Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SOXX	ISHARES TR	18,797	$12.04M	7.6%	$640.76	—	ISHARES SEMICDTR	464287523
MS	MORGAN STANLEY	47,734	$9.978M	6.3%	$209.04	—	COM NEW	617446448
CSCO	CISCO SYS INC	74,113	$8.705M	5.5%	$117.46	—	COM	17275R102
IBKR	INTERACTIVE BROKERS GROUP IN	90,809	$7.904M	5.0%	$87.04	—	COM CL A	45841N107
KLAC	KLA CORP	17,430	$5.259M	3.3%	$301.71	—	COM NEW	482480100
EWT	ISHARES INC	43,390	$4.713M	3.0%	$108.61	—	MSCI TAIWAN ETF	46434G772
EWJ	ISHARES INC	47,202	$4.403M	2.8%	$93.27	—	MSCI JAPAN ETF	46434G822
MU	MICRON TECHNOLOGY INC	3,613	$4.17M	2.6%	$1154.29	—	COM	595112103
EBAY	EBAY INC.	35,697	$3.989M	2.5%	$111.75	—	COM	278642103
SNDK	SANDISK CORP	1,668	$3.793M	2.4%	$2273.73	—	COM	80004C200
LLY	ELI LILLY & CO	3,065	$3.676M	2.3%	$1199.43	—	COM	532457108
EWY	ISHARES INC	16,480	$3.327M	2.1%	$201.90	—	MSCI STH KOR ETF	464286772
ADI	ANALOG DEVICES INC	8,223	$3.266M	2.1%	$397.17	—	COM	032654105
IWM	ISHARES TR	6,950	$2.088M	1.3%	$300.45	—	RUSSELL 2000 ETF	464287655
EPOL	ISHARES TR	4,750	$183K	0.1%	$38.61	—	MSCI POLAND ETF	46429B606
EIS	ISHARES INC	1,500	$181K	0.1%	$120.71	—	MSCI ISRAEL ETF	464286632

Increased Positions (6)

C CITIGROUP INC 6.9%

Value $11.03M (+192.1%) Shares 78,786 (+136.7%) Est. Cost $120.96 Unrealized —

GS GOLDMAN SACHS GROUP INC 6.8%

Value $10.78M (+196.6%) Shares 10,655 (+148.1%) Est. Cost $831.16 Unrealized —

CAT CATERPILLAR INC 6.3%

Value $9.97M (+167.0%) Shares 9,362 (+77.6%) Est. Cost $704.91 Unrealized —

XBI SPDR SERIES TRUST 5.4%

Value $8.591M (+123.2%) Shares 54,286 (+80.1%) Est. Cost $138.43 Unrealized —

DE DEERE & CO 3.7%

Value $5.886M (+88.7%) Shares 9,279 (+67.6%) Est. Cost $584.82 Unrealized —

PWR QUANTA SVCS INC 3.7%

Value $5.891M (+81.4%) Shares 8,182 (+38.3%) Est. Cost $550.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	78,786 (+136.7%)	$11.03M (+192.1%)	6.9%	$120.96	—	COM NEW	172967424
GS	GOLDMAN SACHS GROUP INC	10,655 (+148.1%)	$10.78M (+196.6%)	6.8%	$831.16	—	COM	38141G104
CAT	CATERPILLAR INC	9,362 (+77.6%)	$9.97M (+167.0%)	6.3%	$704.91	—	COM	149123101
XBI	SPDR SERIES TRUST	54,286 (+80.1%)	$8.591M (+123.2%)	5.4%	$138.43	—	ST STR SP BIOT	78464A870
DE	DEERE & CO	9,279 (+67.6%)	$5.886M (+88.7%)	3.7%	$584.82	—	COM	244199105
PWR	QUANTA SVCS INC	8,182 (+38.3%)	$5.891M (+81.4%)	3.7%	$550.94	—	COM	74762E102

Exited Positions (9)

VLO VALERO ENERGY CORP 2.5%

Value $4.005M Shares 16,210 Est. Cost $190.06 Unrealized —

BKR BAKER HUGHES CO 2.4%

Value $3.756M Shares 61,525 Est. Cost $56.08 Unrealized —

TJX TJX COS INC/THE 2.3%

Value $3.723M Shares 23,311 Est. Cost $147.70 Unrealized —

IBB ISHARES BIOTECHNOLOGY ETF 2.3%

Value $3.685M Shares 21,824 Est. Cost $168.77 Unrealized —

PH PARKER-HANNIFIN CORP 2.2%

Value $3.526M Shares 3,939 Est. Cost $367.97 Unrealized —

CCJ CAMECO CORP 2.2%

Value $3.505M Shares 32,274 Est. Cost $77.39 Unrealized —

APH AMPHENOL CORP 2.2%

Value $3.42M Shares 27,070 Est. Cost $81.39 Unrealized —

NEE NEXTERA ENERGY INC 2.1%

Value $3.405M Shares 36,655 Est. Cost $87.17 Unrealized —

GOOGL ALPHABET INC 2.1%

Value $3.33M Shares 11,579 Est. Cost $223.96 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VLO	VALERO ENERGY CORP	16,210	$4.005M	2.5%	$190.06	—	—	91913Y100
BKR	BAKER HUGHES CO	61,525	$3.756M	2.4%	$56.08	—	—	05722G100
TJX	TJX COS INC/THE	23,311	$3.723M	2.3%	$147.70	—	—	872540109
IBB	ISHARES BIOTECHNOLOGY ETF	21,824	$3.685M	2.3%	$168.77	—	—	464287556
PH	PARKER-HANNIFIN CORP	3,939	$3.526M	2.2%	$367.97	—	—	701094104
CCJ	CAMECO CORP	32,274	$3.505M	2.2%	$77.39	—	—	13321L108
APH	AMPHENOL CORP	27,070	$3.42M	2.2%	$81.39	—	—	032095101
NEE	NEXTERA ENERGY INC	36,655	$3.405M	2.1%	$87.17	—	—	65339F101
GOOGL	ALPHABET INC	11,579	$3.33M	2.1%	$223.96	—	—	02079K305

Decreased Positions (4)

RTX RTX CORPORATION 1.7%

Value $2.681M (-58.1%) Shares 14,130 (-57.4%) Est. Cost $127.41 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.2%

Value $5.079M (+33.8%) Shares 10,636 (-5.3%) Est. Cost $303.66 Unrealized —

AME AMETEK INC 2.5%

Value $4.033M (+11.2%) Shares 16,669 (-1.5%) Est. Cost $223.27 Unrealized —

AAPL APPLE INC 2.3%

Value $3.59M (+12.3%) Shares 12,408 (-1.5%) Est. Cost $268.34 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RTX	RTX CORPORATION	14,130 (-57.4%)	$2.681M (-58.1%)	1.7%	$127.41	—	COM	75513E101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	10,636 (-5.3%)	$5.079M (+33.8%)	3.2%	$303.66	—	SPONSORED ADS	874039100
AME	AMETEK INC	16,669 (-1.5%)	$4.033M (+11.2%)	2.5%	$223.27	—	COM	031100100
AAPL	APPLE INC	12,408 (-1.5%)	$3.59M (+12.3%)	2.3%	$268.34	—	COM	037833100

Unchanged Positions (2)

NVDA NVIDIA CORPORATION 7.0%

Value $11.13M Shares 55,647 Est. Cost $128.57 Unrealized —

NEM NEWMONT CORP 1.7%

Value $2.624M Shares 28,090 Est. Cost $69.39 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	55,647	$11.13M	7.0%	$128.57	—	COM	67066G104
NEM	NEWMONT CORP	28,090	$2.624M	1.7%	$69.39	—	COM	651639106