APPIX Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	n/a	Sprott Physical Gold Trust	8.34%	175,000
2	LITE.0.5 12.15.26	Lumentum Holdings Inc. 0.5%	4.07%	2,000,000
3	AER	AerCap Holdings N.V.	3.95%	18,000
4	TSX: BEI.UN	Boardwalk Real Estate Investment Trust	3.87%	40,000
5	CF	CF Industries Holdings, Inc.	3.78%	22,000
6	MOS	The Mosaic Company	3.77%	55,000
7	DG	Dollar General Corporation	3.69%	20,000
8	KRX: 005930	Samsung Electronics Co., Ltd.	3.55%	46,000
9	EPA: BOL	Bolloré SE	3.01%	250,000
10	OUNZ	VanEck Merk Gold ETF	3.01%	50,000
11	GXO	GXO Logistics, Inc.	2.89%	37,000
12	WCC	WESCO International, Inc.	2.86%	9,000
13	IBIT	iShares Bitcoin Trust ETF	2.82%	25,000
14	WLFC	Willis Lease Finance Corporation	2.80%	11,000
15	HUM	Humana Inc.	2.65%	6,000
16	TSX: U.UN	Sprott Physical Uranium Trust Fund	2.61%	85,000
17	VFC	V.F. Corporation	2.60%	110,000
18	DEA	Easterly Government Properties, Inc.	2.55%	62,000
19	ITRN	Ituran Location and Control Ltd.	2.53%	35,000
20	WMMVY	Wal-Mart de México, S.A.B. de C.V.	2.48%	40,000
21	AGNC	AGNC Investment Corp.	2.46%	145,000
22	TII.0.5 01.15.28	United States Treasury Notes 0.5%	2.41%	1,000,000
23	SWK	Stanley Black & Decker, Inc.	2.36%	19,000
24	HLF	Herbalife Ltd.	2.22%	150,000
25	CCJ	Cameco Corporation	2.22%	20,000
26	ALEX	Alexander & Baldwin, Inc.	2.21%	65,000
27	GOIXX	Federated Government Obligations Fund	1.97%	1,038,793
28	CRL	Charles River Laboratories International, Inc.	1.93%	7,500
29	SONY	Sony Group Corporation	1.75%	35,000
30	DSX	Diana Shipping Inc.	1.73%	600,000
31	CC	The Chemours Company	1.73%	90,000
32	MTBA	Simplify MBS ETF	1.36%	14,500
33	GRVY	Gravity Co., Ltd.	1.22%	10,000
34	RHHBY	Roche Holding AG	0.99%	13,000
35	FNMA.V8.25 PERP S	Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu	0.95%	35,000
36	MDT	Medtronic plc	0.94%	6,000
37	AER.3.65 07.21.27	AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.65%	0.93%	500,000
38	FNMA.8.25 PERP T	Federal National Mortgage Association Fannie Mae 8.25 % Non Cum Pfd Registe	0.88%	35,000
39	ARDX	Ardelyx, Inc.	0.87%	125,000
40	n/a	Spring Bank 4.88 3/31/26	0.47%	250,000
41	n/a	Cdb 5 09/08/25	0.47%	250,000
42	n/a	Cash At Broker	0.11%	60,127
43	MOEX: MOEX	Moscow Exchange MICEX-RTS	0.00%	1,300,000
44	n/a	Cash	0.00%	23
45	MOEX: SBER	Sberbank of Russia	0.00%	324,000

As of May 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	69.35%
Other	14.22%
Cash	6.51%
Not Classified	6.40%
Bond	3.52%

Sector Breakdown

Sector	% Weight
Other	36.60%
Information Technology	14.53%
Financials	10.41%
Materials	7.49%
Industrials	6.95%
Consumer Staples	6.80%
Real Estate	6.07%
Health Care	4.62%
Consumer Discretionary	3.31%
Communication Services	3.22%

Country Breakdown

Sector	% Weight
United States	59.97%
Canada	14.68%
Korea	4.38%
Other	4.10%
Cayman Islands	3.83%
Ireland	3.43%
Germany	3.31%
France	3.22%
Israel	3.08%