Elgethun Capital Management Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTV	VANGUARD INDEX FDS	5,116	$977	0.2%	$190.97	—	VALUE ETF	922908744
VUG	VANGUARD INDEX FDS	1,894	$924	0.2%	$487.86	—	GROWTH ETF	922908736
TSLA	TESLA INC	1,244	$559	0.1%	$443.29	0.0%	COM	88160R101
KMX	CARMAX INC	12,125	$469	0.1%	$39.99	0.0%	COM	143130102
VO	VANGUARD INDEX FDS	1,281	$372	0.1%	$290.22	—	MID CAP ETF	922908629
ARWR	ARROWHEAD PHARMACEUTICALS IN	4,000	$266	0.0%	$49.01	0.0%	COM	04280A100
MO	ALTRIA GROUP INC	4,120	$238	0.0%	$59.36	0.0%	COM	02209S103
CNQ	CANADIAN NAT RES LTD	6,698	$227	0.0%	$32.42	0.0%	COM	136385101
MU	MICRON TECHNOLOGY INC	747	$213	0.0%	$229.35	0.0%	COM	595112103
OXY/WS	OCCIDENTAL PETE CORP	10,400	$200	0.0%	$19.27	—	*W EXP 08/03/202	674599162

Increased Positions (60)

FRFHF FAIRFAX FINANCIAL 8.2%

Value ($000) $47,416 (+9.8%) Shares 24,851 (+1.1%) Est. Cost $695.79 Unrealized +146.7%

NVDA NVIDIA CORPORATION 0.9%

Value ($000) $5,055 (+314.1%) Shares 27,106 (+312.4%) Est. Cost $169.47 Unrealized +9.8%

EFV ISHARES TR 5.6%

Value ($000) $32,491 (+12.8%) Shares 454,996 (+7.8%) Est. Cost $53.11 Unrealized —

AAP ADVANCE AUTO PARTS INC 1.2%

Value ($000) $6,692 (-34.7%) Shares 170,279 (+1.1%) Est. Cost $39.56 Unrealized +25.9%

DFH DREAM FINDERS HOMES INC 1.5%

Value ($000) $8,465 (-28.3%) Shares 495,037 (+8.2%) Est. Cost $21.72 Unrealized -5.9%

C CITIGROUP INC 3.5%

Value ($000) $20,388 (+18.3%) Shares 174,715 (+1.0%) Est. Cost $59.40 Unrealized +74.5%

SCHF SCHWAB STRATEGIC TR 2.7%

Value ($000) $15,814 (+12.6%) Shares 657,812 (+9.8%) Est. Cost $24.02 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 11.5%

Value ($000) $66,313 (+2.4%) Shares 131,927 (+1.4%) Est. Cost $227.09 Unrealized +119.1%

FNDE SCHWAB STRATEGIC TR 3.3%

Value ($000) $19,355 (+8.8%) Shares 536,745 (+9.6%) Est. Cost $29.89 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $2,264 (+203.5%) Shares 3 (+200.0%) Est. Cost $728458.06 Unrealized +2.5%

GOOG ALPHABET INC 0.5%

Value ($000) $3,101 (+52.0%) Shares 9,882 (+16.7%) Est. Cost $139.01 Unrealized +106.0%

GOOGL ALPHABET INC 0.5%

Value ($000) $3,048 (+40.2%) Shares 9,738 (+7.6%) Est. Cost $129.60 Unrealized +120.4%

IEMG ISHARES INC 4.2%

Value ($000) $24,388 (+3.7%) Shares 362,812 (+2.4%) Est. Cost $48.79 Unrealized —

BOC BOSTON OMAHA CORP 3.1%

Value ($000) $17,984 (-3.5%) Shares 1,453,842 (+1.9%) Est. Cost $15.89 Unrealized -18.1%

VBR VANGUARD INDEX FDS 1.3%

Value ($000) $7,751 (+9.1%) Shares 36,597 (+7.6%) Est. Cost $179.47 Unrealized —

VDE VANGUARD WORLD FD 1.3%

Value ($000) $7,279 (+9.4%) Shares 57,807 (+9.0%) Est. Cost $61.40 Unrealized —

LBTYK LIBERTY GLOBAL LTD 1.6%

Value ($000) $9,164 (-5.8%) Shares 830,112 (+1.4%) Est. Cost $9.57 Unrealized +16.2%

AMLP ALPS ETF TR 1.5%

Value ($000) $8,866 (+6.2%) Shares 188,564 (+6.1%) Est. Cost $27.11 Unrealized —

STLA STELLANTIS N.V 0.6%

Value ($000) $3,471 (+17.3%) Shares 318,734 (+1.7%) Est. Cost $12.59 Unrealized —

FWONA LIBERTY MEDIA CORP DEL 2.3%

Value ($000) $13,183 (-3.7%) Shares 147,490 (+1.9%) Est. Cost $63.43 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 1.0%

Value ($000) $5,910 (+9.4%) Shares 184,331 (+6.2%) Est. Cost $26.24 Unrealized —

UPS UNITED PARCEL SERVICE INC 0.1%

Value ($000) $643 (+220.1%) Shares 6,482 (+169.6%) Est. Cost $104.19 Unrealized -11.0%

ACI ALBERTSONS COS INC 0.6%

Value ($000) $3,637 (+12.8%) Shares 211,851 (+13.2%) Est. Cost $19.05 Unrealized -7.4%

RSP INVESCO EXCHANGE TRADED FD T 1.0%

Value ($000) $5,811 (+6.9%) Shares 30,337 (+5.9%) Est. Cost $177.28 Unrealized —

FFXDF FAIRFAX INDIA 1.0%

Value ($000) $5,898 (+6.5%) Shares 337,057 (+6.2%) Est. Cost $14.36 Unrealized +17.1%

OXY OCCIDENTAL PETE CORP 1.0%

Value ($000) $5,990 (-5.2%) Shares 145,660 (+9.3%) Est. Cost $41.29 Unrealized +0.6%

WMT WALMART INC 0.5%

Value ($000) $2,677 (+12.9%) Shares 24,029 (+2.5%) Est. Cost $49.66 Unrealized +115.9%

CWGL CRIMSON WINE GROUP 1.4%

Value ($000) $8,124 (-3.4%) Shares 1,657,948 (+2.2%) Est. Cost $6.76 Unrealized -24.7%

DRVN DRIVEN BRANDS HLDGS INC 1.4%

Value ($000) $7,892 (-3.0%) Shares 532,535 (+3.6%) Est. Cost $17.33 Unrealized -14.2%

NVR NVR INC 0.8%

Value ($000) $4,667 (-5.0%) Shares 640 (+5.6%) Est. Cost $3502.84 Unrealized +113.4%

BATRK ATLANTA BRAVES HLDGS INC 1.1%

Value ($000) $6,325 (+3.9%) Shares 160,326 (+8.1%) Est. Cost $38.48 Unrealized +2.7%

HD HOME DEPOT INC 0.2%

Value ($000) $1,136 (-12.5%) Shares 3,303 (+1.6%) Est. Cost $222.09 Unrealized +64.2%

ORCL ORACLE CORP 0.2%

Value ($000) $1,002 (+18.9%) Shares 5,142 (+70.7%) Est. Cost $183.30 Unrealized +29.9%

KR KROGER CO 0.9%

Value ($000) $4,960 (-2.8%) Shares 79,388 (+2.5%) Est. Cost $36.60 Unrealized +78.2%

CAT CATERPILLAR INC 0.1%

Value ($000) $638 (+28.5%) Shares 1,113 (+7.2%) Est. Cost $247.43 Unrealized +124.5%

UNH UNITEDHEALTH GROUP INC 0.6%

Value ($000) $3,532 (-3.7%) Shares 10,699 (+1.4%) Est. Cost $260.06 Unrealized +29.7%

NOW SERVICENOW INC 0.1%

Value ($000) $636 (-17.7%) Shares 4,150 (+400.0%) Est. Cost $155.82 Unrealized +10.1%

— BLACKROCK MUN TARGET TERM TR 0.5%

Value ($000) $3,127 (+4.5%) Shares 137,007 (+3.5%) Est. Cost $21.66 Unrealized —

JPM JPMORGAN CHASE & CO. 0.3%

Value ($000) $1,722 (+8.1%) Shares 5,344 (+4.8%) Est. Cost $106.29 Unrealized +191.2%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $384 (+49.3%) Shares 625 (+46.0%) Est. Cost $604.73 Unrealized —

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $533 (+31.0%) Shares 781 (+27.8%) Est. Cost $521.15 Unrealized —

SCHV SCHWAB STRATEGIC TR 0.4%

Value ($000) $2,317 (+5.5%) Shares 78,257 (+3.6%) Est. Cost $36.92 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value ($000) $966 (+10.4%) Shares 8,023 (+2.7%) Est. Cost $71.60 Unrealized +61.3%

CASH PATHWARD FINANCIAL INC 2.5%

Value ($000) $14,397 (-0.5%) Shares 202,782 (+2.8%) Est. Cost $36.08 Unrealized +98.6%

IEFA ISHARES TR 0.2%

Value ($000) $918 (+7.3%) Shares 10,264 (+5.4%) Est. Cost $70.13 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value ($000) $792 (+5.1%) Shares 12,676 (+1.4%) Est. Cost $51.15 Unrealized —

V VISA INC 0.2%

Value ($000) $1,409 (+2.7%) Shares 4,018 (+1.6%) Est. Cost $121.01 Unrealized +181.3%

MCD MCDONALDS CORP 0.2%

Value ($000) $1,063 (+3.3%) Shares 3,478 (+1.9%) Est. Cost $141.96 Unrealized +114.9%

DEM WISDOMTREE TR 0.1%

Value ($000) $303 (+11.6%) Shares 6,495 (+10.0%) Est. Cost $36.67 Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $338 (+8.9%) Shares 1,461 (+10.7%) Est. Cost $207.11 Unrealized +9.8%

ABBV ABBVIE INC 0.2%

Value ($000) $1,440 (-1.5%) Shares 6,302 (+2.4%) Est. Cost $68.08 Unrealized +234.2%

FNDF SCHWAB STRATEGIC TR 0.1%

Value ($000) $333 (+5.5%) Shares 7,367 (+1.1%) Est. Cost $28.12 Unrealized —

CASY CASEYS GEN STORES INC 0.1%

Value ($000) $323 (+5.7%) Shares 585 (+8.5%) Est. Cost $249.06 Unrealized +120.7%

ITW ILLINOIS TOOL WKS INC 0.1%

Value ($000) $318 (+5.4%) Shares 1,289 (+11.4%) Est. Cost $233.78 Unrealized +5.9%

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $448 (+3.2%) Shares 785 (+3.8%) Est. Cost $348.46 Unrealized +60.4%

BND VANGUARD BD INDEX FDS 0.0%

Value ($000) $136 (+8.8%) Shares 1,841 (+9.1%) Est. Cost $73.50 Unrealized —

INTU INTUIT 0.1%

Value ($000) $354 (+2.2%) Shares 534 (+5.5%) Est. Cost $294.67 Unrealized +124.2%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $359 (-1.8%) Shares 417 (+4.3%) Est. Cost $552.56 Unrealized +63.9%

IJH ISHARES TR 0.0%

Value ($000) $108 (+3.1%) Shares 1,636 (+2.1%) Est. Cost $99.45 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $1,504 (-0.2%) Shares 27,983 (+1.2%) Est. Cost $40.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FRFHF	FAIRFAX FINANCIAL	24,851 (+1.1%)	$47,416 (+9.8%)	8.2%	$695.79	+146.7%	COM	303901102
NVDA	NVIDIA CORPORATION	27,106 (+312.4%)	$5,055 (+314.1%)	0.9%	$169.47	+9.8%	COM	67066G104
EFV	ISHARES TR	454,996 (+7.8%)	$32,491 (+12.8%)	5.6%	$53.11	—	EAFE VALUE ETF	464288877
AAP	ADVANCE AUTO PARTS INC	170,279 (+1.1%)	$6,692 (-34.7%)	1.2%	$39.56	+25.9%	COM	00751Y106
DFH	DREAM FINDERS HOMES INC	495,037 (+8.2%)	$8,465 (-28.3%)	1.5%	$21.72	-5.9%	COM CL A	26154D100
C	CITIGROUP INC	174,715 (+1.0%)	$20,388 (+18.3%)	3.5%	$59.40	+74.5%	COM NEW	172967424
SCHF	SCHWAB STRATEGIC TR	657,812 (+9.8%)	$15,814 (+12.6%)	2.7%	$24.02	—	INTL EQTY ETF	808524805
BRK/B	BERKSHIRE HATHAWAY INC DEL	131,927 (+1.4%)	$66,313 (+2.4%)	11.5%	$227.09	+119.1%	CL B NEW	084670702
FNDE	SCHWAB STRATEGIC TR	536,745 (+9.6%)	$19,355 (+8.8%)	3.3%	$29.89	—	FUNDAMENTAL EMER	808524730
BRK/A	BERKSHIRE HATHAWAY INC DEL	3 (+200.0%)	$2,264 (+203.5%)	0.4%	$728458.06	+2.5%	CL A	084670108
GOOG	ALPHABET INC	9,882 (+16.7%)	$3,101 (+52.0%)	0.5%	$139.01	+106.0%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	9,738 (+7.6%)	$3,048 (+40.2%)	0.5%	$129.60	+120.4%	CAP STK CL A	02079K305
IEMG	ISHARES INC	362,812 (+2.4%)	$24,388 (+3.7%)	4.2%	$48.79	—	CORE MSCI EMKT	46434G103
BOC	BOSTON OMAHA CORP	1,453,842 (+1.9%)	$17,984 (-3.5%)	3.1%	$15.89	-18.1%	CL A COM STK	101044105
VBR	VANGUARD INDEX FDS	36,597 (+7.6%)	$7,751 (+9.1%)	1.3%	$179.47	—	SM CP VAL ETF	922908611
VDE	VANGUARD WORLD FD	57,807 (+9.0%)	$7,279 (+9.4%)	1.3%	$61.40	—	ENERGY ETF	92204A306
LBTYK	LIBERTY GLOBAL LTD	830,112 (+1.4%)	$9,164 (-5.8%)	1.6%	$9.57	+16.2%	COM CL C	G61188127
AMLP	ALPS ETF TR	188,564 (+6.1%)	$8,866 (+6.2%)	1.5%	$27.11	—	ALERIAN MLP	00162Q452
STLA	STELLANTIS N.V	318,734 (+1.7%)	$3,471 (+17.3%)	0.6%	$12.59	—	SHS	N82405106
FWONA	LIBERTY MEDIA CORP DEL	147,490 (+1.9%)	$13,183 (-3.7%)	2.3%	$63.43	—	COM LBTY ONE S A	531229771
EPD	ENTERPRISE PRODS PARTNERS L	184,331 (+6.2%)	$5,910 (+9.4%)	1.0%	$26.24	—	COM	293792107
UPS	UNITED PARCEL SERVICE INC	6,482 (+169.6%)	$643 (+220.1%)	0.1%	$104.19	-11.0%	CL B	911312106
ACI	ALBERTSONS COS INC	211,851 (+13.2%)	$3,637 (+12.8%)	0.6%	$19.05	-7.4%	COMMON STOCK	013091103
RSP	INVESCO EXCHANGE TRADED FD T	30,337 (+5.9%)	$5,811 (+6.9%)	1.0%	$177.28	—	S&P500 EQL WGT	46137V357
FFXDF	FAIRFAX INDIA	337,057 (+6.2%)	$5,898 (+6.5%)	1.0%	$14.36	+17.1%	COM	303897102
OXY	OCCIDENTAL PETE CORP	145,660 (+9.3%)	$5,990 (-5.2%)	1.0%	$41.29	+0.6%	COM	674599105
WMT	WALMART INC	24,029 (+2.5%)	$2,677 (+12.9%)	0.5%	$49.66	+115.9%	COM	931142103
CWGL	CRIMSON WINE GROUP	1,657,948 (+2.2%)	$8,124 (-3.4%)	1.4%	$6.76	-24.7%	COM	22662X100
DRVN	DRIVEN BRANDS HLDGS INC	532,535 (+3.6%)	$7,892 (-3.0%)	1.4%	$17.33	-14.2%	COM	26210V102
NVR	NVR INC	640 (+5.6%)	$4,667 (-5.0%)	0.8%	$3502.84	+113.4%	COM	62944T105
BATRK	ATLANTA BRAVES HLDGS INC	160,326 (+8.1%)	$6,325 (+3.9%)	1.1%	$38.48	+2.7%	COM SER C	047726302
HD	HOME DEPOT INC	3,303 (+1.6%)	$1,136 (-12.5%)	0.2%	$222.09	+64.2%	COM	437076102
ORCL	ORACLE CORP	5,142 (+70.7%)	$1,002 (+18.9%)	0.2%	$183.30	+29.9%	COM	68389X105
KR	KROGER CO	79,388 (+2.5%)	$4,960 (-2.8%)	0.9%	$36.60	+78.2%	COM	501044101
CAT	CATERPILLAR INC	1,113 (+7.2%)	$638 (+28.5%)	0.1%	$247.43	+124.5%	COM	149123101
UNH	UNITEDHEALTH GROUP INC	10,699 (+1.4%)	$3,532 (-3.7%)	0.6%	$260.06	+29.7%	COM	91324P102
NOW	SERVICENOW INC	4,150 (+400.0%)	$636 (-17.7%)	0.1%	$155.82	+10.1%	COM	81762P102
—	BLACKROCK MUN TARGET TERM TR	137,007 (+3.5%)	$3,127 (+4.5%)	0.5%	$21.66	—	COM SHS BEN IN	09257P105
JPM	JPMORGAN CHASE & CO.	5,344 (+4.8%)	$1,722 (+8.1%)	0.3%	$106.29	+191.2%	COM	46625H100
QQQ	INVESCO QQQ TR	625 (+46.0%)	$384 (+49.3%)	0.1%	$604.73	—	UNIT SER 1	46090E103
SPY	SPDR S&P 500 ETF TR	781 (+27.8%)	$533 (+31.0%)	0.1%	$521.15	—	TR UNIT	78462F103
SCHV	SCHWAB STRATEGIC TR	78,257 (+3.6%)	$2,317 (+5.5%)	0.4%	$36.92	—	US LCAP VA ETF	808524409
XOM	EXXON MOBIL CORP	8,023 (+2.7%)	$966 (+10.4%)	0.2%	$71.60	+61.3%	COM	30231G102
CASH	PATHWARD FINANCIAL INC	202,782 (+2.8%)	$14,397 (-0.5%)	2.5%	$36.08	+98.6%	COM	59100U108
IEFA	ISHARES TR	10,264 (+5.4%)	$918 (+7.3%)	0.2%	$70.13	—	CORE MSCI EAFE	46432F842
VEA	VANGUARD TAX-MANAGED FDS	12,676 (+1.4%)	$792 (+5.1%)	0.1%	$51.15	—	VAN FTSE DEV MKT	921943858
V	VISA INC	4,018 (+1.6%)	$1,409 (+2.7%)	0.2%	$121.01	+181.3%	COM CL A	92826C839
MCD	MCDONALDS CORP	3,478 (+1.9%)	$1,063 (+3.3%)	0.2%	$141.96	+114.9%	COM	580135101
DEM	WISDOMTREE TR	6,495 (+10.0%)	$303 (+11.6%)	0.1%	$36.67	—	EMER MKT HIGH FD	97717W315
UNP	UNION PAC CORP	1,461 (+10.7%)	$338 (+8.9%)	0.1%	$207.11	+9.8%	COM	907818108
ABBV	ABBVIE INC	6,302 (+2.4%)	$1,440 (-1.5%)	0.2%	$68.08	+234.2%	COM	00287Y109
FNDF	SCHWAB STRATEGIC TR	7,367 (+1.1%)	$333 (+5.5%)	0.1%	$28.12	—	FUNDAMENTAL INTL	808524755
CASY	CASEYS GEN STORES INC	585 (+8.5%)	$323 (+5.7%)	0.1%	$249.06	+120.7%	COM	147528103
ITW	ILLINOIS TOOL WKS INC	1,289 (+11.4%)	$318 (+5.4%)	0.1%	$233.78	+5.9%	COM	452308109
MA	MASTERCARD INCORPORATED	785 (+3.8%)	$448 (+3.2%)	0.1%	$348.46	+60.4%	CL A	57636Q104
BND	VANGUARD BD INDEX FDS	1,841 (+9.1%)	$136 (+8.8%)	0.0%	$73.50	—	TOTAL BND MRKT	921937835
INTU	INTUIT	534 (+5.5%)	$354 (+2.2%)	0.1%	$294.67	+124.2%	COM	461202103
COST	COSTCO WHSL CORP NEW	417 (+4.3%)	$359 (-1.8%)	0.1%	$552.56	+63.9%	COM	22160K105
IJH	ISHARES TR	1,636 (+2.1%)	$108 (+3.1%)	0.0%	$99.45	—	CORE S&P MCP ETF	464287507
VWO	VANGUARD INTL EQUITY INDEX F	27,983 (+1.2%)	$1,504 (-0.2%)	0.3%	$40.04	—	FTSE EMR MKT ETF	922042858

Exited Positions (2)

VTEB VANGUARD MUN BD FDS 0.1%

Value ($000) $400 Shares 8,011 Est. Cost $49.62 Unrealized —

INN SUMMIT HOTEL PPTYS INC 0.0%

Value ($000) $68 Shares 12,466 Est. Cost $15.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTEB	VANGUARD MUN BD FDS	8,011	$400	0.1%	$49.62	—	—	922907746
INN	SUMMIT HOTEL PPTYS INC	12,466	$68	0.0%	$15.23	—	—	866082100

Decreased Positions (24)

SCHB SCHWAB STRATEGIC TR 2.4%

Value ($000) $13,949 (-15.1%) Shares 531,780 (-16.9%) Est. Cost $34.31 Unrealized —

MSFT MICROSOFT CORP 2.0%

Value ($000) $11,442 (-7.7%) Shares 23,658 (-1.9%) Est. Cost $103.74 Unrealized +382.5%

SPSM SPDR SERIES TRUST 0.2%

Value ($000) $893 (-14.6%) Shares 19,062 (-15.6%) Est. Cost $43.33 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.4%

Value ($000) $2,111 (-5.9%) Shares 78,465 (-7.9%) Est. Cost $35.92 Unrealized —

AMZN AMAZON COM INC 0.9%

Value ($000) $5,065 (+2.3%) Shares 21,944 (-2.4%) Est. Cost $148.16 Unrealized +54.4%

GEF/B GREIF INC 0.0%

Value ($000) $267 (-24.5%) Shares 3,581 (-37.4%) Est. Cost $41.42 Unrealized +58.8%

PEP PEPSICO INC 0.1%

Value ($000) $686 (-10.7%) Shares 4,780 (-12.1%) Est. Cost $93.23 Unrealized +56.5%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $851 (+10.6%) Shares 4,114 (-1.2%) Est. Cost $112.02 Unrealized +75.9%

AAPL APPLE INC 0.7%

Value ($000) $4,072 (+2.0%) Shares 14,977 (-3.5%) Est. Cost $157.92 Unrealized +69.9%

VTS VITESSE ENERGY INC 0.0%

Value ($000) $137 (-35.9%) Shares 7,139 (-23.3%) Est. Cost $21.08 Unrealized +1.3%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value ($000) $268 (+27.7%) Shares 1,250 (-3.0%) Est. Cost $115.39 Unrealized +94.6%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $396 (-9.4%) Shares 2,760 (-3.8%) Est. Cost $88.66 Unrealized +66.0%

MKL MARKEL GROUP INC 0.1%

Value ($000) $512 (+8.6%) Shares 238 (-4.4%) Est. Cost $1293.99 Unrealized +56.6%

AMT AMERICAN TOWER CORP NEW 0.0%

Value ($000) $116 (-20.6%) Shares 661 (-13.0%) Est. Cost $220.30 Unrealized -18.2%

NOC NORTHROP GRUMMAN CORP 0.0%

Value ($000) $246 (-9.4%) Shares 431 (-4.0%) Est. Cost $416.67 Unrealized +38.9%

SYY SYSCO CORP 0.0%

Value ($000) $156 (-11.8%) Shares 2,118 (-1.2%) Est. Cost $40.96 Unrealized +84.3%

KO COCA COLA CO 0.1%

Value ($000) $727 (-2.1%) Shares 10,399 (-6.7%) Est. Cost $41.58 Unrealized +66.9%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $267 (-4.9%) Shares 552 (-1.4%) Est. Cost $322.48 Unrealized +47.7%

WERN WERNER ENTERPRISES INC 0.0%

Value ($000) $148 (-7.6%) Shares 4,919 (-20.7%) Est. Cost $30.88 Unrealized -11.0%

QCOM QUALCOMM INC 0.0%

Value ($000) $106 (-7.5%) Shares 622 (-10.2%) Est. Cost $114.72 Unrealized +48.9%

IVV ISHARES TR 0.2%

Value ($000) $921 (-0.8%) Shares 1,344 (-3.1%) Est. Cost $551.10 Unrealized —

CRM SALESFORCE INC 0.0%

Value ($000) $228 (-1.3%) Shares 860 (-10.5%) Est. Cost $185.88 Unrealized +33.5%

SHEL SHELL PLC 0.0%

Value ($000) $173 (-1.3%) Shares 2,361 (-2.7%) Est. Cost $66.38 Unrealized —

SCHA SCHWAB STRATEGIC TR 0.0%

Value ($000) $181 (+0.3%) Shares 6,352 (-1.7%) Est. Cost $33.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHB	SCHWAB STRATEGIC TR	531,780 (-16.9%)	$13,949 (-15.1%)	2.4%	$34.31	—	US BRD MKT ETF	808524102
MSFT	MICROSOFT CORP	23,658 (-1.9%)	$11,442 (-7.7%)	2.0%	$103.74	+382.5%	COM	594918104
SPSM	SPDR SERIES TRUST	19,062 (-15.6%)	$893 (-14.6%)	0.2%	$43.33	—	STATE STREET SPD	78468R853
SCHX	SCHWAB STRATEGIC TR	78,465 (-7.9%)	$2,111 (-5.9%)	0.4%	$35.92	—	US LRG CAP ETF	808524201
AMZN	AMAZON COM INC	21,944 (-2.4%)	$5,065 (+2.3%)	0.9%	$148.16	+54.4%	COM	023135106
GEF/B	GREIF INC	3,581 (-37.4%)	$267 (-24.5%)	0.0%	$41.42	+58.8%	CL B	397624206
PEP	PEPSICO INC	4,780 (-12.1%)	$686 (-10.7%)	0.1%	$93.23	+56.5%	COM	713448108
JNJ	JOHNSON & JOHNSON	4,114 (-1.2%)	$851 (+10.6%)	0.1%	$112.02	+75.9%	COM	478160104
AAPL	APPLE INC	14,977 (-3.5%)	$4,072 (+2.0%)	0.7%	$157.92	+69.9%	COM	037833100
VTS	VITESSE ENERGY INC	7,139 (-23.3%)	$137 (-35.9%)	0.0%	$21.08	+1.3%	COMMON STOCK	92852X103
AMD	ADVANCED MICRO DEVICES INC	1,250 (-3.0%)	$268 (+27.7%)	0.0%	$115.39	+94.6%	COM	007903107
PG	PROCTER AND GAMBLE CO	2,760 (-3.8%)	$396 (-9.4%)	0.1%	$88.66	+66.0%	COM	742718109
MKL	MARKEL GROUP INC	238 (-4.4%)	$512 (+8.6%)	0.1%	$1293.99	+56.6%	COM	570535104
AMT	AMERICAN TOWER CORP NEW	661 (-13.0%)	$116 (-20.6%)	0.0%	$220.30	-18.2%	COM	03027X100
NOC	NORTHROP GRUMMAN CORP	431 (-4.0%)	$246 (-9.4%)	0.0%	$416.67	+38.9%	COM	666807102
SYY	SYSCO CORP	2,118 (-1.2%)	$156 (-11.8%)	0.0%	$40.96	+84.3%	COM	871829107
KO	COCA COLA CO	10,399 (-6.7%)	$727 (-2.1%)	0.1%	$41.58	+66.9%	COM	191216100
LMT	LOCKHEED MARTIN CORP	552 (-1.4%)	$267 (-4.9%)	0.0%	$322.48	+47.7%	COM	539830109
WERN	WERNER ENTERPRISES INC	4,919 (-20.7%)	$148 (-7.6%)	0.0%	$30.88	-11.0%	COM	950755108
QCOM	QUALCOMM INC	622 (-10.2%)	$106 (-7.5%)	0.0%	$114.72	+48.9%	COM	747525103
IVV	ISHARES TR	1,344 (-3.1%)	$921 (-0.8%)	0.2%	$551.10	—	CORE S&P500 ETF	464287200
CRM	SALESFORCE INC	860 (-10.5%)	$228 (-1.3%)	0.0%	$185.88	+33.5%	COM	79466L302
SHEL	SHELL PLC	2,361 (-2.7%)	$173 (-1.3%)	0.0%	$66.38	—	SPON ADS	780259305
SCHA	SCHWAB STRATEGIC TR	6,352 (-1.7%)	$181 (+0.3%)	0.0%	$33.62	—	US SML CAP ETF	808524607

Unchanged Positions (70)

LLY ELI LILLY & CO 4.6%

Value ($000) $26,480 Shares 24,640 Est. Cost $446.95 Unrealized +113.8%

TBBK BANCORP INC DEL 2.6%

Value ($000) $14,866 Shares 220,172 Est. Cost $34.38 Unrealized +100.7%

SCHW SCHWAB CHARLES CORP 2.8%

Value ($000) $16,016 Shares 160,304 Est. Cost $49.42 Unrealized +91.7%

AXP AMERICAN EXPRESS CO 1.1%

Value ($000) $6,304 Shares 17,039 Est. Cost $79.55 Unrealized +348.7%

INTC INTEL CORP 0.9%

Value ($000) $5,089 Shares 137,921 Est. Cost $26.85 Unrealized +40.6%

MRK MERCK & CO INC 0.2%

Value ($000) $1,253 Shares 11,901 Est. Cost $98.21 Unrealized -5.1%

VST VISTRA CORP 0.2%

Value ($000) $909 Shares 5,633 Est. Cost $197.68 Unrealized -8.0%

WRB BERKLEY W R CORP 0.3%

Value ($000) $1,688 Shares 24,069 Est. Cost $35.40 Unrealized +105.5%

URI UNITED RENTALS INC 0.1%

Value ($000) $553 Shares 683 Est. Cost $358.21 Unrealized +142.1%

MPC MARATHON PETE CORP 0.1%

Value ($000) $515 Shares 3,168 Est. Cost $86.91 Unrealized +114.5%

GRBK GREEN BRICK PARTNERS INC 0.1%

Value ($000) $398 Shares 6,355 Est. Cost $20.98 Unrealized +214.2%

SCHG SCHWAB STRATEGIC TR 0.6%

Value ($000) $3,423 Shares 104,946 Est. Cost $31.92 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $1,343 Shares 3,880 Est. Cost $149.44 Unrealized +138.9%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.2%

Value ($000) $1,130 Shares 3,717 Est. Cost $81.92 Unrealized —

DHR DANAHER CORPORATION 0.1%

Value ($000) $557 Shares 2,432 Est. Cost $200.44 Unrealized +9.5%

GM GENERAL MTRS CO 0.0%

Value ($000) $215 Shares 2,646 Est. Cost $36.10 Unrealized +95.0%

NEM NEWMONT CORP 0.1%

Value ($000) $363 Shares 3,638 Est. Cost $49.68 Unrealized +81.6%

DHI D R HORTON INC 0.0%

Value ($000) $252 Shares 1,751 Est. Cost $107.60 Unrealized +41.3%

AMAT APPLIED MATLS INC 0.0%

Value ($000) $236 Shares 918 Est. Cost $129.54 Unrealized +84.9%

TGT TARGET CORP 0.1%

Value ($000) $417 Shares 4,269 Est. Cost $96.73 Unrealized -5.3%

ETN EATON CORP PLC 0.0%

Value ($000) $231 Shares 725 Est. Cost $170.34 Unrealized +108.0%

RTX RTX CORPORATION 0.1%

Value ($000) $414 Shares 2,259 Est. Cost $91.12 Unrealized +90.2%

ACN ACCENTURE PLC IRELAND 0.1%

Value ($000) $406 Shares 1,512 Est. Cost $216.78 Unrealized +17.2%

CB CHUBB LIMITED 0.1%

Value ($000) $380 Shares 1,219 Est. Cost $187.54 Unrealized +55.9%

SPGI S&P GLOBAL INC 0.1%

Value ($000) $514 Shares 983 Est. Cost $172.26 Unrealized +186.9%

MNST MONSTER BEVERAGE CORP NEW 0.0%

Value ($000) $258 Shares 3,360 Est. Cost $39.89 Unrealized +79.6%

MMM 3M CO 0.2%

Value ($000) $1,107 Shares 6,915 Est. Cost $116.04 Unrealized +40.6%

HON HONEYWELL INTL INC 0.1%

Value ($000) $342 Shares 1,752 Est. Cost $126.28 Unrealized +54.4%

BAC BANK AMERICA CORP 0.1%

Value ($000) $366 Shares 6,662 Est. Cost $29.46 Unrealized +78.8%

GLD SPDR GOLD TR 0.0%

Value ($000) $244 Shares 616 Est. Cost $220.36 Unrealized —

NGD NEW GOLD INC CDA 0.0%

Value ($000) $131 Shares 15,000 Est. Cost $1.35 Unrealized +456.7%

MDU MDU RES GROUP INC 0.0%

Value ($000) $213 Shares 10,930 Est. Cost $8.02 Unrealized +144.0%

CSX CSX CORP 0.1%

Value ($000) $446 Shares 12,310 Est. Cost $30.70 Unrealized +16.3%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $369 Shares 1,247 Est. Cost $118.77 Unrealized +151.6%

ITB ISHARES TR 0.0%

Value ($000) $158 Shares 1,644 Est. Cost $85.44 Unrealized —

EFA ISHARES TR 0.2%

Value ($000) $877 Shares 9,138 Est. Cost $57.87 Unrealized —

IWM ISHARES TR 0.2%

Value ($000) $1,016 Shares 4,129 Est. Cost $135.27 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $788 Shares 2,350 Est. Cost $285.22 Unrealized —

NKE NIKE INC 0.0%

Value ($000) $128 Shares 2,002 Est. Cost $93.07 Unrealized -30.3%

DVYE ISHARES INC 0.1%

Value ($000) $340 Shares 10,925 Est. Cost $29.64 Unrealized —

ABT ABBOTT LABS 0.1%

Value ($000) $362 Shares 2,888 Est. Cost $111.83 Unrealized +13.8%

LPLA LPL FINL HLDGS INC 0.0%

Value ($000) $176 Shares 493 Est. Cost $212.68 Unrealized +66.3%

MDLZ MONDELEZ INTL INC 0.0%

Value ($000) $91 Shares 1,696 Est. Cost $68.54 Unrealized -16.8%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $592 Shares 943 Est. Cost $542.07 Unrealized —

IVLU ISHARES TR 0.0%

Value ($000) $227 Shares 5,970 Est. Cost $21.51 Unrealized —

XLF SELECT SECTOR SPDR TR 0.1%

Value ($000) $666 Shares 12,154 Est. Cost $29.02 Unrealized —

ACWX ISHARES TR 0.1%

Value ($000) $503 Shares 7,500 Est. Cost $65.46 Unrealized —

PM PHILIP MORRIS INTL INC 0.1%

Value ($000) $745 Shares 4,644 Est. Cost $88.93 Unrealized +72.7%

VYM VANGUARD WHITEHALL FDS 0.1%

Value ($000) $531 Shares 3,700 Est. Cost $128.96 Unrealized —

TRV TRAVELERS COMPANIES INC 0.0%

Value ($000) $264 Shares 910 Est. Cost $245.41 Unrealized +14.3%

DE DEERE & CO 0.1%

Value ($000) $353 Shares 758 Est. Cost $401.88 Unrealized +16.4%

NEE NEXTERA ENERGY INC 0.0%

Value ($000) $248 Shares 3,091 Est. Cost $63.71 Unrealized +29.5%

IWR ISHARES TR 0.6%

Value ($000) $3,419 Shares 35,515 Est. Cost $79.47 Unrealized —

KNF KNIFE RIVER CORP 0.0%

Value ($000) $164 Shares 2,337 Est. Cost $44.91 Unrealized +56.4%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $146 Shares 844 Est. Cost $159.07 Unrealized +7.3%

LOW LOWES COS INC 0.0%

Value ($000) $242 Shares 1,005 Est. Cost $192.20 Unrealized +24.8%

GFI GOLD FIELDS LTD 0.0%

Value ($000) $218 Shares 5,000 Est. Cost $42.39 Unrealized —

ECL ECOLAB INC 0.0%

Value ($000) $186 Shares 707 Est. Cost $191.77 Unrealized +38.6%

IWO ISHARES TR 0.1%

Value ($000) $670 Shares 2,075 Est. Cost $153.87 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $289 Shares 1,784 Est. Cost $74.98 Unrealized +108.3%

BWB BRIDGEWATER BANCSHARES INC 0.2%

Value ($000) $1,389 Shares 79,250 Est. Cost $9.84 Unrealized +76.3%

IJR ISHARES TR 0.1%

Value ($000) $313 Shares 2,603 Est. Cost $100.78 Unrealized —

BP BP PLC 0.1%

Value ($000) $441 Shares 12,694 Est. Cost $30.30 Unrealized —

ECG EVERUS CONSTR GROUP 0.0%

Value ($000) $229 Shares 2,682 Est. Cost $74.30 Unrealized +20.4%

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $519 Shares 97 Est. Cost $2198.68 Unrealized +133.7%

HSY HERSHEY CO 0.0%

Value ($000) $129 Shares 707 Est. Cost $229.45 Unrealized -20.6%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $756 Shares 4,962 Est. Cost $105.88 Unrealized +43.0%

LCTX LINEAGE CELL THERAPEUTICS IN 0.0%

Value ($000) $25 Shares 15,000 Est. Cost $0.83 Unrealized +107.7%

SBUX STARBUCKS CORP 0.0%

Value ($000) $94 Shares 1,114 Est. Cost $63.22 Unrealized +33.0%

BSV VANGUARD BD INDEX FDS 0.0%

Value ($000) $261 Shares 3,310 Est. Cost $78.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	24,640	$26,480	4.6%	$446.95	+113.8%	COM	532457108
TBBK	BANCORP INC DEL	220,172	$14,866	2.6%	$34.38	+100.7%	COM	05969A105
SCHW	SCHWAB CHARLES CORP	160,304	$16,016	2.8%	$49.42	+91.7%	COM	808513105
AXP	AMERICAN EXPRESS CO	17,039	$6,304	1.1%	$79.55	+348.7%	COM	025816109
INTC	INTEL CORP	137,921	$5,089	0.9%	$26.85	+40.6%	COM	458140100
MRK	MERCK & CO INC	11,901	$1,253	0.2%	$98.21	-5.1%	COM	58933Y105
VST	VISTRA CORP	5,633	$909	0.2%	$197.68	-8.0%	COM	92840M102
WRB	BERKLEY W R CORP	24,069	$1,688	0.3%	$35.40	+105.5%	COM	084423102
URI	UNITED RENTALS INC	683	$553	0.1%	$358.21	+142.1%	COM	911363109
MPC	MARATHON PETE CORP	3,168	$515	0.1%	$86.91	+114.5%	COM	56585A102
GRBK	GREEN BRICK PARTNERS INC	6,355	$398	0.1%	$20.98	+214.2%	COM	392709101
SCHG	SCHWAB STRATEGIC TR	104,946	$3,423	0.6%	$31.92	—	US LCAP GR ETF	808524300
AVGO	BROADCOM INC	3,880	$1,343	0.2%	$149.44	+138.9%	COM	11135F101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	3,717	$1,130	0.2%	$81.92	—	SPONSORED ADS	874039100
DHR	DANAHER CORPORATION	2,432	$557	0.1%	$200.44	+9.5%	COM	235851102
GM	GENERAL MTRS CO	2,646	$215	0.0%	$36.10	+95.0%	COM	37045V100
NEM	NEWMONT CORP	3,638	$363	0.1%	$49.68	+81.6%	COM	651639106
DHI	D R HORTON INC	1,751	$252	0.0%	$107.60	+41.3%	COM	23331A109
AMAT	APPLIED MATLS INC	918	$236	0.0%	$129.54	+84.9%	COM	038222105
TGT	TARGET CORP	4,269	$417	0.1%	$96.73	-5.3%	COM	87612E106
ETN	EATON CORP PLC	725	$231	0.0%	$170.34	+108.0%	SHS	G29183103
RTX	RTX CORPORATION	2,259	$414	0.1%	$91.12	+90.2%	COM	75513E101
ACN	ACCENTURE PLC IRELAND	1,512	$406	0.1%	$216.78	+17.2%	SHS CLASS A	G1151C101
CB	CHUBB LIMITED	1,219	$380	0.1%	$187.54	+55.9%	COM	H1467J104
SPGI	S&P GLOBAL INC	983	$514	0.1%	$172.26	+186.9%	COM	78409V104
MNST	MONSTER BEVERAGE CORP NEW	3,360	$258	0.0%	$39.89	+79.6%	COM	61174X109
MMM	3M CO	6,915	$1,107	0.2%	$116.04	+40.6%	COM	88579Y101
HON	HONEYWELL INTL INC	1,752	$342	0.1%	$126.28	+54.4%	COM	438516106
BAC	BANK AMERICA CORP	6,662	$366	0.1%	$29.46	+78.8%	COM	060505104
GLD	SPDR GOLD TR	616	$244	0.0%	$220.36	—	GOLD SHS	78463V107
NGD	NEW GOLD INC CDA	15,000	$131	0.0%	$1.35	+456.7%	COM	644535106
MDU	MDU RES GROUP INC	10,930	$213	0.0%	$8.02	+144.0%	COM	552690109
CSX	CSX CORP	12,310	$446	0.1%	$30.70	+16.3%	COM	126408103
IBM	INTERNATIONAL BUSINESS MACHS	1,247	$369	0.1%	$118.77	+151.6%	COM	459200101
ITB	ISHARES TR	1,644	$158	0.0%	$85.44	—	US HOME CONS ETF	464288752
EFA	ISHARES TR	9,138	$877	0.2%	$57.87	—	MSCI EAFE ETF	464287465
IWM	ISHARES TR	4,129	$1,016	0.2%	$135.27	—	RUSSELL 2000 ETF	464287655
VTI	VANGUARD INDEX FDS	2,350	$788	0.1%	$285.22	—	TOTAL STK MKT	922908769
NKE	NIKE INC	2,002	$128	0.0%	$93.07	-30.3%	CL B	654106103
DVYE	ISHARES INC	10,925	$340	0.1%	$29.64	—	EM MKTS DIV ETF	464286319
ABT	ABBOTT LABS	2,888	$362	0.1%	$111.83	+13.8%	COM	002824100
LPLA	LPL FINL HLDGS INC	493	$176	0.0%	$212.68	+66.3%	COM	50212V100
MDLZ	MONDELEZ INTL INC	1,696	$91	0.0%	$68.54	-16.8%	CL A	609207105
VOO	VANGUARD INDEX FDS	943	$592	0.1%	$542.07	—	S&P 500 ETF SHS	922908363
IVLU	ISHARES TR	5,970	$227	0.0%	$21.51	—	MSCI INTL VLU FT	46435G409
XLF	SELECT SECTOR SPDR TR	12,154	$666	0.1%	$29.02	—	STATE STREET FIN	81369Y605
ACWX	ISHARES TR	7,500	$503	0.1%	$65.46	—	MSCI ACWI EX US	464288240
PM	PHILIP MORRIS INTL INC	4,644	$745	0.1%	$88.93	+72.7%	COM	718172109
VYM	VANGUARD WHITEHALL FDS	3,700	$531	0.1%	$128.96	—	HIGH DIV YLD	921946406
TRV	TRAVELERS COMPANIES INC	910	$264	0.0%	$245.41	+14.3%	COM	89417E109
DE	DEERE & CO	758	$353	0.1%	$401.88	+16.4%	COM	244199105
NEE	NEXTERA ENERGY INC	3,091	$248	0.0%	$63.71	+29.5%	COM	65339F101
IWR	ISHARES TR	35,515	$3,419	0.6%	$79.47	—	RUS MID CAP ETF	464287499
KNF	KNIFE RIVER CORP	2,337	$164	0.0%	$44.91	+56.4%	COMMON STOCK	498894104
TXN	TEXAS INSTRS INC	844	$146	0.0%	$159.07	+7.3%	COM	882508104
LOW	LOWES COS INC	1,005	$242	0.0%	$192.20	+24.8%	COM	548661107
GFI	GOLD FIELDS LTD	5,000	$218	0.0%	$42.39	—	SPONSORED ADR	38059T106
ECL	ECOLAB INC	707	$186	0.0%	$191.77	+38.6%	COM	278865100
IWO	ISHARES TR	2,075	$670	0.1%	$153.87	—	RUS 2000 GRW ETF	464287648
ICE	INTERCONTINENTAL EXCHANGE IN	1,784	$289	0.0%	$74.98	+108.3%	COM	45866F104
BWB	BRIDGEWATER BANCSHARES INC	79,250	$1,389	0.2%	$9.84	+76.3%	COM	108621103
IJR	ISHARES TR	2,603	$313	0.1%	$100.78	—	CORE S&P SCP ETF	464287804
BP	BP PLC	12,694	$441	0.1%	$30.30	—	SPONSORED ADR	055622104
ECG	EVERUS CONSTR GROUP	2,682	$229	0.0%	$74.30	+20.4%	COM	300426103
BKNG	BOOKING HOLDINGS INC	97	$519	0.1%	$2198.68	+133.7%	COM	09857L108
HSY	HERSHEY CO	707	$129	0.0%	$229.45	-20.6%	COM	427866108
CVX	CHEVRON CORP NEW	4,962	$756	0.1%	$105.88	+43.0%	COM	166764100
LCTX	LINEAGE CELL THERAPEUTICS IN	15,000	$25	0.0%	$0.83	+107.7%	COM	53566P109
SBUX	STARBUCKS CORP	1,114	$94	0.0%	$63.22	+33.0%	COM	855244109
BSV	VANGUARD BD INDEX FDS	3,310	$261	0.0%	$78.27	—	SHORT TRM BOND	921937827