Violich Capital Management, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVOO	Vanguard S&P Mid-Cap 400 Index Fund ETF	26,500	$2,963	0.3%	$111.80	—	COM	921932885
LLY	Eli Lilly & Co	1,446	$1,554	0.2%	$955.55	0.0%	COM	532457108
LMT	Lockheed Martin Corp	3,010	$1,456	0.2%	$476.18	0.0%	COM	539830109
SOLS	Solstice Advanced Material Inc	14,006	$680	0.1%	$47.08	0.0%	COM	83443Q103
ALAB	Astera Labs Inc	3,000	$499	0.1%	$167.29	0.0%	COM	04626A103
HPE	Hewlett Packard Enterprise Co	15,800	$380	0.0%	$23.44	0.0%	COM	42824C109
EMR	Emerson Elec Co	2,250	$299	0.0%	$132.37	0.0%	COM	291011104
ACAD	Acadia Pharmaceuticals Inc	9,025	$241	0.0%	$23.90	0.0%	COM	004225108
TPB	Turning Point Brands Inc	1,940	$210	0.0%	$97.78	0.0%	COM	90041L105
SIVR	Aberdeen Standard Physical Silver Shares ETF	3,000	$203	0.0%	$67.64	—	COM	003264108

Increased Positions (31)

GOOG Alphabet Inc Cl C 11.9%

Value ($000) $106,936 (+30.1%) Shares 340,776 (+1.0%) Est. Cost $113.78 Unrealized +151.7%

GOOGL Alphabet Inc Cl A 11.4%

Value ($000) $101,922 (+31.0%) Shares 325,628 (+1.7%) Est. Cost $114.85 Unrealized +148.7%

MSFT Microsoft Corp 9.8%

Value ($000) $87,667 (-4.5%) Shares 181,272 (+2.3%) Est. Cost $86.79 Unrealized +476.8%

CSCO Cisco Sys Inc 0.6%

Value ($000) $5,514 (+258.8%) Shares 71,585 (+218.7%) Est. Cost $71.46 Unrealized +3.3%

AMZN Amazon Inc 2.2%

Value ($000) $19,772 (+23.6%) Shares 85,659 (+17.6%) Est. Cost $175.72 Unrealized +30.2%

GLD SPDR Gold Shares 2.3%

Value ($000) $20,563 (+20.8%) Shares 51,886 (+8.3%) Est. Cost $146.99 Unrealized —

AMLP Alerian MLP ETF 1.8%

Value ($000) $15,790 (+24.0%) Shares 335,815 (+23.7%) Est. Cost $17.57 Unrealized —

JPM JPMorgan Chase & Co 1.0%

Value ($000) $9,108 (+36.4%) Shares 28,265 (+33.5%) Est. Cost $199.14 Unrealized +55.4%

PM Philip Morris Intl Inc 1.5%

Value ($000) $13,723 (+17.9%) Shares 85,555 (+19.2%) Est. Cost $102.50 Unrealized +49.8%

AEM Agnico Eagle Mines Ltd 1.0%

Value ($000) $9,031 (+27.5%) Shares 53,273 (+26.7%) Est. Cost $87.06 Unrealized +92.8%

V Visa Inc Cl A 5.6%

Value ($000) $50,277 (+3.9%) Shares 143,357 (+1.2%) Est. Cost $93.03 Unrealized +265.9%

XOM Exxon Mobil Corp 0.7%

Value ($000) $6,060 (+37.2%) Shares 50,355 (+28.5%) Est. Cost $88.16 Unrealized +31.0%

DHR Danaher Corp 0.9%

Value ($000) $8,047 (+17.2%) Shares 35,151 (+1.5%) Est. Cost $63.69 Unrealized +244.7%

SLV iShares Silver Tr 0.3%

Value ($000) $2,758 (+74.0%) Shares 42,810 (+14.5%) Est. Cost $26.38 Unrealized —

HON Honeywell Intl Inc 1.3%

Value ($000) $12,005 (-5.4%) Shares 61,536 (+2.0%) Est. Cost $136.89 Unrealized +42.5%

NVDA Nvidia Corp 0.1%

Value ($000) $1,121 (+104.7%) Shares 6,010 (+104.8%) Est. Cost $160.56 Unrealized +15.9%

MA Mastercard Inc Cl A 0.7%

Value ($000) $5,865 (+9.7%) Shares 10,273 (+9.3%) Est. Cost $450.32 Unrealized +24.1%

HII Huntington Ingalls Inds Inc 0.1%

Value ($000) $692 (+132.2%) Shares 2,035 (+96.6%) Est. Cost $264.53 Unrealized +17.0%

UNH UnitedHealth Group Inc 1.1%

Value ($000) $10,006 (-2.8%) Shares 30,312 (+1.7%) Est. Cost $247.52 Unrealized +36.2%

SPY SPDR S&P 500 ETF 0.3%

Value ($000) $2,433 (+12.1%) Shares 3,568 (+9.5%) Est. Cost $314.80 Unrealized —

BDX Becton Dickinson & Co 0.4%

Value ($000) $3,937 (+6.1%) Shares 20,286 (+2.3%) Est. Cost $101.17 Unrealized +87.4%

META Meta Platforms Inc Cl A 0.4%

Value ($000) $3,779 (+6.2%) Shares 5,725 (+18.2%) Est. Cost $541.50 Unrealized +23.2%

CVX Chevron Corp 1.2%

Value ($000) $11,039 (+1.7%) Shares 72,427 (+3.6%) Est. Cost $88.98 Unrealized +70.2%

NKE Nike Inc Cl B 0.4%

Value ($000) $3,826 (+4.9%) Shares 60,060 (+14.8%) Est. Cost $64.70 Unrealized +0.3%

AON AON Plc Cl A 0.9%

Value ($000) $7,625 (+1.8%) Shares 21,608 (+2.9%) Est. Cost $360.96 Unrealized -3.3%

TMO Thermo Fisher Scientific Inc 0.1%

Value ($000) $637 (+25.2%) Shares 1,100 (+4.8%) Est. Cost $528.22 Unrealized +7.0%

PCT PureCycle Technologies Inc 0.0%

Value ($000) $418 (+21.9%) Shares 48,700 (+86.6%) Est. Cost $8.92 Unrealized +19.1%

CCJ Cameco Corp 0.0%

Value ($000) $293 (+29.3%) Shares 3,200 (+18.5%) Est. Cost $79.35 Unrealized +13.3%

DELL Dell Technologies Inc Cl C 0.1%

Value ($000) $1,068 (-4.5%) Shares 8,488 (+7.6%) Est. Cost $65.19 Unrealized +115.9%

GD General Dynamics Corp 0.0%

Value ($000) $251 (+23.6%) Shares 745 (+25.2%) Est. Cost $319.22 Unrealized +6.8%

VLTO Veralto Corp 0.1%

Value ($000) $553 (-5.3%) Shares 5,546 (+1.2%) Est. Cost $97.30 Unrealized +3.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc Cl C	340,776 (+1.0%)	$106,936 (+30.1%)	11.9%	$113.78	+151.7%	COM	02079K107
GOOGL	Alphabet Inc Cl A	325,628 (+1.7%)	$101,922 (+31.0%)	11.4%	$114.85	+148.7%	COM	02079K305
MSFT	Microsoft Corp	181,272 (+2.3%)	$87,667 (-4.5%)	9.8%	$86.79	+476.8%	COM	594918104
CSCO	Cisco Sys Inc	71,585 (+218.7%)	$5,514 (+258.8%)	0.6%	$71.46	+3.3%	COM	17275R102
AMZN	Amazon Inc	85,659 (+17.6%)	$19,772 (+23.6%)	2.2%	$175.72	+30.2%	COM	023135106
GLD	SPDR Gold Shares	51,886 (+8.3%)	$20,563 (+20.8%)	2.3%	$146.99	—	COM	78463V107
AMLP	Alerian MLP ETF	335,815 (+23.7%)	$15,790 (+24.0%)	1.8%	$17.57	—	COM	00162Q452
JPM	JPMorgan Chase & Co	28,265 (+33.5%)	$9,108 (+36.4%)	1.0%	$199.14	+55.4%	COM	46625H100
PM	Philip Morris Intl Inc	85,555 (+19.2%)	$13,723 (+17.9%)	1.5%	$102.50	+49.8%	COM	718172109
AEM	Agnico Eagle Mines Ltd	53,273 (+26.7%)	$9,031 (+27.5%)	1.0%	$87.06	+92.8%	COM	008474108
V	Visa Inc Cl A	143,357 (+1.2%)	$50,277 (+3.9%)	5.6%	$93.03	+265.9%	COM	92826C839
XOM	Exxon Mobil Corp	50,355 (+28.5%)	$6,060 (+37.2%)	0.7%	$88.16	+31.0%	COM	30231G102
DHR	Danaher Corp	35,151 (+1.5%)	$8,047 (+17.2%)	0.9%	$63.69	+244.7%	COM	235851102
SLV	iShares Silver Tr	42,810 (+14.5%)	$2,758 (+74.0%)	0.3%	$26.38	—	COM	46428Q109
HON	Honeywell Intl Inc	61,536 (+2.0%)	$12,005 (-5.4%)	1.3%	$136.89	+42.5%	COM	438516106
NVDA	Nvidia Corp	6,010 (+104.8%)	$1,121 (+104.7%)	0.1%	$160.56	+15.9%	COM	67066G104
MA	Mastercard Inc Cl A	10,273 (+9.3%)	$5,865 (+9.7%)	0.7%	$450.32	+24.1%	COM	57636Q104
HII	Huntington Ingalls Inds Inc	2,035 (+96.6%)	$692 (+132.2%)	0.1%	$264.53	+17.0%	COM	446413106
UNH	UnitedHealth Group Inc	30,312 (+1.7%)	$10,006 (-2.8%)	1.1%	$247.52	+36.2%	COM	91324P102
SPY	SPDR S&P 500 ETF	3,568 (+9.5%)	$2,433 (+12.1%)	0.3%	$314.80	—	COM	78462F103
BDX	Becton Dickinson & Co	20,286 (+2.3%)	$3,937 (+6.1%)	0.4%	$101.17	+87.4%	COM	075887109
META	Meta Platforms Inc Cl A	5,725 (+18.2%)	$3,779 (+6.2%)	0.4%	$541.50	+23.2%	COM	30303M102
CVX	Chevron Corp	72,427 (+3.6%)	$11,039 (+1.7%)	1.2%	$88.98	+70.2%	COM	166764100
NKE	Nike Inc Cl B	60,060 (+14.8%)	$3,826 (+4.9%)	0.4%	$64.70	+0.3%	COM	654106103
AON	AON Plc Cl A	21,608 (+2.9%)	$7,625 (+1.8%)	0.9%	$360.96	-3.3%	COM	G0403H108
TMO	Thermo Fisher Scientific Inc	1,100 (+4.8%)	$637 (+25.2%)	0.1%	$528.22	+7.0%	COM	883556102
PCT	PureCycle Technologies Inc	48,700 (+86.6%)	$418 (+21.9%)	0.0%	$8.92	+19.1%	COM	74623V103
CCJ	Cameco Corp	3,200 (+18.5%)	$293 (+29.3%)	0.0%	$79.35	+13.3%	COM	13321L108
DELL	Dell Technologies Inc Cl C	8,488 (+7.6%)	$1,068 (-4.5%)	0.1%	$65.19	+115.9%	COM	24703L202
GD	General Dynamics Corp	745 (+25.2%)	$251 (+23.6%)	0.0%	$319.22	+6.8%	COM	369550108
VLTO	Veralto Corp	5,546 (+1.2%)	$553 (-5.3%)	0.1%	$97.30	+3.8%	COM	92338C103

Exited Positions (5)

CMCSA Comcast Corp Cl A 0.2%

Value ($000) $1,444 Shares 45,950 Est. Cost $38.51 Unrealized -25.9%

CI Cigna Corp 0.0%

Value ($000) $390 Shares 1,353 Est. Cost $282.90 Unrealized -1.3%

DORM Dorman Products Inc 0.0%

Value ($000) $246 Shares 1,580 Est. Cost $143.45 Unrealized -5.9%

REZI Resideo Technologies Inc 0.0%

Value ($000) $237 Shares 5,500 Est. Cost $31.24 Unrealized +18.5%

OVV Ovintiv Inc 0.0%

Value ($000) $202 Shares 5,000 Est. Cost $40.79 Unrealized -5.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMCSA	Comcast Corp Cl A	45,950	$1,444	0.2%	$38.51	-25.9%	—	20030N101
CI	Cigna Corp	1,353	$390	0.0%	$282.90	-1.3%	—	125523100
DORM	Dorman Products Inc	1,580	$246	0.0%	$143.45	-5.9%	—	258278100
REZI	Resideo Technologies Inc	5,500	$237	0.0%	$31.24	+18.5%	—	76118Y104
OVV	Ovintiv Inc	5,000	$202	0.0%	$40.79	-5.0%	—	69047Q102

Decreased Positions (28)

VOO Vanguard S&P 500 ETF 0.9%

Value ($000) $7,851 (-22.3%) Shares 12,519 (-24.2%) Est. Cost $510.02 Unrealized —

VZ Verizon Communications Inc 0.5%

Value ($000) $4,623 (-31.4%) Shares 113,510 (-25.9%) Est. Cost $33.18 Unrealized +22.0%

KMB Kimberly Clark Corp 0.0%

Value ($000) $257 (-88.5%) Shares 2,546 (-85.8%) Est. Cost $94.83 Unrealized +14.3%

ADP Automatic Data Processing Inc 0.6%

Value ($000) $5,242 (-25.6%) Shares 20,377 (-15.1%) Est. Cost $62.22 Unrealized +325.6%

JNJ Johnson & Johnson 2.2%

Value ($000) $19,461 (+9.6%) Shares 94,038 (-1.8%) Est. Cost $78.42 Unrealized +151.2%

COP ConocoPhillips 0.5%

Value ($000) $4,152 (-24.5%) Shares 44,349 (-23.7%) Est. Cost $62.74 Unrealized +43.5%

UNP Union Pacific Corp 0.8%

Value ($000) $7,276 (-14.6%) Shares 31,455 (-12.8%) Est. Cost $220.27 Unrealized +3.2%

MRK Merck & Co Inc 0.6%

Value ($000) $5,285 (-9.9%) Shares 50,207 (-28.2%) Est. Cost $51.55 Unrealized +80.9%

BHP BHP Billiton Ltd Spon Ads 1.3%

Value ($000) $11,249 (+4.7%) Shares 186,326 (-3.3%) Est. Cost $51.62 Unrealized —

SLB Schlumberger Ltd 0.0%

Value ($000) $439 (-52.9%) Shares 11,450 (-57.8%) Est. Cost $33.36 Unrealized +8.1%

FDX Fedex Corp 0.1%

Value ($000) $607 (-43.6%) Shares 2,100 (-53.9%) Est. Cost $218.82 Unrealized +19.5%

ACN Accenture Plc Ireland Cl A 1.0%

Value ($000) $8,902 (+5.3%) Shares 33,181 (-3.2%) Est. Cost $102.06 Unrealized +148.9%

ADBE Adobe Inc 0.2%

Value ($000) $1,392 (-24.0%) Shares 3,976 (-23.4%) Est. Cost $382.04 Unrealized -11.0%

QQQ Invesco QQQ Trust 0.1%

Value ($000) $986 (-27.4%) Shares 1,605 (-29.0%) Est. Cost $600.37 Unrealized —

CVS CVS Health Corp 0.4%

Value ($000) $3,968 (-6.5%) Shares 49,997 (-11.1%) Est. Cost $51.59 Unrealized +52.5%

PEP Pepsico Inc 1.2%

Value ($000) $10,478 (-2.3%) Shares 73,006 (-4.4%) Est. Cost $71.23 Unrealized +104.8%

NEE Nextera Energy Inc 0.5%

Value ($000) $4,206 (+4.9%) Shares 52,397 (-1.3%) Est. Cost $68.10 Unrealized +21.2%

EPD Enterprise Prods Partners LP 0.0%

Value ($000) $314 (-34.3%) Shares 9,800 (-35.9%) Est. Cost $22.88 Unrealized —

SYK Stryker Corp 0.2%

Value ($000) $1,792 (-8.1%) Shares 5,100 (-3.3%) Est. Cost $384.53 Unrealized -5.5%

AMGN Amgen Inc 0.4%

Value ($000) $3,355 (+4.3%) Shares 10,250 (-10.1%) Est. Cost $77.56 Unrealized +307.4%

RIO Rio Tinto Plc Spon ADR 0.1%

Value ($000) $1,312 (+11.7%) Shares 16,400 (-7.9%) Est. Cost $71.20 Unrealized —

PFE Pfizer Inc 0.1%

Value ($000) $713 (-9.8%) Shares 28,650 (-7.7%) Est. Cost $23.67 Unrealized +5.8%

DUK Duke Energy Corp 0.1%

Value ($000) $1,021 (-6.7%) Shares 8,708 (-1.5%) Est. Cost $115.43 Unrealized +5.3%

DE Deere & Co 0.2%

Value ($000) $2,177 (-2.9%) Shares 4,675 (-4.6%) Est. Cost $67.94 Unrealized +588.4%

MCD McDonalds Corp 0.2%

Value ($000) $1,398 (-3.0%) Shares 4,573 (-3.6%) Est. Cost $110.55 Unrealized +176.0%

CL Colgate Palmolive Co 0.0%

Value ($000) $405 (-9.4%) Shares 5,120 (-8.3%) Est. Cost $44.39 Unrealized +76.4%

DIS Walt Disney Co 0.2%

Value ($000) $1,727 (-2.2%) Shares 15,182 (-1.6%) Est. Cost $84.45 Unrealized +29.7%

NXE Nexgen Energy Ltd 0.0%

Value ($000) $390 (-4.0%) Shares 42,400 (-6.6%) Est. Cost $5.65 Unrealized +56.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	Vanguard S&P 500 ETF	12,519 (-24.2%)	$7,851 (-22.3%)	0.9%	$510.02	—	COM	922908363
VZ	Verizon Communications Inc	113,510 (-25.9%)	$4,623 (-31.4%)	0.5%	$33.18	+22.0%	COM	92343V104
KMB	Kimberly Clark Corp	2,546 (-85.8%)	$257 (-88.5%)	0.0%	$94.83	+14.3%	COM	494368103
ADP	Automatic Data Processing Inc	20,377 (-15.1%)	$5,242 (-25.6%)	0.6%	$62.22	+325.6%	COM	053015103
JNJ	Johnson & Johnson	94,038 (-1.8%)	$19,461 (+9.6%)	2.2%	$78.42	+151.2%	COM	478160104
COP	ConocoPhillips	44,349 (-23.7%)	$4,152 (-24.5%)	0.5%	$62.74	+43.5%	COM	20825C104
UNP	Union Pacific Corp	31,455 (-12.8%)	$7,276 (-14.6%)	0.8%	$220.27	+3.2%	COM	907818108
MRK	Merck & Co Inc	50,207 (-28.2%)	$5,285 (-9.9%)	0.6%	$51.55	+80.9%	COM	58933Y105
BHP	BHP Billiton Ltd Spon Ads	186,326 (-3.3%)	$11,249 (+4.7%)	1.3%	$51.62	—	COM	088606108
SLB	Schlumberger Ltd	11,450 (-57.8%)	$439 (-52.9%)	0.0%	$33.36	+8.1%	COM	806857108
FDX	Fedex Corp	2,100 (-53.9%)	$607 (-43.6%)	0.1%	$218.82	+19.5%	COM	31428X106
ACN	Accenture Plc Ireland Cl A	33,181 (-3.2%)	$8,902 (+5.3%)	1.0%	$102.06	+148.9%	COM	G1151C101
ADBE	Adobe Inc	3,976 (-23.4%)	$1,392 (-24.0%)	0.2%	$382.04	-11.0%	COM	00724F101
QQQ	Invesco QQQ Trust	1,605 (-29.0%)	$986 (-27.4%)	0.1%	$600.37	—	COM	46090E103
CVS	CVS Health Corp	49,997 (-11.1%)	$3,968 (-6.5%)	0.4%	$51.59	+52.5%	COM	126650100
PEP	Pepsico Inc	73,006 (-4.4%)	$10,478 (-2.3%)	1.2%	$71.23	+104.8%	COM	713448108
NEE	Nextera Energy Inc	52,397 (-1.3%)	$4,206 (+4.9%)	0.5%	$68.10	+21.2%	COM	65339F101
EPD	Enterprise Prods Partners LP	9,800 (-35.9%)	$314 (-34.3%)	0.0%	$22.88	—	COM	293792107
SYK	Stryker Corp	5,100 (-3.3%)	$1,792 (-8.1%)	0.2%	$384.53	-5.5%	COM	863667101
AMGN	Amgen Inc	10,250 (-10.1%)	$3,355 (+4.3%)	0.4%	$77.56	+307.4%	COM	031162100
RIO	Rio Tinto Plc Spon ADR	16,400 (-7.9%)	$1,312 (+11.7%)	0.1%	$71.20	—	COM	767204100
PFE	Pfizer Inc	28,650 (-7.7%)	$713 (-9.8%)	0.1%	$23.67	+5.8%	COM	717081103
DUK	Duke Energy Corp	8,708 (-1.5%)	$1,021 (-6.7%)	0.1%	$115.43	+5.3%	COM	26441C204
DE	Deere & Co	4,675 (-4.6%)	$2,177 (-2.9%)	0.2%	$67.94	+588.4%	COM	244199105
MCD	McDonalds Corp	4,573 (-3.6%)	$1,398 (-3.0%)	0.2%	$110.55	+176.0%	COM	580135101
CL	Colgate Palmolive Co	5,120 (-8.3%)	$405 (-9.4%)	0.0%	$44.39	+76.4%	COM	194162103
DIS	Walt Disney Co	15,182 (-1.6%)	$1,727 (-2.2%)	0.2%	$84.45	+29.7%	COM	254687106
NXE	Nexgen Energy Ltd	42,400 (-6.6%)	$390 (-4.0%)	0.0%	$5.65	+56.4%	COM	65340P106

Unchanged Positions (45)

ORCL Oracle Corp 4.6%

Value ($000) $41,415 Shares 212,483 Est. Cost $47.00 Unrealized +406.5%

LRCX Lam Research Corp 1.9%

Value ($000) $17,161 Shares 100,250 Est. Cost $76.05 Unrealized +104.3%

AAPL Apple Inc 6.5%

Value ($000) $57,897 Shares 212,967 Est. Cost $89.01 Unrealized +201.5%

COST Costco Wholesale Corp 4.7%

Value ($000) $42,369 Shares 49,133 Est. Cost $183.21 Unrealized +394.4%

AMD Advanced Micro Devices Inc 0.3%

Value ($000) $2,805 Shares 13,100 Est. Cost $161.38 Unrealized +39.2%

GS Goldman Sachs Group Inc 0.5%

Value ($000) $4,483 Shares 5,100 Est. Cost $457.13 Unrealized +77.9%

AVGO Broadcom Inc 0.7%

Value ($000) $6,299 Shares 18,200 Est. Cost $215.92 Unrealized +65.3%

BRK/B Berkshire Hathaway Inc Cl B 3.3%

Value ($000) $29,257 Shares 58,206 Est. Cost $208.30 Unrealized +138.9%

PG Procter & Gamble Co 0.3%

Value ($000) $2,804 Shares 19,564 Est. Cost $117.87 Unrealized +24.9%

CAT Caterpillar Inc 0.1%

Value ($000) $1,031 Shares 1,800 Est. Cost $330.84 Unrealized +67.9%

KO Coca Cola Co 0.4%

Value ($000) $3,223 Shares 46,097 Est. Cost $30.06 Unrealized +130.9%

WMT Walmart Inc 0.2%

Value ($000) $1,407 Shares 12,625 Est. Cost $47.86 Unrealized +124.0%

ABBV Abbvie Inc 2.8%

Value ($000) $25,452 Shares 111,394 Est. Cost $61.94 Unrealized +267.3%

CPAY Fleetcor Technologies Inc 0.2%

Value ($000) $2,197 Shares 7,300 Est. Cost $292.49 Unrealized -0.7%

DT Dynatrace Inc 0.1%

Value ($000) $650 Shares 15,000 Est. Cost $46.07 Unrealized +1.2%

HD Home Depot Inc 0.0%

Value ($000) $430 Shares 1,250 Est. Cost $348.54 Unrealized +4.6%

LIN Linde Plc 0.1%

Value ($000) $603 Shares 1,415 Est. Cost $452.31 Unrealized -5.5%

CMA Comerica Inc 0.0%

Value ($000) $290 Shares 3,334 Est. Cost $66.25 Unrealized +20.7%

RGLD Royal Gold Inc 0.1%

Value ($000) $578 Shares 2,600 Est. Cost $53.03 Unrealized +274.1%

PANW Palo Alto Networks Inc 0.1%

Value ($000) $525 Shares 2,850 Est. Cost $191.42 Unrealized +5.4%

PCAR Paccar Inc 0.0%

Value ($000) $427 Shares 3,900 Est. Cost $52.02 Unrealized +94.6%

NVS Novartis A G Spon ADR 0.1%

Value ($000) $599 Shares 4,347 Est. Cost $70.98 Unrealized —

BLK Blackrock Inc 0.0%

Value ($000) $428 Shares 400 Est. Cost $933.09 Unrealized +16.8%

SO Southern Co 0.0%

Value ($000) $404 Shares 4,629 Est. Cost $35.80 Unrealized +153.9%

NSRGY Nestle S A Spon ADR 0.1%

Value ($000) $488 Shares 4,940 Est. Cost $76.90 Unrealized —

KVUE Kenvue Inc 0.1%

Value ($000) $583 Shares 33,802 Est. Cost $20.79 Unrealized -21.8%

WDOFF Wesdome Gold Mines Ltd 0.1%

Value ($000) $501 Shares 30,250 Est. Cost $11.88 Unrealized +33.1%

VTWO Vanguard Russell 2000 Index Fund 0.2%

Value ($000) $1,692 Shares 17,000 Est. Cost $0.09 Unrealized —

AMT American Tower Corp 0.0%

Value ($000) $290 Shares 1,650 Est. Cost $204.56 Unrealized -11.9%

SPGI S&P Global Inc 0.0%

Value ($000) $392 Shares 750 Est. Cost $496.65 Unrealized -0.5%

AGI Alamos Gold Inc Cl A 0.0%

Value ($000) $270 Shares 7,000 Est. Cost $28.59 Unrealized +21.9%

WFC Wells Fargo Co 0.0%

Value ($000) $233 Shares 2,500 Est. Cost $71.15 Unrealized +21.8%

ACIW ACI Worldwide Inc 0.0%

Value ($000) $221 Shares 4,625 Est. Cost $45.71 Unrealized +6.1%

QUAL iShares MSCI USA Quality Factor ETF 0.1%

Value ($000) $1,100 Shares 5,540 Est. Cost $0.17 Unrealized —

IVV iShares Core S&P 500 ETF 0.2%

Value ($000) $1,554 Shares 2,269 Est. Cost $135.94 Unrealized —

FANG Diamondback Energy Inc 0.0%

Value ($000) $436 Shares 2,900 Est. Cost $136.16 Unrealized +8.0%

RTX United Technologies Corp 0.0%

Value ($000) $229 Shares 1,250 Est. Cost $154.28 Unrealized +12.3%

MMM 3M Co 0.1%

Value ($000) $566 Shares 3,536 Est. Cost $112.18 Unrealized +45.5%

D Dominion Energy Inc 0.0%

Value ($000) $273 Shares 4,655 Est. Cost $46.72 Unrealized +27.9%

RSP Healthpeak Properties Inc 0.1%

Value ($000) $1,197 Shares 6,250 Est. Cost $0.17 Unrealized —

SCHW The Charles Schwab Corp 0.0%

Value ($000) $240 Shares 2,400 Est. Cost $83.15 Unrealized +13.9%

VO Vanguard Mid-Cap Index Fund 0.0%

Value ($000) $212 Shares 730 Est. Cost $279.83 Unrealized —

ACMR ACM Research Inc 0.0%

Value ($000) $233 Shares 5,900 Est. Cost $29.69 Unrealized +25.5%

MCHP Microchip Technology Inc 0.0%

Value ($000) $223 Shares 3,500 Est. Cost $53.89 Unrealized +13.9%

BA Boeing Co 0.0%

Value ($000) $239 Shares 1,100 Est. Cost $188.88 Unrealized +8.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corp	212,483	$41,415	4.6%	$47.00	+406.5%	COM	68389X105
LRCX	Lam Research Corp	100,250	$17,161	1.9%	$76.05	+104.3%	COM	512807306
AAPL	Apple Inc	212,967	$57,897	6.5%	$89.01	+201.5%	COM	037833100
COST	Costco Wholesale Corp	49,133	$42,369	4.7%	$183.21	+394.4%	COM	22160K105
AMD	Advanced Micro Devices Inc	13,100	$2,805	0.3%	$161.38	+39.2%	COM	007903107
GS	Goldman Sachs Group Inc	5,100	$4,483	0.5%	$457.13	+77.9%	COM	38141G104
AVGO	Broadcom Inc	18,200	$6,299	0.7%	$215.92	+65.3%	COM	11135F101
BRK/B	Berkshire Hathaway Inc Cl B	58,206	$29,257	3.3%	$208.30	+138.9%	COM	084670702
PG	Procter & Gamble Co	19,564	$2,804	0.3%	$117.87	+24.9%	COM	742718109
CAT	Caterpillar Inc	1,800	$1,031	0.1%	$330.84	+67.9%	COM	149123101
KO	Coca Cola Co	46,097	$3,223	0.4%	$30.06	+130.9%	COM	191216100
WMT	Walmart Inc	12,625	$1,407	0.2%	$47.86	+124.0%	COM	931142103
ABBV	Abbvie Inc	111,394	$25,452	2.8%	$61.94	+267.3%	COM	00287Y109
CPAY	Fleetcor Technologies Inc	7,300	$2,197	0.2%	$292.49	-0.7%	COM	219948106
DT	Dynatrace Inc	15,000	$650	0.1%	$46.07	+1.2%	COM	268150109
HD	Home Depot Inc	1,250	$430	0.0%	$348.54	+4.6%	COM	437076102
LIN	Linde Plc	1,415	$603	0.1%	$452.31	-5.5%	COM	G54950103
CMA	Comerica Inc	3,334	$290	0.0%	$66.25	+20.7%	COM	200340107
RGLD	Royal Gold Inc	2,600	$578	0.1%	$53.03	+274.1%	COM	780287108
PANW	Palo Alto Networks Inc	2,850	$525	0.1%	$191.42	+5.4%	COM	697435105
PCAR	Paccar Inc	3,900	$427	0.0%	$52.02	+94.6%	COM	693718108
NVS	Novartis A G Spon ADR	4,347	$599	0.1%	$70.98	—	COM	66987V109
BLK	Blackrock Inc	400	$428	0.0%	$933.09	+16.8%	COM	09290D101
SO	Southern Co	4,629	$404	0.0%	$35.80	+153.9%	COM	842587107
NSRGY	Nestle S A Spon ADR	4,940	$488	0.1%	$76.90	—	COM	641069406
KVUE	Kenvue Inc	33,802	$583	0.1%	$20.79	-21.8%	COM	49177J102
WDOFF	Wesdome Gold Mines Ltd	30,250	$501	0.1%	$11.88	+33.1%	COM	95083R100
VTWO	Vanguard Russell 2000 Index Fund	17,000	$1,692	0.2%	$0.09	—	COM	92206C664
AMT	American Tower Corp	1,650	$290	0.0%	$204.56	-11.9%	COM	03027X100
SPGI	S&P Global Inc	750	$392	0.0%	$496.65	-0.5%	COM	78409V104
AGI	Alamos Gold Inc Cl A	7,000	$270	0.0%	$28.59	+21.9%	COM	011532108
WFC	Wells Fargo Co	2,500	$233	0.0%	$71.15	+21.8%	COM	949746101
ACIW	ACI Worldwide Inc	4,625	$221	0.0%	$45.71	+6.1%	COM	004498101
QUAL	iShares MSCI USA Quality Factor ETF	5,540	$1,100	0.1%	$0.17	—	COM	46432F339
IVV	iShares Core S&P 500 ETF	2,269	$1,554	0.2%	$135.94	—	COM	464287200
FANG	Diamondback Energy Inc	2,900	$436	0.0%	$136.16	+8.0%	COM	25278X109
RTX	United Technologies Corp	1,250	$229	0.0%	$154.28	+12.3%	COM	75513E101
MMM	3M Co	3,536	$566	0.1%	$112.18	+45.5%	COM	88579Y101
D	Dominion Energy Inc	4,655	$273	0.0%	$46.72	+27.9%	COM	25746U109
RSP	Healthpeak Properties Inc	6,250	$1,197	0.1%	$0.17	—	COM	46137V357
SCHW	The Charles Schwab Corp	2,400	$240	0.0%	$83.15	+13.9%	COM	808513105
VO	Vanguard Mid-Cap Index Fund	730	$212	0.0%	$279.83	—	COM	922908629
ACMR	ACM Research Inc	5,900	$233	0.0%	$29.69	+25.5%	COM	00108J109
MCHP	Microchip Technology Inc	3,500	$223	0.0%	$53.89	+13.9%	COM	595017104
BA	Boeing Co	1,100	$239	0.0%	$188.88	+8.9%	COM	097023105