Westerkirk Capital Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	1,523,760	$152,955	14.9%	$100.38	—	0-3 MNTH TREASRY	46436E718
VGSH	VANGUARD SCOTTSDALE FDS	868,150	$50,986	5.0%	$58.73	—	SHORT TERM TREAS	92206C102
BRK/B	BERKSHIRE HATHAWAY INC DEL	23,834	$11,980	1.2%	$497.53	0.0%	CL B NEW	084670702
OKLO	OKLO INC	61,900	$4,442	0.4%	$111.52	0.0%	COM CL A	02156V109
PLD	PROLOGIS INC.	25,700	$3,281	0.3%	$123.86	0.0%	COM	74340W103
SPGI	S&P GLOBAL INC	5,594	$2,923	0.3%	$494.21	0.0%	COM	78409V104
PGR	PROGRESSIVE CORP	10,600	$2,414	0.2%	$212.34	0.0%	COM	743315103
FIX	COMFORT SYS USA INC	1,088	$1,015	0.1%	$922.99	0.0%	COM	199908104
BAC	BANK AMERICA CORP	16,860	$927	0.1%	$52.67	0.0%	COM	060505104
VICI	VICI PPTYS INC	27,700	$779	0.1%	$29.30	0.0%	COM	925652109
WTW	WILLIS TOWERS WATSON PLC LTD	1,624	$534	0.1%	$326.48	0.0%	SHS	G96629103
CSCO	CISCO SYS INC	6,801	$524	0.1%	$73.79	0.0%	COM	17275R102
CSL	CARLISLE COS INC	1,011	$323	0.0%	$322.65	0.0%	COM	142339100
DT	DYNATRACE INC	7,330	$318	0.0%	$46.61	0.0%	COM NEW	268150109
AMH	AMERICAN HOMES 4 RENT	8,600	$276	0.0%	$32.10	—	CL A	02665T306
BALL	BALL CORP	4,300	$228	0.0%	$49.09	0.0%	COM	058498106
MICC	MAGNUM ICE CREAM CO NV	11,611	$184	0.0%	$15.68	0.0%	ORD SHS	N5505D105
NVMI	NOVA LTD	240	$79	0.0%	$321.49	0.0%	COM	M7516K103
SOLS	SOLSTICE ADVANCED MATLS INC	509	$25	0.0%	$47.08	0.0%	COM SHS	83443Q103

Increased Positions (102)

EWY ISHARES INC 1.1%

Value ($000) $11,689 (+395.8%) Shares 120,237 (+308.5%) Est. Cost $90.99 Unrealized —

META META PLATFORMS INC 2.6%

Value ($000) $26,843 (+50.7%) Shares 40,666 (+67.7%) Est. Cost $637.08 Unrealized +4.7%

TJX TJX COS INC NEW 1.8%

Value ($000) $18,614 (+87.8%) Shares 121,175 (+76.7%) Est. Cost $135.35 Unrealized +9.1%

AAPL APPLE INC 3.8%

Value ($000) $39,009 (+25.0%) Shares 143,491 (+17.0%) Est. Cost $211.16 Unrealized +27.1%

MSFT MICROSOFT CORP 4.4%

Value ($000) $45,386 (+19.8%) Shares 93,847 (+28.3%) Est. Cost $448.31 Unrealized +11.7%

LRCX LAM RESEARCH CORP 1.2%

Value ($000) $12,551 (+117.4%) Shares 73,320 (+70.0%) Est. Cost $110.37 Unrealized +40.8%

LLY ELI LILLY & CO 1.4%

Value ($000) $14,185 (+70.8%) Shares 13,199 (+21.2%) Est. Cost $805.32 Unrealized +18.7%

KLAC KLA CORP 1.1%

Value ($000) $11,338 (+85.7%) Shares 9,331 (+64.8%) Est. Cost $917.59 Unrealized +27.7%

ATO ATMOS ENERGY CORP 0.7%

Value ($000) $6,766 (+213.0%) Shares 40,361 (+218.8%) Est. Cost $166.29 Unrealized +3.6%

AMAT APPLIED MATLS INC 0.9%

Value ($000) $9,354 (+91.2%) Shares 36,400 (+52.3%) Est. Cost $186.01 Unrealized +28.8%

WMT WALMART INC 0.7%

Value ($000) $7,489 (+122.1%) Shares 67,224 (+105.4%) Est. Cost $102.17 Unrealized +4.9%

SLB SLB LIMITED 0.7%

Value ($000) $7,162 (+115.5%) Shares 186,596 (+93.0%) Est. Cost $34.96 Unrealized +3.1%

ADBE ADOBE INC 1.0%

Value ($000) $9,915 (+62.0%) Shares 28,328 (+63.3%) Est. Cost $367.41 Unrealized -7.4%

CAT CATERPILLAR INC 0.7%

Value ($000) $6,778 (+105.3%) Shares 11,832 (+71.0%) Est. Cost $424.14 Unrealized +31.0%

V VISA INC 1.8%

Value ($000) $18,005 (+22.5%) Shares 51,338 (+19.2%) Est. Cost $345.81 Unrealized -1.6%

QCOM QUALCOMM INC 0.8%

Value ($000) $7,885 (+62.3%) Shares 46,100 (+57.9%) Est. Cost $154.66 Unrealized +10.4%

ABT ABBOTT LABS 0.4%

Value ($000) $4,126 (+229.4%) Shares 32,931 (+252.1%) Est. Cost $128.24 Unrealized -0.7%

ACN ACCENTURE PLC IRELAND 0.7%

Value ($000) $7,297 (+61.7%) Shares 27,196 (+48.6%) Est. Cost $286.28 Unrealized -11.3%

NVDA NVIDIA CORPORATION 3.7%

Value ($000) $38,028 (+7.4%) Shares 203,905 (+7.5%) Est. Cost $130.65 Unrealized +42.5%

CMG CHIPOTLE MEXICAN GRILL INC 0.6%

Value ($000) $6,595 (+64.9%) Shares 178,250 (+74.7%) Est. Cost $44.59 Unrealized -18.9%

NKE NIKE INC 0.8%

Value ($000) $8,360 (+39.2%) Shares 131,220 (+52.4%) Est. Cost $61.29 Unrealized +5.9%

ANET ARISTA NETWORKS INC 0.6%

Value ($000) $6,609 (+39.4%) Shares 50,436 (+55.0%) Est. Cost $104.67 Unrealized +31.5%

JNJ JOHNSON & JOHNSON 0.8%

Value ($000) $8,290 (+27.5%) Shares 40,059 (+14.3%) Est. Cost $160.23 Unrealized +23.0%

LULU LULULEMON ATHLETICA INC 0.3%

Value ($000) $3,445 (+98.0%) Shares 16,579 (+69.5%) Est. Cost $236.78 Unrealized -23.5%

LMT LOCKHEED MARTIN CORP 0.3%

Value ($000) $3,435 (+90.1%) Shares 7,101 (+96.2%) Est. Cost $467.46 Unrealized +1.9%

ULTA ULTA BEAUTY INC 0.3%

Value ($000) $3,341 (+88.6%) Shares 5,523 (+70.5%) Est. Cost $469.81 Unrealized +17.0%

GRMN GARMIN LTD 0.4%

Value ($000) $4,199 (+55.0%) Shares 20,700 (+88.2%) Est. Cost $205.74 Unrealized +5.3%

APP APPLOVIN CORP 0.6%

Value ($000) $5,897 (+33.8%) Shares 8,752 (+42.7%) Est. Cost $417.96 Unrealized +50.8%

WSM WILLIAMS SONOMA INC 0.3%

Value ($000) $3,480 (+56.4%) Shares 19,488 (+71.1%) Est. Cost $168.81 Unrealized +10.9%

MRK MERCK & CO INC 0.5%

Value ($000) $5,221 (+31.0%) Shares 49,600 (+4.4%) Est. Cost $79.09 Unrealized +17.9%

TT TRANE TECHNOLOGIES PLC 0.3%

Value ($000) $2,745 (+79.6%) Shares 7,052 (+94.8%) Est. Cost $403.02 Unrealized +2.6%

FANG DIAMONDBACK ENERGY INC 0.3%

Value ($000) $3,052 (+65.3%) Shares 20,300 (+57.4%) Est. Cost $140.13 Unrealized +4.9%

ITW ILLINOIS TOOL WKS INC 0.3%

Value ($000) $3,079 (+61.7%) Shares 12,500 (+71.2%) Est. Cost $241.49 Unrealized +2.5%

DECK DECKERS OUTDOOR CORP 0.2%

Value ($000) $2,457 (+82.2%) Shares 23,700 (+78.2%) Est. Cost $103.27 Unrealized -9.2%

HAL HALLIBURTON CO 0.2%

Value ($000) $2,526 (+72.6%) Shares 89,400 (+50.3%) Est. Cost $22.48 Unrealized +17.0%

FTNT FORTINET INC 0.4%

Value ($000) $4,169 (+34.0%) Shares 52,500 (+41.9%) Est. Cost $95.59 Unrealized -13.2%

CTAS CINTAS CORP 0.2%

Value ($000) $2,388 (+73.7%) Shares 12,700 (+89.6%) Est. Cost $201.84 Unrealized -6.8%

DHI D R HORTON INC 0.5%

Value ($000) $4,667 (+27.3%) Shares 32,404 (+49.8%) Est. Cost $134.66 Unrealized +12.9%

TPL TEXAS PACIFIC LAND CORPORATI 0.3%

Value ($000) $2,904 (+47.4%) Shares 10,111 (+379.2%) Est. Cost $326.31 Unrealized -6.5%

DVN DEVON ENERGY CORP NEW 0.2%

Value ($000) $2,319 (+62.1%) Shares 63,300 (+55.1%) Est. Cost $32.48 Unrealized +6.9%

PHM PULTE GROUP INC 0.3%

Value ($000) $2,861 (+41.5%) Shares 24,400 (+59.5%) Est. Cost $108.49 Unrealized +12.9%

MPWR MONOLITHIC PWR SYS INC 0.2%

Value ($000) $2,306 (+55.8%) Shares 2,544 (+58.2%) Est. Cost $753.95 Unrealized +27.4%

NVR NVR INC 0.3%

Value ($000) $2,881 (+39.5%) Shares 395 (+53.7%) Est. Cost $7275.09 Unrealized +2.8%

GWW WW GRAINGER INC 0.2%

Value ($000) $1,772 (+83.2%) Shares 1,756 (+73.0%) Est. Cost $1006.05 Unrealized -3.7%

CDNS CADENCE DESIGN SYSTEM INC 0.3%

Value ($000) $3,155 (+33.6%) Shares 10,094 (+50.1%) Est. Cost $303.45 Unrealized +7.5%

ADSK AUTODESK INC 0.3%

Value ($000) $2,670 (+40.4%) Shares 9,020 (+50.7%) Est. Cost $290.04 Unrealized +4.3%

ADP AUTOMATIC DATA PROCESSING IN 0.4%

Value ($000) $4,476 (+18.6%) Shares 17,401 (+35.3%) Est. Cost $292.57 Unrealized -9.5%

BBY BEST BUY INC 0.2%

Value ($000) $1,774 (+56.4%) Shares 26,500 (+76.7%) Est. Cost $69.77 Unrealized +8.2%

IDXX IDEXX LABS INC 0.1%

Value ($000) $1,429 (+79.2%) Shares 2,112 (+69.2%) Est. Cost $561.17 Unrealized +21.4%

NEM NEWMONT CORP 0.1%

Value ($000) $1,426 (+78.4%) Shares 14,282 (+50.6%) Est. Cost $65.44 Unrealized +37.8%

COST COSTCO WHSL CORP NEW 0.5%

Value ($000) $5,224 (+13.4%) Shares 6,058 (+21.7%) Est. Cost $975.57 Unrealized -7.2%

ZTS ZOETIS INC 0.7%

Value ($000) $6,870 (+9.4%) Shares 54,600 (+27.3%) Est. Cost $150.42 Unrealized -13.4%

SPG SIMON PPTY GROUP INC NEW 0.2%

Value ($000) $2,073 (+39.8%) Shares 11,200 (+41.8%) Est. Cost $160.76 Unrealized +12.0%

FAST FASTENAL CO 0.2%

Value ($000) $1,637 (+56.0%) Shares 40,800 (+90.7%) Est. Cost $41.02 Unrealized +2.5%

MA MASTERCARD INCORPORATED 2.4%

Value ($000) $24,720 (+2.4%) Shares 43,301 (+2.0%) Est. Cost $551.61 Unrealized +1.3%

PG PROCTER AND GAMBLE CO 0.4%

Value ($000) $4,242 (+14.1%) Shares 29,600 (+22.3%) Est. Cost $158.29 Unrealized -7.0%

ETN EATON CORP PLC 0.6%

Value ($000) $6,434 (+8.1%) Shares 20,200 (+27.0%) Est. Cost $316.86 Unrealized +11.8%

VRTX VERTEX PHARMACEUTICALS INC 0.2%

Value ($000) $2,299 (+26.5%) Shares 5,071 (+9.2%) Est. Cost $442.72 Unrealized -2.6%

UNH UNITEDHEALTH GROUP INC 0.8%

Value ($000) $8,198 (+4.6%) Shares 24,834 (+9.4%) Est. Cost $371.69 Unrealized -9.3%

HD HOME DEPOT INC 0.2%

Value ($000) $2,515 (+15.8%) Shares 7,308 (+36.3%) Est. Cost $382.61 Unrealized -4.7%

EME EMCOR GROUP INC 0.1%

Value ($000) $883 (+60.2%) Shares 1,444 (+70.1%) Est. Cost $526.00 Unrealized +23.1%

ODFL OLD DOMINION FREIGHT LINE IN 0.1%

Value ($000) $784 (+59.1%) Shares 5,000 (+42.9%) Est. Cost $154.07 Unrealized -7.1%

EXPD EXPEDITORS INTL WASH INC 0.1%

Value ($000) $566 (+100.8%) Shares 3,800 (+65.2%) Est. Cost $120.65 Unrealized +12.4%

SHW SHERWIN WILLIAMS CO 0.1%

Value ($000) $609 (+85.1%) Shares 1,879 (+97.8%) Est. Cost $339.37 Unrealized -1.5%

MSI MOTOROLA SOLUTIONS INC 0.2%

Value ($000) $2,463 (+11.9%) Shares 6,425 (+33.5%) Est. Cost $412.21 Unrealized -2.8%

FUTU FUTU HLDGS LTD 0.0%

Value ($000) $328 (+277.7%) Shares 2,000 (+300.0%) Est. Cost $154.06 Unrealized —

EA ELECTRONIC ARTS INC 0.1%

Value ($000) $1,063 (+28.5%) Shares 5,200 (+26.8%) Est. Cost $158.94 Unrealized +26.9%

CLS CELESTICA INC 0.0%

Value ($000) $486 (+79.4%) Shares 1,643 (+49.4%) Est. Cost $211.38 Unrealized +42.6%

EW EDWARDS LIFESCIENCES CORP 0.1%

Value ($000) $656 (+48.1%) Shares 7,700 (+35.1%) Est. Cost $76.52 Unrealized +7.2%

NFLX NETFLIX INC 1.2%

Value ($000) $12,273 (-1.6%) Shares 130,900 (+1157.8%) Est. Cost $108.23 Unrealized -0.4%

MNST MONSTER BEVERAGE CORP NEW 0.1%

Value ($000) $744 (+31.5%) Shares 9,700 (+15.5%) Est. Cost $62.52 Unrealized +14.6%

IT GARTNER INC 0.1%

Value ($000) $931 (+22.5%) Shares 3,691 (+27.7%) Est. Cost $379.91 Unrealized -36.6%

ROL ROLLINS INC 0.0%

Value ($000) $474 (+49.5%) Shares 7,900 (+46.3%) Est. Cost $56.64 Unrealized +3.6%

CBRE CBRE GROUP INC 0.1%

Value ($000) $1,318 (+13.1%) Shares 8,200 (+10.8%) Est. Cost $129.46 Unrealized +21.5%

CHKP CHECK POINT SOFTWARE TECH LT 0.0%

Value ($000) $223 (+169.0%) Shares 1,200 (+200.0%) Est. Cost $202.24 Unrealized -4.4%

CSGP COSTAR GROUP INC 0.1%

Value ($000) $847 (-14.2%) Shares 12,600 (+7.7%) Est. Cost $77.39 Unrealized -8.5%

BLK BLACKROCK INC 0.3%

Value ($000) $3,069 (-4.0%) Shares 2,867 (+4.6%) Est. Cost $939.90 Unrealized +15.9%

NOW SERVICENOW INC 0.0%

Value ($000) $425 (-23.0%) Shares 2,776 (+362.7%) Est. Cost $174.84 Unrealized -1.9%

LII LENNOX INTL INC 0.1%

Value ($000) $652 (+21.5%) Shares 1,343 (+32.4%) Est. Cost $541.23 Unrealized -7.7%

PAYX PAYCHEX INC 0.1%

Value ($000) $1,032 (+11.5%) Shares 9,200 (+26.0%) Est. Cost $141.13 Unrealized -17.4%

LOGI LOGITECH INTL S A 0.0%

Value ($000) $150 (+242.7%) Shares 1,500 (+275.0%) Est. Cost $103.76 Unrealized +8.3%

CME CME GROUP INC 0.2%

Value ($000) $2,021 (+5.3%) Shares 7,400 (+4.2%) Est. Cost $268.57 Unrealized +0.8%

GGG GRACO INC 0.0%

Value ($000) $328 (+42.9%) Shares 4,000 (+48.1%) Est. Cost $81.99 Unrealized -0.1%

RMD RESMED INC 0.0%

Value ($000) $506 (+23.2%) Shares 2,100 (+40.0%) Est. Cost $242.47 Unrealized +5.3%

WAT WATERS CORP 0.0%

Value ($000) $289 (+47.4%) Shares 761 (+16.4%) Est. Cost $347.20 Unrealized +6.0%

CCEP COCA-COLA EUROPACIFIC PARTNE 0.0%

Value ($000) $118 (+226.0%) Shares 1,300 (+225.0%) Est. Cost $89.04 Unrealized +0.7%

PPG PPG INDS INC 0.0%

Value ($000) $174 (+84.1%) Shares 1,700 (+88.9%) Est. Cost $103.41 Unrealized -3.2%

UTHR UNITED THERAPEUTICS CORP DEL 0.0%

Value ($000) $286 (+37.6%) Shares 586 (+18.4%) Est. Cost $324.77 Unrealized +43.4%

PEP PEPSICO INC 0.2%

Value ($000) $1,944 (+3.7%) Shares 13,547 (+1.5%) Est. Cost $131.25 Unrealized +11.2%

AVY AVERY DENNISON CORP 0.0%

Value ($000) $109 (+124.3%) Shares 600 (+100.0%) Est. Cost $172.51 Unrealized -0.1%

PKG PACKAGING CORP AMER 0.0%

Value ($000) $124 (+89.3%) Shares 600 (+100.0%) Est. Cost $194.07 Unrealized +4.3%

EQR EQUITY RESIDENTIAL 0.1%

Value ($000) $624 (+9.6%) Shares 9,900 (+12.5%) Est. Cost $65.96 Unrealized -8.0%

RACE FERRARI N V 0.1%

Value ($000) $1,489 (-3.4%) Shares 4,029 (+26.9%) Est. Cost $457.06 Unrealized -12.5%

HIG HARTFORD INSURANCE GROUP INC 0.1%

Value ($000) $758 (+7.2%) Shares 5,500 (+3.8%) Est. Cost $123.23 Unrealized +6.8%

RPM RPM INTL INC 0.0%

Value ($000) $94 (+98.5%) Shares 900 (+125.0%) Est. Cost $109.01 Unrealized -0.7%

WST WEST PHARMACEUTICAL SVSC INC 0.0%

Value ($000) $246 (+18.1%) Shares 895 (+12.6%) Est. Cost $220.07 Unrealized +24.2%

NTAP NETAPP INC 0.1%

Value ($000) $910 (-3.9%) Shares 8,500 (+6.3%) Est. Cost $94.69 Unrealized +20.0%

CBOE CBOE GLOBAL MKTS INC 0.1%

Value ($000) $552 (+7.2%) Shares 2,200 (+4.8%) Est. Cost $223.43 Unrealized +11.3%

OMC OMNICOM GROUP INC 0.0%

Value ($000) $308 (+10.7%) Shares 3,809 (+11.7%) Est. Cost $72.34 Unrealized +4.7%

VEEV VEEVA SYS INC 0.0%

Value ($000) $424 (-5.1%) Shares 1,900 (+26.7%) Est. Cost $251.65 Unrealized +5.4%

AVB AVALONBAY CMNTYS INC 0.1%

Value ($000) $743 (+1.3%) Shares 4,100 (+7.9%) Est. Cost $197.63 Unrealized -9.0%

PAYC PAYCOM SOFTWARE INC 0.0%

Value ($000) $207 (-0.5%) Shares 1,300 (+30.0%) Est. Cost $222.32 Unrealized -20.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWY	ISHARES INC	120,237 (+308.5%)	$11,689 (+395.8%)	1.1%	$90.99	—	MSCI STH KOR ETF	464286772
META	META PLATFORMS INC	40,666 (+67.7%)	$26,843 (+50.7%)	2.6%	$637.08	+4.7%	CL A	30303M102
TJX	TJX COS INC NEW	121,175 (+76.7%)	$18,614 (+87.8%)	1.8%	$135.35	+9.1%	COM	872540109
AAPL	APPLE INC	143,491 (+17.0%)	$39,009 (+25.0%)	3.8%	$211.16	+27.1%	COM	037833100
MSFT	MICROSOFT CORP	93,847 (+28.3%)	$45,386 (+19.8%)	4.4%	$448.31	+11.7%	COM	594918104
LRCX	LAM RESEARCH CORP	73,320 (+70.0%)	$12,551 (+117.4%)	1.2%	$110.37	+40.8%	COM NEW	512807306
LLY	ELI LILLY & CO	13,199 (+21.2%)	$14,185 (+70.8%)	1.4%	$805.32	+18.7%	COM	532457108
KLAC	KLA CORP	9,331 (+64.8%)	$11,338 (+85.7%)	1.1%	$917.59	+27.7%	COM NEW	482480100
ATO	ATMOS ENERGY CORP	40,361 (+218.8%)	$6,766 (+213.0%)	0.7%	$166.29	+3.6%	COM	049560105
AMAT	APPLIED MATLS INC	36,400 (+52.3%)	$9,354 (+91.2%)	0.9%	$186.01	+28.8%	COM	038222105
WMT	WALMART INC	67,224 (+105.4%)	$7,489 (+122.1%)	0.7%	$102.17	+4.9%	COM	931142103
SLB	SLB LIMITED	186,596 (+93.0%)	$7,162 (+115.5%)	0.7%	$34.96	+3.1%	COM STK	806857108
ADBE	ADOBE INC	28,328 (+63.3%)	$9,915 (+62.0%)	1.0%	$367.41	-7.4%	COM	00724F101
CAT	CATERPILLAR INC	11,832 (+71.0%)	$6,778 (+105.3%)	0.7%	$424.14	+31.0%	COM	149123101
V	VISA INC	51,338 (+19.2%)	$18,005 (+22.5%)	1.8%	$345.81	-1.6%	COM CL A	92826C839
QCOM	QUALCOMM INC	46,100 (+57.9%)	$7,885 (+62.3%)	0.8%	$154.66	+10.4%	COM	747525103
ABT	ABBOTT LABS	32,931 (+252.1%)	$4,126 (+229.4%)	0.4%	$128.24	-0.7%	COM	002824100
ACN	ACCENTURE PLC IRELAND	27,196 (+48.6%)	$7,297 (+61.7%)	0.7%	$286.28	-11.3%	SHS CLASS A	G1151C101
NVDA	NVIDIA CORPORATION	203,905 (+7.5%)	$38,028 (+7.4%)	3.7%	$130.65	+42.5%	COM	67066G104
CMG	CHIPOTLE MEXICAN GRILL INC	178,250 (+74.7%)	$6,595 (+64.9%)	0.6%	$44.59	-18.9%	COM	169656105
NKE	NIKE INC	131,220 (+52.4%)	$8,360 (+39.2%)	0.8%	$61.29	+5.9%	CL B	654106103
ANET	ARISTA NETWORKS INC	50,436 (+55.0%)	$6,609 (+39.4%)	0.6%	$104.67	+31.5%	COM SHS	040413205
JNJ	JOHNSON & JOHNSON	40,059 (+14.3%)	$8,290 (+27.5%)	0.8%	$160.23	+23.0%	COM	478160104
LULU	LULULEMON ATHLETICA INC	16,579 (+69.5%)	$3,445 (+98.0%)	0.3%	$236.78	-23.5%	COM	550021109
LMT	LOCKHEED MARTIN CORP	7,101 (+96.2%)	$3,435 (+90.1%)	0.3%	$467.46	+1.9%	COM	539830109
ULTA	ULTA BEAUTY INC	5,523 (+70.5%)	$3,341 (+88.6%)	0.3%	$469.81	+17.0%	COM	90384S303
GRMN	GARMIN LTD	20,700 (+88.2%)	$4,199 (+55.0%)	0.4%	$205.74	+5.3%	SHS	H2906T109
APP	APPLOVIN CORP	8,752 (+42.7%)	$5,897 (+33.8%)	0.6%	$417.96	+50.8%	COM CL A	03831W108
WSM	WILLIAMS SONOMA INC	19,488 (+71.1%)	$3,480 (+56.4%)	0.3%	$168.81	+10.9%	COM	969904101
MRK	MERCK & CO INC	49,600 (+4.4%)	$5,221 (+31.0%)	0.5%	$79.09	+17.9%	COM	58933Y105
TT	TRANE TECHNOLOGIES PLC	7,052 (+94.8%)	$2,745 (+79.6%)	0.3%	$403.02	+2.6%	SHS	G8994E103
FANG	DIAMONDBACK ENERGY INC	20,300 (+57.4%)	$3,052 (+65.3%)	0.3%	$140.13	+4.9%	COM	25278X109
ITW	ILLINOIS TOOL WKS INC	12,500 (+71.2%)	$3,079 (+61.7%)	0.3%	$241.49	+2.5%	COM	452308109
DECK	DECKERS OUTDOOR CORP	23,700 (+78.2%)	$2,457 (+82.2%)	0.2%	$103.27	-9.2%	COM	243537107
HAL	HALLIBURTON CO	89,400 (+50.3%)	$2,526 (+72.6%)	0.2%	$22.48	+17.0%	COM	406216101
FTNT	FORTINET INC	52,500 (+41.9%)	$4,169 (+34.0%)	0.4%	$95.59	-13.2%	COM	34959E109
CTAS	CINTAS CORP	12,700 (+89.6%)	$2,388 (+73.7%)	0.2%	$201.84	-6.8%	COM	172908105
DHI	D R HORTON INC	32,404 (+49.8%)	$4,667 (+27.3%)	0.5%	$134.66	+12.9%	COM	23331A109
TPL	TEXAS PACIFIC LAND CORPORATI	10,111 (+379.2%)	$2,904 (+47.4%)	0.3%	$326.31	-6.5%	COM	88262P102
DVN	DEVON ENERGY CORP NEW	63,300 (+55.1%)	$2,319 (+62.1%)	0.2%	$32.48	+6.9%	COM	25179M103
PHM	PULTE GROUP INC	24,400 (+59.5%)	$2,861 (+41.5%)	0.3%	$108.49	+12.9%	COM	745867101
MPWR	MONOLITHIC PWR SYS INC	2,544 (+58.2%)	$2,306 (+55.8%)	0.2%	$753.95	+27.4%	COM	609839105
NVR	NVR INC	395 (+53.7%)	$2,881 (+39.5%)	0.3%	$7275.09	+2.8%	COM	62944T105
GWW	WW GRAINGER INC	1,756 (+73.0%)	$1,772 (+83.2%)	0.2%	$1006.05	-3.7%	COM	384802104
CDNS	CADENCE DESIGN SYSTEM INC	10,094 (+50.1%)	$3,155 (+33.6%)	0.3%	$303.45	+7.5%	COM	127387108
ADSK	AUTODESK INC	9,020 (+50.7%)	$2,670 (+40.4%)	0.3%	$290.04	+4.3%	COM	052769106
ADP	AUTOMATIC DATA PROCESSING IN	17,401 (+35.3%)	$4,476 (+18.6%)	0.4%	$292.57	-9.5%	COM	053015103
BBY	BEST BUY INC	26,500 (+76.7%)	$1,774 (+56.4%)	0.2%	$69.77	+8.2%	COM	086516101
IDXX	IDEXX LABS INC	2,112 (+69.2%)	$1,429 (+79.2%)	0.1%	$561.17	+21.4%	COM	45168D104
NEM	NEWMONT CORP	14,282 (+50.6%)	$1,426 (+78.4%)	0.1%	$65.44	+37.8%	COM	651639106
COST	COSTCO WHSL CORP NEW	6,058 (+21.7%)	$5,224 (+13.4%)	0.5%	$975.57	-7.2%	COM	22160K105
ZTS	ZOETIS INC	54,600 (+27.3%)	$6,870 (+9.4%)	0.7%	$150.42	-13.4%	CL A	98978V103
SPG	SIMON PPTY GROUP INC NEW	11,200 (+41.8%)	$2,073 (+39.8%)	0.2%	$160.76	+12.0%	COM	828806109
FAST	FASTENAL CO	40,800 (+90.7%)	$1,637 (+56.0%)	0.2%	$41.02	+2.5%	COM	311900104
MA	MASTERCARD INCORPORATED	43,301 (+2.0%)	$24,720 (+2.4%)	2.4%	$551.61	+1.3%	CL A	57636Q104
PG	PROCTER AND GAMBLE CO	29,600 (+22.3%)	$4,242 (+14.1%)	0.4%	$158.29	-7.0%	COM	742718109
ETN	EATON CORP PLC	20,200 (+27.0%)	$6,434 (+8.1%)	0.6%	$316.86	+11.8%	SHS	G29183103
VRTX	VERTEX PHARMACEUTICALS INC	5,071 (+9.2%)	$2,299 (+26.5%)	0.2%	$442.72	-2.6%	COM	92532F100
UNH	UNITEDHEALTH GROUP INC	24,834 (+9.4%)	$8,198 (+4.6%)	0.8%	$371.69	-9.3%	COM	91324P102
HD	HOME DEPOT INC	7,308 (+36.3%)	$2,515 (+15.8%)	0.2%	$382.61	-4.7%	COM	437076102
EME	EMCOR GROUP INC	1,444 (+70.1%)	$883 (+60.2%)	0.1%	$526.00	+23.1%	COM	29084Q100
ODFL	OLD DOMINION FREIGHT LINE IN	5,000 (+42.9%)	$784 (+59.1%)	0.1%	$154.07	-7.1%	COM	679580100
EXPD	EXPEDITORS INTL WASH INC	3,800 (+65.2%)	$566 (+100.8%)	0.1%	$120.65	+12.4%	COM	302130109
SHW	SHERWIN WILLIAMS CO	1,879 (+97.8%)	$609 (+85.1%)	0.1%	$339.37	-1.5%	COM	824348106
MSI	MOTOROLA SOLUTIONS INC	6,425 (+33.5%)	$2,463 (+11.9%)	0.2%	$412.21	-2.8%	COM NEW	620076307
FUTU	FUTU HLDGS LTD	2,000 (+300.0%)	$328 (+277.7%)	0.0%	$154.06	—	SPON ADS CL A	36118L106
EA	ELECTRONIC ARTS INC	5,200 (+26.8%)	$1,063 (+28.5%)	0.1%	$158.94	+26.9%	COM	285512109
CLS	CELESTICA INC	1,643 (+49.4%)	$486 (+79.4%)	0.0%	$211.38	+42.6%	COM	15101Q207
EW	EDWARDS LIFESCIENCES CORP	7,700 (+35.1%)	$656 (+48.1%)	0.1%	$76.52	+7.2%	COM	28176E108
NFLX	NETFLIX INC	130,900 (+1157.8%)	$12,273 (-1.6%)	1.2%	$108.23	-0.4%	COM	64110L106
MNST	MONSTER BEVERAGE CORP NEW	9,700 (+15.5%)	$744 (+31.5%)	0.1%	$62.52	+14.6%	COM	61174X109
IT	GARTNER INC	3,691 (+27.7%)	$931 (+22.5%)	0.1%	$379.91	-36.6%	COM	366651107
ROL	ROLLINS INC	7,900 (+46.3%)	$474 (+49.5%)	0.0%	$56.64	+3.6%	COM	775711104
CBRE	CBRE GROUP INC	8,200 (+10.8%)	$1,318 (+13.1%)	0.1%	$129.46	+21.5%	CL A	12504L109
CHKP	CHECK POINT SOFTWARE TECH LT	1,200 (+200.0%)	$223 (+169.0%)	0.0%	$202.24	-4.4%	ORD	M22465104
CSGP	COSTAR GROUP INC	12,600 (+7.7%)	$847 (-14.2%)	0.1%	$77.39	-8.5%	COM	22160N109
BLK	BLACKROCK INC	2,867 (+4.6%)	$3,069 (-4.0%)	0.3%	$939.90	+15.9%	COM	09290D101
NOW	SERVICENOW INC	2,776 (+362.7%)	$425 (-23.0%)	0.0%	$174.84	-1.9%	COM	81762P102
LII	LENNOX INTL INC	1,343 (+32.4%)	$652 (+21.5%)	0.1%	$541.23	-7.7%	COM	526107107
PAYX	PAYCHEX INC	9,200 (+26.0%)	$1,032 (+11.5%)	0.1%	$141.13	-17.4%	COM	704326107
LOGI	LOGITECH INTL S A	1,500 (+275.0%)	$150 (+242.7%)	0.0%	$103.76	+8.3%	SHS	H50430232
CME	CME GROUP INC	7,400 (+4.2%)	$2,021 (+5.3%)	0.2%	$268.57	+0.8%	COM	12572Q105
GGG	GRACO INC	4,000 (+48.1%)	$328 (+42.9%)	0.0%	$81.99	-0.1%	COM	384109104
RMD	RESMED INC	2,100 (+40.0%)	$506 (+23.2%)	0.0%	$242.47	+5.3%	COM	761152107
WAT	WATERS CORP	761 (+16.4%)	$289 (+47.4%)	0.0%	$347.20	+6.0%	COM	941848103
CCEP	COCA-COLA EUROPACIFIC PARTNE	1,300 (+225.0%)	$118 (+226.0%)	0.0%	$89.04	+0.7%	SHS	G25839104
PPG	PPG INDS INC	1,700 (+88.9%)	$174 (+84.1%)	0.0%	$103.41	-3.2%	COM	693506107
UTHR	UNITED THERAPEUTICS CORP DEL	586 (+18.4%)	$286 (+37.6%)	0.0%	$324.77	+43.4%	COM	91307C102
PEP	PEPSICO INC	13,547 (+1.5%)	$1,944 (+3.7%)	0.2%	$131.25	+11.2%	COM	713448108
AVY	AVERY DENNISON CORP	600 (+100.0%)	$109 (+124.3%)	0.0%	$172.51	-0.1%	COM	053611109
PKG	PACKAGING CORP AMER	600 (+100.0%)	$124 (+89.3%)	0.0%	$194.07	+4.3%	COM	695156109
EQR	EQUITY RESIDENTIAL	9,900 (+12.5%)	$624 (+9.6%)	0.1%	$65.96	-8.0%	SH BEN INT	29476L107
RACE	FERRARI N V	4,029 (+26.9%)	$1,489 (-3.4%)	0.1%	$457.06	-12.5%	COM	N3167Y103
HIG	HARTFORD INSURANCE GROUP INC	5,500 (+3.8%)	$758 (+7.2%)	0.1%	$123.23	+6.8%	COM	416515104
RPM	RPM INTL INC	900 (+125.0%)	$94 (+98.5%)	0.0%	$109.01	-0.7%	COM	749685103
WST	WEST PHARMACEUTICAL SVSC INC	895 (+12.6%)	$246 (+18.1%)	0.0%	$220.07	+24.2%	COM	955306105
NTAP	NETAPP INC	8,500 (+6.3%)	$910 (-3.9%)	0.1%	$94.69	+20.0%	COM	64110D104
CBOE	CBOE GLOBAL MKTS INC	2,200 (+4.8%)	$552 (+7.2%)	0.1%	$223.43	+11.3%	COM	12503M108
OMC	OMNICOM GROUP INC	3,809 (+11.7%)	$308 (+10.7%)	0.0%	$72.34	+4.7%	COM	681919106
VEEV	VEEVA SYS INC	1,900 (+26.7%)	$424 (-5.1%)	0.0%	$251.65	+5.4%	CL A COM	922475108
AVB	AVALONBAY CMNTYS INC	4,100 (+7.9%)	$743 (+1.3%)	0.1%	$197.63	-9.0%	COM	053484101
PAYC	PAYCOM SOFTWARE INC	1,300 (+30.0%)	$207 (-0.5%)	0.0%	$222.32	-20.4%	COM	70432V102

Exited Positions (24)

SRE SEMPRA 0.4%

Value ($000) $3,671 Shares 40,800 Est. Cost $72.59 Unrealized +24.7%

HDB HDFC BANK LTD 0.3%

Value ($000) $2,796 Shares 81,858 Est. Cost $34.16 Unrealized —

AMT AMERICAN TOWER CORP NEW 0.3%

Value ($000) $2,673 Shares 13,900 Est. Cost $210.37 Unrealized -14.3%

ED CONSOLIDATED EDISON INC 0.2%

Value ($000) $2,221 Shares 22,100 Est. Cost $103.69 Unrealized -4.7%

TSCO TRACTOR SUPPLY CO 0.2%

Value ($000) $1,914 Shares 33,660 Est. Cost $50.58 Unrealized +6.2%

EXE EXPAND ENERGY CORPORATION 0.2%

Value ($000) $1,732 Shares 16,300 Est. Cost $109.10 Unrealized +1.4%

AWK AMERICAN WTR WKS CO INC NEW 0.2%

Value ($000) $1,670 Shares 12,000 Est. Cost $141.16 Unrealized -5.6%

MMM 3M CO 0.2%

Value ($000) $1,598 Shares 10,300 Est. Cost $141.25 Unrealized +15.5%

COF CAPITAL ONE FINL CORP 0.1%

Value ($000) $1,242 Shares 5,843 Est. Cost $185.05 Unrealized +20.1%

T AT&T INC 0.1%

Value ($000) $868 Shares 30,730 Est. Cost $26.96 Unrealized -6.2%

POOL POOL CORP 0.1%

Value ($000) $781 Shares 2,519 Est. Cost $299.22 Unrealized -13.3%

AMGN AMGEN INC 0.1%

Value ($000) $669 Shares 2,370 Est. Cost $286.59 Unrealized +10.2%

WTRG ESSENTIAL UTILS INC 0.1%

Value ($000) $634 Shares 15,900 Est. Cost $38.95 Unrealized +1.0%

XYZ BLOCK INC 0.1%

Value ($000) $578 Shares 8,000 Est. Cost $74.85 Unrealized -7.8%

COIN COINBASE GLOBAL INC 0.1%

Value ($000) $540 Shares 1,599 Est. Cost $233.78 Unrealized +27.5%

LEVI LEVI STRAUSS & CO NEW 0.0%

Value ($000) $494 Shares 21,209 Est. Cost $20.94 Unrealized +2.1%

KKR KKR & CO INC 0.0%

Value ($000) $487 Shares 3,750 Est. Cost $141.65 Unrealized -12.3%

VLTO VERALTO CORP 0.0%

Value ($000) $394 Shares 3,700 Est. Cost $96.15 Unrealized +5.1%

A AGILENT TECHNOLOGIES INC 0.0%

Value ($000) $359 Shares 2,800 Est. Cost $110.36 Unrealized +30.2%

FDS FACTSET RESH SYS INC 0.0%

Value ($000) $227 Shares 791 Est. Cost $434.35 Unrealized -35.5%

ECL ECOLAB INC 0.0%

Value ($000) $219 Shares 800 Est. Cost $252.35 Unrealized +5.3%

AQN ALGONQUIN PWR UTILS CORP 0.0%

Value ($000) $185 Shares 34,500 Est. Cost $5.42 Unrealized +9.5%

AMRZ AMRIZE LTD 0.0%

Value ($000) $131 Shares 2,700 Est. Cost $50.45 Unrealized +1.1%

MOH MOLINA HEALTHCARE INC 0.0%

Value ($000) $111 Shares 579 Est. Cost $314.03 Unrealized -47.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SRE	SEMPRA	40,800	$3,671	0.4%	$72.59	+24.7%	—	816851109
HDB	HDFC BANK LTD	81,858	$2,796	0.3%	$34.16	—	—	40415F101
AMT	AMERICAN TOWER CORP NEW	13,900	$2,673	0.3%	$210.37	-14.3%	—	03027X100
ED	CONSOLIDATED EDISON INC	22,100	$2,221	0.2%	$103.69	-4.7%	—	209115104
TSCO	TRACTOR SUPPLY CO	33,660	$1,914	0.2%	$50.58	+6.2%	—	892356106
EXE	EXPAND ENERGY CORPORATION	16,300	$1,732	0.2%	$109.10	+1.4%	—	165167735
AWK	AMERICAN WTR WKS CO INC NEW	12,000	$1,670	0.2%	$141.16	-5.6%	—	030420103
MMM	3M CO	10,300	$1,598	0.2%	$141.25	+15.5%	—	88579Y101
COF	CAPITAL ONE FINL CORP	5,843	$1,242	0.1%	$185.05	+20.1%	—	14040H105
T	AT&T INC	30,730	$868	0.1%	$26.96	-6.2%	—	00206R102
POOL	POOL CORP	2,519	$781	0.1%	$299.22	-13.3%	—	73278L105
AMGN	AMGEN INC	2,370	$669	0.1%	$286.59	+10.2%	—	031162100
WTRG	ESSENTIAL UTILS INC	15,900	$634	0.1%	$38.95	+1.0%	—	29670G102
XYZ	BLOCK INC	8,000	$578	0.1%	$74.85	-7.8%	—	852234103
COIN	COINBASE GLOBAL INC	1,599	$540	0.1%	$233.78	+27.5%	—	19260Q107
LEVI	LEVI STRAUSS & CO NEW	21,209	$494	0.0%	$20.94	+2.1%	—	52736R102
KKR	KKR & CO INC	3,750	$487	0.0%	$141.65	-12.3%	—	48251W104
VLTO	VERALTO CORP	3,700	$394	0.0%	$96.15	+5.1%	—	92338C103
A	AGILENT TECHNOLOGIES INC	2,800	$359	0.0%	$110.36	+30.2%	—	00846U101
FDS	FACTSET RESH SYS INC	791	$227	0.0%	$434.35	-35.5%	—	303075105
ECL	ECOLAB INC	800	$219	0.0%	$252.35	+5.3%	—	278865100
AQN	ALGONQUIN PWR UTILS CORP	34,500	$185	0.0%	$5.42	+9.5%	—	015857105
AMRZ	AMRIZE LTD	2,700	$131	0.0%	$50.45	+1.1%	—	H2927K103
MOH	MOLINA HEALTHCARE INC	579	$111	0.0%	$314.03	-47.7%	—	60855R100

Decreased Positions (98)

AGG ISHARES TR 2.0%

Value ($000) $20,612 (-73.2%) Shares 206,370 (-73.1%) Est. Cost $99.40 Unrealized —

BND VANGUARD BD INDEX FDS 0.3%

Value ($000) $2,581 (-91.1%) Shares 34,850 (-91.0%) Est. Cost $73.64 Unrealized —

VOO VANGUARD INDEX FDS 2.9%

Value ($000) $29,957 (-32.9%) Shares 47,768 (-34.5%) Est. Cost $571.13 Unrealized —

RY ROYAL BK CDA 0.1%

Value ($000) $658 (-92.5%) Shares 3,858 (-93.5%) Est. Cost $122.31 Unrealized +25.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.0%

Value ($000) $509 (-93.6%) Shares 1,675 (-94.1%) Est. Cost $265.82 Unrealized —

SHOP SHOPIFY INC 0.1%

Value ($000) $533 (-93.0%) Shares 3,310 (-93.5%) Est. Cost $100.02 Unrealized +60.5%

TD TORONTO DOMINION BK ONT 0.0%

Value ($000) $438 (-92.4%) Shares 4,649 (-93.6%) Est. Cost $65.26 Unrealized +29.4%

ENB ENBRIDGE INC 0.0%

Value ($000) $296 (-93.6%) Shares 6,187 (-93.2%) Est. Cost $43.78 Unrealized +7.6%

VWO VANGUARD INTL EQUITY INDEX F 7.5%

Value ($000) $77,409 (-4.7%) Shares 1,439,903 (-4.0%) Est. Cost $51.16 Unrealized —

BMO BANK MONTREAL QUE 0.0%

Value ($000) $268 (-93.2%) Shares 2,064 (-93.2%) Est. Cost $99.39 Unrealized +27.4%

BNS BANK NOVA SCOTIA HALIFAX 0.0%

Value ($000) $261 (-92.3%) Shares 3,536 (-93.2%) Est. Cost $50.16 Unrealized +35.5%

CM CANADIAN IMPERIAL BANK OF CO 0.0%

Value ($000) $236 (-92.5%) Shares 2,597 (-93.4%) Est. Cost $63.73 Unrealized +34.6%

CP CANADIAN PACIFIC KANSAS CITY 0.7%

Value ($000) $6,879 (-28.9%) Shares 93,400 (-28.1%) Est. Cost $76.59 Unrealized -3.9%

CNQ CANADIAN NAT RES LTD 0.0%

Value ($000) $202 (-92.8%) Shares 5,950 (-93.2%) Est. Cost $29.98 Unrealized +8.2%

AEM AGNICO EAGLE MINES LTD 0.1%

Value ($000) $1,364 (-64.7%) Shares 8,040 (-65.0%) Est. Cost $115.22 Unrealized +45.7%

BN BROOKFIELD CORP 0.0%

Value ($000) $282 (-89.8%) Shares 6,140 (-89.8%) Est. Cost $36.92 Unrealized +23.4%

CNI CANADIAN NATL RY CO 0.1%

Value ($000) $1,251 (-64.2%) Shares 12,640 (-65.9%) Est. Cost $100.12 Unrealized -4.0%

TRP TC ENERGY CORP 0.0%

Value ($000) $163 (-93.1%) Shares 2,962 (-93.2%) Est. Cost $48.46 Unrealized +10.1%

AMZN AMAZON COM INC 0.1%

Value ($000) $794 (-72.5%) Shares 3,440 (-73.8%) Est. Cost $200.94 Unrealized +13.9%

WCN WASTE CONNECTIONS INC 0.0%

Value ($000) $125 (-93.4%) Shares 710 (-93.4%) Est. Cost $192.18 Unrealized -10.1%

SU SUNCOR ENERGY INC NEW 0.2%

Value ($000) $1,803 (-49.4%) Shares 40,610 (-52.3%) Est. Cost $36.40 Unrealized +16.1%

GOOGL ALPHABET INC 1.2%

Value ($000) $12,376 (+16.2%) Shares 39,540 (-9.7%) Est. Cost $163.29 Unrealized +74.9%

FERG FERGUSON ENTERPRISES INC 0.4%

Value ($000) $3,845 (-30.6%) Shares 17,271 (-30.0%) Est. Cost $194.80 Unrealized +22.2%

WPM WHEATON PRECIOUS METALS CORP 0.1%

Value ($000) $900 (-63.7%) Shares 7,650 (-65.5%) Est. Cost $84.09 Unrealized +27.3%

B BARRICK MNG CORP 0.1%

Value ($000) $1,112 (-57.0%) Shares 25,530 (-67.7%) Est. Cost $19.29 Unrealized +94.0%

FNV FRANCO NEV CORP 0.1%

Value ($000) $639 (-69.5%) Shares 3,080 (-67.2%) Est. Cost $165.23 Unrealized +22.7%

CCJ CAMECO CORP 0.0%

Value ($000) $112 (-92.7%) Shares 1,220 (-93.3%) Est. Cost $53.26 Unrealized +68.9%

LIN LINDE PLC 0.2%

Value ($000) $1,935 (-41.7%) Shares 4,538 (-35.1%) Est. Cost $466.06 Unrealized -8.3%

WELL WELLTOWER INC 0.1%

Value ($000) $644 (-63.8%) Shares 3,471 (-65.3%) Est. Cost $147.88 Unrealized +26.1%

NTR NUTRIEN LTD 0.0%

Value ($000) $84 (-93.0%) Shares 1,360 (-93.4%) Est. Cost $55.98 Unrealized +5.1%

MFC MANULIFE FINL CORP 0.2%

Value ($000) $1,877 (-35.9%) Shares 51,550 (-45.2%) Est. Cost $30.81 Unrealized +10.2%

UBER UBER TECHNOLOGIES INC 0.1%

Value ($000) $631 (-61.4%) Shares 7,728 (-53.7%) Est. Cost $82.32 Unrealized +9.4%

FTS FORTIS INC 0.0%

Value ($000) $73 (-93.2%) Shares 1,410 (-93.3%) Est. Cost $46.59 Unrealized +9.1%

SNOW SNOWFLAKE INC 0.0%

Value ($000) $285 (-77.5%) Shares 1,299 (-76.9%) Est. Cost $180.80 Unrealized +35.0%

TU TELUS CORPORATION 0.0%

Value ($000) $57 (-94.3%) Shares 4,337 (-93.2%) Est. Cost $15.51 Unrealized -9.2%

PBA PEMBINA PIPELINE CORP 0.0%

Value ($000) $65 (-93.4%) Shares 1,700 (-93.0%) Est. Cost $37.32 Unrealized +3.1%

CACI CACI INTL INC 0.0%

Value ($000) $296 (-75.3%) Shares 555 (-76.9%) Est. Cost $443.01 Unrealized +27.6%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $913 (-49.5%) Shares 6,758 (-53.7%) Est. Cost $81.39 Unrealized +64.1%

APD AIR PRODS & CHEMS INC 0.6%

Value ($000) $6,546 (-11.7%) Shares 26,500 (-2.5%) Est. Cost $268.13 Unrealized -6.1%

BCE BCE INC 0.0%

Value ($000) $64 (-93.1%) Shares 2,664 (-93.2%) Est. Cost $21.05 Unrealized +9.4%

CVE CENOVUS ENERGY INC 0.0%

Value ($000) $68 (-92.6%) Shares 3,990 (-92.6%) Est. Cost $12.88 Unrealized +34.8%

SLF SUN LIFE FINANCIAL INC. 0.1%

Value ($000) $1,040 (-44.6%) Shares 16,660 (-46.7%) Est. Cost $61.32 Unrealized -1.5%

QSR RESTAURANT BRANDS INTL INC 0.0%

Value ($000) $61 (-93.1%) Shares 890 (-93.5%) Est. Cost $66.80 Unrealized +3.2%

KGC KINROSS GOLD CORP 0.1%

Value ($000) $597 (-57.4%) Shares 21,200 (-62.4%) Est. Cost $14.56 Unrealized +78.5%

BABA ALIBABA GROUP HLDG LTD 0.0%

Value ($000) $480 (-62.0%) Shares 3,273 (-53.7%) Est. Cost $139.27 Unrealized —

TECK TECK RESOURCES LTD 0.0%

Value ($000) $61 (-92.5%) Shares 1,280 (-93.1%) Est. Cost $36.12 Unrealized +19.9%

IDU ISHARES TR 0.1%

Value ($000) $591 (-54.8%) Shares 5,451 (-53.7%) Est. Cost $110.90 Unrealized —

SE SEA LTD 0.0%

Value ($000) $347 (-67.0%) Shares 2,717 (-53.7%) Est. Cost $159.94 Unrealized —

GIB CGI INC 0.0%

Value ($000) $188 (-77.7%) Shares 2,033 (-78.4%) Est. Cost $105.05 Unrealized -15.3%

AVGO BROADCOM INC 0.1%

Value ($000) $612 (-51.5%) Shares 1,767 (-53.7%) Est. Cost $215.92 Unrealized +65.3%

TSLA TESLA INC 0.1%

Value ($000) $559 (-53.2%) Shares 1,242 (-53.7%) Est. Cost $301.28 Unrealized +47.1%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $578 (-51.4%) Shares 1,953 (-53.7%) Est. Cost $253.82 Unrealized +17.7%

BIP BROOKFIELD INFRAST PARTNERS 0.0%

Value ($000) $47 (-92.7%) Shares 1,340 (-93.1%) Est. Cost $33.50 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.1%

Value ($000) $749 (-43.1%) Shares 18,378 (-38.6%) Est. Cost $42.49 Unrealized -4.7%

EMA EMERA INC 0.0%

Value ($000) $44 (-92.6%) Shares 900 (-92.8%) Est. Cost $43.35 Unrealized +11.4%

DE DEERE & CO 0.0%

Value ($000) $487 (-52.9%) Shares 1,046 (-53.8%) Est. Cost $484.68 Unrealized -3.5%

MDT MEDTRONIC PLC 0.0%

Value ($000) $470 (-53.3%) Shares 4,895 (-53.7%) Est. Cost $86.08 Unrealized +12.8%

HON HONEYWELL INTL INC 0.0%

Value ($000) $397 (-57.1%) Shares 2,036 (-53.7%) Est. Cost $207.11 Unrealized -5.8%

RCI ROGERS COMMUNICATIONS INC 0.0%

Value ($000) $42 (-92.4%) Shares 1,117 (-93.1%) Est. Cost $26.20 Unrealized +43.0%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $305 (-61.5%) Shares 526 (-53.7%) Est. Cost $641.84 Unrealized -2.6%

IBN ICICI BANK LIMITED 0.0%

Value ($000) $408 (-54.4%) Shares 13,682 (-53.7%) Est. Cost $33.64 Unrealized —

MGA MAGNA INTL INC 0.0%

Value ($000) $43 (-91.9%) Shares 800 (-92.8%) Est. Cost $34.70 Unrealized +40.8%

EXC EXELON CORP 0.0%

Value ($000) $363 (-55.2%) Shares 8,331 (-53.7%) Est. Cost $43.57 Unrealized +4.3%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $426 (-50.6%) Shares 3,540 (-53.7%) Est. Cost $109.70 Unrealized +5.3%

SMIN ISHARES TR 0.0%

Value ($000) $349 (-54.9%) Shares 4,998 (-53.7%) Est. Cost $71.72 Unrealized —

FFIV F5 INC 0.1%

Value ($000) $1,099 (-27.7%) Shares 4,307 (-8.5%) Est. Cost $276.25 Unrealized -2.6%

AZN ASTRAZENECA PLC 0.0%

Value ($000) $502 (-44.6%) Shares 5,465 (-53.7%) Est. Cost $76.72 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $418 (-49.0%) Shares 476 (-53.8%) Est. Cost $734.84 Unrealized +10.7%

ZS ZSCALER INC 0.0%

Value ($000) $206 (-65.3%) Shares 916 (-53.7%) Est. Cost $285.11 Unrealized -1.0%

OTEX OPEN TEXT CORP 0.0%

Value ($000) $23 (-94.4%) Shares 700 (-93.6%) Est. Cost $26.55 Unrealized +33.4%

CRM SALESFORCE INC 0.0%

Value ($000) $407 (-48.3%) Shares 1,535 (-53.7%) Est. Cost $266.04 Unrealized -6.7%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $304 (-54.9%) Shares 1,712 (-53.7%) Est. Cost $117.28 Unrealized +54.4%

CAE CAE INC 0.0%

Value ($000) $27 (-93.1%) Shares 900 (-93.3%) Est. Cost $25.22 Unrealized +11.2%

MELI MERCADOLIBRE INC 0.0%

Value ($000) $211 (-60.5%) Shares 105 (-54.1%) Est. Cost $2335.36 Unrealized -10.1%

GOOG ALPHABET INC 1.3%

Value ($000) $12,835 (+2.5%) Shares 40,902 (-20.5%) Est. Cost $167.00 Unrealized +71.5%

AMP AMERIPRISE FINL INC 0.1%

Value ($000) $932 (-25.0%) Shares 1,900 (-24.8%) Est. Cost $490.23 Unrealized -3.3%

GE GE AEROSPACE 0.0%

Value ($000) $278 (-52.7%) Shares 904 (-53.8%) Est. Cost $272.69 Unrealized +10.3%

GIL GILDAN ACTIVEWEAR INC 0.0%

Value ($000) $34 (-90.2%) Shares 540 (-90.9%) Est. Cost $45.62 Unrealized +30.3%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $712 (-29.7%) Shares 9,005 (-28.9%) Est. Cost $84.64 Unrealized -7.5%

HSBC HSBC HLDGS PLC 0.0%

Value ($000) $311 (-48.7%) Shares 3,954 (-53.7%) Est. Cost $60.79 Unrealized —

AFL AFLAC INC 0.1%

Value ($000) $871 (-25.0%) Shares 7,900 (-24.0%) Est. Cost $103.63 Unrealized +6.0%

FSV FIRSTSERVICE CORP NEW 0.0%

Value ($000) $156 (-62.9%) Shares 1,000 (-54.5%) Est. Cost $172.36 Unrealized -5.8%

MRSH MARSH & MCLENNAN COS INC 0.1%

Value ($000) $1,375 (-15.9%) Shares 7,410 (-8.6%) Est. Cost $223.19 Unrealized -16.5%

EQT EQT CORP 0.0%

Value ($000) $216 (-54.4%) Shares 4,035 (-53.7%) Est. Cost $53.58 Unrealized +4.8%

PSA PUBLIC STORAGE OPER CO 0.1%

Value ($000) $1,246 (-14.0%) Shares 4,802 (-4.3%) Est. Cost $287.46 Unrealized -3.5%

IMO IMPERIAL OIL LTD 0.1%

Value ($000) $684 (-22.4%) Shares 7,920 (-18.5%) Est. Cost $70.25 Unrealized +29.1%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $975 (-16.4%) Shares 16,700 (-4.0%) Est. Cost $68.32 Unrealized -5.1%

BAM BROOKFIELD ASSET MANAGMT LTD 0.1%

Value ($000) $1,074 (-12.7%) Shares 20,500 (-5.1%) Est. Cost $52.57 Unrealized +1.7%

DLTR DOLLAR TREE INC 0.5%

Value ($000) $5,532 (+2.8%) Shares 44,970 (-21.1%) Est. Cost $86.31 Unrealized +24.1%

KO COCA COLA CO 0.4%

Value ($000) $3,717 (+4.2%) Shares 53,173 (-1.1%) Est. Cost $69.73 Unrealized -0.5%

NVO NOVO-NORDISK A S 0.0%

Value ($000) $108 (-57.6%) Shares 2,128 (-53.7%) Est. Cost $55.49 Unrealized —

SFM SPROUTS FMRS MKT INC 0.0%

Value ($000) $285 (-32.2%) Shares 3,577 (-7.5%) Est. Cost $163.39 Unrealized -45.1%

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $1,881 (-6.4%) Shares 5,838 (-8.4%) Est. Cost $252.67 Unrealized +22.5%

AIG AMERICAN INTL GROUP INC 0.1%

Value ($000) $709 (-9.8%) Shares 8,292 (-17.2%) Est. Cost $79.11 Unrealized +0.7%

MCO MOODYS CORP 0.2%

Value ($000) $1,731 (+2.6%) Shares 3,389 (-4.3%) Est. Cost $461.00 Unrealized +5.7%

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $851 (-3.7%) Shares 16,752 (-25.6%) Est. Cost $43.20 Unrealized +0.3%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $637 (+2.2%) Shares 5,186 (-7.6%) Est. Cost $104.39 Unrealized +15.8%

TRV TRAVELERS COMPANIES INC 0.1%

Value ($000) $1,144 (-0.1%) Shares 3,943 (-3.8%) Est. Cost $260.70 Unrealized +7.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	206,370 (-73.1%)	$20,612 (-73.2%)	2.0%	$99.40	—	CORE US AGGBD ET	464287226
BND	VANGUARD BD INDEX FDS	34,850 (-91.0%)	$2,581 (-91.1%)	0.3%	$73.64	—	TOTAL BND MRKT	921937835
VOO	VANGUARD INDEX FDS	47,768 (-34.5%)	$29,957 (-32.9%)	2.9%	$571.13	—	S&P 500 ETF SHS	922908363
RY	ROYAL BK CDA	3,858 (-93.5%)	$658 (-92.5%)	0.1%	$122.31	+25.6%	COM	780087102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,675 (-94.1%)	$509 (-93.6%)	0.0%	$265.82	—	SPONSORED ADS	874039100
SHOP	SHOPIFY INC	3,310 (-93.5%)	$533 (-93.0%)	0.1%	$100.02	+60.5%	CL A SUB VTG SHS	82509L107
TD	TORONTO DOMINION BK ONT	4,649 (-93.6%)	$438 (-92.4%)	0.0%	$65.26	+29.4%	COM NEW	891160509
ENB	ENBRIDGE INC	6,187 (-93.2%)	$296 (-93.6%)	0.0%	$43.78	+7.6%	COM	29250N105
VWO	VANGUARD INTL EQUITY INDEX F	1,439,903 (-4.0%)	$77,409 (-4.7%)	7.5%	$51.16	—	FTSE EMR MKT ETF	922042858
BMO	BANK MONTREAL QUE	2,064 (-93.2%)	$268 (-93.2%)	0.0%	$99.39	+27.4%	COM	063671101
BNS	BANK NOVA SCOTIA HALIFAX	3,536 (-93.2%)	$261 (-92.3%)	0.0%	$50.16	+35.5%	COM	064149107
CM	CANADIAN IMPERIAL BANK OF CO	2,597 (-93.4%)	$236 (-92.5%)	0.0%	$63.73	+34.6%	COM	136069101
CP	CANADIAN PACIFIC KANSAS CITY	93,400 (-28.1%)	$6,879 (-28.9%)	0.7%	$76.59	-3.9%	COM	13646K108
CNQ	CANADIAN NAT RES LTD	5,950 (-93.2%)	$202 (-92.8%)	0.0%	$29.98	+8.2%	COM	136385101
AEM	AGNICO EAGLE MINES LTD	8,040 (-65.0%)	$1,364 (-64.7%)	0.1%	$115.22	+45.7%	COM	008474108
BN	BROOKFIELD CORP	6,140 (-89.8%)	$282 (-89.8%)	0.0%	$36.92	+23.4%	CL A LTD VT SH	11271J107
CNI	CANADIAN NATL RY CO	12,640 (-65.9%)	$1,251 (-64.2%)	0.1%	$100.12	-4.0%	COM	136375102
TRP	TC ENERGY CORP	2,962 (-93.2%)	$163 (-93.1%)	0.0%	$48.46	+10.1%	COM	87807B107
AMZN	AMAZON COM INC	3,440 (-73.8%)	$794 (-72.5%)	0.1%	$200.94	+13.9%	COM	023135106
WCN	WASTE CONNECTIONS INC	710 (-93.4%)	$125 (-93.4%)	0.0%	$192.18	-10.1%	COM	94106B101
SU	SUNCOR ENERGY INC NEW	40,610 (-52.3%)	$1,803 (-49.4%)	0.2%	$36.40	+16.1%	COM	867224107
GOOGL	ALPHABET INC	39,540 (-9.7%)	$12,376 (+16.2%)	1.2%	$163.29	+74.9%	CAP STK CL A	02079K305
FERG	FERGUSON ENTERPRISES INC	17,271 (-30.0%)	$3,845 (-30.6%)	0.4%	$194.80	+22.2%	COMMON STOCK NEW	31488V107
WPM	WHEATON PRECIOUS METALS CORP	7,650 (-65.5%)	$900 (-63.7%)	0.1%	$84.09	+27.3%	COM	962879102
B	BARRICK MNG CORP	25,530 (-67.7%)	$1,112 (-57.0%)	0.1%	$19.29	+94.0%	COM SHS	06849F108
FNV	FRANCO NEV CORP	3,080 (-67.2%)	$639 (-69.5%)	0.1%	$165.23	+22.7%	COM	351858105
CCJ	CAMECO CORP	1,220 (-93.3%)	$112 (-92.7%)	0.0%	$53.26	+68.9%	COM	13321L108
LIN	LINDE PLC	4,538 (-35.1%)	$1,935 (-41.7%)	0.2%	$466.06	-8.3%	SHS	G54950103
WELL	WELLTOWER INC	3,471 (-65.3%)	$644 (-63.8%)	0.1%	$147.88	+26.1%	COM	95040Q104
NTR	NUTRIEN LTD	1,360 (-93.4%)	$84 (-93.0%)	0.0%	$55.98	+5.1%	COM	67077M108
MFC	MANULIFE FINL CORP	51,550 (-45.2%)	$1,877 (-35.9%)	0.2%	$30.81	+10.2%	COM	56501R106
UBER	UBER TECHNOLOGIES INC	7,728 (-53.7%)	$631 (-61.4%)	0.1%	$82.32	+9.4%	COM	90353T100
FTS	FORTIS INC	1,410 (-93.3%)	$73 (-93.2%)	0.0%	$46.59	+9.1%	COM	349553107
SNOW	SNOWFLAKE INC	1,299 (-76.9%)	$285 (-77.5%)	0.0%	$180.80	+35.0%	COM SHS	833445109
TU	TELUS CORPORATION	4,337 (-93.2%)	$57 (-94.3%)	0.0%	$15.51	-9.2%	COM	87971M103
PBA	PEMBINA PIPELINE CORP	1,700 (-93.0%)	$65 (-93.4%)	0.0%	$37.32	+3.1%	COM	706327103
CACI	CACI INTL INC	555 (-76.9%)	$296 (-75.3%)	0.0%	$443.01	+27.6%	CL A	127190304
APH	AMPHENOL CORP NEW	6,758 (-53.7%)	$913 (-49.5%)	0.1%	$81.39	+64.1%	CL A	032095101
APD	AIR PRODS & CHEMS INC	26,500 (-2.5%)	$6,546 (-11.7%)	0.6%	$268.13	-6.1%	COM	009158106
BCE	BCE INC	2,664 (-93.2%)	$64 (-93.1%)	0.0%	$21.05	+9.4%	COM NEW	05534B760
CVE	CENOVUS ENERGY INC	3,990 (-92.6%)	$68 (-92.6%)	0.0%	$12.88	+34.8%	COM	15135U109
SLF	SUN LIFE FINANCIAL INC.	16,660 (-46.7%)	$1,040 (-44.6%)	0.1%	$61.32	-1.5%	COM	866796105
QSR	RESTAURANT BRANDS INTL INC	890 (-93.5%)	$61 (-93.1%)	0.0%	$66.80	+3.2%	COM	76131D103
KGC	KINROSS GOLD CORP	21,200 (-62.4%)	$597 (-57.4%)	0.1%	$14.56	+78.5%	COM	496902404
BABA	ALIBABA GROUP HLDG LTD	3,273 (-53.7%)	$480 (-62.0%)	0.0%	$139.27	—	SPONSORED ADS	01609W102
TECK	TECK RESOURCES LTD	1,280 (-93.1%)	$61 (-92.5%)	0.0%	$36.12	+19.9%	CL B	878742204
IDU	ISHARES TR	5,451 (-53.7%)	$591 (-54.8%)	0.1%	$110.90	—	U.S. UTILITS ETF	464287697
SE	SEA LTD	2,717 (-53.7%)	$347 (-67.0%)	0.0%	$159.94	—	SPONSORD ADS	81141R100
GIB	CGI INC	2,033 (-78.4%)	$188 (-77.7%)	0.0%	$105.05	-15.3%	CL A SUB VTG	12532H104
AVGO	BROADCOM INC	1,767 (-53.7%)	$612 (-51.5%)	0.1%	$215.92	+65.3%	COM	11135F101
TSLA	TESLA INC	1,242 (-53.7%)	$559 (-53.2%)	0.1%	$301.28	+47.1%	COM	88160R101
IBM	INTERNATIONAL BUSINESS MACHS	1,953 (-53.7%)	$578 (-51.4%)	0.1%	$253.82	+17.7%	COM	459200101
BIP	BROOKFIELD INFRAST PARTNERS	1,340 (-93.1%)	$47 (-92.7%)	0.0%	$33.50	—	LP INT UNIT	G16252101
VZ	VERIZON COMMUNICATIONS INC	18,378 (-38.6%)	$749 (-43.1%)	0.1%	$42.49	-4.7%	COM	92343V104
EMA	EMERA INC	900 (-92.8%)	$44 (-92.6%)	0.0%	$43.35	+11.4%	COM	290876101
DE	DEERE & CO	1,046 (-53.8%)	$487 (-52.9%)	0.0%	$484.68	-3.5%	COM	244199105
MDT	MEDTRONIC PLC	4,895 (-53.7%)	$470 (-53.3%)	0.0%	$86.08	+12.8%	SHS	G5960L103
HON	HONEYWELL INTL INC	2,036 (-53.7%)	$397 (-57.1%)	0.0%	$207.11	-5.8%	COM	438516106
RCI	ROGERS COMMUNICATIONS INC	1,117 (-93.1%)	$42 (-92.4%)	0.0%	$26.20	+43.0%	CL B	775109200
SPOT	SPOTIFY TECHNOLOGY S A	526 (-53.7%)	$305 (-61.5%)	0.0%	$641.84	-2.6%	SHS	L8681T102
IBN	ICICI BANK LIMITED	13,682 (-53.7%)	$408 (-54.4%)	0.0%	$33.64	—	ADR	45104G104
MGA	MAGNA INTL INC	800 (-92.8%)	$43 (-91.9%)	0.0%	$34.70	+40.8%	COM	559222401
EXC	EXELON CORP	8,331 (-53.7%)	$363 (-55.2%)	0.0%	$43.57	+4.3%	COM	30161N101
XOM	EXXON MOBIL CORP	3,540 (-53.7%)	$426 (-50.6%)	0.0%	$109.70	+5.3%	COM	30231G102
SMIN	ISHARES TR	4,998 (-53.7%)	$349 (-54.9%)	0.0%	$71.72	—	MSCI INDIA SM CP	46429B614
FFIV	F5 INC	4,307 (-8.5%)	$1,099 (-27.7%)	0.1%	$276.25	-2.6%	COM	315616102
AZN	ASTRAZENECA PLC	5,465 (-53.7%)	$502 (-44.6%)	0.0%	$76.72	—	SPONSORED ADR	046353108
GS	GOLDMAN SACHS GROUP INC	476 (-53.8%)	$418 (-49.0%)	0.0%	$734.84	+10.7%	COM	38141G104
ZS	ZSCALER INC	916 (-53.7%)	$206 (-65.3%)	0.0%	$285.11	-1.0%	COM	98980G102
OTEX	OPEN TEXT CORP	700 (-93.6%)	$23 (-94.4%)	0.0%	$26.55	+33.4%	COM	683715106
CRM	SALESFORCE INC	1,535 (-53.7%)	$407 (-48.3%)	0.0%	$266.04	-6.7%	COM	79466L302
PLTR	PALANTIR TECHNOLOGIES INC	1,712 (-53.7%)	$304 (-54.9%)	0.0%	$117.28	+54.4%	CL A	69608A108
CAE	CAE INC	900 (-93.3%)	$27 (-93.1%)	0.0%	$25.22	+11.2%	COM	124765108
MELI	MERCADOLIBRE INC	105 (-54.1%)	$211 (-60.5%)	0.0%	$2335.36	-10.1%	COM	58733R102
GOOG	ALPHABET INC	40,902 (-20.5%)	$12,835 (+2.5%)	1.3%	$167.00	+71.5%	CAP STK CL C	02079K107
AMP	AMERIPRISE FINL INC	1,900 (-24.8%)	$932 (-25.0%)	0.1%	$490.23	-3.3%	COM	03076C106
GE	GE AEROSPACE	904 (-53.8%)	$278 (-52.7%)	0.0%	$272.69	+10.3%	COM NEW	369604301
GIL	GILDAN ACTIVEWEAR INC	540 (-90.9%)	$34 (-90.2%)	0.0%	$45.62	+30.3%	COM	375916103
CL	COLGATE PALMOLIVE CO	9,005 (-28.9%)	$712 (-29.7%)	0.1%	$84.64	-7.5%	COM	194162103
HSBC	HSBC HLDGS PLC	3,954 (-53.7%)	$311 (-48.7%)	0.0%	$60.79	—	SPON ADR NEW	404280406
AFL	AFLAC INC	7,900 (-24.0%)	$871 (-25.0%)	0.1%	$103.63	+6.0%	COM	001055102
FSV	FIRSTSERVICE CORP NEW	1,000 (-54.5%)	$156 (-62.9%)	0.0%	$172.36	-5.8%	COM	33767E202
MRSH	MARSH & MCLENNAN COS INC	7,410 (-8.6%)	$1,375 (-15.9%)	0.1%	$223.19	-16.5%	COM	571748102
EQT	EQT CORP	4,035 (-53.7%)	$216 (-54.4%)	0.0%	$53.58	+4.8%	COM	26884L109
PSA	PUBLIC STORAGE OPER CO	4,802 (-4.3%)	$1,246 (-14.0%)	0.1%	$287.46	-3.5%	COM	74460D109
IMO	IMPERIAL OIL LTD	7,920 (-18.5%)	$684 (-22.4%)	0.1%	$70.25	+29.1%	COM NEW	453038408
PYPL	PAYPAL HLDGS INC	16,700 (-4.0%)	$975 (-16.4%)	0.1%	$68.32	-5.1%	COM	70450Y103
BAM	BROOKFIELD ASSET MANAGMT LTD	20,500 (-5.1%)	$1,074 (-12.7%)	0.1%	$52.57	+1.7%	CL A LMT VTG SHS	113004105
DLTR	DOLLAR TREE INC	44,970 (-21.1%)	$5,532 (+2.8%)	0.5%	$86.31	+24.1%	COM	256746108
KO	COCA COLA CO	53,173 (-1.1%)	$3,717 (+4.2%)	0.4%	$69.73	-0.5%	COM	191216100
NVO	NOVO-NORDISK A S	2,128 (-53.7%)	$108 (-57.6%)	0.0%	$55.49	—	ADR	670100205
SFM	SPROUTS FMRS MKT INC	3,577 (-7.5%)	$285 (-32.2%)	0.0%	$163.39	-45.1%	COM	85208M102
JPM	JPMORGAN CHASE & CO.	5,838 (-8.4%)	$1,881 (-6.4%)	0.2%	$252.67	+22.5%	COM	46625H100
AIG	AMERICAN INTL GROUP INC	8,292 (-17.2%)	$709 (-9.8%)	0.1%	$79.11	+0.7%	COM NEW	026874784
MCO	MOODYS CORP	3,389 (-4.3%)	$1,731 (+2.6%)	0.2%	$461.00	+5.7%	COM	615369105
FCX	FREEPORT-MCMORAN INC	16,752 (-25.6%)	$851 (-3.7%)	0.1%	$43.20	+0.3%	CL B	35671D857
GILD	GILEAD SCIENCES INC	5,186 (-7.6%)	$637 (+2.2%)	0.1%	$104.39	+15.8%	COM	375558103
TRV	TRAVELERS COMPANIES INC	3,943 (-3.8%)	$1,144 (-0.1%)	0.1%	$260.70	+7.6%	COM	89417E109

Unchanged Positions (16)

TMO THERMO FISHER SCIENTIFIC INC 1.0%

Value ($000) $9,851 Shares 17,000 Est. Cost $417.06 Unrealized +35.5%

PH PARKER-HANNIFIN CORP 0.7%

Value ($000) $7,093 Shares 8,070 Est. Cost $628.26 Unrealized +30.2%

TXN TEXAS INSTRS INC 0.8%

Value ($000) $8,328 Shares 48,000 Est. Cost $174.27 Unrealized -2.0%

VEA VANGUARD TAX-MANAGED FDS 0.7%

Value ($000) $7,108 Shares 113,781 Est. Cost $57.01 Unrealized —

SCI SERVICE CORP INTL 0.2%

Value ($000) $2,144 Shares 27,500 Est. Cost $78.07 Unrealized +2.5%

DB DEUTSCHE BANK A G 0.1%

Value ($000) $1,538 Shares 39,890 Est. Cost $26.01 Unrealized +38.8%

JKHY HENRY JACK & ASSOC INC 0.0%

Value ($000) $310 Shares 1,700 Est. Cost $175.99 Unrealized -5.5%

RJF RAYMOND JAMES FINL INC 0.1%

Value ($000) $578 Shares 3,600 Est. Cost $141.83 Unrealized +13.5%

WRB BERKLEY W R CORP 0.0%

Value ($000) $393 Shares 5,600 Est. Cost $69.95 Unrealized +4.0%

ACGL ARCH CAP GROUP LTD 0.1%

Value ($000) $633 Shares 6,600 Est. Cost $92.27 Unrealized -0.8%

ERIE ERIE INDTY CO 0.0%

Value ($000) $189 Shares 658 Est. Cost $367.79 Unrealized -18.9%

AFG AMERICAN FINL GROUP INC OHIO 0.0%

Value ($000) $178 Shares 1,300 Est. Cost $119.49 Unrealized +11.8%

HSY HERSHEY CO 0.0%

Value ($000) $309 Shares 1,700 Est. Cost $161.62 Unrealized +12.7%

TW TRADEWEB MKTS INC 0.0%

Value ($000) $237 Shares 2,200 Est. Cost $139.53 Unrealized -23.1%

BF/B BROWN FORMAN CORP 0.0%

Value ($000) $44 Shares 1,700 Est. Cost $31.40 Unrealized -10.9%

TROW PRICE T ROWE GROUP INC 0.0%

Value ($000) $481 Shares 4,700 Est. Cost $88.64 Unrealized +15.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	17,000	$9,851	1.0%	$417.06	+35.5%	COM	883556102
PH	PARKER-HANNIFIN CORP	8,070	$7,093	0.7%	$628.26	+30.2%	COM	701094104
TXN	TEXAS INSTRS INC	48,000	$8,328	0.8%	$174.27	-2.0%	COM	882508104
VEA	VANGUARD TAX-MANAGED FDS	113,781	$7,108	0.7%	$57.01	—	VAN FTSE DEV MKT	921943858
SCI	SERVICE CORP INTL	27,500	$2,144	0.2%	$78.07	+2.5%	COM	817565104
DB	DEUTSCHE BANK A G	39,890	$1,538	0.1%	$26.01	+38.8%	NAMEN AKT	D18190898
JKHY	HENRY JACK & ASSOC INC	1,700	$310	0.0%	$175.99	-5.5%	COM	426281101
RJF	RAYMOND JAMES FINL INC	3,600	$578	0.1%	$141.83	+13.5%	COM	754730109
WRB	BERKLEY W R CORP	5,600	$393	0.0%	$69.95	+4.0%	COM	084423102
ACGL	ARCH CAP GROUP LTD	6,600	$633	0.1%	$92.27	-0.8%	ORD	G0450A105
ERIE	ERIE INDTY CO	658	$189	0.0%	$367.79	-18.9%	CL A	29530P102
AFG	AMERICAN FINL GROUP INC OHIO	1,300	$178	0.0%	$119.49	+11.8%	COM	025932104
HSY	HERSHEY CO	1,700	$309	0.0%	$161.62	+12.7%	COM	427866108
TW	TRADEWEB MKTS INC	2,200	$237	0.0%	$139.53	-23.1%	CL A	892672106
BF/B	BROWN FORMAN CORP	1,700	$44	0.0%	$31.40	-10.9%	CL B	115637209
TROW	PRICE T ROWE GROUP INC	4,700	$481	0.0%	$88.64	+15.3%	COM	74144T108