Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIP	BROOKFIELD INFRASTRUCTURE PA	664,700	$24.27M	2.8%	$36.51	—	LP INT UNIT	G16252101
HD	HOME DEPOT INC	49,000	$17.28M	2.0%	$352.68	—	COM	437076102
SYK	STRYKER CORPORATION	36,800	$11.59M	1.3%	$314.84	—	COM	863667101
OBDC	BLUE OWL CAPITAL CORPORATION	715,000	$7.772M	0.9%	$10.87	—	COM	69121K104
LIVN	LIVANOVA PLC	55,000	$4.523M	0.5%	$82.23	—	SHS	G5509L101

Increased Positions (14)

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.9%

Value $24.83M (+56.3%) Shares 52,000 (+10.6%) Est. Cost $108.03 Unrealized —

AVGO BROADCOM INC 2.3%

Value $19.61M (+68.9%) Shares 51,900 (+38.4%) Est. Cost $244.18 Unrealized —

GOOGL ALPHABET INC 2.4%

Value $20.73M (+60.2%) Shares 58,000 (+28.9%) Est. Cost $233.37 Unrealized —

WCN WASTE CONNECTIONS INC 4.7%

Value $40.5M (+19.5%) Shares 243,000 (+16.5%) Est. Cost $183.24 Unrealized —

AJG GALLAGHER ARTHUR J & CO 1.7%

Value $15.01M (+61.6%) Shares 65,400 (+52.4%) Est. Cost $229.48 Unrealized —

NVDA NVIDIA CORPORATION 3.1%

Value $26.91M (+25.5%) Shares 134,500 (+9.3%) Est. Cost $157.75 Unrealized —

MSFT MICROSOFT CORP 2.9%

Value $25.01M (+27.4%) Shares 67,060 (+26.4%) Est. Cost $249.78 Unrealized —

HDB HDFC BANK LTD 2.0%

Value $17.69M (+32.2%) Shares 685,000 (+27.3%) Est. Cost $38.84 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 2.7%

Value $23.12M (+19.9%) Shares 515,658 (+18.9%) Est. Cost $47.72 Unrealized —

PRGO PERRIGO CO PLC 0.7%

Value $6.192M (+58.4%) Shares 596,000 (+63.7%) Est. Cost $19.22 Unrealized —

META META PLATFORMS INC 2.4%

Value $21.24M (+11.8%) Shares 37,700 (+13.6%) Est. Cost $488.46 Unrealized —

FSV FIRSTSERVICE CORP NEW 1.6%

Value $14.07M (+17.5%) Shares 98,990 (+15.0%) Est. Cost $157.99 Unrealized —

INFY INFOSYS LTD 1.6%

Value $13.8M (-10.4%) Shares 1,316,000 (+15.3%) Est. Cost $18.68 Unrealized —

STN STANTEC INC 2.2%

Value $18.88M (+7.7%) Shares 273,800 (+35.0%) Est. Cost $82.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	52,000 (+10.6%)	$24.83M (+56.3%)	2.9%	$108.03	—	SPONSORED ADS	874039100
AVGO	BROADCOM INC	51,900 (+38.4%)	$19.61M (+68.9%)	2.3%	$244.18	—	COM	11135F101
GOOGL	ALPHABET INC	58,000 (+28.9%)	$20.73M (+60.2%)	2.4%	$233.37	—	CAP STK CL A	02079K305
WCN	WASTE CONNECTIONS INC	243,000 (+16.5%)	$40.5M (+19.5%)	4.7%	$183.24	—	COM	94106B101
AJG	GALLAGHER ARTHUR J & CO	65,400 (+52.4%)	$15.01M (+61.6%)	1.7%	$229.48	—	COM	363576109
NVDA	NVIDIA CORPORATION	134,500 (+9.3%)	$26.91M (+25.5%)	3.1%	$157.75	—	COM	67066G104
MSFT	MICROSOFT CORP	67,060 (+26.4%)	$25.01M (+27.4%)	2.9%	$249.78	—	COM	594918104
HDB	HDFC BANK LTD	685,000 (+27.3%)	$17.69M (+32.2%)	2.0%	$38.84	—	SPONSORED ADS	40415F101
BAM	BROOKFIELD ASSET MANAGMT LTD	515,658 (+18.9%)	$23.12M (+19.9%)	2.7%	$47.72	—	CL A LMT VTG SHS	113004105
PRGO	PERRIGO CO PLC	596,000 (+63.7%)	$6.192M (+58.4%)	0.7%	$19.22	—	SHS	G97822103
META	META PLATFORMS INC	37,700 (+13.6%)	$21.24M (+11.8%)	2.4%	$488.46	—	CL A	30303M102
FSV	FIRSTSERVICE CORP NEW	98,990 (+15.0%)	$14.07M (+17.5%)	1.6%	$157.99	—	COM	33767E202
INFY	INFOSYS LTD	1,316,000 (+15.3%)	$13.8M (-10.4%)	1.6%	$18.68	—	SPONSORED ADR	456788108
STN	STANTEC INC	273,800 (+35.0%)	$18.88M (+7.7%)	2.2%	$82.67	—	COM	85472N109

Exited Positions (6)

CNQ CANADIAN NAT RES LTD MED TER 1.9%

Value $16.39M Shares 336,100 Est. Cost $29.98 Unrealized —

TU TELUS CORPORATION 1.8%

Value $15.72M Shares 1,223,219 Est. Cost $17.44 Unrealized —

WMT WALMART INC 1.5%

Value $13.07M Shares 105,200 Est. Cost $49.07 Unrealized —

PLD PROLOGIS INC. 1.4%

Value $11.76M Shares 89,000 Est. Cost $112.69 Unrealized —

CUBE CUBESMART 1.3%

Value $11.32M Shares 309,000 Est. Cost $45.06 Unrealized —

PDS PRECISION DRILLING CORP 0.3%

Value $2.755M Shares 28,000 Est. Cost $68.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNQ	CANADIAN NAT RES LTD MED TER	336,100	$16.39M	1.9%	$29.98	—	—	136385101
TU	TELUS CORPORATION	1,223,219	$15.72M	1.8%	$17.44	—	—	87971M103
WMT	WALMART INC	105,200	$13.07M	1.5%	$49.07	—	—	931142103
PLD	PROLOGIS INC.	89,000	$11.76M	1.4%	$112.69	—	—	74340W103
CUBE	CUBESMART	309,000	$11.32M	1.3%	$45.06	—	—	229663109
PDS	PRECISION DRILLING CORP	28,000	$2.755M	0.3%	$68.95	—	—	74022D407

Decreased Positions (10)

T AT&T INC 1.3%

Value $10.98M (-50.1%) Shares 530,400 (-30.1%) Est. Cost $17.84 Unrealized —

SLF SUN LIFE FINANCIAL INC. 1.9%

Value $16.07M (-34.9%) Shares 204,800 (-48.1%) Est. Cost $59.35 Unrealized —

TFII TFI INTERNATIONAL INC 0.8%

Value $6.719M (-44.7%) Shares 46,700 (-58.2%) Est. Cost $92.06 Unrealized —

KO COCA COLA CO 0.9%

Value $8.005M (-38.1%) Shares 98,500 (-42.1%) Est. Cost $69.23 Unrealized —

TJX TJX COS INC NEW 0.5%

Value $4.09M (-54.3%) Shares 27,000 (-51.8%) Est. Cost $125.88 Unrealized —

NOW SERVICENOW INC 1.4%

Value $12.06M (-23.8%) Shares 121,500 (-19.8%) Est. Cost $166.79 Unrealized —

DE DEERE & CO 1.4%

Value $11.86M (-19.3%) Shares 18,700 (-28.4%) Est. Cost $286.62 Unrealized —

SANM SANMINA CORP 1.1%

Value $9.136M (+40.7%) Shares 36,100 (-27.9%) Est. Cost $53.32 Unrealized —

H HYATT HOTELS CORP 2.0%

Value $17.6M (+16.0%) Shares 90,800 (-13.9%) Est. Cost $100.56 Unrealized —

UNP UNION PAC CORP 2.5%

Value $21.35M (+1.2%) Shares 78,500 (-9.8%) Est. Cost $189.42 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
T	AT&T INC	530,400 (-30.1%)	$10.98M (-50.1%)	1.3%	$17.84	—	COM	00206R102
SLF	SUN LIFE FINANCIAL INC.	204,800 (-48.1%)	$16.07M (-34.9%)	1.9%	$59.35	—	COM	866796105
TFII	TFI INTERNATIONAL INC	46,700 (-58.2%)	$6.719M (-44.7%)	0.8%	$92.06	—	COM	87241L109
KO	COCA COLA CO	98,500 (-42.1%)	$8.005M (-38.1%)	0.9%	$69.23	—	COM	191216100
TJX	TJX COS INC NEW	27,000 (-51.8%)	$4.09M (-54.3%)	0.5%	$125.88	—	COM	872540109
NOW	SERVICENOW INC	121,500 (-19.8%)	$12.06M (-23.8%)	1.4%	$166.79	—	COM	81762P102
DE	DEERE & CO	18,700 (-28.4%)	$11.86M (-19.3%)	1.4%	$286.62	—	COM	244199105
SANM	SANMINA CORP	36,100 (-27.9%)	$9.136M (+40.7%)	1.1%	$53.32	—	COM	801056102
H	HYATT HOTELS CORP	90,800 (-13.9%)	$17.6M (+16.0%)	2.0%	$100.56	—	COM CL A	448579102
UNP	UNION PAC CORP	78,500 (-9.8%)	$21.35M (+1.2%)	2.5%	$189.42	—	COM	907818108

Unchanged Positions (32)

NFLX NETFLIX INC. 1.8%

Value $15.9M Shares 222,700 Est. Cost $98.48 Unrealized —

TD TORONTO DOMINION BK ONT 2.6%

Value $22.34M Shares 183,802 Est. Cost $58.29 Unrealized —

BHE BENCHMARK ELECTRS INC 1.2%

Value $10.02M Shares 101,600 Est. Cost $27.06 Unrealized —

TTE TOTALENERGIES SE 2.3%

Value $19.97M Shares 257,000 Est. Cost $66.88 Unrealized —

V VISA INC 2.8%

Value $24.36M Shares 71,000 Est. Cost $179.09 Unrealized —

PLXS PLEXUS CORP 1.0%

Value $8.719M Shares 29,000 Est. Cost $135.09 Unrealized —

CNI CANADIAN NATL RY CO 2.3%

Value $20.11M Shares 168,600 Est. Cost $95.00 Unrealized —

ISRG INTUITIVE SURGICAL INC 2.0%

Value $17.06M Shares 42,900 Est. Cost $481.75 Unrealized —

BCE BCE INC 1.8%

Value $15.7M Shares 729,000 Est. Cost $24.18 Unrealized —

AMZN AMAZON COM INC 2.3%

Value $19.97M Shares 83,800 Est. Cost $183.54 Unrealized —

AAPL APPLE INC 2.0%

Value $17.65M Shares 61,000 Est. Cost $262.82 Unrealized —

SNPS SYNOPSYS INC 2.1%

Value $18.16M Shares 40,700 Est. Cost $538.84 Unrealized —

AMG AFFILIATED MANAGERS GROUP 1.1%

Value $9.814M Shares 29,000 Est. Cost $192.20 Unrealized —

EPC EDGEWELL PERSONAL CARE CO 1.0%

Value $8.278M Shares 308,200 Est. Cost $26.33 Unrealized —

ADBE ADOBE INC 1.0%

Value $9.062M Shares 44,200 Est. Cost $501.68 Unrealized —

CCK CROWN HLDGS INC 1.7%

Value $14.76M Shares 132,000 Est. Cost $91.58 Unrealized —

SLGN SILGAN HLDGS INC 0.7%

Value $6.351M Shares 136,900 Est. Cost $46.07 Unrealized —

GIB CGI INC 0.9%

Value $7.882M Shares 122,000 Est. Cost $101.94 Unrealized —

PBA PEMBINA PIPELINE CORP 3.5%

Value $30.73M Shares 664,500 Est. Cost $37.76 Unrealized —

LIN LINDE PLC 2.4%

Value $20.65M Shares 39,800 Est. Cost $445.82 Unrealized —

CRI CARTERS INC 0.7%

Value $5.808M Shares 141,100 Est. Cost $41.73 Unrealized —

MSA MSA SAFETY INC 1.3%

Value $11.41M Shares 65,375 Est. Cost $172.87 Unrealized —

IDXX IDEXX LABS INC 0.9%

Value $7.791M Shares 14,800 Est. Cost $434.21 Unrealized —

TTEK TETRA TECH INC NEW 1.4%

Value $11.87M Shares 411,000 Est. Cost $34.16 Unrealized —

BCO BRINKS CO 0.5%

Value $4.498M Shares 47,600 Est. Cost $79.10 Unrealized —

MSI MOTOROLA SOLUTIONS INC 1.1%

Value $9.552M Shares 23,000 Est. Cost $415.89 Unrealized —

MCO MOODYS CORP 1.3%

Value $11.37M Shares 25,100 Est. Cost $489.58 Unrealized —

REZI RESIDEO TECHNOLOGIES INC 0.6%

Value $4.901M Shares 157,600 Est. Cost $19.21 Unrealized —

IONS IONIS PHARMACEUTICALS INC 0.5%

Value $4.123M Shares 52,000 Est. Cost $43.98 Unrealized —

NBR NABORS INDUSTRIES LTD 0.2%

Value $1.949M Shares 23,200 Est. Cost $98.18 Unrealized —

COKE COCA COLA CONS INC 0.7%

Value $5.651M Shares 29,600 Est. Cost $111.55 Unrealized —

HYG ISHARES TR 0.1%

Value $1.096M Shares 13,700 Est. Cost $81.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC.	222,700	$15.9M	1.8%	$98.48	—	COM	64110L106
TD	TORONTO DOMINION BK ONT	183,802	$22.34M	2.6%	$58.29	—	COM NEW	891160509
BHE	BENCHMARK ELECTRS INC	101,600	$10.02M	1.2%	$27.06	—	COM	08160H101
TTE	TOTALENERGIES SE	257,000	$19.97M	2.3%	$66.88	—	ACT	F92124100
V	VISA INC	71,000	$24.36M	2.8%	$179.09	—	COM CL A	92826C839
PLXS	PLEXUS CORP	29,000	$8.719M	1.0%	$135.09	—	COM	729132100
CNI	CANADIAN NATL RY CO	168,600	$20.11M	2.3%	$95.00	—	COM	136375102
ISRG	INTUITIVE SURGICAL INC	42,900	$17.06M	2.0%	$481.75	—	COM NEW	46120E602
BCE	BCE INC	729,000	$15.7M	1.8%	$24.18	—	COM NEW	05534B760
AMZN	AMAZON COM INC	83,800	$19.97M	2.3%	$183.54	—	COM	023135106
AAPL	APPLE INC	61,000	$17.65M	2.0%	$262.82	—	COM	037833100
SNPS	SYNOPSYS INC	40,700	$18.16M	2.1%	$538.84	—	COM	871607107
AMG	AFFILIATED MANAGERS GROUP	29,000	$9.814M	1.1%	$192.20	—	COM	008252108
EPC	EDGEWELL PERSONAL CARE CO	308,200	$8.278M	1.0%	$26.33	—	COM	28035Q102
ADBE	ADOBE INC	44,200	$9.062M	1.0%	$501.68	—	COM	00724F101
CCK	CROWN HLDGS INC	132,000	$14.76M	1.7%	$91.58	—	COM	228368106
SLGN	SILGAN HLDGS INC	136,900	$6.351M	0.7%	$46.07	—	COM	827048109
GIB	CGI INC	122,000	$7.882M	0.9%	$101.94	—	CL A SUB VTG	12532H104
PBA	PEMBINA PIPELINE CORP	664,500	$30.73M	3.5%	$37.76	—	COM	706327103
LIN	LINDE PLC	39,800	$20.65M	2.4%	$445.82	—	SHS	G54950103
CRI	CARTERS INC	141,100	$5.808M	0.7%	$41.73	—	COM	146229109
MSA	MSA SAFETY INC	65,375	$11.41M	1.3%	$172.87	—	COM	553498106
IDXX	IDEXX LABS INC	14,800	$7.791M	0.9%	$434.21	—	COM	45168D104
TTEK	TETRA TECH INC NEW	411,000	$11.87M	1.4%	$34.16	—	COM	88162G103
BCO	BRINKS CO	47,600	$4.498M	0.5%	$79.10	—	COM	109696104
MSI	MOTOROLA SOLUTIONS INC	23,000	$9.552M	1.1%	$415.89	—	COM NEW	620076307
MCO	MOODYS CORP	25,100	$11.37M	1.3%	$489.58	—	COM	615369105
REZI	RESIDEO TECHNOLOGIES INC	157,600	$4.901M	0.6%	$19.21	—	COM	76118Y104
IONS	IONIS PHARMACEUTICALS INC	52,000	$4.123M	0.5%	$43.98	—	COM	462222100
NBR	NABORS INDUSTRIES LTD	23,200	$1.949M	0.2%	$98.18	—	SHS	G6359F137
COKE	COCA COLA CONS INC	29,600	$5.651M	0.7%	$111.55	—	COM	191098102
HYG	ISHARES TR	13,700	$1.096M	0.1%	$81.18	—	IBOXX HI YD ETF	464288513