Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLI	SELECT SECTOR SPDR TR	3,565	$660K	0.2%	$185.23	—	ST STR INDL ETF	81369Y704
IGV	ISHARES TR	6,900	$625K	0.2%	$90.60	—	EXPANDED TECH	464287515
NVT	NVENT ELEC PLC	3,400	$577K	0.2%	$169.61	—	SHS	G6700G107
SNDK	SANDISK CORP	215	$489K	0.2%	$2273.73	—	COM	80004C200
DELL	DELL TECHNOLOGIES INC	1,100	$475K	0.2%	$431.46	—	CL C	24703L202
HPE	HEWLETT PACKARD ENTERPRISE C	9,600	$433K	0.1%	$45.11	—	COM	42824C109
NOW	SERVICENOW INC	3,700	$367K	0.1%	$99.28	—	COM	81762P102
LITE	LUMENTUM HLDGS INC	405	$348K	0.1%	$858.06	—	COM	55024U109
JBL	JABIL INC	880	$339K	0.1%	$385.48	—	COM	466313103

Increased Positions (32)

MU MICRON TECHNOLOGY INC 1.0%

Value $3.042M (+342.4%) Shares 2,635 (+29.5%) Est. Cost $561.74 Unrealized —

GOOGL ALPHABET INC 2.4%

Value $6.972M (+36.9%) Shares 19,510 (+10.2%) Est. Cost $207.33 Unrealized —

INTC INTEL CORP 0.7%

Value $2.21M (+510.8%) Shares 15,830 (+93.0%) Est. Cost $91.35 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.7%

Value $2.146M (+397.7%) Shares 3,695 (+74.3%) Est. Cost $374.81 Unrealized —

NVDA NVIDIA CORPORATION 2.9%

Value $8.631M (+22.0%) Shares 43,134 (+6.3%) Est. Cost $120.85 Unrealized —

CAT CATERPILLAR INC 0.9%

Value $2.738M (+124.3%) Shares 2,571 (+49.2%) Est. Cost $809.89 Unrealized —

AMZN AMAZON COM INC 1.9%

Value $5.608M (+27.7%) Shares 23,528 (+11.6%) Est. Cost $174.98 Unrealized —

EWJ ISHARES INC 2.3%

Value $6.805M (+21.3%) Shares 72,961 (+9.8%) Est. Cost $81.63 Unrealized —

XLF SELECT SECTOR SPDR TR 1.2%

Value $3.613M (+47.0%) Shares 67,400 (+35.3%) Est. Cost $54.47 Unrealized —

KBWB INVESCO EXCH TRADED FD TR II 1.9%

Value $5.672M (+24.9%) Shares 61,006 (+6.3%) Est. Cost $79.88 Unrealized —

APH AMPHENOL CORP 0.7%

Value $1.954M (+102.9%) Shares 11,080 (+45.4%) Est. Cost $146.90 Unrealized —

XLV SELECT SECTOR SPDR TR 1.5%

Value $4.537M (+19.5%) Shares 28,595 (+10.4%) Est. Cost $153.76 Unrealized —

ETN EATON CORP PLC 0.6%

Value $1.888M (+42.1%) Shares 4,430 (+19.2%) Est. Cost $288.13 Unrealized —

XLU SELECT SECTOR SPDR TR 1.4%

Value $4.026M (+9.9%) Shares 88,787 (+11.3%) Est. Cost $43.13 Unrealized —

MSFT MICROSOFT CORP 1.9%

Value $5.579M (+6.5%) Shares 14,955 (+5.7%) Est. Cost $364.63 Unrealized —

XLB SELECT SECTOR SPDR TR 0.8%

Value $2.482M (+13.1%) Shares 48,825 (+11.2%) Est. Cost $47.49 Unrealized —

META META PLATFORMS INC 1.2%

Value $3.638M (+8.5%) Shares 6,459 (+10.2%) Est. Cost $467.09 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.2%

Value $733K (+44.7%) Shares 8,417 (+11.5%) Est. Cost $68.97 Unrealized —

BA BOEING CO 0.3%

Value $863K (+35.4%) Shares 3,985 (+24.5%) Est. Cost $234.20 Unrealized —

CME CME GROUP INC 0.3%

Value $1.032M (-16.7%) Shares 4,673 (+11.4%) Est. Cost $175.74 Unrealized —

COPX GLOBAL X FDS 0.5%

Value $1.578M (+11.7%) Shares 20,500 (+10.8%) Est. Cost $72.30 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.2%

Value $608K (+22.4%) Shares 7,016 (+11.1%) Est. Cost $79.31 Unrealized —

MA MASTERCARD INCORPORATED 0.3%

Value $854K (+14.5%) Shares 1,663 (+11.4%) Est. Cost $411.93 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.7%

Value $1.991M (+4.7%) Shares 2,128 (+11.5%) Est. Cost $540.68 Unrealized —

ODFL OLD DOMINION FREIGHT LINE IN 0.2%

Value $679K (+14.7%) Shares 3,133 (+3.5%) Est. Cost $145.64 Unrealized —

EQT EQT CORP 0.4%

Value $1.041M (-6.9%) Shares 19,578 (+11.4%) Est. Cost $55.82 Unrealized —

SOLS SOLSTICE ADVANCED MATLS INC 0.1%

Value $266K (+29.3%) Shares 3,000 (+11.1%) Est. Cost $67.55 Unrealized —

WM WASTE MGMT INC DEL 0.2%

Value $703K (+7.2%) Shares 3,154 (+10.5%) Est. Cost $172.95 Unrealized —

MCK MCKESSON CORP 0.5%

Value $1.376M (-2.5%) Shares 1,821 (+11.6%) Est. Cost $577.96 Unrealized —

WMT WALMART INC 0.7%

Value $1.984M (+1.6%) Shares 17,514 (+11.5%) Est. Cost $59.51 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.2%

Value $629K (-4.0%) Shares 1,582 (+11.3%) Est. Cost $518.75 Unrealized —

TJX TJX COS INC NEW 0.2%

Value $538K (+4.6%) Shares 3,552 (+10.2%) Est. Cost $127.25 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	2,635 (+29.5%)	$3.042M (+342.4%)	1.0%	$561.74	—	COM	595112103
GOOGL	ALPHABET INC	19,510 (+10.2%)	$6.972M (+36.9%)	2.4%	$207.33	—	CAP STK CL A	02079K305
INTC	INTEL CORP	15,830 (+93.0%)	$2.21M (+510.8%)	0.7%	$91.35	—	COM	458140100
AMD	ADVANCED MICRO DEVICES INC	3,695 (+74.3%)	$2.146M (+397.7%)	0.7%	$374.81	—	COM	007903107
NVDA	NVIDIA CORPORATION	43,134 (+6.3%)	$8.631M (+22.0%)	2.9%	$120.85	—	COM	67066G104
CAT	CATERPILLAR INC	2,571 (+49.2%)	$2.738M (+124.3%)	0.9%	$809.89	—	COM	149123101
AMZN	AMAZON COM INC	23,528 (+11.6%)	$5.608M (+27.7%)	1.9%	$174.98	—	COM	023135106
EWJ	ISHARES INC	72,961 (+9.8%)	$6.805M (+21.3%)	2.3%	$81.63	—	MSCI JAPAN ETF	46434G822
XLF	SELECT SECTOR SPDR TR	67,400 (+35.3%)	$3.613M (+47.0%)	1.2%	$54.47	—	ST STR FINL ETF	81369Y605
KBWB	INVESCO EXCH TRADED FD TR II	61,006 (+6.3%)	$5.672M (+24.9%)	1.9%	$79.88	—	KBW BK ETF	46138E628
APH	AMPHENOL CORP	11,080 (+45.4%)	$1.954M (+102.9%)	0.7%	$146.90	—	CL A	032095101
XLV	SELECT SECTOR SPDR TR	28,595 (+10.4%)	$4.537M (+19.5%)	1.5%	$153.76	—	ST STR CARE ETF	81369Y209
ETN	EATON CORP PLC	4,430 (+19.2%)	$1.888M (+42.1%)	0.6%	$288.13	—	SHS	G29183103
XLU	SELECT SECTOR SPDR TR	88,787 (+11.3%)	$4.026M (+9.9%)	1.4%	$43.13	—	ST STR UTIL ETF	81369Y886
MSFT	MICROSOFT CORP	14,955 (+5.7%)	$5.579M (+6.5%)	1.9%	$364.63	—	COM	594918104
XLB	SELECT SECTOR SPDR TR	48,825 (+11.2%)	$2.482M (+13.1%)	0.8%	$47.49	—	ST STR MATER ETF	81369Y100
META	META PLATFORMS INC	6,459 (+10.2%)	$3.638M (+8.5%)	1.2%	$467.09	—	CL A	30303M102
IBKR	INTERACTIVE BROKERS GROUP IN	8,417 (+11.5%)	$733K (+44.7%)	0.2%	$68.97	—	COM CL A	45841N107
BA	BOEING CO	3,985 (+24.5%)	$863K (+35.4%)	0.3%	$234.20	—	COM	097023105
CME	CME GROUP INC	4,673 (+11.4%)	$1.032M (-16.7%)	0.3%	$175.74	—	COM	12572Q105
COPX	GLOBAL X FDS	20,500 (+10.8%)	$1.578M (+11.7%)	0.5%	$72.30	—	GLOBAL X COPPER	37954Y830
CP	CANADIAN PACIFIC KANSAS CITY	7,016 (+11.1%)	$608K (+22.4%)	0.2%	$79.31	—	COM	13646K108
MA	MASTERCARD INCORPORATED	1,663 (+11.4%)	$854K (+14.5%)	0.3%	$411.93	—	CL A	57636Q104
COST	COSTCO WHOLESALE CORPORATION	2,128 (+11.5%)	$1.991M (+4.7%)	0.7%	$540.68	—	COM	22160K105
ODFL	OLD DOMINION FREIGHT LINE IN	3,133 (+3.5%)	$679K (+14.7%)	0.2%	$145.64	—	COM	679580100
EQT	EQT CORP	19,578 (+11.4%)	$1.041M (-6.9%)	0.4%	$55.82	—	COM	26884L109
SOLS	SOLSTICE ADVANCED MATLS INC	3,000 (+11.1%)	$266K (+29.3%)	0.1%	$67.55	—	COM SHS	83443Q103
WM	WASTE MGMT INC DEL	3,154 (+10.5%)	$703K (+7.2%)	0.2%	$172.95	—	COM	94106L109
MCK	MCKESSON CORP	1,821 (+11.6%)	$1.376M (-2.5%)	0.5%	$577.96	—	COM	58155Q103
WMT	WALMART INC	17,514 (+11.5%)	$1.984M (+1.6%)	0.7%	$59.51	—	COM	931142103
ISRG	INTUITIVE SURGICAL INC	1,582 (+11.3%)	$629K (-4.0%)	0.2%	$518.75	—	COM NEW	46120E602
TJX	TJX COS INC NEW	3,552 (+10.2%)	$538K (+4.6%)	0.2%	$127.25	—	COM	872540109

Exited Positions (2)

URTH ISHARES INC 4.1%

Value $12.28M Shares 68,200 Est. Cost $180.02 Unrealized —

MGA MAGNA INTL INC 0.4%

Value $1.116M Shares 20,000 Est. Cost $50.25 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
URTH	ISHARES INC	68,200	$12.28M	4.1%	$180.02	—	—	464286392
MGA	MAGNA INTL INC	20,000	$1.116M	0.4%	$50.25	—	—	559222401

Decreased Positions (6)

XLE SELECT SECTOR SPDR TR 0.6%

Value $1.801M (-48.3%) Shares 33,920 (-40.4%) Est. Cost $47.02 Unrealized —

AAPL APPLE INC 1.9%

Value $5.544M (+9.7%) Shares 19,160 (-3.8%) Est. Cost $225.58 Unrealized —

AVGO BROADCOM INC 1.1%

Value $3.34M (+16.8%) Shares 8,841 (-4.3%) Est. Cost $202.03 Unrealized —

LLY ELI LILLY & CO 0.8%

Value $2.407M (+12.1%) Shares 2,007 (-14.0%) Est. Cost $608.22 Unrealized —

TER TERADYNE INC 0.4%

Value $1.108M (+7.1%) Shares 2,290 (-34.4%) Est. Cost $171.50 Unrealized —

NOK NOKIA CORP 0.2%

Value $556K (+11.4%) Shares 41,900 (-32.5%) Est. Cost $8.04 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLE	SELECT SECTOR SPDR TR	33,920 (-40.4%)	$1.801M (-48.3%)	0.6%	$47.02	—	ST STR ENERG ETF	81369Y506
AAPL	APPLE INC	19,160 (-3.8%)	$5.544M (+9.7%)	1.9%	$225.58	—	COM	037833100
AVGO	BROADCOM INC	8,841 (-4.3%)	$3.34M (+16.8%)	1.1%	$202.03	—	COM	11135F101
LLY	ELI LILLY & CO	2,007 (-14.0%)	$2.407M (+12.1%)	0.8%	$608.22	—	COM	532457108
TER	TERADYNE INC	2,290 (-34.4%)	$1.108M (+7.1%)	0.4%	$171.50	—	COM	880770102
NOK	NOKIA CORP	41,900 (-32.5%)	$556K (+11.4%)	0.2%	$8.04	—	SPONSORED ADR	654902204

Unchanged Positions (8)

VOO VANGUARD INDEX FDS 47.9%

Value $142M Shares 206,920 Est. Cost $589.35 Unrealized —

VPL VANGUARD INTL EQUITY INDEX F 7.9%

Value $23.45M Shares 202,700 Est. Cost $91.27 Unrealized —

FXI ISHARES TR 2.8%

Value $8.289M Shares 262,400 Est. Cost $35.94 Unrealized —

VGK VANGUARD INTL EQUITY INDEX F 3.0%

Value $8.978M Shares 101,400 Est. Cost $83.47 Unrealized —

BBCA J P MORGAN EXCHANGE TRADED F 1.9%

Value $5.765M Shares 58,000 Est. Cost $93.28 Unrealized —

KRE SPDR SERIES TRUST 0.3%

Value $952K Shares 12,718 Est. Cost $64.81 Unrealized —

XHB SPDR SERIES TRUST 0.2%

Value $508K Shares 4,392 Est. Cost $98.72 Unrealized —

ROST ROSS STORES INC 0.4%

Value $1.079M Shares 5,070 Est. Cost $192.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	206,920	$142M	47.9%	$589.35	—	S&P 500 ETF SHS	922908363
VPL	VANGUARD INTL EQUITY INDEX F	202,700	$23.45M	7.9%	$91.27	—	FTSE PACIFIC ETF	922042866
FXI	ISHARES TR	262,400	$8.289M	2.8%	$35.94	—	CHINA LG-CAP ETF	464287184
VGK	VANGUARD INTL EQUITY INDEX F	101,400	$8.978M	3.0%	$83.47	—	FTSE EUROPE ETF	922042874
BBCA	J P MORGAN EXCHANGE TRADED F	58,000	$5.765M	1.9%	$93.28	—	BETA CDA ETF NEW	46641Q225
KRE	SPDR SERIES TRUST	12,718	$952K	0.3%	$64.81	—	ST STR SP REGBNK	78464A698
XHB	SPDR SERIES TRUST	4,392	$508K	0.2%	$98.72	—	ST STR SP HOME	78464A888
ROST	ROSS STORES INC	5,070	$1.079M	0.4%	$192.38	—	COM	778296103