Templeton & Phillips Capital Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CELH	CELSIUS HLDGS INC	216,441	$9,900	6.6%	$50.38	0.0%	COM NEW	15118V207
CMG	CHIPOTLE MEXICAN GRILL INC	247,479	$9,157	6.1%	$36.17	0.0%	COM	169656105
FLEX	FLEX LTD	139,360	$8,420	5.6%	$61.77	0.0%	ORD	Y2573F102
FLS	FLOWSERVE CORP	110,670	$7,678	5.1%	$64.09	0.0%	COM	34354P105
YUMC	YUM CHINA HLDGS INC	131,675	$6,286	4.2%	$45.81	0.0%	COM	98850P109
LULU	LULULEMON ATHLETICA INC	11,530	$2,396	1.6%	$181.15	0.0%	COM	550021109
FDX	FEDEX CORP	731	$211	0.1%	$261.56	0.0%	COM	31428X106
HCA	HCA HEALTHCARE INC	451	$211	0.1%	$463.73	0.0%	COM	40412C101

Increased Positions (4)

GOOGL ALPHABET INC 8.4%

Value ($000) $12,626 (+396.4%) Shares 40,338 (+285.5%) Est. Cost $235.98 Unrealized +21.0%

BN BROOKFIELD CORP 7.2%

Value ($000) $10,818 (+14.3%) Shares 235,746 (+70.9%) Est. Cost $40.68 Unrealized +12.0%

PEP PEPSICO INC 0.4%

Value ($000) $612 (+125.7%) Shares 4,262 (+120.8%) Est. Cost $152.69 Unrealized -4.4%

VB VANGUARD INDEX FDS 0.3%

Value ($000) $426 (+68.3%) Shares 1,652 (+65.9%) Est. Cost $255.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	40,338 (+285.5%)	$12,626 (+396.4%)	8.4%	$235.98	+21.0%	CAP STK CL A	02079K305
BN	BROOKFIELD CORP	235,746 (+70.9%)	$10,818 (+14.3%)	7.2%	$40.68	+12.0%	CL A LTD VT SH	11271J107
PEP	PEPSICO INC	4,262 (+120.8%)	$612 (+125.7%)	0.4%	$152.69	-4.4%	COM	713448108
VB	VANGUARD INDEX FDS	1,652 (+65.9%)	$426 (+68.3%)	0.3%	$255.74	—	SMALL CP ETF	922908751

Exited Positions (14)

— UNILEVER PLC 5.9%

Value ($000) $8,897 Shares 150,081 Est. Cost $50.35 Unrealized —

PZZA PAPA JOHNS INTL INC 1.7%

Value ($000) $2,517 Shares 52,276 Est. Cost $41.63 Unrealized +4.1%

CP CANADIAN PACIFIC KANSAS CITY 1.4%

Value ($000) $2,135 Shares 28,660 Est. Cost $76.41 Unrealized -3.7%

— ISHARES TR 1.2%

Value ($000) $1,809 Shares 77,443 Est. Cost $23.33 Unrealized —

PTON PELOTON INTERACTIVE INC 0.9%

Value ($000) $1,414 Shares 157,116 Est. Cost $6.95 Unrealized +1.3%

SHAK SHAKE SHACK INC 0.3%

Value ($000) $468 Shares 5,000 Est. Cost $108.92 Unrealized -19.1%

KMI KINDER MORGAN INC DEL 0.3%

Value ($000) $453 Shares 16,000 Est. Cost $26.97 Unrealized -0.2%

STKL SUNOPTA INC 0.3%

Value ($000) $393 Shares 67,023 Est. Cost $6.65 Unrealized -31.8%

XYZ BLOCK INC 0.1%

Value ($000) $224 Shares 3,103 Est. Cost $68.34 Unrealized +0.9%

ABBV ABBVIE INC 0.1%

Value ($000) $202 Shares 871 Est. Cost $201.95 Unrealized +12.7%

AGZ ISHARES TR 0.1%

Value ($000) $111 Shares 1,008 Est. Cost $108.05 Unrealized —

TIP ISHARES TR 0.0%

Value ($000) $62 Shares 561 Est. Cost $107.41 Unrealized —

MBB ISHARES TR 0.0%

Value ($000) $53 Shares 553 Est. Cost $92.42 Unrealized —

PFF ISHARES TR 0.0%

Value ($000) $48 Shares 1,530 Est. Cost $32.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	UNILEVER PLC	150,081	$8,897	5.9%	$50.35	—	—	904767704
PZZA	PAPA JOHNS INTL INC	52,276	$2,517	1.7%	$41.63	+4.1%	—	698813102
CP	CANADIAN PACIFIC KANSAS CITY	28,660	$2,135	1.4%	$76.41	-3.7%	—	13646K108
—	ISHARES TR	77,443	$1,809	1.2%	$23.33	—	—	46436E866
PTON	PELOTON INTERACTIVE INC	157,116	$1,414	0.9%	$6.95	+1.3%	—	70614W100
SHAK	SHAKE SHACK INC	5,000	$468	0.3%	$108.92	-19.1%	—	819047101
KMI	KINDER MORGAN INC DEL	16,000	$453	0.3%	$26.97	-0.2%	—	49456B101
STKL	SUNOPTA INC	67,023	$393	0.3%	$6.65	-31.8%	—	8676EP108
XYZ	BLOCK INC	3,103	$224	0.1%	$68.34	+0.9%	—	852234103
ABBV	ABBVIE INC	871	$202	0.1%	$201.95	+12.7%	—	00287Y109
AGZ	ISHARES TR	1,008	$111	0.1%	$108.05	—	—	464288166
TIP	ISHARES TR	561	$62	0.0%	$107.41	—	—	464287176
MBB	ISHARES TR	553	$53	0.0%	$92.42	—	—	464288588
PFF	ISHARES TR	1,530	$48	0.0%	$32.23	—	—	464288687

Decreased Positions (9)

V VISA INC 0.3%

Value ($000) $481 (-95.1%) Shares 1,371 (-95.3%) Est. Cost $196.98 Unrealized +72.8%

AMZN AMAZON COM INC 2.5%

Value ($000) $3,745 (-70.1%) Shares 16,225 (-71.6%) Est. Cost $100.32 Unrealized +128.0%

DG DOLLAR GEN CORP NEW 2.4%

Value ($000) $3,559 (-62.1%) Shares 26,808 (-70.5%) Est. Cost $74.36 Unrealized +50.0%

HDB HDFC BANK LTD 4.4%

Value ($000) $6,564 (-29.7%) Shares 179,640 (-34.3%) Est. Cost $51.19 Unrealized —

PRM PERIMETER SOLUTIONS INC 2.1%

Value ($000) $3,198 (-24.8%) Shares 116,151 (-38.8%) Est. Cost $13.03 Unrealized +93.9%

MDLZ MONDELEZ INTL INC 0.2%

Value ($000) $354 (-19.9%) Shares 6,584 (-7.1%) Est. Cost $58.37 Unrealized -2.2%

WMT WALMART INC 0.2%

Value ($000) $347 (+6.0%) Shares 3,117 (-2.0%) Est. Cost $62.95 Unrealized +70.3%

DIS DISNEY WALT CO 0.2%

Value ($000) $232 (-3.1%) Shares 2,039 (-2.5%) Est. Cost $105.51 Unrealized +3.8%

IWM ISHARES TR 0.0%

Value ($000) $29 (-4.7%) Shares 118 (-6.3%) Est. Cost $220.24 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	1,371 (-95.3%)	$481 (-95.1%)	0.3%	$196.98	+72.8%	COM CL A	92826C839
AMZN	AMAZON COM INC	16,225 (-71.6%)	$3,745 (-70.1%)	2.5%	$100.32	+128.0%	COM	023135106
DG	DOLLAR GEN CORP NEW	26,808 (-70.5%)	$3,559 (-62.1%)	2.4%	$74.36	+50.0%	COM	256677105
HDB	HDFC BANK LTD	179,640 (-34.3%)	$6,564 (-29.7%)	4.4%	$51.19	—	SPONSORED ADS	40415F101
PRM	PERIMETER SOLUTIONS INC	116,151 (-38.8%)	$3,198 (-24.8%)	2.1%	$13.03	+93.9%	COMMON STOCK	71385M107
MDLZ	MONDELEZ INTL INC	6,584 (-7.1%)	$354 (-19.9%)	0.2%	$58.37	-2.2%	CL A	609207105
WMT	WALMART INC	3,117 (-2.0%)	$347 (+6.0%)	0.2%	$62.95	+70.3%	COM	931142103
DIS	DISNEY WALT CO	2,039 (-2.5%)	$232 (-3.1%)	0.2%	$105.51	+3.8%	COM	254687106
IWM	ISHARES TR	118 (-6.3%)	$29 (-4.7%)	0.0%	$220.24	—	RUSSELL 2000 ETF	464287655

Unchanged Positions (24)

COKE COCA COLA CONS INC 2.1%

Value ($000) $3,132 Shares 20,430 Est. Cost $115.11 Unrealized +27.2%

CSIQ CANADIAN SOLAR INC 0.3%

Value ($000) $505 Shares 21,250 Est. Cost $13.32 Unrealized +63.6%

TTI TETRA TECHNOLOGIES INC DEL 0.3%

Value ($000) $436 Shares 46,580 Est. Cost $4.27 Unrealized +80.7%

GOOG ALPHABET INC 0.4%

Value ($000) $648 Shares 2,064 Est. Cost $94.73 Unrealized +202.3%

FICO FAIR ISAAC CORP 0.8%

Value ($000) $1,221 Shares 722 Est. Cost $1292.47 Unrealized +33.2%

PTEN PATTERSON-UTI ENERGY INC 0.5%

Value ($000) $695 Shares 113,790 Est. Cost $5.75 Unrealized +3.8%

LLY ELI LILLY & CO 0.2%

Value ($000) $329 Shares 306 Est. Cost $702.49 Unrealized +36.0%

COST COSTCO WHSL CORP NEW 0.4%

Value ($000) $665 Shares 771 Est. Cost $773.82 Unrealized +17.0%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $203 Shares 1,385 Est. Cost $178.73 Unrealized —

BELFB BEL FUSE INC 0.2%

Value ($000) $245 Shares 1,443 Est. Cost $127.32 Unrealized +22.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 32.1%

Value ($000) $48,232 Shares 95,956 Est. Cost $296.98 Unrealized +67.5%

BK BANK NEW YORK MELLON CORP 0.3%

Value ($000) $418 Shares 3,601 Est. Cost $55.73 Unrealized +98.3%

CVLG COVENANT LOGISTICS GROUP INC 1.0%

Value ($000) $1,488 Shares 80,134 Est. Cost $21.63 Unrealized -3.3%

AAPL APPLE INC 0.2%

Value ($000) $364 Shares 1,340 Est. Cost $182.87 Unrealized +46.7%

IBN ICICI BANK LIMITED 1.3%

Value ($000) $1,991 Shares 66,817 Est. Cost $31.32 Unrealized —

TRV TRAVELERS COMPANIES INC 0.2%

Value ($000) $292 Shares 1,005 Est. Cost $208.89 Unrealized +34.3%

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $440 Shares 645 Est. Cost $544.22 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $392 Shares 2,778 Est. Cost $137.80 Unrealized —

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $343 Shares 1,065 Est. Cost $173.61 Unrealized +78.3%

IEV ISHARES TR 0.1%

Value ($000) $77 Shares 1,124 Est. Cost $55.67 Unrealized —

SPSM SPDR SERIES TRUST 0.3%

Value ($000) $484 Shares 10,319 Est. Cost $42.63 Unrealized —

LQD ISHARES TR 0.1%

Value ($000) $156 Shares 1,416 Est. Cost $108.92 Unrealized —

IWF ISHARES TR 0.1%

Value ($000) $142 Shares 300 Est. Cost $337.05 Unrealized —

EEM ISHARES TR 0.0%

Value ($000) $19 Shares 343 Est. Cost $41.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COKE	COCA COLA CONS INC	20,430	$3,132	2.1%	$115.11	+27.2%	COM	191098102
CSIQ	CANADIAN SOLAR INC	21,250	$505	0.3%	$13.32	+63.6%	COM	136635109
TTI	TETRA TECHNOLOGIES INC DEL	46,580	$436	0.3%	$4.27	+80.7%	COM	88162F105
GOOG	ALPHABET INC	2,064	$648	0.4%	$94.73	+202.3%	CAP STK CL C	02079K107
FICO	FAIR ISAAC CORP	722	$1,221	0.8%	$1292.47	+33.2%	COM	303250104
PTEN	PATTERSON-UTI ENERGY INC	113,790	$695	0.5%	$5.75	+3.8%	COM	703481101
LLY	ELI LILLY & CO	306	$329	0.2%	$702.49	+36.0%	COM	532457108
COST	COSTCO WHSL CORP NEW	771	$665	0.4%	$773.82	+17.0%	COM	22160K105
BABA	ALIBABA GROUP HLDG LTD	1,385	$203	0.1%	$178.73	—	SPONSORED ADS	01609W102
BELFB	BEL FUSE INC	1,443	$245	0.2%	$127.32	+22.7%	CL B	077347300
BRK/B	BERKSHIRE HATHAWAY INC DEL	95,956	$48,232	32.1%	$296.98	+67.5%	CL B NEW	084670702
BK	BANK NEW YORK MELLON CORP	3,601	$418	0.3%	$55.73	+98.3%	COM	064058100
CVLG	COVENANT LOGISTICS GROUP INC	80,134	$1,488	1.0%	$21.63	-3.3%	CL A	22284P105
AAPL	APPLE INC	1,340	$364	0.2%	$182.87	+46.7%	COM	037833100
IBN	ICICI BANK LIMITED	66,817	$1,991	1.3%	$31.32	—	ADR	45104G104
TRV	TRAVELERS COMPANIES INC	1,005	$292	0.2%	$208.89	+34.3%	COM	89417E109
SPY	SPDR S&P 500 ETF TR	645	$440	0.3%	$544.22	—	TR UNIT	78462F103
VT	VANGUARD INTL EQUITY INDEX F	2,778	$392	0.3%	$137.80	—	TT WRLD ST ETF	922042742
JPM	JPMORGAN CHASE & CO.	1,065	$343	0.2%	$173.61	+78.3%	COM	46625H100
IEV	ISHARES TR	1,124	$77	0.1%	$55.67	—	EUROPE ETF	464287861
SPSM	SPDR SERIES TRUST	10,319	$484	0.3%	$42.63	—	STATE STREET SPD	78468R853
LQD	ISHARES TR	1,416	$156	0.1%	$108.92	—	IBOXX INV CP ETF	464287242
IWF	ISHARES TR	300	$142	0.1%	$337.05	—	RUS 1000 GRW ETF	464287614
EEM	ISHARES TR	343	$19	0.0%	$41.08	—	MSCI EMG MKT ETF	464287234