Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTEB	VANGUARD MUN BD FDS	647,007 (+81.1%)	$32.73M (+83.6%)	5.0%	$50.30	—	TAX EXEMPT BD	922907746
TM	TOYOTA MOTOR CORP	93,585 (+77.9%)	$15.76M (+45.4%)	2.4%	$173.67	—	ADS	892331307
CVX	CHEVRON CORPORATION	72,792 (+69.1%)	$12.07M (+35.5%)	1.8%	$145.70	—	COM	166764100
XOM	EXXON MOBIL CORP	113,199 (+51.8%)	$15.48M (+22.3%)	2.4%	$109.39	—	COM	30231G102
MRK	MERCK & CO INC	179,799 (+5.5%)	$23.1M (+12.7%)	3.5%	$85.67	—	COM	58933Y105
SHEL	SHELL PLC	84,239 (+99.6%)	$6.532M (+66.5%)	1.0%	$69.80	—	SPON ADS	780259305
TTE	TOTALENERGIES SE	82,011 (+92.2%)	$6.377M (+64.3%)	1.0%	$70.20	—	ACT	F92124100
IBM	INTERNATIONAL BUSINESS MACHS	22,090 (+39.8%)	$6.212M (+62.2%)	1.0%	$270.47	—	COM	459200101
NVO	NOVO-NORDISK A S	184,608 (+4.0%)	$8.85M (+35.7%)	1.4%	$58.76	—	ADR	670100205
BP	BP PLC	197,357 (+78.7%)	$7.292M (+40.5%)	1.1%	$32.60	—	SPONSORED ADR	055622104
V	VISA INC	29,351 (+11.2%)	$10.07M (+26.3%)	1.5%	$322.64	—	COM CL A	92826C839
PG	PROCTER & GAMBLE CO	47,511 (+34.0%)	$6.967M (+36.1%)	1.1%	$145.25	—	COM	742718109
HDB	HDFC BANK LTD	199,760 (+48.3%)	$5.16M (+53.9%)	0.8%	$32.74	—	SPONSORED ADS	40415F101
MSFT	MICROSOFT CORP	45,971 (+7.3%)	$17.15M (+8.1%)	2.6%	$404.79	—	COM	594918104
MDT	MEDTRONIC PLC	74,654 (+39.7%)	$5.84M (+26.1%)	0.9%	$80.89	—	SHS	G5960L103
GE	GE AEROSPACE	8,971 (+17.8%)	$3.353M (+55.1%)	0.5%	$195.23	—	COM NEW	369604301
GIS	GENERAL MILLS INC	122,128 (+46.5%)	$4.25M (+37.0%)	0.7%	$46.78	—	COM	370334104
HD	HOME DEPOT INC	12,597 (+23.1%)	$4.443M (+32.0%)	0.7%	$352.27	—	COM	437076102
CEG	CONSTELLATION ENERGY CORP	15,226 (+56.8%)	$3.782M (+39.4%)	0.6%	$219.21	—	COM	21037T109
CME	CME GROUP INC	25,832 (+63.9%)	$5.704M (+22.5%)	0.9%	$230.92	—	COM	12572Q105
VZ	VERIZON COMMUNICATIONS INC	151,672 (+38.1%)	$6.422M (+16.5%)	1.0%	$37.48	—	COM	92343V104
XBI	SPDR SERIES TRUST	26,084 (+3.4%)	$4.128M (+28.1%)	0.6%	$92.94	—	ST STR SP BIOT	78464A870
DIS	DISNEY WALT CO	82,186 (+12.7%)	$7.91M (+12.6%)	1.2%	$104.27	—	COM	254687106
BLK	BLACKROCK INC	7,548 (+13.8%)	$7.258M (+13.8%)	1.1%	$1016.22	—	COM	09290D101
ADP	AUTOMATIC DATA PROCESSING IN	19,091 (+13.7%)	$4.275M (+25.3%)	0.7%	$250.49	—	COM	053015103
KO	COCA COLA CO	62,002 (+12.1%)	$5.039M (+19.8%)	0.8%	$66.96	—	COM	191216100
TMO	THERMO FISHER SCIENTIFIC INC	5,999 (+32.5%)	$3.008M (+35.2%)	0.5%	$505.90	—	COM	883556102
JNJ	JOHNSON & JOHNSON	43,175 (+3.6%)	$10.97M (+7.7%)	1.7%	$147.16	—	COM	478160104
BX	BLACKSTONE INC	50,628 (+12.3%)	$5.957M (+15.0%)	0.9%	$137.15	—	COM	09260D107
NOW	SERVICENOW INC	39,040 (+31.0%)	$3.876M (+24.4%)	0.6%	$132.79	—	COM	81762P102
GM	GENERAL MTRS CO	37,405 (+31.2%)	$2.883M (+35.7%)	0.4%	$54.61	—	COM	37045V100
TOL	TOLL BROTHERS INC	19,135 (+6.8%)	$3.152M (+29.0%)	0.5%	$117.38	—	COM	889478103
IQV	IQVIA HLDGS INC	12,851 (+23.0%)	$2.483M (+39.3%)	0.4%	$197.47	—	COM	46266C105
LEN	LENNAR CORP	33,512 (+20.4%)	$3.033M (+25.4%)	0.5%	$115.03	—	CL A	526057104
DHI	D R HORTON INC	18,745 (+5.4%)	$3.053M (+25.1%)	0.5%	$133.72	—	COM	23331A109
GSK	GSK PLC	114,724 (+16.8%)	$6.014M (+10.9%)	0.9%	$38.96	—	SPONSORED ADR	37733W204
BN	BROOKFIELD CORP	131,121 (+6.3%)	$5.584M (+11.8%)	0.9%	$40.65	—	CL A LTD VT SH	11271J107
ISRG	INTUITIVE SURGICAL INC	4,068 (+76.0%)	$1.618M (+51.8%)	0.2%	$475.80	—	COM NEW	46120E602
EOG	EOG RES INC	10,393 (+83.9%)	$1.348M (+65.0%)	0.2%	$119.24	—	COM	26875P101
SLB	SLB LIMITED	37,395 (+59.1%)	$1.738M (+43.9%)	0.3%	$40.47	—	COM STK	806857108
PFE	PFIZER INC	297,285 (+8.6%)	$7.159M (-6.9%)	1.1%	$27.47	—	COM	717081103
WMT	WALMART INC	28,647 (+30.0%)	$3.245M (+18.5%)	0.5%	$104.34	—	COM	931142103
VST	VISTRA CORP	15,311 (+18.2%)	$2.429M (+24.8%)	0.4%	$110.05	—	COM	92840M102
COP	CONOCOPHILLIPS	12,556 (+97.8%)	$1.305M (+55.8%)	0.2%	$98.28	—	COM	20825C104
XOP	SPDR SERIES TRUST	11,809 (+58.1%)	$1.822M (+34.1%)	0.3%	$132.29	—	SP O&G EXPL PRO	78468R556
OXY	OCCIDENTAL PETE CORP	26,370 (+103.8%)	$1.281M (+52.3%)	0.2%	$47.60	—	COM	674599105
MA	MASTERCARD INCORPORATED	7,404 (+9.7%)	$3.803M (+12.8%)	0.6%	$525.08	—	CL A	57636Q104
NFLX	NETFLIX INC.	88,203 (+44.5%)	$6.298M (+7.3%)	1.0%	$90.73	—	COM	64110L106
MDLZ	MONDELEZ INTL INC	60,611 (+10.8%)	$3.506M (+11.1%)	0.5%	$58.44	—	CL A	609207105
CRM	SALESFORCE INC	44,715 (+24.9%)	$7.005M (+4.8%)	1.1%	$222.71	—	COM	79466L302
SONY	SONY GROUP CORP	256,015 (+9.9%)	$5.136M (+6.5%)	0.8%	$27.32	—	SPONSORED ADR	835699307
UBER	UBER TECHNOLOGIES INC	53,601 (+8.3%)	$3.868M (+8.7%)	0.6%	$75.05	—	COM	90353T100
GDX	VANECK ETF TRUST	19,849 (+52.2%)	$1.498M (+25.1%)	0.2%	$51.24	—	GOLD MINERS ETF	92189F106
KKR	KKR & CO INC	5,590 (+137.2%)	$513K (+135.3%)	0.1%	$101.47	—	COM	48251W104
GLD	SPDR GOLD TR	2,763 (+63.6%)	$1.018M (+40.1%)	0.2%	$308.50	—	GOLD SHS	78463V107
XLE	SELECT SECTOR SPDR TR	19,630 (+54.1%)	$1.043M (+33.6%)	0.2%	$53.99	—	ST STR ENERG ETF	81369Y506
FINX	GLOBAL X FDS	93,220 (+5.1%)	$2.302M (+12.3%)	0.4%	$28.34	—	FINTECH ETF	37954Y814
BAM	BROOKFIELD ASSET MANAGMT LTD	11,545 (+68.5%)	$518K (+70.0%)	0.1%	$48.77	—	CL A LMT VTG SHS	113004105
INDA	ISHARES TR	17,252 (+24.7%)	$852K (+31.5%)	0.1%	$54.28	—	MSCI INDIA ETF	46429B598
COST	COSTCO WHOLESALE CORPORATION	1,189 (+28.8%)	$1.112M (+20.9%)	0.2%	$925.15	—	COM	22160K105
BEPC	BROOKFIELD RENEWABLE CORP	12,863 (+69.1%)	$477K (+57.6%)	0.1%	$39.40	—	CL A EX SUB VTG	11285B108
ICE	INTERCONTINENTAL EXCHANGE IN	12,985 (+41.1%)	$1.599M (+10.5%)	0.2%	$145.91	—	COM	45866F104
LNG	CHENIERE ENERGY INC	10,572 (+12.1%)	$2.527M (-5.6%)	0.4%	$218.08	—	COM NEW	16411R208
BIPC	BROOKFIELD INFRASTRUCTURE CO	11,787 (+50.2%)	$454K (+46.3%)	0.1%	$44.18	—	COM SUB VTG A	11276H106
T	AT&T INC	371,489 (+42.3%)	$7.69M (+1.6%)	1.2%	$20.84	—	COM	00206R102
EQT	EQT CORP	47,999 (+14.6%)	$2.552M (-4.3%)	0.4%	$54.04	—	COM	26884L109
MCO	MOODYS CORP	3,295 (+2.9%)	$1.492M (+6.9%)	0.2%	$472.54	—	COM	615369105
PICK	ISHARES INC	13,605 (+10.4%)	$791K (+13.5%)	0.1%	$40.30	—	MSCI GBL ETF NEW	46434G848
AMGN	AMGEN INC	2,118 (+9.7%)	$767K (+12.9%)	0.1%	$260.72	—	COM	031162100
PHO	INVESCO EXCHANGE TRADED FD T	10,485 (+6.4%)	$724K (+9.9%)	0.1%	$66.75	—	WATER RES ETF	46137V142
CCJ	CAMECO CORP	22,106 (+3.9%)	$2.252M (-2.6%)	0.3%	$44.06	—	COM	13321L108
WOOD	ISHARES TR	7,957 (+20.4%)	$527K (+12.4%)	0.1%	$72.20	—	GL TIMB FORE ETF	464288174
REMX	VANECK ETF TRUST	5,647 (+11.4%)	$500K (+12.0%)	0.1%	$75.41	—	RARE EAR STR ETF	92189H805
GILD	GILEAD SCIENCES INC	6,763 (+16.8%)	$854K (+5.9%)	0.1%	$89.43	—	COM	375558103
ADM	ARCHER DANIELS MIDLAND CO	6,434 (+5.2%)	$492K (+10.6%)	0.1%	$56.39	—	COM	039483102
KR	KROGER CO	16,954 (+33.1%)	$941K (+2.1%)	0.1%	$54.03	—	COM	501044101
SPGI	S&P GLOBAL INC	5,167 (+4.4%)	$2.104M (-0.0%)	0.3%	$484.76	—	COM	78409V104

Exited Positions (2)

CG CARLYLE GROUP INC 0.0%

Value $212K Shares 4,382 Est. Cost $58.97 Unrealized —

TPG TPG INC 0.0%

Value $204K Shares 5,037 Est. Cost $57.26 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CG	CARLYLE GROUP INC	4,382	$212K	0.0%	$58.97	—	—	14316J108
TPG	TPG INC	5,037	$204K	0.0%	$57.26	—	—	872657101

Decreased Positions (52)

AGG ISHARES TR 3.3%

Value $21.4M (-76.7%) Shares 216,193 (-76.7%) Est. Cost $98.96 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.9%

Value $5.691M (+42.7%) Shares 9,797 (-50.0%) Est. Cost $166.26 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.5%

Value $9.869M (+13.9%) Shares 20,665 (-19.4%) Est. Cost $166.56 Unrealized —

PANW PALO ALTO NETWORKS INC 0.8%

Value $5.343M (+27.2%) Shares 15,669 (-40.2%) Est. Cost $171.55 Unrealized —

ADBE ADOBE INC 0.7%

Value $4.712M (-19.4%) Shares 22,985 (-4.5%) Est. Cost $377.67 Unrealized —

DELL DELL TECHNOLOGIES INC 0.4%

Value $2.681M (-27.7%) Shares 6,213 (-72.5%) Est. Cost $101.12 Unrealized —

LLY ELI LILLY & CO 1.0%

Value $6.536M (+15.9%) Shares 5,449 (-11.1%) Est. Cost $834.09 Unrealized —

GOOGL ALPHABET INC 2.6%

Value $16.75M (+5.0%) Shares 46,870 (-15.5%) Est. Cost $156.67 Unrealized —

JPM JPMORGAN CHASE & CO 1.7%

Value $11.35M (+7.3%) Shares 34,663 (-3.6%) Est. Cost $212.49 Unrealized —

AVGO BROADCOM INC 0.6%

Value $4.064M (-15.3%) Shares 10,758 (-30.6%) Est. Cost $248.95 Unrealized —

BAC BANK OF AMER CORP 1.4%

Value $8.851M (+8.1%) Shares 155,337 (-7.5%) Est. Cost $38.48 Unrealized —

PAVE GLOBAL X FDS 0.8%

Value $5.414M (+13.2%) Shares 91,892 (-2.4%) Est. Cost $44.41 Unrealized —

NEE NEXTERA ENERGY INC 1.2%

Value $7.795M (-7.1%) Shares 88,811 (-1.7%) Est. Cost $70.09 Unrealized —

F FORD MTR CO 0.6%

Value $4.026M (-12.9%) Shares 289,606 (-27.7%) Est. Cost $10.93 Unrealized —

BCS BARCLAYS PLC 0.6%

Value $3.623M (+18.0%) Shares 134,871 (-7.1%) Est. Cost $12.80 Unrealized —

GEV GE VERNOVA INC 0.4%

Value $2.539M (+23.0%) Shares 2,161 (-8.6%) Est. Cost $247.84 Unrealized —

UNH UNITEDHEALTH GROUP INC 2.3%

Value $15.22M (+3.0%) Shares 36,620 (-32.9%) Est. Cost $369.12 Unrealized —

ASML ASML HLDG NV 0.9%

Value $6.09M (+7.7%) Shares 3,061 (-28.5%) Est. Cost $740.04 Unrealized —

SNOW SNOWFLAKE INC 0.3%

Value $1.975M (+22.7%) Shares 7,759 (-27.3%) Est. Cost $177.11 Unrealized —

BXP BXP INC 0.3%

Value $1.811M (+24.6%) Shares 27,306 (-2.5%) Est. Cost $64.08 Unrealized —

HSBC HSBC HLDGS PLC 0.5%

Value $3.539M (+11.2%) Shares 37,215 (-3.5%) Est. Cost $43.83 Unrealized —

EWY ISHARES INC 0.2%

Value $1.032M (-25.3%) Shares 5,110 (-54.5%) Est. Cost $71.78 Unrealized —

UBS UBS GROUP AG 0.5%

Value $3.091M (+12.4%) Shares 62,364 (-11.4%) Est. Cost $35.12 Unrealized —

FSLR FIRST SOLAR INC 0.2%

Value $1.017M (-23.6%) Shares 4,311 (-36.1%) Est. Cost $187.44 Unrealized —

ENB ENBRIDGE INC 0.6%

Value $4.121M (-5.9%) Shares 76,016 (-6.0%) Est. Cost $40.75 Unrealized —

HPQ HP INC 0.1%

Value $599K (-28.4%) Shares 27,285 (-37.3%) Est. Cost $25.45 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.4%

Value $2.662M (-7.4%) Shares 3,488 (-52.6%) Est. Cost $401.25 Unrealized —

UNP UNION PAC CORP 1.2%

Value $7.56M (+2.6%) Shares 27,794 (-8.5%) Est. Cost $221.07 Unrealized —

CAT CATERPILLAR INC 0.5%

Value $3.299M (+5.8%) Shares 3,098 (-29.6%) Est. Cost $326.47 Unrealized —

USRT ISHARES TR 0.5%

Value $3.577M (+5.2%) Shares 53,836 (-6.3%) Est. Cost $55.92 Unrealized —

CNI CANADIAN NATL RY CO 0.9%

Value $6.132M (-2.5%) Shares 51,425 (-16.0%) Est. Cost $102.49 Unrealized —

URA GLOBAL X FDS 0.1%

Value $610K (-19.3%) Shares 13,970 (-10.5%) Est. Cost $28.27 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQ IN 0.3%

Value $1.756M (+8.4%) Shares 33,229 (-4.8%) Est. Cost $69.04 Unrealized —

AMLP ALPS ETF TR 0.5%

Value $3.257M (-3.5%) Shares 62,819 (-2.1%) Est. Cost $43.87 Unrealized —

XLU SELECT SECTOR SPDR TR 0.3%

Value $1.724M (-6.0%) Shares 38,031 (-4.9%) Est. Cost $54.26 Unrealized —

XME SPDR SERIES TRUST 0.1%

Value $753K (-11.9%) Shares 7,038 (-11.1%) Est. Cost $55.19 Unrealized —

CSCO CISCO SYS INC 0.4%

Value $2.549M (-2.8%) Shares 21,699 (-35.8%) Est. Cost $46.01 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.1%

Value $390K (-14.6%) Shares 2,002 (-10.3%) Est. Cost $108.09 Unrealized —

D DOMINION ENERGY INC 0.4%

Value $2.367M (-2.7%) Shares 34,667 (-11.9%) Est. Cost $51.53 Unrealized —

ETN EATON CORP PLC 0.3%

Value $1.966M (+2.9%) Shares 4,613 (-13.6%) Est. Cost $331.15 Unrealized —

NVDA NVIDIA CORPORATION 0.8%

Value $4.908M (+1.1%) Shares 24,528 (-11.9%) Est. Cost $142.86 Unrealized —

AAPL APPLE INC 1.2%

Value $7.52M (+0.6%) Shares 25,988 (-11.7%) Est. Cost $202.81 Unrealized —

IYR ISHARES TR 0.5%

Value $3.574M (-1.3%) Shares 34,953 (-8.7%) Est. Cost $92.73 Unrealized —

CVS CVS HEALTH CORP 0.9%

Value $5.616M (-0.7%) Shares 54,289 (-31.0%) Est. Cost $70.15 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.9%

Value $5.862M (-0.6%) Shares 67,652 (-9.8%) Est. Cost $75.56 Unrealized —

MMM 3M CO 0.1%

Value $653K (-2.2%) Shares 4,032 (-12.3%) Est. Cost $93.76 Unrealized —

CB CHUBB LIMITED 0.2%

Value $1.394M (+1.0%) Shares 4,090 (-3.4%) Est. Cost $290.05 Unrealized —

MFC MANULIFE FINL CORP 0.2%

Value $1.576M (-0.8%) Shares 38,911 (-15.7%) Est. Cost $22.86 Unrealized —

FCX FREEPORT MCMORAN INC 0.1%

Value $438K (-2.8%) Shares 6,965 (-9.1%) Est. Cost $38.60 Unrealized —

BHP BHP BILLITON LIMITED 0.1%

Value $446K (+1.9%) Shares 5,349 (-11.0%) Est. Cost $51.95 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.4%

Value $2.382M (+0.3%) Shares 17,410 (-3.9%) Est. Cost $96.35 Unrealized —

NUE NUCOR CORP 0.1%

Value $418K (-1.1%) Shares 1,878 (-24.9%) Est. Cost $133.65 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	216,193 (-76.7%)	$21.4M (-76.7%)	3.3%	$98.96	—	CORE US AGGBD ET	464287226
AMD	ADVANCED MICRO DEVICES INC	9,797 (-50.0%)	$5.691M (+42.7%)	0.9%	$166.26	—	COM	007903107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	20,665 (-19.4%)	$9.869M (+13.9%)	1.5%	$166.56	—	SPONSORED ADS	874039100
PANW	PALO ALTO NETWORKS INC	15,669 (-40.2%)	$5.343M (+27.2%)	0.8%	$171.55	—	COM	697435105
ADBE	ADOBE INC	22,985 (-4.5%)	$4.712M (-19.4%)	0.7%	$377.67	—	COM	00724F101
DELL	DELL TECHNOLOGIES INC	6,213 (-72.5%)	$2.681M (-27.7%)	0.4%	$101.12	—	CL C	24703L202
LLY	ELI LILLY & CO	5,449 (-11.1%)	$6.536M (+15.9%)	1.0%	$834.09	—	COM	532457108
GOOGL	ALPHABET INC	46,870 (-15.5%)	$16.75M (+5.0%)	2.6%	$156.67	—	CAP STK CL A	02079K305
JPM	JPMORGAN CHASE & CO	34,663 (-3.6%)	$11.35M (+7.3%)	1.7%	$212.49	—	COM	46625H100
AVGO	BROADCOM INC	10,758 (-30.6%)	$4.064M (-15.3%)	0.6%	$248.95	—	COM	11135F101
BAC	BANK OF AMER CORP	155,337 (-7.5%)	$8.851M (+8.1%)	1.4%	$38.48	—	COM	060505104
PAVE	GLOBAL X FDS	91,892 (-2.4%)	$5.414M (+13.2%)	0.8%	$44.41	—	US INFR DEV ETF	37954Y673
NEE	NEXTERA ENERGY INC	88,811 (-1.7%)	$7.795M (-7.1%)	1.2%	$70.09	—	COM	65339F101
F	FORD MTR CO	289,606 (-27.7%)	$4.026M (-12.9%)	0.6%	$10.93	—	COM	345370860
BCS	BARCLAYS PLC	134,871 (-7.1%)	$3.623M (+18.0%)	0.6%	$12.80	—	ADR	06738E204
GEV	GE VERNOVA INC	2,161 (-8.6%)	$2.539M (+23.0%)	0.4%	$247.84	—	COM	36828A101
UNH	UNITEDHEALTH GROUP INC	36,620 (-32.9%)	$15.22M (+3.0%)	2.3%	$369.12	—	COM	91324P102
ASML	ASML HLDG NV	3,061 (-28.5%)	$6.09M (+7.7%)	0.9%	$740.04	—	N Y REGISTRY SHS	N07059210
SNOW	SNOWFLAKE INC	7,759 (-27.3%)	$1.975M (+22.7%)	0.3%	$177.11	—	COM SHS	833445109
BXP	BXP INC	27,306 (-2.5%)	$1.811M (+24.6%)	0.3%	$64.08	—	COM	101121101
HSBC	HSBC HLDGS PLC	37,215 (-3.5%)	$3.539M (+11.2%)	0.5%	$43.83	—	SPON ADR NEW	404280406
EWY	ISHARES INC	5,110 (-54.5%)	$1.032M (-25.3%)	0.2%	$71.78	—	MSCI STH KOR ETF	464286772
UBS	UBS GROUP AG	62,364 (-11.4%)	$3.091M (+12.4%)	0.5%	$35.12	—	SHS	H42097107
FSLR	FIRST SOLAR INC	4,311 (-36.1%)	$1.017M (-23.6%)	0.2%	$187.44	—	COM	336433107
ENB	ENBRIDGE INC	76,016 (-6.0%)	$4.121M (-5.9%)	0.6%	$40.75	—	COM	29250N105
HPQ	HP INC	27,285 (-37.3%)	$599K (-28.4%)	0.1%	$25.45	—	COM	40434L105
CRWD	CROWDSTRIKE HLDGS INC	3,488 (-52.6%)	$2.662M (-7.4%)	0.4%	$401.25	—	CL A	22788C105
UNP	UNION PAC CORP	27,794 (-8.5%)	$7.56M (+2.6%)	1.2%	$221.07	—	COM	907818108
CAT	CATERPILLAR INC	3,098 (-29.6%)	$3.299M (+5.8%)	0.5%	$326.47	—	COM	149123101
USRT	ISHARES TR	53,836 (-6.3%)	$3.577M (+5.2%)	0.5%	$55.92	—	CRE U S REIT ETF	464288521
CNI	CANADIAN NATL RY CO	51,425 (-16.0%)	$6.132M (-2.5%)	0.9%	$102.49	—	COM	136375102
URA	GLOBAL X FDS	13,970 (-10.5%)	$610K (-19.3%)	0.1%	$28.27	—	GLOBAL X URANIUM	37954Y871
ARE	ALEXANDRIA REAL ESTATE EQ IN	33,229 (-4.8%)	$1.756M (+8.4%)	0.3%	$69.04	—	COM	015271109
AMLP	ALPS ETF TR	62,819 (-2.1%)	$3.257M (-3.5%)	0.5%	$43.87	—	ALERIAN MLP	00162Q452
XLU	SELECT SECTOR SPDR TR	38,031 (-4.9%)	$1.724M (-6.0%)	0.3%	$54.26	—	ST STR UTIL ETF	81369Y886
XME	SPDR SERIES TRUST	7,038 (-11.1%)	$753K (-11.9%)	0.1%	$55.19	—	ST STR SP METAL	78464A755
CSCO	CISCO SYS INC	21,699 (-35.8%)	$2.549M (-2.8%)	0.4%	$46.01	—	COM	17275R102
BWXT	BWX TECHNOLOGIES INC	2,002 (-10.3%)	$390K (-14.6%)	0.1%	$108.09	—	COM	05605H100
D	DOMINION ENERGY INC	34,667 (-11.9%)	$2.367M (-2.7%)	0.4%	$51.53	—	COM	25746U109
ETN	EATON CORP PLC	4,613 (-13.6%)	$1.966M (+2.9%)	0.3%	$331.15	—	SHS	G29183103
NVDA	NVIDIA CORPORATION	24,528 (-11.9%)	$4.908M (+1.1%)	0.8%	$142.86	—	COM	67066G104
AAPL	APPLE INC	25,988 (-11.7%)	$7.52M (+0.6%)	1.2%	$202.81	—	COM	037833100
IYR	ISHARES TR	34,953 (-8.7%)	$3.574M (-1.3%)	0.5%	$92.73	—	U.S. REAL ES ETF	464287739
CVS	CVS HEALTH CORP	54,289 (-31.0%)	$5.616M (-0.7%)	0.9%	$70.15	—	COM	126650100
CP	CANADIAN PACIFIC KANSAS CITY	67,652 (-9.8%)	$5.862M (-0.6%)	0.9%	$75.56	—	COM	13646K108
MMM	3M CO	4,032 (-12.3%)	$653K (-2.2%)	0.1%	$93.76	—	COM	88579Y101
CB	CHUBB LIMITED	4,090 (-3.4%)	$1.394M (+1.0%)	0.2%	$290.05	—	COM	H1467J104
MFC	MANULIFE FINL CORP	38,911 (-15.7%)	$1.576M (-0.8%)	0.2%	$22.86	—	COM	56501R106
FCX	FREEPORT MCMORAN INC	6,965 (-9.1%)	$438K (-2.8%)	0.1%	$38.60	—	CL B	35671D857
BHP	BHP BILLITON LIMITED	5,349 (-11.0%)	$446K (+1.9%)	0.1%	$51.95	—	SPONSORED ADS	088606108
AEP	AMERICAN ELEC PWR CO INC	17,410 (-3.9%)	$2.382M (+0.3%)	0.4%	$96.35	—	COM	025537101
NUE	NUCOR CORP	1,878 (-24.9%)	$418K (-1.1%)	0.1%	$133.65	—	COM	670346105

Unchanged Positions (11)

AMZN AMAZON COM INC 1.7%

Value $11.32M Shares 47,509 Est. Cost $187.12 Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.5%

Value $3.205M Shares 14,332 Est. Cost $154.84 Unrealized —

BA BOEING CO 1.0%

Value $6.534M Shares 30,183 Est. Cost $191.54 Unrealized —

DE DEERE & CO 0.4%

Value $2.294M Shares 3,616 Est. Cost $429.26 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value $5.228M Shares 10,447 Est. Cost $485.46 Unrealized —

CI THE CIGNA GROUP 0.9%

Value $5.729M Shares 20,780 Est. Cost $279.32 Unrealized —

KMI KINDER MORGAN INC DEL 0.6%

Value $3.677M Shares 115,015 Est. Cost $26.43 Unrealized —

DUK DUKE ENERGY CORP NEW 0.3%

Value $2.233M Shares 17,644 Est. Cost $102.55 Unrealized —

MOO VANECK ETF TRUST 0.1%

Value $889K Shares 11,229 Est. Cost $73.07 Unrealized —

MLPX GLOBAL X FDS 0.5%

Value $3.323M Shares 45,113 Est. Cost $57.43 Unrealized —

SO SOUTHERN CO 0.3%

Value $2.279M Shares 23,816 Est. Cost $81.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	47,509	$11.32M	1.7%	$187.12	—	COM	023135106
SPG	SIMON PPTY GROUP INC NEW	14,332	$3.205M	0.5%	$154.84	—	COM	828806109
BA	BOEING CO	30,183	$6.534M	1.0%	$191.54	—	COM	097023105
DE	DEERE & CO	3,616	$2.294M	0.4%	$429.26	—	COM	244199105
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,447	$5.228M	0.8%	$485.46	—	CL B NEW	084670702
CI	THE CIGNA GROUP	20,780	$5.729M	0.9%	$279.32	—	COM	125523100
KMI	KINDER MORGAN INC DEL	115,015	$3.677M	0.6%	$26.43	—	COM	49456B101
DUK	DUKE ENERGY CORP NEW	17,644	$2.233M	0.3%	$102.55	—	COM NEW	26441C204
MOO	VANECK ETF TRUST	11,229	$889K	0.1%	$73.07	—	AGRIBUSINESS ETF	92189F700
MLPX	GLOBAL X FDS	45,113	$3.323M	0.5%	$57.43	—	GLB X MLP ENRG I	37954Y293
SO	SOUTHERN CO	23,816	$2.279M	0.3%	$81.51	—	COM	842587107