Waycross Investment Management Co Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FCNCA	FIRST CTZNS BANCSHARES INC D	3,098	$6,649	5.8%	$1883.58	0.0%	CL A	31946M103
FLRT	PACER FDS TR	91,609	$4,318	3.8%	$47.14	—	ARISTOTLE PACIFI	69374H428
WU	WESTERN UN CO	107,401	$1,000	0.9%	$9.31	—	COM	959802109
EEM	ISHARES TR	12,316	$674	0.6%	$54.71	—	MSCI EMG MKT ETF	464287234
VXUS	VANGUARD STAR FDS	5,824	$439	0.4%	$75.44	—	VG TL INTL STK F	921909768
GDX	VANECK ETF TRUST	2,884	$247	0.2%	$85.77	—	GOLD MINERS ETF	92189F106
VUG	VANGUARD INDEX FDS	483	$236	0.2%	$487.86	—	GROWTH ETF	922908736
VO	VANGUARD INDEX FDS	771	$224	0.2%	$290.24	—	MID CAP ETF	922908629

Increased Positions (12)

XLU SELECT SECTOR SPDR TR 5.0%

Value ($000) $5,631 (+18.5%) Shares 131,912 (+142.1%) Est. Cost $52.19 Unrealized —

VTI VANGUARD INDEX FDS 0.7%

Value ($000) $791 (+204.5%) Shares 2,360 (+198.0%) Est. Cost $332.89 Unrealized —

IEFA ISHARES TR 9.8%

Value ($000) $11,154 (+4.8%) Shares 124,676 (+2.3%) Est. Cost $81.17 Unrealized —

GRID FIRST TR EXCHANGE TRADED FD 2.1%

Value ($000) $2,411 (+17.4%) Shares 15,759 (+15.9%) Est. Cost $149.35 Unrealized —

AAPL APPLE INC 1.3%

Value ($000) $1,519 (+21.4%) Shares 5,586 (+13.7%) Est. Cost $157.65 Unrealized +70.2%

CSCO CISCO SYS INC 1.3%

Value ($000) $1,440 (+17.7%) Shares 18,700 (+4.5%) Est. Cost $43.35 Unrealized +70.2%

MELI MERCADOLIBRE INC 1.0%

Value ($000) $1,170 (-10.4%) Shares 581 (+3.9%) Est. Cost $1656.57 Unrealized +26.8%

MSFT MICROSOFT CORP 3.2%

Value ($000) $3,606 (-2.7%) Shares 7,455 (+4.2%) Est. Cost $256.80 Unrealized +94.9%

IBTK ISHARES TR 8.9%

Value ($000) $10,073 (+1.0%) Shares 507,574 (+1.1%) Est. Cost $19.70 Unrealized —

BIL SPDR SERIES TRUST 0.9%

Value ($000) $995 (+9.6%) Shares 10,886 (+10.1%) Est. Cost $91.42 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $584 (+13.4%) Shares 3,047 (+12.3%) Est. Cost $178.29 Unrealized —

QQQI NEOS ETF TRUST 0.3%

Value ($000) $366 (+21.1%) Shares 6,797 (+21.9%) Est. Cost $54.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLU	SELECT SECTOR SPDR TR	131,912 (+142.1%)	$5,631 (+18.5%)	5.0%	$52.19	—	STATE STREET UTI	81369Y886
VTI	VANGUARD INDEX FDS	2,360 (+198.0%)	$791 (+204.5%)	0.7%	$332.89	—	TOTAL STK MKT	922908769
IEFA	ISHARES TR	124,676 (+2.3%)	$11,154 (+4.8%)	9.8%	$81.17	—	CORE MSCI EAFE	46432F842
GRID	FIRST TR EXCHANGE TRADED FD	15,759 (+15.9%)	$2,411 (+17.4%)	2.1%	$149.35	—	NASDQ CLN EDGE	33737A108
AAPL	APPLE INC	5,586 (+13.7%)	$1,519 (+21.4%)	1.3%	$157.65	+70.2%	COM	037833100
CSCO	CISCO SYS INC	18,700 (+4.5%)	$1,440 (+17.7%)	1.3%	$43.35	+70.2%	COM	17275R102
MELI	MERCADOLIBRE INC	581 (+3.9%)	$1,170 (-10.4%)	1.0%	$1656.57	+26.8%	COM	58733R102
MSFT	MICROSOFT CORP	7,455 (+4.2%)	$3,606 (-2.7%)	3.2%	$256.80	+94.9%	COM	594918104
IBTK	ISHARES TR	507,574 (+1.1%)	$10,073 (+1.0%)	8.9%	$19.70	—	IBOND DEC 2030	46436E593
BIL	SPDR SERIES TRUST	10,886 (+10.1%)	$995 (+9.6%)	0.9%	$91.42	—	STATE STREET SPD	78468R663
RSP	INVESCO EXCHANGE TRADED FD T	3,047 (+12.3%)	$584 (+13.4%)	0.5%	$178.29	—	S&P500 EQL WGT	46137V357
QQQI	NEOS ETF TRUST	6,797 (+21.9%)	$366 (+21.1%)	0.3%	$54.14	—	NASDAQ 100 HIGH	78433H675

Exited Positions (3)

BCC BOISE CASCADE CO DEL 0.7%

Value ($000) $813 Shares 10,515 Est. Cost $58.39 Unrealized +24.6%

ADBE ADOBE INC 0.7%

Value ($000) $780 Shares 2,210 Est. Cost $330.76 Unrealized +2.8%

XNTK SPDR SERIES TRUST 0.4%

Value ($000) $512 Shares 1,880 Est. Cost $272.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BCC	BOISE CASCADE CO DEL	10,515	$813	0.7%	$58.39	+24.6%	—	09739D100
ADBE	ADOBE INC	2,210	$780	0.7%	$330.76	+2.8%	—	00724F101
XNTK	SPDR SERIES TRUST	1,880	$512	0.4%	$272.23	—	—	78464A102

Decreased Positions (5)

TMUS T-MOBILE US INC 1.4%

Value ($000) $1,612 (-18.4%) Shares 7,940 (-3.8%) Est. Cost $147.09 Unrealized +43.7%

GPK GRAPHIC PACKAGING HLDG CO 0.5%

Value ($000) $595 (-24.1%) Shares 39,540 (-1.4%) Est. Cost $22.34 Unrealized -26.4%

DHR DANAHER CORPORATION 1.0%

Value ($000) $1,175 (+11.9%) Shares 5,131 (-3.1%) Est. Cost $228.85 Unrealized -4.1%

GLD SPDR GOLD TR 0.2%

Value ($000) $268 (-26.0%) Shares 676 (-33.6%) Est. Cost $355.47 Unrealized —

VOO VANGUARD INDEX FDS 0.3%

Value ($000) $302 (-2.1%) Shares 481 (-4.4%) Est. Cost $351.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMUS	T-MOBILE US INC	7,940 (-3.8%)	$1,612 (-18.4%)	1.4%	$147.09	+43.7%	COM	872590104
GPK	GRAPHIC PACKAGING HLDG CO	39,540 (-1.4%)	$595 (-24.1%)	0.5%	$22.34	-26.4%	COM	388689101
DHR	DANAHER CORPORATION	5,131 (-3.1%)	$1,175 (+11.9%)	1.0%	$228.85	-4.1%	COM	235851102
GLD	SPDR GOLD TR	676 (-33.6%)	$268 (-26.0%)	0.2%	$355.47	—	GOLD SHS	78463V107
VOO	VANGUARD INDEX FDS	481 (-4.4%)	$302 (-2.1%)	0.3%	$351.34	—	S&P 500 ETF SHS	922908363

Unchanged Positions (22)

GOOG ALPHABET INC 3.2%

Value ($000) $3,684 Shares 11,739 Est. Cost $101.56 Unrealized +181.9%

STLD STEEL DYNAMICS INC 2.0%

Value ($000) $2,261 Shares 13,341 Est. Cost $93.24 Unrealized +69.8%

RTX RTX CORPORATION 1.9%

Value ($000) $2,115 Shares 11,531 Est. Cost $87.49 Unrealized +98.1%

JBL JABIL INC 2.5%

Value ($000) $2,828 Shares 12,402 Est. Cost $68.11 Unrealized +213.2%

J JACOBS SOLUTIONS INC 0.8%

Value ($000) $857 Shares 6,470 Est. Cost $95.66 Unrealized +53.1%

WMT WALMART INC 1.2%

Value ($000) $1,416 Shares 12,706 Est. Cost $52.80 Unrealized +103.0%

IBTJ ISHARES TR 8.2%

Value ($000) $9,324 Shares 424,860 Est. Cost $21.76 Unrealized —

SPY SPDR S&P 500 ETF TR 3.6%

Value ($000) $4,039 Shares 5,923 Est. Cost $386.57 Unrealized —

COST COSTCO WHSL CORP NEW 0.7%

Value ($000) $833 Shares 966 Est. Cost $668.44 Unrealized +35.5%

XYL XYLEM INC 0.6%

Value ($000) $637 Shares 4,674 Est. Cost $118.54 Unrealized +21.1%

DUHP DIMENSIONAL ETF TRUST 6.4%

Value ($000) $7,287 Shares 191,607 Est. Cost $25.64 Unrealized —

DE DEERE & CO 1.5%

Value ($000) $1,761 Shares 3,783 Est. Cost $386.66 Unrealized +21.0%

BSCV INVESCO EXCH TRD SLF IDX FD 5.6%

Value ($000) $6,415 Shares 384,235 Est. Cost $16.67 Unrealized —

AMZN AMAZON COM INC 0.5%

Value ($000) $614 Shares 2,658 Est. Cost $206.53 Unrealized +10.8%

AVGO BROADCOM INC 0.4%

Value ($000) $401 Shares 1,160 Est. Cost $215.92 Unrealized +65.3%

SCHB SCHWAB STRATEGIC TR 0.9%

Value ($000) $1,040 Shares 39,665 Est. Cost $30.09 Unrealized —

SGOV ISHARES TR 0.9%

Value ($000) $971 Shares 9,671 Est. Cost $100.27 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.4%

Value ($000) $509 Shares 6,912 Est. Cost $78.33 Unrealized -6.0%

BSCU INVESCO EXCH TRD SLF IDX FD 5.7%

Value ($000) $6,451 Shares 381,292 Est. Cost $16.95 Unrealized —

SCHR SCHWAB STRATEGIC TR 1.0%

Value ($000) $1,145 Shares 45,646 Est. Cost $37.45 Unrealized —

NEAR ISHARES U S ETF TR 0.3%

Value ($000) $347 Shares 6,794 Est. Cost $49.27 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $1,333 Shares 2,652 Est. Cost $404.19 Unrealized +23.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	11,739	$3,684	3.2%	$101.56	+181.9%	CAP STK CL C	02079K107
STLD	STEEL DYNAMICS INC	13,341	$2,261	2.0%	$93.24	+69.8%	COM	858119100
RTX	RTX CORPORATION	11,531	$2,115	1.9%	$87.49	+98.1%	COM	75513E101
JBL	JABIL INC	12,402	$2,828	2.5%	$68.11	+213.2%	COM	466313103
J	JACOBS SOLUTIONS INC	6,470	$857	0.8%	$95.66	+53.1%	COM	46982L108
WMT	WALMART INC	12,706	$1,416	1.2%	$52.80	+103.0%	COM	931142103
IBTJ	ISHARES TR	424,860	$9,324	8.2%	$21.76	—	IBONDS 29 TRM TS	46436E825
SPY	SPDR S&P 500 ETF TR	5,923	$4,039	3.6%	$386.57	—	TR UNIT	78462F103
COST	COSTCO WHSL CORP NEW	966	$833	0.7%	$668.44	+35.5%	COM	22160K105
XYL	XYLEM INC	4,674	$637	0.6%	$118.54	+21.1%	COM	98419M100
DUHP	DIMENSIONAL ETF TRUST	191,607	$7,287	6.4%	$25.64	—	US HIGH PROFITAB	25434V831
DE	DEERE & CO	3,783	$1,761	1.5%	$386.66	+21.0%	COM	244199105
BSCV	INVESCO EXCH TRD SLF IDX FD	384,235	$6,415	5.6%	$16.67	—	BULETSHS 2031 CP	46138J429
AMZN	AMAZON COM INC	2,658	$614	0.5%	$206.53	+10.8%	COM	023135106
AVGO	BROADCOM INC	1,160	$401	0.4%	$215.92	+65.3%	COM	11135F101
SCHB	SCHWAB STRATEGIC TR	39,665	$1,040	0.9%	$30.09	—	US BRD MKT ETF	808524102
SGOV	ISHARES TR	9,671	$971	0.9%	$100.27	—	0-3 MNTH TREASRY	46436E718
CP	CANADIAN PACIFIC KANSAS CITY	6,912	$509	0.4%	$78.33	-6.0%	COM	13646K108
BSCU	INVESCO EXCH TRD SLF IDX FD	381,292	$6,451	5.7%	$16.95	—	INVSCO 30 CORP	46138J460
SCHR	SCHWAB STRATEGIC TR	45,646	$1,145	1.0%	$37.45	—	INT-TRM U.S TRES	808524854
NEAR	ISHARES U S ETF TR	6,794	$347	0.3%	$49.27	—	SHORT DURATION B	46431W507
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,652	$1,333	1.2%	$404.19	+23.1%	CL B NEW	084670702