Allied Investment Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PICK	ISHARES MSCI GLOBAL METALS & MINING PRODUCERS ETF	70,374	$3,613	0.6%	$51.34	—	ETF	46434G848
EBMT	EAGLE BANCORP MONT INC COM	31,769	$632	0.1%	$17.21	0.0%	Stock	26942G100
MO	ALTRIA GROUP INC COM	5,886	$339	0.1%	$59.36	0.0%	Stock	02209S103
IWM	ISHARES RUSSELL 2000 ETF	948	$233	0.0%	$246.16	—	ETF	464287655
MLI	MUELLER INDS INC COM	1,967	$226	0.0%	$107.37	0.0%	Stock	624756102
SLV	ISHARES SILVER TRUST	3,442	$222	0.0%	$64.42	—	ETF	46428Q109
PSX	PHILLIPS 66 COM	1,654	$213	0.0%	$134.01	0.0%	Stock	718546104
WPC	WP CAREY INC COM	3,281	$211	0.0%	$64.36	—	REIT	92936U109
CMI	CUMMINS INC COM	413	$211	0.0%	$466.32	0.0%	Stock	231021106
POWL	POWELL INDS INC COM	642	$205	0.0%	$336.55	0.0%	Stock	739128106
RVYL	RYVYL INC COM SHS	14,684	$2	0.0%	$11.07	0.0%	Stock	39366L406

Increased Positions (35)

VHT VANGUARD HEALTH CARE ETF 7.4%

Value ($000) $48,152 (+13.4%) Shares 167,280 (+2.3%) Est. Cost $201.91 Unrealized —

FDX FEDEX CORP COM 2.2%

Value ($000) $14,359 (+25.5%) Shares 49,710 (+2.4%) Est. Cost $179.17 Unrealized +46.0%

SCHD SCHWAB US DIVIDEND EQUITY ETF 7.6%

Value ($000) $48,931 (+4.9%) Shares 1,783,865 (+4.4%) Est. Cost $42.61 Unrealized —

GLD SPDR GOLD SHARES 0.4%

Value ($000) $2,627 (+598.5%) Shares 6,629 (+526.6%) Est. Cost $379.23 Unrealized —

VGK VANGUARD FTSE EUROPE ETF 1.6%

Value ($000) $10,099 (+27.0%) Shares 120,787 (+21.2%) Est. Cost $74.80 Unrealized —

JNJ JOHNSON & JOHNSON COM 2.4%

Value ($000) $15,425 (+13.5%) Shares 74,534 (+1.7%) Est. Cost $130.65 Unrealized +50.8%

STT STATE STR CORP COM 2.6%

Value ($000) $16,520 (+12.3%) Shares 128,053 (+1.0%) Est. Cost $70.95 Unrealized +67.7%

USB US BANCORP DEL COM NEW 2.2%

Value ($000) $14,309 (+14.1%) Shares 268,159 (+3.3%) Est. Cost $37.70 Unrealized +29.2%

AMRZ AMRIZE LTD SHS 1.7%

Value ($000) $11,230 (+18.0%) Shares 207,648 (+5.9%) Est. Cost $51.00 Unrealized +0.1%

XOM EXXON MOBIL CORP COM 2.3%

Value ($000) $15,186 (+9.5%) Shares 126,191 (+2.6%) Est. Cost $60.93 Unrealized +89.5%

TGT TARGET CORP COM 1.4%

Value ($000) $9,196 (+14.5%) Shares 94,077 (+5.0%) Est. Cost $91.55 Unrealized +0.1%

KMB KIMBERLY-CLARK CORP COM 1.4%

Value ($000) $8,947 (-10.7%) Shares 88,679 (+10.1%) Est. Cost $105.92 Unrealized +2.3%

GPC GENUINE PARTS CO COM 1.6%

Value ($000) $10,162 (-8.0%) Shares 82,642 (+3.7%) Est. Cost $118.32 Unrealized +8.8%

SYY SYSCO CORP COM 1.8%

Value ($000) $11,478 (-6.9%) Shares 155,762 (+4.0%) Est. Cost $60.79 Unrealized +24.2%

PEP PEPSICO INC COM 1.7%

Value ($000) $11,041 (+7.2%) Shares 76,929 (+4.9%) Est. Cost $119.15 Unrealized +22.5%

SHEL SHELL PLC SPON ADS 2.2%

Value ($000) $14,435 (+5.3%) Shares 196,452 (+2.5%) Est. Cost $57.18 Unrealized —

DE DEERE & CO COM 2.1%

Value ($000) $13,587 (+4.8%) Shares 29,184 (+2.9%) Est. Cost $202.85 Unrealized +130.6%

MMM 3M CO COM 2.1%

Value ($000) $13,514 (+4.6%) Shares 84,409 (+1.4%) Est. Cost $107.28 Unrealized +52.1%

MDT MEDTRONIC PLC SHS 1.9%

Value ($000) $12,424 (+4.5%) Shares 129,336 (+3.6%) Est. Cost $77.18 Unrealized +25.9%

O REALTY INCOME CORP COM 1.6%

Value ($000) $10,409 (-4.2%) Shares 184,659 (+3.3%) Est. Cost $56.93 Unrealized +0.7%

ABT ABBOTT LABS COM 1.9%

Value ($000) $12,282 (-3.1%) Shares 98,028 (+3.6%) Est. Cost $76.14 Unrealized +67.2%

GOOGL ALPHABET INC CAP STK CL A 0.2%

Value ($000) $1,162 (+31.7%) Shares 3,712 (+2.3%) Est. Cost $132.82 Unrealized +115.0%

CVX CHEVRON CORP NEW COM 2.1%

Value ($000) $13,713 (+1.8%) Shares 89,975 (+3.7%) Est. Cost $95.14 Unrealized +59.1%

DEO DIAGEO PLC SPON ADR NEW 1.2%

Value ($000) $8,067 (-2.6%) Shares 93,509 (+7.7%) Est. Cost $126.49 Unrealized —

GOOG ALPHABET INC CAP STK CL C 0.1%

Value ($000) $761 (+37.9%) Shares 2,424 (+7.0%) Est. Cost $192.42 Unrealized +48.8%

LOW LOWES COS INC COM 2.3%

Value ($000) $14,639 (-1.3%) Shares 60,701 (+2.9%) Est. Cost $112.82 Unrealized +112.6%

PFE PFIZER INC COM 1.4%

Value ($000) $9,244 (+1.3%) Shares 371,263 (+3.7%) Est. Cost $28.17 Unrealized -11.1%

AVGO BROADCOM INC COM 0.2%

Value ($000) $1,017 (+6.9%) Shares 2,938 (+1.9%) Est. Cost $279.67 Unrealized +27.6%

LMT LOCKHEED MARTIN CORP COM 1.8%

Value ($000) $11,411 (+0.4%) Shares 23,593 (+3.6%) Est. Cost $373.26 Unrealized +27.6%

PG PROCTER AND GAMBLE CO COM 1.7%

Value ($000) $10,767 (-0.4%) Shares 75,132 (+6.8%) Est. Cost $103.23 Unrealized +42.6%

NVDA NVIDIA CORPORATION COM 0.3%

Value ($000) $2,019 (+2.1%) Shares 10,825 (+2.1%) Est. Cost $142.88 Unrealized +30.3%

COST COSTCO WHSL CORP NEW COM 0.2%

Value ($000) $1,206 (-1.9%) Shares 1,398 (+5.4%) Est. Cost $819.41 Unrealized +10.5%

OTIS OTIS WORLDWIDE CORP COM 1.7%

Value ($000) $10,873 (+0.1%) Shares 124,478 (+4.8%) Est. Cost $66.05 Unrealized +35.1%

MCD MCDONALDS CORP COM 0.1%

Value ($000) $417 (+3.1%) Shares 1,366 (+2.6%) Est. Cost $202.38 Unrealized +50.8%

SBUX STARBUCKS CORP COM 0.1%

Value ($000) $599 (+1.3%) Shares 7,117 (+1.8%) Est. Cost $54.62 Unrealized +53.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VHT	VANGUARD HEALTH CARE ETF	167,280 (+2.3%)	$48,152 (+13.4%)	7.4%	$201.91	—	ETF	92204A504
FDX	FEDEX CORP COM	49,710 (+2.4%)	$14,359 (+25.5%)	2.2%	$179.17	+46.0%	Stock	31428X106
SCHD	SCHWAB US DIVIDEND EQUITY ETF	1,783,865 (+4.4%)	$48,931 (+4.9%)	7.6%	$42.61	—	ETF	808524797
GLD	SPDR GOLD SHARES	6,629 (+526.6%)	$2,627 (+598.5%)	0.4%	$379.23	—	ETF	78463V107
VGK	VANGUARD FTSE EUROPE ETF	120,787 (+21.2%)	$10,099 (+27.0%)	1.6%	$74.80	—	ETF	922042874
JNJ	JOHNSON & JOHNSON COM	74,534 (+1.7%)	$15,425 (+13.5%)	2.4%	$130.65	+50.8%	Stock	478160104
STT	STATE STR CORP COM	128,053 (+1.0%)	$16,520 (+12.3%)	2.6%	$70.95	+67.7%	Stock	857477103
USB	US BANCORP DEL COM NEW	268,159 (+3.3%)	$14,309 (+14.1%)	2.2%	$37.70	+29.2%	Stock	902973304
AMRZ	AMRIZE LTD SHS	207,648 (+5.9%)	$11,230 (+18.0%)	1.7%	$51.00	+0.1%	Stock	H2927K103
XOM	EXXON MOBIL CORP COM	126,191 (+2.6%)	$15,186 (+9.5%)	2.3%	$60.93	+89.5%	Stock	30231G102
TGT	TARGET CORP COM	94,077 (+5.0%)	$9,196 (+14.5%)	1.4%	$91.55	+0.1%	Stock	87612E106
KMB	KIMBERLY-CLARK CORP COM	88,679 (+10.1%)	$8,947 (-10.7%)	1.4%	$105.92	+2.3%	Stock	494368103
GPC	GENUINE PARTS CO COM	82,642 (+3.7%)	$10,162 (-8.0%)	1.6%	$118.32	+8.8%	Stock	372460105
SYY	SYSCO CORP COM	155,762 (+4.0%)	$11,478 (-6.9%)	1.8%	$60.79	+24.2%	Stock	871829107
PEP	PEPSICO INC COM	76,929 (+4.9%)	$11,041 (+7.2%)	1.7%	$119.15	+22.5%	Stock	713448108
SHEL	SHELL PLC SPON ADS	196,452 (+2.5%)	$14,435 (+5.3%)	2.2%	$57.18	—	ADR	780259305
DE	DEERE & CO COM	29,184 (+2.9%)	$13,587 (+4.8%)	2.1%	$202.85	+130.6%	Stock	244199105
MMM	3M CO COM	84,409 (+1.4%)	$13,514 (+4.6%)	2.1%	$107.28	+52.1%	Stock	88579Y101
MDT	MEDTRONIC PLC SHS	129,336 (+3.6%)	$12,424 (+4.5%)	1.9%	$77.18	+25.9%	Stock	G5960L103
O	REALTY INCOME CORP COM	184,659 (+3.3%)	$10,409 (-4.2%)	1.6%	$56.93	+0.7%	REIT	756109104
ABT	ABBOTT LABS COM	98,028 (+3.6%)	$12,282 (-3.1%)	1.9%	$76.14	+67.2%	Stock	002824100
GOOGL	ALPHABET INC CAP STK CL A	3,712 (+2.3%)	$1,162 (+31.7%)	0.2%	$132.82	+115.0%	Stock	02079K305
CVX	CHEVRON CORP NEW COM	89,975 (+3.7%)	$13,713 (+1.8%)	2.1%	$95.14	+59.1%	Stock	166764100
DEO	DIAGEO PLC SPON ADR NEW	93,509 (+7.7%)	$8,067 (-2.6%)	1.2%	$126.49	—	ADR	25243Q205
GOOG	ALPHABET INC CAP STK CL C	2,424 (+7.0%)	$761 (+37.9%)	0.1%	$192.42	+48.8%	Stock	02079K107
LOW	LOWES COS INC COM	60,701 (+2.9%)	$14,639 (-1.3%)	2.3%	$112.82	+112.6%	Stock	548661107
PFE	PFIZER INC COM	371,263 (+3.7%)	$9,244 (+1.3%)	1.4%	$28.17	-11.1%	Stock	717081103
AVGO	BROADCOM INC COM	2,938 (+1.9%)	$1,017 (+6.9%)	0.2%	$279.67	+27.6%	Stock	11135F101
LMT	LOCKHEED MARTIN CORP COM	23,593 (+3.6%)	$11,411 (+0.4%)	1.8%	$373.26	+27.6%	Stock	539830109
PG	PROCTER AND GAMBLE CO COM	75,132 (+6.8%)	$10,767 (-0.4%)	1.7%	$103.23	+42.6%	Stock	742718109
NVDA	NVIDIA CORPORATION COM	10,825 (+2.1%)	$2,019 (+2.1%)	0.3%	$142.88	+30.3%	Stock	67066G104
COST	COSTCO WHSL CORP NEW COM	1,398 (+5.4%)	$1,206 (-1.9%)	0.2%	$819.41	+10.5%	Stock	22160K105
OTIS	OTIS WORLDWIDE CORP COM	124,478 (+4.8%)	$10,873 (+0.1%)	1.7%	$66.05	+35.1%	Stock	68902V107
MCD	MCDONALDS CORP COM	1,366 (+2.6%)	$417 (+3.1%)	0.1%	$202.38	+50.8%	Stock	580135101
SBUX	STARBUCKS CORP COM	7,117 (+1.8%)	$599 (+1.3%)	0.1%	$54.62	+53.9%	Stock	855244109

Exited Positions (6)

— TOTALENERGIES SE SPONSORED ADS 1.7%

Value ($000) $10,739 Shares 179,910 Est. Cost $44.26 Unrealized —

WDC WESTERN DIGITAL CORP COM 0.0%

Value ($000) $317 Shares 2,642 Est. Cost $81.60 Unrealized +85.7%

IJJ ISHARES S&P MID-CAP 400 VALUE ETF 0.0%

Value ($000) $231 Shares 1,784 Est. Cost $114.04 Unrealized —

AXON AXON ENTERPRISE INC COM 0.0%

Value ($000) $230 Shares 320 Est. Cost $758.81 Unrealized -18.2%

BROS DUTCH BROS INC CL A 0.0%

Value ($000) $223 Shares 4,257 Est. Cost $63.23 Unrealized -10.1%

VTIP VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF 0.0%

Value ($000) $203 Shares 4,014 Est. Cost $50.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE SPONSORED ADS	179,910	$10,739	1.7%	$44.26	—	—	89151E109
WDC	WESTERN DIGITAL CORP COM	2,642	$317	0.0%	$81.60	+85.7%	—	958102105
IJJ	ISHARES S&P MID-CAP 400 VALUE ETF	1,784	$231	0.0%	$114.04	—	—	464287705
AXON	AXON ENTERPRISE INC COM	320	$230	0.0%	$758.81	-18.2%	—	05464C101
BROS	DUTCH BROS INC CL A	4,257	$223	0.0%	$63.23	-10.1%	—	26701L100
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	4,014	$203	0.0%	$50.27	—	—	922020805

Decreased Positions (22)

AAON AAON INC COM PAR $0.004 1.8%

Value ($000) $11,785 (-36.5%) Shares 154,562 (-22.2%) Est. Cost $80.65 Unrealized +14.4%

CAT CATERPILLAR INC COM 3.6%

Value ($000) $23,528 (+13.3%) Shares 41,070 (-5.6%) Est. Cost $137.77 Unrealized +303.2%

GS GOLDMAN SACHS GROUP INC COM 2.9%

Value ($000) $18,757 (+8.1%) Shares 21,339 (-2.1%) Est. Cost $325.02 Unrealized +150.2%

RTX RTX CORPORATION COM 2.9%

Value ($000) $18,530 (+4.8%) Shares 101,038 (-4.3%) Est. Cost $66.60 Unrealized +160.3%

SPY SPDR S&P 500 ETF TRUST 0.1%

Value ($000) $865 (-23.0%) Shares 1,268 (-24.8%) Est. Cost $562.62 Unrealized —

NOBL PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF 0.2%

Value ($000) $1,616 (-12.6%) Shares 15,525 (-13.4%) Est. Cost $68.95 Unrealized —

JPM JPMORGAN CHASE & CO. COM 3.5%

Value ($000) $22,365 (+1.0%) Shares 69,411 (-1.1%) Est. Cost $95.28 Unrealized +224.9%

EMR EMERSON ELEC CO COM 0.6%

Value ($000) $3,783 (-3.5%) Shares 28,500 (-4.6%) Est. Cost $63.77 Unrealized +107.6%

MRK MERCK & CO INC COM 0.1%

Value ($000) $683 (+22.4%) Shares 6,487 (-2.4%) Est. Cost $67.01 Unrealized +39.1%

GBCI GLACIER BANCORP INC NEW COM 0.1%

Value ($000) $816 (-12.2%) Shares 18,527 (-3.0%) Est. Cost $36.58 Unrealized +19.1%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 0.3%

Value ($000) $1,982 (-4.5%) Shares 3,943 (-4.5%) Est. Cost $287.70 Unrealized +72.9%

VTV VANGUARD VALUE ETF 0.2%

Value ($000) $1,453 (-6.0%) Shares 7,606 (-8.2%) Est. Cost $177.64 Unrealized —

LLY ELI LILLY & CO COM 0.1%

Value ($000) $335 (+34.8%) Shares 312 (-4.3%) Est. Cost $716.17 Unrealized +33.4%

QQQ INVESCO QQQ TRUST SERIES I 0.0%

Value ($000) $290 (-19.9%) Shares 472 (-21.7%) Est. Cost $600.37 Unrealized —

KNF KNIFE RIVER CORP COMMON STOCK 0.0%

Value ($000) $322 (-11.4%) Shares 4,572 (-3.2%) Est. Cost $75.01 Unrealized -6.4%

MDU MDU RES GROUP INC COM 0.1%

Value ($000) $435 (+6.7%) Shares 22,304 (-2.6%) Est. Cost $13.29 Unrealized +47.3%

ECG EVERUS CONSTR GROUP COM 0.1%

Value ($000) $480 (-2.8%) Shares 5,607 (-2.6%) Est. Cost $63.34 Unrealized +41.3%

BA BOEING CO COM 0.1%

Value ($000) $398 (-2.1%) Shares 1,834 (-2.7%) Est. Cost $156.93 Unrealized +31.1%

AMZN AMAZON COM INC COM 0.1%

Value ($000) $725 (+1.1%) Shares 3,141 (-3.9%) Est. Cost $156.85 Unrealized +45.9%

IVV ISHARES CORE S&P 500 ETF 0.1%

Value ($000) $330 (-1.7%) Shares 482 (-4.0%) Est. Cost $576.82 Unrealized —

FIBK FIRST INTST BANCSYSTEM INC COM 0.1%

Value ($000) $540 (-0.7%) Shares 15,600 (-8.5%) Est. Cost $28.35 Unrealized +13.3%

SCHW SCHWAB CHARLES CORP COM 0.0%

Value ($000) $264 (-1.0%) Shares 2,639 (-5.4%) Est. Cost $94.54 Unrealized +0.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAON	AAON INC COM PAR $0.004	154,562 (-22.2%)	$11,785 (-36.5%)	1.8%	$80.65	+14.4%	Stock	000360206
CAT	CATERPILLAR INC COM	41,070 (-5.6%)	$23,528 (+13.3%)	3.6%	$137.77	+303.2%	Stock	149123101
GS	GOLDMAN SACHS GROUP INC COM	21,339 (-2.1%)	$18,757 (+8.1%)	2.9%	$325.02	+150.2%	Stock	38141G104
RTX	RTX CORPORATION COM	101,038 (-4.3%)	$18,530 (+4.8%)	2.9%	$66.60	+160.3%	Stock	75513E101
SPY	SPDR S&P 500 ETF TRUST	1,268 (-24.8%)	$865 (-23.0%)	0.1%	$562.62	—	ETF	78462F103
NOBL	PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	15,525 (-13.4%)	$1,616 (-12.6%)	0.2%	$68.95	—	ETF	74348A467
JPM	JPMORGAN CHASE & CO. COM	69,411 (-1.1%)	$22,365 (+1.0%)	3.5%	$95.28	+224.9%	Stock	46625H100
EMR	EMERSON ELEC CO COM	28,500 (-4.6%)	$3,783 (-3.5%)	0.6%	$63.77	+107.6%	Stock	291011104
MRK	MERCK & CO INC COM	6,487 (-2.4%)	$683 (+22.4%)	0.1%	$67.01	+39.1%	Stock	58933Y105
GBCI	GLACIER BANCORP INC NEW COM	18,527 (-3.0%)	$816 (-12.2%)	0.1%	$36.58	+19.1%	Stock	37637Q105
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	3,943 (-4.5%)	$1,982 (-4.5%)	0.3%	$287.70	+72.9%	Stock	084670702
VTV	VANGUARD VALUE ETF	7,606 (-8.2%)	$1,453 (-6.0%)	0.2%	$177.64	—	ETF	922908744
LLY	ELI LILLY & CO COM	312 (-4.3%)	$335 (+34.8%)	0.1%	$716.17	+33.4%	Stock	532457108
QQQ	INVESCO QQQ TRUST SERIES I	472 (-21.7%)	$290 (-19.9%)	0.0%	$600.37	—	ETF	46090E103
KNF	KNIFE RIVER CORP COMMON STOCK	4,572 (-3.2%)	$322 (-11.4%)	0.0%	$75.01	-6.4%	Stock	498894104
MDU	MDU RES GROUP INC COM	22,304 (-2.6%)	$435 (+6.7%)	0.1%	$13.29	+47.3%	Stock	552690109
ECG	EVERUS CONSTR GROUP COM	5,607 (-2.6%)	$480 (-2.8%)	0.1%	$63.34	+41.3%	Stock	300426103
BA	BOEING CO COM	1,834 (-2.7%)	$398 (-2.1%)	0.1%	$156.93	+31.1%	Stock	097023105
AMZN	AMAZON COM INC COM	3,141 (-3.9%)	$725 (+1.1%)	0.1%	$156.85	+45.9%	Stock	023135106
IVV	ISHARES CORE S&P 500 ETF	482 (-4.0%)	$330 (-1.7%)	0.1%	$576.82	—	ETF	464287200
FIBK	FIRST INTST BANCSYSTEM INC COM	15,600 (-8.5%)	$540 (-0.7%)	0.1%	$28.35	+13.3%	Stock	32055Y201
SCHW	SCHWAB CHARLES CORP COM	2,639 (-5.4%)	$264 (-1.0%)	0.0%	$94.54	+0.2%	Stock	808513105

Unchanged Positions (34)

MSFT MICROSOFT CORP COM 4.8%

Value ($000) $31,138 Shares 64,384 Est. Cost $107.38 Unrealized +366.2%

WFC WELLS FARGO CO NEW COM 2.9%

Value ($000) $18,710 Shares 200,748 Est. Cost $39.77 Unrealized +117.8%

BAC BANK AMERICA CORP COM 2.7%

Value ($000) $17,624 Shares 320,441 Est. Cost $25.74 Unrealized +104.6%

AAPL APPLE INC COM 2.1%

Value ($000) $13,362 Shares 49,150 Est. Cost $94.17 Unrealized +185.0%

VPU VANGUARD UTILITIES ETF 2.5%

Value ($000) $16,347 Shares 88,342 Est. Cost $132.91 Unrealized —

ORCL ORACLE CORP COM 0.1%

Value ($000) $400 Shares 2,050 Est. Cost $131.87 Unrealized +80.5%

WMT WALMART INC COM 0.4%

Value ($000) $2,287 Shares 20,524 Est. Cost $53.37 Unrealized +100.9%

VTI VANGUARD TOTAL STOCK MARKET ETF 1.1%

Value ($000) $7,319 Shares 21,829 Est. Cost $284.59 Unrealized —

HD HOME DEPOT INC COM 0.1%

Value ($000) $637 Shares 1,852 Est. Cost $168.88 Unrealized +115.9%

META META PLATFORMS INC CL A 0.1%

Value ($000) $733 Shares 1,110 Est. Cost $624.80 Unrealized +6.8%

AMD ADVANCED MICRO DEVICES INC COM 0.0%

Value ($000) $309 Shares 1,443 Est. Cost $108.87 Unrealized +106.3%

IBM INTERNATIONAL BUSINESS MACHS COM 0.2%

Value ($000) $1,524 Shares 5,145 Est. Cost $117.46 Unrealized +154.4%

C CITIGROUP INC COM NEW 0.1%

Value ($000) $432 Shares 3,706 Est. Cost $53.45 Unrealized +93.9%

STLD STEEL DYNAMICS INC COM 0.0%

Value ($000) $310 Shares 1,827 Est. Cost $130.39 Unrealized +21.5%

FSLR FIRST SOLAR INC COM 0.0%

Value ($000) $268 Shares 1,027 Est. Cost $191.94 Unrealized +31.4%

CSCO CISCO SYS INC COM 0.1%

Value ($000) $341 Shares 4,428 Est. Cost $67.38 Unrealized +9.5%

AXP AMERICAN EXPRESS CO COM 0.1%

Value ($000) $366 Shares 989 Est. Cost $283.58 Unrealized +25.9%

ADP AUTOMATIC DATA PROCESSING INC COM 0.0%

Value ($000) $206 Shares 800 Est. Cost $253.49 Unrealized +4.5%

SPLV INVESCO S&P 500 LOW VOLATILITY ETF 0.1%

Value ($000) $871 Shares 12,200 Est. Cost $47.11 Unrealized —

MCK MCKESSON CORP COM 0.1%

Value ($000) $393 Shares 479 Est. Cost $703.03 Unrealized +16.0%

F FORD MTR CO COM 0.0%

Value ($000) $162 Shares 12,330 Est. Cost $9.24 Unrealized +38.9%

VGT VANGUARD INFORMATION TECHNOLOGY ETF 0.2%

Value ($000) $1,450 Shares 1,924 Est. Cost $211.70 Unrealized —

DFUS DIMENSIONAL U.S. EQUITY MARKET ETF 0.1%

Value ($000) $575 Shares 7,752 Est. Cost $48.16 Unrealized —

UNH UNITEDHEALTH GROUP INC COM 0.0%

Value ($000) $226 Shares 683 Est. Cost $298.94 Unrealized +12.8%

VFH VANGUARD FINANCIALS ETF 0.1%

Value ($000) $478 Shares 3,582 Est. Cost $80.32 Unrealized —

MGK VANGUARD MEGA CAP GROWTH ETF 0.0%

Value ($000) $303 Shares 734 Est. Cost $402.42 Unrealized —

CSL CARLISLE COS INC COM 0.0%

Value ($000) $262 Shares 820 Est. Cost $214.72 Unrealized +50.3%

ABBV ABBVIE INC COM 0.1%

Value ($000) $524 Shares 2,292 Est. Cost $161.17 Unrealized +41.2%

SCHV SCHWAB U.S. LARGE-CAP VALUE ETF 0.1%

Value ($000) $369 Shares 12,451 Est. Cost $39.75 Unrealized —

COP CONOCOPHILLIPS COM 0.0%

Value ($000) $256 Shares 2,737 Est. Cost $96.79 Unrealized -7.0%

VIS VANGUARD INDUSTRIALS ETF 0.0%

Value ($000) $300 Shares 1,006 Est. Cost $182.64 Unrealized —

BRK/A 1/100 BERKSHIRE HTWY CLA100 SHS 0.2%

Value ($000) $1,510 Shares 2 Est. Cost $284799.47 Unrealized +162.1%

AGG ISHARES CORE U.S. AGGREGATE BOND ETF 0.0%

Value ($000) $231 Shares 2,309 Est. Cost $101.25 Unrealized —

GERN GERON CORP COM 0.0%

Value ($000) $21 Shares 15,959 Est. Cost $1.11 Unrealized +12.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP COM	64,384	$31,138	4.8%	$107.38	+366.2%	Stock	594918104
WFC	WELLS FARGO CO NEW COM	200,748	$18,710	2.9%	$39.77	+117.8%	Stock	949746101
BAC	BANK AMERICA CORP COM	320,441	$17,624	2.7%	$25.74	+104.6%	Stock	060505104
AAPL	APPLE INC COM	49,150	$13,362	2.1%	$94.17	+185.0%	Stock	037833100
VPU	VANGUARD UTILITIES ETF	88,342	$16,347	2.5%	$132.91	—	ETF	92204A876
ORCL	ORACLE CORP COM	2,050	$400	0.1%	$131.87	+80.5%	Stock	68389X105
WMT	WALMART INC COM	20,524	$2,287	0.4%	$53.37	+100.9%	Stock	931142103
VTI	VANGUARD TOTAL STOCK MARKET ETF	21,829	$7,319	1.1%	$284.59	—	ETF	922908769
HD	HOME DEPOT INC COM	1,852	$637	0.1%	$168.88	+115.9%	Stock	437076102
META	META PLATFORMS INC CL A	1,110	$733	0.1%	$624.80	+6.8%	Stock	30303M102
AMD	ADVANCED MICRO DEVICES INC COM	1,443	$309	0.0%	$108.87	+106.3%	Stock	007903107
IBM	INTERNATIONAL BUSINESS MACHS COM	5,145	$1,524	0.2%	$117.46	+154.4%	Stock	459200101
C	CITIGROUP INC COM NEW	3,706	$432	0.1%	$53.45	+93.9%	Stock	172967424
STLD	STEEL DYNAMICS INC COM	1,827	$310	0.0%	$130.39	+21.5%	Stock	858119100
FSLR	FIRST SOLAR INC COM	1,027	$268	0.0%	$191.94	+31.4%	Stock	336433107
CSCO	CISCO SYS INC COM	4,428	$341	0.1%	$67.38	+9.5%	Stock	17275R102
AXP	AMERICAN EXPRESS CO COM	989	$366	0.1%	$283.58	+25.9%	Stock	025816109
ADP	AUTOMATIC DATA PROCESSING INC COM	800	$206	0.0%	$253.49	+4.5%	Stock	053015103
SPLV	INVESCO S&P 500 LOW VOLATILITY ETF	12,200	$871	0.1%	$47.11	—	ETF	46138E354
MCK	MCKESSON CORP COM	479	$393	0.1%	$703.03	+16.0%	Stock	58155Q103
F	FORD MTR CO COM	12,330	$162	0.0%	$9.24	+38.9%	Stock	345370860
VGT	VANGUARD INFORMATION TECHNOLOGY ETF	1,924	$1,450	0.2%	$211.70	—	ETF	92204A702
DFUS	DIMENSIONAL U.S. EQUITY MARKET ETF	7,752	$575	0.1%	$48.16	—	ETF	25434V401
UNH	UNITEDHEALTH GROUP INC COM	683	$226	0.0%	$298.94	+12.8%	Stock	91324P102
VFH	VANGUARD FINANCIALS ETF	3,582	$478	0.1%	$80.32	—	ETF	92204A405
MGK	VANGUARD MEGA CAP GROWTH ETF	734	$303	0.0%	$402.42	—	ETF	921910816
CSL	CARLISLE COS INC COM	820	$262	0.0%	$214.72	+50.3%	Stock	142339100
ABBV	ABBVIE INC COM	2,292	$524	0.1%	$161.17	+41.2%	Stock	00287Y109
SCHV	SCHWAB U.S. LARGE-CAP VALUE ETF	12,451	$369	0.1%	$39.75	—	ETF	808524409
COP	CONOCOPHILLIPS COM	2,737	$256	0.0%	$96.79	-7.0%	Stock	20825C104
VIS	VANGUARD INDUSTRIALS ETF	1,006	$300	0.0%	$182.64	—	ETF	92204A603
BRK/A	1/100 BERKSHIRE HTWY CLA100 SHS	2	$1,510	0.2%	$284799.47	+162.1%	Stock	084670108
AGG	ISHARES CORE U.S. AGGREGATE BOND ETF	2,309	$231	0.0%	$101.25	—	ETF	464287226
GERN	GERON CORP COM	15,959	$21	0.0%	$1.11	+12.5%	Stock	374163103