Location: HamiltoN, Bermuda
CIK: 0001663865 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 14, 2025
Total Value: $23.3B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| QXO | QXO INC | 86,492,986 | $1.649B | 7.1% | $29.17 | -29.0% | COM NEW | 82846H405 |
| NBIS | NEBIUS GROUP N.V. | 12,796,543 | $1.437B | 6.2% | $32.73 | +112.1% | SHS CLASS A | N97284108 |
| CPAY | CORPAY INC | 4,128,114 | $1.189B | 5.1% | $290.22 | +9.8% | COM SHS | 219948106 |
| PDD | PDD HOLDINGS INC | 6,942,339 | $918M | 3.9% | $114.22 | — | SPONSORED ADS | 722304102 |
| ALNY | ALNYLAM PHARMACEUTICALS INC | 1,950,962 | $890M | 3.8% | $229.27 | +77.6% | COM | 02043Q107 |
| SW | SMURFIT WESTROCK PLC | 18,948,827 | $807M | 3.5% | $46.08 | -2.3% | SHS | G8267P108 |
| ICLR | ICON PLC | 4,138,818 | $724M | 3.1% | $165.29 | +1.3% | SHS | G4705A100 |
| GXO | GXO LOGISTICS INCORPORATED | 13,387,809 | $708M | 3.0% | $60.88 | -15.5% | COMMON STOCK | 36262G101 |
| UNH | UNITEDHEALTH GROUP INC | 1,977,404 | $683M | 2.9% | $354.92 | -15.8% | COM | 91324P102 |
| IBKR | INTERACTIVE BROKERS GROUP IN | 9,543,872 | $657M | 2.8% | $36.76 | +70.8% | COM CL A | 45841N107 |
| NTES | NETEASE INC | 4,157,480 | $632M | 2.7% | $108.46 | — | SPONSORED ADS | 64110W102 |
| ITUB | ITAU UNIBANCO HLDG S A | 83,327,177 | $612M | 2.6% | $6.16 | — | SPON ADR REP PFD | 465562106 |
| SE | SEA LTD | 3,105,766 | $555M | 2.4% | $156.28 | — | SPONSORD ADS | 81141R100 |
| STE | STERIS PLC | 2,129,311 | $527M | 2.3% | $222.30 | +7.5% | SHS USD | G8473T100 |
| BTI | BRITISH AMERN TOB PLC | 9,521,130 | $505M | 2.2% | $37.56 | — | SPONSORED ADR | 110448107 |
| RXO | RXO INC | 32,573,158 | $501M | 2.2% | $21.77 | -26.0% | COMMON STOCK | 74982T103 |
| NEM | NEWMONT CORP | 5,637,872 | $475M | 2.0% | $45.49 | +52.5% | COM | 651639106 |
| INSM | INSMED INC | 3,250,868 | $468M | 2.0% | $100.92 | +21.4% | COM PAR $.01 | 457669307 |
| BRKR | BRUKER CORP | 14,145,472 | $460M | 2.0% | $36.52 | -2.6% | COM | 116794108 |
| NU | NU HLDGS LTD | 27,296,532 | $437M | 1.9% | $12.50 | +11.6% | ORD SHS CL A | G6683N103 |
| ELV | ELEVANCE HEALTH INC FORMERLY | 1,308,118 | $423M | 1.8% | $365.95 | -15.8% | COM | 036752103 |
| KMI | KINDER MORGAN INC DEL | 14,884,536 | $421M | 1.8% | $19.28 | +39.9% | COM | 49456B101 |
| DIS | DISNEY WALT CO | 3,671,374 | $420M | 1.8% | $92.58 | +26.4% | COM | 254687106 |
| XPO | XPO INC | 3,153,369 | $408M | 1.7% | $26.62 | +387.6% | COM | 983793100 |
| MU | MICRON TECHNOLOGY INC | 2,166,539 | $363M | 1.6% | $72.16 | +77.1% | COM | 595112103 |
| AES | AES CORP | 25,933,967 | $341M | 1.5% | $18.34 | -30.4% | COM | 00130H105 |
| GMAB | GENMAB A/S | 11,078,006 | $340M | 1.5% | $23.82 | — | SPONSORED ADS | 372303206 |
| CRSP | CRISPR THERAPEUTICS AG | 4,982,085 | $323M | 1.4% | $49.62 | +15.7% | NAMEN AKT | H17182108 |
| CNK | CINEMARK HLDGS INC | 11,494,101 | $322M | 1.4% | $15.91 | +72.7% | COM | 17243V102 |
| FNV | FRANCO NEV CORP | 1,418,367 | $316M | 1.4% | $116.41 | +54.8% | COM | 351858105 |
| CX | CEMEX SAB DE CV | 34,907,514 | $314M | 1.3% | $6.92 | — | SPON ADR NEW | 151290889 |
| WLK | WESTLAKE CORPORATION | 3,914,411 | $302M | 1.3% | $82.33 | 0.0% | COM | 960413102 |
| MSI | MOTOROLA SOLUTIONS INC | 655,999 | $300M | 1.3% | $376.15 | +19.2% | COM NEW | 620076307 |
| GLD | SPDR GOLD TR | 789,217 | $281M | 1.2% | $142.36 | — | GOLD SHS | 78463V107 |
| FSV | FIRSTSERVICE CORP NEW | 1,454,188 | $277M | 1.2% | $175.56 | +9.9% | COM | 33767E202 |
| B | BARRICK MNG CORP | 6,560,227 | $215M | 0.9% | $19.52 | +28.9% | COM SHS | 06849F108 |
| VIPS | VIPSHOP HLDGS LTD | 9,587,623 | $188M | 0.8% | $15.74 | — | SPONSORED ADS A | 92763W103 |
| IQV | IQVIA HLDGS INC | 967,537 | $184M | 0.8% | $180.15 | +0.9% | COM | 46266C105 |
| IMAX | IMAX CORP | 5,241,883 | $172M | 0.7% | $20.35 | +39.4% | COM | 45245E109 |
| BKNG | BOOKING HOLDINGS INC | 28,249 | $153M | 0.7% | $2804.00 | +98.4% | COM | 09857L108 |
| DEO | DIAGEO PLC | 1,546,130 | $148M | 0.6% | $100.36 | — | SPON ADR NEW | 25243Q205 |
| VALE | VALE S A | 13,573,795 | $147M | 0.6% | $9.56 | — | SPONSORED ADS | 91912E105 |
| BIDU | BAIDU INC | 1,044,173 | $138M | 0.6% | $131.77 | — | SPON ADR REP A | 056752108 |
| BTU | PEABODY ENERGY CORP | 4,960,043 | $132M | 0.6% | $17.75 | 0.0% | COM | 704551100 |
| WPM | WHEATON PRECIOUS METALS CORP | 1,023,924 | $115M | 0.5% | $40.67 | +140.2% | COM | 962879102 |
| GFI | GOLD FIELDS LTD | 2,669,748 | $112M | 0.5% | $12.47 | — | SPONSORED ADR | 38059T106 |
| BUR | BURFORD CAP LTD | 9,191,822 | $110M | 0.5% | $11.54 | +15.9% | ORD SHS | G17977110 |
| SHEL | SHELL PLC | 1,420,211 | $102M | 0.4% | $59.13 | — | SPON ADS | 780259305 |
| SYNA | SYNAPTICS INC | 1,398,302 | $95.56M | 0.4% | $90.02 | -24.4% | COM | 87157D109 |
| R | RYDER SYS INC | 470,216 | $88.7M | 0.4% | $149.65 | +20.5% | COM | 783549108 |
| MAR | MARRIOTT INTL INC NEW | 309,641 | $80.64M | 0.3% | $208.28 | +28.4% | CL A | 571903202 |
| CRC | CALIFORNIA RES CORP | 1,390,579 | $73.95M | 0.3% | $39.56 | +25.0% | COM STOCK | 13057Q305 |
| DAO | YOUDAO INC | 7,281,408 | $72.38M | 0.3% | $20.62 | — | SPONSORED ADS | 98741T104 |
| BWXT | BWX TECHNOLOGIES INC | 332,248 | $61.26M | 0.3% | $121.32 | +32.3% | COM | 05605H100 |
| FBIN | FORTUNE BRANDS INNOVATIONS I | 1,059,015 | $56.54M | 0.2% | $61.89 | -10.0% | COM | 34964C106 |
| CE | CELANESE CORP DEL | 1,304,050 | $54.87M | 0.2% | $49.73 | 0.0% | COM | 150870103 |
| LYB | LYONDELLBASELL INDUSTRIES N | 1,064,208 | $52.19M | 0.2% | $54.04 | 0.0% | SHS - A - | N53745100 |
| GNRC | GENERAC HLDGS INC | 307,858 | $51.54M | 0.2% | $123.03 | +42.4% | COM | 368736104 |
| ENB | ENBRIDGE INC | 1,008,837 | $50.91M | 0.2% | $40.78 | +13.1% | COM | 29250N105 |
| MTZ | MASTEC INC | 226,799 | $48.27M | 0.2% | $81.81 | +123.8% | COM | 576323109 |
| PTLO | PORTILLOS INC | 6,839,639 | $44.12M | 0.2% | $18.80 | -55.1% | COM CL A | 73642K106 |
| MNSO | MINISO GROUP HLDG LTD | 1,780,405 | $40.06M | 0.2% | $22.50 | — | SPONSORED ADS | 66981J102 |
| NAVI | NAVIENT CORPORATION | 3,023,206 | $39.76M | 0.2% | $15.09 | -10.0% | COM | 63938C108 |
| EME | EMCOR GROUP INC | 59,606 | $38.72M | 0.2% | $472.11 | +28.4% | COM | 29084Q100 |
| HNRG | HALLADOR ENERGY COMPANY | 1,911,787 | $37.41M | 0.2% | $17.18 | 0.0% | COM | 40609P105 |
| EDU | NEW ORIENTAL ED & TECHNOLOGY | 597,498 | $31.71M | 0.1% | $53.07 | — | SPON ADR | 647581206 |
| KB | KB FINL GROUP INC | 364,148 | $30.19M | 0.1% | $36.32 | — | SPONSORED ADR | 48241A105 |
| AU | ANGLOGOLD ASHANTI PLC | 427,891 | $30.09M | 0.1% | $24.87 | +120.8% | COM SHS | G0378L100 |
| CARG | CARGURUS INC | 765,791 | $28.51M | 0.1% | $34.17 | 0.0% | COM CL A | 141788109 |
| MCS | MARCUS CORP DEL | 1,774,701 | $27.53M | 0.1% | $15.49 | +3.6% | COM | 566330106 |
| HDB | HDFC BANK LTD | 756,964 | $25.86M | 0.1% | $49.56 | — | SPONSORED ADS | 40415F101 |
| MSFT | MICROSOFT CORP | 47,885 | $24.8M | 0.1% | $350.36 | +45.2% | COM | 594918104 |
| NCMI | NATIONAL CINEMEDIA INC | 5,305,601 | $23.93M | 0.1% | $5.27 | -11.4% | COM NEW | 635309206 |
| MCHP | MICROCHIP TECHNOLOGY INC. | 371,911 | $23.88M | 0.1% | $54.19 | +23.4% | COM | 595017104 |
| NKE | NIKE INC | 338,796 | $23.62M | 0.1% | $73.79 | 0.0% | CL B | 654106103 |
| CMCL | CALEDONIA MNG CORP PLC | 644,151 | $23.32M | 0.1% | $10.35 | +145.8% | SHS NEW | G1757E113 |
| ON | ON SEMICONDUCTOR CORP | 463,107 | $22.84M | 0.1% | $52.63 | 0.0% | COM | 682189105 |
| BAH | BOOZ ALLEN HAMILTON HLDG COR | 202,826 | $20.27M | 0.1% | $105.15 | 0.0% | CL A | 099502106 |
| OLN | OLIN CORP | 693,168 | $17.32M | 0.1% | $21.88 | 0.0% | COM PAR $1 | 680665205 |
| INTC | INTEL CORP | 495,662 | $16.63M | 0.1% | $32.55 | -25.6% | COM | 458140100 |
| SRRK | SCHOLAR ROCK HLDG CORP | 302,252 | $11.26M | 0.0% | $34.98 | 0.0% | COM | 80706P103 |
| CLBT | CELLEBRITE DI LTD | 516,499 | $9.571M | 0.0% | $15.71 | 0.0% | ORDINARY SHARES | M2197Q107 |
| G | GENPACT LIMITED | 214,532 | $8.987M | 0.0% | $35.76 | +22.5% | SHS | G3922B107 |
| BCC | BOISE CASCADE CO DEL | 105,673 | $8.171M | 0.0% | $85.22 | 0.0% | COM | 09739D100 |
| KBR | KBR INC | 162,873 | $7.702M | 0.0% | $48.19 | 0.0% | COM | 48242W106 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 5,412 | $1.512M | 0.0% | $226.49 | — | SPONSORED ADS | 874039100 |