Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TOST	TOAST INC	10,570	$306K	0.2%	$28.99	$32.20	-10.0%	CL A	888787108
OKE	ONEOK INC NEW	3,334	$284K	0.1%	$85.27	$85.27	—	COM	30609A109
XOM	EXXONMOBIL HOLDINGS CORP	1,672	$272K	0.1%	$162.75	$162.75	—	COM SHS	30233Q108
ET	ENERGY TRANSFER L P	11,268	$223K	0.1%	$19.77	$19.77	—	COM UT LTD PTN	29273V100
CRM	SALESFORCE INC	925	$212K	0.1%	$229.60	$206.28	+11.3%	COM	79466L302
VHT	VANGUARD WORLD FD	665	$210K	0.1%	$316.08	$313.31	+0.9%	HEALTH CAR ETF	92204A504
JEPI	J P MORGAN EXCHANGE TRADED F	3,725	$209K	0.1%	$56.22	$57.05	-1.4%	EQUITY PREMIUM	46641Q332
MDT	MEDTRONIC PLC	2,308	$201K	0.1%	$87.01	$88.13	-2.1%	SHS	G5960L103

Increased Positions (32)

BILS SPDR SERIES TRUST 7.2%

Value $14.7M (+12.1%) Shares 147,971 (+12.1%) Share Price $99.34 Est. Cost/Share $99.30 Unrealized @ Report Date +0.0%

FBTC FIDELITY WISE ORIGIN BITCOIN 1.8%

Value $3.665M (+47.9%) Shares 50,451 (+4.0%) Share Price $72.64 Est. Cost/Share $62.46 Unrealized @ Report Date +16.3%

ICE INTERCONTINENTAL EXCHANGE IN 1.8%

Value $3.564M (+46.2%) Shares 23,441 (+18.4%) Share Price $152.03 Est. Cost/Share $156.09 Unrealized @ Report Date -2.6%

CME CME GROUP INC 2.4%

Value $4.806M (+23.1%) Shares 18,345 (+3.8%) Share Price $261.98 Est. Cost/Share $217.05 Unrealized @ Report Date +20.7%

MSFT MICROSOFT CORP 1.3%

Value $2.679M (+40.3%) Shares 5,223 (+2.1%) Share Price $512.91 Est. Cost/Share $424.39 Unrealized @ Report Date +20.9%

CASY CASEYS GEN STORES INC 1.2%

Value $2.54M (-21.2%) Shares 4,174 (+2.9%) Share Price $608.46 Est. Cost/Share $392.90 Unrealized @ Report Date +54.9%

CBOE CBOE GLOBAL MKTS INC 2.2%

Value $4.395M (+16.9%) Shares 15,965 (+3.0%) Share Price $275.29 Est. Cost/Share $212.93 Unrealized @ Report Date +29.3%

NDAQ NASDAQ INC 1.7%

Value $3.492M (+21.7%) Shares 37,947 (+4.3%) Share Price $92.01 Est. Cost/Share $74.41 Unrealized @ Report Date +23.6%

WBI WATERBRIDGE INFRASTRUCTURE L 1.1%

Value $2.137M (-16.7%) Shares 75,984 (+1.5%) Share Price $28.12 Est. Cost/Share $23.79 Unrealized @ Report Date +18.2%

HE HAWAIIAN ELEC INDS INC MTN B 0.6%

Value $1.27M (-25.2%) Shares 142,077 (+13.3%) Share Price $8.94 Est. Cost/Share $11.63 Unrealized @ Report Date -23.1%

TJX TJX COS INC NEW 1.1%

Value $2.332M (-11.1%) Shares 17,622 (+1.8%) Share Price $132.31 Est. Cost/Share $121.36 Unrealized @ Report Date +9.0%

JPST J P MORGAN EXCHANGE TRADED F 2.4%

Value $4.949M (+5.9%) Shares 98,249 (+6.3%) Share Price $50.37 Est. Cost/Share $50.55 Unrealized @ Report Date -0.4%

MO ALTRIA GROUP INC 2.8%

Value $5.671M (-4.0%) Shares 82,848 (+2.3%) Share Price $68.46 Est. Cost/Share $50.85 Unrealized @ Report Date +32.4%

HSY HERSHEY CO 1.3%

Value $2.618M (-8.3%) Shares 16,610 (+2.1%) Share Price $157.61 Est. Cost/Share $173.34 Unrealized @ Report Date -9.1%

UPS UNITED PARCEL SVCS INC 1.0%

Value $2.052M (-9.3%) Shares 21,965 (+4.3%) Share Price $93.44 Est. Cost/Share $103.92 Unrealized @ Report Date -10.1%

FLG FLAGSTAR BANK NATIONAL ASSOC 0.4%

Value $815K (-19.4%) Shares 69,800 (+3.1%) Share Price $11.67 Est. Cost/Share $12.21 Unrealized @ Report Date -4.4%

JSCP J P MORGAN EXCHANGE TRADED F 1.4%

Value $2.875M (+6.5%) Shares 62,530 (+9.2%) Share Price $45.98 Est. Cost/Share $47.04 Unrealized @ Report Date -2.2%

WINA WINMARK CORP 0.2%

Value $457K (-27.2%) Shares 1,523 (+2.6%) Share Price $300.19 Est. Cost/Share $385.98 Unrealized @ Report Date -22.2%

MIAX MIAMI INTL HLDGS INC 0.3%

Value $605K (+36.7%) Shares 18,048 (+51.7%) Share Price $33.50 Est. Cost/Share $41.96 Unrealized @ Report Date -20.2%

CRWD CROWDSTRIKE HLDGS INC 0.3%

Value $639K (+31.7%) Shares 2,414 (+279.6%) Share Price $264.75 Est. Cost/Share $231.19 Unrealized @ Report Date +14.5%

AMZN AMAZON COM INC 1.3%

Value $2.595M (+5.9%) Shares 10,416 (+1.3%) Share Price $249.15 Est. Cost/Share $187.05 Unrealized @ Report Date +33.2%

AXP AMERICAN EXPRESS CO 0.6%

Value $1.224M (-8.9%) Shares 4,026 (+1.3%) Share Price $304.10 Est. Cost/Share $246.30 Unrealized @ Report Date +23.5%

GOOGL ALPHABET INC 4.0%

Value $8.143M (-1.4%) Shares 23,665 (+2.5%) Share Price $344.08 Est. Cost/Share $174.22 Unrealized @ Report Date +97.5%

MCD MCDONALDS CORP 1.1%

Value $2.232M (+3.9%) Shares 9,663 (+21.6%) Share Price $230.94 Est. Cost/Share $273.67 Unrealized @ Report Date -15.6%

NVO NOVO-NORDISK A S 0.6%

Value $1.207M (-5.6%) Shares 31,830 (+19.4%) Share Price $37.91 Est. Cost/Share $44.30 Unrealized @ Report Date -14.4%

STWD STARWOOD PPTY TR INC 0.2%

Value $431K (-11.1%) Shares 30,846 (+7.2%) Share Price $13.98 Est. Cost/Share $20.21 Unrealized @ Report Date —

EPD ENTERPRISE PRODS PARTNERS L 1.0%

Value $2.134M (-2.1%) Shares 59,939 (+1.0%) Share Price $35.61 Est. Cost/Share $29.46 Unrealized @ Report Date —

— KAYNE ANDERSON ENERGY INFRST 0.9%

Value $1.79M (+0.9%) Shares 131,585 (+2.7%) Share Price $13.60 Est. Cost/Share $12.75 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value $1.125M (+1.3%) Shares 2,260 (+1.8%) Share Price $497.95 Est. Cost/Share $476.59 Unrealized @ Report Date +4.5%

BX BLACKSTONE INC 0.1%

Value $280K (+2.6%) Shares 2,500 (+7.8%) Share Price $112.09 Est. Cost/Share $134.32 Unrealized @ Report Date -16.5%

LLY ELI LILLY & CO 0.6%

Value $1.206M (+0.5%) Shares 1,042 (+4.2%) Share Price $1157.08 Est. Cost/Share $901.99 Unrealized @ Report Date +28.3%

UNH UNITEDHEALTH GROUP INC 0.7%

Value $1.505M (+0.1%) Shares 4,099 (+13.4%) Share Price $367.08 Est. Cost/Share $336.73 Unrealized @ Report Date +9.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BILS	SPDR SERIES TRUST	147,971 (+12.1%)	$14.7M (+12.1%)	7.2%	$99.34	$99.30	+0.0%	ST STR BL 12 ETF	78468R523
FBTC	FIDELITY WISE ORIGIN BITCOIN	50,451 (+4.0%)	$3.665M (+47.9%)	1.8%	$72.64	$62.46	+16.3%	SHS	315948109
ICE	INTERCONTINENTAL EXCHANGE IN	23,441 (+18.4%)	$3.564M (+46.2%)	1.8%	$152.03	$156.09	-2.6%	COM	45866F104
CME	CME GROUP INC	18,345 (+3.8%)	$4.806M (+23.1%)	2.4%	$261.98	$217.05	+20.7%	COM	12572Q105
MSFT	MICROSOFT CORP	5,223 (+2.1%)	$2.679M (+40.3%)	1.3%	$512.91	$424.39	+20.9%	COM	594918104
CASY	CASEYS GEN STORES INC	4,174 (+2.9%)	$2.54M (-21.2%)	1.2%	$608.46	$392.90	+54.9%	COM	147528103
CBOE	CBOE GLOBAL MKTS INC	15,965 (+3.0%)	$4.395M (+16.9%)	2.2%	$275.29	$212.93	+29.3%	COM	12503M108
NDAQ	NASDAQ INC	37,947 (+4.3%)	$3.492M (+21.7%)	1.7%	$92.01	$74.41	+23.6%	COM	631103108
WBI	WATERBRIDGE INFRASTRUCTURE L	75,984 (+1.5%)	$2.137M (-16.7%)	1.1%	$28.12	$23.79	+18.2%	CL A SHS REPSTG	940923105
HE	HAWAIIAN ELEC INDS INC MTN B	142,077 (+13.3%)	$1.27M (-25.2%)	0.6%	$8.94	$11.63	-23.1%	COM	419870100
TJX	TJX COS INC NEW	17,622 (+1.8%)	$2.332M (-11.1%)	1.1%	$132.31	$121.36	+9.0%	COM	872540109
JPST	J P MORGAN EXCHANGE TRADED F	98,249 (+6.3%)	$4.949M (+5.9%)	2.4%	$50.37	$50.55	-0.4%	ULTRA SHRT ETF	46641Q837
MO	ALTRIA GROUP INC	82,848 (+2.3%)	$5.671M (-4.0%)	2.8%	$68.46	$50.85	+32.4%	COM	02209S103
HSY	HERSHEY CO	16,610 (+2.1%)	$2.618M (-8.3%)	1.3%	$157.61	$173.34	-9.1%	COM	427866108
UPS	UNITED PARCEL SVCS INC	21,965 (+4.3%)	$2.052M (-9.3%)	1.0%	$93.44	$103.92	-10.1%	CL B	911312106
FLG	FLAGSTAR BANK NATIONAL ASSOC	69,800 (+3.1%)	$815K (-19.4%)	0.4%	$11.67	$12.21	-4.4%	COM NEW	649445400
JSCP	J P MORGAN EXCHANGE TRADED F	62,530 (+9.2%)	$2.875M (+6.5%)	1.4%	$45.98	$47.04	-2.2%	SHORT DURA CORE	46641Q274
WINA	WINMARK CORP	1,523 (+2.6%)	$457K (-27.2%)	0.2%	$300.19	$385.98	-22.2%	COM	974250102
MIAX	MIAMI INTL HLDGS INC	18,048 (+51.7%)	$605K (+36.7%)	0.3%	$33.50	$41.96	-20.2%	COM	59356Q108
CRWD	CROWDSTRIKE HLDGS INC	2,414 (+279.6%)	$639K (+31.7%)	0.3%	$264.75	$231.19	+14.5%	CL A	22788C105
AMZN	AMAZON COM INC	10,416 (+1.3%)	$2.595M (+5.9%)	1.3%	$249.15	$187.05	+33.2%	COM	023135106
AXP	AMERICAN EXPRESS CO	4,026 (+1.3%)	$1.224M (-8.9%)	0.6%	$304.10	$246.30	+23.5%	COM	025816109
GOOGL	ALPHABET INC	23,665 (+2.5%)	$8.143M (-1.4%)	4.0%	$344.08	$174.22	+97.5%	CAP STK CL A	02079K305
MCD	MCDONALDS CORP	9,663 (+21.6%)	$2.232M (+3.9%)	1.1%	$230.94	$273.67	-15.6%	COM	580135101
NVO	NOVO-NORDISK A S	31,830 (+19.4%)	$1.207M (-5.6%)	0.6%	$37.91	$44.30	-14.4%	ADR	670100205
STWD	STARWOOD PPTY TR INC	30,846 (+7.2%)	$431K (-11.1%)	0.2%	$13.98	$20.21	—	COM	85571B105
EPD	ENTERPRISE PRODS PARTNERS L	59,939 (+1.0%)	$2.134M (-2.1%)	1.0%	$35.61	$29.46	—	COM	293792107
—	KAYNE ANDERSON ENERGY INFRST	131,585 (+2.7%)	$1.79M (+0.9%)	0.9%	$13.60	$12.75	—	COM	486606106
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,260 (+1.8%)	$1.125M (+1.3%)	0.6%	$497.95	$476.59	+4.5%	CL B NEW	084670702
BX	BLACKSTONE INC	2,500 (+7.8%)	$280K (+2.6%)	0.1%	$112.09	$134.32	-16.5%	COM	09260D107
LLY	ELI LILLY & CO	1,042 (+4.2%)	$1.206M (+0.5%)	0.6%	$1157.08	$901.99	+28.3%	COM	532457108
UNH	UNITEDHEALTH GROUP INC	4,099 (+13.4%)	$1.505M (+0.1%)	0.7%	$367.08	$336.73	+9.0%	COM	91324P102

Exited Positions (12)

CAG CONAGRA BRANDS INC 0.3%

Value $668K Shares 49,650 Share Price $13.46 Est. Cost/Share $17.32 Unrealized @ Report Date -22.4%

MS MORGAN STANLEY 0.2%

Value $359K Shares 1,716 Share Price $209.04 * Est. Cost/Share $198.03 Unrealized @ Report Date -5.0%

WMT WALMART INC 0.2%

Value $327K Shares 2,886 Share Price $113.26 * Est. Cost/Share $124.14 Unrealized @ Report Date -16.3%

NSC NORFOLK SOUTHN CORP 0.2%

Value $315K Shares 1,000 Share Price $314.59 Est. Cost/Share $308.32 Unrealized @ Report Date +0.2%

OKE ONEOK INC NEW 0.1%

Value $290K Shares 3,334 Share Price $86.94 Est. Cost/Share $81.49 Unrealized @ Report Date +4.6%

INTC INTEL CORP 0.1%

Value $282K Shares 2,017 Share Price $139.63 * Est. Cost/Share $101.12 Unrealized @ Report Date +18.9%

XOM EXXON MOBIL CORP 0.1%

Value $229K Shares 1,672 Share Price $136.72 * Est. Cost/Share $145.92 Unrealized @ Report Date +11.5%

CARR CARRIER GLOBAL CORPORATION 0.1%

Value $220K Shares 3,000 Share Price $73.35 * Est. Cost/Share $65.36 Unrealized @ Report Date -16.1%

IGIB ISHARES TR 0.1%

Value $220K Shares 4,131 Share Price $53.17 * Est. Cost/Share $52.73 Unrealized @ Report Date -4.5%

AMSC AMERICAN SUPERCONDUCTOR CORP 0.1%

Value $208K Shares 5,000 Share Price $41.51 * Est. Cost/Share $45.21 Unrealized @ Report Date -35.6%

IYG ISHARES TR 0.1%

Value $203K Shares 2,240 Share Price $90.47 Est. Cost/Share $87.72 Unrealized @ Report Date +2.5%

OPTT OCEAN PWR TECHNOLOGIES INC 0.0%

Value $2,620 Shares 10,000 Share Price $0.26 * Est. Cost/Share $0.25 Unrealized @ Report Date +442.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CAG	CONAGRA BRANDS INC	49,650	$668K	0.3%	$13.46	$17.32	-22.4%	—	205887102
MS	MORGAN STANLEY	1,716	$359K	0.2%	$209.04 *	$198.03	-5.0%	—	617446448
WMT	WALMART INC	2,886	$327K	0.2%	$113.26 *	$124.14	-16.3%	—	931142103
NSC	NORFOLK SOUTHN CORP	1,000	$315K	0.2%	$314.59	$308.32	+0.2%	—	655844108
OKE	ONEOK INC NEW	3,334	$290K	0.1%	$86.94	$81.49	+4.6%	—	682680103
INTC	INTEL CORP	2,017	$282K	0.1%	$139.63 *	$101.12	+18.9%	—	458140100
XOM	EXXON MOBIL CORP	1,672	$229K	0.1%	$136.72 *	$145.92	+11.5%	—	30231G102
CARR	CARRIER GLOBAL CORPORATION	3,000	$220K	0.1%	$73.35 *	$65.36	-16.1%	—	14448C104
IGIB	ISHARES TR	4,131	$220K	0.1%	$53.17 *	$52.73	-4.5%	—	464288638
AMSC	AMERICAN SUPERCONDUCTOR CORP	5,000	$208K	0.1%	$41.51 *	$45.21	-35.6%	—	030111207
IYG	ISHARES TR	2,240	$203K	0.1%	$90.47	$87.72	+2.5%	—	464287770
OPTT	OCEAN PWR TECHNOLOGIES INC	10,000	$2,620	0.0%	$0.26 *	$0.25	+442.4%	—	674870506

Decreased Positions (23)

IEF ISHARES TR 0.3%

Value $591K (-87.3%) Shares 6,615 (-86.5%) Share Price $89.31 Est. Cost/Share $95.04 Unrealized @ Report Date -6.0%

MAR MARRIOTT INTL INC NEW 0.7%

Value $1.524M (-46.1%) Shares 4,284 (-43.8%) Share Price $355.67 Est. Cost/Share $368.78 Unrealized @ Report Date -3.6%

BA BOEING CO 0.2%

Value $392K (-74.5%) Shares 2,105 (-70.4%) Share Price $186.05 Est. Cost/Share $190.42 Unrealized @ Report Date -2.3%

CAT CATERPILLAR INC 1.6%

Value $3.191M (-24.8%) Shares 3,936 (-1.3%) Share Price $810.79 Est. Cost/Share $353.39 Unrealized @ Report Date +129.4%

PBT PERMIAN BASIN RTY TR 1.0%

Value $2.094M (+22.3%) Shares 66,479 (-2.7%) Share Price $31.50 Est. Cost/Share $10.71 Unrealized @ Report Date —

AMD ADVANCED MICRO DEVICES INC 0.2%

Value $351K (-39.7%) Shares 573 (-42.7%) Share Price $611.76 Est. Cost/Share $409.99 Unrealized @ Report Date +49.2%

ALL ALLSTATE CORP 0.1%

Value $263K (-46.6%) Shares 1,178 (-42.8%) Share Price $222.94 Est. Cost/Share $217.34 Unrealized @ Report Date +2.1%

CSCO CISCO SYS INC 0.7%

Value $1.521M (-10.4%) Shares 14,134 (-2.2%) Share Price $107.63 Est. Cost/Share $48.20 Unrealized @ Report Date +123.3%

COF CAPITAL ONE FINL CORP 0.3%

Value $547K (-21.7%) Shares 2,831 (-18.6%) Share Price $193.08 Est. Cost/Share $152.78 Unrealized @ Report Date +26.4%

IYW ISHARES TR 1.9%

Value $3.93M (+3.5%) Shares 14,835 (-1.5%) Share Price $264.90 Est. Cost/Share $147.06 Unrealized @ Report Date +80.1%

DHR DANAHER CORP DEL 0.7%

Value $1.428M (+9.6%) Shares 6,435 (-5.7%) Share Price $221.96 Est. Cost/Share $252.41 Unrealized @ Report Date -12.2%

PEP PEPSICO INC 0.3%

Value $697K (-13.5%) Shares 5,500 (-7.6%) Share Price $126.72 Est. Cost/Share $158.88 Unrealized @ Report Date -20.2%

BAC BANK OF AMER CORP 0.3%

Value $536K (-10.4%) Shares 9,845 (-6.2%) Share Price $54.43 Est. Cost/Share $41.29 Unrealized @ Report Date +31.8%

NOBL PROSHARES TR 0.1%

Value $245K (-20.2%) Shares 4,524 (-17.2%) Share Price $54.10 Est. Cost/Share $95.87 Unrealized @ Report Date -43.6%

ORCL ORACLE CORP 0.2%

Value $355K (-13.8%) Shares 2,585 (-8.0%) Share Price $137.30 Est. Cost/Share $143.05 Unrealized @ Report Date -4.0%

MPC MARATHON PETE CORP 0.1%

Value $266K (-13.4%) Shares 672 (-44.0%) Share Price $395.42 Est. Cost/Share $245.50 Unrealized @ Report Date +61.1%

FTNT FORTINET INC 0.1%

Value $277K (-12.0%) Shares 1,550 (-24.4%) Share Price $178.76 Est. Cost/Share $115.56 Unrealized @ Report Date +54.7%

SPG SIMON PPTY GROUP INC NEW 0.1%

Value $288K (-11.2%) Shares 1,434 (-1.0%) Share Price $200.76 Est. Cost/Share $147.87 Unrealized @ Report Date —

CG CARLYLE GROUP INC 0.1%

Value $255K (-10.3%) Shares 6,375 (-5.6%) Share Price $40.01 Est. Cost/Share $40.14 Unrealized @ Report Date -1.2%

AGG ISHARES TR 0.2%

Value $456K (-5.9%) Shares 4,820 (-1.5%) Share Price $94.54 Est. Cost/Share $98.94 Unrealized @ Report Date -4.5%

QCOM QUALCOMM INC 0.6%

Value $1.152M (-1.9%) Shares 6,257 (-1.5%) Share Price $184.04 Est. Cost/Share $162.10 Unrealized @ Report Date +13.5%

MDLZ MONDELEZ INTL INC 0.2%

Value $366K (-5.4%) Shares 6,275 (-5.4%) Share Price $58.34 Est. Cost/Share $65.00 Unrealized @ Report Date -11.0%

LMT LOCKHEED MARTIN CORP 0.2%

Value $433K (-2.9%) Shares 850 (-2.9%) Share Price $509.25 Est. Cost/Share $500.10 Unrealized @ Report Date +1.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IEF	ISHARES TR	6,615 (-86.5%)	$591K (-87.3%)	0.3%	$89.31	$95.04	-6.0%	7-10 YR TRSY BD	464287440
MAR	MARRIOTT INTL INC NEW	4,284 (-43.8%)	$1.524M (-46.1%)	0.7%	$355.67	$368.78	-3.6%	CL A	571903202
BA	BOEING CO	2,105 (-70.4%)	$392K (-74.5%)	0.2%	$186.05	$190.42	-2.3%	COM	097023105
CAT	CATERPILLAR INC	3,936 (-1.3%)	$3.191M (-24.8%)	1.6%	$810.79	$353.39	+129.4%	COM	149123101
PBT	PERMIAN BASIN RTY TR	66,479 (-2.7%)	$2.094M (+22.3%)	1.0%	$31.50	$10.71	—	UNIT BEN INT	714236106
AMD	ADVANCED MICRO DEVICES INC	573 (-42.7%)	$351K (-39.7%)	0.2%	$611.76	$409.99	+49.2%	COM	007903107
ALL	ALLSTATE CORP	1,178 (-42.8%)	$263K (-46.6%)	0.1%	$222.94	$217.34	+2.1%	COM	020002101
CSCO	CISCO SYS INC	14,134 (-2.2%)	$1.521M (-10.4%)	0.7%	$107.63	$48.20	+123.3%	COM	17275R102
COF	CAPITAL ONE FINL CORP	2,831 (-18.6%)	$547K (-21.7%)	0.3%	$193.08	$152.78	+26.4%	COM	14040H105
IYW	ISHARES TR	14,835 (-1.5%)	$3.93M (+3.5%)	1.9%	$264.90	$147.06	+80.1%	U.S. TECH ETF	464287721
DHR	DANAHER CORP DEL	6,435 (-5.7%)	$1.428M (+9.6%)	0.7%	$221.96	$252.41	-12.2%	COM	235851102
PEP	PEPSICO INC	5,500 (-7.6%)	$697K (-13.5%)	0.3%	$126.72	$158.88	-20.2%	COM	713448108
BAC	BANK OF AMER CORP	9,845 (-6.2%)	$536K (-10.4%)	0.3%	$54.43	$41.29	+31.8%	COM	060505104
NOBL	PROSHARES TR	4,524 (-17.2%)	$245K (-20.2%)	0.1%	$54.10	$95.87	-43.6%	S&P 500 DV ARIST	74348A467
ORCL	ORACLE CORP	2,585 (-8.0%)	$355K (-13.8%)	0.2%	$137.30	$143.05	-4.0%	COM	68389X105
MPC	MARATHON PETE CORP	672 (-44.0%)	$266K (-13.4%)	0.1%	$395.42	$245.50	+61.1%	COM	56585A102
FTNT	FORTINET INC	1,550 (-24.4%)	$277K (-12.0%)	0.1%	$178.76	$115.56	+54.7%	COM	34959E109
SPG	SIMON PPTY GROUP INC NEW	1,434 (-1.0%)	$288K (-11.2%)	0.1%	$200.76	$147.87	—	COM	828806109
CG	CARLYLE GROUP INC	6,375 (-5.6%)	$255K (-10.3%)	0.1%	$40.01	$40.14	-1.2%	COM	14316J108
AGG	ISHARES TR	4,820 (-1.5%)	$456K (-5.9%)	0.2%	$94.54	$98.94	-4.5%	CORE US AGGBD ET	464287226
QCOM	QUALCOMM INC	6,257 (-1.5%)	$1.152M (-1.9%)	0.6%	$184.04	$162.10	+13.5%	COM	747525103
MDLZ	MONDELEZ INTL INC	6,275 (-5.4%)	$366K (-5.4%)	0.2%	$58.34	$65.00	-11.0%	CL A	609207105
LMT	LOCKHEED MARTIN CORP	850 (-2.9%)	$433K (-2.9%)	0.2%	$509.25	$500.10	+1.8%	COM	539830109

Unchanged Positions (55)

TPL TEXAS PACIFIC LAND CORPORATI 3.7%

Value $7.562M Shares 23,207 Share Price $325.83 Est. Cost/Share $317.98 Unrealized @ Report Date +2.5%

AAPL APPLE INC 8.8%

Value $17.82M Shares 53,495 Share Price $333.02 Est. Cost/Share $222.66 Unrealized @ Report Date +49.6%

PLTR PALANTIR TECHNOLOGIES INC 0.9%

Value $1.87M Shares 9,996 Share Price $187.05 Est. Cost/Share $30.69 Unrealized @ Report Date +509.5%

PFE PFIZER INC 1.1%

Value $2.321M Shares 81,378 Share Price $28.52 Est. Cost/Share $26.68 Unrealized @ Report Date +6.9%

BNL BROADSTONE NET LEASE INC 1.4%

Value $2.923M Shares 155,540 Share Price $18.79 Est. Cost/Share $18.88 Unrealized @ Report Date —

CVX CHEVRON CORPORATION 0.8%

Value $1.581M Shares 7,742 Share Price $204.21 Est. Cost/Share $149.71 Unrealized @ Report Date +36.4%

GOOG ALPHABET INC 3.9%

Value $7.87M Shares 23,097 Share Price $340.74 Est. Cost/Share $174.64 Unrealized @ Report Date +95.1%

IBM INTERNATIONAL BUSINESS MACHS 0.5%

Value $969K Shares 4,405 Share Price $219.93 Est. Cost/Share $201.84 Unrealized @ Report Date +9.0%

JNJ JOHNSON & JOHNSON 3.3%

Value $6.699M Shares 25,303 Share Price $264.74 Est. Cost/Share $154.71 Unrealized @ Report Date +71.1%

PWR QUANTA SVCS INC 0.8%

Value $1.724M Shares 2,683 Share Price $642.51 Est. Cost/Share $289.14 Unrealized @ Report Date +122.2%

GEV GE VERNOVA INC 0.4%

Value $855K Shares 900 Share Price $950.49 Est. Cost/Share $496.90 Unrealized @ Report Date +91.3%

BMY BRISTOL-MYERS SQUIBB CO 1.3%

Value $2.568M Shares 41,150 Share Price $62.40 Est. Cost/Share $43.85 Unrealized @ Report Date +42.3%

GE GE AEROSPACE 0.5%

Value $952K Shares 3,050 Share Price $312.29 Est. Cost/Share $206.32 Unrealized @ Report Date +51.4%

MRK MERCK & CO INC 0.6%

Value $1.276M Shares 8,728 Share Price $146.16 Est. Cost/Share $113.54 Unrealized @ Report Date +28.0%

ABBV ABBVIE INC 2.2%

Value $4.538M Shares 17,349 Share Price $261.60 Est. Cost/Share $179.24 Unrealized @ Report Date +45.9%

XPO XPO INC 0.4%

Value $817K Shares 4,642 Share Price $175.98 Est. Cost/Share $113.12 Unrealized @ Report Date +55.6%

LB LANDBRIDGE COMPANY LLC 2.8%

Value $5.598M Shares 68,965 Share Price $81.17 Est. Cost/Share $55.05 Unrealized @ Report Date +47.5%

TROW PRICE T ROWE GROUP INC 0.6%

Value $1.195M Shares 11,483 Share Price $104.05 Est. Cost/Share $101.88 Unrealized @ Report Date +2.1%

EMR EMERSON ELEC CO 0.8%

Value $1.593M Shares 10,270 Share Price $155.10 Est. Cost/Share $108.76 Unrealized @ Report Date +42.6%

WMB WILLIAMS COS INC 0.5%

Value $1.033M Shares 15,204 Share Price $67.97 Est. Cost/Share $49.27 Unrealized @ Report Date +38.0%

KO COCA COLA CO 0.9%

Value $1.897M Shares 21,902 Share Price $86.61 Est. Cost/Share $66.14 Unrealized @ Report Date +30.2%

KMI KINDER MORGAN INC DEL 0.5%

Value $1.101M Shares 36,530 Share Price $30.15 Est. Cost/Share $19.86 Unrealized @ Report Date +51.8%

PANW PALO ALTO NETWORKS INC 0.2%

Value $417K Shares 1,050 Share Price $397.31 Est. Cost/Share $228.90 Unrealized @ Report Date +73.6%

BLK BLACKROCK INC 0.3%

Value $547K Shares 517 Share Price $1058.29 Est. Cost/Share $991.05 Unrealized @ Report Date +6.8%

IYE ISHARES TR 0.2%

Value $367K Shares 5,670 Share Price $64.80 Est. Cost/Share $47.67 Unrealized @ Report Date +35.9%

URI UNITED RENTALS INC 0.2%

Value $332K Shares 332 Share Price $1000.78 Est. Cost/Share $710.77 Unrealized @ Report Date +40.8%

NVR NVR INC 0.2%

Value $400K Shares 65 Share Price $6154.38 Est. Cost/Share $8729.84 Unrealized @ Report Date -29.5%

WFC WELLS FARGO & CO 0.5%

Value $998K Shares 12,470 Share Price $80.05 Est. Cost/Share $62.13 Unrealized @ Report Date +28.9%

V VISA INC 0.4%

Value $912K Shares 2,538 Share Price $359.26 Est. Cost/Share $276.83 Unrealized @ Report Date +29.8%

GS GOLDMAN SACHS GROUP INC 0.1%

Value $261K Shares 290 Share Price $900.36 Est. Cost/Share $734.84 Unrealized @ Report Date +22.5%

SBUX STARBUCKS CORP 0.2%

Value $359K Shares 3,826 Share Price $93.96 Est. Cost/Share $83.08 Unrealized @ Report Date +13.1%

VZ VERIZON COMMUNICATIONS INC 0.2%

Value $374K Shares 8,150 Share Price $45.87 Est. Cost/Share $39.06 Unrealized @ Report Date +17.4%

MA MASTERCARD INCORPORATED 0.2%

Value $405K Shares 734 Share Price $551.50 Est. Cost/Share $468.50 Unrealized @ Report Date +17.7%

ABT ABBOTT LABORATORIES 0.1%

Value $289K Shares 2,925 Share Price $98.83 Est. Cost/Share $110.57 Unrealized @ Report Date -10.6%

JPM JPMORGAN CHASE & CO 1.2%

Value $2.371M Shares 7,168 Share Price $330.83 Est. Cost/Share $211.83 Unrealized @ Report Date +56.2%

CB CHUBB LIMITED 0.2%

Value $393K Shares 1,203 Share Price $326.27 Est. Cost/Share $270.79 Unrealized @ Report Date +20.1%

CL COLGATE PALMOLIVE CO 0.1%

Value $235K Shares 2,750 Share Price $85.32 Est. Cost/Share $98.92 Unrealized @ Report Date -13.8%

XLY SELECT SECTOR SPDR TR 0.1%

Value $216K Shares 1,980 Share Price $108.84 Est. Cost/Share $104.75 Unrealized @ Report Date +3.9%

RTX RTX CORPORATION 0.3%

Value $687K Shares 3,700 Share Price $185.65 Est. Cost/Share $133.59 Unrealized @ Report Date +39.0%

IYH ISHARES TR 0.1%

Value $215K Shares 3,000 Share Price $71.56 Est. Cost/Share $62.56 Unrealized @ Report Date +14.4%

SPY STATE STR SPDR S&P 500 ETF T 0.3%

Value $552K Shares 722 Share Price $764.52 Est. Cost/Share $725.01 Unrealized @ Report Date +5.2%

EGBN EAGLE BANCORPORATION INC 0.3%

Value $542K Shares 19,500 Share Price $27.79 Est. Cost/Share $20.21 Unrealized @ Report Date +37.5%

NUE NUCOR CORP 0.1%

Value $234K Shares 1,000 Share Price $234.31 Est. Cost/Share $226.33 Unrealized @ Report Date +3.3%

CLNE CLEAN ENERGY FUELS CORP 0.0%

Value $29,640 Shares 19,000 Share Price $1.56 Est. Cost/Share $2.54 Unrealized @ Report Date -38.5%

QQQE DIREXION SHARES ETF TRUST 0.2%

Value $349K Shares 2,907 Share Price $120.11 Est. Cost/Share $88.17 Unrealized @ Report Date +36.2%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $296K Shares 325 Share Price $909.91 Est. Cost/Share $861.91 Unrealized @ Report Date +5.6%

ISRG INTUITIVE SURGICAL INC 0.1%

Value $285K Shares 700 Share Price $406.63 Est. Cost/Share $497.04 Unrealized @ Report Date -18.2%

PG PROCTER & GAMBLE CO 0.3%

Value $642K Shares 4,416 Share Price $145.29 Est. Cost/Share $163.86 Unrealized @ Report Date -11.3%

INTZ INTRUSION INC 0.0%

Value $20,070 Shares 27,867 Share Price $0.72 Est. Cost/Share $1.23 Unrealized @ Report Date -41.3%

ARCC ARES CAPITAL CORP 0.1%

Value $220K Shares 11,525 Share Price $19.10 Est. Cost/Share $18.53 Unrealized @ Report Date +3.1%

GBDC GOLUB CAP BDC INC 0.1%

Value $202K Shares 16,000 Share Price $12.63 Est. Cost/Share $13.25 Unrealized @ Report Date -4.6%

FDL FIRST TR EXCHANGE-TRADED FD 0.2%

Value $413K Shares 8,400 Share Price $49.11 Est. Cost/Share $41.30 Unrealized @ Report Date +18.9%

VEU VANGUARD INTL EQUITY INDEX F 0.2%

Value $334K Shares 4,021 Share Price $82.97 Est. Cost/Share $60.22 Unrealized @ Report Date +37.8%

MCO MOODYS CORP 0.5%

Value $1.091M Shares 2,402 Share Price $454.15 Est. Cost/Share $467.81 Unrealized @ Report Date -2.9%

AIG AMERICAN INTL GROUP INC 0.3%

Value $521K Shares 7,000 Share Price $74.42 Est. Cost/Share $73.55 Unrealized @ Report Date +1.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TPL	TEXAS PACIFIC LAND CORPORATI	23,207	$7.562M	3.7%	$325.83	$317.98	+2.5%	COM	88262P102
AAPL	APPLE INC	53,495	$17.82M	8.8%	$333.02	$222.66	+49.6%	COM	037833100
PLTR	PALANTIR TECHNOLOGIES INC	9,996	$1.87M	0.9%	$187.05	$30.69	+509.5%	CL A	69608A108
PFE	PFIZER INC	81,378	$2.321M	1.1%	$28.52	$26.68	+6.9%	COM	717081103
BNL	BROADSTONE NET LEASE INC	155,540	$2.923M	1.4%	$18.79	$18.88	—	COM	11135E203
CVX	CHEVRON CORPORATION	7,742	$1.581M	0.8%	$204.21	$149.71	+36.4%	COM	166764100
GOOG	ALPHABET INC	23,097	$7.87M	3.9%	$340.74	$174.64	+95.1%	CAP STK CL C	02079K107
IBM	INTERNATIONAL BUSINESS MACHS	4,405	$969K	0.5%	$219.93	$201.84	+9.0%	COM	459200101
JNJ	JOHNSON & JOHNSON	25,303	$6.699M	3.3%	$264.74	$154.71	+71.1%	COM	478160104
PWR	QUANTA SVCS INC	2,683	$1.724M	0.8%	$642.51	$289.14	+122.2%	COM	74762E102
GEV	GE VERNOVA INC	900	$855K	0.4%	$950.49	$496.90	+91.3%	COM	36828A101
BMY	BRISTOL-MYERS SQUIBB CO	41,150	$2.568M	1.3%	$62.40	$43.85	+42.3%	COM	110122108
GE	GE AEROSPACE	3,050	$952K	0.5%	$312.29	$206.32	+51.4%	COM NEW	369604301
MRK	MERCK & CO INC	8,728	$1.276M	0.6%	$146.16	$113.54	+28.0%	COM	58933Y105
ABBV	ABBVIE INC	17,349	$4.538M	2.2%	$261.60	$179.24	+45.9%	COM	00287Y109
XPO	XPO INC	4,642	$817K	0.4%	$175.98	$113.12	+55.6%	COM	983793100
LB	LANDBRIDGE COMPANY LLC	68,965	$5.598M	2.8%	$81.17	$55.05	+47.5%	CL A	514952100
TROW	PRICE T ROWE GROUP INC	11,483	$1.195M	0.6%	$104.05	$101.88	+2.1%	COM	74144T108
EMR	EMERSON ELEC CO	10,270	$1.593M	0.8%	$155.10	$108.76	+42.6%	COM	291011104
WMB	WILLIAMS COS INC	15,204	$1.033M	0.5%	$67.97	$49.27	+38.0%	COM	969457100
KO	COCA COLA CO	21,902	$1.897M	0.9%	$86.61	$66.14	+30.2%	COM	191216100
KMI	KINDER MORGAN INC DEL	36,530	$1.101M	0.5%	$30.15	$19.86	+51.8%	COM	49456B101
PANW	PALO ALTO NETWORKS INC	1,050	$417K	0.2%	$397.31	$228.90	+73.6%	COM	697435105
BLK	BLACKROCK INC	517	$547K	0.3%	$1058.29	$991.05	+6.8%	COM	09290D101
IYE	ISHARES TR	5,670	$367K	0.2%	$64.80	$47.67	+35.9%	U.S. ENERGY ETF	464287796
URI	UNITED RENTALS INC	332	$332K	0.2%	$1000.78	$710.77	+40.8%	COM	911363109
NVR	NVR INC	65	$400K	0.2%	$6154.38	$8729.84	-29.5%	COM	62944T105
WFC	WELLS FARGO & CO	12,470	$998K	0.5%	$80.05	$62.13	+28.9%	COM	949746101
V	VISA INC	2,538	$912K	0.4%	$359.26	$276.83	+29.8%	COM CL A	92826C839
GS	GOLDMAN SACHS GROUP INC	290	$261K	0.1%	$900.36	$734.84	+22.5%	COM	38141G104
SBUX	STARBUCKS CORP	3,826	$359K	0.2%	$93.96	$83.08	+13.1%	COM	855244109
VZ	VERIZON COMMUNICATIONS INC	8,150	$374K	0.2%	$45.87	$39.06	+17.4%	COM	92343V104
MA	MASTERCARD INCORPORATED	734	$405K	0.2%	$551.50	$468.50	+17.7%	CL A	57636Q104
ABT	ABBOTT LABORATORIES	2,925	$289K	0.1%	$98.83	$110.57	-10.6%	COM	002824100
JPM	JPMORGAN CHASE & CO	7,168	$2.371M	1.2%	$330.83	$211.83	+56.2%	COM	46625H100
CB	CHUBB LIMITED	1,203	$393K	0.2%	$326.27	$270.79	+20.1%	COM	H1467J104
CL	COLGATE PALMOLIVE CO	2,750	$235K	0.1%	$85.32	$98.92	-13.8%	COM	194162103
XLY	SELECT SECTOR SPDR TR	1,980	$216K	0.1%	$108.84	$104.75	+3.9%	ST STR DISCR ETF	81369Y407
RTX	RTX CORPORATION	3,700	$687K	0.3%	$185.65	$133.59	+39.0%	COM	75513E101
IYH	ISHARES TR	3,000	$215K	0.1%	$71.56	$62.56	+14.4%	US HLTHCARE ETF	464287762
SPY	STATE STR SPDR S&P 500 ETF T	722	$552K	0.3%	$764.52	$725.01	+5.2%	TR UNIT	78462F103
EGBN	EAGLE BANCORPORATION INC	19,500	$542K	0.3%	$27.79	$20.21	+37.5%	COM	268948106
NUE	NUCOR CORP	1,000	$234K	0.1%	$234.31	$226.33	+3.3%	COM	670346105
CLNE	CLEAN ENERGY FUELS CORP	19,000	$29,640	0.0%	$1.56	$2.54	-38.5%	COM	184499101
QQQE	DIREXION SHARES ETF TRUST	2,907	$349K	0.2%	$120.11	$88.17	+36.2%	NASDAQ 100 EQ WT	25459Y207
COST	COSTCO WHOLESALE CORPORATION	325	$296K	0.1%	$909.91	$861.91	+5.6%	COM	22160K105
ISRG	INTUITIVE SURGICAL INC	700	$285K	0.1%	$406.63	$497.04	-18.2%	COM NEW	46120E602
PG	PROCTER & GAMBLE CO	4,416	$642K	0.3%	$145.29	$163.86	-11.3%	COM	742718109
INTZ	INTRUSION INC	27,867	$20,070	0.0%	$0.72	$1.23	-41.3%	COM	46121E304
ARCC	ARES CAPITAL CORP	11,525	$220K	0.1%	$19.10	$18.53	+3.1%	COM	04010L103
GBDC	GOLUB CAP BDC INC	16,000	$202K	0.1%	$12.63	$13.25	-4.6%	COM	38173M102
FDL	FIRST TR EXCHANGE-TRADED FD	8,400	$413K	0.2%	$49.11	$41.30	+18.9%	SHS	336917109
VEU	VANGUARD INTL EQUITY INDEX F	4,021	$334K	0.2%	$82.97	$60.22	+37.8%	ALLWRLD EX US	922042775
MCO	MOODYS CORP	2,402	$1.091M	0.5%	$454.15	$467.81	-2.9%	COM	615369105
AIG	AMERICAN INTL GROUP INC	7,000	$521K	0.3%	$74.42	$73.55	+1.2%	COM NEW	026874784