Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	625,619	$414M	3.2%	$668.61	-25.6%	—	461202103
NKE	NIKE INC	5,770,181	$368M	2.9%	$91.18	-29.8%	—	654106103
ODD	ODDITY TECH LTD	2,074,167	$83.34M	0.6%	$40.80	-21.3%	—	M7518J104
GGG	GRACO INC	579,016	$47.46M	0.4%	$71.41	+24.9%	—	384109104

Decreased Positions (30)

IDXX IDEXX LABS INC 6.4%

Value $824M (-35.1%) Shares 1,465,786 (-21.9%) Est. Cost $140.18 Unrealized +378.2%

WAT WATERS CORP 7.5%

Value $957M (-29.2%) Shares 3,212,075 (-9.7%) Est. Cost $179.85 Unrealized +104.1%

V VISA INC 7.3%

Value $938M (-24.3%) Shares 3,104,090 (-12.2%) Est. Cost $94.30 Unrealized +249.1%

ADP AUTOMATIC DATA PROCESSING IN 6.1%

Value $783M (-27.1%) Shares 3,855,105 (-7.7%) Est. Cost $97.84 Unrealized +146.1%

SYK STRYKER CORPORATION 7.8%

Value $1.006B (-22.4%) Shares 3,061,416 (-17.0%) Est. Cost $117.22 Unrealized +211.1%

GOOGL ALPHABET INC 6.6%

Value $850M (-22.4%) Shares 2,956,198 (-15.5%) Est. Cost $111.70 Unrealized +189.4%

META META PLATFORMS INC 5.9%

Value $756M (-16.0%) Shares 1,321,375 (-3.1%) Est. Cost $184.69 Unrealized +255.0%

PM PHILIP MORRIS INTL INC 6.6%

Value $845M (-13.9%) Shares 5,113,163 (-16.5%) Est. Cost $58.91 Unrealized +198.6%

MAR MARRIOTT INTL INC NEW 8.6%

Value $1.103B (-10.7%) Shares 3,370,872 (-15.3%) Est. Cost $192.83 Unrealized +71.5%

MTD METTLER TOLEDO INTERNATIONAL 5.6%

Value $717M (-11.4%) Shares 568,516 (-2.1%) Est. Cost $1382.25 Unrealized +2.2%

QLYS QUALYS INC 0.2%

Value $19.86M (-76.9%) Shares 226,077 (-65.1%) Est. Cost $116.50 Unrealized +3.5%

OTIS OTIS WORLDWIDE CORP 1.6%

Value $211M (-22.6%) Shares 2,731,635 (-12.2%) Est. Cost $69.56 Unrealized +28.7%

MSCI MSCI INC 0.3%

Value $34.92M (-63.5%) Shares 64,788 (-61.1%) Est. Cost $158.16 Unrealized +259.9%

NSSC NAPCO SEC TECHNOLOGIES INC 0.1%

Value $15.11M (-79.6%) Shares 383,596 (-78.4%) Est. Cost $29.64 Unrealized +41.2%

CPRX CATALYST PHARMACEUTICALS INC 0.2%

Value $20.92M (-73.4%) Shares 844,887 (-74.9%) Est. Cost $22.32 Unrealized +6.9%

DOCS DOXIMITY INC 0.1%

Value $16.12M (-77.9%) Shares 691,786 (-58.1%) Est. Cost $55.05 Unrealized -36.4%

PAYC PAYCOM SOFTWARE INC 0.2%

Value $26.67M (-68.0%) Shares 219,457 (-58.1%) Est. Cost $197.80 Unrealized -30.3%

ROL ROLLINS INC 0.3%

Value $33.11M (-62.7%) Shares 619,935 (-58.1%) Est. Cost $33.49 Unrealized +84.6%

CHD CHURCH & DWIGHT CO INC 4.8%

Value $620M (+9.9%) Shares 6,641,508 (-1.3%) Est. Cost $83.36 Unrealized +13.7%

NTNX NUTANIX INC 0.2%

Value $21.95M (-69.2%) Shares 577,392 (-58.1%) Est. Cost $61.10 Unrealized -28.5%

VRT VERTIV HOLDINGS CO 0.2%

Value $22.87M (-65.7%) Shares 91,254 (-77.8%) Est. Cost $97.15 Unrealized +105.7%

VRSN VERISIGN INC 0.2%

Value $28.18M (-57.1%) Shares 113,467 (-58.1%) Est. Cost $181.85 Unrealized +29.5%

CLX CLOROX CO DEL 0.2%

Value $26.66M (-56.9%) Shares 257,217 (-58.1%) Est. Cost $125.25 Unrealized -8.7%

MANH MANHATTAN ASSOCIATES INC 0.1%

Value $16.09M (-67.8%) Shares 120,888 (-58.1%) Est. Cost $181.51 Unrealized -14.2%

ADMA ADMA BIOLOGICS INC 0.1%

Value $14.86M (-61.2%) Shares 1,649,493 (-21.5%) Est. Cost $16.85 Unrealized +0.6%

HD HOME DEPOT INC 0.1%

Value $9.41M (-65.9%) Shares 28,611 (-64.3%) Est. Cost $298.21 Unrealized +26.4%

MEDP MEDPACE HLDGS INC 0.2%

Value $30.09M (-35.1%) Shares 62,668 (-24.1%) Est. Cost $339.14 Unrealized +59.9%

SABR SABRE CORP 0.1%

Value $13.07M (-55.3%) Shares 9,013,783 (-58.1%) Est. Cost $13.59 Unrealized -91.2%

FTNT FORTINET INC 3.9%

Value $503M (-2.8%) Shares 6,156,675 (-5.5%) Est. Cost $59.78 Unrealized +33.8%

PG PROCTER & GAMBLE CO 4.7%

Value $607M (-0.4%) Shares 4,199,914 (-1.1%) Est. Cost $137.75 Unrealized +10.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IDXX	IDEXX LABS INC	1,465,786 (-21.9%)	$824M (-35.1%)	6.4%	$140.18	+378.2%	COM	45168D104
WAT	WATERS CORP	3,212,075 (-9.7%)	$957M (-29.2%)	7.5%	$179.85	+104.1%	COM	941848103
V	VISA INC	3,104,090 (-12.2%)	$938M (-24.3%)	7.3%	$94.30	+249.1%	COM CL A	92826C839
ADP	AUTOMATIC DATA PROCESSING IN	3,855,105 (-7.7%)	$783M (-27.1%)	6.1%	$97.84	+146.1%	COM	053015103
SYK	STRYKER CORPORATION	3,061,416 (-17.0%)	$1.006B (-22.4%)	7.8%	$117.22	+211.1%	COM	863667101
GOOGL	ALPHABET INC	2,956,198 (-15.5%)	$850M (-22.4%)	6.6%	$111.70	+189.4%	CAP STK CL A	02079K305
META	META PLATFORMS INC	1,321,375 (-3.1%)	$756M (-16.0%)	5.9%	$184.69	+255.0%	CL A	30303M102
PM	PHILIP MORRIS INTL INC	5,113,163 (-16.5%)	$845M (-13.9%)	6.6%	$58.91	+198.6%	COM	718172109
MAR	MARRIOTT INTL INC NEW	3,370,872 (-15.3%)	$1.103B (-10.7%)	8.6%	$192.83	+71.5%	CL A	571903202
MTD	METTLER TOLEDO INTERNATIONAL	568,516 (-2.1%)	$717M (-11.4%)	5.6%	$1382.25	+2.2%	COM	592688105
QLYS	QUALYS INC	226,077 (-65.1%)	$19.86M (-76.9%)	0.2%	$116.50	+3.5%	COM	74758T303
OTIS	OTIS WORLDWIDE CORP	2,731,635 (-12.2%)	$211M (-22.6%)	1.6%	$69.56	+28.7%	COM	68902V107
MSCI	MSCI INC	64,788 (-61.1%)	$34.92M (-63.5%)	0.3%	$158.16	+259.9%	COM	55354G100
NSSC	NAPCO SEC TECHNOLOGIES INC	383,596 (-78.4%)	$15.11M (-79.6%)	0.1%	$29.64	+41.2%	COM	630402105
CPRX	CATALYST PHARMACEUTICALS INC	844,887 (-74.9%)	$20.92M (-73.4%)	0.2%	$22.32	+6.9%	COM	14888U101
DOCS	DOXIMITY INC	691,786 (-58.1%)	$16.12M (-77.9%)	0.1%	$55.05	-36.4%	CL A	26622P107
PAYC	PAYCOM SOFTWARE INC	219,457 (-58.1%)	$26.67M (-68.0%)	0.2%	$197.80	-30.3%	COM	70432V102
ROL	ROLLINS INC	619,935 (-58.1%)	$33.11M (-62.7%)	0.3%	$33.49	+84.6%	COM	775711104
CHD	CHURCH & DWIGHT CO INC	6,641,508 (-1.3%)	$620M (+9.9%)	4.8%	$83.36	+13.7%	COM	171340102
NTNX	NUTANIX INC	577,392 (-58.1%)	$21.95M (-69.2%)	0.2%	$61.10	-28.5%	CL A	67059N108
VRT	VERTIV HOLDINGS CO	91,254 (-77.8%)	$22.87M (-65.7%)	0.2%	$97.15	+105.7%	COM CL A	92537N108
VRSN	VERISIGN INC	113,467 (-58.1%)	$28.18M (-57.1%)	0.2%	$181.85	+29.5%	COM	92343E102
CLX	CLOROX CO DEL	257,217 (-58.1%)	$26.66M (-56.9%)	0.2%	$125.25	-8.7%	COM	189054109
MANH	MANHATTAN ASSOCIATES INC	120,888 (-58.1%)	$16.09M (-67.8%)	0.1%	$181.51	-14.2%	COM	562750109
ADMA	ADMA BIOLOGICS INC	1,649,493 (-21.5%)	$14.86M (-61.2%)	0.1%	$16.85	+0.6%	COM	000899104
HD	HOME DEPOT INC	28,611 (-64.3%)	$9.41M (-65.9%)	0.1%	$298.21	+26.4%	COM	437076102
MEDP	MEDPACE HLDGS INC	62,668 (-24.1%)	$30.09M (-35.1%)	0.2%	$339.14	+59.9%	COM	58506Q109
SABR	SABRE CORP	9,013,783 (-58.1%)	$13.07M (-55.3%)	0.1%	$13.59	-91.2%	COM	78573M104
FTNT	FORTINET INC	6,156,675 (-5.5%)	$503M (-2.8%)	3.9%	$59.78	+33.8%	COM	34959E109
PG	PROCTER & GAMBLE CO	4,199,914 (-1.1%)	$607M (-0.4%)	4.7%	$137.75	+10.2%	COM	742718109

Unchanged Positions (3)

MSFT MICROSOFT CORP 6.0%

Value $770M Shares 2,079,737 Est. Cost $117.79 Unrealized +269.0%

TXN TEXAS INSTRS INC 4.0%

Value $509M Shares 2,623,124 Est. Cost $171.95 Unrealized +20.0%

ZTS ZOETIS INC 3.6%

Value $458M Shares 3,877,559 Est. Cost $158.67 Unrealized -20.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,079,737	$770M	6.0%	$117.79	+269.0%	COM	594918104
TXN	TEXAS INSTRS INC	2,623,124	$509M	4.0%	$171.95	+20.0%	COM	882508104
ZTS	ZOETIS INC	3,877,559	$458M	3.6%	$158.67	-20.6%	CL A	98978V103