Greenfield Seitz Capital Management, LLC Diversified Active

CIK: 0002097528 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $304,777 (100.0% shares, 0.0% debt)

Holdings (108)

New Positions (5)

STAA STAAR SURGICAL CO 2.2%

Value ($000) $6,652 Shares 288,086 Est. Cost $25.77 Unrealized 0.0%

SLI STANDARD LITHIUM LTD 0.1%

Value ($000) $262 Shares 58,700 Est. Cost $4.24 Unrealized 0.0%

BAX BAXTER INTL INC 0.1%

Value ($000) $248 Shares 12,996 Est. Cost $20.00 Unrealized 0.0%

DAL DELTA AIR LINES INC DEL 0.1%

Value ($000) $208 Shares 3,000 Est. Cost $62.45 Unrealized 0.0%

TMO THERMO FISHER SCIENTIFIC 0.1%

Value ($000) $203 Shares 350 Est. Cost $565.16 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STAA	STAAR SURGICAL CO	288,086	$6,652	2.2%	$25.77	0.0%	COM PAR $0.01	852312305
SLI	STANDARD LITHIUM LTD	58,700	$262	0.1%	$4.24	0.0%	COM	853606101
BAX	BAXTER INTL INC	12,996	$248	0.1%	$20.00	0.0%	COM	071813109
DAL	DELTA AIR LINES INC DEL	3,000	$208	0.1%	$62.45	0.0%	COM NEW	247361702
TMO	THERMO FISHER SCIENTIFIC	350	$203	0.1%	$565.16	0.0%	COM	883556102

Increased Positions (19)

AR ANTERO RESOURCES CORP 1.7%

Value ($000) $5,207 (+2443.4%) Shares 151,095 (+2377.0%) Est. Cost $33.84 Unrealized +0.1%

HIMS HIMS & HERS HEALTH INC 2.4%

Value ($000) $7,329 (-29.0%) Shares 225,702 (+24.1%) Est. Cost $22.45 Unrealized +90.8%

FAST FASTENAL CO 1.7%

Value ($000) $5,057 (-17.2%) Shares 126,027 (+1.2%) Est. Cost $34.48 Unrealized +21.9%

OKE ONEOK INC NEW 1.3%

Value ($000) $3,869 (+32.7%) Shares 52,636 (+31.8%) Est. Cost $81.87 Unrealized -13.9%

UBER UBER TECHNOLOGIES INC 1.9%

Value ($000) $5,640 (-6.7%) Shares 69,025 (+11.8%) Est. Cost $73.95 Unrealized +21.8%

ADBE ADOBE INC 1.5%

Value ($000) $4,630 (+9.1%) Shares 13,228 (+9.9%) Est. Cost $439.15 Unrealized -22.6%

CGNX COGNEX CORP 0.5%

Value ($000) $1,484 (-18.4%) Shares 41,248 (+2.8%) Est. Cost $37.69 Unrealized +7.3%

NVO NOVO-NORDISK A S 1.7%

Value ($000) $5,107 (-5.1%) Shares 100,378 (+3.5%) Est. Cost $90.80 Unrealized —

LULU LULULEMON ATHLETICA INC 0.4%

Value ($000) $1,333 (+21.2%) Shares 6,415 (+3.7%) Est. Cost $266.08 Unrealized -31.9%

ANET ARISTA NETWORKS INC 1.0%

Value ($000) $3,022 (-6.8%) Shares 23,066 (+3.6%) Est. Cost $101.05 Unrealized +36.2%

LIN LINDE PLC 1.1%

Value ($000) $3,253 (-5.6%) Shares 7,628 (+5.1%) Est. Cost $394.42 Unrealized +8.3%

AAPL APPLE INC 0.5%

Value ($000) $1,439 (+10.6%) Shares 5,292 (+3.6%) Est. Cost $188.69 Unrealized +42.2%

FHN FIRST HORIZON CORPORATION 0.5%

Value ($000) $1,385 (+8.3%) Shares 57,941 (+2.4%) Est. Cost $12.58 Unrealized +76.3%

MBLY MOBILEYE GLOBAL INC 0.1%

Value ($000) $281 (-22.0%) Shares 26,939 (+5.5%) Est. Cost $35.53 Unrealized -64.9%

URI UNITED RENTALS INC 0.1%

Value ($000) $445 (-13.0%) Shares 550 (+2.6%) Est. Cost $690.37 Unrealized +25.6%

CSL CARLISLE COS INC 1.6%

Value ($000) $4,810 (-1.3%) Shares 15,037 (+1.5%) Est. Cost $274.32 Unrealized +17.6%

TPL TEXAS PACIFIC LAND 0.1%

Value ($000) $400 (-7.7%) Shares 1,392 (+200.0%) Est. Cost $261.06 Unrealized +16.8%

OVV OVINTIV INC 0.2%

Value ($000) $646 (+5.2%) Shares 16,475 (+8.4%) Est. Cost $44.99 Unrealized -13.8%

SYK STRYKER CORPORATION 0.3%

Value ($000) $1,042 (+3.0%) Shares 2,966 (+8.3%) Est. Cost $290.71 Unrealized +25.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AR	ANTERO RESOURCES CORP	151,095 (+2377.0%)	$5,207 (+2443.4%)	1.7%	$33.84	+0.1%	COM	03674X106
HIMS	HIMS & HERS HEALTH INC	225,702 (+24.1%)	$7,329 (-29.0%)	2.4%	$22.45	+90.8%	COM CL A	433000106
FAST	FASTENAL CO	126,027 (+1.2%)	$5,057 (-17.2%)	1.7%	$34.48	+21.9%	COM	311900104
OKE	ONEOK INC NEW	52,636 (+31.8%)	$3,869 (+32.7%)	1.3%	$81.87	-13.9%	COM	682680103
UBER	UBER TECHNOLOGIES INC	69,025 (+11.8%)	$5,640 (-6.7%)	1.9%	$73.95	+21.8%	COM	90353T100
ADBE	ADOBE INC	13,228 (+9.9%)	$4,630 (+9.1%)	1.5%	$439.15	-22.6%	COM	00724F101
CGNX	COGNEX CORP	41,248 (+2.8%)	$1,484 (-18.4%)	0.5%	$37.69	+7.3%	COM	192422103
NVO	NOVO-NORDISK A S	100,378 (+3.5%)	$5,107 (-5.1%)	1.7%	$90.80	—	ADR	670100205
LULU	LULULEMON ATHLETICA INC	6,415 (+3.7%)	$1,333 (+21.2%)	0.4%	$266.08	-31.9%	COM	550021109
ANET	ARISTA NETWORKS INC	23,066 (+3.6%)	$3,022 (-6.8%)	1.0%	$101.05	+36.2%	COM SHS	040413205
LIN	LINDE PLC	7,628 (+5.1%)	$3,253 (-5.6%)	1.1%	$394.42	+8.3%	SHS	G54950103
AAPL	APPLE INC	5,292 (+3.6%)	$1,439 (+10.6%)	0.5%	$188.69	+42.2%	COM	037833100
FHN	FIRST HORIZON CORPORATION	57,941 (+2.4%)	$1,385 (+8.3%)	0.5%	$12.58	+76.3%	COM	320517105
MBLY	MOBILEYE GLOBAL INC	26,939 (+5.5%)	$281 (-22.0%)	0.1%	$35.53	-64.9%	COMMON CLASS A	60741F104
URI	UNITED RENTALS INC	550 (+2.6%)	$445 (-13.0%)	0.1%	$690.37	+25.6%	COM	911363109
CSL	CARLISLE COS INC	15,037 (+1.5%)	$4,810 (-1.3%)	1.6%	$274.32	+17.6%	COM	142339100
TPL	TEXAS PACIFIC LAND	1,392 (+200.0%)	$400 (-7.7%)	0.1%	$261.06	+16.8%	COM	88262P102
OVV	OVINTIV INC	16,475 (+8.4%)	$646 (+5.2%)	0.2%	$44.99	-13.8%	COM	69047Q102
SYK	STRYKER CORPORATION	2,966 (+8.3%)	$1,042 (+3.0%)	0.3%	$290.71	+25.0%	COM	863667101

Exited Positions (5)

SWKS SKYWORKS SOLUTIONS INC 0.1%

Value ($000) $255 Shares 3,311 Est. Cost $90.94 Unrealized -23.6%

DE DEERE & CO 0.1%

Value ($000) $218 Shares 477 Est. Cost $413.99 Unrealized +13.0%

SO SOUTHERN CO 0.1%

Value ($000) $215 Shares 2,270 Est. Cost $84.13 Unrealized +8.0%

SCHP SCHWAB STRATEGIC TR 0.1%

Value ($000) $210 Shares 7,800 Est. Cost $37.26 Unrealized —

AZO AUTOZONE INC 0.1%

Value ($000) $206 Shares 48 Est. Cost $4011.66 Unrealized -5.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SWKS	SKYWORKS SOLUTIONS INC	3,311	$255	0.1%	$90.94	-23.6%	—	83088M102
DE	DEERE & CO	477	$218	0.1%	$413.99	+13.0%	—	244199105
SO	SOUTHERN CO	2,270	$215	0.1%	$84.13	+8.0%	—	842587107
SCHP	SCHWAB STRATEGIC TR	7,800	$210	0.1%	$37.26	—	—	808524870
AZO	AUTOZONE INC	48	$206	0.1%	$4011.66	-5.8%	—	053332102

Decreased Positions (42)

BIL SPDR SERIES TRUST 2.7%

Value ($000) $8,304 (-40.5%) Shares 90,878 (-40.3%) Est. Cost $91.65 Unrealized —

DXCM DEXCOM INC 0.5%

Value ($000) $1,584 (-63.3%) Shares 23,864 (-62.8%) Est. Cost $100.16 Unrealized -35.5%

URNM SPROTT FDS TR 2.0%

Value ($000) $6,175 (-20.4%) Shares 112,502 (-12.4%) Est. Cost $45.34 Unrealized —

B BARRICK MNG CORP 3.9%

Value ($000) $11,875 (+10.1%) Shares 272,669 (-17.1%) Est. Cost $25.15 Unrealized +48.8%

RJF RAYMOND JAMES FINL INC 2.6%

Value ($000) $7,987 (-8.0%) Shares 49,733 (-1.1%) Est. Cost $100.30 Unrealized +60.5%

SN SHARKNINJA INC 0.1%

Value ($000) $409 (-61.7%) Shares 3,655 (-64.7%) Est. Cost $99.03 Unrealized -0.5%

TM TOYOTA MOTOR CORP 0.8%

Value ($000) $2,512 (-16.8%) Shares 11,733 (-25.7%) Est. Cost $188.22 Unrealized —

REGN REGENERON PHARMACEUTICALS 0.8%

Value ($000) $2,287 (+24.8%) Shares 2,963 (-9.1%) Est. Cost $795.97 Unrealized -14.7%

LUV SOUTHWEST AIRLS CO 0.7%

Value ($000) $2,042 (+24.1%) Shares 49,400 (-4.2%) Est. Cost $24.85 Unrealized +40.0%

CVE CENOVUS ENERGY INC 7.3%

Value ($000) $22,374 (-1.7%) Shares 1,322,329 (-1.3%) Est. Cost $17.00 Unrealized +2.2%

PHYS SPROTT ASSET MANAGEMENT LP 1.7%

Value ($000) $5,092 (+7.6%) Shares 154,220 (-3.5%) Est. Cost $16.37 Unrealized —

GNTX GENTEX CORP 0.5%

Value ($000) $1,384 (-19.0%) Shares 59,468 (-1.4%) Est. Cost $30.89 Unrealized -22.0%

ASML ASML HOLDING N V 0.8%

Value ($000) $2,482 (-10.9%) Shares 2,320 (-19.4%) Est. Cost $968.09 Unrealized —

NVS NOVARTIS AG 1.6%

Value ($000) $4,808 (+5.8%) Shares 34,875 (-1.6%) Est. Cost $100.92 Unrealized —

MCHP MICROCHIP TECHNOLOGY INC. 2.0%

Value ($000) $6,067 (-3.2%) Shares 95,214 (-2.4%) Est. Cost $76.83 Unrealized -20.1%

KMI KINDER MORGAN INC DEL 1.5%

Value ($000) $4,645 (-4.0%) Shares 168,978 (-1.1%) Est. Cost $15.34 Unrealized +75.4%

OZK BANK OZK LITTLE ROCK ARK 0.5%

Value ($000) $1,437 (-11.1%) Shares 31,219 (-1.5%) Est. Cost $37.83 Unrealized +22.3%

TD TORONTO DOMINION BK ONT 0.5%

Value ($000) $1,549 (+12.5%) Shares 16,442 (-4.5%) Est. Cost $60.19 Unrealized +40.3%

NVDA NVIDIA CORPORATION 4.7%

Value ($000) $14,456 (-1.2%) Shares 77,510 (-1.1%) Est. Cost $96.74 Unrealized +92.4%

NEM NEWMONT CORP 1.1%

Value ($000) $3,376 (+5.1%) Shares 33,809 (-11.2%) Est. Cost $37.52 Unrealized +140.4%

PSLV SPROTT ASSET MANAGEMENT LP 0.3%

Value ($000) $894 (+21.7%) Shares 37,800 (-19.2%) Est. Cost $11.08 Unrealized —

WOOF PETCO HEALTH & WELLNESS CO 0.0%

Value ($000) $79 (-66.1%) Shares 28,000 (-53.3%) Est. Cost $4.06 Unrealized -20.3%

SU SUNCOR ENERGY INC NEW 2.9%

Value ($000) $8,950 (+1.6%) Shares 201,755 (-4.2%) Est. Cost $30.35 Unrealized +39.3%

WY WEYERHAEUSER CO MTN BE 0.2%

Value ($000) $627 (-18.2%) Shares 26,454 (-14.4%) Est. Cost $29.16 Unrealized -21.1%

NXE NEXGEN ENERGY LTD 0.0%

Value ($000) $137 (-49.7%) Shares 14,850 (-51.1%) Est. Cost $6.77 Unrealized +30.5%

HDB HDFC BANK LTD 1.3%

Value ($000) $3,930 (+3.2%) Shares 107,557 (-3.5%) Est. Cost $50.64 Unrealized —

ULTA ULTA BEAUTY INC 0.7%

Value ($000) $2,081 (+5.4%) Shares 3,439 (-4.8%) Est. Cost $414.15 Unrealized +32.7%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $215 (-28.5%) Shares 3,680 (-17.9%) Est. Cost $77.01 Unrealized -15.8%

KBR KBR INC 0.1%

Value ($000) $366 (-18.1%) Shares 9,110 (-3.7%) Est. Cost $57.72 Unrealized -25.9%

PSX PHILLIPS 66 0.1%

Value ($000) $309 (-20.1%) Shares 2,394 (-15.8%) Est. Cost $111.21 Unrealized +20.5%

SJM SMUCKER J M CO 0.1%

Value ($000) $434 (-14.5%) Shares 4,440 (-5.1%) Est. Cost $106.81 Unrealized -3.7%

SII SPROTT INC 0.7%

Value ($000) $2,280 (+3.3%) Shares 23,285 (-12.3%) Est. Cost $40.57 Unrealized +118.6%

SNY SANOFI SA 0.1%

Value ($000) $374 (-14.6%) Shares 7,720 (-16.8%) Est. Cost $49.67 Unrealized —

GOOG ALPHABET INC 0.9%

Value ($000) $2,883 (+2.2%) Shares 9,186 (-20.7%) Est. Cost $169.58 Unrealized +68.8%

ABT ABBOTT LABS 0.1%

Value ($000) $306 (-16.7%) Shares 2,440 (-10.9%) Est. Cost $130.60 Unrealized -2.5%

SCL STEPAN CO 0.1%

Value ($000) $394 (-12.9%) Shares 8,318 (-12.3%) Est. Cost $79.87 Unrealized -42.7%

ALC ALCON AG 0.3%

Value ($000) $880 (-4.5%) Shares 11,162 (-9.7%) Est. Cost $73.86 Unrealized +4.3%

SNA SNAP ON INC 0.3%

Value ($000) $1,039 (-3.7%) Shares 3,014 (-3.2%) Est. Cost $254.93 Unrealized +33.6%

SLB SLB LIMITED 0.2%

Value ($000) $474 (+7.3%) Shares 12,359 (-3.9%) Est. Cost $37.11 Unrealized -2.8%

DIS DISNEY WALT CO 0.3%

Value ($000) $1,065 (-2.0%) Shares 9,358 (-1.4%) Est. Cost $88.35 Unrealized +24.0%

ALK ALASKA AIR GROUP INC 0.3%

Value ($000) $964 (-0.3%) Shares 19,172 (-1.3%) Est. Cost $36.59 Unrealized +26.3%

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $671 (-0.2%) Shares 2,081 (-2.3%) Est. Cost $144.89 Unrealized +113.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BIL	SPDR SERIES TRUST	90,878 (-40.3%)	$8,304 (-40.5%)	2.7%	$91.65	—	STATE STREET SPD	78468R663
DXCM	DEXCOM INC	23,864 (-62.8%)	$1,584 (-63.3%)	0.5%	$100.16	-35.5%	COM	252131107
URNM	SPROTT FDS TR	112,502 (-12.4%)	$6,175 (-20.4%)	2.0%	$45.34	—	URANIUM MINERS E	85208P303
B	BARRICK MNG CORP	272,669 (-17.1%)	$11,875 (+10.1%)	3.9%	$25.15	+48.8%	COM SHS	06849F108
RJF	RAYMOND JAMES FINL INC	49,733 (-1.1%)	$7,987 (-8.0%)	2.6%	$100.30	+60.5%	COM	754730109
SN	SHARKNINJA INC	3,655 (-64.7%)	$409 (-61.7%)	0.1%	$99.03	-0.5%	COM SHS	G8068L108
TM	TOYOTA MOTOR CORP	11,733 (-25.7%)	$2,512 (-16.8%)	0.8%	$188.22	—	ADS	892331307
REGN	REGENERON PHARMACEUTICALS	2,963 (-9.1%)	$2,287 (+24.8%)	0.8%	$795.97	-14.7%	COM	75886F107
LUV	SOUTHWEST AIRLS CO	49,400 (-4.2%)	$2,042 (+24.1%)	0.7%	$24.85	+40.0%	COM	844741108
CVE	CENOVUS ENERGY INC	1,322,329 (-1.3%)	$22,374 (-1.7%)	7.3%	$17.00	+2.2%	COM	15135U109
PHYS	SPROTT ASSET MANAGEMENT LP	154,220 (-3.5%)	$5,092 (+7.6%)	1.7%	$16.37	—	PHYSICAL GOLD TR	85207H104
GNTX	GENTEX CORP	59,468 (-1.4%)	$1,384 (-19.0%)	0.5%	$30.89	-22.0%	COM	371901109
ASML	ASML HOLDING N V	2,320 (-19.4%)	$2,482 (-10.9%)	0.8%	$968.09	—	N Y REGISTRY SHS	N07059210
NVS	NOVARTIS AG	34,875 (-1.6%)	$4,808 (+5.8%)	1.6%	$100.92	—	SPONSORED ADR	66987V109
MCHP	MICROCHIP TECHNOLOGY INC.	95,214 (-2.4%)	$6,067 (-3.2%)	2.0%	$76.83	-20.1%	COM	595017104
KMI	KINDER MORGAN INC DEL	168,978 (-1.1%)	$4,645 (-4.0%)	1.5%	$15.34	+75.4%	COM	49456B101
OZK	BANK OZK LITTLE ROCK ARK	31,219 (-1.5%)	$1,437 (-11.1%)	0.5%	$37.83	+22.3%	COM	06417N103
TD	TORONTO DOMINION BK ONT	16,442 (-4.5%)	$1,549 (+12.5%)	0.5%	$60.19	+40.3%	COM NEW	891160509
NVDA	NVIDIA CORPORATION	77,510 (-1.1%)	$14,456 (-1.2%)	4.7%	$96.74	+92.4%	COM	67066G104
NEM	NEWMONT CORP	33,809 (-11.2%)	$3,376 (+5.1%)	1.1%	$37.52	+140.4%	COM	651639106
PSLV	SPROTT ASSET MANAGEMENT LP	37,800 (-19.2%)	$894 (+21.7%)	0.3%	$11.08	—	PHYSICAL SILVER	85207K107
WOOF	PETCO HEALTH & WELLNESS CO	28,000 (-53.3%)	$79 (-66.1%)	0.0%	$4.06	-20.3%	COM	71601V105
SU	SUNCOR ENERGY INC NEW	201,755 (-4.2%)	$8,950 (+1.6%)	2.9%	$30.35	+39.3%	COM	867224107
WY	WEYERHAEUSER CO MTN BE	26,454 (-14.4%)	$627 (-18.2%)	0.2%	$29.16	-21.1%	COM NEW	962166104
NXE	NEXGEN ENERGY LTD	14,850 (-51.1%)	$137 (-49.7%)	0.0%	$6.77	+30.5%	COM	65340P106
HDB	HDFC BANK LTD	107,557 (-3.5%)	$3,930 (+3.2%)	1.3%	$50.64	—	SPONSORED ADS	40415F101
ULTA	ULTA BEAUTY INC	3,439 (-4.8%)	$2,081 (+5.4%)	0.7%	$414.15	+32.7%	COM	90384S303
PYPL	PAYPAL HLDGS INC	3,680 (-17.9%)	$215 (-28.5%)	0.1%	$77.01	-15.8%	COM	70450Y103
KBR	KBR INC	9,110 (-3.7%)	$366 (-18.1%)	0.1%	$57.72	-25.9%	COM	48242W106
PSX	PHILLIPS 66	2,394 (-15.8%)	$309 (-20.1%)	0.1%	$111.21	+20.5%	COM	718546104
SJM	SMUCKER J M CO	4,440 (-5.1%)	$434 (-14.5%)	0.1%	$106.81	-3.7%	COM NEW	832696405
SII	SPROTT INC	23,285 (-12.3%)	$2,280 (+3.3%)	0.7%	$40.57	+118.6%	COM NEW	852066208
SNY	SANOFI SA	7,720 (-16.8%)	$374 (-14.6%)	0.1%	$49.67	—	SPONSORED ADR	80105N105
GOOG	ALPHABET INC	9,186 (-20.7%)	$2,883 (+2.2%)	0.9%	$169.58	+68.8%	CAP STK CL C	02079K107
ABT	ABBOTT LABS	2,440 (-10.9%)	$306 (-16.7%)	0.1%	$130.60	-2.5%	COM	002824100
SCL	STEPAN CO	8,318 (-12.3%)	$394 (-12.9%)	0.1%	$79.87	-42.7%	COM	858586100
ALC	ALCON AG	11,162 (-9.7%)	$880 (-4.5%)	0.3%	$73.86	+4.3%	ORD SHS	H01301128
SNA	SNAP ON INC	3,014 (-3.2%)	$1,039 (-3.7%)	0.3%	$254.93	+33.6%	COM	833034101
SLB	SLB LIMITED	12,359 (-3.9%)	$474 (+7.3%)	0.2%	$37.11	-2.8%	COM STK	806857108
DIS	DISNEY WALT CO	9,358 (-1.4%)	$1,065 (-2.0%)	0.3%	$88.35	+24.0%	COM	254687106
ALK	ALASKA AIR GROUP INC	19,172 (-1.3%)	$964 (-0.3%)	0.3%	$36.59	+26.3%	COM	011659109
JPM	JPMORGAN CHASE & CO.	2,081 (-2.3%)	$671 (-0.2%)	0.2%	$144.89	+113.6%	COM	46625H100

Unchanged Positions (42)

RMD RESMED INC 3.9%

Value ($000) $11,773 Shares 48,876 Est. Cost $150.68 Unrealized +69.5%

ISRG INTUITIVE SURGICAL INC 2.6%

Value ($000) $7,829 Shares 13,824 Est. Cost $306.75 Unrealized +73.6%

ETN EATON CORP PLC 3.0%

Value ($000) $9,114 Shares 28,615 Est. Cost $217.76 Unrealized +62.7%

EXPD EXPEDITORS INTL WASH INC 2.2%

Value ($000) $6,687 Shares 44,879 Est. Cost $114.69 Unrealized +18.3%

CMI CUMMINS INC 1.7%

Value ($000) $5,029 Shares 9,852 Est. Cost $223.07 Unrealized +109.0%

PAYX PAYCHEX INC 1.7%

Value ($000) $5,052 Shares 45,034 Est. Cost $111.08 Unrealized +4.9%

VEEV VEEVA SYS INC 0.6%

Value ($000) $1,735 Shares 7,771 Est. Cost $189.78 Unrealized +39.8%

ZTS ZOETIS INC 1.0%

Value ($000) $3,160 Shares 25,113 Est. Cost $172.69 Unrealized -24.6%

EOG EOG RES INC 1.7%

Value ($000) $5,262 Shares 50,107 Est. Cost $115.58 Unrealized -7.2%

XOM EXXON MOBIL CORP 1.9%

Value ($000) $5,827 Shares 48,422 Est. Cost $100.59 Unrealized +14.8%

ROST ROSS STORES INC 0.8%

Value ($000) $2,290 Shares 12,710 Est. Cost $122.36 Unrealized +36.2%

SBR SABINE RTY TR 0.5%

Value ($000) $1,584 Shares 23,100 Est. Cost $67.86 Unrealized —

ADP AUTOMATIC DATA PROCESSING 0.5%

Value ($000) $1,672 Shares 6,500 Est. Cost $224.51 Unrealized +18.0%

MU MICRON TECHNOLOGY INC 0.2%

Value ($000) $470 Shares 1,647 Est. Cost $93.22 Unrealized +146.0%

TXN TEXAS INSTRS INC 1.0%

Value ($000) $2,937 Shares 16,931 Est. Cost $151.35 Unrealized +12.8%

TYL TYLER TECHNOLOGIES INC 0.4%

Value ($000) $1,145 Shares 2,523 Est. Cost $408.61 Unrealized +16.6%

CHD CHURCH & DWIGHT CO INC 1.1%

Value ($000) $3,501 Shares 41,759 Est. Cost $89.68 Unrealized -4.9%

IDXX IDEXX LABS INC 1.1%

Value ($000) $3,224 Shares 4,766 Est. Cost $467.92 Unrealized +45.5%

BRO BROWN & BROWN INC 0.3%

Value ($000) $845 Shares 10,600 Est. Cost $70.55 Unrealized +18.2%

NDSN NORDSON CORP 0.5%

Value ($000) $1,523 Shares 6,334 Est. Cost $225.32 Unrealized +4.0%

HD HOME DEPOT INC 0.1%

Value ($000) $431 Shares 1,253 Est. Cost $295.79 Unrealized +23.3%

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $460 Shares 2,223 Est. Cost $143.59 Unrealized +37.2%

TSCO TRACTOR SUPPLY CO 0.1%

Value ($000) $300 Shares 6,000 Est. Cost $50.58 Unrealized +6.2%

WMT WALMART INC 0.2%

Value ($000) $501 Shares 4,500 Est. Cost $54.58 Unrealized +96.4%

MSFT MICROSOFT CORP 0.1%

Value ($000) $345 Shares 714 Est. Cost $353.81 Unrealized +41.5%

SJT SAN JUAN BASIN RTY TR 0.1%

Value ($000) $298 Shares 53,100 Est. Cost $4.86 Unrealized —

EXR EXTRA SPACE STORAGE INC 0.1%

Value ($000) $253 Shares 1,942 Est. Cost $115.65 Unrealized +16.7%

RIG TRANSOCEAN LTD 0.0%

Value ($000) $82 Shares 19,895 Est. Cost $6.67 Unrealized -41.8%

CVX CHEVRON CORP NEW 0.3%

Value ($000) $900 Shares 5,902 Est. Cost $142.43 Unrealized +6.3%

CFR CULLEN FROST BANKERS INC 2.2%

Value ($000) $6,799 Shares 53,689 Est. Cost $100.52 Unrealized +24.2%

COP CONOCOPHILLIPS 0.2%

Value ($000) $758 Shares 8,095 Est. Cost $108.93 Unrealized -17.4%

IDA IDACORP INC 0.1%

Value ($000) $289 Shares 2,282 Est. Cost $109.91 Unrealized +18.4%

ABBV ABBVIE INC 0.3%

Value ($000) $888 Shares 3,888 Est. Cost $185.27 Unrealized +22.8%

AFL AFLAC INC 0.2%

Value ($000) $662 Shares 6,000 Est. Cost $76.99 Unrealized +42.7%

PEP PEPSICO INC 0.1%

Value ($000) $385 Shares 2,683 Est. Cost $156.55 Unrealized -6.8%

APA APA CORPORATION 1.6%

Value ($000) $4,733 Shares 193,504 Est. Cost $27.88 Unrealized -13.5%

EA ELECTRONIC ARTS INC 0.1%

Value ($000) $372 Shares 1,820 Est. Cost $130.73 Unrealized +54.3%

VGT VANGUARD WORLD FD 0.1%

Value ($000) $422 Shares 560 Est. Cost $621.80 Unrealized —

RDY DR REDDYS LABS LTD 0.2%

Value ($000) $607 Shares 43,250 Est. Cost $26.55 Unrealized —

WIT WIPRO LTD 0.0%

Value ($000) $30 Shares 10,472 Est. Cost $5.57 Unrealized —

WM WASTE MGMT INC DEL 0.1%

Value ($000) $207 Shares 944 Est. Cost $218.39 Unrealized -2.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $250 Shares 498 Est. Cost $507.86 Unrealized -2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RMD	RESMED INC	48,876	$11,773	3.9%	$150.68	+69.5%	COM	761152107
ISRG	INTUITIVE SURGICAL INC	13,824	$7,829	2.6%	$306.75	+73.6%	COM NEW	46120E602
ETN	EATON CORP PLC	28,615	$9,114	3.0%	$217.76	+62.7%	SHS	G29183103
EXPD	EXPEDITORS INTL WASH INC	44,879	$6,687	2.2%	$114.69	+18.3%	COM	302130109
CMI	CUMMINS INC	9,852	$5,029	1.7%	$223.07	+109.0%	COM	231021106
PAYX	PAYCHEX INC	45,034	$5,052	1.7%	$111.08	+4.9%	COM	704326107
VEEV	VEEVA SYS INC	7,771	$1,735	0.6%	$189.78	+39.8%	CL A COM	922475108
ZTS	ZOETIS INC	25,113	$3,160	1.0%	$172.69	-24.6%	CL A	98978V103
EOG	EOG RES INC	50,107	$5,262	1.7%	$115.58	-7.2%	COM	26875P101
XOM	EXXON MOBIL CORP	48,422	$5,827	1.9%	$100.59	+14.8%	COM	30231G102
ROST	ROSS STORES INC	12,710	$2,290	0.8%	$122.36	+36.2%	COM	778296103
SBR	SABINE RTY TR	23,100	$1,584	0.5%	$67.86	—	UNIT BEN INT	785688102
ADP	AUTOMATIC DATA PROCESSING	6,500	$1,672	0.5%	$224.51	+18.0%	COM	053015103
MU	MICRON TECHNOLOGY INC	1,647	$470	0.2%	$93.22	+146.0%	COM	595112103
TXN	TEXAS INSTRS INC	16,931	$2,937	1.0%	$151.35	+12.8%	COM	882508104
TYL	TYLER TECHNOLOGIES INC	2,523	$1,145	0.4%	$408.61	+16.6%	COM	902252105
CHD	CHURCH & DWIGHT CO INC	41,759	$3,501	1.1%	$89.68	-4.9%	COM	171340102
IDXX	IDEXX LABS INC	4,766	$3,224	1.1%	$467.92	+45.5%	COM	45168D104
BRO	BROWN & BROWN INC	10,600	$845	0.3%	$70.55	+18.2%	COM	115236101
NDSN	NORDSON CORP	6,334	$1,523	0.5%	$225.32	+4.0%	COM	655663102
HD	HOME DEPOT INC	1,253	$431	0.1%	$295.79	+23.3%	COM	437076102
JNJ	JOHNSON & JOHNSON	2,223	$460	0.2%	$143.59	+37.2%	COM	478160104
TSCO	TRACTOR SUPPLY CO	6,000	$300	0.1%	$50.58	+6.2%	COM	892356106
WMT	WALMART INC	4,500	$501	0.2%	$54.58	+96.4%	COM	931142103
MSFT	MICROSOFT CORP	714	$345	0.1%	$353.81	+41.5%	COM	594918104
SJT	SAN JUAN BASIN RTY TR	53,100	$298	0.1%	$4.86	—	UNIT BEN INT	798241105
EXR	EXTRA SPACE STORAGE INC	1,942	$253	0.1%	$115.65	+16.7%	COM	30225T102
RIG	TRANSOCEAN LTD	19,895	$82	0.0%	$6.67	-41.8%	REGISTERED SHS	H8817H100
CVX	CHEVRON CORP NEW	5,902	$900	0.3%	$142.43	+6.3%	COM	166764100
CFR	CULLEN FROST BANKERS INC	53,689	$6,799	2.2%	$100.52	+24.2%	COM	229899109
COP	CONOCOPHILLIPS	8,095	$758	0.2%	$108.93	-17.4%	COM	20825C104
IDA	IDACORP INC	2,282	$289	0.1%	$109.91	+18.4%	COM	451107106
ABBV	ABBVIE INC	3,888	$888	0.3%	$185.27	+22.8%	COM	00287Y109
AFL	AFLAC INC	6,000	$662	0.2%	$76.99	+42.7%	COM	001055102
PEP	PEPSICO INC	2,683	$385	0.1%	$156.55	-6.8%	COM	713448108
APA	APA CORPORATION	193,504	$4,733	1.6%	$27.88	-13.5%	COM	03743Q108
EA	ELECTRONIC ARTS INC	1,820	$372	0.1%	$130.73	+54.3%	COM	285512109
VGT	VANGUARD WORLD FD	560	$422	0.1%	$621.80	—	INF TECH ETF	92204A702
RDY	DR REDDYS LABS LTD	43,250	$607	0.2%	$26.55	—	ADR	256135203
WIT	WIPRO LTD	10,472	$30	0.0%	$5.57	—	SPON ADR 1 SH	97651M109
WM	WASTE MGMT INC DEL	944	$207	0.1%	$218.39	-2.7%	COM	94106L109
BRK/B	BERKSHIRE HATHAWAY INC DEL	498	$250	0.1%	$507.86	-2.0%	CL B NEW	084670702