Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Check Point Software Tech Ltd	92,784	$10.78M	4.6%	$106.53	—	COM	m22465104
—	Icon PLC	49,752	$10.28M	4.4%	$132.09	—	COM	g4705a100
SAP	Sap SE Sp ADR	71,089	$9.985M	4.2%	$82.65	—	ADR	803054204
—	Wipro Ltd Sp ADR 1 Sh	1,271,265	$9.929M	4.2%	$4.35	—	ADR	97651m109
—	Alibaba Group Holding Ltd Sp A	37,145	$8.424M	3.6%	$150.74	—	ADR	01609w102
INFY	Infosys Ltd Sp ADR	281,637	$5.968M	2.5%	$11.91	—	ADR	456788108
AAPL	Apple Inc	31,948	$4.376M	1.9%	$86.79	+45.7%	COM	037833100
—	Alphabet Inc Cap Stock Cl A	1,556	$3.799M	1.6%	$1107.57	—	COM	02079k305
—	Facebook Inc Cl A	10,295	$3.58M	1.5%	$159.55	—	COM	30303m102
MSFT	Microsoft Corp	10,319	$2.795M	1.2%	$165.15	+48.2%	COM	594918104
TSM	Taiwan Semiconductor Mfg Ltd S	23,049	$2.77M	1.2%	$27.28	—	ADR	874039100
—	Adobe Systems Inc	4,648	$2.722M	1.2%	$194.86	—	COM	00724f101
TMO	Thermo Fisher Scientific Inc	5,384	$2.716M	1.2%	$212.62	+119.2%	COM	883556102
BRK/B	Berkshire Hathaway Inc Cl B	9,374	$2.605M	1.1%	$279.44	0.0%	COM	084670702
—	Monster Beverage Corp	27,439	$2.507M	1.1%	$62.69	—	COM	61174x109
—	Accenture PLC Ireland Class A	8,275	$2.439M	1.0%	$113.29	—	COM	g1151c101
—	Unitedhealth Group Inc	5,907	$2.366M	1.0%	$207.27	—	COM	91324p102
HD	Home Depot Inc	7,127	$2.273M	1.0%	$171.59	+65.4%	COM	437076102
—	Mastercard Incorporated	6,214	$2.269M	1.0%	$114.07	—	COM	57636q104
—	Hp Inc	70,575	$2.131M	0.9%	$28.39	—	COM	40434l105
MCO	Moodys Corp	5,857	$2.122M	0.9%	$138.05	+132.0%	COM	615369105
TXN	Texas Instruments Inc	10,940	$2.104M	0.9%	$66.66	+146.3%	COM	882508104
KLAC	Kla Corporation	6,451	$2.092M	0.9%	$220.47	+38.3%	COM	482480100
—	Zozo Inc Unsponsored ADR	293,440	$2.083M	0.9%	$5.55	—	ADR	98979y106
—	Price T Rowe Group Inc	10,357	$2.05M	0.9%	$197.93	—	COM	74144t108
—	Dell Technologies Inc Cl C	20,351	$2.028M	0.9%	$83.69	—	COM	24703l202
—	Ihs Markit Ltd	17,359	$1.956M	0.8%	$48.77	—	COM	g47567105
—	Aon Plc	8,148	$1.945M	0.8%	$165.05	—	COM	g0403h108
—	Sibanye Stillwater Ltd Sp ADR	111,694	$1.869M	0.8%	$15.89	—	ADR	82575p107
—	Broadcom Ltd	3,887	$1.854M	0.8%	$318.60	—	COM	11135f101
ALL	Allstate Corp	14,084	$1.837M	0.8%	$98.09	+17.5%	COM	020002101
—	CGI Inc Cl A	19,898	$1.803M	0.8%	$68.76	—	COM	12532h104
TM	Toyota Motor Corp Sp ADR 2	10,168	$1.778M	0.8%	$120.94	—	ADR	892331307
—	Canadian Pacific Railway Ltd	23,078	$1.775M	0.8%	$115.08	—	COM	13645t100
RELX	Relx PLC Sp ADR	66,255	$1.767M	0.7%	$20.97	—	ADR	759530108
SHW	Sherwin Williams Co	6,429	$1.752M	0.7%	$224.50	+17.1%	COM	824348106
—	CDW Corp	9,880	$1.726M	0.7%	$66.84	—	COM	12514g108
ADI	Analog Devices Inc	9,968	$1.716M	0.7%	$89.35	+65.3%	COM	032654105
SHECY	Shin Etsu Chem Co Ltd ADR	40,730	$1.707M	0.7%	$32.78	—	ADR	824551105
BHP	BHP GROUP LTD	23,379	$1.703M	0.7%	$54.68	—	ADR	088606108
SNPS	Synopsys Inc	6,165	$1.7M	0.7%	$69.10	+267.3%	COM	871607107
BIO	Bio Rad Laboratories Inc Cl A	2,604	$1.678M	0.7%	$367.68	+65.5%	COM	090572207
NTDOY	Nintendo Ltd ADR	22,899	$1.661M	0.7%	$71.24	—	ADR	654445303
LOW	Lowes Cos Inc	8,549	$1.658M	0.7%	$175.40	+2.3%	COM	548661107
AME	Ametek Inc	12,400	$1.655M	0.7%	$50.18	+158.9%	COM	031100100
OTEX	Open Text Corp	32,516	$1.652M	0.7%	$30.97	+36.9%	COM	683715106
—	Verisk Analytics Inc	9,442	$1.65M	0.7%	$88.04	—	COM	92345y106
—	Logitech Intl SA	13,456	$1.627M	0.7%	$114.93	—	COM	h50430232
—	Oracle Corp	20,836	$1.622M	0.7%	$42.79	—	COM	68389x105
MTD	Mettler Toledo International	1,168	$1.617M	0.7%	$1096.55	+17.6%	COM	592688105
—	Headhunter Group PLC Sp ADS	37,897	$1.606M	0.7%	$15.97	—	ADR	42207l106
—	Recruit Holdings Co Ltd Unspon	161,540	$1.591M	0.7%	$8.41	—	ADR	75629j101
—	S&P Global Inc	3,824	$1.57M	0.7%	$140.89	—	COM	78409v104
AVY	Avery Dennison Corp	7,445	$1.565M	0.7%	$110.79	+75.2%	COM	053611109
RY	Royal Bank of Canada Montreal	15,402	$1.56M	0.7%	$62.28	+59.2%	COM	780087102
—	Comcast Corp New	27,346	$1.559M	0.7%	$44.47	—	COM	20030n101
—	Visa Inc Cl A	6,626	$1.549M	0.7%	$105.74	—	COM	92826c839
APH	Amphenol Corp New	22,257	$1.523M	0.6%	$22.38	+44.4%	COM	032095101
—	China Merchants Bank Co Ltd AD	35,300	$1.504M	0.6%	$42.61	—	ADR	16950t102
—	Netease Inc Sp ADR	12,972	$1.495M	0.6%	$165.69	—	ADR	64110w102
—	Allegion Pub Ltd Co	10,695	$1.49M	0.6%	$90.55	—	COM	g0176j109
—	Verisign Inc	6,525	$1.486M	0.6%	$193.26	—	COM	92343e102
ADM	Archer Daniels Midland Co	24,307	$1.473M	0.6%	$55.76	0.0%	COM	039483102
SKBSY	Skanska Ab Sp ADR	55,600	$1.471M	0.6%	$26.46	—	ADR	830561205
—	Telus Corp	64,852	$1.455M	0.6%	$24.31	—	COM	87971m103
—	Nvr Inc	292	$1.453M	0.6%	$2988.87	—	COM	62944t105
PEG	Public Service Enterprise Grou	24,228	$1.447M	0.6%	$40.61	+30.1%	COM	744573106
—	Trane Technologies PLC	7,855	$1.446M	0.6%	$82.61	—	COM	g8994e103
UPS	United Parcel Service Inc	6,937	$1.443M	0.6%	$117.34	+39.9%	COM	911312106
—	D R Horton Inc	15,937	$1.44M	0.6%	$68.93	—	COM	23331a109
—	Laboratory Corp America Holdin	5,199	$1.434M	0.6%	$161.74	—	COM	50540r409
—	AT&T Inc	48,931	$1.408M	0.6%	$34.05	—	COM	00206r102
—	Ameriprise Financial Inc	5,637	$1.403M	0.6%	$151.11	—	COM	03076c106
—	Cbre Group Inc	16,290	$1.397M	0.6%	$52.99	—	COM	12504l109
—	AmerisourceBergen Corp	12,183	$1.395M	0.6%	$83.20	—	COM	03073e105
GMAB	Genmab AS Sp ADS	34,096	$1.392M	0.6%	$36.60	—	ADR	372303206
NVO	Novo-Nordisk AS ADR	16,535	$1.385M	0.6%	$63.73	—	ADR	670100205
—	Edwards Lifesciences Corp	13,357	$1.383M	0.6%	$69.13	—	COM	28176e108
TRMB	Trimble Inc	16,821	$1.376M	0.6%	$39.78	+99.8%	COM	896239100
MRSH	Marsh & McLennan Cos Inc	9,750	$1.372M	0.6%	$93.00	+34.6%	COM	571748102
—	KKR & Co Inc Cl A	23,071	$1.367M	0.6%	$59.25	—	COM	48251w104
ROP	Roper Technologies Inc	2,864	$1.347M	0.6%	$216.89	+98.2%	COM	776696106
—	McKesson Corp	6,997	$1.338M	0.6%	$155.61	—	COM	58155q103
—	Iqvia Holdings Inc	5,512	$1.336M	0.6%	$99.03	—	COM	46266c105
SYK	Stryker Corp	5,085	$1.321M	0.6%	$89.33	+172.6%	COM	863667101
RIO	Rio Tinto PLC Sp ADR	15,720	$1.319M	0.6%	$58.85	—	COM	767204100
—	Veolia Environnement Sp ADR	42,685	$1.292M	0.5%	$21.21	—	ADR	92334n103
—	Ansys Inc	3,723	$1.292M	0.5%	$178.57	—	COM	03662q105
—	GlaxoSmithKline PLC Sp ADR	32,040	$1.276M	0.5%	$38.35	—	ADR	37733w105
MKTAY	Makita Corp Sp ADR	26,937	$1.266M	0.5%	$48.20	—	ADR	560877300
—	Vale SA ADR	53,965	$1.231M	0.5%	$17.38	—	ADR	91912e105
—	Vonovia SE ADR	37,600	$1.212M	0.5%	$34.35	—	ADR	92887h107
—	Novartis AG Sp ADR	13,239	$1.208M	0.5%	$96.13	—	ADR	66987v109
—	Intuitive Surgical Inc	1,298	$1.194M	0.5%	$416.34	—	COM	46120e602
MAS	Masco Corp	20,177	$1.189M	0.5%	$51.02	+10.8%	COM	574599106
PHG	Koninklijke Philips NV NY Reg	23,881	$1.187M	0.5%	$38.17	—	ADR	500472303
—	Trend Micro Inc Sp ADR	22,354	$1.177M	0.5%	$60.49	—	ADR	89486m206
—	Sirius XM Holdings Inc	175,784	$1.15M	0.5%	$5.56	—	COM	82968b103
—	AerCap Holdings NV	22,036	$1.128M	0.5%	$46.38	—	COM	n00985106
GD	General Dynamics Corp	5,973	$1.124M	0.5%	$106.60	+60.3%	COM	369550108
—	Booking Holdings Inc	509	$1.114M	0.5%	$1801.17	—	COM	09857l108
JNJ	Johnson & Johnson	6,651	$1.096M	0.5%	$88.73	+63.3%	COM	478160104
FTS	Fortis Inc	23,578	$1.043M	0.4%	$27.08	+39.3%	COM	349553107
WU	Western Un Co	43,890	$1.008M	0.4%	$26.78	—	COM	959802109
—	iShares MSCI China A	22,179	$984K	0.4%	$42.08	—	ETF	46434v514
—	Companhia Siderurgica Nacional	107,305	$942K	0.4%	$8.78	—	ADR	20440w105
ORANY	Orange Sp ADR	76,846	$879K	0.4%	$15.57	—	ADR	684060106
AMGN	Amgen Inc	3,606	$879K	0.4%	$149.56	+42.1%	COM	031162100
CTSH	Cognizant Technology Solutions	12,028	$833K	0.4%	$70.57	-1.9%	COM	192446102
—	Companhia Paranaense Energy Co	136,983	$790K	0.3%	$5.77	—	COM	20441b605
—	Ferguson PLC	4,717	$658K	0.3%	$120.09	—	ADR	g3421j106
AMZN	Amazon.com Inc	189	$649K	0.3%	$166.20	0.0%	COM	023135106
—	Inmode Ltd	6,656	$630K	0.3%	$28.34	—	COM	m5425m103
—	Auto Trader Group PLC Unsponso	254,500	$562K	0.2%	$2.02	—	ADR	05277e104
UNP	Union Pacific Corp	2,468	$543K	0.2%	$188.09	+6.5%	COM	907818108
SGIOY	Shionogi & Co Ltd Unsponsored	37,000	$481K	0.2%	$13.51	—	ADR	824667109
—	Otis Worldwide Corp	5,864	$480K	0.2%	$58.34	—	COM	68902v107
—	Daikin Industries Ltd Unsponso	24,950	$465K	0.2%	$20.20	—	ADR	23381b106
ELV	Anthem Inc	1,193	$456K	0.2%	$263.43	+36.1%	COM	036752103
BIDU	Baidu Inc Sp ADR A	2,047	$417K	0.2%	$217.55	—	ADR	056752108
WMT	Wal-Mart Stores Inc	2,522	$356K	0.2%	$45.12	-2.9%	COM	931142103
—	NVIDIA Corp	438	$350K	0.1%	$799.09	—	COM	67066g104
—	Paypal Hldgs Inc	1,196	$349K	0.1%	$242.50	—	COM	70450y103
—	Costco Wholesale Corp	743	$294K	0.1%	$352.49	—	COM	22160k105
PGR	Progressive Corp Ohio	2,980	$293K	0.1%	$80.60	+9.8%	COM	743315103
—	Mobile Telesystems PJSC Sp ADR	29,095	$269K	0.1%	$9.27	—	ADR	607409109
—	Tencent Music Entertainment Gr	17,248	$267K	0.1%	$17.96	—	ADR	88034p109
HUM	Humana Inc	601	$266K	0.1%	$383.05	+9.1%	COM	444859102
DHR	Danaher Corp	933	$250K	0.1%	$217.14	0.0%	COM	235851102
—	Sberbank Of Russia Sp ADR Ea R	13,530	$225K	0.1%	$16.63	—	ADR	80585y308