HMS Capital Management, LLC Hedge Fund

CIK: 0001689470 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 16, 2026

Total Value ($000): $241,690 (100.0% shares, 0.0% debt)

Holdings (103)

New Positions (3)

RKT ROCKET COS INC 0.4%

Value ($000) $974 Shares 50,298 Est. Cost $17.88 Unrealized 0.0%

CAH CARDINAL HEALTH INC 0.1%

Value ($000) $224 Shares 1,088 Est. Cost $187.72 Unrealized 0.0%

CEG CONSTELLATION ENERGY CORP 0.1%

Value ($000) $222 Shares 629 Est. Cost $363.20 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RKT	ROCKET COS INC	50,298	$974	0.4%	$17.88	0.0%	COM CL A	77311W101
CAH	CARDINAL HEALTH INC	1,088	$224	0.1%	$187.72	0.0%	COM	14149Y108
CEG	CONSTELLATION ENERGY CORP	629	$222	0.1%	$363.20	0.0%	COM	21037T109

Increased Positions (10)

NFLX NETFLIX INC 1.1%

Value ($000) $2,593 (-23.0%) Shares 27,659 (+884.7%) Est. Cost $100.91 Unrealized +6.8%

LQD ISHARES TR 6.5%

Value ($000) $15,664 (+2.5%) Shares 142,156 (+3.7%) Est. Cost $108.25 Unrealized —

IJK ISHARES TR 0.3%

Value ($000) $638 (+76.3%) Shares 6,582 (+74.5%) Est. Cost $86.76 Unrealized —

IWD ISHARES TR 1.0%

Value ($000) $2,312 (+5.4%) Shares 10,992 (+2.0%) Est. Cost $158.25 Unrealized —

MUB ISHARES TR 0.6%

Value ($000) $1,521 (+6.5%) Shares 14,198 (+5.9%) Est. Cost $107.68 Unrealized —

NOW SERVICENOW INC 0.2%

Value ($000) $454 (-16.8%) Shares 2,965 (+400.0%) Est. Cost $151.93 Unrealized +12.9%

IWP ISHARES TR 1.9%

Value ($000) $4,473 (-1.9%) Shares 32,665 (+2.0%) Est. Cost $110.85 Unrealized —

XLE SELECT SECTOR SPDR TR 1.5%

Value ($000) $3,590 (-1.3%) Shares 80,289 (+97.2%) Est. Cost $51.73 Unrealized —

CWB SPDR SERIES TRUST 2.6%

Value ($000) $6,260 (-0.2%) Shares 70,180 (+1.3%) Est. Cost $78.66 Unrealized —

XLK SELECT SECTOR SPDR TR 0.2%

Value ($000) $397 (+2.2%) Shares 2,760 (+100.0%) Est. Cost $170.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	27,659 (+884.7%)	$2,593 (-23.0%)	1.1%	$100.91	+6.8%	COM	64110L106
LQD	ISHARES TR	142,156 (+3.7%)	$15,664 (+2.5%)	6.5%	$108.25	—	IBOXX INV CP ETF	464287242
IJK	ISHARES TR	6,582 (+74.5%)	$638 (+76.3%)	0.3%	$86.76	—	S&P MC 400GR ETF	464287606
IWD	ISHARES TR	10,992 (+2.0%)	$2,312 (+5.4%)	1.0%	$158.25	—	RUS 1000 VAL ETF	464287598
MUB	ISHARES TR	14,198 (+5.9%)	$1,521 (+6.5%)	0.6%	$107.68	—	NATIONAL MUN ETF	464288414
NOW	SERVICENOW INC	2,965 (+400.0%)	$454 (-16.8%)	0.2%	$151.93	+12.9%	COM	81762P102
IWP	ISHARES TR	32,665 (+2.0%)	$4,473 (-1.9%)	1.9%	$110.85	—	RUS MD CP GR ETF	464287481
XLE	SELECT SECTOR SPDR TR	80,289 (+97.2%)	$3,590 (-1.3%)	1.5%	$51.73	—	STATE STREET ENE	81369Y506
CWB	SPDR SERIES TRUST	70,180 (+1.3%)	$6,260 (-0.2%)	2.6%	$78.66	—	STATE STREET SPD	78464A359
XLK	SELECT SECTOR SPDR TR	2,760 (+100.0%)	$397 (+2.2%)	0.2%	$170.58	—	STATE STREET TEC	81369Y803

Exited Positions (7)

— MR COOPER GROUP INC 0.4%

Value ($000) $977 Shares 4,633 Est. Cost $81.23 Unrealized —

WAY WAYSTAR HLDG CORP 0.1%

Value ($000) $356 Shares 9,379 Est. Cost $39.58 Unrealized -10.0%

SFM SPROUTS FMRS MKT INC 0.1%

Value ($000) $276 Shares 2,540 Est. Cost $163.39 Unrealized -45.1%

LIN LINDE PLC 0.1%

Value ($000) $213 Shares 448 Est. Cost $322.30 Unrealized +32.6%

SE SEA LTD 0.1%

Value ($000) $210 Shares 1,177 Est. Cost $178.73 Unrealized —

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $209 Shares 226 Est. Cost $391.70 Unrealized +131.2%

HIMS HIMS & HERS HEALTH INC 0.1%

Value ($000) $206 Shares 3,629 Est. Cost $51.24 Unrealized -16.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MR COOPER GROUP INC	4,633	$977	0.4%	$81.23	—	—	62482R107
WAY	WAYSTAR HLDG CORP	9,379	$356	0.1%	$39.58	-10.0%	—	946784105
SFM	SPROUTS FMRS MKT INC	2,540	$276	0.1%	$163.39	-45.1%	—	85208M102
LIN	LINDE PLC	448	$213	0.1%	$322.30	+32.6%	—	G54950103
SE	SEA LTD	1,177	$210	0.1%	$178.73	—	—	81141R100
COST	COSTCO WHSL CORP NEW	226	$209	0.1%	$391.70	+131.2%	—	22160K105
HIMS	HIMS & HERS HEALTH INC	3,629	$206	0.1%	$51.24	-16.4%	—	433000106

Decreased Positions (42)

MU MICRON TECHNOLOGY INC 2.3%

Value ($000) $5,452 (+67.0%) Shares 19,101 (-2.1%) Est. Cost $65.72 Unrealized +249.0%

SPY SPDR S&P 500 ETF TR 15.8%

Value ($000) $38,262 (+4.8%) Shares 56,110 (-30.2%) Est. Cost $371.31 Unrealized —

GOOGL ALPHABET INC 1.8%

Value ($000) $4,278 (+27.4%) Shares 13,667 (-1.1%) Est. Cost $112.13 Unrealized +154.7%

MSFT MICROSOFT CORP 2.3%

Value ($000) $5,445 (-13.9%) Shares 11,259 (-7.8%) Est. Cost $165.89 Unrealized +201.8%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $538 (-54.3%) Shares 2,006 (-58.0%) Est. Cost $234.19 Unrealized +8.5%

LLY ELI LILLY & CO 0.8%

Value ($000) $1,920 (+38.8%) Shares 1,787 (-1.4%) Est. Cost $817.61 Unrealized +16.9%

CMG CHIPOTLE MEXICAN GRILL INC 0.5%

Value ($000) $1,275 (-27.3%) Shares 34,459 (-23.0%) Est. Cost $61.35 Unrealized -41.0%

AA ALCOA CORP 0.5%

Value ($000) $1,115 (+58.1%) Shares 20,979 (-2.1%) Est. Cost $34.34 Unrealized +19.1%

FTNT FORTINET INC 0.9%

Value ($000) $2,163 (-14.6%) Shares 27,234 (-9.5%) Est. Cost $53.48 Unrealized +55.1%

PH PARKER-HANNIFIN CORP 1.1%

Value ($000) $2,556 (+14.6%) Shares 2,908 (-1.2%) Est. Cost $425.95 Unrealized +92.0%

PG PROCTER AND GAMBLE CO 0.5%

Value ($000) $1,249 (-17.9%) Shares 8,713 (-11.9%) Est. Cost $110.32 Unrealized +33.4%

AJG GALLAGHER ARTHUR J & CO 0.4%

Value ($000) $1,074 (-17.7%) Shares 4,151 (-1.6%) Est. Cost $233.70 Unrealized +13.1%

CPRT COPART INC 0.3%

Value ($000) $754 (-20.1%) Shares 19,256 (-8.2%) Est. Cost $35.53 Unrealized +16.7%

AVGO BROADCOM INC 2.1%

Value ($000) $5,187 (+3.8%) Shares 14,987 (-1.1%) Est. Cost $147.01 Unrealized +142.8%

AIQ GLOBAL X FDS 4.1%

Value ($000) $9,990 (+1.9%) Shares 196,426 (-1.0%) Est. Cost $33.58 Unrealized —

HCA HCA HEALTHCARE INC 1.0%

Value ($000) $2,445 (+8.2%) Shares 5,236 (-1.2%) Est. Cost $231.44 Unrealized +100.4%

NVDA NVIDIA CORPORATION 3.8%

Value ($000) $9,251 (-1.9%) Shares 49,604 (-1.9%) Est. Cost $93.32 Unrealized +99.4%

AAPL APPLE INC 1.7%

Value ($000) $4,007 (+4.7%) Shares 14,738 (-1.9%) Est. Cost $113.44 Unrealized +136.5%

SJM SMUCKER J M CO 0.4%

Value ($000) $916 (-16.1%) Shares 9,369 (-6.8%) Est. Cost $104.46 Unrealized -1.5%

HYG ISHARES TR 1.3%

Value ($000) $3,250 (-5.1%) Shares 40,312 (-4.5%) Est. Cost $76.64 Unrealized —

WMT WALMART INC 1.0%

Value ($000) $2,357 (+7.0%) Shares 21,160 (-1.0%) Est. Cost $56.44 Unrealized +89.9%

STLD STEEL DYNAMICS INC 0.4%

Value ($000) $919 (+20.0%) Shares 5,421 (-1.3%) Est. Cost $125.51 Unrealized +26.2%

VRTX VERTEX PHARMACEUTICALS INC 0.1%

Value ($000) $225 (-39.1%) Shares 497 (-47.4%) Est. Cost $355.34 Unrealized +21.3%

STRL STERLING INFRASTRUCTURE INC 0.4%

Value ($000) $969 (-11.4%) Shares 3,163 (-1.7%) Est. Cost $47.64 Unrealized +623.3%

IREN IREN LIMITED 0.2%

Value ($000) $433 (-20.7%) Shares 11,461 (-1.5%) Est. Cost $24.29 Unrealized +112.4%

ROAD CONSTRUCTION PARTNERS INC 0.2%

Value ($000) $592 (-15.8%) Shares 5,452 (-1.4%) Est. Cost $61.62 Unrealized +82.7%

AMZN AMAZON COM INC 1.4%

Value ($000) $3,331 (+3.2%) Shares 14,433 (-1.9%) Est. Cost $126.84 Unrealized +80.4%

AGI ALAMOS GOLD INC NEW 0.4%

Value ($000) $957 (+9.3%) Shares 24,818 (-1.2%) Est. Cost $15.57 Unrealized +123.8%

ANET ARISTA NETWORKS INC 0.2%

Value ($000) $397 (-11.7%) Shares 3,028 (-1.8%) Est. Cost $102.84 Unrealized +33.9%

AHR AMERICAN HEALTHCARE REIT INC 0.2%

Value ($000) $526 (+10.6%) Shares 11,167 (-1.3%) Est. Cost $36.74 Unrealized —

BKNG BOOKING HOLDINGS INC 1.0%

Value ($000) $2,485 (-1.8%) Shares 464 (-1.1%) Est. Cost $2439.25 Unrealized +110.6%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.1%

Value ($000) $258 (-13.6%) Shares 3,145 (-1.5%) Est. Cost $56.89 Unrealized +44.2%

VIK VIKING HOLDINGS LTD 0.1%

Value ($000) $326 (+12.4%) Shares 4,571 (-2.2%) Est. Cost $44.14 Unrealized +44.6%

JPM JPMORGAN CHASE & CO. 1.4%

Value ($000) $3,376 (+1.0%) Shares 10,477 (-1.1%) Est. Cost $116.09 Unrealized +166.6%

SKWD SKYWARD SPECIALTY INS GROUP 0.2%

Value ($000) $519 (+5.9%) Shares 10,147 (-1.5%) Est. Cost $36.27 Unrealized +32.5%

MPWR MONOLITHIC PWR SYS INC 0.3%

Value ($000) $650 (-3.0%) Shares 717 (-1.5%) Est. Cost $384.08 Unrealized +150.1%

VOO VANGUARD INDEX FDS 0.7%

Value ($000) $1,767 (+1.1%) Shares 2,818 (-1.3%) Est. Cost $378.75 Unrealized —

QCOM QUALCOMM INC 0.6%

Value ($000) $1,478 (+1.3%) Shares 8,641 (-1.5%) Est. Cost $107.70 Unrealized +58.6%

NVT NVENT ELECTRIC PLC 0.2%

Value ($000) $562 (+2.3%) Shares 5,508 (-1.0%) Est. Cost $52.76 Unrealized +96.4%

CW CURTISS WRIGHT CORP 0.3%

Value ($000) $830 (-1.1%) Shares 1,505 (-2.6%) Est. Cost $231.38 Unrealized +141.0%

IVW ISHARES TR 0.4%

Value ($000) $889 (+1.0%) Shares 7,210 (-1.0%) Est. Cost $86.37 Unrealized —

NVMI NOVA LTD 0.3%

Value ($000) $609 (+1.3%) Shares 1,853 (-1.4%) Est. Cost $93.63 Unrealized +243.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	19,101 (-2.1%)	$5,452 (+67.0%)	2.3%	$65.72	+249.0%	COM	595112103
SPY	SPDR S&P 500 ETF TR	56,110 (-30.2%)	$38,262 (+4.8%)	15.8%	$371.31	—	TR UNIT	78462F103
GOOGL	ALPHABET INC	13,667 (-1.1%)	$4,278 (+27.4%)	1.8%	$112.13	+154.7%	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	11,259 (-7.8%)	$5,445 (-13.9%)	2.3%	$165.89	+201.8%	COM	594918104
ACN	ACCENTURE PLC IRELAND	2,006 (-58.0%)	$538 (-54.3%)	0.2%	$234.19	+8.5%	SHS CLASS A	G1151C101
LLY	ELI LILLY & CO	1,787 (-1.4%)	$1,920 (+38.8%)	0.8%	$817.61	+16.9%	COM	532457108
CMG	CHIPOTLE MEXICAN GRILL INC	34,459 (-23.0%)	$1,275 (-27.3%)	0.5%	$61.35	-41.0%	COM	169656105
AA	ALCOA CORP	20,979 (-2.1%)	$1,115 (+58.1%)	0.5%	$34.34	+19.1%	COM	013872106
FTNT	FORTINET INC	27,234 (-9.5%)	$2,163 (-14.6%)	0.9%	$53.48	+55.1%	COM	34959E109
PH	PARKER-HANNIFIN CORP	2,908 (-1.2%)	$2,556 (+14.6%)	1.1%	$425.95	+92.0%	COM	701094104
PG	PROCTER AND GAMBLE CO	8,713 (-11.9%)	$1,249 (-17.9%)	0.5%	$110.32	+33.4%	COM	742718109
AJG	GALLAGHER ARTHUR J & CO	4,151 (-1.6%)	$1,074 (-17.7%)	0.4%	$233.70	+13.1%	COM	363576109
CPRT	COPART INC	19,256 (-8.2%)	$754 (-20.1%)	0.3%	$35.53	+16.7%	COM	217204106
AVGO	BROADCOM INC	14,987 (-1.1%)	$5,187 (+3.8%)	2.1%	$147.01	+142.8%	COM	11135F101
AIQ	GLOBAL X FDS	196,426 (-1.0%)	$9,990 (+1.9%)	4.1%	$33.58	—	ARTIFICIAL ETF	37954Y632
HCA	HCA HEALTHCARE INC	5,236 (-1.2%)	$2,445 (+8.2%)	1.0%	$231.44	+100.4%	COM	40412C101
NVDA	NVIDIA CORPORATION	49,604 (-1.9%)	$9,251 (-1.9%)	3.8%	$93.32	+99.4%	COM	67066G104
AAPL	APPLE INC	14,738 (-1.9%)	$4,007 (+4.7%)	1.7%	$113.44	+136.5%	COM	037833100
SJM	SMUCKER J M CO	9,369 (-6.8%)	$916 (-16.1%)	0.4%	$104.46	-1.5%	COM NEW	832696405
HYG	ISHARES TR	40,312 (-4.5%)	$3,250 (-5.1%)	1.3%	$76.64	—	IBOXX HI YD ETF	464288513
WMT	WALMART INC	21,160 (-1.0%)	$2,357 (+7.0%)	1.0%	$56.44	+89.9%	COM	931142103
STLD	STEEL DYNAMICS INC	5,421 (-1.3%)	$919 (+20.0%)	0.4%	$125.51	+26.2%	COM	858119100
VRTX	VERTEX PHARMACEUTICALS INC	497 (-47.4%)	$225 (-39.1%)	0.1%	$355.34	+21.3%	COM	92532F100
STRL	STERLING INFRASTRUCTURE INC	3,163 (-1.7%)	$969 (-11.4%)	0.4%	$47.64	+623.3%	COM	859241101
IREN	IREN LIMITED	11,461 (-1.5%)	$433 (-20.7%)	0.2%	$24.29	+112.4%	ORDINARY SHARES	Q4982L109
ROAD	CONSTRUCTION PARTNERS INC	5,452 (-1.4%)	$592 (-15.8%)	0.2%	$61.62	+82.7%	COM CL A	21044C107
AMZN	AMAZON COM INC	14,433 (-1.9%)	$3,331 (+3.2%)	1.4%	$126.84	+80.4%	COM	023135106
AGI	ALAMOS GOLD INC NEW	24,818 (-1.2%)	$957 (+9.3%)	0.4%	$15.57	+123.8%	COM CL A	011532108
ANET	ARISTA NETWORKS INC	3,028 (-1.8%)	$397 (-11.7%)	0.2%	$102.84	+33.9%	COM SHS	040413205
AHR	AMERICAN HEALTHCARE REIT INC	11,167 (-1.3%)	$526 (+10.6%)	0.2%	$36.74	—	COM SHS	398182303
BKNG	BOOKING HOLDINGS INC	464 (-1.1%)	$2,485 (-1.8%)	1.0%	$2439.25	+110.6%	COM	09857L108
MMYT	MAKEMYTRIP LIMITED MAURITIUS	3,145 (-1.5%)	$258 (-13.6%)	0.1%	$56.89	+44.2%	SHS	V5633W109
VIK	VIKING HOLDINGS LTD	4,571 (-2.2%)	$326 (+12.4%)	0.1%	$44.14	+44.6%	ORD SHS	G93A5A101
JPM	JPMORGAN CHASE & CO.	10,477 (-1.1%)	$3,376 (+1.0%)	1.4%	$116.09	+166.6%	COM	46625H100
SKWD	SKYWARD SPECIALTY INS GROUP	10,147 (-1.5%)	$519 (+5.9%)	0.2%	$36.27	+32.5%	COM	830940102
MPWR	MONOLITHIC PWR SYS INC	717 (-1.5%)	$650 (-3.0%)	0.3%	$384.08	+150.1%	COM	609839105
VOO	VANGUARD INDEX FDS	2,818 (-1.3%)	$1,767 (+1.1%)	0.7%	$378.75	—	S&P 500 ETF SHS	922908363
QCOM	QUALCOMM INC	8,641 (-1.5%)	$1,478 (+1.3%)	0.6%	$107.70	+58.6%	COM	747525103
NVT	NVENT ELECTRIC PLC	5,508 (-1.0%)	$562 (+2.3%)	0.2%	$52.76	+96.4%	SHS	G6700G107
CW	CURTISS WRIGHT CORP	1,505 (-2.6%)	$830 (-1.1%)	0.3%	$231.38	+141.0%	COM	231561101
IVW	ISHARES TR	7,210 (-1.0%)	$889 (+1.0%)	0.4%	$86.37	—	S&P 500 GRWT ETF	464287309
NVMI	NOVA LTD	1,853 (-1.4%)	$609 (+1.3%)	0.3%	$93.63	+243.4%	COM	M7516K103

Unchanged Positions (48)

EFA ISHARES TR 7.6%

Value ($000) $18,411 Shares 191,720 Est. Cost $89.79 Unrealized —

GS GOLDMAN SACHS GROUP INC 2.3%

Value ($000) $5,486 Shares 6,241 Est. Cost $268.37 Unrealized +203.1%

AMD ADVANCED MICRO DEVICES INC 0.8%

Value ($000) $1,991 Shares 9,295 Est. Cost $116.75 Unrealized +92.4%

META META PLATFORMS INC 1.2%

Value ($000) $2,830 Shares 4,287 Est. Cost $273.74 Unrealized +143.8%

MSI MOTOROLA SOLUTIONS INC 0.6%

Value ($000) $1,545 Shares 4,030 Est. Cost $220.84 Unrealized +81.5%

QQQ INVESCO QQQ TR 5.3%

Value ($000) $12,908 Shares 21,012 Est. Cost $352.69 Unrealized —

URI UNITED RENTALS INC 0.5%

Value ($000) $1,133 Shares 1,399 Est. Cost $691.68 Unrealized +25.4%

CDNS CADENCE DESIGN SYSTEM INC 0.6%

Value ($000) $1,363 Shares 4,360 Est. Cost $294.53 Unrealized +10.8%

CLS CELESTICA INC 0.4%

Value ($000) $1,062 Shares 3,591 Est. Cost $106.09 Unrealized +184.1%

MCK MCKESSON CORP 1.4%

Value ($000) $3,393 Shares 4,136 Est. Cost $323.53 Unrealized +152.1%

MTSI MACOM TECH SOLUTIONS HLDGS I 0.2%

Value ($000) $521 Shares 3,039 Est. Cost $125.79 Unrealized +26.2%

BAC BANK AMERICA CORP 1.1%

Value ($000) $2,616 Shares 47,571 Est. Cost $42.72 Unrealized +23.3%

FIX COMFORT SYS USA INC 0.5%

Value ($000) $1,206 Shares 1,293 Est. Cost $160.06 Unrealized +476.6%

CRS CARPENTER TECHNOLOGY CORP 0.2%

Value ($000) $553 Shares 1,757 Est. Cost $192.09 Unrealized +56.5%

CSW CSW INDUSTRIALS INC 0.3%

Value ($000) $662 Shares 2,254 Est. Cost $246.49 Unrealized +8.0%

J JACOBS SOLUTIONS INC 0.3%

Value ($000) $754 Shares 5,692 Est. Cost $103.68 Unrealized +41.2%

SYK STRYKER CORPORATION 0.6%

Value ($000) $1,470 Shares 4,182 Est. Cost $330.58 Unrealized +9.9%

UTHR UNITED THERAPEUTICS CORP DEL 0.3%

Value ($000) $615 Shares 1,263 Est. Cost $337.80 Unrealized +37.9%

APPF APPFOLIO INC 0.1%

Value ($000) $347 Shares 1,493 Est. Cost $215.65 Unrealized +10.2%

FOUR SHIFT4 PMTS INC 0.1%

Value ($000) $278 Shares 4,421 Est. Cost $64.45 Unrealized +9.6%

NFG NATIONAL FUEL GAS CO 0.2%

Value ($000) $377 Shares 4,714 Est. Cost $71.92 Unrealized +14.6%

FTI TECHNIPFMC PLC 0.2%

Value ($000) $539 Shares 12,107 Est. Cost $26.26 Unrealized +60.7%

TBBK BANCORP INC DEL 0.2%

Value ($000) $487 Shares 7,212 Est. Cost $48.32 Unrealized +42.8%

KO COCA COLA CO 0.5%

Value ($000) $1,270 Shares 18,166 Est. Cost $57.42 Unrealized +20.9%

CB CHUBB LIMITED 0.2%

Value ($000) $558 Shares 1,787 Est. Cost $188.07 Unrealized +55.5%

SN SHARKNINJA INC 0.3%

Value ($000) $649 Shares 5,800 Est. Cost $70.43 Unrealized +39.9%

SCCO SOUTHERN COPPER CORP 0.1%

Value ($000) $250 Shares 1,743 Est. Cost $97.73 Unrealized +35.8%

GPC GENUINE PARTS CO 0.1%

Value ($000) $271 Shares 2,200 Est. Cost $116.83 Unrealized +10.1%

XHB SPDR SERIES TRUST 0.1%

Value ($000) $357 Shares 3,471 Est. Cost $109.68 Unrealized —

ONON ON HLDG AG 0.1%

Value ($000) $329 Shares 7,086 Est. Cost $52.55 Unrealized -18.0%

WM WASTE MGMT INC DEL 0.7%

Value ($000) $1,797 Shares 8,179 Est. Cost $138.56 Unrealized +53.4%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $346 Shares 2,873 Est. Cost $79.58 Unrealized +45.1%

IWF ISHARES TR 0.9%

Value ($000) $2,069 Shares 4,371 Est. Cost $235.44 Unrealized —

IVV ISHARES TR 0.3%

Value ($000) $709 Shares 1,035 Est. Cost $312.75 Unrealized —

EXLS EXLSERVICE HOLDINGS INC 0.1%

Value ($000) $333 Shares 7,846 Est. Cost $48.11 Unrealized -15.0%

HWM HOWMET AEROSPACE INC 0.1%

Value ($000) $345 Shares 1,681 Est. Cost $153.62 Unrealized +29.5%

USFD US FOODS HLDG CORP 0.2%

Value ($000) $573 Shares 7,613 Est. Cost $39.68 Unrealized +89.2%

— PINNACLE FINL PARTNERS INC 0.2%

Value ($000) $502 Shares 5,260 Est. Cost $72.24 Unrealized —

V VISA INC 0.1%

Value ($000) $276 Shares 788 Est. Cost $242.67 Unrealized +40.3%

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $323 Shares 964 Est. Cost $179.18 Unrealized —

MA MASTERCARD INCORPORATED 0.8%

Value ($000) $1,858 Shares 3,255 Est. Cost $195.10 Unrealized +186.5%

AROC ARCHROCK INC 0.1%

Value ($000) $339 Shares 13,012 Est. Cost $26.04 Unrealized -5.4%

VIG VANGUARD SPECIALIZED FUNDS 0.1%

Value ($000) $353 Shares 1,607 Est. Cost $126.47 Unrealized —

CLH CLEAN HARBORS INC 0.2%

Value ($000) $464 Shares 1,978 Est. Cost $146.18 Unrealized +56.3%

AFL AFLAC INC 0.1%

Value ($000) $201 Shares 1,826 Est. Cost $104.19 Unrealized +5.4%

MCD MCDONALDS CORP 0.5%

Value ($000) $1,196 Shares 3,912 Est. Cost $230.53 Unrealized +32.3%

IWR ISHARES TR 0.2%

Value ($000) $423 Shares 4,393 Est. Cost $78.97 Unrealized —

TXRH TEXAS ROADHOUSE INC 0.2%

Value ($000) $451 Shares 2,715 Est. Cost $105.26 Unrealized +60.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EFA	ISHARES TR	191,720	$18,411	7.6%	$89.79	—	MSCI EAFE ETF	464287465
GS	GOLDMAN SACHS GROUP INC	6,241	$5,486	2.3%	$268.37	+203.1%	COM	38141G104
AMD	ADVANCED MICRO DEVICES INC	9,295	$1,991	0.8%	$116.75	+92.4%	COM	007903107
META	META PLATFORMS INC	4,287	$2,830	1.2%	$273.74	+143.8%	CL A	30303M102
MSI	MOTOROLA SOLUTIONS INC	4,030	$1,545	0.6%	$220.84	+81.5%	COM NEW	620076307
QQQ	INVESCO QQQ TR	21,012	$12,908	5.3%	$352.69	—	UNIT SER 1	46090E103
URI	UNITED RENTALS INC	1,399	$1,133	0.5%	$691.68	+25.4%	COM	911363109
CDNS	CADENCE DESIGN SYSTEM INC	4,360	$1,363	0.6%	$294.53	+10.8%	COM	127387108
CLS	CELESTICA INC	3,591	$1,062	0.4%	$106.09	+184.1%	COM	15101Q207
MCK	MCKESSON CORP	4,136	$3,393	1.4%	$323.53	+152.1%	COM	58155Q103
MTSI	MACOM TECH SOLUTIONS HLDGS I	3,039	$521	0.2%	$125.79	+26.2%	COM	55405Y100
BAC	BANK AMERICA CORP	47,571	$2,616	1.1%	$42.72	+23.3%	COM	060505104
FIX	COMFORT SYS USA INC	1,293	$1,206	0.5%	$160.06	+476.6%	COM	199908104
CRS	CARPENTER TECHNOLOGY CORP	1,757	$553	0.2%	$192.09	+56.5%	COM	144285103
CSW	CSW INDUSTRIALS INC	2,254	$662	0.3%	$246.49	+8.0%	COM	126402106
J	JACOBS SOLUTIONS INC	5,692	$754	0.3%	$103.68	+41.2%	COM	46982L108
SYK	STRYKER CORPORATION	4,182	$1,470	0.6%	$330.58	+9.9%	COM	863667101
UTHR	UNITED THERAPEUTICS CORP DEL	1,263	$615	0.3%	$337.80	+37.9%	COM	91307C102
APPF	APPFOLIO INC	1,493	$347	0.1%	$215.65	+10.2%	COM CL A	03783C100
FOUR	SHIFT4 PMTS INC	4,421	$278	0.1%	$64.45	+9.6%	CL A	82452J109
NFG	NATIONAL FUEL GAS CO	4,714	$377	0.2%	$71.92	+14.6%	COM	636180101
FTI	TECHNIPFMC PLC	12,107	$539	0.2%	$26.26	+60.7%	COM	G87110105
TBBK	BANCORP INC DEL	7,212	$487	0.2%	$48.32	+42.8%	COM	05969A105
KO	COCA COLA CO	18,166	$1,270	0.5%	$57.42	+20.9%	COM	191216100
CB	CHUBB LIMITED	1,787	$558	0.2%	$188.07	+55.5%	COM	H1467J104
SN	SHARKNINJA INC	5,800	$649	0.3%	$70.43	+39.9%	COM SHS	G8068L108
SCCO	SOUTHERN COPPER CORP	1,743	$250	0.1%	$97.73	+35.8%	COM	84265V105
GPC	GENUINE PARTS CO	2,200	$271	0.1%	$116.83	+10.1%	COM	372460105
XHB	SPDR SERIES TRUST	3,471	$357	0.1%	$109.68	—	STATE STREET SPD	78464A888
ONON	ON HLDG AG	7,086	$329	0.1%	$52.55	-18.0%	NAMEN AKT A	H5919C104
WM	WASTE MGMT INC DEL	8,179	$1,797	0.7%	$138.56	+53.4%	COM	94106L109
XOM	EXXON MOBIL CORP	2,873	$346	0.1%	$79.58	+45.1%	COM	30231G102
IWF	ISHARES TR	4,371	$2,069	0.9%	$235.44	—	RUS 1000 GRW ETF	464287614
IVV	ISHARES TR	1,035	$709	0.3%	$312.75	—	CORE S&P500 ETF	464287200
EXLS	EXLSERVICE HOLDINGS INC	7,846	$333	0.1%	$48.11	-15.0%	COM	302081104
HWM	HOWMET AEROSPACE INC	1,681	$345	0.1%	$153.62	+29.5%	COM	443201108
USFD	US FOODS HLDG CORP	7,613	$573	0.2%	$39.68	+89.2%	COM	912008109
—	PINNACLE FINL PARTNERS INC	5,260	$502	0.2%	$72.24	—	COM	72346Q104
V	VISA INC	788	$276	0.1%	$242.67	+40.3%	COM CL A	92826C839
VTI	VANGUARD INDEX FDS	964	$323	0.1%	$179.18	—	TOTAL STK MKT	922908769
MA	MASTERCARD INCORPORATED	3,255	$1,858	0.8%	$195.10	+186.5%	CL A	57636Q104
AROC	ARCHROCK INC	13,012	$339	0.1%	$26.04	-5.4%	COM	03957W106
VIG	VANGUARD SPECIALIZED FUNDS	1,607	$353	0.1%	$126.47	—	DIV APP ETF	921908844
CLH	CLEAN HARBORS INC	1,978	$464	0.2%	$146.18	+56.3%	COM	184496107
AFL	AFLAC INC	1,826	$201	0.1%	$104.19	+5.4%	COM	001055102
MCD	MCDONALDS CORP	3,912	$1,196	0.5%	$230.53	+32.3%	COM	580135101
IWR	ISHARES TR	4,393	$423	0.2%	$78.97	—	RUS MID CAP ETF	464287499
TXRH	TEXAS ROADHOUSE INC	2,715	$451	0.2%	$105.26	+60.3%	COM	882681109