Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly and Company	13,274	$15.92M	2.9%	$1199.43	—	COM	532457108
SNDK	SanDisk Corporation	6,131	$13.94M	2.6%	$2273.73	—	COM	80004C200
PANW	Palo Alto Networks, Inc.	34,887	$11.9M	2.2%	$341.02	—	COM	697435105
FFIV	F5, Inc.	27,940	$11.62M	2.1%	$415.96	—	COM	315616102
EXEL	Exelixis, Inc.	133,936	$7.287M	1.3%	$54.41	—	COM	30161Q104
—	VeriSign, Inc.	27,992	$7.042M	1.3%	$251.56	—	COM	92343E106
CROX	Crocs, Inc.	33,379	$4.027M	0.7%	$120.64	—	COM	227046109
GEN	Gen Digital Inc.	147,286	$3.666M	0.7%	$24.89	—	COM	668771108
SYM	Symbotic Inc. Class A	69,160	$3.109M	0.6%	$44.95	—	COM	87151X101
YOU	Clear Secure, Inc. Class A	54,416	$3.033M	0.6%	$55.73	—	COM	18467V109

Increased Positions (29)

KLAC KLA Corporation 3.8%

Value $20.76M (+59.7%) Shares 68,818 (+679.5%) Est. Cost $450.56 Unrealized —

GEV GE Vernova Inc. 2.9%

Value $15.69M (+83.3%) Shares 13,352 (+36.2%) Est. Cost $853.26 Unrealized —

CQP Cheniere Energy Partners, L.P. 2.2%

Value $11.94M (+146.4%) Shares 195,939 (+161.2%) Est. Cost $62.36 Unrealized —

CF CF Industries Holdings, Inc. 1.7%

Value $9.146M (+54.8%) Shares 84,484 (+85.6%) Est. Cost $98.46 Unrealized —

AVGO Broadcom Inc. 2.3%

Value $12.4M (+31.9%) Shares 32,818 (+8.1%) Est. Cost $269.55 Unrealized —

POWL Powell Industries, Inc. 1.4%

Value $7.456M (+61.3%) Shares 26,037 (+204.8%) Est. Cost $346.98 Unrealized —

APP AppLovin Corp. Class A 1.8%

Value $9.706M (+31.5%) Shares 18,838 (+1.6%) Est. Cost $197.81 Unrealized —

LMT Lockheed Martin Corporation 1.6%

Value $8.562M (-14.4%) Shares 16,807 (+1.6%) Est. Cost $599.44 Unrealized —

ADSK Autodesk, Inc. 1.1%

Value $5.783M (-17.5%) Shares 29,744 (+1.6%) Est. Cost $272.57 Unrealized —

MO Altria Group, Inc. 2.3%

Value $12.53M (+10.8%) Shares 174,185 (+1.6%) Est. Cost $63.17 Unrealized —

MCK McKesson Corporation 1.6%

Value $8.432M (-11.3%) Shares 11,160 (+1.6%) Est. Cost $873.61 Unrealized —

NYT New York Times Company Class A 1.0%

Value $5.386M (-15.1%) Shares 76,966 (+1.6%) Est. Cost $72.24 Unrealized —

V Visa Inc. Class A 1.3%

Value $6.913M (+15.3%) Shares 20,150 (+1.6%) Est. Cost $329.39 Unrealized —

BR Broadridge Financial Solutions, Inc. 1.0%

Value $5.461M (-14.4%) Shares 39,873 (+1.6%) Est. Cost $225.89 Unrealized —

EME EMCOR Group, Inc. 1.3%

Value $7.228M (+14.2%) Shares 8,710 (+1.6%) Est. Cost $650.35 Unrealized —

EXPE Expedia Group, Inc. 1.3%

Value $7.084M (+12.6%) Shares 27,686 (+1.6%) Est. Cost $168.63 Unrealized —

CHE Chemed Corporation 0.7%

Value $3.837M (+25.2%) Shares 8,239 (+1.6%) Est. Cost $435.49 Unrealized —

MEDP Medpace Holdings, Inc. 1.2%

Value $6.635M (+12.0%) Shares 12,529 (+1.6%) Est. Cost $324.91 Unrealized —

NEM Newmont Corporation 0.8%

Value $4.485M (-12.3%) Shares 48,015 (+1.6%) Est. Cost $90.25 Unrealized —

BKNG Booking Holdings Inc. 1.3%

Value $6.805M (-8.3%) Shares 38,180 (+2065.6%) Est. Cost $363.84 Unrealized —

CAH Cardinal Health, Inc. 0.9%

Value $4.916M (+14.2%) Shares 20,694 (+1.6%) Est. Cost $188.50 Unrealized —

TPC Tutor Perini Corporation 1.1%

Value $6.158M (+9.2%) Shares 74,225 (+1.6%) Est. Cost $65.86 Unrealized —

ADM Archer-Daniels-Midland Company 1.5%

Value $7.938M (+6.8%) Shares 103,898 (+1.6%) Est. Cost $65.81 Unrealized —

PM Philip Morris International Inc. 0.9%

Value $4.897M (+11.2%) Shares 27,068 (+1.6%) Est. Cost $137.68 Unrealized —

BMY Bristol-Myers Squibb Company 2.4%

Value $13.11M (-3.5%) Shares 227,584 (+1.6%) Est. Cost $51.03 Unrealized —

AMGN Amgen Inc. 0.9%

Value $5.085M (+4.6%) Shares 14,041 (+1.6%) Est. Cost $287.74 Unrealized —

SCCO Southern Copper Corporation 1.0%

Value $5.501M (+3.9%) Shares 31,569 (+2.6%) Est. Cost $133.82 Unrealized —

AM Antero Midstream Corp. 2.0%

Value $10.79M (+1.4%) Shares 474,204 (+1.6%) Est. Cost $19.14 Unrealized —

HESM Hess Midstream LP Class A 0.6%

Value $3.048M (-1.7%) Shares 81,071 (+1.6%) Est. Cost $35.22 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAC	KLA Corporation	68,818 (+679.5%)	$20.76M (+59.7%)	3.8%	$450.56	—	COM	482480100
GEV	GE Vernova Inc.	13,352 (+36.2%)	$15.69M (+83.3%)	2.9%	$853.26	—	COM	36828A101
CQP	Cheniere Energy Partners, L.P.	195,939 (+161.2%)	$11.94M (+146.4%)	2.2%	$62.36	—	COM	16411Q101
CF	CF Industries Holdings, Inc.	84,484 (+85.6%)	$9.146M (+54.8%)	1.7%	$98.46	—	COM	125269100
AVGO	Broadcom Inc.	32,818 (+8.1%)	$12.4M (+31.9%)	2.3%	$269.55	—	COM	11135F101
POWL	Powell Industries, Inc.	26,037 (+204.8%)	$7.456M (+61.3%)	1.4%	$346.98	—	COM	739128106
APP	AppLovin Corp. Class A	18,838 (+1.6%)	$9.706M (+31.5%)	1.8%	$197.81	—	COM	03831W108
LMT	Lockheed Martin Corporation	16,807 (+1.6%)	$8.562M (-14.4%)	1.6%	$599.44	—	COM	539830109
ADSK	Autodesk, Inc.	29,744 (+1.6%)	$5.783M (-17.5%)	1.1%	$272.57	—	COM	052769106
MO	Altria Group, Inc.	174,185 (+1.6%)	$12.53M (+10.8%)	2.3%	$63.17	—	COM	02209S103
MCK	McKesson Corporation	11,160 (+1.6%)	$8.432M (-11.3%)	1.6%	$873.61	—	COM	58155Q103
NYT	New York Times Company Class A	76,966 (+1.6%)	$5.386M (-15.1%)	1.0%	$72.24	—	COM	650111107
V	Visa Inc. Class A	20,150 (+1.6%)	$6.913M (+15.3%)	1.3%	$329.39	—	COM	92826C839
BR	Broadridge Financial Solutions, Inc.	39,873 (+1.6%)	$5.461M (-14.4%)	1.0%	$225.89	—	COM	11133T103
EME	EMCOR Group, Inc.	8,710 (+1.6%)	$7.228M (+14.2%)	1.3%	$650.35	—	COM	29084Q100
EXPE	Expedia Group, Inc.	27,686 (+1.6%)	$7.084M (+12.6%)	1.3%	$168.63	—	COM	30212P303
CHE	Chemed Corporation	8,239 (+1.6%)	$3.837M (+25.2%)	0.7%	$435.49	—	COM	16359R103
MEDP	Medpace Holdings, Inc.	12,529 (+1.6%)	$6.635M (+12.0%)	1.2%	$324.91	—	COM	58506Q109
NEM	Newmont Corporation	48,015 (+1.6%)	$4.485M (-12.3%)	0.8%	$90.25	—	COM	651639106
BKNG	Booking Holdings Inc.	38,180 (+2065.6%)	$6.805M (-8.3%)	1.3%	$363.84	—	COM	09857L108
CAH	Cardinal Health, Inc.	20,694 (+1.6%)	$4.916M (+14.2%)	0.9%	$188.50	—	COM	14149Y108
TPC	Tutor Perini Corporation	74,225 (+1.6%)	$6.158M (+9.2%)	1.1%	$65.86	—	COM	901109108
ADM	Archer-Daniels-Midland Company	103,898 (+1.6%)	$7.938M (+6.8%)	1.5%	$65.81	—	COM	039483102
PM	Philip Morris International Inc.	27,068 (+1.6%)	$4.897M (+11.2%)	0.9%	$137.68	—	COM	718172109
BMY	Bristol-Myers Squibb Company	227,584 (+1.6%)	$13.11M (-3.5%)	2.4%	$51.03	—	COM	110122108
AMGN	Amgen Inc.	14,041 (+1.6%)	$5.085M (+4.6%)	0.9%	$287.74	—	COM	031162100
SCCO	Southern Copper Corporation	31,569 (+2.6%)	$5.501M (+3.9%)	1.0%	$133.82	—	COM	84265V105
AM	Antero Midstream Corp.	474,204 (+1.6%)	$10.79M (+1.4%)	2.0%	$19.14	—	COM	03676B102
HESM	Hess Midstream LP Class A	81,071 (+1.6%)	$3.048M (-1.7%)	0.6%	$35.22	—	COM	428103105

Exited Positions (4)

MSI Motorola Solutions, Inc. 1.6%

Value $8.799M Shares 20,275 Est. Cost $414.66 Unrealized —

VRSN VeriSign, Inc. 1.3%

Value $6.843M Shares 27,552 Est. Cost $236.49 Unrealized —

ROL Rollins, Inc. 1.1%

Value $6.209M Shares 116,260 Est. Cost $52.90 Unrealized —

HAS Hasbro, Inc. 1.1%

Value $5.756M Shares 61,497 Est. Cost $76.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSI	Motorola Solutions, Inc.	20,275	$8.799M	1.6%	$414.66	—	—	620076307
VRSN	VeriSign, Inc.	27,552	$6.843M	1.3%	$236.49	—	—	92343E102
ROL	Rollins, Inc.	116,260	$6.209M	1.1%	$52.90	—	—	775711104
HAS	Hasbro, Inc.	61,497	$5.756M	1.1%	$76.53	—	—	418056107

Decreased Positions (19)

LRCX Lam Research Corporation 3.6%

Value $19.51M (+49.7%) Shares 45,031 (-26.2%) Est. Cost $155.36 Unrealized —

CL Colgate-Palmolive Company 1.0%

Value $5.458M (-51.8%) Shares 59,534 (-55.2%) Est. Cost $85.05 Unrealized —

STRL Sterling Infrastructure, Inc. 1.9%

Value $10.48M (+92.5%) Shares 12,482 (-6.6%) Est. Cost $285.28 Unrealized —

MYRG MYR Group Inc. 2.2%

Value $11.77M (+51.5%) Shares 23,526 (-14.5%) Est. Cost $254.08 Unrealized —

GILD Gilead Sciences, Inc. 1.4%

Value $7.577M (-34.2%) Shares 59,974 (-27.4%) Est. Cost $82.86 Unrealized —

AAPL Apple Inc. 4.6%

Value $24.87M (+12.6%) Shares 85,948 (-1.3%) Est. Cost $218.43 Unrealized —

ANET Arista Networks, Inc. 2.2%

Value $11.81M (+27.0%) Shares 69,525 (-8.2%) Est. Cost $137.66 Unrealized —

ABBV AbbVie, Inc. 2.7%

Value $14.75M (+14.5%) Shares 58,634 (-1.1%) Est. Cost $156.74 Unrealized —

NVDA NVIDIA Corporation 4.3%

Value $23.47M (+7.9%) Shares 117,320 (-6.0%) Est. Cost $186.13 Unrealized —

NXT Nextracker Inc. Class A 1.6%

Value $8.712M (-14.3%) Shares 73,120 (-13.2%) Est. Cost $90.67 Unrealized —

NTAP NetApp, Inc. 1.4%

Value $7.613M (+22.8%) Shares 49,193 (-18.7%) Est. Cost $110.78 Unrealized —

TPR Tapestry, Inc. 2.1%

Value $11.48M (-10.8%) Shares 78,397 (-14.0%) Est. Cost $104.23 Unrealized —

MA Mastercard Incorporated Class A 1.3%

Value $7.223M (-15.9%) Shares 14,063 (-18.2%) Est. Cost $523.04 Unrealized —

AGX Argan, Inc. 2.7%

Value $14.79M (+9.6%) Shares 18,518 (-25.2%) Est. Cost $118.55 Unrealized —

FTI TechnipFMC plc 1.9%

Value $10.21M (-10.2%) Shares 153,954 (-6.3%) Est. Cost $39.05 Unrealized —

QCOM QUALCOMM Incorporated 1.0%

Value $5.38M (-14.5%) Shares 29,114 (-40.4%) Est. Cost $170.79 Unrealized —

STX Seagate Technology Holdings PLC 1.6%

Value $8.786M (+9.1%) Shares 9,105 (-55.7%) Est. Cost $376.45 Unrealized —

AZZ AZZ Inc. 1.0%

Value $5.433M (-5.6%) Shares 35,042 (-23.8%) Est. Cost $126.25 Unrealized —

VRT Vertiv Holdings Co. Class A 2.8%

Value $15.45M (+2.1%) Shares 46,144 (-23.6%) Est. Cost $133.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	Lam Research Corporation	45,031 (-26.2%)	$19.51M (+49.7%)	3.6%	$155.36	—	COM	512807306
CL	Colgate-Palmolive Company	59,534 (-55.2%)	$5.458M (-51.8%)	1.0%	$85.05	—	COM	194162103
STRL	Sterling Infrastructure, Inc.	12,482 (-6.6%)	$10.48M (+92.5%)	1.9%	$285.28	—	COM	859241101
MYRG	MYR Group Inc.	23,526 (-14.5%)	$11.77M (+51.5%)	2.2%	$254.08	—	COM	55405W104
GILD	Gilead Sciences, Inc.	59,974 (-27.4%)	$7.577M (-34.2%)	1.4%	$82.86	—	COM	375558103
AAPL	Apple Inc.	85,948 (-1.3%)	$24.87M (+12.6%)	4.6%	$218.43	—	COM	037833100
ANET	Arista Networks, Inc.	69,525 (-8.2%)	$11.81M (+27.0%)	2.2%	$137.66	—	COM	040413205
ABBV	AbbVie, Inc.	58,634 (-1.1%)	$14.75M (+14.5%)	2.7%	$156.74	—	COM	00287Y109
NVDA	NVIDIA Corporation	117,320 (-6.0%)	$23.47M (+7.9%)	4.3%	$186.13	—	COM	67066G104
NXT	Nextracker Inc. Class A	73,120 (-13.2%)	$8.712M (-14.3%)	1.6%	$90.67	—	COM	65290E101
NTAP	NetApp, Inc.	49,193 (-18.7%)	$7.613M (+22.8%)	1.4%	$110.78	—	COM	64110D104
TPR	Tapestry, Inc.	78,397 (-14.0%)	$11.48M (-10.8%)	2.1%	$104.23	—	COM	876030107
MA	Mastercard Incorporated Class A	14,063 (-18.2%)	$7.223M (-15.9%)	1.3%	$523.04	—	COM	57636Q104
AGX	Argan, Inc.	18,518 (-25.2%)	$14.79M (+9.6%)	2.7%	$118.55	—	COM	04010E109
FTI	TechnipFMC plc	153,954 (-6.3%)	$10.21M (-10.2%)	1.9%	$39.05	—	COM	G87110105
QCOM	QUALCOMM Incorporated	29,114 (-40.4%)	$5.38M (-14.5%)	1.0%	$170.79	—	COM	747525103
STX	Seagate Technology Holdings PLC	9,105 (-55.7%)	$8.786M (+9.1%)	1.6%	$376.45	—	COM	G7997R103
AZZ	AZZ Inc.	35,042 (-23.8%)	$5.433M (-5.6%)	1.0%	$126.25	—	COM	002474104
VRT	Vertiv Holdings Co. Class A	46,144 (-23.6%)	$15.45M (+2.1%)	2.8%	$133.31	—	COM	92537N108