Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	Microsoft Corporation	101,055 (+32.6%)	$51.83M (+82.3%)	6.4%	$512.90	$148.82	+244.6%	COM	594918104
VZ	Verizon Communications	16,110 (+6.6%)	$739K (+15.5%)	0.1%	$45.87	$41.14	+11.5%	COM	92343V104

Exited Positions (1)

XOM Exxon Mobil Corporation 0.1%

Value $792K Shares 5,794 Share Price $136.72 * Est. Cost/Share $71.65 Unrealized @ Report Date +127.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	Exxon Mobil Corporation	5,794	$792K	0.1%	$136.72 *	$71.65	+127.1%	—	30231G102

Decreased Positions (8)

ROST Ross Stores Inc. 4.6%

Value $37.33M (-25.6%) Shares 159,948 (-32.2%) Share Price $233.40 Est. Cost/Share $87.67 Unrealized @ Report Date +166.2%

C Citigroup Inc. 5.4%

Value $43.4M (-16.3%) Shares 335,223 (-9.5%) Share Price $129.48 Est. Cost/Share $39.15 Unrealized @ Report Date +230.7%

CSCO Cisco Systems Inc. 5.3%

Value $43M (-12.2%) Shares 399,557 (-4.2%) Share Price $107.63 Est. Cost/Share $25.65 Unrealized @ Report Date +319.7%

JPM JPMorgan Chase & Co. 6.6%

Value $53.54M (-9.3%) Shares 161,844 (-10.3%) Share Price $330.83 Est. Cost/Share $42.36 Unrealized @ Report Date +681.0%

TXN Texas Instruments Inc. 3.3%

Value $26.33M (-14.5%) Shares 93,996 (-9.0%) Share Price $280.09 Est. Cost/Share $161.83 Unrealized @ Report Date +73.1%

GOOG Alphabet Inc., Class C 6.5%

Value $52.78M (-6.6%) Shares 154,895 (-3.2%) Share Price $340.74 Est. Cost/Share $107.01 Unrealized @ Report Date +218.4%

UNP Union Pacific Corporation 0.4%

Value $3.118M (-2.1%) Shares 11,456 (-2.1%) Share Price $272.13 Est. Cost/Share $195.87 Unrealized @ Report Date +38.9%

JNJ Johnson & Johnson 0.3%

Value $2.166M (+1.8%) Shares 8,181 (-2.4%) Share Price $264.74 Est. Cost/Share $113.47 Unrealized @ Report Date +133.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ROST	Ross Stores Inc.	159,948 (-32.2%)	$37.33M (-25.6%)	4.6%	$233.40	$87.67	+166.2%	COM	778296103
C	Citigroup Inc.	335,223 (-9.5%)	$43.4M (-16.3%)	5.4%	$129.48	$39.15	+230.7%	COM	172967424
CSCO	Cisco Systems Inc.	399,557 (-4.2%)	$43M (-12.2%)	5.3%	$107.63	$25.65	+319.7%	COM	17275R102
JPM	JPMorgan Chase & Co.	161,844 (-10.3%)	$53.54M (-9.3%)	6.6%	$330.83	$42.36	+681.0%	COM	46625H100
TXN	Texas Instruments Inc.	93,996 (-9.0%)	$26.33M (-14.5%)	3.3%	$280.09	$161.83	+73.1%	COM	882508104
GOOG	Alphabet Inc., Class C	154,895 (-3.2%)	$52.78M (-6.6%)	6.5%	$340.74	$107.01	+218.4%	COM	02079K107
UNP	Union Pacific Corporation	11,456 (-2.1%)	$3.118M (-2.1%)	0.4%	$272.13	$195.87	+38.9%	COM	907818108
JNJ	Johnson & Johnson	8,181 (-2.4%)	$2.166M (+1.8%)	0.3%	$264.74	$113.47	+133.3%	COM	478160104

Unchanged Positions (61)

TMO Thermo Fisher Scientific Inc. 5.5%

Value $44.46M Shares 65,862 Share Price $675.05 Est. Cost/Share $422.37 Unrealized @ Report Date +59.8%

META Meta Platforms Inc. 5.6%

Value $45.62M Shares 62,911 Share Price $725.18 Est. Cost/Share $180.74 Unrealized @ Report Date +301.2%

AEP American Electric Power Company Inc. 5.7%

Value $46.02M Shares 387,904 Share Price $118.64 Est. Cost/Share $72.92 Unrealized @ Report Date +62.7%

GILD Gilead Sciences Inc. 4.6%

Value $37.36M Shares 250,681 Share Price $149.05 Est. Cost/Share $54.50 Unrealized @ Report Date +173.5%

PFE Pfizer Inc. 3.6%

Value $29.21M Shares 1,024,320 Share Price $28.52 Est. Cost/Share $20.78 Unrealized @ Report Date +37.3%

UPS United Parcel Service Inc. 2.5%

Value $19.91M Shares 213,111 Share Price $93.44 Est. Cost/Share $91.09 Unrealized @ Report Date +2.6%

MS Morgan Stanley 2.7%

Value $22.01M Shares 117,027 Share Price $188.08 Est. Cost/Share $85.61 Unrealized @ Report Date +119.7%

MDT Medtronic PLC 3.2%

Value $26.17M Shares 303,318 Share Price $86.29 Est. Cost/Share $88.18 Unrealized @ Report Date -2.1%

EOG EOG Resources Inc. 3.5%

Value $28.64M Shares 207,873 Share Price $137.76 Est. Cost/Share $107.00 Unrealized @ Report Date +28.7%

FERG Ferguson Enterprises Inc. 2.7%

Value $21.56M Shares 96,856 Share Price $222.62 Est. Cost/Share $172.04 Unrealized @ Report Date +29.4%

GLW Corning Inc. 0.3%

Value $2.11M Shares 13,725 Share Price $153.76 Est. Cost/Share $32.33 Unrealized @ Report Date +375.6%

DG Dollar General Corporation 4.1%

Value $32.99M Shares 275,855 Share Price $119.58 Est. Cost/Share $86.59 Unrealized @ Report Date +38.1%

HONA Honeywell Aerospace Inc. 0.3%

Value $2.342M Shares 15,114 Share Price $154.96 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

KMX CarMax Inc. 3.1%

Value $25.27M Shares 458,465 Share Price $55.11 Est. Cost/Share $55.13 Unrealized @ Report Date -0.0%

V Visa Inc. 2.7%

Value $21.69M Shares 60,363 Share Price $359.33 Est. Cost/Share $274.15 Unrealized @ Report Date +31.1%

CVX Chevron Corporation 0.2%

Value $1.304M Shares 6,386 Share Price $204.21 Est. Cost/Share $93.38 Unrealized @ Report Date +118.7%

DHR Danaher Corporation 0.2%

Value $1.629M Shares 7,355 Share Price $221.55 Est. Cost/Share $26.26 Unrealized @ Report Date +743.5%

HON Honeywell International Inc. 0.4%

Value $3.188M Shares 15,114 Share Price $210.93 Est. Cost/Share $223.89 Unrealized @ Report Date —

AJG Arthur J. Gallagher & Co. 4.2%

Value $34.17M Shares 149,800 Share Price $228.11 Est. Cost/Share $212.34 Unrealized @ Report Date +7.4%

KR The Kroger Co. 0.3%

Value $2.565M Shares 43,760 Share Price $58.62 Est. Cost/Share $45.75 Unrealized @ Report Date +28.1%

EXC Exelon Corporation 0.1%

Value $457K Shares 11,307 Share Price $40.40 Est. Cost/Share $28.36 Unrealized @ Report Date +42.4%

T AT&T Inc. 0.1%

Value $420K Shares 17,210 Share Price $24.40 Est. Cost/Share $16.57 Unrealized @ Report Date +47.3%

MRK Merck & Co., Inc. 0.1%

Value $543K Shares 3,735 Share Price $145.31 Est. Cost/Share $92.00 Unrealized @ Report Date +57.9%

GOOGL Alphabet Inc. 0.2%

Value $1.5M Shares 4,360 Share Price $344.08 Est. Cost/Share $106.42 Unrealized @ Report Date +223.3%

TROW T Rowe Price Group 0.0%

Value $389K Shares 3,740 Share Price $104.05 Est. Cost/Share $47.69 Unrealized @ Report Date +118.2%

ABBV AbbVie Inc. 0.1%

Value $904K Shares 3,456 Share Price $261.59 Est. Cost/Share $137.22 Unrealized @ Report Date +90.6%

LLY Eli Lilly And Company 0.1%

Value $890K Shares 769 Share Price $1157.08 Est. Cost/Share $345.79 Unrealized @ Report Date +234.6%

KMB Kimberly-Clark Corporation 0.0%

Value $208K Shares 2,134 Share Price $97.43 Est. Cost/Share $96.83 Unrealized @ Report Date +0.6%

ABT Abbott Laboratories 0.0%

Value $246K Shares 2,490 Share Price $98.83 Est. Cost/Share $97.62 Unrealized @ Report Date +1.2%

CSX CSX Corporation 0.1%

Value $737K Shares 15,840 Share Price $46.51 Est. Cost/Share $28.73 Unrealized @ Report Date +61.9%

NEM Newmont Corporation 0.0%

Value $74,971 Shares 650 Share Price $115.34 Est. Cost/Share $43.26 Unrealized @ Report Date +166.7%

FSV FirstService Corporation 0.0%

Value $128K Shares 1,000 Share Price $127.88 Est. Cost/Share $86.95 Unrealized @ Report Date +47.1%

BAC Bank Of America Corp 0.0%

Value $291K Shares 5,350 Share Price $54.43 Est. Cost/Share $32.80 Unrealized @ Report Date +65.9%

AUGO Aura Minerals Inc. 0.0%

Value $62,551 Shares 795 Share Price $78.68 Est. Cost/Share $70.07 Unrealized @ Report Date +12.3%

B Barrick Mining Corp. 0.0%

Value $93,541 Shares 2,300 Share Price $40.67 Est. Cost/Share $20.94 Unrealized @ Report Date +94.2%

BIIB Biogen Inc. 0.0%

Value $208K Shares 920 Share Price $225.88 Est. Cost/Share $142.96 Unrealized @ Report Date +58.0%

BHC Bausch Health Companies Inc. 0.0%

Value $49,555 Shares 8,500 Share Price $5.83 Est. Cost/Share $22.90 Unrealized @ Report Date -74.5%

FNV Franco-Nevada Corporation 0.0%

Value $59,528 Shares 250 Share Price $238.11 Est. Cost/Share $143.39 Unrealized @ Report Date +66.1%

MA Mastercard Inc. 0.0%

Value $108K Shares 195 Share Price $551.47 Est. Cost/Share $542.01 Unrealized @ Report Date +1.7%

CL Colgate - Palmolive Company 0.0%

Value $82,419 Shares 966 Share Price $85.32 Est. Cost/Share $87.83 Unrealized @ Report Date -2.9%

GDXJ Vaneck Junior Gold Miners ETF 0.0%

Value $39,883 Shares 350 Share Price $113.95 Est. Cost/Share $54.19 Unrealized @ Report Date +110.3%

WMT Walmart Inc. 0.0%

Value $57,676 Shares 555 Share Price $103.92 Est. Cost/Share $93.91 Unrealized @ Report Date +10.7%

BMY Bristol-Myers Squibb Company 0.0%

Value $59,467 Shares 953 Share Price $62.40 Est. Cost/Share $55.48 Unrealized @ Report Date +12.5%

AXP American Express 0.0%

Value $38,013 Shares 125 Share Price $304.10 Est. Cost/Share $292.46 Unrealized @ Report Date +4.0%

BDX Becton Dickinson & Co 0.0%

Value $26,850 Shares 150 Share Price $179.00 Est. Cost/Share $227.37 Unrealized @ Report Date -21.3%

ORCL Oracle Corporation 0.0%

Value $54,920 Shares 400 Share Price $137.30 Est. Cost/Share $161.57 Unrealized @ Report Date -15.0%

PRAA PRA Group Inc. 0.0%

Value $122K Shares 6,270 Share Price $19.49 Est. Cost/Share $37.92 Unrealized @ Report Date -48.6%

NVS Novartis AG-ADR 0.0%

Value $31,365 Shares 220 Share Price $142.57 Est. Cost/Share $106.46 Unrealized @ Report Date +33.9%

VLTO Veralto Corporation 0.0%

Value $50,367 Shares 534 Share Price $94.32 Est. Cost/Share $99.37 Unrealized @ Report Date -5.1%

AAPL Apple Inc. 0.0%

Value $19,981 Shares 60 Share Price $333.02 Est. Cost/Share $208.18 Unrealized @ Report Date +60.0%

COST Costco Wholesale Corporation 0.0%

Value $91,034 Shares 100 Share Price $910.34 Est. Cost/Share $979.20 Unrealized @ Report Date -7.0%

PG Procter & Gamble Co 0.0%

Value $262K Shares 1,800 Share Price $145.28 Est. Cost/Share $129.79 Unrealized @ Report Date +11.9%

WAT Waters Corporation 0.0%

Value $8,788 Shares 20 Share Price $439.40 Est. Cost/Share $342.06 Unrealized @ Report Date +28.5%

SLV IShares Silver Trust 0.0%

Value $40,883 Shares 750 Share Price $54.51 Est. Cost/Share $31.34 Unrealized @ Report Date +73.9%

VEA Vanguard FTSE Developed Markets ETF 0.0%

Value $35,305 Shares 500 Share Price $70.61 Est. Cost/Share $69.66 Unrealized @ Report Date +1.4%

VWO Vanguard FTSE Emerging Markets ETF 0.0%

Value $25,207 Shares 425 Share Price $59.31 Est. Cost/Share $58.77 Unrealized @ Report Date +0.9%

BRK/B Berkshire Hathaway Class B 0.0%

Value $30,375 Shares 61 Share Price $497.95 Est. Cost/Share $499.89 Unrealized @ Report Date -0.4%

— Abrdn Healthcare Investors 0.0%

Value $2,110 Shares 101 Share Price $20.89 Est. Cost/Share $17.79 Unrealized @ Report Date —

— Abrdn Life Sciences Investors 0.0%

Value $598 Shares 32 Share Price $18.69 Est. Cost/Share $16.28 Unrealized @ Report Date —

EFA IShares MSCI EAFE ETF 0.0%

Value $77,918 Shares 750 Share Price $103.89 Est. Cost/Share $82.68 Unrealized @ Report Date +25.7%

— CB144A Appvion Esc Npv 0.0%

Value $1,513 Shares 1 Share Price $1513.00 Est. Cost/Share $2177.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TMO	Thermo Fisher Scientific Inc.	65,862	$44.46M	5.5%	$675.05	$422.37	+59.8%	COM	883556102
META	Meta Platforms Inc.	62,911	$45.62M	5.6%	$725.18	$180.74	+301.2%	COM	30303M102
AEP	American Electric Power Company Inc.	387,904	$46.02M	5.7%	$118.64	$72.92	+62.7%	COM	025537101
GILD	Gilead Sciences Inc.	250,681	$37.36M	4.6%	$149.05	$54.50	+173.5%	COM	375558103
PFE	Pfizer Inc.	1,024,320	$29.21M	3.6%	$28.52	$20.78	+37.3%	COM	717081103
UPS	United Parcel Service Inc.	213,111	$19.91M	2.5%	$93.44	$91.09	+2.6%	COM	911312106
MS	Morgan Stanley	117,027	$22.01M	2.7%	$188.08	$85.61	+119.7%	COM	617446448
MDT	Medtronic PLC	303,318	$26.17M	3.2%	$86.29	$88.18	-2.1%	COM	G5960L103
EOG	EOG Resources Inc.	207,873	$28.64M	3.5%	$137.76	$107.00	+28.7%	COM	26875P101
FERG	Ferguson Enterprises Inc.	96,856	$21.56M	2.7%	$222.62	$172.04	+29.4%	COM	31488V107
GLW	Corning Inc.	13,725	$2.11M	0.3%	$153.76	$32.33	+375.6%	COM	219350105
DG	Dollar General Corporation	275,855	$32.99M	4.1%	$119.58	$86.59	+38.1%	COM	256677105
HONA	Honeywell Aerospace Inc.	15,114	$2.342M	0.3%	$154.96	$240.18	-35.5%	COM	43849R105
KMX	CarMax Inc.	458,465	$25.27M	3.1%	$55.11	$55.13	-0.0%	COM	143130102
V	Visa Inc.	60,363	$21.69M	2.7%	$359.33	$274.15	+31.1%	COM	92826C839
CVX	Chevron Corporation	6,386	$1.304M	0.2%	$204.21	$93.38	+118.7%	COM	166764100
DHR	Danaher Corporation	7,355	$1.629M	0.2%	$221.55	$26.26	+743.5%	COM	235851102
HON	Honeywell International Inc.	15,114	$3.188M	0.4%	$210.93	$223.89	—	COM	438516205
AJG	Arthur J. Gallagher & Co.	149,800	$34.17M	4.2%	$228.11	$212.34	+7.4%	COM	363576109
KR	The Kroger Co.	43,760	$2.565M	0.3%	$58.62	$45.75	+28.1%	COM	501044101
EXC	Exelon Corporation	11,307	$457K	0.1%	$40.40	$28.36	+42.4%	COM	30161N101
T	AT&T Inc.	17,210	$420K	0.1%	$24.40	$16.57	+47.3%	COM	00206R102
MRK	Merck & Co., Inc.	3,735	$543K	0.1%	$145.31	$92.00	+57.9%	COM	58933Y105
GOOGL	Alphabet Inc.	4,360	$1.5M	0.2%	$344.08	$106.42	+223.3%	COM	02079K305
TROW	T Rowe Price Group	3,740	$389K	0.0%	$104.05	$47.69	+118.2%	COM	74144T108
ABBV	AbbVie Inc.	3,456	$904K	0.1%	$261.59	$137.22	+90.6%	COM	00287Y109
LLY	Eli Lilly And Company	769	$890K	0.1%	$1157.08	$345.79	+234.6%	COM	532457108
KMB	Kimberly-Clark Corporation	2,134	$208K	0.0%	$97.43	$96.83	+0.6%	COM	494368103
ABT	Abbott Laboratories	2,490	$246K	0.0%	$98.83	$97.62	+1.2%	COM	002824100
CSX	CSX Corporation	15,840	$737K	0.1%	$46.51	$28.73	+61.9%	COM	126408103
NEM	Newmont Corporation	650	$74,971	0.0%	$115.34	$43.26	+166.7%	COM	651639106
FSV	FirstService Corporation	1,000	$128K	0.0%	$127.88	$86.95	+47.1%	COM	33767E202
BAC	Bank Of America Corp	5,350	$291K	0.0%	$54.43	$32.80	+65.9%	COM	060505104
AUGO	Aura Minerals Inc.	795	$62,551	0.0%	$78.68	$70.07	+12.3%	COM	G06973112
B	Barrick Mining Corp.	2,300	$93,541	0.0%	$40.67	$20.94	+94.2%	COM	06849F108
BIIB	Biogen Inc.	920	$208K	0.0%	$225.88	$142.96	+58.0%	COM	09062X103
BHC	Bausch Health Companies Inc.	8,500	$49,555	0.0%	$5.83	$22.90	-74.5%	COM	071734107
FNV	Franco-Nevada Corporation	250	$59,528	0.0%	$238.11	$143.39	+66.1%	COM	351858105
MA	Mastercard Inc.	195	$108K	0.0%	$551.47	$542.01	+1.7%	COM	57636Q104
CL	Colgate - Palmolive Company	966	$82,419	0.0%	$85.32	$87.83	-2.9%	COM	194162103
GDXJ	Vaneck Junior Gold Miners ETF	350	$39,883	0.0%	$113.95	$54.19	+110.3%	COM	92189F791
WMT	Walmart Inc.	555	$57,676	0.0%	$103.92	$93.91	+10.7%	COM	931142103
BMY	Bristol-Myers Squibb Company	953	$59,467	0.0%	$62.40	$55.48	+12.5%	COM	110122108
AXP	American Express	125	$38,013	0.0%	$304.10	$292.46	+4.0%	COM	025816109
BDX	Becton Dickinson & Co	150	$26,850	0.0%	$179.00	$227.37	-21.3%	COM	075887109
ORCL	Oracle Corporation	400	$54,920	0.0%	$137.30	$161.57	-15.0%	COM	68389X105
PRAA	PRA Group Inc.	6,270	$122K	0.0%	$19.49	$37.92	-48.6%	COM	69354N106
NVS	Novartis AG-ADR	220	$31,365	0.0%	$142.57	$106.46	+33.9%	COM	66987V109
VLTO	Veralto Corporation	534	$50,367	0.0%	$94.32	$99.37	-5.1%	COM	92338C103
AAPL	Apple Inc.	60	$19,981	0.0%	$333.02	$208.18	+60.0%	COM	037833100
COST	Costco Wholesale Corporation	100	$91,034	0.0%	$910.34	$979.20	-7.0%	COM	22160K105
PG	Procter & Gamble Co	1,800	$262K	0.0%	$145.28	$129.79	+11.9%	COM	742718109
WAT	Waters Corporation	20	$8,788	0.0%	$439.40	$342.06	+28.5%	COM	941848103
SLV	IShares Silver Trust	750	$40,883	0.0%	$54.51	$31.34	+73.9%	COM	46428Q109
VEA	Vanguard FTSE Developed Markets ETF	500	$35,305	0.0%	$70.61	$69.66	+1.4%	COM	921943858
VWO	Vanguard FTSE Emerging Markets ETF	425	$25,207	0.0%	$59.31	$58.77	+0.9%	COM	922042858
BRK/B	Berkshire Hathaway Class B	61	$30,375	0.0%	$497.95	$499.89	-0.4%	COM	084670702
—	Abrdn Healthcare Investors	101	$2,110	0.0%	$20.89	$17.79	—	COM	87911J103
—	Abrdn Life Sciences Investors	32	$598	0.0%	$18.69	$16.28	—	COM	87911K100
EFA	IShares MSCI EAFE ETF	750	$77,918	0.0%	$103.89	$82.68	+25.7%	COM	464287465
—	CB144A Appvion Esc Npv	1	$1,513	0.0%	$1513.00	$2177.00	—	COM	038ESC026