SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	Broadcom	8,178	$2,831	0.2%	$357.00	0.0%	Stock	11135F101
GRMN	Garmin	4,776	$969	0.1%	$216.69	0.0%	Stock	H2906T109
LLY	Eli Lilly and Company	312	$335	0.0%	$955.55	0.0%	Stock	532457108
EXAS	Exact Sciences	3,000	$305	0.0%	$80.31	0.0%	Stock	30063P105
VIG	Vanguard Dividend Appreciation Index Fund	1,229	$270	0.0%	$219.71	—	ETF	921908844
MCK	McKesson	250	$205	0.0%	$815.57	0.0%	Stock	58155Q103
EMR	Emerson Electric	1,515	$201	0.0%	$132.37	0.0%	Stock	291011104

Increased Positions (48)

ISRG Intuitive Surgical 1.5%

Value ($000) $20,895 (+29.0%) Shares 36,894 (+1.9%) Est. Cost $284.09 Unrealized +87.4%

VEEV Veeva Systems 0.5%

Value ($000) $7,546 (+74.1%) Shares 33,802 (+132.3%) Est. Cost $256.57 Unrealized +3.4%

ADP Automatic Data Processing 1.5%

Value ($000) $21,182 (-9.8%) Shares 82,345 (+2.9%) Est. Cost $59.01 Unrealized +348.7%

LIN Linde 1.8%

Value ($000) $25,078 (-8.3%) Shares 58,814 (+2.2%) Est. Cost $327.31 Unrealized +30.5%

ARM Arm Holdings 0.3%

Value ($000) $3,566 (+172.1%) Shares 32,624 (+252.2%) Est. Cost $118.45 Unrealized —

SPOT Spotify Technology 0.9%

Value ($000) $12,133 (-14.8%) Shares 20,894 (+2.4%) Est. Cost $230.84 Unrealized +170.8%

TDY Teledyne Technologies 0.2%

Value ($000) $2,640 (+266.9%) Shares 5,170 (+321.0%) Est. Cost $531.78 Unrealized -0.9%

AMZN Amazon.com 1.1%

Value ($000) $15,525 (+13.8%) Shares 67,261 (+8.3%) Est. Cost $141.24 Unrealized +62.0%

AXON Axon Enterprise 0.9%

Value ($000) $11,877 (-12.1%) Shares 20,912 (+11.1%) Est. Cost $233.40 Unrealized +165.9%

PAYX Paychex 1.6%

Value ($000) $21,947 (-6.7%) Shares 195,639 (+5.5%) Est. Cost $37.91 Unrealized +207.4%

PAYC Paycom Software 0.5%

Value ($000) $6,595 (+28.1%) Shares 41,381 (+67.4%) Est. Cost $213.24 Unrealized -17.0%

PYPL PayPal Holdings 0.8%

Value ($000) $11,369 (-9.6%) Shares 194,746 (+3.8%) Est. Cost $87.13 Unrealized -25.6%

VWO Vanguard Emerging Markets Stock Index Fund 0.3%

Value ($000) $4,419 (+35.4%) Shares 82,194 (+36.5%) Est. Cost $50.23 Unrealized —

MSFT Microsoft 1.6%

Value ($000) $22,281 (-4.8%) Shares 46,071 (+1.9%) Est. Cost $89.69 Unrealized +458.1%

— Amcor plc 0.7%

Value ($000) $9,201 (+12.8%) Shares 1,103,180 (+10.6%) Est. Cost $9.04 Unrealized -8.8%

TFC Truist Financial 0.9%

Value ($000) $12,718 (+8.8%) Shares 258,447 (+1.1%) Est. Cost $38.42 Unrealized +19.2%

META Meta Platforms 0.6%

Value ($000) $8,241 (-7.4%) Shares 12,485 (+3.0%) Est. Cost $154.82 Unrealized +331.0%

VRSN Verisign 0.3%

Value ($000) $3,549 (-12.2%) Shares 14,606 (+1.0%) Est. Cost $189.26 Unrealized +32.5%

LAMR Lamar Advertising 0.1%

Value ($000) $2,061 (+30.5%) Shares 16,284 (+26.2%) Est. Cost $123.41 Unrealized —

SIVR abrdn Physical Silver ETF 0.1%

Value ($000) $781 (+126.6%) Shares 11,550 (+49.0%) Est. Cost $40.93 Unrealized —

NKE Nike 0.7%

Value ($000) $10,362 (-4.0%) Shares 162,644 (+5.1%) Est. Cost $58.40 Unrealized +11.1%

GLD SPDR Gold Shares 0.2%

Value ($000) $2,106 (+24.5%) Shares 5,313 (+11.7%) Est. Cost $200.46 Unrealized —

COST Costco Wholesale 0.3%

Value ($000) $4,064 (+11.1%) Shares 4,713 (+19.3%) Est. Cost $733.87 Unrealized +23.4%

ECL Ecolab 0.9%

Value ($000) $12,464 (-3.0%) Shares 47,477 (+1.2%) Est. Cost $104.29 Unrealized +154.8%

SLV iShares Silver Trust 0.1%

Value ($000) $999 (+61.0%) Shares 15,505 (+5.9%) Est. Cost $26.30 Unrealized —

MRSH Marsh & McLennan 0.3%

Value ($000) $4,817 (-6.9%) Shares 25,967 (+1.2%) Est. Cost $98.02 Unrealized +90.2%

KO Coca-Cola 0.3%

Value ($000) $4,073 (+9.3%) Shares 58,258 (+3.6%) Est. Cost $37.37 Unrealized +85.7%

CEF Sprott Physical Gold & Sliver Trust 0.0%

Value ($000) $647 (+89.1%) Shares 14,125 (+51.5%) Est. Cost $30.12 Unrealized —

VOO Vanguard S&P 500 ETF 0.1%

Value ($000) $851 (+47.5%) Shares 1,357 (+44.1%) Est. Cost $544.10 Unrealized —

DEO Diageo ADR 0.4%

Value ($000) $5,570 (-4.2%) Shares 64,561 (+6.0%) Est. Cost $120.84 Unrealized —

BEN Franklin Resources 0.4%

Value ($000) $5,050 (+5.0%) Shares 211,400 (+1.7%) Est. Cost $25.33 Unrealized -10.5%

VEA Vanguard FTSE Developed Markets ETF 0.1%

Value ($000) $979 (+31.8%) Shares 15,675 (+26.4%) Est. Cost $55.57 Unrealized —

IPGP IPG Photonics 0.5%

Value ($000) $6,917 (+3.3%) Shares 96,604 (+14.2%) Est. Cost $111.89 Unrealized -27.1%

DUK Duke Energy 0.4%

Value ($000) $5,791 (-3.2%) Shares 49,406 (+2.2%) Est. Cost $56.06 Unrealized +116.9%

SPY SPDR S&P 500 ETF 0.4%

Value ($000) $4,906 (+3.9%) Shares 7,194 (+1.5%) Est. Cost $484.00 Unrealized —

NFLX Netflix 0.0%

Value ($000) $535 (-21.8%) Shares 5,710 (+900.0%) Est. Cost $106.95 Unrealized +0.8%

PG Procter & Gamble 0.3%

Value ($000) $3,610 (+4.3%) Shares 25,188 (+11.8%) Est. Cost $105.69 Unrealized +39.2%

CVX Chevron 1.2%

Value ($000) $16,994 (-0.9%) Shares 111,500 (+1.0%) Est. Cost $87.30 Unrealized +73.4%

ESGV Vanguard ESG U.S. Stock ETF 0.1%

Value ($000) $1,296 (+12.7%) Shares 10,713 (+10.3%) Est. Cost $101.92 Unrealized —

GDX VanEck Gold Miners ETF 0.0%

Value ($000) $479 (+36.7%) Shares 5,590 (+21.8%) Est. Cost $78.08 Unrealized —

TCAF T. Rowe Price Capital Appr Equity ETF 0.1%

Value ($000) $1,227 (+10.4%) Shares 32,091 (+8.9%) Est. Cost $32.14 Unrealized —

HOOD Robinhood Markets 0.2%

Value ($000) $2,418 (+4.0%) Shares 21,376 (+31.6%) Est. Cost $114.10 Unrealized +14.0%

O Realty Income 0.1%

Value ($000) $1,541 (+4.8%) Shares 27,343 (+13.0%) Est. Cost $50.01 Unrealized +14.7%

FNDX Schwab Fundamental US Large Company Index ETF 0.0%

Value ($000) $470 (+16.8%) Shares 17,283 (+12.9%) Est. Cost $24.10 Unrealized —

TDVG T. Rowe Price Dividend Growth ETF 0.1%

Value ($000) $769 (+7.1%) Shares 17,109 (+4.7%) Est. Cost $41.08 Unrealized —

WEC WEC Energy Group 0.0%

Value ($000) $503 (+10.2%) Shares 4,767 (+19.8%) Est. Cost $83.99 Unrealized +31.3%

INTU Intuit 1.5%

Value ($000) $20,678 (-0.2%) Shares 31,216 (+2.9%) Est. Cost $153.15 Unrealized +331.4%

GEHC GE Healthcare Technologies 0.0%

Value ($000) $241 (+13.3%) Shares 2,936 (+3.7%) Est. Cost $72.19 Unrealized +7.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	Intuitive Surgical	36,894 (+1.9%)	$20,895 (+29.0%)	1.5%	$284.09	+87.4%	Stock	46120E602
VEEV	Veeva Systems	33,802 (+132.3%)	$7,546 (+74.1%)	0.5%	$256.57	+3.4%	Stock	922475108
ADP	Automatic Data Processing	82,345 (+2.9%)	$21,182 (-9.8%)	1.5%	$59.01	+348.7%	Stock	053015103
LIN	Linde	58,814 (+2.2%)	$25,078 (-8.3%)	1.8%	$327.31	+30.5%	Stock	G54950103
ARM	Arm Holdings	32,624 (+252.2%)	$3,566 (+172.1%)	0.3%	$118.45	—	ADR	042068205
SPOT	Spotify Technology	20,894 (+2.4%)	$12,133 (-14.8%)	0.9%	$230.84	+170.8%	Stock	L8681T102
TDY	Teledyne Technologies	5,170 (+321.0%)	$2,640 (+266.9%)	0.2%	$531.78	-0.9%	Stock	879360105
AMZN	Amazon.com	67,261 (+8.3%)	$15,525 (+13.8%)	1.1%	$141.24	+62.0%	Stock	023135106
AXON	Axon Enterprise	20,912 (+11.1%)	$11,877 (-12.1%)	0.9%	$233.40	+165.9%	Stock	05464C101
PAYX	Paychex	195,639 (+5.5%)	$21,947 (-6.7%)	1.6%	$37.91	+207.4%	Stock	704326107
PAYC	Paycom Software	41,381 (+67.4%)	$6,595 (+28.1%)	0.5%	$213.24	-17.0%	Stock	70432V102
PYPL	PayPal Holdings	194,746 (+3.8%)	$11,369 (-9.6%)	0.8%	$87.13	-25.6%	Stock	70450Y103
VWO	Vanguard Emerging Markets Stock Index Fund	82,194 (+36.5%)	$4,419 (+35.4%)	0.3%	$50.23	—	ETF	922042858
MSFT	Microsoft	46,071 (+1.9%)	$22,281 (-4.8%)	1.6%	$89.69	+458.1%	Stock	594918104
—	Amcor plc	1,103,180 (+10.6%)	$9,201 (+12.8%)	0.7%	$9.04	-8.8%	Stock	G0250X107
TFC	Truist Financial	258,447 (+1.1%)	$12,718 (+8.8%)	0.9%	$38.42	+19.2%	Stock	89832Q109
META	Meta Platforms	12,485 (+3.0%)	$8,241 (-7.4%)	0.6%	$154.82	+331.0%	Stock	30303M102
VRSN	Verisign	14,606 (+1.0%)	$3,549 (-12.2%)	0.3%	$189.26	+32.5%	Stock	92343E102
LAMR	Lamar Advertising	16,284 (+26.2%)	$2,061 (+30.5%)	0.1%	$123.41	—	REIT	512816109
SIVR	abrdn Physical Silver ETF	11,550 (+49.0%)	$781 (+126.6%)	0.1%	$40.93	—	ETF	003264108
NKE	Nike	162,644 (+5.1%)	$10,362 (-4.0%)	0.7%	$58.40	+11.1%	Stock	654106103
GLD	SPDR Gold Shares	5,313 (+11.7%)	$2,106 (+24.5%)	0.2%	$200.46	—	ETF	78463V107
COST	Costco Wholesale	4,713 (+19.3%)	$4,064 (+11.1%)	0.3%	$733.87	+23.4%	Stock	22160K105
ECL	Ecolab	47,477 (+1.2%)	$12,464 (-3.0%)	0.9%	$104.29	+154.8%	Stock	278865100
SLV	iShares Silver Trust	15,505 (+5.9%)	$999 (+61.0%)	0.1%	$26.30	—	ETF	46428Q109
MRSH	Marsh & McLennan	25,967 (+1.2%)	$4,817 (-6.9%)	0.3%	$98.02	+90.2%	Stock	571748102
KO	Coca-Cola	58,258 (+3.6%)	$4,073 (+9.3%)	0.3%	$37.37	+85.7%	Stock	191216100
CEF	Sprott Physical Gold & Sliver Trust	14,125 (+51.5%)	$647 (+89.1%)	0.0%	$30.12	—	CEF	85208R101
VOO	Vanguard S&P 500 ETF	1,357 (+44.1%)	$851 (+47.5%)	0.1%	$544.10	—	ETF	922908363
DEO	Diageo ADR	64,561 (+6.0%)	$5,570 (-4.2%)	0.4%	$120.84	—	ADR	25243Q205
BEN	Franklin Resources	211,400 (+1.7%)	$5,050 (+5.0%)	0.4%	$25.33	-10.5%	Stock	354613101
VEA	Vanguard FTSE Developed Markets ETF	15,675 (+26.4%)	$979 (+31.8%)	0.1%	$55.57	—	ETF	921943858
IPGP	IPG Photonics	96,604 (+14.2%)	$6,917 (+3.3%)	0.5%	$111.89	-27.1%	Stock	44980X109
DUK	Duke Energy	49,406 (+2.2%)	$5,791 (-3.2%)	0.4%	$56.06	+116.9%	Stock	26441C204
SPY	SPDR S&P 500 ETF	7,194 (+1.5%)	$4,906 (+3.9%)	0.4%	$484.00	—	ETF	78462F103
NFLX	Netflix	5,710 (+900.0%)	$535 (-21.8%)	0.0%	$106.95	+0.8%	Stock	64110L106
PG	Procter & Gamble	25,188 (+11.8%)	$3,610 (+4.3%)	0.3%	$105.69	+39.2%	Stock	742718109
CVX	Chevron	111,500 (+1.0%)	$16,994 (-0.9%)	1.2%	$87.30	+73.4%	Stock	166764100
ESGV	Vanguard ESG U.S. Stock ETF	10,713 (+10.3%)	$1,296 (+12.7%)	0.1%	$101.92	—	ETF	921910733
GDX	VanEck Gold Miners ETF	5,590 (+21.8%)	$479 (+36.7%)	0.0%	$78.08	—	ETF	92189F106
TCAF	T. Rowe Price Capital Appr Equity ETF	32,091 (+8.9%)	$1,227 (+10.4%)	0.1%	$32.14	—	ETF	87283Q867
HOOD	Robinhood Markets	21,376 (+31.6%)	$2,418 (+4.0%)	0.2%	$114.10	+14.0%	Stock	770700102
O	Realty Income	27,343 (+13.0%)	$1,541 (+4.8%)	0.1%	$50.01	+14.7%	REIT	756109104
FNDX	Schwab Fundamental US Large Company Index ETF	17,283 (+12.9%)	$470 (+16.8%)	0.0%	$24.10	—	ETF	808524771
TDVG	T. Rowe Price Dividend Growth ETF	17,109 (+4.7%)	$769 (+7.1%)	0.1%	$41.08	—	ETF	87283Q404
WEC	WEC Energy Group	4,767 (+19.8%)	$503 (+10.2%)	0.0%	$83.99	+31.3%	Stock	92939U106
INTU	Intuit	31,216 (+2.9%)	$20,678 (-0.2%)	1.5%	$153.15	+331.4%	Stock	461202103
GEHC	GE Healthcare Technologies	2,936 (+3.7%)	$241 (+13.3%)	0.0%	$72.19	+7.9%	Stock	36266G107

Exited Positions (5)

SEE Sealed Air 0.0%

Value ($000) $346 Shares 9,786 Est. Cost $57.00 Unrealized -32.3%

COP ConocoPhillips 0.0%

Value ($000) $294 Shares 3,113 Est. Cost $101.15 Unrealized -11.0%

TRV The Travelers Companies 0.0%

Value ($000) $279 Shares 1,000 Est. Cost $206.72 Unrealized +35.7%

MMM 3M Company 0.0%

Value ($000) $255 Shares 1,643 Est. Cost $80.71 Unrealized +102.2%

VZ Verizon 0.0%

Value ($000) $232 Shares 5,276 Est. Cost $35.99 Unrealized +12.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEE	Sealed Air	9,786	$346	0.0%	$57.00	-32.3%	—	81211K100
COP	ConocoPhillips	3,113	$294	0.0%	$101.15	-11.0%	—	20825C104
TRV	The Travelers Companies	1,000	$279	0.0%	$206.72	+35.7%	—	89417E109
MMM	3M Company	1,643	$255	0.0%	$80.71	+102.2%	—	88579Y101
VZ	Verizon	5,276	$232	0.0%	$35.99	+12.5%	—	92343V104

Decreased Positions (37)

ORCL Oracle 2.0%

Value ($000) $28,321 (-31.6%) Shares 145,305 (-1.3%) Est. Cost $29.07 Unrealized +718.8%

GOOG Alphabet C 4.0%

Value ($000) $56,030 (+21.6%) Shares 178,553 (-5.6%) Est. Cost $107.69 Unrealized +165.9%

GOOGL Alphabet A 3.0%

Value ($000) $41,718 (+25.7%) Shares 133,285 (-2.4%) Est. Cost $109.09 Unrealized +161.8%

WAT Waters 2.9%

Value ($000) $39,521 (+24.7%) Shares 104,050 (-1.5%) Est. Cost $118.28 Unrealized +211.1%

AMD Advanced Micro Devices 2.0%

Value ($000) $27,445 (+30.5%) Shares 128,153 (-1.4%) Est. Cost $119.97 Unrealized +87.2%

REGN Regeneron Pharmaceuticals 1.1%

Value ($000) $15,842 (+29.7%) Shares 20,524 (-5.5%) Est. Cost $456.50 Unrealized +48.7%

AXP American Express 3.2%

Value ($000) $43,615 (+8.9%) Shares 117,894 (-2.3%) Est. Cost $62.40 Unrealized +472.1%

KMB Kimberly-Clark 0.8%

Value ($000) $10,562 (-22.2%) Shares 104,688 (-4.1%) Est. Cost $74.96 Unrealized +44.6%

MRK Merck & Co. 0.7%

Value ($000) $9,585 (+23.4%) Shares 91,060 (-1.6%) Est. Cost $55.90 Unrealized +66.8%

JNJ Johnson & Johnson 1.4%

Value ($000) $19,243 (+8.8%) Shares 92,985 (-2.6%) Est. Cost $68.54 Unrealized +187.4%

ALGN Align Technology 0.6%

Value ($000) $8,663 (+21.1%) Shares 55,480 (-2.9%) Est. Cost $237.58 Unrealized -39.7%

NVDA NVIDIA 0.9%

Value ($000) $12,515 (-10.0%) Shares 67,102 (-9.9%) Est. Cost $93.62 Unrealized +98.8%

AFL Aflac 1.6%

Value ($000) $22,385 (-5.6%) Shares 202,999 (-4.4%) Est. Cost $28.59 Unrealized +284.2%

ETSY Etsy 0.1%

Value ($000) $1,706 (-39.5%) Shares 30,773 (-27.5%) Est. Cost $126.19 Unrealized -51.6%

SNPS Synopsys 0.2%

Value ($000) $2,805 (-25.1%) Shares 5,971 (-21.3%) Est. Cost $565.30 Unrealized -21.4%

GPN Global Payments 0.4%

Value ($000) $6,135 (-12.9%) Shares 79,267 (-6.5%) Est. Cost $151.10 Unrealized -46.9%

CMCSA Comcast 0.7%

Value ($000) $9,524 (-8.5%) Shares 318,635 (-3.8%) Est. Cost $27.53 Unrealized +3.7%

ROK Rockwell Automation 0.6%

Value ($000) $8,041 (+9.3%) Shares 20,666 (-1.8%) Est. Cost $274.85 Unrealized +36.5%

VFC V.F. Corporation 0.1%

Value ($000) $1,915 (+22.9%) Shares 105,920 (-1.9%) Est. Cost $28.00 Unrealized -42.1%

ABBV AbbVie 0.1%

Value ($000) $1,032 (-19.2%) Shares 4,517 (-18.1%) Est. Cost $79.28 Unrealized +187.0%

MTCH Match Group 0.1%

Value ($000) $1,320 (-14.9%) Shares 40,873 (-7.0%) Est. Cost $39.68 Unrealized -17.2%

OVV Ovintiv 0.3%

Value ($000) $3,921 (-5.2%) Shares 100,063 (-2.3%) Est. Cost $18.35 Unrealized +111.2%

PFE Pfizer 0.4%

Value ($000) $5,032 (-3.5%) Shares 202,105 (-1.3%) Est. Cost $17.97 Unrealized +39.3%

MDT Medtronic 0.7%

Value ($000) $9,425 (-1.7%) Shares 98,112 (-2.6%) Est. Cost $64.80 Unrealized +49.9%

HQY HealthEquity 0.1%

Value ($000) $1,354 (-8.4%) Shares 14,784 (-5.2%) Est. Cost $65.57 Unrealized +46.0%

VTI Vanguard Total Stock Market Index Fund 0.2%

Value ($000) $2,448 (-4.7%) Shares 7,302 (-6.8%) Est. Cost $255.10 Unrealized —

VXUS Vanguard Total International Stock ETF 0.0%

Value ($000) $347 (-21.9%) Shares 4,605 (-23.9%) Est. Cost $69.09 Unrealized —

PLXS Plexus 0.1%

Value ($000) $1,214 (-7.4%) Shares 8,256 (-8.8%) Est. Cost $83.82 Unrealized +74.9%

MO Altria Group 0.0%

Value ($000) $265 (-25.6%) Shares 4,595 (-14.8%) Est. Cost $37.39 Unrealized +58.7%

LOW Lowe's 0.0%

Value ($000) $276 (-18.5%) Shares 1,146 (-15.1%) Est. Cost $161.84 Unrealized +48.2%

ASB Associated Banc-Corp 0.2%

Value ($000) $2,882 (-1.7%) Shares 111,870 (-1.8%) Est. Cost $12.29 Unrealized +108.1%

WTFC Wintrust Financial Corp 0.0%

Value ($000) $419 (-9.5%) Shares 3,000 (-14.3%) Est. Cost $96.52 Unrealized +37.8%

IWD iShares Russell 1000 Value ETF 0.2%

Value ($000) $2,883 (+1.3%) Shares 13,705 (-1.9%) Est. Cost $167.91 Unrealized —

WMT Walmart 0.0%

Value ($000) $584 (+6.0%) Shares 5,245 (-1.9%) Est. Cost $57.52 Unrealized +86.4%

QQQ Invesco QQQ Trust 0.0%

Value ($000) $267 (-8.2%) Shares 435 (-10.3%) Est. Cost $435.34 Unrealized —

MA Mastercard 0.0%

Value ($000) $603 (-3.6%) Shares 1,056 (-3.9%) Est. Cost $340.70 Unrealized +64.1%

AMGN Amgen 0.0%

Value ($000) $362 (+0.2%) Shares 1,105 (-13.6%) Est. Cost $271.99 Unrealized +16.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle	145,305 (-1.3%)	$28,321 (-31.6%)	2.0%	$29.07	+718.8%	Stock	68389X105
GOOG	Alphabet C	178,553 (-5.6%)	$56,030 (+21.6%)	4.0%	$107.69	+165.9%	Stock	02079K107
GOOGL	Alphabet A	133,285 (-2.4%)	$41,718 (+25.7%)	3.0%	$109.09	+161.8%	Stock	02079K305
WAT	Waters	104,050 (-1.5%)	$39,521 (+24.7%)	2.9%	$118.28	+211.1%	Stock	941848103
AMD	Advanced Micro Devices	128,153 (-1.4%)	$27,445 (+30.5%)	2.0%	$119.97	+87.2%	Stock	007903107
REGN	Regeneron Pharmaceuticals	20,524 (-5.5%)	$15,842 (+29.7%)	1.1%	$456.50	+48.7%	Stock	75886F107
AXP	American Express	117,894 (-2.3%)	$43,615 (+8.9%)	3.2%	$62.40	+472.1%	Stock	025816109
KMB	Kimberly-Clark	104,688 (-4.1%)	$10,562 (-22.2%)	0.8%	$74.96	+44.6%	Stock	494368103
MRK	Merck & Co.	91,060 (-1.6%)	$9,585 (+23.4%)	0.7%	$55.90	+66.8%	Stock	58933Y105
JNJ	Johnson & Johnson	92,985 (-2.6%)	$19,243 (+8.8%)	1.4%	$68.54	+187.4%	Stock	478160104
ALGN	Align Technology	55,480 (-2.9%)	$8,663 (+21.1%)	0.6%	$237.58	-39.7%	Stock	016255101
NVDA	NVIDIA	67,102 (-9.9%)	$12,515 (-10.0%)	0.9%	$93.62	+98.8%	Stock	67066G104
AFL	Aflac	202,999 (-4.4%)	$22,385 (-5.6%)	1.6%	$28.59	+284.2%	Stock	001055102
ETSY	Etsy	30,773 (-27.5%)	$1,706 (-39.5%)	0.1%	$126.19	-51.6%	Stock	29786A106
SNPS	Synopsys	5,971 (-21.3%)	$2,805 (-25.1%)	0.2%	$565.30	-21.4%	Stock	871607107
GPN	Global Payments	79,267 (-6.5%)	$6,135 (-12.9%)	0.4%	$151.10	-46.9%	Stock	37940X102
CMCSA	Comcast	318,635 (-3.8%)	$9,524 (-8.5%)	0.7%	$27.53	+3.7%	Stock	20030N101
ROK	Rockwell Automation	20,666 (-1.8%)	$8,041 (+9.3%)	0.6%	$274.85	+36.5%	Stock	773903109
VFC	V.F. Corporation	105,920 (-1.9%)	$1,915 (+22.9%)	0.1%	$28.00	-42.1%	Stock	918204108
ABBV	AbbVie	4,517 (-18.1%)	$1,032 (-19.2%)	0.1%	$79.28	+187.0%	Stock	00287Y109
MTCH	Match Group	40,873 (-7.0%)	$1,320 (-14.9%)	0.1%	$39.68	-17.2%	Stock	57667L107
OVV	Ovintiv	100,063 (-2.3%)	$3,921 (-5.2%)	0.3%	$18.35	+111.2%	Stock	69047Q102
PFE	Pfizer	202,105 (-1.3%)	$5,032 (-3.5%)	0.4%	$17.97	+39.3%	Stock	717081103
MDT	Medtronic	98,112 (-2.6%)	$9,425 (-1.7%)	0.7%	$64.80	+49.9%	Stock	G5960L103
HQY	HealthEquity	14,784 (-5.2%)	$1,354 (-8.4%)	0.1%	$65.57	+46.0%	Stock	42226A107
VTI	Vanguard Total Stock Market Index Fund	7,302 (-6.8%)	$2,448 (-4.7%)	0.2%	$255.10	—	ETF	922908769
VXUS	Vanguard Total International Stock ETF	4,605 (-23.9%)	$347 (-21.9%)	0.0%	$69.09	—	ETF	921909768
PLXS	Plexus	8,256 (-8.8%)	$1,214 (-7.4%)	0.1%	$83.82	+74.9%	Stock	729132100
MO	Altria Group	4,595 (-14.8%)	$265 (-25.6%)	0.0%	$37.39	+58.7%	Stock	02209S103
LOW	Lowe's	1,146 (-15.1%)	$276 (-18.5%)	0.0%	$161.84	+48.2%	Stock	548661107
ASB	Associated Banc-Corp	111,870 (-1.8%)	$2,882 (-1.7%)	0.2%	$12.29	+108.1%	Stock	045487105
WTFC	Wintrust Financial Corp	3,000 (-14.3%)	$419 (-9.5%)	0.0%	$96.52	+37.8%	Stock	97650W108
IWD	iShares Russell 1000 Value ETF	13,705 (-1.9%)	$2,883 (+1.3%)	0.2%	$167.91	—	ETF	464287598
WMT	Walmart	5,245 (-1.9%)	$584 (+6.0%)	0.0%	$57.52	+86.4%	Stock	931142103
QQQ	Invesco QQQ Trust	435 (-10.3%)	$267 (-8.2%)	0.0%	$435.34	—	ETF	46090E103
MA	Mastercard	1,056 (-3.9%)	$603 (-3.6%)	0.0%	$340.70	+64.1%	Stock	57636Q104
AMGN	Amgen	1,105 (-13.6%)	$362 (+0.2%)	0.0%	$271.99	+16.2%	Stock	031162100

Unchanged Positions (62)

CSCO Cisco Systems 2.9%

Value ($000) $39,941 Shares 518,511 Est. Cost $19.16 Unrealized +285.1%

HD Home Depot 1.4%

Value ($000) $20,058 Shares 58,291 Est. Cost $63.74 Unrealized +472.0%

UBER Uber Technologies 1.3%

Value ($000) $17,894 Shares 218,988 Est. Cost $45.56 Unrealized +97.6%

AAPL Apple 4.0%

Value ($000) $54,705 Shares 201,226 Est. Cost $86.42 Unrealized +210.5%

WFC Wells Fargo 2.3%

Value ($000) $32,475 Shares 348,448 Est. Cost $31.90 Unrealized +171.6%

ADI Analog Devices 1.5%

Value ($000) $21,365 Shares 78,779 Est. Cost $79.15 Unrealized +216.6%

SYY Sysco 1.4%

Value ($000) $19,012 Shares 258,005 Est. Cost $25.96 Unrealized +190.9%

IDXX Idexx Laboratories 2.4%

Value ($000) $33,487 Shares 49,498 Est. Cost $149.87 Unrealized +354.4%

SYK Stryker 2.8%

Value ($000) $38,243 Shares 108,809 Est. Cost $68.99 Unrealized +426.8%

AME Ametek 1.6%

Value ($000) $22,166 Shares 107,964 Est. Cost $61.19 Unrealized +217.6%

USB U.S. Bancorp 1.1%

Value ($000) $15,214 Shares 285,121 Est. Cost $25.66 Unrealized +89.9%

ABT Abbott Laboratories 1.4%

Value ($000) $18,758 Shares 149,720 Est. Cost $30.64 Unrealized +315.5%

SLB SLB 0.7%

Value ($000) $10,186 Shares 265,411 Est. Cost $28.06 Unrealized +28.5%

INTC Intel 1.0%

Value ($000) $13,383 Shares 362,673 Est. Cost $23.60 Unrealized +60.0%

UNP Union Pacific 1.7%

Value ($000) $23,596 Shares 102,004 Est. Cost $85.97 Unrealized +164.4%

V Visa 1.6%

Value ($000) $22,724 Shares 64,793 Est. Cost $94.99 Unrealized +258.3%

ENB Enbridge 0.8%

Value ($000) $11,172 Shares 233,571 Est. Cost $25.22 Unrealized +86.8%

PLTR Palantir Technologies 1.7%

Value ($000) $23,110 Shares 130,012 Est. Cost $34.25 Unrealized +428.5%

SO The Southern Company 0.4%

Value ($000) $5,521 Shares 63,310 Est. Cost $36.46 Unrealized +149.3%

IBM IBM 0.7%

Value ($000) $9,897 Shares 33,413 Est. Cost $94.51 Unrealized +216.2%

EVRG Evergy 0.7%

Value ($000) $10,020 Shares 138,226 Est. Cost $47.69 Unrealized +58.2%

KIM Kimco Realty 0.3%

Value ($000) $3,790 Shares 186,963 Est. Cost $17.58 Unrealized +17.0%

SSNC SS&C Technologies 1.3%

Value ($000) $17,297 Shares 197,862 Est. Cost $40.82 Unrealized +108.9%

GE GE Aerospace 0.8%

Value ($000) $10,811 Shares 35,096 Est. Cost $65.98 Unrealized +355.9%

FAST Fastenal Company 0.1%

Value ($000) $1,047 Shares 26,102 Est. Cost $32.19 Unrealized +30.5%

FICO Fair Isaac 0.1%

Value ($000) $1,808 Shares 1,069 Est. Cost $187.37 Unrealized +818.7%

BRK/B Berkshire Hathaway 2.4%

Value ($000) $33,787 Shares 67,217 Est. Cost $163.92 Unrealized +203.5%

XOM Exxon Mobil 0.2%

Value ($000) $2,998 Shares 24,909 Est. Cost $58.20 Unrealized +98.4%

SLM SLM Corporation 0.6%

Value ($000) $7,715 Shares 285,094 Est. Cost $10.72 Unrealized +155.8%

DIS Walt Disney 1.0%

Value ($000) $13,177 Shares 115,824 Est. Cost $67.09 Unrealized +63.3%

ANET Arista Networks 0.1%

Value ($000) $1,263 Shares 9,639 Est. Cost $102.84 Unrealized +33.9%

— Indivior PLC 0.0%

Value ($000) $359 Shares 10,003 Est. Cost $9.53 Unrealized —

NIC Nicolet Bankshares 0.1%

Value ($000) $774 Shares 6,379 Est. Cost $49.42 Unrealized +155.3%

ADBE Adobe 1.8%

Value ($000) $24,232 Shares 69,236 Est. Cost $78.53 Unrealized +333.1%

GLTR abrdn Physical Precious Metals ETF 0.0%

Value ($000) $397 Shares 1,930 Est. Cost $138.15 Unrealized —

TSCO Tractor Supply 0.0%

Value ($000) $536 Shares 10,725 Est. Cost $53.78 Unrealized -0.1%

CAT Caterpillar 0.0%

Value ($000) $405 Shares 706 Est. Cost $314.57 Unrealized +76.6%

PANW Palo Alto Networks 0.0%

Value ($000) $597 Shares 3,240 Est. Cost $174.87 Unrealized +15.4%

CP Canadian Pacific Kansas City 0.5%

Value ($000) $6,662 Shares 90,475 Est. Cost $77.89 Unrealized -5.5%

RTX RTX Corporation 0.0%

Value ($000) $446 Shares 2,433 Est. Cost $91.57 Unrealized +89.3%

SBUX Starbucks 1.0%

Value ($000) $13,591 Shares 161,393 Est. Cost $49.42 Unrealized +70.1%

SHOP Shopify 0.0%

Value ($000) $429 Shares 2,668 Est. Cost $70.09 Unrealized +129.1%

PEP PepsiCo 0.1%

Value ($000) $1,825 Shares 12,713 Est. Cost $95.10 Unrealized +53.4%

BKNG Booking Holdings 0.2%

Value ($000) $3,208 Shares 599 Est. Cost $1881.26 Unrealized +173.1%

CWB SPDR Bloomberg Convertible Securities ETF 0.1%

Value ($000) $1,672 Shares 18,743 Est. Cost $82.96 Unrealized —

ASML ASML Holding 0.0%

Value ($000) $242 Shares 226 Est. Cost $968.09 Unrealized —

JPM JPMorgan Chase 0.0%

Value ($000) $630 Shares 1,957 Est. Cost $120.67 Unrealized +156.5%

TJX The TJX Companies 0.0%

Value ($000) $217 Shares 1,410 Est. Cost $132.28 Unrealized +11.7%

OSK Oshkosh 0.0%

Value ($000) $383 Shares 3,048 Est. Cost $131.45 Unrealized -2.7%

VUG Vanguard Growth ETF 0.0%

Value ($000) $450 Shares 922 Est. Cost $438.40 Unrealized —

TSLA Tesla 0.1%

Value ($000) $969 Shares 2,155 Est. Cost $238.86 Unrealized +85.6%

MOAT Morningstar Wide Moat ETF 0.0%

Value ($000) $251 Shares 2,426 Est. Cost $78.99 Unrealized —

IJJ iShares S&P Mid-Cap 400 Value ETF 0.0%

Value ($000) $592 Shares 4,502 Est. Cost $110.62 Unrealized —

SHEL Shell plc ADR 0.0%

Value ($000) $218 Shares 2,965 Est. Cost $73.28 Unrealized —

IJR iShares Core S&P Small-Cap ETF 0.0%

Value ($000) $496 Shares 4,125 Est. Cost $112.45 Unrealized —

PM Philip Morris 0.0%

Value ($000) $491 Shares 3,060 Est. Cost $82.56 Unrealized +86.0%

SCHG Schwab US Large-Cap Growth ETF 0.0%

Value ($000) $226 Shares 6,936 Est. Cost $29.21 Unrealized —

MCD McDonald's 0.0%

Value ($000) $684 Shares 2,237 Est. Cost $257.45 Unrealized +18.5%

CL Colgate-Palmolive 0.0%

Value ($000) $284 Shares 3,600 Est. Cost $46.66 Unrealized +67.8%

BRK/A Berkshire Hathaway Class A 0.2%

Value ($000) $3,019 Shares 4 Est. Cost $428128.38 Unrealized +74.3%

TROW T. Rowe Price Group 1.0%

Value ($000) $13,295 Shares 129,857 Est. Cost $58.13 Unrealized +75.8%

AMP Ameriprise Financial 0.0%

Value ($000) $258 Shares 526 Est. Cost $333.50 Unrealized +42.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSCO	Cisco Systems	518,511	$39,941	2.9%	$19.16	+285.1%	Stock	17275R102
HD	Home Depot	58,291	$20,058	1.4%	$63.74	+472.0%	Stock	437076102
UBER	Uber Technologies	218,988	$17,894	1.3%	$45.56	+97.6%	Stock	90353T100
AAPL	Apple	201,226	$54,705	4.0%	$86.42	+210.5%	Stock	037833100
WFC	Wells Fargo	348,448	$32,475	2.3%	$31.90	+171.6%	Stock	949746101
ADI	Analog Devices	78,779	$21,365	1.5%	$79.15	+216.6%	Stock	032654105
SYY	Sysco	258,005	$19,012	1.4%	$25.96	+190.9%	Stock	871829107
IDXX	Idexx Laboratories	49,498	$33,487	2.4%	$149.87	+354.4%	Stock	45168D104
SYK	Stryker	108,809	$38,243	2.8%	$68.99	+426.8%	Stock	863667101
AME	Ametek	107,964	$22,166	1.6%	$61.19	+217.6%	Stock	031100100
USB	U.S. Bancorp	285,121	$15,214	1.1%	$25.66	+89.9%	Stock	902973304
ABT	Abbott Laboratories	149,720	$18,758	1.4%	$30.64	+315.5%	Stock	002824100
SLB	SLB	265,411	$10,186	0.7%	$28.06	+28.5%	Stock	806857108
INTC	Intel	362,673	$13,383	1.0%	$23.60	+60.0%	Stock	458140100
UNP	Union Pacific	102,004	$23,596	1.7%	$85.97	+164.4%	Stock	907818108
V	Visa	64,793	$22,724	1.6%	$94.99	+258.3%	Stock	92826C839
ENB	Enbridge	233,571	$11,172	0.8%	$25.22	+86.8%	Stock	29250N105
PLTR	Palantir Technologies	130,012	$23,110	1.7%	$34.25	+428.5%	Stock	69608A108
SO	The Southern Company	63,310	$5,521	0.4%	$36.46	+149.3%	Stock	842587107
IBM	IBM	33,413	$9,897	0.7%	$94.51	+216.2%	Stock	459200101
EVRG	Evergy	138,226	$10,020	0.7%	$47.69	+58.2%	Stock	30034W106
KIM	Kimco Realty	186,963	$3,790	0.3%	$17.58	+17.0%	REIT	49446R109
SSNC	SS&C Technologies	197,862	$17,297	1.3%	$40.82	+108.9%	Stock	78467J100
GE	GE Aerospace	35,096	$10,811	0.8%	$65.98	+355.9%	Stock	369604301
FAST	Fastenal Company	26,102	$1,047	0.1%	$32.19	+30.5%	Stock	311900104
FICO	Fair Isaac	1,069	$1,808	0.1%	$187.37	+818.7%	Stock	303250104
BRK/B	Berkshire Hathaway	67,217	$33,787	2.4%	$163.92	+203.5%	Stock	084670702
XOM	Exxon Mobil	24,909	$2,998	0.2%	$58.20	+98.4%	Stock	30231G102
SLM	SLM Corporation	285,094	$7,715	0.6%	$10.72	+155.8%	Stock	78442P106
DIS	Walt Disney	115,824	$13,177	1.0%	$67.09	+63.3%	Stock	254687106
ANET	Arista Networks	9,639	$1,263	0.1%	$102.84	+33.9%	Stock	040413205
—	Indivior PLC	10,003	$359	0.0%	$9.53	—	Stock	G4766E116
NIC	Nicolet Bankshares	6,379	$774	0.1%	$49.42	+155.3%	Stock	65406E102
ADBE	Adobe	69,236	$24,232	1.8%	$78.53	+333.1%	Stock	00724F101
GLTR	abrdn Physical Precious Metals ETF	1,930	$397	0.0%	$138.15	—	ETF	003263100
TSCO	Tractor Supply	10,725	$536	0.0%	$53.78	-0.1%	Stock	892356106
CAT	Caterpillar	706	$405	0.0%	$314.57	+76.6%	Stock	149123101
PANW	Palo Alto Networks	3,240	$597	0.0%	$174.87	+15.4%	Stock	697435105
CP	Canadian Pacific Kansas City	90,475	$6,662	0.5%	$77.89	-5.5%	Stock	13646K108
RTX	RTX Corporation	2,433	$446	0.0%	$91.57	+89.3%	Stock	75513E101
SBUX	Starbucks	161,393	$13,591	1.0%	$49.42	+70.1%	Stock	855244109
SHOP	Shopify	2,668	$429	0.0%	$70.09	+129.1%	Stock	82509L107
PEP	PepsiCo	12,713	$1,825	0.1%	$95.10	+53.4%	Stock	713448108
BKNG	Booking Holdings	599	$3,208	0.2%	$1881.26	+173.1%	Stock	09857L108
CWB	SPDR Bloomberg Convertible Securities ETF	18,743	$1,672	0.1%	$82.96	—	ETF	78464A359
ASML	ASML Holding	226	$242	0.0%	$968.09	—	ADR	N07059210
JPM	JPMorgan Chase	1,957	$630	0.0%	$120.67	+156.5%	Stock	46625H100
TJX	The TJX Companies	1,410	$217	0.0%	$132.28	+11.7%	Stock	872540109
OSK	Oshkosh	3,048	$383	0.0%	$131.45	-2.7%	Stock	688239201
VUG	Vanguard Growth ETF	922	$450	0.0%	$438.40	—	ETF	922908736
TSLA	Tesla	2,155	$969	0.1%	$238.86	+85.6%	Stock	88160R101
MOAT	Morningstar Wide Moat ETF	2,426	$251	0.0%	$78.99	—	ETF	92189F643
IJJ	iShares S&P Mid-Cap 400 Value ETF	4,502	$592	0.0%	$110.62	—	ETF	464287705
SHEL	Shell plc ADR	2,965	$218	0.0%	$73.28	—	ADR	780259305
IJR	iShares Core S&P Small-Cap ETF	4,125	$496	0.0%	$112.45	—	ETF	464287804
PM	Philip Morris	3,060	$491	0.0%	$82.56	+86.0%	Stock	718172109
SCHG	Schwab US Large-Cap Growth ETF	6,936	$226	0.0%	$29.21	—	ETF	808524300
MCD	McDonald's	2,237	$684	0.0%	$257.45	+18.5%	Stock	580135101
CL	Colgate-Palmolive	3,600	$284	0.0%	$46.66	+67.8%	Stock	194162103
BRK/A	Berkshire Hathaway Class A	4	$3,019	0.2%	$428128.38	+74.3%	Stock	084670108
TROW	T. Rowe Price Group	129,857	$13,295	1.0%	$58.13	+75.8%	Stock	74144T108
AMP	Ameriprise Financial	526	$258	0.0%	$333.50	+42.1%	Stock	03076C106