Brendel Financial Advisors LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXPD	EXPEDITORS INTL WASH INC	28,274	$4,213	2.1%	$135.64	0.0%	COM	302130109
CB	CHUBB LIMITED	12,452	$3,887	1.9%	$292.40	0.0%	COM	H1467J104
WST	WEST PHARMACEUTICAL SVSC INC	13,599	$3,742	1.8%	$273.43	0.0%	COM	955306105
NDSN	NORDSON CORP	15,165	$3,646	1.8%	$234.27	0.0%	COM	655663102
AA	ALCOA CORP	64,294	$3,417	1.7%	$40.88	0.0%	COM	013872106
JKHY	HENRY JACK & ASSOC INC	16,445	$3,001	1.5%	$166.24	0.0%	COM	426281101
TER	TERADYNE INC	13,506	$2,614	1.3%	$171.50	0.0%	COM	880770102
WM	WASTE MGMT INC DEL	10,692	$2,349	1.2%	$212.55	0.0%	COM	94106L109
IYG	ISHARES TR	10,293	$950	0.5%	$92.25	—	U.S. FIN SVC ETF	464287770
IYF	ISHARES TR	7,082	$913	0.4%	$128.93	—	U.S. FINLS ETF	464287788
BKTI	BK TECHNOLOGIES CORPORATION	4,394	$328	0.2%	$71.66	0.0%	COM NEW	05587G203
PPIH	PERMA-PIPE INTL HLDGS INC	10,154	$308	0.2%	$27.42	0.0%	COM	714167103
CRS	CARPENTER TECHNOLOGY CORP	770	$242	0.1%	$300.56	0.0%	COM	144285103
FIVE	FIVE BELOW INC	1,287	$242	0.1%	$162.56	0.0%	COM	33829M101
NECB	NORTHEAST CMNTY BANCORP INC	10,323	$233	0.1%	$20.92	0.0%	COM	664121100
SHOP	SHOPIFY INC	1,449	$233	0.1%	$160.56	0.0%	CL A SUB VTG SHS	82509L107

Increased Positions (32)

FSLR FIRST SOLAR INC 1.4%

Value ($000) $2,867 (+1175.7%) Shares 10,974 (+976.9%) Est. Cost $246.61 Unrealized +2.3%

NUE NUCOR CORP 2.1%

Value ($000) $4,270 (+26.7%) Shares 26,177 (+5.2%) Est. Cost $140.97 Unrealized +6.2%

JNJ JOHNSON & JOHNSON 2.8%

Value ($000) $5,631 (+15.1%) Shares 27,210 (+3.1%) Est. Cost $150.82 Unrealized +30.6%

CMI CUMMINS INC 1.5%

Value ($000) $3,129 (+25.4%) Shares 6,130 (+3.7%) Est. Cost $383.76 Unrealized +21.5%

WMT WALMART INC 2.8%

Value ($000) $5,633 (+12.3%) Shares 50,561 (+3.9%) Est. Cost $64.24 Unrealized +66.9%

NFLX NETFLIX INC 1.4%

Value ($000) $2,777 (-17.3%) Shares 29,616 (+958.1%) Est. Cost $101.21 Unrealized +6.5%

NEE NEXTERA ENERGY INC 2.4%

Value ($000) $4,787 (+11.0%) Shares 59,623 (+4.4%) Est. Cost $69.09 Unrealized +19.4%

GLD SPDR GOLD TR 1.7%

Value ($000) $3,490 (+14.5%) Shares 8,805 (+2.7%) Est. Cost $172.00 Unrealized —

SPGI S&P GLOBAL INC 2.1%

Value ($000) $4,202 (+10.8%) Shares 8,041 (+3.2%) Est. Cost $421.84 Unrealized +17.2%

IBM INTERNATIONAL BUSINESS MACHS 2.4%

Value ($000) $4,832 (+9.1%) Shares 16,314 (+4.0%) Est. Cost $246.96 Unrealized +21.0%

SRLN SSGA ACTIVE ETF TR 1.4%

Value ($000) $2,865 (+14.7%) Shares 69,409 (+15.6%) Est. Cost $5.60 Unrealized —

AMZN AMAZON COM INC 1.7%

Value ($000) $3,459 (+10.8%) Shares 14,985 (+5.4%) Est. Cost $184.80 Unrealized +23.8%

CINF CINCINNATI FINL CORP 2.1%

Value ($000) $4,363 (+8.2%) Shares 26,715 (+4.7%) Est. Cost $139.32 Unrealized +15.7%

AAPL APPLE INC 1.9%

Value ($000) $3,901 (+8.1%) Shares 14,349 (+1.2%) Est. Cost $187.95 Unrealized +42.8%

HYLS FIRST TR EXCHANGE-TRADED FD 1.5%

Value ($000) $3,023 (+9.3%) Shares 72,210 (+9.8%) Est. Cost $27.90 Unrealized —

AVGO BROADCOM INC 1.6%

Value ($000) $3,222 (+6.9%) Shares 9,310 (+1.9%) Est. Cost $222.77 Unrealized +60.3%

AMP AMERIPRISE FINL INC 0.7%

Value ($000) $1,455 (+16.5%) Shares 2,968 (+16.7%) Est. Cost $161.90 Unrealized +192.7%

SJNK SPDR SERIES TRUST 1.4%

Value ($000) $2,807 (+7.5%) Shares 110,880 (+8.7%) Est. Cost $16.76 Unrealized —

MSFT MICROSOFT CORP 2.2%

Value ($000) $4,386 (-3.9%) Shares 9,070 (+2.9%) Est. Cost $423.60 Unrealized +18.2%

ABBV ABBVIE INC 2.7%

Value ($000) $5,478 (+3.3%) Shares 23,974 (+4.7%) Est. Cost $172.67 Unrealized +31.8%

GD GENERAL DYNAMICS CORP 2.1%

Value ($000) $4,217 (+2.6%) Shares 12,525 (+3.9%) Est. Cost $276.50 Unrealized +23.3%

TSLA TESLA INC 2.0%

Value ($000) $3,987 (+2.6%) Shares 8,866 (+1.4%) Est. Cost $183.05 Unrealized +142.2%

ARCC ARES CAPITAL CORP 1.3%

Value ($000) $2,590 (+3.9%) Shares 128,028 (+4.8%) Est. Cost $18.69 Unrealized +5.9%

CHRW C H ROBINSON WORLDWIDE INC 0.2%

Value ($000) $466 (+24.0%) Shares 2,896 (+2.2%) Est. Cost $78.55 Unrealized +87.5%

APPS DIGITAL TURBINE INC 0.2%

Value ($000) $340 (-20.1%) Shares 68,007 (+2.3%) Est. Cost $4.98 Unrealized +13.6%

PFXF VANECK ETF TRUST 1.4%

Value ($000) $2,880 (+2.9%) Shares 163,097 (+3.6%) Est. Cost $1.89 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 1.4%

Value ($000) $2,939 (+2.6%) Shares 139,929 (+2.2%) Est. Cost $2.28 Unrealized —

EMR EMERSON ELEC CO 0.1%

Value ($000) $250 (+24.3%) Shares 1,884 (+22.8%) Est. Cost $117.04 Unrealized +13.1%

BAC BANK AMERICA CORP 0.1%

Value ($000) $248 (+12.0%) Shares 4,508 (+5.1%) Est. Cost $41.99 Unrealized +25.4%

CTAS CINTAS CORP 2.5%

Value ($000) $5,036 (-0.4%) Shares 26,779 (+8.7%) Est. Cost $185.77 Unrealized +1.3%

IBEX IBEX LTD 0.2%

Value ($000) $367 (-2.7%) Shares 9,600 (+3.3%) Est. Cost $24.39 Unrealized +51.6%

META META PLATFORMS INC 1.4%

Value ($000) $2,903 (-0.2%) Shares 4,398 (+11.0%) Est. Cost $276.81 Unrealized +141.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSLR	FIRST SOLAR INC	10,974 (+976.9%)	$2,867 (+1175.7%)	1.4%	$246.61	+2.3%	COM	336433107
NUE	NUCOR CORP	26,177 (+5.2%)	$4,270 (+26.7%)	2.1%	$140.97	+6.2%	COM	670346105
JNJ	JOHNSON & JOHNSON	27,210 (+3.1%)	$5,631 (+15.1%)	2.8%	$150.82	+30.6%	COM	478160104
CMI	CUMMINS INC	6,130 (+3.7%)	$3,129 (+25.4%)	1.5%	$383.76	+21.5%	COM	231021106
WMT	WALMART INC	50,561 (+3.9%)	$5,633 (+12.3%)	2.8%	$64.24	+66.9%	COM	931142103
NFLX	NETFLIX INC	29,616 (+958.1%)	$2,777 (-17.3%)	1.4%	$101.21	+6.5%	COM	64110L106
NEE	NEXTERA ENERGY INC	59,623 (+4.4%)	$4,787 (+11.0%)	2.4%	$69.09	+19.4%	COM	65339F101
GLD	SPDR GOLD TR	8,805 (+2.7%)	$3,490 (+14.5%)	1.7%	$172.00	—	GOLD SHS	78463V107
SPGI	S&P GLOBAL INC	8,041 (+3.2%)	$4,202 (+10.8%)	2.1%	$421.84	+17.2%	COM	78409V104
IBM	INTERNATIONAL BUSINESS MACHS	16,314 (+4.0%)	$4,832 (+9.1%)	2.4%	$246.96	+21.0%	COM	459200101
SRLN	SSGA ACTIVE ETF TR	69,409 (+15.6%)	$2,865 (+14.7%)	1.4%	$5.60	—	STATE STREET BLA	78467V608
AMZN	AMAZON COM INC	14,985 (+5.4%)	$3,459 (+10.8%)	1.7%	$184.80	+23.8%	COM	023135106
CINF	CINCINNATI FINL CORP	26,715 (+4.7%)	$4,363 (+8.2%)	2.1%	$139.32	+15.7%	COM	172062101
AAPL	APPLE INC	14,349 (+1.2%)	$3,901 (+8.1%)	1.9%	$187.95	+42.8%	COM	037833100
HYLS	FIRST TR EXCHANGE-TRADED FD	72,210 (+9.8%)	$3,023 (+9.3%)	1.5%	$27.90	—	FIRST TR TA HIYL	33738D408
AVGO	BROADCOM INC	9,310 (+1.9%)	$3,222 (+6.9%)	1.6%	$222.77	+60.3%	COM	11135F101
AMP	AMERIPRISE FINL INC	2,968 (+16.7%)	$1,455 (+16.5%)	0.7%	$161.90	+192.7%	COM	03076C106
SJNK	SPDR SERIES TRUST	110,880 (+8.7%)	$2,807 (+7.5%)	1.4%	$16.76	—	STATE STREET SPD	78468R408
MSFT	MICROSOFT CORP	9,070 (+2.9%)	$4,386 (-3.9%)	2.2%	$423.60	+18.2%	COM	594918104
ABBV	ABBVIE INC	23,974 (+4.7%)	$5,478 (+3.3%)	2.7%	$172.67	+31.8%	COM	00287Y109
GD	GENERAL DYNAMICS CORP	12,525 (+3.9%)	$4,217 (+2.6%)	2.1%	$276.50	+23.3%	COM	369550108
TSLA	TESLA INC	8,866 (+1.4%)	$3,987 (+2.6%)	2.0%	$183.05	+142.2%	COM	88160R101
ARCC	ARES CAPITAL CORP	128,028 (+4.8%)	$2,590 (+3.9%)	1.3%	$18.69	+5.9%	COM	04010L103
CHRW	C H ROBINSON WORLDWIDE INC	2,896 (+2.2%)	$466 (+24.0%)	0.2%	$78.55	+87.5%	COM NEW	12541W209
APPS	DIGITAL TURBINE INC	68,007 (+2.3%)	$340 (-20.1%)	0.2%	$4.98	+13.6%	COM NEW	25400W102
PFXF	VANECK ETF TRUST	163,097 (+3.6%)	$2,880 (+2.9%)	1.4%	$1.89	—	PREFERRED SECURT	92189F429
BKLN	INVESCO EXCH TRADED FD TR II	139,929 (+2.2%)	$2,939 (+2.6%)	1.4%	$2.28	—	SR LN ETF	46138G508
EMR	EMERSON ELEC CO	1,884 (+22.8%)	$250 (+24.3%)	0.1%	$117.04	+13.1%	COM	291011104
BAC	BANK AMERICA CORP	4,508 (+5.1%)	$248 (+12.0%)	0.1%	$41.99	+25.4%	COM	060505104
CTAS	CINTAS CORP	26,779 (+8.7%)	$5,036 (-0.4%)	2.5%	$185.77	+1.3%	COM	172908105
IBEX	IBEX LTD	9,600 (+3.3%)	$367 (-2.7%)	0.2%	$24.39	+51.6%	SHS NEW	G4690M101
META	META PLATFORMS INC	4,398 (+11.0%)	$2,903 (-0.2%)	1.4%	$276.81	+141.1%	CL A	30303M102

Exited Positions (18)

FAST FASTENAL CO 1.9%

Value ($000) $3,902 Shares 79,564 Est. Cost $46.94 Unrealized -10.5%

ATO ATMOS ENERGY CORP 1.9%

Value ($000) $3,814 Shares 22,339 Est. Cost $143.63 Unrealized +20.0%

SWK STANLEY BLACK & DECKER INC 1.7%

Value ($000) $3,453 Shares 46,449 Est. Cost $71.94 Unrealized -2.8%

SOFI SOFI TECHNOLOGIES INC 1.5%

Value ($000) $3,074 Shares 116,369 Est. Cost $13.19 Unrealized +111.3%

BPOP POPULAR INC 1.3%

Value ($000) $2,660 Shares 20,941 Est. Cost $118.24 Unrealized -0.5%

PHM PULTE GROUP INC 1.2%

Value ($000) $2,406 Shares 18,211 Est. Cost $123.78 Unrealized -1.1%

IETC ISHARES U S ETF TR 0.5%

Value ($000) $1,071 Shares 10,505 Est. Cost $101.93 Unrealized —

IAI ISHARES TR 0.5%

Value ($000) $939 Shares 5,308 Est. Cost $176.88 Unrealized —

CMCL CALEDONIA MNG CORP PLC 0.2%

Value ($000) $392 Shares 10,823 Est. Cost $25.44 Unrealized +15.6%

RMAX RE MAX HLDGS INC 0.2%

Value ($000) $350 Shares 37,140 Est. Cost $8.83 Unrealized -8.1%

OPRX OPTIMIZERX CORP 0.2%

Value ($000) $350 Shares 17,054 Est. Cost $15.86 Unrealized +3.0%

FTNT FORTINET INC 0.1%

Value ($000) $270 Shares 3,212 Est. Cost $88.99 Unrealized -6.8%

STRL STERLING INFRASTRUCTURE INC 0.1%

Value ($000) $255 Shares 750 Est. Cost $283.87 Unrealized +21.4%

APPF APPFOLIO INC 0.1%

Value ($000) $241 Shares 873 Est. Cost $270.12 Unrealized -12.0%

IBIT ISHARES BITCOIN TRUST ETF 0.1%

Value ($000) $237 Shares 3,646 Est. Cost $65.00 Unrealized —

HWM HOWMET AEROSPACE INC 0.1%

Value ($000) $231 Shares 1,178 Est. Cost $182.11 Unrealized +9.3%

APD AIR PRODS & CHEMS INC 0.1%

Value ($000) $204 Shares 749 Est. Cost $244.66 Unrealized +2.9%

MHO M/I HOMES INC 0.1%

Value ($000) $203 Shares 1,404 Est. Cost $135.28 Unrealized -2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FAST	FASTENAL CO	79,564	$3,902	1.9%	$46.94	-10.5%	—	311900104
ATO	ATMOS ENERGY CORP	22,339	$3,814	1.9%	$143.63	+20.0%	—	049560105
SWK	STANLEY BLACK & DECKER INC	46,449	$3,453	1.7%	$71.94	-2.8%	—	854502101
SOFI	SOFI TECHNOLOGIES INC	116,369	$3,074	1.5%	$13.19	+111.3%	—	83406F102
BPOP	POPULAR INC	20,941	$2,660	1.3%	$118.24	-0.5%	—	733174700
PHM	PULTE GROUP INC	18,211	$2,406	1.2%	$123.78	-1.1%	—	745867101
IETC	ISHARES U S ETF TR	10,505	$1,071	0.5%	$101.93	—	—	46431W648
IAI	ISHARES TR	5,308	$939	0.5%	$176.88	—	—	464288794
CMCL	CALEDONIA MNG CORP PLC	10,823	$392	0.2%	$25.44	+15.6%	—	G1757E113
RMAX	RE MAX HLDGS INC	37,140	$350	0.2%	$8.83	-8.1%	—	75524W108
OPRX	OPTIMIZERX CORP	17,054	$350	0.2%	$15.86	+3.0%	—	68401U204
FTNT	FORTINET INC	3,212	$270	0.1%	$88.99	-6.8%	—	34959E109
STRL	STERLING INFRASTRUCTURE INC	750	$255	0.1%	$283.87	+21.4%	—	859241101
APPF	APPFOLIO INC	873	$241	0.1%	$270.12	-12.0%	—	03783C100
IBIT	ISHARES BITCOIN TRUST ETF	3,646	$237	0.1%	$65.00	—	—	46438F101
HWM	HOWMET AEROSPACE INC	1,178	$231	0.1%	$182.11	+9.3%	—	443201108
APD	AIR PRODS & CHEMS INC	749	$204	0.1%	$244.66	+2.9%	—	009158106
MHO	M/I HOMES INC	1,404	$203	0.1%	$135.28	-2.3%	—	55305B101

Decreased Positions (23)

ITW ILLINOIS TOOL WKS INC 0.1%

Value ($000) $236 (-93.5%) Shares 960 (-93.1%) Est. Cost $255.89 Unrealized -3.3%

AFL AFLAC INC 0.2%

Value ($000) $412 (-89.0%) Shares 3,733 (-88.8%) Est. Cost $101.05 Unrealized +8.7%

WMB WILLIAMS COS INC 0.1%

Value ($000) $269 (-89.0%) Shares 4,469 (-88.4%) Est. Cost $38.38 Unrealized +56.5%

GOOG ALPHABET INC 2.1%

Value ($000) $4,223 (+24.9%) Shares 13,458 (-3.0%) Est. Cost $184.10 Unrealized +55.5%

CAT CATERPILLAR INC 2.6%

Value ($000) $5,266 (+18.5%) Shares 9,192 (-1.3%) Est. Cost $333.30 Unrealized +66.7%

AGG ISHARES TR 0.5%

Value ($000) $954 (-11.8%) Shares 9,555 (-11.5%) Est. Cost $100.25 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.1%

Value ($000) $291 (-29.9%) Shares 1,130 (-20.0%) Est. Cost $294.83 Unrealized -10.2%

PG PROCTER AND GAMBLE CO 0.2%

Value ($000) $308 (-24.4%) Shares 2,149 (-18.9%) Est. Cost $157.20 Unrealized -6.4%

IDU ISHARES TR 0.4%

Value ($000) $869 (-8.7%) Shares 8,019 (-6.5%) Est. Cost $110.90 Unrealized —

NEM NEWMONT CORP 0.4%

Value ($000) $903 (+8.8%) Shares 9,047 (-8.1%) Est. Cost $46.21 Unrealized +95.2%

BRO BROWN & BROWN INC 0.1%

Value ($000) $235 (-19.7%) Shares 2,943 (-5.5%) Est. Cost $85.97 Unrealized -3.0%

BHB BAR HBR BANKSHARES 0.2%

Value ($000) $312 (-14.7%) Shares 10,053 (-16.4%) Est. Cost $23.85 Unrealized +25.7%

ITA ISHARES TR 0.5%

Value ($000) $986 (-4.1%) Shares 4,593 (-6.5%) Est. Cost $209.26 Unrealized —

CLS CELESTICA INC 0.2%

Value ($000) $415 (+9.5%) Shares 1,403 (-8.7%) Est. Cost $106.30 Unrealized +183.5%

BK BANK NEW YORK MELLON CORP 0.2%

Value ($000) $433 (+5.1%) Shares 3,729 (-1.3%) Est. Cost $101.35 Unrealized +9.0%

IYZ ISHARES TR 0.5%

Value ($000) $964 (-1.9%) Shares 28,441 (-6.6%) Est. Cost $32.26 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.2%

Value ($000) $391 (+3.6%) Shares 445 (-6.1%) Est. Cost $583.09 Unrealized +39.5%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $274 (+4.3%) Shares 2,030 (-4.5%) Est. Cost $109.40 Unrealized +22.1%

CTVA CORTEVA INC 0.1%

Value ($000) $230 (-3.4%) Shares 3,425 (-2.5%) Est. Cost $51.63 Unrealized +25.0%

RKLB ROCKET LAB CORP 0.1%

Value ($000) $248 (+2.4%) Shares 3,548 (-29.6%) Est. Cost $45.36 Unrealized +26.4%

GWW WW GRAINGER INC 0.2%

Value ($000) $419 (+0.6%) Shares 415 (-5.0%) Est. Cost $1041.50 Unrealized -7.0%

FLEX FLEX LTD 0.2%

Value ($000) $411 (-0.4%) Shares 6,806 (-4.5%) Est. Cost $38.97 Unrealized +58.5%

AEP AMERICAN ELEC PWR CO INC 0.2%

Value ($000) $372 (+0.4%) Shares 3,226 (-2.1%) Est. Cost $71.72 Unrealized +64.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITW	ILLINOIS TOOL WKS INC	960 (-93.1%)	$236 (-93.5%)	0.1%	$255.89	-3.3%	COM	452308109
AFL	AFLAC INC	3,733 (-88.8%)	$412 (-89.0%)	0.2%	$101.05	+8.7%	COM	001055102
WMB	WILLIAMS COS INC	4,469 (-88.4%)	$269 (-89.0%)	0.1%	$38.38	+56.5%	COM	969457100
GOOG	ALPHABET INC	13,458 (-3.0%)	$4,223 (+24.9%)	2.1%	$184.10	+55.5%	CAP STK CL C	02079K107
CAT	CATERPILLAR INC	9,192 (-1.3%)	$5,266 (+18.5%)	2.6%	$333.30	+66.7%	COM	149123101
AGG	ISHARES TR	9,555 (-11.5%)	$954 (-11.8%)	0.5%	$100.25	—	CORE US AGGBD ET	464287226
ADP	AUTOMATIC DATA PROCESSING IN	1,130 (-20.0%)	$291 (-29.9%)	0.1%	$294.83	-10.2%	COM	053015103
PG	PROCTER AND GAMBLE CO	2,149 (-18.9%)	$308 (-24.4%)	0.2%	$157.20	-6.4%	COM	742718109
IDU	ISHARES TR	8,019 (-6.5%)	$869 (-8.7%)	0.4%	$110.90	—	U.S. UTILITS ETF	464287697
NEM	NEWMONT CORP	9,047 (-8.1%)	$903 (+8.8%)	0.4%	$46.21	+95.2%	COM	651639106
BRO	BROWN & BROWN INC	2,943 (-5.5%)	$235 (-19.7%)	0.1%	$85.97	-3.0%	COM	115236101
BHB	BAR HBR BANKSHARES	10,053 (-16.4%)	$312 (-14.7%)	0.2%	$23.85	+25.7%	COM	066849100
ITA	ISHARES TR	4,593 (-6.5%)	$986 (-4.1%)	0.5%	$209.26	—	US AER DEF ETF	464288760
CLS	CELESTICA INC	1,403 (-8.7%)	$415 (+9.5%)	0.2%	$106.30	+183.5%	COM	15101Q207
BK	BANK NEW YORK MELLON CORP	3,729 (-1.3%)	$433 (+5.1%)	0.2%	$101.35	+9.0%	COM	064058100
IYZ	ISHARES TR	28,441 (-6.6%)	$964 (-1.9%)	0.5%	$32.26	—	US TELECOM ETF	464287713
GS	GOLDMAN SACHS GROUP INC	445 (-6.1%)	$391 (+3.6%)	0.2%	$583.09	+39.5%	COM	38141G104
APH	AMPHENOL CORP NEW	2,030 (-4.5%)	$274 (+4.3%)	0.1%	$109.40	+22.1%	CL A	032095101
CTVA	CORTEVA INC	3,425 (-2.5%)	$230 (-3.4%)	0.1%	$51.63	+25.0%	COM	22052L104
RKLB	ROCKET LAB CORP	3,548 (-29.6%)	$248 (+2.4%)	0.1%	$45.36	+26.4%	COM	773121108
GWW	WW GRAINGER INC	415 (-5.0%)	$419 (+0.6%)	0.2%	$1041.50	-7.0%	COM	384802104
FLEX	FLEX LTD	6,806 (-4.5%)	$411 (-0.4%)	0.2%	$38.97	+58.5%	ORD	Y2573F102
AEP	AMERICAN ELEC PWR CO INC	3,226 (-2.1%)	$372 (+0.4%)	0.2%	$71.72	+64.1%	COM	025537101

Unchanged Positions (29)

SHW SHERWIN WILLIAMS CO 5.3%

Value ($000) $10,805 Shares 33,345 Est. Cost $305.10 Unrealized +9.5%

BAR GRANITESHARES GOLD TR 3.1%

Value ($000) $6,294 Shares 148,130 Est. Cost $12.86 Unrealized —

AXP AMERICAN EXPRESS CO 2.5%

Value ($000) $5,165 Shares 13,960 Est. Cost $156.99 Unrealized +127.4%

MRK MERCK & CO INC 1.2%

Value ($000) $2,491 Shares 23,668 Est. Cost $57.51 Unrealized +62.1%

ORCL ORACLE CORP 0.3%

Value ($000) $620 Shares 3,179 Est. Cost $71.00 Unrealized +235.3%

XOM EXXON MOBIL CORP 1.0%

Value ($000) $1,993 Shares 16,564 Est. Cost $57.10 Unrealized +102.3%

DOV DOVER CORP 0.5%

Value ($000) $916 Shares 4,690 Est. Cost $178.51 Unrealized +1.9%

PLTR PALANTIR TECHNOLOGIES INC 2.1%

Value ($000) $4,217 Shares 23,723 Est. Cost $76.58 Unrealized +136.4%

CARR CARRIER GLOBAL CORPORATION 0.3%

Value ($000) $673 Shares 12,743 Est. Cost $33.64 Unrealized +65.0%

JPM JPMORGAN CHASE & CO. 2.0%

Value ($000) $4,129 Shares 12,814 Est. Cost $87.86 Unrealized +252.3%

GOOGL ALPHABET INC 0.1%

Value ($000) $290 Shares 926 Est. Cost $209.20 Unrealized +36.5%

PFE PFIZER INC 1.1%

Value ($000) $2,203 Shares 88,461 Est. Cost $24.77 Unrealized +1.1%

ABT ABBOTT LABS 0.5%

Value ($000) $985 Shares 7,863 Est. Cost $104.89 Unrealized +21.4%

OGE OGE ENERGY CORP 0.3%

Value ($000) $512 Shares 12,000 Est. Cost $35.11 Unrealized +27.0%

RTX RTX CORPORATION 0.2%

Value ($000) $479 Shares 2,611 Est. Cost $84.05 Unrealized +106.2%

VTRS VIATRIS INC 0.1%

Value ($000) $132 Shares 10,592 Est. Cost $13.33 Unrealized -19.6%

ENB ENBRIDGE INC 0.2%

Value ($000) $462 Shares 9,661 Est. Cost $34.17 Unrealized +37.9%

SO SOUTHERN CO 0.1%

Value ($000) $270 Shares 3,100 Est. Cost $71.79 Unrealized +26.6%

NVDA NVIDIA CORPORATION 2.0%

Value ($000) $4,126 Shares 22,124 Est. Cost $120.31 Unrealized +54.7%

MMM 3M CO 0.4%

Value ($000) $743 Shares 4,642 Est. Cost $126.96 Unrealized +28.5%

CVX CHEVRON CORP NEW 0.5%

Value ($000) $948 Shares 6,223 Est. Cost $148.44 Unrealized +2.0%

CI THE CIGNA GROUP 0.1%

Value ($000) $251 Shares 912 Est. Cost $334.20 Unrealized -16.4%

LOW LOWES COS INC 0.1%

Value ($000) $275 Shares 1,139 Est. Cost $221.35 Unrealized +8.3%

TRV TRAVELERS COMPANIES INC 0.1%

Value ($000) $274 Shares 944 Est. Cost $215.32 Unrealized +30.3%

PPG PPG INDS INC 0.2%

Value ($000) $342 Shares 3,334 Est. Cost $127.35 Unrealized -21.4%

GE GE AEROSPACE 0.2%

Value ($000) $334 Shares 1,083 Est. Cost $195.73 Unrealized +53.7%

PEP PEPSICO INC 0.1%

Value ($000) $250 Shares 1,745 Est. Cost $162.33 Unrealized -10.1%

ED CONSOLIDATED EDISON INC 0.2%

Value ($000) $409 Shares 4,122 Est. Cost $87.77 Unrealized +12.6%

RSP INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $229 Shares 1,197 Est. Cost $25.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHW	SHERWIN WILLIAMS CO	33,345	$10,805	5.3%	$305.10	+9.5%	COM	824348106
BAR	GRANITESHARES GOLD TR	148,130	$6,294	3.1%	$12.86	—	SHS BEN INT	38748G101
AXP	AMERICAN EXPRESS CO	13,960	$5,165	2.5%	$156.99	+127.4%	COM	025816109
MRK	MERCK & CO INC	23,668	$2,491	1.2%	$57.51	+62.1%	COM	58933Y105
ORCL	ORACLE CORP	3,179	$620	0.3%	$71.00	+235.3%	COM	68389X105
XOM	EXXON MOBIL CORP	16,564	$1,993	1.0%	$57.10	+102.3%	COM	30231G102
DOV	DOVER CORP	4,690	$916	0.5%	$178.51	+1.9%	COM	260003108
PLTR	PALANTIR TECHNOLOGIES INC	23,723	$4,217	2.1%	$76.58	+136.4%	CL A	69608A108
CARR	CARRIER GLOBAL CORPORATION	12,743	$673	0.3%	$33.64	+65.0%	COM	14448C104
JPM	JPMORGAN CHASE & CO.	12,814	$4,129	2.0%	$87.86	+252.3%	COM	46625H100
GOOGL	ALPHABET INC	926	$290	0.1%	$209.20	+36.5%	CAP STK CL A	02079K305
PFE	PFIZER INC	88,461	$2,203	1.1%	$24.77	+1.1%	COM	717081103
ABT	ABBOTT LABS	7,863	$985	0.5%	$104.89	+21.4%	COM	002824100
OGE	OGE ENERGY CORP	12,000	$512	0.3%	$35.11	+27.0%	COM	670837103
RTX	RTX CORPORATION	2,611	$479	0.2%	$84.05	+106.2%	COM	75513E101
VTRS	VIATRIS INC	10,592	$132	0.1%	$13.33	-19.6%	COM	92556V106
ENB	ENBRIDGE INC	9,661	$462	0.2%	$34.17	+37.9%	COM	29250N105
SO	SOUTHERN CO	3,100	$270	0.1%	$71.79	+26.6%	COM	842587107
NVDA	NVIDIA CORPORATION	22,124	$4,126	2.0%	$120.31	+54.7%	COM	67066G104
MMM	3M CO	4,642	$743	0.4%	$126.96	+28.5%	COM	88579Y101
CVX	CHEVRON CORP NEW	6,223	$948	0.5%	$148.44	+2.0%	COM	166764100
CI	THE CIGNA GROUP	912	$251	0.1%	$334.20	-16.4%	COM	125523100
LOW	LOWES COS INC	1,139	$275	0.1%	$221.35	+8.3%	COM	548661107
TRV	TRAVELERS COMPANIES INC	944	$274	0.1%	$215.32	+30.3%	COM	89417E109
PPG	PPG INDS INC	3,334	$342	0.2%	$127.35	-21.4%	COM	693506107
GE	GE AEROSPACE	1,083	$334	0.2%	$195.73	+53.7%	COM NEW	369604301
PEP	PEPSICO INC	1,745	$250	0.1%	$162.33	-10.1%	COM	713448108
ED	CONSOLIDATED EDISON INC	4,122	$409	0.2%	$87.77	+12.6%	COM	209115104
RSP	INVESCO EXCHANGE TRADED FD T	1,197	$229	0.1%	$25.94	—	S&P500 EQL WGT	46137V357