Rench Wealth Management, Inc. Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AJG	GALLAGHER ARTHUR J & CO	51,168 (+1.5%)	$13,242 (-15.2%)	3.8%	$67.35	+292.3%	COM	363576109
ISRG	INTUITIVE SURGICAL INC	15,454 (+1.1%)	$8,753 (+28.0%)	2.5%	$398.33	+33.7%	COM NEW	46120E602
BSX	BOSTON SCIENTIFIC CORP	16,241 (+234.2%)	$1,549 (+226.4%)	0.4%	$99.69	-1.7%	COM	101137107
SPGI	S&P GLOBAL INC	2,259 (+399.8%)	$1,181 (+436.5%)	0.3%	$502.14	-1.6%	COM	78409V104
BAH	BOOZ ALLEN HAMILTON HLDG COR	59,447 (+2.9%)	$5,015 (-13.2%)	1.4%	$96.66	-8.4%	CL A	099502106
TMO	THERMO FISHER SCIENTIFIC INC	1,938 (+149.7%)	$1,123 (+198.4%)	0.3%	$524.96	+7.7%	COM	883556102
RSG	REPUBLIC SVCS INC	27,189 (+2.4%)	$5,762 (-5.4%)	1.7%	$183.09	+17.2%	COM	760759100
ASML	ASML HOLDING N V	1,339 (+9.3%)	$1,433 (+20.8%)	0.4%	$797.46	—	N Y REGISTRY SHS	N07059210
DHI	D R HORTON INC	20,407 (+13.0%)	$2,939 (-3.9%)	0.8%	$148.85	+2.1%	COM	23331A109
MCHP	MICROCHIP TECHNOLOGY INC.	92,203 (+2.0%)	$5,875 (+1.2%)	1.7%	$49.75	+23.3%	COM	595017104

Exited Positions (1)

PB PROSPERITY BANCSHARES INC 0.1%

Value ($000) $218 Shares 3,285 Est. Cost $67.67 Unrealized -1.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PB	PROSPERITY BANCSHARES INC	3,285	$218	0.1%	$67.67	-1.0%	—	743606105

Decreased Positions (24)

NVDA NVIDIA CORPORATION 9.8%

Value ($000) $34,292 (-10.6%) Shares 183,871 (-10.6%) Est. Cost $93.19 Unrealized +99.7%

GOOG ALPHABET INC 5.1%

Value ($000) $17,806 (+25.6%) Shares 56,744 (-2.5%) Est. Cost $121.13 Unrealized +136.4%

MSFT MICROSOFT CORP 6.6%

Value ($000) $22,964 (-9.5%) Shares 47,484 (-3.1%) Est. Cost $55.38 Unrealized +803.8%

LRCX LAM RESEARCH CORP 3.7%

Value ($000) $13,058 (+18.2%) Shares 76,282 (-7.6%) Est. Cost $78.11 Unrealized +98.9%

AMAT APPLIED MATLS INC 2.4%

Value ($000) $8,407 (+22.3%) Shares 32,712 (-2.5%) Est. Cost $127.40 Unrealized +88.0%

MRK MERCK & CO INC 1.4%

Value ($000) $4,742 (+24.0%) Shares 45,053 (-1.1%) Est. Cost $49.77 Unrealized +87.3%

VZ VERIZON COMMUNICATIONS INC 0.9%

Value ($000) $3,301 (-21.2%) Shares 81,045 (-14.9%) Est. Cost $32.32 Unrealized +25.3%

PG PROCTER AND GAMBLE CO 2.3%

Value ($000) $7,871 (-8.0%) Shares 54,926 (-1.4%) Est. Cost $73.64 Unrealized +99.8%

JNJ JOHNSON & JOHNSON 3.2%

Value ($000) $11,078 (+6.6%) Shares 53,531 (-4.5%) Est. Cost $97.24 Unrealized +102.6%

ABT ABBOTT LABS 2.4%

Value ($000) $8,421 (-7.5%) Shares 67,211 (-1.1%) Est. Cost $50.44 Unrealized +152.4%

LHX L3HARRIS TECHNOLOGIES INC 2.4%

Value ($000) $8,325 (-6.8%) Shares 28,359 (-3.0%) Est. Cost $192.83 Unrealized +49.6%

AAPL APPLE INC 6.9%

Value ($000) $24,130 (+2.3%) Shares 88,758 (-4.2%) Est. Cost $83.88 Unrealized +219.9%

UPS UNITED PARCEL SERVICE INC 0.9%

Value ($000) $3,066 (+13.5%) Shares 30,909 (-4.4%) Est. Cost $95.48 Unrealized -2.9%

ETR ENTERGY CORP NEW 1.9%

Value ($000) $6,600 (-5.1%) Shares 71,401 (-4.3%) Est. Cost $51.54 Unrealized +83.4%

DPZ DOMINOS PIZZA INC 1.3%

Value ($000) $4,603 (-6.5%) Shares 11,043 (-3.2%) Est. Cost $426.40 Unrealized -2.6%

UNH UNITEDHEALTH GROUP INC 1.2%

Value ($000) $4,258 (-6.7%) Shares 12,900 (-2.4%) Est. Cost $471.64 Unrealized -28.5%

JPM JPMORGAN CHASE & CO. 4.5%

Value ($000) $15,601 (-1.7%) Shares 48,418 (-3.8%) Est. Cost $81.38 Unrealized +280.4%

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value ($000) $780 (-15.5%) Shares 4,071 (-16.3%) Est. Cost $175.23 Unrealized —

ECL ECOLAB INC 0.2%

Value ($000) $538 (-10.6%) Shares 2,049 (-6.8%) Est. Cost $105.98 Unrealized +150.7%

ELV ELEVANCE HEALTH INC FORMERLY 1.0%

Value ($000) $3,509 (+0.6%) Shares 10,011 (-7.3%) Est. Cost $478.56 Unrealized -29.6%

SCHD SCHWAB STRATEGIC TR 0.2%

Value ($000) $746 (-1.9%) Shares 27,206 (-2.4%) Est. Cost $35.12 Unrealized —

AVGO BROADCOM INC 0.1%

Value ($000) $270 (+2.0%) Shares 781 (-2.9%) Est. Cost $215.92 Unrealized +65.3%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $271 (+0.9%) Shares 442 (-1.3%) Est. Cost $453.00 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $263 (-0.2%) Shares 585 (-1.3%) Est. Cost $346.84 Unrealized +27.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	183,871 (-10.6%)	$34,292 (-10.6%)	9.8%	$93.19	+99.7%	COM	67066G104
GOOG	ALPHABET INC	56,744 (-2.5%)	$17,806 (+25.6%)	5.1%	$121.13	+136.4%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	47,484 (-3.1%)	$22,964 (-9.5%)	6.6%	$55.38	+803.8%	COM	594918104
LRCX	LAM RESEARCH CORP	76,282 (-7.6%)	$13,058 (+18.2%)	3.7%	$78.11	+98.9%	COM NEW	512807306
AMAT	APPLIED MATLS INC	32,712 (-2.5%)	$8,407 (+22.3%)	2.4%	$127.40	+88.0%	COM	038222105
MRK	MERCK & CO INC	45,053 (-1.1%)	$4,742 (+24.0%)	1.4%	$49.77	+87.3%	COM	58933Y105
VZ	VERIZON COMMUNICATIONS INC	81,045 (-14.9%)	$3,301 (-21.2%)	0.9%	$32.32	+25.3%	COM	92343V104
PG	PROCTER AND GAMBLE CO	54,926 (-1.4%)	$7,871 (-8.0%)	2.3%	$73.64	+99.8%	COM	742718109
JNJ	JOHNSON & JOHNSON	53,531 (-4.5%)	$11,078 (+6.6%)	3.2%	$97.24	+102.6%	COM	478160104
ABT	ABBOTT LABS	67,211 (-1.1%)	$8,421 (-7.5%)	2.4%	$50.44	+152.4%	COM	002824100
LHX	L3HARRIS TECHNOLOGIES INC	28,359 (-3.0%)	$8,325 (-6.8%)	2.4%	$192.83	+49.6%	COM	502431109
AAPL	APPLE INC	88,758 (-4.2%)	$24,130 (+2.3%)	6.9%	$83.88	+219.9%	COM	037833100
UPS	UNITED PARCEL SERVICE INC	30,909 (-4.4%)	$3,066 (+13.5%)	0.9%	$95.48	-2.9%	CL B	911312106
ETR	ENTERGY CORP NEW	71,401 (-4.3%)	$6,600 (-5.1%)	1.9%	$51.54	+83.4%	COM	29364G103
DPZ	DOMINOS PIZZA INC	11,043 (-3.2%)	$4,603 (-6.5%)	1.3%	$426.40	-2.6%	COM	25754A201
UNH	UNITEDHEALTH GROUP INC	12,900 (-2.4%)	$4,258 (-6.7%)	1.2%	$471.64	-28.5%	COM	91324P102
JPM	JPMORGAN CHASE & CO.	48,418 (-3.8%)	$15,601 (-1.7%)	4.5%	$81.38	+280.4%	COM	46625H100
RSP	INVESCO EXCHANGE TRADED FD T	4,071 (-16.3%)	$780 (-15.5%)	0.2%	$175.23	—	S&P500 EQL WGT	46137V357
ECL	ECOLAB INC	2,049 (-6.8%)	$538 (-10.6%)	0.2%	$105.98	+150.7%	COM	278865100
ELV	ELEVANCE HEALTH INC FORMERLY	10,011 (-7.3%)	$3,509 (+0.6%)	1.0%	$478.56	-29.6%	COM	036752103
SCHD	SCHWAB STRATEGIC TR	27,206 (-2.4%)	$746 (-1.9%)	0.2%	$35.12	—	US DIVIDEND EQ	808524797
AVGO	BROADCOM INC	781 (-2.9%)	$270 (+2.0%)	0.1%	$215.92	+65.3%	COM	11135F101
QQQ	INVESCO QQQ TR	442 (-1.3%)	$271 (+0.9%)	0.1%	$453.00	—	UNIT SER 1	46090E103
TSLA	TESLA INC	585 (-1.3%)	$263 (-0.2%)	0.1%	$346.84	+27.8%	COM	88160R101

Unchanged Positions (21)

FAST FASTENAL CO 1.9%

Value ($000) $6,675 Shares 166,330 Est. Cost $37.06 Unrealized +13.4%

PAYX PAYCHEX INC 1.8%

Value ($000) $6,291 Shares 56,079 Est. Cost $44.43 Unrealized +162.3%

CSCO CISCO SYS INC 1.6%

Value ($000) $5,659 Shares 73,463 Est. Cost $28.78 Unrealized +156.4%

AMZN AMAZON COM INC 3.5%

Value ($000) $12,377 Shares 53,623 Est. Cost $133.64 Unrealized +71.2%

COST COSTCO WHSL CORP NEW 1.9%

Value ($000) $6,768 Shares 7,848 Est. Cost $746.73 Unrealized +21.3%

XOM EXXON MOBIL CORP 1.8%

Value ($000) $6,171 Shares 51,283 Est. Cost $66.10 Unrealized +74.7%

NEE NEXTERA ENERGY INC 1.7%

Value ($000) $6,081 Shares 75,753 Est. Cost $58.17 Unrealized +41.8%

SO SOUTHERN CO 1.1%

Value ($000) $3,960 Shares 45,413 Est. Cost $33.80 Unrealized +168.9%

LOW LOWES COS INC 1.4%

Value ($000) $4,914 Shares 20,378 Est. Cost $221.59 Unrealized +8.2%

PEG PUBLIC SVC ENTERPRISE GRP IN 1.1%

Value ($000) $3,797 Shares 47,291 Est. Cost $39.56 Unrealized +105.0%

INTU INTUIT 1.6%

Value ($000) $5,541 Shares 8,365 Est. Cost $634.24 Unrealized +4.2%

MA MASTERCARD INCORPORATED 2.0%

Value ($000) $7,125 Shares 12,480 Est. Cost $457.53 Unrealized +22.2%

CVX CHEVRON CORP NEW 1.4%

Value ($000) $5,055 Shares 33,167 Est. Cost $94.37 Unrealized +60.4%

SMPL SIMPLY GOOD FOODS CO 0.1%

Value ($000) $201 Shares 10,000 Est. Cost $36.63 Unrealized -43.2%

IBM INTERNATIONAL BUSINESS MACHS 0.2%

Value ($000) $712 Shares 2,403 Est. Cost $137.89 Unrealized +116.7%

BA BOEING CO 1.3%

Value ($000) $4,624 Shares 21,295 Est. Cost $161.06 Unrealized +27.7%

WMT WALMART INC 0.1%

Value ($000) $402 Shares 3,605 Est. Cost $66.73 Unrealized +60.6%

APP APPLOVIN CORP 0.1%

Value ($000) $433 Shares 643 Est. Cost $324.21 Unrealized +94.4%

T AT&T INC 0.1%

Value ($000) $217 Shares 8,750 Est. Cost $21.51 Unrealized +17.5%

GE GE AEROSPACE 0.1%

Value ($000) $251 Shares 816 Est. Cost $218.59 Unrealized +37.6%

PEP PEPSICO INC 0.1%

Value ($000) $285 Shares 1,985 Est. Cost $79.97 Unrealized +82.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FAST	FASTENAL CO	166,330	$6,675	1.9%	$37.06	+13.4%	COM	311900104
PAYX	PAYCHEX INC	56,079	$6,291	1.8%	$44.43	+162.3%	COM	704326107
CSCO	CISCO SYS INC	73,463	$5,659	1.6%	$28.78	+156.4%	COM	17275R102
AMZN	AMAZON COM INC	53,623	$12,377	3.5%	$133.64	+71.2%	COM	023135106
COST	COSTCO WHSL CORP NEW	7,848	$6,768	1.9%	$746.73	+21.3%	COM	22160K105
XOM	EXXON MOBIL CORP	51,283	$6,171	1.8%	$66.10	+74.7%	COM	30231G102
NEE	NEXTERA ENERGY INC	75,753	$6,081	1.7%	$58.17	+41.8%	COM	65339F101
SO	SOUTHERN CO	45,413	$3,960	1.1%	$33.80	+168.9%	COM	842587107
LOW	LOWES COS INC	20,378	$4,914	1.4%	$221.59	+8.2%	COM	548661107
PEG	PUBLIC SVC ENTERPRISE GRP IN	47,291	$3,797	1.1%	$39.56	+105.0%	COM	744573106
INTU	INTUIT	8,365	$5,541	1.6%	$634.24	+4.2%	COM	461202103
MA	MASTERCARD INCORPORATED	12,480	$7,125	2.0%	$457.53	+22.2%	CL A	57636Q104
CVX	CHEVRON CORP NEW	33,167	$5,055	1.4%	$94.37	+60.4%	COM	166764100
SMPL	SIMPLY GOOD FOODS CO	10,000	$201	0.1%	$36.63	-43.2%	COM	82900L102
IBM	INTERNATIONAL BUSINESS MACHS	2,403	$712	0.2%	$137.89	+116.7%	COM	459200101
BA	BOEING CO	21,295	$4,624	1.3%	$161.06	+27.7%	COM	097023105
WMT	WALMART INC	3,605	$402	0.1%	$66.73	+60.6%	COM	931142103
APP	APPLOVIN CORP	643	$433	0.1%	$324.21	+94.4%	COM CL A	03831W108
T	AT&T INC	8,750	$217	0.1%	$21.51	+17.5%	COM	00206R102
GE	GE AEROSPACE	816	$251	0.1%	$218.59	+37.6%	COM NEW	369604301
PEP	PEPSICO INC	1,985	$285	0.1%	$79.97	+82.4%	COM	713448108