Napatree Capital Portfolio holdings

AUM $178M

This Quarter Return

-0.78%

1 Year Return

+8.09%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$178M

AUM Growth

+$7.5M (+4%)

Cap. Flow

+$11.5M

Cap. Flow % of AUM

6.46%

Top 10 Holdings %Top 10 Hldgs %

27%

Holding

202

New

Increased

105

Reduced

Closed

Top Buys

1	iShares Core MSCI EAFE ETF IEFA	$3.37M
2	SPDR Portfolio S&P 500 ETF SPLG	$2.91M
3	SPDR Portfolio S&P 400 Mid Cap ETF SPMD	$1.33M
4	Concentrix CNXC	$732K
5	JPMorgan Income ETF JPIE	$730K

Top Sells

1	iShares MSCI EAFE Value ETF EFV	$2.3M
2	Schwab US Large- Cap ETF SCHX	$2.22M
3	iShares MSCI EAFE Growth ETF EFG	$1.2M
4	Schwab US Mid-Cap ETF SCHM	$961K
5	NetApp NTAP	$901K

Sector Composition

1	Financials	13.85%
2	Technology	11.61%
3	Consumer Discretionary	5.9%
4	Healthcare	5.34%
5	Industrials	4.9%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 Gilead Sciences GILD $145B	$475K	0.27%	4,239 -1,981	-32%	-$222K
102	102 SPDR Portfolio S&P 500 High Dividend ETF SPYD $7.08B	$473K	0.27%	10,677 +1,155	+12%	+$51.1K
103	103 NRG Energy NRG $30.6B	$470K	0.26%	4,920 +184	+4%	+$17.6K
104	104 LyondellBasell Industries LYB $20.6B	$469K	0.26%	6,657 +69	+1%	+$4.86K
105	105 S&P Global SPGI $164B	$468K	0.26%	922 +224	+32%	+$114K
106	106 First Trust Capital Strength ETF FTCS $8.48B	$466K	0.26%	+5,198	New	+$466K
107	PBT 107 Permian Basin Royalty Trust PBT $607M	$457K	0.26%	46,273 +23,710	+105%	+$234K
108	108 iShares TIPS Bond ETF TIP $13.8B	$456K	0.26%	4,101 +241	+6%	+$26.8K
109	109 Kulicke & Soffa KLIC $1.79B	$448K	0.25%	13,591 -223	-2%	-$7.36K
110	110 iShares ESG Screened S&P 500 ETF XVV $430M	$447K	0.25%	10,458 +321	+3%	+$13.7K
111	111 GE Aerospace GE $288B	$443K	0.25%	2,214 +211	+11%	+$42.2K
112	112 FedEx FDX $57.4B	$439K	0.25%	1,802 -166	-8%	-$40.5K
113	113 Global Payments GPN $20.9B	$439K	0.25%	4,483 -212	-5%	-$20.8K
114	114 Merck MRK $213B	$427K	0.24%	4,755 +535	+13%	+$48K
115	115 Organon & Co OGN $2.65B	$425K	0.24%	28,515 -1,339	-4%	-$19.9K
116	116 Procter & Gamble PG $371B	$424K	0.24%	2,486 +339	+16%	+$57.8K
117	117 Ingredion INGR $8.56B	$423K	0.24%	+3,125	New	+$423K
118	118 Costco COST $415B	$422K	0.24%	446 +83	+23%	+$78.5K
119	OPRA 119 Opera Ltd OPRA $1.54B	$417K	0.23%	26,160 -617	-2%	-$9.84K
120	120 iShares Russell 1000 ETF IWB $42.1B	$408K	0.23%	1,330 -58	-4%	-$17.8K
121	121 Chubb CB $107B	$404K	0.23%	1,339 +99	+8%	+$29.9K
122	122 NextEra Energy, Inc. NEE $148B	$402K	0.23%	5,664 +960	+20%	+$68.1K
123	123 Honeywell HON $142B	$400K	0.22%	1,888 +636	+51%	+$135K
124	124 GSK GSK $76.7B	$398K	0.22%	10,276 -1,243	-11%	-$48.2K
125	125 FlexShares Global Quality Real Estate Index Fund GQRE $399M	$397K	0.22%	6,850 -2,325	-25%	-$135K