000) $387 (+9.2%) Shares 1,077 (+19.8%) Est. Cost $361.78 Unrealized —

AVUV AMERICAN CENTY ETF TR 0.2%

Value ($000) $270 (+12.9%) Shares 2,442 (+4.2%) Est. Cost $99.97 Unrealized —

JIRE J P MORGAN EXCHANGE TRADED F 0.5%

Value ($000) $617 (+4.9%) Shares 8,146 (+3.8%) Est. Cost $71.38 Unrealized —

PANW PALO ALTO NETWORKS INC 0.4%

Value ($000) $568 (+4.9%) Shares 3,542 (+20.5%) Est. Cost $158.71 Unrealized +8.5%

VWO VANGUARD INTL EQUITY INDEX F 0.4%

Value ($000) $489 (+5.7%) Shares 9,043 (+5.1%) Est. Cost $49.68 Unrealized —

XMHQ INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $733 (+2.7%) Shares 7,088 (+1.7%) Est. Cost $78.09 Unrealized —

DIS DISNEY WALT CO 0.2%

Value ($000) $252 (+8.1%) Shares 2,610 (+27.6%) Est. Cost $94.66 Unrealized +15.6%

— WELLS FARGO & CO 0.2%

Value ($000) $293 (+5.7%) Shares 254 (+10.9%) Est. Cost $1172.24 Unrealized —

IUSV ISHARES TR 0.3%

Value ($000) $401 (+2.4%) Shares 3,922 (+2.7%) Est. Cost $64.05 Unrealized —

VOT VANGUARD INDEX FDS 0.5%

Value ($000) $639 (+1.4%) Shares 2,482 (+10.0%) Est. Cost $281.94 Unrealized —

HD HOME DEPOT INC 0.6%

Value ($000) $802 (+1.0%) Shares 2,440 (+5.6%) Est. Cost $233.55 Unrealized +61.4%

SYK 1STRYKER CORPORATION 0.6%

Value ($000) $804 (+0.3%) Shares 2,446 (+7.2%) Est. Cost $370.66 Unrealized -1.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARM	ARM HOLDINGS PLC	5,775 (+23.3%)	$874 (+70.6%)	0.6%	$117.23	—	SPONSORED ADS	042068205
DHR	DANAHER CORP DEL	7,360 (+1.3%)	$1,395 (-16.1%)	1.0%	$164.47	+36.6%	COM	235851102
CVX	CHEVRON CORPORATION	4,292 (+4.3%)	$888 (+41.5%)	0.6%	$128.49	+33.8%	COM	166764100
PGR	PROGRESSIVE CORP	2,586 (+121.4%)	$513 (+92.7%)	0.4%	$171.83	+20.3%	COM	743315103
NFLX	NETFLIX INC.	7,244 (+44.7%)	$697 (+48.4%)	0.5%	$100.79	-16.8%	COM	64110L106
XLB	SELECT SECTOR SPDR TR	13,718 (+31.8%)	$685 (+45.2%)	0.5%	$53.13	—	STATE STREET MAT	81369Y100
XLI	SELECT SECTOR SPDR TR	11,987 (+6.3%)	$1,939 (+10.8%)	1.4%	$148.36	—	STATE STREET IND	81369Y704
V	VISA INC	4,622 (+2.9%)	$1,397 (-11.3%)	1.0%	$346.45	-5.0%	COM CL A	92826C839
XLY	SELECT SECTOR SPDR TR	27,972 (+4.0%)	$3,048 (-5.1%)	2.2%	$166.98	—	STATE STREET CON	81369Y407
IEMG	ISHARES INC	12,608 (+17.9%)	$879 (+22.3%)	0.6%	$60.43	—	CORE MSCI EMKT	46434G103
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,587 (+15.4%)	$1,719 (+10.1%)	1.3%	$264.96	+86.2%	CL B NEW	084670702
INTU	INTUIT	974 (+13.8%)	$421 (-25.7%)	0.3%	$476.02	+4.5%	COM	461202103
SPDG	SPDR SERIES TRUST	21,122 (+16.0%)	$880 (+18.5%)	0.6%	$38.37	—	STATE STREET SPD	78468R465
META	META PLATFORMS INC	1,763 (+2.0%)	$1,009 (-11.6%)	0.7%	$267.25	+145.3%	CL A	30303M102
XLF	SELECT SECTOR SPDR TR	32,812 (+2.6%)	$1,620 (-7.5%)	1.2%	$52.29	—	STATE STREET FIN	81369Y605
IVV	ISHARES TR	2,562 (+13.1%)	$1,674 (+7.9%)	1.2%	$400.72	—	CORE S&P500 ETF	464287200
RWT	REDWOOD TRUST INC	31,402 (+201.9%)	$176 (+206.3%)	0.1%	$5.58	—	COM	758075402
QQQ	INVESCO QQQ TR	4,857 (+2.1%)	$2,803 (-4.0%)	2.0%	$379.42	—	UNIT SER 1	46090E103
TMO	THERMO FISHER SCIENTIFIC INC	2,077 (+6.4%)	$1,021 (-9.7%)	0.7%	$426.54	+34.7%	COM	883556102
XLV	SELECT SECTOR SPDR TR	19,872 (+2.0%)	$2,913 (-3.4%)	2.1%	$110.05	—	STATE STREET HEA	81369Y209
VXF	VANGUARD INDEX FDS	4,917 (+12.4%)	$1,012 (+10.6%)	0.7%	$194.15	—	EXTEND MKT ETF	922908652
XLU	SELECT SECTOR SPDR TR	12,124 (+9.0%)	$556 (+17.2%)	0.4%	$61.15	—	STATE STREET UTI	81369Y886
SCHO	SCHWAB STRATEGIC TR	84,550 (+4.3%)	$2,052 (+3.8%)	1.5%	$35.01	—	SHT TM US TRES	808524862
VEA	VANGUARD TAX-MANAGED FDS	20,267 (+3.3%)	$1,299 (+6.0%)	0.9%	$57.69	—	VAN FTSE DEV MKT	921943858
ETN	EATON CORP PLC	1,182 (+4.4%)	$423 (+17.3%)	0.3%	$199.74	+77.0%	SHS	G29183103
TIP	ISHARES TR	10,218 (+4.9%)	$1,128 (+5.3%)	0.8%	$119.35	—	TIPS BD ETF	464287176
VIS	VANGUARD WORLD FD	955 (+14.6%)	$298 (+20.0%)	0.2%	$284.18	—	INDUSTRIAL ETF	92204A603
SRLN	SSGA ACTIVE ETF TR	10,825 (+14.3%)	$435 (+11.2%)	0.3%	$41.08	—	STATE STREET BLA	78467V608
BNDX	VANGUARD CHARLOTTE FDS	26,145 (+4.0%)	$1,256 (+3.5%)	0.9%	$49.45	—	TOTAL INT BD ETF	92203J407
AVGO	BROADCOM INC	1,305 (+24.3%)	$404 (+11.1%)	0.3%	$251.07	+33.1%	COM	11135F101
AVDE	AMERICAN CENTY ETF TR	7,738 (+3.4%)	$656 (+6.6%)	0.5%	$75.13	—	INTL EQT ETF	025072703
SPSM	SPDR SERIES TRUST	11,496 (+3.9%)	$555 (+7.2%)	0.4%	$41.84	—	STATE STREET SPD	78468R853
EFA	ISHARES TR	12,363 (+2.0%)	$1,201 (+3.2%)	0.9%	$72.29	—	MSCI EAFE ETF	464287465
VCR	VANGUARD WORLD FD	1,077 (+19.8%)	$387 (+9.2%)	0.3%	$361.78	—	CONSUM DIS ETF	92204A108
AVUV	AMERICAN CENTY ETF TR	2,442 (+4.2%)	$270 (+12.9%)	0.2%	$99.97	—	US SML CP VALU	025072877
JIRE	J P MORGAN EXCHANGE TRADED F	8,146 (+3.8%)	$617 (+4.9%)	0.5%	$71.38	—	INTRNL RES EQT	46641Q134
PANW	PALO ALTO NETWORKS INC	3,542 (+20.5%)	$568 (+4.9%)	0.4%	$158.71	+8.5%	COM	697435105
VWO	VANGUARD INTL EQUITY INDEX F	9,043 (+5.1%)	$489 (+5.7%)	0.4%	$49.68	—	FTSE EMR MKT ETF	922042858
XMHQ	INVESCO EXCHANGE TRADED FD T	7,088 (+1.7%)	$733 (+2.7%)	0.5%	$78.09	—	S&P MDCP QUALITY	46137V472
DIS	DISNEY WALT CO	2,610 (+27.6%)	$252 (+8.1%)	0.2%	$94.66	+15.6%	COM	254687106
—	WELLS FARGO & CO	254 (+10.9%)	$293 (+5.7%)	0.2%	$1172.24	—	PERP PFD CNV A	949746804
IUSV	ISHARES TR	3,922 (+2.7%)	$401 (+2.4%)	0.3%	$64.05	—	CORE S&P US VLU	464287663
VOT	VANGUARD INDEX FDS	2,482 (+10.0%)	$639 (+1.4%)	0.5%	$281.94	—	MCAP GR IDXVIP	922908538
HD	HOME DEPOT INC	2,440 (+5.6%)	$802 (+1.0%)	0.6%	$233.55	+61.4%	COM	437076102
SYK	1STRYKER CORPORATION	2,446 (+7.2%)	$804 (+0.3%)	0.6%	$370.66	-1.6%	COM	863667101

Exited Positions (10)

SCHW SCHWAB CHARLES CORP 0.5%

Value ($000) $632 Shares 6,325 Est. Cost $63.40 Unrealized +57.9%

FICO FAIR ISAAC CORP 0.4%

Value ($000) $588 Shares 348 Est. Cost $1707.99 Unrealized -14.1%

VV VANGUARD INDEX FDS 0.4%

Value ($000) $512 Shares 1,627 Est. Cost $285.30 Unrealized —

EXPE EXPEDIA GROUP INC 0.4%

Value ($000) $511 Shares 1,802 Est. Cost $129.68 Unrealized +95.4%

CSGP COSTAR GROUP INC 0.4%

Value ($000) $497 Shares 7,396 Est. Cost $75.53 Unrealized -24.6%

VEEV VEEVA SYS INC 0.2%

Value ($000) $339 Shares 1,519 Est. Cost $248.00 Unrealized -17.8%

NKE NIKE INC 0.2%

Value ($000) $301 Shares 4,730 Est. Cost $71.67 Unrealized -10.7%

COF CAPITAL ONE FINL CORP 0.2%

Value ($000) $267 Shares 1,101 Est. Cost $187.63 Unrealized +19.0%

ELF E L F BEAUTY INC 0.2%

Value ($000) $240 Shares 3,160 Est. Cost $115.24 Unrealized -25.7%

IWF ISHARES TR 0.1%

Value ($000) $202 Shares 426 Est. Cost $473.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHW	SCHWAB CHARLES CORP	6,325	$632	0.5%	$63.40	+57.9%	—	808513105
FICO	FAIR ISAAC CORP	348	$588	0.4%	$1707.99	-14.1%	—	303250104
VV	VANGUARD INDEX FDS	1,627	$512	0.4%	$285.30	—	—	922908637
EXPE	EXPEDIA GROUP INC	1,802	$511	0.4%	$129.68	+95.4%	—	30212P303
CSGP	COSTAR GROUP INC	7,396	$497	0.4%	$75.53	-24.6%	—	22160N109
VEEV	VEEVA SYS INC	1,519	$339	0.2%	$248.00	-17.8%	—	922475108
NKE	NIKE INC	4,730	$301	0.2%	$71.67	-10.7%	—	654106103
COF	CAPITAL ONE FINL CORP	1,101	$267	0.2%	$187.63	+19.0%	—	14040H105
ELF	E L F BEAUTY INC	3,160	$240	0.2%	$115.24	-25.7%	—	26856L103
IWF	ISHARES TR	426	$202	0.1%	$473.30	—	—	464287614

Decreased Positions (39)

MSFT MICROSOFT CORP 4.5%

Value ($000) $6,196 (-26.1%) Shares 16,737 (-3.5%) Est. Cost $189.12 Unrealized +129.8%

TLN TALEN ENERGY CORP 0.3%

Value ($000) $347 (-72.3%) Shares 1,086 (-67.5%) Est. Cost $237.27 Unrealized +55.2%

CRM SALESFORCE INC 0.4%

Value ($000) $523 (-56.3%) Shares 2,800 (-38.0%) Est. Cost $182.11 Unrealized +18.5%

AMZN AMAZON COM INC 2.2%

Value ($000) $3,051 (-17.5%) Shares 14,647 (-8.5%) Est. Cost $128.97 Unrealized +75.9%

AAPL APPLE INC 5.0%

Value ($000) $6,873 (-8.0%) Shares 27,081 (-1.4%) Est. Cost $97.11 Unrealized +170.6%

BSX BOSTON SCIENTIFIC CORP 0.6%

Value ($000) $775 (-35.0%) Shares 12,358 (-1.2%) Est. Cost $44.75 Unrealized +91.8%

ATI ATI INC 0.3%

Value ($000) $447 (-47.6%) Shares 3,070 (-58.6%) Est. Cost $82.26 Unrealized +60.0%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.4%

Value ($000) $493 (-43.7%) Shares 1,459 (-49.4%) Est. Cost $226.49 Unrealized —

NVDA NVIDIA CORPORATION 2.7%

Value ($000) $3,744 (-9.1%) Shares 21,470 (-2.8%) Est. Cost $95.74 Unrealized +94.9%

LLY ELI LILLY & CO 1.0%

Value ($000) $1,305 (-21.8%) Shares 1,419 (-8.6%) Est. Cost $128.15 Unrealized +717.1%

XLC SELECT SECTOR SPDR TR 1.3%

Value ($000) $1,841 (-16.1%) Shares 16,607 (-10.9%) Est. Cost $108.53 Unrealized —

ADBE ADOBE INC 0.2%

Value ($000) $306 (-52.3%) Shares 1,257 (-31.3%) Est. Cost $367.22 Unrealized -21.1%

VOX VANGUARD WORLD FD 1.8%

Value ($000) $2,506 (-11.4%) Shares 13,934 (-4.6%) Est. Cost $171.03 Unrealized —

VOO VANGUARD INDEX FDS 2.4%

Value ($000) $3,304 (-7.8%) Shares 5,530 (-3.3%) Est. Cost $568.03 Unrealized —

MLM MARTIN MARIETTA MATLS INC 0.3%

Value ($000) $473 (-31.8%) Shares 804 (-27.8%) Est. Cost $351.93 Unrealized +87.8%

BMRC BANK OF MARIN BANCORP 1.8%

Value ($000) $2,487 (-8.1%) Shares 97,046 (-6.7%) Est. Cost $24.13 Unrealized +10.2%

SPY STATE STR SPDR S&P 500 ETF T 1.3%

Value ($000) $1,807 (-8.1%) Shares 2,779 (-3.6%) Est. Cost $323.62 Unrealized —

PFF ISHARES TR 0.7%

Value ($000) $982 (-12.8%) Shares 32,382 (-11.0%) Est. Cost $36.10 Unrealized —

JPM JPMORGAN CHASE & CO 0.9%

Value ($000) $1,183 (-10.5%) Shares 4,021 (-2.0%) Est. Cost $125.79 Unrealized +147.6%

VGT VANGUARD WORLD FD 0.4%

Value ($000) $515 (-20.9%) Shares 738 (-14.6%) Est. Cost $663.28 Unrealized —

GLDM WORLD GOLD TR 0.7%

Value ($000) $895 (-13.2%) Shares 9,657 (-20.1%) Est. Cost $66.48 Unrealized —

ANET ARISTA NETWORKS INC 1.0%

Value ($000) $1,367 (-7.3%) Shares 11,136 (-1.0%) Est. Cost $103.96 Unrealized +29.9%

VTI VANGUARD INDEX FDS 0.6%

Value ($000) $800 (-11.6%) Shares 2,493 (-7.6%) Est. Cost $303.93 Unrealized —

USFR WISDOMTREE TR 0.7%

Value ($000) $914 (-10.1%) Shares 18,165 (-10.1%) Est. Cost $50.31 Unrealized —

ZTS ZOETIS INC 0.3%

Value ($000) $373 (-18.9%) Shares 3,157 (-13.7%) Est. Cost $157.38 Unrealized -20.0%

VNQ VANGUARD INDEX FDS 0.2%

Value ($000) $287 (-20.9%) Shares 3,234 (-21.1%) Est. Cost $89.06 Unrealized —

BLV VANGUARD BD INDEX FDS 0.6%

Value ($000) $838 (-8.2%) Shares 12,178 (-7.2%) Est. Cost $69.54 Unrealized —

GEV GE VERNOVA INC 0.5%

Value ($000) $669 (+11.2%) Shares 766 (-16.7%) Est. Cost $365.09 Unrealized +101.8%

DE DEERE & CO 0.5%

Value ($000) $668 (+10.5%) Shares 1,186 (-8.7%) Est. Cost $182.52 Unrealized +202.1%

XLP SELECT SECTOR SPDR TR 1.1%

Value ($000) $1,494 (+4.1%) Shares 18,220 (-1.3%) Est. Cost $80.97 Unrealized —

ICSH ISHARES TR 0.5%

Value ($000) $671 (-7.3%) Shares 13,246 (-7.3%) Est. Cost $50.57 Unrealized —

DYNF BLACKROCK ETF TRUST 0.5%

Value ($000) $728 (-5.4%) Shares 12,508 (-1.1%) Est. Cost $53.38 Unrealized —

TT TRANE TECHNOLOGIES PLC 0.2%

Value ($000) $263 (-11.8%) Shares 632 (-17.6%) Est. Cost $159.34 Unrealized +164.9%

GOVT ISHARES TR 1.1%

Value ($000) $1,447 (-1.8%) Shares 63,141 (-1.3%) Est. Cost $23.09 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.5%

Value ($000) $704 (+3.7%) Shares 3,017 (-1.0%) Est. Cost $194.95 Unrealized +28.8%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.3%

Value ($000) $431 (+5.9%) Shares 5,941 (-1.7%) Est. Cost $64.40 Unrealized +15.1%

THC TENET HEALTHCARE CORP 0.2%

Value ($000) $243 (-6.8%) Shares 1,286 (-1.9%) Est. Cost $150.82 Unrealized +36.7%

VOE VANGUARD INDEX FDS 0.3%

Value ($000) $423 (-2.1%) Shares 2,298 (-5.8%) Est. Cost $164.46 Unrealized —

SPHQ 1INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $364 (-2.1%) Shares 4,836 (-2.2%) Est. Cost $52.10 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	16,737 (-3.5%)	$6,196 (-26.1%)	4.5%	$189.12	+129.8%	COM	594918104
TLN	TALEN ENERGY CORP	1,086 (-67.5%)	$347 (-72.3%)	0.3%	$237.27	+55.2%	COM	87422Q109
CRM	SALESFORCE INC	2,800 (-38.0%)	$523 (-56.3%)	0.4%	$182.11	+18.5%	COM	79466L302
AMZN	AMAZON COM INC	14,647 (-8.5%)	$3,051 (-17.5%)	2.2%	$128.97	+75.9%	COM	023135106
AAPL	APPLE INC	27,081 (-1.4%)	$6,873 (-8.0%)	5.0%	$97.11	+170.6%	COM	037833100
BSX	BOSTON SCIENTIFIC CORP	12,358 (-1.2%)	$775 (-35.0%)	0.6%	$44.75	+91.8%	COM	101137107
ATI	ATI INC	3,070 (-58.6%)	$447 (-47.6%)	0.3%	$82.26	+60.0%	COM	01741R102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	1,459 (-49.4%)	$493 (-43.7%)	0.4%	$226.49	—	SPONSORED ADS	874039100
NVDA	NVIDIA CORPORATION	21,470 (-2.8%)	$3,744 (-9.1%)	2.7%	$95.74	+94.9%	COM	67066G104
LLY	ELI LILLY & CO	1,419 (-8.6%)	$1,305 (-21.8%)	1.0%	$128.15	+717.1%	COM	532457108
XLC	SELECT SECTOR SPDR TR	16,607 (-10.9%)	$1,841 (-16.1%)	1.3%	$108.53	—	STATE STREET COM	81369Y852
ADBE	ADOBE INC	1,257 (-31.3%)	$306 (-52.3%)	0.2%	$367.22	-21.1%	COM	00724F101
VOX	VANGUARD WORLD FD	13,934 (-4.6%)	$2,506 (-11.4%)	1.8%	$171.03	—	COMM SRVC ETF	92204A884
VOO	VANGUARD INDEX FDS	5,530 (-3.3%)	$3,304 (-7.8%)	2.4%	$568.03	—	S&P 500 ETF SHS	922908363
MLM	MARTIN MARIETTA MATLS INC	804 (-27.8%)	$473 (-31.8%)	0.3%	$351.93	+87.8%	COM	573284106
BMRC	BANK OF MARIN BANCORP	97,046 (-6.7%)	$2,487 (-8.1%)	1.8%	$24.13	+10.2%	COM	063425102
SPY	STATE STR SPDR S&P 500 ETF T	2,779 (-3.6%)	$1,807 (-8.1%)	1.3%	$323.62	—	TR UNIT	78462F103
PFF	ISHARES TR	32,382 (-11.0%)	$982 (-12.8%)	0.7%	$36.10	—	PFD AND INCM SEC	464288687
JPM	JPMORGAN CHASE & CO	4,021 (-2.0%)	$1,183 (-10.5%)	0.9%	$125.79	+147.6%	COM	46625H100
VGT	VANGUARD WORLD FD	738 (-14.6%)	$515 (-20.9%)	0.4%	$663.28	—	INF TECH ETF	92204A702
GLDM	WORLD GOLD TR	9,657 (-20.1%)	$895 (-13.2%)	0.7%	$66.48	—	SPDR GLD MINIS	98149E303
ANET	ARISTA NETWORKS INC	11,136 (-1.0%)	$1,367 (-7.3%)	1.0%	$103.96	+29.9%	COM SHS	040413205
VTI	VANGUARD INDEX FDS	2,493 (-7.6%)	$800 (-11.6%)	0.6%	$303.93	—	TOTAL STK MKT	922908769
USFR	WISDOMTREE TR	18,165 (-10.1%)	$914 (-10.1%)	0.7%	$50.31	—	FLOATNG RAT TREA	97717Y527
ZTS	ZOETIS INC	3,157 (-13.7%)	$373 (-18.9%)	0.3%	$157.38	-20.0%	CL A	98978V103
VNQ	VANGUARD INDEX FDS	3,234 (-21.1%)	$287 (-20.9%)	0.2%	$89.06	—	REAL ESTATE ETF	922908553
BLV	VANGUARD BD INDEX FDS	12,178 (-7.2%)	$838 (-8.2%)	0.6%	$69.54	—	LONG TERM BOND	921937793
GEV	GE VERNOVA INC	766 (-16.7%)	$669 (+11.2%)	0.5%	$365.09	+101.8%	COM	36828A101
DE	DEERE & CO	1,186 (-8.7%)	$668 (+10.5%)	0.5%	$182.52	+202.1%	COM	244199105
XLP	SELECT SECTOR SPDR TR	18,220 (-1.3%)	$1,494 (+4.1%)	1.1%	$80.97	—	STATE STREET CON	81369Y308
ICSH	ISHARES TR	13,246 (-7.3%)	$671 (-7.3%)	0.5%	$50.57	—	ULTRA SHORT DUR	46434V878
DYNF	BLACKROCK ETF TRUST	12,508 (-1.1%)	$728 (-5.4%)	0.5%	$53.38	—	ISHARES US EQUIT	09290C103
TT	TRANE TECHNOLOGIES PLC	632 (-17.6%)	$263 (-11.8%)	0.2%	$159.34	+164.9%	SHS	G8994E103
GOVT	ISHARES TR	63,141 (-1.3%)	$1,447 (-1.8%)	1.1%	$23.09	—	US TREAS BD ETF	46429B267
FERG	FERGUSON ENTERPRISES INC	3,017 (-1.0%)	$704 (+3.7%)	0.5%	$194.95	+28.8%	COMMON STOCK NEW	31488V107
IFF	INTERNATIONAL FLAVORS&FRAGRA	5,941 (-1.7%)	$431 (+5.9%)	0.3%	$64.40	+15.1%	COM	459506101
THC	TENET HEALTHCARE CORP	1,286 (-1.9%)	$243 (-6.8%)	0.2%	$150.82	+36.7%	COM NEW	88033G407
VOE	VANGUARD INDEX FDS	2,298 (-5.8%)	$423 (-2.1%)	0.3%	$164.46	—	MCAP VL IDXVIP	922908512
SPHQ	1INVESCO EXCHANGE TRADED FD T	4,836 (-2.2%)	$364 (-2.1%)	0.3%	$52.10	—	S&P500 QUALITY	46137V241

Unchanged Positions (36)

XLK SELECT SECTOR SPDR TR 4.1%

Value ($000) $5,652 Shares 42,528 Est. Cost $200.20 Unrealized —

COST COSTCO WHOLESALE CORPORATION 2.1%

Value ($000) $2,840 Shares 2,850 Est. Cost $322.38 Unrealized +199.0%

GOOGL ALPHABET INC 2.8%

Value ($000) $3,884 Shares 13,506 Est. Cost $114.72 Unrealized +181.8%

FENY FIDELITY COVINGTON TRUST 0.7%

Value ($000) $891 Shares 26,199 Est. Cost $11.04 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $888 Shares 1,926 Est. Cost $291.78 Unrealized +78.5%

XLE SELECT SECTOR SPDR TR 0.5%

Value ($000) $714 Shares 11,654 Est. Cost $64.97 Unrealized —

XOM EXXON MOBIL CORP 0.4%

Value ($000) $598 Shares 3,523 Est. Cost $107.21 Unrealized +29.4%

VFH VANGUARD WORLD FD 1.2%

Value ($000) $1,601 Shares 13,249 Est. Cost $127.30 Unrealized —

BAC BANK AMERICA CORP 0.9%

Value ($000) $1,183 Shares 24,263 Est. Cost $28.96 Unrealized +85.3%

SPGI S&P GLOBAL INC 0.4%

Value ($000) $553 Shares 1,299 Est. Cost $394.19 Unrealized +23.1%

ACN ACCENTURE PLC IRELAND 0.3%

Value ($000) $348 Shares 1,755 Est. Cost $221.22 Unrealized +14.5%

HON HONEYWELL INTL INC 0.6%

Value ($000) $778 Shares 3,443 Est. Cost $153.64 Unrealized +47.1%

QCOM QUALCOMM INC 0.2%

Value ($000) $309 Shares 2,400 Est. Cost $121.33 Unrealized +26.8%

IBM INTERNATIONAL BUSINESS MACHS 0.3%

Value ($000) $403 Shares 1,661 Est. Cost $144.76 Unrealized +96.1%

ADI ANALOG DEVICES INC 0.4%

Value ($000) $589 Shares 1,850 Est. Cost $128.41 Unrealized +146.2%

ELV ELEVANCE HEALTH INC FORMERLY 0.3%

Value ($000) $428 Shares 1,461 Est. Cost $300.20 Unrealized +17.1%

MRK MERCK & CO INC 0.5%

Value ($000) $664 Shares 5,522 Est. Cost $80.54 Unrealized +41.9%

AMD ADVANCED MICRO DEVICES INC 0.8%

Value ($000) $1,150 Shares 5,652 Est. Cost $121.76 Unrealized +82.1%

ABT ABBOTT LABORATORIES 0.2%

Value ($000) $213 Shares 2,071 Est. Cost $126.22 Unrealized -8.6%

GOOG ALPHABET INC 0.4%

Value ($000) $493 Shares 1,718 Est. Cost $108.05 Unrealized +199.6%

MCK MCKESSON CORP 0.6%

Value ($000) $831 Shares 960 Est. Cost $166.03 Unrealized +427.3%

NEE NEXTERA ENERGY INC 0.2%

Value ($000) $300 Shares 3,232 Est. Cost $64.09 Unrealized +36.0%

FCX FREEPORT MCMORAN INC 0.2%

Value ($000) $279 Shares 4,750 Est. Cost $43.31 Unrealized +41.1%

VO VANGUARD INDEX FDS 2.4%

Value ($000) $3,330 Shares 11,595 Est. Cost $279.83 Unrealized —

MS MORGAN STANLEY 0.3%

Value ($000) $419 Shares 2,543 Est. Cost $90.80 Unrealized +97.9%

GS GOLDMAN SACHS GROUP INC 0.6%

Value ($000) $766 Shares 905 Est. Cost $240.34 Unrealized +288.0%

WMT WALMART INC 0.2%

Value ($000) $284 Shares 2,285 Est. Cost $94.97 Unrealized +28.5%

ABBV ABBVIE INC 0.3%

Value ($000) $418 Shares 1,923 Est. Cost $191.53 Unrealized +16.2%

ITW ILLINOIS TOOL WKS INC 0.3%

Value ($000) $390 Shares 1,499 Est. Cost $166.23 Unrealized +64.4%

HELO J P MORGAN EXCHANGE TRADED F 0.4%

Value ($000) $487 Shares 7,617 Est. Cost $56.72 Unrealized —

MAR MARRIOTT INTL INC NEW 0.2%

Value ($000) $335 Shares 1,023 Est. Cost $128.46 Unrealized +157.5%

VB VANGUARD INDEX FDS 0.8%

Value ($000) $1,126 Shares 4,300 Est. Cost $236.98 Unrealized —

MCD MCDONALDS CORP 0.6%

Value ($000) $835 Shares 2,687 Est. Cost $174.35 Unrealized +82.0%

RTX RTX CORPORATION 0.2%

Value ($000) $231 Shares 1,200 Est. Cost $154.28 Unrealized +27.4%

CGMU CAPITAL GRP FIXED INCM ETF T 0.5%

Value ($000) $704 Shares 25,925 Est. Cost $27.30 Unrealized —

ECL ECOLAB INC 0.2%

Value ($000) $233 Shares 874 Est. Cost $177.67 Unrealized +61.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLK	SELECT SECTOR SPDR TR	42,528	$5,652	4.1%	$200.20	—	STATE STREET TEC	81369Y803
COST	COSTCO WHOLESALE CORPORATION	2,850	$2,840	2.1%	$322.38	+199.0%	COM	22160K105
GOOGL	ALPHABET INC	13,506	$3,884	2.8%	$114.72	+181.8%	CAP STK CL A	02079K305
FENY	FIDELITY COVINGTON TRUST	26,199	$891	0.7%	$11.04	—	MSCI ENERGY IDX	316092402
ISRG	INTUITIVE SURGICAL INC	1,926	$888	0.6%	$291.78	+78.5%	COM NEW	46120E602
XLE	SELECT SECTOR SPDR TR	11,654	$714	0.5%	$64.97	—	STATE STREET ENE	81369Y506
XOM	EXXON MOBIL CORP	3,523	$598	0.4%	$107.21	+29.4%	COM	30231G102
VFH	VANGUARD WORLD FD	13,249	$1,601	1.2%	$127.30	—	FINANCIALS ETF	92204A405
BAC	BANK AMERICA CORP	24,263	$1,183	0.9%	$28.96	+85.3%	COM	060505104
SPGI	S&P GLOBAL INC	1,299	$553	0.4%	$394.19	+23.1%	COM	78409V104
ACN	ACCENTURE PLC IRELAND	1,755	$348	0.3%	$221.22	+14.5%	SHS CLASS A	G1151C101
HON	HONEYWELL INTL INC	3,443	$778	0.6%	$153.64	+47.1%	COM	438516106
QCOM	QUALCOMM INC	2,400	$309	0.2%	$121.33	+26.8%	COM	747525103
IBM	INTERNATIONAL BUSINESS MACHS	1,661	$403	0.3%	$144.76	+96.1%	COM	459200101
ADI	ANALOG DEVICES INC	1,850	$589	0.4%	$128.41	+146.2%	COM	032654105
ELV	ELEVANCE HEALTH INC FORMERLY	1,461	$428	0.3%	$300.20	+17.1%	COM	036752103
MRK	MERCK & CO INC	5,522	$664	0.5%	$80.54	+41.9%	COM	58933Y105
AMD	ADVANCED MICRO DEVICES INC	5,652	$1,150	0.8%	$121.76	+82.1%	COM	007903107
ABT	ABBOTT LABORATORIES	2,071	$213	0.2%	$126.22	-8.6%	COM	002824100
GOOG	ALPHABET INC	1,718	$493	0.4%	$108.05	+199.6%	CAP STK CL C	02079K107
MCK	MCKESSON CORP	960	$831	0.6%	$166.03	+427.3%	COM	58155Q103
NEE	NEXTERA ENERGY INC	3,232	$300	0.2%	$64.09	+36.0%	COM	65339F101
FCX	FREEPORT MCMORAN INC	4,750	$279	0.2%	$43.31	+41.1%	CL B	35671D857
VO	VANGUARD INDEX FDS	11,595	$3,330	2.4%	$279.83	—	MID CAP ETF	922908629
MS	MORGAN STANLEY	2,543	$419	0.3%	$90.80	+97.9%	COM NEW	617446448
GS	GOLDMAN SACHS GROUP INC	905	$766	0.6%	$240.34	+288.0%	COM	38141G104
WMT	WALMART INC	2,285	$284	0.2%	$94.97	+28.5%	COM	931142103
ABBV	ABBVIE INC	1,923	$418	0.3%	$191.53	+16.2%	COM	00287Y109
ITW	ILLINOIS TOOL WKS INC	1,499	$390	0.3%	$166.23	+64.4%	COM	452308109
HELO	J P MORGAN EXCHANGE TRADED F	7,617	$487	0.4%	$56.72	—	HEDGED EQUITY LA	46654Q724
MAR	MARRIOTT INTL INC NEW	1,023	$335	0.2%	$128.46	+157.5%	CL A	571903202
VB	VANGUARD INDEX FDS	4,300	$1,126	0.8%	$236.98	—	SMALL CP ETF	922908751
MCD	MCDONALDS CORP	2,687	$835	0.6%	$174.35	+82.0%	COM	580135101
RTX	RTX CORPORATION	1,200	$231	0.2%	$154.28	+27.4%	COM	75513E101
CGMU	CAPITAL GRP FIXED INCM ETF T	25,925	$704	0.5%	$27.30	—	MUNICIPAL INCOME	14020Y201
ECL	ECOLAB INC	874	$233	0.2%	$177.67	+61.1%	COM	278865100