Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	140,000	$29.16M	0.2%	$226.83	0.0%	COM	023135106
AMCR	AMCOR PLC	641,000	$25.48M	0.2%	$45.83	0.0%	COM NEW	G0250X149
OMC	OMNICOM GROUP INC	280,000	$21.09M	0.2%	$76.54	0.0%	COM	681919106
SUNB	SUNBELT RENTALS HOLDINGS INC	320,000	$20.83M	0.2%	$65.09	—	SHS	866966104
VST	VISTRA CORP	70,000	$10.52M	0.1%	$163.18	0.0%	COM	92840M102
PRKS	UNITED PARKS & RESORTS INC	100,000	$3.266M	0.0%	$36.46	0.0%	COM	81282V100

Increased Positions (12)

TEAM ATLASSIAN CORPORATION 0.4%

Value $50.51M (+211.5%) Shares 740,000 (+640.0%) Est. Cost $119.18 Unrealized -4.9%

BLDR BUILDERS FIRSTSOURCE INC 0.5%

Value $60.92M (+111.5%) Shares 740,000 (+164.3%) Est. Cost $115.58 Unrealized +1.7%

NRG NRG ENERGY INC 0.2%

Value $21.92M (+175.3%) Shares 150,000 (+200.0%) Est. Cost $160.76 Unrealized -1.4%

META META PLATFORMS INC 0.3%

Value $33.47M (+49.1%) Shares 58,500 (+72.1%) Est. Cost $475.91 Unrealized +37.7%

UBER UBER TECHNOLOGIES INC 0.2%

Value $21.58M (+88.6%) Shares 300,000 (+114.3%) Est. Cost $84.01 Unrealized -6.3%

COF CAPITAL ONE FINL CORP 0.2%

Value $23.72M (+50.5%) Shares 130,000 (+100.0%) Est. Cost $208.93 Unrealized +6.8%

HPQ HP INC 0.1%

Value $10.57M (+137.1%) Shares 550,000 (+175.0%) Est. Cost $21.76 Unrealized -9.2%

AVTR AVANTOR INC 0.1%

Value $15.68M (+36.8%) Shares 2,000,000 (+100.0%) Est. Cost $12.34 Unrealized -10.9%

GOOGL ALPHABET INC 0.2%

Value $23.87M (+21.0%) Shares 83,000 (+31.7%) Est. Cost $177.45 Unrealized +82.2%

BN BROOKFIELD CORP 0.1%

Value $17.6M (+18.0%) Shares 435,000 (+33.8%) Est. Cost $41.80 Unrealized +11.7%

INGR INGREDION INC 0.1%

Value $17.46M (+13.1%) Shares 155,000 (+10.7%) Est. Cost $113.11 Unrealized +2.7%

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value $14.05M (+11.3%) Shares 48,000 (+33.3%) Est. Cost $354.52 Unrealized -0.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TEAM	ATLASSIAN CORPORATION	740,000 (+640.0%)	$50.51M (+211.5%)	0.4%	$119.18	-4.9%	CL A	049468101
BLDR	BUILDERS FIRSTSOURCE INC	740,000 (+164.3%)	$60.92M (+111.5%)	0.5%	$115.58	+1.7%	COM	12008R107
NRG	NRG ENERGY INC	150,000 (+200.0%)	$21.92M (+175.3%)	0.2%	$160.76	-1.4%	COM NEW	629377508
META	META PLATFORMS INC	58,500 (+72.1%)	$33.47M (+49.1%)	0.3%	$475.91	+37.7%	CL A	30303M102
UBER	UBER TECHNOLOGIES INC	300,000 (+114.3%)	$21.58M (+88.6%)	0.2%	$84.01	-6.3%	COM	90353T100
COF	CAPITAL ONE FINL CORP	130,000 (+100.0%)	$23.72M (+50.5%)	0.2%	$208.93	+6.8%	COM	14040H105
HPQ	HP INC	550,000 (+175.0%)	$10.57M (+137.1%)	0.1%	$21.76	-9.2%	COM	40434L105
AVTR	AVANTOR INC	2,000,000 (+100.0%)	$15.68M (+36.8%)	0.1%	$12.34	-10.9%	COM	05352A100
GOOGL	ALPHABET INC	83,000 (+31.7%)	$23.87M (+21.0%)	0.2%	$177.45	+82.2%	CAP STK CL A	02079K305
BN	BROOKFIELD CORP	435,000 (+33.8%)	$17.6M (+18.0%)	0.1%	$41.80	+11.7%	CL A LTD VT SH	11271J107
INGR	INGREDION INC	155,000 (+10.7%)	$17.46M (+13.1%)	0.1%	$113.11	+2.7%	COM	457187102
ELV	ELEVANCE HEALTH INC FORMERLY	48,000 (+33.3%)	$14.05M (+11.3%)	0.1%	$354.52	-0.8%	COM	036752103

Exited Positions (7)

GIL GILDAN ACTIVEWEAR INC 0.5%

Value $55.51M Shares 888,655 Est. Cost $59.45 Unrealized +13.4%

— AMCOR PLC 0.2%

Value $26.27M Shares 3,150,000 Est. Cost $9.09 Unrealized -7.5%

ALSN ALLISON TRANSMISSION HLDGS I 0.2%

Value $22.52M Shares 230,000 Est. Cost $87.50 Unrealized +27.1%

KMI KINDER MORGAN INC DEL 0.2%

Value $21.99M Shares 800,000 Est. Cost $26.75 Unrealized +11.2%

AVT AVNET INC 0.2%

Value $20.67M Shares 430,000 Est. Cost $49.03 Unrealized +18.8%

WFC WELLS FARGO CO NEW 0.1%

Value $15.84M Shares 170,000 Est. Cost $71.15 Unrealized +26.6%

FICO FAIR ISAAC CORP 0.1%

Value $11.83M Shares 7,000 Est. Cost $1721.38 Unrealized -14.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GIL	GILDAN ACTIVEWEAR INC	888,655	$55.51M	0.5%	$59.45	+13.4%	—	375916103
—	AMCOR PLC	3,150,000	$26.27M	0.2%	$9.09	-7.5%	—	G0250X107
ALSN	ALLISON TRANSMISSION HLDGS I	230,000	$22.52M	0.2%	$87.50	+27.1%	—	01973R101
KMI	KINDER MORGAN INC DEL	800,000	$21.99M	0.2%	$26.75	+11.2%	—	49456B101
AVT	AVNET INC	430,000	$20.67M	0.2%	$49.03	+18.8%	—	053807103
WFC	WELLS FARGO CO NEW	170,000	$15.84M	0.1%	$71.15	+26.6%	—	949746101
FICO	FAIR ISAAC CORP	7,000	$11.83M	0.1%	$1721.38	-14.8%	—	303250104

Decreased Positions (1)

CMCSA COMCAST CORP NEW 0.1%

Value $9.187M (-30.1%) Shares 320,000 (-27.3%) Est. Cost $30.29 Unrealized -1.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CMCSA	COMCAST CORP NEW	320,000 (-27.3%)	$9.187M (-30.1%)	0.1%	$30.29	-1.5%	CL A	20030N101

Unchanged Positions (7)

CNA CNA FINL CORP 95.9%

Value $11.41B Shares 248,414,738 Est. Cost $14.05 Unrealized +239.3%

JBS JBS N.V. 0.2%

Value $23.89M Shares 1,330,000 Est. Cost $14.07 Unrealized +9.4%

ALLY ALLY FINL INC 0.1%

Value $14.12M Shares 360,000 Est. Cost $25.22 Unrealized +69.4%

OLN OLIN CORP 0.0%

Value $5.946M Shares 200,000 Est. Cost $21.44 Unrealized +10.2%

MAGN MAGNERA CORP 0.0%

Value $2.853M Shares 300,000 Est. Cost $17.42 Unrealized -19.4%

JBGS JBG SMITH PPTYS 0.1%

Value $7.254M Shares 496,520 Est. Cost $17.30 Unrealized —

AVTR AVANTOR INC 0.0%

Value $235K Shares 30,000 Est. Cost $12.34 Unrealized -10.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNA	CNA FINL CORP	248,414,738	$11.41B	95.9%	$14.05	+239.3%	COM	126117100
JBS	JBS N.V.	1,330,000	$23.89M	0.2%	$14.07	+9.4%	CL A SHS	N4732M103
ALLY	ALLY FINL INC	360,000	$14.12M	0.1%	$25.22	+69.4%	COM	02005N100
OLN	OLIN CORP	200,000	$5.946M	0.0%	$21.44	+10.2%	COM PAR $1	680665205
MAGN	MAGNERA CORP	300,000	$2.853M	0.0%	$17.42	-19.4%	COM SHS	55939A107
JBGS	JBG SMITH PPTYS	496,520	$7.254M	0.1%	$17.30	—	COM	46590V100
AVTR	AVANTOR INC	30,000	$235K	0.0%	$12.34	-10.9%	CALL	05352A100