ANTIPODES PARTNERS Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc	179,243	$118,325	2.5%	$667.32	0.0%	COM	30303M102
TTE	TotalEnergies SE	1,390,929	$90,818	1.9%	$63.23	0.0%	COM	F92124100
ORCL	Oracle Corp	239,691	$46,722	1.0%	$238.05	0.0%	COM	68389X105
COLD	Americold Realty Trust Inc	2,606,178	$33,518	0.7%	$12.86	—	COM	03064D108
SLB	SLB Ltd	697,752	$26,782	0.6%	$36.06	0.0%	COM	806857108
GLOB	Globant SA	319,902	$20,914	0.4%	$62.86	0.0%	COM	L44385109
HTO	H2O America	383,905	$18,809	0.4%	$47.95	0.0%	COM	784305104
CENX	Century Aluminum Co	423,789	$16,605	0.3%	$31.24	0.0%	COM	156431108
PSIX	Power Solutions International	228,413	$13,052	0.3%	$71.37	0.0%	COM	73933G202
GTLB	Gitlab Inc	27,433	$1,030	0.0%	$43.29	0.0%	COM	37637K108
FRMI	Fermi Inc	58,160	$465	0.0%	$19.51	0.0%	COM	314911108
MGNI	Magnite Inc	24,831	$403	0.0%	$16.60	0.0%	COM	55955D100
SG	Sweetgreen Inc	51,873	$351	0.0%	$6.87	0.0%	COM	87043Q108
LINE	Lineage Inc	6,729	$236	0.0%	$35.00	—	COM	53566V106
CLPR	Clipper Realty Inc	52,758	$202	0.0%	$3.82	—	COM	18885T306
AVA	Avista Corp	2,388	$92	0.0%	$38.78	0.0%	COM	05379B107
QGEN	QIAGEN NV	1,637	$77	0.0%	$46.26	0.0%	COM	N72482156
REGN	Regeneron Pharmaceuticals Inc	97	$75	0.0%	$678.68	0.0%	COM	75886F107
MDT	Medtronic PLC	730	$70	0.0%	$97.14	0.0%	COM	G5960L103
GILD	Gilead Sciences Inc	557	$68	0.0%	$120.88	0.0%	COM	375558103
TEVA	Teva Pharmaceutical Industries	2,086	$65	0.0%	$31.21	—	ADR	881624209
VRTX	Vertex Pharmaceuticals Inc	127	$58	0.0%	$431.03	0.0%	COM	92532F100
NOVT	Novanta Inc	449	$53	0.0%	$113.88	0.0%	COM	67000B104
TNGX	Tango Therapeutics Inc	4,513	$40	0.0%	$8.62	0.0%	COM	87583X109
CABA	Cabaletta Bio Inc	17,187	$38	0.0%	$2.48	0.0%	COM	12674W109
VRDN	Viridian Therapeutics Inc	1,150	$36	0.0%	$27.43	0.0%	COM	92790C104
IRON	Disc Medicine Inc	419	$33	0.0%	$84.50	0.0%	COM	254604101
SIBN	SI-BONE Inc	1,470	$29	0.0%	$17.37	0.0%	COM	825704109
ATAI	AtaiBeckley Inc	7,081	$29	0.0%	$4.72	0.0%	COM	04650F101
DNTH	Dianthus Therapeutics Inc	459	$19	0.0%	$38.77	0.0%	COM	252828108

Increased Positions (45)

AMZN Amazon.com Inc 4.7%

Value ($000) $225,372 (+51.9%) Shares 976,324 (+44.5%) Est. Cost $173.38 Unrealized +32.0%

CRM Salesforce Inc 1.9%

Value ($000) $91,410 (+207.5%) Shares 345,036 (+175.1%) Est. Cost $264.41 Unrealized -6.1%

MSFT Microsoft Corp 4.2%

Value ($000) $201,644 (+29.6%) Shares 416,915 (+38.8%) Est. Cost $350.89 Unrealized +42.7%

COF Capital One Financial Corp 4.0%

Value ($000) $189,701 (+28.2%) Shares 782,667 (+12.4%) Est. Cost $133.16 Unrealized +66.9%

EAT Brinker International Inc 1.8%

Value ($000) $84,225 (+67.6%) Shares 586,808 (+47.9%) Est. Cost $148.40 Unrealized -11.7%

CART Maplebear Inc 0.7%

Value ($000) $34,305 (+8127.5%) Shares 762,626 (+6623.9%) Est. Cost $41.01 Unrealized -0.2%

KDP Keurig Dr Pepper Inc 1.4%

Value ($000) $66,899 (+100.3%) Shares 2,388,205 (+82.4%) Est. Cost $29.20 Unrealized -6.7%

HON Honeywell International Inc 0.7%

Value ($000) $32,860 (+930.1%) Shares 167,395 (+1004.6%) Est. Cost $196.12 Unrealized -0.6%

GMED Globus Medical Inc 1.7%

Value ($000) $79,182 (+55.2%) Shares 906,833 (+1.8%) Est. Cost $57.95 Unrealized +31.0%

DGX Quest Diagnostics Inc 0.6%

Value ($000) $29,847 (+153.8%) Shares 171,987 (+178.7%) Est. Cost $180.05 Unrealized +1.1%

CHYM Chime Financial Inc 0.3%

Value ($000) $15,661 (+14272.3%) Shares 622,165 (+11417.3%) Est. Cost $21.34 Unrealized -0.5%

LNG Cheniere Energy Inc 1.5%

Value ($000) $72,357 (+15.1%) Shares 372,196 (+39.1%) Est. Cost $228.00 Unrealized -7.9%

VAL Valaris Ltd 0.7%

Value ($000) $35,031 (+23.8%) Shares 695,005 (+19.8%) Est. Cost $49.57 Unrealized +8.3%

WDAY Workday Inc 0.9%

Value ($000) $40,738 (+19.6%) Shares 189,658 (+34.0%) Est. Cost $239.43 Unrealized -5.1%

CCI Crown Castle Inc 2.7%

Value ($000) $126,601 (+4.0%) Shares 1,424,462 (+12.9%) Est. Cost $98.19 Unrealized -7.2%

ALNY Alnylam Pharmaceuticals Inc 0.4%

Value ($000) $19,043 (+30.7%) Shares 47,886 (+49.8%) Est. Cost $274.59 Unrealized +61.2%

LEN Lennar Corp 0.7%

Value ($000) $34,445 (-10.9%) Shares 335,039 (+9.2%) Est. Cost $122.91 Unrealized -1.8%

DUK Duke Energy Corp 1.9%

Value ($000) $90,372 (+4.7%) Shares 770,972 (+10.6%) Est. Cost $119.97 Unrealized +1.3%

AMT American Tower Corp 1.5%

Value ($000) $71,490 (+4.8%) Shares 407,157 (+14.8%) Est. Cost $201.42 Unrealized -10.5%

GPCR Structure Therapeutics Inc 0.1%

Value ($000) $3,246 (+2742.9%) Shares 46,291 (+1035.1%) Est. Cost $65.98 Unrealized —

NI NiSource Inc 1.8%

Value ($000) $87,002 (+3.5%) Shares 2,083,217 (+7.3%) Est. Cost $41.15 Unrealized +3.6%

WTRG Essential Utilities Inc 2.6%

Value ($000) $125,635 (-2.0%) Shares 3,274,915 (+2.0%) Est. Cost $38.14 Unrealized +3.2%

ENB Enbridge Inc 1.9%

Value ($000) $90,616 (+2.5%) Shares 1,891,021 (+7.9%) Est. Cost $46.19 Unrealized +2.0%

NE Noble Corp PLC 0.2%

Value ($000) $7,265 (+39.5%) Shares 257,244 (+39.7%) Est. Cost $28.03 Unrealized +4.3%

D Dominion Energy Inc 2.2%

Value ($000) $104,292 (-1.8%) Shares 1,779,898 (+2.6%) Est. Cost $58.34 Unrealized +2.4%

HDB HDFC Bank Ltd 0.2%

Value ($000) $11,426 (+18.8%) Shares 312,679 (+11.1%) Est. Cost $50.69 Unrealized —

VLRS Controladora Vuela Cia de Avia 0.0%

Value ($000) $1,580 (+389.4%) Shares 177,945 (+295.7%) Est. Cost $8.45 Unrealized —

ROKU Roku Inc 0.0%

Value ($000) $1,497 (+90.6%) Shares 13,801 (+75.9%) Est. Cost $87.20 Unrealized +16.4%

EXC Exelon Corp 3.4%

Value ($000) $160,619 (+0.3%) Shares 3,684,480 (+3.6%) Est. Cost $43.44 Unrealized +4.6%

ASHR Xtrackers Harvest CSI 300 Chin 0.0%

Value ($000) $1,863 (+28.0%) Shares 56,694 (+367.5%) Est. Cost $51.50 Unrealized —

ACIC American Coastal Insurance Cor 0.0%

Value ($000) $1,116 (+57.2%) Shares 88,385 (+41.8%) Est. Cost $10.23 Unrealized +11.0%

BRKR Bruker Corp 0.0%

Value ($000) $620 (+133.4%) Shares 13,150 (+61.0%) Est. Cost $44.73 Unrealized -5.6%

KSPI Kaspi.KZ JSC 0.0%

Value ($000) $1,012 (+24.8%) Shares 12,955 (+30.5%) Est. Cost $80.86 Unrealized —

SDGR Schrodinger Inc/United States 0.0%

Value ($000) $205 (+108.0%) Shares 11,464 (+133.4%) Est. Cost $19.71 Unrealized -3.8%

MNDY Monday.com Ltd 0.0%

Value ($000) $351 (+39.2%) Shares 2,381 (+82.7%) Est. Cost $202.25 Unrealized -16.7%

TDW Tidewater Inc 0.0%

Value ($000) $277 (+54.5%) Shares 5,485 (+63.1%) Est. Cost $54.04 Unrealized -2.3%

SYK Stryker Corp 0.0%

Value ($000) $101 (+200.9%) Shares 288 (+216.5%) Est. Cost $370.11 Unrealized -1.8%

WAT Waters Corp 0.0%

Value ($000) $66 (+151.9%) Shares 175 (+98.9%) Est. Cost $334.67 Unrealized +9.9%

TMO Thermo Fisher Scientific Inc 0.0%

Value ($000) $76 (+59.7%) Shares 131 (+33.7%) Est. Cost $490.06 Unrealized +15.3%

IDYA Ideaya Biosciences Inc 0.0%

Value ($000) $40 (+89.7%) Shares 1,150 (+49.4%) Est. Cost $26.73 Unrealized +19.3%

DAWN Day One Biopharmaceuticals Inc 0.0%

Value ($000) $24 (+95.4%) Shares 2,559 (+47.8%) Est. Cost $9.15 Unrealized -8.7%

MYRG MYR Group Inc 0.0%

Value ($000) $68 (+8.5%) Shares 311 (+3.3%) Est. Cost $127.51 Unrealized +70.7%

HUMA Humacyte Inc 0.0%

Value ($000) $11 (-20.9%) Shares 11,648 (+43.4%) Est. Cost $1.77 Unrealized -20.1%

GE General Electric Co 0.0%

Value ($000) $43 (+5.4%) Shares 141 (+2.9%) Est. Cost $145.02 Unrealized +107.4%

IR Ingersoll Rand Inc 0.0%

Value ($000) $40 (-1.0%) Shares 502 (+3.3%) Est. Cost $74.69 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	Amazon.com Inc	976,324 (+44.5%)	$225,372 (+51.9%)	4.7%	$173.38	+32.0%	COM	023135106
CRM	Salesforce Inc	345,036 (+175.1%)	$91,410 (+207.5%)	1.9%	$264.41	-6.1%	COM	79466L302
MSFT	Microsoft Corp	416,915 (+38.8%)	$201,644 (+29.6%)	4.2%	$350.89	+42.7%	COM	594918104
COF	Capital One Financial Corp	782,667 (+12.4%)	$189,701 (+28.2%)	4.0%	$133.16	+66.9%	COM	14040H105
EAT	Brinker International Inc	586,808 (+47.9%)	$84,225 (+67.6%)	1.8%	$148.40	-11.7%	COM	109641100
CART	Maplebear Inc	762,626 (+6623.9%)	$34,305 (+8127.5%)	0.7%	$41.01	-0.2%	COM	565394103
KDP	Keurig Dr Pepper Inc	2,388,205 (+82.4%)	$66,899 (+100.3%)	1.4%	$29.20	-6.7%	COM	49271V100
HON	Honeywell International Inc	167,395 (+1004.6%)	$32,860 (+930.1%)	0.7%	$196.12	-0.6%	CALL	438516106
GMED	Globus Medical Inc	906,833 (+1.8%)	$79,182 (+55.2%)	1.7%	$57.95	+31.0%	COM	379577208
DGX	Quest Diagnostics Inc	171,987 (+178.7%)	$29,847 (+153.8%)	0.6%	$180.05	+1.1%	COM	74834L100
CHYM	Chime Financial Inc	622,165 (+11417.3%)	$15,661 (+14272.3%)	0.3%	$21.34	-0.5%	COM	16935C109
LNG	Cheniere Energy Inc	372,196 (+39.1%)	$72,357 (+15.1%)	1.5%	$228.00	-7.9%	COM	16411R208
VAL	Valaris Ltd	695,005 (+19.8%)	$35,031 (+23.8%)	0.7%	$49.57	+8.3%	COM	G9460G101
WDAY	Workday Inc	189,658 (+34.0%)	$40,738 (+19.6%)	0.9%	$239.43	-5.1%	COM	98138H101
CCI	Crown Castle Inc	1,424,462 (+12.9%)	$126,601 (+4.0%)	2.7%	$98.19	-7.2%	COM	22822V101
ALNY	Alnylam Pharmaceuticals Inc	47,886 (+49.8%)	$19,043 (+30.7%)	0.4%	$274.59	+61.2%	COM	02043Q107
LEN	Lennar Corp	335,039 (+9.2%)	$34,445 (-10.9%)	0.7%	$122.91	-1.8%	COM	526057104
DUK	Duke Energy Corp	770,972 (+10.6%)	$90,372 (+4.7%)	1.9%	$119.97	+1.3%	COM	26441C204
AMT	American Tower Corp	407,157 (+14.8%)	$71,490 (+4.8%)	1.5%	$201.42	-10.5%	COM	03027X100
GPCR	Structure Therapeutics Inc	46,291 (+1035.1%)	$3,246 (+2742.9%)	0.1%	$65.98	—	PUT	86366E106
NI	NiSource Inc	2,083,217 (+7.3%)	$87,002 (+3.5%)	1.8%	$41.15	+3.6%	COM	65473P105
WTRG	Essential Utilities Inc	3,274,915 (+2.0%)	$125,635 (-2.0%)	2.6%	$38.14	+3.2%	COM	29670G102
ENB	Enbridge Inc	1,891,021 (+7.9%)	$90,616 (+2.5%)	1.9%	$46.19	+2.0%	COM	29250N105
NE	Noble Corp PLC	257,244 (+39.7%)	$7,265 (+39.5%)	0.2%	$28.03	+4.3%	COM	G65431127
D	Dominion Energy Inc	1,779,898 (+2.6%)	$104,292 (-1.8%)	2.2%	$58.34	+2.4%	COM	25746U109
HDB	HDFC Bank Ltd	312,679 (+11.1%)	$11,426 (+18.8%)	0.2%	$50.69	—	ADR	40415F101
VLRS	Controladora Vuela Cia de Avia	177,945 (+295.7%)	$1,580 (+389.4%)	0.0%	$8.45	—	ADR	21240E105
ROKU	Roku Inc	13,801 (+75.9%)	$1,497 (+90.6%)	0.0%	$87.20	+16.4%	COM	77543R102
EXC	Exelon Corp	3,684,480 (+3.6%)	$160,619 (+0.3%)	3.4%	$43.44	+4.6%	COM	30161N101
ASHR	Xtrackers Harvest CSI 300 Chin	56,694 (+367.5%)	$1,863 (+28.0%)	0.0%	$51.50	—	COM	233051879
ACIC	American Coastal Insurance Cor	88,385 (+41.8%)	$1,116 (+57.2%)	0.0%	$10.23	+11.0%	COM	910710102
BRKR	Bruker Corp	13,150 (+61.0%)	$620 (+133.4%)	0.0%	$44.73	-5.6%	COM	116794108
KSPI	Kaspi.KZ JSC	12,955 (+30.5%)	$1,012 (+24.8%)	0.0%	$80.86	—	ADR	48581R205
SDGR	Schrodinger Inc/United States	11,464 (+133.4%)	$205 (+108.0%)	0.0%	$19.71	-3.8%	COM	80810D103
MNDY	Monday.com Ltd	2,381 (+82.7%)	$351 (+39.2%)	0.0%	$202.25	-16.7%	COM	M7S64H106
TDW	Tidewater Inc	5,485 (+63.1%)	$277 (+54.5%)	0.0%	$54.04	-2.3%	COM	88642R109
SYK	Stryker Corp	288 (+216.5%)	$101 (+200.9%)	0.0%	$370.11	-1.8%	COM	863667101
WAT	Waters Corp	175 (+98.9%)	$66 (+151.9%)	0.0%	$334.67	+9.9%	COM	941848103
TMO	Thermo Fisher Scientific Inc	131 (+33.7%)	$76 (+59.7%)	0.0%	$490.06	+15.3%	COM	883556102
IDYA	Ideaya Biosciences Inc	1,150 (+49.4%)	$40 (+89.7%)	0.0%	$26.73	+19.3%	COM	45166A102
DAWN	Day One Biopharmaceuticals Inc	2,559 (+47.8%)	$24 (+95.4%)	0.0%	$9.15	-8.7%	COM	23954D109
MYRG	MYR Group Inc	311 (+3.3%)	$68 (+8.5%)	0.0%	$127.51	+70.7%	COM	55405W104
HUMA	Humacyte Inc	11,648 (+43.4%)	$11 (-20.9%)	0.0%	$1.77	-20.1%	COM	44486Q103
GE	General Electric Co	141 (+2.9%)	$43 (+5.4%)	0.0%	$145.02	+107.4%	COM	369604301
IR	Ingersoll Rand Inc	502 (+3.3%)	$40 (-1.0%)	0.0%	$74.69	+5.7%	COM	45687V106

Exited Positions (18)

GOOGL Alphabet Inc 3.2%

Value ($000) $153,215 Shares 630,208 Est. Cost $170.68 Unrealized +67.3%

EQT EQT Corp 0.7%

Value ($000) $32,285 Shares 593,102 Est. Cost $40.68 Unrealized +38.0%

FLUT Flutter Entertainment PLC 0.4%

Value ($000) $20,330 Shares 78,078 Est. Cost $218.54 Unrealized +2.9%

OXY Occidental Petroleum Corp 0.4%

Value ($000) $16,987 Shares 359,488 Est. Cost $58.91 Unrealized -29.5%

FISV Fiserv Inc 0.3%

Value ($000) $16,456 Shares 127,628 Est. Cost $143.31 Unrealized -41.5%

FLNC Fluence Energy Inc 0.2%

Value ($000) $11,786 Shares 1,091,216 Est. Cost $8.36 Unrealized +125.3%

LYB LyondellBasell Industries NV 0.2%

Value ($000) $11,708 Shares 238,718 Est. Cost $65.50 Unrealized -32.1%

SOC Sable Offshore Corp 0.1%

Value ($000) $6,752 Shares 364,050 Est. Cost $25.63 Unrealized -63.2%

SEMR SEMrush Holdings Inc 0.1%

Value ($000) $3,113 Shares 439,659 Est. Cost $9.98 Unrealized -6.2%

LX LexinFintech Holdings Ltd 0.0%

Value ($000) $337 Shares 63,315 Est. Cost $6.50 Unrealized —

CFLT Confluent Inc 0.0%

Value ($000) $290 Shares 14,659 Est. Cost $20.91 Unrealized +17.4%

PUBM PubMatic Inc 0.0%

Value ($000) $158 Shares 19,065 Est. Cost $10.18 Unrealized -14.5%

ABT Abbott Laboratories 0.0%

Value ($000) $111 Shares 828 Est. Cost $126.02 Unrealized +1.0%

RIG Transocean Ltd 0.0%

Value ($000) $78 Shares 24,838 Est. Cost $3.02 Unrealized +28.7%

— QIAGEN NV 0.0%

Value ($000) $68 Shares 1,526 Est. Cost $40.83 Unrealized —

HSIC Henry Schein Inc 0.0%

Value ($000) $42 Shares 632 Est. Cost $68.87 Unrealized +2.2%

WAY Waystar Holding Corp 0.0%

Value ($000) $31 Shares 823 Est. Cost $37.73 Unrealized -5.6%

DHR Danaher Corp 0.0%

Value ($000) $27 Shares 137 Est. Cost $198.37 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc	630,208	$153,215	3.2%	$170.68	+67.3%	—	02079K305
EQT	EQT Corp	593,102	$32,285	0.7%	$40.68	+38.0%	—	26884L109
FLUT	Flutter Entertainment PLC	78,078	$20,330	0.4%	$218.54	+2.9%	—	G3643J108
OXY	Occidental Petroleum Corp	359,488	$16,987	0.4%	$58.91	-29.5%	—	674599105
FISV	Fiserv Inc	127,628	$16,456	0.3%	$143.31	-41.5%	—	337738108
FLNC	Fluence Energy Inc	1,091,216	$11,786	0.2%	$8.36	+125.3%	—	34379V103
LYB	LyondellBasell Industries NV	238,718	$11,708	0.2%	$65.50	-32.1%	—	N53745100
SOC	Sable Offshore Corp	364,050	$6,752	0.1%	$25.63	-63.2%	—	78574H104
SEMR	SEMrush Holdings Inc	439,659	$3,113	0.1%	$9.98	-6.2%	—	81686C104
LX	LexinFintech Holdings Ltd	63,315	$337	0.0%	$6.50	—	—	528877103
CFLT	Confluent Inc	14,659	$290	0.0%	$20.91	+17.4%	—	20717M103
PUBM	PubMatic Inc	19,065	$158	0.0%	$10.18	-14.5%	—	74467Q103
ABT	Abbott Laboratories	828	$111	0.0%	$126.02	+1.0%	—	002824100
RIG	Transocean Ltd	24,838	$78	0.0%	$3.02	+28.7%	—	H8817H100
—	QIAGEN NV	1,526	$68	0.0%	$40.83	—	—	N72482206
HSIC	Henry Schein Inc	632	$42	0.0%	$68.87	+2.2%	—	806407102
WAY	Waystar Holding Corp	823	$31	0.0%	$37.73	-5.6%	—	946784105
DHR	Danaher Corp	137	$27	0.0%	$198.37	+10.7%	—	235851102

Decreased Positions (40)

JCI Johnson Controls International 0.0%

Value ($000) $209 (-99.7%) Shares 1,748 (-99.8%) Est. Cost $80.60 Unrealized +42.4%

AMD Advanced Micro Devices Inc 1.3%

Value ($000) $62,770 (-44.3%) Shares 293,078 (-57.9%) Est. Cost $108.87 Unrealized +106.3%

ALC Alcon AG 0.0%

Value ($000) $2,137 (-95.6%) Shares 26,749 (-95.9%) Est. Cost $93.32 Unrealized -17.5%

AEP American Electric Power Co Inc 4.4%

Value ($000) $210,914 (-13.9%) Shares 1,828,970 (-16.0%) Est. Cost $96.28 Unrealized +22.2%

MRK Merck & Co Inc 3.5%

Value ($000) $165,882 (+18.2%) Shares 1,575,811 (-5.7%) Est. Cost $79.22 Unrealized +17.7%

BKD Brookdale Senior Living Inc 2.6%

Value ($000) $123,326 (+20.4%) Shares 11,428,834 (-5.5%) Est. Cost $5.99 Unrealized +64.1%

FER Ferrovial SE 3.3%

Value ($000) $156,417 (-11.1%) Shares 2,406,448 (-21.6%) Est. Cost $53.87 Unrealized +18.2%

AEE Ameren Corp 2.6%

Value ($000) $124,184 (-13.2%) Shares 1,243,491 (-9.3%) Est. Cost $98.54 Unrealized +3.5%

HCA HCA Healthcare Inc 2.9%

Value ($000) $137,510 (-10.9%) Shares 294,520 (-18.7%) Est. Cost $321.14 Unrealized +44.4%

FMX Fomento Economico Mexicano SAB 2.0%

Value ($000) $97,306 (-13.8%) Shares 962,690 (-15.9%) Est. Cost $41.68 Unrealized —

WLK Westlake Corp 0.6%

Value ($000) $30,800 (-28.1%) Shares 416,520 (-25.1%) Est. Cost $80.28 Unrealized -11.8%

ALLY Ally Financial Inc 2.4%

Value ($000) $112,552 (+11.6%) Shares 2,477,112 (-3.7%) Est. Cost $36.35 Unrealized +12.3%

VTR Ventas Inc 1.4%

Value ($000) $66,317 (-13.9%) Shares 856,972 (-22.1%) Est. Cost $45.84 Unrealized +63.6%

B Barrick Mining Corp 4.1%

Value ($000) $194,937 (+5.7%) Shares 4,475,725 (-20.5%) Est. Cost $19.29 Unrealized +94.0%

SRE Sempra 3.0%

Value ($000) $141,415 (-6.3%) Shares 1,601,585 (-4.6%) Est. Cost $79.82 Unrealized +13.4%

KEYS Keysight Technologies Inc 1.8%

Value ($000) $85,644 (+8.7%) Shares 421,464 (-6.4%) Est. Cost $159.18 Unrealized +16.6%

NEM Newmont Corp 0.7%

Value ($000) $32,772 (-16.5%) Shares 328,189 (-29.5%) Est. Cost $48.56 Unrealized +85.7%

EGO Eldorado Gold Corp 1.3%

Value ($000) $59,825 (-8.9%) Shares 1,665,370 (-26.7%) Est. Cost $16.09 Unrealized +86.1%

TSM Taiwan Semiconductor Manufactu 0.3%

Value ($000) $14,090 (-27.9%) Shares 46,362 (-33.7%) Est. Cost $176.85 Unrealized —

JNJ Johnson & Johnson 0.5%

Value ($000) $24,175 (-16.4%) Shares 116,806 (-25.1%) Est. Cost $151.31 Unrealized +30.2%

ETR Entergy Corp 2.2%

Value ($000) $104,654 (-3.1%) Shares 1,132,165 (-2.3%) Est. Cost $87.11 Unrealized +8.5%

UBS UBS Group AG 0.9%

Value ($000) $41,543 (-6.7%) Shares 890,432 (-18.3%) Est. Cost $30.70 Unrealized +31.6%

PDD PDD Holdings Inc 0.2%

Value ($000) $11,129 (-17.4%) Shares 98,144 (-3.7%) Est. Cost $134.63 Unrealized —

ADSK Autodesk Inc 0.1%

Value ($000) $5,360 (-29.9%) Shares 18,107 (-24.8%) Est. Cost $304.30 Unrealized -0.6%

BABA Alibaba Group Holding Ltd 0.1%

Value ($000) $5,646 (-27.4%) Shares 38,517 (-11.5%) Est. Cost $47.33 Unrealized —

NU NU Holdings Ltd/Cayman Islands 1.2%

Value ($000) $57,053 (+2.0%) Shares 3,407,926 (-2.4%) Est. Cost $12.49 Unrealized +28.6%

OTIS Otis Worldwide Corp 0.1%

Value ($000) $5,709 (-12.5%) Shares 65,351 (-8.4%) Est. Cost $73.51 Unrealized +21.4%

KO Coca-Cola Co/The 0.2%

Value ($000) $10,167 (-5.6%) Shares 145,423 (-10.5%) Est. Cost $54.82 Unrealized +26.6%

CERT Certara Inc 0.0%

Value ($000) $19 (-87.1%) Shares 2,190 (-82.2%) Est. Cost $11.33 Unrealized -9.1%

IMNM Immunome Inc 0.0%

Value ($000) $190 (+48.8%) Shares 8,834 (-18.9%) Est. Cost $9.61 Unrealized +82.5%

DXCM Dexcom Inc 0.0%

Value ($000) $57 (-47.7%) Shares 858 (-46.9%) Est. Cost $80.42 Unrealized -19.6%

ARGX Argenx SE 0.0%

Value ($000) $165 (-22.1%) Shares 196 (-31.7%) Est. Cost $499.41 Unrealized —

SUZ Suzano SA 0.0%

Value ($000) $1,832 (-1.6%) Shares 196,114 (-1.0%) Est. Cost $7.31 Unrealized —

JANX Janux Therapeutics Inc 0.0%

Value ($000) $10 (-69.8%) Shares 720 (-46.4%) Est. Cost $31.24 Unrealized -24.7%

APGE Apogee Therapeutics Inc 0.0%

Value ($000) $55 (+62.9%) Shares 723 (-14.2%) Est. Cost $38.48 Unrealized +63.7%

MASS 908 Devices Inc 0.0%

Value ($000) $27 (-41.6%) Shares 5,094 (-2.5%) Est. Cost $3.82 Unrealized +82.8%

ESTA Establishment Labs Holdings In 0.0%

Value ($000) $71 (+31.8%) Shares 969 (-25.9%) Est. Cost $37.19 Unrealized +62.3%

ORIC ORIC Pharmaceuticals Inc 0.0%

Value ($000) $20 (-43.6%) Shares 2,399 (-17.3%) Est. Cost $8.21 Unrealized +40.2%

IRTC IRhythm Holdings Inc 0.0%

Value ($000) $34 (-11.4%) Shares 189 (-14.1%) Est. Cost $129.23 Unrealized +37.1%

COR Cencora Inc 0.0%

Value ($000) $83 (-0.5%) Shares 245 (-7.9%) Est. Cost $288.37 Unrealized +18.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JCI	Johnson Controls International	1,748 (-99.8%)	$209 (-99.7%)	0.0%	$80.60	+42.4%	COM	G51502105
AMD	Advanced Micro Devices Inc	293,078 (-57.9%)	$62,770 (-44.3%)	1.3%	$108.87	+106.3%	COM	007903107
ALC	Alcon AG	26,749 (-95.9%)	$2,137 (-95.6%)	0.0%	$93.32	-17.5%	COM	H01301128
AEP	American Electric Power Co Inc	1,828,970 (-16.0%)	$210,914 (-13.9%)	4.4%	$96.28	+22.2%	COM	025537101
MRK	Merck & Co Inc	1,575,811 (-5.7%)	$165,882 (+18.2%)	3.5%	$79.22	+17.7%	COM	58933Y105
BKD	Brookdale Senior Living Inc	11,428,834 (-5.5%)	$123,326 (+20.4%)	2.6%	$5.99	+64.1%	COM	112463104
FER	Ferrovial SE	2,406,448 (-21.6%)	$156,417 (-11.1%)	3.3%	$53.87	+18.2%	COM	N3168P101
AEE	Ameren Corp	1,243,491 (-9.3%)	$124,184 (-13.2%)	2.6%	$98.54	+3.5%	COM	023608102
HCA	HCA Healthcare Inc	294,520 (-18.7%)	$137,510 (-10.9%)	2.9%	$321.14	+44.4%	COM	40412C101
FMX	Fomento Economico Mexicano SAB	962,690 (-15.9%)	$97,306 (-13.8%)	2.0%	$41.68	—	ADR	344419106
WLK	Westlake Corp	416,520 (-25.1%)	$30,800 (-28.1%)	0.6%	$80.28	-11.8%	COM	960413102
ALLY	Ally Financial Inc	2,477,112 (-3.7%)	$112,552 (+11.6%)	2.4%	$36.35	+12.3%	CALL	02005N100
VTR	Ventas Inc	856,972 (-22.1%)	$66,317 (-13.9%)	1.4%	$45.84	+63.6%	COM	92276F100
B	Barrick Mining Corp	4,475,725 (-20.5%)	$194,937 (+5.7%)	4.1%	$19.29	+94.0%	COM	06849F108
SRE	Sempra	1,601,585 (-4.6%)	$141,415 (-6.3%)	3.0%	$79.82	+13.4%	COM	816851109
KEYS	Keysight Technologies Inc	421,464 (-6.4%)	$85,644 (+8.7%)	1.8%	$159.18	+16.6%	COM	49338L103
NEM	Newmont Corp	328,189 (-29.5%)	$32,772 (-16.5%)	0.7%	$48.56	+85.7%	COM	651639106
EGO	Eldorado Gold Corp	1,665,370 (-26.7%)	$59,825 (-8.9%)	1.3%	$16.09	+86.1%	COM	284902509
TSM	Taiwan Semiconductor Manufactu	46,362 (-33.7%)	$14,090 (-27.9%)	0.3%	$176.85	—	ADR	874039100
JNJ	Johnson & Johnson	116,806 (-25.1%)	$24,175 (-16.4%)	0.5%	$151.31	+30.2%	COM	478160104
ETR	Entergy Corp	1,132,165 (-2.3%)	$104,654 (-3.1%)	2.2%	$87.11	+8.5%	COM	29364G103
UBS	UBS Group AG	890,432 (-18.3%)	$41,543 (-6.7%)	0.9%	$30.70	+31.6%	COM	H42097107
PDD	PDD Holdings Inc	98,144 (-3.7%)	$11,129 (-17.4%)	0.2%	$134.63	—	ADR	722304102
ADSK	Autodesk Inc	18,107 (-24.8%)	$5,360 (-29.9%)	0.1%	$304.30	-0.6%	COM	052769106
BABA	Alibaba Group Holding Ltd	38,517 (-11.5%)	$5,646 (-27.4%)	0.1%	$47.33	—	ADR	01609W102
NU	NU Holdings Ltd/Cayman Islands	3,407,926 (-2.4%)	$57,053 (+2.0%)	1.2%	$12.49	+28.6%	COM	G6683N103
OTIS	Otis Worldwide Corp	65,351 (-8.4%)	$5,709 (-12.5%)	0.1%	$73.51	+21.4%	COM	68902V107
KO	Coca-Cola Co/The	145,423 (-10.5%)	$10,167 (-5.6%)	0.2%	$54.82	+26.6%	COM	191216100
CERT	Certara Inc	2,190 (-82.2%)	$19 (-87.1%)	0.0%	$11.33	-9.1%	COM	15687V109
IMNM	Immunome Inc	8,834 (-18.9%)	$190 (+48.8%)	0.0%	$9.61	+82.5%	COM	45257U108
DXCM	Dexcom Inc	858 (-46.9%)	$57 (-47.7%)	0.0%	$80.42	-19.6%	COM	252131107
ARGX	Argenx SE	196 (-31.7%)	$165 (-22.1%)	0.0%	$499.41	—	ADR	04016X101
SUZ	Suzano SA	196,114 (-1.0%)	$1,832 (-1.6%)	0.0%	$7.31	—	ADR	86959K105
JANX	Janux Therapeutics Inc	720 (-46.4%)	$10 (-69.8%)	0.0%	$31.24	-24.7%	COM	47103J105
APGE	Apogee Therapeutics Inc	723 (-14.2%)	$55 (+62.9%)	0.0%	$38.48	+63.7%	COM	03770N101
MASS	908 Devices Inc	5,094 (-2.5%)	$27 (-41.6%)	0.0%	$3.82	+82.8%	COM	65443P102
ESTA	Establishment Labs Holdings In	969 (-25.9%)	$71 (+31.8%)	0.0%	$37.19	+62.3%	COM	G31249108
ORIC	ORIC Pharmaceuticals Inc	2,399 (-17.3%)	$20 (-43.6%)	0.0%	$8.21	+40.2%	COM	68622P109
IRTC	IRhythm Holdings Inc	189 (-14.1%)	$34 (-11.4%)	0.0%	$129.23	+37.1%	COM	450056106
COR	Cencora Inc	245 (-7.9%)	$83 (-0.5%)	0.0%	$288.37	+18.1%	COM	03073E105

Unchanged Positions (12)

EVRG Evergy Inc 1.4%

Value ($000) $68,815 Shares 949,233 Est. Cost $70.25 Unrealized +7.4%

AZO AutoZone Inc 0.0%

Value ($000) $2,171 Shares 640 Est. Cost $3897.69 Unrealized -3.1%

LSPD Lightspeed Commerce Inc 0.3%

Value ($000) $12,383 Shares 1,024,963 Est. Cost $11.64 Unrealized —

PCOR Procore Technologies Inc 1.3%

Value ($000) $62,402 Shares 857,811 Est. Cost $69.95 Unrealized +5.7%

FOLD Amicus Therapeutics Inc 0.0%

Value ($000) $56 Shares 3,926 Est. Cost $7.12 Unrealized +38.0%

NTRA Natera Inc 0.0%

Value ($000) $76 Shares 330 Est. Cost $160.16 Unrealized +30.2%

NUVL Nuvalent Inc 0.0%

Value ($000) $39 Shares 391 Est. Cost $78.19 Unrealized +26.1%

SQM Sociedad Quimica y Minera de C 0.0%

Value ($000) $13 Shares 182 Est. Cost $35.27 Unrealized —

SGMT Sagimet Biosciences Inc 0.0%

Value ($000) $19 Shares 3,176 Est. Cost $4.22 Unrealized +70.2%

STE STERIS PLC 0.0%

Value ($000) $89 Shares 352 Est. Cost $223.89 Unrealized +12.2%

ARRY Array Technologies Inc 0.0%

Value ($000) $16 Shares 1,715 Est. Cost $7.89 Unrealized +8.7%

SHLS Shoals Technologies Group Inc 0.0%

Value ($000) $8 Shares 978 Est. Cost $6.15 Unrealized +46.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EVRG	Evergy Inc	949,233	$68,815	1.4%	$70.25	+7.4%	COM	30034W106
AZO	AutoZone Inc	640	$2,171	0.0%	$3897.69	-3.1%	COM	053332102
LSPD	Lightspeed Commerce Inc	1,024,963	$12,383	0.3%	$11.64	—	COM	53229C107
PCOR	Procore Technologies Inc	857,811	$62,402	1.3%	$69.95	+5.7%	COM	74275K108
FOLD	Amicus Therapeutics Inc	3,926	$56	0.0%	$7.12	+38.0%	COM	03152W109
NTRA	Natera Inc	330	$76	0.0%	$160.16	+30.2%	COM	632307104
NUVL	Nuvalent Inc	391	$39	0.0%	$78.19	+26.1%	COM	670703107
SQM	Sociedad Quimica y Minera de C	182	$13	0.0%	$35.27	—	ADR	833635105
SGMT	Sagimet Biosciences Inc	3,176	$19	0.0%	$4.22	+70.2%	COM	786700104
STE	STERIS PLC	352	$89	0.0%	$223.89	+12.2%	COM	G8473T100
ARRY	Array Technologies Inc	1,715	$16	0.0%	$7.89	+8.7%	COM	04271T100
SHLS	Shoals Technologies Group Inc	978	$8	0.0%	$6.15	+46.0%	COM	82489W107