Instuitional Investor - Applied Capital Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustCALL	SPY	33,400	$22,250,412	13.72%
2.	Microsoft Corp	MSFT	12,604	$6,528,242	4.03%
3.	Alphabet Inc.	GOOGL	25,561	$6,225,382	3.84%
4.	Caterpillar Inc	CAT	11,863	$5,660,430	3.49%
5.	Meta Platforms Inc.	META	7,522	$5,524,006	3.41%