VILLERE ST DENIS J & CO LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFE	PFIZER INC	504,355 (+218.1%)	$12,558 (+210.9%)	1.3%	$25.92	-3.4%	COM	717081103
KVUE	KENVUE INC	786,138 (+15.3%)	$13,561 (+22.6%)	1.4%	$19.56	-16.9%	COM	49177J102
LINE	LINEAGE INC	736,770 (+21.1%)	$25,787 (+9.7%)	2.6%	$51.68	—	COM	53566V106
FEIM	FREQUENCY ELECTRS INC	24,896 (+67.1%)	$1,340 (+165.4%)	0.1%	$19.65	+87.2%	COM	358010106
CLGN	COLLPLANT BIOTECHNOLOGIES LT	607,300 (+3.2%)	$850 (-46.3%)	0.1%	$4.71	-56.6%	SHS NEW	M2R51X116
VZ	VERIZON COMMUNICATIONS INC	420,920 (+6.9%)	$17,144 (-1.0%)	1.7%	$33.94	+19.3%	COM	92343V104
TALK	TALKSPACE INC	47,000 (+46.9%)	$171 (+93.2%)	0.0%	$2.78	+14.3%	COM	87427V103
TPL	TEXAS PACIFIC LAND CORPORATI	3,375 (+200.0%)	$969 (-7.7%)	0.1%	$261.17	+16.8%	COM	88262P102
ACOG	ALPHA COGNITION INC	73,875 (+13.2%)	$480 (+13.0%)	0.0%	$5.89	+7.2%	COM NEW	02074J501
BITO	PROSHARES TR	12,643 (+19.1%)	$154 (-26.4%)	0.0%	$19.84	—	BITCOIN ETF	74347G440
NEXM	NEXMETALS MINING CORP.	76,400 (+64.7%)	$299 (+16.6%)	0.0%	$5.38	-20.6%	COM NEW	65346E204

Exited Positions (3)

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $289 Shares 312 Est. Cost $573.49 Unrealized +57.9%

LIND LINDBLAD EXPEDITIONS HLDGS I 0.0%

Value ($000) $257 Shares 20,071 Est. Cost $11.47 Unrealized +10.0%

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $223 Shares 2,950 Est. Cost $53.46 Unrealized +54.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHSL CORP NEW	312	$289	0.0%	$573.49	+57.9%	—	22160K105
LIND	LINDBLAD EXPEDITIONS HLDGS I	20,071	$257	0.0%	$11.47	+10.0%	—	535219109
NEE	NEXTERA ENERGY INC	2,950	$223	0.0%	$53.46	+54.3%	—	65339F101

Decreased Positions (37)

POOL POOL CORP 2.8%

Value ($000) $28,162 (-28.8%) Shares 123,110 (-3.5%) Est. Cost $54.82 Unrealized +373.3%

LGND LIGAND PHARMACEUTICALS INC 3.8%

Value ($000) $38,278 (-22.8%) Shares 202,452 (-27.7%) Est. Cost $61.40 Unrealized +212.9%

FCX FREEPORT-MCMORAN INC 3.7%

Value ($000) $36,675 (+23.7%) Shares 722,091 (-4.5%) Est. Cost $33.20 Unrealized +30.5%

AESI ATLAS ENERGY SOLUTIONS INC 1.9%

Value ($000) $19,084 (-24.4%) Shares 2,025,944 (-8.7%) Est. Cost $15.81 Unrealized -36.0%

UBER UBER TECHNOLOGIES INC 2.3%

Value ($000) $22,957 (-21.0%) Shares 280,958 (-5.3%) Est. Cost $71.78 Unrealized +25.4%

CZR CAESARS ENTERTAINMENT INC NE 2.3%

Value ($000) $22,908 (-18.4%) Shares 979,392 (-5.7%) Est. Cost $40.95 Unrealized -45.1%

ROP ROPER TECHNOLOGIES INC 2.7%

Value ($000) $26,950 (-15.8%) Shares 60,545 (-5.7%) Est. Cost $274.74 Unrealized +68.2%

JPM JPMORGAN CHASE & CO. 6.0%

Value ($000) $60,204 (-6.5%) Shares 186,842 (-8.4%) Est. Cost $84.30 Unrealized +267.2%

EEFT EURONET WORLDWIDE INC 1.9%

Value ($000) $18,638 (-17.6%) Shares 244,878 (-4.9%) Est. Cost $87.42 Unrealized -10.8%

MDLZ MONDELEZ INTL INC 1.8%

Value ($000) $17,609 (-16.5%) Shares 327,131 (-3.1%) Est. Cost $55.81 Unrealized +2.2%

PLMR PALOMAR HLDGS INC 3.5%

Value ($000) $35,086 (+10.8%) Shares 260,362 (-4.0%) Est. Cost $82.37 Unrealized +48.2%

MSFT MICROSOFT CORP 2.4%

Value ($000) $24,083 (-10.3%) Shares 49,797 (-3.9%) Est. Cost $241.31 Unrealized +107.4%

SYK STRYKER CORPORATION 2.7%

Value ($000) $27,365 (-8.7%) Shares 77,859 (-3.9%) Est. Cost $179.02 Unrealized +103.0%

ABT ABBOTT LABS 2.9%

Value ($000) $28,990 (-8.2%) Shares 231,386 (-1.9%) Est. Cost $63.05 Unrealized +101.9%

OPCH OPTION CARE HEALTH INC 2.7%

Value ($000) $26,480 (+10.1%) Shares 831,125 (-4.1%) Est. Cost $29.37 Unrealized -0.1%

UPS UNITED PARCEL SERVICE INC 1.6%

Value ($000) $16,068 (+16.5%) Shares 161,997 (-1.9%) Est. Cost $93.81 Unrealized -1.1%

TDW TIDEWATER INC NEW 2.2%

Value ($000) $21,579 (-9.3%) Shares 427,221 (-4.2%) Est. Cost $79.29 Unrealized -33.4%

PGR PROGRESSIVE CORP 2.0%

Value ($000) $20,219 (-9.3%) Shares 88,788 (-1.6%) Est. Cost $77.73 Unrealized +173.2%

JNJ JOHNSON & JOHNSON 2.6%

Value ($000) $26,027 (+7.9%) Shares 125,767 (-3.3%) Est. Cost $125.90 Unrealized +56.5%

RSG REPUBLIC SVCS INC 1.7%

Value ($000) $16,510 (-9.3%) Shares 77,902 (-1.8%) Est. Cost $199.67 Unrealized +7.5%

LMT LOCKHEED MARTIN CORP 2.8%

Value ($000) $27,520 (-4.9%) Shares 56,899 (-1.9%) Est. Cost $282.21 Unrealized +68.7%

ONON ON HLDG AG 3.1%

Value ($000) $30,621 (+4.2%) Shares 658,807 (-5.0%) Est. Cost $20.59 Unrealized +109.3%

— BANK AMERICA CORP 2.3%

Value ($000) $23,271 (-4.2%) Shares 18,587 (-2.1%) Est. Cost $1332.42 Unrealized —

ON ON SEMICONDUCTOR CORP 2.0%

Value ($000) $20,015 (+5.0%) Shares 369,620 (-4.4%) Est. Cost $33.06 Unrealized +55.2%

MCHP MICROCHIP TECHNOLOGY INC. 2.3%

Value ($000) $22,622 (-3.8%) Shares 355,017 (-3.0%) Est. Cost $60.17 Unrealized +2.0%

V VISA INC 4.1%

Value ($000) $40,983 (-1.7%) Shares 116,857 (-4.3%) Est. Cost $57.31 Unrealized +493.9%

CL COLGATE PALMOLIVE CO 1.9%

Value ($000) $18,740 (-3.5%) Shares 237,155 (-2.4%) Est. Cost $70.29 Unrealized +11.4%

REYN REYNOLDS CONSUMER PRODS INC 0.7%

Value ($000) $7,071 (-7.4%) Shares 308,523 (-1.1%) Est. Cost $25.85 Unrealized -8.0%

IDXX IDEXX LABS INC 2.7%

Value ($000) $26,478 (-1.8%) Shares 39,138 (-7.3%) Est. Cost $415.72 Unrealized +63.8%

AAPL APPLE INC 2.3%

Value ($000) $22,968 (+1.8%) Shares 84,485 (-4.7%) Est. Cost $112.52 Unrealized +138.5%

GOOGL ALPHABET INC 0.1%

Value ($000) $1,382 (+22.4%) Shares 4,414 (-5.0%) Est. Cost $133.35 Unrealized +114.2%

STE STERIS PLC 2.6%

Value ($000) $25,499 (-0.7%) Shares 100,581 (-3.1%) Est. Cost $113.07 Unrealized +122.1%

AMZN AMAZON COM INC 3.8%

Value ($000) $38,294 (+0.4%) Shares 165,903 (-4.5%) Est. Cost $186.08 Unrealized +23.0%

PEP PEPSICO INC 2.1%

Value ($000) $20,715 (+0.5%) Shares 144,333 (-1.6%) Est. Cost $109.81 Unrealized +32.9%

HD HOME DEPOT INC 0.0%

Value ($000) $277 (-19.1%) Shares 804 (-4.7%) Est. Cost $183.08 Unrealized +99.1%

FLL FULL HSE RESORTS INC 0.0%

Value ($000) $128 (-33.5%) Shares 49,062 (-18.2%) Est. Cost $4.27 Unrealized -37.1%

SHEL SHELL PLC 0.0%

Value ($000) $294 (-17.8%) Shares 4,000 (-20.0%) Est. Cost $65.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
POOL	POOL CORP	123,110 (-3.5%)	$28,162 (-28.8%)	2.8%	$54.82	+373.3%	COM	73278L105
LGND	LIGAND PHARMACEUTICALS INC	202,452 (-27.7%)	$38,278 (-22.8%)	3.8%	$61.40	+212.9%	COM NEW	53220K504
FCX	FREEPORT-MCMORAN INC	722,091 (-4.5%)	$36,675 (+23.7%)	3.7%	$33.20	+30.5%	CL B	35671D857
AESI	ATLAS ENERGY SOLUTIONS INC	2,025,944 (-8.7%)	$19,084 (-24.4%)	1.9%	$15.81	-36.0%	COM NEW	642045108
UBER	UBER TECHNOLOGIES INC	280,958 (-5.3%)	$22,957 (-21.0%)	2.3%	$71.78	+25.4%	COM	90353T100
CZR	CAESARS ENTERTAINMENT INC NE	979,392 (-5.7%)	$22,908 (-18.4%)	2.3%	$40.95	-45.1%	COM	12769G100
ROP	ROPER TECHNOLOGIES INC	60,545 (-5.7%)	$26,950 (-15.8%)	2.7%	$274.74	+68.2%	COM	776696106
JPM	JPMORGAN CHASE & CO.	186,842 (-8.4%)	$60,204 (-6.5%)	6.0%	$84.30	+267.2%	COM	46625H100
EEFT	EURONET WORLDWIDE INC	244,878 (-4.9%)	$18,638 (-17.6%)	1.9%	$87.42	-10.8%	COM	298736109
MDLZ	MONDELEZ INTL INC	327,131 (-3.1%)	$17,609 (-16.5%)	1.8%	$55.81	+2.2%	CL A	609207105
PLMR	PALOMAR HLDGS INC	260,362 (-4.0%)	$35,086 (+10.8%)	3.5%	$82.37	+48.2%	COM	69753M105
MSFT	MICROSOFT CORP	49,797 (-3.9%)	$24,083 (-10.3%)	2.4%	$241.31	+107.4%	COM	594918104
SYK	STRYKER CORPORATION	77,859 (-3.9%)	$27,365 (-8.7%)	2.7%	$179.02	+103.0%	COM	863667101
ABT	ABBOTT LABS	231,386 (-1.9%)	$28,990 (-8.2%)	2.9%	$63.05	+101.9%	COM	002824100
OPCH	OPTION CARE HEALTH INC	831,125 (-4.1%)	$26,480 (+10.1%)	2.7%	$29.37	-0.1%	COM NEW	68404L201
UPS	UNITED PARCEL SERVICE INC	161,997 (-1.9%)	$16,068 (+16.5%)	1.6%	$93.81	-1.1%	CL B	911312106
TDW	TIDEWATER INC NEW	427,221 (-4.2%)	$21,579 (-9.3%)	2.2%	$79.29	-33.4%	COM	88642R109
PGR	PROGRESSIVE CORP	88,788 (-1.6%)	$20,219 (-9.3%)	2.0%	$77.73	+173.2%	COM	743315103
JNJ	JOHNSON & JOHNSON	125,767 (-3.3%)	$26,027 (+7.9%)	2.6%	$125.90	+56.5%	COM	478160104
RSG	REPUBLIC SVCS INC	77,902 (-1.8%)	$16,510 (-9.3%)	1.7%	$199.67	+7.5%	COM	760759100
LMT	LOCKHEED MARTIN CORP	56,899 (-1.9%)	$27,520 (-4.9%)	2.8%	$282.21	+68.7%	COM	539830109
ONON	ON HLDG AG	658,807 (-5.0%)	$30,621 (+4.2%)	3.1%	$20.59	+109.3%	NAMEN AKT A	H5919C104
—	BANK AMERICA CORP	18,587 (-2.1%)	$23,271 (-4.2%)	2.3%	$1332.42	—	7.25%CNV PFD L	060505682
ON	ON SEMICONDUCTOR CORP	369,620 (-4.4%)	$20,015 (+5.0%)	2.0%	$33.06	+55.2%	COM	682189105
MCHP	MICROCHIP TECHNOLOGY INC.	355,017 (-3.0%)	$22,622 (-3.8%)	2.3%	$60.17	+2.0%	COM	595017104
V	VISA INC	116,857 (-4.3%)	$40,983 (-1.7%)	4.1%	$57.31	+493.9%	COM CL A	92826C839
CL	COLGATE PALMOLIVE CO	237,155 (-2.4%)	$18,740 (-3.5%)	1.9%	$70.29	+11.4%	COM	194162103
REYN	REYNOLDS CONSUMER PRODS INC	308,523 (-1.1%)	$7,071 (-7.4%)	0.7%	$25.85	-8.0%	COM	76171L106
IDXX	IDEXX LABS INC	39,138 (-7.3%)	$26,478 (-1.8%)	2.7%	$415.72	+63.8%	COM	45168D104
AAPL	APPLE INC	84,485 (-4.7%)	$22,968 (+1.8%)	2.3%	$112.52	+138.5%	COM	037833100
GOOGL	ALPHABET INC	4,414 (-5.0%)	$1,382 (+22.4%)	0.1%	$133.35	+114.2%	CAP STK CL A	02079K305
STE	STERIS PLC	100,581 (-3.1%)	$25,499 (-0.7%)	2.6%	$113.07	+122.1%	SHS USD	G8473T100
AMZN	AMAZON COM INC	165,903 (-4.5%)	$38,294 (+0.4%)	3.8%	$186.08	+23.0%	COM	023135106
PEP	PEPSICO INC	144,333 (-1.6%)	$20,715 (+0.5%)	2.1%	$109.81	+32.9%	COM	713448108
HD	HOME DEPOT INC	804 (-4.7%)	$277 (-19.1%)	0.0%	$183.08	+99.1%	COM	437076102
FLL	FULL HSE RESORTS INC	49,062 (-18.2%)	$128 (-33.5%)	0.0%	$4.27	-37.1%	COM	359678109
SHEL	SHELL PLC	4,000 (-20.0%)	$294 (-17.8%)	0.0%	$65.80	—	SPON ADS	780259305

Unchanged Positions (30)

FIBK FIRST INTST BANCSYSTEM INC 1.9%

Value ($000) $18,854 Shares 544,914 Est. Cost $23.74 Unrealized +35.3%

CVX CHEVRON CORP NEW 3.1%

Value ($000) $30,998 Shares 203,387 Est. Cost $90.76 Unrealized +66.8%

GOOG ALPHABET INC 0.1%

Value ($000) $746 Shares 2,376 Est. Cost $134.68 Unrealized +112.6%

JBHT HUNT J B TRANS SVCS INC 0.0%

Value ($000) $398 Shares 2,050 Est. Cost $122.30 Unrealized +40.2%

GIFI GULF IS FABRICATION INC 0.0%

Value ($000) $239 Shares 20,000 Est. Cost $6.72 Unrealized +49.7%

ASYS AMTECH SYS INC 0.0%

Value ($000) $251 Shares 20,000 Est. Cost $4.51 Unrealized +100.0%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $739 Shares 6,144 Est. Cost $98.35 Unrealized +17.4%

GLD SPDR GOLD TR 0.0%

Value ($000) $362 Shares 914 Est. Cost $243.06 Unrealized —

TRV TRAVELERS COMPANIES INC 0.1%

Value ($000) $958 Shares 3,303 Est. Cost $166.66 Unrealized +68.4%

BLK BLACKROCK INC 0.0%

Value ($000) $359 Shares 335 Est. Cost $991.05 Unrealized +9.9%

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value ($000) $725 Shares 11,610 Est. Cost $48.40 Unrealized —

SCHF SCHWAB STRATEGIC TR 0.1%

Value ($000) $833 Shares 34,670 Est. Cost $27.89 Unrealized —

WMT WALMART INC 0.0%

Value ($000) $334 Shares 2,997 Est. Cost $56.04 Unrealized +91.3%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $586 Shares 860 Est. Cost $573.76 Unrealized —

SUSA ISHARES TR 0.0%

Value ($000) $418 Shares 3,000 Est. Cost $100.51 Unrealized —

ESGU ISHARES TR 0.0%

Value ($000) $447 Shares 3,000 Est. Cost $104.92 Unrealized —

NSC NORFOLK SOUTHN CORP 0.0%

Value ($000) $245 Shares 850 Est. Cost $113.99 Unrealized +153.2%

SLF SUN LIFE FINANCIAL INC. 0.0%

Value ($000) $261 Shares 4,177 Est. Cost $49.13 Unrealized +23.0%

ESGD ISHARES TR 0.0%

Value ($000) $436 Shares 4,590 Est. Cost $75.54 Unrealized —

VTI VANGUARD INDEX FDS 0.0%

Value ($000) $383 Shares 1,141 Est. Cost $259.90 Unrealized —

IEMG ISHARES INC 0.0%

Value ($000) $403 Shares 5,999 Est. Cost $51.61 Unrealized —

ITOT ISHARES TR 0.0%

Value ($000) $372 Shares 2,500 Est. Cost $115.30 Unrealized —

VBR VANGUARD INDEX FDS 0.0%

Value ($000) $428 Shares 2,022 Est. Cost $185.06 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.0%

Value ($000) $237 Shares 7,402 Est. Cost $29.18 Unrealized —

EMB ISHARES TR 0.0%

Value ($000) $283 Shares 2,937 Est. Cost $89.70 Unrealized —

IWS ISHARES TR 0.0%

Value ($000) $287 Shares 2,033 Est. Cost $117.43 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.0%

Value ($000) $277 Shares 5,153 Est. Cost $41.10 Unrealized —

TFI SPDR SERIES TRUST 0.0%

Value ($000) $356 Shares 7,794 Est. Cost $46.48 Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $380 Shares 2,040 Est. Cost $118.07 Unrealized +57.6%

BRK/B BERKSHIRE HATHAWAY INC DEL. 0.1%

Value ($000) $730 Shares 1,453 Est. Cost $393.34 Unrealized +26.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIBK	FIRST INTST BANCSYSTEM INC	544,914	$18,854	1.9%	$23.74	+35.3%	COM	32055Y201
CVX	CHEVRON CORP NEW	203,387	$30,998	3.1%	$90.76	+66.8%	COM	166764100
GOOG	ALPHABET INC	2,376	$746	0.1%	$134.68	+112.6%	CAP STK CL C	02079K107
JBHT	HUNT J B TRANS SVCS INC	2,050	$398	0.0%	$122.30	+40.2%	COM	445658107
GIFI	GULF IS FABRICATION INC	20,000	$239	0.0%	$6.72	+49.7%	COM	402307102
ASYS	AMTECH SYS INC	20,000	$251	0.0%	$4.51	+100.0%	COM PAR $0.01N	032332504
XOM	EXXON MOBIL CORP	6,144	$739	0.1%	$98.35	+17.4%	COM	30231G102
GLD	SPDR GOLD TR	914	$362	0.0%	$243.06	—	GOLD SHS	78463V107
TRV	TRAVELERS COMPANIES INC	3,303	$958	0.1%	$166.66	+68.4%	COM	89417E109
BLK	BLACKROCK INC	335	$359	0.0%	$991.05	+9.9%	COM	09290D101
VEA	VANGUARD TAX-MANAGED FDS	11,610	$725	0.1%	$48.40	—	VAN FTSE DEV MKT	921943858
SCHF	SCHWAB STRATEGIC TR	34,670	$833	0.1%	$27.89	—	INTL EQTY ETF	808524805
WMT	WALMART INC	2,997	$334	0.0%	$56.04	+91.3%	COM	931142103
SPY	SPDR S&P 500 ETF TR	860	$586	0.1%	$573.76	—	TR UNIT	78462F103
SUSA	ISHARES TR	3,000	$418	0.0%	$100.51	—	ESG OPTIMIZED	464288802
ESGU	ISHARES TR	3,000	$447	0.0%	$104.92	—	ESG AWR MSCI USA	46435G425
NSC	NORFOLK SOUTHN CORP	850	$245	0.0%	$113.99	+153.2%	COM	655844108
SLF	SUN LIFE FINANCIAL INC.	4,177	$261	0.0%	$49.13	+23.0%	COM	866796105
ESGD	ISHARES TR	4,590	$436	0.0%	$75.54	—	ESG AW MSCI EAFE	46435G516
VTI	VANGUARD INDEX FDS	1,141	$383	0.0%	$259.90	—	TOTAL STK MKT	922908769
IEMG	ISHARES INC	5,999	$403	0.0%	$51.61	—	CORE MSCI EMKT	46434G103
ITOT	ISHARES TR	2,500	$372	0.0%	$115.30	—	CORE S&P TTL STK	464287150
VBR	VANGUARD INDEX FDS	2,022	$428	0.0%	$185.06	—	SM CP VAL ETF	922908611
EPD	ENTERPRISE PRODS PARTNERS L	7,402	$237	0.0%	$29.18	—	COM	293792107
EMB	ISHARES TR	2,937	$283	0.0%	$89.70	—	JPMORGAN USD EMG	464288281
IWS	ISHARES TR	2,033	$287	0.0%	$117.43	—	RUS MDCP VAL ETF	464287473
VWO	VANGUARD INTL EQUITY INDEX F	5,153	$277	0.0%	$41.10	—	FTSE EMR MKT ETF	922042858
TFI	SPDR SERIES TRUST	7,794	$356	0.0%	$46.48	—	STATE STREET SPD	78468R721
NVDA	NVIDIA CORPORATION	2,040	$380	0.0%	$118.07	+57.6%	COM	67066G104
BRK/B	BERKSHIRE HATHAWAY INC DEL.	1,453	$730	0.1%	$393.34	+26.5%	CL B NEW	084670702