Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	53,802	$19.01M	2.5%	$353.33	—	CAP STK CL C	02079K107
NFLX	NETFLIX INC.	58,274	$4.161M	0.6%	$71.40	—	COM	64110L106
ITRN	ITURAN LOCATION AND CONTROL	53,844	$3.285M	0.4%	$61.01	—	SHS	M6158M104
EXEL	EXELIXIS INC	48,849	$2.658M	0.4%	$54.41	—	COM	30161Q104
ETN	EATON CORP PLC	5,418	$2.309M	0.3%	$426.12	—	SHS	G29183103
EBAY	EBAY INC.	18,668	$2.086M	0.3%	$111.75	—	COM	278642103
COST	COSTCO WHOLESALE CORPORATION	1,677	$1.569M	0.2%	$935.47	—	COM	22160K105
CAT	CATERPILLAR INC	555	$591K	0.1%	$1064.90	—	COM	149123101
AMZN	AMAZON COM INC	1,514	$361K	0.0%	$238.34	—	COM	023135106
TEL	TE CONNECTIVITY PLC	1,250	$252K	0.0%	$201.61	—	ORD SHS	G87052109

Increased Positions (18)

KLAC KLA CORP 7.1%

Value $53.02M (+105.4%) Shares 175,739 (+902.6%) Est. Cost $306.02 Unrealized —

APH AMPHENOL CORP 6.1%

Value $45.96M (+43.7%) Shares 260,640 (+3.0%) Est. Cost $44.58 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.6%

Value $19.76M (+75.1%) Shares 41,380 (+23.9%) Est. Cost $136.79 Unrealized —

AVGO BROADCOM INC 1.7%

Value $12.49M (+116.7%) Shares 33,064 (+77.5%) Est. Cost $313.52 Unrealized —

LLY ELI LILLY & CO 2.4%

Value $18.25M (+55.7%) Shares 15,214 (+19.4%) Est. Cost $405.92 Unrealized —

NOC NORTHROP GRUMMAN CORP 2.0%

Value $15.21M (-23.8%) Shares 29,857 (+2.0%) Est. Cost $313.94 Unrealized —

HUBB HUBBELL INC 0.7%

Value $5.159M (+232.6%) Shares 9,861 (+212.0%) Est. Cost $510.94 Unrealized —

MLI MUELLER INDS INC 1.6%

Value $11.98M (+20.4%) Shares 97,449 (+8.5%) Est. Cost $116.14 Unrealized —

ENSG ENSIGN GROUP INC 1.5%

Value $11.56M (+19.9%) Shares 72,090 (+50.7%) Est. Cost $179.15 Unrealized —

LAUR LAUREATE ED INC 0.3%

Value $2.376M (+337.5%) Shares 65,419 (+319.7%) Est. Cost $35.91 Unrealized —

WSM WILLIAMS SONOMA INC 0.8%

Value $5.911M (+40.7%) Shares 25,360 (+10.0%) Est. Cost $196.09 Unrealized —

TJX TJX COS INC NEW 4.5%

Value $33.71M (-3.9%) Shares 222,503 (+1.3%) Est. Cost $46.56 Unrealized —

AXP AMERICAN EXPRESS CO 1.0%

Value $7.807M (+14.1%) Shares 23,081 (+2.1%) Est. Cost $221.35 Unrealized —

V VISA INC 0.8%

Value $6.314M (+17.3%) Shares 18,403 (+3.3%) Est. Cost $234.82 Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.3%

Value $1.97M (+53.3%) Shares 8,118 (+77.6%) Est. Cost $259.19 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value $1.944M (+53.8%) Shares 9,717 (+34.1%) Est. Cost $176.34 Unrealized —

PRI PRIMERICA INC 0.7%

Value $5.014M (+14.8%) Shares 17,644 (+1.2%) Est. Cost $234.13 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 0.1%

Value $507K (+86.0%) Shares 1,351 (+37.7%) Est. Cost $136.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAC	KLA CORP	175,739 (+902.6%)	$53.02M (+105.4%)	7.1%	$306.02	—	COM NEW	482480100
APH	AMPHENOL CORP	260,640 (+3.0%)	$45.96M (+43.7%)	6.1%	$44.58	—	CL A	032095101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	41,380 (+23.9%)	$19.76M (+75.1%)	2.6%	$136.79	—	SPONSORED ADS	874039100
AVGO	BROADCOM INC	33,064 (+77.5%)	$12.49M (+116.7%)	1.7%	$313.52	—	COM	11135F101
LLY	ELI LILLY & CO	15,214 (+19.4%)	$18.25M (+55.7%)	2.4%	$405.92	—	COM	532457108
NOC	NORTHROP GRUMMAN CORP	29,857 (+2.0%)	$15.21M (-23.8%)	2.0%	$313.94	—	COM	666807102
HUBB	HUBBELL INC	9,861 (+212.0%)	$5.159M (+232.6%)	0.7%	$510.94	—	COM	443510607
MLI	MUELLER INDS INC	97,449 (+8.5%)	$11.98M (+20.4%)	1.6%	$116.14	—	COM	624756102
ENSG	ENSIGN GROUP INC	72,090 (+50.7%)	$11.56M (+19.9%)	1.5%	$179.15	—	COM	29358P101
LAUR	LAUREATE ED INC	65,419 (+319.7%)	$2.376M (+337.5%)	0.3%	$35.91	—	COMMON STOCK	518613203
WSM	WILLIAMS SONOMA INC	25,360 (+10.0%)	$5.911M (+40.7%)	0.8%	$196.09	—	COM	969904101
TJX	TJX COS INC NEW	222,503 (+1.3%)	$33.71M (-3.9%)	4.5%	$46.56	—	COM	872540109
AXP	AMERICAN EXPRESS CO	23,081 (+2.1%)	$7.807M (+14.1%)	1.0%	$221.35	—	COM	025816109
V	VISA INC	18,403 (+3.3%)	$6.314M (+17.3%)	0.8%	$234.82	—	COM CL A	92826C839
CBOE	CBOE GLOBAL MKTS INC	8,118 (+77.6%)	$1.97M (+53.3%)	0.3%	$259.19	—	COM	12503M108
NVDA	NVIDIA CORPORATION	9,717 (+34.1%)	$1.944M (+53.8%)	0.3%	$176.34	—	COM	67066G104
PRI	PRIMERICA INC	17,644 (+1.2%)	$5.014M (+14.8%)	0.7%	$234.13	—	COM	74164M108
CDNS	CADENCE DESIGN SYSTEM INC	1,351 (+37.7%)	$507K (+86.0%)	0.1%	$136.41	—	COM	127387108

Exited Positions (12)

GOOGL ALPHABET INC CL C 1.5%

Value $10.88M Shares 37,911 Est. Cost $187.55 Unrealized —

HSY HERSHEY CO 1.1%

Value $8.214M Shares 39,511 Est. Cost $181.47 Unrealized —

UNH UNITEDHEALTH GROUP 0.5%

Value $3.404M Shares 12,579 Est. Cost $265.22 Unrealized —

HSIC HENRY SCHEIN 0.2%

Value $1.388M Shares 18,839 Est. Cost $65.74 Unrealized —

TROW T ROWE PRICE 0.2%

Value $1.166M Shares 12,935 Est. Cost $108.91 Unrealized —

NKE NIKE 0.1%

Value $948K Shares 17,948 Est. Cost $43.54 Unrealized —

A AGILENT TECHNOLOGIES 0.1%

Value $673K Shares 5,907 Est. Cost $126.20 Unrealized —

— COSTCO WHSL 0.1%

Value $654K Shares 656 Est. Cost $996.43 Unrealized —

MKC MC CORMICK 0.1%

Value $568K Shares 11,264 Est. Cost $58.91 Unrealized —

MMS MAXIMUS 0.1%

Value $462K Shares 7,210 Est. Cost $83.74 Unrealized —

SLGN SILGAN HOLDINGS 0.1%

Value $420K Shares 10,825 Est. Cost $27.41 Unrealized —

BKE BUCKLE 0.0%

Value $252K Shares 5,000 Est. Cost $36.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC CL C	37,911	$10.88M	1.5%	$187.55	—	—	02079K305
HSY	HERSHEY CO	39,511	$8.214M	1.1%	$181.47	—	—	427866108
UNH	UNITEDHEALTH GROUP	12,579	$3.404M	0.5%	$265.22	—	—	91324P102
HSIC	HENRY SCHEIN	18,839	$1.388M	0.2%	$65.74	—	—	806407102
TROW	T ROWE PRICE	12,935	$1.166M	0.2%	$108.91	—	—	74144T108
NKE	NIKE	17,948	$948K	0.1%	$43.54	—	—	654106103
A	AGILENT TECHNOLOGIES	5,907	$673K	0.1%	$126.20	—	—	00846U101
—	COSTCO WHSL	656	$654K	0.1%	$996.43	—	—	22160Q102
MKC	MC CORMICK	11,264	$568K	0.1%	$58.91	—	—	579780206
MMS	MAXIMUS	7,210	$462K	0.1%	$83.74	—	—	577933104
SLGN	SILGAN HOLDINGS	10,825	$420K	0.1%	$27.41	—	—	827048109
BKE	BUCKLE	5,000	$252K	0.0%	$36.58	—	—	118440106

Decreased Positions (33)

ACN ACCENTURE PLC IRELAND 0.4%

Value $2.628M (-68.6%) Shares 21,118 (-49.9%) Est. Cost $254.06 Unrealized —

SHW SHERWIN WILLIAMS CO 1.0%

Value $7.47M (-42.4%) Shares 21,696 (-46.4%) Est. Cost $262.34 Unrealized —

TTC TORO CO 0.3%

Value $2.232M (-66.4%) Shares 22,915 (-67.8%) Est. Cost $45.76 Unrealized —

ROL ROLLINS INC 1.8%

Value $13.3M (-24.2%) Shares 318,701 (-3.0%) Est. Cost $20.65 Unrealized —

LOW LOWES COS INC 0.1%

Value $532K (-85.9%) Shares 2,414 (-84.9%) Est. Cost $108.12 Unrealized —

PCAR PACCAR INC 0.3%

Value $2.19M (-58.1%) Shares 18,233 (-59.7%) Est. Cost $97.91 Unrealized —

CPRT COPART INC 1.3%

Value $9.591M (-23.1%) Shares 340,219 (-9.4%) Est. Cost $30.06 Unrealized —

CASY CASEYS GEN STORES INC 5.4%

Value $40.09M (+7.3%) Shares 50,435 (-1.7%) Est. Cost $325.64 Unrealized —

GGG GRACO INC 1.9%

Value $14.31M (-13.0%) Shares 189,294 (-2.7%) Est. Cost $33.35 Unrealized —

SYK STRYKER CORPORATION 0.9%

Value $6.839M (-22.1%) Shares 21,723 (-18.6%) Est. Cost $91.07 Unrealized —

EXPD EXPEDITORS INTL WASH INC 2.3%

Value $17.41M (+11.9%) Shares 106,830 (-1.7%) Est. Cost $55.51 Unrealized —

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.1%

Value $800K (-67.4%) Shares 20,658 (-48.4%) Est. Cost $42.07 Unrealized —

MRSH MARSH & MCLENNAN COS INC 1.0%

Value $7.681M (-15.5%) Shares 46,083 (-12.1%) Est. Cost $78.59 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 0.4%

Value $2.77M (+97.4%) Shares 2,870 (-19.9%) Est. Cost $258.92 Unrealized —

ROST ROSS STORES INC 3.4%

Value $25.79M (-4.8%) Shares 121,145 (-3.1%) Est. Cost $56.61 Unrealized —

PGR PROGRESSIVE CORP 2.2%

Value $16.16M (+8.6%) Shares 73,974 (-1.5%) Est. Cost $99.03 Unrealized —

AME AMETEK INC 1.8%

Value $13.46M (+10.2%) Shares 55,624 (-2.4%) Est. Cost $44.09 Unrealized —

SCI SERVICE CORP INTL 0.4%

Value $3.144M (-28.1%) Shares 41,386 (-21.9%) Est. Cost $79.99 Unrealized —

META META PLATFORMS INC 1.0%

Value $7.225M (-14.2%) Shares 12,826 (-12.9%) Est. Cost $642.85 Unrealized —

ABBV ABBVIE INC 1.3%

Value $9.386M (+12.5%) Shares 37,301 (-2.7%) Est. Cost $31.60 Unrealized —

CBRE CBRE GROUP INC 0.3%

Value $2.161M (-27.2%) Shares 16,044 (-26.8%) Est. Cost $56.25 Unrealized —

ALLE ALLEGION PLC 0.7%

Value $4.92M (-13.1%) Shares 35,020 (-10.1%) Est. Cost $125.61 Unrealized —

KMB KIMBERLY-CLARK CORP 0.0%

Value $281K (-68.4%) Shares 2,562 (-72.2%) Est. Cost $68.22 Unrealized —

AON AON PLC 2.6%

Value $19.4M (-3.0%) Shares 58,493 (-5.6%) Est. Cost $349.16 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 2.6%

Value $19.77M (-2.6%) Shares 214,638 (-2.4%) Est. Cost $86.50 Unrealized —

CNI CANADIAN NATL RY CO 0.8%

Value $5.871M (+8.8%) Shares 49,235 (-6.2%) Est. Cost $52.12 Unrealized —

AMGN AMGEN INC 3.1%

Value $23.21M (+1.5%) Shares 64,097 (-1.4%) Est. Cost $139.55 Unrealized —

AAPL APPLE INC 4.8%

Value $35.74M (+0.9%) Shares 123,528 (-11.5%) Est. Cost $84.35 Unrealized —

EXP EAGLE MATLS INC 0.1%

Value $689K (-28.3%) Shares 3,064 (-39.6%) Est. Cost $229.69 Unrealized —

GIL GILDAN ACTIVEWEAR INC 0.2%

Value $1.416M (-11.0%) Shares 27,440 (-4.0%) Est. Cost $67.39 Unrealized —

NEU NEWMARKET CORP 0.2%

Value $1.138M (+16.0%) Shares 1,438 (-6.0%) Est. Cost $669.71 Unrealized —

MSFT MICROSOFT CORP 2.8%

Value $20.61M (-0.7%) Shares 55,263 (-1.4%) Est. Cost $35.52 Unrealized —

PKG PACKAGING CORP AMER 2.2%

Value $16.18M (+0.5%) Shares 67,916 (-10.5%) Est. Cost $61.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACN	ACCENTURE PLC IRELAND	21,118 (-49.9%)	$2.628M (-68.6%)	0.4%	$254.06	—	SHS CLASS A	G1151C101
SHW	SHERWIN WILLIAMS CO	21,696 (-46.4%)	$7.47M (-42.4%)	1.0%	$262.34	—	COM	824348106
TTC	TORO CO	22,915 (-67.8%)	$2.232M (-66.4%)	0.3%	$45.76	—	COM	891092108
ROL	ROLLINS INC	318,701 (-3.0%)	$13.3M (-24.2%)	1.8%	$20.65	—	COM	775711104
LOW	LOWES COS INC	2,414 (-84.9%)	$532K (-85.9%)	0.1%	$108.12	—	COM	548661107
PCAR	PACCAR INC	18,233 (-59.7%)	$2.19M (-58.1%)	0.3%	$97.91	—	COM	693718108
CPRT	COPART INC	340,219 (-9.4%)	$9.591M (-23.1%)	1.3%	$30.06	—	COM	217204106
CASY	CASEYS GEN STORES INC	50,435 (-1.7%)	$40.09M (+7.3%)	5.4%	$325.64	—	COM	147528103
GGG	GRACO INC	189,294 (-2.7%)	$14.31M (-13.0%)	1.9%	$33.35	—	COM	384109104
SYK	STRYKER CORPORATION	21,723 (-18.6%)	$6.839M (-22.1%)	0.9%	$91.07	—	COM	863667101
EXPD	EXPEDITORS INTL WASH INC	106,830 (-1.7%)	$17.41M (+11.9%)	2.3%	$55.51	—	COM	302130109
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	20,658 (-48.4%)	$800K (-67.4%)	0.1%	$42.07	—	CL A	192446102
MRSH	MARSH & MCLENNAN COS INC	46,083 (-12.1%)	$7.681M (-15.5%)	1.0%	$78.59	—	COM	571748102
STX	SEAGATE TECHNOLOGY HLDNGS PL	2,870 (-19.9%)	$2.77M (+97.4%)	0.4%	$258.92	—	ORD SHS	G7997R103
ROST	ROSS STORES INC	121,145 (-3.1%)	$25.79M (-4.8%)	3.4%	$56.61	—	COM	778296103
PGR	PROGRESSIVE CORP	73,974 (-1.5%)	$16.16M (+8.6%)	2.2%	$99.03	—	COM	743315103
AME	AMETEK INC	55,624 (-2.4%)	$13.46M (+10.2%)	1.8%	$44.09	—	COM	031100100
SCI	SERVICE CORP INTL	41,386 (-21.9%)	$3.144M (-28.1%)	0.4%	$79.99	—	COM	817565104
META	META PLATFORMS INC	12,826 (-12.9%)	$7.225M (-14.2%)	1.0%	$642.85	—	CL A	30303M102
ABBV	ABBVIE INC	37,301 (-2.7%)	$9.386M (+12.5%)	1.3%	$31.60	—	COM	00287Y109
CBRE	CBRE GROUP INC	16,044 (-26.8%)	$2.161M (-27.2%)	0.3%	$56.25	—	CL A	12504L109
ALLE	ALLEGION PLC	35,020 (-10.1%)	$4.92M (-13.1%)	0.7%	$125.61	—	ORD SHS	G0176J109
KMB	KIMBERLY-CLARK CORP	2,562 (-72.2%)	$281K (-68.4%)	0.0%	$68.22	—	COM	494368103
AON	AON PLC	58,493 (-5.6%)	$19.4M (-3.0%)	2.6%	$349.16	—	SHS CL A	G0403H108
ORLY	OREILLY AUTOMOTIVE INC	214,638 (-2.4%)	$19.77M (-2.6%)	2.6%	$86.50	—	COM	67103H107
CNI	CANADIAN NATL RY CO	49,235 (-6.2%)	$5.871M (+8.8%)	0.8%	$52.12	—	COM	136375102
AMGN	AMGEN INC	64,097 (-1.4%)	$23.21M (+1.5%)	3.1%	$139.55	—	COM	031162100
AAPL	APPLE INC	123,528 (-11.5%)	$35.74M (+0.9%)	4.8%	$84.35	—	COM	037833100
EXP	EAGLE MATLS INC	3,064 (-39.6%)	$689K (-28.3%)	0.1%	$229.69	—	COM	26969P108
GIL	GILDAN ACTIVEWEAR INC	27,440 (-4.0%)	$1.416M (-11.0%)	0.2%	$67.39	—	COM	375916103
NEU	NEWMARKET CORP	1,438 (-6.0%)	$1.138M (+16.0%)	0.2%	$669.71	—	COM	651587107
MSFT	MICROSOFT CORP	55,263 (-1.4%)	$20.61M (-0.7%)	2.8%	$35.52	—	COM	594918104
PKG	PACKAGING CORP AMER	67,916 (-10.5%)	$16.18M (+0.5%)	2.2%	$61.37	—	COM	695156109

Unchanged Positions (7)

SEIC SEI INVTS CO 3.1%

Value $22.94M Shares 261,576 Est. Cost $36.15 Unrealized —

NVO NOVO-NORDISK A S 1.3%

Value $10.02M Shares 209,088 Est. Cost $72.96 Unrealized —

CSCO CISCO SYS INC 0.6%

Value $4.35M Shares 37,037 Est. Cost $47.97 Unrealized —

PEP PEPSICO INC 1.3%

Value $9.537M Shares 70,438 Est. Cost $71.86 Unrealized —

MA MASTERCARD INCORPORATED 3.7%

Value $27.78M Shares 54,083 Est. Cost $79.19 Unrealized —

ORCL ORACLE CORP 3.0%

Value $22.4M Shares 152,841 Est. Cost $31.58 Unrealized —

MTD METTLER TOLEDO INTERNATIONAL 0.2%

Value $1.675M Shares 1,311 Est. Cost $411.11 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SEIC	SEI INVTS CO	261,576	$22.94M	3.1%	$36.15	—	COM	784117103
NVO	NOVO-NORDISK A S	209,088	$10.02M	1.3%	$72.96	—	ADR	670100205
CSCO	CISCO SYS INC	37,037	$4.35M	0.6%	$47.97	—	COM	17275R102
PEP	PEPSICO INC	70,438	$9.537M	1.3%	$71.86	—	COM	713448108
MA	MASTERCARD INCORPORATED	54,083	$27.78M	3.7%	$79.19	—	CL A	57636Q104
ORCL	ORACLE CORP	152,841	$22.4M	3.0%	$31.58	—	COM	68389X105
MTD	METTLER TOLEDO INTERNATIONAL	1,311	$1.675M	0.2%	$411.11	—	COM	592688105