Fisher Funds Management LTD Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EFX	EQUIFAX INC	128,154	$27,889	0.7%	$218.67	0.0%	COM	294429105
PAC	GRUPO AEROPUERTO DEL PACIFIC	99,446	$25,933	0.7%	$260.77	—	SPON ADS B	400506101
AXP	AMERICAN EXPRESS CO	36,256	$13,458	0.3%	$356.97	0.0%	COM	025816109
MELI	MERCADOLIBRE INC	4,755	$9,590	0.2%	$2100.46	0.0%	COM	58733R102
UBER	UBER TECHNOLOGIES INC	115,168	$9,427	0.2%	$90.05	0.0%	COM	90353T100
Q	QNITY ELECTRONICS	29,366	$2,413	0.1%	$84.91	0.0%	COMMON STOCK	74743L100
APTV	APTIV PLC	24,930	$1,898	0.0%	$80.28	0.0%	SHS	G3265R107

Increased Positions (24)

META META PLATFORMS INC 3.0%

Value ($000) $118,013 (+34.7%) Shares 178,531 (+49.7%) Est. Cost $612.15 Unrealized +9.0%

NVDA NVIDIA CORP 2.6%

Value ($000) $101,003 (+38.0%) Shares 538,479 (+37.3%) Est. Cost $147.96 Unrealized +25.8%

MSCI MSCI INC 1.7%

Value ($000) $65,646 (+47.1%) Shares 113,733 (+44.6%) Est. Cost $581.93 Unrealized -3.8%

MSFT MICROSOFT CORP 5.6%

Value ($000) $216,033 (+9.8%) Shares 445,659 (+17.3%) Est. Cost $432.19 Unrealized +15.8%

ODFL OLD DOMINION FREIGHT LINE IN 2.2%

Value ($000) $85,033 (+28.9%) Shares 538,799 (+15.0%) Est. Cost $151.36 Unrealized -5.4%

MCK MCKESSON CORP 0.7%

Value ($000) $28,841 (+184.6%) Shares 34,969 (+166.6%) Est. Cost $718.67 Unrealized +13.5%

CRM SALESFORCE COM INC 1.9%

Value ($000) $74,931 (+32.4%) Shares 282,465 (+18.3%) Est. Cost $293.67 Unrealized -15.5%

ICLR ICON PLC 2.4%

Value ($000) $93,208 (+23.6%) Shares 513,102 (+19.0%) Est. Cost $218.93 Unrealized -18.7%

NFLX NETFLIX INC 1.5%

Value ($000) $58,477 (+39.8%) Shares 622,895 (+1685.1%) Est. Cost $106.38 Unrealized +1.3%

WCN WASTE CONNECTIONS INC 0.7%

Value ($000) $28,151 (+81.3%) Shares 159,613 (+80.7%) Est. Cost $177.79 Unrealized -2.8%

PGR PROGRESSIVE CORP OHIO 0.9%

Value ($000) $36,301 (+33.3%) Shares 158,416 (+43.7%) Est. Cost $226.21 Unrealized -6.1%

HUM HUMANA INC 0.8%

Value ($000) $29,267 (+41.9%) Shares 113,467 (+43.1%) Est. Cost $262.41 Unrealized -0.4%

CCI CROWN CASTLE INC 0.7%

Value ($000) $28,141 (+37.4%) Shares 316,014 (+48.9%) Est. Cost $94.86 Unrealized -4.0%

IT GARTNER INC 1.1%

Value ($000) $41,283 (+22.3%) Shares 162,614 (+26.7%) Est. Cost $440.27 Unrealized -45.3%

AJG GALLAGHER ARTHUR J & CO 0.9%

Value ($000) $35,976 (+26.1%) Shares 137,840 (+49.7%) Est. Cost $282.49 Unrealized -6.5%

TEAM ATLASSIAN CORP PLC 1.4%

Value ($000) $54,440 (+13.4%) Shares 334,011 (+11.1%) Est. Cost $221.12 Unrealized -29.0%

NEE NEXTERA ENERGY INC 1.3%

Value ($000) $49,884 (+10.3%) Shares 619,640 (+3.5%) Est. Cost $69.34 Unrealized +19.0%

IBP INSTALLED BLDG PRODS INC 0.6%

Value ($000) $21,444 (+26.1%) Shares 82,848 (+20.2%) Est. Cost $217.09 Unrealized +19.0%

AMT AMERICAN TOWER CORP NEW 1.3%

Value ($000) $50,701 (+9.1%) Shares 287,681 (+19.1%) Est. Cost $195.45 Unrealized -7.8%

ASR GRUPO AEROPORTUARIO DEL SURE 0.4%

Value ($000) $14,749 (+12.2%) Shares 45,902 (+12.9%) Est. Cost $271.77 Unrealized —

NKE NIKE INC 0.9%

Value ($000) $34,948 (+4.1%) Shares 547,474 (+13.7%) Est. Cost $70.02 Unrealized -7.3%

EQIX EQUINIX INC 0.4%

Value ($000) $17,263 (+6.5%) Shares 22,503 (+8.7%) Est. Cost $888.21 Unrealized -12.0%

TW TRADEWEB MKTS INC 1.0%

Value ($000) $37,723 (+2.6%) Shares 348,380 (+5.2%) Est. Cost $133.03 Unrealized -19.3%

COST COSTCO WHSL CORP NEW 0.7%

Value ($000) $27,383 (+2.6%) Shares 31,698 (+10.0%) Est. Cost $978.11 Unrealized -7.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	178,531 (+49.7%)	$118,013 (+34.7%)	3.0%	$612.15	+9.0%	CL A	30303M102
NVDA	NVIDIA CORP	538,479 (+37.3%)	$101,003 (+38.0%)	2.6%	$147.96	+25.8%	COM	67066G104
MSCI	MSCI INC	113,733 (+44.6%)	$65,646 (+47.1%)	1.7%	$581.93	-3.8%	COM	55354G100
MSFT	MICROSOFT CORP	445,659 (+17.3%)	$216,033 (+9.8%)	5.6%	$432.19	+15.8%	COM	594918104
ODFL	OLD DOMINION FREIGHT LINE IN	538,799 (+15.0%)	$85,033 (+28.9%)	2.2%	$151.36	-5.4%	COM	679580100
MCK	MCKESSON CORP	34,969 (+166.6%)	$28,841 (+184.6%)	0.7%	$718.67	+13.5%	COM	58155Q103
CRM	SALESFORCE COM INC	282,465 (+18.3%)	$74,931 (+32.4%)	1.9%	$293.67	-15.5%	COM	79466L302
ICLR	ICON PLC	513,102 (+19.0%)	$93,208 (+23.6%)	2.4%	$218.93	-18.7%	SHS	G4705A100
NFLX	NETFLIX INC	622,895 (+1685.1%)	$58,477 (+39.8%)	1.5%	$106.38	+1.3%	COM	64110L106
WCN	WASTE CONNECTIONS INC	159,613 (+80.7%)	$28,151 (+81.3%)	0.7%	$177.79	-2.8%	COM	94106B101
PGR	PROGRESSIVE CORP OHIO	158,416 (+43.7%)	$36,301 (+33.3%)	0.9%	$226.21	-6.1%	COM	743315103
HUM	HUMANA INC	113,467 (+43.1%)	$29,267 (+41.9%)	0.8%	$262.41	-0.4%	COM	444859102
CCI	CROWN CASTLE INC	316,014 (+48.9%)	$28,141 (+37.4%)	0.7%	$94.86	-4.0%	COM	22822V101
IT	GARTNER INC	162,614 (+26.7%)	$41,283 (+22.3%)	1.1%	$440.27	-45.3%	COM	366651107
AJG	GALLAGHER ARTHUR J & CO	137,840 (+49.7%)	$35,976 (+26.1%)	0.9%	$282.49	-6.5%	COM	363576109
TEAM	ATLASSIAN CORP PLC	334,011 (+11.1%)	$54,440 (+13.4%)	1.4%	$221.12	-29.0%	CL A	049468101
NEE	NEXTERA ENERGY INC	619,640 (+3.5%)	$49,884 (+10.3%)	1.3%	$69.34	+19.0%	COM	65339F101
IBP	INSTALLED BLDG PRODS INC	82,848 (+20.2%)	$21,444 (+26.1%)	0.6%	$217.09	+19.0%	COM	45780R101
AMT	AMERICAN TOWER CORP NEW	287,681 (+19.1%)	$50,701 (+9.1%)	1.3%	$195.45	-7.8%	COM	03027X100
ASR	GRUPO AEROPORTUARIO DEL SURE	45,902 (+12.9%)	$14,749 (+12.2%)	0.4%	$271.77	—	SPON ADR SER B	40051E202
NKE	NIKE INC	547,474 (+13.7%)	$34,948 (+4.1%)	0.9%	$70.02	-7.3%	CL B	654106103
EQIX	EQUINIX INC	22,503 (+8.7%)	$17,263 (+6.5%)	0.4%	$888.21	-12.0%	COM	29444U700
TW	TRADEWEB MKTS INC	348,380 (+5.2%)	$37,723 (+2.6%)	1.0%	$133.03	-19.3%	CL A	892672106
COST	COSTCO WHSL CORP NEW	31,698 (+10.0%)	$27,383 (+2.6%)	0.7%	$978.11	-7.4%	COM	22160K105

Exited Positions (1)

EMR EMERSON ELEC CO 0.3%

Value ($000) $12,987 Shares 98,998 Est. Cost $119.02 Unrealized +11.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EMR	EMERSON ELEC CO	98,998	$12,987	0.3%	$119.02	+11.2%	—	291011104

Decreased Positions (22)

ISRG INTUITIVE SURGICAL INC 1.6%

Value ($000) $63,068 (-40.2%) Shares 110,764 (-53.1%) Est. Cost $525.90 Unrealized +1.2%

FISV FISERV INC 0.1%

Value ($000) $2,157 (-94.4%) Shares 32,022 (-89.4%) Est. Cost $174.86 Unrealized -52.0%

ASML ASML HOLDING N V 1.0%

Value ($000) $38,463 (-45.3%) Shares 35,905 (-50.5%) Est. Cost $692.20 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.4%

Value ($000) $16,121 (-60.3%) Shares 48,730 (-58.6%) Est. Cost $552.89 Unrealized -39.0%

GOOGL ALPHABET INC 3.6%

Value ($000) $138,069 (-13.7%) Shares 440,524 (-33.1%) Est. Cost $174.03 Unrealized +64.1%

FND FLOOR & DECOR HLDGS INC 1.4%

Value ($000) $54,503 (-27.8%) Shares 890,936 (-13.0%) Est. Cost $105.11 Unrealized -38.3%

DHR DANAHER CORPORATION 2.4%

Value ($000) $91,228 (-14.4%) Shares 397,715 (-26.0%) Est. Cost $235.82 Unrealized -6.9%

BSX BOSTON SCIENTIFIC CORP 0.9%

Value ($000) $35,473 (-24.8%) Shares 370,577 (-23.3%) Est. Cost $88.03 Unrealized +11.4%

CP CANADIAN PAC RY LTD 0.7%

Value ($000) $26,757 (-29.4%) Shares 362,901 (-28.6%) Est. Cost $76.44 Unrealized -3.7%

AVGO AVAGO TECHNOLOGIES LTD 2.0%

Value ($000) $78,158 (-11.6%) Shares 225,044 (-16.1%) Est. Cost $182.87 Unrealized +95.2%

ADBE ADOBE INC 0.5%

Value ($000) $18,878 (-33.1%) Shares 53,810 (-32.7%) Est. Cost $374.19 Unrealized -9.1%

UNP UNION PACIFIC CORP 0.7%

Value ($000) $26,675 (-25.4%) Shares 115,129 (-23.9%) Est. Cost $230.22 Unrealized -1.3%

MA MASTERCARD INCORPORATED 2.6%

Value ($000) $101,582 (-7.9%) Shares 177,303 (-8.6%) Est. Cost $517.74 Unrealized +8.0%

HCA HCA HOLDINGS INC 1.1%

Value ($000) $43,276 (-15.0%) Shares 92,756 (-22.3%) Est. Cost $356.50 Unrealized +30.1%

MLM MARTIN MARIETTA MATLS INC 0.9%

Value ($000) $36,289 (-16.3%) Shares 57,950 (-15.8%) Est. Cost $565.93 Unrealized +9.8%

AWK AMERICAN WTR WKS CO INC NEW 0.1%

Value ($000) $3,251 (-67.0%) Shares 24,871 (-64.9%) Est. Cost $131.37 Unrealized +1.4%

KKR KKR & CO INC 1.3%

Value ($000) $49,920 (-10.7%) Shares 390,887 (-9.1%) Est. Cost $129.89 Unrealized -4.3%

AMZN AMAZON COM INC 4.1%

Value ($000) $157,866 (+3.7%) Shares 683,197 (-1.5%) Est. Cost $205.85 Unrealized +11.1%

GOOG ALPHABET INC 0.6%

Value ($000) $25,164 (+22.0%) Shares 80,069 (-5.4%) Est. Cost $175.67 Unrealized +63.0%

CMS CMS ENERGY CORP 0.9%

Value ($000) $35,650 (-10.4%) Shares 508,558 (-6.4%) Est. Cost $66.51 Unrealized +9.0%

EW EDWARD LIFESCIENCES CORP 1.7%

Value ($000) $65,150 (-5.6%) Shares 761,899 (-14.2%) Est. Cost $70.55 Unrealized +16.3%

CSCO CISCO SYS INC 0.8%

Value ($000) $31,665 (+8.2%) Shares 409,822 (-4.2%) Est. Cost $55.37 Unrealized +33.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC	110,764 (-53.1%)	$63,068 (-40.2%)	1.6%	$525.90	+1.2%	COM NEW	46120E602
FISV	FISERV INC	32,022 (-89.4%)	$2,157 (-94.4%)	0.1%	$174.86	-52.0%	COM	337738108
ASML	ASML HOLDING N V	35,905 (-50.5%)	$38,463 (-45.3%)	1.0%	$692.20	—	N Y REGISTRY SHS	N07059210
UNH	UNITEDHEALTH GROUP INC	48,730 (-58.6%)	$16,121 (-60.3%)	0.4%	$552.89	-39.0%	COM	91324P102
GOOGL	ALPHABET INC	440,524 (-33.1%)	$138,069 (-13.7%)	3.6%	$174.03	+64.1%	CAP STK CL A	02079K305
FND	FLOOR & DECOR HLDGS INC	890,936 (-13.0%)	$54,503 (-27.8%)	1.4%	$105.11	-38.3%	CL A	339750101
DHR	DANAHER CORPORATION	397,715 (-26.0%)	$91,228 (-14.4%)	2.4%	$235.82	-6.9%	COM	235851102
BSX	BOSTON SCIENTIFIC CORP	370,577 (-23.3%)	$35,473 (-24.8%)	0.9%	$88.03	+11.4%	COM	101137107
CP	CANADIAN PAC RY LTD	362,901 (-28.6%)	$26,757 (-29.4%)	0.7%	$76.44	-3.7%	COM	13646K108
AVGO	AVAGO TECHNOLOGIES LTD	225,044 (-16.1%)	$78,158 (-11.6%)	2.0%	$182.87	+95.2%	SHS	11135F101
ADBE	ADOBE INC	53,810 (-32.7%)	$18,878 (-33.1%)	0.5%	$374.19	-9.1%	COM	00724F101
UNP	UNION PACIFIC CORP	115,129 (-23.9%)	$26,675 (-25.4%)	0.7%	$230.22	-1.3%	COM	907818108
MA	MASTERCARD INCORPORATED	177,303 (-8.6%)	$101,582 (-7.9%)	2.6%	$517.74	+8.0%	CL A	57636Q104
HCA	HCA HOLDINGS INC	92,756 (-22.3%)	$43,276 (-15.0%)	1.1%	$356.50	+30.1%	COM	40412C101
MLM	MARTIN MARIETTA MATLS INC	57,950 (-15.8%)	$36,289 (-16.3%)	0.9%	$565.93	+9.8%	COM	573284106
AWK	AMERICAN WTR WKS CO INC NEW	24,871 (-64.9%)	$3,251 (-67.0%)	0.1%	$131.37	+1.4%	COM	030420103
KKR	KKR & CO INC	390,887 (-9.1%)	$49,920 (-10.7%)	1.3%	$129.89	-4.3%	COM	48251W104
AMZN	AMAZON COM INC	683,197 (-1.5%)	$157,866 (+3.7%)	4.1%	$205.85	+11.1%	COM	023135106
GOOG	ALPHABET INC	80,069 (-5.4%)	$25,164 (+22.0%)	0.6%	$175.67	+63.0%	CAP STK CL C	02079K107
CMS	CMS ENERGY CORP	508,558 (-6.4%)	$35,650 (-10.4%)	0.9%	$66.51	+9.0%	COM	125896100
EW	EDWARD LIFESCIENCES CORP	761,899 (-14.2%)	$65,150 (-5.6%)	1.7%	$70.55	+16.3%	COM	28176E108
CSCO	CISCO SYS INC	409,822 (-4.2%)	$31,665 (+8.2%)	0.8%	$55.37	+33.3%	COM	17275R102

Unchanged Positions (113)

ORCL ORACLE CORP 0.7%

Value ($000) $28,682 Shares 146,578 Est. Cost $175.85 Unrealized +35.4%

ZTS ZOETIS INC 1.9%

Value ($000) $71,830 Shares 569,266 Est. Cost $169.58 Unrealized -23.2%

MU MICRON TECHNOLOGY INC 0.5%

Value ($000) $19,684 Shares 68,962 Est. Cost $101.25 Unrealized +126.5%

WBD WARNER BROS DISCOVERY INC 0.5%

Value ($000) $20,042 Shares 694,932 Est. Cost $9.29 Unrealized +151.5%

AAPL APPLE INC 2.4%

Value ($000) $91,209 Shares 334,785 Est. Cost $234.51 Unrealized +14.4%

AMAT APPLIED MATLS INC 0.5%

Value ($000) $20,771 Shares 81,063 Est. Cost $179.18 Unrealized +33.7%

MRK MERCK & CO INC 0.5%

Value ($000) $20,011 Shares 190,238 Est. Cost $98.70 Unrealized -5.5%

HD HOME DEPOT INC 0.6%

Value ($000) $22,220 Shares 64,302 Est. Cost $397.26 Unrealized -8.2%

JNJ JOHNSON & JOHNSON 0.8%

Value ($000) $32,325 Shares 156,053 Est. Cost $149.59 Unrealized +31.7%

LLY ELI LILLY & CO 0.3%

Value ($000) $11,268 Shares 10,451 Est. Cost $821.14 Unrealized +16.4%

STLD STEEL DYNAMICS INC 0.5%

Value ($000) $17,679 Shares 104,541 Est. Cost $130.47 Unrealized +21.4%

T AT&T INC 0.5%

Value ($000) $21,133 Shares 847,357 Est. Cost $21.51 Unrealized +17.5%

URI UNITED RENTALS INC 0.4%

Value ($000) $15,050 Shares 18,539 Est. Cost $804.87 Unrealized +7.7%

DD DUPONT DE NEMOURS INC 0.1%

Value ($000) $2,362 Shares 58,733 Est. Cost $33.84 Unrealized +10.5%

NUE NUCOR CORP 0.3%

Value ($000) $12,599 Shares 77,627 Est. Cost $140.88 Unrealized +6.3%

PH PARKER HANNIFIN CORP 0.4%

Value ($000) $14,760 Shares 16,739 Est. Cost $655.15 Unrealized +24.8%

LRCX LAM RESEARCH CORP 0.2%

Value ($000) $9,134 Shares 53,433 Est. Cost $74.98 Unrealized +107.2%

JPM JPMORGAN CHASE & CO 1.7%

Value ($000) $64,436 Shares 199,186 Est. Cost $246.78 Unrealized +25.4%

MDLZ MONDELEZ INTL INC 0.3%

Value ($000) $10,204 Shares 188,734 Est. Cost $63.61 Unrealized -10.3%

AMGN AMGEN INC 0.3%

Value ($000) $9,783 Shares 29,841 Est. Cost $286.05 Unrealized +10.5%

NEM NEWMONT MINING CORP 0.2%

Value ($000) $7,459 Shares 74,619 Est. Cost $44.64 Unrealized +102.1%

PG PROCTER & GAMBLE CO 0.4%

Value ($000) $16,718 Shares 116,244 Est. Cost $165.73 Unrealized -11.2%

VZ VERIZON COMMUNICATIONS INC 0.4%

Value ($000) $15,363 Shares 375,497 Est. Cost $39.40 Unrealized +2.8%

KMI KINDER MORGAN INC DEL 1.0%

Value ($000) $38,370 Shares 1,395,269 Est. Cost $24.88 Unrealized +8.2%

IBM INTERNATIONAL BUSINESS MACHS 0.6%

Value ($000) $22,335 Shares 75,339 Est. Cost $216.31 Unrealized +38.1%

WMB WILLIAMS COS INC 0.5%

Value ($000) $20,046 Shares 333,234 Est. Cost $51.72 Unrealized +16.1%

INTC INTEL CORP 0.3%

Value ($000) $11,273 Shares 304,713 Est. Cost $22.54 Unrealized +67.5%

F FORD MTR CO 0.3%

Value ($000) $10,738 Shares 816,282 Est. Cost $9.87 Unrealized +30.0%

DRTSW AMRIZE LTD 0.2%

Value ($000) $9,059 Shares 166,836 Est. Cost $49.55 Unrealized —

CAT CATERPILLAR INC DEL 0.1%

Value ($000) $5,736 Shares 10,023 Est. Cost $381.74 Unrealized +45.5%

BK BANK NEW YORK MELLON CORP 0.4%

Value ($000) $14,171 Shares 121,682 Est. Cost $75.52 Unrealized +46.3%

ADI ANALOG DEVICES INC 0.2%

Value ($000) $8,979 Shares 32,967 Est. Cost $216.79 Unrealized +15.6%

DHI D R HORTON INC 0.1%

Value ($000) $4,976 Shares 34,418 Est. Cost $164.94 Unrealized -7.8%

DLTR DOLLAR TREE INC 0.1%

Value ($000) $3,523 Shares 28,626 Est. Cost $68.64 Unrealized +56.1%

VRTX VERTEX PHARMACEUTICALS INC 0.2%

Value ($000) $5,863 Shares 12,898 Est. Cost $463.53 Unrealized -7.0%

DXCM DEXCOM INC 2.1%

Value ($000) $81,102 Shares 1,218,848 Est. Cost $75.90 Unrealized -14.8%

GILD GILEAD SCIENCES INC 0.2%

Value ($000) $7,329 Shares 59,571 Est. Cost $87.00 Unrealized +38.9%

KEYS KEYSIGHT TECHNOLOGIES INC 0.1%

Value ($000) $4,890 Shares 23,995 Est. Cost $161.18 Unrealized +15.1%

PPL PPL CORP 0.3%

Value ($000) $11,413 Shares 324,754 Est. Cost $31.71 Unrealized +13.0%

ELV ELEVANCE HEALTH INC 0.2%

Value ($000) $7,544 Shares 21,492 Est. Cost $409.27 Unrealized -17.7%

JCI JOHNSON CTLS INTL PLC 0.2%

Value ($000) $6,940 Shares 57,672 Est. Cost $79.25 Unrealized +44.9%

DE DEERE & CO 0.7%

Value ($000) $26,257 Shares 56,116 Est. Cost $440.68 Unrealized +6.1%

ABT ABBOTT LABS 0.2%

Value ($000) $8,797 Shares 70,035 Est. Cost $113.33 Unrealized +12.3%

BAC BANK AMER CORP 0.2%

Value ($000) $8,967 Shares 162,734 Est. Cost $42.83 Unrealized +23.0%

DOV DOVER CORP 0.1%

Value ($000) $3,651 Shares 18,657 Est. Cost $193.06 Unrealized -5.8%

LYB LYONDELLBASELL INDUSTRIES N 0.1%

Value ($000) $3,995 Shares 92,363 Est. Cost $75.68 Unrealized -41.3%

KMB KIMBERLY CLARK CORP 0.1%

Value ($000) $2,186 Shares 21,593 Est. Cost $130.11 Unrealized -16.7%

UPS UNITED PARCEL SERVICE INC 0.1%

Value ($000) $3,110 Shares 31,258 Est. Cost $122.34 Unrealized -24.2%

QCOM QUALCOMM INC 0.4%

Value ($000) $16,490 Shares 96,161 Est. Cost $159.52 Unrealized +7.1%

LOW LOWES COS INC 0.3%

Value ($000) $12,301 Shares 50,895 Est. Cost $261.54 Unrealized -8.3%

CMCSA COMCAST CORP NEW 0.2%

Value ($000) $9,313 Shares 311,422 Est. Cost $39.99 Unrealized -28.7%

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value ($000) $4,608 Shares 16,001 Est. Cost $244.13 Unrealized +11.5%

OMAB GRUPO AEROPORTUARIO DEL CENT 0.3%

Value ($000) $13,327 Shares 123,968 Est. Cost $69.02 Unrealized —

ON ON SEMICONDUCTOR CORP 0.1%

Value ($000) $4,775 Shares 87,729 Est. Cost $64.10 Unrealized -20.0%

BLK BLACKROCK INC 0.1%

Value ($000) $5,264 Shares 4,897 Est. Cost $961.85 Unrealized +13.3%

WAB WABTEC 0.2%

Value ($000) $6,905 Shares 32,238 Est. Cost $192.50 Unrealized +6.7%

CVS CVS HEALTH CORP 0.2%

Value ($000) $8,206 Shares 103,095 Est. Cost $53.65 Unrealized +46.6%

CI CIGNA CORPORATION 0.2%

Value ($000) $9,037 Shares 32,735 Est. Cost $311.40 Unrealized -10.3%

CRH CRH PLC 0.2%

Value ($000) $9,382 Shares 74,967 Est. Cost $95.29 Unrealized +25.0%

LIN LINDE PLC 0.1%

Value ($000) $3,414 Shares 7,991 Est. Cost $448.71 Unrealized -4.8%

BBY BEST BUY INC 0.1%

Value ($000) $2,759 Shares 41,103 Est. Cost $85.83 Unrealized -12.1%

AMD ADVANCED MICRO DEVICES 0.0%

Value ($000) $1,402 Shares 6,519 Est. Cost $161.38 Unrealized +39.2%

SPGI S&P GLOBAL INC 0.1%

Value ($000) $4,547 Shares 8,667 Est. Cost $503.12 Unrealized -1.8%

TEL TE CONNECTIVITY PLC 0.2%

Value ($000) $8,063 Shares 35,377 Est. Cost $146.82 Unrealized +57.5%

XYZ BLOCK INC 0.1%

Value ($000) $2,731 Shares 41,857 Est. Cost $82.04 Unrealized -15.9%

ALL ALLSTATE CORP 0.3%

Value ($000) $10,932 Shares 52,294 Est. Cost $189.83 Unrealized +7.5%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $1,955 Shares 33,417 Est. Cost $83.88 Unrealized -22.7%

TRV TRAVELERS COMPANIES INC 0.2%

Value ($000) $7,299 Shares 25,120 Est. Cost $244.86 Unrealized +14.6%

DAL DELTA AIR LINES INC DEL 0.0%

Value ($000) $1,564 Shares 22,548 Est. Cost $56.83 Unrealized +9.9%

EXC EXELON CORP 0.2%

Value ($000) $9,472 Shares 216,711 Est. Cost $37.26 Unrealized +22.0%

EBAY EBAY INC 0.2%

Value ($000) $6,330 Shares 72,684 Est. Cost $62.40 Unrealized +38.4%

EPD ENTERPRISE PRODS PARTNERS L 0.3%

Value ($000) $11,522 Shares 359,963 Est. Cost $31.43 Unrealized —

V VISA INC 0.2%

Value ($000) $9,071 Shares 25,796 Est. Cost $298.33 Unrealized +14.1%

ABBV ABBVIE INC 0.8%

Value ($000) $29,723 Shares 129,479 Est. Cost $177.41 Unrealized +28.3%

PNC PNC FINL SVCS GROUP INC 0.2%

Value ($000) $5,927 Shares 28,263 Est. Cost $189.31 Unrealized +1.8%

TSN TYSON FOODS INC 0.1%

Value ($000) $3,141 Shares 53,316 Est. Cost $58.04 Unrealized -5.9%

KDP KEURIG DR PEPPER INC 0.1%

Value ($000) $2,620 Shares 93,252 Est. Cost $32.57 Unrealized -16.4%

VST VISTRA CORP 0.0%

Value ($000) $1,026 Shares 6,334 Est. Cost $197.68 Unrealized -8.0%

PFE PFIZER INC 0.3%

Value ($000) $10,006 Shares 401,134 Est. Cost $25.12 Unrealized -0.3%

FERG FERGUSON ENTERPRISES INC 0.9%

Value ($000) $35,822 Shares 160,428 Est. Cost $188.49 Unrealized +26.2%

CBRE CBRE GROUP INC 0.2%

Value ($000) $8,222 Shares 50,913 Est. Cost $130.93 Unrealized +20.1%

C CITIGROUP INC 0.0%

Value ($000) $1,476 Shares 12,635 Est. Cost $94.11 Unrealized +10.1%

MMM 3M CO 0.1%

Value ($000) $5,538 Shares 34,510 Est. Cost $128.38 Unrealized +27.1%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $1,422 Shares 5,834 Est. Cost $217.80 Unrealized +2.0%

RCL ROYAL CARIBBEAN GROUP 0.0%

Value ($000) $1,109 Shares 3,971 Est. Cost $332.02 Unrealized -15.2%

CPAY CORPAY INC 0.1%

Value ($000) $3,554 Shares 11,751 Est. Cost $351.49 Unrealized -17.4%

MS MORGAN STANLEY 0.0%

Value ($000) $1,448 Shares 8,134 Est. Cost $146.45 Unrealized +13.7%

ATO ATMOS ENERGY CORP 0.2%

Value ($000) $8,297 Shares 49,500 Est. Cost $138.63 Unrealized +24.3%

DELL DELL TECHNOLOGIES INC 0.0%

Value ($000) $1,246 Shares 9,862 Est. Cost $129.18 Unrealized +9.0%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $1,440 Shares 15,395 Est. Cost $80.47 Unrealized +7.7%

MOH MOLINA HEALTHCARE INC 0.0%

Value ($000) $1,537 Shares 8,810 Est. Cost $308.81 Unrealized -46.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $32,711 Shares 64,785 Est. Cost $461.73 Unrealized +7.8%

KLAC KLA CORP 0.0%

Value ($000) $1,191 Shares 978 Est. Cost $930.36 Unrealized +26.0%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $1,426 Shares 1,622 Est. Cost $734.84 Unrealized +10.7%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $3,226 Shares 16,545 Est. Cost $225.20 Unrealized -15.8%

SRE SEMPRA ENERGY 0.1%

Value ($000) $5,693 Shares 64,547 Est. Cost $84.33 Unrealized +7.4%

VRT VERTIV HOLDINGS CO 0.0%

Value ($000) $1,511 Shares 9,298 Est. Cost $133.31 Unrealized +30.2%

NSC NORFOLK SOUTHERN CORP 0.1%

Value ($000) $2,570 Shares 8,885 Est. Cost $248.46 Unrealized +16.2%

AFL AFLAC INC 0.3%

Value ($000) $9,910 Shares 89,565 Est. Cost $106.42 Unrealized +3.2%

IBKR INTERACTIVE BROKERS GROUP IN 0.0%

Value ($000) $1,276 Shares 19,810 Est. Cost $62.79 Unrealized +6.5%

STZ CONSTELLATION BRANDS INC 0.1%

Value ($000) $2,944 Shares 21,311 Est. Cost $231.32 Unrealized -40.8%

EA ELECTRONIC ARTS INC 0.1%

Value ($000) $4,694 Shares 22,923 Est. Cost $153.06 Unrealized +31.8%

MDT MEDTRONIC PLC 0.1%

Value ($000) $5,373 Shares 55,772 Est. Cost $83.84 Unrealized +15.9%

NXPI NXP SEMICONDUCTORS NV 0.0%

Value ($000) $1,261 Shares 5,775 Est. Cost $223.02 Unrealized -4.2%

DOW DOW INC 0.1%

Value ($000) $2,684 Shares 115,112 Est. Cost $42.94 Unrealized -47.0%

EQR EQUITY RESIDENTIAL 0.0%

Value ($000) $1,762 Shares 27,824 Est. Cost $69.80 Unrealized -13.1%

HPE HEWLETT PACKARD ENTERPRISE C 0.0%

Value ($000) $1,284 Shares 53,694 Est. Cost $21.88 Unrealized +7.1%

AMP AMERIPRISE FINL INC 0.3%

Value ($000) $10,531 Shares 21,374 Est. Cost $526.39 Unrealized -10.0%

CCEP COCA-COLA EUROPACIFIC PARTNE 0.2%

Value ($000) $5,880 Shares 64,709 Est. Cost $74.60 Unrealized +20.1%

CTVA CORTEVA INC 0.1%

Value ($000) $2,950 Shares 43,937 Est. Cost $58.42 Unrealized +10.5%

MRVL MARVELL TECHNOLOGY INC 0.0%

Value ($000) $1,403 Shares 16,453 Est. Cost $73.50 Unrealized +19.0%

DIS DISNEY WALT CO 0.1%

Value ($000) $2,293 Shares 20,165 Est. Cost $103.52 Unrealized +5.8%

MCD MCDONALDS CORP 0.1%

Value ($000) $1,993 Shares 6,511 Est. Cost $290.22 Unrealized +5.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	146,578	$28,682	0.7%	$175.85	+35.4%	COM	68389X105
ZTS	ZOETIS INC	569,266	$71,830	1.9%	$169.58	-23.2%	CL A	98978V103
MU	MICRON TECHNOLOGY INC	68,962	$19,684	0.5%	$101.25	+126.5%	COM	595112103
WBD	WARNER BROS DISCOVERY INC	694,932	$20,042	0.5%	$9.29	+151.5%	COM SER A	934423104
AAPL	APPLE INC	334,785	$91,209	2.4%	$234.51	+14.4%	COM	037833100
AMAT	APPLIED MATLS INC	81,063	$20,771	0.5%	$179.18	+33.7%	COM	038222105
MRK	MERCK & CO INC	190,238	$20,011	0.5%	$98.70	-5.5%	COM	58933Y105
HD	HOME DEPOT INC	64,302	$22,220	0.6%	$397.26	-8.2%	COM	437076102
JNJ	JOHNSON & JOHNSON	156,053	$32,325	0.8%	$149.59	+31.7%	COM	478160104
LLY	ELI LILLY & CO	10,451	$11,268	0.3%	$821.14	+16.4%	COM	532457108
STLD	STEEL DYNAMICS INC	104,541	$17,679	0.5%	$130.47	+21.4%	COM	858119100
T	AT&T INC	847,357	$21,133	0.5%	$21.51	+17.5%	COM	00206R102
URI	UNITED RENTALS INC	18,539	$15,050	0.4%	$804.87	+7.7%	COM	911363109
DD	DUPONT DE NEMOURS INC	58,733	$2,362	0.1%	$33.84	+10.5%	COM	26614N102
NUE	NUCOR CORP	77,627	$12,599	0.3%	$140.88	+6.3%	COM	670346105
PH	PARKER HANNIFIN CORP	16,739	$14,760	0.4%	$655.15	+24.8%	COM	701094104
LRCX	LAM RESEARCH CORP	53,433	$9,134	0.2%	$74.98	+107.2%	COM	512807306
JPM	JPMORGAN CHASE & CO	199,186	$64,436	1.7%	$246.78	+25.4%	COM	46625H100
MDLZ	MONDELEZ INTL INC	188,734	$10,204	0.3%	$63.61	-10.3%	CL A	609207105
AMGN	AMGEN INC	29,841	$9,783	0.3%	$286.05	+10.5%	COM	031162100
NEM	NEWMONT MINING CORP	74,619	$7,459	0.2%	$44.64	+102.1%	COM	651639106
PG	PROCTER & GAMBLE CO	116,244	$16,718	0.4%	$165.73	-11.2%	COM	742718109
VZ	VERIZON COMMUNICATIONS INC	375,497	$15,363	0.4%	$39.40	+2.8%	COM	92343V104
KMI	KINDER MORGAN INC DEL	1,395,269	$38,370	1.0%	$24.88	+8.2%	COM	49456B101
IBM	INTERNATIONAL BUSINESS MACHS	75,339	$22,335	0.6%	$216.31	+38.1%	COM	459200101
WMB	WILLIAMS COS INC	333,234	$20,046	0.5%	$51.72	+16.1%	COM	969457100
INTC	INTEL CORP	304,713	$11,273	0.3%	$22.54	+67.5%	COM	458140100
F	FORD MTR CO	816,282	$10,738	0.3%	$9.87	+30.0%	COM	345370860
DRTSW	AMRIZE LTD	166,836	$9,059	0.2%	$49.55	—	SHS	M0740A116
CAT	CATERPILLAR INC DEL	10,023	$5,736	0.1%	$381.74	+45.5%	COM	149123101
BK	BANK NEW YORK MELLON CORP	121,682	$14,171	0.4%	$75.52	+46.3%	COM	064058100
ADI	ANALOG DEVICES INC	32,967	$8,979	0.2%	$216.79	+15.6%	COM	032654105
DHI	D R HORTON INC	34,418	$4,976	0.1%	$164.94	-7.8%	COM	23331A109
DLTR	DOLLAR TREE INC	28,626	$3,523	0.1%	$68.64	+56.1%	COM	256746108
VRTX	VERTEX PHARMACEUTICALS INC	12,898	$5,863	0.2%	$463.53	-7.0%	COM	92532F100
DXCM	DEXCOM INC	1,218,848	$81,102	2.1%	$75.90	-14.8%	COM	252131107
GILD	GILEAD SCIENCES INC	59,571	$7,329	0.2%	$87.00	+38.9%	COM	375558103
KEYS	KEYSIGHT TECHNOLOGIES INC	23,995	$4,890	0.1%	$161.18	+15.1%	COM	49338L103
PPL	PPL CORP	324,754	$11,413	0.3%	$31.71	+13.0%	COM	69351T106
ELV	ELEVANCE HEALTH INC	21,492	$7,544	0.2%	$409.27	-17.7%	COM	036752103
JCI	JOHNSON CTLS INTL PLC	57,672	$6,940	0.2%	$79.25	+44.9%	SHS	G51502105
DE	DEERE & CO	56,116	$26,257	0.7%	$440.68	+6.1%	COM	244199105
ABT	ABBOTT LABS	70,035	$8,797	0.2%	$113.33	+12.3%	COM	002824100
BAC	BANK AMER CORP	162,734	$8,967	0.2%	$42.83	+23.0%	COM	060505104
DOV	DOVER CORP	18,657	$3,651	0.1%	$193.06	-5.8%	COM	260003108
LYB	LYONDELLBASELL INDUSTRIES N	92,363	$3,995	0.1%	$75.68	-41.3%	SHS - A -	N53745100
KMB	KIMBERLY CLARK CORP	21,593	$2,186	0.1%	$130.11	-16.7%	COM	494368103
UPS	UNITED PARCEL SERVICE INC	31,258	$3,110	0.1%	$122.34	-24.2%	CL B	911312106
QCOM	QUALCOMM INC	96,161	$16,490	0.4%	$159.52	+7.1%	COM	747525103
LOW	LOWES COS INC	50,895	$12,301	0.3%	$261.54	-8.3%	COM	548661107
CMCSA	COMCAST CORP NEW	311,422	$9,313	0.2%	$39.99	-28.7%	CL A	20030N101
HLT	HILTON WORLDWIDE HLDGS INC	16,001	$4,608	0.1%	$244.13	+11.5%	COM	43300A203
OMAB	GRUPO AEROPORTUARIO DEL CENT	123,968	$13,327	0.3%	$69.02	—	SPON ADR	400501102
ON	ON SEMICONDUCTOR CORP	87,729	$4,775	0.1%	$64.10	-20.0%	COM	682189105
BLK	BLACKROCK INC	4,897	$5,264	0.1%	$961.85	+13.3%	COM	09290D101
WAB	WABTEC	32,238	$6,905	0.2%	$192.50	+6.7%	COM	929740108
CVS	CVS HEALTH CORP	103,095	$8,206	0.2%	$53.65	+46.6%	COM	126650100
CI	CIGNA CORPORATION	32,735	$9,037	0.2%	$311.40	-10.3%	COM	125523100
CRH	CRH PLC	74,967	$9,382	0.2%	$95.29	+25.0%	ORD	G25508105
LIN	LINDE PLC	7,991	$3,414	0.1%	$448.71	-4.8%	SHS	G54950103
BBY	BEST BUY INC	41,103	$2,759	0.1%	$85.83	-12.1%	COM	086516101
AMD	ADVANCED MICRO DEVICES	6,519	$1,402	0.0%	$161.38	+39.2%	COM	007903107
SPGI	S&P GLOBAL INC	8,667	$4,547	0.1%	$503.12	-1.8%	COM	78409V104
TEL	TE CONNECTIVITY PLC	35,377	$8,063	0.2%	$146.82	+57.5%	ORD SHS	G87052109
XYZ	BLOCK INC	41,857	$2,731	0.1%	$82.04	-15.9%	CL A	852234103
ALL	ALLSTATE CORP	52,294	$10,932	0.3%	$189.83	+7.5%	COM	020002101
PYPL	PAYPAL HLDGS INC	33,417	$1,955	0.1%	$83.88	-22.7%	COM	70450Y103
TRV	TRAVELERS COMPANIES INC	25,120	$7,299	0.2%	$244.86	+14.6%	COM	89417E109
DAL	DELTA AIR LINES INC DEL	22,548	$1,564	0.0%	$56.83	+9.9%	COM	247361702
EXC	EXELON CORP	216,711	$9,472	0.2%	$37.26	+22.0%	COM	30161N101
EBAY	EBAY INC	72,684	$6,330	0.2%	$62.40	+38.4%	COM	278642103
EPD	ENTERPRISE PRODS PARTNERS L	359,963	$11,522	0.3%	$31.43	—	COM	293792107
V	VISA INC	25,796	$9,071	0.2%	$298.33	+14.1%	COM CL A	92826C839
ABBV	ABBVIE INC	129,479	$29,723	0.8%	$177.41	+28.3%	COM	00287Y109
PNC	PNC FINL SVCS GROUP INC	28,263	$5,927	0.2%	$189.31	+1.8%	COM	693475105
TSN	TYSON FOODS INC	53,316	$3,141	0.1%	$58.04	-5.9%	CL A	902494103
KDP	KEURIG DR PEPPER INC	93,252	$2,620	0.1%	$32.57	-16.4%	COM	49271V100
VST	VISTRA CORP	6,334	$1,026	0.0%	$197.68	-8.0%	COM	92840M102
PFE	PFIZER INC	401,134	$10,006	0.3%	$25.12	-0.3%	COM	717081103
FERG	FERGUSON ENTERPRISES INC	160,428	$35,822	0.9%	$188.49	+26.2%	COMMON STOCK NEW	31488V107
CBRE	CBRE GROUP INC	50,913	$8,222	0.2%	$130.93	+20.1%	CL A	12504L109
C	CITIGROUP INC	12,635	$1,476	0.0%	$94.11	+10.1%	COM	172967424
MMM	3M CO	34,510	$5,538	0.1%	$128.38	+27.1%	COM	88579Y101
COF	CAPITAL ONE FINL CORP	5,834	$1,422	0.0%	$217.80	+2.0%	COM	14040H105
RCL	ROYAL CARIBBEAN GROUP	3,971	$1,109	0.0%	$332.02	-15.2%	COM	V7780T103
CPAY	CORPAY INC	11,751	$3,554	0.1%	$351.49	-17.4%	COM SHS	219948106
MS	MORGAN STANLEY	8,134	$1,448	0.0%	$146.45	+13.7%	COM NEW	617446448
ATO	ATMOS ENERGY CORP	49,500	$8,297	0.2%	$138.63	+24.3%	COM	049560105
DELL	DELL TECHNOLOGIES INC	9,862	$1,246	0.0%	$129.18	+9.0%	CL C	24703L202
WFC	WELLS FARGO CO NEW	15,395	$1,440	0.0%	$80.47	+7.7%	COM	949746101
MOH	MOLINA HEALTHCARE INC	8,810	$1,537	0.0%	$308.81	-46.8%	COM	60855R100
BRK/B	BERKSHIRE HATHAWAY INC DEL	64,785	$32,711	0.8%	$461.73	+7.8%	CL B NEW	084670702
KLAC	KLA CORP	978	$1,191	0.0%	$930.36	+26.0%	COM	482480100
GS	GOLDMAN SACHS GROUP INC	1,622	$1,426	0.0%	$734.84	+10.7%	COM	38141G104
BDX	BECTON DICKINSON & CO	16,545	$3,226	0.1%	$225.20	-15.8%	COM	075887109
SRE	SEMPRA ENERGY	64,547	$5,693	0.1%	$84.33	+7.4%	COM	816851109
VRT	VERTIV HOLDINGS CO	9,298	$1,511	0.0%	$133.31	+30.2%	CL A	92537N108
NSC	NORFOLK SOUTHERN CORP	8,885	$2,570	0.1%	$248.46	+16.2%	COM	655844108
AFL	AFLAC INC	89,565	$9,910	0.3%	$106.42	+3.2%	COM	001055102
IBKR	INTERACTIVE BROKERS GROUP IN	19,810	$1,276	0.0%	$62.79	+6.5%	CL A	45841N107
STZ	CONSTELLATION BRANDS INC	21,311	$2,944	0.1%	$231.32	-40.8%	CL A	21036P108
EA	ELECTRONIC ARTS INC	22,923	$4,694	0.1%	$153.06	+31.8%	COM	285512109
MDT	MEDTRONIC PLC	55,772	$5,373	0.1%	$83.84	+15.9%	SHS	G5960L103
NXPI	NXP SEMICONDUCTORS NV	5,775	$1,261	0.0%	$223.02	-4.2%	COM	N6596X109
DOW	DOW INC	115,112	$2,684	0.1%	$42.94	-47.0%	COM	260557103
EQR	EQUITY RESIDENTIAL	27,824	$1,762	0.0%	$69.80	-13.1%	SH BEN INT	29476L107
HPE	HEWLETT PACKARD ENTERPRISE C	53,694	$1,284	0.0%	$21.88	+7.1%	COM	42824C109
AMP	AMERIPRISE FINL INC	21,374	$10,531	0.3%	$526.39	-10.0%	COM	03076C106
CCEP	COCA-COLA EUROPACIFIC PARTNE	64,709	$5,880	0.2%	$74.60	+20.1%	SHS	G25839104
CTVA	CORTEVA INC	43,937	$2,950	0.1%	$58.42	+10.5%	COM	22052L104
MRVL	MARVELL TECHNOLOGY INC	16,453	$1,403	0.0%	$73.50	+19.0%	COM	573874104
DIS	DISNEY WALT CO	20,165	$2,293	0.1%	$103.52	+5.8%	COM	254687106
MCD	MCDONALDS CORP	6,511	$1,993	0.1%	$290.22	+5.1%	COM	580135101