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      <regStreet1>8500 Maryland Avenue</regStreet1>
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      <regZipOrPostalCode>63105</regZipOrPostalCode>
      <regPhone>314-725-6161</regPhone>
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      <repPdDate>2026-05-31</repPdDate>
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      <totLiabs>88124.06</totLiabs>
      <netAssets>76502861.42</netAssets>
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      <assetsInvested>0.00</assetsInvested>
      <amtPayOneYrBanksBorr>0.00</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00</amtPayOneYrCtrldComp>
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        <fairValLevel>1</fairValLevel>
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        <name>Advanced Micro Devices, Inc.</name>
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        <title>Advanced Micro Devices, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Express Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Analog Devices, Inc.</name>
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        <name>Apple, Inc.</name>
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        <name>Arista Networks, Inc.</name>
        <lei>635400H1WKBLOQERUU95</lei>
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        <name>Bank of America Corp.</name>
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        <name>BlackRock, Inc.</name>
        <lei>549300LRIF3NWCU26A80</lei>
        <title>BlackRock, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>The Boeing Co.</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>The Boeing Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Booking Holdings, Inc.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CME Group, Inc.</name>
        <lei>LCZ7XYGSLJUHFXXNXD88</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Cadence Design Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Caterpillar, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>The Charles Schwab Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chubb Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comfort Systems USA, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ecolab, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eli Lilly &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Corpay, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GE Vernova, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>General Electric Co.</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>General Electric Co.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>The Hartford Financial Services Group, Inc.</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>The Hartford Financial Services Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Hilton Worldwide Holdings, Inc.</name>
        <lei>549300HVGPK36ICB0B89</lei>
        <title>Hilton Worldwide Holdings, Inc.</title>
        <cusip>43300A203</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Interactive Brokers Group, Inc.</name>
        <lei>5493004DT6DCDUZNDM53</lei>
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        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Intuitive Surgical, Inc.</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical, Inc.</title>
        <cusip>46120E602</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>478160104</cusip>
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        <balance>1940.00</balance>
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        <curCd>USD</curCd>
        <valUSD>437140.20</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA Corp.</title>
        <cusip>482480100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LPL Financial Holdings, Inc.</name>
        <lei>549300XROQ4Y8G2L7682</lei>
        <title>LPL Financial Holdings, Inc.</title>
        <cusip>50212V100</cusip>
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        <balance>165.00</balance>
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        <curCd>USD</curCd>
        <valUSD>45172.05</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lam Research Corp.</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corp.</title>
        <cusip>512807108</cusip>
        <identifiers>
          <isin value="US5128071082"/>
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        <balance>1155.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367497.90</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>N/A</lei>
        <title>MSCI, Inc.</title>
        <cusip>55354G100</cusip>
        <identifiers>
          <isin value="XC0009692739"/>
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        <balance>235.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148374.30</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc.</title>
        <cusip>571903202</cusip>
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        <balance>590.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221604.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Mastercard, Inc.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard, Inc. Class A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <isin value="US57636Q1040"/>
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        <balance>3635.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1795617.30</valUSD>
        <pctVal>2.35</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>McDonalds Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonalds Corp.</title>
        <cusip>580135101</cusip>
        <identifiers>
          <isin value="US5801351017"/>
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        <balance>1030.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>287576.00</valUSD>
        <pctVal>0.38</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mercury General Corp.</name>
        <lei>5493001Q9EXPCEL4W527</lei>
        <title>Mercury General Corp.</title>
        <cusip>589400100</cusip>
        <identifiers>
          <isin value="US5894001008"/>
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        <balance>5110.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500933.30</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc. Class A</title>
        <cusip>30303M102</cusip>
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        <balance>5515.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3488292.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
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        <balance>1660.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1611860.00</valUSD>
        <pctVal>2.11</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
        <cusip>594918104</cusip>
        <identifiers>
          <isin value="US5949181045"/>
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        <balance>7395.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3329524.80</valUSD>
        <pctVal>4.35</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Monster Beverage Corp.</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>Monster Beverage Corp.</title>
        <cusip>61174X109</cusip>
        <identifiers>
          <isin value="US61174X1090"/>
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        <balance>7330.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>645626.40</valUSD>
        <pctVal>0.84</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Moodys Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moodys Corp.</title>
        <cusip>615369105</cusip>
        <identifiers>
          <isin value="US6153691059"/>
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        <balance>1155.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>523503.75</valUSD>
        <pctVal>0.68</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
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        <balance>1695.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>352560.00</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
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        <balance>23015.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4859387.10</valUSD>
        <pctVal>6.35</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
        <cusip>64110L106</cusip>
        <identifiers>
          <isin value="US64110L1061"/>
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        <balance>27650.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2378453.00</valUSD>
        <pctVal>3.11</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nextracker Inc.</name>
        <lei>2138001D4HUZ48PR8M23</lei>
        <title>Nextracker Inc.</title>
        <cusip>65290E101</cusip>
        <identifiers>
          <isin value="US65290E1010"/>
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        <balance>1090.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170476.00</valUSD>
        <pctVal>0.22</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OReilly Automotive, Inc.</name>
        <lei>549300K2RLMQL149Q332</lei>
        <title>OReilly Automotive, Inc.</title>
        <cusip>67103H107</cusip>
        <identifiers>
          <isin value="US67103H1077"/>
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        <balance>6075.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>527796.00</valUSD>
        <pctVal>0.69</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389X105</cusip>
        <identifiers>
          <isin value="US68389X1054"/>
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        <balance>5315.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1200020.70</valUSD>
        <pctVal>1.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palantir Technologies, Inc.</name>
        <lei>549300UVN46B3BBDHO85</lei>
        <title>Palantir Technologies, Inc. Class A</title>
        <cusip>69608A108</cusip>
        <identifiers>
          <isin value="US69608A1088"/>
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        <balance>2405.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>376478.70</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palo Alto Networks, Inc.</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks, Inc.</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
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        <balance>1580.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>445070.20</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palomar Holdings, Inc.</name>
        <lei>549300DOI1MUW11BLX74</lei>
        <title>Palomar Holdings, Inc.</title>
        <cusip>69753M105</cusip>
        <identifiers>
          <isin value="US69753M1053"/>
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        <balance>615.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65829.60</valUSD>
        <pctVal>0.09</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paycom Software, Inc.</name>
        <lei>254900LSB0HNJUDC6Q18</lei>
        <title>Paycom Software, Inc.</title>
        <cusip>70432V102</cusip>
        <identifiers>
          <isin value="US70432V1026"/>
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        <balance>1665.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232550.55</valUSD>
        <pctVal>0.30</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
        <cusip>713448108</cusip>
        <identifiers>
          <isin value="US7134481081"/>
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        <balance>595.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85793.05</valUSD>
        <pctVal>0.11</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qualcomm, Inc.</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>Qualcomm, Inc.</title>
        <cusip>747525103</cusip>
        <identifiers>
          <isin value="US7475251036"/>
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        <balance>675.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169438.50</valUSD>
        <pctVal>0.22</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reddit, Inc.</name>
        <lei>N/A</lei>
        <title>Reddit, Inc.</title>
        <cusip>75734B100</cusip>
        <identifiers>
          <isin value="US75734B1008"/>
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        <balance>1165.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205040.00</valUSD>
        <pctVal>0.27</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Robinhood Markets, Inc.</name>
        <lei>N/A</lei>
        <title>Robinhood Markets, Inc.</title>
        <cusip>770700102</cusip>
        <identifiers>
          <isin value="US7707001027"/>
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        <balance>2725.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>256967.50</valUSD>
        <pctVal>0.34</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P Global, Inc.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global, Inc.</title>
        <cusip>78409V104</cusip>
        <identifiers>
          <isin value="US78409V1044"/>
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        <balance>1985.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>841640.00</valUSD>
        <pctVal>1.10</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEI Investments Co.</name>
        <lei>0N2JSH1PTH72JCCP2A88</lei>
        <title>SEI Investments Co.</title>
        <cusip>784117103</cusip>
        <identifiers>
          <isin value="US7841171033"/>
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        <balance>1320.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116001.60</valUSD>
        <pctVal>0.15</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
        <cusip>79466L302</cusip>
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          <isin value="US79466L3024"/>
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        <balance>610.00</balance>
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        <curCd>USD</curCd>
        <valUSD>116571.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SanDisk Corp.</name>
        <lei>N/A</lei>
        <title>SanDisk Corp.</title>
        <cusip>80004C101</cusip>
        <identifiers>
          <isin value="US80004C2008"/>
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        <balance>145.00</balance>
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        <curCd>USD</curCd>
        <valUSD>245772.10</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ServiceNow, Inc.</name>
        <lei>549300HJTQM36M0E1G39</lei>
        <title>ServiceNow, Inc.</title>
        <cusip>81762P102</cusip>
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          <isin value="US81762P1021"/>
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        <balance>3475.00</balance>
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        <curCd>USD</curCd>
        <valUSD>432185.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Skyward Specialty Insurance Group, Inc.</name>
        <lei>N/A</lei>
        <title>Skyward Specialty Insurance Group, Inc.</title>
        <cusip>830940102</cusip>
        <identifiers>
          <isin value="US8309401029"/>
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        <balance>1280.00</balance>
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        <curCd>USD</curCd>
        <valUSD>56473.60</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stifel Financial Corp.</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp.</title>
        <cusip>860630102</cusip>
        <identifiers>
          <isin value="US8606301021"/>
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        <balance>1410.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98911.50</valUSD>
        <pctVal>0.13</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
        <cusip>863667101</cusip>
        <identifiers>
          <isin value="US8636671013"/>
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        <balance>230.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70170.70</valUSD>
        <pctVal>0.09</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>T-Mobile US, Inc.</name>
        <lei>549300QHIJYOHPACPG31</lei>
        <title>T-Mobile US, Inc.</title>
        <cusip>872590104</cusip>
        <identifiers>
          <isin value="US8725901040"/>
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        <balance>685.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128458.05</valUSD>
        <pctVal>0.17</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The TJX Cos., Inc.</name>
        <lei>V167QI9I69W364E2DY52</lei>
        <title>The TJX Cos., Inc.</title>
        <cusip>872540109</cusip>
        <identifiers>
          <isin value="US8725401090"/>
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        <balance>880.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136180.00</valUSD>
        <pctVal>0.18</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tesla, Inc.</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>Tesla, Inc.</title>
        <cusip>88160R101</cusip>
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        <balance>3255.00</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508104</cusip>
        <identifiers>
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        <balance>735.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>224674.80</valUSD>
        <pctVal>0.29</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Cigna Group</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>The Cigna Group</title>
        <cusip>125523100</cusip>
        <identifiers>
          <isin value="US1255231003"/>
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        <balance>575.00</balance>
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        <curCd>USD</curCd>
        <valUSD>159505.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Coca-Cola Co.</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>The Coca-Cola Co.</title>
        <cusip>191216100</cusip>
        <identifiers>
          <isin value="US1912161007"/>
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        <balance>4325.00</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Hanover Insurance Group, Inc.</name>
        <lei>JJYR6MFKFF6CF8DBZ078</lei>
        <title>The Hanover Insurance Group, Inc.</title>
        <cusip>410867105</cusip>
        <identifiers>
          <isin value="US4108671052"/>
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        <balance>910.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169442.00</valUSD>
        <pctVal>0.22</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Procter &amp; Gamble Co.</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>The Procter &amp; Gamble Co.</title>
        <cusip>742718109</cusip>
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        <balance>2325.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>333777.00</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Progressive Corp.</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>The Progressive Corp.</title>
        <cusip>743315103</cusip>
        <identifiers>
          <isin value="US7433151039"/>
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        <balance>1695.00</balance>
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        <curCd>USD</curCd>
        <valUSD>322728.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Visa, Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa, Inc. Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
        <cusip>931142103</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>4246867.50</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Sparrow Funds</ncom:nameOfApplicant>
      <ncom:signature>/s/ Gerald Sparrow</ncom:signature>
      <ncom:signerName>Gerald Sparrow</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
