Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HDB	HDFC BANK LTD	5,979,695 (+17.4%)	$149M (-20.0%)	5.3%	$45.11	—	SPONSORED ADS	40415F101
AON	AON PLC	660,724 (+1.5%)	$213M (-7.2%)	7.6%	$337.81	-0.5%	SHS CL A	G0403H108
WTW	WILLIS TOWERS WATSON PLC LTD	606,354 (+19.6%)	$176M (+5.8%)	6.3%	$242.65	+29.8%	SHS	G96629103
CHKP	CHECK POINT SOFTWARE TECH LT	1,387,202 (+24.5%)	$198M (-4.1%)	7.1%	$172.93	+2.0%	ORD	M22465104
CRM	SALESFORCE INC	55,679 (+105.0%)	$10.39M (+44.5%)	0.4%	$231.57	-6.8%	COM	79466L302
AXS	AXIS CAP HLDGS LTD	1,768,533 (+4.4%)	$179M (-1.2%)	6.4%	$69.80	+47.8%	SHS	G0692U109
TRMB	TRIMBLE INC	206,567 (+13.0%)	$13.47M (-5.9%)	0.5%	$58.86	+20.6%	COM	896239100
OKTA	OKTA INC	187,691 (+15.2%)	$14.77M (+4.9%)	0.5%	$85.72	+0.5%	CL A	679295105
BAH	BOOZ ALLEN HAMILTON HLDG COR	104,248 (+9.7%)	$8.134M (+1.5%)	0.3%	$106.09	-18.0%	CL A	099502106
ASH	ASHLAND INC	205,340 (+4.7%)	$11.42M (-0.7%)	0.4%	$65.58	-4.9%	COM	044186104

Exited Positions (2)

ICLR ICON PLC 3.3%

Value $92.54M Shares 507,824 Est. Cost $171.67 Unrealized -8.9%

INFY INFOSYS LTD 0.0%

Value $324K Shares 18,160 Est. Cost $15.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PLC	507,824	$92.54M	3.3%	$171.67	-8.9%	—	G4705A100
INFY	INFOSYS LTD	18,160	$324K	0.0%	$15.49	—	—	456788108

Decreased Positions (32)

MDT MEDTRONIC PLC 7.0%

Value $194M (-18.6%) Shares 2,242,374 (-9.7%) Est. Cost $83.00 Unrealized +19.9%

EG EVEREST GROUP LTD 9.1%

Value $254M (-13.4%) Shares 777,871 (-10.1%) Est. Cost $282.30 Unrealized +17.3%

BP BP PLC 6.3%

Value $175M (+22.6%) Shares 3,719,944 (-9.4%) Est. Cost $30.31 Unrealized —

CB CHUBB LTD SWITZ 13.8%

Value $386M (-5.8%) Shares 1,183,707 (-9.8%) Est. Cost $182.56 Unrealized +73.2%

CRH CRH PLC 2.6%

Value $72.55M (-24.6%) Shares 690,199 (-10.4%) Est. Cost $65.05 Unrealized +91.1%

AEM AGNICO EAGLE MINES LTD 3.4%

Value $93.96M (-12.9%) Shares 462,903 (-27.2%) Est. Cost $66.57 Unrealized +209.5%

CSCO CISCO SYS INC 0.7%

Value $20.75M (-22.7%) Shares 267,449 (-23.3%) Est. Cost $43.38 Unrealized +79.6%

AYI ACUITY INC 0.4%

Value $12.12M (-26.1%) Shares 43,261 (-5.1%) Est. Cost $213.30 Unrealized +50.8%

G GENPACT LIMITED 0.4%

Value $11.74M (-24.4%) Shares 315,162 (-5.1%) Est. Cost $31.96 Unrealized +33.3%

EOG EOG RES INC 0.4%

Value $11.31M (+30.7%) Shares 78,242 (-5.1%) Est. Cost $67.04 Unrealized +67.3%

OSK OSHKOSH CORP 0.3%

Value $7.934M (-24.3%) Shares 53,896 (-35.4%) Est. Cost $95.81 Unrealized +64.9%

THG HANOVER INS GROUP INC 0.8%

Value $22.57M (-10.0%) Shares 130,221 (-5.1%) Est. Cost $123.87 Unrealized +40.2%

BLD TOPBUILD COR 0.3%

Value $7.912M (-20.2%) Shares 22,523 (-5.2%) Est. Cost $399.15 Unrealized +23.2%

YUMC YUM CHINA HLDGS INC 1.2%

Value $34.47M (-4.1%) Shares 706,521 (-6.2%) Est. Cost $45.81 Unrealized +12.5%

CCK CROWN HLDGS INC 0.6%

Value $16.81M (-7.6%) Shares 167,671 (-5.1%) Est. Cost $82.70 Unrealized +30.7%

MAS MASCO CORP 0.4%

Value $10.71M (-9.8%) Shares 177,413 (-5.1%) Est. Cost $55.72 Unrealized +26.7%

ICE INTERCONTINENTAL EXCHANGE IN 0.4%

Value $12.29M (-7.8%) Shares 78,145 (-5.1%) Est. Cost $80.82 Unrealized +104.1%

WSC WILLSCOT HLDGS CORP 0.2%

Value $6.861M (-12.5%) Shares 395,247 (-5.1%) Est. Cost $30.86 Unrealized -30.6%

KR KROGER CO 0.4%

Value $10.61M (+9.9%) Shares 146,606 (-5.1%) Est. Cost $43.64 Unrealized +48.0%

TXT TEXTRON INC 0.4%

Value $10.63M (-4.6%) Shares 121,404 (-5.1%) Est. Cost $81.38 Unrealized +15.5%

ATMU ATMUS FILTRATION TECHNOLOGIE 0.5%

Value $13.33M (+3.8%) Shares 234,723 (-5.1%) Est. Cost $36.66 Unrealized +61.0%

STZ CONSTELLATION BRANDS INC 0.4%

Value $9.786M (+3.1%) Shares 65,243 (-5.2%) Est. Cost $194.45 Unrealized -19.8%

DOC HEALTHPEAK PROPERTIES INC 0.3%

Value $8.356M (-3.0%) Shares 508,577 (-5.1%) Est. Cost $15.82 Unrealized +2.4%

TS TENARIS S A 0.0%

Value $771K (+41.1%) Shares 13,253 (-6.7%) Est. Cost $27.47 Unrealized —

FMX FOMENTO ECONOMICO MEXICANO S 3.3%

Value $91.64M (-0.2%) Shares 825,168 (-9.2%) Est. Cost $84.48 Unrealized —

CHTR CHARTER COMMUNICATIONS INC 0.3%

Value $8.343M (-1.8%) Shares 38,648 (-5.1%) Est. Cost $394.26 Unrealized -45.8%

PPG PPG INDS INC 0.5%

Value $13.4M (-1.0%) Shares 125,377 (-5.1%) Est. Cost $120.37 Unrealized -2.9%

AU ANGLOGOLD ASHANTI PLC 0.0%

Value $603K (-16.1%) Shares 6,195 (-26.5%) Est. Cost $24.87 Unrealized +316.6%

BAP CREDICORP LTD 0.0%

Value $1.018M (-8.1%) Shares 3,000 (-22.2%) Est. Cost $164.61 Unrealized +104.7%

CAAP CORPORACION AMER ARPTS S A 0.0%

Value $832K (-9.3%) Shares 32,883 (-6.7%) Est. Cost $20.14 Unrealized +39.4%

TLK TELEKOMUNIKASI IND 0.0%

Value $199K (-17.2%) Shares 10,672 (-6.7%) Est. Cost $22.81 Unrealized —

RTX RTX CORPORATION 0.5%

Value $13.27M (-0.1%) Shares 68,818 (-5.1%) Est. Cost $60.76 Unrealized +223.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MDT	MEDTRONIC PLC	2,242,374 (-9.7%)	$194M (-18.6%)	7.0%	$83.00	+19.9%	SHS	G5960L103
EG	EVEREST GROUP LTD	777,871 (-10.1%)	$254M (-13.4%)	9.1%	$282.30	+17.3%	COM	G3223R108
BP	BP PLC	3,719,944 (-9.4%)	$175M (+22.6%)	6.3%	$30.31	—	SPONSORED ADR	055622104
CB	CHUBB LTD SWITZ	1,183,707 (-9.8%)	$386M (-5.8%)	13.8%	$182.56	+73.2%	COM	H1467J104
CRH	CRH PLC	690,199 (-10.4%)	$72.55M (-24.6%)	2.6%	$65.05	+91.1%	ORD	G25508105
AEM	AGNICO EAGLE MINES LTD	462,903 (-27.2%)	$93.96M (-12.9%)	3.4%	$66.57	+209.5%	COM	008474108
CSCO	CISCO SYS INC	267,449 (-23.3%)	$20.75M (-22.7%)	0.7%	$43.38	+79.6%	COM	17275R102
AYI	ACUITY INC	43,261 (-5.1%)	$12.12M (-26.1%)	0.4%	$213.30	+50.8%	COM	00508Y102
G	GENPACT LIMITED	315,162 (-5.1%)	$11.74M (-24.4%)	0.4%	$31.96	+33.3%	SHS	G3922B107
EOG	EOG RES INC	78,242 (-5.1%)	$11.31M (+30.7%)	0.4%	$67.04	+67.3%	COM	26875P101
OSK	OSHKOSH CORP	53,896 (-35.4%)	$7.934M (-24.3%)	0.3%	$95.81	+64.9%	COM	688239201
THG	HANOVER INS GROUP INC	130,221 (-5.1%)	$22.57M (-10.0%)	0.8%	$123.87	+40.2%	COM	410867105
BLD	TOPBUILD COR	22,523 (-5.2%)	$7.912M (-20.2%)	0.3%	$399.15	+23.2%	COM	89055F103
YUMC	YUM CHINA HLDGS INC	706,521 (-6.2%)	$34.47M (-4.1%)	1.2%	$45.81	+12.5%	COM	98850P109
CCK	CROWN HLDGS INC	167,671 (-5.1%)	$16.81M (-7.6%)	0.6%	$82.70	+30.7%	COM	228368106
MAS	MASCO CORP	177,413 (-5.1%)	$10.71M (-9.8%)	0.4%	$55.72	+26.7%	COM	574599106
ICE	INTERCONTINENTAL EXCHANGE IN	78,145 (-5.1%)	$12.29M (-7.8%)	0.4%	$80.82	+104.1%	COM	45866F104
WSC	WILLSCOT HLDGS CORP	395,247 (-5.1%)	$6.861M (-12.5%)	0.2%	$30.86	-30.6%	COM CL A	971378104
KR	KROGER CO	146,606 (-5.1%)	$10.61M (+9.9%)	0.4%	$43.64	+48.0%	COM	501044101
TXT	TEXTRON INC	121,404 (-5.1%)	$10.63M (-4.6%)	0.4%	$81.38	+15.5%	COM	883203101
ATMU	ATMUS FILTRATION TECHNOLOGIE	234,723 (-5.1%)	$13.33M (+3.8%)	0.5%	$36.66	+61.0%	COM	04956D107
STZ	CONSTELLATION BRANDS INC	65,243 (-5.2%)	$9.786M (+3.1%)	0.4%	$194.45	-19.8%	CL A	21036P108
DOC	HEALTHPEAK PROPERTIES INC	508,577 (-5.1%)	$8.356M (-3.0%)	0.3%	$15.82	+2.4%	COM	42250P103
TS	TENARIS S A	13,253 (-6.7%)	$771K (+41.1%)	0.0%	$27.47	—	SPONSORED ADS	88031M109
FMX	FOMENTO ECONOMICO MEXICANO S	825,168 (-9.2%)	$91.64M (-0.2%)	3.3%	$84.48	—	SPON ADR UNITS	344419106
CHTR	CHARTER COMMUNICATIONS INC	38,648 (-5.1%)	$8.343M (-1.8%)	0.3%	$394.26	-45.8%	CL A	16119P108
PPG	PPG INDS INC	125,377 (-5.1%)	$13.4M (-1.0%)	0.5%	$120.37	-2.9%	COM	693506107
AU	ANGLOGOLD ASHANTI PLC	6,195 (-26.5%)	$603K (-16.1%)	0.0%	$24.87	+316.6%	COM SHS	G0378L100
BAP	CREDICORP LTD	3,000 (-22.2%)	$1.018M (-8.1%)	0.0%	$164.61	+104.7%	COM	G2519Y108
CAAP	CORPORACION AMER ARPTS S A	32,883 (-6.7%)	$832K (-9.3%)	0.0%	$20.14	+39.4%	COM	L1995B107
TLK	TELEKOMUNIKASI IND	10,672 (-6.7%)	$199K (-17.2%)	0.0%	$22.81	—	SPONSORED ADR	715684106
RTX	RTX CORPORATION	68,818 (-5.1%)	$13.27M (-0.1%)	0.5%	$60.76	+223.6%	COM	75513E101