Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DRAM	ROUNDHILL ETF TRUST	14,380	$1.062M	0.5%	$73.85	—	MEMORY ETF	77926X320
ADBE	ADOBE INC	3,200	$656K	0.3%	$205.02	—	COM	00724F101
KWEB	KRANESHARES TRUST	23,700	$580K	0.3%	$24.47	—	CSI CHI INTERNET	500767306
JPM	JPMORGAN CHASE & CO	1,647	$539K	0.3%	$327.37	—	COM	46625H100
VLO	VALERO ENERGY CORP	2,040	$531K	0.3%	$260.44	—	COM	91913Y100
LULU	LULULEMON ATHLETICA INC	4,650	$531K	0.3%	$114.18	—	COM	550021109
LWAY	LIFEWAY FOODS INC	16,000	$477K	0.2%	$29.84	—	COM	531914109
KHC	KRAFT HEINZ CO	19,400	$458K	0.2%	$23.62	—	COM	500754106
KBR	KBR INC	13,000	$449K	0.2%	$34.53	—	COM	48242W106
IVV	ISHARES TR	498	$373K	0.2%	$748.78	—	CORE S&P500 ETF	464287200
VOO	VANGUARD INDEX FDS	406	$279K	0.1%	$686.81	—	S&P 500 ETF SHS	922908363
FLNC	FLUENCE ENERGY INC	11,800	$235K	0.1%	$19.88	—	COM CL A	34379V103
AVGO	BROADCOM INC	615	$232K	0.1%	$377.75	—	COM	11135F101
AXON	AXON ENTERPRISE INC	410	$230K	0.1%	$560.61	—	COM	05464C101
BRK/B	BERKSHIRE HATHAWAY INC DEL	449	$225K	0.1%	$500.39	—	CL B NEW	084670702
DINO	HF SINCLAIR CORP	3,200	$223K	0.1%	$69.65	—	COM	403949100
SOXS	DIREXION SHARES ETF TRUST	11,000	$35,640	0.0%	$3.24	—	DAI SEM 3X ETF	25461H572

Increased Positions (23)

HL HECLA MINING COMPANY 3.2%

Value $6.422M (-15.7%) Shares 416,180 (+1.8%) Est. Cost $5.69 Unrealized —

PAAS PAN AMERN SILVER CORP 3.0%

Value $5.964M (-16.6%) Shares 133,150 (+1.8%) Est. Cost $26.20 Unrealized —

INMD INMODE LTD 0.7%

Value $1.338M (+276.1%) Shares 91,500 (+251.9%) Est. Cost $14.65 Unrealized —

AGI ALAMOS GOLD INC 1.1%

Value $2.231M (-30.0%) Shares 73,530 (+2.5%) Est. Cost $26.94 Unrealized —

GOOG ALPHABET INC 2.4%

Value $4.75M (+24.6%) Shares 13,444 (+1.1%) Est. Cost $171.12 Unrealized —

JBS JBS N.V. 1.1%

Value $2.265M (-28.6%) Shares 191,130 (+8.2%) Est. Cost $13.93 Unrealized —

POWL POWELL INDS INC 1.0%

Value $1.957M (+58.3%) Shares 6,835 (+199.1%) Est. Cost $250.94 Unrealized —

AESI ATLAS ENERGY SOLUTIONS INC 0.9%

Value $1.694M (+61.4%) Shares 102,000 (+27.5%) Est. Cost $11.91 Unrealized —

CAG CONAGRA BRANDS INC 0.5%

Value $1.026M (+91.9%) Shares 76,200 (+124.1%) Est. Cost $15.49 Unrealized —

LINC LINCOLN EDL SVCS CORP 0.8%

Value $1.511M (+30.2%) Shares 30,290 (+6.1%) Est. Cost $21.84 Unrealized —

CNQ CANADIAN NAT RES LTD MED TER 0.8%

Value $1.556M (-18.1%) Shares 39,380 (+1.0%) Est. Cost $30.17 Unrealized —

AER AERCAP HOLDINGS NV 1.1%

Value $2.107M (+8.3%) Shares 14,450 (+1.9%) Est. Cost $108.46 Unrealized —

AGNC AGNC INVT CORP 0.5%

Value $1.031M (+16.0%) Shares 94,592 (+6.8%) Est. Cost $9.30 Unrealized —

CDE COEUR MNG INC 1.5%

Value $2.982M (-3.4%) Shares 182,709 (+11.1%) Est. Cost $21.72 Unrealized —

HQY HEALTHEQUITY INC 0.3%

Value $679K (+15.8%) Shares 7,520 (+7.1%) Est. Cost $88.77 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.3%

Value $560K (-13.4%) Shares 5,832 (+13.2%) Est. Cost $113.09 Unrealized —

YPF YPF SOCIEDAD ANONIMA 0.5%

Value $1M (+8.2%) Shares 22,000 (+10.0%) Est. Cost $32.72 Unrealized —

JCI JOHNSON CONTROLS INTERNATION 0.2%

Value $431K (+17.6%) Shares 2,951 (+5.4%) Est. Cost $98.71 Unrealized —

BIDU BAIDU INC 0.5%

Value $940K (+3.8%) Shares 8,225 (+1.2%) Est. Cost $86.11 Unrealized —

TSN TYSON FOODS INC 0.2%

Value $419K (-4.1%) Shares 7,320 (+7.3%) Est. Cost $57.19 Unrealized —

MSI MOTOROLA SOLUTIONS INC 0.3%

Value $677K (-1.9%) Shares 1,630 (+2.5%) Est. Cost $415.09 Unrealized —

ONC BEONE MEDICINES LTD 0.2%

Value $399K (-0.5%) Shares 1,400 (+3.7%) Est. Cost $303.14 Unrealized —

ONDS ONDAS INC 0.1%

Value $177K (+0.5%) Shares 21,473 (+10.3%) Est. Cost $11.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HL	HECLA MINING COMPANY	416,180 (+1.8%)	$6.422M (-15.7%)	3.2%	$5.69	—	COM	422704106
PAAS	PAN AMERN SILVER CORP	133,150 (+1.8%)	$5.964M (-16.6%)	3.0%	$26.20	—	COM	697900108
INMD	INMODE LTD	91,500 (+251.9%)	$1.338M (+276.1%)	0.7%	$14.65	—	SHS	M5425M103
AGI	ALAMOS GOLD INC	73,530 (+2.5%)	$2.231M (-30.0%)	1.1%	$26.94	—	COM CL A	011532108
GOOG	ALPHABET INC	13,444 (+1.1%)	$4.75M (+24.6%)	2.4%	$171.12	—	CAP STK CL C	02079K107
JBS	JBS N.V.	191,130 (+8.2%)	$2.265M (-28.6%)	1.1%	$13.93	—	CL A SHS	N4732M103
POWL	POWELL INDS INC	6,835 (+199.1%)	$1.957M (+58.3%)	1.0%	$250.94	—	COM	739128106
AESI	ATLAS ENERGY SOLUTIONS INC	102,000 (+27.5%)	$1.694M (+61.4%)	0.9%	$11.91	—	COM NEW	642045108
CAG	CONAGRA BRANDS INC	76,200 (+124.1%)	$1.026M (+91.9%)	0.5%	$15.49	—	COM	205887102
LINC	LINCOLN EDL SVCS CORP	30,290 (+6.1%)	$1.511M (+30.2%)	0.8%	$21.84	—	COM	533535100
CNQ	CANADIAN NAT RES LTD MED TER	39,380 (+1.0%)	$1.556M (-18.1%)	0.8%	$30.17	—	COM	136385101
AER	AERCAP HOLDINGS NV	14,450 (+1.9%)	$2.107M (+8.3%)	1.1%	$108.46	—	SHS	N00985106
AGNC	AGNC INVT CORP	94,592 (+6.8%)	$1.031M (+16.0%)	0.5%	$9.30	—	COM	00123Q104
CDE	COEUR MNG INC	182,709 (+11.1%)	$2.982M (-3.4%)	1.5%	$21.72	—	COM NEW	192108504
HQY	HEALTHEQUITY INC	7,520 (+7.1%)	$679K (+15.8%)	0.3%	$88.77	—	COM	42226A107
BABA	ALIBABA GROUP HLDG LTD	5,832 (+13.2%)	$560K (-13.4%)	0.3%	$113.09	—	SPONSORED ADS	01609W102
YPF	YPF SOCIEDAD ANONIMA	22,000 (+10.0%)	$1M (+8.2%)	0.5%	$32.72	—	SPON ADR CL D	984245100
JCI	JOHNSON CONTROLS INTERNATION	2,951 (+5.4%)	$431K (+17.6%)	0.2%	$98.71	—	SHS	G51502105
BIDU	BAIDU INC	8,225 (+1.2%)	$940K (+3.8%)	0.5%	$86.11	—	SPON ADR REP A	056752108
TSN	TYSON FOODS INC	7,320 (+7.3%)	$419K (-4.1%)	0.2%	$57.19	—	CL A	902494103
MSI	MOTOROLA SOLUTIONS INC	1,630 (+2.5%)	$677K (-1.9%)	0.3%	$415.09	—	COM NEW	620076307
ONC	BEONE MEDICINES LTD	1,400 (+3.7%)	$399K (-0.5%)	0.2%	$303.14	—	SPONSORED ADS	07725L102
ONDS	ONDAS INC	21,473 (+10.3%)	$177K (+0.5%)	0.1%	$11.05	—	COM NEW	68236H204

Exited Positions (8)

CALM CAL MAINE FOODS INC 1.1%

Value $2.184M Shares 27,590 Est. Cost $90.22 Unrealized —

IPI INTREPID POTASH INC 0.5%

Value $1.06M Shares 24,790 Est. Cost $34.10 Unrealized —

INDA ISHARES TR 0.4%

Value $889K Shares 18,978 Est. Cost $55.66 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.3%

Value $590K Shares 4,500 Est. Cost $108.19 Unrealized —

IREN IREN LIMITED 0.1%

Value $295K Shares 8,620 Est. Cost $24.29 Unrealized —

ABT ABBOTT LABORATORIES 0.1%

Value $213K Shares 2,075 Est. Cost $130.60 Unrealized —

GSK GSK PLC 0.1%

Value $204K Shares 3,701 Est. Cost $55.18 Unrealized —

KEP KOREA ELEC PWR CORP 0.1%

Value $164K Shares 11,500 Est. Cost $16.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CALM	CAL MAINE FOODS INC	27,590	$2.184M	1.1%	$90.22	—	—	128030202
IPI	INTREPID POTASH INC	24,790	$1.06M	0.5%	$34.10	—	—	46121Y201
INDA	ISHARES TR	18,978	$889K	0.4%	$55.66	—	—	46429B598
AEP	AMERICAN ELEC PWR CO INC	4,500	$590K	0.3%	$108.19	—	—	025537101
IREN	IREN LIMITED	8,620	$295K	0.1%	$24.29	—	—	Q4982L109
ABT	ABBOTT LABORATORIES	2,075	$213K	0.1%	$130.60	—	—	002824100
GSK	GSK PLC	3,701	$204K	0.1%	$55.18	—	—	37733W204
KEP	KOREA ELEC PWR CORP	11,500	$164K	0.1%	$16.50	—	—	500631106

Decreased Positions (26)

GLW CORNING INC 5.4%

Value $10.7M (+83.7%) Shares 41,891 (-2.2%) Est. Cost $47.10 Unrealized —

DELL DELL TECHNOLOGIES INC 3.3%

Value $6.598M (+136.2%) Shares 15,292 (-10.2%) Est. Cost $101.32 Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 2.8%

Value $5.45M (+176.2%) Shares 20,040 (-4.7%) Est. Cost $131.33 Unrealized —

COHR COHERENT CORP 4.5%

Value $8.966M (+58.2%) Shares 22,730 (-4.5%) Est. Cost $71.97 Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 1.2%

Value $2.298M (+66.8%) Shares 50,942 (-12.0%) Est. Cost $22.65 Unrealized —

DAR DARLING INGREDIENTS INC 1.6%

Value $3.223M (-21.5%) Shares 59,000 (-11.1%) Est. Cost $33.17 Unrealized —

AMTM AMENTUM HOLDINGS INC 0.3%

Value $628K (-46.9%) Shares 30,400 (-33.0%) Est. Cost $25.56 Unrealized —

QCOM QUALCOMM INC 1.0%

Value $1.939M (+37.3%) Shares 10,492 (-4.3%) Est. Cost $145.31 Unrealized —

LPTH LIGHTPATH TECHNOLOGIES INC 0.4%

Value $873K (+54.3%) Shares 53,379 (-5.3%) Est. Cost $2.48 Unrealized —

PPTA PERPETUA RESOURCES CORP 0.3%

Value $683K (-30.4%) Shares 32,900 (-5.7%) Est. Cost $24.60 Unrealized —

SBSW SIBANYE STILLWATER LTD 0.3%

Value $518K (-32.2%) Shares 61,000 (-1.6%) Est. Cost $7.22 Unrealized —

CRESY CRESUD S A C I F Y A 0.7%

Value $1.464M (-13.2%) Shares 130,608 (-1.5%) Est. Cost $10.76 Unrealized —

HIMX HIMAX TECHNOLOGIES INC 0.2%

Value $477K (+83.1%) Shares 31,064 (-6.0%) Est. Cost $8.90 Unrealized —

NEM NEWMONT CORP 0.4%

Value $867K (-15.5%) Shares 9,286 (-2.1%) Est. Cost $52.90 Unrealized —

GNRC GENERAC HLDGS INC 0.2%

Value $454K (+47.1%) Shares 1,550 (-1.9%) Est. Cost $183.13 Unrealized —

TGS TRANSPORTADORA DE GAS DEL SU 0.4%

Value $711K (-16.9%) Shares 23,900 (-3.2%) Est. Cost $25.90 Unrealized —

FEIM FREQUENCY ELECTRS INC 0.2%

Value $445K (+43.5%) Shares 6,700 (-4.3%) Est. Cost $27.78 Unrealized —

WDS WOODSIDE ENERGY GROUP LTD 0.2%

Value $415K (-24.4%) Shares 21,500 (-6.5%) Est. Cost $23.88 Unrealized —

ICCC IMMUCELL CORP 0.2%

Value $456K (+32.5%) Shares 45,370 (-16.6%) Est. Cost $6.13 Unrealized —

UHAL/B U HAUL HOLDING COMPANY 0.2%

Value $385K (+20.2%) Shares 6,680 (-7.0%) Est. Cost $55.82 Unrealized —

INGR INGREDION INC 0.1%

Value $251K (-18.4%) Shares 2,652 (-2.9%) Est. Cost $135.02 Unrealized —

GGAL GRUPO FINANCIERO GALICIA S.A 0.4%

Value $741K (+4.3%) Shares 14,804 (-2.6%) Est. Cost $39.04 Unrealized —

TRP TC ENERGY CORP 0.3%

Value $517K (+4.6%) Shares 7,800 (-1.3%) Est. Cost $48.46 Unrealized —

MSA MSA SAFETY INC 0.3%

Value $551K (+3.2%) Shares 3,155 (-3.1%) Est. Cost $156.47 Unrealized —

XYL XYLEM INC 0.2%

Value $331K (-2.8%) Shares 2,802 (-1.8%) Est. Cost $120.19 Unrealized —

LSF LAIRD SUPERFOOD INC 0.0%

Value $47,000 (+9.3%) Shares 10,000 (-50.0%) Est. Cost $2.22 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLW	CORNING INC	41,891 (-2.2%)	$10.7M (+83.7%)	5.4%	$47.10	—	COM	219350105
DELL	DELL TECHNOLOGIES INC	15,292 (-10.2%)	$6.598M (+136.2%)	3.3%	$101.32	—	CL C	24703L202
CRDO	CREDO TECHNOLOGY GROUP HOLDI	20,040 (-4.7%)	$5.45M (+176.2%)	2.8%	$131.33	—	ORDINARY SHARES	G25457105
COHR	COHERENT CORP	22,730 (-4.5%)	$8.966M (+58.2%)	4.5%	$71.97	—	COM	19247G107
HPE	HEWLETT PACKARD ENTERPRISE C	50,942 (-12.0%)	$2.298M (+66.8%)	1.2%	$22.65	—	COM	42824C109
DAR	DARLING INGREDIENTS INC	59,000 (-11.1%)	$3.223M (-21.5%)	1.6%	$33.17	—	COM	237266101
AMTM	AMENTUM HOLDINGS INC	30,400 (-33.0%)	$628K (-46.9%)	0.3%	$25.56	—	COM	023939101
QCOM	QUALCOMM INC	10,492 (-4.3%)	$1.939M (+37.3%)	1.0%	$145.31	—	COM	747525103
LPTH	LIGHTPATH TECHNOLOGIES INC	53,379 (-5.3%)	$873K (+54.3%)	0.4%	$2.48	—	COM CL A	532257805
PPTA	PERPETUA RESOURCES CORP	32,900 (-5.7%)	$683K (-30.4%)	0.3%	$24.60	—	COM	714266103
SBSW	SIBANYE STILLWATER LTD	61,000 (-1.6%)	$518K (-32.2%)	0.3%	$7.22	—	SPONSORED ADR	82575P107
CRESY	CRESUD S A C I F Y A	130,608 (-1.5%)	$1.464M (-13.2%)	0.7%	$10.76	—	SPONSORED ADR	226406106
HIMX	HIMAX TECHNOLOGIES INC	31,064 (-6.0%)	$477K (+83.1%)	0.2%	$8.90	—	SPONSORED ADR	43289P106
NEM	NEWMONT CORP	9,286 (-2.1%)	$867K (-15.5%)	0.4%	$52.90	—	COM	651639106
GNRC	GENERAC HLDGS INC	1,550 (-1.9%)	$454K (+47.1%)	0.2%	$183.13	—	COM	368736104
TGS	TRANSPORTADORA DE GAS DEL SU	23,900 (-3.2%)	$711K (-16.9%)	0.4%	$25.90	—	SPONSORED ADS B	893870204
FEIM	FREQUENCY ELECTRS INC	6,700 (-4.3%)	$445K (+43.5%)	0.2%	$27.78	—	COM	358010106
WDS	WOODSIDE ENERGY GROUP LTD	21,500 (-6.5%)	$415K (-24.4%)	0.2%	$23.88	—	SPONSORED ADR	980228308
ICCC	IMMUCELL CORP	45,370 (-16.6%)	$456K (+32.5%)	0.2%	$6.13	—	COM PAR	452525306
UHAL/B	U HAUL HOLDING COMPANY	6,680 (-7.0%)	$385K (+20.2%)	0.2%	$55.82	—	COM SER N	023586506
INGR	INGREDION INC	2,652 (-2.9%)	$251K (-18.4%)	0.1%	$135.02	—	COM	457187102
GGAL	GRUPO FINANCIERO GALICIA S.A	14,804 (-2.6%)	$741K (+4.3%)	0.4%	$39.04	—	SPONSORED ADR	399909100
TRP	TC ENERGY CORP	7,800 (-1.3%)	$517K (+4.6%)	0.3%	$48.46	—	COM	87807B107
MSA	MSA SAFETY INC	3,155 (-3.1%)	$551K (+3.2%)	0.3%	$156.47	—	COM	553498106
XYL	XYLEM INC	2,802 (-1.8%)	$331K (-2.8%)	0.2%	$120.19	—	COM	98419M100
LSF	LAIRD SUPERFOOD INC	10,000 (-50.0%)	$47,000 (+9.3%)	0.0%	$2.22	—	COM STK	50736T102

Unchanged Positions (66)

STX SEAGATE TECHNOLOGY HLDNGS PL 3.7%

Value $7.218M Shares 7,480 Est. Cost $123.35 Unrealized —

AEM AGNICO EAGLE MINES LTD 5.8%

Value $11.44M Shares 73,769 Est. Cost $115.22 Unrealized —

XOM EXXON MOBIL CORP 5.2%

Value $10.34M Shares 75,636 Est. Cost $104.51 Unrealized —

JBL JABIL INC 1.8%

Value $3.519M Shares 9,130 Est. Cost $164.01 Unrealized —

AAPL APPLE INC 3.9%

Value $7.69M Shares 26,577 Est. Cost $206.95 Unrealized —

GOOGL ALPHABET INC 1.7%

Value $3.391M Shares 9,489 Est. Cost $166.21 Unrealized —

PANW PALO ALTO NETWORKS INC 0.6%

Value $1.14M Shares 3,344 Est. Cost $185.99 Unrealized —

INTC INTEL CORP 0.4%

Value $732K Shares 5,239 Est. Cost $46.43 Unrealized —

VISN VISTANCE NETWORKS INC 0.6%

Value $1.151M Shares 90,100 Est. Cost $17.90 Unrealized —

ECG EVERUS CONSTR GROUP 0.8%

Value $1.635M Shares 9,850 Est. Cost $89.47 Unrealized —

GS GOLDMAN SACHS GROUP INC 1.4%

Value $2.75M Shares 2,719 Est. Cost $584.87 Unrealized —

LLY ELI LILLY & CO 0.7%

Value $1.436M Shares 1,197 Est. Cost $955.55 Unrealized —

CVS CVS HEALTH CORP 0.5%

Value $949K Shares 9,175 Est. Cost $64.25 Unrealized —

AMZN AMAZON COM INC 1.0%

Value $1.951M Shares 8,187 Est. Cost $202.77 Unrealized —

BG BUNGE GLOBAL SA 0.6%

Value $1.104M Shares 10,343 Est. Cost $77.10 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 1.1%

Value $2.211M Shares 3,316 Est. Cost $483.14 Unrealized —

AROC ARCHROCK INC 0.6%

Value $1.221M Shares 30,000 Est. Cost $23.84 Unrealized —

WMT WALMART INC 0.8%

Value $1.667M Shares 14,719 Est. Cost $97.04 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.6%

Value $1.23M Shares 36,300 Est. Cost $18.02 Unrealized —

WTTR SELECT WATER SOLUTIONS INC 0.3%

Value $599K Shares 30,000 Est. Cost $8.64 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value $1.015M Shares 5,074 Est. Cost $151.19 Unrealized —

NVT NVENT ELEC PLC 0.2%

Value $411K Shares 2,423 Est. Cost $86.47 Unrealized —

GE GE AEROSPACE 0.2%

Value $474K Shares 1,267 Est. Cost $233.18 Unrealized —

NFLX NETFLIX INC. 0.2%

Value $305K Shares 4,273 Est. Cost $109.16 Unrealized —

GEV GE VERNOVA INC 0.2%

Value $369K Shares 314 Est. Cost $609.04 Unrealized —

ABBV ABBVIE INC 0.3%

Value $612K Shares 2,432 Est. Cost $183.70 Unrealized —

WMB WILLIAMS COS INC 1.9%

Value $3.698M Shares 49,750 Est. Cost $57.67 Unrealized —

SOBO SOUTH BOW CORP 0.6%

Value $1.195M Shares 33,920 Est. Cost $24.96 Unrealized —

NMIH NMI HLDGS INC 0.4%

Value $822K Shares 20,000 Est. Cost $37.57 Unrealized —

PSTL POSTAL REALTY TRUST INC 0.1%

Value $271K Shares 11,000 Est. Cost $14.73 Unrealized —

KMI KINDER MORGAN INC DEL 0.6%

Value $1.141M Shares 35,700 Est. Cost $26.76 Unrealized —

TSLA TESLA INC 0.3%

Value $561K Shares 1,334 Est. Cost $346.84 Unrealized —

CVX CHEVRON CORPORATION 0.1%

Value $247K Shares 1,488 Est. Cost $151.40 Unrealized —

FDX FEDEX CORP 0.2%

Value $390K Shares 1,247 Est. Cost $222.35 Unrealized —

BX BLACKSTONE INC 1.2%

Value $2.354M Shares 20,003 Est. Cost $135.11 Unrealized —

BAC BANK OF AMER CORP 0.2%

Value $361K Shares 6,338 Est. Cost $42.69 Unrealized —

PNR PENTAIR PLC 0.2%

Value $363K Shares 4,733 Est. Cost $92.89 Unrealized —

MRK MERCK & CO INC 0.3%

Value $681K Shares 5,299 Est. Cost $77.39 Unrealized —

PM PHILIP MORRIS INTL INC 0.2%

Value $468K Shares 2,589 Est. Cost $167.30 Unrealized —

OII OCEANEERING INTL INC 0.2%

Value $324K Shares 8,000 Est. Cost $30.60 Unrealized —

EPOL ISHARES TR 0.3%

Value $656K Shares 17,000 Est. Cost $32.26 Unrealized —

IDXX IDEXX LABS INC 0.3%

Value $553K Shares 1,050 Est. Cost $478.19 Unrealized —

TIPT TIPTREE INC 0.3%

Value $650K Shares 36,274 Est. Cost $20.36 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value $676K Shares 11,732 Est. Cost $47.53 Unrealized —

EMB ISHARES TR 0.6%

Value $1.278M Shares 13,251 Est. Cost $92.62 Unrealized —

EMBJ EMBRAER S.A. 0.2%

Value $466K Shares 7,300 Est. Cost $56.91 Unrealized —

JNJ JOHNSON & JOHNSON 0.4%

Value $838K Shares 3,301 Est. Cost $160.38 Unrealized —

JXN JACKSON FINANCIAL INC 0.5%

Value $914K Shares 8,930 Est. Cost $79.10 Unrealized —

MSFT MICROSOFT CORP 2.1%

Value $4.206M Shares 11,277 Est. Cost $437.49 Unrealized —

MO ALTRIA GROUP INC 0.2%

Value $322K Shares 4,474 Est. Cost $56.71 Unrealized —

RIO RIO TINTO PLC 0.7%

Value $1.426M Shares 15,020 Est. Cost $58.33 Unrealized —

NVS NOVARTIS AG 0.5%

Value $904K Shares 5,769 Est. Cost $121.17 Unrealized —

BTI BRITISH AMERN TOB PLC 0.2%

Value $367K Shares 5,950 Est. Cost $47.33 Unrealized —

VNM VANECK ETF TRUST 0.1%

Value $259K Shares 14,000 Est. Cost $13.75 Unrealized —

CNM CORE & MAIN INC 0.3%

Value $675K Shares 13,980 Est. Cost $53.49 Unrealized —

SONY SONY GROUP CORP 0.2%

Value $406K Shares 20,250 Est. Cost $26.03 Unrealized —

— NUVEEN MUN VALUE FD INC 0.3%

Value $609K Shares 66,000 Est. Cost $8.69 Unrealized —

RTX RTX CORPORATION 0.5%

Value $916K Shares 4,828 Est. Cost $131.75 Unrealized —

WY WEYERHAEUSER CO 0.4%

Value $720K Shares 30,075 Est. Cost $25.57 Unrealized —

AMBP ARDAGH METAL PACKAGING S A 0.0%

Value $94,800 Shares 20,000 Est. Cost $3.65 Unrealized —

ALVO ALVOTECH 0.1%

Value $131K Shares 35,395 Est. Cost $9.39 Unrealized —

KKR KKR & CO INC 0.5%

Value $991K Shares 10,800 Est. Cost $116.65 Unrealized —

META META PLATFORMS INC 0.2%

Value $314K Shares 557 Est. Cost $743.23 Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $231K Shares 1,576 Est. Cost $160.68 Unrealized —

ALIT ALIGHT INC 0.0%

Value $39,200 Shares 70,000 Est. Cost $5.18 Unrealized —

— NUVEEN SELECT TAX-FREE INCOM 0.2%

Value $429K Shares 30,000 Est. Cost $14.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STX	SEAGATE TECHNOLOGY HLDNGS PL	7,480	$7.218M	3.7%	$123.35	—	ORD SHS	G7997R103
AEM	AGNICO EAGLE MINES LTD	73,769	$11.44M	5.8%	$115.22	—	COM	008474108
XOM	EXXON MOBIL CORP	75,636	$10.34M	5.2%	$104.51	—	COM	30231G102
JBL	JABIL INC	9,130	$3.519M	1.8%	$164.01	—	COM	466313103
AAPL	APPLE INC	26,577	$7.69M	3.9%	$206.95	—	COM	037833100
GOOGL	ALPHABET INC	9,489	$3.391M	1.7%	$166.21	—	CAP STK CL A	02079K305
PANW	PALO ALTO NETWORKS INC	3,344	$1.14M	0.6%	$185.99	—	COM	697435105
INTC	INTEL CORP	5,239	$732K	0.4%	$46.43	—	COM	458140100
VISN	VISTANCE NETWORKS INC	90,100	$1.151M	0.6%	$17.90	—	COM	20337X109
ECG	EVERUS CONSTR GROUP	9,850	$1.635M	0.8%	$89.47	—	COM	300426103
GS	GOLDMAN SACHS GROUP INC	2,719	$2.75M	1.4%	$584.87	—	COM	38141G104
LLY	ELI LILLY & CO	1,197	$1.436M	0.7%	$955.55	—	COM	532457108
CVS	CVS HEALTH CORP	9,175	$949K	0.5%	$64.25	—	COM	126650100
AMZN	AMAZON COM INC	8,187	$1.951M	1.0%	$202.77	—	COM	023135106
BG	BUNGE GLOBAL SA	10,343	$1.104M	0.6%	$77.10	—	COM SHS	H11356104
TDY	TELEDYNE TECHNOLOGIES INC	3,316	$2.211M	1.1%	$483.14	—	COM	879360105
AROC	ARCHROCK INC	30,000	$1.221M	0.6%	$23.84	—	COM	03957W106
WMT	WALMART INC	14,719	$1.667M	0.8%	$97.04	—	COM	931142103
TEVA	TEVA PHARMACEUTICAL INDS LTD	36,300	$1.23M	0.6%	$18.02	—	SPONSORED ADS	881624209
WTTR	SELECT WATER SOLUTIONS INC	30,000	$599K	0.3%	$8.64	—	CL A COM	81617J301
NVDA	NVIDIA CORPORATION	5,074	$1.015M	0.5%	$151.19	—	COM	67066G104
NVT	NVENT ELEC PLC	2,423	$411K	0.2%	$86.47	—	SHS	G6700G107
GE	GE AEROSPACE	1,267	$474K	0.2%	$233.18	—	COM NEW	369604301
NFLX	NETFLIX INC.	4,273	$305K	0.2%	$109.16	—	COM	64110L106
GEV	GE VERNOVA INC	314	$369K	0.2%	$609.04	—	COM	36828A101
ABBV	ABBVIE INC	2,432	$612K	0.3%	$183.70	—	COM	00287Y109
WMB	WILLIAMS COS INC	49,750	$3.698M	1.9%	$57.67	—	COM	969457100
SOBO	SOUTH BOW CORP	33,920	$1.195M	0.6%	$24.96	—	COM	83671M105
NMIH	NMI HLDGS INC	20,000	$822K	0.4%	$37.57	—	COM	629209305
PSTL	POSTAL REALTY TRUST INC	11,000	$271K	0.1%	$14.73	—	CL A	73757R102
KMI	KINDER MORGAN INC DEL	35,700	$1.141M	0.6%	$26.76	—	COM	49456B101
TSLA	TESLA INC	1,334	$561K	0.3%	$346.84	—	COM	88160R101
CVX	CHEVRON CORPORATION	1,488	$247K	0.1%	$151.40	—	COM	166764100
FDX	FEDEX CORP	1,247	$390K	0.2%	$222.35	—	COM	31428X106
BX	BLACKSTONE INC	20,003	$2.354M	1.2%	$135.11	—	COM	09260D107
BAC	BANK OF AMER CORP	6,338	$361K	0.2%	$42.69	—	COM	060505104
PNR	PENTAIR PLC	4,733	$363K	0.2%	$92.89	—	SHS	G7S00T104
MRK	MERCK & CO INC	5,299	$681K	0.3%	$77.39	—	COM	58933Y105
PM	PHILIP MORRIS INTL INC	2,589	$468K	0.2%	$167.30	—	COM	718172109
OII	OCEANEERING INTL INC	8,000	$324K	0.2%	$30.60	—	COM	675232102
EPOL	ISHARES TR	17,000	$656K	0.3%	$32.26	—	MSCI POLAND ETF	46429B606
IDXX	IDEXX LABS INC	1,050	$553K	0.3%	$478.19	—	COM	45168D104
TIPT	TIPTREE INC	36,274	$650K	0.3%	$20.36	—	COM	88822Q103
BMY	BRISTOL-MYERS SQUIBB CO	11,732	$676K	0.3%	$47.53	—	COM	110122108
EMB	ISHARES TR	13,251	$1.278M	0.6%	$92.62	—	JPMORGAN USD EMG	464288281
EMBJ	EMBRAER S.A.	7,300	$466K	0.2%	$56.91	—	SPONSORED ADS	29082A107
JNJ	JOHNSON & JOHNSON	3,301	$838K	0.4%	$160.38	—	COM	478160104
JXN	JACKSON FINANCIAL INC	8,930	$914K	0.5%	$79.10	—	COM CL A	46817M107
MSFT	MICROSOFT CORP	11,277	$4.206M	2.1%	$437.49	—	COM	594918104
MO	ALTRIA GROUP INC	4,474	$322K	0.2%	$56.71	—	COM	02209S103
RIO	RIO TINTO PLC	15,020	$1.426M	0.7%	$58.33	—	SPONSORED ADR	767204100
NVS	NOVARTIS AG	5,769	$904K	0.5%	$121.17	—	SPONSORED ADR	66987V109
BTI	BRITISH AMERN TOB PLC	5,950	$367K	0.2%	$47.33	—	SPONSORED ADR	110448107
VNM	VANECK ETF TRUST	14,000	$259K	0.1%	$13.75	—	VANECK VIETNAM	92189F817
CNM	CORE & MAIN INC	13,980	$675K	0.3%	$53.49	—	CL A	21874C102
SONY	SONY GROUP CORP	20,250	$406K	0.2%	$26.03	—	SPONSORED ADR	835699307
—	NUVEEN MUN VALUE FD INC	66,000	$609K	0.3%	$8.69	—	COM	670928100
RTX	RTX CORPORATION	4,828	$916K	0.5%	$131.75	—	COM	75513E101
WY	WEYERHAEUSER CO	30,075	$720K	0.4%	$25.57	—	COM NEW	962166104
AMBP	ARDAGH METAL PACKAGING S A	20,000	$94,800	0.0%	$3.65	—	SHS	L02235106
ALVO	ALVOTECH	35,395	$131K	0.1%	$9.39	—	ORDINARY SHARES	L01800108
KKR	KKR & CO INC	10,800	$991K	0.5%	$116.65	—	COM	48251W104
META	META PLATFORMS INC	557	$314K	0.2%	$743.23	—	CL A	30303M102
PG	PROCTER & GAMBLE CO	1,576	$231K	0.1%	$160.68	—	COM	742718109
ALIT	ALIGHT INC	70,000	$39,200	0.0%	$5.18	—	COM CL A	01626W101
—	NUVEEN SELECT TAX-FREE INCOM	30,000	$429K	0.2%	$14.05	—	SH BEN INT	67062F100