Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	3,511	$4.211M	1.9%	$1199.43	—	COM	532457108
DIS	WALT DISNEY CO/THE USD0.01	39,759	$3.827M	1.7%	$96.25	—	COM	254687106
HPQ	HP INC	167,428	$3.673M	1.7%	$21.94	—	COM	40434L105
CRM	SALESFORCE INC COM	22,307	$3.495M	1.6%	$156.66	—	COM	79466L302
VZ	VERIZON COMMUNICATIONS INC	58,229	$2.465M	1.1%	$42.34	—	COM	92343V104
ADBE	ADOBE INC	11,640	$2.386M	1.1%	$205.02	—	COM	00724F101

Increased Positions (12)

NVDA NVIDIA CORP COM 5.6%

Value $12.24M (+168.7%) Shares 61,196 (+134.2%) Est. Cost $194.34 Unrealized —

MCD MCDONALDS CORP 4.2%

Value $9.181M (+125.8%) Shares 33,966 (+159.6%) Est. Cost $273.44 Unrealized —

AXP AMERICAN EXPRESS CO USD0.2 4.7%

Value $10.23M (+52.3%) Shares 30,231 (+36.2%) Est. Cost $323.07 Unrealized —

MSFT MICROSOFT CORP 7.7%

Value $16.89M (+21.3%) Shares 45,288 (+20.4%) Est. Cost $438.68 Unrealized —

V VISA INC-CLASS A SHARES USD0.0001 4.6%

Value $10.07M (+29.4%) Shares 29,345 (+14.0%) Est. Cost $296.25 Unrealized —

WMT WALMART INC USD0.1 6.7%

Value $14.78M (+14.9%) Shares 130,491 (+26.0%) Est. Cost $87.34 Unrealized —

COST COSTCO WHOLESALE CORPORATION 5.2%

Value $11.45M (+15.2%) Shares 12,241 (+22.7%) Est. Cost $928.21 Unrealized —

MA MASTERCARD INCORPORATED 4.5%

Value $9.969M (+15.4%) Shares 19,410 (+12.3%) Est. Cost $461.02 Unrealized —

HD HOME DEPOT INC 2.9%

Value $6.358M (+22.9%) Shares 18,029 (+14.7%) Est. Cost $350.57 Unrealized —

BKNG BOOKING HOLDINGS INC USD0.008 4.2%

Value $9.317M (-5.9%) Shares 52,272 (+2123.4%) Est. Cost $380.42 Unrealized —

LOW LOWE'S COS INC USD0.5 1.9%

Value $4.128M (+13.6%) Shares 18,723 (+21.7%) Est. Cost $222.37 Unrealized —

NFLX NETFLIX INC 2.1%

Value $4.576M (+3.7%) Shares 64,089 (+39.7%) Est. Cost $97.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORP COM	61,196 (+134.2%)	$12.24M (+168.7%)	5.6%	$194.34	—	COM	67066G104
MCD	MCDONALDS CORP	33,966 (+159.6%)	$9.181M (+125.8%)	4.2%	$273.44	—	COM	580135101
AXP	AMERICAN EXPRESS CO USD0.2	30,231 (+36.2%)	$10.23M (+52.3%)	4.7%	$323.07	—	COM	025816109
MSFT	MICROSOFT CORP	45,288 (+20.4%)	$16.89M (+21.3%)	7.7%	$438.68	—	COM	594918104
V	VISA INC-CLASS A SHARES USD0.0001	29,345 (+14.0%)	$10.07M (+29.4%)	4.6%	$296.25	—	COM CL A	92826C839
WMT	WALMART INC USD0.1	130,491 (+26.0%)	$14.78M (+14.9%)	6.7%	$87.34	—	COM	931142103
COST	COSTCO WHOLESALE CORPORATION	12,241 (+22.7%)	$11.45M (+15.2%)	5.2%	$928.21	—	COM	22160K105
MA	MASTERCARD INCORPORATED	19,410 (+12.3%)	$9.969M (+15.4%)	4.5%	$461.02	—	CL A	57636Q104
HD	HOME DEPOT INC	18,029 (+14.7%)	$6.358M (+22.9%)	2.9%	$350.57	—	COM	437076102
BKNG	BOOKING HOLDINGS INC USD0.008	52,272 (+2123.4%)	$9.317M (-5.9%)	4.2%	$380.42	—	COM	09857L108
LOW	LOWE'S COS INC USD0.5	18,723 (+21.7%)	$4.128M (+13.6%)	1.9%	$222.37	—	COM	548661107
NFLX	NETFLIX INC	64,089 (+39.7%)	$4.576M (+3.7%)	2.1%	$97.46	—	COM	64110L106

Exited Positions (8)

SHOP SHOPIFY INC 2.4%

Value $5.173M Shares 43,611 Est. Cost $107.04 Unrealized —

MDLZ MONDELEZ INTL INC 2.0%

Value $4.319M Shares 74,924 Est. Cost $60.03 Unrealized —

SE SEA LTD 1.8%

Value $3.904M Shares 47,146 Est. Cost $139.07 Unrealized —

DEO DIAGEO PLC 1.1%

Value $2.461M Shares 33,055 Est. Cost $91.75 Unrealized —

MELI MERCADOLIBRE INC 1.1%

Value $2.447M Shares 1,415 Est. Cost $2105.54 Unrealized —

DPZ DOMINOS PIZZA INC 1.1%

Value $2.31M Shares 6,438 Est. Cost $415.46 Unrealized —

COIN COINBASE GLOBAL INC 1.0%

Value $2.182M Shares 12,494 Est. Cost $325.36 Unrealized —

CCL CARNIVAL CORP 0.9%

Value $1.876M Shares 72,500 Est. Cost $21.28 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHOP	SHOPIFY INC	43,611	$5.173M	2.4%	$107.04	—	—	82509L107
MDLZ	MONDELEZ INTL INC	74,924	$4.319M	2.0%	$60.03	—	—	609207105
SE	SEA LTD	47,146	$3.904M	1.8%	$139.07	—	—	81141R100
DEO	DIAGEO PLC	33,055	$2.461M	1.1%	$91.75	—	—	25243Q205
MELI	MERCADOLIBRE INC	1,415	$2.447M	1.1%	$2105.54	—	—	58733R102
DPZ	DOMINOS PIZZA INC	6,438	$2.31M	1.1%	$415.46	—	—	25754A201
COIN	COINBASE GLOBAL INC	12,494	$2.182M	1.0%	$325.36	—	—	19260Q107
CCL	CARNIVAL CORP	72,500	$1.876M	0.9%	$21.28	—	—	143658300

Decreased Positions (12)

META META PLATFORMS INC 2.7%

Value $6.031M (-45.5%) Shares 10,707 (-44.6%) Est. Cost $554.02 Unrealized —

PG PROCTER & GAMBLE CO 2.4%

Value $5.174M (-37.2%) Shares 35,287 (-38.1%) Est. Cost $148.79 Unrealized —

SPOT SPOTIFY TECHNOLOGY S.A. C 1.4%

Value $3.042M (-38.9%) Shares 6,626 (-35.5%) Est. Cost $631.14 Unrealized —

BABA ALIBABA GROUP HLDG LTD 1.6%

Value $3.477M (-34.9%) Shares 36,231 (-14.8%) Est. Cost $121.43 Unrealized —

GOOGL ALPHABET INC 6.5%

Value $14.29M (+14.6%) Shares 39,993 (-7.8%) Est. Cost $143.21 Unrealized —

AMZN AMAZON COM INC 6.5%

Value $14.34M (+3.9%) Shares 60,176 (-9.2%) Est. Cost $162.83 Unrealized —

AAPL APPLE INC 4.1%

Value $9.114M (-5.5%) Shares 31,496 (-17.1%) Est. Cost $262.82 Unrealized —

KO COCA COLA CO 3.5%

Value $7.635M (+4.0%) Shares 93,941 (-2.7%) Est. Cost $61.80 Unrealized —

TSLA TESLA INC USD0.001 2.6%

Value $5.69M (-3.8%) Shares 13,529 (-14.9%) Est. Cost $327.71 Unrealized —

CL COLGATE-PALMOLIVE CO USD1 1.9%

Value $4.269M (+4.8%) Shares 46,565 (-2.6%) Est. Cost $92.60 Unrealized —

RACE FERRARI NV 1.8%

Value $3.904M (+2.9%) Shares 10,487 (-6.4%) Est. Cost $361.00 Unrealized —

UBER UBER TECHNOLOGIES INC 1.6%

Value $3.606M (-2.4%) Shares 49,979 (-2.7%) Est. Cost $90.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	10,707 (-44.6%)	$6.031M (-45.5%)	2.7%	$554.02	—	CL A	30303M102
PG	PROCTER & GAMBLE CO	35,287 (-38.1%)	$5.174M (-37.2%)	2.4%	$148.79	—	COM	742718109
SPOT	SPOTIFY TECHNOLOGY S.A. C	6,626 (-35.5%)	$3.042M (-38.9%)	1.4%	$631.14	—	SHS	L8681T102
BABA	ALIBABA GROUP HLDG LTD	36,231 (-14.8%)	$3.477M (-34.9%)	1.6%	$121.43	—	SPONSORED ADS	01609W102
GOOGL	ALPHABET INC	39,993 (-7.8%)	$14.29M (+14.6%)	6.5%	$143.21	—	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	60,176 (-9.2%)	$14.34M (+3.9%)	6.5%	$162.83	—	COM	023135106
AAPL	APPLE INC	31,496 (-17.1%)	$9.114M (-5.5%)	4.1%	$262.82	—	COM	037833100
KO	COCA COLA CO	93,941 (-2.7%)	$7.635M (+4.0%)	3.5%	$61.80	—	COM	191216100
TSLA	TESLA INC USD0.001	13,529 (-14.9%)	$5.69M (-3.8%)	2.6%	$327.71	—	COM	88160R101
CL	COLGATE-PALMOLIVE CO USD1	46,565 (-2.6%)	$4.269M (+4.8%)	1.9%	$92.60	—	COM	194162103
RACE	FERRARI NV	10,487 (-6.4%)	$3.904M (+2.9%)	1.8%	$361.00	—	COM	N3167Y103
UBER	UBER TECHNOLOGIES INC	49,979 (-2.7%)	$3.606M (-2.4%)	1.6%	$90.05	—	COM	90353T100