Bank Pictet & Cie (Europe) AG Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	722,744	$47,186	0.9%	$63.23	0.0%	ACT	F92124100
TRGP	TARGA RES CORP	93,860	$17,317	0.3%	$168.08	0.0%	COM	87612G101
PICK	ISHARES INC	60,533	$3,108	0.1%	$51.34	—	MSCI GBL ETF NEW	46434G848
XBI	SPDR SERIES TRUST	13,780	$1,680	0.0%	$121.93	—	STATE STREET SPD	78464A870
GOOG	ALPHABET INC	3,200	$1,004	0.0%	$114.99	+149.0%	PUT	02079K107
VGT	VANGUARD WORLD FD	1,098	$828	0.0%	$753.78	—	INF TECH ETF	92204A702
BMY	BRISTOL-MYERS SQUIBB CO	13,344	$720	0.0%	$47.53	0.0%	COM	110122108
ZM	ZOOM COMMUNICATIONS INC	5,435	$469	0.0%	$84.17	0.0%	CL A	98980L101
QCOM	QUALCOMM INC	2,713	$464	0.0%	$170.79	0.0%	COM	747525103
TMUS	T-MOBILE US INC	1,985	$403	0.0%	$211.32	0.0%	COM	872590104
IBM	INTERNATIONAL BUSINESS MACHS	1,333	$395	0.0%	$298.78	0.0%	COM	459200101
C	CITIGROUP INC	3,011	$351	0.0%	$103.64	0.0%	COM NEW	172967424
CRH	CRH PLC	2,314	$289	0.0%	$119.13	0.0%	ORD	G25508105
VRTX	VERTEX PHARMACEUTICALS INC	482	$219	0.0%	$431.03	0.0%	COM	92532F100
MICC	MAGNUM ICE CREAM CO NV	12,349	$197	0.0%	$15.68	0.0%	ORD SHS	N5505D105

Increased Positions (78)

AAPL APPLE INC 3.1%

Value ($000) $153,119 (+88.0%) Shares 563,229 (+76.1%) Est. Cost $184.28 Unrealized +45.6%

AVGO BROADCOM INC 1.9%

Value ($000) $95,523 (+71.1%) Shares 275,998 (+63.1%) Est. Cost $236.72 Unrealized +50.8%

DHR DANAHER CORPORATION 1.7%

Value ($000) $83,895 (+44.8%) Shares 366,481 (+25.4%) Est. Cost $195.10 Unrealized +12.5%

SLB SLB LIMITED 1.2%

Value ($000) $58,602 (+71.0%) Shares 1,526,880 (+53.2%) Est. Cost $35.27 Unrealized +2.2%

LIN LINDE PLC 0.9%

Value ($000) $46,428 (+60.8%) Shares 108,887 (+79.2%) Est. Cost $382.92 Unrealized +11.6%

RRC RANGE RES CORP 0.7%

Value ($000) $36,600 (+87.4%) Shares 1,038,000 (+100.0%) Est. Cost $36.48 Unrealized +2.1%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $18,643 (+998.6%) Shares 151,893 (+893.5%) Est. Cost $119.88 Unrealized +0.8%

BKNG BOOKING HOLDINGS INC 0.4%

Value ($000) $22,214 (+178.9%) Shares 4,148 (+181.2%) Est. Cost $4103.38 Unrealized +25.2%

ABBV ABBVIE INC 1.9%

Value ($000) $96,195 (+7.3%) Shares 421,003 (+8.8%) Est. Cost $174.45 Unrealized +30.4%

MSCI MSCI INC 0.3%

Value ($000) $15,299 (+72.1%) Shares 26,665 (+70.2%) Est. Cost $561.54 Unrealized -0.3%

GLD SPDR GOLD TR 0.4%

Value ($000) $17,655 (+23.1%) Shares 44,730 (+10.5%) Est. Cost $225.05 Unrealized —

JPM JPMORGAN CHASE & CO. 1.3%

Value ($000) $65,438 (+3.6%) Shares 203,086 (+1.4%) Est. Cost $111.47 Unrealized +177.7%

WDAY WORKDAY INC 0.2%

Value ($000) $7,850 (+37.6%) Shares 36,547 (+54.3%) Est. Cost $242.21 Unrealized -6.2%

MELI MERCADOLIBRE INC 0.2%

Value ($000) $8,835 (+26.9%) Shares 4,386 (+47.3%) Est. Cost $2170.12 Unrealized -3.2%

ADBE ADOBE INC 0.2%

Value ($000) $10,861 (+18.3%) Shares 31,031 (+19.3%) Est. Cost $406.36 Unrealized -16.3%

SYK STRYKER CORPORATION 1.1%

Value ($000) $55,195 (+2.9%) Shares 157,040 (+8.2%) Est. Cost $373.72 Unrealized -2.7%

ASX ASE TECHNOLOGY HLDG CO LTD 0.1%

Value ($000) $2,664 (+90.8%) Shares 165,464 (+31.5%) Est. Cost $10.52 Unrealized —

NFLX NETFLIX INC 0.2%

Value ($000) $9,676 (+15.0%) Shares 103,202 (+1370.3%) Est. Cost $106.74 Unrealized +1.0%

KO COCA COLA CO 0.0%

Value ($000) $1,836 (+111.6%) Shares 26,261 (+100.7%) Est. Cost $59.96 Unrealized +15.7%

UBS UBS GROUP AG 0.1%

Value ($000) $4,484 (+27.4%) Shares 96,114 (+11.6%) Est. Cost $35.99 Unrealized +12.3%

HDB HDFC BANK LTD 0.1%

Value ($000) $3,640 (+29.6%) Shares 99,607 (+21.1%) Est. Cost $47.58 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 1.0%

Value ($000) $49,804 (-1.6%) Shares 546,039 (+16.3%) Est. Cost $90.76 Unrealized +7.6%

ALC ALCON AG 0.1%

Value ($000) $6,038 (+15.3%) Shares 75,596 (+7.5%) Est. Cost $87.35 Unrealized -11.8%

RACE FERRARI N V 0.0%

Value ($000) $1,653 (+81.6%) Shares 4,417 (+134.7%) Est. Cost $378.65 Unrealized +5.7%

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $3,511 (+20.6%) Shares 3,994 (+9.2%) Est. Cost $591.06 Unrealized +37.6%

INFY INFOSYS LTD 0.0%

Value ($000) $1,946 (+43.1%) Shares 109,231 (+30.6%) Est. Cost $17.40 Unrealized —

YUMC YUM CHINA HLDGS INC 0.0%

Value ($000) $2,346 (+32.5%) Shares 49,350 (+19.2%) Est. Cost $46.41 Unrealized -1.3%

SE SEA LTD 0.2%

Value ($000) $7,529 (-6.5%) Shares 58,914 (+31.3%) Est. Cost $120.32 Unrealized —

DB DEUTSCHE BANK A G 0.1%

Value ($000) $3,080 (+16.6%) Shares 79,202 (+5.5%) Est. Cost $26.53 Unrealized +36.0%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $2,595 (+17.3%) Shares 17,024 (+19.5%) Est. Cost $143.95 Unrealized +5.2%

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $2,023 (+22.0%) Shares 9,773 (+9.3%) Est. Cost $131.25 Unrealized +50.1%

EXPE EXPEDIA GROUP INC 0.0%

Value ($000) $1,322 (+34.6%) Shares 4,667 (+1.6%) Est. Cost $178.43 Unrealized +38.4%

HD HOME DEPOT INC 0.1%

Value ($000) $3,432 (-9.0%) Shares 9,975 (+7.2%) Est. Cost $276.77 Unrealized +31.7%

USB US BANCORP DEL 0.0%

Value ($000) $2,275 (+17.3%) Shares 42,627 (+6.3%) Est. Cost $41.23 Unrealized +18.2%

WMT WALMART INC 0.0%

Value ($000) $536 (+158.5%) Shares 4,812 (+139.2%) Est. Cost $102.00 Unrealized +5.1%

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value ($000) $1,246 (+29.8%) Shares 4,842 (+48.1%) Est. Cost $280.97 Unrealized -5.7%

ACN ACCENTURE PLC IRELAND 0.0%

Value ($000) $672 (+69.8%) Shares 2,504 (+56.1%) Est. Cost $310.06 Unrealized -18.1%

LYB LYONDELLBASELL INDUSTRIES N 0.0%

Value ($000) $1,231 (+28.4%) Shares 28,420 (+45.4%) Est. Cost $67.26 Unrealized -33.9%

CSCO CISCO SYS INC 0.0%

Value ($000) $2,088 (+14.9%) Shares 27,213 (+2.1%) Est. Cost $48.35 Unrealized +52.6%

EW EDWARDS LIFESCIENCES CORP 0.0%

Value ($000) $1,721 (+15.7%) Shares 20,185 (+5.6%) Est. Cost $76.33 Unrealized +7.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $12,482 (+1.8%) Shares 24,833 (+1.8%) Est. Cost $291.70 Unrealized +70.6%

CB CHUBB LIMITED 0.0%

Value ($000) $2,004 (+11.7%) Shares 6,421 (+1.1%) Est. Cost $281.49 Unrealized +3.9%

ABBV ABBVIE INC 0.0%

Value ($000) $343 (+146.7%) Shares 1,500 (+150.0%) Est. Cost $174.45 Unrealized +30.4%

SCHW SCHWAB CHARLES CORP 0.0%

Value ($000) $1,919 (+11.1%) Shares 19,207 (+6.2%) Est. Cost $79.17 Unrealized +19.7%

PANW PALO ALTO NETWORKS INC 0.3%

Value ($000) $16,587 (-1.1%) Shares 90,048 (+9.3%) Est. Cost $168.13 Unrealized +20.0%

IBN ICICI BANK LIMITED 0.0%

Value ($000) $1,409 (+15.6%) Shares 47,297 (+17.3%) Est. Cost $29.63 Unrealized —

ALC ALCON AG 0.0%

Value ($000) $319 (+114.5%) Shares 4,000 (+100.0%) Est. Cost $87.35 Unrealized -11.8%

AMZN AMAZON COM INC 0.0%

Value ($000) $254 (+189.1%) Shares 1,100 (+175.0%) Est. Cost $132.09 Unrealized +73.2%

SW SMURFIT WESTROCK PLC 0.1%

Value ($000) $2,949 (+5.2%) Shares 76,271 (+15.8%) Est. Cost $43.24 Unrealized -11.8%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.0%

Value ($000) $1,044 (+14.8%) Shares 12,717 (+30.8%) Est. Cost $83.25 Unrealized -1.5%

AMAT APPLIED MATLS INC 0.0%

Value ($000) $579 (+30.0%) Shares 2,261 (+3.7%) Est. Cost $166.54 Unrealized +43.8%

AMP AMERIPRISE FINL INC 0.0%

Value ($000) $475 (+37.1%) Shares 968 (+37.3%) Est. Cost $498.67 Unrealized -5.0%

DG DOLLAR GEN CORP NEW 0.0%

Value ($000) $511 (+33.1%) Shares 3,849 (+3.6%) Est. Cost $76.13 Unrealized +46.5%

DIS DISNEY WALT CO 0.0%

Value ($000) $823 (+17.8%) Shares 7,232 (+18.6%) Est. Cost $110.27 Unrealized -0.7%

BIIB BIOGEN INC 0.0%

Value ($000) $523 (+30.2%) Shares 2,969 (+3.6%) Est. Cost $136.07 Unrealized +20.1%

PSTG PURE STORAGE INC 0.1%

Value ($000) $4,287 (+2.9%) Shares 63,978 (+28.7%) Est. Cost $61.24 Unrealized +36.4%

BX BLACKSTONE INC 0.0%

Value ($000) $476 (+32.7%) Shares 3,088 (+47.0%) Est. Cost $119.19 Unrealized +27.1%

CF CF INDS HLDGS INC 0.0%

Value ($000) $1,240 (-8.3%) Shares 16,033 (+6.3%) Est. Cost $83.84 Unrealized -2.3%

PYPL PAYPAL HLDGS INC 0.0%

Value ($000) $413 (+24.5%) Shares 7,081 (+43.0%) Est. Cost $67.30 Unrealized -3.6%

SBUX STARBUCKS CORP 0.0%

Value ($000) $1,233 (+6.0%) Shares 14,701 (+6.5%) Est. Cost $95.68 Unrealized -12.1%

GRAB GRAB HOLDINGS LIMITED 0.0%

Value ($000) $984 (+7.1%) Shares 197,187 (+29.2%) Est. Cost $5.36 Unrealized +3.1%

ABNB AIRBNB INC 0.0%

Value ($000) $460 (+15.9%) Shares 3,390 (+3.7%) Est. Cost $132.55 Unrealized -6.0%

ETSY ETSY INC 0.0%

Value ($000) $379 (-13.6%) Shares 6,831 (+3.5%) Est. Cost $51.20 Unrealized +19.2%

UNP UNION PAC CORP 0.0%

Value ($000) $1,076 (+5.8%) Shares 4,653 (+8.1%) Est. Cost $213.50 Unrealized +6.5%

NOW SERVICENOW INC 0.0%

Value ($000) $283 (-16.8%) Shares 1,850 (+400.0%) Est. Cost $167.53 Unrealized +2.4%

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value ($000) $429 (+12.6%) Shares 1,225 (+3.8%) Est. Cost $375.09 Unrealized -10.2%

VRSN VERISIGN INC 0.0%

Value ($000) $404 (-10.0%) Shares 1,661 (+3.6%) Est. Cost $242.47 Unrealized +3.4%

NVR NVR INC 0.0%

Value ($000) $438 (+6.8%) Shares 60 (+17.6%) Est. Cost $7460.30 Unrealized +0.2%

OTIS OTIS WORLDWIDE CORP 0.0%

Value ($000) $1,364 (-1.9%) Shares 15,611 (+2.7%) Est. Cost $77.22 Unrealized +15.6%

ADSK AUTODESK INC 0.0%

Value ($000) $1,491 (-1.2%) Shares 5,037 (+6.0%) Est. Cost $285.37 Unrealized +6.0%

WYNN WYNN RESORTS LTD 0.0%

Value ($000) $471 (-2.7%) Shares 3,915 (+3.7%) Est. Cost $85.89 Unrealized +43.8%

PKG PACKAGING CORP AMER 0.0%

Value ($000) $427 (-2.1%) Shares 2,072 (+3.5%) Est. Cost $200.05 Unrealized +1.1%

HUM HUMANA INC 0.0%

Value ($000) $445 (+2.0%) Shares 1,738 (+3.6%) Est. Cost $256.76 Unrealized +1.8%

AFL AFLAC INC 0.0%

Value ($000) $406 (+2.2%) Shares 3,681 (+3.5%) Est. Cost $104.11 Unrealized +5.5%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $1,711 (-0.4%) Shares 42,003 (+7.5%) Est. Cost $41.73 Unrealized -3.0%

GBDC GOLUB CAP BDC INC 0.0%

Value ($000) $198 (+1.9%) Shares 14,618 (+2.8%) Est. Cost $13.91 Unrealized -2.6%

LOW LOWES COS INC 0.0%

Value ($000) $417 (-0.6%) Shares 1,729 (+3.6%) Est. Cost $235.49 Unrealized +1.8%

OBDC BLUE OWL CAPITAL CORPORATION 0.0%

Value ($000) $169 (+0.2%) Shares 13,584 (+3.0%) Est. Cost $13.38 Unrealized -7.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	563,229 (+76.1%)	$153,119 (+88.0%)	3.1%	$184.28	+45.6%	COM	037833100
AVGO	BROADCOM INC	275,998 (+63.1%)	$95,523 (+71.1%)	1.9%	$236.72	+50.8%	COM	11135F101
DHR	DANAHER CORPORATION	366,481 (+25.4%)	$83,895 (+44.8%)	1.7%	$195.10	+12.5%	COM	235851102
SLB	SLB LIMITED	1,526,880 (+53.2%)	$58,602 (+71.0%)	1.2%	$35.27	+2.2%	COM STK	806857108
LIN	LINDE PLC	108,887 (+79.2%)	$46,428 (+60.8%)	0.9%	$382.92	+11.6%	SHS	G54950103
RRC	RANGE RES CORP	1,038,000 (+100.0%)	$36,600 (+87.4%)	0.7%	$36.48	+2.1%	COM	75281A109
GILD	GILEAD SCIENCES INC	151,893 (+893.5%)	$18,643 (+998.6%)	0.4%	$119.88	+0.8%	COM	375558103
BKNG	BOOKING HOLDINGS INC	4,148 (+181.2%)	$22,214 (+178.9%)	0.4%	$4103.38	+25.2%	COM	09857L108
ABBV	ABBVIE INC	421,003 (+8.8%)	$96,195 (+7.3%)	1.9%	$174.45	+30.4%	COM	00287Y109
MSCI	MSCI INC	26,665 (+70.2%)	$15,299 (+72.1%)	0.3%	$561.54	-0.3%	COM	55354G100
GLD	SPDR GOLD TR	44,730 (+10.5%)	$17,655 (+23.1%)	0.4%	$225.05	—	GOLD SHS	78463V107
JPM	JPMORGAN CHASE & CO.	203,086 (+1.4%)	$65,438 (+3.6%)	1.3%	$111.47	+177.7%	COM	46625H100
WDAY	WORKDAY INC	36,547 (+54.3%)	$7,850 (+37.6%)	0.2%	$242.21	-6.2%	CL A	98138H101
MELI	MERCADOLIBRE INC	4,386 (+47.3%)	$8,835 (+26.9%)	0.2%	$2170.12	-3.2%	COM	58733R102
ADBE	ADOBE INC	31,031 (+19.3%)	$10,861 (+18.3%)	0.2%	$406.36	-16.3%	COM	00724F101
SYK	STRYKER CORPORATION	157,040 (+8.2%)	$55,195 (+2.9%)	1.1%	$373.72	-2.7%	COM	863667101
ASX	ASE TECHNOLOGY HLDG CO LTD	165,464 (+31.5%)	$2,664 (+90.8%)	0.1%	$10.52	—	SPONSORED ADS	00215W100
NFLX	NETFLIX INC	103,202 (+1370.3%)	$9,676 (+15.0%)	0.2%	$106.74	+1.0%	COM	64110L106
KO	COCA COLA CO	26,261 (+100.7%)	$1,836 (+111.6%)	0.0%	$59.96	+15.7%	COM	191216100
UBS	UBS GROUP AG	96,114 (+11.6%)	$4,484 (+27.4%)	0.1%	$35.99	+12.3%	SHS	H42097107
HDB	HDFC BANK LTD	99,607 (+21.1%)	$3,640 (+29.6%)	0.1%	$47.58	—	SPONSORED ADS	40415F101
ORLY	OREILLY AUTOMOTIVE INC	546,039 (+16.3%)	$49,804 (-1.6%)	1.0%	$90.76	+7.6%	COM	67103H107
ALC	ALCON AG	75,596 (+7.5%)	$6,038 (+15.3%)	0.1%	$87.35	-11.8%	ORD SHS	H01301128
RACE	FERRARI N V	4,417 (+134.7%)	$1,653 (+81.6%)	0.0%	$378.65	+5.7%	COM	N3167Y103
GS	GOLDMAN SACHS GROUP INC	3,994 (+9.2%)	$3,511 (+20.6%)	0.1%	$591.06	+37.6%	COM	38141G104
INFY	INFOSYS LTD	109,231 (+30.6%)	$1,946 (+43.1%)	0.0%	$17.40	—	SPONSORED ADR	456788108
YUMC	YUM CHINA HLDGS INC	49,350 (+19.2%)	$2,346 (+32.5%)	0.0%	$46.41	-1.3%	COM	98850P109
SE	SEA LTD	58,914 (+31.3%)	$7,529 (-6.5%)	0.2%	$120.32	—	SPONSORD ADS	81141R100
DB	DEUTSCHE BANK A G	79,202 (+5.5%)	$3,080 (+16.6%)	0.1%	$26.53	+36.0%	NAMEN AKT	D18190898
CVX	CHEVRON CORP NEW	17,024 (+19.5%)	$2,595 (+17.3%)	0.1%	$143.95	+5.2%	COM	166764100
JNJ	JOHNSON & JOHNSON	9,773 (+9.3%)	$2,023 (+22.0%)	0.0%	$131.25	+50.1%	COM	478160104
EXPE	EXPEDIA GROUP INC	4,667 (+1.6%)	$1,322 (+34.6%)	0.0%	$178.43	+38.4%	COM NEW	30212P303
HD	HOME DEPOT INC	9,975 (+7.2%)	$3,432 (-9.0%)	0.1%	$276.77	+31.7%	COM	437076102
USB	US BANCORP DEL	42,627 (+6.3%)	$2,275 (+17.3%)	0.0%	$41.23	+18.2%	COM NEW	902973304
WMT	WALMART INC	4,812 (+139.2%)	$536 (+158.5%)	0.0%	$102.00	+5.1%	COM	931142103
ADP	AUTOMATIC DATA PROCESSING IN	4,842 (+48.1%)	$1,246 (+29.8%)	0.0%	$280.97	-5.7%	COM	053015103
ACN	ACCENTURE PLC IRELAND	2,504 (+56.1%)	$672 (+69.8%)	0.0%	$310.06	-18.1%	SHS CLASS A	G1151C101
LYB	LYONDELLBASELL INDUSTRIES N	28,420 (+45.4%)	$1,231 (+28.4%)	0.0%	$67.26	-33.9%	SHS - A -	N53745100
CSCO	CISCO SYS INC	27,213 (+2.1%)	$2,088 (+14.9%)	0.0%	$48.35	+52.6%	COM	17275R102
EW	EDWARDS LIFESCIENCES CORP	20,185 (+5.6%)	$1,721 (+15.7%)	0.0%	$76.33	+7.5%	COM	28176E108
BRK/B	BERKSHIRE HATHAWAY INC DEL	24,833 (+1.8%)	$12,482 (+1.8%)	0.2%	$291.70	+70.6%	CL B NEW	084670702
CB	CHUBB LIMITED	6,421 (+1.1%)	$2,004 (+11.7%)	0.0%	$281.49	+3.9%	COM	H1467J104
ABBV	ABBVIE INC	1,500 (+150.0%)	$343 (+146.7%)	0.0%	$174.45	+30.4%	PUT	00287Y109
SCHW	SCHWAB CHARLES CORP	19,207 (+6.2%)	$1,919 (+11.1%)	0.0%	$79.17	+19.7%	COM	808513105
PANW	PALO ALTO NETWORKS INC	90,048 (+9.3%)	$16,587 (-1.1%)	0.3%	$168.13	+20.0%	COM	697435105
IBN	ICICI BANK LIMITED	47,297 (+17.3%)	$1,409 (+15.6%)	0.0%	$29.63	—	ADR	45104G104
ALC	ALCON AG	4,000 (+100.0%)	$319 (+114.5%)	0.0%	$87.35	-11.8%	PUT	H01301128
AMZN	AMAZON COM INC	1,100 (+175.0%)	$254 (+189.1%)	0.0%	$132.09	+73.2%	PUT	023135106
SW	SMURFIT WESTROCK PLC	76,271 (+15.8%)	$2,949 (+5.2%)	0.1%	$43.24	-11.8%	SHS	G8267P108
MMYT	MAKEMYTRIP LIMITED MAURITIUS	12,717 (+30.8%)	$1,044 (+14.8%)	0.0%	$83.25	-1.5%	SHS	V5633W109
AMAT	APPLIED MATLS INC	2,261 (+3.7%)	$579 (+30.0%)	0.0%	$166.54	+43.8%	COM	038222105
AMP	AMERIPRISE FINL INC	968 (+37.3%)	$475 (+37.1%)	0.0%	$498.67	-5.0%	COM	03076C106
DG	DOLLAR GEN CORP NEW	3,849 (+3.6%)	$511 (+33.1%)	0.0%	$76.13	+46.5%	COM	256677105
DIS	DISNEY WALT CO	7,232 (+18.6%)	$823 (+17.8%)	0.0%	$110.27	-0.7%	COM	254687106
BIIB	BIOGEN INC	2,969 (+3.6%)	$523 (+30.2%)	0.0%	$136.07	+20.1%	COM	09062X103
PSTG	PURE STORAGE INC	63,978 (+28.7%)	$4,287 (+2.9%)	0.1%	$61.24	+36.4%	CL A	74624M102
BX	BLACKSTONE INC	3,088 (+47.0%)	$476 (+32.7%)	0.0%	$119.19	+27.1%	COM	09260D107
CF	CF INDS HLDGS INC	16,033 (+6.3%)	$1,240 (-8.3%)	0.0%	$83.84	-2.3%	COM	125269100
PYPL	PAYPAL HLDGS INC	7,081 (+43.0%)	$413 (+24.5%)	0.0%	$67.30	-3.6%	COM	70450Y103
SBUX	STARBUCKS CORP	14,701 (+6.5%)	$1,233 (+6.0%)	0.0%	$95.68	-12.1%	COM	855244109
GRAB	GRAB HOLDINGS LIMITED	197,187 (+29.2%)	$984 (+7.1%)	0.0%	$5.36	+3.1%	CLASS A ORD	G4124C109
ABNB	AIRBNB INC	3,390 (+3.7%)	$460 (+15.9%)	0.0%	$132.55	-6.0%	COM CL A	009066101
ETSY	ETSY INC	6,831 (+3.5%)	$379 (-13.6%)	0.0%	$51.20	+19.2%	COM	29786A106
UNP	UNION PAC CORP	4,653 (+8.1%)	$1,076 (+5.8%)	0.0%	$213.50	+6.5%	COM	907818108
NOW	SERVICENOW INC	1,850 (+400.0%)	$283 (-16.8%)	0.0%	$167.53	+2.4%	COM	81762P102
ELV	ELEVANCE HEALTH INC FORMERLY	1,225 (+3.8%)	$429 (+12.6%)	0.0%	$375.09	-10.2%	COM	036752103
VRSN	VERISIGN INC	1,661 (+3.6%)	$404 (-10.0%)	0.0%	$242.47	+3.4%	COM	92343E102
NVR	NVR INC	60 (+17.6%)	$438 (+6.8%)	0.0%	$7460.30	+0.2%	COM	62944T105
OTIS	OTIS WORLDWIDE CORP	15,611 (+2.7%)	$1,364 (-1.9%)	0.0%	$77.22	+15.6%	COM	68902V107
ADSK	AUTODESK INC	5,037 (+6.0%)	$1,491 (-1.2%)	0.0%	$285.37	+6.0%	COM	052769106
WYNN	WYNN RESORTS LTD	3,915 (+3.7%)	$471 (-2.7%)	0.0%	$85.89	+43.8%	COM	983134107
PKG	PACKAGING CORP AMER	2,072 (+3.5%)	$427 (-2.1%)	0.0%	$200.05	+1.1%	COM	695156109
HUM	HUMANA INC	1,738 (+3.6%)	$445 (+2.0%)	0.0%	$256.76	+1.8%	COM	444859102
AFL	AFLAC INC	3,681 (+3.5%)	$406 (+2.2%)	0.0%	$104.11	+5.5%	COM	001055102
VZ	VERIZON COMMUNICATIONS INC	42,003 (+7.5%)	$1,711 (-0.4%)	0.0%	$41.73	-3.0%	COM	92343V104
GBDC	GOLUB CAP BDC INC	14,618 (+2.8%)	$198 (+1.9%)	0.0%	$13.91	-2.6%	COM	38173M102
LOW	LOWES COS INC	1,729 (+3.6%)	$417 (-0.6%)	0.0%	$235.49	+1.8%	COM	548661107
OBDC	BLUE OWL CAPITAL CORPORATION	13,584 (+3.0%)	$169 (+0.2%)	0.0%	$13.38	-7.7%	COM	69121K104

Exited Positions (15)

RXRX RECURSION PHARMACEUTICALS IN 0.2%

Value ($000) $7,954 Shares 1,630,000 Est. Cost $5.25 Unrealized -5.7%

BND VANGUARD BD INDEX FDS 0.0%

Value ($000) $1,190 Shares 16,000 Est. Cost $74.37 Unrealized —

CNH CNH INDL N V 0.0%

Value ($000) $1,076 Shares 99,138 Est. Cost $11.29 Unrealized -11.5%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $766 Shares 3,799 Est. Cost $125.13 Unrealized +61.2%

NKE NIKE INC 0.0%

Value ($000) $520 Shares 7,455 Est. Cost $99.43 Unrealized -34.7%

IAT ISHARES TR 0.0%

Value ($000) $472 Shares 8,979 Est. Cost $50.36 Unrealized —

EXPD EXPEDITORS INTL WASH INC 0.0%

Value ($000) $403 Shares 3,286 Est. Cost $112.86 Unrealized +20.2%

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $394 Shares 1,512 Est. Cost $262.00 Unrealized +8.9%

WH WYNDHAM HOTELS & RESORTS INC 0.0%

Value ($000) $389 Shares 4,874 Est. Cost $89.14 Unrealized -15.4%

TROW PRICE T ROWE GROUP INC 0.0%

Value ($000) $380 Shares 3,705 Est. Cost $96.78 Unrealized +5.6%

TGT TARGET CORP 0.0%

Value ($000) $362 Shares 4,039 Est. Cost $108.17 Unrealized -15.3%

MRVL MARVELL TECHNOLOGY INC 0.0%

Value ($000) $350 Shares 4,160 Est. Cost $73.50 Unrealized +19.0%

SDY SPDR SERIES TRUST 0.0%

Value ($000) $307 Shares 2,193 Est. Cost $140.05 Unrealized —

ORCL ORACLE CORP 0.0%

Value ($000) $242 Shares 862 Est. Cost $160.80 Unrealized +48.0%

TW TRADEWEB MKTS INC 0.0%

Value ($000) $219 Shares 1,970 Est. Cost $131.89 Unrealized -18.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RXRX	RECURSION PHARMACEUTICALS IN	1,630,000	$7,954	0.2%	$5.25	-5.7%	—	75629V104
BND	VANGUARD BD INDEX FDS	16,000	$1,190	0.0%	$74.37	—	—	921937835
CNH	CNH INDL N V	99,138	$1,076	0.0%	$11.29	-11.5%	—	N20944109
EA	ELECTRONIC ARTS INC	3,799	$766	0.0%	$125.13	+61.2%	—	285512109
NKE	NIKE INC	7,455	$520	0.0%	$99.43	-34.7%	—	654106103
IAT	ISHARES TR	8,979	$472	0.0%	$50.36	—	—	464288778
EXPD	EXPEDITORS INTL WASH INC	3,286	$403	0.0%	$112.86	+20.2%	—	302130109
MAR	MARRIOTT INTL INC NEW	1,512	$394	0.0%	$262.00	+8.9%	—	571903202
WH	WYNDHAM HOTELS & RESORTS INC	4,874	$389	0.0%	$89.14	-15.4%	—	98311A105
TROW	PRICE T ROWE GROUP INC	3,705	$380	0.0%	$96.78	+5.6%	—	74144T108
TGT	TARGET CORP	4,039	$362	0.0%	$108.17	-15.3%	—	87612E106
MRVL	MARVELL TECHNOLOGY INC	4,160	$350	0.0%	$73.50	+19.0%	—	573874104
SDY	SPDR SERIES TRUST	2,193	$307	0.0%	$140.05	—	—	78464A763
ORCL	ORACLE CORP	862	$242	0.0%	$160.80	+48.0%	—	68389X105
TW	TRADEWEB MKTS INC	1,970	$219	0.0%	$131.89	-18.6%	—	892672106

Decreased Positions (68)

PG PROCTER AND GAMBLE CO 0.2%

Value ($000) $11,692 (-82.7%) Shares 81,587 (-81.5%) Est. Cost $158.84 Unrealized -7.3%

MSFT MICROSOFT CORP 8.7%

Value ($000) $437,553 (-8.6%) Shares 908,422 (-2.0%) Est. Cost $243.67 Unrealized +105.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.8%

Value ($000) $90,459 (-28.2%) Shares 297,971 (-34.0%) Est. Cost $107.68 Unrealized —

GOOGL ALPHABET INC 8.0%

Value ($000) $402,012 (+9.4%) Shares 1,284,383 (-15.0%) Est. Cost $112.57 Unrealized +153.7%

META META PLATFORMS INC 2.6%

Value ($000) $131,231 (-16.7%) Shares 198,807 (-7.3%) Est. Cost $295.17 Unrealized +126.1%

CMG CHIPOTLE MEXICAN GRILL INC 0.7%

Value ($000) $35,378 (-39.5%) Shares 956,152 (-35.9%) Est. Cost $60.32 Unrealized -40.0%

NVDA NVIDIA CORPORATION 8.4%

Value ($000) $419,026 (-4.3%) Shares 2,246,789 (-4.3%) Est. Cost $95.26 Unrealized +95.4%

AMZN AMAZON COM INC 8.4%

Value ($000) $422,877 (-4.0%) Shares 1,832,063 (-8.7%) Est. Cost $132.09 Unrealized +73.2%

EOG EOG RES INC 0.0%

Value ($000) $359 (-98.0%) Shares 3,414 (-97.9%) Est. Cost $111.03 Unrealized -3.4%

OC OWENS CORNING NEW 0.8%

Value ($000) $38,431 (-29.7%) Shares 343,412 (-11.2%) Est. Cost $163.40 Unrealized -28.2%

UNH UNITEDHEALTH GROUP INC 1.4%

Value ($000) $68,764 (-19.0%) Shares 208,306 (-15.2%) Est. Cost $342.97 Unrealized -1.7%

MRSH MARSH & MCLENNAN COS INC 0.8%

Value ($000) $42,257 (-24.7%) Shares 227,777 (-18.2%) Est. Cost $215.79 Unrealized -13.6%

ETN EATON CORP PLC 1.1%

Value ($000) $56,199 (-18.4%) Shares 176,444 (-4.1%) Est. Cost $337.84 Unrealized +4.9%

LLY ELI LILLY & CO 1.3%

Value ($000) $64,343 (+23.7%) Shares 59,872 (-12.2%) Est. Cost $464.07 Unrealized +105.9%

ZTS ZOETIS INC 0.9%

Value ($000) $46,353 (-20.5%) Shares 368,410 (-7.6%) Est. Cost $136.83 Unrealized -4.8%

DHI D R HORTON INC 0.3%

Value ($000) $17,402 (-34.8%) Shares 120,819 (-23.3%) Est. Cost $145.66 Unrealized +4.4%

MCD MCDONALDS CORP 1.0%

Value ($000) $49,118 (-13.4%) Shares 160,712 (-13.9%) Est. Cost $213.28 Unrealized +43.0%

TXN TEXAS INSTRS INC 0.3%

Value ($000) $14,944 (-33.2%) Shares 86,137 (-29.2%) Est. Cost $156.61 Unrealized +9.0%

QQQ INVESCO QQQ TR 0.5%

Value ($000) $23,213 (-20.9%) Shares 37,941 (-22.6%) Est. Cost $330.62 Unrealized —

EXAS EXACT SCIENCES CORP 0.3%

Value ($000) $14,910 (+68.6%) Shares 146,813 (-9.2%) Est. Cost $86.27 Unrealized -6.9%

UBER UBER TECHNOLOGIES INC 0.5%

Value ($000) $26,480 (-17.6%) Shares 324,071 (-1.2%) Est. Cost $84.57 Unrealized +6.5%

GOOG ALPHABET INC 2.1%

Value ($000) $102,805 (-5.1%) Shares 327,612 (-26.3%) Est. Cost $114.99 Unrealized +149.0%

MA MASTERCARD INCORPORATED 0.5%

Value ($000) $24,619 (-18.0%) Shares 43,124 (-18.3%) Est. Cost $358.95 Unrealized +55.7%

WM WASTE MGMT INC DEL 0.4%

Value ($000) $19,064 (-21.4%) Shares 86,770 (-21.0%) Est. Cost $195.47 Unrealized +8.7%

MDLZ MONDELEZ INTL INC 0.3%

Value ($000) $16,761 (-20.8%) Shares 311,374 (-8.1%) Est. Cost $49.20 Unrealized +16.0%

FCX FREEPORT-MCMORAN INC 0.5%

Value ($000) $23,675 (+21.0%) Shares 466,140 (-6.5%) Est. Cost $42.48 Unrealized +2.0%

PINS PINTEREST INC 0.2%

Value ($000) $8,200 (-33.3%) Shares 316,734 (-17.1%) Est. Cost $30.43 Unrealized -5.4%

AMD ADVANCED MICRO DEVICES INC 0.8%

Value ($000) $41,154 (+9.2%) Shares 192,163 (-17.5%) Est. Cost $121.31 Unrealized +85.1%

WFC WELLS FARGO CO NEW 1.4%

Value ($000) $70,842 (+4.5%) Shares 760,106 (-6.0%) Est. Cost $43.83 Unrealized +97.7%

MCO MOODYS CORP 0.4%

Value ($000) $21,702 (-12.3%) Shares 42,482 (-18.2%) Est. Cost $325.92 Unrealized +49.5%

BAC BANK AMERICA CORP 0.6%

Value ($000) $29,700 (-9.2%) Shares 540,007 (-14.8%) Est. Cost $32.38 Unrealized +62.6%

CRM SALESFORCE INC 1.1%

Value ($000) $55,511 (-4.7%) Shares 209,546 (-14.7%) Est. Cost $222.39 Unrealized +11.6%

TMO THERMO FISHER SCIENTIFIC INC 0.4%

Value ($000) $20,172 (+14.9%) Shares 34,813 (-3.8%) Est. Cost $416.37 Unrealized +35.7%

MRK MERCK & CO INC 0.5%

Value ($000) $26,750 (-8.8%) Shares 254,135 (-27.2%) Est. Cost $99.57 Unrealized -6.4%

CME CME GROUP INC 0.3%

Value ($000) $17,218 (-12.5%) Shares 63,051 (-13.4%) Est. Cost $185.84 Unrealized +45.7%

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $16,217 (-13.1%) Shares 23,782 (-15.1%) Est. Cost $25602.77 Unrealized —

ABT ABBOTT LABS 0.2%

Value ($000) $7,517 (-23.4%) Shares 59,994 (-18.1%) Est. Cost $102.44 Unrealized +24.3%

ROL ROLLINS INC 0.0%

Value ($000) $1,503 (-57.6%) Shares 25,045 (-58.5%) Est. Cost $35.82 Unrealized +63.8%

V VISA INC 4.0%

Value ($000) $200,397 (+0.8%) Shares 571,404 (-1.9%) Est. Cost $213.80 Unrealized +59.2%

ICE INTERCONTINENTAL EXCHANGE IN 0.1%

Value ($000) $5,824 (-20.6%) Shares 35,962 (-17.4%) Est. Cost $114.49 Unrealized +36.4%

MU MICRON TECHNOLOGY INC 0.2%

Value ($000) $10,690 (+15.6%) Shares 37,455 (-32.2%) Est. Cost $82.88 Unrealized +176.7%

HON HONEYWELL INTL INC 0.2%

Value ($000) $11,315 (-9.4%) Shares 58,000 (-2.2%) Est. Cost $167.78 Unrealized +16.2%

BSX BOSTON SCIENTIFIC CORP 0.3%

Value ($000) $14,733 (-4.4%) Shares 154,519 (-2.2%) Est. Cost $85.55 Unrealized +14.6%

DXCM DEXCOM INC 0.2%

Value ($000) $9,480 (-6.7%) Shares 142,832 (-5.4%) Est. Cost $102.11 Unrealized -36.7%

PEP PEPSICO INC 0.2%

Value ($000) $8,828 (-6.3%) Shares 61,508 (-8.3%) Est. Cost $134.73 Unrealized +8.3%

VERX VERTEX INC 0.0%

Value ($000) $626 (-47.8%) Shares 31,350 (-35.3%) Est. Cost $38.46 Unrealized -43.8%

CQQQ INVESCO EXCH TRADED FD TR II 0.0%

Value ($000) $963 (-34.6%) Shares 18,523 (-25.8%) Est. Cost $52.83 Unrealized —

ANET ARISTA NETWORKS INC 0.0%

Value ($000) $926 (-32.9%) Shares 7,067 (-25.3%) Est. Cost $102.84 Unrealized +33.9%

PH PARKER-HANNIFIN CORP 0.1%

Value ($000) $5,491 (+8.6%) Shares 6,247 (-6.3%) Est. Cost $429.81 Unrealized +90.3%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $6,205 (+7.0%) Shares 51,814 (-1.8%) Est. Cost $74.27 Unrealized +54.6%

PTC PTC INC 0.0%

Value ($000) $1,720 (-18.4%) Shares 9,873 (-5.0%) Est. Cost $155.55 Unrealized +19.5%

CI THE CIGNA GROUP 0.1%

Value ($000) $2,977 (-10.7%) Shares 10,815 (-6.5%) Est. Cost $266.98 Unrealized +4.6%

ECL ECOLAB INC 0.0%

Value ($000) $633 (-34.1%) Shares 2,413 (-31.3%) Est. Cost $184.24 Unrealized +44.2%

TSLA TESLA INC 0.1%

Value ($000) $3,148 (-9.2%) Shares 7,000 (-10.3%) Est. Cost $231.90 Unrealized +91.2%

INTU INTUIT 0.0%

Value ($000) $986 (-19.4%) Shares 1,488 (-16.9%) Est. Cost $624.53 Unrealized +5.8%

STZ CONSTELLATION BRANDS INC 0.0%

Value ($000) $324 (-40.1%) Shares 2,347 (-41.5%) Est. Cost $206.07 Unrealized -33.6%

B BARRICK MNG CORP 0.0%

Value ($000) $252 (-46.0%) Shares 5,786 (-59.3%) Est. Cost $19.29 Unrealized +94.0%

ROK ROCKWELL AUTOMATION INC 0.0%

Value ($000) $1,161 (-14.8%) Shares 2,985 (-23.4%) Est. Cost $269.81 Unrealized +39.1%

— QIAGEN NV 0.0%

Value ($000) $546 (-23.0%) Shares 11,971 (-25.3%) Est. Cost $39.62 Unrealized —

ALGN ALIGN TECHNOLOGY INC 0.0%

Value ($000) $840 (+22.3%) Shares 5,382 (-1.9%) Est. Cost $174.56 Unrealized -17.9%

TJX TJX COS INC NEW 0.1%

Value ($000) $3,032 (-4.7%) Shares 19,736 (-10.4%) Est. Cost $83.08 Unrealized +77.8%

AMRZ AMRIZE LTD 0.0%

Value ($000) $1,072 (+9.5%) Shares 19,500 (-3.9%) Est. Cost $50.45 Unrealized +1.1%

MS MORGAN STANLEY 0.0%

Value ($000) $1,197 (+6.7%) Shares 6,745 (-4.5%) Est. Cost $90.81 Unrealized +83.3%

ASML ASML HOLDING N V 0.0%

Value ($000) $572 (+9.1%) Shares 535 (-1.3%) Est. Cost $706.72 Unrealized —

NVT NVENT ELECTRIC PLC 0.1%

Value ($000) $2,867 (-1.1%) Shares 28,112 (-4.3%) Est. Cost $66.62 Unrealized +55.5%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $484 (-5.0%) Shares 1,000 (-2.0%) Est. Cost $369.91 Unrealized +28.7%

LRCX LAM RESEARCH CORP 0.0%

Value ($000) $546 (+2.6%) Shares 3,190 (-19.7%) Est. Cost $78.11 Unrealized +98.9%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $401 (-1.5%) Shares 1,083 (-11.6%) Est. Cost $197.99 Unrealized +80.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER AND GAMBLE CO	81,587 (-81.5%)	$11,692 (-82.7%)	0.2%	$158.84	-7.3%	COM	742718109
MSFT	MICROSOFT CORP	908,422 (-2.0%)	$437,553 (-8.6%)	8.7%	$243.67	+105.4%	COM	594918104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	297,971 (-34.0%)	$90,459 (-28.2%)	1.8%	$107.68	—	SPONSORED ADS	874039100
GOOGL	ALPHABET INC	1,284,383 (-15.0%)	$402,012 (+9.4%)	8.0%	$112.57	+153.7%	CAP STK CL A	02079K305
META	META PLATFORMS INC	198,807 (-7.3%)	$131,231 (-16.7%)	2.6%	$295.17	+126.1%	CL A	30303M102
CMG	CHIPOTLE MEXICAN GRILL INC	956,152 (-35.9%)	$35,378 (-39.5%)	0.7%	$60.32	-40.0%	COM	169656105
NVDA	NVIDIA CORPORATION	2,246,789 (-4.3%)	$419,026 (-4.3%)	8.4%	$95.26	+95.4%	COM	67066G104
AMZN	AMAZON COM INC	1,832,063 (-8.7%)	$422,877 (-4.0%)	8.4%	$132.09	+73.2%	COM	023135106
EOG	EOG RES INC	3,414 (-97.9%)	$359 (-98.0%)	0.0%	$111.03	-3.4%	COM	26875P101
OC	OWENS CORNING NEW	343,412 (-11.2%)	$38,431 (-29.7%)	0.8%	$163.40	-28.2%	COM	690742101
UNH	UNITEDHEALTH GROUP INC	208,306 (-15.2%)	$68,764 (-19.0%)	1.4%	$342.97	-1.7%	COM	91324P102
MRSH	MARSH & MCLENNAN COS INC	227,777 (-18.2%)	$42,257 (-24.7%)	0.8%	$215.79	-13.6%	COM	571748102
ETN	EATON CORP PLC	176,444 (-4.1%)	$56,199 (-18.4%)	1.1%	$337.84	+4.9%	SHS	G29183103
LLY	ELI LILLY & CO	59,872 (-12.2%)	$64,343 (+23.7%)	1.3%	$464.07	+105.9%	COM	532457108
ZTS	ZOETIS INC	368,410 (-7.6%)	$46,353 (-20.5%)	0.9%	$136.83	-4.8%	CL A	98978V103
DHI	D R HORTON INC	120,819 (-23.3%)	$17,402 (-34.8%)	0.3%	$145.66	+4.4%	COM	23331A109
MCD	MCDONALDS CORP	160,712 (-13.9%)	$49,118 (-13.4%)	1.0%	$213.28	+43.0%	COM	580135101
TXN	TEXAS INSTRS INC	86,137 (-29.2%)	$14,944 (-33.2%)	0.3%	$156.61	+9.0%	COM	882508104
QQQ	INVESCO QQQ TR	37,941 (-22.6%)	$23,213 (-20.9%)	0.5%	$330.62	—	UNIT SER 1	46090E103
EXAS	EXACT SCIENCES CORP	146,813 (-9.2%)	$14,910 (+68.6%)	0.3%	$86.27	-6.9%	COM	30063P105
UBER	UBER TECHNOLOGIES INC	324,071 (-1.2%)	$26,480 (-17.6%)	0.5%	$84.57	+6.5%	COM	90353T100
GOOG	ALPHABET INC	327,612 (-26.3%)	$102,805 (-5.1%)	2.1%	$114.99	+149.0%	CAP STK CL C	02079K107
MA	MASTERCARD INCORPORATED	43,124 (-18.3%)	$24,619 (-18.0%)	0.5%	$358.95	+55.7%	CL A	57636Q104
WM	WASTE MGMT INC DEL	86,770 (-21.0%)	$19,064 (-21.4%)	0.4%	$195.47	+8.7%	COM	94106L109
MDLZ	MONDELEZ INTL INC	311,374 (-8.1%)	$16,761 (-20.8%)	0.3%	$49.20	+16.0%	CL A	609207105
FCX	FREEPORT-MCMORAN INC	466,140 (-6.5%)	$23,675 (+21.0%)	0.5%	$42.48	+2.0%	CL B	35671D857
PINS	PINTEREST INC	316,734 (-17.1%)	$8,200 (-33.3%)	0.2%	$30.43	-5.4%	CL A	72352L106
AMD	ADVANCED MICRO DEVICES INC	192,163 (-17.5%)	$41,154 (+9.2%)	0.8%	$121.31	+85.1%	COM	007903107
WFC	WELLS FARGO CO NEW	760,106 (-6.0%)	$70,842 (+4.5%)	1.4%	$43.83	+97.7%	COM	949746101
MCO	MOODYS CORP	42,482 (-18.2%)	$21,702 (-12.3%)	0.4%	$325.92	+49.5%	COM	615369105
BAC	BANK AMERICA CORP	540,007 (-14.8%)	$29,700 (-9.2%)	0.6%	$32.38	+62.6%	COM	060505104
CRM	SALESFORCE INC	209,546 (-14.7%)	$55,511 (-4.7%)	1.1%	$222.39	+11.6%	COM	79466L302
TMO	THERMO FISHER SCIENTIFIC INC	34,813 (-3.8%)	$20,172 (+14.9%)	0.4%	$416.37	+35.7%	COM	883556102
MRK	MERCK & CO INC	254,135 (-27.2%)	$26,750 (-8.8%)	0.5%	$99.57	-6.4%	COM	58933Y105
CME	CME GROUP INC	63,051 (-13.4%)	$17,218 (-12.5%)	0.3%	$185.84	+45.7%	COM	12572Q105
SPY	SPDR S&P 500 ETF TR	23,782 (-15.1%)	$16,217 (-13.1%)	0.3%	$25602.77	—	TR UNIT	78462F103
ABT	ABBOTT LABS	59,994 (-18.1%)	$7,517 (-23.4%)	0.2%	$102.44	+24.3%	COM	002824100
ROL	ROLLINS INC	25,045 (-58.5%)	$1,503 (-57.6%)	0.0%	$35.82	+63.8%	COM	775711104
V	VISA INC	571,404 (-1.9%)	$200,397 (+0.8%)	4.0%	$213.80	+59.2%	COM CL A	92826C839
ICE	INTERCONTINENTAL EXCHANGE IN	35,962 (-17.4%)	$5,824 (-20.6%)	0.1%	$114.49	+36.4%	COM	45866F104
MU	MICRON TECHNOLOGY INC	37,455 (-32.2%)	$10,690 (+15.6%)	0.2%	$82.88	+176.7%	COM	595112103
HON	HONEYWELL INTL INC	58,000 (-2.2%)	$11,315 (-9.4%)	0.2%	$167.78	+16.2%	COM	438516106
BSX	BOSTON SCIENTIFIC CORP	154,519 (-2.2%)	$14,733 (-4.4%)	0.3%	$85.55	+14.6%	COM	101137107
DXCM	DEXCOM INC	142,832 (-5.4%)	$9,480 (-6.7%)	0.2%	$102.11	-36.7%	COM	252131107
PEP	PEPSICO INC	61,508 (-8.3%)	$8,828 (-6.3%)	0.2%	$134.73	+8.3%	COM	713448108
VERX	VERTEX INC	31,350 (-35.3%)	$626 (-47.8%)	0.0%	$38.46	-43.8%	CL A	92538J106
CQQQ	INVESCO EXCH TRADED FD TR II	18,523 (-25.8%)	$963 (-34.6%)	0.0%	$52.83	—	CHINA TECHNLGY	46138E800
ANET	ARISTA NETWORKS INC	7,067 (-25.3%)	$926 (-32.9%)	0.0%	$102.84	+33.9%	COM SHS	040413205
PH	PARKER-HANNIFIN CORP	6,247 (-6.3%)	$5,491 (+8.6%)	0.1%	$429.81	+90.3%	COM	701094104
JCI	JOHNSON CTLS INTL PLC	51,814 (-1.8%)	$6,205 (+7.0%)	0.1%	$74.27	+54.6%	SHS	G51502105
PTC	PTC INC	9,873 (-5.0%)	$1,720 (-18.4%)	0.0%	$155.55	+19.5%	COM	69370C100
CI	THE CIGNA GROUP	10,815 (-6.5%)	$2,977 (-10.7%)	0.1%	$266.98	+4.6%	COM	125523100
ECL	ECOLAB INC	2,413 (-31.3%)	$633 (-34.1%)	0.0%	$184.24	+44.2%	COM	278865100
TSLA	TESLA INC	7,000 (-10.3%)	$3,148 (-9.2%)	0.1%	$231.90	+91.2%	COM	88160R101
INTU	INTUIT	1,488 (-16.9%)	$986 (-19.4%)	0.0%	$624.53	+5.8%	COM	461202103
STZ	CONSTELLATION BRANDS INC	2,347 (-41.5%)	$324 (-40.1%)	0.0%	$206.07	-33.6%	CL A	21036P108
B	BARRICK MNG CORP	5,786 (-59.3%)	$252 (-46.0%)	0.0%	$19.29	+94.0%	COM SHS	06849F108
ROK	ROCKWELL AUTOMATION INC	2,985 (-23.4%)	$1,161 (-14.8%)	0.0%	$269.81	+39.1%	COM	773903109
—	QIAGEN NV	11,971 (-25.3%)	$546 (-23.0%)	0.0%	$39.62	—	COM SHS	N72482206
ALGN	ALIGN TECHNOLOGY INC	5,382 (-1.9%)	$840 (+22.3%)	0.0%	$174.56	-17.9%	COM	016255101
TJX	TJX COS INC NEW	19,736 (-10.4%)	$3,032 (-4.7%)	0.1%	$83.08	+77.8%	COM	872540109
AMRZ	AMRIZE LTD	19,500 (-3.9%)	$1,072 (+9.5%)	0.0%	$50.45	+1.1%	SHS	H2927K103
MS	MORGAN STANLEY	6,745 (-4.5%)	$1,197 (+6.7%)	0.0%	$90.81	+83.3%	COM NEW	617446448
ASML	ASML HOLDING N V	535 (-1.3%)	$572 (+9.1%)	0.0%	$706.72	—	N Y REGISTRY SHS	N07059210
NVT	NVENT ELECTRIC PLC	28,112 (-4.3%)	$2,867 (-1.1%)	0.1%	$66.62	+55.5%	SHS	G6700G107
LMT	LOCKHEED MARTIN CORP	1,000 (-2.0%)	$484 (-5.0%)	0.0%	$369.91	+28.7%	COM	539830109
LRCX	LAM RESEARCH CORP	3,190 (-19.7%)	$546 (+2.6%)	0.0%	$78.11	+98.9%	COM NEW	512807306
AXP	AMERICAN EXPRESS CO	1,083 (-11.6%)	$401 (-1.5%)	0.0%	$197.99	+80.3%	COM	025816109

Unchanged Positions (38)

ISRG INTUITIVE SURGICAL INC 2.2%

Value ($000) $108,358 Shares 191,323 Est. Cost $281.18 Unrealized +89.3%

PSKY PARAMOUNT SKYDANCE CORP 0.7%

Value ($000) $33,983 Shares 2,536,078 Est. Cost $14.51 Unrealized +7.3%

CTAS CINTAS CORP 1.9%

Value ($000) $96,731 Shares 514,336 Est. Cost $160.40 Unrealized +17.3%

COST COSTCO WHSL CORP NEW 2.0%

Value ($000) $101,113 Shares 117,254 Est. Cost $487.47 Unrealized +85.8%

AUR AURORA INNOVATION INC 0.3%

Value ($000) $13,056 Shares 3,400,000 Est. Cost $5.87 Unrealized -21.9%

IDXX IDEXX LABS INC 1.2%

Value ($000) $60,211 Shares 89,000 Est. Cost $265.04 Unrealized +156.9%

NG NOVAGOLD RES INC 1.1%

Value ($000) $53,002 Shares 5,676,000 Est. Cost $3.72 Unrealized +149.1%

SPGI S&P GLOBAL INC 0.8%

Value ($000) $39,042 Shares 74,709 Est. Cost $426.31 Unrealized +15.9%

ESLT ELBIT SYS LTD 0.4%

Value ($000) $20,526 Shares 35,530 Est. Cost $467.26 Unrealized +7.1%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.3%

Value ($000) $14,715 Shares 218,360 Est. Cost $71.40 Unrealized -9.8%

MRNA MODERNA INC 0.2%

Value ($000) $9,574 Shares 324,665 Est. Cost $111.10 Unrealized -75.5%

PM PHILIP MORRIS INTL INC 1.0%

Value ($000) $48,329 Shares 301,300 Est. Cost $167.19 Unrealized -8.1%

IVE ISHARES TR 0.3%

Value ($000) $13,349 Shares 62,947 Est. Cost $111.39 Unrealized —

IBB ISHARES TR 0.1%

Value ($000) $2,748 Shares 16,280 Est. Cost $136.93 Unrealized —

IVV ISHARES TR 0.3%

Value ($000) $17,171 Shares 25,070 Est. Cost $364.09 Unrealized —

RIO RIO TINTO PLC 0.0%

Value ($000) $1,691 Shares 21,135 Est. Cost $66.95 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $1,286 Shares 2,215 Est. Cost $641.84 Unrealized -2.6%

BA BOEING CO 0.7%

Value ($000) $33,973 Shares 156,470 Est. Cost $197.42 Unrealized +4.2%

BRO BROWN & BROWN INC 0.0%

Value ($000) $709 Shares 8,890 Est. Cost $106.04 Unrealized -21.4%

CARR CARRIER GLOBAL CORPORATION 0.0%

Value ($000) $893 Shares 16,898 Est. Cost $67.32 Unrealized -17.5%

RTX RTX CORPORATION 0.0%

Value ($000) $1,203 Shares 6,558 Est. Cost $84.20 Unrealized +105.8%

SNOW SNOWFLAKE INC 0.1%

Value ($000) $3,543 Shares 16,150 Est. Cost $280.00 Unrealized -12.8%

PSLV SPROTT ASSET MANAGEMENT LP 0.0%

Value ($000) $271 Shares 11,449 Est. Cost $11.60 Unrealized —

RPRX ROYALTY PHARMA PLC 0.0%

Value ($000) $966 Shares 25,000 Est. Cost $38.86 Unrealized -1.9%

BRK/A BERKSHIRE HATHAWAY INC DEL 1.3%

Value ($000) $67,177 Shares 89 Est. Cost $319708.70 Unrealized +133.5%

DB DEUTSCHE BANK A G 0.0%

Value ($000) $428 Shares 11,000 Est. Cost $26.53 Unrealized +36.0%

RL RALPH LAUREN CORP 0.0%

Value ($000) $290 Shares 820 Est. Cost $245.36 Unrealized +38.6%

APO APOLLO GLOBAL MGMT INC 0.0%

Value ($000) $362 Shares 2,500 Est. Cost $81.05 Unrealized +63.6%

VOD VODAFONE GROUP PLC NEW 0.0%

Value ($000) $217 Shares 16,420 Est. Cost $15.08 Unrealized —

SOPH SOPHIA GENETICS SA 0.0%

Value ($000) $1,192 Shares 255,200 Est. Cost $10.26 Unrealized -55.8%

PRU PRUDENTIAL FINL INC 0.0%

Value ($000) $226 Shares 2,000 Est. Cost $86.63 Unrealized +23.0%

CG CARLYLE GROUP INC 0.0%

Value ($000) $251 Shares 4,250 Est. Cost $42.13 Unrealized +33.6%

BDX BECTON DICKINSON & CO 0.0%

Value ($000) $388 Shares 2,000 Est. Cost $193.31 Unrealized -1.9%

AON AON PLC 0.0%

Value ($000) $1,177 Shares 3,335 Est. Cost $288.23 Unrealized +21.1%

MDT MEDTRONIC PLC 0.0%

Value ($000) $973 Shares 10,131 Est. Cost $87.45 Unrealized +11.1%

LQD ISHARES TR 0.0%

Value ($000) $235 Shares 2,129 Est. Cost $107.13 Unrealized —

EWJ ISHARES INC 0.0%

Value ($000) $278 Shares 3,440 Est. Cost $64.80 Unrealized —

BP BP PLC 0.0%

Value ($000) $85 Shares 2,450 Est. Cost $31.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC	191,323	$108,358	2.2%	$281.18	+89.3%	COM NEW	46120E602
PSKY	PARAMOUNT SKYDANCE CORP	2,536,078	$33,983	0.7%	$14.51	+7.3%	COM CL B	69932A204
CTAS	CINTAS CORP	514,336	$96,731	1.9%	$160.40	+17.3%	COM	172908105
COST	COSTCO WHSL CORP NEW	117,254	$101,113	2.0%	$487.47	+85.8%	COM	22160K105
AUR	AURORA INNOVATION INC	3,400,000	$13,056	0.3%	$5.87	-21.9%	CLASS A COM	051774107
IDXX	IDEXX LABS INC	89,000	$60,211	1.2%	$265.04	+156.9%	COM	45168D104
NG	NOVAGOLD RES INC	5,676,000	$53,002	1.1%	$3.72	+149.1%	COM NEW	66987E206
SPGI	S&P GLOBAL INC	74,709	$39,042	0.8%	$426.31	+15.9%	COM	78409V104
ESLT	ELBIT SYS LTD	35,530	$20,526	0.4%	$467.26	+7.1%	ORD	M3760D101
IFF	INTERNATIONAL FLAVORS&FRAGRA	218,360	$14,715	0.3%	$71.40	-9.8%	COM	459506101
MRNA	MODERNA INC	324,665	$9,574	0.2%	$111.10	-75.5%	COM	60770K107
PM	PHILIP MORRIS INTL INC	301,300	$48,329	1.0%	$167.19	-8.1%	COM	718172109
IVE	ISHARES TR	62,947	$13,349	0.3%	$111.39	—	S&P 500 VAL ETF	464287408
IBB	ISHARES TR	16,280	$2,748	0.1%	$136.93	—	ISHARES BIOTECH	464287556
IVV	ISHARES TR	25,070	$17,171	0.3%	$364.09	—	CORE S&P500 ETF	464287200
RIO	RIO TINTO PLC	21,135	$1,691	0.0%	$66.95	—	SPONSORED ADR	767204100
SPOT	SPOTIFY TECHNOLOGY S A	2,215	$1,286	0.0%	$641.84	-2.6%	SHS	L8681T102
BA	BOEING CO	156,470	$33,973	0.7%	$197.42	+4.2%	COM	097023105
BRO	BROWN & BROWN INC	8,890	$709	0.0%	$106.04	-21.4%	COM	115236101
CARR	CARRIER GLOBAL CORPORATION	16,898	$893	0.0%	$67.32	-17.5%	COM	14448C104
RTX	RTX CORPORATION	6,558	$1,203	0.0%	$84.20	+105.8%	COM	75513E101
SNOW	SNOWFLAKE INC	16,150	$3,543	0.1%	$280.00	-12.8%	COM SHS	833445109
PSLV	SPROTT ASSET MANAGEMENT LP	11,449	$271	0.0%	$11.60	—	PHYSICAL SILVER	85207K107
RPRX	ROYALTY PHARMA PLC	25,000	$966	0.0%	$38.86	-1.9%	SHS CLASS A	G7709Q104
BRK/A	BERKSHIRE HATHAWAY INC DEL	89	$67,177	1.3%	$319708.70	+133.5%	CL A	084670108
DB	DEUTSCHE BANK A G	11,000	$428	0.0%	$26.53	+36.0%	PUT	D18190898
RL	RALPH LAUREN CORP	820	$290	0.0%	$245.36	+38.6%	CL A	751212101
APO	APOLLO GLOBAL MGMT INC	2,500	$362	0.0%	$81.05	+63.6%	COM	03769M106
VOD	VODAFONE GROUP PLC NEW	16,420	$217	0.0%	$15.08	—	SPONSORED ADR	92857W308
SOPH	SOPHIA GENETICS SA	255,200	$1,192	0.0%	$10.26	-55.8%	ORDINARY SHARES	H82027105
PRU	PRUDENTIAL FINL INC	2,000	$226	0.0%	$86.63	+23.0%	COM	744320102
CG	CARLYLE GROUP INC	4,250	$251	0.0%	$42.13	+33.6%	COM	14316J108
BDX	BECTON DICKINSON & CO	2,000	$388	0.0%	$193.31	-1.9%	COM	075887109
AON	AON PLC	3,335	$1,177	0.0%	$288.23	+21.1%	SHS CL A	G0403H108
MDT	MEDTRONIC PLC	10,131	$973	0.0%	$87.45	+11.1%	SHS	G5960L103
LQD	ISHARES TR	2,129	$235	0.0%	$107.13	—	IBOXX INV CP ETF	464287242
EWJ	ISHARES INC	3,440	$278	0.0%	$64.80	—	MSCI JAPAN ETF	46434G822
BP	BP PLC	2,450	$85	0.0%	$31.39	—	SPONSORED ADR	055622104