JERICHO FINANCIAL, LLP Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	75,372 (+957.3%)	$7,067 (-17.3%)	4.3%	$105.40	+2.3%	COM	64110L106
AMZN	AMAZON COM INC	34,546 (+5.1%)	$7,974 (+10.5%)	4.8%	$206.23	+10.9%	COM	023135106
COST	COSTCO WHSL CORP NEW	4,777 (+30.5%)	$4,119 (+21.5%)	2.5%	$921.19	-1.7%	COM	22160K105
CRWD	CROWDSTRIKE HLDGS INC	11,553 (+19.2%)	$5,416 (+13.9%)	3.3%	$365.43	+39.3%	CL A	22788C105
AFL	AFLAC INC	48,756 (+12.7%)	$5,376 (+11.2%)	3.2%	$106.59	+3.1%	COM	001055102
V	VISA INC	17,568 (+4.7%)	$6,161 (+7.5%)	3.7%	$300.82	+13.1%	COM CL A	92826C839
MSFT	MICROSOFT CORP	17,105 (+2.4%)	$8,272 (-4.4%)	5.0%	$422.13	+18.6%	COM	594918104
WM	WASTE MGMT INC DEL	24,893 (+3.6%)	$5,469 (+3.0%)	3.3%	$212.08	+0.2%	COM	94106L109
RMD	RESMED INC	17,849 (+11.5%)	$4,299 (-1.9%)	2.6%	$239.95	+6.5%	COM	761152107
APD	AIR PRODS & CHEMS INC	9,658 (+7.8%)	$2,386 (-2.4%)	1.4%	$299.95	-16.1%	COM	009158106
AWK	AMERICAN WTR WKS CO INC NEW	22,387 (+7.5%)	$2,921 (+0.8%)	1.8%	$131.14	+1.6%	COM	030420103

Exited Positions (3)

MGK VANGUARD WORLD FD 0.1%

Value ($000) $249 Shares 618 Est. Cost $343.32 Unrealized —

KIE SPDR SERIES TRUST 0.1%

Value ($000) $221 Shares 3,718 Est. Cost $60.51 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $210 Shares 1,150 Est. Cost $162.07 Unrealized +11.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGK	VANGUARD WORLD FD	618	$249	0.1%	$343.32	—	—	921910816
KIE	SPDR SERIES TRUST	3,718	$221	0.1%	$60.51	—	—	78464A789
PLTR	PALANTIR TECHNOLOGIES INC	1,150	$210	0.1%	$162.07	+11.7%	—	69608A108

Decreased Positions (22)

CHE CHEMED CORP NEW 0.3%

Value ($000) $539 (-82.9%) Shares 1,260 (-82.1%) Est. Cost $556.34 Unrealized -21.8%

INTC INTEL CORP 2.7%

Value ($000) $4,419 (-20.9%) Shares 119,768 (-28.1%) Est. Cost $22.35 Unrealized +68.9%

AVGO BROADCOM INC 5.1%

Value ($000) $8,491 (-8.8%) Shares 24,533 (-13.1%) Est. Cost $182.87 Unrealized +95.2%

PG PROCTER AND GAMBLE CO 2.1%

Value ($000) $3,422 (-13.8%) Shares 23,878 (-7.6%) Est. Cost $165.39 Unrealized -11.0%

TSLA TESLA INC 3.0%

Value ($000) $4,939 (-9.1%) Shares 10,983 (-10.1%) Est. Cost $321.37 Unrealized +37.9%

ABBV ABBVIE INC 3.0%

Value ($000) $5,022 (-9.0%) Shares 21,981 (-7.8%) Est. Cost $179.23 Unrealized +27.0%

GOOGL ALPHABET INC 5.7%

Value ($000) $9,398 (+4.7%) Shares 30,027 (-18.7%) Est. Cost $174.47 Unrealized +63.7%

SPYG SPDR SERIES TRUST 1.0%

Value ($000) $1,640 (-18.9%) Shares 15,368 (-20.6%) Est. Cost $87.90 Unrealized —

NVDA NVIDIA CORPORATION 5.0%

Value ($000) $8,365 (-4.2%) Shares 44,853 (-4.2%) Est. Cost $136.94 Unrealized +35.9%

AMT AMERICAN TOWER CORP NEW 1.4%

Value ($000) $2,360 (-11.3%) Shares 13,440 (-2.9%) Est. Cost $196.99 Unrealized -8.5%

CVX CHEVRON CORP NEW 2.9%

Value ($000) $4,806 (-4.7%) Shares 31,533 (-2.9%) Est. Cost $146.12 Unrealized +3.6%

VGT VANGUARD WORLD FD 0.2%

Value ($000) $268 (-43.0%) Shares 355 (-43.6%) Est. Cost $621.20 Unrealized —

DGX QUEST DIAGNOSTICS INC 0.3%

Value ($000) $455 (-29.2%) Shares 2,622 (-22.3%) Est. Cost $152.61 Unrealized +19.3%

MCD MCDONALDS CORP 2.5%

Value ($000) $4,091 (-3.4%) Shares 13,385 (-3.9%) Est. Cost $290.75 Unrealized +4.9%

MA MASTERCARD INCORPORATED 0.6%

Value ($000) $970 (-12.3%) Shares 1,699 (-12.7%) Est. Cost $514.68 Unrealized +8.6%

SCHW SCHWAB CHARLES CORP 0.4%

Value ($000) $675 (-13.3%) Shares 6,758 (-17.2%) Est. Cost $73.82 Unrealized +28.3%

SPTM SPDR SERIES TRUST 0.4%

Value ($000) $631 (-14.1%) Shares 7,649 (-16.0%) Est. Cost $71.54 Unrealized —

SPGI S&P GLOBAL INC 0.4%

Value ($000) $711 (-11.8%) Shares 1,360 (-17.9%) Est. Cost $503.12 Unrealized -1.8%

XSD SPDR SERIES TRUST 0.2%

Value ($000) $298 (-23.6%) Shares 927 (-24.1%) Est. Cost $246.30 Unrealized —

XAR SPDR SERIES TRUST 0.2%

Value ($000) $298 (-22.7%) Shares 1,235 (-24.6%) Est. Cost $165.66 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $321 (-18.0%) Shares 1,552 (-26.5%) Est. Cost $149.59 Unrealized +31.7%

CAT CATERPILLAR INC 3.8%

Value ($000) $6,373 (+0.3%) Shares 11,125 (-16.4%) Est. Cost $379.78 Unrealized +46.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHE	CHEMED CORP NEW	1,260 (-82.1%)	$539 (-82.9%)	0.3%	$556.34	-21.8%	COM	16359R103
INTC	INTEL CORP	119,768 (-28.1%)	$4,419 (-20.9%)	2.7%	$22.35	+68.9%	COM	458140100
AVGO	BROADCOM INC	24,533 (-13.1%)	$8,491 (-8.8%)	5.1%	$182.87	+95.2%	COM	11135F101
PG	PROCTER AND GAMBLE CO	23,878 (-7.6%)	$3,422 (-13.8%)	2.1%	$165.39	-11.0%	COM	742718109
TSLA	TESLA INC	10,983 (-10.1%)	$4,939 (-9.1%)	3.0%	$321.37	+37.9%	COM	88160R101
ABBV	ABBVIE INC	21,981 (-7.8%)	$5,022 (-9.0%)	3.0%	$179.23	+27.0%	COM	00287Y109
GOOGL	ALPHABET INC	30,027 (-18.7%)	$9,398 (+4.7%)	5.7%	$174.47	+63.7%	CAP STK CL A	02079K305
SPYG	SPDR SERIES TRUST	15,368 (-20.6%)	$1,640 (-18.9%)	1.0%	$87.90	—	STATE STREET SPD	78464A409
NVDA	NVIDIA CORPORATION	44,853 (-4.2%)	$8,365 (-4.2%)	5.0%	$136.94	+35.9%	COM	67066G104
AMT	AMERICAN TOWER CORP NEW	13,440 (-2.9%)	$2,360 (-11.3%)	1.4%	$196.99	-8.5%	COM	03027X100
CVX	CHEVRON CORP NEW	31,533 (-2.9%)	$4,806 (-4.7%)	2.9%	$146.12	+3.6%	COM	166764100
VGT	VANGUARD WORLD FD	355 (-43.6%)	$268 (-43.0%)	0.2%	$621.20	—	INF TECH ETF	92204A702
DGX	QUEST DIAGNOSTICS INC	2,622 (-22.3%)	$455 (-29.2%)	0.3%	$152.61	+19.3%	COM	74834L100
MCD	MCDONALDS CORP	13,385 (-3.9%)	$4,091 (-3.4%)	2.5%	$290.75	+4.9%	COM	580135101
MA	MASTERCARD INCORPORATED	1,699 (-12.7%)	$970 (-12.3%)	0.6%	$514.68	+8.6%	CL A	57636Q104
SCHW	SCHWAB CHARLES CORP	6,758 (-17.2%)	$675 (-13.3%)	0.4%	$73.82	+28.3%	COM	808513105
SPTM	SPDR SERIES TRUST	7,649 (-16.0%)	$631 (-14.1%)	0.4%	$71.54	—	STATE STREET SPD	78464A805
SPGI	S&P GLOBAL INC	1,360 (-17.9%)	$711 (-11.8%)	0.4%	$503.12	-1.8%	COM	78409V104
XSD	SPDR SERIES TRUST	927 (-24.1%)	$298 (-23.6%)	0.2%	$246.30	—	STATE STREET SPD	78464A862
XAR	SPDR SERIES TRUST	1,235 (-24.6%)	$298 (-22.7%)	0.2%	$165.66	—	STATE STREET SPD	78464A631
JNJ	JOHNSON & JOHNSON	1,552 (-26.5%)	$321 (-18.0%)	0.2%	$149.59	+31.7%	COM	478160104
CAT	CATERPILLAR INC	11,125 (-16.4%)	$6,373 (+0.3%)	3.8%	$379.78	+46.3%	COM	149123101

Unchanged Positions (5)

META META PLATFORMS INC 4.4%

Value ($000) $7,237 Shares 10,964 Est. Cost $584.74 Unrealized +14.1%

AAPL APPLE INC 5.3%

Value ($000) $8,853 Shares 32,566 Est. Cost $234.14 Unrealized +14.6%

CRM SALESFORCE INC 3.0%

Value ($000) $4,942 Shares 18,655 Est. Cost $314.18 Unrealized -21.0%

JPM JPMORGAN CHASE & CO. 5.0%

Value ($000) $8,295 Shares 25,742 Est. Cost $228.03 Unrealized +35.7%

CAH CARDINAL HEALTH INC 0.2%

Value ($000) $312 Shares 1,516 Est. Cost $125.89 Unrealized +49.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	10,964	$7,237	4.4%	$584.74	+14.1%	CL A	30303M102
AAPL	APPLE INC	32,566	$8,853	5.3%	$234.14	+14.6%	COM	037833100
CRM	SALESFORCE INC	18,655	$4,942	3.0%	$314.18	-21.0%	COM	79466L302
JPM	JPMORGAN CHASE & CO.	25,742	$8,295	5.0%	$228.03	+35.7%	COM	46625H100
CAH	CARDINAL HEALTH INC	1,516	$312	0.2%	$125.89	+49.1%	COM	14149Y108