Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FDXF	FEDEX FGHT HLDG CO INC	12,025	$1.816M	0.7%	$151.00	—	COMMON STOCK	314352105
SPCX	SPACE EXPLORATION TECHN CORP	2,500	$427K	0.2%	$170.86	—	CLASS A COM STK	84615Q103
AMD	ADVANCED MICRO DEVICES INC	500	$290K	0.1%	$580.91	—	COM	007903107
ELV	ELEVANCE HEALTH INC FORMERLY	650	$251K	0.1%	$386.73	—	COM	036752103
QCOM	QUALCOMM INC	1,200	$222K	0.1%	$184.79	—	COM	747525103
CVS	CVS HEALTH CORP	2,000	$207K	0.1%	$103.45	—	COM	126650100
EGP	EASTGROUP PPTYS INC	1,000	$203K	0.1%	$202.53	—	COM	277276101
WNC	WABASH NATL CORP	15,000	$203K	0.1%	$13.50	—	COM	929566107

Increased Positions (7)

IP INTERNATIONAL PAPER CO 3.4%

Value $8.702M (+9.1%) Shares 228,400 (+2.2%) Est. Cost $49.95 Unrealized —

EMN EASTMAN CHEM CO 2.3%

Value $5.914M (-9.2%) Shares 88,300 (+3.5%) Est. Cost $86.42 Unrealized —

HD HOME DEPOT INC 0.8%

Value $2.01M (+30.0%) Shares 5,700 (+21.3%) Est. Cost $389.44 Unrealized —

UMH UMH PPTYS INC 2.4%

Value $6.286M (+6.5%) Shares 415,162 (+1.5%) Est. Cost $18.51 Unrealized —

TSCO TRACTOR SUPPLY CO 0.5%

Value $1.318M (+9.0%) Shares 41,700 (+56.2%) Est. Cost $45.96 Unrealized —

AZO AUTOZONE INC 2.1%

Value $5.433M (+0.5%) Shares 1,700 (+6.3%) Est. Cost $3434.83 Unrealized —

UWMC UWM HOLDINGS CORPORATION 0.1%

Value $151K (+1.8%) Shares 66,000 (+61.0%) Est. Cost $3.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IP	INTERNATIONAL PAPER CO	228,400 (+2.2%)	$8.702M (+9.1%)	3.4%	$49.95	—	COM	460146103
EMN	EASTMAN CHEM CO	88,300 (+3.5%)	$5.914M (-9.2%)	2.3%	$86.42	—	COM	277432100
HD	HOME DEPOT INC	5,700 (+21.3%)	$2.01M (+30.0%)	0.8%	$389.44	—	COM	437076102
UMH	UMH PPTYS INC	415,162 (+1.5%)	$6.286M (+6.5%)	2.4%	$18.51	—	COM	903002103
TSCO	TRACTOR SUPPLY CO	41,700 (+56.2%)	$1.318M (+9.0%)	0.5%	$45.96	—	COM	892356106
AZO	AUTOZONE INC	1,700 (+6.3%)	$5.433M (+0.5%)	2.1%	$3434.83	—	COM	053332102
UWMC	UWM HOLDINGS CORPORATION	66,000 (+61.0%)	$151K (+1.8%)	0.1%	$3.86	—	COM CL A	91823B109

Exited Positions (5)

XOM EXXON MOBIL CORP 3.0%

Value $7.872M Shares 46,400 Est. Cost $112.36 Unrealized —

WMB WILLIAMS COS INC 0.6%

Value $1.436M Shares 19,729 Est. Cost $51.72 Unrealized —

PBF PBF ENERGY INC 0.2%

Value $605K Shares 12,700 Est. Cost $29.12 Unrealized —

LVS LAS VEGAS SANDS CORP 0.1%

Value $205K Shares 3,800 Est. Cost $52.28 Unrealized —

DOUG DOUGLAS ELLIMAN INC 0.0%

Value $41,968 Shares 25,590 Est. Cost $1.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	46,400	$7.872M	3.0%	$112.36	—	—	30231G102
WMB	WILLIAMS COS INC	19,729	$1.436M	0.6%	$51.72	—	—	969457100
PBF	PBF ENERGY INC	12,700	$605K	0.2%	$29.12	—	—	69318G106
LVS	LAS VEGAS SANDS CORP	3,800	$205K	0.1%	$52.28	—	—	517834107
DOUG	DOUGLAS ELLIMAN INC	25,590	$41,968	0.0%	$1.92	—	—	25961D105

Decreased Positions (21)

MPC MARATHON PETE CORP 2.0%

Value $5.307M (-41.3%) Shares 20,758 (-44.0%) Est. Cost $148.83 Unrealized —

CVX CHEVRON CORPORATION 3.0%

Value $7.84M (-31.5%) Shares 47,299 (-14.5%) Est. Cost $145.50 Unrealized —

COP CONOCOPHILLIPS 1.6%

Value $4.023M (-34.0%) Shares 38,700 (-16.2%) Est. Cost $102.31 Unrealized —

VLO VALERO ENERGY CORP 1.1%

Value $2.956M (-34.8%) Shares 11,350 (-38.1%) Est. Cost $129.14 Unrealized —

KNX KNIGHT-SWIFT TRANSN HLDGS IN 2.4%

Value $6.184M (+28.8%) Shares 79,420 (-4.8%) Est. Cost $52.84 Unrealized —

SHEL SHELL PLC 0.4%

Value $1.003M (-57.6%) Shares 12,939 (-49.1%) Est. Cost $62.65 Unrealized —

TTE TOTALENERGIES SE 0.3%

Value $852K (-55.3%) Shares 10,960 (-47.7%) Est. Cost $63.23 Unrealized —

MU MICRON TECHNOLOGY INC 0.8%

Value $2.078M (+70.8%) Shares 1,800 (-50.0%) Est. Cost $101.25 Unrealized —

PSX PHILLIPS 66 1.0%

Value $2.612M (-21.0%) Shares 15,450 (-14.9%) Est. Cost $122.03 Unrealized —

EQNR EQUINOR ASA 0.1%

Value $218K (-72.7%) Shares 6,944 (-63.3%) Est. Cost $23.69 Unrealized —

BP BP PLC 0.1%

Value $364K (-61.0%) Shares 9,854 (-50.4%) Est. Cost $29.56 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.9%

Value $2.388M (+28.2%) Shares 5,000 (-9.3%) Est. Cost $197.49 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 0.8%

Value $2.026M (+32.6%) Shares 2,100 (-46.2%) Est. Cost $98.15 Unrealized —

OKE ONEOK INC NEW 2.6%

Value $6.696M (-5.7%) Shares 77,015 (-1.9%) Est. Cost $96.84 Unrealized —

DOW DOW HLDGS INC 0.1%

Value $230K (-58.8%) Shares 8,391 (-37.3%) Est. Cost $42.94 Unrealized —

KMI KINDER MORGAN INC DEL 0.5%

Value $1.183M (-21.6%) Shares 37,000 (-17.8%) Est. Cost $24.88 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 1.6%

Value $4.227M (-6.9%) Shares 115,000 (-4.2%) Est. Cost $31.36 Unrealized —

JBHT HUNT J B TRANS SVCS INC 0.3%

Value $666K (-26.9%) Shares 2,300 (-46.5%) Est. Cost $171.95 Unrealized —

INTC INTEL CORP 0.4%

Value $977K (+16.6%) Shares 7,000 (-63.2%) Est. Cost $22.54 Unrealized —

LRCX LAM RESEARCH CORP 0.4%

Value $975K (+1.4%) Shares 2,250 (-50.0%) Est. Cost $74.98 Unrealized —

Q QNITY ELECTRONICS INC 0.1%

Value $215K (-5.0%) Shares 1,316 (-32.9%) Est. Cost $101.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MPC	MARATHON PETE CORP	20,758 (-44.0%)	$5.307M (-41.3%)	2.0%	$148.83	—	COM	56585A102
CVX	CHEVRON CORPORATION	47,299 (-14.5%)	$7.84M (-31.5%)	3.0%	$145.50	—	COM	166764100
COP	CONOCOPHILLIPS	38,700 (-16.2%)	$4.023M (-34.0%)	1.6%	$102.31	—	COM	20825C104
VLO	VALERO ENERGY CORP	11,350 (-38.1%)	$2.956M (-34.8%)	1.1%	$129.14	—	COM	91913Y100
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	79,420 (-4.8%)	$6.184M (+28.8%)	2.4%	$52.84	—	CL A	499049104
SHEL	SHELL PLC	12,939 (-49.1%)	$1.003M (-57.6%)	0.4%	$62.65	—	SPON ADS	780259305
TTE	TOTALENERGIES SE	10,960 (-47.7%)	$852K (-55.3%)	0.3%	$63.23	—	ACT	F92124100
MU	MICRON TECHNOLOGY INC	1,800 (-50.0%)	$2.078M (+70.8%)	0.8%	$101.25	—	COM	595112103
PSX	PHILLIPS 66	15,450 (-14.9%)	$2.612M (-21.0%)	1.0%	$122.03	—	COM	718546104
EQNR	EQUINOR ASA	6,944 (-63.3%)	$218K (-72.7%)	0.1%	$23.69	—	SPONSORED ADR	29446M102
BP	BP PLC	9,854 (-50.4%)	$364K (-61.0%)	0.1%	$29.56	—	SPONSORED ADR	055622104
TSM	TAIWAN SEMICONDUCTOR MANUFAC	5,000 (-9.3%)	$2.388M (+28.2%)	0.9%	$197.49	—	SPONSORED ADS	874039100
STX	SEAGATE TECHNOLOGY HLDNGS PL	2,100 (-46.2%)	$2.026M (+32.6%)	0.8%	$98.15	—	ORD SHS	G7997R103
OKE	ONEOK INC NEW	77,015 (-1.9%)	$6.696M (-5.7%)	2.6%	$96.84	—	COM	682680103
DOW	DOW HLDGS INC	8,391 (-37.3%)	$230K (-58.8%)	0.1%	$42.94	—	COM	260557103
KMI	KINDER MORGAN INC DEL	37,000 (-17.8%)	$1.183M (-21.6%)	0.5%	$24.88	—	COM	49456B101
EPD	ENTERPRISE PRODS PARTNERS L	115,000 (-4.2%)	$4.227M (-6.9%)	1.6%	$31.36	—	COM	293792107
JBHT	HUNT J B TRANS SVCS INC	2,300 (-46.5%)	$666K (-26.9%)	0.3%	$171.95	—	COM	445658107
INTC	INTEL CORP	7,000 (-63.2%)	$977K (+16.6%)	0.4%	$22.54	—	COM	458140100
LRCX	LAM RESEARCH CORP	2,250 (-50.0%)	$975K (+1.4%)	0.4%	$74.98	—	COM NEW	512807306
Q	QNITY ELECTRONICS INC	1,316 (-32.9%)	$215K (-5.0%)	0.1%	$101.21	—	COMMON STOCK	74743L100

Unchanged Positions (88)

LLY ELI LILLY & CO 5.0%

Value $12.95M Shares 10,800 Est. Cost $821.14 Unrealized —

AAPL APPLE INC 6.0%

Value $15.6M Shares 53,900 Est. Cost $233.89 Unrealized —

CSX CSX CORP 3.7%

Value $9.696M Shares 204,000 Est. Cost $33.62 Unrealized —

FDX FEDEX CORP 2.9%

Value $7.531M Shares 24,050 Est. Cost $258.34 Unrealized —

CAT CATERPILLAR INC 1.1%

Value $2.769M Shares 2,600 Est. Cost $381.74 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.9%

Value $2.411M Shares 5,800 Est. Cost $552.89 Unrealized —

JPM JPMORGAN CHASE & CO 3.0%

Value $7.859M Shares 24,010 Est. Cost $228.03 Unrealized —

MS MORGAN STANLEY 1.3%

Value $3.345M Shares 16,000 Est. Cost $119.51 Unrealized —

NUE NUCOR CORP 1.1%

Value $2.918M Shares 13,100 Est. Cost $140.88 Unrealized —

HCA HCA HEALTHCARE INC 1.2%

Value $3.158M Shares 8,100 Est. Cost $346.27 Unrealized —

UNP UNION PAC CORP 2.3%

Value $5.984M Shares 22,000 Est. Cost $230.22 Unrealized —

PFE PFIZER INC 1.2%

Value $3.057M Shares 126,947 Est. Cost $25.10 Unrealized —

CINF CINCINNATI FINL CORP 1.3%

Value $3.333M Shares 18,000 Est. Cost $142.02 Unrealized —

FHN FIRST HORIZON CORPORATION 1.7%

Value $4.359M Shares 170,000 Est. Cost $18.17 Unrealized —

NSC NORFOLK SOUTHN CORP 2.1%

Value $5.505M Shares 17,500 Est. Cost $248.46 Unrealized —

LSTR LANDSTAR SYS INC 0.7%

Value $1.882M Shares 9,100 Est. Cost $171.86 Unrealized —

BK BANK OF NY MELLON CORP 0.9%

Value $2.347M Shares 16,230 Est. Cost $75.52 Unrealized —

ABBV ABBVIE INC 1.0%

Value $2.516M Shares 10,000 Est. Cost $177.41 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 1.3%

Value $3.299M Shares 38,068 Est. Cost $76.44 Unrealized —

CSCO CISCO SYS INC 0.3%

Value $857K Shares 7,300 Est. Cost $55.37 Unrealized —

BNS BANK NOVA SCOTIA B C 0.4%

Value $1.108M Shares 12,760 Est. Cost $51.65 Unrealized —

MO ALTRIA GROUP INC 0.9%

Value $2.384M Shares 33,139 Est. Cost $48.82 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.4%

Value $1.029M Shares 24,300 Est. Cost $41.24 Unrealized —

GOOG ALPHABET INC 0.4%

Value $989K Shares 2,800 Est. Cost $182.46 Unrealized —

BTI BRITISH AMERN TOB PLC 1.3%

Value $3.284M Shares 53,176 Est. Cost $36.32 Unrealized —

HSBC HSBC HLDGS PLC 0.5%

Value $1.288M Shares 13,545 Est. Cost $49.46 Unrealized —

LOW LOWES COS INC 0.9%

Value $2.315M Shares 10,500 Est. Cost $261.54 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value $1.201M Shares 6,000 Est. Cost $133.10 Unrealized —

HTLD HEARTLAND EXPRESS INC 0.2%

Value $478K Shares 31,396 Est. Cost $11.40 Unrealized —

CNI CANADIAN NATL RY CO 0.4%

Value $1.073M Shares 9,000 Est. Cost $106.87 Unrealized —

NOK NOKIA CORP 0.1%

Value $372K Shares 28,000 Est. Cost $4.43 Unrealized —

CMI CUMMINS INC 0.2%

Value $571K Shares 800 Est. Cost $343.44 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.3%

Value $3.303M Shares 6,600 Est. Cost $461.73 Unrealized —

AMZN AMAZON COM INC 0.4%

Value $1.096M Shares 4,600 Est. Cost $209.42 Unrealized —

UPS UNITED PARCEL SVCS INC 0.6%

Value $1.591M Shares 14,800 Est. Cost $117.72 Unrealized —

ODFL OLD DOMINION FREIGHT LINE IN 0.5%

Value $1.235M Shares 5,700 Est. Cost $162.05 Unrealized —

MRK MERCK & CO INC 0.7%

Value $1.863M Shares 14,498 Est. Cost $97.23 Unrealized —

SNDR SCHNEIDER NATIONAL INC 0.2%

Value $416K Shares 11,400 Est. Cost $29.74 Unrealized —

FE FIRSTENERGY CORP 0.6%

Value $1.569M Shares 33,000 Est. Cost $39.95 Unrealized —

T AT&T INC 0.1%

Value $248K Shares 12,000 Est. Cost $21.51 Unrealized —

BA BOEING CO 0.5%

Value $1.201M Shares 5,550 Est. Cost $167.27 Unrealized —

ED CONSOLIDATED EDISON INC 1.6%

Value $4.138M Shares 37,400 Est. Cost $94.78 Unrealized —

RY ROYAL BK CDA 0.2%

Value $433K Shares 2,091 Est. Cost $123.44 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.7%

Value $1.763M Shares 30,600 Est. Cost $52.58 Unrealized —

WMT WALMART INC 0.4%

Value $951K Shares 8,400 Est. Cost $85.80 Unrealized —

PM PHILIP MORRIS INTL INC 0.4%

Value $1.067M Shares 5,900 Est. Cost $120.59 Unrealized —

FCX FREEPORT MCMORAN INC 0.5%

Value $1.365M Shares 21,700 Est. Cost $44.04 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.8%

Value $2.052M Shares 15,000 Est. Cost $93.11 Unrealized —

MCD MCDONALDS CORP 0.2%

Value $487K Shares 1,800 Est. Cost $290.22 Unrealized —

TSLA TESLA INC 0.2%

Value $589K Shares 1,400 Est. Cost $321.74 Unrealized —

ORI OLD REP INTL CORP 1.0%

Value $2.701M Shares 66,000 Est. Cost $31.47 Unrealized —

HUBG HUB GROUP INC 0.1%

Value $350K Shares 8,000 Est. Cost $46.66 Unrealized —

MSFT MICROSOFT CORP 3.0%

Value $7.768M Shares 20,825 Est. Cost $422.45 Unrealized —

VMC VULCAN MATLS CO 0.3%

Value $767K Shares 2,600 Est. Cost $266.73 Unrealized —

CHRW C H ROBINSON WORLDWIDE IN 0.2%

Value $490K Shares 2,600 Est. Cost $104.85 Unrealized —

MT ARCELORMITTAL SA LUXEMBOURG 0.2%

Value $421K Shares 6,999 Est. Cost $23.13 Unrealized —

GOOGL ALPHABET INC 0.1%

Value $286K Shares 800 Est. Cost $285.60 Unrealized —

XPO XPO INC 0.4%

Value $1.026M Shares 5,000 Est. Cost $135.16 Unrealized —

DUK DUKE ENERGY CORP NEW 0.5%

Value $1.354M Shares 10,700 Est. Cost $108.79 Unrealized —

LMT LOCKHEED MARTIN CORP 0.1%

Value $248K Shares 486 Est. Cost $518.46 Unrealized —

AZN ASTRAZENECA PLC 0.4%

Value $1.138M Shares 6,000 Est. Cost $190.39 Unrealized —

SAIA SAIA INC 0.1%

Value $253K Shares 600 Est. Cost $372.09 Unrealized —

SPH SUBURBAN PROPANE PARTNERS L 0.1%

Value $274K Shares 16,000 Est. Cost $17.20 Unrealized —

SNY SANOFI SA 0.1%

Value $308K Shares 7,213 Est. Cost $48.23 Unrealized —

META META PLATFORMS INC 1.0%

Value $2.535M Shares 4,500 Est. Cost $584.74 Unrealized —

SCCO SOUTHERN COPPER CORP 0.7%

Value $1.772M Shares 10,169 Est. Cost $98.10 Unrealized —

BHP BHP BILLITON LIMITED 0.1%

Value $308K Shares 3,700 Est. Cost $48.83 Unrealized —

KEY KEYCORP 0.1%

Value $300K Shares 13,000 Est. Cost $16.99 Unrealized —

NEM NEWMONT CORP 0.1%

Value $234K Shares 2,500 Est. Cost $69.39 Unrealized —

VTRS VIATRIS INC 0.1%

Value $238K Shares 15,006 Est. Cost $11.63 Unrealized —

DE DEERE & CO 0.1%

Value $317K Shares 500 Est. Cost $413.99 Unrealized —

MAR MARRIOTT INTL INC NEW 0.1%

Value $250K Shares 675 Est. Cost $285.32 Unrealized —

CX CEMEX SA EURO MTN BE 144A 0.2%

Value $588K Shares 49,000 Est. Cost $5.64 Unrealized —

KO COCA COLA CO 0.1%

Value $333K Shares 4,100 Est. Cost $63.09 Unrealized —

PPL PPL CORP 0.2%

Value $418K Shares 11,500 Est. Cost $31.71 Unrealized —

ETR ENTERGY CORP NEW 0.2%

Value $643K Shares 5,600 Est. Cost $69.96 Unrealized —

NVS NOVARTIS AG 0.2%

Value $549K Shares 3,500 Est. Cost $97.31 Unrealized —

FR FIRST INDL RLTY TR INC 0.1%

Value $245K Shares 4,000 Est. Cost $51.47 Unrealized —

WEN WENDYS CO 0.0%

Value $82,900 Shares 10,000 Est. Cost $10.27 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value $254K Shares 1,000 Est. Cost $197.01 Unrealized —

NI NISOURCE INC 0.2%

Value $476K Shares 10,000 Est. Cost $34.83 Unrealized —

PLD PROLOGIS INC. 0.1%

Value $361K Shares 2,665 Est. Cost $110.17 Unrealized —

MCO MOODYS CORP 0.1%

Value $226K Shares 500 Est. Cost $473.16 Unrealized —

SO SOUTHERN CO 0.3%

Value $842K Shares 8,800 Est. Cost $84.51 Unrealized —

BF/A BROWN FORMAN CORP 0.1%

Value $328K Shares 12,000 Est. Cost $32.63 Unrealized —

RIO RIO TINTO PLC 0.1%

Value $247K Shares 2,600 Est. Cost $80.03 Unrealized —

MDLZ MONDELEZ INTL INC 0.1%

Value $289K Shares 5,000 Est. Cost $63.61 Unrealized —

ENB ENBRIDGE INC 0.2%

Value $619K Shares 11,413 Est. Cost $39.21 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	10,800	$12.95M	5.0%	$821.14	—	COM	532457108
AAPL	APPLE INC	53,900	$15.6M	6.0%	$233.89	—	COM	037833100
CSX	CSX CORP	204,000	$9.696M	3.7%	$33.62	—	COM	126408103
FDX	FEDEX CORP	24,050	$7.531M	2.9%	$258.34	—	COM	31428X106
CAT	CATERPILLAR INC	2,600	$2.769M	1.1%	$381.74	—	COM	149123101
UNH	UNITEDHEALTH GROUP INC	5,800	$2.411M	0.9%	$552.89	—	COM	91324P102
JPM	JPMORGAN CHASE & CO	24,010	$7.859M	3.0%	$228.03	—	COM	46625H100
MS	MORGAN STANLEY	16,000	$3.345M	1.3%	$119.51	—	COM NEW	617446448
NUE	NUCOR CORP	13,100	$2.918M	1.1%	$140.88	—	COM	670346105
HCA	HCA HEALTHCARE INC	8,100	$3.158M	1.2%	$346.27	—	COM	40412C101
UNP	UNION PAC CORP	22,000	$5.984M	2.3%	$230.22	—	COM	907818108
PFE	PFIZER INC	126,947	$3.057M	1.2%	$25.10	—	COM	717081103
CINF	CINCINNATI FINL CORP	18,000	$3.333M	1.3%	$142.02	—	COM	172062101
FHN	FIRST HORIZON CORPORATION	170,000	$4.359M	1.7%	$18.17	—	COM	320517105
NSC	NORFOLK SOUTHN CORP	17,500	$5.505M	2.1%	$248.46	—	COM	655844108
LSTR	LANDSTAR SYS INC	9,100	$1.882M	0.7%	$171.86	—	COM	515098101
BK	BANK OF NY MELLON CORP	16,230	$2.347M	0.9%	$75.52	—	COM	064058100
ABBV	ABBVIE INC	10,000	$2.516M	1.0%	$177.41	—	COM	00287Y109
CP	CANADIAN PACIFIC KANSAS CITY	38,068	$3.299M	1.3%	$76.44	—	COM	13646K108
CSCO	CISCO SYS INC	7,300	$857K	0.3%	$55.37	—	COM	17275R102
BNS	BANK NOVA SCOTIA B C	12,760	$1.108M	0.4%	$51.65	—	COM	064149107
MO	ALTRIA GROUP INC	33,139	$2.384M	0.9%	$48.82	—	COM	02209S103
VZ	VERIZON COMMUNICATIONS INC	24,300	$1.029M	0.4%	$41.24	—	COM	92343V104
GOOG	ALPHABET INC	2,800	$989K	0.4%	$182.46	—	CAP STK CL C	02079K107
BTI	BRITISH AMERN TOB PLC	53,176	$3.284M	1.3%	$36.32	—	SPONSORED ADR	110448107
HSBC	HSBC HLDGS PLC	13,545	$1.288M	0.5%	$49.46	—	SPON ADR NEW	404280406
LOW	LOWES COS INC	10,500	$2.315M	0.9%	$261.54	—	COM	548661107
NVDA	NVIDIA CORPORATION	6,000	$1.201M	0.5%	$133.10	—	COM	67066G104
HTLD	HEARTLAND EXPRESS INC	31,396	$478K	0.2%	$11.40	—	COM	422347104
CNI	CANADIAN NATL RY CO	9,000	$1.073M	0.4%	$106.87	—	COM	136375102
NOK	NOKIA CORP	28,000	$372K	0.1%	$4.43	—	SPONSORED ADR	654902204
CMI	CUMMINS INC	800	$571K	0.2%	$343.44	—	COM	231021106
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,600	$3.303M	1.3%	$461.73	—	CL B NEW	084670702
AMZN	AMAZON COM INC	4,600	$1.096M	0.4%	$209.42	—	COM	023135106
UPS	UNITED PARCEL SVCS INC	14,800	$1.591M	0.6%	$117.72	—	CL B	911312106
ODFL	OLD DOMINION FREIGHT LINE IN	5,700	$1.235M	0.5%	$162.05	—	COM	679580100
MRK	MERCK & CO INC	14,498	$1.863M	0.7%	$97.23	—	COM	58933Y105
SNDR	SCHNEIDER NATIONAL INC	11,400	$416K	0.2%	$29.74	—	CL B	80689H102
FE	FIRSTENERGY CORP	33,000	$1.569M	0.6%	$39.95	—	COM	337932107
T	AT&T INC	12,000	$248K	0.1%	$21.51	—	COM	00206R102
BA	BOEING CO	5,550	$1.201M	0.5%	$167.27	—	COM	097023105
ED	CONSOLIDATED EDISON INC	37,400	$4.138M	1.6%	$94.78	—	COM	209115104
RY	ROYAL BK CDA	2,091	$433K	0.2%	$123.44	—	COM	780087102
BMY	BRISTOL-MYERS SQUIBB CO	30,600	$1.763M	0.7%	$52.58	—	COM	110122108
WMT	WALMART INC	8,400	$951K	0.4%	$85.80	—	COM	931142103
PM	PHILIP MORRIS INTL INC	5,900	$1.067M	0.4%	$120.59	—	COM	718172109
FCX	FREEPORT MCMORAN INC	21,700	$1.365M	0.5%	$44.04	—	CL B	35671D857
AEP	AMERICAN ELEC PWR CO INC	15,000	$2.052M	0.8%	$93.11	—	COM	025537101
MCD	MCDONALDS CORP	1,800	$487K	0.2%	$290.22	—	COM	580135101
TSLA	TESLA INC	1,400	$589K	0.2%	$321.74	—	COM	88160R101
ORI	OLD REP INTL CORP	66,000	$2.701M	1.0%	$31.47	—	COM	680223104
HUBG	HUB GROUP INC	8,000	$350K	0.1%	$46.66	—	CL A	443320106
MSFT	MICROSOFT CORP	20,825	$7.768M	3.0%	$422.45	—	COM	594918104
VMC	VULCAN MATLS CO	2,600	$767K	0.3%	$266.73	—	COM	929160109
CHRW	C H ROBINSON WORLDWIDE IN	2,600	$490K	0.2%	$104.85	—	COM NEW	12541W209
MT	ARCELORMITTAL SA LUXEMBOURG	6,999	$421K	0.2%	$23.13	—	NY REGISTRY SH	03938L203
GOOGL	ALPHABET INC	800	$286K	0.1%	$285.60	—	CAP STK CL A	02079K305
XPO	XPO INC	5,000	$1.026M	0.4%	$135.16	—	COM	983793100
DUK	DUKE ENERGY CORP NEW	10,700	$1.354M	0.5%	$108.79	—	COM NEW	26441C204
LMT	LOCKHEED MARTIN CORP	486	$248K	0.1%	$518.46	—	COM	539830109
AZN	ASTRAZENECA PLC	6,000	$1.138M	0.4%	$190.39	—	ORD	G0593M107
SAIA	SAIA INC	600	$253K	0.1%	$372.09	—	COM	78709Y105
SPH	SUBURBAN PROPANE PARTNERS L	16,000	$274K	0.1%	$17.20	—	UNIT LTD PARTN	864482104
SNY	SANOFI SA	7,213	$308K	0.1%	$48.23	—	SPONSORED ADR	80105N105
META	META PLATFORMS INC	4,500	$2.535M	1.0%	$584.74	—	CL A	30303M102
SCCO	SOUTHERN COPPER CORP	10,169	$1.772M	0.7%	$98.10	—	COM	84265V105
BHP	BHP BILLITON LIMITED	3,700	$308K	0.1%	$48.83	—	SPONSORED ADS	088606108
KEY	KEYCORP	13,000	$300K	0.1%	$16.99	—	COM	493267108
NEM	NEWMONT CORP	2,500	$234K	0.1%	$69.39	—	COM	651639106
VTRS	VIATRIS INC	15,006	$238K	0.1%	$11.63	—	COM	92556V106
DE	DEERE & CO	500	$317K	0.1%	$413.99	—	COM	244199105
MAR	MARRIOTT INTL INC NEW	675	$250K	0.1%	$285.32	—	CL A	571903202
CX	CEMEX SA EURO MTN BE 144A	49,000	$588K	0.2%	$5.64	—	SPON ADR NEW	151290889
KO	COCA COLA CO	4,100	$333K	0.1%	$63.09	—	COM	191216100
PPL	PPL CORP	11,500	$418K	0.2%	$31.71	—	COM	69351T106
ETR	ENTERGY CORP NEW	5,600	$643K	0.2%	$69.96	—	COM	29364G103
NVS	NOVARTIS AG	3,500	$549K	0.2%	$97.31	—	SPONSORED ADR	66987V109
FR	FIRST INDL RLTY TR INC	4,000	$245K	0.1%	$51.47	—	COM	32054K103
WEN	WENDYS CO	10,000	$82,900	0.0%	$10.27	—	COM	95058W100
JNJ	JOHNSON & JOHNSON	1,000	$254K	0.1%	$197.01	—	COM	478160104
NI	NISOURCE INC	10,000	$476K	0.2%	$34.83	—	COM	65473P105
PLD	PROLOGIS INC.	2,665	$361K	0.1%	$110.17	—	COM	74340W103
MCO	MOODYS CORP	500	$226K	0.1%	$473.16	—	COM	615369105
SO	SOUTHERN CO	8,800	$842K	0.3%	$84.51	—	COM	842587107
BF/A	BROWN FORMAN CORP	12,000	$328K	0.1%	$32.63	—	CL A	115637100
RIO	RIO TINTO PLC	2,600	$247K	0.1%	$80.03	—	SPONSORED ADR	767204100
MDLZ	MONDELEZ INTL INC	5,000	$289K	0.1%	$63.61	—	CL A	609207105
ENB	ENBRIDGE INC	11,413	$619K	0.2%	$39.21	—	COM	29250N105