#	Holding	Value	% Port.	Δ Shares	Change (QoQ)
1	Alphabet Inc	$142948000	10.66%	—	NEW BUY
2	Analog Devices Inc	$139009500	10.37%	—	NEW BUY
3	Progressive Corp	$87380000	6.52%	—	NEW BUY
4	Capital One Finl Corp	$70217000	5.24%	—	NEW BUY
5	Keysight Technologies Inc	$70014000	5.22%	—	NEW BUY
6	Schwab Charles Corp	$64589000	4.82%	—	NEW BUY
7	Amazon Com Inc	$61968400	4.62%	—	NEW BUY
8	Gallagher Arthur J & Co	$58540350	4.37%	—	NEW BUY
9	Motorola Solutions Inc	$58140600	4.34%	—	NEW BUY
10	Meta Platforms Inc	$50696100	3.78%	—	NEW BUY
11	American Express Co	$47355000	3.53%	—	NEW BUY
12	Teledyne Technologies Inc	$46683000	3.48%	—	NEW BUY
13	Jpmorgan Chase & Co	$45826200	3.42%	—	NEW BUY
14	Chevron Corporation	$42476000	3.17%	—	NEW BUY
15	Taiwan Semiconductor Manufac	$38205600	2.85%	—	NEW BUY
16	Sunbelt Rentals Holdings Inc	$37405000	2.79%	—	NEW BUY
17	Mercadolibre Inc	$30553020	2.28%	—	NEW BUY
18	Microsoft Corp	$29841600	2.23%	—	NEW BUY
19	Rayonier Inc	$26815567	2.00%	—	NEW BUY
20	Visa Inc	$25731750	1.92%	—	NEW BUY
21	Equifax Inc	$23014400	1.72%	—	NEW BUY
22	Nike Inc	$20525000	1.53%	—	NEW BUY
23	Medtronic Plc	$19557500	1.46%	—	NEW BUY
24	Merck & Co Inc	$19275000	1.44%	—	NEW BUY
25	Cellebrite Di Ltd	$18980000	1.42%	—	NEW BUY
26	Brady Corp	$18314000	1.37%	—	NEW BUY
27	Johnson & Johnson	$17777900	1.33%	—	NEW BUY
28	Roper Technologies Inc	$16919500	1.26%	—	NEW BUY
29	Twfg Inc	$12025000	0.90%	—	NEW BUY

Holdings disclosed quarterly to the SEC on Form 13-F and may be up to 45 days old. Values as reported. For research only — not investment advice.