Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JPST	J P MORGAN EXCHANGE TRADED F	571,842 (+43.5%)	$28.92M (+43.4%)	9.2%	$50.46	—	ULTRA SHRT ETF	46641Q837
XLV	SELECT SECTOR SPDR TR	152,784 (+7.6%)	$24.24M (+16.5%)	7.7%	$146.16	—	ST STR CARE ETF	81369Y209
XLI	SELECT SECTOR SPDR TR	110,817 (+2.7%)	$20.53M (+17.6%)	6.5%	$123.66	—	ST STR INDL ETF	81369Y704
XLY	SELECT SECTOR SPDR TR	213,105 (+4.9%)	$24.99M (+12.9%)	7.9%	$147.42	—	ST STR DISCR ETF	81369Y407
XLF	SELECT SECTOR SPDR TR	551,026 (+1.5%)	$29.54M (+10.2%)	9.4%	$41.25	—	ST STR FINL ETF	81369Y605
XLP	SELECT SECTOR SPDR TR	139,248 (+14.5%)	$11.57M (+16.1%)	3.7%	$76.28	—	ST STR STAPL ETF	81369Y308
XLC	SELECT SECTOR SPDR TR	232,536 (+10.3%)	$24.91M (+6.6%)	7.9%	$84.31	—	ST STR SVC ETF	81369Y852
MAGS	LISTED FDS TR	154,990 (+5.6%)	$9.966M (+17.2%)	3.2%	$48.80	—	ROUN MA SEVE ETF	53656G498
VCSH	VANGUARD SCOTTSDALE FDS	127,426 (+6.6%)	$10.07M (+6.3%)	3.2%	$77.71	—	SHRT TRM CORP BD	92206C409
XLE	SELECT SECTOR SPDR TR	134,485 (+21.3%)	$7.143M (+5.2%)	2.3%	$61.80	—	ST STR ENERG ETF	81369Y506
XLU	SELECT SECTOR SPDR TR	160,802 (+5.2%)	$7.291M (+3.9%)	2.3%	$56.74	—	ST STR UTIL ETF	81369Y886
AMZN	AMAZON COM INC	6,897 (+1.3%)	$1.644M (+15.9%)	0.5%	$143.29	—	COM	023135106
VGT	VANGUARD WORLD FD	2,537 (+700.3%)	$303K (+37.2%)	0.1%	$176.56	—	INF TECH ETF	92204A702

Exited Positions (2)

IYW ISHARES TR 0.1%

Value $246K Shares 1,355 Est. Cost $132.36 Unrealized —

T AT&T INC 0.1%

Value $201K Shares 6,950 Est. Cost $25.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IYW	ISHARES TR	1,355	$246K	0.1%	$132.36	—	—	464287721
T	AT&T INC	6,950	$201K	0.1%	$25.75	—	—	00206R102

Decreased Positions (11)

XLK SELECT SECTOR SPDR TR 29.6%

Value $93.63M (+38.2%) Shares 491,428 (-3.6%) Est. Cost $175.73 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.2%

Value $547K (-86.3%) Shares 10,731 (-86.3%) Est. Cost $50.75 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.3%

Value $900K (+161.9%) Shares 1,549 (-8.3%) Est. Cost $118.21 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.2%

Value $495K (+45.9%) Shares 1,191 (-5.0%) Est. Cost $428.65 Unrealized —

IVV ISHARES TR 0.1%

Value $342K (-30.0%) Shares 457 (-38.9%) Est. Cost $550.49 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value $408K (+24.4%) Shares 554 (-2.5%) Est. Cost $573.43 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $249K (-22.0%) Shares 266 (-16.9%) Est. Cost $967.45 Unrealized —

XLB SELECT SECTOR SPDR TR 0.1%

Value $228K (-19.2%) Shares 4,492 (-20.6%) Est. Cost $65.89 Unrealized —

JPM JPMORGAN CHASE & CO 0.2%

Value $722K (+5.1%) Shares 2,205 (-5.6%) Est. Cost $190.53 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value $996K (+2.4%) Shares 1,990 (-2.0%) Est. Cost $361.99 Unrealized —

XLRE SELECT SECTOR SPDR TR 0.1%

Value $359K (-2.7%) Shares 8,152 (-9.8%) Est. Cost $39.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLK	SELECT SECTOR SPDR TR	491,428 (-3.6%)	$93.63M (+38.2%)	29.6%	$175.73	—	ST STR TECHN ETF	81369Y803
JMST	J P MORGAN EXCHANGE TRADED F	10,731 (-86.3%)	$547K (-86.3%)	0.2%	$50.75	—	ULTRA SHT MUNCPL	46641Q654
AMD	ADVANCED MICRO DEVICES INC	1,549 (-8.3%)	$900K (+161.9%)	0.3%	$118.21	—	COM	007903107
UNH	UNITEDHEALTH GROUP INC	1,191 (-5.0%)	$495K (+45.9%)	0.2%	$428.65	—	COM	91324P102
IVV	ISHARES TR	457 (-38.9%)	$342K (-30.0%)	0.1%	$550.49	—	CORE S&P500 ETF	464287200
QQQ	INVESCO QQQ TR	554 (-2.5%)	$408K (+24.4%)	0.1%	$573.43	—	UNIT SER 1	46090E103
COST	COSTCO WHOLESALE CORPORATION	266 (-16.9%)	$249K (-22.0%)	0.1%	$967.45	—	COM	22160K105
XLB	SELECT SECTOR SPDR TR	4,492 (-20.6%)	$228K (-19.2%)	0.1%	$65.89	—	ST STR MATER ETF	81369Y100
JPM	JPMORGAN CHASE & CO	2,205 (-5.6%)	$722K (+5.1%)	0.2%	$190.53	—	COM	46625H100
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,990 (-2.0%)	$996K (+2.4%)	0.3%	$361.99	—	CL B NEW	084670702
XLRE	SELECT SECTOR SPDR TR	8,152 (-9.8%)	$359K (-2.7%)	0.1%	$39.18	—	ST STR REAL ETF	81369Y860

Unchanged Positions (13)

AAPL APPLE INC 1.5%

Value $4.648M Shares 16,063 Est. Cost $182.83 Unrealized —

NVDA NVIDIA CORPORATION 1.1%

Value $3.615M Shares 18,066 Est. Cost $97.00 Unrealized —

LLY ELI LILLY & CO 0.3%

Value $897K Shares 748 Est. Cost $598.82 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.3%

Value $1.079M Shares 3,837 Est. Cost $142.53 Unrealized —

AVGO BROADCOM INC 0.2%

Value $587K Shares 1,555 Est. Cost $162.09 Unrealized —

GOOG ALPHABET INC 0.2%

Value $543K Shares 1,536 Est. Cost $135.49 Unrealized —

WMT WALMART INC 0.1%

Value $434K Shares 3,829 Est. Cost $57.26 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value $280K Shares 1,249 Est. Cost $222.40 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value $452K Shares 1,782 Est. Cost $153.90 Unrealized —

CB CHUBB LIMITED 0.1%

Value $374K Shares 1,098 Est. Cost $271.41 Unrealized —

META META PLATFORMS INC 0.2%

Value $525K Shares 932 Est. Cost $396.59 Unrealized —

GD GENERAL DYNAMICS CORP 0.1%

Value $282K Shares 795 Est. Cost $286.51 Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $1.904M Shares 5,105 Est. Cost $355.04 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	16,063	$4.648M	1.5%	$182.83	—	COM	037833100
NVDA	NVIDIA CORPORATION	18,066	$3.615M	1.1%	$97.00	—	COM	67066G104
LLY	ELI LILLY & CO	748	$897K	0.3%	$598.82	—	COM	532457108
IBM	INTERNATIONAL BUSINESS MACHS	3,837	$1.079M	0.3%	$142.53	—	COM	459200101
AVGO	BROADCOM INC	1,555	$587K	0.2%	$162.09	—	COM	11135F101
GOOG	ALPHABET INC	1,536	$543K	0.2%	$135.49	—	CAP STK CL C	02079K107
WMT	WALMART INC	3,829	$434K	0.1%	$57.26	—	COM	931142103
ADP	AUTOMATIC DATA PROCESSING IN	1,249	$280K	0.1%	$222.40	—	COM	053015103
JNJ	JOHNSON & JOHNSON	1,782	$452K	0.1%	$153.90	—	COM	478160104
CB	CHUBB LIMITED	1,098	$374K	0.1%	$271.41	—	COM	H1467J104
META	META PLATFORMS INC	932	$525K	0.2%	$396.59	—	CL A	30303M102
GD	GENERAL DYNAMICS CORP	795	$282K	0.1%	$286.51	—	COM	369550108
MSFT	MICROSOFT CORP	5,105	$1.904M	0.6%	$355.04	—	COM	594918104