VAN DEN BERG MANAGEMENT I, INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTV	FORTIVE CORP	51,439	$2,840	0.7%	$51.86	0.0%	COM	34959J108
TXN	TEXAS INSTRS INC	5,125	$889	0.2%	$170.73	0.0%	COM	882508104
LBRT	LIBERTY ENERGY INC	38,141	$704	0.2%	$16.71	0.0%	COM CL A	53115L104
IVV	ISHARES TR	1,008	$690	0.2%	$684.90	—	CORE S&P500 ETF	464287200
IWB	ISHARES TR	1,622	$606	0.1%	$373.44	—	RUS 1000 ETF	464287622
IWF	ISHARES TR	681	$322	0.1%	$473.30	—	RUS 1000 GRW ETF	464287614
IWD	ISHARES TR	1,256	$264	0.1%	$210.34	—	RUS 1000 VAL ETF	464287598
IJH	ISHARES TR	3,022	$199	0.0%	$66.00	—	CORE S&P MCP ETF	464287507
IWR	ISHARES TR	1,804	$174	0.0%	$96.27	—	RUS MID CAP ETF	464287499
IJS	ISHARES TR	1,523	$173	0.0%	$113.69	—	SP SMCP600VL ETF	464287879
IWS	ISHARES TR	913	$129	0.0%	$141.05	—	RUS MDCP VAL ETF	464287473
ILF	ISHARES TR	1,300	$40	0.0%	$30.45	—	LATN AMER 40 ETF	464287390
FXI	ISHARES TR	710	$27	0.0%	$38.29	—	CHINA LG-CAP ETF	464287184
IJR	ISHARES TR	194	$23	0.0%	$119.93	—	CORE S&P SCP ETF	464287804
IVW	ISHARES TR	150	$18	0.0%	$123.26	—	S&P 500 GRWT ETF	464287309
IJK	ISHARES TR	64	$6	0.0%	$96.88	—	S&P MC 400GR ETF	464287606
IVE	ISHARES TR	19	$4	0.0%	$215.37	—	S&P 500 VAL ETF	464287408
IWN	ISHARES TR	15	$3	0.0%	$181.20	—	RUS 2000 VAL ETF	464287630
IJT	ISHARES TR	17	$2	0.0%	$141.18	—	S&P SML 600 GWT	464287887
IJJ	ISHARES TR	12	$2	0.0%	$131.58	—	S&P MC 400VL ETF	464287705
IWM	ISHARES TR	5	$1	0.0%	$261.00	—	RUSSELL 2000 ETF	464287655
EFA	ISHARES TR	3	$0	0.0%	$105.33	—	MSCI EAFE ETF	464287465

Increased Positions (27)

MKTX MARKETAXESS HLDGS INC 1.3%

Value ($000) $5,510 (+125.6%) Shares 30,399 (+116.9%) Est. Cost $180.55 Unrealized -6.1%

TKR TIMKEN CO 1.2%

Value ($000) $5,021 (+60.3%) Shares 59,686 (+43.2%) Est. Cost $77.86 Unrealized +2.2%

CMCO COLUMBUS MCKINNON CORP N Y 1.5%

Value ($000) $6,538 (+40.4%) Shares 379,019 (+16.7%) Est. Cost $28.51 Unrealized -44.1%

FANG DIAMONDBACK ENERGY INC 2.9%

Value ($000) $12,727 (+7.1%) Shares 84,661 (+1.9%) Est. Cost $33.80 Unrealized +335.1%

CI THE CIGNA GROUP 1.9%

Value ($000) $8,440 (+9.7%) Shares 30,665 (+14.9%) Est. Cost $297.74 Unrealized -6.2%

SWK STANLEY BLACK & DECKER INC 1.5%

Value ($000) $6,656 (+10.9%) Shares 89,601 (+10.9%) Est. Cost $85.06 Unrealized -17.8%

CRGY CRESCENT ENERGY COMPANY 0.4%

Value ($000) $1,830 (+54.2%) Shares 218,153 (+63.9%) Est. Cost $9.86 Unrealized -11.5%

GNRC GENERAC HLDGS INC 0.7%

Value ($000) $3,143 (-17.0%) Shares 23,049 (+1.9%) Est. Cost $127.88 Unrealized +26.2%

ACGL ARCH CAP GROUP LTD 1.8%

Value ($000) $7,716 (+8.3%) Shares 80,439 (+2.5%) Est. Cost $89.94 Unrealized +1.7%

UPS UNITED PARCEL SERVICE INC 0.6%

Value ($000) $2,500 (+26.1%) Shares 25,205 (+6.2%) Est. Cost $88.40 Unrealized +4.9%

MSFT MICROSOFT CORP 1.9%

Value ($000) $8,376 (-5.6%) Shares 17,319 (+1.1%) Est. Cost $261.79 Unrealized +91.2%

ST SENSATA TECHNOLOGIES HLDG PL 1.0%

Value ($000) $4,260 (+12.0%) Shares 127,965 (+2.7%) Est. Cost $35.64 Unrealized -10.3%

DIA SPDR DOW JONES INDL AVERAGE 0.1%

Value ($000) $557 (+170.7%) Shares 1,160 (+161.3%) Est. Cost $474.13 Unrealized —

UNH UNITEDHEALTH GROUP INC 2.0%

Value ($000) $8,623 (-3.4%) Shares 26,123 (+1.1%) Est. Cost $393.73 Unrealized -14.4%

BN BROOKFIELD CORP 3.1%

Value ($000) $13,645 (-1.8%) Shares 297,347 (+46.8%) Est. Cost $29.40 Unrealized +54.9%

VTOL BRISTOW GROUP INC 0.5%

Value ($000) $2,282 (+8.4%) Shares 62,328 (+6.8%) Est. Cost $35.05 Unrealized +7.4%

CVX CHEVRON CORP NEW 0.2%

Value ($000) $685 (+22.2%) Shares 4,496 (+24.5%) Est. Cost $127.79 Unrealized +18.5%

NOG NORTHERN OIL & GAS INC 0.2%

Value ($000) $822 (-10.1%) Shares 38,305 (+3.8%) Est. Cost $26.79 Unrealized -16.3%

FNDF SCHWAB STRATEGIC TR 0.2%

Value ($000) $680 (+12.8%) Shares 15,033 (+7.1%) Est. Cost $34.50 Unrealized —

FNDE SCHWAB STRATEGIC TR 0.0%

Value ($000) $154 (+83.0%) Shares 4,258 (+83.5%) Est. Cost $31.26 Unrealized —

MOAT VANECK ETF TRUST 0.2%

Value ($000) $715 (+5.6%) Shares 6,906 (+1.0%) Est. Cost $71.66 Unrealized —

AMZN AMAZON COM INC 0.1%

Value ($000) $352 (+10.2%) Shares 1,523 (+4.8%) Est. Cost $199.31 Unrealized +14.8%

XLE SELECT SECTOR SPDR TR 0.1%

Value ($000) $619 (-2.9%) Shares 13,850 (+94.1%) Est. Cost $45.11 Unrealized —

SPSM SPDR SERIES TRUST 0.1%

Value ($000) $342 (+3.6%) Shares 7,292 (+2.4%) Est. Cost $43.87 Unrealized —

GOOGL ALPHABET INC 0.0%

Value ($000) $16 (+185.5%) Shares 51 (+121.7%) Est. Cost $203.73 Unrealized +40.2%

REI RING ENERGY INC 0.0%

Value ($000) $50 (-9.2%) Shares 57,884 (+13.8%) Est. Cost $1.35 Unrealized -29.2%

XLK SELECT SECTOR SPDR TR 0.0%

Value ($000) $1 (+2.1%) Shares 4 (+100.0%) Est. Cost $198.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKTX	MARKETAXESS HLDGS INC	30,399 (+116.9%)	$5,510 (+125.6%)	1.3%	$180.55	-6.1%	COM	57060D108
TKR	TIMKEN CO	59,686 (+43.2%)	$5,021 (+60.3%)	1.2%	$77.86	+2.2%	COM	887389104
CMCO	COLUMBUS MCKINNON CORP N Y	379,019 (+16.7%)	$6,538 (+40.4%)	1.5%	$28.51	-44.1%	COM	199333105
FANG	DIAMONDBACK ENERGY INC	84,661 (+1.9%)	$12,727 (+7.1%)	2.9%	$33.80	+335.1%	COM	25278X109
CI	THE CIGNA GROUP	30,665 (+14.9%)	$8,440 (+9.7%)	1.9%	$297.74	-6.2%	COM	125523100
SWK	STANLEY BLACK & DECKER INC	89,601 (+10.9%)	$6,656 (+10.9%)	1.5%	$85.06	-17.8%	COM	854502101
CRGY	CRESCENT ENERGY COMPANY	218,153 (+63.9%)	$1,830 (+54.2%)	0.4%	$9.86	-11.5%	CL A COM	44952J104
GNRC	GENERAC HLDGS INC	23,049 (+1.9%)	$3,143 (-17.0%)	0.7%	$127.88	+26.2%	COM	368736104
ACGL	ARCH CAP GROUP LTD	80,439 (+2.5%)	$7,716 (+8.3%)	1.8%	$89.94	+1.7%	ORD	G0450A105
UPS	UNITED PARCEL SERVICE INC	25,205 (+6.2%)	$2,500 (+26.1%)	0.6%	$88.40	+4.9%	CL B	911312106
MSFT	MICROSOFT CORP	17,319 (+1.1%)	$8,376 (-5.6%)	1.9%	$261.79	+91.2%	COM	594918104
ST	SENSATA TECHNOLOGIES HLDG PL	127,965 (+2.7%)	$4,260 (+12.0%)	1.0%	$35.64	-10.3%	SHS	G8060N102
DIA	SPDR DOW JONES INDL AVERAGE	1,160 (+161.3%)	$557 (+170.7%)	0.1%	$474.13	—	UT SER 1	78467X109
UNH	UNITEDHEALTH GROUP INC	26,123 (+1.1%)	$8,623 (-3.4%)	2.0%	$393.73	-14.4%	COM	91324P102
BN	BROOKFIELD CORP	297,347 (+46.8%)	$13,645 (-1.8%)	3.1%	$29.40	+54.9%	CL A LTD VT SH	11271J107
VTOL	BRISTOW GROUP INC	62,328 (+6.8%)	$2,282 (+8.4%)	0.5%	$35.05	+7.4%	COM	11040G103
CVX	CHEVRON CORP NEW	4,496 (+24.5%)	$685 (+22.2%)	0.2%	$127.79	+18.5%	COM	166764100
NOG	NORTHERN OIL & GAS INC	38,305 (+3.8%)	$822 (-10.1%)	0.2%	$26.79	-16.3%	COM	665531307
FNDF	SCHWAB STRATEGIC TR	15,033 (+7.1%)	$680 (+12.8%)	0.2%	$34.50	—	FUNDAMENTAL INTL	808524755
FNDE	SCHWAB STRATEGIC TR	4,258 (+83.5%)	$154 (+83.0%)	0.0%	$31.26	—	FUNDAMENTAL EMER	808524730
MOAT	VANECK ETF TRUST	6,906 (+1.0%)	$715 (+5.6%)	0.2%	$71.66	—	MRNGSTR WDE MOAT	92189F643
AMZN	AMAZON COM INC	1,523 (+4.8%)	$352 (+10.2%)	0.1%	$199.31	+14.8%	COM	023135106
XLE	SELECT SECTOR SPDR TR	13,850 (+94.1%)	$619 (-2.9%)	0.1%	$45.11	—	STATE STREET ENE	81369Y506
SPSM	SPDR SERIES TRUST	7,292 (+2.4%)	$342 (+3.6%)	0.1%	$43.87	—	STATE STREET SPD	78468R853
GOOGL	ALPHABET INC	51 (+121.7%)	$16 (+185.5%)	0.0%	$203.73	+40.2%	CAP STK CL A	02079K305
REI	RING ENERGY INC	57,884 (+13.8%)	$50 (-9.2%)	0.0%	$1.35	-29.2%	COM	76680V108
XLK	SELECT SECTOR SPDR TR	4 (+100.0%)	$1 (+2.1%)	0.0%	$198.50	—	STATE STREET TEC	81369Y803

Exited Positions (2)

— VITAL ENERGY INC 0.1%

Value ($000) $584 Shares 34,588 Est. Cost $42.76 Unrealized —

BOOM DMC GLOBAL INC 0.0%

Value ($000) $86 Shares 10,209 Est. Cost $7.49 Unrealized -7.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VITAL ENERGY INC	34,588	$584	0.1%	$42.76	—	—	516806205
BOOM	DMC GLOBAL INC	10,209	$86	0.0%	$7.49	-7.9%	—	23291C103

Decreased Positions (46)

COHR COHERENT CORP 5.1%

Value ($000) $22,118 (+48.2%) Shares 119,837 (-13.5%) Est. Cost $39.65 Unrealized +277.2%

SA SEABRIDGE GOLD INC 4.8%

Value ($000) $20,932 (+16.7%) Shares 707,390 (-4.8%) Est. Cost $9.79 Unrealized +168.5%

GOOG ALPHABET INC 4.2%

Value ($000) $18,128 (+18.5%) Shares 57,770 (-8.1%) Est. Cost $108.65 Unrealized +163.5%

PHYS SPROTT ASSET MANAGEMENT LP 6.5%

Value ($000) $28,227 (+10.2%) Shares 854,848 (-1.2%) Est. Cost $15.46 Unrealized —

ILMN ILLUMINA INC 1.4%

Value ($000) $6,106 (+31.3%) Shares 46,556 (-5.0%) Est. Cost $124.04 Unrealized -5.4%

EG EVEREST GROUP LTD 0.1%

Value ($000) $421 (-77.4%) Shares 1,240 (-76.7%) Est. Cost $365.11 Unrealized -9.6%

SW SMURFIT WESTROCK PLC 1.4%

Value ($000) $6,036 (-18.6%) Shares 156,087 (-10.4%) Est. Cost $43.84 Unrealized -13.0%

VNT VONTIER CORPORATION 2.0%

Value ($000) $8,664 (-13.5%) Shares 233,018 (-2.4%) Est. Cost $30.90 Unrealized +23.8%

TMO THERMO FISHER SCIENTIFIC INC 1.8%

Value ($000) $8,053 (+16.1%) Shares 13,897 (-2.8%) Est. Cost $479.55 Unrealized +17.9%

VRSN VERISIGN INC 0.8%

Value ($000) $3,516 (-14.6%) Shares 14,474 (-1.7%) Est. Cost $194.45 Unrealized +29.0%

META META PLATFORMS INC 0.9%

Value ($000) $4,024 (-12.7%) Shares 6,096 (-2.9%) Est. Cost $194.43 Unrealized +243.2%

KW KENNEDY-WILSON HOLDINGS INC 2.0%

Value ($000) $8,653 (+6.7%) Shares 894,821 (-8.2%) Est. Cost $12.38 Unrealized -27.6%

SLB SLB LIMITED 1.6%

Value ($000) $6,875 (+6.7%) Shares 179,118 (-4.4%) Est. Cost $52.19 Unrealized -30.9%

INTC INTEL CORP 2.2%

Value ($000) $9,527 (+4.5%) Shares 258,183 (-5.0%) Est. Cost $22.49 Unrealized +67.9%

EQT EQT CORP 2.8%

Value ($000) $12,322 (-3.1%) Shares 229,883 (-1.6%) Est. Cost $25.09 Unrealized +123.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.1%

Value ($000) $13,627 (-2.7%) Shares 27,110 (-2.6%) Est. Cost $132.94 Unrealized +274.2%

XOM EXXON MOBIL CORP 3.9%

Value ($000) $16,970 (+2.2%) Shares 141,017 (-4.3%) Est. Cost $109.97 Unrealized +5.0%

ELV ELEVANCE HEALTH INC FORMERLY 2.2%

Value ($000) $9,465 (+2.9%) Shares 26,999 (-5.2%) Est. Cost $385.62 Unrealized -12.7%

BAC BANK AMERICA CORP 0.7%

Value ($000) $3,243 (-6.8%) Shares 58,964 (-12.5%) Est. Cost $32.26 Unrealized +63.3%

COP CONOCOPHILLIPS 0.9%

Value ($000) $3,954 (-5.4%) Shares 42,234 (-4.4%) Est. Cost $47.75 Unrealized +88.5%

DIS DISNEY WALT CO 1.7%

Value ($000) $7,567 (-2.3%) Shares 66,511 (-1.7%) Est. Cost $103.33 Unrealized +6.0%

QCOM QUALCOMM INC 2.3%

Value ($000) $9,870 (+1.7%) Shares 57,705 (-1.1%) Est. Cost $127.01 Unrealized +34.5%

AZZ AZZ INC 0.1%

Value ($000) $580 (-19.5%) Shares 5,414 (-18.1%) Est. Cost $47.17 Unrealized +119.3%

MCO MOODYS CORP 0.7%

Value ($000) $3,028 (+4.9%) Shares 5,927 (-2.2%) Est. Cost $271.05 Unrealized +79.8%

SEI SOLARIS ENERGY INFRAS INC 0.2%

Value ($000) $711 (+12.5%) Shares 15,465 (-2.2%) Est. Cost $6.48 Unrealized +645.0%

ERO ERO COPPER CORP 0.2%

Value ($000) $950 (+8.0%) Shares 33,593 (-22.8%) Est. Cost $12.49 Unrealized +86.5%

XOP SPDR SERIES TRUST 0.1%

Value ($000) $441 (-11.8%) Shares 3,492 (-7.7%) Est. Cost $59.02 Unrealized —

T AT&T INC 0.1%

Value ($000) $286 (-15.4%) Shares 11,495 (-3.8%) Est. Cost $15.00 Unrealized +68.5%

VBR VANGUARD INDEX FDS 0.0%

Value ($000) $32 (-59.0%) Shares 149 (-59.6%) Est. Cost $158.80 Unrealized —

URA GLOBAL X FDS 0.1%

Value ($000) $261 (-11.8%) Shares 6,113 (-1.6%) Est. Cost $38.81 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.2%

Value ($000) $854 (-3.1%) Shares 3,885 (-4.8%) Est. Cost $162.60 Unrealized —

VV VANGUARD INDEX FDS 0.0%

Value ($000) $27 (-43.6%) Shares 86 (-44.9%) Est. Cost $174.20 Unrealized —

TALO TALOS ENERGY INC 0.1%

Value ($000) $291 (+6.6%) Shares 26,407 (-7.3%) Est. Cost $14.44 Unrealized -27.5%

MA MASTERCARD INCORPORATED 0.2%

Value ($000) $909 (-1.9%) Shares 1,592 (-2.3%) Est. Cost $342.08 Unrealized +63.4%

VYM VANGUARD WHITEHALL FDS 0.1%

Value ($000) $410 (-4.1%) Shares 2,857 (-5.8%) Est. Cost $91.50 Unrealized —

DVN DEVON ENERGY CORP NEW 0.2%

Value ($000) $1,072 (-1.6%) Shares 29,259 (-5.8%) Est. Cost $23.15 Unrealized +50.0%

VYMI VANGUARD WHITEHALL FDS 0.1%

Value ($000) $367 (+4.7%) Shares 4,074 (-1.5%) Est. Cost $60.92 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.2%

Value ($000) $681 (-1.7%) Shares 10,895 (-5.7%) Est. Cost $50.40 Unrealized —

CME CME GROUP INC 1.2%

Value ($000) $5,137 (-0.2%) Shares 18,810 (-1.2%) Est. Cost $196.40 Unrealized +37.8%

VNQ VANGUARD INDEX FDS 0.0%

Value ($000) $11 (-45.0%) Shares 125 (-43.2%) Est. Cost $82.57 Unrealized —

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $598 (+0.9%) Shares 953 (-1.4%) Est. Cost $439.98 Unrealized —

XLF SELECT SECTOR SPDR TR 0.0%

Value ($000) $7 (-37.9%) Shares 133 (-39.0%) Est. Cost $36.85 Unrealized —

MORT VANECK ETF TRUST 0.0%

Value ($000) $3 (-60.0%) Shares 240 (-59.0%) Est. Cost $11.67 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.2%

Value ($000) $813 (-0.5%) Shares 4,797 (-1.0%) Est. Cost $27.14 Unrealized +518.5%

VUG VANGUARD INDEX FDS 0.0%

Value ($000) $17 (-8.7%) Shares 35 (-10.3%) Est. Cost $302.18 Unrealized —

VTI VANGUARD INDEX FDS 0.2%

Value ($000) $866 (+0.1%) Shares 2,582 (-2.0%) Est. Cost $196.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COHR	COHERENT CORP	119,837 (-13.5%)	$22,118 (+48.2%)	5.1%	$39.65	+277.2%	COM	19247G107
SA	SEABRIDGE GOLD INC	707,390 (-4.8%)	$20,932 (+16.7%)	4.8%	$9.79	+168.5%	COM	811916105
GOOG	ALPHABET INC	57,770 (-8.1%)	$18,128 (+18.5%)	4.2%	$108.65	+163.5%	CAP STK CL C	02079K107
PHYS	SPROTT ASSET MANAGEMENT LP	854,848 (-1.2%)	$28,227 (+10.2%)	6.5%	$15.46	—	PHYSICAL GOLD TR	85207H104
ILMN	ILLUMINA INC	46,556 (-5.0%)	$6,106 (+31.3%)	1.4%	$124.04	-5.4%	COM	452327109
EG	EVEREST GROUP LTD	1,240 (-76.7%)	$421 (-77.4%)	0.1%	$365.11	-9.6%	COM	G3223R108
SW	SMURFIT WESTROCK PLC	156,087 (-10.4%)	$6,036 (-18.6%)	1.4%	$43.84	-13.0%	SHS	G8267P108
VNT	VONTIER CORPORATION	233,018 (-2.4%)	$8,664 (-13.5%)	2.0%	$30.90	+23.8%	COM	928881101
TMO	THERMO FISHER SCIENTIFIC INC	13,897 (-2.8%)	$8,053 (+16.1%)	1.8%	$479.55	+17.9%	COM	883556102
VRSN	VERISIGN INC	14,474 (-1.7%)	$3,516 (-14.6%)	0.8%	$194.45	+29.0%	COM	92343E102
META	META PLATFORMS INC	6,096 (-2.9%)	$4,024 (-12.7%)	0.9%	$194.43	+243.2%	CL A	30303M102
KW	KENNEDY-WILSON HOLDINGS INC	894,821 (-8.2%)	$8,653 (+6.7%)	2.0%	$12.38	-27.6%	COM	489398107
SLB	SLB LIMITED	179,118 (-4.4%)	$6,875 (+6.7%)	1.6%	$52.19	-30.9%	COM STK	806857108
INTC	INTEL CORP	258,183 (-5.0%)	$9,527 (+4.5%)	2.2%	$22.49	+67.9%	COM	458140100
EQT	EQT CORP	229,883 (-1.6%)	$12,322 (-3.1%)	2.8%	$25.09	+123.7%	COM	26884L109
BRK/B	BERKSHIRE HATHAWAY INC DEL	27,110 (-2.6%)	$13,627 (-2.7%)	3.1%	$132.94	+274.2%	CL B NEW	084670702
XOM	EXXON MOBIL CORP	141,017 (-4.3%)	$16,970 (+2.2%)	3.9%	$109.97	+5.0%	COM	30231G102
ELV	ELEVANCE HEALTH INC FORMERLY	26,999 (-5.2%)	$9,465 (+2.9%)	2.2%	$385.62	-12.7%	COM	036752103
BAC	BANK AMERICA CORP	58,964 (-12.5%)	$3,243 (-6.8%)	0.7%	$32.26	+63.3%	COM	060505104
COP	CONOCOPHILLIPS	42,234 (-4.4%)	$3,954 (-5.4%)	0.9%	$47.75	+88.5%	COM	20825C104
DIS	DISNEY WALT CO	66,511 (-1.7%)	$7,567 (-2.3%)	1.7%	$103.33	+6.0%	COM	254687106
QCOM	QUALCOMM INC	57,705 (-1.1%)	$9,870 (+1.7%)	2.3%	$127.01	+34.5%	COM	747525103
AZZ	AZZ INC	5,414 (-18.1%)	$580 (-19.5%)	0.1%	$47.17	+119.3%	COM	002474104
MCO	MOODYS CORP	5,927 (-2.2%)	$3,028 (+4.9%)	0.7%	$271.05	+79.8%	COM	615369105
SEI	SOLARIS ENERGY INFRAS INC	15,465 (-2.2%)	$711 (+12.5%)	0.2%	$6.48	+645.0%	COM CL A	83418M103
ERO	ERO COPPER CORP	33,593 (-22.8%)	$950 (+8.0%)	0.2%	$12.49	+86.5%	COM	296006109
XOP	SPDR SERIES TRUST	3,492 (-7.7%)	$441 (-11.8%)	0.1%	$59.02	—	STATE STREET SPD	78468R556
T	AT&T INC	11,495 (-3.8%)	$286 (-15.4%)	0.1%	$15.00	+68.5%	COM	00206R102
VBR	VANGUARD INDEX FDS	149 (-59.6%)	$32 (-59.0%)	0.0%	$158.80	—	SM CP VAL ETF	922908611
URA	GLOBAL X FDS	6,113 (-1.6%)	$261 (-11.8%)	0.1%	$38.81	—	GLOBAL X URANIUM	37954Y871
VIG	VANGUARD SPECIALIZED FUNDS	3,885 (-4.8%)	$854 (-3.1%)	0.2%	$162.60	—	DIV APP ETF	921908844
VV	VANGUARD INDEX FDS	86 (-44.9%)	$27 (-43.6%)	0.0%	$174.20	—	LARGE CAP ETF	922908637
TALO	TALOS ENERGY INC	26,407 (-7.3%)	$291 (+6.6%)	0.1%	$14.44	-27.5%	COM	87484T108
MA	MASTERCARD INCORPORATED	1,592 (-2.3%)	$909 (-1.9%)	0.2%	$342.08	+63.4%	CL A	57636Q104
VYM	VANGUARD WHITEHALL FDS	2,857 (-5.8%)	$410 (-4.1%)	0.1%	$91.50	—	HIGH DIV YLD	921946406
DVN	DEVON ENERGY CORP NEW	29,259 (-5.8%)	$1,072 (-1.6%)	0.2%	$23.15	+50.0%	COM	25179M103
VYMI	VANGUARD WHITEHALL FDS	4,074 (-1.5%)	$367 (+4.7%)	0.1%	$60.92	—	INTL HIGH ETF	921946794
VEA	VANGUARD TAX-MANAGED FDS	10,895 (-5.7%)	$681 (-1.7%)	0.2%	$50.40	—	VAN FTSE DEV MKT	921943858
CME	CME GROUP INC	18,810 (-1.2%)	$5,137 (-0.2%)	1.2%	$196.40	+37.8%	COM	12572Q105
VNQ	VANGUARD INDEX FDS	125 (-43.2%)	$11 (-45.0%)	0.0%	$82.57	—	REAL ESTATE ETF	922908553
VOO	VANGUARD INDEX FDS	953 (-1.4%)	$598 (+0.9%)	0.1%	$439.98	—	S&P 500 ETF SHS	922908363
XLF	SELECT SECTOR SPDR TR	133 (-39.0%)	$7 (-37.9%)	0.0%	$36.85	—	STATE STREET FIN	81369Y605
MORT	VANECK ETF TRUST	240 (-59.0%)	$3 (-60.0%)	0.0%	$11.67	—	MORTGAGE REIT	92189F452
AEM	AGNICO EAGLE MINES LTD	4,797 (-1.0%)	$813 (-0.5%)	0.2%	$27.14	+518.5%	COM	008474108
VUG	VANGUARD INDEX FDS	35 (-10.3%)	$17 (-8.7%)	0.0%	$302.18	—	GROWTH ETF	922908736
VTI	VANGUARD INDEX FDS	2,582 (-2.0%)	$866 (+0.1%)	0.2%	$196.97	—	TOTAL STK MKT	922908769

Unchanged Positions (31)

LUMN LUMEN TECHNOLOGIES INC 4.3%

Value ($000) $18,604 Shares 2,394,300 Est. Cost $3.56 Unrealized +131.3%

DELL DELL TECHNOLOGIES INC 2.2%

Value ($000) $9,809 Shares 77,921 Est. Cost $112.39 Unrealized +25.2%

CRK COMSTOCK RES INC 2.1%

Value ($000) $9,289 Shares 400,740 Est. Cost $9.77 Unrealized +125.7%

DHR DANAHER CORPORATION 1.9%

Value ($000) $8,196 Shares 35,802 Est. Cost $142.21 Unrealized +54.4%

PR PERMIAN RESOURCES CORP 1.7%

Value ($000) $7,289 Shares 519,501 Est. Cost $13.68 Unrealized -1.9%

FDX FEDEX CORP 0.8%

Value ($000) $3,546 Shares 12,276 Est. Cost $228.30 Unrealized +14.6%

WDAY WORKDAY INC 0.8%

Value ($000) $3,702 Shares 17,234 Est. Cost $200.27 Unrealized +13.5%

IBM INTERNATIONAL BUSINESS MACHS 2.5%

Value ($000) $10,923 Shares 36,875 Est. Cost $111.98 Unrealized +166.8%

PSLV SPROTT ASSET MANAGEMENT LP 0.2%

Value ($000) $894 Shares 37,819 Est. Cost $9.37 Unrealized —

BTE BAYTEX ENERGY CORP 0.1%

Value ($000) $583 Shares 180,571 Est. Cost $3.27 Unrealized -14.8%

GDXJ VANECK ETF TRUST 0.3%

Value ($000) $1,178 Shares 10,353 Est. Cost $41.98 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.3%

Value ($000) $1,474 Shares 28,131 Est. Cost $27.83 Unrealized +92.1%

CTRA COTERRA ENERGY INC 0.3%

Value ($000) $1,317 Shares 50,034 Est. Cost $14.50 Unrealized +73.1%

HL HECLA MNG CO 0.1%

Value ($000) $326 Shares 17,000 Est. Cost $5.03 Unrealized +203.9%

CEF SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $281 Shares 6,126 Est. Cost $36.69 Unrealized —

OVV OVINTIV INC 0.2%

Value ($000) $774 Shares 19,742 Est. Cost $35.57 Unrealized +9.0%

RIG TRANSOCEAN LTD 0.0%

Value ($000) $115 Shares 27,743 Est. Cost $6.97 Unrealized -44.3%

SU SUNCOR ENERGY INC NEW 0.1%

Value ($000) $407 Shares 9,168 Est. Cost $18.76 Unrealized +125.3%

RRC RANGE RES CORP 0.1%

Value ($000) $227 Shares 6,434 Est. Cost $30.38 Unrealized +22.6%

GDX VANECK ETF TRUST 0.0%

Value ($000) $136 Shares 1,590 Est. Cost $31.74 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value ($000) $924 Shares 4,825 Est. Cost $157.41 Unrealized —

AR ANTERO RESOURCES CORP 0.1%

Value ($000) $275 Shares 7,970 Est. Cost $26.19 Unrealized +29.3%

EU ENCORE ENERGY CORP 0.0%

Value ($000) $25 Shares 10,000 Est. Cost $3.71 Unrealized -22.9%

NLR VANECK ETF TRUST 0.0%

Value ($000) $27 Shares 216 Est. Cost $73.27 Unrealized —

SIL GLOBAL X FDS 0.0%

Value ($000) $15 Shares 175 Est. Cost $64.92 Unrealized —

XES SPDR SERIES TRUST 0.0%

Value ($000) $5 Shares 62 Est. Cost $75.73 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $22 Shares 113 Est. Cost $160.07 Unrealized —

DJD INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $9 Shares 150 Est. Cost $43.66 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.0%

Value ($000) $52 Shares 1,899 Est. Cost $42.81 Unrealized —

EFAS GLOBAL X FDS 0.0%

Value ($000) $6 Shares 325 Est. Cost $18.20 Unrealized —

VB VANGUARD INDEX FDS 0.0%

Value ($000) $1 Shares 5 Est. Cost $183.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LUMN	LUMEN TECHNOLOGIES INC	2,394,300	$18,604	4.3%	$3.56	+131.3%	COM	550241103
DELL	DELL TECHNOLOGIES INC	77,921	$9,809	2.2%	$112.39	+25.2%	CL C	24703L202
CRK	COMSTOCK RES INC	400,740	$9,289	2.1%	$9.77	+125.7%	COM	205768302
DHR	DANAHER CORPORATION	35,802	$8,196	1.9%	$142.21	+54.4%	COM	235851102
PR	PERMIAN RESOURCES CORP	519,501	$7,289	1.7%	$13.68	-1.9%	CLASS A COM	71424F105
FDX	FEDEX CORP	12,276	$3,546	0.8%	$228.30	+14.6%	COM	31428X106
WDAY	WORKDAY INC	17,234	$3,702	0.8%	$200.27	+13.5%	CL A	98138H101
IBM	INTERNATIONAL BUSINESS MACHS	36,875	$10,923	2.5%	$111.98	+166.8%	COM	459200101
PSLV	SPROTT ASSET MANAGEMENT LP	37,819	$894	0.2%	$9.37	—	PHYSICAL SILVER	85207K107
BTE	BAYTEX ENERGY CORP	180,571	$583	0.1%	$3.27	-14.8%	COM	07317Q105
GDXJ	VANECK ETF TRUST	10,353	$1,178	0.3%	$41.98	—	JUNIOR GOLD MINE	92189F791
BAM	BROOKFIELD ASSET MANAGMT LTD	28,131	$1,474	0.3%	$27.83	+92.1%	CL A LMT VTG SHS	113004105
CTRA	COTERRA ENERGY INC	50,034	$1,317	0.3%	$14.50	+73.1%	COM	127097103
HL	HECLA MNG CO	17,000	$326	0.1%	$5.03	+203.9%	COM	422704106
CEF	SPROTT ASSET MANAGEMENT LP	6,126	$281	0.1%	$36.69	—	PHYSICAL GOLD AN	85208R101
OVV	OVINTIV INC	19,742	$774	0.2%	$35.57	+9.0%	COM	69047Q102
RIG	TRANSOCEAN LTD	27,743	$115	0.0%	$6.97	-44.3%	REGISTERED SHS	H8817H100
SU	SUNCOR ENERGY INC NEW	9,168	$407	0.1%	$18.76	+125.3%	COM	867224107
RRC	RANGE RES CORP	6,434	$227	0.1%	$30.38	+22.6%	COM	75281A109
GDX	VANECK ETF TRUST	1,590	$136	0.0%	$31.74	—	GOLD MINERS ETF	92189F106
RSP	INVESCO EXCHANGE TRADED FD T	4,825	$924	0.2%	$157.41	—	S&P500 EQL WGT	46137V357
AR	ANTERO RESOURCES CORP	7,970	$275	0.1%	$26.19	+29.3%	COM	03674X106
EU	ENCORE ENERGY CORP	10,000	$25	0.0%	$3.71	-22.9%	COM NEW	29259W700
NLR	VANECK ETF TRUST	216	$27	0.0%	$73.27	—	URANIUM AND NUCL	92189F601
SIL	GLOBAL X FDS	175	$15	0.0%	$64.92	—	GLOBAL X SILVER	37954Y848
XES	SPDR SERIES TRUST	62	$5	0.0%	$75.73	—	STATE STREET SPD	78468R549
VTV	VANGUARD INDEX FDS	113	$22	0.0%	$160.07	—	VALUE ETF	922908744
DJD	INVESCO EXCHANGE TRADED FD T	150	$9	0.0%	$43.66	—	DJ INDL AVG DV	46137V605
SCHD	SCHWAB STRATEGIC TR	1,899	$52	0.0%	$42.81	—	US DIVIDEND EQ	808524797
EFAS	GLOBAL X FDS	325	$6	0.0%	$18.20	—	MSCI SUPDIV EA	37954Y699
VB	VANGUARD INDEX FDS	5	$1	0.0%	$183.54	—	SMALL CP ETF	922908751