# EDGAR Filing Document

**Accession Number:** 0001566030
**File Stem:** 0001398344-25-020085
**Filing Date:** 2025-10
**Character Count:** 25615
**Document Hash:** 8873cdf5ac855c63fae3f0c99296a0b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020085.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001398344-25-020085

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESTMENT HOUSE LLC
- **CENTRAL INDEX KEY:** 0001566030

**ORGANIZATION NAME:**
- **EIN:** 364728577
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15213
- **FILM NUMBER:** 251438735

**BUSINESS ADDRESS:**
- **STREET 1:** 210 AVENUE I
- **STREET 2:** SUITE C
- **CITY:** REDONDO BEACH
- **STATE:** CA
- **ZIP:** 90277
- **BUSINESS PHONE:** (310) 873-3024

**MAIL ADDRESS:**
- **STREET 1:** 210 AVENUE I
- **STREET 2:** SUITE C
- **CITY:** REDONDO BEACH
- **STATE:** CA
- **ZIP:** 90277

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** INVESTMENT HOUSE LLC<br>**Address:** 210 AVENUE I<br>SUITE C<br>REDONDO BEACH, CA 90277

**Form 13F File Number:** 028-15213

**CRD Number (if applicable):** 000163493

**SEC File Number (if applicable):** 801-76547

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:** David L. Kahn<br>**Title:** Compliance Officer<br>**Phone:** 310-873-3024

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

/s/ David L. Kahn  Las Vegas, NV  10-28-2025<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:** 223

**Form 13F Information Table Value Total:** $2108743149

      (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 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 20604335 | 83554 | SH |  | SOLE |  | 59319 | 0 | 24235 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 219900 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 5959825 | 12547 | SH |  | SOLE |  | 10131 | 0 | 2416 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 3996588 | 41963 | SH |  | SOLE |  | 34228 | 0 | 7735 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 40934667 | 2556819 | SH |  | SOLE |  | 1841709 | 0 | 715110 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1012704 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| GARMIN LTD | SHS | H2906T109 |  | 3502480 | 14225 | SH |  | SOLE |  | 13025 | 0 | 1200 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 7134555 | 292280 | SH |  | SOLE |  | 205480 | 0 | 86800 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2893621 | 2989 | SH |  | SOLE |  | 2609 | 0 | 380 |
| FERRARI N V | COM | N3167Y103 |  | 1753100 | 3613 | SH |  | SOLE |  | 3209 | 0 | 404 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 29104313 | 259235 | SH |  | SOLE |  | 191118 | 0 | 68117 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 734595 | 15653 | SH |  | SOLE |  | 13959 | 0 | 1694 |
| AT INC | COM | 00206R102 |  | 1706939 | 60444 | SH |  | SOLE |  | 28944 | 0 | 31500 |
| ABBOTT LABS | COM | 002824100 |  | 3226347 | 24088 | SH |  | SOLE |  | 13163 | 0 | 10925 |
| ABBVIE INC | COM | 00287Y109 |  | 11040290 | 47682 | SH |  | SOLE |  | 24949 | 0 | 22733 |
| ADOBE INC | COM | 00724F101 |  | 33689742 | 95506 | SH |  | SOLE |  | 49106 | 0 | 46400 |
| AECOM | COM | 00766T100 |  | 2507764 | 19221 | SH |  | SOLE |  | 9696 | 0 | 9525 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 6322753 | 39080 | SH |  | SOLE |  | 29450 | 0 | 9630 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1019741 | 7945 | SH |  | SOLE |  | 2170 | 0 | 5775 |
| AIRBNB INC | COM CL A | 009066101 |  | 9828342 | 80945 | SH |  | SOLE |  | 57925 | 0 | 23020 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1608570 | 9000 | SH |  | SOLE |  | 1000 | 0 | 8000 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 6386220 | 51000 | SH |  | SOLE |  | 38665 | 0 | 12335 |
| ALLOGENE THERAPEUTICS INC | COM | 019770106 |  | 20496 | 16529 | SH |  | SOLE |  | 0 | 0 | 16529 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 2025035 | 12341 | SH |  | SOLE |  | 10836 | 0 | 1505 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 51736839 | 212428 | SH |  | SOLE |  | 125763 | 0 | 86665 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 90148854 | 370830 | SH |  | SOLE |  | 265934 | 0 | 104896 |
| AMAZON COM INC | COM | 023135106 |  | 71843231 | 327200 | SH |  | SOLE |  | 239210 | 0 | 87990 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 598050 | 5316 | SH |  | SOLE |  | 816 | 0 | 4500 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 36816061 | 110838 | SH |  | SOLE |  | 80141 | 0 | 30697 |
| AMGEN INC | COM | 031162100 |  | 7308416 | 25898 | SH |  | SOLE |  | 16542 | 0 | 9356 |
| ANALOG DEVICES INC | COM | 032654105 |  | 827518 | 3368 | SH |  | SOLE |  | 2598 | 0 | 770 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 969360 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| APPLE INC | COM | 037833100 |  | 133639620 | 524838 | SH |  | SOLE |  | 355896 | 0 | 168943 |
| APPLE INC | CALL | 037833900 |  | 263000 | 100 | SH | Call | SOLE |  | 0 | 0 | 100 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 37209594 | 51785 | SH |  | SOLE |  | 38497 | 0 | 13288 |
| AUTODESK INC | COM | 052769106 |  | 20370377 | 64124 | SH |  | SOLE |  | 45928 | 0 | 18196 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 25781334 | 87841 | SH |  | SOLE |  | 50773 | 0 | 37068 |
| AUTONATION INC | COM | 05329W102 |  | 10115925 | 46240 | SH |  | SOLE |  | 36205 | 0 | 10035 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 790620 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| BANK AMERICA CORP | COM | 060505104 |  | 4946377 | 95879 | SH |  | SOLE |  | 95004 | 0 | 875 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5754362 | 11446 | SH |  | SOLE |  | 6022 | 0 | 5424 |
| BIOGEN INC | COM | 09062X103 |  | 242338 | 1730 | SH |  | SOLE |  | 1155 | 0 | 575 |
| BLACKROCK INC | COM | 09290D101 |  | 2075249 | 1780 | SH |  | SOLE |  | 1430 | 0 | 350 |
| BOEING CO | COM | 097023105 |  | 458639 | 2125 | SH |  | SOLE |  | 125 | 0 | 2000 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 20652208 | 3825 | SH |  | SOLE |  | 2712 | 0 | 1113 |
| BRADY CORP | CL A | 104674106 |  | 234090 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 618862 | 13722 | SH |  | SOLE |  | 4322 | 0 | 9400 |
| BROADCOM INC | COM | 11135F101 |  | 3080370 | 9337 | SH |  | SOLE |  | 9337 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 3296366 | 48066 | SH |  | SOLE |  | 42224 | 0 | 5842 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 5708693 | 47082 | SH |  | SOLE |  | 36177 | 0 | 10905 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 7653539 | 840125 | SH |  | SOLE |  | 571175 | 0 | 268950 |
| CVS HEALTH CORP | COM | 126650100 |  | 657024 | 8715 | SH |  | SOLE |  | 7990 | 0 | 725 |
| CATERPILLAR INC | COM | 149123101 |  | 2771287 | 5808 | SH |  | SOLE |  | 4058 | 0 | 1750 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1798272 | 50400 | SH |  | SOLE |  | 100 | 0 | 50300 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 4289664 | 27417 | SH |  | SOLE |  | 8539 | 0 | 18878 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1822335 | 46500 | SH |  | SOLE |  | 43250 | 0 | 3250 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 9599078 | 109541 | SH |  | SOLE |  | 64121 | 0 | 45420 |
| CISCO SYS INC | COM | 17275R102 |  | 5042531 | 73700 | SH |  | SOLE |  | 27095 | 0 | 46605 |
| CLOROX CO DEL | COM | 189054109 |  | 217008 | 1760 | SH |  | SOLE |  | 1710 | 0 | 50 |
| COCA COLA CO | COM | 191216100 |  | 1194821 | 18016 | SH |  | SOLE |  | 13141 | 0 | 4875 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1591603 | 4716 | SH |  | SOLE |  | 1370 | 0 | 3346 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 824181 | 10310 | SH |  | SOLE |  | 5510 | 0 | 4800 |
| COMPASS INC | CL A | 20464U100 |  | 481800 | 60000 | SH |  | SOLE |  | 0 | 0 | 60000 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 253028 | 2675 | SH |  | SOLE |  | 2575 | 0 | 100 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 273700 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| CORNING INC | COM | 219350105 |  | 4238080 | 51665 | SH |  | SOLE |  | 37900 | 0 | 13765 |
| CORPAY INC | COM SHS | 219948106 |  | 3370302 | 11700 | SH |  | SOLE |  | 8970 | 0 | 2730 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 59836735 | 64644 | SH |  | SOLE |  | 37646 | 0 | 26998 |
| COUPANG INC | CL A | 22266T109 |  | 10787547 | 335017 | SH |  | SOLE |  | 261458 | 0 | 73559 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 15711775 | 32040 | SH |  | SOLE |  | 24480 | 0 | 7560 |
| CUMMINS INC | COM | 231021106 |  | 14466882 | 34252 | SH |  | SOLE |  | 22814 | 0 | 11438 |
| D R HORTON INC | COM | 23331A109 |  | 9983647 | 58911 | SH |  | SOLE |  | 40514 | 0 | 18397 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 209152 | 15345 | SH |  | SOLE |  | 15000 | 0 | 345 |
| DANAHER CORPORATION | COM | 235851102 |  | 316423 | 1596 | SH |  | SOLE |  | 926 | 0 | 670 |
| DEERE  CO | COM | 244199105 |  | 7430476 | 16250 | SH |  | SOLE |  | 11647 | 0 | 4603 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 33875942 | 238950 | SH |  | SOLE |  | 184395 | 0 | 54555 |
| DISNEY WALT CO | COM | 254687106 |  | 614865 | 5370 | SH |  | SOLE |  | 3270 | 0 | 2100 |
| DONALDSON INC | COM | 257651109 |  | 769390 | 9400 | SH |  | SOLE |  | 0 | 0 | 9400 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 1655545 | 5144 | SH |  | SOLE |  | 4479 | 0 | 665 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 239513 | 2250 | SH |  | SOLE |  | 950 | 0 | 1300 |
| EBAY INC. | COM | 278642103 |  | 1061841 | 11675 | SH |  | SOLE |  | 1275 | 0 | 10400 |
| ECOLAB INC | COM | 278865100 |  | 18559127 | 67769 | SH |  | SOLE |  | 38250 | 0 | 29519 |
| EDISON INTL | COM | 281020107 |  | 557098 | 10078 | SH |  | SOLE |  | 6078 | 0 | 4000 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 11328289 | 145664 | SH |  | SOLE |  | 81509 | 0 | 64155 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 450800 | 2235 | SH |  | SOLE |  | 2235 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 373863 | 2850 | SH |  | SOLE |  | 1650 | 0 | 1200 |
| EVERCORE INC | CLASS A | 29977A105 |  | 286722 | 850 | SH |  | SOLE |  | 850 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 15435672 | 72214 | SH |  | SOLE |  | 57452 | 0 | 14762 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 7282949 | 59409 | SH |  | SOLE |  | 45604 | 0 | 13805 |
| HYPERION DEFI INC | COM NEW | 30234E203 |  | 102746 | 10725 | SH |  | SOLE |  | 10225 | 0 | 500 |
| FS KKR CAP CORP | COM | 302635206 |  | 267411 | 17911 | SH |  | SOLE |  | 17911 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 117223695 | 159623 | SH |  | SOLE |  | 118958 | 0 | 40665 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 2951133 | 10301 | SH |  | SOLE |  | 6171 | 0 | 4130 |
| FASTENAL CO | COM | 311900104 |  | 12382747 | 252503 | SH |  | SOLE |  | 176557 | 0 | 75946 |
| FEDEX CORP | COM | 31428X106 |  | 5391172 | 22862 | SH |  | SOLE |  | 9886 | 0 | 12976 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1892217 | 17047 | SH |  | SOLE |  | 5647 | 0 | 11400 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 567852 | 6835 | SH |  | SOLE |  | 4745 | 0 | 2090 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1127419 | 1416 | SH |  | SOLE |  | 1276 | 0 | 140 |
| GRAINGER W W INC | COM | 384802104 |  | 10314839 | 10824 | SH |  | SOLE |  | 4786 | 0 | 6038 |
| GRAYSCALE ETHEREUM MINI TR E | SHS NEW | 38964R203 |  | 523993 | 13374 | SH |  | SOLE |  | 11926 | 0 | 1448 |
| GRIFFON CORP | COM | 398433102 |  | 800184 | 10508 | SH |  | SOLE |  | 9271 | 0 | 1237 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 255720 | 600 | SH |  | SOLE |  | 400 | 0 | 200 |
| HP INC | COM | 40434L105 |  | 1883390 | 69166 | SH |  | SOLE |  | 44866 | 0 | 24300 |
| HEICO CORP NEW | COM | 422806109 |  | 250186 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 6494391 | 16028 | SH |  | SOLE |  | 4675 | 0 | 11353 |
| HONEYWELL INTL INC | COM | 438516106 |  | 299963 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 990280 | 1550 | SH |  | SOLE |  | 1500 | 0 | 50 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 436773 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5032366 | 149996 | SH |  | SOLE |  | 68245 | 0 | 81751 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 4244614 | 61686 | SH |  | SOLE |  | 48732 | 0 | 12954 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 31690190 | 188095 | SH |  | SOLE |  | 134471 | 0 | 53624 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4063104 | 14400 | SH |  | SOLE |  | 12785 | 0 | 1615 |
| INTUIT | COM | 461202103 |  | 52809658 | 77330 | SH |  | SOLE |  | 52477 | 0 | 24853 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 12801959 | 28625 | SH |  | SOLE |  | 27595 | 0 | 1030 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 4339198 | 22874 | SH |  | SOLE |  | 13845 | 0 | 9029 |
| INVESCO EXCHANGE TRADED FD T | BIOTECHNOLOGY | 46137V787 |  | 599485 | 8580 | SH |  | SOLE |  | 7205 | 0 | 1375 |
| IRON MTN INC DEL | COM | 46284V101 |  | 275238 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 862451 | 27821 | SH |  | SOLE |  | 24849 | 0 | 2972 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 2402792 | 23968 | SH |  | SOLE |  | 21516 | 0 | 2452 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 798683 | 7165 | SH |  | SOLE |  | 7165 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 789316 | 8832 | SH |  | SOLE |  | 7926 | 0 | 906 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 3572325 | 43061 | SH |  | SOLE |  | 41465 | 0 | 1596 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 14266788 | 98821 | SH |  | SOLE |  | 68331 | 0 | 30490 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 3870575 | 35031 | SH |  | SOLE |  | 31163 | 0 | 3868 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 |  | 722082 | 14620 | SH |  | SOLE |  | 13036 | 0 | 1584 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 800085 | 12309 | SH |  | SOLE |  | 11046 | 0 | 1263 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4725496 | 14981 | SH |  | SOLE |  | 13896 | 0 | 1085 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 17830729 | 96164 | SH |  | SOLE |  | 56655 | 0 | 39509 |
| KENVUE INC | COM | 49177J102 |  | 488263 | 30084 | SH |  | SOLE |  | 7224 | 0 | 22860 |
| LENNAR CORP | CL A | 526057104 |  | 860727 | 6829 | SH |  | SOLE |  | 4921 | 0 | 1908 |
| ELI LILLY  CO | COM | 532457108 |  | 35890269 | 47038 | SH |  | SOLE |  | 30110 | 0 | 16928 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 609354 | 6859 | SH |  | SOLE |  | 6484 | 0 | 375 |
| LOWES COS INC | COM | 548661107 |  | 20233199 | 80511 | SH |  | SOLE |  | 61506 | 0 | 19005 |
| M  T BK CORP | COM | 55261F104 |  | 266787 | 1350 | SH |  | SOLE |  | 750 | 0 | 600 |
| MAPLEBEAR INC | COM | 565394103 |  | 10541665 | 286770 | SH |  | SOLE |  | 210835 | 0 | 75935 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1495605 | 17790 | SH |  | SOLE |  | 14165 | 0 | 3625 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 11378476 | 20004 | SH |  | SOLE |  | 10689 | 0 | 9315 |
| MCDONALDS CORP | COM | 580135101 |  | 3742405 | 12315 | SH |  | SOLE |  | 7945 | 0 | 4370 |
| MCKESSON CORP | COM | 58155Q103 |  | 363108 | 470 | SH |  | SOLE |  | 350 | 0 | 120 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 34636568 | 14821 | SH |  | SOLE |  | 11293 | 0 | 3528 |
| MERCK  CO INC | COM | 58933Y105 |  | 4839908 | 57666 | SH |  | SOLE |  | 30644 | 0 | 27022 |
| MICROSOFT CORP | COM | 594918104 |  | 107217681 | 207004 | SH |  | SOLE |  | 135858 | 0 | 71146 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4046634 | 24185 | SH |  | SOLE |  | 21015 | 0 | 3170 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 574080 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 270232 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 36044513 | 78822 | SH |  | SOLE |  | 56336 | 0 | 22486 |
| NETFLIX INC | COM | 64110L106 |  | 551503 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581206 |  | 530700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1566418 | 20750 | SH |  | SOLE |  | 4350 | 0 | 16400 |
| NIKE INC | CL B | 654106103 |  | 4107515 | 58906 | SH |  | SOLE |  | 31306 | 0 | 27600 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 7770856 | 25868 | SH |  | SOLE |  | 15638 | 0 | 10230 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 10517860 | 82017 | SH |  | SOLE |  | 56727 | 0 | 25290 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 85125278 | 456240 | SH |  | SOLE |  | 325120 | 0 | 131120 |
| ORACLE CORP | COM | 68389X105 |  | 18733115 | 66609 | SH |  | SOLE |  | 31156 | 0 | 35453 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 594507 | 3259 | SH |  | SOLE |  | 3259 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 513122 | 2520 | SH |  | SOLE |  | 1730 | 0 | 790 |
| PAYCHEX INC | COM | 704326107 |  | 22998025 | 181430 | SH |  | SOLE |  | 126452 | 0 | 54978 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 9883325 | 147380 | SH |  | SOLE |  | 99847 | 0 | 47533 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 201736 | 1160 | SH |  | SOLE |  | 940 | 0 | 220 |
| PEPSICO INC | COM | 713448108 |  | 3154211 | 22459 | SH |  | SOLE |  | 12530 | 0 | 9929 |
| PFIZER INC | COM | 717081103 |  | 510834 | 20048 | SH |  | SOLE |  | 5498 | 0 | 14550 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 2367561 | 17913 | SH |  | SOLE |  | 11334 | 0 | 6579 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1386691 | 9025 | SH |  | SOLE |  | 2900 | 0 | 6125 |
| QUALCOMM INC | COM | 747525103 |  | 21558315 | 129588 | SH |  | SOLE |  | 89578 | 0 | 40010 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1469533 | 3546 | SH |  | SOLE |  | 3114 | 0 | 432 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 471686 | 2475 | SH |  | SOLE |  | 2475 | 0 | 0 |
| RH | COM | 74967X103 |  | 1608824 | 7919 | SH |  | SOLE |  | 4033 | 0 | 3886 |
| RPM INTL INC | COM | 749685103 |  | 268177 | 2275 | SH |  | SOLE |  | 2275 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 3646703 | 11630 | SH |  | SOLE |  | 10865 | 0 | 765 |
| RTX CORPORATION | COM | 75513E101 |  | 897725 | 5365 | SH |  | SOLE |  | 5365 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 14016741 | 60945 | SH |  | SOLE |  | 47145 | 0 | 13800 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 369411 | 657 | SH |  | SOLE |  | 307 | 0 | 350 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4988356 | 7488 | SH |  | SOLE |  | 1689 | 0 | 5799 |
| SPDR SERIES TRUST | BBG CONV SEC ETF | 78464A359 |  | 206793 | 2285 | SH |  | SOLE |  | 2285 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 9214893 | 91965 | SH |  | SOLE |  | 74030 | 0 | 17935 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 648291 | 5851 | SH |  | SOLE |  | 5217 | 0 | 634 |
| SALESFORCE INC | COM | 79466L302 |  | 722850 | 3050 | SH |  | SOLE |  | 1200 | 0 | 1850 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 3200021 | 56190 | SH |  | SOLE |  | 26840 | 0 | 29350 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 23558104 | 131808 | SH |  | SOLE |  | 98733 | 0 | 33075 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 950589 | 10900 | SH |  | SOLE |  | 4900 | 0 | 6000 |
| SERVICENOW INC | COM | 81762P102 |  | 619348 | 673 | SH |  | SOLE |  | 528 | 0 | 145 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 519390 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 839647 | 5650 | SH |  | SOLE |  | 4400 | 0 | 1250 |
| QXO INC | COM NEW | 82846H405 |  | 13101444 | 687379 | SH |  | SOLE |  | 472590 | 0 | 214789 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 4907279 | 67223 | SH |  | SOLE |  | 51932 | 0 | 15291 |
| SONNET BIOTHERAPEUTC HLDNG I | COM NEW | 83548R402 |  | 48663 | 10625 | SH |  | SOLE |  | 9725 | 0 | 900 |
| SOUTHERN CO | COM | 842587107 |  | 422511 | 4458 | SH |  | SOLE |  | 958 | 0 | 3500 |
| BLOCK INC | CL A | 852234103 |  | 3708752 | 51318 | SH |  | SOLE |  | 35143 | 0 | 16175 |
| STARBUCKS CORP | COM | 855244109 |  | 709794 | 8390 | SH |  | SOLE |  | 8065 | 0 | 325 |
| STRYKER CORPORATION | COM | 863667101 |  | 14968678 | 40492 | SH |  | SOLE |  | 32197 | 0 | 8295 |
| SYNOPSYS INC | COM | 871607107 |  | 1509773 | 3060 | SH |  | SOLE |  | 2350 | 0 | 710 |
| SYSCO CORP | COM | 871829107 |  | 3123980 | 37940 | SH |  | SOLE |  | 7050 | 0 | 30890 |
| TJX COS INC NEW | COM | 872540109 |  | 1212980 | 8392 | SH |  | SOLE |  | 2082 | 0 | 6310 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 3683556 | 13189 | SH |  | SOLE |  | 8279 | 0 | 4910 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 546431 | 2115 | SH |  | SOLE |  | 2100 | 0 | 15 |
| TARGET CORP | COM | 87612E106 |  | 260130 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1562301 | 3513 | SH |  | SOLE |  | 945 | 0 | 2568 |
| TEXAS INSTRS INC | COM | 882508104 |  | 22212345 | 120897 | SH |  | SOLE |  | 79141 | 0 | 41756 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 847815 | 1748 | SH |  | SOLE |  | 1585 | 0 | 163 |
| 3M CO | COM | 88579Y101 |  | 1050258 | 6768 | SH |  | SOLE |  | 4843 | 0 | 1925 |
| TOLL BROTHERS INC | COM | 889478103 |  | 2300860 | 16656 | SH |  | SOLE |  | 9756 | 0 | 6900 |
| TRIMBLE INC | COM | 896239100 |  | 12311595 | 150785 | SH |  | SOLE |  | 77475 | 0 | 73310 |
| US BANCORP DEL | COM NEW | 902973304 |  | 291188 | 6025 | SH |  | SOLE |  | 5775 | 0 | 250 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 20105501 | 205221 | SH |  | SOLE |  | 151569 | 0 | 53652 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1036091 | 1895 | SH |  | SOLE |  | 1375 | 0 | 520 |
| UNION PAC CORP | COM | 907818108 |  | 12968913 | 54867 | SH |  | SOLE |  | 36372 | 0 | 18495 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 256437 | 3070 | SH |  | SOLE |  | 725 | 0 | 2345 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 23958641 | 69385 | SH |  | SOLE |  | 49949 | 0 | 19436 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 843928 | 3247 | SH |  | SOLE |  | 2896 | 0 | 351 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 200037 | 927 | SH |  | SOLE |  | 927 | 0 | 0 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 511407 | 2700 | SH |  | SOLE |  | 1700 | 0 | 1000 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 517116 | 11766 | SH |  | SOLE |  | 11266 | 0 | 500 |
| VISA INC | COM CL A | 92826C839 |  | 16117570 | 47213 | SH |  | SOLE |  | 34835 | 0 | 12378 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 836507 | 7300 | SH |  | SOLE |  | 350 | 0 | 6950 |
| WALMART INC | COM | 931142103 |  | 12058329 | 117003 | SH |  | SOLE |  | 78594 | 0 | 38409 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 5852282 | 299656 | SH |  | SOLE |  | 197402 | 0 | 102254 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 29591368 | 134001 | SH |  | SOLE |  | 93508 | 0 | 40493 |
| WATERS CORP | COM | 941848103 |  | 4289681 | 14308 | SH |  | SOLE |  | 6502 | 0 | 7806 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 26114401 | 133612 | SH |  | SOLE |  | 105594 | 0 | 28018 |
| WINGSTOP INC | COM | 974155103 |  | 254197 | 1010 | SH |  | SOLE |  | 510 | 0 | 500 |
| YUM BRANDS INC | COM | 988498101 |  | 2441120 | 16060 | SH |  | SOLE |  | 12010 | 0 | 4050 |
| ZOETIS INC | CL A | 98978V103 |  | 7293411 | 49846 | SH |  | SOLE |  | 28213 | 0 | 21633 |
| ZSCALER INC | COM | 98980G102 |  | 242725 | 810 | SH |  | SOLE |  | 490 | 0 | 320 |

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