Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	ExxonMobil Holdings Corp	69,155	$11.33M	0.7%	$163.82	$163.82	—	COM	30233Q108
ISRG	Intuitive Surgical Inc	8,730	$3.503M	0.2%	$401.24	$381.72	+6.5%	COM NEW	46120E602
TDG	TransDigm Group Inc	1,603	$1.759M	0.1%	$1097.24	$1202.11	-9.9%	COM	893641100
IWF	iShares Russell 1000 Growth ETF	2,800	$352K	0.0%	$125.73	$122.35	+2.4%	RUS 1000 GRW ETF	464287614
MCK	McKesson Corp	320	$288K	0.0%	$898.82 *	$860.31	-0.8%	COM	58155Q103
WMT	Walmart Inc	2,344	$244K	0.0%	$104.26	$109.79	-5.3%	COM	931142103
MPC	Marathon Petroleum Corp	480	$202K	0.0%	$420.15 *	$345.71	+14.4%	COM	56585A102

Increased Positions (28)

GOOGL Alphabet Inc ⚠ 8.2%

Value $138M (+5378.6%) Shares 413,226 (+5744.8%) Share Price $334.98 * Est. Cost/Share $346.01 Unrealized @ Report Date -0.6%

MSFT Microsoft Corp 6.0%

Value $100M (+41.2%) Shares 195,240 (+2.7%) Share Price $512.80 Est. Cost/Share $58.46 Unrealized @ Report Date +777.4%

META Meta Platforms Inc 0.6%

Value $10.29M (+385.2%) Shares 14,180 (+276.5%) Share Price $725.93 Est. Cost/Share $622.17 Unrealized @ Report Date +16.6%

TMO Thermo Fisher Scientific Inc 1.9%

Value $31.76M (+33.1%) Shares 48,681 (+2.2%) Share Price $652.51 * Est. Cost/Share $511.98 Unrealized @ Report Date +31.9%

SNPS Synopsys Inc 1.5%

Value $25.93M (+19.3%) Shares 52,861 (+8.5%) Share Price $490.54 * Est. Cost/Share $463.07 Unrealized @ Report Date -6.1%

ALC Alcon AG 1.0%

Value $17.53M (+23.1%) Shares 274,142 (+29.1%) Share Price $63.94 Est. Cost/Share $75.30 Unrealized @ Report Date -14.0%

QCOM Qualcomm Inc 2.0%

Value $33.67M (+6.2%) Shares 184,891 (+7.8%) Share Price $182.09 Est. Cost/Share $91.49 Unrealized @ Report Date +101.2%

CVX Chevron Corp 0.2%

Value $2.919M (+143.6%) Shares 14,093 (+95.0%) Share Price $207.10 Est. Cost/Share $161.93 Unrealized @ Report Date +26.1%

APD Air Products and Chemicals Inc 1.0%

Value $17.49M (-5.5%) Shares 63,974 (+1.3%) Share Price $273.33 Est. Cost/Share $215.30 Unrealized @ Report Date +29.2%

ABBV AbbVie INC 0.4%

Value $7.17M (+15.7%) Shares 27,584 (+12.1%) Share Price $259.93 Est. Cost/Share $230.64 Unrealized @ Report Date +13.4%

ABT Abbott Laboratories 0.3%

Value $4.322M (+21.0%) Shares 44,702 (+13.5%) Share Price $96.69 * Est. Cost/Share $60.92 Unrealized @ Report Date +62.2%

JPM JPMorgan Chase & Co 0.5%

Value $8.115M (+9.2%) Shares 24,357 (+7.3%) Share Price $333.18 Est. Cost/Share $312.26 Unrealized @ Report Date +5.9%

GEV GE Vernova Inc 0.2%

Value $3.845M (-14.5%) Shares 3,894 (+1.7%) Share Price $987.45 * Est. Cost/Share $615.32 Unrealized @ Report Date +54.5%

COST Costco Wholesale Corp 0.4%

Value $6.155M (+9.3%) Shares 6,727 (+11.7%) Share Price $914.94 Est. Cost/Share $910.86 Unrealized @ Report Date -0.1%

SHW Sherwin-Williams Co/The 0.2%

Value $3.595M (+15.0%) Shares 11,208 (+23.5%) Share Price $320.78 Est. Cost/Share $235.87 Unrealized @ Report Date +37.1%

BRK/B Berkshire Hathaway Inc 1.8%

Value $29.83M (+1.5%) Shares 59,604 (+1.5%) Share Price $500.50 Est. Cost/Share $119.35 Unrealized @ Report Date +317.2%

EFA iShares MSCI EAFE ETF 0.0%

Value $777K (+108.3%) Shares 7,558 (+110.4%) Share Price $102.82 Est. Cost/Share $100.66 Unrealized @ Report Date +3.2%

IWM iShares Russell 2000 ETF 0.0%

Value $722K (+67.2%) Shares 2,587 (+80.0%) Share Price $279.02 Est. Cost/Share $208.02 Unrealized @ Report Date +33.6%

PANW Palo Alto Networks Inc 0.1%

Value $876K (+20.6%) Shares 2,210 (+3.8%) Share Price $396.25 Est. Cost/Share $193.42 Unrealized @ Report Date +105.4%

SYK Stryker CORP 1.1%

Value $17.81M (-0.8%) Shares 65,257 (+14.4%) Share Price $272.96 Est. Cost/Share $115.06 Unrealized @ Report Date +139.3%

IEFA iShares Core MSCI EAFE ETF 0.0%

Value $769K (+13.7%) Shares 8,011 (+14.4%) Share Price $95.95 Est. Cost/Share $89.73 Unrealized @ Report Date +8.0%

IJR iShares Core S&P Small-Cap ETF 0.1%

Value $1.374M (-3.8%) Shares 10,030 (+4.2%) Share Price $136.97 Est. Cost/Share $108.96 Unrealized @ Report Date +24.9%

ETN Eaton Corp PLC 0.0%

Value $567K (+7.6%) Shares 1,296 (+4.9%) Share Price $437.28 Est. Cost/Share $359.57 Unrealized @ Report Date +19.5%

VMC Vulcan Materials Co 0.0%

Value $200K (-10.8%) Shares 820 (+7.9%) Share Price $243.98 Est. Cost/Share $285.57 Unrealized @ Report Date -14.3%

CB Chubb Ltd 0.1%

Value $2.026M (-1.0%) Shares 6,115 (+1.8%) Share Price $331.30 Est. Cost/Share $294.85 Unrealized @ Report Date +10.3%

ROK Rockwell Automation Inc 0.0%

Value $257K (-4.0%) Shares 580 (+7.4%) Share Price $442.45 Est. Cost/Share $435.71 Unrealized @ Report Date -0.1%

APH Amphenol Corp 0.0%

Value $257K (-2.8%) Shares 3,000 (+100.0%) Share Price $85.67 Est. Cost/Share $139.92 Unrealized @ Report Date -39.7%

CL Colgate-Palmolive Co 0.0%

Value $370K (+1.4%) Shares 4,373 (+10.0%) Share Price $84.53 Est. Cost/Share $48.58 Unrealized @ Report Date +75.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GOOGL	Alphabet Inc ⚠	413,226 (+5744.8%)	$138M (+5378.6%)	8.2%	$334.98 *	$346.01	-0.6%	CAPSTK CL C	02079K305
MSFT	Microsoft Corp	195,240 (+2.7%)	$100M (+41.2%)	6.0%	$512.80	$58.46	+777.4%	COM	594918104
META	Meta Platforms Inc	14,180 (+276.5%)	$10.29M (+385.2%)	0.6%	$725.93	$622.17	+16.6%	CL A	30303M102
TMO	Thermo Fisher Scientific Inc	48,681 (+2.2%)	$31.76M (+33.1%)	1.9%	$652.51 *	$511.98	+31.9%	COM	883556102
SNPS	Synopsys Inc	52,861 (+8.5%)	$25.93M (+19.3%)	1.5%	$490.54 *	$463.07	-6.1%	COM	871607107
ALC	Alcon AG	274,142 (+29.1%)	$17.53M (+23.1%)	1.0%	$63.94	$75.30	-14.0%	ORD SHS	H01301128
QCOM	Qualcomm Inc	184,891 (+7.8%)	$33.67M (+6.2%)	2.0%	$182.09	$91.49	+101.2%	COM	747525103
CVX	Chevron Corp	14,093 (+95.0%)	$2.919M (+143.6%)	0.2%	$207.10	$161.93	+26.1%	COM	166764100
APD	Air Products and Chemicals Inc	63,974 (+1.3%)	$17.49M (-5.5%)	1.0%	$273.33	$215.30	+29.2%	COM	009158106
ABBV	AbbVie INC	27,584 (+12.1%)	$7.17M (+15.7%)	0.4%	$259.93	$230.64	+13.4%	COM	00287Y109
ABT	Abbott Laboratories	44,702 (+13.5%)	$4.322M (+21.0%)	0.3%	$96.69 *	$60.92	+62.2%	COM	002824100
JPM	JPMorgan Chase & Co	24,357 (+7.3%)	$8.115M (+9.2%)	0.5%	$333.18	$312.26	+5.9%	COM	46625H100
GEV	GE Vernova Inc	3,894 (+1.7%)	$3.845M (-14.5%)	0.2%	$987.45 *	$615.32	+54.5%	COM	36828A101
COST	Costco Wholesale Corp	6,727 (+11.7%)	$6.155M (+9.3%)	0.4%	$914.94	$910.86	-0.1%	COM	22160K105
SHW	Sherwin-Williams Co/The	11,208 (+23.5%)	$3.595M (+15.0%)	0.2%	$320.78	$235.87	+37.1%	COM	824348106
BRK/B	Berkshire Hathaway Inc	59,604 (+1.5%)	$29.83M (+1.5%)	1.8%	$500.50	$119.35	+317.2%	CL B NEW	084670702
EFA	iShares MSCI EAFE ETF	7,558 (+110.4%)	$777K (+108.3%)	0.0%	$102.82	$100.66	+3.2%	MSCI EAFE ETF	464287465
IWM	iShares Russell 2000 ETF	2,587 (+80.0%)	$722K (+67.2%)	0.0%	$279.02	$208.02	+33.6%	RUSSELL 2000 ETF	464287655
PANW	Palo Alto Networks Inc	2,210 (+3.8%)	$876K (+20.6%)	0.1%	$396.25	$193.42	+105.4%	COM	697435105
SYK	Stryker CORP	65,257 (+14.4%)	$17.81M (-0.8%)	1.1%	$272.96	$115.06	+139.3%	COM	863667101
IEFA	iShares Core MSCI EAFE ETF	8,011 (+14.4%)	$769K (+13.7%)	0.0%	$95.95	$89.73	+8.0%	CORE MSCI EAFE	46432F842
IJR	iShares Core S&P Small-Cap ETF	10,030 (+4.2%)	$1.374M (-3.8%)	0.1%	$136.97	$108.96	+24.9%	CORE S&P SCP ETF	464287804
ETN	Eaton Corp PLC	1,296 (+4.9%)	$567K (+7.6%)	0.0%	$437.28	$359.57	+19.5%	SHS	G29183103
VMC	Vulcan Materials Co	820 (+7.9%)	$200K (-10.8%)	0.0%	$243.98	$285.57	-14.3%	COM	929160109
CB	Chubb Ltd	6,115 (+1.8%)	$2.026M (-1.0%)	0.1%	$331.30	$294.85	+10.3%	COM	H1467J104
ROK	Rockwell Automation Inc	580 (+7.4%)	$257K (-4.0%)	0.0%	$442.45	$435.71	-0.1%	COM	773903109
APH	Amphenol Corp	3,000 (+100.0%)	$257K (-2.8%)	0.0%	$85.67	$139.92	-39.7%	CL A	032095101
CL	Colgate-Palmolive Co	4,373 (+10.0%)	$370K (+1.4%)	0.0%	$84.53	$48.58	+75.6%	COM	194162103

Exited Positions (6)

GOOG Alphabet Inc 8.9%

Value $149M Shares 422,142 Share Price $353.33 * Est. Cost/Share $286.33 Unrealized @ Report Date +19.0%

XOM Exxon Mobil Corp 0.6%

Value $9.88M Shares 72,265 Share Price $136.72 * Est. Cost/Share $115.49 Unrealized @ Report Date +40.9%

ASO Academy Sports & Outdoors Inc 0.0%

Value $422K Shares 8,950 Share Price $47.13 * Est. Cost/Share $49.49 Unrealized @ Report Date -2.8%

BLK BlackRock Inc 0.0%

Value $284K Shares 295 Share Price $961.56 * Est. Cost/Share $1086.60 Unrealized @ Report Date -2.6%

IVV iShares Core S&P 500 ETF 0.0%

Value $245K Shares 327 Share Price $748.89 * Est. Cost/Share $591.81 Unrealized @ Report Date +29.4%

ADBE Adobe Inc 0.0%

Value $212K Shares 1,033 Share Price $205.02 * Est. Cost/Share $340.09 Unrealized @ Report Date -29.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GOOG	Alphabet Inc	422,142	$149M	8.9%	$353.33 *	$286.33	+19.0%	—	02079K107
XOM	Exxon Mobil Corp	72,265	$9.88M	0.6%	$136.72 *	$115.49	+40.9%	—	30231G102
ASO	Academy Sports & Outdoors Inc	8,950	$422K	0.0%	$47.13 *	$49.49	-2.8%	—	00402L107
BLK	BlackRock Inc	295	$284K	0.0%	$961.56 *	$1086.60	-2.6%	—	09290D101
IVV	iShares Core S&P 500 ETF	327	$245K	0.0%	$748.89 *	$591.81	+29.4%	—	464287200
ADBE	Adobe Inc	1,033	$212K	0.0%	$205.02 *	$340.09	-29.4%	—	00724F101

Decreased Positions (31)

CAT Caterpillar Inc 2.5%

Value $42.6M (-29.2%) Shares 51,558 (-8.8%) Share Price $826.35 Est. Cost/Share $68.21 Unrealized @ Report Date +1088.6%

ADP Automatic Data Processing Inc 4.6%

Value $76.6M (+14.9%) Shares 290,198 (-2.5%) Share Price $263.96 * Est. Cost/Share $45.40 Unrealized @ Report Date +468.4%

AAPL Apple Inc 9.5%

Value $159M (+5.6%) Shares 482,037 (-7.5%) Share Price $330.32 Est. Cost/Share $82.97 Unrealized @ Report Date +301.4%

FISV Fiserv Inc 0.4%

Value $6.823M (-47.3%) Shares 150,348 (-43.0%) Share Price $45.38 Est. Cost/Share $52.37 Unrealized @ Report Date -13.7%

NVO Novo Nordisk A/S 1.0%

Value $17.14M (-25.2%) Shares 458,256 (-4.1%) Share Price $37.40 Est. Cost/Share $23.32 Unrealized @ Report Date +62.5%

JNJ Johnson & Johnson 6.6%

Value $111M (-4.9%) Shares 430,374 (-6.6%) Share Price $258.66 * Est. Cost/Share $59.66 Unrealized @ Report Date +343.8%

PEP PepsiCo Inc 2.6%

Value $43.57M (-9.2%) Shares 346,901 (-2.1%) Share Price $125.60 Est. Cost/Share $57.06 Unrealized @ Report Date +122.1%

ACN Accenture PLC 0.5%

Value $7.874M (+60.9%) Shares 37,088 (-5.7%) Share Price $212.30 * Est. Cost/Share $254.06 Unrealized @ Report Date -27.8%

SO Southern Co/The 0.9%

Value $15.32M (-14.1%) Shares 183,588 (-1.5%) Share Price $83.47 Est. Cost/Share $29.88 Unrealized @ Report Date +177.4%

CSCO Cisco Systems Inc 1.1%

Value $18.02M (-11.0%) Shares 165,683 (-3.9%) Share Price $108.76 Est. Cost/Share $73.79 Unrealized @ Report Date +45.9%

INTC Intel Corp 0.5%

Value $8.799M (-17.1%) Shares 73,329 (-3.6%) Share Price $120.00 Est. Cost/Share $17.18 Unrealized @ Report Date +599.9%

KO Coca-Cola Co/The 2.2%

Value $36.38M (+4.7%) Shares 422,530 (-1.2%) Share Price $86.10 Est. Cost/Share $27.83 Unrealized @ Report Date +209.4%

GE GE Aerospace Com 0.4%

Value $6.939M (-17.6%) Shares 22,212 (-1.4%) Share Price $312.39 Est. Cost/Share $64.58 Unrealized @ Report Date +383.6%

MDT Medtronic PLC 0.6%

Value $9.933M (-10.0%) Shares 114,913 (-18.6%) Share Price $86.44 Est. Cost/Share $97.14 Unrealized @ Report Date -11.2%

NVDA NVIDIA Corp 0.4%

Value $7.046M (+10.0%) Shares 30,520 (-4.7%) Share Price $230.86 Est. Cost/Share $186.46 Unrealized @ Report Date +22.5%

GPN Global Payments Inc 0.3%

Value $5.323M (+9.1%) Shares 66,303 (-1.4%) Share Price $80.29 Est. Cost/Share $80.29 Unrealized @ Report Date +1.7%

NVS Novartis AG 0.1%

Value $2.362M (-12.9%) Shares 16,745 (-3.2%) Share Price $141.05 Est. Cost/Share $130.95 Unrealized @ Report Date +8.9%

MKC McCormick & Co Inc/MD 0.1%

Value $1.375M (-18.9%) Shares 31,152 (-7.4%) Share Price $44.14 * Est. Cost/Share $69.93 Unrealized @ Report Date -33.6%

EMR Emerson Electric Co 0.3%

Value $4.583M (+6.2%) Shares 28,904 (-4.1%) Share Price $158.57 * Est. Cost/Share $40.02 Unrealized @ Report Date +287.5%

SYY Sysco Corp 0.1%

Value $888K (-22.8%) Shares 11,421 (-17.1%) Share Price $77.77 Est. Cost/Share $29.38 Unrealized @ Report Date +165.4%

MS Morgan Stanley 0.0%

Value $366K (-40.6%) Shares 1,945 (-34.0%) Share Price $188.01 Est. Cost/Share $115.59 Unrealized @ Report Date +62.7%

KEYS Keysight Technologies Inc 0.3%

Value $4.648M (+4.4%) Shares 12,433 (-2.2%) Share Price $373.88 * Est. Cost/Share $189.42 Unrealized @ Report Date +92.2%

DHR Danaher Corp 0.1%

Value $1.186M (-10.1%) Shares 5,600 (-19.2%) Share Price $211.76 * Est. Cost/Share $161.49 Unrealized @ Report Date +37.2%

SHOP Shopify Inc 0.0%

Value $665K (+24.9%) Shares 4,462 (-4.3%) Share Price $149.09 Est. Cost/Share $160.56 Unrealized @ Report Date -7.6%

NEE NextEra Energy Inc 0.0%

Value $278K (-28.7%) Shares 3,637 (-18.0%) Share Price $76.35 Est. Cost/Share $83.58 Unrealized @ Report Date -9.4%

AMGN Amgen Inc 0.1%

Value $1.159M (+10.5%) Shares 2,847 (-1.7%) Share Price $407.27 * Est. Cost/Share $139.56 Unrealized @ Report Date +202.0%

CRM Salesforce Inc 0.0%

Value $369K (+42.0%) Shares 1,557 (-6.0%) Share Price $236.69 * Est. Cost/Share $248.17 Unrealized @ Report Date -7.5%

UNP Union Pacific Corp 0.1%

Value $1.59M (-4.0%) Shares 5,838 (-4.1%) Share Price $272.42 Est. Cost/Share $197.69 Unrealized @ Report Date +37.7%

ITW Illinois Tool Works Inc 0.0%

Value $215K (-16.3%) Shares 825 (-13.2%) Share Price $260.84 Est. Cost/Share $156.32 Unrealized @ Report Date +64.6%

MMM 3M Co 0.1%

Value $2.246M (-1.1%) Shares 13,780 (-1.8%) Share Price $163.02 Est. Cost/Share $163.18 Unrealized @ Report Date +0.6%

PFE Pfizer Inc 0.0%

Value $436K (+5.2%) Shares 15,500 (-9.9%) Share Price $28.12 Est. Cost/Share $20.43 Unrealized @ Report Date +39.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CAT	Caterpillar Inc	51,558 (-8.8%)	$42.6M (-29.2%)	2.5%	$826.35	$68.21	+1088.6%	COM	149123101
ADP	Automatic Data Processing Inc	290,198 (-2.5%)	$76.6M (+14.9%)	4.6%	$263.96 *	$45.40	+468.4%	COM	053015103
AAPL	Apple Inc	482,037 (-7.5%)	$159M (+5.6%)	9.5%	$330.32	$82.97	+301.4%	COM	037833100
FISV	Fiserv Inc	150,348 (-43.0%)	$6.823M (-47.3%)	0.4%	$45.38	$52.37	-13.7%	COM	337738108
NVO	Novo Nordisk A/S	458,256 (-4.1%)	$17.14M (-25.2%)	1.0%	$37.40	$23.32	+62.5%	ADR	670100205
JNJ	Johnson & Johnson	430,374 (-6.6%)	$111M (-4.9%)	6.6%	$258.66 *	$59.66	+343.8%	COM	478160104
PEP	PepsiCo Inc	346,901 (-2.1%)	$43.57M (-9.2%)	2.6%	$125.60	$57.06	+122.1%	COM	713448108
ACN	Accenture PLC	37,088 (-5.7%)	$7.874M (+60.9%)	0.5%	$212.30 *	$254.06	-27.8%	SHS CLASS A	G1151C101
SO	Southern Co/The	183,588 (-1.5%)	$15.32M (-14.1%)	0.9%	$83.47	$29.88	+177.4%	COM	842587107
CSCO	Cisco Systems Inc	165,683 (-3.9%)	$18.02M (-11.0%)	1.1%	$108.76	$73.79	+45.9%	COM	17275R102
INTC	Intel Corp	73,329 (-3.6%)	$8.799M (-17.1%)	0.5%	$120.00	$17.18	+599.9%	COM	458140100
KO	Coca-Cola Co/The	422,530 (-1.2%)	$36.38M (+4.7%)	2.2%	$86.10	$27.83	+209.4%	COM	191216100
GE	GE Aerospace Com	22,212 (-1.4%)	$6.939M (-17.6%)	0.4%	$312.39	$64.58	+383.6%	COM NEW	369604301
MDT	Medtronic PLC	114,913 (-18.6%)	$9.933M (-10.0%)	0.6%	$86.44	$97.14	-11.2%	SHS	G5960L103
NVDA	NVIDIA Corp	30,520 (-4.7%)	$7.046M (+10.0%)	0.4%	$230.86	$186.46	+22.5%	COM	67066G104
GPN	Global Payments Inc	66,303 (-1.4%)	$5.323M (+9.1%)	0.3%	$80.29	$80.29	+1.7%	COM	37940X102
NVS	Novartis AG	16,745 (-3.2%)	$2.362M (-12.9%)	0.1%	$141.05	$130.95	+8.9%	SPONSORED ADR	66987V109
MKC	McCormick & Co Inc/MD	31,152 (-7.4%)	$1.375M (-18.9%)	0.1%	$44.14 *	$69.93	-33.6%	COM NON VTG	579780206
EMR	Emerson Electric Co	28,904 (-4.1%)	$4.583M (+6.2%)	0.3%	$158.57 *	$40.02	+287.5%	COM	291011104
SYY	Sysco Corp	11,421 (-17.1%)	$888K (-22.8%)	0.1%	$77.77	$29.38	+165.4%	COM	871829107
MS	Morgan Stanley	1,945 (-34.0%)	$366K (-40.6%)	0.0%	$188.01	$115.59	+62.7%	COM NEW	617446448
KEYS	Keysight Technologies Inc	12,433 (-2.2%)	$4.648M (+4.4%)	0.3%	$373.88 *	$189.42	+92.2%	COM	49338L103
DHR	Danaher Corp	5,600 (-19.2%)	$1.186M (-10.1%)	0.1%	$211.76 *	$161.49	+37.2%	COM	235851102
SHOP	Shopify Inc	4,462 (-4.3%)	$665K (+24.9%)	0.0%	$149.09	$160.56	-7.6%	CL A	82509L107
NEE	NextEra Energy Inc	3,637 (-18.0%)	$278K (-28.7%)	0.0%	$76.35	$83.58	-9.4%	COM	65339F101
AMGN	Amgen Inc	2,847 (-1.7%)	$1.159M (+10.5%)	0.1%	$407.27 *	$139.56	+202.0%	COM	031162100
CRM	Salesforce Inc	1,557 (-6.0%)	$369K (+42.0%)	0.0%	$236.69 *	$248.17	-7.5%	COM	79466L302
UNP	Union Pacific Corp	5,838 (-4.1%)	$1.59M (-4.0%)	0.1%	$272.42	$197.69	+37.7%	COM	907818108
ITW	Illinois Tool Works Inc	825 (-13.2%)	$215K (-16.3%)	0.0%	$260.84	$156.32	+64.6%	COM	452308109
MMM	3M Co	13,780 (-1.8%)	$2.246M (-1.1%)	0.1%	$163.02	$163.18	+0.6%	COM	88579Y101
PFE	Pfizer Inc	15,500 (-9.9%)	$436K (+5.2%)	0.0%	$28.12	$20.43	+39.6%	COM	717081103

Unchanged Positions (44)

IQV IQVIA Holdings Inc 2.1%

Value $35.44M Shares 135,930 Share Price $260.72 * Est. Cost/Share $215.00 Unrealized @ Report Date +25.0%

RTO Rentokil Initial PLC 1.2%

Value $19.99M Shares 1,009,579 Share Price $19.80 Est. Cost/Share $29.24 Unrealized @ Report Date -32.5%

TJX TJX Cos Inc/The 3.1%

Value $51.35M Shares 384,408 Share Price $133.59 Est. Cost/Share $40.32 Unrealized @ Report Date +228.1%

MRK Merck & Co Inc 3.8%

Value $63.35M Shares 440,528 Share Price $143.81 Est. Cost/Share $93.24 Unrealized @ Report Date +55.8%

MA Mastercard Inc 4.8%

Value $80.96M Shares 147,202 Share Price $550.00 Est. Cost/Share $558.34 Unrealized @ Report Date -1.2%

KMI Kinder Morgan Inc 3.2%

Value $54.32M Shares 1,779,370 Share Price $30.53 Est. Cost/Share $26.91 Unrealized @ Report Date +12.1%

LIN Linde PLC 1.8%

Value $30.72M Shares 65,446 Share Price $469.45 Est. Cost/Share $430.13 Unrealized @ Report Date +10.4%

VZ Verizon Communications Inc 2.2%

Value $36.54M Shares 794,703 Share Price $45.98 Est. Cost/Share $40.48 Unrealized @ Report Date +13.3%

FAST Fastenal Co 3.4%

Value $56.74M Shares 1,129,776 Share Price $50.23 Est. Cost/Share $25.84 Unrealized @ Report Date +91.7%

AMZN Amazon.com Inc 3.1%

Value $52.2M Shares 210,297 Share Price $248.23 Est. Cost/Share $127.47 Unrealized @ Report Date +95.5%

PG Procter & Gamble CO/THE 3.2%

Value $53.71M Shares 373,131 Share Price $143.95 Est. Cost/Share $55.02 Unrealized @ Report Date +164.1%

INTU Intuit Inc 0.9%

Value $14.52M Shares 51,344 Share Price $282.78 * Est. Cost/Share $169.75 Unrealized @ Report Date +62.4%

IBM International Business Machines Corp 0.1%

Value $1.851M Shares 8,203 Share Price $225.62 * Est. Cost/Share $127.54 Unrealized @ Report Date +72.4%

WDS Woodside Energy Group Ltd 0.2%

Value $2.951M Shares 135,356 Share Price $21.80 Est. Cost/Share $21.18 Unrealized @ Report Date +4.7%

WAT Waters Corp 0.2%

Value $2.666M Shares 6,265 Share Price $425.53 * Est. Cost/Share $276.33 Unrealized @ Report Date +59.0%

EXPD Expeditors International of Washington Inc 0.1%

Value $2.256M Shares 12,016 Share Price $187.74 Est. Cost/Share $32.16 Unrealized @ Report Date +474.1%

STT State Street Corp 0.5%

Value $8.329M Shares 47,695 Share Price $174.62 Est. Cost/Share $45.80 Unrealized @ Report Date +281.2%

V Visa Inc 0.2%

Value $3.162M Shares 8,787 Share Price $359.85 Est. Cost/Share $340.38 Unrealized @ Report Date +5.6%

RTX RTX Corp 0.3%

Value $4.636M Shares 25,056 Share Price $185.01 Est. Cost/Share $176.97 Unrealized @ Report Date +4.9%

QSR Restaurant Brands International Inc 0.2%

Value $3.863M Shares 55,369 Share Price $69.76 Est. Cost/Share $68.94 Unrealized @ Report Date +3.1%

AVGO Broadcom INC 0.1%

Value $1.08M Shares 3,142 Share Price $343.64 * Est. Cost/Share $357.00 Unrealized @ Report Date -1.6%

BHP BHP Group Ltd 0.4%

Value $6.094M Shares 71,994 Share Price $84.65 Est. Cost/Share $55.43 Unrealized @ Report Date +53.1%

ECL Ecolab Inc 0.3%

Value $4.608M Shares 16,986 Share Price $271.26 Est. Cost/Share $156.00 Unrealized @ Report Date +76.0%

T AT&T Inc 0.0%

Value $612K Shares 25,179 Share Price $24.30 Est. Cost/Share $25.27 Unrealized @ Report Date -3.4%

CMI Cummins Inc 0.0%

Value $209K Shares 405 Share Price $517.00 Est. Cost/Share $380.68 Unrealized @ Report Date +35.7%

ALNY Alnylam Pharmaceuticals Inc 0.0%

Value $240K Shares 1,039 Share Price $231.18 * Est. Cost/Share $442.56 Unrealized @ Report Date -44.2%

HD Home Depot Inc/The 0.0%

Value $270K Shares 956 Share Price $282.46 Est. Cost/Share $183.94 Unrealized @ Report Date +54.7%

LOW Lowe's Cos Inc 0.0%

Value $301K Shares 1,650 Share Price $182.38 Est. Cost/Share $220.63 Unrealized @ Report Date -16.5%

SPGI S&P Global Inc 0.1%

Value $1.149M Shares 2,960 Share Price $388.16 Est. Cost/Share $494.21 Unrealized @ Report Date -20.2%

MCD McDonald's CORP 0.0%

Value $278K Shares 1,200 Share Price $231.83 Est. Cost/Share $132.12 Unrealized @ Report Date +74.8%

BMY Bristol-Myers Squibb Co 0.0%

Value $585K Shares 9,525 Share Price $61.46 Est. Cost/Share $35.91 Unrealized @ Report Date +73.8%

CTAS Cintas Corp 0.0%

Value $279K Shares 1,425 Share Price $195.60 Est. Cost/Share $169.46 Unrealized @ Report Date +15.1%

SPY State Street SPDR S&P 500 ETF Trust 0.1%

Value $1.146M Shares 1,500 Share Price $763.99 Est. Cost/Share $675.88 Unrealized @ Report Date +12.8%

GWW WW Grainger Inc 0.0%

Value $270K Shares 211 Share Price $1281.68 * Est. Cost/Share $956.89 Unrealized @ Report Date +30.2%

MDY SPDR S&P MidCap 400 ETF Trust 0.0%

Value $222K Shares 335 Share Price $663.38 Est. Cost/Share $598.32 Unrealized @ Report Date +9.8%

INDB Independent Bank Corp 0.0%

Value $217K Shares 2,750 Share Price $78.93 Est. Cost/Share $70.51 Unrealized @ Report Date +10.1%

AFL Aflac Inc 0.0%

Value $227K Shares 2,040 Share Price $111.18 Est. Cost/Share $76.99 Unrealized @ Report Date +45.2%

WFC Wells Fargo & Co 0.0%

Value $409K Shares 5,100 Share Price $80.25 Est. Cost/Share $31.30 Unrealized @ Report Date +155.8%

TRGP Targa Resources Corp 0.0%

Value $279K Shares 1,000 Share Price $279.31 * Est. Cost/Share $256.97 Unrealized @ Report Date +5.2%

IDXX IDEXX Laboratories Inc 0.0%

Value $518K Shares 1,000 Share Price $517.75 Est. Cost/Share $641.20 Unrealized @ Report Date -18.6%

VOO Vanguard S&P 500 ETF 0.0%

Value $339K Shares 482 Share Price $702.35 Est. Cost/Share $666.64 Unrealized @ Report Date +5.1%

MRSH Marsh & McLennan Cos Inc 0.0%

Value $219K Shares 1,277 Share Price $171.85 Est. Cost/Share $155.95 Unrealized @ Report Date +9.5%

UNM Unum Group 0.0%

Value $288K Shares 3,270 Share Price $88.08 Est. Cost/Share $76.48 Unrealized @ Report Date +14.7%

QQQ Invesco QQQ Trust Series 1 0.0%

Value $208K Shares 280 Share Price $742.03 Est. Cost/Share $688.02 Unrealized @ Report Date +7.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IQV	IQVIA Holdings Inc	135,930	$35.44M	2.1%	$260.72 *	$215.00	+25.0%	COM	46266C105
RTO	Rentokil Initial PLC	1,009,579	$19.99M	1.2%	$19.80	$29.24	-32.5%	SPONSORED ADR	760125104
TJX	TJX Cos Inc/The	384,408	$51.35M	3.1%	$133.59	$40.32	+228.1%	COM	872540109
MRK	Merck & Co Inc	440,528	$63.35M	3.8%	$143.81	$93.24	+55.8%	COM	58933Y105
MA	Mastercard Inc	147,202	$80.96M	4.8%	$550.00	$558.34	-1.2%	CL A	57636Q104
KMI	Kinder Morgan Inc	1,779,370	$54.32M	3.2%	$30.53	$26.91	+12.1%	COM	49456B101
LIN	Linde PLC	65,446	$30.72M	1.8%	$469.45	$430.13	+10.4%	SHS	G54950103
VZ	Verizon Communications Inc	794,703	$36.54M	2.2%	$45.98	$40.48	+13.3%	COM	92343V104
FAST	Fastenal Co	1,129,776	$56.74M	3.4%	$50.23	$25.84	+91.7%	COM	311900104
AMZN	Amazon.com Inc	210,297	$52.2M	3.1%	$248.23	$127.47	+95.5%	COM	023135106
PG	Procter & Gamble CO/THE	373,131	$53.71M	3.2%	$143.95	$55.02	+164.1%	COM	742718109
INTU	Intuit Inc	51,344	$14.52M	0.9%	$282.78 *	$169.75	+62.4%	COM	461202103
IBM	International Business Machines Corp	8,203	$1.851M	0.1%	$225.62 *	$127.54	+72.4%	COM	459200101
WDS	Woodside Energy Group Ltd	135,356	$2.951M	0.2%	$21.80	$21.18	+4.7%	SPONSORED ADR	980228308
WAT	Waters Corp	6,265	$2.666M	0.2%	$425.53 *	$276.33	+59.0%	COM	941848103
EXPD	Expeditors International of Washington Inc	12,016	$2.256M	0.1%	$187.74	$32.16	+474.1%	COM	302130109
STT	State Street Corp	47,695	$8.329M	0.5%	$174.62	$45.80	+281.2%	COM	857477103
V	Visa Inc	8,787	$3.162M	0.2%	$359.85	$340.38	+5.6%	COM CL A	92826C839
RTX	RTX Corp	25,056	$4.636M	0.3%	$185.01	$176.97	+4.9%	COM	75513E101
QSR	Restaurant Brands International Inc	55,369	$3.863M	0.2%	$69.76	$68.94	+3.1%	COM	76131D103
AVGO	Broadcom INC	3,142	$1.08M	0.1%	$343.64 *	$357.00	-1.6%	COM	11135F101
BHP	BHP Group Ltd	71,994	$6.094M	0.4%	$84.65	$55.43	+53.1%	ADS	088606108
ECL	Ecolab Inc	16,986	$4.608M	0.3%	$271.26	$156.00	+76.0%	COM	278865100
T	AT&T Inc	25,179	$612K	0.0%	$24.30	$25.27	-3.4%	COM	00206R102
CMI	Cummins Inc	405	$209K	0.0%	$517.00	$380.68	+35.7%	COM	231021106
ALNY	Alnylam Pharmaceuticals Inc	1,039	$240K	0.0%	$231.18 *	$442.56	-44.2%	COM	02043Q107
HD	Home Depot Inc/The	956	$270K	0.0%	$282.46	$183.94	+54.7%	COM	437076102
LOW	Lowe's Cos Inc	1,650	$301K	0.0%	$182.38	$220.63	-16.5%	COM	548661107
SPGI	S&P Global Inc	2,960	$1.149M	0.1%	$388.16	$494.21	-20.2%	COM	78409V104
MCD	McDonald's CORP	1,200	$278K	0.0%	$231.83	$132.12	+74.8%	COM	580135101
BMY	Bristol-Myers Squibb Co	9,525	$585K	0.0%	$61.46	$35.91	+73.8%	COM	110122108
CTAS	Cintas Corp	1,425	$279K	0.0%	$195.60	$169.46	+15.1%	COM	172908105
SPY	State Street SPDR S&P 500 ETF Trust	1,500	$1.146M	0.1%	$763.99	$675.88	+12.8%	TR UNIT	78462F103
GWW	WW Grainger Inc	211	$270K	0.0%	$1281.68 *	$956.89	+30.2%	COM	384802104
MDY	SPDR S&P MidCap 400 ETF Trust	335	$222K	0.0%	$663.38	$598.32	+9.8%	UTSER1 S&PDCRP	78467Y107
INDB	Independent Bank Corp	2,750	$217K	0.0%	$78.93	$70.51	+10.1%	COM	453836108
AFL	Aflac Inc	2,040	$227K	0.0%	$111.18	$76.99	+45.2%	COM	001055102
WFC	Wells Fargo & Co	5,100	$409K	0.0%	$80.25	$31.30	+155.8%	COM	949746101
TRGP	Targa Resources Corp	1,000	$279K	0.0%	$279.31 *	$256.97	+5.2%	COM	87612G101
IDXX	IDEXX Laboratories Inc	1,000	$518K	0.0%	$517.75	$641.20	-18.6%	COM	45168D104
VOO	Vanguard S&P 500 ETF	482	$339K	0.0%	$702.35	$666.64	+5.1%	S&P 500 ETF SHS	922908363
MRSH	Marsh & McLennan Cos Inc	1,277	$219K	0.0%	$171.85	$155.95	+9.5%	COM	571748102
UNM	Unum Group	3,270	$288K	0.0%	$88.08	$76.48	+14.7%	COM	91529Y106
QQQ	Invesco QQQ Trust Series 1	280	$208K	0.0%	$742.03	$688.02	+7.5%	UNIT SER 1	46090E103