Perennial Advisors, LLC Diversified Active

CIK: 0001697360 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 12, 2026

Total Value ($000): $596,431 (100.0% shares, 0.0% debt)

Holdings (127)

New Positions (5)

LIN LINDE PLC 0.2%

Value ($000) $1,037 Shares 2,431 Est. Cost $427.28 Unrealized 0.0%

VBIL VANGUARD INSTL INDEX FD 0.1%

Value ($000) $864 Shares 11,452 Est. Cost $75.43 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $293 Shares 828 Est. Cost $363.20 Unrealized 0.0%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $204 Shares 232 Est. Cost $813.35 Unrealized 0.0%

DAVA ENDAVA PLC 0.0%

Value ($000) $63 Shares 10,000 Est. Cost $6.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIN	LINDE PLC	2,431	$1,037	0.2%	$427.28	0.0%	SHS	G54950103
VBIL	VANGUARD INSTL INDEX FD	11,452	$864	0.1%	$75.43	—	0-3 MO TREAS BIL	922040845
CEG	CONSTELLATION ENERGY CORP	828	$293	0.0%	$363.20	0.0%	COM	21037T109
GS	GOLDMAN SACHS GROUP INC	232	$204	0.0%	$813.35	0.0%	COM	38141G104
DAVA	ENDAVA PLC	10,000	$63	0.0%	$6.32	—	ADS	29260V105

Increased Positions (58)

NFLX NETFLIX INC 0.8%

Value ($000) $5,000 (+676.6%) Shares 53,327 (+9830.5%) Est. Cost $107.69 Unrealized +0.1%

SPYM SPDR SERIES TRUST 1.4%

Value ($000) $8,085 (+73.9%) Shares 100,781 (+69.8%) Est. Cost $75.98 Unrealized —

GLD SPDR GOLD TR 2.9%

Value ($000) $17,215 (+13.1%) Shares 43,437 (+1.5%) Est. Cost $153.71 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 1.6%

Value ($000) $9,690 (+24.0%) Shares 16,722 (+3.8%) Est. Cost $249.36 Unrealized +126.6%

FDX FEDEX CORP 1.3%

Value ($000) $7,913 (+25.0%) Shares 27,393 (+2.1%) Est. Cost $176.15 Unrealized +48.5%

AMZN AMAZON COM INC 3.4%

Value ($000) $20,531 (+8.3%) Shares 88,950 (+3.0%) Est. Cost $123.39 Unrealized +85.4%

CSCO CISCO SYS INC 1.7%

Value ($000) $10,350 (+14.9%) Shares 134,367 (+2.1%) Est. Cost $36.71 Unrealized +101.0%

JNJ JOHNSON & JOHNSON 1.8%

Value ($000) $10,470 (+13.5%) Shares 50,591 (+1.7%) Est. Cost $110.74 Unrealized +77.9%

AMGN AMGEN INC 1.1%

Value ($000) $6,532 (+19.5%) Shares 19,956 (+3.0%) Est. Cost $156.41 Unrealized +102.0%

USB US BANCORP DEL 1.0%

Value ($000) $5,928 (+18.1%) Shares 111,087 (+7.0%) Est. Cost $40.87 Unrealized +19.2%

JPST J P MORGAN EXCHANGE TRADED F 1.7%

Value ($000) $10,163 (+7.8%) Shares 200,875 (+8.1%) Est. Cost $50.53 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.6%

Value ($000) $3,440 (+25.9%) Shares 55,069 (+20.8%) Est. Cost $49.46 Unrealized —

HD HOME DEPOT INC 0.8%

Value ($000) $5,029 (-12.1%) Shares 14,616 (+3.4%) Est. Cost $250.20 Unrealized +45.7%

V VISA INC 2.2%

Value ($000) $13,287 (+5.2%) Shares 37,886 (+2.4%) Est. Cost $108.84 Unrealized +212.7%

JPM JPMORGAN CHASE & CO. 3.1%

Value ($000) $18,223 (+3.3%) Shares 56,555 (+1.1%) Est. Cost $82.65 Unrealized +274.5%

TJX TJX COS INC NEW 0.8%

Value ($000) $5,028 (+11.5%) Shares 32,735 (+4.9%) Est. Cost $98.31 Unrealized +50.2%

ASML ASML HOLDING N V 0.4%

Value ($000) $2,649 (+21.2%) Shares 2,476 (+9.7%) Est. Cost $773.58 Unrealized —

XYL XYLEM INC 1.1%

Value ($000) $6,840 (-6.1%) Shares 50,228 (+1.7%) Est. Cost $65.28 Unrealized +120.0%

SPY SPDR S&P 500 ETF TR 1.4%

Value ($000) $8,380 (+5.3%) Shares 12,289 (+2.9%) Est. Cost $455.30 Unrealized —

MCD MCDONALDS CORP 1.4%

Value ($000) $8,491 (+5.1%) Shares 27,780 (+4.5%) Est. Cost $150.87 Unrealized +102.2%

SHY ISHARES TR 0.6%

Value ($000) $3,517 (+12.1%) Shares 42,466 (+12.3%) Est. Cost $82.08 Unrealized —

FLOT ISHARES TR 1.5%

Value ($000) $8,707 (+4.4%) Shares 171,191 (+4.9%) Est. Cost $50.73 Unrealized —

DIS DISNEY WALT CO 1.3%

Value ($000) $7,477 (+5.1%) Shares 65,721 (+5.8%) Est. Cost $106.33 Unrealized +3.0%

VTI VANGUARD INDEX FDS 1.0%

Value ($000) $6,043 (+5.7%) Shares 18,024 (+3.5%) Est. Cost $199.35 Unrealized —

MDT MEDTRONIC PLC 1.0%

Value ($000) $5,940 (+5.8%) Shares 61,832 (+4.9%) Est. Cost $75.70 Unrealized +28.3%

MA MASTERCARD INCORPORATED 2.4%

Value ($000) $14,213 (+2.3%) Shares 24,897 (+1.9%) Est. Cost $132.06 Unrealized +323.2%

ARCC ARES CAPITAL CORP 0.8%

Value ($000) $4,672 (+6.1%) Shares 230,925 (+7.1%) Est. Cost $11.74 Unrealized +68.6%

JMUB J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $897 (+41.3%) Shares 17,760 (+41.2%) Est. Cost $50.65 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.4%

Value ($000) $2,673 (+10.4%) Shares 127,309 (+10.0%) Est. Cost $21.87 Unrealized —

SHV ISHARES TR 0.3%

Value ($000) $1,590 (+18.3%) Shares 14,431 (+18.7%) Est. Cost $110.41 Unrealized —

GD GENERAL DYNAMICS CORP 1.4%

Value ($000) $8,626 (+2.4%) Shares 25,621 (+3.7%) Est. Cost $171.08 Unrealized +99.2%

SBUX STARBUCKS CORP 0.8%

Value ($000) $4,823 (+4.0%) Shares 57,275 (+4.5%) Est. Cost $65.51 Unrealized +28.3%

META META PLATFORMS INC 2.0%

Value ($000) $11,848 (-1.4%) Shares 17,949 (+9.7%) Est. Cost $589.97 Unrealized +13.1%

HON HONEYWELL INTL INC 1.5%

Value ($000) $8,850 (-1.9%) Shares 45,364 (+5.9%) Est. Cost $124.51 Unrealized +56.6%

NBIS NEBIUS GROUP N.V. 0.1%

Value ($000) $437 (-24.6%) Shares 5,215 (+1.2%) Est. Cost $35.22 Unrealized +194.2%

PFF ISHARES TR 0.7%

Value ($000) $4,016 (+3.6%) Shares 129,731 (+5.8%) Est. Cost $32.97 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.7%

Value ($000) $3,982 (+3.3%) Shares 78,171 (+3.5%) Est. Cost $50.69 Unrealized —

NKE NIKE INC 0.4%

Value ($000) $2,451 (+5.4%) Shares 38,468 (+15.3%) Est. Cost $84.99 Unrealized -23.6%

VCSH VANGUARD SCOTTSDALE FDS 1.1%

Value ($000) $6,589 (+1.7%) Shares 82,642 (+1.9%) Est. Cost $80.96 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.1%

Value ($000) $467 (-18.7%) Shares 9,415 (+6.4%) Est. Cost $55.41 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 0.7%

Value ($000) $4,107 (+2.6%) Shares 49,039 (+3.0%) Est. Cost $88.05 Unrealized —

NYF ISHARES TR 0.2%

Value ($000) $1,438 (+7.4%) Shares 26,870 (+7.0%) Est. Cost $53.36 Unrealized —

UNP UNION PAC CORP 1.4%

Value ($000) $8,446 (+1.0%) Shares 36,514 (+3.2%) Est. Cost $127.01 Unrealized +79.0%

CRM SALESFORCE INC 0.1%

Value ($000) $574 (+13.1%) Shares 2,167 (+1.2%) Est. Cost $305.15 Unrealized -18.7%

AWK AMERICAN WTR WKS CO INC NEW 1.1%

Value ($000) $6,411 (+1.0%) Shares 49,127 (+7.7%) Est. Cost $95.03 Unrealized +40.1%

PEP PEPSICO INC 0.1%

Value ($000) $613 (+9.9%) Shares 4,269 (+7.6%) Est. Cost $143.65 Unrealized +1.6%

VXF VANGUARD INDEX FDS 0.1%

Value ($000) $861 (+5.6%) Shares 4,116 (+5.7%) Est. Cost $174.56 Unrealized —

SPGM SPDR INDEX SHS FDS 0.1%

Value ($000) $411 (+7.5%) Shares 5,355 (+5.0%) Est. Cost $71.02 Unrealized —

EFA ISHARES TR 0.0%

Value ($000) $224 (+8.9%) Shares 2,335 (+5.9%) Est. Cost $93.52 Unrealized —

SGOV ISHARES TR 0.1%

Value ($000) $549 (+3.1%) Shares 5,471 (+3.5%) Est. Cost $100.68 Unrealized —

BX BLACKSTONE INC 0.1%

Value ($000) $311 (-5.1%) Shares 2,017 (+5.2%) Est. Cost $157.85 Unrealized -4.0%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $235 (+6.4%) Shares 1,641 (+14.1%) Est. Cost $161.87 Unrealized -9.1%

KKR KKR & CO INC 2.4%

Value ($000) $14,595 (+0.1%) Shares 114,488 (+2.0%) Est. Cost $27.29 Unrealized +355.4%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $250 (+2.4%) Shares 517 (+5.7%) Est. Cost $449.80 Unrealized +5.9%

— SABA CAPITAL INCOME & OPRNT 0.0%

Value ($000) $73 (-6.5%) Shares 10,387 (+3.6%) Est. Cost $7.74 Unrealized —

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $276 (-1.7%) Shares 1,500 (+8.7%) Est. Cost $186.26 Unrealized +8.3%

BWXT BWX TECHNOLOGIES INC 0.1%

Value ($000) $523 (+0.7%) Shares 3,024 (+7.5%) Est. Cost $140.06 Unrealized +33.8%

BLK BLACKROCK INC 0.0%

Value ($000) $253 (-0.4%) Shares 236 (+8.3%) Est. Cost $971.57 Unrealized +12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	53,327 (+9830.5%)	$5,000 (+676.6%)	0.8%	$107.69	+0.1%	COM	64110L106
SPYM	SPDR SERIES TRUST	100,781 (+69.8%)	$8,085 (+73.9%)	1.4%	$75.98	—	STATE STREET SPD	78464A854
GLD	SPDR GOLD TR	43,437 (+1.5%)	$17,215 (+13.1%)	2.9%	$153.71	—	GOLD SHS	78463V107
TMO	THERMO FISHER SCIENTIFIC INC	16,722 (+3.8%)	$9,690 (+24.0%)	1.6%	$249.36	+126.6%	COM	883556102
FDX	FEDEX CORP	27,393 (+2.1%)	$7,913 (+25.0%)	1.3%	$176.15	+48.5%	COM	31428X106
AMZN	AMAZON COM INC	88,950 (+3.0%)	$20,531 (+8.3%)	3.4%	$123.39	+85.4%	COM	023135106
CSCO	CISCO SYS INC	134,367 (+2.1%)	$10,350 (+14.9%)	1.7%	$36.71	+101.0%	COM	17275R102
JNJ	JOHNSON & JOHNSON	50,591 (+1.7%)	$10,470 (+13.5%)	1.8%	$110.74	+77.9%	COM	478160104
AMGN	AMGEN INC	19,956 (+3.0%)	$6,532 (+19.5%)	1.1%	$156.41	+102.0%	COM	031162100
USB	US BANCORP DEL	111,087 (+7.0%)	$5,928 (+18.1%)	1.0%	$40.87	+19.2%	COM NEW	902973304
JPST	J P MORGAN EXCHANGE TRADED F	200,875 (+8.1%)	$10,163 (+7.8%)	1.7%	$50.53	—	ULTRA SHRT ETF	46641Q837
VEA	VANGUARD TAX-MANAGED FDS	55,069 (+20.8%)	$3,440 (+25.9%)	0.6%	$49.46	—	VAN FTSE DEV MKT	921943858
HD	HOME DEPOT INC	14,616 (+3.4%)	$5,029 (-12.1%)	0.8%	$250.20	+45.7%	COM	437076102
V	VISA INC	37,886 (+2.4%)	$13,287 (+5.2%)	2.2%	$108.84	+212.7%	COM CL A	92826C839
JPM	JPMORGAN CHASE & CO.	56,555 (+1.1%)	$18,223 (+3.3%)	3.1%	$82.65	+274.5%	COM	46625H100
TJX	TJX COS INC NEW	32,735 (+4.9%)	$5,028 (+11.5%)	0.8%	$98.31	+50.2%	COM	872540109
ASML	ASML HOLDING N V	2,476 (+9.7%)	$2,649 (+21.2%)	0.4%	$773.58	—	N Y REGISTRY SHS	N07059210
XYL	XYLEM INC	50,228 (+1.7%)	$6,840 (-6.1%)	1.1%	$65.28	+120.0%	COM	98419M100
SPY	SPDR S&P 500 ETF TR	12,289 (+2.9%)	$8,380 (+5.3%)	1.4%	$455.30	—	TR UNIT	78462F103
MCD	MCDONALDS CORP	27,780 (+4.5%)	$8,491 (+5.1%)	1.4%	$150.87	+102.2%	COM	580135101
SHY	ISHARES TR	42,466 (+12.3%)	$3,517 (+12.1%)	0.6%	$82.08	—	1 3 YR TREAS BD	464287457
FLOT	ISHARES TR	171,191 (+4.9%)	$8,707 (+4.4%)	1.5%	$50.73	—	FLTG RATE NT ETF	46429B655
DIS	DISNEY WALT CO	65,721 (+5.8%)	$7,477 (+5.1%)	1.3%	$106.33	+3.0%	COM	254687106
VTI	VANGUARD INDEX FDS	18,024 (+3.5%)	$6,043 (+5.7%)	1.0%	$199.35	—	TOTAL STK MKT	922908769
MDT	MEDTRONIC PLC	61,832 (+4.9%)	$5,940 (+5.8%)	1.0%	$75.70	+28.3%	SHS	G5960L103
MA	MASTERCARD INCORPORATED	24,897 (+1.9%)	$14,213 (+2.3%)	2.4%	$132.06	+323.2%	CL A	57636Q104
ARCC	ARES CAPITAL CORP	230,925 (+7.1%)	$4,672 (+6.1%)	0.8%	$11.74	+68.6%	COM	04010L103
JMUB	J P MORGAN EXCHANGE TRADED F	17,760 (+41.2%)	$897 (+41.3%)	0.2%	$50.65	—	MUNICIPAL ETF	46641Q647
BKLN	INVESCO EXCH TRADED FD TR II	127,309 (+10.0%)	$2,673 (+10.4%)	0.4%	$21.87	—	SR LN ETF	46138G508
SHV	ISHARES TR	14,431 (+18.7%)	$1,590 (+18.3%)	0.3%	$110.41	—	TRUST ISHARE 0-1	464288679
GD	GENERAL DYNAMICS CORP	25,621 (+3.7%)	$8,626 (+2.4%)	1.4%	$171.08	+99.2%	COM	369550108
SBUX	STARBUCKS CORP	57,275 (+4.5%)	$4,823 (+4.0%)	0.8%	$65.51	+28.3%	COM	855244109
META	META PLATFORMS INC	17,949 (+9.7%)	$11,848 (-1.4%)	2.0%	$589.97	+13.1%	CL A	30303M102
HON	HONEYWELL INTL INC	45,364 (+5.9%)	$8,850 (-1.9%)	1.5%	$124.51	+56.6%	COM	438516106
NBIS	NEBIUS GROUP N.V.	5,215 (+1.2%)	$437 (-24.6%)	0.1%	$35.22	+194.2%	SHS CLASS A	N97284108
PFF	ISHARES TR	129,731 (+5.8%)	$4,016 (+3.6%)	0.7%	$32.97	—	PFD AND INCM SEC	464288687
JMST	J P MORGAN EXCHANGE TRADED F	78,171 (+3.5%)	$3,982 (+3.3%)	0.7%	$50.69	—	ULTRA SHT MUNCPL	46641Q654
NKE	NIKE INC	38,468 (+15.3%)	$2,451 (+5.4%)	0.4%	$84.99	-23.6%	CL B	654106103
VCSH	VANGUARD SCOTTSDALE FDS	82,642 (+1.9%)	$6,589 (+1.7%)	1.1%	$80.96	—	SHRT TRM CORP BD	92206C409
IBIT	ISHARES BITCOIN TRUST ETF	9,415 (+6.4%)	$467 (-18.7%)	0.1%	$55.41	—	SHS BEN INT	46438F101
VCIT	VANGUARD SCOTTSDALE FDS	49,039 (+3.0%)	$4,107 (+2.6%)	0.7%	$88.05	—	INT-TERM CORP	92206C870
NYF	ISHARES TR	26,870 (+7.0%)	$1,438 (+7.4%)	0.2%	$53.36	—	NEW YORK MUN ETF	464288323
UNP	UNION PAC CORP	36,514 (+3.2%)	$8,446 (+1.0%)	1.4%	$127.01	+79.0%	COM	907818108
CRM	SALESFORCE INC	2,167 (+1.2%)	$574 (+13.1%)	0.1%	$305.15	-18.7%	COM	79466L302
AWK	AMERICAN WTR WKS CO INC NEW	49,127 (+7.7%)	$6,411 (+1.0%)	1.1%	$95.03	+40.1%	COM	030420103
PEP	PEPSICO INC	4,269 (+7.6%)	$613 (+9.9%)	0.1%	$143.65	+1.6%	COM	713448108
VXF	VANGUARD INDEX FDS	4,116 (+5.7%)	$861 (+5.6%)	0.1%	$174.56	—	EXTEND MKT ETF	922908652
SPGM	SPDR INDEX SHS FDS	5,355 (+5.0%)	$411 (+7.5%)	0.1%	$71.02	—	PORTFLI MSCI GBL	78463X475
EFA	ISHARES TR	2,335 (+5.9%)	$224 (+8.9%)	0.0%	$93.52	—	MSCI EAFE ETF	464287465
SGOV	ISHARES TR	5,471 (+3.5%)	$549 (+3.1%)	0.1%	$100.68	—	0-3 MNTH TREASRY	46436E718
BX	BLACKSTONE INC	2,017 (+5.2%)	$311 (-5.1%)	0.1%	$157.85	-4.0%	COM	09260D107
PG	PROCTER AND GAMBLE CO	1,641 (+14.1%)	$235 (+6.4%)	0.0%	$161.87	-9.1%	COM	742718109
KKR	KKR & CO INC	114,488 (+2.0%)	$14,595 (+0.1%)	2.4%	$27.29	+355.4%	COM	48251W104
LMT	LOCKHEED MARTIN CORP	517 (+5.7%)	$250 (+2.4%)	0.0%	$449.80	+5.9%	COM	539830109
—	SABA CAPITAL INCOME & OPRNT	10,387 (+3.6%)	$73 (-6.5%)	0.0%	$7.74	—	SHS NEW	78518H202
PANW	PALO ALTO NETWORKS INC	1,500 (+8.7%)	$276 (-1.7%)	0.0%	$186.26	+8.3%	COM	697435105
BWXT	BWX TECHNOLOGIES INC	3,024 (+7.5%)	$523 (+0.7%)	0.1%	$140.06	+33.8%	COM	05605H100
BLK	BLACKROCK INC	236 (+8.3%)	$253 (-0.4%)	0.0%	$971.57	+12.1%	COM	09290D101

Exited Positions (4)

ADBE ADOBE INC 0.6%

Value ($000) $3,390 Shares 9,611 Est. Cost $476.15 Unrealized -28.6%

SPTS SPDR SERIES TRUST 0.1%

Value ($000) $880 Shares 30,000 Est. Cost $29.29 Unrealized —

CCCX CHURCHILL CAP CORP X 0.1%

Value ($000) $322 Shares 25,000 Est. Cost $12.86 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $250 Shares 6,367 Est. Cost $54.28 Unrealized -33.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	9,611	$3,390	0.6%	$476.15	-28.6%	—	00724F101
SPTS	SPDR SERIES TRUST	30,000	$880	0.1%	$29.29	—	—	78468R101
CCCX	CHURCHILL CAP CORP X	25,000	$322	0.1%	$12.86	—	—	G2130T108
CMG	CHIPOTLE MEXICAN GRILL INC	6,367	$250	0.0%	$54.28	-33.4%	—	169656105

Decreased Positions (19)

FISV FISERV INC 0.4%

Value ($000) $2,109 (-78.1%) Shares 31,393 (-57.9%) Est. Cost $70.91 Unrealized +18.3%

APD AIR PRODS & CHEMS INC 0.3%

Value ($000) $1,851 (-76.9%) Shares 7,492 (-74.4%) Est. Cost $188.84 Unrealized +33.3%

APH AMPHENOL CORP NEW 3.9%

Value ($000) $23,516 (+8.1%) Shares 174,010 (-1.0%) Est. Cost $43.79 Unrealized +205.0%

AMAT APPLIED MATLS INC 0.9%

Value ($000) $5,620 (+22.1%) Shares 21,868 (-2.7%) Est. Cost $137.07 Unrealized +74.7%

NVDA NVIDIA CORPORATION 4.2%

Value ($000) $24,795 (-3.1%) Shares 132,949 (-3.1%) Est. Cost $93.38 Unrealized +99.3%

ZTS ZOETIS INC 0.6%

Value ($000) $3,565 (-16.3%) Shares 28,333 (-2.6%) Est. Cost $148.32 Unrealized -12.2%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $779 (-31.9%) Shares 1,242 (-33.5%) Est. Cost $513.91 Unrealized —

LEA LEAR CORP 0.6%

Value ($000) $3,673 (+9.2%) Shares 32,049 (-4.2%) Est. Cost $120.53 Unrealized -11.8%

QQQ INVESCO QQQ TR 0.5%

Value ($000) $2,760 (-5.0%) Shares 4,493 (-7.1%) Est. Cost $378.66 Unrealized —

SPSB SPDR SERIES TRUST 0.0%

Value ($000) $237 (-34.1%) Shares 7,840 (-33.9%) Est. Cost $30.19 Unrealized —

KLAC KLA CORP 0.2%

Value ($000) $1,154 (+8.2%) Shares 950 (-3.9%) Est. Cost $714.90 Unrealized +63.9%

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $319 (-18.3%) Shares 1,240 (-6.8%) Est. Cost $295.41 Unrealized -10.4%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $599 (-8.0%) Shares 3,927 (-6.3%) Est. Cost $150.48 Unrealized +0.6%

CMCSA COMCAST CORP NEW 0.0%

Value ($000) $262 (-14.6%) Shares 8,779 (-10.2%) Est. Cost $35.84 Unrealized -20.4%

STGW STAGWELL INC 0.0%

Value ($000) $137 (-18.9%) Shares 28,000 (-6.7%) Est. Cost $7.51 Unrealized -30.7%

LRCX LAM RESEARCH CORP 0.4%

Value ($000) $2,659 (+0.7%) Shares 15,535 (-21.2%) Est. Cost $74.98 Unrealized +107.2%

WBD WARNER BROS DISCOVERY INC 0.0%

Value ($000) $237 (+8.1%) Shares 8,209 (-26.8%) Est. Cost $9.33 Unrealized +150.6%

STT STATE STR CORP 0.0%

Value ($000) $248 (+7.0%) Shares 1,923 (-3.8%) Est. Cost $90.57 Unrealized +31.4%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $422 (+2.8%) Shares 1,425 (-2.1%) Est. Cost $259.55 Unrealized +15.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	31,393 (-57.9%)	$2,109 (-78.1%)	0.4%	$70.91	+18.3%	COM	337738108
APD	AIR PRODS & CHEMS INC	7,492 (-74.4%)	$1,851 (-76.9%)	0.3%	$188.84	+33.3%	COM	009158106
APH	AMPHENOL CORP NEW	174,010 (-1.0%)	$23,516 (+8.1%)	3.9%	$43.79	+205.0%	CL A	032095101
AMAT	APPLIED MATLS INC	21,868 (-2.7%)	$5,620 (+22.1%)	0.9%	$137.07	+74.7%	COM	038222105
NVDA	NVIDIA CORPORATION	132,949 (-3.1%)	$24,795 (-3.1%)	4.2%	$93.38	+99.3%	COM	67066G104
ZTS	ZOETIS INC	28,333 (-2.6%)	$3,565 (-16.3%)	0.6%	$148.32	-12.2%	CL A	98978V103
VOO	VANGUARD INDEX FDS	1,242 (-33.5%)	$779 (-31.9%)	0.1%	$513.91	—	S&P 500 ETF SHS	922908363
LEA	LEAR CORP	32,049 (-4.2%)	$3,673 (+9.2%)	0.6%	$120.53	-11.8%	COM NEW	521865204
QQQ	INVESCO QQQ TR	4,493 (-7.1%)	$2,760 (-5.0%)	0.5%	$378.66	—	UNIT SER 1	46090E103
SPSB	SPDR SERIES TRUST	7,840 (-33.9%)	$237 (-34.1%)	0.0%	$30.19	—	STATE STREET SPD	78464A474
KLAC	KLA CORP	950 (-3.9%)	$1,154 (+8.2%)	0.2%	$714.90	+63.9%	COM NEW	482480100
ADP	AUTOMATIC DATA PROCESSING IN	1,240 (-6.8%)	$319 (-18.3%)	0.1%	$295.41	-10.4%	COM	053015103
CVX	CHEVRON CORP NEW	3,927 (-6.3%)	$599 (-8.0%)	0.1%	$150.48	+0.6%	COM	166764100
CMCSA	COMCAST CORP NEW	8,779 (-10.2%)	$262 (-14.6%)	0.0%	$35.84	-20.4%	CL A	20030N101
STGW	STAGWELL INC	28,000 (-6.7%)	$137 (-18.9%)	0.0%	$7.51	-30.7%	COM CL A	85256A109
LRCX	LAM RESEARCH CORP	15,535 (-21.2%)	$2,659 (+0.7%)	0.4%	$74.98	+107.2%	COM NEW	512807306
WBD	WARNER BROS DISCOVERY INC	8,209 (-26.8%)	$237 (+8.1%)	0.0%	$9.33	+150.6%	COM SER A	934423104
STT	STATE STR CORP	1,923 (-3.8%)	$248 (+7.0%)	0.0%	$90.57	+31.4%	COM	857477103
IBM	INTERNATIONAL BUSINESS MACHS	1,425 (-2.1%)	$422 (+2.8%)	0.1%	$259.55	+15.1%	COM	459200101

Unchanged Positions (45)

GOOG ALPHABET INC 4.8%

Value ($000) $28,457 Shares 90,684 Est. Cost $107.26 Unrealized +167.0%

AAPL APPLE INC 5.6%

Value ($000) $33,161 Shares 121,978 Est. Cost $95.84 Unrealized +180.0%

MSFT MICROSOFT CORP 6.0%

Value ($000) $35,942 Shares 74,318 Est. Cost $136.51 Unrealized +266.7%

AXP AMERICAN EXPRESS CO 3.0%

Value ($000) $18,026 Shares 48,724 Est. Cost $82.21 Unrealized +334.2%

COST COSTCO WHSL CORP NEW 1.9%

Value ($000) $11,537 Shares 13,379 Est. Cost $162.02 Unrealized +459.0%

FAST FASTENAL CO 0.5%

Value ($000) $3,115 Shares 77,625 Est. Cost $29.38 Unrealized +43.0%

GOOGL ALPHABET INC 0.5%

Value ($000) $2,917 Shares 9,318 Est. Cost $180.70 Unrealized +58.1%

MDLZ MONDELEZ INTL INC 0.7%

Value ($000) $3,931 Shares 73,015 Est. Cost $60.51 Unrealized -5.7%

NVS NOVARTIS AG 1.0%

Value ($000) $5,838 Shares 42,344 Est. Cost $86.04 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.7%

Value ($000) $4,195 Shares 102,994 Est. Cost $37.10 Unrealized +9.1%

CENX CENTURY ALUM CO 0.1%

Value ($000) $759 Shares 19,368 Est. Cost $7.85 Unrealized +298.2%

EXP EAGLE MATLS INC 0.2%

Value ($000) $1,053 Shares 5,093 Est. Cost $236.06 Unrealized -6.6%

SLV ISHARES SILVER TR 0.1%

Value ($000) $318 Shares 4,934 Est. Cost $42.37 Unrealized —

WFC WELLS FARGO CO NEW 0.2%

Value ($000) $944 Shares 10,126 Est. Cost $37.64 Unrealized +130.1%

ETN EATON CORP PLC 0.1%

Value ($000) $482 Shares 1,514 Est. Cost $308.54 Unrealized +14.9%

MRK MERCK & CO INC 0.1%

Value ($000) $397 Shares 3,774 Est. Cost $90.12 Unrealized +3.5%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $1,227 Shares 10,194 Est. Cost $48.27 Unrealized +139.2%

HPQ HP INC 0.1%

Value ($000) $301 Shares 13,500 Est. Cost $27.12 Unrealized -6.9%

ASPI ASP ISOTOPES INC 0.0%

Value ($000) $80 Shares 15,000 Est. Cost $6.71 Unrealized +18.6%

ROP ROPER TECHNOLOGIES INC 0.0%

Value ($000) $292 Shares 656 Est. Cost $557.47 Unrealized -17.1%

T AT&T INC 0.0%

Value ($000) $251 Shares 10,095 Est. Cost $14.91 Unrealized +69.6%

GATX GATX CORP 0.2%

Value ($000) $1,014 Shares 5,978 Est. Cost $157.11 Unrealized +4.6%

BAC BANK AMERICA CORP 0.1%

Value ($000) $471 Shares 8,562 Est. Cost $43.62 Unrealized +20.7%

AVGO BROADCOM INC 0.1%

Value ($000) $516 Shares 1,490 Est. Cost $238.94 Unrealized +49.4%

SMHI SEACOR MARINE HLDGS INC 0.0%

Value ($000) $277 Shares 46,038 Est. Cost $9.12 Unrealized -27.5%

APO APOLLO GLOBAL MGMT INC 0.0%

Value ($000) $261 Shares 1,800 Est. Cost $131.37 Unrealized +0.9%

BRK/A BERKSHIRE HATHAWAY INC DEL 4.2%

Value ($000) $24,908 Shares 33 Est. Cost $729330.75 Unrealized +2.3%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.0%

Value ($000) $243 Shares 800 Est. Cost $279.29 Unrealized —

WMB WILLIAMS COS INC 0.0%

Value ($000) $249 Shares 4,145 Est. Cost $55.43 Unrealized +8.4%

VT VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $473 Shares 3,355 Est. Cost $115.95 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $270 Shares 1,520 Est. Cost $162.07 Unrealized +11.7%

SCHB SCHWAB STRATEGIC TR 0.1%

Value ($000) $708 Shares 27,006 Est. Cost $34.63 Unrealized —

FELG FIDELITY COVINGTON TRUST 0.1%

Value ($000) $529 Shares 12,675 Est. Cost $26.23 Unrealized —

MMM 3M CO 0.0%

Value ($000) $232 Shares 1,451 Est. Cost $144.58 Unrealized +12.9%

XLF SELECT SECTOR SPDR TR 0.1%

Value ($000) $400 Shares 7,298 Est. Cost $49.98 Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 0.0%

Value ($000) $265 Shares 11,030 Est. Cost $14.20 Unrealized +65.0%

IVE ISHARES TR 0.0%

Value ($000) $208 Shares 979 Est. Cost $206.51 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $438 Shares 975 Est. Cost $334.85 Unrealized +32.4%

IWF ISHARES TR 0.1%

Value ($000) $448 Shares 946 Est. Cost $360.95 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $519 Shares 390 Est. Cost $1247.54 Unrealized +5.1%

VTOL BRISTOW GROUP INC 0.0%

Value ($000) $257 Shares 7,025 Est. Cost $34.32 Unrealized +9.7%

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $332 Shares 62 Est. Cost $4749.08 Unrealized +8.2%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $208 Shares 1,019 Est. Cost $165.25 Unrealized +22.1%

BA BOEING CO 0.0%

Value ($000) $233 Shares 1,071 Est. Cost $188.88 Unrealized +8.9%

VTEB VANGUARD MUN BD FDS 0.2%

Value ($000) $1,138 Shares 22,637 Est. Cost $48.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	90,684	$28,457	4.8%	$107.26	+167.0%	CAP STK CL C	02079K107
AAPL	APPLE INC	121,978	$33,161	5.6%	$95.84	+180.0%	COM	037833100
MSFT	MICROSOFT CORP	74,318	$35,942	6.0%	$136.51	+266.7%	COM	594918104
AXP	AMERICAN EXPRESS CO	48,724	$18,026	3.0%	$82.21	+334.2%	COM	025816109
COST	COSTCO WHSL CORP NEW	13,379	$11,537	1.9%	$162.02	+459.0%	COM	22160K105
FAST	FASTENAL CO	77,625	$3,115	0.5%	$29.38	+43.0%	COM	311900104
GOOGL	ALPHABET INC	9,318	$2,917	0.5%	$180.70	+58.1%	CAP STK CL A	02079K305
MDLZ	MONDELEZ INTL INC	73,015	$3,931	0.7%	$60.51	-5.7%	CL A	609207105
NVS	NOVARTIS AG	42,344	$5,838	1.0%	$86.04	—	SPONSORED ADR	66987V109
VZ	VERIZON COMMUNICATIONS INC	102,994	$4,195	0.7%	$37.10	+9.1%	COM	92343V104
CENX	CENTURY ALUM CO	19,368	$759	0.1%	$7.85	+298.2%	COM	156431108
EXP	EAGLE MATLS INC	5,093	$1,053	0.2%	$236.06	-6.6%	COM	26969P108
SLV	ISHARES SILVER TR	4,934	$318	0.1%	$42.37	—	ISHARES	46428Q109
WFC	WELLS FARGO CO NEW	10,126	$944	0.2%	$37.64	+130.1%	COM	949746101
ETN	EATON CORP PLC	1,514	$482	0.1%	$308.54	+14.9%	SHS	G29183103
MRK	MERCK & CO INC	3,774	$397	0.1%	$90.12	+3.5%	COM	58933Y105
XOM	EXXON MOBIL CORP	10,194	$1,227	0.2%	$48.27	+139.2%	COM	30231G102
HPQ	HP INC	13,500	$301	0.1%	$27.12	-6.9%	COM	40434L105
ASPI	ASP ISOTOPES INC	15,000	$80	0.0%	$6.71	+18.6%	COM	00218A105
ROP	ROPER TECHNOLOGIES INC	656	$292	0.0%	$557.47	-17.1%	COM	776696106
T	AT&T INC	10,095	$251	0.0%	$14.91	+69.6%	COM	00206R102
GATX	GATX CORP	5,978	$1,014	0.2%	$157.11	+4.6%	COM	361448103
BAC	BANK AMERICA CORP	8,562	$471	0.1%	$43.62	+20.7%	COM	060505104
AVGO	BROADCOM INC	1,490	$516	0.1%	$238.94	+49.4%	COM	11135F101
SMHI	SEACOR MARINE HLDGS INC	46,038	$277	0.0%	$9.12	-27.5%	COM	78413P101
APO	APOLLO GLOBAL MGMT INC	1,800	$261	0.0%	$131.37	+0.9%	COM	03769M106
BRK/A	BERKSHIRE HATHAWAY INC DEL	33	$24,908	4.2%	$729330.75	+2.3%	CL A	084670108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	800	$243	0.0%	$279.29	—	SPONSORED ADS	874039100
WMB	WILLIAMS COS INC	4,145	$249	0.0%	$55.43	+8.4%	COM	969457100
VT	VANGUARD INTL EQUITY INDEX F	3,355	$473	0.1%	$115.95	—	TT WRLD ST ETF	922042742
PLTR	PALANTIR TECHNOLOGIES INC	1,520	$270	0.0%	$162.07	+11.7%	CL A	69608A108
SCHB	SCHWAB STRATEGIC TR	27,006	$708	0.1%	$34.63	—	US BRD MKT ETF	808524102
FELG	FIDELITY COVINGTON TRUST	12,675	$529	0.1%	$26.23	—	ENHANCED LARGE	31609A305
MMM	3M CO	1,451	$232	0.0%	$144.58	+12.9%	COM	88579Y101
XLF	SELECT SECTOR SPDR TR	7,298	$400	0.1%	$49.98	—	STATE STREET FIN	81369Y605
HPE	HEWLETT PACKARD ENTERPRISE C	11,030	$265	0.0%	$14.20	+65.0%	COM	42824C109
IVE	ISHARES TR	979	$208	0.0%	$206.51	—	S&P 500 VAL ETF	464287408
TSLA	TESLA INC	975	$438	0.1%	$334.85	+32.4%	COM	88160R101
IWF	ISHARES TR	946	$448	0.1%	$360.95	—	RUS 1000 GRW ETF	464287614
TDG	TRANSDIGM GROUP INC	390	$519	0.1%	$1247.54	+5.1%	COM	893641100
VTOL	BRISTOW GROUP INC	7,025	$257	0.0%	$34.32	+9.7%	COM	11040G103
BKNG	BOOKING HOLDINGS INC	62	$332	0.1%	$4749.08	+8.2%	COM	09857L108
EA	ELECTRONIC ARTS INC	1,019	$208	0.0%	$165.25	+22.1%	COM	285512109
BA	BOEING CO	1,071	$233	0.0%	$188.88	+8.9%	COM	097023105
VTEB	VANGUARD MUN BD FDS	22,637	$1,138	0.2%	$48.93	—	TAX EXEMPT BD	922907746