SAYBROOK CAPITAL /NC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADP	Automatic Data Processing	70,984 (+6.2%)	$18,259 (-6.9%)	4.5%	$77.97	+239.7%	COM	053015103
MDLZ	Mondelez Intl Inc Cl A	167,750 (+3.0%)	$9,030 (-11.3%)	2.2%	$39.96	+42.8%	COM	609207105
NSRGY	Nestle Sa	76,997 (+1.1%)	$7,606 (+8.8%)	1.9%	$74.53	—	COM	641069406
NKE	Nike Corp	193,042 (+15.0%)	$12,299 (+5.0%)	3.1%	$94.48	-31.3%	COM	654106103
HON	Honeywell International Inc	50,654 (+3.1%)	$9,882 (-4.4%)	2.5%	$98.27	+98.5%	COM	438516106
UNP	Union Pacific	20,579 (+4.8%)	$4,760 (+2.6%)	1.2%	$122.47	+85.6%	COM	907818108

Exited Positions (2)

AIV Apartment Invt & Mgmt Cl A 0.4%

Value ($000) $1,455 Shares 183,500 Est. Cost $9.03 Unrealized —

IONQ Ionq Inc Com 0.2%

Value ($000) $606 Shares 9,850 Est. Cost $10.68 Unrealized +424.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AIV	Apartment Invt & Mgmt Cl A	183,500	$1,455	0.4%	$9.03	—	—	03748R747
IONQ	Ionq Inc Com	9,850	$606	0.2%	$10.68	+424.8%	—	46222L108

Decreased Positions (5)

GOOG Google Inc Cl C 13.7%

Value ($000) $55,099 (+26.1%) Shares 175,585 (-2.1%) Est. Cost $107.12 Unrealized +167.3%

KVUE Kenvue Inc Com 1.7%

Value ($000) $6,670 (-14.3%) Shares 386,688 (-19.3%) Est. Cost $19.93 Unrealized -18.4%

FDS Factset Research Sys 3.7%

Value ($000) $14,918 (-4.4%) Shares 51,407 (-5.6%) Est. Cost $176.73 Unrealized +58.5%

PG Procter And Gamble Co 0.5%

Value ($000) $1,927 (-20.9%) Shares 13,443 (-15.1%) Est. Cost $60.77 Unrealized +142.2%

ALL Allstate Corp 0.1%

Value ($000) $257 (-19.3%) Shares 1,237 (-16.8%) Est. Cost $124.75 Unrealized +63.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Google Inc Cl C	175,585 (-2.1%)	$55,099 (+26.1%)	13.7%	$107.12	+167.3%	COM	02079K107
KVUE	Kenvue Inc Com	386,688 (-19.3%)	$6,670 (-14.3%)	1.7%	$19.93	-18.4%	COM	49177J102
FDS	Factset Research Sys	51,407 (-5.6%)	$14,918 (-4.4%)	3.7%	$176.73	+58.5%	COM	303075105
PG	Procter And Gamble Co	13,443 (-15.1%)	$1,927 (-20.9%)	0.5%	$60.77	+142.2%	COM	742718109
ALL	Allstate Corp	1,237 (-16.8%)	$257 (-19.3%)	0.1%	$124.75	+63.6%	COM	020002101

Unchanged Positions (30)

GOOGL Google Inc. Cl A 12.4%

Value ($000) $49,817 Shares 159,160 Est. Cost $106.83 Unrealized +167.3%

AAPL Apple Inc. 10.2%

Value ($000) $40,858 Shares 150,289 Est. Cost $85.16 Unrealized +215.1%

RTX Raytheon Technologies Com 3.8%

Value ($000) $15,448 Shares 84,230 Est. Cost $80.76 Unrealized +114.6%

SHW Sherwin-Williams Company 4.5%

Value ($000) $18,239 Shares 56,288 Est. Cost $215.50 Unrealized +55.0%

V Visa Inc 5.5%

Value ($000) $22,075 Shares 62,943 Est. Cost $71.14 Unrealized +378.5%

MSFT Microsoft Corp 1.8%

Value ($000) $7,383 Shares 15,265 Est. Cost $408.10 Unrealized +22.7%

NSC Norfolk Southern Corp. 2.5%

Value ($000) $10,190 Shares 35,293 Est. Cost $73.96 Unrealized +290.3%

IBTA Ibotta Inc CL A 0.3%

Value ($000) $1,370 Shares 60,258 Est. Cost $69.44 Unrealized -61.1%

JNJ Johnson & Johnson 0.5%

Value ($000) $2,083 Shares 10,067 Est. Cost $82.35 Unrealized +139.2%

CAT Caterpillar Inc. 0.3%

Value ($000) $1,146 Shares 2,000 Est. Cost $70.54 Unrealized +687.5%

AXP American Express 0.3%

Value ($000) $1,332 Shares 3,600 Est. Cost $91.26 Unrealized +291.2%

PEP Pepsico Inc. 0.9%

Value ($000) $3,612 Shares 25,165 Est. Cost $108.88 Unrealized +34.0%

— Laboratory Amer Hldgs Com New 0.2%

Value ($000) $627 Shares 2,500 Est. Cost $100.10 Unrealized —

NTIP Network-1 Technologies Com 0.1%

Value ($000) $432 Shares 330,043 Est. Cost $2.14 Unrealized -32.2%

HD Home Depot Inc 0.1%

Value ($000) $310 Shares 900 Est. Cost $250.06 Unrealized +45.8%

HKHHF Heineken Holding 0.2%

Value ($000) $755 Shares 10,300 Est. Cost $55.83 Unrealized +25.3%

KO Coca-Cola 0.2%

Value ($000) $940 Shares 13,440 Est. Cost $31.13 Unrealized +122.9%

MKL Markel Group Inc Com 0.1%

Value ($000) $430 Shares 200 Est. Cost $1659.34 Unrealized +22.1%

DE Deere & Company 0.7%

Value ($000) $2,654 Shares 5,700 Est. Cost $69.70 Unrealized +571.0%

MA Mastercard 2.2%

Value ($000) $9,017 Shares 15,795 Est. Cost $115.99 Unrealized +381.9%

APH Amphenol Corp New Cl A 0.1%

Value ($000) $298 Shares 2,204 Est. Cost $81.39 Unrealized +64.1%

BRK/B Berkshire Hathaway Inc Cl B 13.0%

Value ($000) $52,165 Shares 103,779 Est. Cost $165.50 Unrealized +200.6%

MCO Moodys Corp Com 0.1%

Value ($000) $328 Shares 643 Est. Cost $310.36 Unrealized +57.0%

WMT Wal Mart Stores Inc. 0.1%

Value ($000) $253 Shares 2,275 Est. Cost $85.80 Unrealized +24.9%

XOM Exxon Mobil Corp 0.1%

Value ($000) $240 Shares 1,995 Est. Cost $109.70 Unrealized +5.3%

BRK/A Berkshire Hathaway Inc Cl A 4.1%

Value ($000) $16,606 Shares 22 Est. Cost $175227.31 Unrealized +326.0%

PFE Pfizer Inc. 0.1%

Value ($000) $361 Shares 14,500 Est. Cost $16.59 Unrealized +50.9%

DIS Disney Walt Co 0.2%

Value ($000) $842 Shares 7,400 Est. Cost $58.35 Unrealized +87.7%

DCOM Dime Cmnty Bancshares Com 0.2%

Value ($000) $819 Shares 27,202 Est. Cost $23.72 Unrealized +20.6%

OLNK Onelink Corporation 0.0%

Value ($000) $0 Shares 10,000 Est. Cost $0.00 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Google Inc. Cl A	159,160	$49,817	12.4%	$106.83	+167.3%	COM	02079K305
AAPL	Apple Inc.	150,289	$40,858	10.2%	$85.16	+215.1%	COM	037833100
RTX	Raytheon Technologies Com	84,230	$15,448	3.8%	$80.76	+114.6%	COM	75513E101
SHW	Sherwin-Williams Company	56,288	$18,239	4.5%	$215.50	+55.0%	COM	824348106
V	Visa Inc	62,943	$22,075	5.5%	$71.14	+378.5%	COM	92826C839
MSFT	Microsoft Corp	15,265	$7,383	1.8%	$408.10	+22.7%	COM	594918104
NSC	Norfolk Southern Corp.	35,293	$10,190	2.5%	$73.96	+290.3%	COM	655844108
IBTA	Ibotta Inc CL A	60,258	$1,370	0.3%	$69.44	-61.1%	COM	451051106
JNJ	Johnson & Johnson	10,067	$2,083	0.5%	$82.35	+139.2%	COM	478160104
CAT	Caterpillar Inc.	2,000	$1,146	0.3%	$70.54	+687.5%	COM	149123101
AXP	American Express	3,600	$1,332	0.3%	$91.26	+291.2%	COM	025816109
PEP	Pepsico Inc.	25,165	$3,612	0.9%	$108.88	+34.0%	COM	713448108
—	Laboratory Amer Hldgs Com New	2,500	$627	0.2%	$100.10	—	COM	50540R409
NTIP	Network-1 Technologies Com	330,043	$432	0.1%	$2.14	-32.2%	COM	64121N109
HD	Home Depot Inc	900	$310	0.1%	$250.06	+45.8%	COM	437076102
HKHHF	Heineken Holding	10,300	$755	0.2%	$55.83	+25.3%	COM	N39338194
KO	Coca-Cola	13,440	$940	0.2%	$31.13	+122.9%	COM	191216100
MKL	Markel Group Inc Com	200	$430	0.1%	$1659.34	+22.1%	COM	570535104
DE	Deere & Company	5,700	$2,654	0.7%	$69.70	+571.0%	COM	244199105
MA	Mastercard	15,795	$9,017	2.2%	$115.99	+381.9%	COM	57636Q104
APH	Amphenol Corp New Cl A	2,204	$298	0.1%	$81.39	+64.1%	COM	032095101
BRK/B	Berkshire Hathaway Inc Cl B	103,779	$52,165	13.0%	$165.50	+200.6%	COM	084670702
MCO	Moodys Corp Com	643	$328	0.1%	$310.36	+57.0%	COM	615369105
WMT	Wal Mart Stores Inc.	2,275	$253	0.1%	$85.80	+24.9%	COM	931142103
XOM	Exxon Mobil Corp	1,995	$240	0.1%	$109.70	+5.3%	COM	30231G102
BRK/A	Berkshire Hathaway Inc Cl A	22	$16,606	4.1%	$175227.31	+326.0%	COM	084670108
PFE	Pfizer Inc.	14,500	$361	0.1%	$16.59	+50.9%	COM	717081103
DIS	Disney Walt Co	7,400	$842	0.2%	$58.35	+87.7%	COM	254687106
DCOM	Dime Cmnty Bancshares Com	27,202	$819	0.2%	$23.72	+20.6%	COM	25432X102
OLNK	Onelink Corporation	10,000	$0	0.0%	$0.00	0.0%	COM	68267M106