NPORT-P false 0000778206 XXXXXXXX S000016025 C000044035 C000044036 SHELTON FUNDS 811-04417 0000778206 254900S73SCF59AAL583 1125 17th Street, Ste. 2550 Denver 80202-1805 800-955-9888 Shelton Equity Income Fund S000016025 2549004NHJ9G2KY61O26 2025-08-31 2025-08-31 N 998055637.67 11372176.44 986683461.2299999 0 0 0 0 0 0 0 0 0 0 0 0 0 1524328.61 N S&P 500 SPX Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 92343V104 -100 NS USD -3500 -0.0003547237 Short EC CORP US N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 30303M102 -60 NS USD -80400 -0.0081485099 Short EC CORP US N 1 N N N Synopsys Inc QG7T915N9S0NY5UKNE63 871607107 -80 NS USD -147200 -0.014918665 Short EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 931142103 -356 NS USD -17088 -0.0017318624 Short EC CORP US N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 F5396X102 -100 NS USD -60000 -0.0060809776 Short EC CORP FR N 1 N N N Prologis Inc. 529900DFH19P073LZ636 74340W103 -100 NS USD -17000 -0.0017229436 Short EC CORP US N 1 N N N Fastenal Co. 529900PP0C7H2HHPSJ32 311900104 -150 NS USD -14700 -0.0014898395 Short EC CORP US N 1 N N N The Procter & Gamble Co. 2572IBTT8CCZW6AU4141 742718109 40100 NS USD 6297304 0.6382294066 Long EC CORP US N 1 N N N Nasdaq Inc 549300L8X1Q78ERXFD06 631103108 -100 NS USD -8250 -0.0008361344 Short EC CORP US N 1 N N N NetApp Inc. QTX3D84DZDD5JYOCYH15 64110D104 -220 NS USD -68640 -0.0069566383 Short EC CORP US N 1 N N N Starbucks Corp. OQSJ1DU9TAOC51A47K68 855244109 -100 NS USD -4000 -0.0004053985 Short EC CORP US N 1 N N N Servicenow Inc 549300HJTQM36M0E1G39 81762P102 -14 NS USD -38710 -0.003923244 Short EC CORP US N 1 N N N Iron Mountain Inc. SQL3F6CKNNBM3SQGHX24 46284V101 24000 NS USD 2215920 0.2245826637 Long EC CORP US N 1 N N N Nike, Inc. 787RXPR0UX0O0XUXPZ81 654106103 -100 NS USD -11300 -0.0011452508 Short EC CORP US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 040413205 127900 NS USD 17464745 1.7700453779 Long EC CORP US N 1 N N N Paypal Holdings Inc. 5493005X2GO78EFZ3E94 70450Y103 -400 NS USD -49600 -0.0050269415 Short EC CORP US N 1 N N N Molson Coors Beverage Company 54930073LBBH6ZCBE225 60871R209 -100 NS USD -8400 -0.0008513369 Short EC CORP US N 1 N N N Stryker Corporation 5493002F0SC4JTBU5137 863667101 -30 NS USD -9870 -0.0010003208 Short EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 037833100 131300 NS USD 30479982 3.0891347831 Long EC CORP US N 1 N N N Bristol-Myers Squibb Company HLYYNH7UQUORYSJQCN42 110122108 157200 NS USD 7416696 0.7516793674 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 46625H100 -60 NS USD -40920 -0.0041472267 Short EC CORP US N 1 N N N RTX Corp. I07WOS4YJ0N7YRFE7309 75513E101 26900 NS USD 4266340 0.4323919644 Long EC CORP US N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 78409V104 -10 NS USD -13700 -0.0013884899 Short EC CORP US N 1 N N N Snrg Corporation N/A 78461V109 -27 NS USD -17847 -0.0018087868 Short EC CORP US N 1 N N N Travelers Companies, Inc. 549300Y650407RU8B149 89417E109 -127 NS USD -65405 -0.0066287723 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -375 NC USD -11625 -0.0011781894 Short DE CORP US N 1 N/A N/A Call Written Exxon Mobil Corp. EXXON MOBIL CORP COM 100 120 USD 2025-09-19 XXXX 0 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -121 NC USD -39930 -0.0040468906 Short DE CORP US N 1 N/A N/A Call Written Ulta Beauty Inc ULTA BEAUTY INC COM 100 520 USD 2025-09-19 XXXX 0 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -339 NC USD -49155 -0.0049818409 Short DE CORP US N 1 N/A N/A Call Written Trane Technologies PLC TRANE TECHNOLOGIES COM USD1 100 440 USD 2025-09-19 XXXX 0 N N N Tesla Inc 54930043XZGB27CTOV49 88160R101 -50 NS USD -36500 -0.0036992614 Short EC CORP US N 1 N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 883556102 -5 NS USD -2865 -0.0002903667 Short EC CORP US N 1 N N N Vertex Pharmaceuticals Incorporated 54930015RAQRRZ5ZGJ91 92532F100 -60 NS USD -10800 -0.001094576 Short EC CORP US N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 G8994E103 38900 NS USD 16166840 1.6385031913 Long EC CORP IE N 1 N N N American Water Works Company, Inc. 549300DXHIJQMD5WFW18 030420103 40100 NS USD 5754751 0.5832418629 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 67066G104 -250 NS USD -25750 -0.0026097529 Short EC CORP US N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 11135F101 -260 NS USD -362700 -0.0367595094 Short EC CORP US N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 30303M102 19400 NS USD 14330780 1.4524191965 Long EC CORP US N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 11135F101 64100 NS USD 19062699 1.9319974185 Long EC CORP US N 1 N N N Intuitive Surgical Inc. 54930052SRG011710797 46120E602 -60 NS USD -16200 -0.0016418639 Short EC CORP US N 1 N N N CBRE Group Inc. 52990016II9MJ2OSWA10 12504L109 85800 NS USD 13909896 1.4097627605 Long EC CORP US N 1 N N N Devon Energy Corporation 54930042348RKR3ZPN35 25179M103 78500 NS USD 2833850 0.2872096383 Long EC CORP US N 1 N N N Newmont Corporation 549300VSP3RIX7FGDZ51 651639106 -400 NS USD -322000 -0.0326345796 Short EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 478160104 -784 NS USD -470400 -0.0476748642 Short EC CORP US N 1 N N N Linde PLC 5299003QR1WT0EF88V51 G54950103 20600 NS USD 9852774 0.9985749622 Long EC CORP IE N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -100 NC USD -11300 -0.0011452508 Short DE CORP US N 1 N/A N/A Call Written Yum! Brands Inc. YUM BRANDS INC COM 100 150 USD 2025-09-19 XXXX 0 N N N Williams Companies Inc. (The) D71FAKCBLFS2O0RBPG08 969457100 -150 NS USD -4500 -0.0004560733 Short EC CORP US N 1 N N N Waste Management, Inc. 549300YX8JIID70NFS41 94106L109 -75 NS USD -13125 -0.0013302138 Short EC CORP US N 1 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 949746101 -200 NS USD -110000 -0.0111484589 Short EC CORP US N 1 N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 911312106 -100 NS USD -11100 -0.0011249809 Short EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 907818108 -100 NS USD -6500 -0.0006587726 Short EC CORP US N 1 N N N UnitedHealth Group Inc. 549300GHBMY8T5GXDE41 91324P102 -56 NS USD -8792 -0.0008910659 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -100 NC USD -23900 -0.0024222561 Short DE CORP US N 1 N/A N/A Call Written Uber Technologies Inc UBER TECHNOLOGIES COM 100 95 USD 2025-09-19 XXXX 0 N N N Target Corp. 8WDDFXB5T1Z6J0XC1L66 87612E106 -40 NS USD -960 -0.0000972956 Short EC CORP US N 1 N N N TCF Finl Corp 529900O3NA77R4NUVL20 872275102 -450 NS USD -112050 -0.0113562256 Short EC CORP US N 1 N N N AT&T Inc 549300Z40J86GGSTL398 00206R102 -1200 NS USD -178800 -0.0181213132 Short EC CORP US N 1 N N N Skyworks Solutions, Inc. 549300WZ3ORQ2BVKBD96 83088M102 -70 NS USD -4410 -0.0004469519 Short EC CORP US N 1 N N N Constellation Brands, Inc. 5493005GKEG8QCVY7037 21036P108 -30 NS USD -5400 -0.000547288 Short EC CORP US N 1 N N N Schlumberger Limited 213800ZUA17OK3QLGM62 806857108 -120 NS USD -16080 -0.001629702 Short EC CORP CW N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -525 NC USD -338625 -0.0343195172 Short DE CORP US N 1 N/A N/A Call Written The Charles Schwab Corporation SCHWAB(CHARLES)CP COM 100 90 USD 2025-09-19 XXXX 0 N N N Railtex Inc G617XSG94Z7G0RMW3L02 750766107 -70 NS USD -48090 -0.0048739035 Short EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 75886F107 -15 NS USD -5887.5 -0.0005966959 Short EC CORP US N 1 N N N Paragon Minerals Corp. N/A 69913A108 -75 NS USD -8400 -0.0008513369 Short EC CORP CA N 1 N N N The Procter & Gamble Co. 2572IBTT8CCZW6AU4141 742718109 -100 NS USD -14200 -0.0014391647 Short EC CORP US N 1 N N N Pfizer Inc. 765LHXWGK1KXCLTFYQ30 717081103 -300 NS USD -3000 -0.0003040489 Short EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 697435105 -300 NS USD -45300 -0.0045911381 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -150 NC USD -124500 -0.0126180285 Short DE CORP US N 1 N/A N/A Call Written O'Reilly Automotive Inc. OREILLY AUTO NEW COM 100 96 USD 2025-09-19 XXXX 0 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -60 NC USD -42420 -0.0042992511 Short DE CORP US N 1 N/A N/A Call Written Oracle Corp. ORACLE CORP COM 100 240 USD 2025-09-19 XXXX 0 N N N NXP Semiconductors NV 724500M9BY5293JDF951 N6596X109 -160 NS USD -75200 -0.0076214919 Short EC CORP NL N 1 N N N NextEra Energy Inc 254900RHL9MEUS5NKX63 65339F101 -200 NS USD -2000 -0.0002026993 Short EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 N6596X109 52400 NS USD 12306140 1.2472226893 Long EC CORP NL N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -238 NC USD -315826 -0.0320088471 Short DE CORP US N 1 N/A N/A Call Written Microsoft Corp. MICROSOFT CORP COM 100 500 USD 2025-09-19 XXXX 0 N N N MSCI Inc. 549300HTIN2PD78UB763 55354G100 -17 NS USD -5100 -0.0005168831 Short EC CORP US N 1 N N N Merck & Co., Inc 4YV9Y5M8S0BRK1RP0397 58933Y105 -100 NS USD -4600 -0.0004662083 Short EC CORP US N 1 N N N Mckesson Corp. 549300WZWOM80UCFSF54 58155Q103 -6 NS USD -1230 -0.00012466 Short EC CORP US N 1 N N N MasterCard Incorporated AR5L2ODV9HN37376R084 57636Q104 -50 NS USD -106000 -0.0107430604 Short EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 532457108 -20 NS USD -2500 -0.0002533741 Short EC CORP US N 1 N N N Coca-Cola Co (The) UWJKFUJFZ02DKWI3RY53 191216100 -150 NS USD -6750 -0.00068411 Short EC CORP US N 1 N N N Henry Jack & Associates Inc. 529900X1QS8C54W0JB21 426281101 -30 NS USD -1500 -0.0001520244 Short EC CORP US N 1 N N N Gartner Inc. PP55B5R38BFB8O8HH686 366651107 -20 NS USD -8400 -0.0008513369 Short EC CORP US N 1 N N N Isramco Inc 549300D431UXDJ4KKH56 465141406 -60 NS USD -600 -0.000060809799999999995 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -150 NC USD -4950 -0.0005016806 Short DE CORP US N 1 N/A N/A Call Written Ingersoll Rand Inc INGERSOLL RAND INC COM 100 85 USD 2025-09-19 XXXX 0 N N N Intuit Inc VI90HBPH7XSFMB9E4M29 461202103 -20 NS USD -50 -0.0000050675 Short EC CORP US N 1 N N N International Business Machines Corp. VGRQXHF3J8VDLUA7XE92 459200101 -135 NS USD -8775 -0.000889343 Short EC CORP US N 1 N N N Humana Inc. 529900YLDW34GJAO4J06 444859102 -71 NS USD -77390 -0.0078434476 Short EC CORP US N 1 N N N Hershey Co. (The) 21X2CX66SU2BR6QTAD08 427866108 -25 NS USD -30125 -0.0030531575 Short EC CORP US N 1 N N N Hokuetsu Corporation 549300CBTMD053ZJ7C79 J21882105 -400 NS USD -57200 -0.0057971986 Short EC CORP JP N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -130 NC USD -41860 -0.0042424954 Short DE CORP US N 1 N/A N/A Call Written Hilton Worldwide Holdings Inc HILTON WORLDWIDE H COM 100 280 USD 2025-09-19 XXXX 0 N N N Home Depot Inc. QEKMOTMBBKA8I816DO57 437076102 -311 NS USD -995200 -0.100863148 Short EC CORP US N 1 N N N Onex Canada Asset Management Inc 5493008GPM536ZBKNN26 37989N106 -60 NS USD -180600 -0.0183037425 Short EC CORP CA N 1 N N N Global Payments Inc 549300NOMHGVQBX6S778 37940X102 -40 NS USD -7920 -0.000802689 Short EC CORP US N 1 N N N Corning Incorporated 549300X2937PB0CJ7I56 219350105 -396 NS USD -110088 -0.0111573777 Short EC CORP US N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 G1151C101 28100 NS USD 7305157 0.7403749315 Long EC CORP IE N 1 N N N Fidelity National Information Services Inc 6WQI0GK1PRFVBA061U48 31620M106 -100 NS USD -1250 -0.000126687 Short EC CORP US N 1 N N N Devon Energy Corporation 54930042348RKR3ZPN35 25179M103 -300 NS USD -28800 -0.0029188692 Short EC CORP US N 1 N N N Dominos Pizza Inc. 25490005ZWM1IF9UXU57 25754A201 -8 NS USD -2820 -0.0002858059 Short EC CORP US N 1 N N N Walt Disney Company 549300GZKULIZ0WOW665 254687106 -725 NS USD -118900 -0.0120504706 Short EC CORP US N 1 N N N Deckers Outdoor Corp. 5493008LG4W3I6K8J118 243537107 -100 NS USD -40500 -0.0041046599 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -150 NC USD -7500 -0.0007601222 Short DE CORP US N 1 N/A N/A Call Written Deere & Company DEERE & CO COM 100 520 USD 2025-09-19 XXXX 0 N N N Cematrix Corp N/A 15120R103 -150 NS USD -132750 -0.0134541629 Short EC CORP CA N 1 N N N CVS Health Corp 549300EJG376EN5NQE29 126650100 -440 NS USD -41360 -0.0041918205 Short EC CORP US N 1 N N N Cisco Systems, Inc. 549300LKFJ962MZ46593 17275R102 -1000 NS USD -147000 -0.0148983951 Short EC CORP US N 1 N N N Crowdstrike Holdings Inc 549300YBY08K9KM4HX32 22788C105 -11 NS USD -1111 -0.0001125994 Short EC CORP US N 1 N N N Salesforce Inc. RCGZFPDMRW58VJ54VR07 79466L302 -60 NS USD -62640 -0.0063485406 Short EC CORP US N 1 N N N Costco Wholesale Corporation 29DX7H14B9S6O3FD6V18 22160K105 -20 NS USD -29900 -0.0030303538 Short EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 20825C104 -175 NS USD -33950 -0.0034408198 Short EC CORP US N 1 N N N Centene Corp. 549300Z7JJ4TQSQGT333 15135B101 -100 NS USD -5000 -0.0005067481 Short EC CORP US N 1 N N N Kesselrun Resources Ltd. 5299007D0DU3WNT8A817 492537105 -350 NS USD -9450 -0.000957754 Short EC CORP CA N 1 N N N Comcast Corporation 51M0QTTNCGUN7KFCFZ59 20030N101 -1200 NS USD -80400 -0.0081485099 Short EC CORP US N 1 N N N Colgate-Palmolive Co. YMEGZFW4SBUSS5BQXF88 194162103 -300 NS USD -13500 -0.00136822 Short EC CORP US N 1 N N N CF Industries Holdings, Inc. 529900CG8YAQFZ2JMV97 125269100 -280 NS USD -30800 -0.0031215685 Short EC CORP US N 1 N N N Cadence Design Systems, Inc. GCT7RXJOGLXPV0NXZY22 127387108 -100 NS USD -84700 -0.0085843133 Short EC CORP US N 1 N N N CBRE Group Inc. 52990016II9MJ2OSWA10 12504L109 -240 NS USD -122400 -0.0124051943 Short EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 149123101 -175 NS USD -270375 -0.0274024052 Short EC CORP US N 1 N N N Carrefour S.A. 549300B8P6MUJ1YWTS08 F13923119 -400 NS USD -10800 -0.001094576 Short EC CORP FR N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -1000 NC USD -1685000 -0.1707741202 Short DE CORP US N 1 N/A N/A Call Written Citigroup Inc. CITIGROUP INC COM NEW 100 80 USD 2025-09-19 XXXX 0 N N N Berkshire Hathaway Inc. 5493000C01ZX7D35SD85 084670702 -100 NS USD -83200 -0.0084322889 Short EC CORP US N 1 N N N Bioject Med Techns N/A 09059T206 -390 NS USD -11700 -0.0011857906 Short EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 060505104 -900 NS USD -328500 -0.0332933522 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -60 NC USD -55200 -0.0055944994 Short DE CORP US N 1 N/A N/A Call Written The Boeing Company BOEING CO COM 100 230 USD 2025-09-19 XXXX 0 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -8 NC USD -411960 -0.041751992 Short DE CORP US N 1 N/A N/A Call Written Autozone, Inc. AUTOZONE INC COM 100 3700 USD 2025-09-19 XXXX 0 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -90 NC USD -136620 -0.0138463859 Short DE CORP US N 1 N/A N/A Call Written American Express Company AMER EXPRESS CO COM 100 320 USD 2025-09-19 XXXX 0 N N N American Water Works Company, Inc. 549300DXHIJQMD5WFW18 030420103 -149 NS USD -30545 -0.0030957243 Short EC CORP US N 1 N N N Amphenol Corporation 549300D3L3G0R4U4VT04 032095101 -35 NS USD -8400 -0.0008513369 Short EC CORP US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 040413106 -270 NS USD -170640 -0.0172943002 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -120 NC USD -56400 -0.0057161189 Short DE CORP US N 1 N/A N/A Call Written Amazon.com, Inc. AMAZON COM INC COM 100 230 USD 2025-09-19 XXXX 0 N N N American Tower Corporation 5493006ORUSIL88JOE18 03027X100 -20 NS USD -140 -0.000014188899999999999 Short EC CORP US N 1 N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 031162100 -70 NS USD -10570 -0.0010712655 Short EC CORP US N 1 N N N Advanced Micro Devices Inc. R2I72C950HOYXII45366 007903107 -80 NS USD -10160 -0.0010297122 Short EC CORP US N 1 N N N Automatic Data Processing, Inc. HGBOLILQXWER4SAL2I23 053015103 -20 NS USD -3480 -0.0003526967 Short EC CORP US N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 00724F101 -20 NS USD -26600 -0.0026959001 Short EC CORP US N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 G1151C101 -60 NS USD -15300 -0.0015506493 Short EC CORP IE N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 002824100 -200 NS USD -81600 -0.0082701295 Short EC CORP US N 1 N N N THE OPTIONS CLEARING CORPORATION 549300CII6SLYGKNHA04 N/A -40 NC USD -47240 -0.0047877563 Short DE CORP US N 1 N/A N/A Call Written AbbVie Inc. ABBVIE INC COM 100 200 USD 2025-09-19 XXXX 0 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 037833100 -600 NS USD -405000 -0.0410465986 Short EC CORP US N 1 N N N Yum! Brands Inc. 549300JE8XHZZ7OHN517 988498101 21200 NS USD 3115764 0.3157815168 Long EC CORP US N 1 N N N Williams Companies Inc. (The) D71FAKCBLFS2O0RBPG08 969457100 35100 NS USD 2031588 0.2059006844 Long EC CORP US N 1 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 949746101 33800 NS USD 2777684 0.2815172352 Long EC CORP US N 1 N N N Waste Management, Inc. 549300YX8JIID70NFS41 94106L109 28600 NS USD 6474754 0.6562138978 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 931142103 162800 NS USD 15788344 1.6001427631 Long EC CORP US N 1 N N N Vistra Corp 549300KP43CPCUJOOG15 92840M102 18400 NS USD 3479624 0.3526585918 Long EC CORP US N 1 N N N Vertex Pharmaceuticals Incorporated 54930015RAQRRZ5ZGJ91 92532F100 21400 NS USD 8367828 0.8480762401 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 92343V104 69900 NS USD 3091677 0.3133403084 Long EC CORP US N 1 N N N UnitedHealth Group Inc. 549300GHBMY8T5GXDE41 91324P102 20600 NS USD 6383322 0.6469472988 Long EC CORP US N 1 N N N United States Treasury Bills 254900HROIFWPRGM1V77 912797PX9 71500000 PA USD 71364785.64 7.2327943504 Long DBT UST US N 2 2025-09-18 None 0 N N N N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 911312106 49500 NS USD 4328280 0.4386695602 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 907818108 26800 NS USD 5991676 0.6072541231 Long EC CORP US N 1 N N N Ulta Beauty Inc 529900CIV6HN8M28YM82 90384S303 18600 NS USD 9164778 0.9288468248 Long EC CORP US N 1 N N N Uber Technologies Inc 549300B2FTG34FILDR98 90353T100 56800 NS USD 5325000 0.5396867597 Long EC CORP US N 1 N N N Truist Financial Corp. 549300DRQQI75D2JP341 89832Q109 123700 NS USD 5791634 0.5869799411 Long EC CORP US N 1 N N N Travelers Companies, Inc. 549300Y650407RU8B149 89417E109 53000 NS USD 14390030 1.4584241619 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 883556102 1700 NS USD 837624 0.0848928793 Long EC CORP US N 1 N N N Texas Instruments Inc. WDJNR2L6D8RWOEB8T652 882508104 17400 NS USD 3523152 0.3570701383 Long EC CORP US N 1 N N N Tesla Inc 54930043XZGB27CTOV49 88160R101 24400 NS USD 8146428 0.8256374329 Long EC CORP US N 1 N N N Target Corp. 8WDDFXB5T1Z6J0XC1L66 87612E106 12700 NS USD 1218946 0.1235397215 Long EC CORP US N 1 N N N The TJX Companies Inc. V167QI9I69W364E2DY52 872540109 10000 NS USD 1366100 0.1384537244 Long EC CORP US N 1 N N N Synopsys Inc QG7T915N9S0NY5UKNE63 871607107 12800 NS USD 7725056 0.7829315382 Long EC CORP US N 1 N N N Stryker Corporation 5493002F0SC4JTBU5137 863667101 8900 NS USD 3483549 0.3530563891 Long EC CORP US N 1 N N N Starbucks Corp. OQSJ1DU9TAOC51A47K68 855244109 29100 NS USD 2566329 0.2600964849 Long EC CORP US N 1 N N N Skyworks Solutions, Inc. 549300WZ3ORQ2BVKBD96 83088M102 16900 NS USD 1266486 0.1283578827 Long EC CORP US N 1 N N N Servicenow Inc 549300HJTQM36M0E1G39 81762P102 8000 NS USD 7339680 0.7438738246 Long EC CORP US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 808513105 139300 NS USD 13350512 1.3530694011 Long EC CORP US N 1 N N N Schlumberger Limited 213800ZUA17OK3QLGM62 806857108 35700 NS USD 1315188 0.1332938122 Long EC CORP CW N 1 N N N Salesforce Inc. RCGZFPDMRW58VJ54VR07 79466L302 37800 NS USD 9686250 0.981697817 Long EC CORP US N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 78409V104 1000 NS USD 548440 0.055584189 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 75886F107 5500 NS USD 3193850 0.3236955037 Long EC CORP US N 1 N N N Prologis Inc. 529900DFH19P073LZ636 74340W103 23100 NS USD 2628318 0.2663790469 Long EC CORP US N 1 N N N The Progressive Corporation 529900TACNVLY9DCR586 743315103 23400 NS USD 5781204 0.5859228645 Long EC CORP US N 1 N N N Pfizer Inc. 765LHXWGK1KXCLTFYQ30 717081103 119900 NS USD 2968724 0.3008790678 Long EC CORP US N 1 N N N Paypal Holdings Inc. 5493005X2GO78EFZ3E94 70450Y103 113300 NS USD 7952527 0.805985639 Long EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 697435105 67400 NS USD 12841048 1.3014354152 Long EC CORP US N 1 N N N Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 68389X105 31600 NS USD 7145708 0.7242148349 Long EC CORP US N 1 N N N O'Reilly Automotive Inc. 549300K2RLMQL149Q332 67103H107 48000 NS USD 4976640 0.5043806039 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 67066G104 134700 NS USD 23462046 2.3778695926 Long EC CORP US N 1 N N N Nike, Inc. 787RXPR0UX0O0XUXPZ81 654106103 22100 NS USD 1709877 0.1732953948 Long EC CORP US N 1 N N N NextEra Energy Inc 254900RHL9MEUS5NKX63 65339F101 51000 NS USD 3674550 0.3724142691 Long EC CORP US N 1 N N N Newmont Corporation 549300VSP3RIX7FGDZ51 651639106 47100 NS USD 3504240 0.3551534142 Long EC CORP US N 1 N N N Netflix, Inc. 549300Y7VHGU0I7CE873 64110L106 11600 NS USD 14015700 1.4204859563 Long EC CORP US N 1 N N N NetApp Inc. QTX3D84DZDD5JYOCYH15 64110D104 64800 NS USD 7308792 0.7407433374 Long EC CORP US N 1 N N N Nasdaq Inc 549300L8X1Q78ERXFD06 631103108 21000 NS USD 1989540 0.2016391354 Long EC CORP US N 1 N N N Monster Beverage Corp 52990090AP0E7HCB6F33 61174X109 130300 NS USD 8132023 0.8241774915 Long EC CORP US N 1 N N N Molson Coors Beverage Company 54930073LBBH6ZCBE225 60871R209 34100 NS USD 1721709 0.1744945636 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 594918104 36600 NS USD 18544854 1.8795140213 Long EC CORP US N 1 N N N Merck & Co., Inc 4YV9Y5M8S0BRK1RP0397 58933Y105 24500 NS USD 2060940 0.2088754987 Long EC CORP US N 1 N N N Mckesson Corp. 549300WZWOM80UCFSF54 58155Q103 1600 NS USD 1098624 0.1113451318 Long EC CORP US N 1 N N N MasterCard Incorporated AR5L2ODV9HN37376R084 57636Q104 25000 NS USD 14882250 1.5083104749 Long EC CORP US N 1 N N N MSCI Inc. 549300HTIN2PD78UB763 55354G100 3300 NS USD 1873476 0.1898760923 Long EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 532457108 8000 NS USD 5860640 0.5939736735 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 478160104 100100 NS USD 17734717 1.7974069392 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 46625H100 26700 NS USD 8047914 0.8156530758 Long EC CORP US N 1 N N N Intuitive Surgical Inc. 54930052SRG011710797 46120E602 20600 NS USD 9749877 0.9881463897 Long EC CORP US N 1 N N N Intuit Inc VI90HBPH7XSFMB9E4M29 461202103 12100 NS USD 8070700 0.8179624284 Long EC CORP US N 1 N N N International Business Machines Corp. VGRQXHF3J8VDLUA7XE92 459200101 41400 NS USD 10080486 1.0216534883 Long EC CORP US N 1 N N N Ingersoll Rand Inc 5299004C02FMZCUOIR50 45687V106 39200 NS USD 3113656 0.3155678718 Long EC CORP US N 1 N N N Humana Inc. 529900YLDW34GJAO4J06 444859102 11200 NS USD 3400992 0.344689268 Long EC CORP US N 1 N N N Home Depot Inc. QEKMOTMBBKA8I816DO57 437076102 37700 NS USD 15335229 1.5542197273 Long EC CORP US N 1 N N N Hilton Worldwide Holdings Inc 549300HVGPK36ICB0B89 43300A203 15400 NS USD 4251324 0.4308700984 Long EC CORP US N 1 N N N Hewlett Packard Enterprise Co. 549300BX44RGX6ANDV88 42824C109 284000 NS USD 6409880 0.6496389422 Long EC CORP US N 1 N N N Hershey Co. (The) 21X2CX66SU2BR6QTAD08 427866108 7800 NS USD 1433250 0.1452593518 Long EC CORP US N 1 N N N Henry Jack & Associates Inc. 529900X1QS8C54W0JB21 426281101 3000 NS USD 489780 0.0496390199 Long EC CORP US N 1 N N N Goldman Sachs Group, Inc. 784F5XWPLTWKTBV3E584 38141G104 13000 NS USD 9688250 0.9819005163 Long EC CORP US N 1 N N N Global Payments Inc 549300NOMHGVQBX6S778 37940X102 19500 NS USD 1731990 0.1755365391 Long EC CORP US N 1 N N N Gartner Inc. PP55B5R38BFB8O8HH686 366651107 7900 NS USD 1984401 0.2011182996 Long EC CORP US N 1 N N N Fidelity National Information Services Inc 6WQI0GK1PRFVBA061U48 31620M106 17900 NS USD 1249599 0.1266463916 Long EC CORP US N 1 N N N Fastenal Co. 529900PP0C7H2HHPSJ32 311900104 61400 NS USD 3049124 0.3090275777 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 30231G102 81100 NS USD 9268919 0.9394014762 Long EC CORP US N 1 N N N eBay Inc. OML71K8X303XQONU6T67 278642103 79900 NS USD 7239739 0.7337448416 Long EC CORP US N 1 N N N Dominos Pizza Inc. 25490005ZWM1IF9UXU57 25754A201 1900 NS USD 870770 0.088252214 Long EC CORP US N 1 N N N Walt Disney Company 549300GZKULIZ0WOW665 254687106 153100 NS USD 18123978 1.836858396 Long EC CORP US N 1 N N N Deere & Company PWFTNG3EI0Y73OXWDH08 244199105 26000 NS USD 12444640 1.2612596125 Long EC CORP US N 1 N N N Deckers Outdoor Corp. 5493008LG4W3I6K8J118 243537107 29400 NS USD 3517122 0.3564590001 Long EC CORP US N 1 N N N Crowdstrike Holdings Inc 549300YBY08K9KM4HX32 22788C105 7200 NS USD 3050640 0.3091812238 Long EC CORP US N 1 N N N Costco Wholesale Corporation 29DX7H14B9S6O3FD6V18 22160K105 8800 NS USD 8301216 0.8413251388 Long EC CORP US N 1 N N N Corning Incorporated 549300X2937PB0CJ7I56 219350105 76600 NS USD 5134498 0.5203794532 Long EC CORP US N 1 N N N Constellation Energy Corp. 549300F8Y20RYGNGV346 21037T109 33100 NS USD 10194138 1.033172076 Long EC CORP US N 1 N N N Constellation Brands, Inc. 5493005GKEG8QCVY7037 21036P108 15100 NS USD 2445294 0.2478296329 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 20825C104 61800 NS USD 6116346 0.619889381 Long EC CORP US N 1 N N N Comcast Corporation 51M0QTTNCGUN7KFCFZ59 20030N101 334400 NS USD 11359568 1.1512879709 Long EC CORP US N 1 N N N Colgate-Palmolive Co. YMEGZFW4SBUSS5BQXF88 194162103 75600 NS USD 6355692 0.6441470086 Long EC CORP US N 1 N N N Coca-Cola Co (The) UWJKFUJFZ02DKWI3RY53 191216100 30100 NS USD 2076599 0.2104625325 Long EC CORP US N 1 N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 172967424 184800 NS USD 17846136 1.8086992132 Long EC CORP US N 1 N N N Cisco Systems, Inc. 549300LKFJ962MZ46593 17275R102 210900 NS USD 14571081 1.4767736131 Long EC CORP US N 1 N N N Chipotle Mexican Grill Inc N/A 169656105 154000 NS USD 6489560 0.6577144804 Long EC CORP US N 1 N N N Chevron Corp. N/A 166764100 55400 NS USD 8897240 0.9017319485 Long EC CORP US N 1 N N N Centene Corp. 549300Z7JJ4TQSQGT333 15135B101 42800 NS USD 1242912 0.1259686666 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 149123101 30300 NS USD 12696912 1.2868272854 Long EC CORP US N 1 N N N Carrier Global Corporation 549300JE3W6CWY2NAN77 14448C104 87800 NS USD 5724560 0.5801820163 Long EC CORP US N 1 N N N Cadence Design Systems, Inc. GCT7RXJOGLXPV0NXZY22 127387108 33700 NS USD 11809491 1.1968874988 Long EC CORP US N 1 N N N CVS Health Corp 549300EJG376EN5NQE29 126650100 94100 NS USD 6883415 0.6976315374 Long EC CORP US N 1 N N N CF Industries Holdings, Inc. 529900CG8YAQFZ2JMV97 125269100 67800 NS USD 5873514 0.5952784485 Long EC CORP US N 1 N N N Booking Holdings Inc FXM8FAOHMYDIPD38UZ17 09857L108 1600 NS USD 8958480 0.9079385996 Long EC CORP US N 1 N N N The Boeing Company RVHJWBXLJ1RFUBSY1F30 097023105 13300 NS USD 3121244 0.3163369128 Long EC CORP US N 1 N N N Berkshire Hathaway Inc. 5493000C01ZX7D35SD85 084670702 32900 NS USD 16548042 1.6771378715 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 060505104 134900 NS USD 6844826 0.6937205567 Long EC CORP US N 1 N N N Autozone, Inc. GA3JGKJ41LJKXDN23E90 053332102 2200 NS USD 9236766 0.9361427816 Long EC CORP US N 1 N N N Automatic Data Processing, Inc. HGBOLILQXWER4SAL2I23 053015103 6500 NS USD 1976325 0.2002998001 Long EC CORP US N 1 N N N Amphenol Corporation 549300D3L3G0R4U4VT04 032095101 18100 NS USD 1970366 0.1996958576 Long EC CORP US N 1 N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 031162100 16100 NS USD 4632131 0.4694647455 Long EC CORP US N 1 N N N Amerityre Corp N/A 03073V107 20000000 NS USD 820000 0.0831066935 Long EC CORP US N 1 N N N American Tower Corporation 5493006ORUSIL88JOE18 03027X100 7400 NS USD 1508490 0.1528848977 Long EC CORP US N 1 N N N American Express Company R4PP93JZOLY261QX3811 025816109 27900 NS USD 9242712 0.9367454065 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 023135106 63800 NS USD 14610200 1.4807383091 Long EC CORP US N 1 N N N AT&T Inc 549300Z40J86GGSTL398 00206R102 388400 NS USD 11376236 1.1529772665 Long EC CORP US N 1 N N N Advanced Micro Devices Inc. R2I72C950HOYXII45366 007903107 30100 NS USD 4895163 0.4961229404 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 02079K305 113000 NS USD 24058830 2.438353428 Long EC CORP US N 1 N N N AbbVie Inc. FR5LCKFTG8054YNNRU85 00287Y109 12200 NS USD 2566880 0.2601523286 Long EC CORP US N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 00724F101 15100 NS USD 5386170 0.5458863163 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 002824100 46300 NS USD 6142158 0.6225054175 Long EC CORP US N 1 N N N 2025-10-30 SHELTON FUNDS /s/ Gregory Pusch Gregory Pusch General Counsel and CCO