CAPITAL INTERNATIONAL SARL Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	1,122,566	$73,274	1.2%	$63.23	0.0%	ACT	F92124100
ECL	ECOLAB INC	107,330	$28,176	0.5%	$265.71	0.0%	COM	278865100
RDDT	REDDIT INC	46,337	$10,651	0.2%	$210.30	0.0%	CL A	75734B100
MDB	MONGODB INC	25,073	$10,523	0.2%	$363.83	0.0%	CL A	60937P106
WMT	WALMART INC	77,085	$8,588	0.1%	$107.20	0.0%	COM	931142103
HPE	HEWLETT PACKARD ENTERPRISE C	276,955	$6,652	0.1%	$23.44	0.0%	COM	42824C109
TT	TRANE TECHNOLOGIES PLC	14,907	$5,802	0.1%	$413.59	0.0%	SHS	G8994E103
LOAR	LOAR HOLDINGS INC	37,931	$2,579	0.0%	$72.91	0.0%	COM SHS	53947R105
AIG	AMERICAN INTL GROUP INC	20,194	$1,728	0.0%	$79.68	0.0%	COM NEW	026874784
HTHT	H WORLD GROUP LTD	35,266	$1,659	0.0%	$47.05	—	SPONSORED ADS	44332N106
LVS	LAS VEGAS SANDS CORP	20,902	$1,361	0.0%	$61.19	0.0%	COM	517834107
GD	GENERAL DYNAMICS CORP	3,656	$1,231	0.0%	$340.86	0.0%	COM	369550108
GEHC	GE HEALTHCARE TECHNOLOGIES I	12,359	$1,014	0.0%	$77.91	0.0%	COMMON STOCK	36266G107
WH	WYNDHAM HOTELS & RESORTS INC	12,355	$934	0.0%	$75.40	0.0%	COM	98311A105
JNJ	JOHNSON & JOHNSON	4,413	$913	0.0%	$197.01	0.0%	COM	478160104
FANG	DIAMONDBACK ENERGY INC	5,666	$852	0.0%	$147.05	0.0%	COM	25278X109
EXE	EXPAND ENERGY CORPORATION	7,654	$845	0.0%	$110.64	0.0%	COM	165167735
SWK	STANLEY BLACK & DECKER INC	10,406	$773	0.0%	$69.90	0.0%	COM	854502101
BLD	TOPBUILD CORP	1,814	$757	0.0%	$428.74	0.0%	COM	89055F103
NEE	NEXTERA ENERGY INC	8,425	$676	0.0%	$82.50	0.0%	COM	65339F101
PLD	PROLOGIS INC.	5,227	$667	0.0%	$123.86	0.0%	COM	74340W103
D	DOMINION ENERGY INC	10,841	$635	0.0%	$59.76	0.0%	COM	25746U109
ITW	ILLINOIS TOOL WKS INC	1,964	$484	0.0%	$247.57	0.0%	COM	452308109
PYPL	PAYPAL HLDGS INC	8,260	$482	0.0%	$64.84	0.0%	COM	70450Y103
MDLN	MEDLINE INC	11,000	$462	0.0%	$42.23	0.0%	COM CL A	58507V107
PEG	PUBLIC SVC ENTERPRISE GRP IN	5,525	$444	0.0%	$81.08	0.0%	COM	744573106
BAP	CREDICORP LTD	1,451	$416	0.0%	$264.77	0.0%	COM	G2519Y108
GLW	CORNING INC	4,466	$391	0.0%	$85.98	0.0%	COM	219350105
FCNCA	FIRST CTZNS BANCSHARES INC D	126	$270	0.0%	$1883.58	0.0%	CL A	31946M103
FIS	FIDELITY NATL INFORMATION SV	3,500	$233	0.0%	$65.64	0.0%	COM	31620M106
HAS	HASBRO INC	2,767	$227	0.0%	$78.03	0.0%	COM	418056107
PCAR	PACCAR INC	1,999	$219	0.0%	$101.22	0.0%	COM	693718108

Increased Positions (130)

NVDA NVIDIA CORPORATION 3.8%

Value ($000) $236,576 (+34.9%) Shares 1,268,504 (+34.9%) Est. Cost $127.72 Unrealized +45.7%

LLY ELI LILLY & CO 2.5%

Value ($000) $158,065 (+61.4%) Shares 147,081 (+14.6%) Est. Cost $519.27 Unrealized +84.0%

NFLX NETFLIX INC 1.2%

Value ($000) $76,711 (-40.9%) Shares 818,159 (+656.4%) Est. Cost $100.66 Unrealized +7.1%

GOOG ALPHABET INC 2.4%

Value ($000) $152,299 (+32.6%) Shares 485,337 (+3.0%) Est. Cost $140.89 Unrealized +103.2%

AMZN AMAZON COM INC 2.1%

Value ($000) $131,323 (+39.0%) Shares 568,943 (+32.3%) Est. Cost $192.30 Unrealized +19.0%

AAPL APPLE INC 1.4%

Value ($000) $89,769 (+60.2%) Shares 330,203 (+50.1%) Est. Cost $211.71 Unrealized +26.7%

MU MICRON TECHNOLOGY INC 1.0%

Value ($000) $65,138 (+85.7%) Shares 228,225 (+8.9%) Est. Cost $104.19 Unrealized +120.1%

DE DEERE & CO 0.6%

Value ($000) $35,056 (+235.0%) Shares 75,298 (+229.0%) Est. Cost $446.64 Unrealized +4.7%

CRM SALESFORCE INC 1.1%

Value ($000) $67,336 (+56.1%) Shares 254,184 (+39.7%) Est. Cost $235.79 Unrealized +5.3%

BAC BANK AMERICA CORP 1.0%

Value ($000) $62,069 (+62.9%) Shares 1,128,529 (+52.8%) Est. Cost $43.33 Unrealized +21.5%

WELL WELLTOWER INC 0.4%

Value ($000) $27,967 (+222.2%) Shares 150,674 (+209.2%) Est. Cost $169.06 Unrealized +10.3%

SHOP SHOPIFY INC 1.8%

Value ($000) $111,881 (+18.3%) Shares 695,042 (+9.2%) Est. Cost $77.45 Unrealized +107.3%

ISRG INTUITIVE SURGICAL INC 1.0%

Value ($000) $64,860 (+34.4%) Shares 114,521 (+6.1%) Est. Cost $377.49 Unrealized +41.0%

KKR KKR & CO INC 0.4%

Value ($000) $21,821 (+301.2%) Shares 171,174 (+309.0%) Est. Cost $123.45 Unrealized +0.7%

V VISA INC 1.4%

Value ($000) $85,655 (+23.1%) Shares 244,234 (+19.8%) Est. Cost $267.80 Unrealized +27.1%

STZ CONSTELLATION BRANDS INC 0.3%

Value ($000) $17,086 (+994.6%) Shares 123,850 (+968.5%) Est. Cost $143.52 Unrealized -4.6%

FTAI FTAI AVIATION LTD 0.5%

Value ($000) $29,567 (+105.3%) Shares 150,201 (+74.0%) Est. Cost $143.87 Unrealized +18.3%

TMO THERMO FISHER SCIENTIFIC INC 1.0%

Value ($000) $61,732 (+28.3%) Shares 106,535 (+7.4%) Est. Cost $547.44 Unrealized +3.2%

NOC NORTHROP GRUMMAN CORP 0.8%

Value ($000) $51,297 (+25.4%) Shares 89,961 (+34.0%) Est. Cost $485.68 Unrealized +19.2%

GE GE AEROSPACE 1.5%

Value ($000) $90,779 (+12.7%) Shares 294,709 (+10.0%) Est. Cost $163.84 Unrealized +83.6%

RYAAY RYANAIR HOLDINGS PLC 0.8%

Value ($000) $50,901 (+24.2%) Shares 705,096 (+3.6%) Est. Cost $59.49 Unrealized —

INTC INTEL CORP 0.2%

Value ($000) $14,699 (+201.9%) Shares 398,350 (+174.5%) Est. Cost $32.43 Unrealized +16.4%

QSR RESTAURANT BRANDS INTL INC 0.5%

Value ($000) $32,183 (+41.4%) Shares 471,677 (+32.9%) Est. Cost $66.25 Unrealized +4.0%

RGLD ROYAL GOLD INC 0.2%

Value ($000) $12,691 (+273.9%) Shares 57,091 (+237.4%) Est. Cost $183.84 Unrealized +7.9%

MTD METTLER TOLEDO INTERNATIONAL 0.4%

Value ($000) $26,163 (+50.1%) Shares 18,766 (+32.2%) Est. Cost $1311.74 Unrealized +6.5%

YUM YUM BRANDS INC 0.3%

Value ($000) $20,745 (+69.9%) Shares 137,133 (+70.7%) Est. Cost $130.37 Unrealized +13.3%

C CITIGROUP INC 0.8%

Value ($000) $46,798 (+21.7%) Shares 401,047 (+5.8%) Est. Cost $66.69 Unrealized +55.4%

MA MASTERCARD INCORPORATED 1.0%

Value ($000) $63,148 (+14.7%) Shares 110,616 (+14.2%) Est. Cost $427.18 Unrealized +30.8%

ICE INTERCONTINENTAL EXCHANGE IN 0.2%

Value ($000) $10,701 (+293.2%) Shares 66,070 (+309.0%) Est. Cost $160.23 Unrealized -2.5%

ICLR ICON PLC 0.1%

Value ($000) $9,333 (+528.0%) Shares 51,219 (+503.1%) Est. Cost $176.30 Unrealized +1.0%

RPRX ROYALTY PHARMA PLC 0.3%

Value ($000) $20,668 (+59.0%) Shares 534,896 (+45.1%) Est. Cost $34.94 Unrealized +9.1%

BSX BOSTON SCIENTIFIC CORP 0.6%

Value ($000) $39,639 (+23.7%) Shares 415,718 (+26.6%) Est. Cost $86.69 Unrealized +13.1%

SPGI S&P GLOBAL INC 0.4%

Value ($000) $26,991 (+37.7%) Shares 51,648 (+28.3%) Est. Cost $433.29 Unrealized +14.1%

PFE PFIZER INC 0.3%

Value ($000) $18,005 (+68.8%) Shares 723,079 (+72.7%) Est. Cost $29.42 Unrealized -14.9%

AJG GALLAGHER ARTHUR J & CO 0.6%

Value ($000) $39,152 (+22.2%) Shares 151,289 (+46.2%) Est. Cost $238.88 Unrealized +10.6%

PM PHILIP MORRIS INTL INC 1.7%

Value ($000) $105,902 (+6.8%) Shares 660,238 (+8.0%) Est. Cost $101.01 Unrealized +52.0%

ALGN ALIGN TECHNOLOGY INC 0.3%

Value ($000) $16,605 (+66.1%) Shares 106,343 (+33.2%) Est. Cost $160.56 Unrealized -10.7%

CPRT COPART INC 0.4%

Value ($000) $27,189 (+31.9%) Shares 694,473 (+51.5%) Est. Cost $43.92 Unrealized -5.6%

KO COCA COLA CO 0.1%

Value ($000) $8,583 (+287.6%) Shares 122,776 (+267.7%) Est. Cost $68.02 Unrealized +2.0%

AXP AMERICAN EXPRESS CO 0.1%

Value ($000) $8,746 (+253.2%) Shares 23,642 (+217.1%) Est. Cost $329.76 Unrealized +8.2%

SBUX STARBUCKS CORP 0.7%

Value ($000) $46,692 (+14.9%) Shares 554,468 (+15.5%) Est. Cost $89.68 Unrealized -6.3%

MAR MARRIOTT INTL INC NEW 0.3%

Value ($000) $16,510 (+53.7%) Shares 53,218 (+29.1%) Est. Cost $251.86 Unrealized +13.3%

MDLZ MONDELEZ INTL INC 0.4%

Value ($000) $22,483 (+34.1%) Shares 417,659 (+55.7%) Est. Cost $59.56 Unrealized -4.2%

ABBV ABBVIE INC 0.2%

Value ($000) $15,043 (+60.3%) Shares 65,836 (+62.4%) Est. Cost $180.82 Unrealized +25.8%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $10,309 (+117.9%) Shares 38,425 (+100.3%) Est. Cost $273.68 Unrealized -7.2%

TSLA TESLA INC 3.8%

Value ($000) $236,760 (+2.2%) Shares 526,460 (+1.1%) Est. Cost $272.70 Unrealized +62.6%

ITT ITT INC 0.3%

Value ($000) $17,222 (+42.8%) Shares 99,256 (+47.1%) Est. Cost $130.68 Unrealized +37.1%

RTX RTX CORPORATION 0.2%

Value ($000) $11,735 (+72.8%) Shares 63,987 (+57.6%) Est. Cost $124.76 Unrealized +38.9%

ABT ABBOTT LABS 0.7%

Value ($000) $46,206 (+12.0%) Shares 368,795 (+19.7%) Est. Cost $108.23 Unrealized +17.6%

APH AMPHENOL CORP NEW 0.2%

Value ($000) $14,946 (+46.5%) Shares 110,595 (+34.2%) Est. Cost $115.54 Unrealized +15.6%

EPAM EPAM SYS INC 0.1%

Value ($000) $7,990 (+144.0%) Shares 38,996 (+79.6%) Est. Cost $208.77 Unrealized -14.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.8%

Value ($000) $47,495 (+10.3%) Shares 156,291 (+1.3%) Est. Cost $142.65 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 0.3%

Value ($000) $17,468 (+33.9%) Shares 59,501 (+39.3%) Est. Cost $234.88 Unrealized +22.8%

ONC BEONE MEDICINES LTD 0.7%

Value ($000) $46,336 (-8.5%) Shares 152,515 (+2.7%) Est. Cost $198.42 Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $6,282 (+202.7%) Shares 27,159 (+209.3%) Est. Cost $228.56 Unrealized -0.5%

SHW SHERWIN WILLIAMS CO 0.6%

Value ($000) $34,682 (+13.6%) Shares 107,034 (+21.4%) Est. Cost $296.51 Unrealized +12.7%

AMAT APPLIED MATLS INC 0.1%

Value ($000) $7,494 (+106.4%) Shares 29,160 (+64.4%) Est. Cost $189.57 Unrealized +26.3%

ULS UL SOLUTIONS INC 0.2%

Value ($000) $15,240 (+31.5%) Shares 193,260 (+18.1%) Est. Cost $55.05 Unrealized +45.8%

MELI MERCADOLIBRE INC 1.0%

Value ($000) $65,294 (+5.8%) Shares 32,416 (+22.8%) Est. Cost $1550.25 Unrealized +35.5%

KEYS KEYSIGHT TECHNOLOGIES INC 0.2%

Value ($000) $14,171 (+33.5%) Shares 69,745 (+14.9%) Est. Cost $156.75 Unrealized +18.4%

DUOL DUOLINGO INC 0.1%

Value ($000) $4,231 (-44.6%) Shares 24,108 (+1.6%) Est. Cost $366.36 Unrealized -35.7%

TDG TRANSDIGM GROUP INC 0.8%

Value ($000) $49,078 (+7.2%) Shares 36,905 (+6.3%) Est. Cost $982.90 Unrealized +33.4%

IBM INTERNATIONAL BUSINESS MACHS 0.3%

Value ($000) $18,365 (+21.0%) Shares 62,000 (+15.2%) Est. Cost $259.58 Unrealized +15.1%

CNQ CANADIAN NAT RES LTD 0.2%

Value ($000) $12,667 (+33.0%) Shares 373,518 (+25.4%) Est. Cost $32.28 Unrealized +0.4%

RCL ROYAL CARIBBEAN GROUP 1.6%

Value ($000) $101,447 (+2.8%) Shares 363,713 (+19.3%) Est. Cost $150.89 Unrealized +86.6%

LIN LINDE PLC 0.7%

Value ($000) $40,661 (-6.3%) Shares 95,362 (+4.4%) Est. Cost $380.91 Unrealized +12.2%

B BARRICK MNG CORP 0.1%

Value ($000) $6,488 (+63.6%) Shares 148,957 (+23.1%) Est. Cost $24.28 Unrealized +54.1%

GS GOLDMAN SACHS GROUP INC 0.3%

Value ($000) $17,689 (+15.3%) Shares 20,124 (+4.5%) Est. Cost $423.86 Unrealized +91.9%

BG BUNGE GLOBAL SA 0.3%

Value ($000) $16,585 (+16.3%) Shares 186,186 (+6.0%) Est. Cost $87.07 Unrealized +5.5%

DAL DELTA AIR LINES INC DEL 0.2%

Value ($000) $10,279 (+28.7%) Shares 148,113 (+5.2%) Est. Cost $44.95 Unrealized +38.9%

MSFT MICROSOFT CORP 5.6%

Value ($000) $348,114 (-0.7%) Shares 719,808 (+6.4%) Est. Cost $329.24 Unrealized +52.0%

CAT CATERPILLAR INC 0.1%

Value ($000) $4,132 (+119.9%) Shares 7,213 (+83.2%) Est. Cost $375.04 Unrealized +48.1%

NOW SERVICENOW INC 0.6%

Value ($000) $34,769 (-5.6%) Shares 226,965 (+467.1%) Est. Cost $162.72 Unrealized +5.4%

BN BROOKFIELD CORP 0.3%

Value ($000) $15,641 (-11.4%) Shares 340,830 (+32.4%) Est. Cost $33.50 Unrealized +36.0%

IT GARTNER INC 0.0%

Value ($000) $2,387 (+505.5%) Shares 9,463 (+530.9%) Est. Cost $248.77 Unrealized -3.2%

MCD MCDONALDS CORP 0.3%

Value ($000) $19,639 (+11.1%) Shares 64,256 (+10.4%) Est. Cost $276.01 Unrealized +10.5%

VALE VALE S A 0.1%

Value ($000) $8,588 (+24.9%) Shares 659,103 (+4.1%) Est. Cost $13.06 Unrealized —

COF CAPITAL ONE FINL CORP 0.1%

Value ($000) $7,071 (+31.9%) Shares 29,177 (+15.7%) Est. Cost $182.74 Unrealized +21.6%

HAL HALLIBURTON CO 0.0%

Value ($000) $2,197 (+294.7%) Shares 77,742 (+243.6%) Est. Cost $28.06 Unrealized -6.3%

SLB SLB LIMITED 0.1%

Value ($000) $7,875 (+20.9%) Shares 205,184 (+8.3%) Est. Cost $42.10 Unrealized -14.3%

IP INTERNATIONAL PAPER CO 0.1%

Value ($000) $3,636 (+52.1%) Shares 92,304 (+79.2%) Est. Cost $43.71 Unrealized -6.6%

CMCSA COMCAST CORP NEW 0.1%

Value ($000) $5,370 (+29.7%) Shares 179,668 (+36.4%) Est. Cost $34.84 Unrealized -18.1%

META META PLATFORMS INC 5.6%

Value ($000) $348,046 (+0.3%) Shares 527,270 (+11.6%) Est. Cost $424.40 Unrealized +57.2%

AEM AGNICO EAGLE MINES LTD 0.3%

Value ($000) $19,477 (+6.4%) Shares 114,700 (+5.5%) Est. Cost $130.04 Unrealized +29.1%

KDP KEURIG DR PEPPER INC 0.1%

Value ($000) $5,164 (+27.7%) Shares 184,369 (+16.3%) Est. Cost $30.59 Unrealized -10.9%

MDT MEDTRONIC PLC 0.0%

Value ($000) $1,540 (+262.1%) Shares 16,028 (+259.0%) Est. Cost $94.44 Unrealized +2.8%

CM CANADIAN IMPERIAL BANK OF CO 0.1%

Value ($000) $5,139 (+26.1%) Shares 56,614 (+11.1%) Est. Cost $64.91 Unrealized +32.2%

BTI BRITISH AMERN TOB PLC 0.1%

Value ($000) $3,330 (+45.1%) Shares 58,815 (+36.0%) Est. Cost $44.58 Unrealized —

ARM ARM HOLDINGS PLC 0.1%

Value ($000) $4,967 (-17.2%) Shares 45,440 (+7.2%) Est. Cost $110.67 Unrealized —

CNI CANADIAN NATL RY CO 0.2%

Value ($000) $9,769 (+11.7%) Shares 98,665 (+6.4%) Est. Cost $111.67 Unrealized -13.9%

HD HOME DEPOT INC 0.4%

Value ($000) $21,878 (+4.9%) Shares 63,580 (+23.5%) Est. Cost $330.65 Unrealized +10.3%

EFX EQUIFAX INC 0.2%

Value ($000) $11,265 (+9.6%) Shares 51,917 (+29.6%) Est. Cost $223.81 Unrealized -2.3%

— BOEING CO 0.1%

Value ($000) $3,391 (+33.5%) Shares 49,097 (+34.5%) Est. Cost $64.07 Unrealized —

TTEK TETRA TECH INC NEW 0.1%

Value ($000) $6,951 (+11.3%) Shares 207,233 (+10.8%) Est. Cost $36.10 Unrealized -6.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $8,860 (+8.3%) Shares 17,626 (+8.4%) Est. Cost $506.38 Unrealized -1.7%

FLUT FLUTTER ENTMT PLC 0.5%

Value ($000) $28,766 (-2.3%) Shares 133,772 (+15.4%) Est. Cost $220.90 Unrealized +1.8%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $5,287 (+12.8%) Shares 43,931 (+5.7%) Est. Cost $107.41 Unrealized +7.5%

CRH CRH PLC 0.1%

Value ($000) $6,579 (+9.9%) Shares 52,713 (+5.6%) Est. Cost $92.49 Unrealized +28.8%

WCN WASTE CONNECTIONS INC 0.0%

Value ($000) $940 (+136.9%) Shares 5,360 (+137.5%) Est. Cost $161.97 Unrealized +6.7%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $992 (+116.8%) Shares 5,718 (+129.5%) Est. Cost $165.73 Unrealized +3.0%

CSX CSX CORP 0.0%

Value ($000) $1,833 (+40.7%) Shares 50,578 (+37.8%) Est. Cost $31.51 Unrealized +13.3%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $1,581 (+47.6%) Shares 16,968 (+32.7%) Est. Cost $54.79 Unrealized +58.1%

TJX TJX COS INC NEW 0.0%

Value ($000) $2,794 (+21.1%) Shares 18,188 (+14.0%) Est. Cost $121.52 Unrealized +21.5%

CVS CVS HEALTH CORP 0.1%

Value ($000) $5,970 (+8.0%) Shares 75,231 (+2.6%) Est. Cost $59.18 Unrealized +32.9%

SO SOUTHERN CO 0.0%

Value ($000) $1,951 (+25.1%) Shares 22,377 (+35.9%) Est. Cost $91.87 Unrealized -1.1%

BZ KANZHUN LIMITED 0.1%

Value ($000) $4,188 (-8.5%) Shares 205,512 (+4.9%) Est. Cost $21.04 Unrealized —

T AT&T INC 0.0%

Value ($000) $1,457 (+33.7%) Shares 58,670 (+52.0%) Est. Cost $22.88 Unrealized +10.5%

COP CONOCOPHILLIPS 0.2%

Value ($000) $11,453 (+3.2%) Shares 122,353 (+4.3%) Est. Cost $87.90 Unrealized +2.4%

DTE DTE ENERGY CO 0.0%

Value ($000) $1,288 (+34.8%) Shares 9,984 (+47.8%) Est. Cost $125.09 Unrealized +7.8%

ZBH ZIMMER BIOMET HOLDINGS INC 0.1%

Value ($000) $3,463 (-7.8%) Shares 38,511 (+1.0%) Est. Cost $96.19 Unrealized -1.7%

PDD PDD HOLDINGS INC 0.1%

Value ($000) $3,145 (-7.8%) Shares 27,738 (+7.5%) Est. Cost $108.15 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.1%

Value ($000) $5,693 (+4.3%) Shares 153,873 (+10.5%) Est. Cost $45.61 Unrealized -20.7%

CHD CHURCH & DWIGHT CO INC 0.0%

Value ($000) $751 (+45.1%) Shares 8,953 (+51.6%) Est. Cost $97.19 Unrealized -12.3%

WSO WATSCO INC 0.0%

Value ($000) $913 (+33.6%) Shares 2,709 (+60.3%) Est. Cost $407.76 Unrealized -12.4%

SE SEA LTD 0.1%

Value ($000) $4,649 (-3.9%) Shares 36,442 (+34.6%) Est. Cost $116.73 Unrealized —

FITB FIFTH THIRD BANCORP 0.0%

Value ($000) $1,427 (+14.5%) Shares 30,491 (+9.0%) Est. Cost $39.21 Unrealized +11.3%

USFD US FOODS HLDG CORP 0.0%

Value ($000) $2,498 (+6.5%) Shares 33,165 (+8.4%) Est. Cost $69.69 Unrealized +7.8%

APD AIR PRODS & CHEMS INC 0.0%

Value ($000) $2,491 (+6.2%) Shares 10,086 (+17.3%) Est. Cost $291.77 Unrealized -13.8%

NU NU HLDGS LTD 0.0%

Value ($000) $1,487 (+10.9%) Shares 88,855 (+6.0%) Est. Cost $12.14 Unrealized +32.4%

WYNN WYNN RESORTS LTD 0.2%

Value ($000) $14,487 (-1.0%) Shares 120,391 (+5.5%) Est. Cost $87.26 Unrealized +41.6%

OWL BLUE OWL CAPITAL INC 0.0%

Value ($000) $1,868 (-7.1%) Shares 125,001 (+5.3%) Est. Cost $20.39 Unrealized -23.3%

PAYX PAYCHEX INC 0.0%

Value ($000) $2,302 (-5.8%) Shares 20,524 (+6.5%) Est. Cost $136.49 Unrealized -14.6%

FICO FAIR ISAAC CORP 0.0%

Value ($000) $788 (+19.4%) Shares 466 (+5.7%) Est. Cost $1515.49 Unrealized +13.6%

DHI D R HORTON INC 0.1%

Value ($000) $3,782 (-3.0%) Shares 26,260 (+14.1%) Est. Cost $152.25 Unrealized -0.2%

VLTO VERALTO CORP 0.0%

Value ($000) $1,106 (+10.8%) Shares 11,080 (+18.4%) Est. Cost $82.52 Unrealized +22.4%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.1%

Value ($000) $3,483 (-1.8%) Shares 42,409 (+11.9%) Est. Cost $42.86 Unrealized +91.4%

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $11,301 (+0.4%) Shares 34,233 (+5.0%) Est. Cost $452.57 Unrealized -25.5%

LYB LYONDELLBASELL INDUSTRIES N 0.0%

Value ($000) $648 (-5.3%) Shares 14,971 (+7.3%) Est. Cost $53.63 Unrealized -17.1%

NSC NORFOLK SOUTHN CORP 0.0%

Value ($000) $1,387 (+2.6%) Shares 4,803 (+6.8%) Est. Cost $230.67 Unrealized +25.1%

KT KT CORP 0.0%

Value ($000) $2,898 (-0.5%) Shares 152,764 (+2.3%) Est. Cost $18.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	1,268,504 (+34.9%)	$236,576 (+34.9%)	3.8%	$127.72	+45.7%	COM	67066G104
LLY	ELI LILLY & CO	147,081 (+14.6%)	$158,065 (+61.4%)	2.5%	$519.27	+84.0%	COM	532457108
NFLX	NETFLIX INC	818,159 (+656.4%)	$76,711 (-40.9%)	1.2%	$100.66	+7.1%	COM	64110L106
GOOG	ALPHABET INC	485,337 (+3.0%)	$152,299 (+32.6%)	2.4%	$140.89	+103.2%	CAP STK CL C	02079K107
AMZN	AMAZON COM INC	568,943 (+32.3%)	$131,323 (+39.0%)	2.1%	$192.30	+19.0%	COM	023135106
AAPL	APPLE INC	330,203 (+50.1%)	$89,769 (+60.2%)	1.4%	$211.71	+26.7%	COM	037833100
MU	MICRON TECHNOLOGY INC	228,225 (+8.9%)	$65,138 (+85.7%)	1.0%	$104.19	+120.1%	COM	595112103
DE	DEERE & CO	75,298 (+229.0%)	$35,056 (+235.0%)	0.6%	$446.64	+4.7%	COM	244199105
CRM	SALESFORCE INC	254,184 (+39.7%)	$67,336 (+56.1%)	1.1%	$235.79	+5.3%	COM	79466L302
BAC	BANK AMERICA CORP	1,128,529 (+52.8%)	$62,069 (+62.9%)	1.0%	$43.33	+21.5%	COM	060505104
WELL	WELLTOWER INC	150,674 (+209.2%)	$27,967 (+222.2%)	0.4%	$169.06	+10.3%	COM	95040Q104
SHOP	SHOPIFY INC	695,042 (+9.2%)	$111,881 (+18.3%)	1.8%	$77.45	+107.3%	CL A SUB VTG SHS	82509L107
ISRG	INTUITIVE SURGICAL INC	114,521 (+6.1%)	$64,860 (+34.4%)	1.0%	$377.49	+41.0%	COM NEW	46120E602
KKR	KKR & CO INC	171,174 (+309.0%)	$21,821 (+301.2%)	0.4%	$123.45	+0.7%	COM	48251W104
V	VISA INC	244,234 (+19.8%)	$85,655 (+23.1%)	1.4%	$267.80	+27.1%	COM CL A	92826C839
STZ	CONSTELLATION BRANDS INC	123,850 (+968.5%)	$17,086 (+994.6%)	0.3%	$143.52	-4.6%	CL A	21036P108
FTAI	FTAI AVIATION LTD	150,201 (+74.0%)	$29,567 (+105.3%)	0.5%	$143.87	+18.3%	SHS	G3730V105
TMO	THERMO FISHER SCIENTIFIC INC	106,535 (+7.4%)	$61,732 (+28.3%)	1.0%	$547.44	+3.2%	COM	883556102
NOC	NORTHROP GRUMMAN CORP	89,961 (+34.0%)	$51,297 (+25.4%)	0.8%	$485.68	+19.2%	COM	666807102
GE	GE AEROSPACE	294,709 (+10.0%)	$90,779 (+12.7%)	1.5%	$163.84	+83.6%	COM NEW	369604301
RYAAY	RYANAIR HOLDINGS PLC	705,096 (+3.6%)	$50,901 (+24.2%)	0.8%	$59.49	—	SPONSORED ADR	783513203
INTC	INTEL CORP	398,350 (+174.5%)	$14,699 (+201.9%)	0.2%	$32.43	+16.4%	COM	458140100
QSR	RESTAURANT BRANDS INTL INC	471,677 (+32.9%)	$32,183 (+41.4%)	0.5%	$66.25	+4.0%	COM	76131D103
RGLD	ROYAL GOLD INC	57,091 (+237.4%)	$12,691 (+273.9%)	0.2%	$183.84	+7.9%	COM	780287108
MTD	METTLER TOLEDO INTERNATIONAL	18,766 (+32.2%)	$26,163 (+50.1%)	0.4%	$1311.74	+6.5%	COM	592688105
YUM	YUM BRANDS INC	137,133 (+70.7%)	$20,745 (+69.9%)	0.3%	$130.37	+13.3%	COM	988498101
C	CITIGROUP INC	401,047 (+5.8%)	$46,798 (+21.7%)	0.8%	$66.69	+55.4%	COM NEW	172967424
MA	MASTERCARD INCORPORATED	110,616 (+14.2%)	$63,148 (+14.7%)	1.0%	$427.18	+30.8%	CL A	57636Q104
ICE	INTERCONTINENTAL EXCHANGE IN	66,070 (+309.0%)	$10,701 (+293.2%)	0.2%	$160.23	-2.5%	COM	45866F104
ICLR	ICON PLC	51,219 (+503.1%)	$9,333 (+528.0%)	0.1%	$176.30	+1.0%	SHS	G4705A100
RPRX	ROYALTY PHARMA PLC	534,896 (+45.1%)	$20,668 (+59.0%)	0.3%	$34.94	+9.1%	SHS CLASS A	G7709Q104
BSX	BOSTON SCIENTIFIC CORP	415,718 (+26.6%)	$39,639 (+23.7%)	0.6%	$86.69	+13.1%	COM	101137107
SPGI	S&P GLOBAL INC	51,648 (+28.3%)	$26,991 (+37.7%)	0.4%	$433.29	+14.1%	COM	78409V104
PFE	PFIZER INC	723,079 (+72.7%)	$18,005 (+68.8%)	0.3%	$29.42	-14.9%	COM	717081103
AJG	GALLAGHER ARTHUR J & CO	151,289 (+46.2%)	$39,152 (+22.2%)	0.6%	$238.88	+10.6%	COM	363576109
PM	PHILIP MORRIS INTL INC	660,238 (+8.0%)	$105,902 (+6.8%)	1.7%	$101.01	+52.0%	COM	718172109
ALGN	ALIGN TECHNOLOGY INC	106,343 (+33.2%)	$16,605 (+66.1%)	0.3%	$160.56	-10.7%	COM	016255101
CPRT	COPART INC	694,473 (+51.5%)	$27,189 (+31.9%)	0.4%	$43.92	-5.6%	COM	217204106
KO	COCA COLA CO	122,776 (+267.7%)	$8,583 (+287.6%)	0.1%	$68.02	+2.0%	COM	191216100
AXP	AMERICAN EXPRESS CO	23,642 (+217.1%)	$8,746 (+253.2%)	0.1%	$329.76	+8.2%	COM	025816109
SBUX	STARBUCKS CORP	554,468 (+15.5%)	$46,692 (+14.9%)	0.7%	$89.68	-6.3%	COM	855244109
MAR	MARRIOTT INTL INC NEW	53,218 (+29.1%)	$16,510 (+53.7%)	0.3%	$251.86	+13.3%	CL A	571903202
MDLZ	MONDELEZ INTL INC	417,659 (+55.7%)	$22,483 (+34.1%)	0.4%	$59.56	-4.2%	CL A	609207105
ABBV	ABBVIE INC	65,836 (+62.4%)	$15,043 (+60.3%)	0.2%	$180.82	+25.8%	COM	00287Y109
ACN	ACCENTURE PLC IRELAND	38,425 (+100.3%)	$10,309 (+117.9%)	0.2%	$273.68	-7.2%	SHS CLASS A	G1151C101
TSLA	TESLA INC	526,460 (+1.1%)	$236,760 (+2.2%)	3.8%	$272.70	+62.6%	COM	88160R101
ITT	ITT INC	99,256 (+47.1%)	$17,222 (+42.8%)	0.3%	$130.68	+37.1%	COM	45073V108
RTX	RTX CORPORATION	63,987 (+57.6%)	$11,735 (+72.8%)	0.2%	$124.76	+38.9%	COM	75513E101
ABT	ABBOTT LABS	368,795 (+19.7%)	$46,206 (+12.0%)	0.7%	$108.23	+17.6%	COM	002824100
APH	AMPHENOL CORP NEW	110,595 (+34.2%)	$14,946 (+46.5%)	0.2%	$115.54	+15.6%	CL A	032095101
EPAM	EPAM SYS INC	38,996 (+79.6%)	$7,990 (+144.0%)	0.1%	$208.77	-14.6%	COM	29414B104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	156,291 (+1.3%)	$47,495 (+10.3%)	0.8%	$142.65	—	SPONSORED ADS	874039100
LHX	L3HARRIS TECHNOLOGIES INC	59,501 (+39.3%)	$17,468 (+33.9%)	0.3%	$234.88	+22.8%	COM	502431109
ONC	BEONE MEDICINES LTD	152,515 (+2.7%)	$46,336 (-8.5%)	0.7%	$198.42	—	SPONSORED ADS	07725L102
UNP	UNION PAC CORP	27,159 (+209.3%)	$6,282 (+202.7%)	0.1%	$228.56	-0.5%	COM	907818108
SHW	SHERWIN WILLIAMS CO	107,034 (+21.4%)	$34,682 (+13.6%)	0.6%	$296.51	+12.7%	COM	824348106
AMAT	APPLIED MATLS INC	29,160 (+64.4%)	$7,494 (+106.4%)	0.1%	$189.57	+26.3%	COM	038222105
ULS	UL SOLUTIONS INC	193,260 (+18.1%)	$15,240 (+31.5%)	0.2%	$55.05	+45.8%	CLASS A COM SHS	903731107
MELI	MERCADOLIBRE INC	32,416 (+22.8%)	$65,294 (+5.8%)	1.0%	$1550.25	+35.5%	COM	58733R102
KEYS	KEYSIGHT TECHNOLOGIES INC	69,745 (+14.9%)	$14,171 (+33.5%)	0.2%	$156.75	+18.4%	COM	49338L103
DUOL	DUOLINGO INC	24,108 (+1.6%)	$4,231 (-44.6%)	0.1%	$366.36	-35.7%	CL A COM	26603R106
TDG	TRANSDIGM GROUP INC	36,905 (+6.3%)	$49,078 (+7.2%)	0.8%	$982.90	+33.4%	COM	893641100
IBM	INTERNATIONAL BUSINESS MACHS	62,000 (+15.2%)	$18,365 (+21.0%)	0.3%	$259.58	+15.1%	COM	459200101
CNQ	CANADIAN NAT RES LTD	373,518 (+25.4%)	$12,667 (+33.0%)	0.2%	$32.28	+0.4%	COM	136385101
RCL	ROYAL CARIBBEAN GROUP	363,713 (+19.3%)	$101,447 (+2.8%)	1.6%	$150.89	+86.6%	COM	V7780T103
LIN	LINDE PLC	95,362 (+4.4%)	$40,661 (-6.3%)	0.7%	$380.91	+12.2%	SHS	G54950103
B	BARRICK MNG CORP	148,957 (+23.1%)	$6,488 (+63.6%)	0.1%	$24.28	+54.1%	COM SHS	06849F108
GS	GOLDMAN SACHS GROUP INC	20,124 (+4.5%)	$17,689 (+15.3%)	0.3%	$423.86	+91.9%	COM	38141G104
BG	BUNGE GLOBAL SA	186,186 (+6.0%)	$16,585 (+16.3%)	0.3%	$87.07	+5.5%	COM SHS	H11356104
DAL	DELTA AIR LINES INC DEL	148,113 (+5.2%)	$10,279 (+28.7%)	0.2%	$44.95	+38.9%	COM NEW	247361702
MSFT	MICROSOFT CORP	719,808 (+6.4%)	$348,114 (-0.7%)	5.6%	$329.24	+52.0%	COM	594918104
CAT	CATERPILLAR INC	7,213 (+83.2%)	$4,132 (+119.9%)	0.1%	$375.04	+48.1%	COM	149123101
NOW	SERVICENOW INC	226,965 (+467.1%)	$34,769 (-5.6%)	0.6%	$162.72	+5.4%	COM	81762P102
BN	BROOKFIELD CORP	340,830 (+32.4%)	$15,641 (-11.4%)	0.3%	$33.50	+36.0%	CL A LTD VT SH	11271J107
IT	GARTNER INC	9,463 (+530.9%)	$2,387 (+505.5%)	0.0%	$248.77	-3.2%	COM	366651107
MCD	MCDONALDS CORP	64,256 (+10.4%)	$19,639 (+11.1%)	0.3%	$276.01	+10.5%	COM	580135101
VALE	VALE S A	659,103 (+4.1%)	$8,588 (+24.9%)	0.1%	$13.06	—	SPONSORED ADS	91912E105
COF	CAPITAL ONE FINL CORP	29,177 (+15.7%)	$7,071 (+31.9%)	0.1%	$182.74	+21.6%	COM	14040H105
HAL	HALLIBURTON CO	77,742 (+243.6%)	$2,197 (+294.7%)	0.0%	$28.06	-6.3%	COM	406216101
SLB	SLB LIMITED	205,184 (+8.3%)	$7,875 (+20.9%)	0.1%	$42.10	-14.3%	COM STK	806857108
IP	INTERNATIONAL PAPER CO	92,304 (+79.2%)	$3,636 (+52.1%)	0.1%	$43.71	-6.6%	COM	460146103
CMCSA	COMCAST CORP NEW	179,668 (+36.4%)	$5,370 (+29.7%)	0.1%	$34.84	-18.1%	CL A	20030N101
META	META PLATFORMS INC	527,270 (+11.6%)	$348,046 (+0.3%)	5.6%	$424.40	+57.2%	CL A	30303M102
AEM	AGNICO EAGLE MINES LTD	114,700 (+5.5%)	$19,477 (+6.4%)	0.3%	$130.04	+29.1%	COM	008474108
KDP	KEURIG DR PEPPER INC	184,369 (+16.3%)	$5,164 (+27.7%)	0.1%	$30.59	-10.9%	COM	49271V100
MDT	MEDTRONIC PLC	16,028 (+259.0%)	$1,540 (+262.1%)	0.0%	$94.44	+2.8%	SHS	G5960L103
CM	CANADIAN IMPERIAL BANK OF CO	56,614 (+11.1%)	$5,139 (+26.1%)	0.1%	$64.91	+32.2%	COM	136069101
BTI	BRITISH AMERN TOB PLC	58,815 (+36.0%)	$3,330 (+45.1%)	0.1%	$44.58	—	SPONSORED ADR	110448107
ARM	ARM HOLDINGS PLC	45,440 (+7.2%)	$4,967 (-17.2%)	0.1%	$110.67	—	SPONSORED ADS	042068205
CNI	CANADIAN NATL RY CO	98,665 (+6.4%)	$9,769 (+11.7%)	0.2%	$111.67	-13.9%	COM	136375102
HD	HOME DEPOT INC	63,580 (+23.5%)	$21,878 (+4.9%)	0.4%	$330.65	+10.3%	COM	437076102
EFX	EQUIFAX INC	51,917 (+29.6%)	$11,265 (+9.6%)	0.2%	$223.81	-2.3%	COM	294429105
—	BOEING CO	49,097 (+34.5%)	$3,391 (+33.5%)	0.1%	$64.07	—	DEP CONV PFD A	097023204
TTEK	TETRA TECH INC NEW	207,233 (+10.8%)	$6,951 (+11.3%)	0.1%	$36.10	-6.3%	COM	88162G103
BRK/B	BERKSHIRE HATHAWAY INC DEL	17,626 (+8.4%)	$8,860 (+8.3%)	0.1%	$506.38	-1.7%	CL B NEW	084670702
FLUT	FLUTTER ENTMT PLC	133,772 (+15.4%)	$28,766 (-2.3%)	0.5%	$220.90	+1.8%	SHS	G3643J108
XOM	EXXON MOBIL CORP	43,931 (+5.7%)	$5,287 (+12.8%)	0.1%	$107.41	+7.5%	COM	30231G102
CRH	CRH PLC	52,713 (+5.6%)	$6,579 (+9.9%)	0.1%	$92.49	+28.8%	ORD	G25508105
WCN	WASTE CONNECTIONS INC	5,360 (+137.5%)	$940 (+136.9%)	0.0%	$161.97	+6.7%	COM	94106B101
TXN	TEXAS INSTRS INC	5,718 (+129.5%)	$992 (+116.8%)	0.0%	$165.73	+3.0%	COM	882508104
CSX	CSX CORP	50,578 (+37.8%)	$1,833 (+40.7%)	0.0%	$31.51	+13.3%	COM	126408103
WFC	WELLS FARGO CO NEW	16,968 (+32.7%)	$1,581 (+47.6%)	0.0%	$54.79	+58.1%	COM	949746101
TJX	TJX COS INC NEW	18,188 (+14.0%)	$2,794 (+21.1%)	0.0%	$121.52	+21.5%	COM	872540109
CVS	CVS HEALTH CORP	75,231 (+2.6%)	$5,970 (+8.0%)	0.1%	$59.18	+32.9%	COM	126650100
SO	SOUTHERN CO	22,377 (+35.9%)	$1,951 (+25.1%)	0.0%	$91.87	-1.1%	COM	842587107
BZ	KANZHUN LIMITED	205,512 (+4.9%)	$4,188 (-8.5%)	0.1%	$21.04	—	SPONSORED ADS	48553T106
T	AT&T INC	58,670 (+52.0%)	$1,457 (+33.7%)	0.0%	$22.88	+10.5%	COM	00206R102
COP	CONOCOPHILLIPS	122,353 (+4.3%)	$11,453 (+3.2%)	0.2%	$87.90	+2.4%	COM	20825C104
DTE	DTE ENERGY CO	9,984 (+47.8%)	$1,288 (+34.8%)	0.0%	$125.09	+7.8%	COM	233331107
ZBH	ZIMMER BIOMET HOLDINGS INC	38,511 (+1.0%)	$3,463 (-7.8%)	0.1%	$96.19	-1.7%	COM	98956P102
PDD	PDD HOLDINGS INC	27,738 (+7.5%)	$3,145 (-7.8%)	0.1%	$108.15	—	SPONSORED ADS	722304102
CMG	CHIPOTLE MEXICAN GRILL INC	153,873 (+10.5%)	$5,693 (+4.3%)	0.1%	$45.61	-20.7%	COM	169656105
CHD	CHURCH & DWIGHT CO INC	8,953 (+51.6%)	$751 (+45.1%)	0.0%	$97.19	-12.3%	COM	171340102
WSO	WATSCO INC	2,709 (+60.3%)	$913 (+33.6%)	0.0%	$407.76	-12.4%	COM	942622200
SE	SEA LTD	36,442 (+34.6%)	$4,649 (-3.9%)	0.1%	$116.73	—	SPONSORD ADS	81141R100
FITB	FIFTH THIRD BANCORP	30,491 (+9.0%)	$1,427 (+14.5%)	0.0%	$39.21	+11.3%	COM	316773100
USFD	US FOODS HLDG CORP	33,165 (+8.4%)	$2,498 (+6.5%)	0.0%	$69.69	+7.8%	COM	912008109
APD	AIR PRODS & CHEMS INC	10,086 (+17.3%)	$2,491 (+6.2%)	0.0%	$291.77	-13.8%	COM	009158106
NU	NU HLDGS LTD	88,855 (+6.0%)	$1,487 (+10.9%)	0.0%	$12.14	+32.4%	ORD SHS CL A	G6683N103
WYNN	WYNN RESORTS LTD	120,391 (+5.5%)	$14,487 (-1.0%)	0.2%	$87.26	+41.6%	COM	983134107
OWL	BLUE OWL CAPITAL INC	125,001 (+5.3%)	$1,868 (-7.1%)	0.0%	$20.39	-23.3%	COM CL A	09581B103
PAYX	PAYCHEX INC	20,524 (+6.5%)	$2,302 (-5.8%)	0.0%	$136.49	-14.6%	COM	704326107
FICO	FAIR ISAAC CORP	466 (+5.7%)	$788 (+19.4%)	0.0%	$1515.49	+13.6%	COM	303250104
DHI	D R HORTON INC	26,260 (+14.1%)	$3,782 (-3.0%)	0.1%	$152.25	-0.2%	COM	23331A109
VLTO	VERALTO CORP	11,080 (+18.4%)	$1,106 (+10.8%)	0.0%	$82.52	+22.4%	COM SHS	92338C103
MMYT	MAKEMYTRIP LIMITED MAURITIUS	42,409 (+11.9%)	$3,483 (-1.8%)	0.1%	$42.86	+91.4%	SHS	V5633W109
UNH	UNITEDHEALTH GROUP INC	34,233 (+5.0%)	$11,301 (+0.4%)	0.2%	$452.57	-25.5%	COM	91324P102
LYB	LYONDELLBASELL INDUSTRIES N	14,971 (+7.3%)	$648 (-5.3%)	0.0%	$53.63	-17.1%	SHS - A -	N53745100
NSC	NORFOLK SOUTHN CORP	4,803 (+6.8%)	$1,387 (+2.6%)	0.0%	$230.67	+25.1%	COM	655844108
KT	KT CORP	152,764 (+2.3%)	$2,898 (-0.5%)	0.0%	$18.76	—	SPONSORED ADR	48268K101

Exited Positions (12)

EA ELECTRONIC ARTS INC 0.5%

Value ($000) $33,966 Shares 168,398 Est. Cost $132.22 Unrealized +52.6%

MSI MOTOROLA SOLUTIONS INC 0.4%

Value ($000) $22,012 Shares 48,135 Est. Cost $254.15 Unrealized +57.7%

HWM HOWMET AEROSPACE INC 0.4%

Value ($000) $21,815 Shares 111,172 Est. Cost $64.09 Unrealized +210.5%

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value ($000) $13,275 Shares 72,771 Est. Cost $66.74 Unrealized +171.2%

— SANDSTORM GOLD LTD 0.2%

Value ($000) $10,860 Shares 867,413 Est. Cost $7.22 Unrealized —

ON ON SEMICONDUCTOR CORP 0.1%

Value ($000) $7,442 Shares 150,927 Est. Cost $63.92 Unrealized -19.7%

— DAYFORCE INC 0.1%

Value ($000) $7,163 Shares 103,977 Est. Cost $66.14 Unrealized +4.1%

TRU TRANSUNION 0.0%

Value ($000) $2,530 Shares 30,198 Est. Cost $92.65 Unrealized -11.4%

AXON AXON ENTERPRISE INC 0.0%

Value ($000) $1,524 Shares 2,124 Est. Cost $191.84 Unrealized +223.5%

ARGX ARGENX SE 0.0%

Value ($000) $1,364 Shares 1,849 Est. Cost $737.56 Unrealized —

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.0%

Value ($000) $329 Shares 1,274 Est. Cost $118.29 Unrealized +110.8%

VICI VICI PPTYS INC 0.0%

Value ($000) $284 Shares 8,700 Est. Cost $28.25 Unrealized +3.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EA	ELECTRONIC ARTS INC	168,398	$33,966	0.5%	$132.22	+52.6%	—	285512109
MSI	MOTOROLA SOLUTIONS INC	48,135	$22,012	0.4%	$254.15	+57.7%	—	620076307
HWM	HOWMET AEROSPACE INC	111,172	$21,815	0.4%	$64.09	+210.5%	—	443201108
PLTR	PALANTIR TECHNOLOGIES INC	72,771	$13,275	0.2%	$66.74	+171.2%	—	69608A108
—	SANDSTORM GOLD LTD	867,413	$10,860	0.2%	$7.22	—	—	80013R206
ON	ON SEMICONDUCTOR CORP	150,927	$7,442	0.1%	$63.92	-19.7%	—	682189105
—	DAYFORCE INC	103,977	$7,163	0.1%	$66.14	+4.1%	—	15677J108
TRU	TRANSUNION	30,198	$2,530	0.0%	$92.65	-11.4%	—	89400J107
AXON	AXON ENTERPRISE INC	2,124	$1,524	0.0%	$191.84	+223.5%	—	05464C101
ARGX	ARGENX SE	1,849	$1,364	0.0%	$737.56	—	—	04016X101
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	1,274	$329	0.0%	$118.29	+110.8%	—	874054109
VICI	VICI PPTYS INC	8,700	$284	0.0%	$28.25	+3.7%	—	925652109

Decreased Positions (81)

JPM JPMORGAN CHASE & CO. 1.1%

Value ($000) $69,520 (-40.5%) Shares 215,753 (-41.7%) Est. Cost $160.56 Unrealized +92.8%

BKNG BOOKING HOLDINGS INC 0.5%

Value ($000) $31,173 (-49.4%) Shares 5,821 (-49.0%) Est. Cost $2865.65 Unrealized +79.3%

CARR CARRIER GLOBAL CORPORATION 0.4%

Value ($000) $24,958 (-50.4%) Shares 472,328 (-43.9%) Est. Cost $49.96 Unrealized +11.2%

RBLX ROBLOX CORP 0.5%

Value ($000) $30,105 (-43.0%) Shares 371,525 (-2.5%) Est. Cost $69.98 Unrealized +51.7%

BX BLACKSTONE INC 0.0%

Value ($000) $2,843 (-84.4%) Shares 18,447 (-82.7%) Est. Cost $104.16 Unrealized +45.4%

TCOM TRIP COM GROUP LTD 0.7%

Value ($000) $46,399 (-23.2%) Shares 645,243 (-19.7%) Est. Cost $41.79 Unrealized —

RACE FERRARI N V 0.1%

Value ($000) $5,516 (-70.7%) Shares 14,765 (-62.1%) Est. Cost $414.00 Unrealized -3.3%

ALNY ALNYLAM PHARMACEUTICALS INC 0.8%

Value ($000) $47,460 (-19.8%) Shares 119,352 (-8.0%) Est. Cost $201.18 Unrealized +120.0%

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value ($000) $5,659 (-66.6%) Shares 19,699 (-69.9%) Est. Cost $153.47 Unrealized +77.4%

ORCL ORACLE CORP 0.0%

Value ($000) $1,445 (-88.4%) Shares 7,415 (-83.2%) Est. Cost $221.78 Unrealized +7.3%

CME CME GROUP INC 0.1%

Value ($000) $6,792 (-58.1%) Shares 24,873 (-58.6%) Est. Cost $181.53 Unrealized +49.1%

CTVA CORTEVA INC 0.3%

Value ($000) $16,126 (-36.8%) Shares 240,574 (-36.2%) Est. Cost $59.99 Unrealized +7.6%

GEV GE VERNOVA INC 0.4%

Value ($000) $23,454 (-27.2%) Shares 35,886 (-31.5%) Est. Cost $299.52 Unrealized +103.3%

GOOGL ALPHABET INC 1.9%

Value ($000) $116,793 (+7.9%) Shares 373,142 (-16.2%) Est. Cost $136.31 Unrealized +109.5%

REGN REGENERON PHARMACEUTICALS 0.3%

Value ($000) $17,962 (-31.7%) Shares 23,271 (-50.3%) Est. Cost $802.28 Unrealized -15.4%

NKE NIKE INC 0.3%

Value ($000) $18,713 (-29.0%) Shares 293,728 (-22.3%) Est. Cost $83.49 Unrealized -22.3%

MS MORGAN STANLEY 0.0%

Value ($000) $1,286 (-85.5%) Shares 7,243 (-87.0%) Est. Cost $94.34 Unrealized +76.5%

AON AON PLC 0.4%

Value ($000) $23,516 (-22.2%) Shares 66,641 (-21.4%) Est. Cost $302.87 Unrealized +15.3%

AMGN AMGEN INC 0.5%

Value ($000) $28,766 (-18.5%) Shares 87,886 (-29.8%) Est. Cost $286.00 Unrealized +10.5%

KLAC KLA CORP 0.7%

Value ($000) $40,672 (-13.8%) Shares 33,473 (-23.5%) Est. Cost $702.40 Unrealized +66.8%

SNPS SYNOPSYS INC 0.7%

Value ($000) $40,593 (-13.5%) Shares 86,420 (-9.2%) Est. Cost $468.54 Unrealized -5.2%

MSTR STRATEGY INC 0.0%

Value ($000) $1,642 (-77.7%) Shares 10,805 (-52.7%) Est. Cost $304.79 Unrealized -24.5%

TEAM ATLASSIAN CORPORATION 0.1%

Value ($000) $5,034 (-52.3%) Shares 31,045 (-53.0%) Est. Cost $170.29 Unrealized -7.9%

AMX AMERICA MOVIL SAB DE CV 0.4%

Value ($000) $22,458 (-19.7%) Shares 1,086,490 (-18.4%) Est. Cost $20.19 Unrealized —

TRP TC ENERGY CORP 0.1%

Value ($000) $3,693 (-56.7%) Shares 67,048 (-57.2%) Est. Cost $35.60 Unrealized +49.9%

IR INGERSOLL RAND INC 0.6%

Value ($000) $36,234 (-9.6%) Shares 457,381 (-5.8%) Est. Cost $82.11 Unrealized -3.9%

SRE SEMPRA 0.2%

Value ($000) $13,638 (-21.6%) Shares 154,467 (-20.1%) Est. Cost $71.88 Unrealized +26.0%

URI UNITED RENTALS INC 0.1%

Value ($000) $5,728 (-35.3%) Shares 7,078 (-23.7%) Est. Cost $763.11 Unrealized +13.6%

FISV FISERV INC 0.0%

Value ($000) $513 (-85.1%) Shares 7,638 (-71.3%) Est. Cost $177.03 Unrealized -52.6%

IBN ICICI BANK LIMITED 0.2%

Value ($000) $12,019 (-19.0%) Shares 403,334 (-17.9%) Est. Cost $21.33 Unrealized —

MRSH MARSH & MCLENNAN COS INC 0.2%

Value ($000) $10,779 (-20.8%) Shares 58,099 (-13.9%) Est. Cost $190.69 Unrealized -2.2%

CHTR CHARTER COMMUNICATIONS INC N 0.0%

Value ($000) $1,039 (-71.7%) Shares 4,979 (-62.7%) Est. Cost $339.38 Unrealized -33.7%

HEI HEICO CORP NEW 0.4%

Value ($000) $25,703 (-8.4%) Shares 79,432 (-8.6%) Est. Cost $198.38 Unrealized +59.3%

ILMN ILLUMINA INC 0.2%

Value ($000) $13,781 (+20.2%) Shares 105,069 (-13.0%) Est. Cost $123.90 Unrealized -5.2%

DHR DANAHER CORPORATION 0.3%

Value ($000) $19,770 (+12.4%) Shares 86,363 (-2.7%) Est. Cost $212.14 Unrealized +3.5%

COO COOPER COS INC 0.2%

Value ($000) $15,047 (+16.8%) Shares 183,595 (-2.3%) Est. Cost $80.60 Unrealized -7.1%

FNV FRANCO NEV CORP 0.0%

Value ($000) $2,658 (-42.4%) Shares 12,807 (-38.2%) Est. Cost $129.10 Unrealized +57.1%

XPO XPO INC 0.1%

Value ($000) $6,157 (-22.1%) Shares 45,303 (-25.9%) Est. Cost $123.02 Unrealized +10.7%

CEG CONSTELLATION ENERGY CORP 0.1%

Value ($000) $9,319 (-14.8%) Shares 26,380 (-20.7%) Est. Cost $223.38 Unrealized +62.6%

CRSP CRISPR THERAPEUTICS AG 0.1%

Value ($000) $4,970 (-23.1%) Shares 94,769 (-4.9%) Est. Cost $61.86 Unrealized -3.2%

BAM BROOKFIELD ASSET MANAGMT LTD 0.2%

Value ($000) $13,879 (-9.2%) Shares 264,924 (-1.3%) Est. Cost $35.26 Unrealized +51.6%

BLK BLACKROCK INC 0.0%

Value ($000) $235 (-85.2%) Shares 220 (-83.8%) Est. Cost $988.45 Unrealized +10.2%

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $1,049 (-56.2%) Shares 12,836 (-47.4%) Est. Cost $47.37 Unrealized +90.1%

MNST MONSTER BEVERAGE CORP NEW 0.2%

Value ($000) $9,619 (-10.6%) Shares 125,457 (-21.5%) Est. Cost $50.21 Unrealized +42.7%

EOG EOG RES INC 0.0%

Value ($000) $2,678 (-27.5%) Shares 25,500 (-22.6%) Est. Cost $121.53 Unrealized -11.8%

ASND ASCENDIS PHARMA A/S 0.1%

Value ($000) $5,319 (-13.3%) Shares 24,943 (-19.2%) Est. Cost $147.10 Unrealized —

ASML ASML HOLDING N V 0.9%

Value ($000) $56,670 (-1.4%) Shares 52,970 (-10.8%) Est. Cost $735.94 Unrealized —

VRTX VERTEX PHARMACEUTICALS INC 1.4%

Value ($000) $87,697 (-0.8%) Shares 193,438 (-14.3%) Est. Cost $380.86 Unrealized +13.2%

FCX FREEPORT-MCMORAN INC 0.2%

Value ($000) $13,685 (-4.7%) Shares 269,439 (-26.4%) Est. Cost $40.00 Unrealized +8.3%

EL LAUDER ESTEE COS INC 0.2%

Value ($000) $10,950 (-5.7%) Shares 104,565 (-20.6%) Est. Cost $65.41 Unrealized +48.0%

GGB GERDAU SA 0.1%

Value ($000) $3,448 (+16.8%) Shares 934,528 (-1.8%) Est. Cost $4.13 Unrealized —

PWR QUANTA SVCS INC 0.0%

Value ($000) $2,144 (-18.4%) Shares 5,081 (-19.9%) Est. Cost $277.59 Unrealized +58.2%

BA BOEING CO 0.3%

Value ($000) $21,596 (-2.2%) Shares 99,468 (-2.8%) Est. Cost $177.67 Unrealized +15.8%

CVE CENOVUS ENERGY INC 0.4%

Value ($000) $23,628 (-1.9%) Shares 1,395,055 (-1.7%) Est. Cost $17.13 Unrealized +1.4%

TMUS T-MOBILE US INC 0.0%

Value ($000) $2,324 (-16.7%) Shares 11,446 (-1.8%) Est. Cost $207.29 Unrealized +1.9%

AME AMETEK INC 0.0%

Value ($000) $2,550 (-14.8%) Shares 12,419 (-21.9%) Est. Cost $155.15 Unrealized +25.3%

BKR BAKER HUGHES COMPANY 0.1%

Value ($000) $3,230 (-11.4%) Shares 70,937 (-5.2%) Est. Cost $36.10 Unrealized +31.1%

PCG PG&E CORP 0.0%

Value ($000) $593 (-38.1%) Shares 36,889 (-41.9%) Est. Cost $17.42 Unrealized -8.6%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.0%

Value ($000) $2,459 (-12.4%) Shares 110,181 (-3.4%) Est. Cost $19.69 Unrealized +7.2%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $4,584 (+8.2%) Shares 37,350 (-2.1%) Est. Cost $72.84 Unrealized +66.0%

LII LENNOX INTL INC 0.0%

Value ($000) $2,167 (-13.7%) Shares 4,463 (-6.0%) Est. Cost $584.55 Unrealized -14.5%

ARMK ARAMARK 0.1%

Value ($000) $4,228 (-7.1%) Shares 114,707 (-3.2%) Est. Cost $35.91 Unrealized +5.6%

APO APOLLO GLOBAL MGMT INC 0.0%

Value ($000) $2,347 (-11.0%) Shares 16,211 (-18.1%) Est. Cost $131.44 Unrealized +0.9%

TEL TE CONNECTIVITY PLC 0.0%

Value ($000) $574 (-33.7%) Shares 2,521 (-36.0%) Est. Cost $146.85 Unrealized +57.5%

JCI JOHNSON CTLS INTL PLC 0.0%

Value ($000) $435 (-39.7%) Shares 3,636 (-44.7%) Est. Cost $76.07 Unrealized +50.9%

ATO ATMOS ENERGY CORP 0.1%

Value ($000) $4,031 (-6.6%) Shares 24,046 (-4.8%) Est. Cost $140.67 Unrealized +22.5%

HON HONEYWELL INTL INC 0.0%

Value ($000) $1,162 (-19.1%) Shares 5,957 (-12.7%) Est. Cost $197.17 Unrealized -1.1%

MO ALTRIA GROUP INC 0.0%

Value ($000) $802 (-24.7%) Shares 13,904 (-13.7%) Est. Cost $43.17 Unrealized +37.5%

WPM WHEATON PRECIOUS METALS CORP 0.1%

Value ($000) $6,630 (+3.4%) Shares 56,419 (-1.6%) Est. Cost $59.85 Unrealized +78.9%

CNP CENTERPOINT ENERGY INC 0.1%

Value ($000) $6,054 (-3.3%) Shares 157,906 (-2.2%) Est. Cost $28.15 Unrealized +38.0%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $3,260 (-5.9%) Shares 21,389 (-4.1%) Est. Cost $147.90 Unrealized +2.4%

TSCO TRACTOR SUPPLY CO 0.0%

Value ($000) $887 (-18.1%) Shares 17,734 (-6.9%) Est. Cost $53.25 Unrealized +0.9%

FDX FEDEX CORP 0.0%

Value ($000) $1,267 (+15.7%) Shares 4,387 (-5.5%) Est. Cost $223.51 Unrealized +17.0%

BMY BRISTOL-MYERS SQUIBB CO 0.1%

Value ($000) $5,526 (+3.0%) Shares 102,452 (-13.9%) Est. Cost $51.63 Unrealized -7.9%

HSY HERSHEY CO 0.0%

Value ($000) $3,039 (-4.9%) Shares 16,702 (-2.3%) Est. Cost $173.53 Unrealized +4.9%

AWI ARMSTRONG WORLD INDS INC NEW 0.0%

Value ($000) $1,368 (-7.4%) Shares 7,156 (-5.0%) Est. Cost $72.48 Unrealized +163.1%

EQT EQT CORP 0.0%

Value ($000) $1,745 (-4.8%) Shares 32,560 (-3.3%) Est. Cost $41.55 Unrealized +35.1%

HEI/A HEICO CORP NEW 0.0%

Value ($000) $1,118 (-6.7%) Shares 4,428 (-6.1%) Est. Cost $132.91 Unrealized +85.8%

SAIA SAIA INC 0.0%

Value ($000) $1,109 (+2.7%) Shares 3,397 (-5.9%) Est. Cost $423.53 Unrealized -28.6%

WMS ADVANCED DRAIN SYS INC DEL 0.0%

Value ($000) $1,284 (-1.0%) Shares 8,868 (-5.2%) Est. Cost $131.06 Unrealized +10.4%

ACGL ARCH CAP GROUP LTD 0.0%

Value ($000) $2,369 (-0.2%) Shares 24,696 (-5.6%) Est. Cost $67.51 Unrealized +35.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JPM	JPMORGAN CHASE & CO.	215,753 (-41.7%)	$69,520 (-40.5%)	1.1%	$160.56	+92.8%	COM	46625H100
BKNG	BOOKING HOLDINGS INC	5,821 (-49.0%)	$31,173 (-49.4%)	0.5%	$2865.65	+79.3%	COM	09857L108
CARR	CARRIER GLOBAL CORPORATION	472,328 (-43.9%)	$24,958 (-50.4%)	0.4%	$49.96	+11.2%	COM	14448C104
RBLX	ROBLOX CORP	371,525 (-2.5%)	$30,105 (-43.0%)	0.5%	$69.98	+51.7%	CL A	771049103
BX	BLACKSTONE INC	18,447 (-82.7%)	$2,843 (-84.4%)	0.0%	$104.16	+45.4%	COM	09260D107
TCOM	TRIP COM GROUP LTD	645,243 (-19.7%)	$46,399 (-23.2%)	0.7%	$41.79	—	ADS	89677Q107
RACE	FERRARI N V	14,765 (-62.1%)	$5,516 (-70.7%)	0.1%	$414.00	-3.3%	COM	N3167Y103
ALNY	ALNYLAM PHARMACEUTICALS INC	119,352 (-8.0%)	$47,460 (-19.8%)	0.8%	$201.18	+120.0%	COM	02043Q107
HLT	HILTON WORLDWIDE HLDGS INC	19,699 (-69.9%)	$5,659 (-66.6%)	0.1%	$153.47	+77.4%	COM	43300A203
ORCL	ORACLE CORP	7,415 (-83.2%)	$1,445 (-88.4%)	0.0%	$221.78	+7.3%	COM	68389X105
CME	CME GROUP INC	24,873 (-58.6%)	$6,792 (-58.1%)	0.1%	$181.53	+49.1%	COM	12572Q105
CTVA	CORTEVA INC	240,574 (-36.2%)	$16,126 (-36.8%)	0.3%	$59.99	+7.6%	COM	22052L104
GEV	GE VERNOVA INC	35,886 (-31.5%)	$23,454 (-27.2%)	0.4%	$299.52	+103.3%	COM	36828A101
GOOGL	ALPHABET INC	373,142 (-16.2%)	$116,793 (+7.9%)	1.9%	$136.31	+109.5%	CAP STK CL A	02079K305
REGN	REGENERON PHARMACEUTICALS	23,271 (-50.3%)	$17,962 (-31.7%)	0.3%	$802.28	-15.4%	COM	75886F107
NKE	NIKE INC	293,728 (-22.3%)	$18,713 (-29.0%)	0.3%	$83.49	-22.3%	CL B	654106103
MS	MORGAN STANLEY	7,243 (-87.0%)	$1,286 (-85.5%)	0.0%	$94.34	+76.5%	COM NEW	617446448
AON	AON PLC	66,641 (-21.4%)	$23,516 (-22.2%)	0.4%	$302.87	+15.3%	SHS CL A	G0403H108
AMGN	AMGEN INC	87,886 (-29.8%)	$28,766 (-18.5%)	0.5%	$286.00	+10.5%	COM	031162100
KLAC	KLA CORP	33,473 (-23.5%)	$40,672 (-13.8%)	0.7%	$702.40	+66.8%	COM NEW	482480100
SNPS	SYNOPSYS INC	86,420 (-9.2%)	$40,593 (-13.5%)	0.7%	$468.54	-5.2%	COM	871607107
MSTR	STRATEGY INC	10,805 (-52.7%)	$1,642 (-77.7%)	0.0%	$304.79	-24.5%	CL A NEW	594972408
TEAM	ATLASSIAN CORPORATION	31,045 (-53.0%)	$5,034 (-52.3%)	0.1%	$170.29	-7.9%	CL A	049468101
AMX	AMERICA MOVIL SAB DE CV	1,086,490 (-18.4%)	$22,458 (-19.7%)	0.4%	$20.19	—	SPON ADS RP CL B	02390A101
TRP	TC ENERGY CORP	67,048 (-57.2%)	$3,693 (-56.7%)	0.1%	$35.60	+49.9%	COM	87807B107
IR	INGERSOLL RAND INC	457,381 (-5.8%)	$36,234 (-9.6%)	0.6%	$82.11	-3.9%	COM	45687V106
SRE	SEMPRA	154,467 (-20.1%)	$13,638 (-21.6%)	0.2%	$71.88	+26.0%	COM	816851109
URI	UNITED RENTALS INC	7,078 (-23.7%)	$5,728 (-35.3%)	0.1%	$763.11	+13.6%	COM	911363109
FISV	FISERV INC	7,638 (-71.3%)	$513 (-85.1%)	0.0%	$177.03	-52.6%	COM	337738108
IBN	ICICI BANK LIMITED	403,334 (-17.9%)	$12,019 (-19.0%)	0.2%	$21.33	—	ADR	45104G104
MRSH	MARSH & MCLENNAN COS INC	58,099 (-13.9%)	$10,779 (-20.8%)	0.2%	$190.69	-2.2%	COM	571748102
CHTR	CHARTER COMMUNICATIONS INC N	4,979 (-62.7%)	$1,039 (-71.7%)	0.0%	$339.38	-33.7%	CL A	16119P108
HEI	HEICO CORP NEW	79,432 (-8.6%)	$25,703 (-8.4%)	0.4%	$198.38	+59.3%	COM	422806109
ILMN	ILLUMINA INC	105,069 (-13.0%)	$13,781 (+20.2%)	0.2%	$123.90	-5.2%	COM	452327109
DHR	DANAHER CORPORATION	86,363 (-2.7%)	$19,770 (+12.4%)	0.3%	$212.14	+3.5%	COM	235851102
COO	COOPER COS INC	183,595 (-2.3%)	$15,047 (+16.8%)	0.2%	$80.60	-7.1%	COM	216648501
FNV	FRANCO NEV CORP	12,807 (-38.2%)	$2,658 (-42.4%)	0.0%	$129.10	+57.1%	COM	351858105
XPO	XPO INC	45,303 (-25.9%)	$6,157 (-22.1%)	0.1%	$123.02	+10.7%	COM	983793100
CEG	CONSTELLATION ENERGY CORP	26,380 (-20.7%)	$9,319 (-14.8%)	0.1%	$223.38	+62.6%	COM	21037T109
CRSP	CRISPR THERAPEUTICS AG	94,769 (-4.9%)	$4,970 (-23.1%)	0.1%	$61.86	-3.2%	NAMEN AKT	H17182108
BAM	BROOKFIELD ASSET MANAGMT LTD	264,924 (-1.3%)	$13,879 (-9.2%)	0.2%	$35.26	+51.6%	CL A LMT VTG SHS	113004105
BLK	BLACKROCK INC	220 (-83.8%)	$235 (-85.2%)	0.0%	$988.45	+10.2%	COM	09290D101
UBER	UBER TECHNOLOGIES INC	12,836 (-47.4%)	$1,049 (-56.2%)	0.0%	$47.37	+90.1%	COM	90353T100
MNST	MONSTER BEVERAGE CORP NEW	125,457 (-21.5%)	$9,619 (-10.6%)	0.2%	$50.21	+42.7%	COM	61174X109
EOG	EOG RES INC	25,500 (-22.6%)	$2,678 (-27.5%)	0.0%	$121.53	-11.8%	COM	26875P101
ASND	ASCENDIS PHARMA A/S	24,943 (-19.2%)	$5,319 (-13.3%)	0.1%	$147.10	—	SPONSORED ADR	04351P101
ASML	ASML HOLDING N V	52,970 (-10.8%)	$56,670 (-1.4%)	0.9%	$735.94	—	N Y REGISTRY SHS	N07059210
VRTX	VERTEX PHARMACEUTICALS INC	193,438 (-14.3%)	$87,697 (-0.8%)	1.4%	$380.86	+13.2%	COM	92532F100
FCX	FREEPORT-MCMORAN INC	269,439 (-26.4%)	$13,685 (-4.7%)	0.2%	$40.00	+8.3%	CL B	35671D857
EL	LAUDER ESTEE COS INC	104,565 (-20.6%)	$10,950 (-5.7%)	0.2%	$65.41	+48.0%	CL A	518439104
GGB	GERDAU SA	934,528 (-1.8%)	$3,448 (+16.8%)	0.1%	$4.13	—	SPON ADR REP PFD	373737105
PWR	QUANTA SVCS INC	5,081 (-19.9%)	$2,144 (-18.4%)	0.0%	$277.59	+58.2%	COM	74762E102
BA	BOEING CO	99,468 (-2.8%)	$21,596 (-2.2%)	0.3%	$177.67	+15.8%	COM	097023105
CVE	CENOVUS ENERGY INC	1,395,055 (-1.7%)	$23,628 (-1.9%)	0.4%	$17.13	+1.4%	COM	15135U109
TMUS	T-MOBILE US INC	11,446 (-1.8%)	$2,324 (-16.7%)	0.0%	$207.29	+1.9%	COM	872590104
AME	AMETEK INC	12,419 (-21.9%)	$2,550 (-14.8%)	0.0%	$155.15	+25.3%	COM	031100100
BKR	BAKER HUGHES COMPANY	70,937 (-5.2%)	$3,230 (-11.4%)	0.1%	$36.10	+31.1%	CL A	05722G100
PCG	PG&E CORP	36,889 (-41.9%)	$593 (-38.1%)	0.0%	$17.42	-8.6%	COM	69331C108
NCLH	NORWEGIAN CRUISE LINE HLDG L	110,181 (-3.4%)	$2,459 (-12.4%)	0.0%	$19.69	+7.2%	SHS	G66721104
GILD	GILEAD SCIENCES INC	37,350 (-2.1%)	$4,584 (+8.2%)	0.1%	$72.84	+66.0%	COM	375558103
LII	LENNOX INTL INC	4,463 (-6.0%)	$2,167 (-13.7%)	0.0%	$584.55	-14.5%	COM	526107107
ARMK	ARAMARK	114,707 (-3.2%)	$4,228 (-7.1%)	0.1%	$35.91	+5.6%	COM	03852U106
APO	APOLLO GLOBAL MGMT INC	16,211 (-18.1%)	$2,347 (-11.0%)	0.0%	$131.44	+0.9%	COM	03769M106
TEL	TE CONNECTIVITY PLC	2,521 (-36.0%)	$574 (-33.7%)	0.0%	$146.85	+57.5%	ORD SHS	G87052109
JCI	JOHNSON CTLS INTL PLC	3,636 (-44.7%)	$435 (-39.7%)	0.0%	$76.07	+50.9%	SHS	G51502105
ATO	ATMOS ENERGY CORP	24,046 (-4.8%)	$4,031 (-6.6%)	0.1%	$140.67	+22.5%	COM	049560105
HON	HONEYWELL INTL INC	5,957 (-12.7%)	$1,162 (-19.1%)	0.0%	$197.17	-1.1%	COM	438516106
MO	ALTRIA GROUP INC	13,904 (-13.7%)	$802 (-24.7%)	0.0%	$43.17	+37.5%	COM	02209S103
WPM	WHEATON PRECIOUS METALS CORP	56,419 (-1.6%)	$6,630 (+3.4%)	0.1%	$59.85	+78.9%	COM	962879102
CNP	CENTERPOINT ENERGY INC	157,906 (-2.2%)	$6,054 (-3.3%)	0.1%	$28.15	+38.0%	COM	15189T107
CVX	CHEVRON CORP NEW	21,389 (-4.1%)	$3,260 (-5.9%)	0.1%	$147.90	+2.4%	COM	166764100
TSCO	TRACTOR SUPPLY CO	17,734 (-6.9%)	$887 (-18.1%)	0.0%	$53.25	+0.9%	COM	892356106
FDX	FEDEX CORP	4,387 (-5.5%)	$1,267 (+15.7%)	0.0%	$223.51	+17.0%	COM	31428X106
BMY	BRISTOL-MYERS SQUIBB CO	102,452 (-13.9%)	$5,526 (+3.0%)	0.1%	$51.63	-7.9%	COM	110122108
HSY	HERSHEY CO	16,702 (-2.3%)	$3,039 (-4.9%)	0.0%	$173.53	+4.9%	COM	427866108
AWI	ARMSTRONG WORLD INDS INC NEW	7,156 (-5.0%)	$1,368 (-7.4%)	0.0%	$72.48	+163.1%	COM	04247X102
EQT	EQT CORP	32,560 (-3.3%)	$1,745 (-4.8%)	0.0%	$41.55	+35.1%	COM	26884L109
HEI/A	HEICO CORP NEW	4,428 (-6.1%)	$1,118 (-6.7%)	0.0%	$132.91	+85.8%	CL A	422806208
SAIA	SAIA INC	3,397 (-5.9%)	$1,109 (+2.7%)	0.0%	$423.53	-28.6%	COM	78709Y105
WMS	ADVANCED DRAIN SYS INC DEL	8,868 (-5.2%)	$1,284 (-1.0%)	0.0%	$131.06	+10.4%	COM	00790R104
ACGL	ARCH CAP GROUP LTD	24,696 (-5.6%)	$2,369 (-0.2%)	0.0%	$67.51	+35.5%	ORD	G0450A105

Unchanged Positions (57)

AVGO BROADCOM INC 5.7%

Value ($000) $355,412 Shares 1,026,905 Est. Cost $153.83 Unrealized +132.1%

DB DEUTSCHE BANK A G 1.0%

Value ($000) $60,635 Shares 1,559,237 Est. Cost $16.01 Unrealized +125.4%

CB CHUBB LIMITED 0.8%

Value ($000) $51,652 Shares 165,487 Est. Cost $220.99 Unrealized +32.3%

NET CLOUDFLARE INC 0.8%

Value ($000) $48,539 Shares 246,205 Est. Cost $89.56 Unrealized +136.2%

COST COSTCO WHSL CORP NEW 0.9%

Value ($000) $55,824 Shares 64,735 Est. Cost $604.06 Unrealized +49.9%

SPOT SPOTIFY TECHNOLOGY S A 0.2%

Value ($000) $14,181 Shares 24,420 Est. Cost $601.28 Unrealized +4.0%

DBD DIEBOLD NIXDORF INC 0.2%

Value ($000) $12,645 Shares 186,262 Est. Cost $18.98 Unrealized +229.2%

CPNG COUPANG INC 0.1%

Value ($000) $3,529 Shares 149,607 Est. Cost $22.83 Unrealized +24.6%

TBBB BBB FOODS INC 0.1%

Value ($000) $4,290 Shares 128,473 Est. Cost $23.03 Unrealized +29.8%

ALB ALBEMARLE CORP 0.0%

Value ($000) $1,711 Shares 12,099 Est. Cost $86.94 Unrealized +30.3%

YMM FULL TRUCK ALLIANCE CO LTD 0.0%

Value ($000) $2,860 Shares 266,548 Est. Cost $12.97 Unrealized —

PH PARKER-HANNIFIN CORP 0.0%

Value ($000) $2,894 Shares 3,293 Est. Cost $640.31 Unrealized +27.7%

GRFS GRIFOLS S A 0.1%

Value ($000) $6,033 Shares 645,251 Est. Cost $10.09 Unrealized —

BRO BROWN & BROWN INC 0.0%

Value ($000) $1,934 Shares 24,270 Est. Cost $101.82 Unrealized -18.1%

BABA ALIBABA GROUP HLDG LTD 0.0%

Value ($000) $1,495 Shares 10,197 Est. Cost $132.23 Unrealized —

— ALBEMARLE CORP 0.0%

Value ($000) $789 Shares 13,279 Est. Cost $40.74 Unrealized —

ATI ATI INC 0.0%

Value ($000) $980 Shares 8,537 Est. Cost $57.95 Unrealized +68.2%

PGR PROGRESSIVE CORP 0.1%

Value ($000) $3,332 Shares 14,633 Est. Cost $236.52 Unrealized -10.2%

UBS UBS GROUP AG 0.0%

Value ($000) $1,983 Shares 42,498 Est. Cost $24.69 Unrealized +63.6%

UAL UNITED AIRLS HLDGS INC 0.0%

Value ($000) $1,668 Shares 14,914 Est. Cost $58.74 Unrealized +72.0%

ARE ALEXANDRIA REAL ESTATE EQ IN 0.0%

Value ($000) $323 Shares 6,592 Est. Cost $91.01 Unrealized -36.3%

DLTR DOLLAR TREE INC 0.0%

Value ($000) $857 Shares 6,963 Est. Cost $84.07 Unrealized +27.4%

NTES NETEASE INC 0.0%

Value ($000) $1,656 Shares 12,031 Est. Cost $102.02 Unrealized —

GLOB GLOBANT S A 0.0%

Value ($000) $1,501 Shares 22,956 Est. Cost $161.71 Unrealized -61.1%

NUE NUCOR CORP 0.0%

Value ($000) $846 Shares 5,188 Est. Cost $117.16 Unrealized +27.8%

SOBO SOUTH BOW CORP 0.1%

Value ($000) $4,003 Shares 145,403 Est. Cost $24.30 Unrealized +11.8%

MOH MOLINA HEALTHCARE INC 0.0%

Value ($000) $1,216 Shares 7,005 Est. Cost $297.42 Unrealized -44.7%

G GENPACT LIMITED 0.0%

Value ($000) $986 Shares 21,073 Est. Cost $39.96 Unrealized +8.2%

HDB HDFC BANK LTD 0.0%

Value ($000) $1,522 Shares 41,648 Est. Cost $48.73 Unrealized —

EXR EXTRA SPACE STORAGE INC 0.0%

Value ($000) $1,081 Shares 8,304 Est. Cost $144.84 Unrealized -6.8%

AMT AMERICAN TOWER CORP NEW 0.0%

Value ($000) $770 Shares 4,384 Est. Cost $195.40 Unrealized -7.7%

PNC PNC FINL SVCS GROUP INC 0.0%

Value ($000) $1,828 Shares 8,757 Est. Cost $129.72 Unrealized +48.6%

AES AES CORP 0.0%

Value ($000) $770 Shares 53,668 Est. Cost $18.06 Unrealized -22.3%

DRI DARDEN RESTAURANTS INC 0.0%

Value ($000) $1,824 Shares 9,913 Est. Cost $166.04 Unrealized +9.7%

EWBC EAST WEST BANCORP INC 0.0%

Value ($000) $1,182 Shares 10,516 Est. Cost $82.73 Unrealized +27.1%

MTN VAIL RESORTS INC 0.0%

Value ($000) $471 Shares 3,546 Est. Cost $167.85 Unrealized -12.3%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $835 Shares 5,830 Est. Cost $161.57 Unrealized -8.9%

KOF COCA-COLA FEMSA SAB DE CV 0.0%

Value ($000) $481 Shares 5,083 Est. Cost $96.73 Unrealized —

TFC TRUIST FINL CORP 0.0%

Value ($000) $820 Shares 16,657 Est. Cost $42.19 Unrealized +8.5%

UPS UNITED PARCEL SERVICE INC 0.0%

Value ($000) $363 Shares 3,660 Est. Cost $120.70 Unrealized -23.2%

CI THE CIGNA GROUP 0.0%

Value ($000) $1,036 Shares 3,765 Est. Cost $315.12 Unrealized -11.4%

NVO NOVO-NORDISK A S 0.0%

Value ($000) $436 Shares 8,563 Est. Cost $99.46 Unrealized —

TGT TARGET CORP 0.0%

Value ($000) $451 Shares 4,610 Est. Cost $141.95 Unrealized -35.4%

PBR PETROLEO BRASILEIRO SA PETRO 0.0%

Value ($000) $464 Shares 39,177 Est. Cost $12.51 Unrealized —

FE FIRSTENERGY CORP 0.0%

Value ($000) $1,350 Shares 30,151 Est. Cost $38.36 Unrealized +19.2%

GIS GENERAL MLS INC 0.0%

Value ($000) $347 Shares 7,468 Est. Cost $55.34 Unrealized -14.2%

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value ($000) $354 Shares 1,011 Est. Cost $444.03 Unrealized -24.2%

VRSK VERISK ANALYTICS INC 0.0%

Value ($000) $216 Shares 964 Est. Cost $273.52 Unrealized -17.6%

CCI CROWN CASTLE INC 0.0%

Value ($000) $270 Shares 3,041 Est. Cost $89.13 Unrealized +2.2%

SPG SIMON PPTY GROUP INC NEW 0.0%

Value ($000) $1,046 Shares 5,648 Est. Cost $166.31 Unrealized +8.2%

— PG&E CORP 0.0%

Value ($000) $279 Shares 6,800 Est. Cost $44.74 Unrealized —

DIS DISNEY WALT CO 0.0%

Value ($000) $1,366 Shares 12,007 Est. Cost $103.02 Unrealized +6.3%

TW TRADEWEB MKTS INC 0.0%

Value ($000) $258 Shares 2,398 Est. Cost $131.89 Unrealized -18.6%

— MICROCHIP TECHNOLOGY INC. 0.0%

Value ($000) $637 Shares 10,936 Est. Cost $50.33 Unrealized —

— QIAGEN NV 0.0%

Value ($000) $234 Shares 5,131 Est. Cost $39.62 Unrealized —

ADBE ADOBE INC 0.0%

Value ($000) $735 Shares 2,100 Est. Cost $450.90 Unrealized -24.6%

HUM HUMANA INC 0.0%

Value ($000) $244 Shares 952 Est. Cost $261.21 Unrealized +0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	1,026,905	$355,412	5.7%	$153.83	+132.1%	COM	11135F101
DB	DEUTSCHE BANK A G	1,559,237	$60,635	1.0%	$16.01	+125.4%	NAMEN AKT	D18190898
CB	CHUBB LIMITED	165,487	$51,652	0.8%	$220.99	+32.3%	COM	H1467J104
NET	CLOUDFLARE INC	246,205	$48,539	0.8%	$89.56	+136.2%	CL A COM	18915M107
COST	COSTCO WHSL CORP NEW	64,735	$55,824	0.9%	$604.06	+49.9%	COM	22160K105
SPOT	SPOTIFY TECHNOLOGY S A	24,420	$14,181	0.2%	$601.28	+4.0%	SHS	L8681T102
DBD	DIEBOLD NIXDORF INC	186,262	$12,645	0.2%	$18.98	+229.2%	COM SHS	253651202
CPNG	COUPANG INC	149,607	$3,529	0.1%	$22.83	+24.6%	CL A	22266T109
TBBB	BBB FOODS INC	128,473	$4,290	0.1%	$23.03	+29.8%	CL A COM	G0896C103
ALB	ALBEMARLE CORP	12,099	$1,711	0.0%	$86.94	+30.3%	COM	012653101
YMM	FULL TRUCK ALLIANCE CO LTD	266,548	$2,860	0.0%	$12.97	—	SPONSORED ADS	35969L108
PH	PARKER-HANNIFIN CORP	3,293	$2,894	0.0%	$640.31	+27.7%	COM	701094104
GRFS	GRIFOLS S A	645,251	$6,033	0.1%	$10.09	—	SP ADR REP B NVT	398438408
BRO	BROWN & BROWN INC	24,270	$1,934	0.0%	$101.82	-18.1%	COM	115236101
BABA	ALIBABA GROUP HLDG LTD	10,197	$1,495	0.0%	$132.23	—	SPONSORED ADS	01609W102
—	ALBEMARLE CORP	13,279	$789	0.0%	$40.74	—	7.25% DEP SHS A	012653200
ATI	ATI INC	8,537	$980	0.0%	$57.95	+68.2%	COM	01741R102
PGR	PROGRESSIVE CORP	14,633	$3,332	0.1%	$236.52	-10.2%	COM	743315103
UBS	UBS GROUP AG	42,498	$1,983	0.0%	$24.69	+63.6%	SHS	H42097107
UAL	UNITED AIRLS HLDGS INC	14,914	$1,668	0.0%	$58.74	+72.0%	COM	910047109
ARE	ALEXANDRIA REAL ESTATE EQ IN	6,592	$323	0.0%	$91.01	-36.3%	COM	015271109
DLTR	DOLLAR TREE INC	6,963	$857	0.0%	$84.07	+27.4%	COM	256746108
NTES	NETEASE INC	12,031	$1,656	0.0%	$102.02	—	SPONSORED ADS	64110W102
GLOB	GLOBANT S A	22,956	$1,501	0.0%	$161.71	-61.1%	COM	L44385109
NUE	NUCOR CORP	5,188	$846	0.0%	$117.16	+27.8%	COM	670346105
SOBO	SOUTH BOW CORP	145,403	$4,003	0.1%	$24.30	+11.8%	COM	83671M105
MOH	MOLINA HEALTHCARE INC	7,005	$1,216	0.0%	$297.42	-44.7%	COM	60855R100
G	GENPACT LIMITED	21,073	$986	0.0%	$39.96	+8.2%	SHS	G3922B107
HDB	HDFC BANK LTD	41,648	$1,522	0.0%	$48.73	—	SPONSORED ADS	40415F101
EXR	EXTRA SPACE STORAGE INC	8,304	$1,081	0.0%	$144.84	-6.8%	COM	30225T102
AMT	AMERICAN TOWER CORP NEW	4,384	$770	0.0%	$195.40	-7.7%	COM	03027X100
PNC	PNC FINL SVCS GROUP INC	8,757	$1,828	0.0%	$129.72	+48.6%	COM	693475105
AES	AES CORP	53,668	$770	0.0%	$18.06	-22.3%	COM	00130H105
DRI	DARDEN RESTAURANTS INC	9,913	$1,824	0.0%	$166.04	+9.7%	COM	237194105
EWBC	EAST WEST BANCORP INC	10,516	$1,182	0.0%	$82.73	+27.1%	COM	27579R104
MTN	VAIL RESORTS INC	3,546	$471	0.0%	$167.85	-12.3%	COM	91879Q109
PG	PROCTER AND GAMBLE CO	5,830	$835	0.0%	$161.57	-8.9%	COM	742718109
KOF	COCA-COLA FEMSA SAB DE CV	5,083	$481	0.0%	$96.73	—	SPONS ADS REP	191241108
TFC	TRUIST FINL CORP	16,657	$820	0.0%	$42.19	+8.5%	COM	89832Q109
UPS	UNITED PARCEL SERVICE INC	3,660	$363	0.0%	$120.70	-23.2%	CL B	911312106
CI	THE CIGNA GROUP	3,765	$1,036	0.0%	$315.12	-11.4%	COM	125523100
NVO	NOVO-NORDISK A S	8,563	$436	0.0%	$99.46	—	ADR	670100205
TGT	TARGET CORP	4,610	$451	0.0%	$141.95	-35.4%	COM	87612E106
PBR	PETROLEO BRASILEIRO SA PETRO	39,177	$464	0.0%	$12.51	—	SPONSORED ADR	71654V408
FE	FIRSTENERGY CORP	30,151	$1,350	0.0%	$38.36	+19.2%	COM	337932107
GIS	GENERAL MLS INC	7,468	$347	0.0%	$55.34	-14.2%	COM	370334104
ELV	ELEVANCE HEALTH INC FORMERLY	1,011	$354	0.0%	$444.03	-24.2%	COM	036752103
VRSK	VERISK ANALYTICS INC	964	$216	0.0%	$273.52	-17.6%	COM	92345Y106
CCI	CROWN CASTLE INC	3,041	$270	0.0%	$89.13	+2.2%	COM	22822V101
SPG	SIMON PPTY GROUP INC NEW	5,648	$1,046	0.0%	$166.31	+8.2%	COM	828806109
—	PG&E CORP	6,800	$279	0.0%	$44.74	—	PFD CONV SER A	69331C306
DIS	DISNEY WALT CO	12,007	$1,366	0.0%	$103.02	+6.3%	COM	254687106
TW	TRADEWEB MKTS INC	2,398	$258	0.0%	$131.89	-18.6%	CL A	892672106
—	MICROCHIP TECHNOLOGY INC.	10,936	$637	0.0%	$50.33	—	DEP SHS REPSTG	595017302
—	QIAGEN NV	5,131	$234	0.0%	$39.62	—	COM SHS	N72482206
ADBE	ADOBE INC	2,100	$735	0.0%	$450.90	-24.6%	COM	00724F101
HUM	HUMANA INC	952	$244	0.0%	$261.21	+0.0%	COM	444859102