Salvus Wealth Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITOT	ISHARES TR	10,996	$1,635	0.9%	$148.69	—	CORE S&P TTL STK	464287150
UL	UNILEVER PLC	15,097	$987	0.6%	$65.40	—	SPON ADR NEW	904767803
UNH	UNITEDHEALTH GROUP INC	2,478	$818	0.5%	$337.21	0.0%	COM	91324P102
CMI	CUMMINS INC	1,111	$567	0.3%	$466.32	0.0%	COM	231021106
PG	PROCTER AND GAMBLE CO	3,287	$471	0.3%	$147.17	0.0%	COM	742718109
ISRG	INTUITIVE SURGICAL INC	724	$410	0.2%	$532.37	0.0%	COM NEW	46120E602
HUBB	HUBBELL INC	611	$271	0.2%	$437.22	0.0%	COM	443510607
MU	MICRON TECHNOLOGY INC	850	$243	0.1%	$229.35	0.0%	COM	595112103
JPM	JPMORGAN CHASE & CO.	680	$219	0.1%	$309.53	0.0%	COM	46625H100
WMT	WALMART INC	1,942	$216	0.1%	$107.20	0.0%	COM	931142103
LAKE	LAKELAND INDS INC	13,805	$122	0.1%	$14.04	0.0%	COM	511795106
CPSH	CPS TECHNOLOGIES CORP	27,520	$85	0.0%	$3.54	0.0%	COM	12619F104

Increased Positions (81)

FND FLOOR & DECOR HLDGS INC 1.9%

Value ($000) $3,324 (-16.3%) Shares 54,584 (+1.3%) Est. Cost $81.34 Unrealized -20.3%

LLY ELI LILLY & CO 1.1%

Value ($000) $2,044 (+46.0%) Shares 1,902 (+3.7%) Est. Cost $443.43 Unrealized +115.5%

AMAT APPLIED MATLS INC 1.2%

Value ($000) $2,233 (+27.9%) Shares 8,688 (+1.9%) Est. Cost $119.45 Unrealized +100.5%

VZ VERIZON COMMUNICATIONS INC 0.5%

Value ($000) $865 (+128.1%) Shares 21,234 (+146.1%) Est. Cost $40.76 Unrealized -0.7%

ORCL ORACLE CORP 0.6%

Value ($000) $1,074 (-27.4%) Shares 5,510 (+4.7%) Est. Cost $158.35 Unrealized +50.3%

MSFT MICROSOFT CORP 2.5%

Value ($000) $4,496 (-5.7%) Shares 9,297 (+1.0%) Est. Cost $252.55 Unrealized +98.2%

AMZN AMAZON COM INC 1.2%

Value ($000) $2,167 (+13.6%) Shares 9,388 (+8.0%) Est. Cost $130.57 Unrealized +75.2%

NVR NVR INC 1.4%

Value ($000) $2,443 (-7.9%) Shares 335 (+1.5%) Est. Cost $4285.71 Unrealized +74.4%

JNJ JOHNSON & JOHNSON 0.9%

Value ($000) $1,657 (+13.6%) Shares 8,006 (+1.8%) Est. Cost $140.89 Unrealized +39.8%

GOOGL ALPHABET INC 0.3%

Value ($000) $490 (+48.1%) Shares 1,566 (+15.1%) Est. Cost $182.81 Unrealized +56.2%

NOW SERVICENOW INC 0.4%

Value ($000) $627 (-19.5%) Shares 4,090 (+383.5%) Est. Cost $163.07 Unrealized +5.2%

NVDA NVIDIA CORPORATION 2.5%

Value ($000) $4,514 (+3.5%) Shares 24,205 (+3.5%) Est. Cost $112.62 Unrealized +65.3%

FAST FASTENAL CO 0.4%

Value ($000) $713 (-17.1%) Shares 17,763 (+1.2%) Est. Cost $30.77 Unrealized +36.6%

GLW CORNING INC 0.9%

Value ($000) $1,649 (+9.6%) Shares 18,834 (+2.7%) Est. Cost $49.11 Unrealized +75.1%

GBIL GOLDMAN SACHS ETF TR 0.8%

Value ($000) $1,466 (+10.1%) Shares 14,666 (+10.4%) Est. Cost $100.13 Unrealized —

AVGO BROADCOM INC 0.6%

Value ($000) $1,130 (+13.5%) Shares 3,264 (+8.2%) Est. Cost $309.60 Unrealized +15.3%

ABG ASBURY AUTOMOTIVE GROUP INC 1.8%

Value ($000) $3,193 (-3.9%) Shares 13,733 (+1.0%) Est. Cost $229.47 Unrealized +3.0%

HON HONEYWELL INTL INC 0.3%

Value ($000) $538 (+30.2%) Shares 2,760 (+40.5%) Est. Cost $197.44 Unrealized -1.2%

BLK BLACKROCK INC 1.0%

Value ($000) $1,783 (-6.2%) Shares 1,666 (+2.1%) Est. Cost $964.53 Unrealized +12.9%

MO ALTRIA GROUP INC 0.5%

Value ($000) $951 (-10.9%) Shares 16,491 (+2.0%) Est. Cost $32.95 Unrealized +80.2%

MRK MERCK & CO INC 0.2%

Value ($000) $444 (+31.8%) Shares 4,221 (+5.1%) Est. Cost $72.25 Unrealized +29.1%

PAYX PAYCHEX INC 0.5%

Value ($000) $872 (-10.2%) Shares 7,773 (+1.4%) Est. Cost $89.70 Unrealized +29.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.7%

Value ($000) $8,449 (+1.0%) Shares 16,809 (+1.0%) Est. Cost $223.41 Unrealized +122.7%

APD AIR PRODS & CHEMS INC 0.7%

Value ($000) $1,188 (-6.5%) Shares 4,809 (+3.2%) Est. Cost $252.58 Unrealized -0.4%

L LOEWS CORP 0.7%

Value ($000) $1,262 (+7.0%) Shares 11,983 (+2.0%) Est. Cost $44.17 Unrealized +133.7%

V VISA INC 0.6%

Value ($000) $1,018 (+8.5%) Shares 2,904 (+5.6%) Est. Cost $238.10 Unrealized +43.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.2%

Value ($000) $353 (+25.8%) Shares 1,163 (+15.6%) Est. Cost $236.94 Unrealized —

ZTS ZOETIS INC 0.3%

Value ($000) $559 (-10.5%) Shares 4,439 (+4.0%) Est. Cost $166.35 Unrealized -21.7%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.3%

Value ($000) $490 (+15.1%) Shares 5,976 (+5.4%) Est. Cost $84.51 Unrealized -7.8%

CB CHUBB LIMITED 0.3%

Value ($000) $513 (+13.7%) Shares 1,645 (+2.8%) Est. Cost $287.12 Unrealized +1.8%

FNV FRANCO NEV CORP 0.7%

Value ($000) $1,174 (-4.8%) Shares 5,665 (+2.3%) Est. Cost $136.06 Unrealized +49.0%

INTC INTEL CORP 0.3%

Value ($000) $551 (+11.2%) Shares 14,922 (+1.1%) Est. Cost $22.54 Unrealized +67.5%

TEL TE CONNECTIVITY PLC 0.6%

Value ($000) $1,020 (+5.6%) Shares 4,483 (+1.9%) Est. Cost $148.37 Unrealized +55.9%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $423 (+14.3%) Shares 1,576 (+5.1%) Est. Cost $286.57 Unrealized -11.3%

CINF CINCINNATI FINL CORP 0.6%

Value ($000) $1,132 (+4.9%) Shares 6,929 (+1.6%) Est. Cost $91.50 Unrealized +76.2%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $317 (+19.9%) Shares 465 (+17.1%) Est. Cost $627.38 Unrealized —

MA MASTERCARD INCORPORATED 0.5%

Value ($000) $919 (+6.0%) Shares 1,609 (+5.6%) Est. Cost $375.60 Unrealized +48.8%

BORR BORR DRILLING LTD 0.1%

Value ($000) $125 (+70.3%) Shares 30,935 (+13.6%) Est. Cost $3.42 Unrealized -3.1%

ABNB AIRBNB INC 0.2%

Value ($000) $344 (+17.2%) Shares 2,536 (+4.8%) Est. Cost $146.78 Unrealized -15.2%

IDXX IDEXX LABS INC 0.3%

Value ($000) $471 (+11.8%) Shares 696 (+5.6%) Est. Cost $497.49 Unrealized +36.9%

META META PLATFORMS INC 0.4%

Value ($000) $680 (-6.8%) Shares 1,030 (+3.7%) Est. Cost $246.90 Unrealized +170.3%

PAYC PAYCOM SOFTWARE INC 0.1%

Value ($000) $227 (-17.5%) Shares 1,422 (+7.7%) Est. Cost $201.93 Unrealized -12.4%

MC MOELIS & CO 1.1%

Value ($000) $1,917 (-2.4%) Shares 27,890 (+1.2%) Est. Cost $31.40 Unrealized +109.5%

CSGP COSTAR GROUP INC 0.1%

Value ($000) $233 (-16.7%) Shares 3,467 (+4.5%) Est. Cost $78.54 Unrealized -9.8%

AON AON PLC 1.3%

Value ($000) $2,390 (+1.8%) Shares 6,774 (+2.9%) Est. Cost $239.65 Unrealized +45.7%

IEX IDEX CORP 0.2%

Value ($000) $284 (+17.4%) Shares 1,595 (+7.4%) Est. Cost $168.28 Unrealized +1.5%

NOC NORTHROP GRUMMAN CORP 0.4%

Value ($000) $766 (-5.0%) Shares 1,343 (+1.5%) Est. Cost $425.62 Unrealized +36.0%

UGI UGI CORP NEW 0.1%

Value ($000) $240 (+19.0%) Shares 6,410 (+5.8%) Est. Cost $31.88 Unrealized +11.1%

T AT&T INC 0.2%

Value ($000) $346 (-9.9%) Shares 13,915 (+2.4%) Est. Cost $20.70 Unrealized +22.2%

TXN TEXAS INSTRS INC 0.5%

Value ($000) $933 (-3.8%) Shares 5,375 (+1.9%) Est. Cost $146.36 Unrealized +16.6%

NSC NORFOLK SOUTHN CORP 1.0%

Value ($000) $1,786 (-2.0%) Shares 6,187 (+2.0%) Est. Cost $221.15 Unrealized +30.5%

HAS HASBRO INC 0.2%

Value ($000) $348 (+10.9%) Shares 4,241 (+2.6%) Est. Cost $64.81 Unrealized +20.4%

SBUX STARBUCKS CORP 0.6%

Value ($000) $1,040 (+3.3%) Shares 12,349 (+3.8%) Est. Cost $89.98 Unrealized -6.6%

UBER UBER TECHNOLOGIES INC 0.1%

Value ($000) $216 (-12.5%) Shares 2,644 (+4.9%) Est. Cost $93.36 Unrealized -3.5%

OKE ONEOK INC NEW 0.4%

Value ($000) $707 (+4.5%) Shares 9,625 (+3.8%) Est. Cost $74.89 Unrealized -5.9%

KO COCA COLA CO 0.2%

Value ($000) $416 (+7.7%) Shares 5,955 (+2.1%) Est. Cost $52.90 Unrealized +31.2%

SHEN SHENANDOAH TELECOMMUNICATION 0.1%

Value ($000) $220 (-11.8%) Shares 19,067 (+2.4%) Est. Cost $22.27 Unrealized -46.9%

BN BROOKFIELD CORP 1.6%

Value ($000) $2,773 (+1.0%) Shares 60,424 (+50.9%) Est. Cost $29.99 Unrealized +51.9%

MSCI MSCI INC 0.3%

Value ($000) $519 (+5.4%) Shares 904 (+4.3%) Est. Cost $513.01 Unrealized +9.2%

INTU INTUIT 0.2%

Value ($000) $284 (+10.1%) Shares 429 (+13.5%) Est. Cost $712.46 Unrealized -7.3%

LOW LOWES COS INC 0.5%

Value ($000) $936 (-2.6%) Shares 3,882 (+1.5%) Est. Cost $158.51 Unrealized +51.3%

D DOMINION ENERGY INC 0.6%

Value ($000) $998 (-2.4%) Shares 17,029 (+1.9%) Est. Cost $58.17 Unrealized +2.7%

ADBE ADOBE INC 0.2%

Value ($000) $405 (+5.8%) Shares 1,157 (+6.6%) Est. Cost $475.62 Unrealized -28.5%

CVX CHEVRON CORP NEW 0.7%

Value ($000) $1,297 (+1.7%) Shares 8,509 (+3.6%) Est. Cost $98.96 Unrealized +53.0%

SYY SYSCO CORP 0.2%

Value ($000) $341 (-5.7%) Shares 4,625 (+5.4%) Est. Cost $71.40 Unrealized +5.7%

CCI CROWN CASTLE INC 0.2%

Value ($000) $437 (-4.4%) Shares 4,917 (+3.8%) Est. Cost $114.47 Unrealized -20.4%

EMR EMERSON ELEC CO 0.2%

Value ($000) $437 (+4.2%) Shares 3,289 (+2.9%) Est. Cost $114.08 Unrealized +16.0%

MDT MEDTRONIC PLC 0.4%

Value ($000) $787 (+2.2%) Shares 8,197 (+1.4%) Est. Cost $84.94 Unrealized +14.4%

MTB M & T BK CORP 0.2%

Value ($000) $413 (+4.2%) Shares 2,051 (+2.2%) Est. Cost $170.21 Unrealized +11.7%

BSX BOSTON SCIENTIFIC CORP 0.2%

Value ($000) $314 (+5.3%) Shares 3,291 (+7.8%) Est. Cost $103.16 Unrealized -5.0%

CME CME GROUP INC 0.1%

Value ($000) $255 (+6.2%) Shares 933 (+5.1%) Est. Cost $244.08 Unrealized +10.9%

BIL SPDR SERIES TRUST 0.1%

Value ($000) $247 (+5.7%) Shares 2,700 (+6.2%) Est. Cost $91.65 Unrealized —

DUK DUKE ENERGY CORP NEW 0.2%

Value ($000) $339 (-3.1%) Shares 2,892 (+2.3%) Est. Cost $109.24 Unrealized +11.3%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.3%

Value ($000) $502 (+2.0%) Shares 5,741 (+3.6%) Est. Cost $86.51 Unrealized -1.4%

IWF ISHARES TR 0.1%

Value ($000) $227 (+4.5%) Shares 479 (+3.5%) Est. Cost $468.57 Unrealized —

APAM ARTISAN PARTNERS ASSET MGMT 0.2%

Value ($000) $288 (-3.3%) Shares 7,077 (+3.1%) Est. Cost $39.16 Unrealized +4.0%

PM PHILIP MORRIS INTL INC 0.7%

Value ($000) $1,201 (+0.7%) Shares 7,487 (+1.8%) Est. Cost $77.25 Unrealized +98.8%

SNPS SYNOPSYS INC 0.2%

Value ($000) $328 (+1.8%) Shares 699 (+6.9%) Est. Cost $557.50 Unrealized -20.3%

EOG EOG RES INC 0.3%

Value ($000) $452 (-1.2%) Shares 4,306 (+5.5%) Est. Cost $81.78 Unrealized +31.1%

HSY HERSHEY CO 0.3%

Value ($000) $554 (+1.0%) Shares 3,047 (+3.8%) Est. Cost $167.52 Unrealized +8.7%

GD GENERAL DYNAMICS CORP 0.3%

Value ($000) $500 (+0.3%) Shares 1,486 (+1.6%) Est. Cost $247.66 Unrealized +37.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FND	FLOOR & DECOR HLDGS INC	54,584 (+1.3%)	$3,324 (-16.3%)	1.9%	$81.34	-20.3%	CL A	339750101
LLY	ELI LILLY & CO	1,902 (+3.7%)	$2,044 (+46.0%)	1.1%	$443.43	+115.5%	COM	532457108
AMAT	APPLIED MATLS INC	8,688 (+1.9%)	$2,233 (+27.9%)	1.2%	$119.45	+100.5%	COM	038222105
VZ	VERIZON COMMUNICATIONS INC	21,234 (+146.1%)	$865 (+128.1%)	0.5%	$40.76	-0.7%	COM	92343V104
ORCL	ORACLE CORP	5,510 (+4.7%)	$1,074 (-27.4%)	0.6%	$158.35	+50.3%	COM	68389X105
MSFT	MICROSOFT CORP	9,297 (+1.0%)	$4,496 (-5.7%)	2.5%	$252.55	+98.2%	COM	594918104
AMZN	AMAZON COM INC	9,388 (+8.0%)	$2,167 (+13.6%)	1.2%	$130.57	+75.2%	COM	023135106
NVR	NVR INC	335 (+1.5%)	$2,443 (-7.9%)	1.4%	$4285.71	+74.4%	COM	62944T105
JNJ	JOHNSON & JOHNSON	8,006 (+1.8%)	$1,657 (+13.6%)	0.9%	$140.89	+39.8%	COM	478160104
GOOGL	ALPHABET INC	1,566 (+15.1%)	$490 (+48.1%)	0.3%	$182.81	+56.2%	CAP STK CL A	02079K305
NOW	SERVICENOW INC	4,090 (+383.5%)	$627 (-19.5%)	0.4%	$163.07	+5.2%	COM	81762P102
NVDA	NVIDIA CORPORATION	24,205 (+3.5%)	$4,514 (+3.5%)	2.5%	$112.62	+65.3%	COM	67066G104
FAST	FASTENAL CO	17,763 (+1.2%)	$713 (-17.1%)	0.4%	$30.77	+36.6%	COM	311900104
GLW	CORNING INC	18,834 (+2.7%)	$1,649 (+9.6%)	0.9%	$49.11	+75.1%	COM	219350105
GBIL	GOLDMAN SACHS ETF TR	14,666 (+10.4%)	$1,466 (+10.1%)	0.8%	$100.13	—	ACCES TREASURY	381430529
AVGO	BROADCOM INC	3,264 (+8.2%)	$1,130 (+13.5%)	0.6%	$309.60	+15.3%	COM	11135F101
ABG	ASBURY AUTOMOTIVE GROUP INC	13,733 (+1.0%)	$3,193 (-3.9%)	1.8%	$229.47	+3.0%	COM	043436104
HON	HONEYWELL INTL INC	2,760 (+40.5%)	$538 (+30.2%)	0.3%	$197.44	-1.2%	COM	438516106
BLK	BLACKROCK INC	1,666 (+2.1%)	$1,783 (-6.2%)	1.0%	$964.53	+12.9%	COM	09290D101
MO	ALTRIA GROUP INC	16,491 (+2.0%)	$951 (-10.9%)	0.5%	$32.95	+80.2%	COM	02209S103
MRK	MERCK & CO INC	4,221 (+5.1%)	$444 (+31.8%)	0.2%	$72.25	+29.1%	COM	58933Y105
PAYX	PAYCHEX INC	7,773 (+1.4%)	$872 (-10.2%)	0.5%	$89.70	+29.9%	COM	704326107
BRK/B	BERKSHIRE HATHAWAY INC DEL	16,809 (+1.0%)	$8,449 (+1.0%)	4.7%	$223.41	+122.7%	CL B NEW	084670702
APD	AIR PRODS & CHEMS INC	4,809 (+3.2%)	$1,188 (-6.5%)	0.7%	$252.58	-0.4%	COM	009158106
L	LOEWS CORP	11,983 (+2.0%)	$1,262 (+7.0%)	0.7%	$44.17	+133.7%	COM	540424108
V	VISA INC	2,904 (+5.6%)	$1,018 (+8.5%)	0.6%	$238.10	+43.0%	COM CL A	92826C839
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,163 (+15.6%)	$353 (+25.8%)	0.2%	$236.94	—	SPONSORED ADS	874039100
ZTS	ZOETIS INC	4,439 (+4.0%)	$559 (-10.5%)	0.3%	$166.35	-21.7%	CL A	98978V103
GEHC	GE HEALTHCARE TECHNOLOGIES I	5,976 (+5.4%)	$490 (+15.1%)	0.3%	$84.51	-7.8%	COMMON STOCK	36266G107
CB	CHUBB LIMITED	1,645 (+2.8%)	$513 (+13.7%)	0.3%	$287.12	+1.8%	COM	H1467J104
FNV	FRANCO NEV CORP	5,665 (+2.3%)	$1,174 (-4.8%)	0.7%	$136.06	+49.0%	COM	351858105
INTC	INTEL CORP	14,922 (+1.1%)	$551 (+11.2%)	0.3%	$22.54	+67.5%	COM	458140100
TEL	TE CONNECTIVITY PLC	4,483 (+1.9%)	$1,020 (+5.6%)	0.6%	$148.37	+55.9%	ORD SHS	G87052109
ACN	ACCENTURE PLC IRELAND	1,576 (+5.1%)	$423 (+14.3%)	0.2%	$286.57	-11.3%	SHS CLASS A	G1151C101
CINF	CINCINNATI FINL CORP	6,929 (+1.6%)	$1,132 (+4.9%)	0.6%	$91.50	+76.2%	COM	172062101
SPY	SPDR S&P 500 ETF TR	465 (+17.1%)	$317 (+19.9%)	0.2%	$627.38	—	TR UNIT	78462F103
MA	MASTERCARD INCORPORATED	1,609 (+5.6%)	$919 (+6.0%)	0.5%	$375.60	+48.8%	CL A	57636Q104
BORR	BORR DRILLING LTD	30,935 (+13.6%)	$125 (+70.3%)	0.1%	$3.42	-3.1%	SHS	G1466R173
ABNB	AIRBNB INC	2,536 (+4.8%)	$344 (+17.2%)	0.2%	$146.78	-15.2%	COM CL A	009066101
IDXX	IDEXX LABS INC	696 (+5.6%)	$471 (+11.8%)	0.3%	$497.49	+36.9%	COM	45168D104
META	META PLATFORMS INC	1,030 (+3.7%)	$680 (-6.8%)	0.4%	$246.90	+170.3%	CL A	30303M102
PAYC	PAYCOM SOFTWARE INC	1,422 (+7.7%)	$227 (-17.5%)	0.1%	$201.93	-12.4%	COM	70432V102
MC	MOELIS & CO	27,890 (+1.2%)	$1,917 (-2.4%)	1.1%	$31.40	+109.5%	CL A	60786M105
CSGP	COSTAR GROUP INC	3,467 (+4.5%)	$233 (-16.7%)	0.1%	$78.54	-9.8%	COM	22160N109
AON	AON PLC	6,774 (+2.9%)	$2,390 (+1.8%)	1.3%	$239.65	+45.7%	SHS CL A	G0403H108
IEX	IDEX CORP	1,595 (+7.4%)	$284 (+17.4%)	0.2%	$168.28	+1.5%	COM	45167R104
NOC	NORTHROP GRUMMAN CORP	1,343 (+1.5%)	$766 (-5.0%)	0.4%	$425.62	+36.0%	COM	666807102
UGI	UGI CORP NEW	6,410 (+5.8%)	$240 (+19.0%)	0.1%	$31.88	+11.1%	COM	902681105
T	AT&T INC	13,915 (+2.4%)	$346 (-9.9%)	0.2%	$20.70	+22.2%	COM	00206R102
TXN	TEXAS INSTRS INC	5,375 (+1.9%)	$933 (-3.8%)	0.5%	$146.36	+16.6%	COM	882508104
NSC	NORFOLK SOUTHN CORP	6,187 (+2.0%)	$1,786 (-2.0%)	1.0%	$221.15	+30.5%	COM	655844108
HAS	HASBRO INC	4,241 (+2.6%)	$348 (+10.9%)	0.2%	$64.81	+20.4%	COM	418056107
SBUX	STARBUCKS CORP	12,349 (+3.8%)	$1,040 (+3.3%)	0.6%	$89.98	-6.6%	COM	855244109
UBER	UBER TECHNOLOGIES INC	2,644 (+4.9%)	$216 (-12.5%)	0.1%	$93.36	-3.5%	COM	90353T100
OKE	ONEOK INC NEW	9,625 (+3.8%)	$707 (+4.5%)	0.4%	$74.89	-5.9%	COM	682680103
KO	COCA COLA CO	5,955 (+2.1%)	$416 (+7.7%)	0.2%	$52.90	+31.2%	COM	191216100
SHEN	SHENANDOAH TELECOMMUNICATION	19,067 (+2.4%)	$220 (-11.8%)	0.1%	$22.27	-46.9%	COM	82312B106
BN	BROOKFIELD CORP	60,424 (+50.9%)	$2,773 (+1.0%)	1.6%	$29.99	+51.9%	CL A LTD VT SH	11271J107
MSCI	MSCI INC	904 (+4.3%)	$519 (+5.4%)	0.3%	$513.01	+9.2%	COM	55354G100
INTU	INTUIT	429 (+13.5%)	$284 (+10.1%)	0.2%	$712.46	-7.3%	COM	461202103
LOW	LOWES COS INC	3,882 (+1.5%)	$936 (-2.6%)	0.5%	$158.51	+51.3%	COM	548661107
D	DOMINION ENERGY INC	17,029 (+1.9%)	$998 (-2.4%)	0.6%	$58.17	+2.7%	COM	25746U109
ADBE	ADOBE INC	1,157 (+6.6%)	$405 (+5.8%)	0.2%	$475.62	-28.5%	COM	00724F101
CVX	CHEVRON CORP NEW	8,509 (+3.6%)	$1,297 (+1.7%)	0.7%	$98.96	+53.0%	COM	166764100
SYY	SYSCO CORP	4,625 (+5.4%)	$341 (-5.7%)	0.2%	$71.40	+5.7%	COM	871829107
CCI	CROWN CASTLE INC	4,917 (+3.8%)	$437 (-4.4%)	0.2%	$114.47	-20.4%	COM	22822V101
EMR	EMERSON ELEC CO	3,289 (+2.9%)	$437 (+4.2%)	0.2%	$114.08	+16.0%	COM	291011104
MDT	MEDTRONIC PLC	8,197 (+1.4%)	$787 (+2.2%)	0.4%	$84.94	+14.4%	SHS	G5960L103
MTB	M & T BK CORP	2,051 (+2.2%)	$413 (+4.2%)	0.2%	$170.21	+11.7%	COM	55261F104
BSX	BOSTON SCIENTIFIC CORP	3,291 (+7.8%)	$314 (+5.3%)	0.2%	$103.16	-5.0%	COM	101137107
CME	CME GROUP INC	933 (+5.1%)	$255 (+6.2%)	0.1%	$244.08	+10.9%	COM	12572Q105
BIL	SPDR SERIES TRUST	2,700 (+6.2%)	$247 (+5.7%)	0.1%	$91.65	—	STATE STREET SPD	78468R663
DUK	DUKE ENERGY CORP NEW	2,892 (+2.3%)	$339 (-3.1%)	0.2%	$109.24	+11.3%	COM NEW	26441C204
SSNC	SS&C TECHNOLOGIES HLDGS INC	5,741 (+3.6%)	$502 (+2.0%)	0.3%	$86.51	-1.4%	COM	78467J100
IWF	ISHARES TR	479 (+3.5%)	$227 (+4.5%)	0.1%	$468.57	—	RUS 1000 GRW ETF	464287614
APAM	ARTISAN PARTNERS ASSET MGMT	7,077 (+3.1%)	$288 (-3.3%)	0.2%	$39.16	+4.0%	CL A	04316A108
PM	PHILIP MORRIS INTL INC	7,487 (+1.8%)	$1,201 (+0.7%)	0.7%	$77.25	+98.8%	COM	718172109
SNPS	SYNOPSYS INC	699 (+6.9%)	$328 (+1.8%)	0.2%	$557.50	-20.3%	COM	871607107
EOG	EOG RES INC	4,306 (+5.5%)	$452 (-1.2%)	0.3%	$81.78	+31.1%	COM	26875P101
HSY	HERSHEY CO	3,047 (+3.8%)	$554 (+1.0%)	0.3%	$167.52	+8.7%	COM	427866108
GD	GENERAL DYNAMICS CORP	1,486 (+1.6%)	$500 (+0.3%)	0.3%	$247.66	+37.6%	COM	369550108

Exited Positions (9)

FISV FISERV INC 2.3%

Value ($000) $4,051 Shares 31,424 Est. Cost $168.11 Unrealized -50.1%

WSC WILLSCOT HLDGS CORP 0.6%

Value ($000) $1,039 Shares 49,200 Est. Cost $39.23 Unrealized -48.6%

— UNILEVER PLC 0.5%

Value ($000) $971 Shares 16,380 Est. Cost $54.50 Unrealized —

FIS FIDELITY NATL INFORMATION SV 0.4%

Value ($000) $663 Shares 10,057 Est. Cost $81.02 Unrealized -19.0%

NFLX NETFLIX INC 0.2%

Value ($000) $435 Shares 363 Est. Cost $28.60 Unrealized +277.0%

CMCSA COMCAST CORP NEW 0.2%

Value ($000) $433 Shares 13,780 Est. Cost $40.75 Unrealized -30.0%

DEO DIAGEO PLC 0.2%

Value ($000) $354 Shares 3,711 Est. Cost $150.84 Unrealized —

KMB KIMBERLY-CLARK CORP 0.2%

Value ($000) $270 Shares 2,175 Est. Cost $129.21 Unrealized -16.1%

WDAY WORKDAY INC 0.1%

Value ($000) $260 Shares 1,081 Est. Cost $238.71 Unrealized -4.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	31,424	$4,051	2.3%	$168.11	-50.1%	—	337738108
WSC	WILLSCOT HLDGS CORP	49,200	$1,039	0.6%	$39.23	-48.6%	—	971378104
—	UNILEVER PLC	16,380	$971	0.5%	$54.50	—	—	904767704
FIS	FIDELITY NATL INFORMATION SV	10,057	$663	0.4%	$81.02	-19.0%	—	31620M106
NFLX	NETFLIX INC	363	$435	0.2%	$28.60	+277.0%	—	64110L106
CMCSA	COMCAST CORP NEW	13,780	$433	0.2%	$40.75	-30.0%	—	20030N101
DEO	DIAGEO PLC	3,711	$354	0.2%	$150.84	—	—	25243Q205
KMB	KIMBERLY-CLARK CORP	2,175	$270	0.2%	$129.21	-16.1%	—	494368103
WDAY	WORKDAY INC	1,081	$260	0.1%	$238.71	-4.8%	—	98138H101

Decreased Positions (15)

ASTS AST SPACEMOBILE INC 3.5%

Value ($000) $6,247 (+22.7%) Shares 86,006 (-17.1%) Est. Cost $5.68 Unrealized +1156.1%

GOOG ALPHABET INC 3.4%

Value ($000) $6,012 (+15.1%) Shares 19,160 (-10.7%) Est. Cost $109.58 Unrealized +161.3%

CCOI COGENT COMMUNICATIONS HLDGS 0.2%

Value ($000) $396 (-61.6%) Shares 18,368 (-31.6%) Est. Cost $54.90 Unrealized -46.3%

AMT AMERICAN TOWER CORP NEW 0.6%

Value ($000) $1,084 (-25.5%) Shares 6,174 (-18.4%) Est. Cost $204.53 Unrealized -11.8%

DIS DISNEY WALT CO 0.4%

Value ($000) $694 (-34.5%) Shares 6,101 (-34.1%) Est. Cost $142.27 Unrealized -23.0%

KMX CARMAX INC 0.1%

Value ($000) $252 (-57.6%) Shares 6,510 (-50.8%) Est. Cost $98.50 Unrealized -59.4%

APP APPLOVIN CORP 0.2%

Value ($000) $277 (-51.6%) Shares 411 (-48.4%) Est. Cost $461.14 Unrealized +36.6%

CDW CDW CORP 0.2%

Value ($000) $316 (-47.0%) Shares 2,318 (-38.1%) Est. Cost $164.70 Unrealized -10.7%

ENB ENBRIDGE INC 0.3%

Value ($000) $607 (-29.9%) Shares 12,688 (-26.0%) Est. Cost $24.67 Unrealized +91.0%

ABT ABBOTT LABS 0.2%

Value ($000) $410 (-29.7%) Shares 3,269 (-24.8%) Est. Cost $109.55 Unrealized +16.2%

RH RH 0.1%

Value ($000) $241 (-39.9%) Shares 1,347 (-31.9%) Est. Cost $437.48 Unrealized -60.9%

CTVA CORTEVA INC 0.3%

Value ($000) $477 (-16.9%) Shares 7,120 (-16.2%) Est. Cost $37.72 Unrealized +71.1%

AAPL APPLE INC 3.2%

Value ($000) $5,641 (+1.7%) Shares 20,749 (-4.7%) Est. Cost $138.81 Unrealized +93.3%

CSCO CISCO SYS INC 0.7%

Value ($000) $1,229 (+3.6%) Shares 15,953 (-7.9%) Est. Cost $37.60 Unrealized +96.3%

SHOP SHOPIFY INC 0.5%

Value ($000) $879 (-1.1%) Shares 5,463 (-8.7%) Est. Cost $69.01 Unrealized +132.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASTS	AST SPACEMOBILE INC	86,006 (-17.1%)	$6,247 (+22.7%)	3.5%	$5.68	+1156.1%	COM CL A	00217D100
GOOG	ALPHABET INC	19,160 (-10.7%)	$6,012 (+15.1%)	3.4%	$109.58	+161.3%	CAP STK CL C	02079K107
CCOI	COGENT COMMUNICATIONS HLDGS	18,368 (-31.6%)	$396 (-61.6%)	0.2%	$54.90	-46.3%	COM NEW	19239V302
AMT	AMERICAN TOWER CORP NEW	6,174 (-18.4%)	$1,084 (-25.5%)	0.6%	$204.53	-11.8%	COM	03027X100
DIS	DISNEY WALT CO	6,101 (-34.1%)	$694 (-34.5%)	0.4%	$142.27	-23.0%	COM	254687106
KMX	CARMAX INC	6,510 (-50.8%)	$252 (-57.6%)	0.1%	$98.50	-59.4%	COM	143130102
APP	APPLOVIN CORP	411 (-48.4%)	$277 (-51.6%)	0.2%	$461.14	+36.6%	COM CL A	03831W108
CDW	CDW CORP	2,318 (-38.1%)	$316 (-47.0%)	0.2%	$164.70	-10.7%	COM	12514G108
ENB	ENBRIDGE INC	12,688 (-26.0%)	$607 (-29.9%)	0.3%	$24.67	+91.0%	COM	29250N105
ABT	ABBOTT LABS	3,269 (-24.8%)	$410 (-29.7%)	0.2%	$109.55	+16.2%	COM	002824100
RH	RH	1,347 (-31.9%)	$241 (-39.9%)	0.1%	$437.48	-60.9%	COM	74967X103
CTVA	CORTEVA INC	7,120 (-16.2%)	$477 (-16.9%)	0.3%	$37.72	+71.1%	COM	22052L104
AAPL	APPLE INC	20,749 (-4.7%)	$5,641 (+1.7%)	3.2%	$138.81	+93.3%	COM	037833100
CSCO	CISCO SYS INC	15,953 (-7.9%)	$1,229 (+3.6%)	0.7%	$37.60	+96.3%	COM	17275R102
SHOP	SHOPIFY INC	5,463 (-8.7%)	$879 (-1.1%)	0.5%	$69.01	+132.7%	CL A SUB VTG SHS	82509L107

Unchanged Positions (28)

ADI ANALOG DEVICES INC 3.0%

Value ($000) $5,301 Shares 19,548 Est. Cost $131.69 Unrealized +90.3%

EL LAUDER ESTEE COS INC 1.8%

Value ($000) $3,265 Shares 31,178 Est. Cost $223.63 Unrealized -56.7%

AXP AMERICAN EXPRESS CO 2.5%

Value ($000) $4,470 Shares 12,083 Est. Cost $123.57 Unrealized +188.9%

PGR PROGRESSIVE CORP 3.1%

Value ($000) $5,555 Shares 24,395 Est. Cost $92.59 Unrealized +129.3%

SCHW SCHWAB CHARLES CORP 4.1%

Value ($000) $7,298 Shares 73,041 Est. Cost $52.30 Unrealized +81.1%

ORLY OREILLY AUTOMOTIVE INC 1.0%

Value ($000) $1,854 Shares 20,326 Est. Cost $87.18 Unrealized +12.1%

SGI SOMNIGROUP INTERNATIONAL INC 3.0%

Value ($000) $5,309 Shares 59,465 Est. Cost $27.23 Unrealized +220.8%

ANET ARISTA NETWORKS INC 1.5%

Value ($000) $2,614 Shares 19,951 Est. Cost $101.39 Unrealized +35.8%

MKL MARKEL GROUP INC 1.3%

Value ($000) $2,332 Shares 1,085 Est. Cost $1035.40 Unrealized +95.7%

IBP INSTALLED BLDG PRODS INC 2.5%

Value ($000) $4,546 Shares 17,526 Est. Cost $173.32 Unrealized +49.0%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.5%

Value ($000) $919 Shares 3,336 Est. Cost $78.78 Unrealized +228.6%

AWI ARMSTRONG WORLD INDS INC NEW 1.2%

Value ($000) $2,201 Shares 11,518 Est. Cost $70.77 Unrealized +169.5%

NU NU HLDGS LTD 0.7%

Value ($000) $1,163 Shares 69,500 Est. Cost $6.15 Unrealized +161.3%

BAM BROOKFIELD ASSET MANAGMT LTD 0.3%

Value ($000) $520 Shares 9,935 Est. Cost $29.36 Unrealized +82.1%

TRV TRAVELERS COMPANIES INC 0.4%

Value ($000) $679 Shares 2,341 Est. Cost $159.78 Unrealized +75.6%

THO THOR INDS INC 3.1%

Value ($000) $5,501 Shares 53,581 Est. Cost $93.05 Unrealized +11.0%

AEM AGNICO EAGLE MINES LTD 0.6%

Value ($000) $1,068 Shares 6,301 Est. Cost $53.60 Unrealized +213.1%

EPD ENTERPRISE PRODS PARTNERS L 0.3%

Value ($000) $547 Shares 17,063 Est. Cost $21.39 Unrealized —

ET ENERGY TRANSFER L P 0.2%

Value ($000) $308 Shares 18,657 Est. Cost $10.41 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 0.2%

Value ($000) $272 Shares 926 Est. Cost $227.05 Unrealized +27.0%

QQQ INVESCO QQQ TR 0.2%

Value ($000) $304 Shares 495 Est. Cost $491.75 Unrealized —

LOOP LOOP INDS INC 0.0%

Value ($000) $19 Shares 19,280 Est. Cost $1.53 Unrealized -13.6%

RMCF ROCKY MTN CHOCOLATE FACTORY 0.0%

Value ($000) $45 Shares 23,567 Est. Cost $3.34 Unrealized -50.2%

RCT REDCLOUD HLDGS PLC 0.0%

Value ($000) $19 Shares 13,010 Est. Cost $1.68 Unrealized +0.8%

VIR VIR BIOTECHNOLOGY INC 0.0%

Value ($000) $70 Shares 11,691 Est. Cost $14.26 Unrealized -58.3%

BKNG BOOKING HOLDINGS INC 2.8%

Value ($000) $5,034 Shares 940 Est. Cost $1911.37 Unrealized +168.8%

FLNT FLUENT INC 0.0%

Value ($000) $46 Shares 19,003 Est. Cost $3.35 Unrealized -37.1%

HDV ISHARES TR 0.1%

Value ($000) $218 Shares 1,795 Est. Cost $117.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADI	ANALOG DEVICES INC	19,548	$5,301	3.0%	$131.69	+90.3%	COM	032654105
EL	LAUDER ESTEE COS INC	31,178	$3,265	1.8%	$223.63	-56.7%	CL A	518439104
AXP	AMERICAN EXPRESS CO	12,083	$4,470	2.5%	$123.57	+188.9%	COM	025816109
PGR	PROGRESSIVE CORP	24,395	$5,555	3.1%	$92.59	+129.3%	COM	743315103
SCHW	SCHWAB CHARLES CORP	73,041	$7,298	4.1%	$52.30	+81.1%	COM	808513105
ORLY	OREILLY AUTOMOTIVE INC	20,326	$1,854	1.0%	$87.18	+12.1%	COM	67103H107
SGI	SOMNIGROUP INTERNATIONAL INC	59,465	$5,309	3.0%	$27.23	+220.8%	COM	88023U101
ANET	ARISTA NETWORKS INC	19,951	$2,614	1.5%	$101.39	+35.8%	COM SHS	040413205
MKL	MARKEL GROUP INC	1,085	$2,332	1.3%	$1035.40	+95.7%	COM	570535104
IBP	INSTALLED BLDG PRODS INC	17,526	$4,546	2.5%	$173.32	+49.0%	COM	45780R101
STX	SEAGATE TECHNOLOGY HLDNGS PL	3,336	$919	0.5%	$78.78	+228.6%	ORD SHS	G7997R103
AWI	ARMSTRONG WORLD INDS INC NEW	11,518	$2,201	1.2%	$70.77	+169.5%	COM	04247X102
NU	NU HLDGS LTD	69,500	$1,163	0.7%	$6.15	+161.3%	ORD SHS CL A	G6683N103
BAM	BROOKFIELD ASSET MANAGMT LTD	9,935	$520	0.3%	$29.36	+82.1%	CL A LMT VTG SHS	113004105
TRV	TRAVELERS COMPANIES INC	2,341	$679	0.4%	$159.78	+75.6%	COM	89417E109
THO	THOR INDS INC	53,581	$5,501	3.1%	$93.05	+11.0%	COM	885160101
AEM	AGNICO EAGLE MINES LTD	6,301	$1,068	0.6%	$53.60	+213.1%	COM	008474108
EPD	ENTERPRISE PRODS PARTNERS L	17,063	$547	0.3%	$21.39	—	COM	293792107
ET	ENERGY TRANSFER L P	18,657	$308	0.2%	$10.41	—	COM UT LTD PTN	29273V100
LHX	L3HARRIS TECHNOLOGIES INC	926	$272	0.2%	$227.05	+27.0%	COM	502431109
QQQ	INVESCO QQQ TR	495	$304	0.2%	$491.75	—	UNIT SER 1	46090E103
LOOP	LOOP INDS INC	19,280	$19	0.0%	$1.53	-13.6%	COM	543518104
RMCF	ROCKY MTN CHOCOLATE FACTORY	23,567	$45	0.0%	$3.34	-50.2%	COM	77467X101
RCT	REDCLOUD HLDGS PLC	13,010	$19	0.0%	$1.68	+0.8%	SHS	G71115102
VIR	VIR BIOTECHNOLOGY INC	11,691	$70	0.0%	$14.26	-58.3%	COM	92764N102
BKNG	BOOKING HOLDINGS INC	940	$5,034	2.8%	$1911.37	+168.8%	COM	09857L108
FLNT	FLUENT INC	19,003	$46	0.0%	$3.35	-37.1%	COM NEW	34380C201
HDV	ISHARES TR	1,795	$218	0.1%	$117.62	—	CORE HIGH DV ETF	46429B663