Henshaw Capital LLC Diversified Active

Name: Henshaw Capital LLC Q3 2026 13F Filing | 13F Explorer
Creator: Henshaw Capital LLC
Published: 2026-11-03

Location: Woburn, MA

CIK: 0002131483 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Nov 3, 2026

Total Value: $3.229B (100.0% shares, 0.0% debt)

Holdings (107)

New Positions (3)

VEA VANGUARD TAX-MANAGED FDS 5.0%

Value $160M Shares 2,266,422 Share Price $70.61 Est. Cost/Share $71.74 Unrealized @ Report Date -1.6%

XOM EXXONMOBIL HOLDINGS CORP 1.8%

Value $57.29M Shares 352,025 Share Price $162.75 Est. Cost/Share $162.75 Unrealized @ Report Date —

ING ING GROEP N.V. 0.0%

Value $683K Shares 19,233 Share Price $35.50 Est. Cost/Share $34.86 Unrealized @ Report Date +1.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEA	VANGUARD TAX-MANAGED FDS	2,266,422	$160M	5.0%	$70.61	$71.74	-1.6%	VAN FTSE DEV MKT	921943858
XOM	EXXONMOBIL HOLDINGS CORP	352,025	$57.29M	1.8%	$162.75	$162.75	—	COM SHS	30233Q108
ING	ING GROEP N.V.	19,233	$683K	0.0%	$35.50	$34.86	+1.8%	SPONSORED ADR	456837103

Increased Positions (7)

ASML ASML HLDG NV 2.1%

Value $67.88M (+3245.1%) Shares 37,468 (+3573.3%) Share Price $1811.67 Est. Cost/Share $1705.86 Unrealized @ Report Date +6.2%

AMZN AMAZON COM INC 4.4%

Value $143M (+83.9%) Shares 572,829 (+75.9%) Share Price $249.15 Est. Cost/Share $176.88 Unrealized @ Report Date +40.9%

ICLR ICON PUB LTD CO 0.0%

Value $1.029M (+31.7%) Shares 6,056 (+34.6%) Share Price $169.99 Est. Cost/Share $175.47 Unrealized @ Report Date -3.1%

CNI CANADIAN NATL RY CO 0.0%

Value $925K (+29.9%) Shares 7,776 (+30.3%) Share Price $118.90 Est. Cost/Share $112.94 Unrealized @ Report Date +5.3%

YUMC YUM CHINA HLDGS INC 0.0%

Value $622K (+30.8%) Shares 15,138 (+29.7%) Share Price $41.10 Est. Cost/Share $45.47 Unrealized @ Report Date -9.6%

CAE CAE INC 0.0%

Value $808K (+18.8%) Shares 33,634 (+24.0%) Share Price $24.01 Est. Cost/Share $27.49 Unrealized @ Report Date -12.7%

ABEV AMBEV SA 0.0%

Value $629K (+15.8%) Shares 215,338 (+24.5%) Share Price $2.92 Est. Cost/Share $2.50 Unrealized @ Report Date +16.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ASML	ASML HLDG NV	37,468 (+3573.3%)	$67.88M (+3245.1%)	2.1%	$1811.67	$1705.86	+6.2%	N Y REGISTRY SHS	N07059210
AMZN	AMAZON COM INC	572,829 (+75.9%)	$143M (+83.9%)	4.4%	$249.15	$176.88	+40.9%	COM	023135106
ICLR	ICON PUB LTD CO	6,056 (+34.6%)	$1.029M (+31.7%)	0.0%	$169.99	$175.47	-3.1%	SHS	G4705A100
CNI	CANADIAN NATL RY CO	7,776 (+30.3%)	$925K (+29.9%)	0.0%	$118.90	$112.94	+5.3%	COM	136375102
YUMC	YUM CHINA HLDGS INC	15,138 (+29.7%)	$622K (+30.8%)	0.0%	$41.10	$45.47	-9.6%	COM	98850P109
CAE	CAE INC	33,634 (+24.0%)	$808K (+18.8%)	0.0%	$24.01	$27.49	-12.7%	COM	124765108
ABEV	AMBEV SA	215,338 (+24.5%)	$629K (+15.8%)	0.0%	$2.92	$2.50	+16.8%	SPONSORED ADR	02319V103

Exited Positions (56)

XOM EXXON MOBIL CORP 1.5%

Value $48.13M Shares 352,025 Share Price $136.72 * Est. Cost/Share $67.46 Unrealized @ Report Date +141.3%

CSL CARLISLE COS INC 0.2%

Value $5.127M Shares 14,134 Share Price $362.76 * Est. Cost/Share $122.92 Unrealized @ Report Date +162.1%

BURL BURLINGTON STORES INC 0.1%

Value $4.176M Shares 13,182 Share Price $316.80 * Est. Cost/Share $189.99 Unrealized @ Report Date +40.6%

CACI CACI INTL INC 0.1%

Value $3.786M Shares 8,172 Share Price $463.26 * Est. Cost/Share $265.27 Unrealized @ Report Date +129.6%

ARMK ARAMARK 0.1%

Value $3.732M Shares 65,595 Share Price $56.90 * Est. Cost/Share $21.30 Unrealized @ Report Date +151.5%

AMG AFFILIATED MANAGERS GROUP 0.1%

Value $3.641M Shares 10,760 Share Price $338.41 * Est. Cost/Share $94.14 Unrealized @ Report Date +288.4%

AVY AVERY DENNISON CORP 0.1%

Value $3.537M Shares 21,784 Share Price $162.35 * Est. Cost/Share $175.31 Unrealized @ Report Date -2.6%

WRB BERKLEY W R CORP 0.1%

Value $3.505M Shares 49,688 Share Price $70.53 * Est. Cost/Share $37.50 Unrealized @ Report Date +80.1%

MKL MARKEL GROUP INC 0.1%

Value $3.359M Shares 1,720 Share Price $1953.01 * Est. Cost/Share $1025.32 Unrealized @ Report Date +67.0%

JLL JONES LANG LASALLE INC 0.1%

Value $3.264M Shares 10,531 Share Price $309.96 Est. Cost/Share $148.45 Unrealized @ Report Date +105.8%

SEIC SEI INVTS CO 0.1%

Value $3.153M Shares 35,944 Share Price $87.71 * Est. Cost/Share $43.67 Unrealized @ Report Date +135.1%

TECH BIO-TECHNE CORP 0.1%

Value $2.787M Shares 39,448 Share Price $70.65 * Est. Cost/Share $62.52 Unrealized @ Report Date +15.9%

LII LENNOX INTL INC 0.1%

Value $2.768M Shares 4,831 Share Price $572.99 * Est. Cost/Share $188.28 Unrealized @ Report Date +88.6%

RPM RPM INTL INC 0.1%

Value $2.767M Shares 24,894 Share Price $111.15 * Est. Cost/Share $63.67 Unrealized @ Report Date +55.0%

TRU TRANSUNION 0.1%

Value $2.762M Shares 38,291 Share Price $72.14 * Est. Cost/Share $70.48 Unrealized @ Report Date -13.3%

NSIT INSIGHT ENTERPRISES INC 0.1%

Value $2.656M Shares 21,810 Share Price $121.80 * Est. Cost/Share $119.47 Unrealized @ Report Date +30.8%

ATR APTARGROUP INC 0.1%

Value $2.627M Shares 20,983 Share Price $125.20 * Est. Cost/Share $83.22 Unrealized @ Report Date +45.6%

IEX IDEX CORP 0.1%

Value $2.624M Shares 11,563 Share Price $226.95 Est. Cost/Share $103.34 Unrealized @ Report Date +120.6%

GDDY GODADDY INC 0.1%

Value $2.58M Shares 30,400 Share Price $84.88 * Est. Cost/Share $91.62 Unrealized @ Report Date +4.2%

MANH MANHATTAN ASSOCIATES INC 0.1%

Value $2.411M Shares 17,316 Share Price $139.25 * Est. Cost/Share $133.11 Unrealized @ Report Date +49.3%

KEX KIRBY CORP 0.1%

Value $2.287M Shares 16,817 Share Price $135.97 * Est. Cost/Share $72.09 Unrealized @ Report Date +82.1%

NDSN NORDSON CORP 0.1%

Value $2.203M Shares 7,301 Share Price $301.69 * Est. Cost/Share $139.16 Unrealized @ Report Date +135.6%

POOL POOL CORP 0.1%

Value $2.183M Shares 10,160 Share Price $214.90 * Est. Cost/Share $226.05 Unrealized @ Report Date -28.4%

CHH CHOICE HOTELS INTL INC 0.1%

Value $2.176M Shares 19,730 Share Price $110.27 * Est. Cost/Share $84.70 Unrealized @ Report Date +20.9%

SAIA SAIA INC 0.1%

Value $1.993M Shares 4,731 Share Price $421.16 * Est. Cost/Share $312.87 Unrealized @ Report Date +6.7%

TYL TYLER TECHNOLOGIES INC 0.1%

Value $1.952M Shares 6,673 Share Price $292.46 * Est. Cost/Share $365.79 Unrealized @ Report Date -12.9%

WEX WEX INC 0.1%

Value $1.885M Shares 13,362 Share Price $141.09 * Est. Cost/Share $129.07 Unrealized @ Report Date +30.7%

MORN MORNINGSTAR INC 0.1%

Value $1.821M Shares 11,672 Share Price $156.02 * Est. Cost/Share $177.03 Unrealized @ Report Date +7.3%

DLB DOLBY LABORATORIES INC 0.1%

Value $1.8M Shares 34,239 Share Price $52.58 * Est. Cost/Share $76.01 Unrealized @ Report Date -22.7%

J JACOBS SOLUTIONS INC 0.1%

Value $1.792M Shares 14,221 Share Price $126.00 * Est. Cost/Share $144.32 Unrealized @ Report Date -6.3%

HQY HEALTHEQUITY INC 0.1%

Value $1.767M Shares 19,569 Share Price $90.32 * Est. Cost/Share $84.77 Unrealized @ Report Date +4.3%

CASY CASEYS GEN STORES INC 0.1%

Value $1.733M Shares 2,180 Share Price $794.79 * Est. Cost/Share $222.25 Unrealized @ Report Date +173.8%

JBHT HUNT J B TRANS SVCS INC 0.1%

Value $1.712M Shares 5,916 Share Price $289.41 * Est. Cost/Share $81.17 Unrealized @ Report Date +176.0%

SSD SIMPSON MFG INC 0.0%

Value $1.59M Shares 7,596 Share Price $209.35 * Est. Cost/Share $174.11 Unrealized @ Report Date -1.9%

JKHY HENRY JACK & ASSOC INC 0.0%

Value $1.544M Shares 11,210 Share Price $137.74 * Est. Cost/Share $118.54 Unrealized @ Report Date +20.8%

LKQ LKQ CORP 0.0%

Value $1.386M Shares 52,646 Share Price $26.33 * Est. Cost/Share $38.72 Unrealized @ Report Date -41.0%

SCI SERVICE CORP INTL 0.0%

Value $1.369M Shares 18,028 Share Price $75.96 Est. Cost/Share $44.77 Unrealized @ Report Date +70.1%

ABCB AMERIS BANCORP 0.0%

Value $1.274M Shares 14,110 Share Price $90.26 * Est. Cost/Share $85.03 Unrealized @ Report Date -6.5%

HLI HOULIHAN LOKEY INC 0.0%

Value $1.259M Shares 9,387 Share Price $134.13 * Est. Cost/Share $161.91 Unrealized @ Report Date -22.0%

CDW CDW CORP 0.0%

Value $1.22M Shares 8,674 Share Price $140.64 * Est. Cost/Share $126.27 Unrealized @ Report Date +1.5%

ULTA ULTA BEAUTY INC 0.0%

Value $1.173M Shares 2,602 Share Price $450.98 * Est. Cost/Share $297.01 Unrealized @ Report Date +83.9%

NVST ENVISTA HOLDINGS CORPORATION 0.0%

Value $1.143M Shares 43,387 Share Price $26.35 * Est. Cost/Share $26.01 Unrealized @ Report Date -9.8%

SFM SPROUTS FMRS MKT INC 0.0%

Value $1.107M Shares 13,087 Share Price $84.58 * Est. Cost/Share $75.00 Unrealized @ Report Date -11.5%

KNSL KINSALE CAP GROUP INC 0.0%

Value $1.096M Shares 3,324 Share Price $329.81 * Est. Cost/Share $398.48 Unrealized @ Report Date -19.0%

GGG GRACO INC 0.0%

Value $1.036M Shares 13,703 Share Price $75.61 Est. Cost/Share $34.83 Unrealized @ Report Date +120.6%

BLKB BLACKBAUD INC 0.0%

Value $996K Shares 33,634 Share Price $29.62 * Est. Cost/Share $53.30 Unrealized @ Report Date -21.9%

BALL BALL CORP 0.0%

Value $943K Shares 15,105 Share Price $62.40 * Est. Cost/Share $52.79 Unrealized @ Report Date +6.1%

PSN PARSONS CORP DEL 0.0%

Value $934K Shares 17,834 Share Price $52.39 * Est. Cost/Share $72.88 Unrealized @ Report Date -43.8%

PB PROSPERITY BANCSHARES INC 0.0%

Value $932K Shares 12,756 Share Price $73.03 * Est. Cost/Share $53.03 Unrealized @ Report Date +24.9%

BLD TOPBUILD COR 0.0%

Value $889K Shares 2,508 Share Price $354.53 Est. Cost/Share $428.74 Unrealized @ Report Date -17.3%

BSY BENTLEY SYS INC 0.0%

Value $844K Shares 28,227 Share Price $29.89 * Est. Cost/Share $45.91 Unrealized @ Report Date -30.4%

WMS ADVANCED DRAIN SYS INC DEL 0.0%

Value $694K Shares 4,424 Share Price $156.96 * Est. Cost/Share $108.72 Unrealized @ Report Date +16.5%

PFGC PERFORMANCE FOOD GROUP CO 0.0%

Value $652K Shares 5,830 Share Price $111.79 * Est. Cost/Share $95.17 Unrealized @ Report Date -3.8%

FDS FACTSET RESH SYS INC 0.0%

Value $582K Shares 2,531 Share Price $230.07 * Est. Cost/Share $165.93 Unrealized @ Report Date +62.7%

BR BROADRIDGE FINL SOLUTIONS IN 0.0%

Value $512K Shares 3,738 Share Price $136.95 * Est. Cost/Share $151.02 Unrealized @ Report Date +6.7%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.0%

Value $458K Shares 7,556 Share Price $60.67 * Est. Cost/Share $94.26 Unrealized @ Report Date -26.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL CORP	352,025	$48.13M	1.5%	$136.72 *	$67.46	+141.3%	—	30231G102
CSL	CARLISLE COS INC	14,134	$5.127M	0.2%	$362.76 *	$122.92	+162.1%	—	142339100
BURL	BURLINGTON STORES INC	13,182	$4.176M	0.1%	$316.80 *	$189.99	+40.6%	—	122017106
CACI	CACI INTL INC	8,172	$3.786M	0.1%	$463.26 *	$265.27	+129.6%	—	127190304
ARMK	ARAMARK	65,595	$3.732M	0.1%	$56.90 *	$21.30	+151.5%	—	03852U106
AMG	AFFILIATED MANAGERS GROUP	10,760	$3.641M	0.1%	$338.41 *	$94.14	+288.4%	—	008252108
AVY	AVERY DENNISON CORP	21,784	$3.537M	0.1%	$162.35 *	$175.31	-2.6%	—	053611109
WRB	BERKLEY W R CORP	49,688	$3.505M	0.1%	$70.53 *	$37.50	+80.1%	—	084423102
MKL	MARKEL GROUP INC	1,720	$3.359M	0.1%	$1953.01 *	$1025.32	+67.0%	—	570535104
JLL	JONES LANG LASALLE INC	10,531	$3.264M	0.1%	$309.96	$148.45	+105.8%	—	48020Q107
SEIC	SEI INVTS CO	35,944	$3.153M	0.1%	$87.71 *	$43.67	+135.1%	—	784117103
TECH	BIO-TECHNE CORP	39,448	$2.787M	0.1%	$70.65 *	$62.52	+15.9%	—	09073M104
LII	LENNOX INTL INC	4,831	$2.768M	0.1%	$572.99 *	$188.28	+88.6%	—	526107107
RPM	RPM INTL INC	24,894	$2.767M	0.1%	$111.15 *	$63.67	+55.0%	—	749685103
TRU	TRANSUNION	38,291	$2.762M	0.1%	$72.14 *	$70.48	-13.3%	—	89400J107
NSIT	INSIGHT ENTERPRISES INC	21,810	$2.656M	0.1%	$121.80 *	$119.47	+30.8%	—	45765U103
ATR	APTARGROUP INC	20,983	$2.627M	0.1%	$125.20 *	$83.22	+45.6%	—	038336103
IEX	IDEX CORP	11,563	$2.624M	0.1%	$226.95	$103.34	+120.6%	—	45167R104
GDDY	GODADDY INC	30,400	$2.58M	0.1%	$84.88 *	$91.62	+4.2%	—	380237107
MANH	MANHATTAN ASSOCIATES INC	17,316	$2.411M	0.1%	$139.25 *	$133.11	+49.3%	—	562750109
KEX	KIRBY CORP	16,817	$2.287M	0.1%	$135.97 *	$72.09	+82.1%	—	497266106
NDSN	NORDSON CORP	7,301	$2.203M	0.1%	$301.69 *	$139.16	+135.6%	—	655663102
POOL	POOL CORP	10,160	$2.183M	0.1%	$214.90 *	$226.05	-28.4%	—	73278L105
CHH	CHOICE HOTELS INTL INC	19,730	$2.176M	0.1%	$110.27 *	$84.70	+20.9%	—	169905106
SAIA	SAIA INC	4,731	$1.993M	0.1%	$421.16 *	$312.87	+6.7%	—	78709Y105
TYL	TYLER TECHNOLOGIES INC	6,673	$1.952M	0.1%	$292.46 *	$365.79	-12.9%	—	902252105
WEX	WEX INC	13,362	$1.885M	0.1%	$141.09 *	$129.07	+30.7%	—	96208T104
MORN	MORNINGSTAR INC	11,672	$1.821M	0.1%	$156.02 *	$177.03	+7.3%	—	617700109
DLB	DOLBY LABORATORIES INC	34,239	$1.8M	0.1%	$52.58 *	$76.01	-22.7%	—	25659T107
J	JACOBS SOLUTIONS INC	14,221	$1.792M	0.1%	$126.00 *	$144.32	-6.3%	—	46982L108
HQY	HEALTHEQUITY INC	19,569	$1.767M	0.1%	$90.32 *	$84.77	+4.3%	—	42226A107
CASY	CASEYS GEN STORES INC	2,180	$1.733M	0.1%	$794.79 *	$222.25	+173.8%	—	147528103
JBHT	HUNT J B TRANS SVCS INC	5,916	$1.712M	0.1%	$289.41 *	$81.17	+176.0%	—	445658107
SSD	SIMPSON MFG INC	7,596	$1.59M	0.0%	$209.35 *	$174.11	-1.9%	—	829073105
JKHY	HENRY JACK & ASSOC INC	11,210	$1.544M	0.0%	$137.74 *	$118.54	+20.8%	—	426281101
LKQ	LKQ CORP	52,646	$1.386M	0.0%	$26.33 *	$38.72	-41.0%	—	501889208
SCI	SERVICE CORP INTL	18,028	$1.369M	0.0%	$75.96	$44.77	+70.1%	—	817565104
ABCB	AMERIS BANCORP	14,110	$1.274M	0.0%	$90.26 *	$85.03	-6.5%	—	03076K108
HLI	HOULIHAN LOKEY INC	9,387	$1.259M	0.0%	$134.13 *	$161.91	-22.0%	—	441593100
CDW	CDW CORP	8,674	$1.22M	0.0%	$140.64 *	$126.27	+1.5%	—	12514G108
ULTA	ULTA BEAUTY INC	2,602	$1.173M	0.0%	$450.98 *	$297.01	+83.9%	—	90384S303
NVST	ENVISTA HOLDINGS CORPORATION	43,387	$1.143M	0.0%	$26.35 *	$26.01	-9.8%	—	29415F104
SFM	SPROUTS FMRS MKT INC	13,087	$1.107M	0.0%	$84.58 *	$75.00	-11.5%	—	85208M102
KNSL	KINSALE CAP GROUP INC	3,324	$1.096M	0.0%	$329.81 *	$398.48	-19.0%	—	49714P108
GGG	GRACO INC	13,703	$1.036M	0.0%	$75.61	$34.83	+120.6%	—	384109104
BLKB	BLACKBAUD INC	33,634	$996K	0.0%	$29.62 *	$53.30	-21.9%	—	09227Q100
BALL	BALL CORP	15,105	$943K	0.0%	$62.40 *	$52.79	+6.1%	—	058498106
PSN	PARSONS CORP DEL	17,834	$934K	0.0%	$52.39 *	$72.88	-43.8%	—	70202L102
PB	PROSPERITY BANCSHARES INC	12,756	$932K	0.0%	$73.03 *	$53.03	+24.9%	—	743606105
BLD	TOPBUILD COR	2,508	$889K	0.0%	$354.53	$428.74	-17.3%	—	89055F103
BSY	BENTLEY SYS INC	28,227	$844K	0.0%	$29.89 *	$45.91	-30.4%	—	08265T208
WMS	ADVANCED DRAIN SYS INC DEL	4,424	$694K	0.0%	$156.96 *	$108.72	+16.5%	—	00790R104
PFGC	PERFORMANCE FOOD GROUP CO	5,830	$652K	0.0%	$111.79 *	$95.17	-3.8%	—	71377A103
FDS	FACTSET RESH SYS INC	2,531	$582K	0.0%	$230.07 *	$165.93	+62.7%	—	303075105
BR	BROADRIDGE FINL SOLUTIONS IN	3,738	$512K	0.0%	$136.95 *	$151.02	+6.7%	—	11133T103
BAH	BOOZ ALLEN HAMILTON HLDG COR	7,556	$458K	0.0%	$60.67 *	$94.26	-26.4%	—	099502106

Decreased Positions (9)

NVDA NVIDIA CORPORATION 7.2%

Value $233M (+12.5%) Shares 1,018,852 (-1.5%) Share Price $228.38 Est. Cost/Share $92.83 Unrealized @ Report Date +146.0%

SHLD GLOBAL X FDS 0.7%

Value $22.53M (-50.3%) Shares 375,000 (-50.6%) Share Price $60.08 Est. Cost/Share $42.37 Unrealized @ Report Date +41.8%

MCD MCDONALDS CORP 0.6%

Value $19.06M (-43.2%) Shares 82,519 (-33.5%) Share Price $230.94 Est. Cost/Share $93.96 Unrealized @ Report Date +145.8%

SHEL SHELL PLC 0.9%

Value $29.74M (+18.6%) Shares 312,842 (-6.2%) Share Price $95.05 Est. Cost/Share $68.25 Unrealized @ Report Date +39.3%

FDXF FEDEX FGHT HLDG CO INC 0.1%

Value $1.927M (-62.6%) Shares 17,613 (-48.4%) Share Price $109.38 Est. Cost/Share $163.79 Unrealized @ Report Date -33.2%

SOLS SOLSTICE ADVANCED MATLS INC 0.0%

Value $1.356M (-56.7%) Shares 24,072 (-31.8%) Share Price $56.32 Est. Cost/Share $47.08 Unrealized @ Report Date +19.6%

RELX RELX PLC 0.0%

Value $885K (-45.8%) Shares 26,658 (-48.4%) Share Price $33.18 Est. Cost/Share $37.26 Unrealized @ Report Date -10.9%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.1%

Value $4.447M (-8.2%) Shares 9,749 (-3.9%) Share Price $456.19 Est. Cost/Share $179.50 Unrealized @ Report Date +154.1%

ASX ASE TECHNOLOGY HLDG CO LTD 0.1%

Value $2.907M (-8.9%) Shares 65,376 (-7.6%) Share Price $44.46 Est. Cost/Share $14.21 Unrealized @ Report Date +212.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA CORPORATION	1,018,852 (-1.5%)	$233M (+12.5%)	7.2%	$228.38	$92.83	+146.0%	COM	67066G104
SHLD	GLOBAL X FDS	375,000 (-50.6%)	$22.53M (-50.3%)	0.7%	$60.08	$42.37	+41.8%	DEFENSE TECH ETF	37960A529
MCD	MCDONALDS CORP	82,519 (-33.5%)	$19.06M (-43.2%)	0.6%	$230.94	$93.96	+145.8%	COM	580135101
SHEL	SHELL PLC	312,842 (-6.2%)	$29.74M (+18.6%)	0.9%	$95.05	$68.25	+39.3%	SPON ADS	780259305
FDXF	FEDEX FGHT HLDG CO INC	17,613 (-48.4%)	$1.927M (-62.6%)	0.1%	$109.38	$163.79	-33.2%	COMMON STOCK	314352105
SOLS	SOLSTICE ADVANCED MATLS INC	24,072 (-31.8%)	$1.356M (-56.7%)	0.0%	$56.32	$47.08	+19.6%	COM SHS	83443Q103
RELX	RELX PLC	26,658 (-48.4%)	$885K (-45.8%)	0.0%	$33.18	$37.26	-10.9%	SPONSORED ADR	759530108
TSM	TAIWAN SEMICONDUCTOR MANUFAC	9,749 (-3.9%)	$4.447M (-8.2%)	0.1%	$456.19	$179.50	+154.1%	SPONSORED ADS	874039100
ASX	ASE TECHNOLOGY HLDG CO LTD	65,376 (-7.6%)	$2.907M (-8.9%)	0.1%	$44.46	$14.21	+212.8%	SPONSORED ADS	00215W100

Unchanged Positions (88)

AMAT APPLIED MATLS INC 2.7%

Value $87.6M Shares 171,300 Share Price $511.38 Est. Cost/Share $131.29 Unrealized @ Report Date +289.5%

AAPL APPLE INC 6.5%

Value $210M Shares 631,638 Share Price $333.02 Est. Cost/Share $85.07 Unrealized @ Report Date +291.5%

MSFT MICROSOFT CORP 2.9%

Value $95.05M Shares 185,312 Share Price $512.90 Est. Cost/Share $49.36 Unrealized @ Report Date +939.2%

META META PLATFORMS INC 2.6%

Value $83.69M Shares 115,400 Share Price $725.18 Est. Cost/Share $104.78 Unrealized @ Report Date +592.1%

CRM SALESFORCE INC 1.5%

Value $49.59M Shares 216,000 Share Price $229.57 Est. Cost/Share $68.84 Unrealized @ Report Date +233.5%

GE GE AEROSPACE 2.4%

Value $77.45M Shares 248,000 Share Price $312.29 Est. Cost/Share $62.01 Unrealized @ Report Date +403.6%

TMO THERMO FISHER SCIENTIFIC INC 1.7%

Value $54.53M Shares 80,779 Share Price $675.05 Est. Cost/Share $143.49 Unrealized @ Report Date +370.4%

GEV GE VERNOVA INC 1.8%

Value $58.93M Shares 62,000 Share Price $950.49 Est. Cost/Share $158.10 Unrealized @ Report Date +501.2%

PANW PALO ALTO NETWORKS INC 2.9%

Value $94.41M Shares 237,620 Share Price $397.31 Est. Cost/Share $144.38 Unrealized @ Report Date +175.2%

CAT CATERPILLAR INC 1.1%

Value $35.65M Shares 43,975 Share Price $810.79 Est. Cost/Share $341.77 Unrealized @ Report Date +137.2%

MPC MARATHON PETE CORP 1.0%

Value $31.08M Shares 78,589 Share Price $395.42 Est. Cost/Share $35.83 Unrealized @ Report Date +1003.5%

VRT VERTIV HOLDINGS CO 0.8%

Value $26.54M Shares 110,000 Share Price $241.31 Est. Cost/Share $82.73 Unrealized @ Report Date +191.7%

HD HOME DEPOT INC 1.1%

Value $34.22M Shares 120,278 Share Price $284.49 Est. Cost/Share $100.12 Unrealized @ Report Date +184.2%

MRVL MARVELL TECHNOLOGY INC 2.0%

Value $62.98M Shares 238,382 Share Price $264.21 Est. Cost/Share $40.30 Unrealized @ Report Date +555.6%

ADP AUTOMATIC DATA PROCESSING IN 1.6%

Value $51.33M Shares 198,911 Share Price $258.06 Est. Cost/Share $68.25 Unrealized @ Report Date +278.1%

BLK BLACKROCK INC 2.2%

Value $69.86M Shares 66,014 Share Price $1058.29 Est. Cost/Share $991.05 Unrealized @ Report Date +6.8%

WMT WALMART INC 1.9%

Value $61.04M Shares 587,385 Share Price $103.92 Est. Cost/Share $48.61 Unrealized @ Report Date +113.8%

VTWO VANGUARD SCOTTSDALE FDS 2.0%

Value $65.33M Shares 582,050 Share Price $112.24 Est. Cost/Share $98.76 Unrealized @ Report Date +13.6%

LLY ELI LILLY & CO 4.2%

Value $136M Shares 117,176 Share Price $1157.08 Est. Cost/Share $63.98 Unrealized @ Report Date +1708.6%

DOV DOVER CORP 0.7%

Value $23.2M Shares 124,025 Share Price $187.05 Est. Cost/Share $133.68 Unrealized @ Report Date +39.9%

GOOGL ALPHABET INC 3.0%

Value $96.34M Shares 280,000 Share Price $344.08 Est. Cost/Share $106.46 Unrealized @ Report Date +223.2%

BA BOEING CO 0.7%

Value $22M Shares 118,227 Share Price $186.05 Est. Cost/Share $111.87 Unrealized @ Report Date +66.3%

GOOG ALPHABET INC 3.0%

Value $95.66M Shares 280,740 Share Price $340.74 Est. Cost/Share $107.09 Unrealized @ Report Date +218.2%

CSCO CISCO SYS INC 1.2%

Value $38.3M Shares 355,829 Share Price $107.63 Est. Cost/Share $19.19 Unrealized @ Report Date +460.9%

MDY STATE STR SPDR S&P MIDCAP 40 1.5%

Value $47.94M Shares 73,000 Share Price $656.71 Est. Cost/Share $243.46 Unrealized @ Report Date +169.7%

AXP AMERICAN EXPRESS CO 0.9%

Value $29.89M Shares 98,305 Share Price $304.10 Est. Cost/Share $148.45 Unrealized @ Report Date +104.8%

HONA HONEYWELL AEROSPACE INC 0.2%

Value $7.461M Shares 48,145 Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

CDNS CADENCE DESIGN SYSTEM INC 0.7%

Value $23.28M Shares 70,500 Share Price $330.19 Est. Cost/Share $257.92 Unrealized @ Report Date +28.0%

ORCL ORACLE CORP 1.3%

Value $40.56M Shares 295,418 Share Price $137.30 Est. Cost/Share $31.95 Unrealized @ Report Date +329.7%

EUSA ISHARES INC 2.7%

Value $85.95M Shares 772,000 Share Price $111.34 Est. Cost/Share $87.97 Unrealized @ Report Date +26.6%

FDX FEDEX CORP 0.6%

Value $19.45M Shares 68,226 Share Price $285.09 Est. Cost/Share $119.20 Unrealized @ Report Date +139.2%

C CITIGROUP INC 0.7%

Value $22.53M Shares 174,000 Share Price $129.48 Est. Cost/Share $56.00 Unrealized @ Report Date +131.2%

AFL AFLAC INC 1.1%

Value $37M Shares 331,000 Share Price $111.78 Est. Cost/Share $31.84 Unrealized @ Report Date +251.1%

SBUX STARBUCKS CORP 0.6%

Value $18.83M Shares 200,353 Share Price $93.96 Est. Cost/Share $47.75 Unrealized @ Report Date +96.8%

MAR MARRIOTT INTL INC NEW 1.2%

Value $38.77M Shares 109,000 Share Price $355.67 Est. Cost/Share $167.15 Unrealized @ Report Date +112.8%

KO COCA COLA CO 0.9%

Value $28.65M Shares 332,797 Share Price $86.08 Est. Cost/Share $33.44 Unrealized @ Report Date +157.4%

GD GENERAL DYNAMICS CORP 0.6%

Value $19.58M Shares 59,000 Share Price $331.83 Est. Cost/Share $106.81 Unrealized @ Report Date +210.7%

JPM JPMORGAN CHASE & CO 3.4%

Value $110M Shares 332,563 Share Price $330.83 Est. Cost/Share $50.69 Unrealized @ Report Date +552.6%

PEP PEPSICO INC 0.5%

Value $16.56M Shares 130,666 Share Price $126.72 Est. Cost/Share $73.87 Unrealized @ Report Date +71.5%

V VISA INC 0.8%

Value $24.96M Shares 69,467 Share Price $359.33 Est. Cost/Share $202.55 Unrealized @ Report Date +77.4%

EMR EMERSON ELEC CO 0.4%

Value $12.64M Shares 81,500 Share Price $155.10 Est. Cost/Share $85.92 Unrealized @ Report Date +80.5%

IBB ISHARES TR 0.3%

Value $9.895M Shares 47,000 Share Price $210.53 Est. Cost/Share $171.00 Unrealized @ Report Date +23.1%

HON HONEYWELL INTL INC 0.3%

Value $10.16M Shares 48,145 Share Price $210.94 Est. Cost/Share $223.90 Unrealized @ Report Date —

SPHQ INVESCO EXCHANGE TRADED FD T 0.3%

Value $8.408M Shares 100,000 Share Price $84.08 Est. Cost/Share $30.21 Unrealized @ Report Date +178.3%

SPY STATE STR SPDR S&P 500 ETF T 0.8%

Value $26.03M Shares 34,135 Share Price $762.63 Est. Cost/Share $230.82 Unrealized @ Report Date +230.4%

VEU VANGUARD INTL EQUITY INDEX F 1.5%

Value $49.19M Shares 592,813 Share Price $82.97 Est. Cost/Share $69.01 Unrealized @ Report Date +20.2%

TRMB TRIMBLE INC 0.1%

Value $3.653M Shares 63,962 Share Price $57.11 Est. Cost/Share $58.05 Unrealized @ Report Date -1.6%

SAP SAP SE 0.0%

Value $1.45M Shares 6,954 Share Price $208.48 Est. Cost/Share $208.23 Unrealized @ Report Date +0.1%

NXPI NXP SEMICONDUCTORS N V 0.1%

Value $1.691M Shares 7,119 Share Price $237.53 Est. Cost/Share $250.49 Unrealized @ Report Date -5.2%

ONC BEONE MEDICINES LTD 0.0%

Value $1.18M Shares 3,224 Share Price $365.94 Est. Cost/Share $286.83 Unrealized @ Report Date +27.6%

QURE UNIQURE NV 0.0%

Value $257K Shares 10,637 Share Price $24.16 Est. Cost/Share $26.18 Unrealized @ Report Date -7.7%

EQNR EQUINOR ASA 0.0%

Value $892K Shares 21,454 Share Price $41.60 Est. Cost/Share $23.58 Unrealized @ Report Date +76.4%

SHOP SHOPIFY INC 0.0%

Value $860K Shares 5,797 Share Price $148.30 Est. Cost/Share $131.37 Unrealized @ Report Date +12.9%

CIB GRUPO CIBEST SA 0.0%

Value $1.288M Shares 13,869 Share Price $92.85 Est. Cost/Share $59.85 Unrealized @ Report Date +55.1%

VZ VERIZON COMMUNICATIONS INC 0.1%

Value $2.293M Shares 50,000 Share Price $45.87 Est. Cost/Share $33.07 Unrealized @ Report Date +38.7%

PBR PETROLEO BRASILEIRO S A 0.0%

Value $778K Shares 37,300 Share Price $20.87 Est. Cost/Share $12.21 Unrealized @ Report Date +71.0%

NVS NOVARTIS AG 0.1%

Value $1.753M Shares 12,295 Share Price $142.57 Est. Cost/Share $144.45 Unrealized @ Report Date -1.3%

AON AON PLC 0.0%

Value $846K Shares 3,058 Share Price $276.77 Est. Cost/Share $361.49 Unrealized @ Report Date -23.4%

AZN ASTRAZENECA PLC 0.0%

Value $949K Shares 5,880 Share Price $161.47 Est. Cost/Share $191.34 Unrealized @ Report Date -16.3%

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.0%

Value $1.12M Shares 48,563 Share Price $23.07 Est. Cost/Share $10.72 Unrealized @ Report Date +115.2%

GRMN GARMIN LTD 0.0%

Value $849K Shares 2,960 Share Price $286.84 Est. Cost/Share $229.08 Unrealized @ Report Date +25.2%

BIDU BAIDU INC 0.0%

Value $447K Shares 5,146 Share Price $86.87 Est. Cost/Share $124.12 Unrealized @ Report Date -30.0%

CCL CARNIVAL CORP LTD 0.0%

Value $804K Shares 32,781 Share Price $24.54 Est. Cost/Share $28.57 Unrealized @ Report Date —

SONY SONY GROUP CORP 0.0%

Value $860K Shares 36,555 Share Price $23.53 Est. Cost/Share $19.74 Unrealized @ Report Date +19.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value $25.72M Shares 51,650 Share Price $497.95 Est. Cost/Share $205.34 Unrealized @ Report Date +142.5%

NOK NOKIA CORP 0.0%

Value $391K Shares 38,557 Share Price $10.14 Est. Cost/Share $12.87 Unrealized @ Report Date -21.2%

SQM SOCIEDAD QUIMICA Y MINERA DE 0.0%

Value $758K Shares 11,679 Share Price $64.87 Est. Cost/Share $55.09 Unrealized @ Report Date +17.8%

ASND ASCENDIS PHARMA A/S 0.0%

Value $474K Shares 2,082 Share Price $227.83 * Est. Cost/Share $233.60 Unrealized @ Report Date +12.8%

IHG INTERCONTINENTAL HOTELS GROU 0.0%

Value $996K Shares 6,196 Share Price $160.80 Est. Cost/Share $119.78 Unrealized @ Report Date +34.2%

TM TOYOTA MOTOR CORP 0.0%

Value $760K Shares 4,151 Share Price $183.10 Est. Cost/Share $188.69 Unrealized @ Report Date -3.0%

VWO VANGUARD INTL EQUITY INDEX F 0.3%

Value $8.896M Shares 150,000 Share Price $59.31 Est. Cost/Share $41.69 Unrealized @ Report Date +42.3%

HSBC HSBC HLDGS PLC 0.0%

Value $1.279M Shares 12,880 Share Price $99.31 Est. Cost/Share $45.42 Unrealized @ Report Date +118.6%

HDB HDFC BANK LTD 0.0%

Value $340K Shares 15,199 Share Price $22.34 Est. Cost/Share $35.98 Unrealized @ Report Date -37.9%

DB DEUTSCHE BK AG 0.0%

Value $881K Shares 24,540 Share Price $35.89 Est. Cost/Share $34.09 Unrealized @ Report Date +5.3%

ARGX ARGENX SE 0.0%

Value $1.199M Shares 1,250 Share Price $958.91 Est. Cost/Share $583.24 Unrealized @ Report Date +64.4%

UBS UBS GROUP AG 0.0%

Value $1.242M Shares 25,815 Share Price $48.13 Est. Cost/Share $38.84 Unrealized @ Report Date +23.9%

IBN ICICI BK LTD 0.0%

Value $672K Shares 24,407 Share Price $27.55 Est. Cost/Share $30.68 Unrealized @ Report Date -10.2%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value $622K Shares 1,277 Share Price $487.38 Est. Cost/Share $558.87 Unrealized @ Report Date -12.8%

QUAL ISHARES TR 0.1%

Value $2.445M Shares 11,000 Share Price $222.24 Est. Cost/Share $67.80 Unrealized @ Report Date +227.8%

COST COSTCO WHOLESALE CORPORATION 0.0%

Value $965K Shares 1,060 Share Price $910.34 Est. Cost/Share $965.28 Unrealized @ Report Date -5.7%

UNP UNION PAC CORP 1.4%

Value $45.08M Shares 165,672 Share Price $272.13 Est. Cost/Share $62.53 Unrealized @ Report Date +335.2%

CHKP CHECK POINT SOFTWARE TECH LT 0.0%

Value $509K Shares 3,963 Share Price $128.35 Est. Cost/Share $193.34 Unrealized @ Report Date -33.6%

EG EVEREST GROUP LTD 0.0%

Value $519K Shares 1,421 Share Price $365.17 Est. Cost/Share $330.24 Unrealized @ Report Date +10.6%

BBD BANCO BRADESCO S A 0.0%

Value $394K Shares 111,907 Share Price $3.52 Est. Cost/Share $3.40 Unrealized @ Report Date +3.4%

BAM BROOKFIELD ASSET MANAGMT LTD 0.0%

Value $918K Shares 20,600 Share Price $44.58 Est. Cost/Share $58.69 Unrealized @ Report Date -24.0%

RIO RIO TINTO PLC 0.0%

Value $662K Shares 7,031 Share Price $94.17 Est. Cost/Share $71.98 Unrealized @ Report Date +30.8%

MDLZ MONDELEZ INTL INC 0.4%

Value $14.17M Shares 245,000 Share Price $57.82 Est. Cost/Share $32.41 Unrealized @ Report Date +78.4%

UL UNILEVER PLC 0.0%

Value $427K Shares 7,031 Share Price $60.73 Est. Cost/Share $67.26 Unrealized @ Report Date -9.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMAT	APPLIED MATLS INC	171,300	$87.6M	2.7%	$511.38	$131.29	+289.5%	COM	038222105
AAPL	APPLE INC	631,638	$210M	6.5%	$333.02	$85.07	+291.5%	COM	037833100
MSFT	MICROSOFT CORP	185,312	$95.05M	2.9%	$512.90	$49.36	+939.2%	COM	594918104
META	META PLATFORMS INC	115,400	$83.69M	2.6%	$725.18	$104.78	+592.1%	CL A	30303M102
CRM	SALESFORCE INC	216,000	$49.59M	1.5%	$229.57	$68.84	+233.5%	COM	79466L302
GE	GE AEROSPACE	248,000	$77.45M	2.4%	$312.29	$62.01	+403.6%	COM NEW	369604301
TMO	THERMO FISHER SCIENTIFIC INC	80,779	$54.53M	1.7%	$675.05	$143.49	+370.4%	COM	883556102
GEV	GE VERNOVA INC	62,000	$58.93M	1.8%	$950.49	$158.10	+501.2%	COM	36828A101
PANW	PALO ALTO NETWORKS INC	237,620	$94.41M	2.9%	$397.31	$144.38	+175.2%	COM	697435105
CAT	CATERPILLAR INC	43,975	$35.65M	1.1%	$810.79	$341.77	+137.2%	COM	149123101
MPC	MARATHON PETE CORP	78,589	$31.08M	1.0%	$395.42	$35.83	+1003.5%	COM	56585A102
VRT	VERTIV HOLDINGS CO	110,000	$26.54M	0.8%	$241.31	$82.73	+191.7%	COM CL A	92537N108
HD	HOME DEPOT INC	120,278	$34.22M	1.1%	$284.49	$100.12	+184.2%	COM	437076102
MRVL	MARVELL TECHNOLOGY INC	238,382	$62.98M	2.0%	$264.21	$40.30	+555.6%	COM	573874104
ADP	AUTOMATIC DATA PROCESSING IN	198,911	$51.33M	1.6%	$258.06	$68.25	+278.1%	COM	053015103
BLK	BLACKROCK INC	66,014	$69.86M	2.2%	$1058.29	$991.05	+6.8%	COM	09290D101
WMT	WALMART INC	587,385	$61.04M	1.9%	$103.92	$48.61	+113.8%	COM	931142103
VTWO	VANGUARD SCOTTSDALE FDS	582,050	$65.33M	2.0%	$112.24	$98.76	+13.6%	VNG RUS2000IDX	92206C664
LLY	ELI LILLY & CO	117,176	$136M	4.2%	$1157.08	$63.98	+1708.6%	COM	532457108
DOV	DOVER CORP	124,025	$23.2M	0.7%	$187.05	$133.68	+39.9%	COM	260003108
GOOGL	ALPHABET INC	280,000	$96.34M	3.0%	$344.08	$106.46	+223.2%	CAP STK CL A	02079K305
BA	BOEING CO	118,227	$22M	0.7%	$186.05	$111.87	+66.3%	COM	097023105
GOOG	ALPHABET INC	280,740	$95.66M	3.0%	$340.74	$107.09	+218.2%	CAP STK CL C	02079K107
CSCO	CISCO SYS INC	355,829	$38.3M	1.2%	$107.63	$19.19	+460.9%	COM	17275R102
MDY	STATE STR SPDR S&P MIDCAP 40	73,000	$47.94M	1.5%	$656.71	$243.46	+169.7%	UTSER1 S&PDCRP	78467Y107
AXP	AMERICAN EXPRESS CO	98,305	$29.89M	0.9%	$304.10	$148.45	+104.8%	COM	025816109
HONA	HONEYWELL AEROSPACE INC	48,145	$7.461M	0.2%	$154.97	$240.18	-35.5%	COM	43849R105
CDNS	CADENCE DESIGN SYSTEM INC	70,500	$23.28M	0.7%	$330.19	$257.92	+28.0%	COM	127387108
ORCL	ORACLE CORP	295,418	$40.56M	1.3%	$137.30	$31.95	+329.7%	COM	68389X105
EUSA	ISHARES INC	772,000	$85.95M	2.7%	$111.34	$87.97	+26.6%	MSCI EQUAL WEITE	464286681
FDX	FEDEX CORP	68,226	$19.45M	0.6%	$285.09	$119.20	+139.2%	COM	31428X106
C	CITIGROUP INC	174,000	$22.53M	0.7%	$129.48	$56.00	+131.2%	COM NEW	172967424
AFL	AFLAC INC	331,000	$37M	1.1%	$111.78	$31.84	+251.1%	COM	001055102
SBUX	STARBUCKS CORP	200,353	$18.83M	0.6%	$93.96	$47.75	+96.8%	COM	855244109
MAR	MARRIOTT INTL INC NEW	109,000	$38.77M	1.2%	$355.67	$167.15	+112.8%	CL A	571903202
KO	COCA COLA CO	332,797	$28.65M	0.9%	$86.08	$33.44	+157.4%	COM	191216100
GD	GENERAL DYNAMICS CORP	59,000	$19.58M	0.6%	$331.83	$106.81	+210.7%	COM	369550108
JPM	JPMORGAN CHASE & CO	332,563	$110M	3.4%	$330.83	$50.69	+552.6%	COM	46625H100
PEP	PEPSICO INC	130,666	$16.56M	0.5%	$126.72	$73.87	+71.5%	COM	713448108
V	VISA INC	69,467	$24.96M	0.8%	$359.33	$202.55	+77.4%	COM CL A	92826C839
EMR	EMERSON ELEC CO	81,500	$12.64M	0.4%	$155.10	$85.92	+80.5%	COM	291011104
IBB	ISHARES TR	47,000	$9.895M	0.3%	$210.53	$171.00	+23.1%	ISHARES BIOTECH	464287556
HON	HONEYWELL INTL INC	48,145	$10.16M	0.3%	$210.94	$223.90	—	COM	438516205
SPHQ	INVESCO EXCHANGE TRADED FD T	100,000	$8.408M	0.3%	$84.08	$30.21	+178.3%	S&P500 QUALITY	46137V241
SPY	STATE STR SPDR S&P 500 ETF T	34,135	$26.03M	0.8%	$762.63	$230.82	+230.4%	TR UNIT	78462F103
VEU	VANGUARD INTL EQUITY INDEX F	592,813	$49.19M	1.5%	$82.97	$69.01	+20.2%	ALLWRLD EX US	922042775
TRMB	TRIMBLE INC	63,962	$3.653M	0.1%	$57.11	$58.05	-1.6%	COM	896239100
SAP	SAP SE	6,954	$1.45M	0.0%	$208.48	$208.23	+0.1%	SPON ADR	803054204
NXPI	NXP SEMICONDUCTORS N V	7,119	$1.691M	0.1%	$237.53	$250.49	-5.2%	COM	N6596X109
ONC	BEONE MEDICINES LTD	3,224	$1.18M	0.0%	$365.94	$286.83	+27.6%	SPONSORED ADS	07725L102
QURE	UNIQURE NV	10,637	$257K	0.0%	$24.16	$26.18	-7.7%	SHS	N90064101
EQNR	EQUINOR ASA	21,454	$892K	0.0%	$41.60	$23.58	+76.4%	SPONSORED ADR	29446M102
SHOP	SHOPIFY INC	5,797	$860K	0.0%	$148.30	$131.37	+12.9%	CL A SUB VTG SHS	82509L107
CIB	GRUPO CIBEST SA	13,869	$1.288M	0.0%	$92.85	$59.85	+55.1%	SPON ADS	40090E106
VZ	VERIZON COMMUNICATIONS INC	50,000	$2.293M	0.1%	$45.87	$33.07	+38.7%	COM	92343V104
PBR	PETROLEO BRASILEIRO S A	37,300	$778K	0.0%	$20.87	$12.21	+71.0%	SPONSORED ADR	71654V408
NVS	NOVARTIS AG	12,295	$1.753M	0.1%	$142.57	$144.45	-1.3%	SPONSORED ADR	66987V109
AON	AON PLC	3,058	$846K	0.0%	$276.77	$361.49	-23.4%	SHS CL A	G0403H108
AZN	ASTRAZENECA PLC	5,880	$949K	0.0%	$161.47	$191.34	-16.3%	ORD	G0593M107
MUFG	MITSUBISHI UFJ FINANCIAL GRO	48,563	$1.12M	0.0%	$23.07	$10.72	+115.2%	SPONSORED ADS	606822104
GRMN	GARMIN LTD	2,960	$849K	0.0%	$286.84	$229.08	+25.2%	SHS	H2906T109
BIDU	BAIDU INC	5,146	$447K	0.0%	$86.87	$124.12	-30.0%	SPON ADR REP A	056752108
CCL	CARNIVAL CORP LTD	32,781	$804K	0.0%	$24.54	$28.57	—	COMMON SHARES	G2004J103
SONY	SONY GROUP CORP	36,555	$860K	0.0%	$23.53	$19.74	+19.2%	SPONSORED ADR	835699307
BRK/B	BERKSHIRE HATHAWAY INC DEL	51,650	$25.72M	0.8%	$497.95	$205.34	+142.5%	CL B NEW	084670702
NOK	NOKIA CORP	38,557	$391K	0.0%	$10.14	$12.87	-21.2%	SPONSORED ADR	654902204
SQM	SOCIEDAD QUIMICA Y MINERA DE	11,679	$758K	0.0%	$64.87	$55.09	+17.8%	SPON ADR SER B	833635105
ASND	ASCENDIS PHARMA A/S	2,082	$474K	0.0%	$227.83 *	$233.60	+12.8%	ORD SHS	K08588103
IHG	INTERCONTINENTAL HOTELS GROU	6,196	$996K	0.0%	$160.80	$119.78	+34.2%	SPONSORED ADS	45857P806
TM	TOYOTA MOTOR CORP	4,151	$760K	0.0%	$183.10	$188.69	-3.0%	ADS	892331307
VWO	VANGUARD INTL EQUITY INDEX F	150,000	$8.896M	0.3%	$59.31	$41.69	+42.3%	FTSE EMR MKT ETF	922042858
HSBC	HSBC HLDGS PLC	12,880	$1.279M	0.0%	$99.31	$45.42	+118.6%	SPON ADR NEW	404280406
HDB	HDFC BANK LTD	15,199	$340K	0.0%	$22.34	$35.98	-37.9%	SPONSORED ADS	40415F101
DB	DEUTSCHE BK AG	24,540	$881K	0.0%	$35.89	$34.09	+5.3%	NAMEN AKT	D18190898
ARGX	ARGENX SE	1,250	$1.199M	0.0%	$958.91	$583.24	+64.4%	SPONSORED ADR	04016X101
UBS	UBS GROUP AG	25,815	$1.242M	0.0%	$48.13	$38.84	+23.9%	SHS	H42097107
IBN	ICICI BK LTD	24,407	$672K	0.0%	$27.55	$30.68	-10.2%	ADR	45104G104
SPOT	SPOTIFY TECHNOLOGY S A	1,277	$622K	0.0%	$487.38	$558.87	-12.8%	SHS	L8681T102
QUAL	ISHARES TR	11,000	$2.445M	0.1%	$222.24	$67.80	+227.8%	MSCI USA QLT FCT	46432F339
COST	COSTCO WHOLESALE CORPORATION	1,060	$965K	0.0%	$910.34	$965.28	-5.7%	COM	22160K105
UNP	UNION PAC CORP	165,672	$45.08M	1.4%	$272.13	$62.53	+335.2%	COM	907818108
CHKP	CHECK POINT SOFTWARE TECH LT	3,963	$509K	0.0%	$128.35	$193.34	-33.6%	ORD	M22465104
EG	EVEREST GROUP LTD	1,421	$519K	0.0%	$365.17	$330.24	+10.6%	COM	G3223R108
BBD	BANCO BRADESCO S A	111,907	$394K	0.0%	$3.52	$3.40	+3.4%	SP ADR PFD NEW	059460303
BAM	BROOKFIELD ASSET MANAGMT LTD	20,600	$918K	0.0%	$44.58	$58.69	-24.0%	CL A LMT VTG SHS	113004105
RIO	RIO TINTO PLC	7,031	$662K	0.0%	$94.17	$71.98	+30.8%	SPONSORED ADR	767204100
MDLZ	MONDELEZ INTL INC	245,000	$14.17M	0.4%	$57.82	$32.41	+78.4%	CL A	609207105
UL	UNILEVER PLC	7,031	$427K	0.0%	$60.73	$67.26	-9.7%	SPON ADR NEW	904767803