Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FIW	First Trust Water ETF	143,900	$15.73M	7.4%	$59.94	—	—	33733B100
PHO	Invesco Water Resources ETF	221,600	$15.63M	7.3%	$38.63	—	—	46137V142
CGW	Invesco S&P Global Water Index	215,800	$13.21M	6.2%	$55.84	—	—	46138E263
EZU	iShares MSCI Eurozone ETF	237,100	$12.38M	5.8%	$48.82	—	—	464286608
EWU	iShares MSCI United Kingdom ET	323,500	$12.1M	5.7%	$34.88	—	—	46435G334
EWL	iShares MSCI Switzerland ETF	230,600	$12.01M	5.6%	$52.10	—	—	464286749
VWO	Vanguard FTSE Emerging Markets	195,100	$9.335M	4.4%	$47.85	—	—	922042858
FXI	iShares China Large-Cap ETF	244,900	$7.782M	3.7%	$31.78	—	—	464287184
VCR	Vanguard Consumer Discretionar	22,100	$7.524M	3.5%	$340.45	—	—	92204A108
IWD	iShares Russell 1000 Value ETF	38,900	$7.383M	3.5%	$189.79	—	—	464287598
IVE	iShares S&P 500 Value ETF	37,300	$7.354M	3.5%	$197.16	—	—	464287408
OEF	iShares S&P 100 ETF	26,400	$7.306M	3.4%	$276.74	—	—	464287101
XLK	Technology Select Sector SPDR	32,300	$7.292M	3.4%	$208.25	—	—	81369Y803
VFH	Vanguard Financials ETF	65,700	$7.221M	3.4%	$109.91	—	—	92204A405
EZA	iShares MSCI South Africa ETF	138,700	$6.99M	3.3%	$42.18	—	—	464286780
HPE	Hewlett Packard Enterprise Co	67,000	$1.37M	0.6%	$17.82	+3.1%	—	42824C109
MBLY	Mobileye Global Inc	96,100	$1.316M	0.6%	$22.07	-20.6%	—	60741F104
MSTR	MicroStrategy Inc	7,800	$1.315M	0.6%	$142.97	0.0%	—	594972408
UAL	United Airlines Holdings Inc	22,800	$1.3M	0.6%	$48.93	-5.4%	—	910047109
SYF	Synchrony Financial	25,800	$1.286M	0.6%	$35.74	+32.1%	—	87165B103
MOS	Mosaic Co/The	47,600	$1.274M	0.6%	$35.98	-26.9%	—	61945C103
BLDR	Builders FirstSource Inc	6,500	$1.26M	0.6%	$84.81	+95.5%	—	12008R107
BG	Bunge Global SA	13,000	$1.256M	0.6%	$90.47	+8.0%	—	H11356104
CVNA	Carvana Co	7,200	$1.253M	0.6%	$100.64	+42.7%	—	146869102
ADM	Archer-Daniels-Midland Co	20,900	$1.248M	0.6%	$57.73	+0.2%	—	039483102
FANG	Diamondback Energy Inc	7,200	$1.241M	0.6%	$185.12	0.0%	—	25278X109
AER	AerCap Holdings NV	13,000	$1.231M	0.6%	$92.64	0.0%	—	N00985106
GAP	Gap Inc/The	55,800	$1.23M	0.6%	$16.99	+25.0%	—	364760108
JBL	Jabil Inc	10,200	$1.222M	0.6%	$120.79	-10.3%	—	466313103
TSN	Tyson Foods Inc	20,500	$1.22M	0.6%	$58.18	0.0%	—	902494103
INTC	Intel Corp	51,700	$1.212M	0.6%	$35.07	-29.0%	—	458140100
VST	Vistra Corp	10,100	$1.197M	0.6%	$82.71	+1.7%	—	92840M102
MTZ	MasTec Inc	9,700	$1.194M	0.6%	$101.02	+8.1%	—	576323109
WCC	WESCO International Inc	7,100	$1.192M	0.6%	$146.95	+9.0%	—	95082P105
MHK	Mohawk Industries Inc	7,400	$1.189M	0.6%	$143.92	0.0%	—	608190104
TAP	Molson Coors Beverage Co	20,600	$1.184M	0.6%	$54.56	-6.7%	—	60871R209
C	Citigroup Inc	18,900	$1.183M	0.6%	$59.42	0.0%	—	172967424
VRT	Vertiv Holdings Co	11,900	$1.183M	0.6%	$36.22	+128.4%	—	92537N108
WSM	Williams-Sonoma Inc	7,600	$1.177M	0.6%	$143.08	-1.7%	—	969904101
VTRS	Viatris Inc	101,400	$1.177M	0.6%	$10.24	+5.6%	—	92556V106
CNC	Centene Corp	15,600	$1.174M	0.6%	$73.30	0.0%	—	15135B101
AVGO	Broadcom Inc	6,800	$1.173M	0.6%	$158.01	0.0%	—	11135F101
RNR	RenaissanceRe Holdings Ltd	4,300	$1.171M	0.5%	$223.97	+7.7%	—	G7496G103
CVS	CVS Health Corp	18,500	$1.163M	0.5%	$58.52	-5.7%	—	126650100
KHC	Kraft Heinz Co/The	33,100	$1.162M	0.5%	$32.78	-3.0%	—	500754106
JLL	Jones Lang LaSalle Inc	4,300	$1.16M	0.5%	$242.49	0.0%	—	48020Q107
NUE	Nucor Corp	7,700	$1.157M	0.5%	$144.02	+1.9%	—	670346105
PCAR	PACCAR Inc	11,700	$1.154M	0.5%	$92.23	0.0%	—	693718108
TGT	Target Corp	7,400	$1.153M	0.5%	$141.02	0.0%	—	87612E106
DECK	Deckers Outdoor Corp	7,200	$1.148M	0.5%	$152.55	0.0%	—	243537107
—	Lam Research Corp	1,400	$1.142M	0.5%	$815.71	—	—	512807108
PR	Permian Resources Corp	83,800	$1.14M	0.5%	$14.68	+0.1%	—	71424F105
KNX	Knight-Swift Transportation Ho	21,100	$1.138M	0.5%	$53.58	-5.4%	—	499049104
EG	Everest Group Ltd	2,900	$1.136M	0.5%	$363.59	+2.6%	—	G3223R108
RRX	Regal Rexnord Corp	6,800	$1.127M	0.5%	$130.05	+18.8%	—	758750103
WFC	Wells Fargo & Co	19,800	$1.118M	0.5%	$54.85	0.0%	—	949746101
XYZ	Block Inc	16,600	$1.114M	0.5%	$64.60	0.0%	—	852234103
HRL	Hormel Foods Corp	34,900	$1.106M	0.5%	$31.65	-4.7%	—	440452100
BIO	Bio-Rad Laboratories Inc	3,300	$1.104M	0.5%	$358.96	-11.5%	—	090572207
F	Ford Motor Co	104,500	$1.103M	0.5%	$10.99	-5.0%	—	345370860
—	United States Steel Corp	31,100	$1.098M	0.5%	$37.78	—	—	912909108
SMCI	Super Micro Computer Inc	2,600	$1.082M	0.5%	$60.86	0.0%	—	86800U302
DXCM	Dexcom Inc	15,800	$1.059M	0.5%	$82.12	0.0%	—	252131107
GM	General Motors Co	23,500	$1.053M	0.5%	$36.25	+26.0%	—	37045V100
VLO	Valero Energy Corp	7,800	$1.053M	0.5%	$139.37	0.0%	—	91913Y100
WBD	Warner Bros Discovery Inc	124,400	$1.026M	0.5%	$11.89	-34.3%	—	934423104
OC	Owens Corning	5,800	$1.023M	0.5%	$132.46	+27.1%	—	690742101
STLA	Stellantis NV	67,600	$949K	0.4%	$18.08	—	—	N82405106
COIN	Coinbase Global Inc	4,900	$873K	0.4%	$200.30	0.0%	—	19260Q107
MRNA	Moderna Inc	12,500	$835K	0.4%	$91.81	0.0%	—	60770K107
—	VanEck Russia ETF	230,500	$0	0.0%	$26.66	—	—	92189F403