Douglass Winthrop Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VCISY	VINCI S A ADR	70,389	$2,478	0.0%	$35.20	—	COM	927320101
DASTY	DASSAULT SYS S A SPONSORED ADR	87,451	$2,442	0.0%	$27.92	—	COM	237545108
—	INVESCO NASDAQ 100 ETF	4,150	$1,050	0.0%	$252.92	—	COM	46138g649
SREMF	SUNRISE ENERGY METALS LTD	122,250	$644	0.0%	$3.74	0.0%	COM	Q8804B108
UL	UNILEVER PLC SPON ADR NEW	8,167	$534	0.0%	$65.40	—	COM	904767803
BND	VANGUARD TOTAL BOND MARKET ETF	6,452	$478	0.0%	$74.07	—	COM	921937835
VIK	VIKING HOLDINGS LTD	6,350	$453	0.0%	$63.81	0.0%	COM	G93A5A101
ADI	ANALOG DEVICES INC	1,567	$425	0.0%	$250.62	0.0%	COM	032654105
—	TOTALENERGIES SE -SPON ADR	6,400	$419	0.0%	$65.42	—	COM	f92124100
—	GLOBAL X SILVER MINERS ETF	4,750	$397	0.0%	$83.52	—	COM	37954y848
PH	PARKER-HANNIFIN CORP COM	443	$389	0.0%	$817.77	0.0%	COM	701094104
—	AMERICAN OVERSEAS ORDF	240	$312	0.0%	$1300.00	—	COM	g54624203
EMR	EMERSON ELEC CO	2,015	$267	0.0%	$132.37	0.0%	COM	291011104
PLTR	Palantir Technologies, Inc.	1,491	$265	0.0%	$181.03	0.0%	COM	69608A108
Q	QNITY ELECTRONICS INC COMMON S	3,035	$248	0.0%	$84.91	0.0%	COM	74743L100
—	ISHARES MSCI CHINA ETF	4,060	$244	0.0%	$60.07	—	COM	46429b671
USB	US BANCORP DEL COM NEW	4,544	$242	0.0%	$48.72	0.0%	COM	902973304
AMD	ADVANCED MICRO DEVICE IN	1,126	$241	0.0%	$224.60	0.0%	COM	007903107
SILJ	AMPLIFY JUNIOR SILVER MINERS	8,000	$221	0.0%	$27.67	—	COM	032108649
STT	STATE STR CORP	1,703	$220	0.0%	$118.97	0.0%	COM	857477103
—	MPLX LP LP	3,800	$203	0.0%	$53.37	—	COM	55336v100

Increased Positions (95)

— NETFLIX INC 1.3%

Value ($000) $75,513 (-49.7%) Shares 805,385 (+543.3%) Est. Cost $154.87 Unrealized —

MTD METTLER-TOLEDO INTL INC 1.2%

Value ($000) $67,274 (+5680.7%) Shares 48,253 (+4990.0%) Est. Cost $1382.62 Unrealized +1.0%

GOOGL ALPHABET INC-CL A 2.4%

Value ($000) $138,509 (+34.2%) Shares 442,520 (+4.3%) Est. Cost $125.68 Unrealized +127.2%

CPNG COUPANG INC 1.2%

Value ($000) $70,931 (+59.6%) Shares 3,006,825 (+117.8%) Est. Cost $27.93 Unrealized +1.9%

LIN Linde PLC 1.5%

Value ($000) $86,966 (+34.2%) Shares 203,958 (+49.5%) Est. Cost $455.65 Unrealized -6.2%

DE DEERE & CO 2.6%

Value ($000) $149,459 (+5.6%) Shares 321,024 (+3.7%) Est. Cost $199.48 Unrealized +134.5%

— TEXAS PACIFIC LAND CORP 1.7%

Value ($000) $95,107 (-6.6%) Shares 331,128 (+203.8%) Est. Cost $479.70 Unrealized —

MSFT MICROSOFT CORP 5.9%

Value ($000) $336,542 (-1.3%) Shares 695,882 (+5.8%) Est. Cost $102.33 Unrealized +389.2%

LLY ELI LILLY AND CO 0.2%

Value ($000) $10,952 (+47.2%) Shares 10,191 (+4.5%) Est. Cost $291.73 Unrealized +227.6%

UNP UNION PAC CORP 0.1%

Value ($000) $8,150 (+47.3%) Shares 35,234 (+50.5%) Est. Cost $179.86 Unrealized +26.4%

VOO VANGUARD INDEX FDS S&P 500 ETF 0.1%

Value ($000) $6,640 (+46.1%) Shares 10,588 (+42.7%) Est. Cost $487.46 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.1%

Value ($000) $4,483 (+85.8%) Shares 121,173 (+96.8%) Est. Cost $48.06 Unrealized -24.7%

— JPMORGAN CHASE & CO 0.4%

Value ($000) $22,672 (+8.6%) Shares 70,363 (+6.3%) Est. Cost $113.12 Unrealized —

TJX TJX COS INC NEW 0.2%

Value ($000) $10,270 (+19.8%) Shares 66,856 (+12.7%) Est. Cost $58.60 Unrealized +152.0%

V VISA INC-CLASS A SHARES 0.4%

Value ($000) $20,228 (+7.9%) Shares 57,678 (+5.0%) Est. Cost $214.38 Unrealized +58.8%

MELI MERCADOLIBRE INC 0.2%

Value ($000) $9,679 (-12.8%) Shares 4,805 (+1.1%) Est. Cost $1712.37 Unrealized +22.7%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $13,578 (+10.8%) Shares 112,831 (+3.8%) Est. Cost $65.48 Unrealized +76.4%

ORCL ORACLE CORP COM 0.0%

Value ($000) $2,725 (-28.6%) Shares 13,980 (+3.0%) Est. Cost $218.21 Unrealized +9.1%

HD HOME DEPOT INC 0.1%

Value ($000) $8,037 (-11.3%) Shares 23,357 (+4.4%) Est. Cost $148.46 Unrealized +145.6%

CAT CATERPILLAR INC 0.1%

Value ($000) $5,184 (+23.2%) Shares 9,049 (+2.6%) Est. Cost $92.50 Unrealized +500.6%

WMT WALMART INC 0.1%

Value ($000) $7,438 (+9.9%) Shares 66,764 (+1.6%) Est. Cost $51.09 Unrealized +109.8%

SPY SPDR S&P 500 ETF TR TR UNIT 0.3%

Value ($000) $14,367 (+4.6%) Shares 21,068 (+2.2%) Est. Cost $537.19 Unrealized —

— GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $4,344 (+14.6%) Shares 4,942 (+3.8%) Est. Cost $368.52 Unrealized —

— BROADCOM INC 0.1%

Value ($000) $5,593 (+10.7%) Shares 16,160 (+5.6%) Est. Cost $259.27 Unrealized —

GLD SPDR GOLD TRUST 0.0%

Value ($000) $2,291 (+22.6%) Shares 5,782 (+10.0%) Est. Cost $224.29 Unrealized —

BAC BANK OF AMERICA CORP 0.0%

Value ($000) $2,607 (+18.5%) Shares 47,404 (+11.1%) Est. Cost $46.51 Unrealized +13.2%

WAB WABTEC 0.1%

Value ($000) $4,303 (+10.4%) Shares 20,160 (+3.7%) Est. Cost $193.93 Unrealized +5.9%

CARR CARRIER GLOBAL CORP 0.1%

Value ($000) $4,457 (-8.0%) Shares 84,347 (+3.9%) Est. Cost $56.57 Unrealized -1.8%

— META PLATFORMS INC CLASS A 0.1%

Value ($000) $6,129 (-5.9%) Shares 9,285 (+4.7%) Est. Cost $405.61 Unrealized —

— AMERIPRISE FINL INC 0.0%

Value ($000) $1,619 (+28.4%) Shares 3,302 (+28.7%) Est. Cost $463.34 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.0%

Value ($000) $1,142 (+42.1%) Shares 2,016 (+12.2%) Est. Cost $353.33 Unrealized +50.7%

— SALESFORCE INC 0.0%

Value ($000) $2,625 (+14.0%) Shares 9,910 (+2.0%) Est. Cost $74.97 Unrealized —

MCD MCDONALD'S CORP 0.1%

Value ($000) $7,953 (+4.2%) Shares 26,021 (+3.6%) Est. Cost $189.60 Unrealized +60.9%

— HCA HEALTHCARE INC 0.0%

Value ($000) $567 (+104.0%) Shares 1,214 (+86.2%) Est. Cost $445.02 Unrealized —

— SHOPIFY INC F CLASS A 0.1%

Value ($000) $3,012 (+10.3%) Shares 18,712 (+1.9%) Est. Cost $78.65 Unrealized —

— SERVICENOW INC 0.0%

Value ($000) $1,508 (-15.3%) Shares 9,845 (+408.8%) Est. Cost $215.63 Unrealized —

SNPS SYNOPSYS INC 0.1%

Value ($000) $6,434 (+4.4%) Shares 13,698 (+9.6%) Est. Cost $534.72 Unrealized -16.9%

GDX VANECK ETF TR GOLD MINERS ETF 0.0%

Value ($000) $778 (+45.0%) Shares 9,075 (+29.2%) Est. Cost $78.52 Unrealized —

— ABBVIE INC 0.2%

Value ($000) $12,040 (+2.0%) Shares 52,693 (+3.4%) Est. Cost $156.76 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $6,481 (+3.8%) Shares 45,159 (+1.6%) Est. Cost $95.50 Unrealized +52.8%

GE GE AEROSPACE 0.0%

Value ($000) $2,626 (+9.7%) Shares 8,525 (+7.2%) Est. Cost $185.66 Unrealized +62.0%

EFA ISHARES MSCI EAFE ETF 0.0%

Value ($000) $2,485 (+9.7%) Shares 25,873 (+6.6%) Est. Cost $87.90 Unrealized —

GDXJ VANECK JUNIOR GOLD MINERS 0.0%

Value ($000) $529 (+69.6%) Shares 4,650 (+47.6%) Est. Cost $103.79 Unrealized —

FMCXF FORAN MINING CORPORATION 0.0%

Value ($000) $472 (+80.8%) Shares 128,175 (+38.0%) Est. Cost $2.46 Unrealized +16.0%

MDY SPDR S&P MIDCAP 400 ETF TRST 0.0%

Value ($000) $845 (+31.9%) Shares 1,400 (+30.4%) Est. Cost $498.15 Unrealized —

AMLP ALPS ETF TR ALERIAN MLP ETF NE 0.0%

Value ($000) $705 (+39.8%) Shares 15,000 (+39.5%) Est. Cost $45.32 Unrealized —

— GE VERNOVA INC 0.0%

Value ($000) $1,430 (+15.3%) Shares 2,188 (+8.5%) Est. Cost $429.74 Unrealized —

— RTX CORP 0.0%

Value ($000) $1,490 (+13.9%) Shares 8,127 (+3.9%) Est. Cost $113.37 Unrealized —

WM WASTE MANAGEMENT INC 0.2%

Value ($000) $9,499 (+1.9%) Shares 43,237 (+2.4%) Est. Cost $124.54 Unrealized +70.7%

APO APOLLO GLOBAL MGMT INC NEW COM 0.0%

Value ($000) $450 (+62.5%) Shares 3,106 (+49.6%) Est. Cost $146.46 Unrealized -9.5%

PGR PROGRESSIVE CORP OH 0.0%

Value ($000) $489 (+52.8%) Shares 2,148 (+65.7%) Est. Cost $210.97 Unrealized +0.7%

— AMERICAN TOWER CORP 1.6%

Value ($000) $89,345 (+0.2%) Shares 508,885 (+9.7%) Est. Cost $212.89 Unrealized —

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $2,355 (+7.5%) Shares 29,339 (+1.1%) Est. Cost $62.56 Unrealized +31.9%

— INTERCONTINENTAL EXCHANG 0.0%

Value ($000) $1,004 (+18.9%) Shares 6,196 (+23.7%) Est. Cost $142.31 Unrealized —

ATXRF ATEX RES INC COM 0.0%

Value ($000) $395 (+66.0%) Shares 163,250 (+25.6%) Est. Cost $1.83 Unrealized +6.2%

CSCO Cisco Systems Inc 0.0%

Value ($000) $1,105 (+16.2%) Shares 14,344 (+3.2%) Est. Cost $41.09 Unrealized +79.6%

INTU INTUIT INC 0.1%

Value ($000) $8,462 (-1.6%) Shares 12,774 (+1.4%) Est. Cost $469.68 Unrealized +40.7%

— EATON CORP PLC F 0.0%

Value ($000) $832 (-13.9%) Shares 2,613 (+1.2%) Est. Cost $174.56 Unrealized —

PFE PFIZER INC 0.0%

Value ($000) $1,289 (+11.0%) Shares 51,767 (+13.6%) Est. Cost $25.03 Unrealized +0.0%

TLT ISHARES TR 20 YR TREAS BD ETF 0.0%

Value ($000) $349 (+56.0%) Shares 4,000 (+60.0%) Est. Cost $88.54 Unrealized —

NVS NOVARTIS AG-SPONSORED ADR 0.0%

Value ($000) $1,356 (+9.7%) Shares 9,838 (+2.1%) Est. Cost $107.12 Unrealized —

IVV ISHARES CORE S&P 500 ETF IV 0.0%

Value ($000) $1,260 (+10.4%) Shares 1,839 (+7.9%) Est. Cost $670.45 Unrealized —

MS MORGAN STANLEY COM NEW 0.0%

Value ($000) $950 (+13.7%) Shares 5,350 (+1.8%) Est. Cost $49.57 Unrealized +235.8%

— CENTRAL SECURITIES CF 0.1%

Value ($000) $3,014 (+3.6%) Shares 59,439 (+4.9%) Est. Cost $46.06 Unrealized —

ARCC ARES CAP CORP COM 0.0%

Value ($000) $417 (+31.1%) Shares 20,628 (+32.3%) Est. Cost $16.93 Unrealized +16.9%

SCHW CHARLES SCHWAB CORP 0.0%

Value ($000) $629 (+18.2%) Shares 6,294 (+12.9%) Est. Cost $74.36 Unrealized +27.4%

JCI JOHNSON CTLS INTL PLC SHS ISIN 0.0%

Value ($000) $435 (+28.3%) Shares 3,632 (+17.8%) Est. Cost $108.06 Unrealized +6.2%

— BLACKSTONE INC 0.0%

Value ($000) $2,339 (-3.8%) Shares 15,172 (+6.7%) Est. Cost $87.21 Unrealized —

EXE EXPAND ENERGY CORP 0.0%

Value ($000) $303 (+42.8%) Shares 2,750 (+37.5%) Est. Cost $103.63 Unrealized +6.8%

— IDEXX LABS INC 0.0%

Value ($000) $1,124 (+8.7%) Shares 1,662 (+2.7%) Est. Cost $293.52 Unrealized —

PRU PRUDENTIAL FINL INC 0.0%

Value ($000) $498 (+19.6%) Shares 4,412 (+9.9%) Est. Cost $103.53 Unrealized +2.9%

GUNR FLEXSHARES TR MORNINGSTAR GLOB 0.0%

Value ($000) $755 (+10.6%) Shares 16,466 (+5.6%) Est. Cost $43.89 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ET 0.0%

Value ($000) $996 (+7.8%) Shares 2,971 (+5.5%) Est. Cost $305.57 Unrealized —

GWW GRAINGER W W INC 0.0%

Value ($000) $410 (+21.1%) Shares 406 (+14.4%) Est. Cost $741.25 Unrealized +30.7%

DIS WALT DISNEY CO/THE 0.0%

Value ($000) $2,525 (+2.7%) Shares 22,190 (+3.4%) Est. Cost $102.23 Unrealized +7.1%

NOC NORTHROP GRUMMAN CORP 0.0%

Value ($000) $1,817 (-3.1%) Shares 3,186 (+3.6%) Est. Cost $210.93 Unrealized +174.4%

BA BOEING CO 0.0%

Value ($000) $1,030 (+5.6%) Shares 4,745 (+5.0%) Est. Cost $195.27 Unrealized +5.3%

VRSK VERISK ANALYTICS INC 0.1%

Value ($000) $3,310 (+1.6%) Shares 14,795 (+14.2%) Est. Cost $245.23 Unrealized -8.1%

ARKB ARK 21SHARES BITCOIN ETF SHS B 0.0%

Value ($000) $354 (+16.5%) Shares 12,200 (+52.5%) Est. Cost $34.93 Unrealized —

QCOM QUALCOMM INC 0.0%

Value ($000) $405 (+13.2%) Shares 2,367 (+10.1%) Est. Cost $98.75 Unrealized +73.0%

— UNITEDHEALTH GROUP INC 0.0%

Value ($000) $634 (+7.5%) Shares 1,922 (+12.4%) Est. Cost $503.24 Unrealized —

NTRS NORTHERN TRUST CORP 0.0%

Value ($000) $1,121 (+4.1%) Shares 8,206 (+2.6%) Est. Cost $46.41 Unrealized +181.7%

SHEL SHELL PLC-ADR 0.0%

Value ($000) $577 (+8.0%) Shares 7,852 (+5.2%) Est. Cost $71.63 Unrealized —

LH LABCORP HLDGS INC 0.0%

Value ($000) $445 (+9.4%) Shares 1,773 (+25.1%) Est. Cost $213.42 Unrealized +24.2%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $858 (+4.0%) Shares 1,774 (+7.4%) Est. Cost $347.33 Unrealized +37.1%

OKE Oneok Inc 0.0%

Value ($000) $768 (+4.2%) Shares 10,455 (+3.5%) Est. Cost $41.16 Unrealized +71.2%

IGF ISHARES GLOBAL INFRASTRUCTURE 0.0%

Value ($000) $357 (+8.3%) Shares 5,825 (+7.9%) Est. Cost $61.14 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $945 (-2.0%) Shares 3,837 (+3.8%) Est. Cost $187.88 Unrealized +31.8%

— COMCAST CORP NEW CLASS A 0.0%

Value ($000) $628 (-2.7%) Shares 21,017 (+2.3%) Est. Cost $30.63 Unrealized —

— ADOBE INC 0.0%

Value ($000) $570 (+3.0%) Shares 1,630 (+3.8%) Est. Cost $352.33 Unrealized —

ABT ABBOTT LABORATORIES 0.1%

Value ($000) $6,039 (-0.2%) Shares 48,201 (+6.6%) Est. Cost $64.73 Unrealized +96.7%

AWK AMERICAN WTR WKS CO INC 0.0%

Value ($000) $255 (-4.5%) Shares 1,955 (+1.9%) Est. Cost $120.92 Unrealized +10.1%

XLK SELECT SECTOR SPDR TR TECHNOLO 0.0%

Value ($000) $457 (+2.2%) Shares 3,172 (+100.0%) Est. Cost $179.84 Unrealized —

— BROOKFIELD CORP F CLASS A 0.0%

Value ($000) $235 (+0.5%) Shares 5,101 (+50.1%) Est. Cost $52.48 Unrealized —

CVX CHEVRON CORP NEW 0.1%

Value ($000) $3,701 (-0.0%) Shares 24,286 (+1.9%) Est. Cost $94.54 Unrealized +60.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NETFLIX INC	805,385 (+543.3%)	$75,513 (-49.7%)	1.3%	$154.87	—	COM	64110l106
MTD	METTLER-TOLEDO INTL INC	48,253 (+4990.0%)	$67,274 (+5680.7%)	1.2%	$1382.62	+1.0%	COM	592688105
GOOGL	ALPHABET INC-CL A	442,520 (+4.3%)	$138,509 (+34.2%)	2.4%	$125.68	+127.2%	COM	02079K305
CPNG	COUPANG INC	3,006,825 (+117.8%)	$70,931 (+59.6%)	1.2%	$27.93	+1.9%	COM	22266T109
LIN	Linde PLC	203,958 (+49.5%)	$86,966 (+34.2%)	1.5%	$455.65	-6.2%	COM	G54950103
DE	DEERE & CO	321,024 (+3.7%)	$149,459 (+5.6%)	2.6%	$199.48	+134.5%	COM	244199105
—	TEXAS PACIFIC LAND CORP	331,128 (+203.8%)	$95,107 (-6.6%)	1.7%	$479.70	—	COM	88262p102
MSFT	MICROSOFT CORP	695,882 (+5.8%)	$336,542 (-1.3%)	5.9%	$102.33	+389.2%	COM	594918104
LLY	ELI LILLY AND CO	10,191 (+4.5%)	$10,952 (+47.2%)	0.2%	$291.73	+227.6%	COM	532457108
UNP	UNION PAC CORP	35,234 (+50.5%)	$8,150 (+47.3%)	0.1%	$179.86	+26.4%	COM	907818108
VOO	VANGUARD INDEX FDS S&P 500 ETF	10,588 (+42.7%)	$6,640 (+46.1%)	0.1%	$487.46	—	COM	922908363
CMG	CHIPOTLE MEXICAN GRILL INC	121,173 (+96.8%)	$4,483 (+85.8%)	0.1%	$48.06	-24.7%	COM	169656105
—	JPMORGAN CHASE & CO	70,363 (+6.3%)	$22,672 (+8.6%)	0.4%	$113.12	—	COM	46625h100
TJX	TJX COS INC NEW	66,856 (+12.7%)	$10,270 (+19.8%)	0.2%	$58.60	+152.0%	COM	872540109
V	VISA INC-CLASS A SHARES	57,678 (+5.0%)	$20,228 (+7.9%)	0.4%	$214.38	+58.8%	COM	92826C839
MELI	MERCADOLIBRE INC	4,805 (+1.1%)	$9,679 (-12.8%)	0.2%	$1712.37	+22.7%	COM	58733R102
XOM	EXXON MOBIL CORP	112,831 (+3.8%)	$13,578 (+10.8%)	0.2%	$65.48	+76.4%	COM	30231G102
ORCL	ORACLE CORP COM	13,980 (+3.0%)	$2,725 (-28.6%)	0.0%	$218.21	+9.1%	COM	68389X105
HD	HOME DEPOT INC	23,357 (+4.4%)	$8,037 (-11.3%)	0.1%	$148.46	+145.6%	COM	437076102
CAT	CATERPILLAR INC	9,049 (+2.6%)	$5,184 (+23.2%)	0.1%	$92.50	+500.6%	COM	149123101
WMT	WALMART INC	66,764 (+1.6%)	$7,438 (+9.9%)	0.1%	$51.09	+109.8%	COM	931142103
SPY	SPDR S&P 500 ETF TR TR UNIT	21,068 (+2.2%)	$14,367 (+4.6%)	0.3%	$537.19	—	COM	78462F103
—	GOLDMAN SACHS GROUP INC	4,942 (+3.8%)	$4,344 (+14.6%)	0.1%	$368.52	—	COM	38141g104
—	BROADCOM INC	16,160 (+5.6%)	$5,593 (+10.7%)	0.1%	$259.27	—	COM	11135f101
GLD	SPDR GOLD TRUST	5,782 (+10.0%)	$2,291 (+22.6%)	0.0%	$224.29	—	COM	78463V107
BAC	BANK OF AMERICA CORP	47,404 (+11.1%)	$2,607 (+18.5%)	0.0%	$46.51	+13.2%	COM	060505104
WAB	WABTEC	20,160 (+3.7%)	$4,303 (+10.4%)	0.1%	$193.93	+5.9%	COM	929740108
CARR	CARRIER GLOBAL CORP	84,347 (+3.9%)	$4,457 (-8.0%)	0.1%	$56.57	-1.8%	COM	14448C104
—	META PLATFORMS INC CLASS A	9,285 (+4.7%)	$6,129 (-5.9%)	0.1%	$405.61	—	COM	30303m102
—	AMERIPRISE FINL INC	3,302 (+28.7%)	$1,619 (+28.4%)	0.0%	$463.34	—	COM	03076c106
ISRG	INTUITIVE SURGICAL INC	2,016 (+12.2%)	$1,142 (+42.1%)	0.0%	$353.33	+50.7%	COM	46120E602
—	SALESFORCE INC	9,910 (+2.0%)	$2,625 (+14.0%)	0.0%	$74.97	—	COM	79466l302
MCD	MCDONALD'S CORP	26,021 (+3.6%)	$7,953 (+4.2%)	0.1%	$189.60	+60.9%	COM	580135101
—	HCA HEALTHCARE INC	1,214 (+86.2%)	$567 (+104.0%)	0.0%	$445.02	—	COM	40412c101
—	SHOPIFY INC F CLASS A	18,712 (+1.9%)	$3,012 (+10.3%)	0.1%	$78.65	—	COM	82509l107
—	SERVICENOW INC	9,845 (+408.8%)	$1,508 (-15.3%)	0.0%	$215.63	—	COM	81762p102
SNPS	SYNOPSYS INC	13,698 (+9.6%)	$6,434 (+4.4%)	0.1%	$534.72	-16.9%	COM	871607107
GDX	VANECK ETF TR GOLD MINERS ETF	9,075 (+29.2%)	$778 (+45.0%)	0.0%	$78.52	—	COM	92189F106
—	ABBVIE INC	52,693 (+3.4%)	$12,040 (+2.0%)	0.2%	$156.76	—	COM	00287y109
PEP	PEPSICO INC	45,159 (+1.6%)	$6,481 (+3.8%)	0.1%	$95.50	+52.8%	COM	713448108
GE	GE AEROSPACE	8,525 (+7.2%)	$2,626 (+9.7%)	0.0%	$185.66	+62.0%	COM	369604301
EFA	ISHARES MSCI EAFE ETF	25,873 (+6.6%)	$2,485 (+9.7%)	0.0%	$87.90	—	COM	464287465
GDXJ	VANECK JUNIOR GOLD MINERS	4,650 (+47.6%)	$529 (+69.6%)	0.0%	$103.79	—	COM	92189F791
FMCXF	FORAN MINING CORPORATION	128,175 (+38.0%)	$472 (+80.8%)	0.0%	$2.46	+16.0%	COM	344911201
MDY	SPDR S&P MIDCAP 400 ETF TRST	1,400 (+30.4%)	$845 (+31.9%)	0.0%	$498.15	—	COM	78467Y107
AMLP	ALPS ETF TR ALERIAN MLP ETF NE	15,000 (+39.5%)	$705 (+39.8%)	0.0%	$45.32	—	COM	00162Q452
—	GE VERNOVA INC	2,188 (+8.5%)	$1,430 (+15.3%)	0.0%	$429.74	—	COM	36828a101
—	RTX CORP	8,127 (+3.9%)	$1,490 (+13.9%)	0.0%	$113.37	—	COM	75513e101
WM	WASTE MANAGEMENT INC	43,237 (+2.4%)	$9,499 (+1.9%)	0.2%	$124.54	+70.7%	COM	94106L109
APO	APOLLO GLOBAL MGMT INC NEW COM	3,106 (+49.6%)	$450 (+62.5%)	0.0%	$146.46	-9.5%	COM	03769M106
PGR	PROGRESSIVE CORP OH	2,148 (+65.7%)	$489 (+52.8%)	0.0%	$210.97	+0.7%	COM	743315103
—	AMERICAN TOWER CORP	508,885 (+9.7%)	$89,345 (+0.2%)	1.6%	$212.89	—	COM	03027x100
NEE	NEXTERA ENERGY INC	29,339 (+1.1%)	$2,355 (+7.5%)	0.0%	$62.56	+31.9%	COM	65339F101
—	INTERCONTINENTAL EXCHANG	6,196 (+23.7%)	$1,004 (+18.9%)	0.0%	$142.31	—	COM	45866f104
ATXRF	ATEX RES INC COM	163,250 (+25.6%)	$395 (+66.0%)	0.0%	$1.83	+6.2%	COM	04681A105
CSCO	Cisco Systems Inc	14,344 (+3.2%)	$1,105 (+16.2%)	0.0%	$41.09	+79.6%	COM	17275R102
INTU	INTUIT INC	12,774 (+1.4%)	$8,462 (-1.6%)	0.1%	$469.68	+40.7%	COM	461202103
—	EATON CORP PLC F	2,613 (+1.2%)	$832 (-13.9%)	0.0%	$174.56	—	COM	g29183103
PFE	PFIZER INC	51,767 (+13.6%)	$1,289 (+11.0%)	0.0%	$25.03	+0.0%	COM	717081103
TLT	ISHARES TR 20 YR TREAS BD ETF	4,000 (+60.0%)	$349 (+56.0%)	0.0%	$88.54	—	COM	464287432
NVS	NOVARTIS AG-SPONSORED ADR	9,838 (+2.1%)	$1,356 (+9.7%)	0.0%	$107.12	—	COM	66987V109
IVV	ISHARES CORE S&P 500 ETF IV	1,839 (+7.9%)	$1,260 (+10.4%)	0.0%	$670.45	—	COM	464287200
MS	MORGAN STANLEY COM NEW	5,350 (+1.8%)	$950 (+13.7%)	0.0%	$49.57	+235.8%	COM	617446448
—	CENTRAL SECURITIES CF	59,439 (+4.9%)	$3,014 (+3.6%)	0.1%	$46.06	—	COM	155123102
ARCC	ARES CAP CORP COM	20,628 (+32.3%)	$417 (+31.1%)	0.0%	$16.93	+16.9%	COM	04010L103
SCHW	CHARLES SCHWAB CORP	6,294 (+12.9%)	$629 (+18.2%)	0.0%	$74.36	+27.4%	COM	808513105
JCI	JOHNSON CTLS INTL PLC SHS ISIN	3,632 (+17.8%)	$435 (+28.3%)	0.0%	$108.06	+6.2%	COM	G51502105
—	BLACKSTONE INC	15,172 (+6.7%)	$2,339 (-3.8%)	0.0%	$87.21	—	COM	09260d107
EXE	EXPAND ENERGY CORP	2,750 (+37.5%)	$303 (+42.8%)	0.0%	$103.63	+6.8%	COM	165167735
—	IDEXX LABS INC	1,662 (+2.7%)	$1,124 (+8.7%)	0.0%	$293.52	—	COM	45168d104
PRU	PRUDENTIAL FINL INC	4,412 (+9.9%)	$498 (+19.6%)	0.0%	$103.53	+2.9%	COM	744320102
GUNR	FLEXSHARES TR MORNINGSTAR GLOB	16,466 (+5.6%)	$755 (+10.6%)	0.0%	$43.89	—	COM	33939L407
VTI	VANGUARD TOTAL STOCK MARKET ET	2,971 (+5.5%)	$996 (+7.8%)	0.0%	$305.57	—	COM	922908769
GWW	GRAINGER W W INC	406 (+14.4%)	$410 (+21.1%)	0.0%	$741.25	+30.7%	COM	384802104
DIS	WALT DISNEY CO/THE	22,190 (+3.4%)	$2,525 (+2.7%)	0.0%	$102.23	+7.1%	COM	254687106
NOC	NORTHROP GRUMMAN CORP	3,186 (+3.6%)	$1,817 (-3.1%)	0.0%	$210.93	+174.4%	COM	666807102
BA	BOEING CO	4,745 (+5.0%)	$1,030 (+5.6%)	0.0%	$195.27	+5.3%	COM	097023105
VRSK	VERISK ANALYTICS INC	14,795 (+14.2%)	$3,310 (+1.6%)	0.1%	$245.23	-8.1%	COM	92345Y106
ARKB	ARK 21SHARES BITCOIN ETF SHS B	12,200 (+52.5%)	$354 (+16.5%)	0.0%	$34.93	—	COM	040919102
QCOM	QUALCOMM INC	2,367 (+10.1%)	$405 (+13.2%)	0.0%	$98.75	+73.0%	COM	747525103
—	UNITEDHEALTH GROUP INC	1,922 (+12.4%)	$634 (+7.5%)	0.0%	$503.24	—	COM	91324p102
NTRS	NORTHERN TRUST CORP	8,206 (+2.6%)	$1,121 (+4.1%)	0.0%	$46.41	+181.7%	COM	665859104
SHEL	SHELL PLC-ADR	7,852 (+5.2%)	$577 (+8.0%)	0.0%	$71.63	—	COM	780259305
LH	LABCORP HLDGS INC	1,773 (+25.1%)	$445 (+9.4%)	0.0%	$213.42	+24.2%	COM	504922105
LMT	LOCKHEED MARTIN CORP	1,774 (+7.4%)	$858 (+4.0%)	0.0%	$347.33	+37.1%	COM	539830109
OKE	Oneok Inc	10,455 (+3.5%)	$768 (+4.2%)	0.0%	$41.16	+71.2%	COM	682680103
IGF	ISHARES GLOBAL INFRASTRUCTURE	5,825 (+7.9%)	$357 (+8.3%)	0.0%	$61.14	—	COM	464288372
ITW	ILLINOIS TOOL WKS INC	3,837 (+3.8%)	$945 (-2.0%)	0.0%	$187.88	+31.8%	COM	452308109
—	COMCAST CORP NEW CLASS A	21,017 (+2.3%)	$628 (-2.7%)	0.0%	$30.63	—	COM	20030n101
—	ADOBE INC	1,630 (+3.8%)	$570 (+3.0%)	0.0%	$352.33	—	COM	00724f101
ABT	ABBOTT LABORATORIES	48,201 (+6.6%)	$6,039 (-0.2%)	0.1%	$64.73	+96.7%	COM	002824100
AWK	AMERICAN WTR WKS CO INC	1,955 (+1.9%)	$255 (-4.5%)	0.0%	$120.92	+10.1%	COM	030420103
XLK	SELECT SECTOR SPDR TR TECHNOLO	3,172 (+100.0%)	$457 (+2.2%)	0.0%	$179.84	—	COM	81369Y803
—	BROOKFIELD CORP F CLASS A	5,101 (+50.1%)	$235 (+0.5%)	0.0%	$52.48	—	COM	11271j107
CVX	CHEVRON CORP NEW	24,286 (+1.9%)	$3,701 (-0.0%)	0.1%	$94.54	+60.1%	COM	166764100

Exited Positions (17)

WSC WILLSCOT HOLDINGS CORP 0.0%

Value ($000) $2,339 Shares 110,812 Est. Cost $39.34 Unrealized -48.7%

— UNILEVER PLC-SPONSORED ADR 0.0%

Value ($000) $545 Shares 9,190 Est. Cost $52.24 Unrealized —

JBGS JBG SMITH PPTYS COM 0.0%

Value ($000) $529 Shares 23,778 Est. Cost $18.59 Unrealized —

DKNG DRAFTKINGS INC NEW CL A 0.0%

Value ($000) $518 Shares 13,850 Est. Cost $41.43 Unrealized -20.6%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $402 Shares 2,188 Est. Cost $162.80 Unrealized +4.9%

— TOTALENERGIES SE -SPON ADR 0.0%

Value ($000) $382 Shares 6,400 Est. Cost $67.34 Unrealized —

— CHENIERE ENERGY INC 0.0%

Value ($000) $376 Shares 1,600 Est. Cost $214.87 Unrealized —

RBLX ROBLOX CORP CLASS A 0.0%

Value ($000) $319 Shares 2,300 Est. Cost $78.55 Unrealized +35.2%

NFRA FLEXSHARES STOX GLOBAL BROAD I 0.0%

Value ($000) $316 Shares 5,027 Est. Cost $62.92 Unrealized —

— INVSC QQQ TRUST SRS 1 ETF 0.0%

Value ($000) $262 Shares 437 Est. Cost $479.11 Unrealized —

— EOG RES INC 0.0%

Value ($000) $236 Shares 2,101 Est. Cost $122.58 Unrealized —

SONY SONY GROUP CORP AMERN SH NEW 0.0%

Value ($000) $224 Shares 7,775 Est. Cost $25.39 Unrealized —

VWO VANGUARD FTSE EMERGING MARK ET 0.0%

Value ($000) $221 Shares 4,072 Est. Cost $54.18 Unrealized —

— HP INC 0.0%

Value ($000) $218 Shares 8,000 Est. Cost $27.23 Unrealized —

— DUKE ENERGY CORP NEW 0.0%

Value ($000) $211 Shares 1,703 Est. Cost $123.75 Unrealized —

HSY HERSHEY CO 0.0%

Value ($000) $208 Shares 1,113 Est. Cost $87.56 Unrealized +108.0%

OGS One Gas Inc 0.0%

Value ($000) $202 Shares 2,500 Est. Cost $74.90 Unrealized +7.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WSC	WILLSCOT HOLDINGS CORP	110,812	$2,339	0.0%	$39.34	-48.7%	—	971378104
—	UNILEVER PLC-SPONSORED ADR	9,190	$545	0.0%	$52.24	—	—	904767704
JBGS	JBG SMITH PPTYS COM	23,778	$529	0.0%	$18.59	—	—	46590V100
DKNG	DRAFTKINGS INC NEW CL A	13,850	$518	0.0%	$41.43	-20.6%	—	26142V105
TXN	TEXAS INSTRS INC	2,188	$402	0.0%	$162.80	+4.9%	—	882508104
—	TOTALENERGIES SE -SPON ADR	6,400	$382	0.0%	$67.34	—	—	89151E109
—	CHENIERE ENERGY INC	1,600	$376	0.0%	$214.87	—	—	16411r208
RBLX	ROBLOX CORP CLASS A	2,300	$319	0.0%	$78.55	+35.2%	—	771049103
NFRA	FLEXSHARES STOX GLOBAL BROAD I	5,027	$316	0.0%	$62.92	—	—	33939L795
—	INVSC QQQ TRUST SRS 1 ETF	437	$262	0.0%	$479.11	—	—	46090e103
—	EOG RES INC	2,101	$236	0.0%	$122.58	—	—	26875p101
SONY	SONY GROUP CORP AMERN SH NEW	7,775	$224	0.0%	$25.39	—	—	835699307
VWO	VANGUARD FTSE EMERGING MARK ET	4,072	$221	0.0%	$54.18	—	—	922042858
—	HP INC	8,000	$218	0.0%	$27.23	—	—	40434l105
—	DUKE ENERGY CORP NEW	1,703	$211	0.0%	$123.75	—	—	26441c204
HSY	HERSHEY CO	1,113	$208	0.0%	$87.56	+108.0%	—	427866108
OGS	One Gas Inc	2,500	$202	0.0%	$74.90	+7.3%	—	68235P108

Decreased Positions (62)

CPRT COPART INC 0.3%

Value ($000) $15,083 (-86.9%) Shares 385,258 (-85.0%) Est. Cost $55.76 Unrealized -25.6%

— ALPHABET INC 8.0%

Value ($000) $458,746 (+24.5%) Shares 1,461,905 (-3.3%) Est. Cost $142.82 Unrealized —

— UBER TECHNOLOGIES INC 3.2%

Value ($000) $184,926 (-18.5%) Shares 2,263,196 (-2.3%) Est. Cost $62.18 Unrealized —

FAST FASTENAL CO COM 2.2%

Value ($000) $126,393 (-20.3%) Shares 3,149,587 (-2.7%) Est. Cost $26.70 Unrealized +57.4%

ROP ROPER TECHNOLOGIES INC 1.6%

Value ($000) $91,733 (-14.9%) Shares 206,082 (-4.6%) Est. Cost $377.51 Unrealized +22.4%

MKL MARKEL GROUP INC 3.1%

Value ($000) $176,138 (+9.4%) Shares 81,938 (-2.7%) Est. Cost $779.02 Unrealized +160.1%

— COSTCO WHOLESALE CORP 2.9%

Value ($000) $164,809 (-8.4%) Shares 191,118 (-1.7%) Est. Cost $660.08 Unrealized —

BAM BROOKFIELD ASSET MANAGEMENT LT 2.1%

Value ($000) $119,723 (-11.2%) Shares 2,282,237 (-3.6%) Est. Cost $30.34 Unrealized +76.2%

TSCO TRACTOR SUPPLY CO 1.4%

Value ($000) $80,257 (-13.9%) Shares 1,604,829 (-2.1%) Est. Cost $52.83 Unrealized +1.7%

SHW SHERWIN WILLIAMS CO 2.2%

Value ($000) $123,437 (-9.0%) Shares 380,944 (-2.7%) Est. Cost $251.47 Unrealized +32.9%

— MONSTER BEVERAGE CORP 2.1%

Value ($000) $119,243 (+9.2%) Shares 1,555,280 (-4.1%) Est. Cost $57.58 Unrealized —

CFRUY CIE FINANCIERE RICHEMONT SA 2.0%

Value ($000) $115,276 (+9.4%) Shares 5,354,202 (-2.9%) Est. Cost $15.48 Unrealized —

NKE NIKE INC CLASS B 1.4%

Value ($000) $79,968 (-9.8%) Shares 1,255,193 (-1.2%) Est. Cost $58.94 Unrealized +10.1%

MLM MARTIN MARIETTA MATLS INC 2.4%

Value ($000) $139,247 (-4.9%) Shares 223,632 (-3.7%) Est. Cost $362.68 Unrealized +71.3%

NVDA NVIDIA CORP 0.3%

Value ($000) $19,537 (-25.4%) Shares 104,758 (-25.4%) Est. Cost $139.31 Unrealized +33.6%

— S&P GLOBAL INC 2.2%

Value ($000) $124,258 (+4.0%) Shares 237,773 (-3.1%) Est. Cost $440.52 Unrealized —

— AON PLC 2.4%

Value ($000) $138,546 (-3.3%) Shares 392,615 (-2.3%) Est. Cost $297.41 Unrealized —

— ZOETIS INC 0.1%

Value ($000) $4,040 (-53.8%) Shares 32,110 (-46.3%) Est. Cost $196.27 Unrealized —

NSRGY NESTLE S A 1.6%

Value ($000) $94,282 (+5.0%) Shares 954,467 (-2.5%) Est. Cost $80.62 Unrealized —

— MASTERCARD INC 3.8%

Value ($000) $215,881 (-1.8%) Shares 378,155 (-2.2%) Est. Cost $428.47 Unrealized —

CNI CANADIAN NATIONAL RAILWAY CO 1.7%

Value ($000) $99,198 (-3.1%) Shares 1,003,520 (-7.5%) Est. Cost $71.87 Unrealized +33.8%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $14,399 (+17.8%) Shares 24,849 (-1.4%) Est. Cost $389.33 Unrealized +45.2%

TDG TRANSDIGM GROUP INC 2.4%

Value ($000) $135,431 (-1.5%) Shares 101,839 (-2.4%) Est. Cost $511.04 Unrealized +156.5%

AJG GALLAGHER ARTHUR J & CO 0.1%

Value ($000) $6,373 (-17.9%) Shares 24,628 (-1.7%) Est. Cost $60.39 Unrealized +337.5%

TSM TAIWAN SEMICONDUCTOR MFG CO AD 0.3%

Value ($000) $17,642 (+7.2%) Shares 58,054 (-1.4%) Est. Cost $104.15 Unrealized —

— ISHARES BITCOIN ETF 0.0%

Value ($000) $904 (-43.8%) Shares 18,213 (-26.4%) Est. Cost $50.46 Unrealized —

— VERIZON COMMUNICATIONS I 0.0%

Value ($000) $736 (-45.0%) Shares 18,073 (-40.6%) Est. Cost $35.69 Unrealized —

VEA VANGUARD INTL FD FTSE DEVELOPE 0.0%

Value ($000) $955 (-37.0%) Shares 15,285 (-39.5%) Est. Cost $57.01 Unrealized —

ASML ASML HOLDING NV-NY REG SHS 0.2%

Value ($000) $14,003 (+4.1%) Shares 13,089 (-5.8%) Est. Cost $639.64 Unrealized —

CEG CONSTELLATION ENERGY 0.1%

Value ($000) $7,361 (+6.1%) Shares 20,838 (-1.1%) Est. Cost $247.76 Unrealized +46.6%

BF/B BROWN FORMAN CORP CLASS B 0.1%

Value ($000) $5,093 (-7.0%) Shares 195,448 (-3.4%) Est. Cost $41.64 Unrealized -32.8%

SBUX STARBUCKS CORP 0.0%

Value ($000) $2,270 (-12.5%) Shares 26,958 (-12.1%) Est. Cost $59.46 Unrealized +41.4%

GILD GILEAD SCIENCES INC 0.0%

Value ($000) $732 (-26.4%) Shares 5,967 (-33.5%) Est. Cost $71.23 Unrealized +69.7%

INTC INTEL CORP 0.0%

Value ($000) $767 (-22.8%) Shares 20,791 (-29.8%) Est. Cost $27.87 Unrealized +35.5%

WBS WEBSTER FINL CORP 0.0%

Value ($000) $233 (-49.1%) Shares 3,700 (-51.9%) Est. Cost $51.55 Unrealized +15.2%

GLW CORNING INC 0.0%

Value ($000) $2,275 (-7.5%) Shares 25,985 (-13.3%) Est. Cost $22.04 Unrealized +290.2%

EADSY AIRBUS SE - UNSP ADR 0.1%

Value ($000) $8,395 (-2.1%) Shares 144,938 (-1.6%) Est. Cost $11.74 Unrealized —

— VANGUARD INFORMATION TECHNOLO 0.0%

Value ($000) $2,408 (-6.4%) Shares 3,195 (-7.3%) Est. Cost $241.91 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS C 0.1%

Value ($000) $6,695 (-2.2%) Shares 22,601 (-6.8%) Est. Cost $150.49 Unrealized +98.5%

— ALTRIA GROUP INC 0.0%

Value ($000) $797 (-15.3%) Shares 13,825 (-2.9%) Est. Cost $42.51 Unrealized —

XYZ BLOCK INC CL A 0.0%

Value ($000) $1,118 (-11.2%) Shares 17,182 (-1.4%) Est. Cost $71.80 Unrealized -3.9%

PAYX PAYCHEX INC 0.0%

Value ($000) $969 (-12.5%) Shares 8,642 (-1.1%) Est. Cost $71.35 Unrealized +63.3%

WFC WELLS FARGO & CO 0.0%

Value ($000) $1,481 (+8.4%) Shares 15,894 (-2.5%) Est. Cost $38.48 Unrealized +125.1%

LOW LOWES COS INC 0.0%

Value ($000) $1,893 (-5.0%) Shares 7,851 (-1.0%) Est. Cost $169.07 Unrealized +41.8%

VLTO VERALTO CORP 0.0%

Value ($000) $237 (-27.6%) Shares 2,371 (-22.7%) Est. Cost $73.75 Unrealized +37.0%

BF/A BROWN-FORMAN CORP-CLASS A 0.0%

Value ($000) $209 (-29.0%) Shares 7,944 (-27.4%) Est. Cost $50.85 Unrealized -45.4%

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $424 (-15.8%) Shares 2,301 (-7.0%) Est. Cost $189.10 Unrealized +6.7%

APD AIR PRODUCTS & CHEMICALS INC 0.0%

Value ($000) $660 (-10.6%) Shares 2,670 (-1.3%) Est. Cost $212.29 Unrealized +18.5%

USHY ISHARES TR BROAD USD HIGH YIEL 0.0%

Value ($000) $438 (-15.1%) Shares 11,700 (-14.3%) Est. Cost $37.78 Unrealized —

BMY BRISTOL MYERS SQUIBB CO 0.0%

Value ($000) $1,692 (+4.5%) Shares 31,377 (-12.6%) Est. Cost $44.97 Unrealized +5.7%

IWS ISHARES RUSSELL MID CAP VALUE 0.0%

Value ($000) $274 (-20.2%) Shares 1,942 (-21.0%) Est. Cost $139.67 Unrealized —

BP BP P L C F SPONSORED ADR 1 ADR 0.0%

Value ($000) $1,053 (-5.4%) Shares 30,319 (-6.1%) Est. Cost $29.24 Unrealized —

AMGN AMGEN INCORPORATED 0.1%

Value ($000) $3,065 (-1.7%) Shares 9,364 (-15.3%) Est. Cost $124.68 Unrealized +153.4%

CSX CSX CORP 0.0%

Value ($000) $1,777 (-2.9%) Shares 49,032 (-4.9%) Est. Cost $31.59 Unrealized +13.0%

— DIAGEO PLC F SPONSORED ADR 1 A 0.0%

Value ($000) $429 (-10.8%) Shares 4,973 (-1.3%) Est. Cost $164.25 Unrealized —

— BLACKROCK INC NEW 0.0%

Value ($000) $213 (-14.6%) Shares 199 (-7.0%) Est. Cost $1054.70 Unrealized —

— QUANTA SVCS INC 0.0%

Value ($000) $601 (-5.6%) Shares 1,424 (-7.3%) Est. Cost $268.44 Unrealized —

ELV ELEVANCE HEALTH INC 0.0%

Value ($000) $394 (+6.9%) Shares 1,125 (-1.5%) Est. Cost $291.08 Unrealized +15.7%

— VERTEX PHARMACEUTICALS I 0.0%

Value ($000) $381 (+7.1%) Shares 841 (-7.5%) Est. Cost $230.26 Unrealized —

— TARGET CORP CLASS EQUITY 0.0%

Value ($000) $293 (+5.5%) Shares 3,000 (-3.2%) Est. Cost $148.25 Unrealized —

FIS FIDELITY NATL INFORMATION SVCS 0.0%

Value ($000) $239 (-2.8%) Shares 3,600 (-3.5%) Est. Cost $72.15 Unrealized -9.0%

IWB ISHARES RUSSELL 1000 ETF 0.0%

Value ($000) $743 (-0.3%) Shares 1,990 (-2.5%) Est. Cost $238.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPRT	COPART INC	385,258 (-85.0%)	$15,083 (-86.9%)	0.3%	$55.76	-25.6%	COM	217204106
—	ALPHABET INC	1,461,905 (-3.3%)	$458,746 (+24.5%)	8.0%	$142.82	—	COM	02079k107
—	UBER TECHNOLOGIES INC	2,263,196 (-2.3%)	$184,926 (-18.5%)	3.2%	$62.18	—	COM	90353t100
FAST	FASTENAL CO COM	3,149,587 (-2.7%)	$126,393 (-20.3%)	2.2%	$26.70	+57.4%	COM	311900104
ROP	ROPER TECHNOLOGIES INC	206,082 (-4.6%)	$91,733 (-14.9%)	1.6%	$377.51	+22.4%	COM	776696106
MKL	MARKEL GROUP INC	81,938 (-2.7%)	$176,138 (+9.4%)	3.1%	$779.02	+160.1%	COM	570535104
—	COSTCO WHOLESALE CORP	191,118 (-1.7%)	$164,809 (-8.4%)	2.9%	$660.08	—	COM	22160k105
BAM	BROOKFIELD ASSET MANAGEMENT LT	2,282,237 (-3.6%)	$119,723 (-11.2%)	2.1%	$30.34	+76.2%	COM	113004105
TSCO	TRACTOR SUPPLY CO	1,604,829 (-2.1%)	$80,257 (-13.9%)	1.4%	$52.83	+1.7%	COM	892356106
SHW	SHERWIN WILLIAMS CO	380,944 (-2.7%)	$123,437 (-9.0%)	2.2%	$251.47	+32.9%	COM	824348106
—	MONSTER BEVERAGE CORP	1,555,280 (-4.1%)	$119,243 (+9.2%)	2.1%	$57.58	—	COM	61174x109
CFRUY	CIE FINANCIERE RICHEMONT SA	5,354,202 (-2.9%)	$115,276 (+9.4%)	2.0%	$15.48	—	COM	204319107
NKE	NIKE INC CLASS B	1,255,193 (-1.2%)	$79,968 (-9.8%)	1.4%	$58.94	+10.1%	COM	654106103
MLM	MARTIN MARIETTA MATLS INC	223,632 (-3.7%)	$139,247 (-4.9%)	2.4%	$362.68	+71.3%	COM	573284106
NVDA	NVIDIA CORP	104,758 (-25.4%)	$19,537 (-25.4%)	0.3%	$139.31	+33.6%	COM	67066G104
—	S&P GLOBAL INC	237,773 (-3.1%)	$124,258 (+4.0%)	2.2%	$440.52	—	COM	78409v104
—	AON PLC	392,615 (-2.3%)	$138,546 (-3.3%)	2.4%	$297.41	—	COM	g0403h108
—	ZOETIS INC	32,110 (-46.3%)	$4,040 (-53.8%)	0.1%	$196.27	—	COM	98978v103
NSRGY	NESTLE S A	954,467 (-2.5%)	$94,282 (+5.0%)	1.6%	$80.62	—	COM	641069406
—	MASTERCARD INC	378,155 (-2.2%)	$215,881 (-1.8%)	3.8%	$428.47	—	COM	57636q104
CNI	CANADIAN NATIONAL RAILWAY CO	1,003,520 (-7.5%)	$99,198 (-3.1%)	1.7%	$71.87	+33.8%	COM	136375102
TMO	THERMO FISHER SCIENTIFIC INC	24,849 (-1.4%)	$14,399 (+17.8%)	0.3%	$389.33	+45.2%	COM	883556102
TDG	TRANSDIGM GROUP INC	101,839 (-2.4%)	$135,431 (-1.5%)	2.4%	$511.04	+156.5%	COM	893641100
AJG	GALLAGHER ARTHUR J & CO	24,628 (-1.7%)	$6,373 (-17.9%)	0.1%	$60.39	+337.5%	COM	363576109
TSM	TAIWAN SEMICONDUCTOR MFG CO AD	58,054 (-1.4%)	$17,642 (+7.2%)	0.3%	$104.15	—	COM	874039100
—	ISHARES BITCOIN ETF	18,213 (-26.4%)	$904 (-43.8%)	0.0%	$50.46	—	COM	46438f101
—	VERIZON COMMUNICATIONS I	18,073 (-40.6%)	$736 (-45.0%)	0.0%	$35.69	—	COM	92343v104
VEA	VANGUARD INTL FD FTSE DEVELOPE	15,285 (-39.5%)	$955 (-37.0%)	0.0%	$57.01	—	COM	921943858
ASML	ASML HOLDING NV-NY REG SHS	13,089 (-5.8%)	$14,003 (+4.1%)	0.2%	$639.64	—	COM	N07059210
CEG	CONSTELLATION ENERGY	20,838 (-1.1%)	$7,361 (+6.1%)	0.1%	$247.76	+46.6%	COM	21037T109
BF/B	BROWN FORMAN CORP CLASS B	195,448 (-3.4%)	$5,093 (-7.0%)	0.1%	$41.64	-32.8%	COM	115637209
SBUX	STARBUCKS CORP	26,958 (-12.1%)	$2,270 (-12.5%)	0.0%	$59.46	+41.4%	COM	855244109
GILD	GILEAD SCIENCES INC	5,967 (-33.5%)	$732 (-26.4%)	0.0%	$71.23	+69.7%	COM	375558103
INTC	INTEL CORP	20,791 (-29.8%)	$767 (-22.8%)	0.0%	$27.87	+35.5%	COM	458140100
WBS	WEBSTER FINL CORP	3,700 (-51.9%)	$233 (-49.1%)	0.0%	$51.55	+15.2%	COM	947890109
GLW	CORNING INC	25,985 (-13.3%)	$2,275 (-7.5%)	0.0%	$22.04	+290.2%	COM	219350105
EADSY	AIRBUS SE - UNSP ADR	144,938 (-1.6%)	$8,395 (-2.1%)	0.1%	$11.74	—	COM	009279100
—	VANGUARD INFORMATION TECHNOLO	3,195 (-7.3%)	$2,408 (-6.4%)	0.0%	$241.91	—	COM	92204a702
IBM	INTERNATIONAL BUSINESS MACHS C	22,601 (-6.8%)	$6,695 (-2.2%)	0.1%	$150.49	+98.5%	COM	459200101
—	ALTRIA GROUP INC	13,825 (-2.9%)	$797 (-15.3%)	0.0%	$42.51	—	COM	02209s103
XYZ	BLOCK INC CL A	17,182 (-1.4%)	$1,118 (-11.2%)	0.0%	$71.80	-3.9%	COM	852234103
PAYX	PAYCHEX INC	8,642 (-1.1%)	$969 (-12.5%)	0.0%	$71.35	+63.3%	COM	704326107
WFC	WELLS FARGO & CO	15,894 (-2.5%)	$1,481 (+8.4%)	0.0%	$38.48	+125.1%	COM	949746101
LOW	LOWES COS INC	7,851 (-1.0%)	$1,893 (-5.0%)	0.0%	$169.07	+41.8%	COM	548661107
VLTO	VERALTO CORP	2,371 (-22.7%)	$237 (-27.6%)	0.0%	$73.75	+37.0%	COM	92338C103
BF/A	BROWN-FORMAN CORP-CLASS A	7,944 (-27.4%)	$209 (-29.0%)	0.0%	$50.85	-45.4%	COM	115637100
PANW	PALO ALTO NETWORKS INC	2,301 (-7.0%)	$424 (-15.8%)	0.0%	$189.10	+6.7%	COM	697435105
APD	AIR PRODUCTS & CHEMICALS INC	2,670 (-1.3%)	$660 (-10.6%)	0.0%	$212.29	+18.5%	COM	009158106
USHY	ISHARES TR BROAD USD HIGH YIEL	11,700 (-14.3%)	$438 (-15.1%)	0.0%	$37.78	—	COM	46435U853
BMY	BRISTOL MYERS SQUIBB CO	31,377 (-12.6%)	$1,692 (+4.5%)	0.0%	$44.97	+5.7%	COM	110122108
IWS	ISHARES RUSSELL MID CAP VALUE	1,942 (-21.0%)	$274 (-20.2%)	0.0%	$139.67	—	COM	464287473
BP	BP P L C F SPONSORED ADR 1 ADR	30,319 (-6.1%)	$1,053 (-5.4%)	0.0%	$29.24	—	COM	055622104
AMGN	AMGEN INCORPORATED	9,364 (-15.3%)	$3,065 (-1.7%)	0.1%	$124.68	+153.4%	COM	031162100
CSX	CSX CORP	49,032 (-4.9%)	$1,777 (-2.9%)	0.0%	$31.59	+13.0%	COM	126408103
—	DIAGEO PLC F SPONSORED ADR 1 A	4,973 (-1.3%)	$429 (-10.8%)	0.0%	$164.25	—	COM	25243q205
—	BLACKROCK INC NEW	199 (-7.0%)	$213 (-14.6%)	0.0%	$1054.70	—	COM	09290d101
—	QUANTA SVCS INC	1,424 (-7.3%)	$601 (-5.6%)	0.0%	$268.44	—	COM	74762e102
ELV	ELEVANCE HEALTH INC	1,125 (-1.5%)	$394 (+6.9%)	0.0%	$291.08	+15.7%	COM	036752103
—	VERTEX PHARMACEUTICALS I	841 (-7.5%)	$381 (+7.1%)	0.0%	$230.26	—	COM	92532f100
—	TARGET CORP CLASS EQUITY	3,000 (-3.2%)	$293 (+5.5%)	0.0%	$148.25	—	COM	87612e106
FIS	FIDELITY NATL INFORMATION SVCS	3,600 (-3.5%)	$239 (-2.8%)	0.0%	$72.15	-9.0%	COM	31620M106
IWB	ISHARES RUSSELL 1000 ETF	1,990 (-2.5%)	$743 (-0.3%)	0.0%	$238.34	—	COM	464287622

Unchanged Positions (129)

AAPL APPLE INC COM 3.5%

Value ($000) $199,117 Shares 732,424 Est. Cost $91.65 Unrealized +192.8%

AMZN AMAZON COM INC 4.9%

Value ($000) $277,451 Shares 1,202,025 Est. Cost $133.28 Unrealized +71.7%

— MERCK & CO. INC. 0.6%

Value ($000) $32,350 Shares 307,330 Est. Cost $111.13 Unrealized —

AXP AMERICAN EXPRESS CO COM 0.9%

Value ($000) $49,000 Shares 132,449 Est. Cost $65.41 Unrealized +445.7%

BRK/B BERKSHIRE HATHAWAY INC 7.7%

Value ($000) $441,860 Shares 879,061 Est. Cost $153.60 Unrealized +223.9%

JNJ JOHNSON & JOHNSON COM 0.4%

Value ($000) $22,422 Shares 108,347 Est. Cost $85.88 Unrealized +129.4%

PG PROCTER & GAMBLE COMPANY COM 0.6%

Value ($000) $36,693 Shares 256,039 Est. Cost $130.76 Unrealized +12.6%

DOV DOVER CORP 0.3%

Value ($000) $15,468 Shares 79,225 Est. Cost $140.65 Unrealized +29.3%

TT TRANE TECHNOLOGIES PLC 0.4%

Value ($000) $23,343 Shares 59,976 Est. Cost $297.96 Unrealized +38.8%

DHR DANAHER CORP 0.2%

Value ($000) $13,345 Shares 58,295 Est. Cost $136.61 Unrealized +60.7%

URI UNITED RENTALS INC 0.1%

Value ($000) $7,440 Shares 9,193 Est. Cost $333.48 Unrealized +160.0%

SXGCF SOUTHERN CROSS GOLD CONS LTD C 0.1%

Value ($000) $3,050 Shares 396,600 Est. Cost $3.66 Unrealized +56.0%

ADP AUTOMATIC DATA PROCESSING INC 0.1%

Value ($000) $6,968 Shares 27,087 Est. Cost $106.05 Unrealized +149.7%

BRK/A BERKSHIRE HATHAWAY INC-CL A 1.4%

Value ($000) $79,254 Shares 105 Est. Cost $281165.78 Unrealized +165.5%

— ACCENTURE PLC 0.1%

Value ($000) $7,813 Shares 29,122 Est. Cost $322.86 Unrealized —

MCO MOODY'S CORP 0.1%

Value ($000) $8,326 Shares 16,299 Est. Cost $291.39 Unrealized +67.2%

KO THE COCA-COLA CO 0.2%

Value ($000) $10,208 Shares 146,010 Est. Cost $48.88 Unrealized +42.0%

CTAS CINTAS CORP COM 0.1%

Value ($000) $4,785 Shares 25,440 Est. Cost $210.75 Unrealized -10.7%

ALLE Allegion PLC 0.1%

Value ($000) $3,534 Shares 22,193 Est. Cost $76.68 Unrealized +117.4%

SAP SAP SE F SPONSORED ADR 1 ADR R 0.1%

Value ($000) $3,403 Shares 14,010 Est. Cost $267.21 Unrealized —

EFX EQUIFAX INC 0.0%

Value ($000) $1,673 Shares 7,710 Est. Cost $250.41 Unrealized -12.7%

WWD WOODWARD INC COM 0.0%

Value ($000) $1,814 Shares 6,000 Est. Cost $63.09 Unrealized +335.5%

CAH CARDINAL HEALTH INC 0.0%

Value ($000) $1,204 Shares 5,859 Est. Cost $153.58 Unrealized +22.2%

— VISTRA CORP 0.0%

Value ($000) $1,241 Shares 7,695 Est. Cost $69.65 Unrealized —

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $659 Shares 2,308 Est. Cost $94.81 Unrealized +141.9%

CB CHUBB LTD 0.1%

Value ($000) $2,862 Shares 9,171 Est. Cost $203.33 Unrealized +43.8%

SBGSY SCHNEIDER ELECT SE-UNSP ADR 0.2%

Value ($000) $10,150 Shares 184,772 Est. Cost $31.71 Unrealized —

— COMPASS INC CLASS A 0.0%

Value ($000) $1,080 Shares 102,160 Est. Cost $3.83 Unrealized —

— DUPONT DE NEMOURS INC 0.0%

Value ($000) $244 Shares 6,074 Est. Cost $52.81 Unrealized —

BK BANK NEW YORK MELLON COR 0.1%

Value ($000) $3,708 Shares 31,943 Est. Cost $37.88 Unrealized +191.7%

AVAV AEROVIRONMENT INC 0.0%

Value ($000) $726 Shares 3,000 Est. Cost $122.31 Unrealized +157.0%

AMAT APPLIED MATLS INC 0.0%

Value ($000) $1,008 Shares 3,924 Est. Cost $74.31 Unrealized +222.3%

— CENCORA INC 0.0%

Value ($000) $2,711 Shares 8,027 Est. Cost $213.17 Unrealized —

NSC NORFOLK SOUTHN CORP 0.1%

Value ($000) $4,981 Shares 17,253 Est. Cost $83.99 Unrealized +243.7%

PSLV SPROTT PHYSICAL SILVER TRUST 0.0%

Value ($000) $600 Shares 25,350 Est. Cost $15.70 Unrealized —

UPS United Parcel Service Cl B 0.0%

Value ($000) $1,269 Shares 12,790 Est. Cost $81.41 Unrealized +13.9%

CI THE CIGNA GROUP 0.1%

Value ($000) $3,672 Shares 13,340 Est. Cost $216.84 Unrealized +28.8%

IAU ISHARES GOLD ETF 0.0%

Value ($000) $1,516 Shares 18,680 Est. Cost $49.70 Unrealized —

CNM CORE & MAIN INC-CLASS A 0.1%

Value ($000) $3,593 Shares 69,134 Est. Cost $54.29 Unrealized -5.5%

— O REILLY AUTOMOTIVE INC 0.0%

Value ($000) $852 Shares 9,345 Est. Cost $138.19 Unrealized —

BALL BALL CORP 0.1%

Value ($000) $3,632 Shares 68,559 Est. Cost $56.90 Unrealized -13.7%

IR Ingersoll Rand Inc 0.1%

Value ($000) $3,092 Shares 39,032 Est. Cost $78.76 Unrealized +0.2%

AME AMETEK INC NEW COM 0.0%

Value ($000) $1,535 Shares 7,478 Est. Cost $126.26 Unrealized +53.9%

— JOINT CORP 0.0%

Value ($000) $1,300 Shares 149,100 Est. Cost $13.17 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value ($000) $1,534 Shares 7,862 Est. Cost $121.96 Unrealized +59.9%

DAL DELTA AIR LINES INC 0.0%

Value ($000) $665 Shares 9,578 Est. Cost $36.15 Unrealized +72.7%

ANET ARISTA NETWORKS INC 0.0%

Value ($000) $1,051 Shares 8,018 Est. Cost $103.15 Unrealized +33.5%

MSI MOTOROLA SOLUTIONS INC COM NEW 0.0%

Value ($000) $577 Shares 1,506 Est. Cost $448.33 Unrealized -10.6%

LRLCY L'OREAL-UNSPONSORED ADR 0.1%

Value ($000) $7,155 Shares 83,535 Est. Cost $77.39 Unrealized —

CMI CUMMINS INC COM 0.0%

Value ($000) $608 Shares 1,192 Est. Cost $228.83 Unrealized +103.8%

KMB KIMBERLY CLARK CORP 0.0%

Value ($000) $432 Shares 4,278 Est. Cost $125.63 Unrealized -13.7%

AZO AUTOZONE INC 0.0%

Value ($000) $346 Shares 102 Est. Cost $2695.18 Unrealized +40.2%

MPC MARATHON PETROLEUM CORP COM 0.0%

Value ($000) $464 Shares 2,854 Est. Cost $174.47 Unrealized +6.8%

NATR NATURES SUNSHINE PRODS INC COM 0.0%

Value ($000) $315 Shares 14,576 Est. Cost $13.51 Unrealized +35.7%

MDLZ MONDELEZ INTL INC CLASS A 0.0%

Value ($000) $563 Shares 10,452 Est. Cost $52.38 Unrealized +8.9%

RPM RPM INTL INC COM 0.0%

Value ($000) $640 Shares 6,150 Est. Cost $119.99 Unrealized -9.8%

— MCKESSON CORP 0.0%

Value ($000) $1,269 Shares 1,547 Est. Cost $305.28 Unrealized —

— AES CORP 0.0%

Value ($000) $906 Shares 63,167 Est. Cost $15.50 Unrealized —

— 3M CO 0.0%

Value ($000) $2,403 Shares 15,011 Est. Cost $107.97 Unrealized —

BABA ALIBABA GROUP HLDG LTD SPONSOR 0.0%

Value ($000) $330 Shares 2,250 Est. Cost $106.12 Unrealized —

GHC GRAHAM HLDGS CO COM CL B 0.0%

Value ($000) $983 Shares 895 Est. Cost $537.02 Unrealized +98.6%

— TESLA INC 0.1%

Value ($000) $5,799 Shares 12,895 Est. Cost $268.97 Unrealized —

— TRAVELERS COS INC 0.0%

Value ($000) $1,785 Shares 6,153 Est. Cost $173.95 Unrealized —

— CDW CORP 0.0%

Value ($000) $410 Shares 3,009 Est. Cost $146.40 Unrealized —

TFC TRUIST FINL CORP 0.0%

Value ($000) $928 Shares 18,865 Est. Cost $36.55 Unrealized +25.3%

— BNP PARIBAS F SPONSORED ADR 1 0.0%

Value ($000) $1,657 Shares 34,953 Est. Cost $35.24 Unrealized —

— JD COM INC F SPONSORED ADR 1 A 0.0%

Value ($000) $295 Shares 10,280 Est. Cost $27.59 Unrealized —

— QUEST DIAGNOSTICS INC 0.0%

Value ($000) $640 Shares 3,686 Est. Cost $113.97 Unrealized —

— WHITE MOUNTAINS INS F DUTCH TE 0.0%

Value ($000) $312 Shares 150 Est. Cost $1925.81 Unrealized —

— TETRA TECHNOLOGIES INC D 0.0%

Value ($000) $141 Shares 15,000 Est. Cost $2.41 Unrealized —

— ENCOMPASS HEALTH CORP 0.0%

Value ($000) $276 Shares 2,600 Est. Cost $0.06 Unrealized —

MKC MCCORMICK & CO INC COM NON VTG 0.0%

Value ($000) $2,823 Shares 41,450 Est. Cost $72.24 Unrealized -8.8%

SYY Sysco Corp 0.0%

Value ($000) $408 Shares 5,530 Est. Cost $52.34 Unrealized +44.3%

RHHBY ROCHE HLDGS LTD SPONSORED ADR 0.0%

Value ($000) $248 Shares 4,804 Est. Cost $41.81 Unrealized —

RSG REPUBLIC SVCS INC 0.0%

Value ($000) $587 Shares 2,772 Est. Cost $97.86 Unrealized +119.3%

— EXTRA SPACE STORAGE INC REIT 0.0%

Value ($000) $462 Shares 3,550 Est. Cost $160.33 Unrealized —

APH Amphenol Corp 0.0%

Value ($000) $488 Shares 3,612 Est. Cost $57.77 Unrealized +131.2%

SYK STRYKER CORP 0.0%

Value ($000) $912 Shares 2,596 Est. Cost $142.05 Unrealized +155.9%

GEL GENESIS ENERGY L P LP 0.0%

Value ($000) $546 Shares 35,000 Est. Cost $0.01 Unrealized —

IBDRY IBERDROLA S A SPONSORED ADR RE 0.0%

Value ($000) $317 Shares 3,670 Est. Cost $66.02 Unrealized —

CFRHF CIE FINANCIERE RICHEMO-A REG 0.0%

Value ($000) $302 Shares 1,389 Est. Cost $145.00 Unrealized +41.6%

BRO BROWN & BROWN INC COM 0.0%

Value ($000) $207 Shares 2,600 Est. Cost $98.35 Unrealized -15.2%

VUG VANGUARD INDEX FDS VANGUARD GR 0.0%

Value ($000) $2,161 Shares 4,430 Est. Cost $466.20 Unrealized —

— SPROTT PHYSICAL GOLD ETV 0.0%

Value ($000) $352 Shares 10,670 Est. Cost $29.62 Unrealized —

— NXP SEMICONDUCTORS N V F 0.0%

Value ($000) $651 Shares 3,000 Est. Cost $231.72 Unrealized —

ADM ARCHER-DANIELS-MIDLAND CO COM 0.0%

Value ($000) $690 Shares 12,000 Est. Cost $35.73 Unrealized +66.5%

SO SOUTHERN CO 0.0%

Value ($000) $323 Shares 3,700 Est. Cost $44.33 Unrealized +105.0%

CCK CROWN HLDGS INC 0.0%

Value ($000) $474 Shares 4,600 Est. Cost $99.95 Unrealized -2.6%

MRSH Marsh & McLennan Companies Inc 0.0%

Value ($000) $317 Shares 1,708 Est. Cost $177.89 Unrealized +4.8%

VIG VANGUARD SPECIALIZED FUNDS DIV 0.0%

Value ($000) $1,462 Shares 6,650 Est. Cost $215.79 Unrealized —

ECL ECOLAB INC 0.0%

Value ($000) $571 Shares 2,174 Est. Cost $125.64 Unrealized +111.5%

PM PHILIP MORRIS INTL INC 0.1%

Value ($000) $2,942 Shares 18,344 Est. Cost $71.03 Unrealized +116.2%

BVERS BEAVER COAL LTD LP 0.0%

Value ($000) $209 Shares 80 Est. Cost $2650.00 Unrealized —

— XYLEM INC 0.0%

Value ($000) $265 Shares 1,949 Est. Cost $115.65 Unrealized —

ROL ROLLINS ORD SHS 0.0%

Value ($000) $980 Shares 16,330 Est. Cost $33.68 Unrealized +74.2%

EPD ENTERPRISE PRODS PART LP 0.0%

Value ($000) $826 Shares 25,776 Est. Cost $28.41 Unrealized —

— AGILENT TECHNOLOGIES INC 0.0%

Value ($000) $349 Shares 2,562 Est. Cost $135.85 Unrealized —

NJR NEW JERSEY RES CORP COM 0.0%

Value ($000) $415 Shares 9,000 Est. Cost $26.81 Unrealized +71.0%

CHD CHURCH & DWIGHT INC COM 0.0%

Value ($000) $361 Shares 4,300 Est. Cost $78.77 Unrealized +8.3%

— FLEX LTD F 0.0%

Value ($000) $399 Shares 6,600 Est. Cost $33.43 Unrealized —

CSL CARLISLE COS INC 0.0%

Value ($000) $642 Shares 2,008 Est. Cost $192.03 Unrealized +68.0%

SIEGY SIEMENS A G F SPONSORED ADR 1 0.0%

Value ($000) $401 Shares 2,867 Est. Cost $74.85 Unrealized —

UMBF UMB FINL CORP 0.0%

Value ($000) $476 Shares 4,140 Est. Cost $81.32 Unrealized +39.3%

BDX BECTON DICKINSON & CO 0.0%

Value ($000) $394 Shares 2,031 Est. Cost $226.38 Unrealized -16.3%

— ENERGY TRANSFER L P LP 0.0%

Value ($000) $278 Shares 16,850 Est. Cost $16.68 Unrealized —

— SPDR S&P 500 FOSSIL FUEL RES F 0.0%

Value ($000) $450 Shares 8,000 Est. Cost $48.15 Unrealized —

— KINDER MORGAN INC DEL 0.0%

Value ($000) $309 Shares 11,257 Est. Cost $17.89 Unrealized —

GGG GRACO INC 0.0%

Value ($000) $280 Shares 3,417 Est. Cost $86.25 Unrealized -5.0%

ITOT ISHARES TOTAL US STOCK MARKET 0.0%

Value ($000) $445 Shares 2,995 Est. Cost $92.68 Unrealized —

PPG PPG INDS INC COM 0.0%

Value ($000) $341 Shares 3,325 Est. Cost $122.00 Unrealized -17.9%

VB VANGUARD INDEX FDS VANGUARD SM 0.0%

Value ($000) $604 Shares 2,342 Est. Cost $232.90 Unrealized —

PFF ISHARES TR PFD & INCOME SECS E 0.0%

Value ($000) $387 Shares 12,500 Est. Cost $30.68 Unrealized —

EEM ISHARES MSCI EMERGING MARKET 0.0%

Value ($000) $328 Shares 6,000 Est. Cost $37.95 Unrealized —

BKNG BOOKING HLDGS INC COM 0.0%

Value ($000) $873 Shares 163 Est. Cost $5563.60 Unrealized -7.7%

MTB M & T BK CORP COM 0.0%

Value ($000) $353 Shares 1,750 Est. Cost $138.95 Unrealized +36.8%

CL COLGATE-PALMOLIVE CO 0.0%

Value ($000) $553 Shares 7,003 Est. Cost $63.46 Unrealized +23.4%

— ICICI BK LTD F SPONSORED ADR 1 0.0%

Value ($000) $324 Shares 10,862 Est. Cost $10.92 Unrealized —

QXO QXO INC COM PAR VALUE $0 00001 0.0%

Value ($000) $386 Shares 20,000 Est. Cost $28.92 Unrealized -33.7%

IJH ISHARES CORE S&P MIDCAP ETF 0.0%

Value ($000) $285 Shares 4,320 Est. Cost $65.26 Unrealized —

— CORTEVA INC 0.0%

Value ($000) $337 Shares 5,028 Est. Cost $57.75 Unrealized —

KKR KKR & CO INC COM 0.0%

Value ($000) $225 Shares 1,763 Est. Cost $90.96 Unrealized +36.6%

— FERGUSON ENTERPRISES INC 0.0%

Value ($000) $223 Shares 1,000 Est. Cost $217.75 Unrealized —

YUM YUM BRANDS INC 0.0%

Value ($000) $410 Shares 2,708 Est. Cost $102.13 Unrealized +44.6%

BLDP BALLARD PWR SYS INC NEW COM 0.0%

Value ($000) $28 Shares 11,000 Est. Cost $29.89 Unrealized -89.6%

TROW PRICE T ROWE GROUP INC COM 0.0%

Value ($000) $1,028 Shares 10,042 Est. Cost $101.75 Unrealized +0.4%

— INTL BRIQUETTE HLD ORDF 0.0%

Value ($000) $0 Shares 20,000 Est. Cost — Unrealized —

— MYECHECK INC COM NEW 0.0%

Value ($000) $0 Shares 17,500 Est. Cost — Unrealized —

— SUA HLDGS LTD F 0.0%

Value ($000) $0 Shares 35,000 Est. Cost — Unrealized —

— CHINACAST EDUCATION CORP 0.0%

Value ($000) $335 Shares 3,500 Est. Cost $95.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC COM	732,424	$199,117	3.5%	$91.65	+192.8%	COM	037833100
AMZN	AMAZON COM INC	1,202,025	$277,451	4.9%	$133.28	+71.7%	COM	023135106
—	MERCK & CO. INC.	307,330	$32,350	0.6%	$111.13	—	COM	58933y105
AXP	AMERICAN EXPRESS CO COM	132,449	$49,000	0.9%	$65.41	+445.7%	COM	025816109
BRK/B	BERKSHIRE HATHAWAY INC	879,061	$441,860	7.7%	$153.60	+223.9%	COM	084670702
JNJ	JOHNSON & JOHNSON COM	108,347	$22,422	0.4%	$85.88	+129.4%	COM	478160104
PG	PROCTER & GAMBLE COMPANY COM	256,039	$36,693	0.6%	$130.76	+12.6%	COM	742718109
DOV	DOVER CORP	79,225	$15,468	0.3%	$140.65	+29.3%	COM	260003108
TT	TRANE TECHNOLOGIES PLC	59,976	$23,343	0.4%	$297.96	+38.8%	COM	G8994E103
DHR	DANAHER CORP	58,295	$13,345	0.2%	$136.61	+60.7%	COM	235851102
URI	UNITED RENTALS INC	9,193	$7,440	0.1%	$333.48	+160.0%	COM	911363109
SXGCF	SOUTHERN CROSS GOLD CONS LTD C	396,600	$3,050	0.1%	$3.66	+56.0%	COM	842685109
ADP	AUTOMATIC DATA PROCESSING INC	27,087	$6,968	0.1%	$106.05	+149.7%	COM	053015103
BRK/A	BERKSHIRE HATHAWAY INC-CL A	105	$79,254	1.4%	$281165.78	+165.5%	COM	084670108
—	ACCENTURE PLC	29,122	$7,813	0.1%	$322.86	—	COM	g1151c101
MCO	MOODY'S CORP	16,299	$8,326	0.1%	$291.39	+67.2%	COM	615369105
KO	THE COCA-COLA CO	146,010	$10,208	0.2%	$48.88	+42.0%	COM	191216100
CTAS	CINTAS CORP COM	25,440	$4,785	0.1%	$210.75	-10.7%	COM	172908105
ALLE	Allegion PLC	22,193	$3,534	0.1%	$76.68	+117.4%	COM	G0176J109
SAP	SAP SE F SPONSORED ADR 1 ADR R	14,010	$3,403	0.1%	$267.21	—	COM	803054204
EFX	EQUIFAX INC	7,710	$1,673	0.0%	$250.41	-12.7%	COM	294429105
WWD	WOODWARD INC COM	6,000	$1,814	0.0%	$63.09	+335.5%	COM	980745103
CAH	CARDINAL HEALTH INC	5,859	$1,204	0.0%	$153.58	+22.2%	COM	14149Y108
—	VISTRA CORP	7,695	$1,241	0.0%	$69.65	—	COM	92840m102
MU	MICRON TECHNOLOGY INC	2,308	$659	0.0%	$94.81	+141.9%	COM	595112103
CB	CHUBB LTD	9,171	$2,862	0.1%	$203.33	+43.8%	COM	H1467J104
SBGSY	SCHNEIDER ELECT SE-UNSP ADR	184,772	$10,150	0.2%	$31.71	—	COM	80687P106
—	COMPASS INC CLASS A	102,160	$1,080	0.0%	$3.83	—	COM	20464u100
—	DUPONT DE NEMOURS INC	6,074	$244	0.0%	$52.81	—	COM	26614n102
BK	BANK NEW YORK MELLON COR	31,943	$3,708	0.1%	$37.88	+191.7%	COM	064058100
AVAV	AEROVIRONMENT INC	3,000	$726	0.0%	$122.31	+157.0%	COM	008073108
AMAT	APPLIED MATLS INC	3,924	$1,008	0.0%	$74.31	+222.3%	COM	038222105
—	CENCORA INC	8,027	$2,711	0.0%	$213.17	—	COM	03073e105
NSC	NORFOLK SOUTHN CORP	17,253	$4,981	0.1%	$83.99	+243.7%	COM	655844108
PSLV	SPROTT PHYSICAL SILVER TRUST	25,350	$600	0.0%	$15.70	—	COM	85207K107
UPS	United Parcel Service Cl B	12,790	$1,269	0.0%	$81.41	+13.9%	COM	911312106
CI	THE CIGNA GROUP	13,340	$3,672	0.1%	$216.84	+28.8%	COM	125523100
IAU	ISHARES GOLD ETF	18,680	$1,516	0.0%	$49.70	—	COM	464285204
CNM	CORE & MAIN INC-CLASS A	69,134	$3,593	0.1%	$54.29	-5.5%	COM	21874C102
—	O REILLY AUTOMOTIVE INC	9,345	$852	0.0%	$138.19	—	COM	67103h107
BALL	BALL CORP	68,559	$3,632	0.1%	$56.90	-13.7%	COM	058498106
IR	Ingersoll Rand Inc	39,032	$3,092	0.1%	$78.76	+0.2%	COM	45687V106
AME	AMETEK INC NEW COM	7,478	$1,535	0.0%	$126.26	+53.9%	COM	031100100
—	JOINT CORP	149,100	$1,300	0.0%	$13.17	—	COM	47973j102
HON	HONEYWELL INTL INC	7,862	$1,534	0.0%	$121.96	+59.9%	COM	438516106
DAL	DELTA AIR LINES INC	9,578	$665	0.0%	$36.15	+72.7%	COM	247361702
ANET	ARISTA NETWORKS INC	8,018	$1,051	0.0%	$103.15	+33.5%	COM	040413205
MSI	MOTOROLA SOLUTIONS INC COM NEW	1,506	$577	0.0%	$448.33	-10.6%	COM	620076307
LRLCY	L'OREAL-UNSPONSORED ADR	83,535	$7,155	0.1%	$77.39	—	COM	502117203
CMI	CUMMINS INC COM	1,192	$608	0.0%	$228.83	+103.8%	COM	231021106
KMB	KIMBERLY CLARK CORP	4,278	$432	0.0%	$125.63	-13.7%	COM	494368103
AZO	AUTOZONE INC	102	$346	0.0%	$2695.18	+40.2%	COM	053332102
MPC	MARATHON PETROLEUM CORP COM	2,854	$464	0.0%	$174.47	+6.8%	COM	56585A102
NATR	NATURES SUNSHINE PRODS INC COM	14,576	$315	0.0%	$13.51	+35.7%	COM	639027101
MDLZ	MONDELEZ INTL INC CLASS A	10,452	$563	0.0%	$52.38	+8.9%	COM	609207105
RPM	RPM INTL INC COM	6,150	$640	0.0%	$119.99	-9.8%	COM	749685103
—	MCKESSON CORP	1,547	$1,269	0.0%	$305.28	—	COM	58155q103
—	AES CORP	63,167	$906	0.0%	$15.50	—	COM	00130h105
—	3M CO	15,011	$2,403	0.0%	$107.97	—	COM	88579y101
BABA	ALIBABA GROUP HLDG LTD SPONSOR	2,250	$330	0.0%	$106.12	—	COM	01609W102
GHC	GRAHAM HLDGS CO COM CL B	895	$983	0.0%	$537.02	+98.6%	COM	384637104
—	TESLA INC	12,895	$5,799	0.1%	$268.97	—	COM	88160r101
—	TRAVELERS COS INC	6,153	$1,785	0.0%	$173.95	—	COM	89417e109
—	CDW CORP	3,009	$410	0.0%	$146.40	—	COM	12514g108
TFC	TRUIST FINL CORP	18,865	$928	0.0%	$36.55	+25.3%	COM	89832Q109
—	BNP PARIBAS F SPONSORED ADR 1	34,953	$1,657	0.0%	$35.24	—	COM	05565a202
—	JD COM INC F SPONSORED ADR 1 A	10,280	$295	0.0%	$27.59	—	COM	47215p106
—	QUEST DIAGNOSTICS INC	3,686	$640	0.0%	$113.97	—	COM	74834l100
—	WHITE MOUNTAINS INS F DUTCH TE	150	$312	0.0%	$1925.81	—	COM	g9618e107
—	TETRA TECHNOLOGIES INC D	15,000	$141	0.0%	$2.41	—	COM	88162f105
—	ENCOMPASS HEALTH CORP	2,600	$276	0.0%	$0.06	—	COM	29261a100
MKC	MCCORMICK & CO INC COM NON VTG	41,450	$2,823	0.0%	$72.24	-8.8%	COM	579780206
SYY	Sysco Corp	5,530	$408	0.0%	$52.34	+44.3%	COM	871829107
RHHBY	ROCHE HLDGS LTD SPONSORED ADR	4,804	$248	0.0%	$41.81	—	COM	771195104
RSG	REPUBLIC SVCS INC	2,772	$587	0.0%	$97.86	+119.3%	COM	760759100
—	EXTRA SPACE STORAGE INC REIT	3,550	$462	0.0%	$160.33	—	COM	30225t102
APH	Amphenol Corp	3,612	$488	0.0%	$57.77	+131.2%	COM	032095101
SYK	STRYKER CORP	2,596	$912	0.0%	$142.05	+155.9%	COM	863667101
GEL	GENESIS ENERGY L P LP	35,000	$546	0.0%	$0.01	—	COM	371927104
IBDRY	IBERDROLA S A SPONSORED ADR RE	3,670	$317	0.0%	$66.02	—	COM	450737101
CFRHF	CIE FINANCIERE RICHEMO-A REG	1,389	$302	0.0%	$145.00	+41.6%	COM	H25662182
BRO	BROWN & BROWN INC COM	2,600	$207	0.0%	$98.35	-15.2%	COM	115236101
VUG	VANGUARD INDEX FDS VANGUARD GR	4,430	$2,161	0.0%	$466.20	—	COM	922908736
—	SPROTT PHYSICAL GOLD ETV	10,670	$352	0.0%	$29.62	—	COM	85207h104
—	NXP SEMICONDUCTORS N V F	3,000	$651	0.0%	$231.72	—	COM	n6596x109
ADM	ARCHER-DANIELS-MIDLAND CO COM	12,000	$690	0.0%	$35.73	+66.5%	COM	039483102
SO	SOUTHERN CO	3,700	$323	0.0%	$44.33	+105.0%	COM	842587107
CCK	CROWN HLDGS INC	4,600	$474	0.0%	$99.95	-2.6%	COM	228368106
MRSH	Marsh & McLennan Companies Inc	1,708	$317	0.0%	$177.89	+4.8%	COM	571748102
VIG	VANGUARD SPECIALIZED FUNDS DIV	6,650	$1,462	0.0%	$215.79	—	COM	921908844
ECL	ECOLAB INC	2,174	$571	0.0%	$125.64	+111.5%	COM	278865100
PM	PHILIP MORRIS INTL INC	18,344	$2,942	0.1%	$71.03	+116.2%	COM	718172109
BVERS	BEAVER COAL LTD LP	80	$209	0.0%	$2650.00	—	COM	074799107
—	XYLEM INC	1,949	$265	0.0%	$115.65	—	COM	98419m100
ROL	ROLLINS ORD SHS	16,330	$980	0.0%	$33.68	+74.2%	COM	775711104
EPD	ENTERPRISE PRODS PART LP	25,776	$826	0.0%	$28.41	—	COM	293792107
—	AGILENT TECHNOLOGIES INC	2,562	$349	0.0%	$135.85	—	COM	00846u101
NJR	NEW JERSEY RES CORP COM	9,000	$415	0.0%	$26.81	+71.0%	COM	646025106
CHD	CHURCH & DWIGHT INC COM	4,300	$361	0.0%	$78.77	+8.3%	COM	171340102
—	FLEX LTD F	6,600	$399	0.0%	$33.43	—	COM	y2573f102
CSL	CARLISLE COS INC	2,008	$642	0.0%	$192.03	+68.0%	COM	142339100
SIEGY	SIEMENS A G F SPONSORED ADR 1	2,867	$401	0.0%	$74.85	—	COM	826197501
UMBF	UMB FINL CORP	4,140	$476	0.0%	$81.32	+39.3%	COM	902788108
BDX	BECTON DICKINSON & CO	2,031	$394	0.0%	$226.38	-16.3%	COM	075887109
—	ENERGY TRANSFER L P LP	16,850	$278	0.0%	$16.68	—	COM	29273v100
—	SPDR S&P 500 FOSSIL FUEL RES F	8,000	$450	0.0%	$48.15	—	COM	78468r796
—	KINDER MORGAN INC DEL	11,257	$309	0.0%	$17.89	—	COM	49456b101
GGG	GRACO INC	3,417	$280	0.0%	$86.25	-5.0%	COM	384109104
ITOT	ISHARES TOTAL US STOCK MARKET	2,995	$445	0.0%	$92.68	—	COM	464287150
PPG	PPG INDS INC COM	3,325	$341	0.0%	$122.00	-17.9%	COM	693506107
VB	VANGUARD INDEX FDS VANGUARD SM	2,342	$604	0.0%	$232.90	—	COM	922908751
PFF	ISHARES TR PFD & INCOME SECS E	12,500	$387	0.0%	$30.68	—	COM	464288687
EEM	ISHARES MSCI EMERGING MARKET	6,000	$328	0.0%	$37.95	—	COM	464287234
BKNG	BOOKING HLDGS INC COM	163	$873	0.0%	$5563.60	-7.7%	COM	09857L108
MTB	M & T BK CORP COM	1,750	$353	0.0%	$138.95	+36.8%	COM	55261F104
CL	COLGATE-PALMOLIVE CO	7,003	$553	0.0%	$63.46	+23.4%	COM	194162103
—	ICICI BK LTD F SPONSORED ADR 1	10,862	$324	0.0%	$10.92	—	COM	45104g104
QXO	QXO INC COM PAR VALUE $0 00001	20,000	$386	0.0%	$28.92	-33.7%	COM	82846H405
IJH	ISHARES CORE S&P MIDCAP ETF	4,320	$285	0.0%	$65.26	—	COM	464287507
—	CORTEVA INC	5,028	$337	0.0%	$57.75	—	COM	22052l104
KKR	KKR & CO INC COM	1,763	$225	0.0%	$90.96	+36.6%	COM	48251W104
—	FERGUSON ENTERPRISES INC	1,000	$223	0.0%	$217.75	—	COM	31488v107
YUM	YUM BRANDS INC	2,708	$410	0.0%	$102.13	+44.6%	COM	988498101
BLDP	BALLARD PWR SYS INC NEW COM	11,000	$28	0.0%	$29.89	-89.6%	COM	058586108
TROW	PRICE T ROWE GROUP INC COM	10,042	$1,028	0.0%	$101.75	+0.4%	COM	74144T108
—	INTL BRIQUETTE HLD ORDF	20,000	$0	0.0%	—	—	COM	g4821q104
—	MYECHECK INC COM NEW	17,500	$0	0.0%	—	—	COM	62847L209
—	SUA HLDGS LTD F	35,000	$0	0.0%	—	—	COM	78485H102
—	CHINACAST EDUCATION CORP	3,500	$335	0.0%	$95.58	—	COM	16946t109