Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SCZ	ISHARES TR	57,700 (+10.3%)	$4.87M (+13.1%)	0.2%	$84.40	$61.10	+38.2%	EAFE SML CP ETF	464288273
MRK	MERCK & CO INC	7,421 (+1.7%)	$1.078M (+15.0%)	0.0%	$145.31	$91.12	+59.5%	COM	58933Y105
VB	VANGUARD INDEX FDS	265,128 (+6.5%)	$75.43M (-0.1%)	2.4%	$284.49	$242.65	+17.2%	SMALL CP ETF	922908751

Exited Positions (19)

USB US BANCORP 1.2%

Value $37.75M Shares 625,000 Share Price $60.40 * Est. Cost/Share $40.42 Unrealized @ Report Date +42.9%

TFC TRUIST FINL CORP 0.4%

Value $14.35M Shares 288,000 Share Price $49.82 * Est. Cost/Share $37.53 Unrealized @ Report Date +23.4%

AVB AVALONBAY CMNTYS INC 0.4%

Value $12.26M Shares 65,000 Share Price $188.69 Est. Cost/Share $191.60 Unrealized @ Report Date —

TD TORONTO DOMINION BK ONT 0.2%

Value $5.112M Shares 42,096 Share Price $121.43 * Est. Cost/Share $65.25 Unrealized @ Report Date +80.1%

WDAY WORKDAY INC 0.2%

Value $4.909M Shares 40,100 Share Price $122.42 * Est. Cost/Share $205.45 Unrealized @ Report Date -7.3%

ORCL ORACLE CORP 0.1%

Value $2.125M Shares 14,500 Share Price $146.55 * Est. Cost/Share $157.03 Unrealized @ Report Date -12.6%

GHM GRAHAM CORP 0.0%

Value $1.362M Shares 11,000 Share Price $123.79 * Est. Cost/Share $10.52 Unrealized @ Report Date +720.1%

WBD WARNER BROS DISCOVERY INC 0.0%

Value $627K Shares 23,527 Share Price $26.66 * Est. Cost/Share $11.19 Unrealized @ Report Date +176.5%

CVS CVS HEALTH CORP 0.0%

Value $601K Shares 5,811 Share Price $103.45 * Est. Cost/Share $79.17 Unrealized @ Report Date +8.2%

VOD VODAFONE GROUP PLC 0.0%

Value $525K Shares 39,733 Share Price $13.22 * Est. Cost/Share $10.60 Unrealized @ Report Date +52.4%

CL COLGATE PALMOLIVE CO 0.0%

Value $513K Shares 5,600 Share Price $91.68 * Est. Cost/Share $69.91 Unrealized @ Report Date +22.0%

ADI ANALOG DEVICES INC 0.0%

Value $506K Shares 1,275 Share Price $397.17 Est. Cost/Share $147.75 Unrealized @ Report Date +168.5%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value $396K Shares 10,232 Share Price $38.73 * Est. Cost/Share $74.97 Unrealized @ Report Date -23.4%

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $379K Shares 405 Share Price $935.47 * Est. Cost/Share $918.53 Unrealized @ Report Date -0.9%

MCO MOODYS CORP 0.0%

Value $373K Shares 823 Share Price $452.92 Est. Cost/Share $474.18 Unrealized @ Report Date -4.2%

PRLB PROTO LABS INC 0.0%

Value $367K Shares 4,500 Share Price $81.51 * Est. Cost/Share $45.82 Unrealized @ Report Date +107.0%

UNP UNION PAC CORP 0.0%

Value $278K Shares 1,022 Share Price $272.00 Est. Cost/Share $235.50 Unrealized @ Report Date +15.6%

FTV FORTIVE CORP 0.0%

Value $266K Shares 4,350 Share Price $61.09 * Est. Cost/Share $58.14 Unrealized @ Report Date -5.7%

FLS FLOWSERVE CORP 0.0%

Value $207K Shares 2,790 Share Price $74.16 Est. Cost/Share $79.24 Unrealized @ Report Date -7.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
USB	US BANCORP	625,000	$37.75M	1.2%	$60.40 *	$40.42	+42.9%	—	902973304
TFC	TRUIST FINL CORP	288,000	$14.35M	0.4%	$49.82 *	$37.53	+23.4%	—	89832Q109
AVB	AVALONBAY CMNTYS INC	65,000	$12.26M	0.4%	$188.69	$191.60	—	—	053484101
TD	TORONTO DOMINION BK ONT	42,096	$5.112M	0.2%	$121.43 *	$65.25	+80.1%	—	891160509
WDAY	WORKDAY INC	40,100	$4.909M	0.2%	$122.42 *	$205.45	-7.3%	—	98138H101
ORCL	ORACLE CORP	14,500	$2.125M	0.1%	$146.55 *	$157.03	-12.6%	—	68389X105
GHM	GRAHAM CORP	11,000	$1.362M	0.0%	$123.79 *	$10.52	+720.1%	—	384556106
WBD	WARNER BROS DISCOVERY INC	23,527	$627K	0.0%	$26.66 *	$11.19	+176.5%	—	934423104
CVS	CVS HEALTH CORP	5,811	$601K	0.0%	$103.45 *	$79.17	+8.2%	—	126650100
VOD	VODAFONE GROUP PLC	39,733	$525K	0.0%	$13.22 *	$10.60	+52.4%	—	92857W308
CL	COLGATE PALMOLIVE CO	5,600	$513K	0.0%	$91.68 *	$69.91	+22.0%	—	194162103
ADI	ANALOG DEVICES INC	1,275	$506K	0.0%	$397.17	$147.75	+168.5%	—	032654105
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	10,232	$396K	0.0%	$38.73 *	$74.97	-23.4%	—	192446102
COST	COSTCO WHOLESALE CORPORATION	405	$379K	0.0%	$935.47 *	$918.53	-0.9%	—	22160K105
MCO	MOODYS CORP	823	$373K	0.0%	$452.92	$474.18	-4.2%	—	615369105
PRLB	PROTO LABS INC	4,500	$367K	0.0%	$81.51 *	$45.82	+107.0%	—	743713109
UNP	UNION PAC CORP	1,022	$278K	0.0%	$272.00	$235.50	+15.6%	—	907818108
FTV	FORTIVE CORP	4,350	$266K	0.0%	$61.09 *	$58.14	-5.7%	—	34959J108
FLS	FLOWSERVE CORP	2,790	$207K	0.0%	$74.16	$79.24	-7.7%	—	34354P105

Decreased Positions (28)

XNTK SPDR SERIES TRUST 5.2%

Value $165M (-67.2%) Shares 431,750 (-66.5%) Share Price $382.19 Est. Cost/Share $138.28 Unrealized @ Report Date +176.4%

SPDW SPDR INDEX SHS FDS 18.0%

Value $575M (-25.1%) Shares 11,452,145 (-24.8%) Share Price $50.21 Est. Cost/Share $38.04 Unrealized @ Report Date +32.0%

ITOT ISHARES TR 11.3%

Value $360M (-27.8%) Shares 2,165,694 (-28.7%) Share Price $166.28 Est. Cost/Share $104.20 Unrealized @ Report Date +59.6%

GOOG ALPHABET INC 2.3%

Value $74.95M (-54.1%) Shares 219,974 (-52.4%) Share Price $340.74 Est. Cost/Share $140.38 Unrealized @ Report Date +142.7%

IDEV ISHARES TR 4.3%

Value $136M (-36.6%) Shares 1,522,000 (-36.9%) Share Price $89.46 Est. Cost/Share $69.38 Unrealized @ Report Date +29.0%

EFV ISHARES TR 7.4%

Value $235M (-22.4%) Shares 2,973,500 (-25.0%) Share Price $79.14 Est. Cost/Share $58.78 Unrealized @ Report Date +34.6%

CSCO CISCO SYS INC 0.1%

Value $2.891M (-95.8%) Shares 26,863 (-95.4%) Share Price $107.63 Est. Cost/Share $47.09 Unrealized @ Report Date +128.6%

VWO VANGUARD INTL EQUITY INDEX F 0.9%

Value $29.96M (-61.7%) Shares 505,216 (-61.5%) Share Price $59.31 Est. Cost/Share $45.52 Unrealized @ Report Date +30.3%

PII POLARIS INC 1.2%

Value $37.29M (-47.4%) Shares 715,000 (-30.9%) Share Price $52.15 Est. Cost/Share $37.93 Unrealized @ Report Date +37.5%

Q QNITY ELECTRONICS INC 0.0%

Value $236K (-99.3%) Shares 1,875 (-99.1%) Share Price $125.74 Est. Cost/Share $106.22 Unrealized @ Report Date +18.4%

AMZN AMAZON COM INC 2.1%

Value $66.89M (-21.7%) Shares 268,463 (-25.1%) Share Price $249.15 Est. Cost/Share $133.75 Unrealized @ Report Date +86.3%

GE GE AEROSPACE 0.9%

Value $27.96M (-38.4%) Shares 89,536 (-26.3%) Share Price $312.29 Est. Cost/Share $218.55 Unrealized @ Report Date +42.9%

JNJ JOHNSON & JOHNSON 1.9%

Value $60.27M (-22.2%) Shares 227,662 (-25.3%) Share Price $264.74 Est. Cost/Share $158.91 Unrealized @ Report Date +66.6%

IEMG ISHARES INC 0.5%

Value $16.23M (-45.6%) Shares 200,000 (-44.4%) Share Price $81.16 Est. Cost/Share $52.93 Unrealized @ Report Date +53.3%

MSFT MICROSOFT CORP 1.7%

Value $52.97M (+32.8%) Shares 103,281 (-3.4%) Share Price $512.90 Est. Cost/Share $416.74 Unrealized @ Report Date +23.1%

DVYE ISHARES INC 0.2%

Value $6.12M (-62.0%) Shares 180,000 (-64.0%) Share Price $34.00 Est. Cost/Share $27.12 Unrealized @ Report Date +25.3%

META META PLATFORMS INC 2.6%

Value $84.71M (+10.7%) Shares 116,813 (-14.0%) Share Price $725.18 Est. Cost/Share $549.83 Unrealized @ Report Date +31.9%

RTX RTX CORPORATION 0.2%

Value $5.18M (-32.9%) Shares 27,900 (-31.4%) Share Price $185.65 Est. Cost/Share $116.31 Unrealized @ Report Date +59.6%

AAPL APPLE INC 0.1%

Value $2.041M (-52.4%) Shares 6,128 (-58.6%) Share Price $333.02 Est. Cost/Share $140.70 Unrealized @ Report Date +136.7%

AMAT APPLIED MATLS INC 0.1%

Value $2.564M (-41.6%) Shares 5,014 (-17.4%) Share Price $511.38 Est. Cost/Share $93.28 Unrealized @ Report Date +448.2%

MMM 3M CO 0.2%

Value $7.878M (-17.2%) Shares 47,990 (-18.4%) Share Price $164.15 Est. Cost/Share $117.82 Unrealized @ Report Date +39.3%

NVS NOVARTIS AG 0.1%

Value $3.756M (-28.6%) Shares 26,347 (-21.5%) Share Price $142.57 Est. Cost/Share $108.68 Unrealized @ Report Date +31.2%

QCOM QUALCOMM INC 0.0%

Value $1.031M (-28.9%) Shares 5,600 (-28.6%) Share Price $184.04 Est. Cost/Share $158.37 Unrealized @ Report Date +16.2%

SYK STRYKER CORPORATION 0.1%

Value $2.203M (-15.6%) Shares 8,000 (-3.5%) Share Price $275.39 Est. Cost/Share $294.85 Unrealized @ Report Date -6.6%

EXPD EXPEDITORS INTL WASH INC 0.0%

Value $329K (-50.7%) Shares 1,783 (-56.5%) Share Price $184.64 Est. Cost/Share $99.92 Unrealized @ Report Date +84.8%

CME CME GROUP INC 0.0%

Value $278K (-35.8%) Shares 1,060 (-45.9%) Share Price $261.98 Est. Cost/Share $241.82 Unrealized @ Report Date +8.3%

T AT&T INC 0.0%

Value $306K (-32.9%) Shares 12,553 (-43.1%) Share Price $24.40 Est. Cost/Share $22.50 Unrealized @ Report Date +8.5%

OTIS OTIS WORLDWIDE CORP 0.0%

Value $326K (-28.8%) Shares 5,068 (-20.7%) Share Price $64.32 Est. Cost/Share $75.66 Unrealized @ Report Date -15.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XNTK	SPDR SERIES TRUST	431,750 (-66.5%)	$165M (-67.2%)	5.2%	$382.19	$138.28	+176.4%	ST STR NYSE TECH	78464A102
SPDW	SPDR INDEX SHS FDS	11,452,145 (-24.8%)	$575M (-25.1%)	18.0%	$50.21	$38.04	+32.0%	ST STR PO EX ETF	78463X889
ITOT	ISHARES TR	2,165,694 (-28.7%)	$360M (-27.8%)	11.3%	$166.28	$104.20	+59.6%	CORE S&P TTL STK	464287150
GOOG	ALPHABET INC	219,974 (-52.4%)	$74.95M (-54.1%)	2.3%	$340.74	$140.38	+142.7%	CAP STK CL C	02079K107
IDEV	ISHARES TR	1,522,000 (-36.9%)	$136M (-36.6%)	4.3%	$89.46	$69.38	+29.0%	CORE MSCI INTL	46435G326
EFV	ISHARES TR	2,973,500 (-25.0%)	$235M (-22.4%)	7.4%	$79.14	$58.78	+34.6%	EAFE VALUE ETF	464288877
CSCO	CISCO SYS INC	26,863 (-95.4%)	$2.891M (-95.8%)	0.1%	$107.63	$47.09	+128.6%	COM	17275R102
VWO	VANGUARD INTL EQUITY INDEX F	505,216 (-61.5%)	$29.96M (-61.7%)	0.9%	$59.31	$45.52	+30.3%	FTSE EMR MKT ETF	922042858
PII	POLARIS INC	715,000 (-30.9%)	$37.29M (-47.4%)	1.2%	$52.15	$37.93	+37.5%	COM	731068102
Q	QNITY ELECTRONICS INC	1,875 (-99.1%)	$236K (-99.3%)	0.0%	$125.74	$106.22	+18.4%	COMMON STOCK	74743L100
AMZN	AMAZON COM INC	268,463 (-25.1%)	$66.89M (-21.7%)	2.1%	$249.15	$133.75	+86.3%	COM	023135106
GE	GE AEROSPACE	89,536 (-26.3%)	$27.96M (-38.4%)	0.9%	$312.29	$218.55	+42.9%	COM NEW	369604301
JNJ	JOHNSON & JOHNSON	227,662 (-25.3%)	$60.27M (-22.2%)	1.9%	$264.74	$158.91	+66.6%	COM	478160104
IEMG	ISHARES INC	200,000 (-44.4%)	$16.23M (-45.6%)	0.5%	$81.16	$52.93	+53.3%	CORE MSCI EMKT	46434G103
MSFT	MICROSOFT CORP	103,281 (-3.4%)	$52.97M (+32.8%)	1.7%	$512.90	$416.74	+23.1%	COM	594918104
DVYE	ISHARES INC	180,000 (-64.0%)	$6.12M (-62.0%)	0.2%	$34.00	$27.12	+25.3%	EM MKTS DIV ETF	464286319
META	META PLATFORMS INC	116,813 (-14.0%)	$84.71M (+10.7%)	2.6%	$725.18	$549.83	+31.9%	CL A	30303M102
RTX	RTX CORPORATION	27,900 (-31.4%)	$5.18M (-32.9%)	0.2%	$185.65	$116.31	+59.6%	COM	75513E101
AAPL	APPLE INC	6,128 (-58.6%)	$2.041M (-52.4%)	0.1%	$333.02	$140.70	+136.7%	COM	037833100
AMAT	APPLIED MATLS INC	5,014 (-17.4%)	$2.564M (-41.6%)	0.1%	$511.38	$93.28	+448.2%	COM	038222105
MMM	3M CO	47,990 (-18.4%)	$7.878M (-17.2%)	0.2%	$164.15	$117.82	+39.3%	COM	88579Y101
NVS	NOVARTIS AG	26,347 (-21.5%)	$3.756M (-28.6%)	0.1%	$142.57	$108.68	+31.2%	SPONSORED ADR	66987V109
QCOM	QUALCOMM INC	5,600 (-28.6%)	$1.031M (-28.9%)	0.0%	$184.04	$158.37	+16.2%	COM	747525103
SYK	STRYKER CORPORATION	8,000 (-3.5%)	$2.203M (-15.6%)	0.1%	$275.39	$294.85	-6.6%	COM	863667101
EXPD	EXPEDITORS INTL WASH INC	1,783 (-56.5%)	$329K (-50.7%)	0.0%	$184.64	$99.92	+84.8%	COM	302130109
CME	CME GROUP INC	1,060 (-45.9%)	$278K (-35.8%)	0.0%	$261.98	$241.82	+8.3%	COM	12572Q105
T	AT&T INC	12,553 (-43.1%)	$306K (-32.9%)	0.0%	$24.40	$22.50	+8.5%	COM	00206R102
OTIS	OTIS WORLDWIDE CORP	5,068 (-20.7%)	$326K (-28.8%)	0.0%	$64.32	$75.66	-15.0%	COM	68902V107

Unchanged Positions (45)

GEV GE VERNOVA INC 0.9%

Value $28.88M Shares 30,383 Share Price $950.49 Est. Cost/Share $459.18 Unrealized @ Report Date +107.0%

BDX BECTON DICKINSON & CO 1.0%

Value $32.64M Shares 182,355 Share Price $179.00 Est. Cost/Share $184.48 Unrealized @ Report Date -3.0%

SPMD SPDR SERIES TRUST 2.0%

Value $65.58M Shares 1,040,000 Share Price $63.06 Est. Cost/Share $51.45 Unrealized @ Report Date +22.5%

SPYD SPDR SERIES TRUST 2.9%

Value $93.46M Shares 2,059,700 Share Price $45.38 Est. Cost/Share $42.01 Unrealized @ Report Date +8.0%

AMSF AMERISAFE INC 0.3%

Value $10.09M Shares 426,900 Share Price $23.63 Est. Cost/Share $41.95 Unrealized @ Report Date -43.7%

PEP PEPSICO INC 1.3%

Value $41.73M Shares 329,278 Share Price $126.72 Est. Cost/Share $157.29 Unrealized @ Report Date -19.4%

BAX BAXTER INTL INC 0.8%

Value $25.2M Shares 1,050,000 Share Price $24.00 Est. Cost/Share $30.21 Unrealized @ Report Date -20.6%

FNDF SCHWAB STRATEGIC TR 4.5%

Value $145M Shares 2,703,000 Share Price $53.77 Est. Cost/Share $38.66 Unrealized @ Report Date +39.0%

VCR VANGUARD WORLD FD 0.9%

Value $29.63M Shares 80,700 Share Price $367.19 Est. Cost/Share $299.71 Unrealized @ Report Date +21.7%

VYM VANGUARD WHITEHALL FDS 3.5%

Value $112M Shares 724,200 Share Price $155.20 Est. Cost/Share $127.30 Unrealized @ Report Date +21.9%

XLRE SELECT SECTOR SPDR TR 0.7%

Value $23.89M Shares 584,048 Share Price $40.91 Est. Cost/Share $41.39 Unrealized @ Report Date -1.2%

OTF BLUE OWL TECHNOLOGY FIN CORP 0.9%

Value $30.25M Shares 3,083,763 Share Price $9.81 Est. Cost/Share $11.12 Unrealized @ Report Date -11.8%

FMC FMC CORP 0.1%

Value $4.014M Shares 450,000 Share Price $8.92 Est. Cost/Share $53.55 Unrealized @ Report Date -83.3%

EPD ENTERPRISE PRODS PARTNERS L 1.1%

Value $35.61M Shares 1,000,000 Share Price $35.61 Est. Cost/Share $27.91 Unrealized @ Report Date —

HMC HONDA MOTOR CO LTD 0.2%

Value $5.314M Shares 168,150 Share Price $31.60 Est. Cost/Share $28.54 Unrealized @ Report Date +10.7%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value $2.828M Shares 4,190 Share Price $675.05 Est. Cost/Share $539.56 Unrealized @ Report Date +25.1%

VEA VANGUARD TAX-MANAGED FDS 2.3%

Value $73.84M Shares 1,045,750 Share Price $70.61 Est. Cost/Share $52.39 Unrealized @ Report Date +34.8%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.7%

Value $23.08M Shares 353,051 Share Price $65.37 Est. Cost/Share $71.12 Unrealized @ Report Date -8.1%

KHC KRAFT HEINZ CO 0.4%

Value $11.94M Shares 525,731 Share Price $22.72 Est. Cost/Share $27.48 Unrealized @ Report Date -17.3%

IUSV ISHARES TR 3.0%

Value $95.58M Shares 864,000 Share Price $110.62 Est. Cost/Share $90.08 Unrealized @ Report Date +22.4%

DOW DOW HLDGS INC 1.4%

Value $44.37M Shares 1,611,000 Share Price $27.54 Est. Cost/Share $27.83 Unrealized @ Report Date -1.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 3.6%

Value $117M Shares 156 Share Price $747005.00 Est. Cost/Share $726154.25 Unrealized @ Report Date +2.9%

CARR CARRIER GLOBAL CORPORATION 0.0%

Value $701K Shares 12,787 Share Price $54.86 Est. Cost/Share $62.97 Unrealized @ Report Date -12.9%

KO COCA COLA CO 0.1%

Value $3.762M Shares 43,700 Share Price $86.08 Est. Cost/Share $69.06 Unrealized @ Report Date +24.6%

DGRO ISHARES TR 1.2%

Value $38.79M Shares 514,500 Share Price $75.39 Est. Cost/Share $60.20 Unrealized @ Report Date +25.2%

UPS UNITED PARCEL SVCS INC 0.0%

Value $1.149M Shares 12,300 Share Price $93.44 Est. Cost/Share $117.77 Unrealized @ Report Date -20.7%

DOV DOVER CORP 0.0%

Value $729K Shares 3,900 Share Price $187.05 Est. Cost/Share $189.03 Unrealized @ Report Date -1.0%

LIN LINDE PLC 0.0%

Value $1.471M Shares 3,100 Share Price $474.65 Est. Cost/Share $441.99 Unrealized @ Report Date +7.4%

MSM MSC INDL DIRECT INC 0.1%

Value $3.279M Shares 26,500 Share Price $123.72 Est. Cost/Share $81.56 Unrealized @ Report Date +51.7%

PNC PNC FINL SVCS GROUP INC 0.0%

Value $1.111M Shares 5,000 Share Price $222.26 Est. Cost/Share $174.88 Unrealized @ Report Date +27.1%

SNA SNAP ON INC 0.0%

Value $1.081M Shares 2,975 Share Price $363.35 Est. Cost/Share $331.37 Unrealized @ Report Date +9.7%

BLK BLACKROCK INC 0.0%

Value $1.27M Shares 1,200 Share Price $1058.29 Est. Cost/Share $961.85 Unrealized @ Report Date +10.0%

VTI VANGUARD INDEX FDS 0.2%

Value $7.859M Shares 21,000 Share Price $374.24 Est. Cost/Share $307.10 Unrealized @ Report Date +21.9%

ABT ABBOTT LABORATORIES 0.0%

Value $826K Shares 8,358 Share Price $98.83 Est. Cost/Share $97.62 Unrealized @ Report Date +1.2%

HDV ISHARES TR 0.1%

Value $3.327M Shares 119,000 Share Price $27.96 Est. Cost/Share $26.38 Unrealized @ Report Date +6.0%

AVGO BROADCOM INC 0.0%

Value $839K Shares 2,390 Share Price $351.19 Est. Cost/Share $209.61 Unrealized @ Report Date +67.5%

SYY SYSCO CORP 0.0%

Value $865K Shares 11,100 Share Price $77.96 Est. Cost/Share $71.87 Unrealized @ Report Date +8.5%

ZBH ZIMMER BIOMET HOLDINGS INC 0.1%

Value $1.985M Shares 22,350 Share Price $88.83 Est. Cost/Share $108.21 Unrealized @ Report Date -17.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value $4.79M Shares 9,619 Share Price $497.95 Est. Cost/Share $455.25 Unrealized @ Report Date +9.4%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value $460K Shares 10,033 Share Price $45.87 Est. Cost/Share $37.74 Unrealized @ Report Date +21.5%

PG PROCTER & GAMBLE CO 0.1%

Value $3.598M Shares 24,769 Share Price $145.28 Est. Cost/Share $149.38 Unrealized @ Report Date -2.7%

ITW ILLINOIS TOOL WKS INC 0.0%

Value $656K Shares 2,550 Share Price $257.28 Est. Cost/Share $250.60 Unrealized @ Report Date +2.7%

ECL ECOLAB INC 0.0%

Value $988K Shares 3,600 Share Price $274.58 Est. Cost/Share $249.22 Unrealized @ Report Date +10.2%

RIO RIO TINTO PLC 0.0%

Value $904K Shares 9,600 Share Price $94.17 Est. Cost/Share $61.56 Unrealized @ Report Date +53.0%

MDLZ MONDELEZ INTL INC 0.0%

Value $613K Shares 10,600 Share Price $57.82 Est. Cost/Share $59.70 Unrealized @ Report Date -3.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GEV	GE VERNOVA INC	30,383	$28.88M	0.9%	$950.49	$459.18	+107.0%	COM	36828A101
BDX	BECTON DICKINSON & CO	182,355	$32.64M	1.0%	$179.00	$184.48	-3.0%	COM	075887109
SPMD	SPDR SERIES TRUST	1,040,000	$65.58M	2.0%	$63.06	$51.45	+22.5%	ST STR P400MID	78464A847
SPYD	SPDR SERIES TRUST	2,059,700	$93.46M	2.9%	$45.38	$42.01	+8.0%	ST STR SP500DIV	78468R788
AMSF	AMERISAFE INC	426,900	$10.09M	0.3%	$23.63	$41.95	-43.7%	COM	03071H100
PEP	PEPSICO INC	329,278	$41.73M	1.3%	$126.72	$157.29	-19.4%	COM	713448108
BAX	BAXTER INTL INC	1,050,000	$25.2M	0.8%	$24.00	$30.21	-20.6%	COM	071813109
FNDF	SCHWAB STRATEGIC TR	2,703,000	$145M	4.5%	$53.77	$38.66	+39.0%	FUNDAMENTAL INTL	808524755
VCR	VANGUARD WORLD FD	80,700	$29.63M	0.9%	$367.19	$299.71	+21.7%	CONSUM DIS ETF	92204A108
VYM	VANGUARD WHITEHALL FDS	724,200	$112M	3.5%	$155.20	$127.30	+21.9%	HIGH DIV YLD	921946406
XLRE	SELECT SECTOR SPDR TR	584,048	$23.89M	0.7%	$40.91	$41.39	-1.2%	ST STR REAL ETF	81369Y860
OTF	BLUE OWL TECHNOLOGY FIN CORP	3,083,763	$30.25M	0.9%	$9.81	$11.12	-11.8%	COMMON STOCK	095924106
FMC	FMC CORP	450,000	$4.014M	0.1%	$8.92	$53.55	-83.3%	COM NEW	302491303
EPD	ENTERPRISE PRODS PARTNERS L	1,000,000	$35.61M	1.1%	$35.61	$27.91	—	COM	293792107
HMC	HONDA MOTOR CO LTD	168,150	$5.314M	0.2%	$31.60	$28.54	+10.7%	ADR ECH CNV IN 3	438128308
TMO	THERMO FISHER SCIENTIFIC INC	4,190	$2.828M	0.1%	$675.05	$539.56	+25.1%	COM	883556102
VEA	VANGUARD TAX-MANAGED FDS	1,045,750	$73.84M	2.3%	$70.61	$52.39	+34.8%	VAN FTSE DEV MKT	921943858
GEHC	GE HEALTHCARE TECHNOLOGIES I	353,051	$23.08M	0.7%	$65.37	$71.12	-8.1%	COMMON STOCK	36266G107
KHC	KRAFT HEINZ CO	525,731	$11.94M	0.4%	$22.72	$27.48	-17.3%	COM	500754106
IUSV	ISHARES TR	864,000	$95.58M	3.0%	$110.62	$90.08	+22.4%	CORE S&P US VLU	464287663
DOW	DOW HLDGS INC	1,611,000	$44.37M	1.4%	$27.54	$27.83	-1.0%	COM	260557103
BRK/A	BERKSHIRE HATHAWAY INC DEL	156	$117M	3.6%	$747005.00	$726154.25	+2.9%	CL A	084670108
CARR	CARRIER GLOBAL CORPORATION	12,787	$701K	0.0%	$54.86	$62.97	-12.9%	COM	14448C104
KO	COCA COLA CO	43,700	$3.762M	0.1%	$86.08	$69.06	+24.6%	COM	191216100
DGRO	ISHARES TR	514,500	$38.79M	1.2%	$75.39	$60.20	+25.2%	CORE DIV GRWTH	46434V621
UPS	UNITED PARCEL SVCS INC	12,300	$1.149M	0.0%	$93.44	$117.77	-20.7%	CL B	911312106
DOV	DOVER CORP	3,900	$729K	0.0%	$187.05	$189.03	-1.0%	COM	260003108
LIN	LINDE PLC	3,100	$1.471M	0.0%	$474.65	$441.99	+7.4%	SHS	G54950103
MSM	MSC INDL DIRECT INC	26,500	$3.279M	0.1%	$123.72	$81.56	+51.7%	CL A	553530106
PNC	PNC FINL SVCS GROUP INC	5,000	$1.111M	0.0%	$222.26	$174.88	+27.1%	COM	693475105
SNA	SNAP ON INC	2,975	$1.081M	0.0%	$363.35	$331.37	+9.7%	COM	833034101
BLK	BLACKROCK INC	1,200	$1.27M	0.0%	$1058.29	$961.85	+10.0%	COM	09290D101
VTI	VANGUARD INDEX FDS	21,000	$7.859M	0.2%	$374.24	$307.10	+21.9%	TOTAL STK MKT	922908769
ABT	ABBOTT LABORATORIES	8,358	$826K	0.0%	$98.83	$97.62	+1.2%	COM	002824100
HDV	ISHARES TR	119,000	$3.327M	0.1%	$27.96	$26.38	+6.0%	CORE HIGH DV ETF	46429B663
AVGO	BROADCOM INC	2,390	$839K	0.0%	$351.19	$209.61	+67.5%	COM	11135F101
SYY	SYSCO CORP	11,100	$865K	0.0%	$77.96	$71.87	+8.5%	COM	871829107
ZBH	ZIMMER BIOMET HOLDINGS INC	22,350	$1.985M	0.1%	$88.83	$108.21	-17.9%	COM	98956P102
BRK/B	BERKSHIRE HATHAWAY INC DEL	9,619	$4.79M	0.1%	$497.95	$455.25	+9.4%	CL B NEW	084670702
VZ	VERIZON COMMUNICATIONS INC	10,033	$460K	0.0%	$45.87	$37.74	+21.5%	COM	92343V104
PG	PROCTER & GAMBLE CO	24,769	$3.598M	0.1%	$145.28	$149.38	-2.7%	COM	742718109
ITW	ILLINOIS TOOL WKS INC	2,550	$656K	0.0%	$257.28	$250.60	+2.7%	COM	452308109
ECL	ECOLAB INC	3,600	$988K	0.0%	$274.58	$249.22	+10.2%	COM	278865100
RIO	RIO TINTO PLC	9,600	$904K	0.0%	$94.17	$61.56	+53.0%	SPONSORED ADR	767204100
MDLZ	MONDELEZ INTL INC	10,600	$613K	0.0%	$57.82	$59.70	-3.1%	CL A	609207105