Nan Shan Life Insurance Co., Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON CORP PLC	275,247	$98,448	3.6%	$353.63	0.0%	SHS	G29183103
QQQ	INVESCO QQQ TR	135,377	$78,137	2.8%	$577.18	—	UNIT SER 1	46090E103
GDX	VANECK ETF TRUST	586,380	$53,812	1.9%	$91.77	—	GOLD MINERS ETF	92189F106
VOO	VANGUARD INDEX FDS	68,445	$40,899	1.5%	$597.55	—	S&P 500 ETF SHS	922908363
GRID	FIRST TR EXCHANGE-TRADED FD	217,775	$35,624	1.3%	$163.58	—	NASDQ CLN EDGE	33737A108
NEM	NEWMONT CORP	305,814	$33,104	1.2%	$118.12	0.0%	COM	651639106
IEMG	ISHARES INC	456,506	$31,841	1.2%	$69.75	—	CORE MSCI EMKT	46434G103
CME	CME GROUP INC	102,540	$30,285	1.1%	$289.33	0.0%	COM	12572Q105
BAC	BANK AMERICA CORP	565,955	$27,590	1.0%	$53.66	0.0%	COM	060505104
IGV	ISHARES TR	306,916	$24,569	0.9%	$80.05	—	EXPANDED TECH	464287515
UBER	UBER TECHNOLOGIES INC	341,325	$24,552	0.9%	$78.72	0.0%	COM	90353T100
VPU	VANGUARD WORLD FD	105,964	$20,996	0.8%	$198.14	—	UTILITIES ETF	92204A876
LLY	ELI LILLY & CO	15,686	$14,428	0.5%	$1047.09	0.0%	COM	532457108
SMH	VANECK ETF TRUST	36,387	$13,951	0.5%	$383.40	—	SEMICONDUCTR ETF	92189F676
RCL	ROYAL CARIBBEAN GROUP	44,584	$12,269	0.4%	$308.86	0.0%	COM	V7780T103
VLO	VALERO ENERGY CORP	49,332	$12,189	0.4%	$190.06	0.0%	COM	91913Y100
FDN	FIRST TR EXCHANGE-TRADED FD	44,000	$10,297	0.4%	$234.03	—	DJ INTERNT IDX	33733E302
LRCX	LAM RESEARCH CORP	46,575	$9,951	0.4%	$225.94	0.0%	COM NEW	512807306
VAW	VANGUARD WORLD FD	38,836	$8,751	0.3%	$225.34	—	MATERIALS ETF	92204A801
CSCO	CISCO SYS INC	107,402	$8,333	0.3%	$77.91	0.0%	COM	17275R102
XLE	SELECT SECTOR SPDR TR	117,700	$7,210	0.3%	$61.26	—	STATE STREET ENE	81369Y506
MCHI	ISHARES TR	126,555	$7,110	0.3%	$56.18	—	MSCI CHINA ETF	46429B671
MU	MICRON TECHNOLOGY INC	12,143	$4,102	0.1%	$387.04	0.0%	COM	595112103
IAI	ISHARES TR	20,580	$3,379	0.1%	$164.18	—	US BR DEL SE ETF	464288794
TSLA	TESLA INC	8,595	$3,195	0.1%	$425.98	0.0%	COM	88160R101
ADI	ANALOG DEVICES INC	6,888	$2,191	0.1%	$316.17	0.0%	COM	032654105
COPX	GLOBAL X FDS	27,871	$2,128	0.1%	$76.35	—	GLOBAL X COPPER	37954Y830
ASML	ASML HLDG NV	169	$223	0.0%	$1320.83	—	N Y REGISTRY SHS	N07059210

Increased Positions (15)

GOOGL ALPHABET INC 6.2%

Value ($000) $172,459 (+491.1%) Shares 599,733 (+543.4%) Est. Cost $296.69 Unrealized +9.0%

AAPL APPLE INC 4.0%

Value ($000) $109,586 (+3777.4%) Shares 431,798 (+4053.5%) Est. Cost $261.52 Unrealized +0.5%

NVDA NVIDIA CORPORATION 3.2%

Value ($000) $89,760 (+342.8%) Shares 514,681 (+373.5%) Est. Cost $175.93 Unrealized +6.1%

COST COSTCO WHOLESALE CORPORATION 4.8%

Value ($000) $131,371 (+51.6%) Shares 131,842 (+31.2%) Est. Cost $900.71 Unrealized +7.0%

PFE PFIZER INC 3.1%

Value ($000) $86,214 (+95.8%) Shares 3,070,309 (+73.6%) Est. Cost $25.90 Unrealized +1.1%

JPM JPMORGAN CHASE & CO 1.8%

Value ($000) $48,346 (+540.8%) Shares 164,353 (+601.9%) Est. Cost $309.21 Unrealized +0.7%

AMZN AMAZON COM INC 1.8%

Value ($000) $49,413 (+340.3%) Shares 237,255 (+387.9%) Est. Cost $214.58 Unrealized +5.7%

AVGO BROADCOM INC 1.6%

Value ($000) $45,551 (+169.4%) Shares 147,171 (+201.2%) Est. Cost $292.15 Unrealized +14.4%

MSFT MICROSOFT CORP 3.7%

Value ($000) $100,924 (+25.8%) Shares 272,642 (+64.4%) Est. Cost $427.58 Unrealized +1.6%

XLV SELECT SECTOR SPDR TR 1.0%

Value ($000) $28,630 (+128.3%) Shares 195,277 (+141.1%) Est. Cost $143.45 Unrealized —

ISRG INTUITIVE SURGICAL INC 1.3%

Value ($000) $35,718 (+71.4%) Shares 77,481 (+110.5%) Est. Cost $523.83 Unrealized -0.5%

XBI SPDR SERIES TRUST 0.6%

Value ($000) $17,705 (+140.9%) Shares 138,611 (+130.0%) Est. Cost $124.83 Unrealized —

BOTZ GLOBAL X FDS 0.2%

Value ($000) $6,511 (+124.6%) Shares 196,000 (+145.0%) Est. Cost $31.28 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $3,225 (+66.3%) Shares 15,855 (+75.1%) Est. Cost $182.10 Unrealized +21.7%

META META PLATFORMS INC 3.1%

Value ($000) $84,700 (-1.2%) Shares 148,044 (+14.0%) Est. Cost $726.64 Unrealized -9.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	599,733 (+543.4%)	$172,459 (+491.1%)	6.2%	$296.69	+9.0%	CAP STK CL A	02079K305
AAPL	APPLE INC	431,798 (+4053.5%)	$109,586 (+3777.4%)	4.0%	$261.52	+0.5%	COM	037833100
NVDA	NVIDIA CORPORATION	514,681 (+373.5%)	$89,760 (+342.8%)	3.2%	$175.93	+6.1%	COM	67066G104
COST	COSTCO WHOLESALE CORPORATION	131,842 (+31.2%)	$131,371 (+51.6%)	4.8%	$900.71	+7.0%	COM	22160K105
PFE	PFIZER INC	3,070,309 (+73.6%)	$86,214 (+95.8%)	3.1%	$25.90	+1.1%	COM	717081103
JPM	JPMORGAN CHASE & CO	164,353 (+601.9%)	$48,346 (+540.8%)	1.8%	$309.21	+0.7%	COM	46625H100
AMZN	AMAZON COM INC	237,255 (+387.9%)	$49,413 (+340.3%)	1.8%	$214.58	+5.7%	COM	023135106
AVGO	BROADCOM INC	147,171 (+201.2%)	$45,551 (+169.4%)	1.6%	$292.15	+14.4%	COM	11135F101
MSFT	MICROSOFT CORP	272,642 (+64.4%)	$100,924 (+25.8%)	3.7%	$427.58	+1.6%	COM	594918104
XLV	SELECT SECTOR SPDR TR	195,277 (+141.1%)	$28,630 (+128.3%)	1.0%	$143.45	—	STATE STREET HEA	81369Y209
ISRG	INTUITIVE SURGICAL INC	77,481 (+110.5%)	$35,718 (+71.4%)	1.3%	$523.83	-0.5%	COM NEW	46120E602
XBI	SPDR SERIES TRUST	138,611 (+130.0%)	$17,705 (+140.9%)	0.6%	$124.83	—	STATE STREET SPD	78464A870
BOTZ	GLOBAL X FDS	196,000 (+145.0%)	$6,511 (+124.6%)	0.2%	$31.28	—	RBTCS ARTFL INTE	37954Y715
AMD	ADVANCED MICRO DEVICES INC	15,855 (+75.1%)	$3,225 (+66.3%)	0.1%	$182.10	+21.7%	COM	007903107
META	META PLATFORMS INC	148,044 (+14.0%)	$84,700 (-1.2%)	3.1%	$726.64	-9.8%	CL A	30303M102

Exited Positions (23)

TLT ISHARES TR 12.6%

Value ($000) $348,438 Shares 3,997,680 Est. Cost $143.75 Unrealized —

SPTL SPDR SERIES TRUST 10.5%

Value ($000) $290,029 Shares 10,956,900 Est. Cost $41.14 Unrealized —

VGLT VANGUARD SCOTTSDALE FDS 6.2%

Value ($000) $170,943 Shares 3,063,500 Est. Cost $86.96 Unrealized —

O REALTY INCOME CORP 3.9%

Value ($000) $106,838 Shares 1,895,302 Est. Cost $54.08 Unrealized +6.0%

HYG ISHARES TR 3.7%

Value ($000) $103,581 Shares 1,284,652 Est. Cost $87.00 Unrealized —

RITM RITHM CAPITAL CORP 1.7%

Value ($000) $46,942 Shares 4,306,602 Est. Cost $14.99 Unrealized —

SDY SPDR SERIES TRUST 1.2%

Value ($000) $34,442 Shares 247,496 Est. Cost $132.51 Unrealized —

JNK SPDR SERIES TRUST 1.2%

Value ($000) $32,815 Shares 337,566 Est. Cost $108.93 Unrealized —

EXR EXTRA SPACE STORAGE INC 1.0%

Value ($000) $28,461 Shares 218,563 Est. Cost $154.09 Unrealized -15.0%

IJR ISHARES TR 0.9%

Value ($000) $25,622 Shares 213,194 Est. Cost $114.04 Unrealized —

KREF KKR REAL ESTATE FIN TR INC 0.9%

Value ($000) $25,156 Shares 3,060,384 Est. Cost $21.50 Unrealized —

PLD PROLOGIS INC. 0.9%

Value ($000) $23,777 Shares 186,256 Est. Cost $111.62 Unrealized +15.6%

REXR REXFORD INDL RLTY INC 0.7%

Value ($000) $20,041 Shares 517,579 Est. Cost $45.56 Unrealized —

AMT AMERICAN TOWER CORP NEW 0.6%

Value ($000) $16,814 Shares 95,766 Est. Cost $198.35 Unrealized -11.9%

PSA PUBLIC STORAGE OPER CO 0.6%

Value ($000) $15,956 Shares 61,489 Est. Cost $278.29 Unrealized -7.1%

HST HOST HOTELS & RESORTS INC 0.5%

Value ($000) $14,027 Shares 791,128 Est. Cost $16.50 Unrealized +10.0%

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $13,263 Shares 210,384 Est. Cost $66.62 Unrealized -6.9%

VIGI VANGUARD WHITEHALL FDS 0.5%

Value ($000) $12,545 Shares 137,180 Est. Cost $85.40 Unrealized —

COLD AMERICOLD REALTY TRUST INC 0.4%

Value ($000) $9,782 Shares 760,671 Est. Cost $28.27 Unrealized —

AVB AVALONBAY CMNTYS INC 0.2%

Value ($000) $6,742 Shares 37,186 Est. Cost $199.04 Unrealized -9.3%

TLH ISHARES TR 0.2%

Value ($000) $5,561 Shares 54,700 Est. Cost $109.33 Unrealized —

WMT WALMART INC 0.1%

Value ($000) $4,100 Shares 36,800 Est. Cost $87.16 Unrealized +40.0%

DLR DIGITAL RLTY TR INC 0.1%

Value ($000) $2,260 Shares 14,611 Est. Cost $165.22 Unrealized -6.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	3,997,680	$348,438	12.6%	$143.75	—	—	464287432
SPTL	SPDR SERIES TRUST	10,956,900	$290,029	10.5%	$41.14	—	—	78464A664
VGLT	VANGUARD SCOTTSDALE FDS	3,063,500	$170,943	6.2%	$86.96	—	—	92206C847
O	REALTY INCOME CORP	1,895,302	$106,838	3.9%	$54.08	+6.0%	—	756109104
HYG	ISHARES TR	1,284,652	$103,581	3.7%	$87.00	—	—	464288513
RITM	RITHM CAPITAL CORP	4,306,602	$46,942	1.7%	$14.99	—	—	64828T201
SDY	SPDR SERIES TRUST	247,496	$34,442	1.2%	$132.51	—	—	78464A763
JNK	SPDR SERIES TRUST	337,566	$32,815	1.2%	$108.93	—	—	78468R622
EXR	EXTRA SPACE STORAGE INC	218,563	$28,461	1.0%	$154.09	-15.0%	—	30225T102
IJR	ISHARES TR	213,194	$25,622	0.9%	$114.04	—	—	464287804
KREF	KKR REAL ESTATE FIN TR INC	3,060,384	$25,156	0.9%	$21.50	—	—	48251K100
PLD	PROLOGIS INC.	186,256	$23,777	0.9%	$111.62	+15.6%	—	74340W103
REXR	REXFORD INDL RLTY INC	517,579	$20,041	0.7%	$45.56	—	—	76169C100
AMT	AMERICAN TOWER CORP NEW	95,766	$16,814	0.6%	$198.35	-11.9%	—	03027X100
PSA	PUBLIC STORAGE OPER CO	61,489	$15,956	0.6%	$278.29	-7.1%	—	74460D109
HST	HOST HOTELS & RESORTS INC	791,128	$14,027	0.5%	$16.50	+10.0%	—	44107P104
EQR	EQUITY RESIDENTIAL	210,384	$13,263	0.5%	$66.62	-6.9%	—	29476L107
VIGI	VANGUARD WHITEHALL FDS	137,180	$12,545	0.5%	$85.40	—	—	921946810
COLD	AMERICOLD REALTY TRUST INC	760,671	$9,782	0.4%	$28.27	—	—	03064D108
AVB	AVALONBAY CMNTYS INC	37,186	$6,742	0.2%	$199.04	-9.3%	—	053484101
TLH	ISHARES TR	54,700	$5,561	0.2%	$109.33	—	—	464288653
WMT	WALMART INC	36,800	$4,100	0.1%	$87.16	+40.0%	—	931142103
DLR	DIGITAL RLTY TR INC	14,611	$2,260	0.1%	$165.22	-6.2%	—	253868103

Decreased Positions (17)

V VISA INC 2.5%

Value ($000) $68,302 (-45.5%) Shares 225,986 (-36.8%) Est. Cost $345.77 Unrealized -4.8%

INTC INTEL CORP 0.6%

Value ($000) $17,294 (-65.3%) Shares 391,878 (-71.0%) Est. Cost $43.63 Unrealized +6.4%

SPGI S&P GLOBAL INC 0.7%

Value ($000) $20,273 (-61.1%) Shares 47,664 (-52.2%) Est. Cost $494.87 Unrealized -1.9%

TXN TEXAS INSTRS INC 0.8%

Value ($000) $22,753 (-48.5%) Shares 117,201 (-54.0%) Est. Cost $187.03 Unrealized +10.3%

TRTX TPG RE FIN TR INC 0.2%

Value ($000) $5,558 (-77.1%) Shares 711,605 (-74.8%) Est. Cost $19.77 Unrealized —

PG PROCTER & GAMBLE CO 0.9%

Value ($000) $24,963 (-37.0%) Shares 172,826 (-37.5%) Est. Cost $159.53 Unrealized -4.9%

VZ VERIZON COMMUNICATIONS INC 3.8%

Value ($000) $104,847 (-11.5%) Shares 2,088,591 (-28.2%) Est. Cost $40.13 Unrealized +9.2%

CRM SALESFORCE INC 0.9%

Value ($000) $25,722 (-30.8%) Shares 137,794 (-1.8%) Est. Cost $305.61 Unrealized -29.4%

ADBE ADOBE INC 0.7%

Value ($000) $18,660 (-33.5%) Shares 76,765 (-4.3%) Est. Cost $567.65 Unrealized -48.9%

UNH UNITEDHEALTH GROUP INC 1.2%

Value ($000) $31,833 (-19.3%) Shares 117,643 (-1.5%) Est. Cost $552.89 Unrealized -44.2%

FCX FREEPORT MCMORAN INC 0.1%

Value ($000) $2,906 (-69.2%) Shares 49,442 (-73.4%) Est. Cost $41.66 Unrealized +46.7%

KRE SPDR SERIES TRUST 0.3%

Value ($000) $9,645 (-35.8%) Shares 148,039 (-36.1%) Est. Cost $62.98 Unrealized —

MRVL MARVELL TECHNOLOGY INC 1.4%

Value ($000) $38,666 (-8.4%) Shares 390,369 (-21.4%) Est. Cost $82.68 Unrealized -1.9%

BP BP PLC 0.7%

Value ($000) $19,588 (-6.8%) Shares 416,772 (-31.1%) Est. Cost $40.16 Unrealized —

ITB ISHARES TR 0.2%

Value ($000) $6,088 (-18.0%) Shares 67,229 (-12.8%) Est. Cost $107.25 Unrealized —

KMI KINDER MORGAN INC DEL 0.7%

Value ($000) $19,355 (-4.5%) Shares 577,243 (-21.7%) Est. Cost $26.81 Unrealized +11.0%

SLB SLB LIMITED 0.2%

Value ($000) $6,167 (-4.7%) Shares 120,000 (-28.8%) Est. Cost $48.50 Unrealized -0.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	225,986 (-36.8%)	$68,302 (-45.5%)	2.5%	$345.77	-4.8%	COM CL A	92826C839
INTC	INTEL CORP	391,878 (-71.0%)	$17,294 (-65.3%)	0.6%	$43.63	+6.4%	COM	458140100
SPGI	S&P GLOBAL INC	47,664 (-52.2%)	$20,273 (-61.1%)	0.7%	$494.87	-1.9%	COM	78409V104
TXN	TEXAS INSTRS INC	117,201 (-54.0%)	$22,753 (-48.5%)	0.8%	$187.03	+10.3%	COM	882508104
TRTX	TPG RE FIN TR INC	711,605 (-74.8%)	$5,558 (-77.1%)	0.2%	$19.77	—	COM	87266M107
PG	PROCTER & GAMBLE CO	172,826 (-37.5%)	$24,963 (-37.0%)	0.9%	$159.53	-4.9%	COM	742718109
VZ	VERIZON COMMUNICATIONS INC	2,088,591 (-28.2%)	$104,847 (-11.5%)	3.8%	$40.13	+9.2%	COM	92343V104
CRM	SALESFORCE INC	137,794 (-1.8%)	$25,722 (-30.8%)	0.9%	$305.61	-29.4%	COM	79466L302
ADBE	ADOBE INC	76,765 (-4.3%)	$18,660 (-33.5%)	0.7%	$567.65	-48.9%	COM	00724F101
UNH	UNITEDHEALTH GROUP INC	117,643 (-1.5%)	$31,833 (-19.3%)	1.2%	$552.89	-44.2%	COM	91324P102
FCX	FREEPORT MCMORAN INC	49,442 (-73.4%)	$2,906 (-69.2%)	0.1%	$41.66	+46.7%	CL B	35671D857
KRE	SPDR SERIES TRUST	148,039 (-36.1%)	$9,645 (-35.8%)	0.3%	$62.98	—	STATE STREET SPD	78464A698
MRVL	MARVELL TECHNOLOGY INC	390,369 (-21.4%)	$38,666 (-8.4%)	1.4%	$82.68	-1.9%	COM	573874104
BP	BP PLC	416,772 (-31.1%)	$19,588 (-6.8%)	0.7%	$40.16	—	SPONSORED ADR	055622104
ITB	ISHARES TR	67,229 (-12.8%)	$6,088 (-18.0%)	0.2%	$107.25	—	US HOME CONS ETF	464288752
KMI	KINDER MORGAN INC DEL	577,243 (-21.7%)	$19,355 (-4.5%)	0.7%	$26.81	+11.0%	COM	49456B101
SLB	SLB LIMITED	120,000 (-28.8%)	$6,167 (-4.7%)	0.2%	$48.50	-0.4%	COM STK	806857108

Unchanged Positions (27)

QCOM QUALCOMM INC 3.7%

Value ($000) $102,809 Shares 798,331 Est. Cost $164.23 Unrealized -6.3%

NOW SERVICENOW INC 1.9%

Value ($000) $53,766 Shares 514,260 Est. Cost $174.83 Unrealized -30.7%

DIS DISNEY WALT CO 2.2%

Value ($000) $60,767 Shares 630,489 Est. Cost $142.51 Unrealized -23.2%

NKE NIKE INC 1.3%

Value ($000) $36,232 Shares 685,946 Est. Cost $121.23 Unrealized -47.2%

BMY BRISTOL-MYERS SQUIBB CO 2.1%

Value ($000) $56,996 Shares 939,759 Est. Cost $57.51 Unrealized -0.1%

PYPL PAYPAL HLDGS INC 0.7%

Value ($000) $19,510 Shares 431,342 Est. Cost $119.66 Unrealized -58.2%

APTV APTIV PLC 1.7%

Value ($000) $47,737 Shares 687,462 Est. Cost $61.22 Unrealized +32.2%

CVS CVS HEALTH CORP 1.1%

Value ($000) $29,522 Shares 411,050 Est. Cost $74.23 Unrealized +5.0%

XYZ BLOCK INC 1.2%

Value ($000) $33,261 Shares 552,700 Est. Cost $73.56 Unrealized -18.0%

EW EDWARDS LIFESCIENCES CORP 1.6%

Value ($000) $44,222 Shares 552,221 Est. Cost $86.31 Unrealized -5.1%

ON ON SEMICONDUCTOR CORP 0.8%

Value ($000) $22,292 Shares 360,013 Est. Cost $97.14 Unrealized -34.0%

WST WEST PHARMACEUTICAL SVSC INC 1.0%

Value ($000) $27,537 Shares 109,867 Est. Cost $311.24 Unrealized -19.0%

NFLX NETFLIX INC. 2.8%

Value ($000) $77,898 Shares 810,170 Est. Cost $105.78 Unrealized -20.7%

RACE FERRARI N V 0.5%

Value ($000) $13,624 Shares 40,716 Est. Cost $459.49 Unrealized -22.4%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $11,545 Shares 82,838 Est. Cost $108.99 Unrealized +27.0%

MA MASTERCARD INCORPORATED 0.3%

Value ($000) $7,495 Shares 15,000 Est. Cost $461.39 Unrealized +16.8%

SNPS SYNOPSYS INC 0.2%

Value ($000) $4,565 Shares 11,514 Est. Cost $531.11 Unrealized -11.2%

EL LAUDER ESTEE COS INC 0.1%

Value ($000) $1,688 Shares 23,516 Est. Cost $225.67 Unrealized -50.4%

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value ($000) $2,909 Shares 6,000 Est. Cost $699.24 Unrealized -28.9%

QUAL ISHARES TR 0.5%

Value ($000) $14,808 Shares 77,200 Est. Cost $170.89 Unrealized —

ILMN ILLUMINA INC 0.2%

Value ($000) $4,611 Shares 37,409 Est. Cost $375.96 Unrealized -64.0%

SWKS SKYWORKS SOLUTIONS INC 0.0%

Value ($000) $1,359 Shares 25,376 Est. Cost $160.03 Unrealized -62.5%

EOG EOG RES INC 0.0%

Value ($000) $733 Shares 5,069 Est. Cost $106.32 Unrealized +5.5%

YUMC YUM CHINA HLDGS INC 0.2%

Value ($000) $4,198 Shares 85,400 Est. Cost $55.95 Unrealized -7.9%

LEN LENNAR CORP 0.0%

Value ($000) $446 Shares 5,131 Est. Cost $148.16 Unrealized -22.7%

XLP SELECT SECTOR SPDR TR 0.1%

Value ($000) $1,384 Shares 16,888 Est. Cost $78.37 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $7,971 Shares 41,532 Est. Cost $173.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QCOM	QUALCOMM INC	798,331	$102,809	3.7%	$164.23	-6.3%	COM	747525103
NOW	SERVICENOW INC	514,260	$53,766	1.9%	$174.83	-30.7%	COM	81762P102
DIS	DISNEY WALT CO	630,489	$60,767	2.2%	$142.51	-23.2%	COM	254687106
NKE	NIKE INC	685,946	$36,232	1.3%	$121.23	-47.2%	CL B	654106103
BMY	BRISTOL-MYERS SQUIBB CO	939,759	$56,996	2.1%	$57.51	-0.1%	COM	110122108
PYPL	PAYPAL HLDGS INC	431,342	$19,510	0.7%	$119.66	-58.2%	COM	70450Y103
APTV	APTIV PLC	687,462	$47,737	1.7%	$61.22	+32.2%	COM SHS	G3265R107
CVS	CVS HEALTH CORP	411,050	$29,522	1.1%	$74.23	+5.0%	COM	126650100
XYZ	BLOCK INC	552,700	$33,261	1.2%	$73.56	-18.0%	CL A	852234103
EW	EDWARDS LIFESCIENCES CORP	552,221	$44,222	1.6%	$86.31	-5.1%	COM	28176E108
ON	ON SEMICONDUCTOR CORP	360,013	$22,292	0.8%	$97.14	-34.0%	COM	682189105
WST	WEST PHARMACEUTICAL SVSC INC	109,867	$27,537	1.0%	$311.24	-19.0%	COM	955306105
NFLX	NETFLIX INC.	810,170	$77,898	2.8%	$105.78	-20.7%	COM	64110L106
RACE	FERRARI N V	40,716	$13,624	0.5%	$459.49	-22.4%	COM	N3167Y103
GILD	GILEAD SCIENCES INC	82,838	$11,545	0.4%	$108.99	+27.0%	COM	375558103
MA	MASTERCARD INCORPORATED	15,000	$7,495	0.3%	$461.39	+16.8%	CL A	57636Q104
SNPS	SYNOPSYS INC	11,514	$4,565	0.2%	$531.11	-11.2%	COM	871607107
EL	LAUDER ESTEE COS INC	23,516	$1,688	0.1%	$225.67	-50.4%	CL A	518439104
SPOT	SPOTIFY TECHNOLOGY S A	6,000	$2,909	0.1%	$699.24	-28.9%	SHS	L8681T102
QUAL	ISHARES TR	77,200	$14,808	0.5%	$170.89	—	MSCI USA QLT FCT	46432F339
ILMN	ILLUMINA INC	37,409	$4,611	0.2%	$375.96	-64.0%	COM	452327109
SWKS	SKYWORKS SOLUTIONS INC	25,376	$1,359	0.0%	$160.03	-62.5%	COM	83088M102
EOG	EOG RES INC	5,069	$733	0.0%	$106.32	+5.5%	COM	26875P101
YUMC	YUM CHINA HLDGS INC	85,400	$4,198	0.2%	$55.95	-7.9%	COM	98850P109
LEN	LENNAR CORP	5,131	$446	0.0%	$148.16	-22.7%	CL A	526057104
XLP	SELECT SECTOR SPDR TR	16,888	$1,384	0.1%	$78.37	—	STATE STREET CON	81369Y308
RSP	INVESCO EXCHANGE TRADED FD T	41,532	$7,971	0.3%	$173.23	—	S&P500 EQL WGT	46137V357