| The Chesapeake Growth Fund | ||
| Schedule of Investments | ||
| July 31, 2025 (Unaudited) | ||
| Common Stocks - 92.8% | Shares | Value |
| Communications - 11.4% | ||
| Entertainment Content - 3.7% | ||
| Netflix, Inc. * | 1,445 | $ 1,675,333 |
| Internet Media & Services - 7.3% | ||
| Alphabet, Inc. - Class C | 11,478 | 2,213,647 |
| Meta Platforms, Inc. - Class A | 1,040 | 804,377 |
| Shopify, Inc. - Class A * | 2,665 | 325,690 |
| 3,343,714 | ||
| Telecommunications - 0.4% | ||
| T-Mobile US, Inc. | 870 | 207,417 |
| Consumer Discretionary - 14.3% | ||
| Apparel & Textile Products - 1.0% | ||
| Deckers Outdoor Corporation * | 4,180 | 443,790 |
| Automotive - 0.8% | ||
| Ferrari N.V. * | 840 | 372,447 |
| E-Commerce Discretionary - 6.3% | ||
| Amazon.com, Inc. * | 10,870 | 2,544,776 |
| MercadoLibre, Inc. * | 136 | 322,849 |
| 2,867,625 | ||
| Home Construction - 1.8% | ||
| Toll Brothers, Inc. | 6,860 | 811,950 |
| Leisure Facilities & Services - 0.2% | ||
| McDonald's Corporation | 375 | 112,526 |
| Retail - Discretionary - 4.2% | ||
| AutoZone, Inc. * | 63 | 237,408 |
| TJX Companies, Inc. (The) | 13,507 | 1,682,027 |
| 1,919,435 | ||
| Consumer Staples - 1.0% | ||
| Beverages - 0.8% | ||
| Monster Beverage Corporation * | 5,830 | 342,512 |
| Retail - Consumer Staples - 0.2% | ||
| Costco Wholesale Corporation | 115 | 108,059 |
| The Chesapeake Growth Fund | ||
| Schedule of Investments (Continued) | ||
| Common Stocks - 92.8% (Continued) | Shares | Value |
| Energy - 1.9% | ||
| Oil & Gas Producers - 1.9% | ||
| Exxon Mobil Corporation | 7,651 | $ 854,158 |
| Financials - 10.6% | ||
| Asset Management - 6.0% | ||
| Ares Management Corporation - Class A | 1,890 | 350,652 |
| UBS Group AG | 64,180 | 2,395,839 |
| 2,746,491 | ||
| Banking - 3.9% | ||
| Citigroup, Inc. | 19,285 | 1,807,005 |
| Insurance - 0.7% | ||
| Berkshire Hathaway, Inc. - Class B * | 650 | 306,722 |
| Health Care - 2.7% | ||
| Biotech & Pharma - 1.9% | ||
| AbbVie, Inc. | 595 | 112,467 |
| Eli Lilly & Company | 1,035 | 765,972 |
| 878,439 | ||
| Medical Equipment & Devices - 0.8% | ||
| Intuitive Surgical, Inc. * | 730 | 351,196 |
| Industrials - 12.4% | ||
| Aerospace & Defense - 11.2% | ||
| Boeing Company (The) * | 7,905 | 1,753,645 |
| HEICO Corporation | 1,205 | 393,794 |
| L3Harris Technologies, Inc. | 1,685 | 463,072 |
| TransDigm Group, Inc. | 1,562 | 2,512,414 |
| 5,122,925 | ||
| Electrical Equipment - 1.2% | ||
| Amphenol Corporation - Class A | 5,035 | 536,278 |
| Materials - 2.7% | ||
| Construction Materials - 2.7% | ||
| Vulcan Materials Company | 4,540 | 1,247,002 |
| Technology - 35.8% | ||
| Semiconductors - 9.4% | ||
| Broadcom, Inc. | 4,865 | 1,428,851 |
| NVIDIA Corporation | 14,260 | 2,536,426 |
| The Chesapeake Growth Fund | ||
| Schedule of Investments (Continued) | ||
| Common Stocks - 92.8% (Continued) | Shares | Value |
| Technology - 35.8% (Continued) | ||
| Semiconductors - 9.4% (Continued) | ||
| NXP Semiconductors N.V. | 1,521 | $ 325,144 |
| 4,290,421 | ||
| Software - 12.8% | ||
| Microsoft Corporation | 5,783 | 3,085,230 |
| ServiceNow, Inc. * | 1,235 | 1,164,753 |
| Synopsys, Inc. * | 2,495 | 1,580,508 |
| 5,830,491 | ||
| Technology Hardware - 5.6% | ||
| Apple, Inc. | 12,389 | 2,571,585 |
| Technology Services - 8.0% | ||
| Gartner, Inc. * | 2,300 | 778,895 |
| Mastercard, Inc. - Class A | 4,915 | 2,784,200 |
| Moody's Corporation | 220 | 113,461 |
| 3,676,556 | ||
| Total Common Stocks (Cost $25,313,320) | $ 42,424,077 | |
| Money Market Funds - 7.3% | Shares | Value |
| Fidelity Investments Money Market Government Portfolio - Class I, 4.22% (a) (Cost $3,323,576) |
3,323,576 | $ 3,323,576 |
| Total Investments at Value - 100.1% (Cost $28,636,896) | $ 45,747,653 | |
| Liabilities in Excess of Other Assets - (0.1%) | (62,637 ) | |
| Total Net Assets - 100.0% | $ 45,685,016 | |
| * | Non-income producing security. |
| (a) | The rate shown is the 7-day effective yield as of July 31, 2025. |