Ardent Capital Management, Inc. Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIDU	BAIDU INC	39,438 (+363.9%)	$5,153 (+360.0%)	2.0%	$130.90	—	SPON ADR REP A	056752108
PM	PHILIP MORRIS INTL INC	45,440 (+30.9%)	$7,289 (+29.4%)	2.9%	$111.58	+37.6%	COM	718172109
META	META PLATFORMS INC	25,083 (+4.3%)	$16,557 (-6.2%)	6.5%	$336.63	+98.2%	CL A	30303M102
AMZN	AMAZON COM INC	8,554 (+28.6%)	$1,974 (+35.1%)	0.8%	$127.66	+79.2%	COM	023135106
PG	PROCTER AND GAMBLE CO	29,983 (+17.6%)	$4,297 (+9.7%)	1.7%	$139.55	+5.5%	COM	742718109
MO	ALTRIA GROUP INC	14,883 (+76.8%)	$858 (+54.4%)	0.3%	$60.52	-1.9%	COM	02209S103
ARTY	ISHARES TR	42,062 (+10.0%)	$2,027 (+15.8%)	0.8%	$32.98	—	FUTURE AI & TECH	46435U556
COST	COSTCO WHSL CORP NEW	6,651 (+8.7%)	$5,735 (+1.3%)	2.3%	$666.63	+35.9%	COM	22160K105
ADBE	ADOBE INC	4,465 (+4.7%)	$1,563 (+3.9%)	0.6%	$405.09	-16.0%	COM	00724F101

Exited Positions (1)

HBAN HUNTINGTON BANCSHARES INC 0.3%

Value ($000) $758 Shares 31,656 Est. Cost $16.82 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HBAN	HUNTINGTON BANCSHARES INC	31,656	$758	0.3%	$16.82	-3.1%	—	446150104

Decreased Positions (2)

ZBH ZIMMER BIOMET HOLDINGS INC 0.4%

Value ($000) $1,023 (-11.1%) Shares 11,376 (-2.7%) Est. Cost $125.80 Unrealized -24.8%

UNH UNITEDHEALTH GROUP INC 0.3%

Value ($000) $659 (-5.9%) Shares 1,995 (-1.6%) Est. Cost $298.94 Unrealized +12.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZBH	ZIMMER BIOMET HOLDINGS INC	11,376 (-2.7%)	$1,023 (-11.1%)	0.4%	$125.80	-24.8%	COM	98956P102
UNH	UNITEDHEALTH GROUP INC	1,995 (-1.6%)	$659 (-5.9%)	0.3%	$298.94	+12.8%	COM	91324P102

Unchanged Positions (39)

GOOG ALPHABET INC 12.4%

Value ($000) $31,415 Shares 100,111 Est. Cost $123.60 Unrealized +131.7%

JNJ JOHNSON & JOHNSON 12.3%

Value ($000) $31,209 Shares 150,806 Est. Cost $145.93 Unrealized +35.0%

GOOGL ALPHABET INC 3.0%

Value ($000) $7,525 Shares 24,040 Est. Cost $110.61 Unrealized +158.2%

AAPL APPLE INC 6.4%

Value ($000) $16,082 Shares 59,154 Est. Cost $157.46 Unrealized +70.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 32.6%

Value ($000) $82,421 Shares 163,973 Est. Cost $306.21 Unrealized +62.5%

SYK STRYKER CORPORATION 4.5%

Value ($000) $11,341 Shares 32,266 Est. Cost $264.20 Unrealized +37.6%

PYPL PAYPAL HLDGS INC 1.3%

Value ($000) $3,229 Shares 55,312 Est. Cost $65.64 Unrealized -1.2%

SLV ISHARES SILVER TR 0.2%

Value ($000) $612 Shares 9,500 Est. Cost $30.99 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value ($000) $846 Shares 15,675 Est. Cost $54.35 Unrealized -12.5%

IAUM ISHARES GOLD TR 0.5%

Value ($000) $1,225 Shares 28,500 Est. Cost $18.45 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value ($000) $1,000 Shares 2,067 Est. Cost $279.39 Unrealized +79.2%

CEF SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $298 Shares 6,505 Est. Cost $36.69 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.2%

Value ($000) $420 Shares 1,631 Est. Cost $231.16 Unrealized +14.6%

GLD SPDR GOLD TR 0.2%

Value ($000) $555 Shares 1,400 Est. Cost $205.73 Unrealized —

PLD PROLOGIS INC. 0.2%

Value ($000) $509 Shares 3,990 Est. Cost $101.81 Unrealized +21.7%

IWB ISHARES TR 0.9%

Value ($000) $2,204 Shares 5,902 Est. Cost $229.69 Unrealized —

KVUE KENVUE INC 0.3%

Value ($000) $635 Shares 36,830 Est. Cost $21.04 Unrealized -22.7%

IVV ISHARES TR 0.5%

Value ($000) $1,347 Shares 1,966 Est. Cost $384.21 Unrealized —

CSCO CISCO SYS INC 0.1%

Value ($000) $256 Shares 3,318 Est. Cost $60.10 Unrealized +22.8%

VTV VANGUARD INDEX FDS 0.5%

Value ($000) $1,206 Shares 6,315 Est. Cost $138.69 Unrealized —

QUAL ISHARES TR 0.5%

Value ($000) $1,365 Shares 6,874 Est. Cost $131.79 Unrealized —

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $1,284 Shares 3,984 Est. Cost $147.24 Unrealized +110.2%

EVLV EVOLV TECHNOLOGIES HLDNGS IN 0.2%

Value ($000) $467 Shares 65,289 Est. Cost $3.50 Unrealized +103.2%

SO SOUTHERN CO 0.1%

Value ($000) $245 Shares 2,815 Est. Cost $59.62 Unrealized +52.5%

XME SPDR SERIES TRUST 0.1%

Value ($000) $227 Shares 2,195 Est. Cost $93.19 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $781 Shares 1,146 Est. Cost $387.57 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.6%

Value ($000) $1,466 Shares 7,655 Est. Cost $141.69 Unrealized —

VO VANGUARD INDEX FDS 0.4%

Value ($000) $1,068 Shares 3,680 Est. Cost $208.24 Unrealized —

V VISA INC 0.1%

Value ($000) $322 Shares 917 Est. Cost $236.17 Unrealized +44.1%

IJR ISHARES TR 0.3%

Value ($000) $743 Shares 6,183 Est. Cost $95.61 Unrealized —

ABBV ABBVIE INC 0.2%

Value ($000) $578 Shares 2,530 Est. Cost $137.22 Unrealized +65.8%

IWF ISHARES TR 0.3%

Value ($000) $715 Shares 1,510 Est. Cost $229.37 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $210 Shares 2,850 Est. Cost $71.37 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF TR 0.2%

Value ($000) $440 Shares 730 Est. Cost $442.79 Unrealized —

IJH ISHARES TR 0.2%

Value ($000) $457 Shares 6,920 Est. Cost $98.20 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $242 Shares 721 Est. Cost $328.17 Unrealized —

EMLP FIRST TR EXCHANGE-TRADED FD 0.1%

Value ($000) $222 Shares 5,870 Est. Cost $35.65 Unrealized —

MCD MCDONALDS CORP 0.1%

Value ($000) $291 Shares 951 Est. Cost $269.51 Unrealized +13.2%

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $205 Shares 1,100 Est. Cost $174.29 Unrealized +6.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	100,111	$31,415	12.4%	$123.60	+131.7%	CAP STK CL C	02079K107
JNJ	JOHNSON & JOHNSON	150,806	$31,209	12.3%	$145.93	+35.0%	COM	478160104
GOOGL	ALPHABET INC	24,040	$7,525	3.0%	$110.61	+158.2%	CAP STK CL A	02079K305
AAPL	APPLE INC	59,154	$16,082	6.4%	$157.46	+70.4%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	163,973	$82,421	32.6%	$306.21	+62.5%	CL B NEW	084670702
SYK	STRYKER CORPORATION	32,266	$11,341	4.5%	$264.20	+37.6%	COM	863667101
PYPL	PAYPAL HLDGS INC	55,312	$3,229	1.3%	$65.64	-1.2%	COM	70450Y103
SLV	ISHARES SILVER TR	9,500	$612	0.2%	$30.99	—	ISHARES	46428Q109
BMY	BRISTOL-MYERS SQUIBB CO	15,675	$846	0.3%	$54.35	-12.5%	COM	110122108
IAUM	ISHARES GOLD TR	28,500	$1,225	0.5%	$18.45	—	SHARES REPRESENT	46436F103
MSFT	MICROSOFT CORP	2,067	$1,000	0.4%	$279.39	+79.2%	COM	594918104
CEF	SPROTT ASSET MANAGEMENT LP	6,505	$298	0.1%	$36.69	—	PHYSICAL GOLD AN	85208R101
ADP	AUTOMATIC DATA PROCESSING IN	1,631	$420	0.2%	$231.16	+14.6%	COM	053015103
GLD	SPDR GOLD TR	1,400	$555	0.2%	$205.73	—	GOLD SHS	78463V107
PLD	PROLOGIS INC.	3,990	$509	0.2%	$101.81	+21.7%	COM	74340W103
IWB	ISHARES TR	5,902	$2,204	0.9%	$229.69	—	RUS 1000 ETF	464287622
KVUE	KENVUE INC	36,830	$635	0.3%	$21.04	-22.7%	COM	49177J102
IVV	ISHARES TR	1,966	$1,347	0.5%	$384.21	—	CORE S&P500 ETF	464287200
CSCO	CISCO SYS INC	3,318	$256	0.1%	$60.10	+22.8%	COM	17275R102
VTV	VANGUARD INDEX FDS	6,315	$1,206	0.5%	$138.69	—	VALUE ETF	922908744
QUAL	ISHARES TR	6,874	$1,365	0.5%	$131.79	—	MSCI USA QLT FCT	46432F339
JPM	JPMORGAN CHASE & CO.	3,984	$1,284	0.5%	$147.24	+110.2%	COM	46625H100
EVLV	EVOLV TECHNOLOGIES HLDNGS IN	65,289	$467	0.2%	$3.50	+103.2%	COM CL A	30049H102
SO	SOUTHERN CO	2,815	$245	0.1%	$59.62	+52.5%	COM	842587107
XME	SPDR SERIES TRUST	2,195	$227	0.1%	$93.19	—	STATE STREET SPD	78464A755
SPY	SPDR S&P 500 ETF TR	1,146	$781	0.3%	$387.57	—	TR UNIT	78462F103
RSP	INVESCO EXCHANGE TRADED FD T	7,655	$1,466	0.6%	$141.69	—	S&P500 EQL WGT	46137V357
VO	VANGUARD INDEX FDS	3,680	$1,068	0.4%	$208.24	—	MID CAP ETF	922908629
V	VISA INC	917	$322	0.1%	$236.17	+44.1%	COM CL A	92826C839
IJR	ISHARES TR	6,183	$743	0.3%	$95.61	—	CORE S&P SCP ETF	464287804
ABBV	ABBVIE INC	2,530	$578	0.2%	$137.22	+65.8%	COM	00287Y109
IWF	ISHARES TR	1,510	$715	0.3%	$229.37	—	RUS 1000 GRW ETF	464287614
VEU	VANGUARD INTL EQUITY INDEX F	2,850	$210	0.1%	$71.37	—	ALLWRLD EX US	922042775
MDY	SPDR S&P MIDCAP 400 ETF TR	730	$440	0.2%	$442.79	—	UTSER1 S&PDCRP	78467Y107
IJH	ISHARES TR	6,920	$457	0.2%	$98.20	—	CORE S&P MCP ETF	464287507
VTI	VANGUARD INDEX FDS	721	$242	0.1%	$328.17	—	TOTAL STK MKT	922908769
EMLP	FIRST TR EXCHANGE-TRADED FD	5,870	$222	0.1%	$35.65	—	NO AMER ENERGY	33738D101
MCD	MCDONALDS CORP	951	$291	0.1%	$269.51	+13.2%	COM	580135101
NVDA	NVIDIA CORPORATION	1,100	$205	0.1%	$174.29	+6.8%	COM	67066G104