Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MRSH	MARSH & MCLENNAN COS INC	5,169,119	$897M	1.2%	$181.36	0.0%	COM	571748102
SUNB	SUNBELT RENTALS HOLDINGS INC	11,653,333	$759M	1.0%	$65.09	—	SHS	866966104
ROP	ROPER TECHNOLOGIES INC	1,729,546	$612M	0.8%	$378.09	0.0%	COM	776696106
ACN	ACCENTURE PLC IRELAND	2,891,902	$573M	0.8%	$253.23	0.0%	SHS CLASS A	G1151C101
ADBE	ADOBE INC	2,293,821	$558M	0.7%	$289.87	0.0%	COM	00724F101
RJF	RAYMOND JAMES FINL INC	3,425,321	$496M	0.7%	$165.39	0.0%	COM	754730109
SYF	SYNCHRONY FINANCIAL	4,659,001	$317M	0.4%	$76.27	0.0%	COM	87165B103
CPNG	COUPANG INC	9,981,854	$188M	0.3%	$19.86	0.0%	CL A	22266T109
HLN	HALEON PLC	15,032,041	$150M	0.2%	$10.01	—	SPON ADS	405552100
ELV	ELEVANCE HEALTH INC FORMERLY	340,000	$99.53M	0.1%	$364.51	-3.6%	CALL	036752103
WAT	WATERS CORP	288,712	$85.98M	0.1%	$367.10	0.0%	COM	941848103
EQH	EQUITABLE HLDGS INC	28,245	$1.048M	0.0%	$45.61	0.0%	COM	29452E101
SAP	SAP SE	1,454	$249K	0.0%	$171.21	—	SPON ADR	803054204
UL	UNILEVER PLC	4,123	$235K	0.0%	$56.97	—	SPON ADR NEW	904767803
MBB	ISHARES TR	28	$2,659	0.0%	$94.96	—	MBS ETF	464288588
USIG	ISHARES TR	50	$2,562	0.0%	$51.24	—	USD INV GRDE ETF	464288620

Increased Positions (39)

NFLX NETFLIX INC. 1.3%

Value $948M (+30972.9%) Shares 9,859,773 (+30200.5%) Est. Cost $83.89 Unrealized -0.1%

IQV IQVIA HLDGS INC 2.8%

Value $2.078B (-18.6%) Shares 12,183,275 (+7.6%) Est. Cost $210.32 Unrealized -0.1%

IT GARTNER INC 0.7%

Value $497M (+104.2%) Shares 3,135,774 (+225.3%) Est. Cost $211.15 Unrealized -6.2%

FCNCA FIRST CTZNS BANCSHARES INC D 2.4%

Value $1.787B (-10.4%) Shares 948,101 (+2.1%) Est. Cost $1350.75 Unrealized +54.9%

SYY SYSCO CORP 1.0%

Value $785M (+34.7%) Shares 11,009,012 (+39.1%) Est. Cost $75.32 Unrealized +9.2%

CRM SALESFORCE INC 3.7%

Value $2.785B (+7.4%) Shares 14,917,993 (+52.4%) Est. Cost $240.29 Unrealized -10.2%

CRBG COREBRIDGE FINL INC 0.8%

Value $596M (-19.0%) Shares 24,964,260 (+2.4%) Est. Cost $22.20 Unrealized +36.3%

RGA REINSURANCE GROUP AMER INC 1.3%

Value $990M (+14.2%) Shares 4,850,478 (+13.8%) Est. Cost $162.08 Unrealized +28.1%

ABNB AIRBNB INC 3.2%

Value $2.42B (-4.6%) Shares 19,162,235 (+2.5%) Est. Cost $130.54 Unrealized -0.9%

PAYC PAYCOM SOFTWARE INC 0.5%

Value $396M (-22.6%) Shares 3,257,774 (+1.5%) Est. Cost $184.02 Unrealized -25.1%

FLUT FLUTTER ENTMT PLC 0.2%

Value $115M (-47.3%) Shares 1,131,464 (+11.3%) Est. Cost $236.05 Unrealized -29.5%

CG CARLYLE GROUP INC 1.1%

Value $802M (-10.7%) Shares 16,583,907 (+9.1%) Est. Cost $50.39 Unrealized +17.0%

WTW WILLIS TOWERS WATSON PLC LTD 2.3%

Value $1.749B (-5.2%) Shares 6,017,682 (+7.2%) Est. Cost $259.86 Unrealized +21.2%

CNC CENTENE CORP DEL 0.6%

Value $461M (+23.9%) Shares 14,094,531 (+55.7%) Est. Cost $62.20 Unrealized -30.3%

GPN GLOBAL PMTS INC 1.1%

Value $798M (-9.2%) Shares 11,855,322 (+4.5%) Est. Cost $94.59 Unrealized -20.8%

MDLZ MONDELEZ INTL INC 0.4%

Value $325M (+30.5%) Shares 5,631,456 (+21.9%) Est. Cost $57.99 Unrealized +0.3%

UNP UNION PAC CORP 1.2%

Value $918M (+8.5%) Shares 3,782,438 (+3.4%) Est. Cost $226.23 Unrealized +7.6%

ZBH ZIMMER BIOMET HOLDINGS INC 1.6%

Value $1.172B (+6.3%) Shares 12,959,939 (+5.7%) Est. Cost $95.13 Unrealized -3.7%

OC OWENS CORNING NEW 0.1%

Value $99.06M (+215.6%) Shares 915,393 (+226.3%) Est. Cost $129.07 Unrealized -2.6%

FISV FISERV INC 1.5%

Value $1.101B (+5.4%) Shares 19,737,630 (+26.9%) Est. Cost $91.47 Unrealized -30.1%

ICE INTERCONTINENTAL EXCHANGE IN 3.4%

Value $2.57B (+1.8%) Shares 16,342,258 (+4.9%) Est. Cost $122.70 Unrealized +34.5%

AMZN AMAZON COM INC 1.3%

Value $992M (-3.8%) Shares 4,760,706 (+6.7%) Est. Cost $164.24 Unrealized +38.1%

CRL CHARLES RIV LABS INTL INC 0.5%

Value $371M (+11.0%) Shares 2,153,296 (+28.4%) Est. Cost $155.75 Unrealized +26.8%

CDW CDW CORP 0.9%

Value $651M (+5.7%) Shares 5,383,062 (+18.9%) Est. Cost $145.40 Unrealized -10.6%

KDP KEURIG DR PEPPER INC 3.3%

Value $2.451B (+1.4%) Shares 93,082,313 (+7.9%) Est. Cost $30.44 Unrealized -7.0%

AER AERCAP HOLDINGS NV 1.1%

Value $810M (-3.6%) Shares 5,901,622 (+1.0%) Est. Cost $132.59 Unrealized +10.0%

ICLR ICON PLC 0.6%

Value $482M (+5.3%) Shares 4,351,317 (+73.3%) Est. Cost $153.51 Unrealized +1.9%

CIGI COLLIERS INTL GROUP INC 0.0%

Value $33.5M (+214.0%) Shares 313,300 (+331.5%) Est. Cost $127.59 Unrealized +5.3%

KB KB FINL GROUP INC 0.0%

Value $8.325M (+3006.1%) Shares 83,474 (+2579.7%) Est. Cost $99.09 Unrealized —

ABM ABM INDS INC 0.1%

Value $111M (-3.2%) Shares 2,882,144 (+6.3%) Est. Cost $44.82 Unrealized +0.6%

SPY STATE STR SPDR S&P 500 ETF T 0.0%

Value $5.015M (+46.0%) Shares 7,712 (+53.1%) Est. Cost $645.19 Unrealized —

MTN VAIL RESORTS INC 0.1%

Value $95.67M (+0.8%) Shares 745,558 (+4.3%) Est. Cost $199.89 Unrealized -31.0%

SGOV ISHARES TR 0.0%

Value $376K (+836.6%) Shares 3,736 (+834.0%) Est. Cost $100.63 Unrealized —

WDAY WORKDAY INC 0.0%

Value $1.516M (+23.2%) Shares 11,667 (+103.7%) Est. Cost $174.91 Unrealized -1.3%

BABA ALIBABA GROUP HLDG LTD 0.0%

Value $1.686M (+20.0%) Shares 13,441 (+40.2%) Est. Cost $130.62 Unrealized —

META META PLATFORMS INC 0.0%

Value $2.552M (-9.8%) Shares 4,461 (+4.1%) Est. Cost $376.95 Unrealized +73.9%

IDXX IDEXX LABS INC 0.0%

Value $271K (-12.0%) Shares 482 (+5.9%) Est. Cost $610.52 Unrealized +9.8%

LLY ELI LILLY & CO 0.0%

Value $414K (-7.0%) Shares 450 (+8.7%) Est. Cost $795.30 Unrealized +31.7%

AVGO BROADCOM INC 0.0%

Value $561K (-5.2%) Shares 1,813 (+6.0%) Est. Cost $222.64 Unrealized +50.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC.	9,859,773 (+30200.5%)	$948M (+30972.9%)	1.3%	$83.89	-0.1%	COM	64110L106
IQV	IQVIA HLDGS INC	12,183,275 (+7.6%)	$2.078B (-18.6%)	2.8%	$210.32	-0.1%	COM	46266C105
IT	GARTNER INC	3,135,774 (+225.3%)	$497M (+104.2%)	0.7%	$211.15	-6.2%	COM	366651107
FCNCA	FIRST CTZNS BANCSHARES INC D	948,101 (+2.1%)	$1.787B (-10.4%)	2.4%	$1350.75	+54.9%	CL A	31946M103
SYY	SYSCO CORP	11,009,012 (+39.1%)	$785M (+34.7%)	1.0%	$75.32	+9.2%	COM	871829107
CRM	SALESFORCE INC	14,917,993 (+52.4%)	$2.785B (+7.4%)	3.7%	$240.29	-10.2%	COM	79466L302
CRBG	COREBRIDGE FINL INC	24,964,260 (+2.4%)	$596M (-19.0%)	0.8%	$22.20	+36.3%	COM	21871X109
RGA	REINSURANCE GROUP AMER INC	4,850,478 (+13.8%)	$990M (+14.2%)	1.3%	$162.08	+28.1%	COM NEW	759351604
ABNB	AIRBNB INC	19,162,235 (+2.5%)	$2.42B (-4.6%)	3.2%	$130.54	-0.9%	COM CL A	009066101
PAYC	PAYCOM SOFTWARE INC	3,257,774 (+1.5%)	$396M (-22.6%)	0.5%	$184.02	-25.1%	COM	70432V102
FLUT	FLUTTER ENTMT PLC	1,131,464 (+11.3%)	$115M (-47.3%)	0.2%	$236.05	-29.5%	SHS	G3643J108
CG	CARLYLE GROUP INC	16,583,907 (+9.1%)	$802M (-10.7%)	1.1%	$50.39	+17.0%	COM	14316J108
WTW	WILLIS TOWERS WATSON PLC LTD	6,017,682 (+7.2%)	$1.749B (-5.2%)	2.3%	$259.86	+21.2%	SHS	G96629103
CNC	CENTENE CORP DEL	14,094,531 (+55.7%)	$461M (+23.9%)	0.6%	$62.20	-30.3%	COM	15135B101
GPN	GLOBAL PMTS INC	11,855,322 (+4.5%)	$798M (-9.2%)	1.1%	$94.59	-20.8%	COM	37940X102
MDLZ	MONDELEZ INTL INC	5,631,456 (+21.9%)	$325M (+30.5%)	0.4%	$57.99	+0.3%	CL A	609207105
UNP	UNION PAC CORP	3,782,438 (+3.4%)	$918M (+8.5%)	1.2%	$226.23	+7.6%	COM	907818108
ZBH	ZIMMER BIOMET HOLDINGS INC	12,959,939 (+5.7%)	$1.172B (+6.3%)	1.6%	$95.13	-3.7%	COM	98956P102
OC	OWENS CORNING NEW	915,393 (+226.3%)	$99.06M (+215.6%)	0.1%	$129.07	-2.6%	COM	690742101
FISV	FISERV INC	19,737,630 (+26.9%)	$1.101B (+5.4%)	1.5%	$91.47	-30.1%	COM	337738108
ICE	INTERCONTINENTAL EXCHANGE IN	16,342,258 (+4.9%)	$2.57B (+1.8%)	3.4%	$122.70	+34.5%	COM	45866F104
AMZN	AMAZON COM INC	4,760,706 (+6.7%)	$992M (-3.8%)	1.3%	$164.24	+38.1%	COM	023135106
CRL	CHARLES RIV LABS INTL INC	2,153,296 (+28.4%)	$371M (+11.0%)	0.5%	$155.75	+26.8%	COM	159864107
CDW	CDW CORP	5,383,062 (+18.9%)	$651M (+5.7%)	0.9%	$145.40	-10.6%	COM	12514G108
KDP	KEURIG DR PEPPER INC	93,082,313 (+7.9%)	$2.451B (+1.4%)	3.3%	$30.44	-7.0%	COM	49271V100
AER	AERCAP HOLDINGS NV	5,901,622 (+1.0%)	$810M (-3.6%)	1.1%	$132.59	+10.0%	SHS	N00985106
ICLR	ICON PLC	4,351,317 (+73.3%)	$482M (+5.3%)	0.6%	$153.51	+1.9%	SHS	G4705A100
CIGI	COLLIERS INTL GROUP INC	313,300 (+331.5%)	$33.5M (+214.0%)	0.0%	$127.59	+5.3%	SUB VTG SHS	194693107
KB	KB FINL GROUP INC	83,474 (+2579.7%)	$8.325M (+3006.1%)	0.0%	$99.09	—	SPONSORED ADR	48241A105
ABM	ABM INDS INC	2,882,144 (+6.3%)	$111M (-3.2%)	0.1%	$44.82	+0.6%	COM	000957100
SPY	STATE STR SPDR S&P 500 ETF T	7,712 (+53.1%)	$5.015M (+46.0%)	0.0%	$645.19	—	TR UNIT	78462F103
MTN	VAIL RESORTS INC	745,558 (+4.3%)	$95.67M (+0.8%)	0.1%	$199.89	-31.0%	COM	91879Q109
SGOV	ISHARES TR	3,736 (+834.0%)	$376K (+836.6%)	0.0%	$100.63	—	0-3 MNTH TREASRY	46436E718
WDAY	WORKDAY INC	11,667 (+103.7%)	$1.516M (+23.2%)	0.0%	$174.91	-1.3%	CL A	98138H101
BABA	ALIBABA GROUP HLDG LTD	13,441 (+40.2%)	$1.686M (+20.0%)	0.0%	$130.62	—	SPONSORED ADS	01609W102
META	META PLATFORMS INC	4,461 (+4.1%)	$2.552M (-9.8%)	0.0%	$376.95	+73.9%	CL A	30303M102
IDXX	IDEXX LABS INC	482 (+5.9%)	$271K (-12.0%)	0.0%	$610.52	+9.8%	COM	45168D104
LLY	ELI LILLY & CO	450 (+8.7%)	$414K (-7.0%)	0.0%	$795.30	+31.7%	COM	532457108
AVGO	BROADCOM INC	1,813 (+6.0%)	$561K (-5.2%)	0.0%	$222.64	+50.1%	COM	11135F101

Exited Positions (26)

AZN ASTRAZENECA PLC 0.5%

Value $343M Shares 3,729,731 Est. Cost $91.93 Unrealized —

APA APA CORPORATION 0.4%

Value $285M Shares 11,644,670 Est. Cost $24.09 Unrealized +9.7%

BAX BAXTER INTL INC 0.2%

Value $161M Shares 8,445,832 Est. Cost $38.32 Unrealized -46.6%

CE CELANESE CORP DEL 0.2%

Value $144M Shares 3,401,656 Est. Cost $88.53 Unrealized -44.1%

MGA MAGNA INTL INC 0.0%

Value $11.02M Shares 206,680 Est. Cost $49.63 Unrealized +15.3%

CSX CSX CORP 0.0%

Value $7.046M Shares 194,360 Est. Cost $29.78 Unrealized +29.3%

OMC OMNICOM GROUP INC 0.0%

Value $4.953M Shares 61,340 Est. Cost $75.76 Unrealized +1.0%

HHH HOWARD HUGHES HOLDINGS INC 0.0%

Value $3.063M Shares 38,394 Est. Cost $75.06 Unrealized +7.5%

APTV APTIV PLC 0.0%

Value $2.953M Shares 38,815 Est. Cost $61.22 Unrealized +32.2%

KR KROGER CO 0.0%

Value $2.602M Shares 41,645 Est. Cost $44.16 Unrealized +46.3%

MBC MASTERBRAND INC 0.0%

Value $1.2M Shares 108,716 Est. Cost $9.79 Unrealized +24.1%

PANW PALO ALTO NETWORKS INC 0.0%

Value $486K Shares 2,640 Est. Cost $201.75 Unrealized -14.7%

UNH UNITEDHEALTH GROUP INC 0.0%

Value $467K Shares 1,414 Est. Cost $298.94 Unrealized +3.3%

MCD MCDONALDS CORP 0.0%

Value $389K Shares 1,273 Est. Cost $292.57 Unrealized +8.4%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value $328K Shares 1,530 Est. Cost $108.87 Unrealized +103.6%

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value $313K Shares 541 Est. Cost $464.78 Unrealized +23.6%

ABT ABBOTT LABS 0.0%

Value $256K Shares 2,046 Est. Cost $130.60 Unrealized -11.6%

AON AON PLC 0.0%

Value $247K Shares 699 Est. Cost $361.30 Unrealized -7.0%

PUK PRUDENTIAL PLC 0.0%

Value $234K Shares 7,520 Est. Cost $21.50 Unrealized —

HDB HDFC BANK LTD 0.0%

Value $219K Shares 6,000 Est. Cost $48.72 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value $207K Shares 805 Est. Cost $155.99 Unrealized +54.4%

DIS DISNEY WALT CO 0.0%

Value $206K Shares 1,810 Est. Cost $106.85 Unrealized +2.4%

— PIMCO DYNAMIC INCOME STRATEG 0.0%

Value $188K Shares 10,000 Est. Cost $26.76 Unrealized —

INDA ISHARES TR 0.0%

Value $32,430 Shares 600 Est. Cost $52.64 Unrealized —

EUFN ISHARES TR 0.0%

Value $22,254 Shares 600 Est. Cost $23.30 Unrealized —

IEUR ISHARES TR 0.0%

Value $3,265 Shares 46 Est. Cost $68.13 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AZN	ASTRAZENECA PLC	3,729,731	$343M	0.5%	$91.93	—	—	046353108
APA	APA CORPORATION	11,644,670	$285M	0.4%	$24.09	+9.7%	—	03743Q108
BAX	BAXTER INTL INC	8,445,832	$161M	0.2%	$38.32	-46.6%	—	071813109
CE	CELANESE CORP DEL	3,401,656	$144M	0.2%	$88.53	-44.1%	—	150870103
MGA	MAGNA INTL INC	206,680	$11.02M	0.0%	$49.63	+15.3%	—	559222401
CSX	CSX CORP	194,360	$7.046M	0.0%	$29.78	+29.3%	—	126408103
OMC	OMNICOM GROUP INC	61,340	$4.953M	0.0%	$75.76	+1.0%	—	681919106
HHH	HOWARD HUGHES HOLDINGS INC	38,394	$3.063M	0.0%	$75.06	+7.5%	—	44267T102
APTV	APTIV PLC	38,815	$2.953M	0.0%	$61.22	+32.2%	—	G3265R107
KR	KROGER CO	41,645	$2.602M	0.0%	$44.16	+46.3%	—	501044101
MBC	MASTERBRAND INC	108,716	$1.2M	0.0%	$9.79	+24.1%	—	57638P104
PANW	PALO ALTO NETWORKS INC	2,640	$486K	0.0%	$201.75	-14.7%	—	697435105
UNH	UNITEDHEALTH GROUP INC	1,414	$467K	0.0%	$298.94	+3.3%	—	91324P102
MCD	MCDONALDS CORP	1,273	$389K	0.0%	$292.57	+8.4%	—	580135101
AMD	ADVANCED MICRO DEVICES INC	1,530	$328K	0.0%	$108.87	+103.6%	—	007903107
TMO	THERMO FISHER SCIENTIFIC INC	541	$313K	0.0%	$464.78	+23.6%	—	883556102
ABT	ABBOTT LABS	2,046	$256K	0.0%	$130.60	-11.6%	—	002824100
AON	AON PLC	699	$247K	0.0%	$361.30	-7.0%	—	G0403H108
PUK	PRUDENTIAL PLC	7,520	$234K	0.0%	$21.50	—	—	74435K204
HDB	HDFC BANK LTD	6,000	$219K	0.0%	$48.72	—	—	40415F101
ADP	AUTOMATIC DATA PROCESSING IN	805	$207K	0.0%	$155.99	+54.4%	—	053015103
DIS	DISNEY WALT CO	1,810	$206K	0.0%	$106.85	+2.4%	—	254687106
—	PIMCO DYNAMIC INCOME STRATEG	10,000	$188K	0.0%	$26.76	—	—	69346N107
INDA	ISHARES TR	600	$32,430	0.0%	$52.64	—	—	46429B598
EUFN	ISHARES TR	600	$22,254	0.0%	$23.30	—	—	464289180
IEUR	ISHARES TR	46	$3,265	0.0%	$68.13	—	—	46434V738

Decreased Positions (80)

WBD WARNER BROS DISCOVERY INC 1.2%

Value $903M (-60.3%) Shares 32,874,039 (-58.3%) Est. Cost $11.77 Unrealized +140.0%

DE DEERE & CO 0.4%

Value $292M (-80.0%) Shares 518,490 (-83.5%) Est. Cost $403.31 Unrealized +36.7%

COF CAPITAL ONE FINL CORP 2.5%

Value $1.89B (-28.0%) Shares 10,357,647 (-4.3%) Est. Cost $109.71 Unrealized +103.5%

GM GENERAL MTRS CO 1.3%

Value $1.003B (-29.2%) Shares 13,457,709 (-22.7%) Est. Cost $29.79 Unrealized +176.1%

TRGP TARGA RES CORP 2.9%

Value $2.187B (+21.8%) Shares 8,723,203 (-10.3%) Est. Cost $167.06 Unrealized +20.7%

GOOGL ALPHABET INC 3.2%

Value $2.414B (-13.5%) Shares 8,393,944 (-5.9%) Est. Cost $108.26 Unrealized +198.6%

AIG AMERICAN INTL GROUP INC 2.1%

Value $1.55B (-18.2%) Shares 20,596,978 (-7.0%) Est. Cost $52.73 Unrealized +44.8%

WFC WELLS FARGO & CO 1.2%

Value $874M (-27.3%) Shares 10,983,221 (-14.9%) Est. Cost $42.75 Unrealized +110.6%

MOH MOLINA HEALTHCARE INC 0.2%

Value $130M (-68.0%) Shares 978,147 (-58.3%) Est. Cost $254.07 Unrealized -33.6%

FISV FISERV INC 0.1%

Value $53.01M (-82.8%) Shares 950,000 (-79.3%) Est. Cost $91.47 Unrealized -30.1%

CTVA CORTEVA INC 1.9%

Value $1.394B (+22.2%) Shares 16,656,133 (-2.2%) Est. Cost $59.16 Unrealized +23.0%

CBRE CBRE GROUP INC 1.2%

Value $870M (-21.9%) Shares 6,422,190 (-7.3%) Est. Cost $52.24 Unrealized +208.9%

MAS MASCO CORP 0.7%

Value $519M (-28.9%) Shares 8,596,734 (-25.3%) Est. Cost $55.55 Unrealized +27.1%

BDX BECTON DICKINSON & CO 0.5%

Value $349M (-36.6%) Shares 2,222,039 (-21.8%) Est. Cost $199.52 Unrealized -15.9%

GEHC GE HEALTHCARE TECHNOLOGIES I 1.5%

Value $1.11B (-14.6%) Shares 15,594,988 (-1.6%) Est. Cost $77.82 Unrealized +5.7%

ALLY ALLY FINL INC 1.4%

Value $1.036B (-15.4%) Shares 26,410,285 (-2.3%) Est. Cost $21.37 Unrealized +99.9%

EOG EOG RES INC 0.8%

Value $597M (-22.9%) Shares 4,131,238 (-44.0%) Est. Cost $88.42 Unrealized +26.8%

NKE NIKE INC 1.0%

Value $780M (-18.1%) Shares 14,776,259 (-1.2%) Est. Cost $61.52 Unrealized +4.0%

BAC BANK AMERICA CORP 1.2%

Value $922M (-15.6%) Shares 18,907,859 (-4.8%) Est. Cost $18.88 Unrealized +184.2%

DAL DELTA AIR LINES INC 1.6%

Value $1.197B (-12.3%) Shares 18,002,954 (-8.5%) Est. Cost $51.06 Unrealized +36.8%

NDAQ NASDAQ INC 0.9%

Value $680M (-18.8%) Shares 8,010,183 (-7.1%) Est. Cost $69.68 Unrealized +31.7%

TEL TE CONNECTIVITY PLC 0.8%

Value $589M (-19.9%) Shares 2,816,194 (-12.8%) Est. Cost $147.30 Unrealized +56.0%

PSX PHILLIPS 66 2.2%

Value $1.664B (-7.7%) Shares 9,134,428 (-34.7%) Est. Cost $117.95 Unrealized +24.7%

C CITIGROUP INC 1.4%

Value $1.051B (-10.3%) Shares 9,270,652 (-7.7%) Est. Cost $46.08 Unrealized +152.1%

GPC GENUINE PARTS CO 0.6%

Value $416M (-22.2%) Shares 3,933,996 (-9.5%) Est. Cost $129.56 Unrealized +3.1%

RYAAY RYANAIR HOLDINGS PLC 0.1%

Value $48.91M (-69.7%) Shares 846,178 (-62.1%) Est. Cost $64.49 Unrealized —

SEE SEALED AIR CORP NEW 0.1%

Value $53.75M (-65.9%) Shares 1,278,223 (-66.4%) Est. Cost $38.60 Unrealized +8.3%

FBIN FORTUNE BRANDS INNOVATIONS I 0.4%

Value $288M (-24.8%) Shares 7,379,014 (-3.4%) Est. Cost $57.61 Unrealized -1.3%

CMCSA COMCAST CORP NEW 1.0%

Value $759M (-7.5%) Shares 26,448,063 (-3.7%) Est. Cost $31.91 Unrealized -6.6%

COP CONOCOPHILLIPS 3.1%

Value $2.301B (+2.4%) Shares 17,428,651 (-27.4%) Est. Cost $91.42 Unrealized +12.3%

BWA BORGWARNER INC 0.0%

Value $12.05M (-80.5%) Shares 222,073 (-83.8%) Est. Cost $33.74 Unrealized +55.1%

GOOG ALPHABET INC 0.3%

Value $254M (-15.7%) Shares 887,164 (-7.7%) Est. Cost $106.63 Unrealized +203.5%

CHTR CHARTER COMMUNICATIONS INC 1.1%

Value $861M (-5.1%) Shares 3,989,043 (-8.2%) Est. Cost $350.95 Unrealized -39.1%

WEN WENDYS CO 0.1%

Value $41.21M (-50.4%) Shares 5,929,801 (-40.5%) Est. Cost $18.97 Unrealized -57.7%

V VISA INC 0.3%

Value $217M (-15.9%) Shares 717,260 (-2.5%) Est. Cost $117.10 Unrealized +181.1%

ORCL ORACLE CORP 0.1%

Value $109M (-26.6%) Shares 740,525 (-2.7%) Est. Cost $57.66 Unrealized +194.2%

CNH CNH INDL N V 0.9%

Value $639M (-5.5%) Shares 58,127,119 (-20.8%) Est. Cost $9.71 Unrealized +17.6%

STT STATE STR CORP 1.0%

Value $778M (-4.4%) Shares 6,147,935 (-2.5%) Est. Cost $58.67 Unrealized +122.0%

THO THOR INDS INC 0.1%

Value $76.9M (-29.4%) Shares 962,577 (-9.3%) Est. Cost $86.53 Unrealized +30.7%

MPC MARATHON PETE CORP 0.9%

Value $685M (+4.5%) Shares 2,805,972 (-30.4%) Est. Cost $146.47 Unrealized +26.1%

OPLN OPENLANE INC 0.0%

Value $16.65M (-59.3%) Shares 571,157 (-58.5%) Est. Cost $15.38 Unrealized +91.8%

FMX FOMENTO ECONOMICO MEXICANO S 0.3%

Value $249M (-8.8%) Shares 2,243,620 (-17.0%) Est. Cost $98.63 Unrealized —

AXP AMERICAN EXPRESS CO 0.1%

Value $61.62M (-24.0%) Shares 203,706 (-7.0%) Est. Cost $146.28 Unrealized +143.5%

BC BRUNSWICK CORP 0.2%

Value $162M (-10.1%) Shares 2,233,281 (-8.3%) Est. Cost $71.53 Unrealized +19.3%

NVST ENVISTA HOLDINGS CORPORATION 0.1%

Value $82.75M (-17.9%) Shares 3,261,896 (-29.8%) Est. Cost $31.48 Unrealized -18.2%

GRFS GRIFOLS S A 0.0%

Value $14.61M (-41.9%) Shares 1,821,667 (-32.3%) Est. Cost $8.48 Unrealized —

HCA HCA HEALTHCARE INC 0.1%

Value $74.84M (-11.5%) Shares 158,143 (-12.6%) Est. Cost $105.45 Unrealized +372.3%

WMG WARNER MUSIC GROUP CORP 0.1%

Value $41.14M (-18.8%) Shares 1,610,925 (-2.5%) Est. Cost $30.32 Unrealized -2.7%

CWK CUSHMAN AND WAKEFIELD LTD 0.0%

Value $23.1M (-28.1%) Shares 1,884,057 (-5.0%) Est. Cost $15.85 Unrealized -2.3%

CVS CVS HEALTH CORP 0.0%

Value $35.49M (-14.8%) Shares 494,126 (-5.9%) Est. Cost $60.19 Unrealized +29.5%

ALV AUTOLIV INC 0.0%

Value $24.51M (-19.2%) Shares 233,075 (-8.8%) Est. Cost $80.54 Unrealized +55.1%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $24.23M (-16.6%) Shares 28,643 (-13.3%) Est. Cost $147.77 Unrealized +531.1%

MRK MERCK & CO INC 2.0%

Value $1.488B (+0.3%) Shares 12,366,933 (-12.2%) Est. Cost $95.90 Unrealized +19.2%

ALSN ALLISON TRANSMISSION HLDGS I 0.1%

Value $62.28M (-6.2%) Shares 532,007 (-21.6%) Est. Cost $65.12 Unrealized +70.8%

HLT HILTON WORLDWIDE HLDGS INC 0.0%

Value $29.08M (-11.5%) Shares 95,646 (-16.4%) Est. Cost $75.08 Unrealized +306.4%

VTV VANGUARD INDEX FDS 0.0%

Value $505K (-86.7%) Shares 2,572 (-87.0%) Est. Cost $190.13 Unrealized —

AAPL APPLE INC 0.0%

Value $33.38M (-7.8%) Shares 131,541 (-1.2%) Est. Cost $82.90 Unrealized +217.0%

BK BANK NEW YORK MELLON CORP 0.0%

Value $5.099M (-35.1%) Shares 42,984 (-36.5%) Est. Cost $35.38 Unrealized +239.6%

ZGN ERMENEGILDO ZEGNA N V 0.0%

Value $30.34M (-7.9%) Shares 2,911,800 (-9.4%) Est. Cost $8.70 Unrealized +19.5%

LEA LEAR CORP 0.0%

Value $1.444M (-44.6%) Shares 11,925 (-47.6%) Est. Cost $98.79 Unrealized +29.3%

LBRDK LIBERTY BROADBAND CORP 0.3%

Value $203M (+0.5%) Shares 4,028,727 (-2.9%) Est. Cost $72.62 Unrealized -31.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $12.19M (-6.7%) Shares 25,439 (-2.2%) Est. Cost $211.00 Unrealized +133.9%

TXN TEXAS INSTRS INC 0.0%

Value $9.224M (+10.2%) Shares 47,510 (-1.6%) Est. Cost $28.87 Unrealized +614.5%

MSFT MICROSOFT CORP 0.0%

Value $2.501M (-24.5%) Shares 6,757 (-1.4%) Est. Cost $361.34 Unrealized +20.3%

HRI HERC HLDGS INC 0.0%

Value $447K (-57.6%) Shares 4,495 (-36.7%) Est. Cost $32.09 Unrealized +396.2%

NVDA NVIDIA CORPORATION 0.0%

Value $2.174M (-11.4%) Shares 12,468 (-5.2%) Est. Cost $124.14 Unrealized +50.3%

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $361K (-36.2%) Shares 362 (-44.8%) Est. Cost $981.00 Unrealized -1.8%

JPM JPMORGAN CHASE & CO 0.0%

Value $1.711M (-10.6%) Shares 5,815 (-2.0%) Est. Cost $98.40 Unrealized +216.5%

DHR DANAHER CORP DEL 0.0%

Value $348K (-32.7%) Shares 1,838 (-18.7%) Est. Cost $211.24 Unrealized +6.4%

MCO MOODYS CORP 0.0%

Value $831K (-16.5%) Shares 1,905 (-2.2%) Est. Cost $226.06 Unrealized +116.6%

WMT WALMART INC 0.0%

Value $259K (-33.9%) Shares 2,080 (-40.8%) Est. Cost $96.50 Unrealized +26.5%

TFC TRUIST FINL CORP 0.0%

Value $1.04M (-8.1%) Shares 22,630 (-1.6%) Est. Cost $32.45 Unrealized +57.6%

CAT CATERPILLAR INC 0.0%

Value $1.304M (-5.5%) Shares 1,840 (-23.6%) Est. Cost $168.20 Unrealized +306.9%

CSL CARLISLE COS INC 0.0%

Value $1.68M (-4.1%) Shares 5,037 (-8.1%) Est. Cost $135.82 Unrealized +173.5%

DEO DIAGEO PLC 0.0%

Value $245K (-18.6%) Shares 3,295 (-5.7%) Est. Cost $115.37 Unrealized —

PG PROCTER & GAMBLE CO 0.0%

Value $216K (-20.6%) Shares 1,494 (-21.2%) Est. Cost $159.91 Unrealized -5.1%

PEP PEPSICO INC 0.0%

Value $259K (-15.2%) Shares 1,665 (-21.6%) Est. Cost $131.03 Unrealized +18.1%

OSK OSHKOSH CORP 0.0%

Value $232K (+12.2%) Shares 1,575 (-4.3%) Est. Cost $131.45 Unrealized +20.2%

JCI JOHNSON CONTROLS INTERNATION 0.0%

Value $962K (-1.6%) Shares 7,350 (-10.0%) Est. Cost $32.58 Unrealized +286.9%

XOM EXXON MOBIL CORP 0.0%

Value $249K (+5.1%) Shares 1,466 (-25.4%) Est. Cost $106.74 Unrealized +30.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	32,874,039 (-58.3%)	$903M (-60.3%)	1.2%	$11.77	+140.0%	COM SER A	934423104
DE	DEERE & CO	518,490 (-83.5%)	$292M (-80.0%)	0.4%	$403.31	+36.7%	COM	244199105
COF	CAPITAL ONE FINL CORP	10,357,647 (-4.3%)	$1.89B (-28.0%)	2.5%	$109.71	+103.5%	COM	14040H105
GM	GENERAL MTRS CO	13,457,709 (-22.7%)	$1.003B (-29.2%)	1.3%	$29.79	+176.1%	COM	37045V100
TRGP	TARGA RES CORP	8,723,203 (-10.3%)	$2.187B (+21.8%)	2.9%	$167.06	+20.7%	COM	87612G101
GOOGL	ALPHABET INC	8,393,944 (-5.9%)	$2.414B (-13.5%)	3.2%	$108.26	+198.6%	CAP STK CL A	02079K305
AIG	AMERICAN INTL GROUP INC	20,596,978 (-7.0%)	$1.55B (-18.2%)	2.1%	$52.73	+44.8%	COM NEW	026874784
WFC	WELLS FARGO & CO	10,983,221 (-14.9%)	$874M (-27.3%)	1.2%	$42.75	+110.6%	COM	949746101
MOH	MOLINA HEALTHCARE INC	978,147 (-58.3%)	$130M (-68.0%)	0.2%	$254.07	-33.6%	COM	60855R100
FISV	FISERV INC	950,000 (-79.3%)	$53.01M (-82.8%)	0.1%	$91.47	-30.1%	CALL	337738108
CTVA	CORTEVA INC	16,656,133 (-2.2%)	$1.394B (+22.2%)	1.9%	$59.16	+23.0%	COM	22052L104
CBRE	CBRE GROUP INC	6,422,190 (-7.3%)	$870M (-21.9%)	1.2%	$52.24	+208.9%	CL A	12504L109
MAS	MASCO CORP	8,596,734 (-25.3%)	$519M (-28.9%)	0.7%	$55.55	+27.1%	COM	574599106
BDX	BECTON DICKINSON & CO	2,222,039 (-21.8%)	$349M (-36.6%)	0.5%	$199.52	-15.9%	COM	075887109
GEHC	GE HEALTHCARE TECHNOLOGIES I	15,594,988 (-1.6%)	$1.11B (-14.6%)	1.5%	$77.82	+5.7%	COMMON STOCK	36266G107
ALLY	ALLY FINL INC	26,410,285 (-2.3%)	$1.036B (-15.4%)	1.4%	$21.37	+99.9%	COM	02005N100
EOG	EOG RES INC	4,131,238 (-44.0%)	$597M (-22.9%)	0.8%	$88.42	+26.8%	COM	26875P101
NKE	NIKE INC	14,776,259 (-1.2%)	$780M (-18.1%)	1.0%	$61.52	+4.0%	CL B	654106103
BAC	BANK AMERICA CORP	18,907,859 (-4.8%)	$922M (-15.6%)	1.2%	$18.88	+184.2%	COM	060505104
DAL	DELTA AIR LINES INC	18,002,954 (-8.5%)	$1.197B (-12.3%)	1.6%	$51.06	+36.8%	COM NEW	247361702
NDAQ	NASDAQ INC	8,010,183 (-7.1%)	$680M (-18.8%)	0.9%	$69.68	+31.7%	COM	631103108
TEL	TE CONNECTIVITY PLC	2,816,194 (-12.8%)	$589M (-19.9%)	0.8%	$147.30	+56.0%	ORD SHS	G87052109
PSX	PHILLIPS 66	9,134,428 (-34.7%)	$1.664B (-7.7%)	2.2%	$117.95	+24.7%	COM	718546104
C	CITIGROUP INC	9,270,652 (-7.7%)	$1.051B (-10.3%)	1.4%	$46.08	+152.1%	COM NEW	172967424
GPC	GENUINE PARTS CO	3,933,996 (-9.5%)	$416M (-22.2%)	0.6%	$129.56	+3.1%	COM	372460105
RYAAY	RYANAIR HOLDINGS PLC	846,178 (-62.1%)	$48.91M (-69.7%)	0.1%	$64.49	—	SPONSORED ADR	783513203
SEE	SEALED AIR CORP NEW	1,278,223 (-66.4%)	$53.75M (-65.9%)	0.1%	$38.60	+8.3%	COM	81211K100
FBIN	FORTUNE BRANDS INNOVATIONS I	7,379,014 (-3.4%)	$288M (-24.8%)	0.4%	$57.61	-1.3%	COM	34964C106
CMCSA	COMCAST CORP NEW	26,448,063 (-3.7%)	$759M (-7.5%)	1.0%	$31.91	-6.6%	CL A	20030N101
COP	CONOCOPHILLIPS	17,428,651 (-27.4%)	$2.301B (+2.4%)	3.1%	$91.42	+12.3%	COM	20825C104
BWA	BORGWARNER INC	222,073 (-83.8%)	$12.05M (-80.5%)	0.0%	$33.74	+55.1%	COM	099724106
GOOG	ALPHABET INC	887,164 (-7.7%)	$254M (-15.7%)	0.3%	$106.63	+203.5%	CAP STK CL C	02079K107
CHTR	CHARTER COMMUNICATIONS INC	3,989,043 (-8.2%)	$861M (-5.1%)	1.1%	$350.95	-39.1%	CL A	16119P108
WEN	WENDYS CO	5,929,801 (-40.5%)	$41.21M (-50.4%)	0.1%	$18.97	-57.7%	COM	95058W100
V	VISA INC	717,260 (-2.5%)	$217M (-15.9%)	0.3%	$117.10	+181.1%	COM CL A	92826C839
ORCL	ORACLE CORP	740,525 (-2.7%)	$109M (-26.6%)	0.1%	$57.66	+194.2%	COM	68389X105
CNH	CNH INDL N V	58,127,119 (-20.8%)	$639M (-5.5%)	0.9%	$9.71	+17.6%	SHS	N20944109
STT	STATE STR CORP	6,147,935 (-2.5%)	$778M (-4.4%)	1.0%	$58.67	+122.0%	COM	857477103
THO	THOR INDS INC	962,577 (-9.3%)	$76.9M (-29.4%)	0.1%	$86.53	+30.7%	COM	885160101
MPC	MARATHON PETE CORP	2,805,972 (-30.4%)	$685M (+4.5%)	0.9%	$146.47	+26.1%	COM	56585A102
OPLN	OPENLANE INC	571,157 (-58.5%)	$16.65M (-59.3%)	0.0%	$15.38	+91.8%	COM	48238T109
FMX	FOMENTO ECONOMICO MEXICANO S	2,243,620 (-17.0%)	$249M (-8.8%)	0.3%	$98.63	—	SPON ADR UNITS	344419106
AXP	AMERICAN EXPRESS CO	203,706 (-7.0%)	$61.62M (-24.0%)	0.1%	$146.28	+143.5%	COM	025816109
BC	BRUNSWICK CORP	2,233,281 (-8.3%)	$162M (-10.1%)	0.2%	$71.53	+19.3%	COM	117043109
NVST	ENVISTA HOLDINGS CORPORATION	3,261,896 (-29.8%)	$82.75M (-17.9%)	0.1%	$31.48	-18.2%	COM	29415F104
GRFS	GRIFOLS S A	1,821,667 (-32.3%)	$14.61M (-41.9%)	0.0%	$8.48	—	SP ADR REP B NVT	398438408
HCA	HCA HEALTHCARE INC	158,143 (-12.6%)	$74.84M (-11.5%)	0.1%	$105.45	+372.3%	COM	40412C101
WMG	WARNER MUSIC GROUP CORP	1,610,925 (-2.5%)	$41.14M (-18.8%)	0.1%	$30.32	-2.7%	COM CL A	934550203
CWK	CUSHMAN AND WAKEFIELD LTD	1,884,057 (-5.0%)	$23.1M (-28.1%)	0.0%	$15.85	-2.3%	COMMON SHARES	G2717C106
CVS	CVS HEALTH CORP	494,126 (-5.9%)	$35.49M (-14.8%)	0.0%	$60.19	+29.5%	COM	126650100
ALV	AUTOLIV INC	233,075 (-8.8%)	$24.51M (-19.2%)	0.0%	$80.54	+55.1%	COM	052800109
GS	GOLDMAN SACHS GROUP INC	28,643 (-13.3%)	$24.23M (-16.6%)	0.0%	$147.77	+531.1%	COM	38141G104
MRK	MERCK & CO INC	12,366,933 (-12.2%)	$1.488B (+0.3%)	2.0%	$95.90	+19.2%	COM	58933Y105
ALSN	ALLISON TRANSMISSION HLDGS I	532,007 (-21.6%)	$62.28M (-6.2%)	0.1%	$65.12	+70.8%	COM	01973R101
HLT	HILTON WORLDWIDE HLDGS INC	95,646 (-16.4%)	$29.08M (-11.5%)	0.0%	$75.08	+306.4%	COM	43300A203
VTV	VANGUARD INDEX FDS	2,572 (-87.0%)	$505K (-86.7%)	0.0%	$190.13	—	VALUE ETF	922908744
AAPL	APPLE INC	131,541 (-1.2%)	$33.38M (-7.8%)	0.0%	$82.90	+217.0%	COM	037833100
BK	BANK NEW YORK MELLON CORP	42,984 (-36.5%)	$5.099M (-35.1%)	0.0%	$35.38	+239.6%	COM	064058100
ZGN	ERMENEGILDO ZEGNA N V	2,911,800 (-9.4%)	$30.34M (-7.9%)	0.0%	$8.70	+19.5%	ORD SHS	N30577105
LEA	LEAR CORP	11,925 (-47.6%)	$1.444M (-44.6%)	0.0%	$98.79	+29.3%	COM NEW	521865204
LBRDK	LIBERTY BROADBAND CORP	4,028,727 (-2.9%)	$203M (+0.5%)	0.3%	$72.62	-31.5%	COM SER C	530307305
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,439 (-2.2%)	$12.19M (-6.7%)	0.0%	$211.00	+133.9%	CL B NEW	084670702
TXN	TEXAS INSTRS INC	47,510 (-1.6%)	$9.224M (+10.2%)	0.0%	$28.87	+614.5%	COM	882508104
MSFT	MICROSOFT CORP	6,757 (-1.4%)	$2.501M (-24.5%)	0.0%	$361.34	+20.3%	COM	594918104
HRI	HERC HLDGS INC	4,495 (-36.7%)	$447K (-57.6%)	0.0%	$32.09	+396.2%	COM	42704L104
NVDA	NVIDIA CORPORATION	12,468 (-5.2%)	$2.174M (-11.4%)	0.0%	$124.14	+50.3%	COM	67066G104
COST	COSTCO WHOLESALE CORPORATION	362 (-44.8%)	$361K (-36.2%)	0.0%	$981.00	-1.8%	COM	22160K105
JPM	JPMORGAN CHASE & CO	5,815 (-2.0%)	$1.711M (-10.6%)	0.0%	$98.40	+216.5%	COM	46625H100
DHR	DANAHER CORP DEL	1,838 (-18.7%)	$348K (-32.7%)	0.0%	$211.24	+6.4%	COM	235851102
MCO	MOODYS CORP	1,905 (-2.2%)	$831K (-16.5%)	0.0%	$226.06	+116.6%	COM	615369105
WMT	WALMART INC	2,080 (-40.8%)	$259K (-33.9%)	0.0%	$96.50	+26.5%	COM	931142103
TFC	TRUIST FINL CORP	22,630 (-1.6%)	$1.04M (-8.1%)	0.0%	$32.45	+57.6%	COM	89832Q109
CAT	CATERPILLAR INC	1,840 (-23.6%)	$1.304M (-5.5%)	0.0%	$168.20	+306.9%	COM	149123101
CSL	CARLISLE COS INC	5,037 (-8.1%)	$1.68M (-4.1%)	0.0%	$135.82	+173.5%	COM	142339100
DEO	DIAGEO PLC	3,295 (-5.7%)	$245K (-18.6%)	0.0%	$115.37	—	SPON ADR NEW	25243Q205
PG	PROCTER & GAMBLE CO	1,494 (-21.2%)	$216K (-20.6%)	0.0%	$159.91	-5.1%	COM	742718109
PEP	PEPSICO INC	1,665 (-21.6%)	$259K (-15.2%)	0.0%	$131.03	+18.1%	COM	713448108
OSK	OSHKOSH CORP	1,575 (-4.3%)	$232K (+12.2%)	0.0%	$131.45	+20.2%	COM	688239201
JCI	JOHNSON CONTROLS INTERNATION	7,350 (-10.0%)	$962K (-1.6%)	0.0%	$32.58	+286.9%	SHS	G51502105
XOM	EXXON MOBIL CORP	1,466 (-25.4%)	$249K (+5.1%)	0.0%	$106.74	+30.0%	COM	30231G102

Unchanged Positions (23)

EFX EQUIFAX INC 1.8%

Value $1.356B Shares 7,529,116 Est. Cost $242.35 Unrealized -15.7%

ELV ELEVANCE HEALTH INC FORMERLY 1.9%

Value $1.404B Shares 4,796,526 Est. Cost $364.51 Unrealized -3.6%

LAD LITHIA MTRS INC 0.7%

Value $489M Shares 1,956,637 Est. Cost $275.75 Unrealized +16.7%

SCHW SCHWAB CHARLES CORP 2.7%

Value $2.05B Shares 21,812,476 Est. Cost $56.81 Unrealized +76.2%

STZ CONSTELLATION BRANDS INC 0.6%

Value $485M Shares 3,233,267 Est. Cost $160.92 Unrealized -3.1%

AMRZ AMRIZE LTD 0.8%

Value $636M Shares 11,344,767 Est. Cost $51.02 Unrealized +11.9%

KKR KKR & CO INC 0.0%

Value $34.21M Shares 369,815 Est. Cost $48.91 Unrealized +134.6%

MA MASTERCARD INCORPORATED 0.1%

Value $59.27M Shares 118,615 Est. Cost $128.56 Unrealized +319.3%

BLK BLACKROCK INC 0.1%

Value $52.47M Shares 54,555 Est. Cost $984.03 Unrealized +11.5%

CCK CROWN HLDGS INC 0.0%

Value $19.21M Shares 191,605 Est. Cost $81.57 Unrealized +32.5%

AMAT APPLIED MATLS INC 0.0%

Value $752K Shares 2,200 Est. Cost $157.45 Unrealized +107.4%

DOV DOVER CORP 0.0%

Value $2.473M Shares 11,863 Est. Cost $41.96 Unrealized +411.6%

BX BLACKSTONE INC 0.0%

Value $431K Shares 3,750 Est. Cost $151.46 Unrealized -7.0%

CVX CHEVRON CORPORATION 0.0%

Value $279K Shares 1,350 Est. Cost $144.56 Unrealized +18.9%

ABBV ABBVIE INC 0.0%

Value $583K Shares 2,682 Est. Cost $182.67 Unrealized +21.8%

PM PHILIP MORRIS INTL INC 0.0%

Value $843K Shares 5,099 Est. Cost $61.64 Unrealized +185.4%

THC TENET HEALTHCARE CORP 0.0%

Value $453K Shares 2,400 Est. Cost $39.73 Unrealized +419.0%

VOT VANGUARD INDEX FDS 0.0%

Value $180K Shares 700 Est. Cost $284.39 Unrealized —

LBRDA LIBERTY BROADBAND CORP 0.0%

Value $216K Shares 4,305 Est. Cost $91.64 Unrealized -45.8%

PH PARKER-HANNIFIN CORP 0.0%

Value $264K Shares 295 Est. Cost $628.26 Unrealized +52.5%

ACWI ISHARES TR 0.0%

Value $151K Shares 1,092 Est. Cost $119.55 Unrealized —

— NUVEEN MUN VALUE FD INC 0.0%

Value $134K Shares 14,854 Est. Cost $9.06 Unrealized —

IWM ISHARES TR 0.0%

Value $132K Shares 533 Est. Cost $204.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFX	EQUIFAX INC	7,529,116	$1.356B	1.8%	$242.35	-15.7%	COM	294429105
ELV	ELEVANCE HEALTH INC FORMERLY	4,796,526	$1.404B	1.9%	$364.51	-3.6%	COM	036752103
LAD	LITHIA MTRS INC	1,956,637	$489M	0.7%	$275.75	+16.7%	COM	536797103
SCHW	SCHWAB CHARLES CORP	21,812,476	$2.05B	2.7%	$56.81	+76.2%	COM	808513105
STZ	CONSTELLATION BRANDS INC	3,233,267	$485M	0.6%	$160.92	-3.1%	CL A	21036P108
AMRZ	AMRIZE LTD	11,344,767	$636M	0.8%	$51.02	+11.9%	SHS	H2927K103
KKR	KKR & CO INC	369,815	$34.21M	0.0%	$48.91	+134.6%	COM	48251W104
MA	MASTERCARD INCORPORATED	118,615	$59.27M	0.1%	$128.56	+319.3%	CL A	57636Q104
BLK	BLACKROCK INC	54,555	$52.47M	0.1%	$984.03	+11.5%	COM	09290D101
CCK	CROWN HLDGS INC	191,605	$19.21M	0.0%	$81.57	+32.5%	COM	228368106
AMAT	APPLIED MATLS INC	2,200	$752K	0.0%	$157.45	+107.4%	COM	038222105
DOV	DOVER CORP	11,863	$2.473M	0.0%	$41.96	+411.6%	COM	260003108
BX	BLACKSTONE INC	3,750	$431K	0.0%	$151.46	-7.0%	COM	09260D107
CVX	CHEVRON CORPORATION	1,350	$279K	0.0%	$144.56	+18.9%	COM	166764100
ABBV	ABBVIE INC	2,682	$583K	0.0%	$182.67	+21.8%	COM	00287Y109
PM	PHILIP MORRIS INTL INC	5,099	$843K	0.0%	$61.64	+185.4%	COM	718172109
THC	TENET HEALTHCARE CORP	2,400	$453K	0.0%	$39.73	+419.0%	COM NEW	88033G407
VOT	VANGUARD INDEX FDS	700	$180K	0.0%	$284.39	—	MCAP GR IDXVIP	922908538
LBRDA	LIBERTY BROADBAND CORP	4,305	$216K	0.0%	$91.64	-45.8%	COM SER A	530307107
PH	PARKER-HANNIFIN CORP	295	$264K	0.0%	$628.26	+52.5%	COM	701094104
ACWI	ISHARES TR	1,092	$151K	0.0%	$119.55	—	MSCI ACWI ETF	464288257
—	NUVEEN MUN VALUE FD INC	14,854	$134K	0.0%	$9.06	—	COM	670928100
IWM	ISHARES TR	533	$132K	0.0%	$204.67	—	RUSSELL 2000 ETF	464287655