Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FDXF	FEDEX FGHT HLDG CO INC	33,770	$5.099M	0.8%	$151.00	—	COMMON STOCK	314352105
CEF	SPROTT ASSET MANAGEMENT LP	13,350	$537K	0.1%	$40.23	—	PHYSICAL GOLD AN	85208R101
DELL	DELL TECHNOLOGIES INC	803	$346K	0.1%	$431.46	—	CL C	24703L202
DEO	DIAGEO PLC	3,815	$307K	0.0%	$80.38	—	SPON ADR NEW	25243Q205
GE	GE AEROSPACE	661	$247K	0.0%	$373.73	—	COM NEW	369604301
MRNA	MODERNA INC	3,000	$210K	0.0%	$70.03	—	COM	60770K107

Increased Positions (5)

REGN REGENERON PHARMACEUTICALS 0.8%

Value $5.228M (-17.5%) Shares 8,385 (+2.2%) Est. Cost $504.99 Unrealized —

CMCSA COMCAST CORP NEW 0.8%

Value $5.349M (-12.0%) Shares 217,889 (+2.9%) Est. Cost $36.80 Unrealized —

ABT ABBOTT LABORATORIES 0.4%

Value $2.746M (-9.8%) Shares 30,261 (+2.0%) Est. Cost $33.90 Unrealized —

KHC KRAFT HEINZ CO 0.4%

Value $2.412M (+6.2%) Shares 102,100 (+1.1%) Est. Cost $29.96 Unrealized —

— ADAMS DIVERSIFIED EQUITY FD 0.0%

Value $316K (+18.9%) Shares 12,372 (+1.8%) Est. Cost $21.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
REGN	REGENERON PHARMACEUTICALS	8,385 (+2.2%)	$5.228M (-17.5%)	0.8%	$504.99	—	COM	75886F107
CMCSA	COMCAST CORP NEW	217,889 (+2.9%)	$5.349M (-12.0%)	0.8%	$36.80	—	CL A	20030N101
ABT	ABBOTT LABORATORIES	30,261 (+2.0%)	$2.746M (-9.8%)	0.4%	$33.90	—	COM	002824100
KHC	KRAFT HEINZ CO	102,100 (+1.1%)	$2.412M (+6.2%)	0.4%	$29.96	—	COM	500754106
—	ADAMS DIVERSIFIED EQUITY FD	12,372 (+1.8%)	$316K (+18.9%)	0.0%	$21.47	—	COM	006212104

Exited Positions (1)

HIG HARTFORD INSURANCE GROUP INC 0.0%

Value $212K Shares 1,566 Est. Cost $122.91 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HIG	HARTFORD INSURANCE GROUP INC	1,566	$212K	0.0%	$122.91	—	—	416515104

Decreased Positions (9)

CSCO CISCO SYS INC 0.8%

Value $5.222M (+48.9%) Shares 44,454 (-1.7%) Est. Cost $16.61 Unrealized —

LOW LOWES COS INC 0.7%

Value $4.731M (-8.6%) Shares 21,458 (-2.1%) Est. Cost $136.54 Unrealized —

HD HOME DEPOT INC 1.6%

Value $10.78M (+3.5%) Shares 30,553 (-3.5%) Est. Cost $80.96 Unrealized —

ORCL ORACLE CORP 0.1%

Value $371K (-48.8%) Shares 2,534 (-48.6%) Est. Cost $42.29 Unrealized —

MCK MCKESSON CORP 0.1%

Value $928K (-22.1%) Shares 1,228 (-10.8%) Est. Cost $403.96 Unrealized —

MTB M & T BK CORP 0.5%

Value $3.433M (+7.3%) Shares 14,423 (-6.8%) Est. Cost $135.58 Unrealized —

WBD WARNER BROS DISCOVERY INC 0.3%

Value $1.9M (-3.9%) Shares 71,284 (-1.1%) Est. Cost $18.22 Unrealized —

BAC BANK OF AMER CORP 0.1%

Value $544K (+14.8%) Shares 9,542 (-1.8%) Est. Cost $23.84 Unrealized —

JPM JPMORGAN CHASE & CO 0.0%

Value $201K (-2.3%) Shares 614 (-12.2%) Est. Cost $254.56 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSCO	CISCO SYS INC	44,454 (-1.7%)	$5.222M (+48.9%)	0.8%	$16.61	—	COM	17275R102
LOW	LOWES COS INC	21,458 (-2.1%)	$4.731M (-8.6%)	0.7%	$136.54	—	COM	548661107
HD	HOME DEPOT INC	30,553 (-3.5%)	$10.78M (+3.5%)	1.6%	$80.96	—	COM	437076102
ORCL	ORACLE CORP	2,534 (-48.6%)	$371K (-48.8%)	0.1%	$42.29	—	COM	68389X105
MCK	MCKESSON CORP	1,228 (-10.8%)	$928K (-22.1%)	0.1%	$403.96	—	COM	58155Q103
MTB	M & T BK CORP	14,423 (-6.8%)	$3.433M (+7.3%)	0.5%	$135.58	—	COM	55261F104
WBD	WARNER BROS DISCOVERY INC	71,284 (-1.1%)	$1.9M (-3.9%)	0.3%	$18.22	—	COM SER A	934423104
BAC	BANK OF AMER CORP	9,542 (-1.8%)	$544K (+14.8%)	0.1%	$23.84	—	COM	060505104
JPM	JPMORGAN CHASE & CO	614 (-12.2%)	$201K (-2.3%)	0.0%	$254.56	—	COM	46625H100

Unchanged Positions (59)

GOOG ALPHABET INC 23.3%

Value $156M Shares 441,185 Est. Cost $108.08 Unrealized —

GOOGL ALPHABET INC 6.0%

Value $40.08M Shares 112,146 Est. Cost $117.05 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 10.5%

Value $70.35M Shares 140,600 Est. Cost $145.64 Unrealized —

FDX FEDEX CORP 3.2%

Value $21.34M Shares 68,144 Est. Cost $194.38 Unrealized —

AXP AMERICAN EXPRESS CO 3.8%

Value $25.55M Shares 75,527 Est. Cost $72.73 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 3.0%

Value $20.17M Shares 27,016 Est. Cost $422.60 Unrealized —

CSX CSX CORP 2.9%

Value $19.15M Shares 402,966 Est. Cost $23.32 Unrealized —

AAPL APPLE INC 3.2%

Value $21.25M Shares 73,438 Est. Cost $107.04 Unrealized —

QQQ INVESCO QQQ TR 1.5%

Value $10.06M Shares 13,660 Est. Cost $371.31 Unrealized —

PEP PEPSICO INC 1.7%

Value $11.41M Shares 84,267 Est. Cost $65.92 Unrealized —

UNP UNION PAC CORP 2.0%

Value $13.5M Shares 49,617 Est. Cost $109.71 Unrealized —

LMT LOCKHEED MARTIN CORP 1.1%

Value $7.211M Shares 14,154 Est. Cost $99.67 Unrealized —

VONE VANGUARD SCOTTSDALE FDS 1.5%

Value $10.23M Shares 30,204 Est. Cost $201.56 Unrealized —

LRCX LAM RESEARCH CORP 0.4%

Value $2.431M Shares 5,609 Est. Cost $78.11 Unrealized —

UPS UNITED PARCEL SVCS INC 1.8%

Value $12.35M Shares 114,910 Est. Cost $118.91 Unrealized —

CNI CANADIAN NATL RY CO 0.9%

Value $6.357M Shares 53,315 Est. Cost $98.97 Unrealized —

META META PLATFORMS INC 7.8%

Value $52.13M Shares 92,541 Est. Cost $306.19 Unrealized —

INTC INTEL CORP 0.2%

Value $1.153M Shares 8,260 Est. Cost $24.23 Unrealized —

ABBV ABBVIE INC 0.9%

Value $5.743M Shares 22,823 Est. Cost $38.54 Unrealized —

KO COCA COLA CO 1.6%

Value $10.41M Shares 128,040 Est. Cost $28.57 Unrealized —

CVX CHEVRON CORPORATION 0.3%

Value $2.232M Shares 13,466 Est. Cost $138.22 Unrealized —

MSFT MICROSOFT CORP 6.8%

Value $45.52M Shares 122,044 Est. Cost $52.22 Unrealized —

MHK MOHAWK INDS INC 0.3%

Value $1.709M Shares 14,088 Est. Cost $147.17 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.2%

Value $1.03M Shares 2,157 Est. Cost $112.34 Unrealized —

JNJ JOHNSON & JOHNSON 0.9%

Value $5.816M Shares 22,899 Est. Cost $68.85 Unrealized —

GD GENERAL DYNAMICS CORP 1.2%

Value $8.022M Shares 22,646 Est. Cost $144.39 Unrealized —

AMGN AMGEN INC 1.0%

Value $6.815M Shares 18,820 Est. Cost $155.02 Unrealized —

SAM BOSTON BEER INC 0.1%

Value $530K Shares 2,995 Est. Cost $481.26 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.1%

Value $408K Shares 982 Est. Cost $243.23 Unrealized —

— BANK OF AMER CORP 0.4%

Value $2.781M Shares 2,217 Est. Cost $1416.86 Unrealized —

CAT CATERPILLAR INC 0.1%

Value $375K Shares 352 Est. Cost $555.50 Unrealized —

CARR CARRIER GLOBAL CORPORATION 0.1%

Value $484K Shares 6,599 Est. Cost $43.86 Unrealized —

NYT NEW YORK TIMES CO MTN BE 0.1%

Value $560K Shares 8,000 Est. Cost $32.48 Unrealized —

SYK STRYKER CORPORATION 0.3%

Value $2.222M Shares 7,058 Est. Cost $74.78 Unrealized —

AMZN AMAZON COM INC 0.1%

Value $754K Shares 3,163 Est. Cost $123.96 Unrealized —

CMI CUMMINS INC 0.1%

Value $370K Shares 519 Est. Cost $384.80 Unrealized —

CAC CAMDEN NATL CORP 0.1%

Value $704K Shares 12,988 Est. Cost $31.11 Unrealized —

WMT WALMART INC 0.1%

Value $860K Shares 7,594 Est. Cost $48.38 Unrealized —

WBS WEBSTER FINL CORP 0.1%

Value $847K Shares 11,079 Est. Cost $46.76 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.5%

Value $3.032M Shares 41,816 Est. Cost $56.88 Unrealized —

SHEL SHELL PLC 0.0%

Value $271K Shares 3,496 Est. Cost $64.38 Unrealized —

FBP FIRST BANCORP CORPORATION 0.0%

Value $287K Shares 11,000 Est. Cost $10.68 Unrealized —

KEY KEYCORP 0.1%

Value $342K Shares 14,857 Est. Cost $10.65 Unrealized —

OFG OFG BANCORP 0.0%

Value $245K Shares 5,000 Est. Cost $25.09 Unrealized —

V VISA INC 0.1%

Value $336K Shares 980 Est. Cost $180.72 Unrealized —

NSC NORFOLK SOUTHN CORP 0.1%

Value $446K Shares 1,417 Est. Cost $127.79 Unrealized —

DIS DISNEY WALT CO 1.1%

Value $7.435M Shares 77,245 Est. Cost $82.79 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value $749K Shares 1 Est. Cost $216493.73 Unrealized —

MDT MEDTRONIC PLC 0.0%

Value $249K Shares 3,184 Est. Cost $61.47 Unrealized —

RTX RTX CORPORATION 0.2%

Value $1.504M Shares 7,926 Est. Cost $56.32 Unrealized —

CI THE CIGNA GROUP 0.1%

Value $635K Shares 2,303 Est. Cost $201.34 Unrealized —

FAST FASTENAL CO 0.1%

Value $501K Shares 10,428 Est. Cost $28.65 Unrealized —

WFC WELLS FARGO & CO 0.1%

Value $413K Shares 5,000 Est. Cost $41.59 Unrealized —

DRI DARDEN RESTAURANTS INC 0.0%

Value $309K Shares 1,500 Est. Cost $126.33 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value $537K Shares 1,045 Est. Cost $455.04 Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $899K Shares 6,134 Est. Cost $66.06 Unrealized —

MKL MARKEL GROUP INC 0.1%

Value $676K Shares 346 Est. Cost $1144.44 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value $630K Shares 1,257 Est. Cost $417.06 Unrealized —

— WELLS FARGO & CO 0.1%

Value $857K Shares 741 Est. Cost $1465.13 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	441,185	$156M	23.3%	$108.08	—	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	112,146	$40.08M	6.0%	$117.05	—	CAP STK CL A	02079K305
BRK/B	BERKSHIRE HATHAWAY INC DEL	140,600	$70.35M	10.5%	$145.64	—	CL B NEW	084670702
FDX	FEDEX CORP	68,144	$21.34M	3.2%	$194.38	—	COM	31428X106
AXP	AMERICAN EXPRESS CO	75,527	$25.55M	3.8%	$72.73	—	COM	025816109
SPY	STATE STR SPDR S&P 500 ETF T	27,016	$20.17M	3.0%	$422.60	—	TR UNIT	78462F103
CSX	CSX CORP	402,966	$19.15M	2.9%	$23.32	—	COM	126408103
AAPL	APPLE INC	73,438	$21.25M	3.2%	$107.04	—	COM	037833100
QQQ	INVESCO QQQ TR	13,660	$10.06M	1.5%	$371.31	—	UNIT SER 1	46090E103
PEP	PEPSICO INC	84,267	$11.41M	1.7%	$65.92	—	COM	713448108
UNP	UNION PAC CORP	49,617	$13.5M	2.0%	$109.71	—	COM	907818108
LMT	LOCKHEED MARTIN CORP	14,154	$7.211M	1.1%	$99.67	—	COM	539830109
VONE	VANGUARD SCOTTSDALE FDS	30,204	$10.23M	1.5%	$201.56	—	VNG RUS1000IDX	92206C730
LRCX	LAM RESEARCH CORP	5,609	$2.431M	0.4%	$78.11	—	COM NEW	512807306
UPS	UNITED PARCEL SVCS INC	114,910	$12.35M	1.8%	$118.91	—	CL B	911312106
CNI	CANADIAN NATL RY CO	53,315	$6.357M	0.9%	$98.97	—	COM	136375102
META	META PLATFORMS INC	92,541	$52.13M	7.8%	$306.19	—	CL A	30303M102
INTC	INTEL CORP	8,260	$1.153M	0.2%	$24.23	—	COM	458140100
ABBV	ABBVIE INC	22,823	$5.743M	0.9%	$38.54	—	COM	00287Y109
KO	COCA COLA CO	128,040	$10.41M	1.6%	$28.57	—	COM	191216100
CVX	CHEVRON CORPORATION	13,466	$2.232M	0.3%	$138.22	—	COM	166764100
MSFT	MICROSOFT CORP	122,044	$45.52M	6.8%	$52.22	—	COM	594918104
MHK	MOHAWK INDS INC	14,088	$1.709M	0.3%	$147.17	—	COM	608190104
TSM	TAIWAN SEMICONDUCTOR MANUFAC	2,157	$1.03M	0.2%	$112.34	—	SPONSORED ADS	874039100
JNJ	JOHNSON & JOHNSON	22,899	$5.816M	0.9%	$68.85	—	COM	478160104
GD	GENERAL DYNAMICS CORP	22,646	$8.022M	1.2%	$144.39	—	COM	369550108
AMGN	AMGEN INC	18,820	$6.815M	1.0%	$155.02	—	COM	031162100
SAM	BOSTON BEER INC	2,995	$530K	0.1%	$481.26	—	CL A	100557107
UNH	UNITEDHEALTH GROUP INC	982	$408K	0.1%	$243.23	—	COM	91324P102
—	BANK OF AMER CORP	2,217	$2.781M	0.4%	$1416.86	—	7.25%CNV PFD L	060505682
CAT	CATERPILLAR INC	352	$375K	0.1%	$555.50	—	COM	149123101
CARR	CARRIER GLOBAL CORPORATION	6,599	$484K	0.1%	$43.86	—	COM	14448C104
NYT	NEW YORK TIMES CO MTN BE	8,000	$560K	0.1%	$32.48	—	CL A	650111107
SYK	STRYKER CORPORATION	7,058	$2.222M	0.3%	$74.78	—	COM	863667101
AMZN	AMAZON COM INC	3,163	$754K	0.1%	$123.96	—	COM	023135106
CMI	CUMMINS INC	519	$370K	0.1%	$384.80	—	COM	231021106
CAC	CAMDEN NATL CORP	12,988	$704K	0.1%	$31.11	—	COM	133034108
WMT	WALMART INC	7,594	$860K	0.1%	$48.38	—	COM	931142103
WBS	WEBSTER FINL CORP	11,079	$847K	0.1%	$46.76	—	COM	947890109
QSR	RESTAURANT BRANDS INTL INC	41,816	$3.032M	0.5%	$56.88	—	COM	76131D103
SHEL	SHELL PLC	3,496	$271K	0.0%	$64.38	—	SPON ADS	780259305
FBP	FIRST BANCORP CORPORATION	11,000	$287K	0.0%	$10.68	—	COM NEW	318672706
KEY	KEYCORP	14,857	$342K	0.1%	$10.65	—	COM	493267108
OFG	OFG BANCORP	5,000	$245K	0.0%	$25.09	—	COM	67103X102
V	VISA INC	980	$336K	0.1%	$180.72	—	COM CL A	92826C839
NSC	NORFOLK SOUTHN CORP	1,417	$446K	0.1%	$127.79	—	COM	655844108
DIS	DISNEY WALT CO	77,245	$7.435M	1.1%	$82.79	—	COM	254687106
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$749K	0.1%	$216493.73	—	CL A	084670108
MDT	MEDTRONIC PLC	3,184	$249K	0.0%	$61.47	—	SHS	G5960L103
RTX	RTX CORPORATION	7,926	$1.504M	0.2%	$56.32	—	COM	75513E101
CI	THE CIGNA GROUP	2,303	$635K	0.1%	$201.34	—	COM	125523100
FAST	FASTENAL CO	10,428	$501K	0.1%	$28.65	—	COM	311900104
WFC	WELLS FARGO & CO	5,000	$413K	0.1%	$41.59	—	COM	949746101
DRI	DARDEN RESTAURANTS INC	1,500	$309K	0.0%	$126.33	—	COM	237194105
MA	MASTERCARD INCORPORATED	1,045	$537K	0.1%	$455.04	—	CL A	57636Q104
PG	PROCTER & GAMBLE CO	6,134	$899K	0.1%	$66.06	—	COM	742718109
MKL	MARKEL GROUP INC	346	$676K	0.1%	$1144.44	—	COM	570535104
TMO	THERMO FISHER SCIENTIFIC INC	1,257	$630K	0.1%	$417.06	—	COM	883556102
—	WELLS FARGO & CO	741	$857K	0.1%	$1465.13	—	PERP PFD CNV A	949746804