ONTARIO TEACHERS PENSION PLAN BOARD Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CARR	CARRIER GLOBAL CORPORATION	1,889,464	$99,839	2.2%	$55.53	0.0%	COM	14448C104
META	META PLATFORMS INC	46,006	$30,368	0.7%	$667.32	0.0%	CL A	30303M102
EW	EDWARDS LIFESCIENCES CORP	134,451	$11,462	0.3%	$82.07	0.0%	COM	28176E108
ZBH	ZIMMER BIOMET HOLDINGS INC	115,588	$10,394	0.2%	$94.58	0.0%	COM	98956P102
CUBE	CUBESMART	128,189	$4,621	0.1%	$36.05	—	COM	229663109
KBH	KB HOME	77,200	$4,355	0.1%	—	—	PUT	48666K109
INVH	INVITATION HOMES INC	153,639	$4,270	0.1%	$27.64	0.0%	COM	46187W107
—	AFFIRM HLDGS INC	2,500,000	$2,800	0.1%	$1.12	—	NOTE 0.750%12/1	00827BAD8
TAP	MOLSON COORS BEVERAGE CO	59,252	$2,766	0.1%	$45.79	0.0%	CL B	60871R209
AEE	AMEREN CORP	27,470	$2,743	0.1%	$101.98	0.0%	COM	023608102
CELH	CELSIUS HLDGS INC	34,462	$1,576	0.0%	$50.38	0.0%	COM NEW	15118V207
EL	LAUDER ESTEE COS INC	14,698	$1,539	0.0%	$96.82	0.0%	CL A	518439104
CNP	CENTERPOINT ENERGY INC	37,921	$1,454	0.0%	$38.86	0.0%	COM	15189T107
M	MACYS INC	58,725	$1,295	0.0%	$20.47	0.0%	COM	55616P104
ARMK	ARAMARK	33,513	$1,235	0.0%	$37.92	0.0%	COM	03852U106
ALV	AUTOLIV INC	10,338	$1,227	0.0%	$119.41	0.0%	COM	052800109
GT	GOODYEAR TIRE & RUBR CO	133,479	$1,169	0.0%	$7.88	0.0%	COM	382550101
EQR	EQUITY RESIDENTIAL	17,813	$1,123	0.0%	$60.67	0.0%	SH BEN INT	29476L107
MCD	MCDONALDS CORP	2,980	$911	0.0%	$305.09	0.0%	COM	580135101
DAR	DARLING INGREDIENTS INC	23,261	$837	0.0%	$33.85	0.0%	COM	237266101
POST	POST HLDGS INC	7,937	$786	0.0%	$103.53	0.0%	COM	737446104
COTY	COTY INC	240,713	$741	0.0%	$3.64	0.0%	COM CL A	222070203
CAG	CONAGRA BRANDS INC	39,582	$685	0.0%	$17.64	0.0%	COM	205887102
SGI	SOMNIGROUP INTERNATIONAL INC	7,573	$676	0.0%	$87.36	0.0%	COM	88023U101
RCL	ROYAL CARIBBEAN GROUP	1,511	$421	0.0%	$281.58	0.0%	COM	V7780T103
BRBR	BELLRING BRANDS INC	9,800	$262	0.0%	$31.04	0.0%	COMMON STOCK	07831C103
GTM	ZOOMINFO TECHNOLOGIES INC	15,941	$162	0.0%	$10.30	0.0%	COMMON STOCK	98980F104
ABNB	AIRBNB INC	312	$42	0.0%	$124.53	0.0%	COM CL A	009066101

Increased Positions (62)

HYG ISHARES TR 19.7%

Value ($000) $890,962 (+115.2%) Shares 11,050,000 (+116.7%) Est. Cost $80.71 Unrealized —

NVDA NVIDIA CORPORATION 3.0%

Value ($000) $137,306 (+51.7%) Shares 736,225 (+51.8%) Est. Cost $178.33 Unrealized +4.4%

BURL BURLINGTON STORES INC 1.6%

Value ($000) $72,062 (+143.7%) Shares 249,480 (+114.7%) Est. Cost $271.44 Unrealized -0.1%

ROK ROCKWELL AUTOMATION INC 3.0%

Value ($000) $136,684 (+12.9%) Shares 351,309 (+1.4%) Est. Cost $283.38 Unrealized +32.4%

DIS DISNEY WALT CO 1.8%

Value ($000) $83,505 (+19.9%) Shares 733,980 (+20.7%) Est. Cost $102.61 Unrealized +6.7%

SA SEABRIDGE GOLD INC 1.1%

Value ($000) $49,350 (+37.3%) Shares 1,664,634 (+11.7%) Est. Cost $14.22 Unrealized +84.9%

TEAM ATLASSIAN CORPORATION 2.6%

Value ($000) $116,298 (+9.2%) Shares 717,272 (+7.6%) Est. Cost $179.24 Unrealized -12.4%

ABBV ABBVIE INC 1.4%

Value ($000) $63,612 (+16.5%) Shares 278,403 (+18.1%) Est. Cost $205.87 Unrealized +10.5%

GE GE AEROSPACE 2.5%

Value ($000) $113,864 (+7.1%) Shares 369,652 (+4.6%) Est. Cost $213.37 Unrealized +41.0%

PSA PUBLIC STORAGE OPER CO 0.2%

Value ($000) $8,554 (+283.3%) Shares 32,963 (+326.7%) Est. Cost $276.71 Unrealized +0.2%

AAL AMERICAN AIRLS GROUP INC 0.2%

Value ($000) $7,021 (+514.8%) Shares 458,000 (+350.8%) Est. Cost — Unrealized —

VTR VENTAS INC 0.1%

Value ($000) $3,965 (+987.8%) Shares 51,241 (+883.9%) Est. Cost $74.10 Unrealized +1.2%

WEC WEC ENERGY GROUP INC 0.1%

Value ($000) $5,114 (+135.8%) Shares 48,490 (+156.2%) Est. Cost $104.50 Unrealized +5.5%

SUI SUN CMNTYS INC 0.1%

Value ($000) $3,853 (+187.9%) Shares 31,096 (+199.7%) Est. Cost $125.61 Unrealized —

LEA LEAR CORP 0.1%

Value ($000) $3,547 (+238.7%) Shares 30,948 (+197.3%) Est. Cost $105.05 Unrealized +1.2%

POST POST HLDGS INC 0.1%

Value ($000) $5,250 (+84.3%) Shares 53,000 (+100.0%) Est. Cost $103.53 Unrealized 0.0%

NYT NEW YORK TIMES CO 0.1%

Value ($000) $3,552 (+125.7%) Shares 51,167 (+86.6%) Est. Cost $56.84 Unrealized +8.8%

NNN NNN REIT INC 0.1%

Value ($000) $2,697 (+251.9%) Shares 68,051 (+278.0%) Est. Cost $40.57 Unrealized —

BBWI BATH & BODY WORKS INC 0.1%

Value ($000) $2,380 (+248.7%) Shares 118,536 (+347.4%) Est. Cost $23.33 Unrealized -6.9%

EXPE EXPEDIA GROUP INC 0.1%

Value ($000) $3,552 (+89.9%) Shares 12,537 (+43.3%) Est. Cost $179.05 Unrealized +37.9%

POR PORTLAND GEN ELEC CO 0.1%

Value ($000) $6,662 (+31.7%) Shares 138,817 (+20.7%) Est. Cost $42.03 Unrealized +11.3%

CMCSA COMCAST CORP NEW 0.0%

Value ($000) $1,993 (+272.3%) Shares 66,665 (+291.3%) Est. Cost $29.72 Unrealized -4.0%

BSX BOSTON SCIENTIFIC CORP 0.5%

Value ($000) $21,447 (+7.3%) Shares 224,925 (+9.8%) Est. Cost $103.07 Unrealized -4.9%

CCI CROWN CASTLE INC 0.1%

Value ($000) $3,657 (+63.6%) Shares 41,150 (+77.6%) Est. Cost $95.10 Unrealized -4.2%

TSCO TRACTOR SUPPLY CO 0.1%

Value ($000) $2,907 (+82.7%) Shares 58,121 (+107.8%) Est. Cost $56.03 Unrealized -4.1%

TGT TARGET CORP 0.0%

Value ($000) $2,078 (+165.2%) Shares 21,263 (+143.4%) Est. Cost $100.40 Unrealized -8.7%

FE FIRSTENERGY CORP 0.1%

Value ($000) $5,145 (+29.5%) Shares 114,924 (+32.6%) Est. Cost $41.61 Unrealized +9.9%

NSA NATIONAL STORAGE AFFILIATES 0.2%

Value ($000) $7,206 (+18.8%) Shares 255,436 (+27.3%) Est. Cost $34.45 Unrealized —

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $4,578 (+26.6%) Shares 79,629 (+31.6%) Est. Cost $58.18 Unrealized +2.2%

TJX TJX COS INC NEW 0.1%

Value ($000) $2,379 (+64.4%) Shares 15,489 (+54.7%) Est. Cost $128.68 Unrealized +14.8%

DOC HEALTHPEAK PROPERTIES INC 0.1%

Value ($000) $6,218 (+17.5%) Shares 386,667 (+39.9%) Est. Cost $17.59 Unrealized -0.7%

AEP AMERICAN ELEC PWR CO INC 0.1%

Value ($000) $3,543 (+34.8%) Shares 30,724 (+31.5%) Est. Cost $102.31 Unrealized +15.0%

SNAP SNAP INC 0.0%

Value ($000) $1,875 (+93.9%) Shares 232,345 (+85.3%) Est. Cost $8.12 Unrealized -2.6%

HOG HARLEY DAVIDSON INC 0.0%

Value ($000) $1,173 (+288.4%) Shares 57,270 (+428.9%) Est. Cost $24.42 Unrealized +0.6%

CASY CASEYS GEN STORES INC 0.1%

Value ($000) $2,514 (+49.8%) Shares 4,549 (+53.3%) Est. Cost $531.53 Unrealized +3.4%

O REALTY INCOME CORP 0.0%

Value ($000) $2,051 (+68.8%) Shares 36,376 (+82.1%) Est. Cost $57.12 Unrealized +0.4%

MZTI MARZETTI COMPANY 0.0%

Value ($000) $1,883 (+71.0%) Shares 11,452 (+79.7%) Est. Cost $173.84 Unrealized -4.0%

OGS ONE GAS INC 0.1%

Value ($000) $2,926 (+31.1%) Shares 37,880 (+37.3%) Est. Cost $76.39 Unrealized +5.2%

DG DOLLAR GEN CORP NEW 0.1%

Value ($000) $2,494 (+34.6%) Shares 18,785 (+4.8%) Est. Cost $108.38 Unrealized +2.9%

BYD BOYD GAMING CORP 0.0%

Value ($000) $918 (+212.9%) Shares 10,764 (+217.3%) Est. Cost $79.37 Unrealized +3.6%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $862 (+253.9%) Shares 6,017 (+279.4%) Est. Cost $150.12 Unrealized -2.0%

MTN VAIL RESORTS INC 0.0%

Value ($000) $1,098 (+126.7%) Shares 8,265 (+155.3%) Est. Cost $150.32 Unrealized -2.1%

DRI DARDEN RESTAURANTS INC 0.1%

Value ($000) $2,261 (+32.5%) Shares 12,288 (+37.1%) Est. Cost $185.36 Unrealized -1.8%

GNTX GENTEX CORP 0.1%

Value ($000) $2,888 (+20.2%) Shares 124,102 (+46.2%) Est. Cost $23.52 Unrealized +2.5%

SAM BOSTON BEER INC 0.1%

Value ($000) $5,985 (+8.3%) Shares 30,673 (+17.3%) Est. Cost $241.66 Unrealized -14.7%

USFD US FOODS HLDG CORP 0.1%

Value ($000) $3,130 (+16.3%) Shares 41,554 (+18.3%) Est. Cost $70.34 Unrealized +6.7%

DKNG DRAFTKINGS INC NEW 0.0%

Value ($000) $1,598 (+36.9%) Shares 46,359 (+48.6%) Est. Cost $36.73 Unrealized -10.5%

GIS GENERAL MLS INC 0.1%

Value ($000) $4,625 (-6.3%) Shares 99,455 (+1.6%) Est. Cost $55.41 Unrealized -14.3%

EPR EPR PPTYS 0.0%

Value ($000) $700 (+77.2%) Shares 14,032 (+106.0%) Est. Cost $46.90 Unrealized —

SO SOUTHERN CO 0.0%

Value ($000) $2,171 (+14.9%) Shares 24,893 (+24.9%) Est. Cost $87.95 Unrealized +3.3%

CHDN CHURCHILL DOWNS INC 0.0%

Value ($000) $1,417 (+22.4%) Shares 12,453 (+4.4%) Est. Cost $102.49 Unrealized +0.9%

OMC OMNICOM GROUP INC 0.0%

Value ($000) $1,775 (+16.4%) Shares 21,976 (+17.6%) Est. Cost $74.16 Unrealized +2.2%

RBLX ROBLOX CORP 0.0%

Value ($000) $855 (-19.9%) Shares 10,548 (+37.0%) Est. Cost $60.53 Unrealized +75.4%

APTV APTIV PLC 0.1%

Value ($000) $2,457 (-7.0%) Shares 32,294 (+5.4%) Est. Cost $69.48 Unrealized +15.5%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $3,179 (+6.1%) Shares 40,234 (+7.3%) Est. Cost $83.76 Unrealized -6.5%

VC VISTEON CORP 0.0%

Value ($000) $1,370 (+14.2%) Shares 14,407 (+43.9%) Est. Cost $90.47 Unrealized +16.9%

SCI SERVICE CORP INTL 0.0%

Value ($000) $2,045 (+7.9%) Shares 26,224 (+15.2%) Est. Cost $79.44 Unrealized +0.7%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $5,335 (+2.9%) Shares 6,187 (+10.4%) Est. Cost $838.50 Unrealized +8.0%

CMG CHIPOTLE MEXICAN GRILL INC 0.1%

Value ($000) $3,097 (+3.4%) Shares 83,693 (+9.6%) Est. Cost $50.38 Unrealized -28.2%

CUZ COUSINS PPTYS INC 0.1%

Value ($000) $2,347 (+1.7%) Shares 91,049 (+14.2%) Est. Cost $26.73 Unrealized —

CHTR CHARTER COMMUNICATIONS INC N 0.0%

Value ($000) $1,219 (+3.2%) Shares 5,841 (+36.0%) Est. Cost $353.54 Unrealized -36.4%

ES EVERSOURCE ENERGY 0.0%

Value ($000) $927 (+4.0%) Shares 13,775 (+9.9%) Est. Cost $64.68 Unrealized +7.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	11,050,000 (+116.7%)	$890,962 (+115.2%)	19.7%	$80.71	—	IBOXX HI YD ETF	464288513
NVDA	NVIDIA CORPORATION	736,225 (+51.8%)	$137,306 (+51.7%)	3.0%	$178.33	+4.4%	COM	67066G104
BURL	BURLINGTON STORES INC	249,480 (+114.7%)	$72,062 (+143.7%)	1.6%	$271.44	-0.1%	COM	122017106
ROK	ROCKWELL AUTOMATION INC	351,309 (+1.4%)	$136,684 (+12.9%)	3.0%	$283.38	+32.4%	COM	773903109
DIS	DISNEY WALT CO	733,980 (+20.7%)	$83,505 (+19.9%)	1.8%	$102.61	+6.7%	COM	254687106
SA	SEABRIDGE GOLD INC	1,664,634 (+11.7%)	$49,350 (+37.3%)	1.1%	$14.22	+84.9%	COM	811916105
TEAM	ATLASSIAN CORPORATION	717,272 (+7.6%)	$116,298 (+9.2%)	2.6%	$179.24	-12.4%	CL A	049468101
ABBV	ABBVIE INC	278,403 (+18.1%)	$63,612 (+16.5%)	1.4%	$205.87	+10.5%	COM	00287Y109
GE	GE AEROSPACE	369,652 (+4.6%)	$113,864 (+7.1%)	2.5%	$213.37	+41.0%	COM NEW	369604301
PSA	PUBLIC STORAGE OPER CO	32,963 (+326.7%)	$8,554 (+283.3%)	0.2%	$276.71	+0.2%	COM	74460D109
AAL	AMERICAN AIRLS GROUP INC	458,000 (+350.8%)	$7,021 (+514.8%)	0.2%	—	—	PUT	02376R102
VTR	VENTAS INC	51,241 (+883.9%)	$3,965 (+987.8%)	0.1%	$74.10	+1.2%	COM	92276F100
WEC	WEC ENERGY GROUP INC	48,490 (+156.2%)	$5,114 (+135.8%)	0.1%	$104.50	+5.5%	COM	92939U106
SUI	SUN CMNTYS INC	31,096 (+199.7%)	$3,853 (+187.9%)	0.1%	$125.61	—	COM	866674104
LEA	LEAR CORP	30,948 (+197.3%)	$3,547 (+238.7%)	0.1%	$105.05	+1.2%	COM NEW	521865204
POST	POST HLDGS INC	53,000 (+100.0%)	$5,250 (+84.3%)	0.1%	$103.53	0.0%	PUT	737446104
NYT	NEW YORK TIMES CO	51,167 (+86.6%)	$3,552 (+125.7%)	0.1%	$56.84	+8.8%	CL A	650111107
NNN	NNN REIT INC	68,051 (+278.0%)	$2,697 (+251.9%)	0.1%	$40.57	—	COM	637417106
BBWI	BATH & BODY WORKS INC	118,536 (+347.4%)	$2,380 (+248.7%)	0.1%	$23.33	-6.9%	COM	070830104
EXPE	EXPEDIA GROUP INC	12,537 (+43.3%)	$3,552 (+89.9%)	0.1%	$179.05	+37.9%	COM NEW	30212P303
POR	PORTLAND GEN ELEC CO	138,817 (+20.7%)	$6,662 (+31.7%)	0.1%	$42.03	+11.3%	COM NEW	736508847
CMCSA	COMCAST CORP NEW	66,665 (+291.3%)	$1,993 (+272.3%)	0.0%	$29.72	-4.0%	CL A	20030N101
BSX	BOSTON SCIENTIFIC CORP	224,925 (+9.8%)	$21,447 (+7.3%)	0.5%	$103.07	-4.9%	COM	101137107
CCI	CROWN CASTLE INC	41,150 (+77.6%)	$3,657 (+63.6%)	0.1%	$95.10	-4.2%	COM	22822V101
TSCO	TRACTOR SUPPLY CO	58,121 (+107.8%)	$2,907 (+82.7%)	0.1%	$56.03	-4.1%	COM	892356106
TGT	TARGET CORP	21,263 (+143.4%)	$2,078 (+165.2%)	0.0%	$100.40	-8.7%	COM	87612E106
FE	FIRSTENERGY CORP	114,924 (+32.6%)	$5,145 (+29.5%)	0.1%	$41.61	+9.9%	COM	337932107
NSA	NATIONAL STORAGE AFFILIATES	255,436 (+27.3%)	$7,206 (+18.8%)	0.2%	$34.45	—	COM SHS BEN IN	637870106
ADM	ARCHER DANIELS MIDLAND CO	79,629 (+31.6%)	$4,578 (+26.6%)	0.1%	$58.18	+2.2%	COM	039483102
TJX	TJX COS INC NEW	15,489 (+54.7%)	$2,379 (+64.4%)	0.1%	$128.68	+14.8%	COM	872540109
DOC	HEALTHPEAK PROPERTIES INC	386,667 (+39.9%)	$6,218 (+17.5%)	0.1%	$17.59	-0.7%	COM	42250P103
AEP	AMERICAN ELEC PWR CO INC	30,724 (+31.5%)	$3,543 (+34.8%)	0.1%	$102.31	+15.0%	COM	025537101
SNAP	SNAP INC	232,345 (+85.3%)	$1,875 (+93.9%)	0.0%	$8.12	-2.6%	CL A	83304A106
HOG	HARLEY DAVIDSON INC	57,270 (+428.9%)	$1,173 (+288.4%)	0.0%	$24.42	+0.6%	COM	412822108
CASY	CASEYS GEN STORES INC	4,549 (+53.3%)	$2,514 (+49.8%)	0.1%	$531.53	+3.4%	COM	147528103
O	REALTY INCOME CORP	36,376 (+82.1%)	$2,051 (+68.8%)	0.0%	$57.12	+0.4%	COM	756109104
MZTI	MARZETTI COMPANY	11,452 (+79.7%)	$1,883 (+71.0%)	0.0%	$173.84	-4.0%	COM	513847103
OGS	ONE GAS INC	37,880 (+37.3%)	$2,926 (+31.1%)	0.1%	$76.39	+5.2%	COM	68235P108
DG	DOLLAR GEN CORP NEW	18,785 (+4.8%)	$2,494 (+34.6%)	0.1%	$108.38	+2.9%	COM	256677105
BYD	BOYD GAMING CORP	10,764 (+217.3%)	$918 (+212.9%)	0.0%	$79.37	+3.6%	COM	103304101
PG	PROCTER AND GAMBLE CO	6,017 (+279.4%)	$862 (+253.9%)	0.0%	$150.12	-2.0%	COM	742718109
MTN	VAIL RESORTS INC	8,265 (+155.3%)	$1,098 (+126.7%)	0.0%	$150.32	-2.1%	COM	91879Q109
DRI	DARDEN RESTAURANTS INC	12,288 (+37.1%)	$2,261 (+32.5%)	0.1%	$185.36	-1.8%	COM	237194105
GNTX	GENTEX CORP	124,102 (+46.2%)	$2,888 (+20.2%)	0.1%	$23.52	+2.5%	COM	371901109
SAM	BOSTON BEER INC	30,673 (+17.3%)	$5,985 (+8.3%)	0.1%	$241.66	-14.7%	CL A	100557107
USFD	US FOODS HLDG CORP	41,554 (+18.3%)	$3,130 (+16.3%)	0.1%	$70.34	+6.7%	COM	912008109
DKNG	DRAFTKINGS INC NEW	46,359 (+48.6%)	$1,598 (+36.9%)	0.0%	$36.73	-10.5%	COM CL A	26142V105
GIS	GENERAL MLS INC	99,455 (+1.6%)	$4,625 (-6.3%)	0.1%	$55.41	-14.3%	COM	370334104
EPR	EPR PPTYS	14,032 (+106.0%)	$700 (+77.2%)	0.0%	$46.90	—	COM SH BEN INT	26884U109
SO	SOUTHERN CO	24,893 (+24.9%)	$2,171 (+14.9%)	0.0%	$87.95	+3.3%	COM	842587107
CHDN	CHURCHILL DOWNS INC	12,453 (+4.4%)	$1,417 (+22.4%)	0.0%	$102.49	+0.9%	COM	171484108
OMC	OMNICOM GROUP INC	21,976 (+17.6%)	$1,775 (+16.4%)	0.0%	$74.16	+2.2%	COM	681919106
RBLX	ROBLOX CORP	10,548 (+37.0%)	$855 (-19.9%)	0.0%	$60.53	+75.4%	CL A	771049103
APTV	APTIV PLC	32,294 (+5.4%)	$2,457 (-7.0%)	0.1%	$69.48	+15.5%	COM SHS	G3265R107
CL	COLGATE PALMOLIVE CO	40,234 (+7.3%)	$3,179 (+6.1%)	0.1%	$83.76	-6.5%	COM	194162103
VC	VISTEON CORP	14,407 (+43.9%)	$1,370 (+14.2%)	0.0%	$90.47	+16.9%	COM NEW	92839U206
SCI	SERVICE CORP INTL	26,224 (+15.2%)	$2,045 (+7.9%)	0.0%	$79.44	+0.7%	COM	817565104
COST	COSTCO WHSL CORP NEW	6,187 (+10.4%)	$5,335 (+2.9%)	0.1%	$838.50	+8.0%	COM	22160K105
CMG	CHIPOTLE MEXICAN GRILL INC	83,693 (+9.6%)	$3,097 (+3.4%)	0.1%	$50.38	-28.2%	COM	169656105
CUZ	COUSINS PPTYS INC	91,049 (+14.2%)	$2,347 (+1.7%)	0.1%	$26.73	—	COM NEW	222795502
CHTR	CHARTER COMMUNICATIONS INC N	5,841 (+36.0%)	$1,219 (+3.2%)	0.0%	$353.54	-36.4%	CL A	16119P108
ES	EVERSOURCE ENERGY	13,775 (+9.9%)	$927 (+4.0%)	0.0%	$64.68	+7.5%	COM	30040W108

Exited Positions (36)

HON HONEYWELL INTL INC 3.0%

Value ($000) $135,223 Shares 642,389 Est. Cost $186.22 Unrealized +4.7%

MSFT MICROSOFT CORP 2.6%

Value ($000) $117,368 Shares 226,601 Est. Cost $350.99 Unrealized +42.6%

BLK BLACKROCK INC 1.1%

Value ($000) $49,239 Shares 42,234 Est. Cost $1106.92 Unrealized -1.6%

PINS PINTEREST INC 1.1%

Value ($000) $48,077 Shares 1,494,452 Est. Cost $37.54 Unrealized -23.3%

LLY ELI LILLY & CO 0.8%

Value ($000) $34,567 Shares 45,304 Est. Cost $821.14 Unrealized +16.4%

HST HOST HOTELS & RESORTS INC 0.2%

Value ($000) $8,697 Shares 511,011 Est. Cost $15.91 Unrealized +6.4%

DHR DANAHER CORPORATION 0.1%

Value ($000) $4,737 Shares 23,894 Est. Cost $198.37 Unrealized +10.7%

AVTR AVANTOR INC 0.1%

Value ($000) $3,607 Shares 289,022 Est. Cost $12.88 Unrealized -4.5%

EA ELECTRONIC ARTS INC 0.1%

Value ($000) $3,229 Shares 16,011 Est. Cost $145.88 Unrealized +38.3%

GLPI GAMING & LEISURE PPTYS INC 0.1%

Value ($000) $3,225 Shares 69,190 Est. Cost $46.61 Unrealized —

LOW LOWES COS INC 0.1%

Value ($000) $2,555 Shares 10,167 Est. Cost $234.82 Unrealized +2.1%

ORA ORMAT TECHNOLOGIES INC 0.1%

Value ($000) $2,518 Shares 26,163 Est. Cost $90.04 Unrealized +21.4%

SR SPIRE INC 0.0%

Value ($000) $1,797 Shares 22,047 Est. Cost $65.55 Unrealized —

EGP EASTGROUP PPTYS INC 0.0%

Value ($000) $1,703 Shares 10,059 Est. Cost $169.26 Unrealized —

AZO AUTOZONE INC 0.0%

Value ($000) $1,587 Shares 370 Est. Cost $3746.77 Unrealized +0.8%

EIX EDISON INTL 0.0%

Value ($000) $1,553 Shares 28,098 Est. Cost $53.10 Unrealized +8.0%

PFGC PERFORMANCE FOOD GROUP CO 0.0%

Value ($000) $1,372 Shares 13,183 Est. Cost $100.10 Unrealized -3.5%

AES AES CORP 0.0%

Value ($000) $1,367 Shares 103,860 Est. Cost $10.37 Unrealized +35.4%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $1,248 Shares 28,404 Est. Cost $35.54 Unrealized +13.9%

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value ($000) $1,164 Shares 10,801 Est. Cost $89.72 Unrealized +8.9%

CART MAPLEBEAR INC 0.0%

Value ($000) $1,069 Shares 29,093 Est. Cost $43.48 Unrealized -5.9%

DUOL DUOLINGO INC 0.0%

Value ($000) $1,017 Shares 3,161 Est. Cost $299.76 Unrealized -21.4%

EXR EXTRA SPACE STORAGE INC 0.0%

Value ($000) $1,016 Shares 7,207 Est. Cost $143.69 Unrealized -6.0%

— FIVERR INTL LTD 0.0%

Value ($000) $996 Shares 1,000,000 Est. Cost $0.81 Unrealized —

MTCH MATCH GROUP INC NEW 0.0%

Value ($000) $673 Shares 19,057 Est. Cost $31.18 Unrealized +5.4%

ULTA ULTA BEAUTY INC 0.0%

Value ($000) $662 Shares 1,211 Est. Cost $389.59 Unrealized +41.1%

HRB BLOCK H & R INC 0.0%

Value ($000) $625 Shares 12,350 Est. Cost $49.08 Unrealized -5.4%

IDA IDACORP INC 0.0%

Value ($000) $587 Shares 4,441 Est. Cost $123.84 Unrealized +5.0%

KVUE KENVUE INC 0.0%

Value ($000) $561 Shares 34,554 Est. Cost $20.94 Unrealized -22.4%

PAG PENSKE AUTOMOTIVE GRP INC 0.0%

Value ($000) $546 Shares 3,137 Est. Cost $162.34 Unrealized +1.3%

NJR NEW JERSEY RES CORP 0.0%

Value ($000) $543 Shares 11,269 Est. Cost $45.58 Unrealized +0.5%

DUK DUKE ENERGY CORP NEW 0.0%

Value ($000) $506 Shares 4,085 Est. Cost $115.43 Unrealized +5.3%

TKO TKO GROUP HOLDINGS INC 0.0%

Value ($000) $416 Shares 2,060 Est. Cost $146.80 Unrealized +32.0%

POOL POOL CORP 0.0%

Value ($000) $254 Shares 818 Est. Cost $342.83 Unrealized -24.3%

CHH CHOICE HOTELS INTL INC 0.0%

Value ($000) $245 Shares 2,295 Est. Cost $125.36 Unrealized -24.3%

STZ CONSTELLATION BRANDS INC 0.0%

Value ($000) $220 Shares 1,631 Est. Cost $157.52 Unrealized -13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	642,389	$135,223	3.0%	$186.22	+4.7%	—	438516106
MSFT	MICROSOFT CORP	226,601	$117,368	2.6%	$350.99	+42.6%	—	594918104
BLK	BLACKROCK INC	42,234	$49,239	1.1%	$1106.92	-1.6%	—	09290D101
PINS	PINTEREST INC	1,494,452	$48,077	1.1%	$37.54	-23.3%	—	72352L106
LLY	ELI LILLY & CO	45,304	$34,567	0.8%	$821.14	+16.4%	—	532457108
HST	HOST HOTELS & RESORTS INC	511,011	$8,697	0.2%	$15.91	+6.4%	—	44107P104
DHR	DANAHER CORPORATION	23,894	$4,737	0.1%	$198.37	+10.7%	—	235851102
AVTR	AVANTOR INC	289,022	$3,607	0.1%	$12.88	-4.5%	—	05352A100
EA	ELECTRONIC ARTS INC	16,011	$3,229	0.1%	$145.88	+38.3%	—	285512109
GLPI	GAMING & LEISURE PPTYS INC	69,190	$3,225	0.1%	$46.61	—	—	36467J108
LOW	LOWES COS INC	10,167	$2,555	0.1%	$234.82	+2.1%	—	548661107
ORA	ORMAT TECHNOLOGIES INC	26,163	$2,518	0.1%	$90.04	+21.4%	—	686688102
SR	SPIRE INC	22,047	$1,797	0.0%	$65.55	—	—	84857L101
EGP	EASTGROUP PPTYS INC	10,059	$1,703	0.0%	$169.26	—	—	277276101
AZO	AUTOZONE INC	370	$1,587	0.0%	$3746.77	+0.8%	—	053332102
EIX	EDISON INTL	28,098	$1,553	0.0%	$53.10	+8.0%	—	281020107
PFGC	PERFORMANCE FOOD GROUP CO	13,183	$1,372	0.0%	$100.10	-3.5%	—	71377A103
AES	AES CORP	103,860	$1,367	0.0%	$10.37	+35.4%	—	00130H105
VZ	VERIZON COMMUNICATIONS INC	28,404	$1,248	0.0%	$35.54	+13.9%	—	92343V104
ORLY	OREILLY AUTOMOTIVE INC	10,801	$1,164	0.0%	$89.72	+8.9%	—	67103H107
CART	MAPLEBEAR INC	29,093	$1,069	0.0%	$43.48	-5.9%	—	565394103
DUOL	DUOLINGO INC	3,161	$1,017	0.0%	$299.76	-21.4%	—	26603R106
EXR	EXTRA SPACE STORAGE INC	7,207	$1,016	0.0%	$143.69	-6.0%	—	30225T102
—	FIVERR INTL LTD	1,000,000	$996	0.0%	$0.81	—	—	33835LAA3
MTCH	MATCH GROUP INC NEW	19,057	$673	0.0%	$31.18	+5.4%	—	57667L107
ULTA	ULTA BEAUTY INC	1,211	$662	0.0%	$389.59	+41.1%	—	90384S303
HRB	BLOCK H & R INC	12,350	$625	0.0%	$49.08	-5.4%	—	093671105
IDA	IDACORP INC	4,441	$587	0.0%	$123.84	+5.0%	—	451107106
KVUE	KENVUE INC	34,554	$561	0.0%	$20.94	-22.4%	—	49177J102
PAG	PENSKE AUTOMOTIVE GRP INC	3,137	$546	0.0%	$162.34	+1.3%	—	70959W103
NJR	NEW JERSEY RES CORP	11,269	$543	0.0%	$45.58	+0.5%	—	646025106
DUK	DUKE ENERGY CORP NEW	4,085	$506	0.0%	$115.43	+5.3%	—	26441C204
TKO	TKO GROUP HOLDINGS INC	2,060	$416	0.0%	$146.80	+32.0%	—	87256C101
POOL	POOL CORP	818	$254	0.0%	$342.83	-24.3%	—	73278L105
CHH	CHOICE HOTELS INTL INC	2,295	$245	0.0%	$125.36	-24.3%	—	169905106
STZ	CONSTELLATION BRANDS INC	1,631	$220	0.0%	$157.52	-13.1%	—	21036P108

Decreased Positions (51)

GFL GFL ENVIRONMENTAL INC 21.3%

Value ($000) $964,428 (-16.2%) Shares 22,450,784 (-7.6%) Est. Cost $15.60 Unrealized +186.4%

CMI CUMMINS INC 3.5%

Value ($000) $160,319 (+18.0%) Shares 314,074 (-2.4%) Est. Cost $304.04 Unrealized +53.4%

T AT&T INC 1.8%

Value ($000) $82,860 (-21.0%) Shares 3,335,763 (-10.1%) Est. Cost $24.33 Unrealized +3.9%

COF CAPITAL ONE FINL CORP 4.6%

Value ($000) $206,863 (+9.9%) Shares 853,538 (-3.6%) Est. Cost $187.52 Unrealized +18.5%

AZN ASTRAZENECA PLC 1.2%

Value ($000) $52,644 (-16.1%) Shares 572,652 (-30.0%) Est. Cost $69.88 Unrealized —

WMT WALMART INC 4.1%

Value ($000) $184,712 (+5.8%) Shares 1,657,948 (-2.2%) Est. Cost $92.88 Unrealized +15.4%

BAC BANK AMERICA CORP 3.3%

Value ($000) $149,919 (-5.7%) Shares 2,725,808 (-11.6%) Est. Cost $42.82 Unrealized +23.0%

CRM SALESFORCE INC 3.9%

Value ($000) $177,468 (+4.6%) Shares 669,919 (-6.4%) Est. Cost $235.80 Unrealized +5.2%

SWX SOUTHWEST GAS HLDGS INC 0.0%

Value ($000) $1,375 (-83.3%) Shares 17,187 (-83.6%) Est. Cost $73.84 Unrealized +8.5%

ROST ROSS STORES INC 1.8%

Value ($000) $81,721 (+8.7%) Shares 453,653 (-8.0%) Est. Cost $142.18 Unrealized +17.2%

MAA MID-AMER APT CMNTYS INC 0.0%

Value ($000) $577 (-90.3%) Shares 4,151 (-90.3%) Est. Cost $139.21 Unrealized -4.5%

DTE DTE ENERGY CO 0.1%

Value ($000) $2,989 (-57.8%) Shares 23,174 (-53.7%) Est. Cost $124.07 Unrealized +8.6%

INGR INGREDION INC 0.0%

Value ($000) $1,460 (-72.0%) Shares 13,239 (-69.0%) Est. Cost $126.91 Unrealized -11.1%

UGI UGI CORP NEW 0.1%

Value ($000) $3,083 (-51.4%) Shares 82,360 (-56.8%) Est. Cost $30.45 Unrealized +16.3%

LAMR LAMAR ADVERTISING CO NEW 0.1%

Value ($000) $5,790 (-35.1%) Shares 45,741 (-37.2%) Est. Cost $116.90 Unrealized —

NFG NATIONAL FUEL GAS CO 0.0%

Value ($000) $1,829 (-58.3%) Shares 22,847 (-51.9%) Est. Cost $64.04 Unrealized +28.6%

SPG SIMON PPTY GROUP INC NEW 0.0%

Value ($000) $1,084 (-69.9%) Shares 5,856 (-69.5%) Est. Cost $169.06 Unrealized +6.5%

EVRG EVERGY INC 0.1%

Value ($000) $3,694 (-36.4%) Shares 50,959 (-33.3%) Est. Cost $62.00 Unrealized +21.7%

LOPE GRAND CANYON ED INC 0.0%

Value ($000) $2,003 (-51.3%) Shares 12,043 (-35.7%) Est. Cost $154.30 Unrealized +17.2%

CDP COPT DEFENSE PROPERTIES 0.1%

Value ($000) $2,578 (-44.3%) Shares 92,748 (-41.8%) Est. Cost $27.34 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $13,142 (+14.5%) Shares 22,680 (-4.2%) Est. Cost $464.78 Unrealized +21.6%

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $2,779 (-30.7%) Shares 519 (-30.1%) Est. Cost $3577.68 Unrealized +43.6%

WPC WP CAREY INC 0.2%

Value ($000) $7,111 (-14.1%) Shares 110,488 (-9.8%) Est. Cost $60.21 Unrealized —

VICI VICI PPTYS INC 0.0%

Value ($000) $2,184 (-31.6%) Shares 77,668 (-20.7%) Est. Cost $31.09 Unrealized -5.7%

CHWY CHEWY INC 0.0%

Value ($000) $912 (-52.4%) Shares 27,600 (-41.8%) Est. Cost $39.84 Unrealized -12.8%

AMH AMERICAN HOMES 4 RENT 0.0%

Value ($000) $893 (-52.1%) Shares 27,821 (-50.3%) Est. Cost $34.83 Unrealized —

DPZ DOMINOS PIZZA INC 0.1%

Value ($000) $2,921 (-24.3%) Shares 7,008 (-21.6%) Est. Cost $456.48 Unrealized -9.0%

PK PARK HOTELS & RESORTS INC 0.1%

Value ($000) $5,255 (-14.7%) Shares 502,374 (-9.6%) Est. Cost $10.71 Unrealized —

ESS ESSEX PPTY TR INC 0.0%

Value ($000) $241 (-76.2%) Shares 922 (-75.7%) Est. Cost $265.10 Unrealized -3.3%

BJ BJS WHSL CLUB HLDGS INC 0.0%

Value ($000) $1,848 (-29.2%) Shares 20,531 (-26.6%) Est. Cost $95.92 Unrealized -4.3%

TXRH TEXAS ROADHOUSE INC 0.1%

Value ($000) $3,969 (-15.7%) Shares 23,909 (-15.6%) Est. Cost $164.79 Unrealized +2.4%

CROX CROCS INC 0.0%

Value ($000) $419 (-61.4%) Shares 4,897 (-62.3%) Est. Cost $107.15 Unrealized -21.9%

FOXA FOX CORP 0.0%

Value ($000) $1,524 (-29.4%) Shares 20,861 (-39.1%) Est. Cost $56.63 Unrealized +15.4%

BKH BLACK HILLS CORP 0.1%

Value ($000) $3,808 (-13.7%) Shares 54,852 (-23.4%) Est. Cost $54.70 Unrealized +21.5%

NXST NEXSTAR MEDIA GROUP INC 0.1%

Value ($000) $2,405 (-18.1%) Shares 11,846 (-20.2%) Est. Cost $158.73 Unrealized +21.5%

KHC KRAFT HEINZ CO 0.1%

Value ($000) $3,792 (-9.8%) Shares 156,374 (-3.1%) Est. Cost $26.73 Unrealized -7.9%

GHC GRAHAM HLDGS CO 0.0%

Value ($000) $1,801 (-17.5%) Shares 1,639 (-11.5%) Est. Cost $916.81 Unrealized +16.3%

RDDT REDDIT INC 0.0%

Value ($000) $368 (-50.4%) Shares 1,600 (-50.4%) Est. Cost $113.37 Unrealized +85.5%

BBY BEST BUY INC 0.0%

Value ($000) $954 (-24.8%) Shares 14,256 (-15.1%) Est. Cost $74.42 Unrealized +1.4%

MUSA MURPHY USA INC 0.1%

Value ($000) $2,902 (-9.3%) Shares 7,192 (-12.7%) Est. Cost $382.43 Unrealized +0.2%

TSLA TESLA INC 0.0%

Value ($000) $819 (-25.8%) Shares 1,821 (-26.6%) Est. Cost $301.28 Unrealized +47.1%

YETI YETI HLDGS INC 0.1%

Value ($000) $3,880 (+6.7%) Shares 87,847 (-19.9%) Est. Cost $33.92 Unrealized +13.4%

CPT CAMDEN PPTY TR 0.2%

Value ($000) $6,891 (-3.1%) Shares 62,603 (-6.0%) Est. Cost $109.05 Unrealized -5.4%

FIVE FIVE BELOW INC 0.0%

Value ($000) $1,868 (+10.6%) Shares 9,918 (-9.2%) Est. Cost $111.01 Unrealized +46.4%

PII POLARIS INC 0.1%

Value ($000) $3,154 (+5.9%) Shares 49,871 (-2.6%) Est. Cost $40.72 Unrealized +61.7%

BC BRUNSWICK CORP 0.1%

Value ($000) $3,507 (+5.2%) Shares 47,235 (-10.4%) Est. Cost $49.68 Unrealized +35.9%

THO THOR INDS INC 0.0%

Value ($000) $477 (-26.5%) Shares 4,646 (-25.8%) Est. Cost $77.74 Unrealized +32.9%

RIVN RIVIAN AUTOMOTIVE INC 0.0%

Value ($000) $1,267 (-10.6%) Shares 64,274 (-33.4%) Est. Cost $13.57 Unrealized +17.0%

ED CONSOLIDATED EDISON INC 0.0%

Value ($000) $743 (-15.7%) Shares 7,477 (-14.7%) Est. Cost $99.12 Unrealized -0.3%

WY WEYERHAEUSER CO MTN BE 0.0%

Value ($000) $843 (-13.1%) Shares 35,586 (-9.1%) Est. Cost $25.19 Unrealized -8.7%

OHI OMEGA HEALTHCARE INVS INC 0.1%

Value ($000) $4,801 (-1.3%) Shares 108,273 (-6.0%) Est. Cost $35.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GFL	GFL ENVIRONMENTAL INC	22,450,784 (-7.6%)	$964,428 (-16.2%)	21.3%	$15.60	+186.4%	SUB VTG SHS	36168Q104
CMI	CUMMINS INC	314,074 (-2.4%)	$160,319 (+18.0%)	3.5%	$304.04	+53.4%	COM	231021106
T	AT&T INC	3,335,763 (-10.1%)	$82,860 (-21.0%)	1.8%	$24.33	+3.9%	COM	00206R102
COF	CAPITAL ONE FINL CORP	853,538 (-3.6%)	$206,863 (+9.9%)	4.6%	$187.52	+18.5%	COM	14040H105
AZN	ASTRAZENECA PLC	572,652 (-30.0%)	$52,644 (-16.1%)	1.2%	$69.88	—	SPONSORED ADR	046353108
WMT	WALMART INC	1,657,948 (-2.2%)	$184,712 (+5.8%)	4.1%	$92.88	+15.4%	COM	931142103
BAC	BANK AMERICA CORP	2,725,808 (-11.6%)	$149,919 (-5.7%)	3.3%	$42.82	+23.0%	COM	060505104
CRM	SALESFORCE INC	669,919 (-6.4%)	$177,468 (+4.6%)	3.9%	$235.80	+5.2%	COM	79466L302
SWX	SOUTHWEST GAS HLDGS INC	17,187 (-83.6%)	$1,375 (-83.3%)	0.0%	$73.84	+8.5%	COM	844895102
ROST	ROSS STORES INC	453,653 (-8.0%)	$81,721 (+8.7%)	1.8%	$142.18	+17.2%	COM	778296103
MAA	MID-AMER APT CMNTYS INC	4,151 (-90.3%)	$577 (-90.3%)	0.0%	$139.21	-4.5%	COM	59522J103
DTE	DTE ENERGY CO	23,174 (-53.7%)	$2,989 (-57.8%)	0.1%	$124.07	+8.6%	COM	233331107
INGR	INGREDION INC	13,239 (-69.0%)	$1,460 (-72.0%)	0.0%	$126.91	-11.1%	COM	457187102
UGI	UGI CORP NEW	82,360 (-56.8%)	$3,083 (-51.4%)	0.1%	$30.45	+16.3%	COM	902681105
LAMR	LAMAR ADVERTISING CO NEW	45,741 (-37.2%)	$5,790 (-35.1%)	0.1%	$116.90	—	CL A	512816109
NFG	NATIONAL FUEL GAS CO	22,847 (-51.9%)	$1,829 (-58.3%)	0.0%	$64.04	+28.6%	COM	636180101
SPG	SIMON PPTY GROUP INC NEW	5,856 (-69.5%)	$1,084 (-69.9%)	0.0%	$169.06	+6.5%	COM	828806109
EVRG	EVERGY INC	50,959 (-33.3%)	$3,694 (-36.4%)	0.1%	$62.00	+21.7%	COM	30034W106
LOPE	GRAND CANYON ED INC	12,043 (-35.7%)	$2,003 (-51.3%)	0.0%	$154.30	+17.2%	COM	38526M106
CDP	COPT DEFENSE PROPERTIES	92,748 (-41.8%)	$2,578 (-44.3%)	0.1%	$27.34	—	SHS BEN INT	22002T108
TMO	THERMO FISHER SCIENTIFIC INC	22,680 (-4.2%)	$13,142 (+14.5%)	0.3%	$464.78	+21.6%	COM	883556102
BKNG	BOOKING HOLDINGS INC	519 (-30.1%)	$2,779 (-30.7%)	0.1%	$3577.68	+43.6%	COM	09857L108
WPC	WP CAREY INC	110,488 (-9.8%)	$7,111 (-14.1%)	0.2%	$60.21	—	COM	92936U109
VICI	VICI PPTYS INC	77,668 (-20.7%)	$2,184 (-31.6%)	0.0%	$31.09	-5.7%	COM	925652109
CHWY	CHEWY INC	27,600 (-41.8%)	$912 (-52.4%)	0.0%	$39.84	-12.8%	CL A	16679L109
AMH	AMERICAN HOMES 4 RENT	27,821 (-50.3%)	$893 (-52.1%)	0.0%	$34.83	—	CL A	02665T306
DPZ	DOMINOS PIZZA INC	7,008 (-21.6%)	$2,921 (-24.3%)	0.1%	$456.48	-9.0%	COM	25754A201
PK	PARK HOTELS & RESORTS INC	502,374 (-9.6%)	$5,255 (-14.7%)	0.1%	$10.71	—	COM	700517105
ESS	ESSEX PPTY TR INC	922 (-75.7%)	$241 (-76.2%)	0.0%	$265.10	-3.3%	COM	297178105
BJ	BJS WHSL CLUB HLDGS INC	20,531 (-26.6%)	$1,848 (-29.2%)	0.0%	$95.92	-4.3%	COM	05550J101
TXRH	TEXAS ROADHOUSE INC	23,909 (-15.6%)	$3,969 (-15.7%)	0.1%	$164.79	+2.4%	COM	882681109
CROX	CROCS INC	4,897 (-62.3%)	$419 (-61.4%)	0.0%	$107.15	-21.9%	COM	227046109
FOXA	FOX CORP	20,861 (-39.1%)	$1,524 (-29.4%)	0.0%	$56.63	+15.4%	CL A COM	35137L105
BKH	BLACK HILLS CORP	54,852 (-23.4%)	$3,808 (-13.7%)	0.1%	$54.70	+21.5%	COM	092113109
NXST	NEXSTAR MEDIA GROUP INC	11,846 (-20.2%)	$2,405 (-18.1%)	0.1%	$158.73	+21.5%	COMMON STOCK	65336K103
KHC	KRAFT HEINZ CO	156,374 (-3.1%)	$3,792 (-9.8%)	0.1%	$26.73	-7.9%	COM	500754106
GHC	GRAHAM HLDGS CO	1,639 (-11.5%)	$1,801 (-17.5%)	0.0%	$916.81	+16.3%	COM CL B	384637104
RDDT	REDDIT INC	1,600 (-50.4%)	$368 (-50.4%)	0.0%	$113.37	+85.5%	CL A	75734B100
BBY	BEST BUY INC	14,256 (-15.1%)	$954 (-24.8%)	0.0%	$74.42	+1.4%	COM	086516101
MUSA	MURPHY USA INC	7,192 (-12.7%)	$2,902 (-9.3%)	0.1%	$382.43	+0.2%	COM	626755102
TSLA	TESLA INC	1,821 (-26.6%)	$819 (-25.8%)	0.0%	$301.28	+47.1%	COM	88160R101
YETI	YETI HLDGS INC	87,847 (-19.9%)	$3,880 (+6.7%)	0.1%	$33.92	+13.4%	COM	98585X104
CPT	CAMDEN PPTY TR	62,603 (-6.0%)	$6,891 (-3.1%)	0.2%	$109.05	-5.4%	SH BEN INT	133131102
FIVE	FIVE BELOW INC	9,918 (-9.2%)	$1,868 (+10.6%)	0.0%	$111.01	+46.4%	COM	33829M101
PII	POLARIS INC	49,871 (-2.6%)	$3,154 (+5.9%)	0.1%	$40.72	+61.7%	COM	731068102
BC	BRUNSWICK CORP	47,235 (-10.4%)	$3,507 (+5.2%)	0.1%	$49.68	+35.9%	COM	117043109
THO	THOR INDS INC	4,646 (-25.8%)	$477 (-26.5%)	0.0%	$77.74	+32.9%	COM	885160101
RIVN	RIVIAN AUTOMOTIVE INC	64,274 (-33.4%)	$1,267 (-10.6%)	0.0%	$13.57	+17.0%	COM CL A	76954A103
ED	CONSOLIDATED EDISON INC	7,477 (-14.7%)	$743 (-15.7%)	0.0%	$99.12	-0.3%	COM	209115104
WY	WEYERHAEUSER CO MTN BE	35,586 (-9.1%)	$843 (-13.1%)	0.0%	$25.19	-8.7%	COM NEW	962166104
OHI	OMEGA HEALTHCARE INVS INC	108,273 (-6.0%)	$4,801 (-1.3%)	0.1%	$35.70	—	COM	681936100

Unchanged Positions (27)

PONY PONY AI INC 2.1%

Value ($000) $94,142 Shares 6,492,530 Est. Cost $13.20 Unrealized —

COOK TRAEGER INC 0.6%

Value ($000) $26,669 Shares 24,693,075 Est. Cost $24.95 Unrealized -96.1%

— SPOTIFY USA INC 0.4%

Value ($000) $17,065 Shares 15,000,000 Est. Cost $1.36 Unrealized —

— H WORLD GROUP LTD 0.5%

Value ($000) $20,418 Shares 16,000,000 Est. Cost $1.26 Unrealized —

— NUTANIX INC 0.2%

Value ($000) $11,214 Shares 10,000,000 Est. Cost $1.39 Unrealized —

— UBER TECHNOLOGIES INC 0.4%

Value ($000) $19,451 Shares 15,000,000 Est. Cost $1.47 Unrealized —

BZH BEAZER HOMES USA INC 0.2%

Value ($000) $7,986 Shares 394,000 Est. Cost — Unrealized —

— FORD MTR CO 0.7%

Value ($000) $31,212 Shares 30,000,000 Est. Cost $1.03 Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value ($000) $2,401 Shares 8,358 Est. Cost $250.54 Unrealized +8.6%

— SEA LTD 0.2%

Value ($000) $9,715 Shares 10,000,000 Est. Cost $0.80 Unrealized —

— DROPBOX INC 0.1%

Value ($000) $5,042 Shares 5,000,000 Est. Cost $1.03 Unrealized —

— VAIL RESORTS INC 0.2%

Value ($000) $9,950 Shares 10,000,000 Est. Cost $0.98 Unrealized —

PBA PEMBINA PIPELINE CORP 0.0%

Value ($000) $1,780 Shares 46,676 Est. Cost $37.34 Unrealized +3.0%

— BLOCK INC 0.2%

Value ($000) $6,888 Shares 7,000,000 Est. Cost $0.79 Unrealized —

— AIRBNB INC 0.2%

Value ($000) $6,945 Shares 7,000,000 Est. Cost $0.93 Unrealized —

— SNAP INC 0.1%

Value ($000) $3,638 Shares 4,000,000 Est. Cost $0.70 Unrealized —

— CABLE ONE INC 0.0%

Value ($000) $1,017 Shares 1,250,000 Est. Cost $0.74 Unrealized —

— DAYFORCE INC 0.1%

Value ($000) $4,950 Shares 5,000,000 Est. Cost $0.96 Unrealized —

— SPECTRUM BRANDS INC 0.1%

Value ($000) $3,770 Shares 4,000,000 Est. Cost $0.91 Unrealized —

— ALARM COM HLDGS INC 0.1%

Value ($000) $2,997 Shares 3,000,000 Est. Cost $0.82 Unrealized —

— TRIPADVISOR INC 0.1%

Value ($000) $6,128 Shares 6,237,000 Est. Cost $0.93 Unrealized —

— SNAP INC 0.1%

Value ($000) $5,589 Shares 6,000,000 Est. Cost $0.70 Unrealized —

— UNITY SOFTWARE INC 0.1%

Value ($000) $2,408 Shares 2,500,000 Est. Cost $0.77 Unrealized —

— RINGCENTRAL INC 0.1%

Value ($000) $3,265 Shares 3,311,000 Est. Cost $0.98 Unrealized —

— HAEMONETICS CORP MASS 0.0%

Value ($000) $1,980 Shares 2,000,000 Est. Cost $0.80 Unrealized —

— JETBLUE AIRWAYS CORP 0.0%

Value ($000) $1,476 Shares 1,500,000 Est. Cost $0.72 Unrealized —

BMO BANK MONTREAL QUE 0.0%

Value ($000) $1,249 Shares 9,618 Est. Cost $105.42 Unrealized +20.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PONY	PONY AI INC	6,492,530	$94,142	2.1%	$13.20	—	SPONSORED ADS	732908108
COOK	TRAEGER INC	24,693,075	$26,669	0.6%	$24.95	-96.1%	COMMON STOCK	89269P103
—	SPOTIFY USA INC	15,000,000	$17,065	0.4%	$1.36	—	NOTE3/1	84921RAB6
—	H WORLD GROUP LTD	16,000,000	$20,418	0.5%	$1.26	—	NOTE 3.000% 5/0	44332NAB2
—	NUTANIX INC	10,000,000	$11,214	0.2%	$1.39	—	NOTE 0.250%10/0	67059NAH1
—	UBER TECHNOLOGIES INC	15,000,000	$19,451	0.4%	$1.47	—	NOTE 0.875%12/0	90353TAM2
BZH	BEAZER HOMES USA INC	394,000	$7,986	0.2%	—	—	PUT	07556Q881
—	FORD MTR CO	30,000,000	$31,212	0.7%	$1.03	—	NOTE3/1	345370CZ1
HLT	HILTON WORLDWIDE HLDGS INC	8,358	$2,401	0.1%	$250.54	+8.6%	COM	43300A203
—	SEA LTD	10,000,000	$9,715	0.2%	$0.80	—	NOTE 0.250% 9/1	81141RAG5
—	DROPBOX INC	5,000,000	$5,042	0.1%	$1.03	—	NOTE3/0	26210CAD6
—	VAIL RESORTS INC	10,000,000	$9,950	0.2%	$0.98	—	NOTE1/0	91879QAN9
PBA	PEMBINA PIPELINE CORP	46,676	$1,780	0.0%	$37.34	+3.0%	COM	706327103
—	BLOCK INC	7,000,000	$6,888	0.2%	$0.79	—	NOTE5/0	852234AJ2
—	AIRBNB INC	7,000,000	$6,945	0.2%	$0.93	—	NOTE3/1	009066AB7
—	SNAP INC	4,000,000	$3,638	0.1%	$0.70	—	NOTE 0.125% 3/0	83304AAH9
—	CABLE ONE INC	1,250,000	$1,017	0.0%	$0.74	—	NOTE 1.125% 3/1	12685JAG0
—	DAYFORCE INC	5,000,000	$4,950	0.1%	$0.96	—	NOTE 0.250% 3/1	15677JAD0
—	SPECTRUM BRANDS INC	4,000,000	$3,770	0.1%	$0.91	—	NOTE 3.375% 6/0	84762LAZ8
—	ALARM COM HLDGS INC	3,000,000	$2,997	0.1%	$0.82	—	NOTE1/1	011642AB1
—	TRIPADVISOR INC	6,237,000	$6,128	0.1%	$0.93	—	NOTE 0.250% 4/0	896945AD4
—	SNAP INC	6,000,000	$5,589	0.1%	$0.70	—	NOTE5/0	83304AAF3
—	UNITY SOFTWARE INC	2,500,000	$2,408	0.1%	$0.77	—	NOTE11/1	91332UAB7
—	RINGCENTRAL INC	3,311,000	$3,265	0.1%	$0.98	—	NOTE3/1	76680RAH0
—	HAEMONETICS CORP MASS	2,000,000	$1,980	0.0%	$0.80	—	NOTE3/0	405024AB6
—	JETBLUE AIRWAYS CORP	1,500,000	$1,476	0.0%	$0.72	—	NOTE 0.500% 4/0	477143AP6
BMO	BANK MONTREAL QUE	9,618	$1,249	0.0%	$105.42	+20.1%	COM	063671101