Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SUNB	SUNBELT RENTALS HOLDINGS INC	24,220	$1.812M	1.0%	$74.81	—	SHS	866966104
RSG	REPUBLIC SVCS INC	3,704	$789K	0.4%	$213.08	—	COM	760759100
RYN	RAYONIER INC	32,880	$700K	0.4%	$21.28	—	COM	754907103
NEE	NEXTERA ENERGY INC	6,180	$542K	0.3%	$87.77	—	COM	65339F101
DELL	DELL TECHNOLOGIES INC	1,045	$451K	0.3%	$431.46	—	CL C	24703L202
GE	GE AEROSPACE	1,164	$435K	0.2%	$373.73	—	COM NEW	369604301
GEV	GE VERNOVA INC	250	$294K	0.2%	$1174.86	—	COM	36828A101
CRWD	CROWDSTRIKE HLDGS INC	340	$259K	0.1%	$763.14	—	CL A	22788C105

Increased Positions (34)

STX SEAGATE TECHNOLOGY HLDNGS PL 2.0%

Value $3.488M (+160.8%) Shares 3,615 (+5.9%) Est. Cost $134.48 Unrealized —

INTC INTEL CORP 1.3%

Value $2.25M (+222.1%) Shares 16,112 (+1.8%) Est. Cost $25.95 Unrealized —

MU MICRON TECHNOLOGY INC 0.6%

Value $1.154M (+279.6%) Shares 1,000 (+11.1%) Est. Cost $329.73 Unrealized —

NVDA NVIDIA CORPORATION 2.8%

Value $5.049M (+18.5%) Shares 25,232 (+3.3%) Est. Cost $115.41 Unrealized —

AWI ARMSTRONG WORLD INDS INC NEW 1.4%

Value $2.429M (+28.3%) Shares 15,141 (+31.8%) Est. Cost $92.40 Unrealized —

HUBB HUBBELL INC 0.4%

Value $641K (+127.1%) Shares 1,225 (+113.0%) Est. Cost $482.84 Unrealized —

UL UNILEVER PLC 0.6%

Value $1.108M (+36.8%) Shares 18,427 (+29.6%) Est. Cost $64.19 Unrealized —

AMZN AMAZON COM INC 1.0%

Value $1.719M (+20.0%) Shares 7,211 (+4.9%) Est. Cost $135.61 Unrealized —

KLAC KLA CORP 0.2%

Value $422K (+104.9%) Shares 1,400 (+900.0%) Est. Cost $417.74 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.3%

Value $593K (+44.6%) Shares 1,242 (+2.3%) Est. Cost $246.51 Unrealized —

FNV FRANCO NEV CORP 0.6%

Value $1.14M (-13.1%) Shares 5,470 (+3.0%) Est. Cost $138.18 Unrealized —

MDT MEDTRONIC PLC 0.5%

Value $837K (+25.2%) Shares 10,697 (+38.7%) Est. Cost $83.06 Unrealized —

APD AIR PRODUCTS AND CHEMICALS I 0.8%

Value $1.508M (+11.5%) Shares 5,145 (+10.5%) Est. Cost $256.45 Unrealized —

GOOGL ALPHABET INC 0.3%

Value $590K (+30.9%) Shares 1,650 (+5.4%) Est. Cost $191.70 Unrealized —

MTB M & T BK CORP 0.3%

Value $590K (+29.3%) Shares 2,480 (+12.3%) Est. Cost $180.87 Unrealized —

BKNG BOOKING HOLDINGS INC 2.3%

Value $4.078M (+3.2%) Shares 22,882 (+2336.8%) Est. Cost $249.36 Unrealized —

MRK MERCK & CO INC 0.4%

Value $647K (+18.6%) Shares 5,037 (+11.0%) Est. Cost $80.47 Unrealized —

KO COCA COLA CO 0.3%

Value $584K (+19.2%) Shares 7,190 (+11.6%) Est. Cost $57.33 Unrealized —

IEX IDEX CORP 0.3%

Value $510K (+21.2%) Shares 2,248 (+1.3%) Est. Cost $177.58 Unrealized —

BIL SPDR SERIES TRUST 0.2%

Value $384K (+26.4%) Shares 4,193 (+26.4%) Est. Cost $91.65 Unrealized —

GD GENERAL DYNAMICS CORP 0.3%

Value $625K (+14.2%) Shares 1,763 (+10.6%) Est. Cost $264.42 Unrealized —

T AT&T INC 0.2%

Value $374K (-15.8%) Shares 18,075 (+18.0%) Est. Cost $21.09 Unrealized —

PAYX PAYCHEX INC 0.4%

Value $795K (+9.0%) Shares 8,084 (+2.1%) Est. Cost $90.09 Unrealized —

PG PROCTER & GAMBLE CO 0.3%

Value $578K (+12.5%) Shares 3,942 (+10.8%) Est. Cost $147.43 Unrealized —

FLNT FLUENT INC 0.1%

Value $112K (+82.1%) Shares 30,008 (+54.3%) Est. Cost $3.48 Unrealized —

DUK DUKE ENERGY CORP NEW 0.3%

Value $467K (+11.5%) Shares 3,691 (+15.3%) Est. Cost $112.51 Unrealized —

APAM ARTISAN PARTNERS ASSET MGMT 0.2%

Value $333K (+16.3%) Shares 9,650 (+22.6%) Est. Cost $38.55 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.7%

Value $1.253M (+3.5%) Shares 29,599 (+22.7%) Est. Cost $41.35 Unrealized —

KNSL KINSALE CAP GROUP INC 1.0%

Value $1.834M (-1.8%) Shares 5,561 (+1.8%) Est. Cost $392.33 Unrealized —

OKE ONEOK INC NEW 0.4%

Value $802K (-2.7%) Shares 9,225 (+1.2%) Est. Cost $75.03 Unrealized —

EOG EOG RES INC 0.4%

Value $673K (+1.9%) Shares 5,189 (+13.6%) Est. Cost $89.05 Unrealized —

IWF ISHARES TR 0.2%

Value $286K (-4.2%) Shares 2,304 (+229.1%) Est. Cost $224.76 Unrealized —

HAS HASBRO INC 0.2%

Value $437K (+1.4%) Shares 5,297 (+14.9%) Est. Cost $69.06 Unrealized —

HDV ISHARES TR 0.1%

Value $246K (+1.0%) Shares 8,975 (+400.0%) Est. Cost $45.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STX	SEAGATE TECHNOLOGY HLDNGS PL	3,615 (+5.9%)	$3.488M (+160.8%)	2.0%	$134.48	—	ORD SHS	G7997R103
INTC	INTEL CORP	16,112 (+1.8%)	$2.25M (+222.1%)	1.3%	$25.95	—	COM	458140100
MU	MICRON TECHNOLOGY INC	1,000 (+11.1%)	$1.154M (+279.6%)	0.6%	$329.73	—	COM	595112103
NVDA	NVIDIA CORPORATION	25,232 (+3.3%)	$5.049M (+18.5%)	2.8%	$115.41	—	COM	67066G104
AWI	ARMSTRONG WORLD INDS INC NEW	15,141 (+31.8%)	$2.429M (+28.3%)	1.4%	$92.40	—	COM	04247X102
HUBB	HUBBELL INC	1,225 (+113.0%)	$641K (+127.1%)	0.4%	$482.84	—	COM	443510607
UL	UNILEVER PLC	18,427 (+29.6%)	$1.108M (+36.8%)	0.6%	$64.19	—	SPON ADR NEW	904767803
AMZN	AMAZON COM INC	7,211 (+4.9%)	$1.719M (+20.0%)	1.0%	$135.61	—	COM	023135106
KLAC	KLA CORP	1,400 (+900.0%)	$422K (+104.9%)	0.2%	$417.74	—	COM NEW	482480100
TSM	TAIWAN SEMICONDUCTOR MANUFAC	1,242 (+2.3%)	$593K (+44.6%)	0.3%	$246.51	—	SPONSORED ADS	874039100
FNV	FRANCO NEV CORP	5,470 (+3.0%)	$1.14M (-13.1%)	0.6%	$138.18	—	COM	351858105
MDT	MEDTRONIC PLC	10,697 (+38.7%)	$837K (+25.2%)	0.5%	$83.06	—	SHS	G5960L103
APD	AIR PRODUCTS AND CHEMICALS I	5,145 (+10.5%)	$1.508M (+11.5%)	0.8%	$256.45	—	COM	009158106
GOOGL	ALPHABET INC	1,650 (+5.4%)	$590K (+30.9%)	0.3%	$191.70	—	CAP STK CL A	02079K305
MTB	M & T BK CORP	2,480 (+12.3%)	$590K (+29.3%)	0.3%	$180.87	—	COM	55261F104
BKNG	BOOKING HOLDINGS INC	22,882 (+2336.8%)	$4.078M (+3.2%)	2.3%	$249.36	—	COM	09857L108
MRK	MERCK & CO INC	5,037 (+11.0%)	$647K (+18.6%)	0.4%	$80.47	—	COM	58933Y105
KO	COCA COLA CO	7,190 (+11.6%)	$584K (+19.2%)	0.3%	$57.33	—	COM	191216100
IEX	IDEX CORP	2,248 (+1.3%)	$510K (+21.2%)	0.3%	$177.58	—	COM	45167R104
BIL	SPDR SERIES TRUST	4,193 (+26.4%)	$384K (+26.4%)	0.2%	$91.65	—	ST STR BLO 1 ETF	78468R663
GD	GENERAL DYNAMICS CORP	1,763 (+10.6%)	$625K (+14.2%)	0.3%	$264.42	—	COM	369550108
T	AT&T INC	18,075 (+18.0%)	$374K (-15.8%)	0.2%	$21.09	—	COM	00206R102
PAYX	PAYCHEX INC	8,084 (+2.1%)	$795K (+9.0%)	0.4%	$90.09	—	COM	704326107
PG	PROCTER & GAMBLE CO	3,942 (+10.8%)	$578K (+12.5%)	0.3%	$147.43	—	COM	742718109
FLNT	FLUENT INC	30,008 (+54.3%)	$112K (+82.1%)	0.1%	$3.48	—	COM NEW	34380C201
DUK	DUKE ENERGY CORP NEW	3,691 (+15.3%)	$467K (+11.5%)	0.3%	$112.51	—	COM NEW	26441C204
APAM	ARTISAN PARTNERS ASSET MGMT	9,650 (+22.6%)	$333K (+16.3%)	0.2%	$38.55	—	CL A	04316A108
VZ	VERIZON COMMUNICATIONS INC	29,599 (+22.7%)	$1.253M (+3.5%)	0.7%	$41.35	—	COM	92343V104
KNSL	KINSALE CAP GROUP INC	5,561 (+1.8%)	$1.834M (-1.8%)	1.0%	$392.33	—	COM	49714P108
OKE	ONEOK INC NEW	9,225 (+1.2%)	$802K (-2.7%)	0.4%	$75.03	—	COM	682680103
EOG	EOG RES INC	5,189 (+13.6%)	$673K (+1.9%)	0.4%	$89.05	—	COM	26875P101
IWF	ISHARES TR	2,304 (+229.1%)	$286K (-4.2%)	0.2%	$224.76	—	RUS 1000 GRW ETF	464287614
HAS	HASBRO INC	5,297 (+14.9%)	$437K (+1.4%)	0.2%	$69.06	—	COM	418056107
HDV	ISHARES TR	8,975 (+400.0%)	$246K (+1.0%)	0.1%	$45.45	—	CORE HIGH DV ETF	46429B663

Exited Positions (9)

NU NU HLDGS LTD 0.6%

Value $999K Shares 69,500 Est. Cost $6.15 Unrealized —

HON HONEYWELL INTL INC 0.3%

Value $589K Shares 2,608 Est. Cost $197.44 Unrealized —

ZTS ZOETIS INC 0.3%

Value $544K Shares 4,606 Est. Cost $164.88 Unrealized —

ACN ACCENTURE PLC IRELAND 0.2%

Value $324K Shares 1,633 Est. Cost $285.41 Unrealized —

SNPS SYNOPSYS INC 0.2%

Value $296K Shares 746 Est. Cost $552.09 Unrealized —

SYY SYSCO CORP 0.2%

Value $290K Shares 4,072 Est. Cost $71.40 Unrealized —

SHEN SHENANDOAH TELECOMMUNICATION 0.2%

Value $288K Shares 18,709 Est. Cost $22.27 Unrealized —

WDC WESTERN DIGITAL CORP 0.1%

Value $200K Shares 740 Est. Cost $251.23 Unrealized —

CPSH CPS TECHNOLOGIES CORP 0.1%

Value $103K Shares 27,520 Est. Cost $3.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HLDGS LTD	69,500	$999K	0.6%	$6.15	—	—	G6683N103
HON	HONEYWELL INTL INC	2,608	$589K	0.3%	$197.44	—	—	438516106
ZTS	ZOETIS INC	4,606	$544K	0.3%	$164.88	—	—	98978V103
ACN	ACCENTURE PLC IRELAND	1,633	$324K	0.2%	$285.41	—	—	G1151C101
SNPS	SYNOPSYS INC	746	$296K	0.2%	$552.09	—	—	871607107
SYY	SYSCO CORP	4,072	$290K	0.2%	$71.40	—	—	871829107
SHEN	SHENANDOAH TELECOMMUNICATION	18,709	$288K	0.2%	$22.27	—	—	82312B106
WDC	WESTERN DIGITAL CORP	740	$200K	0.1%	$251.23	—	—	958102105
CPSH	CPS TECHNOLOGIES CORP	27,520	$103K	0.1%	$3.54	—	—	12619F104

Decreased Positions (70)

AMAT APPLIED MATLS INC 3.2%

Value $5.651M (+93.8%) Shares 7,816 (-8.4%) Est. Cost $119.45 Unrealized —

ADI ANALOG DEVICES INC 0.9%

Value $1.649M (-61.9%) Shares 4,153 (-69.4%) Est. Cost $131.69 Unrealized —

GBIL GOLDMAN SACHS ETF TR 1.4%

Value $2.582M (-50.8%) Shares 25,778 (-50.8%) Est. Cost $100.17 Unrealized —

IBP INSTALLED BLDG PRODS INC 1.5%

Value $2.599M (-43.6%) Shares 11,310 (-35.0%) Est. Cost $173.32 Unrealized —

GOOG ALPHABET INC 4.0%

Value $7.055M (+16.1%) Shares 19,966 (-5.7%) Est. Cost $130.04 Unrealized —

ANET ARISTA NETWORKS INC 1.8%

Value $3.192M (+30.9%) Shares 18,792 (-5.4%) Est. Cost $101.39 Unrealized —

GLW CORNING INC 1.3%

Value $2.368M (+41.6%) Shares 9,270 (-24.6%) Est. Cost $49.11 Unrealized —

AAPL APPLE INC 3.3%

Value $5.806M (+11.1%) Shares 20,064 (-2.5%) Est. Cost $138.81 Unrealized —

AON AON PLC 0.9%

Value $1.637M (-24.5%) Shares 4,935 (-26.5%) Est. Cost $239.65 Unrealized —

SCHW SCHWAB CHARLES CORP 3.5%

Value $6.237M (-7.4%) Shares 67,597 (-5.7%) Est. Cost $52.30 Unrealized —

TEL TE CONNECTIVITY PLC 0.3%

Value $537K (-47.2%) Shares 2,666 (-45.3%) Est. Cost $154.89 Unrealized —

LLY ELI LILLY & CO 1.3%

Value $2.271M (+25.4%) Shares 1,893 (-3.8%) Est. Cost $463.67 Unrealized —

THO THOR INDS INC 2.1%

Value $3.789M (-9.9%) Shares 50,416 (-4.3%) Est. Cost $93.05 Unrealized —

CVX CHEVRON CORPORATION 0.8%

Value $1.38M (-22.3%) Shares 8,325 (-3.0%) Est. Cost $98.96 Unrealized —

CSCO CISCO SYS INC 0.7%

Value $1.32M (+36.0%) Shares 11,237 (-10.2%) Est. Cost $37.60 Unrealized —

FND FLOOR & DECOR HLDGS INC 1.7%

Value $3.123M (+12.2%) Shares 52,616 (-3.9%) Est. Cost $81.34 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.3%

Value $600K (-33.0%) Shares 1,178 (-10.3%) Est. Cost $425.62 Unrealized —

AXP AMERICAN EXPRESS CO 2.2%

Value $3.891M (+7.6%) Shares 11,504 (-3.8%) Est. Cost $123.57 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.3%

Value $447K (-37.5%) Shares 2,884 (-18.3%) Est. Cost $53.60 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.5%

Value $928K (+39.7%) Shares 2,232 (-9.0%) Est. Cost $337.21 Unrealized —

CCOI COGENT COMM HOLDINGS INC 0.3%

Value $483K (-32.4%) Shares 34,826 (-8.2%) Est. Cost $38.59 Unrealized —

CSGP COSTAR GROUP INC 0.2%

Value $344K (-38.5%) Shares 12,148 (-12.3%) Est. Cost $62.33 Unrealized —

LRCX LAM RESEARCH CORP 0.3%

Value $474K (+79.0%) Shares 1,095 (-11.8%) Est. Cost $225.94 Unrealized —

TXN TEXAS INSTRS INC 0.7%

Value $1.212M (+19.2%) Shares 4,065 (-22.3%) Est. Cost $146.36 Unrealized —

CMI CUMMINS INC 0.7%

Value $1.215M (+18.1%) Shares 1,703 (-10.9%) Est. Cost $512.06 Unrealized —

MC MOELIS & CO 1.1%

Value $1.942M (+10.1%) Shares 29,689 (-4.1%) Est. Cost $35.25 Unrealized —

MKL MARKEL GROUP INC 1.4%

Value $2.588M (-6.1%) Shares 1,325 (-8.0%) Est. Cost $1292.43 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 1.0%

Value $1.714M (-8.4%) Shares 18,616 (-8.2%) Est. Cost $87.18 Unrealized —

PGR PROGRESSIVE CORP 2.8%

Value $4.958M (+3.2%) Shares 22,696 (-6.4%) Est. Cost $92.59 Unrealized —

LOW LOWES COS INC 0.4%

Value $738K (-16.7%) Shares 3,348 (-10.7%) Est. Cost $158.51 Unrealized —

SHOP SHOPIFY INC 0.4%

Value $673K (-16.3%) Shares 5,892 (-13.0%) Est. Cost $82.07 Unrealized —

NOW SERVICENOW INC 0.4%

Value $717K (-14.9%) Shares 7,223 (-10.4%) Est. Cost $142.43 Unrealized —

META META PLATFORMS INC 0.4%

Value $676K (-14.6%) Shares 1,200 (-13.3%) Est. Cost $351.43 Unrealized —

AVGO BROADCOM INC 0.7%

Value $1.179M (+10.1%) Shares 3,120 (-9.8%) Est. Cost $310.98 Unrealized —

BN BROOKFIELD CORP 1.6%

Value $2.922M (-3.4%) Shares 68,596 (-8.2%) Est. Cost $33.18 Unrealized —

ORCL ORACLE CORP 0.4%

Value $738K (-12.2%) Shares 5,034 (-11.8%) Est. Cost $158.75 Unrealized —

ASTS AST SPACEMOBILE INC 3.5%

Value $6.256M (-1.6%) Shares 70,399 (-8.2%) Est. Cost $5.68 Unrealized —

AMT AMERICAN TOWER CORP 0.7%

Value $1.267M (-6.9%) Shares 7,746 (-1.8%) Est. Cost $198.07 Unrealized —

KMX CARMAX INC 0.4%

Value $649K (+16.6%) Shares 12,268 (-8.3%) Est. Cost $70.97 Unrealized —

MSFT MICROSOFT CORP 1.9%

Value $3.381M (-2.7%) Shares 9,063 (-3.4%) Est. Cost $252.55 Unrealized —

MA MASTERCARD INCORPORATED 0.4%

Value $748K (-9.9%) Shares 1,457 (-12.3%) Est. Cost $380.81 Unrealized —

MO ALTRIA GROUP INC 0.7%

Value $1.184M (+7.3%) Shares 16,449 (-1.6%) Est. Cost $33.35 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.1%

Value $264K (-23.3%) Shares 664 (-11.1%) Est. Cost $532.02 Unrealized —

IDXX IDEXX LABS INC 0.2%

Value $330K (-18.2%) Shares 627 (-12.7%) Est. Cost $502.78 Unrealized —

NSC NORFOLK SOUTHN CORP 1.0%

Value $1.858M (+4.0%) Shares 5,906 (-5.1%) Est. Cost $221.15 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.3%

Value $488K (-12.4%) Shares 6,735 (-10.7%) Est. Cost $68.39 Unrealized —

DIS DISNEY WALT CO 0.4%

Value $705K (-8.6%) Shares 7,326 (-8.4%) Est. Cost $134.47 Unrealized —

FAST FASTENAL CO 0.4%

Value $736K (-7.9%) Shares 15,331 (-11.0%) Est. Cost $30.77 Unrealized —

EL LAUDER ESTEE COS INC 1.3%

Value $2.262M (+2.8%) Shares 28,655 (-6.6%) Est. Cost $223.63 Unrealized —

CCI CROWN CASTLE INC 0.2%

Value $328K (-15.7%) Shares 4,333 (-9.4%) Est. Cost $114.47 Unrealized —

BLK BLACKROCK INC 0.9%

Value $1.538M (-3.8%) Shares 1,599 (-3.8%) Est. Cost $964.53 Unrealized —

TRV TRAVELERS COMPANIES INC 0.3%

Value $571K (+11.4%) Shares 1,730 (-1.6%) Est. Cost $159.78 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 4.5%

Value $8.103M (+0.7%) Shares 16,193 (-3.6%) Est. Cost $223.41 Unrealized —

SGI SOMNIGROUP INTERNATIONAL INC 2.5%

Value $4.379M (+1.3%) Shares 55,851 (-4.5%) Est. Cost $27.23 Unrealized —

MSCI MSCI INC 0.3%

Value $463K (-8.6%) Shares 826 (-12.0%) Est. Cost $515.11 Unrealized —

JNJ JOHNSON & JOHNSON 1.1%

Value $2.016M (+1.9%) Shares 7,937 (-1.9%) Est. Cost $141.79 Unrealized —

QQQ INVESCO QQQ TR 0.2%

Value $377K (+10.9%) Shares 512 (-13.1%) Est. Cost $505.31 Unrealized —

CB CHUBB LIMITED 0.3%

Value $504K (-6.6%) Shares 1,479 (-10.7%) Est. Cost $287.12 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.2%

Value $407K (-7.5%) Shares 9,084 (-8.3%) Est. Cost $29.36 Unrealized —

PM PHILIP MORRIS INTL INC 0.7%

Value $1.167M (-2.6%) Shares 6,453 (-11.0%) Est. Cost $77.25 Unrealized —

NVR NVR INC 1.2%

Value $2.187M (-1.2%) Shares 321 (-4.5%) Est. Cost $4285.71 Unrealized —

CDW CDW CORP 0.3%

Value $476K (+6.0%) Shares 3,382 (-8.8%) Est. Cost $151.68 Unrealized —

ABG ASBURY AUTOMOTIVE GROUP INC 1.5%

Value $2.667M (-0.9%) Shares 13,263 (-3.7%) Est. Cost $229.47 Unrealized —

RH RH 0.2%

Value $297K (+8.3%) Shares 1,801 (-8.1%) Est. Cost $365.77 Unrealized —

V VISA INC 0.5%

Value $918K (+2.0%) Shares 2,676 (-10.2%) Est. Cost $240.39 Unrealized —

D DOMINION ENERGY INC 0.7%

Value $1.254M (-1.3%) Shares 18,361 (-10.7%) Est. Cost $58.76 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.3%

Value $483K (+2.3%) Shares 647 (-10.9%) Est. Cost $635.48 Unrealized —

CAT CATERPILLAR INC 0.1%

Value $229K (+2.6%) Shares 215 (-31.7%) Est. Cost $684.39 Unrealized —

SBUX STARBUCKS CORP 0.6%

Value $1.102M (+0.5%) Shares 10,781 (-11.9%) Est. Cost $89.98 Unrealized —

ABNB AIRBNB INC 0.2%

Value $333K (-0.4%) Shares 2,329 (-12.1%) Est. Cost $146.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	7,816 (-8.4%)	$5.651M (+93.8%)	3.2%	$119.45	—	COM	038222105
ADI	ANALOG DEVICES INC	4,153 (-69.4%)	$1.649M (-61.9%)	0.9%	$131.69	—	COM	032654105
GBIL	GOLDMAN SACHS ETF TR	25,778 (-50.8%)	$2.582M (-50.8%)	1.4%	$100.17	—	ACCES TREASURY	381430529
IBP	INSTALLED BLDG PRODS INC	11,310 (-35.0%)	$2.599M (-43.6%)	1.5%	$173.32	—	COM	45780R101
GOOG	ALPHABET INC	19,966 (-5.7%)	$7.055M (+16.1%)	4.0%	$130.04	—	CAP STK CL C	02079K107
ANET	ARISTA NETWORKS INC	18,792 (-5.4%)	$3.192M (+30.9%)	1.8%	$101.39	—	COM SHS	040413205
GLW	CORNING INC	9,270 (-24.6%)	$2.368M (+41.6%)	1.3%	$49.11	—	COM	219350105
AAPL	APPLE INC	20,064 (-2.5%)	$5.806M (+11.1%)	3.3%	$138.81	—	COM	037833100
AON	AON PLC	4,935 (-26.5%)	$1.637M (-24.5%)	0.9%	$239.65	—	SHS CL A	G0403H108
SCHW	SCHWAB CHARLES CORP	67,597 (-5.7%)	$6.237M (-7.4%)	3.5%	$52.30	—	COM	808513105
TEL	TE CONNECTIVITY PLC	2,666 (-45.3%)	$537K (-47.2%)	0.3%	$154.89	—	ORD SHS	G87052109
LLY	ELI LILLY & CO	1,893 (-3.8%)	$2.271M (+25.4%)	1.3%	$463.67	—	COM	532457108
THO	THOR INDS INC	50,416 (-4.3%)	$3.789M (-9.9%)	2.1%	$93.05	—	COM	885160101
CVX	CHEVRON CORPORATION	8,325 (-3.0%)	$1.38M (-22.3%)	0.8%	$98.96	—	COM	166764100
CSCO	CISCO SYS INC	11,237 (-10.2%)	$1.32M (+36.0%)	0.7%	$37.60	—	COM	17275R102
FND	FLOOR & DECOR HLDGS INC	52,616 (-3.9%)	$3.123M (+12.2%)	1.7%	$81.34	—	CL A	339750101
NOC	NORTHROP GRUMMAN CORP	1,178 (-10.3%)	$600K (-33.0%)	0.3%	$425.62	—	COM	666807102
AXP	AMERICAN EXPRESS CO	11,504 (-3.8%)	$3.891M (+7.6%)	2.2%	$123.57	—	COM	025816109
AEM	AGNICO EAGLE MINES LTD	2,884 (-18.3%)	$447K (-37.5%)	0.3%	$53.60	—	COM	008474108
UNH	UNITEDHEALTH GROUP INC	2,232 (-9.0%)	$928K (+39.7%)	0.5%	$337.21	—	COM	91324P102
CCOI	COGENT COMM HOLDINGS INC	34,826 (-8.2%)	$483K (-32.4%)	0.3%	$38.59	—	COM NEW	19239V302
CSGP	COSTAR GROUP INC	12,148 (-12.3%)	$344K (-38.5%)	0.2%	$62.33	—	COM	22160N109
LRCX	LAM RESEARCH CORP	1,095 (-11.8%)	$474K (+79.0%)	0.3%	$225.94	—	COM NEW	512807306
TXN	TEXAS INSTRS INC	4,065 (-22.3%)	$1.212M (+19.2%)	0.7%	$146.36	—	COM	882508104
CMI	CUMMINS INC	1,703 (-10.9%)	$1.215M (+18.1%)	0.7%	$512.06	—	COM	231021106
MC	MOELIS & CO	29,689 (-4.1%)	$1.942M (+10.1%)	1.1%	$35.25	—	CL A	60786M105
MKL	MARKEL GROUP INC	1,325 (-8.0%)	$2.588M (-6.1%)	1.4%	$1292.43	—	COM	570535104
ORLY	OREILLY AUTOMOTIVE INC	18,616 (-8.2%)	$1.714M (-8.4%)	1.0%	$87.18	—	COM	67103H107
PGR	PROGRESSIVE CORP	22,696 (-6.4%)	$4.958M (+3.2%)	2.8%	$92.59	—	COM	743315103
LOW	LOWES COS INC	3,348 (-10.7%)	$738K (-16.7%)	0.4%	$158.51	—	COM	548661107
SHOP	SHOPIFY INC	5,892 (-13.0%)	$673K (-16.3%)	0.4%	$82.07	—	CL A SUB VTG SHS	82509L107
NOW	SERVICENOW INC	7,223 (-10.4%)	$717K (-14.9%)	0.4%	$142.43	—	COM	81762P102
META	META PLATFORMS INC	1,200 (-13.3%)	$676K (-14.6%)	0.4%	$351.43	—	CL A	30303M102
AVGO	BROADCOM INC	3,120 (-9.8%)	$1.179M (+10.1%)	0.7%	$310.98	—	COM	11135F101
BN	BROOKFIELD CORP	68,596 (-8.2%)	$2.922M (-3.4%)	1.6%	$33.18	—	CL A LTD VT SH	11271J107
ORCL	ORACLE CORP	5,034 (-11.8%)	$738K (-12.2%)	0.4%	$158.75	—	COM	68389X105
ASTS	AST SPACEMOBILE INC	70,399 (-8.2%)	$6.256M (-1.6%)	3.5%	$5.68	—	COM CL A	00217D100
AMT	AMERICAN TOWER CORP	7,746 (-1.8%)	$1.267M (-6.9%)	0.7%	$198.07	—	COM	03027X100
KMX	CARMAX INC	12,268 (-8.3%)	$649K (+16.6%)	0.4%	$70.97	—	COM	143130102
MSFT	MICROSOFT CORP	9,063 (-3.4%)	$3.381M (-2.7%)	1.9%	$252.55	—	COM	594918104
MA	MASTERCARD INCORPORATED	1,457 (-12.3%)	$748K (-9.9%)	0.4%	$380.81	—	CL A	57636Q104
MO	ALTRIA GROUP INC	16,449 (-1.6%)	$1.184M (+7.3%)	0.7%	$33.35	—	COM	02209S103
ISRG	INTUITIVE SURGICAL INC	664 (-11.1%)	$264K (-23.3%)	0.1%	$532.02	—	COM NEW	46120E602
IDXX	IDEXX LABS INC	627 (-12.7%)	$330K (-18.2%)	0.2%	$502.78	—	COM	45168D104
NSC	NORFOLK SOUTHN CORP	5,906 (-5.1%)	$1.858M (+4.0%)	1.0%	$221.15	—	COM	655844108
QSR	RESTAURANT BRANDS INTL INC	6,735 (-10.7%)	$488K (-12.4%)	0.3%	$68.39	—	COM	76131D103
DIS	DISNEY WALT CO	7,326 (-8.4%)	$705K (-8.6%)	0.4%	$134.47	—	COM	254687106
FAST	FASTENAL CO	15,331 (-11.0%)	$736K (-7.9%)	0.4%	$30.77	—	COM	311900104
EL	LAUDER ESTEE COS INC	28,655 (-6.6%)	$2.262M (+2.8%)	1.3%	$223.63	—	CL A	518439104
CCI	CROWN CASTLE INC	4,333 (-9.4%)	$328K (-15.7%)	0.2%	$114.47	—	COM	22822V101
BLK	BLACKROCK INC	1,599 (-3.8%)	$1.538M (-3.8%)	0.9%	$964.53	—	COM	09290D101
TRV	TRAVELERS COMPANIES INC	1,730 (-1.6%)	$571K (+11.4%)	0.3%	$159.78	—	COM	89417E109
BRK/B	BERKSHIRE HATHAWAY INC DEL	16,193 (-3.6%)	$8.103M (+0.7%)	4.5%	$223.41	—	CL B NEW	084670702
SGI	SOMNIGROUP INTERNATIONAL INC	55,851 (-4.5%)	$4.379M (+1.3%)	2.5%	$27.23	—	COM	88023U101
MSCI	MSCI INC	826 (-12.0%)	$463K (-8.6%)	0.3%	$515.11	—	COM	55354G100
JNJ	JOHNSON & JOHNSON	7,937 (-1.9%)	$2.016M (+1.9%)	1.1%	$141.79	—	COM	478160104
QQQ	INVESCO QQQ TR	512 (-13.1%)	$377K (+10.9%)	0.2%	$505.31	—	UNIT SER 1	46090E103
CB	CHUBB LIMITED	1,479 (-10.7%)	$504K (-6.6%)	0.3%	$287.12	—	COM	H1467J104
BAM	BROOKFIELD ASSET MANAGMT LTD	9,084 (-8.3%)	$407K (-7.5%)	0.2%	$29.36	—	CL A LMT VTG SHS	113004105
PM	PHILIP MORRIS INTL INC	6,453 (-11.0%)	$1.167M (-2.6%)	0.7%	$77.25	—	COM	718172109
NVR	NVR INC	321 (-4.5%)	$2.187M (-1.2%)	1.2%	$4285.71	—	COM	62944T105
CDW	CDW CORP	3,382 (-8.8%)	$476K (+6.0%)	0.3%	$151.68	—	COM	12514G108
ABG	ASBURY AUTOMOTIVE GROUP INC	13,263 (-3.7%)	$2.667M (-0.9%)	1.5%	$229.47	—	COM	043436104
RH	RH	1,801 (-8.1%)	$297K (+8.3%)	0.2%	$365.77	—	COM	74967X103
V	VISA INC	2,676 (-10.2%)	$918K (+2.0%)	0.5%	$240.39	—	COM CL A	92826C839
D	DOMINION ENERGY INC	18,361 (-10.7%)	$1.254M (-1.3%)	0.7%	$58.76	—	COM	25746U109
SPY	STATE STR SPDR S&P 500 ETF T	647 (-10.9%)	$483K (+2.3%)	0.3%	$635.48	—	TR UNIT	78462F103
CAT	CATERPILLAR INC	215 (-31.7%)	$229K (+2.6%)	0.1%	$684.39	—	COM	149123101
SBUX	STARBUCKS CORP	10,781 (-11.9%)	$1.102M (+0.5%)	0.6%	$89.98	—	COM	855244109
ABNB	AIRBNB INC	2,329 (-12.1%)	$333K (-0.4%)	0.2%	$146.03	—	COM CL A	009066101

Unchanged Positions (13)

CINF CINCINNATI FINL CORP 0.7%

Value $1.317M Shares 7,114 Est. Cost $93.21 Unrealized —

L LOEWS CORP 0.7%

Value $1.275M Shares 11,258 Est. Cost $44.17 Unrealized —

BORR BORR DRILLING LTD 0.1%

Value $128K Shares 30,935 Est. Cost $3.42 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 0.2%

Value $269K Shares 926 Est. Cost $227.05 Unrealized —

LOOP LOOP INDS INC 0.0%

Value $75,562 Shares 78,710 Est. Cost $1.28 Unrealized —

EMR EMERSON ELEC CO 0.2%

Value $444K Shares 3,104 Est. Cost $114.08 Unrealized —

LAKE LAKELAND INDS INC 0.1%

Value $148K Shares 13,805 Est. Cost $14.04 Unrealized —

RMCF ROCKY MTN CHOCOLATE FACTORY 0.0%

Value $20,968 Shares 23,567 Est. Cost $3.34 Unrealized —

JPM JPMORGAN CHASE & CO 0.1%

Value $223K Shares 680 Est. Cost $309.53 Unrealized —

WMT WALMART INC 0.1%

Value $220K Shares 1,942 Est. Cost $107.20 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.4%

Value $627K Shares 17,068 Est. Cost $21.39 Unrealized —

RCT REDCLOUD HLDGS PLC 0.0%

Value $3,829 Shares 13,010 Est. Cost $1.68 Unrealized —

ET ENERGY TRANSFER L P 0.2%

Value $357K Shares 18,673 Est. Cost $10.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CINF	CINCINNATI FINL CORP	7,114	$1.317M	0.7%	$93.21	—	COM	172062101
L	LOEWS CORP	11,258	$1.275M	0.7%	$44.17	—	COM	540424108
BORR	BORR DRILLING LTD	30,935	$128K	0.1%	$3.42	—	SHS	G1466R173
LHX	L3HARRIS TECHNOLOGIES INC	926	$269K	0.2%	$227.05	—	COM	502431109
LOOP	LOOP INDS INC	78,710	$75,562	0.0%	$1.28	—	COM	543518104
EMR	EMERSON ELEC CO	3,104	$444K	0.2%	$114.08	—	COM	291011104
LAKE	LAKELAND INDS INC	13,805	$148K	0.1%	$14.04	—	COM	511795106
RMCF	ROCKY MTN CHOCOLATE FACTORY	23,567	$20,968	0.0%	$3.34	—	COM	77467X101
JPM	JPMORGAN CHASE & CO	680	$223K	0.1%	$309.53	—	COM	46625H100
WMT	WALMART INC	1,942	$220K	0.1%	$107.20	—	COM	931142103
EPD	ENTERPRISE PRODS PARTNERS L	17,068	$627K	0.4%	$21.39	—	COM	293792107
RCT	REDCLOUD HLDGS PLC	13,010	$3,829	0.0%	$1.68	—	SHS	G71115102
ET	ENERGY TRANSFER L P	18,673	$357K	0.2%	$10.41	—	COM UT LTD PTN	29273V100