Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS INC	321,233 (+6.0%)	$233M (+36.5%)	10.3%	$725.18	$484.85	+49.6%	CL A	30303M102
LOW	LOWES COS INC	610,988 (+31.3%)	$113M (+9.7%)	5.0%	$184.29	$165.57	+11.3%	COM	548661107
QCOM	QUALCOMM INC	1,081,550 (+3.0%)	$199M (+2.6%)	8.8%	$184.04	$161.11	+14.2%	COM	747525103

Exited Positions (2)

BABA ALIBABA GROUP HLDG LTD 0.0%

Value $0 Shares 0 Share Price $107.54 Est. Cost/Share — Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.0%

Value $0 Shares 0 Share Price $456.19 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	0	$0	0.0%	$107.54	—	—	—	01609W102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	0	$0	0.0%	$456.19	—	—	—	874039100

Decreased Positions (15)

AMAT APPLIED MATLS INC 2.8%

Value $63.91M (-50.0%) Shares 124,960 (-29.3%) Share Price $511.40 Est. Cost/Share $163.91 Unrealized @ Report Date +212.0%

CSX CSX CORP 2.7%

Value $60.82M (-49.4%) Shares 1,307,770 (-48.2%) Share Price $46.51 Est. Cost/Share $29.26 Unrealized @ Report Date +59.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 6.8%

Value $153M (-16.0%) Shares 307,932 (-15.6%) Share Price $497.95 Est. Cost/Share $418.83 Unrealized @ Report Date +18.9%

HPQ HP INC 8.2%

Value $185M (+12.9%) Shares 5,921,156 (-20.8%) Share Price $31.28 Est. Cost/Share $22.75 Unrealized @ Report Date +37.5%

AXP AMERICAN EXPRESS CO 5.0%

Value $113M (-11.2%) Shares 370,795 (-1.3%) Share Price $304.10 Est. Cost/Share $172.95 Unrealized @ Report Date +75.8%

NEM NEWMONT CORP 2.2%

Value $50.47M (+20.6%) Shares 437,559 (-2.3%) Share Price $115.34 Est. Cost/Share $38.99 Unrealized @ Report Date +195.8%

HCA HCA HEALTHCARE INC 4.3%

Value $97.82M (+7.9%) Shares 229,225 (-1.4%) Share Price $426.74 Est. Cost/Share $348.92 Unrealized @ Report Date +22.3%

AMP AMERIPRISE FINL INC 5.6%

Value $128M (+5.9%) Shares 259,459 (-1.3%) Share Price $492.34 Est. Cost/Share $466.79 Unrealized @ Report Date +5.5%

GOOGL ALPHABET INC 4.9%

Value $112M (-5.3%) Shares 324,064 (-1.7%) Share Price $344.07 Est. Cost/Share $118.90 Unrealized @ Report Date +189.4%

AFL AFLAC INC 2.4%

Value $55.06M (-8.5%) Shares 492,620 (-4.0%) Share Price $111.78 Est. Cost/Share $43.84 Unrealized @ Report Date +155.0%

KR KROGER CO 4.5%

Value $103M (+4.1%) Shares 1,755,027 (-1.4%) Share Price $58.62 Est. Cost/Share $51.03 Unrealized @ Report Date +14.9%

ZTS ZOETIS INC 1.8%

Value $41.12M (-4.1%) Shares 588,834 (-1.3%) Share Price $69.83 Est. Cost/Share $123.57 Unrealized @ Report Date -43.5%

UNP UNION PAC CORP 4.1%

Value $93.34M (-1.7%) Shares 342,987 (-1.8%) Share Price $272.13 Est. Cost/Share $175.20 Unrealized @ Report Date +55.3%

ELV ELEVANCE HEALTH INC FORMERLY 3.9%

Value $88.21M (-0.8%) Shares 226,870 (-1.4%) Share Price $388.81 Est. Cost/Share $480.28 Unrealized @ Report Date -19.0%

SCI SERVICE CORP INTL 1.1%

Value $24.88M (-1.1%) Shares 326,760 (-1.4%) Share Price $76.15 Est. Cost/Share $53.11 Unrealized @ Report Date +43.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMAT	APPLIED MATLS INC	124,960 (-29.3%)	$63.91M (-50.0%)	2.8%	$511.40	$163.91	+212.0%	COM	038222105
CSX	CSX CORP	1,307,770 (-48.2%)	$60.82M (-49.4%)	2.7%	$46.51	$29.26	+59.0%	COM	126408103
BRK/B	BERKSHIRE HATHAWAY INC DEL	307,932 (-15.6%)	$153M (-16.0%)	6.8%	$497.95	$418.83	+18.9%	CL B NEW	084670702
HPQ	HP INC	5,921,156 (-20.8%)	$185M (+12.9%)	8.2%	$31.28	$22.75	+37.5%	COM	40434L105
AXP	AMERICAN EXPRESS CO	370,795 (-1.3%)	$113M (-11.2%)	5.0%	$304.10	$172.95	+75.8%	COM	025816109
NEM	NEWMONT CORP	437,559 (-2.3%)	$50.47M (+20.6%)	2.2%	$115.34	$38.99	+195.8%	COM	651639106
HCA	HCA HEALTHCARE INC	229,225 (-1.4%)	$97.82M (+7.9%)	4.3%	$426.74	$348.92	+22.3%	COM	40412C101
AMP	AMERIPRISE FINL INC	259,459 (-1.3%)	$128M (+5.9%)	5.6%	$492.34	$466.79	+5.5%	COM	03076C106
GOOGL	ALPHABET INC	324,064 (-1.7%)	$112M (-5.3%)	4.9%	$344.07	$118.90	+189.4%	CAP STK CL A	02079K305
AFL	AFLAC INC	492,620 (-4.0%)	$55.06M (-8.5%)	2.4%	$111.78	$43.84	+155.0%	COM	001055102
KR	KROGER CO	1,755,027 (-1.4%)	$103M (+4.1%)	4.5%	$58.62	$51.03	+14.9%	COM	501044101
ZTS	ZOETIS INC	588,834 (-1.3%)	$41.12M (-4.1%)	1.8%	$69.83	$123.57	-43.5%	CL A	98978V103
UNP	UNION PAC CORP	342,987 (-1.8%)	$93.34M (-1.7%)	4.1%	$272.13	$175.20	+55.3%	COM	907818108
ELV	ELEVANCE HEALTH INC FORMERLY	226,870 (-1.4%)	$88.21M (-0.8%)	3.9%	$388.81	$480.28	-19.0%	COM	036752103
SCI	SERVICE CORP INTL	326,760 (-1.4%)	$24.88M (-1.1%)	1.1%	$76.15	$53.11	+43.4%	COM	817565104

Unchanged Positions (20)

UPS UNITED PARCEL SVCS INC 4.0%

Value $90.19M Shares 965,207 Share Price $93.44 Est. Cost/Share $112.98 Unrealized @ Report Date -17.3%

CI THE CIGNA GROUP 5.3%

Value $120M Shares 439,652 Share Price $271.83 Est. Cost/Share $272.34 Unrealized @ Report Date -0.2%

MRNA MODERNA INC 0.0%

Value $287K Shares 1,490 Share Price $192.62 Est. Cost/Share $120.76 Unrealized @ Report Date +59.5%

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value $108K Shares 160 Share Price $675.00 Est. Cost/Share $547.53 Unrealized @ Report Date +23.3%

JKS JINKOSOLAR HLDG CO LTD 0.0%

Value $30,000 Shares 3,200 Share Price $9.38 Est. Cost/Share $48.17 Unrealized @ Report Date -80.3%

BIDU BAIDU INC 0.0%

Value $74,000 Shares 850 Share Price $87.06 Est. Cost/Share $141.83 Unrealized @ Report Date -38.8%

INTC INTEL CORP 0.0%

Value $138K Shares 1,150 Share Price $120.00 Est. Cost/Share $42.41 Unrealized @ Report Date +183.5%

SONY SONY GROUP CORP 0.0%

Value $129K Shares 5,500 Share Price $23.45 Est. Cost/Share $14.94 Unrealized @ Report Date +57.5%

PFE PFIZER INC 0.0%

Value $114K Shares 4,000 Share Price $28.50 Est. Cost/Share $24.77 Unrealized @ Report Date +15.1%

UNH UNITEDHEALTH GROUP INC 0.0%

Value $113K Shares 307 Share Price $368.08 Est. Cost/Share $455.23 Unrealized @ Report Date -19.4%

ROK ROCKWELL AUTOMATION INC 0.0%

Value $104K Shares 240 Share Price $433.33 Est. Cost/Share $270.53 Unrealized @ Report Date +60.9%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $90,000 Shares 100 Share Price $900.00 Est. Cost/Share $300.52 Unrealized @ Report Date +199.6%

GD GENERAL DYNAMICS CORP 0.0%

Value $133K Shares 400 Share Price $332.50 Est. Cost/Share $255.81 Unrealized @ Report Date +29.7%

V VISA INC 0.0%

Value $162K Shares 450 Share Price $360.00 Est. Cost/Share $197.07 Unrealized @ Report Date +82.3%

TXN TEXAS INSTRS INC 0.0%

Value $105K Shares 375 Share Price $280.00 Est. Cost/Share $161.35 Unrealized @ Report Date +73.6%

USB US BANCORP 0.0%

Value $144K Shares 2,500 Share Price $57.60 Est. Cost/Share $38.63 Unrealized @ Report Date +49.5%

NOC NORTHROP GRUMMAN CORP 0.0%

Value $87,000 Shares 180 Share Price $483.33 Est. Cost/Share $470.02 Unrealized @ Report Date +2.9%

JNJ JOHNSON & JOHNSON 0.0%

Value $124K Shares 470 Share Price $263.83 Est. Cost/Share $145.10 Unrealized @ Report Date +82.5%

MCO MOODYS CORP 0.0%

Value $111K Shares 245 Share Price $453.06 Est. Cost/Share $476.92 Unrealized @ Report Date -4.8%

LMT LOCKHEED MARTIN CORP 0.0%

Value $160K Shares 315 Share Price $507.94 Est. Cost/Share $448.29 Unrealized @ Report Date +13.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UPS	UNITED PARCEL SVCS INC	965,207	$90.19M	4.0%	$93.44	$112.98	-17.3%	CL B	911312106
CI	THE CIGNA GROUP	439,652	$120M	5.3%	$271.83	$272.34	-0.2%	COM	125523100
MRNA	MODERNA INC	1,490	$287K	0.0%	$192.62	$120.76	+59.5%	COM	60770K107
TMO	THERMO FISHER SCIENTIFIC INC	160	$108K	0.0%	$675.00	$547.53	+23.3%	COM	883556102
JKS	JINKOSOLAR HLDG CO LTD	3,200	$30,000	0.0%	$9.38	$48.17	-80.3%	SPONSORED ADR	47759T100
BIDU	BAIDU INC	850	$74,000	0.0%	$87.06	$141.83	-38.8%	SPON ADR REP A	056752108
INTC	INTEL CORP	1,150	$138K	0.0%	$120.00	$42.41	+183.5%	COM	458140100
SONY	SONY GROUP CORP	5,500	$129K	0.0%	$23.45	$14.94	+57.5%	SPONSORED ADR	835699307
PFE	PFIZER INC	4,000	$114K	0.0%	$28.50	$24.77	+15.1%	COM	717081103
UNH	UNITEDHEALTH GROUP INC	307	$113K	0.0%	$368.08	$455.23	-19.4%	COM	91324P102
ROK	ROCKWELL AUTOMATION INC	240	$104K	0.0%	$433.33	$270.53	+60.9%	COM	773903109
GS	GOLDMAN SACHS GROUP INC	100	$90,000	0.0%	$900.00	$300.52	+199.6%	COM	38141G104
GD	GENERAL DYNAMICS CORP	400	$133K	0.0%	$332.50	$255.81	+29.7%	COM	369550108
V	VISA INC	450	$162K	0.0%	$360.00	$197.07	+82.3%	COM CL A	92826C839
TXN	TEXAS INSTRS INC	375	$105K	0.0%	$280.00	$161.35	+73.6%	COM	882508104
USB	US BANCORP	2,500	$144K	0.0%	$57.60	$38.63	+49.5%	COM NEW	902973304
NOC	NORTHROP GRUMMAN CORP	180	$87,000	0.0%	$483.33	$470.02	+2.9%	COM	666807102
JNJ	JOHNSON & JOHNSON	470	$124K	0.0%	$263.83	$145.10	+82.5%	COM	478160104
MCO	MOODYS CORP	245	$111K	0.0%	$453.06	$476.92	-4.8%	COM	615369105
LMT	LOCKHEED MARTIN CORP	315	$160K	0.0%	$507.94	$448.29	+13.6%	COM	539830109