Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
POOL	POOL CORP COM	24,267	$5.215M	2.6%	$214.90	—	Stock	73278L105
ZTS	ZOETIS INC CL A	64,124	$4.608M	2.3%	$71.86	—	Stock	98978V103
KLAC	KLA CORP COM NEW	770	$232K	0.1%	$301.82	—	Stock	482480100
TSM	TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS	486	$232K	0.1%	$477.57	—	ADR	874039100
JPM	JPMORGAN CHASE & CO COM	672	$220K	0.1%	$327.70	—	Stock	46625H100
DE	DEERE & CO COM	318	$202K	0.1%	$634.58	—	Stock	244199105

Increased Positions (37)

SFM SPROUTS FMRS MKT INC COM 2.7%

Value $5.473M (+115.9%) Shares 64,704 (+96.9%) Est. Cost $78.38 Unrealized —

ASML ASML HLDG NV N Y REGISTRY SHS 3.8%

Value $7.805M (+54.7%) Shares 3,923 (+2.7%) Est. Cost $1003.90 Unrealized —

LLY ELI LILLY & CO COM 4.6%

Value $9.384M (+35.6%) Shares 7,823 (+4.0%) Est. Cost $448.06 Unrealized —

CAT CATERPILLAR INC COM 3.4%

Value $7.009M (+51.9%) Shares 6,581 (+1.1%) Est. Cost $461.72 Unrealized —

AYI ACUITY INC COM 2.1%

Value $4.263M (+40.3%) Shares 11,316 (+4.4%) Est. Cost $229.64 Unrealized —

ABBV ABBVIE INC COM 3.6%

Value $7.308M (+18.3%) Shares 29,040 (+2.2%) Est. Cost $117.13 Unrealized —

VCSH VANGUARD SHORT-TERM CORPORATE BOND ETF 2.5%

Value $5.181M (+18.0%) Shares 65,551 (+18.4%) Est. Cost $78.85 Unrealized —

COP CONOCOPHILLIPS COM 1.7%

Value $3.534M (-18.1%) Shares 33,994 (+3.9%) Est. Cost $93.46 Unrealized —

VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF 2.4%

Value $4.85M (+16.3%) Shares 58,682 (+16.4%) Est. Cost $82.14 Unrealized —

VNOM VIPER ENERGY INC CL A 2.9%

Value $6.002M (-8.2%) Shares 141,567 (+1.7%) Est. Cost $39.23 Unrealized —

NNI NELNET INC CL A 3.5%

Value $7.124M (+7.6%) Shares 53,433 (+4.0%) Est. Cost $94.48 Unrealized —

APO APOLLO GLOBAL MGMT INC COM 2.8%

Value $5.785M (+9.1%) Shares 48,895 (+2.8%) Est. Cost $79.60 Unrealized —

LKQ LKQ CORP COM 2.3%

Value $4.654M (-6.8%) Shares 176,772 (+3.9%) Est. Cost $34.89 Unrealized —

PINE ALPINE INCOME PPTY TR INC COM 0.8%

Value $1.649M (+24.0%) Shares 79,412 (+7.5%) Est. Cost $17.46 Unrealized —

RPC RIDGEPOST CAP INC CL A COM 1.5%

Value $2.996M (+11.8%) Shares 380,685 (+3.2%) Est. Cost $10.67 Unrealized —

BN BROOKFIELD CORP CL A LTD VT SH 2.0%

Value $4.062M (+8.4%) Shares 95,374 (+3.0%) Est. Cost $31.00 Unrealized —

KMB KIMBERLY-CLARK CORP COM 1.0%

Value $1.95M (+18.7%) Shares 17,767 (+4.3%) Est. Cost $110.65 Unrealized —

SIRI SIRIUSXM HOLDINGS INC COMMON STOCK 0.6%

Value $1.134M (+34.1%) Shares 38,377 (+4.8%) Est. Cost $23.86 Unrealized —

AMCR AMCOR PLC COM NEW 1.1%

Value $2.248M (+13.1%) Shares 51,859 (+3.8%) Est. Cost $9.61 Unrealized —

PEP PEPSICO INC COM 1.1%

Value $2.328M (-9.7%) Shares 17,192 (+3.6%) Est. Cost $145.71 Unrealized —

MMM 3M CO COM 0.9%

Value $1.792M (+15.8%) Shares 11,069 (+3.9%) Est. Cost $121.59 Unrealized —

ABT ABBOTT LABORATORIES COM 1.2%

Value $2.368M (-9.3%) Shares 26,096 (+2.6%) Est. Cost $117.15 Unrealized —

JNJ JOHNSON & JOHNSON COM 1.8%

Value $3.712M (+7.0%) Shares 14,613 (+3.0%) Est. Cost $154.30 Unrealized —

AZO AUTOZONE INC COM 3.4%

Value $6.91M (-2.9%) Shares 2,162 (+2.6%) Est. Cost $2189.10 Unrealized —

STAG STAG INDUSTRIAL INC COM 1.1%

Value $2.144M (+10.5%) Shares 56,342 (+4.7%) Est. Cost $43.04 Unrealized —

SSNC SS&C TECH HLDGS COM 2.4%

Value $4.895M (-4.0%) Shares 78,891 (+4.6%) Est. Cost $69.33 Unrealized —

UL UNILEVER PLC SPON ADR NEW 0.9%

Value $1.814M (+12.4%) Shares 30,172 (+6.5%) Est. Cost $64.66 Unrealized —

GPN GLOBAL PMTS INC COM 0.9%

Value $1.871M (+11.7%) Shares 25,786 (+3.6%) Est. Cost $85.35 Unrealized —

MA MASTERCARD INCORPORATED CL A 1.2%

Value $2.356M (+6.1%) Shares 4,587 (+3.2%) Est. Cost $362.29 Unrealized —

LH LABCORP HOLDINGS INC COM SHS 0.9%

Value $1.806M (+7.0%) Shares 6,451 (+2.0%) Est. Cost $203.71 Unrealized —

PG PROCTER & GAMBLE CO COM 1.2%

Value $2.526M (+4.9%) Shares 17,225 (+3.3%) Est. Cost $138.65 Unrealized —

VBR VANGUARD SMALL CAP VALUE ETF 0.3%

Value $619K (+13.9%) Shares 2,547 (+1.8%) Est. Cost $182.40 Unrealized —

GOOG ALPHABET INC CAP STK CL C 0.2%

Value $317K (+25.0%) Shares 897 (+1.5%) Est. Cost $287.31 Unrealized —

CASH PATHWARD FINANCIAL INC COM 2.5%

Value $4.989M (+0.9%) Shares 57,305 (+3.4%) Est. Cost $78.22 Unrealized —

DIS DISNEY WALT CO COM 0.6%

Value $1.302M (+3.2%) Shares 13,525 (+3.3%) Est. Cost $129.31 Unrealized —

VOOV VANGUARD S&P 500 VALUE ETF 0.1%

Value $287K (+11.4%) Shares 1,307 (+3.6%) Est. Cost $163.03 Unrealized —

WM WASTE MGMT INC DEL COM 1.7%

Value $3.483M (-0.6%) Shares 15,627 (+2.5%) Est. Cost $156.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SFM	SPROUTS FMRS MKT INC COM	64,704 (+96.9%)	$5.473M (+115.9%)	2.7%	$78.38	—	Stock	85208M102
ASML	ASML HLDG NV N Y REGISTRY SHS	3,923 (+2.7%)	$7.805M (+54.7%)	3.8%	$1003.90	—	ADR	N07059210
LLY	ELI LILLY & CO COM	7,823 (+4.0%)	$9.384M (+35.6%)	4.6%	$448.06	—	Stock	532457108
CAT	CATERPILLAR INC COM	6,581 (+1.1%)	$7.009M (+51.9%)	3.4%	$461.72	—	Stock	149123101
AYI	ACUITY INC COM	11,316 (+4.4%)	$4.263M (+40.3%)	2.1%	$229.64	—	Stock	00508Y102
ABBV	ABBVIE INC COM	29,040 (+2.2%)	$7.308M (+18.3%)	3.6%	$117.13	—	Stock	00287Y109
VCSH	VANGUARD SHORT-TERM CORPORATE BOND ETF	65,551 (+18.4%)	$5.181M (+18.0%)	2.5%	$78.85	—	ETF	92206C409
COP	CONOCOPHILLIPS COM	33,994 (+3.9%)	$3.534M (-18.1%)	1.7%	$93.46	—	Stock	20825C104
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF	58,682 (+16.4%)	$4.85M (+16.3%)	2.4%	$82.14	—	ETF	92206C870
VNOM	VIPER ENERGY INC CL A	141,567 (+1.7%)	$6.002M (-8.2%)	2.9%	$39.23	—	Stock	64361Q101
NNI	NELNET INC CL A	53,433 (+4.0%)	$7.124M (+7.6%)	3.5%	$94.48	—	Stock	64031N108
APO	APOLLO GLOBAL MGMT INC COM	48,895 (+2.8%)	$5.785M (+9.1%)	2.8%	$79.60	—	Stock	03769M106
LKQ	LKQ CORP COM	176,772 (+3.9%)	$4.654M (-6.8%)	2.3%	$34.89	—	Stock	501889208
PINE	ALPINE INCOME PPTY TR INC COM	79,412 (+7.5%)	$1.649M (+24.0%)	0.8%	$17.46	—	REIT	02083X103
RPC	RIDGEPOST CAP INC CL A COM	380,685 (+3.2%)	$2.996M (+11.8%)	1.5%	$10.67	—	Stock	69376K106
BN	BROOKFIELD CORP CL A LTD VT SH	95,374 (+3.0%)	$4.062M (+8.4%)	2.0%	$31.00	—	Stock	11271J107
KMB	KIMBERLY-CLARK CORP COM	17,767 (+4.3%)	$1.95M (+18.7%)	1.0%	$110.65	—	Stock	494368103
SIRI	SIRIUSXM HOLDINGS INC COMMON STOCK	38,377 (+4.8%)	$1.134M (+34.1%)	0.6%	$23.86	—	Stock	829933100
AMCR	AMCOR PLC COM NEW	51,859 (+3.8%)	$2.248M (+13.1%)	1.1%	$9.61	—	Stock	G0250X149
PEP	PEPSICO INC COM	17,192 (+3.6%)	$2.328M (-9.7%)	1.1%	$145.71	—	Stock	713448108
MMM	3M CO COM	11,069 (+3.9%)	$1.792M (+15.8%)	0.9%	$121.59	—	Stock	88579Y101
ABT	ABBOTT LABORATORIES COM	26,096 (+2.6%)	$2.368M (-9.3%)	1.2%	$117.15	—	Stock	002824100
JNJ	JOHNSON & JOHNSON COM	14,613 (+3.0%)	$3.712M (+7.0%)	1.8%	$154.30	—	Stock	478160104
AZO	AUTOZONE INC COM	2,162 (+2.6%)	$6.91M (-2.9%)	3.4%	$2189.10	—	Stock	053332102
STAG	STAG INDUSTRIAL INC COM	56,342 (+4.7%)	$2.144M (+10.5%)	1.1%	$43.04	—	REIT	85254J102
SSNC	SS&C TECH HLDGS COM	78,891 (+4.6%)	$4.895M (-4.0%)	2.4%	$69.33	—	Stock	78467J100
UL	UNILEVER PLC SPON ADR NEW	30,172 (+6.5%)	$1.814M (+12.4%)	0.9%	$64.66	—	ADR	904767803
GPN	GLOBAL PMTS INC COM	25,786 (+3.6%)	$1.871M (+11.7%)	0.9%	$85.35	—	Stock	37940X102
MA	MASTERCARD INCORPORATED CL A	4,587 (+3.2%)	$2.356M (+6.1%)	1.2%	$362.29	—	Stock	57636Q104
LH	LABCORP HOLDINGS INC COM SHS	6,451 (+2.0%)	$1.806M (+7.0%)	0.9%	$203.71	—	Stock	504922105
PG	PROCTER & GAMBLE CO COM	17,225 (+3.3%)	$2.526M (+4.9%)	1.2%	$138.65	—	Stock	742718109
VBR	VANGUARD SMALL CAP VALUE ETF	2,547 (+1.8%)	$619K (+13.9%)	0.3%	$182.40	—	ETF	922908611
GOOG	ALPHABET INC CAP STK CL C	897 (+1.5%)	$317K (+25.0%)	0.2%	$287.31	—	Stock	02079K107
CASH	PATHWARD FINANCIAL INC COM	57,305 (+3.4%)	$4.989M (+0.9%)	2.5%	$78.22	—	Stock	59100U108
DIS	DISNEY WALT CO COM	13,525 (+3.3%)	$1.302M (+3.2%)	0.6%	$129.31	—	Stock	254687106
VOOV	VANGUARD S&P 500 VALUE ETF	1,307 (+3.6%)	$287K (+11.4%)	0.1%	$163.03	—	ETF	921932703
WM	WASTE MGMT INC DEL COM	15,627 (+2.5%)	$3.483M (-0.6%)	1.7%	$156.75	—	Stock	94106L109

Exited Positions (1)

PLTR PALANTIR TECHNOLOGIES INC CL A 0.2%

Value $344K Shares 2,351 Est. Cost $117.28 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLTR	PALANTIR TECHNOLOGIES INC CL A	2,351	$344K	0.2%	$117.28	—	—	69608A108

Decreased Positions (17)

STRL STERLING INFRASTRUCTURE INC COM 4.1%

Value $8.434M (-37.8%) Shares 10,048 (-69.8%) Est. Cost $67.06 Unrealized —

VBIL VANGUARD 0-3 MONTH TREASURY BILL ETF 2.0%

Value $4.125M (-29.0%) Shares 54,508 (-29.0%) Est. Cost $75.63 Unrealized —

UTI UNIVERSAL TECHNICAL INST INC COM 3.0%

Value $6.054M (+17.2%) Shares 141,544 (-1.1%) Est. Cost $19.50 Unrealized —

NICE NICE LTD SPONSORED ADR 1.1%

Value $2.185M (-22.7%) Shares 24,054 (-6.1%) Est. Cost $126.89 Unrealized —

NPK NATIONAL PRESTO INDS INC COM 1.4%

Value $2.871M (-15.3%) Shares 22,968 (-7.1%) Est. Cost $85.94 Unrealized —

LMT LOCKHEED MARTIN CORP COM 0.6%

Value $1.273M (-18.0%) Shares 2,499 (-2.6%) Est. Cost $308.96 Unrealized —

WBD WARNER BROS DISCOVERY INC COM SER A 0.8%

Value $1.53M (-10.3%) Shares 57,402 (-7.6%) Est. Cost $14.75 Unrealized —

AAPL APPLE INC COM 0.7%

Value $1.404M (+12.1%) Shares 4,853 (-1.7%) Est. Cost $154.68 Unrealized —

KKR KKR & CO INC COM 1.3%

Value $2.631M (-3.8%) Shares 28,667 (-3.1%) Est. Cost $69.30 Unrealized —

EXP EAGLE MATLS INC COM 0.3%

Value $571K (-14.3%) Shares 2,535 (-27.9%) Est. Cost $222.45 Unrealized —

BR BROADRIDGE FINL SOLUTIONS INC COM 0.1%

Value $254K (-26.8%) Shares 1,854 (-13.2%) Est. Cost $163.68 Unrealized —

FRPH FRP HLDGS INC COM 1.0%

Value $1.948M (-4.4%) Shares 77,953 (-16.3%) Est. Cost $25.42 Unrealized —

NVDA NVIDIA CORPORATION COM 0.3%

Value $551K (+12.6%) Shares 2,754 (-1.9%) Est. Cost $136.92 Unrealized —

AZN ASTRAZENECA PLC ORD 0.1%

Value $264K (-16.5%) Shares 1,392 (-13.1%) Est. Cost $173.09 Unrealized —

MSFT MICROSOFT CORP COM 0.1%

Value $211K (-17.6%) Shares 566 (-18.3%) Est. Cost $314.66 Unrealized —

SCHB SCHWAB U.S. BROAD MARKET ETF 0.5%

Value $1.07M (-3.5%) Shares 36,953 (-16.3%) Est. Cost $43.79 Unrealized —

BSM BLACK STONE MINERALS L P COM UNIT 0.1%

Value $165K (-12.3%) Shares 11,778 (-5.1%) Est. Cost $12.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STRL	STERLING INFRASTRUCTURE INC COM	10,048 (-69.8%)	$8.434M (-37.8%)	4.1%	$67.06	—	Stock	859241101
VBIL	VANGUARD 0-3 MONTH TREASURY BILL ETF	54,508 (-29.0%)	$4.125M (-29.0%)	2.0%	$75.63	—	ETF	922040845
UTI	UNIVERSAL TECHNICAL INST INC COM	141,544 (-1.1%)	$6.054M (+17.2%)	3.0%	$19.50	—	Stock	913915104
NICE	NICE LTD SPONSORED ADR	24,054 (-6.1%)	$2.185M (-22.7%)	1.1%	$126.89	—	ADR	653656108
NPK	NATIONAL PRESTO INDS INC COM	22,968 (-7.1%)	$2.871M (-15.3%)	1.4%	$85.94	—	Stock	637215104
LMT	LOCKHEED MARTIN CORP COM	2,499 (-2.6%)	$1.273M (-18.0%)	0.6%	$308.96	—	Stock	539830109
WBD	WARNER BROS DISCOVERY INC COM SER A	57,402 (-7.6%)	$1.53M (-10.3%)	0.8%	$14.75	—	Stock	934423104
AAPL	APPLE INC COM	4,853 (-1.7%)	$1.404M (+12.1%)	0.7%	$154.68	—	Stock	037833100
KKR	KKR & CO INC COM	28,667 (-3.1%)	$2.631M (-3.8%)	1.3%	$69.30	—	Stock	48251W104
EXP	EAGLE MATLS INC COM	2,535 (-27.9%)	$571K (-14.3%)	0.3%	$222.45	—	Stock	26969P108
BR	BROADRIDGE FINL SOLUTIONS INC COM	1,854 (-13.2%)	$254K (-26.8%)	0.1%	$163.68	—	Stock	11133T103
FRPH	FRP HLDGS INC COM	77,953 (-16.3%)	$1.948M (-4.4%)	1.0%	$25.42	—	Stock	30292L107
NVDA	NVIDIA CORPORATION COM	2,754 (-1.9%)	$551K (+12.6%)	0.3%	$136.92	—	Stock	67066G104
AZN	ASTRAZENECA PLC ORD	1,392 (-13.1%)	$264K (-16.5%)	0.1%	$173.09	—	ADR	G0593M107
MSFT	MICROSOFT CORP COM	566 (-18.3%)	$211K (-17.6%)	0.1%	$314.66	—	Stock	594918104
SCHB	SCHWAB U.S. BROAD MARKET ETF	36,953 (-16.3%)	$1.07M (-3.5%)	0.5%	$43.79	—	ETF	808524102
BSM	BLACK STONE MINERALS L P COM UNIT	11,778 (-5.1%)	$165K (-12.3%)	0.1%	$12.10	—	Stock	09225M101

Unchanged Positions (6)

ANET ARISTA NETWORKS INC COM SHS 5.7%

Value $11.58M Shares 68,153 Est. Cost $103.41 Unrealized —

OXY OCCIDENTAL PETE CORP COM 2.6%

Value $5.231M Shares 107,695 Est. Cost $45.73 Unrealized —

PSX PHILLIPS 66 COM 0.3%

Value $647K Shares 3,828 Est. Cost $65.50 Unrealized —

SCHD SCHWAB US DIVIDEND EQUITY ETF 0.6%

Value $1.217M Shares 38,380 Est. Cost $29.74 Unrealized —

VTV VANGUARD VALUE ETF 0.2%

Value $376K Shares 1,724 Est. Cost $190.99 Unrealized —

GRMN GARMIN LTD SHS 0.1%

Value $292K Shares 1,230 Est. Cost $130.90 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ANET	ARISTA NETWORKS INC COM SHS	68,153	$11.58M	5.7%	$103.41	—	Stock	040413205
OXY	OCCIDENTAL PETE CORP COM	107,695	$5.231M	2.6%	$45.73	—	Stock	674599105
PSX	PHILLIPS 66 COM	3,828	$647K	0.3%	$65.50	—	Stock	718546104
SCHD	SCHWAB US DIVIDEND EQUITY ETF	38,380	$1.217M	0.6%	$29.74	—	ETF	808524797
VTV	VANGUARD VALUE ETF	1,724	$376K	0.2%	$190.99	—	ETF	922908744
GRMN	GARMIN LTD SHS	1,230	$292K	0.1%	$130.90	—	Stock	H2906T109