Bey-Douglas LLC Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	5,975 (+23.2%)	$6,421 (+73.5%)	5.1%	$864.92	+10.5%	COM	532457108
RTX	RTX CORPORATION	13,823 (+392.3%)	$2,535 (+439.5%)	2.0%	$158.51	+9.3%	COM	75513E101
CSCO	CISCO SYS INC	5,004 (+10.1%)	$385 (+24.0%)	0.3%	$61.43	+20.1%	COM	17275R102
JNJ	JOHNSON & JOHNSON	2,222 (+4.4%)	$460 (+16.5%)	0.4%	$147.85	+33.3%	COM	478160104
AMZN	AMAZON COM INC	1,701 (+5.9%)	$393 (+11.3%)	0.3%	$190.60	+20.0%	COM	023135106
MDT	MEDTRONIC PLC	3,595 (+11.3%)	$345 (+12.3%)	0.3%	$87.52	+11.0%	SHS	G5960L103
PEP	PEPSICO INC	2,617 (+6.4%)	$376 (+8.7%)	0.3%	$149.28	-2.3%	COM	713448108
ED	CONSOLIDATED EDISON INC	2,735 (+9.2%)	$272 (+7.9%)	0.2%	$97.44	+1.4%	COM	209115104
SO	SOUTHERN CO	5,396 (+4.9%)	$471 (-3.5%)	0.4%	$69.21	+31.3%	COM	842587107
CVX	CHEVRON CORP NEW	2,677 (+5.8%)	$408 (+3.8%)	0.3%	$152.23	-0.5%	COM	166764100
ABBV	ABBVIE INC	2,102 (+4.6%)	$480 (+3.2%)	0.4%	$150.51	+51.2%	COM	00287Y109
WM	WASTE MGMT INC DEL	1,233 (+3.7%)	$271 (+3.2%)	0.2%	$221.67	-4.1%	COM	94106L109

Exited Positions (23)

FISV FISERV INC 3.4%

Value ($000) $4,268 Shares 33,106 Est. Cost $137.73 Unrealized -39.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.0%

Value ($000) $3,752 Shares 7,463 Est. Cost $390.63 Unrealized +27.4%

AVGO BROADCOM INC 1.6%

Value ($000) $1,951 Shares 5,913 Est. Cost $262.38 Unrealized +36.1%

FSK FS KKR CAP CORP 0.5%

Value ($000) $683 Shares 45,745 Est. Cost $16.17 Unrealized -9.1%

SEZL SEZZLE INC 0.4%

Value ($000) $477 Shares 6,000 Est. Cost $114.79 Unrealized -40.6%

BX BLACKSTONE INC 0.2%

Value ($000) $269 Shares 1,572 Est. Cost $169.47 Unrealized -10.6%

FIX COMFORT SYS USA INC 0.2%

Value ($000) $263 Shares 319 Est. Cost $677.11 Unrealized +36.3%

NOW SERVICENOW INC 0.2%

Value ($000) $252 Shares 274 Est. Cost $186.78 Unrealized -8.2%

ANET ARISTA NETWORKS INC 0.2%

Value ($000) $252 Shares 1,727 Est. Cost $128.77 Unrealized +6.9%

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value ($000) $235 Shares 1,289 Est. Cost $162.07 Unrealized +11.7%

MRK MERCK & CO INC 0.2%

Value ($000) $225 Shares 2,685 Est. Cost $81.01 Unrealized +15.1%

PAYX PAYCHEX INC 0.2%

Value ($000) $220 Shares 1,739 Est. Cost $147.32 Unrealized -20.9%

PANW PALO ALTO NETWORKS INC 0.2%

Value ($000) $220 Shares 1,080 Est. Cost $185.70 Unrealized +8.6%

CALF PACER FDS TR 0.2%

Value ($000) $205 Shares 4,681 Est. Cost $39.82 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.2%

Value ($000) $198 Shares 2,872 Est. Cost $62.79 Unrealized +6.5%

LOW LOWES COS INC 0.2%

Value ($000) $196 Shares 778 Est. Cost $244.20 Unrealized -1.8%

GEV GE VERNOVA INC 0.1%

Value ($000) $181 Shares 294 Est. Cost $605.52 Unrealized +0.6%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $177 Shares 191 Est. Cost $956.70 Unrealized -5.3%

AFL AFLAC INC 0.1%

Value ($000) $163 Shares 1,462 Est. Cost $104.19 Unrealized +5.4%

CLS CELESTICA INC 0.1%

Value ($000) $163 Shares 661 Est. Cost $201.61 Unrealized +49.5%

WFC WELLS FARGO CO NEW 0.1%

Value ($000) $152 Shares 1,810 Est. Cost $80.47 Unrealized +7.7%

CB CHUBB LIMITED 0.1%

Value ($000) $148 Shares 525 Est. Cost $275.21 Unrealized +6.2%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $134 Shares 239 Est. Cost $559.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	33,106	$4,268	3.4%	$137.73	-39.1%	—	337738108
BRK/B	BERKSHIRE HATHAWAY INC DEL	7,463	$3,752	3.0%	$390.63	+27.4%	—	084670702
AVGO	BROADCOM INC	5,913	$1,951	1.6%	$262.38	+36.1%	—	11135F101
FSK	FS KKR CAP CORP	45,745	$683	0.5%	$16.17	-9.1%	—	302635206
SEZL	SEZZLE INC	6,000	$477	0.4%	$114.79	-40.6%	—	78435P105
BX	BLACKSTONE INC	1,572	$269	0.2%	$169.47	-10.6%	—	09260D107
FIX	COMFORT SYS USA INC	319	$263	0.2%	$677.11	+36.3%	—	199908104
NOW	SERVICENOW INC	274	$252	0.2%	$186.78	-8.2%	—	81762P102
ANET	ARISTA NETWORKS INC	1,727	$252	0.2%	$128.77	+6.9%	—	040413205
PLTR	PALANTIR TECHNOLOGIES INC	1,289	$235	0.2%	$162.07	+11.7%	—	69608A108
MRK	MERCK & CO INC	2,685	$225	0.2%	$81.01	+15.1%	—	58933Y105
PAYX	PAYCHEX INC	1,739	$220	0.2%	$147.32	-20.9%	—	704326107
PANW	PALO ALTO NETWORKS INC	1,080	$220	0.2%	$185.70	+8.6%	—	697435105
CALF	PACER FDS TR	4,681	$205	0.2%	$39.82	—	—	69374H857
IBKR	INTERACTIVE BROKERS GROUP IN	2,872	$198	0.2%	$62.79	+6.5%	—	45841N107
LOW	LOWES COS INC	778	$196	0.2%	$244.20	-1.8%	—	548661107
GEV	GE VERNOVA INC	294	$181	0.1%	$605.52	+0.6%	—	36828A101
COST	COSTCO WHSL CORP NEW	191	$177	0.1%	$956.70	-5.3%	—	22160K105
AFL	AFLAC INC	1,462	$163	0.1%	$104.19	+5.4%	—	001055102
CLS	CELESTICA INC	661	$163	0.1%	$201.61	+49.5%	—	15101Q207
WFC	WELLS FARGO CO NEW	1,810	$152	0.1%	$80.47	+7.7%	—	949746101
CB	CHUBB LIMITED	525	$148	0.1%	$275.21	+6.2%	—	H1467J104
SPY	SPDR S&P 500 ETF TR	239	$134	0.1%	$559.59	—	—	78462F103

Decreased Positions (9)

ADBE ADOBE INC 0.5%

Value ($000) $616 (-84.7%) Shares 1,761 (-84.6%) Est. Cost $521.79 Unrealized -34.8%

CRM SALESFORCE INC 3.2%

Value ($000) $3,951 (+9.4%) Shares 14,915 (-2.1%) Est. Cost $259.64 Unrealized -4.4%

UBER UBER TECHNOLOGIES INC 1.0%

Value ($000) $1,207 (-18.3%) Shares 14,769 (-2.1%) Est. Cost $93.52 Unrealized -3.7%

COWG PACER FDS TR 0.2%

Value ($000) $245 (-49.6%) Shares 6,956 (-48.1%) Est. Cost $31.36 Unrealized —

ACN ACCENTURE PLC IRELAND 0.4%

Value ($000) $531 (+5.6%) Shares 1,981 (-2.9%) Est. Cost $310.55 Unrealized -18.2%

COWZ PACER FDS TR 0.4%

Value ($000) $529 (+1.0%) Shares 8,785 (-3.5%) Est. Cost $52.71 Unrealized —

VUG VANGUARD INDEX FDS 0.5%

Value ($000) $681 (-0.3%) Shares 1,396 (-2.0%) Est. Cost $332.83 Unrealized —

TCHP T ROWE PRICE ETF INC 0.3%

Value ($000) $334 (-0.2%) Shares 6,704 (-2.1%) Est. Cost $33.14 Unrealized —

NSEP INNOVATOR ETFS TRUST 0.2%

Value ($000) $305 (+0.1%) Shares 14,298 (-1.9%) Est. Cost $20.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	1,761 (-84.6%)	$616 (-84.7%)	0.5%	$521.79	-34.8%	COM	00724F101
CRM	SALESFORCE INC	14,915 (-2.1%)	$3,951 (+9.4%)	3.2%	$259.64	-4.4%	COM	79466L302
UBER	UBER TECHNOLOGIES INC	14,769 (-2.1%)	$1,207 (-18.3%)	1.0%	$93.52	-3.7%	COM	90353T100
COWG	PACER FDS TR	6,956 (-48.1%)	$245 (-49.6%)	0.2%	$31.36	—	US LRG CP CASH	69374H360
ACN	ACCENTURE PLC IRELAND	1,981 (-2.9%)	$531 (+5.6%)	0.4%	$310.55	-18.2%	SHS CLASS A	G1151C101
COWZ	PACER FDS TR	8,785 (-3.5%)	$529 (+1.0%)	0.4%	$52.71	—	US CASH COWS 100	69374H881
VUG	VANGUARD INDEX FDS	1,396 (-2.0%)	$681 (-0.3%)	0.5%	$332.83	—	GROWTH ETF	922908736
TCHP	T ROWE PRICE ETF INC	6,704 (-2.1%)	$334 (-0.2%)	0.3%	$33.14	—	PRICE BLUE CHIP	87283Q107
NSEP	INNOVATOR ETFS TRUST	14,298 (-1.9%)	$305 (+0.1%)	0.2%	$20.93	—	GROWTH 100 POWER	45784N205

Unchanged Positions (21)

GOOGL ALPHABET INC 14.9%

Value ($000) $18,661 Shares 59,621 Est. Cost $143.67 Unrealized +98.8%

MSFT MICROSOFT CORP 9.4%

Value ($000) $11,768 Shares 24,333 Est. Cost $375.62 Unrealized +33.3%

META META PLATFORMS INC 3.2%

Value ($000) $4,043 Shares 6,125 Est. Cost $631.25 Unrealized +5.7%

ADP AUTOMATIC DATA PROCESSING IN 2.3%

Value ($000) $2,899 Shares 11,269 Est. Cost $245.48 Unrealized +7.9%

ETN EATON CORP PLC 1.8%

Value ($000) $2,280 Shares 7,159 Est. Cost $288.11 Unrealized +23.0%

AAPL APPLE INC 4.6%

Value ($000) $5,792 Shares 21,305 Est. Cost $189.43 Unrealized +41.7%

MCK MCKESSON CORP 3.8%

Value ($000) $4,785 Shares 5,833 Est. Cost $552.61 Unrealized +47.6%

SYK STRYKER CORPORATION 4.1%

Value ($000) $5,141 Shares 14,626 Est. Cost $302.65 Unrealized +20.1%

INTU INTUIT 5.4%

Value ($000) $6,695 Shares 10,107 Est. Cost $580.28 Unrealized +13.9%

GWW WW GRAINGER INC 3.4%

Value ($000) $4,205 Shares 4,167 Est. Cost $827.42 Unrealized +17.1%

V VISA INC 5.8%

Value ($000) $7,265 Shares 20,715 Est. Cost $272.93 Unrealized +24.7%

TSCO TRACTOR SUPPLY CO 0.7%

Value ($000) $843 Shares 16,847 Est. Cost $52.04 Unrealized +3.2%

BKNG BOOKING HOLDINGS INC 6.1%

Value ($000) $7,676 Shares 1,433 Est. Cost $3667.38 Unrealized +40.1%

HD HOME DEPOT INC 0.2%

Value ($000) $269 Shares 783 Est. Cost $321.79 Unrealized +13.3%

XOM EXXON MOBIL CORP 0.4%

Value ($000) $528 Shares 4,391 Est. Cost $104.51 Unrealized +10.5%

MA MASTERCARD INCORPORATED 4.2%

Value ($000) $5,288 Shares 9,263 Est. Cost $441.84 Unrealized +26.5%

NVDA NVIDIA CORPORATION 10.6%

Value ($000) $13,214 Shares 70,851 Est. Cost $103.57 Unrealized +79.7%

— ABRDN INCOME CREDIT STRATEGI 0.1%

Value ($000) $160 Shares 29,509 Est. Cost $6.35 Unrealized —

— EATON VANCE SHORT DURATION D 0.2%

Value ($000) $233 Shares 21,306 Est. Cost $10.58 Unrealized —

— MFS MULTIMARKET INCOME TR 0.2%

Value ($000) $193 Shares 41,491 Est. Cost $4.60 Unrealized —

— REAVES UTIL INCOME FD 0.3%

Value ($000) $340 Shares 8,581 Est. Cost $39.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	59,621	$18,661	14.9%	$143.67	+98.8%	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	24,333	$11,768	9.4%	$375.62	+33.3%	COM	594918104
META	META PLATFORMS INC	6,125	$4,043	3.2%	$631.25	+5.7%	CL A	30303M102
ADP	AUTOMATIC DATA PROCESSING IN	11,269	$2,899	2.3%	$245.48	+7.9%	COM	053015103
ETN	EATON CORP PLC	7,159	$2,280	1.8%	$288.11	+23.0%	SHS	G29183103
AAPL	APPLE INC	21,305	$5,792	4.6%	$189.43	+41.7%	COM	037833100
MCK	MCKESSON CORP	5,833	$4,785	3.8%	$552.61	+47.6%	COM	58155Q103
SYK	STRYKER CORPORATION	14,626	$5,141	4.1%	$302.65	+20.1%	COM	863667101
INTU	INTUIT	10,107	$6,695	5.4%	$580.28	+13.9%	COM	461202103
GWW	WW GRAINGER INC	4,167	$4,205	3.4%	$827.42	+17.1%	COM	384802104
V	VISA INC	20,715	$7,265	5.8%	$272.93	+24.7%	COM CL A	92826C839
TSCO	TRACTOR SUPPLY CO	16,847	$843	0.7%	$52.04	+3.2%	COM	892356106
BKNG	BOOKING HOLDINGS INC	1,433	$7,676	6.1%	$3667.38	+40.1%	COM	09857L108
HD	HOME DEPOT INC	783	$269	0.2%	$321.79	+13.3%	COM	437076102
XOM	EXXON MOBIL CORP	4,391	$528	0.4%	$104.51	+10.5%	COM	30231G102
MA	MASTERCARD INCORPORATED	9,263	$5,288	4.2%	$441.84	+26.5%	CL A	57636Q104
NVDA	NVIDIA CORPORATION	70,851	$13,214	10.6%	$103.57	+79.7%	COM	67066G104
—	ABRDN INCOME CREDIT STRATEGI	29,509	$160	0.1%	$6.35	—	COM	003057106
—	EATON VANCE SHORT DURATION D	21,306	$233	0.2%	$10.58	—	COM	27828V104
—	MFS MULTIMARKET INCOME TR	41,491	$193	0.2%	$4.60	—	SH BEN INT	552737108
—	REAVES UTIL INCOME FD	8,581	$340	0.3%	$39.62	—	COM SH BEN INT	756158101