Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IQV	IQVIA HOLDINGS INC	17,500 (+34.6%)	$3.38M (+52.6%)	12.1%	$218.22	—	COM	46266C105
XYL	XYLEM	30,500 (+20.1%)	$3.604M (+18.8%)	12.9%	$130.92	—	COM	98419M100
BSY	BENTLEY SYSTEMS INC-CLASS B	73,800 (+39.2%)	$2.205M (+18.6%)	7.9%	$44.42	—	COM CL B	08265T208
VLTO	VERALTO	25,300 (+4.1%)	$2.243M (+4.5%)	8.0%	$95.18	—	COM SHS	92338C103
CEG	CONSTELLATION ENERGY	7,450 (+16.4%)	$1.85M (+3.6%)	6.6%	$285.99	—	COM	21037T109
CRM	SALESFORCE INC	4,100 (+10.8%)	$642K (-7.0%)	2.3%	$255.31	—	COM	79466L302

Exited Positions (18)

EMR EMERSON ELECTRIC CO 12.8%

Value $3.574M Shares 27,300 Est. Cost $132.37 Unrealized —

BSX BOSTON SCIENTIFIC CORP 11.2%

Value $3.135M Shares 50,000 Est. Cost $98.04 Unrealized —

ECL ECOLAB INC 11.1%

Value $3.097M Shares 11,650 Est. Cost $265.71 Unrealized —

RSG REPUBLIC SERVICES 9.6%

Value $2.692M Shares 12,300 Est. Cost $214.59 Unrealized —

TMO THERMO FISHER SCIE 7.9%

Value $2.21M Shares 4,500 Est. Cost $565.16 Unrealized —

DHR DANAHER 7.9%

Value $2.198M Shares 11,600 Est. Cost $219.54 Unrealized —

CLH CLEAN HARBORS INC 7.6%

Value $2.135M Shares 7,450 Est. Cost $228.49 Unrealized —

SNPS SYNOPSYS INC 7.6%

Value $2.12M Shares 5,350 Est. Cost $444.23 Unrealized —

FSLR FIRST SOLAR 6.1%

Value $1.695M Shares 8,600 Est. Cost $252.20 Unrealized —

ULS UL SOLUTIONS INC - CLASS A 4.9%

Value $1.37M Shares 16,000 Est. Cost $80.28 Unrealized —

MWA MUELLER WATER PRODUCTS SER A 3.2%

Value $907K Shares 33,000 Est. Cost $24.69 Unrealized —

EBAY EBAY INC 2.4%

Value $682K Shares 7,500 Est. Cost $86.64 Unrealized —

SJM THE J. M. SMUCKER COMPANY 1.6%

Value $443K Shares 4,600 Est. Cost $102.85 Unrealized —

MSFT MICROSOFT 0.6%

Value $166K Shares 450 Est. Cost $493.25 Unrealized —

KLAC KLA-TENCOR CORPORATION 0.5%

Value $147K Shares 100 Est. Cost $1171.91 Unrealized —

PH PARKER HANNIFIN CORP 0.5%

Value $134K Shares 150 Est. Cost $817.77 Unrealized —

SCI SERVICE CORP INTERNATIONAL 0.3%

Value $82,453 Shares 1,000 Est. Cost $80.98 Unrealized —

EL THE ESTE LAUDER COMPANIES INC. 0.2%

Value $50,204 Shares 700 Est. Cost $101.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EMR	EMERSON ELECTRIC CO	27,300	$3.574M	12.8%	$132.37	—	—	291011104
BSX	BOSTON SCIENTIFIC CORP	50,000	$3.135M	11.2%	$98.04	—	—	101137107
ECL	ECOLAB INC	11,650	$3.097M	11.1%	$265.71	—	—	278865100
RSG	REPUBLIC SERVICES	12,300	$2.692M	9.6%	$214.59	—	—	760759100
TMO	THERMO FISHER SCIE	4,500	$2.21M	7.9%	$565.16	—	—	883556102
DHR	DANAHER	11,600	$2.198M	7.9%	$219.54	—	—	235851102
CLH	CLEAN HARBORS INC	7,450	$2.135M	7.6%	$228.49	—	—	184496107
SNPS	SYNOPSYS INC	5,350	$2.12M	7.6%	$444.23	—	—	871607107
FSLR	FIRST SOLAR	8,600	$1.695M	6.1%	$252.20	—	—	336433107
ULS	UL SOLUTIONS INC - CLASS A	16,000	$1.37M	4.9%	$80.28	—	—	903731107
MWA	MUELLER WATER PRODUCTS SER A	33,000	$907K	3.2%	$24.69	—	—	624758108
EBAY	EBAY INC	7,500	$682K	2.4%	$86.64	—	—	278642103
SJM	THE J. M. SMUCKER COMPANY	4,600	$443K	1.6%	$102.85	—	—	832696405
MSFT	MICROSOFT	450	$166K	0.6%	$493.25	—	—	594918104
KLAC	KLA-TENCOR CORPORATION	100	$147K	0.5%	$1171.91	—	—	482480100
PH	PARKER HANNIFIN CORP	150	$134K	0.5%	$817.77	—	—	701094104
SCI	SERVICE CORP INTERNATIONAL	1,000	$82,453	0.3%	$80.98	—	—	817565104
EL	THE ESTE LAUDER COMPANIES INC.	700	$50,204	0.2%	$101.12	—	—	518439104

Decreased Positions (5)

EME EMCOR GROUP INC 9.3%

Value $2.613M (-12.5%) Shares 3,150 (-22.2%) Est. Cost $451.43 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGY 6.8%

Value $1.894M (-12.7%) Shares 29,600 (-3.0%) Est. Cost $79.44 Unrealized —

PLD PROLOGIS INC 1.9%

Value $528K (-7.0%) Shares 3,900 (-9.3%) Est. Cost $106.51 Unrealized —

JPM J.P.MORGAN CHASE & CO 3.9%

Value $1.096M (+0.8%) Shares 3,350 (-9.5%) Est. Cost $189.18 Unrealized —

IEX IDEX CORP 0.2%

Value $68,061 (-10.2%) Shares 300 (-25.0%) Est. Cost $203.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EME	EMCOR GROUP INC	3,150 (-22.2%)	$2.613M (-12.5%)	9.3%	$451.43	—	COM	29084Q100
GEHC	GE HEALTHCARE TECHNOLOGY	29,600 (-3.0%)	$1.894M (-12.7%)	6.8%	$79.44	—	COMMON STOCK	36266G107
PLD	PROLOGIS INC	3,900 (-9.3%)	$528K (-7.0%)	1.9%	$106.51	—	COM	74340W103
JPM	J.P.MORGAN CHASE & CO	3,350 (-9.5%)	$1.096M (+0.8%)	3.9%	$189.18	—	COM	46625H100
IEX	IDEX CORP	300 (-25.0%)	$68,061 (-10.2%)	0.2%	$203.50	—	COM	45167R104

Unchanged Positions (7)

ZTS ZOETIS INC 5.1%

Value $1.415M Shares 19,700 Est. Cost $167.34 Unrealized —

STN STANTEC INC 7.5%

Value $2.095M Shares 30,500 Est. Cost $74.41 Unrealized —

WM WASTE MANAGEMENT 11.9%

Value $3.32M Shares 14,900 Est. Cost $203.83 Unrealized —

ADBE ADOBE SYSTEMS 1.5%

Value $430K Shares 2,100 Est. Cost $423.78 Unrealized —

NVDA NVIDIA 0.6%

Value $170K Shares 850 Est. Cost $108.38 Unrealized —

PYPL PAYPAL HOLDINGS INC 1.2%

Value $324K Shares 7,500 Est. Cost $64.38 Unrealized —

A AGILENT TECHNOLOGIES INC 0.3%

Value $92,948 Shares 700 Est. Cost $134.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	19,700	$1.415M	5.1%	$167.34	—	CL A	98978V103
STN	STANTEC INC	30,500	$2.095M	7.5%	$74.41	—	COM	85472N109
WM	WASTE MANAGEMENT	14,900	$3.32M	11.9%	$203.83	—	COM	94106L109
ADBE	ADOBE SYSTEMS	2,100	$430K	1.5%	$423.78	—	COM	00724F101
NVDA	NVIDIA	850	$170K	0.6%	$108.38	—	COM	67066G104
PYPL	PAYPAL HOLDINGS INC	7,500	$324K	1.2%	$64.38	—	COM	70450Y103
A	AGILENT TECHNOLOGIES INC	700	$92,948	0.3%	$134.52	—	COM	00846U101