Accuvest Global Advisors Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	2,439	$2,621	1.9%	$955.55	0.0%	COM	532457108
SBUX	STARBUCKS CORP	22,373	$1,884	1.4%	$84.06	0.0%	COM	855244109
GEV	GE VERNOVA INC	2,642	$1,727	1.3%	$609.04	0.0%	COM	36828A101
TDG	TRANSDIGM GROUP INC	1,172	$1,559	1.1%	$1310.75	0.0%	COM	893641100
WRBY	WARBY PARKER INC	62,300	$1,358	1.0%	$21.76	0.0%	CL A COM	93403J106
CRM	SALESFORCE INC	4,715	$1,249	0.9%	$248.17	0.0%	COM	79466L302
FWONK	LIBERTY MEDIA CORP DEL	8,178	$806	0.6%	$98.56	—	COM LBTY ONE S C	531229755
TSLA	TESLA INC	1,783	$802	0.6%	$443.29	0.0%	COM	88160R101
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$755	0.6%	$746423.56	0.0%	CL A	084670108
UNH	UNITEDHEALTH GROUP INC	2,000	$660	0.5%	$337.21	0.0%	COM	91324P102
CBRE	CBRE GROUP INC	3,826	$615	0.5%	$157.23	0.0%	CL A	12504L109
HEI	HEICO CORP NEW	1,716	$555	0.4%	$315.99	0.0%	COM	422806109
ISRG	INTUITIVE SURGICAL INC	939	$532	0.4%	$532.37	0.0%	COM NEW	46120E602
GE	GE AEROSPACE	1,458	$449	0.3%	$300.80	0.0%	COM NEW	369604301
CAT	CATERPILLAR INC	719	$412	0.3%	$555.50	0.0%	COM	149123101
PBR	PETROLEO BRASILEIRO SA PETRO	27,250	$323	0.2%	$11.85	—	SPONSORED ADR	71654V408
PEP	PEPSICO INC	2,234	$321	0.2%	$145.91	0.0%	COM	713448108
HSBC	HSBC HLDGS PLC	3,213	$253	0.2%	$78.74	—	SPON ADR NEW	404280406
CART	MAPLEBEAR INC	5,029	$226	0.2%	$40.93	0.0%	COM	565394103
IEP	ICAHN ENTERPRISES LP	28,851	$218	0.2%	$7.56	—	DEPOSITARY UNIT	451100101
AMT	AMERICAN TOWER CORP NEW	1,223	$215	0.2%	$180.30	0.0%	COM	03027X100
CLX	CLOROX CO DEL	2,126	$214	0.2%	$108.27	0.0%	COM	189054109
REAL	THE REALREAL INC	12,392	$196	0.1%	$13.06	0.0%	COM	88339P101
NAKA	KINDLY MD INC	12,746	$4	0.0%	$0.65	0.0%	COM	49457M106

Increased Positions (16)

NOW SERVICENOW INC 6.4%

Value ($000) $8,724 (+98.3%) Shares 56,948 (+1091.1%) Est. Cost $172.87 Unrealized -0.8%

SCHW SCHWAB CHARLES CORP 2.1%

Value ($000) $2,872 (+700.0%) Shares 28,747 (+664.5%) Est. Cost $94.71 Unrealized +0.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.4%

Value ($000) $1,943 (+197.1%) Shares 6,394 (+173.1%) Est. Cost $264.44 Unrealized —

NFLX NETFLIX INC 3.1%

Value ($000) $4,170 (-22.9%) Shares 44,476 (+886.4%) Est. Cost $106.98 Unrealized +0.8%

BABA ALIBABA GROUP HLDG LTD 0.9%

Value ($000) $1,225 (+219.8%) Shares 8,354 (+289.5%) Est. Cost $138.10 Unrealized —

BKNG BOOKING HOLDINGS INC 1.3%

Value ($000) $1,767 (+47.4%) Shares 330 (+48.6%) Est. Cost $5123.93 Unrealized +0.3%

MELI MERCADOLIBRE INC 3.3%

Value ($000) $4,496 (+4.4%) Shares 2,232 (+21.2%) Est. Cost $2122.28 Unrealized -1.0%

EQT EQT CORP 0.3%

Value ($000) $367 (+66.1%) Shares 6,838 (+68.2%) Est. Cost $54.04 Unrealized +3.9%

NVDA NVIDIA CORPORATION 1.0%

Value ($000) $1,304 (+10.9%) Shares 6,990 (+10.9%) Est. Cost $136.55 Unrealized +36.3%

ORLY OREILLY AUTOMOTIVE INC 0.3%

Value ($000) $371 (+46.6%) Shares 4,066 (+73.4%) Est. Cost $93.87 Unrealized +4.1%

HOOD ROBINHOOD MKTS INC 0.3%

Value ($000) $470 (+32.4%) Shares 4,155 (+67.8%) Est. Cost $80.88 Unrealized +60.8%

COIN COINBASE GLOBAL INC 0.3%

Value ($000) $393 (-17.6%) Shares 1,740 (+23.1%) Est. Cost $297.83 Unrealized +0.1%

SPOT SPOTIFY TECHNOLOGY S A 3.2%

Value ($000) $4,355 (+1.3%) Shares 7,500 (+21.8%) Est. Cost $570.74 Unrealized +9.5%

ARI APOLLO COML REAL EST FIN INC 0.1%

Value ($000) $164 (+43.9%) Shares 16,967 (+51.3%) Est. Cost $9.58 Unrealized —

ABBV ABBVIE INC 0.7%

Value ($000) $1,005 (+4.6%) Shares 4,398 (+6.0%) Est. Cost $191.68 Unrealized +18.7%

CELH CELSIUS HLDGS INC 0.2%

Value ($000) $228 (+0.9%) Shares 4,991 (+27.0%) Est. Cost $51.88 Unrealized -2.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOW	SERVICENOW INC	56,948 (+1091.1%)	$8,724 (+98.3%)	6.4%	$172.87	-0.8%	COM	81762P102
SCHW	SCHWAB CHARLES CORP	28,747 (+664.5%)	$2,872 (+700.0%)	2.1%	$94.71	+0.0%	COM	808513105
TSM	TAIWAN SEMICONDUCTOR MFG LTD	6,394 (+173.1%)	$1,943 (+197.1%)	1.4%	$264.44	—	SPONSORED ADS	874039100
NFLX	NETFLIX INC	44,476 (+886.4%)	$4,170 (-22.9%)	3.1%	$106.98	+0.8%	COM	64110L106
BABA	ALIBABA GROUP HLDG LTD	8,354 (+289.5%)	$1,225 (+219.8%)	0.9%	$138.10	—	SPONSORED ADS	01609W102
BKNG	BOOKING HOLDINGS INC	330 (+48.6%)	$1,767 (+47.4%)	1.3%	$5123.93	+0.3%	COM	09857L108
MELI	MERCADOLIBRE INC	2,232 (+21.2%)	$4,496 (+4.4%)	3.3%	$2122.28	-1.0%	COM	58733R102
EQT	EQT CORP	6,838 (+68.2%)	$367 (+66.1%)	0.3%	$54.04	+3.9%	COM	26884L109
NVDA	NVIDIA CORPORATION	6,990 (+10.9%)	$1,304 (+10.9%)	1.0%	$136.55	+36.3%	COM	67066G104
ORLY	OREILLY AUTOMOTIVE INC	4,066 (+73.4%)	$371 (+46.6%)	0.3%	$93.87	+4.1%	COM	67103H107
HOOD	ROBINHOOD MKTS INC	4,155 (+67.8%)	$470 (+32.4%)	0.3%	$80.88	+60.8%	COM CL A	770700102
COIN	COINBASE GLOBAL INC	1,740 (+23.1%)	$393 (-17.6%)	0.3%	$297.83	+0.1%	COM CL A	19260Q107
SPOT	SPOTIFY TECHNOLOGY S A	7,500 (+21.8%)	$4,355 (+1.3%)	3.2%	$570.74	+9.5%	SHS	L8681T102
ARI	APOLLO COML REAL EST FIN INC	16,967 (+51.3%)	$164 (+43.9%)	0.1%	$9.58	—	COM	03762U105
ABBV	ABBVIE INC	4,398 (+6.0%)	$1,005 (+4.6%)	0.7%	$191.68	+18.7%	COM	00287Y109
CELH	CELSIUS HLDGS INC	4,991 (+27.0%)	$228 (+0.9%)	0.2%	$51.88	-2.9%	COM NEW	15118V207

Exited Positions (27)

ORCL ORACLE CORP 3.2%

Value ($000) $4,364 Shares 15,518 Est. Cost $254.17 Unrealized -6.3%

LYV LIVE NATION ENTERTAINMENT IN 2.6%

Value ($000) $3,466 Shares 21,211 Est. Cost $99.38 Unrealized +44.6%

CMG CHIPOTLE MEXICAN GRILL INC 0.7%

Value ($000) $980 Shares 25,000 Est. Cost $45.03 Unrealized -19.7%

HLT HILTON WORLDWIDE HLDGS INC 0.4%

Value ($000) $523 Shares 2,017 Est. Cost $270.09 Unrealized +0.8%

AFRM AFFIRM HLDGS INC 0.4%

Value ($000) $514 Shares 7,027 Est. Cost $76.10 Unrealized -5.4%

ASML ASML HOLDING N V 0.3%

Value ($000) $347 Shares 358 Est. Cost $841.87 Unrealized —

IRM IRON MTN INC DEL 0.2%

Value ($000) $306 Shares 3,000 Est. Cost $93.15 Unrealized -0.4%

RBLX ROBLOX CORP 0.2%

Value ($000) $283 Shares 2,042 Est. Cost $124.28 Unrealized -14.6%

PDD PDD HOLDINGS INC 0.2%

Value ($000) $283 Shares 2,140 Est. Cost $118.32 Unrealized —

NVO NOVO-NORDISK A S 0.2%

Value ($000) $280 Shares 5,043 Est. Cost $68.99 Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.2%

Value ($000) $278 Shares 1,479 Est. Cost $166.88 Unrealized +7.9%

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $272 Shares 1,465 Est. Cost $152.45 Unrealized +29.2%

UPS UNITED PARCEL SERVICE INC 0.2%

Value ($000) $268 Shares 3,207 Est. Cost $108.05 Unrealized -14.2%

DASH DOORDASH INC 0.2%

Value ($000) $267 Shares 981 Est. Cost $200.58 Unrealized +16.9%

SOFI SOFI TECHNOLOGIES INC 0.2%

Value ($000) $257 Shares 9,739 Est. Cost $14.41 Unrealized +93.4%

PSA PUBLIC STORAGE OPER CO 0.2%

Value ($000) $257 Shares 889 Est. Cost $281.51 Unrealized -1.5%

AZO AUTOZONE INC 0.2%

Value ($000) $253 Shares 59 Est. Cost $3469.50 Unrealized +8.9%

ULTA ULTA BEAUTY INC 0.2%

Value ($000) $249 Shares 455 Est. Cost $512.40 Unrealized +7.3%

SONY SONY GROUP CORP 0.2%

Value ($000) $248 Shares 8,626 Est. Cost $26.02 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.2%

Value ($000) $232 Shares 1,436 Est. Cost $161.38 Unrealized +39.2%

AZN ASTRAZENECA PLC 0.2%

Value ($000) $226 Shares 2,945 Est. Cost $69.95 Unrealized —

MUFG MITSUBISHI UFJ FINL GROUP IN 0.2%

Value ($000) $221 Shares 13,868 Est. Cost $13.63 Unrealized —

CB CHUBB LIMITED 0.2%

Value ($000) $220 Shares 780 Est. Cost $286.98 Unrealized +1.9%

SAP SAP SE 0.2%

Value ($000) $207 Shares 776 Est. Cost $304.05 Unrealized —

— UNILEVER PLC 0.2%

Value ($000) $205 Shares 3,458 Est. Cost $61.31 Unrealized —

BLK BLACKROCK INC 0.1%

Value ($000) $201 Shares 172 Est. Cost $1108.77 Unrealized -1.7%

— LIBERTY ALL STAR EQUITY FD 0.1%

Value ($000) $143 Shares 22,455 Est. Cost $6.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	15,518	$4,364	3.2%	$254.17	-6.3%	—	68389X105
LYV	LIVE NATION ENTERTAINMENT IN	21,211	$3,466	2.6%	$99.38	+44.6%	—	538034109
CMG	CHIPOTLE MEXICAN GRILL INC	25,000	$980	0.7%	$45.03	-19.7%	—	169656105
HLT	HILTON WORLDWIDE HLDGS INC	2,017	$523	0.4%	$270.09	+0.8%	—	43300A203
AFRM	AFFIRM HLDGS INC	7,027	$514	0.4%	$76.10	-5.4%	—	00827B106
ASML	ASML HOLDING N V	358	$347	0.3%	$841.87	—	—	N07059210
IRM	IRON MTN INC DEL	3,000	$306	0.2%	$93.15	-0.4%	—	46284V101
RBLX	ROBLOX CORP	2,042	$283	0.2%	$124.28	-14.6%	—	771049103
PDD	PDD HOLDINGS INC	2,140	$283	0.2%	$118.32	—	—	722304102
NVO	NOVO-NORDISK A S	5,043	$280	0.2%	$68.99	—	—	670100205
SPG	SIMON PPTY GROUP INC NEW	1,479	$278	0.2%	$166.88	+7.9%	—	828806109
JNJ	JOHNSON & JOHNSON	1,465	$272	0.2%	$152.45	+29.2%	—	478160104
UPS	UNITED PARCEL SERVICE INC	3,207	$268	0.2%	$108.05	-14.2%	—	911312106
DASH	DOORDASH INC	981	$267	0.2%	$200.58	+16.9%	—	25809K105
SOFI	SOFI TECHNOLOGIES INC	9,739	$257	0.2%	$14.41	+93.4%	—	83406F102
PSA	PUBLIC STORAGE OPER CO	889	$257	0.2%	$281.51	-1.5%	—	74460D109
AZO	AUTOZONE INC	59	$253	0.2%	$3469.50	+8.9%	—	053332102
ULTA	ULTA BEAUTY INC	455	$249	0.2%	$512.40	+7.3%	—	90384S303
SONY	SONY GROUP CORP	8,626	$248	0.2%	$26.02	—	—	835699307
AMD	ADVANCED MICRO DEVICES INC	1,436	$232	0.2%	$161.38	+39.2%	—	007903107
AZN	ASTRAZENECA PLC	2,945	$226	0.2%	$69.95	—	—	046353108
MUFG	MITSUBISHI UFJ FINL GROUP IN	13,868	$221	0.2%	$13.63	—	—	606822104
CB	CHUBB LIMITED	780	$220	0.2%	$286.98	+1.9%	—	H1467J104
SAP	SAP SE	776	$207	0.2%	$304.05	—	—	803054204
—	UNILEVER PLC	3,458	$205	0.2%	$61.31	—	—	904767704
BLK	BLACKROCK INC	172	$201	0.1%	$1108.77	-1.7%	—	09290D101
—	LIBERTY ALL STAR EQUITY FD	22,455	$143	0.1%	$6.81	—	—	530158104

Decreased Positions (30)

MSTR STRATEGY INC 7.8%

Value ($000) $10,549 (-54.4%) Shares 69,422 (-3.3%) Est. Cost $267.40 Unrealized -13.9%

BN BROOKFIELD CORP 0.3%

Value ($000) $380 (-88.7%) Shares 8,278 (-83.1%) Est. Cost $39.50 Unrealized +15.3%

SHOP SHOPIFY INC 0.4%

Value ($000) $501 (-84.3%) Shares 3,111 (-85.5%) Est. Cost $130.11 Unrealized +23.4%

UBER UBER TECHNOLOGIES INC 2.5%

Value ($000) $3,450 (-42.2%) Shares 42,219 (-30.8%) Est. Cost $84.24 Unrealized +6.9%

TJX TJX COS INC NEW 2.4%

Value ($000) $3,275 (-32.9%) Shares 21,317 (-36.9%) Est. Cost $120.69 Unrealized +22.4%

BX BLACKSTONE INC 2.2%

Value ($000) $2,981 (-34.4%) Shares 19,339 (-27.3%) Est. Cost $107.42 Unrealized +41.0%

META META PLATFORMS INC 2.3%

Value ($000) $3,096 (-31.6%) Shares 4,690 (-23.9%) Est. Cost $641.11 Unrealized +4.1%

COST COSTCO WHSL CORP NEW 3.2%

Value ($000) $4,376 (-24.0%) Shares 5,074 (-18.4%) Est. Cost $970.26 Unrealized -6.7%

GS GOLDMAN SACHS GROUP INC 0.8%

Value ($000) $1,081 (-53.6%) Shares 1,230 (-57.9%) Est. Cost $683.19 Unrealized +19.1%

KKR KKR & CO INC 2.5%

Value ($000) $3,391 (-26.4%) Shares 26,604 (-25.0%) Est. Cost $80.90 Unrealized +53.6%

APO APOLLO GLOBAL MGMT INC 2.7%

Value ($000) $3,660 (-23.9%) Shares 25,281 (-30.0%) Est. Cost $104.24 Unrealized +27.2%

V VISA INC 1.0%

Value ($000) $1,400 (-42.1%) Shares 3,991 (-43.7%) Est. Cost $343.76 Unrealized -1.0%

WMT WALMART INC 3.7%

Value ($000) $5,016 (-16.5%) Shares 45,019 (-22.7%) Est. Cost $79.24 Unrealized +35.3%

INTU INTUIT 3.2%

Value ($000) $4,343 (-17.7%) Shares 6,557 (-15.2%) Est. Cost $719.44 Unrealized -8.2%

AXP AMERICAN EXPRESS CO 2.1%

Value ($000) $2,850 (-24.2%) Shares 7,705 (-31.9%) Est. Cost $313.64 Unrealized +13.8%

MSFT MICROSOFT CORP 3.8%

Value ($000) $5,182 (-14.2%) Shares 10,716 (-8.1%) Est. Cost $425.43 Unrealized +17.7%

GOOGL ALPHABET INC 4.8%

Value ($000) $6,487 (+13.5%) Shares 20,724 (-11.9%) Est. Cost $185.99 Unrealized +53.6%

APP APPLOVIN CORP 0.6%

Value ($000) $833 (-41.1%) Shares 1,236 (-37.2%) Est. Cost $377.83 Unrealized +66.8%

JPM JPMORGAN CHASE & CO. 1.4%

Value ($000) $1,928 (-10.1%) Shares 5,983 (-12.0%) Est. Cost $251.12 Unrealized +23.3%

AAPL APPLE INC 4.4%

Value ($000) $5,928 (-2.7%) Shares 21,805 (-8.9%) Est. Cost $184.80 Unrealized +45.2%

MO ALTRIA GROUP INC 0.2%

Value ($000) $249 (-38.4%) Shares 4,316 (-29.4%) Est. Cost $51.03 Unrealized +16.3%

PLTR PALANTIR TECHNOLOGIES INC 0.9%

Value ($000) $1,246 (-8.8%) Shares 7,009 (-6.4%) Est. Cost $87.82 Unrealized +106.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.5%

Value ($000) $701 (-14.3%) Shares 1,394 (-14.3%) Est. Cost $486.15 Unrealized +2.3%

NU NU HLDGS LTD 0.2%

Value ($000) $227 (-33.8%) Shares 13,560 (-36.7%) Est. Cost $11.97 Unrealized +34.3%

VZ VERIZON COMMUNICATIONS INC 0.2%

Value ($000) $259 (-27.2%) Shares 6,354 (-21.6%) Est. Cost $39.80 Unrealized +1.7%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $217 (-18.7%) Shares 1,800 (-24.0%) Est. Cost $107.41 Unrealized +7.5%

GIS GENERAL MLS INC 0.2%

Value ($000) $214 (-18.9%) Shares 4,609 (-11.9%) Est. Cost $49.46 Unrealized -4.0%

MRK MERCK & CO INC 0.2%

Value ($000) $244 (-15.9%) Shares 2,322 (-32.8%) Est. Cost $78.13 Unrealized +19.3%

CVX CHEVRON CORP NEW 0.2%

Value ($000) $215 (-16.7%) Shares 1,410 (-15.1%) Est. Cost $150.55 Unrealized +0.6%

TGT TARGET CORP 0.2%

Value ($000) $217 (-5.7%) Shares 2,218 (-15.2%) Est. Cost $93.63 Unrealized -2.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSTR	STRATEGY INC	69,422 (-3.3%)	$10,549 (-54.4%)	7.8%	$267.40	-13.9%	CL A NEW	594972408
BN	BROOKFIELD CORP	8,278 (-83.1%)	$380 (-88.7%)	0.3%	$39.50	+15.3%	CL A LTD VT SH	11271J107
SHOP	SHOPIFY INC	3,111 (-85.5%)	$501 (-84.3%)	0.4%	$130.11	+23.4%	CL A SUB VTG SHS	82509L107
UBER	UBER TECHNOLOGIES INC	42,219 (-30.8%)	$3,450 (-42.2%)	2.5%	$84.24	+6.9%	COM	90353T100
TJX	TJX COS INC NEW	21,317 (-36.9%)	$3,275 (-32.9%)	2.4%	$120.69	+22.4%	COM	872540109
BX	BLACKSTONE INC	19,339 (-27.3%)	$2,981 (-34.4%)	2.2%	$107.42	+41.0%	COM	09260D107
META	META PLATFORMS INC	4,690 (-23.9%)	$3,096 (-31.6%)	2.3%	$641.11	+4.1%	CL A	30303M102
COST	COSTCO WHSL CORP NEW	5,074 (-18.4%)	$4,376 (-24.0%)	3.2%	$970.26	-6.7%	COM	22160K105
GS	GOLDMAN SACHS GROUP INC	1,230 (-57.9%)	$1,081 (-53.6%)	0.8%	$683.19	+19.1%	COM	38141G104
KKR	KKR & CO INC	26,604 (-25.0%)	$3,391 (-26.4%)	2.5%	$80.90	+53.6%	COM	48251W104
APO	APOLLO GLOBAL MGMT INC	25,281 (-30.0%)	$3,660 (-23.9%)	2.7%	$104.24	+27.2%	COM	03769M106
V	VISA INC	3,991 (-43.7%)	$1,400 (-42.1%)	1.0%	$343.76	-1.0%	COM CL A	92826C839
WMT	WALMART INC	45,019 (-22.7%)	$5,016 (-16.5%)	3.7%	$79.24	+35.3%	COM	931142103
INTU	INTUIT	6,557 (-15.2%)	$4,343 (-17.7%)	3.2%	$719.44	-8.2%	COM	461202103
AXP	AMERICAN EXPRESS CO	7,705 (-31.9%)	$2,850 (-24.2%)	2.1%	$313.64	+13.8%	COM	025816109
MSFT	MICROSOFT CORP	10,716 (-8.1%)	$5,182 (-14.2%)	3.8%	$425.43	+17.7%	COM	594918104
GOOGL	ALPHABET INC	20,724 (-11.9%)	$6,487 (+13.5%)	4.8%	$185.99	+53.6%	CAP STK CL A	02079K305
APP	APPLOVIN CORP	1,236 (-37.2%)	$833 (-41.1%)	0.6%	$377.83	+66.8%	COM CL A	03831W108
JPM	JPMORGAN CHASE & CO.	5,983 (-12.0%)	$1,928 (-10.1%)	1.4%	$251.12	+23.3%	COM	46625H100
AAPL	APPLE INC	21,805 (-8.9%)	$5,928 (-2.7%)	4.4%	$184.80	+45.2%	COM	037833100
MO	ALTRIA GROUP INC	4,316 (-29.4%)	$249 (-38.4%)	0.2%	$51.03	+16.3%	COM	02209S103
PLTR	PALANTIR TECHNOLOGIES INC	7,009 (-6.4%)	$1,246 (-8.8%)	0.9%	$87.82	+106.1%	CL A	69608A108
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,394 (-14.3%)	$701 (-14.3%)	0.5%	$486.15	+2.3%	CL B NEW	084670702
NU	NU HLDGS LTD	13,560 (-36.7%)	$227 (-33.8%)	0.2%	$11.97	+34.3%	ORD SHS CL A	G6683N103
VZ	VERIZON COMMUNICATIONS INC	6,354 (-21.6%)	$259 (-27.2%)	0.2%	$39.80	+1.7%	COM	92343V104
XOM	EXXON MOBIL CORP	1,800 (-24.0%)	$217 (-18.7%)	0.2%	$107.41	+7.5%	COM	30231G102
GIS	GENERAL MLS INC	4,609 (-11.9%)	$214 (-18.9%)	0.2%	$49.46	-4.0%	COM	370334104
MRK	MERCK & CO INC	2,322 (-32.8%)	$244 (-15.9%)	0.2%	$78.13	+19.3%	COM	58933Y105
CVX	CHEVRON CORP NEW	1,410 (-15.1%)	$215 (-16.7%)	0.2%	$150.55	+0.6%	COM	166764100
TGT	TARGET CORP	2,218 (-15.2%)	$217 (-5.7%)	0.2%	$93.63	-2.1%	COM	87612E106

Unchanged Positions (5)

SMLR SEMLER SCIENTIFIC INC 0.5%

Value ($000) $643 Shares 42,021 Est. Cost $35.64 Unrealized -36.3%

AMZN AMAZON COM INC 5.8%

Value ($000) $7,814 Shares 33,853 Est. Cost $143.80 Unrealized +59.1%

RCL ROYAL CARIBBEAN GROUP 0.2%

Value ($000) $223 Shares 800 Est. Cost $234.53 Unrealized +20.1%

MTN VAIL RESORTS INC 0.2%

Value ($000) $213 Shares 1,601 Est. Cost $155.21 Unrealized -5.2%

AON AON PLC 0.4%

Value ($000) $529 Shares 1,500 Est. Cost $361.49 Unrealized -3.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMLR	SEMLER SCIENTIFIC INC	42,021	$643	0.5%	$35.64	-36.3%	COM	81684M104
AMZN	AMAZON COM INC	33,853	$7,814	5.8%	$143.80	+59.1%	COM	023135106
RCL	ROYAL CARIBBEAN GROUP	800	$223	0.2%	$234.53	+20.1%	COM	V7780T103
MTN	VAIL RESORTS INC	1,601	$213	0.2%	$155.21	-5.2%	COM	91879Q109
AON	AON PLC	1,500	$529	0.4%	$361.49	-3.4%	SHS CL A	G0403H108