Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HONA	HONEYWELL AEROSPACE INC	48,601	$10.74M	0.8%	$221.08	—	COM	43849R105
CAT	CATERPILLAR INC	459	$489K	0.0%	$1065.47	—	COM	149123101
GLW	CORNING INC	1,500	$383K	0.0%	$255.43	—	COM	219350105
BA	BOEING CO	960	$208K	0.0%	$216.47	—	COM	097023105
SBUX	STARBUCKS CORP	2,000	$204K	0.0%	$102.19	—	COM	855244109
ADP	AUTOMATIC DATA PROCESSING IN	900	$202K	0.0%	$223.95	—	COM	053015103

Increased Positions (39)

AAPL APPLE INC 9.2%

Value $125M (+15.3%) Shares 430,921 (+1.1%) Est. Cost $153.90 Unrealized —

GOOG ALPHABET INC 5.6%

Value $76.23M (+24.9%) Shares 215,738 (+1.4%) Est. Cost $211.88 Unrealized —

LLY ELI LILLY & CO 3.3%

Value $44.51M (+34.4%) Shares 37,106 (+3.0%) Est. Cost $607.47 Unrealized —

AVGO BROADCOM INC 2.3%

Value $31.4M (+50.7%) Shares 83,128 (+23.5%) Est. Cost $212.18 Unrealized —

NVDA NVIDIA CORPORATION 5.1%

Value $69.52M (+16.4%) Shares 347,454 (+1.4%) Est. Cost $118.15 Unrealized —

AMZN AMAZON COM INC 5.1%

Value $69.3M (+15.8%) Shares 290,773 (+1.2%) Est. Cost $122.60 Unrealized —

GEV GE VERNOVA INC 2.3%

Value $31.76M (+36.8%) Shares 27,034 (+1.6%) Est. Cost $395.61 Unrealized —

CVX CHEVRON CORPORATION 2.0%

Value $26.92M (-17.6%) Shares 162,376 (+2.8%) Est. Cost $148.38 Unrealized —

ABBV ABBVIE INC 2.4%

Value $33.14M (+19.9%) Shares 131,696 (+3.6%) Est. Cost $156.66 Unrealized —

NOC NORTHROP GRUMMAN CORP 1.2%

Value $16.42M (-23.3%) Shares 32,230 (+2.7%) Est. Cost $489.56 Unrealized —

META META PLATFORMS INC 1.1%

Value $15.11M (+42.6%) Shares 26,828 (+44.8%) Est. Cost $634.34 Unrealized —

JPM JPMORGAN CHASE & CO 2.7%

Value $36.96M (+12.9%) Shares 112,910 (+1.5%) Est. Cost $147.07 Unrealized —

NFLX NETFLIX INC. 1.0%

Value $13.6M (-23.7%) Shares 190,533 (+2.8%) Est. Cost $99.50 Unrealized —

T AT&T INC 0.7%

Value $9.652M (-25.5%) Shares 466,274 (+4.4%) Est. Cost $20.79 Unrealized —

V VISA INC 1.7%

Value $23.72M (+15.3%) Shares 69,147 (+1.6%) Est. Cost $233.02 Unrealized —

CRM SALESFORCE INC 1.1%

Value $15.44M (-15.1%) Shares 98,543 (+1.1%) Est. Cost $192.34 Unrealized —

MSFT MICROSOFT CORP 7.4%

Value $101M (+2.8%) Shares 271,136 (+2.0%) Est. Cost $287.18 Unrealized —

SNPS SYNOPSYS INC 1.3%

Value $17.17M (+16.3%) Shares 38,499 (+3.4%) Est. Cost $412.06 Unrealized —

TRV TRAVELERS COMPANIES INC 1.2%

Value $15.79M (+14.5%) Shares 47,821 (+1.1%) Est. Cost $227.23 Unrealized —

JNJ JOHNSON & JOHNSON 2.7%

Value $36.05M (+5.5%) Shares 141,937 (+1.5%) Est. Cost $156.25 Unrealized —

MRK MERCK & CO INC 1.5%

Value $20.58M (+8.9%) Shares 160,158 (+1.9%) Est. Cost $89.98 Unrealized —

EMR EMERSON ELEC CO 1.1%

Value $15.5M (+11.3%) Shares 108,301 (+1.8%) Est. Cost $95.49 Unrealized —

PM PHILIP MORRIS INTL INC 0.9%

Value $12.85M (+11.2%) Shares 71,044 (+1.6%) Est. Cost $154.72 Unrealized —

CB CHUBB LIMITED 1.8%

Value $24M (+5.7%) Shares 70,435 (+1.1%) Est. Cost $253.54 Unrealized —

MCD MCDONALDS CORP 0.7%

Value $9.919M (-10.9%) Shares 36,694 (+2.5%) Est. Cost $263.71 Unrealized —

GOOGL ALPHABET INC 0.4%

Value $5.161M (+29.2%) Shares 14,443 (+4.0%) Est. Cost $179.53 Unrealized —

MDT MEDTRONIC PLC 1.2%

Value $15.66M (-6.3%) Shares 200,207 (+3.8%) Est. Cost $81.30 Unrealized —

AMGN AMGEN INC 1.6%

Value $21.88M (+5.1%) Shares 60,423 (+2.1%) Est. Cost $259.41 Unrealized —

COST COSTCO WHOLESALE CORPORATION 1.5%

Value $20.07M (-4.4%) Shares 21,450 (+1.9%) Est. Cost $598.91 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 1.0%

Value $14.08M (+5.3%) Shares 28,086 (+3.2%) Est. Cost $495.17 Unrealized —

AJG GALLAGHER ARTHUR J & CO 0.7%

Value $9.502M (+7.3%) Shares 41,390 (+1.3%) Est. Cost $208.96 Unrealized —

PG PROCTER & GAMBLE CO 1.1%

Value $15.26M (+4.3%) Shares 104,075 (+2.7%) Est. Cost $141.50 Unrealized —

SYK STRYKER CORPORATION 1.3%

Value $18.24M (-3.1%) Shares 57,946 (+1.2%) Est. Cost $270.20 Unrealized —

WFC WELLS FARGO & CO 0.8%

Value $10.28M (+5.5%) Shares 124,397 (+1.7%) Est. Cost $80.87 Unrealized —

BLK BLACKROCK INC 1.1%

Value $14.99M (+1.6%) Shares 15,585 (+1.6%) Est. Cost $944.85 Unrealized —

UBER UBER TECHNOLOGIES INC 0.7%

Value $9.556M (+1.8%) Shares 132,434 (+1.5%) Est. Cost $73.92 Unrealized —

NOW SERVICENOW INC 0.8%

Value $11.45M (-1.4%) Shares 115,337 (+3.8%) Est. Cost $154.84 Unrealized —

SCHW SCHWAB CHARLES CORP 1.7%

Value $22.84M (+0.4%) Shares 247,559 (+2.2%) Est. Cost $74.10 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value $701K (+12.4%) Shares 1,401 (+7.7%) Est. Cost $359.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	430,921 (+1.1%)	$125M (+15.3%)	9.2%	$153.90	—	COM	037833100
GOOG	ALPHABET INC	215,738 (+1.4%)	$76.23M (+24.9%)	5.6%	$211.88	—	CAP STK CL C	02079K107
LLY	ELI LILLY & CO	37,106 (+3.0%)	$44.51M (+34.4%)	3.3%	$607.47	—	COM	532457108
AVGO	BROADCOM INC	83,128 (+23.5%)	$31.4M (+50.7%)	2.3%	$212.18	—	COM	11135F101
NVDA	NVIDIA CORPORATION	347,454 (+1.4%)	$69.52M (+16.4%)	5.1%	$118.15	—	COM	67066G104
AMZN	AMAZON COM INC	290,773 (+1.2%)	$69.3M (+15.8%)	5.1%	$122.60	—	COM	023135106
GEV	GE VERNOVA INC	27,034 (+1.6%)	$31.76M (+36.8%)	2.3%	$395.61	—	COM	36828A101
CVX	CHEVRON CORPORATION	162,376 (+2.8%)	$26.92M (-17.6%)	2.0%	$148.38	—	COM	166764100
ABBV	ABBVIE INC	131,696 (+3.6%)	$33.14M (+19.9%)	2.4%	$156.66	—	COM	00287Y109
NOC	NORTHROP GRUMMAN CORP	32,230 (+2.7%)	$16.42M (-23.3%)	1.2%	$489.56	—	COM	666807102
META	META PLATFORMS INC	26,828 (+44.8%)	$15.11M (+42.6%)	1.1%	$634.34	—	CL A	30303M102
JPM	JPMORGAN CHASE & CO	112,910 (+1.5%)	$36.96M (+12.9%)	2.7%	$147.07	—	COM	46625H100
NFLX	NETFLIX INC.	190,533 (+2.8%)	$13.6M (-23.7%)	1.0%	$99.50	—	COM	64110L106
T	AT&T INC	466,274 (+4.4%)	$9.652M (-25.5%)	0.7%	$20.79	—	COM	00206R102
V	VISA INC	69,147 (+1.6%)	$23.72M (+15.3%)	1.7%	$233.02	—	COM CL A	92826C839
CRM	SALESFORCE INC	98,543 (+1.1%)	$15.44M (-15.1%)	1.1%	$192.34	—	COM	79466L302
MSFT	MICROSOFT CORP	271,136 (+2.0%)	$101M (+2.8%)	7.4%	$287.18	—	COM	594918104
SNPS	SYNOPSYS INC	38,499 (+3.4%)	$17.17M (+16.3%)	1.3%	$412.06	—	COM	871607107
TRV	TRAVELERS COMPANIES INC	47,821 (+1.1%)	$15.79M (+14.5%)	1.2%	$227.23	—	COM	89417E109
JNJ	JOHNSON & JOHNSON	141,937 (+1.5%)	$36.05M (+5.5%)	2.7%	$156.25	—	COM	478160104
MRK	MERCK & CO INC	160,158 (+1.9%)	$20.58M (+8.9%)	1.5%	$89.98	—	COM	58933Y105
EMR	EMERSON ELEC CO	108,301 (+1.8%)	$15.5M (+11.3%)	1.1%	$95.49	—	COM	291011104
PM	PHILIP MORRIS INTL INC	71,044 (+1.6%)	$12.85M (+11.2%)	0.9%	$154.72	—	COM	718172109
CB	CHUBB LIMITED	70,435 (+1.1%)	$24M (+5.7%)	1.8%	$253.54	—	COM	H1467J104
MCD	MCDONALDS CORP	36,694 (+2.5%)	$9.919M (-10.9%)	0.7%	$263.71	—	COM	580135101
GOOGL	ALPHABET INC	14,443 (+4.0%)	$5.161M (+29.2%)	0.4%	$179.53	—	CAP STK CL A	02079K305
MDT	MEDTRONIC PLC	200,207 (+3.8%)	$15.66M (-6.3%)	1.2%	$81.30	—	SHS	G5960L103
AMGN	AMGEN INC	60,423 (+2.1%)	$21.88M (+5.1%)	1.6%	$259.41	—	COM	031162100
COST	COSTCO WHOLESALE CORPORATION	21,450 (+1.9%)	$20.07M (-4.4%)	1.5%	$598.91	—	COM	22160K105
TMO	THERMO FISHER SCIENTIFIC INC	28,086 (+3.2%)	$14.08M (+5.3%)	1.0%	$495.17	—	COM	883556102
AJG	GALLAGHER ARTHUR J & CO	41,390 (+1.3%)	$9.502M (+7.3%)	0.7%	$208.96	—	COM	363576109
PG	PROCTER & GAMBLE CO	104,075 (+2.7%)	$15.26M (+4.3%)	1.1%	$141.50	—	COM	742718109
SYK	STRYKER CORPORATION	57,946 (+1.2%)	$18.24M (-3.1%)	1.3%	$270.20	—	COM	863667101
WFC	WELLS FARGO & CO	124,397 (+1.7%)	$10.28M (+5.5%)	0.8%	$80.87	—	COM	949746101
BLK	BLACKROCK INC	15,585 (+1.6%)	$14.99M (+1.6%)	1.1%	$944.85	—	COM	09290D101
UBER	UBER TECHNOLOGIES INC	132,434 (+1.5%)	$9.556M (+1.8%)	0.7%	$73.92	—	COM	90353T100
NOW	SERVICENOW INC	115,337 (+3.8%)	$11.45M (-1.4%)	0.8%	$154.84	—	COM	81762P102
SCHW	SCHWAB CHARLES CORP	247,559 (+2.2%)	$22.84M (+0.4%)	1.7%	$74.10	—	COM	808513105
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,401 (+7.7%)	$701K (+12.4%)	0.1%	$359.50	—	CL B NEW	084670702

Exited Positions (1)

LMT LOCKHEED MARTIN CORP 0.0%

Value $241K Shares 398 Est. Cost $448.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LMT	LOCKHEED MARTIN CORP	398	$241K	0.0%	$448.15	—	—	539830109

Decreased Positions (3)

INTU INTUIT 0.1%

Value $1.197M (-93.6%) Shares 4,586 (-89.5%) Est. Cost $456.84 Unrealized —

HON HONEYWELL INTL INC 0.8%

Value $10.9M (-48.8%) Shares 48,691 (-48.4%) Est. Cost $185.84 Unrealized —

FFIV F5 INC 0.3%

Value $3.865M (-4.0%) Shares 9,292 (-33.2%) Est. Cost $279.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	4,586 (-89.5%)	$1.197M (-93.6%)	0.1%	$456.84	—	COM	461202103
HON	HONEYWELL INTL INC	48,691 (-48.4%)	$10.9M (-48.8%)	0.8%	$185.84	—	COM	438516106
FFIV	F5 INC	9,292 (-33.2%)	$3.865M (-4.0%)	0.3%	$279.63	—	COM	315616102

Unchanged Positions (23)

AMAT APPLIED MATLS INC 7.5%

Value $102M Shares 140,818 Est. Cost $115.96 Unrealized —

PANW PALO ALTO NETWORKS INC 1.9%

Value $25.17M Shares 73,812 Est. Cost $172.15 Unrealized —

CSCO CISCO SYS INC 2.1%

Value $28.12M Shares 239,361 Est. Cost $46.69 Unrealized —

GS GOLDMAN SACHS GROUP INC 3.6%

Value $48.38M Shares 47,837 Est. Cost $372.85 Unrealized —

ROK ROCKWELL AUTOMATION INC 1.2%

Value $16.54M Shares 33,401 Est. Cost $271.88 Unrealized —

HD HOME DEPOT INC 1.4%

Value $18.41M Shares 52,198 Est. Cost $305.09 Unrealized —

WAFD WAFD INC 0.2%

Value $3.104M Shares 80,896 Est. Cost $30.45 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $1.777M Shares 13,000 Est. Cost $102.39 Unrealized —

WK WORKIVA INC 0.0%

Value $509K Shares 10,500 Est. Cost $77.50 Unrealized —

DY DYCOM INDS INC 0.0%

Value $329K Shares 650 Est. Cost $315.29 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value $375K Shares 1,000 Est. Cost $290.70 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value $647K Shares 2,300 Est. Cost $172.56 Unrealized —

SHW SHERWIN WILLIAMS CO 0.1%

Value $1.094M Shares 3,176 Est. Cost $344.92 Unrealized —

ADBE ADOBE INC 0.0%

Value $322K Shares 1,572 Est. Cost $344.75 Unrealized —

MCK MCKESSON CORP 0.0%

Value $265K Shares 351 Est. Cost $557.26 Unrealized —

UNP UNION PAC CORP 0.0%

Value $354K Shares 1,300 Est. Cost $190.19 Unrealized —

EXPD EXPEDITORS INTL WASH INC 0.0%

Value $285K Shares 1,750 Est. Cost $118.30 Unrealized —

FCFS FIRSTCASH HOLDINGS INC 0.0%

Value $255K Shares 1,179 Est. Cost $173.44 Unrealized —

ABT ABBOTT LABORATORIES 0.0%

Value $254K Shares 2,804 Est. Cost $130.61 Unrealized —

PEP PEPSICO INC 0.0%

Value $221K Shares 1,630 Est. Cost $152.06 Unrealized —

AXP AMERICAN EXPRESS CO 0.0%

Value $304K Shares 900 Est. Cost $202.90 Unrealized —

WMT WALMART INC 0.0%

Value $311K Shares 2,745 Est. Cost $85.08 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value $717K Shares 1,396 Est. Cost $380.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	140,818	$102M	7.5%	$115.96	—	COM	038222105
PANW	PALO ALTO NETWORKS INC	73,812	$25.17M	1.9%	$172.15	—	COM	697435105
CSCO	CISCO SYS INC	239,361	$28.12M	2.1%	$46.69	—	COM	17275R102
GS	GOLDMAN SACHS GROUP INC	47,837	$48.38M	3.6%	$372.85	—	COM	38141G104
ROK	ROCKWELL AUTOMATION INC	33,401	$16.54M	1.2%	$271.88	—	COM	773903109
HD	HOME DEPOT INC	52,198	$18.41M	1.4%	$305.09	—	COM	437076102
WAFD	WAFD INC	80,896	$3.104M	0.2%	$30.45	—	COM	938824109
XOM	EXXON MOBIL CORP	13,000	$1.777M	0.1%	$102.39	—	COM	30231G102
WK	WORKIVA INC	10,500	$509K	0.0%	$77.50	—	COM CL A	98139A105
DY	DYCOM INDS INC	650	$329K	0.0%	$315.29	—	COM	267475101
CDNS	CADENCE DESIGN SYSTEM INC	1,000	$375K	0.0%	$290.70	—	COM	127387108
IBM	INTERNATIONAL BUSINESS MACHS	2,300	$647K	0.0%	$172.56	—	COM	459200101
SHW	SHERWIN WILLIAMS CO	3,176	$1.094M	0.1%	$344.92	—	COM	824348106
ADBE	ADOBE INC	1,572	$322K	0.0%	$344.75	—	COM	00724F101
MCK	MCKESSON CORP	351	$265K	0.0%	$557.26	—	COM	58155Q103
UNP	UNION PAC CORP	1,300	$354K	0.0%	$190.19	—	COM	907818108
EXPD	EXPEDITORS INTL WASH INC	1,750	$285K	0.0%	$118.30	—	COM	302130109
FCFS	FIRSTCASH HOLDINGS INC	1,179	$255K	0.0%	$173.44	—	COM	33768G107
ABT	ABBOTT LABORATORIES	2,804	$254K	0.0%	$130.61	—	COM	002824100
PEP	PEPSICO INC	1,630	$221K	0.0%	$152.06	—	COM	713448108
AXP	AMERICAN EXPRESS CO	900	$304K	0.0%	$202.90	—	COM	025816109
WMT	WALMART INC	2,745	$311K	0.0%	$85.08	—	COM	931142103
MA	MASTERCARD INCORPORATED	1,396	$717K	0.1%	$380.58	—	CL A	57636Q104