Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PFE	Pfizer Inc	203,628 (+563.0%)	$4.903M (+468.5%)	1.9%	—	—	COM	717081103
TRIP	TRIPADVISOR INC	640,440 (+35.9%)	$8.78M (+74.8%)	3.5%	—	—	COM	896945201
CVS	CVS HEALTH CORP	74,423 (+3.1%)	$7.699M (+48.5%)	3.0%	—	—	COM	126650100
AAPL	Apple Inc	49,554 (+3.4%)	$14.23M (+18.0%)	5.6%	—	—	COM	037833100
BAC	BANK OF AMERICA CORP	203,369 (+3.7%)	$11.59M (+21.3%)	4.6%	—	—	COM	060505104
BRK/B	BERKSHIRE HATHAWAY INC DEL	19,452 (+12.3%)	$9.669M (+17.0%)	3.8%	—	—	COM	084670702
JPM	JPMORGAN CHASE & CO	31,070 (+3.8%)	$10.17M (+15.5%)	4.0%	—	—	COM	46625H100
AXP	AMERICAN EXPRESS CO	26,858 (+4.1%)	$9.022M (+16.5%)	3.6%	—	—	COM	025816109
ABBV	ABBVIE INC	28,403 (+2.9%)	$7.147M (+19.1%)	2.8%	—	—	COM	00287Y109
RH	RH	28,782 (+8.4%)	$4.741M (+27.7%)	1.9%	—	—	COM	74967X103
CSX	CSX CORP	117,764 (+4.3%)	$5.597M (+20.8%)	2.2%	—	—	COM	126408103
CMCSA	COMCAST CORP CL A	317,067 (+5.7%)	$7.784M (-9.6%)	3.1%	—	—	COM	20030N101
WFC	WELLS FARGO CO	121,232 (+3.9%)	$10.02M (+7.9%)	4.0%	—	—	COM	949746101
MSFT	MICROSOFT CORP	35,002 (+5.1%)	$13.02M (+5.9%)	5.1%	—	—	COM	594918104
DIS	DISNEY WALT CO	101,355 (+8.1%)	$9.754M (+8.0%)	3.9%	—	—	COM	254687106
MPC	MARATHON PETROLEUM CORP	34,182 (+2.9%)	$8.739M (+7.7%)	3.5%	—	—	COM	56585A102
T	AT&T INC	97,301 (+7.6%)	$2.014M (-23.2%)	0.8%	—	—	COM	00206R102
AIG	AMERICAN INTL GROUP INC NEW	117,621 (+8.2%)	$8.766M (+7.2%)	3.5%	—	—	COM	026874784
PM	PHILIP MORRIS INTL INC	24,994 (+3.0%)	$4.522M (+12.7%)	1.8%	—	—	COM	718172109
COP	CONOCOPHILLIPS	19,410 (+3.9%)	$2.018M (-18.2%)	0.8%	—	—	COM	20825C104
MCD	MCDONALDS CORP	11,934 (+3.7%)	$3.226M (-9.8%)	1.3%	—	—	COM	580135101
ORCL	ORACLE CORP	49,237 (+5.2%)	$7.2M (+4.6%)	2.8%	—	—	COM	68389X105
BA	BOEING CO	12,461 (+3.4%)	$2.697M (+12.4%)	1.1%	—	—	COM	097023105
PEP	PEPSICO INC	14,097 (+3.7%)	$1.909M (-9.6%)	0.8%	—	—	COM	713448108
META	Meta Platforms Inc	17,485 (+3.4%)	$9.849M (+1.9%)	3.9%	—	—	COM	30303M102
PSX	PHILLIPS 66	21,757 (+4.4%)	$3.678M (-3.1%)	1.5%	—	—	COM	718546104
PG	PROCTER AND GAMBLE CO	10,473 (+3.6%)	$1.536M (+5.2%)	0.6%	—	—	COM	742718109
RTX	RTX CORPORATION COM	36,417 (+2.6%)	$6.909M (+0.9%)	2.7%	—	—	COM	75513E101
ARCC	ARES CAPITAL CORP	25,341 (+1.4%)	$432K (+4.3%)	0.2%	—	—	COM	04010L103
OBDC	BLUE OWL CAPITAL CORPORATION	27,435 (+1.9%)	$285K (+0.1%)	0.1%	—	—	COM	69121K104

Exited Positions (1)

USB US BANCORP DEL 0.7%

Value $1.728M Shares 33,216 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
USB	US BANCORP DEL	33,216	$1.728M	0.7%	—	—	—	902973304

Decreased Positions (6)

MS MORGAN STANLEY 4.7%

Value $11.91M (+31.8%) Shares 58,482 (-4.2%) Est. Cost — Unrealized —

GS GOLDMAN SACHS GROUP INC 4.4%

Value $11.13M (+23.9%) Shares 11,443 (-11.4%) Est. Cost — Unrealized —

GOOG ALPHABET INC CAP STOCK CL C 2.1%

Value $5.395M (+20.0%) Shares 15,268 (-2.6%) Est. Cost — Unrealized —

DELL DELL TECHNOLOGIES -C 4.1%

Value $10.45M (+8.5%) Shares 24,212 (-58.7%) Est. Cost — Unrealized —

NVDA NVIDIA Corp 0.7%

Value $1.793M (-7.6%) Shares 10,336 (-16.9%) Est. Cost — Unrealized —

GOOGL ALPHABET INC CAP STOCK CL A 3.1%

Value $7.779M (-0.6%) Shares 22,289 (-19.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MS	MORGAN STANLEY	58,482 (-4.2%)	$11.91M (+31.8%)	4.7%	—	—	COM	617446448
GS	GOLDMAN SACHS GROUP INC	11,443 (-11.4%)	$11.13M (+23.9%)	4.4%	—	—	COM	38141G104
GOOG	ALPHABET INC CAP STOCK CL C	15,268 (-2.6%)	$5.395M (+20.0%)	2.1%	—	—	COM	02079K107
DELL	DELL TECHNOLOGIES -C	24,212 (-58.7%)	$10.45M (+8.5%)	4.1%	—	—	COM	24703L202
NVDA	NVIDIA Corp	10,336 (-16.9%)	$1.793M (-7.6%)	0.7%	—	—	COM	67066G104
GOOGL	ALPHABET INC CAP STOCK CL A	22,289 (-19.6%)	$7.779M (-0.6%)	3.1%	—	—	COM	02079K305

Unchanged Positions (1)

VZ VERIZON COMMUNICATIONS INC 0.8%

Value $1.93M Shares 45,577 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	45,577	$1.93M	0.8%	—	—	COM	92343V104