Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AXP	American Express Company	47,463	$16.05M	2.1%	$338.25	—	Common Shares	025816109
IBKR	Interactive Brokers Group, Inc.	160,508	$13.97M	1.8%	$87.04	—	Common Stock	45841N107
BK	The Bank of New York Mellon Corporation	90,298	$13.06M	1.7%	$144.61	—	Common Stock	064058100
EXPE	Expedia Group, Inc.	40,035	$10.24M	1.3%	$255.88	—	Common Stock	30212P303
CMI	Cummins Inc.	13,808	$9.848M	1.3%	$713.21	—	Common Stock	231021106
ANET	Arista Networks, Inc.	48,579	$8.253M	1.1%	$169.88	—	Common Stock	040413205
TEVA	Teva Pharmaceutical Industries Limited	239,068	$8.1M	1.0%	$33.88	—	ADS	881624209
JNJ	Johnson & Johnson	28,164	$7.153M	0.9%	$253.97	—	Common Stock	478160104
VRT	Vertiv Holdings Co	20,984	$7.026M	0.9%	$334.82	—	Class A Common Stock	92537N108
CAH	Cardinal Health, Inc.	26,765	$6.358M	0.8%	$237.56	—	Common Shares	14149Y108
BE	Bloom Energy Corporation	10,398	$3.147M	0.4%	$302.70	—	Common Stock	093712107
WDC	Western Digital Corporation	4,760	$3.04M	0.4%	$638.72	—	Common Stock	958102105
LBRX	LB Pharmaceuticals Inc	82,336	$2.672M	0.3%	$32.45	—	Common Stock	50180M108

Increased Positions (29)

GOOG Alphabet Inc. 6.8%

Value $53.38M (+79.1%) Shares 151,086 (+45.4%) Est. Cost $200.16 Unrealized —

NVDA NVIDIA Corporation 8.1%

Value $63.67M (+53.2%) Shares 318,230 (+33.5%) Est. Cost $126.49 Unrealized —

AAPL Apple Inc. 6.9%

Value $54.03M (+33.4%) Shares 186,711 (+17.0%) Est. Cost $188.03 Unrealized —

AMZN Amazon.com, Inc. 4.5%

Value $34.82M (+59.9%) Shares 146,089 (+39.8%) Est. Cost $194.11 Unrealized —

KO The Coca-Cola Company 2.0%

Value $15.71M (+177.7%) Shares 193,332 (+159.8%) Est. Cost $75.00 Unrealized —

MU Micron Technology, Inc. 1.7%

Value $13.68M (+253.2%) Shares 11,855 (+3.4%) Est. Cost $412.02 Unrealized —

AVGO Broadcom Inc. 3.3%

Value $26.04M (+51.5%) Shares 68,939 (+24.2%) Est. Cost $246.88 Unrealized —

WELL Welltower Inc. 2.0%

Value $15.95M (+110.2%) Shares 70,272 (+83.1%) Est. Cost $185.28 Unrealized —

WAB Westinghouse Air Brake Technologies Corporation 2.1%

Value $16.26M (+91.2%) Shares 60,307 (+77.2%) Est. Cost $231.31 Unrealized —

GE GE Aerospace 2.1%

Value $16.45M (+70.0%) Shares 44,018 (+29.1%) Est. Cost $254.88 Unrealized —

GS The Goldman Sachs Group, Inc. 2.7%

Value $20.99M (+44.9%) Shares 20,752 (+21.2%) Est. Cost $736.68 Unrealized —

HLT Hilton Worldwide Holdings Inc. 1.7%

Value $13.67M (+82.1%) Shares 41,365 (+67.5%) Est. Cost $298.36 Unrealized —

CDNS Cadence Design Systems, Inc. 1.3%

Value $10.24M (+149.2%) Shares 27,284 (+84.5%) Est. Cost $348.75 Unrealized —

PH Parker-Hannifin Corporation 1.8%

Value $14.02M (+69.4%) Shares 14,336 (+55.0%) Est. Cost $965.02 Unrealized —

MSFT Microsoft Corporation 4.1%

Value $31.87M (+21.9%) Shares 85,425 (+21.0%) Est. Cost $289.96 Unrealized —

RL Ralph Lauren Corporation 1.8%

Value $13.89M (+58.5%) Shares 34,595 (+35.8%) Est. Cost $325.80 Unrealized —

WMB The Williams Companies, Inc. 1.3%

Value $10.03M (+96.3%) Shares 134,957 (+92.2%) Est. Cost $65.74 Unrealized —

JPM JPMorgan Chase & Co 2.0%

Value $15.26M (+46.0%) Shares 46,628 (+31.2%) Est. Cost $171.92 Unrealized —

META Meta Platforms, Inc. 1.0%

Value $8.176M (+88.2%) Shares 14,514 (+91.1%) Est. Cost $516.48 Unrealized —

TJX The TJX Companies, Inc. 2.1%

Value $16.21M (+30.9%) Shares 107,009 (+38.0%) Est. Cost $143.50 Unrealized —

HWM Howmet Aerospace Inc. 1.5%

Value $11.81M (+41.7%) Shares 43,940 (+21.5%) Est. Cost $154.92 Unrealized —

CRH CRH plc 1.3%

Value $9.938M (+37.7%) Shares 92,882 (+35.3%) Est. Cost $106.16 Unrealized —

STT State Street Corporation 1.0%

Value $8.042M (+39.1%) Shares 47,416 (+3.8%) Est. Cost $94.00 Unrealized —

GEV GE Vernova Inc. 0.9%

Value $7.328M (+43.3%) Shares 6,237 (+6.5%) Est. Cost $381.40 Unrealized —

KLAC KLA Corporation 1.4%

Value $10.96M (-13.1%) Shares 36,326 (+324.0%) Est. Cost $535.23 Unrealized —

WMT Walmart Inc. 2.0%

Value $15.8M (+8.6%) Shares 139,479 (+19.2%) Est. Cost $89.78 Unrealized —

VLO Valero Energy Corporation 1.0%

Value $8.021M (+12.8%) Shares 30,796 (+7.0%) Est. Cost $194.68 Unrealized —

FCX Freeport-McMoRan, Inc. 0.7%

Value $5.462M (+17.9%) Shares 86,853 (+10.2%) Est. Cost $41.57 Unrealized —

LITE Lumentum Holdings Inc. 0.4%

Value $3.261M (+32.5%) Shares 3,801 (+8.5%) Est. Cost $497.79 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc.	151,086 (+45.4%)	$53.38M (+79.1%)	6.8%	$200.16	—	Class C Common Stock	02079K107
NVDA	NVIDIA Corporation	318,230 (+33.5%)	$63.67M (+53.2%)	8.1%	$126.49	—	Common Stock	67066G104
AAPL	Apple Inc.	186,711 (+17.0%)	$54.03M (+33.4%)	6.9%	$188.03	—	Common Stock	037833100
AMZN	Amazon.com, Inc.	146,089 (+39.8%)	$34.82M (+59.9%)	4.5%	$194.11	—	Common Stock	023135106
KO	The Coca-Cola Company	193,332 (+159.8%)	$15.71M (+177.7%)	2.0%	$75.00	—	Common Stock	191216100
MU	Micron Technology, Inc.	11,855 (+3.4%)	$13.68M (+253.2%)	1.7%	$412.02	—	Common Stock	595112103
AVGO	Broadcom Inc.	68,939 (+24.2%)	$26.04M (+51.5%)	3.3%	$246.88	—	Common Stock	11135F101
WELL	Welltower Inc.	70,272 (+83.1%)	$15.95M (+110.2%)	2.0%	$185.28	—	Common Stock	95040Q104
WAB	Westinghouse Air Brake Technologies Corporation	60,307 (+77.2%)	$16.26M (+91.2%)	2.1%	$231.31	—	Common Stock	929740108
GE	GE Aerospace	44,018 (+29.1%)	$16.45M (+70.0%)	2.1%	$254.88	—	Common Stock	369604301
GS	The Goldman Sachs Group, Inc.	20,752 (+21.2%)	$20.99M (+44.9%)	2.7%	$736.68	—	Common Stock	38141G104
HLT	Hilton Worldwide Holdings Inc.	41,365 (+67.5%)	$13.67M (+82.1%)	1.7%	$298.36	—	Common Stock	43300A203
CDNS	Cadence Design Systems, Inc.	27,284 (+84.5%)	$10.24M (+149.2%)	1.3%	$348.75	—	Common Shares	127387108
PH	Parker-Hannifin Corporation	14,336 (+55.0%)	$14.02M (+69.4%)	1.8%	$965.02	—	Common Shares	701094104
MSFT	Microsoft Corporation	85,425 (+21.0%)	$31.87M (+21.9%)	4.1%	$289.96	—	Common Stock	594918104
RL	Ralph Lauren Corporation	34,595 (+35.8%)	$13.89M (+58.5%)	1.8%	$325.80	—	Class A Common Stock	751212101
WMB	The Williams Companies, Inc.	134,957 (+92.2%)	$10.03M (+96.3%)	1.3%	$65.74	—	Common Stock	969457100
JPM	JPMorgan Chase & Co	46,628 (+31.2%)	$15.26M (+46.0%)	2.0%	$171.92	—	Common Stock	46625H100
META	Meta Platforms, Inc.	14,514 (+91.1%)	$8.176M (+88.2%)	1.0%	$516.48	—	Class A Common Stock	30303M102
TJX	The TJX Companies, Inc.	107,009 (+38.0%)	$16.21M (+30.9%)	2.1%	$143.50	—	Common Stock	872540109
HWM	Howmet Aerospace Inc.	43,940 (+21.5%)	$11.81M (+41.7%)	1.5%	$154.92	—	Common Stock	443201108
CRH	CRH plc	92,882 (+35.3%)	$9.938M (+37.7%)	1.3%	$106.16	—	Ordinary Shares	G25508105
STT	State Street Corporation	47,416 (+3.8%)	$8.042M (+39.1%)	1.0%	$94.00	—	Common Stock	857477103
GEV	GE Vernova Inc.	6,237 (+6.5%)	$7.328M (+43.3%)	0.9%	$381.40	—	Common Stock	36828A101
KLAC	KLA Corporation	36,326 (+324.0%)	$10.96M (-13.1%)	1.4%	$535.23	—	Common Stock	482480100
WMT	Walmart Inc.	139,479 (+19.2%)	$15.8M (+8.6%)	2.0%	$89.78	—	Common Stock	931142103
VLO	Valero Energy Corporation	30,796 (+7.0%)	$8.021M (+12.8%)	1.0%	$194.68	—	Common Stock	91913Y100
FCX	Freeport-McMoRan, Inc.	86,853 (+10.2%)	$5.462M (+17.9%)	0.7%	$41.57	—	Common Stock	35671D857
LITE	Lumentum Holdings Inc.	3,801 (+8.5%)	$3.261M (+32.5%)	0.4%	$497.79	—	Common Stock	55024U109

Exited Positions (9)

CBOE Cboe Global Markets, Inc. 1.1%

Value $8.375M Shares 29,796 Est. Cost $240.25 Unrealized —

MCD McDonalds Corporation 0.9%

Value $7.112M Shares 22,885 Est. Cost $306.00 Unrealized —

CEG Constellation Energy Corporation 0.6%

Value $5.077M Shares 18,181 Est. Cost $322.17 Unrealized —

ORLY OReilly Automotive, Inc. 0.6%

Value $4.726M Shares 51,198 Est. Cost $97.70 Unrealized —

FLEX Flex Ltd. 0.6%

Value $4.72M Shares 72,100 Est. Cost $44.91 Unrealized —

APH Amphenol Corporation 0.6%

Value $4.319M Shares 34,180 Est. Cost $55.90 Unrealized —

COR Cencora, Inc. 0.5%

Value $4.117M Shares 13,107 Est. Cost $293.50 Unrealized —

COST Costco Wholesale Corporation 0.5%

Value $3.71M Shares 3,723 Est. Cost $963.77 Unrealized —

RCL Royal Caribbean Cruises Ltd. 0.5%

Value $3.642M Shares 13,234 Est. Cost $241.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CBOE	Cboe Global Markets, Inc.	29,796	$8.375M	1.1%	$240.25	—	—	12503M108
MCD	McDonalds Corporation	22,885	$7.112M	0.9%	$306.00	—	—	580135101
CEG	Constellation Energy Corporation	18,181	$5.077M	0.6%	$322.17	—	—	21037T109
ORLY	OReilly Automotive, Inc.	51,198	$4.726M	0.6%	$97.70	—	—	67103H107
FLEX	Flex Ltd.	72,100	$4.72M	0.6%	$44.91	—	—	Y2573F102
APH	Amphenol Corporation	34,180	$4.319M	0.6%	$55.90	—	—	032095101
COR	Cencora, Inc.	13,107	$4.117M	0.5%	$293.50	—	—	03073E105
COST	Costco Wholesale Corporation	3,723	$3.71M	0.5%	$963.77	—	—	22160K105
RCL	Royal Caribbean Cruises Ltd.	13,234	$3.642M	0.5%	$241.64	—	—	V7780T103

Decreased Positions (15)

XOM Exxon Mobil Corporation 2.3%

Value $17.77M (-42.5%) Shares 130,000 (-28.7%) Est. Cost $105.37 Unrealized —

MCK McKesson Corporation 1.1%

Value $8.302M (-40.4%) Shares 10,987 (-31.7%) Est. Cost $619.36 Unrealized —

ABBV AbbVie Inc. 0.8%

Value $6.239M (-37.5%) Shares 24,793 (-46.0%) Est. Cost $177.70 Unrealized —

CSCO Cisco Systems, Inc. 0.7%

Value $5.473M (-30.1%) Shares 46,593 (-53.8%) Est. Cost $60.76 Unrealized —

LLY Eli Lilly and Company 1.5%

Value $11.89M (+19.3%) Shares 9,917 (-8.5%) Est. Cost $782.80 Unrealized —

PANW Palo Alto Networks, Inc. 0.7%

Value $5.816M (-21.7%) Shares 17,056 (-63.2%) Est. Cost $178.16 Unrealized —

GILD Gilead Sciences, Inc. 0.7%

Value $5.585M (-21.0%) Shares 44,208 (-12.9%) Est. Cost $108.23 Unrealized —

AMAT Applied Materials, Inc. 0.8%

Value $6.316M (+30.2%) Shares 8,736 (-38.4%) Est. Cost $199.54 Unrealized —

PWR Quanta Services, Inc. 1.1%

Value $8.247M (+18.0%) Shares 11,454 (-10.0%) Est. Cost $388.50 Unrealized —

INTC Intel Corporation 1.2%

Value $9.323M (+9.8%) Shares 66,771 (-65.3%) Est. Cost $46.43 Unrealized —

SO The Southern Company 0.5%

Value $4.197M (-15.0%) Shares 43,850 (-14.3%) Est. Cost $87.99 Unrealized —

MNST Monster Beverage Corporation 0.8%

Value $6.313M (-6.2%) Shares 65,683 (-29.3%) Est. Cost $73.03 Unrealized —

C Citigroup, Inc. 1.3%

Value $10.12M (+3.1%) Shares 72,275 (-16.5%) Est. Cost $76.74 Unrealized —

CAT Caterpillar Inc. 0.9%

Value $6.941M (+3.4%) Shares 6,518 (-31.2%) Est. Cost $330.84 Unrealized —

TRV The Travelers Companies, Inc. 1.2%

Value $9.263M (+0.8%) Shares 28,059 (-10.9%) Est. Cost $281.43 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	Exxon Mobil Corporation	130,000 (-28.7%)	$17.77M (-42.5%)	2.3%	$105.37	—	Common Stock	30231G102
MCK	McKesson Corporation	10,987 (-31.7%)	$8.302M (-40.4%)	1.1%	$619.36	—	Common Stock	58155Q103
ABBV	AbbVie Inc.	24,793 (-46.0%)	$6.239M (-37.5%)	0.8%	$177.70	—	Common Stock	00287Y109
CSCO	Cisco Systems, Inc.	46,593 (-53.8%)	$5.473M (-30.1%)	0.7%	$60.76	—	Common Stock	17275R102
LLY	Eli Lilly and Company	9,917 (-8.5%)	$11.89M (+19.3%)	1.5%	$782.80	—	Common Stock	532457108
PANW	Palo Alto Networks, Inc.	17,056 (-63.2%)	$5.816M (-21.7%)	0.7%	$178.16	—	Common Stock	697435105
GILD	Gilead Sciences, Inc.	44,208 (-12.9%)	$5.585M (-21.0%)	0.7%	$108.23	—	Common Stock	375558103
AMAT	Applied Materials, Inc.	8,736 (-38.4%)	$6.316M (+30.2%)	0.8%	$199.54	—	Common Stock	038222105
PWR	Quanta Services, Inc.	11,454 (-10.0%)	$8.247M (+18.0%)	1.1%	$388.50	—	Common Stock	74762E102
INTC	Intel Corporation	66,771 (-65.3%)	$9.323M (+9.8%)	1.2%	$46.43	—	Common Stock	458140100
SO	The Southern Company	43,850 (-14.3%)	$4.197M (-15.0%)	0.5%	$87.99	—	Common Stock	842587107
MNST	Monster Beverage Corporation	65,683 (-29.3%)	$6.313M (-6.2%)	0.8%	$73.03	—	Common Stock	61174X109
C	Citigroup, Inc.	72,275 (-16.5%)	$10.12M (+3.1%)	1.3%	$76.74	—	Common Stock	172967424
CAT	Caterpillar Inc.	6,518 (-31.2%)	$6.941M (+3.4%)	0.9%	$330.84	—	Common Stock	149123101
TRV	The Travelers Companies, Inc.	28,059 (-10.9%)	$9.263M (+0.8%)	1.2%	$281.43	—	Common Stock	89417E109

Unchanged Positions (2)

LIT Global X Funds 0.8%

Value $6.244M Shares 80,000 Est. Cost $58.88 Unrealized —

INKT MiNK Therapeutics, Inc. 0.0%

Value $195K Shares 16,667 Est. Cost $7.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LIT	Global X Funds	80,000	$6.244M	0.8%	$58.88	—	Lithium & Battery Tech ETF	37954Y855
INKT	MiNK Therapeutics, Inc.	16,667	$195K	0.0%	$7.52	—	Common Stock	603693201