Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMCR	AMCOR PLC	189,109	$8.198M	3.1%	$43.35	—	COM NEW	G0250X149
QQQ	INVESCO QQQ TR	6,534	$4.812M	1.8%	$736.40	—	UNIT SER 1	46090E103
J	JACOBS SOLUTIONS INC	33,266	$4.192M	1.6%	$126.00	—	COM	46982L108
JCI	JOHNSON CONTROLS INTERNATION	28,518	$4.167M	1.6%	$146.11	—	SHS	G51502105
HRL	HORMEL FOODS CORP	159,070	$3.948M	1.5%	$24.82	—	COM	440452100
BWA	BORGWARNER INC	53,937	$3.581M	1.3%	$66.40	—	COM	099724106
VRT	VERTIV HOLDINGS CO	6,638	$2.223M	0.8%	$334.82	—	COM CL A	92537N108
STX	SEAGATE TECHNOLOGY HLDNGS PL	401	$387K	0.1%	$965.00	—	ORD SHS	G7997R103
GLW	CORNING INC	1,032	$264K	0.1%	$255.43	—	COM	219350105
PNC	PNC FINL SVCS GROUP INC	940	$231K	0.1%	$246.22	—	COM	693475105
VBK	VANGUARD INDEX FDS	627	$229K	0.1%	$365.48	—	SML CP GRW ETF	922908595
IBM	INTERNATIONAL BUSINESS MACHS	795	$224K	0.1%	$281.21	—	COM	459200101
CHCO	CITY HLDG CO	1,601	$212K	0.1%	$132.64	—	COM	177835105
CW	CURTISS WRIGHT CORP	276	$209K	0.1%	$757.76	—	COM	231561101

Increased Positions (26)

M MACYS INC 4.8%

Value $12.76M (+115.0%) Shares 541,710 (+65.2%) Est. Cost $16.93 Unrealized —

VZ VERIZON COMMUNICATIONS INC 4.8%

Value $12.7M (-12.7%) Shares 300,060 (+3.5%) Est. Cost $40.34 Unrealized —

AGNC AGNC INVT CORP 5.8%

Value $15.5M (+10.9%) Shares 1,422,255 (+2.0%) Est. Cost $9.71 Unrealized —

AAOI APPLIED OPTOELECTRONICS INC 0.7%

Value $1.868M (+170.0%) Shares 12,606 (+54.1%) Est. Cost $79.16 Unrealized —

HUT HUT 8 CORP 0.6%

Value $1.687M (+150.3%) Shares 14,611 (+1.7%) Est. Cost $57.56 Unrealized —

NLY ANNALY CAPITAL MANAGEMENT IN 4.1%

Value $10.88M (+8.4%) Shares 486,650 (+2.6%) Est. Cost $19.71 Unrealized —

BTI BRITISH AMERN TOB PLC 3.9%

Value $10.43M (+8.7%) Shares 168,816 (+3.0%) Est. Cost $30.94 Unrealized —

CINF CINCINNATI FINL CORP 1.7%

Value $4.585M (+19.1%) Shares 24,767 (+1.2%) Est. Cost $111.18 Unrealized —

ASO ACADEMY SPORTS & OUTDOORS IN 1.6%

Value $4.363M (-14.3%) Shares 92,564 (+2.7%) Est. Cost $49.43 Unrealized —

APLD APPLIED DIGITAL CORP 0.7%

Value $1.946M (+59.6%) Shares 52,180 (+1.6%) Est. Cost $28.94 Unrealized —

INOD INNODATA INC 0.5%

Value $1.35M (+101.2%) Shares 17,867 (+2.8%) Est. Cost $65.50 Unrealized —

DKS DICKS SPORTING GOODS INC 1.6%

Value $4.25M (+15.6%) Shares 18,739 (+1.1%) Est. Cost $208.10 Unrealized —

BXMT BLACKSTONE MORTGAGE TRUST IN 2.0%

Value $5.466M (-8.0%) Shares 322,474 (+4.0%) Est. Cost $18.23 Unrealized —

OXM OXFORD INDS INC 1.8%

Value $4.722M (-8.4%) Shares 135,427 (+1.1%) Est. Cost $37.20 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 1.4%

Value $3.863M (+11.4%) Shares 16,325 (+1.3%) Est. Cost $175.33 Unrealized —

ORI OLD REP INTL CORP 2.7%

Value $7.094M (+5.5%) Shares 173,366 (+2.9%) Est. Cost $24.30 Unrealized —

ENB ENBRIDGE INC 5.2%

Value $13.93M (+2.6%) Shares 256,946 (+2.4%) Est. Cost $30.02 Unrealized —

WPC WP CAREY INC 1.7%

Value $4.517M (+7.2%) Shares 63,176 (+1.9%) Est. Cost $64.63 Unrealized —

AXTI AXT INC 0.4%

Value $1.005M (+28.1%) Shares 13,949 (+1.2%) Est. Cost $23.31 Unrealized —

SPHQ INVESCO EXCHANGE TRADED FD T 0.4%

Value $1.004M (+26.7%) Shares 11,140 (+5.7%) Est. Cost $65.72 Unrealized —

O REALTY INCOME CORP 2.0%

Value $5.452M (+3.7%) Shares 87,998 (+2.4%) Est. Cost $49.45 Unrealized —

KMI KINDER MORGAN INC DEL 2.4%

Value $6.283M (-3.0%) Shares 196,541 (+1.8%) Est. Cost $26.99 Unrealized —

IJR ISHARES TR 0.3%

Value $870K (+22.5%) Shares 5,869 (+2.7%) Est. Cost $109.30 Unrealized —

BX BLACKSTONE INC 1.5%

Value $3.936M (+4.2%) Shares 33,446 (+1.8%) Est. Cost $140.46 Unrealized —

VOO VANGUARD INDEX FDS 0.4%

Value $1.093M (+16.1%) Shares 1,592 (+1.0%) Est. Cost $486.65 Unrealized —

DFAR DIMENSIONAL ETF TRUST 0.1%

Value $359K (+12.6%) Shares 13,735 (+1.8%) Est. Cost $22.19 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
M	MACYS INC	541,710 (+65.2%)	$12.76M (+115.0%)	4.8%	$16.93	—	COM	55616P104
VZ	VERIZON COMMUNICATIONS INC	300,060 (+3.5%)	$12.7M (-12.7%)	4.8%	$40.34	—	COM	92343V104
AGNC	AGNC INVT CORP	1,422,255 (+2.0%)	$15.5M (+10.9%)	5.8%	$9.71	—	COM	00123Q104
AAOI	APPLIED OPTOELECTRONICS INC	12,606 (+54.1%)	$1.868M (+170.0%)	0.7%	$79.16	—	COM	03823U102
HUT	HUT 8 CORP	14,611 (+1.7%)	$1.687M (+150.3%)	0.6%	$57.56	—	COM	44812J104
NLY	ANNALY CAPITAL MANAGEMENT IN	486,650 (+2.6%)	$10.88M (+8.4%)	4.1%	$19.71	—	COM NEW	035710839
BTI	BRITISH AMERN TOB PLC	168,816 (+3.0%)	$10.43M (+8.7%)	3.9%	$30.94	—	SPONSORED ADR	110448107
CINF	CINCINNATI FINL CORP	24,767 (+1.2%)	$4.585M (+19.1%)	1.7%	$111.18	—	COM	172062101
ASO	ACADEMY SPORTS & OUTDOORS IN	92,564 (+2.7%)	$4.363M (-14.3%)	1.6%	$49.43	—	COM	00402L107
APLD	APPLIED DIGITAL CORP	52,180 (+1.6%)	$1.946M (+59.6%)	0.7%	$28.94	—	COM NEW	038169207
INOD	INNODATA INC	17,867 (+2.8%)	$1.35M (+101.2%)	0.5%	$65.50	—	COM NEW	457642205
DKS	DICKS SPORTING GOODS INC	18,739 (+1.1%)	$4.25M (+15.6%)	1.6%	$208.10	—	COM	253393102
BXMT	BLACKSTONE MORTGAGE TRUST IN	322,474 (+4.0%)	$5.466M (-8.0%)	2.0%	$18.23	—	COM CL A	09257W100
OXM	OXFORD INDS INC	135,427 (+1.1%)	$4.722M (-8.4%)	1.8%	$37.20	—	COM	691497309
VIG	VANGUARD SPECIALIZED FUNDS	16,325 (+1.3%)	$3.863M (+11.4%)	1.4%	$175.33	—	DIV APP ETF	921908844
ORI	OLD REP INTL CORP	173,366 (+2.9%)	$7.094M (+5.5%)	2.7%	$24.30	—	COM	680223104
ENB	ENBRIDGE INC	256,946 (+2.4%)	$13.93M (+2.6%)	5.2%	$30.02	—	COM	29250N105
WPC	WP CAREY INC	63,176 (+1.9%)	$4.517M (+7.2%)	1.7%	$64.63	—	COM	92936U109
AXTI	AXT INC	13,949 (+1.2%)	$1.005M (+28.1%)	0.4%	$23.31	—	COM	00246W103
SPHQ	INVESCO EXCHANGE TRADED FD T	11,140 (+5.7%)	$1.004M (+26.7%)	0.4%	$65.72	—	S&P500 QUALITY	46137V241
O	REALTY INCOME CORP	87,998 (+2.4%)	$5.452M (+3.7%)	2.0%	$49.45	—	COM	756109104
KMI	KINDER MORGAN INC DEL	196,541 (+1.8%)	$6.283M (-3.0%)	2.4%	$26.99	—	COM	49456B101
IJR	ISHARES TR	5,869 (+2.7%)	$870K (+22.5%)	0.3%	$109.30	—	CORE S&P SCP ETF	464287804
BX	BLACKSTONE INC	33,446 (+1.8%)	$3.936M (+4.2%)	1.5%	$140.46	—	COM	09260D107
VOO	VANGUARD INDEX FDS	1,592 (+1.0%)	$1.093M (+16.1%)	0.4%	$486.65	—	S&P 500 ETF SHS	922908363
DFAR	DIMENSIONAL ETF TRUST	13,735 (+1.8%)	$359K (+12.6%)	0.1%	$22.19	—	US REAL ESTA ETF	25434V823

Exited Positions (4)

KR KROGER CO 2.6%

Value $6.988M Shares 96,567 Est. Cost $65.22 Unrealized —

UPS UNITED PARCEL SVCS INC 1.4%

Value $3.785M Shares 38,471 Est. Cost $91.17 Unrealized —

CAG CONAGRA BRANDS INC 1.0%

Value $2.651M Shares 168,655 Est. Cost $17.64 Unrealized —

TSSI TSS INC DEL 0.5%

Value $1.227M Shares 94,274 Est. Cost $12.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KR	KROGER CO	96,567	$6.988M	2.6%	$65.22	—	—	501044101
UPS	UNITED PARCEL SVCS INC	38,471	$3.785M	1.4%	$91.17	—	—	911312106
CAG	CONAGRA BRANDS INC	168,655	$2.651M	1.0%	$17.64	—	—	205887102
TSSI	TSS INC DEL	94,274	$1.227M	0.5%	$12.92	—	—	87288V101

Decreased Positions (8)

BP BP PLC 2.2%

Value $5.791M (-58.7%) Shares 156,723 (-47.5%) Est. Cost $33.16 Unrealized —

CVX CHEVRON CORPORATION 1.9%

Value $5.105M (-53.4%) Shares 30,801 (-41.8%) Est. Cost $138.56 Unrealized —

EG EVEREST GROUP LTD 2.4%

Value $6.496M (-43.3%) Shares 18,184 (-48.2%) Est. Cost $336.40 Unrealized —

MELI MERCADOLIBRE INC 0.2%

Value $406K (-91.8%) Shares 239 (-91.6%) Est. Cost $1808.46 Unrealized —

NBIS NEBIUS GROUP N.V. 1.5%

Value $4.097M (+120.5%) Shares 14,834 (-17.2%) Est. Cost $100.44 Unrealized —

AAPL APPLE INC 2.1%

Value $5.519M (+12.0%) Shares 19,073 (-1.7%) Est. Cost $184.93 Unrealized —

CMI CUMMINS INC 2.9%

Value $7.741M (+3.7%) Shares 10,854 (-21.8%) Est. Cost $297.10 Unrealized —

HD HOME DEPOT INC 0.2%

Value $415K (+4.8%) Shares 1,178 (-2.2%) Est. Cost $308.39 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BP	BP PLC	156,723 (-47.5%)	$5.791M (-58.7%)	2.2%	$33.16	—	SPONSORED ADR	055622104
CVX	CHEVRON CORPORATION	30,801 (-41.8%)	$5.105M (-53.4%)	1.9%	$138.56	—	COM	166764100
EG	EVEREST GROUP LTD	18,184 (-48.2%)	$6.496M (-43.3%)	2.4%	$336.40	—	COM	G3223R108
MELI	MERCADOLIBRE INC	239 (-91.6%)	$406K (-91.8%)	0.2%	$1808.46	—	COM	58733R102
NBIS	NEBIUS GROUP N.V.	14,834 (-17.2%)	$4.097M (+120.5%)	1.5%	$100.44	—	SHS CLASS A	N97284108
AAPL	APPLE INC	19,073 (-1.7%)	$5.519M (+12.0%)	2.1%	$184.93	—	COM	037833100
CMI	CUMMINS INC	10,854 (-21.8%)	$7.741M (+3.7%)	2.9%	$297.10	—	COM	231021106
HD	HOME DEPOT INC	1,178 (-2.2%)	$415K (+4.8%)	0.2%	$308.39	—	COM	437076102

Unchanged Positions (33)

MU MICRON TECHNOLOGY INC 2.3%

Value $6.114M Shares 5,297 Est. Cost $387.04 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.9%

Value $4.965M Shares 10,396 Est. Cost $104.00 Unrealized —

AMZN AMAZON COM INC 3.5%

Value $9.297M Shares 39,008 Est. Cost $203.27 Unrealized —

T AT&T INC 1.1%

Value $2.967M Shares 143,321 Est. Cost $14.61 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 4.6%

Value $12.3M Shares 24,572 Est. Cost $452.95 Unrealized —

EOG EOG RES INC 1.6%

Value $4.139M Shares 31,908 Est. Cost $112.08 Unrealized —

XOM EXXON MOBIL CORP 0.5%

Value $1.34M Shares 9,802 Est. Cost $99.04 Unrealized —

LLY ELI LILLY & CO 0.3%

Value $744K Shares 620 Est. Cost $615.53 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.6%

Value $1.59M Shares 7,473 Est. Cost $170.96 Unrealized —

FNDF SCHWAB STRATEGIC TR 0.8%

Value $2.06M Shares 39,048 Est. Cost $34.41 Unrealized —

NVDA NVIDIA CORPORATION 0.4%

Value $961K Shares 4,805 Est. Cost $154.91 Unrealized —

CSX CSX CORP 0.3%

Value $878K Shares 18,483 Est. Cost $30.86 Unrealized —

CAT CATERPILLAR INC 0.1%

Value $333K Shares 313 Est. Cost $555.50 Unrealized —

AVGO BROADCOM INC 0.2%

Value $453K Shares 1,200 Est. Cost $202.69 Unrealized —

JPM JPMORGAN CHASE & CO 0.3%

Value $809K Shares 2,472 Est. Cost $162.01 Unrealized —

GOOG ALPHABET INC 0.2%

Value $427K Shares 1,209 Est. Cost $209.93 Unrealized —

NFLX NETFLIX INC. 0.1%

Value $224K Shares 3,140 Est. Cost $100.66 Unrealized —

GNR SPDR INDEX SHS FDS 0.2%

Value $570K Shares 8,470 Est. Cost $56.64 Unrealized —

PEP PEPSICO INC 0.1%

Value $377K Shares 2,782 Est. Cost $153.75 Unrealized —

SR SPIRE INC 0.1%

Value $265K Shares 3,391 Est. Cost $62.34 Unrealized —

MMM 3M CO 0.2%

Value $402K Shares 2,484 Est. Cost $79.61 Unrealized —

IGV ISHARES TR 0.1%

Value $306K Shares 3,381 Est. Cost $150.43 Unrealized —

MRK MERCK & CO INC 0.2%

Value $573K Shares 4,458 Est. Cost $97.66 Unrealized —

IVV ISHARES TR 0.1%

Value $289K Shares 385 Est. Cost $570.33 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value $244K Shares 659 Est. Cost $335.07 Unrealized —

DVY ISHARES TR 0.3%

Value $871K Shares 5,573 Est. Cost $117.58 Unrealized —

WMT WALMART INC 0.1%

Value $205K Shares 1,813 Est. Cost $94.76 Unrealized —

KO COCA COLA CO 0.1%

Value $260K Shares 3,194 Est. Cost $59.12 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $218K Shares 233 Est. Cost $673.40 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value $287K Shares 1,131 Est. Cost $169.51 Unrealized —

PG PROCTER & GAMBLE CO 0.2%

Value $570K Shares 3,890 Est. Cost $148.84 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $839K Shares 2,248 Est. Cost $388.96 Unrealized —

FBND FIDELITY MERRIMACK STR TR 0.2%

Value $632K Shares 13,900 Est. Cost $44.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	5,297	$6.114M	2.3%	$387.04	—	COM	595112103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	10,396	$4.965M	1.9%	$104.00	—	SPONSORED ADS	874039100
AMZN	AMAZON COM INC	39,008	$9.297M	3.5%	$203.27	—	COM	023135106
T	AT&T INC	143,321	$2.967M	1.1%	$14.61	—	COM	00206R102
BRK/B	BERKSHIRE HATHAWAY INC DEL	24,572	$12.3M	4.6%	$452.95	—	CL B NEW	084670702
EOG	EOG RES INC	31,908	$4.139M	1.6%	$112.08	—	COM	26875P101
XOM	EXXON MOBIL CORP	9,802	$1.34M	0.5%	$99.04	—	COM	30231G102
LLY	ELI LILLY & CO	620	$744K	0.3%	$615.53	—	COM	532457108
RSP	INVESCO EXCHANGE TRADED FD T	7,473	$1.59M	0.6%	$170.96	—	S&P500 EQL WGT	46137V357
FNDF	SCHWAB STRATEGIC TR	39,048	$2.06M	0.8%	$34.41	—	FUNDAMENTAL INTL	808524755
NVDA	NVIDIA CORPORATION	4,805	$961K	0.4%	$154.91	—	COM	67066G104
CSX	CSX CORP	18,483	$878K	0.3%	$30.86	—	COM	126408103
CAT	CATERPILLAR INC	313	$333K	0.1%	$555.50	—	COM	149123101
AVGO	BROADCOM INC	1,200	$453K	0.2%	$202.69	—	COM	11135F101
JPM	JPMORGAN CHASE & CO	2,472	$809K	0.3%	$162.01	—	COM	46625H100
GOOG	ALPHABET INC	1,209	$427K	0.2%	$209.93	—	CAP STK CL C	02079K107
NFLX	NETFLIX INC.	3,140	$224K	0.1%	$100.66	—	COM	64110L106
GNR	SPDR INDEX SHS FDS	8,470	$570K	0.2%	$56.64	—	ST STR NAT ETF	78463X541
PEP	PEPSICO INC	2,782	$377K	0.1%	$153.75	—	COM	713448108
SR	SPIRE INC	3,391	$265K	0.1%	$62.34	—	COM	84857L101
MMM	3M CO	2,484	$402K	0.2%	$79.61	—	COM	88579Y101
IGV	ISHARES TR	3,381	$306K	0.1%	$150.43	—	EXPANDED TECH	464287515
MRK	MERCK & CO INC	4,458	$573K	0.2%	$97.66	—	COM	58933Y105
IVV	ISHARES TR	385	$289K	0.1%	$570.33	—	CORE S&P500 ETF	464287200
VTI	VANGUARD INDEX FDS	659	$244K	0.1%	$335.07	—	TOTAL STK MKT	922908769
DVY	ISHARES TR	5,573	$871K	0.3%	$117.58	—	SELECT DIVID ETF	464287168
WMT	WALMART INC	1,813	$205K	0.1%	$94.76	—	COM	931142103
KO	COCA COLA CO	3,194	$260K	0.1%	$59.12	—	COM	191216100
COST	COSTCO WHOLESALE CORPORATION	233	$218K	0.1%	$673.40	—	COM	22160K105
JNJ	JOHNSON & JOHNSON	1,131	$287K	0.1%	$169.51	—	COM	478160104
PG	PROCTER & GAMBLE CO	3,890	$570K	0.2%	$148.84	—	COM	742718109
MSFT	MICROSOFT CORP	2,248	$839K	0.3%	$388.96	—	COM	594918104
FBND	FIDELITY MERRIMACK STR TR	13,900	$632K	0.2%	$44.95	—	TOTAL BD ETF	316188309