Forte Capital Portfolio holdings

AUM $930M

1-Year Return 24.08%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3

This Quarter Return

-10.43%

1 Year Return

+24.08%

3 Year Return

+98.29%

5 Year Return

+137.93%

10 Year Return

+353.16%

AUM

$791M

AUM Growth

-$1.54M (-0.19%)

Cap. Flow

-$7.76M

Cap. Flow % of AUM

-0.98%

Top 10 Holdings % Top 10 Hldgs %

32.74%

Holding

223

New

Increased

–

Reduced

Closed

–

Top Buys

Hecla Mining

$95K

Top Sells

1	Schwab US Large- Cap ETF SCHX	$5.68M
2	Schwab U.S Small- Cap ETF SCHA	$534K
3	Intuit INTU	$96.5K
4	Trade Desk TTD	$91.6K
5	Ulta Beauty ULTA	$86.6K

Sector Composition

1	Technology	23.47%
2	Consumer Discretionary	13.92%
3	Healthcare	10.82%
4	Financials	10.26%
5	Communication Services	7.63%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
126	126 Invesco S&P MidCap 400 Pure Growth ETF RFG $297M	$733K	0.09%	15,890	–	–
127	127 Carrier Global CARR $54.9B	$727K	0.09%	13,403	–	–
128	128 Tyler Technologies TYL $24B	$717K	0.09%	1,332	–	–
129	129 EPAM Systems EPAM $9.4B	$710K	0.09%	1,062	–	–
130	130 ARK Innovation ETF ARKK $7.38B	$691K	0.09%	7,303	–	–
131	131 Coca-Cola KO $294B	$691K	0.09%	11,665	–	–
132	132 TSMC TSM $1.24T	$679K	0.09%	5,645	–	–
133	133 Vanguard FTSE All-World ex-US ETF VEU $48.7B	$678K	0.09%	11,070	–	–
134	134 Illumina ILMN $15.6B	$647K	0.08%	1,748	–	–
135	135 iShares MSCI EAFE Small-Cap ETF SCZ $10.7B	$636K	0.08%	8,700	–	–
136	136 Lam Research LRCX $128B	$631K	0.08%	8,780	–	–
137	137 Vanguard Russell 1000 Growth ETF VONG $31B	$628K	0.08%	8,000	–	–
138	138 Edwards Lifesciences EW $47.6B	$623K	0.08%	4,810	–	–
139	MZTI 139 The Marzetti Company Common Stock MZTI $5.1B	$613K	0.08%	3,700	–	–
140	140 S&P Global SPGI $163B	$607K	0.08%	1,286	–	–
141	141 iShares Russell 2000 ETF IWM $67.3B	$603K	0.08%	2,713	–	–
142	142 Monro MNRO $520M	$601K	0.08%	10,311	–	–
143	143 Casella Waste Systems CWST $6.02B	$595K	0.08%	6,960	–	–
144	144 Airbnb ABNB $76.2B	$594K	0.08%	3,566	–	–
145	145 MSCI MSCI $43.1B	$585K	0.07%	954	–	–
146	146 Vanguard Large-Cap ETF VV $44.4B	$582K	0.07%	2,631	–	–
147	147 Oracle ORCL $641B	$569K	0.07%	6,526	–	–
148	148 Fortinet FTNT $60B	$546K	0.07%	7,595	–	–
149	149 Otis Worldwide OTIS $34.1B	$537K	0.07%	6,172	–	–
150	150 Schwab U.S Small- Cap ETF SCHA $18.7B	$534K	0.07%	10,428 -10,428	-50%	-$534K