Advanced Portfolio Management, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	4,995	$1,323	4.0%	$248.17	0.0%	COM	79466L302
VG	VENTURE GLOBAL INC	180,000	$1,228	3.7%	$8.31	0.0%	COM CL A	92333F101
ABBV	ABBVIE INC	5,284	$1,207	3.7%	$227.54	0.0%	COM	00287Y109
EQIX	EQUINIX INC	1,486	$1,139	3.5%	$781.19	0.0%	COM	29444U700
RSP	INVESCO EXCHANGE TRADED FD T	5,000	$958	2.9%	$191.56	—	S&P500 EQL WGT	46137V357
HPE	HEWLETT PACKARD ENTERPRISE C	36,577	$879	2.7%	$23.44	0.0%	COM	42824C109
CSCO	CISCO SYS INC	10,241	$789	2.4%	$73.79	0.0%	COM	17275R102
XOM	EXXON MOBIL CORP	5,041	$607	1.9%	$115.49	0.0%	COM	30231G102
VZ	VERIZON COMMUNICATIONS INC	12,649	$515	1.6%	$40.48	0.0%	COM	92343V104
SCHW	SCHWAB CHARLES CORP	4,805	$480	1.5%	$94.74	0.0%	COM	808513105
V	VISA INC	1,302	$457	1.4%	$340.38	0.0%	COM CL A	92826C839
OKE	ONEOK INC NEW	6,155	$452	1.4%	$70.46	0.0%	COM	682680103
INTU	INTUIT	672	$445	1.4%	$660.69	0.0%	COM	461202103
CVS	CVS HEALTH CORP	5,555	$441	1.3%	$78.67	0.0%	COM	126650100
TJX	TJX COS INC NEW	2,867	$440	1.3%	$147.70	0.0%	COM	872540109
URI	UNITED RENTALS INC	536	$434	1.3%	$867.08	0.0%	COM	911363109
CL	COLGATE PALMOLIVE CO	5,475	$433	1.3%	$78.31	0.0%	COM	194162103
SBUX	STARBUCKS CORP	5,085	$428	1.3%	$84.06	0.0%	COM	855244109
ABT	ABBOTT LABS	3,410	$427	1.3%	$127.30	0.0%	COM	002824100
ADM	ARCHER DANIELS MIDLAND CO	7,314	$420	1.3%	$59.48	0.0%	COM	039483102
KR	KROGER CO	6,593	$412	1.3%	$65.22	0.0%	COM	501044101

Increased Positions (8)

META META PLATFORMS INC 5.1%

Value ($000) $1,680 (+6254.2%) Shares 2,545 (+6969.4%) Est. Cost $668.40 Unrealized -0.2%

CAH CARDINAL HEALTH INC 3.2%

Value ($000) $1,063 (+42235.8%) Shares 5,173 (+32231.3%) Est. Cost $187.62 Unrealized +0.1%

SOFI SOFI TECHNOLOGIES INC 4.4%

Value ($000) $1,440 (+263.3%) Shares 55,000 (+266.7%) Est. Cost $26.74 Unrealized +4.2%

AMZN AMAZON COM INC 4.9%

Value ($000) $1,618 (+129.8%) Shares 7,008 (+121.2%) Est. Cost $204.14 Unrealized +12.1%

NFLX NETFLIX INC 1.2%

Value ($000) $394 (-51.3%) Shares 4,197 (+526.4%) Est. Cost $104.80 Unrealized +2.9%

EQT EQT CORP 1.3%

Value ($000) $412 (+16346.0%) Shares 7,683 (+16602.2%) Est. Cost $56.11 Unrealized +0.0%

TT TRANE TECHNOLOGIES PLC 1.8%

Value ($000) $575 (+29.3%) Shares 1,478 (+37.6%) Est. Cost $373.94 Unrealized +10.6%

WFC WELLS FARGO CO NEW 1.5%

Value ($000) $478 (+11.9%) Shares 5,130 (+1.7%) Est. Cost $71.96 Unrealized +20.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	2,545 (+6969.4%)	$1,680 (+6254.2%)	5.1%	$668.40	-0.2%	CL A	30303M102
CAH	CARDINAL HEALTH INC	5,173 (+32231.3%)	$1,063 (+42235.8%)	3.2%	$187.62	+0.1%	COM	14149Y108
SOFI	SOFI TECHNOLOGIES INC	55,000 (+266.7%)	$1,440 (+263.3%)	4.4%	$26.74	+4.2%	COM	83406F102
AMZN	AMAZON COM INC	7,008 (+121.2%)	$1,618 (+129.8%)	4.9%	$204.14	+12.1%	COM	023135106
NFLX	NETFLIX INC	4,197 (+526.4%)	$394 (-51.3%)	1.2%	$104.80	+2.9%	COM	64110L106
EQT	EQT CORP	7,683 (+16602.2%)	$412 (+16346.0%)	1.3%	$56.11	+0.0%	COM	26884L109
TT	TRANE TECHNOLOGIES PLC	1,478 (+37.6%)	$575 (+29.3%)	1.8%	$373.94	+10.6%	SHS	G8994E103
WFC	WELLS FARGO CO NEW	5,130 (+1.7%)	$478 (+11.9%)	1.5%	$71.96	+20.4%	COM	949746101

Exited Positions (110)

ADBE ADOBE INC 7.0%

Value ($000) $2,279 Shares 6,443 Est. Cost $369.01 Unrealized -7.8%

MELI MERCADOLIBRE INC 4.3%

Value ($000) $1,402 Shares 600 Est. Cost $2335.36 Unrealized -10.1%

KHC KRAFT HEINZ CO/THE 4.0%

Value ($000) $1,302 Shares 50,000 Est. Cost $26.49 Unrealized -7.0%

GOOGL ALPHABET INC-CL A 3.8%

Value ($000) $1,232 Shares 5,048 Est. Cost $180.70 Unrealized +58.1%

TTD TTD 17OCT25 60 C 3.7%

Value ($000) $1,225 Shares 50,000 Est. Cost $63.45 Unrealized -30.1%

— KELLANOVA 2.7%

Value ($000) $897 Shares 10,940 Est. Cost $78.18 Unrealized +5.7%

UPS UNITED PARCEL SERVICE-CL B 2.1%

Value ($000) $691 Shares 8,176 Est. Cost $112.66 Unrealized -17.7%

PPG PPG INDUSTRIES INC 2.0%

Value ($000) $643 Shares 6,186 Est. Cost $112.61 Unrealized -11.1%

MCK MCKESSON CORP 1.9%

Value ($000) $621 Shares 815 Est. Cost $615.89 Unrealized +32.4%

ED CONSOLIDATED EDISON INC 1.8%

Value ($000) $591 Shares 5,934 Est. Cost $95.23 Unrealized +3.7%

TMO THERMO FISHER SCIENTIFIC INC 1.7%

Value ($000) $556 Shares 1,204 Est. Cost $539.78 Unrealized +4.7%

IFF INTL FLAVORS & FRAGRANCES 1.4%

Value ($000) $471 Shares 7,731 Est. Cost $80.64 Unrealized -20.1%

JPM BERKSHIRE HATHAWAY INC DEL 1.4%

Value ($000) $469 Shares 1,486 Est. Cost $250.91 Unrealized +23.4%

JNJ JOHNSON & JOHNSON 1.2%

Value ($000) $395 Shares 2,174 Est. Cost $152.45 Unrealized +29.2%

WDAY WORKDAY INC-CLASS A 1.2%

Value ($000) $384 Shares 1,550 Est. Cost $255.47 Unrealized -11.1%

MA MASTERCARD INC - A 1.1%

Value ($000) $374 Shares 659 Est. Cost $542.01 Unrealized +3.1%

TXN TEXAS INSTRUMENTS INC 1.1%

Value ($000) $369 Shares 2,016 Est. Cost $182.23 Unrealized -6.3%

BIIB BIOGEN INC 1.1%

Value ($000) $366 Shares 2,641 Est. Cost $142.96 Unrealized +14.3%

HPQ HP INC 1.1%

Value ($000) $352 Shares 13,079 Est. Cost $30.36 Unrealized -16.8%

EXC EXELON CORP 1.1%

Value ($000) $347 Shares 7,831 Est. Cost $40.50 Unrealized +12.2%

PG PROCTER & GAMBLE CO/THE 1.0%

Value ($000) $325 Shares 2,115 Est. Cost $165.73 Unrealized -11.2%

LLY ELI LILLY & CO 1.0%

Value ($000) $319 Shares 439 Est. Cost $821.14 Unrealized +16.4%

MRK MERCK & CO INC 1.0%

Value ($000) $316 Shares 4,021 Est. Cost $90.12 Unrealized +3.5%

ZTS ZOETIS INC 1.0%

Value ($000) $314 Shares 2,198 Est. Cost $164.52 Unrealized -20.8%

SPG SIMON PROPERTY GROUP INC 0.3%

Value ($000) $100 Shares 532 Est. Cost $169.06 Unrealized +6.5%

ORLY O'REILLY AUTOMOTIVE INC 0.2%

Value ($000) $65 Shares 604 Est. Cost $100.52 Unrealized -2.8%

GOOG VICI PPTYS INC 0.2%

Value ($000) $52 Shares 213 Est. Cost $209.93 Unrealized +36.4%

GILD UNITED AIRLS HLDGS INC 0.2%

Value ($000) $49 Shares 445 Est. Cost $112.28 Unrealized +7.7%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $42 Shares 201 Est. Cost $109.40 Unrealized +22.1%

MO ALTRIA GROUP INC 0.1%

Value ($000) $32 Shares 483 Est. Cost $61.42 Unrealized -3.3%

TSLA TESLA INC 0.1%

Value ($000) $27 Shares 60 Est. Cost $346.84 Unrealized +27.8%

MET METLIFE INC 0.1%

Value ($000) $27 Shares 323 Est. Cost $77.91 Unrealized +1.3%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $27 Shares 108 Est. Cost $238.95 Unrealized +4.9%

KDP CONSOLIDATED EDISON INC 0.1%

Value ($000) $27 Shares 1,040 Est. Cost $30.82 Unrealized -11.6%

HSY WESTERN DIGITAL CORP 0.1%

Value ($000) $26 Shares 140 Est. Cost $179.65 Unrealized +1.4%

UAL UNITED AIRLINES HOLDINGS INC 0.1%

Value ($000) $19 Shares 201 Est. Cost $96.17 Unrealized +5.1%

AIG AMERICAN INTL GROUP INC 0.1%

Value ($000) $18 Shares 228 Est. Cost $79.11 Unrealized +0.7%

SPGI S&P GLOBAL INC 0.1%

Value ($000) $18 Shares 36 Est. Cost $533.84 Unrealized -7.4%

PLTR PALANTIR TECHNOLOGIES INC-A 0.0%

Value ($000) $16 Shares 87 Est. Cost $162.07 Unrealized +11.7%

WDC WESTERN DIGITAL CORP 0.0%

Value ($000) $16 Shares 131 Est. Cost $81.60 Unrealized +85.7%

EW RTX CORPORATION 0.0%

Value ($000) $13 Shares 169 Est. Cost $78.13 Unrealized +5.0%

COST GARTNER INC 0.0%

Value ($000) $12 Shares 13 Est. Cost $956.70 Unrealized -5.3%

HOOD VULCAN MATLS CO 0.0%

Value ($000) $12 Shares 83 Est. Cost $109.05 Unrealized +19.3%

ANET AUTOZONE INC 0.0%

Value ($000) $11 Shares 77 Est. Cost $128.77 Unrealized +6.9%

FTNT SYSCO CORP 0.0%

Value ($000) $9 Shares 107 Est. Cost $89.23 Unrealized -7.1%

IT WALMART INC 0.0%

Value ($000) $9 Shares 34 Est. Cost $291.66 Unrealized -17.5%

EMR PALO ALTO NETWORKS INC 0.0%

Value ($000) $9 Shares 67 Est. Cost $135.48 Unrealized -2.3%

AXON BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $8 Shares 11 Est. Cost $758.81 Unrealized -18.2%

GE TERADYNE INC 0.0%

Value ($000) $6 Shares 19 Est. Cost $272.69 Unrealized +10.3%

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $6 Shares 28 Est. Cost $191.42 Unrealized +5.4%

CMG GILEAD SCIENCES INC 0.0%

Value ($000) $5 Shares 134 Est. Cost $45.03 Unrealized -19.7%

CHTR GE AEROSPACE 0.0%

Value ($000) $5 Shares 18 Est. Cost $302.19 Unrealized -25.6%

AZO CITIGROUP INC 0.0%

Value ($000) $4 Shares 1 Est. Cost $4011.66 Unrealized -5.8%

DELL LIVE NATION ENTERTAINMENT IN 0.0%

Value ($000) $4 Shares 25 Est. Cost $129.18 Unrealized +9.0%

TGT TARGET CORP 0.0%

Value ($000) $3 Shares 36 Est. Cost $96.73 Unrealized -5.3%

PWR QUANTA SERVICES INC 0.0%

Value ($000) $3 Shares 7 Est. Cost $388.50 Unrealized +13.1%

TPL TEXAS PACIFIC LAND CORP 0.0%

Value ($000) $3 Shares 3 Est. Cost $313.93 Unrealized -2.8%

MPWR MONOLITHIC POWER SYSTEMS INC 0.0%

Value ($000) $3 Shares 3 Est. Cost $808.07 Unrealized +18.9%

NOW SERVICENOW INC 0.0%

Value ($000) $3 Shares 3 Est. Cost $186.78 Unrealized -8.2%

CEG FIRST SOLAR INC 0.0%

Value ($000) $3 Shares 8 Est. Cost $322.17 Unrealized +12.7%

ITW APPLE INC 0.0%

Value ($000) $3 Shares 10 Est. Cost $257.33 Unrealized -3.8%

BA CADENCE DESIGN SYSTEM INC 0.0%

Value ($000) $3 Shares 12 Est. Cost $174.14 Unrealized +18.1%

FFIV STEEL DYNAMICS INC 0.0%

Value ($000) $3 Shares 8 Est. Cost $313.03 Unrealized -14.1%

EXPE SYNOPSYS INC 0.0%

Value ($000) $3 Shares 12 Est. Cost $200.25 Unrealized +23.3%

STZ CONSTELLATION BRANDS INC-A 0.0%

Value ($000) $3 Shares 19 Est. Cost $157.52 Unrealized -13.1%

STT STATE STREET CORP 0.0%

Value ($000) $3 Shares 22 Est. Cost $110.08 Unrealized +8.1%

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $3 Shares 26 Est. Cost $93.52 Unrealized -3.7%

LRCX JOHNSON & JOHNSON 0.0%

Value ($000) $3 Shares 19 Est. Cost $105.52 Unrealized +47.2%

CB EMERSON ELEC CO 0.0%

Value ($000) $3 Shares 9 Est. Cost $275.21 Unrealized +6.2%

C DIGITAL RLTY TR INC 0.0%

Value ($000) $3 Shares 25 Est. Cost $94.11 Unrealized +10.1%

EXR SIMON PPTY GROUP INC NEW 0.0%

Value ($000) $3 Shares 18 Est. Cost $140.62 Unrealized -4.0%

JCI AMAZON COM INC 0.0%

Value ($000) $3 Shares 23 Est. Cost $106.86 Unrealized +7.4%

EQR PINNACLE WEST CAP CORP 0.0%

Value ($000) $3 Shares 39 Est. Cost $64.02 Unrealized -5.2%

DOW MICROSOFT CORP 0.0%

Value ($000) $3 Shares 110 Est. Cost $24.31 Unrealized -6.3%

WEC WEC ENERGY GROUP INC 0.0%

Value ($000) $3 Shares 22 Est. Cost $107.11 Unrealized +3.0%

ETR ROCKWELL AUTOMATION INC 0.0%

Value ($000) $3 Shares 27 Est. Cost $87.11 Unrealized +8.5%

VRSN VERISIGN INC 0.0%

Value ($000) $3 Shares 9 Est. Cost $278.13 Unrealized -9.8%

MAA MID-AMERICA APARTMENT COMM 0.0%

Value ($000) $3 Shares 18 Est. Cost $142.65 Unrealized -6.8%

TRGP TARGA RESOURCES CORP 0.0%

Value ($000) $3 Shares 15 Est. Cost $165.15 Unrealized +1.8%

VICI VICI PROPERTIES INC 0.0%

Value ($000) $3 Shares 77 Est. Cost $32.06 Unrealized -8.6%

RTX RTX CORP 0.0%

Value ($000) $3 Shares 15 Est. Cost $154.28 Unrealized +12.3%

PNW PINNACLE WEST CAPITAL 0.0%

Value ($000) $3 Shares 28 Est. Cost $88.79 Unrealized +0.5%

STLD STEEL DYNAMICS INC 0.0%

Value ($000) $3 Shares 18 Est. Cost $130.39 Unrealized +21.5%

MPC MARATHON PETROLEUM CORP 0.0%

Value ($000) $3 Shares 13 Est. Cost $174.47 Unrealized +6.8%

— ARISTA NETWORKS INC 0.0%

Value ($000) $3 Shares 306 Est. Cost $8.97 Unrealized -8.0%

AKAM APPLIED MATLS INC 0.0%

Value ($000) $3 Shares 33 Est. Cost $77.08 Unrealized +6.7%

CNC ROBINHOOD MKTS INC 0.0%

Value ($000) $2 Shares 70 Est. Cost $30.20 Unrealized +23.9%

SMCI SUPER MICRO COMPUTER INC 0.0%

Value ($000) $2 Shares 52 Est. Cost $47.75 Unrealized -13.8%

BF/B CHIPOTLE MEXICAN GRILL INC 0.0%

Value ($000) $2 Shares 92 Est. Cost $28.60 Unrealized -2.2%

PPL PPL CORPORATION 0.0%

Value ($000) $2 Shares 67 Est. Cost $35.43 Unrealized +1.1%

CVX KLA CORP 0.0%

Value ($000) $2 Shares 16 Est. Cost $152.28 Unrealized -0.6%

TER TERADYNE INC 0.0%

Value ($000) $2 Shares 18 Est. Cost $109.09 Unrealized +57.2%

NDAQ NASDAQ INC 0.0%

Value ($000) $2 Shares 28 Est. Cost $92.14 Unrealized -2.6%

DUK NASDAQ INC 0.0%

Value ($000) $2 Shares 20 Est. Cost $119.80 Unrealized +1.5%

WMT WALMART INC 0.0%

Value ($000) $2 Shares 24 Est. Cost $94.76 Unrealized +13.1%

PODD INSULET CORP 0.0%

Value ($000) $2 Shares 8 Est. Cost $313.31 Unrealized -0.2%

SYY SYSCO CORP 0.0%

Value ($000) $2 Shares 30 Est. Cost $78.85 Unrealized -4.2%

SNPS SYNOPSYS INC 0.0%

Value ($000) $2 Shares 5 Est. Cost $565.30 Unrealized -21.4%

VMC VULCAN MATERIALS CO 0.0%

Value ($000) $2 Shares 8 Est. Cost $283.25 Unrealized +3.5%

COP HERSHEY CO 0.0%

Value ($000) $2 Shares 26 Est. Cost $93.28 Unrealized -3.5%

CDNS F5 INC 0.0%

Value ($000) $2 Shares 7 Est. Cost $344.03 Unrealized -5.1%

AMAT AMAZON COM INC 0.0%

Value ($000) $2 Shares 12 Est. Cost $180.78 Unrealized +32.5%

CRWD ILLINOIS TOOL WKS INC 0.0%

Value ($000) $2 Shares 5 Est. Cost $454.77 Unrealized +12.0%

LYV LIVE NATION ENTERTAINMENT IN 0.0%

Value ($000) $2 Shares 15 Est. Cost $158.04 Unrealized -9.1%

DASH LAM RESEARCH CORP 0.0%

Value ($000) $2 Shares 9 Est. Cost $250.83 Unrealized -6.5%

ROK ROCKWELL AUTOMATION INC 0.0%

Value ($000) $2 Shares 7 Est. Cost $343.44 Unrealized +9.3%

FSLR STATE STR CORP 0.0%

Value ($000) $2 Shares 11 Est. Cost $191.94 Unrealized +31.4%

DLR MONOLITHIC PWR SYS INC 0.0%

Value ($000) $2 Shares 14 Est. Cost $168.66 Unrealized -3.3%

RJF RAYMOND JAMES FINANCIAL INC 0.0%

Value ($000) $2 Shares 14 Est. Cost $164.67 Unrealized -2.3%

KLAC INTERNATIONAL FLAVORS&FRAGRA 0.0%

Value ($000) $2 Shares 2 Est. Cost $930.36 Unrealized +26.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	6,443	$2,279	7.0%	$369.01	-7.8%	—	00724F101
MELI	MERCADOLIBRE INC	600	$1,402	4.3%	$2335.36	-10.1%	—	58733R102
KHC	KRAFT HEINZ CO/THE	50,000	$1,302	4.0%	$26.49	-7.0%	—	500754106
GOOGL	ALPHABET INC-CL A	5,048	$1,232	3.8%	$180.70	+58.1%	—	02079K305
TTD	TTD 17OCT25 60 C	50,000	$1,225	3.7%	$63.45	-30.1%	—	88339J105
—	KELLANOVA	10,940	$897	2.7%	$78.18	+5.7%	—	487836108
UPS	UNITED PARCEL SERVICE-CL B	8,176	$691	2.1%	$112.66	-17.7%	—	911312106
PPG	PPG INDUSTRIES INC	6,186	$643	2.0%	$112.61	-11.1%	—	693506107
MCK	MCKESSON CORP	815	$621	1.9%	$615.89	+32.4%	—	58155Q103
ED	CONSOLIDATED EDISON INC	5,934	$591	1.8%	$95.23	+3.7%	—	209115104
TMO	THERMO FISHER SCIENTIFIC INC	1,204	$556	1.7%	$539.78	+4.7%	—	883556102
IFF	INTL FLAVORS & FRAGRANCES	7,731	$471	1.4%	$80.64	-20.1%	—	459506101
JPM	BERKSHIRE HATHAWAY INC DEL	1,486	$469	1.4%	$250.91	+23.4%	—	46625H100
JNJ	JOHNSON & JOHNSON	2,174	$395	1.2%	$152.45	+29.2%	—	478160104
WDAY	WORKDAY INC-CLASS A	1,550	$384	1.2%	$255.47	-11.1%	—	98138H101
MA	MASTERCARD INC - A	659	$374	1.1%	$542.01	+3.1%	—	57636Q104
TXN	TEXAS INSTRUMENTS INC	2,016	$369	1.1%	$182.23	-6.3%	—	882508104
BIIB	BIOGEN INC	2,641	$366	1.1%	$142.96	+14.3%	—	09062X103
HPQ	HP INC	13,079	$352	1.1%	$30.36	-16.8%	—	40434L105
EXC	EXELON CORP	7,831	$347	1.1%	$40.50	+12.2%	—	30161N101
PG	PROCTER & GAMBLE CO/THE	2,115	$325	1.0%	$165.73	-11.2%	—	742718109
LLY	ELI LILLY & CO	439	$319	1.0%	$821.14	+16.4%	—	532457108
MRK	MERCK & CO INC	4,021	$316	1.0%	$90.12	+3.5%	—	58933Y105
ZTS	ZOETIS INC	2,198	$314	1.0%	$164.52	-20.8%	—	98978V103
SPG	SIMON PROPERTY GROUP INC	532	$100	0.3%	$169.06	+6.5%	—	828806109
ORLY	O'REILLY AUTOMOTIVE INC	604	$65	0.2%	$100.52	-2.8%	—	67103H107
GOOG	VICI PPTYS INC	213	$52	0.2%	$209.93	+36.4%	—	02079K107
GILD	UNITED AIRLS HLDGS INC	445	$49	0.2%	$112.28	+7.7%	—	375558103
APH	AMPHENOL CORP NEW	201	$42	0.1%	$109.40	+22.1%	—	032095101
MO	ALTRIA GROUP INC	483	$32	0.1%	$61.42	-3.3%	—	02209S103
TSLA	TESLA INC	60	$27	0.1%	$346.84	+27.8%	—	88160R101
MET	METLIFE INC	323	$27	0.1%	$77.91	+1.3%	—	59156R108
ADI	ANALOG DEVICES INC	108	$27	0.1%	$238.95	+4.9%	—	032654105
KDP	CONSOLIDATED EDISON INC	1,040	$27	0.1%	$30.82	-11.6%	—	49271V100
HSY	WESTERN DIGITAL CORP	140	$26	0.1%	$179.65	+1.4%	—	427866108
UAL	UNITED AIRLINES HOLDINGS INC	201	$19	0.1%	$96.17	+5.1%	—	910047109
AIG	AMERICAN INTL GROUP INC	228	$18	0.1%	$79.11	+0.7%	—	026874784
SPGI	S&P GLOBAL INC	36	$18	0.1%	$533.84	-7.4%	—	78409V104
PLTR	PALANTIR TECHNOLOGIES INC-A	87	$16	0.0%	$162.07	+11.7%	—	69608A108
WDC	WESTERN DIGITAL CORP	131	$16	0.0%	$81.60	+85.7%	—	958102105
EW	RTX CORPORATION	169	$13	0.0%	$78.13	+5.0%	—	28176E108
COST	GARTNER INC	13	$12	0.0%	$956.70	-5.3%	—	22160K105
HOOD	VULCAN MATLS CO	83	$12	0.0%	$109.05	+19.3%	—	770700102
ANET	AUTOZONE INC	77	$11	0.0%	$128.77	+6.9%	—	040413205
FTNT	SYSCO CORP	107	$9	0.0%	$89.23	-7.1%	—	34959E109
IT	WALMART INC	34	$9	0.0%	$291.66	-17.5%	—	366651107
EMR	PALO ALTO NETWORKS INC	67	$9	0.0%	$135.48	-2.3%	—	291011104
AXON	BERKSHIRE HATHAWAY INC DEL	11	$8	0.0%	$758.81	-18.2%	—	05464C101
GE	TERADYNE INC	19	$6	0.0%	$272.69	+10.3%	—	369604301
PANW	PALO ALTO NETWORKS INC	28	$6	0.0%	$191.42	+5.4%	—	697435105
CMG	GILEAD SCIENCES INC	134	$5	0.0%	$45.03	-19.7%	—	169656105
CHTR	GE AEROSPACE	18	$5	0.0%	$302.19	-25.6%	—	16119P108
AZO	CITIGROUP INC	1	$4	0.0%	$4011.66	-5.8%	—	053332102
DELL	LIVE NATION ENTERTAINMENT IN	25	$4	0.0%	$129.18	+9.0%	—	24703L202
TGT	TARGET CORP	36	$3	0.0%	$96.73	-5.3%	—	87612E106
PWR	QUANTA SERVICES INC	7	$3	0.0%	$388.50	+13.1%	—	74762E102
TPL	TEXAS PACIFIC LAND CORP	3	$3	0.0%	$313.93	-2.8%	—	88262P102
MPWR	MONOLITHIC POWER SYSTEMS INC	3	$3	0.0%	$808.07	+18.9%	—	609839105
NOW	SERVICENOW INC	3	$3	0.0%	$186.78	-8.2%	—	81762P102
CEG	FIRST SOLAR INC	8	$3	0.0%	$322.17	+12.7%	—	21037T109
ITW	APPLE INC	10	$3	0.0%	$257.33	-3.8%	—	452308109
BA	CADENCE DESIGN SYSTEM INC	12	$3	0.0%	$174.14	+18.1%	—	097023105
FFIV	STEEL DYNAMICS INC	8	$3	0.0%	$313.03	-14.1%	—	315616102
EXPE	SYNOPSYS INC	12	$3	0.0%	$200.25	+23.3%	—	30212P303
STZ	CONSTELLATION BRANDS INC-A	19	$3	0.0%	$157.52	-13.1%	—	21036P108
STT	STATE STREET CORP	22	$3	0.0%	$110.08	+8.1%	—	857477103
UBER	UBER TECHNOLOGIES INC	26	$3	0.0%	$93.52	-3.7%	—	90353T100
LRCX	JOHNSON & JOHNSON	19	$3	0.0%	$105.52	+47.2%	—	512807306
CB	EMERSON ELEC CO	9	$3	0.0%	$275.21	+6.2%	—	H1467J104
C	DIGITAL RLTY TR INC	25	$3	0.0%	$94.11	+10.1%	—	172967424
EXR	SIMON PPTY GROUP INC NEW	18	$3	0.0%	$140.62	-4.0%	—	30225T102
JCI	AMAZON COM INC	23	$3	0.0%	$106.86	+7.4%	—	G51502105
EQR	PINNACLE WEST CAP CORP	39	$3	0.0%	$64.02	-5.2%	—	29476L107
DOW	MICROSOFT CORP	110	$3	0.0%	$24.31	-6.3%	—	260557103
WEC	WEC ENERGY GROUP INC	22	$3	0.0%	$107.11	+3.0%	—	92939U106
ETR	ROCKWELL AUTOMATION INC	27	$3	0.0%	$87.11	+8.5%	—	29364G103
VRSN	VERISIGN INC	9	$3	0.0%	$278.13	-9.8%	—	92343E102
MAA	MID-AMERICA APARTMENT COMM	18	$3	0.0%	$142.65	-6.8%	—	59522J103
TRGP	TARGA RESOURCES CORP	15	$3	0.0%	$165.15	+1.8%	—	87612G101
VICI	VICI PROPERTIES INC	77	$3	0.0%	$32.06	-8.6%	—	925652109
RTX	RTX CORP	15	$3	0.0%	$154.28	+12.3%	—	75513E101
PNW	PINNACLE WEST CAPITAL	28	$3	0.0%	$88.79	+0.5%	—	723484101
STLD	STEEL DYNAMICS INC	18	$3	0.0%	$130.39	+21.5%	—	858119100
MPC	MARATHON PETROLEUM CORP	13	$3	0.0%	$174.47	+6.8%	—	56585A102
—	ARISTA NETWORKS INC	306	$3	0.0%	$8.97	-8.0%	—	G0250X107
AKAM	APPLIED MATLS INC	33	$3	0.0%	$77.08	+6.7%	—	00971T101
CNC	ROBINHOOD MKTS INC	70	$2	0.0%	$30.20	+23.9%	—	15135B101
SMCI	SUPER MICRO COMPUTER INC	52	$2	0.0%	$47.75	-13.8%	—	86800U302
BF/B	CHIPOTLE MEXICAN GRILL INC	92	$2	0.0%	$28.60	-2.2%	—	115637209
PPL	PPL CORPORATION	67	$2	0.0%	$35.43	+1.1%	—	69351T106
CVX	KLA CORP	16	$2	0.0%	$152.28	-0.6%	—	166764100
TER	TERADYNE INC	18	$2	0.0%	$109.09	+57.2%	—	880770102
NDAQ	NASDAQ INC	28	$2	0.0%	$92.14	-2.6%	—	631103108
DUK	NASDAQ INC	20	$2	0.0%	$119.80	+1.5%	—	26441C204
WMT	WALMART INC	24	$2	0.0%	$94.76	+13.1%	—	931142103
PODD	INSULET CORP	8	$2	0.0%	$313.31	-0.2%	—	45784P101
SYY	SYSCO CORP	30	$2	0.0%	$78.85	-4.2%	—	871829107
SNPS	SYNOPSYS INC	5	$2	0.0%	$565.30	-21.4%	—	871607107
VMC	VULCAN MATERIALS CO	8	$2	0.0%	$283.25	+3.5%	—	929160109
COP	HERSHEY CO	26	$2	0.0%	$93.28	-3.5%	—	20825C104
CDNS	F5 INC	7	$2	0.0%	$344.03	-5.1%	—	127387108
AMAT	AMAZON COM INC	12	$2	0.0%	$180.78	+32.5%	—	038222105
CRWD	ILLINOIS TOOL WKS INC	5	$2	0.0%	$454.77	+12.0%	—	22788C105
LYV	LIVE NATION ENTERTAINMENT IN	15	$2	0.0%	$158.04	-9.1%	—	538034109
DASH	LAM RESEARCH CORP	9	$2	0.0%	$250.83	-6.5%	—	25809K105
ROK	ROCKWELL AUTOMATION INC	7	$2	0.0%	$343.44	+9.3%	—	773903109
FSLR	STATE STR CORP	11	$2	0.0%	$191.94	+31.4%	—	336433107
DLR	MONOLITHIC PWR SYS INC	14	$2	0.0%	$168.66	-3.3%	—	253868103
RJF	RAYMOND JAMES FINANCIAL INC	14	$2	0.0%	$164.67	-2.3%	—	754730109
KLAC	INTERNATIONAL FLAVORS&FRAGRA	2	$2	0.0%	$930.36	+26.0%	—	482480100

Decreased Positions (8)

AVGO BROADCOM INC 6.4%

Value ($000) $2,095 (-51.7%) Shares 6,052 (-66.7%) Est. Cost $294.23 Unrealized +21.3%

VST VISTRA CORP 4.0%

Value ($000) $1,300 (-57.0%) Shares 8,058 (-42.5%) Est. Cost $197.68 Unrealized -8.0%

NVDA NVIDIA CORPORATION 4.1%

Value ($000) $1,330 (-44.0%) Shares 7,132 (-45.4%) Est. Cost $104.54 Unrealized +78.1%

ORCL ORACLE CORP 4.5%

Value ($000) $1,472 (-40.3%) Shares 7,550 (-25.0%) Est. Cost $254.17 Unrealized -6.3%

AAPL APPLE INC 2.8%

Value ($000) $925 (-41.0%) Shares 3,404 (-44.8%) Est. Cost $173.00 Unrealized +55.1%

CMCSA COMCAST CORP NEW 3.3%

Value ($000) $1,072 (-24.2%) Shares 35,869 (-20.3%) Est. Cost $33.83 Unrealized -15.7%

MSFT MICROSOFT CORP 6.7%

Value ($000) $2,208 (-11.4%) Shares 4,565 (-5.7%) Est. Cost $373.95 Unrealized +33.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.4%

Value ($000) $780 (-8.0%) Shares 1,551 (-8.7%) Est. Cost $486.15 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	6,052 (-66.7%)	$2,095 (-51.7%)	6.4%	$294.23	+21.3%	COM	11135F101
VST	VISTRA CORP	8,058 (-42.5%)	$1,300 (-57.0%)	4.0%	$197.68	-8.0%	COM	92840M102
NVDA	NVIDIA CORPORATION	7,132 (-45.4%)	$1,330 (-44.0%)	4.1%	$104.54	+78.1%	COM	67066G104
ORCL	ORACLE CORP	7,550 (-25.0%)	$1,472 (-40.3%)	4.5%	$254.17	-6.3%	COM	68389X105
AAPL	APPLE INC	3,404 (-44.8%)	$925 (-41.0%)	2.8%	$173.00	+55.1%	COM	037833100
CMCSA	COMCAST CORP NEW	35,869 (-20.3%)	$1,072 (-24.2%)	3.3%	$33.83	-15.7%	CL A	20030N101
MSFT	MICROSOFT CORP	4,565 (-5.7%)	$2,208 (-11.4%)	6.7%	$373.95	+33.9%	COM	594918104
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,551 (-8.7%)	$780 (-8.0%)	2.4%	$486.15	+2.3%	CL B NEW	084670702