Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	243,000 (+62.0%)	$181M (+86.0%)	30.5%	$617.85	—	PUT	78462F103
META	META PLATFORMS INC	15,964 (+150.0%)	$8.992M (+146.1%)	1.5%	$551.01	—	CL A	30303M102
AMZN	AMAZON COM INC	145,203 (+1.2%)	$34.61M (+15.9%)	5.8%	$143.68	—	COM	023135106
TDG	TRANSDIGM GROUP INC	7,754 (+1.2%)	$10.33M (+16.3%)	1.7%	$1347.58	—	COM	893641100
TMO	THERMO FISHER SCIENTIFIC INC	34,535 (+6.4%)	$17.31M (+8.6%)	2.9%	$547.59	—	COM	883556102
SNPS	SYNOPSYS INC	14,316 (+3.8%)	$6.386M (+16.8%)	1.1%	$554.53	—	COM	871607107
PHYS	SPROTT ASSET MANAGEMENT LP	290,467 (+9.0%)	$8.763M (-7.2%)	1.5%	$22.23	—	PHYSICAL GOLD TR	85207H104
BRK/B	BERKSHIRE HATHAWAY INC DEL	18,625 (+3.2%)	$9.32M (+7.8%)	1.6%	$313.97	—	CL B NEW	084670702
—	WELLS FARGO & CO	6,522 (+1.3%)	$7.546M (+1.5%)	1.3%	$1204.07	—	PERP PFD CNV A	949746804
NOC	NORTHROP GRUMMAN CORP	605 (+6.1%)	$308K (-20.8%)	0.1%	$437.38	—	COM	666807102
—	ENERGY TRANSFER L P	71,510 (+4.1%)	$820K (+3.1%)	0.1%	$11.57	—	9.250% FXD PFD I	29273V704
NOBL	PROSHARES TR	5,870 (+100.0%)	$330K (+6.0%)	0.1%	$81.08	—	S&P 500 DV ARIST	74348A467
SBEV	SPLASH BEVERAGE GROUP INC	123,648 (+76.6%)	$19,165 (-23.8%)	0.0%	$0.43	—	COM SHS	84862C302

Exited Positions (1)

HON HONEYWELL INTL INC 2.3%

Value $13.79M Shares 61,008 Est. Cost $183.76 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	61,008	$13.79M	2.3%	$183.76	—	—	438516106

Decreased Positions (18)

ASML ASML HLDG NV 4.5%

Value $26.88M (+41.7%) Shares 13,512 (-5.9%) Est. Cost $892.05 Unrealized —

ADI ANALOG DEVICES INC 3.2%

Value $18.88M (-22.6%) Shares 47,530 (-38.0%) Est. Cost $171.55 Unrealized —

ENTG ENTEGRIS INC 2.9%

Value $17.26M (+38.3%) Shares 95,964 (-9.9%) Est. Cost $93.45 Unrealized —

SPGI S&P GLOBAL INC 1.5%

Value $8.758M (-21.0%) Shares 21,505 (-17.5%) Est. Cost $394.70 Unrealized —

LRCX LAM RESEARCH CORP 1.1%

Value $6.835M (+45.6%) Shares 15,774 (-28.2%) Est. Cost $76.26 Unrealized —

DHR DANAHER CORP DEL 2.2%

Value $13.15M (-13.1%) Shares 69,059 (-13.5%) Est. Cost $210.58 Unrealized —

GOOGL ALPHABET INC 4.6%

Value $27.47M (+7.1%) Shares 76,858 (-13.8%) Est. Cost $120.62 Unrealized —

TXN TEXAS INSTRS INC 1.3%

Value $7.793M (+27.0%) Shares 26,146 (-17.3%) Est. Cost $162.01 Unrealized —

RTX RTX CORPORATION 1.6%

Value $9.669M (-12.5%) Shares 50,960 (-11.0%) Est. Cost $80.65 Unrealized —

BIL SPDR SERIES TRUST 0.0%

Value $218K (-82.4%) Shares 2,383 (-82.4%) Est. Cost $91.64 Unrealized —

GOOG ALPHABET INC 2.7%

Value $15.86M (-4.5%) Shares 44,885 (-22.5%) Est. Cost $115.99 Unrealized —

MKTW MARKETWISE INC 0.3%

Value $1.647M (-10.5%) Shares 92,316 (-6.1%) Est. Cost $14.57 Unrealized —

PM PHILIP MORRIS INTL INC 0.8%

Value $4.523M (+3.8%) Shares 25,004 (-5.2%) Est. Cost $80.87 Unrealized —

BAC BANK OF AMER CORP 0.9%

Value $5.461M (-1.8%) Shares 95,835 (-16.0%) Est. Cost $36.93 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value $1.202M (+6.2%) Shares 5,648 (-4.2%) Est. Cost $176.02 Unrealized —

FMX FOMENTO ECONOMICO MEXICANO S 0.1%

Value $492K (+12.0%) Shares 3,845 (-2.8%) Est. Cost $62.77 Unrealized —

FE FIRSTENERGY CORP 0.0%

Value $209K (-9.7%) Shares 4,405 (-3.8%) Est. Cost $40.27 Unrealized —

WMB WILLIAMS COS INC 1.4%

Value $8.049M (+0.1%) Shares 108,275 (-2.0%) Est. Cost $26.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HLDG NV	13,512 (-5.9%)	$26.88M (+41.7%)	4.5%	$892.05	—	N Y REGISTRY SHS	N07059210
ADI	ANALOG DEVICES INC	47,530 (-38.0%)	$18.88M (-22.6%)	3.2%	$171.55	—	COM	032654105
ENTG	ENTEGRIS INC	95,964 (-9.9%)	$17.26M (+38.3%)	2.9%	$93.45	—	COM	29362U104
SPGI	S&P GLOBAL INC	21,505 (-17.5%)	$8.758M (-21.0%)	1.5%	$394.70	—	COM	78409V104
LRCX	LAM RESEARCH CORP	15,774 (-28.2%)	$6.835M (+45.6%)	1.1%	$76.26	—	COM NEW	512807306
DHR	DANAHER CORP DEL	69,059 (-13.5%)	$13.15M (-13.1%)	2.2%	$210.58	—	COM	235851102
GOOGL	ALPHABET INC	76,858 (-13.8%)	$27.47M (+7.1%)	4.6%	$120.62	—	CAP STK CL A	02079K305
TXN	TEXAS INSTRS INC	26,146 (-17.3%)	$7.793M (+27.0%)	1.3%	$162.01	—	COM	882508104
RTX	RTX CORPORATION	50,960 (-11.0%)	$9.669M (-12.5%)	1.6%	$80.65	—	COM	75513E101
BIL	SPDR SERIES TRUST	2,383 (-82.4%)	$218K (-82.4%)	0.0%	$91.64	—	ST STR BLO 1 ETF	78468R663
GOOG	ALPHABET INC	44,885 (-22.5%)	$15.86M (-4.5%)	2.7%	$115.99	—	CAP STK CL C	02079K107
MKTW	MARKETWISE INC	92,316 (-6.1%)	$1.647M (-10.5%)	0.3%	$14.57	—	COM NEW CL A	57064P206
PM	PHILIP MORRIS INTL INC	25,004 (-5.2%)	$4.523M (+3.8%)	0.8%	$80.87	—	COM	718172109
BAC	BANK OF AMER CORP	95,835 (-16.0%)	$5.461M (-1.8%)	0.9%	$36.93	—	COM	060505104
RSP	INVESCO EXCHANGE TRADED FD T	5,648 (-4.2%)	$1.202M (+6.2%)	0.2%	$176.02	—	S&P500 EQL WGT	46137V357
FMX	FOMENTO ECONOMICO MEXICANO S	3,845 (-2.8%)	$492K (+12.0%)	0.1%	$62.77	—	SPON ADR UNITS	344419106
FE	FIRSTENERGY CORP	4,405 (-3.8%)	$209K (-9.7%)	0.0%	$40.27	—	COM	337932107
WMB	WILLIAMS COS INC	108,275 (-2.0%)	$8.049M (+0.1%)	1.4%	$26.52	—	COM	969457100

Unchanged Positions (33)

AMAT APPLIED MATLS INC 2.6%

Value $15.47M Shares 21,394 Est. Cost $147.23 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.8%

Value $4.62M Shares 37,525 Est. Cost $111.81 Unrealized —

V VISA INC 1.7%

Value $10.05M Shares 29,298 Est. Cost $258.57 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 1.3%

Value $7.965M Shares 11,944 Est. Cost $421.13 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.3%

Value $1.56M Shares 36,558 Est. Cost $85.82 Unrealized —

— BANK OF AMER CORP 2.6%

Value $15.25M Shares 12,158 Est. Cost $1187.96 Unrealized —

LIN LINDE PLC 2.1%

Value $12.54M Shares 24,156 Est. Cost $406.84 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.4%

Value $2.503M Shares 75,200 Est. Cost $51.92 Unrealized —

PEP PEPSICO INC 0.3%

Value $1.986M Shares 14,666 Est. Cost $147.94 Unrealized —

BDX BECTON DICKINSON & CO 1.2%

Value $7.029M Shares 46,448 Est. Cost $225.56 Unrealized —

GDX VANECK ETF TRUST 0.2%

Value $1.039M Shares 13,770 Est. Cost $39.35 Unrealized —

ETN EATON CORP PLC 0.2%

Value $1.38M Shares 3,238 Est. Cost $354.14 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value $1.601M Shares 8,000 Est. Cost $116.31 Unrealized —

MARA MARA HOLDINGS INC 0.1%

Value $347K Shares 25,000 Est. Cost $17.06 Unrealized —

AAPL APPLE INC 0.2%

Value $1.012M Shares 3,499 Est. Cost $150.67 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.2%

Value $1.01M Shares 12,062 Est. Cost $54.55 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $787K Shares 1,054 Est. Cost $617.85 Unrealized —

SPGP INVESCO EXCHANGE TRADED FD T 0.1%

Value $821K Shares 6,710 Est. Cost $87.70 Unrealized —

SGHC SUPER GROUP SGHC LIMITED 0.1%

Value $407K Shares 30,031 Est. Cost $3.41 Unrealized —

ASHR DBX ETF TR 0.1%

Value $646K Shares 17,610 Est. Cost $34.74 Unrealized —

AVGO BROADCOM INC 0.1%

Value $378K Shares 1,000 Est. Cost $215.92 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value $313K Shares 425 Est. Cost $577.18 Unrealized —

MOAT VANECK ETF TRUST 0.2%

Value $946K Shares 9,095 Est. Cost $70.71 Unrealized —

BN BROOKFIELD CORP 0.2%

Value $1.285M Shares 30,172 Est. Cost $39.79 Unrealized —

MSFT MICROSOFT CORP 3.9%

Value $23.36M Shares 62,618 Est. Cost $308.28 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.7%

Value $4.361M Shares 18,375 Est. Cost $170.60 Unrealized —

REGN REGENERON PHARMACEUTICALS 0.0%

Value $229K Shares 367 Est. Cost $564.28 Unrealized —

IHI ISHARES TR 0.1%

Value $548K Shares 11,091 Est. Cost $58.43 Unrealized —

HD HOME DEPOT INC 0.1%

Value $436K Shares 1,235 Est. Cost $316.99 Unrealized —

INDA ISHARES TR 0.1%

Value $504K Shares 10,196 Est. Cost $51.30 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.1%

Value $816K Shares 22,209 Est. Cost $32.30 Unrealized —

GUTS FRACTYL HEALTH INC 0.0%

Value $32,570 Shares 41,000 Est. Cost $1.20 Unrealized —

SUIG SUI GROUP HOLDINGS LIMITED 0.0%

Value $37,190 Shares 32,060 Est. Cost $2.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	21,394	$15.47M	2.6%	$147.23	—	COM	038222105
ICE	INTERCONTINENTAL EXCHANGE IN	37,525	$4.62M	0.8%	$111.81	—	COM	45866F104
V	VISA INC	29,298	$10.05M	1.7%	$258.57	—	COM CL A	92826C839
TDY	TELEDYNE TECHNOLOGIES INC	11,944	$7.965M	1.3%	$421.13	—	COM	879360105
BSX	BOSTON SCIENTIFIC CORP	36,558	$1.56M	0.3%	$85.82	—	COM	101137107
—	BANK OF AMER CORP	12,158	$15.25M	2.6%	$1187.96	—	7.25%CNV PFD L	060505682
LIN	LINDE PLC	24,156	$12.54M	2.1%	$406.84	—	SHS	G54950103
IBIT	ISHARES BITCOIN TRUST ETF	75,200	$2.503M	0.4%	$51.92	—	SHS BEN INT	46438F101
PEP	PEPSICO INC	14,666	$1.986M	0.3%	$147.94	—	COM	713448108
BDX	BECTON DICKINSON & CO	46,448	$7.029M	1.2%	$225.56	—	COM	075887109
GDX	VANECK ETF TRUST	13,770	$1.039M	0.2%	$39.35	—	GOLD MINERS ETF	92189F106
ETN	EATON CORP PLC	3,238	$1.38M	0.2%	$354.14	—	SHS	G29183103
NVDA	NVIDIA CORPORATION	8,000	$1.601M	0.3%	$116.31	—	COM	67066G104
MARA	MARA HOLDINGS INC	25,000	$347K	0.1%	$17.06	—	COM	565788106
AAPL	APPLE INC	3,499	$1.012M	0.2%	$150.67	—	COM	037833100
VEU	VANGUARD INTL EQUITY INDEX F	12,062	$1.01M	0.2%	$54.55	—	ALLWRLD EX US	922042775
SPY	STATE STR SPDR S&P 500 ETF T	1,054	$787K	0.1%	$617.85	—	TR UNIT	78462F103
SPGP	INVESCO EXCHANGE TRADED FD T	6,710	$821K	0.1%	$87.70	—	S&P 500 GARP ETF	46137V431
SGHC	SUPER GROUP SGHC LIMITED	30,031	$407K	0.1%	$3.41	—	ORD SHS	G8588X103
ASHR	DBX ETF TR	17,610	$646K	0.1%	$34.74	—	XTRACK HRVST CSI	233051879
AVGO	BROADCOM INC	1,000	$378K	0.1%	$215.92	—	COM	11135F101
QQQ	INVESCO QQQ TR	425	$313K	0.1%	$577.18	—	UNIT SER 1	46090E103
MOAT	VANECK ETF TRUST	9,095	$946K	0.2%	$70.71	—	MRNGSTR WDE MOAT	92189F643
BN	BROOKFIELD CORP	30,172	$1.285M	0.2%	$39.79	—	CL A LTD VT SH	11271J107
MSFT	MICROSOFT CORP	62,618	$23.36M	3.9%	$308.28	—	COM	594918104
FERG	FERGUSON ENTERPRISES INC	18,375	$4.361M	0.7%	$170.60	—	COMMON STOCK NEW	31488V107
REGN	REGENERON PHARMACEUTICALS	367	$229K	0.0%	$564.28	—	COM	75886F107
IHI	ISHARES TR	11,091	$548K	0.1%	$58.43	—	U.S. MED DVC ETF	464288810
HD	HOME DEPOT INC	1,235	$436K	0.1%	$316.99	—	COM	437076102
INDA	ISHARES TR	10,196	$504K	0.1%	$51.30	—	MSCI INDIA ETF	46429B598
EPD	ENTERPRISE PRODS PARTNERS L	22,209	$816K	0.1%	$32.30	—	COM	293792107
GUTS	FRACTYL HEALTH INC	41,000	$32,570	0.0%	$1.20	—	COM	35168W103
SUIG	SUI GROUP HOLDINGS LIMITED	32,060	$37,190	0.0%	$2.58	—	COM NEW	59982U200