Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	136,632	$68.37M	2.1%	—	—	CL B NEW	084670702
SPGI	S&P GLOBAL INC	166,402	$67.77M	2.1%	—	—	COM	78409V104
AJG	GALLAGHER ARTHUR J & CO	224,273	$51.49M	1.6%	—	—	COM	363576109
UNH	UNITEDHEALTH GROUP INC	77,955	$32.4M	1.0%	—	—	COM	91324P102
HIG	HARTFORD INSURANCE GROUP INC	235,880	$31.26M	0.9%	—	—	COM	416515104
HUM	HUMANA INC	73,353	$29.14M	0.9%	—	—	COM	444859102
EQH	EQUITABLE HLDGS INC	445,828	$19.56M	0.6%	—	—	COM	29452E101
CRM	SALESFORCE INC	81,189	$12.72M	0.4%	—	—	COM	79466L302
CINF	CINCINNATI FINL CORP	68,404	$12.66M	0.4%	—	—	COM	172062101
CBRE	CBRE GROUP INC	87,501	$11.79M	0.4%	—	—	CL A	12504L109
XYZ	BLOCK INC	150,204	$11.42M	0.3%	—	—	CL A	852234103
HLI	HOULIHAN LOKEY INC	71,882	$9.642M	0.3%	—	—	CL A	441593100
LPLA	LPL FINL HLDGS INC	30,000	$8.45M	0.3%	—	—	CALL	50212V100
NDAQ	NASDAQ INC	75,000	$5.912M	0.2%	—	—	PUT	631103108
EFX	EQUIFAX INC	25,606	$4.064M	0.1%	—	—	COM	294429105
ACI	ALBERTSONS COMPANIES INC	261,985	$3.545M	0.1%	—	—	COMMON STOCK	013091103
IT	GARTNER INC	16,185	$2.098M	0.1%	—	—	COM	366651107
JEF	JEFFERIES FINANCIAL GROUP IN	40,000	$1.999M	0.1%	—	—	PUT	47233W109
BJ	BJS WHSL CLUB HLDGS INC	22,807	$1.989M	0.1%	—	—	COM	05550J101
SPY	STATE STR SPDR S&P 500 ETF T	1,997	$1.491M	0.0%	—	—	TR UNIT	78462F103
SHOP	SHOPIFY INC	9,304	$1.062M	0.0%	—	—	CL A SUB VTG SHS	82509L107
INVH	INVITATION HOMES INC	33,521	$1.013M	0.0%	—	—	COM	46187W107
NOW	SERVICENOW INC	9,908	$984K	0.0%	—	—	COM	81762P102
VIRT	VIRTU FINL INC	14,479	$863K	0.0%	—	—	CL A	928254101
COR	CENCORA INC	2,850	$806K	0.0%	—	—	COM	03073E105
ULTA	ULTA BEAUTY INC	1,411	$636K	0.0%	—	—	COM	90384S303
KKR	KKR & CO INC	5,542	$509K	0.0%	—	—	COM	48251W104
STEP	STEPSTONE GROUP INC	10,000	$414K	0.0%	—	—	CALL	85914M107
PANW	PALO ALTO NETWORKS INC	1,109	$378K	0.0%	—	—	COM	697435105
OWL	BLUE OWL CAPITAL INC	33,833	$296K	0.0%	—	—	COM CL A	09581B103
CRCL	CIRCLE INTERNET GROUP INC	3,973	$249K	0.0%	—	—	COM CL A	172573107
CME	CME GROUP INC	1,001	$221K	0.0%	—	—	COM	12572Q105
SFM	SPROUTS FMRS MKT INC	2,553	$216K	0.0%	—	—	COM	85208M102
AAP	ADVANCE AUTO PARTS INC	3,388	$211K	0.0%	—	—	COM	00751Y106
PNFP	PINNACLE FINL PARTNERS INC	2,081	$210K	0.0%	—	—	COM	72348N109

Increased Positions (44)

CB CHUBB LIMITED 5.1%

Value $167M (+3903.6%) Shares 490,074 (+3729.6%) Est. Cost — Unrealized —

CFG CITIZENS FINL GROUP INC 2.5%

Value $83.16M (+268.3%) Shares 1,186,851 (+215.2%) Est. Cost — Unrealized —

PHM PULTE GROUP INC 1.8%

Value $60.51M (+3944.7%) Shares 441,025 (+3366.9%) Est. Cost — Unrealized —

HD HOME DEPOT INC 4.2%

Value $140M (+33.9%) Shares 397,027 (+24.9%) Est. Cost — Unrealized —

HCA HCA HEALTHCARE INC 2.3%

Value $75.55M (+84.1%) Shares 193,779 (+123.4%) Est. Cost — Unrealized —

PAYX PAYCHEX INC 1.2%

Value $39.34M (+598.6%) Shares 400,110 (+554.4%) Est. Cost — Unrealized —

RGA REINSURANCE GROUP AMER INC 2.0%

Value $64.3M (+44.2%) Shares 302,383 (+38.4%) Est. Cost — Unrealized —

CTAS CINTAS CORP 0.6%

Value $19.28M (+2826.8%) Shares 113,370 (+2810.7%) Est. Cost — Unrealized —

DKS DICKS SPORTING GOODS INC 0.6%

Value $20.29M (+643.7%) Shares 89,442 (+550.2%) Est. Cost — Unrealized —

C CITIGROUP INC 0.5%

Value $17.33M (+1361.5%) Shares 123,824 (+1084.2%) Est. Cost — Unrealized —

LPLA LPL FINL HLDGS INC 2.7%

Value $89.83M (+20.8%) Shares 318,896 (+29.0%) Est. Cost — Unrealized —

LEN LENNAR CORP 2.6%

Value $86.45M (+17.3%) Shares 955,302 (+12.6%) Est. Cost — Unrealized —

RF REGIONS FINANCIAL CORP NEW 1.4%

Value $45.42M (+38.8%) Shares 1,504,131 (+20.1%) Est. Cost — Unrealized —

LNC LINCOLN NATL CORP IND 0.4%

Value $13.13M (+405.9%) Shares 371,356 (+408.0%) Est. Cost — Unrealized —

TGT TARGET CORP 1.3%

Value $42.95M (+28.9%) Shares 328,826 (+19.6%) Est. Cost — Unrealized —

UNM UNUM GROUP 0.3%

Value $11.22M (+569.8%) Shares 125,529 (+447.2%) Est. Cost — Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 1.4%

Value $45.02M (+26.3%) Shares 172,242 (+40.4%) Est. Cost — Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC D 0.8%

Value $27.21M (+26.2%) Shares 13,076 (+14.3%) Est. Cost — Unrealized —

ARES ARES MANAGEMENT CORPORATION 0.3%

Value $8.532M (+175.3%) Shares 76,647 (+169.8%) Est. Cost — Unrealized —

BX BLACKSTONE INC 0.2%

Value $7.267M (+293.8%) Shares 61,755 (+284.9%) Est. Cost — Unrealized —

AXS AXIS CAP HLDGS LTD 0.4%

Value $11.68M (+53.5%) Shares 108,700 (+44.9%) Est. Cost — Unrealized —

EPAM EPAM SYS INC 0.2%

Value $6.441M (-38.5%) Shares 81,171 (+4.9%) Est. Cost — Unrealized —

MC MOELIS & CO 0.4%

Value $14.34M (+38.8%) Shares 219,265 (+21.0%) Est. Cost — Unrealized —

FOUR SHIFT4 PMTS INC 0.2%

Value $6.358M (+105.1%) Shares 130,707 (+84.4%) Est. Cost — Unrealized —

RKT ROCKET COS INC 0.7%

Value $22.73M (+15.7%) Shares 1,443,447 (+4.7%) Est. Cost — Unrealized —

CG CARLYLE GROUP INC 1.0%

Value $34.26M (+8.8%) Shares 813,618 (+25.1%) Est. Cost — Unrealized —

STEP STEPSTONE GROUP INC 0.2%

Value $5.924M (+86.7%) Shares 143,222 (+115.4%) Est. Cost — Unrealized —

WCN WASTE CONNECTIONS INC 0.7%

Value $23.56M (+12.7%) Shares 141,324 (+9.8%) Est. Cost — Unrealized —

ZION ZIONS BANCORPORATION NATL AS 0.1%

Value $3.251M (+385.2%) Shares 46,989 (+304.0%) Est. Cost — Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.1%

Value $2.981M (+490.3%) Shares 66,461 (+485.0%) Est. Cost — Unrealized —

NDAQ NASDAQ INC 1.1%

Value $36.56M (+6.3%) Shares 463,850 (+14.5%) Est. Cost — Unrealized —

SF STIFEL FINL CORP 1.0%

Value $33.37M (+6.5%) Shares 478,332 (+12.8%) Est. Cost — Unrealized —

IVZ INVESCO LTD 0.1%

Value $2.933M (+155.7%) Shares 111,148 (+135.3%) Est. Cost — Unrealized —

WRB BERKLEY W R CORP 0.3%

Value $10.99M (+19.4%) Shares 155,851 (+12.2%) Est. Cost — Unrealized —

FAF FIRST AMERN FINL CORP 0.2%

Value $5.278M (+41.0%) Shares 76,953 (+24.0%) Est. Cost — Unrealized —

UWMC UWM HOLDINGS CORPORATION 0.0%

Value $1.394M (+208.2%) Shares 608,556 (+387.1%) Est. Cost — Unrealized —

MKTX MARKETAXESS HLDGS INC 0.1%

Value $4.299M (-17.5%) Shares 37,877 (+19.9%) Est. Cost — Unrealized —

BGC BGC GROUP INC 0.0%

Value $923K (+779.4%) Shares 86,329 (+704.6%) Est. Cost — Unrealized —

AZO AUTOZONE INC 0.0%

Value $1.029M (+242.3%) Shares 322 (+261.8%) Est. Cost — Unrealized —

FHN FIRST HORIZON CORPORATION 0.0%

Value $1.399M (+25.0%) Shares 54,576 (+11.0%) Est. Cost — Unrealized —

TW TRADEWEB MKTS INC 0.4%

Value $13.29M (-1.4%) Shares 133,335 (+16.4%) Est. Cost — Unrealized —

ROL ROLLINS INC 0.1%

Value $2.518M (-6.5%) Shares 60,321 (+19.6%) Est. Cost — Unrealized —

GFL GFL ENVIRONMENTAL INC 0.0%

Value $1.457M (-9.8%) Shares 39,597 (+2.3%) Est. Cost — Unrealized —

AFG AMERICAN FINANCIAL GROUP INC 0.0%

Value $707K (+12.1%) Shares 5,049 (+2.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CB	CHUBB LIMITED	490,074 (+3729.6%)	$167M (+3903.6%)	5.1%	—	—	COM	H1467J104
CFG	CITIZENS FINL GROUP INC	1,186,851 (+215.2%)	$83.16M (+268.3%)	2.5%	—	—	COM	174610105
PHM	PULTE GROUP INC	441,025 (+3366.9%)	$60.51M (+3944.7%)	1.8%	—	—	COM	745867101
HD	HOME DEPOT INC	397,027 (+24.9%)	$140M (+33.9%)	4.2%	—	—	COM	437076102
HCA	HCA HEALTHCARE INC	193,779 (+123.4%)	$75.55M (+84.1%)	2.3%	—	—	COM	40412C101
PAYX	PAYCHEX INC	400,110 (+554.4%)	$39.34M (+598.6%)	1.2%	—	—	COM	704326107
RGA	REINSURANCE GROUP AMER INC	302,383 (+38.4%)	$64.3M (+44.2%)	2.0%	—	—	COM NEW	759351604
CTAS	CINTAS CORP	113,370 (+2810.7%)	$19.28M (+2826.8%)	0.6%	—	—	COM	172908105
DKS	DICKS SPORTING GOODS INC	89,442 (+550.2%)	$20.29M (+643.7%)	0.6%	—	—	COM	253393102
C	CITIGROUP INC	123,824 (+1084.2%)	$17.33M (+1361.5%)	0.5%	—	—	COM NEW	172967424
LPLA	LPL FINL HLDGS INC	318,896 (+29.0%)	$89.83M (+20.8%)	2.7%	—	—	COM	50212V100
LEN	LENNAR CORP	955,302 (+12.6%)	$86.45M (+17.3%)	2.6%	—	—	CL A	526057104
RF	REGIONS FINANCIAL CORP NEW	1,504,131 (+20.1%)	$45.42M (+38.8%)	1.4%	—	—	COM	7591EP100
LNC	LINCOLN NATL CORP IND	371,356 (+408.0%)	$13.13M (+405.9%)	0.4%	—	—	COM	534187109
TGT	TARGET CORP	328,826 (+19.6%)	$42.95M (+28.9%)	1.3%	—	—	COM	87612E106
UNM	UNUM GROUP	125,529 (+447.2%)	$11.22M (+569.8%)	0.3%	—	—	COM	91529Y106
WTW	WILLIS TOWERS WATSON PLC LTD	172,242 (+40.4%)	$45.02M (+26.3%)	1.4%	—	—	SHS	G96629103
FCNCA	FIRST CTZNS BANCSHARES INC D	13,076 (+14.3%)	$27.21M (+26.2%)	0.8%	—	—	CL A	31946M103
ARES	ARES MANAGEMENT CORPORATION	76,647 (+169.8%)	$8.532M (+175.3%)	0.3%	—	—	CL A COM STK	03990B101
BX	BLACKSTONE INC	61,755 (+284.9%)	$7.267M (+293.8%)	0.2%	—	—	COM	09260D107
AXS	AXIS CAP HLDGS LTD	108,700 (+44.9%)	$11.68M (+53.5%)	0.4%	—	—	SHS	G0692U109
EPAM	EPAM SYS INC	81,171 (+4.9%)	$6.441M (-38.5%)	0.2%	—	—	COM	29414B104
MC	MOELIS & CO	219,265 (+21.0%)	$14.34M (+38.8%)	0.4%	—	—	CL A	60786M105
FOUR	SHIFT4 PMTS INC	130,707 (+84.4%)	$6.358M (+105.1%)	0.2%	—	—	CL A	82452J109
RKT	ROCKET COS INC	1,443,447 (+4.7%)	$22.73M (+15.7%)	0.7%	—	—	COM CL A	77311W101
CG	CARLYLE GROUP INC	813,618 (+25.1%)	$34.26M (+8.8%)	1.0%	—	—	COM	14316J108
STEP	STEPSTONE GROUP INC	143,222 (+115.4%)	$5.924M (+86.7%)	0.2%	—	—	COM CL A	85914M107
WCN	WASTE CONNECTIONS INC	141,324 (+9.8%)	$23.56M (+12.7%)	0.7%	—	—	COM	94106B101
ZION	ZIONS BANCORPORATION NATL AS	46,989 (+304.0%)	$3.251M (+385.2%)	0.1%	—	—	COM	989701107
BAM	BROOKFIELD ASSET MANAGMT LTD	66,461 (+485.0%)	$2.981M (+490.3%)	0.1%	—	—	CL A LMT VTG SHS	113004105
NDAQ	NASDAQ INC	463,850 (+14.5%)	$36.56M (+6.3%)	1.1%	—	—	COM	631103108
SF	STIFEL FINL CORP	478,332 (+12.8%)	$33.37M (+6.5%)	1.0%	—	—	COM	860630102
IVZ	INVESCO LTD	111,148 (+135.3%)	$2.933M (+155.7%)	0.1%	—	—	SHS	G491BT108
WRB	BERKLEY W R CORP	155,851 (+12.2%)	$10.99M (+19.4%)	0.3%	—	—	COM	084423102
FAF	FIRST AMERN FINL CORP	76,953 (+24.0%)	$5.278M (+41.0%)	0.2%	—	—	COM	31847R102
UWMC	UWM HOLDINGS CORPORATION	608,556 (+387.1%)	$1.394M (+208.2%)	0.0%	—	—	COM CL A	91823B109
MKTX	MARKETAXESS HLDGS INC	37,877 (+19.9%)	$4.299M (-17.5%)	0.1%	—	—	COM	57060D108
BGC	BGC GROUP INC	86,329 (+704.6%)	$923K (+779.4%)	0.0%	—	—	CL A	088929104
AZO	AUTOZONE INC	322 (+261.8%)	$1.029M (+242.3%)	0.0%	—	—	COM	053332102
FHN	FIRST HORIZON CORPORATION	54,576 (+11.0%)	$1.399M (+25.0%)	0.0%	—	—	COM	320517105
TW	TRADEWEB MKTS INC	133,335 (+16.4%)	$13.29M (-1.4%)	0.4%	—	—	CL A	892672106
ROL	ROLLINS INC	60,321 (+19.6%)	$2.518M (-6.5%)	0.1%	—	—	COM	775711104
GFL	GFL ENVIRONMENTAL INC	39,597 (+2.3%)	$1.457M (-9.8%)	0.0%	—	—	SUB VTG SHS	36168Q104
AFG	AMERICAN FINANCIAL GROUP INC	5,049 (+2.3%)	$707K (+12.1%)	0.0%	—	—	COM	025932104

Exited Positions (44)

AON AON PLC 3.2%

Value $104M Shares 323,458 Est. Cost — Unrealized —

MCO MOODYS CORP 2.5%

Value $81.22M Shares 186,187 Est. Cost — Unrealized —

CI THE CIGNA GROUP 1.7%

Value $57.09M Shares 214,012 Est. Cost — Unrealized —

COF CAPITAL ONE FINL CORP 1.0%

Value $33.94M Shares 186,027 Est. Cost — Unrealized —

AIZ ASSURANT INC 0.8%

Value $25.6M Shares 117,528 Est. Cost — Unrealized —

VOYA VOYA FINANCIAL INC 0.6%

Value $19.56M Shares 286,296 Est. Cost — Unrealized —

AMG AFFILIATED MANAGERS GROUP 0.5%

Value $17.01M Shares 61,489 Est. Cost — Unrealized —

ACGL ARCH CAP GROUP LTD 0.5%

Value $16.27M Shares 169,465 Est. Cost — Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.5%

Value $16.12M Shares 16,174 Est. Cost — Unrealized —

SPGI S&P GLOBAL INC 0.4%

Value $12.76M Shares 30,000 Est. Cost — Unrealized —

PYPL PAYPAL HLDGS INC 0.4%

Value $12.45M Shares 275,218 Est. Cost — Unrealized —

NTRS NORTHERN TR CORP 0.3%

Value $9.77M Shares 70,000 Est. Cost — Unrealized —

MS MORGAN STANLEY 0.3%

Value $9.481M Shares 57,609 Est. Cost — Unrealized —

MKL MARKEL GROUP INC 0.3%

Value $8.833M Shares 4,615 Est. Cost — Unrealized —

AMP AMERIPRISE FINL INC 0.2%

Value $6.99M Shares 15,730 Est. Cost — Unrealized —

ALLY ALLY FINL INC 0.2%

Value $6.919M Shares 176,363 Est. Cost — Unrealized —

AFRM AFFIRM HLDGS INC 0.2%

Value $6.625M Shares 144,592 Est. Cost — Unrealized —

TPG TPG INC 0.2%

Value $6.226M Shares 153,700 Est. Cost — Unrealized —

JLL JONES LANG LASALLE INC 0.2%

Value $6.054M Shares 19,892 Est. Cost — Unrealized —

DG DOLLAR GEN CORP 0.2%

Value $5.601M Shares 47,172 Est. Cost — Unrealized —

MIAX MIAMI INTL HLDGS INC 0.1%

Value $4.801M Shares 123,353 Est. Cost — Unrealized —

RDN RADIAN GROUP INC 0.1%

Value $4.655M Shares 140,726 Est. Cost — Unrealized —

TRU TRANSUNION 0.1%

Value $4.374M Shares 63,224 Est. Cost — Unrealized —

TOST TOAST INC 0.1%

Value $4.21M Shares 158,812 Est. Cost — Unrealized —

RYAN RYAN SPECIALTY HOLDINGS INC 0.1%

Value $4.105M Shares 121,657 Est. Cost — Unrealized —

DHI D R HORTON INC 0.1%

Value $3.644M Shares 26,555 Est. Cost — Unrealized —

FIGR FIGURE TECHNOLOGY SOLUTIO 0.1%

Value $2.443M Shares 71,949 Est. Cost — Unrealized —

TRI THOMSON REUTERS CORP 0.1%

Value $2.249M Shares 25,000 Est. Cost — Unrealized —

HLNE HAMILTON LANE INC 0.1%

Value $2.243M Shares 22,568 Est. Cost — Unrealized —

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value $1.57M Shares 17,012 Est. Cost — Unrealized —

PFSI PENNYMAC FINL SVCS INC NEW 0.0%

Value $1.522M Shares 17,410 Est. Cost — Unrealized —

CHYM CHIME FINL INC 0.0%

Value $1.213M Shares 64,759 Est. Cost — Unrealized —

ROST ROSS STORES INC 0.0%

Value $1.12M Shares 5,171 Est. Cost — Unrealized —

NSP INSPERITY INC 0.0%

Value $1.019M Shares 37,680 Est. Cost — Unrealized —

BURL BURLINGTON STORES INC 0.0%

Value $725K Shares 2,227 Est. Cost — Unrealized —

CRBG COREBRIDGE FINL INC 0.0%

Value $654K Shares 27,419 Est. Cost — Unrealized —

ARMK ARAMARK 0.0%

Value $631K Shares 15,571 Est. Cost — Unrealized —

ETOR ETORO GROUP LTD 0.0%

Value $631K Shares 21,000 Est. Cost — Unrealized —

BILL BILL HOLDINGS INC 0.0%

Value $601K Shares 15,700 Est. Cost — Unrealized —

BFH BREAD FINANCIAL HOLDINGS INC 0.0%

Value $263K Shares 3,513 Est. Cost — Unrealized —

CNC CENTENE CORP DEL 0.0%

Value $256K Shares 7,821 Est. Cost — Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 0.0%

Value $246K Shares 1,513 Est. Cost — Unrealized —

FIVE FIVE BELOW INC 0.0%

Value $229K Shares 1,003 Est. Cost — Unrealized —

BILL BILL HOLDINGS INC 0.0%

Value $204K Shares 5,318 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AON	AON PLC	323,458	$104M	3.2%	—	—	—	G0403H108
MCO	MOODYS CORP	186,187	$81.22M	2.5%	—	—	—	615369105
CI	THE CIGNA GROUP	214,012	$57.09M	1.7%	—	—	—	125523100
COF	CAPITAL ONE FINL CORP	186,027	$33.94M	1.0%	—	—	—	14040H105
AIZ	ASSURANT INC	117,528	$25.6M	0.8%	—	—	—	04621X108
VOYA	VOYA FINANCIAL INC	286,296	$19.56M	0.6%	—	—	—	929089100
AMG	AFFILIATED MANAGERS GROUP	61,489	$17.01M	0.5%	—	—	—	008252108
ACGL	ARCH CAP GROUP LTD	169,465	$16.27M	0.5%	—	—	—	G0450A105
COST	COSTCO WHOLESALE CORPORATION	16,174	$16.12M	0.5%	—	—	—	22160K105
SPGI	S&P GLOBAL INC	30,000	$12.76M	0.4%	—	—	PUT	78409V104
PYPL	PAYPAL HLDGS INC	275,218	$12.45M	0.4%	—	—	—	70450Y103
NTRS	NORTHERN TR CORP	70,000	$9.77M	0.3%	—	—	CALL	665859104
MS	MORGAN STANLEY	57,609	$9.481M	0.3%	—	—	—	617446448
MKL	MARKEL GROUP INC	4,615	$8.833M	0.3%	—	—	—	570535104
AMP	AMERIPRISE FINL INC	15,730	$6.99M	0.2%	—	—	—	03076C106
ALLY	ALLY FINL INC	176,363	$6.919M	0.2%	—	—	—	02005N100
AFRM	AFFIRM HLDGS INC	144,592	$6.625M	0.2%	—	—	—	00827B106
TPG	TPG INC	153,700	$6.226M	0.2%	—	—	—	872657101
JLL	JONES LANG LASALLE INC	19,892	$6.054M	0.2%	—	—	—	48020Q107
DG	DOLLAR GEN CORP	47,172	$5.601M	0.2%	—	—	—	256677105
MIAX	MIAMI INTL HLDGS INC	123,353	$4.801M	0.1%	—	—	—	59356Q108
RDN	RADIAN GROUP INC	140,726	$4.655M	0.1%	—	—	—	750236101
TRU	TRANSUNION	63,224	$4.374M	0.1%	—	—	—	89400J107
TOST	TOAST INC	158,812	$4.21M	0.1%	—	—	—	888787108
RYAN	RYAN SPECIALTY HOLDINGS INC	121,657	$4.105M	0.1%	—	—	—	78351F107
DHI	D R HORTON INC	26,555	$3.644M	0.1%	—	—	—	23331A109
FIGR	FIGURE TECHNOLOGY SOLUTIO	71,949	$2.443M	0.1%	—	—	—	349381103
TRI	THOMSON REUTERS CORP	25,000	$2.249M	0.1%	—	—	CALL	884903808
HLNE	HAMILTON LANE INC	22,568	$2.243M	0.1%	—	—	—	407497106
ORLY	OREILLY AUTOMOTIVE INC	17,012	$1.57M	0.0%	—	—	—	67103H107
PFSI	PENNYMAC FINL SVCS INC NEW	17,410	$1.522M	0.0%	—	—	—	70932M107
CHYM	CHIME FINL INC	64,759	$1.213M	0.0%	—	—	—	16935C109
ROST	ROSS STORES INC	5,171	$1.12M	0.0%	—	—	—	778296103
NSP	INSPERITY INC	37,680	$1.019M	0.0%	—	—	—	45778Q107
BURL	BURLINGTON STORES INC	2,227	$725K	0.0%	—	—	—	122017106
CRBG	COREBRIDGE FINL INC	27,419	$654K	0.0%	—	—	—	21871X109
ARMK	ARAMARK	15,571	$631K	0.0%	—	—	—	03852U106
ETOR	ETORO GROUP LTD	21,000	$631K	0.0%	—	—	CALL	G32089107
BILL	BILL HOLDINGS INC	15,700	$601K	0.0%	—	—	CALL	090043100
BFH	BREAD FINANCIAL HOLDINGS INC	3,513	$263K	0.0%	—	—	—	018581108
CNC	CENTENE CORP DEL	7,821	$256K	0.0%	—	—	—	15135B101
BR	BROADRIDGE FINL SOLUTIONS IN	1,513	$246K	0.0%	—	—	—	11133T103
FIVE	FIVE BELOW INC	1,003	$229K	0.0%	—	—	—	33829M101
BILL	BILL HOLDINGS INC	5,318	$204K	0.0%	—	—	—	090043100

Decreased Positions (43)

ICE INTERCONTINENTAL EXCHANGE IN 2.9%

Value $95.7M (-45.7%) Shares 777,394 (-30.7%) Est. Cost — Unrealized —

ACN ACCENTURE PLC IRELAND 0.3%

Value $8.664M (-87.4%) Shares 69,625 (-79.9%) Est. Cost — Unrealized —

RJF RAYMOND JAMES FINL INC 0.0%

Value $505K (-99.0%) Shares 3,320 (-99.1%) Est. Cost — Unrealized —

NTRS NORTHERN TR CORP 0.7%

Value $21.58M (-56.8%) Shares 124,142 (-65.3%) Est. Cost — Unrealized —

STT STATE STR CORP 1.8%

Value $58.25M (-32.2%) Shares 343,477 (-49.4%) Est. Cost — Unrealized —

SEIC SEI INVTS CO 0.4%

Value $12.21M (-66.5%) Shares 139,223 (-70.0%) Est. Cost — Unrealized —

LOW LOWES COS INC 0.2%

Value $7.517M (-72.4%) Shares 34,094 (-70.5%) Est. Cost — Unrealized —

BAC BANK OF AMER CORP 6.2%

Value $205M (+9.8%) Shares 3,592,203 (-6.1%) Est. Cost — Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.2%

Value $7.664M (-69.1%) Shares 34,270 (-74.2%) Est. Cost — Unrealized —

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value $592K (-96.6%) Shares 15,287 (-94.6%) Est. Cost — Unrealized —

BLK BLACKROCK INC 6.6%

Value $217M (-7.2%) Shares 225,738 (-7.1%) Est. Cost — Unrealized —

AIG AMERICAN INTL GROUP INC 1.1%

Value $35.27M (-30.4%) Shares 473,229 (-29.7%) Est. Cost — Unrealized —

HBAN HUNTINGTON BANCSHARES INC 4.2%

Value $140M (+11.4%) Shares 7,896,480 (-1.6%) Est. Cost — Unrealized —

FIS FIDELITY NATL INFORMATION SV 0.6%

Value $20.89M (-40.1%) Shares 537,335 (-27.8%) Est. Cost — Unrealized —

SSNC SS&C TECH HLDGS 0.5%

Value $15M (-45.2%) Shares 241,711 (-40.3%) Est. Cost — Unrealized —

CSGP COSTAR GROUP INC 0.3%

Value $10.1M (-51.4%) Shares 356,512 (-30.8%) Est. Cost — Unrealized —

ORCL ORACLE CORP 0.0%

Value $807K (-93.0%) Shares 5,509 (-92.9%) Est. Cost — Unrealized —

AMH AMERICAN HOMES 4 RENT 0.6%

Value $19.27M (-34.5%) Shares 574,859 (-45.4%) Est. Cost — Unrealized —

JEF JEFFERIES FINANCIAL GROUP IN 0.1%

Value $1.78M (-83.3%) Shares 35,608 (-86.2%) Est. Cost — Unrealized —

TFC TRUIST FINL CORP 3.8%

Value $127M (-6.4%) Shares 2,543,279 (-13.6%) Est. Cost — Unrealized —

NVR NVR INC 0.1%

Value $4.497M (-61.0%) Shares 660 (-62.2%) Est. Cost — Unrealized —

FICO FAIR ISAAC CORP 0.1%

Value $2.39M (-74.5%) Shares 2,000 (-77.2%) Est. Cost — Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 1.8%

Value $60.23M (-10.2%) Shares 155,742 (-32.0%) Est. Cost — Unrealized —

EG EVEREST GROUP LTD 0.5%

Value $14.88M (-30.7%) Shares 41,657 (-36.6%) Est. Cost — Unrealized —

KEY KEYCORP 2.6%

Value $84.69M (+8.4%) Shares 3,674,051 (-5.7%) Est. Cost — Unrealized —

COIN COINBASE GLOBAL INC 0.1%

Value $4.927M (-54.5%) Shares 33,705 (-45.6%) Est. Cost — Unrealized —

JKHY HENRY JACK & ASSOC INC 0.5%

Value $16.82M (-25.9%) Shares 122,126 (-15.0%) Est. Cost — Unrealized —

GL GLOBE LIFE INC 0.3%

Value $9.218M (-38.5%) Shares 51,589 (-52.1%) Est. Cost — Unrealized —

CPAY CORPAY INC 0.3%

Value $10.21M (-35.0%) Shares 30,633 (-43.2%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 5.6%

Value $183M (-2.5%) Shares 356,318 (-5.1%) Est. Cost — Unrealized —

WDAY WORKDAY INC 0.0%

Value $1.401M (-75.8%) Shares 11,444 (-74.3%) Est. Cost — Unrealized —

FISV FISERV INC 0.8%

Value $27.23M (-13.4%) Shares 555,228 (-1.5%) Est. Cost — Unrealized —

GPN GLOBAL PMTS INC 0.7%

Value $21.73M (-14.2%) Shares 299,462 (-20.4%) Est. Cost — Unrealized —

EVR EVERCORE INC 0.2%

Value $6.94M (-32.4%) Shares 20,325 (-40.9%) Est. Cost — Unrealized —

VRSK VERISK ANALYTICS INC 0.2%

Value $7.201M (-27.9%) Shares 40,113 (-23.8%) Est. Cost — Unrealized —

WFC WELLS FARGO & CO 3.2%

Value $107M (+2.6%) Shares 1,296,335 (-1.2%) Est. Cost — Unrealized —

BEN FRANKLIN RESOURCES INC 0.1%

Value $4.516M (-36.2%) Shares 135,726 (-54.7%) Est. Cost — Unrealized —

MOH MOLINA HEALTHCARE INC 0.2%

Value $6.055M (-16.0%) Shares 26,474 (-51.0%) Est. Cost — Unrealized —

PRI PRIMERICA INC 0.1%

Value $4.663M (-5.7%) Shares 16,406 (-16.9%) Est. Cost — Unrealized —

KLAR KLARNA GROUP PLC 0.0%

Value $326K (-40.6%) Shares 16,121 (-61.6%) Est. Cost — Unrealized —

LAZ LAZARD INC 0.2%

Value $5.46M (-2.6%) Shares 130,189 (-1.4%) Est. Cost — Unrealized —

KBH KB HOME 0.0%

Value $661K (-16.7%) Shares 10,568 (-31.2%) Est. Cost — Unrealized —

ETOR ETORO GROUP LTD 0.0%

Value $695K (-7.7%) Shares 17,597 (-29.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICE	INTERCONTINENTAL EXCHANGE IN	777,394 (-30.7%)	$95.7M (-45.7%)	2.9%	—	—	COM	45866F104
ACN	ACCENTURE PLC IRELAND	69,625 (-79.9%)	$8.664M (-87.4%)	0.3%	—	—	SHS CLASS A	G1151C101
RJF	RAYMOND JAMES FINL INC	3,320 (-99.1%)	$505K (-99.0%)	0.0%	—	—	COM	754730109
NTRS	NORTHERN TR CORP	124,142 (-65.3%)	$21.58M (-56.8%)	0.7%	—	—	COM	665859104
STT	STATE STR CORP	343,477 (-49.4%)	$58.25M (-32.2%)	1.8%	—	—	COM	857477103
SEIC	SEI INVTS CO	139,223 (-70.0%)	$12.21M (-66.5%)	0.4%	—	—	COM	784117103
LOW	LOWES COS INC	34,094 (-70.5%)	$7.517M (-72.4%)	0.2%	—	—	COM	548661107
BAC	BANK OF AMER CORP	3,592,203 (-6.1%)	$205M (+9.8%)	6.2%	—	—	COM	060505104
SPG	SIMON PPTY GROUP INC NEW	34,270 (-74.2%)	$7.664M (-69.1%)	0.2%	—	—	COM	828806109
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	15,287 (-94.6%)	$592K (-96.6%)	0.0%	—	—	CL A	192446102
BLK	BLACKROCK INC	225,738 (-7.1%)	$217M (-7.2%)	6.6%	—	—	COM	09290D101
AIG	AMERICAN INTL GROUP INC	473,229 (-29.7%)	$35.27M (-30.4%)	1.1%	—	—	COM NEW	026874784
HBAN	HUNTINGTON BANCSHARES INC	7,896,480 (-1.6%)	$140M (+11.4%)	4.2%	—	—	COM	446150104
FIS	FIDELITY NATL INFORMATION SV	537,335 (-27.8%)	$20.89M (-40.1%)	0.6%	—	—	COM	31620M106
SSNC	SS&C TECH HLDGS	241,711 (-40.3%)	$15M (-45.2%)	0.5%	—	—	COM	78467J100
CSGP	COSTAR GROUP INC	356,512 (-30.8%)	$10.1M (-51.4%)	0.3%	—	—	COM	22160N109
ORCL	ORACLE CORP	5,509 (-92.9%)	$807K (-93.0%)	0.0%	—	—	COM	68389X105
AMH	AMERICAN HOMES 4 RENT	574,859 (-45.4%)	$19.27M (-34.5%)	0.6%	—	—	CL A	02665T306
JEF	JEFFERIES FINANCIAL GROUP IN	35,608 (-86.2%)	$1.78M (-83.3%)	0.1%	—	—	COM	47233W109
TFC	TRUIST FINL CORP	2,543,279 (-13.6%)	$127M (-6.4%)	3.8%	—	—	COM	89832Q109
NVR	NVR INC	660 (-62.2%)	$4.497M (-61.0%)	0.1%	—	—	COM	62944T105
FICO	FAIR ISAAC CORP	2,000 (-77.2%)	$2.39M (-74.5%)	0.1%	—	—	COM	303250104
ELV	ELEVANCE HEALTH INC FORMERLY	155,742 (-32.0%)	$60.23M (-10.2%)	1.8%	—	—	COM	036752103
EG	EVEREST GROUP LTD	41,657 (-36.6%)	$14.88M (-30.7%)	0.5%	—	—	COM	G3223R108
KEY	KEYCORP	3,674,051 (-5.7%)	$84.69M (+8.4%)	2.6%	—	—	COM	493267108
COIN	COINBASE GLOBAL INC	33,705 (-45.6%)	$4.927M (-54.5%)	0.1%	—	—	COM CL A	19260Q107
JKHY	HENRY JACK & ASSOC INC	122,126 (-15.0%)	$16.82M (-25.9%)	0.5%	—	—	COM	426281101
GL	GLOBE LIFE INC	51,589 (-52.1%)	$9.218M (-38.5%)	0.3%	—	—	COM	37959E102
CPAY	CORPAY INC	30,633 (-43.2%)	$10.21M (-35.0%)	0.3%	—	—	COM SHS	219948106
MA	MASTERCARD INCORPORATED	356,318 (-5.1%)	$183M (-2.5%)	5.6%	—	—	CL A	57636Q104
WDAY	WORKDAY INC	11,444 (-74.3%)	$1.401M (-75.8%)	0.0%	—	—	CL A	98138H101
FISV	FISERV INC	555,228 (-1.5%)	$27.23M (-13.4%)	0.8%	—	—	COM	337738108
GPN	GLOBAL PMTS INC	299,462 (-20.4%)	$21.73M (-14.2%)	0.7%	—	—	COM	37940X102
EVR	EVERCORE INC	20,325 (-40.9%)	$6.94M (-32.4%)	0.2%	—	—	CLASS A	29977A105
VRSK	VERISK ANALYTICS INC	40,113 (-23.8%)	$7.201M (-27.9%)	0.2%	—	—	COM	92345Y106
WFC	WELLS FARGO & CO	1,296,335 (-1.2%)	$107M (+2.6%)	3.2%	—	—	COM	949746101
BEN	FRANKLIN RESOURCES INC	135,726 (-54.7%)	$4.516M (-36.2%)	0.1%	—	—	COM	354613101
MOH	MOLINA HEALTHCARE INC	26,474 (-51.0%)	$6.055M (-16.0%)	0.2%	—	—	COM	60855R100
PRI	PRIMERICA INC	16,406 (-16.9%)	$4.663M (-5.7%)	0.1%	—	—	COM	74164M108
KLAR	KLARNA GROUP PLC	16,121 (-61.6%)	$326K (-40.6%)	0.0%	—	—	SHS	G5279N105
LAZ	LAZARD INC	130,189 (-1.4%)	$5.46M (-2.6%)	0.2%	—	—	COM	52110M109
KBH	KB HOME	10,568 (-31.2%)	$661K (-16.7%)	0.0%	—	—	COM	48666K109
ETOR	ETORO GROUP LTD	17,597 (-29.8%)	$695K (-7.7%)	0.0%	—	—	SHS CL A	G32089107