| PHYS Sprott Physical Gold Trust | 25.25% | 1,448,500 | $42.9M | No change |
| GDX Vaneck Gold Miners ETF | 12.57% | 279,500 | $21.4M | No change |
| FNV Franco-Nevada Corp. | 10.69% | 81,500 | $18.2M | No change |
| NEM Newmont Corp. | 9.71% | 195,750 | $16.5M | No change |
| AMZN Amazon.com Inc. | 5.17% | 40,000 | $8.8M | No change |
| MSFT Microsoft Corp. | 2.44% | 8,000 | $4.1M | No change |
| ZIMV Zimvie Inc. | 2.32% | 208,309 | $3.9M | No change |
| DLR Digital Realty Trust Inc. | 2.29% | 22,500 | $3.9M | No change |
| JOE The St Joe Co. | 2.16% | 74,000 | $3.7M | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 2.15% | 15,000 | $3.6M | No change |
| ECVT Ecovyst Inc. | 2.02% | 391,900 | $3.4M | No change |
| HWC Hancock Whitney Corp. | 1.83% | 49,751 | $3.1M | No change |
| HQY Healthequity Inc. | 1.65% | 29,576 | $2.8M | No change |
| HUN Huntsman Corp. | 1.58% | 298,000 | $2.7M | Add +62.8% |
| PNFP Pinnacle Financial Partners | 1.52% | 27,525 | $2.6M | No change |
| CADE Cadence Bank | 1.47% | 66,352 | $2.5M | No change |
| SSB Southstate Bank Corp. | 1.45% | 25,000 | $2.5M | No change |
| THS Treehouse Foods Inc. | 1.25% | 105,500 | $2.1M | Add +67.5% |
| AUB Atlantic Union Bankshares Co. | 1.22% | 58,556 | $2.1M | No change |
| TBRG Trubridge Inc. | 1.20% | 101,308 | $2.0M | Add +97.9% |
| OBK Origin Bancorp Inc. | 1.08% | 53,000 | $1.8M | No change |
| CRMT America's Car-Mart Inc. | 1.05% | 60,938 | $1.8M | Add +95.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.96% | 19,200 | $1.6M | No change |
| CMCO Columbus McKinnon Corp. | 0.86% | 102,188 | $1.5M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.85% | 6,900 | $1.4M | No change |
| EVH Evolent Health Inc. Class A | 0.75% | 150,250 | $1.3M | No change |
| HUBG Hub Group Inc. Class A | 0.61% | 30,000 | $1.0M | New |
| CSCO Cisco Systems Inc. | 0.59% | 14,531 | $994K | No change |
| ABBV Abbvie Inc. | 0.57% | 4,200 | $972K | No change |
| MRTN Marten Transport Ltd. | 0.56% | 90,000 | $959K | Reduce -35.7% |
| BIPC Brookfield Infrastructure-A | 0.49% | 20,100 | $827K | No change |
| ENB Enbridge Inc. | 0.47% | 15,800 | $797K | No change |
| FHN First Horizon Corp. | 0.37% | 28,000 | $633K | No change |
| CCI Crown Castle Inc. | 0.35% | 6,200 | $598K | No change |
| WM Waste Management Inc. | 0.22% | 1,730 | $382K | No change |
| RELL Richardson Elec Ltd. | 0.22% | 37,327 | $365K | No change |
| HCAT Health Catalyst Inc. | 0.06% | 37,000 | $105K | No change |