Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UNITEDHEALTH GROUP INC	18,038	$7.497M	4.6%	$415.62	—	—	91324P102
IGV	Ishares S&P EXPANDED TECH	76,274	$6.91M	4.2%	$90.59	—	—	464287515
QQQ	INVESCO QQQ TR	8,746	$6.44M	3.9%	$736.34	—	—	46090E103
CRWD	CROWDSTRIKE HLDGS INC	6,989	$5.334M	3.3%	$763.20	—	—	22788C105
ORCL	ORACLE CORP	29,016	$4.252M	2.6%	$146.54	—	—	68389X105
IDXX	IDEXX LABS INC	4,638	$2.442M	1.5%	$526.52	—	—	45168D104
TSLA	TESLA INC	5,704	$2.399M	1.5%	$420.58	—	—	88160R101
TDG	TRANSDIGM GROUP INC	1,440	$1.919M	1.2%	$1332.64	—	—	893641100
MSCI	MSCI INC	3,393	$1.9M	1.2%	$559.98	—	—	55354G100
SGOV	Ishares 0-3 Month	10,869	$1.094M	0.7%	$100.65	—	—	46436E718
SNPS	Synopsys Inc	2,245	$1.001M	0.6%	$445.88	—	—	871607107
JNJ	JOHNSON & JOHNSON	1,969	$500K	0.3%	$253.94	—	—	478160104
PEP	PEPSICO INC	3,673	$497K	0.3%	$135.31	—	—	713448108
INVH	Invitation Homes Inc	14,207	$429K	0.3%	$30.20	—	—	46187W107
MRK	MERCK & CO INC	3,167	$407K	0.2%	$128.51	—	—	58933Y105
PRU	PRUDENTIAL FINL INC	3,660	$395K	0.2%	$107.92	—	—	744320102
PG	PROCTER & GAMBLE CO	2,413	$354K	0.2%	$146.71	—	—	742718109
KO	COCA COLA CO	4,349	$353K	0.2%	$81.17	—	—	191216100
AMAT	Applied Materials Inc	419	$303K	0.2%	$723.15	—	—	038222105
NKE	NIKE INC	7,030	$289K	0.2%	$41.11	—	—	654106103
VZ	VERIZON COMMUNICATIONS INC	6,510	$276K	0.2%	$42.40	—	—	92343V104
FCNTX	Fidelity Contrafund	9,790	$262K	0.2%	$26.76	—	—	316071109
SCHB	SCHWAB STRATEGIC TR	8,918	$258K	0.2%	$28.93	—	—	808524102
EW	EDWARDS LIFESCIENCES CORP	2,707	$245K	0.1%	$90.51	—	—	28176E108
SWVXX	Schwab Value Advantage	11,000	$11,000	0.0%	$1.00	—	—	808515605

Increased Positions (7)

MOH Molina Healthcare Inc 5.4%

Value $8.822M (+275.6%) Shares 38,576 (+118.9%) Est. Cost $201.26 Unrealized —

NVDA NVIDIA CORPORATION 4.1%

Value $6.752M (+41.3%) Shares 33,747 (+23.2%) Est. Cost $189.16 Unrealized —

AMZN AMAZON COM INC 4.0%

Value $6.602M (+41.2%) Shares 27,702 (+23.4%) Est. Cost $229.01 Unrealized —

AAPL APPLE INC 7.0%

Value $11.43M (+16.9%) Shares 39,502 (+2.5%) Est. Cost $106.23 Unrealized —

PFE PFIZER INC 1.6%

Value $2.601M (-12.7%) Shares 108,034 (+1.8%) Est. Cost $25.02 Unrealized —

MSFT MICROSOFT CORP 5.2%

Value $8.431M (+3.4%) Shares 22,603 (+2.6%) Est. Cost $193.85 Unrealized —

META Meta Platforms Inc 5.6%

Value $9.208M (-0.2%) Shares 16,347 (+1.4%) Est. Cost $615.89 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MOH	Molina Healthcare Inc	38,576 (+118.9%)	$8.822M (+275.6%)	5.4%	$201.26	—	—	60855R100
NVDA	NVIDIA CORPORATION	33,747 (+23.2%)	$6.752M (+41.3%)	4.1%	$189.16	—	—	67066G104
AMZN	AMAZON COM INC	27,702 (+23.4%)	$6.602M (+41.2%)	4.0%	$229.01	—	—	023135106
AAPL	APPLE INC	39,502 (+2.5%)	$11.43M (+16.9%)	7.0%	$106.23	—	—	037833100
PFE	PFIZER INC	108,034 (+1.8%)	$2.601M (-12.7%)	1.6%	$25.02	—	—	717081103
MSFT	MICROSOFT CORP	22,603 (+2.6%)	$8.431M (+3.4%)	5.2%	$193.85	—	—	594918104
META	Meta Platforms Inc	16,347 (+1.4%)	$9.208M (-0.2%)	5.6%	$615.89	—	—	30303M102

Exited Positions (3)

DOW Dow Chemical Company 1.9%

Value $3.178M Shares 76,314 Est. Cost $29.05 Unrealized —

CSGP COSTAR GROUP INC 0.5%

Value $895K Shares 22,187 Est. Cost $85.56 Unrealized —

SCHH SCHWAB STRATEGIC TR 0.2%

Value $273K Shares 12,694 Est. Cost $21.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DOW	Dow Chemical Company	76,314	$3.178M	1.9%	$29.05	—	—	260557103
CSGP	COSTAR GROUP INC	22,187	$895K	0.5%	$85.56	—	—	22160N109
SCHH	SCHWAB STRATEGIC TR	12,694	$273K	0.2%	$21.21	—	—	808524847

Decreased Positions (18)

SUI SUN CMNTYS INC 0.3%

Value $520K (-85.2%) Shares 4,338 (-84.4%) Est. Cost $136.82 Unrealized —

ELS EQUITY LIFESTYLE PPTYS INC 0.3%

Value $504K (-85.1%) Shares 7,822 (-85.6%) Est. Cost $66.25 Unrealized —

BABA ALIBABA GROUP HLDG LTD 4.6%

Value $7.449M (-26.9%) Shares 77,614 (-4.5%) Est. Cost $91.07 Unrealized —

ESS ESSEX PPTY TR INC 0.4%

Value $638K (-80.5%) Shares 2,189 (-83.8%) Est. Cost $237.22 Unrealized —

EQR EQUITY RESIDENTIAL 0.4%

Value $717K (-78.6%) Shares 10,550 (-81.4%) Est. Cost $52.83 Unrealized —

BMNR Bitmine Immersion Tecnol 2.9%

Value $4.763M (-35.4%) Shares 357,852 (-4.0%) Est. Cost $30.51 Unrealized —

AVB AVALONBAY CMTYS INC 0.3%

Value $477K (-82.9%) Shares 2,528 (-85.2%) Est. Cost $188.65 Unrealized —

MAA MID AMER APT CMNTYS INC 0.4%

Value $626K (-75.3%) Shares 4,506 (-78.3%) Est. Cost $116.61 Unrealized —

GOOGL ALPHABET INC 5.1%

Value $8.371M (+20.9%) Shares 23,423 (-2.7%) Est. Cost $110.48 Unrealized —

BIL SPDR SER TR 1.4%

Value $2.35M (-36.4%) Shares 25,644 (-36.4%) Est. Cost $91.48 Unrealized —

JD Jd.Com Inc 4.1%

Value $6.662M (-16.5%) Shares 261,452 (-3.1%) Est. Cost $30.83 Unrealized —

CPT CAMDEN PPTY TR 0.4%

Value $582K (-66.8%) Shares 5,086 (-71.7%) Est. Cost $89.60 Unrealized —

IRT Independence Realty 0.2%

Value $400K (-72.9%) Shares 23,941 (-75.8%) Est. Cost $17.56 Unrealized —

UDR UDR INC 0.3%

Value $561K (-63.7%) Shares 14,057 (-69.3%) Est. Cost $33.52 Unrealized —

GOOG ALPHABET INC 4.2%

Value $6.921M (+15.1%) Shares 19,589 (-6.6%) Est. Cost $112.04 Unrealized —

AVGO BROADCOM INC 4.1%

Value $6.705M (+9.8%) Shares 17,749 (-10.0%) Est. Cost $147.00 Unrealized —

ACGL ARCH CAP GROUP LTD 1.2%

Value $1.929M (-7.1%) Shares 19,872 (-8.1%) Est. Cost $42.34 Unrealized —

BIDU BAIDU INC 1.6%

Value $2.547M (-1.9%) Shares 22,286 (-4.3%) Est. Cost $131.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SUI	SUN CMNTYS INC	4,338 (-84.4%)	$520K (-85.2%)	0.3%	$136.82	—	—	866674104
ELS	EQUITY LIFESTYLE PPTYS INC	7,822 (-85.6%)	$504K (-85.1%)	0.3%	$66.25	—	—	29472R108
BABA	ALIBABA GROUP HLDG LTD	77,614 (-4.5%)	$7.449M (-26.9%)	4.6%	$91.07	—	—	01609W102
ESS	ESSEX PPTY TR INC	2,189 (-83.8%)	$638K (-80.5%)	0.4%	$237.22	—	—	297178105
EQR	EQUITY RESIDENTIAL	10,550 (-81.4%)	$717K (-78.6%)	0.4%	$52.83	—	—	29476L107
BMNR	Bitmine Immersion Tecnol	357,852 (-4.0%)	$4.763M (-35.4%)	2.9%	$30.51	—	—	09175A206
AVB	AVALONBAY CMTYS INC	2,528 (-85.2%)	$477K (-82.9%)	0.3%	$188.65	—	—	053484101
MAA	MID AMER APT CMNTYS INC	4,506 (-78.3%)	$626K (-75.3%)	0.4%	$116.61	—	—	59522J103
GOOGL	ALPHABET INC	23,423 (-2.7%)	$8.371M (+20.9%)	5.1%	$110.48	—	—	02079K305
BIL	SPDR SER TR	25,644 (-36.4%)	$2.35M (-36.4%)	1.4%	$91.48	—	—	78468R663
JD	Jd.Com Inc	261,452 (-3.1%)	$6.662M (-16.5%)	4.1%	$30.83	—	—	47215P106
CPT	CAMDEN PPTY TR	5,086 (-71.7%)	$582K (-66.8%)	0.4%	$89.60	—	—	133131102
IRT	Independence Realty	23,941 (-75.8%)	$400K (-72.9%)	0.2%	$17.56	—	—	45378A106
UDR	UDR INC	14,057 (-69.3%)	$561K (-63.7%)	0.3%	$33.52	—	—	902653104
GOOG	ALPHABET INC	19,589 (-6.6%)	$6.921M (+15.1%)	4.2%	$112.04	—	—	02079K107
AVGO	BROADCOM INC	17,749 (-10.0%)	$6.705M (+9.8%)	4.1%	$147.00	—	—	11135F101
ACGL	ARCH CAP GROUP LTD	19,872 (-8.1%)	$1.929M (-7.1%)	1.2%	$42.34	—	—	G0450A105
BIDU	BAIDU INC	22,286 (-4.3%)	$2.547M (-1.9%)	1.6%	$131.75	—	—	056752108

Unchanged Positions (2)

KWEB Kraneshares Tr Csi China Inter 6.5%

Value $10.61M Shares 433,542 Est. Cost $35.19 Unrealized —

FXI CHINA LG-CAP ETF 0.4%

Value $590K Shares 18,670 Est. Cost $36.73 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KWEB	Kraneshares Tr Csi China Inter	433,542	$10.61M	6.5%	$35.19	—	—	500767306
FXI	CHINA LG-CAP ETF	18,670	$590K	0.4%	$36.73	—	—	464287184