TCM Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	4,133,600 (+46.4%)	$1,017,527 (+48.9%)	77.6%	$226.98	—	CALL	464287655
DIA	SPDR DOW JONES INDL AVERAGE	357,000 (+10.3%)	$171,563 (+14.3%)	13.1%	$429.19	—	CALL	78467X109
BIL	SPDR SERIES TRUST	120,284 (+8.0%)	$10,992 (+7.6%)	0.8%	$91.71	—	STATE STREET SPD	78468R663
IBIT	ISHARES BITCOIN TRUST ETF	26,567 (+5.8%)	$1,319 (-19.2%)	0.1%	$47.25	—	SHS BEN INT	46438F101
CBRL	CRACKER BARREL OLD CTRY STOR	10,718 (+18.9%)	$272 (-31.5%)	0.0%	$79.49	-60.1%	COM	22410J106
OMAH	TIDAL TRUST III	38,031 (+17.6%)	$713 (+14.5%)	0.1%	$19.18	—	VISTASHARES TRGT	45259A514
IP	INTERNATIONAL PAPER CO	15,900 (+6.0%)	$626 (-10.0%)	0.0%	$38.43	+6.3%	COM	460146103
PAYX	PAYCHEX INC	5,242 (+1.9%)	$588 (-9.8%)	0.0%	$109.62	+6.3%	COM	704326107
NKE	NIKE INC	11,218 (+1.8%)	$715 (-7.0%)	0.1%	$106.18	-38.9%	CL B	654106103
HRB	BLOCK H & R INC	9,000 (+21.6%)	$392 (+4.8%)	0.0%	$36.07	+28.7%	COM	093671105
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	1,800 (+20.0%)	$437 (-1.9%)	0.0%	$332.05	-19.5%	CL A	989207105

Decreased Positions (34)

TLT ISHARES TR 1.0%

Value ($000) $13,694 (-3.8%) Shares 157,112 (-1.4%) Est. Cost $122.25 Unrealized —

AEO AMERICAN EAGLE OUTFITTERS IN 0.1%

Value ($000) $1,082 (+52.4%) Shares 41,050 (-1.1%) Est. Cost $12.48 Unrealized +57.5%

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $981 (+25.0%) Shares 19,318 (-3.5%) Est. Cost $33.48 Unrealized +29.4%

FAST FASTENAL CO 0.1%

Value ($000) $674 (-22.3%) Shares 16,800 (-5.1%) Est. Cost $32.68 Unrealized +28.6%

CMI CUMMINS INC 0.1%

Value ($000) $1,531 (+13.3%) Shares 3,000 (-6.3%) Est. Cost $210.09 Unrealized +122.0%

T AT&T INC 0.1%

Value ($000) $848 (-13.8%) Shares 34,136 (-2.0%) Est. Cost $14.97 Unrealized +69.0%

DHI D R HORTON INC 0.0%

Value ($000) $621 (-16.9%) Shares 4,309 (-2.3%) Est. Cost $94.97 Unrealized +60.1%

UPS UNITED PARCEL SERVICE INC 0.1%

Value ($000) $795 (+17.3%) Shares 8,018 (-1.2%) Est. Cost $121.65 Unrealized -23.8%

QQQ INVESCO QQQ TR 2.6%

Value ($000) $34,122 (+0.3%) Shares 55,545 (-2.0%) Est. Cost $391.62 Unrealized —

DAL DELTA AIR LINES INC DEL 0.1%

Value ($000) $727 (+17.5%) Shares 10,475 (-3.9%) Est. Cost $33.59 Unrealized +85.9%

UNH UNITEDHEALTH GROUP INC 0.1%

Value ($000) $709 (-12.5%) Shares 2,149 (-8.5%) Est. Cost $423.93 Unrealized -20.5%

LMT LOCKHEED MARTIN CORP 0.1%

Value ($000) $1,274 (-6.7%) Shares 2,633 (-3.7%) Est. Cost $333.53 Unrealized +42.8%

CSCO CISCO SYS INC 0.1%

Value ($000) $1,059 (+7.9%) Shares 13,742 (-4.2%) Est. Cost $49.05 Unrealized +50.4%

LOW LOWES COS INC 0.1%

Value ($000) $1,152 (-6.0%) Shares 4,776 (-2.1%) Est. Cost $219.41 Unrealized +9.3%

SCI SERVICE CORP INTL 0.1%

Value ($000) $789 (-8.1%) Shares 10,118 (-1.9%) Est. Cost $66.44 Unrealized +20.4%

HAS HASBRO INC 0.1%

Value ($000) $1,117 (+6.5%) Shares 13,618 (-1.4%) Est. Cost $71.28 Unrealized +9.5%

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $517 (-9.8%) Shares 2,100 (-4.5%) Est. Cost $210.02 Unrealized +17.9%

ABBV ABBVIE INC 0.1%

Value ($000) $663 (-7.7%) Shares 2,900 (-6.5%) Est. Cost $182.67 Unrealized +24.6%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $892 (-5.6%) Shares 15,518 (-1.9%) Est. Cost $57.89 Unrealized +2.8%

MET METLIFE INC 0.1%

Value ($000) $750 (-6.1%) Shares 9,500 (-2.1%) Est. Cost $56.09 Unrealized +40.7%

KO COCA COLA CO 0.1%

Value ($000) $1,152 (+4.1%) Shares 16,483 (-1.2%) Est. Cost $49.77 Unrealized +39.4%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $1,115 (-3.2%) Shares 7,318 (-1.3%) Est. Cost $100.47 Unrealized +50.7%

PFE PFIZER INC 0.1%

Value ($000) $841 (-3.4%) Shares 33,790 (-1.2%) Est. Cost $35.78 Unrealized -30.0%

MCD MCDONALDS CORP 0.0%

Value ($000) $642 (-4.0%) Shares 2,100 (-4.5%) Est. Cost $236.54 Unrealized +29.0%

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $628 (-3.6%) Shares 3,918 (-2.5%) Est. Cost $77.19 Unrealized +99.0%

RS RELIANCE INC 0.1%

Value ($000) $1,415 (-1.2%) Shares 4,900 (-3.9%) Est. Cost $166.77 Unrealized +68.5%

ETR ENTERGY CORP NEW 0.1%

Value ($000) $712 (-2.1%) Shares 7,700 (-1.3%) Est. Cost $55.83 Unrealized +69.3%

TROW PRICE T ROWE GROUP INC 0.1%

Value ($000) $862 (-1.4%) Shares 8,418 (-1.2%) Est. Cost $125.57 Unrealized -18.6%

MDT MEDTRONIC PLC 0.1%

Value ($000) $1,010 (-1.0%) Shares 10,518 (-1.9%) Est. Cost $93.73 Unrealized +3.6%

WMT WALMART INC 0.1%

Value ($000) $958 (+1.1%) Shares 8,600 (-6.5%) Est. Cost $52.15 Unrealized +105.5%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $800 (+1.2%) Shares 2,700 (-3.6%) Est. Cost $109.00 Unrealized +174.1%

V VISA INC 0.1%

Value ($000) $1,077 (-0.5%) Shares 3,072 (-3.2%) Est. Cost $213.59 Unrealized +59.4%

R RYDER SYS INC 0.1%

Value ($000) $1,053 (-0.4%) Shares 5,500 (-1.8%) Est. Cost $84.16 Unrealized +113.5%

EMN EASTMAN CHEM CO 0.0%

Value ($000) $582 (+0.1%) Shares 9,118 (-1.1%) Est. Cost $85.48 Unrealized -28.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	157,112 (-1.4%)	$13,694 (-3.8%)	1.0%	$122.25	—	20 YR TR BD ETF	464287432
AEO	AMERICAN EAGLE OUTFITTERS IN	41,050 (-1.1%)	$1,082 (+52.4%)	0.1%	$12.48	+57.5%	COM	02553E106
FCX	FREEPORT-MCMORAN INC	19,318 (-3.5%)	$981 (+25.0%)	0.1%	$33.48	+29.4%	CL B	35671D857
FAST	FASTENAL CO	16,800 (-5.1%)	$674 (-22.3%)	0.1%	$32.68	+28.6%	COM	311900104
CMI	CUMMINS INC	3,000 (-6.3%)	$1,531 (+13.3%)	0.1%	$210.09	+122.0%	COM	231021106
T	AT&T INC	34,136 (-2.0%)	$848 (-13.8%)	0.1%	$14.97	+69.0%	COM	00206R102
DHI	D R HORTON INC	4,309 (-2.3%)	$621 (-16.9%)	0.0%	$94.97	+60.1%	COM	23331A109
UPS	UNITED PARCEL SERVICE INC	8,018 (-1.2%)	$795 (+17.3%)	0.1%	$121.65	-23.8%	CL B	911312106
QQQ	INVESCO QQQ TR	55,545 (-2.0%)	$34,122 (+0.3%)	2.6%	$391.62	—	UNIT SER 1	46090E103
DAL	DELTA AIR LINES INC DEL	10,475 (-3.9%)	$727 (+17.5%)	0.1%	$33.59	+85.9%	COM NEW	247361702
UNH	UNITEDHEALTH GROUP INC	2,149 (-8.5%)	$709 (-12.5%)	0.1%	$423.93	-20.5%	COM	91324P102
LMT	LOCKHEED MARTIN CORP	2,633 (-3.7%)	$1,274 (-6.7%)	0.1%	$333.53	+42.8%	COM	539830109
CSCO	CISCO SYS INC	13,742 (-4.2%)	$1,059 (+7.9%)	0.1%	$49.05	+50.4%	COM	17275R102
LOW	LOWES COS INC	4,776 (-2.1%)	$1,152 (-6.0%)	0.1%	$219.41	+9.3%	COM	548661107
SCI	SERVICE CORP INTL	10,118 (-1.9%)	$789 (-8.1%)	0.1%	$66.44	+20.4%	COM	817565104
HAS	HASBRO INC	13,618 (-1.4%)	$1,117 (+6.5%)	0.1%	$71.28	+9.5%	COM	418056107
ITW	ILLINOIS TOOL WKS INC	2,100 (-4.5%)	$517 (-9.8%)	0.0%	$210.02	+17.9%	COM	452308109
ABBV	ABBVIE INC	2,900 (-6.5%)	$663 (-7.7%)	0.1%	$182.67	+24.6%	COM	00287Y109
ADM	ARCHER DANIELS MIDLAND CO	15,518 (-1.9%)	$892 (-5.6%)	0.1%	$57.89	+2.8%	COM	039483102
MET	METLIFE INC	9,500 (-2.1%)	$750 (-6.1%)	0.1%	$56.09	+40.7%	COM	59156R108
KO	COCA COLA CO	16,483 (-1.2%)	$1,152 (+4.1%)	0.1%	$49.77	+39.4%	COM	191216100
CVX	CHEVRON CORP NEW	7,318 (-1.3%)	$1,115 (-3.2%)	0.1%	$100.47	+50.7%	COM	166764100
PFE	PFIZER INC	33,790 (-1.2%)	$841 (-3.4%)	0.1%	$35.78	-30.0%	COM	717081103
MCD	MCDONALDS CORP	2,100 (-4.5%)	$642 (-4.0%)	0.0%	$236.54	+29.0%	COM	580135101
PM	PHILIP MORRIS INTL INC	3,918 (-2.5%)	$628 (-3.6%)	0.0%	$77.19	+99.0%	COM	718172109
RS	RELIANCE INC	4,900 (-3.9%)	$1,415 (-1.2%)	0.1%	$166.77	+68.5%	COM	759509102
ETR	ENTERGY CORP NEW	7,700 (-1.3%)	$712 (-2.1%)	0.1%	$55.83	+69.3%	COM	29364G103
TROW	PRICE T ROWE GROUP INC	8,418 (-1.2%)	$862 (-1.4%)	0.1%	$125.57	-18.6%	COM	74144T108
MDT	MEDTRONIC PLC	10,518 (-1.9%)	$1,010 (-1.0%)	0.1%	$93.73	+3.6%	SHS	G5960L103
WMT	WALMART INC	8,600 (-6.5%)	$958 (+1.1%)	0.1%	$52.15	+105.5%	COM	931142103
IBM	INTERNATIONAL BUSINESS MACHS	2,700 (-3.6%)	$800 (+1.2%)	0.1%	$109.00	+174.1%	COM	459200101
V	VISA INC	3,072 (-3.2%)	$1,077 (-0.5%)	0.1%	$213.59	+59.4%	COM CL A	92826C839
R	RYDER SYS INC	5,500 (-1.8%)	$1,053 (-0.4%)	0.1%	$84.16	+113.5%	COM	783549108
EMN	EASTMAN CHEM CO	9,118 (-1.1%)	$582 (+0.1%)	0.0%	$85.48	-28.6%	COM	277432100

Unchanged Positions (20)

GLD SPDR GOLD TR 0.9%

Value ($000) $11,828 Shares 29,846 Est. Cost $179.42 Unrealized —

HOG HARLEY DAVIDSON INC 0.0%

Value ($000) $537 Shares 26,218 Est. Cost $37.87 Unrealized -35.1%

F FORD MTR CO 0.2%

Value ($000) $2,105 Shares 160,405 Est. Cost $13.62 Unrealized -5.8%

ETN EATON CORP PLC 0.1%

Value ($000) $729 Shares 2,290 Est. Cost $154.60 Unrealized +129.2%

IYR ISHARES TR 0.2%

Value ($000) $2,872 Shares 30,593 Est. Cost $110.73 Unrealized —

WHR WHIRLPOOL CORP 0.1%

Value ($000) $737 Shares 10,218 Est. Cost $150.19 Unrealized -50.8%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $2,728 Shares 4,000 Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 0.0%

Value ($000) $575 Shares 2,000 Est. Cost $128.93 Unrealized +111.1%

TXN TEXAS INSTRS INC 0.1%

Value ($000) $815 Shares 4,700 Est. Cost $152.14 Unrealized +12.2%

AAPL APPLE INC 0.0%

Value ($000) $422 Shares 1,551 Est. Cost $166.99 Unrealized +60.7%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $315 Shares 2,200 Est. Cost $131.42 Unrealized +12.0%

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $543 Shares 3,355 Est. Cost $117.14 Unrealized +33.4%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $921 Shares 2,859 Est. Cost $137.98 Unrealized +124.3%

OMC OMNICOM GROUP INC 0.1%

Value ($000) $914 Shares 11,318 Est. Cost $61.90 Unrealized +22.4%

UNP UNION PAC CORP 0.0%

Value ($000) $526 Shares 2,275 Est. Cost $211.32 Unrealized +7.6%

DIS DISNEY WALT CO 0.0%

Value ($000) $626 Shares 5,503 Est. Cost $116.89 Unrealized -6.3%

WM WASTE MGMT INC DEL 0.0%

Value ($000) $439 Shares 2,000 Est. Cost $152.14 Unrealized +39.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $958 Shares 1,905 Est. Cost $323.12 Unrealized +54.0%

IWM ISHARES TR 0.0%

Value ($000) $29 Shares 119 Est. Cost $226.98 Unrealized —

DIA SPDR DOW JONES INDL AVERAGE 0.0%

Value ($000) $5 Shares 11 Est. Cost $429.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	29,846	$11,828	0.9%	$179.42	—	GOLD SHS	78463V107
HOG	HARLEY DAVIDSON INC	26,218	$537	0.0%	$37.87	-35.1%	COM	412822108
F	FORD MTR CO	160,405	$2,105	0.2%	$13.62	-5.8%	COM	345370860
ETN	EATON CORP PLC	2,290	$729	0.1%	$154.60	+129.2%	SHS	G29183103
IYR	ISHARES TR	30,593	$2,872	0.2%	$110.73	—	U.S. REAL ES ETF	464287739
WHR	WHIRLPOOL CORP	10,218	$737	0.1%	$150.19	-50.8%	COM	963320106
SPY	SPDR S&P 500 ETF TR	4,000	$2,728	0.2%	—	—	CALL	78462F103
HLT	HILTON WORLDWIDE HLDGS INC	2,000	$575	0.0%	$128.93	+111.1%	COM	43300A203
TXN	TEXAS INSTRS INC	4,700	$815	0.1%	$152.14	+12.2%	COM	882508104
AAPL	APPLE INC	1,551	$422	0.0%	$166.99	+60.7%	COM	037833100
PG	PROCTER AND GAMBLE CO	2,200	$315	0.0%	$131.42	+12.0%	COM	742718109
ICE	INTERCONTINENTAL EXCHANGE IN	3,355	$543	0.0%	$117.14	+33.4%	COM	45866F104
JPM	JPMORGAN CHASE & CO.	2,859	$921	0.1%	$137.98	+124.3%	COM	46625H100
OMC	OMNICOM GROUP INC	11,318	$914	0.1%	$61.90	+22.4%	COM	681919106
UNP	UNION PAC CORP	2,275	$526	0.0%	$211.32	+7.6%	COM	907818108
DIS	DISNEY WALT CO	5,503	$626	0.0%	$116.89	-6.3%	COM	254687106
WM	WASTE MGMT INC DEL	2,000	$439	0.0%	$152.14	+39.7%	COM	94106L109
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,905	$958	0.1%	$323.12	+54.0%	CL B NEW	084670702
IWM	ISHARES TR	119	$29	0.0%	$226.98	—	RUSSELL 2000 ETF	464287655
DIA	SPDR DOW JONES INDL AVERAGE	11	$5	0.0%	$429.19	—	UT SER 1	78467X109