Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NPK	NATIONAL PRESTO INDS INC	147,634	$20.23M	2.5%	$123.31	0.0%	COM	637215104
APA	APA CORPORATION	373,347	$15.84M	1.9%	$26.43	0.0%	COM	03743Q108
INTU	INTUIT	27,247	$11.78M	1.4%	$497.56	0.0%	COM	461202103
CMCSA	COMCAST CORP NEW	363,428	$10.43M	1.3%	$29.82	0.0%	CL A	20030N101
MPC	MARATHON PETE CORP	38,987	$9.52M	1.2%	$184.70	0.0%	COM	56585A102
LTM	LATAM AIRLINES GROUP SA	98,523	$4.871M	0.6%	$49.44	—	SPONSORED ADR	51817R205
TEX	TEREX CORP NEW	35,023	$2.07M	0.3%	$62.32	0.0%	COM	880779103
AAP	ADVANCE AUTO PARTS INC	33,983	$1.793M	0.2%	$49.09	0.0%	COM	00751Y106
TNC	TENNANT CO	20,410	$1.355M	0.2%	$77.89	0.0%	COM	880345103
JXN	JACKSON FINANCIAL INC	9,608	$1.016M	0.1%	$114.95	0.0%	COM CL A	46817M107
CMC	COMMERCIAL METALS CO	15,577	$957K	0.1%	$76.95	0.0%	COM	201723103
BND	VANGUARD BD INDEX FDS	10,655	$785K	0.1%	$73.64	—	TOTAL BND MRKT	921937835
BOW	BOWHEAD SPECIALTY HLDGS INC	33,720	$756K	0.1%	$25.06	0.0%	COM SHS	10240L102

Increased Positions (58)

MTDR MATADOR RES CO 1.9%

Value $15.51M (+1528.5%) Shares 245,480 (+993.9%) Est. Cost $45.13 Unrealized +0.6%

MYE MYERS INDS INC 4.0%

Value $32.31M (+32.5%) Shares 1,525,716 (+17.1%) Est. Cost $16.91 Unrealized +23.6%

KDP KEURIG DR PEPPER INC 2.7%

Value $22.1M (+33.9%) Shares 839,297 (+42.5%) Est. Cost $28.82 Unrealized -1.7%

LEGH LEGACY HOUSING CORP 2.3%

Value $18.9M (+32.5%) Shares 925,319 (+26.6%) Est. Cost $23.68 Unrealized -9.9%

MSFT MICROSOFT CORP 1.9%

Value $15.82M (-21.6%) Shares 42,737 (+2.4%) Est. Cost $337.15 Unrealized +28.9%

ACVA ACV AUCTIONS INC 1.6%

Value $12.84M (+46.5%) Shares 3,028,642 (+177.2%) Est. Cost $7.82 Unrealized -2.0%

OPLN OPENLANE INC 4.6%

Value $37.36M (+10.7%) Shares 1,281,612 (+13.1%) Est. Cost $22.33 Unrealized +32.1%

AEP AMERICAN ELEC PWR CO INC 2.3%

Value $18.49M (+17.7%) Shares 141,085 (+3.5%) Est. Cost $91.58 Unrealized +31.6%

KB KB FINL GROUP INC 1.6%

Value $13.03M (+24.1%) Shares 130,613 (+7.0%) Est. Cost $55.81 Unrealized —

CME CME GROUP INC 2.3%

Value $19.09M (+12.0%) Shares 64,632 (+3.6%) Est. Cost $231.47 Unrealized +25.0%

LAMR LAMAR ADVERTISING CO 1.2%

Value $9.581M (+25.3%) Shares 75,641 (+25.2%) Est. Cost $104.92 Unrealized —

JBTM JBT MAREL CORPORATION 2.2%

Value $18M (-8.4%) Shares 140,747 (+7.9%) Est. Cost $112.17 Unrealized +42.3%

DAC DANAOS CORPORATION 0.7%

Value $5.34M (+43.0%) Shares 47,407 (+19.6%) Est. Cost $77.57 Unrealized +32.9%

GOOGL ALPHABET INC 3.3%

Value $26.82M (-5.5%) Shares 93,261 (+2.9%) Est. Cost $178.68 Unrealized +80.9%

MTG MGIC INVT CORP WIS 2.6%

Value $20.85M (-6.7%) Shares 794,323 (+3.9%) Est. Cost $23.20 Unrealized +16.5%

MPTI M-TRON INDS INC 0.4%

Value $3.379M (+78.3%) Shares 50,543 (+42.0%) Est. Cost $55.80 Unrealized +12.7%

TRS TRIMAS CORP 4.9%

Value $40.24M (+3.6%) Shares 1,119,686 (+2.2%) Est. Cost $28.21 Unrealized +25.9%

HUBB HUBBELL INC 1.4%

Value $11.67M (+12.0%) Shares 23,779 (+1.4%) Est. Cost $218.45 Unrealized +126.7%

SR SPIRE INC 0.2%

Value $1.716M (+229.5%) Shares 18,952 (+201.0%) Est. Cost $85.01 Unrealized —

HQY HEALTHEQUITY INC 0.4%

Value $3.076M (+59.4%) Shares 36,809 (+74.7%) Est. Cost $74.94 Unrealized +11.0%

VVV VALVOLINE INC 0.4%

Value $3.151M (+52.4%) Shares 93,557 (+31.5%) Est. Cost $30.75 Unrealized +12.2%

SGHC SUPER GROUP SGHC LIMITED 0.2%

Value $1.526M (+238.8%) Shares 141,263 (+274.8%) Est. Cost $10.37 Unrealized -5.0%

BTI BRITISH AMERN TOB PLC 0.9%

Value $7.615M (+14.2%) Shares 130,231 (+10.6%) Est. Cost $55.40 Unrealized —

GENI GENIUS SPORTS LIMITED 0.0%

Value $401K (-58.2%) Shares 90,412 (+4.0%) Est. Cost $5.91 Unrealized +40.5%

VCSH VANGUARD SCOTTSDALE FDS 0.5%

Value $3.681M (+16.0%) Shares 46,435 (+16.6%) Est. Cost $81.00 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 0.5%

Value $4.219M (+13.3%) Shares 50,986 (+14.7%) Est. Cost $88.67 Unrealized —

ALKT ALKAMI TECHNOLOGY INC 0.3%

Value $2.52M (-15.8%) Shares 160,791 (+24.0%) Est. Cost $25.18 Unrealized -22.8%

EEX EMERALD HOLDING INC 1.0%

Value $8.421M (+5.3%) Shares 1,867,195 (+4.4%) Est. Cost $4.54 Unrealized +4.5%

VUSB VANGUARD BD INDEX FDS 0.5%

Value $4.078M (+11.5%) Shares 81,920 (+11.6%) Est. Cost $49.72 Unrealized —

SHV ISHARES TR 0.5%

Value $4.097M (+11.1%) Shares 37,117 (+10.8%) Est. Cost $110.22 Unrealized —

META META PLATFORMS INC 1.2%

Value $10.05M (-3.8%) Shares 17,561 (+11.0%) Est. Cost $677.96 Unrealized -3.3%

JEF JEFFERIES FINANCIAL GROUP IN 0.3%

Value $2.478M (+18.8%) Shares 60,038 (+78.4%) Est. Cost $52.90 Unrealized +11.2%

IGSB ISHARES TR 0.3%

Value $2.335M (+19.7%) Shares 44,418 (+20.4%) Est. Cost $52.91 Unrealized —

ALSN ALLISON TRANSMISSION HLDGS I 0.2%

Value $1.55M (+24.6%) Shares 13,237 (+4.2%) Est. Cost $58.23 Unrealized +91.1%

ABBV ABBVIE INC 2.0%

Value $15.89M (-1.6%) Shares 73,072 (+3.4%) Est. Cost $118.75 Unrealized +87.4%

NVT NVENT ELEC PLC 0.2%

Value $1.435M (+19.6%) Shares 12,133 (+3.1%) Est. Cost $50.99 Unrealized +120.3%

CPRT COPART INC 0.1%

Value $923K (+30.7%) Shares 27,788 (+54.1%) Est. Cost $40.66 Unrealized -3.7%

PRGS PROGRESS SOFTWARE CORP 0.1%

Value $426K (-31.0%) Shares 16,597 (+15.6%) Est. Cost $53.96 Unrealized -24.4%

ACN ACCENTURE PLC IRELAND 0.3%

Value $2.47M (-7.0%) Shares 12,458 (+25.9%) Est. Cost $279.60 Unrealized -9.4%

RSP INVESCO EXCHANGE TRADED FD T 0.4%

Value $3.148M (+6.0%) Shares 16,405 (+5.8%) Est. Cost $145.74 Unrealized —

SNX TD SYNNEX CORPORATION 0.1%

Value $1.013M (+21.1%) Shares 6,003 (+7.8%) Est. Cost $153.18 Unrealized +2.8%

ACIW ACI WORLDWIDE INC 0.1%

Value $643K (+36.5%) Shares 15,667 (+59.2%) Est. Cost $45.67 Unrealized -6.1%

G GENPACT LIMITED 0.1%

Value $800K (-17.3%) Shares 21,479 (+3.9%) Est. Cost $43.75 Unrealized -2.6%

ABT ABBOTT LABORATORIES 0.1%

Value $1.136M (+17.1%) Shares 11,063 (+42.9%) Est. Cost $105.31 Unrealized +9.6%

TOST TOAST INC 0.1%

Value $578K (-21.4%) Shares 21,797 (+5.3%) Est. Cost $35.80 Unrealized -13.4%

RAL RALLIANT CORP 0.1%

Value $658K (-15.9%) Shares 15,827 (+2.9%) Est. Cost $46.94 Unrealized +4.8%

CALM CAL MAINE FOODS INC 0.4%

Value $3.592M (+2.9%) Shares 45,383 (+3.5%) Est. Cost $86.41 Unrealized -6.7%

FUL FULLER H B CO 0.1%

Value $719K (+15.9%) Shares 11,662 (+11.7%) Est. Cost $72.70 Unrealized -12.9%

AMPH AMPHASTAR PHARMACEUTICALS IN 0.1%

Value $496K (+22.2%) Shares 25,335 (+67.1%) Est. Cost $30.76 Unrealized -10.4%

CDW CDW CORP 0.2%

Value $1.419M (-4.9%) Shares 11,726 (+7.0%) Est. Cost $100.97 Unrealized +28.7%

SDY SPDR SERIES TRUST 0.0%

Value $316K (+30.2%) Shares 2,164 (+24.2%) Est. Cost $140.48 Unrealized —

IVZ INVESCO LTD 0.2%

Value $1.221M (+6.0%) Shares 50,281 (+14.6%) Est. Cost $24.72 Unrealized +11.0%

VEA VANGUARD TAX-MANAGED FDS 0.2%

Value $1.558M (+3.8%) Shares 24,316 (+1.2%) Est. Cost $44.43 Unrealized —

PATK PATRICK INDS INC 0.1%

Value $902K (+6.6%) Shares 8,119 (+4.0%) Est. Cost $62.19 Unrealized +107.8%

ACMR ACM RESH INC 0.1%

Value $1.114M (+3.3%) Shares 28,299 (+3.6%) Est. Cost $31.00 Unrealized +84.1%

NRG NRG ENERGY INC 0.2%

Value $1.739M (-1.7%) Shares 11,899 (+7.1%) Est. Cost $59.75 Unrealized +165.2%

UNM UNUM GROUP 0.2%

Value $1.321M (-1.6%) Shares 18,083 (+4.4%) Est. Cost $48.67 Unrealized +55.2%

BYD BOYD GAMING CORP 0.1%

Value $763K (-0.1%) Shares 9,286 (+3.6%) Est. Cost $65.82 Unrealized +29.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MTDR	MATADOR RES CO	245,480 (+993.9%)	$15.51M (+1528.5%)	1.9%	$45.13	+0.6%	COM	576485205
MYE	MYERS INDS INC	1,525,716 (+17.1%)	$32.31M (+32.5%)	4.0%	$16.91	+23.6%	COM	628464109
KDP	KEURIG DR PEPPER INC	839,297 (+42.5%)	$22.1M (+33.9%)	2.7%	$28.82	-1.7%	COM	49271V100
LEGH	LEGACY HOUSING CORP	925,319 (+26.6%)	$18.9M (+32.5%)	2.3%	$23.68	-9.9%	COM	52472M101
MSFT	MICROSOFT CORP	42,737 (+2.4%)	$15.82M (-21.6%)	1.9%	$337.15	+28.9%	COM	594918104
ACVA	ACV AUCTIONS INC	3,028,642 (+177.2%)	$12.84M (+46.5%)	1.6%	$7.82	-2.0%	COM CL A	00091G104
OPLN	OPENLANE INC	1,281,612 (+13.1%)	$37.36M (+10.7%)	4.6%	$22.33	+32.1%	COM	48238T109
AEP	AMERICAN ELEC PWR CO INC	141,085 (+3.5%)	$18.49M (+17.7%)	2.3%	$91.58	+31.6%	COM	025537101
KB	KB FINL GROUP INC	130,613 (+7.0%)	$13.03M (+24.1%)	1.6%	$55.81	—	SPONSORED ADR	48241A105
CME	CME GROUP INC	64,632 (+3.6%)	$19.09M (+12.0%)	2.3%	$231.47	+25.0%	COM	12572Q105
LAMR	LAMAR ADVERTISING CO	75,641 (+25.2%)	$9.581M (+25.3%)	1.2%	$104.92	—	CL A	512816109
JBTM	JBT MAREL CORPORATION	140,747 (+7.9%)	$18M (-8.4%)	2.2%	$112.17	+42.3%	COM	477839104
DAC	DANAOS CORPORATION	47,407 (+19.6%)	$5.34M (+43.0%)	0.7%	$77.57	+32.9%	SHS	Y1968P121
GOOGL	ALPHABET INC	93,261 (+2.9%)	$26.82M (-5.5%)	3.3%	$178.68	+80.9%	CAP STK CL A	02079K305
MTG	MGIC INVT CORP WIS	794,323 (+3.9%)	$20.85M (-6.7%)	2.6%	$23.20	+16.5%	COM	552848103
MPTI	M-TRON INDS INC	50,543 (+42.0%)	$3.379M (+78.3%)	0.4%	$55.80	+12.7%	COM	55380K109
TRS	TRIMAS CORP	1,119,686 (+2.2%)	$40.24M (+3.6%)	4.9%	$28.21	+25.9%	COM NEW	896215209
HUBB	HUBBELL INC	23,779 (+1.4%)	$11.67M (+12.0%)	1.4%	$218.45	+126.7%	COM	443510607
SR	SPIRE INC	18,952 (+201.0%)	$1.716M (+229.5%)	0.2%	$85.01	—	COM	84857L101
HQY	HEALTHEQUITY INC	36,809 (+74.7%)	$3.076M (+59.4%)	0.4%	$74.94	+11.0%	COM	42226A107
VVV	VALVOLINE INC	93,557 (+31.5%)	$3.151M (+52.4%)	0.4%	$30.75	+12.2%	COM	92047W101
SGHC	SUPER GROUP SGHC LIMITED	141,263 (+274.8%)	$1.526M (+238.8%)	0.2%	$10.37	-5.0%	ORD SHS	G8588X103
BTI	BRITISH AMERN TOB PLC	130,231 (+10.6%)	$7.615M (+14.2%)	0.9%	$55.40	—	SPONSORED ADR	110448107
GENI	GENIUS SPORTS LIMITED	90,412 (+4.0%)	$401K (-58.2%)	0.0%	$5.91	+40.5%	SHARES CL A	G3934V109
VCSH	VANGUARD SCOTTSDALE FDS	46,435 (+16.6%)	$3.681M (+16.0%)	0.5%	$81.00	—	SHRT TRM CORP BD	92206C409
VCIT	VANGUARD SCOTTSDALE FDS	50,986 (+14.7%)	$4.219M (+13.3%)	0.5%	$88.67	—	INT-TERM CORP	92206C870
ALKT	ALKAMI TECHNOLOGY INC	160,791 (+24.0%)	$2.52M (-15.8%)	0.3%	$25.18	-22.8%	COM	01644J108
EEX	EMERALD HOLDING INC	1,867,195 (+4.4%)	$8.421M (+5.3%)	1.0%	$4.54	+4.5%	COM	29103W104
VUSB	VANGUARD BD INDEX FDS	81,920 (+11.6%)	$4.078M (+11.5%)	0.5%	$49.72	—	VANGUARD ULTRA	92203C303
SHV	ISHARES TR	37,117 (+10.8%)	$4.097M (+11.1%)	0.5%	$110.22	—	TRUST ISHARE 0-1	464288679
META	META PLATFORMS INC	17,561 (+11.0%)	$10.05M (-3.8%)	1.2%	$677.96	-3.3%	CL A	30303M102
JEF	JEFFERIES FINANCIAL GROUP IN	60,038 (+78.4%)	$2.478M (+18.8%)	0.3%	$52.90	+11.2%	COM	47233W109
IGSB	ISHARES TR	44,418 (+20.4%)	$2.335M (+19.7%)	0.3%	$52.91	—	ISHS 1-5YR INVS	464288646
ALSN	ALLISON TRANSMISSION HLDGS I	13,237 (+4.2%)	$1.55M (+24.6%)	0.2%	$58.23	+91.1%	COM	01973R101
ABBV	ABBVIE INC	73,072 (+3.4%)	$15.89M (-1.6%)	2.0%	$118.75	+87.4%	COM	00287Y109
NVT	NVENT ELEC PLC	12,133 (+3.1%)	$1.435M (+19.6%)	0.2%	$50.99	+120.3%	SHS	G6700G107
CPRT	COPART INC	27,788 (+54.1%)	$923K (+30.7%)	0.1%	$40.66	-3.7%	COM	217204106
PRGS	PROGRESS SOFTWARE CORP	16,597 (+15.6%)	$426K (-31.0%)	0.1%	$53.96	-24.4%	COM	743312100
ACN	ACCENTURE PLC IRELAND	12,458 (+25.9%)	$2.47M (-7.0%)	0.3%	$279.60	-9.4%	SHS CLASS A	G1151C101
RSP	INVESCO EXCHANGE TRADED FD T	16,405 (+5.8%)	$3.148M (+6.0%)	0.4%	$145.74	—	S&P500 EQL WGT	46137V357
SNX	TD SYNNEX CORPORATION	6,003 (+7.8%)	$1.013M (+21.1%)	0.1%	$153.18	+2.8%	COM	87162W100
ACIW	ACI WORLDWIDE INC	15,667 (+59.2%)	$643K (+36.5%)	0.1%	$45.67	-6.1%	COM	004498101
G	GENPACT LIMITED	21,479 (+3.9%)	$800K (-17.3%)	0.1%	$43.75	-2.6%	SHS	G3922B107
ABT	ABBOTT LABORATORIES	11,063 (+42.9%)	$1.136M (+17.1%)	0.1%	$105.31	+9.6%	COM	002824100
TOST	TOAST INC	21,797 (+5.3%)	$578K (-21.4%)	0.1%	$35.80	-13.4%	CL A	888787108
RAL	RALLIANT CORP	15,827 (+2.9%)	$658K (-15.9%)	0.1%	$46.94	+4.8%	COM	750940108
CALM	CAL MAINE FOODS INC	45,383 (+3.5%)	$3.592M (+2.9%)	0.4%	$86.41	-6.7%	COM NEW	128030202
FUL	FULLER H B CO	11,662 (+11.7%)	$719K (+15.9%)	0.1%	$72.70	-12.9%	COM	359694106
AMPH	AMPHASTAR PHARMACEUTICALS IN	25,335 (+67.1%)	$496K (+22.2%)	0.1%	$30.76	-10.4%	COM	03209R103
CDW	CDW CORP	11,726 (+7.0%)	$1.419M (-4.9%)	0.2%	$100.97	+28.7%	COM	12514G108
SDY	SPDR SERIES TRUST	2,164 (+24.2%)	$316K (+30.2%)	0.0%	$140.48	—	STATE STREET SPD	78464A763
IVZ	INVESCO LTD	50,281 (+14.6%)	$1.221M (+6.0%)	0.2%	$24.72	+11.0%	SHS	G491BT108
VEA	VANGUARD TAX-MANAGED FDS	24,316 (+1.2%)	$1.558M (+3.8%)	0.2%	$44.43	—	VAN FTSE DEV MKT	921943858
PATK	PATRICK INDS INC	8,119 (+4.0%)	$902K (+6.6%)	0.1%	$62.19	+107.8%	COM	703343103
ACMR	ACM RESH INC	28,299 (+3.6%)	$1.114M (+3.3%)	0.1%	$31.00	+84.1%	COM CL A	00108J109
NRG	NRG ENERGY INC	11,899 (+7.1%)	$1.739M (-1.7%)	0.2%	$59.75	+165.2%	COM NEW	629377508
UNM	UNUM GROUP	18,083 (+4.4%)	$1.321M (-1.6%)	0.2%	$48.67	+55.2%	COM	91529Y106
BYD	BOYD GAMING CORP	9,286 (+3.6%)	$763K (-0.1%)	0.1%	$65.82	+29.4%	COM	103304101

Exited Positions (19)

UL UNILEVER PLC 0.8%

Value $6.322M Shares 96,671 Est. Cost $65.40 Unrealized —

HMC HONDA MOTOR LTD 0.5%

Value $4.193M Shares 142,234 Est. Cost $31.73 Unrealized —

— REV GROUP INC 0.4%

Value $2.87M Shares 47,204 Est. Cost $47.59 Unrealized —

ACWI ISHARES TR 0.3%

Value $2.289M Shares 16,180 Est. Cost $140.92 Unrealized —

DRVN DRIVEN BRANDS HLDGS INC 0.3%

Value $2.167M Shares 146,201 Est. Cost $17.42 Unrealized -9.2%

NCNO NCINO INC 0.2%

Value $1.691M Shares 65,965 Est. Cost $35.77 Unrealized -42.0%

IWM ISHARES TR 0.2%

Value $1.32M Shares 5,364 Est. Cost $246.16 Unrealized —

OSW ONESPAWORLD HOLDINGS LIMITED 0.1%

Value $1.206M Shares 58,171 Est. Cost $12.46 Unrealized +69.6%

GTES GATES INDL CORP PLC 0.1%

Value $1.116M Shares 51,984 Est. Cost $15.94 Unrealized +54.8%

WSR WHITESTONE REIT 0.1%

Value $928K Shares 66,829 Est. Cost $11.26 Unrealized —

SHY ISHARES TR 0.1%

Value $924K Shares 11,154 Est. Cost $81.76 Unrealized —

UFPI UFP INDUSTRIES INC 0.1%

Value $916K Shares 10,063 Est. Cost $87.22 Unrealized +21.8%

HRB BLOCK H & R INC 0.1%

Value $764K Shares 17,526 Est. Cost $38.21 Unrealized -2.8%

PI IMPINJ INC 0.1%

Value $674K Shares 3,873 Est. Cost $84.26 Unrealized +80.4%

BRBR BELLRING BRANDS INC 0.1%

Value $625K Shares 23,379 Est. Cost $53.39 Unrealized -58.4%

ADUS ADDUS HOMECARE CORP 0.1%

Value $604K Shares 5,623 Est. Cost $91.09 Unrealized +20.0%

RS RELIANCE INC 0.1%

Value $547K Shares 1,892 Est. Cost $131.56 Unrealized +148.4%

MICC MAGNUM ICE CREAM CO NV 0.0%

Value $301K Shares 18,967 Est. Cost $15.68 Unrealized +7.2%

CTLP CANTALOUPE INC 0.0%

Value $264K Shares 24,860 Est. Cost $6.87 Unrealized +54.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UL	UNILEVER PLC	96,671	$6.322M	0.8%	$65.40	—	—	904767803
HMC	HONDA MOTOR LTD	142,234	$4.193M	0.5%	$31.73	—	—	438128308
—	REV GROUP INC	47,204	$2.87M	0.4%	$47.59	—	—	749527107
ACWI	ISHARES TR	16,180	$2.289M	0.3%	$140.92	—	—	464288257
DRVN	DRIVEN BRANDS HLDGS INC	146,201	$2.167M	0.3%	$17.42	-9.2%	—	26210V102
NCNO	NCINO INC	65,965	$1.691M	0.2%	$35.77	-42.0%	—	63947X101
IWM	ISHARES TR	5,364	$1.32M	0.2%	$246.16	—	—	464287655
OSW	ONESPAWORLD HOLDINGS LIMITED	58,171	$1.206M	0.1%	$12.46	+69.6%	—	P73684113
GTES	GATES INDL CORP PLC	51,984	$1.116M	0.1%	$15.94	+54.8%	—	G39108108
WSR	WHITESTONE REIT	66,829	$928K	0.1%	$11.26	—	—	966084204
SHY	ISHARES TR	11,154	$924K	0.1%	$81.76	—	—	464287457
UFPI	UFP INDUSTRIES INC	10,063	$916K	0.1%	$87.22	+21.8%	—	90278Q108
HRB	BLOCK H & R INC	17,526	$764K	0.1%	$38.21	-2.8%	—	093671105
PI	IMPINJ INC	3,873	$674K	0.1%	$84.26	+80.4%	—	453204109
BRBR	BELLRING BRANDS INC	23,379	$625K	0.1%	$53.39	-58.4%	—	07831C103
ADUS	ADDUS HOMECARE CORP	5,623	$604K	0.1%	$91.09	+20.0%	—	006739106
RS	RELIANCE INC	1,892	$547K	0.1%	$131.56	+148.4%	—	759509102
MICC	MAGNUM ICE CREAM CO NV	18,967	$301K	0.0%	$15.68	+7.2%	—	N5505D105
CTLP	CANTALOUPE INC	24,860	$264K	0.0%	$6.87	+54.3%	—	138103106

Decreased Positions (53)

PHIN PHINIA INC 0.3%

Value $2.546M (-84.9%) Shares 37,203 (-86.2%) Est. Cost $38.72 Unrealized +85.0%

TPR TAPESTRY INC 2.2%

Value $17.52M (-40.7%) Shares 124,176 (-46.3%) Est. Cost $59.96 Unrealized +132.8%

DJCO DAILY JOURNAL CORP 2.5%

Value $20.2M (-36.8%) Shares 41,873 (-36.1%) Est. Cost $432.66 Unrealized +32.6%

PM PHILIP MORRIS INTL INC 2.4%

Value $19.77M (-31.0%) Shares 119,550 (-33.0%) Est. Cost $118.11 Unrealized +48.9%

AVGO BROADCOM INC 2.4%

Value $19.71M (-30.9%) Shares 63,687 (-22.7%) Est. Cost $157.74 Unrealized +111.8%

PFGC PERFORMANCE FOOD GROUP CO 0.6%

Value $4.604M (-62.3%) Shares 53,752 (-60.4%) Est. Cost $48.75 Unrealized +92.9%

HLLY HOLLEY INC 0.1%

Value $1.003M (-87.4%) Shares 326,561 (-83.1%) Est. Cost $2.98 Unrealized +38.9%

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.4%

Value $27.64M (-14.7%) Shares 81,785 (-23.3%) Est. Cost $150.41 Unrealized —

GSK GSK PLC 1.4%

Value $11.27M (-29.0%) Shares 204,282 (-36.9%) Est. Cost $39.09 Unrealized —

SGOV ISHARES TR 0.7%

Value $6.051M (-16.5%) Shares 60,111 (-16.7%) Est. Cost $100.50 Unrealized —

AX AXOS FINANCIAL INC 0.2%

Value $1.439M (-42.4%) Shares 16,917 (-41.7%) Est. Cost $69.83 Unrealized +35.5%

ARES ARES MANAGEMENT CORPORATION 0.2%

Value $1.725M (-37.6%) Shares 15,811 (-7.6%) Est. Cost $90.04 Unrealized +65.0%

PRSU PURSUIT ATTRACTIONS AND HOSP 3.0%

Value $24.37M (+4.1%) Shares 665,228 (-4.3%) Est. Cost $29.23 Unrealized +20.9%

SPY STATE STR SPDR S&P 500 ETF T 0.0%

Value $394K (-67.9%) Shares 606 (-66.3%) Est. Cost $661.97 Unrealized —

BELFB BEL FUSE INC 2.9%

Value $23.63M (+3.4%) Shares 119,364 (-11.4%) Est. Cost $64.04 Unrealized +228.4%

ORCL ORACLE CORP 0.2%

Value $1.761M (-30.0%) Shares 11,971 (-7.3%) Est. Cost $123.92 Unrealized +36.9%

WBS WEBSTER FINL CORP 0.3%

Value $2.15M (-23.8%) Shares 30,968 (-31.0%) Est. Cost $58.11 Unrealized +17.4%

NIC NICOLET BANKSHARES INC 0.7%

Value $5.375M (+11.9%) Shares 36,163 (-8.7%) Est. Cost $74.38 Unrealized +93.1%

LRCX LAM RESEARCH CORP 0.5%

Value $4.263M (-11.4%) Shares 19,951 (-29.0%) Est. Cost $78.34 Unrealized +188.4%

ABG ASBURY AUTOMOTIVE GROUP INC 0.3%

Value $2.246M (-19.0%) Shares 11,495 (-3.6%) Est. Cost $174.95 Unrealized +35.1%

GLUE MONTE ROSA THERAPEUTICS INC 0.1%

Value $514K (-48.2%) Shares 31,236 (-50.6%) Est. Cost $13.48 Unrealized +53.3%

TAP MOLSON COORS BEVERAGE CO 0.4%

Value $3.239M (-12.8%) Shares 75,226 (-5.4%) Est. Cost $47.65 Unrealized +3.8%

LMT LOCKHEED MARTIN CORP 0.4%

Value $3.259M (+15.7%) Shares 5,392 (-7.4%) Est. Cost $420.65 Unrealized +42.8%

AAPL APPLE INC 0.3%

Value $2.765M (-13.7%) Shares 10,895 (-7.6%) Est. Cost $212.67 Unrealized +23.6%

WAL WESTERN ALLIANCE BANCORP 0.2%

Value $1.854M (-17.7%) Shares 26,163 (-2.4%) Est. Cost $75.73 Unrealized +18.8%

HD HOME DEPOT INC 0.4%

Value $2.984M (-10.8%) Shares 9,074 (-6.7%) Est. Cost $328.85 Unrealized +14.6%

EHC ENCOMPASS HEALTH CORP 0.2%

Value $1.463M (-19.3%) Shares 15,128 (-11.5%) Est. Cost $69.65 Unrealized +47.8%

AXP AMERICAN EXPRESS CO 0.1%

Value $1.202M (-22.0%) Shares 3,973 (-4.7%) Est. Cost $80.07 Unrealized +344.8%

BAC BANK AMERICA CORP 0.2%

Value $1.389M (-19.0%) Shares 28,487 (-8.6%) Est. Cost $30.91 Unrealized +73.6%

FLYW FLYWIRE CORPORATION 0.2%

Value $1.263M (-18.8%) Shares 108,514 (-1.3%) Est. Cost $12.30 Unrealized +2.9%

NTAP NETAPP INC 0.3%

Value $2.123M (-11.6%) Shares 20,737 (-7.5%) Est. Cost $87.07 Unrealized +17.0%

EME EMCOR GROUP INC 0.3%

Value $2.676M (+10.8%) Shares 3,624 (-8.2%) Est. Cost $410.54 Unrealized +77.0%

JPM JPMORGAN CHASE & CO 0.2%

Value $1.54M (-14.4%) Shares 5,234 (-6.2%) Est. Cost $89.86 Unrealized +246.6%

EXP EAGLE MATLS INC 0.3%

Value $2.465M (-9.5%) Shares 13,011 (-1.3%) Est. Cost $211.49 Unrealized +6.4%

RRX REGAL REXNORD CORPORATION 0.1%

Value $1.146M (+23.8%) Shares 6,119 (-7.3%) Est. Cost $147.16 Unrealized +23.0%

ESI ELEMENT SOLUTIONS INC 0.2%

Value $1.421M (+15.7%) Shares 41,617 (-15.3%) Est. Cost $15.60 Unrealized +95.4%

UNH UNITEDHEALTH GROUP INC 0.1%

Value $575K (-22.3%) Shares 2,125 (-5.2%) Est. Cost $273.03 Unrealized +13.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value $1.452M (-9.5%) Shares 3,031 (-5.1%) Est. Cost $208.41 Unrealized +136.8%

STLD STEEL DYNAMICS INC 0.5%

Value $3.782M (-2.2%) Shares 21,012 (-8.0%) Est. Cost $90.85 Unrealized +102.7%

MTN VAIL RESORTS INC 0.2%

Value $1.61M (-4.6%) Shares 12,545 (-1.3%) Est. Cost $148.39 Unrealized -7.1%

AZO AUTOZONE INC 0.2%

Value $1.226M (-5.4%) Shares 363 (-5.0%) Est. Cost $1443.17 Unrealized +151.2%

FRME FIRST MERCHANTS CORP 0.3%

Value $2.619M (+2.1%) Shares 67,634 (-1.2%) Est. Cost $30.88 Unrealized +29.1%

CPK CHESAPEAKE UTILS CORP 0.1%

Value $1.163M (-4.1%) Shares 9,206 (-5.4%) Est. Cost $95.27 Unrealized +34.6%

ACA ARCOSA INC 0.4%

Value $3.33M (-1.4%) Shares 31,374 (-1.3%) Est. Cost $91.54 Unrealized +28.6%

MCD MCDONALDS CORP 0.1%

Value $1.122M (-3.9%) Shares 3,611 (-5.5%) Est. Cost $231.93 Unrealized +36.8%

TJX TJX COS INC NEW 0.2%

Value $1.472M (-2.5%) Shares 9,218 (-6.2%) Est. Cost $47.27 Unrealized +226.3%

CVX CHEVRON CORPORATION 0.1%

Value $1.152M (-2.9%) Shares 5,566 (-28.5%) Est. Cost $101.05 Unrealized +70.1%

XBI SPDR SERIES TRUST 0.2%

Value $1.403M (+2.1%) Shares 10,981 (-2.6%) Est. Cost $84.13 Unrealized —

COP CONOCOPHILLIPS 0.1%

Value $996K (+2.8%) Shares 7,543 (-27.1%) Est. Cost $100.95 Unrealized +1.7%

SUPN SUPERNUS PHARMACEUTICALS 0.1%

Value $1.013M (+2.0%) Shares 19,595 (-1.9%) Est. Cost $31.88 Unrealized +58.4%

UNP UNION PAC CORP 0.2%

Value $1.397M (-1.1%) Shares 5,759 (-5.7%) Est. Cost $119.34 Unrealized +103.9%

SYBT STOCK YDS BANCORP INC 0.2%

Value $1.291M (+0.4%) Shares 19,476 (-1.6%) Est. Cost $57.68 Unrealized +18.1%

AMGN AMGEN INC 0.4%

Value $3.104M (-0.2%) Shares 8,822 (-7.1%) Est. Cost $286.59 Unrealized +22.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PHIN	PHINIA INC	37,203 (-86.2%)	$2.546M (-84.9%)	0.3%	$38.72	+85.0%	COMMON STOCK	71880K101
TPR	TAPESTRY INC	124,176 (-46.3%)	$17.52M (-40.7%)	2.2%	$59.96	+132.8%	COM	876030107
DJCO	DAILY JOURNAL CORP	41,873 (-36.1%)	$20.2M (-36.8%)	2.5%	$432.66	+32.6%	COM	233912104
PM	PHILIP MORRIS INTL INC	119,550 (-33.0%)	$19.77M (-31.0%)	2.4%	$118.11	+48.9%	COM	718172109
AVGO	BROADCOM INC	63,687 (-22.7%)	$19.71M (-30.9%)	2.4%	$157.74	+111.8%	COM	11135F101
PFGC	PERFORMANCE FOOD GROUP CO	53,752 (-60.4%)	$4.604M (-62.3%)	0.6%	$48.75	+92.9%	COM	71377A103
HLLY	HOLLEY INC	326,561 (-83.1%)	$1.003M (-87.4%)	0.1%	$2.98	+38.9%	COM	43538H103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	81,785 (-23.3%)	$27.64M (-14.7%)	3.4%	$150.41	—	SPONSORED ADS	874039100
GSK	GSK PLC	204,282 (-36.9%)	$11.27M (-29.0%)	1.4%	$39.09	—	SPONSORED ADR	37733W204
SGOV	ISHARES TR	60,111 (-16.7%)	$6.051M (-16.5%)	0.7%	$100.50	—	0-3 MNTH TREASRY	46436E718
AX	AXOS FINANCIAL INC	16,917 (-41.7%)	$1.439M (-42.4%)	0.2%	$69.83	+35.5%	COM	05465C100
ARES	ARES MANAGEMENT CORPORATION	15,811 (-7.6%)	$1.725M (-37.6%)	0.2%	$90.04	+65.0%	CL A COM STK	03990B101
PRSU	PURSUIT ATTRACTIONS AND HOSP	665,228 (-4.3%)	$24.37M (+4.1%)	3.0%	$29.23	+20.9%	COM	92552R406
SPY	STATE STR SPDR S&P 500 ETF T	606 (-66.3%)	$394K (-67.9%)	0.0%	$661.97	—	TR UNIT	78462F103
BELFB	BEL FUSE INC	119,364 (-11.4%)	$23.63M (+3.4%)	2.9%	$64.04	+228.4%	CL B	077347300
ORCL	ORACLE CORP	11,971 (-7.3%)	$1.761M (-30.0%)	0.2%	$123.92	+36.9%	COM	68389X105
WBS	WEBSTER FINL CORP	30,968 (-31.0%)	$2.15M (-23.8%)	0.3%	$58.11	+17.4%	COM	947890109
NIC	NICOLET BANKSHARES INC	36,163 (-8.7%)	$5.375M (+11.9%)	0.7%	$74.38	+93.1%	COM	65406E102
LRCX	LAM RESEARCH CORP	19,951 (-29.0%)	$4.263M (-11.4%)	0.5%	$78.34	+188.4%	COM NEW	512807306
ABG	ASBURY AUTOMOTIVE GROUP INC	11,495 (-3.6%)	$2.246M (-19.0%)	0.3%	$174.95	+35.1%	COM	043436104
GLUE	MONTE ROSA THERAPEUTICS INC	31,236 (-50.6%)	$514K (-48.2%)	0.1%	$13.48	+53.3%	COM	61225M102
TAP	MOLSON COORS BEVERAGE CO	75,226 (-5.4%)	$3.239M (-12.8%)	0.4%	$47.65	+3.8%	CL B	60871R209
LMT	LOCKHEED MARTIN CORP	5,392 (-7.4%)	$3.259M (+15.7%)	0.4%	$420.65	+42.8%	COM	539830109
AAPL	APPLE INC	10,895 (-7.6%)	$2.765M (-13.7%)	0.3%	$212.67	+23.6%	COM	037833100
WAL	WESTERN ALLIANCE BANCORP	26,163 (-2.4%)	$1.854M (-17.7%)	0.2%	$75.73	+18.8%	COM	957638109
HD	HOME DEPOT INC	9,074 (-6.7%)	$2.984M (-10.8%)	0.4%	$328.85	+14.6%	COM	437076102
EHC	ENCOMPASS HEALTH CORP	15,128 (-11.5%)	$1.463M (-19.3%)	0.2%	$69.65	+47.8%	COM	29261A100
AXP	AMERICAN EXPRESS CO	3,973 (-4.7%)	$1.202M (-22.0%)	0.1%	$80.07	+344.8%	COM	025816109
BAC	BANK AMERICA CORP	28,487 (-8.6%)	$1.389M (-19.0%)	0.2%	$30.91	+73.6%	COM	060505104
FLYW	FLYWIRE CORPORATION	108,514 (-1.3%)	$1.263M (-18.8%)	0.2%	$12.30	+2.9%	COM VTG	302492103
NTAP	NETAPP INC	20,737 (-7.5%)	$2.123M (-11.6%)	0.3%	$87.07	+17.0%	COM	64110D104
EME	EMCOR GROUP INC	3,624 (-8.2%)	$2.676M (+10.8%)	0.3%	$410.54	+77.0%	COM	29084Q100
JPM	JPMORGAN CHASE & CO	5,234 (-6.2%)	$1.54M (-14.4%)	0.2%	$89.86	+246.6%	COM	46625H100
EXP	EAGLE MATLS INC	13,011 (-1.3%)	$2.465M (-9.5%)	0.3%	$211.49	+6.4%	COM	26969P108
RRX	REGAL REXNORD CORPORATION	6,119 (-7.3%)	$1.146M (+23.8%)	0.1%	$147.16	+23.0%	COM	758750103
ESI	ELEMENT SOLUTIONS INC	41,617 (-15.3%)	$1.421M (+15.7%)	0.2%	$15.60	+95.4%	COM	28618M106
UNH	UNITEDHEALTH GROUP INC	2,125 (-5.2%)	$575K (-22.3%)	0.1%	$273.03	+13.1%	COM	91324P102
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,031 (-5.1%)	$1.452M (-9.5%)	0.2%	$208.41	+136.8%	CL B NEW	084670702
STLD	STEEL DYNAMICS INC	21,012 (-8.0%)	$3.782M (-2.2%)	0.5%	$90.85	+102.7%	COM	858119100
MTN	VAIL RESORTS INC	12,545 (-1.3%)	$1.61M (-4.6%)	0.2%	$148.39	-7.1%	COM	91879Q109
AZO	AUTOZONE INC	363 (-5.0%)	$1.226M (-5.4%)	0.2%	$1443.17	+151.2%	COM	053332102
FRME	FIRST MERCHANTS CORP	67,634 (-1.2%)	$2.619M (+2.1%)	0.3%	$30.88	+29.1%	COM	320817109
CPK	CHESAPEAKE UTILS CORP	9,206 (-5.4%)	$1.163M (-4.1%)	0.1%	$95.27	+34.6%	COM	165303108
ACA	ARCOSA INC	31,374 (-1.3%)	$3.33M (-1.4%)	0.4%	$91.54	+28.6%	COM	039653100
MCD	MCDONALDS CORP	3,611 (-5.5%)	$1.122M (-3.9%)	0.1%	$231.93	+36.8%	COM	580135101
TJX	TJX COS INC NEW	9,218 (-6.2%)	$1.472M (-2.5%)	0.2%	$47.27	+226.3%	COM	872540109
CVX	CHEVRON CORPORATION	5,566 (-28.5%)	$1.152M (-2.9%)	0.1%	$101.05	+70.1%	COM	166764100
XBI	SPDR SERIES TRUST	10,981 (-2.6%)	$1.403M (+2.1%)	0.2%	$84.13	—	STATE STREET SPD	78464A870
COP	CONOCOPHILLIPS	7,543 (-27.1%)	$996K (+2.8%)	0.1%	$100.95	+1.7%	COM	20825C104
SUPN	SUPERNUS PHARMACEUTICALS	19,595 (-1.9%)	$1.013M (+2.0%)	0.1%	$31.88	+58.4%	COM	868459108
UNP	UNION PAC CORP	5,759 (-5.7%)	$1.397M (-1.1%)	0.2%	$119.34	+103.9%	COM	907818108
SYBT	STOCK YDS BANCORP INC	19,476 (-1.6%)	$1.291M (+0.4%)	0.2%	$57.68	+18.1%	COM	861025104
AMGN	AMGEN INC	8,822 (-7.1%)	$3.104M (-0.2%)	0.4%	$286.59	+22.0%	COM	031162100

Unchanged Positions (13)

FERG FERGUSON ENTERPRISES INC 0.9%

Value $7.433M Shares 31,866 Est. Cost $197.30 Unrealized +27.3%

BX BLACKSTONE INC 0.1%

Value $537K Shares 4,667 Est. Cost $47.00 Unrealized +199.7%

VOO VANGUARD INDEX FDS 0.3%

Value $2.357M Shares 3,945 Est. Cost $313.70 Unrealized —

SSB SOUTHSTATE BK CORP 0.5%

Value $4.357M Shares 47,088 Est. Cost $96.71 Unrealized +4.3%

BEAT HEARTBEAM INC 0.0%

Value $61,000 Shares 50,000 Est. Cost $2.31 Unrealized -23.4%

VIG VANGUARD SPECIALIZED FUNDS 0.3%

Value $2.507M Shares 11,658 Est. Cost $127.04 Unrealized —

IGIB ISHARES TR 0.4%

Value $3.074M Shares 57,761 Est. Cost $56.08 Unrealized —

ATOM ATOMERA INC 0.0%

Value $76,200 Shares 20,000 Est. Cost $29.25 Unrealized -88.9%

CUE CUE BIOPHARMA INC 0.0%

Value $59,136 Shares 257,225 Est. Cost $13.72 Unrealized -97.6%

VO VANGUARD INDEX FDS 0.2%

Value $1.426M Shares 4,966 Est. Cost $175.58 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.5%

Value $4.078M Shares 69,657 Est. Cost $57.90 Unrealized —

MBB ISHARES TR 0.2%

Value $1.663M Shares 17,518 Est. Cost $110.40 Unrealized —

NOBL PROSHARES TR 0.0%

Value $237K Shares 2,231 Est. Cost $95.20 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FERG	FERGUSON ENTERPRISES INC	31,866	$7.433M	0.9%	$197.30	+27.3%	COMMON STOCK NEW	31488V107
BX	BLACKSTONE INC	4,667	$537K	0.1%	$47.00	+199.7%	COM	09260D107
VOO	VANGUARD INDEX FDS	3,945	$2.357M	0.3%	$313.70	—	S&P 500 ETF SHS	922908363
SSB	SOUTHSTATE BK CORP	47,088	$4.357M	0.5%	$96.71	+4.3%	COM	84472E102
BEAT	HEARTBEAM INC	50,000	$61,000	0.0%	$2.31	-23.4%	COM	42238H108
VIG	VANGUARD SPECIALIZED FUNDS	11,658	$2.507M	0.3%	$127.04	—	DIV APP ETF	921908844
IGIB	ISHARES TR	57,761	$3.074M	0.4%	$56.08	—	ISHS 5-10YR INVT	464288638
ATOM	ATOMERA INC	20,000	$76,200	0.0%	$29.25	-88.9%	COM	04965B100
CUE	CUE BIOPHARMA INC	257,225	$59,136	0.0%	$13.72	-97.6%	COM	22978P106
VO	VANGUARD INDEX FDS	4,966	$1.426M	0.2%	$175.58	—	MID CAP ETF	922908629
VGSH	VANGUARD SCOTTSDALE FDS	69,657	$4.078M	0.5%	$57.90	—	SHORT TERM TREAS	92206C102
MBB	ISHARES TR	17,518	$1.663M	0.2%	$110.40	—	MBS ETF	464288588
NOBL	PROSHARES TR	2,231	$237K	0.0%	$95.20	—	S&P 500 DV ARIST	74348A467