PARNASSUS INVESTMENTS, LLC Diversified Active

CIK: 0000948669 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $38,560,918 (100.0% shares, 0.0% debt)

Holdings (138)

New Positions (3)

CMS CMS ENERGY CORP 0.3%

Value ($000) $102,983 Shares 1,472,659 Est. Cost $72.50 Unrealized 0.0%

IR INGERSOLL RAND INC 0.1%

Value ($000) $49,169 Shares 620,664 Est. Cost $78.94 Unrealized 0.0%

PWR QUANTA SVCS INC 0.1%

Value ($000) $19,969 Shares 47,313 Est. Cost $439.27 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMS	CMS ENERGY CORP	1,472,659	$102,983	0.3%	$72.50	0.0%	COM	125896100
IR	INGERSOLL RAND INC	620,664	$49,169	0.1%	$78.94	0.0%	COM	45687V106
PWR	QUANTA SVCS INC	47,313	$19,969	0.1%	$439.27	0.0%	COM	74762E102

Increased Positions (53)

HD HOME DEPOT INC 1.9%

Value ($000) $715,913 (+589.8%) Shares 2,080,538 (+712.3%) Est. Cost $367.61 Unrealized -0.8%

LLY ELI LILLY & CO 2.8%

Value ($000) $1,085,848 (+126.5%) Shares 1,010,392 (+60.8%) Est. Cost $871.54 Unrealized +9.6%

AAPL APPLE INC 3.6%

Value ($000) $1,372,668 (+52.7%) Shares 5,049,172 (+43.0%) Est. Cost $163.91 Unrealized +63.7%

NOW SERVICENOW INC 0.9%

Value ($000) $353,095 (-39.9%) Shares 2,304,946 (+261.1%) Est. Cost $177.41 Unrealized -3.3%

COST COSTCO WHSL CORP NEW 1.5%

Value ($000) $571,255 (+46.8%) Shares 662,447 (+57.6%) Est. Cost $485.03 Unrealized +86.7%

SYK STRYKER CORPORATION 1.8%

Value ($000) $684,514 (+17.1%) Shares 1,947,575 (+23.1%) Est. Cost $344.78 Unrealized +5.4%

BSX BOSTON SCIENTIFIC CORP 2.0%

Value ($000) $753,193 (+12.1%) Shares 7,899,240 (+14.7%) Est. Cost $102.76 Unrealized -4.6%

CMG CHIPOTLE MEXICAN GRILL INC 0.2%

Value ($000) $67,878 (+284.6%) Shares 1,834,533 (+307.4%) Est. Cost $39.98 Unrealized -9.5%

SARO STANDARDAERO INC 0.2%

Value ($000) $72,049 (+131.7%) Shares 2,512,169 (+120.4%) Est. Cost $27.60 Unrealized -1.4%

ODFL OLD DOMINION FREIGHT LINE IN 0.2%

Value ($000) $60,131 (+140.5%) Shares 383,487 (+116.0%) Est. Cost $161.06 Unrealized -11.1%

BILL BILL HOLDINGS INC 0.2%

Value ($000) $79,835 (+66.4%) Shares 1,463,791 (+61.6%) Est. Cost $52.74 Unrealized -2.6%

VRSK VERISK ANALYTICS INC 1.1%

Value ($000) $406,011 (+8.1%) Shares 1,815,060 (+21.6%) Est. Cost $199.72 Unrealized +12.8%

HUBB HUBBELL INC 0.2%

Value ($000) $86,578 (+43.0%) Shares 194,948 (+38.6%) Est. Cost $397.81 Unrealized +9.9%

A AGILENT TECHNOLOGIES INC 0.2%

Value ($000) $79,048 (+33.8%) Shares 580,939 (+26.2%) Est. Cost $107.65 Unrealized +33.5%

WCN WASTE CONNECTIONS INC 0.0%

Value ($000) $14,274 (+5334.7%) Shares 81,398 (+5348.3%) Est. Cost $173.12 Unrealized -0.2%

NXPI NXP SEMICONDUCTORS N V 0.1%

Value ($000) $50,271 (+37.0%) Shares 231,599 (+43.8%) Est. Cost $220.18 Unrealized -3.0%

EW EDWARDS LIFESCIENCES CORP 0.1%

Value ($000) $50,021 (+35.4%) Shares 586,760 (+23.6%) Est. Cost $78.88 Unrealized +4.0%

NICE NICE LTD 0.2%

Value ($000) $59,336 (-12.6%) Shares 524,909 (+11.9%) Est. Cost $198.58 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.3%

Value ($000) $125,194 (-6.3%) Shares 3,073,760 (+1.1%) Est. Cost $37.12 Unrealized +9.1%

DASH DOORDASH INC 0.0%

Value ($000) $10,180 (+471.1%) Shares 44,948 (+585.8%) Est. Cost $226.35 Unrealized +3.6%

INSM INSMED INC 0.0%

Value ($000) $8,988 (+615.2%) Shares 51,643 (+491.8%) Est. Cost $165.27 Unrealized +10.4%

WMT WALMART INC 0.2%

Value ($000) $79,839 (+9.8%) Shares 716,625 (+1.6%) Est. Cost $96.45 Unrealized +11.1%

ABT ABBOTT LABS 0.2%

Value ($000) $77,223 (+9.9%) Shares 616,351 (+17.5%) Est. Cost $130.11 Unrealized -2.2%

PCOR PROCORE TECHNOLOGIES INC 0.0%

Value ($000) $16,919 (+64.2%) Shares 232,594 (+64.6%) Est. Cost $66.27 Unrealized +11.6%

PGR PROGRESSIVE CORP 0.3%

Value ($000) $103,806 (-6.0%) Shares 455,850 (+2.0%) Est. Cost $116.41 Unrealized +82.4%

NTRA NATERA INC 0.0%

Value ($000) $16,226 (+47.7%) Shares 70,828 (+3.8%) Est. Cost $151.57 Unrealized +37.6%

WTW WILLIS TOWERS WATSON PLC LTD 0.3%

Value ($000) $117,487 (-3.5%) Shares 357,537 (+1.5%) Est. Cost $308.23 Unrealized +5.9%

V VISA INC 0.3%

Value ($000) $97,788 (+4.5%) Shares 278,829 (+1.7%) Est. Cost $299.86 Unrealized +13.5%

ROK ROCKWELL AUTOMATION INC 0.1%

Value ($000) $25,218 (+19.9%) Shares 64,815 (+7.7%) Est. Cost $283.20 Unrealized +32.5%

RCL ROYAL CARIBBEAN GROUP 0.1%

Value ($000) $22,540 (+16.6%) Shares 80,810 (+35.3%) Est. Cost $248.00 Unrealized +13.5%

CME CME GROUP INC 0.3%

Value ($000) $96,481 (+3.0%) Shares 353,308 (+1.9%) Est. Cost $169.61 Unrealized +59.6%

MTD METTLER TOLEDO INTERNATIONAL 0.0%

Value ($000) $19,270 (+16.0%) Shares 13,822 (+2.1%) Est. Cost $1130.25 Unrealized +23.6%

ROP ROPER TECHNOLOGIES INC 0.1%

Value ($000) $48,799 (+4.7%) Shares 109,628 (+17.3%) Est. Cost $394.95 Unrealized +17.0%

CI THE CIGNA GROUP 0.2%

Value ($000) $92,370 (-2.0%) Shares 335,611 (+2.6%) Est. Cost $280.11 Unrealized -0.3%

IDXX IDEXX LABS INC 0.1%

Value ($000) $22,766 (+8.4%) Shares 33,651 (+2.4%) Est. Cost $270.63 Unrealized +151.6%

MSCI MSCI INC 0.0%

Value ($000) $13,464 (+9.1%) Shares 23,467 (+7.9%) Est. Cost $501.28 Unrealized +11.7%

PODD INSULET CORP 0.1%

Value ($000) $47,441 (+2.0%) Shares 166,904 (+10.8%) Est. Cost $313.25 Unrealized -0.2%

VMC VULCAN MATLS CO 0.1%

Value ($000) $57,791 (-1.4%) Shares 202,619 (+6.3%) Est. Cost $258.22 Unrealized +13.5%

ALNY ALNYLAM PHARMACEUTICALS INC 0.0%

Value ($000) $17,719 (+5.0%) Shares 44,560 (+20.4%) Est. Cost $304.79 Unrealized +45.2%

WST WEST PHARMACEUTICAL SVSC INC 0.0%

Value ($000) $9,461 (+7.4%) Shares 34,387 (+2.4%) Est. Cost $321.04 Unrealized -14.8%

ISRG INTUITIVE SURGICAL INC 0.0%

Value ($000) $1,748 (+40.2%) Shares 3,087 (+10.7%) Est. Cost $442.31 Unrealized +20.4%

ASML ASML HOLDING N V 0.0%

Value ($000) $2,523 (+21.7%) Shares 2,358 (+10.1%) Est. Cost $798.07 Unrealized —

GEV GE VERNOVA INC 0.0%

Value ($000) $2,142 (+21.2%) Shares 3,277 (+14.1%) Est. Cost $399.08 Unrealized +52.6%

PNR PENTAIR PLC 0.1%

Value ($000) $47,499 (+0.5%) Shares 456,104 (+6.8%) Est. Cost $66.58 Unrealized +60.3%

NFLX NETFLIX INC 0.0%

Value ($000) $1,821 (+10.5%) Shares 19,417 (+1313.2%) Est. Cost $104.38 Unrealized +3.3%

APPF APPFOLIO INC 0.0%

Value ($000) $1,963 (-3.6%) Shares 8,438 (+14.2%) Est. Cost $231.64 Unrealized +2.6%

CRH CRH PLC 0.0%

Value ($000) $354 (+13.8%) Shares 2,834 (+9.3%) Est. Cost $94.55 Unrealized +26.0%

RELX RELX PLC 0.0%

Value ($000) $374 (-8.4%) Shares 9,265 (+8.2%) Est. Cost $50.90 Unrealized —

YMM FULL TRUCK ALLIANCE CO LTD 0.0%

Value ($000) $248 (-11.4%) Shares 23,076 (+7.1%) Est. Cost $11.86 Unrealized —

BKNG BOOKING HOLDINGS INC 0.0%

Value ($000) $295 (+9.1%) Shares 55 (+10.0%) Est. Cost $5141.11 Unrealized -0.1%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $238 (-9.3%) Shares 410 (+9.0%) Est. Cost $640.45 Unrealized -2.4%

CCEP COCA-COLA EUROPACIFIC PARTNE 0.0%

Value ($000) $284 (+9.0%) Shares 3,133 (+8.6%) Est. Cost $91.20 Unrealized -1.7%

CNH CNH INDL N V 0.0%

Value ($000) $198 (-9.3%) Shares 21,529 (+6.7%) Est. Cost $12.08 Unrealized -17.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HD	HOME DEPOT INC	2,080,538 (+712.3%)	$715,913 (+589.8%)	1.9%	$367.61	-0.8%	COM	437076102
LLY	ELI LILLY & CO	1,010,392 (+60.8%)	$1,085,848 (+126.5%)	2.8%	$871.54	+9.6%	COM	532457108
AAPL	APPLE INC	5,049,172 (+43.0%)	$1,372,668 (+52.7%)	3.6%	$163.91	+63.7%	COM	037833100
NOW	SERVICENOW INC	2,304,946 (+261.1%)	$353,095 (-39.9%)	0.9%	$177.41	-3.3%	COM	81762P102
COST	COSTCO WHSL CORP NEW	662,447 (+57.6%)	$571,255 (+46.8%)	1.5%	$485.03	+86.7%	COM	22160K105
SYK	STRYKER CORPORATION	1,947,575 (+23.1%)	$684,514 (+17.1%)	1.8%	$344.78	+5.4%	COM	863667101
BSX	BOSTON SCIENTIFIC CORP	7,899,240 (+14.7%)	$753,193 (+12.1%)	2.0%	$102.76	-4.6%	COM	101137107
CMG	CHIPOTLE MEXICAN GRILL INC	1,834,533 (+307.4%)	$67,878 (+284.6%)	0.2%	$39.98	-9.5%	COM	169656105
SARO	STANDARDAERO INC	2,512,169 (+120.4%)	$72,049 (+131.7%)	0.2%	$27.60	-1.4%	COM	85423L103
ODFL	OLD DOMINION FREIGHT LINE IN	383,487 (+116.0%)	$60,131 (+140.5%)	0.2%	$161.06	-11.1%	COM	679580100
BILL	BILL HOLDINGS INC	1,463,791 (+61.6%)	$79,835 (+66.4%)	0.2%	$52.74	-2.6%	COM	090043100
VRSK	VERISK ANALYTICS INC	1,815,060 (+21.6%)	$406,011 (+8.1%)	1.1%	$199.72	+12.8%	COM	92345Y106
HUBB	HUBBELL INC	194,948 (+38.6%)	$86,578 (+43.0%)	0.2%	$397.81	+9.9%	COM	443510607
A	AGILENT TECHNOLOGIES INC	580,939 (+26.2%)	$79,048 (+33.8%)	0.2%	$107.65	+33.5%	COM	00846U101
WCN	WASTE CONNECTIONS INC	81,398 (+5348.3%)	$14,274 (+5334.7%)	0.0%	$173.12	-0.2%	COM	94106B101
NXPI	NXP SEMICONDUCTORS N V	231,599 (+43.8%)	$50,271 (+37.0%)	0.1%	$220.18	-3.0%	COM	N6596X109
EW	EDWARDS LIFESCIENCES CORP	586,760 (+23.6%)	$50,021 (+35.4%)	0.1%	$78.88	+4.0%	COM	28176E108
NICE	NICE LTD	524,909 (+11.9%)	$59,336 (-12.6%)	0.2%	$198.58	—	SPONSORED ADR	653656108
VZ	VERIZON COMMUNICATIONS INC	3,073,760 (+1.1%)	$125,194 (-6.3%)	0.3%	$37.12	+9.1%	COM	92343V104
DASH	DOORDASH INC	44,948 (+585.8%)	$10,180 (+471.1%)	0.0%	$226.35	+3.6%	CL A	25809K105
INSM	INSMED INC	51,643 (+491.8%)	$8,988 (+615.2%)	0.0%	$165.27	+10.4%	COM PAR $.01	457669307
WMT	WALMART INC	716,625 (+1.6%)	$79,839 (+9.8%)	0.2%	$96.45	+11.1%	COM	931142103
ABT	ABBOTT LABS	616,351 (+17.5%)	$77,223 (+9.9%)	0.2%	$130.11	-2.2%	COM	002824100
PCOR	PROCORE TECHNOLOGIES INC	232,594 (+64.6%)	$16,919 (+64.2%)	0.0%	$66.27	+11.6%	COM	74275K108
PGR	PROGRESSIVE CORP	455,850 (+2.0%)	$103,806 (-6.0%)	0.3%	$116.41	+82.4%	COM	743315103
NTRA	NATERA INC	70,828 (+3.8%)	$16,226 (+47.7%)	0.0%	$151.57	+37.6%	COM	632307104
WTW	WILLIS TOWERS WATSON PLC LTD	357,537 (+1.5%)	$117,487 (-3.5%)	0.3%	$308.23	+5.9%	SHS	G96629103
V	VISA INC	278,829 (+1.7%)	$97,788 (+4.5%)	0.3%	$299.86	+13.5%	COM CL A	92826C839
ROK	ROCKWELL AUTOMATION INC	64,815 (+7.7%)	$25,218 (+19.9%)	0.1%	$283.20	+32.5%	COM	773903109
RCL	ROYAL CARIBBEAN GROUP	80,810 (+35.3%)	$22,540 (+16.6%)	0.1%	$248.00	+13.5%	COM	V7780T103
CME	CME GROUP INC	353,308 (+1.9%)	$96,481 (+3.0%)	0.3%	$169.61	+59.6%	COM	12572Q105
MTD	METTLER TOLEDO INTERNATIONAL	13,822 (+2.1%)	$19,270 (+16.0%)	0.0%	$1130.25	+23.6%	COM	592688105
ROP	ROPER TECHNOLOGIES INC	109,628 (+17.3%)	$48,799 (+4.7%)	0.1%	$394.95	+17.0%	COM	776696106
CI	THE CIGNA GROUP	335,611 (+2.6%)	$92,370 (-2.0%)	0.2%	$280.11	-0.3%	COM	125523100
IDXX	IDEXX LABS INC	33,651 (+2.4%)	$22,766 (+8.4%)	0.1%	$270.63	+151.6%	COM	45168D104
MSCI	MSCI INC	23,467 (+7.9%)	$13,464 (+9.1%)	0.0%	$501.28	+11.7%	COM	55354G100
PODD	INSULET CORP	166,904 (+10.8%)	$47,441 (+2.0%)	0.1%	$313.25	-0.2%	COM	45784P101
VMC	VULCAN MATLS CO	202,619 (+6.3%)	$57,791 (-1.4%)	0.1%	$258.22	+13.5%	COM	929160109
ALNY	ALNYLAM PHARMACEUTICALS INC	44,560 (+20.4%)	$17,719 (+5.0%)	0.0%	$304.79	+45.2%	COM	02043Q107
WST	WEST PHARMACEUTICAL SVSC INC	34,387 (+2.4%)	$9,461 (+7.4%)	0.0%	$321.04	-14.8%	COM	955306105
ISRG	INTUITIVE SURGICAL INC	3,087 (+10.7%)	$1,748 (+40.2%)	0.0%	$442.31	+20.4%	COM NEW	46120E602
ASML	ASML HOLDING N V	2,358 (+10.1%)	$2,523 (+21.7%)	0.0%	$798.07	—	N Y REGISTRY SHS	N07059210
GEV	GE VERNOVA INC	3,277 (+14.1%)	$2,142 (+21.2%)	0.0%	$399.08	+52.6%	COM	36828A101
PNR	PENTAIR PLC	456,104 (+6.8%)	$47,499 (+0.5%)	0.1%	$66.58	+60.3%	SHS	G7S00T104
NFLX	NETFLIX INC	19,417 (+1313.2%)	$1,821 (+10.5%)	0.0%	$104.38	+3.3%	COM	64110L106
APPF	APPFOLIO INC	8,438 (+14.2%)	$1,963 (-3.6%)	0.0%	$231.64	+2.6%	COM CL A	03783C100
CRH	CRH PLC	2,834 (+9.3%)	$354 (+13.8%)	0.0%	$94.55	+26.0%	ORD	G25508105
RELX	RELX PLC	9,265 (+8.2%)	$374 (-8.4%)	0.0%	$50.90	—	SPONSORED ADR	759530108
YMM	FULL TRUCK ALLIANCE CO LTD	23,076 (+7.1%)	$248 (-11.4%)	0.0%	$11.86	—	SPONSORED ADS	35969L108
BKNG	BOOKING HOLDINGS INC	55 (+10.0%)	$295 (+9.1%)	0.0%	$5141.11	-0.1%	COM	09857L108
SPOT	SPOTIFY TECHNOLOGY S A	410 (+9.0%)	$238 (-9.3%)	0.0%	$640.45	-2.4%	SHS	L8681T102
CCEP	COCA-COLA EUROPACIFIC PARTNE	3,133 (+8.6%)	$284 (+9.0%)	0.0%	$91.20	-1.7%	SHS	G25839104
CNH	CNH INDL N V	21,529 (+6.7%)	$198 (-9.3%)	0.0%	$12.08	-17.3%	SHS	N20944109

Exited Positions (12)

VRTX VERTEX PHARMACEUTICALS INC 1.7%

Value ($000) $645,592 Shares 1,648,433 Est. Cost $463.53 Unrealized -7.0%

FISV FISERV INC 1.4%

Value ($000) $529,599 Shares 4,107,648 Est. Cost $104.78 Unrealized -20.0%

BALL BALL CORP 1.1%

Value ($000) $427,051 Shares 8,469,866 Est. Cost $70.86 Unrealized -30.7%

FIS FIDELITY NATL INFORMATION SV 0.2%

Value ($000) $78,366 Shares 1,188,449 Est. Cost $53.16 Unrealized +23.5%

CMCSA COMCAST CORP NEW 0.2%

Value ($000) $64,267 Shares 2,045,409 Est. Cost $37.80 Unrealized -24.5%

APP APPLOVIN CORP 0.0%

Value ($000) $16,316 Shares 22,707 Est. Cost $344.61 Unrealized +82.8%

BLDR BUILDERS FIRSTSOURCE INC 0.0%

Value ($000) $15,315 Shares 126,309 Est. Cost $140.84 Unrealized -20.2%

MORN MORNINGSTAR INC 0.0%

Value ($000) $9,858 Shares 42,488 Est. Cost $176.26 Unrealized +22.9%

XYZ BLOCK INC 0.0%

Value ($000) $8,717 Shares 120,615 Est. Cost $82.04 Unrealized -15.9%

SN SHARKNINJA INC 0.0%

Value ($000) $8,608 Shares 83,447 Est. Cost $87.70 Unrealized +12.4%

SE SEA LTD 0.0%

Value ($000) $520 Shares 2,910 Est. Cost $162.14 Unrealized —

SAP SAP SE 0.0%

Value ($000) $327 Shares 1,222 Est. Cost $300.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VRTX	VERTEX PHARMACEUTICALS INC	1,648,433	$645,592	1.7%	$463.53	-7.0%	—	92532F100
FISV	FISERV INC	4,107,648	$529,599	1.4%	$104.78	-20.0%	—	337738108
BALL	BALL CORP	8,469,866	$427,051	1.1%	$70.86	-30.7%	—	058498106
FIS	FIDELITY NATL INFORMATION SV	1,188,449	$78,366	0.2%	$53.16	+23.5%	—	31620M106
CMCSA	COMCAST CORP NEW	2,045,409	$64,267	0.2%	$37.80	-24.5%	—	20030N101
APP	APPLOVIN CORP	22,707	$16,316	0.0%	$344.61	+82.8%	—	03831W108
BLDR	BUILDERS FIRSTSOURCE INC	126,309	$15,315	0.0%	$140.84	-20.2%	—	12008R107
MORN	MORNINGSTAR INC	42,488	$9,858	0.0%	$176.26	+22.9%	—	617700109
XYZ	BLOCK INC	120,615	$8,717	0.0%	$82.04	-15.9%	—	852234103
SN	SHARKNINJA INC	83,447	$8,608	0.0%	$87.70	+12.4%	—	G8068L108
SE	SEA LTD	2,910	$520	0.0%	$162.14	—	—	81141R100
SAP	SAP SE	1,222	$327	0.0%	$300.81	—	—	803054204

Decreased Positions (81)

NVDA NVIDIA CORPORATION 4.6%

Value ($000) $1,790,567 (-22.5%) Shares 9,600,898 (-22.5%) Est. Cost $93.86 Unrealized +98.3%

EFX EQUIFAX INC 0.1%

Value ($000) $21,457 (-95.2%) Shares 98,891 (-94.4%) Est. Cost $199.57 Unrealized +9.6%

AMZN AMAZON COM INC 4.7%

Value ($000) $1,820,530 (-16.8%) Shares 7,887,228 (-20.9%) Est. Cost $182.38 Unrealized +25.4%

AZO AUTOZONE INC 1.9%

Value ($000) $716,719 (-33.4%) Shares 211,328 (-15.8%) Est. Cost $2610.99 Unrealized +44.7%

WDAY WORKDAY INC 1.2%

Value ($000) $454,647 (-41.3%) Shares 2,116,802 (-34.2%) Est. Cost $242.91 Unrealized -6.5%

ORCL ORACLE CORP 1.1%

Value ($000) $408,894 (-39.4%) Shares 2,097,860 (-12.6%) Est. Cost $76.38 Unrealized +211.7%

MSFT MICROSOFT CORP 5.7%

Value ($000) $2,178,947 (-10.3%) Shares 4,505,495 (-3.9%) Est. Cost $171.37 Unrealized +192.1%

O REALTY INCOME CORP 2.2%

Value ($000) $851,540 (-22.5%) Shares 15,106,270 (-16.4%) Est. Cost $49.07 Unrealized +16.9%

LIN LINDE PLC 2.0%

Value ($000) $775,472 (-22.1%) Shares 1,818,692 (-13.3%) Est. Cost $327.93 Unrealized +30.3%

ICE INTERCONTINENTAL EXCHANGE IN 2.3%

Value ($000) $880,457 (-19.6%) Shares 5,436,265 (-16.3%) Est. Cost $112.89 Unrealized +38.4%

CRM SALESFORCE INC 1.8%

Value ($000) $681,121 (-21.9%) Shares 2,571,143 (-30.1%) Est. Cost $183.07 Unrealized +35.6%

DE DEERE & CO 3.2%

Value ($000) $1,230,044 (-13.0%) Shares 2,642,017 (-14.6%) Est. Cost $215.15 Unrealized +117.4%

MA MASTERCARD INCORPORATED 2.7%

Value ($000) $1,032,882 (-14.5%) Shares 1,809,280 (-14.8%) Est. Cost $211.45 Unrealized +164.3%

DHR DANAHER CORPORATION 2.8%

Value ($000) $1,067,811 (-12.7%) Shares 4,664,560 (-24.4%) Est. Cost $158.54 Unrealized +38.5%

BRO BROWN & BROWN INC 1.3%

Value ($000) $494,517 (-22.9%) Shares 6,204,729 (-9.2%) Est. Cost $111.13 Unrealized -25.0%

MRSH MARSH & MCLENNAN COS INC 1.0%

Value ($000) $403,250 (-22.6%) Shares 2,173,621 (-16.0%) Est. Cost $153.28 Unrealized +21.6%

PG PROCTER AND GAMBLE CO 1.0%

Value ($000) $373,187 (-23.4%) Shares 2,604,052 (-17.8%) Est. Cost $100.44 Unrealized +46.5%

FERG FERGUSON ENTERPRISES INC 1.5%

Value ($000) $571,147 (-15.9%) Shares 2,565,454 (-15.2%) Est. Cost $194.77 Unrealized +22.2%

TMO THERMO FISHER SCIENTIFIC INC 2.4%

Value ($000) $917,330 (-9.7%) Shares 1,583,105 (-24.4%) Est. Cost $507.17 Unrealized +11.4%

SHW SHERWIN WILLIAMS CO 0.9%

Value ($000) $338,376 (-21.4%) Shares 1,044,274 (-16.0%) Est. Cost $252.51 Unrealized +32.3%

BAC BANK AMERICA CORP 2.4%

Value ($000) $906,278 (-8.8%) Shares 16,477,774 (-14.4%) Est. Cost $30.49 Unrealized +72.7%

WM WASTE MGMT INC DEL 3.0%

Value ($000) $1,159,472 (-6.5%) Shares 5,277,285 (-6.0%) Est. Cost $99.61 Unrealized +113.4%

GWW WW GRAINGER INC 1.7%

Value ($000) $645,955 (-10.4%) Shares 640,162 (-15.4%) Est. Cost $1000.75 Unrealized -3.2%

SPGI S&P GLOBAL INC 2.4%

Value ($000) $914,216 (-7.6%) Shares 1,749,394 (-13.9%) Est. Cost $334.80 Unrealized +47.6%

GOOGL ALPHABET INC 5.6%

Value ($000) $2,160,171 (-2.8%) Shares 6,901,505 (-24.5%) Est. Cost $110.86 Unrealized +157.6%

AMAT APPLIED MATLS INC 2.2%

Value ($000) $829,344 (+7.7%) Shares 3,227,145 (-14.2%) Est. Cost $91.95 Unrealized +160.4%

SNDK SANDISK CORP 0.1%

Value ($000) $44,573 (-57.1%) Shares 187,772 (-79.7%) Est. Cost $46.67 Unrealized +329.2%

SNPS SYNOPSYS INC 1.8%

Value ($000) $676,807 (-7.7%) Shares 1,440,874 (-3.1%) Est. Cost $524.70 Unrealized -15.3%

AMD ADVANCED MICRO DEVICES INC 1.4%

Value ($000) $527,510 (+11.6%) Shares 2,463,159 (-15.7%) Est. Cost $111.22 Unrealized +101.9%

POOL POOL CORP 0.0%

Value ($000) $13,060 (-78.0%) Shares 57,094 (-70.2%) Est. Cost $323.95 Unrealized -19.9%

TEAM ATLASSIAN CORPORATION 0.0%

Value ($000) $887 (-98.1%) Shares 5,473 (-98.2%) Est. Cost $178.91 Unrealized -12.3%

CSGP COSTAR GROUP INC 0.0%

Value ($000) $18,336 (-65.9%) Shares 272,688 (-57.2%) Est. Cost $77.90 Unrealized -9.1%

GWRE GUIDEWIRE SOFTWARE INC 0.1%

Value ($000) $20,001 (-61.4%) Shares 99,502 (-55.8%) Est. Cost $106.70 Unrealized +107.3%

MU MICRON TECHNOLOGY INC 0.2%

Value ($000) $84,142 (+40.4%) Shares 294,810 (-17.7%) Est. Cost $76.31 Unrealized +200.6%

AVGO BROADCOM INC 2.2%

Value ($000) $851,894 (+2.5%) Shares 2,461,410 (-2.3%) Est. Cost $154.75 Unrealized +130.7%

CMI CUMMINS INC 0.4%

Value ($000) $142,928 (+16.1%) Shares 280,004 (-3.9%) Est. Cost $170.88 Unrealized +172.9%

KLAC KLA CORP 2.0%

Value ($000) $757,802 (-2.5%) Shares 623,664 (-13.4%) Est. Cost $609.18 Unrealized +92.4%

WDC WESTERN DIGITAL CORP 0.2%

Value ($000) $90,183 (-16.4%) Shares 523,497 (-41.8%) Est. Cost $42.61 Unrealized +255.7%

REGN REGENERON PHARMACEUTICALS 0.2%

Value ($000) $74,520 (+31.2%) Shares 96,545 (-4.4%) Est. Cost $556.12 Unrealized +22.0%

LRCX LAM RESEARCH CORP 0.3%

Value ($000) $110,570 (+17.8%) Shares 645,926 (-7.8%) Est. Cost $74.98 Unrealized +107.2%

ORLY OREILLY AUTOMOTIVE INC 0.1%

Value ($000) $56,491 (-21.4%) Shares 619,351 (-7.1%) Est. Cost $85.22 Unrealized +14.6%

AZN ASTRAZENECA PLC 0.3%

Value ($000) $113,784 (+14.7%) Shares 1,237,719 (-4.3%) Est. Cost $66.03 Unrealized —

DHI D R HORTON INC 0.1%

Value ($000) $51,556 (-21.7%) Shares 357,953 (-7.8%) Est. Cost $77.92 Unrealized +95.1%

ADSK AUTODESK INC 0.2%

Value ($000) $84,061 (-13.1%) Shares 283,980 (-6.8%) Est. Cost $222.11 Unrealized +36.2%

FDX FEDEX CORP 0.2%

Value ($000) $85,226 (+17.5%) Shares 295,041 (-4.1%) Est. Cost $169.15 Unrealized +54.6%

BIO BIO RAD LABS INC 0.2%

Value ($000) $76,396 (-13.6%) Shares 252,140 (-20.0%) Est. Cost $358.24 Unrealized -12.9%

RSG REPUBLIC SVCS INC 0.2%

Value ($000) $66,269 (-14.9%) Shares 312,695 (-7.8%) Est. Cost $91.76 Unrealized +133.9%

ALC ALCON AG 0.1%

Value ($000) $34,300 (-24.5%) Shares 435,222 (-28.6%) Est. Cost $89.55 Unrealized -14.0%

XYL XYLEM INC 0.2%

Value ($000) $60,614 (-14.9%) Shares 445,104 (-7.8%) Est. Cost $97.05 Unrealized +47.9%

CBRE CBRE GROUP INC 0.7%

Value ($000) $272,384 (-3.7%) Shares 1,694,034 (-5.7%) Est. Cost $83.92 Unrealized +87.4%

C CITIGROUP INC 0.3%

Value ($000) $115,427 (+9.9%) Shares 989,173 (-4.4%) Est. Cost $42.06 Unrealized +146.4%

WRB BERKLEY W R CORP 0.1%

Value ($000) $55,654 (-15.6%) Shares 793,698 (-7.8%) Est. Cost $52.19 Unrealized +39.4%

BEPC BROOKFIELD RENEWABLE CORP 0.5%

Value ($000) $192,963 (+5.0%) Shares 5,032,949 (-5.7%) Est. Cost $28.65 Unrealized +39.6%

BR BROADRIDGE FINL SOLUTIONS IN 0.2%

Value ($000) $81,373 (-10.2%) Shares 364,623 (-4.1%) Est. Cost $142.08 Unrealized +60.0%

INTC INTEL CORP 0.1%

Value ($000) $46,198 (-16.3%) Shares 1,251,981 (-23.9%) Est. Cost $30.71 Unrealized +22.9%

UNP UNION PAC CORP 0.3%

Value ($000) $107,975 (-6.4%) Shares 466,778 (-4.3%) Est. Cost $225.88 Unrealized +0.6%

NVO NOVO-NORDISK A S 0.1%

Value ($000) $49,303 (-12.3%) Shares 969,015 (-4.4%) Est. Cost $79.14 Unrealized —

USFD US FOODS HLDG CORP 0.2%

Value ($000) $60,867 (-9.4%) Shares 808,109 (-7.8%) Est. Cost $68.34 Unrealized +9.9%

HOOD ROBINHOOD MKTS INC 0.1%

Value ($000) $20,396 (-23.3%) Shares 180,334 (-3.0%) Est. Cost $47.54 Unrealized +173.5%

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $66,006 (-8.5%) Shares 199,953 (-4.3%) Est. Cost $546.02 Unrealized -38.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.3%

Value ($000) $114,566 (+4.6%) Shares 376,999 (-3.9%) Est. Cost $103.80 Unrealized —

ALL ALLSTATE CORP 0.1%

Value ($000) $41,934 (-10.6%) Shares 201,460 (-7.8%) Est. Cost $151.93 Unrealized +34.3%

CBOE CBOE GLOBAL MKTS INC 0.2%

Value ($000) $79,321 (-5.6%) Shares 316,018 (-7.8%) Est. Cost $93.80 Unrealized +165.2%

TRU TRANSUNION 0.2%

Value ($000) $76,551 (-5.6%) Shares 892,724 (-7.8%) Est. Cost $67.93 Unrealized +20.9%

JPM JPMORGAN CHASE & CO. 0.4%

Value ($000) $161,403 (-2.3%) Shares 500,909 (-4.3%) Est. Cost $251.40 Unrealized +23.1%

IQV IQVIA HLDGS INC 0.1%

Value ($000) $41,470 (+9.4%) Shares 183,977 (-7.8%) Est. Cost $228.63 Unrealized -4.8%

PTC PTC INC 0.0%

Value ($000) $18,734 (-15.6%) Shares 107,537 (-1.6%) Est. Cost $178.98 Unrealized +3.8%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $19,951 (-14.7%) Shares 9,905 (-1.0%) Est. Cost $1212.81 Unrealized +73.2%

HLT HILTON WORLDWIDE HLDGS INC 0.2%

Value ($000) $81,913 (+4.2%) Shares 285,163 (-5.9%) Est. Cost $156.65 Unrealized +73.8%

TER TERADYNE INC 0.1%

Value ($000) $28,807 (-9.2%) Shares 148,827 (-35.4%) Est. Cost $102.98 Unrealized +66.5%

NET CLOUDFLARE INC 0.1%

Value ($000) $25,025 (-10.0%) Shares 126,935 (-2.0%) Est. Cost $79.78 Unrealized +165.1%

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value ($000) $15,393 (-13.7%) Shares 49,244 (-3.0%) Est. Cost $48.80 Unrealized +568.6%

TT TRANE TECHNOLOGIES PLC 0.0%

Value ($000) $15,763 (-10.5%) Shares 40,502 (-3.0%) Est. Cost $195.76 Unrealized +111.3%

DDOG DATADOG INC 0.1%

Value ($000) $24,104 (-6.8%) Shares 177,245 (-2.4%) Est. Cost $106.52 Unrealized +48.3%

MAR MARRIOTT INTL INC NEW 1.3%

Value ($000) $484,464 (+0.3%) Shares 1,561,579 (-15.8%) Est. Cost $194.07 Unrealized +47.0%

MPWR MONOLITHIC PWR SYS INC 0.1%

Value ($000) $24,100 (-4.5%) Shares 26,590 (-3.0%) Est. Cost $385.72 Unrealized +149.1%

BK BANK NEW YORK MELLON CORP 0.7%

Value ($000) $273,907 (+0.3%) Shares 2,359,440 (-5.8%) Est. Cost $42.85 Unrealized +157.9%

TFC TRUIST FINL CORP 0.2%

Value ($000) $64,464 (-0.8%) Shares 1,309,976 (-7.8%) Est. Cost $29.37 Unrealized +55.9%

ARES ARES MANAGEMENT CORPORATION 0.2%

Value ($000) $65,066 (-0.8%) Shares 402,561 (-1.8%) Est. Cost $156.49 Unrealized -1.0%

SCHW SCHWAB CHARLES CORP 0.3%

Value ($000) $129,566 (+0.1%) Shares 1,296,825 (-4.3%) Est. Cost $39.77 Unrealized +138.2%

ACGL ARCH CAP GROUP LTD 0.0%

Value ($000) $218 (-3.6%) Shares 2,268 (-8.8%) Est. Cost $92.10 Unrealized -0.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	9,600,898 (-22.5%)	$1,790,567 (-22.5%)	4.6%	$93.86	+98.3%	COM	67066G104
EFX	EQUIFAX INC	98,891 (-94.4%)	$21,457 (-95.2%)	0.1%	$199.57	+9.6%	COM	294429105
AMZN	AMAZON COM INC	7,887,228 (-20.9%)	$1,820,530 (-16.8%)	4.7%	$182.38	+25.4%	COM	023135106
AZO	AUTOZONE INC	211,328 (-15.8%)	$716,719 (-33.4%)	1.9%	$2610.99	+44.7%	COM	053332102
WDAY	WORKDAY INC	2,116,802 (-34.2%)	$454,647 (-41.3%)	1.2%	$242.91	-6.5%	CL A	98138H101
ORCL	ORACLE CORP	2,097,860 (-12.6%)	$408,894 (-39.4%)	1.1%	$76.38	+211.7%	COM	68389X105
MSFT	MICROSOFT CORP	4,505,495 (-3.9%)	$2,178,947 (-10.3%)	5.7%	$171.37	+192.1%	COM	594918104
O	REALTY INCOME CORP	15,106,270 (-16.4%)	$851,540 (-22.5%)	2.2%	$49.07	+16.9%	COM	756109104
LIN	LINDE PLC	1,818,692 (-13.3%)	$775,472 (-22.1%)	2.0%	$327.93	+30.3%	SHS	G54950103
ICE	INTERCONTINENTAL EXCHANGE IN	5,436,265 (-16.3%)	$880,457 (-19.6%)	2.3%	$112.89	+38.4%	COM	45866F104
CRM	SALESFORCE INC	2,571,143 (-30.1%)	$681,121 (-21.9%)	1.8%	$183.07	+35.6%	COM	79466L302
DE	DEERE & CO	2,642,017 (-14.6%)	$1,230,044 (-13.0%)	3.2%	$215.15	+117.4%	COM	244199105
MA	MASTERCARD INCORPORATED	1,809,280 (-14.8%)	$1,032,882 (-14.5%)	2.7%	$211.45	+164.3%	CL A	57636Q104
DHR	DANAHER CORPORATION	4,664,560 (-24.4%)	$1,067,811 (-12.7%)	2.8%	$158.54	+38.5%	COM	235851102
BRO	BROWN & BROWN INC	6,204,729 (-9.2%)	$494,517 (-22.9%)	1.3%	$111.13	-25.0%	COM	115236101
MRSH	MARSH & MCLENNAN COS INC	2,173,621 (-16.0%)	$403,250 (-22.6%)	1.0%	$153.28	+21.6%	COM	571748102
PG	PROCTER AND GAMBLE CO	2,604,052 (-17.8%)	$373,187 (-23.4%)	1.0%	$100.44	+46.5%	COM	742718109
FERG	FERGUSON ENTERPRISES INC	2,565,454 (-15.2%)	$571,147 (-15.9%)	1.5%	$194.77	+22.2%	COMMON STOCK NEW	31488V107
TMO	THERMO FISHER SCIENTIFIC INC	1,583,105 (-24.4%)	$917,330 (-9.7%)	2.4%	$507.17	+11.4%	COM	883556102
SHW	SHERWIN WILLIAMS CO	1,044,274 (-16.0%)	$338,376 (-21.4%)	0.9%	$252.51	+32.3%	COM	824348106
BAC	BANK AMERICA CORP	16,477,774 (-14.4%)	$906,278 (-8.8%)	2.4%	$30.49	+72.7%	COM	060505104
WM	WASTE MGMT INC DEL	5,277,285 (-6.0%)	$1,159,472 (-6.5%)	3.0%	$99.61	+113.4%	COM	94106L109
GWW	WW GRAINGER INC	640,162 (-15.4%)	$645,955 (-10.4%)	1.7%	$1000.75	-3.2%	COM	384802104
SPGI	S&P GLOBAL INC	1,749,394 (-13.9%)	$914,216 (-7.6%)	2.4%	$334.80	+47.6%	COM	78409V104
GOOGL	ALPHABET INC	6,901,505 (-24.5%)	$2,160,171 (-2.8%)	5.6%	$110.86	+157.6%	CAP STK CL A	02079K305
AMAT	APPLIED MATLS INC	3,227,145 (-14.2%)	$829,344 (+7.7%)	2.2%	$91.95	+160.4%	COM	038222105
SNDK	SANDISK CORP	187,772 (-79.7%)	$44,573 (-57.1%)	0.1%	$46.67	+329.2%	COM	80004C200
SNPS	SYNOPSYS INC	1,440,874 (-3.1%)	$676,807 (-7.7%)	1.8%	$524.70	-15.3%	COM	871607107
AMD	ADVANCED MICRO DEVICES INC	2,463,159 (-15.7%)	$527,510 (+11.6%)	1.4%	$111.22	+101.9%	COM	007903107
POOL	POOL CORP	57,094 (-70.2%)	$13,060 (-78.0%)	0.0%	$323.95	-19.9%	COM	73278L105
TEAM	ATLASSIAN CORPORATION	5,473 (-98.2%)	$887 (-98.1%)	0.0%	$178.91	-12.3%	CL A	049468101
CSGP	COSTAR GROUP INC	272,688 (-57.2%)	$18,336 (-65.9%)	0.0%	$77.90	-9.1%	COM	22160N109
GWRE	GUIDEWIRE SOFTWARE INC	99,502 (-55.8%)	$20,001 (-61.4%)	0.1%	$106.70	+107.3%	COM	40171V100
MU	MICRON TECHNOLOGY INC	294,810 (-17.7%)	$84,142 (+40.4%)	0.2%	$76.31	+200.6%	COM	595112103
AVGO	BROADCOM INC	2,461,410 (-2.3%)	$851,894 (+2.5%)	2.2%	$154.75	+130.7%	COM	11135F101
CMI	CUMMINS INC	280,004 (-3.9%)	$142,928 (+16.1%)	0.4%	$170.88	+172.9%	COM	231021106
KLAC	KLA CORP	623,664 (-13.4%)	$757,802 (-2.5%)	2.0%	$609.18	+92.4%	COM NEW	482480100
WDC	WESTERN DIGITAL CORP	523,497 (-41.8%)	$90,183 (-16.4%)	0.2%	$42.61	+255.7%	COM	958102105
REGN	REGENERON PHARMACEUTICALS	96,545 (-4.4%)	$74,520 (+31.2%)	0.2%	$556.12	+22.0%	COM	75886F107
LRCX	LAM RESEARCH CORP	645,926 (-7.8%)	$110,570 (+17.8%)	0.3%	$74.98	+107.2%	COM NEW	512807306
ORLY	OREILLY AUTOMOTIVE INC	619,351 (-7.1%)	$56,491 (-21.4%)	0.1%	$85.22	+14.6%	COM	67103H107
AZN	ASTRAZENECA PLC	1,237,719 (-4.3%)	$113,784 (+14.7%)	0.3%	$66.03	—	SPONSORED ADR	046353108
DHI	D R HORTON INC	357,953 (-7.8%)	$51,556 (-21.7%)	0.1%	$77.92	+95.1%	COM	23331A109
ADSK	AUTODESK INC	283,980 (-6.8%)	$84,061 (-13.1%)	0.2%	$222.11	+36.2%	COM	052769106
FDX	FEDEX CORP	295,041 (-4.1%)	$85,226 (+17.5%)	0.2%	$169.15	+54.6%	COM	31428X106
BIO	BIO RAD LABS INC	252,140 (-20.0%)	$76,396 (-13.6%)	0.2%	$358.24	-12.9%	CL A	090572207
RSG	REPUBLIC SVCS INC	312,695 (-7.8%)	$66,269 (-14.9%)	0.2%	$91.76	+133.9%	COM	760759100
ALC	ALCON AG	435,222 (-28.6%)	$34,300 (-24.5%)	0.1%	$89.55	-14.0%	ORD SHS	H01301128
XYL	XYLEM INC	445,104 (-7.8%)	$60,614 (-14.9%)	0.2%	$97.05	+47.9%	COM	98419M100
CBRE	CBRE GROUP INC	1,694,034 (-5.7%)	$272,384 (-3.7%)	0.7%	$83.92	+87.4%	CL A	12504L109
C	CITIGROUP INC	989,173 (-4.4%)	$115,427 (+9.9%)	0.3%	$42.06	+146.4%	COM NEW	172967424
WRB	BERKLEY W R CORP	793,698 (-7.8%)	$55,654 (-15.6%)	0.1%	$52.19	+39.4%	COM	084423102
BEPC	BROOKFIELD RENEWABLE CORP	5,032,949 (-5.7%)	$192,963 (+5.0%)	0.5%	$28.65	+39.6%	CL A EX SUB VTG	11285B108
BR	BROADRIDGE FINL SOLUTIONS IN	364,623 (-4.1%)	$81,373 (-10.2%)	0.2%	$142.08	+60.0%	COM	11133T103
INTC	INTEL CORP	1,251,981 (-23.9%)	$46,198 (-16.3%)	0.1%	$30.71	+22.9%	COM	458140100
UNP	UNION PAC CORP	466,778 (-4.3%)	$107,975 (-6.4%)	0.3%	$225.88	+0.6%	COM	907818108
NVO	NOVO-NORDISK A S	969,015 (-4.4%)	$49,303 (-12.3%)	0.1%	$79.14	—	ADR	670100205
USFD	US FOODS HLDG CORP	808,109 (-7.8%)	$60,867 (-9.4%)	0.2%	$68.34	+9.9%	COM	912008109
HOOD	ROBINHOOD MKTS INC	180,334 (-3.0%)	$20,396 (-23.3%)	0.1%	$47.54	+173.5%	COM CL A	770700102
UNH	UNITEDHEALTH GROUP INC	199,953 (-4.3%)	$66,006 (-8.5%)	0.2%	$546.02	-38.2%	COM	91324P102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	376,999 (-3.9%)	$114,566 (+4.6%)	0.3%	$103.80	—	SPONSORED ADS	874039100
ALL	ALLSTATE CORP	201,460 (-7.8%)	$41,934 (-10.6%)	0.1%	$151.93	+34.3%	COM	020002101
CBOE	CBOE GLOBAL MKTS INC	316,018 (-7.8%)	$79,321 (-5.6%)	0.2%	$93.80	+165.2%	COM	12503M108
TRU	TRANSUNION	892,724 (-7.8%)	$76,551 (-5.6%)	0.2%	$67.93	+20.9%	COM	89400J107
JPM	JPMORGAN CHASE & CO.	500,909 (-4.3%)	$161,403 (-2.3%)	0.4%	$251.40	+23.1%	COM	46625H100
IQV	IQVIA HLDGS INC	183,977 (-7.8%)	$41,470 (+9.4%)	0.1%	$228.63	-4.8%	COM	46266C105
PTC	PTC INC	107,537 (-1.6%)	$18,734 (-15.6%)	0.0%	$178.98	+3.8%	COM	69370C100
MELI	MERCADOLIBRE INC	9,905 (-1.0%)	$19,951 (-14.7%)	0.1%	$1212.81	+73.2%	COM	58733R102
HLT	HILTON WORLDWIDE HLDGS INC	285,163 (-5.9%)	$81,913 (+4.2%)	0.2%	$156.65	+73.8%	COM	43300A203
TER	TERADYNE INC	148,827 (-35.4%)	$28,807 (-9.2%)	0.1%	$102.98	+66.5%	COM	880770102
NET	CLOUDFLARE INC	126,935 (-2.0%)	$25,025 (-10.0%)	0.1%	$79.78	+165.1%	CL A COM	18915M107
CDNS	CADENCE DESIGN SYSTEM INC	49,244 (-3.0%)	$15,393 (-13.7%)	0.0%	$48.80	+568.6%	COM	127387108
TT	TRANE TECHNOLOGIES PLC	40,502 (-3.0%)	$15,763 (-10.5%)	0.0%	$195.76	+111.3%	SHS	G8994E103
DDOG	DATADOG INC	177,245 (-2.4%)	$24,104 (-6.8%)	0.1%	$106.52	+48.3%	CL A COM	23804L103
MAR	MARRIOTT INTL INC NEW	1,561,579 (-15.8%)	$484,464 (+0.3%)	1.3%	$194.07	+47.0%	CL A	571903202
MPWR	MONOLITHIC PWR SYS INC	26,590 (-3.0%)	$24,100 (-4.5%)	0.1%	$385.72	+149.1%	COM	609839105
BK	BANK NEW YORK MELLON CORP	2,359,440 (-5.8%)	$273,907 (+0.3%)	0.7%	$42.85	+157.9%	COM	064058100
TFC	TRUIST FINL CORP	1,309,976 (-7.8%)	$64,464 (-0.8%)	0.2%	$29.37	+55.9%	COM	89832Q109
ARES	ARES MANAGEMENT CORPORATION	402,561 (-1.8%)	$65,066 (-0.8%)	0.2%	$156.49	-1.0%	CL A COM STK	03990B101
SCHW	SCHWAB CHARLES CORP	1,296,825 (-4.3%)	$129,566 (+0.1%)	0.3%	$39.77	+138.2%	COM	808513105
ACGL	ARCH CAP GROUP LTD	2,268 (-8.8%)	$218 (-3.6%)	0.0%	$92.10	-0.7%	ORD	G0450A105

Unchanged Positions (1)

SYY SYSCO CORP 0.3%

Value ($000) $118,715 Shares 1,611,005 Est. Cost $72.17 Unrealized +4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	1,611,005	$118,715	0.3%	$72.17	+4.6%	COM	871829107