BRASADA CAPITAL MANAGEMENT, LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBRE	CBRE GROUP INC	37,217	$5,962	1.0%	$157.23	0.0%	CL A	12504L109
LNT	ALLIANT ENERGY CORP	79,208	$5,195	0.9%	$66.83	0.0%	COM	018802108
FAST	FASTENAL CO	114,053	$4,612	0.8%	$42.03	0.0%	COM	311900104
RKT	ROCKET COS INC	212,302	$4,206	0.7%	$17.88	0.0%	COM CL A	77311W101
MPWR	MONOLITHIC PWR SYS INC	3,939	$3,688	0.6%	$960.73	0.0%	COM	609839105
—	ISHARES TR	7,500	$1,846	0.3%	—	—	PUT	464287955
XLF	SELECT SECTOR SPDR TR	30,000	$1,643	0.3%	—	—	PUT	81369Y605
ICE	INTERCONTINENTAL EXCHANGE IN	9,229	$1,484	0.3%	$156.20	0.0%	COM	45866F104
ELAN	ELANCO ANIMAL HEALTH INC	30,010	$679	0.1%	$21.76	0.0%	COM	28414H103
HUBB	HUBBELL INC	1,500	$666	0.1%	$437.22	0.0%	COM	443510607
AROC	ARCHROCK INC	23,000	$598	0.1%	$24.62	0.0%	COM	03957W106
IXUS	ISHARES TR	6,041	$519	0.1%	$85.85	—	CORE MSCI TOTAL	46432F834
NGS	NATURAL GAS SVCS GROUP INC	15,000	$516	0.1%	$29.70	0.0%	COM	63886Q109
PFF	ISHARES TR	8,069	$252	0.0%	$31.27	—	PFD AND INCM SEC	464288687
XOM	EXXON MOBIL CORP	1,694	$208	0.0%	$115.49	0.0%	COM	30231G102
SEI	SOLARIS ENERGY INFRAS INC	4,000	$201	0.0%	$48.29	0.0%	COM CL A	83418M103

Increased Positions (32)

MDT MEDTRONIC PLC 0.8%

Value ($000) $4,853 (+749.2%) Shares 50,525 (+742.1%) Est. Cost $96.44 Unrealized +0.7%

TBLL INVESCO EXCH TRADED FD TR II 0.9%

Value ($000) $5,298 (+260.5%) Shares 50,125 (+260.4%) Est. Cost $105.67 Unrealized —

NOW SERVICENOW INC 0.6%

Value ($000) $3,552 (-51.2%) Shares 24,091 (+201.0%) Est. Cost $164.37 Unrealized +4.4%

AVGO BROADCOM INC 0.8%

Value ($000) $4,565 (+277.9%) Shares 13,132 (+267.6%) Est. Cost $318.63 Unrealized +12.0%

— SPDR S&P 500 ETF TR 1.2%

Value ($000) $6,819 (+70.6%) Shares 10,000 (+66.7%) Est. Cost — Unrealized —

CRH CRH PLC 3.5%

Value ($000) $20,755 (+11.8%) Shares 164,148 (+7.1%) Est. Cost $61.05 Unrealized +95.1%

SOLV SOLVENTUM CORP 1.1%

Value ($000) $6,510 (+40.2%) Shares 82,383 (+32.4%) Est. Cost $70.66 Unrealized +8.4%

TMO THERMO FISHER SCIENTIFIC INC 0.9%

Value ($000) $5,585 (+36.0%) Shares 9,453 (+20.8%) Est. Cost $501.96 Unrealized +12.6%

MS MORGAN STANLEY 1.1%

Value ($000) $6,374 (+20.7%) Shares 35,039 (+3.1%) Est. Cost $82.31 Unrealized +102.3%

RTX RTX CORPORATION 1.1%

Value ($000) $6,435 (+16.2%) Shares 34,366 (+3.4%) Est. Cost $94.72 Unrealized +83.0%

HLT HILTON WORLDWIDE HLDGS INC 0.9%

Value ($000) $5,176 (+18.5%) Shares 17,667 (+4.7%) Est. Cost $137.73 Unrealized +97.6%

V VISA INC 1.5%

Value ($000) $9,029 (+7.6%) Shares 26,058 (+7.5%) Est. Cost $281.71 Unrealized +20.8%

CCJ CAMECO CORP 0.6%

Value ($000) $3,829 (+17.9%) Shares 39,240 (+1.6%) Est. Cost $55.69 Unrealized +61.5%

— CENTRAL SECS CORP 1.1%

Value ($000) $6,240 (+10.2%) Shares 122,996 (+11.5%) Est. Cost $49.55 Unrealized —

JPM JPMORGAN CHASE & CO. 0.9%

Value ($000) $5,204 (+11.7%) Shares 15,988 (+5.5%) Est. Cost $219.97 Unrealized +40.7%

ETN EATON CORP PLC 0.9%

Value ($000) $5,619 (-8.4%) Shares 17,248 (+5.8%) Est. Cost $198.26 Unrealized +78.7%

AJG GALLAGHER ARTHUR J & CO 0.6%

Value ($000) $3,589 (-12.6%) Shares 14,020 (+5.4%) Est. Cost $234.39 Unrealized +12.7%

LNG CHENIERE ENERGY INC 0.7%

Value ($000) $3,959 (-11.1%) Shares 20,015 (+4.2%) Est. Cost $204.75 Unrealized +2.6%

RMD RESMED INC 0.7%

Value ($000) $4,285 (-6.0%) Shares 17,503 (+6.2%) Est. Cost $234.24 Unrealized +9.0%

EPAM EPAM SYS INC 0.1%

Value ($000) $501 (+118.7%) Shares 2,500 (+66.7%) Est. Cost $137.75 Unrealized +29.4%

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $7,309 (+3.4%) Shares 38,702 (+3.4%) Est. Cost $98.38 Unrealized +89.2%

BAC BANK AMERICA CORP 0.2%

Value ($000) $908 (+35.3%) Shares 16,500 (+26.9%) Est. Cost $36.29 Unrealized +45.1%

MCHP MICROCHIP TECHNOLOGY INC. 0.8%

Value ($000) $4,951 (+3.7%) Shares 76,451 (+5.2%) Est. Cost $66.61 Unrealized -7.9%

LIND LINDBLAD EXPEDITIONS HLDGS I 0.1%

Value ($000) $549 (+26.3%) Shares 38,000 (+8.6%) Est. Cost $13.12 Unrealized -3.9%

LYV LIVE NATION ENTERTAINMENT IN 0.8%

Value ($000) $4,943 (-1.9%) Shares 34,018 (+5.8%) Est. Cost $80.03 Unrealized +79.6%

DTM DT MIDSTREAM INC 0.2%

Value ($000) $1,245 (+8.2%) Shares 10,293 (+1.4%) Est. Cost $50.09 Unrealized +128.2%

INTU INTUIT 0.7%

Value ($000) $3,969 (-1.8%) Shares 6,306 (+6.4%) Est. Cost $405.57 Unrealized +62.9%

MCD MCDONALDS CORP 0.2%

Value ($000) $906 (+7.8%) Shares 2,986 (+6.6%) Est. Cost $272.97 Unrealized +11.8%

BLK BLACKROCK INC 0.2%

Value ($000) $1,230 (-4.7%) Shares 1,134 (+1.9%) Est. Cost $991.42 Unrealized +9.9%

FERG FERGUSON ENTERPRISES INC 0.3%

Value ($000) $1,682 (+1.6%) Shares 7,507 (+3.7%) Est. Cost $195.88 Unrealized +21.5%

SUI SUN CMNTYS INC 0.1%

Value ($000) $572 (+1.9%) Shares 4,680 (+7.3%) Est. Cost $114.91 Unrealized —

KMI KINDER MORGAN INC DEL 0.2%

Value ($000) $1,072 (-0.3%) Shares 39,000 (+2.6%) Est. Cost $21.94 Unrealized +22.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDT	MEDTRONIC PLC	50,525 (+742.1%)	$4,853 (+749.2%)	0.8%	$96.44	+0.7%	SHS	G5960L103
TBLL	INVESCO EXCH TRADED FD TR II	50,125 (+260.4%)	$5,298 (+260.5%)	0.9%	$105.67	—	SHORT TERM TREAS	46138G888
NOW	SERVICENOW INC	24,091 (+201.0%)	$3,552 (-51.2%)	0.6%	$164.37	+4.4%	COM	81762P102
AVGO	BROADCOM INC	13,132 (+267.6%)	$4,565 (+277.9%)	0.8%	$318.63	+12.0%	COM	11135F101
—	SPDR S&P 500 ETF TR	10,000 (+66.7%)	$6,819 (+70.6%)	1.2%	—	—	PUT	78462F953
CRH	CRH PLC	164,148 (+7.1%)	$20,755 (+11.8%)	3.5%	$61.05	+95.1%	ORD	G25508105
SOLV	SOLVENTUM CORP	82,383 (+32.4%)	$6,510 (+40.2%)	1.1%	$70.66	+8.4%	COM SHS	83444M101
TMO	THERMO FISHER SCIENTIFIC INC	9,453 (+20.8%)	$5,585 (+36.0%)	0.9%	$501.96	+12.6%	COM	883556102
MS	MORGAN STANLEY	35,039 (+3.1%)	$6,374 (+20.7%)	1.1%	$82.31	+102.3%	COM NEW	617446448
RTX	RTX CORPORATION	34,366 (+3.4%)	$6,435 (+16.2%)	1.1%	$94.72	+83.0%	COM	75513E101
HLT	HILTON WORLDWIDE HLDGS INC	17,667 (+4.7%)	$5,176 (+18.5%)	0.9%	$137.73	+97.6%	COM	43300A203
V	VISA INC	26,058 (+7.5%)	$9,029 (+7.6%)	1.5%	$281.71	+20.8%	COM CL A	92826C839
CCJ	CAMECO CORP	39,240 (+1.6%)	$3,829 (+17.9%)	0.6%	$55.69	+61.5%	COM	13321L108
—	CENTRAL SECS CORP	122,996 (+11.5%)	$6,240 (+10.2%)	1.1%	$49.55	—	COM	155123102
JPM	JPMORGAN CHASE & CO.	15,988 (+5.5%)	$5,204 (+11.7%)	0.9%	$219.97	+40.7%	COM	46625H100
ETN	EATON CORP PLC	17,248 (+5.8%)	$5,619 (-8.4%)	0.9%	$198.26	+78.7%	SHS	G29183103
AJG	GALLAGHER ARTHUR J & CO	14,020 (+5.4%)	$3,589 (-12.6%)	0.6%	$234.39	+12.7%	COM	363576109
LNG	CHENIERE ENERGY INC	20,015 (+4.2%)	$3,959 (-11.1%)	0.7%	$204.75	+2.6%	COM NEW	16411R208
RMD	RESMED INC	17,503 (+6.2%)	$4,285 (-6.0%)	0.7%	$234.24	+9.0%	COM	761152107
EPAM	EPAM SYS INC	2,500 (+66.7%)	$501 (+118.7%)	0.1%	$137.75	+29.4%	COM	29414B104
NVDA	NVIDIA CORPORATION	38,702 (+3.4%)	$7,309 (+3.4%)	1.2%	$98.38	+89.2%	COM	67066G104
BAC	BANK AMERICA CORP	16,500 (+26.9%)	$908 (+35.3%)	0.2%	$36.29	+45.1%	COM	060505104
MCHP	MICROCHIP TECHNOLOGY INC.	76,451 (+5.2%)	$4,951 (+3.7%)	0.8%	$66.61	-7.9%	COM	595017104
LIND	LINDBLAD EXPEDITIONS HLDGS I	38,000 (+8.6%)	$549 (+26.3%)	0.1%	$13.12	-3.9%	COM	535219109
LYV	LIVE NATION ENTERTAINMENT IN	34,018 (+5.8%)	$4,943 (-1.9%)	0.8%	$80.03	+79.6%	COM	538034109
DTM	DT MIDSTREAM INC	10,293 (+1.4%)	$1,245 (+8.2%)	0.2%	$50.09	+128.2%	COMMON STOCK	23345M107
INTU	INTUIT	6,306 (+6.4%)	$3,969 (-1.8%)	0.7%	$405.57	+62.9%	COM	461202103
MCD	MCDONALDS CORP	2,986 (+6.6%)	$906 (+7.8%)	0.2%	$272.97	+11.8%	COM	580135101
BLK	BLACKROCK INC	1,134 (+1.9%)	$1,230 (-4.7%)	0.2%	$991.42	+9.9%	COM	09290D101
FERG	FERGUSON ENTERPRISES INC	7,507 (+3.7%)	$1,682 (+1.6%)	0.3%	$195.88	+21.5%	COMMON STOCK NEW	31488V107
SUI	SUN CMNTYS INC	4,680 (+7.3%)	$572 (+1.9%)	0.1%	$114.91	—	COM	866674104
KMI	KINDER MORGAN INC DEL	39,000 (+2.6%)	$1,072 (-0.3%)	0.2%	$21.94	+22.6%	COM	49456B101

Exited Positions (19)

COIN COINBASE GLOBAL INC 0.7%

Value ($000) $3,877 Shares 10,676 Est. Cost $339.07 Unrealized -12.1%

CARR CARRIER GLOBAL CORPORATION 0.5%

Value ($000) $3,070 Shares 52,126 Est. Cost $58.30 Unrealized -4.8%

TTEK TETRA TECH INC NEW 0.4%

Value ($000) $2,481 Shares 73,660 Est. Cost $33.29 Unrealized +1.6%

SNPS SYNOPSYS INC 0.4%

Value ($000) $2,329 Shares 4,943 Est. Cost $565.30 Unrealized -21.4%

EFX EQUIFAX INC 0.3%

Value ($000) $1,846 Shares 7,946 Est. Cost $243.33 Unrealized -10.1%

CCC CCC INTELLIGENT SOLUTIONS HL 0.3%

Value ($000) $1,679 Shares 182,068 Est. Cost $11.34 Unrealized -28.3%

— LENNAR CORP 0.2%

Value ($000) $1,260 Shares 10,000 Est. Cost — Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $847 Shares 3,612 Est. Cost $215.42 Unrealized +5.5%

FLS FLOWSERVE CORP 0.1%

Value ($000) $797 Shares 15,000 Est. Cost $53.76 Unrealized +19.2%

LPG DORIAN LPG LTD 0.1%

Value ($000) $720 Shares 25,000 Est. Cost $22.13 Unrealized +18.5%

ARE ALEXANDRIA REAL ESTATE EQ IN 0.1%

Value ($000) $678 Shares 8,098 Est. Cost $77.73 Unrealized -25.4%

LFUS LITTELFUSE INC 0.1%

Value ($000) $648 Shares 2,500 Est. Cost $250.43 Unrealized +1.7%

LEN LENNAR CORP 0.1%

Value ($000) $630 Shares 5,000 Est. Cost $123.58 Unrealized -2.3%

NKE NIKE INC 0.1%

Value ($000) $592 Shares 8,490 Est. Cost $73.79 Unrealized -12.0%

BLDR BUILDERS FIRSTSOURCE INC 0.1%

Value ($000) $576 Shares 4,750 Est. Cost $132.67 Unrealized -15.3%

HHH HOWARD HUGHES HOLDINGS INC 0.1%

Value ($000) $506 Shares 6,000 Est. Cost $68.32 Unrealized +21.2%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.1%

Value ($000) $493 Shares 20,000 Est. Cost $17.89 Unrealized +18.0%

BEPC BROOKFIELD RENEWABLE CORP 0.1%

Value ($000) $371 Shares 10,400 Est. Cost $33.73 Unrealized +18.6%

GAMB GAMBLING COM GROUP LIMITED 0.1%

Value ($000) $328 Shares 40,400 Est. Cost $9.34 Unrealized -31.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COIN	COINBASE GLOBAL INC	10,676	$3,877	0.7%	$339.07	-12.1%	—	19260Q107
CARR	CARRIER GLOBAL CORPORATION	52,126	$3,070	0.5%	$58.30	-4.8%	—	14448C104
TTEK	TETRA TECH INC NEW	73,660	$2,481	0.4%	$33.29	+1.6%	—	88162G103
SNPS	SYNOPSYS INC	4,943	$2,329	0.4%	$565.30	-21.4%	—	871607107
EFX	EQUIFAX INC	7,946	$1,846	0.3%	$243.33	-10.1%	—	294429105
CCC	CCC INTELLIGENT SOLUTIONS HL	182,068	$1,679	0.3%	$11.34	-28.3%	—	12510Q100
—	LENNAR CORP	10,000	$1,260	0.2%	—	—	CALL	526057904
UNP	UNION PAC CORP	3,612	$847	0.1%	$215.42	+5.5%	—	907818108
FLS	FLOWSERVE CORP	15,000	$797	0.1%	$53.76	+19.2%	—	34354P105
LPG	DORIAN LPG LTD	25,000	$720	0.1%	$22.13	+18.5%	—	Y2106R110
ARE	ALEXANDRIA REAL ESTATE EQ IN	8,098	$678	0.1%	$77.73	-25.4%	—	015271109
LFUS	LITTELFUSE INC	2,500	$648	0.1%	$250.43	+1.7%	—	537008104
LEN	LENNAR CORP	5,000	$630	0.1%	$123.58	-2.3%	—	526057104
NKE	NIKE INC	8,490	$592	0.1%	$73.79	-12.0%	—	654106103
BLDR	BUILDERS FIRSTSOURCE INC	4,750	$576	0.1%	$132.67	-15.3%	—	12008R107
HHH	HOWARD HUGHES HOLDINGS INC	6,000	$506	0.1%	$68.32	+21.2%	—	44267T102
NCLH	NORWEGIAN CRUISE LINE HLDG L	20,000	$493	0.1%	$17.89	+18.0%	—	G66721104
BEPC	BROOKFIELD RENEWABLE CORP	10,400	$371	0.1%	$33.73	+18.6%	—	11285B108
GAMB	GAMBLING COM GROUP LIMITED	40,400	$328	0.1%	$9.34	-31.9%	—	G3R239101

Decreased Positions (58)

GOOGL ALPHABET INC 5.2%

Value ($000) $30,826 (+22.2%) Shares 97,827 (-4.7%) Est. Cost $135.41 Unrealized +110.9%

ORCL ORACLE CORP 0.1%

Value ($000) $412 (-91.7%) Shares 2,104 (-87.8%) Est. Cost $160.80 Unrealized +48.0%

SYK STRYKER CORPORATION 0.4%

Value ($000) $2,181 (-60.8%) Shares 6,264 (-58.8%) Est. Cost $362.69 Unrealized +0.2%

MSFT MICROSOFT CORP 5.0%

Value ($000) $29,376 (-9.9%) Shares 62,113 (-1.8%) Est. Cost $142.25 Unrealized +251.9%

CPRT COPART INC 1.1%

Value ($000) $6,641 (-26.8%) Shares 175,828 (-13.7%) Est. Cost $36.12 Unrealized +14.8%

MSI MOTOROLA SOLUTIONS INC 0.6%

Value ($000) $3,461 (-39.8%) Shares 9,072 (-29.3%) Est. Cost $467.15 Unrealized -14.2%

BIL SPDR SERIES TRUST 4.9%

Value ($000) $28,959 (-6.8%) Shares 316,769 (-6.7%) Est. Cost $91.52 Unrealized —

TDG TRANSDIGM GROUP INC 1.3%

Value ($000) $7,846 (-19.0%) Shares 5,776 (-23.4%) Est. Cost $773.97 Unrealized +69.4%

CP CANADIAN PACIFIC KANSAS CITY 1.2%

Value ($000) $6,915 (-18.6%) Shares 92,886 (-17.0%) Est. Cost $77.55 Unrealized -5.1%

UBER UBER TECHNOLOGIES INC 1.1%

Value ($000) $6,551 (-15.8%) Shares 79,057 (-1.9%) Est. Cost $71.88 Unrealized +25.3%

UNH UNITEDHEALTH GROUP INC 0.7%

Value ($000) $4,192 (-22.7%) Shares 12,462 (-18.7%) Est. Cost $298.94 Unrealized +12.8%

CMS CMS ENERGY CORP 1.4%

Value ($000) $8,160 (-12.5%) Shares 115,880 (-10.7%) Est. Cost $54.23 Unrealized +33.7%

EXR EXTRA SPACE STORAGE INC 0.7%

Value ($000) $4,059 (-20.1%) Shares 30,991 (-13.7%) Est. Cost $140.62 Unrealized -4.0%

SPGI S&P GLOBAL INC 1.2%

Value ($000) $7,293 (-11.1%) Shares 14,225 (-17.2%) Est. Cost $454.53 Unrealized +8.7%

TYL TYLER TECHNOLOGIES INC 0.5%

Value ($000) $2,934 (-23.5%) Shares 6,731 (-12.6%) Est. Cost $332.33 Unrealized +43.4%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $549 (-61.6%) Shares 2,171 (-56.0%) Est. Cost $194.80 Unrealized +35.9%

GFL GFL ENVIRONMENTAL INC 0.5%

Value ($000) $2,862 (-22.0%) Shares 66,749 (-14.9%) Est. Cost $32.06 Unrealized +39.4%

MA MASTERCARD INCORPORATED 1.9%

Value ($000) $11,290 (-6.7%) Shares 20,049 (-4.3%) Est. Cost $268.59 Unrealized +108.1%

WMB WILLIAMS COS INC 2.0%

Value ($000) $11,864 (-5.8%) Shares 195,178 (-6.4%) Est. Cost $31.56 Unrealized +90.3%

SH PROSHARES TR 0.3%

Value ($000) $1,826 (-27.5%) Shares 50,743 (-25.8%) Est. Cost $49.94 Unrealized —

ENFR ALPS ETF TR 0.6%

Value ($000) $3,756 (-14.1%) Shares 118,459 (-13.1%) Est. Cost $32.06 Unrealized —

META META PLATFORMS INC 0.7%

Value ($000) $4,417 (-11.8%) Shares 6,772 (-1.5%) Est. Cost $616.61 Unrealized +8.2%

GOOG ALPHABET INC 0.4%

Value ($000) $2,310 (+26.7%) Shares 7,326 (-1.0%) Est. Cost $109.32 Unrealized +161.9%

HWM HOWMET AEROSPACE INC 1.3%

Value ($000) $7,576 (+6.5%) Shares 35,786 (-3.9%) Est. Cost $109.18 Unrealized +82.3%

CPT CAMDEN PPTY TR 0.0%

Value ($000) $209 (-68.2%) Shares 1,900 (-69.8%) Est. Cost $89.95 Unrealized +14.7%

BSX BOSTON SCIENTIFIC CORP 1.3%

Value ($000) $7,984 (-5.3%) Shares 84,261 (-3.7%) Est. Cost $51.36 Unrealized +90.9%

MCO MOODYS CORP 1.9%

Value ($000) $11,270 (-3.5%) Shares 22,544 (-6.9%) Est. Cost $269.57 Unrealized +80.8%

VMC VULCAN MATLS CO 1.0%

Value ($000) $5,774 (-6.6%) Shares 19,730 (-3.2%) Est. Cost $215.96 Unrealized +35.7%

GTLS CHART INDS INC 0.3%

Value ($000) $1,650 (-17.7%) Shares 8,000 (-20.0%) Est. Cost $112.90 Unrealized +79.5%

BKNG BOOKING HOLDINGS INC 0.3%

Value ($000) $1,608 (-16.5%) Shares 302 (-14.9%) Est. Cost $3190.18 Unrealized +61.1%

PPL PPL CORP 0.3%

Value ($000) $1,876 (-13.4%) Shares 53,425 (-10.2%) Est. Cost $26.92 Unrealized +33.1%

DHR DANAHER CORPORATION 1.4%

Value ($000) $8,306 (+3.5%) Shares 36,049 (-5.5%) Est. Cost $191.74 Unrealized +14.5%

IWR ISHARES TR 0.1%

Value ($000) $773 (-23.4%) Shares 7,947 (-23.7%) Est. Cost $81.96 Unrealized —

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $508 (-30.0%) Shares 10,000 (-45.9%) Est. Cost $43.20 Unrealized +0.3%

WST WEST PHARMACEUTICAL SVSC INC 1.3%

Value ($000) $7,462 (-2.8%) Shares 26,997 (-4.0%) Est. Cost $214.18 Unrealized +27.7%

DGRO ISHARES TR 0.1%

Value ($000) $703 (-22.2%) Shares 10,069 (-23.9%) Est. Cost $52.78 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $7,389 (-2.2%) Shares 14,873 (-2.4%) Est. Cost $306.24 Unrealized +62.5%

TWFG TWFG INC 0.8%

Value ($000) $4,502 (-3.2%) Shares 160,787 (-5.1%) Est. Cost $28.90 Unrealized -5.9%

IDXX IDEXX LABS INC 3.3%

Value ($000) $19,335 (+0.7%) Shares 28,859 (-4.7%) Est. Cost $318.15 Unrealized +114.1%

REXR REXFORD INDL RLTY INC 0.2%

Value ($000) $1,016 (-11.1%) Shares 26,040 (-5.8%) Est. Cost $37.27 Unrealized —

LQD ISHARES TR 0.3%

Value ($000) $1,925 (-5.9%) Shares 17,476 (-4.6%) Est. Cost $108.93 Unrealized —

COF CAPITAL ONE FINL CORP 0.2%

Value ($000) $969 (+12.6%) Shares 4,000 (-1.2%) Est. Cost $185.05 Unrealized +20.1%

MUB ISHARES TR 0.3%

Value ($000) $1,554 (-6.5%) Shares 14,495 (-7.2%) Est. Cost $106.25 Unrealized —

WELL WELLTOWER INC 1.2%

Value ($000) $7,020 (+1.3%) Shares 37,554 (-4.9%) Est. Cost $130.29 Unrealized +43.1%

TOST TOAST INC 0.1%

Value ($000) $770 (-8.4%) Shares 22,640 (-2.7%) Est. Cost $36.19 Unrealized -0.4%

TECB ISHARES TR 0.1%

Value ($000) $651 (-7.9%) Shares 10,762 (-6.7%) Est. Cost $40.30 Unrealized —

BOND PIMCO ETF TR 0.1%

Value ($000) $804 (-5.6%) Shares 8,643 (-5.3%) Est. Cost $92.32 Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 0.0%

Value ($000) $220 (-16.5%) Shares 1,000 (-11.5%) Est. Cost $146.13 Unrealized +55.5%

AGG ISHARES TR 0.1%

Value ($000) $749 (-5.4%) Shares 7,499 (-5.0%) Est. Cost $99.18 Unrealized —

GOVT ISHARES TR 0.1%

Value ($000) $723 (-5.5%) Shares 31,400 (-5.0%) Est. Cost $23.03 Unrealized —

SKY CHAMPION HOMES INC 0.1%

Value ($000) $584 (-4.4%) Shares 6,915 (-13.6%) Est. Cost $70.62 Unrealized +11.6%

JEPI J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $929 (-2.1%) Shares 16,214 (-2.9%) Est. Cost $58.08 Unrealized —

JPIB J P MORGAN EXCHANGE TRADED F 0.1%

Value ($000) $328 (-5.4%) Shares 6,711 (-5.2%) Est. Cost $47.76 Unrealized —

VUSB VANGUARD BD INDEX FDS 0.1%

Value ($000) $318 (-5.1%) Shares 6,384 (-5.1%) Est. Cost $49.44 Unrealized —

HEI/A HEICO CORP NEW 2.3%

Value ($000) $13,476 (+0.1%) Shares 52,383 (-2.5%) Est. Cost $110.57 Unrealized +123.4%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $668 (-1.8%) Shares 1,090 (-3.0%) Est. Cost $197.91 Unrealized —

DE DEERE & CO 0.2%

Value ($000) $954 (-0.6%) Shares 2,050 (-2.4%) Est. Cost $471.36 Unrealized -0.8%

NEE NEXTERA ENERGY INC 0.2%

Value ($000) $979 (+0.2%) Shares 12,100 (-3.2%) Est. Cost $58.92 Unrealized +40.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	97,827 (-4.7%)	$30,826 (+22.2%)	5.2%	$135.41	+110.9%	CAP STK CL A	02079K305
ORCL	ORACLE CORP	2,104 (-87.8%)	$412 (-91.7%)	0.1%	$160.80	+48.0%	COM	68389X105
SYK	STRYKER CORPORATION	6,264 (-58.8%)	$2,181 (-60.8%)	0.4%	$362.69	+0.2%	COM	863667101
MSFT	MICROSOFT CORP	62,113 (-1.8%)	$29,376 (-9.9%)	5.0%	$142.25	+251.9%	COM	594918104
CPRT	COPART INC	175,828 (-13.7%)	$6,641 (-26.8%)	1.1%	$36.12	+14.8%	COM	217204106
MSI	MOTOROLA SOLUTIONS INC	9,072 (-29.3%)	$3,461 (-39.8%)	0.6%	$467.15	-14.2%	COM NEW	620076307
BIL	SPDR SERIES TRUST	316,769 (-6.7%)	$28,959 (-6.8%)	4.9%	$91.52	—	STATE STREET SPD	78468R663
TDG	TRANSDIGM GROUP INC	5,776 (-23.4%)	$7,846 (-19.0%)	1.3%	$773.97	+69.4%	COM	893641100
CP	CANADIAN PACIFIC KANSAS CITY	92,886 (-17.0%)	$6,915 (-18.6%)	1.2%	$77.55	-5.1%	COM	13646K108
UBER	UBER TECHNOLOGIES INC	79,057 (-1.9%)	$6,551 (-15.8%)	1.1%	$71.88	+25.3%	COM	90353T100
UNH	UNITEDHEALTH GROUP INC	12,462 (-18.7%)	$4,192 (-22.7%)	0.7%	$298.94	+12.8%	COM	91324P102
CMS	CMS ENERGY CORP	115,880 (-10.7%)	$8,160 (-12.5%)	1.4%	$54.23	+33.7%	COM	125896100
EXR	EXTRA SPACE STORAGE INC	30,991 (-13.7%)	$4,059 (-20.1%)	0.7%	$140.62	-4.0%	COM	30225T102
SPGI	S&P GLOBAL INC	14,225 (-17.2%)	$7,293 (-11.1%)	1.2%	$454.53	+8.7%	COM	78409V104
TYL	TYLER TECHNOLOGIES INC	6,731 (-12.6%)	$2,934 (-23.5%)	0.5%	$332.33	+43.4%	COM	902252105
ADP	AUTOMATIC DATA PROCESSING IN	2,171 (-56.0%)	$549 (-61.6%)	0.1%	$194.80	+35.9%	COM	053015103
GFL	GFL ENVIRONMENTAL INC	66,749 (-14.9%)	$2,862 (-22.0%)	0.5%	$32.06	+39.4%	SUB VTG SHS	36168Q104
MA	MASTERCARD INCORPORATED	20,049 (-4.3%)	$11,290 (-6.7%)	1.9%	$268.59	+108.1%	CL A	57636Q104
WMB	WILLIAMS COS INC	195,178 (-6.4%)	$11,864 (-5.8%)	2.0%	$31.56	+90.3%	COM	969457100
SH	PROSHARES TR	50,743 (-25.8%)	$1,826 (-27.5%)	0.3%	$49.94	—	SHORT S&P 500 NE	74349Y753
ENFR	ALPS ETF TR	118,459 (-13.1%)	$3,756 (-14.1%)	0.6%	$32.06	—	ALERIAN ENERGY	00162Q676
META	META PLATFORMS INC	6,772 (-1.5%)	$4,417 (-11.8%)	0.7%	$616.61	+8.2%	CL A	30303M102
GOOG	ALPHABET INC	7,326 (-1.0%)	$2,310 (+26.7%)	0.4%	$109.32	+161.9%	CAP STK CL C	02079K107
HWM	HOWMET AEROSPACE INC	35,786 (-3.9%)	$7,576 (+6.5%)	1.3%	$109.18	+82.3%	COM	443201108
CPT	CAMDEN PPTY TR	1,900 (-69.8%)	$209 (-68.2%)	0.0%	$89.95	+14.7%	SH BEN INT	133131102
BSX	BOSTON SCIENTIFIC CORP	84,261 (-3.7%)	$7,984 (-5.3%)	1.3%	$51.36	+90.9%	COM	101137107
MCO	MOODYS CORP	22,544 (-6.9%)	$11,270 (-3.5%)	1.9%	$269.57	+80.8%	COM	615369105
VMC	VULCAN MATLS CO	19,730 (-3.2%)	$5,774 (-6.6%)	1.0%	$215.96	+35.7%	COM	929160109
GTLS	CHART INDS INC	8,000 (-20.0%)	$1,650 (-17.7%)	0.3%	$112.90	+79.5%	COM	16115Q308
BKNG	BOOKING HOLDINGS INC	302 (-14.9%)	$1,608 (-16.5%)	0.3%	$3190.18	+61.1%	COM	09857L108
PPL	PPL CORP	53,425 (-10.2%)	$1,876 (-13.4%)	0.3%	$26.92	+33.1%	COM	69351T106
DHR	DANAHER CORPORATION	36,049 (-5.5%)	$8,306 (+3.5%)	1.4%	$191.74	+14.5%	COM	235851102
IWR	ISHARES TR	7,947 (-23.7%)	$773 (-23.4%)	0.1%	$81.96	—	RUS MID CAP ETF	464287499
FCX	FREEPORT-MCMORAN INC	10,000 (-45.9%)	$508 (-30.0%)	0.1%	$43.20	+0.3%	CL B	35671D857
WST	WEST PHARMACEUTICAL SVSC INC	26,997 (-4.0%)	$7,462 (-2.8%)	1.3%	$214.18	+27.7%	COM	955306105
DGRO	ISHARES TR	10,069 (-23.9%)	$703 (-22.2%)	0.1%	$52.78	—	CORE DIV GRWTH	46434V621
BRK/B	BERKSHIRE HATHAWAY INC DEL	14,873 (-2.4%)	$7,389 (-2.2%)	1.2%	$306.24	+62.5%	CL B NEW	084670702
TWFG	TWFG INC	160,787 (-5.1%)	$4,502 (-3.2%)	0.8%	$28.90	-5.9%	COM CL A	87318A101
IDXX	IDEXX LABS INC	28,859 (-4.7%)	$19,335 (+0.7%)	3.3%	$318.15	+114.1%	COM	45168D104
REXR	REXFORD INDL RLTY INC	26,040 (-5.8%)	$1,016 (-11.1%)	0.2%	$37.27	—	COM	76169C100
LQD	ISHARES TR	17,476 (-4.6%)	$1,925 (-5.9%)	0.3%	$108.93	—	IBOXX INV CP ETF	464287242
COF	CAPITAL ONE FINL CORP	4,000 (-1.2%)	$969 (+12.6%)	0.2%	$185.05	+20.1%	COM	14040H105
MUB	ISHARES TR	14,495 (-7.2%)	$1,554 (-6.5%)	0.3%	$106.25	—	NATIONAL MUN ETF	464288414
WELL	WELLTOWER INC	37,554 (-4.9%)	$7,020 (+1.3%)	1.2%	$130.29	+43.1%	COM	95040Q104
TOST	TOAST INC	22,640 (-2.7%)	$770 (-8.4%)	0.1%	$36.19	-0.4%	CL A	888787108
TECB	ISHARES TR	10,762 (-6.7%)	$651 (-7.9%)	0.1%	$40.30	—	US TECH BRKTHR	46436E502
BOND	PIMCO ETF TR	8,643 (-5.3%)	$804 (-5.6%)	0.1%	$92.32	—	ACTIVE BD ETF	72201R775
BR	BROADRIDGE FINL SOLUTIONS IN	1,000 (-11.5%)	$220 (-16.5%)	0.0%	$146.13	+55.5%	COM	11133T103
AGG	ISHARES TR	7,499 (-5.0%)	$749 (-5.4%)	0.1%	$99.18	—	CORE US AGGBD ET	464287226
GOVT	ISHARES TR	31,400 (-5.0%)	$723 (-5.5%)	0.1%	$23.03	—	US TREAS BD ETF	46429B267
SKY	CHAMPION HOMES INC	6,915 (-13.6%)	$584 (-4.4%)	0.1%	$70.62	+11.6%	COM	830830105
JEPI	J P MORGAN EXCHANGE TRADED F	16,214 (-2.9%)	$929 (-2.1%)	0.2%	$58.08	—	EQUITY PREMIUM	46641Q332
JPIB	J P MORGAN EXCHANGE TRADED F	6,711 (-5.2%)	$328 (-5.4%)	0.1%	$47.76	—	INTL BD OPP ETF	46641Q852
VUSB	VANGUARD BD INDEX FDS	6,384 (-5.1%)	$318 (-5.1%)	0.1%	$49.44	—	VANGUARD ULTRA	92203C303
HEI/A	HEICO CORP NEW	52,383 (-2.5%)	$13,476 (+0.1%)	2.3%	$110.57	+123.4%	CL A	422806208
QQQ	INVESCO QQQ TR	1,090 (-3.0%)	$668 (-1.8%)	0.1%	$197.91	—	UNIT SER 1	46090E103
DE	DEERE & CO	2,050 (-2.4%)	$954 (-0.6%)	0.2%	$471.36	-0.8%	COM	244199105
NEE	NEXTERA ENERGY INC	12,100 (-3.2%)	$979 (+0.2%)	0.2%	$58.92	+40.0%	COM	65339F101

Unchanged Positions (34)

COST COSTCO WHSL CORP NEW 2.6%

Value ($000) $15,579 Shares 18,232 Est. Cost $264.81 Unrealized +242.0%

FTAI FTAI AVIATION LTD 0.8%

Value ($000) $4,617 Shares 21,950 Est. Cost $15.67 Unrealized +986.4%

ECL ECOLAB INC 1.4%

Value ($000) $8,041 Shares 30,617 Est. Cost $250.89 Unrealized +5.9%

CLBT CELLEBRITE DI LTD 0.8%

Value ($000) $4,912 Shares 275,315 Est. Cost $20.03 Unrealized -10.3%

AMT AMERICAN TOWER CORP NEW 0.5%

Value ($000) $2,710 Shares 15,504 Est. Cost $136.48 Unrealized +32.1%

AMD ADVANCED MICRO DEVICES INC 0.2%

Value ($000) $894 Shares 4,000 Est. Cost $108.87 Unrealized +106.3%

AMZN AMAZON COM INC 3.1%

Value ($000) $18,054 Shares 79,614 Est. Cost $152.10 Unrealized +50.4%

SSD SIMPSON MFG INC 0.9%

Value ($000) $5,238 Shares 31,797 Est. Cost $178.32 Unrealized -5.4%

TRGP TARGA RES CORP 0.2%

Value ($000) $1,177 Shares 6,300 Est. Cost $59.04 Unrealized +184.7%

PH PARKER-HANNIFIN CORP 0.2%

Value ($000) $1,099 Shares 1,250 Est. Cost $436.53 Unrealized +87.3%

VTR VENTAS INC 0.2%

Value ($000) $1,316 Shares 17,016 Est. Cost $57.92 Unrealized +29.5%

ZTS ZOETIS INC 0.1%

Value ($000) $730 Shares 5,800 Est. Cost $87.19 Unrealized +49.4%

AAPL APPLE INC 0.4%

Value ($000) $2,213 Shares 8,166 Est. Cost $106.85 Unrealized +151.1%

GS GOLDMAN SACHS GROUP INC 0.2%

Value ($000) $1,143 Shares 1,300 Est. Cost $571.74 Unrealized +42.3%

EZU ISHARES INC 0.5%

Value ($000) $2,678 Shares 41,200 Est. Cost $59.61 Unrealized —

ORA ORMAT TECHNOLOGIES INC 0.1%

Value ($000) $569 Shares 5,000 Est. Cost $90.04 Unrealized +21.4%

FEUZ FIRST TR EXCH TRD ALPHDX FD 0.2%

Value ($000) $1,468 Shares 23,600 Est. Cost $55.34 Unrealized —

MCRI MONARCH CASINO & RESORT INC 0.1%

Value ($000) $672 Shares 7,000 Est. Cost $52.37 Unrealized +83.6%

PWR QUANTA SVCS INC 0.2%

Value ($000) $1,121 Shares 2,550 Est. Cost $124.30 Unrealized +253.4%

AM ANTERO MIDSTREAM CORP 0.1%

Value ($000) $538 Shares 30,000 Est. Cost $15.67 Unrealized +13.3%

MAIN MAIN STR CAP CORP 0.2%

Value ($000) $1,050 Shares 17,000 Est. Cost $43.97 Unrealized +34.1%

CPK CHESAPEAKE UTILS CORP 0.1%

Value ($000) $460 Shares 3,700 Est. Cost $103.18 Unrealized +27.3%

BA BOEING CO 0.1%

Value ($000) $806 Shares 3,537 Est. Cost $188.88 Unrealized +8.9%

NG NOVAGOLD RES INC 0.1%

Value ($000) $736 Shares 80,000 Est. Cost $6.12 Unrealized +51.6%

GLD SPDR GOLD TR 0.0%

Value ($000) $256 Shares 644 Est. Cost $354.79 Unrealized —

PAGP PLAINS GP HLDGS L P 0.1%

Value ($000) $388 Shares 20,000 Est. Cost $17.25 Unrealized —

WCN WASTE CONNECTIONS INC 3.2%

Value ($000) $19,215 Shares 110,356 Est. Cost $73.23 Unrealized +136.0%

IVW ISHARES TR 0.2%

Value ($000) $1,231 Shares 9,979 Est. Cost $87.16 Unrealized —

OKE ONEOK INC NEW 0.1%

Value ($000) $572 Shares 7,694 Est. Cost $35.76 Unrealized +97.0%

SCHD SCHWAB STRATEGIC TR 0.1%

Value ($000) $764 Shares 27,552 Est. Cost $39.11 Unrealized —

LAMR LAMAR ADVERTISING CO NEW 0.1%

Value ($000) $319 Shares 2,570 Est. Cost $71.50 Unrealized —

CMF ISHARES TR 0.1%

Value ($000) $777 Shares 13,510 Est. Cost $55.59 Unrealized —

JBLU JETBLUE AWYS CORP 0.0%

Value ($000) $64 Shares 14,000 Est. Cost $6.21 Unrealized -26.5%

TSLA TESLA INC 0.0%

Value ($000) $279 Shares 637 Est. Cost $301.28 Unrealized +47.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHSL CORP NEW	18,232	$15,579	2.6%	$264.81	+242.0%	COM	22160K105
FTAI	FTAI AVIATION LTD	21,950	$4,617	0.8%	$15.67	+986.4%	SHS	G3730V105
ECL	ECOLAB INC	30,617	$8,041	1.4%	$250.89	+5.9%	COM	278865100
CLBT	CELLEBRITE DI LTD	275,315	$4,912	0.8%	$20.03	-10.3%	ORDINARY SHARES	M2197Q107
AMT	AMERICAN TOWER CORP NEW	15,504	$2,710	0.5%	$136.48	+32.1%	COM	03027X100
AMD	ADVANCED MICRO DEVICES INC	4,000	$894	0.2%	$108.87	+106.3%	COM	007903107
AMZN	AMAZON COM INC	79,614	$18,054	3.1%	$152.10	+50.4%	COM	023135106
SSD	SIMPSON MFG INC	31,797	$5,238	0.9%	$178.32	-5.4%	COM	829073105
TRGP	TARGA RES CORP	6,300	$1,177	0.2%	$59.04	+184.7%	COM	87612G101
PH	PARKER-HANNIFIN CORP	1,250	$1,099	0.2%	$436.53	+87.3%	COM	701094104
VTR	VENTAS INC	17,016	$1,316	0.2%	$57.92	+29.5%	COM	92276F100
ZTS	ZOETIS INC	5,800	$730	0.1%	$87.19	+49.4%	CL A	98978V103
AAPL	APPLE INC	8,166	$2,213	0.4%	$106.85	+151.1%	COM	037833100
GS	GOLDMAN SACHS GROUP INC	1,300	$1,143	0.2%	$571.74	+42.3%	COM	38141G104
EZU	ISHARES INC	41,200	$2,678	0.5%	$59.61	—	MSCI EURZONE ETF	464286608
ORA	ORMAT TECHNOLOGIES INC	5,000	$569	0.1%	$90.04	+21.4%	COM	686688102
FEUZ	FIRST TR EXCH TRD ALPHDX FD	23,600	$1,468	0.2%	$55.34	—	EURO ALPHADEX	33737J505
MCRI	MONARCH CASINO & RESORT INC	7,000	$672	0.1%	$52.37	+83.6%	COM	609027107
PWR	QUANTA SVCS INC	2,550	$1,121	0.2%	$124.30	+253.4%	COM	74762E102
AM	ANTERO MIDSTREAM CORP	30,000	$538	0.1%	$15.67	+13.3%	COM	03676B102
MAIN	MAIN STR CAP CORP	17,000	$1,050	0.2%	$43.97	+34.1%	COM	56035L104
CPK	CHESAPEAKE UTILS CORP	3,700	$460	0.1%	$103.18	+27.3%	COM	165303108
BA	BOEING CO	3,537	$806	0.1%	$188.88	+8.9%	COM	097023105
NG	NOVAGOLD RES INC	80,000	$736	0.1%	$6.12	+51.6%	COM NEW	66987E206
GLD	SPDR GOLD TR	644	$256	0.0%	$354.79	—	GOLD SHS	78463V107
PAGP	PLAINS GP HLDGS L P	20,000	$388	0.1%	$17.25	—	LTD PARTNR INT A	72651A207
WCN	WASTE CONNECTIONS INC	110,356	$19,215	3.2%	$73.23	+136.0%	COM	94106B101
IVW	ISHARES TR	9,979	$1,231	0.2%	$87.16	—	S&P 500 GRWT ETF	464287309
OKE	ONEOK INC NEW	7,694	$572	0.1%	$35.76	+97.0%	COM	682680103
SCHD	SCHWAB STRATEGIC TR	27,552	$764	0.1%	$39.11	—	US DIVIDEND EQ	808524797
LAMR	LAMAR ADVERTISING CO NEW	2,570	$319	0.1%	$71.50	—	CL A	512816109
CMF	ISHARES TR	13,510	$777	0.1%	$55.59	—	CALIF MUN BD ETF	464288356
JBLU	JETBLUE AWYS CORP	14,000	$64	0.0%	$6.21	-26.5%	COM	477143101
TSLA	TESLA INC	637	$279	0.0%	$301.28	+47.1%	COM	88160R101