Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSG	REPUBLIC SVCS INC	252,593	$53.82M	5.8%	—	—	COM	760759100
PM	PHILIP MORRIS INTL INC	177,493	$32.11M	3.5%	—	—	COM	718172109
ECL	ECOLAB INC	113,853	$31.72M	3.4%	—	—	COM	278865100
KDP	KEURIG DR PEPPER INC	910,913	$29.81M	3.2%	—	—	COM	49271V100
STZ	CONSTELLATION BRANDS INC	213,980	$29.76M	3.2%	—	—	CL A	21036P108
FAST	FASTENAL CO	564,897	$27.13M	2.9%	—	—	COM	311900104
KHC	KRAFT HEINZ CO	1,056,145	$24.95M	2.7%	—	—	COM	500754106
ASML	ASML HLDG NV	11,919	$23.71M	2.5%	—	—	N Y REGISTRY SHS	N07059210
TXN	TEXAS INSTRS INC	71,943	$21.44M	2.3%	—	—	COM	882508104
STM	STMICROELECTRONICS N V	257,127	$19.26M	2.1%	—	—	NY REGISTRY	861012102
ETN	EATON CORP PLC	44,305	$18.88M	2.0%	—	—	SHS	G29183103
PPG	PPG INDS INC	150,694	$18.28M	2.0%	—	—	COM	693506107
BWXT	BWX TECHNOLOGIES INC	92,035	$17.91M	1.9%	—	—	COM	05605H100
HLN	HALEON PLC	1,726,555	$16.11M	1.7%	—	—	SPON ADS	405552100
BTI	BRITISH AMERN TOB PLC	255,301	$15.77M	1.7%	—	—	SPONSORED ADR	110448107
CARR	CARRIER GLOBAL CORPORATION	195,596	$14.35M	1.5%	—	—	COM	14448C104
TAP	MOLSON COORS BEVERAGE CO	364,310	$14.19M	1.5%	—	—	CL B	60871R209
NTR	NUTRIEN LTD	187,427	$11.8M	1.3%	—	—	COM	67077M108
RL	RALPH LAUREN CORP	26,720	$10.73M	1.2%	—	—	CL A	751212101
BOOT	BOOT BARN HLDGS INC	63,205	$10.38M	1.1%	—	—	COM	099406100
MU	MICRON TECHNOLOGY INC	8,505	$9.817M	1.1%	—	—	COM	595112103
CE	CELANESE CORP DEL	205,203	$9.439M	1.0%	—	—	COM	150870103
BBY	BEST BUY INC	106,893	$8.111M	0.9%	—	—	COM	086516101
NOW	SERVICENOW INC	77,253	$7.67M	0.8%	—	—	COM	81762P102
VRT	VERTIV HOLDINGS CO	22,871	$7.658M	0.8%	—	—	COM CL A	92537N108
T	AT&T INC	353,680	$7.321M	0.8%	—	—	COM	00206R102
AEO	AMERICAN EAGLE OUTFITTERS IN	409,393	$7.042M	0.8%	—	—	COM	02553E106
JBL	JABIL INC	16,381	$6.315M	0.7%	—	—	COM	466313103
AMD	ADVANCED MICRO DEVICES INC	10,634	$6.177M	0.7%	—	—	COM	007903107
TMUS	T-MOBILE US INC	34,684	$5.818M	0.6%	—	—	COM	872590104
TEAM	ATLASSIAN CORPORATION	73,136	$5.689M	0.6%	—	—	CL A	049468101
WING	WINGSTOP INC	31,350	$5.436M	0.6%	—	—	COM	974155103
IBM	INTERNATIONAL BUSINESS MACHS	18,406	$5.176M	0.6%	—	—	COM	459200101
W	WAYFAIR INC	53,879	$4.979M	0.5%	—	—	CL A	94419L101
SNOW	SNOWFLAKE INC	13,180	$3.354M	0.4%	—	—	COM SHS	833445109
CRDO	CREDO TECHNOLOGY GROUP HOLDI	12,061	$3.28M	0.4%	—	—	ORDINARY SHARES	G25457105
WSM	WILLIAMS SONOMA INC	11,570	$2.697M	0.3%	—	—	COM	969904101

Increased Positions (14)

CHD CHURCH & DWIGHT CO INC 3.7%

Value $34.37M (+136.8%) Shares 354,740 (+128.1%) Est. Cost — Unrealized —

PH PARKER-HANNIFIN CORP 2.7%

Value $24.78M (+130.9%) Shares 25,336 (+111.3%) Est. Cost — Unrealized —

WDC WESTERN DIGITAL CORP 1.9%

Value $17.34M (+293.8%) Shares 27,155 (+66.8%) Est. Cost — Unrealized —

FERG FERGUSON ENTERPRISES INC 2.8%

Value $25.82M (+67.5%) Shares 108,779 (+64.6%) Est. Cost — Unrealized —

ANET ARISTA NETWORKS INC 1.0%

Value $9.683M (+420.5%) Shares 56,997 (+276.2%) Est. Cost — Unrealized —

ITB ISHARES TR 2.0%

Value $18.88M (+69.4%) Shares 180,684 (+46.8%) Est. Cost — Unrealized —

PCAR PACCAR INC 1.9%

Value $17.69M (+46.2%) Shares 147,259 (+40.6%) Est. Cost — Unrealized —

FIX COMFORT SYS USA INC 1.3%

Value $12.49M (+67.7%) Shares 6,301 (+16.7%) Est. Cost — Unrealized —

WMT WALMART INC 0.9%

Value $8.497M (+111.2%) Shares 75,019 (+131.7%) Est. Cost — Unrealized —

WDAY WORKDAY INC 0.5%

Value $4.786M (+234.8%) Shares 39,095 (+255.3%) Est. Cost — Unrealized —

LSCC LATTICE SEMICONDUCTOR CORP 0.4%

Value $3.551M (+178.8%) Shares 23,218 (+69.1%) Est. Cost — Unrealized —

MANH MANHATTAN ASSOCIATES INC 0.5%

Value $4.819M (+52.9%) Shares 34,607 (+46.1%) Est. Cost — Unrealized —

RDDT REDDIT INC 0.3%

Value $3.076M (+112.0%) Shares 17,719 (+64.5%) Est. Cost — Unrealized —

META META PLATFORMS INC 1.4%

Value $12.85M (+4.1%) Shares 22,815 (+5.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CHD	CHURCH & DWIGHT CO INC	354,740 (+128.1%)	$34.37M (+136.8%)	3.7%	—	—	COM	171340102
PH	PARKER-HANNIFIN CORP	25,336 (+111.3%)	$24.78M (+130.9%)	2.7%	—	—	COM	701094104
WDC	WESTERN DIGITAL CORP	27,155 (+66.8%)	$17.34M (+293.8%)	1.9%	—	—	COM	958102105
FERG	FERGUSON ENTERPRISES INC	108,779 (+64.6%)	$25.82M (+67.5%)	2.8%	—	—	COMMON STOCK NEW	31488V107
ANET	ARISTA NETWORKS INC	56,997 (+276.2%)	$9.683M (+420.5%)	1.0%	—	—	COM SHS	040413205
ITB	ISHARES TR	180,684 (+46.8%)	$18.88M (+69.4%)	2.0%	—	—	US HOME CONS ETF	464288752
PCAR	PACCAR INC	147,259 (+40.6%)	$17.69M (+46.2%)	1.9%	—	—	COM	693718108
FIX	COMFORT SYS USA INC	6,301 (+16.7%)	$12.49M (+67.7%)	1.3%	—	—	COM	199908104
WMT	WALMART INC	75,019 (+131.7%)	$8.497M (+111.2%)	0.9%	—	—	COM	931142103
WDAY	WORKDAY INC	39,095 (+255.3%)	$4.786M (+234.8%)	0.5%	—	—	CL A	98138H101
LSCC	LATTICE SEMICONDUCTOR CORP	23,218 (+69.1%)	$3.551M (+178.8%)	0.4%	—	—	COM	518415104
MANH	MANHATTAN ASSOCIATES INC	34,607 (+46.1%)	$4.819M (+52.9%)	0.5%	—	—	COM	562750109
RDDT	REDDIT INC	17,719 (+64.5%)	$3.076M (+112.0%)	0.3%	—	—	CL A	75734B100
META	META PLATFORMS INC	22,815 (+5.8%)	$12.85M (+4.1%)	1.4%	—	—	CL A	30303M102

Exited Positions (40)

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.4%

Value $21.96M Shares 64,977 Est. Cost — Unrealized —

SHW SHERWIN WILLIAMS CO 2.2%

Value $20.63M Shares 64,361 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 2.0%

Value $18.22M Shares 104,486 Est. Cost — Unrealized —

GWW WW GRAINGER INC 2.0%

Value $18.18M Shares 16,668 Est. Cost — Unrealized —

MO ALTRIA GROUP INC 1.9%

Value $17.72M Shares 268,586 Est. Cost — Unrealized —

APD AIR PRODUCTS AND CHEMICALS I 1.9%

Value $17.3M Shares 59,550 Est. Cost — Unrealized —

SJM SMUCKER J M CO 1.7%

Value $16.2M Shares 167,986 Est. Cost — Unrealized —

MPWR MONOLITHIC PWR SYS INC 1.7%

Value $15.95M Shares 14,592 Est. Cost — Unrealized —

TT TRANE TECHNOLOGIES PLC 1.7%

Value $15.85M Shares 38,032 Est. Cost — Unrealized —

PEP PEPSICO INC 1.7%

Value $15.39M Shares 99,136 Est. Cost — Unrealized —

DDOG DATADOG INC 1.5%

Value $13.91M Shares 117,832 Est. Cost — Unrealized —

SOLS SOLSTICE ADVANCED MATLS INC 1.4%

Value $12.92M Shares 169,595 Est. Cost — Unrealized —

VMC VULCAN MATLS CO 1.3%

Value $12.46M Shares 45,760 Est. Cost — Unrealized —

MDLZ MONDELEZ INTL INC 1.3%

Value $11.78M Shares 204,428 Est. Cost — Unrealized —

QSR RESTAURANT BRANDS INTL INC 1.2%

Value $10.82M Shares 146,464 Est. Cost — Unrealized —

CTVA CORTEVA INC 1.1%

Value $10.42M Shares 124,487 Est. Cost — Unrealized —

BALL BALL CORP 1.1%

Value $10.04M Shares 169,901 Est. Cost — Unrealized —

MNST MONSTER BEVERAGE CORP NEW 1.0%

Value $8.943M Shares 123,416 Est. Cost — Unrealized —

KMB KIMBERLY-CLARK CORP 0.9%

Value $8.744M Shares 90,636 Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 0.9%

Value $8.065M Shares 15,429 Est. Cost — Unrealized —

LITE LUMENTUM HLDGS INC 0.8%

Value $7.504M Shares 10,678 Est. Cost — Unrealized —

XYL XYLEM INC 0.8%

Value $7.358M Shares 61,573 Est. Cost — Unrealized —

GLW CORNING INC 0.8%

Value $7.335M Shares 53,946 Est. Cost — Unrealized —

CAVA CAVA GROUP INC 0.8%

Value $7.169M Shares 88,616 Est. Cost — Unrealized —

DOW DOW HLDGS INC 0.8%

Value $7.119M Shares 170,929 Est. Cost — Unrealized —

PANW PALO ALTO NETWORKS INC 0.7%

Value $6.468M Shares 40,343 Est. Cost — Unrealized —

NXPI NXP SEMICONDUCTORS N V 0.6%

Value $5.634M Shares 28,617 Est. Cost — Unrealized —

NFLX NETFLIX INC. 0.6%

Value $5.284M Shares 54,952 Est. Cost — Unrealized —

TTEK TETRA TECH INC NEW 0.6%

Value $5.263M Shares 174,738 Est. Cost — Unrealized —

SFM SPROUTS FMRS MKT INC 0.4%

Value $4M Shares 51,860 Est. Cost — Unrealized —

H HYATT HOTELS CORP 0.4%

Value $3.844M Shares 26,734 Est. Cost — Unrealized —

VFC V F CORP 0.4%

Value $3.397M Shares 199,939 Est. Cost — Unrealized —

RCL ROYAL CARIBBEAN GROUP 0.3%

Value $2.955M Shares 10,738 Est. Cost — Unrealized —

SBUX STARBUCKS CORP 0.3%

Value $2.886M Shares 32,213 Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.3%

Value $2.809M Shares 13,615 Est. Cost — Unrealized —

BROS DUTCH BROS INC 0.2%

Value $1.999M Shares 39,467 Est. Cost — Unrealized —

PEGA PEGASYSTEMS INC 0.2%

Value $1.924M Shares 45,209 Est. Cost — Unrealized —

HOG HARLEY DAVIDSON INC 0.2%

Value $1.506M Shares 74,460 Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value $1.264M Shares 3,238 Est. Cost — Unrealized —

COCO VITA COCO CO INC 0.1%

Value $889K Shares 18,563 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	64,977	$21.96M	2.4%	—	—	—	874039100
SHW	SHERWIN WILLIAMS CO	64,361	$20.63M	2.2%	—	—	—	824348106
NVDA	NVIDIA CORPORATION	104,486	$18.22M	2.0%	—	—	—	67066G104
GWW	WW GRAINGER INC	16,668	$18.18M	2.0%	—	—	—	384802104
MO	ALTRIA GROUP INC	268,586	$17.72M	1.9%	—	—	—	02209S103
APD	AIR PRODUCTS AND CHEMICALS I	59,550	$17.3M	1.9%	—	—	—	009158106
SJM	SMUCKER J M CO	167,986	$16.2M	1.7%	—	—	—	832696405
MPWR	MONOLITHIC PWR SYS INC	14,592	$15.95M	1.7%	—	—	—	609839105
TT	TRANE TECHNOLOGIES PLC	38,032	$15.85M	1.7%	—	—	—	G8994E103
PEP	PEPSICO INC	99,136	$15.39M	1.7%	—	—	—	713448108
DDOG	DATADOG INC	117,832	$13.91M	1.5%	—	—	—	23804L103
SOLS	SOLSTICE ADVANCED MATLS INC	169,595	$12.92M	1.4%	—	—	—	83443Q103
VMC	VULCAN MATLS CO	45,760	$12.46M	1.3%	—	—	—	929160109
MDLZ	MONDELEZ INTL INC	204,428	$11.78M	1.3%	—	—	—	609207105
QSR	RESTAURANT BRANDS INTL INC	146,464	$10.82M	1.2%	—	—	—	76131D103
CTVA	CORTEVA INC	124,487	$10.42M	1.1%	—	—	—	22052L104
BALL	BALL CORP	169,901	$10.04M	1.1%	—	—	—	058498106
MNST	MONSTER BEVERAGE CORP NEW	123,416	$8.943M	1.0%	—	—	—	61174X109
KMB	KIMBERLY-CLARK CORP	90,636	$8.744M	0.9%	—	—	—	494368103
ULTA	ULTA BEAUTY INC	15,429	$8.065M	0.9%	—	—	—	90384S303
LITE	LUMENTUM HLDGS INC	10,678	$7.504M	0.8%	—	—	—	55024U109
XYL	XYLEM INC	61,573	$7.358M	0.8%	—	—	—	98419M100
GLW	CORNING INC	53,946	$7.335M	0.8%	—	—	—	219350105
CAVA	CAVA GROUP INC	88,616	$7.169M	0.8%	—	—	—	148929102
DOW	DOW HLDGS INC	170,929	$7.119M	0.8%	—	—	—	260557103
PANW	PALO ALTO NETWORKS INC	40,343	$6.468M	0.7%	—	—	—	697435105
NXPI	NXP SEMICONDUCTORS N V	28,617	$5.634M	0.6%	—	—	—	N6596X109
NFLX	NETFLIX INC.	54,952	$5.284M	0.6%	—	—	—	64110L106
TTEK	TETRA TECH INC NEW	174,738	$5.263M	0.6%	—	—	—	88162G103
SFM	SPROUTS FMRS MKT INC	51,860	$4M	0.4%	—	—	—	85208M102
H	HYATT HOTELS CORP	26,734	$3.844M	0.4%	—	—	—	448579102
VFC	V F CORP	199,939	$3.397M	0.4%	—	—	—	918204108
RCL	ROYAL CARIBBEAN GROUP	10,738	$2.955M	0.3%	—	—	—	V7780T103
SBUX	STARBUCKS CORP	32,213	$2.886M	0.3%	—	—	—	855244109
NET	CLOUDFLARE INC	13,615	$2.809M	0.3%	—	—	—	18915M107
BROS	DUTCH BROS INC	39,467	$1.999M	0.2%	—	—	—	26701L100
PEGA	PEGASYSTEMS INC	45,209	$1.924M	0.2%	—	—	—	705573103
HOG	HARLEY DAVIDSON INC	74,460	$1.506M	0.2%	—	—	—	412822108
CRWD	CROWDSTRIKE HLDGS INC	3,238	$1.264M	0.1%	—	—	—	22788C105
COCO	VITA COCO CO INC	18,563	$889K	0.1%	—	—	—	92846Q107

Decreased Positions (17)

AMAT APPLIED MATLS INC 0.4%

Value $3.921M (-74.6%) Shares 5,423 (-88.0%) Est. Cost — Unrealized —

BURL BURLINGTON STORES INC 0.7%

Value $6.705M (-49.5%) Shares 21,166 (-48.1%) Est. Cost — Unrealized —

TTWO TAKE-TWO INTERACTIVE SOFTWAR 1.1%

Value $10.13M (-38.9%) Shares 40,531 (-51.8%) Est. Cost — Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 1.8%

Value $16.96M (+60.1%) Shares 17,571 (-35.0%) Est. Cost — Unrealized —

SNDK SANDISK CORP 0.9%

Value $8.526M (+220.5%) Shares 3,750 (-10.4%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 1.3%

Value $11.88M (-24.8%) Shares 25,876 (-20.5%) Est. Cost — Unrealized —

KVYO KLAVIYO INC 0.2%

Value $1.7M (-63.2%) Shares 112,588 (-52.5%) Est. Cost — Unrealized —

DASH DOORDASH INC 1.5%

Value $13.76M (-16.8%) Shares 74,583 (-32.3%) Est. Cost — Unrealized —

FIVE FIVE BELOW INC 0.8%

Value $7.692M (-24.3%) Shares 42,781 (-3.8%) Est. Cost — Unrealized —

SKY CHAMPION HOMES INC 0.5%

Value $4.227M (-30.2%) Shares 47,965 (-41.1%) Est. Cost — Unrealized —

EAT BRINKER INTL INC 1.0%

Value $9.218M (-15.1%) Shares 54,872 (-27.8%) Est. Cost — Unrealized —

TGT TARGET CORP 0.4%

Value $3.984M (-22.7%) Shares 30,505 (-28.3%) Est. Cost — Unrealized —

TOST TOAST INC 1.4%

Value $13.28M (-5.9%) Shares 477,191 (-10.3%) Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 0.4%

Value $3.947M (-17.4%) Shares 11,943 (-23.9%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 2.1%

Value $19.16M (+2.1%) Shares 80,378 (-10.8%) Est. Cost — Unrealized —

LRCX LAM RESEARCH CORP 0.6%

Value $5.187M (-5.2%) Shares 11,970 (-53.2%) Est. Cost — Unrealized —

ADI ANALOG DEVICES INC 2.4%

Value $22.43M (-0.5%) Shares 56,475 (-20.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	5,423 (-88.0%)	$3.921M (-74.6%)	0.4%	—	—	COM	038222105
BURL	BURLINGTON STORES INC	21,166 (-48.1%)	$6.705M (-49.5%)	0.7%	—	—	COM	122017106
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	40,531 (-51.8%)	$10.13M (-38.9%)	1.1%	—	—	COM	874054109
STX	SEAGATE TECHNOLOGY HLDNGS PL	17,571 (-35.0%)	$16.96M (+60.1%)	1.8%	—	—	ORD SHS	G7997R103
SNDK	SANDISK CORP	3,750 (-10.4%)	$8.526M (+220.5%)	0.9%	—	—	COM	80004C200
SPOT	SPOTIFY TECHNOLOGY S A	25,876 (-20.5%)	$11.88M (-24.8%)	1.3%	—	—	SHS	L8681T102
KVYO	KLAVIYO INC	112,588 (-52.5%)	$1.7M (-63.2%)	0.2%	—	—	COM SER A	49845K101
DASH	DOORDASH INC	74,583 (-32.3%)	$13.76M (-16.8%)	1.5%	—	—	CL A	25809K105
FIVE	FIVE BELOW INC	42,781 (-3.8%)	$7.692M (-24.3%)	0.8%	—	—	COM	33829M101
SKY	CHAMPION HOMES INC	47,965 (-41.1%)	$4.227M (-30.2%)	0.5%	—	—	COM	830830105
EAT	BRINKER INTL INC	54,872 (-27.8%)	$9.218M (-15.1%)	1.0%	—	—	COM	109641100
TGT	TARGET CORP	30,505 (-28.3%)	$3.984M (-22.7%)	0.4%	—	—	COM	87612E106
TOST	TOAST INC	477,191 (-10.3%)	$13.28M (-5.9%)	1.4%	—	—	CL A	888787108
HLT	HILTON WORLDWIDE HLDGS INC	11,943 (-23.9%)	$3.947M (-17.4%)	0.4%	—	—	COM	43300A203
AMZN	AMAZON COM INC	80,378 (-10.8%)	$19.16M (+2.1%)	2.1%	—	—	COM	023135106
LRCX	LAM RESEARCH CORP	11,970 (-53.2%)	$5.187M (-5.2%)	0.6%	—	—	COM NEW	512807306
ADI	ANALOG DEVICES INC	56,475 (-20.3%)	$22.43M (-0.5%)	2.4%	—	—	COM	032654105

Unchanged Positions (1)

CAT CATERPILLAR INC 2.3%

Value $20.99M Shares 19,709 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	19,709	$20.99M	2.3%	—	—	COM	149123101