Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGX	ARGAN INC	9,473	$7.565M	2.2%	$798.55	—	COM	04010E109
WDC	WESTERN DIGITAL CORP	9,819	$6.272M	1.9%	$638.72	—	COM	958102105
BE	BLOOM ENERGY CORP	9,438	$2.857M	0.8%	$302.70	—	COM CL A	093712107
UNP	UNION PAC CORP	6,140	$1.67M	0.5%	$272.00	—	COM	907818108
FDX	FEDEX CORP	4,835	$1.514M	0.4%	$313.13	—	COM	31428X106
CSCO	CISCO SYS INC	6,866	$806K	0.2%	$117.46	—	COM	17275R102
MEDP	MEDPACE HLDGS INC	700	$371K	0.1%	$529.59	—	COM	58506Q109
MU	MICRON TECHNOLOGY INC	198	$229K	0.1%	$1154.29	—	COM	595112103
PANW	PALO ALTO NETWORKS INC	621	$212K	0.1%	$341.02	—	COM	697435105

Increased Positions (13)

KLAC KLA CORP 3.0%

Value $10.1M (+118.1%) Shares 33,489 (+964.5%) Est. Cost $405.44 Unrealized —

CAT CATERPILLAR INC 1.5%

Value $5.199M (+185.3%) Shares 4,882 (+89.8%) Est. Cost $864.43 Unrealized —

GEV GE VERNOVA INC 1.1%

Value $3.628M (+1267.2%) Shares 3,088 (+915.8%) Est. Cost $1118.82 Unrealized —

AIA ISHARES TR 1.7%

Value $5.718M (+37.2%) Shares 40,367 (+2.8%) Est. Cost $107.11 Unrealized —

HWM HOWMET AEROSPACE INC 2.5%

Value $8.545M (+21.7%) Shares 31,782 (+4.3%) Est. Cost $201.89 Unrealized —

ETR ENTERGY CORP NEW 0.6%

Value $2.11M (+43.8%) Shares 18,373 (+40.7%) Est. Cost $95.62 Unrealized —

KO COCA COLA CO 0.5%

Value $1.74M (+54.2%) Shares 21,411 (+44.3%) Est. Cost $72.22 Unrealized —

XLU SELECT SECTOR SPDR TR 0.4%

Value $1.38M (+77.6%) Shares 30,444 (+79.7%) Est. Cost $43.87 Unrealized —

GILD GILEAD SCIENCES INC 0.6%

Value $1.924M (+31.9%) Shares 15,232 (+45.5%) Est. Cost $117.47 Unrealized —

META META PLATFORMS INC 3.7%

Value $12.42M (+0.8%) Shares 22,056 (+2.4%) Est. Cost $543.39 Unrealized —

VOO VANGUARD INDEX FDS 0.1%

Value $316K (+16.5%) Shares 460 (+1.3%) Est. Cost $166.64 Unrealized —

IWF ISHARES TR 0.1%

Value $280K (+16.5%) Shares 2,252 (+300.0%) Est. Cost $210.23 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.1%

Value $472K (-0.6%) Shares 1,901 (+11.7%) Est. Cost $295.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAC	KLA CORP	33,489 (+964.5%)	$10.1M (+118.1%)	3.0%	$405.44	—	COM NEW	482480100
CAT	CATERPILLAR INC	4,882 (+89.8%)	$5.199M (+185.3%)	1.5%	$864.43	—	COM	149123101
GEV	GE VERNOVA INC	3,088 (+915.8%)	$3.628M (+1267.2%)	1.1%	$1118.82	—	COM	36828A101
AIA	ISHARES TR	40,367 (+2.8%)	$5.718M (+37.2%)	1.7%	$107.11	—	ASIA 50 ETF	464288430
HWM	HOWMET AEROSPACE INC	31,782 (+4.3%)	$8.545M (+21.7%)	2.5%	$201.89	—	COM	443201108
ETR	ENTERGY CORP NEW	18,373 (+40.7%)	$2.11M (+43.8%)	0.6%	$95.62	—	COM	29364G103
KO	COCA COLA CO	21,411 (+44.3%)	$1.74M (+54.2%)	0.5%	$72.22	—	COM	191216100
XLU	SELECT SECTOR SPDR TR	30,444 (+79.7%)	$1.38M (+77.6%)	0.4%	$43.87	—	ST STR UTIL ETF	81369Y886
GILD	GILEAD SCIENCES INC	15,232 (+45.5%)	$1.924M (+31.9%)	0.6%	$117.47	—	COM	375558103
META	META PLATFORMS INC	22,056 (+2.4%)	$12.42M (+0.8%)	3.7%	$543.39	—	CL A	30303M102
VOO	VANGUARD INDEX FDS	460 (+1.3%)	$316K (+16.5%)	0.1%	$166.64	—	S&P 500 ETF SHS	922908363
IWF	ISHARES TR	2,252 (+300.0%)	$280K (+16.5%)	0.1%	$210.23	—	RUS 1000 GRW ETF	464287614
CEG	CONSTELLATION ENERGY CORP	1,901 (+11.7%)	$472K (-0.6%)	0.1%	$295.63	—	COM	21037T109

Exited Positions (11)

CB CHUBB LTD SWITZ 2.4%

Value $7.981M Shares 24,488 Est. Cost $316.22 Unrealized —

AEM AGNICO EAGLE MINES LTD 1.6%

Value $5.365M Shares 26,433 Est. Cost $136.83 Unrealized —

RY ROYAL BK CDA 1.6%

Value $5.244M Shares 32,416 Est. Cost $169.94 Unrealized —

DG DOLLAR GEN CORP 0.3%

Value $1.089M Shares 9,171 Est. Cost $147.69 Unrealized —

MMM 3M CO 0.3%

Value $943K Shares 6,492 Est. Cost $153.47 Unrealized —

HCA HCA HEALTHCARE INC 0.2%

Value $820K Shares 1,732 Est. Cost $498.00 Unrealized —

NRG NRG ENERGY INC 0.2%

Value $534K Shares 3,652 Est. Cost $155.78 Unrealized —

TSLA TESLA INC 0.1%

Value $354K Shares 953 Est. Cost $230.45 Unrealized —

EXPE EXPEDIA GROUP INC 0.1%

Value $235K Shares 1,017 Est. Cost $253.44 Unrealized —

NFLX NETFLIX INC. 0.1%

Value $229K Shares 2,380 Est. Cost $107.73 Unrealized —

ARM ARM HOLDINGS PLC 0.1%

Value $200K Shares 1,323 Est. Cost $151.28 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CB	CHUBB LTD SWITZ	24,488	$7.981M	2.4%	$316.22	—	—	H1467J104
AEM	AGNICO EAGLE MINES LTD	26,433	$5.365M	1.6%	$136.83	—	—	008474108
RY	ROYAL BK CDA	32,416	$5.244M	1.6%	$169.94	—	—	780087102
DG	DOLLAR GEN CORP	9,171	$1.089M	0.3%	$147.69	—	—	256677105
MMM	3M CO	6,492	$943K	0.3%	$153.47	—	—	88579Y101
HCA	HCA HEALTHCARE INC	1,732	$820K	0.2%	$498.00	—	—	40412C101
NRG	NRG ENERGY INC	3,652	$534K	0.2%	$155.78	—	—	629377508
TSLA	TESLA INC	953	$354K	0.1%	$230.45	—	—	88160R101
EXPE	EXPEDIA GROUP INC	1,017	$235K	0.1%	$253.44	—	—	30212P303
NFLX	NETFLIX INC.	2,380	$229K	0.1%	$107.73	—	—	64110L106
ARM	ARM HOLDINGS PLC	1,323	$200K	0.1%	$151.28	—	—	042068205

Decreased Positions (15)

GOOGL ALPHABET INC 9.3%

Value $31.41M (+18.7%) Shares 87,883 (-4.5%) Est. Cost $133.83 Unrealized —

AMD ADVANCED MICRO DEVICES INC 2.1%

Value $7.144M (+180.8%) Shares 12,298 (-1.7%) Est. Cost $137.05 Unrealized —

MSFT MICROSOFT CORP 24.9%

Value $84.07M (-3.9%) Shares 225,389 (-4.6%) Est. Cost $188.08 Unrealized —

PM PHILIP MORRIS INTL INC 0.5%

Value $1.826M (-57.2%) Shares 10,093 (-60.9%) Est. Cost $165.18 Unrealized —

SIL GLOBAL X FDS 2.3%

Value $7.719M (-19.5%) Shares 99,656 (-6.4%) Est. Cost $83.52 Unrealized —

GLD SPDR GOLD TR 2.3%

Value $7.718M (-19.3%) Shares 20,951 (-5.7%) Est. Cost $396.31 Unrealized —

AMZN AMAZON COM INC 6.6%

Value $22.11M (+8.9%) Shares 92,747 (-4.8%) Est. Cost $140.92 Unrealized —

CLS CELESTICA INC 1.8%

Value $6.073M (+19.4%) Shares 16,648 (-7.8%) Est. Cost $55.20 Unrealized —

GOOG ALPHABET INC 1.2%

Value $4.079M (+16.0%) Shares 11,544 (-5.8%) Est. Cost $125.49 Unrealized —

HOOD ROBINHOOD MKTS INC 0.2%

Value $780K (+41.2%) Shares 7,777 (-2.4%) Est. Cost $109.05 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.3%

Value $1.129M (-12.4%) Shares 1,512 (-23.7%) Est. Cost $533.65 Unrealized —

AAPL APPLE INC 3.1%

Value $10.62M (-1.5%) Shares 36,694 (-13.6%) Est. Cost $152.45 Unrealized —

RKLB ROCKET LAB CORP 0.1%

Value $410K (+53.1%) Shares 4,036 (-3.3%) Est. Cost $45.36 Unrealized —

QQQ INVESCO QQQ TR 0.3%

Value $982K (+13.0%) Shares 1,334 (-11.4%) Est. Cost $419.37 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.1%

Value $212K (-23.0%) Shares 532 (-10.7%) Est. Cost $396.88 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	87,883 (-4.5%)	$31.41M (+18.7%)	9.3%	$133.83	—	CAP STK CL A	02079K305
AMD	ADVANCED MICRO DEVICES INC	12,298 (-1.7%)	$7.144M (+180.8%)	2.1%	$137.05	—	COM	007903107
MSFT	MICROSOFT CORP	225,389 (-4.6%)	$84.07M (-3.9%)	24.9%	$188.08	—	COM	594918104
PM	PHILIP MORRIS INTL INC	10,093 (-60.9%)	$1.826M (-57.2%)	0.5%	$165.18	—	COM	718172109
SIL	GLOBAL X FDS	99,656 (-6.4%)	$7.719M (-19.5%)	2.3%	$83.52	—	GLOBAL X SILVER	37954Y848
GLD	SPDR GOLD TR	20,951 (-5.7%)	$7.718M (-19.3%)	2.3%	$396.31	—	GOLD SHS	78463V107
AMZN	AMAZON COM INC	92,747 (-4.8%)	$22.11M (+8.9%)	6.6%	$140.92	—	COM	023135106
CLS	CELESTICA INC	16,648 (-7.8%)	$6.073M (+19.4%)	1.8%	$55.20	—	COM	15101Q207
GOOG	ALPHABET INC	11,544 (-5.8%)	$4.079M (+16.0%)	1.2%	$125.49	—	CAP STK CL C	02079K107
HOOD	ROBINHOOD MKTS INC	7,777 (-2.4%)	$780K (+41.2%)	0.2%	$109.05	—	COM CL A	770700102
SPY	STATE STR SPDR S&P 500 ETF T	1,512 (-23.7%)	$1.129M (-12.4%)	0.3%	$533.65	—	TR UNIT	78462F103
AAPL	APPLE INC	36,694 (-13.6%)	$10.62M (-1.5%)	3.1%	$152.45	—	COM	037833100
RKLB	ROCKET LAB CORP	4,036 (-3.3%)	$410K (+53.1%)	0.1%	$45.36	—	COM	773121108
QQQ	INVESCO QQQ TR	1,334 (-11.4%)	$982K (+13.0%)	0.3%	$419.37	—	UNIT SER 1	46090E103
ISRG	INTUITIVE SURGICAL INC	532 (-10.7%)	$212K (-23.0%)	0.1%	$396.88	—	COM NEW	46120E602

Unchanged Positions (10)

NVDA NVIDIA CORPORATION 11.9%

Value $40.26M Shares 201,214 Est. Cost $100.60 Unrealized —

EWY ISHARES INC 2.1%

Value $7.253M Shares 35,924 Est. Cost $123.01 Unrealized —

AVGO BROADCOM INC 3.9%

Value $13.28M Shares 35,160 Est. Cost $290.69 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 2.3%

Value $7.742M Shares 66,359 Est. Cost $110.75 Unrealized —

XLK SELECT SECTOR SPDR ETF 1.4%

Value $4.614M Shares 24,220 Est. Cost $212.92 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value $531K Shares 696 Est. Cost $395.51 Unrealized —

FIG FIGMA INC 0.2%

Value $635K Shares 35,100 Est. Cost $62.47 Unrealized —

CVX CHEVRON CORPORATION 0.1%

Value $269K Shares 1,622 Est. Cost $94.78 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.2%

Value $707K Shares 756 Est. Cost $755.50 Unrealized —

BA BOEING CO 0.2%

Value $541K Shares 2,500 Est. Cost $201.87 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	201,214	$40.26M	11.9%	$100.60	—	COM	67066G104
EWY	ISHARES INC	35,924	$7.253M	2.1%	$123.01	—	MSCI STH KOR ETF	464286772
AVGO	BROADCOM INC	35,160	$13.28M	3.9%	$290.69	—	COM	11135F101
PLTR	PALANTIR TECHNOLOGIES INC	66,359	$7.742M	2.3%	$110.75	—	CL A	69608A108
XLK	SELECT SECTOR SPDR ETF	24,220	$4.614M	1.4%	$212.92	—	ST STR TECHN ETF	81369Y803
CRWD	CROWDSTRIKE HLDGS INC	696	$531K	0.2%	$395.51	—	CL A	22788C105
FIG	FIGMA INC	35,100	$635K	0.2%	$62.47	—	CLASS A COM STK	316841105
CVX	CHEVRON CORPORATION	1,622	$269K	0.1%	$94.78	—	COM	166764100
COST	COSTCO WHOLESALE CORPORATION	756	$707K	0.2%	$755.50	—	COM	22160K105
BA	BOEING CO	2,500	$541K	0.2%	$201.87	—	COM	097023105