Longbow Finance SA Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CDNS	Cadence Design Systems, Inc.	29,035	$9,076	1.5%	$326.31	0.0%	Common Shares	127387108
TRV	The Travelers Companies, Inc.	28,200	$8,180	1.4%	$280.61	0.0%	Common Stock	89417E109
ORLY	O'Reilly Automotive, Inc.	76,471	$6,975	1.2%	$97.70	0.0%	Common Stock	67103H107
HLT	Hilton Worldwide Holdings Inc.	21,328	$6,126	1.0%	$272.20	0.0%	Common Stock	43300A203
KLAC	KLA Corporation	5,024	$6,105	1.0%	$1171.91	0.0%	Common Stock	482480100
MNST	Monster Beverage Corporation	78,654	$6,030	1.0%	$71.65	0.0%	Common Stock	61174X109
URI	United Rentals, Inc.	5,310	$4,297	0.7%	$867.08	0.0%	Common Stock	911363109
LBRX	LB Pharmaceuticals Inc.	82,336	$1,833	0.3%	$17.47	0.0%	Common Stock	50180M108

Increased Positions (3)

NFLX Netflix, Inc. 0.6%

Value ($000) $3,635 (-71.1%) Shares 38,773 (+269.8%) Est. Cost $100.63 Unrealized +7.1%

FLEX Flex Ltd. 1.3%

Value ($000) $7,715 (+39.8%) Shares 127,693 (+34.2%) Est. Cost $44.91 Unrealized +37.5%

MCK McKesson Corporation 2.0%

Value ($000) $11,555 (+9.3%) Shares 14,086 (+3.0%) Est. Cost $582.92 Unrealized +39.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	Netflix, Inc.	38,773 (+269.8%)	$3,635 (-71.1%)	0.6%	$100.63	+7.1%	Common Stock	64110L106
FLEX	Flex Ltd.	127,693 (+34.2%)	$7,715 (+39.8%)	1.3%	$44.91	+37.5%	Ordinary Shares	Y2573F102
MCK	McKesson Corporation	14,086 (+3.0%)	$11,555 (+9.3%)	2.0%	$582.92	+39.9%	Common Stock	58155Q103

Exited Positions (15)

AJG Arthur J. GallagherA & Co. 2.7%

Value ($000) $16,131 Shares 52,079 Est. Cost $324.71 Unrealized -18.6%

AZO AutoZone, Inc. 2.5%

Value ($000) $14,887 Shares 3,470 Est. Cost $3788.70 Unrealized -0.3%

RSG Republic Services, Inc. 2.4%

Value ($000) $14,124 Shares 61,546 Est. Cost $240.02 Unrealized -10.6%

UBER Uber Technologies, Inc. 1.9%

Value ($000) $11,001 Shares 112,287 Est. Cost $79.24 Unrealized +13.6%

USFD US Foods Holding Corp. 1.7%

Value ($000) $10,333 Shares 134,859 Est. Cost $69.77 Unrealized +7.6%

BKNG Booking Holdings Inc. 1.7%

Value ($000) $10,124 Shares 1,875 Est. Cost $5203.31 Unrealized -1.3%

V Visa Inc. 1.3%

Value ($000) $7,867 Shares 23,046 Est. Cost $346.99 Unrealized -1.9%

— CyberArk Software Ltd. 1.3%

Value ($000) $7,778 Shares 16,098 Est. Cost $426.99 Unrealized —

TMUS T-Mobile US, Inc. 1.3%

Value ($000) $7,648 Shares 31,948 Est. Cost $241.27 Unrealized -12.4%

ADP Automatic Data Processing, Inc. 1.3%

Value ($000) $7,407 Shares 25,238 Est. Cost $302.36 Unrealized -12.4%

KR The Kroger Co. 1.2%

Value ($000) $7,115 Shares 105,546 Est. Cost $69.08 Unrealized -5.6%

CAH Cardinal Health, Inc. 1.2%

Value ($000) $7,095 Shares 45,203 Est. Cost $114.81 Unrealized +63.5%

LIN Linde plc 1.2%

Value ($000) $6,972 Shares 14,678 Est. Cost $342.47 Unrealized +24.8%

HD The Home Depot, Inc. 0.8%

Value ($000) $4,935 Shares 12,180 Est. Cost $371.75 Unrealized -1.9%

RBRK Rubrik, Inc. 0.7%

Value ($000) $4,167 Shares 50,657 Est. Cost $79.05 Unrealized -3.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AJG	Arthur J. GallagherA & Co.	52,079	$16,131	2.7%	$324.71	-18.6%	—	363576109
AZO	AutoZone, Inc.	3,470	$14,887	2.5%	$3788.70	-0.3%	—	053332102
RSG	Republic Services, Inc.	61,546	$14,124	2.4%	$240.02	-10.6%	—	760759100
UBER	Uber Technologies, Inc.	112,287	$11,001	1.9%	$79.24	+13.6%	—	90353T100
USFD	US Foods Holding Corp.	134,859	$10,333	1.7%	$69.77	+7.6%	—	912008109
BKNG	Booking Holdings Inc.	1,875	$10,124	1.7%	$5203.31	-1.3%	—	09857L108
V	Visa Inc.	23,046	$7,867	1.3%	$346.99	-1.9%	—	92826C839
—	CyberArk Software Ltd.	16,098	$7,778	1.3%	$426.99	—	—	M2682V108
TMUS	T-Mobile US, Inc.	31,948	$7,648	1.3%	$241.27	-12.4%	—	872590104
ADP	Automatic Data Processing, Inc.	25,238	$7,407	1.3%	$302.36	-12.4%	—	053015103
KR	The Kroger Co.	105,546	$7,115	1.2%	$69.08	-5.6%	—	501044101
CAH	Cardinal Health, Inc.	45,203	$7,095	1.2%	$114.81	+63.5%	—	14149Y108
LIN	Linde plc	14,678	$6,972	1.2%	$342.47	+24.8%	—	G54950103
HD	The Home Depot, Inc.	12,180	$4,935	0.8%	$371.75	-1.9%	—	437076102
RBRK	Rubrik, Inc.	50,657	$4,167	0.7%	$79.05	-3.0%	—	781154109

Decreased Positions (46)

NVDA NVIDIA Corporation 7.9%

Value ($000) $46,673 (-48.1%) Shares 250,258 (-48.0%) Est. Cost $101.82 Unrealized +82.8%

MSFT Microsoft Corporation 6.6%

Value ($000) $38,946 (-47.4%) Shares 80,530 (-43.6%) Est. Cost $272.54 Unrealized +83.7%

META Meta Platforms, Inc. 2.0%

Value ($000) $11,718 (-71.3%) Shares 17,752 (-68.1%) Est. Cost $473.80 Unrealized +40.8%

AAPL Apple Inc. 6.6%

Value ($000) $38,913 (-40.4%) Shares 143,135 (-44.2%) Est. Cost $160.24 Unrealized +67.5%

AVGO Broadcom Inc. 4.1%

Value ($000) $24,120 (-37.3%) Shares 69,692 (-40.2%) Est. Cost $215.24 Unrealized +65.9%

ORCL Oracle Corporation 0.6%

Value ($000) $3,722 (-78.1%) Shares 19,098 (-68.5%) Est. Cost $191.21 Unrealized +24.5%

JPM JPMorgan Chase & Co 2.6%

Value ($000) $15,127 (-44.5%) Shares 46,946 (-45.7%) Est. Cost $123.37 Unrealized +150.9%

GOOG Alphabet Inc. 5.2%

Value ($000) $30,497 (-25.6%) Shares 97,186 (-42.3%) Est. Cost $117.27 Unrealized +144.2%

AMZN Amazon.com, Inc. 4.2%

Value ($000) $25,087 (-27.7%) Shares 108,686 (-31.2%) Est. Cost $176.52 Unrealized +29.6%

ABBV AbbVie Inc. 2.4%

Value ($000) $13,967 (-39.0%) Shares 61,127 (-38.2%) Est. Cost $177.70 Unrealized +28.0%

BSX Boston Scientific Corporation 0.8%

Value ($000) $4,507 (-62.1%) Shares 47,266 (-61.2%) Est. Cost $102.10 Unrealized -4.0%

MA Mastercard Incorporated 1.1%

Value ($000) $6,651 (-49.2%) Shares 11,650 (-49.4%) Est. Cost $558.83 Unrealized +0.0%

AMAT Applied Materials, Inc. 0.5%

Value ($000) $2,739 (-69.2%) Shares 10,657 (-75.4%) Est. Cost $157.45 Unrealized +52.1%

GS The Goldman Sachs Group, Inc. 1.3%

Value ($000) $7,961 (-41.1%) Shares 9,057 (-46.6%) Est. Cost $452.07 Unrealized +79.9%

WMB The Williams Companies, Inc. 0.9%

Value ($000) $5,597 (-49.4%) Shares 93,105 (-46.7%) Est. Cost $57.82 Unrealized +3.9%

TJX The TJX Companies, Inc. 1.0%

Value ($000) $5,786 (-48.4%) Shares 37,667 (-51.4%) Est. Cost $125.88 Unrealized +17.3%

CAT Caterpillar Inc. 1.4%

Value ($000) $8,108 (-39.7%) Shares 14,153 (-49.8%) Est. Cost $330.84 Unrealized +67.9%

COR Cencora, Inc. 0.9%

Value ($000) $5,332 (-49.5%) Shares 15,787 (-53.2%) Est. Cost $293.50 Unrealized +16.1%

AXP American Express Company 1.0%

Value ($000) $6,113 (-44.7%) Shares 16,524 (-50.3%) Est. Cost $284.96 Unrealized +25.3%

GILD Gilead Sciences, Inc. 0.9%

Value ($000) $5,458 (-47.0%) Shares 44,467 (-52.1%) Est. Cost $103.96 Unrealized +16.3%

WMT Walmart Inc. 1.7%

Value ($000) $9,905 (-31.9%) Shares 88,905 (-37.0%) Est. Cost $73.65 Unrealized +45.6%

CBOE Cboe Global Markets, Inc. 1.7%

Value ($000) $9,823 (-29.9%) Shares 39,135 (-31.5%) Est. Cost $240.25 Unrealized +3.5%

GE GE Aerospace 1.2%

Value ($000) $7,289 (-34.9%) Shares 23,664 (-36.4%) Est. Cost $177.15 Unrealized +69.8%

XOM Exxon Mobil Corporation 3.6%

Value ($000) $21,484 (-15.3%) Shares 178,529 (-20.7%) Est. Cost $104.66 Unrealized +10.3%

WELL Welltower Inc. 1.1%

Value ($000) $6,623 (-36.9%) Shares 35,681 (-39.4%) Est. Cost $147.88 Unrealized +26.1%

PANW Palo Alto Networks, Inc. 1.6%

Value ($000) $9,183 (-29.5%) Shares 49,855 (-22.1%) Est. Cost $178.16 Unrealized +13.2%

CRH CRH plc 0.9%

Value ($000) $5,192 (-42.5%) Shares 41,600 (-44.7%) Est. Cost $93.84 Unrealized +26.9%

AMD Advanced Micro Devices, Inc. 0.7%

Value ($000) $4,298 (-41.9%) Shares 20,071 (-56.1%) Est. Cost $108.87 Unrealized +106.3%

RL Ralph Lauren Corporation 0.8%

Value ($000) $4,906 (-38.4%) Shares 13,873 (-45.4%) Est. Cost $244.88 Unrealized +38.8%

FCX Freeport-McMoRan, Inc. 0.9%

Value ($000) $5,251 (-35.4%) Shares 103,394 (-50.1%) Est. Cost $39.40 Unrealized +9.9%

BRK/B Berkshire Hathaway Inc. 2.2%

Value ($000) $12,849 (-18.1%) Shares 25,563 (-18.1%) Est. Cost $338.81 Unrealized +46.8%

CEG Constellation Energy Corporation 1.3%

Value ($000) $7,650 (-26.9%) Shares 21,656 (-31.9%) Est. Cost $322.17 Unrealized +12.7%

STT State Street Corporation 1.4%

Value ($000) $8,044 (-25.7%) Shares 62,354 (-33.2%) Est. Cost $91.11 Unrealized +30.6%

MCD McDonald's Corporation 1.0%

Value ($000) $5,741 (-32.2%) Shares 18,784 (-32.6%) Est. Cost $303.54 Unrealized +0.5%

WFC Wells Fargo & Company 1.7%

Value ($000) $9,884 (-20.7%) Shares 106,048 (-28.7%) Est. Cost $61.96 Unrealized +39.8%

SO The Southern Company 0.8%

Value ($000) $4,461 (-36.0%) Shares 51,158 (-30.4%) Est. Cost $87.99 Unrealized +3.3%

LLY Eli Lilly and Company 1.4%

Value ($000) $7,975 (-21.5%) Shares 7,421 (-44.3%) Est. Cost $660.94 Unrealized +44.6%

KO The Coca-Cola Company 0.9%

Value ($000) $5,591 (-26.9%) Shares 79,970 (-30.6%) Est. Cost $64.97 Unrealized +6.8%

WAB Westinghouse Air Brake Technologies Corporation 1.0%

Value ($000) $6,133 (-23.2%) Shares 28,732 (-27.9%) Est. Cost $194.88 Unrealized +5.4%

RCL Royal Caribbean Cruises Ltd. 0.7%

Value ($000) $4,362 (-29.4%) Shares 15,640 (-18.1%) Est. Cost $241.64 Unrealized +16.5%

C Citigroup, Inc. 1.4%

Value ($000) $8,309 (-17.4%) Shares 71,204 (-28.1%) Est. Cost $68.26 Unrealized +51.8%

BAC Bank of America Corporation 1.0%

Value ($000) $6,021 (-22.0%) Shares 109,475 (-26.8%) Est. Cost $48.34 Unrealized +8.9%

PLTR Palantir Technologies Inc. 0.9%

Value ($000) $5,201 (-23.2%) Shares 29,263 (-21.1%) Est. Cost $117.28 Unrealized +54.4%

PWR Quanta Services, Inc. 0.9%

Value ($000) $5,396 (-21.9%) Shares 12,784 (-23.4%) Est. Cost $388.50 Unrealized +13.1%

GEV GE Vernova Inc. 0.8%

Value ($000) $4,571 (-21.4%) Shares 6,994 (-26.0%) Est. Cost $329.77 Unrealized +84.7%

CSCO Cisco Systems, Inc. 0.7%

Value ($000) $4,191 (-20.8%) Shares 54,407 (-29.7%) Est. Cost $46.10 Unrealized +60.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA Corporation	250,258 (-48.0%)	$46,673 (-48.1%)	7.9%	$101.82	+82.8%	Common Stock	67066G104
MSFT	Microsoft Corporation	80,530 (-43.6%)	$38,946 (-47.4%)	6.6%	$272.54	+83.7%	Common Stock	594918104
META	Meta Platforms, Inc.	17,752 (-68.1%)	$11,718 (-71.3%)	2.0%	$473.80	+40.8%	Class A Common Stock	30303M102
AAPL	Apple Inc.	143,135 (-44.2%)	$38,913 (-40.4%)	6.6%	$160.24	+67.5%	Common Stock	037833100
AVGO	Broadcom Inc.	69,692 (-40.2%)	$24,120 (-37.3%)	4.1%	$215.24	+65.9%	Common Stock	11135F101
ORCL	Oracle Corporation	19,098 (-68.5%)	$3,722 (-78.1%)	0.6%	$191.21	+24.5%	Common Stock	68389X105
JPM	JPMorgan Chase & Co	46,946 (-45.7%)	$15,127 (-44.5%)	2.6%	$123.37	+150.9%	Common Stock	46625H100
GOOG	Alphabet Inc.	97,186 (-42.3%)	$30,497 (-25.6%)	5.2%	$117.27	+144.2%	Class C Common Stock	02079K107
AMZN	Amazon.com, Inc.	108,686 (-31.2%)	$25,087 (-27.7%)	4.2%	$176.52	+29.6%	Common Stock	023135106
ABBV	AbbVie Inc.	61,127 (-38.2%)	$13,967 (-39.0%)	2.4%	$177.70	+28.0%	Common Stock	00287Y109
BSX	Boston Scientific Corporation	47,266 (-61.2%)	$4,507 (-62.1%)	0.8%	$102.10	-4.0%	Common Stock	101137107
MA	Mastercard Incorporated	11,650 (-49.4%)	$6,651 (-49.2%)	1.1%	$558.83	+0.0%	Class A Common Stock	57636Q104
AMAT	Applied Materials, Inc.	10,657 (-75.4%)	$2,739 (-69.2%)	0.5%	$157.45	+52.1%	Common Stock	038222105
GS	The Goldman Sachs Group, Inc.	9,057 (-46.6%)	$7,961 (-41.1%)	1.3%	$452.07	+79.9%	Common Stock	38141G104
WMB	The Williams Companies, Inc.	93,105 (-46.7%)	$5,597 (-49.4%)	0.9%	$57.82	+3.9%	Common Stock	969457100
TJX	The TJX Companies, Inc.	37,667 (-51.4%)	$5,786 (-48.4%)	1.0%	$125.88	+17.3%	Common Stock	872540109
CAT	Caterpillar Inc.	14,153 (-49.8%)	$8,108 (-39.7%)	1.4%	$330.84	+67.9%	Common Stock	149123101
COR	Cencora, Inc.	15,787 (-53.2%)	$5,332 (-49.5%)	0.9%	$293.50	+16.1%	Common Stock	03073E105
AXP	American Express Company	16,524 (-50.3%)	$6,113 (-44.7%)	1.0%	$284.96	+25.3%	Common Shares	025816109
GILD	Gilead Sciences, Inc.	44,467 (-52.1%)	$5,458 (-47.0%)	0.9%	$103.96	+16.3%	Common Stock	375558103
WMT	Walmart Inc.	88,905 (-37.0%)	$9,905 (-31.9%)	1.7%	$73.65	+45.6%	Common Stock	931142103
CBOE	Cboe Global Markets, Inc.	39,135 (-31.5%)	$9,823 (-29.9%)	1.7%	$240.25	+3.5%	Common Stock	12503M108
GE	GE Aerospace	23,664 (-36.4%)	$7,289 (-34.9%)	1.2%	$177.15	+69.8%	Common Stock	369604301
XOM	Exxon Mobil Corporation	178,529 (-20.7%)	$21,484 (-15.3%)	3.6%	$104.66	+10.3%	Common Stock	30231G102
WELL	Welltower Inc.	35,681 (-39.4%)	$6,623 (-36.9%)	1.1%	$147.88	+26.1%	Common Stock	95040Q104
PANW	Palo Alto Networks, Inc.	49,855 (-22.1%)	$9,183 (-29.5%)	1.6%	$178.16	+13.2%	Common Stock	697435105
CRH	CRH plc	41,600 (-44.7%)	$5,192 (-42.5%)	0.9%	$93.84	+26.9%	Ordinary Shares	G25508105
AMD	Advanced Micro Devices, Inc.	20,071 (-56.1%)	$4,298 (-41.9%)	0.7%	$108.87	+106.3%	Common Stock	007903107
RL	Ralph Lauren Corporation	13,873 (-45.4%)	$4,906 (-38.4%)	0.8%	$244.88	+38.8%	Class A Common Stock	751212101
FCX	Freeport-McMoRan, Inc.	103,394 (-50.1%)	$5,251 (-35.4%)	0.9%	$39.40	+9.9%	Common Stock	35671D857
BRK/B	Berkshire Hathaway Inc.	25,563 (-18.1%)	$12,849 (-18.1%)	2.2%	$338.81	+46.8%	Class B Common Stock	084670702
CEG	Constellation Energy Corporation	21,656 (-31.9%)	$7,650 (-26.9%)	1.3%	$322.17	+12.7%	Common Stock	21037T109
STT	State Street Corporation	62,354 (-33.2%)	$8,044 (-25.7%)	1.4%	$91.11	+30.6%	Common Stock	857477103
MCD	McDonald's Corporation	18,784 (-32.6%)	$5,741 (-32.2%)	1.0%	$303.54	+0.5%	Common Stock	580135101
WFC	Wells Fargo & Company	106,048 (-28.7%)	$9,884 (-20.7%)	1.7%	$61.96	+39.8%	Common Stock	949746101
SO	The Southern Company	51,158 (-30.4%)	$4,461 (-36.0%)	0.8%	$87.99	+3.3%	Common Stock	842587107
LLY	Eli Lilly and Company	7,421 (-44.3%)	$7,975 (-21.5%)	1.4%	$660.94	+44.6%	Common Stock	532457108
KO	The Coca-Cola Company	79,970 (-30.6%)	$5,591 (-26.9%)	0.9%	$64.97	+6.8%	Common Stock	191216100
WAB	Westinghouse Air Brake Technologies Corporation	28,732 (-27.9%)	$6,133 (-23.2%)	1.0%	$194.88	+5.4%	Common Stock	929740108
RCL	Royal Caribbean Cruises Ltd.	15,640 (-18.1%)	$4,362 (-29.4%)	0.7%	$241.64	+16.5%	Common Stock	V7780T103
C	Citigroup, Inc.	71,204 (-28.1%)	$8,309 (-17.4%)	1.4%	$68.26	+51.8%	Common Stock	172967424
BAC	Bank of America Corporation	109,475 (-26.8%)	$6,021 (-22.0%)	1.0%	$48.34	+8.9%	Common Stock	060505104
PLTR	Palantir Technologies Inc.	29,263 (-21.1%)	$5,201 (-23.2%)	0.9%	$117.28	+54.4%	Class A Common Stock	69608A108
PWR	Quanta Services, Inc.	12,784 (-23.4%)	$5,396 (-21.9%)	0.9%	$388.50	+13.1%	Common Stock	74762E102
GEV	GE Vernova Inc.	6,994 (-26.0%)	$4,571 (-21.4%)	0.8%	$329.77	+84.7%	Common Stock	36828A101
CSCO	Cisco Systems, Inc.	54,407 (-29.7%)	$4,191 (-20.8%)	0.7%	$46.10	+60.1%	Common Stock	17275R102

Unchanged Positions (5)

APH Amphenol Corporation 1.4%

Value ($000) $8,027 Shares 59,401 Est. Cost $55.90 Unrealized +138.9%

LIT Global X Funds 0.9%

Value ($000) $5,204 Shares 80,000 Est. Cost $58.88 Unrealized —

HWM Howmet Aerospace Inc. 1.4%

Value ($000) $8,282 Shares 40,397 Est. Cost $130.42 Unrealized +52.6%

INKT MiNK Therapeutics, Inc. 0.0%

Value ($000) $186 Shares 16,667 Est. Cost $7.52 Unrealized +71.7%

PLUG Plug Power Inc. 0.0%

Value ($000) $41 Shares 20,841 Est. Cost $15.92 Unrealized -83.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APH	Amphenol Corporation	59,401	$8,027	1.4%	$55.90	+138.9%	Class A Common Stock	032095101
LIT	Global X Funds	80,000	$5,204	0.9%	$58.88	—	Lithium & Battery Tech ETF	37954Y855
HWM	Howmet Aerospace Inc.	40,397	$8,282	1.4%	$130.42	+52.6%	Common Stock	443201108
INKT	MiNK Therapeutics, Inc.	16,667	$186	0.0%	$7.52	+71.7%	Common Stock	603693201
PLUG	Plug Power Inc.	20,841	$41	0.0%	$15.92	-83.6%	Common Stock	72919P202