Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRI	THOMSON REUTERS CORP	124,012	$10.13M	2.9%	$81.67	—	COM	884903881
WFC	WELLS FARGO & CO	60,000	$4.958M	1.4%	$82.64	—	COM	949746101
PYPL	PAYPAL HOLDINGS INC	100,000	$4.318M	1.2%	$43.18	—	COM	70450Y103
FIG	FIGMA INC	200,000	$3.618M	1.0%	$18.09	—	CLASS A	316841105
GLW	CORNING INC	3,200	$817K	0.2%	$255.43	—	COM	219350105
SHY	iShares 1-3 Year Treasury Bond ETF	9,385	$771K	0.2%	$82.11	—	1 3 YR TREAS BD	464287457
CRH	CRH PLC	5,035	$539K	0.2%	$107.00	—	ORD	G25508105
SPY	SPDR S&P 500 ETF TRUST	365	$273K	0.1%	$748.67	—	TR UNIT	78462F103
CAT	CATERPILLAR INC	235	$250K	0.1%	$1064.90	—	COM	149123101

Increased Positions (18)

NET CLOUDFLARE INC 5.1%

Value $18M (+37.6%) Shares 73,384 (+15.8%) Est. Cost $137.67 Unrealized —

META META PLATFORMS INC 6.4%

Value $22.55M (+17.2%) Shares 40,030 (+19.1%) Est. Cost $472.90 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 4.8%

Value $16.84M (+21.5%) Shares 33,558 (+19.1%) Est. Cost $512.00 Unrealized —

AAPL APPLE INC 2.2%

Value $7.585M (+38.6%) Shares 26,214 (+21.6%) Est. Cost $226.32 Unrealized —

SYK STRYKER CORP 3.8%

Value $13.29M (+14.3%) Shares 42,090 (+19.3%) Est. Cost $225.51 Unrealized —

SHOP SHOPIFY INC 2.3%

Value $7.993M (+20.0%) Shares 70,000 (+24.7%) Est. Cost $132.04 Unrealized —

ACN ACCENTURE PLC 0.8%

Value $2.757M (+56.9%) Shares 22,152 (+150.0%) Est. Cost $195.58 Unrealized —

V VISA INC 1.8%

Value $6.185M (+16.2%) Shares 18,026 (+2.3%) Est. Cost $336.34 Unrealized —

CHTR CHARTER COMMUNICATIONS INC 2.2%

Value $7.663M (-8.6%) Shares 53,888 (+38.8%) Est. Cost $250.96 Unrealized —

MCD MCDONALD'S CORP 1.7%

Value $6.054M (-10.6%) Shares 22,396 (+2.8%) Est. Cost $272.70 Unrealized —

MSFT MICROSOFT CORP 6.7%

Value $23.43M (+2.5%) Shares 62,815 (+1.8%) Est. Cost $396.40 Unrealized —

HD HOME DEPOT INC 1.5%

Value $5.258M (+11.6%) Shares 14,910 (+4.1%) Est. Cost $371.41 Unrealized —

UL UNILEVER PLC 1.0%

Value $3.665M (+12.2%) Shares 60,960 (+6.3%) Est. Cost $63.92 Unrealized —

ABT ABBOTT LABORATORIES 1.1%

Value $3.947M (-5.7%) Shares 43,502 (+6.7%) Est. Cost $122.34 Unrealized —

XYL XYLEM INC 1.2%

Value $4.068M (+4.5%) Shares 34,415 (+5.6%) Est. Cost $123.36 Unrealized —

DIS WALT DISNEY CO 1.1%

Value $3.771M (+4.8%) Shares 38,872 (+4.1%) Est. Cost $106.27 Unrealized —

OTIS OTIS WORLDWIDE CORP 1.1%

Value $3.976M (-1.2%) Shares 55,527 (+6.3%) Est. Cost $93.61 Unrealized —

SPGI S&P GLOBAL INC 1.2%

Value $4.181M (-0.7%) Shares 10,266 (+3.7%) Est. Cost $501.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NET	CLOUDFLARE INC	73,384 (+15.8%)	$18M (+37.6%)	5.1%	$137.67	—	CL A COM	18915M107
META	META PLATFORMS INC	40,030 (+19.1%)	$22.55M (+17.2%)	6.4%	$472.90	—	CL A	30303M102
TMO	THERMO FISHER SCIENTIFIC INC	33,558 (+19.1%)	$16.84M (+21.5%)	4.8%	$512.00	—	COM	883556102
AAPL	APPLE INC	26,214 (+21.6%)	$7.585M (+38.6%)	2.2%	$226.32	—	COM	037833100
SYK	STRYKER CORP	42,090 (+19.3%)	$13.29M (+14.3%)	3.8%	$225.51	—	COM	863667101
SHOP	SHOPIFY INC	70,000 (+24.7%)	$7.993M (+20.0%)	2.3%	$132.04	—	CL A SUB VTG SHS	82509L107
ACN	ACCENTURE PLC	22,152 (+150.0%)	$2.757M (+56.9%)	0.8%	$195.58	—	SHS CLASS A	G1151C101
V	VISA INC	18,026 (+2.3%)	$6.185M (+16.2%)	1.8%	$336.34	—	COM CL A	92826C839
CHTR	CHARTER COMMUNICATIONS INC	53,888 (+38.8%)	$7.663M (-8.6%)	2.2%	$250.96	—	CL A	16119P108
MCD	MCDONALD'S CORP	22,396 (+2.8%)	$6.054M (-10.6%)	1.7%	$272.70	—	COM	580135101
MSFT	MICROSOFT CORP	62,815 (+1.8%)	$23.43M (+2.5%)	6.7%	$396.40	—	COM	594918104
HD	HOME DEPOT INC	14,910 (+4.1%)	$5.258M (+11.6%)	1.5%	$371.41	—	COM	437076102
UL	UNILEVER PLC	60,960 (+6.3%)	$3.665M (+12.2%)	1.0%	$63.92	—	SPON ADR NEW	904767803
ABT	ABBOTT LABORATORIES	43,502 (+6.7%)	$3.947M (-5.7%)	1.1%	$122.34	—	COM	002824100
XYL	XYLEM INC	34,415 (+5.6%)	$4.068M (+4.5%)	1.2%	$123.36	—	COM	98419M100
DIS	WALT DISNEY CO	38,872 (+4.1%)	$3.771M (+4.8%)	1.1%	$106.27	—	COM	254687106
OTIS	OTIS WORLDWIDE CORP	55,527 (+6.3%)	$3.976M (-1.2%)	1.1%	$93.61	—	COM	68902V107
SPGI	S&P GLOBAL INC	10,266 (+3.7%)	$4.181M (-0.7%)	1.2%	$501.84	—	COM	78409V104

Exited Positions (18)

RY ROYAL BANK OF CANADA 3.5%

Value $12.38M Shares 76,792 Est. Cost $113.35 Unrealized —

TRI THOMSON REUTERS CORP-NEW 3.2%

Value $11.34M Shares 126,045 Est. Cost $107.05 Unrealized —

FTS FORTIS INC 2.5%

Value $8.916M Shares 160,324 Est. Cost $42.30 Unrealized —

TD TORONTO DOMINION BANK 2.0%

Value $6.865M Shares 73,733 Est. Cost $60.76 Unrealized —

BN BROOKFIELD CORPORATION CL-A LVS 1.8%

Value $6.319M Shares 156,430 Est. Cost $39.42 Unrealized —

ENB ENBRIDGE INC 1.6%

Value $5.724M Shares 105,933 Est. Cost $43.52 Unrealized —

BNS BANK OF NOVA SCOTIA 1.5%

Value $5.211M Shares 75,384 Est. Cost $48.65 Unrealized —

PBA PEMBINA PIPELINE CORP 1.5%

Value $5.202M Shares 116,582 Est. Cost $36.72 Unrealized —

CNI CANADIAN NATIONAL RAILWAY 1.4%

Value $4.864M Shares 47,404 Est. Cost $99.15 Unrealized —

BEP BROOKFIELD RENEWABLE PARTNERS LP 1.3%

Value $4.514M Shares 138,822 Est. Cost $22.15 Unrealized —

GIB CGI INC CL-A SUB VTG 0.9%

Value $3.31M Shares 45,425 Est. Cost $104.02 Unrealized —

DHR DANAHER CORP 0.5%

Value $1.708M Shares 8,990 Est. Cost $199.29 Unrealized —

BIP BROOKFIELD INFRASTRUCTURE PARTNERS LP 0.2%

Value $701K Shares 19,422 Est. Cost $38.43 Unrealized —

BMO BANK OF MONTREAL 0.1%

Value $503K Shares 3,725 Est. Cost $93.55 Unrealized —

UBER UBER TECHNOLOGIES INC 0.1%

Value $360K Shares 5,000 Est. Cost $78.72 Unrealized —

CNQ CANADIAN NATURAL RESOURCES LTD 0.1%

Value $218K Shares 4,440 Est. Cost $37.20 Unrealized —

BTE BAYTEX ENERGY CORP 0.0%

Value $88,482 Shares 19,780 Est. Cost $2.14 Unrealized —

AQN ALGONQUIN POWER & UTILITIES CORP 0.0%

Value $67,436 Shares 10,929 Est. Cost $5.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RY	ROYAL BANK OF CANADA	76,792	$12.38M	3.5%	$113.35	—	—	780087102
TRI	THOMSON REUTERS CORP-NEW	126,045	$11.34M	3.2%	$107.05	—	—	884903808
FTS	FORTIS INC	160,324	$8.916M	2.5%	$42.30	—	—	349553107
TD	TORONTO DOMINION BANK	73,733	$6.865M	2.0%	$60.76	—	—	891160509
BN	BROOKFIELD CORPORATION CL-A LVS	156,430	$6.319M	1.8%	$39.42	—	—	11271J107
ENB	ENBRIDGE INC	105,933	$5.724M	1.6%	$43.52	—	—	29250N105
BNS	BANK OF NOVA SCOTIA	75,384	$5.211M	1.5%	$48.65	—	—	064149107
PBA	PEMBINA PIPELINE CORP	116,582	$5.202M	1.5%	$36.72	—	—	706327103
CNI	CANADIAN NATIONAL RAILWAY	47,404	$4.864M	1.4%	$99.15	—	—	136375102
BEP	BROOKFIELD RENEWABLE PARTNERS LP	138,822	$4.514M	1.3%	$22.15	—	—	G16258108
GIB	CGI INC CL-A SUB VTG	45,425	$3.31M	0.9%	$104.02	—	—	12532H104
DHR	DANAHER CORP	8,990	$1.708M	0.5%	$199.29	—	—	235851102
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	19,422	$701K	0.2%	$38.43	—	—	G16252101
BMO	BANK OF MONTREAL	3,725	$503K	0.1%	$93.55	—	—	063671101
UBER	UBER TECHNOLOGIES INC	5,000	$360K	0.1%	$78.72	—	—	90353T100
CNQ	CANADIAN NATURAL RESOURCES LTD	4,440	$218K	0.1%	$37.20	—	—	136385101
BTE	BAYTEX ENERGY CORP	19,780	$88,482	0.0%	$2.14	—	—	07317Q105
AQN	ALGONQUIN POWER & UTILITIES CORP	10,929	$67,436	0.0%	$5.75	—	—	015857105

Decreased Positions (8)

NFLX NETFLIX INC 2.1%

Value $7.351M (-30.8%) Shares 102,956 (-6.8%) Est. Cost $92.58 Unrealized —

ZTS ZOETIS INC. 0.1%

Value $226K (-93.1%) Shares 3,149 (-88.6%) Est. Cost $157.74 Unrealized —

JPM JPMORGAN CHASE & CO 8.4%

Value $29.3M (-7.1%) Shares 89,501 (-16.5%) Est. Cost $237.24 Unrealized —

GOOGL ALPHABET INC 9.0%

Value $31.64M (+7.6%) Shares 88,527 (-13.4%) Est. Cost $159.71 Unrealized —

BAC BANK OF AMERICA CORP 4.0%

Value $14.15M (-1.9%) Shares 248,371 (-16.0%) Est. Cost $36.69 Unrealized —

ROP ROPER TECHNOLOGIES INC 0.3%

Value $1.029M (-9.6%) Shares 3,041 (-5.4%) Est. Cost $543.44 Unrealized —

NEM NEWMONT CORP 0.1%

Value $287K (-25.8%) Shares 3,069 (-14.0%) Est. Cost $52.90 Unrealized —

GOOG ALPHABET INC 0.2%

Value $661K (+13.8%) Shares 1,872 (-7.6%) Est. Cost $151.72 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	102,956 (-6.8%)	$7.351M (-30.8%)	2.1%	$92.58	—	COM	64110L106
ZTS	ZOETIS INC.	3,149 (-88.6%)	$226K (-93.1%)	0.1%	$157.74	—	CL A	98978V103
JPM	JPMORGAN CHASE & CO	89,501 (-16.5%)	$29.3M (-7.1%)	8.4%	$237.24	—	COM	46625H100
GOOGL	ALPHABET INC	88,527 (-13.4%)	$31.64M (+7.6%)	9.0%	$159.71	—	CAP STK CL A	02079K305
BAC	BANK OF AMERICA CORP	248,371 (-16.0%)	$14.15M (-1.9%)	4.0%	$36.69	—	COM	060505104
ROP	ROPER TECHNOLOGIES INC	3,041 (-5.4%)	$1.029M (-9.6%)	0.3%	$543.44	—	COM	776696106
NEM	NEWMONT CORP	3,069 (-14.0%)	$287K (-25.8%)	0.1%	$52.90	—	COM	651639106
GOOG	ALPHABET INC	1,872 (-7.6%)	$661K (+13.8%)	0.2%	$151.72	—	CAP STK CL C	02079K107

Unchanged Positions (10)

AMZN AMAZON.COM INC 6.2%

Value $21.57M Shares 90,521 Est. Cost $154.80 Unrealized —

PNC PNC FINANCIAL SERVICES GROUP 4.5%

Value $15.79M Shares 64,135 Est. Cost $152.47 Unrealized —

SNPS SYNOPSYS INC 3.6%

Value $12.66M Shares 28,373 Est. Cost $506.82 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.8%

Value $2.774M Shares 5,604 Est. Cost $275.06 Unrealized —

JNJ JOHNSON & JOHNSON 1.6%

Value $5.643M Shares 22,219 Est. Cost $152.45 Unrealized —

LIN LINDE PLC 1.6%

Value $5.631M Shares 10,851 Est. Cost $444.22 Unrealized —

CB CHUBB LTD 1.6%

Value $5.517M Shares 16,144 Est. Cost $276.25 Unrealized —

RTX RTX CORPORATION 1.6%

Value $5.442M Shares 28,684 Est. Cost $124.76 Unrealized —

CTAS CINTAS CORP 1.0%

Value $3.642M Shares 21,412 Est. Cost $165.63 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC 0.1%

Value $489K Shares 977 Est. Cost $421.23 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON.COM INC	90,521	$21.57M	6.2%	$154.80	—	COM	023135106
PNC	PNC FINANCIAL SERVICES GROUP	64,135	$15.79M	4.5%	$152.47	—	COM	693475105
SNPS	SYNOPSYS INC	28,373	$12.66M	3.6%	$506.82	—	COM	871607107
ROK	ROCKWELL AUTOMATION INC	5,604	$2.774M	0.8%	$275.06	—	COM	773903109
JNJ	JOHNSON & JOHNSON	22,219	$5.643M	1.6%	$152.45	—	COM	478160104
LIN	LINDE PLC	10,851	$5.631M	1.6%	$444.22	—	SHS	G54950103
CB	CHUBB LTD	16,144	$5.517M	1.6%	$276.25	—	COM	H1467J104
RTX	RTX CORPORATION	28,684	$5.442M	1.6%	$124.76	—	COM	75513E101
CTAS	CINTAS CORP	21,412	$3.642M	1.0%	$165.63	—	COM	172908105
BRK/B	BERKSHIRE HATHAWAY INC	977	$489K	0.1%	$421.23	—	CL B	084670702