Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OMC	OMNICOM GROUP INC	522,265	$38.04M	1.7%	$72.83	—	COM	681919106
CSCO	CISCO SYS INC	323,211	$37.96M	1.6%	$117.46	—	COM	17275R102
FDXF	FEDEX FGHT HLDG CO INC	227,588	$34.37M	1.5%	$151.00	—	COMMON STOCK	314352105
ICE	INTERCONTINENTAL EXCHANGE IN	261,729	$32.22M	1.4%	$123.11	—	COM	45866F104
HON	HONEYWELL INTL INC	132,493	$29.67M	1.3%	$223.90	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	132,494	$29.29M	1.3%	$221.08	—	COM	43849R105
EPR	EPR PPTYS	29,729	$1.725M	0.1%	$58.01	—	COM SH BEN INT	26884U109
HQY	HEALTHEQUITY INC	18,046	$1.63M	0.1%	$90.32	—	COM	42226A107
OLLI	OLLIES BARGAIN OUTLET HLDGS	20,407	$1.569M	0.1%	$76.88	—	COM	681116109
TM	TOYOTA MOTOR CORP	3,950	$665K	0.0%	$168.42	—	ADS	892331307
GPRO	GOPRO INC	67,934	$52,853	0.0%	$0.78	—	CL A	38268T103

Increased Positions (34)

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.7%

Value $16.35M (+4391.9%) Shares 34,234 (+3078.6%) Est. Cost $464.64 Unrealized —

VSNT VERSANT MEDIA GROUP INC 1.4%

Value $32.5M (+91.3%) Shares 902,568 (+96.7%) Est. Cost $34.04 Unrealized —

CNI CANADIAN NATL RY CO 0.7%

Value $15.7M (+3732.5%) Shares 131,631 (+3203.2%) Est. Cost $118.54 Unrealized —

MAS MASCO CORP 2.0%

Value $46.75M (+42.9%) Shares 574,533 (+6.0%) Est. Cost $63.93 Unrealized —

APTV APTIV PLC 1.7%

Value $39.5M (+35.5%) Shares 643,605 (+53.3%) Est. Cost $74.13 Unrealized —

MA MASTERCARD INCORPORATED 2.2%

Value $50.93M (+25.2%) Shares 99,157 (+21.8%) Est. Cost $416.78 Unrealized —

LUV SOUTHWEST AIRLS CO 0.5%

Value $11.87M (+268.1%) Shares 230,919 (+168.9%) Est. Cost $49.90 Unrealized —

DEO DIAGEO PLC 1.9%

Value $44.04M (+19.9%) Shares 547,854 (+11.0%) Est. Cost $135.11 Unrealized —

CVX CHEVRON CORPORATION 1.3%

Value $30.74M (-18.7%) Shares 185,463 (+1.5%) Est. Cost $147.69 Unrealized —

SW SMURFIT WESTROCK PLC 0.9%

Value $21.43M (+31.7%) Shares 463,154 (+13.4%) Est. Cost $39.17 Unrealized —

ZG ZILLOW GROUP INC 0.3%

Value $6.717M (+99.6%) Shares 214,124 (+163.4%) Est. Cost $41.57 Unrealized —

GRAB GRAB HOLDINGS LIMITED 0.7%

Value $17.07M (+22.9%) Shares 4,526,530 (+19.3%) Est. Cost $4.61 Unrealized —

MDT MEDTRONIC PLC 2.1%

Value $47.89M (-3.9%) Shares 612,194 (+6.4%) Est. Cost $77.55 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 2.5%

Value $58.63M (+2.4%) Shares 1,017,517 (+7.8%) Est. Cost $54.32 Unrealized —

PEP PEPSICO INC 1.9%

Value $43.19M (+2.4%) Shares 318,975 (+17.4%) Est. Cost $144.35 Unrealized —

WY WEYERHAEUSER CO 1.1%

Value $26.32M (+3.2%) Shares 1,099,393 (+5.3%) Est. Cost $25.42 Unrealized —

PHR PHREESIA INC 0.2%

Value $3.495M (+29.3%) Shares 339,697 (+5.3%) Est. Cost $23.14 Unrealized —

SOLV SOLVENTUM CORP 0.1%

Value $3.443M (+24.8%) Shares 44,628 (+5.6%) Est. Cost $76.62 Unrealized —

PB PROSPERITY BANCSHARES INC 0.2%

Value $5.419M (+14.4%) Shares 74,208 (+5.2%) Est. Cost $65.49 Unrealized —

SSB SOUTHSTATE BK CORP 0.2%

Value $3.489M (+23.6%) Shares 34,922 (+14.5%) Est. Cost $100.77 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.0%

Value $836K (+239.3%) Shares 11,727 (+205.2%) Est. Cost $67.83 Unrealized —

LW LAMB WESTON HLDGS INC 0.1%

Value $2.835M (+20.4%) Shares 65,659 (+17.8%) Est. Cost $66.55 Unrealized —

BANR BANNER CORP 0.1%

Value $1.737M (+31.0%) Shares 26,147 (+19.7%) Est. Cost $63.75 Unrealized —

SAP SAP SE 0.4%

Value $9.642M (-3.6%) Shares 62,567 (+7.1%) Est. Cost $149.43 Unrealized —

FNF FIDELITY NATL FINL INC 0.1%

Value $3.301M (+11.8%) Shares 69,996 (+9.9%) Est. Cost $29.79 Unrealized —

INGR INGREDION INC 0.1%

Value $1.721M (+19.8%) Shares 18,176 (+42.5%) Est. Cost $107.39 Unrealized —

RGA REINSURANCE GROUP AMER INC 0.2%

Value $5.226M (+5.3%) Shares 24,574 (+1.1%) Est. Cost $114.76 Unrealized —

CME CME GROUP INC 2.2%

Value $50.41M (-0.5%) Shares 228,271 (+33.1%) Est. Cost $210.63 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value $641K (+58.9%) Shares 2,942 (+43.1%) Est. Cost $194.11 Unrealized —

USFR WISDOMTREE TR 0.0%

Value $1.052M (+8.5%) Shares 20,901 (+8.5%) Est. Cost $50.31 Unrealized —

SRAD SPORTRADAR GROUP AG 0.2%

Value $4.604M (+1.4%) Shares 307,527 (+13.4%) Est. Cost $16.98 Unrealized —

GMED GLOBUS MED INC 0.2%

Value $4.965M (-0.8%) Shares 62,836 (+8.1%) Est. Cost $64.09 Unrealized —

QLTA ISHARES TR 0.0%

Value $874K (+1.5%) Shares 18,384 (+1.7%) Est. Cost $54.87 Unrealized —

AGZ ISHARES TR 0.0%

Value $1.073M (+1.0%) Shares 9,818 (+1.4%) Est. Cost $113.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	34,234 (+3078.6%)	$16.35M (+4391.9%)	0.7%	$464.64	—	SPONSORED ADS	874039100
VSNT	VERSANT MEDIA GROUP INC	902,568 (+96.7%)	$32.5M (+91.3%)	1.4%	$34.04	—	COM CL A	925283103
CNI	CANADIAN NATL RY CO	131,631 (+3203.2%)	$15.7M (+3732.5%)	0.7%	$118.54	—	COM	136375102
MAS	MASCO CORP	574,533 (+6.0%)	$46.75M (+42.9%)	2.0%	$63.93	—	COM	574599106
APTV	APTIV PLC	643,605 (+53.3%)	$39.5M (+35.5%)	1.7%	$74.13	—	COM SHS	G3265R107
MA	MASTERCARD INCORPORATED	99,157 (+21.8%)	$50.93M (+25.2%)	2.2%	$416.78	—	CL A	57636Q104
LUV	SOUTHWEST AIRLS CO	230,919 (+168.9%)	$11.87M (+268.1%)	0.5%	$49.90	—	COM	844741108
DEO	DIAGEO PLC	547,854 (+11.0%)	$44.04M (+19.9%)	1.9%	$135.11	—	SPON ADR NEW	25243Q205
CVX	CHEVRON CORPORATION	185,463 (+1.5%)	$30.74M (-18.7%)	1.3%	$147.69	—	COM	166764100
SW	SMURFIT WESTROCK PLC	463,154 (+13.4%)	$21.43M (+31.7%)	0.9%	$39.17	—	SHS	G8267P108
ZG	ZILLOW GROUP INC	214,124 (+163.4%)	$6.717M (+99.6%)	0.3%	$41.57	—	CL A	98954M101
GRAB	GRAB HOLDINGS LIMITED	4,526,530 (+19.3%)	$17.07M (+22.9%)	0.7%	$4.61	—	CLASS A ORD	G4124C109
MDT	MEDTRONIC PLC	612,194 (+6.4%)	$47.89M (-3.9%)	2.1%	$77.55	—	SHS	G5960L103
BMY	BRISTOL-MYERS SQUIBB CO	1,017,517 (+7.8%)	$58.63M (+2.4%)	2.5%	$54.32	—	COM	110122108
PEP	PEPSICO INC	318,975 (+17.4%)	$43.19M (+2.4%)	1.9%	$144.35	—	COM	713448108
WY	WEYERHAEUSER CO	1,099,393 (+5.3%)	$26.32M (+3.2%)	1.1%	$25.42	—	COM NEW	962166104
PHR	PHREESIA INC	339,697 (+5.3%)	$3.495M (+29.3%)	0.2%	$23.14	—	COM	71944F106
SOLV	SOLVENTUM CORP	44,628 (+5.6%)	$3.443M (+24.8%)	0.1%	$76.62	—	COM SHS	83444M101
PB	PROSPERITY BANCSHARES INC	74,208 (+5.2%)	$5.419M (+14.4%)	0.2%	$65.49	—	COM	743606105
SSB	SOUTHSTATE BK CORP	34,922 (+14.5%)	$3.489M (+23.6%)	0.2%	$100.77	—	COM	84472E102
VEA	VANGUARD TAX-MANAGED FDS	11,727 (+205.2%)	$836K (+239.3%)	0.0%	$67.83	—	VAN FTSE DEV MKT	921943858
LW	LAMB WESTON HLDGS INC	65,659 (+17.8%)	$2.835M (+20.4%)	0.1%	$66.55	—	COM	513272104
BANR	BANNER CORP	26,147 (+19.7%)	$1.737M (+31.0%)	0.1%	$63.75	—	COM NEW	06652V208
SAP	SAP SE	62,567 (+7.1%)	$9.642M (-3.6%)	0.4%	$149.43	—	SPON ADR	803054204
FNF	FIDELITY NATL FINL INC	69,996 (+9.9%)	$3.301M (+11.8%)	0.1%	$29.79	—	COM SHS	31620R303
INGR	INGREDION INC	18,176 (+42.5%)	$1.721M (+19.8%)	0.1%	$107.39	—	COM	457187102
RGA	REINSURANCE GROUP AMER INC	24,574 (+1.1%)	$5.226M (+5.3%)	0.2%	$114.76	—	COM NEW	759351604
CME	CME GROUP INC	228,271 (+33.1%)	$50.41M (-0.5%)	2.2%	$210.63	—	COM	12572Q105
VTV	VANGUARD INDEX FDS	2,942 (+43.1%)	$641K (+58.9%)	0.0%	$194.11	—	VALUE ETF	922908744
USFR	WISDOMTREE TR	20,901 (+8.5%)	$1.052M (+8.5%)	0.0%	$50.31	—	FLOATNG RAT TREA	97717Y527
SRAD	SPORTRADAR GROUP AG	307,527 (+13.4%)	$4.604M (+1.4%)	0.2%	$16.98	—	CLASS A ORD SHS	H8088L103
GMED	GLOBUS MED INC	62,836 (+8.1%)	$4.965M (-0.8%)	0.2%	$64.09	—	CL A	379577208
QLTA	ISHARES TR	18,384 (+1.7%)	$874K (+1.5%)	0.0%	$54.87	—	A RATE CP BD ETF	46429B291
AGZ	ISHARES TR	9,818 (+1.4%)	$1.073M (+1.0%)	0.0%	$113.98	—	AGENCY BOND ETF	464288166

Exited Positions (6)

HON HONEYWELL INTL INC 2.5%

Value $57.25M Shares 253,300 Est. Cost $195.03 Unrealized —

CMCSA COMCAST CORP NEW 1.4%

Value $32.48M Shares 1,131,447 Est. Cost $36.07 Unrealized —

ICLR ICON PLC 0.4%

Value $9.632M Shares 87,045 Est. Cost $204.44 Unrealized —

WBS WEBSTER FINL CORP 0.2%

Value $3.667M Shares 52,826 Est. Cost $55.64 Unrealized —

USPH U S PHYSICAL THERAPY 0.1%

Value $1.396M Shares 18,621 Est. Cost $94.10 Unrealized —

MGA MAGNA INTL INC 0.0%

Value $365K Shares 6,545 Est. Cost $46.23 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	253,300	$57.25M	2.5%	$195.03	—	—	438516106
CMCSA	COMCAST CORP NEW	1,131,447	$32.48M	1.4%	$36.07	—	—	20030N101
ICLR	ICON PLC	87,045	$9.632M	0.4%	$204.44	—	—	G4705A100
WBS	WEBSTER FINL CORP	52,826	$3.667M	0.2%	$55.64	—	—	947890109
USPH	U S PHYSICAL THERAPY	18,621	$1.396M	0.1%	$94.10	—	—	90337L108
MGA	MAGNA INTL INC	6,545	$365K	0.0%	$46.23	—	—	559222401

Decreased Positions (74)

SLB SLB LIMITED 1.1%

Value $25.54M (-56.0%) Shares 549,265 (-51.4%) Est. Cost $35.62 Unrealized —

EL LAUDER ESTEE COS INC 0.0%

Value $845K (-97.3%) Shares 10,707 (-97.5%) Est. Cost $74.53 Unrealized —

IWD ISHARES TR 0.6%

Value $14.02M (-53.2%) Shares 57,833 (-58.8%) Est. Cost $193.90 Unrealized —

CNC CENTENE CORP DEL 1.9%

Value $43.47M (+37.3%) Shares 677,251 (-29.9%) Est. Cost $47.50 Unrealized —

AMAT APPLIED MATLS INC 1.7%

Value $40.13M (-20.7%) Shares 55,507 (-62.5%) Est. Cost $104.42 Unrealized —

TXN TEXAS INSTRS INC 1.9%

Value $42.83M (-19.6%) Shares 143,704 (-47.6%) Est. Cost $164.00 Unrealized —

GOOGL ALPHABET INC 2.8%

Value $63.52M (+19.1%) Shares 177,752 (-4.1%) Est. Cost $105.22 Unrealized —

REGN REGENERON PHARMACEUTICALS 1.6%

Value $35.9M (-20.1%) Shares 57,573 (-1.0%) Est. Cost $659.80 Unrealized —

FDX FEDEX CORP 1.4%

Value $32.54M (-21.8%) Shares 103,915 (-11.0%) Est. Cost $261.56 Unrealized —

EFA ISHARES TR 0.6%

Value $14.6M (-36.6%) Shares 140,573 (-40.7%) Est. Cost $89.09 Unrealized —

ASML ASML HLDG NV 1.3%

Value $29.6M (+36.4%) Shares 14,881 (-9.4%) Est. Cost $797.90 Unrealized —

PNC PNC FINL SVCS GROUP INC 2.5%

Value $56.6M (+15.3%) Shares 229,884 (-2.6%) Est. Cost $126.51 Unrealized —

DAL DELTA AIR LINES INC 2.9%

Value $66.37M (+11.7%) Shares 708,662 (-20.7%) Est. Cost $45.84 Unrealized —

SYY SYSCO CORP 2.0%

Value $46.2M (+15.0%) Shares 552,781 (-1.9%) Est. Cost $68.22 Unrealized —

ON ON SEMICONDUCTOR CORP 1.5%

Value $33.93M (-14.2%) Shares 358,924 (-43.8%) Est. Cost $64.12 Unrealized —

ALC ALCON AG 0.5%

Value $12.43M (-29.1%) Shares 185,252 (-20.4%) Est. Cost $77.61 Unrealized —

AMZN AMAZON COM INC 2.3%

Value $53.53M (+9.9%) Shares 224,579 (-4.0%) Est. Cost $126.63 Unrealized —

AXP AMERICAN EXPRESS CO 2.2%

Value $49.93M (+10.5%) Shares 147,613 (-1.2%) Est. Cost $203.78 Unrealized —

STZ CONSTELLATION BRANDS INC 1.5%

Value $35.67M (-11.4%) Shares 256,465 (-4.5%) Est. Cost $189.91 Unrealized —

USB US BANCORP 1.7%

Value $38.91M (+12.3%) Shares 644,194 (-3.3%) Est. Cost $41.10 Unrealized —

UNP UNION PAC CORP 2.7%

Value $62.22M (+5.6%) Shares 228,758 (-5.8%) Est. Cost $192.37 Unrealized —

NXPI NXP SEMICONDUCTORS N V 0.1%

Value $3.025M (-51.2%) Shares 10,765 (-65.8%) Est. Cost $202.08 Unrealized —

ING ING GROEP N.V. 0.8%

Value $18.92M (+15.2%) Shares 602,985 (-4.4%) Est. Cost $11.36 Unrealized —

SRE SEMPRA 1.7%

Value $39.89M (-5.7%) Shares 430,295 (-1.2%) Est. Cost $64.80 Unrealized —

SUNB SUNBELT RENTALS HOLDINGS INC 0.9%

Value $19.65M (+12.5%) Shares 262,697 (-2.1%) Est. Cost $65.09 Unrealized —

TJX TJX COS INC NEW 1.1%

Value $25.37M (-7.2%) Shares 167,475 (-2.1%) Est. Cost $57.11 Unrealized —

NVO NOVO-NORDISK A S 0.6%

Value $14.09M (+15.0%) Shares 293,933 (-11.8%) Est. Cost $36.75 Unrealized —

AZN ASTRAZENECA PLC 1.1%

Value $24.63M (-6.5%) Shares 129,899 (-2.8%) Est. Cost $190.39 Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 2.4%

Value $56.06M (+3.0%) Shares 144,954 (-22.0%) Est. Cost $391.23 Unrealized —

ACVA ACV AUCTIONS INC 0.2%

Value $3.906M (+64.5%) Shares 543,278 (-3.0%) Est. Cost $14.68 Unrealized —

WSC WILLSCOT HLDGS CORP 0.2%

Value $4.229M (+50.8%) Shares 146,520 (-9.3%) Est. Cost $35.55 Unrealized —

ET ENERGY TRANSFER L P 0.2%

Value $3.849M (-24.4%) Shares 201,323 (-23.6%) Est. Cost $12.28 Unrealized —

RYAAY RYANAIR HOLDINGS PLC 0.6%

Value $14.65M (+9.0%) Shares 226,286 (-2.7%) Est. Cost $42.37 Unrealized —

IJH ISHARES TR 0.1%

Value $3.066M (-27.1%) Shares 39,761 (-36.1%) Est. Cost $71.45 Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.1%

Value $2.228M (-33.0%) Shares 9,183 (-22.4%) Est. Cost $111.65 Unrealized —

CB CHUBB LIMITED 1.6%

Value $35.83M (+3.0%) Shares 105,163 (-1.5%) Est. Cost $111.04 Unrealized —

BCS BARCLAYS PLC 0.6%

Value $13.99M (-5.7%) Shares 520,862 (-25.7%) Est. Cost $10.28 Unrealized —

SONY SONY GROUP CORP 0.5%

Value $12.16M (-6.0%) Shares 606,184 (-3.0%) Est. Cost $33.94 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.0%

Value $1.147M (+138.8%) Shares 3,849 (-20.6%) Est. Cost $49.29 Unrealized —

DLB DOLBY LABORATORIES INC 0.1%

Value $2.456M (-21.3%) Shares 46,702 (-10.1%) Est. Cost $79.30 Unrealized —

WEX WEX INC 0.2%

Value $4.234M (-13.4%) Shares 30,009 (-6.0%) Est. Cost $190.47 Unrealized —

RMBS RAMBUS INC DEL 0.1%

Value $2.215M (+39.2%) Shares 16,683 (-9.8%) Est. Cost $18.37 Unrealized —

ALGN ALIGN TECHNOLOGY INC 0.5%

Value $10.8M (-5.4%) Shares 64,032 (-3.9%) Est. Cost $170.61 Unrealized —

CLX CLOROX CO DEL 0.1%

Value $2.614M (-18.9%) Shares 27,384 (-11.9%) Est. Cost $114.41 Unrealized —

BWA BORGWARNER INC 0.1%

Value $3.418M (-13.6%) Shares 51,483 (-29.4%) Est. Cost $30.35 Unrealized —

LSCC LATTICE SEMICONDUCTOR CORP 0.3%

Value $6.465M (+8.4%) Shares 42,266 (-34.3%) Est. Cost $73.32 Unrealized —

DINO HF SINCLAIR CORP 0.1%

Value $3.369M (-12.9%) Shares 48,377 (-22.0%) Est. Cost $38.52 Unrealized —

GNTX GENTEX CORP 0.2%

Value $5.048M (+10.6%) Shares 199,755 (-4.3%) Est. Cost $25.74 Unrealized —

LAZ LAZARD INC 0.2%

Value $4.663M (-9.2%) Shares 111,179 (-8.0%) Est. Cost $42.76 Unrealized —

ICHR ICHOR HOLDINGS 0.1%

Value $2.315M (+22.5%) Shares 20,616 (-49.2%) Est. Cost $18.54 Unrealized —

ATO ATMOS ENERGY CORP 0.1%

Value $3.349M (-10.8%) Shares 19,440 (-4.4%) Est. Cost $80.89 Unrealized —

DIOD DIODES INC 0.1%

Value $2.223M (+18.3%) Shares 20,311 (-26.2%) Est. Cost $62.68 Unrealized —

E ENI SPA 0.0%

Value $260K (-56.2%) Shares 5,543 (-47.1%) Est. Cost $30.99 Unrealized —

BOKF BOK FINL CORP 0.2%

Value $5.507M (+6.3%) Shares 39,655 (-2.0%) Est. Cost $76.65 Unrealized —

SAIA SAIA INC 0.1%

Value $2.916M (+11.4%) Shares 6,923 (-7.1%) Est. Cost $372.09 Unrealized —

COO COOPER COS INC 0.1%

Value $3.139M (-4.8%) Shares 43,769 (-5.1%) Est. Cost $74.85 Unrealized —

LFUS LITTELFUSE INC 0.2%

Value $3.806M (-4.0%) Shares 8,358 (-28.4%) Est. Cost $261.45 Unrealized —

TSEM TOWER SEMICONDUCTOR LTD 0.3%

Value $5.814M (+2.7%) Shares 22,308 (-30.8%) Est. Cost $56.34 Unrealized —

WSO WATSCO INC 0.2%

Value $3.467M (+4.2%) Shares 8,319 (-9.1%) Est. Cost $392.19 Unrealized —

NNN NNN REIT INC 0.2%

Value $3.536M (+4.0%) Shares 75,999 (-6.0%) Est. Cost $39.35 Unrealized —

PNW PINNACLE WEST CAP CORP 0.2%

Value $3.48M (-3.5%) Shares 32,528 (-9.1%) Est. Cost $65.20 Unrealized —

EEFT EURONET WORLDWIDE INC 0.1%

Value $2.45M (-3.6%) Shares 33,472 (-12.6%) Est. Cost $98.12 Unrealized —

TEL TE CONNECTIVITY PLC 0.0%

Value $663K (-11.9%) Shares 3,290 (-8.7%) Est. Cost $146.90 Unrealized —

RTX RTX CORPORATION 0.0%

Value $952K (-8.1%) Shares 5,016 (-6.5%) Est. Cost $82.51 Unrealized —

AEG AEGON LTD 0.0%

Value $385K (-16.6%) Shares 45,615 (-28.3%) Est. Cost $7.71 Unrealized —

LECO LINCOLN ELEC HLDGS INC 0.1%

Value $2.669M (+2.5%) Shares 10,051 (-3.8%) Est. Cost $105.49 Unrealized —

HLN HALEON PLC 0.0%

Value $452K (-11.4%) Shares 48,486 (-5.0%) Est. Cost $8.23 Unrealized —

IEUR ISHARES TR 0.0%

Value $287K (-13.4%) Shares 3,813 (-19.1%) Est. Cost $67.43 Unrealized —

MCRI MONARCH CASINO & RESORT INC 0.1%

Value $1.57M (-2.7%) Shares 11,929 (-29.3%) Est. Cost $67.59 Unrealized —

DGX QUEST DIAGNOSTICS INC 0.2%

Value $3.622M (-1.0%) Shares 17,090 (-8.5%) Est. Cost $127.96 Unrealized —

NVS NOVARTIS AG 0.0%

Value $204K (-6.4%) Shares 1,301 (-8.8%) Est. Cost $86.66 Unrealized —

CTVA CORTEVA INC 0.0%

Value $206K (-4.6%) Shares 2,432 (-5.7%) Est. Cost $36.75 Unrealized —

PKG PACKAGING CORP AMER 0.2%

Value $3.51M (+0.2%) Shares 14,731 (-10.8%) Est. Cost $124.43 Unrealized —

WMB WILLIAMS COS INC 0.0%

Value $313K (-0.3%) Shares 4,214 (-2.4%) Est. Cost $28.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SLB	SLB LIMITED	549,265 (-51.4%)	$25.54M (-56.0%)	1.1%	$35.62	—	COM STK	806857108
EL	LAUDER ESTEE COS INC	10,707 (-97.5%)	$845K (-97.3%)	0.0%	$74.53	—	CL A	518439104
IWD	ISHARES TR	57,833 (-58.8%)	$14.02M (-53.2%)	0.6%	$193.90	—	RUS 1000 VAL ETF	464287598
CNC	CENTENE CORP DEL	677,251 (-29.9%)	$43.47M (+37.3%)	1.9%	$47.50	—	COM	15135B101
AMAT	APPLIED MATLS INC	55,507 (-62.5%)	$40.13M (-20.7%)	1.7%	$104.42	—	COM	038222105
TXN	TEXAS INSTRS INC	143,704 (-47.6%)	$42.83M (-19.6%)	1.9%	$164.00	—	COM	882508104
GOOGL	ALPHABET INC	177,752 (-4.1%)	$63.52M (+19.1%)	2.8%	$105.22	—	CAP STK CL A	02079K305
REGN	REGENERON PHARMACEUTICALS	57,573 (-1.0%)	$35.9M (-20.1%)	1.6%	$659.80	—	COM	75886F107
FDX	FEDEX CORP	103,915 (-11.0%)	$32.54M (-21.8%)	1.4%	$261.56	—	COM	31428X106
EFA	ISHARES TR	140,573 (-40.7%)	$14.6M (-36.6%)	0.6%	$89.09	—	MSCI EAFE ETF	464287465
ASML	ASML HLDG NV	14,881 (-9.4%)	$29.6M (+36.4%)	1.3%	$797.90	—	N Y REGISTRY SHS	N07059210
PNC	PNC FINL SVCS GROUP INC	229,884 (-2.6%)	$56.6M (+15.3%)	2.5%	$126.51	—	COM	693475105
DAL	DELTA AIR LINES INC	708,662 (-20.7%)	$66.37M (+11.7%)	2.9%	$45.84	—	COM NEW	247361702
SYY	SYSCO CORP	552,781 (-1.9%)	$46.2M (+15.0%)	2.0%	$68.22	—	COM	871829107
ON	ON SEMICONDUCTOR CORP	358,924 (-43.8%)	$33.93M (-14.2%)	1.5%	$64.12	—	COM	682189105
ALC	ALCON AG	185,252 (-20.4%)	$12.43M (-29.1%)	0.5%	$77.61	—	ORD SHS	H01301128
AMZN	AMAZON COM INC	224,579 (-4.0%)	$53.53M (+9.9%)	2.3%	$126.63	—	COM	023135106
AXP	AMERICAN EXPRESS CO	147,613 (-1.2%)	$49.93M (+10.5%)	2.2%	$203.78	—	COM	025816109
STZ	CONSTELLATION BRANDS INC	256,465 (-4.5%)	$35.67M (-11.4%)	1.5%	$189.91	—	CL A	21036P108
USB	US BANCORP	644,194 (-3.3%)	$38.91M (+12.3%)	1.7%	$41.10	—	COM NEW	902973304
UNP	UNION PAC CORP	228,758 (-5.8%)	$62.22M (+5.6%)	2.7%	$192.37	—	COM	907818108
NXPI	NXP SEMICONDUCTORS N V	10,765 (-65.8%)	$3.025M (-51.2%)	0.1%	$202.08	—	COM	N6596X109
ING	ING GROEP N.V.	602,985 (-4.4%)	$18.92M (+15.2%)	0.8%	$11.36	—	SPONSORED ADR	456837103
SRE	SEMPRA	430,295 (-1.2%)	$39.89M (-5.7%)	1.7%	$64.80	—	COM	816851109
SUNB	SUNBELT RENTALS HOLDINGS INC	262,697 (-2.1%)	$19.65M (+12.5%)	0.9%	$65.09	—	SHS	866966104
TJX	TJX COS INC NEW	167,475 (-2.1%)	$25.37M (-7.2%)	1.1%	$57.11	—	COM	872540109
NVO	NOVO-NORDISK A S	293,933 (-11.8%)	$14.09M (+15.0%)	0.6%	$36.75	—	ADR	670100205
AZN	ASTRAZENECA PLC	129,899 (-2.8%)	$24.63M (-6.5%)	1.1%	$190.39	—	ORD	G0593M107
ELV	ELEVANCE HEALTH INC FORMERLY	144,954 (-22.0%)	$56.06M (+3.0%)	2.4%	$391.23	—	COM	036752103
ACVA	ACV AUCTIONS INC	543,278 (-3.0%)	$3.906M (+64.5%)	0.2%	$14.68	—	COM CL A	00091G104
WSC	WILLSCOT HLDGS CORP	146,520 (-9.3%)	$4.229M (+50.8%)	0.2%	$35.55	—	COM CL A	971378104
ET	ENERGY TRANSFER L P	201,323 (-23.6%)	$3.849M (-24.4%)	0.2%	$12.28	—	COM UT LTD PTN	29273V100
RYAAY	RYANAIR HOLDINGS PLC	226,286 (-2.7%)	$14.65M (+9.0%)	0.6%	$42.37	—	SPONSORED ADR	783513203
IJH	ISHARES TR	39,761 (-36.1%)	$3.066M (-27.1%)	0.1%	$71.45	—	CORE S&P MCP ETF	464287507
CBOE	CBOE GLOBAL MKTS INC	9,183 (-22.4%)	$2.228M (-33.0%)	0.1%	$111.65	—	COM	12503M108
CB	CHUBB LIMITED	105,163 (-1.5%)	$35.83M (+3.0%)	1.6%	$111.04	—	COM	H1467J104
BCS	BARCLAYS PLC	520,862 (-25.7%)	$13.99M (-5.7%)	0.6%	$10.28	—	ADR	06738E204
SONY	SONY GROUP CORP	606,184 (-3.0%)	$12.16M (-6.0%)	0.5%	$33.94	—	SPONSORED ADR	835699307
MRVL	MARVELL TECHNOLOGY INC	3,849 (-20.6%)	$1.147M (+138.8%)	0.0%	$49.29	—	COM	573874104
DLB	DOLBY LABORATORIES INC	46,702 (-10.1%)	$2.456M (-21.3%)	0.1%	$79.30	—	COM CL A	25659T107
WEX	WEX INC	30,009 (-6.0%)	$4.234M (-13.4%)	0.2%	$190.47	—	COM	96208T104
RMBS	RAMBUS INC DEL	16,683 (-9.8%)	$2.215M (+39.2%)	0.1%	$18.37	—	COM	750917106
ALGN	ALIGN TECHNOLOGY INC	64,032 (-3.9%)	$10.8M (-5.4%)	0.5%	$170.61	—	COM	016255101
CLX	CLOROX CO DEL	27,384 (-11.9%)	$2.614M (-18.9%)	0.1%	$114.41	—	COM	189054109
BWA	BORGWARNER INC	51,483 (-29.4%)	$3.418M (-13.6%)	0.1%	$30.35	—	COM	099724106
LSCC	LATTICE SEMICONDUCTOR CORP	42,266 (-34.3%)	$6.465M (+8.4%)	0.3%	$73.32	—	COM	518415104
DINO	HF SINCLAIR CORP	48,377 (-22.0%)	$3.369M (-12.9%)	0.1%	$38.52	—	COM	403949100
GNTX	GENTEX CORP	199,755 (-4.3%)	$5.048M (+10.6%)	0.2%	$25.74	—	COM	371901109
LAZ	LAZARD INC	111,179 (-8.0%)	$4.663M (-9.2%)	0.2%	$42.76	—	COM	52110M109
ICHR	ICHOR HOLDINGS	20,616 (-49.2%)	$2.315M (+22.5%)	0.1%	$18.54	—	SHS	G4740B105
ATO	ATMOS ENERGY CORP	19,440 (-4.4%)	$3.349M (-10.8%)	0.1%	$80.89	—	COM	049560105
DIOD	DIODES INC	20,311 (-26.2%)	$2.223M (+18.3%)	0.1%	$62.68	—	COM	254543101
E	ENI SPA	5,543 (-47.1%)	$260K (-56.2%)	0.0%	$30.99	—	SPONSORED ADR	26874R108
BOKF	BOK FINL CORP	39,655 (-2.0%)	$5.507M (+6.3%)	0.2%	$76.65	—	COM NEW	05561Q201
SAIA	SAIA INC	6,923 (-7.1%)	$2.916M (+11.4%)	0.1%	$372.09	—	COM	78709Y105
COO	COOPER COS INC	43,769 (-5.1%)	$3.139M (-4.8%)	0.1%	$74.85	—	COM	216648501
LFUS	LITTELFUSE INC	8,358 (-28.4%)	$3.806M (-4.0%)	0.2%	$261.45	—	COM	537008104
TSEM	TOWER SEMICONDUCTOR LTD	22,308 (-30.8%)	$5.814M (+2.7%)	0.3%	$56.34	—	SHS NEW	M87915274
WSO	WATSCO INC	8,319 (-9.1%)	$3.467M (+4.2%)	0.2%	$392.19	—	COM	942622200
NNN	NNN REIT INC	75,999 (-6.0%)	$3.536M (+4.0%)	0.2%	$39.35	—	COM	637417106
PNW	PINNACLE WEST CAP CORP	32,528 (-9.1%)	$3.48M (-3.5%)	0.2%	$65.20	—	COM	723484101
EEFT	EURONET WORLDWIDE INC	33,472 (-12.6%)	$2.45M (-3.6%)	0.1%	$98.12	—	COM	298736109
TEL	TE CONNECTIVITY PLC	3,290 (-8.7%)	$663K (-11.9%)	0.0%	$146.90	—	ORD SHS	G87052109
RTX	RTX CORPORATION	5,016 (-6.5%)	$952K (-8.1%)	0.0%	$82.51	—	COM	75513E101
AEG	AEGON LTD	45,615 (-28.3%)	$385K (-16.6%)	0.0%	$7.71	—	AMER REG 1 CERT	0076CA104
LECO	LINCOLN ELEC HLDGS INC	10,051 (-3.8%)	$2.669M (+2.5%)	0.1%	$105.49	—	COM	533900106
HLN	HALEON PLC	48,486 (-5.0%)	$452K (-11.4%)	0.0%	$8.23	—	SPON ADS	405552100
IEUR	ISHARES TR	3,813 (-19.1%)	$287K (-13.4%)	0.0%	$67.43	—	CORE MSCI EURO	46434V738
MCRI	MONARCH CASINO & RESORT INC	11,929 (-29.3%)	$1.57M (-2.7%)	0.1%	$67.59	—	COM	609027107
DGX	QUEST DIAGNOSTICS INC	17,090 (-8.5%)	$3.622M (-1.0%)	0.2%	$127.96	—	COM	74834L100
NVS	NOVARTIS AG	1,301 (-8.8%)	$204K (-6.4%)	0.0%	$86.66	—	SPONSORED ADR	66987V109
CTVA	CORTEVA INC	2,432 (-5.7%)	$206K (-4.6%)	0.0%	$36.75	—	COM	22052L104
PKG	PACKAGING CORP AMER	14,731 (-10.8%)	$3.51M (+0.2%)	0.2%	$124.43	—	COM	695156109
WMB	WILLIAMS COS INC	4,214 (-2.4%)	$313K (-0.3%)	0.0%	$28.37	—	COM	969457100

Unchanged Positions (31)

JPM JPMORGAN CHASE & CO 2.3%

Value $52.02M Shares 158,924 Est. Cost $99.17 Unrealized —

LH LABCORP HOLDINGS INC 2.5%

Value $57.64M Shares 205,845 Est. Cost $203.09 Unrealized —

AMRZ AMRIZE LTD 2.5%

Value $56.54M Shares 1,060,745 Est. Cost $51.00 Unrealized —

COLD AMERICOLD REALTY TRUST INC 0.3%

Value $5.921M Shares 376,637 Est. Cost $23.15 Unrealized —

CAMX ADVISORS INNER CIRCLE FD 0.6%

Value $13.59M Shares 397,673 Est. Cost $30.76 Unrealized —

HCSG HEALTHCARE SVCS GROUP INC 0.1%

Value $1.976M Shares 80,453 Est. Cost $19.65 Unrealized —

HSTM HEALTHSTREAM INC 0.1%

Value $1.845M Shares 67,694 Est. Cost $25.03 Unrealized —

HALO HALOZYME THERAPEUTICS INC 0.1%

Value $1.811M Shares 23,139 Est. Cost $73.62 Unrealized —

EXP EAGLE MATLS INC 0.1%

Value $1.681M Shares 7,469 Est. Cost $221.17 Unrealized —

HUBG HUB GROUP INC 0.1%

Value $1.512M Shares 34,529 Est. Cost $41.54 Unrealized —

MTUS METALLUS INC 0.1%

Value $1.726M Shares 92,343 Est. Cost $19.72 Unrealized —

FAF FIRST AMERN FINL CORP 0.1%

Value $1.782M Shares 25,978 Est. Cost $43.85 Unrealized —

NTST NETSTREIT CORP 0.1%

Value $1.847M Shares 87,419 Est. Cost $18.45 Unrealized —

WTRG ESSENTIAL UTILS INC 0.1%

Value $3.205M Shares 83,667 Est. Cost $42.72 Unrealized —

UCB UNITED CMNTY BKS BLAIRSVLE G 0.1%

Value $1.826M Shares 52,031 Est. Cost $24.86 Unrealized —

ATMU ATMUS FILTRATION TECHNOLOGIE 0.1%

Value $1.463M Shares 28,687 Est. Cost $22.69 Unrealized —

UBSI UNITED BANKSHARES INC WEST V 0.1%

Value $1.527M Shares 33,315 Est. Cost $34.64 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 0.1%

Value $1.769M Shares 17,133 Est. Cost $64.89 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.0%

Value $787K Shares 778 Est. Cost $229.40 Unrealized —

ADUS ADDUS HOMECARE CORP 0.1%

Value $1.607M Shares 15,994 Est. Cost $91.84 Unrealized —

IDA IDACORP INC 0.1%

Value $1.869M Shares 12,353 Est. Cost $92.15 Unrealized —

RNR RENAISSANCERE HLDGS LTD 0.1%

Value $1.665M Shares 5,253 Est. Cost $148.28 Unrealized —

TRNO TERRENO RLTY CORP 0.1%

Value $1.512M Shares 23,345 Est. Cost $61.42 Unrealized —

TXNM TXNM ENERGY INC 0.1%

Value $1.588M Shares 27,959 Est. Cost $46.17 Unrealized —

WELL WELLTOWER INC 0.0%

Value $377K Shares 1,661 Est. Cost $55.32 Unrealized —

NOV NOV INC 0.1%

Value $1.67M Shares 90,045 Est. Cost $12.92 Unrealized —

UBER UBER TECHNOLOGIES INC 2.5%

Value $57.32M Shares 794,380 Est. Cost $61.55 Unrealized —

SHY ISHARES TR 0.2%

Value $4.115M Shares 50,119 Est. Cost $83.30 Unrealized —

IEI ISHARES TR 0.0%

Value $486K Shares 4,139 Est. Cost $118.13 Unrealized —

ALG ALAMO GROUP INC 0.1%

Value $1.426M Shares 8,670 Est. Cost $126.15 Unrealized —

IEF ISHARES TR 0.0%

Value $448K Shares 4,740 Est. Cost $95.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JPM	JPMORGAN CHASE & CO	158,924	$52.02M	2.3%	$99.17	—	COM	46625H100
LH	LABCORP HOLDINGS INC	205,845	$57.64M	2.5%	$203.09	—	COM SHS	504922105
AMRZ	AMRIZE LTD	1,060,745	$56.54M	2.5%	$51.00	—	SHS	H2927K103
COLD	AMERICOLD REALTY TRUST INC	376,637	$5.921M	0.3%	$23.15	—	COM	03064D108
CAMX	ADVISORS INNER CIRCLE FD	397,673	$13.59M	0.6%	$30.76	—	CAMBIAR AGGRES	0075W0163
HCSG	HEALTHCARE SVCS GROUP INC	80,453	$1.976M	0.1%	$19.65	—	COM	421906108
HSTM	HEALTHSTREAM INC	67,694	$1.845M	0.1%	$25.03	—	COM	42222N103
HALO	HALOZYME THERAPEUTICS INC	23,139	$1.811M	0.1%	$73.62	—	COM	40637H109
EXP	EAGLE MATLS INC	7,469	$1.681M	0.1%	$221.17	—	COM	26969P108
HUBG	HUB GROUP INC	34,529	$1.512M	0.1%	$41.54	—	CL A	443320106
MTUS	METALLUS INC	92,343	$1.726M	0.1%	$19.72	—	COM	887399103
FAF	FIRST AMERN FINL CORP	25,978	$1.782M	0.1%	$43.85	—	COM	31847R102
NTST	NETSTREIT CORP	87,419	$1.847M	0.1%	$18.45	—	COM	64119V303
WTRG	ESSENTIAL UTILS INC	83,667	$3.205M	0.1%	$42.72	—	COM	29670G102
UCB	UNITED CMNTY BKS BLAIRSVLE G	52,031	$1.826M	0.1%	$24.86	—	COM	90984P303
ATMU	ATMUS FILTRATION TECHNOLOGIE	28,687	$1.463M	0.1%	$22.69	—	COM	04956D107
UBSI	UNITED BANKSHARES INC WEST V	33,315	$1.527M	0.1%	$34.64	—	COM	909907107
TCBI	TEXAS CAP BANCSHARES INC	17,133	$1.769M	0.1%	$64.89	—	COM	88224Q107
GS	GOLDMAN SACHS GROUP INC	778	$787K	0.0%	$229.40	—	COM	38141G104
ADUS	ADDUS HOMECARE CORP	15,994	$1.607M	0.1%	$91.84	—	COM	006739106
IDA	IDACORP INC	12,353	$1.869M	0.1%	$92.15	—	COM	451107106
RNR	RENAISSANCERE HLDGS LTD	5,253	$1.665M	0.1%	$148.28	—	COM	G7496G103
TRNO	TERRENO RLTY CORP	23,345	$1.512M	0.1%	$61.42	—	COM	88146M101
TXNM	TXNM ENERGY INC	27,959	$1.588M	0.1%	$46.17	—	COM	69349H107
WELL	WELLTOWER INC	1,661	$377K	0.0%	$55.32	—	COM	95040Q104
NOV	NOV INC	90,045	$1.67M	0.1%	$12.92	—	COM	62955J103
UBER	UBER TECHNOLOGIES INC	794,380	$57.32M	2.5%	$61.55	—	COM	90353T100
SHY	ISHARES TR	50,119	$4.115M	0.2%	$83.30	—	1 3 YR TREAS BD	464287457
IEI	ISHARES TR	4,139	$486K	0.0%	$118.13	—	3 7 YR TREAS BD	464288661
ALG	ALAMO GROUP INC	8,670	$1.426M	0.1%	$126.15	—	COM	011311107
IEF	ISHARES TR	4,740	$448K	0.0%	$95.38	—	7-10 YR TRSY BD	464287440