Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MBGL	MOBILITY GLOBAL INC	58,833	$1.009M	0.4%	$17.15	$20.11	-14.7%	COM SHS	60744M106
OKE	ONEOK INC NEW	10,719	$914K	0.4%	$85.27	$85.27	—	COM	30609A109
XOM	EXXONMOBIL HOLDINGS CORP	3,975	$647K	0.3%	$162.75	$162.75	—	COM SHS	30233Q108
HRB	BLOCK H & R INC	10,712	$438K	0.2%	$40.85	$45.51	-10.2%	COM	093671105
VRSK	VERISK ANALYTICS INC	2,467	$414K	0.2%	$167.85	$186.70	-10.1%	COM	92345Y106
FLO	FLOWERS FOODS INC	10,450	$57,998	0.0%	$5.55	$7.15	-22.4%	COM	343498101

Increased Positions (23)

SPY STATE STR SPDR S&P 500 ETF T 40.2%

Value $101M (+4.9%) Shares 132,800 (+2.7%) Share Price $762.63 Est. Cost/Share — Unrealized @ Report Date —

META META PLATFORMS INC 2.4%

Value $5.933M (+31.7%) Shares 8,181 (+2.3%) Share Price $725.18 Est. Cost/Share $260.01 Unrealized @ Report Date +178.9%

YUMC YUM CHINA HLDGS INC 0.4%

Value $914K (+170.2%) Shares 22,245 (+168.7%) Share Price $41.10 Est. Cost/Share $44.93 Unrealized @ Report Date -8.5%

CME CME GROUP INC 0.7%

Value $1.815M (+21.2%) Shares 6,929 (+2.2%) Share Price $261.98 Est. Cost/Share $171.24 Unrealized @ Report Date +53.0%

ICE INTERCONTINENTAL EXCHANGE IN 0.3%

Value $773K (+48.4%) Shares 5,087 (+20.1%) Share Price $152.03 Est. Cost/Share $115.51 Unrealized @ Report Date +31.6%

PM PHILIP MORRIS INTL INC 1.4%

Value $3.474M (+6.9%) Shares 18,204 (+1.3%) Share Price $190.82 Est. Cost/Share $88.37 Unrealized @ Report Date +115.9%

CVX CHEVRON CORPORATION 0.4%

Value $995K (+26.2%) Shares 4,872 (+2.4%) Share Price $204.21 Est. Cost/Share $148.76 Unrealized @ Report Date +37.3%

FNF FIDELITY NATL FINL INC 0.4%

Value $1.115M (-15.4%) Shares 28,858 (+3.2%) Share Price $38.65 Est. Cost/Share $34.22 Unrealized @ Report Date +12.9%

ORI OLD REP INTL CORP 0.9%

Value $2.222M (-7.5%) Shares 59,545 (+1.4%) Share Price $37.31 Est. Cost/Share $32.57 Unrealized @ Report Date +14.5%

O REALTY INCOME CORP 0.5%

Value $1.379M (-11.2%) Shares 25,392 (+1.4%) Share Price $54.30 Est. Cost/Share $52.16 Unrealized @ Report Date —

BDX BECTON DICKINSON & CO 0.2%

Value $622K (+25.9%) Shares 3,475 (+6.4%) Share Price $179.00 Est. Cost/Share $151.02 Unrealized @ Report Date +18.5%

MO ALTRIA GROUP INC 0.8%

Value $1.9M (-5.1%) Shares 28,221 (+1.4%) Share Price $67.34 Est. Cost/Share $36.78 Unrealized @ Report Date +83.1%

SPGI S&P GLOBAL INC 0.2%

Value $510K (+23.1%) Shares 1,293 (+27.1%) Share Price $394.47 Est. Cost/Share $342.90 Unrealized @ Report Date +15.0%

CCI CROWN CASTLE INC 0.4%

Value $1.082M (-7.6%) Shares 16,228 (+5.0%) Share Price $66.65 Est. Cost/Share $91.56 Unrealized @ Report Date —

LAMR LAMAR ADVERTISING CO 0.5%

Value $1.358M (+6.5%) Shares 9,422 (+15.3%) Share Price $144.11 Est. Cost/Share $149.21 Unrealized @ Report Date —

PPG PPG INDS INC 0.3%

Value $674K (-10.8%) Shares 6,458 (+3.7%) Share Price $104.33 Est. Cost/Share $114.68 Unrealized @ Report Date -9.0%

INTU INTUIT 0.3%

Value $811K (+10.6%) Shares 2,942 (+4.7%) Share Price $275.71 Est. Cost/Share $416.95 Unrealized @ Report Date -33.9%

NNN NNN REIT INC 0.2%

Value $475K (-10.1%) Shares 11,560 (+1.8%) Share Price $41.09 Est. Cost/Share $42.01 Unrealized @ Report Date —

MUSA MURPHY USA INC 0.4%

Value $971K (-4.7%) Shares 1,926 (+1.9%) Share Price $504.03 Est. Cost/Share $419.99 Unrealized @ Report Date +20.0%

SLG SL GREEN RLTY CORP 0.6%

Value $1.573M (-2.9%) Shares 32,162 (+2.8%) Share Price $48.92 Est. Cost/Share $40.40 Unrealized @ Report Date —

AMT AMERICAN TOWER CORP 0.4%

Value $1.01M (+4.7%) Shares 6,172 (+4.6%) Share Price $163.69 Est. Cost/Share $186.10 Unrealized @ Report Date —

MPLX MPLX LP 1.1%

Value $2.783M (+1.1%) Shares 49,415 (+1.1%) Share Price $56.32 Est. Cost/Share $53.14 Unrealized @ Report Date —

AFG AMERICAN FINANCIAL GROUP INC 0.5%

Value $1.162M (+0.5%) Shares 8,498 (+2.8%) Share Price $136.76 Est. Cost/Share $126.39 Unrealized @ Report Date +8.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	132,800 (+2.7%)	$101M (+4.9%)	40.2%	$762.63	—	—	CALL	78462F103
META	META PLATFORMS INC	8,181 (+2.3%)	$5.933M (+31.7%)	2.4%	$725.18	$260.01	+178.9%	CL A	30303M102
YUMC	YUM CHINA HLDGS INC	22,245 (+168.7%)	$914K (+170.2%)	0.4%	$41.10	$44.93	-8.5%	COM	98850P109
CME	CME GROUP INC	6,929 (+2.2%)	$1.815M (+21.2%)	0.7%	$261.98	$171.24	+53.0%	COM	12572Q105
ICE	INTERCONTINENTAL EXCHANGE IN	5,087 (+20.1%)	$773K (+48.4%)	0.3%	$152.03	$115.51	+31.6%	COM	45866F104
PM	PHILIP MORRIS INTL INC	18,204 (+1.3%)	$3.474M (+6.9%)	1.4%	$190.82	$88.37	+115.9%	COM	718172109
CVX	CHEVRON CORPORATION	4,872 (+2.4%)	$995K (+26.2%)	0.4%	$204.21	$148.76	+37.3%	COM	166764100
FNF	FIDELITY NATL FINL INC	28,858 (+3.2%)	$1.115M (-15.4%)	0.4%	$38.65	$34.22	+12.9%	COM SHS	31620R303
ORI	OLD REP INTL CORP	59,545 (+1.4%)	$2.222M (-7.5%)	0.9%	$37.31	$32.57	+14.5%	COM	680223104
O	REALTY INCOME CORP	25,392 (+1.4%)	$1.379M (-11.2%)	0.5%	$54.30	$52.16	—	COM	756109104
BDX	BECTON DICKINSON & CO	3,475 (+6.4%)	$622K (+25.9%)	0.2%	$179.00	$151.02	+18.5%	COM	075887109
MO	ALTRIA GROUP INC	28,221 (+1.4%)	$1.9M (-5.1%)	0.8%	$67.34	$36.78	+83.1%	COM	02209S103
SPGI	S&P GLOBAL INC	1,293 (+27.1%)	$510K (+23.1%)	0.2%	$394.47	$342.90	+15.0%	COM	78409V104
CCI	CROWN CASTLE INC	16,228 (+5.0%)	$1.082M (-7.6%)	0.4%	$66.65	$91.56	—	COM	22822V101
LAMR	LAMAR ADVERTISING CO	9,422 (+15.3%)	$1.358M (+6.5%)	0.5%	$144.11	$149.21	—	CL A	512816109
PPG	PPG INDS INC	6,458 (+3.7%)	$674K (-10.8%)	0.3%	$104.33	$114.68	-9.0%	COM	693506107
INTU	INTUIT	2,942 (+4.7%)	$811K (+10.6%)	0.3%	$275.71	$416.95	-33.9%	COM	461202103
NNN	NNN REIT INC	11,560 (+1.8%)	$475K (-10.1%)	0.2%	$41.09	$42.01	—	COM	637417106
MUSA	MURPHY USA INC	1,926 (+1.9%)	$971K (-4.7%)	0.4%	$504.03	$419.99	+20.0%	COM	626755102
SLG	SL GREEN RLTY CORP	32,162 (+2.8%)	$1.573M (-2.9%)	0.6%	$48.92	$40.40	—	COM	78440X887
AMT	AMERICAN TOWER CORP	6,172 (+4.6%)	$1.01M (+4.7%)	0.4%	$163.69	$186.10	—	COM	03027X100
MPLX	MPLX LP	49,415 (+1.1%)	$2.783M (+1.1%)	1.1%	$56.32	$53.14	—	COM UNIT REP LTD	55336V100
AFG	AMERICAN FINANCIAL GROUP INC	8,498 (+2.8%)	$1.162M (+0.5%)	0.5%	$136.76	$126.39	+8.2%	COM	025932104

Exited Positions (6)

ADM ARCHER DANIELS MIDLAND CO 0.5%

Value $1.168M Shares 15,286 Share Price $76.40 * Est. Cost/Share $47.66 Unrealized @ Report Date +66.5%

CNH CNH INDL N V 0.4%

Value $1.048M Shares 93,338 Share Price $11.23 * Est. Cost/Share $11.09 Unrealized @ Report Date +15.8%

OKE ONEOK INC NEW 0.3%

Value $848K Shares 9,753 Share Price $86.94 Est. Cost/Share $82.69 Unrealized @ Report Date +3.1%

XOM EXXON MOBIL CORP 0.2%

Value $550K Shares 4,025 Share Price $136.72 * Est. Cost/Share $122.44 Unrealized @ Report Date +32.9%

LEG LEGGETT & PLATT INC 0.1%

Value $261K Shares 22,292 Share Price $11.71 * Est. Cost/Share $30.81 Unrealized @ Report Date -70.1%

SYY SYSCO CORP 0.1%

Value $202K Shares 2,415 Share Price $83.58 * Est. Cost/Share $75.70 Unrealized @ Report Date +3.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ADM	ARCHER DANIELS MIDLAND CO	15,286	$1.168M	0.5%	$76.40 *	$47.66	+66.5%	—	039483102
CNH	CNH INDL N V	93,338	$1.048M	0.4%	$11.23 *	$11.09	+15.8%	—	N20944109
OKE	ONEOK INC NEW	9,753	$848K	0.3%	$86.94	$82.69	+3.1%	—	682680103
XOM	EXXON MOBIL CORP	4,025	$550K	0.2%	$136.72 *	$122.44	+32.9%	—	30231G102
LEG	LEGGETT & PLATT INC	22,292	$261K	0.1%	$11.71 *	$30.81	-70.1%	—	524660107
SYY	SYSCO CORP	2,415	$202K	0.1%	$83.58 *	$75.70	+3.0%	—	871829107

Decreased Positions (9)

PAG PENSKE AUTOMOTIVE GRP INC 2.2%

Value $5.472M (+10.7%) Shares 27,312 (-1.2%) Share Price $200.34 Est. Cost/Share $129.41 Unrealized @ Report Date +54.8%

CRH CRH PLC 0.3%

Value $843K (-23.4%) Shares 10,184 (-1.1%) Share Price $82.80 Est. Cost/Share $119.13 Unrealized @ Report Date -30.5%

BA BOEING CO 0.6%

Value $1.424M (-15.1%) Shares 7,655 (-1.2%) Share Price $186.05 Est. Cost/Share $163.57 Unrealized @ Report Date +13.7%

UPS UNITED PARCEL SVCS INC 0.3%

Value $735K (-14.5%) Shares 7,870 (-1.6%) Share Price $93.44 Est. Cost/Share $147.11 Unrealized @ Report Date -36.5%

APD AIR PRODUCTS AND CHEMICALS I 0.5%

Value $1.215M (-7.0%) Shares 4,368 (-2.0%) Share Price $278.23 Est. Cost/Share $250.71 Unrealized @ Report Date +11.0%

GPC GENUINE PARTS CO 0.7%

Value $1.681M (+5.0%) Shares 13,369 (-1.5%) Share Price $125.74 Est. Cost/Share $154.43 Unrealized @ Report Date -18.6%

CPRT COPART INC 0.1%

Value $350K (-5.2%) Shares 12,812 (-2.1%) Share Price $27.28 Est. Cost/Share $51.25 Unrealized @ Report Date -46.8%

BAC BANK OF AMER CORP 0.1%

Value $270K (-6.4%) Shares 4,960 (-2.0%) Share Price $54.43 Est. Cost/Share $43.24 Unrealized @ Report Date +25.9%

CNI CANADIAN NATL RY CO 0.2%

Value $382K (-2.0%) Shares 3,210 (-1.7%) Share Price $118.90 Est. Cost/Share $120.70 Unrealized @ Report Date -1.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PAG	PENSKE AUTOMOTIVE GRP INC	27,312 (-1.2%)	$5.472M (+10.7%)	2.2%	$200.34	$129.41	+54.8%	COM	70959W103
CRH	CRH PLC	10,184 (-1.1%)	$843K (-23.4%)	0.3%	$82.80	$119.13	-30.5%	ORD	G25508105
BA	BOEING CO	7,655 (-1.2%)	$1.424M (-15.1%)	0.6%	$186.05	$163.57	+13.7%	COM	097023105
UPS	UNITED PARCEL SVCS INC	7,870 (-1.6%)	$735K (-14.5%)	0.3%	$93.44	$147.11	-36.5%	CL B	911312106
APD	AIR PRODUCTS AND CHEMICALS I	4,368 (-2.0%)	$1.215M (-7.0%)	0.5%	$278.23	$250.71	+11.0%	COM	009158106
GPC	GENUINE PARTS CO	13,369 (-1.5%)	$1.681M (+5.0%)	0.7%	$125.74	$154.43	-18.6%	COM	372460105
CPRT	COPART INC	12,812 (-2.1%)	$350K (-5.2%)	0.1%	$27.28	$51.25	-46.8%	COM	217204106
BAC	BANK OF AMER CORP	4,960 (-2.0%)	$270K (-6.4%)	0.1%	$54.43	$43.24	+25.9%	COM	060505104
CNI	CANADIAN NATL RY CO	3,210 (-1.7%)	$382K (-2.0%)	0.2%	$118.90	$120.70	-1.5%	COM	136375102

Unchanged Positions (55)

MSFT MICROSOFT CORP 2.8%

Value $7.022M Shares 13,690 Share Price $512.90 Est. Cost/Share $251.26 Unrealized @ Report Date +104.1%

WSO WATSCO INC 0.9%

Value $2.228M Shares 7,362 Share Price $302.69 Est. Cost/Share $279.16 Unrealized @ Report Date +8.4%

NDAQ NASDAQ INC 1.1%

Value $2.876M Shares 31,253 Share Price $92.01 Est. Cost/Share $59.57 Unrealized @ Report Date +54.5%

TRV TRAVELERS COMPANIES INC 2.1%

Value $5.373M Shares 15,070 Share Price $356.51 Est. Cost/Share $170.69 Unrealized @ Report Date +108.9%

GOOG ALPHABET INC 3.4%

Value $8.56M Shares 25,121 Share Price $340.74 Est. Cost/Share $114.36 Unrealized @ Report Date +197.9%

UNH UNITEDHEALTH GROUP INC 1.0%

Value $2.394M Shares 6,522 Share Price $367.08 Est. Cost/Share $446.14 Unrealized @ Report Date -17.7%

AXP AMERICAN EXPRESS CO 1.1%

Value $2.763M Shares 9,085 Share Price $304.10 Est. Cost/Share $143.52 Unrealized @ Report Date +111.9%

CINF CINCINNATI FINL CORP 0.7%

Value $1.833M Shares 11,500 Share Price $159.37 Est. Cost/Share $95.20 Unrealized @ Report Date +67.4%

PCAR PACCAR INC 1.1%

Value $2.731M Shares 24,872 Share Price $109.81 Est. Cost/Share $60.09 Unrealized @ Report Date +82.7%

ENB ENBRIDGE INC 0.6%

Value $1.529M Shares 32,885 Share Price $46.49 Est. Cost/Share $31.21 Unrealized @ Report Date +48.9%

MA MASTERCARD INCORPORATED 1.3%

Value $3.294M Shares 5,973 Share Price $551.47 Est. Cost/Share $323.40 Unrealized @ Report Date +70.5%

FITB FIFTH THIRD BANCORP 0.8%

Value $1.969M Shares 38,935 Share Price $50.58 Est. Cost/Share $29.66 Unrealized @ Report Date +70.5%

LHX L3HARRIS TECHNOLOGIES INC 0.4%

Value $976K Shares 4,121 Share Price $236.78 Est. Cost/Share $211.01 Unrealized @ Report Date +12.2%

RY ROYAL BK CDA 1.3%

Value $3.184M Shares 16,197 Share Price $196.59 Est. Cost/Share $94.40 Unrealized @ Report Date +108.2%

ADP AUTOMATIC DATA PROCESSING IN 0.5%

Value $1.288M Shares 4,991 Share Price $258.06 Est. Cost/Share $230.04 Unrealized @ Report Date +12.2%

CRCL CIRCLE INTERNET GROUP INC 0.3%

Value $713K Shares 8,672 Share Price $82.17 Est. Cost/Share $111.23 Unrealized @ Report Date -26.1%

V VISA INC 1.3%

Value $3.388M Shares 9,428 Share Price $359.33 Est. Cost/Share $199.38 Unrealized @ Report Date +80.2%

BTI BRITISH AMERN TOB PLC 0.5%

Value $1.284M Shares 23,598 Share Price $54.40 Est. Cost/Share $37.00 Unrealized @ Report Date +47.0%

ADBE ADOBE INC 0.3%

Value $854K Shares 3,558 Share Price $239.94 Est. Cost/Share $326.33 Unrealized @ Report Date -26.5%

FERG FERGUSON ENTERPRISES INC 0.7%

Value $1.759M Shares 7,902 Share Price $222.62 Est. Cost/Share $237.95 Unrealized @ Report Date -6.4%

JNJ JOHNSON & JOHNSON 1.2%

Value $2.922M Shares 11,036 Share Price $264.73 Est. Cost/Share $157.06 Unrealized @ Report Date +68.6%

TFC TRUIST FINL CORP 0.6%

Value $1.403M Shares 30,302 Share Price $46.30 Est. Cost/Share $33.69 Unrealized @ Report Date +37.4%

ITW ILLINOIS TOOL WKS INC 0.8%

Value $2.008M Shares 7,804 Share Price $257.28 Est. Cost/Share $197.50 Unrealized @ Report Date +30.3%

AMZN AMAZON COM INC 0.8%

Value $2.076M Shares 8,334 Share Price $249.15 Est. Cost/Share $227.20 Unrealized @ Report Date +9.7%

MAA MID-AMER APT CMNTYS INC 0.2%

Value $566K Shares 4,808 Share Price $117.74 Est. Cost/Share $133.89 Unrealized @ Report Date —

ADC AGREE RLTY CORP 0.3%

Value $728K Shares 10,892 Share Price $66.81 Est. Cost/Share $63.31 Unrealized @ Report Date —

AOS SMITH A O CORP 0.3%

Value $783K Shares 13,886 Share Price $56.37 Est. Cost/Share $52.85 Unrealized @ Report Date +6.7%

TD TORONTO DOMINION BK ONT 1.1%

Value $2.706M Shares 23,021 Share Price $117.53 Est. Cost/Share $64.64 Unrealized @ Report Date +81.8%

WPC WP CAREY INC 0.4%

Value $915K Shares 14,161 Share Price $64.63 Est. Cost/Share $62.60 Unrealized @ Report Date —

GWW WW GRAINGER INC 0.4%

Value $972K Shares 780 Share Price $1245.76 Est. Cost/Share $548.52 Unrealized @ Report Date +127.1%

GD GENERAL DYNAMICS CORP 0.5%

Value $1.309M Shares 3,944 Share Price $331.83 Est. Cost/Share $228.84 Unrealized @ Report Date +45.0%

WFC WELLS FARGO & CO 0.9%

Value $2.361M Shares 29,497 Share Price $80.05 Est. Cost/Share $40.83 Unrealized @ Report Date +96.1%

USB US BANCORP 0.7%

Value $1.704M Shares 29,496 Share Price $57.76 Est. Cost/Share $35.52 Unrealized @ Report Date +62.6%

WRB BERKLEY W R CORP 0.8%

Value $1.969M Shares 29,159 Share Price $67.54 Est. Cost/Share $47.73 Unrealized @ Report Date +41.5%

CB CHUBB LIMITED 0.6%

Value $1.499M Shares 4,609 Share Price $325.25 Est. Cost/Share $210.10 Unrealized @ Report Date +54.8%

EPD ENTERPRISE PRODS PARTNERS L 1.2%

Value $3.034M Shares 85,199 Share Price $35.61 Est. Cost/Share $29.67 Unrealized @ Report Date —

AGM FEDERAL AGRIC MTG CORP 0.7%

Value $1.707M Shares 8,251 Share Price $206.92 Est. Cost/Share $172.44 Unrealized @ Report Date +20.0%

PYPL PAYPAL HLDGS INC 0.1%

Value $330K Shares 6,278 Share Price $52.53 Est. Cost/Share $60.89 Unrealized @ Report Date -13.7%

SWK STANLEY BLACK & DECKER INC 0.3%

Value $848K Shares 9,570 Share Price $88.59 Est. Cost/Share $71.36 Unrealized @ Report Date +24.2%

MDT MEDTRONIC PLC 0.2%

Value $472K Shares 5,466 Share Price $86.29 Est. Cost/Share $73.46 Unrealized @ Report Date +17.5%

FLG FLAGSTAR BANK NATIONAL ASSOC 0.1%

Value $151K Shares 12,900 Share Price $11.67 Est. Cost/Share $11.95 Unrealized @ Report Date -2.3%

C CITIGROUP INC 0.2%

Value $498K Shares 3,849 Share Price $129.48 Est. Cost/Share $41.35 Unrealized @ Report Date +213.2%

JPM JPMORGAN CHASE & CO 1.3%

Value $3.237M Shares 9,783 Share Price $330.83 Est. Cost/Share $118.85 Unrealized @ Report Date +178.3%

KMI KINDER MORGAN INC DEL 0.3%

Value $632K Shares 20,949 Share Price $30.15 Est. Cost/Share $27.10 Unrealized @ Report Date +11.3%

RTX RTX CORPORATION 0.6%

Value $1.577M Shares 8,495 Share Price $185.65 Est. Cost/Share $87.83 Unrealized @ Report Date +111.4%

MTB M & T BK CORP 0.1%

Value $256K Shares 1,175 Share Price $217.60 Est. Cost/Share $159.11 Unrealized @ Report Date +36.8%

ALL ALLSTATE CORP 0.1%

Value $327K Shares 1,476 Share Price $221.86 Est. Cost/Share $121.95 Unrealized @ Report Date +81.9%

BNS BANK NOVA SCOTIA B C 0.2%

Value $490K Shares 5,396 Share Price $90.84 Est. Cost/Share $41.94 Unrealized @ Report Date +116.6%

PLD PROLOGIS INC. 0.2%

Value $495K Shares 3,810 Share Price $129.84 Est. Cost/Share $112.88 Unrealized @ Report Date —

MMM 3M CO 0.6%

Value $1.453M Shares 8,853 Share Price $164.15 Est. Cost/Share $88.54 Unrealized @ Report Date +85.4%

PG PROCTER & GAMBLE CO 0.6%

Value $1.587M Shares 10,924 Share Price $145.28 Est. Cost/Share $130.11 Unrealized @ Report Date +11.7%

BMO BANK OF MONTREAL 0.1%

Value $203K Shares 1,215 Share Price $167.25 Est. Cost/Share $157.18 Unrealized @ Report Date +6.4%

GOOGL ALPHABET INC 0.1%

Value $251K Shares 730 Share Price $344.08 Est. Cost/Share $287.56 Unrealized @ Report Date +19.7%

MCO MOODYS CORP 1.0%

Value $2.55M Shares 5,615 Share Price $454.13 Est. Cost/Share $268.24 Unrealized @ Report Date +69.3%

PAYX PAYCHEX INC 0.4%

Value $919K Shares 9,325 Share Price $98.50 Est. Cost/Share $115.97 Unrealized @ Report Date -15.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	13,690	$7.022M	2.8%	$512.90	$251.26	+104.1%	COM	594918104
WSO	WATSCO INC	7,362	$2.228M	0.9%	$302.69	$279.16	+8.4%	COM	942622200
NDAQ	NASDAQ INC	31,253	$2.876M	1.1%	$92.01	$59.57	+54.5%	COM	631103108
TRV	TRAVELERS COMPANIES INC	15,070	$5.373M	2.1%	$356.51	$170.69	+108.9%	COM	89417E109
GOOG	ALPHABET INC	25,121	$8.56M	3.4%	$340.74	$114.36	+197.9%	CAP STK CL C	02079K107
UNH	UNITEDHEALTH GROUP INC	6,522	$2.394M	1.0%	$367.08	$446.14	-17.7%	COM	91324P102
AXP	AMERICAN EXPRESS CO	9,085	$2.763M	1.1%	$304.10	$143.52	+111.9%	COM	025816109
CINF	CINCINNATI FINL CORP	11,500	$1.833M	0.7%	$159.37	$95.20	+67.4%	COM	172062101
PCAR	PACCAR INC	24,872	$2.731M	1.1%	$109.81	$60.09	+82.7%	COM	693718108
ENB	ENBRIDGE INC	32,885	$1.529M	0.6%	$46.49	$31.21	+48.9%	COM	29250N105
MA	MASTERCARD INCORPORATED	5,973	$3.294M	1.3%	$551.47	$323.40	+70.5%	CL A	57636Q104
FITB	FIFTH THIRD BANCORP	38,935	$1.969M	0.8%	$50.58	$29.66	+70.5%	COM	316773100
LHX	L3HARRIS TECHNOLOGIES INC	4,121	$976K	0.4%	$236.78	$211.01	+12.2%	COM	502431109
RY	ROYAL BK CDA	16,197	$3.184M	1.3%	$196.59	$94.40	+108.2%	COM	780087102
ADP	AUTOMATIC DATA PROCESSING IN	4,991	$1.288M	0.5%	$258.06	$230.04	+12.2%	COM	053015103
CRCL	CIRCLE INTERNET GROUP INC	8,672	$713K	0.3%	$82.17	$111.23	-26.1%	COM CL A	172573107
V	VISA INC	9,428	$3.388M	1.3%	$359.33	$199.38	+80.2%	COM CL A	92826C839
BTI	BRITISH AMERN TOB PLC	23,598	$1.284M	0.5%	$54.40	$37.00	+47.0%	SPONSORED ADR	110448107
ADBE	ADOBE INC	3,558	$854K	0.3%	$239.94	$326.33	-26.5%	COM	00724F101
FERG	FERGUSON ENTERPRISES INC	7,902	$1.759M	0.7%	$222.62	$237.95	-6.4%	COMMON STOCK NEW	31488V107
JNJ	JOHNSON & JOHNSON	11,036	$2.922M	1.2%	$264.73	$157.06	+68.6%	COM	478160104
TFC	TRUIST FINL CORP	30,302	$1.403M	0.6%	$46.30	$33.69	+37.4%	COM	89832Q109
ITW	ILLINOIS TOOL WKS INC	7,804	$2.008M	0.8%	$257.28	$197.50	+30.3%	COM	452308109
AMZN	AMAZON COM INC	8,334	$2.076M	0.8%	$249.15	$227.20	+9.7%	COM	023135106
MAA	MID-AMER APT CMNTYS INC	4,808	$566K	0.2%	$117.74	$133.89	—	COM	59522J103
ADC	AGREE RLTY CORP	10,892	$728K	0.3%	$66.81	$63.31	—	COM	008492100
AOS	SMITH A O CORP	13,886	$783K	0.3%	$56.37	$52.85	+6.7%	COM	831865209
TD	TORONTO DOMINION BK ONT	23,021	$2.706M	1.1%	$117.53	$64.64	+81.8%	COM NEW	891160509
WPC	WP CAREY INC	14,161	$915K	0.4%	$64.63	$62.60	—	COM	92936U109
GWW	WW GRAINGER INC	780	$972K	0.4%	$1245.76	$548.52	+127.1%	COM	384802104
GD	GENERAL DYNAMICS CORP	3,944	$1.309M	0.5%	$331.83	$228.84	+45.0%	COM	369550108
WFC	WELLS FARGO & CO	29,497	$2.361M	0.9%	$80.05	$40.83	+96.1%	COM	949746101
USB	US BANCORP	29,496	$1.704M	0.7%	$57.76	$35.52	+62.6%	COM NEW	902973304
WRB	BERKLEY W R CORP	29,159	$1.969M	0.8%	$67.54	$47.73	+41.5%	COM	084423102
CB	CHUBB LIMITED	4,609	$1.499M	0.6%	$325.25	$210.10	+54.8%	COM	H1467J104
EPD	ENTERPRISE PRODS PARTNERS L	85,199	$3.034M	1.2%	$35.61	$29.67	—	COM	293792107
AGM	FEDERAL AGRIC MTG CORP	8,251	$1.707M	0.7%	$206.92	$172.44	+20.0%	CL C	313148306
PYPL	PAYPAL HLDGS INC	6,278	$330K	0.1%	$52.53	$60.89	-13.7%	COM	70450Y103
SWK	STANLEY BLACK & DECKER INC	9,570	$848K	0.3%	$88.59	$71.36	+24.2%	COM	854502101
MDT	MEDTRONIC PLC	5,466	$472K	0.2%	$86.29	$73.46	+17.5%	SHS	G5960L103
FLG	FLAGSTAR BANK NATIONAL ASSOC	12,900	$151K	0.1%	$11.67	$11.95	-2.3%	COM NEW	649445400
C	CITIGROUP INC	3,849	$498K	0.2%	$129.48	$41.35	+213.2%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO	9,783	$3.237M	1.3%	$330.83	$118.85	+178.3%	COM	46625H100
KMI	KINDER MORGAN INC DEL	20,949	$632K	0.3%	$30.15	$27.10	+11.3%	COM	49456B101
RTX	RTX CORPORATION	8,495	$1.577M	0.6%	$185.65	$87.83	+111.4%	COM	75513E101
MTB	M & T BK CORP	1,175	$256K	0.1%	$217.60	$159.11	+36.8%	COM	55261F104
ALL	ALLSTATE CORP	1,476	$327K	0.1%	$221.86	$121.95	+81.9%	COM	020002101
BNS	BANK NOVA SCOTIA B C	5,396	$490K	0.2%	$90.84	$41.94	+116.6%	COM	064149107
PLD	PROLOGIS INC.	3,810	$495K	0.2%	$129.84	$112.88	—	COM	74340W103
MMM	3M CO	8,853	$1.453M	0.6%	$164.15	$88.54	+85.4%	COM	88579Y101
PG	PROCTER & GAMBLE CO	10,924	$1.587M	0.6%	$145.28	$130.11	+11.7%	COM	742718109
BMO	BANK OF MONTREAL	1,215	$203K	0.1%	$167.25	$157.18	+6.4%	COM	063671101
GOOGL	ALPHABET INC	730	$251K	0.1%	$344.08	$287.56	+19.7%	CAP STK CL A	02079K305
MCO	MOODYS CORP	5,615	$2.55M	1.0%	$454.13	$268.24	+69.3%	COM	615369105
PAYX	PAYCHEX INC	9,325	$919K	0.4%	$98.50	$115.97	-15.1%	COM	704326107