Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	51,818	$17.65M	8.7%	$279.98	+9.7%	COM	594918104
AMZN	AMAZON COM INC	128,487	$16.75M	8.3%	$121.54	-6.0%	COM	023135106
ADI	ANALOG DEVICES INC	63,097	$12.29M	6.1%	$160.33	+10.3%	COM	032654105
HON	HONEYWELL INTL INC	59,170	$12.28M	6.1%	$183.61	-4.4%	COM	438516106
—	BANK AMERICA CORP	9,495	$11.15M	5.5%	$1194.07	—	7.25%CNV PFD L	060505682
BRK/B	BERKSHIRE HATHAWAY INC DEL	31,661	$10.8M	5.3%	$295.23	+10.5%	CL B NEW	084670702
TMO	THERMO FISHER SCIENTIFIC INC	18,590	$9.699M	4.8%	$581.96	-8.0%	COM	883556102
SPGI	S&P GLOBAL INC	22,354	$8.961M	4.4%	$372.64	-4.0%	COM	78409V104
GOOGL	ALPHABET INC	74,785	$8.952M	4.4%	$107.38	+6.4%	CAP STK CL A	02079K305
DHR	DANAHER CORPORATION	29,578	$7.099M	3.5%	$215.51	-3.1%	COM	235851102
PM	PHILIP MORRIS INTL INC	71,823	$7.011M	3.5%	$80.20	+5.3%	COM	718172109
BDX	BECTON DICKINSON & CO	26,388	$6.967M	3.4%	$225.36	+7.4%	COM	075887109
GOOG	ALPHABET INC	55,866	$6.758M	3.3%	$111.41	+3.1%	CAP STK CL C	02079K107
RTX	RAYTHEON TECHNOLOGIES CORP	65,247	$6.392M	3.2%	$80.14	+15.2%	COM	75513E101
BAC	BANK AMERICA CORP	211,319	$6.063M	3.0%	$36.93	-27.9%	COM	060505104
—	WELLS FARGO CO NEW	4,934	$5.689M	2.8%	$1227.40	—	PERP PFD CNV A	949746804
V	VISA INC	23,246	$5.52M	2.7%	$207.52	+8.2%	COM CL A	92826C839
ICE	INTERCONTINENTAL EXCHANGE IN	44,576	$5.041M	2.5%	$109.57	-4.5%	COM	45866F104
WMB	WILLIAMS COS INC	148,823	$4.856M	2.4%	$26.21	+2.1%	COM	969457100
TXN	TEXAS INSTRS INC	23,302	$4.195M	2.1%	$159.07	0.0%	COM	882508104
AMAT	APPLIED MATLS INC	23,739	$3.431M	1.7%	$138.94	-12.0%	COM	038222105
ADSK	AUTODESK INC	16,405	$3.357M	1.7%	$276.48	-27.7%	COM	052769106
DEO	DIAGEO PLC	16,072	$2.788M	1.4%	$192.73	—	SPON ADR NEW	25243Q205
LIN	LINDE PLC	7,133	$2.718M	1.3%	$322.30	+9.5%	SHS	G54950103
PHYS	SPROTT PHYSICAL GOLD TR	147,673	$2.203M	1.1%	$14.43	—	UNIT	85207H104
ADBE	ADOBE SYSTEMS INCORPORATED	3,311	$1.619M	0.8%	$505.74	-20.3%	COM	00724F101
UNP	UNION PAC CORP	7,385	$1.511M	0.7%	$187.00	0.0%	COM	907818108
SYK	STRYKER CORPORATION	4,330	$1.321M	0.7%	$246.10	+14.3%	COM	863667101
—	LAM RESEARCH CORP	1,675	$1.077M	0.5%	$537.51	—	COM	512807108
TDY	TELEDYNE TECHNOLOGIES INC	2,224	$914K	0.5%	$412.39	0.0%	COM	879360105
AAPL	APPLE INC	3,988	$774K	0.4%	$150.67	+14.2%	COM	037833100
META	META PLATFORMS INC	2,637	$757K	0.4%	$328.10	-25.3%	CL A	30303M102
MOAT	VANECK ETF TRUST	8,970	$716K	0.4%	$69.73	—	MRNGSTR WDE MOAT	92189F643
AES	AES CORP	29,896	$620K	0.3%	$20.39	-4.3%	COM	00130H105
SPGP	INVESCO EXCHANGE TRADED FD T	6,600	$599K	0.3%	$86.80	—	S&P 500 GARP ETF	46137V431
IHI	ISHARES TR	10,016	$566K	0.3%	$58.03	—	U.S. MED DVC ETF	464288810
CP	CANADIAN PACIFIC KANSAS CITY	6,942	$561K	0.3%	$77.51	0.0%	COM	13646K108
HD	HOME DEPOT INC	1,561	$485K	0.2%	$317.66	-13.0%	COM	437076102
FMX	FOMENTO ECONOMICO MEXICANO S	3,951	$438K	0.2%	$62.77	—	SPON ADR UNITS	344419106
VEU	VANGUARD INTL EQUITY INDEX F	7,600	$414K	0.2%	$50.14	—	ALLWRLD EX US	922042775
DIS	DISNEY WALT CO	4,484	$400K	0.2%	$150.23	-38.4%	COM	254687106
ASHR	DBX ETF TR	12,110	$324K	0.2%	$37.53	—	XTRACK HRVST CSI	233051879
REGN	REGENERON PHARMACEUTICALS	367	$264K	0.1%	$644.57	+19.0%	COM	75886F107
—	PIMCO ENERGY & TACTICAL CR O	14,971	$236K	0.1%	$12.86	—	COM SHS BEN INT	69346N107
GDX	VANECK ETF TRUST	7,450	$224K	0.1%	$28.66	—	GOLD MINERS ETF	92189F106
SGHC	SUPER GROUP SGHC LIMITED	45,355	$132K	0.1%	$3.54	-0.2%	ORD SHS	G8588X103