Capital Wealth Planning, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	GRUPO CIBEST SA	306,071	$19,344	0.1%	$63.20	—	SPON ADS	40090e106
RYAAY	RYANAIR HOLDINGS PLC	173,073	$12,548	0.1%	$72.50	—	SPONSORED ADR	783513203
BMA	BANCO MACRO SA	116,905	$10,378	0.1%	$88.77	—	SPON ADR B	05961W105
RIO	RIO TINTO PLC	121,628	$9,904	0.1%	$81.43	—	SPONSORED ADR	767204100
MU	MICRON TECHNOLOGY INC	30,408	$8,679	0.1%	$229.35	0.0%	COM	595112103
—	CENCORA INC	25,097	$8,477	0.1%	$337.75	—	COM	03073e105
ABBV	ABBVIE INC	35,818	$8,184	0.1%	$227.54	0.0%	COM	00287Y109
BIDU	BAIDU INC	54,067	$8,126	0.1%	$150.30	—	SPON ADR REP A	056752108
SHOP	SHOPIFY INC	27,195	$4,378	0.0%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
TTE	TOTALENERGIES SE	53,381	$3,550	0.0%	$63.23	0.0%	ACT	F92124100
JKS	JINKOSOLAR HLDG CO LTD	118,079	$3,299	0.0%	$27.94	—	SPONSORED ADR	47759T100
VST	VISTRA CORP	20,131	$3,248	0.0%	$181.92	0.0%	COM	92840M102
INTC	INTEL CORP	87,925	$3,244	0.0%	$37.76	0.0%	COM	458140100
LTM	LATAM AIRLINES GROUP SA	56,924	$3,107	0.0%	$54.58	—	SPONSORED ADR	51817R205
NU	NU HLDGS LTD	175,435	$2,937	0.0%	$16.07	0.0%	ORD SHS CL A	G6683N103
ISRG	INTUITIVE SURGICAL INC	4,860	$2,753	0.0%	$532.37	0.0%	COM NEW	46120E602
APP	APPLOVIN CORP	4,025	$2,712	0.0%	$630.10	0.0%	COM CL A	03831W108
MLM	MARTIN MARIETTA MATLS INC	4,325	$2,693	0.0%	$621.36	0.0%	COM	573284106
AMAT	APPLIED MATLS INC	10,405	$2,674	0.0%	$239.49	0.0%	COM	038222105
COPX	GLOBAL X FDS	34,507	$2,477	0.0%	$71.79	—	GLOBAL X COPPER	37954Y830
STLD	STEEL DYNAMICS INC	5,000	$847	0.0%	$158.36	0.0%	COM	858119100
TDW	TIDEWATER INC NEW	7,900	$399	0.0%	$52.82	0.0%	COM	88642R109
BCI	ABRDN ETFS	19,100	$373	0.0%	$19.53	—	BBRG ALL COMD K1	003261104
NEE	NEXTERA ENERGY INC	3,818	$307	0.0%	$82.50	0.0%	COM	65339F101
CRAK	VANECK ETF TRUST	6,000	$225	0.0%	$37.51	—	OIL REFINERS ETF	92189F585
IE	IVANHOE ELECTRIC INC	12,700	$203	0.0%	$14.31	0.0%	COM	46578C108
AES	AES CORP	10,000	$143	0.0%	$14.03	0.0%	COM	00130H105

Increased Positions (80)

WMT WALMART INC 2.9%

Value ($000) $447,034 (+25010.7%) Shares 3,992,835 (+23014.7%) Est. Cost $106.97 Unrealized +0.2%

MRK MERCK & CO INC 3.4%

Value ($000) $529,233 (+97.6%) Shares 5,004,197 (+56.8%) Est. Cost $84.31 Unrealized +10.6%

MPC MARATHON PETE CORP 1.6%

Value ($000) $245,157 (+41919.9%) Shares 1,498,124 (+49392.0%) Est. Cost $186.35 Unrealized +0.0%

AMGN AMGEN INC 3.1%

Value ($000) $473,868 (+103.3%) Shares 1,447,173 (+75.2%) Est. Cost $297.56 Unrealized +6.2%

KO COCA COLA CO 1.9%

Value ($000) $292,894 (+88.4%) Shares 4,209,075 (+79.6%) Est. Cost $69.60 Unrealized -0.3%

RTX RTX CORPORATION 5.1%

Value ($000) $793,748 (+17.6%) Shares 4,290,398 (+6.4%) Est. Cost $129.12 Unrealized +34.2%

IBM INTERNATIONAL BUSINESS MACHS 4.7%

Value ($000) $719,394 (+17.1%) Shares 2,444,051 (+12.2%) Est. Cost $184.74 Unrealized +61.7%

SOFR AMPLIFY ETF TR 1.8%

Value ($000) $284,736 (+47.7%) Shares 2,841,417 (+47.6%) Est. Cost $100.21 Unrealized —

V VISA INC 4.9%

Value ($000) $757,896 (+9.6%) Shares 2,171,043 (+7.2%) Est. Cost $226.11 Unrealized +50.5%

CME CME GROUP INC 4.8%

Value ($000) $736,196 (+7.6%) Shares 2,709,146 (+7.0%) Est. Cost $216.96 Unrealized +24.8%

MSFT MICROSOFT CORP 5.1%

Value ($000) $790,893 (+6.4%) Shares 1,649,156 (+15.0%) Est. Cost $295.09 Unrealized +69.6%

JPM JPMORGAN CHASE & CO. 5.1%

Value ($000) $794,261 (+6.2%) Shares 2,455,895 (+3.6%) Est. Cost $142.82 Unrealized +116.7%

MCD MCDONALDS CORP 3.7%

Value ($000) $571,484 (+6.7%) Shares 1,875,794 (+6.4%) Est. Cost $264.07 Unrealized +15.5%

HD HOME DEPOT INC 4.1%

Value ($000) $639,256 (-4.4%) Shares 1,853,992 (+12.4%) Est. Cost $307.35 Unrealized +18.6%

NVDA NVIDIA CORPORATION 0.4%

Value ($000) $67,074 (+71.8%) Shares 359,648 (+71.9%) Est. Cost $169.03 Unrealized +10.1%

CVX CHEVRON CORP NEW 2.7%

Value ($000) $422,368 (+5.7%) Shares 2,744,140 (+6.6%) Est. Cost $118.80 Unrealized +27.4%

GOOGL ALPHABET INC 0.3%

Value ($000) $40,698 (+85.1%) Shares 130,025 (+43.8%) Est. Cost $221.89 Unrealized +28.7%

BIL SPDR SERIES TRUST 2.8%

Value ($000) $439,386 (+4.2%) Shares 4,808,345 (+4.7%) Est. Cost $91.68 Unrealized —

META META PLATFORMS INC 3.5%

Value ($000) $546,284 (-2.9%) Shares 833,083 (+8.7%) Est. Cost $576.69 Unrealized +15.7%

AMZN AMAZON COM INC 0.2%

Value ($000) $35,393 (+78.4%) Shares 153,336 (+69.7%) Est. Cost $217.51 Unrealized +5.2%

AVGO BROADCOM INC 0.2%

Value ($000) $29,459 (+82.6%) Shares 85,118 (+74.1%) Est. Cost $307.79 Unrealized +16.0%

DUK DUKE ENERGY CORP NEW 2.0%

Value ($000) $314,250 (+3.9%) Shares 2,678,696 (+9.6%) Est. Cost $101.31 Unrealized +20.0%

AZN ASTRAZENECA PLC 0.1%

Value ($000) $18,899 (+135.4%) Shares 206,389 (+97.2%) Est. Cost $82.96 Unrealized —

BMO BANK MONTREAL QUE 0.1%

Value ($000) $12,795 (+484.6%) Shares 96,785 (+475.9%) Est. Cost $125.13 Unrealized +1.2%

TSLA TESLA INC 0.2%

Value ($000) $24,617 (+74.0%) Shares 54,739 (+72.1%) Est. Cost $377.28 Unrealized +17.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.2%

Value ($000) $27,141 (+57.5%) Shares 84,919 (+37.6%) Est. Cost $229.94 Unrealized —

ASML ASML HOLDING N V 0.1%

Value ($000) $18,800 (+93.0%) Shares 16,154 (+60.5%) Est. Cost $948.81 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $17,156 (+110.3%) Shares 80,108 (+58.8%) Est. Cost $175.09 Unrealized +28.3%

BBVA BANCO BILBAO VIZCAYA ARGENTA 0.1%

Value ($000) $17,785 (+92.8%) Shares 741,337 (+54.7%) Est. Cost $15.83 Unrealized —

SMFG SUMITOMO MITSUI FINL GROUP I 0.1%

Value ($000) $21,067 (+59.9%) Shares 1,083,145 (+37.7%) Est. Cost $16.21 Unrealized —

MT ARCELORMITTAL SA LUXEMBOURG 0.1%

Value ($000) $11,127 (+234.6%) Shares 235,750 (+156.3%) Est. Cost $42.89 Unrealized —

NVS NOVARTIS AG 0.1%

Value ($000) $22,658 (+48.6%) Shares 163,545 (+37.5%) Est. Cost $122.36 Unrealized —

VOD VODAFONE GROUP PLC NEW 0.1%

Value ($000) $13,715 (+115.3%) Shares 1,028,112 (+87.2%) Est. Cost $11.69 Unrealized —

E ENI S P A 0.1%

Value ($000) $11,962 (+134.3%) Shares 306,408 (+109.7%) Est. Cost $37.09 Unrealized —

ASX ASE TECHNOLOGY HLDG CO LTD 0.1%

Value ($000) $9,744 (+222.1%) Shares 577,950 (+111.9%) Est. Cost $14.14 Unrealized —

ESLT ELBIT SYS LTD 0.1%

Value ($000) $9,802 (+190.1%) Shares 16,559 (+149.9%) Est. Cost $487.27 Unrealized +2.7%

SAN BANCO SANTANDER SA 0.1%

Value ($000) $11,336 (+116.3%) Shares 939,147 (+87.8%) Est. Cost $8.86 Unrealized —

SCCO SOUTHERN COPPER CORP 0.1%

Value ($000) $17,184 (+54.4%) Shares 115,569 (+26.0%) Est. Cost $102.18 Unrealized +29.9%

BCS BARCLAYS PLC 0.1%

Value ($000) $19,764 (+43.5%) Shares 758,712 (+13.9%) Est. Cost $15.90 Unrealized —

ATAT ATOUR LIFESTYLE HLDGS LTD 0.1%

Value ($000) $15,694 (+61.1%) Shares 393,627 (+51.8%) Est. Cost $38.37 Unrealized —

EMBJ EMBRAER S.A. 0.1%

Value ($000) $18,011 (+49.0%) Shares 275,273 (+37.6%) Est. Cost $47.16 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $7,717 (+293.9%) Shares 43,414 (+304.2%) Est. Cost $173.31 Unrealized +4.5%

CCJ CAMECO CORP 0.1%

Value ($000) $14,857 (+61.8%) Shares 150,738 (+37.6%) Est. Cost $58.50 Unrealized +53.7%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $29,418 (+22.5%) Shares 189,136 (+40.7%) Est. Cost $149.90 Unrealized —

LLY ELI LILLY & CO 0.1%

Value ($000) $13,735 (+62.8%) Shares 12,781 (+15.6%) Est. Cost $764.60 Unrealized +25.0%

CSCO CISCO SYS INC 0.1%

Value ($000) $10,327 (+96.7%) Shares 134,744 (+75.6%) Est. Cost $67.36 Unrealized +9.6%

IMO IMPERIAL OIL LTD 0.1%

Value ($000) $13,298 (+59.8%) Shares 149,262 (+62.8%) Est. Cost $87.54 Unrealized +3.6%

KEP KOREA ELEC PWR CORP 0.1%

Value ($000) $9,921 (+99.9%) Shares 595,498 (+56.6%) Est. Cost $14.76 Unrealized —

HAS HASBRO INC 0.1%

Value ($000) $8,409 (+134.0%) Shares 102,547 (+116.4%) Est. Cost $77.32 Unrealized +0.9%

ENB ENBRIDGE INC 0.1%

Value ($000) $15,524 (+42.8%) Shares 322,615 (+49.8%) Est. Cost $43.34 Unrealized +8.7%

BTI BRITISH AMERN TOB PLC 0.1%

Value ($000) $13,935 (+49.8%) Shares 246,415 (+40.6%) Est. Cost $54.08 Unrealized —

MO ALTRIA GROUP INC 0.1%

Value ($000) $8,262 (+124.1%) Shares 143,289 (+156.7%) Est. Cost $60.16 Unrealized -1.3%

ALL ALLSTATE CORP 0.1%

Value ($000) $8,624 (+92.3%) Shares 41,434 (+98.3%) Est. Cost $200.62 Unrealized +1.7%

NTES NETEASE INC 0.1%

Value ($000) $15,575 (+33.5%) Shares 105,551 (+37.5%) Est. Cost $150.78 Unrealized —

RKLB ROCKET LAB CORP 0.0%

Value ($000) $4,167 (+1361.0%) Shares 59,731 (+903.4%) Est. Cost $56.13 Unrealized +2.1%

CX CEMEX SAB DE CV 0.0%

Value ($000) $5,643 (+205.3%) Shares 487,739 (+137.2%) Est. Cost $10.48 Unrealized —

U UNITY SOFTWARE INC 0.0%

Value ($000) $5,437 (+176.7%) Shares 123,087 (+150.8%) Est. Cost $39.29 Unrealized +3.7%

BA BOEING CO 0.0%

Value ($000) $6,087 (+103.5%) Shares 28,034 (+102.3%) Est. Cost $211.75 Unrealized -2.9%

ASTS AST SPACEMOBILE INC 0.0%

Value ($000) $3,442 (+384.0%) Shares 47,397 (+227.1%) Est. Cost $64.28 Unrealized +11.0%

AMX AMERICA MOVIL SAB DE CV 0.0%

Value ($000) $6,923 (+53.5%) Shares 334,948 (+55.9%) Est. Cost $20.88 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $38,872 (+6.5%) Shares 57,003 (+4.0%) Est. Cost $397.10 Unrealized —

SBS COMPANHIA DE SANEAMENTO BASI 0.0%

Value ($000) $6,545 (+38.7%) Shares 268,584 (+41.6%) Est. Cost $24.74 Unrealized —

ETN EATON CORP PLC 0.0%

Value ($000) $4,061 (+54.6%) Shares 12,749 (+81.7%) Est. Cost $359.28 Unrealized -1.4%

HOOD ROBINHOOD MKTS INC 0.1%

Value ($000) $8,350 (+20.4%) Shares 73,825 (+52.4%) Est. Cost $105.35 Unrealized +23.4%

CRH CRH PLC 0.0%

Value ($000) $5,940 (+30.3%) Shares 46,975 (+23.5%) Est. Cost $108.18 Unrealized +10.1%

PEP PEPSICO INC 0.0%

Value ($000) $2,971 (+63.2%) Shares 20,703 (+59.7%) Est. Cost $143.72 Unrealized +1.5%

QQQ INVESCO QQQ TR 0.0%

Value ($000) $4,742 (+25.3%) Shares 7,720 (+22.5%) Est. Cost $534.67 Unrealized —

SONY SONY GROUP CORP 0.1%

Value ($000) $9,607 (-9.1%) Shares 371,198 (+1.2%) Est. Cost $26.34 Unrealized —

PBR PETROLEO BRASILEIRO SA PETRO 0.0%

Value ($000) $3,068 (+29.6%) Shares 257,372 (+37.6%) Est. Cost $13.56 Unrealized —

EFA ISHARES TR 0.1%

Value ($000) $7,990 (+7.7%) Shares 83,208 (+4.7%) Est. Cost $87.04 Unrealized —

MUFG MITSUBISHI UFJ FINL GROUP IN 0.1%

Value ($000) $17,549 (+3.2%) Shares 1,098,901 (+3.0%) Est. Cost $12.99 Unrealized —

NFLX NETFLIX INC 0.1%

Value ($000) $11,849 (+4.0%) Shares 126,381 (+1229.8%) Est. Cost $108.14 Unrealized -0.3%

KWEB KRANESHARES TRUST 0.0%

Value ($000) $4,276 (-9.6%) Shares 125,584 (+11.6%) Est. Cost $41.18 Unrealized —

XLF SELECT SECTOR SPDR TR 0.0%

Value ($000) $4,724 (+6.0%) Shares 86,259 (+4.3%) Est. Cost $49.36 Unrealized —

TMUS T-MOBILE US INC 0.0%

Value ($000) $5,841 (-3.1%) Shares 28,767 (+14.3%) Est. Cost $232.72 Unrealized -9.2%

GOOG ALPHABET INC 0.0%

Value ($000) $478 (+47.2%) Shares 1,522 (+14.3%) Est. Cost $155.49 Unrealized +84.1%

SYK STRYKER CORPORATION 0.0%

Value ($000) $5,460 (-2.7%) Shares 15,536 (+2.4%) Est. Cost $297.48 Unrealized +22.2%

QDVO AMPLIFY ETF TR 0.0%

Value ($000) $405 (+51.4%) Shares 13,946 (+51.5%) Est. Cost $28.26 Unrealized —

SH PROSHARES TR 0.0%

Value ($000) $2,846 (+4.7%) Shares 79,001 (+7.4%) Est. Cost $41.48 Unrealized —

GEV GE VERNOVA INC 0.0%

Value ($000) $290 (+7.5%) Shares 443 (+1.1%) Est. Cost $418.15 Unrealized +45.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	3,992,835 (+23014.7%)	$447,034 (+25010.7%)	2.9%	$106.97	+0.2%	COM	931142103
MRK	MERCK & CO INC	5,004,197 (+56.8%)	$529,233 (+97.6%)	3.4%	$84.31	+10.6%	COM	58933Y105
MPC	MARATHON PETE CORP	1,498,124 (+49392.0%)	$245,157 (+41919.9%)	1.6%	$186.35	+0.0%	COM	56585A102
AMGN	AMGEN INC	1,447,173 (+75.2%)	$473,868 (+103.3%)	3.1%	$297.56	+6.2%	COM	031162100
KO	COCA COLA CO	4,209,075 (+79.6%)	$292,894 (+88.4%)	1.9%	$69.60	-0.3%	COM	191216100
RTX	RTX CORPORATION	4,290,398 (+6.4%)	$793,748 (+17.6%)	5.1%	$129.12	+34.2%	COM	75513E101
IBM	INTERNATIONAL BUSINESS MACHS	2,444,051 (+12.2%)	$719,394 (+17.1%)	4.7%	$184.74	+61.7%	COM	459200101
SOFR	AMPLIFY ETF TR	2,841,417 (+47.6%)	$284,736 (+47.7%)	1.8%	$100.21	—	SAMSUNG SOFR ETF	032108672
V	VISA INC	2,171,043 (+7.2%)	$757,896 (+9.6%)	4.9%	$226.11	+50.5%	COM CL A	92826C839
CME	CME GROUP INC	2,709,146 (+7.0%)	$736,196 (+7.6%)	4.8%	$216.96	+24.8%	COM	12572Q105
MSFT	MICROSOFT CORP	1,649,156 (+15.0%)	$790,893 (+6.4%)	5.1%	$295.09	+69.6%	COM	594918104
JPM	JPMORGAN CHASE & CO.	2,455,895 (+3.6%)	$794,261 (+6.2%)	5.1%	$142.82	+116.7%	COM	46625H100
MCD	MCDONALDS CORP	1,875,794 (+6.4%)	$571,484 (+6.7%)	3.7%	$264.07	+15.5%	COM	580135101
HD	HOME DEPOT INC	1,853,992 (+12.4%)	$639,256 (-4.4%)	4.1%	$307.35	+18.6%	COM	437076102
NVDA	NVIDIA CORPORATION	359,648 (+71.9%)	$67,074 (+71.8%)	0.4%	$169.03	+10.1%	COM	67066G104
CVX	CHEVRON CORP NEW	2,744,140 (+6.6%)	$422,368 (+5.7%)	2.7%	$118.80	+27.4%	COM	166764100
GOOGL	ALPHABET INC	130,025 (+43.8%)	$40,698 (+85.1%)	0.3%	$221.89	+28.7%	CAP STK CL A	02079K305
BIL	SPDR SERIES TRUST	4,808,345 (+4.7%)	$439,386 (+4.2%)	2.8%	$91.68	—	STATE STREET SPD	78468R663
META	META PLATFORMS INC	833,083 (+8.7%)	$546,284 (-2.9%)	3.5%	$576.69	+15.7%	CL A	30303M102
AMZN	AMAZON COM INC	153,336 (+69.7%)	$35,393 (+78.4%)	0.2%	$217.51	+5.2%	COM	023135106
AVGO	BROADCOM INC	85,118 (+74.1%)	$29,459 (+82.6%)	0.2%	$307.79	+16.0%	COM	11135F101
DUK	DUKE ENERGY CORP NEW	2,678,696 (+9.6%)	$314,250 (+3.9%)	2.0%	$101.31	+20.0%	COM NEW	26441C204
AZN	ASTRAZENECA PLC	206,389 (+97.2%)	$18,899 (+135.4%)	0.1%	$82.96	—	SPONSORED ADR	046353108
BMO	BANK MONTREAL QUE	96,785 (+475.9%)	$12,795 (+484.6%)	0.1%	$125.13	+1.2%	COM	063671101
TSLA	TESLA INC	54,739 (+72.1%)	$24,617 (+74.0%)	0.2%	$377.28	+17.5%	COM	88160R101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	84,919 (+37.6%)	$27,141 (+57.5%)	0.2%	$229.94	—	SPONSORED ADS	874039100
ASML	ASML HOLDING N V	16,154 (+60.5%)	$18,800 (+93.0%)	0.1%	$948.81	—	N Y REGISTRY SHS	N07059210
AMD	ADVANCED MICRO DEVICES INC	80,108 (+58.8%)	$17,156 (+110.3%)	0.1%	$175.09	+28.3%	COM	007903107
BBVA	BANCO BILBAO VIZCAYA ARGENTA	741,337 (+54.7%)	$17,785 (+92.8%)	0.1%	$15.83	—	SPONSORED ADR	05946K101
SMFG	SUMITOMO MITSUI FINL GROUP I	1,083,145 (+37.7%)	$21,067 (+59.9%)	0.1%	$16.21	—	SPONSORED ADR	86562M209
MT	ARCELORMITTAL SA LUXEMBOURG	235,750 (+156.3%)	$11,127 (+234.6%)	0.1%	$42.89	—	NY REGISTRY SH	03938L203
NVS	NOVARTIS AG	163,545 (+37.5%)	$22,658 (+48.6%)	0.1%	$122.36	—	SPONSORED ADR	66987V109
VOD	VODAFONE GROUP PLC NEW	1,028,112 (+87.2%)	$13,715 (+115.3%)	0.1%	$11.69	—	SPONSORED ADR	92857W308
E	ENI S P A	306,408 (+109.7%)	$11,962 (+134.3%)	0.1%	$37.09	—	SPONSORED ADR	26874R108
ASX	ASE TECHNOLOGY HLDG CO LTD	577,950 (+111.9%)	$9,744 (+222.1%)	0.1%	$14.14	—	SPONSORED ADS	00215W100
ESLT	ELBIT SYS LTD	16,559 (+149.9%)	$9,802 (+190.1%)	0.1%	$487.27	+2.7%	ORD	M3760D101
SAN	BANCO SANTANDER SA	939,147 (+87.8%)	$11,336 (+116.3%)	0.1%	$8.86	—	ADR	05964H105
SCCO	SOUTHERN COPPER CORP	115,569 (+26.0%)	$17,184 (+54.4%)	0.1%	$102.18	+29.9%	COM	84265V105
BCS	BARCLAYS PLC	758,712 (+13.9%)	$19,764 (+43.5%)	0.1%	$15.90	—	ADR	06738E204
ATAT	ATOUR LIFESTYLE HLDGS LTD	393,627 (+51.8%)	$15,694 (+61.1%)	0.1%	$38.37	—	SPONSORED ADS	04965M106
EMBJ	EMBRAER S.A.	275,273 (+37.6%)	$18,011 (+49.0%)	0.1%	$47.16	—	SPONSORED ADS	29082A107
PLTR	PALANTIR TECHNOLOGIES INC	43,414 (+304.2%)	$7,717 (+293.9%)	0.0%	$173.31	+4.5%	CL A	69608A108
CCJ	CAMECO CORP	150,738 (+37.6%)	$14,857 (+61.8%)	0.1%	$58.50	+53.7%	COM	13321L108
BABA	ALIBABA GROUP HLDG LTD	189,136 (+40.7%)	$29,418 (+22.5%)	0.2%	$149.90	—	SPONSORED ADS	01609W102
LLY	ELI LILLY & CO	12,781 (+15.6%)	$13,735 (+62.8%)	0.1%	$764.60	+25.0%	COM	532457108
CSCO	CISCO SYS INC	134,744 (+75.6%)	$10,327 (+96.7%)	0.1%	$67.36	+9.6%	COM	17275R102
IMO	IMPERIAL OIL LTD	149,262 (+62.8%)	$13,298 (+59.8%)	0.1%	$87.54	+3.6%	COM NEW	453038408
KEP	KOREA ELEC PWR CORP	595,498 (+56.6%)	$9,921 (+99.9%)	0.1%	$14.76	—	SPONSORED ADR	500631106
HAS	HASBRO INC	102,547 (+116.4%)	$8,409 (+134.0%)	0.1%	$77.32	+0.9%	COM	418056107
ENB	ENBRIDGE INC	322,615 (+49.8%)	$15,524 (+42.8%)	0.1%	$43.34	+8.7%	COM	29250N105
BTI	BRITISH AMERN TOB PLC	246,415 (+40.6%)	$13,935 (+49.8%)	0.1%	$54.08	—	SPONSORED ADR	110448107
MO	ALTRIA GROUP INC	143,289 (+156.7%)	$8,262 (+124.1%)	0.1%	$60.16	-1.3%	COM	02209S103
ALL	ALLSTATE CORP	41,434 (+98.3%)	$8,624 (+92.3%)	0.1%	$200.62	+1.7%	COM	020002101
NTES	NETEASE INC	105,551 (+37.5%)	$15,575 (+33.5%)	0.1%	$150.78	—	SPONSORED ADS	64110W102
RKLB	ROCKET LAB CORP	59,731 (+903.4%)	$4,167 (+1361.0%)	0.0%	$56.13	+2.1%	COM	773121108
CX	CEMEX SAB DE CV	487,739 (+137.2%)	$5,643 (+205.3%)	0.0%	$10.48	—	SPON ADR NEW	151290889
U	UNITY SOFTWARE INC	123,087 (+150.8%)	$5,437 (+176.7%)	0.0%	$39.29	+3.7%	COM	91332U101
BA	BOEING CO	28,034 (+102.3%)	$6,087 (+103.5%)	0.0%	$211.75	-2.9%	COM	097023105
ASTS	AST SPACEMOBILE INC	47,397 (+227.1%)	$3,442 (+384.0%)	0.0%	$64.28	+11.0%	COM CL A	00217D100
AMX	AMERICA MOVIL SAB DE CV	334,948 (+55.9%)	$6,923 (+53.5%)	0.0%	$20.88	—	SPON ADS RP CL B	02390A101
SPY	SPDR S&P 500 ETF TR	57,003 (+4.0%)	$38,872 (+6.5%)	0.3%	$397.10	—	TR UNIT	78462F103
SBS	COMPANHIA DE SANEAMENTO BASI	268,584 (+41.6%)	$6,545 (+38.7%)	0.0%	$24.74	—	SPONSORED ADR	20441A102
ETN	EATON CORP PLC	12,749 (+81.7%)	$4,061 (+54.6%)	0.0%	$359.28	-1.4%	SHS	G29183103
HOOD	ROBINHOOD MKTS INC	73,825 (+52.4%)	$8,350 (+20.4%)	0.1%	$105.35	+23.4%	COM CL A	770700102
CRH	CRH PLC	46,975 (+23.5%)	$5,940 (+30.3%)	0.0%	$108.18	+10.1%	ORD	G25508105
PEP	PEPSICO INC	20,703 (+59.7%)	$2,971 (+63.2%)	0.0%	$143.72	+1.5%	COM	713448108
QQQ	INVESCO QQQ TR	7,720 (+22.5%)	$4,742 (+25.3%)	0.0%	$534.67	—	UNIT SER 1	46090E103
SONY	SONY GROUP CORP	371,198 (+1.2%)	$9,607 (-9.1%)	0.1%	$26.34	—	SPONSORED ADR	835699307
PBR	PETROLEO BRASILEIRO SA PETRO	257,372 (+37.6%)	$3,068 (+29.6%)	0.0%	$13.56	—	SPONSORED ADR	71654V408
EFA	ISHARES TR	83,208 (+4.7%)	$7,990 (+7.7%)	0.1%	$87.04	—	MSCI EAFE ETF	464287465
MUFG	MITSUBISHI UFJ FINL GROUP IN	1,098,901 (+3.0%)	$17,549 (+3.2%)	0.1%	$12.99	—	SPONSORED ADS	606822104
NFLX	NETFLIX INC	126,381 (+1229.8%)	$11,849 (+4.0%)	0.1%	$108.14	-0.3%	COM	64110L106
KWEB	KRANESHARES TRUST	125,584 (+11.6%)	$4,276 (-9.6%)	0.0%	$41.18	—	CSI CHI INTERNET	500767306
XLF	SELECT SECTOR SPDR TR	86,259 (+4.3%)	$4,724 (+6.0%)	0.0%	$49.36	—	STATE STREET FIN	81369Y605
TMUS	T-MOBILE US INC	28,767 (+14.3%)	$5,841 (-3.1%)	0.0%	$232.72	-9.2%	COM	872590104
GOOG	ALPHABET INC	1,522 (+14.3%)	$478 (+47.2%)	0.0%	$155.49	+84.1%	CAP STK CL C	02079K107
SYK	STRYKER CORPORATION	15,536 (+2.4%)	$5,460 (-2.7%)	0.0%	$297.48	+22.2%	COM	863667101
QDVO	AMPLIFY ETF TR	13,946 (+51.5%)	$405 (+51.4%)	0.0%	$28.26	—	CWP GROWTH & INC	032108524
SH	PROSHARES TR	79,001 (+7.4%)	$2,846 (+4.7%)	0.0%	$41.48	—	SHORT S&P 500 NE	74349Y753
GEV	GE VERNOVA INC	443 (+1.1%)	$290 (+7.5%)	0.0%	$418.15	+45.7%	COM	36828A101

Exited Positions (24)

CIB GRUPO CIBEST SA 0.1%

Value ($000) $14,784 Shares 284,643 Est. Cost $47.57 Unrealized —

CPNG COUPANG INC 0.0%

Value ($000) $6,308 Shares 195,915 Est. Cost $20.96 Unrealized +35.7%

LIN LINDE PLC 0.0%

Value ($000) $5,514 Shares 11,608 Est. Cost $466.10 Unrealized -8.3%

RACE FERRARI N V 0.0%

Value ($000) $4,998 Shares 10,301 Est. Cost $400.08 Unrealized +0.0%

COR CENCORA INC 0.0%

Value ($000) $4,485 Shares 14,351 Est. Cost $281.89 Unrealized +20.8%

MLCO MELCO RESORTS AND ENTMNT LTD 0.0%

Value ($000) $4,136 Shares 451,089 Est. Cost $9.17 Unrealized —

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $4,077 Shares 25,137 Est. Cost $132.01 Unrealized +16.3%

— TOTALENERGIES SE 0.0%

Value ($000) $3,858 Shares 64,641 Est. Cost $62.33 Unrealized —

MELI MERCADOLIBRE INC 0.0%

Value ($000) $3,706 Shares 1,586 Est. Cost $2112.42 Unrealized -0.6%

DASH DOORDASH INC 0.0%

Value ($000) $3,421 Shares 12,577 Est. Cost $231.45 Unrealized +1.3%

RBLX ROBLOX CORP 0.0%

Value ($000) $3,337 Shares 24,090 Est. Cost $100.46 Unrealized +5.7%

JLL JONES LANG LASALLE INC 0.0%

Value ($000) $3,080 Shares 10,327 Est. Cost $285.67 Unrealized +9.7%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $2,747 Shares 3,935 Est. Cost $606.04 Unrealized +3.1%

TELFY TELEFONICA S A 0.0%

Value ($000) $2,636 Shares 518,993 Est. Cost $5.08 Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $2,593 Shares 26,463 Est. Cost $93.52 Unrealized -3.7%

OMAB GRUPO AEROPORTUARIO DEL CENT 0.0%

Value ($000) $2,459 Shares 23,675 Est. Cost $105.38 Unrealized —

DKNG DRAFTKINGS INC NEW 0.0%

Value ($000) $1,327 Shares 35,485 Est. Cost $44.34 Unrealized -25.8%

EME EMCOR GROUP INC 0.0%

Value ($000) $1,104 Shares 1,700 Est. Cost $606.37 Unrealized +6.8%

UNP UNION PAC CORP 0.0%

Value ($000) $539 Shares 2,280 Est. Cost $213.74 Unrealized +6.4%

FSLR FIRST SOLAR INC 0.0%

Value ($000) $441 Shares 2,000 Est. Cost $191.94 Unrealized +31.4%

ENVX ENOVIX CORPORATION 0.0%

Value ($000) $314 Shares 31,500 Est. Cost $11.35 Unrealized -14.7%

— KELLANOVA 0.0%

Value ($000) $303 Shares 3,700 Est. Cost $61.15 Unrealized +35.2%

CRWD CROWDSTRIKE HLDGS INC 0.0%

Value ($000) $270 Shares 550 Est. Cost $454.77 Unrealized +12.0%

FCX FREEPORT-MCMORAN INC 0.0%

Value ($000) $243 Shares 6,196 Est. Cost $42.21 Unrealized +2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CIB	GRUPO CIBEST SA	284,643	$14,784	0.1%	$47.57	—	—	40090E106
CPNG	COUPANG INC	195,915	$6,308	0.0%	$20.96	+35.7%	—	22266T109
LIN	LINDE PLC	11,608	$5,514	0.0%	$466.10	-8.3%	—	G54950103
RACE	FERRARI N V	10,301	$4,998	0.0%	$400.08	+0.0%	—	N3167Y103
COR	CENCORA INC	14,351	$4,485	0.0%	$281.89	+20.8%	—	03073E105
MLCO	MELCO RESORTS AND ENTMNT LTD	451,089	$4,136	0.0%	$9.17	—	—	585464100
PM	PHILIP MORRIS INTL INC	25,137	$4,077	0.0%	$132.01	+16.3%	—	718172109
—	TOTALENERGIES SE	64,641	$3,858	0.0%	$62.33	—	—	89151E109
MELI	MERCADOLIBRE INC	1,586	$3,706	0.0%	$2112.42	-0.6%	—	58733R102
DASH	DOORDASH INC	12,577	$3,421	0.0%	$231.45	+1.3%	—	25809K105
RBLX	ROBLOX CORP	24,090	$3,337	0.0%	$100.46	+5.7%	—	771049103
JLL	JONES LANG LASALLE INC	10,327	$3,080	0.0%	$285.67	+9.7%	—	48020Q107
SPOT	SPOTIFY TECHNOLOGY S A	3,935	$2,747	0.0%	$606.04	+3.1%	—	L8681T102
TELFY	TELEFONICA S A	518,993	$2,636	0.0%	$5.08	—	—	879382208
UBER	UBER TECHNOLOGIES INC	26,463	$2,593	0.0%	$93.52	-3.7%	—	90353T100
OMAB	GRUPO AEROPORTUARIO DEL CENT	23,675	$2,459	0.0%	$105.38	—	—	400501102
DKNG	DRAFTKINGS INC NEW	35,485	$1,327	0.0%	$44.34	-25.8%	—	26142V105
EME	EMCOR GROUP INC	1,700	$1,104	0.0%	$606.37	+6.8%	—	29084Q100
UNP	UNION PAC CORP	2,280	$539	0.0%	$213.74	+6.4%	—	907818108
FSLR	FIRST SOLAR INC	2,000	$441	0.0%	$191.94	+31.4%	—	336433107
ENVX	ENOVIX CORPORATION	31,500	$314	0.0%	$11.35	-14.7%	—	293594107
—	KELLANOVA	3,700	$303	0.0%	$61.15	+35.2%	—	487836108
CRWD	CROWDSTRIKE HLDGS INC	550	$270	0.0%	$454.77	+12.0%	—	22788C105
FCX	FREEPORT-MCMORAN INC	6,196	$243	0.0%	$42.21	+2.6%	—	35671D857

Decreased Positions (28)

HON HONEYWELL INTL INC 0.0%

Value ($000) $804 (-99.8%) Shares 4,122 (-99.8%) Est. Cost $186.90 Unrealized +4.3%

PG PROCTER AND GAMBLE CO 1.0%

Value ($000) $150,128 (-61.5%) Shares 1,051,904 (-58.5%) Est. Cost $131.93 Unrealized +11.6%

DIA SPDR DOW JONES INDL AVERAGE 0.2%

Value ($000) $34,533 (-83.9%) Shares 71,859 (-84.5%) Est. Cost $461.99 Unrealized —

VZ VERIZON COMMUNICATIONS INC 1.1%

Value ($000) $163,237 (-39.7%) Shares 4,016,752 (-34.8%) Est. Cost $36.11 Unrealized +12.1%

AEM AGNICO EAGLE MINES LTD 2.1%

Value ($000) $319,632 (-24.8%) Shares 1,880,580 (-25.4%) Est. Cost $96.59 Unrealized +73.8%

GS GOLDMAN SACHS GROUP INC 5.4%

Value ($000) $834,141 (+6.1%) Shares 935,946 (-5.2%) Est. Cost $269.92 Unrealized +201.3%

AAPL APPLE INC 5.2%

Value ($000) $797,553 (-2.6%) Shares 2,937,051 (-8.7%) Est. Cost $220.53 Unrealized +21.7%

CAT CATERPILLAR INC 4.9%

Value ($000) $763,490 (-1.2%) Shares 1,309,210 (-19.1%) Est. Cost $275.32 Unrealized +101.8%

SE SEA LTD 0.0%

Value ($000) $2,933 (-64.9%) Shares 22,303 (-52.3%) Est. Cost $163.96 Unrealized —

IBN ICICI BANK LIMITED 0.0%

Value ($000) $5,947 (-45.9%) Shares 198,300 (-45.5%) Est. Cost $31.05 Unrealized —

SAP SAP SE 0.0%

Value ($000) $6,163 (-41.6%) Shares 26,013 (-34.1%) Est. Cost $250.13 Unrealized —

GLD SPDR GOLD TR 0.0%

Value ($000) $5,313 (-44.6%) Shares 13,407 (-50.3%) Est. Cost $306.37 Unrealized —

SLV ISHARES SILVER TR 0.0%

Value ($000) $846 (-83.0%) Shares 13,125 (-88.8%) Est. Cost $32.10 Unrealized —

ORCL ORACLE CORP 0.0%

Value ($000) $334 (-90.6%) Shares 1,712 (-86.5%) Est. Cost $207.43 Unrealized +14.8%

TME TENCENT MUSIC ENTMT GROUP 0.0%

Value ($000) $5,966 (-31.4%) Shares 334,026 (-10.4%) Est. Cost $20.86 Unrealized —

XLI SELECT SECTOR SPDR TR 0.0%

Value ($000) $1,829 (-51.6%) Shares 11,789 (-51.9%) Est. Cost $148.01 Unrealized —

XP XP INC 0.0%

Value ($000) $3,202 (-25.3%) Shares 197,874 (-13.2%) Est. Cost $17.93 Unrealized -1.8%

FMX FOMENTO ECONOMICO MEXICANO S 0.0%

Value ($000) $3,422 (-23.1%) Shares 33,904 (-24.8%) Est. Cost $98.63 Unrealized —

KR KROGER CO 0.0%

Value ($000) $2,646 (-26.5%) Shares 42,353 (-20.7%) Est. Cost $69.08 Unrealized -5.6%

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $1,496 (-28.8%) Shares 4,531 (-25.6%) Est. Cost $384.43 Unrealized -12.3%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $4,678 (-7.9%) Shares 5,425 (-1.2%) Est. Cost $945.62 Unrealized -4.2%

DIVO AMPLIFY ETF TR 0.0%

Value ($000) $1,406 (-20.9%) Shares 31,592 (-20.7%) Est. Cost $91.70 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 0.1%

Value ($000) $10,565 (+2.7%) Shares 89,630 (-2.5%) Est. Cost $73.38 Unrealized +45.9%

CNR CORE NATURAL RESOURCES INC 0.0%

Value ($000) $655 (-15.6%) Shares 7,400 (-20.4%) Est. Cost $74.75 Unrealized +13.9%

RF REGIONS FINANCIAL CORP NEW 0.0%

Value ($000) $883 (-10.9%) Shares 32,589 (-13.3%) Est. Cost $22.41 Unrealized +13.2%

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $1,021 (+7.4%) Shares 4,933 (-3.8%) Est. Cost $148.43 Unrealized +32.7%

MRSH MARSH & MCLENNAN COS INC 0.0%

Value ($000) $260 (-15.8%) Shares 1,400 (-8.5%) Est. Cost $162.38 Unrealized +14.8%

DE DEERE & CO 0.0%

Value ($000) $404 (-7.8%) Shares 868 (-9.5%) Est. Cost $380.26 Unrealized +23.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	4,122 (-99.8%)	$804 (-99.8%)	0.0%	$186.90	+4.3%	COM	438516106
PG	PROCTER AND GAMBLE CO	1,051,904 (-58.5%)	$150,128 (-61.5%)	1.0%	$131.93	+11.6%	COM	742718109
DIA	SPDR DOW JONES INDL AVERAGE	71,859 (-84.5%)	$34,533 (-83.9%)	0.2%	$461.99	—	UT SER 1	78467X109
VZ	VERIZON COMMUNICATIONS INC	4,016,752 (-34.8%)	$163,237 (-39.7%)	1.1%	$36.11	+12.1%	COM	92343V104
AEM	AGNICO EAGLE MINES LTD	1,880,580 (-25.4%)	$319,632 (-24.8%)	2.1%	$96.59	+73.8%	COM	008474108
GS	GOLDMAN SACHS GROUP INC	935,946 (-5.2%)	$834,141 (+6.1%)	5.4%	$269.92	+201.3%	COM	38141G104
AAPL	APPLE INC	2,937,051 (-8.7%)	$797,553 (-2.6%)	5.2%	$220.53	+21.7%	COM	037833100
CAT	CATERPILLAR INC	1,309,210 (-19.1%)	$763,490 (-1.2%)	4.9%	$275.32	+101.8%	COM	149123101
SE	SEA LTD	22,303 (-52.3%)	$2,933 (-64.9%)	0.0%	$163.96	—	SPONSORD ADS	81141R100
IBN	ICICI BANK LIMITED	198,300 (-45.5%)	$5,947 (-45.9%)	0.0%	$31.05	—	ADR	45104G104
SAP	SAP SE	26,013 (-34.1%)	$6,163 (-41.6%)	0.0%	$250.13	—	SPON ADR	803054204
GLD	SPDR GOLD TR	13,407 (-50.3%)	$5,313 (-44.6%)	0.0%	$306.37	—	GOLD SHS	78463V107
SLV	ISHARES SILVER TR	13,125 (-88.8%)	$846 (-83.0%)	0.0%	$32.10	—	ISHARES	46428Q109
ORCL	ORACLE CORP	1,712 (-86.5%)	$334 (-90.6%)	0.0%	$207.43	+14.8%	COM	68389X105
TME	TENCENT MUSIC ENTMT GROUP	334,026 (-10.4%)	$5,966 (-31.4%)	0.0%	$20.86	—	SPON ADS	88034P109
XLI	SELECT SECTOR SPDR TR	11,789 (-51.9%)	$1,829 (-51.6%)	0.0%	$148.01	—	STATE STREET IND	81369Y704
XP	XP INC	197,874 (-13.2%)	$3,202 (-25.3%)	0.0%	$17.93	-1.8%	CL A	G98239109
FMX	FOMENTO ECONOMICO MEXICANO S	33,904 (-24.8%)	$3,422 (-23.1%)	0.0%	$98.63	—	SPON ADR UNITS	344419106
KR	KROGER CO	42,353 (-20.7%)	$2,646 (-26.5%)	0.0%	$69.08	-5.6%	COM	501044101
UNH	UNITEDHEALTH GROUP INC	4,531 (-25.6%)	$1,496 (-28.8%)	0.0%	$384.43	-12.3%	COM	91324P102
COST	COSTCO WHSL CORP NEW	5,425 (-1.2%)	$4,678 (-7.9%)	0.0%	$945.62	-4.2%	COM	22160K105
DIVO	AMPLIFY ETF TR	31,592 (-20.7%)	$1,406 (-20.9%)	0.0%	$91.70	—	CWP ENHANCED DIV	032108409
WPM	WHEATON PRECIOUS METALS CORP	89,630 (-2.5%)	$10,565 (+2.7%)	0.1%	$73.38	+45.9%	COM	962879102
CNR	CORE NATURAL RESOURCES INC	7,400 (-20.4%)	$655 (-15.6%)	0.0%	$74.75	+13.9%	COM SHS	218937100
RF	REGIONS FINANCIAL CORP NEW	32,589 (-13.3%)	$883 (-10.9%)	0.0%	$22.41	+13.2%	COM	7591EP100
JNJ	JOHNSON & JOHNSON	4,933 (-3.8%)	$1,021 (+7.4%)	0.0%	$148.43	+32.7%	COM	478160104
MRSH	MARSH & MCLENNAN COS INC	1,400 (-8.5%)	$260 (-15.8%)	0.0%	$162.38	+14.8%	COM	571748102
DE	DEERE & CO	868 (-9.5%)	$404 (-7.8%)	0.0%	$380.26	+23.0%	COM	244199105

Unchanged Positions (20)

AXP AMERICAN EXPRESS CO 5.2%

Value ($000) $798,546 Shares 2,152,624 Est. Cost $269.64 Unrealized +32.4%

TJX TJX COS INC NEW 4.1%

Value ($000) $628,598 Shares 4,084,687 Est. Cost $106.62 Unrealized +38.5%

FAST FASTENAL CO 0.6%

Value ($000) $94,538 Shares 2,355,800 Est. Cost $26.27 Unrealized +60.0%

RJF RAYMOND JAMES FINL INC 0.1%

Value ($000) $15,137 Shares 94,260 Est. Cost $90.43 Unrealized +78.0%

PCAR PACCAR INC 0.0%

Value ($000) $6,313 Shares 57,650 Est. Cost $66.15 Unrealized +53.0%

DGX QUEST DIAGNOSTICS INC 0.0%

Value ($000) $6,353 Shares 36,610 Est. Cost $141.06 Unrealized +29.1%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $3,407 Shares 28,313 Est. Cost $104.13 Unrealized +10.9%

PH PARKER-HANNIFIN CORP 0.0%

Value ($000) $802 Shares 912 Est. Cost $259.06 Unrealized +215.7%

TRV TRAVELERS COMPANIES INC 0.0%

Value ($000) $2,320 Shares 8,000 Est. Cost $245.41 Unrealized +14.3%

LNG CHENIERE ENERGY INC 0.0%

Value ($000) $326 Shares 1,679 Est. Cost $235.04 Unrealized -10.7%

TDY TELEDYNE TECHNOLOGIES INC 0.0%

Value ($000) $283 Shares 554 Est. Cost $547.47 Unrealized -3.8%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $315 Shares 1,300 Est. Cost $186.79 Unrealized +19.0%

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $470 Shares 1,330 Est. Cost $101.44 Unrealized +258.0%

STT STATE STR CORP 0.0%

Value ($000) $306 Shares 2,375 Est. Cost $70.53 Unrealized +68.7%

NMRK NEWMARK GROUP INC 0.0%

Value ($000) $370 Shares 21,351 Est. Cost $16.19 Unrealized +8.1%

CTAS CINTAS CORP 0.0%

Value ($000) $213 Shares 1,132 Est. Cost $213.90 Unrealized -12.0%

GE GE AEROSPACE 0.0%

Value ($000) $544 Shares 1,765 Est. Cost $81.19 Unrealized +270.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $1,940 Shares 3,860 Est. Cost $393.34 Unrealized +26.5%

SCHX SCHWAB STRATEGIC TR 0.0%

Value ($000) $259 Shares 9,616 Est. Cost $31.71 Unrealized —

EMR EMERSON ELEC CO 0.0%

Value ($000) $212 Shares 1,600 Est. Cost $113.54 Unrealized +16.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AXP	AMERICAN EXPRESS CO	2,152,624	$798,546	5.2%	$269.64	+32.4%	COM	025816109
TJX	TJX COS INC NEW	4,084,687	$628,598	4.1%	$106.62	+38.5%	COM	872540109
FAST	FASTENAL CO	2,355,800	$94,538	0.6%	$26.27	+60.0%	COM	311900104
RJF	RAYMOND JAMES FINL INC	94,260	$15,137	0.1%	$90.43	+78.0%	COM	754730109
PCAR	PACCAR INC	57,650	$6,313	0.0%	$66.15	+53.0%	COM	693718108
DGX	QUEST DIAGNOSTICS INC	36,610	$6,353	0.0%	$141.06	+29.1%	COM	74834L100
XOM	EXXON MOBIL CORP	28,313	$3,407	0.0%	$104.13	+10.9%	COM	30231G102
PH	PARKER-HANNIFIN CORP	912	$802	0.0%	$259.06	+215.7%	COM	701094104
TRV	TRAVELERS COMPANIES INC	8,000	$2,320	0.0%	$245.41	+14.3%	COM	89417E109
LNG	CHENIERE ENERGY INC	1,679	$326	0.0%	$235.04	-10.7%	COM NEW	16411R208
TDY	TELEDYNE TECHNOLOGIES INC	554	$283	0.0%	$547.47	-3.8%	COM	879360105
COF	CAPITAL ONE FINL CORP	1,300	$315	0.0%	$186.79	+19.0%	COM	14040H105
CEG	CONSTELLATION ENERGY CORP	1,330	$470	0.0%	$101.44	+258.0%	COM	21037T109
STT	STATE STR CORP	2,375	$306	0.0%	$70.53	+68.7%	COM	857477103
NMRK	NEWMARK GROUP INC	21,351	$370	0.0%	$16.19	+8.1%	CL A	65158N102
CTAS	CINTAS CORP	1,132	$213	0.0%	$213.90	-12.0%	COM	172908105
GE	GE AEROSPACE	1,765	$544	0.0%	$81.19	+270.5%	COM NEW	369604301
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,860	$1,940	0.0%	$393.34	+26.5%	CL B NEW	084670702
SCHX	SCHWAB STRATEGIC TR	9,616	$259	0.0%	$31.71	—	US LRG CAP ETF	808524201
EMR	EMERSON ELEC CO	1,600	$212	0.0%	$113.54	+16.6%	COM	291011104