Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	2,442	$584K	0.2%	$239.01	—	COM NEW	16411R208
MRVL	MARVELL TECHNOLOGY INC	1,223	$364K	0.2%	$297.82	—	COM	573874104
ARM	ARM HOLDINGS PLC	796	$282K	0.1%	$354.57	—	SPONSORED ADS	042068205
QCOM	QUALCOMM INC	1,468	$271K	0.1%	$184.79	—	COM	747525103
IONS	IONIS PHARMACEUTICALS INC	3,400	$270K	0.1%	$79.29	—	COM	462222100
SQFTW	PRESIDIO PPTY TR INC	12,603	$183	0.0%	$0.01	—	*W EXP 01/24/202	74102L113

Increased Positions (37)

UNH UNITEDHEALTH GROUP INC 4.1%

Value $9.744M (+67.0%) Shares 23,443 (+8.7%) Est. Cost $381.90 Unrealized —

CSCO CISCO SYS INC 3.4%

Value $8.23M (+52.9%) Shares 70,063 (+1.0%) Est. Cost $57.71 Unrealized —

NVDA NVIDIA CORPORATION 6.5%

Value $15.47M (+17.8%) Shares 77,317 (+2.7%) Est. Cost $138.97 Unrealized —

ASML ASML HLDG NV 2.1%

Value $4.938M (+64.6%) Shares 2,482 (+9.3%) Est. Cost $959.83 Unrealized —

AMZN AMAZON COM INC 4.5%

Value $10.74M (+21.7%) Shares 45,054 (+6.4%) Est. Cost $208.75 Unrealized —

MSFT MICROSOFT CORP 4.3%

Value $10.29M (+22.8%) Shares 27,595 (+21.9%) Est. Cost $416.69 Unrealized —

AAPL APPLE INC 5.0%

Value $11.95M (+15.7%) Shares 41,290 (+1.5%) Est. Cost $234.80 Unrealized —

V VISA INC 2.3%

Value $5.496M (+36.9%) Shares 16,018 (+20.6%) Est. Cost $315.79 Unrealized —

META META PLATFORMS INC 2.3%

Value $5.401M (+36.0%) Shares 9,589 (+38.1%) Est. Cost $597.02 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.9%

Value $2.052M (+204.6%) Shares 3,532 (+6.7%) Est. Cost $173.52 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 4.4%

Value $10.53M (+13.7%) Shares 21,035 (+8.9%) Est. Cost $494.03 Unrealized —

MMM 3M CO 2.5%

Value $5.942M (+24.5%) Shares 36,697 (+11.7%) Est. Cost $134.26 Unrealized —

HD HOME DEPOT INC 2.2%

Value $5.31M (+27.9%) Shares 15,055 (+19.3%) Est. Cost $385.26 Unrealized —

GE GE AEROSPACE 1.2%

Value $2.949M (+47.4%) Shares 7,890 (+11.9%) Est. Cost $203.45 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.1%

Value $2.552M (+51.2%) Shares 5,344 (+7.0%) Est. Cost $220.60 Unrealized —

JNJ JOHNSON & JOHNSON 3.0%

Value $7.129M (+13.4%) Shares 28,068 (+9.1%) Est. Cost $163.51 Unrealized —

BAC BANK OF AMER CORP 2.2%

Value $5.2M (+19.3%) Shares 91,267 (+2.1%) Est. Cost $43.33 Unrealized —

JPM JPMORGAN CHASE & CO 1.9%

Value $4.43M (+21.6%) Shares 13,533 (+9.2%) Est. Cost $244.40 Unrealized —

BA BOEING CO 2.3%

Value $5.51M (+15.4%) Shares 25,452 (+6.1%) Est. Cost $172.30 Unrealized —

ABBV ABBVIE INC 1.2%

Value $2.777M (+35.7%) Shares 11,038 (+17.3%) Est. Cost $193.52 Unrealized —

SNOW SNOWFLAKE INC 0.7%

Value $1.619M (+76.9%) Shares 6,361 (+4.8%) Est. Cost $169.27 Unrealized —

GEV GE VERNOVA INC 0.6%

Value $1.51M (+66.3%) Shares 1,285 (+23.6%) Est. Cost $528.35 Unrealized —

MRK MERCK & CO INC 1.5%

Value $3.464M (+16.5%) Shares 26,958 (+9.1%) Est. Cost $99.40 Unrealized —

DUK DUKE ENERGY CORP NEW 1.0%

Value $2.499M (+23.0%) Shares 19,746 (+27.2%) Est. Cost $114.39 Unrealized —

CB CHUBB LIMITED 1.9%

Value $4.512M (+11.0%) Shares 13,241 (+6.2%) Est. Cost $285.19 Unrealized —

TGT TARGET CORP 1.0%

Value $2.364M (+17.1%) Shares 18,099 (+8.7%) Est. Cost $122.69 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 0.6%

Value $1.452M (+24.1%) Shares 4,997 (+47.4%) Est. Cost $271.02 Unrealized —

DIS DISNEY WALT CO 1.2%

Value $2.92M (+9.1%) Shares 30,342 (+9.2%) Est. Cost $103.96 Unrealized —

WMT WALMART INC 2.2%

Value $5.303M (-4.0%) Shares 46,820 (+5.3%) Est. Cost $87.95 Unrealized —

SHEL SHELL PLC 0.7%

Value $1.72M (-10.5%) Shares 22,186 (+7.3%) Est. Cost $65.48 Unrealized —

LMT LOCKHEED MARTIN CORP 3.0%

Value $7.071M (-2.7%) Shares 13,880 (+15.4%) Est. Cost $503.99 Unrealized —

SCHW SCHWAB CHARLES CORP 1.9%

Value $4.435M (+4.3%) Shares 48,070 (+6.2%) Est. Cost $76.30 Unrealized —

ANET ARISTA NETWORKS INC 0.2%

Value $579K (+44.2%) Shares 3,406 (+4.2%) Est. Cost $106.21 Unrealized —

AMGN AMGEN INC 0.2%

Value $479K (+51.0%) Shares 1,322 (+46.7%) Est. Cost $353.63 Unrealized —

NEE NEXTERA ENERGY INC 1.1%

Value $2.514M (+6.7%) Shares 28,643 (+12.9%) Est. Cost $75.11 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.3%

Value $806K (-10.7%) Shares 6,910 (+11.9%) Est. Cost $78.93 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value $266K (+23.2%) Shares 7,850 (+9.5%) Est. Cost $30.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UNITEDHEALTH GROUP INC	23,443 (+8.7%)	$9.744M (+67.0%)	4.1%	$381.90	—	COM	91324P102
CSCO	CISCO SYS INC	70,063 (+1.0%)	$8.23M (+52.9%)	3.4%	$57.71	—	COM	17275R102
NVDA	NVIDIA CORPORATION	77,317 (+2.7%)	$15.47M (+17.8%)	6.5%	$138.97	—	COM	67066G104
ASML	ASML HLDG NV	2,482 (+9.3%)	$4.938M (+64.6%)	2.1%	$959.83	—	N Y REGISTRY SHS	N07059210
AMZN	AMAZON COM INC	45,054 (+6.4%)	$10.74M (+21.7%)	4.5%	$208.75	—	COM	023135106
MSFT	MICROSOFT CORP	27,595 (+21.9%)	$10.29M (+22.8%)	4.3%	$416.69	—	COM	594918104
AAPL	APPLE INC	41,290 (+1.5%)	$11.95M (+15.7%)	5.0%	$234.80	—	COM	037833100
V	VISA INC	16,018 (+20.6%)	$5.496M (+36.9%)	2.3%	$315.79	—	COM CL A	92826C839
META	META PLATFORMS INC	9,589 (+38.1%)	$5.401M (+36.0%)	2.3%	$597.02	—	CL A	30303M102
AMD	ADVANCED MICRO DEVICES INC	3,532 (+6.7%)	$2.052M (+204.6%)	0.9%	$173.52	—	COM	007903107
BRK/B	BERKSHIRE HATHAWAY INC DEL	21,035 (+8.9%)	$10.53M (+13.7%)	4.4%	$494.03	—	CL B NEW	084670702
MMM	3M CO	36,697 (+11.7%)	$5.942M (+24.5%)	2.5%	$134.26	—	COM	88579Y101
HD	HOME DEPOT INC	15,055 (+19.3%)	$5.31M (+27.9%)	2.2%	$385.26	—	COM	437076102
GE	GE AEROSPACE	7,890 (+11.9%)	$2.949M (+47.4%)	1.2%	$203.45	—	COM NEW	369604301
TSM	TAIWAN SEMICONDUCTOR MANUFAC	5,344 (+7.0%)	$2.552M (+51.2%)	1.1%	$220.60	—	SPONSORED ADS	874039100
JNJ	JOHNSON & JOHNSON	28,068 (+9.1%)	$7.129M (+13.4%)	3.0%	$163.51	—	COM	478160104
BAC	BANK OF AMER CORP	91,267 (+2.1%)	$5.2M (+19.3%)	2.2%	$43.33	—	COM	060505104
JPM	JPMORGAN CHASE & CO	13,533 (+9.2%)	$4.43M (+21.6%)	1.9%	$244.40	—	COM	46625H100
BA	BOEING CO	25,452 (+6.1%)	$5.51M (+15.4%)	2.3%	$172.30	—	COM	097023105
ABBV	ABBVIE INC	11,038 (+17.3%)	$2.777M (+35.7%)	1.2%	$193.52	—	COM	00287Y109
SNOW	SNOWFLAKE INC	6,361 (+4.8%)	$1.619M (+76.9%)	0.7%	$169.27	—	COM SHS	833445109
GEV	GE VERNOVA INC	1,285 (+23.6%)	$1.51M (+66.3%)	0.6%	$528.35	—	COM	36828A101
MRK	MERCK & CO INC	26,958 (+9.1%)	$3.464M (+16.5%)	1.5%	$99.40	—	COM	58933Y105
DUK	DUKE ENERGY CORP NEW	19,746 (+27.2%)	$2.499M (+23.0%)	1.0%	$114.39	—	COM NEW	26441C204
CB	CHUBB LIMITED	13,241 (+6.2%)	$4.512M (+11.0%)	1.9%	$285.19	—	COM	H1467J104
TGT	TARGET CORP	18,099 (+8.7%)	$2.364M (+17.1%)	1.0%	$122.69	—	COM	87612E106
LHX	L3HARRIS TECHNOLOGIES INC	4,997 (+47.4%)	$1.452M (+24.1%)	0.6%	$271.02	—	COM	502431109
DIS	DISNEY WALT CO	30,342 (+9.2%)	$2.92M (+9.1%)	1.2%	$103.96	—	COM	254687106
WMT	WALMART INC	46,820 (+5.3%)	$5.303M (-4.0%)	2.2%	$87.95	—	COM	931142103
SHEL	SHELL PLC	22,186 (+7.3%)	$1.72M (-10.5%)	0.7%	$65.48	—	SPON ADS	780259305
LMT	LOCKHEED MARTIN CORP	13,880 (+15.4%)	$7.071M (-2.7%)	3.0%	$503.99	—	COM	539830109
SCHW	SCHWAB CHARLES CORP	48,070 (+6.2%)	$4.435M (+4.3%)	1.9%	$76.30	—	COM	808513105
ANET	ARISTA NETWORKS INC	3,406 (+4.2%)	$579K (+44.2%)	0.2%	$106.21	—	COM SHS	040413205
AMGN	AMGEN INC	1,322 (+46.7%)	$479K (+51.0%)	0.2%	$353.63	—	COM	031162100
NEE	NEXTERA ENERGY INC	28,643 (+12.9%)	$2.514M (+6.7%)	1.1%	$75.11	—	COM	65339F101
PLTR	PALANTIR TECHNOLOGIES INC	6,910 (+11.9%)	$806K (-10.7%)	0.3%	$78.93	—	CL A	69608A108
TEVA	TEVA PHARMACEUTICAL INDS LTD	7,850 (+9.5%)	$266K (+23.2%)	0.1%	$30.45	—	SPONSORED ADS	881624209

Exited Positions (38)

VEA VANGUARD TAX-MANAGED FDS 4.6%

Value $10.92M Shares 170,393 Est. Cost $62.70 Unrealized —

VOO VANGUARD INDEX FDS 4.4%

Value $10.42M Shares 17,432 Est. Cost $625.06 Unrealized —

SCHA SCHWAB STRATEGIC TR 3.0%

Value $7.204M Shares 247,727 Est. Cost $28.51 Unrealized —

SCHM SCHWAB STRATEGIC TR 2.8%

Value $6.617M Shares 213,732 Est. Cost $30.12 Unrealized —

QQQ INVESCO QQQ TR 2.1%

Value $5.094M Shares 8,825 Est. Cost $614.32 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 2.1%

Value $5.06M Shares 93,617 Est. Cost $53.83 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 2.1%

Value $5.01M Shares 7,704 Est. Cost $681.94 Unrealized —

VTV VANGUARD INDEX FDS 2.1%

Value $4.946M Shares 25,207 Est. Cost $191.08 Unrealized —

SCHZ SCHWAB STRATEGIC TR 1.4%

Value $3.415M Shares 147,061 Est. Cost $23.36 Unrealized —

PFF ISHARES TR 1.2%

Value $2.83M Shares 93,346 Est. Cost $30.96 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.8%

Value $2.005M Shares 10,449 Est. Cost $191.57 Unrealized —

SCHJ SCHWAB STRATEGIC TR 0.8%

Value $1.937M Shares 78,322 Est. Cost $24.89 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.7%

Value $1.76M Shares 68,628 Est. Cost $26.91 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.7%

Value $1.585M Shares 51,662 Est. Cost $27.43 Unrealized —

IEFA ISHARES TR 0.6%

Value $1.367M Shares 15,098 Est. Cost $89.52 Unrealized —

SCHF SCHWAB STRATEGIC TR 0.6%

Value $1.323M Shares 53,447 Est. Cost $24.04 Unrealized —

CVX CHEVRON CORPORATION 0.5%

Value $1.18M Shares 5,705 Est. Cost $151.39 Unrealized —

IJR ISHARES TR 0.4%

Value $1.058M Shares 8,511 Est. Cost $120.63 Unrealized —

VBR VANGUARD INDEX FDS 0.4%

Value $896K Shares 4,126 Est. Cost $212.55 Unrealized —

VXF VANGUARD INDEX FDS 0.4%

Value $879K Shares 4,272 Est. Cost $209.12 Unrealized —

IEMG ISHARES INC 0.3%

Value $806K Shares 11,556 Est. Cost $67.22 Unrealized —

VBIL VANGUARD INSTL INDEX FD 0.3%

Value $708K Shares 9,354 Est. Cost $75.58 Unrealized —

SCHE SCHWAB STRATEGIC TR 0.2%

Value $553K Shares 16,790 Est. Cost $32.76 Unrealized —

VGIT VANGUARD SCOTTSDALE FDS 0.2%

Value $546K Shares 9,171 Est. Cost $59.70 Unrealized —

VUSB VANGUARD BD INDEX FDS 0.2%

Value $517K Shares 10,387 Est. Cost $49.79 Unrealized —

DIA STATE STR SPDR DOW JONES IND 0.2%

Value $378K Shares 816 Est. Cost $480.57 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.2%

Value $376K Shares 1,748 Est. Cost $219.78 Unrealized —

SCHG SCHWAB STRATEGIC TR 0.1%

Value $323K Shares 11,084 Est. Cost $32.55 Unrealized —

FLTR VANECK ETF TRUST 0.1%

Value $315K Shares 12,352 Est. Cost $25.48 Unrealized —

SMH VANECK ETF TRUST 0.1%

Value $294K Shares 768 Est. Cost $383.40 Unrealized —

CAVA CAVA GROUP INC 0.1%

Value $278K Shares 3,440 Est. Cost $107.13 Unrealized —

DVY ISHARES TR 0.1%

Value $276K Shares 1,820 Est. Cost $141.14 Unrealized —

VUG VANGUARD INDEX FDS 0.1%

Value $273K Shares 626 Est. Cost $482.15 Unrealized —

NDAQ NASDAQ INC 0.1%

Value $246K Shares 2,900 Est. Cost $89.74 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value $222K Shares 3,120 Est. Cost $84.84 Unrealized —

IWN ISHARES TR 0.1%

Value $207K Shares 1,094 Est. Cost $189.59 Unrealized —

IVV ISHARES TR 0.1%

Value $206K Shares 316 Est. Cost $684.94 Unrealized —

SQFTW PRESIDIO PPTY TR INC 0.0%

Value $251 Shares 12,603 Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VEA	VANGUARD TAX-MANAGED FDS	170,393	$10.92M	4.6%	$62.70	—	—	921943858
VOO	VANGUARD INDEX FDS	17,432	$10.42M	4.4%	$625.06	—	—	922908363
SCHA	SCHWAB STRATEGIC TR	247,727	$7.204M	3.0%	$28.51	—	—	808524607
SCHM	SCHWAB STRATEGIC TR	213,732	$6.617M	2.8%	$30.12	—	—	808524508
QQQ	INVESCO QQQ TR	8,825	$5.094M	2.1%	$614.32	—	—	46090E103
VWO	VANGUARD INTL EQUITY INDEX F	93,617	$5.06M	2.1%	$53.83	—	—	922042858
SPY	STATE STR SPDR S&P 500 ETF T	7,704	$5.01M	2.1%	$681.94	—	—	78462F103
VTV	VANGUARD INDEX FDS	25,207	$4.946M	2.1%	$191.08	—	—	922908744
SCHZ	SCHWAB STRATEGIC TR	147,061	$3.415M	1.4%	$23.36	—	—	808524839
PFF	ISHARES TR	93,346	$2.83M	1.2%	$30.96	—	—	464288687
RSP	INVESCO EXCHANGE TRADED FD T	10,449	$2.005M	0.8%	$191.57	—	—	46137V357
SCHJ	SCHWAB STRATEGIC TR	78,322	$1.937M	0.8%	$24.89	—	—	808524714
SCHX	SCHWAB STRATEGIC TR	68,628	$1.76M	0.7%	$26.91	—	—	808524201
SCHD	SCHWAB STRATEGIC TR	51,662	$1.585M	0.7%	$27.43	—	—	808524797
IEFA	ISHARES TR	15,098	$1.367M	0.6%	$89.52	—	—	46432F842
SCHF	SCHWAB STRATEGIC TR	53,447	$1.323M	0.6%	$24.04	—	—	808524805
CVX	CHEVRON CORPORATION	5,705	$1.18M	0.5%	$151.39	—	—	166764100
IJR	ISHARES TR	8,511	$1.058M	0.4%	$120.63	—	—	464287804
VBR	VANGUARD INDEX FDS	4,126	$896K	0.4%	$212.55	—	—	922908611
VXF	VANGUARD INDEX FDS	4,272	$879K	0.4%	$209.12	—	—	922908652
IEMG	ISHARES INC	11,556	$806K	0.3%	$67.22	—	—	46434G103
VBIL	VANGUARD INSTL INDEX FD	9,354	$708K	0.3%	$75.58	—	—	922040845
SCHE	SCHWAB STRATEGIC TR	16,790	$553K	0.2%	$32.76	—	—	808524706
VGIT	VANGUARD SCOTTSDALE FDS	9,171	$546K	0.2%	$59.70	—	—	92206C706
VUSB	VANGUARD BD INDEX FDS	10,387	$517K	0.2%	$49.79	—	—	92203C303
DIA	STATE STR SPDR DOW JONES IND	816	$378K	0.2%	$480.57	—	—	78467X109
VIG	VANGUARD SPECIALIZED FUNDS	1,748	$376K	0.2%	$219.78	—	—	921908844
SCHG	SCHWAB STRATEGIC TR	11,084	$323K	0.1%	$32.55	—	—	808524300
FLTR	VANECK ETF TRUST	12,352	$315K	0.1%	$25.48	—	—	92189F486
SMH	VANECK ETF TRUST	768	$294K	0.1%	$383.40	—	—	92189F676
CAVA	CAVA GROUP INC	3,440	$278K	0.1%	$107.13	—	—	148929102
DVY	ISHARES TR	1,820	$276K	0.1%	$141.14	—	—	464287168
VUG	VANGUARD INDEX FDS	626	$273K	0.1%	$482.15	—	—	922908736
NDAQ	NASDAQ INC	2,900	$246K	0.1%	$89.74	—	—	631103108
GEHC	GE HEALTHCARE TECHNOLOGIES I	3,120	$222K	0.1%	$84.84	—	—	36266G107
IWN	ISHARES TR	1,094	$207K	0.1%	$189.59	—	—	464287630
IVV	ISHARES TR	316	$206K	0.1%	$684.94	—	—	464287200
SQFTW	PRESIDIO PPTY TR INC	12,603	$251	0.0%	$0.01	—	CALL	74102L113

Decreased Positions (18)

INTC INTEL CORP 3.2%

Value $7.593M (+117.7%) Shares 54,381 (-31.2%) Est. Cost $22.45 Unrealized —

TXN TEXAS INSTRS INC 1.9%

Value $4.622M (+48.5%) Shares 15,507 (-3.3%) Est. Cost $191.44 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value $672K (-67.0%) Shares 4,914 (-59.1%) Est. Cost $109.99 Unrealized —

GOOG ALPHABET INC 0.8%

Value $1.924M (+19.3%) Shares 5,447 (-3.2%) Est. Cost $182.03 Unrealized —

LLY ELI LILLY & CO 0.6%

Value $1.503M (+23.6%) Shares 1,253 (-5.2%) Est. Cost $802.54 Unrealized —

PANW PALO ALTO NETWORKS INC 0.2%

Value $530K (+106.7%) Shares 1,554 (-2.8%) Est. Cost $188.75 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.9%

Value $2.122M (+13.5%) Shares 2,098 (-5.0%) Est. Cost $545.22 Unrealized —

AMAT APPLIED MATLS INC 0.2%

Value $494K (+91.1%) Shares 683 (-9.7%) Est. Cost $326.57 Unrealized —

MCK MCKESSON CORP 0.3%

Value $786K (-14.7%) Shares 1,040 (-2.3%) Est. Cost $557.26 Unrealized —

MCD MCDONALDS CORP 0.1%

Value $227K (-35.5%) Shares 839 (-25.8%) Est. Cost $297.76 Unrealized —

TSLA TESLA INC 0.4%

Value $851K (+11.5%) Shares 2,023 (-1.5%) Est. Cost $325.87 Unrealized —

AXP AMERICAN EXPRESS CO 0.6%

Value $1.403M (+6.4%) Shares 4,147 (-4.9%) Est. Cost $356.97 Unrealized —

ED CONSOLIDATED EDISON INC 0.1%

Value $234K (-23.0%) Shares 2,117 (-21.2%) Est. Cost $94.87 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.4%

Value $856K (-7.1%) Shares 915 (-1.1%) Est. Cost $926.69 Unrealized —

RTX RTX CORPORATION 0.5%

Value $1.173M (-3.4%) Shares 6,185 (-1.7%) Est. Cost $121.13 Unrealized —

UNP UNION PAC CORP 0.1%

Value $274K (-4.2%) Shares 1,006 (-14.5%) Est. Cost $230.13 Unrealized —

MKL MARKEL GROUP INC 0.3%

Value $598K (+0.7%) Shares 306 (-1.3%) Est. Cost $1659.34 Unrealized —

DGX QUEST DIAGNOSTICS INC 0.1%

Value $256K (-0.1%) Shares 1,210 (-7.6%) Est. Cost $152.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	54,381 (-31.2%)	$7.593M (+117.7%)	3.2%	$22.45	—	COM	458140100
TXN	TEXAS INSTRS INC	15,507 (-3.3%)	$4.622M (+48.5%)	1.9%	$191.44	—	COM	882508104
XOM	EXXON MOBIL CORP	4,914 (-59.1%)	$672K (-67.0%)	0.3%	$109.99	—	COM	30231G102
GOOG	ALPHABET INC	5,447 (-3.2%)	$1.924M (+19.3%)	0.8%	$182.03	—	CAP STK CL C	02079K107
LLY	ELI LILLY & CO	1,253 (-5.2%)	$1.503M (+23.6%)	0.6%	$802.54	—	COM	532457108
PANW	PALO ALTO NETWORKS INC	1,554 (-2.8%)	$530K (+106.7%)	0.2%	$188.75	—	COM	697435105
GS	GOLDMAN SACHS GROUP INC	2,098 (-5.0%)	$2.122M (+13.5%)	0.9%	$545.22	—	COM	38141G104
AMAT	APPLIED MATLS INC	683 (-9.7%)	$494K (+91.1%)	0.2%	$326.57	—	COM	038222105
MCK	MCKESSON CORP	1,040 (-2.3%)	$786K (-14.7%)	0.3%	$557.26	—	COM	58155Q103
MCD	MCDONALDS CORP	839 (-25.8%)	$227K (-35.5%)	0.1%	$297.76	—	COM	580135101
TSLA	TESLA INC	2,023 (-1.5%)	$851K (+11.5%)	0.4%	$325.87	—	COM	88160R101
AXP	AMERICAN EXPRESS CO	4,147 (-4.9%)	$1.403M (+6.4%)	0.6%	$356.97	—	COM	025816109
ED	CONSOLIDATED EDISON INC	2,117 (-21.2%)	$234K (-23.0%)	0.1%	$94.87	—	COM	209115104
COST	COSTCO WHOLESALE CORPORATION	915 (-1.1%)	$856K (-7.1%)	0.4%	$926.69	—	COM	22160K105
RTX	RTX CORPORATION	6,185 (-1.7%)	$1.173M (-3.4%)	0.5%	$121.13	—	COM	75513E101
UNP	UNION PAC CORP	1,006 (-14.5%)	$274K (-4.2%)	0.1%	$230.13	—	COM	907818108
MKL	MARKEL GROUP INC	306 (-1.3%)	$598K (+0.7%)	0.3%	$1659.34	—	COM	570535104
DGX	QUEST DIAGNOSTICS INC	1,210 (-7.6%)	$256K (-0.1%)	0.1%	$152.61	—	COM	74834L100

Unchanged Positions (14)

GOOGL ALPHABET INC 6.6%

Value $15.74M Shares 44,038 Est. Cost $174.10 Unrealized —

CAT CATERPILLAR INC 2.4%

Value $5.734M Shares 5,385 Est. Cost $379.39 Unrealized —

REGN REGENERON PHARMACEUTICALS 1.2%

Value $2.972M Shares 4,766 Est. Cost $834.60 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.5%

Value $1.257M Shares 2,469 Est. Cost $491.02 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value $437K Shares 573 Est. Cost $431.12 Unrealized —

AVGO BROADCOM INC 0.5%

Value $1.118M Shares 2,960 Est. Cost $222.61 Unrealized —

CMI CUMMINS INC 0.1%

Value $285K Shares 400 Est. Cost $466.32 Unrealized —

CAH CARDINAL HEALTH INC 0.3%

Value $609K Shares 2,565 Est. Cost $115.22 Unrealized —

DE DEERE & CO 0.2%

Value $447K Shares 704 Est. Cost $413.99 Unrealized —

MAR MARRIOTT INTL INC NEW 0.1%

Value $260K Shares 702 Est. Cost $285.32 Unrealized —

ABT ABBOTT LABORATORIES 0.1%

Value $221K Shares 2,436 Est. Cost $125.48 Unrealized —

MA MASTERCARD INCORPORATED 0.3%

Value $808K Shares 1,573 Est. Cost $515.32 Unrealized —

SYK STRYKER CORPORATION 0.2%

Value $401K Shares 1,275 Est. Cost $371.54 Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $218K Shares 1,489 Est. Cost $165.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	44,038	$15.74M	6.6%	$174.10	—	CAP STK CL A	02079K305
CAT	CATERPILLAR INC	5,385	$5.734M	2.4%	$379.39	—	COM	149123101
REGN	REGENERON PHARMACEUTICALS	4,766	$2.972M	1.2%	$834.60	—	COM	75886F107
NOC	NORTHROP GRUMMAN CORP	2,469	$1.257M	0.5%	$491.02	—	COM	666807102
CRWD	CROWDSTRIKE HLDGS INC	573	$437K	0.2%	$431.12	—	CL A	22788C105
AVGO	BROADCOM INC	2,960	$1.118M	0.5%	$222.61	—	COM	11135F101
CMI	CUMMINS INC	400	$285K	0.1%	$466.32	—	COM	231021106
CAH	CARDINAL HEALTH INC	2,565	$609K	0.3%	$115.22	—	COM	14149Y108
DE	DEERE & CO	704	$447K	0.2%	$413.99	—	COM	244199105
MAR	MARRIOTT INTL INC NEW	702	$260K	0.1%	$285.32	—	CL A	571903202
ABT	ABBOTT LABORATORIES	2,436	$221K	0.1%	$125.48	—	COM	002824100
MA	MASTERCARD INCORPORATED	1,573	$808K	0.3%	$515.32	—	CL A	57636Q104
SYK	STRYKER CORPORATION	1,275	$401K	0.2%	$371.54	—	COM	863667101
PG	PROCTER & GAMBLE CO	1,489	$218K	0.1%	$165.15	—	COM	742718109