Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXPO	EXPONENT INC	60,882	$3.973M	3.7%	—	—	COM	30214U102
SIGI	SELECTIVE INS GROUP INC	51,500	$3.883M	3.6%	—	—	COM	816300107
GLD	SPDR GOLD TR	7,593	$3.267M	3.0%	—	—	GOLD SHS	78463V107
BAC	BANK AMERICA CORP	66,274	$3.231M	3.0%	—	—	COM	060505104
JNJ	JOHNSON & JOHNSON	11,619	$2.84M	2.7%	—	—	COM	478160104
FCFS	FIRSTCASH HOLDINGS INC	14,315	$2.691M	2.5%	—	—	COM	33768G107
BMI	BADGER METER INC	14,203	$2.164M	2.0%	—	—	COM	056525108
SCI	SERVICE CORP INTL	26,100	$2.154M	2.0%	—	—	COM	817565104
SCHW	SCHWAB CHARLES CORP	19,876	$1.868M	1.7%	—	—	COM	808513105
WMB	WILLIAMS COS INC	23,496	$1.71M	1.6%	—	—	COM	969457100
FER	FERROVIAL SE	25,073	$1.631M	1.5%	—	—	ORD SHS	N3168P101
MU	MICRON TECHNOLOGY INC	4,455	$1.505M	1.4%	—	—	COM	595112103
CAAP	CORPORACION AMER ARPTS S A	59,499	$1.505M	1.4%	—	—	COM	L1995B107
SITE	SITEONE LANDSCAPE SUPPLY INC	10,705	$1.425M	1.3%	—	—	COM	82982L103
CI	THE CIGNA GROUP	4,554	$1.215M	1.1%	—	—	COM	125523100
ARGX	ARGENX SE	1,653	$1.207M	1.1%	—	—	SPONSORED ADR	04016X101
ULTA	ULTA BEAUTY INC	2,059	$1.076M	1.0%	—	—	COM	90384S303
RTX	RTX CORPORATION	5,207	$1.004M	0.9%	—	—	COM	75513E101
TER	TERADYNE INC	3,026	$897K	0.8%	—	—	COM	880770102
GRMN	GARMIN LTD	3,630	$842K	0.8%	—	—	SHS	H2906T109
GL	GLOBE LIFE INC	5,877	$818K	0.8%	—	—	COM	37959E102
TKO	TKO GROUP HOLDINGS INC	3,871	$781K	0.7%	—	—	CL A	87256C101
ABBV	ABBVIE INC	3,508	$763K	0.7%	—	—	COM	00287Y109
KEYS	KEYSIGHT TECHNOLOGIES INC	2,379	$672K	0.6%	—	—	COM	49338L103
WST	WEST PHARMACEUTICAL SVSC INC	2,518	$631K	0.6%	—	—	COM	955306105
HLI	HOULIHAN LOKEY INC	4,122	$592K	0.6%	—	—	CL A	441593100
CACI	CACI INTL INC	1,043	$567K	0.5%	—	—	CL A	127190304
MUSA	MURPHY USA INC	1,125	$556K	0.5%	—	—	COM	626755102
LECO	LINCOLN ELEC HLDGS INC	2,129	$530K	0.5%	—	—	COM	533900106
SNA	SNAP ON INC	1,337	$486K	0.5%	—	—	COM	833034101
ORCL	ORACLE CORP	2,798	$412K	0.4%	—	—	COM	68389X105
EXR	EXTRA SPACE STORAGE INC	3,115	$408K	0.4%	—	—	COM	30225T102
META	META PLATFORMS INC	683	$391K	0.4%	—	—	CL A	30303M102
AMZN	AMAZON COM INC	1,591	$331K	0.3%	—	—	COM	023135106
MELI	MERCADOLIBRE INC	191	$330K	0.3%	—	—	COM	58733R102
ERIE	ERIE INDTY CO	1,257	$316K	0.3%	—	—	CL A	29530P102
DLR	DIGITAL RLTY TR INC	1,376	$248K	0.2%	—	—	COM	253868103
NOC	NORTHROP GRUMMAN CORP	343	$234K	0.2%	—	—	COM	666807102
CBRE	CBRE GROUP INC	1,726	$234K	0.2%	—	—	CL A	12504L109

Increased Positions (14)

WH WYNDHAM HOTELS & RESORTS INC 1.9%

Value $1.998M (+149.2%) Shares 24,592 (+131.8%) Est. Cost — Unrealized —

CIGI COLLIERS INTL GROUP INC 1.8%

Value $1.976M (-25.9%) Shares 18,483 (+2.0%) Est. Cost — Unrealized —

PSX PHILLIPS 66 1.4%

Value $1.534M (+63.8%) Shares 8,422 (+16.1%) Est. Cost — Unrealized —

MOH MOLINA HEALTHCARE INC 0.5%

Value $588K (+58.6%) Shares 4,409 (+106.5%) Est. Cost — Unrealized —

LAD LITHIA MTRS INC 1.3%

Value $1.369M (-10.9%) Shares 5,481 (+18.6%) Est. Cost — Unrealized —

BLD TOPBUILD COR 0.4%

Value $466K (+50.4%) Shares 1,327 (+78.6%) Est. Cost — Unrealized —

CCI CROWN CASTLE INC 2.5%

Value $2.66M (+5.6%) Shares 32,716 (+15.4%) Est. Cost — Unrealized —

ANET ARISTA NETWORKS INC 0.3%

Value $370K (+48.0%) Shares 3,013 (+58.0%) Est. Cost — Unrealized —

AXON AXON ENTERPRISE INC 0.8%

Value $820K (-12.5%) Shares 1,931 (+17.0%) Est. Cost — Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.7%

Value $703K (-10.1%) Shares 8,540 (+12.3%) Est. Cost — Unrealized —

IBP INSTALLED BLDG PRODS INC 0.9%

Value $944K (+7.9%) Shares 3,561 (+5.6%) Est. Cost — Unrealized —

DECK DECKERS OUTDOOR CORP 0.9%

Value $984K (+5.7%) Shares 9,831 (+9.4%) Est. Cost — Unrealized —

FISV FISERV INC 0.4%

Value $461K (+9.8%) Shares 8,263 (+32.1%) Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.9%

Value $995K (+3.1%) Shares 2,548 (+23.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WH	WYNDHAM HOTELS & RESORTS INC	24,592 (+131.8%)	$1.998M (+149.2%)	1.9%	—	—	COM	98311A105
CIGI	COLLIERS INTL GROUP INC	18,483 (+2.0%)	$1.976M (-25.9%)	1.8%	—	—	SUB VTG SHS	194693107
PSX	PHILLIPS 66	8,422 (+16.1%)	$1.534M (+63.8%)	1.4%	—	—	COM	718546104
MOH	MOLINA HEALTHCARE INC	4,409 (+106.5%)	$588K (+58.6%)	0.5%	—	—	COM	60855R100
LAD	LITHIA MTRS INC	5,481 (+18.6%)	$1.369M (-10.9%)	1.3%	—	—	COM	536797103
BLD	TOPBUILD COR	1,327 (+78.6%)	$466K (+50.4%)	0.4%	—	—	COM	89055F103
CCI	CROWN CASTLE INC	32,716 (+15.4%)	$2.66M (+5.6%)	2.5%	—	—	COM	22822V101
ANET	ARISTA NETWORKS INC	3,013 (+58.0%)	$370K (+48.0%)	0.3%	—	—	COM SHS	040413205
AXON	AXON ENTERPRISE INC	1,931 (+17.0%)	$820K (-12.5%)	0.8%	—	—	COM	05464C101
BLDR	BUILDERS FIRSTSOURCE INC	8,540 (+12.3%)	$703K (-10.1%)	0.7%	—	—	COM	12008R107
IBP	INSTALLED BLDG PRODS INC	3,561 (+5.6%)	$944K (+7.9%)	0.9%	—	—	COM	45780R101
DECK	DECKERS OUTDOOR CORP	9,831 (+9.4%)	$984K (+5.7%)	0.9%	—	—	COM	243537107
FISV	FISERV INC	8,263 (+32.1%)	$461K (+9.8%)	0.4%	—	—	COM	337738108
CRWD	CROWDSTRIKE HLDGS INC	2,548 (+23.7%)	$995K (+3.1%)	0.9%	—	—	CL A	22788C105

Exited Positions (35)

— FERROVIAL SE 2.9%

Value $3.079M Shares 47,652 Est. Cost — Unrealized —

RLI RLI CORP 2.5%

Value $2.629M Shares 41,088 Est. Cost — Unrealized —

CHTR CHARTER COMMUNICATIONS INC N 2.3%

Value $2.466M Shares 11,811 Est. Cost — Unrealized —

ATO ATMOS ENERGY CORP 2.1%

Value $2.212M Shares 13,197 Est. Cost — Unrealized —

LPLA LPL FINL HLDGS INC 2.0%

Value $2.122M Shares 5,940 Est. Cost — Unrealized —

CM CANADIAN IMPERIAL BANK OF CO 1.6%

Value $1.764M Shares 19,467 Est. Cost — Unrealized —

LMT LOCKHEED MARTIN CORP 1.5%

Value $1.584M Shares 3,274 Est. Cost — Unrealized —

CSW CSW INDUSTRIALS INC 1.4%

Value $1.55M Shares 5,280 Est. Cost — Unrealized —

IDXX IDEXX LABS INC 1.3%

Value $1.434M Shares 2,119 Est. Cost — Unrealized —

CASY CASEYS GEN STORES INC 1.3%

Value $1.346M Shares 2,435 Est. Cost — Unrealized —

TXN TEXAS INSTRS INC 1.1%

Value $1.189M Shares 6,851 Est. Cost — Unrealized —

TRV TRAVELERS COMPANIES INC 1.0%

Value $1.096M Shares 3,779 Est. Cost — Unrealized —

BAH BOOZ ALLEN HAMILTON HLDG COR 0.9%

Value $980K Shares 11,613 Est. Cost — Unrealized —

KNSL KINSALE CAP GROUP INC 0.9%

Value $977K Shares 2,498 Est. Cost — Unrealized —

SE SEA LTD 0.9%

Value $943K Shares 7,395 Est. Cost — Unrealized —

CMCSA COMCAST CORP NEW 0.9%

Value $919K Shares 32,802 Est. Cost — Unrealized —

WPM WHEATON PRECIOUS METALS CORP 0.7%

Value $781K Shares 6,643 Est. Cost — Unrealized —

XOM EXXON MOBIL CORP 0.7%

Value $761K Shares 6,323 Est. Cost — Unrealized —

TSCO TRACTOR SUPPLY CO 0.7%

Value $721K Shares 14,408 Est. Cost — Unrealized —

ASR GRUPO AEROPORTUARIO DEL SURE 0.6%

Value $663K Shares 2,049 Est. Cost — Unrealized —

RMD RESMED INC 0.6%

Value $650K Shares 2,699 Est. Cost — Unrealized —

MPWR MONOLITHIC PWR SYS INC 0.6%

Value $601K Shares 663 Est. Cost — Unrealized —

IEX IDEX CORP 0.5%

Value $544K Shares 3,056 Est. Cost — Unrealized —

PAYC PAYCOM SOFTWARE INC 0.4%

Value $475K Shares 2,980 Est. Cost — Unrealized —

TFII TFI INTL INC 0.4%

Value $467K Shares 4,514 Est. Cost — Unrealized —

CSGP COSTAR GROUP INC 0.4%

Value $420K Shares 6,247 Est. Cost — Unrealized —

LLY ELI LILLY & CO 0.4%

Value $412K Shares 383 Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO. 0.4%

Value $391K Shares 1,214 Est. Cost — Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 0.3%

Value $326K Shares 931 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.3%

Value $317K Shares 6,234 Est. Cost — Unrealized —

— COCA COLA CO 0.3%

Value $279K Shares 1,818 Est. Cost — Unrealized —

AVGO BROADCOM INC 0.3%

Value $277K Shares 799 Est. Cost — Unrealized —

MAIN MAIN STR CAP CORP 0.2%

Value $236K Shares 3,907 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.2%

Value $203K Shares 1,617 Est. Cost — Unrealized —

CHH CHOICE HOTELS INTL INC 0.2%

Value $202K Shares 2,122 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	FERROVIAL SE	47,652	$3.079M	2.9%	—	—	—	N3168P901
RLI	RLI CORP	41,088	$2.629M	2.5%	—	—	—	749607107
CHTR	CHARTER COMMUNICATIONS INC N	11,811	$2.466M	2.3%	—	—	—	16119P108
ATO	ATMOS ENERGY CORP	13,197	$2.212M	2.1%	—	—	—	049560105
LPLA	LPL FINL HLDGS INC	5,940	$2.122M	2.0%	—	—	—	50212V100
CM	CANADIAN IMPERIAL BANK OF CO	19,467	$1.764M	1.6%	—	—	—	136069101
LMT	LOCKHEED MARTIN CORP	3,274	$1.584M	1.5%	—	—	—	539830109
CSW	CSW INDUSTRIALS INC	5,280	$1.55M	1.4%	—	—	—	126402106
IDXX	IDEXX LABS INC	2,119	$1.434M	1.3%	—	—	—	45168D104
CASY	CASEYS GEN STORES INC	2,435	$1.346M	1.3%	—	—	—	147528103
TXN	TEXAS INSTRS INC	6,851	$1.189M	1.1%	—	—	—	882508104
TRV	TRAVELERS COMPANIES INC	3,779	$1.096M	1.0%	—	—	—	89417E109
BAH	BOOZ ALLEN HAMILTON HLDG COR	11,613	$980K	0.9%	—	—	—	099502106
KNSL	KINSALE CAP GROUP INC	2,498	$977K	0.9%	—	—	—	49714P108
SE	SEA LTD	7,395	$943K	0.9%	—	—	—	81141R100
CMCSA	COMCAST CORP NEW	32,802	$919K	0.9%	—	—	—	20030N101
WPM	WHEATON PRECIOUS METALS CORP	6,643	$781K	0.7%	—	—	—	962879102
XOM	EXXON MOBIL CORP	6,323	$761K	0.7%	—	—	—	30231G102
TSCO	TRACTOR SUPPLY CO	14,408	$721K	0.7%	—	—	—	892356106
ASR	GRUPO AEROPORTUARIO DEL SURE	2,049	$663K	0.6%	—	—	—	40051E202
RMD	RESMED INC	2,699	$650K	0.6%	—	—	—	761152107
MPWR	MONOLITHIC PWR SYS INC	663	$601K	0.6%	—	—	—	609839105
IEX	IDEX CORP	3,056	$544K	0.5%	—	—	—	45167R104
PAYC	PAYCOM SOFTWARE INC	2,980	$475K	0.4%	—	—	—	70432V102
TFII	TFI INTL INC	4,514	$467K	0.4%	—	—	—	87241L109
CSGP	COSTAR GROUP INC	6,247	$420K	0.4%	—	—	—	22160N109
LLY	ELI LILLY & CO	383	$412K	0.4%	—	—	—	532457108
JPM	JPMORGAN CHASE & CO.	1,214	$391K	0.4%	—	—	—	46625H100
ELV	ELEVANCE HEALTH INC FORMERLY	931	$326K	0.3%	—	—	—	036752103
NVO	NOVO-NORDISK A S	6,234	$317K	0.3%	—	—	—	670100205
—	COCA COLA CO	1,818	$279K	0.3%	—	—	—	191216900
AVGO	BROADCOM INC	799	$277K	0.3%	—	—	—	11135F101
MAIN	MAIN STR CAP CORP	3,907	$236K	0.2%	—	—	—	56035L104
ZTS	ZOETIS INC	1,617	$203K	0.2%	—	—	—	98978V103
CHH	CHOICE HOTELS INTL INC	2,122	$202K	0.2%	—	—	—	169905106

Decreased Positions (36)

TD TORONTO DOMINION BK ONT 1.2%

Value $1.28M (-67.0%) Shares 13,721 (-66.7%) Est. Cost — Unrealized —

SSD SIMPSON MFG INC 0.9%

Value $989K (-68.7%) Shares 5,765 (-70.6%) Est. Cost — Unrealized —

COP CONOCOPHILLIPS 0.6%

Value $591K (-71.6%) Shares 4,481 (-79.9%) Est. Cost — Unrealized —

SNEX STONEX GROUP INC 2.3%

Value $2.481M (-36.4%) Shares 30,763 (-25.0%) Est. Cost — Unrealized —

FNV FRANCO NEV CORP 0.2%

Value $266K (-84.2%) Shares 1,076 (-86.7%) Est. Cost — Unrealized —

NSC NORFOLK SOUTHN CORP 0.3%

Value $333K (-80.1%) Shares 1,162 (-80.0%) Est. Cost — Unrealized —

CHE CHEMED CORP NEW 2.1%

Value $2.224M (-31.4%) Shares 5,887 (-22.3%) Est. Cost — Unrealized —

DRI DARDEN RESTAURANTS INC 1.1%

Value $1.152M (-46.2%) Shares 5,877 (-49.5%) Est. Cost — Unrealized —

POOL POOL CORP 0.3%

Value $300K (-74.7%) Shares 1,485 (-71.4%) Est. Cost — Unrealized —

FIX COMFORT SYS USA INC 0.6%

Value $610K (-57.7%) Shares 442 (-71.4%) Est. Cost — Unrealized —

SUI SUN CMNTYS INC 0.6%

Value $677K (-54.8%) Shares 5,372 (-55.5%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 2.2%

Value $2.397M (-25.5%) Shares 8,336 (-18.9%) Est. Cost — Unrealized —

RGEN REPLIGEN CORP 0.8%

Value $815K (-48.8%) Shares 6,917 (-28.8%) Est. Cost — Unrealized —

TTC TORO CO 2.4%

Value $2.526M (-22.8%) Shares 27,034 (-34.9%) Est. Cost — Unrealized —

GNRC GENERAC HLDGS INC 0.8%

Value $867K (-43.2%) Shares 4,439 (-60.4%) Est. Cost — Unrealized —

VLO VALERO ENERGY CORP 0.8%

Value $846K (-43.3%) Shares 3,422 (-62.7%) Est. Cost — Unrealized —

ENSG ENSIGN GROUP INC 0.8%

Value $855K (-42.9%) Shares 4,241 (-50.6%) Est. Cost — Unrealized —

REXR REXFORD INDL RLTY INC 0.5%

Value $582K (-51.8%) Shares 17,771 (-43.0%) Est. Cost — Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 1.5%

Value $1.612M (-26.4%) Shares 4,877 (-12.4%) Est. Cost — Unrealized —

IESC IES HOLDINGS INC 1.5%

Value $1.563M (-26.7%) Shares 3,280 (-40.2%) Est. Cost — Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC D 2.0%

Value $2.164M (-20.1%) Shares 1,148 (-9.0%) Est. Cost — Unrealized —

FN FABRINET 1.7%

Value $1.831M (-19.0%) Shares 3,511 (-29.3%) Est. Cost — Unrealized —

VEEV VEEVA SYS INC 0.9%

Value $921K (-31.4%) Shares 5,244 (-12.8%) Est. Cost — Unrealized —

AAON AAON INC 0.7%

Value $791K (-34.4%) Shares 9,560 (-39.6%) Est. Cost — Unrealized —

UNH UNITEDHEALTH GROUP INC 1.4%

Value $1.479M (-21.6%) Shares 5,465 (-4.3%) Est. Cost — Unrealized —

NU NU HLDGS LTD 0.2%

Value $199K (-66.6%) Shares 13,844 (-61.1%) Est. Cost — Unrealized —

BX BLACKSTONE INC 0.2%

Value $206K (-62.0%) Shares 1,792 (-49.0%) Est. Cost — Unrealized —

FND FLOOR & DECOR HLDGS INC 0.2%

Value $234K (-57.2%) Shares 4,607 (-48.7%) Est. Cost — Unrealized —

MEDP MEDPACE HLDGS INC 0.7%

Value $748K (-29.4%) Shares 1,558 (-17.5%) Est. Cost — Unrealized —

PBR/A PETROLEO BRASILEIRO S A 2.6%

Value $2.837M (+10.8%) Shares 136,709 (-39.8%) Est. Cost — Unrealized —

PAC GRUPO AEROPORTUNARIO DEL PAC 0.5%

Value $517K (-30.0%) Shares 2,096 (-25.3%) Est. Cost — Unrealized —

WSM WILLIAMS SONOMA INC 1.1%

Value $1.221M (-13.0%) Shares 6,696 (-14.7%) Est. Cost — Unrealized —

JKHY HENRY JACK & ASSOC INC 0.5%

Value $528K (-20.1%) Shares 3,343 (-7.7%) Est. Cost — Unrealized —

SAIA SAIA INC 1.5%

Value $1.589M (-5.9%) Shares 4,524 (-12.5%) Est. Cost — Unrealized —

SRE SEMPRA 0.3%

Value $276K (-7.5%) Shares 2,841 (-15.9%) Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.7%

Value $748K (+2.5%) Shares 3,627 (-2.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TD	TORONTO DOMINION BK ONT	13,721 (-66.7%)	$1.28M (-67.0%)	1.2%	—	—	COM NEW	891160509
SSD	SIMPSON MFG INC	5,765 (-70.6%)	$989K (-68.7%)	0.9%	—	—	COM	829073105
COP	CONOCOPHILLIPS	4,481 (-79.9%)	$591K (-71.6%)	0.6%	—	—	COM	20825C104
SNEX	STONEX GROUP INC	30,763 (-25.0%)	$2.481M (-36.4%)	2.3%	—	—	COM	861896108
FNV	FRANCO NEV CORP	1,076 (-86.7%)	$266K (-84.2%)	0.2%	—	—	COM	351858105
NSC	NORFOLK SOUTHN CORP	1,162 (-80.0%)	$333K (-80.1%)	0.3%	—	—	COM	655844108
CHE	CHEMED CORP NEW	5,887 (-22.3%)	$2.224M (-31.4%)	2.1%	—	—	COM	16359R103
DRI	DARDEN RESTAURANTS INC	5,877 (-49.5%)	$1.152M (-46.2%)	1.1%	—	—	COM	237194105
POOL	POOL CORP	1,485 (-71.4%)	$300K (-74.7%)	0.3%	—	—	COM	73278L105
FIX	COMFORT SYS USA INC	442 (-71.4%)	$610K (-57.7%)	0.6%	—	—	COM	199908104
SUI	SUN CMNTYS INC	5,372 (-55.5%)	$677K (-54.8%)	0.6%	—	—	COM	866674104
GOOGL	ALPHABET INC	8,336 (-18.9%)	$2.397M (-25.5%)	2.2%	—	—	CAP STK CL A	02079K305
RGEN	REPLIGEN CORP	6,917 (-28.8%)	$815K (-48.8%)	0.8%	—	—	COM	759916109
TTC	TORO CO	27,034 (-34.9%)	$2.526M (-22.8%)	2.4%	—	—	COM	891092108
GNRC	GENERAC HLDGS INC	4,439 (-60.4%)	$867K (-43.2%)	0.8%	—	—	COM	368736104
VLO	VALERO ENERGY CORP	3,422 (-62.7%)	$846K (-43.3%)	0.8%	—	—	COM	91913Y100
ENSG	ENSIGN GROUP INC	4,241 (-50.6%)	$855K (-42.9%)	0.8%	—	—	COM	29358P101
REXR	REXFORD INDL RLTY INC	17,771 (-43.0%)	$582K (-51.8%)	0.5%	—	—	COM	76169C100
GPI	GROUP 1 AUTOMOTIVE INC	4,877 (-12.4%)	$1.612M (-26.4%)	1.5%	—	—	COM	398905109
IESC	IES HOLDINGS INC	3,280 (-40.2%)	$1.563M (-26.7%)	1.5%	—	—	COM	44951W106
FCNCA	FIRST CTZNS BANCSHARES INC D	1,148 (-9.0%)	$2.164M (-20.1%)	2.0%	—	—	CL A	31946M103
FN	FABRINET	3,511 (-29.3%)	$1.831M (-19.0%)	1.7%	—	—	SHS	G3323L100
VEEV	VEEVA SYS INC	5,244 (-12.8%)	$921K (-31.4%)	0.9%	—	—	CL A COM	922475108
AAON	AAON INC	9,560 (-39.6%)	$791K (-34.4%)	0.7%	—	—	COM PAR $0.004	000360206
UNH	UNITEDHEALTH GROUP INC	5,465 (-4.3%)	$1.479M (-21.6%)	1.4%	—	—	COM	91324P102
NU	NU HLDGS LTD	13,844 (-61.1%)	$199K (-66.6%)	0.2%	—	—	ORD SHS CL A	G6683N103
BX	BLACKSTONE INC	1,792 (-49.0%)	$206K (-62.0%)	0.2%	—	—	COM	09260D107
FND	FLOOR & DECOR HLDGS INC	4,607 (-48.7%)	$234K (-57.2%)	0.2%	—	—	CL A	339750101
MEDP	MEDPACE HLDGS INC	1,558 (-17.5%)	$748K (-29.4%)	0.7%	—	—	COM	58506Q109
PBR/A	PETROLEO BRASILEIRO S A	136,709 (-39.8%)	$2.837M (+10.8%)	2.6%	—	—	SP ADR NON VTG	71654V101
PAC	GRUPO AEROPORTUNARIO DEL PAC	2,096 (-25.3%)	$517K (-30.0%)	0.5%	—	—	SPON ADS B	400506101
WSM	WILLIAMS SONOMA INC	6,696 (-14.7%)	$1.221M (-13.0%)	1.1%	—	—	COM	969904101
JKHY	HENRY JACK & ASSOC INC	3,343 (-7.7%)	$528K (-20.1%)	0.5%	—	—	COM	426281101
SAIA	SAIA INC	4,524 (-12.5%)	$1.589M (-5.9%)	1.5%	—	—	COM	78709Y105
SRE	SEMPRA	2,841 (-15.9%)	$276K (-7.5%)	0.3%	—	—	COM	816851109
NET	CLOUDFLARE INC	3,627 (-2.1%)	$748K (+2.5%)	0.7%	—	—	CL A COM	18915M107

Unchanged Positions (1)

ABG ASBURY AUTOMOTIVE GROUP INC 2.5%

Value $2.665M Shares 13,636 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ABG	ASBURY AUTOMOTIVE GROUP INC	13,636	$2.665M	2.5%	—	—	COM	043436104