Cumberland Partners Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PHM	PULTE GROUP INC	123,603	$14,494	0.9%	$122.44	0.0%	COM	745867101
URNM	SPROTT FDS TR	224,686	$12,334	0.8%	$54.89	—	URANIUM MINERS E	85208P303
AME	AMETEK INC	23,063	$4,735	0.3%	$194.36	0.0%	COM	031100100
TEL	TE CONNECTIVITY PLC	19,325	$4,397	0.3%	$231.27	0.0%	ORD SHS	G87052109
KVUE	KENVUE INC	161,370	$2,784	0.2%	$16.26	0.0%	COM	49177J102
KNSL	KINSALE CAP GROUP INC	6,000	$2,347	0.1%	$407.67	0.0%	COM	49714P108
CELH	CELSIUS HLDGS INC	50,000	$2,287	0.1%	$50.38	0.0%	COM NEW	15118V207
BGSI	BOYD GROUP SERVICES INC	13,100	$2,089	0.1%	$160.25	0.0%	COM	103310108
OKE	ONEOK INC NEW	23,570	$1,732	0.1%	$70.46	0.0%	COM	682680103
CNI	CANADIAN NATL RY CO	14,150	$1,401	0.1%	$96.14	0.0%	COM	136375102
RPRX	ROYALTY PHARMA PLC	35,000	$1,352	0.1%	$38.13	0.0%	SHS CLASS A	G7709Q104
COPX	GLOBAL X FDS	15,000	$1,077	0.1%	$71.79	—	GLOBAL X COPPER	37954Y830
QCOM	QUALCOMM INC	5,650	$966	0.1%	$170.79	0.0%	COM	747525103
EW	EDWARDS LIFESCIENCES CORP	10,000	$853	0.1%	$82.07	0.0%	COM	28176E108
WPM	WHEATON PRECIOUS METALS CORP	6,750	$794	0.0%	$107.08	0.0%	COM	962879102
VET	VERMILION ENERGY INC	67,313	$561	0.0%	$8.26	0.0%	COM	923725105
IAG	IAMGOLD CORP	27,400	$453	0.0%	$14.09	0.0%	COM	450913108
TOST	TOAST INC	12,500	$444	0.0%	$36.05	0.0%	CL A	888787108
MFC	MANULIFE FINL CORP	10,562	$384	0.0%	$33.94	0.0%	COM	56501R106
RBA	RB GLOBAL INC	3,700	$381	0.0%	$101.58	0.0%	COM	74935Q107
SU	SUNCOR ENERGY INC NEW	6,620	$294	0.0%	$42.26	0.0%	COM	867224107
BRK/B	BERKSHIRE HATHAWAY INC DEL	450	$226	0.0%	$497.53	0.0%	CL B NEW	084670702
MKL	MARKEL GROUP INC	100	$215	0.0%	$2025.92	0.0%	COM	570535104
LOW	LOWES COS INC	831	$200	0.0%	$239.83	0.0%	COM	548661107

Increased Positions (67)

SHOP SHOPIFY INC 2.7%

Value ($000) $43,850 (+1940.2%) Shares 272,184 (+1781.0%) Est. Cost $157.82 Unrealized +1.7%

BNS BANK NOVA SCOTIA HALIFAX 2.5%

Value ($000) $40,796 (+116.1%) Shares 552,819 (+89.3%) Est. Cost $61.97 Unrealized +9.7%

LLY ELI LILLY & CO 2.2%

Value ($000) $36,673 (+50.8%) Shares 34,125 (+7.1%) Est. Cost $770.21 Unrealized +24.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.3%

Value ($000) $21,622 (+95.0%) Shares 71,152 (+79.2%) Est. Cost $186.75 Unrealized —

GOOGL ALPHABET INC 2.2%

Value ($000) $35,652 (+37.5%) Shares 113,905 (+6.8%) Est. Cost $138.61 Unrealized +106.0%

NFLX NETFLIX INC 0.7%

Value ($000) $11,547 (+233.3%) Shares 123,159 (+4161.6%) Est. Cost $107.01 Unrealized +0.7%

AMZN AMAZON COM INC 3.9%

Value ($000) $63,480 (+9.7%) Shares 275,020 (+4.4%) Est. Cost $179.83 Unrealized +27.2%

JPM JPMORGAN CHASE & CO. 0.6%

Value ($000) $9,482 (+140.2%) Shares 29,427 (+135.2%) Est. Cost $303.75 Unrealized +1.9%

DELL DELL TECHNOLOGIES INC 0.4%

Value ($000) $7,299 (+267.7%) Shares 57,980 (+314.1%) Est. Cost $137.95 Unrealized +2.0%

META META PLATFORMS INC 3.9%

Value ($000) $63,670 (-5.6%) Shares 96,456 (+5.0%) Est. Cost $258.42 Unrealized +158.2%

TJX TJX COS INC NEW 0.5%

Value ($000) $8,111 (+83.8%) Shares 52,802 (+73.0%) Est. Cost $135.26 Unrealized +9.2%

AVGO BROADCOM INC 2.5%

Value ($000) $41,495 (+8.5%) Shares 119,894 (+3.4%) Est. Cost $173.01 Unrealized +106.3%

CNQ CANADIAN NAT RES LTD 0.5%

Value ($000) $8,827 (+57.2%) Shares 260,352 (+48.2%) Est. Cost $26.59 Unrealized +21.9%

NVDA NVIDIA CORPORATION 4.6%

Value ($000) $75,582 (+4.4%) Shares 405,267 (+4.5%) Est. Cost $125.81 Unrealized +47.9%

V VISA INC 3.0%

Value ($000) $49,787 (+6.9%) Shares 141,961 (+4.0%) Est. Cost $102.62 Unrealized +231.7%

UNH UNITEDHEALTH GROUP INC 1.3%

Value ($000) $21,542 (+17.2%) Shares 65,256 (+22.6%) Est. Cost $305.99 Unrealized +10.2%

NU NU HLDGS LTD 0.3%

Value ($000) $4,771 (+148.3%) Shares 285,000 (+137.5%) Est. Cost $14.40 Unrealized +11.6%

UBER UBER TECHNOLOGIES INC 0.5%

Value ($000) $8,580 (+46.0%) Shares 105,000 (+75.0%) Est. Cost $82.21 Unrealized +9.5%

ADSK AUTODESK INC 0.5%

Value ($000) $7,591 (+54.4%) Shares 25,646 (+65.7%) Est. Cost $292.20 Unrealized +3.5%

LDOS LEIDOS HOLDINGS INC 0.3%

Value ($000) $4,510 (+138.7%) Shares 25,000 (+150.0%) Est. Cost $176.44 Unrealized +7.2%

IQV IQVIA HLDGS INC 0.2%

Value ($000) $2,867 (+822.0%) Shares 12,718 (+676.9%) Est. Cost $218.03 Unrealized -0.2%

VIK VIKING HOLDINGS LTD 0.3%

Value ($000) $4,999 (+101.0%) Shares 70,000 (+75.0%) Est. Cost $53.12 Unrealized +20.1%

BMO BANK MONTREAL QUE 0.3%

Value ($000) $5,329 (+89.2%) Shares 41,008 (+89.6%) Est. Cost $108.77 Unrealized +16.4%

HLT HILTON WORLDWIDE HLDGS INC 0.3%

Value ($000) $4,309 (+121.4%) Shares 15,000 (+100.0%) Est. Cost $248.33 Unrealized +9.6%

ADBE ADOBE INC 0.3%

Value ($000) $4,200 (+107.1%) Shares 12,000 (+108.7%) Est. Cost $394.41 Unrealized -13.8%

MNST MONSTER BEVERAGE CORP NEW 0.3%

Value ($000) $5,350 (+66.4%) Shares 69,782 (+46.0%) Est. Cost $65.10 Unrealized +10.1%

MSCI MSCI INC 0.2%

Value ($000) $3,873 (+95.0%) Shares 6,750 (+92.9%) Est. Cost $561.36 Unrealized -0.2%

EXPE EXPEDIA GROUP INC 0.4%

Value ($000) $5,822 (+44.5%) Shares 20,550 (+9.0%) Est. Cost $173.68 Unrealized +42.1%

WTS WATTS WATER TECHNOLOGIES INC 0.2%

Value ($000) $3,588 (+97.7%) Shares 13,000 (+100.0%) Est. Cost $262.04 Unrealized +5.3%

EME EMCOR GROUP INC 0.2%

Value ($000) $3,854 (+69.5%) Shares 6,300 (+80.0%) Est. Cost $552.40 Unrealized +17.2%

FTI TECHNIPFMC PLC 0.2%

Value ($000) $2,896 (+109.8%) Shares 65,000 (+85.7%) Est. Cost $35.59 Unrealized +18.6%

RMD RESMED INC 0.3%

Value ($000) $5,058 (+42.1%) Shares 21,000 (+61.5%) Est. Cost $243.05 Unrealized +5.1%

RJF RAYMOND JAMES FINL INC 0.3%

Value ($000) $4,673 (+45.6%) Shares 29,100 (+56.5%) Est. Cost $146.85 Unrealized +9.6%

COF CAPITAL ONE FINL CORP 0.2%

Value ($000) $2,908 (+82.4%) Shares 12,000 (+60.0%) Est. Cost $219.45 Unrealized +1.3%

BKNG BOOKING HOLDINGS INC 0.3%

Value ($000) $4,820 (+37.3%) Shares 900 (+38.5%) Est. Cost $4452.21 Unrealized +15.4%

PFE PFIZER INC 0.2%

Value ($000) $3,251 (+66.6%) Shares 130,570 (+70.5%) Est. Cost $25.08 Unrealized -0.2%

EOG EOG RES INC 0.1%

Value ($000) $1,625 (+398.2%) Shares 15,470 (+432.0%) Est. Cost $110.55 Unrealized -3.0%

VEEV VEEVA SYS INC 0.4%

Value ($000) $5,804 (+25.7%) Shares 26,000 (+67.7%) Est. Cost $246.45 Unrealized +7.7%

APP APPLOVIN CORP 0.2%

Value ($000) $4,043 (+40.7%) Shares 6,000 (+50.0%) Est. Cost $249.81 Unrealized +152.2%

MSFT MICROSOFT CORP 5.7%

Value ($000) $92,679 (-1.2%) Shares 191,636 (+5.9%) Est. Cost $144.74 Unrealized +245.8%

TUA SIMPLIFY EXCHANGE TRADED FUN 0.4%

Value ($000) $5,822 (+22.1%) Shares 265,795 (+22.0%) Est. Cost $22.43 Unrealized —

GIL GILDAN ACTIVEWEAR INC 0.1%

Value ($000) $1,445 (+257.5%) Shares 23,100 (+230.0%) Est. Cost $54.69 Unrealized +8.7%

MELI MERCADOLIBRE INC 0.3%

Value ($000) $5,136 (-12.1%) Shares 2,550 (+2.0%) Est. Cost $1634.71 Unrealized +28.5%

KLAC KLA CORP 0.2%

Value ($000) $3,402 (+26.2%) Shares 2,800 (+12.0%) Est. Cost $842.61 Unrealized +39.1%

HCA HCA HEALTHCARE INC 0.2%

Value ($000) $3,852 (+20.5%) Shares 8,250 (+10.0%) Est. Cost $373.21 Unrealized +24.3%

GRTUF GRANITE REAL ESTATE INVT TR 0.5%

Value ($000) $7,563 (+9.5%) Shares 126,910 (+2.0%) Est. Cost $48.57 Unrealized —

TLH ISHARES TR 0.1%

Value ($000) $1,102 (+104.5%) Shares 10,835 (+107.2%) Est. Cost $103.60 Unrealized —

SPHY SPDR SERIES TRUST 0.0%

Value ($000) $779 (+199.1%) Shares 32,906 (+202.6%) Est. Cost $23.71 Unrealized —

OTEX OPEN TEXT CORP 0.0%

Value ($000) $766 (+141.2%) Shares 23,500 (+176.5%) Est. Cost $34.05 Unrealized +4.0%

TRI THOMSON REUTERS CORP 0.2%

Value ($000) $2,513 (+17.8%) Shares 19,022 (+38.5%) Est. Cost $127.63 Unrealized +10.6%

CM CANADIAN IMPERIAL BANK OF CO 0.1%

Value ($000) $1,374 (+29.8%) Shares 15,140 (+14.3%) Est. Cost $57.17 Unrealized +50.1%

CLS CELESTICA INC 0.0%

Value ($000) $678 (+63.1%) Shares 2,290 (+35.5%) Est. Cost $128.91 Unrealized +133.8%

WCN WASTE CONNECTIONS INC 0.1%

Value ($000) $1,324 (+22.5%) Shares 7,550 (+22.8%) Est. Cost $160.92 Unrealized +7.4%

RSG REPUBLIC SVCS INC 0.2%

Value ($000) $2,469 (+9.8%) Shares 11,650 (+18.9%) Est. Cost $162.35 Unrealized +32.2%

PBA PEMBINA PIPELINE CORP 0.3%

Value ($000) $5,448 (-3.1%) Shares 142,856 (+2.7%) Est. Cost $32.20 Unrealized +19.5%

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value ($000) $1,742 (+10.9%) Shares 3,000 (+33.3%) Est. Cost $398.66 Unrealized +56.8%

PAAS PAN AMERN SILVER CORP 0.0%

Value ($000) $441 (+42.4%) Shares 8,500 (+6.3%) Est. Cost $32.72 Unrealized +27.9%

BTGD TIDAL TRUST II 0.0%

Value ($000) $618 (-11.4%) Shares 17,993 (+11.1%) Est. Cost $42.15 Unrealized —

USIG ISHARES TR 0.1%

Value ($000) $1,003 (+6.1%) Shares 19,372 (+7.0%) Est. Cost $51.67 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.0%

Value ($000) $310 (+18.9%) Shares 796 (+6.8%) Est. Cost $288.14 Unrealized +30.2%

ADI ANALOG DEVICES INC 0.0%

Value ($000) $285 (+19.5%) Shares 1,052 (+8.2%) Est. Cost $239.84 Unrealized +4.5%

FALN ISHARES TR 0.1%

Value ($000) $1,059 (+2.8%) Shares 38,800 (+4.6%) Est. Cost $26.48 Unrealized —

IGIB ISHARES TR 0.1%

Value ($000) $1,695 (+1.7%) Shares 31,458 (+2.1%) Est. Cost $53.33 Unrealized —

XLF SELECT SECTOR SPDR TR 0.0%

Value ($000) $701 (+3.8%) Shares 12,797 (+2.1%) Est. Cost $43.82 Unrealized —

PFFA ETFIS SER TR I 0.0%

Value ($000) $320 (+3.1%) Shares 14,827 (+3.8%) Est. Cost $20.95 Unrealized —

SRLN SSGA ACTIVE ETF TR 0.0%

Value ($000) $344 (+2.3%) Shares 8,324 (+3.1%) Est. Cost $41.28 Unrealized —

PFF ISHARES TR 0.0%

Value ($000) $236 (-0.4%) Shares 7,620 (+1.7%) Est. Cost $30.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHOP	SHOPIFY INC	272,184 (+1781.0%)	$43,850 (+1940.2%)	2.7%	$157.82	+1.7%	CL A SUB VTG SHS	82509L107
BNS	BANK NOVA SCOTIA HALIFAX	552,819 (+89.3%)	$40,796 (+116.1%)	2.5%	$61.97	+9.7%	COM	064149107
LLY	ELI LILLY & CO	34,125 (+7.1%)	$36,673 (+50.8%)	2.2%	$770.21	+24.1%	COM	532457108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	71,152 (+79.2%)	$21,622 (+95.0%)	1.3%	$186.75	—	SPONSORED ADS	874039100
GOOGL	ALPHABET INC	113,905 (+6.8%)	$35,652 (+37.5%)	2.2%	$138.61	+106.0%	CAP STK CL A	02079K305
NFLX	NETFLIX INC	123,159 (+4161.6%)	$11,547 (+233.3%)	0.7%	$107.01	+0.7%	COM	64110L106
AMZN	AMAZON COM INC	275,020 (+4.4%)	$63,480 (+9.7%)	3.9%	$179.83	+27.2%	COM	023135106
JPM	JPMORGAN CHASE & CO.	29,427 (+135.2%)	$9,482 (+140.2%)	0.6%	$303.75	+1.9%	COM	46625H100
DELL	DELL TECHNOLOGIES INC	57,980 (+314.1%)	$7,299 (+267.7%)	0.4%	$137.95	+2.0%	CL C	24703L202
META	META PLATFORMS INC	96,456 (+5.0%)	$63,670 (-5.6%)	3.9%	$258.42	+158.2%	CL A	30303M102
TJX	TJX COS INC NEW	52,802 (+73.0%)	$8,111 (+83.8%)	0.5%	$135.26	+9.2%	COM	872540109
AVGO	BROADCOM INC	119,894 (+3.4%)	$41,495 (+8.5%)	2.5%	$173.01	+106.3%	COM	11135F101
CNQ	CANADIAN NAT RES LTD	260,352 (+48.2%)	$8,827 (+57.2%)	0.5%	$26.59	+21.9%	COM	136385101
NVDA	NVIDIA CORPORATION	405,267 (+4.5%)	$75,582 (+4.4%)	4.6%	$125.81	+47.9%	COM	67066G104
V	VISA INC	141,961 (+4.0%)	$49,787 (+6.9%)	3.0%	$102.62	+231.7%	COM CL A	92826C839
UNH	UNITEDHEALTH GROUP INC	65,256 (+22.6%)	$21,542 (+17.2%)	1.3%	$305.99	+10.2%	COM	91324P102
NU	NU HLDGS LTD	285,000 (+137.5%)	$4,771 (+148.3%)	0.3%	$14.40	+11.6%	ORD SHS CL A	G6683N103
UBER	UBER TECHNOLOGIES INC	105,000 (+75.0%)	$8,580 (+46.0%)	0.5%	$82.21	+9.5%	COM	90353T100
ADSK	AUTODESK INC	25,646 (+65.7%)	$7,591 (+54.4%)	0.5%	$292.20	+3.5%	COM	052769106
LDOS	LEIDOS HOLDINGS INC	25,000 (+150.0%)	$4,510 (+138.7%)	0.3%	$176.44	+7.2%	COM	525327102
IQV	IQVIA HLDGS INC	12,718 (+676.9%)	$2,867 (+822.0%)	0.2%	$218.03	-0.2%	COM	46266C105
VIK	VIKING HOLDINGS LTD	70,000 (+75.0%)	$4,999 (+101.0%)	0.3%	$53.12	+20.1%	ORD SHS	G93A5A101
BMO	BANK MONTREAL QUE	41,008 (+89.6%)	$5,329 (+89.2%)	0.3%	$108.77	+16.4%	COM	063671101
HLT	HILTON WORLDWIDE HLDGS INC	15,000 (+100.0%)	$4,309 (+121.4%)	0.3%	$248.33	+9.6%	COM	43300A203
ADBE	ADOBE INC	12,000 (+108.7%)	$4,200 (+107.1%)	0.3%	$394.41	-13.8%	COM	00724F101
MNST	MONSTER BEVERAGE CORP NEW	69,782 (+46.0%)	$5,350 (+66.4%)	0.3%	$65.10	+10.1%	COM	61174X109
MSCI	MSCI INC	6,750 (+92.9%)	$3,873 (+95.0%)	0.2%	$561.36	-0.2%	COM	55354G100
EXPE	EXPEDIA GROUP INC	20,550 (+9.0%)	$5,822 (+44.5%)	0.4%	$173.68	+42.1%	COM NEW	30212P303
WTS	WATTS WATER TECHNOLOGIES INC	13,000 (+100.0%)	$3,588 (+97.7%)	0.2%	$262.04	+5.3%	CL A	942749102
EME	EMCOR GROUP INC	6,300 (+80.0%)	$3,854 (+69.5%)	0.2%	$552.40	+17.2%	COM	29084Q100
FTI	TECHNIPFMC PLC	65,000 (+85.7%)	$2,896 (+109.8%)	0.2%	$35.59	+18.6%	COM	G87110105
RMD	RESMED INC	21,000 (+61.5%)	$5,058 (+42.1%)	0.3%	$243.05	+5.1%	COM	761152107
RJF	RAYMOND JAMES FINL INC	29,100 (+56.5%)	$4,673 (+45.6%)	0.3%	$146.85	+9.6%	COM	754730109
COF	CAPITAL ONE FINL CORP	12,000 (+60.0%)	$2,908 (+82.4%)	0.2%	$219.45	+1.3%	COM	14040H105
BKNG	BOOKING HOLDINGS INC	900 (+38.5%)	$4,820 (+37.3%)	0.3%	$4452.21	+15.4%	COM	09857L108
PFE	PFIZER INC	130,570 (+70.5%)	$3,251 (+66.6%)	0.2%	$25.08	-0.2%	COM	717081103
EOG	EOG RES INC	15,470 (+432.0%)	$1,625 (+398.2%)	0.1%	$110.55	-3.0%	COM	26875P101
VEEV	VEEVA SYS INC	26,000 (+67.7%)	$5,804 (+25.7%)	0.4%	$246.45	+7.7%	CL A COM	922475108
APP	APPLOVIN CORP	6,000 (+50.0%)	$4,043 (+40.7%)	0.2%	$249.81	+152.2%	COM CL A	03831W108
MSFT	MICROSOFT CORP	191,636 (+5.9%)	$92,679 (-1.2%)	5.7%	$144.74	+245.8%	COM	594918104
TUA	SIMPLIFY EXCHANGE TRADED FUN	265,795 (+22.0%)	$5,822 (+22.1%)	0.4%	$22.43	—	SHORT TERM TREA	82889N657
GIL	GILDAN ACTIVEWEAR INC	23,100 (+230.0%)	$1,445 (+257.5%)	0.1%	$54.69	+8.7%	COM	375916103
MELI	MERCADOLIBRE INC	2,550 (+2.0%)	$5,136 (-12.1%)	0.3%	$1634.71	+28.5%	COM	58733R102
KLAC	KLA CORP	2,800 (+12.0%)	$3,402 (+26.2%)	0.2%	$842.61	+39.1%	COM NEW	482480100
HCA	HCA HEALTHCARE INC	8,250 (+10.0%)	$3,852 (+20.5%)	0.2%	$373.21	+24.3%	COM	40412C101
GRTUF	GRANITE REAL ESTATE INVT TR	126,910 (+2.0%)	$7,563 (+9.5%)	0.5%	$48.57	—	TR UNIT NEW	387437205
TLH	ISHARES TR	10,835 (+107.2%)	$1,102 (+104.5%)	0.1%	$103.60	—	10-20 YR TRS ETF	464288653
SPHY	SPDR SERIES TRUST	32,906 (+202.6%)	$779 (+199.1%)	0.0%	$23.71	—	STATE STREET SPD	78468R606
OTEX	OPEN TEXT CORP	23,500 (+176.5%)	$766 (+141.2%)	0.0%	$34.05	+4.0%	COM	683715106
TRI	THOMSON REUTERS CORP	19,022 (+38.5%)	$2,513 (+17.8%)	0.2%	$127.63	+10.6%	COM	884903808
CM	CANADIAN IMPERIAL BANK OF CO	15,140 (+14.3%)	$1,374 (+29.8%)	0.1%	$57.17	+50.1%	COM	136069101
CLS	CELESTICA INC	2,290 (+35.5%)	$678 (+63.1%)	0.0%	$128.91	+133.8%	COM	15101Q207
WCN	WASTE CONNECTIONS INC	7,550 (+22.8%)	$1,324 (+22.5%)	0.1%	$160.92	+7.4%	COM	94106B101
RSG	REPUBLIC SVCS INC	11,650 (+18.9%)	$2,469 (+9.8%)	0.2%	$162.35	+32.2%	COM	760759100
PBA	PEMBINA PIPELINE CORP	142,856 (+2.7%)	$5,448 (-3.1%)	0.3%	$32.20	+19.5%	COM	706327103
SPOT	SPOTIFY TECHNOLOGY S A	3,000 (+33.3%)	$1,742 (+10.9%)	0.1%	$398.66	+56.8%	SHS	L8681T102
PAAS	PAN AMERN SILVER CORP	8,500 (+6.3%)	$441 (+42.4%)	0.0%	$32.72	+27.9%	COM	697900108
BTGD	TIDAL TRUST II	17,993 (+11.1%)	$618 (-11.4%)	0.0%	$42.15	—	STKD 100 BITCOIN	88636R834
USIG	ISHARES TR	19,372 (+7.0%)	$1,003 (+6.1%)	0.1%	$51.67	—	USD INV GRDE ETF	464288620
ROK	ROCKWELL AUTOMATION INC	796 (+6.8%)	$310 (+18.9%)	0.0%	$288.14	+30.2%	COM	773903109
ADI	ANALOG DEVICES INC	1,052 (+8.2%)	$285 (+19.5%)	0.0%	$239.84	+4.5%	COM	032654105
FALN	ISHARES TR	38,800 (+4.6%)	$1,059 (+2.8%)	0.1%	$26.48	—	FALN ANGLS USD	46435G474
IGIB	ISHARES TR	31,458 (+2.1%)	$1,695 (+1.7%)	0.1%	$53.33	—	ISHS 5-10YR INVT	464288638
XLF	SELECT SECTOR SPDR TR	12,797 (+2.1%)	$701 (+3.8%)	0.0%	$43.82	—	STATE STREET FIN	81369Y605
PFFA	ETFIS SER TR I	14,827 (+3.8%)	$320 (+3.1%)	0.0%	$20.95	—	VIRTUS INFRCAP	26923G822
SRLN	SSGA ACTIVE ETF TR	8,324 (+3.1%)	$344 (+2.3%)	0.0%	$41.28	—	STATE STREET BLA	78467V608
PFF	ISHARES TR	7,620 (+1.7%)	$236 (-0.4%)	0.0%	$30.74	—	PFD AND INCM SEC	464288687

Exited Positions (14)

MRSH MARSH & MCLENNAN COS INC 1.7%

Value ($000) $26,988 Shares 133,918 Est. Cost $134.92 Unrealized +38.2%

TMUS T-MOBILE US INC 0.2%

Value ($000) $3,805 Shares 15,895 Est. Cost $240.72 Unrealized -12.2%

DECK DECKERS OUTDOOR CORP 0.2%

Value ($000) $2,816 Shares 27,778 Est. Cost $140.35 Unrealized -33.2%

DLTR DOLLAR TREE INC 0.2%

Value ($000) $2,595 Shares 27,500 Est. Cost $107.01 Unrealized +0.1%

CME CME GROUP INC 0.1%

Value ($000) $2,216 Shares 8,200 Est. Cost $263.74 Unrealized +2.7%

CCK CROWN HLDGS INC 0.1%

Value ($000) $1,932 Shares 20,000 Est. Cost $98.61 Unrealized -1.3%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.1%

Value ($000) $1,775 Shares 20,000 Est. Cost $80.00 Unrealized +6.6%

DG DOLLAR GEN CORP NEW 0.1%

Value ($000) $1,550 Shares 15,000 Est. Cost $108.94 Unrealized +2.4%

IBKR INTERACTIVE BROKERS GROUP IN 0.1%

Value ($000) $1,548 Shares 22,500 Est. Cost $62.79 Unrealized +6.5%

WBD WARNER BROS DISCOVERY INC 0.1%

Value ($000) $1,178 Shares 60,300 Est. Cost $18.55 Unrealized +26.0%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $1,176 Shares 17,535 Est. Cost $66.73 Unrealized -2.8%

DKNG DRAFTKINGS INC NEW 0.1%

Value ($000) $935 Shares 25,000 Est. Cost $44.34 Unrealized -25.8%

BBU BROOKFIELD BUSINESS PARTNERS 0.0%

Value ($000) $318 Shares 9,700 Est. Cost $32.79 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.0%

Value ($000) $314 Shares 4,900 Est. Cost $65.21 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRSH	MARSH & MCLENNAN COS INC	133,918	$26,988	1.7%	$134.92	+38.2%	—	571748102
TMUS	T-MOBILE US INC	15,895	$3,805	0.2%	$240.72	-12.2%	—	872590104
DECK	DECKERS OUTDOOR CORP	27,778	$2,816	0.2%	$140.35	-33.2%	—	243537107
DLTR	DOLLAR TREE INC	27,500	$2,595	0.2%	$107.01	+0.1%	—	256746108
CME	CME GROUP INC	8,200	$2,216	0.1%	$263.74	+2.7%	—	12572Q105
CCK	CROWN HLDGS INC	20,000	$1,932	0.1%	$98.61	-1.3%	—	228368106
SSNC	SS&C TECHNOLOGIES HLDGS INC	20,000	$1,775	0.1%	$80.00	+6.6%	—	78467J100
DG	DOLLAR GEN CORP NEW	15,000	$1,550	0.1%	$108.94	+2.4%	—	256677105
IBKR	INTERACTIVE BROKERS GROUP IN	22,500	$1,548	0.1%	$62.79	+6.5%	—	45841N107
WBD	WARNER BROS DISCOVERY INC	60,300	$1,178	0.1%	$18.55	+26.0%	—	934423104
PYPL	PAYPAL HLDGS INC	17,535	$1,176	0.1%	$66.73	-2.8%	—	70450Y103
DKNG	DRAFTKINGS INC NEW	25,000	$935	0.1%	$44.34	-25.8%	—	26142V105
BBU	BROOKFIELD BUSINESS PARTNERS	9,700	$318	0.0%	$32.79	—	—	G16234109
QSR	RESTAURANT BRANDS INTL INC	4,900	$314	0.0%	$65.21	+5.7%	—	76131D103

Decreased Positions (57)

AJG GALLAGHER ARTHUR J & CO 0.3%

Value ($000) $4,923 (-80.8%) Shares 19,022 (-77.0%) Est. Cost $180.76 Unrealized +46.2%

CRM SALESFORCE INC 0.4%

Value ($000) $5,987 (-69.3%) Shares 22,600 (-72.5%) Est. Cost $259.79 Unrealized -4.5%

CP CANADIAN PACIFIC KANSAS CITY 1.1%

Value ($000) $17,556 (-38.8%) Shares 238,318 (-38.1%) Est. Cost $77.47 Unrealized -5.0%

RY ROYAL BK CDA 4.1%

Value ($000) $66,743 (+13.9%) Shares 391,226 (-1.6%) Est. Cost $79.11 Unrealized +94.1%

ETN EATON CORP PLC 2.2%

Value ($000) $36,676 (-16.9%) Shares 115,148 (-2.4%) Est. Cost $179.40 Unrealized +97.5%

TW TRADEWEB MKTS INC 0.2%

Value ($000) $3,656 (-63.9%) Shares 34,000 (-62.7%) Est. Cost $126.03 Unrealized -14.8%

PGR PROGRESSIVE CORP 0.1%

Value ($000) $2,115 (-69.7%) Shares 9,286 (-67.2%) Est. Cost $243.58 Unrealized -12.8%

DE DEERE & CO 0.2%

Value ($000) $2,990 (-61.5%) Shares 6,423 (-62.2%) Est. Cost $486.68 Unrealized -3.9%

ARES ARES MANAGEMENT CORPORATION 0.1%

Value ($000) $1,792 (-69.0%) Shares 11,090 (-69.3%) Est. Cost $129.04 Unrealized +20.1%

ORCL ORACLE CORP 0.1%

Value ($000) $914 (-80.8%) Shares 4,690 (-72.3%) Est. Cost $169.53 Unrealized +40.4%

PM PHILIP MORRIS INTL INC 0.4%

Value ($000) $6,517 (-35.1%) Shares 40,630 (-34.4%) Est. Cost $108.39 Unrealized +41.7%

COST COSTCO WHSL CORP NEW 2.2%

Value ($000) $36,561 (-8.8%) Shares 42,398 (-2.1%) Est. Cost $305.41 Unrealized +196.6%

DIS DISNEY WALT CO 0.2%

Value ($000) $3,973 (-46.7%) Shares 34,923 (-46.3%) Est. Cost $112.08 Unrealized -2.3%

WMT WALMART INC 4.1%

Value ($000) $66,795 (+4.2%) Shares 599,541 (-3.6%) Est. Cost $58.36 Unrealized +83.7%

FSV FIRSTSERVICE CORP NEW 0.2%

Value ($000) $3,822 (-40.6%) Shares 24,550 (-27.3%) Est. Cost $86.92 Unrealized +86.9%

DSGX DESCARTES SYS GROUP INC 0.2%

Value ($000) $2,762 (-47.7%) Shares 31,450 (-44.0%) Est. Cost $51.77 Unrealized +72.7%

STN STANTEC INC 0.9%

Value ($000) $15,063 (-13.6%) Shares 159,529 (-1.4%) Est. Cost $81.18 Unrealized —

MA MASTERCARD INCORPORATED 2.0%

Value ($000) $32,198 (-5.9%) Shares 56,400 (-6.2%) Est. Cost $408.87 Unrealized +36.7%

BAM BROOKFIELD ASSET MANAGMT LTD 0.3%

Value ($000) $5,166 (-27.9%) Shares 98,515 (-21.8%) Est. Cost $55.47 Unrealized -3.6%

SPGI S&P GLOBAL INC 3.0%

Value ($000) $48,726 (+4.0%) Shares 93,240 (-3.1%) Est. Cost $322.37 Unrealized +53.3%

INTU INTUIT 0.2%

Value ($000) $3,676 (-32.4%) Shares 5,550 (-30.3%) Est. Cost $719.44 Unrealized -8.2%

BLK BLACKROCK INC 0.4%

Value ($000) $5,849 (-21.0%) Shares 5,465 (-13.9%) Est. Cost $1015.15 Unrealized +7.3%

VST VISTRA CORP 0.3%

Value ($000) $4,683 (-24.2%) Shares 29,025 (-7.9%) Est. Cost $172.98 Unrealized +5.2%

MCK MCKESSON CORP 0.4%

Value ($000) $6,583 (-18.4%) Shares 8,025 (-23.1%) Est. Cost $528.14 Unrealized +54.4%

FERG FERGUSON ENTERPRISES INC 0.0%

Value ($000) $500 (-74.6%) Shares 2,245 (-74.3%) Est. Cost $224.73 Unrealized +5.9%

NDAQ NASDAQ INC 0.6%

Value ($000) $9,450 (-13.1%) Shares 97,288 (-20.9%) Est. Cost $68.54 Unrealized +30.9%

PH PARKER-HANNIFIN CORP 0.6%

Value ($000) $9,273 (+14.7%) Shares 10,550 (-1.0%) Est. Cost $321.10 Unrealized +154.7%

AMAT APPLIED MATLS INC 0.4%

Value ($000) $5,976 (+24.1%) Shares 23,253 (-1.1%) Est. Cost $128.13 Unrealized +86.9%

WSM WILLIAMS SONOMA INC 0.3%

Value ($000) $4,368 (-20.3%) Shares 24,460 (-12.8%) Est. Cost $190.33 Unrealized -1.6%

ABBV ABBVIE INC 0.6%

Value ($000) $9,147 (-10.7%) Shares 40,032 (-9.5%) Est. Cost $181.87 Unrealized +25.1%

PAYC PAYCOM SOFTWARE INC 0.1%

Value ($000) $1,359 (-43.4%) Shares 8,525 (-26.0%) Est. Cost $204.99 Unrealized -13.7%

CCJ CAMECO CORP 0.9%

Value ($000) $14,411 (-6.4%) Shares 157,246 (-14.3%) Est. Cost $21.98 Unrealized +309.2%

HBM HUDBAY MINERALS INC 0.3%

Value ($000) $4,627 (-16.2%) Shares 232,800 (-36.2%) Est. Cost $6.24 Unrealized +170.8%

AESI ATLAS ENERGY SOLUTIONS INC 0.0%

Value ($000) $755 (-54.2%) Shares 80,100 (-44.7%) Est. Cost $20.31 Unrealized -50.2%

EMR EMERSON ELEC CO 0.1%

Value ($000) $1,248 (-41.3%) Shares 9,400 (-42.0%) Est. Cost $102.00 Unrealized +29.8%

PODD INSULET CORP 0.1%

Value ($000) $2,132 (-23.3%) Shares 7,500 (-16.7%) Est. Cost $313.31 Unrealized -0.2%

FTNT FORTINET INC 0.1%

Value ($000) $2,144 (-21.5%) Shares 27,000 (-16.9%) Est. Cost $75.74 Unrealized +9.5%

GE GE AEROSPACE 0.5%

Value ($000) $8,337 (-6.3%) Shares 27,065 (-8.5%) Est. Cost $223.71 Unrealized +34.5%

VRTX VERTEX PHARMACEUTICALS INC 0.3%

Value ($000) $4,355 (+14.1%) Shares 9,607 (-1.4%) Est. Cost $444.00 Unrealized -2.9%

EUFN ISHARES TR 0.3%

Value ($000) $4,678 (+6.9%) Shares 126,135 (-1.0%) Est. Cost $28.60 Unrealized —

JNJ JOHNSON & JOHNSON 0.8%

Value ($000) $12,288 (-2.3%) Shares 59,375 (-12.4%) Est. Cost $166.15 Unrealized +18.6%

EFA ISHARES TR 0.1%

Value ($000) $2,391 (-10.0%) Shares 24,900 (-12.5%) Est. Cost $89.39 Unrealized —

CTA SIMPLIFY EXCHANGE TRADED FUN 0.2%

Value ($000) $3,007 (-7.6%) Shares 110,322 (-5.2%) Est. Cost $29.54 Unrealized —

TU TELUS CORPORATION 0.0%

Value ($000) $189 (-50.4%) Shares 14,364 (-40.8%) Est. Cost $16.13 Unrealized -12.7%

GLD SPDR GOLD TR 0.5%

Value ($000) $7,375 (+2.5%) Shares 18,608 (-8.1%) Est. Cost $240.20 Unrealized —

SJNK SPDR SERIES TRUST 0.0%

Value ($000) $224 (-38.6%) Shares 8,843 (-37.9%) Est. Cost $25.63 Unrealized —

IGSB ISHARES TR 0.1%

Value ($000) $1,334 (-9.1%) Shares 25,232 (-8.9%) Est. Cost $52.41 Unrealized —

CAH CARDINAL HEALTH INC 0.1%

Value ($000) $822 (-12.7%) Shares 4,000 (-33.3%) Est. Cost $153.58 Unrealized +22.2%

NTR NUTRIEN LTD 0.3%

Value ($000) $4,675 (+2.0%) Shares 75,650 (-3.1%) Est. Cost $58.28 Unrealized +1.0%

AON AON PLC 0.2%

Value ($000) $3,434 (-2.5%) Shares 9,730 (-1.5%) Est. Cost $381.29 Unrealized -8.4%

BND VANGUARD BD INDEX FDS 0.1%

Value ($000) $1,235 (-5.0%) Shares 16,675 (-4.6%) Est. Cost $78.47 Unrealized —

ENB ENBRIDGE INC 0.0%

Value ($000) $687 (-6.1%) Shares 14,342 (-1.1%) Est. Cost $29.57 Unrealized +59.3%

HWM HOWMET AEROSPACE INC 0.5%

Value ($000) $8,748 (-0.2%) Shares 42,670 (-4.5%) Est. Cost $57.82 Unrealized +244.2%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $1,185 (-1.2%) Shares 4,000 (-5.9%) Est. Cost $173.10 Unrealized +72.6%

CSCO CISCO SYS INC 0.6%

Value ($000) $9,400 (+0.1%) Shares 122,035 (-11.1%) Est. Cost $67.38 Unrealized +9.5%

KGC KINROSS GOLD CORP 0.0%

Value ($000) $395 (+1.4%) Shares 14,000 (-10.8%) Est. Cost $19.24 Unrealized +35.1%

SLF SUN LIFE FINANCIAL INC. 0.0%

Value ($000) $404 (+0.8%) Shares 6,469 (-3.1%) Est. Cost $56.26 Unrealized +7.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AJG	GALLAGHER ARTHUR J & CO	19,022 (-77.0%)	$4,923 (-80.8%)	0.3%	$180.76	+46.2%	COM	363576109
CRM	SALESFORCE INC	22,600 (-72.5%)	$5,987 (-69.3%)	0.4%	$259.79	-4.5%	COM	79466L302
CP	CANADIAN PACIFIC KANSAS CITY	238,318 (-38.1%)	$17,556 (-38.8%)	1.1%	$77.47	-5.0%	COM	13646K108
RY	ROYAL BK CDA	391,226 (-1.6%)	$66,743 (+13.9%)	4.1%	$79.11	+94.1%	COM	780087102
ETN	EATON CORP PLC	115,148 (-2.4%)	$36,676 (-16.9%)	2.2%	$179.40	+97.5%	SHS	G29183103
TW	TRADEWEB MKTS INC	34,000 (-62.7%)	$3,656 (-63.9%)	0.2%	$126.03	-14.8%	CL A	892672106
PGR	PROGRESSIVE CORP	9,286 (-67.2%)	$2,115 (-69.7%)	0.1%	$243.58	-12.8%	COM	743315103
DE	DEERE & CO	6,423 (-62.2%)	$2,990 (-61.5%)	0.2%	$486.68	-3.9%	COM	244199105
ARES	ARES MANAGEMENT CORPORATION	11,090 (-69.3%)	$1,792 (-69.0%)	0.1%	$129.04	+20.1%	CL A COM STK	03990B101
ORCL	ORACLE CORP	4,690 (-72.3%)	$914 (-80.8%)	0.1%	$169.53	+40.4%	COM	68389X105
PM	PHILIP MORRIS INTL INC	40,630 (-34.4%)	$6,517 (-35.1%)	0.4%	$108.39	+41.7%	COM	718172109
COST	COSTCO WHSL CORP NEW	42,398 (-2.1%)	$36,561 (-8.8%)	2.2%	$305.41	+196.6%	COM	22160K105
DIS	DISNEY WALT CO	34,923 (-46.3%)	$3,973 (-46.7%)	0.2%	$112.08	-2.3%	COM	254687106
WMT	WALMART INC	599,541 (-3.6%)	$66,795 (+4.2%)	4.1%	$58.36	+83.7%	COM	931142103
FSV	FIRSTSERVICE CORP NEW	24,550 (-27.3%)	$3,822 (-40.6%)	0.2%	$86.92	+86.9%	COM	33767E202
DSGX	DESCARTES SYS GROUP INC	31,450 (-44.0%)	$2,762 (-47.7%)	0.2%	$51.77	+72.7%	COM	249906108
STN	STANTEC INC	159,529 (-1.4%)	$15,063 (-13.6%)	0.9%	$81.18	—	COM	85472N109
MA	MASTERCARD INCORPORATED	56,400 (-6.2%)	$32,198 (-5.9%)	2.0%	$408.87	+36.7%	CL A	57636Q104
BAM	BROOKFIELD ASSET MANAGMT LTD	98,515 (-21.8%)	$5,166 (-27.9%)	0.3%	$55.47	-3.6%	CL A LMT VTG SHS	113004105
SPGI	S&P GLOBAL INC	93,240 (-3.1%)	$48,726 (+4.0%)	3.0%	$322.37	+53.3%	COM	78409V104
INTU	INTUIT	5,550 (-30.3%)	$3,676 (-32.4%)	0.2%	$719.44	-8.2%	COM	461202103
BLK	BLACKROCK INC	5,465 (-13.9%)	$5,849 (-21.0%)	0.4%	$1015.15	+7.3%	COM	09290D101
VST	VISTRA CORP	29,025 (-7.9%)	$4,683 (-24.2%)	0.3%	$172.98	+5.2%	COM	92840M102
MCK	MCKESSON CORP	8,025 (-23.1%)	$6,583 (-18.4%)	0.4%	$528.14	+54.4%	COM	58155Q103
FERG	FERGUSON ENTERPRISES INC	2,245 (-74.3%)	$500 (-74.6%)	0.0%	$224.73	+5.9%	COMMON STOCK NEW	31488V107
NDAQ	NASDAQ INC	97,288 (-20.9%)	$9,450 (-13.1%)	0.6%	$68.54	+30.9%	COM	631103108
PH	PARKER-HANNIFIN CORP	10,550 (-1.0%)	$9,273 (+14.7%)	0.6%	$321.10	+154.7%	COM	701094104
AMAT	APPLIED MATLS INC	23,253 (-1.1%)	$5,976 (+24.1%)	0.4%	$128.13	+86.9%	COM	038222105
WSM	WILLIAMS SONOMA INC	24,460 (-12.8%)	$4,368 (-20.3%)	0.3%	$190.33	-1.6%	COM	969904101
ABBV	ABBVIE INC	40,032 (-9.5%)	$9,147 (-10.7%)	0.6%	$181.87	+25.1%	COM	00287Y109
PAYC	PAYCOM SOFTWARE INC	8,525 (-26.0%)	$1,359 (-43.4%)	0.1%	$204.99	-13.7%	COM	70432V102
CCJ	CAMECO CORP	157,246 (-14.3%)	$14,411 (-6.4%)	0.9%	$21.98	+309.2%	COM	13321L108
HBM	HUDBAY MINERALS INC	232,800 (-36.2%)	$4,627 (-16.2%)	0.3%	$6.24	+170.8%	COM	443628102
AESI	ATLAS ENERGY SOLUTIONS INC	80,100 (-44.7%)	$755 (-54.2%)	0.0%	$20.31	-50.2%	COM NEW	642045108
EMR	EMERSON ELEC CO	9,400 (-42.0%)	$1,248 (-41.3%)	0.1%	$102.00	+29.8%	COM	291011104
PODD	INSULET CORP	7,500 (-16.7%)	$2,132 (-23.3%)	0.1%	$313.31	-0.2%	COM	45784P101
FTNT	FORTINET INC	27,000 (-16.9%)	$2,144 (-21.5%)	0.1%	$75.74	+9.5%	COM	34959E109
GE	GE AEROSPACE	27,065 (-8.5%)	$8,337 (-6.3%)	0.5%	$223.71	+34.5%	COM NEW	369604301
VRTX	VERTEX PHARMACEUTICALS INC	9,607 (-1.4%)	$4,355 (+14.1%)	0.3%	$444.00	-2.9%	COM	92532F100
EUFN	ISHARES TR	126,135 (-1.0%)	$4,678 (+6.9%)	0.3%	$28.60	—	MSCI EURO FL ETF	464289180
JNJ	JOHNSON & JOHNSON	59,375 (-12.4%)	$12,288 (-2.3%)	0.8%	$166.15	+18.6%	COM	478160104
EFA	ISHARES TR	24,900 (-12.5%)	$2,391 (-10.0%)	0.1%	$89.39	—	MSCI EAFE ETF	464287465
CTA	SIMPLIFY EXCHANGE TRADED FUN	110,322 (-5.2%)	$3,007 (-7.6%)	0.2%	$29.54	—	MANAGED FUTURES	82889N699
TU	TELUS CORPORATION	14,364 (-40.8%)	$189 (-50.4%)	0.0%	$16.13	-12.7%	COM	87971M103
GLD	SPDR GOLD TR	18,608 (-8.1%)	$7,375 (+2.5%)	0.5%	$240.20	—	GOLD SHS	78463V107
SJNK	SPDR SERIES TRUST	8,843 (-37.9%)	$224 (-38.6%)	0.0%	$25.63	—	STATE STREET SPD	78468R408
IGSB	ISHARES TR	25,232 (-8.9%)	$1,334 (-9.1%)	0.1%	$52.41	—	ISHS 1-5YR INVS	464288646
CAH	CARDINAL HEALTH INC	4,000 (-33.3%)	$822 (-12.7%)	0.1%	$153.58	+22.2%	COM	14149Y108
NTR	NUTRIEN LTD	75,650 (-3.1%)	$4,675 (+2.0%)	0.3%	$58.28	+1.0%	COM	67077M108
AON	AON PLC	9,730 (-1.5%)	$3,434 (-2.5%)	0.2%	$381.29	-8.4%	SHS CL A	G0403H108
BND	VANGUARD BD INDEX FDS	16,675 (-4.6%)	$1,235 (-5.0%)	0.1%	$78.47	—	TOTAL BND MRKT	921937835
ENB	ENBRIDGE INC	14,342 (-1.1%)	$687 (-6.1%)	0.0%	$29.57	+59.3%	COM	29250N105
HWM	HOWMET AEROSPACE INC	42,670 (-4.5%)	$8,748 (-0.2%)	0.5%	$57.82	+244.2%	COM	443201108
IBM	INTERNATIONAL BUSINESS MACHS	4,000 (-5.9%)	$1,185 (-1.2%)	0.1%	$173.10	+72.6%	COM	459200101
CSCO	CISCO SYS INC	122,035 (-11.1%)	$9,400 (+0.1%)	0.6%	$67.38	+9.5%	COM	17275R102
KGC	KINROSS GOLD CORP	14,000 (-10.8%)	$395 (+1.4%)	0.0%	$19.24	+35.1%	COM	496902404
SLF	SUN LIFE FINANCIAL INC.	6,469 (-3.1%)	$404 (+0.8%)	0.0%	$56.26	+7.4%	COM	866796105

Unchanged Positions (24)

GOOG ALPHABET INC 3.3%

Value ($000) $53,411 Shares 170,208 Est. Cost $113.93 Unrealized +151.3%

HD HOME DEPOT INC 1.3%

Value ($000) $20,745 Shares 60,287 Est. Cost $280.10 Unrealized +30.2%

LIN LINDE PLC 1.9%

Value ($000) $30,846 Shares 72,343 Est. Cost $323.08 Unrealized +32.3%

AAPL APPLE INC 3.3%

Value ($000) $54,364 Shares 199,971 Est. Cost $194.16 Unrealized +38.2%

ORLY OREILLY AUTOMOTIVE INC 1.0%

Value ($000) $16,218 Shares 177,807 Est. Cost $89.71 Unrealized +8.9%

AZN ASTRAZENECA PLC 0.7%

Value ($000) $11,529 Shares 125,412 Est. Cost $73.25 Unrealized —

APH AMPHENOL CORP NEW 1.3%

Value ($000) $20,555 Shares 152,105 Est. Cost $88.38 Unrealized +51.1%

TD TORONTO DOMINION BK ONT 0.6%

Value ($000) $10,305 Shares 109,259 Est. Cost $68.10 Unrealized +24.0%

AGI ALAMOS GOLD INC NEW 0.6%

Value ($000) $9,365 Shares 242,260 Est. Cost $8.65 Unrealized +303.0%

CDNS CADENCE DESIGN SYSTEM INC 0.2%

Value ($000) $3,792 Shares 12,132 Est. Cost $293.95 Unrealized +11.0%

SII SPROTT INC 0.2%

Value ($000) $3,167 Shares 32,300 Est. Cost $69.74 Unrealized +27.2%

ET ENERGY TRANSFER L P 0.4%

Value ($000) $6,266 Shares 380,005 Est. Cost $15.81 Unrealized —

BAC BANK AMERICA CORP 0.2%

Value ($000) $3,056 Shares 55,560 Est. Cost $28.10 Unrealized +87.4%

GDX VANECK ETF TRUST 0.1%

Value ($000) $895 Shares 10,440 Est. Cost $76.40 Unrealized —

WRB BERKLEY W R CORP 0.1%

Value ($000) $825 Shares 11,765 Est. Cost $54.96 Unrealized +32.3%

KKR KKR & CO INC 0.2%

Value ($000) $3,314 Shares 25,998 Est. Cost $141.13 Unrealized -11.9%

FTS FORTIS INC 0.1%

Value ($000) $1,010 Shares 19,400 Est. Cost $37.13 Unrealized +36.9%

LECO LINCOLN ELEC HLDGS INC 0.1%

Value ($000) $1,414 Shares 5,900 Est. Cost $196.66 Unrealized +20.4%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $917 Shares 1,463 Est. Cost $480.70 Unrealized —

RCI ROGERS COMMUNICATIONS INC 0.0%

Value ($000) $224 Shares 5,920 Est. Cost $34.43 Unrealized +8.9%

SCHO SCHWAB STRATEGIC TR 0.1%

Value ($000) $886 Shares 36,346 Est. Cost $35.52 Unrealized —

CCEP COCA-COLA EUROPACIFIC PARTNE 0.3%

Value ($000) $4,325 Shares 47,690 Est. Cost $89.43 Unrealized +0.2%

VCSH VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $1,914 Shares 24,000 Est. Cost $79.42 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.1%

Value ($000) $1,050 Shares 50,000 Est. Cost $21.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	170,208	$53,411	3.3%	$113.93	+151.3%	CAP STK CL C	02079K107
HD	HOME DEPOT INC	60,287	$20,745	1.3%	$280.10	+30.2%	COM	437076102
LIN	LINDE PLC	72,343	$30,846	1.9%	$323.08	+32.3%	SHS	G54950103
AAPL	APPLE INC	199,971	$54,364	3.3%	$194.16	+38.2%	COM	037833100
ORLY	OREILLY AUTOMOTIVE INC	177,807	$16,218	1.0%	$89.71	+8.9%	COM	67103H107
AZN	ASTRAZENECA PLC	125,412	$11,529	0.7%	$73.25	—	SPONSORED ADR	046353108
APH	AMPHENOL CORP NEW	152,105	$20,555	1.3%	$88.38	+51.1%	CL A	032095101
TD	TORONTO DOMINION BK ONT	109,259	$10,305	0.6%	$68.10	+24.0%	COM NEW	891160509
AGI	ALAMOS GOLD INC NEW	242,260	$9,365	0.6%	$8.65	+303.0%	COM CL A	011532108
CDNS	CADENCE DESIGN SYSTEM INC	12,132	$3,792	0.2%	$293.95	+11.0%	COM	127387108
SII	SPROTT INC	32,300	$3,167	0.2%	$69.74	+27.2%	COM NEW	852066208
ET	ENERGY TRANSFER L P	380,005	$6,266	0.4%	$15.81	—	COM UT LTD PTN	29273V100
BAC	BANK AMERICA CORP	55,560	$3,056	0.2%	$28.10	+87.4%	COM	060505104
GDX	VANECK ETF TRUST	10,440	$895	0.1%	$76.40	—	GOLD MINERS ETF	92189F106
WRB	BERKLEY W R CORP	11,765	$825	0.1%	$54.96	+32.3%	COM	084423102
KKR	KKR & CO INC	25,998	$3,314	0.2%	$141.13	-11.9%	COM	48251W104
FTS	FORTIS INC	19,400	$1,010	0.1%	$37.13	+36.9%	COM	349553107
LECO	LINCOLN ELEC HLDGS INC	5,900	$1,414	0.1%	$196.66	+20.4%	COM	533900106
VOO	VANGUARD INDEX FDS	1,463	$917	0.1%	$480.70	—	S&P 500 ETF SHS	922908363
RCI	ROGERS COMMUNICATIONS INC	5,920	$224	0.0%	$34.43	+8.9%	CL B	775109200
SCHO	SCHWAB STRATEGIC TR	36,346	$886	0.1%	$35.52	—	SHT TM US TRES	808524862
CCEP	COCA-COLA EUROPACIFIC PARTNE	47,690	$4,325	0.3%	$89.43	+0.2%	SHS	G25839104
VCSH	VANGUARD SCOTTSDALE FDS	24,000	$1,914	0.1%	$79.42	—	SHRT TRM CORP BD	92206C409
BKLN	INVESCO EXCH TRADED FD TR II	50,000	$1,050	0.1%	$21.48	—	SR LN ETF	46138G508