Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
POOL	POOL CORP	75,576 (-14.7%)	$12.23M (-35.7%)	2.7%	$161.87	$228.86	-29.3%	COM	73278L105
PEP	PEPSICO INC	80,677 (-16.8%)	$10.22M (-22.2%)	2.3%	$126.72	$153.14	-17.3%	COM	713448108
MTN	VAIL RESORTS INC	70,516 (-19.6%)	$9.673M (-19.0%)	2.1%	$137.18	$153.28	-10.5%	COM	91879Q109
CALM	CAL MAINE FOODS INC	126,065 (-4.8%)	$8.58M (-19.6%)	1.9%	$68.06	$56.95	+19.5%	COM NEW	128030202
VNT	VONTIER CORPORATION	441,283 (-3.9%)	$13.86M (+4.0%)	3.1%	$31.40	$39.39	-20.3%	COM	928881101

Unchanged Positions (23)

PSX PHILLIPS 66 5.6%

Value $25.19M Shares 98,647 Share Price $255.31 Est. Cost/Share $119.13 Unrealized @ Report Date +114.3%

LRCX LAM RESEARCH CORP 5.2%

Value $23.55M Shares 71,685 Share Price $328.51 Est. Cost/Share $92.09 Unrealized @ Report Date +256.7%

TMO THERMO FISHER SCIENTIFIC INC 4.6%

Value $20.71M Shares 30,676 Share Price $675.05 Est. Cost/Share $538.77 Unrealized @ Report Date +25.3%

JBHT HUNT J B TRANS SVCS INC 4.3%

Value $19.17M Shares 85,567 Share Price $224.05 Est. Cost/Share $167.46 Unrealized @ Report Date +33.8%

CMI CUMMINS INC 3.1%

Value $13.95M Shares 27,005 Share Price $516.57 Est. Cost/Share $274.50 Unrealized @ Report Date +88.2%

ACN ACCENTURE PLC IRELAND 2.3%

Value $10.35M Shares 56,458 Share Price $183.37 Est. Cost/Share $283.77 Unrealized @ Report Date -35.4%

SHEL SHELL PLC 3.5%

Value $15.63M Shares 164,472 Share Price $95.05 Est. Cost/Share $70.51 Unrealized @ Report Date +34.8%

MRK MERCK & CO INC 3.8%

Value $17.06M Shares 117,403 Share Price $145.31 Est. Cost/Share $97.58 Unrealized @ Report Date +48.9%

NVO NOVO-NORDISK A S 1.4%

Value $6.25M Shares 164,867 Share Price $37.91 Est. Cost/Share $90.69 Unrealized @ Report Date -58.2%

EMR EMERSON ELEC CO 3.6%

Value $16.19M Shares 104,408 Share Price $155.10 Est. Cost/Share $100.28 Unrealized @ Report Date +54.7%

DE DEERE & CO 4.6%

Value $20.72M Shares 30,854 Share Price $671.55 Est. Cost/Share $475.89 Unrealized @ Report Date +41.1%

TXN TEXAS INSTRS INC 4.1%

Value $18.58M Shares 66,326 Share Price $280.09 Est. Cost/Share $169.28 Unrealized @ Report Date +65.5%

NVS NOVARTIS AG 2.6%

Value $11.59M Shares 81,260 Share Price $142.57 Est. Cost/Share $108.26 Unrealized @ Report Date +31.7%

TSM TAIWAN SEMICONDUCTOR MANUFAC 5.6%

Value $25.24M Shares 55,321 Share Price $456.19 Est. Cost/Share $163.90 Unrealized @ Report Date +178.3%

BNS BANK NOVA SCOTIA B C 4.2%

Value $18.79M Shares 206,843 Share Price $90.84 Est. Cost/Share $46.74 Unrealized @ Report Date +94.4%

IBOC INTERNATIONAL BANCSHARES COR 1.9%

Value $8.73M Shares 127,460 Share Price $68.50 Est. Cost/Share $50.58 Unrealized @ Report Date +35.4%

GOOGL ALPHABET INC 5.7%

Value $25.79M Shares 74,950 Share Price $344.08 Est. Cost/Share $163.41 Unrealized @ Report Date +110.6%

COF CAPITAL ONE FINL CORP 2.7%

Value $12.25M Shares 63,439 Share Price $193.07 Est. Cost/Share $185.79 Unrealized @ Report Date +3.9%

ICLR ICON PUB LTD CO 5.1%

Value $22.99M Shares 135,223 Share Price $169.99 Est. Cost/Share $171.96 Unrealized @ Report Date -1.1%

WFC WELLS FARGO & CO 2.4%

Value $11M Shares 137,433 Share Price $80.05 Est. Cost/Share $60.89 Unrealized @ Report Date +31.5%

UL UNILEVER PLC 2.5%

Value $11.19M Shares 184,221 Share Price $60.73 Est. Cost/Share $67.20 Unrealized @ Report Date -9.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.4%

Value $15.39M Shares 30,915 Share Price $497.95 Est. Cost/Share $390.07 Unrealized @ Report Date +27.7%

GOOG ALPHABET INC 0.1%

Value $415K Shares 1,218 Share Price $340.74 Est. Cost/Share $164.85 Unrealized @ Report Date +106.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PSX	PHILLIPS 66	98,647	$25.19M	5.6%	$255.31	$119.13	+114.3%	COM	718546104
LRCX	LAM RESEARCH CORP	71,685	$23.55M	5.2%	$328.51	$92.09	+256.7%	COM NEW	512807306
TMO	THERMO FISHER SCIENTIFIC INC	30,676	$20.71M	4.6%	$675.05	$538.77	+25.3%	COM	883556102
JBHT	HUNT J B TRANS SVCS INC	85,567	$19.17M	4.3%	$224.05	$167.46	+33.8%	COM	445658107
CMI	CUMMINS INC	27,005	$13.95M	3.1%	$516.57	$274.50	+88.2%	COM	231021106
ACN	ACCENTURE PLC IRELAND	56,458	$10.35M	2.3%	$183.37	$283.77	-35.4%	SHS CLASS A	G1151C101
SHEL	SHELL PLC	164,472	$15.63M	3.5%	$95.05	$70.51	+34.8%	SPON ADS	780259305
MRK	MERCK & CO INC	117,403	$17.06M	3.8%	$145.31	$97.58	+48.9%	COM	58933Y105
NVO	NOVO-NORDISK A S	164,867	$6.25M	1.4%	$37.91	$90.69	-58.2%	ADR	670100205
EMR	EMERSON ELEC CO	104,408	$16.19M	3.6%	$155.10	$100.28	+54.7%	COM	291011104
DE	DEERE & CO	30,854	$20.72M	4.6%	$671.55	$475.89	+41.1%	COM	244199105
TXN	TEXAS INSTRS INC	66,326	$18.58M	4.1%	$280.09	$169.28	+65.5%	COM	882508104
NVS	NOVARTIS AG	81,260	$11.59M	2.6%	$142.57	$108.26	+31.7%	SPONSORED ADR	66987V109
TSM	TAIWAN SEMICONDUCTOR MANUFAC	55,321	$25.24M	5.6%	$456.19	$163.90	+178.3%	SPONSORED ADS	874039100
BNS	BANK NOVA SCOTIA B C	206,843	$18.79M	4.2%	$90.84	$46.74	+94.4%	COM	064149107
IBOC	INTERNATIONAL BANCSHARES COR	127,460	$8.73M	1.9%	$68.50	$50.58	+35.4%	COM	459044103
GOOGL	ALPHABET INC	74,950	$25.79M	5.7%	$344.08	$163.41	+110.6%	CAP STK CL A	02079K305
COF	CAPITAL ONE FINL CORP	63,439	$12.25M	2.7%	$193.07	$185.79	+3.9%	COM	14040H105
ICLR	ICON PUB LTD CO	135,223	$22.99M	5.1%	$169.99	$171.96	-1.1%	SHS	G4705A100
WFC	WELLS FARGO & CO	137,433	$11M	2.4%	$80.05	$60.89	+31.5%	COM	949746101
UL	UNILEVER PLC	184,221	$11.19M	2.5%	$60.73	$67.20	-9.6%	SPON ADR NEW	904767803
BRK/B	BERKSHIRE HATHAWAY INC DEL	30,915	$15.39M	3.4%	$497.95	$390.07	+27.7%	CL B NEW	084670702
GOOG	ALPHABET INC	1,218	$415K	0.1%	$340.74	$164.85	+106.7%	CAP STK CL C	02079K107