WD RUTHERFORD LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc (Facebook)	8,582	$5,665	2.4%	$667.32	0.0%	COM	30303M102
WM	Waste Management Inc.	6,099	$1,340	0.6%	$212.55	0.0%	COM	94106L109
NET	Cloudflare, Inc.	4,692	$925	0.4%	$211.53	0.0%	COM	18915M107
COHR	Coherent Corp.	4,554	$841	0.4%	$149.58	0.0%	COM	19247G107
CLS	Celestica Inc. (Canada)	1,945	$575	0.2%	$301.37	0.0%	INTL	15101Q207
MU	Micron Technology, Inc	1,997	$570	0.2%	$229.35	0.0%	COM	595112103
SPOT	Spotify Technology SA (Luxemborg)	787	$457	0.2%	$625.13	0.0%	INTL	L8681T102
SOLS	Solstice Advanced Materials, I	8,580	$417	0.2%	$47.08	0.0%	COM	83443Q103
FIX	Comfort Systems USA, Inc.	317	$296	0.1%	$922.99	0.0%	COM	199908104
NKE	Nike Inc.	3,790	$241	0.1%	$64.91	0.0%	COM	654106103

Increased Positions (27)

NOW ServiceNow Inc. 1.3%

Value ($000) $3,009 (-33.2%) Shares 19,642 (+301.2%) Est. Cost $155.38 Unrealized +10.4%

NFLX Netflix 1.8%

Value ($000) $4,270 (-24.1%) Shares 45,540 (+870.8%) Est. Cost $102.26 Unrealized +5.4%

RDDT Reddit, Inc. 1.0%

Value ($000) $2,348 (+105.6%) Shares 10,216 (+105.7%) Est. Cost $196.32 Unrealized +7.1%

APP AppLovin Corporation 1.7%

Value ($000) $3,951 (+43.5%) Shares 5,863 (+53.0%) Est. Cost $465.38 Unrealized +35.4%

WMT Wal-Mart Stores 1.3%

Value ($000) $3,097 (+61.9%) Shares 27,801 (+49.8%) Est. Cost $99.84 Unrealized +7.4%

VRT Vertiv Holdings Co CL A 1.0%

Value ($000) $2,443 (+94.0%) Shares 15,081 (+80.7%) Est. Cost $148.16 Unrealized +17.2%

GEV GE Vernova Inc 1.6%

Value ($000) $3,925 (+40.4%) Shares 6,005 (+32.1%) Est. Cost $394.19 Unrealized +54.5%

BSX Boston Scientific Corp. 1.4%

Value ($000) $3,341 (+49.8%) Shares 35,040 (+53.4%) Est. Cost $96.40 Unrealized +1.7%

GS Goldman Sachs Group Inc. 1.9%

Value ($000) $4,448 (+29.4%) Shares 5,060 (+17.2%) Est. Cost $575.93 Unrealized +41.2%

SNOW Snowflake Inc. 1.7%

Value ($000) $4,082 (+18.5%) Shares 18,610 (+21.8%) Est. Cost $182.67 Unrealized +33.6%

LRCX Lam Research Corp. 0.7%

Value ($000) $1,723 (+54.7%) Shares 10,063 (+21.0%) Est. Cost $114.17 Unrealized +36.1%

AMZN Amazon Inc. 2.9%

Value ($000) $6,863 (+9.6%) Shares 29,733 (+4.3%) Est. Cost $134.87 Unrealized +69.6%

HD Home Depot Inc. 1.8%

Value ($000) $4,330 (-12.0%) Shares 12,584 (+3.7%) Est. Cost $260.38 Unrealized +40.0%

TJX TJX Companies Inc. 1.9%

Value ($000) $4,480 (+13.8%) Shares 29,167 (+7.0%) Est. Cost $109.81 Unrealized +34.5%

SHOP Shopify Inc. 0.7%

Value ($000) $1,605 (+45.7%) Shares 9,969 (+34.5%) Est. Cost $123.72 Unrealized +29.8%

COST Costco Wholesale Inc. 2.1%

Value ($000) $5,091 (-5.2%) Shares 5,904 (+1.8%) Est. Cost $356.95 Unrealized +153.7%

V Visa Inc. 2.3%

Value ($000) $5,390 (+4.8%) Shares 15,370 (+2.0%) Est. Cost $202.32 Unrealized +68.2%

TSM Taiwan Semiconductor (Taiwan) 0.9%

Value ($000) $2,200 (+11.6%) Shares 7,240 (+2.5%) Est. Cost $177.65 Unrealized —

MSFT Microsoft Corp. 3.3%

Value ($000) $7,999 (-2.6%) Shares 16,539 (+4.3%) Est. Cost $218.19 Unrealized +129.4%

NEE Nextera Energy Inc. 1.1%

Value ($000) $2,676 (+8.1%) Shares 33,339 (+1.7%) Est. Cost $66.72 Unrealized +23.6%

HON Honeywell Intl. Inc 1.8%

Value ($000) $4,304 (+4.9%) Shares 22,064 (+13.1%) Est. Cost $176.31 Unrealized +10.6%

MA Mastercard Inc. 2.1%

Value ($000) $4,984 (+3.9%) Shares 8,731 (+3.5%) Est. Cost $339.69 Unrealized +64.5%

TMO Thermo Fisher Scientific 0.3%

Value ($000) $752 (+21.9%) Shares 1,298 (+2.0%) Est. Cost $468.30 Unrealized +20.7%

MS Morgan Stanley 0.1%

Value ($000) $352 (+59.8%) Shares 1,982 (+43.1%) Est. Cost $134.67 Unrealized +23.6%

RTX RTX Corp (Raytheon) 0.1%

Value ($000) $353 (+36.3%) Shares 1,927 (+24.3%) Est. Cost $141.99 Unrealized +22.1%

AZO AutoZone Inc. 0.1%

Value ($000) $312 (-13.4%) Shares 92 (+9.5%) Est. Cost $3030.63 Unrealized +24.7%

HOOD Robinhood Markets, Inc. 1.9%

Value ($000) $4,582 (-0.9%) Shares 40,514 (+25.4%) Est. Cost $75.25 Unrealized +72.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOW	ServiceNow Inc.	19,642 (+301.2%)	$3,009 (-33.2%)	1.3%	$155.38	+10.4%	COM	81762P102
NFLX	Netflix	45,540 (+870.8%)	$4,270 (-24.1%)	1.8%	$102.26	+5.4%	COM	64110L106
RDDT	Reddit, Inc.	10,216 (+105.7%)	$2,348 (+105.6%)	1.0%	$196.32	+7.1%	COM	75734B100
APP	AppLovin Corporation	5,863 (+53.0%)	$3,951 (+43.5%)	1.7%	$465.38	+35.4%	COM	03831W108
WMT	Wal-Mart Stores	27,801 (+49.8%)	$3,097 (+61.9%)	1.3%	$99.84	+7.4%	COM	931142103
VRT	Vertiv Holdings Co CL A	15,081 (+80.7%)	$2,443 (+94.0%)	1.0%	$148.16	+17.2%	COM	92537N108
GEV	GE Vernova Inc	6,005 (+32.1%)	$3,925 (+40.4%)	1.6%	$394.19	+54.5%	COM	36828A101
BSX	Boston Scientific Corp.	35,040 (+53.4%)	$3,341 (+49.8%)	1.4%	$96.40	+1.7%	COM	101137107
GS	Goldman Sachs Group Inc.	5,060 (+17.2%)	$4,448 (+29.4%)	1.9%	$575.93	+41.2%	COM	38141G104
SNOW	Snowflake Inc.	18,610 (+21.8%)	$4,082 (+18.5%)	1.7%	$182.67	+33.6%	COM	833445109
LRCX	Lam Research Corp.	10,063 (+21.0%)	$1,723 (+54.7%)	0.7%	$114.17	+36.1%	COM	512807306
AMZN	Amazon Inc.	29,733 (+4.3%)	$6,863 (+9.6%)	2.9%	$134.87	+69.6%	COM	023135106
HD	Home Depot Inc.	12,584 (+3.7%)	$4,330 (-12.0%)	1.8%	$260.38	+40.0%	COM	437076102
TJX	TJX Companies Inc.	29,167 (+7.0%)	$4,480 (+13.8%)	1.9%	$109.81	+34.5%	COM	872540109
SHOP	Shopify Inc.	9,969 (+34.5%)	$1,605 (+45.7%)	0.7%	$123.72	+29.8%	COM	82509L107
COST	Costco Wholesale Inc.	5,904 (+1.8%)	$5,091 (-5.2%)	2.1%	$356.95	+153.7%	COM	22160K105
V	Visa Inc.	15,370 (+2.0%)	$5,390 (+4.8%)	2.3%	$202.32	+68.2%	COM	92826C839
TSM	Taiwan Semiconductor (Taiwan)	7,240 (+2.5%)	$2,200 (+11.6%)	0.9%	$177.65	—	INTL	874039100
MSFT	Microsoft Corp.	16,539 (+4.3%)	$7,999 (-2.6%)	3.3%	$218.19	+129.4%	COM	594918104
NEE	Nextera Energy Inc.	33,339 (+1.7%)	$2,676 (+8.1%)	1.1%	$66.72	+23.6%	COM	65339F101
HON	Honeywell Intl. Inc	22,064 (+13.1%)	$4,304 (+4.9%)	1.8%	$176.31	+10.6%	COM	438516106
MA	Mastercard Inc.	8,731 (+3.5%)	$4,984 (+3.9%)	2.1%	$339.69	+64.5%	COM	57636Q104
TMO	Thermo Fisher Scientific	1,298 (+2.0%)	$752 (+21.9%)	0.3%	$468.30	+20.7%	COM	883556102
MS	Morgan Stanley	1,982 (+43.1%)	$352 (+59.8%)	0.1%	$134.67	+23.6%	COM	617446448
RTX	RTX Corp (Raytheon)	1,927 (+24.3%)	$353 (+36.3%)	0.1%	$141.99	+22.1%	COM	75513E101
AZO	AutoZone Inc.	92 (+9.5%)	$312 (-13.4%)	0.1%	$3030.63	+24.7%	COM	053332102
HOOD	Robinhood Markets, Inc.	40,514 (+25.4%)	$4,582 (-0.9%)	1.9%	$75.25	+72.8%	COM	770700102

Exited Positions (10)

— Meta Platforms Inc (Facebook) 1.9%

Value ($000) $4,652 Shares 6,334 Est. Cost $574.35 Unrealized —

CHD Church & Dwight Co. 0.8%

Value ($000) $1,807 Shares 20,618 Est. Cost $83.53 Unrealized +2.1%

— Waste Management Inc. 0.6%

Value ($000) $1,397 Shares 6,324 Est. Cost $228.72 Unrealized —

CMG Chipotle Mexican Grill, Inc. 0.6%

Value ($000) $1,389 Shares 35,442 Est. Cost $59.49 Unrealized -39.2%

ADBE Adobe Systems Inc. 0.5%

Value ($000) $1,210 Shares 3,430 Est. Cost $480.44 Unrealized -29.2%

AMT American Tower Corp. (REIT) 0.1%

Value ($000) $334 Shares 1,737 Est. Cost $199.34 Unrealized -9.6%

ARHS Arhaus Inc Cl A 0.1%

Value ($000) $288 Shares 27,050 Est. Cost $9.80 Unrealized +6.0%

TSCO Tractor Supply Company 0.1%

Value ($000) $238 Shares 4,190 Est. Cost $51.74 Unrealized +3.8%

ABT Abbott Laboratories 0.1%

Value ($000) $233 Shares 1,743 Est. Cost $125.61 Unrealized +1.4%

STE Steris plc (UK) 0.1%

Value ($000) $229 Shares 925 Est. Cost $218.57 Unrealized +14.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Meta Platforms Inc (Facebook)	6,334	$4,652	1.9%	$574.35	—	—	30303m102
CHD	Church & Dwight Co.	20,618	$1,807	0.8%	$83.53	+2.1%	—	171340102
—	Waste Management Inc.	6,324	$1,397	0.6%	$228.72	—	—	94106l109
CMG	Chipotle Mexican Grill, Inc.	35,442	$1,389	0.6%	$59.49	-39.2%	—	169656105
ADBE	Adobe Systems Inc.	3,430	$1,210	0.5%	$480.44	-29.2%	—	00724F101
AMT	American Tower Corp. (REIT)	1,737	$334	0.1%	$199.34	-9.6%	—	03027X100
ARHS	Arhaus Inc Cl A	27,050	$288	0.1%	$9.80	+6.0%	—	04035M102
TSCO	Tractor Supply Company	4,190	$238	0.1%	$51.74	+3.8%	—	892356106
ABT	Abbott Laboratories	1,743	$233	0.1%	$125.61	+1.4%	—	002824100
STE	Steris plc (UK)	925	$229	0.1%	$218.57	+14.9%	—	G8473T100

Decreased Positions (26)

GEHC GE Healthcare 0.2%

Value ($000) $533 (-65.6%) Shares 6,495 (-68.5%) Est. Cost $80.18 Unrealized -2.8%

MRVL Marvell Technology, Inc 0.6%

Value ($000) $1,490 (-39.8%) Shares 17,538 (-40.5%) Est. Cost $75.70 Unrealized +15.5%

CRM Salesforce.com Inc. 0.9%

Value ($000) $2,258 (-29.1%) Shares 8,525 (-36.6%) Est. Cost $230.41 Unrealized +7.7%

ANET Arista Networks Inc. 3.0%

Value ($000) $7,184 (-11.4%) Shares 54,825 (-1.5%) Est. Cost $128.77 Unrealized +6.9%

ISRG Intuitive Surgical 1.9%

Value ($000) $4,571 (+24.8%) Shares 8,070 (-1.5%) Est. Cost $330.70 Unrealized +61.0%

SPGI S&P Global Inc. 0.9%

Value ($000) $2,169 (-28.5%) Shares 4,151 (-33.4%) Est. Cost $369.35 Unrealized +33.8%

TMUS T-Mobile US, Inc. 1.7%

Value ($000) $4,051 (-17.5%) Shares 19,954 (-2.7%) Est. Cost $124.85 Unrealized +69.3%

CMI Cummins Inc. 2.1%

Value ($000) $4,999 (+19.4%) Shares 9,793 (-1.2%) Est. Cost $259.31 Unrealized +79.8%

USB US Bancorp 1.1%

Value ($000) $2,599 (-23.6%) Shares 48,706 (-30.8%) Est. Cost $32.63 Unrealized +49.3%

CDNS Cadence Design Systems Inc 1.2%

Value ($000) $2,822 (-18.6%) Shares 9,027 (-8.6%) Est. Cost $261.39 Unrealized +24.8%

URI United Rentals, Inc. 1.2%

Value ($000) $2,837 (-17.2%) Shares 3,505 (-2.3%) Est. Cost $580.78 Unrealized +49.3%

CAT Caterpillar Inc. 1.4%

Value ($000) $3,398 (+16.6%) Shares 5,932 (-2.9%) Est. Cost $236.09 Unrealized +135.3%

SNPS Synopsys 0.2%

Value ($000) $388 (-55.3%) Shares 827 (-53.0%) Est. Cost $554.12 Unrealized -19.8%

CRWD CrowdStrike Holdings, Inc 2.8%

Value ($000) $6,719 (-5.5%) Shares 14,333 (-1.1%) Est. Cost $163.87 Unrealized +210.7%

ORCL Oracle Corporation 0.1%

Value ($000) $357 (-50.2%) Shares 1,831 (-28.1%) Est. Cost $127.28 Unrealized +87.0%

GOOG Alphabet Inc. Class C 0.7%

Value ($000) $1,573 (+25.5%) Shares 5,012 (-2.6%) Est. Cost $110.42 Unrealized +159.3%

ORLY O'Reilly Automotive Inc 0.5%

Value ($000) $1,199 (-20.0%) Shares 13,144 (-5.4%) Est. Cost $89.19 Unrealized +9.5%

CVX Chevron Corp. 1.7%

Value ($000) $3,951 (-5.1%) Shares 25,925 (-3.3%) Est. Cost $129.83 Unrealized +16.6%

AXON Axon Enterprise, Inc. 0.2%

Value ($000) $395 (-32.7%) Shares 695 (-14.9%) Est. Cost $758.81 Unrealized -18.2%

CASY Casey's General Stores, Inc. 1.9%

Value ($000) $4,455 (-4.0%) Shares 8,060 (-1.8%) Est. Cost $292.40 Unrealized +88.0%

MCK McKesson Corporation 1.9%

Value ($000) $4,521 (+3.9%) Shares 5,511 (-2.1%) Est. Cost $431.68 Unrealized +88.9%

COO Cooper Companies 0.2%

Value ($000) $393 (-30.2%) Shares 4,791 (-41.6%) Est. Cost $70.83 Unrealized +5.7%

FTNT Fortinet, Inc. 0.6%

Value ($000) $1,362 (-9.5%) Shares 17,151 (-4.2%) Est. Cost $52.94 Unrealized +56.7%

IDXX IDEXX Laboratories Inc. 0.2%

Value ($000) $579 (-7.1%) Shares 856 (-12.3%) Est. Cost $449.40 Unrealized +51.5%

MCD McDonalds Corp. 0.4%

Value ($000) $949 (-4.2%) Shares 3,105 (-4.8%) Est. Cost $260.25 Unrealized +17.2%

GE GE Aerospace 2.6%

Value ($000) $6,300 (+0.4%) Shares 20,452 (-2.0%) Est. Cost $153.48 Unrealized +96.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEHC	GE Healthcare	6,495 (-68.5%)	$533 (-65.6%)	0.2%	$80.18	-2.8%	COM	36266G107
MRVL	Marvell Technology, Inc	17,538 (-40.5%)	$1,490 (-39.8%)	0.6%	$75.70	+15.5%	COM	573874104
CRM	Salesforce.com Inc.	8,525 (-36.6%)	$2,258 (-29.1%)	0.9%	$230.41	+7.7%	COM	79466L302
ANET	Arista Networks Inc.	54,825 (-1.5%)	$7,184 (-11.4%)	3.0%	$128.77	+6.9%	COM	040413205
ISRG	Intuitive Surgical	8,070 (-1.5%)	$4,571 (+24.8%)	1.9%	$330.70	+61.0%	COM	46120E602
SPGI	S&P Global Inc.	4,151 (-33.4%)	$2,169 (-28.5%)	0.9%	$369.35	+33.8%	COM	78409V104
TMUS	T-Mobile US, Inc.	19,954 (-2.7%)	$4,051 (-17.5%)	1.7%	$124.85	+69.3%	COM	872590104
CMI	Cummins Inc.	9,793 (-1.2%)	$4,999 (+19.4%)	2.1%	$259.31	+79.8%	COM	231021106
USB	US Bancorp	48,706 (-30.8%)	$2,599 (-23.6%)	1.1%	$32.63	+49.3%	COM	902973304
CDNS	Cadence Design Systems Inc	9,027 (-8.6%)	$2,822 (-18.6%)	1.2%	$261.39	+24.8%	COM	127387108
URI	United Rentals, Inc.	3,505 (-2.3%)	$2,837 (-17.2%)	1.2%	$580.78	+49.3%	COM	911363109
CAT	Caterpillar Inc.	5,932 (-2.9%)	$3,398 (+16.6%)	1.4%	$236.09	+135.3%	COM	149123101
SNPS	Synopsys	827 (-53.0%)	$388 (-55.3%)	0.2%	$554.12	-19.8%	COM	871607107
CRWD	CrowdStrike Holdings, Inc	14,333 (-1.1%)	$6,719 (-5.5%)	2.8%	$163.87	+210.7%	COM	22788C105
ORCL	Oracle Corporation	1,831 (-28.1%)	$357 (-50.2%)	0.1%	$127.28	+87.0%	COM	68389X105
GOOG	Alphabet Inc. Class C	5,012 (-2.6%)	$1,573 (+25.5%)	0.7%	$110.42	+159.3%	COM	02079K107
ORLY	O'Reilly Automotive Inc	13,144 (-5.4%)	$1,199 (-20.0%)	0.5%	$89.19	+9.5%	COM	67103H107
CVX	Chevron Corp.	25,925 (-3.3%)	$3,951 (-5.1%)	1.7%	$129.83	+16.6%	COM	166764100
AXON	Axon Enterprise, Inc.	695 (-14.9%)	$395 (-32.7%)	0.2%	$758.81	-18.2%	COM	05464C101
CASY	Casey's General Stores, Inc.	8,060 (-1.8%)	$4,455 (-4.0%)	1.9%	$292.40	+88.0%	COM	147528103
MCK	McKesson Corporation	5,511 (-2.1%)	$4,521 (+3.9%)	1.9%	$431.68	+88.9%	COM	58155Q103
COO	Cooper Companies	4,791 (-41.6%)	$393 (-30.2%)	0.2%	$70.83	+5.7%	COM	216648501
FTNT	Fortinet, Inc.	17,151 (-4.2%)	$1,362 (-9.5%)	0.6%	$52.94	+56.7%	COM	34959E109
IDXX	IDEXX Laboratories Inc.	856 (-12.3%)	$579 (-7.1%)	0.2%	$449.40	+51.5%	COM	45168D104
MCD	McDonalds Corp.	3,105 (-4.8%)	$949 (-4.2%)	0.4%	$260.25	+17.2%	COM	580135101
GE	GE Aerospace	20,452 (-2.0%)	$6,300 (+0.4%)	2.6%	$153.48	+96.0%	COM	369604301

Unchanged Positions (10)

GOOGL Alphabet Inc. Class A 4.0%

Value ($000) $9,465 Shares 30,239 Est. Cost $109.48 Unrealized +160.9%

AMD Advanced Micro Devices, Inc. 2.5%

Value ($000) $5,930 Shares 27,689 Est. Cost $86.23 Unrealized +160.5%

AAPL Apple Inc. 3.3%

Value ($000) $8,003 Shares 29,439 Est. Cost $118.25 Unrealized +126.9%

PANW Palo Alto Networks Inc 2.0%

Value ($000) $4,886 Shares 26,525 Est. Cost $143.63 Unrealized +40.5%

AMAT Applied Materials 0.5%

Value ($000) $1,228 Shares 4,778 Est. Cost $168.44 Unrealized +42.2%

PSA Public Storage (REIT) 0.6%

Value ($000) $1,547 Shares 5,963 Est. Cost $271.32 Unrealized +2.2%

SYK Stryker Corp. 1.6%

Value ($000) $3,747 Shares 10,660 Est. Cost $246.92 Unrealized +47.2%

NVDA NVIDIA Corp. 8.7%

Value ($000) $20,898 Shares 112,054 Est. Cost $91.67 Unrealized +103.0%

JPM JPMorgan Chase & Co. 2.9%

Value ($000) $6,987 Shares 21,683 Est. Cost $105.92 Unrealized +192.2%

EW Edwards Lifesciences 0.1%

Value ($000) $282 Shares 3,303 Est. Cost $83.03 Unrealized -1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc. Class A	30,239	$9,465	4.0%	$109.48	+160.9%	COM	02079K305
AMD	Advanced Micro Devices, Inc.	27,689	$5,930	2.5%	$86.23	+160.5%	COM	007903107
AAPL	Apple Inc.	29,439	$8,003	3.3%	$118.25	+126.9%	COM	037833100
PANW	Palo Alto Networks Inc	26,525	$4,886	2.0%	$143.63	+40.5%	COM	697435105
AMAT	Applied Materials	4,778	$1,228	0.5%	$168.44	+42.2%	COM	038222105
PSA	Public Storage (REIT)	5,963	$1,547	0.6%	$271.32	+2.2%	COM	74460D109
SYK	Stryker Corp.	10,660	$3,747	1.6%	$246.92	+47.2%	COM	863667101
NVDA	NVIDIA Corp.	112,054	$20,898	8.7%	$91.67	+103.0%	COM	67066G104
JPM	JPMorgan Chase & Co.	21,683	$6,987	2.9%	$105.92	+192.2%	COM	46625H100
EW	Edwards Lifesciences	3,303	$282	0.1%	$83.03	-1.2%	COM	28176E108