Cohen Investment Advisors LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	7,106 (+1.4%)	$4,118 (+21.2%)	1.9%	$486.12	+16.3%	COM	883556102
NOW	SERVICENOW INC	24,435 (+409.7%)	$3,743 (-15.2%)	1.7%	$163.08	+5.2%	COM	81762P102
UPS	UNITED PARCEL SERVICE INC	31,493 (+4.9%)	$3,124 (+24.6%)	1.4%	$118.81	-21.9%	CL B	911312106
META	META PLATFORMS INC	10,613 (+2.4%)	$7,006 (-8.0%)	3.2%	$279.71	+138.6%	CL A	30303M102
AMGN	AMGEN INC	12,220 (+1.6%)	$4,000 (+17.8%)	1.8%	$229.11	+37.9%	COM	031162100
CSCO	CISCO SYS INC	59,370 (+1.1%)	$4,573 (+13.8%)	2.1%	$40.82	+80.8%	COM	17275R102
HD	HOME DEPOT INC	11,182 (+4.3%)	$3,848 (-11.4%)	1.8%	$283.42	+28.6%	COM	437076102
CRM	SALESFORCE INC	13,400 (+3.6%)	$3,550 (+15.7%)	1.6%	$240.33	+3.3%	COM	79466L302
CB	CHUBB LIMITED	13,380 (+1.4%)	$4,176 (+12.2%)	1.9%	$272.95	+7.1%	COM	H1467J104
BX	BLACKSTONE INC	30,208 (+1.7%)	$4,656 (-8.3%)	2.1%	$64.18	+136.0%	COM	09260D107
BHP	BHP GROUP LTD	64,849 (+1.7%)	$3,915 (+10.1%)	1.8%	$61.03	—	SPONSORED ADS	088606108
KO	COCA COLA CO	45,838 (+5.0%)	$3,205 (+10.7%)	1.5%	$53.22	+30.4%	COM	191216100
NEE	NEXTERA ENERGY INC	42,815 (+1.9%)	$3,437 (+8.3%)	1.6%	$67.44	+22.3%	COM	65339F101
RIO	RIO TINTO PLC	7,247 (+24.5%)	$580 (+51.0%)	0.3%	$72.27	—	SPONSORED ADR	767204100
V	VISA INC	14,110 (+1.1%)	$4,949 (+3.8%)	2.3%	$217.58	+56.4%	COM CL A	92826C839
NVDA	NVIDIA CORPORATION	30,182 (+3.3%)	$5,629 (+3.2%)	2.6%	$131.69	+41.3%	COM	67066G104
SBUX	STARBUCKS CORP	33,536 (+6.6%)	$2,824 (+6.1%)	1.3%	$88.01	-4.5%	COM	855244109
DKNG	DRAFTKINGS INC NEW	85,012 (+3.2%)	$2,930 (-4.9%)	1.3%	$19.83	+65.8%	COM CL A	26142V105
O	REALTY INCOME CORP	53,816 (+3.2%)	$3,034 (-4.3%)	1.4%	$54.29	+5.6%	COM	756109104
PG	PROCTER AND GAMBLE CO	24,246 (+3.5%)	$3,475 (-3.5%)	1.6%	$133.82	+10.0%	COM	742718109
VEA	VANGUARD TAX-MANAGED FDS	25,851 (+3.0%)	$1,615 (+7.4%)	0.7%	$48.36	—	VAN FTSE DEV MKT	921943858
VZ	VERIZON COMMUNICATIONS INC	74,476 (+4.3%)	$3,033 (-3.4%)	1.4%	$40.95	-1.1%	COM	92343V104
BA	BOEING CO	14,066 (+2.7%)	$3,054 (+3.3%)	1.4%	$193.64	+6.2%	COM	097023105
MCD	MCDONALDS CORP	12,679 (+1.9%)	$3,875 (+2.5%)	1.8%	$225.89	+35.1%	COM	580135101
DIS	DISNEY WALT CO	27,097 (+3.7%)	$3,083 (+3.1%)	1.4%	$120.59	-9.2%	COM	254687106
INTU	INTUIT	7,027 (+1.3%)	$4,655 (-1.8%)	2.1%	$425.82	+55.2%	COM	461202103
VTV	VANGUARD INDEX FDS	6,507 (+4.5%)	$1,243 (+7.0%)	0.6%	$136.30	—	VALUE ETF	922908744
CVX	CHEVRON CORP NEW	26,343 (+4.0%)	$4,015 (+2.0%)	1.8%	$95.89	+57.9%	COM	166764100
VB	VANGUARD INDEX FDS	4,474 (+4.6%)	$1,154 (+6.1%)	0.5%	$209.00	—	SMALL CP ETF	922908751
PFE	PFIZER INC	118,960 (+4.6%)	$2,962 (+2.2%)	1.4%	$26.48	-5.5%	COM	717081103
VUG	VANGUARD INDEX FDS	3,146 (+1.8%)	$1,535 (+3.6%)	0.7%	$274.32	—	GROWTH ETF	922908736
KMI	KINDER MORGAN INC DEL	153,334 (+1.7%)	$4,215 (-1.2%)	1.9%	$12.54	+114.5%	COM	49456B101
VXUS	VANGUARD STAR FDS	4,322 (+5.9%)	$326 (+8.8%)	0.1%	$64.29	—	VG TL INTL STK F	921909768
VTI	VANGUARD INDEX FDS	1,003 (+5.7%)	$336 (+8.0%)	0.2%	$284.91	—	TOTAL STK MKT	922908769
VWO	VANGUARD INTL EQUITY INDEX F	15,983 (+3.5%)	$859 (+2.7%)	0.4%	$46.72	—	FTSE EMR MKT ETF	922042858

Exited Positions (2)

— TOTALENERGIES SE 0.2%

Value ($000) $449 Shares 7,524 Est. Cost $48.29 Unrealized —

— UNILEVER PLC 0.2%

Value ($000) $439 Shares 7,408 Est. Cost $57.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE	7,524	$449	0.2%	$48.29	—	—	89151E109
—	UNILEVER PLC	7,408	$439	0.2%	$57.60	—	—	904767704

Decreased Positions (16)

LLY ELI LILLY & CO 5.3%

Value ($000) $11,455 (+38.4%) Shares 10,659 (-1.7%) Est. Cost $291.19 Unrealized +228.2%

GOOGL ALPHABET INC 4.4%

Value ($000) $9,538 (+26.3%) Shares 30,472 (-1.9%) Est. Cost $119.03 Unrealized +139.9%

AAPL APPLE INC 5.3%

Value ($000) $11,433 (+4.3%) Shares 42,056 (-2.3%) Est. Cost $132.19 Unrealized +103.0%

TSLA TESLA INC 0.2%

Value ($000) $337 (-36.6%) Shares 749 (-37.3%) Est. Cost $243.37 Unrealized +82.1%

GOOG ALPHABET INC 0.4%

Value ($000) $874 (+17.5%) Shares 2,785 (-8.8%) Est. Cost $125.35 Unrealized +128.4%

AZN ASTRAZENECA PLC 0.3%

Value ($000) $660 (+18.1%) Shares 7,175 (-1.4%) Est. Cost $53.81 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $267 (-26.9%) Shares 1,500 (-25.0%) Est. Cost $117.28 Unrealized +54.4%

C CITIGROUP INC 0.4%

Value ($000) $813 (+13.3%) Shares 6,968 (-1.4%) Est. Cost $44.86 Unrealized +131.0%

T AT&T INC 0.2%

Value ($000) $328 (-13.0%) Shares 13,186 (-1.1%) Est. Cost $15.74 Unrealized +60.7%

BNS BANK NOVA SCOTIA HALIFAX 0.2%

Value ($000) $513 (+9.6%) Shares 6,955 (-3.9%) Est. Cost $39.12 Unrealized +73.8%

PEP PEPSICO INC 0.2%

Value ($000) $531 (-6.6%) Shares 3,699 (-8.6%) Est. Cost $133.04 Unrealized +9.7%

WMB WILLIAMS COS INC 0.2%

Value ($000) $453 (-6.9%) Shares 7,541 (-1.8%) Est. Cost $41.88 Unrealized +43.4%

F FORD MTR CO 0.2%

Value ($000) $428 (+7.1%) Shares 32,632 (-2.3%) Est. Cost $7.81 Unrealized +64.2%

NVS NOVARTIS AG 0.2%

Value ($000) $504 (+5.8%) Shares 3,654 (-1.6%) Est. Cost $96.67 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value ($000) $773 (+2.9%) Shares 2,608 (-2.0%) Est. Cost $104.44 Unrealized +186.1%

AEP AMERICAN ELEC PWR CO INC 0.2%

Value ($000) $539 (+1.4%) Shares 4,678 (-1.0%) Est. Cost $74.79 Unrealized +57.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	10,659 (-1.7%)	$11,455 (+38.4%)	5.3%	$291.19	+228.2%	COM	532457108
GOOGL	ALPHABET INC	30,472 (-1.9%)	$9,538 (+26.3%)	4.4%	$119.03	+139.9%	CAP STK CL A	02079K305
AAPL	APPLE INC	42,056 (-2.3%)	$11,433 (+4.3%)	5.3%	$132.19	+103.0%	COM	037833100
TSLA	TESLA INC	749 (-37.3%)	$337 (-36.6%)	0.2%	$243.37	+82.1%	COM	88160R101
GOOG	ALPHABET INC	2,785 (-8.8%)	$874 (+17.5%)	0.4%	$125.35	+128.4%	CAP STK CL C	02079K107
AZN	ASTRAZENECA PLC	7,175 (-1.4%)	$660 (+18.1%)	0.3%	$53.81	—	SPONSORED ADR	046353108
PLTR	PALANTIR TECHNOLOGIES INC	1,500 (-25.0%)	$267 (-26.9%)	0.1%	$117.28	+54.4%	CL A	69608A108
C	CITIGROUP INC	6,968 (-1.4%)	$813 (+13.3%)	0.4%	$44.86	+131.0%	COM NEW	172967424
T	AT&T INC	13,186 (-1.1%)	$328 (-13.0%)	0.2%	$15.74	+60.7%	COM	00206R102
BNS	BANK NOVA SCOTIA HALIFAX	6,955 (-3.9%)	$513 (+9.6%)	0.2%	$39.12	+73.8%	COM	064149107
PEP	PEPSICO INC	3,699 (-8.6%)	$531 (-6.6%)	0.2%	$133.04	+9.7%	COM	713448108
WMB	WILLIAMS COS INC	7,541 (-1.8%)	$453 (-6.9%)	0.2%	$41.88	+43.4%	COM	969457100
F	FORD MTR CO	32,632 (-2.3%)	$428 (+7.1%)	0.2%	$7.81	+64.2%	COM	345370860
NVS	NOVARTIS AG	3,654 (-1.6%)	$504 (+5.8%)	0.2%	$96.67	—	SPONSORED ADR	66987V109
IBM	INTERNATIONAL BUSINESS MACHS	2,608 (-2.0%)	$773 (+2.9%)	0.4%	$104.44	+186.1%	COM	459200101
AEP	AMERICAN ELEC PWR CO INC	4,678 (-1.0%)	$539 (+1.4%)	0.2%	$74.79	+57.4%	COM	025537101

Unchanged Positions (25)

MSFT MICROSOFT CORP 4.0%

Value ($000) $8,760 Shares 18,114 Est. Cost $254.95 Unrealized +96.3%

GS GOLDMAN SACHS GROUP INC 3.4%

Value ($000) $7,407 Shares 8,427 Est. Cost $239.41 Unrealized +239.7%

JNJ JOHNSON & JOHNSON 2.4%

Value ($000) $5,225 Shares 25,247 Est. Cost $143.34 Unrealized +37.4%

WFC WELLS FARGO CO NEW 2.2%

Value ($000) $4,852 Shares 52,059 Est. Cost $35.62 Unrealized +143.2%

RTX RTX CORPORATION 2.6%

Value ($000) $5,644 Shares 30,776 Est. Cost $72.59 Unrealized +138.8%

AMZN AMAZON COM INC 3.8%

Value ($000) $8,190 Shares 35,484 Est. Cost $139.42 Unrealized +64.1%

BAC BANK AMERICA CORP 2.3%

Value ($000) $5,015 Shares 91,182 Est. Cost $29.91 Unrealized +76.1%

XOM EXXON MOBIL CORP 2.0%

Value ($000) $4,380 Shares 36,396 Est. Cost $43.93 Unrealized +162.9%

JPM JPMORGAN CHASE & CO. 3.4%

Value ($000) $7,366 Shares 22,859 Est. Cost $109.34 Unrealized +183.1%

MRK MERCK & CO INC 0.3%

Value ($000) $603 Shares 5,731 Est. Cost $74.83 Unrealized +24.6%

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value ($000) $510 Shares 9,449 Est. Cost $49.54 Unrealized -4.1%

MO ALTRIA GROUP INC 0.2%

Value ($000) $392 Shares 6,792 Est. Cost $30.62 Unrealized +93.8%

SO SOUTHERN CO 0.2%

Value ($000) $451 Shares 5,173 Est. Cost $54.58 Unrealized +66.5%

DEO DIAGEO PLC 0.2%

Value ($000) $354 Shares 4,107 Est. Cost $144.91 Unrealized —

TXN TEXAS INSTRS INC 0.2%

Value ($000) $493 Shares 2,842 Est. Cost $134.60 Unrealized +26.8%

KHC KRAFT HEINZ CO 0.1%

Value ($000) $314 Shares 12,930 Est. Cost $27.36 Unrealized -10.0%

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value ($000) $506 Shares 1,079 Est. Cost $433.57 Unrealized +17.4%

LMT LOCKHEED MARTIN CORP 0.3%

Value ($000) $634 Shares 1,311 Est. Cost $351.37 Unrealized +35.5%

NOC NORTHROP GRUMMAN CORP 0.1%

Value ($000) $267 Shares 468 Est. Cost $320.46 Unrealized +80.6%

SNY SANOFI SA 0.2%

Value ($000) $447 Shares 9,217 Est. Cost $48.91 Unrealized —

PM PHILIP MORRIS INTL INC 0.3%

Value ($000) $584 Shares 3,639 Est. Cost $67.56 Unrealized +127.3%

EMB ISHARES TR 0.2%

Value ($000) $448 Shares 4,649 Est. Cost $86.74 Unrealized —

TRP TC ENERGY CORP 0.2%

Value ($000) $517 Shares 9,390 Est. Cost $34.08 Unrealized +56.5%

ETR ENTERGY CORP NEW 0.2%

Value ($000) $514 Shares 5,561 Est. Cost $57.37 Unrealized +64.8%

HYG ISHARES TR 0.2%

Value ($000) $512 Shares 6,349 Est. Cost $80.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	18,114	$8,760	4.0%	$254.95	+96.3%	COM	594918104
GS	GOLDMAN SACHS GROUP INC	8,427	$7,407	3.4%	$239.41	+239.7%	COM	38141G104
JNJ	JOHNSON & JOHNSON	25,247	$5,225	2.4%	$143.34	+37.4%	COM	478160104
WFC	WELLS FARGO CO NEW	52,059	$4,852	2.2%	$35.62	+143.2%	COM	949746101
RTX	RTX CORPORATION	30,776	$5,644	2.6%	$72.59	+138.8%	COM	75513E101
AMZN	AMAZON COM INC	35,484	$8,190	3.8%	$139.42	+64.1%	COM	023135106
BAC	BANK AMERICA CORP	91,182	$5,015	2.3%	$29.91	+76.1%	COM	060505104
XOM	EXXON MOBIL CORP	36,396	$4,380	2.0%	$43.93	+162.9%	COM	30231G102
JPM	JPMORGAN CHASE & CO.	22,859	$7,366	3.4%	$109.34	+183.1%	COM	46625H100
MRK	MERCK & CO INC	5,731	$603	0.3%	$74.83	+24.6%	COM	58933Y105
BMY	BRISTOL-MYERS SQUIBB CO	9,449	$510	0.2%	$49.54	-4.1%	COM	110122108
MO	ALTRIA GROUP INC	6,792	$392	0.2%	$30.62	+93.8%	COM	02209S103
SO	SOUTHERN CO	5,173	$451	0.2%	$54.58	+66.5%	COM	842587107
DEO	DIAGEO PLC	4,107	$354	0.2%	$144.91	—	SPON ADR NEW	25243Q205
TXN	TEXAS INSTRS INC	2,842	$493	0.2%	$134.60	+26.8%	COM	882508104
KHC	KRAFT HEINZ CO	12,930	$314	0.1%	$27.36	-10.0%	COM	500754106
CRWD	CROWDSTRIKE HLDGS INC	1,079	$506	0.2%	$433.57	+17.4%	CL A	22788C105
LMT	LOCKHEED MARTIN CORP	1,311	$634	0.3%	$351.37	+35.5%	COM	539830109
NOC	NORTHROP GRUMMAN CORP	468	$267	0.1%	$320.46	+80.6%	COM	666807102
SNY	SANOFI SA	9,217	$447	0.2%	$48.91	—	SPONSORED ADR	80105N105
PM	PHILIP MORRIS INTL INC	3,639	$584	0.3%	$67.56	+127.3%	COM	718172109
EMB	ISHARES TR	4,649	$448	0.2%	$86.74	—	JPMORGAN USD EMG	464288281
TRP	TC ENERGY CORP	9,390	$517	0.2%	$34.08	+56.5%	COM	87807B107
ETR	ENTERGY CORP NEW	5,561	$514	0.2%	$57.37	+64.8%	COM	29364G103
HYG	ISHARES TR	6,349	$512	0.2%	$80.70	—	IBOXX HI YD ETF	464288513