| NNVR INCNVR |
| 6.54% | — | $5.9M | 871 | $0 | 0 | +871 | New Buy |
| AAlphabet Inc Class CGOOG |
| 5.8% | 6.79% | $5.3M | 14,879 | $5.7M | 20,031 | -5,152-25.72% | Reduce |
 VISA INCV |
| 5.75% | 5.11% | $5.2M | 15,189 | $4.3M | 14,321 | +868+6.06% | Add |
 WHITE MTNS INS GROUP LTDWTM |
| 5.65% | 6.52% | $5.1M | 2,471 | $5.5M | 2,513 | -42-1.67% | Reduce |
 MEDIAALPHA INCMAX |
| 5.11% | 3.67% | $4.6M | 368,731 | $3.1M | 333,864 | +34,867+10.44% | Add |
 ASML HLDG NVASML |
| 4.87% | 3.67% | $4.4M | 2,219 | $3.1M | 2,350 | -131-5.57% | Reduce |
 CDW CORPCDW |
| 4.74% | 3.63% | $4.3M | 30,540 | $3.1M | 25,384 | +5,156+20.31% | Add |
 ROPER TECHNOLOGIES INCROP |
| 4.61% | 5.76% | $4.2M | 12,358 | $4.9M | 13,786 | -1,428-10.36% | Reduce |
 BROWN & BROWN INC COMBRO |
| 4.57% | 5.46% | $4.1M | 64,611 | $4.6M | 70,885 | -6,274-8.85% | Reduce |
 GARTNER INCIT |
| 4.36% | 4.41% | $4.0M | 30,530 | $3.7M | 23,602 | +6,928+29.35% | Add |
 THOR INDS INCTHO |
| 4.3% | 4.42% | $3.9M | 51,900 | $3.7M | 46,812 | +5,088+10.87% | Add |
| FFISERV INCFISV |
| 3.88% | 3.43% | $3.5M | 71,706 | $2.9M | 52,011 | +19,695+37.87% | Add |
 BERKSHIRE HATHAWAY INC DELBRK.B |
| 3.49% | 2.19% | $3.2M | 6,332 | $1.9M | 3,876 | +2,456+63.36% | Add |
 HEICO CORP NEWHEI |
| 3.33% | 3.02% | $3.0M | 11,702 | $2.6M | 12,126 | -424-3.50% | Reduce |
 MACERICH COMAC |
| 2.97% | 4.62% | $2.7M | 106,916 | $3.9M | 206,916 | -100,000-48.33% | Reduce |
 MICROSOFT CORPMSFT |
| 2.73% | 0.5% | $2.5M | 6,635 | $421,624 | 1,139 | +5,496+482.53% | Add |
 S&P GLOBAL INCSPGI |
| 2.63% | 1.82% | $2.4M | 5,857 | $1.5M | 3,632 | +2,225+61.26% | Add |
 INTUITINTU |
| 2.46% | 3.13% | $2.2M | 8,559 | $2.7M | 6,138 | +2,421+39.44% | Add |
| BBLACKROCK ETF TRUST IIBINC |
| 2.29% | 1.79% | $2.1M | 39,738 | $1.5M | 29,213 | +10,525+36.03% | Add |
| VVANGUARD SCOTTSDALE FDSVGSH |
| 2.28% | 4.6% | $2.1M | 35,516 | $3.9M | 66,562 | -31,046-46.64% | Reduce |
 ISHARES MBSACGL |
| 2.24% | — | $2.0M | 20,915 | $0 | 0 | +20,915 | New Buy |
 HERCULES CAPITAL INCHTGC |
| 2.17% | 1.82% | $2.0M | 125,009 | $1.5M | 104,563 | +20,446+19.55% | Add |
| PPROFESIONALLY MANAGED PORTFOAKRE |
| 2.15% | 0.83% | $1.9M | 36,586 | $705,389 | 13,347 | +23,239+174.11% | Add |
 SLR INVESTMENT CORP COMSLRC |
| 2.07% | 2.13% | $1.9M | 152,053 | $1.8M | 125,814 | +26,239+20.86% | Add |
 NXP SEMICONDUCTORS N VNXPI |
| 2.03% | 2.83% | $1.8M | 6,552 | $2.4M | 12,164 | -5,612-46.14% | Reduce |
 AMERICAN EXPRESS COAXP |
| 1.6% | 1.53% | $1.5M | 4,296 | $1.3M | 4,296 | 00.00% | Unchanged |
 Oaktree Specialty Lending CorpOCSL |
| 1.17% | 2.63% | $1.1M | 88,563 | $2.2M | 197,330 | -108,767-55.12% | Reduce |
| WWATSCO INCWSO |
| 1.12% | 1.05% | $1.0M | 2,445 | $889,467 | 2,445 | 00.00% | Unchanged |
| LListed Funds Trust Horizon Kinetics Inflation Beneficiaries EtfINFL |
| 1.06% | 1.23% | $959,741 | 19,241 | $1.0M | 20,050 | -809-4.03% | Reduce |
 JOHNSON & JOHNSONJNJ |
| 0.68% | 0.87% | $613,338 | 2,415 | $736,987 | 3,015 | -600-19.90% | Reduce |
 SIRIUSXM HLDGS INC EQUITCLASS EQUITYSIRI |
| 0.41% | 0.36% | $372,248 | 12,602 | $302,429 | 13,104 | -502-3.83% | Reduce |
 ARES CAPITALARCC |
| 0.4% | 0.63% | $360,853 | 19,474 | $530,833 | 29,458 | -9,984-33.89% | Reduce |
| CCBRE GROUP INC CL ACBRE |
| 0.28% | 0.38% | $249,446 | 1,852 | $318,602 | 2,352 | -500-21.26% | Reduce |
 Sixth Street Specialty Lending IncTSLX |
| 0.27% | 0.58% | $241,754 | 14,080 | $488,945 | 26,602 | -12,522-47.07% | Reduce |
