Townsend & Associates, Inc Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSPF	COHEN & STEERS ETF TRUST	1,241,627	$32,493	2.9%	$26.17	—	PREFERRED AND IN	19249U203
TTE	TOTALENERGIES SE	314,733	$20,669	1.8%	$63.23	0.0%	ACT	F92124100
UL	UNILEVER PLC	27,009	$1,734	0.2%	$64.21	—	SPON ADR NEW	904767803
FTLF	FITLIFE BRANDS INC	16,656	$261	0.0%	$18.38	0.0%	COM NEW	33817P405
NE	NOBLE CORP PLC	7,300	$241	0.0%	$29.24	0.0%	ORD SHS A	G65431127
ENTG	ENTEGRIS INC	1,880	$213	0.0%	$86.76	0.0%	COM	29362U104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	620	$212	0.0%	$341.64	—	SPONSORED ADS	874039100
CSCO	CISCO SYS INC	2,807	$211	0.0%	$73.79	0.0%	COM	17275R102

Increased Positions (43)

BHP BHP GROUP LTD 3.7%

Value ($000) $41,340 (+20.4%) Shares 626,081 (+1.3%) Est. Cost $54.96 Unrealized —

NTR NUTRIEN LTD 3.7%

Value ($000) $41,569 (+19.8%) Shares 612,842 (+1.4%) Est. Cost $53.04 Unrealized +11.0%

GLD SPDR GOLD TR 4.0%

Value ($000) $45,143 (+10.3%) Shares 106,639 (+1.4%) Est. Cost $196.74 Unrealized —

UPS UNITED PARCEL SERVICE INC 1.5%

Value ($000) $16,455 (+28.4%) Shares 151,488 (+2.2%) Est. Cost $88.23 Unrealized +5.1%

AER AERCAP HOLDINGS NV 1.9%

Value ($000) $20,744 (+20.7%) Shares 144,427 (+1.2%) Est. Cost $93.76 Unrealized +41.3%

GNRC GENERAC HLDGS INC 1.8%

Value ($000) $19,787 (-14.0%) Shares 122,572 (+1.5%) Est. Cost $131.63 Unrealized +22.6%

HCA HCA HEALTHCARE INC 1.8%

Value ($000) $20,435 (+14.8%) Shares 42,238 (+1.2%) Est. Cost $360.54 Unrealized +28.6%

EW EDWARDS LIFESCIENCES CORP 1.5%

Value ($000) $16,362 (+15.2%) Shares 193,657 (+1.7%) Est. Cost $74.89 Unrealized +9.6%

WMT WALMART INC 1.6%

Value ($000) $18,207 (+12.9%) Shares 152,744 (+2.1%) Est. Cost $57.07 Unrealized +87.8%

GWW WW GRAINGER INC 1.4%

Value ($000) $15,457 (+14.1%) Shares 14,537 (+2.4%) Est. Cost $724.31 Unrealized +33.8%

TJX TJX COS INC NEW 1.6%

Value ($000) $18,162 (+10.4%) Shares 116,301 (+1.7%) Est. Cost $86.41 Unrealized +70.9%

AZO AUTOZONE INC 1.1%

Value ($000) $12,584 (-11.7%) Shares 3,631 (+2.7%) Est. Cost $2376.58 Unrealized +59.0%

SNA SNAP ON INC 1.7%

Value ($000) $19,379 (+8.5%) Shares 53,321 (+1.4%) Est. Cost $239.17 Unrealized +42.4%

MCK MCKESSON CORP 1.6%

Value ($000) $17,677 (+9.2%) Shares 20,941 (+1.7%) Est. Cost $705.57 Unrealized +15.6%

SHV ISHARES TR 6.1%

Value ($000) $68,852 (+1.5%) Shares 624,339 (+1.6%) Est. Cost $110.40 Unrealized —

KR KROGER CO 1.2%

Value ($000) $12,936 (-6.8%) Shares 207,014 (+2.9%) Est. Cost $68.13 Unrealized -4.3%

DEO DIAGEO PLC 1.2%

Value ($000) $13,699 (-5.6%) Shares 153,315 (+3.2%) Est. Cost $124.00 Unrealized —

TLT ISHARES TR 4.0%

Value ($000) $44,966 (-1.8%) Shares 509,184 (+1.5%) Est. Cost $92.12 Unrealized —

AIG AMERICAN INTL GROUP INC 2.7%

Value ($000) $29,752 (-2.5%) Shares 401,885 (+1.9%) Est. Cost $58.87 Unrealized +35.4%

DIS DISNEY WALT CO 1.6%

Value ($000) $18,407 (+4.3%) Shares 162,304 (+1.8%) Est. Cost $94.45 Unrealized +16.0%

WRB BERKLEY W R CORP 1.3%

Value ($000) $14,210 (-5.0%) Shares 206,808 (+2.4%) Est. Cost $46.29 Unrealized +57.2%

BKNG BOOKING HOLDINGS INC 1.3%

Value ($000) $14,059 (+4.8%) Shares 2,707 (+2.3%) Est. Cost $2937.85 Unrealized +74.9%

ISTB ISHARES TR 5.1%

Value ($000) $56,866 (+1.1%) Shares 1,166,721 (+1.5%) Est. Cost $47.32 Unrealized —

WM WASTE MGMT INC DEL 1.5%

Value ($000) $16,252 (+4.0%) Shares 73,920 (+1.9%) Est. Cost $162.44 Unrealized +30.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.7%

Value ($000) $30,291 (+2.0%) Shares 61,490 (+2.0%) Est. Cost $402.29 Unrealized +23.7%

CME CME GROUP INC 1.5%

Value ($000) $17,123 (+3.4%) Shares 62,814 (+1.6%) Est. Cost $183.71 Unrealized +47.4%

MSFT MICROSOFT CORP 0.3%

Value ($000) $3,394 (-9.8%) Shares 7,433 (+1.5%) Est. Cost $254.27 Unrealized +96.9%

JIII JANUS DETROIT STR TR 4.0%

Value ($000) $45,073 (+0.7%) Shares 889,725 (+1.6%) Est. Cost $50.34 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $2,087 (+14.9%) Shares 9,506 (+1.1%) Est. Cost $147.61 Unrealized +33.5%

NOMD NOMAD FOODS LTD 0.9%

Value ($000) $9,605 (+2.8%) Shares 806,459 (+5.4%) Est. Cost $16.45 Unrealized -25.8%

NVR NVR INC 0.3%

Value ($000) $3,598 (+7.0%) Shares 472 (+7.3%) Est. Cost $5776.76 Unrealized +29.4%

LYB LYONDELLBASELL INDUSTRIES N 0.2%

Value ($000) $1,789 (+14.1%) Shares 35,170 (+3.5%) Est. Cost $69.97 Unrealized -36.5%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $1,019 (+16.3%) Shares 7,889 (+1.1%) Est. Cost $95.96 Unrealized +20.3%

CAT CATERPILLAR INC 0.0%

Value ($000) $495 (+34.2%) Shares 765 (+9.3%) Est. Cost $436.45 Unrealized +27.3%

MHK MOHAWK INDS INC 1.5%

Value ($000) $16,852 (-0.7%) Shares 136,255 (+2.3%) Est. Cost $96.38 Unrealized +19.2%

CLX CLOROX CO DEL 0.1%

Value ($000) $1,575 (-5.2%) Shares 14,164 (+2.0%) Est. Cost $137.98 Unrealized -21.5%

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $1,358 (+5.7%) Shares 7,259 (+3.5%) Est. Cost $100.89 Unrealized +84.5%

RIG TRANSOCEAN LTD 0.0%

Value ($000) $126 (+54.4%) Shares 29,000 (+16.0%) Est. Cost $3.08 Unrealized +26.1%

JPM JPMORGAN CHASE & CO. 0.0%

Value ($000) $514 (+5.1%) Shares 1,661 (+1.1%) Est. Cost $125.82 Unrealized +146.0%

GRW TCW ETF TRUST 1.3%

Value ($000) $15,034 (+0.1%) Shares 477,963 (+1.1%) Est. Cost $31.75 Unrealized —

PFE PFIZER INC 0.0%

Value ($000) $233 (+8.1%) Shares 8,986 (+2.3%) Est. Cost $40.82 Unrealized -38.7%

NFLX NETFLIX INC 0.0%

Value ($000) $223 (+7.4%) Shares 2,530 (+1362.4%) Est. Cost $108.17 Unrealized -0.3%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $800 (-1.4%) Shares 5,532 (+3.2%) Est. Cost $132.92 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BHP	BHP GROUP LTD	626,081 (+1.3%)	$41,340 (+20.4%)	3.7%	$54.96	—	SPONSORED ADS	088606108
NTR	NUTRIEN LTD	612,842 (+1.4%)	$41,569 (+19.8%)	3.7%	$53.04	+11.0%	COM	67077M108
GLD	SPDR GOLD TR	106,639 (+1.4%)	$45,143 (+10.3%)	4.0%	$196.74	—	GOLD SHS	78463V107
UPS	UNITED PARCEL SERVICE INC	151,488 (+2.2%)	$16,455 (+28.4%)	1.5%	$88.23	+5.1%	CL B	911312106
AER	AERCAP HOLDINGS NV	144,427 (+1.2%)	$20,744 (+20.7%)	1.9%	$93.76	+41.3%	SHS	N00985106
GNRC	GENERAC HLDGS INC	122,572 (+1.5%)	$19,787 (-14.0%)	1.8%	$131.63	+22.6%	COM	368736104
HCA	HCA HEALTHCARE INC	42,238 (+1.2%)	$20,435 (+14.8%)	1.8%	$360.54	+28.6%	COM	40412C101
EW	EDWARDS LIFESCIENCES CORP	193,657 (+1.7%)	$16,362 (+15.2%)	1.5%	$74.89	+9.6%	COM	28176E108
WMT	WALMART INC	152,744 (+2.1%)	$18,207 (+12.9%)	1.6%	$57.07	+87.8%	COM	931142103
GWW	WW GRAINGER INC	14,537 (+2.4%)	$15,457 (+14.1%)	1.4%	$724.31	+33.8%	COM	384802104
TJX	TJX COS INC NEW	116,301 (+1.7%)	$18,162 (+10.4%)	1.6%	$86.41	+70.9%	COM	872540109
AZO	AUTOZONE INC	3,631 (+2.7%)	$12,584 (-11.7%)	1.1%	$2376.58	+59.0%	COM	053332102
SNA	SNAP ON INC	53,321 (+1.4%)	$19,379 (+8.5%)	1.7%	$239.17	+42.4%	COM	833034101
MCK	MCKESSON CORP	20,941 (+1.7%)	$17,677 (+9.2%)	1.6%	$705.57	+15.6%	COM	58155Q103
SHV	ISHARES TR	624,339 (+1.6%)	$68,852 (+1.5%)	6.1%	$110.40	—	TRUST ISHARE 0-1	464288679
KR	KROGER CO	207,014 (+2.9%)	$12,936 (-6.8%)	1.2%	$68.13	-4.3%	COM	501044101
DEO	DIAGEO PLC	153,315 (+3.2%)	$13,699 (-5.6%)	1.2%	$124.00	—	SPON ADR NEW	25243Q205
TLT	ISHARES TR	509,184 (+1.5%)	$44,966 (-1.8%)	4.0%	$92.12	—	20 YR TR BD ETF	464287432
AIG	AMERICAN INTL GROUP INC	401,885 (+1.9%)	$29,752 (-2.5%)	2.7%	$58.87	+35.4%	COM NEW	026874784
DIS	DISNEY WALT CO	162,304 (+1.8%)	$18,407 (+4.3%)	1.6%	$94.45	+16.0%	COM	254687106
WRB	BERKLEY W R CORP	206,808 (+2.4%)	$14,210 (-5.0%)	1.3%	$46.29	+57.2%	COM	084423102
BKNG	BOOKING HOLDINGS INC	2,707 (+2.3%)	$14,059 (+4.8%)	1.3%	$2937.85	+74.9%	COM	09857L108
ISTB	ISHARES TR	1,166,721 (+1.5%)	$56,866 (+1.1%)	5.1%	$47.32	—	CORE 1 5 YR USD	46432F859
WM	WASTE MGMT INC DEL	73,920 (+1.9%)	$16,252 (+4.0%)	1.5%	$162.44	+30.9%	COM	94106L109
BRK/B	BERKSHIRE HATHAWAY INC DEL	61,490 (+2.0%)	$30,291 (+2.0%)	2.7%	$402.29	+23.7%	CL B NEW	084670702
CME	CME GROUP INC	62,814 (+1.6%)	$17,123 (+3.4%)	1.5%	$183.71	+47.4%	COM	12572Q105
MSFT	MICROSOFT CORP	7,433 (+1.5%)	$3,394 (-9.8%)	0.3%	$254.27	+96.9%	COM	594918104
JIII	JANUS DETROIT STR TR	889,725 (+1.6%)	$45,073 (+0.7%)	4.0%	$50.34	—	HENDERSON INCOME	47103U712
JNJ	JOHNSON & JOHNSON	9,506 (+1.1%)	$2,087 (+14.9%)	0.2%	$147.61	+33.5%	COM	478160104
NOMD	NOMAD FOODS LTD	806,459 (+5.4%)	$9,605 (+2.8%)	0.9%	$16.45	-25.8%	USD ORD SHS	G6564A105
NVR	NVR INC	472 (+7.3%)	$3,598 (+7.0%)	0.3%	$5776.76	+29.4%	COM	62944T105
LYB	LYONDELLBASELL INDUSTRIES N	35,170 (+3.5%)	$1,789 (+14.1%)	0.2%	$69.97	-36.5%	SHS - A -	N53745100
XOM	EXXON MOBIL CORP	7,889 (+1.1%)	$1,019 (+16.3%)	0.1%	$95.96	+20.3%	COM	30231G102
CAT	CATERPILLAR INC	765 (+9.3%)	$495 (+34.2%)	0.0%	$436.45	+27.3%	COM	149123101
MHK	MOHAWK INDS INC	136,255 (+2.3%)	$16,852 (-0.7%)	1.5%	$96.38	+19.2%	COM	608190104
CLX	CLOROX CO DEL	14,164 (+2.0%)	$1,575 (-5.2%)	0.1%	$137.98	-21.5%	COM	189054109
NVDA	NVIDIA CORPORATION	7,259 (+3.5%)	$1,358 (+5.7%)	0.1%	$100.89	+84.5%	COM	67066G104
RIG	TRANSOCEAN LTD	29,000 (+16.0%)	$126 (+54.4%)	0.0%	$3.08	+26.1%	REGISTERED SHS	H8817H100
JPM	JPMORGAN CHASE & CO.	1,661 (+1.1%)	$514 (+5.1%)	0.0%	$125.82	+146.0%	COM	46625H100
GRW	TCW ETF TRUST	477,963 (+1.1%)	$15,034 (+0.1%)	1.3%	$31.75	—	DURABLE GROWTH	29287L601
PFE	PFIZER INC	8,986 (+2.3%)	$233 (+8.1%)	0.0%	$40.82	-38.7%	COM	717081103
NFLX	NETFLIX INC	2,530 (+1362.4%)	$223 (+7.4%)	0.0%	$108.17	-0.3%	COM	64110L106
PG	PROCTER AND GAMBLE CO	5,532 (+3.2%)	$800 (-1.4%)	0.1%	$132.92	+10.7%	COM	742718109

Exited Positions (5)

PFF ISHARES TR 2.9%

Value ($000) $32,579 Shares 1,037,219 Est. Cost $30.84 Unrealized —

— TOTALENERGIES SE 1.7%

Value ($000) $19,232 Shares 312,266 Est. Cost $63.12 Unrealized —

— UNILEVER PLC 0.2%

Value ($000) $1,903 Shares 30,155 Est. Cost $60.43 Unrealized —

BA BOEING CO 0.0%

Value ($000) $390 Shares 1,831 Est. Cost $186.08 Unrealized +10.5%

V VISA INC 0.0%

Value ($000) $204 Shares 598 Est. Cost $346.99 Unrealized -1.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFF	ISHARES TR	1,037,219	$32,579	2.9%	$30.84	—	—	464288687
—	TOTALENERGIES SE	312,266	$19,232	1.7%	$63.12	—	—	89151E109
—	UNILEVER PLC	30,155	$1,903	0.2%	$60.43	—	—	904767704
BA	BOEING CO	1,831	$390	0.0%	$186.08	+10.5%	—	097023105
V	VISA INC	598	$204	0.0%	$346.99	-1.9%	—	92826C839

Decreased Positions (15)

HAL HALLIBURTON CO 0.3%

Value ($000) $3,110 (+41.6%) Shares 94,886 (-3.8%) Est. Cost $30.39 Unrealized -13.5%

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value ($000) $2,648 (+26.0%) Shares 46,767 (-2.9%) Est. Cost $60.92 Unrealized -22.0%

DUK DUKE ENERGY CORP NEW 0.3%

Value ($000) $3,809 (-9.6%) Shares 32,039 (-2.3%) Est. Cost $98.51 Unrealized +23.4%

ABBV ABBVIE INC 0.2%

Value ($000) $2,420 (-9.2%) Shares 11,167 (-3.8%) Est. Cost $182.67 Unrealized +24.6%

LRCX LAM RESEARCH CORP 0.1%

Value ($000) $753 (+35.8%) Shares 3,464 (-11.6%) Est. Cost $74.98 Unrealized +107.2%

BTI BRITISH AMERN TOB PLC 0.2%

Value ($000) $2,522 (+8.0%) Shares 43,431 (-4.0%) Est. Cost $37.88 Unrealized —

PEP PEPSICO INC 0.2%

Value ($000) $2,540 (-6.5%) Shares 17,327 (-1.9%) Est. Cost $160.35 Unrealized -9.0%

VTR VENTAS INC 0.2%

Value ($000) $2,109 (+4.6%) Shares 27,418 (-3.9%) Est. Cost $41.53 Unrealized +80.5%

HD HOME DEPOT INC 0.1%

Value ($000) $587 (-6.7%) Shares 1,549 (-3.6%) Est. Cost $294.62 Unrealized +23.7%

AMZN AMAZON COM INC 0.1%

Value ($000) $850 (+3.9%) Shares 3,567 (-7.1%) Est. Cost $110.82 Unrealized +106.5%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $300 (-8.6%) Shares 314 (-10.5%) Est. Cost $478.71 Unrealized +89.2%

UNP UNION PAC CORP 0.0%

Value ($000) $488 (-3.7%) Shares 2,116 (-5.5%) Est. Cost $198.94 Unrealized +14.3%

IGSB ISHARES TR 0.0%

Value ($000) $289 (-2.0%) Shares 5,458 (-1.7%) Est. Cost $50.17 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $223 (+2.5%) Shares 1,117 (-3.5%) Est. Cost $187.70 Unrealized —

IDV ISHARES TR 0.0%

Value ($000) $228 (-1.5%) Shares 5,655 (-10.1%) Est. Cost $36.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HAL	HALLIBURTON CO	94,886 (-3.8%)	$3,110 (+41.6%)	0.3%	$30.39	-13.5%	COM	406216101
BMY	BRISTOL-MYERS SQUIBB CO	46,767 (-2.9%)	$2,648 (+26.0%)	0.2%	$60.92	-22.0%	COM	110122108
DUK	DUKE ENERGY CORP NEW	32,039 (-2.3%)	$3,809 (-9.6%)	0.3%	$98.51	+23.4%	COM NEW	26441C204
ABBV	ABBVIE INC	11,167 (-3.8%)	$2,420 (-9.2%)	0.2%	$182.67	+24.6%	COM	00287Y109
LRCX	LAM RESEARCH CORP	3,464 (-11.6%)	$753 (+35.8%)	0.1%	$74.98	+107.2%	COM NEW	512807306
BTI	BRITISH AMERN TOB PLC	43,431 (-4.0%)	$2,522 (+8.0%)	0.2%	$37.88	—	SPONSORED ADR	110448107
PEP	PEPSICO INC	17,327 (-1.9%)	$2,540 (-6.5%)	0.2%	$160.35	-9.0%	COM	713448108
VTR	VENTAS INC	27,418 (-3.9%)	$2,109 (+4.6%)	0.2%	$41.53	+80.5%	COM	92276F100
HD	HOME DEPOT INC	1,549 (-3.6%)	$587 (-6.7%)	0.1%	$294.62	+23.7%	COM	437076102
AMZN	AMAZON COM INC	3,567 (-7.1%)	$850 (+3.9%)	0.1%	$110.82	+106.5%	COM	023135106
COST	COSTCO WHSL CORP NEW	314 (-10.5%)	$300 (-8.6%)	0.0%	$478.71	+89.2%	COM	22160K105
UNP	UNION PAC CORP	2,116 (-5.5%)	$488 (-3.7%)	0.0%	$198.94	+14.3%	COM	907818108
IGSB	ISHARES TR	5,458 (-1.7%)	$289 (-2.0%)	0.0%	$50.17	—	ISHS 1-5YR INVS	464288646
RSP	INVESCO EXCHANGE TRADED FD T	1,117 (-3.5%)	$223 (+2.5%)	0.0%	$187.70	—	S&P500 EQL WGT	46137V357
IDV	ISHARES TR	5,655 (-10.1%)	$228 (-1.5%)	0.0%	$36.02	—	INTL SEL DIV ETF	464288448

Unchanged Positions (49)

RTX RTX CORPORATION 2.4%

Value ($000) $27,401 Shares 137,121 Est. Cost $84.27 Unrealized +105.7%

GNK GENCO SHIPPING & TRADING LTD 2.3%

Value ($000) $25,373 Shares 1,276,311 Est. Cost $14.57 Unrealized +20.6%

MYRG MYR GROUP INC DEL 2.5%

Value ($000) $28,147 Shares 115,265 Est. Cost $123.10 Unrealized +76.8%

EFV ISHARES TR 3.4%

Value ($000) $37,622 Shares 513,048 Est. Cost $51.35 Unrealized —

IUSV ISHARES TR 3.4%

Value ($000) $38,324 Shares 363,295 Est. Cost $75.90 Unrealized —

HDV ISHARES TR 3.5%

Value ($000) $38,665 Shares 304,637 Est. Cost $99.16 Unrealized —

EMXC ISHARES INC 1.2%

Value ($000) $13,138 Shares 170,075 Est. Cost $49.92 Unrealized —

IAU ISHARES GOLD TR 1.3%

Value ($000) $14,038 Shares 161,898 Est. Cost $37.28 Unrealized —

GOOG ALPHABET INC 0.3%

Value ($000) $3,487 Shares 10,467 Est. Cost $103.31 Unrealized +177.2%

DHI D R HORTON INC 1.3%

Value ($000) $15,069 Shares 93,599 Est. Cost $120.12 Unrealized +26.5%

LMT LOCKHEED MARTIN CORP 0.4%

Value ($000) $4,919 Shares 8,513 Est. Cost $313.69 Unrealized +51.8%

GOOGL ALPHABET INC 0.2%

Value ($000) $2,163 Shares 6,500 Est. Cost $95.70 Unrealized +198.4%

MRK MERCK & CO INC 0.1%

Value ($000) $812 Shares 7,314 Est. Cost $72.04 Unrealized +29.4%

FANG DIAMONDBACK ENERGY INC 0.2%

Value ($000) $2,161 Shares 14,330 Est. Cost $136.16 Unrealized +8.0%

BALL BALL CORP 0.1%

Value ($000) $1,065 Shares 19,048 Est. Cost $71.54 Unrealized -31.4%

CMI CUMMINS INC 0.0%

Value ($000) $471 Shares 820 Est. Cost $380.68 Unrealized +22.5%

HUBB HUBBELL INC 0.1%

Value ($000) $955 Shares 1,973 Est. Cost $98.94 Unrealized +341.9%

INTC INTEL CORP 0.0%

Value ($000) $358 Shares 7,400 Est. Cost $24.23 Unrealized +55.9%

PNC PNC FINL SVCS GROUP INC 0.0%

Value ($000) $393 Shares 1,829 Est. Cost $135.59 Unrealized +42.2%

UNH UNITEDHEALTH GROUP INC 0.1%

Value ($000) $1,240 Shares 3,658 Est. Cost $316.54 Unrealized +6.5%

ETN EATON CORP PLC 0.0%

Value ($000) $489 Shares 1,466 Est. Cost $141.93 Unrealized +149.7%

EMR EMERSON ELEC CO 0.0%

Value ($000) $451 Shares 3,050 Est. Cost $77.62 Unrealized +70.5%

AAPL APPLE INC 0.3%

Value ($000) $3,314 Shares 12,834 Est. Cost $133.48 Unrealized +101.0%

XEL XCEL ENERGY INC 0.1%

Value ($000) $640 Shares 8,486 Est. Cost $46.52 Unrealized +68.3%

PPG PPG INDS INC 0.1%

Value ($000) $586 Shares 5,322 Est. Cost $121.11 Unrealized -17.3%

USB US BANCORP DEL 0.0%

Value ($000) $274 Shares 5,082 Est. Cost $40.76 Unrealized +19.5%

F FORD MTR CO 0.0%

Value ($000) $269 Shares 19,491 Est. Cost $9.46 Unrealized +35.7%

GE GE AEROSPACE 0.0%

Value ($000) $540 Shares 1,687 Est. Cost $127.74 Unrealized +135.5%

KO COCA COLA CO 0.1%

Value ($000) $964 Shares 13,680 Est. Cost $55.41 Unrealized +25.2%

VOE VANGUARD INDEX FDS 0.0%

Value ($000) $350 Shares 1,885 Est. Cost $145.76 Unrealized —

HSY HERSHEY CO 0.0%

Value ($000) $382 Shares 1,900 Est. Cost $205.25 Unrealized -11.3%

SJM SMUCKER J M CO 0.2%

Value ($000) $1,731 Shares 16,517 Est. Cost $107.22 Unrealized -4.1%

ATR APTARGROUP INC 0.1%

Value ($000) $676 Shares 5,400 Est. Cost $109.35 Unrealized +12.4%

BMO BANK MONTREAL QUE 0.0%

Value ($000) $300 Shares 2,225 Est. Cost $81.18 Unrealized +56.0%

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $621 Shares 1,144 Est. Cost $345.96 Unrealized +61.6%

CMCSA COMCAST CORP NEW 0.0%

Value ($000) $490 Shares 17,300 Est. Cost $41.74 Unrealized -31.6%

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $349 Shares 1,333 Est. Cost $257.33 Unrealized -3.8%

GEV GE VERNOVA INC 0.0%

Value ($000) $270 Shares 421 Est. Cost $415.97 Unrealized +46.4%

IXC ISHARES TR 0.0%

Value ($000) $220 Shares 4,992 Est. Cost $40.26 Unrealized —

WMB WILLIAMS COS INC 0.0%

Value ($000) $335 Shares 5,556 Est. Cost $26.77 Unrealized +124.4%

BAC BANK AMERICA CORP 0.0%

Value ($000) $462 Shares 8,778 Est. Cost $30.68 Unrealized +71.7%

VTI VANGUARD INDEX FDS 0.0%

Value ($000) $237 Shares 692 Est. Cost $313.61 Unrealized —

QQQ INVESCO QQQ TR 0.0%

Value ($000) $281 Shares 452 Est. Cost $425.16 Unrealized —

VGT VANGUARD WORLD FD 0.0%

Value ($000) $458 Shares 603 Est. Cost $322.90 Unrealized —

AON AON PLC 0.1%

Value ($000) $640 Shares 1,855 Est. Cost $300.82 Unrealized +16.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $4,432 Shares 6 Est. Cost $729330.75 Unrealized +2.3%

CARR CARRIER GLOBAL CORPORATION 0.0%

Value ($000) $222 Shares 4,004 Est. Cost $51.55 Unrealized +7.7%

MCD MCDONALDS CORP 0.1%

Value ($000) $1,371 Shares 4,441 Est. Cost $256.43 Unrealized +19.0%

— FS CREDIT OPPORTUNITIES CORP 0.0%

Value ($000) $97 Shares 14,999 Est. Cost $5.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RTX	RTX CORPORATION	137,121	$27,401	2.4%	$84.27	+105.7%	COM	75513E101
GNK	GENCO SHIPPING & TRADING LTD	1,276,311	$25,373	2.3%	$14.57	+20.6%	SHS	Y2685T131
MYRG	MYR GROUP INC DEL	115,265	$28,147	2.5%	$123.10	+76.8%	COM	55405W104
EFV	ISHARES TR	513,048	$37,622	3.4%	$51.35	—	EAFE VALUE ETF	464288877
IUSV	ISHARES TR	363,295	$38,324	3.4%	$75.90	—	CORE S&P US VLU	464287663
HDV	ISHARES TR	304,637	$38,665	3.5%	$99.16	—	CORE HIGH DV ETF	46429B663
EMXC	ISHARES INC	170,075	$13,138	1.2%	$49.92	—	MSCI EMRG CHN	46434G764
IAU	ISHARES GOLD TR	161,898	$14,038	1.3%	$37.28	—	ISHARES NEW	464285204
GOOG	ALPHABET INC	10,467	$3,487	0.3%	$103.31	+177.2%	CAP STK CL C	02079K107
DHI	D R HORTON INC	93,599	$15,069	1.3%	$120.12	+26.5%	COM	23331A109
LMT	LOCKHEED MARTIN CORP	8,513	$4,919	0.4%	$313.69	+51.8%	COM	539830109
GOOGL	ALPHABET INC	6,500	$2,163	0.2%	$95.70	+198.4%	CAP STK CL A	02079K305
MRK	MERCK & CO INC	7,314	$812	0.1%	$72.04	+29.4%	COM	58933Y105
FANG	DIAMONDBACK ENERGY INC	14,330	$2,161	0.2%	$136.16	+8.0%	COM	25278X109
BALL	BALL CORP	19,048	$1,065	0.1%	$71.54	-31.4%	COM	058498106
CMI	CUMMINS INC	820	$471	0.0%	$380.68	+22.5%	COM	231021106
HUBB	HUBBELL INC	1,973	$955	0.1%	$98.94	+341.9%	COM	443510607
INTC	INTEL CORP	7,400	$358	0.0%	$24.23	+55.9%	COM	458140100
PNC	PNC FINL SVCS GROUP INC	1,829	$393	0.0%	$135.59	+42.2%	COM	693475105
UNH	UNITEDHEALTH GROUP INC	3,658	$1,240	0.1%	$316.54	+6.5%	COM	91324P102
ETN	EATON CORP PLC	1,466	$489	0.0%	$141.93	+149.7%	SHS	G29183103
EMR	EMERSON ELEC CO	3,050	$451	0.0%	$77.62	+70.5%	COM	291011104
AAPL	APPLE INC	12,834	$3,314	0.3%	$133.48	+101.0%	COM	037833100
XEL	XCEL ENERGY INC	8,486	$640	0.1%	$46.52	+68.3%	COM	98389B100
PPG	PPG INDS INC	5,322	$586	0.1%	$121.11	-17.3%	COM	693506107
USB	US BANCORP DEL	5,082	$274	0.0%	$40.76	+19.5%	COM NEW	902973304
F	FORD MTR CO	19,491	$269	0.0%	$9.46	+35.7%	COM	345370860
GE	GE AEROSPACE	1,687	$540	0.0%	$127.74	+135.5%	COM NEW	369604301
KO	COCA COLA CO	13,680	$964	0.1%	$55.41	+25.2%	COM	191216100
VOE	VANGUARD INDEX FDS	1,885	$350	0.0%	$145.76	—	MCAP VL IDXVIP	922908512
HSY	HERSHEY CO	1,900	$382	0.0%	$205.25	-11.3%	COM	427866108
SJM	SMUCKER J M CO	16,517	$1,731	0.2%	$107.22	-4.1%	COM NEW	832696405
ATR	APTARGROUP INC	5,400	$676	0.1%	$109.35	+12.4%	COM	038336103
BMO	BANK MONTREAL QUE	2,225	$300	0.0%	$81.18	+56.0%	COM	063671101
MA	MASTERCARD INCORPORATED	1,144	$621	0.1%	$345.96	+61.6%	CL A	57636Q104
CMCSA	COMCAST CORP NEW	17,300	$490	0.0%	$41.74	-31.6%	CL A	20030N101
ITW	ILLINOIS TOOL WKS INC	1,333	$349	0.0%	$257.33	-3.8%	COM	452308109
GEV	GE VERNOVA INC	421	$270	0.0%	$415.97	+46.4%	COM	36828A101
IXC	ISHARES TR	4,992	$220	0.0%	$40.26	—	GLOBAL ENERG ETF	464287341
WMB	WILLIAMS COS INC	5,556	$335	0.0%	$26.77	+124.4%	COM	969457100
BAC	BANK AMERICA CORP	8,778	$462	0.0%	$30.68	+71.7%	COM	060505104
VTI	VANGUARD INDEX FDS	692	$237	0.0%	$313.61	—	TOTAL STK MKT	922908769
QQQ	INVESCO QQQ TR	452	$281	0.0%	$425.16	—	UNIT SER 1	46090E103
VGT	VANGUARD WORLD FD	603	$458	0.0%	$322.90	—	INF TECH ETF	92204A702
AON	AON PLC	1,855	$640	0.1%	$300.82	+16.1%	SHS CL A	G0403H108
BRK/A	BERKSHIRE HATHAWAY INC DEL	6	$4,432	0.4%	$729330.75	+2.3%	CL A	084670108
CARR	CARRIER GLOBAL CORPORATION	4,004	$222	0.0%	$51.55	+7.7%	COM	14448C104
MCD	MCDONALDS CORP	4,441	$1,371	0.1%	$256.43	+19.0%	COM	580135101
—	FS CREDIT OPPORTUNITIES CORP	14,999	$97	0.0%	$5.06	—	COMMON STOCK	30290Y101