Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	320,364 (+204.9%)	$50.28M (+246.0%)	20.1%	$149.74	—	TT WRLD ST ETF	922042742
WSC	WILLSCOT HLDGS CORP	187,753 (+15.0%)	$5.419M (+91.2%)	2.2%	$28.86	—	COM CL A	971378104
BND	VANGUARD BD INDEX FDS	128,896 (+37.0%)	$9.462M (+36.6%)	3.8%	$73.89	—	TOTAL BND MRKT	921937835
CVBF	CVB FINL CORP	428,089 (+3.1%)	$9.653M (+19.9%)	3.9%	$20.10	—	COM	126600105
HALO	HALOZYME THERAPEUTICS INC	76,376 (+11.9%)	$5.978M (+35.5%)	2.4%	$54.60	—	COM	40637H109
VTEC	VANGUARD CALIF TAX FREE FDS	42,692 (+41.3%)	$4.295M (+43.5%)	1.7%	$99.52	—	TAX EXEMPT BD FD	922021605
JBI	JANUS INTERNATIONAL GROUP IN	1,200,545 (+11.5%)	$6.663M (+20.2%)	2.7%	$7.41	—	COMMON STOCK	47103N106
HCI	HCI GROUP INC	35,740 (+2.0%)	$6.263M (+15.7%)	2.5%	$70.48	—	COM	40416E103
POOL	POOL CORP	5,806 (+93.5%)	$1.248M (+105.5%)	0.5%	$233.95	—	COM	73278L105
EHC	ENCOMPASS HEALTH CORP	49,721 (+6.6%)	$5.026M (+11.4%)	2.0%	$53.14	—	COM	29261A100
RYN	RAYONIER INC	297,823 (+2.7%)	$6.338M (+5.9%)	2.5%	$20.64	—	COM	754907103
HLMN	HILLMAN SOLUTIONS CORP	769,624 (+2.1%)	$6.496M (+3.6%)	2.6%	$8.48	—	COM	431636109
MZTI	MARZETTI COMPANY	40,347 (+24.0%)	$4.606M (+2.3%)	1.8%	$167.84	—	COM	513847103

Exited Positions (5)

VOO VANGUARD INDEX FDS 0.1%

Value $262K Shares 438 Est. Cost $627.20 Unrealized —

CNQ CANADIAN NAT RES LTD MED TER 0.1%

Value $195K Shares 4,000 Est. Cost $32.42 Unrealized —

ORCL ORACLE CORP 0.0%

Value $80,911 Shares 550 Est. Cost $238.05 Unrealized —

MSFT MICROSOFT CORP 0.0%

Value $11,105 Shares 30 Est. Cost $500.58 Unrealized —

TSLA TESLA INC 0.0%

Value $3,718 Shares 10 Est. Cost $443.29 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	438	$262K	0.1%	$627.20	—	—	922908363
CNQ	CANADIAN NAT RES LTD MED TER	4,000	$195K	0.1%	$32.42	—	—	136385101
ORCL	ORACLE CORP	550	$80,911	0.0%	$238.05	—	—	68389X105
MSFT	MICROSOFT CORP	30	$11,105	0.0%	$500.58	—	—	594918104
TSLA	TESLA INC	10	$3,718	0.0%	$443.29	—	—	88160R101

Decreased Positions (20)

VSH VISHAY INTERTECHNOLOGY INC 4.3%

Value $10.71M (+27.1%) Shares 199,184 (-57.5%) Est. Cost $17.83 Unrealized —

DVN DEVON ENERGY CORP NEW 1.6%

Value $3.875M (-37.0%) Shares 93,778 (-23.3%) Est. Cost $27.72 Unrealized —

AMT AMERICAN TOWER CORP 2.1%

Value $5.273M (-27.5%) Shares 32,238 (-23.5%) Est. Cost $179.05 Unrealized —

LW LAMB WESTON HLDGS INC 1.7%

Value $4.146M (-32.0%) Shares 96,022 (-33.4%) Est. Cost $65.50 Unrealized —

JJSF J & J SNACK FOODS CORP 2.1%

Value $5.176M (-25.9%) Shares 70,469 (-20.1%) Est. Cost $121.41 Unrealized —

JNJ JOHNSON & JOHNSON 2.3%

Value $5.626M (-24.3%) Shares 22,152 (-27.1%) Est. Cost $90.49 Unrealized —

VNOM VIPER ENERGY INC 2.0%

Value $4.887M (-24.5%) Shares 115,259 (-16.3%) Est. Cost $38.55 Unrealized —

AROC ARCHROCK INC 2.9%

Value $7.178M (-17.3%) Shares 176,324 (-29.3%) Est. Cost $24.62 Unrealized —

ENOV ENOVIS CORPORATION 2.1%

Value $5.228M (-21.9%) Shares 252,548 (-14.1%) Est. Cost $37.82 Unrealized —

BDX BECTON DICKINSON & CO 2.3%

Value $5.842M (-19.5%) Shares 38,603 (-16.3%) Est. Cost $194.38 Unrealized —

NFG NATIONAL FUEL GAS CO 2.0%

Value $4.964M (-20.7%) Shares 64,287 (-3.5%) Est. Cost $59.42 Unrealized —

TIC TIC SOLUTIONS INC 2.4%

Value $5.881M (+11.2%) Shares 726,992 (-9.5%) Est. Cost $11.37 Unrealized —

CMCO COLUMBUS MCKINNON CORP N Y 2.4%

Value $6.011M (-8.8%) Shares 397,294 (-12.5%) Est. Cost $22.36 Unrealized —

SLGN SILGAN HLDGS INC 2.7%

Value $6.645M (-7.8%) Shares 143,252 (-22.9%) Est. Cost $43.78 Unrealized —

HHH HOWARD HUGHES HOLDINGS INC 2.5%

Value $6.249M (+9.4%) Shares 87,412 (-3.2%) Est. Cost $74.89 Unrealized —

TRNO TERRENO RLTY CORP 2.1%

Value $5.23M (-6.1%) Shares 80,740 (-11.0%) Est. Cost $55.38 Unrealized —

KRG KITE REALTY GROUP TRUST 2.8%

Value $7.063M (+4.9%) Shares 248,864 (-9.2%) Est. Cost $23.97 Unrealized —

GVA GRANITE CONSTR INC 2.7%

Value $6.748M (+2.9%) Shares 42,688 (-21.9%) Est. Cost $38.95 Unrealized —

MP MP MATERIALS CORP 3.3%

Value $8.31M (-1.5%) Shares 148,363 (-15.1%) Est. Cost $30.44 Unrealized —

NNN NNN REIT INC 2.2%

Value $5.617M (-1.6%) Shares 120,719 (-11.1%) Est. Cost $43.07 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VSH	VISHAY INTERTECHNOLOGY INC	199,184 (-57.5%)	$10.71M (+27.1%)	4.3%	$17.83	—	COM	928298108
DVN	DEVON ENERGY CORP NEW	93,778 (-23.3%)	$3.875M (-37.0%)	1.6%	$27.72	—	COM	25179M103
AMT	AMERICAN TOWER CORP	32,238 (-23.5%)	$5.273M (-27.5%)	2.1%	$179.05	—	COM	03027X100
LW	LAMB WESTON HLDGS INC	96,022 (-33.4%)	$4.146M (-32.0%)	1.7%	$65.50	—	COM	513272104
JJSF	J & J SNACK FOODS CORP	70,469 (-20.1%)	$5.176M (-25.9%)	2.1%	$121.41	—	COM	466032109
JNJ	JOHNSON & JOHNSON	22,152 (-27.1%)	$5.626M (-24.3%)	2.3%	$90.49	—	COM	478160104
VNOM	VIPER ENERGY INC	115,259 (-16.3%)	$4.887M (-24.5%)	2.0%	$38.55	—	CL A	64361Q101
AROC	ARCHROCK INC	176,324 (-29.3%)	$7.178M (-17.3%)	2.9%	$24.62	—	COM	03957W106
ENOV	ENOVIS CORPORATION	252,548 (-14.1%)	$5.228M (-21.9%)	2.1%	$37.82	—	COM	194014502
BDX	BECTON DICKINSON & CO	38,603 (-16.3%)	$5.842M (-19.5%)	2.3%	$194.38	—	COM	075887109
NFG	NATIONAL FUEL GAS CO	64,287 (-3.5%)	$4.964M (-20.7%)	2.0%	$59.42	—	COM	636180101
TIC	TIC SOLUTIONS INC	726,992 (-9.5%)	$5.881M (+11.2%)	2.4%	$11.37	—	COM	00510N102
CMCO	COLUMBUS MCKINNON CORP N Y	397,294 (-12.5%)	$6.011M (-8.8%)	2.4%	$22.36	—	COM	199333105
SLGN	SILGAN HLDGS INC	143,252 (-22.9%)	$6.645M (-7.8%)	2.7%	$43.78	—	COM	827048109
HHH	HOWARD HUGHES HOLDINGS INC	87,412 (-3.2%)	$6.249M (+9.4%)	2.5%	$74.89	—	COM	44267T102
TRNO	TERRENO RLTY CORP	80,740 (-11.0%)	$5.23M (-6.1%)	2.1%	$55.38	—	COM	88146M101
KRG	KITE REALTY GROUP TRUST	248,864 (-9.2%)	$7.063M (+4.9%)	2.8%	$23.97	—	COM NEW	49803T300
GVA	GRANITE CONSTR INC	42,688 (-21.9%)	$6.748M (+2.9%)	2.7%	$38.95	—	COM	387328107
MP	MP MATERIALS CORP	148,363 (-15.1%)	$8.31M (-1.5%)	3.3%	$30.44	—	COM CL A	553368101
NNN	NNN REIT INC	120,719 (-11.1%)	$5.617M (-1.6%)	2.2%	$43.07	—	COM	637417106