FORBES J M & CO LLP Diversified Active

CIK: 0001067532 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 21, 2026

Total Value ($000): $1,235,044 (100.0% shares, 0.0% debt)

Holdings (141)

New Positions (4)

— AKRE FOCUS ETF 0.1%

Value ($000) $1,324 Shares 20,212 Est. Cost $65.51 Unrealized —

— BBH SELECT LARGE CAP ETF 0.1%

Value ($000) $957 Shares 59,338 Est. Cost $16.12 Unrealized —

MS MORGAN STANLEY 0.0%

Value ($000) $211 Shares 1,186 Est. Cost $166.47 Unrealized 0.0%

— QNITY ELECTRONICS INC 0.0%

Value ($000) $203 Shares 2,490 Est. Cost $81.65 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AKRE FOCUS ETF	20,212	$1,324	0.1%	$65.51	—	COM	74316p579
—	BBH SELECT LARGE CAP ETF	59,338	$957	0.1%	$16.12	—	COM	05528c675
MS	MORGAN STANLEY	1,186	$211	0.0%	$166.47	0.0%	COM	617446448
—	QNITY ELECTRONICS INC	2,490	$203	0.0%	$81.65	—	COM	74743l100

Increased Positions (32)

EMR EMERSON ELEC CO 1.0%

Value ($000) $12,716 (+701.8%) Shares 95,811 (+692.5%) Est. Cost $122.67 Unrealized +7.9%

BAC BANK OF AMERICA CORP 2.1%

Value ($000) $25,531 (+7.8%) Shares 464,194 (+1.2%) Est. Cost $24.23 Unrealized +117.4%

— SERVICENOW INC 0.7%

Value ($000) $8,385 (-16.7%) Shares 54,739 (+400.4%) Est. Cost $226.38 Unrealized —

RIO RIO TINTO PLC SPONS ADR 0.6%

Value ($000) $7,761 (+22.9%) Shares 96,978 (+1.4%) Est. Cost $43.26 Unrealized —

TJX TJX COS INC 1.6%

Value ($000) $19,254 (+7.4%) Shares 125,341 (+1.0%) Est. Cost $64.59 Unrealized +128.7%

IBM INTL. BUSINESS MACHINES CORP 1.7%

Value ($000) $21,133 (+6.1%) Shares 71,344 (+1.1%) Est. Cost $110.11 Unrealized +171.4%

— CISCO SYSTEMS INC 0.8%

Value ($000) $9,419 (+14.1%) Shares 122,275 (+1.3%) Est. Cost $54.38 Unrealized —

— O'REILLY AUTOMOTIVE INC 0.5%

Value ($000) $6,782 (-14.4%) Shares 74,359 (+1.2%) Est. Cost $153.69 Unrealized —

IBB ISHARES BIOTECHNOLOGY ETF 0.6%

Value ($000) $7,375 (+18.2%) Shares 43,700 (+1.1%) Est. Cost $133.36 Unrealized —

ANET ARISTA NETWORKS INC 0.8%

Value ($000) $9,467 (-8.6%) Shares 72,247 (+1.6%) Est. Cost $103.61 Unrealized +32.9%

— XYLEM INC 1.0%

Value ($000) $11,795 (-6.6%) Shares 86,616 (+1.2%) Est. Cost $85.92 Unrealized —

PANW PALO ALTO NETWORKS INC 0.6%

Value ($000) $7,117 (-8.3%) Shares 38,637 (+1.4%) Est. Cost $174.65 Unrealized +15.5%

— STE ST TECH SELECT SECTOR SPDR ETF 2.0%

Value ($000) $25,166 (+2.2%) Shares 174,798 (+100.0%) Est. Cost $80.62 Unrealized —

— ISHARES CORE INTL STOCK ETF 0.8%

Value ($000) $10,406 (+4.8%) Shares 122,947 (+2.3%) Est. Cost $77.54 Unrealized —

— SS ENERGY SELECT SECTOR 2.8%

Value ($000) $34,265 (+1.1%) Shares 766,392 (+102.0%) Est. Cost $38.88 Unrealized —

IJH ISHARES CORE S&P MID-CAP ETF 1.2%

Value ($000) $14,312 (+2.5%) Shares 216,846 (+1.4%) Est. Cost $90.59 Unrealized —

— JPMORGAN ULTRA-SHORT INCOME ETF 0.1%

Value ($000) $809 (+62.8%) Shares 15,987 (+63.3%) Est. Cost $50.54 Unrealized —

ADP AUTOMATIC DATA PROCESSING INC 0.2%

Value ($000) $2,430 (-11.2%) Shares 9,447 (+1.3%) Est. Cost $76.82 Unrealized +244.7%

— SPDR GOLD MINISHARES TRUST ETF 0.2%

Value ($000) $2,494 (+13.6%) Shares 29,211 (+1.7%) Est. Cost $1.50 Unrealized —

ECL ECOLAB INC 0.7%

Value ($000) $8,935 (-3.1%) Shares 34,036 (+1.0%) Est. Cost $156.23 Unrealized +70.1%

— SPDR PORTFOLIO EMERGING MARKETS ETF 1.1%

Value ($000) $13,440 (+1.8%) Shares 287,113 (+1.8%) Est. Cost $4.27 Unrealized —

CAT CATERPILLAR INC 0.1%

Value ($000) $796 (+30.7%) Shares 1,390 (+8.8%) Est. Cost $310.97 Unrealized +78.6%

IVV ISHARES CORE S&P 500 ETF 0.2%

Value ($000) $2,190 (+4.7%) Shares 3,197 (+2.3%) Est. Cost $91.68 Unrealized —

— NETFLIX INC 0.0%

Value ($000) $308 (-21.8%) Shares 3,280 (+900.0%) Est. Cost $174.83 Unrealized —

— SS UTILITIES SELECT SECTOR 0.3%

Value ($000) $3,645 (-2.1%) Shares 85,378 (+100.0%) Est. Cost $23.71 Unrealized —

— INVESCO QQQ TRUST SERIES 1 0.0%

Value ($000) $270 (+20.1%) Shares 439 (+17.4%) Est. Cost $560.92 Unrealized —

— STST CNSMRDSCRTNRY SLCTSCTR SPDR ETF 0.8%

Value ($000) $10,156 (-0.3%) Shares 85,054 (+100.0%) Est. Cost $59.79 Unrealized —

— 3M CO 0.0%

Value ($000) $497 (+5.3%) Shares 3,104 (+2.1%) Est. Cost $138.33 Unrealized —

— SPDR S&P 500 ETF TRUST 0.0%

Value ($000) $569 (+4.6%) Shares 834 (+2.2%) Est. Cost $570.18 Unrealized —

— SPDR S&P MIDCAP 400 ETF TRUST 0.0%

Value ($000) $216 (+7.2%) Shares 358 (+5.9%) Est. Cost $596.43 Unrealized —

— ST STRT MATRIALS SLCT SCTR SPDR ETF 0.1%

Value ($000) $1,025 (+1.2%) Shares 22,610 (+100.0%) Est. Cost $61.95 Unrealized —

YUM YUM BRANDS INC 0.0%

Value ($000) $503 (+0.8%) Shares 3,328 (+1.3%) Est. Cost $56.48 Unrealized +161.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EMR	EMERSON ELEC CO	95,811 (+692.5%)	$12,716 (+701.8%)	1.0%	$122.67	+7.9%	COM	291011104
BAC	BANK OF AMERICA CORP	464,194 (+1.2%)	$25,531 (+7.8%)	2.1%	$24.23	+117.4%	COM	060505104
—	SERVICENOW INC	54,739 (+400.4%)	$8,385 (-16.7%)	0.7%	$226.38	—	COM	81762p102
RIO	RIO TINTO PLC SPONS ADR	96,978 (+1.4%)	$7,761 (+22.9%)	0.6%	$43.26	—	COM	767204100
TJX	TJX COS INC	125,341 (+1.0%)	$19,254 (+7.4%)	1.6%	$64.59	+128.7%	COM	872540109
IBM	INTL. BUSINESS MACHINES CORP	71,344 (+1.1%)	$21,133 (+6.1%)	1.7%	$110.11	+171.4%	COM	459200101
—	CISCO SYSTEMS INC	122,275 (+1.3%)	$9,419 (+14.1%)	0.8%	$54.38	—	COM	17275r102
—	O'REILLY AUTOMOTIVE INC	74,359 (+1.2%)	$6,782 (-14.4%)	0.5%	$153.69	—	COM	67103h107
IBB	ISHARES BIOTECHNOLOGY ETF	43,700 (+1.1%)	$7,375 (+18.2%)	0.6%	$133.36	—	COM	464287556
ANET	ARISTA NETWORKS INC	72,247 (+1.6%)	$9,467 (-8.6%)	0.8%	$103.61	+32.9%	COM	040413205
—	XYLEM INC	86,616 (+1.2%)	$11,795 (-6.6%)	1.0%	$85.92	—	COM	98419m100
PANW	PALO ALTO NETWORKS INC	38,637 (+1.4%)	$7,117 (-8.3%)	0.6%	$174.65	+15.5%	COM	697435105
—	STE ST TECH SELECT SECTOR SPDR ETF	174,798 (+100.0%)	$25,166 (+2.2%)	2.0%	$80.62	—	COM	81369y803
—	ISHARES CORE INTL STOCK ETF	122,947 (+2.3%)	$10,406 (+4.8%)	0.8%	$77.54	—	COM	46432f834
—	SS ENERGY SELECT SECTOR	766,392 (+102.0%)	$34,265 (+1.1%)	2.8%	$38.88	—	COM	81369y506
IJH	ISHARES CORE S&P MID-CAP ETF	216,846 (+1.4%)	$14,312 (+2.5%)	1.2%	$90.59	—	COM	464287507
—	JPMORGAN ULTRA-SHORT INCOME ETF	15,987 (+63.3%)	$809 (+62.8%)	0.1%	$50.54	—	COM	46641q837
ADP	AUTOMATIC DATA PROCESSING INC	9,447 (+1.3%)	$2,430 (-11.2%)	0.2%	$76.82	+244.7%	COM	053015103
—	SPDR GOLD MINISHARES TRUST ETF	29,211 (+1.7%)	$2,494 (+13.6%)	0.2%	$1.50	—	COM	98149e303
ECL	ECOLAB INC	34,036 (+1.0%)	$8,935 (-3.1%)	0.7%	$156.23	+70.1%	COM	278865100
—	SPDR PORTFOLIO EMERGING MARKETS ETF	287,113 (+1.8%)	$13,440 (+1.8%)	1.1%	$4.27	—	COM	78463x509
CAT	CATERPILLAR INC	1,390 (+8.8%)	$796 (+30.7%)	0.1%	$310.97	+78.6%	COM	149123101
IVV	ISHARES CORE S&P 500 ETF	3,197 (+2.3%)	$2,190 (+4.7%)	0.2%	$91.68	—	COM	464287200
—	NETFLIX INC	3,280 (+900.0%)	$308 (-21.8%)	0.0%	$174.83	—	COM	64110l106
—	SS UTILITIES SELECT SECTOR	85,378 (+100.0%)	$3,645 (-2.1%)	0.3%	$23.71	—	COM	81369y886
—	INVESCO QQQ TRUST SERIES 1	439 (+17.4%)	$270 (+20.1%)	0.0%	$560.92	—	COM	46090e103
—	STST CNSMRDSCRTNRY SLCTSCTR SPDR ETF	85,054 (+100.0%)	$10,156 (-0.3%)	0.8%	$59.79	—	COM	81369y407
—	3M CO	3,104 (+2.1%)	$497 (+5.3%)	0.0%	$138.33	—	COM	88579y101
—	SPDR S&P 500 ETF TRUST	834 (+2.2%)	$569 (+4.6%)	0.0%	$570.18	—	COM	78462f103
—	SPDR S&P MIDCAP 400 ETF TRUST	358 (+5.9%)	$216 (+7.2%)	0.0%	$596.43	—	COM	78467y107
—	ST STRT MATRIALS SLCT SCTR SPDR ETF	22,610 (+100.0%)	$1,025 (+1.2%)	0.1%	$61.95	—	COM	81369y100
YUM	YUM BRANDS INC	3,328 (+1.3%)	$503 (+0.8%)	0.0%	$56.48	+161.5%	COM	988498101

Exited Positions (3)

— AMERICAN TOWER CORP REIT 0.0%

Value ($000) $217 Shares 1,128 Est. Cost $217.82 Unrealized —

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $212 Shares 425 Est. Cost $448.15 Unrealized +6.3%

— CHECK POINT SOFTWARE TECH LTD 0.0%

Value ($000) $208 Shares 1,005 Est. Cost $152.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AMERICAN TOWER CORP REIT	1,128	$217	0.0%	$217.82	—	—	03027x100
LMT	LOCKHEED MARTIN CORP	425	$212	0.0%	$448.15	+6.3%	—	539830109
—	CHECK POINT SOFTWARE TECH LTD	1,005	$208	0.0%	$152.79	—	—	m22465104

Decreased Positions (17)

HON HONEYWELL INTERNATIONAL INC 0.1%

Value ($000) $1,522 (-87.5%) Shares 7,804 (-86.5%) Est. Cost $106.35 Unrealized +83.4%

— SALESFORCE INC 0.1%

Value ($000) $1,486 (-83.4%) Shares 5,608 (-85.2%) Est. Cost $94.25 Unrealized —

— GINKGO BIOWORKS HOLDINGS INC CL A 0.7%

Value ($000) $8,646 (-44.1%) Shares 1,040,441 (-1.9%) Est. Cost $8.15 Unrealized —

— ORACLE CORPORATION 0.0%

Value ($000) $468 (-46.7%) Shares 2,402 (-23.1%) Est. Cost $145.78 Unrealized —

FISV FISERV INC 0.0%

Value ($000) $292 (-49.5%) Shares 4,343 (-3.1%) Est. Cost $58.60 Unrealized +43.1%

— COSTCO WHOLESALE CORP 0.2%

Value ($000) $2,076 (-7.9%) Shares 2,407 (-1.1%) Est. Cost $65.84 Unrealized —

— ADOBE INC 0.2%

Value ($000) $2,353 (-6.6%) Shares 6,724 (-5.8%) Est. Cost $123.42 Unrealized —

SCHW CHARLES SCHWAB CORP 0.1%

Value ($000) $949 (-12.0%) Shares 9,502 (-15.9%) Est. Cost $76.24 Unrealized +24.3%

— RTX CORPORATION 0.1%

Value ($000) $1,375 (+8.0%) Shares 7,497 (-1.4%) Est. Cost $5.29 Unrealized —

PAYX PAYCHEX INC 0.0%

Value ($000) $268 (-26.8%) Shares 2,386 (-17.3%) Est. Cost $107.07 Unrealized +8.8%

— ABBVIE INC 0.2%

Value ($000) $3,069 (-2.8%) Shares 13,432 (-1.5%) Est. Cost $38.87 Unrealized —

— ACCENTURE PLC CL A 0.1%

Value ($000) $986 (+6.9%) Shares 3,674 (-1.7%) Est. Cost $25.54 Unrealized —

SYK STRYKER CORPORATION 0.1%

Value ($000) $1,002 (-6.0%) Shares 2,852 (-1.1%) Est. Cost $73.34 Unrealized +395.6%

ITOT ISHARES CORE S&P TOTAL U.S. 0.7%

Value ($000) $8,344 (+0.6%) Shares 56,115 (-1.5%) Est. Cost $61.82 Unrealized —

DHR DANAHER CORP 0.0%

Value ($000) $401 (+12.8%) Shares 1,750 (-2.3%) Est. Cost $249.51 Unrealized -12.0%

PFE PFIZER INC 0.0%

Value ($000) $440 (-3.5%) Shares 17,686 (-1.3%) Est. Cost $22.25 Unrealized +12.5%

NSRGY NESTLE SA SPONS ADR 0.0%

Value ($000) $614 (+0.8%) Shares 6,219 (-6.4%) Est. Cost $78.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTERNATIONAL INC	7,804 (-86.5%)	$1,522 (-87.5%)	0.1%	$106.35	+83.4%	COM	438516106
—	SALESFORCE INC	5,608 (-85.2%)	$1,486 (-83.4%)	0.1%	$94.25	—	COM	79466l302
—	GINKGO BIOWORKS HOLDINGS INC CL A	1,040,441 (-1.9%)	$8,646 (-44.1%)	0.7%	$8.15	—	COM	37611x209
—	ORACLE CORPORATION	2,402 (-23.1%)	$468 (-46.7%)	0.0%	$145.78	—	COM	68389x105
FISV	FISERV INC	4,343 (-3.1%)	$292 (-49.5%)	0.0%	$58.60	+43.1%	COM	337738108
—	COSTCO WHOLESALE CORP	2,407 (-1.1%)	$2,076 (-7.9%)	0.2%	$65.84	—	COM	22160k105
—	ADOBE INC	6,724 (-5.8%)	$2,353 (-6.6%)	0.2%	$123.42	—	COM	00724f101
SCHW	CHARLES SCHWAB CORP	9,502 (-15.9%)	$949 (-12.0%)	0.1%	$76.24	+24.3%	COM	808513105
—	RTX CORPORATION	7,497 (-1.4%)	$1,375 (+8.0%)	0.1%	$5.29	—	COM	75513e101
PAYX	PAYCHEX INC	2,386 (-17.3%)	$268 (-26.8%)	0.0%	$107.07	+8.8%	COM	704326107
—	ABBVIE INC	13,432 (-1.5%)	$3,069 (-2.8%)	0.2%	$38.87	—	COM	00287y109
—	ACCENTURE PLC CL A	3,674 (-1.7%)	$986 (+6.9%)	0.1%	$25.54	—	COM	g1151c101
SYK	STRYKER CORPORATION	2,852 (-1.1%)	$1,002 (-6.0%)	0.1%	$73.34	+395.6%	COM	863667101
ITOT	ISHARES CORE S&P TOTAL U.S.	56,115 (-1.5%)	$8,344 (+0.6%)	0.7%	$61.82	—	COM	464287150
DHR	DANAHER CORP	1,750 (-2.3%)	$401 (+12.8%)	0.0%	$249.51	-12.0%	COM	235851102
PFE	PFIZER INC	17,686 (-1.3%)	$440 (-3.5%)	0.0%	$22.25	+12.5%	COM	717081103
NSRGY	NESTLE SA SPONS ADR	6,219 (-6.4%)	$614 (+0.8%)	0.0%	$78.82	—	COM	641069406

Unchanged Positions (88)

— ALPHABET INC CL A 5.8%

Value ($000) $71,222 Shares 227,545 Est. Cost $135.72 Unrealized —

IAU ISHARES GOLD TRUST 7.8%

Value ($000) $96,037 Shares 1,183,161 Est. Cost $34.27 Unrealized —

MSFT MICROSOFT CORP 6.2%

Value ($000) $76,280 Shares 157,727 Est. Cost $67.63 Unrealized +640.2%

AAPL APPLE INC 5.4%

Value ($000) $66,956 Shares 246,287 Est. Cost $104.09 Unrealized +157.8%

— MERCK & CO INC 1.5%

Value ($000) $17,996 Shares 170,967 Est. Cost $59.81 Unrealized —

LLY LILLY ELI & CO 1.0%

Value ($000) $12,624 Shares 11,747 Est. Cost $705.42 Unrealized +35.5%

JNJ JOHNSON & JOHNSON 2.0%

Value ($000) $24,153 Shares 116,707 Est. Cost $76.53 Unrealized +157.4%

AMZN AMAZON.COM INC 3.6%

Value ($000) $43,909 Shares 190,229 Est. Cost $125.88 Unrealized +81.8%

— BROADCOM INC 3.3%

Value ($000) $41,071 Shares 118,669 Est. Cost $192.97 Unrealized —

— EATON CORP PLC 1.0%

Value ($000) $12,786 Shares 40,143 Est. Cost $11.81 Unrealized —

— LINDE PLC 1.3%

Value ($000) $16,444 Shares 38,566 Est. Cost $27.51 Unrealized —

WMT WALMART INC 1.7%

Value ($000) $20,646 Shares 185,319 Est. Cost $51.50 Unrealized +108.2%

HD HOME DEPOT INC 0.7%

Value ($000) $8,681 Shares 25,228 Est. Cost $240.82 Unrealized +51.4%

PG PROCTER & GAMBLE CO 1.4%

Value ($000) $17,046 Shares 118,944 Est. Cost $65.01 Unrealized +126.4%

— NEXTERA ENERGY INC 1.4%

Value ($000) $17,546 Shares 218,563 Est. Cost $82.38 Unrealized —

— ZOETIS INC 0.6%

Value ($000) $6,973 Shares 55,418 Est. Cost $71.02 Unrealized —

ABT ABBOTT LABS 1.4%

Value ($000) $17,482 Shares 139,534 Est. Cost $66.15 Unrealized +92.4%

— ALPHABET INC CL C 0.4%

Value ($000) $5,024 Shares 16,009 Est. Cost $123.60 Unrealized —

KO COCA COLA CO 1.4%

Value ($000) $17,378 Shares 248,571 Est. Cost $40.21 Unrealized +72.6%

— JP MORGAN CHASE & CO 2.6%

Value ($000) $31,760 Shares 98,566 Est. Cost $102.20 Unrealized —

PGR PROGRESSIVE CORP 0.9%

Value ($000) $11,207 Shares 49,215 Est. Cost $113.86 Unrealized +86.5%

— PROLOGIS INC REIT 0.6%

Value ($000) $7,746 Shares 60,676 Est. Cost $101.88 Unrealized —

— META PLATFORMS INC CL A 0.6%

Value ($000) $7,391 Shares 11,197 Est. Cost $18.97 Unrealized —

— STE ST HLTH CR SLCT SECTOR SPDR ETF 0.7%

Value ($000) $8,385 Shares 54,169 Est. Cost $36.39 Unrealized —

— VISA INC CL A 1.9%

Value ($000) $23,469 Shares 66,918 Est. Cost $110.47 Unrealized —

— VERIZON COMMUNICATIONS 0.7%

Value ($000) $8,197 Shares 201,253 Est. Cost $42.06 Unrealized —

— NVIDIA CORP 6.2%

Value ($000) $76,899 Shares 412,326 Est. Cost $145.37 Unrealized —

— INTERCONTINENTAL EXCHANGE INC 1.1%

Value ($000) $13,110 Shares 80,947 Est. Cost $95.59 Unrealized —

VIG VANGUARD DIVIDEND APPREC ETF 1.6%

Value ($000) $19,311 Shares 87,865 Est. Cost $16.58 Unrealized —

PEP PEPSICO INC 1.1%

Value ($000) $13,154 Shares 91,651 Est. Cost $78.60 Unrealized +85.6%

— EXXON MOBIL CORP 0.4%

Value ($000) $5,406 Shares 44,922 Est. Cost $87.66 Unrealized —

BDX BECTON DICKINSON 0.6%

Value ($000) $6,989 Shares 36,014 Est. Cost $202.02 Unrealized -6.2%

— ST STRT FINNCIAL SLCT SCTOR SPDR ETF 1.2%

Value ($000) $14,725 Shares 268,854 Est. Cost $0.52 Unrealized —

— AXSOME THERAPEUTICS INC 0.1%

Value ($000) $676 Shares 3,704 Est. Cost $0.08 Unrealized —

— SPDR GOLD TRUST 0.2%

Value ($000) $2,142 Shares 5,406 Est. Cost $160.02 Unrealized —

UNP UNION PAC CORP 1.0%

Value ($000) $12,931 Shares 55,903 Est. Cost $97.06 Unrealized +134.2%

— DUPONT DE NEMOURS INC 0.0%

Value ($000) $201 Shares 4,988 Est. Cost $50.25 Unrealized —

— STE ST REAL ESTATE SLCT SCT SPDR ETF 0.2%

Value ($000) $3,022 Shares 74,904 Est. Cost $4.37 Unrealized —

RY ROYAL BANK OF CANADA 0.1%

Value ($000) $955 Shares 5,600 Est. Cost $59.71 Unrealized +157.2%

— INTUITIVE SURGICAL INC 0.1%

Value ($000) $630 Shares 1,112 Est. Cost $485.91 Unrealized —

— NUVECTIS PHARMA INC 0.0%

Value ($000) $445 Shares 59,000 Est. Cost $2.53 Unrealized —

INTC INTEL CORP 0.1%

Value ($000) $993 Shares 26,921 Est. Cost $35.83 Unrealized +5.4%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $948 Shares 3,496 Est. Cost $129.25 Unrealized +93.9%

DSI ISHARES ESG MSCI KLD 400 ETF 0.3%

Value ($000) $3,626 Shares 28,142 Est. Cost $47.82 Unrealized —

BMY BRISTOL MYERS SQUIBB CO 0.0%

Value ($000) $511 Shares 9,472 Est. Cost $46.95 Unrealized +1.2%

APD AIR PRODUCTS & CHEMICALS INC 0.1%

Value ($000) $771 Shares 3,120 Est. Cost $109.91 Unrealized +128.9%

— STE ST INDUSTRIAL SLCT SCTR SPDR ETF 1.0%

Value ($000) $12,738 Shares 82,117 Est. Cost $0.11 Unrealized —

— BLACKSTONE INC 0.1%

Value ($000) $630 Shares 4,084 Est. Cost $139.78 Unrealized —

— BIOGEN INC 0.0%

Value ($000) $329 Shares 1,869 Est. Cost $216.68 Unrealized —

PWCDF POWER CORP OF CANADA 0.0%

Value ($000) $341 Shares 6,409 Est. Cost $31.87 Unrealized +52.5%

USB US BANCORP NEW 0.0%

Value ($000) $610 Shares 11,438 Est. Cost $24.29 Unrealized +100.6%

LRCX LAM RESEARCH CORPORATION 0.0%

Value ($000) $256 Shares 1,496 Est. Cost $105.52 Unrealized +47.2%

STT STATE STREET CORP 0.0%

Value ($000) $551 Shares 4,269 Est. Cost $45.54 Unrealized +161.3%

BNS BANK OF NOVA SCOTIA HALIFAX 0.0%

Value ($000) $442 Shares 6,000 Est. Cost $32.24 Unrealized +110.9%

NKE NIKE INC-CLASS B 0.0%

Value ($000) $494 Shares 7,755 Est. Cost $107.23 Unrealized -39.5%

GPC GENUINE PARTS CO 0.0%

Value ($000) $352 Shares 2,865 Est. Cost $71.19 Unrealized +80.8%

URI UNITED RENTALS INC 0.0%

Value ($000) $235 Shares 290 Est. Cost $665.35 Unrealized +30.3%

— CARRIER GLOBAL CORP 0.0%

Value ($000) $320 Shares 6,053 Est. Cost $38.96 Unrealized —

— STST CMMNCN SRVCS SLCT SCTR SPDR ETF 0.6%

Value ($000) $7,484 Shares 63,576 Est. Cost $0.07 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $591 Shares 2,399 Est. Cost $185.12 Unrealized +33.7%

INTU INTUIT INC 0.1%

Value ($000) $1,083 Shares 1,635 Est. Cost $206.38 Unrealized +220.1%

— TESLA INC 0.5%

Value ($000) $5,999 Shares 13,340 Est. Cost $0.26 Unrealized —

PCAR PACCAR INC 0.0%

Value ($000) $292 Shares 2,664 Est. Cost $68.79 Unrealized +47.1%

CVX CHEVRON CORPORATION 0.1%

Value ($000) $1,012 Shares 6,637 Est. Cost $95.40 Unrealized +58.7%

— COMCAST CORP CL A 0.0%

Value ($000) $493 Shares 16,504 Est. Cost $0.04 Unrealized —

CHD CHURCH & DWIGHT INC 0.0%

Value ($000) $581 Shares 6,930 Est. Cost $39.14 Unrealized +117.9%

— EDWARDS LIFESCIENCES CORP 0.0%

Value ($000) $283 Shares 3,316 Est. Cost $3.90 Unrealized —

PNC PNC FINANCIAL SERVICES GROUP 0.0%

Value ($000) $617 Shares 2,955 Est. Cost $66.49 Unrealized +189.9%

— S&P GLOBAL INC 0.0%

Value ($000) $328 Shares 627 Est. Cost $47.78 Unrealized —

— TARGET CORP 0.0%

Value ($000) $242 Shares 2,472 Est. Cost $128.52 Unrealized —

SO SOUTHERN COMPANY 0.0%

Value ($000) $217 Shares 2,488 Est. Cost $81.63 Unrealized +11.3%

WY WEYERHAEUSER CO REIT 0.0%

Value ($000) $366 Shares 15,442 Est. Cost $23.05 Unrealized -0.3%

MCD MCDONALDS CORP 0.2%

Value ($000) $2,235 Shares 7,313 Est. Cost $191.93 Unrealized +59.0%

CNI CANADIAN NATIONAL RAILWAY CO 0.0%

Value ($000) $305 Shares 3,090 Est. Cost $45.03 Unrealized +113.5%

DIS DISNEY WALT CO NEW 0.1%

Value ($000) $1,154 Shares 10,144 Est. Cost $114.41 Unrealized -4.3%

— OTIS WORLDWIDE CORP 0.0%

Value ($000) $245 Shares 2,806 Est. Cost $1.02 Unrealized —

GE GE AEROSPACE 0.0%

Value ($000) $492 Shares 1,596 Est. Cost $91.47 Unrealized +228.9%

CINF CINCINNATI FINANCIAL CORP 0.0%

Value ($000) $326 Shares 1,996 Est. Cost $125.08 Unrealized +28.9%

PRGS PROGRESS SOFTWARE CORP 0.0%

Value ($000) $306 Shares 7,120 Est. Cost $46.21 Unrealized -5.7%

EPD ENTERPRISE PRODS PARTNERS LP 0.0%

Value ($000) $273 Shares 8,500 Est. Cost $34.14 Unrealized —

QCOM QUALCOMM INC 0.0%

Value ($000) $287 Shares 1,680 Est. Cost $118.34 Unrealized +44.3%

— MASTERCARD INC CL A 0.2%

Value ($000) $2,096 Shares 3,671 Est. Cost $259.57 Unrealized —

— CORTEVA INC 0.0%

Value ($000) $342 Shares 5,107 Est. Cost $46.84 Unrealized —

BA BOEING CO 0.0%

Value ($000) $529 Shares 2,436 Est. Cost $120.78 Unrealized +70.3%

SBUX STARBUCKS CORP 0.0%

Value ($000) $327 Shares 3,881 Est. Cost $63.55 Unrealized +32.3%

BRK/B BERKSHIRE HATHAWAY INC-CL B 0.5%

Value ($000) $6,219 Shares 12,373 Est. Cost $295.75 Unrealized +68.2%

IEF ISHARES 7-10 YEAR TREASURY B 0.0%

Value ($000) $263 Shares 2,732 Est. Cost $115.04 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value ($000) $755 Shares 1 Est. Cost $318723.75 Unrealized +134.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALPHABET INC CL A	227,545	$71,222	5.8%	$135.72	—	COM	02079k305
IAU	ISHARES GOLD TRUST	1,183,161	$96,037	7.8%	$34.27	—	COM	464285204
MSFT	MICROSOFT CORP	157,727	$76,280	6.2%	$67.63	+640.2%	COM	594918104
AAPL	APPLE INC	246,287	$66,956	5.4%	$104.09	+157.8%	COM	037833100
—	MERCK & CO INC	170,967	$17,996	1.5%	$59.81	—	COM	58933y105
LLY	LILLY ELI & CO	11,747	$12,624	1.0%	$705.42	+35.5%	COM	532457108
JNJ	JOHNSON & JOHNSON	116,707	$24,153	2.0%	$76.53	+157.4%	COM	478160104
AMZN	AMAZON.COM INC	190,229	$43,909	3.6%	$125.88	+81.8%	COM	023135106
—	BROADCOM INC	118,669	$41,071	3.3%	$192.97	—	COM	11135f101
—	EATON CORP PLC	40,143	$12,786	1.0%	$11.81	—	COM	g29183103
—	LINDE PLC	38,566	$16,444	1.3%	$27.51	—	COM	g54950103
WMT	WALMART INC	185,319	$20,646	1.7%	$51.50	+108.2%	COM	931142103
HD	HOME DEPOT INC	25,228	$8,681	0.7%	$240.82	+51.4%	COM	437076102
PG	PROCTER & GAMBLE CO	118,944	$17,046	1.4%	$65.01	+126.4%	COM	742718109
—	NEXTERA ENERGY INC	218,563	$17,546	1.4%	$82.38	—	COM	65339f101
—	ZOETIS INC	55,418	$6,973	0.6%	$71.02	—	COM	98978v103
ABT	ABBOTT LABS	139,534	$17,482	1.4%	$66.15	+92.4%	COM	002824100
—	ALPHABET INC CL C	16,009	$5,024	0.4%	$123.60	—	COM	02079k107
KO	COCA COLA CO	248,571	$17,378	1.4%	$40.21	+72.6%	COM	191216100
—	JP MORGAN CHASE & CO	98,566	$31,760	2.6%	$102.20	—	COM	46625h100
PGR	PROGRESSIVE CORP	49,215	$11,207	0.9%	$113.86	+86.5%	COM	743315103
—	PROLOGIS INC REIT	60,676	$7,746	0.6%	$101.88	—	COM	74340w103
—	META PLATFORMS INC CL A	11,197	$7,391	0.6%	$18.97	—	COM	30303m102
—	STE ST HLTH CR SLCT SECTOR SPDR ETF	54,169	$8,385	0.7%	$36.39	—	COM	81369y209
—	VISA INC CL A	66,918	$23,469	1.9%	$110.47	—	COM	92826c839
—	VERIZON COMMUNICATIONS	201,253	$8,197	0.7%	$42.06	—	COM	92343v104
—	NVIDIA CORP	412,326	$76,899	6.2%	$145.37	—	COM	67066g104
—	INTERCONTINENTAL EXCHANGE INC	80,947	$13,110	1.1%	$95.59	—	COM	45866f104
VIG	VANGUARD DIVIDEND APPREC ETF	87,865	$19,311	1.6%	$16.58	—	COM	921908844
PEP	PEPSICO INC	91,651	$13,154	1.1%	$78.60	+85.6%	COM	713448108
—	EXXON MOBIL CORP	44,922	$5,406	0.4%	$87.66	—	COM	30231g102
BDX	BECTON DICKINSON	36,014	$6,989	0.6%	$202.02	-6.2%	COM	075887109
—	ST STRT FINNCIAL SLCT SCTOR SPDR ETF	268,854	$14,725	1.2%	$0.52	—	COM	81369y605
—	AXSOME THERAPEUTICS INC	3,704	$676	0.1%	$0.08	—	COM	05464t104
—	SPDR GOLD TRUST	5,406	$2,142	0.2%	$160.02	—	COM	78463v107
UNP	UNION PAC CORP	55,903	$12,931	1.0%	$97.06	+134.2%	COM	907818108
—	DUPONT DE NEMOURS INC	4,988	$201	0.0%	$50.25	—	COM	26614n102
—	STE ST REAL ESTATE SLCT SCT SPDR ETF	74,904	$3,022	0.2%	$4.37	—	COM	81369y860
RY	ROYAL BANK OF CANADA	5,600	$955	0.1%	$59.71	+157.2%	COM	780087102
—	INTUITIVE SURGICAL INC	1,112	$630	0.1%	$485.91	—	COM	46120e602
—	NUVECTIS PHARMA INC	59,000	$445	0.0%	$2.53	—	COM	67080t108
INTC	INTEL CORP	26,921	$993	0.1%	$35.83	+5.4%	COM	458140100
ADI	ANALOG DEVICES INC	3,496	$948	0.1%	$129.25	+93.9%	COM	032654105
DSI	ISHARES ESG MSCI KLD 400 ETF	28,142	$3,626	0.3%	$47.82	—	COM	464288570
BMY	BRISTOL MYERS SQUIBB CO	9,472	$511	0.0%	$46.95	+1.2%	COM	110122108
APD	AIR PRODUCTS & CHEMICALS INC	3,120	$771	0.1%	$109.91	+128.9%	COM	009158106
—	STE ST INDUSTRIAL SLCT SCTR SPDR ETF	82,117	$12,738	1.0%	$0.11	—	COM	81369y704
—	BLACKSTONE INC	4,084	$630	0.1%	$139.78	—	COM	09260d107
—	BIOGEN INC	1,869	$329	0.0%	$216.68	—	COM	09062x103
PWCDF	POWER CORP OF CANADA	6,409	$341	0.0%	$31.87	+52.5%	COM	739239101
USB	US BANCORP NEW	11,438	$610	0.0%	$24.29	+100.6%	COM	902973304
LRCX	LAM RESEARCH CORPORATION	1,496	$256	0.0%	$105.52	+47.2%	COM	512807306
STT	STATE STREET CORP	4,269	$551	0.0%	$45.54	+161.3%	COM	857477103
BNS	BANK OF NOVA SCOTIA HALIFAX	6,000	$442	0.0%	$32.24	+110.9%	COM	064149107
NKE	NIKE INC-CLASS B	7,755	$494	0.0%	$107.23	-39.5%	COM	654106103
GPC	GENUINE PARTS CO	2,865	$352	0.0%	$71.19	+80.8%	COM	372460105
URI	UNITED RENTALS INC	290	$235	0.0%	$665.35	+30.3%	COM	911363109
—	CARRIER GLOBAL CORP	6,053	$320	0.0%	$38.96	—	COM	14448c104
—	STST CMMNCN SRVCS SLCT SCTR SPDR ETF	63,576	$7,484	0.6%	$0.07	—	COM	81369y852
ITW	ILLINOIS TOOL WKS INC	2,399	$591	0.0%	$185.12	+33.7%	COM	452308109
INTU	INTUIT INC	1,635	$1,083	0.1%	$206.38	+220.1%	COM	461202103
—	TESLA INC	13,340	$5,999	0.5%	$0.26	—	COM	88160r101
PCAR	PACCAR INC	2,664	$292	0.0%	$68.79	+47.1%	COM	693718108
CVX	CHEVRON CORPORATION	6,637	$1,012	0.1%	$95.40	+58.7%	COM	166764100
—	COMCAST CORP CL A	16,504	$493	0.0%	$0.04	—	COM	20030n101
CHD	CHURCH & DWIGHT INC	6,930	$581	0.0%	$39.14	+117.9%	COM	171340102
—	EDWARDS LIFESCIENCES CORP	3,316	$283	0.0%	$3.90	—	COM	28176e108
PNC	PNC FINANCIAL SERVICES GROUP	2,955	$617	0.0%	$66.49	+189.9%	COM	693475105
—	S&P GLOBAL INC	627	$328	0.0%	$47.78	—	COM	78409v104
—	TARGET CORP	2,472	$242	0.0%	$128.52	—	COM	87612e106
SO	SOUTHERN COMPANY	2,488	$217	0.0%	$81.63	+11.3%	COM	842587107
WY	WEYERHAEUSER CO REIT	15,442	$366	0.0%	$23.05	-0.3%	COM	962166104
MCD	MCDONALDS CORP	7,313	$2,235	0.2%	$191.93	+59.0%	COM	580135101
CNI	CANADIAN NATIONAL RAILWAY CO	3,090	$305	0.0%	$45.03	+113.5%	COM	136375102
DIS	DISNEY WALT CO NEW	10,144	$1,154	0.1%	$114.41	-4.3%	COM	254687106
—	OTIS WORLDWIDE CORP	2,806	$245	0.0%	$1.02	—	COM	68902v107
GE	GE AEROSPACE	1,596	$492	0.0%	$91.47	+228.9%	COM	369604301
CINF	CINCINNATI FINANCIAL CORP	1,996	$326	0.0%	$125.08	+28.9%	COM	172062101
PRGS	PROGRESS SOFTWARE CORP	7,120	$306	0.0%	$46.21	-5.7%	COM	743312100
EPD	ENTERPRISE PRODS PARTNERS LP	8,500	$273	0.0%	$34.14	—	COM	293792107
QCOM	QUALCOMM INC	1,680	$287	0.0%	$118.34	+44.3%	COM	747525103
—	MASTERCARD INC CL A	3,671	$2,096	0.2%	$259.57	—	COM	57636q104
—	CORTEVA INC	5,107	$342	0.0%	$46.84	—	COM	22052l104
BA	BOEING CO	2,436	$529	0.0%	$120.78	+70.3%	COM	097023105
SBUX	STARBUCKS CORP	3,881	$327	0.0%	$63.55	+32.3%	COM	855244109
BRK/B	BERKSHIRE HATHAWAY INC-CL B	12,373	$6,219	0.5%	$295.75	+68.2%	COM	084670702
IEF	ISHARES 7-10 YEAR TREASURY B	2,732	$263	0.0%	$115.04	—	COM	464287440
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$755	0.1%	$318723.75	+134.2%	COM	084670108