| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,950 | 2,950 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMPHENOL CORPORATION | 19,702 | 33,785 |
| APPLE INC | 17,727 | 299,046 |
| ARCH CAPITAL GROUP | 18,514 | 65,226 |
| AUTOZONE INC | 28,602 | 135,660 |
| BROADCOM INC COMMON STOCK | 5,848 | 32,187 |
| CARPENTER TECHNOLOGY CORP | 19,291 | 23,928 |
| TENET HEALTHCARE CORPORATION | 19,492 | 19,194 |
| COMFORT SYSTEMS USA INC | 19,942 | 27,065 |
| CUMMINS INC | 25,414 | 107,705 |
| DOMINOS PIZZA INC | 76,407 | 87,532 |
| EMCOR GROUP INC | 6,634 | 27,531 |
| ENSIGN GROUP INC COM | 19,492 | 19,162 |
| EVERCORE INC CLASS A COMMON STOCK | 16,401 | 15,652 |
| EXPEDITORS INTL OF WASHINGTON INC | 29,854 | 75,995 |
| GE VERNOVA LLC COMMON STOCK | 8,424 | 30,718 |
| GLOBAL X FUNDS URANIUM | 19,955 | 23,715 |
| GOLDMAN SACHS PHYSICAL GOLD | 40,419 | 42,550 |
| HOULIHAM LOKEY INC | 13,905 | 16,374 |
| ISHARES CORE S&P SMALL CAP | 32,532 | 57,686 |
| ISHARES TRUST ISHARES U S AEROSPACE & DEFENSE ETF | 15,442 | 27,051 |
| MASTERCARD INCORPORATED | 16,542 | 17,697 |
| MEDPACE HOLDINGS INC | 17,154 | 20,219 |
| MOODYS CORP | 39,063 | 84,290 |
| NEWMONT CORPORATION | 18,514 | 23,664 |
| NRG ENERGY INC | 18,044 | 18,313 |
| NVIDIA CORP | 6,639 | 29,840 |
| NVR INC | 27,006 | 51,049 |
| PERMANENT PORTFOLIO FUND INC | 26,621 | 35,387 |
| PALANTIR TECHNOLOGIES INC | 10,197 | 23,108 |
| PALANTIR TECHNOLOGIES INC | 11,872 | 27,729 |
| PROGRESSIVE CORP-OHIO | 108,743 | 143,919 |
| ROSS STORES INC | 46,519 | 120,334 |
| ROYAL BANK OF CANADA CONTINGENT INC | 5,200,000 | 4,297,280 |
| ROYAL BANK OF CANADA FIXED COUPON BARRIER NOTE | 100,000 | 115,520 |
| ROYAL CARIBBEAN GROUP COMMON STOCK | 18,501 | 21,477 |
| SOMNIGROUP INTERNATIONAL INC | 19,195 | 23,034 |
| SPROTT PHYSICAL GOLD & SILVER TR UNIT | 15,130 | 31,144 |
| STRATEGIC EDUCATION INC | 41,396 | 39,619 |
| TECHNIPFMC PLC | 19,520 | 19,250 |
| TENET HEALTHCARE CORPORATION | 19,326 | 19,077 |
| TJX COMPANIES INC NEW | 17,500 | 48,541 |
| TRANE TECHNOLOGIES PLC ORDINARY SHARES | 10,693 | 23,741 |
| UNITEDHEALTH GROUP INC | 134,022 | 137,986 |
| VANGUARD ADMIRAL FDS INC | 26,346 | 55,900 |
| VANGUARD INDEX FUNDS | 33,245 | 80,465 |
| VANGUARD SECTOR INDEX FDS ENERGY | 36,466 | 101,995 |
| VANGUARD SECTOR INDEX FDS FINANCIALS | 15,704 | 38,712 |
| VANGUARD SECTOR INDEX FDS INDUSTRIALS | 32,801 | 65,644 |
| VISA INC | 51,129 | 115,734 |
| WALT DISNEY CO | 46,487 | 61,436 |
| WELLS FARGO & CO | 18,161 | 22,741 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 8,150 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISC | 5,990 | 5,990 | 5,990 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| EXCISE TAX PAYABLE | 6,082 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 31,483 | 31,483 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2025 EXCISE TAX | 8,402 | 0 | 0 | |
| FOREIGN TAX | 8 | 8 | 0 | |
| EXCISE TAX | 202 | 0 | 0 |