Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SKHY	SK HYNIX INC	227,330	$41.86M	3.5%	$184.15	$165.41	+11.3%	AMERICAN DEPOSIT	78392B206
ABEV	AMBEV SA	8,085,691	$23.61M	2.0%	$2.92	$2.98	-2.1%	SPONSORED ADR	02319V103
CCJ	CAMECO CORP	227,234	$19.69M	1.6%	$86.67	$94.24	-8.0%	COM	13321L108
SUNB	SUNBELT RENTALS HOLDINGS INC	40,541	$2.263M	0.2%	$55.82 *	$74.53	-1.8%	SHS	866966104
FERG	FERGUSON ENTERPRISES INC	8,802	$1.96M	0.2%	$222.62	$231.52	-3.8%	COMMON STOCK NEW	31488V107
AEM	AGNICO EAGLE MINES LTD	6,316	$1.646M	0.1%	$260.60 *	$177.40	+3.3%	COM	008474108
CP	CANADIAN PACIFIC KANSAS CITY	12,744	$1.545M	0.1%	$121.20 *	$90.69	-6.2%	COM	13646K108
SHOP	SHOPIFY INC	7,028	$1.482M	0.1%	$210.92 *	$135.71	+9.3%	CL A SUB VTG SHS	82509L107
WPM	WHEATON PRECIOUS METALS CORP	7,515	$1.428M	0.1%	$190.05 *	$132.40	+1.0%	COM	962879102
BN	BROOKFIELD CORP	20,248	$1.06M	0.1%	$52.34 *	$41.29	-11.7%	CL A LTD VT SH	11271J107
KGC	KINROSS GOLD CORP	27,731	$951K	0.1%	$34.30 *	$26.74	-10.0%	COM	496902404
NXT	NEXTPOWER INC	10,043	$783K	0.1%	$77.93	$93.70	-16.8%	COM	65290E101
CLS	CELESTICA INC	1,472	$757K	0.1%	$514.24 *	$330.71	+9.3%	COM	15101Q207
WELL	WELLTOWER INC	3,031	$698K	0.1%	$230.24	$230.24	—	COM	95040Q104
DELL	DELL TECHNOLOGIES INC	1,158	$623K	0.1%	$537.95	$469.71	+14.5%	CL C	24703L202
NET	CLOUDFLARE INC	1,684	$585K	0.0%	$347.28	$296.24	+17.2%	CL A COM	18915M107
SNOW	SNOWFLAKE INC	1,712	$581K	0.0%	$339.56	$308.95	+9.9%	COM SHS	833445109
BE	BLOOM ENERGY CORP	1,878	$520K	0.0%	$276.98	$236.23	+17.2%	COM CL A	093712107
ALAB	ASTERA LABS INC	1,405	$500K	0.0%	$355.97	$321.68	+10.7%	COM	04626A103
NTRA	NATERA INC	1,166	$482K	0.0%	$413.31	$314.13	+31.6%	COM	632307104
DDOG	DATADOG INC	1,689	$463K	0.0%	$273.85	$247.32	+10.7%	CL A COM	23804L103
TER	TERADYNE INC	1,145	$459K	0.0%	$400.91	$368.86	+8.7%	COM	880770102
VEEV	VEEVA SYS INC	1,603	$458K	0.0%	$285.45	$234.97	+21.5%	CL A COM	922475108
SPCX	SPACE EXPLORATION TECHN CORP	2,967	$448K	0.0%	$150.86	$138.41	+9.0%	CLASS A COM STK	84615Q103
LITE	LUMENTUM HLDGS INC	456	$443K	0.0%	$971.26	$845.55	+14.9%	COM	55024U109
TKC	TURKCELL ILETISIM	89,464	$442K	0.0%	$4.94	$5.43	-9.0%	SPON ADR NEW	900111204
FIX	COMFORT SYS USA INC	257	$425K	0.0%	$1654.09	$1678.79	-1.5%	COM	199908104
RKLB	ROCKET LAB CORP	6,097	$425K	0.0%	$69.68	$72.01	-3.2%	COM	773121108
HWM	HOWMET AEROSPACE INC	1,853	$419K	0.0%	$226.18	$263.23	-14.1%	COM	443201108
COHR	COHERENT CORP	1,435	$413K	0.0%	$287.81	$300.25	-4.1%	COM	19247G107
HOOD	ROBINHOOD MKTS INC	3,652	$411K	0.0%	$112.50	$106.17	+6.0%	COM CL A	770700102
ROST	ROSS STORES INC	1,694	$395K	0.0%	$233.40	$234.58	-0.5%	COM	778296103
TJX	TJX COS INC NEW	2,848	$377K	0.0%	$132.31	$144.23	-8.3%	COM	872540109
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,744	$340K	0.0%	$194.79	$215.32	-9.5%	ORDINARY SHARES	G25457105
CVNA	CARVANA CO	5,336	$334K	0.0%	$62.54	$68.45	-8.6%	CL A	146869102
CMG	CHIPOTLE MEXICAN GRILL INC	10,181	$325K	0.0%	$31.95	$34.66	-7.8%	COM	169656105
ABNB	AIRBNB INC	2,024	$325K	0.0%	$160.65	$163.96	-2.0%	COM CL A	009066101
DASH	DOORDASH INC	1,767	$324K	0.0%	$183.55	$201.89	-9.1%	CL A	25809K105
AXON	AXON ENTERPRISE INC	673	$284K	0.0%	$422.52	$540.08	-21.8%	COM	05464C101

Increased Positions (19)

NVDA NVIDIA CORPORATION 9.6%

Value $116M (+25.9%) Shares 508,536 (+10.3%) Share Price $228.38 Est. Cost/Share $111.66 Unrealized @ Report Date +104.5%

APH AMPHENOL CORP 2.5%

Value $30M (-28.5%) Shares 355,829 (+49.5%) Share Price $84.30 Est. Cost/Share $139.49 Unrealized @ Report Date -39.6%

RRX REGAL REXNORD CORPORATION 1.9%

Value $22.87M (-32.9%) Shares 147,437 (+3.0%) Share Price $155.11 Est. Cost/Share $208.14 Unrealized @ Report Date -25.5%

AMZN AMAZON COM INC 4.5%

Value $53.74M (+16.5%) Shares 215,689 (+11.4%) Share Price $249.15 Est. Cost/Share $220.11 Unrealized @ Report Date +13.2%

TSM TAIWAN SEMICONDUCTOR MANUFAC 5.7%

Value $68.87M (-2.5%) Shares 150,978 (+2.0%) Share Price $456.19 Est. Cost/Share $160.09 Unrealized @ Report Date +185.0%

ISRG INTUITIVE SURGICAL INC 0.2%

Value $1.934M (+45.0%) Shares 4,757 (+41.8%) Share Price $406.63 Est. Cost/Share $479.55 Unrealized @ Report Date -15.2%

VLTO VERALTO CORP 0.4%

Value $4.308M (+14.2%) Shares 45,672 (+7.4%) Share Price $94.32 Est. Cost/Share $83.88 Unrealized @ Report Date +12.5%

GEV GE VERNOVA INC 0.2%

Value $2.429M (+22.7%) Shares 2,556 (+51.7%) Share Price $950.49 Est. Cost/Share $1010.55 Unrealized @ Report Date -5.9%

SNPS SYNOPSYS INC 0.3%

Value $3.231M (+15.1%) Shares 7,428 (+18.1%) Share Price $434.94 Est. Cost/Share $527.49 Unrealized @ Report Date -17.5%

WAB WABTEC 0.2%

Value $2.263M (+19.7%) Shares 7,881 (+12.4%) Share Price $287.18 Est. Cost/Share $266.60 Unrealized @ Report Date +7.7%

HDB HDFC BANK LTD 0.1%

Value $1.097M (+27.4%) Shares 49,127 (+47.3%) Share Price $22.34 Est. Cost/Share $28.61 Unrealized @ Report Date -21.9%

WCN WASTE CONNECTIONS INC 0.5%

Value $5.797M (+3.7%) Shares 37,662 (+12.3%) Share Price $153.93 Est. Cost/Share $166.49 Unrealized @ Report Date -7.5%

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value $1.138M (-15.3%) Shares 4,300 (+144.2%) Share Price $264.75 Est. Cost/Share $358.07 Unrealized @ Report Date -26.1%

ITRI ITRON INC 0.2%

Value $2.151M (+4.5%) Shares 24,918 (+4.7%) Share Price $86.34 Est. Cost/Share $117.08 Unrealized @ Report Date -26.3%

XYL XYLEM INC 0.3%

Value $3.348M (-2.5%) Shares 33,056 (+13.8%) Share Price $101.27 Est. Cost/Share $123.18 Unrealized @ Report Date -17.8%

NEE NEXTERA ENERGY INC 0.2%

Value $2.238M (-3.3%) Shares 29,544 (+12.0%) Share Price $75.74 Est. Cost/Share $89.83 Unrealized @ Report Date -15.7%

SBS COMPANHIA DE SANEAMENTO BASI 0.2%

Value $2.337M (-1.5%) Shares 440,142 (+7.2%) Share Price $5.31 Est. Cost/Share $6.00 Unrealized @ Report Date -11.5%

HUBB HUBBELL INC 0.3%

Value $3.746M (-0.9%) Shares 8,258 (+14.3%) Share Price $453.60 Est. Cost/Share $367.90 Unrealized @ Report Date +23.3%

AVGO BROADCOM INC 3.4%

Value $40.4M (-0.1%) Shares 115,025 (+7.5%) Share Price $351.19 Est. Cost/Share $343.29 Unrealized @ Report Date +2.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA CORPORATION	508,536 (+10.3%)	$116M (+25.9%)	9.6%	$228.38	$111.66	+104.5%	COM	67066G104
APH	AMPHENOL CORP	355,829 (+49.5%)	$30M (-28.5%)	2.5%	$84.30	$139.49	-39.6%	CL A	032095101
RRX	REGAL REXNORD CORPORATION	147,437 (+3.0%)	$22.87M (-32.9%)	1.9%	$155.11	$208.14	-25.5%	COM	758750103
AMZN	AMAZON COM INC	215,689 (+11.4%)	$53.74M (+16.5%)	4.5%	$249.15	$220.11	+13.2%	COM	023135106
TSM	TAIWAN SEMICONDUCTOR MANUFAC	150,978 (+2.0%)	$68.87M (-2.5%)	5.7%	$456.19	$160.09	+185.0%	SPONSORED ADS	874039100
ISRG	INTUITIVE SURGICAL INC	4,757 (+41.8%)	$1.934M (+45.0%)	0.2%	$406.63	$479.55	-15.2%	COM NEW	46120E602
VLTO	VERALTO CORP	45,672 (+7.4%)	$4.308M (+14.2%)	0.4%	$94.32	$83.88	+12.5%	COM SHS	92338C103
GEV	GE VERNOVA INC	2,556 (+51.7%)	$2.429M (+22.7%)	0.2%	$950.49	$1010.55	-5.9%	COM	36828A101
SNPS	SYNOPSYS INC	7,428 (+18.1%)	$3.231M (+15.1%)	0.3%	$434.94	$527.49	-17.5%	COM	871607107
WAB	WABTEC	7,881 (+12.4%)	$2.263M (+19.7%)	0.2%	$287.18	$266.60	+7.7%	COM	929740108
HDB	HDFC BANK LTD	49,127 (+47.3%)	$1.097M (+27.4%)	0.1%	$22.34	$28.61	-21.9%	SPONSORED ADS	40415F101
WCN	WASTE CONNECTIONS INC	37,662 (+12.3%)	$5.797M (+3.7%)	0.5%	$153.93	$166.49	-7.5%	COM	94106B101
CRWD	CROWDSTRIKE HLDGS INC	4,300 (+144.2%)	$1.138M (-15.3%)	0.1%	$264.75	$358.07	-26.1%	CL A	22788C105
ITRI	ITRON INC	24,918 (+4.7%)	$2.151M (+4.5%)	0.2%	$86.34	$117.08	-26.3%	COM	465741106
XYL	XYLEM INC	33,056 (+13.8%)	$3.348M (-2.5%)	0.3%	$101.27	$123.18	-17.8%	COM	98419M100
NEE	NEXTERA ENERGY INC	29,544 (+12.0%)	$2.238M (-3.3%)	0.2%	$75.74	$89.83	-15.7%	COM	65339F101
SBS	COMPANHIA DE SANEAMENTO BASI	440,142 (+7.2%)	$2.337M (-1.5%)	0.2%	$5.31	$6.00	-11.5%	SPONSORED ADR	20441A102
HUBB	HUBBELL INC	8,258 (+14.3%)	$3.746M (-0.9%)	0.3%	$453.60	$367.90	+23.3%	COM	443510607
AVGO	BROADCOM INC	115,025 (+7.5%)	$40.4M (-0.1%)	3.4%	$351.19	$343.29	+2.3%	COM	11135F101

Exited Positions (5)

MU MICRON TECHNOLOGY INC 4.9%

Value $58.88M Shares 51,006 Share Price $1154.29 * Est. Cost/Share $749.89 Unrealized @ Report Date +42.0%

CFG CITIZENS FINL GROUP INC 0.1%

Value $1.684M Shares 24,029 Share Price $70.07 * Est. Cost/Share $53.58 Unrealized @ Report Date +19.0%

QXO QXO INC 0.1%

Value $1.591M Shares 92,055 Share Price $17.28 * Est. Cost/Share $22.80 Unrealized @ Report Date -48.7%

EBAY EBAY INC. 0.1%

Value $1.034M Shares 9,256 Share Price $111.75 * Est. Cost/Share $75.15 Unrealized @ Report Date +41.1%

TYL TYLER TECHNOLOGIES INC 0.1%

Value $819K Shares 2,800 Share Price $292.46 * Est. Cost/Share $476.40 Unrealized @ Report Date -33.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	51,006	$58.88M	4.9%	$1154.29 *	$749.89	+42.0%	—	595112103
CFG	CITIZENS FINL GROUP INC	24,029	$1.684M	0.1%	$70.07 *	$53.58	+19.0%	—	174610105
QXO	QXO INC	92,055	$1.591M	0.1%	$17.28 *	$22.80	-48.7%	—	82846H405
EBAY	EBAY INC.	9,256	$1.034M	0.1%	$111.75 *	$75.15	+41.1%	—	278642103
TYL	TYLER TECHNOLOGIES INC	2,800	$819K	0.1%	$292.46 *	$476.40	-33.1%	—	902252105

Decreased Positions (66)

POOL POOL CORP 1.5%

Value $18.61M (-45.0%) Shares 114,943 (-26.9%) Share Price $161.87 Est. Cost/Share $311.90 Unrealized @ Report Date -48.1%

IBN ICICI BK LTD 4.1%

Value $50.04M (-23.2%) Shares 1,816,359 (-19.0%) Share Price $27.55 Est. Cost/Share $25.89 Unrealized @ Report Date +6.4%

MSFT MICROSOFT CORP 6.2%

Value $75M (+21.8%) Shares 146,223 (-11.4%) Share Price $512.90 Est. Cost/Share $199.90 Unrealized @ Report Date +156.6%

CMI CUMMINS INC 1.7%

Value $20.55M (-38.5%) Shares 39,789 (-15.1%) Share Price $516.57 Est. Cost/Share $466.32 Unrealized @ Report Date +10.8%

AZO AUTOZONE INC 1.8%

Value $21.81M (-30.8%) Shares 7,706 (-21.8%) Share Price $2830.02 Est. Cost/Share $2939.37 Unrealized @ Report Date -3.7%

MA MASTERCARD INCORPORATED 4.5%

Value $54.69M (-14.3%) Shares 99,173 (-20.2%) Share Price $551.47 Est. Cost/Share $389.53 Unrealized @ Report Date +41.6%

CSL CARLISLE COS INC 1.9%

Value $22.59M (-26.2%) Shares 70,116 (-16.9%) Share Price $322.17 Est. Cost/Share $346.20 Unrealized @ Report Date -6.9%

V VISA INC 4.6%

Value $55.64M (-12.4%) Shares 154,839 (-16.4%) Share Price $359.33 Est. Cost/Share $226.36 Unrealized @ Report Date +58.7%

SPGI S&P GLOBAL INC 3.9%

Value $46.71M (-13.4%) Shares 118,407 (-10.6%) Share Price $394.47 Est. Cost/Share $480.44 Unrealized @ Report Date -17.9%

UBER UBER TECHNOLOGIES INC 2.0%

Value $23.82M (-19.2%) Shares 347,728 (-14.9%) Share Price $68.51 Est. Cost/Share $72.32 Unrealized @ Report Date -5.3%

GS GOLDMAN SACHS GROUP INC 1.9%

Value $22.32M (-19.9%) Shares 24,791 (-10.1%) Share Price $900.36 Est. Cost/Share $974.94 Unrealized @ Report Date -7.7%

KLAC KLA CORP 0.3%

Value $3.93M (-56.7%) Shares 20,159 (-32.9%) Share Price $194.93 Est. Cost/Share $1498.69 Unrealized @ Report Date -87.0%

TMO THERMO FISHER SCIENTIFIC INC 4.8%

Value $58.07M (-7.4%) Shares 86,028 (-31.2%) Share Price $675.05 Est. Cost/Share $505.59 Unrealized @ Report Date +33.5%

GOOGL ALPHABET INC 7.0%

Value $84.73M (-5.1%) Shares 246,262 (-1.4%) Share Price $344.08 Est. Cost/Share $177.40 Unrealized @ Report Date +94.0%

AMAT APPLIED MATLS INC 0.3%

Value $3.139M (-48.2%) Shares 6,138 (-26.8%) Share Price $511.38 Est. Cost/Share $100.03 Unrealized @ Report Date +411.2%

TSLA TESLA INC 0.4%

Value $4.406M (-28.4%) Shares 12,417 (-15.2%) Share Price $354.81 Est. Cost/Share $397.72 Unrealized @ Report Date -10.8%

LRCX LAM RESEARCH CORP 0.2%

Value $1.868M (-43.0%) Shares 5,686 (-24.8%) Share Price $328.51 Est. Cost/Share $223.72 Unrealized @ Report Date +46.8%

AXP AMERICAN EXPRESS CO 0.6%

Value $6.673M (-17.0%) Shares 21,944 (-7.7%) Share Price $304.10 Est. Cost/Share $333.63 Unrealized @ Report Date -8.9%

LLY ELI LILLY & CO 0.3%

Value $4.209M (-24.4%) Shares 3,638 (-21.6%) Share Price $1157.08 Est. Cost/Share $1021.74 Unrealized @ Report Date +13.2%

RNR RENAISSANCERE HLDGS LTD 0.2%

Value $2.87M (-32.0%) Shares 9,020 (-32.3%) Share Price $318.23 Est. Cost/Share $232.32 Unrealized @ Report Date +37.0%

GE GE AEROSPACE 0.1%

Value $1.569M (-45.5%) Shares 5,025 (-34.8%) Share Price $312.29 Est. Cost/Share $313.08 Unrealized @ Report Date -0.3%

C CITIGROUP INC 0.6%

Value $6.677M (-15.5%) Shares 51,568 (-8.7%) Share Price $129.48 Est. Cost/Share $114.92 Unrealized @ Report Date +12.7%

GLW CORNING INC 0.1%

Value $641K (-63.9%) Shares 4,167 (-40.1%) Share Price $153.76 Est. Cost/Share $181.94 Unrealized @ Report Date -15.5%

PGR PROGRESSIVE CORP 0.4%

Value $5.007M (-16.9%) Shares 24,153 (-12.4%) Share Price $207.31 Est. Cost/Share $205.51 Unrealized @ Report Date +0.9%

ELV ELEVANCE HEALTH INC FORMERLY 0.7%

Value $8.279M (-10.0%) Shares 21,293 (-10.5%) Share Price $388.82 Est. Cost/Share $334.56 Unrealized @ Report Date +16.2%

IQV IQVIA HLDGS INC 0.4%

Value $5.355M (+19.1%) Shares 19,920 (-14.4%) Share Price $268.85 Est. Cost/Share $190.31 Unrealized @ Report Date +41.3%

BKNG BOOKING HOLDINGS INC 0.1%

Value $683K (-54.6%) Shares 4,192 (-50.3%) Share Price $162.91 Est. Cost/Share $170.59 Unrealized @ Report Date -4.5%

WDC WESTERN DIGITAL CORP 0.1%

Value $698K (-53.6%) Shares 1,535 (-34.8%) Share Price $454.46 Est. Cost/Share $486.23 Unrealized @ Report Date -6.5%

MRSH MARSH & MCLENNAN COS INC 0.6%

Value $7.023M (-10.2%) Shares 41,134 (-12.3%) Share Price $170.73 Est. Cost/Share $190.18 Unrealized @ Report Date -10.2%

NFLX NETFLIX INC. 0.1%

Value $1.286M (-37.5%) Shares 18,479 (-35.9%) Share Price $69.58 Est. Cost/Share $88.07 Unrealized @ Report Date -21.0%

BK BANK OF NY MELLON CORP 0.8%

Value $9.055M (-7.6%) Shares 62,607 (-7.6%) Share Price $144.63 Est. Cost/Share $119.20 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value $6.931M (-9.6%) Shares 13,920 (-9.2%) Share Price $497.95 Est. Cost/Share $488.08 Unrealized @ Report Date +2.0%

AMD ADVANCED MICRO DEVICES INC 0.3%

Value $4.192M (-14.0%) Shares 6,853 (-18.3%) Share Price $611.76 Est. Cost/Share $409.99 Unrealized @ Report Date +49.2%

CDNS CADENCE DESIGN SYSTEM INC 0.2%

Value $1.931M (-25.3%) Shares 5,847 (-15.1%) Share Price $330.19 Est. Cost/Share $181.75 Unrealized @ Report Date +81.7%

PWR QUANTA SVCS INC 0.1%

Value $732K (-47.0%) Shares 1,140 (-40.7%) Share Price $642.51 Est. Cost/Share $683.53 Unrealized @ Report Date -6.0%

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value $482K (-57.2%) Shares 5,642 (-53.9%) Share Price $85.41 Est. Cost/Share $91.22 Unrealized @ Report Date -6.4%

PANW PALO ALTO NETWORKS INC 0.1%

Value $1.318M (-31.2%) Shares 3,317 (-40.9%) Share Price $397.31 Est. Cost/Share $228.90 Unrealized @ Report Date +73.6%

BA BOEING CO 0.1%

Value $625K (-47.0%) Shares 3,360 (-38.3%) Share Price $186.05 Est. Cost/Share $222.48 Unrealized @ Report Date -16.4%

MCK MCKESSON CORP 0.1%

Value $754K (-42.3%) Shares 883 (-49.0%) Share Price $853.81 Est. Cost/Share $792.84 Unrealized @ Report Date +7.7%

SHW SHERWIN WILLIAMS CO 0.0%

Value $593K (-47.6%) Shares 1,834 (-44.2%) Share Price $323.27 Est. Cost/Share $319.45 Unrealized @ Report Date +1.2%

DE DEERE & CO 0.2%

Value $2.227M (-18.9%) Shares 3,316 (-23.4%) Share Price $671.55 Est. Cost/Share $579.22 Unrealized @ Report Date +15.9%

MELI MERCADOLIBRE INC 0.1%

Value $1.656M (-23.5%) Shares 958 (-24.9%) Share Price $1728.53 Est. Cost/Share $1929.33 Unrealized @ Report Date -10.4%

VRTX VERTEX PHARMACEUTICALS INC 0.1%

Value $696K (-41.8%) Shares 1,332 (-44.7%) Share Price $522.81 Est. Cost/Share $443.19 Unrealized @ Report Date +18.0%

ANET ARISTA NETWORKS INC 0.1%

Value $984K (-32.8%) Shares 4,835 (-44.0%) Share Price $203.59 Est. Cost/Share $157.08 Unrealized @ Report Date +29.6%

SCHW CHARLES SCHWAB CORP (THE) 0.7%

Value $8.892M (-4.8%) Shares 90,975 (-10.2%) Share Price $97.74 Est. Cost/Share $96.38 Unrealized @ Report Date +1.4%

ORCL ORACLE CORP 0.1%

Value $934K (-31.2%) Shares 6,799 (-26.6%) Share Price $137.30 Est. Cost/Share $181.23 Unrealized @ Report Date -24.2%

AAPL APPLE INC 1.8%

Value $21.89M (-1.9%) Shares 65,744 (-14.8%) Share Price $333.02 Est. Cost/Share $286.04 Unrealized @ Report Date +16.4%

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value $1.87M (+29.1%) Shares 9,996 (-19.5%) Share Price $187.05 Est. Cost/Share $136.41 Unrealized @ Report Date +37.1%

PNFP PINNACLE FINL PARTNERS INC 0.1%

Value $1.346M (-22.8%) Shares 14,384 (-16.8%) Share Price $93.61 Est. Cost/Share $95.97 Unrealized @ Report Date -2.5%

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value $800K (-32.0%) Shares 2,516 (-29.3%) Share Price $318.12 Est. Cost/Share $328.65 Unrealized @ Report Date -3.2%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $1.717M (-18.0%) Shares 1,886 (-15.7%) Share Price $910.34 Est. Cost/Share $996.37 Unrealized @ Report Date -8.6%

LNG CHENIERE ENERGY INC 0.1%

Value $751K (-32.6%) Shares 2,790 (-40.2%) Share Price $269.03 Est. Cost/Share $249.08 Unrealized @ Report Date +8.0%

WMT WALMART INC 0.1%

Value $1.336M (-20.9%) Shares 12,859 (-13.8%) Share Price $103.92 Est. Cost/Share $124.14 Unrealized @ Report Date -16.3%

MAR MARRIOTT INTL INC NEW 0.1%

Value $851K (-28.3%) Shares 2,392 (-25.3%) Share Price $355.67 Est. Cost/Share $368.78 Unrealized @ Report Date -3.6%

IDXX IDEXX LABS INC 0.1%

Value $698K (-28.6%) Shares 1,336 (-28.0%) Share Price $522.19 Est. Cost/Share $560.90 Unrealized @ Report Date -6.9%

BSX BOSTON SCIENTIFIC CORP 0.1%

Value $834K (-25.0%) Shares 19,101 (-26.6%) Share Price $43.65 Est. Cost/Share $49.05 Unrealized @ Report Date -11.0%

CEG CONSTELLATION ENERGY CORP 0.0%

Value $516K (-34.6%) Shares 2,032 (-36.1%) Share Price $254.02 Est. Cost/Share $281.62 Unrealized @ Report Date -9.8%

PDD PDD HOLDINGS INC 0.1%

Value $682K (-27.9%) Shares 8,755 (-29.5%) Share Price $77.94 Est. Cost/Share $92.38 Unrealized @ Report Date -15.6%

ADSK AUTODESK INC 0.2%

Value $2.146M (-10.2%) Shares 10,267 (-16.5%) Share Price $209.00 Est. Cost/Share $227.93 Unrealized @ Report Date -8.3%

A AGILENT TECHNOLOGIES INC 0.3%

Value $3.729M (-5.5%) Shares 21,641 (-27.2%) Share Price $172.31 Est. Cost/Share $101.90 Unrealized @ Report Date +69.1%

URI UNITED RENTALS INC 0.1%

Value $656K (-20.2%) Shares 655 (-9.7%) Share Price $1000.78 Est. Cost/Share $349.59 Unrealized @ Report Date +186.3%

HSIC SCHEIN HENRY INC 0.2%

Value $2.64M (-5.6%) Shares 31,439 (-6.1%) Share Price $83.97 Est. Cost/Share $77.13 Unrealized @ Report Date +8.9%

AWK AMERICAN WTR WKS CO INC NEW 0.1%

Value $1.239M (-9.4%) Shares 9,569 (-7.9%) Share Price $129.47 Est. Cost/Share $128.50 Unrealized @ Report Date +0.8%

CTAS CINTAS CORP 0.3%

Value $3.67M (-3.3%) Shares 18,814 (-15.7%) Share Price $195.06 Est. Cost/Share $169.71 Unrealized @ Report Date +14.9%

FTNT FORTINET INC 0.1%

Value $865K (-7.7%) Shares 4,841 (-20.7%) Share Price $178.76 Est. Cost/Share $115.56 Unrealized @ Report Date +54.7%

NOW SERVICENOW INC 0.2%

Value $1.944M (-0.6%) Shares 14,506 (-26.3%) Share Price $134.01 Est. Cost/Share $175.26 Unrealized @ Report Date -23.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
POOL	POOL CORP	114,943 (-26.9%)	$18.61M (-45.0%)	1.5%	$161.87	$311.90	-48.1%	COM	73278L105
IBN	ICICI BK LTD	1,816,359 (-19.0%)	$50.04M (-23.2%)	4.1%	$27.55	$25.89	+6.4%	ADR	45104G104
MSFT	MICROSOFT CORP	146,223 (-11.4%)	$75M (+21.8%)	6.2%	$512.90	$199.90	+156.6%	COM	594918104
CMI	CUMMINS INC	39,789 (-15.1%)	$20.55M (-38.5%)	1.7%	$516.57	$466.32	+10.8%	COM	231021106
AZO	AUTOZONE INC	7,706 (-21.8%)	$21.81M (-30.8%)	1.8%	$2830.02	$2939.37	-3.7%	COM	053332102
MA	MASTERCARD INCORPORATED	99,173 (-20.2%)	$54.69M (-14.3%)	4.5%	$551.47	$389.53	+41.6%	CL A	57636Q104
CSL	CARLISLE COS INC	70,116 (-16.9%)	$22.59M (-26.2%)	1.9%	$322.17	$346.20	-6.9%	COM	142339100
V	VISA INC	154,839 (-16.4%)	$55.64M (-12.4%)	4.6%	$359.33	$226.36	+58.7%	COM CL A	92826C839
SPGI	S&P GLOBAL INC	118,407 (-10.6%)	$46.71M (-13.4%)	3.9%	$394.47	$480.44	-17.9%	COM	78409V104
UBER	UBER TECHNOLOGIES INC	347,728 (-14.9%)	$23.82M (-19.2%)	2.0%	$68.51	$72.32	-5.3%	COM	90353T100
GS	GOLDMAN SACHS GROUP INC	24,791 (-10.1%)	$22.32M (-19.9%)	1.9%	$900.36	$974.94	-7.7%	COM	38141G104
KLAC	KLA CORP	20,159 (-32.9%)	$3.93M (-56.7%)	0.3%	$194.93	$1498.69	-87.0%	COM NEW	482480100
TMO	THERMO FISHER SCIENTIFIC INC	86,028 (-31.2%)	$58.07M (-7.4%)	4.8%	$675.05	$505.59	+33.5%	COM	883556102
GOOGL	ALPHABET INC	246,262 (-1.4%)	$84.73M (-5.1%)	7.0%	$344.08	$177.40	+94.0%	CAP STK CL A	02079K305
AMAT	APPLIED MATLS INC	6,138 (-26.8%)	$3.139M (-48.2%)	0.3%	$511.38	$100.03	+411.2%	COM	038222105
TSLA	TESLA INC	12,417 (-15.2%)	$4.406M (-28.4%)	0.4%	$354.81	$397.72	-10.8%	COM	88160R101
LRCX	LAM RESEARCH CORP	5,686 (-24.8%)	$1.868M (-43.0%)	0.2%	$328.51	$223.72	+46.8%	COM NEW	512807306
AXP	AMERICAN EXPRESS CO	21,944 (-7.7%)	$6.673M (-17.0%)	0.6%	$304.10	$333.63	-8.9%	COM	025816109
LLY	ELI LILLY & CO	3,638 (-21.6%)	$4.209M (-24.4%)	0.3%	$1157.08	$1021.74	+13.2%	COM	532457108
RNR	RENAISSANCERE HLDGS LTD	9,020 (-32.3%)	$2.87M (-32.0%)	0.2%	$318.23	$232.32	+37.0%	COM	G7496G103
GE	GE AEROSPACE	5,025 (-34.8%)	$1.569M (-45.5%)	0.1%	$312.29	$313.08	-0.3%	COM NEW	369604301
C	CITIGROUP INC	51,568 (-8.7%)	$6.677M (-15.5%)	0.6%	$129.48	$114.92	+12.7%	COM NEW	172967424
GLW	CORNING INC	4,167 (-40.1%)	$641K (-63.9%)	0.1%	$153.76	$181.94	-15.5%	COM	219350105
PGR	PROGRESSIVE CORP	24,153 (-12.4%)	$5.007M (-16.9%)	0.4%	$207.31	$205.51	+0.9%	COM	743315103
ELV	ELEVANCE HEALTH INC FORMERLY	21,293 (-10.5%)	$8.279M (-10.0%)	0.7%	$388.82	$334.56	+16.2%	COM	036752103
IQV	IQVIA HLDGS INC	19,920 (-14.4%)	$5.355M (+19.1%)	0.4%	$268.85	$190.31	+41.3%	COM	46266C105
BKNG	BOOKING HOLDINGS INC	4,192 (-50.3%)	$683K (-54.6%)	0.1%	$162.91	$170.59	-4.5%	COM	09857L108
WDC	WESTERN DIGITAL CORP	1,535 (-34.8%)	$698K (-53.6%)	0.1%	$454.46	$486.23	-6.5%	COM	958102105
MRSH	MARSH & MCLENNAN COS INC	41,134 (-12.3%)	$7.023M (-10.2%)	0.6%	$170.73	$190.18	-10.2%	COM	571748102
NFLX	NETFLIX INC.	18,479 (-35.9%)	$1.286M (-37.5%)	0.1%	$69.58	$88.07	-21.0%	COM	64110L106
BK	BANK OF NY MELLON CORP	62,607 (-7.6%)	$9.055M (-7.6%)	0.8%	$144.63	$119.20	—	COM	064058100
BRK/B	BERKSHIRE HATHAWAY INC DEL	13,920 (-9.2%)	$6.931M (-9.6%)	0.6%	$497.95	$488.08	+2.0%	CL B NEW	084670702
AMD	ADVANCED MICRO DEVICES INC	6,853 (-18.3%)	$4.192M (-14.0%)	0.3%	$611.76	$409.99	+49.2%	COM	007903107
CDNS	CADENCE DESIGN SYSTEM INC	5,847 (-15.1%)	$1.931M (-25.3%)	0.2%	$330.19	$181.75	+81.7%	COM	127387108
PWR	QUANTA SVCS INC	1,140 (-40.7%)	$732K (-47.0%)	0.1%	$642.51	$683.53	-6.0%	COM	74762E102
ORLY	OREILLY AUTOMOTIVE INC	5,642 (-53.9%)	$482K (-57.2%)	0.0%	$85.41	$91.22	-6.4%	COM	67103H107
PANW	PALO ALTO NETWORKS INC	3,317 (-40.9%)	$1.318M (-31.2%)	0.1%	$397.31	$228.90	+73.6%	COM	697435105
BA	BOEING CO	3,360 (-38.3%)	$625K (-47.0%)	0.1%	$186.05	$222.48	-16.4%	COM	097023105
MCK	MCKESSON CORP	883 (-49.0%)	$754K (-42.3%)	0.1%	$853.81	$792.84	+7.7%	COM	58155Q103
SHW	SHERWIN WILLIAMS CO	1,834 (-44.2%)	$593K (-47.6%)	0.0%	$323.27	$319.45	+1.2%	COM	824348106
DE	DEERE & CO	3,316 (-23.4%)	$2.227M (-18.9%)	0.2%	$671.55	$579.22	+15.9%	COM	244199105
MELI	MERCADOLIBRE INC	958 (-24.9%)	$1.656M (-23.5%)	0.1%	$1728.53	$1929.33	-10.4%	COM	58733R102
VRTX	VERTEX PHARMACEUTICALS INC	1,332 (-44.7%)	$696K (-41.8%)	0.1%	$522.81	$443.19	+18.0%	COM	92532F100
ANET	ARISTA NETWORKS INC	4,835 (-44.0%)	$984K (-32.8%)	0.1%	$203.59	$157.08	+29.6%	COM SHS	040413205
SCHW	CHARLES SCHWAB CORP (THE)	90,975 (-10.2%)	$8.892M (-4.8%)	0.7%	$97.74	$96.38	+1.4%	COM	808513105
ORCL	ORACLE CORP	6,799 (-26.6%)	$934K (-31.2%)	0.1%	$137.30	$181.23	-24.2%	COM	68389X105
AAPL	APPLE INC	65,744 (-14.8%)	$21.89M (-1.9%)	1.8%	$333.02	$286.04	+16.4%	COM	037833100
PLTR	PALANTIR TECHNOLOGIES INC	9,996 (-19.5%)	$1.87M (+29.1%)	0.2%	$187.05	$136.41	+37.1%	CL A	69608A108
PNFP	PINNACLE FINL PARTNERS INC	14,384 (-16.8%)	$1.346M (-22.8%)	0.1%	$93.61	$95.97	-2.5%	COM	72348N109
HLT	HILTON WORLDWIDE HLDGS INC	2,516 (-29.3%)	$800K (-32.0%)	0.1%	$318.12	$328.65	-3.2%	COM	43300A203
COST	COSTCO WHOLESALE CORPORATION	1,886 (-15.7%)	$1.717M (-18.0%)	0.1%	$910.34	$996.37	-8.6%	COM	22160K105
LNG	CHENIERE ENERGY INC	2,790 (-40.2%)	$751K (-32.6%)	0.1%	$269.03	$249.08	+8.0%	COM NEW	16411R208
WMT	WALMART INC	12,859 (-13.8%)	$1.336M (-20.9%)	0.1%	$103.92	$124.14	-16.3%	COM	931142103
MAR	MARRIOTT INTL INC NEW	2,392 (-25.3%)	$851K (-28.3%)	0.1%	$355.67	$368.78	-3.6%	CL A	571903202
IDXX	IDEXX LABS INC	1,336 (-28.0%)	$698K (-28.6%)	0.1%	$522.19	$560.90	-6.9%	COM	45168D104
BSX	BOSTON SCIENTIFIC CORP	19,101 (-26.6%)	$834K (-25.0%)	0.1%	$43.65	$49.05	-11.0%	COM	101137107
CEG	CONSTELLATION ENERGY CORP	2,032 (-36.1%)	$516K (-34.6%)	0.0%	$254.02	$281.62	-9.8%	COM	21037T109
PDD	PDD HOLDINGS INC	8,755 (-29.5%)	$682K (-27.9%)	0.1%	$77.94	$92.38	-15.6%	SPONSORED ADS	722304102
ADSK	AUTODESK INC	10,267 (-16.5%)	$2.146M (-10.2%)	0.2%	$209.00	$227.93	-8.3%	COM	052769106
A	AGILENT TECHNOLOGIES INC	21,641 (-27.2%)	$3.729M (-5.5%)	0.3%	$172.31	$101.90	+69.1%	COM	00846U101
URI	UNITED RENTALS INC	655 (-9.7%)	$656K (-20.2%)	0.1%	$1000.78	$349.59	+186.3%	COM	911363109
HSIC	SCHEIN HENRY INC	31,439 (-6.1%)	$2.64M (-5.6%)	0.2%	$83.97	$77.13	+8.9%	COM	806407102
AWK	AMERICAN WTR WKS CO INC NEW	9,569 (-7.9%)	$1.239M (-9.4%)	0.1%	$129.47	$128.50	+0.8%	COM	030420103
CTAS	CINTAS CORP	18,814 (-15.7%)	$3.67M (-3.3%)	0.3%	$195.06	$169.71	+14.9%	COM	172908105
FTNT	FORTINET INC	4,841 (-20.7%)	$865K (-7.7%)	0.1%	$178.76	$115.56	+54.7%	COM	34959E109
NOW	SERVICENOW INC	14,506 (-26.3%)	$1.944M (-0.6%)	0.2%	$134.01	$175.26	-23.5%	COM	81762P102

Unchanged Positions (6)

META META PLATFORMS INC 0.7%

Value $8.92M Shares 12,301 Share Price $725.18 Est. Cost/Share $636.76 Unrealized @ Report Date +13.9%

MRVL MARVELL TECHNOLOGY INC 0.3%

Value $3.562M Shares 13,480 Share Price $264.21 Est. Cost/Share $95.67 Unrealized @ Report Date +176.2%

APP APPLOVIN CORP 0.0%

Value $409K Shares 1,408 Share Price $290.43 Est. Cost/Share $482.62 Unrealized @ Report Date -39.8%

VRT VERTIV HOLDINGS CO 0.1%

Value $727K Shares 3,013 Share Price $241.31 Est. Cost/Share $317.15 Unrealized @ Report Date -23.9%

CIEN CIENA CORP 0.0%

Value $580K Shares 1,648 Share Price $351.82 Est. Cost/Share $509.94 Unrealized @ Report Date -31.0%

AXTA AXALTA COATING SYS LTD 0.2%

Value $1.959M Shares 60,905 Share Price $32.16 Est. Cost/Share $31.39 Unrealized @ Report Date +2.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS INC	12,301	$8.92M	0.7%	$725.18	$636.76	+13.9%	CL A	30303M102
MRVL	MARVELL TECHNOLOGY INC	13,480	$3.562M	0.3%	$264.21	$95.67	+176.2%	COM	573874104
APP	APPLOVIN CORP	1,408	$409K	0.0%	$290.43	$482.62	-39.8%	COM CL A	03831W108
VRT	VERTIV HOLDINGS CO	3,013	$727K	0.1%	$241.31	$317.15	-23.9%	COM CL A	92537N108
CIEN	CIENA CORP	1,648	$580K	0.0%	$351.82	$509.94	-31.0%	COM NEW	171779309
AXTA	AXALTA COATING SYS LTD	60,905	$1.959M	0.2%	$32.16	$31.39	+2.5%	COM	G0750C108