DoubleLine ETF Adviser LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	81,463	$18,803	5.6%	$228.79	0.0%	COM	023135106
TSLA	TESLA INC	38,999	$17,539	5.3%	$443.29	0.0%	COM	88160R101
HD	HOME DEPOT INC	13,921	$4,790	1.4%	$364.59	0.0%	COM	437076102
MCD	MCDONALDS CORP	12,099	$3,698	1.1%	$305.09	0.0%	COM	580135101
BKNG	BOOKING HOLDINGS INC	644	$3,449	1.0%	$5137.84	0.0%	COM	09857L108
TJX	TJX COS INC NEW	22,212	$3,412	1.0%	$147.70	0.0%	COM	872540109
LOW	LOWES COS INC	11,194	$2,700	0.8%	$239.83	0.0%	COM	548661107
SBUX	STARBUCKS CORP	22,804	$1,920	0.6%	$84.06	0.0%	COM	855244109
DASH	DOORDASH INC	7,480	$1,694	0.5%	$234.56	0.0%	CL A	25809K105
GM	GENERAL MTRS CO	19,414	$1,579	0.5%	$70.40	0.0%	COM	37045V100
ORLY	OREILLY AUTOMOTIVE INC	17,107	$1,560	0.5%	$97.70	0.0%	COM	67103H107
NKE	NIKE INC	24,097	$1,535	0.5%	$64.91	0.0%	CL B	654106103
MAR	MARRIOTT INTL INC NEW	4,571	$1,418	0.4%	$285.32	0.0%	CL A	571903202
RCL	ROYAL CARIBBEAN GROUP	4,962	$1,384	0.4%	$281.58	0.0%	COM	V7780T103
HLT	HILTON WORLDWIDE HLDGS INC	4,777	$1,372	0.4%	$272.20	0.0%	COM	43300A203
ROST	ROSS STORES INC	6,675	$1,202	0.4%	$166.60	0.0%	COM	778296103
ABNB	AIRBNB INC	8,817	$1,197	0.4%	$124.53	0.0%	COM CL A	009066101
AZO	AUTOZONE INC	339	$1,150	0.3%	$3777.86	0.0%	COM	053332102
F	FORD MTR CO	80,222	$1,053	0.3%	$12.83	0.0%	COM	345370860
CMG	CHIPOTLE MEXICAN GRILL INC	27,704	$1,025	0.3%	$36.17	0.0%	COM	169656105
YUM	YUM BRANDS INC	5,740	$868	0.3%	$147.67	0.0%	COM	988498101
EBAY	EBAY INC.	9,529	$830	0.2%	$86.37	0.0%	COM	278642103
DHI	D R HORTON INC	5,748	$828	0.2%	$152.01	0.0%	COM	23331A109
EXPE	EXPEDIA GROUP INC	2,504	$709	0.2%	$246.88	0.0%	COM NEW	30212P303
CCL	CARNIVAL CORP	21,344	$652	0.2%	$27.88	0.0%	UNIT 99/99/9999	143658300
GRMN	GARMIN LTD	3,209	$651	0.2%	$216.69	0.0%	SHS	H2906T109
ULTA	ULTA BEAUTY INC	972	$588	0.2%	$549.70	0.0%	COM	90384S303
TSCO	TRACTOR SUPPLY CO	11,260	$563	0.2%	$53.71	0.0%	COM	892356106
TPR	TAPESTRY INC	4,080	$521	0.2%	$114.03	0.0%	COM	876030107
LULU	LULULEMON ATHLETICA INC	2,407	$500	0.2%	$181.15	0.0%	COM	550021109
PHM	PULTE GROUP INC	4,248	$498	0.1%	$122.44	0.0%	COM	745867101
LEN	LENNAR CORP	4,690	$482	0.1%	$120.70	0.0%	CL A	526057104
WSM	WILLIAMS SONOMA INC	2,684	$479	0.1%	$187.24	0.0%	COM	969904101
DRI	DARDEN RESTAURANTS INC	2,561	$471	0.1%	$182.09	0.0%	COM	237194105
NVR	NVR INC	61	$445	0.1%	$7476.40	0.0%	COM	62944T105
LVS	LAS VEGAS SANDS CORP	6,752	$439	0.1%	$61.19	0.0%	COM	517834107
GPC	GENUINE PARTS CO	3,092	$380	0.1%	$128.69	0.0%	COM	372460105
APTV	APTIV PLC	4,271	$325	0.1%	$80.28	0.0%	COM SHS	G3265R107
DECK	DECKERS OUTDOOR CORP	2,904	$301	0.1%	$93.73	0.0%	COM	243537107
BBY	BEST BUY INC	4,465	$299	0.1%	$75.46	0.0%	COM	086516101
RL	RALPH LAUREN CORP	759	$268	0.1%	$340.01	0.0%	CL A	751212101
DPZ	DOMINOS PIZZA INC	612	$255	0.1%	$415.46	0.0%	COM	25754A201
HAS	HASBRO INC	2,625	$215	0.1%	$78.03	0.0%	COM	418056107
JBLU	JETBLUE AWYS CORP	10,859	$49	0.0%	$4.56	0.0%	COM	477143101
NWL	NEWELL BRANDS INC	13,213	$49	0.0%	$3.99	0.0%	COM	651229106
ACH	OWENS & MINOR INC NEW	16,789	$47	0.0%	$3.57	0.0%	COM	690732102

Increased Positions (108)

NFLX NETFLIX INC 1.2%

Value ($000) $3,872 (-38.1%) Shares 41,293 (+691.7%) Est. Cost $99.91 Unrealized +7.9%

TTD THE TRADE DESK INC 0.7%

Value ($000) $2,404 (+616.1%) Shares 63,336 (+824.6%) Est. Cost $46.39 Unrealized -4.5%

OMC OMNICOM GROUP INC 1.1%

Value ($000) $3,759 (+105.4%) Shares 46,545 (+107.4%) Est. Cost $77.95 Unrealized -2.8%

WMT WALMART INC 2.8%

Value ($000) $9,501 (+11.8%) Shares 85,284 (+3.4%) Est. Cost $99.50 Unrealized +7.7%

WELL WELLTOWER INC 2.3%

Value ($000) $7,690 (+13.8%) Shares 41,432 (+9.2%) Est. Cost $132.26 Unrealized +41.0%

PLD PROLOGIS INC. 2.2%

Value ($000) $7,363 (+13.7%) Shares 57,676 (+2.0%) Est. Cost $117.45 Unrealized +5.5%

FOXA FOX CORP 0.7%

Value ($000) $2,246 (+43.5%) Shares 30,744 (+23.8%) Est. Cost $37.95 Unrealized +72.2%

CMCSA COMCAST CORP NEW 1.1%

Value ($000) $3,698 (+20.0%) Shares 123,736 (+26.1%) Est. Cost $35.45 Unrealized -19.5%

MNST MONSTER BEVERAGE CORP NEW 0.9%

Value ($000) $3,070 (+21.7%) Shares 40,039 (+6.8%) Est. Cost $63.01 Unrealized +13.7%

DIS DISNEY WALT CO 1.2%

Value ($000) $3,851 (+16.2%) Shares 33,845 (+16.9%) Est. Cost $93.36 Unrealized +17.3%

FOX FOX CORP 0.4%

Value ($000) $1,380 (+61.5%) Shares 21,248 (+42.5%) Est. Cost $38.19 Unrealized +52.9%

TKO TKO GROUP HOLDINGS INC 0.6%

Value ($000) $2,046 (+33.5%) Shares 9,788 (+29.0%) Est. Cost $166.91 Unrealized +16.1%

CHTR CHARTER COMMUNICATIONS INC N 0.8%

Value ($000) $2,830 (+18.9%) Shares 13,557 (+56.7%) Est. Cost $316.89 Unrealized -29.0%

DG DOLLAR GEN CORP NEW 0.5%

Value ($000) $1,665 (+35.6%) Shares 12,539 (+5.6%) Est. Cost $109.08 Unrealized +2.2%

COST COSTCO WHSL CORP NEW 2.2%

Value ($000) $7,420 (-5.4%) Shares 8,604 (+1.5%) Est. Cost $955.93 Unrealized -5.3%

EQIX EQUINIX INC 1.1%

Value ($000) $3,655 (+12.4%) Shares 4,770 (+14.9%) Est. Cost $791.92 Unrealized -1.4%

CSGP COSTAR GROUP INC 0.6%

Value ($000) $1,847 (-17.0%) Shares 27,475 (+4.1%) Est. Cost $76.37 Unrealized -7.2%

DLTR DOLLAR TREE INC 0.4%

Value ($000) $1,380 (+36.7%) Shares 11,218 (+4.9%) Est. Cost $107.02 Unrealized +0.1%

EL LAUDER ESTEE COS INC 0.4%

Value ($000) $1,472 (+31.8%) Shares 14,055 (+10.9%) Est. Cost $89.31 Unrealized +8.4%

KO COCA COLA CO 1.6%

Value ($000) $5,275 (+7.0%) Shares 75,459 (+1.5%) Est. Cost $67.94 Unrealized +2.1%

TGT TARGET CORP 0.7%

Value ($000) $2,500 (+15.1%) Shares 25,577 (+5.6%) Est. Cost $96.46 Unrealized -5.0%

PG PROCTER AND GAMBLE CO 2.0%

Value ($000) $6,531 (-4.8%) Shares 45,571 (+2.1%) Est. Cost $154.74 Unrealized -4.9%

KVUE KENVUE INC 0.6%

Value ($000) $1,875 (+20.9%) Shares 108,691 (+13.8%) Est. Cost $19.60 Unrealized -17.1%

ARE ALEXANDRIA REAL ESTATE EQ IN 0.1%

Value ($000) $488 (-39.0%) Shares 9,972 (+3.8%) Est. Cost $105.37 Unrealized -44.9%

LYV LIVE NATION ENTERTAINMENT IN 1.0%

Value ($000) $3,267 (+10.5%) Shares 22,923 (+26.7%) Est. Cost $100.76 Unrealized +42.6%

VTR VENTAS INC 0.7%

Value ($000) $2,276 (+15.4%) Shares 29,416 (+4.4%) Est. Cost $57.90 Unrealized +29.5%

KDP KEURIG DR PEPPER INC 0.6%

Value ($000) $2,148 (+16.1%) Shares 76,682 (+5.7%) Est. Cost $30.62 Unrealized -11.1%

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $1,894 (-13.6%) Shares 18,774 (+6.5%) Est. Cost $125.67 Unrealized -13.7%

IRM IRON MTN INC DEL 0.5%

Value ($000) $1,582 (-15.6%) Shares 19,075 (+3.8%) Est. Cost $101.24 Unrealized -8.4%

CL COLGATE PALMOLIVE CO 1.1%

Value ($000) $3,577 (+8.6%) Shares 45,267 (+9.9%) Est. Cost $84.06 Unrealized -6.8%

TMUS T-MOBILE US INC 1.0%

Value ($000) $3,271 (-7.8%) Shares 16,111 (+8.7%) Est. Cost $147.18 Unrealized +43.6%

MDLZ MONDELEZ INTL INC 1.0%

Value ($000) $3,296 (-7.1%) Shares 61,229 (+7.8%) Est. Cost $62.95 Unrealized -9.4%

DLR DIGITAL RLTY TR INC 1.0%

Value ($000) $3,197 (-6.3%) Shares 20,666 (+4.7%) Est. Cost $148.99 Unrealized +9.5%

VICI VICI PPTYS INC 0.6%

Value ($000) $1,940 (-9.9%) Shares 69,006 (+4.5%) Est. Cost $29.34 Unrealized -0.1%

PSA PUBLIC STORAGE OPER CO 0.8%

Value ($000) $2,653 (-6.9%) Shares 10,225 (+3.6%) Est. Cost $303.99 Unrealized -8.8%

VZ VERIZON COMMUNICATIONS INC 1.1%

Value ($000) $3,659 (+5.3%) Shares 89,829 (+13.6%) Est. Cost $32.17 Unrealized +25.8%

CBRE CBRE GROUP INC 0.9%

Value ($000) $3,099 (+5.9%) Shares 19,275 (+3.8%) Est. Cost $113.24 Unrealized +38.8%

NLY ANNALY CAPITAL MANAGEMENT IN 0.3%

Value ($000) $931 (+22.4%) Shares 41,638 (+10.6%) Est. Cost $20.21 Unrealized —

JLL JONES LANG LASALLE INC 0.3%

Value ($000) $1,080 (+17.2%) Shares 3,210 (+3.9%) Est. Cost $246.41 Unrealized +27.2%

SPG SIMON PPTY GROUP INC NEW 1.1%

Value ($000) $3,750 (+4.3%) Shares 20,257 (+5.8%) Est. Cost $150.64 Unrealized +19.5%

MTCH MATCH GROUP INC NEW 0.3%

Value ($000) $1,111 (+14.4%) Shares 34,399 (+25.1%) Est. Cost $33.40 Unrealized -1.6%

SYY SYSCO CORP 0.6%

Value ($000) $1,995 (-6.4%) Shares 27,073 (+4.6%) Est. Cost $78.70 Unrealized -4.1%

CCI CROWN CASTLE INC 0.7%

Value ($000) $2,497 (-5.0%) Shares 28,096 (+3.2%) Est. Cost $101.43 Unrealized -10.2%

TSN TYSON FOODS INC 0.3%

Value ($000) $974 (+14.8%) Shares 16,613 (+6.3%) Est. Cost $54.42 Unrealized +0.4%

BG BUNGE GLOBAL SA 0.2%

Value ($000) $690 (+21.0%) Shares 7,743 (+10.4%) Est. Cost $80.40 Unrealized +14.3%

CLX CLOROX CO DEL 0.2%

Value ($000) $681 (-14.3%) Shares 6,749 (+4.8%) Est. Cost $121.60 Unrealized -11.0%

LW LAMB WESTON HLDGS INC 0.1%

Value ($000) $323 (-25.1%) Shares 7,704 (+3.9%) Est. Cost $54.38 Unrealized +8.0%

NWSA NEWS CORP NEW 0.4%

Value ($000) $1,453 (+7.9%) Shares 55,630 (+26.9%) Est. Cost $23.78 Unrealized +10.3%

DOC HEALTHPEAK PROPERTIES INC 0.2%

Value ($000) $722 (-12.8%) Shares 44,886 (+3.8%) Est. Cost $19.57 Unrealized -10.8%

AGNC AGNC INVT CORP 0.2%

Value ($000) $723 (+16.2%) Shares 67,432 (+6.1%) Est. Cost $10.28 Unrealized —

O REALTY INCOME CORP 1.0%

Value ($000) $3,326 (-2.8%) Shares 59,001 (+4.8%) Est. Cost $55.19 Unrealized +3.9%

NWS NEWS CORP NEW 0.2%

Value ($000) $527 (+21.2%) Shares 17,792 (+41.3%) Est. Cost $25.67 Unrealized +16.1%

OHI OMEGA HEALTHCARE INVS INC 0.3%

Value ($000) $845 (+10.9%) Shares 19,050 (+5.6%) Est. Cost $40.67 Unrealized —

PSKY PARAMOUNT SKYDANCE CORP 0.2%

Value ($000) $627 (-11.4%) Shares 46,823 (+25.1%) Est. Cost $14.72 Unrealized +5.7%

EXR EXTRA SPACE STORAGE INC 0.5%

Value ($000) $1,792 (-3.9%) Shares 13,759 (+4.0%) Est. Cost $156.35 Unrealized -13.7%

FR FIRST INDL RLTY TR INC 0.1%

Value ($000) $491 (+15.5%) Shares 8,565 (+3.8%) Est. Cost $55.68 Unrealized —

GIS GENERAL MLS INC 0.4%

Value ($000) $1,419 (-4.3%) Shares 30,516 (+3.8%) Est. Cost $49.39 Unrealized -3.9%

MKC MCCORMICK & CO INC 0.3%

Value ($000) $950 (+7.0%) Shares 13,954 (+5.1%) Est. Cost $68.90 Unrealized -4.3%

EGP EASTGROUP PPTYS INC 0.2%

Value ($000) $613 (+11.0%) Shares 3,441 (+5.5%) Est. Cost $184.24 Unrealized —

CPT CAMDEN PPTY TR 0.2%

Value ($000) $761 (+7.0%) Shares 6,916 (+3.8%) Est. Cost $111.41 Unrealized -7.4%

PM PHILIP MORRIS INTL INC 1.5%

Value ($000) $4,878 (+1.0%) Shares 30,412 (+2.1%) Est. Cost $164.94 Unrealized -6.9%

AVB AVALONBAY CMNTYS INC 0.5%

Value ($000) $1,668 (-2.7%) Shares 9,201 (+3.6%) Est. Cost $203.58 Unrealized -11.7%

KR KROGER CO 0.6%

Value ($000) $2,151 (-2.1%) Shares 34,423 (+5.6%) Est. Cost $68.87 Unrealized -5.3%

CUBE CUBESMART 0.2%

Value ($000) $533 (-7.9%) Shares 14,776 (+3.9%) Est. Cost $52.21 Unrealized —

MRP MILLROSE PPTYS INC 0.1%

Value ($000) $298 (+17.7%) Shares 9,963 (+32.5%) Est. Cost $29.07 Unrealized —

TAP MOLSON COORS BEVERAGE CO 0.1%

Value ($000) $483 (+10.2%) Shares 10,357 (+6.8%) Est. Cost $48.35 Unrealized -5.3%

SBAC SBA COMMUNICATIONS CORP NEW 0.4%

Value ($000) $1,343 (+3.2%) Shares 6,943 (+3.2%) Est. Cost $215.04 Unrealized -10.4%

LAMR LAMAR ADVERTISING CO NEW 0.2%

Value ($000) $711 (+5.7%) Shares 5,615 (+2.2%) Est. Cost $132.63 Unrealized —

EQR EQUITY RESIDENTIAL 0.4%

Value ($000) $1,418 (+2.6%) Shares 22,496 (+5.4%) Est. Cost $67.46 Unrealized -10.1%

STAG STAG INDL INC 0.1%

Value ($000) $446 (+8.8%) Shares 12,126 (+4.5%) Est. Cost $38.69 Unrealized —

ADM ARCHER DANIELS MIDLAND CO 0.5%

Value ($000) $1,572 (+2.3%) Shares 27,336 (+6.3%) Est. Cost $57.87 Unrealized +2.8%

COLD AMERICOLD REALTY TRUST INC 0.1%

Value ($000) $236 (+17.7%) Shares 18,322 (+12.0%) Est. Cost $25.66 Unrealized —

HSY HERSHEY CO 0.5%

Value ($000) $1,532 (+2.3%) Shares 8,416 (+5.2%) Est. Cost $179.77 Unrealized +1.3%

ELS EQUITY LIFESTYLE PPTYS INC 0.2%

Value ($000) $759 (+4.8%) Shares 12,521 (+5.0%) Est. Cost $70.07 Unrealized —

MAA MID-AMER APT CMNTYS INC 0.3%

Value ($000) $1,053 (+3.1%) Shares 7,581 (+3.7%) Est. Cost $144.25 Unrealized -7.8%

KIM KIMCO RLTY CORP 0.3%

Value ($000) $889 (-3.4%) Shares 43,850 (+4.1%) Est. Cost $20.71 Unrealized -0.7%

INVH INVITATION HOMES INC 0.3%

Value ($000) $1,015 (-2.9%) Shares 36,523 (+2.4%) Est. Cost $33.47 Unrealized -17.4%

BXP BXP INC 0.2%

Value ($000) $643 (-4.5%) Shares 9,531 (+5.2%) Est. Cost $66.81 Unrealized +5.4%

ADC AGREE RLTY CORP 0.2%

Value ($000) $514 (+5.7%) Shares 7,138 (+4.3%) Est. Cost $74.81 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $1,103 (-2.1%) Shares 46,539 (+2.4%) Est. Cost $29.03 Unrealized -20.8%

KHC KRAFT HEINZ CO 0.4%

Value ($000) $1,186 (-1.9%) Shares 48,915 (+5.4%) Est. Cost $26.39 Unrealized -6.7%

CUZ COUSINS PPTYS INC 0.1%

Value ($000) $280 (-7.5%) Shares 10,866 (+3.9%) Est. Cost $29.33 Unrealized —

SUI SUN CMNTYS INC 0.3%

Value ($000) $943 (-2.3%) Shares 7,608 (+1.7%) Est. Cost $134.52 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 0.2%

Value ($000) $512 (+4.4%) Shares 5,077 (+4.9%) Est. Cost $103.42 Unrealized -5.9%

SJM SMUCKER J M CO 0.2%

Value ($000) $621 (-3.1%) Shares 6,349 (+7.6%) Est. Cost $106.70 Unrealized -3.6%

HRL HORMEL FOODS CORP 0.1%

Value ($000) $429 (+4.7%) Shares 18,117 (+9.3%) Est. Cost $26.98 Unrealized -13.6%

GLPI GAMING & LEISURE PPTYS INC 0.2%

Value ($000) $820 (+2.4%) Shares 18,339 (+6.8%) Est. Cost $50.69 Unrealized —

SBRA SABRA HEALTH CARE REIT INC 0.1%

Value ($000) $294 (+6.4%) Shares 15,524 (+4.7%) Est. Cost $18.62 Unrealized —

STWD STARWOOD PPTY TR INC 0.1%

Value ($000) $402 (-3.9%) Shares 22,346 (+3.3%) Est. Cost $20.18 Unrealized —

KRC KILROY RLTY CORP 0.1%

Value ($000) $263 (-5.9%) Shares 7,045 (+6.4%) Est. Cost $38.81 Unrealized —

CPB THE CAMPBELLS COMPANY 0.1%

Value ($000) $344 (-4.5%) Shares 12,341 (+8.2%) Est. Cost $31.77 Unrealized -5.4%

AMH AMERICAN HOMES 4 RENT 0.2%

Value ($000) $676 (+2.5%) Shares 21,059 (+6.1%) Est. Cost $37.71 Unrealized —

ESS ESSEX PPTY TR INC 0.3%

Value ($000) $1,092 (+1.5%) Shares 4,174 (+3.8%) Est. Cost $273.60 Unrealized -6.3%

UDR UDR INC 0.2%

Value ($000) $717 (+2.2%) Shares 19,539 (+3.8%) Est. Cost $40.29 Unrealized -11.8%

NNN NNN REIT INC 0.1%

Value ($000) $483 (-3.1%) Shares 12,200 (+4.1%) Est. Cost $47.73 Unrealized —

REG REGENCY CTRS CORP 0.2%

Value ($000) $730 (-1.7%) Shares 10,570 (+3.8%) Est. Cost $65.83 Unrealized +5.5%

WPC WP CAREY INC 0.3%

Value ($000) $911 (-1.3%) Shares 14,154 (+3.6%) Est. Cost $62.67 Unrealized —

CAG CONAGRA BRANDS INC 0.2%

Value ($000) $504 (+2.3%) Shares 29,115 (+8.2%) Est. Cost $18.60 Unrealized -5.2%

HR HEALTHCARE RLTY TR 0.1%

Value ($000) $385 (-2.5%) Shares 22,741 (+3.7%) Est. Cost $18.10 Unrealized —

REXR REXFORD INDL RLTY INC 0.2%

Value ($000) $593 (-1.5%) Shares 15,323 (+4.6%) Est. Cost $48.39 Unrealized —

BRX BRIXMOR PPTY GROUP INC 0.2%

Value ($000) $520 (-1.6%) Shares 19,819 (+3.9%) Est. Cost $27.75 Unrealized —

T AT&T INC 1.0%

Value ($000) $3,438 (-0.2%) Shares 138,405 (+13.5%) Est. Cost $15.93 Unrealized +58.7%

TTWO TAKE-TWO INTERACTIVE SOFTWAR 1.1%

Value ($000) $3,774 (+0.2%) Shares 14,741 (+1.1%) Est. Cost $148.82 Unrealized +67.5%

OPTU OPTIMUM COMMUNICATIONS INC 0.0%

Value ($000) $43 (+14.0%) Shares 26,002 (+66.4%) Est. Cost $2.37 Unrealized -14.3%

BF/B BROWN FORMAN CORP 0.1%

Value ($000) $253 (-1.8%) Shares 9,726 (+2.1%) Est. Cost $28.59 Unrealized -2.1%

Z ZILLOW GROUP INC 0.2%

Value ($000) $773 (+0.4%) Shares 11,332 (+13.4%) Est. Cost $58.13 Unrealized +24.6%

RITM RITHM CAPITAL CORP 0.1%

Value ($000) $375 (-0.4%) Shares 34,383 (+4.1%) Est. Cost $11.30 Unrealized —

CHD CHURCH & DWIGHT CO INC 0.3%

Value ($000) $1,129 (+0.1%) Shares 13,463 (+4.6%) Est. Cost $92.91 Unrealized -8.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	41,293 (+691.7%)	$3,872 (-38.1%)	1.2%	$99.91	+7.9%	COM	64110L106
TTD	THE TRADE DESK INC	63,336 (+824.6%)	$2,404 (+616.1%)	0.7%	$46.39	-4.5%	COM CL A	88339J105
OMC	OMNICOM GROUP INC	46,545 (+107.4%)	$3,759 (+105.4%)	1.1%	$77.95	-2.8%	COM	681919106
WMT	WALMART INC	85,284 (+3.4%)	$9,501 (+11.8%)	2.8%	$99.50	+7.7%	COM	931142103
WELL	WELLTOWER INC	41,432 (+9.2%)	$7,690 (+13.8%)	2.3%	$132.26	+41.0%	COM	95040Q104
PLD	PROLOGIS INC.	57,676 (+2.0%)	$7,363 (+13.7%)	2.2%	$117.45	+5.5%	COM	74340W103
FOXA	FOX CORP	30,744 (+23.8%)	$2,246 (+43.5%)	0.7%	$37.95	+72.2%	CL A COM	35137L105
CMCSA	COMCAST CORP NEW	123,736 (+26.1%)	$3,698 (+20.0%)	1.1%	$35.45	-19.5%	CL A	20030N101
MNST	MONSTER BEVERAGE CORP NEW	40,039 (+6.8%)	$3,070 (+21.7%)	0.9%	$63.01	+13.7%	COM	61174X109
DIS	DISNEY WALT CO	33,845 (+16.9%)	$3,851 (+16.2%)	1.2%	$93.36	+17.3%	COM	254687106
FOX	FOX CORP	21,248 (+42.5%)	$1,380 (+61.5%)	0.4%	$38.19	+52.9%	CL B COM	35137L204
TKO	TKO GROUP HOLDINGS INC	9,788 (+29.0%)	$2,046 (+33.5%)	0.6%	$166.91	+16.1%	CL A	87256C101
CHTR	CHARTER COMMUNICATIONS INC N	13,557 (+56.7%)	$2,830 (+18.9%)	0.8%	$316.89	-29.0%	CL A	16119P108
DG	DOLLAR GEN CORP NEW	12,539 (+5.6%)	$1,665 (+35.6%)	0.5%	$109.08	+2.2%	COM	256677105
COST	COSTCO WHSL CORP NEW	8,604 (+1.5%)	$7,420 (-5.4%)	2.2%	$955.93	-5.3%	COM	22160K105
EQIX	EQUINIX INC	4,770 (+14.9%)	$3,655 (+12.4%)	1.1%	$791.92	-1.4%	COM	29444U700
CSGP	COSTAR GROUP INC	27,475 (+4.1%)	$1,847 (-17.0%)	0.6%	$76.37	-7.2%	COM	22160N109
DLTR	DOLLAR TREE INC	11,218 (+4.9%)	$1,380 (+36.7%)	0.4%	$107.02	+0.1%	COM	256746108
EL	LAUDER ESTEE COS INC	14,055 (+10.9%)	$1,472 (+31.8%)	0.4%	$89.31	+8.4%	CL A	518439104
KO	COCA COLA CO	75,459 (+1.5%)	$5,275 (+7.0%)	1.6%	$67.94	+2.1%	COM	191216100
TGT	TARGET CORP	25,577 (+5.6%)	$2,500 (+15.1%)	0.7%	$96.46	-5.0%	COM	87612E106
PG	PROCTER AND GAMBLE CO	45,571 (+2.1%)	$6,531 (-4.8%)	2.0%	$154.74	-4.9%	COM	742718109
KVUE	KENVUE INC	108,691 (+13.8%)	$1,875 (+20.9%)	0.6%	$19.60	-17.1%	COM	49177J102
ARE	ALEXANDRIA REAL ESTATE EQ IN	9,972 (+3.8%)	$488 (-39.0%)	0.1%	$105.37	-44.9%	COM	015271109
LYV	LIVE NATION ENTERTAINMENT IN	22,923 (+26.7%)	$3,267 (+10.5%)	1.0%	$100.76	+42.6%	COM	538034109
VTR	VENTAS INC	29,416 (+4.4%)	$2,276 (+15.4%)	0.7%	$57.90	+29.5%	COM	92276F100
KDP	KEURIG DR PEPPER INC	76,682 (+5.7%)	$2,148 (+16.1%)	0.6%	$30.62	-11.1%	COM	49271V100
KMB	KIMBERLY-CLARK CORP	18,774 (+6.5%)	$1,894 (-13.6%)	0.6%	$125.67	-13.7%	COM	494368103
IRM	IRON MTN INC DEL	19,075 (+3.8%)	$1,582 (-15.6%)	0.5%	$101.24	-8.4%	COM	46284V101
CL	COLGATE PALMOLIVE CO	45,267 (+9.9%)	$3,577 (+8.6%)	1.1%	$84.06	-6.8%	COM	194162103
TMUS	T-MOBILE US INC	16,111 (+8.7%)	$3,271 (-7.8%)	1.0%	$147.18	+43.6%	COM	872590104
MDLZ	MONDELEZ INTL INC	61,229 (+7.8%)	$3,296 (-7.1%)	1.0%	$62.95	-9.4%	CL A	609207105
DLR	DIGITAL RLTY TR INC	20,666 (+4.7%)	$3,197 (-6.3%)	1.0%	$148.99	+9.5%	COM	253868103
VICI	VICI PPTYS INC	69,006 (+4.5%)	$1,940 (-9.9%)	0.6%	$29.34	-0.1%	COM	925652109
PSA	PUBLIC STORAGE OPER CO	10,225 (+3.6%)	$2,653 (-6.9%)	0.8%	$303.99	-8.8%	COM	74460D109
VZ	VERIZON COMMUNICATIONS INC	89,829 (+13.6%)	$3,659 (+5.3%)	1.1%	$32.17	+25.8%	COM	92343V104
CBRE	CBRE GROUP INC	19,275 (+3.8%)	$3,099 (+5.9%)	0.9%	$113.24	+38.8%	CL A	12504L109
NLY	ANNALY CAPITAL MANAGEMENT IN	41,638 (+10.6%)	$931 (+22.4%)	0.3%	$20.21	—	COM NEW	035710839
JLL	JONES LANG LASALLE INC	3,210 (+3.9%)	$1,080 (+17.2%)	0.3%	$246.41	+27.2%	COM	48020Q107
SPG	SIMON PPTY GROUP INC NEW	20,257 (+5.8%)	$3,750 (+4.3%)	1.1%	$150.64	+19.5%	COM	828806109
MTCH	MATCH GROUP INC NEW	34,399 (+25.1%)	$1,111 (+14.4%)	0.3%	$33.40	-1.6%	COM	57667L107
SYY	SYSCO CORP	27,073 (+4.6%)	$1,995 (-6.4%)	0.6%	$78.70	-4.1%	COM	871829107
CCI	CROWN CASTLE INC	28,096 (+3.2%)	$2,497 (-5.0%)	0.7%	$101.43	-10.2%	COM	22822V101
TSN	TYSON FOODS INC	16,613 (+6.3%)	$974 (+14.8%)	0.3%	$54.42	+0.4%	CL A	902494103
BG	BUNGE GLOBAL SA	7,743 (+10.4%)	$690 (+21.0%)	0.2%	$80.40	+14.3%	COM SHS	H11356104
CLX	CLOROX CO DEL	6,749 (+4.8%)	$681 (-14.3%)	0.2%	$121.60	-11.0%	COM	189054109
LW	LAMB WESTON HLDGS INC	7,704 (+3.9%)	$323 (-25.1%)	0.1%	$54.38	+8.0%	COM	513272104
NWSA	NEWS CORP NEW	55,630 (+26.9%)	$1,453 (+7.9%)	0.4%	$23.78	+10.3%	CL A	65249B109
DOC	HEALTHPEAK PROPERTIES INC	44,886 (+3.8%)	$722 (-12.8%)	0.2%	$19.57	-10.8%	COM	42250P103
AGNC	AGNC INVT CORP	67,432 (+6.1%)	$723 (+16.2%)	0.2%	$10.28	—	COM	00123Q104
O	REALTY INCOME CORP	59,001 (+4.8%)	$3,326 (-2.8%)	1.0%	$55.19	+3.9%	COM	756109104
NWS	NEWS CORP NEW	17,792 (+41.3%)	$527 (+21.2%)	0.2%	$25.67	+16.1%	CL B	65249B208
OHI	OMEGA HEALTHCARE INVS INC	19,050 (+5.6%)	$845 (+10.9%)	0.3%	$40.67	—	COM	681936100
PSKY	PARAMOUNT SKYDANCE CORP	46,823 (+25.1%)	$627 (-11.4%)	0.2%	$14.72	+5.7%	COM CL B	69932A204
EXR	EXTRA SPACE STORAGE INC	13,759 (+4.0%)	$1,792 (-3.9%)	0.5%	$156.35	-13.7%	COM	30225T102
FR	FIRST INDL RLTY TR INC	8,565 (+3.8%)	$491 (+15.5%)	0.1%	$55.68	—	COM	32054K103
GIS	GENERAL MLS INC	30,516 (+3.8%)	$1,419 (-4.3%)	0.4%	$49.39	-3.9%	COM	370334104
MKC	MCCORMICK & CO INC	13,954 (+5.1%)	$950 (+7.0%)	0.3%	$68.90	-4.3%	COM NON VTG	579780206
EGP	EASTGROUP PPTYS INC	3,441 (+5.5%)	$613 (+11.0%)	0.2%	$184.24	—	COM	277276101
CPT	CAMDEN PPTY TR	6,916 (+3.8%)	$761 (+7.0%)	0.2%	$111.41	-7.4%	SH BEN INT	133131102
PM	PHILIP MORRIS INTL INC	30,412 (+2.1%)	$4,878 (+1.0%)	1.5%	$164.94	-6.9%	COM	718172109
AVB	AVALONBAY CMNTYS INC	9,201 (+3.6%)	$1,668 (-2.7%)	0.5%	$203.58	-11.7%	COM	053484101
KR	KROGER CO	34,423 (+5.6%)	$2,151 (-2.1%)	0.6%	$68.87	-5.3%	COM	501044101
CUBE	CUBESMART	14,776 (+3.9%)	$533 (-7.9%)	0.2%	$52.21	—	COM	229663109
MRP	MILLROSE PPTYS INC	9,963 (+32.5%)	$298 (+17.7%)	0.1%	$29.07	—	COM CL A	601137102
TAP	MOLSON COORS BEVERAGE CO	10,357 (+6.8%)	$483 (+10.2%)	0.1%	$48.35	-5.3%	CL B	60871R209
SBAC	SBA COMMUNICATIONS CORP NEW	6,943 (+3.2%)	$1,343 (+3.2%)	0.4%	$215.04	-10.4%	CL A	78410G104
LAMR	LAMAR ADVERTISING CO NEW	5,615 (+2.2%)	$711 (+5.7%)	0.2%	$132.63	—	CL A	512816109
EQR	EQUITY RESIDENTIAL	22,496 (+5.4%)	$1,418 (+2.6%)	0.4%	$67.46	-10.1%	SH BEN INT	29476L107
STAG	STAG INDL INC	12,126 (+4.5%)	$446 (+8.8%)	0.1%	$38.69	—	COM	85254J102
ADM	ARCHER DANIELS MIDLAND CO	27,336 (+6.3%)	$1,572 (+2.3%)	0.5%	$57.87	+2.8%	COM	039483102
COLD	AMERICOLD REALTY TRUST INC	18,322 (+12.0%)	$236 (+17.7%)	0.1%	$25.66	—	COM	03064D108
HSY	HERSHEY CO	8,416 (+5.2%)	$1,532 (+2.3%)	0.5%	$179.77	+1.3%	COM	427866108
ELS	EQUITY LIFESTYLE PPTYS INC	12,521 (+5.0%)	$759 (+4.8%)	0.2%	$70.07	—	COM	29472R108
MAA	MID-AMER APT CMNTYS INC	7,581 (+3.7%)	$1,053 (+3.1%)	0.3%	$144.25	-7.8%	COM	59522J103
KIM	KIMCO RLTY CORP	43,850 (+4.1%)	$889 (-3.4%)	0.3%	$20.71	-0.7%	COM	49446R109
INVH	INVITATION HOMES INC	36,523 (+2.4%)	$1,015 (-2.9%)	0.3%	$33.47	-17.4%	COM	46187W107
BXP	BXP INC	9,531 (+5.2%)	$643 (-4.5%)	0.2%	$66.81	+5.4%	COM	101121101
ADC	AGREE RLTY CORP	7,138 (+4.3%)	$514 (+5.7%)	0.2%	$74.81	—	COM	008492100
WY	WEYERHAEUSER CO MTN BE	46,539 (+2.4%)	$1,103 (-2.1%)	0.3%	$29.03	-20.8%	COM NEW	962166104
KHC	KRAFT HEINZ CO	48,915 (+5.4%)	$1,186 (-1.9%)	0.4%	$26.39	-6.7%	COM	500754106
CUZ	COUSINS PPTYS INC	10,866 (+3.9%)	$280 (-7.5%)	0.1%	$29.33	—	COM NEW	222795502
SUI	SUN CMNTYS INC	7,608 (+1.7%)	$943 (-2.3%)	0.3%	$134.52	—	COM	866674104
FRT	FEDERAL RLTY INVT TR NEW	5,077 (+4.9%)	$512 (+4.4%)	0.2%	$103.42	-5.9%	SH BEN INT NEW	313745101
SJM	SMUCKER J M CO	6,349 (+7.6%)	$621 (-3.1%)	0.2%	$106.70	-3.6%	COM NEW	832696405
HRL	HORMEL FOODS CORP	18,117 (+9.3%)	$429 (+4.7%)	0.1%	$26.98	-13.6%	COM	440452100
GLPI	GAMING & LEISURE PPTYS INC	18,339 (+6.8%)	$820 (+2.4%)	0.2%	$50.69	—	COM	36467J108
SBRA	SABRA HEALTH CARE REIT INC	15,524 (+4.7%)	$294 (+6.4%)	0.1%	$18.62	—	COM	78573L106
STWD	STARWOOD PPTY TR INC	22,346 (+3.3%)	$402 (-3.9%)	0.1%	$20.18	—	COM	85571B105
KRC	KILROY RLTY CORP	7,045 (+6.4%)	$263 (-5.9%)	0.1%	$38.81	—	COM	49427F108
CPB	THE CAMPBELLS COMPANY	12,341 (+8.2%)	$344 (-4.5%)	0.1%	$31.77	-5.4%	COM	134429109
AMH	AMERICAN HOMES 4 RENT	21,059 (+6.1%)	$676 (+2.5%)	0.2%	$37.71	—	CL A	02665T306
ESS	ESSEX PPTY TR INC	4,174 (+3.8%)	$1,092 (+1.5%)	0.3%	$273.60	-6.3%	COM	297178105
UDR	UDR INC	19,539 (+3.8%)	$717 (+2.2%)	0.2%	$40.29	-11.8%	COM	902653104
NNN	NNN REIT INC	12,200 (+4.1%)	$483 (-3.1%)	0.1%	$47.73	—	COM	637417106
REG	REGENCY CTRS CORP	10,570 (+3.8%)	$730 (-1.7%)	0.2%	$65.83	+5.5%	COM	758849103
WPC	WP CAREY INC	14,154 (+3.6%)	$911 (-1.3%)	0.3%	$62.67	—	COM	92936U109
CAG	CONAGRA BRANDS INC	29,115 (+8.2%)	$504 (+2.3%)	0.2%	$18.60	-5.2%	COM	205887102
HR	HEALTHCARE RLTY TR	22,741 (+3.7%)	$385 (-2.5%)	0.1%	$18.10	—	CL A COM	42226K105
REXR	REXFORD INDL RLTY INC	15,323 (+4.6%)	$593 (-1.5%)	0.2%	$48.39	—	COM	76169C100
BRX	BRIXMOR PPTY GROUP INC	19,819 (+3.9%)	$520 (-1.6%)	0.2%	$27.75	—	COM	11120U105
T	AT&T INC	138,405 (+13.5%)	$3,438 (-0.2%)	1.0%	$15.93	+58.7%	COM	00206R102
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	14,741 (+1.1%)	$3,774 (+0.2%)	1.1%	$148.82	+67.5%	COM	874054109
OPTU	OPTIMUM COMMUNICATIONS INC	26,002 (+66.4%)	$43 (+14.0%)	0.0%	$2.37	-14.3%	CL A	02156K103
BF/B	BROWN FORMAN CORP	9,726 (+2.1%)	$253 (-1.8%)	0.1%	$28.59	-2.1%	CL B	115637209
Z	ZILLOW GROUP INC	11,332 (+13.4%)	$773 (+0.4%)	0.2%	$58.13	+24.6%	CL C CAP STK	98954M200
RITM	RITHM CAPITAL CORP	34,383 (+4.1%)	$375 (-0.4%)	0.1%	$11.30	—	COM NEW	64828T201
CHD	CHURCH & DWIGHT CO INC	13,463 (+4.6%)	$1,129 (+0.1%)	0.3%	$92.91	-8.2%	COM	171340102

Exited Positions (29)

LIN LINDE PLC 4.0%

Value ($000) $13,254 Shares 27,904 Est. Cost $452.99 Unrealized -5.7%

NEM NEWMONT CORP 1.7%

Value ($000) $5,687 Shares 67,454 Est. Cost $53.44 Unrealized +68.8%

SHW SHERWIN WILLIAMS CO 1.4%

Value ($000) $4,789 Shares 13,830 Est. Cost $344.80 Unrealized -3.1%

VMC VULCAN MATLS CO 1.3%

Value ($000) $4,223 Shares 13,729 Est. Cost $257.00 Unrealized +14.1%

ECL ECOLAB INC 1.2%

Value ($000) $4,137 Shares 15,105 Est. Cost $253.02 Unrealized +5.0%

MLM MARTIN MARIETTA MATLS INC 1.2%

Value ($000) $4,104 Shares 6,512 Est. Cost $529.19 Unrealized +17.4%

DD DUPONT DE NEMOURS INC 1.1%

Value ($000) $3,741 Shares 48,019 Est. Cost $27.46 Unrealized +36.2%

APD AIR PRODS & CHEMS INC 1.1%

Value ($000) $3,628 Shares 13,304 Est. Cost $268.76 Unrealized -6.4%

NUE NUCOR CORP 1.1%

Value ($000) $3,578 Shares 26,423 Est. Cost $116.41 Unrealized +28.7%

FCX FREEPORT-MCMORAN INC 1.0%

Value ($000) $3,437 Shares 87,638 Est. Cost $37.90 Unrealized +14.3%

CTVA CORTEVA INC 1.0%

Value ($000) $3,367 Shares 49,785 Est. Cost $66.37 Unrealized -2.7%

IP INTERNATIONAL PAPER CO 0.8%

Value ($000) $2,813 Shares 60,624 Est. Cost $46.06 Unrealized -11.3%

PPG PPG INDS INC 0.8%

Value ($000) $2,743 Shares 26,096 Est. Cost $106.49 Unrealized -6.0%

SW SMURFIT WESTROCK PLC 0.7%

Value ($000) $2,392 Shares 56,191 Est. Cost $42.26 Unrealized -9.8%

PKG PACKAGING CORP AMER 0.7%

Value ($000) $2,246 Shares 10,304 Est. Cost $186.42 Unrealized +8.5%

STLD STEEL DYNAMICS INC 0.7%

Value ($000) $2,220 Shares 15,921 Est. Cost $126.51 Unrealized +25.2%

— AMCOR PLC 0.6%

Value ($000) $2,130 Shares 260,357 Est. Cost $9.14 Unrealized -9.8%

DOW DOW INC 0.6%

Value ($000) $1,875 Shares 81,777 Est. Cost $27.64 Unrealized -17.6%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.5%

Value ($000) $1,818 Shares 29,547 Est. Cost $73.96 Unrealized -12.9%

CF CF INDS HLDGS INC 0.5%

Value ($000) $1,648 Shares 18,376 Est. Cost $84.10 Unrealized -2.6%

BALL BALL CORP 0.5%

Value ($000) $1,624 Shares 32,214 Est. Cost $51.78 Unrealized -5.2%

AVY AVERY DENNISON CORP 0.4%

Value ($000) $1,472 Shares 9,076 Est. Cost $172.63 Unrealized -0.2%

LYB LYONDELLBASELL INDUSTRIES N 0.4%

Value ($000) $1,427 Shares 29,106 Est. Cost $54.41 Unrealized -18.3%

MOS MOSAIC CO NEW 0.4%

Value ($000) $1,284 Shares 37,019 Est. Cost $31.49 Unrealized -15.0%

— INTERPUBLIC GROUP COS INC 0.4%

Value ($000) $1,201 Shares 43,017 Est. Cost $28.88 Unrealized -10.1%

— KELLANOVA 0.4%

Value ($000) $1,196 Shares 14,585 Est. Cost $78.61 Unrealized +5.1%

ALB ALBEMARLE CORP 0.3%

Value ($000) $1,081 Shares 13,332 Est. Cost $59.08 Unrealized +91.7%

EMN EASTMAN CHEM CO 0.3%

Value ($000) $859 Shares 13,631 Est. Cost $75.58 Unrealized -19.3%

RYN RAYONIER INC 0.1%

Value ($000) $233 Shares 8,768 Est. Cost $26.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIN	LINDE PLC	27,904	$13,254	4.0%	$452.99	-5.7%	—	G54950103
NEM	NEWMONT CORP	67,454	$5,687	1.7%	$53.44	+68.8%	—	651639106
SHW	SHERWIN WILLIAMS CO	13,830	$4,789	1.4%	$344.80	-3.1%	—	824348106
VMC	VULCAN MATLS CO	13,729	$4,223	1.3%	$257.00	+14.1%	—	929160109
ECL	ECOLAB INC	15,105	$4,137	1.2%	$253.02	+5.0%	—	278865100
MLM	MARTIN MARIETTA MATLS INC	6,512	$4,104	1.2%	$529.19	+17.4%	—	573284106
DD	DUPONT DE NEMOURS INC	48,019	$3,741	1.1%	$27.46	+36.2%	—	26614N102
APD	AIR PRODS & CHEMS INC	13,304	$3,628	1.1%	$268.76	-6.4%	—	009158106
NUE	NUCOR CORP	26,423	$3,578	1.1%	$116.41	+28.7%	—	670346105
FCX	FREEPORT-MCMORAN INC	87,638	$3,437	1.0%	$37.90	+14.3%	—	35671D857
CTVA	CORTEVA INC	49,785	$3,367	1.0%	$66.37	-2.7%	—	22052L104
IP	INTERNATIONAL PAPER CO	60,624	$2,813	0.8%	$46.06	-11.3%	—	460146103
PPG	PPG INDS INC	26,096	$2,743	0.8%	$106.49	-6.0%	—	693506107
SW	SMURFIT WESTROCK PLC	56,191	$2,392	0.7%	$42.26	-9.8%	—	G8267P108
PKG	PACKAGING CORP AMER	10,304	$2,246	0.7%	$186.42	+8.5%	—	695156109
STLD	STEEL DYNAMICS INC	15,921	$2,220	0.7%	$126.51	+25.2%	—	858119100
—	AMCOR PLC	260,357	$2,130	0.6%	$9.14	-9.8%	—	G0250X107
DOW	DOW INC	81,777	$1,875	0.6%	$27.64	-17.6%	—	260557103
IFF	INTERNATIONAL FLAVORS&FRAGRA	29,547	$1,818	0.5%	$73.96	-12.9%	—	459506101
CF	CF INDS HLDGS INC	18,376	$1,648	0.5%	$84.10	-2.6%	—	125269100
BALL	BALL CORP	32,214	$1,624	0.5%	$51.78	-5.2%	—	058498106
AVY	AVERY DENNISON CORP	9,076	$1,472	0.4%	$172.63	-0.2%	—	053611109
LYB	LYONDELLBASELL INDUSTRIES N	29,106	$1,427	0.4%	$54.41	-18.3%	—	N53745100
MOS	MOSAIC CO NEW	37,019	$1,284	0.4%	$31.49	-15.0%	—	61945C103
—	INTERPUBLIC GROUP COS INC	43,017	$1,201	0.4%	$28.88	-10.1%	—	460690100
—	KELLANOVA	14,585	$1,196	0.4%	$78.61	+5.1%	—	487836108
ALB	ALBEMARLE CORP	13,332	$1,081	0.3%	$59.08	+91.7%	—	012653101
EMN	EASTMAN CHEM CO	13,631	$859	0.3%	$75.58	-19.3%	—	277432100
RYN	RAYONIER INC	8,768	$233	0.1%	$26.54	—	—	754907103

Decreased Positions (9)

META META PLATFORMS INC 3.4%

Value ($000) $11,304 (-23.3%) Shares 17,125 (-14.7%) Est. Cost $256.45 Unrealized +160.2%

AMT AMERICAN TOWER CORP NEW 1.1%

Value ($000) $3,605 (-34.5%) Shares 20,533 (-28.2%) Est. Cost $210.44 Unrealized -14.3%

GOOGL ALPHABET INC 2.8%

Value ($000) $9,353 (-11.3%) Shares 29,882 (-31.1%) Est. Cost $123.53 Unrealized +131.2%

WBD WARNER BROS DISCOVERY INC 1.9%

Value ($000) $6,188 (+23.1%) Shares 214,723 (-16.6%) Est. Cost $10.11 Unrealized +131.3%

GOOG ALPHABET INC 2.2%

Value ($000) $7,492 (-11.7%) Shares 23,874 (-31.5%) Est. Cost $123.79 Unrealized +131.3%

MO ALTRIA GROUP INC 1.0%

Value ($000) $3,326 (-20.4%) Shares 57,690 (-8.8%) Est. Cost $61.42 Unrealized -3.3%

EA ELECTRONIC ARTS INC 1.2%

Value ($000) $3,924 (-17.0%) Shares 19,205 (-18.1%) Est. Cost $131.40 Unrealized +53.5%

PEP PEPSICO INC 1.2%

Value ($000) $3,857 (-6.2%) Shares 26,872 (-8.2%) Est. Cost $140.43 Unrealized +3.9%

HST HOST HOTELS & RESORTS INC 0.2%

Value ($000) $735 (-0.4%) Shares 41,443 (-4.4%) Est. Cost $15.95 Unrealized +6.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	17,125 (-14.7%)	$11,304 (-23.3%)	3.4%	$256.45	+160.2%	CL A	30303M102
AMT	AMERICAN TOWER CORP NEW	20,533 (-28.2%)	$3,605 (-34.5%)	1.1%	$210.44	-14.3%	COM	03027X100
GOOGL	ALPHABET INC	29,882 (-31.1%)	$9,353 (-11.3%)	2.8%	$123.53	+131.2%	CAP STK CL A	02079K305
WBD	WARNER BROS DISCOVERY INC	214,723 (-16.6%)	$6,188 (+23.1%)	1.9%	$10.11	+131.3%	COM SER A	934423104
GOOG	ALPHABET INC	23,874 (-31.5%)	$7,492 (-11.7%)	2.2%	$123.79	+131.3%	CAP STK CL C	02079K107
MO	ALTRIA GROUP INC	57,690 (-8.8%)	$3,326 (-20.4%)	1.0%	$61.42	-3.3%	COM	02209S103
EA	ELECTRONIC ARTS INC	19,205 (-18.1%)	$3,924 (-17.0%)	1.2%	$131.40	+53.5%	COM	285512109
PEP	PEPSICO INC	26,872 (-8.2%)	$3,857 (-6.2%)	1.2%	$140.43	+3.9%	COM	713448108
HST	HOST HOTELS & RESORTS INC	41,443 (-4.4%)	$735 (-0.4%)	0.2%	$15.95	+6.2%	COM	44107P104

Unchanged Positions (4)

VNO VORNADO RLTY TR 0.1%

Value ($000) $347 Shares 10,423 Est. Cost $39.45 Unrealized —

STZ CONSTELLATION BRANDS INC 0.3%

Value ($000) $1,136 Shares 8,231 Est. Cost $157.52 Unrealized -13.1%

ZG ZILLOW GROUP INC 0.1%

Value ($000) $221 Shares 3,245 Est. Cost $53.29 Unrealized +32.0%

CYH COMMUNITY HEALTH SYS INC NEW 0.0%

Value ($000) $42 Shares 13,564 Est. Cost $3.00 Unrealized +12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VNO	VORNADO RLTY TR	10,423	$347	0.1%	$39.45	—	SH BEN INT	929042109
STZ	CONSTELLATION BRANDS INC	8,231	$1,136	0.3%	$157.52	-13.1%	CL A	21036P108
ZG	ZILLOW GROUP INC	3,245	$221	0.1%	$53.29	+32.0%	CL A	98954M101
CYH	COMMUNITY HEALTH SYS INC NEW	13,564	$42	0.0%	$3.00	+12.1%	COM	203668108