Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HLI	HOULIHAN LOKEY INC	18,476	$2.334M	1.3%	$126.34	$133.06	-5.1%	CL A	441593100
HONA	HONEYWELL AEROSPACE INC	2,868	$444K	0.3%	$154.97	$181.88	-14.8%	COM	43849R105
VOO	VANGUARD INDEX FDS	558	$391K	0.2%	$700.94	$698.45	+0.3%	S&P 500 ETF SHS	922908363
FER	FERROVIAL NV	5,398	$292K	0.2%	$54.10	$61.36	-11.8%	ORD SHS	N3168P101
AGOX	STARBOARD INVT TR	7,982	$266K	0.2%	$33.36	$33.71	-1.0%	ADAPTIVE ALPHA	85521B742
PLTR	PALANTIR TECHNOLOGIES INC	1,377	$257K	0.1%	$186.99	$159.37	+17.4%	CL A	69608A108
—	ALPHABET INC	4,998	$242K	0.1%	$48.49	$48.49	—	DEP SHS RP1/20 B	02079K602
—	ALPHABET INC	4,907	$241K	0.1%	$49.08	$49.08	—	DEP SHS RP1/20 A	02079K404
ASML	ASML HLDG NV	125	$226K	0.1%	$1811.67	$1733.64	+4.5%	N Y REGISTRY SHS	N07059210
SCHD	SCHWAB STRATEGIC TR	6,387	$208K	0.1%	$32.53	$33.71	-3.5%	US DIVIDEND EQ	808524797
ABEQ	UNIFIED SER TR	5,506	$204K	0.1%	$37.11	$38.34	-3.2%	ABSLUTE SELCT VL	90470L568
DETX	LIBERTY DEFENSE HLDGS LTD	21,290	$44,709	0.0%	$2.10	$3.11	-32.5%	COM NEW	53044R867

Increased Positions (32)

MSFT MICROSOFT CORP 2.8%

Value $4.899M (+44.9%) Shares 9,552 (+5.4%) Share Price $512.89 Est. Cost/Share $263.30 Unrealized @ Report Date +94.8%

META META PLATFORMS INC 0.6%

Value $1.137M (+68.2%) Shares 1,568 (+30.7%) Share Price $725.18 Est. Cost/Share $412.55 Unrealized @ Report Date +75.8%

CVX CHEVRON CORPORATION 1.0%

Value $1.795M (+30.0%) Shares 8,788 (+5.6%) Share Price $204.21 Est. Cost/Share $104.12 Unrealized @ Report Date +96.1%

MU MICRON TECHNOLOGY INC 0.8%

Value $1.482M (+28.4%) Shares 1,391 (+39.1%) Share Price $1065.11 Est. Cost/Share $475.16 Unrealized @ Report Date +124.2%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.5%

Value $834K (+40.6%) Shares 1,828 (+47.2%) Share Price $456.19 Est. Cost/Share $278.79 Unrealized @ Report Date +63.6%

BLK BLACKROCK INC 1.0%

Value $1.773M (+15.3%) Shares 1,675 (+4.8%) Share Price $1058.29 Est. Cost/Share $970.32 Unrealized @ Report Date +9.1%

JNJ JOHNSON & JOHNSON 1.3%

Value $2.248M (+11.5%) Shares 8,490 (+7.0%) Share Price $264.74 Est. Cost/Share $149.78 Unrealized @ Report Date +76.7%

VZ VERIZON COMMUNICATIONS INC 0.8%

Value $1.464M (+16.8%) Shares 31,922 (+7.8%) Share Price $45.87 Est. Cost/Share $42.78 Unrealized @ Report Date +7.2%

MRK MERCK & CO INC 0.5%

Value $837K (+29.2%) Shares 5,757 (+14.3%) Share Price $145.32 Est. Cost/Share $86.76 Unrealized @ Report Date +67.5%

T AT&T INC 0.3%

Value $556K (+48.6%) Shares 22,784 (+26.1%) Share Price $24.40 Est. Cost/Share $22.27 Unrealized @ Report Date +9.5%

SGI SOMNIGROUP INTERNATIONAL INC 2.6%

Value $4.56M (+4.1%) Shares 73,425 (+31.5%) Share Price $62.11 Est. Cost/Share $36.92 Unrealized @ Report Date +68.2%

QQQ INVESCO QQQ TR 0.3%

Value $532K (+41.1%) Shares 719 (+40.4%) Share Price $739.27 Est. Cost/Share $558.91 Unrealized @ Report Date +32.4%

AMZN AMAZON COM INC 1.1%

Value $1.862M (+8.3%) Shares 7,474 (+3.6%) Share Price $249.15 Est. Cost/Share $140.35 Unrealized @ Report Date +77.5%

IWF ISHARES TR 0.2%

Value $420K (+46.8%) Shares 3,353 (+45.5%) Share Price $125.26 Est. Cost/Share $119.37 Unrealized @ Report Date +4.9%

KO COCA COLA CO 0.4%

Value $716K (+22.5%) Shares 8,317 (+15.7%) Share Price $86.08 Est. Cost/Share $61.16 Unrealized @ Report Date +40.7%

HAS HASBRO INC 0.3%

Value $565K (+29.2%) Shares 6,445 (+21.7%) Share Price $87.68 Est. Cost/Share $73.49 Unrealized @ Report Date +19.3%

APAM ARTISAN PARTNERS ASSET MGMT 0.3%

Value $450K (+35.0%) Shares 12,454 (+29.1%) Share Price $36.12 Est. Cost/Share $38.96 Unrealized @ Report Date -7.3%

AMT AMERICAN TOWER CORP 0.8%

Value $1.375M (+8.5%) Shares 8,398 (+8.4%) Share Price $163.69 Est. Cost/Share $195.40 Unrealized @ Report Date —

BIL SPDR SERIES TRUST 0.3%

Value $485K (+26.3%) Shares 5,297 (+26.3%) Share Price $91.64 Est. Cost/Share $91.55 Unrealized @ Report Date +0.1%

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value $360K (+38.8%) Shares 1,360 (+300.0%) Share Price $264.75 Est. Cost/Share $301.27 Unrealized @ Report Date -12.1%

PG PROCTER & GAMBLE CO 0.4%

Value $674K (+16.7%) Shares 4,642 (+17.8%) Share Price $145.26 Est. Cost/Share $147.19 Unrealized @ Report Date -1.3%

PAYX PAYCHEX INC 0.5%

Value $880K (+10.8%) Shares 8,939 (+10.6%) Share Price $98.50 Est. Cost/Share $92.42 Unrealized @ Report Date +6.6%

CINF CINCINNATI FINL CORP 0.7%

Value $1.237M (-6.1%) Shares 7,764 (+9.1%) Share Price $159.37 Est. Cost/Share $99.98 Unrealized @ Report Date +59.4%

GE GE AEROSPACE 0.2%

Value $369K (-15.1%) Shares 1,182 (+1.5%) Share Price $312.29 Est. Cost/Share $313.59 Unrealized @ Report Date -0.4%

GD GENERAL DYNAMICS CORP 0.4%

Value $678K (+8.6%) Shares 2,044 (+15.9%) Share Price $331.83 Est. Cost/Share $278.14 Unrealized @ Report Date +19.3%

DUK DUKE ENERGY CORP NEW 0.3%

Value $521K (+11.5%) Shares 4,568 (+23.8%) Share Price $114.02 Est. Cost/Share $114.63 Unrealized @ Report Date -0.5%

NSC NORFOLK SOUTHN CORP 1.1%

Value $1.91M (+2.8%) Shares 6,181 (+4.7%) Share Price $309.00 Est. Cost/Share $226.05 Unrealized @ Report Date +36.7%

MTB M & T BK CORP 0.4%

Value $635K (+7.6%) Shares 2,920 (+17.7%) Share Price $217.60 Est. Cost/Share $187.76 Unrealized @ Report Date +15.9%

AVGO BROADCOM INC 0.6%

Value $1.135M (-3.7%) Shares 3,232 (+3.6%) Share Price $351.19 Est. Cost/Share $312.97 Unrealized @ Report Date +12.2%

MO ALTRIA GROUP INC 0.7%

Value $1.204M (+1.7%) Shares 17,880 (+8.7%) Share Price $67.34 Est. Cost/Share $36.26 Unrealized @ Report Date +85.7%

GOOGL ALPHABET INC 0.3%

Value $576K (-2.4%) Shares 1,673 (+1.4%) Share Price $344.08 Est. Cost/Share $193.97 Unrealized @ Report Date +77.4%

STX SEAGATE TECHNOLOGY HLDNGS PL 2.0%

Value $3.486M (-0.1%) Shares 3,780 (+4.6%) Share Price $922.34 Est. Cost/Share $155.24 Unrealized @ Report Date +494.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	9,552 (+5.4%)	$4.899M (+44.9%)	2.8%	$512.89	$263.30	+94.8%	COM	594918104
META	META PLATFORMS INC	1,568 (+30.7%)	$1.137M (+68.2%)	0.6%	$725.18	$412.55	+75.8%	CL A	30303M102
CVX	CHEVRON CORPORATION	8,788 (+5.6%)	$1.795M (+30.0%)	1.0%	$204.21	$104.12	+96.1%	COM	166764100
MU	MICRON TECHNOLOGY INC	1,391 (+39.1%)	$1.482M (+28.4%)	0.8%	$1065.11	$475.16	+124.2%	COM	595112103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	1,828 (+47.2%)	$834K (+40.6%)	0.5%	$456.19	$278.79	+63.6%	SPONSORED ADS	874039100
BLK	BLACKROCK INC	1,675 (+4.8%)	$1.773M (+15.3%)	1.0%	$1058.29	$970.32	+9.1%	COM	09290D101
JNJ	JOHNSON & JOHNSON	8,490 (+7.0%)	$2.248M (+11.5%)	1.3%	$264.74	$149.78	+76.7%	COM	478160104
VZ	VERIZON COMMUNICATIONS INC	31,922 (+7.8%)	$1.464M (+16.8%)	0.8%	$45.87	$42.78	+7.2%	COM	92343V104
MRK	MERCK & CO INC	5,757 (+14.3%)	$837K (+29.2%)	0.5%	$145.32	$86.76	+67.5%	COM	58933Y105
T	AT&T INC	22,784 (+26.1%)	$556K (+48.6%)	0.3%	$24.40	$22.27	+9.5%	COM	00206R102
SGI	SOMNIGROUP INTERNATIONAL INC	73,425 (+31.5%)	$4.56M (+4.1%)	2.6%	$62.11	$36.92	+68.2%	COM	88023U101
QQQ	INVESCO QQQ TR	719 (+40.4%)	$532K (+41.1%)	0.3%	$739.27	$558.91	+32.4%	UNIT SER 1	46090E103
AMZN	AMAZON COM INC	7,474 (+3.6%)	$1.862M (+8.3%)	1.1%	$249.15	$140.35	+77.5%	COM	023135106
IWF	ISHARES TR	3,353 (+45.5%)	$420K (+46.8%)	0.2%	$125.26	$119.37	+4.9%	RUS 1000 GRW ETF	464287614
KO	COCA COLA CO	8,317 (+15.7%)	$716K (+22.5%)	0.4%	$86.08	$61.16	+40.7%	COM	191216100
HAS	HASBRO INC	6,445 (+21.7%)	$565K (+29.2%)	0.3%	$87.68	$73.49	+19.3%	COM	418056107
APAM	ARTISAN PARTNERS ASSET MGMT	12,454 (+29.1%)	$450K (+35.0%)	0.3%	$36.12	$38.96	-7.3%	CL A	04316A108
AMT	AMERICAN TOWER CORP	8,398 (+8.4%)	$1.375M (+8.5%)	0.8%	$163.69	$195.40	—	COM	03027X100
BIL	SPDR SERIES TRUST	5,297 (+26.3%)	$485K (+26.3%)	0.3%	$91.64	$91.55	+0.1%	ST STR BLO 1 ETF	78468R663
CRWD	CROWDSTRIKE HLDGS INC	1,360 (+300.0%)	$360K (+38.8%)	0.2%	$264.75	$301.27	-12.1%	CL A	22788C105
PG	PROCTER & GAMBLE CO	4,642 (+17.8%)	$674K (+16.7%)	0.4%	$145.26	$147.19	-1.3%	COM	742718109
PAYX	PAYCHEX INC	8,939 (+10.6%)	$880K (+10.8%)	0.5%	$98.50	$92.42	+6.6%	COM	704326107
CINF	CINCINNATI FINL CORP	7,764 (+9.1%)	$1.237M (-6.1%)	0.7%	$159.37	$99.98	+59.4%	COM	172062101
GE	GE AEROSPACE	1,182 (+1.5%)	$369K (-15.1%)	0.2%	$312.29	$313.59	-0.4%	COM NEW	369604301
GD	GENERAL DYNAMICS CORP	2,044 (+15.9%)	$678K (+8.6%)	0.4%	$331.83	$278.14	+19.3%	COM	369550108
DUK	DUKE ENERGY CORP NEW	4,568 (+23.8%)	$521K (+11.5%)	0.3%	$114.02	$114.63	-0.5%	COM NEW	26441C204
NSC	NORFOLK SOUTHN CORP	6,181 (+4.7%)	$1.91M (+2.8%)	1.1%	$309.00	$226.05	+36.7%	COM	655844108
MTB	M & T BK CORP	2,920 (+17.7%)	$635K (+7.6%)	0.4%	$217.60	$187.76	+15.9%	COM	55261F104
AVGO	BROADCOM INC	3,232 (+3.6%)	$1.135M (-3.7%)	0.6%	$351.19	$312.97	+12.2%	COM	11135F101
MO	ALTRIA GROUP INC	17,880 (+8.7%)	$1.204M (+1.7%)	0.7%	$67.34	$36.26	+85.7%	COM	02209S103
GOOGL	ALPHABET INC	1,673 (+1.4%)	$576K (-2.4%)	0.3%	$344.08	$193.97	+77.4%	CAP STK CL A	02079K305
STX	SEAGATE TECHNOLOGY HLDNGS PL	3,780 (+4.6%)	$3.486M (-0.1%)	2.0%	$922.34	$155.24	+494.1%	ORD SHS	G7997R103

Exited Positions (5)

OKE ONEOK INC NEW 0.5%

Value $802K Shares 9,225 Share Price $86.94 Est. Cost/Share $75.04 Unrealized @ Report Date +13.6%

MSCI MSCI INC 0.3%

Value $463K Shares 826 Share Price $560.04 * Est. Cost/Share $514.86 Unrealized @ Report Date +4.6%

KLAC KLA CORP 0.2%

Value $422K Shares 1,400 Share Price $301.71 * Est. Cost/Share $1497.98 Unrealized @ Report Date -87.0%

CCI CROWN CASTLE INC 0.2%

Value $328K Shares 4,333 Share Price $75.73 Est. Cost/Share $114.47 Unrealized @ Report Date —

CAT CATERPILLAR INC 0.1%

Value $229K Shares 215 Share Price $1064.90 * Est. Cost/Share $692.52 Unrealized @ Report Date +17.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OKE	ONEOK INC NEW	9,225	$802K	0.5%	$86.94	$75.04	+13.6%	—	682680103
MSCI	MSCI INC	826	$463K	0.3%	$560.04 *	$514.86	+4.6%	—	55354G100
KLAC	KLA CORP	1,400	$422K	0.2%	$301.71 *	$1497.98	-87.0%	—	482480100
CCI	CROWN CASTLE INC	4,333	$328K	0.2%	$75.73	$114.47	—	—	22822V101
CAT	CATERPILLAR INC	215	$229K	0.1%	$1064.90 *	$692.52	+17.1%	—	149123101

Decreased Positions (41)

AMAT APPLIED MATLS INC 2.0%

Value $3.497M (-38.1%) Shares 6,838 (-12.5%) Share Price $511.38 Est. Cost/Share $119.45 Unrealized @ Report Date +328.1%

FND FLOOR & DECOR HLDGS INC 1.4%

Value $2.372M (-24.0%) Shares 51,787 (-1.6%) Share Price $45.81 Est. Cost/Share $81.34 Unrealized @ Report Date -43.7%

ANET ARISTA NETWORKS INC 2.1%

Value $3.74M (+17.2%) Shares 18,370 (-2.2%) Share Price $203.59 Est. Cost/Share $101.39 Unrealized @ Report Date +100.8%

AXP AMERICAN EXPRESS CO 2.0%

Value $3.441M (-11.6%) Shares 11,314 (-1.7%) Share Price $304.10 Est. Cost/Share $123.57 Unrealized @ Report Date +146.1%

BKNG BOOKING HOLDINGS INC 2.1%

Value $3.649M (-10.5%) Shares 22,398 (-2.1%) Share Price $162.91 Est. Cost/Share $242.02 Unrealized @ Report Date -32.7%

EL LAUDER ESTEE COS INC 1.1%

Value $1.858M (-17.9%) Shares 20,027 (-30.1%) Share Price $92.77 Est. Cost/Share $223.63 Unrealized @ Report Date -58.5%

INTC INTEL CORP 1.1%

Value $1.873M (-16.7%) Shares 15,581 (-3.3%) Share Price $120.23 Est. Cost/Share $25.24 Unrealized @ Report Date +376.4%

PGR PROGRESSIVE CORP 2.6%

Value $4.599M (-7.2%) Shares 22,182 (-2.3%) Share Price $207.31 Est. Cost/Share $92.59 Unrealized @ Report Date +123.9%

CSCO CISCO SYS INC 0.6%

Value $969K (-26.6%) Shares 9,000 (-19.9%) Share Price $107.62 Est. Cost/Share $37.60 Unrealized @ Report Date +186.3%

CMI CUMMINS INC 0.5%

Value $868K (-28.5%) Shares 1,681 (-1.3%) Share Price $516.57 Est. Cost/Share $507.68 Unrealized @ Report Date +1.8%

THO THOR INDS INC 2.0%

Value $3.445M (-9.1%) Shares 49,861 (-1.1%) Share Price $69.10 Est. Cost/Share $93.05 Unrealized @ Report Date -25.7%

GBIL GOLDMAN SACHS ETF TR 1.3%

Value $2.3M (-10.9%) Shares 22,970 (-10.9%) Share Price $100.11 Est. Cost/Share $100.03 Unrealized @ Report Date +0.1%

SBUX STARBUCKS CORP 0.5%

Value $822K (-25.4%) Shares 8,744 (-18.9%) Share Price $93.96 Est. Cost/Share $89.98 Unrealized @ Report Date +4.4%

MC MOELIS & CO 0.9%

Value $1.664M (-14.3%) Shares 28,928 (-2.6%) Share Price $57.52 Est. Cost/Share $34.69 Unrealized @ Report Date +65.8%

SCHW CHARLES SCHWAB CORP (THE) 3.7%

Value $6.472M (+3.8%) Shares 66,215 (-2.0%) Share Price $97.74 Est. Cost/Share $52.30 Unrealized @ Report Date +86.9%

TRV TRAVELERS COMPANIES INC 0.2%

Value $351K (-38.5%) Shares 985 (-43.1%) Share Price $356.51 Est. Cost/Share $159.78 Unrealized @ Report Date +123.1%

NOW SERVICENOW INC 0.5%

Value $913K (+27.3%) Shares 6,810 (-5.7%) Share Price $134.01 Est. Cost/Share $140.67 Unrealized @ Report Date -4.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.5%

Value $7.94M (-2.0%) Shares 15,945 (-1.5%) Share Price $497.95 Est. Cost/Share $223.41 Unrealized @ Report Date +122.9%

D DOMINION ENERGY INC 0.6%

Value $1.1M (-12.3%) Shares 18,175 (-1.0%) Share Price $60.52 Est. Cost/Share $58.79 Unrealized @ Report Date +3.0%

UNH UNITEDHEALTH GROUP INC 0.4%

Value $776K (-16.3%) Shares 2,115 (-5.2%) Share Price $367.14 Est. Cost/Share $337.21 Unrealized @ Report Date +8.9%

LRCX LAM RESEARCH CORP 0.2%

Value $339K (-28.6%) Shares 1,032 (-5.8%) Share Price $328.51 Est. Cost/Share $223.72 Unrealized @ Report Date +46.8%

LOW LOWES COS INC 0.3%

Value $610K (-17.3%) Shares 3,311 (-1.1%) Share Price $184.29 Est. Cost/Share $158.51 Unrealized @ Report Date +16.3%

LLY ELI LILLY & CO 1.2%

Value $2.162M (-4.8%) Shares 1,868 (-1.3%) Share Price $1157.28 Est. Cost/Share $462.53 Unrealized @ Report Date +150.2%

SHOP SHOPIFY INC 0.3%

Value $578K (-14.1%) Shares 3,895 (-33.9%) Share Price $148.30 Est. Cost/Share $81.09 Unrealized @ Report Date +82.9%

ORCL ORACLE CORP 0.4%

Value $651K (-11.8%) Shares 4,739 (-5.9%) Share Price $137.30 Est. Cost/Share $158.50 Unrealized @ Report Date -13.4%

AEM AGNICO EAGLE MINES LTD 0.3%

Value $511K (+14.3%) Shares 2,790 (-3.3%) Share Price $183.27 Est. Cost/Share $53.60 Unrealized @ Report Date +241.9%

GEV GE VERNOVA INC 0.1%

Value $230K (-21.7%) Shares 242 (-3.2%) Share Price $950.49 Est. Cost/Share $1020.67 Unrealized @ Report Date -6.9%

PM PHILIP MORRIS INTL INC 0.7%

Value $1.215M (+4.1%) Shares 6,366 (-1.3%) Share Price $190.82 Est. Cost/Share $77.25 Unrealized @ Report Date +147.0%

CSGP COSTAR GROUP INC 0.2%

Value $313K (-9.0%) Shares 11,422 (-6.0%) Share Price $27.40 Est. Cost/Share $58.69 Unrealized @ Report Date -53.3%

V VISA INC 0.5%

Value $947K (+3.1%) Shares 2,635 (-1.5%) Share Price $359.33 Est. Cost/Share $240.20 Unrealized @ Report Date +49.6%

IDXX IDEXX LABS INC 0.2%

Value $308K (-6.8%) Shares 589 (-6.1%) Share Price $522.19 Est. Cost/Share $501.89 Unrealized @ Report Date +4.0%

AWI ARMSTRONG WORLD INDS INC NEW 1.4%

Value $2.406M (-0.9%) Shares 14,861 (-1.8%) Share Price $161.93 Est. Cost/Share $93.13 Unrealized @ Report Date +73.9%

RSG REPUBLIC SVCS INC 0.4%

Value $768K (-2.6%) Shares 3,661 (-1.2%) Share Price $209.87 Est. Cost/Share $209.04 Unrealized @ Report Date +0.4%

ABNB AIRBNB INC 0.2%

Value $352K (+5.7%) Shares 2,192 (-5.9%) Share Price $160.65 Est. Cost/Share $146.06 Unrealized @ Report Date +10.0%

EMR EMERSON ELEC CO 0.3%

Value $463K (+4.2%) Shares 2,984 (-3.9%) Share Price $155.10 Est. Cost/Share $114.08 Unrealized @ Report Date +36.0%

SPY STATE STR SPDR S&P 500 ETF T 0.3%

Value $465K (-3.7%) Shares 610 (-5.7%) Share Price $762.02 Est. Cost/Share $621.18 Unrealized @ Report Date +22.8%

TEL TE CONNECTIVITY PLC 0.3%

Value $553K (+3.0%) Shares 2,622 (-1.7%) Share Price $211.08 Est. Cost/Share $154.13 Unrealized @ Report Date +36.9%

LAKE LAKELAND INDS INC 0.1%

Value $132K (-10.4%) Shares 13,385 (-3.0%) Share Price $9.88 Est. Cost/Share $14.04 Unrealized @ Report Date -29.6%

FAST FASTENAL CO 0.4%

Value $750K (+1.8%) Shares 15,139 (-1.3%) Share Price $49.53 Est. Cost/Share $30.77 Unrealized @ Report Date +61.0%

MA MASTERCARD INCORPORATED 0.4%

Value $757K (+1.2%) Shares 1,373 (-5.8%) Share Price $551.47 Est. Cost/Share $380.42 Unrealized @ Report Date +45.0%

ISRG INTUITIVE SURGICAL INC 0.1%

Value $255K (-3.3%) Shares 628 (-5.4%) Share Price $406.63 Est. Cost/Share $531.56 Unrealized @ Report Date -23.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMAT	APPLIED MATLS INC	6,838 (-12.5%)	$3.497M (-38.1%)	2.0%	$511.38	$119.45	+328.1%	COM	038222105
FND	FLOOR & DECOR HLDGS INC	51,787 (-1.6%)	$2.372M (-24.0%)	1.4%	$45.81	$81.34	-43.7%	CL A	339750101
ANET	ARISTA NETWORKS INC	18,370 (-2.2%)	$3.74M (+17.2%)	2.1%	$203.59	$101.39	+100.8%	COM SHS	040413205
AXP	AMERICAN EXPRESS CO	11,314 (-1.7%)	$3.441M (-11.6%)	2.0%	$304.10	$123.57	+146.1%	COM	025816109
BKNG	BOOKING HOLDINGS INC	22,398 (-2.1%)	$3.649M (-10.5%)	2.1%	$162.91	$242.02	-32.7%	COM	09857L108
EL	LAUDER ESTEE COS INC	20,027 (-30.1%)	$1.858M (-17.9%)	1.1%	$92.77	$223.63	-58.5%	CL A	518439104
INTC	INTEL CORP	15,581 (-3.3%)	$1.873M (-16.7%)	1.1%	$120.23	$25.24	+376.4%	COM	458140100
PGR	PROGRESSIVE CORP	22,182 (-2.3%)	$4.599M (-7.2%)	2.6%	$207.31	$92.59	+123.9%	COM	743315103
CSCO	CISCO SYS INC	9,000 (-19.9%)	$969K (-26.6%)	0.6%	$107.62	$37.60	+186.3%	COM	17275R102
CMI	CUMMINS INC	1,681 (-1.3%)	$868K (-28.5%)	0.5%	$516.57	$507.68	+1.8%	COM	231021106
THO	THOR INDS INC	49,861 (-1.1%)	$3.445M (-9.1%)	2.0%	$69.10	$93.05	-25.7%	COM	885160101
GBIL	GOLDMAN SACHS ETF TR	22,970 (-10.9%)	$2.3M (-10.9%)	1.3%	$100.11	$100.03	+0.1%	ACCES TREASURY	381430529
SBUX	STARBUCKS CORP	8,744 (-18.9%)	$822K (-25.4%)	0.5%	$93.96	$89.98	+4.4%	COM	855244109
MC	MOELIS & CO	28,928 (-2.6%)	$1.664M (-14.3%)	0.9%	$57.52	$34.69	+65.8%	CL A	60786M105
SCHW	CHARLES SCHWAB CORP (THE)	66,215 (-2.0%)	$6.472M (+3.8%)	3.7%	$97.74	$52.30	+86.9%	COM	808513105
TRV	TRAVELERS COMPANIES INC	985 (-43.1%)	$351K (-38.5%)	0.2%	$356.51	$159.78	+123.1%	COM	89417E109
NOW	SERVICENOW INC	6,810 (-5.7%)	$913K (+27.3%)	0.5%	$134.01	$140.67	-4.7%	COM	81762P102
BRK/B	BERKSHIRE HATHAWAY INC DEL	15,945 (-1.5%)	$7.94M (-2.0%)	4.5%	$497.95	$223.41	+122.9%	CL B NEW	084670702
D	DOMINION ENERGY INC	18,175 (-1.0%)	$1.1M (-12.3%)	0.6%	$60.52	$58.79	+3.0%	COM	25746U109
UNH	UNITEDHEALTH GROUP INC	2,115 (-5.2%)	$776K (-16.3%)	0.4%	$367.14	$337.21	+8.9%	COM	91324P102
LRCX	LAM RESEARCH CORP	1,032 (-5.8%)	$339K (-28.6%)	0.2%	$328.51	$223.72	+46.8%	COM NEW	512807306
LOW	LOWES COS INC	3,311 (-1.1%)	$610K (-17.3%)	0.3%	$184.29	$158.51	+16.3%	COM	548661107
LLY	ELI LILLY & CO	1,868 (-1.3%)	$2.162M (-4.8%)	1.2%	$1157.28	$462.53	+150.2%	COM	532457108
SHOP	SHOPIFY INC	3,895 (-33.9%)	$578K (-14.1%)	0.3%	$148.30	$81.09	+82.9%	CL A SUB VTG SHS	82509L107
ORCL	ORACLE CORP	4,739 (-5.9%)	$651K (-11.8%)	0.4%	$137.30	$158.50	-13.4%	COM	68389X105
AEM	AGNICO EAGLE MINES LTD	2,790 (-3.3%)	$511K (+14.3%)	0.3%	$183.27	$53.60	+241.9%	COM	008474108
GEV	GE VERNOVA INC	242 (-3.2%)	$230K (-21.7%)	0.1%	$950.49	$1020.67	-6.9%	COM	36828A101
PM	PHILIP MORRIS INTL INC	6,366 (-1.3%)	$1.215M (+4.1%)	0.7%	$190.82	$77.25	+147.0%	COM	718172109
CSGP	COSTAR GROUP INC	11,422 (-6.0%)	$313K (-9.0%)	0.2%	$27.40	$58.69	-53.3%	COM	22160N109
V	VISA INC	2,635 (-1.5%)	$947K (+3.1%)	0.5%	$359.33	$240.20	+49.6%	COM CL A	92826C839
IDXX	IDEXX LABS INC	589 (-6.1%)	$308K (-6.8%)	0.2%	$522.19	$501.89	+4.0%	COM	45168D104
AWI	ARMSTRONG WORLD INDS INC NEW	14,861 (-1.8%)	$2.406M (-0.9%)	1.4%	$161.93	$93.13	+73.9%	COM	04247X102
RSG	REPUBLIC SVCS INC	3,661 (-1.2%)	$768K (-2.6%)	0.4%	$209.87	$209.04	+0.4%	COM	760759100
ABNB	AIRBNB INC	2,192 (-5.9%)	$352K (+5.7%)	0.2%	$160.65	$146.06	+10.0%	COM CL A	009066101
EMR	EMERSON ELEC CO	2,984 (-3.9%)	$463K (+4.2%)	0.3%	$155.10	$114.08	+36.0%	COM	291011104
SPY	STATE STR SPDR S&P 500 ETF T	610 (-5.7%)	$465K (-3.7%)	0.3%	$762.02	$621.18	+22.8%	TR UNIT	78462F103
TEL	TE CONNECTIVITY PLC	2,622 (-1.7%)	$553K (+3.0%)	0.3%	$211.08	$154.13	+36.9%	ORD SHS	G87052109
LAKE	LAKELAND INDS INC	13,385 (-3.0%)	$132K (-10.4%)	0.1%	$9.88	$14.04	-29.6%	COM	511795106
FAST	FASTENAL CO	15,139 (-1.3%)	$750K (+1.8%)	0.4%	$49.53	$30.77	+61.0%	COM	311900104
MA	MASTERCARD INCORPORATED	1,373 (-5.8%)	$757K (+1.2%)	0.4%	$551.47	$380.42	+45.0%	CL A	57636Q104
ISRG	INTUITIVE SURGICAL INC	628 (-5.4%)	$255K (-3.3%)	0.1%	$406.63	$531.56	-23.5%	COM NEW	46120E602

Unchanged Positions (47)

ASTS AST SPACEMOBILE INC 2.4%

Value $4.159M Shares 70,662 Share Price $58.86 Est. Cost/Share $5.68 Unrealized @ Report Date +936.0%

GLW CORNING INC 0.8%

Value $1.43M Shares 9,302 Share Price $153.76 Est. Cost/Share $49.11 Unrealized @ Report Date +213.1%

AAPL APPLE INC 3.8%

Value $6.723M Shares 20,187 Share Price $333.01 Est. Cost/Share $138.81 Unrealized @ Report Date +139.9%

NVDA NVIDIA CORPORATION 3.3%

Value $5.816M Shares 25,468 Share Price $228.38 Est. Cost/Share $115.58 Unrealized @ Report Date +97.6%

IBP INSTALLED BLDG PRODS INC 1.2%

Value $2.165M Shares 11,285 Share Price $191.88 Est. Cost/Share $173.32 Unrealized @ Report Date +10.7%

BN BROOKFIELD CORP 1.4%

Value $2.51M Shares 68,853 Share Price $36.46 Est. Cost/Share $32.73 Unrealized @ Report Date +11.4%

ABG ASBURY AUTOMOTIVE GROUP INC 1.3%

Value $2.267M Shares 13,160 Share Price $172.30 Est. Cost/Share $229.47 Unrealized @ Report Date -24.9%

MKL MARKEL GROUP INC 1.3%

Value $2.276M Shares 1,329 Share Price $1712.45 Est. Cost/Share $1280.55 Unrealized @ Report Date +33.7%

GOOG ALPHABET INC 3.9%

Value $6.753M Shares 19,818 Share Price $340.74 Est. Cost/Share $129.13 Unrealized @ Report Date +163.9%

AON AON PLC 0.8%

Value $1.37M Shares 4,951 Share Price $276.77 Est. Cost/Share $239.65 Unrealized @ Report Date +15.5%

CCOI COGENT COMM HOLDINGS INC 0.2%

Value $272K Shares 34,955 Share Price $7.79 Est. Cost/Share $37.95 Unrealized @ Report Date -79.5%

NVR NVR INC 1.1%

Value $1.982M Shares 322 Share Price $6154.39 Est. Cost/Share $4285.71 Unrealized @ Report Date +43.6%

FNV FRANCO NEV CORP 0.7%

Value $1.302M Shares 5,470 Share Price $238.11 Est. Cost/Share $138.90 Unrealized @ Report Date +71.4%

ORLY OREILLY AUTOMOTIVE INC 0.9%

Value $1.595M Shares 18,675 Share Price $85.41 Est. Cost/Share $87.18 Unrealized @ Report Date -2.0%

DELL DELL TECHNOLOGIES INC 0.3%

Value $562K Shares 1,045 Share Price $537.95 Est. Cost/Share $289.23 Unrealized @ Report Date +86.0%

L LOEWS CORP 0.7%

Value $1.164M Shares 11,148 Share Price $104.43 Est. Cost/Share $44.17 Unrealized @ Report Date +136.5%

RYN RAYONIER INC 0.3%

Value $604K Shares 32,880 Share Price $18.36 Est. Cost/Share $21.28 Unrealized @ Report Date —

APD AIR PRODUCTS AND CHEMICALS I 0.8%

Value $1.42M Shares 5,105 Share Price $278.23 Est. Cost/Share $256.22 Unrealized @ Report Date +8.6%

MDT MEDTRONIC PLC 0.5%

Value $922K Shares 10,687 Share Price $86.29 Est. Cost/Share $83.75 Unrealized @ Report Date +3.0%

HUBB HUBBELL INC 0.3%

Value $556K Shares 1,225 Share Price $453.60 Est. Cost/Share $473.22 Unrealized @ Report Date -4.1%

TXN TEXAS INSTRS INC 0.6%

Value $1.134M Shares 4,047 Share Price $280.09 Est. Cost/Share $146.36 Unrealized @ Report Date +91.4%

RH RH 0.1%

Value $220K Shares 1,808 Share Price $121.75 Est. Cost/Share $357.64 Unrealized @ Report Date -66.0%

NEE NEXTERA ENERGY INC 0.3%

Value $466K Shares 6,157 Share Price $75.74 Est. Cost/Share $90.46 Unrealized @ Report Date -16.3%

DIS DISNEY WALT CO 0.4%

Value $772K Shares 7,362 Share Price $104.91 Est. Cost/Share $133.58 Unrealized @ Report Date -21.5%

LHX L3HARRIS TECHNOLOGIES INC 0.1%

Value $219K Shares 926 Share Price $236.81 Est. Cost/Share $227.05 Unrealized @ Report Date +4.3%

KNSL KINSALE CAP GROUP INC 1.0%

Value $1.784M Shares 5,529 Share Price $322.75 Est. Cost/Share $377.87 Unrealized @ Report Date -14.6%

LOOP LOOP INDS INC 0.0%

Value $32,507 Shares 78,710 Share Price $0.41 Est. Cost/Share $1.32 Unrealized @ Report Date -68.7%

EOG EOG RES INC 0.4%

Value $715K Shares 5,189 Share Price $137.76 Est. Cost/Share $90.28 Unrealized @ Report Date +52.6%

CDW CDW CORP 0.2%

Value $435K Shares 3,395 Share Price $128.16 Est. Cost/Share $150.33 Unrealized @ Report Date -14.7%

NOC NORTHROP GRUMMAN CORP 0.3%

Value $565K Shares 1,169 Share Price $483.48 Est. Cost/Share $425.62 Unrealized @ Report Date +13.6%

SUNB SUNBELT RENTALS HOLDINGS INC 1.0%

Value $1.779M Shares 24,297 Share Price $73.21 Est. Cost/Share $74.98 Unrealized @ Report Date -2.4%

KMX CARMAX INC 0.4%

Value $679K Shares 12,315 Share Price $55.11 Est. Cost/Share $70.40 Unrealized @ Report Date -21.7%

CB CHUBB LIMITED 0.3%

Value $476K Shares 1,465 Share Price $325.25 Est. Cost/Share $287.12 Unrealized @ Report Date +13.3%

EPD ENTERPRISE PRODS PARTNERS L 0.3%

Value $608K Shares 17,070 Share Price $35.61 Est. Cost/Share $21.39 Unrealized @ Report Date —

WMT WALMART INC 0.1%

Value $202K Shares 1,942 Share Price $103.92 Est. Cost/Share $107.20 Unrealized @ Report Date -3.1%

FLNT FLUENT INC 0.1%

Value $94,075 Shares 30,008 Share Price $3.13 Est. Cost/Share $3.19 Unrealized @ Report Date -1.7%

ADI ANALOG DEVICES INC 0.9%

Value $1.634M Shares 4,120 Share Price $396.71 Est. Cost/Share $131.69 Unrealized @ Report Date +201.2%

QSR RESTAURANT BRANDS INTL INC 0.3%

Value $475K Shares 6,686 Share Price $71.08 Est. Cost/Share $70.18 Unrealized @ Report Date +1.3%

ET ENERGY TRANSFER L P 0.2%

Value $369K Shares 18,680 Share Price $19.77 Est. Cost/Share $10.41 Unrealized @ Report Date —

UL UNILEVER PLC 0.6%

Value $1.119M Shares 18,427 Share Price $60.73 Est. Cost/Share $65.10 Unrealized @ Report Date -6.7%

BORR BORR DRILLING LTD 0.1%

Value $120K Shares 30,935 Share Price $3.89 Est. Cost/Share $3.42 Unrealized @ Report Date +13.7%

HDV ISHARES TR 0.1%

Value $251K Shares 8,975 Share Price $27.96 Est. Cost/Share $26.34 Unrealized @ Report Date +6.2%

IEX IDEX CORP 0.3%

Value $514K Shares 2,253 Share Price $227.98 Est. Cost/Share $176.88 Unrealized @ Report Date +28.9%

JPM JPMORGAN CHASE & CO 0.1%

Value $225K Shares 680 Share Price $330.83 Est. Cost/Share $309.53 Unrealized @ Report Date +6.9%

RMCF ROCKY MTN CHOCOLATE FACTORY 0.0%

Value $19,094 Shares 23,567 Share Price $0.81 Est. Cost/Share $3.34 Unrealized @ Report Date -75.7%

RCT REDCLOUD HLDGS PLC 0.0%

Value $2,524 Shares 13,010 Share Price $0.19 Est. Cost/Share $1.68 Unrealized @ Report Date -88.5%

BAM BROOKFIELD ASSET MANAGMT LTD 0.2%

Value $406K Shares 9,112 Share Price $44.58 Est. Cost/Share $29.36 Unrealized @ Report Date +51.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ASTS	AST SPACEMOBILE INC	70,662	$4.159M	2.4%	$58.86	$5.68	+936.0%	COM CL A	00217D100
GLW	CORNING INC	9,302	$1.43M	0.8%	$153.76	$49.11	+213.1%	COM	219350105
AAPL	APPLE INC	20,187	$6.723M	3.8%	$333.01	$138.81	+139.9%	COM	037833100
NVDA	NVIDIA CORPORATION	25,468	$5.816M	3.3%	$228.38	$115.58	+97.6%	COM	67066G104
IBP	INSTALLED BLDG PRODS INC	11,285	$2.165M	1.2%	$191.88	$173.32	+10.7%	COM	45780R101
BN	BROOKFIELD CORP	68,853	$2.51M	1.4%	$36.46	$32.73	+11.4%	CL A LTD VT SH	11271J107
ABG	ASBURY AUTOMOTIVE GROUP INC	13,160	$2.267M	1.3%	$172.30	$229.47	-24.9%	COM	043436104
MKL	MARKEL GROUP INC	1,329	$2.276M	1.3%	$1712.45	$1280.55	+33.7%	COM	570535104
GOOG	ALPHABET INC	19,818	$6.753M	3.9%	$340.74	$129.13	+163.9%	CAP STK CL C	02079K107
AON	AON PLC	4,951	$1.37M	0.8%	$276.77	$239.65	+15.5%	SHS CL A	G0403H108
CCOI	COGENT COMM HOLDINGS INC	34,955	$272K	0.2%	$7.79	$37.95	-79.5%	COM NEW	19239V302
NVR	NVR INC	322	$1.982M	1.1%	$6154.39	$4285.71	+43.6%	COM	62944T105
FNV	FRANCO NEV CORP	5,470	$1.302M	0.7%	$238.11	$138.90	+71.4%	COM	351858105
ORLY	OREILLY AUTOMOTIVE INC	18,675	$1.595M	0.9%	$85.41	$87.18	-2.0%	COM	67103H107
DELL	DELL TECHNOLOGIES INC	1,045	$562K	0.3%	$537.95	$289.23	+86.0%	CL C	24703L202
L	LOEWS CORP	11,148	$1.164M	0.7%	$104.43	$44.17	+136.5%	COM	540424108
RYN	RAYONIER INC	32,880	$604K	0.3%	$18.36	$21.28	—	COM	754907103
APD	AIR PRODUCTS AND CHEMICALS I	5,105	$1.42M	0.8%	$278.23	$256.22	+8.6%	COM	009158106
MDT	MEDTRONIC PLC	10,687	$922K	0.5%	$86.29	$83.75	+3.0%	SHS	G5960L103
HUBB	HUBBELL INC	1,225	$556K	0.3%	$453.60	$473.22	-4.1%	COM	443510607
TXN	TEXAS INSTRS INC	4,047	$1.134M	0.6%	$280.09	$146.36	+91.4%	COM	882508104
RH	RH	1,808	$220K	0.1%	$121.75	$357.64	-66.0%	COM	74967X103
NEE	NEXTERA ENERGY INC	6,157	$466K	0.3%	$75.74	$90.46	-16.3%	COM	65339F101
DIS	DISNEY WALT CO	7,362	$772K	0.4%	$104.91	$133.58	-21.5%	COM	254687106
LHX	L3HARRIS TECHNOLOGIES INC	926	$219K	0.1%	$236.81	$227.05	+4.3%	COM	502431109
KNSL	KINSALE CAP GROUP INC	5,529	$1.784M	1.0%	$322.75	$377.87	-14.6%	COM	49714P108
LOOP	LOOP INDS INC	78,710	$32,507	0.0%	$0.41	$1.32	-68.7%	COM	543518104
EOG	EOG RES INC	5,189	$715K	0.4%	$137.76	$90.28	+52.6%	COM	26875P101
CDW	CDW CORP	3,395	$435K	0.2%	$128.16	$150.33	-14.7%	COM	12514G108
NOC	NORTHROP GRUMMAN CORP	1,169	$565K	0.3%	$483.48	$425.62	+13.6%	COM	666807102
SUNB	SUNBELT RENTALS HOLDINGS INC	24,297	$1.779M	1.0%	$73.21	$74.98	-2.4%	SHS	866966104
KMX	CARMAX INC	12,315	$679K	0.4%	$55.11	$70.40	-21.7%	COM	143130102
CB	CHUBB LIMITED	1,465	$476K	0.3%	$325.25	$287.12	+13.3%	COM	H1467J104
EPD	ENTERPRISE PRODS PARTNERS L	17,070	$608K	0.3%	$35.61	$21.39	—	COM	293792107
WMT	WALMART INC	1,942	$202K	0.1%	$103.92	$107.20	-3.1%	COM	931142103
FLNT	FLUENT INC	30,008	$94,075	0.1%	$3.13	$3.19	-1.7%	COM NEW	34380C201
ADI	ANALOG DEVICES INC	4,120	$1.634M	0.9%	$396.71	$131.69	+201.2%	COM	032654105
QSR	RESTAURANT BRANDS INTL INC	6,686	$475K	0.3%	$71.08	$70.18	+1.3%	COM	76131D103
ET	ENERGY TRANSFER L P	18,680	$369K	0.2%	$19.77	$10.41	—	COM UT LTD PTN	29273V100
UL	UNILEVER PLC	18,427	$1.119M	0.6%	$60.73	$65.10	-6.7%	SPON ADR NEW	904767803
BORR	BORR DRILLING LTD	30,935	$120K	0.1%	$3.89	$3.42	+13.7%	SHS	G1466R173
HDV	ISHARES TR	8,975	$251K	0.1%	$27.96	$26.34	+6.2%	CORE HIGH DV ETF	46429B663
IEX	IDEX CORP	2,253	$514K	0.3%	$227.98	$176.88	+28.9%	COM	45167R104
JPM	JPMORGAN CHASE & CO	680	$225K	0.1%	$330.83	$309.53	+6.9%	COM	46625H100
RMCF	ROCKY MTN CHOCOLATE FACTORY	23,567	$19,094	0.0%	$0.81	$3.34	-75.7%	COM	77467X101
RCT	REDCLOUD HLDGS PLC	13,010	$2,524	0.0%	$0.19	$1.68	-88.5%	SHS	G71115102
BAM	BROOKFIELD ASSET MANAGMT LTD	9,112	$406K	0.2%	$44.58	$29.36	+51.8%	CL A LMT VTG SHS	113004105