Trail Ridge Investment Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EMXC	ISHARES INC	242,538 (+6.5%)	$17,628 (+14.6%)	7.6%	$55.45	—	MSCI EMRG CHN	46434G764
VNLA	JANUS DETROIT STR TR	333,038 (+16.2%)	$16,366 (+15.8%)	7.0%	$48.98	—	HENDRSN SHRT ETF	47103U886
GSIE	GOLDMAN SACHS ETF TR	505,853 (+6.0%)	$21,721 (+10.7%)	9.3%	$33.30	—	ACTIVEBETA INT	381430107
GOOG	ALPHABET INC	28,554 (+1.3%)	$8,960 (+30.5%)	3.9%	$118.28	+142.1%	CAP STK CL C	02079K107
AAPL	APPLE INC	54,081 (+1.3%)	$14,702 (+8.1%)	6.3%	$156.44	+71.5%	COM	037833100
MSFT	MICROSOFT CORP	22,333 (+1.0%)	$10,801 (-5.7%)	4.6%	$316.53	+58.1%	COM	594918104
IVV	ISHARES TR	17,643 (+1.9%)	$12,085 (+4.3%)	5.2%	$495.86	—	CORE S&P500 ETF	464287200
LLY	ELI LILLY & CO	1,389 (+1.0%)	$1,493 (+42.3%)	0.6%	$665.05	+43.7%	COM	532457108
CAH	CARDINAL HEALTH INC	7,340 (+7.7%)	$1,508 (+41.0%)	0.6%	$89.55	+109.6%	COM	14149Y108
ATGE	ADTALEM GLOBAL ED INC	9,043 (+5.0%)	$936 (-29.7%)	0.4%	$60.35	+89.7%	COM	00737L103
XLK	SELECT SECTOR SPDR TR	3,046 (+4.2%)	$439 (-46.8%)	0.2%	$238.98	—	STATE STREET TEC	81369Y803
AMZN	AMAZON COM INC	20,352 (+2.9%)	$4,698 (+8.2%)	2.0%	$126.16	+81.3%	COM	023135106
GOOGL	ALPHABET INC	4,777 (+1.1%)	$1,495 (+30.2%)	0.6%	$116.90	+144.3%	CAP STK CL A	02079K305
GVI	ISHARES TR	47,750 (+6.3%)	$5,126 (+6.2%)	2.2%	$106.59	—	INTRM GOV CR ETF	464288612
MAMA	MAMAS CREATIONS INC	78,680 (+4.3%)	$1,061 (+33.8%)	0.5%	$5.52	+108.1%	COM	56146T103
UTHR	UNITED THERAPEUTICS CORP DEL	2,482 (+10.0%)	$1,209 (+27.9%)	0.5%	$265.96	+75.1%	COM	91307C102
HD	HOME DEPOT INC	4,199 (+2.1%)	$1,445 (-13.3%)	0.6%	$344.01	+6.0%	COM	437076102
SLQD	ISHARES TR	80,396 (+5.8%)	$4,076 (+5.5%)	1.8%	$49.40	—	0-5YR INVT GR CP	46434V100
IVE	ISHARES TR	15,249 (+4.0%)	$3,234 (+6.8%)	1.4%	$158.32	—	S&P 500 VAL ETF	464287408
IJJ	ISHARES TR	32,636 (+3.3%)	$4,295 (+4.8%)	1.8%	$112.65	—	S&P MC 400VL ETF	464287705
IJK	ISHARES TR	38,620 (+3.7%)	$3,741 (+4.8%)	1.6%	$84.65	—	S&P MC 400GR ETF	464287606
JBL	JABIL INC	6,848 (+6.7%)	$1,561 (+12.1%)	0.7%	$80.09	+166.3%	COM	466313103
SANM	SANMINA CORPORATION	3,585 (+9.8%)	$538 (+43.2%)	0.2%	$88.13	+67.5%	COM	801056102
FIDU	FIDELITY COVINGTON TRUST	17,175 (+11.8%)	$1,417 (+12.6%)	0.6%	$58.50	—	MSCI INDL INDX	316092709
JNJ	JOHNSON & JOHNSON	6,459 (+1.3%)	$1,337 (+13.1%)	0.6%	$149.11	+32.1%	COM	478160104
FSS	FEDERAL SIGNAL CORP	20,574 (+2.6%)	$2,234 (-6.3%)	1.0%	$44.46	+157.3%	COM	313855108
CACI	CACI INTL INC	2,167 (+7.7%)	$1,155 (+15.0%)	0.5%	$319.98	+76.6%	CL A	127190304
ALLY	ALLY FINL INC	14,875 (+8.2%)	$674 (+25.1%)	0.3%	$32.89	+24.0%	COM	02005N100
AVGO	BROADCOM INC	5,010 (+3.2%)	$1,734 (+8.3%)	0.7%	$164.95	+116.4%	COM	11135F101
NVDA	NVIDIA CORPORATION	38,336 (+1.9%)	$7,150 (+1.9%)	3.1%	$97.18	+91.5%	COM	67066G104
FENY	FIDELITY COVINGTON TRUST	109,204 (+4.0%)	$2,705 (+4.3%)	1.2%	$23.20	—	MSCI ENERGY IDX	316092402
HCSG	HEALTHCARE SVCS GROUP INC	26,615 (+9.5%)	$509 (+24.4%)	0.2%	$11.81	+52.3%	COM	421906108
JPM	JPMORGAN CHASE & CO.	8,742 (+1.1%)	$2,817 (+3.3%)	1.2%	$151.84	+103.9%	COM	46625H100
FMAT	FIDELITY COVINGTON TRUST	20,801 (+6.9%)	$1,105 (+8.3%)	0.5%	$49.53	—	MSCI MATLS INDEX	316092881
CW	CURTISS WRIGHT CORP	1,482 (+9.0%)	$817 (+10.6%)	0.4%	$244.74	+127.9%	COM	231561101
IJT	ISHARES TR	21,423 (+2.7%)	$3,024 (+2.5%)	1.3%	$136.70	—	S&P SML 600 GWT	464287887
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,639 (+3.2%)	$2,332 (+3.2%)	1.0%	$299.19	+66.3%	CL B NEW	084670702
RSP	INVESCO EXCHANGE TRADED FD T	8,258 (+3.2%)	$1,582 (+4.2%)	0.7%	$171.61	—	S&P500 EQL WGT	46137V357
SPSB	SPDR SERIES TRUST	22,326 (+8.6%)	$674 (+8.3%)	0.3%	$29.54	—	STATE STREET SPD	78464A474
NFLX	NETFLIX INC	2,147 (+932.2%)	$201 (-19.3%)	0.1%	$108.36	-0.5%	COM	64110L106
VOYA	VOYA FINANCIAL INC	8,946 (+7.6%)	$666 (+7.1%)	0.3%	$62.55	+16.0%	COM	929089100
WMT	WALMART INC	3,611 (+3.1%)	$402 (+11.5%)	0.2%	$61.61	+74.0%	COM	931142103
BAC	BANK AMERICA CORP	5,376 (+8.1%)	$296 (+15.3%)	0.1%	$38.34	+37.4%	COM	060505104
GGG	GRACO INC	6,882 (+10.7%)	$564 (+6.8%)	0.2%	$74.52	+10.0%	COM	384109104
FUTY	FIDELITY COVINGTON TRUST	8,736 (+9.4%)	$482 (+6.9%)	0.2%	$46.08	—	MSCI UTILS INDEX	316092865
V	VISA INC	1,792 (+2.1%)	$628 (+4.8%)	0.3%	$221.99	+53.3%	COM CL A	92826C839
EG	EVEREST GROUP LTD	1,345 (+8.8%)	$456 (+5.4%)	0.2%	$293.83	+12.4%	COM	G3223R108
PGR	PROGRESSIVE CORP	3,134 (+6.4%)	$714 (-1.9%)	0.3%	$106.06	+100.2%	COM	743315103
POST	POST HLDGS INC	7,542 (+6.8%)	$747 (-1.6%)	0.3%	$81.42	+27.2%	COM	737446104
PBI	PITNEY BOWES INC	23,584 (+12.9%)	$249 (+4.6%)	0.1%	$9.32	+11.3%	COM	724479100
TOL	TOLL BROTHERS INC	25,899 (+1.9%)	$3,502 (-0.2%)	1.5%	$66.37	+104.5%	COM	889478103
MCD	MCDONALDS CORP	1,271 (+1.2%)	$388 (+1.8%)	0.2%	$240.88	+26.7%	COM	580135101
CMCSA	COMCAST CORP NEW	9,024 (+4.0%)	$270 (-1.1%)	0.1%	$44.01	-35.2%	CL A	20030N101
VZ	VERIZON COMMUNICATIONS INC	9,398 (+8.3%)	$383 (+0.4%)	0.2%	$39.88	+1.5%	COM	92343V104
ABBV	ABBVIE INC	2,115 (+1.2%)	$483 (-0.1%)	0.2%	$161.51	+40.9%	COM	00287Y109

Exited Positions (6)

PEP PEPSICO INC 0.1%

Value ($000) $307 Shares 2,187 Est. Cost $140.43 Unrealized +3.9%

— SOUTHSTATE CORPORATION 0.1%

Value ($000) $273 Shares 2,762 Est. Cost $92.82 Unrealized —

AFL AFLAC INC 0.1%

Value ($000) $239 Shares 2,139 Est. Cost $98.75 Unrealized +11.2%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $235 Shares 2,943 Est. Cost $84.64 Unrealized -7.5%

QUAL ISHARES TR 0.1%

Value ($000) $223 Shares 1,146 Est. Cost $172.14 Unrealized —

ED CONSOLIDATED EDISON INC 0.1%

Value ($000) $201 Shares 2,000 Est. Cost $95.23 Unrealized +3.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PEP	PEPSICO INC	2,187	$307	0.1%	$140.43	+3.9%	—	713448108
—	SOUTHSTATE CORPORATION	2,762	$273	0.1%	$92.82	—	—	840441109
AFL	AFLAC INC	2,139	$239	0.1%	$98.75	+11.2%	—	001055102
CL	COLGATE PALMOLIVE CO	2,943	$235	0.1%	$84.64	-7.5%	—	194162103
QUAL	ISHARES TR	1,146	$223	0.1%	$172.14	—	—	46432F339
ED	CONSOLIDATED EDISON INC	2,000	$201	0.1%	$95.23	+3.7%	—	209115104

Decreased Positions (13)

BUFR FIRST TR EXCHNG TRADED FD VI 1.3%

Value ($000) $2,973 (-30.3%) Shares 86,781 (-32.0%) Est. Cost $25.79 Unrealized —

LRN STRIDE INC 0.1%

Value ($000) $313 (-61.4%) Shares 4,824 (-11.6%) Est. Cost $83.54 Unrealized +8.7%

PSTG PURE STORAGE INC 0.3%

Value ($000) $664 (-36.2%) Shares 9,907 (-20.2%) Est. Cost $37.81 Unrealized +120.9%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $451 (-33.2%) Shares 3,745 (-37.4%) Est. Cost $74.21 Unrealized +55.6%

AMT AMERICAN TOWER CORP NEW 0.4%

Value ($000) $940 (-10.4%) Shares 5,356 (-1.8%) Est. Cost $238.72 Unrealized -24.5%

UNP UNION PAC CORP 0.5%

Value ($000) $1,122 (-6.9%) Shares 4,851 (-4.9%) Est. Cost $215.41 Unrealized +5.5%

HRMY HARMONY BIOSCIENCES HLDGS IN 0.1%

Value ($000) $311 (+27.6%) Shares 8,309 (-6.0%) Est. Cost $32.26 Unrealized +1.9%

MDY SPDR S&P MIDCAP 400 ETF TR 0.2%

Value ($000) $361 (-14.6%) Shares 599 (-15.6%) Est. Cost $527.69 Unrealized —

IWP ISHARES TR 0.3%

Value ($000) $588 (-7.0%) Shares 4,293 (-3.3%) Est. Cost $81.36 Unrealized —

SPYM SPDR SERIES TRUST 0.1%

Value ($000) $281 (-11.1%) Shares 3,501 (-13.2%) Est. Cost $63.06 Unrealized —

DYNF BLACKROCK ETF TRUST 0.1%

Value ($000) $228 (-10.7%) Shares 3,744 (-13.0%) Est. Cost $59.20 Unrealized —

IVW ISHARES TR 0.2%

Value ($000) $472 (-3.4%) Shares 3,827 (-5.4%) Est. Cost $94.87 Unrealized —

IJS ISHARES TR 0.2%

Value ($000) $494 (+1.7%) Shares 4,343 (-1.1%) Est. Cost $98.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BUFR	FIRST TR EXCHNG TRADED FD VI	86,781 (-32.0%)	$2,973 (-30.3%)	1.3%	$25.79	—	FT VEST LADDERED	33740F755
LRN	STRIDE INC	4,824 (-11.6%)	$313 (-61.4%)	0.1%	$83.54	+8.7%	COM	86333M108
PSTG	PURE STORAGE INC	9,907 (-20.2%)	$664 (-36.2%)	0.3%	$37.81	+120.9%	CL A	74624M102
XOM	EXXON MOBIL CORP	3,745 (-37.4%)	$451 (-33.2%)	0.2%	$74.21	+55.6%	COM	30231G102
AMT	AMERICAN TOWER CORP NEW	5,356 (-1.8%)	$940 (-10.4%)	0.4%	$238.72	-24.5%	COM	03027X100
UNP	UNION PAC CORP	4,851 (-4.9%)	$1,122 (-6.9%)	0.5%	$215.41	+5.5%	COM	907818108
HRMY	HARMONY BIOSCIENCES HLDGS IN	8,309 (-6.0%)	$311 (+27.6%)	0.1%	$32.26	+1.9%	COM	413197104
MDY	SPDR S&P MIDCAP 400 ETF TR	599 (-15.6%)	$361 (-14.6%)	0.2%	$527.69	—	UTSER1 S&PDCRP	78467Y107
IWP	ISHARES TR	4,293 (-3.3%)	$588 (-7.0%)	0.3%	$81.36	—	RUS MD CP GR ETF	464287481
SPYM	SPDR SERIES TRUST	3,501 (-13.2%)	$281 (-11.1%)	0.1%	$63.06	—	STATE STREET SPD	78464A854
DYNF	BLACKROCK ETF TRUST	3,744 (-13.0%)	$228 (-10.7%)	0.1%	$59.20	—	ISHARES US EQUIT	09290C103
IVW	ISHARES TR	3,827 (-5.4%)	$472 (-3.4%)	0.2%	$94.87	—	S&P 500 GRWT ETF	464287309
IJS	ISHARES TR	4,343 (-1.1%)	$494 (+1.7%)	0.2%	$98.81	—	SP SMCP600VL ETF	464287879

Unchanged Positions (34)

ETN EATON CORP PLC 1.5%

Value ($000) $3,537 Shares 11,106 Est. Cost $155.46 Unrealized +128.0%

TMO THERMO FISHER SCIENTIFIC INC 0.9%

Value ($000) $2,167 Shares 3,739 Est. Cost $611.07 Unrealized -7.5%

COST COSTCO WHSL CORP NEW 2.0%

Value ($000) $4,687 Shares 5,435 Est. Cost $487.42 Unrealized +85.8%

PHM PULTE GROUP INC 0.8%

Value ($000) $1,959 Shares 16,705 Est. Cost $49.26 Unrealized +148.6%

BLK BLACKROCK INC 1.0%

Value ($000) $2,318 Shares 2,166 Est. Cost $991.05 Unrealized +9.9%

CB CHUBB LIMITED 0.8%

Value ($000) $1,914 Shares 6,133 Est. Cost $179.86 Unrealized +62.6%

ROP ROPER TECHNOLOGIES INC 0.6%

Value ($000) $1,297 Shares 2,913 Est. Cost $463.97 Unrealized -0.4%

COO COOPER COS INC 0.4%

Value ($000) $861 Shares 10,500 Est. Cost $96.75 Unrealized -22.6%

MRK MERCK & CO INC 0.3%

Value ($000) $589 Shares 5,600 Est. Cost $74.92 Unrealized +24.4%

NEE NEXTERA ENERGY INC 0.7%

Value ($000) $1,639 Shares 20,418 Est. Cost $75.28 Unrealized +9.6%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.2%

Value ($000) $515 Shares 6,200 Est. Cost $75.26 Unrealized -0.8%

OEF ISHARES TR 1.1%

Value ($000) $2,577 Shares 7,514 Est. Cost $279.48 Unrealized —

BIIB BIOGEN INC 0.1%

Value ($000) $318 Shares 1,807 Est. Cost $252.59 Unrealized -35.3%

CHD CHURCH & DWIGHT CO INC 0.6%

Value ($000) $1,310 Shares 15,626 Est. Cost $86.37 Unrealized -1.3%

EFA ISHARES TR 0.8%

Value ($000) $1,937 Shares 20,172 Est. Cost $87.52 Unrealized —

SPY SPDR S&P 500 ETF TR 0.9%

Value ($000) $2,015 Shares 2,955 Est. Cost $426.14 Unrealized —

PG PROCTER AND GAMBLE CO 0.3%

Value ($000) $646 Shares 4,510 Est. Cost $135.26 Unrealized +8.8%

MA MASTERCARD INCORPORATED 1.4%

Value ($000) $3,171 Shares 5,554 Est. Cost $338.95 Unrealized +64.9%

META META PLATFORMS INC 0.1%

Value ($000) $209 Shares 317 Est. Cost $621.81 Unrealized +7.3%

KO COCA COLA CO 0.2%

Value ($000) $360 Shares 5,143 Est. Cost $54.42 Unrealized +27.5%

EEM ISHARES TR 0.3%

Value ($000) $778 Shares 14,226 Est. Cost $48.77 Unrealized —

BKNG BOOKING HOLDINGS INC 0.9%

Value ($000) $2,051 Shares 383 Est. Cost $2332.00 Unrealized +120.3%

ABT ABBOTT LABS 0.1%

Value ($000) $239 Shares 1,904 Est. Cost $130.61 Unrealized -2.5%

VTV VANGUARD INDEX FDS 0.3%

Value ($000) $762 Shares 3,989 Est. Cost $143.22 Unrealized —

SSB SOUTHSTATE BK CORP 0.1%

Value ($000) $260 Shares 2,762 Est. Cost $96.71 Unrealized -5.0%

ADBE ADOBE INC 0.6%

Value ($000) $1,457 Shares 4,163 Est. Cost $613.06 Unrealized -44.5%

FDS FACTSET RESH SYS INC 0.3%

Value ($000) $638 Shares 2,200 Est. Cost $431.08 Unrealized -35.0%

QCOM QUALCOMM INC 0.1%

Value ($000) $259 Shares 1,517 Est. Cost $119.48 Unrealized +43.0%

BSX BOSTON SCIENTIFIC CORP 0.1%

Value ($000) $202 Shares 2,122 Est. Cost $103.56 Unrealized -5.3%

IWO ISHARES TR 0.1%

Value ($000) $203 Shares 630 Est. Cost $320.04 Unrealized —

IVOV VANGUARD ADMIRAL FDS INC 0.2%

Value ($000) $463 Shares 4,588 Est. Cost $108.90 Unrealized —

IJR ISHARES TR 0.1%

Value ($000) $336 Shares 2,798 Est. Cost $112.20 Unrealized —

IWR ISHARES TR 0.1%

Value ($000) $254 Shares 2,643 Est. Cost $83.31 Unrealized —

MDYG SPDR SERIES TRUST 0.1%

Value ($000) $322 Shares 3,483 Est. Cost $67.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON CORP PLC	11,106	$3,537	1.5%	$155.46	+128.0%	SHS	G29183103
TMO	THERMO FISHER SCIENTIFIC INC	3,739	$2,167	0.9%	$611.07	-7.5%	COM	883556102
COST	COSTCO WHSL CORP NEW	5,435	$4,687	2.0%	$487.42	+85.8%	COM	22160K105
PHM	PULTE GROUP INC	16,705	$1,959	0.8%	$49.26	+148.6%	COM	745867101
BLK	BLACKROCK INC	2,166	$2,318	1.0%	$991.05	+9.9%	COM	09290D101
CB	CHUBB LIMITED	6,133	$1,914	0.8%	$179.86	+62.6%	COM	H1467J104
ROP	ROPER TECHNOLOGIES INC	2,913	$1,297	0.6%	$463.97	-0.4%	COM	776696106
COO	COOPER COS INC	10,500	$861	0.4%	$96.75	-22.6%	COM	216648501
MRK	MERCK & CO INC	5,600	$589	0.3%	$74.92	+24.4%	COM	58933Y105
NEE	NEXTERA ENERGY INC	20,418	$1,639	0.7%	$75.28	+9.6%	COM	65339F101
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	6,200	$515	0.2%	$75.26	-0.8%	CL A	192446102
OEF	ISHARES TR	7,514	$2,577	1.1%	$279.48	—	S&P 100 ETF	464287101
BIIB	BIOGEN INC	1,807	$318	0.1%	$252.59	-35.3%	COM	09062X103
CHD	CHURCH & DWIGHT CO INC	15,626	$1,310	0.6%	$86.37	-1.3%	COM	171340102
EFA	ISHARES TR	20,172	$1,937	0.8%	$87.52	—	MSCI EAFE ETF	464287465
SPY	SPDR S&P 500 ETF TR	2,955	$2,015	0.9%	$426.14	—	TR UNIT	78462F103
PG	PROCTER AND GAMBLE CO	4,510	$646	0.3%	$135.26	+8.8%	COM	742718109
MA	MASTERCARD INCORPORATED	5,554	$3,171	1.4%	$338.95	+64.9%	CL A	57636Q104
META	META PLATFORMS INC	317	$209	0.1%	$621.81	+7.3%	CL A	30303M102
KO	COCA COLA CO	5,143	$360	0.2%	$54.42	+27.5%	COM	191216100
EEM	ISHARES TR	14,226	$778	0.3%	$48.77	—	MSCI EMG MKT ETF	464287234
BKNG	BOOKING HOLDINGS INC	383	$2,051	0.9%	$2332.00	+120.3%	COM	09857L108
ABT	ABBOTT LABS	1,904	$239	0.1%	$130.61	-2.5%	COM	002824100
VTV	VANGUARD INDEX FDS	3,989	$762	0.3%	$143.22	—	VALUE ETF	922908744
SSB	SOUTHSTATE BK CORP	2,762	$260	0.1%	$96.71	-5.0%	COM	84472E102
ADBE	ADOBE INC	4,163	$1,457	0.6%	$613.06	-44.5%	COM	00724F101
FDS	FACTSET RESH SYS INC	2,200	$638	0.3%	$431.08	-35.0%	COM	303075105
QCOM	QUALCOMM INC	1,517	$259	0.1%	$119.48	+43.0%	COM	747525103
BSX	BOSTON SCIENTIFIC CORP	2,122	$202	0.1%	$103.56	-5.3%	COM	101137107
IWO	ISHARES TR	630	$203	0.1%	$320.04	—	RUS 2000 GRW ETF	464287648
IVOV	VANGUARD ADMIRAL FDS INC	4,588	$463	0.2%	$108.90	—	MIDCP 400 VAL	921932844
IJR	ISHARES TR	2,798	$336	0.1%	$112.20	—	CORE S&P SCP ETF	464287804
IWR	ISHARES TR	2,643	$254	0.1%	$83.31	—	RUS MID CAP ETF	464287499
MDYG	SPDR SERIES TRUST	3,483	$322	0.1%	$67.91	—	STATE STREET SPD	78464A821