HUDSON VALLEY INVESTMENT ADVISORS INC /ADV Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	29,541 (+21.6%)	$10,339 (+20.7%)	1.1%	$269.70	+26.1%	COM	00724F101
SPYM	SPDR SERIES TRUST	62,193 (+51.3%)	$4,989 (+54.9%)	0.6%	$75.56	—	STATE STREET SPD	78464A854
NFLX	NETFLIX INC	45,846 (+920.6%)	$4,299 (-20.2%)	0.5%	$108.33	-0.5%	COM	64110L106
NOW	SERVICENOW INC	31,694 (+449.0%)	$4,855 (-8.6%)	0.5%	$174.64	-1.8%	COM	81762P102
MELI	MERCADOLIBRE INC	2,216 (+5.3%)	$4,464 (-9.2%)	0.5%	$2328.10	-9.8%	COM	58733R102
OWL	BLUE OWL CAPITAL INC	243,004 (+3.2%)	$3,630 (-8.9%)	0.4%	$18.17	-13.9%	COM CL A	09581B103
XLY	SELECT SECTOR SPDR TR	72,594 (+97.1%)	$8,668 (-1.8%)	1.0%	$150.79	—	STATE STREET CON	81369Y407
CMG	CHIPOTLE MEXICAN GRILL INC	179,471 (+8.2%)	$6,640 (+2.2%)	0.7%	$53.15	-31.9%	COM	169656105
XLU	SELECT SECTOR SPDR TR	41,787 (+89.8%)	$1,784 (-7.1%)	0.2%	$59.21	—	STATE STREET UTI	81369Y886
XLE	SELECT SECTOR SPDR TR	57,881 (+90.1%)	$2,588 (-4.9%)	0.3%	$61.76	—	STATE STREET ENE	81369Y506
COF	CAPITAL ONE FINL CORP	3,584 (+2.4%)	$869 (+16.7%)	0.1%	$141.80	+56.7%	COM	14040H105
SPMD	SPDR SERIES TRUST	31,765 (+5.5%)	$1,840 (+6.8%)	0.2%	$51.73	—	STATE STREET SPD	78464A847
QQQ	INVESCO QQQ TR	2,867 (+4.6%)	$1,761 (+7.1%)	0.2%	$298.33	—	UNIT SER 1	46090E103
XLK	SELECT SECTOR SPDR TR	195,352 (+96.5%)	$28,125 (+0.4%)	3.1%	$154.64	—	STATE STREET TEC	81369Y803
IVV	ISHARES TR	875 (+12.9%)	$599 (+15.5%)	0.1%	$427.23	—	CORE S&P500 ETF	464287200
ABT	ABBOTT LABS	10,411 (+1.1%)	$1,304 (-5.4%)	0.1%	$34.51	+268.8%	COM	002824100
SUB	ISHARES TR	12,753 (+5.8%)	$1,361 (+5.7%)	0.2%	$105.19	—	SHRT NAT MUN ETF	464288158
ED	CONSOLIDATED EDISON INC	3,083 (+29.4%)	$306 (+27.8%)	0.0%	$81.99	+20.5%	COM	209115104
IJR	ISHARES TR	4,636 (+8.8%)	$557 (+10.0%)	0.1%	$85.36	—	CORE S&P SCP ETF	464287804
XLB	SELECT SECTOR SPDR TR	27,937 (+102.2%)	$1,267 (+2.3%)	0.1%	$64.12	—	STATE STREET MAT	81369Y100
NYF	ISHARES TR	10,203 (+5.2%)	$546 (+5.5%)	0.1%	$51.28	—	NEW YORK MUN ETF	464288323
KO	COCA COLA CO	4,610 (+4.0%)	$322 (+9.6%)	0.0%	$40.41	+71.7%	COM	191216100
MA	MASTERCARD INCORPORATED	1,147 (+3.2%)	$655 (+3.6%)	0.1%	$346.95	+61.1%	CL A	57636Q104
XLRE	SELECT SECTOR SPDR TR	34,468 (+3.0%)	$1,391 (-1.3%)	0.2%	$40.46	—	STATE STREET REA	81369Y860
HSY	HERSHEY CO	1,181 (+1.5%)	$215 (-1.3%)	0.0%	$179.69	+1.3%	COM	427866108
HON	HONEYWELL INTL INC	1,306 (+6.8%)	$255 (-1.0%)	0.0%	$123.59	+57.8%	COM	438516106
ITW	ILLINOIS TOOL WKS INC	1,468 (+6.0%)	$362 (+0.1%)	0.0%	$89.72	+175.9%	COM	452308109

Exited Positions (30)

SUN Sunoco Lp Com Unit Repstg Ltd Partnership Int 0.1%

Value ($000) $600 Shares 12,000 Est. Cost $28.75 Unrealized —

BK Bank of New York Mellon Corp 0.0%

Value ($000) $380 Shares 3,490 Est. Cost $33.25 Unrealized +232.3%

MMM 3M Co 0.0%

Value ($000) $341 Shares 2,197 Est. Cost $95.77 Unrealized +70.4%

PCEF Invesco CEF Income Composite ETF 0.0%

Value ($000) $314 Shares 15,704 Est. Cost $22.09 Unrealized —

ENB Enbridge Inc 0.0%

Value ($000) $308 Shares 6,094 Est. Cost $26.61 Unrealized +77.1%

PSX Phillips 66 0.0%

Value ($000) $303 Shares 2,225 Est. Cost $96.20 Unrealized +39.3%

— Nuveen AMT-Free Quality Municipal Income Fund 0.0%

Value ($000) $272 Shares 23,870 Est. Cost $13.13 Unrealized —

QCOM QUALCOMM Inc 0.0%

Value ($000) $268 Shares 1,609 Est. Cost $126.63 Unrealized +34.9%

PFFA Etfis Ser Tr I Virtus Infracap US Pfd Stk ETF 0.0%

Value ($000) $261 Shares 12,000 Est. Cost $22.83 Unrealized —

CAH Cardinal Health Inc 0.0%

Value ($000) $251 Shares 1,600 Est. Cost $127.62 Unrealized +47.1%

PPL PPL Corp 0.0%

Value ($000) $246 Shares 6,625 Est. Cost $29.23 Unrealized +22.6%

BP BP PLC 0.0%

Value ($000) $246 Shares 7,139 Est. Cost $35.21 Unrealized —

CI Cigna Corp 0.0%

Value ($000) $234 Shares 811 Est. Cost $195.12 Unrealized +43.1%

DVN Devon Energy Corp 0.0%

Value ($000) $231 Shares 6,600 Est. Cost $45.23 Unrealized -23.2%

INTC Intel Corp 0.0%

Value ($000) $213 Shares 6,350 Est. Cost $24.23 Unrealized +55.9%

RITM Rithm Capital Corp 0.0%

Value ($000) $209 Shares 18,377 Est. Cost $9.76 Unrealized —

GLD SPDR Gold Shares ETF 0.0%

Value ($000) $207 Shares 581 Est. Cost $355.47 Unrealized —

TXN Texas Instruments Inc 0.0%

Value ($000) $202 Shares 1,100 Est. Cost $174.27 Unrealized -2.0%

AGNC AGNC Investment Corp 0.0%

Value ($000) $157 Shares 16,000 Est. Cost $12.74 Unrealized —

— Brookfield Real Assets Income Fund Inc - Shs Ben Int 0.0%

Value ($000) $134 Shares 10,000 Est. Cost $13.70 Unrealized —

— Nuveen Municipal Credit Income Fund 0.0%

Value ($000) $132 Shares 10,500 Est. Cost $13.43 Unrealized —

MNR Mach Natural Resources LP 0.0%

Value ($000) $132 Shares 10,000 Est. Cost $14.44 Unrealized —

— Nuveen AMT-Free Municipal Credit Income Fund 0.0%

Value ($000) $129 Shares 10,500 Est. Cost $46.56 Unrealized —

LPRO Open Lending Corp 0.0%

Value ($000) $123 Shares 58,445 Est. Cost $1.62 Unrealized +9.8%

— Nuveen Municipal High Income Opportunity Fund 0.0%

Value ($000) $122 Shares 11,500 Est. Cost $12.55 Unrealized —

PANL Pangaea Logistics Solution Ltd 0.0%

Value ($000) $117 Shares 23,000 Est. Cost $5.68 Unrealized +6.1%

— Amcor Plc 0.0%

Value ($000) $90 Shares 11,000 Est. Cost $10.10 Unrealized -18.3%

ECC Eagle Point Credit Co LLC 0.0%

Value ($000) $69 Shares 10,500 Est. Cost $10.10 Unrealized —

BRSP BrightSpire Capital Inc 0.0%

Value ($000) $65 Shares 12,000 Est. Cost $6.26 Unrealized —

RC Ready Capital Corp 0.0%

Value ($000) $61 Shares 15,700 Est. Cost $10.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SUN	Sunoco Lp Com Unit Repstg Ltd Partnership Int	12,000	$600	0.1%	$28.75	—	—	86765K109
BK	Bank of New York Mellon Corp	3,490	$380	0.0%	$33.25	+232.3%	—	064058100
MMM	3M Co	2,197	$341	0.0%	$95.77	+70.4%	—	88579Y101
PCEF	Invesco CEF Income Composite ETF	15,704	$314	0.0%	$22.09	—	—	46138E404
ENB	Enbridge Inc	6,094	$308	0.0%	$26.61	+77.1%	—	29250N105
PSX	Phillips 66	2,225	$303	0.0%	$96.20	+39.3%	—	718546104
—	Nuveen AMT-Free Quality Municipal Income Fund	23,870	$272	0.0%	$13.13	—	—	670657105
QCOM	QUALCOMM Inc	1,609	$268	0.0%	$126.63	+34.9%	—	747525103
PFFA	Etfis Ser Tr I Virtus Infracap US Pfd Stk ETF	12,000	$261	0.0%	$22.83	—	—	26923G822
CAH	Cardinal Health Inc	1,600	$251	0.0%	$127.62	+47.1%	—	14149Y108
PPL	PPL Corp	6,625	$246	0.0%	$29.23	+22.6%	—	69351T106
BP	BP PLC	7,139	$246	0.0%	$35.21	—	—	055622104
CI	Cigna Corp	811	$234	0.0%	$195.12	+43.1%	—	125523100
DVN	Devon Energy Corp	6,600	$231	0.0%	$45.23	-23.2%	—	25179M103
INTC	Intel Corp	6,350	$213	0.0%	$24.23	+55.9%	—	458140100
RITM	Rithm Capital Corp	18,377	$209	0.0%	$9.76	—	—	64828T201
GLD	SPDR Gold Shares ETF	581	$207	0.0%	$355.47	—	—	78463V107
TXN	Texas Instruments Inc	1,100	$202	0.0%	$174.27	-2.0%	—	882508104
AGNC	AGNC Investment Corp	16,000	$157	0.0%	$12.74	—	—	00123Q104
—	Brookfield Real Assets Income Fund Inc - Shs Ben Int	10,000	$134	0.0%	$13.70	—	—	112830104
—	Nuveen Municipal Credit Income Fund	10,500	$132	0.0%	$13.43	—	—	67070X101
MNR	Mach Natural Resources LP	10,000	$132	0.0%	$14.44	—	—	55445L100
—	Nuveen AMT-Free Municipal Credit Income Fund	10,500	$129	0.0%	$46.56	—	—	67071L106
LPRO	Open Lending Corp	58,445	$123	0.0%	$1.62	+9.8%	—	68373J104
—	Nuveen Municipal High Income Opportunity Fund	11,500	$122	0.0%	$12.55	—	—	670682103
PANL	Pangaea Logistics Solution Ltd	23,000	$117	0.0%	$5.68	+6.1%	—	G6891L105
—	Amcor Plc	11,000	$90	0.0%	$10.10	-18.3%	—	G0250X107
ECC	Eagle Point Credit Co LLC	10,500	$69	0.0%	$10.10	—	—	269808101
BRSP	BrightSpire Capital Inc	12,000	$65	0.0%	$6.26	—	—	10949T109
RC	Ready Capital Corp	15,700	$61	0.0%	$10.43	—	—	75574U101

Decreased Positions (102)

LLY ELI LILLY & CO 5.4%

Value ($000) $48,891 (+33.6%) Shares 45,494 (-5.2%) Est. Cost $100.08 Unrealized +854.8%

GTLS CHART INDS INC 0.0%

Value ($000) $321 (-96.9%) Shares 1,555 (-97.0%) Est. Cost $138.39 Unrealized +46.4%

MSFT MICROSOFT CORP 3.9%

Value ($000) $35,700 (-17.6%) Shares 73,819 (-11.8%) Est. Cost $77.65 Unrealized +544.6%

NVDA NVIDIA CORPORATION 4.9%

Value ($000) $43,895 (-10.4%) Shares 235,361 (-10.4%) Est. Cost $105.89 Unrealized +75.8%

URI UNITED RENTALS INC 0.7%

Value ($000) $6,626 (-37.6%) Shares 8,187 (-26.4%) Est. Cost $403.68 Unrealized +114.8%

MRSH MARSH & MCLENNAN COS INC 0.7%

Value ($000) $6,066 (-36.1%) Shares 32,697 (-30.5%) Est. Cost $109.81 Unrealized +69.8%

AZO AUTOZONE INC 0.9%

Value ($000) $8,180 (-27.4%) Shares 2,411 (-8.2%) Est. Cost $2308.67 Unrealized +63.6%

HD HOME DEPOT INC 0.7%

Value ($000) $5,972 (-33.7%) Shares 17,355 (-22.0%) Est. Cost $101.91 Unrealized +257.8%

META META PLATFORMS INC 1.4%

Value ($000) $12,769 (-17.5%) Shares 19,344 (-8.2%) Est. Cost $393.27 Unrealized +69.7%

KLAC KLA CORP 1.9%

Value ($000) $16,842 (-13.4%) Shares 13,861 (-23.1%) Est. Cost $521.65 Unrealized +124.7%

JPM JPMORGAN CHASE & CO. 1.9%

Value ($000) $17,129 (-11.7%) Shares 53,160 (-13.6%) Est. Cost $65.10 Unrealized +375.5%

OBT ORANGE CNTY BANCORP INC 3.5%

Value ($000) $31,451 (+7.4%) Shares 1,101,617 (-5.2%) Est. Cost $19.04 Unrealized +38.0%

ORCL ORACLE CORP 0.3%

Value ($000) $2,285 (-46.1%) Shares 11,725 (-22.3%) Est. Cost $49.64 Unrealized +379.6%

GOOG ALPHABET INC 3.3%

Value ($000) $29,614 (+4.7%) Shares 94,373 (-18.7%) Est. Cost $114.72 Unrealized +149.6%

AXP AMERICAN EXPRESS CO 1.5%

Value ($000) $13,484 (-8.2%) Shares 36,448 (-17.6%) Est. Cost $166.40 Unrealized +114.5%

BKR BAKER HUGHES COMPANY 0.5%

Value ($000) $4,670 (-18.9%) Shares 102,553 (-13.3%) Est. Cost $30.07 Unrealized +57.4%

CSCO CISCO SYS INC 0.8%

Value ($000) $7,584 (-12.6%) Shares 98,454 (-22.3%) Est. Cost $36.60 Unrealized +101.6%

AAPL APPLE INC 3.3%

Value ($000) $30,224 (-3.5%) Shares 111,176 (-9.6%) Est. Cost $100.53 Unrealized +166.9%

FLR FLUOR CORP NEW 0.6%

Value ($000) $5,376 (-16.1%) Shares 135,654 (-10.9%) Est. Cost $34.72 Unrealized +27.4%

GS GOLDMAN SACHS GROUP INC 0.6%

Value ($000) $5,539 (-15.7%) Shares 6,301 (-23.6%) Est. Cost $468.70 Unrealized +73.5%

SPIB SPDR SERIES TRUST 4.8%

Value ($000) $43,401 (-2.1%) Shares 1,283,687 (-1.8%) Est. Cost $32.78 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 1.0%

Value ($000) $9,170 (-9.0%) Shares 30,958 (-13.3%) Est. Cost $194.19 Unrealized +53.9%

MS MORGAN STANLEY 1.0%

Value ($000) $9,300 (-8.8%) Shares 52,388 (-18.3%) Est. Cost $57.59 Unrealized +189.0%

BAC BANK AMERICA CORP 0.4%

Value ($000) $3,389 (-19.0%) Shares 61,614 (-24.0%) Est. Cost $24.80 Unrealized +112.4%

CSX CSX CORP 0.5%

Value ($000) $4,226 (-15.3%) Shares 116,591 (-17.0%) Est. Cost $28.95 Unrealized +23.3%

APH AMPHENOL CORP NEW 0.6%

Value ($000) $5,690 (-11.2%) Shares 42,105 (-18.6%) Est. Cost $67.73 Unrealized +97.2%

SPSB SPDR SERIES TRUST 3.8%

Value ($000) $34,285 (-2.0%) Shares 1,135,263 (-1.7%) Est. Cost $30.15 Unrealized —

SHW SHERWIN WILLIAMS CO 0.6%

Value ($000) $5,144 (-12.1%) Shares 15,877 (-6.1%) Est. Cost $228.47 Unrealized +46.2%

PWR QUANTA SVCS INC 0.5%

Value ($000) $4,822 (-12.7%) Shares 11,426 (-14.3%) Est. Cost $298.74 Unrealized +47.0%

LECO LINCOLN ELEC HLDGS INC 0.5%

Value ($000) $4,167 (-13.3%) Shares 17,386 (-14.7%) Est. Cost $140.34 Unrealized +68.8%

MDLZ MONDELEZ INTL INC 0.3%

Value ($000) $3,121 (-16.4%) Shares 57,985 (-3.0%) Est. Cost $62.48 Unrealized -8.7%

TRMB TRIMBLE INC 0.3%

Value ($000) $3,060 (-16.6%) Shares 39,060 (-13.1%) Est. Cost $71.45 Unrealized +11.5%

V VISA INC 1.3%

Value ($000) $11,481 (-5.0%) Shares 32,735 (-7.5%) Est. Cost $212.42 Unrealized +60.2%

UNH UNITEDHEALTH GROUP INC 0.7%

Value ($000) $6,002 (-9.1%) Shares 18,182 (-4.9%) Est. Cost $292.97 Unrealized +15.1%

ABBV ABBVIE INC 1.2%

Value ($000) $11,138 (-5.1%) Shares 48,746 (-3.8%) Est. Cost $138.41 Unrealized +64.4%

DHR DANAHER CORPORATION 0.9%

Value ($000) $7,950 (+7.8%) Shares 34,727 (-6.6%) Est. Cost $150.83 Unrealized +45.6%

CBRE CBRE GROUP INC 0.6%

Value ($000) $5,328 (-9.6%) Shares 33,136 (-11.4%) Est. Cost $133.25 Unrealized +18.0%

GNRC GENERAC HLDGS INC 0.2%

Value ($000) $1,692 (-25.0%) Shares 12,405 (-8.0%) Est. Cost $148.07 Unrealized +9.0%

XOM EXXON MOBIL CORP 1.1%

Value ($000) $9,901 (-5.3%) Shares 82,278 (-11.3%) Est. Cost $65.28 Unrealized +76.9%

DUK DUKE ENERGY CORP NEW 0.5%

Value ($000) $4,818 (-10.3%) Shares 41,102 (-5.3%) Est. Cost $99.05 Unrealized +22.7%

CVX CHEVRON CORP NEW 0.3%

Value ($000) $2,826 (-15.7%) Shares 18,541 (-14.1%) Est. Cost $103.93 Unrealized +45.7%

AMD ADVANCED MICRO DEVICES INC 0.4%

Value ($000) $3,848 (+14.3%) Shares 17,969 (-13.6%) Est. Cost $122.98 Unrealized +82.6%

PEP PEPSICO INC 0.6%

Value ($000) $5,310 (-8.2%) Shares 36,996 (-10.2%) Est. Cost $85.15 Unrealized +71.4%

EMR EMERSON ELEC CO 0.1%

Value ($000) $924 (-32.8%) Shares 6,962 (-33.6%) Est. Cost $53.92 Unrealized +145.5%

XLV SELECT SECTOR SPDR TR 0.9%

Value ($000) $8,312 (+5.6%) Shares 53,697 (-5.0%) Est. Cost $134.80 Unrealized —

CAT CATERPILLAR INC 0.1%

Value ($000) $819 (-34.7%) Shares 1,429 (-45.6%) Est. Cost $135.42 Unrealized +310.2%

VZ VERIZON COMMUNICATIONS INC 0.1%

Value ($000) $563 (-42.5%) Shares 13,833 (-38.0%) Est. Cost $32.05 Unrealized +26.3%

BX BLACKSTONE INC 0.2%

Value ($000) $1,709 (-19.6%) Shares 11,087 (-10.8%) Est. Cost $93.81 Unrealized +61.5%

GWW WW GRAINGER INC 0.7%

Value ($000) $6,072 (-6.4%) Shares 6,018 (-11.6%) Est. Cost $807.54 Unrealized +20.0%

ADP AUTOMATIC DATA PROCESSING IN 0.2%

Value ($000) $2,028 (-16.7%) Shares 7,883 (-5.0%) Est. Cost $76.95 Unrealized +244.2%

AMZN AMAZON COM INC 2.3%

Value ($000) $21,226 (-1.9%) Shares 91,957 (-6.7%) Est. Cost $140.65 Unrealized +62.7%

NOC NORTHROP GRUMMAN CORP 0.1%

Value ($000) $736 (-35.4%) Shares 1,290 (-31.0%) Est. Cost $142.28 Unrealized +306.8%

WMT WALMART INC 0.4%

Value ($000) $3,559 (-10.1%) Shares 31,944 (-16.8%) Est. Cost $63.56 Unrealized +68.7%

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.6%

Value ($000) $5,500 (-6.7%) Shares 21,482 (-5.9%) Est. Cost $226.43 Unrealized +10.1%

T AT&T INC 0.1%

Value ($000) $574 (-40.8%) Shares 23,101 (-32.7%) Est. Cost $13.80 Unrealized +83.2%

GLW CORNING INC 0.0%

Value ($000) $398 (-49.7%) Shares 4,545 (-52.9%) Est. Cost $12.58 Unrealized +583.4%

SBUX STARBUCKS CORP 0.6%

Value ($000) $5,194 (-6.7%) Shares 61,674 (-6.3%) Est. Cost $82.67 Unrealized +1.7%

SYY SYSCO CORP 0.0%

Value ($000) $381 (-49.4%) Shares 5,174 (-43.4%) Est. Cost $56.12 Unrealized +34.5%

PG PROCTER AND GAMBLE CO 0.3%

Value ($000) $2,483 (-12.3%) Shares 17,323 (-6.0%) Est. Cost $81.37 Unrealized +80.9%

WBS WEBSTER FINL CORP 0.3%

Value ($000) $2,389 (-12.4%) Shares 37,958 (-17.3%) Est. Cost $46.88 Unrealized +26.6%

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $2,384 (-12.3%) Shares 100,617 (-8.3%) Est. Cost $29.71 Unrealized -22.6%

PFE PFIZER INC 0.0%

Value ($000) $409 (-44.1%) Shares 16,444 (-42.8%) Est. Cost $24.37 Unrealized +2.7%

AVGO BROADCOM INC 2.0%

Value ($000) $18,317 (-1.7%) Shares 52,923 (-6.3%) Est. Cost $145.92 Unrealized +144.6%

SCHW SCHWAB CHARLES CORP 0.7%

Value ($000) $6,074 (-4.8%) Shares 60,798 (-9.0%) Est. Cost $67.92 Unrealized +39.5%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $1,278 (-18.6%) Shares 1,482 (-12.7%) Est. Cost $308.78 Unrealized +193.3%

COP CONOCOPHILLIPS 0.1%

Value ($000) $1,087 (-19.6%) Shares 11,614 (-18.7%) Est. Cost $44.97 Unrealized +100.2%

SO SOUTHERN CO 0.2%

Value ($000) $1,657 (-13.4%) Shares 19,000 (-5.9%) Est. Cost $66.31 Unrealized +37.1%

PLD PROLOGIS INC. 0.5%

Value ($000) $4,227 (-5.7%) Shares 33,112 (-15.4%) Est. Cost $99.28 Unrealized +24.8%

TMO THERMO FISHER SCIENTIFIC INC 1.1%

Value ($000) $10,217 (+2.5%) Shares 17,633 (-14.2%) Est. Cost $155.47 Unrealized +263.5%

BA BOEING CO 0.0%

Value ($000) $422 (-36.2%) Shares 1,942 (-36.6%) Est. Cost $134.66 Unrealized +52.7%

CVS CVS HEALTH CORP 0.0%

Value ($000) $327 (-41.8%) Shares 4,121 (-44.8%) Est. Cost $50.34 Unrealized +56.3%

SPY SPDR S&P 500 ETF TR 1.4%

Value ($000) $12,847 (-1.8%) Shares 18,839 (-4.0%) Est. Cost $412.75 Unrealized —

NSC NORFOLK SOUTHN CORP 0.0%

Value ($000) $232 (-48.5%) Shares 804 (-46.4%) Est. Cost $105.80 Unrealized +172.8%

XLC SELECT SECTOR SPDR TR 0.9%

Value ($000) $8,159 (-2.6%) Shares 69,308 (-2.0%) Est. Cost $68.50 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $1,885 (-8.4%) Shares 9,107 (-18.0%) Est. Cost $76.27 Unrealized +158.3%

XLI SELECT SECTOR SPDR TR 0.7%

Value ($000) $6,452 (-2.4%) Shares 41,595 (-3.0%) Est. Cost $103.25 Unrealized —

BCPC BALCHEM CORP 0.0%

Value ($000) $229 (-38.8%) Shares 1,493 (-40.1%) Est. Cost $59.05 Unrealized +157.0%

NEE NEXTERA ENERGY INC 0.4%

Value ($000) $4,025 (-3.4%) Shares 50,140 (-9.2%) Est. Cost $69.06 Unrealized +19.5%

RTX RTX CORPORATION 0.2%

Value ($000) $1,768 (+8.3%) Shares 9,642 (-1.2%) Est. Cost $85.24 Unrealized +103.3%

FLOT ISHARES TR 0.9%

Value ($000) $8,335 (-1.5%) Shares 163,882 (-1.1%) Est. Cost $50.54 Unrealized —

AMT AMERICAN TOWER CORP NEW 0.1%

Value ($000) $514 (-19.6%) Shares 2,925 (-12.0%) Est. Cost $152.20 Unrealized +18.5%

AMGN AMGEN INC 0.0%

Value ($000) $230 (-34.9%) Shares 702 (-43.8%) Est. Cost $167.30 Unrealized +88.9%

CRM SALESFORCE INC 0.9%

Value ($000) $8,347 (-1.3%) Shares 31,509 (-11.7%) Est. Cost $207.22 Unrealized +19.8%

XLP SELECT SECTOR SPDR TR 0.4%

Value ($000) $4,029 (-2.5%) Shares 51,862 (-1.7%) Est. Cost $75.33 Unrealized —

SLB SLB LIMITED 0.4%

Value ($000) $3,377 (+3.0%) Shares 87,993 (-7.7%) Est. Cost $45.00 Unrealized -19.9%

BMY BRISTOL-MYERS SQUIBB CO 0.0%

Value ($000) $221 (-29.0%) Shares 4,089 (-40.6%) Est. Cost $35.92 Unrealized +32.3%

ROK ROCKWELL AUTOMATION INC 0.3%

Value ($000) $3,104 (-2.7%) Shares 7,978 (-12.6%) Est. Cost $282.18 Unrealized +33.0%

TSLA TESLA INC 0.0%

Value ($000) $236 (-26.4%) Shares 525 (-27.2%) Est. Cost $301.28 Unrealized +47.1%

CIEN CIENA CORP 1.3%

Value ($000) $11,663 (-0.7%) Shares 49,868 (-38.1%) Est. Cost $52.20 Unrealized +271.7%

CB CHUBB LIMITED 0.0%

Value ($000) $340 (-18.7%) Shares 1,089 (-26.5%) Est. Cost $169.33 Unrealized +72.7%

PNC PNC FINL SVCS GROUP INC 0.0%

Value ($000) $266 (-15.9%) Shares 1,275 (-19.0%) Est. Cost $133.44 Unrealized +44.5%

NUE NUCOR CORP 0.4%

Value ($000) $3,652 (+1.2%) Shares 22,391 (-15.9%) Est. Cost $146.12 Unrealized +2.5%

GOOGL ALPHABET INC 0.2%

Value ($000) $1,600 (-2.7%) Shares 5,113 (-24.4%) Est. Cost $120.22 Unrealized +137.6%

MRK MERCK & CO INC 0.1%

Value ($000) $871 (-4.6%) Shares 8,275 (-24.0%) Est. Cost $47.80 Unrealized +95.1%

SPYG SPDR SERIES TRUST 0.1%

Value ($000) $479 (-7.1%) Shares 4,490 (-9.0%) Est. Cost $59.96 Unrealized —

SPYV SPDR SERIES TRUST 0.0%

Value ($000) $328 (-8.3%) Shares 5,771 (-10.7%) Est. Cost $39.35 Unrealized —

GE GE AEROSPACE 0.1%

Value ($000) $1,124 (-2.1%) Shares 3,649 (-4.4%) Est. Cost $53.20 Unrealized +465.5%

— NUVEEN MUN VALUE FD INC 0.0%

Value ($000) $333 (-5.5%) Shares 36,715 (-6.4%) Est. Cost $10.46 Unrealized —

DIS DISNEY WALT CO 0.0%

Value ($000) $386 (-1.8%) Shares 3,395 (-1.2%) Est. Cost $94.39 Unrealized +16.0%

GEV GE VERNOVA INC 0.1%

Value ($000) $529 (+1.2%) Shares 809 (-4.8%) Est. Cost $191.56 Unrealized +217.9%

XLF SELECT SECTOR SPDR TR 1.2%

Value ($000) $11,010 (+0.1%) Shares 201,030 (-1.6%) Est. Cost $38.67 Unrealized —

IYW ISHARES TR 0.1%

Value ($000) $873 (+0.3%) Shares 4,370 (-1.6%) Est. Cost $113.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	45,494 (-5.2%)	$48,891 (+33.6%)	5.4%	$100.08	+854.8%	COM	532457108
GTLS	CHART INDS INC	1,555 (-97.0%)	$321 (-96.9%)	0.0%	$138.39	+46.4%	COM	16115Q308
MSFT	MICROSOFT CORP	73,819 (-11.8%)	$35,700 (-17.6%)	3.9%	$77.65	+544.6%	COM	594918104
NVDA	NVIDIA CORPORATION	235,361 (-10.4%)	$43,895 (-10.4%)	4.9%	$105.89	+75.8%	COM	67066G104
URI	UNITED RENTALS INC	8,187 (-26.4%)	$6,626 (-37.6%)	0.7%	$403.68	+114.8%	COM	911363109
MRSH	MARSH & MCLENNAN COS INC	32,697 (-30.5%)	$6,066 (-36.1%)	0.7%	$109.81	+69.8%	COM	571748102
AZO	AUTOZONE INC	2,411 (-8.2%)	$8,180 (-27.4%)	0.9%	$2308.67	+63.6%	COM	053332102
HD	HOME DEPOT INC	17,355 (-22.0%)	$5,972 (-33.7%)	0.7%	$101.91	+257.8%	COM	437076102
META	META PLATFORMS INC	19,344 (-8.2%)	$12,769 (-17.5%)	1.4%	$393.27	+69.7%	CL A	30303M102
KLAC	KLA CORP	13,861 (-23.1%)	$16,842 (-13.4%)	1.9%	$521.65	+124.7%	COM NEW	482480100
JPM	JPMORGAN CHASE & CO.	53,160 (-13.6%)	$17,129 (-11.7%)	1.9%	$65.10	+375.5%	COM	46625H100
OBT	ORANGE CNTY BANCORP INC	1,101,617 (-5.2%)	$31,451 (+7.4%)	3.5%	$19.04	+38.0%	COM	68417L107
ORCL	ORACLE CORP	11,725 (-22.3%)	$2,285 (-46.1%)	0.3%	$49.64	+379.6%	COM	68389X105
GOOG	ALPHABET INC	94,373 (-18.7%)	$29,614 (+4.7%)	3.3%	$114.72	+149.6%	CAP STK CL C	02079K107
AXP	AMERICAN EXPRESS CO	36,448 (-17.6%)	$13,484 (-8.2%)	1.5%	$166.40	+114.5%	COM	025816109
BKR	BAKER HUGHES COMPANY	102,553 (-13.3%)	$4,670 (-18.9%)	0.5%	$30.07	+57.4%	CL A	05722G100
CSCO	CISCO SYS INC	98,454 (-22.3%)	$7,584 (-12.6%)	0.8%	$36.60	+101.6%	COM	17275R102
AAPL	APPLE INC	111,176 (-9.6%)	$30,224 (-3.5%)	3.3%	$100.53	+166.9%	COM	037833100
FLR	FLUOR CORP NEW	135,654 (-10.9%)	$5,376 (-16.1%)	0.6%	$34.72	+27.4%	COM	343412102
GS	GOLDMAN SACHS GROUP INC	6,301 (-23.6%)	$5,539 (-15.7%)	0.6%	$468.70	+73.5%	COM	38141G104
SPIB	SPDR SERIES TRUST	1,283,687 (-1.8%)	$43,401 (-2.1%)	4.8%	$32.78	—	STATE STREET SPD	78464A375
IBM	INTERNATIONAL BUSINESS MACHS	30,958 (-13.3%)	$9,170 (-9.0%)	1.0%	$194.19	+53.9%	COM	459200101
MS	MORGAN STANLEY	52,388 (-18.3%)	$9,300 (-8.8%)	1.0%	$57.59	+189.0%	COM NEW	617446448
BAC	BANK AMERICA CORP	61,614 (-24.0%)	$3,389 (-19.0%)	0.4%	$24.80	+112.4%	COM	060505104
CSX	CSX CORP	116,591 (-17.0%)	$4,226 (-15.3%)	0.5%	$28.95	+23.3%	COM	126408103
APH	AMPHENOL CORP NEW	42,105 (-18.6%)	$5,690 (-11.2%)	0.6%	$67.73	+97.2%	CL A	032095101
SPSB	SPDR SERIES TRUST	1,135,263 (-1.7%)	$34,285 (-2.0%)	3.8%	$30.15	—	STATE STREET SPD	78464A474
SHW	SHERWIN WILLIAMS CO	15,877 (-6.1%)	$5,144 (-12.1%)	0.6%	$228.47	+46.2%	COM	824348106
PWR	QUANTA SVCS INC	11,426 (-14.3%)	$4,822 (-12.7%)	0.5%	$298.74	+47.0%	COM	74762E102
LECO	LINCOLN ELEC HLDGS INC	17,386 (-14.7%)	$4,167 (-13.3%)	0.5%	$140.34	+68.8%	COM	533900106
MDLZ	MONDELEZ INTL INC	57,985 (-3.0%)	$3,121 (-16.4%)	0.3%	$62.48	-8.7%	CL A	609207105
TRMB	TRIMBLE INC	39,060 (-13.1%)	$3,060 (-16.6%)	0.3%	$71.45	+11.5%	COM	896239100
V	VISA INC	32,735 (-7.5%)	$11,481 (-5.0%)	1.3%	$212.42	+60.2%	COM CL A	92826C839
UNH	UNITEDHEALTH GROUP INC	18,182 (-4.9%)	$6,002 (-9.1%)	0.7%	$292.97	+15.1%	COM	91324P102
ABBV	ABBVIE INC	48,746 (-3.8%)	$11,138 (-5.1%)	1.2%	$138.41	+64.4%	COM	00287Y109
DHR	DANAHER CORPORATION	34,727 (-6.6%)	$7,950 (+7.8%)	0.9%	$150.83	+45.6%	COM	235851102
CBRE	CBRE GROUP INC	33,136 (-11.4%)	$5,328 (-9.6%)	0.6%	$133.25	+18.0%	CL A	12504L109
GNRC	GENERAC HLDGS INC	12,405 (-8.0%)	$1,692 (-25.0%)	0.2%	$148.07	+9.0%	COM	368736104
XOM	EXXON MOBIL CORP	82,278 (-11.3%)	$9,901 (-5.3%)	1.1%	$65.28	+76.9%	COM	30231G102
DUK	DUKE ENERGY CORP NEW	41,102 (-5.3%)	$4,818 (-10.3%)	0.5%	$99.05	+22.7%	COM NEW	26441C204
CVX	CHEVRON CORP NEW	18,541 (-14.1%)	$2,826 (-15.7%)	0.3%	$103.93	+45.7%	COM	166764100
AMD	ADVANCED MICRO DEVICES INC	17,969 (-13.6%)	$3,848 (+14.3%)	0.4%	$122.98	+82.6%	COM	007903107
PEP	PEPSICO INC	36,996 (-10.2%)	$5,310 (-8.2%)	0.6%	$85.15	+71.4%	COM	713448108
EMR	EMERSON ELEC CO	6,962 (-33.6%)	$924 (-32.8%)	0.1%	$53.92	+145.5%	COM	291011104
XLV	SELECT SECTOR SPDR TR	53,697 (-5.0%)	$8,312 (+5.6%)	0.9%	$134.80	—	STATE STREET HEA	81369Y209
CAT	CATERPILLAR INC	1,429 (-45.6%)	$819 (-34.7%)	0.1%	$135.42	+310.2%	COM	149123101
VZ	VERIZON COMMUNICATIONS INC	13,833 (-38.0%)	$563 (-42.5%)	0.1%	$32.05	+26.3%	COM	92343V104
BX	BLACKSTONE INC	11,087 (-10.8%)	$1,709 (-19.6%)	0.2%	$93.81	+61.5%	COM	09260D107
GWW	WW GRAINGER INC	6,018 (-11.6%)	$6,072 (-6.4%)	0.7%	$807.54	+20.0%	COM	384802104
ADP	AUTOMATIC DATA PROCESSING IN	7,883 (-5.0%)	$2,028 (-16.7%)	0.2%	$76.95	+244.2%	COM	053015103
AMZN	AMAZON COM INC	91,957 (-6.7%)	$21,226 (-1.9%)	2.3%	$140.65	+62.7%	COM	023135106
NOC	NORTHROP GRUMMAN CORP	1,290 (-31.0%)	$736 (-35.4%)	0.1%	$142.28	+306.8%	COM	666807102
WMT	WALMART INC	31,944 (-16.8%)	$3,559 (-10.1%)	0.4%	$63.56	+68.7%	COM	931142103
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	21,482 (-5.9%)	$5,500 (-6.7%)	0.6%	$226.43	+10.1%	COM	874054109
T	AT&T INC	23,101 (-32.7%)	$574 (-40.8%)	0.1%	$13.80	+83.2%	COM	00206R102
GLW	CORNING INC	4,545 (-52.9%)	$398 (-49.7%)	0.0%	$12.58	+583.4%	COM	219350105
SBUX	STARBUCKS CORP	61,674 (-6.3%)	$5,194 (-6.7%)	0.6%	$82.67	+1.7%	COM	855244109
SYY	SYSCO CORP	5,174 (-43.4%)	$381 (-49.4%)	0.0%	$56.12	+34.5%	COM	871829107
PG	PROCTER AND GAMBLE CO	17,323 (-6.0%)	$2,483 (-12.3%)	0.3%	$81.37	+80.9%	COM	742718109
WBS	WEBSTER FINL CORP	37,958 (-17.3%)	$2,389 (-12.4%)	0.3%	$46.88	+26.6%	COM	947890109
WY	WEYERHAEUSER CO MTN BE	100,617 (-8.3%)	$2,384 (-12.3%)	0.3%	$29.71	-22.6%	COM NEW	962166104
PFE	PFIZER INC	16,444 (-42.8%)	$409 (-44.1%)	0.0%	$24.37	+2.7%	COM	717081103
AVGO	BROADCOM INC	52,923 (-6.3%)	$18,317 (-1.7%)	2.0%	$145.92	+144.6%	COM	11135F101
SCHW	SCHWAB CHARLES CORP	60,798 (-9.0%)	$6,074 (-4.8%)	0.7%	$67.92	+39.5%	COM	808513105
COST	COSTCO WHSL CORP NEW	1,482 (-12.7%)	$1,278 (-18.6%)	0.1%	$308.78	+193.3%	COM	22160K105
COP	CONOCOPHILLIPS	11,614 (-18.7%)	$1,087 (-19.6%)	0.1%	$44.97	+100.2%	COM	20825C104
SO	SOUTHERN CO	19,000 (-5.9%)	$1,657 (-13.4%)	0.2%	$66.31	+37.1%	COM	842587107
PLD	PROLOGIS INC.	33,112 (-15.4%)	$4,227 (-5.7%)	0.5%	$99.28	+24.8%	COM	74340W103
TMO	THERMO FISHER SCIENTIFIC INC	17,633 (-14.2%)	$10,217 (+2.5%)	1.1%	$155.47	+263.5%	COM	883556102
BA	BOEING CO	1,942 (-36.6%)	$422 (-36.2%)	0.0%	$134.66	+52.7%	COM	097023105
CVS	CVS HEALTH CORP	4,121 (-44.8%)	$327 (-41.8%)	0.0%	$50.34	+56.3%	COM	126650100
SPY	SPDR S&P 500 ETF TR	18,839 (-4.0%)	$12,847 (-1.8%)	1.4%	$412.75	—	TR UNIT	78462F103
NSC	NORFOLK SOUTHN CORP	804 (-46.4%)	$232 (-48.5%)	0.0%	$105.80	+172.8%	COM	655844108
XLC	SELECT SECTOR SPDR TR	69,308 (-2.0%)	$8,159 (-2.6%)	0.9%	$68.50	—	STATE STREET COM	81369Y852
JNJ	JOHNSON & JOHNSON	9,107 (-18.0%)	$1,885 (-8.4%)	0.2%	$76.27	+158.3%	COM	478160104
XLI	SELECT SECTOR SPDR TR	41,595 (-3.0%)	$6,452 (-2.4%)	0.7%	$103.25	—	STATE STREET IND	81369Y704
BCPC	BALCHEM CORP	1,493 (-40.1%)	$229 (-38.8%)	0.0%	$59.05	+157.0%	COM	057665200
NEE	NEXTERA ENERGY INC	50,140 (-9.2%)	$4,025 (-3.4%)	0.4%	$69.06	+19.5%	COM	65339F101
RTX	RTX CORPORATION	9,642 (-1.2%)	$1,768 (+8.3%)	0.2%	$85.24	+103.3%	COM	75513E101
FLOT	ISHARES TR	163,882 (-1.1%)	$8,335 (-1.5%)	0.9%	$50.54	—	FLTG RATE NT ETF	46429B655
AMT	AMERICAN TOWER CORP NEW	2,925 (-12.0%)	$514 (-19.6%)	0.1%	$152.20	+18.5%	COM	03027X100
AMGN	AMGEN INC	702 (-43.8%)	$230 (-34.9%)	0.0%	$167.30	+88.9%	COM	031162100
CRM	SALESFORCE INC	31,509 (-11.7%)	$8,347 (-1.3%)	0.9%	$207.22	+19.8%	COM	79466L302
XLP	SELECT SECTOR SPDR TR	51,862 (-1.7%)	$4,029 (-2.5%)	0.4%	$75.33	—	STATE STREET CON	81369Y308
SLB	SLB LIMITED	87,993 (-7.7%)	$3,377 (+3.0%)	0.4%	$45.00	-19.9%	COM STK	806857108
BMY	BRISTOL-MYERS SQUIBB CO	4,089 (-40.6%)	$221 (-29.0%)	0.0%	$35.92	+32.3%	COM	110122108
ROK	ROCKWELL AUTOMATION INC	7,978 (-12.6%)	$3,104 (-2.7%)	0.3%	$282.18	+33.0%	COM	773903109
TSLA	TESLA INC	525 (-27.2%)	$236 (-26.4%)	0.0%	$301.28	+47.1%	COM	88160R101
CIEN	CIENA CORP	49,868 (-38.1%)	$11,663 (-0.7%)	1.3%	$52.20	+271.7%	COM NEW	171779309
CB	CHUBB LIMITED	1,089 (-26.5%)	$340 (-18.7%)	0.0%	$169.33	+72.7%	COM	H1467J104
PNC	PNC FINL SVCS GROUP INC	1,275 (-19.0%)	$266 (-15.9%)	0.0%	$133.44	+44.5%	COM	693475105
NUE	NUCOR CORP	22,391 (-15.9%)	$3,652 (+1.2%)	0.4%	$146.12	+2.5%	COM	670346105
GOOGL	ALPHABET INC	5,113 (-24.4%)	$1,600 (-2.7%)	0.2%	$120.22	+137.6%	CAP STK CL A	02079K305
MRK	MERCK & CO INC	8,275 (-24.0%)	$871 (-4.6%)	0.1%	$47.80	+95.1%	COM	58933Y105
SPYG	SPDR SERIES TRUST	4,490 (-9.0%)	$479 (-7.1%)	0.1%	$59.96	—	STATE STREET SPD	78464A409
SPYV	SPDR SERIES TRUST	5,771 (-10.7%)	$328 (-8.3%)	0.0%	$39.35	—	STATE STREET SPD	78464A508
GE	GE AEROSPACE	3,649 (-4.4%)	$1,124 (-2.1%)	0.1%	$53.20	+465.5%	COM NEW	369604301
—	NUVEEN MUN VALUE FD INC	36,715 (-6.4%)	$333 (-5.5%)	0.0%	$10.46	—	COM	670928100
DIS	DISNEY WALT CO	3,395 (-1.2%)	$386 (-1.8%)	0.0%	$94.39	+16.0%	COM	254687106
GEV	GE VERNOVA INC	809 (-4.8%)	$529 (+1.2%)	0.1%	$191.56	+217.9%	COM	36828A101
XLF	SELECT SECTOR SPDR TR	201,030 (-1.6%)	$11,010 (+0.1%)	1.2%	$38.67	—	STATE STREET FIN	81369Y605
IYW	ISHARES TR	4,370 (-1.6%)	$873 (+0.3%)	0.1%	$113.76	—	U.S. TECH ETF	464287721

Unchanged Positions (18)

ISRG INTUITIVE SURGICAL INC 4.1%

Value ($000) $37,387 Shares 66,012 Est. Cost $263.44 Unrealized +102.1%

RMD RESMED INC 0.3%

Value ($000) $2,650 Shares 11,000 Est. Cost $57.28 Unrealized +345.9%

CMC COMMERCIAL METALS CO 0.1%

Value ($000) $1,011 Shares 14,610 Est. Cost $13.96 Unrealized +347.0%

CSW CSW INDUSTRIALS INC 0.1%

Value ($000) $943 Shares 3,212 Est. Cost $60.37 Unrealized +341.1%

SPSM SPDR SERIES TRUST 0.8%

Value ($000) $7,055 Shares 150,565 Est. Cost $41.29 Unrealized —

MDT MEDTRONIC PLC 1.1%

Value ($000) $9,837 Shares 102,409 Est. Cost $59.70 Unrealized +62.7%

MCD MCDONALDS CORP 0.6%

Value ($000) $5,244 Shares 17,157 Est. Cost $212.10 Unrealized +43.8%

DLR DIGITAL RLTY TR INC 0.0%

Value ($000) $281 Shares 1,815 Est. Cost $112.22 Unrealized +45.4%

EXR EXTRA SPACE STORAGE INC 0.0%

Value ($000) $367 Shares 2,817 Est. Cost $121.22 Unrealized +11.4%

LMT LOCKHEED MARTIN CORP 0.1%

Value ($000) $675 Shares 1,396 Est. Cost $264.96 Unrealized +79.7%

MDY SPDR S&P MIDCAP 400 ETF TR 0.3%

Value ($000) $2,617 Shares 4,338 Est. Cost $446.94 Unrealized —

OSK OSHKOSH CORP 0.0%

Value ($000) $393 Shares 3,131 Est. Cost $52.63 Unrealized +143.0%

HUBB HUBBELL INC 0.0%

Value ($000) $400 Shares 900 Est. Cost $199.94 Unrealized +118.7%

VLO VALERO ENERGY CORP 0.0%

Value ($000) $232 Shares 1,425 Est. Cost $147.81 Unrealized +14.2%

IVW ISHARES TR 0.0%

Value ($000) $256 Shares 2,075 Est. Cost $63.89 Unrealized —

PLG PLATINUM GROUP METALS LTD 0.0%

Value ($000) $31 Shares 13,150 Est. Cost $1.29 Unrealized +87.7%

BFOR ALPS ETF TR 0.0%

Value ($000) $247 Shares 3,000 Est. Cost $71.72 Unrealized —

AFL AFLAC INC 0.0%

Value ($000) $375 Shares 3,399 Est. Cost $72.00 Unrealized +52.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC	66,012	$37,387	4.1%	$263.44	+102.1%	COM NEW	46120E602
RMD	RESMED INC	11,000	$2,650	0.3%	$57.28	+345.9%	COM	761152107
CMC	COMMERCIAL METALS CO	14,610	$1,011	0.1%	$13.96	+347.0%	COM	201723103
CSW	CSW INDUSTRIALS INC	3,212	$943	0.1%	$60.37	+341.1%	COM	126402106
SPSM	SPDR SERIES TRUST	150,565	$7,055	0.8%	$41.29	—	STATE STREET SPD	78468R853
MDT	MEDTRONIC PLC	102,409	$9,837	1.1%	$59.70	+62.7%	SHS	G5960L103
MCD	MCDONALDS CORP	17,157	$5,244	0.6%	$212.10	+43.8%	COM	580135101
DLR	DIGITAL RLTY TR INC	1,815	$281	0.0%	$112.22	+45.4%	COM	253868103
EXR	EXTRA SPACE STORAGE INC	2,817	$367	0.0%	$121.22	+11.4%	COM	30225T102
LMT	LOCKHEED MARTIN CORP	1,396	$675	0.1%	$264.96	+79.7%	COM	539830109
MDY	SPDR S&P MIDCAP 400 ETF TR	4,338	$2,617	0.3%	$446.94	—	UTSER1 S&PDCRP	78467Y107
OSK	OSHKOSH CORP	3,131	$393	0.0%	$52.63	+143.0%	COM	688239201
HUBB	HUBBELL INC	900	$400	0.0%	$199.94	+118.7%	COM	443510607
VLO	VALERO ENERGY CORP	1,425	$232	0.0%	$147.81	+14.2%	COM	91913Y100
IVW	ISHARES TR	2,075	$256	0.0%	$63.89	—	S&P 500 GRWT ETF	464287309
PLG	PLATINUM GROUP METALS LTD	13,150	$31	0.0%	$1.29	+87.7%	COM	72765Q882
BFOR	ALPS ETF TR	3,000	$247	0.0%	$71.72	—	BARRONS 400 ETF	00162Q726
AFL	AFLAC INC	3,399	$375	0.0%	$72.00	+52.6%	COM	001055102