Constitution Capital LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	625	$669	0.3%	$1069.86	—	N Y REGISTRY SHS	N07059210
T	AT&T INC	26,000	$646	0.3%	$25.29	0.0%	COM	00206R102
NEM	NEWMONT CORP	5,350	$534	0.3%	$90.20	0.0%	COM	651639106
TMO	THERMO FISHER SCIENTIFIC INC	423	$245	0.1%	$565.16	0.0%	COM	883556102
GOOG	ALPHABET INC	740	$232	0.1%	$286.33	0.0%	CAP STK CL C	02079K107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	700	$213	0.1%	$303.89	—	SPONSORED ADS	874039100
DIS	DISNEY WALT CO	1,800	$205	0.1%	$109.53	0.0%	COM	254687106

Increased Positions (24)

KO COCA COLA CO 3.8%

Value ($000) $8,016 (+110.4%) Shares 114,661 (+99.6%) Est. Cost $67.05 Unrealized +3.5%

GOOGL ALPHABET INC 3.0%

Value ($000) $6,448 (+160.4%) Shares 20,602 (+102.2%) Est. Cost $221.68 Unrealized +28.8%

AMZN AMAZON COM INC 2.9%

Value ($000) $6,118 (+46.3%) Shares 26,505 (+39.2%) Est. Cost $198.70 Unrealized +15.1%

XLC SELECT SECTOR SPDR TR 0.9%

Value ($000) $1,807 (+128.0%) Shares 15,346 (+129.3%) Est. Cost $103.85 Unrealized —

WMT WALMART INC 4.6%

Value ($000) $9,785 (+9.2%) Shares 87,828 (+1.0%) Est. Cost $54.62 Unrealized +96.3%

PG PROCTER AND GAMBLE CO 2.1%

Value ($000) $4,507 (+18.9%) Shares 31,449 (+27.5%) Est. Cost $136.21 Unrealized +8.0%

AXP AMERICAN EXPRESS CO 2.3%

Value ($000) $4,911 (+17.1%) Shares 13,275 (+5.1%) Est. Cost $200.06 Unrealized +78.4%

XLK SELECT SECTOR SPDR TR 3.4%

Value ($000) $7,150 (+10.9%) Shares 49,664 (+117.0%) Est. Cost $155.85 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.8%

Value ($000) $1,611 (+53.1%) Shares 13,975 (+49.4%) Est. Cost $102.74 Unrealized +14.6%

NVDA NVIDIA CORPORATION 4.5%

Value ($000) $9,524 (+5.7%) Shares 51,065 (+5.8%) Est. Cost $112.90 Unrealized +64.9%

MRK MERCK & CO INC 0.4%

Value ($000) $882 (+108.1%) Shares 8,380 (+65.9%) Est. Cost $86.89 Unrealized +7.3%

GS GOLDMAN SACHS GROUP INC 0.5%

Value ($000) $1,143 (+59.4%) Shares 1,300 (+44.4%) Est. Cost $568.91 Unrealized +43.0%

COST COSTCO WHSL CORP NEW 1.8%

Value ($000) $3,833 (+9.3%) Shares 4,445 (+17.3%) Est. Cost $877.82 Unrealized +3.2%

CAT CATERPILLAR INC 0.6%

Value ($000) $1,335 (+25.4%) Shares 2,330 (+4.5%) Est. Cost $291.93 Unrealized +90.3%

CVX CHEVRON CORP NEW 0.2%

Value ($000) $480 (+81.0%) Shares 3,150 (+84.4%) Est. Cost $150.06 Unrealized +0.9%

V VISA INC 1.0%

Value ($000) $2,129 (+10.0%) Shares 6,070 (+7.1%) Est. Cost $271.55 Unrealized +25.3%

XLI SELECT SECTOR SPDR TR 0.5%

Value ($000) $1,082 (+12.2%) Shares 6,975 (+11.6%) Est. Cost $108.39 Unrealized —

TJX TJX COS INC NEW 0.2%

Value ($000) $336 (+33.8%) Shares 2,190 (+25.9%) Est. Cost $75.72 Unrealized +95.1%

XLF SELECT SECTOR SPDR TR 1.5%

Value ($000) $3,134 (+2.7%) Shares 57,221 (+1.0%) Est. Cost $43.37 Unrealized —

NFLX NETFLIX INC 0.1%

Value ($000) $225 (-21.8%) Shares 2,400 (+900.0%) Est. Cost $106.61 Unrealized +1.1%

XLU SELECT SECTOR SPDR TR 0.3%

Value ($000) $575 (+6.4%) Shares 13,462 (+117.3%) Est. Cost $53.53 Unrealized —

XLP SELECT SECTOR SPDR TR 0.3%

Value ($000) $550 (+3.3%) Shares 7,079 (+4.2%) Est. Cost $70.62 Unrealized —

XLE SELECT SECTOR SPDR TR 0.3%

Value ($000) $719 (+1.1%) Shares 16,076 (+102.0%) Est. Cost $64.15 Unrealized —

XLY SELECT SECTOR SPDR TR 1.3%

Value ($000) $2,760 (+0.2%) Shares 23,113 (+101.1%) Est. Cost $144.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KO	COCA COLA CO	114,661 (+99.6%)	$8,016 (+110.4%)	3.8%	$67.05	+3.5%	COM	191216100
GOOGL	ALPHABET INC	20,602 (+102.2%)	$6,448 (+160.4%)	3.0%	$221.68	+28.8%	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	26,505 (+39.2%)	$6,118 (+46.3%)	2.9%	$198.70	+15.1%	COM	023135106
XLC	SELECT SECTOR SPDR TR	15,346 (+129.3%)	$1,807 (+128.0%)	0.9%	$103.85	—	STATE STREET COM	81369Y852
WMT	WALMART INC	87,828 (+1.0%)	$9,785 (+9.2%)	4.6%	$54.62	+96.3%	COM	931142103
PG	PROCTER AND GAMBLE CO	31,449 (+27.5%)	$4,507 (+18.9%)	2.1%	$136.21	+8.0%	COM	742718109
AXP	AMERICAN EXPRESS CO	13,275 (+5.1%)	$4,911 (+17.1%)	2.3%	$200.06	+78.4%	COM	025816109
XLK	SELECT SECTOR SPDR TR	49,664 (+117.0%)	$7,150 (+10.9%)	3.4%	$155.85	—	STATE STREET TEC	81369Y803
AEP	AMERICAN ELEC PWR CO INC	13,975 (+49.4%)	$1,611 (+53.1%)	0.8%	$102.74	+14.6%	COM	025537101
NVDA	NVIDIA CORPORATION	51,065 (+5.8%)	$9,524 (+5.7%)	4.5%	$112.90	+64.9%	COM	67066G104
MRK	MERCK & CO INC	8,380 (+65.9%)	$882 (+108.1%)	0.4%	$86.89	+7.3%	COM	58933Y105
GS	GOLDMAN SACHS GROUP INC	1,300 (+44.4%)	$1,143 (+59.4%)	0.5%	$568.91	+43.0%	COM	38141G104
COST	COSTCO WHSL CORP NEW	4,445 (+17.3%)	$3,833 (+9.3%)	1.8%	$877.82	+3.2%	COM	22160K105
CAT	CATERPILLAR INC	2,330 (+4.5%)	$1,335 (+25.4%)	0.6%	$291.93	+90.3%	COM	149123101
CVX	CHEVRON CORP NEW	3,150 (+84.4%)	$480 (+81.0%)	0.2%	$150.06	+0.9%	COM	166764100
V	VISA INC	6,070 (+7.1%)	$2,129 (+10.0%)	1.0%	$271.55	+25.3%	COM CL A	92826C839
XLI	SELECT SECTOR SPDR TR	6,975 (+11.6%)	$1,082 (+12.2%)	0.5%	$108.39	—	STATE STREET IND	81369Y704
TJX	TJX COS INC NEW	2,190 (+25.9%)	$336 (+33.8%)	0.2%	$75.72	+95.1%	COM	872540109
XLF	SELECT SECTOR SPDR TR	57,221 (+1.0%)	$3,134 (+2.7%)	1.5%	$43.37	—	STATE STREET FIN	81369Y605
NFLX	NETFLIX INC	2,400 (+900.0%)	$225 (-21.8%)	0.1%	$106.61	+1.1%	COM	64110L106
XLU	SELECT SECTOR SPDR TR	13,462 (+117.3%)	$575 (+6.4%)	0.3%	$53.53	—	STATE STREET UTI	81369Y886
XLP	SELECT SECTOR SPDR TR	7,079 (+4.2%)	$550 (+3.3%)	0.3%	$70.62	—	STATE STREET CON	81369Y308
XLE	SELECT SECTOR SPDR TR	16,076 (+102.0%)	$719 (+1.1%)	0.3%	$64.15	—	STATE STREET ENE	81369Y506
XLY	SELECT SECTOR SPDR TR	23,113 (+101.1%)	$2,760 (+0.2%)	1.3%	$144.95	—	STATE STREET CON	81369Y407

Exited Positions (4)

BA BOEING CO 0.6%

Value ($000) $1,295 Shares 6,000 Est. Cost $225.47 Unrealized -8.8%

VZ VERIZON COMMUNICATIONS INC 0.3%

Value ($000) $629 Shares 14,312 Est. Cost $42.49 Unrealized -4.7%

TSLA TESLA INC 0.2%

Value ($000) $365 Shares 820 Est. Cost $346.84 Unrealized +27.8%

BAC BANK AMERICA CORP 0.1%

Value ($000) $209 Shares 4,050 Est. Cost $48.34 Unrealized +8.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BA	BOEING CO	6,000	$1,295	0.6%	$225.47	-8.8%	—	097023105
VZ	VERIZON COMMUNICATIONS INC	14,312	$629	0.3%	$42.49	-4.7%	—	92343V104
TSLA	TESLA INC	820	$365	0.2%	$346.84	+27.8%	—	88160R101
BAC	BANK AMERICA CORP	4,050	$209	0.1%	$48.34	+8.9%	—	060505104

Decreased Positions (21)

MSFT MICROSOFT CORP 22.0%

Value ($000) $46,530 (-25.9%) Shares 96,213 (-20.6%) Est. Cost $280.76 Unrealized +78.3%

HD HOME DEPOT INC 3.6%

Value ($000) $7,661 (-21.3%) Shares 22,263 (-7.3%) Est. Cost $258.90 Unrealized +40.8%

UNH UNITEDHEALTH GROUP INC 1.1%

Value ($000) $2,226 (-34.4%) Shares 6,742 (-31.4%) Est. Cost $373.32 Unrealized -9.7%

WM WASTE MGMT INC DEL 0.5%

Value ($000) $1,153 (-45.3%) Shares 5,250 (-45.0%) Est. Cost $215.32 Unrealized -1.3%

META META PLATFORMS INC 0.9%

Value ($000) $1,812 (-22.9%) Shares 2,745 (-14.2%) Est. Cost $556.28 Unrealized +20.0%

UNP UNION PAC CORP 2.3%

Value ($000) $4,880 (-9.0%) Shares 21,098 (-7.0%) Est. Cost $192.12 Unrealized +18.3%

NEE NEXTERA ENERGY INC 3.5%

Value ($000) $7,415 (+5.2%) Shares 92,368 (-1.0%) Est. Cost $67.05 Unrealized +23.1%

SYY SYSCO CORP 0.5%

Value ($000) $1,001 (-26.9%) Shares 13,582 (-18.4%) Est. Cost $61.76 Unrealized +22.2%

SO SOUTHERN CO 0.8%

Value ($000) $1,662 (-14.7%) Shares 19,055 (-7.3%) Est. Cost $75.41 Unrealized +20.5%

JNJ JOHNSON & JOHNSON 2.6%

Value ($000) $5,411 (+3.9%) Shares 26,145 (-6.9%) Est. Cost $153.58 Unrealized +28.3%

WFC WELLS FARGO CO NEW 0.1%

Value ($000) $280 (-37.1%) Shares 3,000 (-43.4%) Est. Cost $37.64 Unrealized +130.1%

LLY ELI LILLY & CO 0.6%

Value ($000) $1,322 (+13.2%) Shares 1,230 (-19.6%) Est. Cost $697.54 Unrealized +37.0%

AMGN AMGEN INC 0.1%

Value ($000) $250 (-23.8%) Shares 765 (-34.3%) Est. Cost $287.02 Unrealized +10.1%

MS MORGAN STANLEY 0.4%

Value ($000) $795 (+9.7%) Shares 4,480 (-1.8%) Est. Cost $137.98 Unrealized +20.6%

XOM EXXON MOBIL CORP 0.5%

Value ($000) $1,070 (+5.1%) Shares 8,895 (-1.5%) Est. Cost $104.55 Unrealized +10.5%

CNI CANADIAN NATL RY CO 0.1%

Value ($000) $290 (-10.4%) Shares 2,932 (-14.6%) Est. Cost $97.95 Unrealized -1.8%

MAR MARRIOTT INTL INC NEW 0.1%

Value ($000) $264 (+6.6%) Shares 850 (-10.5%) Est. Cost $183.02 Unrealized +55.9%

SPY SPDR S&P 500 ETF TR 0.5%

Value ($000) $984 (+1.3%) Shares 1,444 (-1.0%) Est. Cost $428.38 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $624 (-1.2%) Shares 1,241 (-1.2%) Est. Cost $448.04 Unrealized +11.0%

TKO TKO GROUP HOLDINGS INC 0.2%

Value ($000) $376 (-2.0%) Shares 1,800 (-5.3%) Est. Cost $100.28 Unrealized +93.2%

PEP PEPSICO INC 2.6%

Value ($000) $5,450 (-0.0%) Shares 37,976 (-2.2%) Est. Cost $138.54 Unrealized +5.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	96,213 (-20.6%)	$46,530 (-25.9%)	22.0%	$280.76	+78.3%	COM	594918104
HD	HOME DEPOT INC	22,263 (-7.3%)	$7,661 (-21.3%)	3.6%	$258.90	+40.8%	COM	437076102
UNH	UNITEDHEALTH GROUP INC	6,742 (-31.4%)	$2,226 (-34.4%)	1.1%	$373.32	-9.7%	COM	91324P102
WM	WASTE MGMT INC DEL	5,250 (-45.0%)	$1,153 (-45.3%)	0.5%	$215.32	-1.3%	COM	94106L109
META	META PLATFORMS INC	2,745 (-14.2%)	$1,812 (-22.9%)	0.9%	$556.28	+20.0%	CL A	30303M102
UNP	UNION PAC CORP	21,098 (-7.0%)	$4,880 (-9.0%)	2.3%	$192.12	+18.3%	COM	907818108
NEE	NEXTERA ENERGY INC	92,368 (-1.0%)	$7,415 (+5.2%)	3.5%	$67.05	+23.1%	COM	65339F101
SYY	SYSCO CORP	13,582 (-18.4%)	$1,001 (-26.9%)	0.5%	$61.76	+22.2%	COM	871829107
SO	SOUTHERN CO	19,055 (-7.3%)	$1,662 (-14.7%)	0.8%	$75.41	+20.5%	COM	842587107
JNJ	JOHNSON & JOHNSON	26,145 (-6.9%)	$5,411 (+3.9%)	2.6%	$153.58	+28.3%	COM	478160104
WFC	WELLS FARGO CO NEW	3,000 (-43.4%)	$280 (-37.1%)	0.1%	$37.64	+130.1%	COM	949746101
LLY	ELI LILLY & CO	1,230 (-19.6%)	$1,322 (+13.2%)	0.6%	$697.54	+37.0%	COM	532457108
AMGN	AMGEN INC	765 (-34.3%)	$250 (-23.8%)	0.1%	$287.02	+10.1%	COM	031162100
MS	MORGAN STANLEY	4,480 (-1.8%)	$795 (+9.7%)	0.4%	$137.98	+20.6%	COM NEW	617446448
XOM	EXXON MOBIL CORP	8,895 (-1.5%)	$1,070 (+5.1%)	0.5%	$104.55	+10.5%	COM	30231G102
CNI	CANADIAN NATL RY CO	2,932 (-14.6%)	$290 (-10.4%)	0.1%	$97.95	-1.8%	COM	136375102
MAR	MARRIOTT INTL INC NEW	850 (-10.5%)	$264 (+6.6%)	0.1%	$183.02	+55.9%	CL A	571903202
SPY	SPDR S&P 500 ETF TR	1,444 (-1.0%)	$984 (+1.3%)	0.5%	$428.38	—	TR UNIT	78462F103
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,241 (-1.2%)	$624 (-1.2%)	0.3%	$448.04	+11.0%	CL B NEW	084670702
TKO	TKO GROUP HOLDINGS INC	1,800 (-5.3%)	$376 (-2.0%)	0.2%	$100.28	+93.2%	CL A	87256C101
PEP	PEPSICO INC	37,976 (-2.2%)	$5,450 (-0.0%)	2.6%	$138.54	+5.3%	COM	713448108

Unchanged Positions (12)

XLV SELECT SECTOR SPDR TR 4.3%

Value ($000) $9,026 Shares 58,305 Est. Cost $122.99 Unrealized —

AAPL APPLE INC 4.1%

Value ($000) $8,715 Shares 32,058 Est. Cost $146.98 Unrealized +82.6%

JPM JPMORGAN CHASE & CO. 6.1%

Value ($000) $12,819 Shares 39,784 Est. Cost $121.24 Unrealized +155.3%

DUK DUKE ENERGY CORP NEW 2.1%

Value ($000) $4,388 Shares 37,438 Est. Cost $90.64 Unrealized +34.1%

GEV GE VERNOVA INC 0.5%

Value ($000) $1,109 Shares 1,697 Est. Cost $415.97 Unrealized +46.4%

BHVN BIOHAVEN LTD 0.1%

Value ($000) $192 Shares 17,000 Est. Cost $14.56 Unrealized -14.9%

NSC NORFOLK SOUTHN CORP 0.1%

Value ($000) $289 Shares 1,000 Est. Cost $222.40 Unrealized +29.8%

LMT LOCKHEED MARTIN CORP 0.1%

Value ($000) $290 Shares 600 Est. Cost $446.12 Unrealized +6.7%

DE DEERE & CO 0.2%

Value ($000) $466 Shares 1,000 Est. Cost $351.30 Unrealized +33.1%

QQQ INVESCO QQQ TR 0.2%

Value ($000) $338 Shares 551 Est. Cost $422.87 Unrealized —

— GABELLI DIVID & INCOME TR 0.1%

Value ($000) $230 Shares 8,300 Est. Cost $24.45 Unrealized —

ABBV ABBVIE INC 0.2%

Value ($000) $343 Shares 1,500 Est. Cost $201.95 Unrealized +12.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLV	SELECT SECTOR SPDR TR	58,305	$9,026	4.3%	$122.99	—	STATE STREET HEA	81369Y209
AAPL	APPLE INC	32,058	$8,715	4.1%	$146.98	+82.6%	COM	037833100
JPM	JPMORGAN CHASE & CO.	39,784	$12,819	6.1%	$121.24	+155.3%	COM	46625H100
DUK	DUKE ENERGY CORP NEW	37,438	$4,388	2.1%	$90.64	+34.1%	COM NEW	26441C204
GEV	GE VERNOVA INC	1,697	$1,109	0.5%	$415.97	+46.4%	COM	36828A101
BHVN	BIOHAVEN LTD	17,000	$192	0.1%	$14.56	-14.9%	COM	G1110E107
NSC	NORFOLK SOUTHN CORP	1,000	$289	0.1%	$222.40	+29.8%	COM	655844108
LMT	LOCKHEED MARTIN CORP	600	$290	0.1%	$446.12	+6.7%	COM	539830109
DE	DEERE & CO	1,000	$466	0.2%	$351.30	+33.1%	COM	244199105
QQQ	INVESCO QQQ TR	551	$338	0.2%	$422.87	—	UNIT SER 1	46090E103
—	GABELLI DIVID & INCOME TR	8,300	$230	0.1%	$24.45	—	COM	36242H104
ABBV	ABBVIE INC	1,500	$343	0.2%	$201.95	+12.7%	COM	00287Y109