Quilter Plc Diversified Active

CIK: 0001770632 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 21, 2026

Total Value ($000): $5,955,829 (100.0% shares, 0.0% debt)

Holdings (129)

New Positions (6)

SOLS SOLSTICE ADVANCED MATLS INC 0.0%

Value ($000) $506 Shares 10,411 Est. Cost $47.08 Unrealized 0.0%

ORCL ORACLE CORP 0.0%

Value ($000) $257 Shares 1,319 Est. Cost $238.05 Unrealized 0.0%

HXL HEXCEL CORP NEW 0.0%

Value ($000) $222 Shares 3,000 Est. Cost $70.70 Unrealized 0.0%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $208 Shares 857 Est. Cost $222.19 Unrealized 0.0%

CVS CVS HEALTH CORP 0.0%

Value ($000) $206 Shares 2,595 Est. Cost $78.67 Unrealized 0.0%

HIVE HIVE DIGITAL TECHNOLOGIES LT 0.0%

Value ($000) $88 Shares 34,120 Est. Cost $4.23 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOLS	SOLSTICE ADVANCED MATLS INC	10,411	$506	0.0%	$47.08	0.0%	COM SHS	83443Q103
ORCL	ORACLE CORP	1,319	$257	0.0%	$238.05	0.0%	COM	68389X105
HXL	HEXCEL CORP NEW	3,000	$222	0.0%	$70.70	0.0%	COM	428291108
COF	CAPITAL ONE FINL CORP	857	$208	0.0%	$222.19	0.0%	COM	14040H105
CVS	CVS HEALTH CORP	2,595	$206	0.0%	$78.67	0.0%	COM	126650100
HIVE	HIVE DIGITAL TECHNOLOGIES LT	34,120	$88	0.0%	$4.23	0.0%	COM NEW	433921103

Increased Positions (36)

GOOGL ALPHABET INC 5.1%

Value ($000) $303,982 (+40.3%) Shares 971,189 (+9.0%) Est. Cost $127.91 Unrealized +123.3%

NFLX NETFLIX INC 2.1%

Value ($000) $125,998 (-26.0%) Shares 1,343,838 (+846.3%) Est. Cost $101.47 Unrealized +6.2%

MSFT MICROSOFT CORP 8.8%

Value ($000) $522,266 (-5.4%) Shares 1,079,909 (+1.3%) Est. Cost $205.34 Unrealized +143.8%

HON HONEYWELL INTL INC 0.6%

Value ($000) $33,967 (+125.7%) Shares 174,110 (+143.5%) Est. Cost $175.80 Unrealized +10.9%

DG DOLLAR GEN CORP NEW 0.3%

Value ($000) $19,765 (+1754.0%) Shares 148,866 (+1343.2%) Est. Cost $116.78 Unrealized -4.5%

META META PLATFORMS INC 2.8%

Value ($000) $165,879 (-9.0%) Shares 251,297 (+1.3%) Est. Cost $464.85 Unrealized +43.6%

MAR MARRIOTT INTL INC NEW 1.3%

Value ($000) $76,284 (+25.2%) Shares 245,886 (+5.1%) Est. Cost $183.68 Unrealized +55.3%

AVGO BROADCOM INC 1.1%

Value ($000) $67,867 (+25.4%) Shares 196,091 (+19.5%) Est. Cost $313.41 Unrealized +13.9%

SPGI S&P GLOBAL INC 1.4%

Value ($000) $86,158 (+13.5%) Shares 164,867 (+5.7%) Est. Cost $426.16 Unrealized +16.0%

PANW PALO ALTO NETWORKS INC 2.9%

Value ($000) $172,830 (-5.5%) Shares 938,272 (+4.5%) Est. Cost $155.29 Unrealized +29.9%

TMUS T-MOBILE US INC 1.6%

Value ($000) $94,584 (-8.5%) Shares 465,838 (+7.8%) Est. Cost $124.72 Unrealized +69.4%

ARES ARES MANAGEMENT CORPORATION 1.9%

Value ($000) $113,799 (+6.8%) Shares 704,069 (+5.6%) Est. Cost $51.19 Unrealized +202.7%

LLY ELI LILLY & CO 0.4%

Value ($000) $20,895 (+47.0%) Shares 19,443 (+4.4%) Est. Cost $641.03 Unrealized +49.1%

NEE NEXTERA ENERGY INC 1.2%

Value ($000) $71,344 (+8.9%) Shares 888,695 (+2.4%) Est. Cost $67.78 Unrealized +21.7%

ESS ESSEX PPTY TR INC 0.1%

Value ($000) $6,624 (+181.3%) Shares 25,314 (+187.7%) Est. Cost $252.68 Unrealized +1.4%

MRSH MARSH & MCLENNAN COS INC 1.4%

Value ($000) $84,756 (+3.7%) Shares 456,857 (+12.7%) Est. Cost $161.10 Unrealized +15.7%

ZTS ZOETIS INC 1.0%

Value ($000) $61,305 (-4.6%) Shares 487,241 (+11.0%) Est. Cost $162.47 Unrealized -19.8%

EMR EMERSON ELEC CO 1.8%

Value ($000) $106,752 (+2.5%) Shares 804,338 (+1.4%) Est. Cost $88.11 Unrealized +50.2%

CVX CHEVRON CORP NEW 1.1%

Value ($000) $67,357 (+3.7%) Shares 441,946 (+5.7%) Est. Cost $110.49 Unrealized +37.0%

EQIX EQUINIX INC 1.5%

Value ($000) $88,147 (+2.5%) Shares 115,050 (+4.8%) Est. Cost $780.76 Unrealized +0.1%

DHR DANAHER CORPORATION 0.2%

Value ($000) $10,553 (+16.7%) Shares 46,097 (+1.1%) Est. Cost $208.46 Unrealized +5.3%

RSG REPUBLIC SVCS INC 0.1%

Value ($000) $8,253 (-6.6%) Shares 38,943 (+1.2%) Est. Cost $117.05 Unrealized +83.3%

AWK AMERICAN WTR WKS CO INC NEW 0.4%

Value ($000) $23,954 (-1.0%) Shares 183,554 (+5.6%) Est. Cost $119.01 Unrealized +11.9%

FCX FREEPORT-MCMORAN INC 0.0%

Value ($000) $955 (+31.2%) Shares 18,799 (+1.3%) Est. Cost $37.96 Unrealized +14.1%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $2,134 (+11.9%) Shares 2,428 (+1.3%) Est. Cost $295.68 Unrealized +175.1%

T AT&T INC 0.0%

Value ($000) $731 (+30.6%) Shares 29,412 (+48.5%) Est. Cost $22.85 Unrealized +10.6%

SLF SUN LIFE FINANCIAL INC. 0.0%

Value ($000) $559 (+35.2%) Shares 8,956 (+30.1%) Est. Cost $48.86 Unrealized +23.7%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $3,081 (+4.5%) Shares 38,989 (+5.7%) Est. Cost $62.78 Unrealized +24.7%

B BARRICK MNG CORP 0.0%

Value ($000) $465 (+37.5%) Shares 10,670 (+3.6%) Est. Cost $19.92 Unrealized +87.8%

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value ($000) $355 (+40.6%) Shares 1,200 (+33.9%) Est. Cost $254.45 Unrealized +17.4%

KVUE KENVUE INC 0.0%

Value ($000) $988 (+10.6%) Shares 57,267 (+4.1%) Est. Cost $20.88 Unrealized -22.2%

APH AMPHENOL CORP NEW 0.0%

Value ($000) $350 (+17.3%) Shares 2,593 (+7.5%) Est. Cost $85.01 Unrealized +57.1%

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $258 (+19.5%) Shares 1,596 (+24.3%) Est. Cost $168.11 Unrealized -7.1%

BKNG BOOKING HOLDINGS INC 0.0%

Value ($000) $246 (+14.1%) Shares 46 (+15.0%) Est. Cost $4812.88 Unrealized +6.8%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $239 (+6.0%) Shares 1,376 (+12.2%) Est. Cost $173.88 Unrealized -1.8%

DLB DOLBY LABORATORIES INC 0.0%

Value ($000) $315 (-2.8%) Shares 4,907 (+9.5%) Est. Cost $60.95 Unrealized +9.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	971,189 (+9.0%)	$303,982 (+40.3%)	5.1%	$127.91	+123.3%	CAP STK CL A	02079K305
NFLX	NETFLIX INC	1,343,838 (+846.3%)	$125,998 (-26.0%)	2.1%	$101.47	+6.2%	COM	64110L106
MSFT	MICROSOFT CORP	1,079,909 (+1.3%)	$522,266 (-5.4%)	8.8%	$205.34	+143.8%	COM	594918104
HON	HONEYWELL INTL INC	174,110 (+143.5%)	$33,967 (+125.7%)	0.6%	$175.80	+10.9%	COM	438516106
DG	DOLLAR GEN CORP NEW	148,866 (+1343.2%)	$19,765 (+1754.0%)	0.3%	$116.78	-4.5%	COM	256677105
META	META PLATFORMS INC	251,297 (+1.3%)	$165,879 (-9.0%)	2.8%	$464.85	+43.6%	CL A	30303M102
MAR	MARRIOTT INTL INC NEW	245,886 (+5.1%)	$76,284 (+25.2%)	1.3%	$183.68	+55.3%	CL A	571903202
AVGO	BROADCOM INC	196,091 (+19.5%)	$67,867 (+25.4%)	1.1%	$313.41	+13.9%	COM	11135F101
SPGI	S&P GLOBAL INC	164,867 (+5.7%)	$86,158 (+13.5%)	1.4%	$426.16	+16.0%	COM	78409V104
PANW	PALO ALTO NETWORKS INC	938,272 (+4.5%)	$172,830 (-5.5%)	2.9%	$155.29	+29.9%	COM	697435105
TMUS	T-MOBILE US INC	465,838 (+7.8%)	$94,584 (-8.5%)	1.6%	$124.72	+69.4%	COM	872590104
ARES	ARES MANAGEMENT CORPORATION	704,069 (+5.6%)	$113,799 (+6.8%)	1.9%	$51.19	+202.7%	CL A COM STK	03990B101
LLY	ELI LILLY & CO	19,443 (+4.4%)	$20,895 (+47.0%)	0.4%	$641.03	+49.1%	COM	532457108
NEE	NEXTERA ENERGY INC	888,695 (+2.4%)	$71,344 (+8.9%)	1.2%	$67.78	+21.7%	COM	65339F101
ESS	ESSEX PPTY TR INC	25,314 (+187.7%)	$6,624 (+181.3%)	0.1%	$252.68	+1.4%	COM	297178105
MRSH	MARSH & MCLENNAN COS INC	456,857 (+12.7%)	$84,756 (+3.7%)	1.4%	$161.10	+15.7%	COM	571748102
ZTS	ZOETIS INC	487,241 (+11.0%)	$61,305 (-4.6%)	1.0%	$162.47	-19.8%	CL A	98978V103
EMR	EMERSON ELEC CO	804,338 (+1.4%)	$106,752 (+2.5%)	1.8%	$88.11	+50.2%	COM	291011104
CVX	CHEVRON CORP NEW	441,946 (+5.7%)	$67,357 (+3.7%)	1.1%	$110.49	+37.0%	COM	166764100
EQIX	EQUINIX INC	115,050 (+4.8%)	$88,147 (+2.5%)	1.5%	$780.76	+0.1%	COM	29444U700
DHR	DANAHER CORPORATION	46,097 (+1.1%)	$10,553 (+16.7%)	0.2%	$208.46	+5.3%	COM	235851102
RSG	REPUBLIC SVCS INC	38,943 (+1.2%)	$8,253 (-6.6%)	0.1%	$117.05	+83.3%	COM	760759100
AWK	AMERICAN WTR WKS CO INC NEW	183,554 (+5.6%)	$23,954 (-1.0%)	0.4%	$119.01	+11.9%	COM	030420103
FCX	FREEPORT-MCMORAN INC	18,799 (+1.3%)	$955 (+31.2%)	0.0%	$37.96	+14.1%	CL B	35671D857
GS	GOLDMAN SACHS GROUP INC	2,428 (+1.3%)	$2,134 (+11.9%)	0.0%	$295.68	+175.1%	COM	38141G104
T	AT&T INC	29,412 (+48.5%)	$731 (+30.6%)	0.0%	$22.85	+10.6%	COM	00206R102
SLF	SUN LIFE FINANCIAL INC.	8,956 (+30.1%)	$559 (+35.2%)	0.0%	$48.86	+23.7%	COM	866796105
CL	COLGATE PALMOLIVE CO	38,989 (+5.7%)	$3,081 (+4.5%)	0.1%	$62.78	+24.7%	COM	194162103
B	BARRICK MNG CORP	10,670 (+3.6%)	$465 (+37.5%)	0.0%	$19.92	+87.8%	COM SHS	06849F108
IBM	INTERNATIONAL BUSINESS MACHS	1,200 (+33.9%)	$355 (+40.6%)	0.0%	$254.45	+17.4%	COM	459200101
KVUE	KENVUE INC	57,267 (+4.1%)	$988 (+10.6%)	0.0%	$20.88	-22.2%	COM	49177J102
APH	AMPHENOL CORP NEW	2,593 (+7.5%)	$350 (+17.3%)	0.0%	$85.01	+57.1%	CL A	032095101
ICE	INTERCONTINENTAL EXCHANGE IN	1,596 (+24.3%)	$258 (+19.5%)	0.0%	$168.11	-7.1%	COM	45866F104
BKNG	BOOKING HOLDINGS INC	46 (+15.0%)	$246 (+14.1%)	0.0%	$4812.88	+6.8%	COM	09857L108
TXN	TEXAS INSTRS INC	1,376 (+12.2%)	$239 (+6.0%)	0.0%	$173.88	-1.8%	COM	882508104
DLB	DOLBY LABORATORIES INC	4,907 (+9.5%)	$315 (-2.8%)	0.0%	$60.95	+9.2%	COM CL A	25659T107

Exited Positions (3)

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $211 Shares 2,150 Est. Cost $93.52 Unrealized -3.7%

INTC INTEL CORP 0.0%

Value ($000) $200 Shares 5,964 Est. Cost $24.23 Unrealized +55.9%

PSLV SPROTT ASSET MANAGEMENT LP 0.0%

Value ($000) $53 Shares 3,400 Est. Cost $15.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	2,150	$211	0.0%	$93.52	-3.7%	—	90353T100
INTC	INTEL CORP	5,964	$200	0.0%	$24.23	+55.9%	—	458140100
PSLV	SPROTT ASSET MANAGEMENT LP	3,400	$53	0.0%	$15.70	—	—	85207K107

Decreased Positions (51)

MDLZ MONDELEZ INTL INC 0.9%

Value ($000) $55,872 (-25.1%) Shares 1,037,939 (-13.1%) Est. Cost $58.39 Unrealized -2.3%

URI UNITED RENTALS INC 1.4%

Value ($000) $83,174 (-17.8%) Shares 102,770 (-3.1%) Est. Cost $310.55 Unrealized +179.2%

AMD ADVANCED MICRO DEVICES INC 3.0%

Value ($000) $177,239 (+10.8%) Shares 827,599 (-16.3%) Est. Cost $168.57 Unrealized +33.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.0%

Value ($000) $120,171 (-9.7%) Shares 239,074 (-9.7%) Est. Cost $418.25 Unrealized +19.0%

KO COCA COLA CO 1.7%

Value ($000) $99,282 (-9.7%) Shares 1,420,145 (-14.4%) Est. Cost $51.76 Unrealized +34.1%

MU MICRON TECHNOLOGY INC 0.5%

Value ($000) $29,548 (+37.4%) Shares 103,530 (-19.4%) Est. Cost $56.49 Unrealized +306.0%

CRM SALESFORCE INC 0.2%

Value ($000) $10,929 (-40.2%) Shares 41,255 (-46.5%) Est. Cost $245.99 Unrealized +0.9%

AAPL APPLE INC 5.5%

Value ($000) $326,574 (+1.9%) Shares 1,201,257 (-4.6%) Est. Cost $186.58 Unrealized +43.8%

PHYS SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $7,797 (-40.1%) Shares 236,134 (-46.3%) Est. Cost $123.67 Unrealized —

NVDA NVIDIA CORPORATION 6.7%

Value ($000) $399,369 (-1.3%) Shares 2,141,390 (-1.2%) Est. Cost $108.36 Unrealized +71.8%

GOOG ALPHABET INC 0.4%

Value ($000) $26,413 (+21.1%) Shares 84,171 (-6.0%) Est. Cost $111.40 Unrealized +157.0%

XYL XYLEM INC 0.3%

Value ($000) $20,207 (-18.1%) Shares 148,385 (-11.2%) Est. Cost $82.85 Unrealized +73.3%

BAC BANK AMERICA CORP 1.4%

Value ($000) $83,411 (+4.6%) Shares 1,516,556 (-1.9%) Est. Cost $33.08 Unrealized +59.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.9%

Value ($000) $172,080 (+2.2%) Shares 566,259 (-6.1%) Est. Cost $189.45 Unrealized —

SYK STRYKER CORPORATION 0.6%

Value ($000) $33,125 (-8.5%) Shares 94,248 (-3.8%) Est. Cost $204.11 Unrealized +78.1%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $4,090 (-42.3%) Shares 27,901 (-29.6%) Est. Cost $198.96 Unrealized —

UNP UNION PAC CORP 0.6%

Value ($000) $35,168 (-7.0%) Shares 152,033 (-5.0%) Est. Cost $181.53 Unrealized +25.2%

FERG FERGUSON ENTERPRISES INC 0.3%

Value ($000) $18,253 (-12.2%) Shares 81,986 (-11.5%) Est. Cost $197.54 Unrealized +20.5%

SBS COMPANHIA DE SANEAMENTO BASI 0.3%

Value ($000) $15,005 (-14.2%) Shares 629,154 (-10.5%) Est. Cost $21.61 Unrealized —

AXP AMERICAN EXPRESS CO 0.5%

Value ($000) $31,476 (-5.6%) Shares 85,081 (-15.2%) Est. Cost $216.11 Unrealized +65.2%

PFE PFIZER INC 0.3%

Value ($000) $19,517 (-8.7%) Shares 783,815 (-6.5%) Est. Cost $29.27 Unrealized -14.5%

HD HOME DEPOT INC 0.1%

Value ($000) $8,369 (-16.6%) Shares 24,320 (-1.8%) Est. Cost $194.99 Unrealized +87.0%

JPM JPMORGAN CHASE & CO. 3.8%

Value ($000) $226,968 (+0.7%) Shares 704,389 (-1.4%) Est. Cost $116.26 Unrealized +166.3%

NKE NIKE INC 0.1%

Value ($000) $5,608 (-19.4%) Shares 88,029 (-11.8%) Est. Cost $99.37 Unrealized -34.7%

DIS DISNEY WALT CO 0.2%

Value ($000) $9,064 (-12.0%) Shares 79,667 (-11.4%) Est. Cost $116.47 Unrealized -6.0%

IP INTERNATIONAL PAPER CO 0.0%

Value ($000) $2,776 (-26.6%) Shares 70,487 (-13.5%) Est. Cost $52.74 Unrealized -22.5%

TSLA TESLA INC 0.1%

Value ($000) $8,877 (-8.8%) Shares 19,739 (-9.8%) Est. Cost $236.19 Unrealized +87.7%

GE GE AEROSPACE 0.1%

Value ($000) $4,514 (-14.3%) Shares 14,656 (-16.3%) Est. Cost $125.99 Unrealized +138.7%

KW KENNEDY-WILSON HOLDINGS INC 0.0%

Value ($000) $779 (-43.2%) Shares 80,523 (-51.1%) Est. Cost $14.43 Unrealized -37.9%

AYI ACUITY INC 0.1%

Value ($000) $4,104 (-12.3%) Shares 11,400 (-16.1%) Est. Cost $301.63 Unrealized +19.8%

ADBE ADOBE INC 0.1%

Value ($000) $5,531 (-7.6%) Shares 15,802 (-6.8%) Est. Cost $406.78 Unrealized -16.4%

PM PHILIP MORRIS INTL INC 0.2%

Value ($000) $9,617 (-3.1%) Shares 59,958 (-2.0%) Est. Cost $75.36 Unrealized +103.8%

TRI THOMSON REUTERS CORP 0.0%

Value ($000) $601 (-32.7%) Shares 4,553 (-20.9%) Est. Cost $135.40 Unrealized +4.2%

VMC VULCAN MATLS CO 0.0%

Value ($000) $1,635 (-15.1%) Shares 5,734 (-8.4%) Est. Cost $175.59 Unrealized +66.9%

BMY BRISTOL-MYERS SQUIBB CO 0.0%

Value ($000) $1,653 (-12.0%) Shares 30,652 (-26.5%) Est. Cost $48.10 Unrealized -1.2%

ASML ASML HOLDING N V 0.0%

Value ($000) $289 (-42.0%) Shares 230 (-47.5%) Est. Cost $1055.68 Unrealized —

WTS WATTS WATER TECHNOLOGIES INC 0.1%

Value ($000) $6,793 (-2.8%) Shares 24,609 (-1.6%) Est. Cost $139.43 Unrealized +97.9%

WMT WALMART INC 0.0%

Value ($000) $2,582 (+6.4%) Shares 23,173 (-1.5%) Est. Cost $49.74 Unrealized +115.5%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $1,666 (-8.3%) Shares 40,896 (-1.1%) Est. Cost $42.17 Unrealized -4.0%

CEF SPROTT ASSET MANAGEMENT LP 0.0%

Value ($000) $1,172 (-10.2%) Shares 25,598 (-28.1%) Est. Cost $15.36 Unrealized —

PEP PEPSICO INC 0.0%

Value ($000) $1,611 (-7.5%) Shares 11,228 (-9.4%) Est. Cost $115.35 Unrealized +26.5%

CBOE CBOE GLOBAL MKTS INC 0.0%

Value ($000) $1,511 (-6.9%) Shares 6,020 (-9.1%) Est. Cost $108.09 Unrealized +130.1%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $217 (-30.6%) Shares 1,223 (-28.7%) Est. Cost $117.28 Unrealized +54.4%

TD TORONTO DOMINION BK ONT 0.0%

Value ($000) $983 (+9.5%) Shares 10,425 (-7.1%) Est. Cost $63.08 Unrealized +33.9%

AIG AMERICAN INTL GROUP INC 0.1%

Value ($000) $3,662 (+2.2%) Shares 42,805 (-6.2%) Est. Cost $68.48 Unrealized +16.4%

WAT WATERS CORP 0.2%

Value ($000) $13,044 (+0.4%) Shares 34,342 (-20.7%) Est. Cost $265.45 Unrealized +38.6%

ABT ABBOTT LABS 0.0%

Value ($000) $490 (-9.6%) Shares 3,908 (-3.3%) Est. Cost $114.34 Unrealized +11.3%

CSCO CISCO SYS INC 0.0%

Value ($000) $647 (+6.7%) Shares 8,404 (-5.2%) Est. Cost $42.45 Unrealized +73.8%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $1,059 (-1.7%) Shares 5,183 (-3.0%) Est. Cost $102.06 Unrealized +97.7%

SHOP SHOPIFY INC 0.0%

Value ($000) $799 (+1.4%) Shares 4,962 (-6.4%) Est. Cost $105.08 Unrealized +52.8%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $3,578 (-0.3%) Shares 29,151 (-9.8%) Est. Cost $55.22 Unrealized +118.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDLZ	MONDELEZ INTL INC	1,037,939 (-13.1%)	$55,872 (-25.1%)	0.9%	$58.39	-2.3%	CL A	609207105
URI	UNITED RENTALS INC	102,770 (-3.1%)	$83,174 (-17.8%)	1.4%	$310.55	+179.2%	COM	911363109
AMD	ADVANCED MICRO DEVICES INC	827,599 (-16.3%)	$177,239 (+10.8%)	3.0%	$168.57	+33.2%	COM	007903107
BRK/B	BERKSHIRE HATHAWAY INC DEL	239,074 (-9.7%)	$120,171 (-9.7%)	2.0%	$418.25	+19.0%	CL B NEW	084670702
KO	COCA COLA CO	1,420,145 (-14.4%)	$99,282 (-9.7%)	1.7%	$51.76	+34.1%	COM	191216100
MU	MICRON TECHNOLOGY INC	103,530 (-19.4%)	$29,548 (+37.4%)	0.5%	$56.49	+306.0%	COM	595112103
CRM	SALESFORCE INC	41,255 (-46.5%)	$10,929 (-40.2%)	0.2%	$245.99	+0.9%	COM	79466L302
AAPL	APPLE INC	1,201,257 (-4.6%)	$326,574 (+1.9%)	5.5%	$186.58	+43.8%	COM	037833100
PHYS	SPROTT ASSET MANAGEMENT LP	236,134 (-46.3%)	$7,797 (-40.1%)	0.1%	$123.67	—	PHYSICAL GOLD TR	85207H104
NVDA	NVIDIA CORPORATION	2,141,390 (-1.2%)	$399,369 (-1.3%)	6.7%	$108.36	+71.8%	COM	67066G104
GOOG	ALPHABET INC	84,171 (-6.0%)	$26,413 (+21.1%)	0.4%	$111.40	+157.0%	CAP STK CL C	02079K107
XYL	XYLEM INC	148,385 (-11.2%)	$20,207 (-18.1%)	0.3%	$82.85	+73.3%	COM	98419M100
BAC	BANK AMERICA CORP	1,516,556 (-1.9%)	$83,411 (+4.6%)	1.4%	$33.08	+59.2%	COM	060505104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	566,259 (-6.1%)	$172,080 (+2.2%)	2.9%	$189.45	—	SPONSORED ADS	874039100
SYK	STRYKER CORPORATION	94,248 (-3.8%)	$33,125 (-8.5%)	0.6%	$204.11	+78.1%	COM	863667101
BABA	ALIBABA GROUP HLDG LTD	27,901 (-29.6%)	$4,090 (-42.3%)	0.1%	$198.96	—	SPONSORED ADS	01609W102
UNP	UNION PAC CORP	152,033 (-5.0%)	$35,168 (-7.0%)	0.6%	$181.53	+25.2%	COM	907818108
FERG	FERGUSON ENTERPRISES INC	81,986 (-11.5%)	$18,253 (-12.2%)	0.3%	$197.54	+20.5%	COMMON STOCK NEW	31488V107
SBS	COMPANHIA DE SANEAMENTO BASI	629,154 (-10.5%)	$15,005 (-14.2%)	0.3%	$21.61	—	SPONSORED ADR	20441A102
AXP	AMERICAN EXPRESS CO	85,081 (-15.2%)	$31,476 (-5.6%)	0.5%	$216.11	+65.2%	COM	025816109
PFE	PFIZER INC	783,815 (-6.5%)	$19,517 (-8.7%)	0.3%	$29.27	-14.5%	COM	717081103
HD	HOME DEPOT INC	24,320 (-1.8%)	$8,369 (-16.6%)	0.1%	$194.99	+87.0%	COM	437076102
JPM	JPMORGAN CHASE & CO.	704,389 (-1.4%)	$226,968 (+0.7%)	3.8%	$116.26	+166.3%	COM	46625H100
NKE	NIKE INC	88,029 (-11.8%)	$5,608 (-19.4%)	0.1%	$99.37	-34.7%	CL B	654106103
DIS	DISNEY WALT CO	79,667 (-11.4%)	$9,064 (-12.0%)	0.2%	$116.47	-6.0%	COM	254687106
IP	INTERNATIONAL PAPER CO	70,487 (-13.5%)	$2,776 (-26.6%)	0.0%	$52.74	-22.5%	COM	460146103
TSLA	TESLA INC	19,739 (-9.8%)	$8,877 (-8.8%)	0.1%	$236.19	+87.7%	COM	88160R101
GE	GE AEROSPACE	14,656 (-16.3%)	$4,514 (-14.3%)	0.1%	$125.99	+138.7%	COM NEW	369604301
KW	KENNEDY-WILSON HOLDINGS INC	80,523 (-51.1%)	$779 (-43.2%)	0.0%	$14.43	-37.9%	COM	489398107
AYI	ACUITY INC	11,400 (-16.1%)	$4,104 (-12.3%)	0.1%	$301.63	+19.8%	COM	00508Y102
ADBE	ADOBE INC	15,802 (-6.8%)	$5,531 (-7.6%)	0.1%	$406.78	-16.4%	COM	00724F101
PM	PHILIP MORRIS INTL INC	59,958 (-2.0%)	$9,617 (-3.1%)	0.2%	$75.36	+103.8%	COM	718172109
TRI	THOMSON REUTERS CORP	4,553 (-20.9%)	$601 (-32.7%)	0.0%	$135.40	+4.2%	COM	884903808
VMC	VULCAN MATLS CO	5,734 (-8.4%)	$1,635 (-15.1%)	0.0%	$175.59	+66.9%	COM	929160109
BMY	BRISTOL-MYERS SQUIBB CO	30,652 (-26.5%)	$1,653 (-12.0%)	0.0%	$48.10	-1.2%	COM	110122108
ASML	ASML HOLDING N V	230 (-47.5%)	$289 (-42.0%)	0.0%	$1055.68	—	N Y REGISTRY SHS	N07059210
WTS	WATTS WATER TECHNOLOGIES INC	24,609 (-1.6%)	$6,793 (-2.8%)	0.1%	$139.43	+97.9%	CL A	942749102
WMT	WALMART INC	23,173 (-1.5%)	$2,582 (+6.4%)	0.0%	$49.74	+115.5%	COM	931142103
VZ	VERIZON COMMUNICATIONS INC	40,896 (-1.1%)	$1,666 (-8.3%)	0.0%	$42.17	-4.0%	COM	92343V104
CEF	SPROTT ASSET MANAGEMENT LP	25,598 (-28.1%)	$1,172 (-10.2%)	0.0%	$15.36	—	PHYSICAL GOLD AN	85208R101
PEP	PEPSICO INC	11,228 (-9.4%)	$1,611 (-7.5%)	0.0%	$115.35	+26.5%	COM	713448108
CBOE	CBOE GLOBAL MKTS INC	6,020 (-9.1%)	$1,511 (-6.9%)	0.0%	$108.09	+130.1%	COM	12503M108
PLTR	PALANTIR TECHNOLOGIES INC	1,223 (-28.7%)	$217 (-30.6%)	0.0%	$117.28	+54.4%	CL A	69608A108
TD	TORONTO DOMINION BK ONT	10,425 (-7.1%)	$983 (+9.5%)	0.0%	$63.08	+33.9%	COM NEW	891160509
AIG	AMERICAN INTL GROUP INC	42,805 (-6.2%)	$3,662 (+2.2%)	0.1%	$68.48	+16.4%	COM NEW	026874784
WAT	WATERS CORP	34,342 (-20.7%)	$13,044 (+0.4%)	0.2%	$265.45	+38.6%	COM	941848103
ABT	ABBOTT LABS	3,908 (-3.3%)	$490 (-9.6%)	0.0%	$114.34	+11.3%	COM	002824100
CSCO	CISCO SYS INC	8,404 (-5.2%)	$647 (+6.7%)	0.0%	$42.45	+73.8%	COM	17275R102
EA	ELECTRONIC ARTS INC	5,183 (-3.0%)	$1,059 (-1.7%)	0.0%	$102.06	+97.7%	COM	285512109
SHOP	SHOPIFY INC	4,962 (-6.4%)	$799 (+1.4%)	0.0%	$105.08	+52.8%	CL A SUB VTG SHS	82509L107
GILD	GILEAD SCIENCES INC	29,151 (-9.8%)	$3,578 (-0.3%)	0.1%	$55.22	+118.9%	COM	375558103

Unchanged Positions (36)

TMO THERMO FISHER SCIENTIFIC INC 2.7%

Value ($000) $161,974 Shares 279,531 Est. Cost $446.68 Unrealized +26.5%

MRK MERCK & CO INC 2.1%

Value ($000) $125,397 Shares 1,191,309 Est. Cost $79.93 Unrealized +16.6%

AMZN AMAZON COM INC 6.4%

Value ($000) $382,446 Shares 1,656,903 Est. Cost $169.75 Unrealized +34.8%

ROK ROCKWELL AUTOMATION INC 2.3%

Value ($000) $138,433 Shares 355,804 Est. Cost $251.20 Unrealized +49.4%

V VISA INC 4.7%

Value ($000) $281,443 Shares 802,495 Est. Cost $196.78 Unrealized +73.0%

MKL MARKEL GROUP INC 1.3%

Value ($000) $78,080 Shares 36,322 Est. Cost $1472.20 Unrealized +37.6%

XOM EXXON MOBIL CORP 1.3%

Value ($000) $74,501 Shares 619,086 Est. Cost $95.55 Unrealized +20.9%

CAT CATERPILLAR INC 0.4%

Value ($000) $21,974 Shares 38,358 Est. Cost $132.43 Unrealized +319.5%

INTU INTUIT 2.0%

Value ($000) $118,941 Shares 179,556 Est. Cost $344.91 Unrealized +91.6%

ECL ECOLAB INC 0.3%

Value ($000) $15,083 Shares 57,453 Est. Cost $183.90 Unrealized +44.5%

RY ROYAL BK CDA 0.1%

Value ($000) $4,490 Shares 26,337 Est. Cost $83.24 Unrealized +84.5%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $3,363 Shares 23,466 Est. Cost $110.98 Unrealized +32.6%

SLB SLB LIMITED 0.0%

Value ($000) $2,101 Shares 54,747 Est. Cost $32.62 Unrealized +10.5%

MO ALTRIA GROUP INC 0.0%

Value ($000) $1,270 Shares 22,018 Est. Cost $30.27 Unrealized +96.1%

UPS UNITED PARCEL SERVICE INC 0.0%

Value ($000) $1,131 Shares 11,399 Est. Cost $107.67 Unrealized -13.9%

RTX RTX CORPORATION 0.0%

Value ($000) $1,806 Shares 9,847 Est. Cost $89.97 Unrealized +92.7%

AMGN AMGEN INC 0.0%

Value ($000) $1,162 Shares 3,550 Est. Cost $276.81 Unrealized +14.1%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $1,396 Shares 14,978 Est. Cost $44.61 Unrealized +94.2%

LYV LIVE NATION ENTERTAINMENT IN 0.0%

Value ($000) $891 Shares 6,250 Est. Cost $94.54 Unrealized +52.0%

CP CANADIAN PACIFIC KANSAS CITY 1.1%

Value ($000) $67,421 Shares 915,756 Est. Cost $81.38 Unrealized -9.6%

IVZ INVESCO LTD 0.0%

Value ($000) $847 Shares 32,245 Est. Cost $14.01 Unrealized +73.6%

MS MORGAN STANLEY 0.0%

Value ($000) $880 Shares 4,959 Est. Cost $99.59 Unrealized +67.2%

L LOEWS CORP 0.0%

Value ($000) $1,077 Shares 10,230 Est. Cost $49.16 Unrealized +110.0%

WM WASTE MGMT INC DEL 0.3%

Value ($000) $16,350 Shares 74,418 Est. Cost $115.86 Unrealized +83.5%

DE DEERE & CO 0.0%

Value ($000) $1,664 Shares 3,575 Est. Cost $255.21 Unrealized +83.3%

GEV GE VERNOVA INC 0.0%

Value ($000) $419 Shares 641 Est. Cost $191.56 Unrealized +217.9%

WDAY WORKDAY INC 0.0%

Value ($000) $204 Shares 952 Est. Cost $235.78 Unrealized -3.6%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $254 Shares 294 Est. Cost $922.64 Unrealized -1.8%

PSX PHILLIPS 66 0.0%

Value ($000) $314 Shares 2,430 Est. Cost $83.37 Unrealized +60.7%

COP CONOCOPHILLIPS 0.0%

Value ($000) $1,554 Shares 16,604 Est. Cost $49.39 Unrealized +82.3%

ABBV ABBVIE INC 0.0%

Value ($000) $1,157 Shares 5,064 Est. Cost $113.59 Unrealized +100.3%

ALL ALLSTATE CORP 0.0%

Value ($000) $354 Shares 1,700 Est. Cost $151.93 Unrealized +34.3%

MCD MCDONALDS CORP 0.0%

Value ($000) $2,163 Shares 7,077 Est. Cost $234.98 Unrealized +29.8%

FURY FURY GOLD MINES LIMITED 0.0%

Value ($000) $17 Shares 28,471 Est. Cost $1.60 Unrealized -61.5%

BMO BANK MONTREAL QUE 0.0%

Value ($000) $482 Shares 3,710 Est. Cost $87.67 Unrealized +44.4%

MA MASTERCARD INCORPORATED 0.0%

Value ($000) $411 Shares 720 Est. Cost $359.96 Unrealized +55.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	279,531	$161,974	2.7%	$446.68	+26.5%	COM	883556102
MRK	MERCK & CO INC	1,191,309	$125,397	2.1%	$79.93	+16.6%	COM	58933Y105
AMZN	AMAZON COM INC	1,656,903	$382,446	6.4%	$169.75	+34.8%	COM	023135106
ROK	ROCKWELL AUTOMATION INC	355,804	$138,433	2.3%	$251.20	+49.4%	COM	773903109
V	VISA INC	802,495	$281,443	4.7%	$196.78	+73.0%	COM CL A	92826C839
MKL	MARKEL GROUP INC	36,322	$78,080	1.3%	$1472.20	+37.6%	COM	570535104
XOM	EXXON MOBIL CORP	619,086	$74,501	1.3%	$95.55	+20.9%	COM	30231G102
CAT	CATERPILLAR INC	38,358	$21,974	0.4%	$132.43	+319.5%	COM	149123101
INTU	INTUIT	179,556	$118,941	2.0%	$344.91	+91.6%	COM	461202103
ECL	ECOLAB INC	57,453	$15,083	0.3%	$183.90	+44.5%	COM	278865100
RY	ROYAL BK CDA	26,337	$4,490	0.1%	$83.24	+84.5%	COM	780087102
PG	PROCTER AND GAMBLE CO	23,466	$3,363	0.1%	$110.98	+32.6%	COM	742718109
SLB	SLB LIMITED	54,747	$2,101	0.0%	$32.62	+10.5%	COM STK	806857108
MO	ALTRIA GROUP INC	22,018	$1,270	0.0%	$30.27	+96.1%	COM	02209S103
UPS	UNITED PARCEL SERVICE INC	11,399	$1,131	0.0%	$107.67	-13.9%	CL B	911312106
RTX	RTX CORPORATION	9,847	$1,806	0.0%	$89.97	+92.7%	COM	75513E101
AMGN	AMGEN INC	3,550	$1,162	0.0%	$276.81	+14.1%	COM	031162100
WFC	WELLS FARGO CO NEW	14,978	$1,396	0.0%	$44.61	+94.2%	COM	949746101
LYV	LIVE NATION ENTERTAINMENT IN	6,250	$891	0.0%	$94.54	+52.0%	COM	538034109
CP	CANADIAN PACIFIC KANSAS CITY	915,756	$67,421	1.1%	$81.38	-9.6%	COM	13646K108
IVZ	INVESCO LTD	32,245	$847	0.0%	$14.01	+73.6%	SHS	G491BT108
MS	MORGAN STANLEY	4,959	$880	0.0%	$99.59	+67.2%	COM NEW	617446448
L	LOEWS CORP	10,230	$1,077	0.0%	$49.16	+110.0%	COM	540424108
WM	WASTE MGMT INC DEL	74,418	$16,350	0.3%	$115.86	+83.5%	COM	94106L109
DE	DEERE & CO	3,575	$1,664	0.0%	$255.21	+83.3%	COM	244199105
GEV	GE VERNOVA INC	641	$419	0.0%	$191.56	+217.9%	COM	36828A101
WDAY	WORKDAY INC	952	$204	0.0%	$235.78	-3.6%	CL A	98138H101
COST	COSTCO WHSL CORP NEW	294	$254	0.0%	$922.64	-1.8%	COM	22160K105
PSX	PHILLIPS 66	2,430	$314	0.0%	$83.37	+60.7%	COM	718546104
COP	CONOCOPHILLIPS	16,604	$1,554	0.0%	$49.39	+82.3%	COM	20825C104
ABBV	ABBVIE INC	5,064	$1,157	0.0%	$113.59	+100.3%	COM	00287Y109
ALL	ALLSTATE CORP	1,700	$354	0.0%	$151.93	+34.3%	COM	020002101
MCD	MCDONALDS CORP	7,077	$2,163	0.0%	$234.98	+29.8%	COM	580135101
FURY	FURY GOLD MINES LIMITED	28,471	$17	0.0%	$1.60	-61.5%	COM	36117T100
BMO	BANK MONTREAL QUE	3,710	$482	0.0%	$87.67	+44.4%	COM	063671101
MA	MASTERCARD INCORPORATED	720	$411	0.0%	$359.96	+55.3%	CL A	57636Q104