Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IEX	IDEX CORP	203,824	$38.63M	3.2%	—	—	COM	45167R104
FTV	FORTIVE CORP	418,695	$23.15M	1.9%	—	—	COM	34959J108
HSY	HERSHEY CO	93,120	$19.36M	1.6%	—	—	COM	427866108
MA	MASTERCARD INCORPORATED	30,918	$15.45M	1.3%	—	—	CL A	57636Q104
ALC	ALCON AG	155,829	$11.74M	1.0%	—	—	ORD SHS	H01301128
MTD	METTLER TOLEDO INTERNATIONAL	8,653	$10.91M	0.9%	—	—	COM	592688105
NOW	SERVICENOW INC	97,155	$10.16M	0.9%	—	—	COM	81762P102
RBA	RB GLOBAL INC	100,501	$9.633M	0.8%	—	—	COM	74935Q107
MANH	MANHATTAN ASSOCIATES INC	71,913	$9.573M	0.8%	—	—	COM	562750109
LOW	LOWES COS INC	36,867	$8.711M	0.7%	—	—	COM	548661107
SNPS	SYNOPSYS INC	20,226	$8.019M	0.7%	—	—	COM	871607107
JPM	JPMORGAN CHASE & CO	23,689	$6.968M	0.6%	—	—	COM	46625H100
MSCI	MSCI INC	11,936	$6.434M	0.5%	—	—	COM	55354G100
BALL	BALL CORP	90,486	$5.349M	0.4%	—	—	COM	058498106
COST	COSTCO WHOLESALE CORPORATION	5,167	$5.149M	0.4%	—	—	COM	22160K105
MAR	MARRIOTT INTL INC NEW	14,802	$4.841M	0.4%	—	—	CL A	571903202
ABNB	AIRBNB INC	36,619	$4.624M	0.4%	—	—	COM CL A	009066101
WEX	WEX INC	29,404	$4.5M	0.4%	—	—	COM	96208T104
PTC	PTC INC	31,316	$4.462M	0.4%	—	—	COM	69370C100
WTW	WILLIS TOWERS WATSON PLC LTD	13,437	$3.906M	0.3%	—	—	SHS	G96629103
MOD	MODINE MFG CO	17,287	$3.746M	0.3%	—	—	COM	607828100
MNST	MONSTER BEVERAGE CORP NEW	39,456	$2.859M	0.2%	—	—	COM	61174X109
MEDP	MEDPACE HLDGS INC	5,869	$2.818M	0.2%	—	—	COM	58506Q109
JOYY	JOYY INC	34,020	$1.986M	0.2%	—	—	ADS REPSTG COM A	46591M109
MKC	MCCORMICK & CO INC	36,725	$1.852M	0.2%	—	—	COM NON VTG	579780206
LAB	STANDARD BIOTOOLS INC	1,766,781	$1.624M	0.1%	—	—	COM	34385P108
KLAR	KLARNA GROUP PLC	99,374	$1.301M	0.1%	—	—	SHS	G5279N105
NDAQ	NASDAQ INC	7,420	$630K	0.1%	—	—	COM	631103108
SPGI	S&P GLOBAL INC	593	$252K	0.0%	—	—	COM	78409V104

Increased Positions (38)

MKTX MARKETAXESS HLDGS INC 2.2%

Value $26.39M (+1306.1%) Shares 159,966 (+1444.8%) Est. Cost — Unrealized —

HD HOME DEPOT INC 2.3%

Value $27.61M (+278.3%) Shares 83,951 (+295.8%) Est. Cost — Unrealized —

LII LENNOX INTL INC 3.3%

Value $38.92M (+103.8%) Shares 83,859 (+113.2%) Est. Cost — Unrealized —

VLTO VERALTO CORP 2.3%

Value $27.81M (+137.6%) Shares 314,528 (+168.1%) Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 1.7%

Value $19.74M (+214.1%) Shares 40,158 (+270.3%) Est. Cost — Unrealized —

EW EDWARDS LIFESCIENCES CORP 1.2%

Value $14.1M (+560.0%) Shares 176,039 (+602.6%) Est. Cost — Unrealized —

PEP PEPSICO INC 1.6%

Value $19.23M (+150.1%) Shares 123,824 (+131.1%) Est. Cost — Unrealized —

DSGX DESCARTES SYS GROUP INC 2.4%

Value $28.06M (+61.9%) Shares 391,828 (+98.4%) Est. Cost — Unrealized —

ADSK AUTODESK INC 2.3%

Value $26.94M (+56.8%) Shares 112,523 (+93.9%) Est. Cost — Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 1.8%

Value $20.95M (+62.8%) Shares 133,219 (+67.6%) Est. Cost — Unrealized —

FERG FERGUSON ENTERPRISES INC 2.0%

Value $23.4M (+51.4%) Shares 100,332 (+44.5%) Est. Cost — Unrealized —

V VISA INC 1.5%

Value $18.02M (+75.3%) Shares 59,622 (+103.4%) Est. Cost — Unrealized —

ALLE ALLEGION PLC 3.2%

Value $38.65M (+22.4%) Shares 266,044 (+34.2%) Est. Cost — Unrealized —

VMC VULCAN MATLS CO 0.8%

Value $9.1M (+304.9%) Shares 33,419 (+324.2%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.8%

Value $9.678M (+197.5%) Shares 33,655 (+223.8%) Est. Cost — Unrealized —

APPF APPFOLIO INC 1.8%

Value $21.1M (+40.5%) Shares 133,705 (+107.2%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.1%

Value $13.43M (+81.7%) Shares 76,997 (+94.4%) Est. Cost — Unrealized —

ATR APTARGROUP INC 1.2%

Value $14.34M (+51.8%) Shares 113,777 (+46.9%) Est. Cost — Unrealized —

POOL POOL CORP 2.7%

Value $32.55M (+15.4%) Shares 160,882 (+30.4%) Est. Cost — Unrealized —

ABT ABBOTT LABORATORIES 0.3%

Value $4.113M (+628.1%) Shares 40,063 (+788.5%) Est. Cost — Unrealized —

ZTS ZOETIS INC 1.3%

Value $15.47M (+27.8%) Shares 130,871 (+36.0%) Est. Cost — Unrealized —

HEI/A HEICO CORP NEW 2.2%

Value $26.69M (+14.1%) Shares 126,426 (+36.4%) Est. Cost — Unrealized —

UNP UNION PAC CORP 3.2%

Value $38.64M (+8.4%) Shares 159,274 (+3.3%) Est. Cost — Unrealized —

INTU INTUIT 1.3%

Value $15.41M (-15.9%) Shares 35,647 (+28.9%) Est. Cost — Unrealized —

DUK DUKE ENERGY CORP NEW 0.5%

Value $6.342M (+73.8%) Shares 48,438 (+55.6%) Est. Cost — Unrealized —

BRBR BELLRING BRANDS INC 0.4%

Value $4.467M (+141.1%) Shares 277,598 (+300.6%) Est. Cost — Unrealized —

AWK AMERICAN WTR WKS CO INC NEW 2.5%

Value $30.11M (+8.7%) Shares 221,282 (+4.3%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.4%

Value $17M (+13.1%) Shares 45,920 (+47.7%) Est. Cost — Unrealized —

GTM ZOOMINFO TECHNOLOGIES INC 0.2%

Value $2.842M (-40.3%) Shares 475,244 (+1.6%) Est. Cost — Unrealized —

COO COOPER COS INC 0.7%

Value $8.091M (+28.8%) Shares 113,157 (+47.6%) Est. Cost — Unrealized —

KKR KKR & CO INC 1.0%

Value $12.31M (+8.7%) Shares 133,044 (+49.9%) Est. Cost — Unrealized —

META META PLATFORMS INC 0.6%

Value $6.648M (+14.5%) Shares 11,619 (+32.1%) Est. Cost — Unrealized —

PAYX PAYCHEX INC 0.8%

Value $9.525M (+9.2%) Shares 103,401 (+33.0%) Est. Cost — Unrealized —

CELH CELSIUS HLDGS INC 0.4%

Value $4.528M (+13.4%) Shares 127,612 (+46.2%) Est. Cost — Unrealized —

TTAN SERVICETITAN INC 0.2%

Value $2.753M (+20.8%) Shares 43,379 (+102.8%) Est. Cost — Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 1.5%

Value $18.14M (+2.4%) Shares 89,263 (+29.7%) Est. Cost — Unrealized —

RNR RENAISSANCERE HLDGS LTD 0.2%

Value $2.964M (+7.4%) Shares 9,971 (+1.6%) Est. Cost — Unrealized —

RGEN REPLIGEN CORP 0.4%

Value $4.635M (+0.6%) Shares 39,340 (+39.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MKTX	MARKETAXESS HLDGS INC	159,966 (+1444.8%)	$26.39M (+1306.1%)	2.2%	—	—	COM	57060D108
HD	HOME DEPOT INC	83,951 (+295.8%)	$27.61M (+278.3%)	2.3%	—	—	COM	437076102
LII	LENNOX INTL INC	83,859 (+113.2%)	$38.92M (+103.8%)	3.3%	—	—	COM	526107107
VLTO	VERALTO CORP	314,528 (+168.1%)	$27.81M (+137.6%)	2.3%	—	—	COM SHS	92338C103
TMO	THERMO FISHER SCIENTIFIC INC	40,158 (+270.3%)	$19.74M (+214.1%)	1.7%	—	—	COM	883556102
EW	EDWARDS LIFESCIENCES CORP	176,039 (+602.6%)	$14.1M (+560.0%)	1.2%	—	—	COM	28176E108
PEP	PEPSICO INC	123,824 (+131.1%)	$19.23M (+150.1%)	1.6%	—	—	COM	713448108
DSGX	DESCARTES SYS GROUP INC	391,828 (+98.4%)	$28.06M (+61.9%)	2.4%	—	—	COM	249906108
ADSK	AUTODESK INC	112,523 (+93.9%)	$26.94M (+56.8%)	2.3%	—	—	COM	052769106
ICE	INTERCONTINENTAL EXCHANGE IN	133,219 (+67.6%)	$20.95M (+62.8%)	1.8%	—	—	COM	45866F104
FERG	FERGUSON ENTERPRISES INC	100,332 (+44.5%)	$23.4M (+51.4%)	2.0%	—	—	COMMON STOCK NEW	31488V107
V	VISA INC	59,622 (+103.4%)	$18.02M (+75.3%)	1.5%	—	—	COM CL A	92826C839
ALLE	ALLEGION PLC	266,044 (+34.2%)	$38.65M (+22.4%)	3.2%	—	—	ORD SHS	G0176J109
VMC	VULCAN MATLS CO	33,419 (+324.2%)	$9.1M (+304.9%)	0.8%	—	—	COM	929160109
GOOGL	ALPHABET INC	33,655 (+223.8%)	$9.678M (+197.5%)	0.8%	—	—	CAP STK CL A	02079K305
APPF	APPFOLIO INC	133,705 (+107.2%)	$21.1M (+40.5%)	1.8%	—	—	COM CL A	03783C100
NVDA	NVIDIA CORPORATION	76,997 (+94.4%)	$13.43M (+81.7%)	1.1%	—	—	COM	67066G104
ATR	APTARGROUP INC	113,777 (+46.9%)	$14.34M (+51.8%)	1.2%	—	—	COM	038336103
POOL	POOL CORP	160,882 (+30.4%)	$32.55M (+15.4%)	2.7%	—	—	COM	73278L105
ABT	ABBOTT LABORATORIES	40,063 (+788.5%)	$4.113M (+628.1%)	0.3%	—	—	COM	002824100
ZTS	ZOETIS INC	130,871 (+36.0%)	$15.47M (+27.8%)	1.3%	—	—	CL A	98978V103
HEI/A	HEICO CORP NEW	126,426 (+36.4%)	$26.69M (+14.1%)	2.2%	—	—	CL A	422806208
UNP	UNION PAC CORP	159,274 (+3.3%)	$38.64M (+8.4%)	3.2%	—	—	COM	907818108
INTU	INTUIT	35,647 (+28.9%)	$15.41M (-15.9%)	1.3%	—	—	COM	461202103
DUK	DUKE ENERGY CORP NEW	48,438 (+55.6%)	$6.342M (+73.8%)	0.5%	—	—	COM NEW	26441C204
BRBR	BELLRING BRANDS INC	277,598 (+300.6%)	$4.467M (+141.1%)	0.4%	—	—	COMMON STOCK	07831C103
AWK	AMERICAN WTR WKS CO INC NEW	221,282 (+4.3%)	$30.11M (+8.7%)	2.5%	—	—	COM	030420103
MSFT	MICROSOFT CORP	45,920 (+47.7%)	$17M (+13.1%)	1.4%	—	—	COM	594918104
GTM	ZOOMINFO TECHNOLOGIES INC	475,244 (+1.6%)	$2.842M (-40.3%)	0.2%	—	—	COMMON STOCK	98980F104
COO	COOPER COS INC	113,157 (+47.6%)	$8.091M (+28.8%)	0.7%	—	—	COM	216648501
KKR	KKR & CO INC	133,044 (+49.9%)	$12.31M (+8.7%)	1.0%	—	—	COM	48251W104
META	META PLATFORMS INC	11,619 (+32.1%)	$6.648M (+14.5%)	0.6%	—	—	CL A	30303M102
PAYX	PAYCHEX INC	103,401 (+33.0%)	$9.525M (+9.2%)	0.8%	—	—	COM	704326107
CELH	CELSIUS HLDGS INC	127,612 (+46.2%)	$4.528M (+13.4%)	0.4%	—	—	COM NEW	15118V207
TTAN	SERVICETITAN INC	43,379 (+102.8%)	$2.753M (+20.8%)	0.2%	—	—	SHS CL A	81764X103
ADP	AUTOMATIC DATA PROCESSING IN	89,263 (+29.7%)	$18.14M (+2.4%)	1.5%	—	—	COM	053015103
RNR	RENAISSANCERE HLDGS LTD	9,971 (+1.6%)	$2.964M (+7.4%)	0.2%	—	—	COM	G7496G103
RGEN	REPLIGEN CORP	39,340 (+39.9%)	$4.635M (+0.6%)	0.4%	—	—	COM	759916109

Exited Positions (28)

KMB KIMBERLY-CLARK CORP 1.9%

Value $22.93M Shares 227,278 Est. Cost — Unrealized —

EQIX EQUINIX INC 1.5%

Value $18.01M Shares 23,507 Est. Cost — Unrealized —

CLX CLOROX CO DEL 1.5%

Value $17.75M Shares 176,016 Est. Cost — Unrealized —

RVTY REVVITY INC 1.3%

Value $15.62M Shares 161,493 Est. Cost — Unrealized —

VEEV VEEVA SYS INC 1.0%

Value $12.36M Shares 55,353 Est. Cost — Unrealized —

TRU TRANSUNION 0.9%

Value $11.02M Shares 128,500 Est. Cost — Unrealized —

LIN LINDE PLC 0.9%

Value $10.79M Shares 25,295 Est. Cost — Unrealized —

DHR DANAHER CORPORATION 0.8%

Value $9.725M Shares 42,480 Est. Cost — Unrealized —

MORN MORNINGSTAR INC 0.8%

Value $9.487M Shares 43,658 Est. Cost — Unrealized —

MDLZ MONDELEZ INTL INC 0.8%

Value $9.417M Shares 174,942 Est. Cost — Unrealized —

APD AIR PRODS & CHEMS INC 0.8%

Value $9.415M Shares 38,113 Est. Cost — Unrealized —

CCI CROWN CASTLE INC 0.8%

Value $9.317M Shares 104,843 Est. Cost — Unrealized —

WDAY WORKDAY INC 0.8%

Value $9.3M Shares 43,300 Est. Cost — Unrealized —

MRSH MARSH & MCLENNAN COS INC 0.6%

Value $6.647M Shares 35,830 Est. Cost — Unrealized —

WEC WEC ENERGY GROUP INC 0.6%

Value $6.564M Shares 62,242 Est. Cost — Unrealized —

KO COCA COLA CO 0.5%

Value $5.987M Shares 85,634 Est. Cost — Unrealized —

CWEN/A CLEARWAY ENERGY INC 0.4%

Value $5.114M Shares 162,771 Est. Cost — Unrealized —

PCTY PAYLOCITY HLDG CORP 0.4%

Value $5.075M Shares 33,279 Est. Cost — Unrealized —

IDXX IDEXX LABS INC 0.3%

Value $4.053M Shares 5,991 Est. Cost — Unrealized —

GWRE GUIDEWIRE SOFTWARE INC 0.3%

Value $3.937M Shares 19,584 Est. Cost — Unrealized —

IT GARTNER INC 0.3%

Value $3.815M Shares 15,124 Est. Cost — Unrealized —

ROP ROPER TECHNOLOGIES INC 0.3%

Value $3.752M Shares 8,428 Est. Cost — Unrealized —

RYAN RYAN SPECIALTY HOLDINGS INC 0.3%

Value $3.64M Shares 70,506 Est. Cost — Unrealized —

BL BLACKLINE INC 0.3%

Value $3.554M Shares 64,277 Est. Cost — Unrealized —

BF/A BROWN FORMAN CORP 0.1%

Value $1.684M Shares 63,991 Est. Cost — Unrealized —

ARMK ARAMARK 0.1%

Value $1.559M Shares 42,289 Est. Cost — Unrealized —

EFX EQUIFAX INC 0.0%

Value $482K Shares 2,222 Est. Cost — Unrealized —

BF/B BROWN FORMAN CORP 0.0%

Value $268K Shares 10,297 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KMB	KIMBERLY-CLARK CORP	227,278	$22.93M	1.9%	—	—	—	494368103
EQIX	EQUINIX INC	23,507	$18.01M	1.5%	—	—	—	29444U700
CLX	CLOROX CO DEL	176,016	$17.75M	1.5%	—	—	—	189054109
RVTY	REVVITY INC	161,493	$15.62M	1.3%	—	—	—	714046109
VEEV	VEEVA SYS INC	55,353	$12.36M	1.0%	—	—	—	922475108
TRU	TRANSUNION	128,500	$11.02M	0.9%	—	—	—	89400J107
LIN	LINDE PLC	25,295	$10.79M	0.9%	—	—	—	G54950103
DHR	DANAHER CORPORATION	42,480	$9.725M	0.8%	—	—	—	235851102
MORN	MORNINGSTAR INC	43,658	$9.487M	0.8%	—	—	—	617700109
MDLZ	MONDELEZ INTL INC	174,942	$9.417M	0.8%	—	—	—	609207105
APD	AIR PRODS & CHEMS INC	38,113	$9.415M	0.8%	—	—	—	009158106
CCI	CROWN CASTLE INC	104,843	$9.317M	0.8%	—	—	—	22822V101
WDAY	WORKDAY INC	43,300	$9.3M	0.8%	—	—	—	98138H101
MRSH	MARSH & MCLENNAN COS INC	35,830	$6.647M	0.6%	—	—	—	571748102
WEC	WEC ENERGY GROUP INC	62,242	$6.564M	0.6%	—	—	—	92939U106
KO	COCA COLA CO	85,634	$5.987M	0.5%	—	—	—	191216100
CWEN/A	CLEARWAY ENERGY INC	162,771	$5.114M	0.4%	—	—	—	18539C105
PCTY	PAYLOCITY HLDG CORP	33,279	$5.075M	0.4%	—	—	—	70438V106
IDXX	IDEXX LABS INC	5,991	$4.053M	0.3%	—	—	—	45168D104
GWRE	GUIDEWIRE SOFTWARE INC	19,584	$3.937M	0.3%	—	—	—	40171V100
IT	GARTNER INC	15,124	$3.815M	0.3%	—	—	—	366651107
ROP	ROPER TECHNOLOGIES INC	8,428	$3.752M	0.3%	—	—	—	776696106
RYAN	RYAN SPECIALTY HOLDINGS INC	70,506	$3.64M	0.3%	—	—	—	78351F107
BL	BLACKLINE INC	64,277	$3.554M	0.3%	—	—	—	09239B109
BF/A	BROWN FORMAN CORP	63,991	$1.684M	0.1%	—	—	—	115637100
ARMK	ARAMARK	42,289	$1.559M	0.1%	—	—	—	03852U106
EFX	EQUIFAX INC	2,222	$482K	0.0%	—	—	—	294429105
BF/B	BROWN FORMAN CORP	10,297	$268K	0.0%	—	—	—	115637209

Decreased Positions (34)

OTIS OTIS WORLDWIDE CORP 0.8%

Value $9.731M (-71.8%) Shares 126,251 (-68.1%) Est. Cost — Unrealized —

SYK STRYKER CORPORATION 0.1%

Value $1.598M (-93.0%) Shares 4,862 (-92.5%) Est. Cost — Unrealized —

CSGP COSTAR GROUP INC 0.6%

Value $7.635M (-72.8%) Shares 189,258 (-54.6%) Est. Cost — Unrealized —

ECL ECOLAB INC 0.7%

Value $7.873M (-69.5%) Shares 29,597 (-69.9%) Est. Cost — Unrealized —

TYL TYLER TECHNOLOGIES INC 0.6%

Value $7.554M (-66.3%) Shares 22,064 (-55.4%) Est. Cost — Unrealized —

CHD CHURCH & DWIGHT CO INC 0.2%

Value $2.266M (-86.7%) Shares 24,277 (-88.0%) Est. Cost — Unrealized —

PCOR PROCORE TECHNOLOGIES INC 0.2%

Value $2.531M (-82.6%) Shares 44,402 (-77.7%) Est. Cost — Unrealized —

FDS FACTSET RESH SYS INC 1.2%

Value $14.46M (-45.1%) Shares 66,652 (-26.5%) Est. Cost — Unrealized —

AMT AMERICAN TOWER CORP 0.6%

Value $7.22M (-61.3%) Shares 41,835 (-60.7%) Est. Cost — Unrealized —

FOX FOX CORP 2.8%

Value $33.56M (-25.4%) Shares 632,025 (-8.7%) Est. Cost — Unrealized —

IQV IQVIA HLDGS INC 0.6%

Value $7.653M (-59.1%) Shares 44,878 (-45.9%) Est. Cost — Unrealized —

MCD MCDONALDS CORP 0.0%

Value $530K (-95.3%) Shares 1,704 (-95.4%) Est. Cost — Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.8%

Value $9.995M (-48.0%) Shares 127,031 (-51.4%) Est. Cost — Unrealized —

A AGILENT TECHNOLOGIES INC 0.4%

Value $4.307M (-66.9%) Shares 37,789 (-60.5%) Est. Cost — Unrealized —

BSY BENTLEY SYS INC 1.1%

Value $13.15M (-36.3%) Shares 374,524 (-30.8%) Est. Cost — Unrealized —

BSX BOSTON SCIENTIFIC CORP 1.0%

Value $11.68M (-37.8%) Shares 186,094 (-5.6%) Est. Cost — Unrealized —

WMB WILLIAMS COS INC 0.4%

Value $4.581M (-60.2%) Shares 62,942 (-67.1%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 2.2%

Value $25.8M (-19.7%) Shares 123,889 (-11.0%) Est. Cost — Unrealized —

VRT VERTIV HOLDINGS CO 0.3%

Value $3.435M (-64.7%) Shares 13,710 (-77.2%) Est. Cost — Unrealized —

MTH MERITAGE HOMES CORP 1.3%

Value $15.44M (-28.4%) Shares 249,624 (-23.9%) Est. Cost — Unrealized —

APH AMPHENOL CORP 0.8%

Value $9.879M (-37.9%) Shares 78,186 (-33.6%) Est. Cost — Unrealized —

XEL XCEL ENERGY INC 1.2%

Value $13.73M (-24.5%) Shares 172,854 (-29.8%) Est. Cost — Unrealized —

TT TRANE TECHNOLOGIES PLC 1.9%

Value $22.47M (-15.7%) Shares 53,922 (-21.2%) Est. Cost — Unrealized —

TMHC TAYLOR MORRISON HOME CORP 0.3%

Value $3.783M (-49.2%) Shares 64,963 (-48.6%) Est. Cost — Unrealized —

RKT ROCKET COS INC 0.4%

Value $4.958M (-42.3%) Shares 347,926 (-21.6%) Est. Cost — Unrealized —

ODFL OLD DOMINION FREIGHT LINE IN 0.6%

Value $7.581M (-30.0%) Shares 38,796 (-43.9%) Est. Cost — Unrealized —

BLKB BLACKBAUD INC 0.2%

Value $2.71M (-52.2%) Shares 70,196 (-21.5%) Est. Cost — Unrealized —

XYZ BLOCK INC 0.2%

Value $2.083M (-57.0%) Shares 34,620 (-53.5%) Est. Cost — Unrealized —

AON AON PLC 0.9%

Value $10.16M (-16.0%) Shares 31,483 (-8.2%) Est. Cost — Unrealized —

STE STERIS PLC 0.8%

Value $9.618M (-14.7%) Shares 43,495 (-2.2%) Est. Cost — Unrealized —

BLD TOPBUILD COR 0.3%

Value $3.616M (-24.8%) Shares 10,292 (-10.7%) Est. Cost — Unrealized —

ACGL ARCH CAP GROUP LTD 0.6%

Value $6.755M (-10.4%) Shares 70,370 (-10.5%) Est. Cost — Unrealized —

TW TRADEWEB MKTS INC 1.0%

Value $12.04M (+4.6%) Shares 102,289 (-4.4%) Est. Cost — Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.1%

Value $1.337M (+9.5%) Shares 4,756 (-2.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OTIS	OTIS WORLDWIDE CORP	126,251 (-68.1%)	$9.731M (-71.8%)	0.8%	—	—	COM	68902V107
SYK	STRYKER CORPORATION	4,862 (-92.5%)	$1.598M (-93.0%)	0.1%	—	—	COM	863667101
CSGP	COSTAR GROUP INC	189,258 (-54.6%)	$7.635M (-72.8%)	0.6%	—	—	COM	22160N109
ECL	ECOLAB INC	29,597 (-69.9%)	$7.873M (-69.5%)	0.7%	—	—	COM	278865100
TYL	TYLER TECHNOLOGIES INC	22,064 (-55.4%)	$7.554M (-66.3%)	0.6%	—	—	COM	902252105
CHD	CHURCH & DWIGHT CO INC	24,277 (-88.0%)	$2.266M (-86.7%)	0.2%	—	—	COM	171340102
PCOR	PROCORE TECHNOLOGIES INC	44,402 (-77.7%)	$2.531M (-82.6%)	0.2%	—	—	COM	74275K108
FDS	FACTSET RESH SYS INC	66,652 (-26.5%)	$14.46M (-45.1%)	1.2%	—	—	COM	303075105
AMT	AMERICAN TOWER CORP	41,835 (-60.7%)	$7.22M (-61.3%)	0.6%	—	—	COM	03027X100
FOX	FOX CORP	632,025 (-8.7%)	$33.56M (-25.4%)	2.8%	—	—	CL B COM	35137L204
IQV	IQVIA HLDGS INC	44,878 (-45.9%)	$7.653M (-59.1%)	0.6%	—	—	COM	46266C105
MCD	MCDONALDS CORP	1,704 (-95.4%)	$530K (-95.3%)	0.0%	—	—	COM	580135101
CP	CANADIAN PACIFIC KANSAS CITY	127,031 (-51.4%)	$9.995M (-48.0%)	0.8%	—	—	COM	13646K108
A	AGILENT TECHNOLOGIES INC	37,789 (-60.5%)	$4.307M (-66.9%)	0.4%	—	—	COM	00846U101
BSY	BENTLEY SYS INC	374,524 (-30.8%)	$13.15M (-36.3%)	1.1%	—	—	COM CL B	08265T208
BSX	BOSTON SCIENTIFIC CORP	186,094 (-5.6%)	$11.68M (-37.8%)	1.0%	—	—	COM	101137107
WMB	WILLIAMS COS INC	62,942 (-67.1%)	$4.581M (-60.2%)	0.4%	—	—	COM	969457100
AMZN	AMAZON COM INC	123,889 (-11.0%)	$25.8M (-19.7%)	2.2%	—	—	COM	023135106
VRT	VERTIV HOLDINGS CO	13,710 (-77.2%)	$3.435M (-64.7%)	0.3%	—	—	COM CL A	92537N108
MTH	MERITAGE HOMES CORP	249,624 (-23.9%)	$15.44M (-28.4%)	1.3%	—	—	COM	59001A102
APH	AMPHENOL CORP	78,186 (-33.6%)	$9.879M (-37.9%)	0.8%	—	—	CL A	032095101
XEL	XCEL ENERGY INC	172,854 (-29.8%)	$13.73M (-24.5%)	1.2%	—	—	COM	98389B100
TT	TRANE TECHNOLOGIES PLC	53,922 (-21.2%)	$22.47M (-15.7%)	1.9%	—	—	SHS	G8994E103
TMHC	TAYLOR MORRISON HOME CORP	64,963 (-48.6%)	$3.783M (-49.2%)	0.3%	—	—	COM	87724P106
RKT	ROCKET COS INC	347,926 (-21.6%)	$4.958M (-42.3%)	0.4%	—	—	COM CL A	77311W101
ODFL	OLD DOMINION FREIGHT LINE IN	38,796 (-43.9%)	$7.581M (-30.0%)	0.6%	—	—	COM	679580100
BLKB	BLACKBAUD INC	70,196 (-21.5%)	$2.71M (-52.2%)	0.2%	—	—	COM	09227Q100
XYZ	BLOCK INC	34,620 (-53.5%)	$2.083M (-57.0%)	0.2%	—	—	CL A	852234103
AON	AON PLC	31,483 (-8.2%)	$10.16M (-16.0%)	0.9%	—	—	SHS CL A	G0403H108
STE	STERIS PLC	43,495 (-2.2%)	$9.618M (-14.7%)	0.8%	—	—	SHS USD	G8473T100
BLD	TOPBUILD COR	10,292 (-10.7%)	$3.616M (-24.8%)	0.3%	—	—	COM	89055F103
ACGL	ARCH CAP GROUP LTD	70,370 (-10.5%)	$6.755M (-10.4%)	0.6%	—	—	ORD	G0450A105
TW	TRADEWEB MKTS INC	102,289 (-4.4%)	$12.04M (+4.6%)	1.0%	—	—	CL A	892672106
CBOE	CBOE GLOBAL MKTS INC	4,756 (-2.2%)	$1.337M (+9.5%)	0.1%	—	—	COM	12503M108