FIRST INTERSTATE BANK Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTIP	VANGUARD MALVERN FDS	1,376,014	$68,058	3.7%	$49.46	—	STRM INFPROIDX	922020805
CGHM	CAPITAL GRP FIXED INCM ETF T	160,990	$4,102	0.2%	$25.48	—	MUNICIPAL HIGH I	14020Y805
IHI	ISHARES TR	31,562	$1,962	0.1%	$62.15	—	U.S. MED DVC ETF	464288810
COHR	COHERENT CORP	1,500	$277	0.0%	$149.58	0.0%	COM	19247G107
LLY	ELI LILLY & CO	230	$247	0.0%	$955.55	0.0%	COM	532457108
ROK	ROCKWELL AUTOMATION INC	550	$214	0.0%	$375.21	0.0%	COM	773903109
BKLN	INVESCO EXCH TRADED FD TR II	9,908	$208	0.0%	$21.00	—	SR LN ETF	46138G508
OEF	ISHARES TR	588	$202	0.0%	$342.97	—	S&P 100 ETF	464287101
TRV	TRAVELERS COMPANIES INC	691	$200	0.0%	$280.61	0.0%	COM	89417E109

Increased Positions (24)

GUNR FLEXSHARES TR 3.7%

Value ($000) $68,171 (+6.7%) Shares 1,486,823 (+1.9%) Est. Cost $38.47 Unrealized —

VMBS VANGUARD SCOTTSDALE FDS 3.4%

Value ($000) $62,850 (+5.5%) Shares 1,334,964 (+5.2%) Est. Cost $45.88 Unrealized —

VGIT VANGUARD SCOTTSDALE FDS 5.6%

Value ($000) $103,677 (+2.9%) Shares 1,729,964 (+3.1%) Est. Cost $42.15 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 7.8%

Value ($000) $144,890 (+2.0%) Shares 756,370 (+1.1%) Est. Cost $175.73 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 8.2%

Value ($000) $152,219 (+1.7%) Shares 1,817,545 (+2.2%) Est. Cost $73.00 Unrealized —

IJH ISHARES TR 5.4%

Value ($000) $100,159 (+2.4%) Shares 1,517,564 (+1.3%) Est. Cost $84.61 Unrealized —

PFFD GLOBAL X FDS 0.2%

Value ($000) $3,377 (+46.0%) Shares 178,592 (+50.1%) Est. Cost $18.86 Unrealized —

PAVE GLOBAL X FDS 3.1%

Value ($000) $57,966 (+1.6%) Shares 1,212,934 (+1.3%) Est. Cost $40.02 Unrealized —

PFF ISHARES TR 4.8%

Value ($000) $89,979 (-0.9%) Shares 2,906,297 (+1.2%) Est. Cost $31.10 Unrealized —

EFA ISHARES TR 0.1%

Value ($000) $2,667 (+26.6%) Shares 27,775 (+23.1%) Est. Cost $66.51 Unrealized —

IEF ISHARES TR 0.3%

Value ($000) $6,332 (+8.3%) Shares 65,845 (+8.6%) Est. Cost $95.86 Unrealized —

BX BLACKSTONE INC 0.3%

Value ($000) $5,491 (-7.7%) Shares 35,623 (+2.3%) Est. Cost $84.20 Unrealized +79.9%

XLU SELECT SECTOR SPDR TR 0.4%

Value ($000) $7,666 (-4.1%) Shares 179,578 (+95.9%) Est. Cost $53.98 Unrealized —

XLK SELECT SECTOR SPDR TR 2.0%

Value ($000) $36,723 (+0.9%) Shares 255,073 (+97.5%) Est. Cost $113.62 Unrealized —

HYMB SPDR SERIES TRUST 0.0%

Value ($000) $917 (+50.5%) Shares 36,770 (+50.5%) Est. Cost $25.40 Unrealized —

CL COLGATE PALMOLIVE CO 0.0%

Value ($000) $539 (+101.7%) Shares 6,816 (+104.0%) Est. Cost $82.09 Unrealized -4.6%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $964 (-7.4%) Shares 3,748 (+5.6%) Est. Cost $218.04 Unrealized +21.5%

BSV VANGUARD BD INDEX FDS 0.1%

Value ($000) $1,827 (+3.9%) Shares 23,186 (+4.0%) Est. Cost $76.98 Unrealized —

XLB SELECT SECTOR SPDR TR 0.3%

Value ($000) $6,273 (+0.7%) Shares 138,330 (+99.1%) Est. Cost $57.22 Unrealized —

PYPL PAYPAL HLDGS INC 0.0%

Value ($000) $210 (-11.2%) Shares 3,602 (+2.0%) Est. Cost $65.48 Unrealized -1.0%

AGG ISHARES TR 0.2%

Value ($000) $2,867 (+0.7%) Shares 28,708 (+1.1%) Est. Cost $96.60 Unrealized —

KMI KINDER MORGAN INC DEL 0.0%

Value ($000) $231 (+8.8%) Shares 8,400 (+12.0%) Est. Cost $20.61 Unrealized +30.5%

XLY SELECT SECTOR SPDR TR 0.4%

Value ($000) $6,651 (-0.3%) Shares 55,702 (+100.1%) Est. Cost $128.11 Unrealized —

XLE SELECT SECTOR SPDR TR 0.7%

Value ($000) $12,719 (+0.1%) Shares 284,470 (+100.1%) Est. Cost $46.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GUNR	FLEXSHARES TR	1,486,823 (+1.9%)	$68,171 (+6.7%)	3.7%	$38.47	—	MORNSTAR UPSTR	33939L407
VMBS	VANGUARD SCOTTSDALE FDS	1,334,964 (+5.2%)	$62,850 (+5.5%)	3.4%	$45.88	—	MTG-BKD SECS ETF	92206C771
VGIT	VANGUARD SCOTTSDALE FDS	1,729,964 (+3.1%)	$103,677 (+2.9%)	5.6%	$42.15	—	INTER TERM TREAS	92206C706
RSP	INVESCO EXCHANGE TRADED FD T	756,370 (+1.1%)	$144,890 (+2.0%)	7.8%	$175.73	—	S&P500 EQL WGT	46137V357
VCIT	VANGUARD SCOTTSDALE FDS	1,817,545 (+2.2%)	$152,219 (+1.7%)	8.2%	$73.00	—	INT-TERM CORP	92206C870
IJH	ISHARES TR	1,517,564 (+1.3%)	$100,159 (+2.4%)	5.4%	$84.61	—	CORE S&P MCP ETF	464287507
PFFD	GLOBAL X FDS	178,592 (+50.1%)	$3,377 (+46.0%)	0.2%	$18.86	—	US PFD ETF	37954Y657
PAVE	GLOBAL X FDS	1,212,934 (+1.3%)	$57,966 (+1.6%)	3.1%	$40.02	—	US INFR DEV ETF	37954Y673
PFF	ISHARES TR	2,906,297 (+1.2%)	$89,979 (-0.9%)	4.8%	$31.10	—	PFD AND INCM SEC	464288687
EFA	ISHARES TR	27,775 (+23.1%)	$2,667 (+26.6%)	0.1%	$66.51	—	MSCI EAFE ETF	464287465
IEF	ISHARES TR	65,845 (+8.6%)	$6,332 (+8.3%)	0.3%	$95.86	—	7-10 YR TRSY BD	464287440
BX	BLACKSTONE INC	35,623 (+2.3%)	$5,491 (-7.7%)	0.3%	$84.20	+79.9%	COM	09260D107
XLU	SELECT SECTOR SPDR TR	179,578 (+95.9%)	$7,666 (-4.1%)	0.4%	$53.98	—	SBI INT-UTILS	81369Y886
XLK	SELECT SECTOR SPDR TR	255,073 (+97.5%)	$36,723 (+0.9%)	2.0%	$113.62	—	TECHNOLOGY	81369Y803
HYMB	SPDR SERIES TRUST	36,770 (+50.5%)	$917 (+50.5%)	0.0%	$25.40	—	NUVEEN ICE HIGH	78464A284
CL	COLGATE PALMOLIVE CO	6,816 (+104.0%)	$539 (+101.7%)	0.0%	$82.09	-4.6%	COM	194162103
ADP	AUTOMATIC DATA PROCESSING IN	3,748 (+5.6%)	$964 (-7.4%)	0.1%	$218.04	+21.5%	COM	053015103
BSV	VANGUARD BD INDEX FDS	23,186 (+4.0%)	$1,827 (+3.9%)	0.1%	$76.98	—	SHORT TRM BOND	921937827
XLB	SELECT SECTOR SPDR TR	138,330 (+99.1%)	$6,273 (+0.7%)	0.3%	$57.22	—	SBI MATERIALS	81369Y100
PYPL	PAYPAL HLDGS INC	3,602 (+2.0%)	$210 (-11.2%)	0.0%	$65.48	-1.0%	COM	70450Y103
AGG	ISHARES TR	28,708 (+1.1%)	$2,867 (+0.7%)	0.2%	$96.60	—	CORE US AGGBD ET	464287226
KMI	KINDER MORGAN INC DEL	8,400 (+12.0%)	$231 (+8.8%)	0.0%	$20.61	+30.5%	COM	49456B101
XLY	SELECT SECTOR SPDR TR	55,702 (+100.1%)	$6,651 (-0.3%)	0.4%	$128.11	—	SBI CONS DISCR	81369Y407
XLE	SELECT SECTOR SPDR TR	284,470 (+100.1%)	$12,719 (+0.1%)	0.7%	$46.53	—	ENERGY	81369Y506

Exited Positions (11)

— ISHARES TR 0.0%

Value ($000) $762 Shares 30,258 Est. Cost $24.60 Unrealized —

SCHO SCHWAB STRATEGIC TR 0.0%

Value ($000) $577 Shares 23,658 Est. Cost $36.06 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.0%

Value ($000) $469 Shares 15,000 Est. Cost $31.27 Unrealized —

— TOTALENERGIES SE 0.0%

Value ($000) $418 Shares 7,000 Est. Cost $59.69 Unrealized —

BP BP PLC 0.0%

Value ($000) $362 Shares 10,500 Est. Cost $34.46 Unrealized —

CHD CHURCH & DWIGHT CO INC 0.0%

Value ($000) $326 Shares 3,722 Est. Cost $89.01 Unrealized -4.2%

ETN EATON CORP PLC 0.0%

Value ($000) $225 Shares 600 Est. Cost $363.27 Unrealized -2.4%

AXON AXON ENTERPRISE INC 0.0%

Value ($000) $219 Shares 305 Est. Cost $680.44 Unrealized -8.8%

VLO VALERO ENERGY CORP 0.0%

Value ($000) $211 Shares 1,239 Est. Cost $147.81 Unrealized +14.2%

DHI D R HORTON INC 0.0%

Value ($000) $203 Shares 1,200 Est. Cost $156.63 Unrealized -2.9%

UAA UNDER ARMOUR INC 0.0%

Value ($000) $52 Shares 10,350 Est. Cost $7.96 Unrealized -41.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR	30,258	$762	0.0%	$24.60	—	—	46434VBD1
SCHO	SCHWAB STRATEGIC TR	23,658	$577	0.0%	$36.06	—	—	808524862
EPD	ENTERPRISE PRODS PARTNERS L	15,000	$469	0.0%	$31.27	—	—	293792107
—	TOTALENERGIES SE	7,000	$418	0.0%	$59.69	—	—	89151E109
BP	BP PLC	10,500	$362	0.0%	$34.46	—	—	055622104
CHD	CHURCH & DWIGHT CO INC	3,722	$326	0.0%	$89.01	-4.2%	—	171340102
ETN	EATON CORP PLC	600	$225	0.0%	$363.27	-2.4%	—	G29183103
AXON	AXON ENTERPRISE INC	305	$219	0.0%	$680.44	-8.8%	—	05464C101
VLO	VALERO ENERGY CORP	1,239	$211	0.0%	$147.81	+14.2%	—	91913Y100
DHI	D R HORTON INC	1,200	$203	0.0%	$156.63	-2.9%	—	23331A109
UAA	UNDER ARMOUR INC	10,350	$52	0.0%	$7.96	-41.8%	—	904311107

Decreased Positions (77)

IBDX ISHARES TR 0.1%

Value ($000) $1,964 (-96.2%) Shares 76,938 (-96.2%) Est. Cost $24.88 Unrealized —

GOOGL ALPHABET INC 1.0%

Value ($000) $18,516 (+23.7%) Shares 59,157 (-3.9%) Est. Cost $107.14 Unrealized +166.6%

MPC MARATHON PETE CORP 0.1%

Value ($000) $1,752 (-65.3%) Shares 10,775 (-58.9%) Est. Cost $174.47 Unrealized +6.8%

BMY BRISTOL-MYERS SQUIBB CO 0.0%

Value ($000) $455 (-83.4%) Shares 8,437 (-86.1%) Est. Cost $36.13 Unrealized +31.6%

MSFT MICROSOFT CORP 1.1%

Value ($000) $20,116 (-9.1%) Shares 41,594 (-2.6%) Est. Cost $103.47 Unrealized +383.8%

XLV SELECT SECTOR SPDR TR 1.0%

Value ($000) $18,113 (+8.8%) Shares 117,006 (-2.2%) Est. Cost $92.70 Unrealized —

PANW PALO ALTO NETWORKS INC 0.5%

Value ($000) $8,863 (-12.9%) Shares 48,116 (-3.7%) Est. Cost $138.07 Unrealized +46.1%

CSCO CISCO SYS INC 0.6%

Value ($000) $10,507 (+9.1%) Shares 136,404 (-3.1%) Est. Cost $33.07 Unrealized +123.1%

FISV FISERV INC 0.0%

Value ($000) $221 (-79.3%) Shares 3,296 (-60.3%) Est. Cost $98.05 Unrealized -14.5%

PFE PFIZER INC 0.2%

Value ($000) $3,427 (-18.7%) Shares 137,611 (-16.8%) Est. Cost $25.71 Unrealized -2.6%

BDX BECTON DICKINSON & CO 0.0%

Value ($000) $245 (-75.1%) Shares 1,260 (-75.9%) Est. Cost $196.23 Unrealized -3.4%

IBB ISHARES TR 0.3%

Value ($000) $5,842 (+14.4%) Shares 34,617 (-2.2%) Est. Cost $129.87 Unrealized —

T AT&T INC 0.0%

Value ($000) $768 (-47.3%) Shares 30,906 (-40.0%) Est. Cost $21.25 Unrealized +19.0%

ABT ABBOTT LABS 0.3%

Value ($000) $5,530 (-10.2%) Shares 44,140 (-4.0%) Est. Cost $104.41 Unrealized +21.9%

COST COSTCO WHSL CORP NEW 0.3%

Value ($000) $5,728 (-9.8%) Shares 6,642 (-3.2%) Est. Cost $413.55 Unrealized +119.0%

MDLZ MONDELEZ INTL INC 0.2%

Value ($000) $3,382 (-15.1%) Shares 62,835 (-1.4%) Est. Cost $34.08 Unrealized +67.4%

HD HOME DEPOT INC 0.2%

Value ($000) $3,093 (-16.2%) Shares 8,990 (-1.4%) Est. Cost $276.17 Unrealized +32.0%

META META PLATFORMS INC 0.3%

Value ($000) $4,763 (-11.1%) Shares 7,215 (-1.1%) Est. Cost $455.77 Unrealized +46.4%

SOXX ISHARES TR 0.4%

Value ($000) $7,453 (+8.3%) Shares 24,749 (-2.5%) Est. Cost $244.35 Unrealized —

AMZN AMAZON COM INC 0.9%

Value ($000) $15,992 (+3.7%) Shares 69,283 (-1.4%) Est. Cost $115.72 Unrealized +97.7%

XSD SPDR SERIES TRUST 0.5%

Value ($000) $8,638 (-6.0%) Shares 26,861 (-6.7%) Est. Cost $193.81 Unrealized —

C CITIGROUP INC 0.3%

Value ($000) $5,345 (+11.3%) Shares 45,807 (-3.2%) Est. Cost $60.39 Unrealized +71.6%

AXP AMERICAN EXPRESS CO 0.4%

Value ($000) $8,020 (+6.9%) Shares 21,678 (-4.0%) Est. Cost $82.12 Unrealized +334.7%

HON HONEYWELL INTL INC 0.3%

Value ($000) $4,922 (-9.2%) Shares 25,227 (-2.0%) Est. Cost $166.80 Unrealized +16.9%

XLC SELECT SECTOR SPDR TR 0.9%

Value ($000) $16,951 (-2.5%) Shares 143,998 (-2.0%) Est. Cost $61.87 Unrealized —

XLRE SELECT SECTOR SPDR TR 0.4%

Value ($000) $6,902 (-5.8%) Shares 171,055 (-1.7%) Est. Cost $36.65 Unrealized —

PSX PHILLIPS 66 0.1%

Value ($000) $1,491 (-21.3%) Shares 11,557 (-17.1%) Est. Cost $121.95 Unrealized +9.9%

GOOG ALPHABET INC 0.1%

Value ($000) $2,163 (+22.4%) Shares 6,892 (-5.0%) Est. Cost $110.66 Unrealized +158.7%

LOW LOWES COS INC 0.3%

Value ($000) $5,285 (-6.5%) Shares 21,916 (-2.5%) Est. Cost $72.67 Unrealized +230.0%

XLI SELECT SECTOR SPDR TR 0.8%

Value ($000) $14,615 (-2.2%) Shares 94,215 (-2.8%) Est. Cost $101.66 Unrealized —

COP CONOCOPHILLIPS 0.0%

Value ($000) $465 (-40.7%) Shares 4,970 (-40.1%) Est. Cost $93.28 Unrealized -3.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value ($000) $11,444 (-2.7%) Shares 22,767 (-2.7%) Est. Cost $219.83 Unrealized +126.3%

MRK MERCK & CO INC 0.1%

Value ($000) $1,810 (+20.6%) Shares 17,199 (-3.8%) Est. Cost $75.36 Unrealized +23.7%

UNP UNION PAC CORP 0.2%

Value ($000) $4,352 (-6.2%) Shares 18,815 (-4.2%) Est. Cost $114.59 Unrealized +98.4%

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $3,531 (-7.1%) Shares 10,697 (-2.9%) Est. Cost $161.57 Unrealized +108.7%

GSEW GOLDMAN SACHS ETF TR 0.3%

Value ($000) $5,252 (-4.5%) Shares 61,696 (-4.6%) Est. Cost $81.54 Unrealized —

NKE NIKE INC 0.0%

Value ($000) $265 (-44.0%) Shares 4,158 (-38.7%) Est. Cost $54.65 Unrealized +18.8%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $1,551 (+12.0%) Shares 2,677 (-6.2%) Est. Cost $475.06 Unrealized +19.0%

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $3,732 (-4.1%) Shares 5,951 (-6.4%) Est. Cost $420.85 Unrealized —

ABBV ABBVIE INC 0.1%

Value ($000) $1,680 (-8.7%) Shares 7,351 (-7.5%) Est. Cost $127.55 Unrealized +78.4%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $1,963 (+8.8%) Shares 9,485 (-2.5%) Est. Cost $143.39 Unrealized +37.4%

AMGN AMGEN INC 0.0%

Value ($000) $482 (-24.4%) Shares 1,473 (-34.8%) Est. Cost $219.28 Unrealized +44.1%

SYK STRYKER CORPORATION 0.0%

Value ($000) $653 (-18.8%) Shares 1,857 (-14.6%) Est. Cost $219.83 Unrealized +65.3%

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $6,127 (-2.4%) Shares 32,854 (-2.3%) Est. Cost $107.00 Unrealized +74.0%

QQQ INVESCO QQQ TR 0.0%

Value ($000) $512 (-22.1%) Shares 834 (-23.8%) Est. Cost $470.93 Unrealized —

DIS DISNEY WALT CO 0.3%

Value ($000) $6,130 (-2.2%) Shares 53,877 (-1.5%) Est. Cost $87.72 Unrealized +24.9%

MCD MCDONALDS CORP 0.4%

Value ($000) $7,055 (-1.8%) Shares 23,082 (-2.4%) Est. Cost $202.16 Unrealized +50.9%

AAPL APPLE INC 1.1%

Value ($000) $21,166 (+0.6%) Shares 77,855 (-5.8%) Est. Cost $92.13 Unrealized +191.3%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $1,062 (-9.8%) Shares 7,412 (-3.3%) Est. Cost $131.77 Unrealized +11.7%

ITOT ISHARES TR 0.1%

Value ($000) $1,966 (-5.0%) Shares 13,224 (-6.9%) Est. Cost $135.04 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value ($000) $2,064 (+5.0%) Shares 17,151 (-1.6%) Est. Cost $87.27 Unrealized +32.3%

WMT WALMART INC 0.5%

Value ($000) $9,606 (+0.8%) Shares 86,221 (-6.7%) Est. Cost $44.40 Unrealized +141.5%

DHR DANAHER CORPORATION 0.0%

Value ($000) $746 (+9.8%) Shares 3,259 (-4.9%) Est. Cost $228.90 Unrealized -4.1%

EMR EMERSON ELEC CO 0.2%

Value ($000) $3,008 (-2.1%) Shares 22,663 (-3.2%) Est. Cost $50.03 Unrealized +164.6%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $589 (+12.0%) Shares 2,429 (-1.7%) Est. Cost $185.05 Unrealized +20.1%

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $1,007 (-5.8%) Shares 1,146 (-14.7%) Est. Cost $241.66 Unrealized +236.6%

KRE SPDR SERIES TRUST 0.3%

Value ($000) $4,725 (-1.2%) Shares 72,909 (-3.5%) Est. Cost $60.35 Unrealized —

TLT ISHARES TR 0.0%

Value ($000) $536 (-9.4%) Shares 6,152 (-7.1%) Est. Cost $9.94 Unrealized —

IWM ISHARES TR 0.0%

Value ($000) $234 (-18.4%) Shares 950 (-19.8%) Est. Cost $165.15 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $996 (-4.3%) Shares 18,524 (-3.6%) Est. Cost $5.41 Unrealized —

EEM ISHARES TR 0.1%

Value ($000) $2,274 (-1.9%) Shares 41,567 (-4.3%) Est. Cost $34.37 Unrealized —

VNQ VANGUARD INDEX FDS 0.0%

Value ($000) $383 (-9.5%) Shares 4,330 (-6.5%) Est. Cost $86.17 Unrealized —

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $10,024 (+0.4%) Shares 31,110 (-1.7%) Est. Cost $75.21 Unrealized +311.6%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $292 (-9.1%) Shares 7,172 (-2.0%) Est. Cost $42.49 Unrealized -4.7%

KO COCA COLA CO 0.1%

Value ($000) $1,142 (-2.4%) Shares 16,330 (-7.5%) Est. Cost $64.14 Unrealized +8.2%

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $422 (-5.7%) Shares 2,607 (-1.9%) Est. Cost $95.88 Unrealized +62.9%

MA MASTERCARD INCORPORATED 0.0%

Value ($000) $810 (-2.9%) Shares 1,419 (-3.3%) Est. Cost $335.19 Unrealized +66.8%

RTX RTX CORPORATION 0.0%

Value ($000) $501 (-4.2%) Shares 2,731 (-12.6%) Est. Cost $90.17 Unrealized +92.2%

BMI BADGER METER INC 0.0%

Value ($000) $444 (-4.7%) Shares 2,543 (-2.4%) Est. Cost $186.82 Unrealized -3.8%

WMB WILLIAMS COS INC 0.0%

Value ($000) $273 (-6.6%) Shares 4,536 (-1.6%) Est. Cost $42.09 Unrealized +42.7%

IEUR ISHARES TR 0.0%

Value ($000) $403 (-3.5%) Shares 5,677 (-7.4%) Est. Cost $54.84 Unrealized —

AME AMETEK INC 0.0%

Value ($000) $231 (+6.3%) Shares 1,126 (-2.7%) Est. Cost $180.55 Unrealized +7.6%

IAU ISHARES GOLD TR 0.0%

Value ($000) $233 (+5.6%) Shares 2,865 (-5.4%) Est. Cost $72.77 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.0%

Value ($000) $561 (+1.6%) Shares 8,973 (-2.5%) Est. Cost $40.37 Unrealized —

VB VANGUARD INDEX FDS 0.1%

Value ($000) $1,212 (-0.4%) Shares 4,697 (-1.9%) Est. Cost $218.18 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $1,206 (+0.2%) Shares 8,403 (-2.0%) Est. Cost $92.32 Unrealized +58.0%

SCHW SCHWAB CHARLES CORP 0.0%

Value ($000) $336 (-0.3%) Shares 3,364 (-4.7%) Est. Cost $54.83 Unrealized +72.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBDX	ISHARES TR	76,938 (-96.2%)	$1,964 (-96.2%)	0.1%	$24.88	—	IBONDS DEC 2032	46436E312
GOOGL	ALPHABET INC	59,157 (-3.9%)	$18,516 (+23.7%)	1.0%	$107.14	+166.6%	CAP STK CL A	02079K305
MPC	MARATHON PETE CORP	10,775 (-58.9%)	$1,752 (-65.3%)	0.1%	$174.47	+6.8%	COM	56585A102
BMY	BRISTOL-MYERS SQUIBB CO	8,437 (-86.1%)	$455 (-83.4%)	0.0%	$36.13	+31.6%	COM	110122108
MSFT	MICROSOFT CORP	41,594 (-2.6%)	$20,116 (-9.1%)	1.1%	$103.47	+383.8%	COM	594918104
XLV	SELECT SECTOR SPDR TR	117,006 (-2.2%)	$18,113 (+8.8%)	1.0%	$92.70	—	SBI HEALTHCARE	81369Y209
PANW	PALO ALTO NETWORKS INC	48,116 (-3.7%)	$8,863 (-12.9%)	0.5%	$138.07	+46.1%	COM	697435105
CSCO	CISCO SYS INC	136,404 (-3.1%)	$10,507 (+9.1%)	0.6%	$33.07	+123.1%	COM	17275R102
FISV	FISERV INC	3,296 (-60.3%)	$221 (-79.3%)	0.0%	$98.05	-14.5%	COM	337738108
PFE	PFIZER INC	137,611 (-16.8%)	$3,427 (-18.7%)	0.2%	$25.71	-2.6%	COM	717081103
BDX	BECTON DICKINSON & CO	1,260 (-75.9%)	$245 (-75.1%)	0.0%	$196.23	-3.4%	COM	075887109
IBB	ISHARES TR	34,617 (-2.2%)	$5,842 (+14.4%)	0.3%	$129.87	—	ISHARES BIOTECH	464287556
T	AT&T INC	30,906 (-40.0%)	$768 (-47.3%)	0.0%	$21.25	+19.0%	COM	00206R102
ABT	ABBOTT LABS	44,140 (-4.0%)	$5,530 (-10.2%)	0.3%	$104.41	+21.9%	COM	002824100
COST	COSTCO WHSL CORP NEW	6,642 (-3.2%)	$5,728 (-9.8%)	0.3%	$413.55	+119.0%	COM	22160K105
MDLZ	MONDELEZ INTL INC	62,835 (-1.4%)	$3,382 (-15.1%)	0.2%	$34.08	+67.4%	CL A	609207105
HD	HOME DEPOT INC	8,990 (-1.4%)	$3,093 (-16.2%)	0.2%	$276.17	+32.0%	COM	437076102
META	META PLATFORMS INC	7,215 (-1.1%)	$4,763 (-11.1%)	0.3%	$455.77	+46.4%	CL A	30303M102
SOXX	ISHARES TR	24,749 (-2.5%)	$7,453 (+8.3%)	0.4%	$244.35	—	ISHARES SEMICDTR	464287523
AMZN	AMAZON COM INC	69,283 (-1.4%)	$15,992 (+3.7%)	0.9%	$115.72	+97.7%	COM	023135106
XSD	SPDR SERIES TRUST	26,861 (-6.7%)	$8,638 (-6.0%)	0.5%	$193.81	—	S&P SEMICNDCTR	78464A862
C	CITIGROUP INC	45,807 (-3.2%)	$5,345 (+11.3%)	0.3%	$60.39	+71.6%	COM NEW	172967424
AXP	AMERICAN EXPRESS CO	21,678 (-4.0%)	$8,020 (+6.9%)	0.4%	$82.12	+334.7%	COM	025816109
HON	HONEYWELL INTL INC	25,227 (-2.0%)	$4,922 (-9.2%)	0.3%	$166.80	+16.9%	COM	438516106
XLC	SELECT SECTOR SPDR TR	143,998 (-2.0%)	$16,951 (-2.5%)	0.9%	$61.87	—	COMMUNICATION	81369Y852
XLRE	SELECT SECTOR SPDR TR	171,055 (-1.7%)	$6,902 (-5.8%)	0.4%	$36.65	—	RL EST SEL SEC	81369Y860
PSX	PHILLIPS 66	11,557 (-17.1%)	$1,491 (-21.3%)	0.1%	$121.95	+9.9%	COM	718546104
GOOG	ALPHABET INC	6,892 (-5.0%)	$2,163 (+22.4%)	0.1%	$110.66	+158.7%	CAP STK CL C	02079K107
LOW	LOWES COS INC	21,916 (-2.5%)	$5,285 (-6.5%)	0.3%	$72.67	+230.0%	COM	548661107
XLI	SELECT SECTOR SPDR TR	94,215 (-2.8%)	$14,615 (-2.2%)	0.8%	$101.66	—	INDL	81369Y704
COP	CONOCOPHILLIPS	4,970 (-40.1%)	$465 (-40.7%)	0.0%	$93.28	-3.5%	COM	20825C104
BRK/B	BERKSHIRE HATHAWAY INC DEL	22,767 (-2.7%)	$11,444 (-2.7%)	0.6%	$219.83	+126.3%	CL B NEW	084670702
MRK	MERCK & CO INC	17,199 (-3.8%)	$1,810 (+20.6%)	0.1%	$75.36	+23.7%	COM	58933Y105
UNP	UNION PAC CORP	18,815 (-4.2%)	$4,352 (-6.2%)	0.2%	$114.59	+98.4%	COM	907818108
UNH	UNITEDHEALTH GROUP INC	10,697 (-2.9%)	$3,531 (-7.1%)	0.2%	$161.57	+108.7%	COM	91324P102
GSEW	GOLDMAN SACHS ETF TR	61,696 (-4.6%)	$5,252 (-4.5%)	0.3%	$81.54	—	EQUAL WEIGHT US	381430438
NKE	NIKE INC	4,158 (-38.7%)	$265 (-44.0%)	0.0%	$54.65	+18.8%	CL B	654106103
TMO	THERMO FISHER SCIENTIFIC INC	2,677 (-6.2%)	$1,551 (+12.0%)	0.1%	$475.06	+19.0%	COM	883556102
VOO	VANGUARD INDEX FDS	5,951 (-6.4%)	$3,732 (-4.1%)	0.2%	$420.85	—	S&P 500 ETF SHS	922908363
ABBV	ABBVIE INC	7,351 (-7.5%)	$1,680 (-8.7%)	0.1%	$127.55	+78.4%	COM	00287Y109
JNJ	JOHNSON & JOHNSON	9,485 (-2.5%)	$1,963 (+8.8%)	0.1%	$143.39	+37.4%	COM	478160104
AMGN	AMGEN INC	1,473 (-34.8%)	$482 (-24.4%)	0.0%	$219.28	+44.1%	COM	031162100
SYK	STRYKER CORPORATION	1,857 (-14.6%)	$653 (-18.8%)	0.0%	$219.83	+65.3%	COM	863667101
NVDA	NVIDIA CORPORATION	32,854 (-2.3%)	$6,127 (-2.4%)	0.3%	$107.00	+74.0%	COM	67066G104
QQQ	INVESCO QQQ TR	834 (-23.8%)	$512 (-22.1%)	0.0%	$470.93	—	UNIT SER 1	46090E103
DIS	DISNEY WALT CO	53,877 (-1.5%)	$6,130 (-2.2%)	0.3%	$87.72	+24.9%	COM	254687106
MCD	MCDONALDS CORP	23,082 (-2.4%)	$7,055 (-1.8%)	0.4%	$202.16	+50.9%	COM	580135101
AAPL	APPLE INC	77,855 (-5.8%)	$21,166 (+0.6%)	1.1%	$92.13	+191.3%	COM	037833100
PG	PROCTER AND GAMBLE CO	7,412 (-3.3%)	$1,062 (-9.8%)	0.1%	$131.77	+11.7%	COM	742718109
ITOT	ISHARES TR	13,224 (-6.9%)	$1,966 (-5.0%)	0.1%	$135.04	—	CORE S&P TTL STK	464287150
XOM	EXXON MOBIL CORP	17,151 (-1.6%)	$2,064 (+5.0%)	0.1%	$87.27	+32.3%	COM	30231G102
WMT	WALMART INC	86,221 (-6.7%)	$9,606 (+0.8%)	0.5%	$44.40	+141.5%	COM	931142103
DHR	DANAHER CORPORATION	3,259 (-4.9%)	$746 (+9.8%)	0.0%	$228.90	-4.1%	COM	235851102
EMR	EMERSON ELEC CO	22,663 (-3.2%)	$3,008 (-2.1%)	0.2%	$50.03	+164.6%	COM	291011104
COF	CAPITAL ONE FINL CORP	2,429 (-1.7%)	$589 (+12.0%)	0.0%	$185.05	+20.1%	COM	14040H105
GS	GOLDMAN SACHS GROUP INC	1,146 (-14.7%)	$1,007 (-5.8%)	0.1%	$241.66	+236.6%	COM	38141G104
KRE	SPDR SERIES TRUST	72,909 (-3.5%)	$4,725 (-1.2%)	0.3%	$60.35	—	S&P REGL BKG	78464A698
TLT	ISHARES TR	6,152 (-7.1%)	$536 (-9.4%)	0.0%	$9.94	—	20 YR TR BD ETF	464287432
IWM	ISHARES TR	950 (-19.8%)	$234 (-18.4%)	0.0%	$165.15	—	RUSSELL 2000 ETF	464287655
VWO	VANGUARD INTL EQUITY INDEX F	18,524 (-3.6%)	$996 (-4.3%)	0.1%	$5.41	—	FTSE EMR MKT ETF	922042858
EEM	ISHARES TR	41,567 (-4.3%)	$2,274 (-1.9%)	0.1%	$34.37	—	MSCI EMG MKT ETF	464287234
VNQ	VANGUARD INDEX FDS	4,330 (-6.5%)	$383 (-9.5%)	0.0%	$86.17	—	REAL ESTATE ETF	922908553
JPM	JPMORGAN CHASE & CO.	31,110 (-1.7%)	$10,024 (+0.4%)	0.5%	$75.21	+311.6%	COM	46625H100
VZ	VERIZON COMMUNICATIONS INC	7,172 (-2.0%)	$292 (-9.1%)	0.0%	$42.49	-4.7%	COM	92343V104
KO	COCA COLA CO	16,330 (-7.5%)	$1,142 (-2.4%)	0.1%	$64.14	+8.2%	COM	191216100
ICE	INTERCONTINENTAL EXCHANGE IN	2,607 (-1.9%)	$422 (-5.7%)	0.0%	$95.88	+62.9%	COM	45866F104
MA	MASTERCARD INCORPORATED	1,419 (-3.3%)	$810 (-2.9%)	0.0%	$335.19	+66.8%	CL A	57636Q104
RTX	RTX CORPORATION	2,731 (-12.6%)	$501 (-4.2%)	0.0%	$90.17	+92.2%	COM	75513E101
BMI	BADGER METER INC	2,543 (-2.4%)	$444 (-4.7%)	0.0%	$186.82	-3.8%	COM	056525108
WMB	WILLIAMS COS INC	4,536 (-1.6%)	$273 (-6.6%)	0.0%	$42.09	+42.7%	COM	969457100
IEUR	ISHARES TR	5,677 (-7.4%)	$403 (-3.5%)	0.0%	$54.84	—	CORE MSCI EURO	46434V738
AME	AMETEK INC	1,126 (-2.7%)	$231 (+6.3%)	0.0%	$180.55	+7.6%	COM	031100100
IAU	ISHARES GOLD TR	2,865 (-5.4%)	$233 (+5.6%)	0.0%	$72.77	—	ISHARES NEW	464285204
VEA	VANGUARD TAX-MANAGED FDS	8,973 (-2.5%)	$561 (+1.6%)	0.0%	$40.37	—	VAN FTSE DEV MKT	921943858
VB	VANGUARD INDEX FDS	4,697 (-1.9%)	$1,212 (-0.4%)	0.1%	$218.18	—	SMALL CP ETF	922908751
PEP	PEPSICO INC	8,403 (-2.0%)	$1,206 (+0.2%)	0.1%	$92.32	+58.0%	COM	713448108
SCHW	SCHWAB CHARLES CORP	3,364 (-4.7%)	$336 (-0.3%)	0.0%	$54.83	+72.8%	COM	808513105

Unchanged Positions (89)

FIBK FIRST INTST BANCSYSTEM INC 8.7%

Value ($000) $161,419 Shares 4,665,282 Est. Cost $28.23 Unrealized +13.8%

IVV ISHARES TR 7.4%

Value ($000) $138,821 Shares 202,676 Est. Cost $333.62 Unrealized —

HEFA ISHARES TR 3.2%

Value ($000) $58,979 Shares 1,426,001 Est. Cost $30.44 Unrealized —

IJR ISHARES TR 4.4%

Value ($000) $81,109 Shares 674,900 Est. Cost $97.10 Unrealized —

ORCL ORACLE CORP 0.1%

Value ($000) $2,374 Shares 12,178 Est. Cost $71.95 Unrealized +230.8%

CRM SALESFORCE INC 0.2%

Value ($000) $4,044 Shares 15,266 Est. Cost $219.77 Unrealized +12.9%

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $714 Shares 2,501 Est. Cost $73.62 Unrealized +211.5%

CAT CATERPILLAR INC 0.1%

Value ($000) $1,753 Shares 3,060 Est. Cost $384.24 Unrealized +44.6%

XLF SELECT SECTOR SPDR TR 0.7%

Value ($000) $13,559 Shares 247,567 Est. Cost $31.84 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $3,543 Shares 10,237 Est. Cost $158.01 Unrealized +125.9%

XLP SELECT SECTOR SPDR TR 0.4%

Value ($000) $6,694 Shares 86,174 Est. Cost $56.10 Unrealized —

WFC WELLS FARGO CO NEW 0.1%

Value ($000) $1,203 Shares 12,909 Est. Cost $73.57 Unrealized +17.7%

HWKN HAWKINS INC 0.0%

Value ($000) $398 Shares 2,800 Est. Cost $62.23 Unrealized +136.6%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $1,297 Shares 9,600 Est. Cost $64.05 Unrealized +108.5%

IBDY ISHARES TR 2.7%

Value ($000) $49,730 Shares 1,902,432 Est. Cost $25.50 Unrealized —

CMI CUMMINS INC 0.0%

Value ($000) $613 Shares 1,200 Est. Cost $287.98 Unrealized +61.9%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $1,257 Shares 10,500 Est. Cost $106.86 Unrealized +7.4%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value ($000) $382 Shares 1,785 Est. Cost $113.72 Unrealized +97.5%

KKR KKR & CO INC 0.2%

Value ($000) $3,124 Shares 24,502 Est. Cost $117.97 Unrealized +5.4%

MS MORGAN STANLEY 0.0%

Value ($000) $844 Shares 4,753 Est. Cost $100.55 Unrealized +65.6%

LRCX LAM RESEARCH CORP 0.0%

Value ($000) $403 Shares 2,355 Est. Cost $78.86 Unrealized +97.0%

PAAS PAN AMERN SILVER CORP 0.0%

Value ($000) $331 Shares 6,392 Est. Cost $32.15 Unrealized +30.2%

NOK NOKIA CORP 0.0%

Value ($000) $291 Shares 45,000 Est. Cost $4.81 Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $4,357 Shares 6,389 Est. Cost $255.72 Unrealized —

GBCI GLACIER BANCORP INC NEW 0.0%

Value ($000) $582 Shares 13,201 Est. Cost $46.74 Unrealized -6.8%

INTC INTEL CORP 0.0%

Value ($000) $648 Shares 17,550 Est. Cost $37.74 Unrealized +0.1%

BLK BLACKROCK INC 0.0%

Value ($000) $598 Shares 559 Est. Cost $961.85 Unrealized +13.3%

DINO HF SINCLAIR CORP 0.0%

Value ($000) $415 Shares 9,000 Est. Cost $46.72 Unrealized +9.8%

NEM NEWMONT CORP 0.0%

Value ($000) $360 Shares 3,608 Est. Cost $52.90 Unrealized +70.5%

LMNR LIMONEIRA CO 0.0%

Value ($000) $316 Shares 25,000 Est. Cost $16.13 Unrealized -13.0%

BAC BANK AMERICA CORP 0.1%

Value ($000) $1,004 Shares 18,248 Est. Cost $48.34 Unrealized +8.9%

MPLX MPLX LP 0.0%

Value ($000) $854 Shares 16,000 Est. Cost $49.95 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $1,590 Shares 21,612 Est. Cost $67.01 Unrealized —

FHN FIRST HORIZON CORPORATION 0.0%

Value ($000) $848 Shares 35,500 Est. Cost $21.97 Unrealized +1.0%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.0%

Value ($000) $275 Shares 1,000 Est. Cost $169.71 Unrealized +52.6%

RSG REPUBLIC SVCS INC 0.0%

Value ($000) $489 Shares 2,309 Est. Cost $133.64 Unrealized +60.6%

SHW SHERWIN WILLIAMS CO 0.0%

Value ($000) $470 Shares 1,452 Est. Cost $244.91 Unrealized +36.4%

USB US BANCORP DEL 0.0%

Value ($000) $382 Shares 7,159 Est. Cost $44.54 Unrealized +9.4%

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value ($000) $726 Shares 2,450 Est. Cost $148.81 Unrealized +100.8%

DCI DONALDSON INC 0.0%

Value ($000) $426 Shares 4,800 Est. Cost $70.60 Unrealized +22.4%

GEV GE VERNOVA INC 0.0%

Value ($000) $549 Shares 840 Est. Cost $605.52 Unrealized +0.6%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $486 Shares 930 Est. Cost $345.63 Unrealized +43.0%

PAYX PAYCHEX INC 0.0%

Value ($000) $235 Shares 2,094 Est. Cost $121.91 Unrealized -4.4%

ECL ECOLAB INC 0.0%

Value ($000) $571 Shares 2,174 Est. Cost $156.62 Unrealized +69.7%

WSM WILLIAMS SONOMA INC 0.0%

Value ($000) $268 Shares 1,500 Est. Cost $126.77 Unrealized +47.7%

ADSK AUTODESK INC 0.0%

Value ($000) $300 Shares 1,015 Est. Cost $202.07 Unrealized +49.7%

GE GE AEROSPACE 0.1%

Value ($000) $1,098 Shares 3,563 Est. Cost $260.32 Unrealized +15.5%

CTRA COTERRA ENERGY INC 0.0%

Value ($000) $234 Shares 8,883 Est. Cost $24.97 Unrealized +0.5%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $932 Shares 6,112 Est. Cost $112.04 Unrealized +35.1%

CI THE CIGNA GROUP 0.0%

Value ($000) $434 Shares 1,578 Est. Cost $220.45 Unrealized +26.7%

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $371 Shares 1,508 Est. Cost $218.94 Unrealized +13.1%

FFIC FLUSHING FINL CORP 0.0%

Value ($000) $243 Shares 16,000 Est. Cost $12.70 Unrealized +18.2%

V VISA INC 0.1%

Value ($000) $1,087 Shares 3,100 Est. Cost $187.01 Unrealized +82.0%

VT VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $938 Shares 6,650 Est. Cost $85.40 Unrealized —

TGT TARGET CORP 0.0%

Value ($000) $258 Shares 2,635 Est. Cost $142.77 Unrealized -35.8%

QCOM QUALCOMM INC 0.0%

Value ($000) $807 Shares 4,716 Est. Cost $131.92 Unrealized +29.5%

IWV ISHARES TR 0.1%

Value ($000) $990 Shares 2,560 Est. Cost $0.22 Unrealized —

DE DEERE & CO 0.1%

Value ($000) $1,008 Shares 2,165 Est. Cost $385.72 Unrealized +21.3%

GWW WW GRAINGER INC 0.0%

Value ($000) $288 Shares 285 Est. Cost $471.24 Unrealized +105.6%

CVS CVS HEALTH CORP 0.0%

Value ($000) $305 Shares 3,838 Est. Cost $57.99 Unrealized +35.7%

AEM AGNICO EAGLE MINES LTD 0.1%

Value ($000) $2,421 Shares 14,279 Est. Cost $41.74 Unrealized +302.2%

IDXX IDEXX LABS INC 0.0%

Value ($000) $237 Shares 350 Est. Cost $606.98 Unrealized +12.2%

GD GENERAL DYNAMICS CORP 0.0%

Value ($000) $738 Shares 2,192 Est. Cost $178.21 Unrealized +91.3%

ARCO ARCOS DORADOS HOLDINGS INC 0.0%

Value ($000) $140 Shares 19,020 Est. Cost $9.67 Unrealized -26.1%

REET ISHARES TR 0.0%

Value ($000) $362 Shares 14,514 Est. Cost $16.43 Unrealized —

TRP TC ENERGY CORP 0.0%

Value ($000) $809 Shares 14,700 Est. Cost $50.20 Unrealized +6.3%

IGE ISHARES TR 0.0%

Value ($000) $337 Shares 6,713 Est. Cost $35.22 Unrealized —

HYG ISHARES TR 0.1%

Value ($000) $1,098 Shares 13,614 Est. Cost $41.21 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $282 Shares 1,474 Est. Cost $174.77 Unrealized —

VUG VANGUARD INDEX FDS 0.0%

Value ($000) $325 Shares 667 Est. Cost $390.27 Unrealized —

PWR QUANTA SVCS INC 0.0%

Value ($000) $232 Shares 550 Est. Cost $320.76 Unrealized +36.9%

SCZ ISHARES TR 0.0%

Value ($000) $380 Shares 4,907 Est. Cost $53.04 Unrealized —

MLM MARTIN MARIETTA MATLS INC 0.0%

Value ($000) $311 Shares 500 Est. Cost $388.35 Unrealized +60.0%

MDT MEDTRONIC PLC 0.0%

Value ($000) $367 Shares 3,823 Est. Cost $80.98 Unrealized +20.0%

IBDV ISHARES TR 0.0%

Value ($000) $723 Shares 32,782 Est. Cost $21.54 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF TR 0.0%

Value ($000) $209 Shares 346 Est. Cost $596.03 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $3,019 Shares 4 Est. Cost $313592.30 Unrealized +138.0%

IJK ISHARES TR 0.0%

Value ($000) $222 Shares 2,288 Est. Cost $90.98 Unrealized —

IBDR ISHARES TR 0.0%

Value ($000) $746 Shares 30,798 Est. Cost $23.74 Unrealized —

IBDU ISHARES TR 0.0%

Value ($000) $767 Shares 32,753 Est. Cost $22.98 Unrealized —

IBDS ISHARES TR 0.0%

Value ($000) $855 Shares 35,211 Est. Cost $23.82 Unrealized —

VO VANGUARD INDEX FDS 0.0%

Value ($000) $660 Shares 2,274 Est. Cost $221.55 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.0%

Value ($000) $664 Shares 8,322 Est. Cost $82.64 Unrealized —

— INVESCO QUALITY MUN INCOME T 0.0%

Value ($000) $125 Shares 12,511 Est. Cost $9.68 Unrealized —

IBDT ISHARES TR 0.0%

Value ($000) $510 Shares 20,047 Est. Cost $25.14 Unrealized —

BA BOEING CO 0.0%

Value ($000) $212 Shares 976 Est. Cost $188.88 Unrealized +8.9%

IBDW ISHARES TR 0.0%

Value ($000) $331 Shares 15,631 Est. Cost $20.35 Unrealized —

ILCG ISHARES TR 0.0%

Value ($000) $260 Shares 2,500 Est. Cost $81.41 Unrealized —

SUB ISHARES TR 0.0%

Value ($000) $202 Shares 1,895 Est. Cost $106.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIBK	FIRST INTST BANCSYSTEM INC	4,665,282	$161,419	8.7%	$28.23	+13.8%	COM	32055Y201
IVV	ISHARES TR	202,676	$138,821	7.4%	$333.62	—	CORE S&P500 ETF	464287200
HEFA	ISHARES TR	1,426,001	$58,979	3.2%	$30.44	—	HDG MSCI EAFE	46434V803
IJR	ISHARES TR	674,900	$81,109	4.4%	$97.10	—	CORE S&P SCP ETF	464287804
ORCL	ORACLE CORP	12,178	$2,374	0.1%	$71.95	+230.8%	COM	68389X105
CRM	SALESFORCE INC	15,266	$4,044	0.2%	$219.77	+12.9%	COM	79466L302
MU	MICRON TECHNOLOGY INC	2,501	$714	0.0%	$73.62	+211.5%	COM	595112103
CAT	CATERPILLAR INC	3,060	$1,753	0.1%	$384.24	+44.6%	COM	149123101
XLF	SELECT SECTOR SPDR TR	247,567	$13,559	0.7%	$31.84	—	FINANCIAL	81369Y605
AVGO	BROADCOM INC	10,237	$3,543	0.2%	$158.01	+125.9%	COM	11135F101
XLP	SELECT SECTOR SPDR TR	86,174	$6,694	0.4%	$56.10	—	SBI CONS STPLS	81369Y308
WFC	WELLS FARGO CO NEW	12,909	$1,203	0.1%	$73.57	+17.7%	COM	949746101
HWKN	HAWKINS INC	2,800	$398	0.0%	$62.23	+136.6%	COM	420261109
APH	AMPHENOL CORP NEW	9,600	$1,297	0.1%	$64.05	+108.5%	CL A	032095101
IBDY	ISHARES TR	1,902,432	$49,730	2.7%	$25.50	—	IBONDS DEC 2033	46436E130
CMI	CUMMINS INC	1,200	$613	0.0%	$287.98	+61.9%	COM	231021106
JCI	JOHNSON CTLS INTL PLC	10,500	$1,257	0.1%	$106.86	+7.4%	SHS	G51502105
AMD	ADVANCED MICRO DEVICES INC	1,785	$382	0.0%	$113.72	+97.5%	COM	007903107
KKR	KKR & CO INC	24,502	$3,124	0.2%	$117.97	+5.4%	COM	48251W104
MS	MORGAN STANLEY	4,753	$844	0.0%	$100.55	+65.6%	COM NEW	617446448
LRCX	LAM RESEARCH CORP	2,355	$403	0.0%	$78.86	+97.0%	COM NEW	512807306
PAAS	PAN AMERN SILVER CORP	6,392	$331	0.0%	$32.15	+30.2%	COM	697900108
NOK	NOKIA CORP	45,000	$291	0.0%	$4.81	—	SPONSORED ADR	654902204
SPY	SPDR S&P 500 ETF TR	6,389	$4,357	0.2%	$255.72	—	TR UNIT	78462F103
GBCI	GLACIER BANCORP INC NEW	13,201	$582	0.0%	$46.74	-6.8%	COM	37637Q105
INTC	INTEL CORP	17,550	$648	0.0%	$37.74	+0.1%	COM	458140100
BLK	BLACKROCK INC	559	$598	0.0%	$961.85	+13.3%	COM	09290D101
DINO	HF SINCLAIR CORP	9,000	$415	0.0%	$46.72	+9.8%	COM	403949100
NEM	NEWMONT CORP	3,608	$360	0.0%	$52.90	+70.5%	COM	651639106
LMNR	LIMONEIRA CO	25,000	$316	0.0%	$16.13	-13.0%	COM	532746104
BAC	BANK AMERICA CORP	18,248	$1,004	0.1%	$48.34	+8.9%	COM	060505104
MPLX	MPLX LP	16,000	$854	0.0%	$49.95	—	COM UNIT REP LTD	55336V100
VEU	VANGUARD INTL EQUITY INDEX F	21,612	$1,590	0.1%	$67.01	—	ALLWRLD EX US	922042775
FHN	FIRST HORIZON CORPORATION	35,500	$848	0.0%	$21.97	+1.0%	COM	320517105
STX	SEAGATE TECHNOLOGY HLDNGS PL	1,000	$275	0.0%	$169.71	+52.6%	ORD SHS	G7997R103
RSG	REPUBLIC SVCS INC	2,309	$489	0.0%	$133.64	+60.6%	COM	760759100
SHW	SHERWIN WILLIAMS CO	1,452	$470	0.0%	$244.91	+36.4%	COM	824348106
USB	US BANCORP DEL	7,159	$382	0.0%	$44.54	+9.4%	COM NEW	902973304
IBM	INTERNATIONAL BUSINESS MACHS	2,450	$726	0.0%	$148.81	+100.8%	COM	459200101
DCI	DONALDSON INC	4,800	$426	0.0%	$70.60	+22.4%	COM	257651109
GEV	GE VERNOVA INC	840	$549	0.0%	$605.52	+0.6%	COM	36828A101
SPGI	S&P GLOBAL INC	930	$486	0.0%	$345.63	+43.0%	COM	78409V104
PAYX	PAYCHEX INC	2,094	$235	0.0%	$121.91	-4.4%	COM	704326107
ECL	ECOLAB INC	2,174	$571	0.0%	$156.62	+69.7%	COM	278865100
WSM	WILLIAMS SONOMA INC	1,500	$268	0.0%	$126.77	+47.7%	COM	969904101
ADSK	AUTODESK INC	1,015	$300	0.0%	$202.07	+49.7%	COM	052769106
GE	GE AEROSPACE	3,563	$1,098	0.1%	$260.32	+15.5%	COM NEW	369604301
CTRA	COTERRA ENERGY INC	8,883	$234	0.0%	$24.97	+0.5%	COM	127097103
CVX	CHEVRON CORP NEW	6,112	$932	0.0%	$112.04	+35.1%	COM	166764100
CI	THE CIGNA GROUP	1,578	$434	0.0%	$220.45	+26.7%	COM	125523100
ITW	ILLINOIS TOOL WKS INC	1,508	$371	0.0%	$218.94	+13.1%	COM	452308109
FFIC	FLUSHING FINL CORP	16,000	$243	0.0%	$12.70	+18.2%	COM	343873105
V	VISA INC	3,100	$1,087	0.1%	$187.01	+82.0%	COM CL A	92826C839
VT	VANGUARD INTL EQUITY INDEX F	6,650	$938	0.1%	$85.40	—	TT WRLD ST ETF	922042742
TGT	TARGET CORP	2,635	$258	0.0%	$142.77	-35.8%	COM	87612E106
QCOM	QUALCOMM INC	4,716	$807	0.0%	$131.92	+29.5%	COM	747525103
IWV	ISHARES TR	2,560	$990	0.1%	$0.22	—	RUSSELL 3000 ETF	464287689
DE	DEERE & CO	2,165	$1,008	0.1%	$385.72	+21.3%	COM	244199105
GWW	WW GRAINGER INC	285	$288	0.0%	$471.24	+105.6%	COM	384802104
CVS	CVS HEALTH CORP	3,838	$305	0.0%	$57.99	+35.7%	COM	126650100
AEM	AGNICO EAGLE MINES LTD	14,279	$2,421	0.1%	$41.74	+302.2%	COM	008474108
IDXX	IDEXX LABS INC	350	$237	0.0%	$606.98	+12.2%	COM	45168D104
GD	GENERAL DYNAMICS CORP	2,192	$738	0.0%	$178.21	+91.3%	COM	369550108
ARCO	ARCOS DORADOS HOLDINGS INC	19,020	$140	0.0%	$9.67	-26.1%	SHS CLASS -A -	G0457F107
REET	ISHARES TR	14,514	$362	0.0%	$16.43	—	GLOBAL REIT ETF	46434V647
TRP	TC ENERGY CORP	14,700	$809	0.0%	$50.20	+6.3%	COM	87807B107
IGE	ISHARES TR	6,713	$337	0.0%	$35.22	—	NORTH AMERN NAT	464287374
HYG	ISHARES TR	13,614	$1,098	0.1%	$41.21	—	IBOXX HI YD ETF	464288513
VTV	VANGUARD INDEX FDS	1,474	$282	0.0%	$174.77	—	VALUE ETF	922908744
VUG	VANGUARD INDEX FDS	667	$325	0.0%	$390.27	—	GROWTH ETF	922908736
PWR	QUANTA SVCS INC	550	$232	0.0%	$320.76	+36.9%	COM	74762E102
SCZ	ISHARES TR	4,907	$380	0.0%	$53.04	—	EAFE SML CP ETF	464288273
MLM	MARTIN MARIETTA MATLS INC	500	$311	0.0%	$388.35	+60.0%	COM	573284106
MDT	MEDTRONIC PLC	3,823	$367	0.0%	$80.98	+20.0%	SHS	G5960L103
IBDV	ISHARES TR	32,782	$723	0.0%	$21.54	—	IBONDS DEC 2030	46436E726
MDY	SPDR S&P MIDCAP 400 ETF TR	346	$209	0.0%	$596.03	—	UTSER1 S&PDCRP	78467Y107
BRK/A	BERKSHIRE HATHAWAY INC DEL	4	$3,019	0.2%	$313592.30	+138.0%	CL A	084670108
IJK	ISHARES TR	2,288	$222	0.0%	$90.98	—	S&P MC 400GR ETF	464287606
IBDR	ISHARES TR	30,798	$746	0.0%	$23.74	—	IBONDS DEC2026	46435GAA0
IBDU	ISHARES TR	32,753	$767	0.0%	$22.98	—	IBONDS DEC 29	46436E205
IBDS	ISHARES TR	35,211	$855	0.0%	$23.82	—	IBONDS 27 ETF	46435UAA9
VO	VANGUARD INDEX FDS	2,274	$660	0.0%	$221.55	—	MID CAP ETF	922908629
VCSH	VANGUARD SCOTTSDALE FDS	8,322	$664	0.0%	$82.64	—	SHRT TRM CORP BD	92206C409
—	INVESCO QUALITY MUN INCOME T	12,511	$125	0.0%	$9.68	—	COM	46133G107
IBDT	ISHARES TR	20,047	$510	0.0%	$25.14	—	IBDS DEC28 ETF	46435U515
BA	BOEING CO	976	$212	0.0%	$188.88	+8.9%	COM	097023105
IBDW	ISHARES TR	15,631	$331	0.0%	$20.35	—	IBONDS DEC 2031	46436E486
ILCG	ISHARES TR	2,500	$260	0.0%	$81.41	—	MORNINGSTAR GRWT	464287119
SUB	ISHARES TR	1,895	$202	0.0%	$106.34	—	SHRT NAT MUN ETF	464288158