Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VUG	VANGUARD INDEX FDS	10,695 (+25.7%)	$5.218M (+27.9%)	3.5%	$408.48	—	GROWTH ETF	922908736
IRM	IRON MTN INC DEL	15,241 (+6.6%)	$1.264M (-13.2%)	0.9%	$61.39	+51.1%	COM	46284V101
NEE	NEXTERA ENERGY INC	9,096 (+5.8%)	$730K (+12.5%)	0.5%	$72.63	+13.6%	COM	65339F101
AMZN	AMAZON COM INC	3,289 (+5.6%)	$759K (+11.0%)	0.5%	$160.20	+42.8%	COM	023135106
PFE	PFIZER INC	55,130 (+5.8%)	$1.373M (+3.3%)	0.9%	$31.02	-19.3%	COM	717081103
—	COHEN & STEERS INFRASTRUCTUR	14,032 (+16.8%)	$338K (+13.6%)	0.2%	$25.62	—	COM	19248A109

Exited Positions (3)

— LXP INDUSTRIAL TRUST 0.8%

Value $1.111M Shares 123,950 Est. Cost $8.41 Unrealized —

LOW LOWES COS INC 0.1%

Value $203K Shares 809 Est. Cost $244.20 Unrealized -1.8%

— COHEN & STEERS INFRASTRUCTUR 0.0%

Value $936 Shares 12,010 Est. Cost $0.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LXP INDUSTRIAL TRUST	123,950	$1.111M	0.8%	$8.41	—	—	529043101
LOW	LOWES COS INC	809	$203K	0.1%	$244.20	-1.8%	—	548661107
—	COHEN & STEERS INFRASTRUCTUR	12,010	$936	0.0%	$0.08	—	—	19248A117

Decreased Positions (14)

CAT CATERPILLAR INC 6.8%

Value $9.988M (+17.0%) Shares 17,435 (-2.5%) Est. Cost $83.07 Unrealized +568.7%

KHC KRAFT HEINZ CO 0.9%

Value $1.362M (-38.5%) Shares 56,173 (-34.0%) Est. Cost $26.07 Unrealized -5.5%

O REALTY INCOME CORP 5.4%

Value $7.939M (-8.2%) Shares 140,829 (-1.0%) Est. Cost $46.85 Unrealized +22.4%

NRG NRG ENERGY INC 4.8%

Value $7.007M (-5.9%) Shares 44,000 (-4.3%) Est. Cost $19.84 Unrealized +733.0%

MSFT MICROSOFT CORP 2.1%

Value $3.02M (-9.2%) Shares 6,245 (-2.8%) Est. Cost $257.31 Unrealized +94.5%

AAPL APPLE INC 3.1%

Value $4.587M (+5.3%) Shares 16,873 (-1.4%) Est. Cost $162.98 Unrealized +64.7%

UNP UNION PAC CORP 2.6%

Value $3.842M (-4.2%) Shares 16,609 (-2.1%) Est. Cost $90.73 Unrealized +150.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.3%

Value $1.885M (-3.2%) Shares 3,751 (-3.2%) Est. Cost $362.39 Unrealized +37.3%

TGT TARGET CORP 0.6%

Value $855K (+7.0%) Shares 8,750 (-1.8%) Est. Cost $120.74 Unrealized -24.1%

VZ VERIZON COMMUNICATIONS INC 0.1%

Value $202K (-21.7%) Shares 4,969 (-15.5%) Est. Cost $31.88 Unrealized +27.0%

JNJ JOHNSON & JOHNSON 0.4%

Value $603K (+8.8%) Shares 2,912 (-2.5%) Est. Cost $116.68 Unrealized +68.8%

SLB SLB LIMITED 0.3%

Value $410K (+8.6%) Shares 10,670 (-2.7%) Est. Cost $38.44 Unrealized -6.2%

MRK MERCK & CO INC 0.2%

Value $232K (+15.0%) Shares 2,205 (-8.3%) Est. Cost $81.01 Unrealized +15.1%

IWR ISHARES TR 0.3%

Value $392K (-3.9%) Shares 4,075 (-3.6%) Est. Cost $55.60 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	17,435 (-2.5%)	$9.988M (+17.0%)	6.8%	$83.07	+568.7%	COM	149123101
KHC	KRAFT HEINZ CO	56,173 (-34.0%)	$1.362M (-38.5%)	0.9%	$26.07	-5.5%	COM	500754106
O	REALTY INCOME CORP	140,829 (-1.0%)	$7.939M (-8.2%)	5.4%	$46.85	+22.4%	COM	756109104
NRG	NRG ENERGY INC	44,000 (-4.3%)	$7.007M (-5.9%)	4.8%	$19.84	+733.0%	COM NEW	629377508
MSFT	MICROSOFT CORP	6,245 (-2.8%)	$3.02M (-9.2%)	2.1%	$257.31	+94.5%	COM	594918104
AAPL	APPLE INC	16,873 (-1.4%)	$4.587M (+5.3%)	3.1%	$162.98	+64.7%	COM	037833100
UNP	UNION PAC CORP	16,609 (-2.1%)	$3.842M (-4.2%)	2.6%	$90.73	+150.5%	COM	907818108
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,751 (-3.2%)	$1.885M (-3.2%)	1.3%	$362.39	+37.3%	CL B NEW	084670702
TGT	TARGET CORP	8,750 (-1.8%)	$855K (+7.0%)	0.6%	$120.74	-24.1%	COM	87612E106
VZ	VERIZON COMMUNICATIONS INC	4,969 (-15.5%)	$202K (-21.7%)	0.1%	$31.88	+27.0%	COM	92343V104
JNJ	JOHNSON & JOHNSON	2,912 (-2.5%)	$603K (+8.8%)	0.4%	$116.68	+68.8%	COM	478160104
SLB	SLB LIMITED	10,670 (-2.7%)	$410K (+8.6%)	0.3%	$38.44	-6.2%	COM STK	806857108
MRK	MERCK & CO INC	2,205 (-8.3%)	$232K (+15.0%)	0.2%	$81.01	+15.1%	COM	58933Y105
IWR	ISHARES TR	4,075 (-3.6%)	$392K (-3.9%)	0.3%	$55.60	—	RUS MID CAP ETF	464287499

Unchanged Positions (52)

FCX FREEPORT-MCMORAN INC 1.2%

Value $1.748M Shares 34,415 Est. Cost $18.93 Unrealized +128.8%

HD HOME DEPOT INC 1.4%

Value $2.064M Shares 5,997 Est. Cost $283.77 Unrealized +28.5%

JPM JPMORGAN CHASE & CO. 11.9%

Value $17.51M Shares 54,356 Est. Cost $60.09 Unrealized +415.1%

BAC BANK AMERICA CORP 3.6%

Value $5.32M Shares 96,728 Est. Cost $30.61 Unrealized +72.1%

USB US BANCORP DEL 2.5%

Value $3.651M Shares 68,424 Est. Cost $29.16 Unrealized +67.1%

GOOG ALPHABET INC 0.9%

Value $1.299M Shares 4,139 Est. Cost $140.61 Unrealized +103.6%

T AT&T INC 1.1%

Value $1.596M Shares 64,232 Est. Cost $15.05 Unrealized +68.0%

GATX GATX CORP 4.3%

Value $6.275M Shares 36,998 Est. Cost $45.70 Unrealized +259.6%

TSN TYSON FOODS INC 1.7%

Value $2.573M Shares 43,893 Est. Cost $68.98 Unrealized -20.8%

XOM EXXON MOBIL CORP 1.9%

Value $2.792M Shares 23,201 Est. Cost $69.41 Unrealized +66.4%

F FORD MTR CO 1.3%

Value $1.937M Shares 147,600 Est. Cost $10.26 Unrealized +25.1%

VFC V F CORP 0.5%

Value $733K Shares 40,560 Est. Cost $15.56 Unrealized +4.1%

VOO VANGUARD INDEX FDS 4.1%

Value $6.059M Shares 9,661 Est. Cost $517.38 Unrealized —

NUE NUCOR CORP 0.5%

Value $775K Shares 4,750 Est. Cost $112.50 Unrealized +33.1%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.8%

Value $1.23M Shares 14,991 Est. Cost $73.92 Unrealized +5.4%

EVRG EVERGY INC 1.4%

Value $2.091M Shares 28,844 Est. Cost $42.32 Unrealized +78.3%

HON HONEYWELL INTL INC 0.8%

Value $1.162M Shares 5,958 Est. Cost $185.41 Unrealized +5.2%

WMT WALMART INC 0.8%

Value $1.158M Shares 10,396 Est. Cost $91.80 Unrealized +16.8%

GEV GE VERNOVA INC 0.9%

Value $1.331M Shares 2,036 Est. Cost $158.10 Unrealized +285.2%

PG PROCTER AND GAMBLE CO 0.7%

Value $1.015M Shares 7,085 Est. Cost $65.16 Unrealized +125.9%

SO SOUTHERN CO 0.5%

Value $780K Shares 8,950 Est. Cost $30.76 Unrealized +195.5%

MS MORGAN STANLEY 0.4%

Value $607K Shares 3,420 Est. Cost $68.06 Unrealized +144.6%

GE GE AEROSPACE 1.6%

Value $2.41M Shares 7,825 Est. Cost $62.95 Unrealized +377.8%

OHI OMEGA HEALTHCARE INVS INC 0.8%

Value $1.165M Shares 26,280 Est. Cost $34.83 Unrealized —

DUK DUKE ENERGY CORP NEW 0.6%

Value $901K Shares 7,690 Est. Cost $50.97 Unrealized +138.5%

QCOM QUALCOMM INC 0.9%

Value $1.379M Shares 8,063 Est. Cost $118.98 Unrealized +43.6%

EPR EPR PPTYS 0.2%

Value $297K Shares 5,955 Est. Cost $57.30 Unrealized —

R RYDER SYS INC 2.2%

Value $3.222M Shares 16,837 Est. Cost $88.64 Unrealized +102.7%

TXN TEXAS INSTRS INC 0.5%

Value $769K Shares 4,435 Est. Cost $168.16 Unrealized +1.5%

ABBV ABBVIE INC 1.9%

Value $2.78M Shares 12,169 Est. Cost $138.53 Unrealized +64.3%

ADC AGREE RLTY CORP 1.9%

Value $2.861M Shares 39,715 Est. Cost $70.33 Unrealized —

GBX GREENBRIER COS INC 2.7%

Value $3.948M Shares 84,473 Est. Cost $41.66 Unrealized +6.6%

CSX CSX CORP 1.0%

Value $1.464M Shares 40,387 Est. Cost $24.86 Unrealized +43.6%

VTI VANGUARD INDEX FDS 0.9%

Value $1.355M Shares 4,041 Est. Cost $314.52 Unrealized —

CLF CLEVELAND-CLIFFS INC NEW 0.2%

Value $342K Shares 25,735 Est. Cost $21.09 Unrealized -40.1%

SVC SERVICE PPTYS TR 0.0%

Value $58,604 Shares 31,850 Est. Cost $25.73 Unrealized —

VYX NCR VOYIX CORPORATION 0.1%

Value $120K Shares 11,750 Est. Cost $14.65 Unrealized -25.9%

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value $551K Shares 1,860 Est. Cost $98.07 Unrealized +204.7%

ABT ABBOTT LABS 0.3%

Value $377K Shares 3,010 Est. Cost $97.62 Unrealized +30.4%

ALL ALLSTATE CORP 0.5%

Value $772K Shares 3,708 Est. Cost $51.61 Unrealized +295.4%

VEA VANGUARD TAX-MANAGED FDS 0.4%

Value $583K Shares 9,330 Est. Cost $57.01 Unrealized —

RTX RTX CORPORATION 0.2%

Value $241K Shares 1,313 Est. Cost $154.28 Unrealized +12.3%

NATL NCR ATLEOS CORPORATION 0.3%

Value $435K Shares 11,425 Est. Cost $22.89 Unrealized +63.9%

SYK STRYKER CORPORATION 0.2%

Value $234K Shares 667 Est. Cost $219.76 Unrealized +65.4%

SHEL SHELL PLC 0.3%

Value $415K Shares 5,650 Est. Cost $54.93 Unrealized —

COP CONOCOPHILLIPS 0.7%

Value $1.021M Shares 10,910 Est. Cost $54.08 Unrealized +66.5%

IVV ISHARES TR 0.3%

Value $411K Shares 600 Est. Cost $336.67 Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value $351K Shares 515 Est. Cost $382.39 Unrealized —

PEP PEPSICO INC 0.2%

Value $287K Shares 2,002 Est. Cost $150.55 Unrealized -3.1%

CVX CHEVRON CORP NEW 0.2%

Value $318K Shares 2,087 Est. Cost $79.88 Unrealized +89.5%

IWM ISHARES TR 0.2%

Value $322K Shares 1,309 Est. Cost $143.36 Unrealized —

CTVA CORTEVA INC 0.3%

Value $486K Shares 7,256 Est. Cost $57.11 Unrealized +13.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FCX	FREEPORT-MCMORAN INC	34,415	$1.748M	1.2%	$18.93	+128.8%	CL B	35671D857
HD	HOME DEPOT INC	5,997	$2.064M	1.4%	$283.77	+28.5%	COM	437076102
JPM	JPMORGAN CHASE & CO.	54,356	$17.51M	11.9%	$60.09	+415.1%	COM	46625H100
BAC	BANK AMERICA CORP	96,728	$5.32M	3.6%	$30.61	+72.1%	COM	060505104
USB	US BANCORP DEL	68,424	$3.651M	2.5%	$29.16	+67.1%	COM NEW	902973304
GOOG	ALPHABET INC	4,139	$1.299M	0.9%	$140.61	+103.6%	CAP STK CL C	02079K107
T	AT&T INC	64,232	$1.596M	1.1%	$15.05	+68.0%	COM	00206R102
GATX	GATX CORP	36,998	$6.275M	4.3%	$45.70	+259.6%	COM	361448103
TSN	TYSON FOODS INC	43,893	$2.573M	1.7%	$68.98	-20.8%	CL A	902494103
XOM	EXXON MOBIL CORP	23,201	$2.792M	1.9%	$69.41	+66.4%	COM	30231G102
F	FORD MTR CO	147,600	$1.937M	1.3%	$10.26	+25.1%	COM	345370860
VFC	V F CORP	40,560	$733K	0.5%	$15.56	+4.1%	COM	918204108
VOO	VANGUARD INDEX FDS	9,661	$6.059M	4.1%	$517.38	—	S&P 500 ETF SHS	922908363
NUE	NUCOR CORP	4,750	$775K	0.5%	$112.50	+33.1%	COM	670346105
GEHC	GE HEALTHCARE TECHNOLOGIES I	14,991	$1.23M	0.8%	$73.92	+5.4%	COMMON STOCK	36266G107
EVRG	EVERGY INC	28,844	$2.091M	1.4%	$42.32	+78.3%	COM	30034W106
HON	HONEYWELL INTL INC	5,958	$1.162M	0.8%	$185.41	+5.2%	COM	438516106
WMT	WALMART INC	10,396	$1.158M	0.8%	$91.80	+16.8%	COM	931142103
GEV	GE VERNOVA INC	2,036	$1.331M	0.9%	$158.10	+285.2%	COM	36828A101
PG	PROCTER AND GAMBLE CO	7,085	$1.015M	0.7%	$65.16	+125.9%	COM	742718109
SO	SOUTHERN CO	8,950	$780K	0.5%	$30.76	+195.5%	COM	842587107
MS	MORGAN STANLEY	3,420	$607K	0.4%	$68.06	+144.6%	COM NEW	617446448
GE	GE AEROSPACE	7,825	$2.41M	1.6%	$62.95	+377.8%	COM NEW	369604301
OHI	OMEGA HEALTHCARE INVS INC	26,280	$1.165M	0.8%	$34.83	—	COM	681936100
DUK	DUKE ENERGY CORP NEW	7,690	$901K	0.6%	$50.97	+138.5%	COM NEW	26441C204
QCOM	QUALCOMM INC	8,063	$1.379M	0.9%	$118.98	+43.6%	COM	747525103
EPR	EPR PPTYS	5,955	$297K	0.2%	$57.30	—	COM SH BEN INT	26884U109
R	RYDER SYS INC	16,837	$3.222M	2.2%	$88.64	+102.7%	COM	783549108
TXN	TEXAS INSTRS INC	4,435	$769K	0.5%	$168.16	+1.5%	COM	882508104
ABBV	ABBVIE INC	12,169	$2.78M	1.9%	$138.53	+64.3%	COM	00287Y109
ADC	AGREE RLTY CORP	39,715	$2.861M	1.9%	$70.33	—	COM	008492100
GBX	GREENBRIER COS INC	84,473	$3.948M	2.7%	$41.66	+6.6%	COM	393657101
CSX	CSX CORP	40,387	$1.464M	1.0%	$24.86	+43.6%	COM	126408103
VTI	VANGUARD INDEX FDS	4,041	$1.355M	0.9%	$314.52	—	TOTAL STK MKT	922908769
CLF	CLEVELAND-CLIFFS INC NEW	25,735	$342K	0.2%	$21.09	-40.1%	COM	185899101
SVC	SERVICE PPTYS TR	31,850	$58,604	0.0%	$25.73	—	COM SH BEN INT	81761L102
VYX	NCR VOYIX CORPORATION	11,750	$120K	0.1%	$14.65	-25.9%	COM	62886E108
IBM	INTERNATIONAL BUSINESS MACHS	1,860	$551K	0.4%	$98.07	+204.7%	COM	459200101
ABT	ABBOTT LABS	3,010	$377K	0.3%	$97.62	+30.4%	COM	002824100
ALL	ALLSTATE CORP	3,708	$772K	0.5%	$51.61	+295.4%	COM	020002101
VEA	VANGUARD TAX-MANAGED FDS	9,330	$583K	0.4%	$57.01	—	VAN FTSE DEV MKT	921943858
RTX	RTX CORPORATION	1,313	$241K	0.2%	$154.28	+12.3%	COM	75513E101
NATL	NCR ATLEOS CORPORATION	11,425	$435K	0.3%	$22.89	+63.9%	COM SHS	63001N106
SYK	STRYKER CORPORATION	667	$234K	0.2%	$219.76	+65.4%	COM	863667101
SHEL	SHELL PLC	5,650	$415K	0.3%	$54.93	—	SPON ADS	780259305
COP	CONOCOPHILLIPS	10,910	$1.021M	0.7%	$54.08	+66.5%	COM	20825C104
IVV	ISHARES TR	600	$411K	0.3%	$336.67	—	CORE S&P500 ETF	464287200
SPY	SPDR S&P 500 ETF TR	515	$351K	0.2%	$382.39	—	TR UNIT	78462F103
PEP	PEPSICO INC	2,002	$287K	0.2%	$150.55	-3.1%	COM	713448108
CVX	CHEVRON CORP NEW	2,087	$318K	0.2%	$79.88	+89.5%	COM	166764100
IWM	ISHARES TR	1,309	$322K	0.2%	$143.36	—	RUSSELL 2000 ETF	464287655
CTVA	CORTEVA INC	7,256	$486K	0.3%	$57.11	+13.0%	COM	22052L104