EULAV Asset Management Diversified Active

CIK: 0001540826 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $3,749,042 (100.0% shares, 0.0% debt)

Holdings (145)

New Positions (4)

AZO AUTOZONE INC 0.9%

Value ($000) $33,915 Shares 10,000 Est. Cost $3777.86 Unrealized 0.0%

PH PARKER-HANNIFIN CORP 0.3%

Value ($000) $12,305 Shares 14,000 Est. Cost $817.77 Unrealized 0.0%

ORLY OREILLY AUTOMOTIVE INC 0.2%

Value ($000) $8,209 Shares 90,000 Est. Cost $97.70 Unrealized 0.0%

ENVA ENOVA INTL INC 0.1%

Value ($000) $1,886 Shares 12,000 Est. Cost $130.16 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	AUTOZONE INC	10,000	$33,915	0.9%	$3777.86	0.0%	COM	053332102
PH	PARKER-HANNIFIN CORP	14,000	$12,305	0.3%	$817.77	0.0%	COM	701094104
ORLY	OREILLY AUTOMOTIVE INC	90,000	$8,209	0.2%	$97.70	0.0%	COM	67103H107
ENVA	ENOVA INTL INC	12,000	$1,886	0.1%	$130.16	0.0%	COM	29357K103

Increased Positions (22)

WWD WOODWARD INC 1.4%

Value ($000) $52,607 (+83.2%) Shares 174,011 (+53.2%) Est. Cost $140.94 Unrealized +95.0%

BR BROADRIDGE FINL SOLUTIONS IN 0.5%

Value ($000) $19,193 (+168.6%) Shares 86,000 (+186.7%) Est. Cost $234.26 Unrealized -3.0%

NOW SERVICENOW INC 1.3%

Value ($000) $48,457 (-18.2%) Shares 316,320 (+391.5%) Est. Cost $146.63 Unrealized +17.0%

RBC RBC BEARINGS INC 1.1%

Value ($000) $40,852 (+33.2%) Shares 91,100 (+15.9%) Est. Cost $203.29 Unrealized +108.3%

SPXC SPX TECHNOLOGIES INC 0.6%

Value ($000) $23,307 (+73.3%) Shares 116,500 (+61.8%) Est. Cost $191.85 Unrealized —

MSTR STRATEGY INC 0.6%

Value ($000) $20,969 (-24.8%) Shares 138,000 (+59.5%) Est. Cost $212.63 Unrealized +8.3%

MU MICRON TECHNOLOGY INC 0.4%

Value ($000) $15,130 (+80.8%) Shares 53,011 (+6.0%) Est. Cost $98.42 Unrealized +133.0%

AMZN AMAZON COM INC 1.0%

Value ($000) $38,781 (+20.5%) Shares 168,013 (+14.7%) Est. Cost $133.82 Unrealized +71.0%

CRWV COREWEAVE INC 0.4%

Value ($000) $13,248 (-28.3%) Shares 185,000 (+37.0%) Est. Cost $113.73 Unrealized -10.9%

WTS WATTS WATER TECHNOLOGIES INC 0.8%

Value ($000) $31,647 (+14.4%) Shares 114,656 (+15.7%) Est. Cost $161.55 Unrealized +70.8%

NFLX NETFLIX INC 0.7%

Value ($000) $25,596 (-12.9%) Shares 273,000 (+1014.1%) Est. Cost $100.78 Unrealized +7.0%

MA MASTERCARD INCORPORATED 0.4%

Value ($000) $16,355 (+30.0%) Shares 28,649 (+29.6%) Est. Cost $269.10 Unrealized +107.7%

COIN COINBASE GLOBAL INC 0.7%

Value ($000) $26,458 (-11.9%) Shares 117,000 (+31.5%) Est. Cost $247.53 Unrealized +20.4%

UBER UBER TECHNOLOGIES INC 0.8%

Value ($000) $30,723 (-10.1%) Shares 376,000 (+7.7%) Est. Cost $47.46 Unrealized +89.7%

META META PLATFORMS INC 1.4%

Value ($000) $51,490 (-5.3%) Shares 78,005 (+5.4%) Est. Cost $228.26 Unrealized +192.3%

AVGO BROADCOM INC 0.8%

Value ($000) $31,506 (+9.7%) Shares 91,030 (+4.6%) Est. Cost $195.63 Unrealized +82.5%

SSD SIMPSON MFG INC 0.2%

Value ($000) $7,137 (+29.1%) Shares 44,200 (+33.9%) Est. Cost $175.89 Unrealized -4.1%

ENSG ENSIGN GROUP INC 0.8%

Value ($000) $28,238 (+2.7%) Shares 162,100 (+1.9%) Est. Cost $91.93 Unrealized +95.4%

GATX GATX CORP 0.5%

Value ($000) $16,977 (+1.9%) Shares 100,100 (+5.0%) Est. Cost $141.27 Unrealized +16.3%

MSFT MICROSOFT CORP 0.8%

Value ($000) $29,033 (-0.8%) Shares 60,032 (+6.2%) Est. Cost $218.62 Unrealized +129.0%

AIT APPLIED INDL TECHNOLOGIES IN 0.7%

Value ($000) $26,216 (+0.3%) Shares 102,100 (+2.0%) Est. Cost $189.92 Unrealized +34.3%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $6,303 (+0.8%) Shares 43,000 (+22.9%) Est. Cost $142.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WWD	WOODWARD INC	174,011 (+53.2%)	$52,607 (+83.2%)	1.4%	$140.94	+95.0%	COM	980745103
BR	BROADRIDGE FINL SOLUTIONS IN	86,000 (+186.7%)	$19,193 (+168.6%)	0.5%	$234.26	-3.0%	COM	11133T103
NOW	SERVICENOW INC	316,320 (+391.5%)	$48,457 (-18.2%)	1.3%	$146.63	+17.0%	COM	81762P102
RBC	RBC BEARINGS INC	91,100 (+15.9%)	$40,852 (+33.2%)	1.1%	$203.29	+108.3%	COM	75524B104
SPXC	SPX TECHNOLOGIES INC	116,500 (+61.8%)	$23,307 (+73.3%)	0.6%	$191.85	—	COM	78473E103
MSTR	STRATEGY INC	138,000 (+59.5%)	$20,969 (-24.8%)	0.6%	$212.63	+8.3%	CL A NEW	594972408
MU	MICRON TECHNOLOGY INC	53,011 (+6.0%)	$15,130 (+80.8%)	0.4%	$98.42	+133.0%	COM	595112103
AMZN	AMAZON COM INC	168,013 (+14.7%)	$38,781 (+20.5%)	1.0%	$133.82	+71.0%	COM	023135106
CRWV	COREWEAVE INC	185,000 (+37.0%)	$13,248 (-28.3%)	0.4%	$113.73	-10.9%	COM CL A	21873S108
WTS	WATTS WATER TECHNOLOGIES INC	114,656 (+15.7%)	$31,647 (+14.4%)	0.8%	$161.55	+70.8%	CL A	942749102
NFLX	NETFLIX INC	273,000 (+1014.1%)	$25,596 (-12.9%)	0.7%	$100.78	+7.0%	COM	64110L106
MA	MASTERCARD INCORPORATED	28,649 (+29.6%)	$16,355 (+30.0%)	0.4%	$269.10	+107.7%	CL A	57636Q104
COIN	COINBASE GLOBAL INC	117,000 (+31.5%)	$26,458 (-11.9%)	0.7%	$247.53	+20.4%	COM CL A	19260Q107
UBER	UBER TECHNOLOGIES INC	376,000 (+7.7%)	$30,723 (-10.1%)	0.8%	$47.46	+89.7%	COM	90353T100
META	META PLATFORMS INC	78,005 (+5.4%)	$51,490 (-5.3%)	1.4%	$228.26	+192.3%	CL A	30303M102
AVGO	BROADCOM INC	91,030 (+4.6%)	$31,506 (+9.7%)	0.8%	$195.63	+82.5%	COM	11135F101
SSD	SIMPSON MFG INC	44,200 (+33.9%)	$7,137 (+29.1%)	0.2%	$175.89	-4.1%	COM	829073105
ENSG	ENSIGN GROUP INC	162,100 (+1.9%)	$28,238 (+2.7%)	0.8%	$91.93	+95.4%	COM	29358P101
GATX	GATX CORP	100,100 (+5.0%)	$16,977 (+1.9%)	0.5%	$141.27	+16.3%	COM	361448103
MSFT	MICROSOFT CORP	60,032 (+6.2%)	$29,033 (-0.8%)	0.8%	$218.62	+129.0%	COM	594918104
AIT	APPLIED INDL TECHNOLOGIES IN	102,100 (+2.0%)	$26,216 (+0.3%)	0.7%	$189.92	+34.3%	COM	03820C105
BABA	ALIBABA GROUP HLDG LTD	43,000 (+22.9%)	$6,303 (+0.8%)	0.2%	$142.92	—	SPONSORED ADS	01609W102

Exited Positions (13)

CDW CDW CORP 1.5%

Value ($000) $54,750 Shares 343,735 Est. Cost $208.71 Unrealized -29.6%

WSO WATSCO INC 0.6%

Value ($000) $22,600 Shares 55,900 Est. Cost $473.52 Unrealized -24.6%

ZTS ZOETIS INC 0.5%

Value ($000) $18,290 Shares 125,000 Est. Cost $171.91 Unrealized -24.2%

EXAS EXACT SCIENCES CORP 0.4%

Value ($000) $14,553 Shares 266,000 Est. Cost $71.26 Unrealized +12.7%

DHR DANAHER CORPORATION 0.3%

Value ($000) $10,825 Shares 54,600 Est. Cost $65.91 Unrealized +233.1%

SLGN SILGAN HLDGS INC 0.2%

Value ($000) $9,359 Shares 217,600 Est. Cost $32.06 Unrealized +26.6%

FFIN FIRST FINL BANKSHARES INC 0.2%

Value ($000) $6,949 Shares 206,496 Est. Cost $19.91 Unrealized +57.5%

SPSC SPS COMM INC 0.2%

Value ($000) $5,998 Shares 57,600 Est. Cost $48.15 Unrealized +92.5%

LSTR LANDSTAR SYS INC 0.1%

Value ($000) $4,143 Shares 33,800 Est. Cost $72.34 Unrealized —

CROX CROCS INC 0.1%

Value ($000) $3,269 Shares 39,121 Est. Cost $23.54 Unrealized +255.4%

TREX TREX CO INC 0.1%

Value ($000) $2,480 Shares 48,000 Est. Cost $45.97 Unrealized -12.0%

DXCM DEXCOM INC 0.0%

Value ($000) $1,817 Shares 27,000 Est. Cost $89.75 Unrealized -28.0%

LFUS LITTELFUSE INC 0.0%

Value ($000) $780 Shares 3,013 Est. Cost $201.58 Unrealized +26.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CDW	CDW CORP	343,735	$54,750	1.5%	$208.71	-29.6%	—	12514G108
WSO	WATSCO INC	55,900	$22,600	0.6%	$473.52	-24.6%	—	942622200
ZTS	ZOETIS INC	125,000	$18,290	0.5%	$171.91	-24.2%	—	98978V103
EXAS	EXACT SCIENCES CORP	266,000	$14,553	0.4%	$71.26	+12.7%	—	30063P105
DHR	DANAHER CORPORATION	54,600	$10,825	0.3%	$65.91	+233.1%	—	235851102
SLGN	SILGAN HLDGS INC	217,600	$9,359	0.2%	$32.06	+26.6%	—	827048109
FFIN	FIRST FINL BANKSHARES INC	206,496	$6,949	0.2%	$19.91	+57.5%	—	32020R109
SPSC	SPS COMM INC	57,600	$5,998	0.2%	$48.15	+92.5%	—	78463M107
LSTR	LANDSTAR SYS INC	33,800	$4,143	0.1%	$72.34	—	—	515098101
CROX	CROCS INC	39,121	$3,269	0.1%	$23.54	+255.4%	—	227046109
TREX	TREX CO INC	48,000	$2,480	0.1%	$45.97	-12.0%	—	89531P105
DXCM	DEXCOM INC	27,000	$1,817	0.0%	$89.75	-28.0%	—	252131107
LFUS	LITTELFUSE INC	3,013	$780	0.0%	$201.58	+26.3%	—	537008104

Decreased Positions (52)

IT GARTNER INC 0.2%

Value ($000) $9,135 (-84.0%) Shares 36,209 (-83.3%) Est. Cost $296.87 Unrealized -18.9%

FIX COMFORT SYS USA INC 1.5%

Value ($000) $56,658 (-43.1%) Shares 60,708 (-49.7%) Est. Cost $234.37 Unrealized +293.8%

CTAS CINTAS CORP 1.8%

Value ($000) $68,765 (-33.2%) Shares 365,635 (-27.1%) Est. Cost $157.65 Unrealized +19.3%

ATR APTARGROUP INC 0.2%

Value ($000) $8,456 (-79.8%) Shares 69,332 (-77.9%) Est. Cost $113.57 Unrealized +8.3%

MPWR MONOLITHIC PWR SYS INC 1.9%

Value ($000) $70,408 (-29.4%) Shares 77,682 (-28.3%) Est. Cost $566.48 Unrealized +69.6%

HEI HEICO CORP NEW 2.9%

Value ($000) $107,981 (-20.3%) Shares 333,697 (-20.5%) Est. Cost $173.59 Unrealized +82.0%

CHE CHEMED CORP NEW 0.4%

Value ($000) $15,662 (-63.3%) Shares 36,605 (-61.6%) Est. Cost $380.70 Unrealized +14.3%

POOL POOL CORP 0.9%

Value ($000) $33,457 (-42.4%) Shares 146,261 (-21.9%) Est. Cost $218.80 Unrealized +18.6%

ICE INTERCONTINENTAL EXCHANGE IN 0.7%

Value ($000) $26,696 (-46.8%) Shares 164,833 (-44.7%) Est. Cost $93.19 Unrealized +67.6%

FICO FAIR ISAAC CORP 1.4%

Value ($000) $52,240 (-28.0%) Shares 30,900 (-36.3%) Est. Cost $248.73 Unrealized +592.1%

SNPS SYNOPSYS INC 0.2%

Value ($000) $6,012 (-74.9%) Shares 12,800 (-73.7%) Est. Cost $149.54 Unrealized +197.1%

LII LENNOX INTL INC 2.2%

Value ($000) $81,917 (-17.4%) Shares 168,700 (-10.0%) Est. Cost $266.04 Unrealized +87.8%

INTU INTUIT 0.5%

Value ($000) $18,157 (-48.3%) Shares 27,410 (-46.7%) Est. Cost $241.22 Unrealized +173.9%

TDG TRANSDIGM GROUP INC 1.1%

Value ($000) $39,439 (-28.0%) Shares 29,657 (-28.6%) Est. Cost $344.05 Unrealized +281.0%

HOOD ROBINHOOD MKTS INC 0.8%

Value ($000) $28,501 (-30.2%) Shares 252,000 (-11.6%) Est. Cost $22.44 Unrealized +479.5%

RSG REPUBLIC SVCS INC 1.7%

Value ($000) $64,766 (-12.8%) Shares 305,603 (-5.6%) Est. Cost $109.76 Unrealized +95.5%

SYK STRYKER CORPORATION 1.0%

Value ($000) $35,784 (-20.5%) Shares 101,813 (-16.4%) Est. Cost $276.32 Unrealized +31.5%

GOOGL ALPHABET INC 1.3%

Value ($000) $47,576 (+23.9%) Shares 152,000 (-3.8%) Est. Cost $113.46 Unrealized +151.7%

AMD ADVANCED MICRO DEVICES INC 1.1%

Value ($000) $41,549 (+26.5%) Shares 194,010 (-4.4%) Est. Cost $116.81 Unrealized +92.3%

DKNG DRAFTKINGS INC NEW 0.1%

Value ($000) $2,068 (-78.7%) Shares 60,000 (-76.9%) Est. Cost $24.06 Unrealized +36.7%

MSCI MSCI INC 2.8%

Value ($000) $106,700 (-6.4%) Shares 185,976 (-7.5%) Est. Cost $524.04 Unrealized +6.9%

APP APPLOVIN CORP 0.9%

Value ($000) $35,378 (-15.8%) Shares 52,503 (-10.3%) Est. Cost $329.40 Unrealized +91.3%

WCN WASTE CONNECTIONS INC 2.8%

Value ($000) $103,587 (-5.1%) Shares 590,713 (-4.8%) Est. Cost $145.22 Unrealized +19.0%

MDGL MADRIGAL PHARMACEUTICALS INC 0.8%

Value ($000) $28,535 (+22.0%) Shares 49,000 (-3.9%) Est. Cost $303.30 Unrealized +68.4%

WDAY WORKDAY INC 0.3%

Value ($000) $9,665 (-34.2%) Shares 45,000 (-26.2%) Est. Cost $203.41 Unrealized +11.7%

NSIT INSIGHT ENTERPRISES INC 0.0%

Value ($000) $726 (-87.2%) Shares 8,910 (-82.1%) Est. Cost $157.30 Unrealized -40.4%

EXPO EXPONENT INC 0.5%

Value ($000) $18,205 (-15.9%) Shares 262,100 (-15.9%) Est. Cost $62.76 Unrealized +11.6%

CRM SALESFORCE INC 0.5%

Value ($000) $17,753 (-15.8%) Shares 67,014 (-24.7%) Est. Cost $198.42 Unrealized +25.1%

SPGI S&P GLOBAL INC 0.8%

Value ($000) $29,888 (-9.9%) Shares 57,192 (-16.1%) Est. Cost $323.76 Unrealized +52.6%

NVDA NVIDIA CORPORATION 1.6%

Value ($000) $59,516 (-4.8%) Shares 319,121 (-4.8%) Est. Cost $94.65 Unrealized +96.6%

WD WALKER & DUNLOP INC 0.0%

Value ($000) $517 (-84.1%) Shares 8,600 (-77.9%) Est. Cost $43.33 Unrealized +62.7%

RIVN RIVIAN AUTOMOTIVE INC 0.3%

Value ($000) $11,629 (+27.8%) Shares 590,000 (-4.8%) Est. Cost $18.87 Unrealized -15.9%

FN FABRINET 0.8%

Value ($000) $28,546 (+9.2%) Shares 62,700 (-12.6%) Est. Cost $130.23 Unrealized +234.0%

CHDN CHURCHILL DOWNS INC 0.6%

Value ($000) $23,878 (-8.9%) Shares 209,862 (-22.3%) Est. Cost $99.33 Unrealized +4.2%

JJSF J & J SNACK FOODS CORP 0.1%

Value ($000) $1,880 (-50.6%) Shares 20,800 (-47.5%) Est. Cost $105.61 Unrealized -14.7%

QCOM QUALCOMM INC 0.0%

Value ($000) $1,202 (-51.9%) Shares 7,024 (-53.2%) Est. Cost $96.45 Unrealized +77.1%

INSM INSMED INC 0.4%

Value ($000) $14,097 (+8.8%) Shares 81,000 (-10.0%) Est. Cost $122.51 Unrealized +49.0%

LYFT LYFT INC 0.1%

Value ($000) $3,877 (-20.0%) Shares 200,156 (-9.0%) Est. Cost $31.14 Unrealized -33.3%

IBKR INTERACTIVE BROKERS GROUP IN 0.1%

Value ($000) $4,126 (-14.7%) Shares 64,159 (-8.8%) Est. Cost $37.30 Unrealized +79.3%

BX BLACKSTONE INC 0.1%

Value ($000) $4,778 (-12.6%) Shares 31,000 (-3.1%) Est. Cost $89.69 Unrealized +68.9%

ROKU ROKU INC 0.3%

Value ($000) $12,802 (-4.6%) Shares 118,000 (-11.9%) Est. Cost $110.77 Unrealized -8.4%

V VISA INC 0.5%

Value ($000) $18,241 (-2.9%) Shares 52,011 (-5.5%) Est. Cost $186.89 Unrealized +82.1%

SHOP SHOPIFY INC 0.3%

Value ($000) $12,878 (+3.2%) Shares 80,000 (-4.8%) Est. Cost $49.81 Unrealized +222.3%

FANG DIAMONDBACK ENERGY INC 0.1%

Value ($000) $3,307 (-7.6%) Shares 22,000 (-12.0%) Est. Cost $86.06 Unrealized +70.9%

DAL DELTA AIR LINES INC DEL 0.1%

Value ($000) $3,891 (+7.1%) Shares 56,062 (-12.4%) Est. Cost $45.86 Unrealized +36.2%

DIS DISNEY WALT CO 0.1%

Value ($000) $3,186 (-7.3%) Shares 28,000 (-6.7%) Est. Cost $109.29 Unrealized +0.2%

BAC BANK AMERICA CORP 0.1%

Value ($000) $5,225 (-4.5%) Shares 95,000 (-10.4%) Est. Cost $31.51 Unrealized +67.1%

TSLA TESLA INC 0.7%

Value ($000) $26,533 (-0.6%) Shares 59,000 (-1.7%) Est. Cost $303.99 Unrealized +45.8%

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $5,282 (+1.9%) Shares 6,009 (-7.7%) Est. Cost $383.96 Unrealized +111.8%

EXEL EXELIXIS INC 0.6%

Value ($000) $23,451 (-0.4%) Shares 535,043 (-6.1%) Est. Cost $24.72 Unrealized +67.4%

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value ($000) $3,164 (+1.5%) Shares 11,016 (-8.3%) Est. Cost $76.71 Unrealized +254.9%

AAPL APPLE INC 0.2%

Value ($000) $8,438 (+0.3%) Shares 31,039 (-6.1%) Est. Cost $127.05 Unrealized +111.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IT	GARTNER INC	36,209 (-83.3%)	$9,135 (-84.0%)	0.2%	$296.87	-18.9%	COM	366651107
FIX	COMFORT SYS USA INC	60,708 (-49.7%)	$56,658 (-43.1%)	1.5%	$234.37	+293.8%	COM	199908104
CTAS	CINTAS CORP	365,635 (-27.1%)	$68,765 (-33.2%)	1.8%	$157.65	+19.3%	COM	172908105
ATR	APTARGROUP INC	69,332 (-77.9%)	$8,456 (-79.8%)	0.2%	$113.57	+8.3%	COM	038336103
MPWR	MONOLITHIC PWR SYS INC	77,682 (-28.3%)	$70,408 (-29.4%)	1.9%	$566.48	+69.6%	COM	609839105
HEI	HEICO CORP NEW	333,697 (-20.5%)	$107,981 (-20.3%)	2.9%	$173.59	+82.0%	COM	422806109
CHE	CHEMED CORP NEW	36,605 (-61.6%)	$15,662 (-63.3%)	0.4%	$380.70	+14.3%	COM	16359R103
POOL	POOL CORP	146,261 (-21.9%)	$33,457 (-42.4%)	0.9%	$218.80	+18.6%	COM	73278L105
ICE	INTERCONTINENTAL EXCHANGE IN	164,833 (-44.7%)	$26,696 (-46.8%)	0.7%	$93.19	+67.6%	COM	45866F104
FICO	FAIR ISAAC CORP	30,900 (-36.3%)	$52,240 (-28.0%)	1.4%	$248.73	+592.1%	COM	303250104
SNPS	SYNOPSYS INC	12,800 (-73.7%)	$6,012 (-74.9%)	0.2%	$149.54	+197.1%	COM	871607107
LII	LENNOX INTL INC	168,700 (-10.0%)	$81,917 (-17.4%)	2.2%	$266.04	+87.8%	COM	526107107
INTU	INTUIT	27,410 (-46.7%)	$18,157 (-48.3%)	0.5%	$241.22	+173.9%	COM	461202103
TDG	TRANSDIGM GROUP INC	29,657 (-28.6%)	$39,439 (-28.0%)	1.1%	$344.05	+281.0%	COM	893641100
HOOD	ROBINHOOD MKTS INC	252,000 (-11.6%)	$28,501 (-30.2%)	0.8%	$22.44	+479.5%	COM CL A	770700102
RSG	REPUBLIC SVCS INC	305,603 (-5.6%)	$64,766 (-12.8%)	1.7%	$109.76	+95.5%	COM	760759100
SYK	STRYKER CORPORATION	101,813 (-16.4%)	$35,784 (-20.5%)	1.0%	$276.32	+31.5%	COM	863667101
GOOGL	ALPHABET INC	152,000 (-3.8%)	$47,576 (+23.9%)	1.3%	$113.46	+151.7%	CAP STK CL A	02079K305
AMD	ADVANCED MICRO DEVICES INC	194,010 (-4.4%)	$41,549 (+26.5%)	1.1%	$116.81	+92.3%	COM	007903107
DKNG	DRAFTKINGS INC NEW	60,000 (-76.9%)	$2,068 (-78.7%)	0.1%	$24.06	+36.7%	COM CL A	26142V105
MSCI	MSCI INC	185,976 (-7.5%)	$106,700 (-6.4%)	2.8%	$524.04	+6.9%	COM	55354G100
APP	APPLOVIN CORP	52,503 (-10.3%)	$35,378 (-15.8%)	0.9%	$329.40	+91.3%	COM CL A	03831W108
WCN	WASTE CONNECTIONS INC	590,713 (-4.8%)	$103,587 (-5.1%)	2.8%	$145.22	+19.0%	COM	94106B101
MDGL	MADRIGAL PHARMACEUTICALS INC	49,000 (-3.9%)	$28,535 (+22.0%)	0.8%	$303.30	+68.4%	COM	558868105
WDAY	WORKDAY INC	45,000 (-26.2%)	$9,665 (-34.2%)	0.3%	$203.41	+11.7%	CL A	98138H101
NSIT	INSIGHT ENTERPRISES INC	8,910 (-82.1%)	$726 (-87.2%)	0.0%	$157.30	-40.4%	COM	45765U103
EXPO	EXPONENT INC	262,100 (-15.9%)	$18,205 (-15.9%)	0.5%	$62.76	+11.6%	COM	30214U102
CRM	SALESFORCE INC	67,014 (-24.7%)	$17,753 (-15.8%)	0.5%	$198.42	+25.1%	COM	79466L302
SPGI	S&P GLOBAL INC	57,192 (-16.1%)	$29,888 (-9.9%)	0.8%	$323.76	+52.6%	COM	78409V104
NVDA	NVIDIA CORPORATION	319,121 (-4.8%)	$59,516 (-4.8%)	1.6%	$94.65	+96.6%	COM	67066G104
WD	WALKER & DUNLOP INC	8,600 (-77.9%)	$517 (-84.1%)	0.0%	$43.33	+62.7%	COM	93148P102
RIVN	RIVIAN AUTOMOTIVE INC	590,000 (-4.8%)	$11,629 (+27.8%)	0.3%	$18.87	-15.9%	COM CL A	76954A103
FN	FABRINET	62,700 (-12.6%)	$28,546 (+9.2%)	0.8%	$130.23	+234.0%	SHS	G3323L100
CHDN	CHURCHILL DOWNS INC	209,862 (-22.3%)	$23,878 (-8.9%)	0.6%	$99.33	+4.2%	COM	171484108
JJSF	J & J SNACK FOODS CORP	20,800 (-47.5%)	$1,880 (-50.6%)	0.1%	$105.61	-14.7%	COM	466032109
QCOM	QUALCOMM INC	7,024 (-53.2%)	$1,202 (-51.9%)	0.0%	$96.45	+77.1%	COM	747525103
INSM	INSMED INC	81,000 (-10.0%)	$14,097 (+8.8%)	0.4%	$122.51	+49.0%	COM PAR $.01	457669307
LYFT	LYFT INC	200,156 (-9.0%)	$3,877 (-20.0%)	0.1%	$31.14	-33.3%	CL A COM	55087P104
IBKR	INTERACTIVE BROKERS GROUP IN	64,159 (-8.8%)	$4,126 (-14.7%)	0.1%	$37.30	+79.3%	COM CL A	45841N107
BX	BLACKSTONE INC	31,000 (-3.1%)	$4,778 (-12.6%)	0.1%	$89.69	+68.9%	COM	09260D107
ROKU	ROKU INC	118,000 (-11.9%)	$12,802 (-4.6%)	0.3%	$110.77	-8.4%	COM CL A	77543R102
V	VISA INC	52,011 (-5.5%)	$18,241 (-2.9%)	0.5%	$186.89	+82.1%	COM CL A	92826C839
SHOP	SHOPIFY INC	80,000 (-4.8%)	$12,878 (+3.2%)	0.3%	$49.81	+222.3%	CL A SUB VTG SHS	82509L107
FANG	DIAMONDBACK ENERGY INC	22,000 (-12.0%)	$3,307 (-7.6%)	0.1%	$86.06	+70.9%	COM	25278X109
DAL	DELTA AIR LINES INC DEL	56,062 (-12.4%)	$3,891 (+7.1%)	0.1%	$45.86	+36.2%	COM NEW	247361702
DIS	DISNEY WALT CO	28,000 (-6.7%)	$3,186 (-7.3%)	0.1%	$109.29	+0.2%	COM	254687106
BAC	BANK AMERICA CORP	95,000 (-10.4%)	$5,225 (-4.5%)	0.1%	$31.51	+67.1%	COM	060505104
TSLA	TESLA INC	59,000 (-1.7%)	$26,533 (-0.6%)	0.7%	$303.99	+45.8%	COM	88160R101
GS	GOLDMAN SACHS GROUP INC	6,009 (-7.7%)	$5,282 (+1.9%)	0.1%	$383.96	+111.8%	COM	38141G104
EXEL	EXELIXIS INC	535,043 (-6.1%)	$23,451 (-0.4%)	0.6%	$24.72	+67.4%	COM	30161Q104
HLT	HILTON WORLDWIDE HLDGS INC	11,016 (-8.3%)	$3,164 (+1.5%)	0.1%	$76.71	+254.9%	COM	43300A203
AAPL	APPLE INC	31,039 (-6.1%)	$8,438 (+0.3%)	0.2%	$127.05	+111.2%	COM	037833100

Unchanged Positions (67)

TYL TYLER TECHNOLOGIES INC 3.0%

Value ($000) $113,071 Shares 249,082 Est. Cost $344.01 Unrealized +38.5%

MSI MOTOROLA SOLUTIONS INC 1.8%

Value ($000) $67,503 Shares 176,100 Est. Cost $252.41 Unrealized +58.8%

CDNS CADENCE DESIGN SYSTEM INC 2.4%

Value ($000) $90,429 Shares 289,300 Est. Cost $65.53 Unrealized +398.0%

IQV IQVIA HLDGS INC 1.9%

Value ($000) $69,652 Shares 309,003 Est. Cost $217.93 Unrealized -0.2%

WRB BERKLEY W R CORP 2.4%

Value ($000) $90,838 Shares 1,295,464 Est. Cost $40.28 Unrealized +80.6%

TDY TELEDYNE TECHNOLOGIES INC 1.5%

Value ($000) $54,393 Shares 106,500 Est. Cost $412.47 Unrealized +27.7%

ROP ROPER TECHNOLOGIES INC 1.6%

Value ($000) $60,390 Shares 135,669 Est. Cost $421.64 Unrealized +9.6%

BRO BROWN & BROWN INC 0.9%

Value ($000) $35,459 Shares 444,900 Est. Cost $103.27 Unrealized -19.3%

CACI CACI INTL INC 2.5%

Value ($000) $93,883 Shares 176,204 Est. Cost $418.43 Unrealized +35.0%

IDXX IDEXX LABS INC 2.3%

Value ($000) $85,390 Shares 126,218 Est. Cost $285.58 Unrealized +138.5%

AFG AMERICAN FINL GROUP INC OHIO 1.8%

Value ($000) $68,161 Shares 498,692 Est. Cost $83.76 Unrealized +59.5%

MTSI MACOM TECH SOLUTIONS HLDGS I 0.4%

Value ($000) $14,909 Shares 87,046 Est. Cost $125.23 Unrealized +26.7%

AAON AAON INC 0.4%

Value ($000) $15,898 Shares 208,500 Est. Cost $37.19 Unrealized +148.1%

COST COSTCO WHSL CORP NEW 1.3%

Value ($000) $48,377 Shares 56,100 Est. Cost $144.54 Unrealized +526.6%

CRS CARPENTER TECHNOLOGY CORP 0.4%

Value ($000) $15,427 Shares 49,000 Est. Cost $111.06 Unrealized +170.6%

LLY ELI LILLY & CO 0.3%

Value ($000) $10,220 Shares 9,510 Est. Cost $773.40 Unrealized +23.6%

TMO THERMO FISHER SCIENTIFIC INC 0.5%

Value ($000) $17,036 Shares 29,400 Est. Cost $224.75 Unrealized +151.5%

FSS FEDERAL SIGNAL CORP 0.8%

Value ($000) $28,433 Shares 261,836 Est. Cost $73.62 Unrealized +55.4%

APPF APPFOLIO INC 0.3%

Value ($000) $12,900 Shares 55,449 Est. Cost $229.86 Unrealized +3.4%

MTD METTLER TOLEDO INTERNATIONAL 0.5%

Value ($000) $19,658 Shares 14,100 Est. Cost $412.76 Unrealized +238.3%

PLUS EPLUS INC 0.3%

Value ($000) $12,190 Shares 139,000 Est. Cost $42.18 Unrealized +95.6%

CASY CASEYS GEN STORES INC 2.6%

Value ($000) $96,282 Shares 174,200 Est. Cost $370.66 Unrealized +48.3%

MRSH MARSH & MCLENNAN COS INC 0.7%

Value ($000) $24,489 Shares 132,000 Est. Cost $152.13 Unrealized +22.5%

POST POST HLDGS INC 0.6%

Value ($000) $22,289 Shares 225,025 Est. Cost $106.47 Unrealized -2.8%

TT TRANE TECHNOLOGIES PLC 0.5%

Value ($000) $18,682 Shares 48,000 Est. Cost $312.18 Unrealized +32.5%

MEDP MEDPACE HLDGS INC 0.5%

Value ($000) $18,264 Shares 32,518 Est. Cost $236.43 Unrealized +140.1%

CXT CRANE NXT CO 0.1%

Value ($000) $3,544 Shares 75,300 Est. Cost $57.00 Unrealized +3.5%

VRTX VERTEX PHARMACEUTICALS INC 0.3%

Value ($000) $9,974 Shares 22,000 Est. Cost $229.41 Unrealized +87.9%

WST WEST PHARMACEUTICAL SVSC INC 0.8%

Value ($000) $28,784 Shares 104,616 Est. Cost $358.81 Unrealized -23.8%

AJG GALLAGHER ARTHUR J & CO 0.2%

Value ($000) $6,573 Shares 25,400 Est. Cost $246.55 Unrealized +7.2%

GIB CGI INC 1.0%

Value ($000) $36,653 Shares 397,110 Est. Cost $78.91 Unrealized +12.8%

GPI GROUP 1 AUTOMOTIVE INC 0.3%

Value ($000) $11,018 Shares 28,015 Est. Cost $328.60 Unrealized +24.9%

SF STIFEL FINL CORP 0.3%

Value ($000) $13,076 Shares 104,422 Est. Cost $27.00 Unrealized +343.0%

BLD TOPBUILD CORP 0.4%

Value ($000) $15,186 Shares 36,400 Est. Cost $187.64 Unrealized +128.5%

EXLS EXLSERVICE HOLDINGS INC 0.7%

Value ($000) $24,788 Shares 584,065 Est. Cost $28.10 Unrealized +45.5%

MSA MSA SAFETY INC 0.3%

Value ($000) $12,427 Shares 77,600 Est. Cost $173.03 Unrealized -5.9%

PRI PRIMERICA INC 0.3%

Value ($000) $12,246 Shares 47,400 Est. Cost $147.53 Unrealized +76.8%

G GENPACT LIMITED 0.2%

Value ($000) $8,420 Shares 180,000 Est. Cost $49.07 Unrealized -11.9%

MMSI MERIT MED SYS INC 0.4%

Value ($000) $13,926 Shares 158,000 Est. Cost $95.26 Unrealized -10.7%

EME EMCOR GROUP INC 0.3%

Value ($000) $11,993 Shares 19,603 Est. Cost $157.42 Unrealized +311.3%

CRWD CROWDSTRIKE HLDGS INC 0.4%

Value ($000) $16,032 Shares 34,200 Est. Cost $106.12 Unrealized +379.9%

ACIW ACI WORLDWIDE INC 0.2%

Value ($000) $6,781 Shares 141,823 Est. Cost $53.15 Unrealized -8.7%

AYI ACUITY INC 0.4%

Value ($000) $13,321 Shares 37,000 Est. Cost $241.03 Unrealized +49.9%

RLI RLI CORP 0.7%

Value ($000) $26,488 Shares 414,000 Est. Cost $48.54 Unrealized +26.6%

TNET TRINET GROUP INC 0.1%

Value ($000) $3,743 Shares 63,300 Est. Cost $69.16 Unrealized -14.5%

PGR PROGRESSIVE CORP 0.2%

Value ($000) $5,761 Shares 25,300 Est. Cost $231.96 Unrealized -8.5%

KAI KADANT INC 0.3%

Value ($000) $10,204 Shares 35,800 Est. Cost $225.13 Unrealized +26.0%

ROL ROLLINS INC 0.5%

Value ($000) $19,488 Shares 324,697 Est. Cost $28.25 Unrealized +107.6%

BMI BADGER METER INC 0.4%

Value ($000) $15,906 Shares 91,200 Est. Cost $155.13 Unrealized +15.9%

AGO ASSURED GUARANTY LTD 0.1%

Value ($000) $5,392 Shares 60,000 Est. Cost $80.77 Unrealized +6.8%

SNX TD SYNNEX CORPORATION 0.1%

Value ($000) $3,215 Shares 21,400 Est. Cost $32.77 Unrealized +366.4%

WING WINGSTOP INC 0.1%

Value ($000) $5,199 Shares 21,800 Est. Cost $91.49 Unrealized +170.7%

SIGI SELECTIVE INS GROUP INC 0.2%

Value ($000) $9,220 Shares 110,193 Est. Cost $88.14 Unrealized -9.6%

ECL ECOLAB INC 0.2%

Value ($000) $5,802 Shares 22,100 Est. Cost $145.26 Unrealized +82.9%

CVCO CAVCO INDS INC DEL 0.3%

Value ($000) $12,937 Shares 21,900 Est. Cost $173.99 Unrealized +225.6%

SITE SITEONE LANDSCAPE SUPPLY INC 0.2%

Value ($000) $6,365 Shares 51,100 Est. Cost $129.08 Unrealized -1.9%

CSL CARLISLE COS INC 0.2%

Value ($000) $6,205 Shares 19,400 Est. Cost $89.22 Unrealized +261.6%

NPO ENPRO INC 0.1%

Value ($000) $2,827 Shares 13,200 Est. Cost $55.76 Unrealized +296.6%

RUSHA RUSH ENTERPRISES INC 0.4%

Value ($000) $14,893 Shares 276,100 Est. Cost $48.45 Unrealized +7.2%

BCPC BALCHEM CORP 0.1%

Value ($000) $5,536 Shares 36,100 Est. Cost $105.51 Unrealized +43.9%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $4,189 Shares 13,000 Est. Cost $104.90 Unrealized +195.1%

BKNG BOOKING HOLDINGS INC 0.3%

Value ($000) $9,645 Shares 1,801 Est. Cost $2398.55 Unrealized +114.2%

SAIC SCIENCE APPLICATIONS INTL CO 0.2%

Value ($000) $5,999 Shares 59,600 Est. Cost $120.33 Unrealized -20.6%

AWR AMER STATES WTR CO 0.1%

Value ($000) $4,342 Shares 59,900 Est. Cost $81.32 Unrealized -9.8%

FELE FRANKLIN ELEC INC 0.1%

Value ($000) $4,280 Shares 44,800 Est. Cost $89.30 Unrealized +6.5%

QLYS QUALYS INC 0.1%

Value ($000) $2,886 Shares 21,714 Est. Cost $71.77 Unrealized +91.7%

TXRH TEXAS ROADHOUSE INC 0.2%

Value ($000) $6,906 Shares 41,600 Est. Cost $53.18 Unrealized +217.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TYL	TYLER TECHNOLOGIES INC	249,082	$113,071	3.0%	$344.01	+38.5%	COM	902252105
MSI	MOTOROLA SOLUTIONS INC	176,100	$67,503	1.8%	$252.41	+58.8%	COM NEW	620076307
CDNS	CADENCE DESIGN SYSTEM INC	289,300	$90,429	2.4%	$65.53	+398.0%	COM	127387108
IQV	IQVIA HLDGS INC	309,003	$69,652	1.9%	$217.93	-0.2%	COM	46266C105
WRB	BERKLEY W R CORP	1,295,464	$90,838	2.4%	$40.28	+80.6%	COM	084423102
TDY	TELEDYNE TECHNOLOGIES INC	106,500	$54,393	1.5%	$412.47	+27.7%	COM	879360105
ROP	ROPER TECHNOLOGIES INC	135,669	$60,390	1.6%	$421.64	+9.6%	COM	776696106
BRO	BROWN & BROWN INC	444,900	$35,459	0.9%	$103.27	-19.3%	COM	115236101
CACI	CACI INTL INC	176,204	$93,883	2.5%	$418.43	+35.0%	CL A	127190304
IDXX	IDEXX LABS INC	126,218	$85,390	2.3%	$285.58	+138.5%	COM	45168D104
AFG	AMERICAN FINL GROUP INC OHIO	498,692	$68,161	1.8%	$83.76	+59.5%	COM	025932104
MTSI	MACOM TECH SOLUTIONS HLDGS I	87,046	$14,909	0.4%	$125.23	+26.7%	COM	55405Y100
AAON	AAON INC	208,500	$15,898	0.4%	$37.19	+148.1%	COM PAR $0.004	000360206
COST	COSTCO WHSL CORP NEW	56,100	$48,377	1.3%	$144.54	+526.6%	COM	22160K105
CRS	CARPENTER TECHNOLOGY CORP	49,000	$15,427	0.4%	$111.06	+170.6%	COM	144285103
LLY	ELI LILLY & CO	9,510	$10,220	0.3%	$773.40	+23.6%	COM	532457108
TMO	THERMO FISHER SCIENTIFIC INC	29,400	$17,036	0.5%	$224.75	+151.5%	COM	883556102
FSS	FEDERAL SIGNAL CORP	261,836	$28,433	0.8%	$73.62	+55.4%	COM	313855108
APPF	APPFOLIO INC	55,449	$12,900	0.3%	$229.86	+3.4%	COM CL A	03783C100
MTD	METTLER TOLEDO INTERNATIONAL	14,100	$19,658	0.5%	$412.76	+238.3%	COM	592688105
PLUS	EPLUS INC	139,000	$12,190	0.3%	$42.18	+95.6%	COM	294268107
CASY	CASEYS GEN STORES INC	174,200	$96,282	2.6%	$370.66	+48.3%	COM	147528103
MRSH	MARSH & MCLENNAN COS INC	132,000	$24,489	0.7%	$152.13	+22.5%	COM	571748102
POST	POST HLDGS INC	225,025	$22,289	0.6%	$106.47	-2.8%	COM	737446104
TT	TRANE TECHNOLOGIES PLC	48,000	$18,682	0.5%	$312.18	+32.5%	SHS	G8994E103
MEDP	MEDPACE HLDGS INC	32,518	$18,264	0.5%	$236.43	+140.1%	COM	58506Q109
CXT	CRANE NXT CO	75,300	$3,544	0.1%	$57.00	+3.5%	COM	224441105
VRTX	VERTEX PHARMACEUTICALS INC	22,000	$9,974	0.3%	$229.41	+87.9%	COM	92532F100
WST	WEST PHARMACEUTICAL SVSC INC	104,616	$28,784	0.8%	$358.81	-23.8%	COM	955306105
AJG	GALLAGHER ARTHUR J & CO	25,400	$6,573	0.2%	$246.55	+7.2%	COM	363576109
GIB	CGI INC	397,110	$36,653	1.0%	$78.91	+12.8%	CL A SUB VTG	12532H104
GPI	GROUP 1 AUTOMOTIVE INC	28,015	$11,018	0.3%	$328.60	+24.9%	COM	398905109
SF	STIFEL FINL CORP	104,422	$13,076	0.3%	$27.00	+343.0%	COM	860630102
BLD	TOPBUILD CORP	36,400	$15,186	0.4%	$187.64	+128.5%	COM	89055F103
EXLS	EXLSERVICE HOLDINGS INC	584,065	$24,788	0.7%	$28.10	+45.5%	COM	302081104
MSA	MSA SAFETY INC	77,600	$12,427	0.3%	$173.03	-5.9%	COM	553498106
PRI	PRIMERICA INC	47,400	$12,246	0.3%	$147.53	+76.8%	COM	74164M108
G	GENPACT LIMITED	180,000	$8,420	0.2%	$49.07	-11.9%	SHS	G3922B107
MMSI	MERIT MED SYS INC	158,000	$13,926	0.4%	$95.26	-10.7%	COM	589889104
EME	EMCOR GROUP INC	19,603	$11,993	0.3%	$157.42	+311.3%	COM	29084Q100
CRWD	CROWDSTRIKE HLDGS INC	34,200	$16,032	0.4%	$106.12	+379.9%	CL A	22788C105
ACIW	ACI WORLDWIDE INC	141,823	$6,781	0.2%	$53.15	-8.7%	COM	004498101
AYI	ACUITY INC	37,000	$13,321	0.4%	$241.03	+49.9%	COM	00508Y102
RLI	RLI CORP	414,000	$26,488	0.7%	$48.54	+26.6%	COM	749607107
TNET	TRINET GROUP INC	63,300	$3,743	0.1%	$69.16	-14.5%	COM	896288107
PGR	PROGRESSIVE CORP	25,300	$5,761	0.2%	$231.96	-8.5%	COM	743315103
KAI	KADANT INC	35,800	$10,204	0.3%	$225.13	+26.0%	COM	48282T104
ROL	ROLLINS INC	324,697	$19,488	0.5%	$28.25	+107.6%	COM	775711104
BMI	BADGER METER INC	91,200	$15,906	0.4%	$155.13	+15.9%	COM	056525108
AGO	ASSURED GUARANTY LTD	60,000	$5,392	0.1%	$80.77	+6.8%	COM	G0585R106
SNX	TD SYNNEX CORPORATION	21,400	$3,215	0.1%	$32.77	+366.4%	COM	87162W100
WING	WINGSTOP INC	21,800	$5,199	0.1%	$91.49	+170.7%	COM	974155103
SIGI	SELECTIVE INS GROUP INC	110,193	$9,220	0.2%	$88.14	-9.6%	COM	816300107
ECL	ECOLAB INC	22,100	$5,802	0.2%	$145.26	+82.9%	COM	278865100
CVCO	CAVCO INDS INC DEL	21,900	$12,937	0.3%	$173.99	+225.6%	COM	149568107
SITE	SITEONE LANDSCAPE SUPPLY INC	51,100	$6,365	0.2%	$129.08	-1.9%	COM	82982L103
CSL	CARLISLE COS INC	19,400	$6,205	0.2%	$89.22	+261.6%	COM	142339100
NPO	ENPRO INC	13,200	$2,827	0.1%	$55.76	+296.6%	COM	29355X107
RUSHA	RUSH ENTERPRISES INC	276,100	$14,893	0.4%	$48.45	+7.2%	CL A	781846209
BCPC	BALCHEM CORP	36,100	$5,536	0.1%	$105.51	+43.9%	COM	057665200
JPM	JPMORGAN CHASE & CO.	13,000	$4,189	0.1%	$104.90	+195.1%	COM	46625H100
BKNG	BOOKING HOLDINGS INC	1,801	$9,645	0.3%	$2398.55	+114.2%	COM	09857L108
SAIC	SCIENCE APPLICATIONS INTL CO	59,600	$5,999	0.2%	$120.33	-20.6%	COM	808625107
AWR	AMER STATES WTR CO	59,900	$4,342	0.1%	$81.32	-9.8%	COM	029899101
FELE	FRANKLIN ELEC INC	44,800	$4,280	0.1%	$89.30	+6.5%	COM	353514102
QLYS	QUALYS INC	21,714	$2,886	0.1%	$71.77	+91.7%	COM	74758T303
TXRH	TEXAS ROADHOUSE INC	41,600	$6,906	0.2%	$53.18	+217.4%	COM	882681109