Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXONMOBIL HOLDINGS CORP	664,601	$108M	1.6%	$162.75	$162.75	—	COM SHS	30233Q108
UBER	UBER TECHNOLOGIES INC	3,375	$231K	0.0%	$68.51	$73.13	-6.3%	COM	90353T100
NOW	SERVICENOW INC	1,648	$221K	0.0%	$134.01	$122.89	+9.1%	COM	81762P102
NEM	NEWMONT CORP	1,810	$209K	0.0%	$115.34	$111.94	+3.0%	COM	651639106
MBGL	MOBILITY GLOBAL INC	11,937	$205K	0.0%	$17.15	$20.11	-14.7%	COM SHS	60744M106

Increased Positions (31)

TMO THERMO FISHER SCIENTIFIC INC 3.1%

Value $212M (+36.1%) Shares 314,588 (+1.1%) Share Price $675.05 Est. Cost/Share $453.32 Unrealized @ Report Date +48.9%

META META PLATFORMS INC 3.0%

Value $210M (+35.2%) Shares 290,000 (+5.0%) Share Price $725.18 Est. Cost/Share $488.86 Unrealized @ Report Date +48.3%

MU MICRON TECHNOLOGY INC 2.0%

Value $140M (+49.4%) Shares 131,610 (+61.9%) Share Price $1065.11 Est. Cost/Share $411.42 Unrealized @ Report Date +158.9%

KLAC KLA CORP 1.3%

Value $92.76M (-27.0%) Shares 475,851 (+13.0%) Share Price $194.93 Est. Cost/Share $1352.07 Unrealized @ Report Date -85.6%

EMR EMERSON ELEC CO 2.0%

Value $139M (+10.7%) Shares 895,857 (+2.2%) Share Price $155.10 Est. Cost/Share $93.75 Unrealized @ Report Date +65.4%

MKL MARKEL GROUP INC 1.1%

Value $79.48M (-11.3%) Shares 46,412 (+1.1%) Share Price $1712.45 Est. Cost/Share $1566.21 Unrealized @ Report Date +9.3%

NEE NEXTERA ENERGY INC 1.2%

Value $84.32M (-7.0%) Shares 1,113,266 (+7.7%) Share Price $75.74 Est. Cost/Share $71.90 Unrealized @ Report Date +5.3%

SPGI S&P GLOBAL INC 1.3%

Value $92.49M (+4.9%) Shares 234,458 (+8.3%) Share Price $394.47 Est. Cost/Share $430.61 Unrealized @ Report Date -8.4%

B BARRICK MNG CORP 0.1%

Value $6.864M (+145.6%) Shares 118,616 (+121.4%) Share Price $57.87 * Est. Cost/Share $40.95 Unrealized @ Report Date -0.7%

GOOGL ALPHABET INC 5.9%

Value $410M (-0.8%) Shares 1,191,714 (+3.0%) Share Price $344.08 Est. Cost/Share $166.18 Unrealized @ Report Date +107.1%

DG DOLLAR GEN CORP 0.4%

Value $28.55M (+10.2%) Shares 238,789 (+6.1%) Share Price $119.58 Est. Cost/Share $122.56 Unrealized @ Report Date -2.4%

MAR MARRIOTT INTL INC NEW 1.3%

Value $87.91M (-2.6%) Shares 247,173 (+1.4%) Share Price $355.67 Est. Cost/Share $186.13 Unrealized @ Report Date +91.1%

AVGO BROADCOM INC 1.8%

Value $122M (-1.7%) Shares 348,290 (+5.8%) Share Price $351.19 Est. Cost/Share $339.44 Unrealized @ Report Date +3.5%

SYK STRYKER CORPORATION 0.4%

Value $27.9M (-5.8%) Shares 101,298 (+7.7%) Share Price $275.39 Est. Cost/Share $215.50 Unrealized @ Report Date +27.8%

EQIX EQUINIX INC 1.7%

Value $116M (-1.1%) Shares 115,149 (+1.9%) Share Price $1011.58 Est. Cost/Share $785.06 Unrealized @ Report Date —

RTX RTX CORPORATION 0.0%

Value $3.157M (+46.9%) Shares 17,006 (+50.2%) Share Price $185.65 Est. Cost/Share $136.72 Unrealized @ Report Date +35.8%

GOOG ALPHABET INC 0.5%

Value $31.51M (+2.5%) Shares 92,473 (+6.3%) Share Price $340.74 Est. Cost/Share $138.43 Unrealized @ Report Date +146.2%

AMGN AMGEN INC 0.0%

Value $1.649M (+38.0%) Shares 3,913 (+18.6%) Share Price $421.51 Est. Cost/Share $295.88 Unrealized @ Report Date +42.5%

ADBE ADOBE INC 0.0%

Value $1.558M (+22.6%) Shares 6,494 (+4.8%) Share Price $239.94 Est. Cost/Share $393.22 Unrealized @ Report Date -39.0%

ABBV ABBVIE INC 0.0%

Value $1.729M (+17.3%) Shares 6,611 (+12.8%) Share Price $261.59 Est. Cost/Share $144.56 Unrealized @ Report Date +81.0%

ECL ECOLAB INC 0.2%

Value $14.25M (+1.5%) Shares 51,894 (+3.0%) Share Price $274.58 Est. Cost/Share $187.98 Unrealized @ Report Date +46.1%

PG PROCTER & GAMBLE CO 0.1%

Value $3.568M (+5.8%) Shares 24,559 (+6.8%) Share Price $145.28 Est. Cost/Share $113.24 Unrealized @ Report Date +28.3%

CL COLGATE PALMOLIVE CO 0.0%

Value $3.272M (+6.2%) Shares 38,353 (+14.1%) Share Price $85.32 Est. Cost/Share $66.20 Unrealized @ Report Date +28.9%

BMY BRISTOL-MYERS SQUIBB CO 0.0%

Value $1.389M (+13.5%) Shares 22,252 (+4.8%) Share Price $62.40 Est. Cost/Share $48.90 Unrealized @ Report Date +27.6%

MA MASTERCARD INCORPORATED 0.0%

Value $427K (+30.2%) Shares 775 (+21.3%) Share Price $551.47 Est. Cost/Share $398.99 Unrealized @ Report Date +38.2%

INTC INTEL CORP 0.0%

Value $559K (-10.0%) Shares 4,648 (+4.5%) Share Price $120.23 Est. Cost/Share $101.16 Unrealized @ Report Date +18.8%

ABT ABBOTT LABORATORIES 0.0%

Value $404K (+11.0%) Shares 4,090 (+1.9%) Share Price $98.83 Est. Cost/Share $114.07 Unrealized @ Report Date -13.4%

APH AMPHENOL CORP 0.0%

Value $539K (-4.4%) Shares 6,398 (+100.0%) Share Price $84.30 Est. Cost/Share $122.98 Unrealized @ Report Date -31.5%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $1.073M (+2.3%) Shares 1,192 (+14.9%) Share Price $900.36 Est. Cost/Share $390.27 Unrealized @ Report Date +130.7%

RSG REPUBLIC SVCS INC 0.1%

Value $8.872M (+0.1%) Shares 42,276 (+1.6%) Share Price $209.87 Est. Cost/Share $124.80 Unrealized @ Report Date +68.2%

BX BLACKSTONE INC 0.0%

Value $256K (-2.0%) Shares 2,287 (+2.8%) Share Price $112.09 Est. Cost/Share $129.49 Unrealized @ Report Date -13.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	314,588 (+1.1%)	$212M (+36.1%)	3.1%	$675.05	$453.32	+48.9%	COM	883556102
META	META PLATFORMS INC	290,000 (+5.0%)	$210M (+35.2%)	3.0%	$725.18	$488.86	+48.3%	CL A	30303M102
MU	MICRON TECHNOLOGY INC	131,610 (+61.9%)	$140M (+49.4%)	2.0%	$1065.11	$411.42	+158.9%	COM	595112103
KLAC	KLA CORP	475,851 (+13.0%)	$92.76M (-27.0%)	1.3%	$194.93	$1352.07	-85.6%	COM NEW	482480100
EMR	EMERSON ELEC CO	895,857 (+2.2%)	$139M (+10.7%)	2.0%	$155.10	$93.75	+65.4%	COM	291011104
MKL	MARKEL GROUP INC	46,412 (+1.1%)	$79.48M (-11.3%)	1.1%	$1712.45	$1566.21	+9.3%	COM	570535104
NEE	NEXTERA ENERGY INC	1,113,266 (+7.7%)	$84.32M (-7.0%)	1.2%	$75.74	$71.90	+5.3%	COM	65339F101
SPGI	S&P GLOBAL INC	234,458 (+8.3%)	$92.49M (+4.9%)	1.3%	$394.47	$430.61	-8.4%	COM	78409V104
B	BARRICK MNG CORP	118,616 (+121.4%)	$6.864M (+145.6%)	0.1%	$57.87 *	$40.95	-0.7%	COM SHS	06849F108
GOOGL	ALPHABET INC	1,191,714 (+3.0%)	$410M (-0.8%)	5.9%	$344.08	$166.18	+107.1%	CAP STK CL A	02079K305
DG	DOLLAR GEN CORP	238,789 (+6.1%)	$28.55M (+10.2%)	0.4%	$119.58	$122.56	-2.4%	COM	256677105
MAR	MARRIOTT INTL INC NEW	247,173 (+1.4%)	$87.91M (-2.6%)	1.3%	$355.67	$186.13	+91.1%	CL A	571903202
AVGO	BROADCOM INC	348,290 (+5.8%)	$122M (-1.7%)	1.8%	$351.19	$339.44	+3.5%	COM	11135F101
SYK	STRYKER CORPORATION	101,298 (+7.7%)	$27.9M (-5.8%)	0.4%	$275.39	$215.50	+27.8%	COM	863667101
EQIX	EQUINIX INC	115,149 (+1.9%)	$116M (-1.1%)	1.7%	$1011.58	$785.06	—	COM	29444U700
RTX	RTX CORPORATION	17,006 (+50.2%)	$3.157M (+46.9%)	0.0%	$185.65	$136.72	+35.8%	COM	75513E101
GOOG	ALPHABET INC	92,473 (+6.3%)	$31.51M (+2.5%)	0.5%	$340.74	$138.43	+146.2%	CAP STK CL C	02079K107
AMGN	AMGEN INC	3,913 (+18.6%)	$1.649M (+38.0%)	0.0%	$421.51	$295.88	+42.5%	COM	031162100
ADBE	ADOBE INC	6,494 (+4.8%)	$1.558M (+22.6%)	0.0%	$239.94	$393.22	-39.0%	COM	00724F101
ABBV	ABBVIE INC	6,611 (+12.8%)	$1.729M (+17.3%)	0.0%	$261.59	$144.56	+81.0%	COM	00287Y109
ECL	ECOLAB INC	51,894 (+3.0%)	$14.25M (+1.5%)	0.2%	$274.58	$187.98	+46.1%	COM	278865100
PG	PROCTER & GAMBLE CO	24,559 (+6.8%)	$3.568M (+5.8%)	0.1%	$145.28	$113.24	+28.3%	COM	742718109
CL	COLGATE PALMOLIVE CO	38,353 (+14.1%)	$3.272M (+6.2%)	0.0%	$85.32	$66.20	+28.9%	COM	194162103
BMY	BRISTOL-MYERS SQUIBB CO	22,252 (+4.8%)	$1.389M (+13.5%)	0.0%	$62.40	$48.90	+27.6%	COM	110122108
MA	MASTERCARD INCORPORATED	775 (+21.3%)	$427K (+30.2%)	0.0%	$551.47	$398.99	+38.2%	CL A	57636Q104
INTC	INTEL CORP	4,648 (+4.5%)	$559K (-10.0%)	0.0%	$120.23	$101.16	+18.8%	COM	458140100
ABT	ABBOTT LABORATORIES	4,090 (+1.9%)	$404K (+11.0%)	0.0%	$98.83	$114.07	-13.4%	COM	002824100
APH	AMPHENOL CORP	6,398 (+100.0%)	$539K (-4.4%)	0.0%	$84.30	$122.98	-31.5%	CL A	032095101
GS	GOLDMAN SACHS GROUP INC	1,192 (+14.9%)	$1.073M (+2.3%)	0.0%	$900.36	$390.27	+130.7%	COM	38141G104
RSG	REPUBLIC SVCS INC	42,276 (+1.6%)	$8.872M (+0.1%)	0.1%	$209.87	$124.80	+68.2%	COM	760759100
BX	BLACKSTONE INC	2,287 (+2.8%)	$256K (-2.0%)	0.0%	$112.09	$129.49	-13.4%	COM	09260D107

Exited Positions (9)

XOM EXXON MOBIL CORP 1.5%

Value $103M Shares 756,712 Share Price $136.72 * Est. Cost/Share $105.78 Unrealized @ Report Date +53.9%

EA ELECTRONIC ARTS INC 0.0%

Value $571K Shares 2,783 Share Price $205.04 * Est. Cost/Share $102.06 Unrealized @ Report Date +105.5%

SOLS SOLSTICE ADVANCED MATLS INC 0.0%

Value $555K Shares 6,262 Share Price $88.60 * Est. Cost/Share $47.08 Unrealized @ Report Date +19.6%

WDAY WORKDAY INC 0.0%

Value $379K Shares 3,095 Share Price $122.42 * Est. Cost/Share $126.68 Unrealized @ Report Date +50.3%

TXN TEXAS INSTRS INC 0.0%

Value $259K Shares 870 Share Price $298.07 * Est. Cost/Share $277.43 Unrealized @ Report Date +1.0%

CVS CVS HEALTH CORP 0.0%

Value $256K Shares 2,470 Share Price $103.45 * Est. Cost/Share $89.26 Unrealized @ Report Date -4.0%

FN FABRINET 0.0%

Value $221K Shares 394 Share Price $562.08 * Est. Cost/Share $508.90 Unrealized @ Report Date -16.6%

CW CURTISS WRIGHT CORP 0.0%

Value $212K Shares 280 Share Price $757.76 * Est. Cost/Share $732.89 Unrealized @ Report Date -25.8%

COF CAPITAL ONE FINL CORP 0.0%

Value $200K Shares 998 Share Price $200.62 * Est. Cost/Share $191.29 Unrealized @ Report Date +0.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL CORP	756,712	$103M	1.5%	$136.72 *	$105.78	+53.9%	—	30231G102
EA	ELECTRONIC ARTS INC	2,783	$571K	0.0%	$205.04 *	$102.06	+105.5%	—	285512109
SOLS	SOLSTICE ADVANCED MATLS INC	6,262	$555K	0.0%	$88.60 *	$47.08	+19.6%	—	83443Q103
WDAY	WORKDAY INC	3,095	$379K	0.0%	$122.42 *	$126.68	+50.3%	—	98138H101
TXN	TEXAS INSTRS INC	870	$259K	0.0%	$298.07 *	$277.43	+1.0%	—	882508104
CVS	CVS HEALTH CORP	2,470	$256K	0.0%	$103.45 *	$89.26	-4.0%	—	126650100
FN	FABRINET	394	$221K	0.0%	$562.08 *	$508.90	-16.6%	—	G3323L100
CW	CURTISS WRIGHT CORP	280	$212K	0.0%	$757.76 *	$732.89	-25.8%	—	231561101
COF	CAPITAL ONE FINL CORP	998	$200K	0.0%	$200.62 *	$191.29	+0.9%	—	14040H105

Decreased Positions (45)

HONA HONEYWELL AEROSPACE INC 0.2%

Value $13.95M (-69.0%) Shares 90,034 (-55.8%) Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value $18.79M (-61.9%) Shares 37,727 (-61.7%) Share Price $497.95 Est. Cost/Share $420.58 Unrealized @ Report Date +18.4%

AMD ADVANCED MICRO DEVICES INC 5.8%

Value $406M (-6.1%) Shares 663,518 (-10.8%) Share Price $611.76 Est. Cost/Share $169.07 Unrealized @ Report Date +261.8%

PANW PALO ALTO NETWORKS INC 4.4%

Value $307M (-5.9%) Shares 772,229 (-19.2%) Share Price $397.31 Est. Cost/Share $156.54 Unrealized @ Report Date +153.8%

CAT CATERPILLAR INC 0.4%

Value $26.19M (-24.8%) Shares 32,303 (-1.2%) Share Price $810.79 Est. Cost/Share $132.43 Unrealized @ Report Date +512.2%

URI UNITED RENTALS INC 0.5%

Value $34.23M (-17.7%) Shares 34,207 (-6.9%) Share Price $1000.78 Est. Cost/Share $310.55 Unrealized @ Report Date +222.3%

ZTS ZOETIS INC 0.1%

Value $5.566M (-51.7%) Shares 79,714 (-50.3%) Share Price $69.83 Est. Cost/Share $157.33 Unrealized @ Report Date -55.6%

HON HONEYWELL INTL INC 0.6%

Value $40.16M (-12.0%) Shares 190,365 (-6.6%) Share Price $210.94 Est. Cost/Share $223.90 Unrealized @ Report Date —

SUNB SUNBELT RENTALS HOLDINGS INC 0.3%

Value $24.23M (-11.8%) Shares 330,996 (-9.9%) Share Price $73.21 Est. Cost/Share $70.19 Unrealized @ Report Date +4.3%

AXP AMERICAN EXPRESS CO 0.4%

Value $25.31M (-11.2%) Shares 83,226 (-1.2%) Share Price $304.10 Est. Cost/Share $216.11 Unrealized @ Report Date +40.7%

KO COCA COLA CO 1.3%

Value $90.32M (+3.6%) Shares 1,049,277 (-2.2%) Share Price $86.08 Est. Cost/Share $51.76 Unrealized @ Report Date +66.3%

INTU INTUIT 0.1%

Value $9.999M (-23.4%) Shares 36,266 (-27.5%) Share Price $275.71 Est. Cost/Share $369.39 Unrealized @ Report Date -25.4%

FERG FERGUSON ENTERPRISES INC 0.2%

Value $15.49M (-14.9%) Shares 69,576 (-9.3%) Share Price $222.62 Est. Cost/Share $197.54 Unrealized @ Report Date +12.7%

MRSH MARSH & MCLENNAN COS INC 0.6%

Value $40.38M (-4.5%) Shares 236,492 (-6.8%) Share Price $170.73 Est. Cost/Share $163.62 Unrealized @ Report Date +4.3%

PFE PFIZER INC 0.3%

Value $17.73M (+11.0%) Shares 621,511 (-6.2%) Share Price $28.52 Est. Cost/Share $29.27 Unrealized @ Report Date -2.5%

GE GE AEROSPACE 0.0%

Value $3.385M (-33.1%) Shares 10,840 (-19.9%) Share Price $312.29 Est. Cost/Share $125.99 Unrealized @ Report Date +147.9%

HD HOME DEPOT INC 0.1%

Value $5.154M (-24.1%) Shares 18,118 (-5.9%) Share Price $284.49 Est. Cost/Share $194.99 Unrealized @ Report Date +45.9%

UNP UNION PAC CORP 0.5%

Value $37.69M (-4.0%) Shares 138,504 (-4.1%) Share Price $272.13 Est. Cost/Share $181.53 Unrealized @ Report Date +49.9%

TSLA TESLA INC 0.1%

Value $6.724M (-18.0%) Shares 18,950 (-2.8%) Share Price $354.81 Est. Cost/Share $242.77 Unrealized @ Report Date +46.2%

WAT WATERS CORP 0.2%

Value $15.18M (+8.5%) Shares 34,551 (-7.4%) Share Price $439.39 Est. Cost/Share $271.48 Unrealized @ Report Date +61.9%

CRM SALESFORCE INC 0.1%

Value $5.994M (+19.3%) Shares 26,110 (-18.6%) Share Price $229.57 Est. Cost/Share $245.99 Unrealized @ Report Date -6.7%

RY ROYAL BK CDA 0.1%

Value $5.969M (-13.4%) Shares 21,321 (-9.1%) Share Price $279.94 * Est. Cost/Share $83.24 Unrealized @ Report Date +136.2%

MS MORGAN STANLEY 0.0%

Value $241K (-78.9%) Shares 1,280 (-76.5%) Share Price $188.08 Est. Cost/Share $107.02 Unrealized @ Report Date +75.7%

NKE NIKE INC 0.0%

Value $1.549M (-34.3%) Shares 43,755 (-23.8%) Share Price $35.40 Est. Cost/Share $99.37 Unrealized @ Report Date -64.4%

MCD MCDONALDS CORP 0.0%

Value $1.136M (-35.5%) Shares 4,919 (-24.5%) Share Price $230.94 Est. Cost/Share $236.84 Unrealized @ Report Date -2.5%

IP INTERNATIONAL PAPER CO 0.0%

Value $1.869M (-19.5%) Shares 56,351 (-7.6%) Share Price $33.17 Est. Cost/Share $52.74 Unrealized @ Report Date -37.1%

PM PHILIP MORRIS INTL INC 0.2%

Value $10.86M (+4.0%) Shares 56,922 (-1.4%) Share Price $190.82 Est. Cost/Share $75.36 Unrealized @ Report Date +153.2%

VMC VULCAN MATLS CO 0.0%

Value $827K (-31.1%) Shares 3,381 (-16.9%) Share Price $244.63 Est. Cost/Share $175.59 Unrealized @ Report Date +39.3%

WMT WALMART INC 0.0%

Value $2.214M (-13.0%) Shares 21,302 (-5.2%) Share Price $103.92 Est. Cost/Share $49.74 Unrealized @ Report Date +108.9%

INDV INDIVIOR PHARMACEUTICALS INC 0.0%

Value $1.549M (-15.5%) Shares 43,218 (-3.3%) Share Price $35.85 Est. Cost/Share $33.03 Unrealized @ Report Date +8.5%

DIS DISNEY WALT CO 0.1%

Value $6.213M (+4.7%) Shares 59,227 (-3.9%) Share Price $104.90 Est. Cost/Share $116.47 Unrealized @ Report Date -9.9%

COP CONOCOPHILLIPS 0.0%

Value $1.345M (-16.3%) Shares 10,748 (-30.4%) Share Price $125.15 Est. Cost/Share $49.39 Unrealized @ Report Date +153.4%

CSCO CISCO SYS INC 0.0%

Value $591K (-28.3%) Shares 5,495 (-21.7%) Share Price $107.63 Est. Cost/Share $42.45 Unrealized @ Report Date +153.6%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value $4.746M (-4.6%) Shares 44,136 (-14.9%) Share Price $107.54 Est. Cost/Share $171.22 Unrealized @ Report Date -37.2%

KEYS KEYSIGHT TECHNOLOGIES INC 0.0%

Value $345K (-36.3%) Shares 947 (-38.8%) Share Price $364.04 Est. Cost/Share $341.05 Unrealized @ Report Date +6.7%

CCL CARNIVAL CORP LTD 0.0%

Value $670K (-21.7%) Shares 27,299 (-8.9%) Share Price $24.54 Est. Cost/Share $28.57 Unrealized @ Report Date —

DE DEERE & CO 0.0%

Value $2.074M (-5.5%) Shares 3,089 (-10.8%) Share Price $671.55 Est. Cost/Share $300.79 Unrealized @ Report Date +123.3%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value $1.405M (-7.3%) Shares 30,639 (-14.5%) Share Price $45.87 Est. Cost/Share $42.17 Unrealized @ Report Date +8.8%

FAST FASTENAL CO 0.0%

Value $273K (-23.3%) Shares 5,520 (-25.6%) Share Price $49.53 Est. Cost/Share $45.39 Unrealized @ Report Date +9.1%

BMO BANK OF MONTREAL 0.0%

Value $847K (-8.9%) Shares 3,560 (-4.0%) Share Price $237.97 * Est. Cost/Share $87.67 Unrealized @ Report Date +90.8%

PEP PEPSICO INC 0.0%

Value $740K (-9.2%) Shares 5,837 (-3.0%) Share Price $126.72 Est. Cost/Share $115.35 Unrealized @ Report Date +9.9%

WFC WELLS FARGO & CO 0.0%

Value $1.15M (-4.7%) Shares 14,371 (-1.6%) Share Price $80.05 Est. Cost/Share $44.61 Unrealized @ Report Date +79.4%

A AGILENT TECHNOLOGIES INC 0.0%

Value $349K (+19.4%) Shares 2,025 (-8.0%) Share Price $172.31 Est. Cost/Share $121.85 Unrealized @ Report Date +41.4%

GILD GILEAD SCIENCES INC 0.1%

Value $3.742M (+0.8%) Shares 25,109 (-14.6%) Share Price $149.05 Est. Cost/Share $58.10 Unrealized @ Report Date +156.5%

SLB SLB LIMITED 0.0%

Value $2.376M (+1.1%) Shares 48,775 (-3.5%) Share Price $48.72 Est. Cost/Share $32.62 Unrealized @ Report Date +49.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HONA	HONEYWELL AEROSPACE INC	90,034 (-55.8%)	$13.95M (-69.0%)	0.2%	$154.97	$240.18	-35.5%	COM	43849R105
BRK/B	BERKSHIRE HATHAWAY INC DEL	37,727 (-61.7%)	$18.79M (-61.9%)	0.3%	$497.95	$420.58	+18.4%	CL B NEW	084670702
AMD	ADVANCED MICRO DEVICES INC	663,518 (-10.8%)	$406M (-6.1%)	5.8%	$611.76	$169.07	+261.8%	COM	007903107
PANW	PALO ALTO NETWORKS INC	772,229 (-19.2%)	$307M (-5.9%)	4.4%	$397.31	$156.54	+153.8%	COM	697435105
CAT	CATERPILLAR INC	32,303 (-1.2%)	$26.19M (-24.8%)	0.4%	$810.79	$132.43	+512.2%	COM	149123101
URI	UNITED RENTALS INC	34,207 (-6.9%)	$34.23M (-17.7%)	0.5%	$1000.78	$310.55	+222.3%	COM	911363109
ZTS	ZOETIS INC	79,714 (-50.3%)	$5.566M (-51.7%)	0.1%	$69.83	$157.33	-55.6%	CL A	98978V103
HON	HONEYWELL INTL INC	190,365 (-6.6%)	$40.16M (-12.0%)	0.6%	$210.94	$223.90	—	COM	438516205
SUNB	SUNBELT RENTALS HOLDINGS INC	330,996 (-9.9%)	$24.23M (-11.8%)	0.3%	$73.21	$70.19	+4.3%	SHS	866966104
AXP	AMERICAN EXPRESS CO	83,226 (-1.2%)	$25.31M (-11.2%)	0.4%	$304.10	$216.11	+40.7%	COM	025816109
KO	COCA COLA CO	1,049,277 (-2.2%)	$90.32M (+3.6%)	1.3%	$86.08	$51.76	+66.3%	COM	191216100
INTU	INTUIT	36,266 (-27.5%)	$9.999M (-23.4%)	0.1%	$275.71	$369.39	-25.4%	COM	461202103
FERG	FERGUSON ENTERPRISES INC	69,576 (-9.3%)	$15.49M (-14.9%)	0.2%	$222.62	$197.54	+12.7%	COMMON STOCK NEW	31488V107
MRSH	MARSH & MCLENNAN COS INC	236,492 (-6.8%)	$40.38M (-4.5%)	0.6%	$170.73	$163.62	+4.3%	COM	571748102
PFE	PFIZER INC	621,511 (-6.2%)	$17.73M (+11.0%)	0.3%	$28.52	$29.27	-2.5%	COM	717081103
GE	GE AEROSPACE	10,840 (-19.9%)	$3.385M (-33.1%)	0.0%	$312.29	$125.99	+147.9%	COM NEW	369604301
HD	HOME DEPOT INC	18,118 (-5.9%)	$5.154M (-24.1%)	0.1%	$284.49	$194.99	+45.9%	COM	437076102
UNP	UNION PAC CORP	138,504 (-4.1%)	$37.69M (-4.0%)	0.5%	$272.13	$181.53	+49.9%	COM	907818108
TSLA	TESLA INC	18,950 (-2.8%)	$6.724M (-18.0%)	0.1%	$354.81	$242.77	+46.2%	COM	88160R101
WAT	WATERS CORP	34,551 (-7.4%)	$15.18M (+8.5%)	0.2%	$439.39	$271.48	+61.9%	COM	941848103
CRM	SALESFORCE INC	26,110 (-18.6%)	$5.994M (+19.3%)	0.1%	$229.57	$245.99	-6.7%	COM	79466L302
RY	ROYAL BK CDA	21,321 (-9.1%)	$5.969M (-13.4%)	0.1%	$279.94 *	$83.24	+136.2%	COM	780087102
MS	MORGAN STANLEY	1,280 (-76.5%)	$241K (-78.9%)	0.0%	$188.08	$107.02	+75.7%	COM NEW	617446448
NKE	NIKE INC	43,755 (-23.8%)	$1.549M (-34.3%)	0.0%	$35.40	$99.37	-64.4%	CL B	654106103
MCD	MCDONALDS CORP	4,919 (-24.5%)	$1.136M (-35.5%)	0.0%	$230.94	$236.84	-2.5%	COM	580135101
IP	INTERNATIONAL PAPER CO	56,351 (-7.6%)	$1.869M (-19.5%)	0.0%	$33.17	$52.74	-37.1%	COM	460146103
PM	PHILIP MORRIS INTL INC	56,922 (-1.4%)	$10.86M (+4.0%)	0.2%	$190.82	$75.36	+153.2%	COM	718172109
VMC	VULCAN MATLS CO	3,381 (-16.9%)	$827K (-31.1%)	0.0%	$244.63	$175.59	+39.3%	COM	929160109
WMT	WALMART INC	21,302 (-5.2%)	$2.214M (-13.0%)	0.0%	$103.92	$49.74	+108.9%	COM	931142103
INDV	INDIVIOR PHARMACEUTICALS INC	43,218 (-3.3%)	$1.549M (-15.5%)	0.0%	$35.85	$33.03	+8.5%	COM	45579U109
DIS	DISNEY WALT CO	59,227 (-3.9%)	$6.213M (+4.7%)	0.1%	$104.90	$116.47	-9.9%	COM	254687106
COP	CONOCOPHILLIPS	10,748 (-30.4%)	$1.345M (-16.3%)	0.0%	$125.15	$49.39	+153.4%	COM	20825C104
CSCO	CISCO SYS INC	5,495 (-21.7%)	$591K (-28.3%)	0.0%	$107.63	$42.45	+153.6%	COM	17275R102
BABA	ALIBABA GROUP HLDG LTD	44,136 (-14.9%)	$4.746M (-4.6%)	0.1%	$107.54	$171.22	-37.2%	SPONSORED ADS	01609W102
KEYS	KEYSIGHT TECHNOLOGIES INC	947 (-38.8%)	$345K (-36.3%)	0.0%	$364.04	$341.05	+6.7%	COM	49338L103
CCL	CARNIVAL CORP LTD	27,299 (-8.9%)	$670K (-21.7%)	0.0%	$24.54	$28.57	—	COMMON SHARES	G2004J103
DE	DEERE & CO	3,089 (-10.8%)	$2.074M (-5.5%)	0.0%	$671.55	$300.79	+123.3%	COM	244199105
VZ	VERIZON COMMUNICATIONS INC	30,639 (-14.5%)	$1.405M (-7.3%)	0.0%	$45.87	$42.17	+8.8%	COM	92343V104
FAST	FASTENAL CO	5,520 (-25.6%)	$273K (-23.3%)	0.0%	$49.53	$45.39	+9.1%	COM	311900104
BMO	BANK OF MONTREAL	3,560 (-4.0%)	$847K (-8.9%)	0.0%	$237.97 *	$87.67	+90.8%	COM	063671101
PEP	PEPSICO INC	5,837 (-3.0%)	$740K (-9.2%)	0.0%	$126.72	$115.35	+9.9%	COM	713448108
WFC	WELLS FARGO & CO	14,371 (-1.6%)	$1.15M (-4.7%)	0.0%	$80.05	$44.61	+79.4%	COM	949746101
A	AGILENT TECHNOLOGIES INC	2,025 (-8.0%)	$349K (+19.4%)	0.0%	$172.31	$121.85	+41.4%	COM	00846U101
GILD	GILEAD SCIENCES INC	25,109 (-14.6%)	$3.742M (+0.8%)	0.1%	$149.05	$58.10	+156.5%	COM	375558103
SLB	SLB LIMITED	48,775 (-3.5%)	$2.376M (+1.1%)	0.0%	$48.72	$32.62	+49.3%	COM STK	806857108

Unchanged Positions (46)

MSFT MICROSOFT CORP 8.4%

Value $583M Shares 1,135,869 Share Price $512.90 Est. Cost/Share $218.67 Unrealized @ Report Date +134.6%

NVDA NVIDIA CORPORATION 8.7%

Value $607M Shares 2,655,693 Share Price $228.38 Est. Cost/Share $125.05 Unrealized @ Report Date +82.6%

AAPL APPLE INC 5.8%

Value $406M Shares 1,219,129 Share Price $333.02 Est. Cost/Share $187.91 Unrealized @ Report Date +77.2%

CVX CHEVRON CORPORATION 1.7%

Value $121M Shares 593,770 Share Price $204.21 Est. Cost/Share $129.05 Unrealized @ Report Date +58.2%

ROK ROCKWELL AUTOMATION INC 2.3%

Value $160M Shares 366,579 Share Price $435.33 Est. Cost/Share $255.18 Unrealized @ Report Date +70.6%

MRK MERCK & CO INC 2.5%

Value $174M Shares 1,194,172 Share Price $145.31 Est. Cost/Share $79.93 Unrealized @ Report Date +81.8%

AMZN AMAZON COM INC 6.3%

Value $436M Shares 1,751,335 Share Price $249.15 Est. Cost/Share $172.12 Unrealized @ Report Date +44.8%

V VISA INC 4.2%

Value $294M Shares 818,222 Share Price $359.33 Est. Cost/Share $199.14 Unrealized @ Report Date +80.4%

BAC BANK OF AMER CORP 1.4%

Value $94.78M Shares 1,741,406 Share Price $54.43 Est. Cost/Share $35.61 Unrealized @ Report Date +52.8%

ARES ARES MANAGEMENT CORPORATION 1.4%

Value $97.23M Shares 836,998 Share Price $116.17 Est. Cost/Share $68.28 Unrealized @ Report Date +70.1%

XYL XYLEM INC 0.2%

Value $14.26M Shares 140,832 Share Price $101.27 Est. Cost/Share $82.85 Unrealized @ Report Date +22.2%

NFLX NETFLIX INC. 1.4%

Value $98.83M Shares 1,420,414 Share Price $69.58 Est. Cost/Share $100.08 Unrealized @ Report Date -30.5%

JPM JPMORGAN CHASE & CO 3.5%

Value $245M Shares 741,075 Share Price $330.83 Est. Cost/Share $125.92 Unrealized @ Report Date +162.7%

TMUS T-MOBILE US INC 1.3%

Value $92.47M Shares 567,017 Share Price $163.08 Est. Cost/Share $137.32 Unrealized @ Report Date +18.8%

DHR DANAHER CORP DEL 0.2%

Value $10.49M Shares 47,357 Share Price $221.55 Est. Cost/Share $207.67 Unrealized @ Report Date +6.7%

CP CANADIAN PACIFIC KANSAS CITY 1.8%

Value $122M Shares 1,006,186 Share Price $121.20 * Est. Cost/Share $81.25 Unrealized @ Report Date +4.7%

WM WASTE MGMT INC DEL 0.2%

Value $14.11M Shares 69,203 Share Price $203.92 Est. Cost/Share $115.86 Unrealized @ Report Date +76.0%

LLY ELI LILLY & CO 0.3%

Value $24.14M Shares 20,867 Share Price $1157.08 Est. Cost/Share $668.37 Unrealized @ Report Date +73.1%

AYI ACUITY INC 0.1%

Value $3.532M Shares 11,400 Share Price $309.81 Est. Cost/Share $301.63 Unrealized @ Report Date +2.7%

WTS WATTS WATER TECHNOLOGIES INC 0.1%

Value $5.52M Shares 15,585 Share Price $354.18 Est. Cost/Share $139.43 Unrealized @ Report Date +154.0%

ESS ESSEX PPTY TR INC 0.1%

Value $6.637M Shares 24,636 Share Price $269.39 Est. Cost/Share $252.68 Unrealized @ Report Date —

AWK AMERICAN WTR WKS CO INC NEW 0.3%

Value $23.2M Shares 179,193 Share Price $129.47 Est. Cost/Share $119.29 Unrealized @ Report Date +8.5%

PSX PHILLIPS 66 0.0%

Value $588K Shares 2,302 Share Price $255.31 Est. Cost/Share $83.37 Unrealized @ Report Date +206.2%

CBOE CBOE GLOBAL MKTS INC 0.0%

Value $1.492M Shares 5,420 Share Price $275.29 Est. Cost/Share $108.09 Unrealized @ Report Date +154.7%

FCX FREEPORT MCMORAN INC 0.0%

Value $1.542M Shares 22,035 Share Price $70.00 Est. Cost/Share $42.65 Unrealized @ Report Date +64.1%

UPS UNITED PARCEL SVCS INC 0.0%

Value $1.05M Shares 11,240 Share Price $93.44 Est. Cost/Share $107.67 Unrealized @ Report Date -13.2%

AMAT APPLIED MATLS INC 0.0%

Value $358K Shares 700 Share Price $511.38 Est. Cost/Share $336.17 Unrealized @ Report Date +52.1%

T AT&T INC 0.0%

Value $852K Shares 34,917 Share Price $24.40 Est. Cost/Share $23.30 Unrealized @ Report Date +4.7%

ASML ASML HLDG NV 0.0%

Value $1.25M Shares 690 Share Price $1811.67 Est. Cost/Share $1131.59 Unrealized @ Report Date +60.1%

IVZ INVESCO LTD 0.0%

Value $905K Shares 30,000 Share Price $30.16 Est. Cost/Share $14.01 Unrealized @ Report Date +115.3%

MO ALTRIA GROUP INC 0.0%

Value $1.589M Shares 23,593 Share Price $67.34 Est. Cost/Share $32.55 Unrealized @ Report Date +106.9%

TRI THOMSON REUTERS CORP 0.0%

Value $562K Shares 4,061 Share Price $138.48 Est. Cost/Share $115.84 Unrealized @ Report Date —

L LOEWS CORP 0.0%

Value $1.048M Shares 10,040 Share Price $104.43 Est. Cost/Share $49.16 Unrealized @ Report Date +112.4%

LYV LIVE NATION ENTERTAINMENT IN 0.0%

Value $1.058M Shares 6,250 Share Price $169.30 Est. Cost/Share $94.54 Unrealized @ Report Date +79.1%

GEV GE VERNOVA INC 0.0%

Value $363K Shares 382 Share Price $950.49 Est. Cost/Share $191.56 Unrealized @ Report Date +396.2%

TD TORONTO DOMINION BK ONT 0.0%

Value $1.703M Shares 10,175 Share Price $167.33 * Est. Cost/Share $63.08 Unrealized @ Report Date +86.3%

HXL HEXCEL CORP NEW 0.0%

Value $252K Shares 3,000 Share Price $83.92 Est. Cost/Share $70.70 Unrealized @ Report Date +18.7%

MDLZ MONDELEZ INTL INC 0.9%

Value $60.91M Shares 1,053,443 Share Price $57.82 Est. Cost/Share $58.42 Unrealized @ Report Date -1.0%

ALL ALLSTATE CORP 0.0%

Value $377K Shares 1,700 Share Price $221.86 Est. Cost/Share $151.93 Unrealized @ Report Date +46.0%

ORCL ORACLE CORP 0.0%

Value $311K Shares 2,268 Share Price $137.30 Est. Cost/Share $205.47 Unrealized @ Report Date -33.2%

GRAB GRAB HOLDINGS LIMITED 0.0%

Value $66,150 Shares 21,270 Share Price $3.11 Est. Cost/Share $4.24 Unrealized @ Report Date -26.6%

AIG AMERICAN INTL GROUP INC 0.0%

Value $3.217M Shares 43,234 Share Price $74.42 Est. Cost/Share $68.77 Unrealized @ Report Date +8.2%

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $289K Shares 318 Share Price $910.34 Est. Cost/Share $996.37 Unrealized @ Report Date -8.6%

SLF SUN LIFE FINANCIAL INC. 0.0%

Value $825K Shares 7,437 Share Price $110.92 * Est. Cost/Share $48.86 Unrealized @ Report Date +59.6%

RIO RIO TINTO PLC 0.0%

Value $254K Shares 2,694 Share Price $94.17 Est. Cost/Share $91.16 Unrealized @ Report Date +3.3%

FURY FURY GOLD MINES LIMITED 0.0%

Value $21,638 Shares 28,471 Share Price $0.76 * Est. Cost/Share $1.60 Unrealized @ Report Date -66.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	1,135,869	$583M	8.4%	$512.90	$218.67	+134.6%	COM	594918104
NVDA	NVIDIA CORPORATION	2,655,693	$607M	8.7%	$228.38	$125.05	+82.6%	COM	67066G104
AAPL	APPLE INC	1,219,129	$406M	5.8%	$333.02	$187.91	+77.2%	COM	037833100
CVX	CHEVRON CORPORATION	593,770	$121M	1.7%	$204.21	$129.05	+58.2%	COM	166764100
ROK	ROCKWELL AUTOMATION INC	366,579	$160M	2.3%	$435.33	$255.18	+70.6%	COM	773903109
MRK	MERCK & CO INC	1,194,172	$174M	2.5%	$145.31	$79.93	+81.8%	COM	58933Y105
AMZN	AMAZON COM INC	1,751,335	$436M	6.3%	$249.15	$172.12	+44.8%	COM	023135106
V	VISA INC	818,222	$294M	4.2%	$359.33	$199.14	+80.4%	COM CL A	92826C839
BAC	BANK OF AMER CORP	1,741,406	$94.78M	1.4%	$54.43	$35.61	+52.8%	COM	060505104
ARES	ARES MANAGEMENT CORPORATION	836,998	$97.23M	1.4%	$116.17	$68.28	+70.1%	CL A COM STK	03990B101
XYL	XYLEM INC	140,832	$14.26M	0.2%	$101.27	$82.85	+22.2%	COM	98419M100
NFLX	NETFLIX INC.	1,420,414	$98.83M	1.4%	$69.58	$100.08	-30.5%	COM	64110L106
JPM	JPMORGAN CHASE & CO	741,075	$245M	3.5%	$330.83	$125.92	+162.7%	COM	46625H100
TMUS	T-MOBILE US INC	567,017	$92.47M	1.3%	$163.08	$137.32	+18.8%	COM	872590104
DHR	DANAHER CORP DEL	47,357	$10.49M	0.2%	$221.55	$207.67	+6.7%	COM	235851102
CP	CANADIAN PACIFIC KANSAS CITY	1,006,186	$122M	1.8%	$121.20 *	$81.25	+4.7%	COM	13646K108
WM	WASTE MGMT INC DEL	69,203	$14.11M	0.2%	$203.92	$115.86	+76.0%	COM	94106L109
LLY	ELI LILLY & CO	20,867	$24.14M	0.3%	$1157.08	$668.37	+73.1%	COM	532457108
AYI	ACUITY INC	11,400	$3.532M	0.1%	$309.81	$301.63	+2.7%	COM	00508Y102
WTS	WATTS WATER TECHNOLOGIES INC	15,585	$5.52M	0.1%	$354.18	$139.43	+154.0%	CL A	942749102
ESS	ESSEX PPTY TR INC	24,636	$6.637M	0.1%	$269.39	$252.68	—	COM	297178105
AWK	AMERICAN WTR WKS CO INC NEW	179,193	$23.2M	0.3%	$129.47	$119.29	+8.5%	COM	030420103
PSX	PHILLIPS 66	2,302	$588K	0.0%	$255.31	$83.37	+206.2%	COM	718546104
CBOE	CBOE GLOBAL MKTS INC	5,420	$1.492M	0.0%	$275.29	$108.09	+154.7%	COM	12503M108
FCX	FREEPORT MCMORAN INC	22,035	$1.542M	0.0%	$70.00	$42.65	+64.1%	CL B	35671D857
UPS	UNITED PARCEL SVCS INC	11,240	$1.05M	0.0%	$93.44	$107.67	-13.2%	CL B	911312106
AMAT	APPLIED MATLS INC	700	$358K	0.0%	$511.38	$336.17	+52.1%	COM	038222105
T	AT&T INC	34,917	$852K	0.0%	$24.40	$23.30	+4.7%	COM	00206R102
ASML	ASML HLDG NV	690	$1.25M	0.0%	$1811.67	$1131.59	+60.1%	N Y REGISTRY SHS	N07059210
IVZ	INVESCO LTD	30,000	$905K	0.0%	$30.16	$14.01	+115.3%	SHS	G491BT108
MO	ALTRIA GROUP INC	23,593	$1.589M	0.0%	$67.34	$32.55	+106.9%	COM	02209S103
TRI	THOMSON REUTERS CORP	4,061	$562K	0.0%	$138.48	$115.84	—	COM	884903881
L	LOEWS CORP	10,040	$1.048M	0.0%	$104.43	$49.16	+112.4%	COM	540424108
LYV	LIVE NATION ENTERTAINMENT IN	6,250	$1.058M	0.0%	$169.30	$94.54	+79.1%	COM	538034109
GEV	GE VERNOVA INC	382	$363K	0.0%	$950.49	$191.56	+396.2%	COM	36828A101
TD	TORONTO DOMINION BK ONT	10,175	$1.703M	0.0%	$167.33 *	$63.08	+86.3%	COM NEW	891160509
HXL	HEXCEL CORP NEW	3,000	$252K	0.0%	$83.92	$70.70	+18.7%	COM	428291108
MDLZ	MONDELEZ INTL INC	1,053,443	$60.91M	0.9%	$57.82	$58.42	-1.0%	CL A	609207105
ALL	ALLSTATE CORP	1,700	$377K	0.0%	$221.86	$151.93	+46.0%	COM	020002101
ORCL	ORACLE CORP	2,268	$311K	0.0%	$137.30	$205.47	-33.2%	COM	68389X105
GRAB	GRAB HOLDINGS LIMITED	21,270	$66,150	0.0%	$3.11	$4.24	-26.6%	CLASS A ORD	G4124C109
AIG	AMERICAN INTL GROUP INC	43,234	$3.217M	0.0%	$74.42	$68.77	+8.2%	COM NEW	026874784
COST	COSTCO WHOLESALE CORPORATION	318	$289K	0.0%	$910.34	$996.37	-8.6%	COM	22160K105
SLF	SUN LIFE FINANCIAL INC.	7,437	$825K	0.0%	$110.92 *	$48.86	+59.6%	COM	866796105
RIO	RIO TINTO PLC	2,694	$254K	0.0%	$94.17	$91.16	+3.3%	SPONSORED ADR	767204100
FURY	FURY GOLD MINES LIMITED	28,471	$21,638	0.0%	$0.76 *	$1.60	-66.9%	COM	36117T100