# EDGAR Filing Document

**Accession Number:** 0000733020
**File Stem:** 0001172661-26-001501
**Filing Date:** 2026-4
**Character Count:** 22281
**Document Hash:** 302c8c02a3961aa8b3204edc676777fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-001501.hdr.sgml**: 20260416

**ACCESSION NUMBER**: 0001172661-26-001501

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260416

**DATE AS OF CHANGE**: 20260416

**EFFECTIVENESS DATE**: 20260416

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARS Investment Partners, LLC
- **CENTRAL INDEX KEY:** 0000733020

**ORGANIZATION NAME:**
- **EIN:** 132684582
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00858
- **FILM NUMBER:** 26865924

**BUSINESS ADDRESS:**
- **STREET 1:** 529 FIFTH AVENUE
- **STREET 2:** SUITE 500
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-687-9800

**MAIL ADDRESS:**
- **STREET 1:** 529 FIFTH AVENUE
- **STREET 2:** SUITE 500
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** A.R. Schmeidler & Co., Inc.
- **DATE OF NAME CHANGE:** 20150706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCHMEIDLER A R & CO INC
- **DATE OF NAME CHANGE:** 19990329

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ARS Investment Partners LLC<br>**Address:** 529 Fifth Avenue<br>Suite 500<br>New York, NY 10017

**Form 13F File Number:** 028-00858

**CRD Number (if applicable):** 000005845

**SEC File Number (if applicable):** 801-7566

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kristen Niebuhr<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-687-9800

**Signature, Place, and Date of Signing:**

/s/ Kristen Niebuhr  New York, NY  04-16-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 182

**Form 13F Information Table Value Total:** $1924003060

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABORATORIES | COM | 002824100 |  | 463555 | 4515 | SH |  | SOLE |  | 0 | 0 | 4515 |
| ABBVIE INC | COM | 00287Y109 |  | 6121909 | 28148 | SH |  | SOLE |  | 195 | 0 | 27953 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 360885 | 1774 | SH |  | SOLE |  | 0 | 0 | 1774 |
| AEROVIRONMENT INC | COM | 008073108 |  | 11962501 | 65351 | SH |  | SOLE |  | 12439 | 0 | 52912 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7196457 | 25087 | SH |  | SOLE |  | 3147 | 0 | 21940 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 78923861 | 274461 | SH |  | SOLE |  | 32705 | 0 | 241756 |
| AMAZON COM INC | COM | 023135106 |  | 42813000 | 205565 | SH |  | SOLE |  | 23329 | 0 | 182236 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1238575 | 9449 | SH |  | SOLE |  | 0 | 0 | 9449 |
| ANALOG DEVICES INC | COM | 032654105 |  | 8352472 | 26254 | SH |  | SOLE |  | 1273 | 0 | 24981 |
| AON PLC | SHS CL A | G0403H108 |  | 208193 | 645 | SH |  | SOLE |  | 0 | 0 | 645 |
| APPLE INC | COM | 037833100 |  | 84959781 | 334764 | SH |  | SOLE |  | 30156 | 0 | 304608 |
| APPLIED MATLS INC | COM | 038222105 |  | 7193312 | 21046 | SH |  | SOLE |  | 0 | 0 | 21046 |
| ARDAGH METAL PACKAGING S A | SHS | L02235106 |  | 54068 | 13350 | SH |  | SOLE |  | 0 | 0 | 13350 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 47908871 | 209456 | SH |  | SOLE |  | 31166 | 0 | 178290 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 501915 | 380 | SH |  | SOLE |  | 0 | 0 | 380 |
| ASTRONICS CORP | COM | 046433108 |  | 369417 | 5536 | SH |  | SOLE |  | 834 | 0 | 4702 |
| AZZ INC | COM | 002474104 |  | 388904 | 3108 | SH |  | SOLE |  | 472 | 0 | 2636 |
| BEL FUSE INC | CL B | 077347300 |  | 286081 | 1445 | SH |  | SOLE |  | 254 | 0 | 1191 |
| BIOHAVEN LTD | COM | G1110E107 |  | 11664885 | 1378828 | SH |  | SOLE |  | 132556 | 0 | 1246272 |
| BIRCHTECH CORP | COM SHS | 59833H200 |  | 97090 | 51100 | SH |  | SOLE |  | 0 | 0 | 51100 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 265942 | 13445 | SH |  | SOLE |  | 0 | 0 | 13445 |
| BLACKROCK INC | COM | 09290D101 |  | 13121722 | 13644 | SH |  | SOLE |  | 580 | 0 | 13064 |
| BLACKSTONE INC | COM | 09260D107 |  | 44333958 | 385546 | SH |  | SOLE |  | 44678 | 0 | 340868 |
| BOEING CO | COM | 097023105 |  | 38876729 | 195331 | SH |  | SOLE |  | 30896 | 0 | 164435 |
| BP PLC | SPONSORED ADR | 055622104 |  | 780200 | 16600 | SH |  | SOLE |  | 0 | 0 | 16600 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 18566603 | 306127 | SH |  | SOLE |  | 11503 | 0 | 294624 |
| BROADCOM INC | COM | 11135F101 |  | 37731213 | 121906 | SH |  | SOLE |  | 4135 | 0 | 117771 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 7257146 | 35489 | SH |  | SOLE |  | 7454 | 0 | 28035 |
| CADRE HLDGS INC | COM | 12763L105 |  | 377947 | 12319 | SH |  | SOLE |  | 2040 | 0 | 10279 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1124098 | 10938 | SH |  | SOLE |  | 0 | 0 | 10938 |
| CAREDX INC | COM | 14167L103 |  | 1340800 | 77235 | SH |  | SOLE |  | 2250 | 0 | 74985 |
| CHEVRON CORPORATION | COM | 166764100 |  | 16691980 | 80677 | SH |  | SOLE |  | 2992 | 0 | 77685 |
| CLARUS CORP NEW | COM | 18270P109 |  | 219297 | 80624 | SH |  | SOLE |  | 14060 | 0 | 66564 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 1886226 | 223222 | SH |  | SOLE |  | 2989 | 0 | 220233 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1532265 | 17978 | SH |  | SOLE |  | 36 | 0 | 17942 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 275507 | 10044 | SH |  | SOLE |  | 0 | 0 | 10044 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 3546664 | 123534 | SH |  | SOLE |  | 5623 | 0 | 117911 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 2025286 | 32969 | SH |  | SOLE |  | 238 | 0 | 32731 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 |  | 418592 | 53256 | SH |  | SOLE |  | 9216 | 0 | 44040 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 293702 | 2595 | SH |  | SOLE |  | 0 | 0 | 2595 |
| CORNING INC | COM | 219350105 |  | 766871 | 5640 | SH |  | SOLE |  | 300 | 0 | 5340 |
| CRANE NXT CO | COM | 224441105 |  | 209404 | 5159 | SH |  | SOLE |  | 857 | 0 | 4302 |
| CREXENDO INC | COM | 226552107 |  | 310795 | 50372 | SH |  | SOLE |  | 14275 | 0 | 36097 |
| CRH PLC | ORD | G25508105 |  | 45944693 | 437069 | SH |  | SOLE |  | 55465 | 0 | 381604 |
| CROWN CASTLE INC | COM | 22822V101 |  | 8379321 | 103054 | SH |  | SOLE |  | 4577 | 0 | 98477 |
| CSX CORP | COM | 126408103 |  | 246300 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| CURIOSITYSTREAM INC | COM CL A | 23130Q107 |  | 359735 | 121532 | SH |  | SOLE |  | 17040 | 0 | 104492 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 2194418 | 13370 | SH |  | SOLE |  | 235 | 0 | 13135 |
| DELTA AIR LINES INC | COM NEW | 247361702 |  | 424139 | 6380 | SH |  | SOLE |  | 0 | 0 | 6380 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 230969 | 4590 | SH |  | SOLE |  | 0 | 0 | 4590 |
| DUCOMMUN INC DEL | COM | 264147109 |  | 280478 | 2299 | SH |  | SOLE |  | 529 | 0 | 1770 |
| EA SERIES TRUST | ARS FOCUSED OPPO | 02072Q531 |  | 203504625 | 5631927 | SH |  | SOLE |  | 3057718 | 0 | 2574209 |
| EA SERIES TRUST | ARS CORE EQTY | 02072Q523 |  | 72965801 | 4187565 | SH |  | SOLE |  | 196679 | 0 | 3990886 |
| EATON CORP PLC | SHS | G29183103 |  | 27532721 | 76978 | SH |  | SOLE |  | 13406 | 0 | 63572 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 3980276 | 105187 | SH |  | SOLE |  | 2680 | 0 | 102507 |
| EQUINIX INC | COM | 29444U700 |  | 294072 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| EVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 30049H102 |  | 284683 | 47055 | SH |  | SOLE |  | 7115 | 0 | 39940 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6246542 | 36818 | SH |  | SOLE |  | 405 | 0 | 36413 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 551609 | 21734 | SH |  | SOLE |  | 3732 | 0 | 18002 |
| FIRST HAWAIIAN INC | COM | 32051X108 |  | 517440 | 21000 | SH |  | SOLE |  | 0 | 0 | 21000 |
| FIRST TR EXCHANGE-TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 1621171 | 9911 | SH |  | SOLE |  | 2525 | 0 | 7386 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 63015275 | 1072053 | SH |  | SOLE |  | 138716 | 0 | 933337 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 20604338 | 95135 | SH |  | SOLE |  | 2919 | 0 | 92216 |
| GE AEROSPACE | COM NEW | 369604301 |  | 335700 | 1183 | SH |  | SOLE |  | 0 | 0 | 1183 |
| GE VERNOVA INC | COM | 36828A101 |  | 55382886 | 63447 | SH |  | SOLE |  | 8423 | 0 | 55024 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2399108 | 6990 | SH |  | SOLE |  | 90 | 0 | 6900 |
| GENERAL MTRS CO | COM | 37045V100 |  | 867553 | 11645 | SH |  | SOLE |  | 0 | 0 | 11645 |
| GIBRALTAR INDS INC | COM | 374689107 |  | 270319 | 6780 | SH |  | SOLE |  | 1185 | 0 | 5595 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 1594315 | 32920 | SH |  | SOLE |  | 8439 | 0 | 24481 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 16393653 | 302969 | SH |  | SOLE |  | 13701 | 0 | 289268 |
| GRAHAM CORP | COM | 384556106 |  | 360822 | 4572 | SH |  | SOLE |  | 747 | 0 | 3825 |
| HARMONY BIOSCIENCES HLDGS IN | COM | 413197104 |  | 509922 | 18205 | SH |  | SOLE |  | 0 | 0 | 18205 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 6795136 | 285390 | SH |  | SOLE |  | 13253 | 0 | 272137 |
| HUBBELL INC | COM | 443510607 |  | 245370 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| INFUSYSTEM HLDGS INC | COM | 45685K102 |  | 450562 | 48815 | SH |  | SOLE |  | 8252 | 0 | 40563 |
| INNOVATE CORP | COM NEW | 45784J303 |  | 347877 | 61246 | SH |  | SOLE |  | 11617 | 0 | 49629 |
| INTELLICHECK MOBILISA INC | COM NEW | 45817G201 |  | 658115 | 94151 | SH |  | SOLE |  | 16435 | 0 | 77716 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8616922 | 35550 | SH |  | SOLE |  | 1725 | 0 | 33825 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 286723 | 10495 | SH |  | SOLE |  | 10495 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 275183 | 477 | SH |  | SOLE |  | 0 | 0 | 477 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1438637 | 37445 | SH |  | SOLE |  | 13935 | 0 | 23510 |
| ISHARES INC | US POWER INFRAST | 464286343 |  | 1840448 | 70166 | SH |  | SOLE |  | 21895 | 0 | 48271 |
| ISHARES TR | LARGE CAP MAX BU | 46438G588 |  | 533760 | 19900 | SH |  | SOLE |  | 0 | 0 | 19900 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 930651 | 13261 | SH |  | SOLE |  | 0 | 0 | 13261 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 343114 | 2409 | SH |  | SOLE |  | 0 | 0 | 2409 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 256590 | 2639 | SH |  | SOLE |  | 0 | 0 | 2639 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 1288651 | 8511 | SH |  | SOLE |  | 0 | 0 | 8511 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3584163 | 5487 | SH |  | SOLE |  | 683 | 0 | 4804 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 472710 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 433200 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 2331939 | 34058 | SH |  | SOLE |  | 60 | 0 | 33998 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 435085 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| ISHARES TR | LARGE CAP MAX BU | 46438G612 |  | 280470 | 9960 | SH |  | SOLE |  | 0 | 0 | 9960 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 464625 | 2124 | SH |  | SOLE |  | 2075 | 0 | 49 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 3310458 | 20164 | SH |  | SOLE |  | 5114 | 0 | 15050 |
| ISHARES TR | LARGE CAP MAX BU | 46438G471 |  | 265442 | 9990 | SH |  | SOLE |  | 0 | 0 | 9990 |
| IZEA WORLDWIDE INC | COM NEW | 46604H204 |  | 411123 | 117129 | SH |  | SOLE |  | 21822 | 0 | 95307 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 14303398 | 58515 | SH |  | SOLE |  | 2494 | 0 | 56021 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 6343996 | 89973 | SH |  | SOLE |  | 376 | 0 | 89597 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 3361416 | 9739 | SH |  | SOLE |  | 65 | 0 | 9674 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 82257572 | 384993 | SH |  | SOLE |  | 43134 | 0 | 341859 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 |  | 97020 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 337117 | 35153 | SH |  | SOLE |  | 5800 | 0 | 29353 |
| MARATHON PETE CORP | COM | 56585A102 |  | 40447929 | 165648 | SH |  | SOLE |  | 25295 | 0 | 140353 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 386447 | 2228 | SH |  | SOLE |  | 0 | 0 | 2228 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 4066601 | 6908 | SH |  | SOLE |  | 75 | 0 | 6833 |
| MATERION CORP | COM | 576690101 |  | 283514 | 1960 | SH |  | SOLE |  | 355 | 0 | 1605 |
| MATTHEWS INTL CORP | CL A | 577128101 |  | 444336 | 17209 | SH |  | SOLE |  | 3005 | 0 | 14204 |
| MERCK  CO INC | COM | 58933Y105 |  | 2654372 | 22066 | SH |  | SOLE |  | 245 | 0 | 21821 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1247243 | 2180 | SH |  | SOLE |  | 0 | 0 | 2180 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 201792 | 160 | SH |  | SOLE |  | 0 | 0 | 160 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 77805566 | 230303 | SH |  | SOLE |  | 25483 | 0 | 204820 |
| MIND TECHNOLOGY INC | COM NEW | 602566309 |  | 653655 | 78282 | SH |  | SOLE |  | 6580 | 0 | 71702 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 288503 | 4068 | SH |  | SOLE |  | 891 | 0 | 3177 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 959879 | 16653 | SH |  | SOLE |  | 0 | 0 | 16653 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 30224432 | 183657 | SH |  | SOLE |  | 32639 | 0 | 151018 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 407064 | 938 | SH |  | SOLE |  | 0 | 0 | 938 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 964235 | 19980 | SH |  | SOLE |  | 0 | 0 | 19980 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 793273 | 13900 | SH |  | SOLE |  | 0 | 0 | 13900 |
| NEWMONT CORP | COM | 651639106 |  | 86088086 | 795271 | SH |  | SOLE |  | 93271 | 0 | 702000 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 488363 | 5258 | SH |  | SOLE |  | 0 | 0 | 5258 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 423038 | 1474 | SH |  | SOLE |  | 0 | 0 | 1474 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 15623296 | 22900 | SH |  | SOLE |  | 1266 | 0 | 21634 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 5477808 | 149056 | SH |  | SOLE |  | 7920 | 0 | 141136 |
| NPK INTERNATIONAL INC | COM SHS | 651718504 |  | 597118 | 41209 | SH |  | SOLE |  | 7955 | 0 | 33254 |
| NUCOR CORP | COM | 670346105 |  | 1081395 | 6395 | SH |  | SOLE |  | 0 | 0 | 6395 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 52278821 | 299764 | SH |  | SOLE |  | 47656 | 0 | 252108 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 233090 | 3586 | SH |  | SOLE |  | 3036 | 0 | 550 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 9380845 | 171716 | SH |  | SOLE |  | 7140 | 0 | 164576 |
| PARK AEROSPACE CORP | COM | 70014A104 |  | 227336 | 8303 | SH |  | SOLE |  | 1555 | 0 | 6748 |
| PEPSICO INC | COM | 713448108 |  | 2474701 | 15936 | SH |  | SOLE |  | 0 | 0 | 15936 |
| PERMA-PIPE INTL HLDGS INC | COM | 714167103 |  | 263252 | 8831 | SH |  | SOLE |  | 1790 | 0 | 7041 |
| QUANTA SVCS INC | COM | 74762E102 |  | 38209596 | 69596 | SH |  | SOLE |  | 11169 | 0 | 58427 |
| QXO INC | COM NEW | 82846H405 |  | 5586280 | 287656 | SH |  | SOLE |  | 2100 | 0 | 285556 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 34977413 | 45270 | SH |  | SOLE |  | 7909 | 0 | 37361 |
| REPOSITRAK INC | COM NEW | 700215304 |  | 120726 | 15885 | SH |  | SOLE |  | 0 | 0 | 15885 |
| RICHARDSON ELECTRS LTD | COM | 763165107 |  | 494535 | 45163 | SH |  | SOLE |  | 5585 | 0 | 39578 |
| RTX CORPORATION | COM | 75513E101 |  | 45407167 | 235392 | SH |  | SOLE |  | 24553 | 0 | 210839 |
| SALESFORCE INC | COM | 79466L302 |  | 14570527 | 78055 | SH |  | SOLE |  | 14266 | 0 | 63789 |
| SANDISK CORP | COM | 80004C200 |  | 1406007 | 2213 | SH |  | SOLE |  | 0 | 0 | 2213 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 22409064 | 57201 | SH |  | SOLE |  | 2353 | 0 | 54848 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 2472464 | 16864 | SH |  | SOLE |  | 91 | 0 | 16773 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 873924 | 10660 | SH |  | SOLE |  | 64 | 0 | 10596 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 1994716 | 17993 | SH |  | SOLE |  | 120 | 0 | 17873 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 3087140 | 62531 | SH |  | SOLE |  | 255 | 0 | 62276 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 1035734 | 16907 | SH |  | SOLE |  | 1174 | 0 | 15733 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 2289869 | 21012 | SH |  | SOLE |  | 104 | 0 | 20908 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 545639 | 11890 | SH |  | SOLE |  | 68 | 0 | 11822 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 2218913 | 13720 | SH |  | SOLE |  | 70 | 0 | 13650 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 487110 | 9748 | SH |  | SOLE |  | 52 | 0 | 9696 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 12351170 | 92936 | SH |  | SOLE |  | 12616 | 0 | 80320 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 395880 | 5198 | SH |  | SOLE |  | 14 | 0 | 5184 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2142414 | 4979 | SH |  | SOLE |  | 4679 | 0 | 300 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X848 |  | 313906 | 8579 | SH |  | SOLE |  | 8579 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 4154114 | 38460 | SH |  | SOLE |  | 16722 | 0 | 21738 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 3198373 | 17590 | SH |  | SOLE |  | 6090 | 0 | 11500 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 2022177 | 41850 | SH |  | SOLE |  | 186 | 0 | 41664 |
| SPIRE GLOBAL INC | COM CL A NEW | 848560306 |  | 396232 | 31497 | SH |  | SOLE |  | 4530 | 0 | 26967 |
| STAGWELL INC | COM CL A | 85256A109 |  | 91815 | 14597 | SH |  | SOLE |  | 14597 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 28429360 | 43715 | SH |  | SOLE |  | 16781 | 0 | 26934 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 |  | 2302793 | 3734 | SH |  | SOLE |  | 16 | 0 | 3718 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 11616300 | 64535 | SH |  | SOLE |  | 365 | 0 | 64170 |
| SYNTEC OPTICS HLDGS INC | CL A | 87169M105 |  | 396000 | 56330 | SH |  | SOLE |  | 10371 | 0 | 45959 |
| TARGA RES CORP | COM | 87612G101 |  | 16551463 | 66013 | SH |  | SOLE |  | 3150 | 0 | 62863 |
| TECHPRECISION CORP | COM NEW | 878739200 |  | 947873 | 314908 | SH |  | SOLE |  | 25238 | 0 | 289670 |
| TESLA INC | COM | 88160R101 |  | 2904111 | 7812 | SH |  | SOLE |  | 0 | 0 | 7812 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1351708 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| T-MOBILE US INC | COM | 872590104 |  | 1234976 | 5880 | SH |  | SOLE |  | 0 | 0 | 5880 |
| TORTOISE CAPITAL SERIES TRUS | NORTH AMRCN PIPE | 890930308 |  | 1778378 | 41982 | SH |  | SOLE |  | 10679 | 0 | 31303 |
| UNION PAC CORP | COM | 907818108 |  | 318317 | 1312 | SH |  | SOLE |  | 0 | 0 | 1312 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 5457166 | 14234 | SH |  | SOLE |  | 7794 | 0 | 6440 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 269495 | 451 | SH |  | SOLE |  | 0 | 0 | 451 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 235593 | 539 | SH |  | SOLE |  | 0 | 0 | 539 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 612255 | 2975 | SH |  | SOLE |  | 0 | 0 | 2975 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 386000 | 1967 | SH |  | SOLE |  | 0 | 0 | 1967 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 344898 | 1604 | SH |  | SOLE |  | 0 | 0 | 1604 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 41493793 | 165591 | SH |  | SOLE |  | 26799 | 0 | 138792 |
| VIRTRA INC | COM PAR | 92827K301 |  | 215058 | 57967 | SH |  | SOLE |  | 13760 | 0 | 44207 |
| VISA INC | COM CL A | 92826C839 |  | 821837 | 2719 | SH |  | SOLE |  | 141 | 0 | 2578 |
| VISTRA CORP | COM | 92840M102 |  | 28707618 | 190964 | SH |  | SOLE |  | 30237 | 0 | 160727 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 51903785 | 191888 | SH |  | SOLE |  | 29354 | 0 | 162534 |
| XCEL ENERGY INC | COM | 98389B100 |  | 2696352 | 33942 | SH |  | SOLE |  | 100 | 0 | 33842 |

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