Tandem Investment Partners LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COWG	PACER FDS TR	98,023 (+50.3%)	$3,451 (+45.8%)	2.9%	$35.94	—	US LRG CP CASH	69374H360
VCRB	VANGUARD MALVERN FDS	94,832 (+13.1%)	$7,387 (+12.3%)	6.2%	$76.35	—	CORE BD ETF	922020748
VGIT	VANGUARD SCOTTSDALE FDS	49,435 (+9.0%)	$2,963 (+8.8%)	2.5%	$58.44	—	INTER TERM TREAS	92206C706
VCIT	VANGUARD SCOTTSDALE FDS	37,192 (+6.5%)	$3,115 (+6.0%)	2.6%	$80.91	—	INT-TERM CORP	92206C870
SCHB	SCHWAB STRATEGIC TR	45,467 (+14.9%)	$1,193 (+17.2%)	1.0%	$23.16	—	US BRD MKT ETF	808524102
XTRE	BONDBLOXX ETF TRUST	8,529 (+29.0%)	$424 (+28.8%)	0.4%	$49.24	—	BLOOMBERG THREE	09789C846
SPAB	SPDR SERIES TRUST	24,881 (+16.9%)	$641 (+16.5%)	0.5%	$25.15	—	STATE STREET SPD	78464A649
XTWO	BONDBLOXX ETF TRUST	6,300 (+28.4%)	$312 (+28.2%)	0.3%	$49.54	—	BLOOMBERG TWO YR	09789C853
SPSM	SPDR SERIES TRUST	47,528 (+2.0%)	$2,227 (+3.2%)	1.9%	$44.85	—	STATE STREET SPD	78468R853
DLS	WISDOMTREE TR	27,725 (+1.1%)	$2,246 (+3.0%)	1.9%	$63.45	—	INTL SMCAP DIV	97717W760
PFXF	VANECK ETF TRUST	21,990 (+12.7%)	$388 (+12.0%)	0.3%	$17.29	—	PREFERRED SECURT	92189F429
IGSB	ISHARES TR	5,124 (+15.8%)	$271 (+15.5%)	0.2%	$51.94	—	ISHS 1-5YR INVS	464288646
BIBL	NORTHERN LTS FD TR IV	5,710 (+5.3%)	$258 (+6.9%)	0.2%	$41.70	—	INSPIRE 100 ETF	66538H534
PTL	NORTHERN LTS FD TR IV	1,225 (+3.8%)	$304 (+3.4%)	0.3%	$229.99	—	INSPIRE 500 ETF	66537J796

Exited Positions (1)

PFE PFIZER INC 0.2%

Value ($000) $289 Shares 11,360 Est. Cost $24.79 Unrealized +1.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFE	PFIZER INC	11,360	$289	0.2%	$24.79	+1.0%	—	717081103

Decreased Positions (48)

VIG VANGUARD SPECIALIZED FUNDS 1.9%

Value ($000) $2,292 (-36.1%) Shares 10,430 (-37.2%) Est. Cost $195.83 Unrealized —

ORCL ORACLE CORP 0.9%

Value ($000) $1,120 (-40.3%) Shares 5,745 (-13.9%) Est. Cost $174.68 Unrealized +36.3%

MSFT MICROSOFT CORP 2.5%

Value ($000) $2,968 (-15.1%) Shares 6,137 (-9.1%) Est. Cost $425.04 Unrealized +17.8%

VGT VANGUARD WORLD FD 4.3%

Value ($000) $5,124 (-8.9%) Shares 6,798 (-9.7%) Est. Cost $623.39 Unrealized —

JPM JPMORGAN CHASE & CO. 1.8%

Value ($000) $2,109 (-13.2%) Shares 6,545 (-15.1%) Est. Cost $230.42 Unrealized +34.3%

VTI VANGUARD INDEX FDS 3.8%

Value ($000) $4,465 (-6.3%) Shares 13,317 (-8.3%) Est. Cost $289.81 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.4%

Value ($000) $1,603 (-14.7%) Shares 3,190 (-14.7%) Est. Cost $466.00 Unrealized +6.8%

XLV SELECT SECTOR SPDR TR 2.8%

Value ($000) $3,292 (+8.7%) Shares 21,265 (-2.3%) Est. Cost $137.40 Unrealized —

HD HOME DEPOT INC 0.6%

Value ($000) $690 (-23.7%) Shares 2,005 (-10.1%) Est. Cost $393.10 Unrealized -7.3%

BLK BLACKROCK INC 0.5%

Value ($000) $623 (-25.5%) Shares 582 (-18.8%) Est. Cost $983.29 Unrealized +10.8%

COST COSTCO WHSL CORP NEW 0.6%

Value ($000) $734 (-19.9%) Shares 851 (-14.0%) Est. Cost $930.79 Unrealized -2.7%

WMT WALMART INC 0.8%

Value ($000) $960 (-15.2%) Shares 8,615 (-21.5%) Est. Cost $86.88 Unrealized +23.4%

SPTS SPDR SERIES TRUST 0.9%

Value ($000) $1,020 (-13.9%) Shares 34,843 (-13.8%) Est. Cost $29.23 Unrealized —

AAPL APPLE INC 2.3%

Value ($000) $2,707 (-4.8%) Shares 9,957 (-10.8%) Est. Cost $231.92 Unrealized +15.7%

QQQ INVESCO QQQ TR 2.7%

Value ($000) $3,228 (-4.0%) Shares 5,255 (-6.2%) Est. Cost $511.23 Unrealized —

HON HONEYWELL INTL INC 0.4%

Value ($000) $532 (-19.9%) Shares 2,729 (-13.6%) Est. Cost $203.07 Unrealized -4.0%

PG PROCTER AND GAMBLE CO 0.5%

Value ($000) $624 (-17.0%) Shares 4,356 (-11.0%) Est. Cost $165.20 Unrealized -10.9%

LOW LOWES COS INC 0.5%

Value ($000) $603 (-17.4%) Shares 2,500 (-13.9%) Est. Cost $255.62 Unrealized -6.2%

ITW ILLINOIS TOOL WKS INC 0.4%

Value ($000) $488 (-19.8%) Shares 1,980 (-15.1%) Est. Cost $254.40 Unrealized -2.7%

V VISA INC 0.9%

Value ($000) $1,042 (-10.1%) Shares 2,970 (-12.5%) Est. Cost $303.72 Unrealized +12.1%

SCHM SCHWAB STRATEGIC TR 0.2%

Value ($000) $247 (-31.4%) Shares 8,225 (-32.4%) Est. Cost $27.71 Unrealized —

QQQM INVESCO EXCH TRADED FD TR II 1.6%

Value ($000) $1,917 (-4.9%) Shares 7,581 (-7.1%) Est. Cost $198.36 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 2.3%

Value ($000) $2,773 (-3.4%) Shares 14,475 (-4.3%) Est. Cost $175.43 Unrealized —

D DOMINION ENERGY INC 0.3%

Value ($000) $355 (-20.1%) Shares 6,061 (-16.6%) Est. Cost $58.31 Unrealized +2.5%

TJX TJX COS INC NEW 0.6%

Value ($000) $746 (-10.6%) Shares 4,855 (-15.9%) Est. Cost $118.87 Unrealized +24.3%

VZ VERIZON COMMUNICATIONS INC 0.3%

Value ($000) $402 (-17.6%) Shares 9,870 (-11.1%) Est. Cost $39.65 Unrealized +2.1%

SNA SNAP ON INC 0.4%

Value ($000) $450 (-15.5%) Shares 1,305 (-15.0%) Est. Cost $325.16 Unrealized +4.7%

SPYM SPDR SERIES TRUST 5.8%

Value ($000) $6,888 (-1.2%) Shares 85,865 (-3.5%) Est. Cost $65.76 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.3%

Value ($000) $330 (-18.0%) Shares 12,027 (-18.4%) Est. Cost $27.31 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.5%

Value ($000) $558 (-11.5%) Shares 1,884 (-15.7%) Est. Cost $221.14 Unrealized +35.1%

XOM EXXON MOBIL CORP 0.6%

Value ($000) $728 (-8.7%) Shares 6,050 (-14.5%) Est. Cost $111.24 Unrealized +3.8%

GOOG ALPHABET INC 1.5%

Value ($000) $1,754 (+3.6%) Shares 5,590 (-19.6%) Est. Cost $174.27 Unrealized +64.3%

VXUS VANGUARD STAR FDS 5.0%

Value ($000) $5,918 (+1.0%) Shares 78,445 (-1.7%) Est. Cost $59.10 Unrealized —

CVX CHEVRON CORP NEW 0.2%

Value ($000) $259 (-16.2%) Shares 1,699 (-14.6%) Est. Cost $144.27 Unrealized +4.9%

KO COCA COLA CO 0.3%

Value ($000) $369 (-9.9%) Shares 5,284 (-14.6%) Est. Cost $64.17 Unrealized +8.1%

NEE NEXTERA ENERGY INC 0.5%

Value ($000) $648 (-5.9%) Shares 8,075 (-11.5%) Est. Cost $73.17 Unrealized +12.8%

JNJ JOHNSON & JOHNSON 0.9%

Value ($000) $1,117 (-3.4%) Shares 5,399 (-13.4%) Est. Cost $149.73 Unrealized +31.6%

MDY SPDR S&P MIDCAP 400 ETF TR 3.1%

Value ($000) $3,722 (-1.0%) Shares 6,170 (-2.2%) Est. Cost $569.58 Unrealized —

SPY SPDR S&P 500 ETF TR 6.8%

Value ($000) $8,105 (+0.4%) Shares 11,886 (-1.9%) Est. Cost $586.08 Unrealized —

GOOGL ALPHABET INC 0.3%

Value ($000) $297 (+11.7%) Shares 950 (-13.2%) Est. Cost $163.29 Unrealized +74.9%

RTX RTX CORPORATION 0.4%

Value ($000) $450 (-6.2%) Shares 2,452 (-14.4%) Est. Cost $120.21 Unrealized +44.2%

AMGN AMGEN INC 0.5%

Value ($000) $552 (-4.1%) Shares 1,688 (-17.3%) Est. Cost $284.83 Unrealized +10.9%

CB CHUBB LIMITED 0.2%

Value ($000) $290 (-7.3%) Shares 930 (-16.2%) Est. Cost $275.21 Unrealized +6.2%

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value ($000) $904 (+2.3%) Shares 1,560 (-14.4%) Est. Cost $527.97 Unrealized +7.0%

HEFA ISHARES TR 0.3%

Value ($000) $368 (-5.2%) Shares 8,900 (-9.2%) Est. Cost $34.75 Unrealized —

VOO VANGUARD INDEX FDS 1.0%

Value ($000) $1,208 (-1.4%) Shares 1,927 (-3.7%) Est. Cost $568.03 Unrealized —

DHR DANAHER CORPORATION 0.6%

Value ($000) $696 (+1.7%) Shares 3,040 (-11.9%) Est. Cost $237.82 Unrealized -7.7%

IJR ISHARES TR 0.9%

Value ($000) $1,038 (-0.6%) Shares 8,635 (-1.7%) Est. Cost $115.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIG	VANGUARD SPECIALIZED FUNDS	10,430 (-37.2%)	$2,292 (-36.1%)	1.9%	$195.83	—	DIV APP ETF	921908844
ORCL	ORACLE CORP	5,745 (-13.9%)	$1,120 (-40.3%)	0.9%	$174.68	+36.3%	COM	68389X105
MSFT	MICROSOFT CORP	6,137 (-9.1%)	$2,968 (-15.1%)	2.5%	$425.04	+17.8%	COM	594918104
VGT	VANGUARD WORLD FD	6,798 (-9.7%)	$5,124 (-8.9%)	4.3%	$623.39	—	INF TECH ETF	92204A702
JPM	JPMORGAN CHASE & CO.	6,545 (-15.1%)	$2,109 (-13.2%)	1.8%	$230.42	+34.3%	COM	46625H100
VTI	VANGUARD INDEX FDS	13,317 (-8.3%)	$4,465 (-6.3%)	3.8%	$289.81	—	TOTAL STK MKT	922908769
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,190 (-14.7%)	$1,603 (-14.7%)	1.4%	$466.00	+6.8%	CL B NEW	084670702
XLV	SELECT SECTOR SPDR TR	21,265 (-2.3%)	$3,292 (+8.7%)	2.8%	$137.40	—	STATE STREET HEA	81369Y209
HD	HOME DEPOT INC	2,005 (-10.1%)	$690 (-23.7%)	0.6%	$393.10	-7.3%	COM	437076102
BLK	BLACKROCK INC	582 (-18.8%)	$623 (-25.5%)	0.5%	$983.29	+10.8%	COM	09290D101
COST	COSTCO WHSL CORP NEW	851 (-14.0%)	$734 (-19.9%)	0.6%	$930.79	-2.7%	COM	22160K105
WMT	WALMART INC	8,615 (-21.5%)	$960 (-15.2%)	0.8%	$86.88	+23.4%	COM	931142103
SPTS	SPDR SERIES TRUST	34,843 (-13.8%)	$1,020 (-13.9%)	0.9%	$29.23	—	STATE STREET SPD	78468R101
AAPL	APPLE INC	9,957 (-10.8%)	$2,707 (-4.8%)	2.3%	$231.92	+15.7%	COM	037833100
QQQ	INVESCO QQQ TR	5,255 (-6.2%)	$3,228 (-4.0%)	2.7%	$511.23	—	UNIT SER 1	46090E103
HON	HONEYWELL INTL INC	2,729 (-13.6%)	$532 (-19.9%)	0.4%	$203.07	-4.0%	COM	438516106
PG	PROCTER AND GAMBLE CO	4,356 (-11.0%)	$624 (-17.0%)	0.5%	$165.20	-10.9%	COM	742718109
LOW	LOWES COS INC	2,500 (-13.9%)	$603 (-17.4%)	0.5%	$255.62	-6.2%	COM	548661107
ITW	ILLINOIS TOOL WKS INC	1,980 (-15.1%)	$488 (-19.8%)	0.4%	$254.40	-2.7%	COM	452308109
V	VISA INC	2,970 (-12.5%)	$1,042 (-10.1%)	0.9%	$303.72	+12.1%	COM CL A	92826C839
SCHM	SCHWAB STRATEGIC TR	8,225 (-32.4%)	$247 (-31.4%)	0.2%	$27.71	—	US MID-CAP ETF	808524508
QQQM	INVESCO EXCH TRADED FD TR II	7,581 (-7.1%)	$1,917 (-4.9%)	1.6%	$198.36	—	NASDAQ 100 ETF	46138G649
RSP	INVESCO EXCHANGE TRADED FD T	14,475 (-4.3%)	$2,773 (-3.4%)	2.3%	$175.43	—	S&P500 EQL WGT	46137V357
D	DOMINION ENERGY INC	6,061 (-16.6%)	$355 (-20.1%)	0.3%	$58.31	+2.5%	COM	25746U109
TJX	TJX COS INC NEW	4,855 (-15.9%)	$746 (-10.6%)	0.6%	$118.87	+24.3%	COM	872540109
VZ	VERIZON COMMUNICATIONS INC	9,870 (-11.1%)	$402 (-17.6%)	0.3%	$39.65	+2.1%	COM	92343V104
SNA	SNAP ON INC	1,305 (-15.0%)	$450 (-15.5%)	0.4%	$325.16	+4.7%	COM	833034101
SPYM	SPDR SERIES TRUST	85,865 (-3.5%)	$6,888 (-1.2%)	5.8%	$65.76	—	STATE STREET SPD	78464A854
SCHD	SCHWAB STRATEGIC TR	12,027 (-18.4%)	$330 (-18.0%)	0.3%	$27.31	—	US DIVIDEND EQ	808524797
IBM	INTERNATIONAL BUSINESS MACHS	1,884 (-15.7%)	$558 (-11.5%)	0.5%	$221.14	+35.1%	COM	459200101
XOM	EXXON MOBIL CORP	6,050 (-14.5%)	$728 (-8.7%)	0.6%	$111.24	+3.8%	COM	30231G102
GOOG	ALPHABET INC	5,590 (-19.6%)	$1,754 (+3.6%)	1.5%	$174.27	+64.3%	CAP STK CL C	02079K107
VXUS	VANGUARD STAR FDS	78,445 (-1.7%)	$5,918 (+1.0%)	5.0%	$59.10	—	VG TL INTL STK F	921909768
CVX	CHEVRON CORP NEW	1,699 (-14.6%)	$259 (-16.2%)	0.2%	$144.27	+4.9%	COM	166764100
KO	COCA COLA CO	5,284 (-14.6%)	$369 (-9.9%)	0.3%	$64.17	+8.1%	COM	191216100
NEE	NEXTERA ENERGY INC	8,075 (-11.5%)	$648 (-5.9%)	0.5%	$73.17	+12.8%	COM	65339F101
JNJ	JOHNSON & JOHNSON	5,399 (-13.4%)	$1,117 (-3.4%)	0.9%	$149.73	+31.6%	COM	478160104
MDY	SPDR S&P MIDCAP 400 ETF TR	6,170 (-2.2%)	$3,722 (-1.0%)	3.1%	$569.58	—	UTSER1 S&PDCRP	78467Y107
SPY	SPDR S&P 500 ETF TR	11,886 (-1.9%)	$8,105 (+0.4%)	6.8%	$586.08	—	TR UNIT	78462F103
GOOGL	ALPHABET INC	950 (-13.2%)	$297 (+11.7%)	0.3%	$163.29	+74.9%	CAP STK CL A	02079K305
RTX	RTX CORPORATION	2,452 (-14.4%)	$450 (-6.2%)	0.4%	$120.21	+44.2%	COM	75513E101
AMGN	AMGEN INC	1,688 (-17.3%)	$552 (-4.1%)	0.5%	$284.83	+10.9%	COM	031162100
CB	CHUBB LIMITED	930 (-16.2%)	$290 (-7.3%)	0.2%	$275.21	+6.2%	COM	H1467J104
TMO	THERMO FISHER SCIENTIFIC INC	1,560 (-14.4%)	$904 (+2.3%)	0.8%	$527.97	+7.0%	COM	883556102
HEFA	ISHARES TR	8,900 (-9.2%)	$368 (-5.2%)	0.3%	$34.75	—	HDG MSCI EAFE	46434V803
VOO	VANGUARD INDEX FDS	1,927 (-3.7%)	$1,208 (-1.4%)	1.0%	$568.03	—	S&P 500 ETF SHS	922908363
DHR	DANAHER CORPORATION	3,040 (-11.9%)	$696 (+1.7%)	0.6%	$237.82	-7.7%	COM	235851102
IJR	ISHARES TR	8,635 (-1.7%)	$1,038 (-0.6%)	0.9%	$115.22	—	CORE S&P SCP ETF	464287804

Unchanged Positions (6)

COWZ PACER FDS TR 4.9%

Value ($000) $5,860 Shares 97,394 Est. Cost $56.33 Unrealized —

AXP AMERICAN EXPRESS CO 0.3%

Value ($000) $303 Shares 820 Est. Cost $283.58 Unrealized +25.9%

SPMD SPDR SERIES TRUST 2.4%

Value ($000) $2,843 Shares 49,095 Est. Cost $51.38 Unrealized —

FLRN SPDR SERIES TRUST 2.7%

Value ($000) $3,153 Shares 102,600 Est. Cost $30.74 Unrealized —

IVOO VANGUARD ADMIRAL FDS INC 0.3%

Value ($000) $349 Shares 3,125 Est. Cost $104.98 Unrealized —

NVDA NVIDIA CORPORATION 0.9%

Value ($000) $1,087 Shares 5,830 Est. Cost $137.37 Unrealized +35.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COWZ	PACER FDS TR	97,394	$5,860	4.9%	$56.33	—	US CASH COWS 100	69374H881
AXP	AMERICAN EXPRESS CO	820	$303	0.3%	$283.58	+25.9%	COM	025816109
SPMD	SPDR SERIES TRUST	49,095	$2,843	2.4%	$51.38	—	STATE STREET SPD	78464A847
FLRN	SPDR SERIES TRUST	102,600	$3,153	2.7%	$30.74	—	STATE STREET SPD	78468R200
IVOO	VANGUARD ADMIRAL FDS INC	3,125	$349	0.3%	$104.98	—	MIDCP 400 IDX	921932885
NVDA	NVIDIA CORPORATION	5,830	$1,087	0.9%	$137.37	+35.5%	COM	67066G104