Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BABA	Alibaba Group Holding Ltd. ADS	6,682	$641K	0.4%	$95.98	$95.98	—	ADR	01609W102
RHUHF	Richelieu Hardware Ltd.	19,381	$557K	0.3%	$28.74	$28.74	—	COM	76329W103
HON	Honeywell International Inc.	2,116	$474K	0.3%	$223.85	$223.85	—	COM	438516205
HONA	Honeywell Aerospace Inc.	2,116	$468K	0.3%	$221.03	$221.03	—	COM	43849R105
MGM	MGM Resorts International	7,333	$351K	0.2%	$47.81	$47.81	—	COM	552953101
SIRI	Sirius XM Holdings	11,482	$339K	0.2%	$29.54	$29.54	—	COM	829933100
USB	U.S. Bancorp	4,822	$291K	0.2%	$60.40	$60.40	—	COM	902973304
CURLF	Curaleaf Holdings, Inc.	25,009	$270K	0.2%	$10.81	$10.81	—	COM	23126M300
CALM	Cal-Maine Foods Inc.	3,344	$269K	0.2%	$80.56	$80.56	—	COM	128030202
UNH	United Health Group Incorporat	641	$266K	0.2%	$415.63	$415.63	—	COM	91324P102
GLP	Global Partners LP	5,487	$256K	0.1%	$46.59	$46.59	—	UNIT LTD PARTN	37946R109
DHI	D.R. Horton, Inc.	1,359	$221K	0.1%	$162.88	$162.88	—	COM	23331A109
SDZNY	Sandoz Group AG	2,341	$212K	0.1%	$90.49	$90.49	—	ADR	799926100
RHHBY	Roche Holding AG	4,031	$207K	0.1%	$51.35	$51.35	—	COM	771195104

Increased Positions (33)

KLAC KLA Corp. 4.7%

Value $8.33M (+61.2%) Shares 27,609 (+686.8%) Share Price $301.71 Est. Cost/Share $327.10 Unrealized @ Report Date —

GWW W.W. Grainger, Inc. 1.8%

Value $3.198M (+29.1%) Shares 2,351 (+3.5%) Share Price $1360.35 Est. Cost/Share $332.36 Unrealized @ Report Date —

HUBB Hubbell Inc. 1.8%

Value $3.216M (+20.5%) Shares 6,146 (+13.0%) Share Price $523.19 Est. Cost/Share $154.07 Unrealized @ Report Date —

CPK Chesapeake Utilities Corp. 1.2%

Value $2.094M (+34.2%) Shares 17,096 (+38.5%) Share Price $122.48 Est. Cost/Share $75.17 Unrealized @ Report Date —

ATO Atmos Energy Corp. 1.6%

Value $2.826M (+22.3%) Shares 16,403 (+31.2%) Share Price $172.27 Est. Cost/Share $118.34 Unrealized @ Report Date —

MSFT Microsoft Corp. 0.5%

Value $899K (+110.2%) Shares 2,411 (+108.6%) Share Price $373.07 Est. Cost/Share $403.23 Unrealized @ Report Date —

HPE Hewlett Packard Enterprise Com 0.4%

Value $628K (+108.6%) Shares 13,912 (+10.1%) Share Price $45.11 Est. Cost/Share $24.18 Unrealized @ Report Date —

PAYX Paychex, Inc. 1.0%

Value $1.845M (+21.1%) Shares 18,759 (+13.4%) Share Price $98.33 Est. Cost/Share $77.86 Unrealized @ Report Date —

LIN Linde PLC 2.0%

Value $3.471M (+7.8%) Shares 6,688 (+2.9%) Share Price $518.93 Est. Cost/Share $358.13 Unrealized @ Report Date —

TXRH Texas Roadhouse, Inc. 0.7%

Value $1.218M (+21.9%) Shares 6,302 (+4.2%) Share Price $193.24 Est. Cost/Share $149.90 Unrealized @ Report Date —

GTBIF Green Thumb Industries Inc. 0.4%

Value $754K (+37.9%) Shares 95,290 (+11.3%) Share Price $7.91 Est. Cost/Share $14.50 Unrealized @ Report Date —

ADP Automatic Data Processing, Inc 1.1%

Value $1.944M (+11.6%) Shares 8,680 (+1.3%) Share Price $223.95 Est. Cost/Share $92.28 Unrealized @ Report Date —

NXPI NXP Semiconductors N.V. 0.3%

Value $455K (+65.7%) Shares 1,618 (+16.1%) Share Price $281.03 Est. Cost/Share $224.49 Unrealized @ Report Date —

NDSN Nordson Corp. 0.8%

Value $1.321M (+14.6%) Shares 4,379 (+1.1%) Share Price $301.68 Est. Cost/Share $123.32 Unrealized @ Report Date —

ZTS Zoetis Inc. 0.4%

Value $650K (+29.9%) Shares 9,044 (+113.8%) Share Price $71.86 Est. Cost/Share $97.18 Unrealized @ Report Date —

LECO Lincoln Electric Holdings, Inc 1.0%

Value $1.847M (+8.8%) Shares 6,955 (+2.1%) Share Price $265.49 Est. Cost/Share $110.32 Unrealized @ Report Date —

— Gaztransport et Technigaz SAS 1.0%

Value $1.749M (+8.2%) Shares 8,236 (+19.7%) Share Price $212.36 Est. Cost/Share $94.27 Unrealized @ Report Date —

FBK FB Financial Corp. 0.9%

Value $1.571M (+8.2%) Shares 28,390 (+1.5%) Share Price $55.35 Est. Cost/Share $28.52 Unrealized @ Report Date —

GAIN Gladstone Investment Corp. 0.6%

Value $1.074M (+11.3%) Shares 69,455 (+2.2%) Share Price $15.46 Est. Cost/Share $7.98 Unrealized @ Report Date —

HII Huntington Ingalls Industries, 0.1%

Value $251K (-25.6%) Shares 897 (+1.0%) Share Price $279.89 Est. Cost/Share $221.91 Unrealized @ Report Date —

GRMN Garmin LTD 0.9%

Value $1.53M (+5.2%) Shares 6,439 (+2.7%) Share Price $237.56 Est. Cost/Share $111.24 Unrealized @ Report Date —

FAST Fastenal Co. 0.8%

Value $1.398M (+5.4%) Shares 29,108 (+1.9%) Share Price $48.03 Est. Cost/Share $33.14 Unrealized @ Report Date —

CHCT Community Healthcare Trust Inc 0.3%

Value $495K (+16.9%) Shares 27,077 (+1.6%) Share Price $18.28 Est. Cost/Share $39.11 Unrealized @ Report Date —

KMI Kinder Morgan, Inc. 1.3%

Value $2.352M (-2.6%) Shares 73,562 (+2.2%) Share Price $31.97 Est. Cost/Share $17.40 Unrealized @ Report Date —

GGG Graco Inc. 0.3%

Value $613K (-7.2%) Shares 8,106 (+3.8%) Share Price $75.61 Est. Cost/Share $43.06 Unrealized @ Report Date —

ENB Enbridge Inc. 0.7%

Value $1.301M (+3.4%) Shares 24,008 (+3.3%) Share Price $54.21 Est. Cost/Share $24.78 Unrealized @ Report Date —

META Meta Platforms, Inc. 0.7%

Value $1.231M (+3.3%) Shares 2,185 (+4.9%) Share Price $563.18 Est. Cost/Share $337.57 Unrealized @ Report Date —

CHD Church & Dwight Company, Inc. 0.4%

Value $696K (+5.6%) Shares 7,180 (+1.7%) Share Price $96.89 Est. Cost/Share $50.30 Unrealized @ Report Date —

NNN National Retail Properties 0.1%

Value $236K (+14.5%) Shares 5,071 (+3.4%) Share Price $46.53 Est. Cost/Share $42.18 Unrealized @ Report Date —

DMLP Dorchester Minerals LP 0.3%

Value $584K (-4.3%) Shares 23,140 (+2.7%) Share Price $25.25 Est. Cost/Share $16.23 Unrealized @ Report Date —

PYPL PayPal Holdings, Inc. 0.2%

Value $269K (+5.6%) Shares 6,230 (+10.6%) Share Price $43.18 Est. Cost/Share $69.96 Unrealized @ Report Date —

LIFZF Labrador Iron Ore Royalty Corp 0.6%

Value $1.091M (-1.0%) Shares 55,433 (+5.1%) Share Price $19.68 Est. Cost/Share $22.11 Unrealized @ Report Date —

OKE ONEOK Inc. 0.2%

Value $301K (-2.7%) Shares 3,468 (+1.2%) Share Price $86.93 Est. Cost/Share $56.02 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
KLAC	KLA Corp.	27,609 (+686.8%)	$8.33M (+61.2%)	4.7%	$301.71	$327.10	—	COM	482480100
GWW	W.W. Grainger, Inc.	2,351 (+3.5%)	$3.198M (+29.1%)	1.8%	$1360.35	$332.36	—	COM	384802104
HUBB	Hubbell Inc.	6,146 (+13.0%)	$3.216M (+20.5%)	1.8%	$523.19	$154.07	—	COM	443510607
CPK	Chesapeake Utilities Corp.	17,096 (+38.5%)	$2.094M (+34.2%)	1.2%	$122.48	$75.17	—	COM	165303108
ATO	Atmos Energy Corp.	16,403 (+31.2%)	$2.826M (+22.3%)	1.6%	$172.27	$118.34	—	COM	049560105
MSFT	Microsoft Corp.	2,411 (+108.6%)	$899K (+110.2%)	0.5%	$373.07	$403.23	—	COM	594918104
HPE	Hewlett Packard Enterprise Com	13,912 (+10.1%)	$628K (+108.6%)	0.4%	$45.11	$24.18	—	COM	42824C109
PAYX	Paychex, Inc.	18,759 (+13.4%)	$1.845M (+21.1%)	1.0%	$98.33	$77.86	—	COM	704326107
LIN	Linde PLC	6,688 (+2.9%)	$3.471M (+7.8%)	2.0%	$518.93	$358.13	—	COM	G54950103
TXRH	Texas Roadhouse, Inc.	6,302 (+4.2%)	$1.218M (+21.9%)	0.7%	$193.24	$149.90	—	COM	882681109
GTBIF	Green Thumb Industries Inc.	95,290 (+11.3%)	$754K (+37.9%)	0.4%	$7.91	$14.50	—	COM	39342L108
ADP	Automatic Data Processing, Inc	8,680 (+1.3%)	$1.944M (+11.6%)	1.1%	$223.95	$92.28	—	COM	053015103
NXPI	NXP Semiconductors N.V.	1,618 (+16.1%)	$455K (+65.7%)	0.3%	$281.03	$224.49	—	COM	N6596X109
NDSN	Nordson Corp.	4,379 (+1.1%)	$1.321M (+14.6%)	0.8%	$301.68	$123.32	—	COM	655663102
ZTS	Zoetis Inc.	9,044 (+113.8%)	$650K (+29.9%)	0.4%	$71.86	$97.18	—	COM	98978V103
LECO	Lincoln Electric Holdings, Inc	6,955 (+2.1%)	$1.847M (+8.8%)	1.0%	$265.49	$110.32	—	COM	533900106
—	Gaztransport et Technigaz SAS	8,236 (+19.7%)	$1.749M (+8.2%)	1.0%	$212.36	$94.27	—	COM	ACI07W296
FBK	FB Financial Corp.	28,390 (+1.5%)	$1.571M (+8.2%)	0.9%	$55.35	$28.52	—	COM	30257X104
GAIN	Gladstone Investment Corp.	69,455 (+2.2%)	$1.074M (+11.3%)	0.6%	$15.46	$7.98	—	COM	376546107
HII	Huntington Ingalls Industries,	897 (+1.0%)	$251K (-25.6%)	0.1%	$279.89	$221.91	—	COM	446413106
GRMN	Garmin LTD	6,439 (+2.7%)	$1.53M (+5.2%)	0.9%	$237.56	$111.24	—	COM	H2906T109
FAST	Fastenal Co.	29,108 (+1.9%)	$1.398M (+5.4%)	0.8%	$48.03	$33.14	—	COM	311900104
CHCT	Community Healthcare Trust Inc	27,077 (+1.6%)	$495K (+16.9%)	0.3%	$18.28	$39.11	—	COM	20369C106
KMI	Kinder Morgan, Inc.	73,562 (+2.2%)	$2.352M (-2.6%)	1.3%	$31.97	$17.40	—	COM	49456B101
GGG	Graco Inc.	8,106 (+3.8%)	$613K (-7.2%)	0.3%	$75.61	$43.06	—	COM	384109104
ENB	Enbridge Inc.	24,008 (+3.3%)	$1.301M (+3.4%)	0.7%	$54.21	$24.78	—	COM	29250N105
META	Meta Platforms, Inc.	2,185 (+4.9%)	$1.231M (+3.3%)	0.7%	$563.18	$337.57	—	COM	30303M102
CHD	Church & Dwight Company, Inc.	7,180 (+1.7%)	$696K (+5.6%)	0.4%	$96.89	$50.30	—	COM	171340102
NNN	National Retail Properties	5,071 (+3.4%)	$236K (+14.5%)	0.1%	$46.53	$42.18	—	COM	637417106
DMLP	Dorchester Minerals LP	23,140 (+2.7%)	$584K (-4.3%)	0.3%	$25.25	$16.23	—	UNIT LTD PARTN	25820R105
PYPL	PayPal Holdings, Inc.	6,230 (+10.6%)	$269K (+5.6%)	0.2%	$43.18	$69.96	—	COM	70450Y103
LIFZF	Labrador Iron Ore Royalty Corp	55,433 (+5.1%)	$1.091M (-1.0%)	0.6%	$19.68	$22.11	—	COM	505440107
OKE	ONEOK Inc.	3,468 (+1.2%)	$301K (-2.7%)	0.2%	$86.93	$56.02	—	COM	682680103

Exited Positions (4)

PBA Pembina Pipeline Corp. 1.0%

Value $1.795M Shares 40,098 Share Price $44.76 Est. Cost/Share $23.02 Unrealized @ Report Date —

HON Honeywell International Inc. 0.5%

Value $948K Shares 4,196 Share Price $226.04 Est. Cost/Share $88.65 Unrealized @ Report Date —

LKQ LKQ Corp. 0.1%

Value $212K Shares 7,204 Share Price $29.37 Est. Cost/Share $33.79 Unrealized @ Report Date —

CURLF Curaleaf Holdings, Inc. 0.1%

Value $161K Shares 75,079 Share Price $2.14 Est. Cost/Share $7.47 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PBA	Pembina Pipeline Corp.	40,098	$1.795M	1.0%	$44.76	$23.02	—	—	706327103
HON	Honeywell International Inc.	4,196	$948K	0.5%	$226.04	$88.65	—	—	438516106
LKQ	LKQ Corp.	7,204	$212K	0.1%	$29.37	$33.79	—	—	501889208
CURLF	Curaleaf Holdings, Inc.	75,079	$161K	0.1%	$2.14	$7.47	—	—	23126M102

Decreased Positions (13)

LRCX Lam Research Corp. 5.0%

Value $8.737M (+99.5%) Shares 20,163 (-1.6%) Share Price $433.34 Est. Cost/Share $77.56 Unrealized @ Report Date —

PH Parker Hannifin Corp. 1.2%

Value $2.045M (-35.2%) Shares 2,091 (-40.6%) Share Price $978.09 Est. Cost/Share $152.98 Unrealized @ Report Date —

TSM Taiwan Semiconductor Manufactu 2.1%

Value $3.779M (+39.9%) Shares 7,914 (-1.0%) Share Price $477.57 Est. Cost/Share $114.67 Unrealized @ Report Date —

AMAT Applied Material, Inc. 1.2%

Value $2.102M (+104.4%) Shares 2,908 (-3.4%) Share Price $723.00 Est. Cost/Share $125.86 Unrealized @ Report Date —

MTD Mettler-Toledo International, 0.3%

Value $608K (-62.5%) Shares 476 (-63.0%) Share Price $1277.51 Est. Cost/Share $465.00 Unrealized @ Report Date —

DLMAF Dollarama Inc. 0.9%

Value $1.539M (-28.7%) Shares 11,538 (-34.4%) Share Price $133.35 Est. Cost/Share $141.47 Unrealized @ Report Date —

DDOG Datadog, Inc. 0.5%

Value $918K (+117.3%) Shares 3,525 (-1.5%) Share Price $260.36 Est. Cost/Share $123.10 Unrealized @ Report Date —

TTE TotalEnergies SE ADR 0.9%

Value $1.538M (-19.7%) Shares 19,774 (-6.1%) Share Price $77.76 Est. Cost/Share $63.33 Unrealized @ Report Date —

AAPL Apple Inc. 0.8%

Value $1.348M (+12.3%) Shares 4,657 (-1.5%) Share Price $289.36 Est. Cost/Share $98.52 Unrealized @ Report Date —

VTRS Viatris Inc. 0.2%

Value $379K (+14.9%) Shares 23,866 (-2.2%) Share Price $15.88 Est. Cost/Share $9.88 Unrealized @ Report Date —

GOOGL Alphabet Inc. Class A 0.2%

Value $309K (-5.7%) Shares 864 (-24.1%) Share Price $357.37 Est. Cost/Share $209.20 Unrealized @ Report Date —

ZM Zoom Communications Inc. 0.2%

Value $265K (+5.3%) Shares 3,070 (-1.9%) Share Price $86.31 Est. Cost/Share $78.69 Unrealized @ Report Date —

ADM Archer Daniels Midland 0.2%

Value $403K (+2.0%) Shares 5,272 (-3.0%) Share Price $76.40 Est. Cost/Share $47.47 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
LRCX	Lam Research Corp.	20,163 (-1.6%)	$8.737M (+99.5%)	5.0%	$433.34	$77.56	—	COM	512807306
PH	Parker Hannifin Corp.	2,091 (-40.6%)	$2.045M (-35.2%)	1.2%	$978.09	$152.98	—	COM	701094104
TSM	Taiwan Semiconductor Manufactu	7,914 (-1.0%)	$3.779M (+39.9%)	2.1%	$477.57	$114.67	—	ADR	874039100
AMAT	Applied Material, Inc.	2,908 (-3.4%)	$2.102M (+104.4%)	1.2%	$723.00	$125.86	—	COM	038222105
MTD	Mettler-Toledo International,	476 (-63.0%)	$608K (-62.5%)	0.3%	$1277.51	$465.00	—	COM	592688105
DLMAF	Dollarama Inc.	11,538 (-34.4%)	$1.539M (-28.7%)	0.9%	$133.35	$141.47	—	COM	25675T107
DDOG	Datadog, Inc.	3,525 (-1.5%)	$918K (+117.3%)	0.5%	$260.36	$123.10	—	COM	23804L103
TTE	TotalEnergies SE ADR	19,774 (-6.1%)	$1.538M (-19.7%)	0.9%	$77.76	$63.33	—	ADR	F92124100
AAPL	Apple Inc.	4,657 (-1.5%)	$1.348M (+12.3%)	0.8%	$289.36	$98.52	—	COM	037833100
VTRS	Viatris Inc.	23,866 (-2.2%)	$379K (+14.9%)	0.2%	$15.88	$9.88	—	COM	92556V106
GOOGL	Alphabet Inc. Class A	864 (-24.1%)	$309K (-5.7%)	0.2%	$357.37	$209.20	—	COM	02079K305
ZM	Zoom Communications Inc.	3,070 (-1.9%)	$265K (+5.3%)	0.2%	$86.31	$78.69	—	COM	98980L101
ADM	Archer Daniels Midland	5,272 (-3.0%)	$403K (+2.0%)	0.2%	$76.40	$47.47	—	COM	039483102

Unchanged Positions (79)

GOOG Alphabet Inc. Class C 4.4%

Value $7.736M Shares 21,895 Share Price $353.33 Est. Cost/Share $113.23 Unrealized @ Report Date —

NBIS Nebius Group NV 1.0%

Value $1.794M Shares 6,495 Share Price $276.17 Est. Cost/Share $34.43 Unrealized @ Report Date —

AGYS Agilysys, Inc. 1.1%

Value $1.946M Shares 18,620 Share Price $104.50 Est. Cost/Share $56.12 Unrealized @ Report Date —

— Schneider Electric SA 1.8%

Value $3.089M Shares 9,476 Share Price $326.02 Est. Cost/Share $96.42 Unrealized @ Report Date —

CMI Cummins Inc. 1.1%

Value $2.017M Shares 2,827 Share Price $713.32 Est. Cost/Share $143.58 Unrealized @ Report Date —

TMTNF Toromont Industries Ltd. 1.8%

Value $3.151M Shares 19,369 Share Price $162.69 Est. Cost/Share $84.70 Unrealized @ Report Date —

CME CME Group Inc. 0.8%

Value $1.333M Shares 6,037 Share Price $220.83 Est. Cost/Share $244.71 Unrealized @ Report Date —

PLBC Plumas Bancorp 1.5%

Value $2.629M Shares 44,983 Share Price $58.44 Est. Cost/Share $42.94 Unrealized @ Report Date —

SKT Tanger Factory Outlet Centers, 1.5%

Value $2.561M Shares 64,878 Share Price $39.47 Est. Cost/Share $7.31 Unrealized @ Report Date —

SNA Snap-on Inc. 2.0%

Value $3.59M Shares 8,922 Share Price $402.40 Est. Cost/Share $144.72 Unrealized @ Report Date —

VET Vermilion Energy Trust 0.4%

Value $761K Shares 81,878 Share Price $9.29 Est. Cost/Share $11.18 Unrealized @ Report Date —

MGY Magnolia Oil & Gas Corp. 0.9%

Value $1.592M Shares 62,227 Share Price $25.58 Est. Cost/Share $15.80 Unrealized @ Report Date —

— Straumann Holdings AG 0.9%

Value $1.63M Shares 12,379 Share Price $131.67 Est. Cost/Share $131.58 Unrealized @ Report Date —

ETN Eaton Corp. PLC 1.2%

Value $2.193M Shares 5,146 Share Price $426.13 Est. Cost/Share $221.90 Unrealized @ Report Date —

WTFC Wintrust Financial Corp. 1.3%

Value $2.372M Shares 14,761 Share Price $160.72 Est. Cost/Share $126.97 Unrealized @ Report Date —

CVS CVS Health Corp. 0.6%

Value $1.042M Shares 10,076 Share Price $103.45 Est. Cost/Share $52.24 Unrealized @ Report Date —

T AT&T Inc. 0.4%

Value $740K Shares 35,772 Share Price $20.70 Est. Cost/Share $16.29 Unrealized @ Report Date —

MCD McDonald's Corp. 1.2%

Value $2.093M Shares 7,745 Share Price $270.30 Est. Cost/Share $145.18 Unrealized @ Report Date —

GVDNY Givaudan SA ADR 0.8%

Value $1.41M Shares 16,692 Share Price $84.47 Est. Cost/Share $42.51 Unrealized @ Report Date —

APA APA Corp. 0.5%

Value $912K Shares 27,988 Share Price $32.57 Est. Cost/Share $17.40 Unrealized @ Report Date —

CHRD Chord Energy Corp. 0.6%

Value $1.067M Shares 9,332 Share Price $114.30 Est. Cost/Share $125.54 Unrealized @ Report Date —

TNC Tennant Co. 0.5%

Value $873K Shares 9,968 Share Price $87.54 Est. Cost/Share $58.11 Unrealized @ Report Date —

CLMB Climb Global Solutions Inc. 0.8%

Value $1.446M Shares 62,315 Share Price $23.21 Est. Cost/Share $97.01 Unrealized @ Report Date —

FISV Fiserv Inc. 0.9%

Value $1.549M Shares 31,579 Share Price $49.05 Est. Cost/Share $72.62 Unrealized @ Report Date —

NSC Norfolk & Southern Corp. 1.0%

Value $1.829M Shares 5,814 Share Price $314.59 Est. Cost/Share $77.07 Unrealized @ Report Date —

TCNNF Trulieve Cannabis Corp 0.2%

Value $385K Shares 39,203 Share Price $9.83 Est. Cost/Share $21.82 Unrealized @ Report Date —

— Sabre Insurance Group PLC 0.9%

Value $1.579M Shares 684,990 Share Price $2.31 Est. Cost/Share $1.68 Unrealized @ Report Date —

SHW Sherwin-Williams Co. 1.2%

Value $2.166M Shares 6,292 Share Price $344.32 Est. Cost/Share $167.62 Unrealized @ Report Date —

— Compagnie Michelin 0.7%

Value $1.164M Shares 30,199 Share Price $38.55 Est. Cost/Share $30.48 Unrealized @ Report Date —

— Sparebank 1 SR-Bank 0.8%

Value $1.363M Shares 69,722 Share Price $19.55 Est. Cost/Share $8.27 Unrealized @ Report Date —

AVGO Broadcom Inc. 0.4%

Value $791K Shares 2,095 Share Price $377.75 Est. Cost/Share $167.27 Unrealized @ Report Date —

VZ Verizon Communications Inc. 0.4%

Value $649K Shares 15,336 Share Price $42.34 Est. Cost/Share $33.98 Unrealized @ Report Date —

BHP BHP LTD ADR 0.6%

Value $988K Shares 11,865 Share Price $83.31 Est. Cost/Share $74.15 Unrealized @ Report Date —

ITT ITT Corp. 1.7%

Value $3.004M Shares 15,189 Share Price $197.76 Est. Cost/Share $45.94 Unrealized @ Report Date —

SHEL Shell PLC ADR 0.3%

Value $579K Shares 7,471 Share Price $77.54 Est. Cost/Share $55.39 Unrealized @ Report Date —

EMR Emerson Electric Co. 0.7%

Value $1.25M Shares 8,730 Share Price $143.15 Est. Cost/Share $64.97 Unrealized @ Report Date —

LNG Cheniere Energy, Inc. 0.3%

Value $602K Shares 2,519 Share Price $239.01 Est. Cost/Share $172.42 Unrealized @ Report Date —

TTTRF Treatt PLC 0.2%

Value $295K Shares 72,963 Share Price $4.04 Est. Cost/Share $2.79 Unrealized @ Report Date —

WES Western Midstream Partners, LP 0.9%

Value $1.561M Shares 35,672 Share Price $43.76 Est. Cost/Share $28.79 Unrealized @ Report Date —

NVS Novartis AG ADR 2.3%

Value $4.032M Shares 25,727 Share Price $156.72 Est. Cost/Share $97.36 Unrealized @ Report Date —

C Citigroup Inc. 0.3%

Value $535K Shares 3,824 Share Price $139.96 Est. Cost/Share $67.74 Unrealized @ Report Date —

GUKYF Gulf Keystone Petroleum LTD 0.3%

Value $492K Shares 211,075 Share Price $2.33 Est. Cost/Share $2.25 Unrealized @ Report Date —

MGDDY Michelin ADR 0.5%

Value $806K Shares 41,823 Share Price $19.26 Est. Cost/Share $15.81 Unrealized @ Report Date —

NVDA NVIDIA Corp. 0.4%

Value $639K Shares 3,195 Share Price $200.09 Est. Cost/Share $127.44 Unrealized @ Report Date —

PAC Grupo Aeroportuario Del Pacifi 1.7%

Value $2.969M Shares 11,726 Share Price $253.16 Est. Cost/Share $106.67 Unrealized @ Report Date —

SIEGY Siemens Aktiengesellschaft 0.2%

Value $328K Shares 2,038 Share Price $160.91 Est. Cost/Share $115.98 Unrealized @ Report Date —

— Banco del Bajio SA 0.9%

Value $1.6M Shares 493,886 Share Price $3.24 Est. Cost/Share $1.78 Unrealized @ Report Date —

ABNB Airbnb Inc. 0.3%

Value $545K Shares 3,807 Share Price $143.10 Est. Cost/Share $127.58 Unrealized @ Report Date —

GILD Gilead Sciences Inc 0.4%

Value $633K Shares 5,012 Share Price $126.34 Est. Cost/Share $58.94 Unrealized @ Report Date —

PMREF Primaris REIT 0.9%

Value $1.51M Shares 139,909 Share Price $10.79 Est. Cost/Share $10.51 Unrealized @ Report Date —

CF CF Industries Holdings, Inc. 0.2%

Value $308K Shares 2,842 Share Price $108.26 Est. Cost/Share $76.14 Unrealized @ Report Date —

GTY Getty Realty Corp. 0.6%

Value $1.026M Shares 30,749 Share Price $33.36 Est. Cost/Share $27.37 Unrealized @ Report Date —

ECL Ecolab, Inc. 0.6%

Value $1.063M Shares 3,814 Share Price $278.61 Est. Cost/Share $165.93 Unrealized @ Report Date —

PSA Public Storage 0.2%

Value $314K Shares 986 Share Price $318.31 Est. Cost/Share $260.76 Unrealized @ Report Date —

— Keyera Corp. 0.4%

Value $775K Shares 19,104 Share Price $40.59 Est. Cost/Share $25.35 Unrealized @ Report Date —

EPD Enterprise Products Partners L 0.9%

Value $1.497M Shares 40,718 Share Price $36.76 Est. Cost/Share $34.26 Unrealized @ Report Date —

AME Ametek, Inc. 0.1%

Value $262K Shares 1,084 Share Price $241.94 Est. Cost/Share $171.25 Unrealized @ Report Date —

V Visa Inc. 0.1%

Value $245K Shares 715 Share Price $343.09 Est. Cost/Share $299.24 Unrealized @ Report Date —

BMY Bristol Myers Squibb Co. 0.2%

Value $416K Shares 7,218 Share Price $57.62 Est. Cost/Share $49.76 Unrealized @ Report Date —

CMWAY Commonwealth Bank of Australia 0.4%

Value $667K Shares 5,826 Share Price $114.46 Est. Cost/Share $74.02 Unrealized @ Report Date —

NHI National Health Investors, Inc 0.2%

Value $342K Shares 4,489 Share Price $76.26 Est. Cost/Share $65.45 Unrealized @ Report Date —

— Credito Real Sofom ENR ⚠ 0.0%

Value $0 Shares 917,094 Share Price $0.00 Est. Cost/Share $0.79 Unrealized @ Report Date —

MRNFF Meren Energy Inc. 0.0%

Value $54,400 Shares 40,000 Share Price $1.36 Est. Cost/Share $1.27 Unrealized @ Report Date —

— Commonwealth Bank of Australia 0.5%

Value $862K Shares 7,565 Share Price $113.96 Est. Cost/Share $73.21 Unrealized @ Report Date —

LUNMF Lundin Mining Corporation 0.2%

Value $424K Shares 17,445 Share Price $24.32 Est. Cost/Share $8.96 Unrealized @ Report Date —

IRMD IRadimed Corp. 0.9%

Value $1.643M Shares 17,193 Share Price $95.56 Est. Cost/Share $47.31 Unrealized @ Report Date —

OMC Omnicom Group 0.2%

Value $347K Shares 4,769 Share Price $72.83 Est. Cost/Share $60.79 Unrealized @ Report Date —

VRSN VeriSign, Inc. 0.2%

Value $309K Shares 1,229 Share Price $251.56 Est. Cost/Share $225.24 Unrealized @ Report Date —

CRLBF Cresco Labs 0.0%

Value $73,069 Shares 88,035 Share Price $0.83 Est. Cost/Share $7.81 Unrealized @ Report Date —

ET Energy Transfer LP 0.8%

Value $1.474M Shares 77,078 Share Price $19.12 Est. Cost/Share $11.86 Unrealized @ Report Date —

FLS Flowserve Corp. 0.1%

Value $247K Shares 3,329 Share Price $74.16 Est. Cost/Share $64.66 Unrealized @ Report Date —

— Precinct Properties New Zealan 0.1%

Value $240K Shares 405,912 Share Price $0.59 Est. Cost/Share $0.59 Unrealized @ Report Date —

CBSTF Cannabist Company Holdings Inc 0.0%

Value $4 Shares 35,390 Share Price $0.00 Est. Cost/Share $0.50 Unrealized @ Report Date —

— Coats Group PLC 0.0%

Value $30,370 Shares 29,376 Share Price $1.03 Est. Cost/Share $0.80 Unrealized @ Report Date —

ATR AptarGroup, Inc. 0.7%

Value $1.309M Shares 10,459 Share Price $125.20 Est. Cost/Share $68.62 Unrealized @ Report Date —

AYRWF AYR Wellness Inc. 0.0%

Value $201 Shares 12,946 Share Price $0.02 Est. Cost/Share $4.36 Unrealized @ Report Date —

— Novolipetsk GDR 0.0%

Value $2 Shares 15,295 Share Price $0.00 Est. Cost/Share $20.36 Unrealized @ Report Date —

— Indiva Limited ⚠ 0.0%

Value $0 Shares 107,000 Share Price $0.00 Est. Cost/Share $0.20 Unrealized @ Report Date —

ROSYY Rostelecom Long Distance ADR 0.0%

Value $5 Shares 46,000 Share Price $0.00 Est. Cost/Share $7.57 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GOOG	Alphabet Inc. Class C	21,895	$7.736M	4.4%	$353.33	$113.23	—	COM	02079K107
NBIS	Nebius Group NV	6,495	$1.794M	1.0%	$276.17	$34.43	—	COM	N97284108
AGYS	Agilysys, Inc.	18,620	$1.946M	1.1%	$104.50	$56.12	—	COM	00847J105
—	Schneider Electric SA	9,476	$3.089M	1.8%	$326.02	$96.42	—	COM	483410007
CMI	Cummins Inc.	2,827	$2.017M	1.1%	$713.32	$143.58	—	COM	231021106
TMTNF	Toromont Industries Ltd.	19,369	$3.151M	1.8%	$162.69	$84.70	—	COM	891102105
CME	CME Group Inc.	6,037	$1.333M	0.8%	$220.83	$244.71	—	COM	12572Q105
PLBC	Plumas Bancorp	44,983	$2.629M	1.5%	$58.44	$42.94	—	COM	729273102
SKT	Tanger Factory Outlet Centers,	64,878	$2.561M	1.5%	$39.47	$7.31	—	COM	875465106
SNA	Snap-on Inc.	8,922	$3.59M	2.0%	$402.40	$144.72	—	COM	833034101
VET	Vermilion Energy Trust	81,878	$761K	0.4%	$9.29	$11.18	—	COM	923725105
MGY	Magnolia Oil & Gas Corp.	62,227	$1.592M	0.9%	$25.58	$15.80	—	COM	559663109
—	Straumann Holdings AG	12,379	$1.63M	0.9%	$131.67	$131.58	—	COM	715683900
ETN	Eaton Corp. PLC	5,146	$2.193M	1.2%	$426.13	$221.90	—	COM	G29183103
WTFC	Wintrust Financial Corp.	14,761	$2.372M	1.3%	$160.72	$126.97	—	COM	97650W108
CVS	CVS Health Corp.	10,076	$1.042M	0.6%	$103.45	$52.24	—	COM	126650100
T	AT&T Inc.	35,772	$740K	0.4%	$20.70	$16.29	—	COM	00206R102
MCD	McDonald's Corp.	7,745	$2.093M	1.2%	$270.30	$145.18	—	COM	580135101
GVDNY	Givaudan SA ADR	16,692	$1.41M	0.8%	$84.47	$42.51	—	ADR	37636P108
APA	APA Corp.	27,988	$912K	0.5%	$32.57	$17.40	—	COM	03743Q108
CHRD	Chord Energy Corp.	9,332	$1.067M	0.6%	$114.30	$125.54	—	COM	674215207
TNC	Tennant Co.	9,968	$873K	0.5%	$87.54	$58.11	—	COM	880345103
CLMB	Climb Global Solutions Inc.	62,315	$1.446M	0.8%	$23.21	$97.01	—	COM	946760105
FISV	Fiserv Inc.	31,579	$1.549M	0.9%	$49.05	$72.62	—	COM	337738108
NSC	Norfolk & Southern Corp.	5,814	$1.829M	1.0%	$314.59	$77.07	—	COM	655844108
TCNNF	Trulieve Cannabis Corp	39,203	$385K	0.2%	$9.83	$21.82	—	COM	89788C104
—	Sabre Insurance Group PLC	684,990	$1.579M	0.9%	$2.31	$1.68	—	COM	BYWVDP903
SHW	Sherwin-Williams Co.	6,292	$2.166M	1.2%	$344.32	$167.62	—	COM	824348106
—	Compagnie Michelin	30,199	$1.164M	0.7%	$38.55	$30.48	—	COM	BPBPJ0907
—	Sparebank 1 SR-Bank	69,722	$1.363M	0.8%	$19.55	$8.27	—	COM	B40JTQ902
AVGO	Broadcom Inc.	2,095	$791K	0.4%	$377.75	$167.27	—	COM	11135F101
VZ	Verizon Communications Inc.	15,336	$649K	0.4%	$42.34	$33.98	—	COM	92343V104
BHP	BHP LTD ADR	11,865	$988K	0.6%	$83.31	$74.15	—	ADR	088606108
ITT	ITT Corp.	15,189	$3.004M	1.7%	$197.76	$45.94	—	COM	45073V108
SHEL	Shell PLC ADR	7,471	$579K	0.3%	$77.54	$55.39	—	ADR	780259305
EMR	Emerson Electric Co.	8,730	$1.25M	0.7%	$143.15	$64.97	—	COM	291011104
LNG	Cheniere Energy, Inc.	2,519	$602K	0.3%	$239.01	$172.42	—	COM	16411R208
TTTRF	Treatt PLC	72,963	$295K	0.2%	$4.04	$2.79	—	COM	G9026D113
WES	Western Midstream Partners, LP	35,672	$1.561M	0.9%	$43.76	$28.79	—	UNIT LTD PARTN	958669103
NVS	Novartis AG ADR	25,727	$4.032M	2.3%	$156.72	$97.36	—	ADR	66987V109
C	Citigroup Inc.	3,824	$535K	0.3%	$139.96	$67.74	—	COM	172967424
GUKYF	Gulf Keystone Petroleum LTD	211,075	$492K	0.3%	$2.33	$2.25	—	COM	G4209G207
MGDDY	Michelin ADR	41,823	$806K	0.5%	$19.26	$15.81	—	ADR	59410T106
NVDA	NVIDIA Corp.	3,195	$639K	0.4%	$200.09	$127.44	—	COM	67066G104
PAC	Grupo Aeroportuario Del Pacifi	11,726	$2.969M	1.7%	$253.16	$106.67	—	ADR	400506101
SIEGY	Siemens Aktiengesellschaft	2,038	$328K	0.2%	$160.91	$115.98	—	COM	826197501
—	Banco del Bajio SA	493,886	$1.6M	0.9%	$3.24	$1.78	—	COM	ACI0VM9Y9
ABNB	Airbnb Inc.	3,807	$545K	0.3%	$143.10	$127.58	—	COM	009066101
GILD	Gilead Sciences Inc	5,012	$633K	0.4%	$126.34	$58.94	—	COM	375558103
PMREF	Primaris REIT	139,909	$1.51M	0.9%	$10.79	$10.51	—	COM	74167K109
CF	CF Industries Holdings, Inc.	2,842	$308K	0.2%	$108.26	$76.14	—	COM	125269100
GTY	Getty Realty Corp.	30,749	$1.026M	0.6%	$33.36	$27.37	—	COM	374297109
ECL	Ecolab, Inc.	3,814	$1.063M	0.6%	$278.61	$165.93	—	COM	278865100
PSA	Public Storage	986	$314K	0.2%	$318.31	$260.76	—	COM	74460D109
—	Keyera Corp.	19,104	$775K	0.4%	$40.59	$25.35	—	COM	593271951
EPD	Enterprise Products Partners L	40,718	$1.497M	0.9%	$36.76	$34.26	—	UNIT LTD PARTN	293792107
AME	Ametek, Inc.	1,084	$262K	0.1%	$241.94	$171.25	—	COM	031100100
V	Visa Inc.	715	$245K	0.1%	$343.09	$299.24	—	COM	92826C839
BMY	Bristol Myers Squibb Co.	7,218	$416K	0.2%	$57.62	$49.76	—	COM	110122108
CMWAY	Commonwealth Bank of Australia	5,826	$667K	0.4%	$114.46	$74.02	—	COM	202712600
NHI	National Health Investors, Inc	4,489	$342K	0.2%	$76.26	$65.45	—	COM	63633D104
—	Credito Real Sofom ENR ⚠	917,094	$0	0.0%	$0.00	$0.79	—	COM	B8DST5905
MRNFF	Meren Energy Inc.	40,000	$54,400	0.0%	$1.36	$1.27	—	COM	588914101
—	Commonwealth Bank of Australia	7,565	$862K	0.5%	$113.96	$73.21	—	COM	621503002
LUNMF	Lundin Mining Corporation	17,445	$424K	0.2%	$24.32	$8.96	—	COM	550372106
IRMD	IRadimed Corp.	17,193	$1.643M	0.9%	$95.56	$47.31	—	COM	46266A109
OMC	Omnicom Group	4,769	$347K	0.2%	$72.83	$60.79	—	COM	681919106
VRSN	VeriSign, Inc.	1,229	$309K	0.2%	$251.56	$225.24	—	COM	92343E102
CRLBF	Cresco Labs	88,035	$73,069	0.0%	$0.83	$7.81	—	COM	22587M106
ET	Energy Transfer LP	77,078	$1.474M	0.8%	$19.12	$11.86	—	UNIT LTD PARTN	29273V100
FLS	Flowserve Corp.	3,329	$247K	0.1%	$74.16	$64.66	—	COM	34354P105
—	Precinct Properties New Zealan	405,912	$240K	0.1%	$0.59	$0.59	—	COM	q7740q104
CBSTF	Cannabist Company Holdings Inc	35,390	$4	0.0%	$0.00	$0.50	—	COM	13765Y103
—	Coats Group PLC	29,376	$30,370	0.0%	$1.03	$0.80	—	COM	B4YZN3906
ATR	AptarGroup, Inc.	10,459	$1.309M	0.7%	$125.20	$68.62	—	COM	038336103
AYRWF	AYR Wellness Inc.	12,946	$201	0.0%	$0.02	$4.36	—	COM	05475P109
—	Novolipetsk GDR	15,295	$2	0.0%	$0.00	$20.36	—	ADR	B0RTNX900
—	Indiva Limited ⚠	107,000	$0	0.0%	$0.00	$0.20	—	COM	45580J101
ROSYY	Rostelecom Long Distance ADR	46,000	$5	0.0%	$0.00	$7.57	—	ADR	778529107