Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AZN	ASTRAZENECA PLC	657,228	$127M	1.0%	$190.39	0.0%	ORD	G0593M107
COST	COSTCO WHOLESALE CORPORATION	114,906	$114M	0.9%	$963.77	0.0%	COM	22160K105
EQIX	EQUINIX INC	76,997	$75.48M	0.6%	$764.11	0.0%	COM	29444U700
ADI	ANALOG DEVICES INC	228,127	$72.58M	0.6%	$316.17	0.0%	COM	032654105
BMO	BANK MONTREAL MEDIUM	533,308	$71.99M	0.6%	$138.89	0.0%	COM	063671101
TMUS	T-MOBILE US INC	337,049	$70.79M	0.6%	$200.28	0.0%	COM	872590104
CHD	CHURCH & DWIGHT CO INC	740,220	$69.08M	0.5%	$94.81	0.0%	COM	171340102
TRV	TRAVELERS COMPANIES INC	190,849	$55.67M	0.4%	$288.51	0.0%	COM	89417E109
CRWD	CROWDSTRIKE HLDGS INC	138,778	$54.18M	0.4%	$431.12	0.0%	CL A	22788C105
KEYS	KEYSIGHT TECHNOLOGIES INC	190,343	$53.75M	0.4%	$228.24	0.0%	COM	49338L103
CDNS	CADENCE DESIGN SYSTEM INC	190,259	$52.87M	0.4%	$303.32	0.0%	COM	127387108
FANG	DIAMONDBACK ENERGY INC	257,444	$50.92M	0.4%	$159.83	0.0%	COM	25278X109
SO	SOUTHERN CO	474,841	$45.83M	0.4%	$89.54	0.0%	COM	842587107
DE	DEERE & CO	80,537	$45.37M	0.4%	$551.35	0.0%	COM	244199105
GLW	CORNING INC	323,933	$44.05M	0.3%	$111.68	0.0%	COM	219350105
HAL	HALLIBURTON CO	1,017,253	$39.66M	0.3%	$33.54	0.0%	COM	406216101
FIX	COMFORT SYS USA INC	26,940	$37.15M	0.3%	$1196.06	0.0%	COM	199908104
SBUX	STARBUCKS CORP	414,219	$37.11M	0.3%	$93.62	0.0%	COM	855244109
CSX	CSX CORP	860,775	$35.33M	0.3%	$38.52	0.0%	COM	126408103
ETN	EATON CORP PLC	89,928	$32.16M	0.3%	$353.63	0.0%	SHS	G29183103
CVS	CVS HEALTH CORP	427,005	$30.67M	0.2%	$77.96	0.0%	COM	126650100
NOW	SERVICENOW INC	285,590	$29.86M	0.2%	$121.19	0.0%	COM	81762P102
INTC	INTEL CORP	667,045	$29.44M	0.2%	$46.43	0.0%	COM	458140100
PFE	PFIZER INC	1,007,804	$28.3M	0.2%	$26.18	0.0%	COM	717081103
CSL	CARLISLE COS INC	78,058	$26.04M	0.2%	$371.49	0.0%	COM	142339100
WMB	WILLIAMS COS INC	340,842	$24.81M	0.2%	$66.35	0.0%	COM	969457100
PANW	PALO ALTO NETWORKS INC	141,554	$22.69M	0.2%	$172.15	0.0%	COM	697435105
BSY	BENTLEY SYS INC	645,595	$22.67M	0.2%	$36.12	0.0%	COM CL B	08265T208
MPWR	MONOLITHIC PWR SYS INC	20,198	$22.08M	0.2%	$1104.63	0.0%	COM	609839105
OXY	OCCIDENTAL PETE CORP	338,624	$22.01M	0.2%	$45.43	0.0%	COM	674599105
LH	LABCORP HOLDINGS INC	81,355	$21.71M	0.2%	$271.07	0.0%	COM SHS	504922105
BE	BLOOM ENERGY CORP	154,026	$20.87M	0.2%	$144.65	0.0%	COM CL A	093712107
PSX	PHILLIPS 66	113,704	$20.71M	0.2%	$147.11	0.0%	COM	718546104
SNOW	SNOWFLAKE INC	134,659	$20.31M	0.2%	$194.49	0.0%	COM SHS	833445109
SPOT	SPOTIFY TECHNOLOGY S A	41,496	$20.12M	0.2%	$497.31	0.0%	SHS	L8681T102
CME	CME GROUP INC	65,823	$19.44M	0.2%	$289.33	0.0%	COM	12572Q105
STX	SEAGATE TECHNOLOGY HLDNGS PL	47,881	$18.76M	0.1%	$376.45	0.0%	ORD SHS	G7997R103
EXC	EXELON CORP	371,783	$18.22M	0.1%	$45.14	0.0%	COM	30161N101
DVN	DEVON ENERGY CORP NEW	361,531	$18.19M	0.1%	$40.25	0.0%	COM	25179M103
BSX	BOSTON SCIENTIFIC CORP	272,168	$17.08M	0.1%	$85.82	0.0%	COM	101137107
IQV	IQVIA HLDGS INC	98,727	$16.84M	0.1%	$210.16	0.0%	COM	46266C105
APD	AIR PRODUCTS AND CHEMICALS I	57,510	$16.71M	0.1%	$271.49	0.0%	COM	009158106
ARES	ARES MANAGEMENT CORPORATION	150,597	$16.43M	0.1%	$148.60	0.0%	CL A COM STK	03990B101
ICE	INTERCONTINENTAL EXCHANGE IN	101,371	$15.94M	0.1%	$164.98	0.0%	COM	45866F104
NTR	NUTRIEN LTD	202,987	$15.32M	0.1%	$68.11	0.0%	COM	67077M108
PNC	PNC FINL SVCS GROUP INC	73,313	$15.26M	0.1%	$224.93	0.0%	COM	693475105
LNG	CHENIERE ENERGY INC	53,483	$15.18M	0.1%	$209.78	0.0%	COM NEW	16411R208
ZM	ZOOM COMMUNICATIONS INC	183,269	$14.73M	0.1%	$88.07	0.0%	CL A	98980L101
SPG	SIMON PPTY GROUP INC NEW	78,125	$14.57M	0.1%	$183.97	0.0%	COM	828806109
EQT	EQT CORP	224,231	$14.27M	0.1%	$55.27	0.0%	COM	26884L109
FTNT	FORTINET INC	173,175	$14.15M	0.1%	$79.98	0.0%	COM	34959E109
NOC	NORTHROP GRUMMAN CORP	19,699	$13.44M	0.1%	$673.66	0.0%	COM	666807102
HBAN	HUNTINGTON BANCSHARES INC	837,899	$13.11M	0.1%	$17.89	0.0%	COM	446150104
ICLR	ICON PLC	109,926	$12.16M	0.1%	$156.36	0.0%	SHS	G4705A100
BG	BUNGE GLOBAL SA	91,867	$11.69M	0.1%	$112.04	0.0%	COM SHS	H11356104
CTVA	CORTEVA INC	136,835	$11.45M	0.1%	$72.77	0.0%	COM	22052L104
TXN	TEXAS INSTRS INC	58,423	$11.34M	0.1%	$206.27	0.0%	COM	882508104
IR	INGERSOLL RAND INC	137,891	$11.05M	0.1%	$90.43	0.0%	COM	45687V106
XYZ	BLOCK INC	175,788	$10.58M	0.1%	$60.32	0.0%	CL A	852234103
PKG	PACKAGING CORP AMER	49,735	$10.55M	0.1%	$226.32	0.0%	COM	695156109
SLF	SUN LIFE FINANCIAL INC.	166,326	$10.38M	0.1%	$64.20	0.0%	COM	866796105
ROL	ROLLINS INC	193,217	$10.32M	0.1%	$61.83	0.0%	COM	775711104
EW	EDWARDS LIFESCIENCES CORP	126,098	$10.1M	0.1%	$81.94	0.0%	COM	28176E108
MCHP	MICROCHIP TECHNOLOGY INC.	145,860	$9.424M	0.1%	$75.77	0.0%	COM	595017104
BLDR	BUILDERS FIRSTSOURCE INC	114,060	$9.391M	0.1%	$117.53	0.0%	COM	12008R107
AIG	AMERICAN INTL GROUP INC	98,442	$7.408M	0.1%	$76.34	0.0%	COM NEW	026874784
HLT	HILTON WORLDWIDE HLDGS INC	21,587	$6.564M	0.1%	$305.09	0.0%	COM	43300A203
NTRS	NORTHERN TR CORP	36,578	$5.105M	0.0%	$146.90	0.0%	COM	665859104
ROST	ROSS STORES INC	20,172	$4.37M	0.0%	$192.38	0.0%	COM	778296103
SUNB	SUNBELT RENTALS HOLDINGS INC	6,604	$414K	0.0%	$62.72	—	SHS	866966104
QGEN	QIAGEN NV	4,627	$185K	0.0%	$50.32	0.0%	ORD SHARES	N72482156

Increased Positions (50)

TTE TOTALENERGIES SE 0.8%

Value $107M (+186.9%) Shares 1,151,571 (+100.8%) Est. Cost $67.40 Unrealized +6.1%

PG PROCTER & GAMBLE CO 0.5%

Value $69.64M (+1549.0%) Shares 482,151 (+1536.1%) Est. Cost $152.32 Unrealized -0.4%

MRK MERCK & CO INC 0.9%

Value $116M (+108.9%) Shares 967,598 (+82.8%) Est. Cost $102.77 Unrealized +11.2%

LIN LINDE PLC 0.8%

Value $98.55M (+150.2%) Shares 198,785 (+115.2%) Est. Cost $442.02 Unrealized +4.1%

WM WASTE MGMT INC DEL 0.7%

Value $83.13M (+235.9%) Shares 361,782 (+221.1%) Est. Cost $221.86 Unrealized +1.9%

XEL XCEL ENERGY INC 0.5%

Value $61.91M (+282.9%) Shares 779,301 (+256.0%) Est. Cost $75.53 Unrealized +2.2%

REGN REGENERON PHARMACEUTICALS 0.6%

Value $76.54M (+143.0%) Shares 99,069 (+142.7%) Est. Cost $684.25 Unrealized +12.4%

NDAQ NASDAQ INC 0.4%

Value $55.83M (+395.0%) Shares 657,732 (+466.4%) Est. Cost $91.39 Unrealized +0.4%

CHRW C H ROBINSON WORLDWIDE IN 0.4%

Value $46.05M (+2070.0%) Shares 277,285 (+2000.6%) Est. Cost $177.67 Unrealized +2.0%

NFLX NETFLIX INC. 1.0%

Value $129M (+51.0%) Shares 1,342,560 (+47.2%) Est. Cost $90.82 Unrealized -7.7%

T AT&T INC 0.3%

Value $42.66M (+1261.0%) Shares 1,471,698 (+1066.2%) Est. Cost $25.55 Unrealized +0.8%

VZ VERIZON COMMUNICATIONS INC 0.4%

Value $44.81M (+664.5%) Shares 892,639 (+520.3%) Est. Cost $43.43 Unrealized +0.9%

HON HONEYWELL INTL INC 0.3%

Value $36.49M (+1932.8%) Shares 161,421 (+1654.6%) Est. Cost $224.53 Unrealized +0.6%

DELL DELL TECHNOLOGIES INC 0.3%

Value $35.02M (+1546.2%) Shares 213,377 (+1162.6%) Est. Cost $119.83 Unrealized -0.7%

APH AMPHENOL CORP 0.6%

Value $71.15M (+83.2%) Shares 563,112 (+96.0%) Est. Cost $112.45 Unrealized +30.2%

AMGN AMGEN INC 0.3%

Value $37.7M (+532.8%) Shares 107,137 (+488.7%) Est. Cost $338.92 Unrealized +3.2%

ORCL ORACLE CORP 0.3%

Value $42.9M (+193.7%) Shares 291,637 (+289.2%) Est. Cost $155.19 Unrealized +9.3%

NEM NEWMONT CORP 0.2%

Value $28.32M (+8720.2%) Shares 261,646 (+8035.8%) Est. Cost $117.52 Unrealized +0.5%

LMT LOCKHEED MARTIN CORP 0.2%

Value $30.44M (+1048.5%) Shares 50,367 (+819.1%) Est. Cost $591.17 Unrealized +1.6%

LOW LOWES COS INC 0.4%

Value $54.41M (+103.7%) Shares 230,271 (+107.9%) Est. Cost $256.49 Unrealized +5.9%

KO COCA COLA CO 0.8%

Value $101M (+37.0%) Shares 1,324,627 (+26.0%) Est. Cost $70.50 Unrealized +6.0%

AMAT APPLIED MATLS INC 0.2%

Value $31.29M (+497.2%) Shares 91,545 (+349.1%) Est. Cost $286.01 Unrealized +14.2%

FLUT FLUTTER ENTMT PLC 0.2%

Value $25.91M (+2036.1%) Shares 254,695 (+4457.1%) Est. Cost $168.23 Unrealized -1.0%

BLK BLACKROCK INC 0.2%

Value $27.67M (+618.2%) Shares 28,776 (+699.3%) Est. Cost $1097.25 Unrealized +0.0%

MDT MEDTRONIC PLC 0.2%

Value $24.91M (+850.0%) Shares 287,519 (+953.2%) Est. Cost $98.73 Unrealized +0.8%

ALC ALCON AG 0.2%

Value $29.82M (+270.4%) Shares 403,692 (+300.1%) Est. Cost $79.08 Unrealized +1.8%

PEP PEPSICO INC 0.4%

Value $45.13M (+91.4%) Shares 290,639 (+76.9%) Est. Cost $149.75 Unrealized +3.3%

SYK STRYKER CORPORATION 0.2%

Value $21.94M (+617.5%) Shares 66,773 (+667.5%) Est. Cost $356.50 Unrealized +2.3%

OKE ONEOK INC NEW 0.1%

Value $18.04M (+976.4%) Shares 199,558 (+775.3%) Est. Cost $80.63 Unrealized -2.6%

CAH CARDINAL HEALTH INC 0.6%

Value $75.79M (+24.9%) Shares 358,677 (+21.5%) Est. Cost $189.33 Unrealized +13.7%

FERG FERGUSON ENTERPRISES INC 0.1%

Value $15.88M (+710.5%) Shares 68,553 (+679.0%) Est. Cost $247.69 Unrealized +1.4%

TMO THERMO FISHER SCIENTIFIC INC 0.5%

Value $65.43M (+26.4%) Shares 133,106 (+49.0%) Est. Cost $568.27 Unrealized +1.1%

APO APOLLO GLOBAL MGMT INC 0.2%

Value $25.7M (+108.7%) Shares 230,666 (+171.2%) Est. Cost $133.10 Unrealized +0.2%

GM GENERAL MTRS CO 0.1%

Value $18.35M (+227.0%) Shares 246,275 (+256.9%) Est. Cost $69.55 Unrealized +18.3%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value $13.55M (+712.9%) Shares 186,445 (+542.9%) Est. Cost $63.96 Unrealized +2.6%

CL COLGATE PALMOLIVE CO 0.1%

Value $13.79M (+583.2%) Shares 161,749 (+533.5%) Est. Cost $88.10 Unrealized +0.7%

GILD GILEAD SCIENCES INC 0.4%

Value $47.54M (+25.9%) Shares 341,130 (+10.8%) Est. Cost $119.16 Unrealized +16.1%

PH PARKER-HANNIFIN CORP 0.3%

Value $34.89M (+34.8%) Shares 38,973 (+32.4%) Est. Cost $852.03 Unrealized +12.4%

NSC NORFOLK SOUTHN CORP 0.3%

Value $34.75M (+34.4%) Shares 121,096 (+35.2%) Est. Cost $290.32 Unrealized +2.7%

JPM JPMORGAN CHASE & CO 1.2%

Value $146M (-5.7%) Shares 497,751 (+3.3%) Est. Cost $190.24 Unrealized +63.7%

MCO MOODYS CORP 0.2%

Value $20.75M (+59.5%) Shares 47,567 (+86.8%) Est. Cost $488.38 Unrealized +0.2%

BKNG BOOKING HOLDINGS INC 0.2%

Value $29.85M (-19.0%) Shares 7,090 (+3.0%) Est. Cost $5127.44 Unrealized -6.7%

SLB SLB LIMITED 0.2%

Value $23.84M (+37.5%) Shares 463,822 (+2.7%) Est. Cost $36.38 Unrealized +32.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.9%

Value $118M (+5.6%) Shares 245,420 (+10.8%) Est. Cost $448.92 Unrealized +9.9%

SRE SEMPRA 0.3%

Value $43.57M (+14.7%) Shares 448,352 (+4.2%) Est. Cost $75.55 Unrealized +18.5%

AON AON PLC 0.4%

Value $47.87M (+8.6%) Shares 148,305 (+18.7%) Est. Cost $352.47 Unrealized -4.7%

ULTA ULTA BEAUTY INC 0.5%

Value $64.19M (+4.4%) Shares 122,796 (+20.9%) Est. Cost $570.45 Unrealized +17.4%

RACE FERRARI N V 0.2%

Value $19.89M (+15.1%) Shares 59,734 (+29.3%) Est. Cost $397.49 Unrealized -10.3%

FLJP FRANKLIN TEMPLETON ETF TR 0.0%

Value $6.152M (+10.2%) Shares 170,041 (+5.3%) Est. Cost $34.91 Unrealized —

SF STIFEL FINL CORP 0.0%

Value $1.63M (-11.5%) Shares 22,050 (+50.0%) Est. Cost $111.23 Unrealized +12.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	1,151,571 (+100.8%)	$107M (+186.9%)	0.8%	$67.40	+6.1%	ACT	F92124100
PG	PROCTER & GAMBLE CO	482,151 (+1536.1%)	$69.64M (+1549.0%)	0.5%	$152.32	-0.4%	COM	742718109
MRK	MERCK & CO INC	967,598 (+82.8%)	$116M (+108.9%)	0.9%	$102.77	+11.2%	COM	58933Y105
LIN	LINDE PLC	198,785 (+115.2%)	$98.55M (+150.2%)	0.8%	$442.02	+4.1%	SHS	G54950103
WM	WASTE MGMT INC DEL	361,782 (+221.1%)	$83.13M (+235.9%)	0.7%	$221.86	+1.9%	COM	94106L109
XEL	XCEL ENERGY INC	779,301 (+256.0%)	$61.91M (+282.9%)	0.5%	$75.53	+2.2%	COM	98389B100
REGN	REGENERON PHARMACEUTICALS	99,069 (+142.7%)	$76.54M (+143.0%)	0.6%	$684.25	+12.4%	COM	75886F107
NDAQ	NASDAQ INC	657,732 (+466.4%)	$55.83M (+395.0%)	0.4%	$91.39	+0.4%	COM	631103108
CHRW	C H ROBINSON WORLDWIDE IN	277,285 (+2000.6%)	$46.05M (+2070.0%)	0.4%	$177.67	+2.0%	COM NEW	12541W209
NFLX	NETFLIX INC.	1,342,560 (+47.2%)	$129M (+51.0%)	1.0%	$90.82	-7.7%	COM	64110L106
T	AT&T INC	1,471,698 (+1066.2%)	$42.66M (+1261.0%)	0.3%	$25.55	+0.8%	COM	00206R102
VZ	VERIZON COMMUNICATIONS INC	892,639 (+520.3%)	$44.81M (+664.5%)	0.4%	$43.43	+0.9%	COM	92343V104
HON	HONEYWELL INTL INC	161,421 (+1654.6%)	$36.49M (+1932.8%)	0.3%	$224.53	+0.6%	COM	438516106
DELL	DELL TECHNOLOGIES INC	213,377 (+1162.6%)	$35.02M (+1546.2%)	0.3%	$119.83	-0.7%	CL C	24703L202
APH	AMPHENOL CORP	563,112 (+96.0%)	$71.15M (+83.2%)	0.6%	$112.45	+30.2%	CL A	032095101
AMGN	AMGEN INC	107,137 (+488.7%)	$37.7M (+532.8%)	0.3%	$338.92	+3.2%	COM	031162100
ORCL	ORACLE CORP	291,637 (+289.2%)	$42.9M (+193.7%)	0.3%	$155.19	+9.3%	COM	68389X105
NEM	NEWMONT CORP	261,646 (+8035.8%)	$28.32M (+8720.2%)	0.2%	$117.52	+0.5%	COM	651639106
LMT	LOCKHEED MARTIN CORP	50,367 (+819.1%)	$30.44M (+1048.5%)	0.2%	$591.17	+1.6%	COM	539830109
LOW	LOWES COS INC	230,271 (+107.9%)	$54.41M (+103.7%)	0.4%	$256.49	+5.9%	COM	548661107
KO	COCA COLA CO	1,324,627 (+26.0%)	$101M (+37.0%)	0.8%	$70.50	+6.0%	COM	191216100
AMAT	APPLIED MATLS INC	91,545 (+349.1%)	$31.29M (+497.2%)	0.2%	$286.01	+14.2%	COM	038222105
FLUT	FLUTTER ENTMT PLC	254,695 (+4457.1%)	$25.91M (+2036.1%)	0.2%	$168.23	-1.0%	SHS	G3643J108
BLK	BLACKROCK INC	28,776 (+699.3%)	$27.67M (+618.2%)	0.2%	$1097.25	+0.0%	COM	09290D101
MDT	MEDTRONIC PLC	287,519 (+953.2%)	$24.91M (+850.0%)	0.2%	$98.73	+0.8%	SHS	G5960L103
ALC	ALCON AG	403,692 (+300.1%)	$29.82M (+270.4%)	0.2%	$79.08	+1.8%	ORD SHS	H01301128
PEP	PEPSICO INC	290,639 (+76.9%)	$45.13M (+91.4%)	0.4%	$149.75	+3.3%	COM	713448108
SYK	STRYKER CORPORATION	66,773 (+667.5%)	$21.94M (+617.5%)	0.2%	$356.50	+2.3%	COM	863667101
OKE	ONEOK INC NEW	199,558 (+775.3%)	$18.04M (+976.4%)	0.1%	$80.63	-2.6%	COM	682680103
CAH	CARDINAL HEALTH INC	358,677 (+21.5%)	$75.79M (+24.9%)	0.6%	$189.33	+13.7%	COM	14149Y108
FERG	FERGUSON ENTERPRISES INC	68,553 (+679.0%)	$15.88M (+710.5%)	0.1%	$247.69	+1.4%	COMMON STOCK NEW	31488V107
TMO	THERMO FISHER SCIENTIFIC INC	133,106 (+49.0%)	$65.43M (+26.4%)	0.5%	$568.27	+1.1%	COM	883556102
APO	APOLLO GLOBAL MGMT INC	230,666 (+171.2%)	$25.7M (+108.7%)	0.2%	$133.10	+0.2%	COM	03769M106
GM	GENERAL MTRS CO	246,275 (+256.9%)	$18.35M (+227.0%)	0.1%	$69.55	+18.3%	COM	37045V100
ADM	ARCHER DANIELS MIDLAND CO	186,445 (+542.9%)	$13.55M (+712.9%)	0.1%	$63.96	+2.6%	COM	039483102
CL	COLGATE PALMOLIVE CO	161,749 (+533.5%)	$13.79M (+583.2%)	0.1%	$88.10	+0.7%	COM	194162103
GILD	GILEAD SCIENCES INC	341,130 (+10.8%)	$47.54M (+25.9%)	0.4%	$119.16	+16.1%	COM	375558103
PH	PARKER-HANNIFIN CORP	38,973 (+32.4%)	$34.89M (+34.8%)	0.3%	$852.03	+12.4%	COM	701094104
NSC	NORFOLK SOUTHN CORP	121,096 (+35.2%)	$34.75M (+34.4%)	0.3%	$290.32	+2.7%	COM	655844108
JPM	JPMORGAN CHASE & CO	497,751 (+3.3%)	$146M (-5.7%)	1.2%	$190.24	+63.7%	COM	46625H100
MCO	MOODYS CORP	47,567 (+86.8%)	$20.75M (+59.5%)	0.2%	$488.38	+0.2%	COM	615369105
BKNG	BOOKING HOLDINGS INC	7,090 (+3.0%)	$29.85M (-19.0%)	0.2%	$5127.44	-6.7%	COM	09857L108
SLB	SLB LIMITED	463,822 (+2.7%)	$23.84M (+37.5%)	0.2%	$36.38	+32.8%	COM STK	806857108
BRK/B	BERKSHIRE HATHAWAY INC DEL	245,420 (+10.8%)	$118M (+5.6%)	0.9%	$448.92	+9.9%	CL B NEW	084670702
SRE	SEMPRA	448,352 (+4.2%)	$43.57M (+14.7%)	0.3%	$75.55	+18.5%	COM	816851109
AON	AON PLC	148,305 (+18.7%)	$47.87M (+8.6%)	0.4%	$352.47	-4.7%	SHS CL A	G0403H108
ULTA	ULTA BEAUTY INC	122,796 (+20.9%)	$64.19M (+4.4%)	0.5%	$570.45	+17.4%	COM	90384S303
RACE	FERRARI N V	59,734 (+29.3%)	$19.89M (+15.1%)	0.2%	$397.49	-10.3%	COM	N3167Y103
FLJP	FRANKLIN TEMPLETON ETF TR	170,041 (+5.3%)	$6.152M (+10.2%)	0.0%	$34.91	—	FTSE JAPAN ETF	35473P744
SF	STIFEL FINL CORP	22,050 (+50.0%)	$1.63M (-11.5%)	0.0%	$111.23	+12.8%	COM	860630102

Exited Positions (35)

CRM SALESFORCE INC 1.2%

Value $147M Shares 555,116 Est. Cost $249.12 Unrealized -13.4%

BA BOEING CO 0.9%

Value $114M Shares 524,402 Est. Cost $193.74 Unrealized +23.1%

ACN ACCENTURE PLC IRELAND 0.7%

Value $88.88M Shares 331,269 Est. Cost $254.06 Unrealized -0.3%

DLTR DOLLAR TREE INC 0.6%

Value $75.96M Shares 617,515 Est. Cost $107.15 Unrealized +19.9%

EL LAUDER ESTEE COS INC 0.6%

Value $75.71M Shares 723,005 Est. Cost $90.19 Unrealized +24.0%

EXE EXPAND ENERGY CORPORATION 0.5%

Value $67.24M Shares 609,299 Est. Cost $105.60 Unrealized +0.2%

NBIX NEUROCRINE BIOSCIENCES INC 0.5%

Value $65.16M Shares 459,437 Est. Cost $144.87 Unrealized -7.3%

DD DUPONT DE NEMOURS INC 0.5%

Value $65.02M Shares 1,617,414 Est. Cost $33.28 Unrealized +38.6%

ODFL OLD DOMINION FREIGHT LINE IN 0.5%

Value $64.43M Shares 410,936 Est. Cost $143.18 Unrealized +27.9%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.4%

Value $56.82M Shares 692,734 Est. Cost $77.91 Unrealized +5.6%

INTU INTUIT 0.4%

Value $50.2M Shares 75,790 Est. Cost $674.49 Unrealized -26.2%

INSM INSMED INC 0.4%

Value $48.92M Shares 281,098 Est. Cost $182.48 Unrealized -12.9%

IDXX IDEXX LABS INC 0.4%

Value $44.56M Shares 65,870 Est. Cost $606.98 Unrealized +10.4%

TJX TJX COS INC NEW 0.3%

Value $36.85M Shares 239,898 Est. Cost $147.70 Unrealized +4.4%

CBRE CBRE GROUP INC 0.3%

Value $33.26M Shares 206,882 Est. Cost $133.42 Unrealized +21.0%

SPGI S&P GLOBAL INC 0.2%

Value $31.09M Shares 59,489 Est. Cost $494.21 Unrealized -1.8%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.2%

Value $30.49M Shares 583,266 Est. Cost $46.76 Unrealized +23.7%

MFC MANULIFE FINL CORP 0.2%

Value $29.33M Shares 805,289 Est. Cost $30.84 Unrealized +20.3%

TPG TPG INC 0.2%

Value $28.46M Shares 445,727 Est. Cost $59.03 Unrealized -3.0%

FITB FIFTH THIRD BANCORP 0.2%

Value $25.34M Shares 541,432 Est. Cost $43.65 Unrealized +17.5%

ONON ON HLDG AG 0.2%

Value $24.98M Shares 537,432 Est. Cost $43.09 Unrealized +7.5%

ADBE ADOBE INC 0.2%

Value $24.54M Shares 70,106 Est. Cost $340.09 Unrealized -14.8%

VRT VERTIV HOLDINGS CO 0.2%

Value $20.99M Shares 129,545 Est. Cost $173.58 Unrealized +15.1%

KKR KKR & CO INC 0.1%

Value $17.25M Shares 135,294 Est. Cost $47.36 Unrealized +142.3%

IBKR INTERACTIVE BROKERS GROUP IN 0.1%

Value $16.2M Shares 251,872 Est. Cost $66.89 Unrealized +10.1%

BKR BAKER HUGHES COMPANY 0.1%

Value $16.14M Shares 354,509 Est. Cost $43.87 Unrealized +27.8%

FCNCA FIRST CTZNS BANCSHARES INC D 0.1%

Value $14.73M Shares 6,862 Est. Cost $1883.58 Unrealized +11.1%

MOD MODINE MFG CO 0.1%

Value $14.13M Shares 105,869 Est. Cost $148.95 Unrealized +18.5%

MDB MONGODB INC 0.1%

Value $12.31M Shares 29,337 Est. Cost $363.83 Unrealized +3.4%

ALNY ALNYLAM PHARMACEUTICALS INC 0.1%

Value $12.06M Shares 30,322 Est. Cost $278.53 Unrealized +26.8%

COIN COINBASE GLOBAL INC 0.1%

Value $9.639M Shares 42,622 Est. Cost $234.49 Unrealized -14.5%

NKE NIKE INC 0.1%

Value $9.4M Shares 147,545 Est. Cost $73.79 Unrealized -13.3%

GWRE GUIDEWIRE SOFTWARE INC 0.0%

Value $5.547M Shares 27,598 Est. Cost $221.19 Unrealized -32.1%

IEV ISHARES TR 0.0%

Value $1.197M Shares 17,380 Est. Cost $38.01 Unrealized —

AMRZ AMRIZE LTD 0.0%

Value $433K Shares 7,876 Est. Cost $50.58 Unrealized +12.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	555,116	$147M	1.2%	$249.12	-13.4%	—	79466L302
BA	BOEING CO	524,402	$114M	0.9%	$193.74	+23.1%	—	097023105
ACN	ACCENTURE PLC IRELAND	331,269	$88.88M	0.7%	$254.06	-0.3%	—	G1151C101
DLTR	DOLLAR TREE INC	617,515	$75.96M	0.6%	$107.15	+19.9%	—	256746108
EL	LAUDER ESTEE COS INC	723,005	$75.71M	0.6%	$90.19	+24.0%	—	518439104
EXE	EXPAND ENERGY CORPORATION	609,299	$67.24M	0.5%	$105.60	+0.2%	—	165167735
NBIX	NEUROCRINE BIOSCIENCES INC	459,437	$65.16M	0.5%	$144.87	-7.3%	—	64125C109
DD	DUPONT DE NEMOURS INC	1,617,414	$65.02M	0.5%	$33.28	+38.6%	—	26614N102
ODFL	OLD DOMINION FREIGHT LINE IN	410,936	$64.43M	0.5%	$143.18	+27.9%	—	679580100
GEHC	GE HEALTHCARE TECHNOLOGIES I	692,734	$56.82M	0.4%	$77.91	+5.6%	—	36266G107
INTU	INTUIT	75,790	$50.2M	0.4%	$674.49	-26.2%	—	461202103
INSM	INSMED INC	281,098	$48.92M	0.4%	$182.48	-12.9%	—	457669307
IDXX	IDEXX LABS INC	65,870	$44.56M	0.4%	$606.98	+10.4%	—	45168D104
TJX	TJX COS INC NEW	239,898	$36.85M	0.3%	$147.70	+4.4%	—	872540109
CBRE	CBRE GROUP INC	206,882	$33.26M	0.3%	$133.42	+21.0%	—	12504L109
SPGI	S&P GLOBAL INC	59,489	$31.09M	0.2%	$494.21	-1.8%	—	78409V104
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	583,266	$30.49M	0.2%	$46.76	+23.7%	—	499049104
MFC	MANULIFE FINL CORP	805,289	$29.33M	0.2%	$30.84	+20.3%	—	56501R106
TPG	TPG INC	445,727	$28.46M	0.2%	$59.03	-3.0%	—	872657101
FITB	FIFTH THIRD BANCORP	541,432	$25.34M	0.2%	$43.65	+17.5%	—	316773100
ONON	ON HLDG AG	537,432	$24.98M	0.2%	$43.09	+7.5%	—	H5919C104
ADBE	ADOBE INC	70,106	$24.54M	0.2%	$340.09	-14.8%	—	00724F101
VRT	VERTIV HOLDINGS CO	129,545	$20.99M	0.2%	$173.58	+15.1%	—	92537N108
KKR	KKR & CO INC	135,294	$17.25M	0.1%	$47.36	+142.3%	—	48251W104
IBKR	INTERACTIVE BROKERS GROUP IN	251,872	$16.2M	0.1%	$66.89	+10.1%	—	45841N107
BKR	BAKER HUGHES COMPANY	354,509	$16.14M	0.1%	$43.87	+27.8%	—	05722G100
FCNCA	FIRST CTZNS BANCSHARES INC D	6,862	$14.73M	0.1%	$1883.58	+11.1%	—	31946M103
MOD	MODINE MFG CO	105,869	$14.13M	0.1%	$148.95	+18.5%	—	607828100
MDB	MONGODB INC	29,337	$12.31M	0.1%	$363.83	+3.4%	—	60937P106
ALNY	ALNYLAM PHARMACEUTICALS INC	30,322	$12.06M	0.1%	$278.53	+26.8%	—	02043Q107
COIN	COINBASE GLOBAL INC	42,622	$9.639M	0.1%	$234.49	-14.5%	—	19260Q107
NKE	NIKE INC	147,545	$9.4M	0.1%	$73.79	-13.3%	—	654106103
GWRE	GUIDEWIRE SOFTWARE INC	27,598	$5.547M	0.0%	$221.19	-32.1%	—	40171V100
IEV	ISHARES TR	17,380	$1.197M	0.0%	$38.01	—	—	464287861
AMRZ	AMRIZE LTD	7,876	$433K	0.0%	$50.58	+12.9%	—	H2927K103

Decreased Positions (117)

NVDA NVIDIA CORPORATION 6.6%

Value $840M (-19.1%) Shares 4,815,607 (-13.5%) Est. Cost $98.66 Unrealized +89.2%

MSFT MICROSOFT CORP 4.2%

Value $536M (-26.5%) Shares 1,448,223 (-4.0%) Est. Cost $199.09 Unrealized +118.3%

AAPL APPLE INC 6.0%

Value $766M (-15.8%) Shares 3,019,479 (-9.8%) Est. Cost $154.42 Unrealized +70.2%

GOOGL ALPHABET INC 4.9%

Value $619M (-16.5%) Shares 2,151,493 (-9.1%) Est. Cost $131.24 Unrealized +146.3%

CRH CRH PLC 0.3%

Value $34.52M (-77.2%) Shares 328,353 (-72.9%) Est. Cost $91.41 Unrealized +36.0%

V VISA INC 0.9%

Value $110M (-50.7%) Shares 363,922 (-42.8%) Est. Cost $262.62 Unrealized +25.3%

TSLA TESLA INC 1.3%

Value $171M (-36.7%) Shares 459,933 (-23.4%) Est. Cost $260.36 Unrealized +63.6%

AMZN AMAZON COM INC 2.9%

Value $371M (-20.6%) Shares 1,779,179 (-12.0%) Est. Cost $147.42 Unrealized +53.9%

LLY ELI LILLY & CO 1.2%

Value $157M (-38.0%) Shares 170,467 (-27.5%) Est. Cost $597.45 Unrealized +75.3%

COF CAPITAL ONE FINL CORP 0.2%

Value $22.33M (-80.6%) Shares 122,400 (-74.2%) Est. Cost $192.04 Unrealized +16.2%

MS MORGAN STANLEY 0.4%

Value $49.35M (-64.7%) Shares 299,872 (-61.9%) Est. Cost $166.47 Unrealized +7.9%

FCX FREEPORT MCMORAN INC 0.3%

Value $32.79M (-71.7%) Shares 557,773 (-75.5%) Est. Cost $42.66 Unrealized +43.3%

B BARRICK MNG CORP 0.2%

Value $20.07M (-80.1%) Shares 492,706 (-78.7%) Est. Cost $37.00 Unrealized +30.5%

WMT WALMART INC 0.8%

Value $103M (-43.9%) Shares 830,886 (-49.7%) Est. Cost $79.22 Unrealized +54.0%

META META PLATFORMS INC 1.8%

Value $228M (-25.5%) Shares 397,692 (-14.1%) Est. Cost $211.24 Unrealized +210.3%

RY ROYAL BK CDA 0.4%

Value $47.65M (-60.9%) Shares 295,746 (-58.6%) Est. Cost $153.57 Unrealized +10.7%

MU MICRON TECHNOLOGY INC 0.4%

Value $55.33M (-56.1%) Shares 163,788 (-62.9%) Est. Cost $127.82 Unrealized +202.8%

AVGO BROADCOM INC 2.2%

Value $274M (-18.4%) Shares 884,159 (-8.8%) Est. Cost $163.34 Unrealized +104.6%

IBM INTERNATIONAL BUSINESS MACHS 0.5%

Value $69.61M (-47.0%) Shares 287,192 (-35.3%) Est. Cost $235.37 Unrealized +20.6%

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.1%

Value $10.4M (-84.3%) Shares 52,680 (-79.7%) Est. Cost $236.70 Unrealized -5.0%

USB US BANCORP 0.6%

Value $75.36M (-40.9%) Shares 1,448,978 (-39.4%) Est. Cost $48.72 Unrealized +16.2%

NRG NRG ENERGY INC 0.1%

Value $18.39M (-72.6%) Shares 125,806 (-70.1%) Est. Cost $123.34 Unrealized +28.5%

RTX RTX CORPORATION 0.7%

Value $89.04M (-35.1%) Shares 461,564 (-38.3%) Est. Cost $136.94 Unrealized +43.6%

KLAC KLA CORP 0.4%

Value $56.14M (-46.1%) Shares 38,126 (-55.5%) Est. Cost $650.98 Unrealized +124.6%

ISRG INTUITIVE SURGICAL INC 0.2%

Value $30.26M (-60.7%) Shares 65,644 (-51.7%) Est. Cost $532.37 Unrealized -2.1%

JNJ JOHNSON & JOHNSON 1.0%

Value $130M (-26.3%) Shares 531,632 (-37.6%) Est. Cost $168.96 Unrealized +34.9%

CSCO CISCO SYS INC 0.7%

Value $82.99M (-35.1%) Shares 1,069,596 (-35.6%) Est. Cost $69.86 Unrealized +11.5%

PLTR PALANTIR TECHNOLOGIES INC 0.5%

Value $59.31M (-42.3%) Shares 405,463 (-29.8%) Est. Cost $135.11 Unrealized +14.1%

TEL TE CONNECTIVITY PLC 0.1%

Value $17.69M (-70.3%) Shares 84,655 (-67.6%) Est. Cost $197.83 Unrealized +16.2%

LRCX LAM RESEARCH CORP 0.7%

Value $90.25M (-31.2%) Shares 422,410 (-44.9%) Est. Cost $126.18 Unrealized +79.1%

HCA HCA HEALTHCARE INC 0.1%

Value $18.32M (-67.8%) Shares 38,704 (-68.3%) Est. Cost $384.71 Unrealized +29.4%

RL RALPH LAUREN CORP 0.1%

Value $16.77M (-68.9%) Shares 48,739 (-68.0%) Est. Cost $340.01 Unrealized +6.8%

QCOM QUALCOMM INC 0.0%

Value $1.985M (-94.9%) Shares 15,417 (-93.2%) Est. Cost $169.38 Unrealized -9.1%

C CITIGROUP INC 0.8%

Value $96.89M (-27.0%) Shares 854,350 (-24.9%) Est. Cost $91.79 Unrealized +26.6%

WFC WELLS FARGO & CO 0.2%

Value $25.29M (-57.5%) Shares 317,646 (-50.3%) Est. Cost $66.92 Unrealized +34.5%

PM PHILIP MORRIS INTL INC 0.7%

Value $83.18M (-28.7%) Shares 503,063 (-30.9%) Est. Cost $135.13 Unrealized +30.2%

HIG HARTFORD INSURANCE GROUP INC 0.2%

Value $23.69M (-58.3%) Shares 175,164 (-57.5%) Est. Cost $125.92 Unrealized +8.6%

XOM EXXON MOBIL CORP 1.1%

Value $138M (+28.9%) Shares 813,402 (-8.5%) Est. Cost $100.81 Unrealized +37.6%

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value $406K (-98.7%) Shares 12,694 (-98.5%) Est. Cost $36.17 Unrealized +7.2%

COR CENCORA INC 0.0%

Value $2.922M (-91.1%) Shares 9,300 (-90.5%) Est. Cost $288.08 Unrealized +22.6%

TPR TAPESTRY INC 0.3%

Value $36.16M (-43.7%) Shares 256,287 (-49.1%) Est. Cost $76.58 Unrealized +82.3%

ABBV ABBVIE INC 0.5%

Value $60.33M (-30.6%) Shares 277,386 (-27.0%) Est. Cost $171.71 Unrealized +29.6%

SGOV ISHARES TR 0.3%

Value $42.02M (-37.8%) Shares 417,450 (-38.0%) Est. Cost $100.38 Unrealized —

MMM 3M CO 0.2%

Value $26.27M (-47.4%) Shares 180,880 (-42.0%) Est. Cost $162.69 Unrealized +0.8%

MA MASTERCARD INCORPORATED 0.6%

Value $78.63M (-22.9%) Shares 157,365 (-11.9%) Est. Cost $322.17 Unrealized +67.3%

APP APPLOVIN CORP 0.1%

Value $15.71M (-59.4%) Shares 39,464 (-31.3%) Est. Cost $461.14 Unrealized +10.0%

CFG CITIZENS FINL GROUP INC 0.1%

Value $18.03M (-55.8%) Shares 300,705 (-56.9%) Est. Cost $46.70 Unrealized +35.2%

CIEN CIENA CORP 0.5%

Value $64.13M (-25.7%) Shares 165,181 (-55.3%) Est. Cost $185.05 Unrealized +46.4%

SHOP SHOPIFY INC 0.3%

Value $43.66M (-33.7%) Shares 368,059 (-10.0%) Est. Cost $110.33 Unrealized +23.7%

ROK ROCKWELL AUTOMATION INC 0.2%

Value $20.79M (-51.6%) Shares 57,920 (-47.5%) Est. Cost $375.21 Unrealized +9.3%

BAC BANK AMERICA CORP 0.5%

Value $59.77M (-26.4%) Shares 1,226,150 (-17.0%) Est. Cost $35.81 Unrealized +49.8%

DB DEUTSCHE BK AG 0.0%

Value $2.063M (-91.0%) Shares 71,302 (-87.9%) Est. Cost $32.52 Unrealized +17.0%

CCL CARNIVAL CORP 0.1%

Value $6.441M (-75.8%) Shares 248,887 (-71.5%) Est. Cost $27.88 Unrealized +11.3%

PWR QUANTA SVCS INC 0.1%

Value $14M (-59.1%) Shares 25,499 (-68.5%) Est. Cost $439.27 Unrealized +10.7%

BK BANK NEW YORK MELLON CORP 0.4%

Value $48.47M (-29.1%) Shares 408,582 (-30.6%) Est. Cost $96.87 Unrealized +24.0%

STLA STELLANTIS N.V 0.0%

Value $4.944M (-78.7%) Shares 708,055 (-66.0%) Est. Cost $11.31 Unrealized —

UNM UNUM GROUP 0.3%

Value $41.31M (-29.8%) Shares 565,595 (-25.5%) Est. Cost $76.48 Unrealized -1.2%

UBS UBS GROUP AG 0.2%

Value $22.22M (-43.9%) Shares 579,963 (-31.8%) Est. Cost $29.59 Unrealized +54.0%

CM CANADIAN IMPERIAL BANK OF CO 0.1%

Value $16.69M (-50.8%) Shares 176,689 (-52.7%) Est. Cost $61.79 Unrealized +53.1%

CAT CATERPILLAR INC 0.7%

Value $84.91M (-16.8%) Shares 119,852 (-32.7%) Est. Cost $364.21 Unrealized +87.9%

UNH UNITEDHEALTH GROUP INC 0.4%

Value $48.55M (-24.5%) Shares 179,417 (-7.9%) Est. Cost $415.07 Unrealized -25.6%

EXPD EXPEDITORS INTL WASH INC 0.2%

Value $28.81M (-35.3%) Shares 201,153 (-32.7%) Est. Cost $134.83 Unrealized +16.3%

CB CHUBB LTD SWITZ 0.2%

Value $28.45M (-35.2%) Shares 87,281 (-37.9%) Est. Cost $292.40 Unrealized +8.1%

DIS DISNEY WALT CO 0.2%

Value $30.35M (-33.6%) Shares 314,866 (-21.6%) Est. Cost $109.53 Unrealized -0.1%

J JACOBS SOLUTIONS INC 0.2%

Value $21.42M (-41.3%) Shares 168,319 (-38.9%) Est. Cost $146.41 Unrealized -5.4%

UNP UNION PAC CORP 0.3%

Value $33.34M (-30.6%) Shares 137,416 (-33.8%) Est. Cost $227.08 Unrealized +7.2%

AEM AGNICO EAGLE MINES LTD 0.2%

Value $23.8M (-34.8%) Shares 117,633 (-45.3%) Est. Cost $84.44 Unrealized +144.0%

MCK MCKESSON CORP 0.1%

Value $12.48M (-50.1%) Shares 14,424 (-52.7%) Est. Cost $815.57 Unrealized +7.3%

PLD PROLOGIS INC. 0.2%

Value $24.43M (-33.8%) Shares 184,787 (-36.0%) Est. Cost $108.70 Unrealized +18.7%

GS GOLDMAN SACHS GROUP INC 0.3%

Value $43.68M (-21.6%) Shares 51,628 (-18.5%) Est. Cost $505.92 Unrealized +84.3%

MAR MARRIOTT INTL INC NEW 0.4%

Value $52.96M (-18.2%) Shares 161,920 (-22.4%) Est. Cost $285.32 Unrealized +15.9%

MNST MONSTER BEVERAGE CORP NEW 0.3%

Value $35.74M (-24.5%) Shares 493,258 (-20.1%) Est. Cost $71.65 Unrealized +12.5%

WELL WELLTOWER INC 0.2%

Value $26.48M (-29.1%) Shares 133,957 (-33.4%) Est. Cost $148.90 Unrealized +25.5%

TRGP TARGA RES CORP 0.1%

Value $15.21M (-41.4%) Shares 60,655 (-56.9%) Est. Cost $168.08 Unrealized +20.0%

AXP AMERICAN EXPRESS CO 0.2%

Value $30.24M (-25.1%) Shares 99,967 (-8.4%) Est. Cost $316.99 Unrealized +12.4%

SW SMURFIT WESTROCK PLC 0.1%

Value $15.69M (-39.1%) Shares 400,187 (-40.0%) Est. Cost $44.08 Unrealized -0.2%

GE GE AEROSPACE 0.4%

Value $53.9M (-15.6%) Shares 189,937 (-8.4%) Est. Cost $149.46 Unrealized +112.9%

FUTU FUTU HLDGS LTD 0.0%

Value $4.827M (-67.0%) Shares 35,297 (-60.4%) Est. Cost $102.35 Unrealized —

NBIS NEBIUS GROUP N.V. 0.0%

Value $5.164M (-65.1%) Shares 49,770 (-71.9%) Est. Cost $103.64 Unrealized -7.0%

HD HOME DEPOT INC 0.5%

Value $66.75M (-12.4%) Shares 202,966 (-8.4%) Est. Cost $387.35 Unrealized -2.7%

AMD ADVANCED MICRO DEVICES INC 0.5%

Value $61.62M (-13.0%) Shares 302,897 (-8.4%) Est. Cost $130.56 Unrealized +69.8%

HOOD ROBINHOOD MKTS INC 0.1%

Value $9.748M (-43.6%) Shares 140,662 (-7.9%) Est. Cost $59.97 Unrealized +59.7%

FER FERROVIAL SE 0.1%

Value $18.72M (-26.7%) Shares 293,114 (-25.4%) Est. Cost $57.06 Unrealized +21.8%

CEG CONSTELLATION ENERGY CORP 0.1%

Value $15.9M (-27.6%) Shares 56,931 (-8.4%) Est. Cost $363.20 Unrealized -17.1%

EME EMCOR GROUP INC 0.0%

Value $5.811M (-49.2%) Shares 7,871 (-57.9%) Est. Cost $647.50 Unrealized +12.2%

HDB HDFC BANK LTD 0.1%

Value $8.323M (-39.3%) Shares 334,528 (-10.9%) Est. Cost $43.47 Unrealized —

MCD MCDONALDS CORP 0.4%

Value $56.96M (-8.1%) Shares 183,259 (-9.7%) Est. Cost $304.60 Unrealized +4.2%

AER AERCAP HOLDINGS NV 0.2%

Value $30.05M (-14.3%) Shares 219,061 (-10.2%) Est. Cost $108.07 Unrealized +34.9%

NEE NEXTERA ENERGY INC 0.8%

Value $104M (-4.3%) Shares 1,123,113 (-17.3%) Est. Cost $79.46 Unrealized +9.7%

CW CURTISS WRIGHT CORP 0.3%

Value $39.54M (+13.2%) Shares 58,056 (-8.4%) Est. Cost $557.64 Unrealized +16.7%

BN BROOKFIELD CORP 0.2%

Value $21.28M (-17.5%) Shares 527,011 (-6.1%) Est. Cost $37.90 Unrealized +23.1%

VLO VALERO ENERGY CORP 0.2%

Value $19.15M (+26.9%) Shares 77,498 (-16.4%) Est. Cost $128.81 Unrealized +47.6%

UTHR UNITED THERAPEUTICS CORP DEL 0.2%

Value $20.65M (-14.4%) Shares 34,828 (-29.6%) Est. Cost $465.69 Unrealized +3.2%

SCHW SCHWAB CHARLES CORP 0.3%

Value $32.77M (-8.9%) Shares 348,675 (-3.2%) Est. Cost $83.77 Unrealized +19.5%

IONS IONIS PHARMACEUTICALS INC 0.1%

Value $17.99M (-13.1%) Shares 239,645 (-8.5%) Est. Cost $75.30 Unrealized +8.6%

IYK ISHARES TR 0.0%

Value $4.794M (-35.9%) Shares 68,450 (-38.4%) Est. Cost $71.17 Unrealized —

MCHI ISHARES TR 0.0%

Value $1.921M (-58.0%) Shares 34,200 (-54.7%) Est. Cost $59.34 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $8.799M (-21.6%) Shares 13,530 (-17.1%) Est. Cost $433.44 Unrealized —

TD TORONTO DOMINION BK ONT 0.2%

Value $29.82M (-7.4%) Shares 320,362 (-6.1%) Est. Cost $75.06 Unrealized +26.9%

VOO VANGUARD INDEX FDS 0.2%

Value $23.49M (-9.1%) Shares 39,299 (-4.4%) Est. Cost $478.00 Unrealized —

MICC MAGNUM ICE CREAM CO NV 0.0%

Value $79,773 (-96.7%) Shares 5,448 (-96.4%) Est. Cost $15.68 Unrealized +7.2%

VRTX VERTEX PHARMACEUTICALS INC 0.2%

Value $19.92M (-9.8%) Shares 44,618 (-8.4%) Est. Cost $431.03 Unrealized +8.5%

AAXJ ISHARES TR 0.1%

Value $11.93M (-13.9%) Shares 123,930 (-16.5%) Est. Cost $87.63 Unrealized —

ACWI ISHARES TR 0.0%

Value $5.766M (-22.1%) Shares 41,674 (-19.8%) Est. Cost $125.59 Unrealized —

CCJ CAMECO CORP 0.1%

Value $14.31M (+10.8%) Shares 132,288 (-6.1%) Est. Cost $77.39 Unrealized +50.3%

PHM PULTE GROUP INC 0.1%

Value $15.61M (-8.1%) Shares 132,727 (-8.4%) Est. Cost $122.44 Unrealized +7.3%

KGC KINROSS GOLD CORP 0.2%

Value $26.57M (-4.3%) Shares 871,876 (-11.4%) Est. Cost $19.24 Unrealized +75.6%

RCL ROYAL CARIBBEAN GROUP 0.1%

Value $10.39M (-9.6%) Shares 37,764 (-8.4%) Est. Cost $281.58 Unrealized +9.7%

GEV GE VERNOVA INC 0.5%

Value $68.96M (-1.4%) Shares 79,004 (-26.2%) Est. Cost $415.97 Unrealized +77.2%

BMY BRISTOL-MYERS SQUIBB CO 0.2%

Value $24.66M (+4.1%) Shares 406,602 (-7.4%) Est. Cost $45.51 Unrealized +26.2%

ECL ECOLAB INC 0.1%

Value $15.76M (-5.7%) Shares 59,246 (-6.9%) Est. Cost $262.49 Unrealized +9.0%

IYE ISHARES TR 0.0%

Value $4.644M (+22.2%) Shares 71,700 (-9.8%) Est. Cost $45.88 Unrealized —

IYZ ISHARES TR 0.1%

Value $15.94M (-1.3%) Shares 405,290 (-14.5%) Est. Cost $30.42 Unrealized —

LOGI LOGITECH INTL S A 0.0%

Value $265K (-37.4%) Shares 2,939 (-28.6%) Est. Cost $99.25 Unrealized -6.9%

VTR VENTAS INC 0.5%

Value $62.84M (+0.2%) Shares 768,351 (-5.2%) Est. Cost $71.32 Unrealized +8.4%

TECK TECK RESOURCES LTD 0.0%

Value $5.147M (+0.9%) Shares 99,828 (-6.1%) Est. Cost $36.34 Unrealized +51.3%

JBHT HUNT J B TRANS SVCS INC 0.1%

Value $18.39M (-0.1%) Shares 86,799 (-8.4%) Est. Cost $171.51 Unrealized +24.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	4,815,607 (-13.5%)	$840M (-19.1%)	6.6%	$98.66	+89.2%	COM	67066G104
MSFT	MICROSOFT CORP	1,448,223 (-4.0%)	$536M (-26.5%)	4.2%	$199.09	+118.3%	COM	594918104
AAPL	APPLE INC	3,019,479 (-9.8%)	$766M (-15.8%)	6.0%	$154.42	+70.2%	COM	037833100
GOOGL	ALPHABET INC	2,151,493 (-9.1%)	$619M (-16.5%)	4.9%	$131.24	+146.3%	CAP STK CL A	02079K305
CRH	CRH PLC	328,353 (-72.9%)	$34.52M (-77.2%)	0.3%	$91.41	+36.0%	ORD	G25508105
V	VISA INC	363,922 (-42.8%)	$110M (-50.7%)	0.9%	$262.62	+25.3%	COM CL A	92826C839
TSLA	TESLA INC	459,933 (-23.4%)	$171M (-36.7%)	1.3%	$260.36	+63.6%	COM	88160R101
AMZN	AMAZON COM INC	1,779,179 (-12.0%)	$371M (-20.6%)	2.9%	$147.42	+53.9%	COM	023135106
LLY	ELI LILLY & CO	170,467 (-27.5%)	$157M (-38.0%)	1.2%	$597.45	+75.3%	COM	532457108
COF	CAPITAL ONE FINL CORP	122,400 (-74.2%)	$22.33M (-80.6%)	0.2%	$192.04	+16.2%	COM	14040H105
MS	MORGAN STANLEY	299,872 (-61.9%)	$49.35M (-64.7%)	0.4%	$166.47	+7.9%	COM NEW	617446448
FCX	FREEPORT MCMORAN INC	557,773 (-75.5%)	$32.79M (-71.7%)	0.3%	$42.66	+43.3%	CL B	35671D857
B	BARRICK MNG CORP	492,706 (-78.7%)	$20.07M (-80.1%)	0.2%	$37.00	+30.5%	COM SHS	06849F108
WMT	WALMART INC	830,886 (-49.7%)	$103M (-43.9%)	0.8%	$79.22	+54.0%	COM	931142103
META	META PLATFORMS INC	397,692 (-14.1%)	$228M (-25.5%)	1.8%	$211.24	+210.3%	CL A	30303M102
RY	ROYAL BK CDA	295,746 (-58.6%)	$47.65M (-60.9%)	0.4%	$153.57	+10.7%	COM	780087102
MU	MICRON TECHNOLOGY INC	163,788 (-62.9%)	$55.33M (-56.1%)	0.4%	$127.82	+202.8%	COM	595112103
AVGO	BROADCOM INC	884,159 (-8.8%)	$274M (-18.4%)	2.2%	$163.34	+104.6%	COM	11135F101
IBM	INTERNATIONAL BUSINESS MACHS	287,192 (-35.3%)	$69.61M (-47.0%)	0.5%	$235.37	+20.6%	COM	459200101
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	52,680 (-79.7%)	$10.4M (-84.3%)	0.1%	$236.70	-5.0%	COM	874054109
USB	US BANCORP	1,448,978 (-39.4%)	$75.36M (-40.9%)	0.6%	$48.72	+16.2%	COM NEW	902973304
NRG	NRG ENERGY INC	125,806 (-70.1%)	$18.39M (-72.6%)	0.1%	$123.34	+28.5%	COM NEW	629377508
RTX	RTX CORPORATION	461,564 (-38.3%)	$89.04M (-35.1%)	0.7%	$136.94	+43.6%	COM	75513E101
KLAC	KLA CORP	38,126 (-55.5%)	$56.14M (-46.1%)	0.4%	$650.98	+124.6%	COM NEW	482480100
ISRG	INTUITIVE SURGICAL INC	65,644 (-51.7%)	$30.26M (-60.7%)	0.2%	$532.37	-2.1%	COM NEW	46120E602
JNJ	JOHNSON & JOHNSON	531,632 (-37.6%)	$130M (-26.3%)	1.0%	$168.96	+34.9%	COM	478160104
CSCO	CISCO SYS INC	1,069,596 (-35.6%)	$82.99M (-35.1%)	0.7%	$69.86	+11.5%	COM	17275R102
PLTR	PALANTIR TECHNOLOGIES INC	405,463 (-29.8%)	$59.31M (-42.3%)	0.5%	$135.11	+14.1%	CL A	69608A108
TEL	TE CONNECTIVITY PLC	84,655 (-67.6%)	$17.69M (-70.3%)	0.1%	$197.83	+16.2%	ORD SHS	G87052109
LRCX	LAM RESEARCH CORP	422,410 (-44.9%)	$90.25M (-31.2%)	0.7%	$126.18	+79.1%	COM NEW	512807306
HCA	HCA HEALTHCARE INC	38,704 (-68.3%)	$18.32M (-67.8%)	0.1%	$384.71	+29.4%	COM	40412C101
RL	RALPH LAUREN CORP	48,739 (-68.0%)	$16.77M (-68.9%)	0.1%	$340.01	+6.8%	CL A	751212101
QCOM	QUALCOMM INC	15,417 (-93.2%)	$1.985M (-94.9%)	0.0%	$169.38	-9.1%	COM	747525103
C	CITIGROUP INC	854,350 (-24.9%)	$96.89M (-27.0%)	0.8%	$91.79	+26.6%	COM NEW	172967424
WFC	WELLS FARGO & CO	317,646 (-50.3%)	$25.29M (-57.5%)	0.2%	$66.92	+34.5%	COM	949746101
PM	PHILIP MORRIS INTL INC	503,063 (-30.9%)	$83.18M (-28.7%)	0.7%	$135.13	+30.2%	COM	718172109
HIG	HARTFORD INSURANCE GROUP INC	175,164 (-57.5%)	$23.69M (-58.3%)	0.2%	$125.92	+8.6%	COM	416515104
XOM	EXXON MOBIL CORP	813,402 (-8.5%)	$138M (+28.9%)	1.1%	$100.81	+37.6%	COM	30231G102
CMG	CHIPOTLE MEXICAN GRILL INC	12,694 (-98.5%)	$406K (-98.7%)	0.0%	$36.17	+7.2%	COM	169656105
COR	CENCORA INC	9,300 (-90.5%)	$2.922M (-91.1%)	0.0%	$288.08	+22.6%	COM	03073E105
TPR	TAPESTRY INC	256,287 (-49.1%)	$36.16M (-43.7%)	0.3%	$76.58	+82.3%	COM	876030107
ABBV	ABBVIE INC	277,386 (-27.0%)	$60.33M (-30.6%)	0.5%	$171.71	+29.6%	COM	00287Y109
SGOV	ISHARES TR	417,450 (-38.0%)	$42.02M (-37.8%)	0.3%	$100.38	—	0-3 MNTH TREASRY	46436E718
MMM	3M CO	180,880 (-42.0%)	$26.27M (-47.4%)	0.2%	$162.69	+0.8%	COM	88579Y101
MA	MASTERCARD INCORPORATED	157,365 (-11.9%)	$78.63M (-22.9%)	0.6%	$322.17	+67.3%	CL A	57636Q104
APP	APPLOVIN CORP	39,464 (-31.3%)	$15.71M (-59.4%)	0.1%	$461.14	+10.0%	COM CL A	03831W108
CFG	CITIZENS FINL GROUP INC	300,705 (-56.9%)	$18.03M (-55.8%)	0.1%	$46.70	+35.2%	COM	174610105
CIEN	CIENA CORP	165,181 (-55.3%)	$64.13M (-25.7%)	0.5%	$185.05	+46.4%	COM NEW	171779309
SHOP	SHOPIFY INC	368,059 (-10.0%)	$43.66M (-33.7%)	0.3%	$110.33	+23.7%	CL A SUB VTG SHS	82509L107
ROK	ROCKWELL AUTOMATION INC	57,920 (-47.5%)	$20.79M (-51.6%)	0.2%	$375.21	+9.3%	COM	773903109
BAC	BANK AMERICA CORP	1,226,150 (-17.0%)	$59.77M (-26.4%)	0.5%	$35.81	+49.8%	COM	060505104
DB	DEUTSCHE BK AG	71,302 (-87.9%)	$2.063M (-91.0%)	0.0%	$32.52	+17.0%	NAMEN AKT	D18190898
CCL	CARNIVAL CORP	248,887 (-71.5%)	$6.441M (-75.8%)	0.1%	$27.88	+11.3%	COMMON STOCK	143658300
PWR	QUANTA SVCS INC	25,499 (-68.5%)	$14M (-59.1%)	0.1%	$439.27	+10.7%	COM	74762E102
BK	BANK NEW YORK MELLON CORP	408,582 (-30.6%)	$48.47M (-29.1%)	0.4%	$96.87	+24.0%	COM	064058100
STLA	STELLANTIS N.V	708,055 (-66.0%)	$4.944M (-78.7%)	0.0%	$11.31	—	SHS	N82405106
UNM	UNUM GROUP	565,595 (-25.5%)	$41.31M (-29.8%)	0.3%	$76.48	-1.2%	COM	91529Y106
UBS	UBS GROUP AG	579,963 (-31.8%)	$22.22M (-43.9%)	0.2%	$29.59	+54.0%	SHS	H42097107
CM	CANADIAN IMPERIAL BANK OF CO	176,689 (-52.7%)	$16.69M (-50.8%)	0.1%	$61.79	+53.1%	COM	136069101
CAT	CATERPILLAR INC	119,852 (-32.7%)	$84.91M (-16.8%)	0.7%	$364.21	+87.9%	COM	149123101
UNH	UNITEDHEALTH GROUP INC	179,417 (-7.9%)	$48.55M (-24.5%)	0.4%	$415.07	-25.6%	COM	91324P102
EXPD	EXPEDITORS INTL WASH INC	201,153 (-32.7%)	$28.81M (-35.3%)	0.2%	$134.83	+16.3%	COM	302130109
CB	CHUBB LTD SWITZ	87,281 (-37.9%)	$28.45M (-35.2%)	0.2%	$292.40	+8.1%	COM	H1467J104
DIS	DISNEY WALT CO	314,866 (-21.6%)	$30.35M (-33.6%)	0.2%	$109.53	-0.1%	COM	254687106
J	JACOBS SOLUTIONS INC	168,319 (-38.9%)	$21.42M (-41.3%)	0.2%	$146.41	-5.4%	COM	46982L108
UNP	UNION PAC CORP	137,416 (-33.8%)	$33.34M (-30.6%)	0.3%	$227.08	+7.2%	COM	907818108
AEM	AGNICO EAGLE MINES LTD	117,633 (-45.3%)	$23.8M (-34.8%)	0.2%	$84.44	+144.0%	COM	008474108
MCK	MCKESSON CORP	14,424 (-52.7%)	$12.48M (-50.1%)	0.1%	$815.57	+7.3%	COM	58155Q103
PLD	PROLOGIS INC.	184,787 (-36.0%)	$24.43M (-33.8%)	0.2%	$108.70	+18.7%	COM	74340W103
GS	GOLDMAN SACHS GROUP INC	51,628 (-18.5%)	$43.68M (-21.6%)	0.3%	$505.92	+84.3%	COM	38141G104
MAR	MARRIOTT INTL INC NEW	161,920 (-22.4%)	$52.96M (-18.2%)	0.4%	$285.32	+15.9%	CL A	571903202
MNST	MONSTER BEVERAGE CORP NEW	493,258 (-20.1%)	$35.74M (-24.5%)	0.3%	$71.65	+12.5%	COM	61174X109
WELL	WELLTOWER INC	133,957 (-33.4%)	$26.48M (-29.1%)	0.2%	$148.90	+25.5%	COM	95040Q104
TRGP	TARGA RES CORP	60,655 (-56.9%)	$15.21M (-41.4%)	0.1%	$168.08	+20.0%	COM	87612G101
AXP	AMERICAN EXPRESS CO	99,967 (-8.4%)	$30.24M (-25.1%)	0.2%	$316.99	+12.4%	COM	025816109
SW	SMURFIT WESTROCK PLC	400,187 (-40.0%)	$15.69M (-39.1%)	0.1%	$44.08	-0.2%	SHS	G8267P108
GE	GE AEROSPACE	189,937 (-8.4%)	$53.9M (-15.6%)	0.4%	$149.46	+112.9%	COM NEW	369604301
FUTU	FUTU HLDGS LTD	35,297 (-60.4%)	$4.827M (-67.0%)	0.0%	$102.35	—	SPON ADS CL A	36118L106
NBIS	NEBIUS GROUP N.V.	49,770 (-71.9%)	$5.164M (-65.1%)	0.0%	$103.64	-7.0%	SHS CLASS A	N97284108
HD	HOME DEPOT INC	202,966 (-8.4%)	$66.75M (-12.4%)	0.5%	$387.35	-2.7%	COM	437076102
AMD	ADVANCED MICRO DEVICES INC	302,897 (-8.4%)	$61.62M (-13.0%)	0.5%	$130.56	+69.8%	COM	007903107
HOOD	ROBINHOOD MKTS INC	140,662 (-7.9%)	$9.748M (-43.6%)	0.1%	$59.97	+59.7%	COM CL A	770700102
FER	FERROVIAL SE	293,114 (-25.4%)	$18.72M (-26.7%)	0.1%	$57.06	+21.8%	ORD SHS	N3168P101
CEG	CONSTELLATION ENERGY CORP	56,931 (-8.4%)	$15.9M (-27.6%)	0.1%	$363.20	-17.1%	COM	21037T109
EME	EMCOR GROUP INC	7,871 (-57.9%)	$5.811M (-49.2%)	0.0%	$647.50	+12.2%	COM	29084Q100
HDB	HDFC BANK LTD	334,528 (-10.9%)	$8.323M (-39.3%)	0.1%	$43.47	—	SPONSORED ADS	40415F101
MCD	MCDONALDS CORP	183,259 (-9.7%)	$56.96M (-8.1%)	0.4%	$304.60	+4.2%	COM	580135101
AER	AERCAP HOLDINGS NV	219,061 (-10.2%)	$30.05M (-14.3%)	0.2%	$108.07	+34.9%	SHS	N00985106
NEE	NEXTERA ENERGY INC	1,123,113 (-17.3%)	$104M (-4.3%)	0.8%	$79.46	+9.7%	COM	65339F101
CW	CURTISS WRIGHT CORP	58,056 (-8.4%)	$39.54M (+13.2%)	0.3%	$557.64	+16.7%	COM	231561101
BN	BROOKFIELD CORP	527,011 (-6.1%)	$21.28M (-17.5%)	0.2%	$37.90	+23.1%	CL A LTD VT SH	11271J107
VLO	VALERO ENERGY CORP	77,498 (-16.4%)	$19.15M (+26.9%)	0.2%	$128.81	+47.6%	COM	91913Y100
UTHR	UNITED THERAPEUTICS CORP DEL	34,828 (-29.6%)	$20.65M (-14.4%)	0.2%	$465.69	+3.2%	COM	91307C102
SCHW	SCHWAB CHARLES CORP	348,675 (-3.2%)	$32.77M (-8.9%)	0.3%	$83.77	+19.5%	COM	808513105
IONS	IONIS PHARMACEUTICALS INC	239,645 (-8.5%)	$17.99M (-13.1%)	0.1%	$75.30	+8.6%	COM	462222100
IYK	ISHARES TR	68,450 (-38.4%)	$4.794M (-35.9%)	0.0%	$71.17	—	US CONSM STAPLES	464287812
MCHI	ISHARES TR	34,200 (-54.7%)	$1.921M (-58.0%)	0.0%	$59.34	—	MSCI CHINA ETF	46429B671
SPY	STATE STR SPDR S&P 500 ETF T	13,530 (-17.1%)	$8.799M (-21.6%)	0.1%	$433.44	—	TR UNIT	78462F103
TD	TORONTO DOMINION BK ONT	320,362 (-6.1%)	$29.82M (-7.4%)	0.2%	$75.06	+26.9%	COM NEW	891160509
VOO	VANGUARD INDEX FDS	39,299 (-4.4%)	$23.49M (-9.1%)	0.2%	$478.00	—	S&P 500 ETF SHS	922908363
MICC	MAGNUM ICE CREAM CO NV	5,448 (-96.4%)	$79,773 (-96.7%)	0.0%	$15.68	+7.2%	ORD SHS	N5505D105
VRTX	VERTEX PHARMACEUTICALS INC	44,618 (-8.4%)	$19.92M (-9.8%)	0.2%	$431.03	+8.5%	COM	92532F100
AAXJ	ISHARES TR	123,930 (-16.5%)	$11.93M (-13.9%)	0.1%	$87.63	—	MSCI AC ASIA ETF	464288182
ACWI	ISHARES TR	41,674 (-19.8%)	$5.766M (-22.1%)	0.0%	$125.59	—	MSCI ACWI ETF	464288257
CCJ	CAMECO CORP	132,288 (-6.1%)	$14.31M (+10.8%)	0.1%	$77.39	+50.3%	COM	13321L108
PHM	PULTE GROUP INC	132,727 (-8.4%)	$15.61M (-8.1%)	0.1%	$122.44	+7.3%	COM	745867101
KGC	KINROSS GOLD CORP	871,876 (-11.4%)	$26.57M (-4.3%)	0.2%	$19.24	+75.6%	COM	496902404
RCL	ROYAL CARIBBEAN GROUP	37,764 (-8.4%)	$10.39M (-9.6%)	0.1%	$281.58	+9.7%	COM	V7780T103
GEV	GE VERNOVA INC	79,004 (-26.2%)	$68.96M (-1.4%)	0.5%	$415.97	+77.2%	COM	36828A101
BMY	BRISTOL-MYERS SQUIBB CO	406,602 (-7.4%)	$24.66M (+4.1%)	0.2%	$45.51	+26.2%	COM	110122108
ECL	ECOLAB INC	59,246 (-6.9%)	$15.76M (-5.7%)	0.1%	$262.49	+9.0%	COM	278865100
IYE	ISHARES TR	71,700 (-9.8%)	$4.644M (+22.2%)	0.0%	$45.88	—	U.S. ENERGY ETF	464287796
IYZ	ISHARES TR	405,290 (-14.5%)	$15.94M (-1.3%)	0.1%	$30.42	—	US TELECOM ETF	464287713
LOGI	LOGITECH INTL S A	2,939 (-28.6%)	$265K (-37.4%)	0.0%	$99.25	-6.9%	SHS	H50430232
VTR	VENTAS INC	768,351 (-5.2%)	$62.84M (+0.2%)	0.5%	$71.32	+8.4%	COM	92276F100
TECK	TECK RESOURCES LTD	99,828 (-6.1%)	$5.147M (+0.9%)	0.0%	$36.34	+51.3%	CL B	878742204
JBHT	HUNT J B TRANS SVCS INC	86,799 (-8.4%)	$18.39M (-0.1%)	0.1%	$171.51	+24.7%	COM	445658107

Unchanged Positions (89)

CVX CHEVRON CORPORATION 0.7%

Value $83.67M Shares 404,384 Est. Cost $150.03 Unrealized +14.6%

SE SEA LTD 0.2%

Value $21.82M Shares 263,456 Est. Cost $132.13 Unrealized —

ET ENERGY TRANSFER L P 0.3%

Value $38.42M Shares 1,990,834 Est. Cost $19.59 Unrealized —

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value $2.533M Shares 41,290 Est. Cost $68.35 Unrealized +12.4%

IYF ISHARES TR 0.0%

Value $5.912M Shares 50,250 Est. Cost $121.83 Unrealized —

HUM HUMANA INC 0.0%

Value $1.127M Shares 6,500 Est. Cost $261.21 Unrealized -14.4%

SCCO SOUTHERN COPPER CORP 0.0%

Value $3.093M Shares 17,979 Est. Cost $98.10 Unrealized +91.0%

BR BROADRIDGE FINL SOLUTIONS IN 0.0%

Value $1.414M Shares 8,700 Est. Cost $227.30 Unrealized -13.0%

MKC MCCORMICK & CO INC 0.0%

Value $1.296M Shares 25,700 Est. Cost $65.92 Unrealized +1.2%

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value $1.707M Shares 8,400 Est. Cost $297.80 Unrealized -19.1%

MSI MOTOROLA SOLUTIONS INC 0.0%

Value $3.842M Shares 8,853 Est. Cost $339.71 Unrealized +22.4%

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value $2.254M Shares 7,700 Est. Cost $336.70 Unrealized +4.4%

ABT ABBOTT LABORATORIES 0.0%

Value $1.951M Shares 19,000 Est. Cost $125.23 Unrealized -7.8%

SPIB SPDR SERIES TRUST 0.4%

Value $47.03M Shares 1,402,903 Est. Cost $36.45 Unrealized —

IYC ISHARES TR 0.0%

Value $5.709M Shares 58,900 Est. Cost $101.11 Unrealized —

NYT NEW YORK TIMES CO MTN BE 0.0%

Value $2.328M Shares 27,800 Est. Cost $49.62 Unrealized +45.6%

BWA BORGWARNER INC 0.0%

Value $2.317M Shares 42,700 Est. Cost $29.92 Unrealized +74.8%

IVV ISHARES TR 0.1%

Value $6.708M Shares 10,270 Est. Cost $592.19 Unrealized —

A AGILENT TECHNOLOGIES INC 0.0%

Value $1.789M Shares 15,700 Est. Cost $120.55 Unrealized +11.8%

TROW PRICE T ROWE GROUP INC 0.0%

Value $2.533M Shares 28,100 Est. Cost $106.60 Unrealized -5.1%

SUN SUNOCO LP/SUNOCO FIN CORP 0.0%

Value $1.767M Shares 27,200 Est. Cost $58.06 Unrealized —

GPC GENUINE PARTS CO 0.0%

Value $2.093M Shares 19,788 Est. Cost $92.46 Unrealized +44.4%

AM ANTERO MIDSTREAM CORP 0.0%

Value $1.487M Shares 65,200 Est. Cost $17.58 Unrealized +8.5%

EWT ISHARES INC 0.0%

Value $3.006M Shares 42,390 Est. Cost $49.03 Unrealized —

GRMN GARMIN LTD 0.0%

Value $2.413M Shares 10,400 Est. Cost $216.69 Unrealized -1.0%

ALLE ALLEGION PLC 0.0%

Value $3.136M Shares 21,583 Est. Cost $146.31 Unrealized +13.7%

PNR PENTAIR PLC 0.0%

Value $1.516M Shares 17,400 Est. Cost $74.38 Unrealized +37.9%

WMG WARNER MUSIC GROUP CORP 0.0%

Value $1.423M Shares 55,700 Est. Cost $31.57 Unrealized -6.5%

NFG NATIONAL FUEL GAS CO 0.0%

Value $1.926M Shares 20,500 Est. Cost $71.92 Unrealized +16.2%

IGSB ISHARES TR 0.4%

Value $47M Shares 894,272 Est. Cost $54.02 Unrealized —

DGX QUEST DIAGNOSTICS INC 0.0%

Value $2.254M Shares 11,500 Est. Cost $125.21 Unrealized +52.2%

GIS GENERAL MILLS INC 0.0%

Value $1.011M Shares 27,160 Est. Cost $62.66 Unrealized -27.4%

DOV DOVER CORP 0.0%

Value $3.904M Shares 18,728 Est. Cost $185.95 Unrealized +15.4%

VCSH VANGUARD SCOTTSDALE FDS 0.3%

Value $40.64M Shares 512,721 Est. Cost $82.02 Unrealized —

LDOS LEIDOS HOLDINGS INC 0.0%

Value $1.462M Shares 9,400 Est. Cost $173.36 Unrealized +7.3%

HPQ HP INC 0.0%

Value $1.439M Shares 74,900 Est. Cost $25.25 Unrealized -21.7%

NXPI NXP SEMICONDUCTORS N V 0.0%

Value $2.175M Shares 11,050 Est. Cost $223.02 Unrealized +5.1%

OTIS OTIS WORLDWIDE CORP 0.0%

Value $1.65M Shares 21,400 Est. Cost $90.13 Unrealized -0.7%

DG DOLLAR GEN CORP 0.0%

Value $1.828M Shares 15,400 Est. Cost $108.94 Unrealized +35.6%

HUBB HUBBELL INC 0.0%

Value $2.11M Shares 4,300 Est. Cost $382.61 Unrealized +29.5%

CMI CUMMINS INC 0.0%

Value $3.69M Shares 6,859 Est. Cost $189.30 Unrealized +204.0%

IEX IDEX CORP 0.0%

Value $3.027M Shares 15,967 Est. Cost $168.10 Unrealized +18.4%

DTM DT MIDSTREAM INC 0.0%

Value $1.656M Shares 12,300 Est. Cost $103.16 Unrealized +22.1%

MRSH MARSH & MCLENNAN COS INC 0.0%

Value $2.463M Shares 14,200 Est. Cost $186.43 Unrealized -2.7%

SNX TD SYNNEX CORPORATION 0.0%

Value $1.535M Shares 9,100 Est. Cost $146.47 Unrealized +7.6%

NDSN NORDSON CORP 0.0%

Value $1.729M Shares 6,500 Est. Cost $219.03 Unrealized +26.5%

TSCO TRACTOR SUPPLY CO 0.0%

Value $1.599M Shares 35,300 Est. Cost $53.71 Unrealized -1.8%

SNA SNAP ON INC 0.0%

Value $3.222M Shares 8,872 Est. Cost $155.22 Unrealized +139.2%

DCI DONALDSON INC 0.0%

Value $3.671M Shares 43,251 Est. Cost $73.83 Unrealized +38.1%

DRI DARDEN RESTAURANTS INC 0.0%

Value $2.58M Shares 13,160 Est. Cost $124.29 Unrealized +66.9%

MPLX MPLX LP 0.0%

Value $2.42M Shares 42,400 Est. Cost $53.52 Unrealized —

OMC OMNICOM GROUP INC 0.0%

Value $2.13M Shares 28,289 Est. Cost $72.76 Unrealized +5.2%

HESM HESS MIDSTREAM LP 0.0%

Value $1.318M Shares 33,900 Est. Cost $32.37 Unrealized +8.7%

RMD RESMED INC 0.0%

Value $2.02M Shares 9,000 Est. Cost $156.40 Unrealized +63.6%

CI THE CIGNA GROUP 0.0%

Value $4.455M Shares 16,700 Est. Cost $285.59 Unrealized -1.7%

MDLZ MONDELEZ INTL INC 0.0%

Value $2.065M Shares 35,832 Est. Cost $60.64 Unrealized -4.1%

RBA RB GLOBAL INC 0.0%

Value $1.682M Shares 17,600 Est. Cost $101.58 Unrealized +8.3%

ITW ILLINOIS TOOL WKS INC 0.0%

Value $2.265M Shares 8,700 Est. Cost $250.69 Unrealized +9.0%

IYH ISHARES TR 0.0%

Value $1.826M Shares 29,630 Est. Cost $60.91 Unrealized —

CFR CULLEN FROST BANKERS INC 0.0%

Value $1.48M Shares 10,800 Est. Cost $130.63 Unrealized +7.2%

SYY SYSCO CORP 0.0%

Value $3.253M Shares 45,600 Est. Cost $75.59 Unrealized +8.8%

MAS MASCO CORP 0.0%

Value $2.087M Shares 34,563 Est. Cost $69.81 Unrealized +1.1%

MBB ISHARES TR 0.3%

Value $32.1M Shares 338,060 Est. Cost $107.88 Unrealized —

EWBC EAST WEST BANCORP INC 0.0%

Value $1.847M Shares 17,300 Est. Cost $69.37 Unrealized +67.5%

TAP MOLSON COORS BEVERAGE CO 0.0%

Value $1.089M Shares 25,300 Est. Cost $48.53 Unrealized +2.0%

IDU ISHARES TR 0.0%

Value $1.505M Shares 12,960 Est. Cost $113.96 Unrealized —

CNI CANADIAN NATL RY CO 0.0%

Value $2.298M Shares 22,400 Est. Cost $96.01 Unrealized +6.4%

RS RELIANCE INC 0.0%

Value $1.611M Shares 5,300 Est. Cost $300.03 Unrealized +8.9%

WSM WILLIAMS SONOMA INC 0.0%

Value $3.373M Shares 18,500 Est. Cost $188.71 Unrealized +10.1%

NTAP NETAPP INC 0.0%

Value $1.464M Shares 14,300 Est. Cost $119.15 Unrealized -14.5%

AVY AVERY DENNISON CORP 0.0%

Value $1.243M Shares 7,200 Est. Cost $200.09 Unrealized -5.5%

RPM RPM INTL INC 0.0%

Value $1.382M Shares 13,900 Est. Cost $97.49 Unrealized +15.0%

SPMB SPDR SERIES TRUST 0.3%

Value $33.16M Shares 1,482,295 Est. Cost $25.68 Unrealized —

VMBS VANGUARD SCOTTSDALE FDS 0.2%

Value $21.96M Shares 467,648 Est. Cost $53.17 Unrealized —

KOF COCA-COLA FEMSA SAB DE CV 0.0%

Value $1.785M Shares 18,300 Est. Cost $83.10 Unrealized —

GD GENERAL DYNAMICS CORP 0.0%

Value $2.471M Shares 7,200 Est. Cost $313.76 Unrealized +13.0%

ACT ENACT HLDGS INC 0.0%

Value $1.567M Shares 38,400 Est. Cost $25.65 Unrealized +59.0%

CCK CROWN HLDGS INC 0.0%

Value $1.363M Shares 13,600 Est. Cost $99.95 Unrealized +8.1%

RDY DR REDDYS LABS LTD 0.0%

Value $2.651M Shares 191,397 Est. Cost $14.86 Unrealized —

IYJ ISHARES TR 0.0%

Value $2.561M Shares 17,360 Est. Cost $146.88 Unrealized —

YUMC YUM CHINA HLDGS INC 0.0%

Value $1.629M Shares 33,400 Est. Cost $45.46 Unrealized +13.4%

EMR EMERSON ELEC CO 0.0%

Value $2.45M Shares 18,700 Est. Cost $132.37 Unrealized +12.2%

BBY BEST BUY INC 0.0%

Value $661K Shares 10,300 Est. Cost $94.95 Unrealized -29.5%

INGR INGREDION INC 0.0%

Value $1.284M Shares 11,400 Est. Cost $99.77 Unrealized +16.5%

SHW SHERWIN WILLIAMS CO 0.0%

Value $2.34M Shares 7,300 Est. Cost $334.11 Unrealized +6.3%

HPE HEWLETT PACKARD ENTERPRISE C 0.0%

Value $2.262M Shares 95,000 Est. Cost $15.42 Unrealized +43.1%

SSB SOUTHSTATE BK CORP 0.0%

Value $1.147M Shares 12,400 Est. Cost $96.71 Unrealized +4.3%

AOS SMITH A O CORP 0.0%

Value $1.141M Shares 17,300 Est. Cost $70.87 Unrealized +4.5%

ACI ALBERTSONS COS INC 0.0%

Value $1.343M Shares 78,800 Est. Cost $19.97 Unrealized -13.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVX	CHEVRON CORPORATION	404,384	$83.67M	0.7%	$150.03	+14.6%	COM	166764100
SE	SEA LTD	263,456	$21.82M	0.2%	$132.13	—	SPONSORD ADS	81141R100
ET	ENERGY TRANSFER L P	1,990,834	$38.42M	0.3%	$19.59	—	COM UT LTD PTN	29273V100
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	41,290	$2.533M	0.0%	$68.35	+12.4%	CL A	192446102
IYF	ISHARES TR	50,250	$5.912M	0.0%	$121.83	—	U.S. FINLS ETF	464287788
HUM	HUMANA INC	6,500	$1.127M	0.0%	$261.21	-14.4%	COM	444859102
SCCO	SOUTHERN COPPER CORP	17,979	$3.093M	0.0%	$98.10	+91.0%	COM	84265V105
BR	BROADRIDGE FINL SOLUTIONS IN	8,700	$1.414M	0.0%	$227.30	-13.0%	COM	11133T103
MKC	MCCORMICK & CO INC	25,700	$1.296M	0.0%	$65.92	+1.2%	COM NON VTG	579780206
ADP	AUTOMATIC DATA PROCESSING IN	8,400	$1.707M	0.0%	$297.80	-19.1%	COM	053015103
MSI	MOTOROLA SOLUTIONS INC	8,853	$3.842M	0.0%	$339.71	+22.4%	COM NEW	620076307
ELV	ELEVANCE HEALTH INC FORMERLY	7,700	$2.254M	0.0%	$336.70	+4.4%	COM	036752103
ABT	ABBOTT LABORATORIES	19,000	$1.951M	0.0%	$125.23	-7.8%	COM	002824100
SPIB	SPDR SERIES TRUST	1,402,903	$47.03M	0.4%	$36.45	—	STATE STREET SPD	78464A375
IYC	ISHARES TR	58,900	$5.709M	0.0%	$101.11	—	US CONSUM DISCRE	464287580
NYT	NEW YORK TIMES CO MTN BE	27,800	$2.328M	0.0%	$49.62	+45.6%	CL A	650111107
BWA	BORGWARNER INC	42,700	$2.317M	0.0%	$29.92	+74.8%	COM	099724106
IVV	ISHARES TR	10,270	$6.708M	0.1%	$592.19	—	CORE S&P500 ETF	464287200
A	AGILENT TECHNOLOGIES INC	15,700	$1.789M	0.0%	$120.55	+11.8%	COM	00846U101
TROW	PRICE T ROWE GROUP INC	28,100	$2.533M	0.0%	$106.60	-5.1%	COM	74144T108
SUN	SUNOCO LP/SUNOCO FIN CORP	27,200	$1.767M	0.0%	$58.06	—	COM UT REP LP	86765K109
GPC	GENUINE PARTS CO	19,788	$2.093M	0.0%	$92.46	+44.4%	COM	372460105
AM	ANTERO MIDSTREAM CORP	65,200	$1.487M	0.0%	$17.58	+8.5%	COM	03676B102
EWT	ISHARES INC	42,390	$3.006M	0.0%	$49.03	—	MSCI TAIWAN ETF	46434G772
GRMN	GARMIN LTD	10,400	$2.413M	0.0%	$216.69	-1.0%	SHS	H2906T109
ALLE	ALLEGION PLC	21,583	$3.136M	0.0%	$146.31	+13.7%	ORD SHS	G0176J109
PNR	PENTAIR PLC	17,400	$1.516M	0.0%	$74.38	+37.9%	SHS	G7S00T104
WMG	WARNER MUSIC GROUP CORP	55,700	$1.423M	0.0%	$31.57	-6.5%	COM CL A	934550203
NFG	NATIONAL FUEL GAS CO	20,500	$1.926M	0.0%	$71.92	+16.2%	COM	636180101
IGSB	ISHARES TR	894,272	$47M	0.4%	$54.02	—	ISHS 1-5YR INVS	464288646
DGX	QUEST DIAGNOSTICS INC	11,500	$2.254M	0.0%	$125.21	+52.2%	COM	74834L100
GIS	GENERAL MILLS INC	27,160	$1.011M	0.0%	$62.66	-27.4%	COM	370334104
DOV	DOVER CORP	18,728	$3.904M	0.0%	$185.95	+15.4%	COM	260003108
VCSH	VANGUARD SCOTTSDALE FDS	512,721	$40.64M	0.3%	$82.02	—	SHRT TRM CORP BD	92206C409
LDOS	LEIDOS HOLDINGS INC	9,400	$1.462M	0.0%	$173.36	+7.3%	COM	525327102
HPQ	HP INC	74,900	$1.439M	0.0%	$25.25	-21.7%	COM	40434L105
NXPI	NXP SEMICONDUCTORS N V	11,050	$2.175M	0.0%	$223.02	+5.1%	COM	N6596X109
OTIS	OTIS WORLDWIDE CORP	21,400	$1.65M	0.0%	$90.13	-0.7%	COM	68902V107
DG	DOLLAR GEN CORP	15,400	$1.828M	0.0%	$108.94	+35.6%	COM	256677105
HUBB	HUBBELL INC	4,300	$2.11M	0.0%	$382.61	+29.5%	COM	443510607
CMI	CUMMINS INC	6,859	$3.69M	0.0%	$189.30	+204.0%	COM	231021106
IEX	IDEX CORP	15,967	$3.027M	0.0%	$168.10	+18.4%	COM	45167R104
DTM	DT MIDSTREAM INC	12,300	$1.656M	0.0%	$103.16	+22.1%	COMMON STOCK	23345M107
MRSH	MARSH & MCLENNAN COS INC	14,200	$2.463M	0.0%	$186.43	-2.7%	COM	571748102
SNX	TD SYNNEX CORPORATION	9,100	$1.535M	0.0%	$146.47	+7.6%	COM	87162W100
NDSN	NORDSON CORP	6,500	$1.729M	0.0%	$219.03	+26.5%	COM	655663102
TSCO	TRACTOR SUPPLY CO	35,300	$1.599M	0.0%	$53.71	-1.8%	COM	892356106
SNA	SNAP ON INC	8,872	$3.222M	0.0%	$155.22	+139.2%	COM	833034101
DCI	DONALDSON INC	43,251	$3.671M	0.0%	$73.83	+38.1%	COM	257651109
DRI	DARDEN RESTAURANTS INC	13,160	$2.58M	0.0%	$124.29	+66.9%	COM	237194105
MPLX	MPLX LP	42,400	$2.42M	0.0%	$53.52	—	COM UNIT REP LTD	55336V100
OMC	OMNICOM GROUP INC	28,289	$2.13M	0.0%	$72.76	+5.2%	COM	681919106
HESM	HESS MIDSTREAM LP	33,900	$1.318M	0.0%	$32.37	+8.7%	CL A SHS	428103105
RMD	RESMED INC	9,000	$2.02M	0.0%	$156.40	+63.6%	COM	761152107
CI	THE CIGNA GROUP	16,700	$4.455M	0.0%	$285.59	-1.7%	COM	125523100
MDLZ	MONDELEZ INTL INC	35,832	$2.065M	0.0%	$60.64	-4.1%	CL A	609207105
RBA	RB GLOBAL INC	17,600	$1.682M	0.0%	$101.58	+8.3%	COM	74935Q107
ITW	ILLINOIS TOOL WKS INC	8,700	$2.265M	0.0%	$250.69	+9.0%	COM	452308109
IYH	ISHARES TR	29,630	$1.826M	0.0%	$60.91	—	US HLTHCARE ETF	464287762
CFR	CULLEN FROST BANKERS INC	10,800	$1.48M	0.0%	$130.63	+7.2%	COM	229899109
SYY	SYSCO CORP	45,600	$3.253M	0.0%	$75.59	+8.8%	COM	871829107
MAS	MASCO CORP	34,563	$2.087M	0.0%	$69.81	+1.1%	COM	574599106
MBB	ISHARES TR	338,060	$32.1M	0.3%	$107.88	—	MBS ETF	464288588
EWBC	EAST WEST BANCORP INC	17,300	$1.847M	0.0%	$69.37	+67.5%	COM	27579R104
TAP	MOLSON COORS BEVERAGE CO	25,300	$1.089M	0.0%	$48.53	+2.0%	CL B	60871R209
IDU	ISHARES TR	12,960	$1.505M	0.0%	$113.96	—	U.S. UTILITS ETF	464287697
CNI	CANADIAN NATL RY CO	22,400	$2.298M	0.0%	$96.01	+6.4%	COM	136375102
RS	RELIANCE INC	5,300	$1.611M	0.0%	$300.03	+8.9%	COM	759509102
WSM	WILLIAMS SONOMA INC	18,500	$3.373M	0.0%	$188.71	+10.1%	COM	969904101
NTAP	NETAPP INC	14,300	$1.464M	0.0%	$119.15	-14.5%	COM	64110D104
AVY	AVERY DENNISON CORP	7,200	$1.243M	0.0%	$200.09	-5.5%	COM	053611109
RPM	RPM INTL INC	13,900	$1.382M	0.0%	$97.49	+15.0%	COM	749685103
SPMB	SPDR SERIES TRUST	1,482,295	$33.16M	0.3%	$25.68	—	STATE STREET SPD	78464A383
VMBS	VANGUARD SCOTTSDALE FDS	467,648	$21.96M	0.2%	$53.17	—	MTG-BKD SECS ETF	92206C771
KOF	COCA-COLA FEMSA SAB DE CV	18,300	$1.785M	0.0%	$83.10	—	SPONS ADS REP	191241108
GD	GENERAL DYNAMICS CORP	7,200	$2.471M	0.0%	$313.76	+13.0%	COM	369550108
ACT	ENACT HLDGS INC	38,400	$1.567M	0.0%	$25.65	+59.0%	COM	29249E109
CCK	CROWN HLDGS INC	13,600	$1.363M	0.0%	$99.95	+8.1%	COM	228368106
RDY	DR REDDYS LABS LTD	191,397	$2.651M	0.0%	$14.86	—	ADR	256135203
IYJ	ISHARES TR	17,360	$2.561M	0.0%	$146.88	—	US INDUSTRIALS	464287754
YUMC	YUM CHINA HLDGS INC	33,400	$1.629M	0.0%	$45.46	+13.4%	COM	98850P109
EMR	EMERSON ELEC CO	18,700	$2.45M	0.0%	$132.37	+12.2%	COM	291011104
BBY	BEST BUY INC	10,300	$661K	0.0%	$94.95	-29.5%	COM	086516101
INGR	INGREDION INC	11,400	$1.284M	0.0%	$99.77	+16.5%	COM	457187102
SHW	SHERWIN WILLIAMS CO	7,300	$2.34M	0.0%	$334.11	+6.3%	COM	824348106
HPE	HEWLETT PACKARD ENTERPRISE C	95,000	$2.262M	0.0%	$15.42	+43.1%	COM	42824C109
SSB	SOUTHSTATE BK CORP	12,400	$1.147M	0.0%	$96.71	+4.3%	COM	84472E102
AOS	SMITH A O CORP	17,300	$1.141M	0.0%	$70.87	+4.5%	COM	831865209
ACI	ALBERTSONS COS INC	78,800	$1.343M	0.0%	$19.97	-13.0%	COMMON STOCK	013091103