Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TEVJF	TEVA PHARMACEUTICAL INDS LTD	3,502,189	$139M	2.5%	$39.66	$33.71	+15.6%	SHS	M8769Q102
CRM	SALESFORCE INC	251,491	$57.73M	1.0%	$229.57	$206.28	+11.3%	COM	79466L302
OKE	ONEOK INC NEW	641,903	$54.74M	1.0%	$85.27	$85.27	—	COM	30609A109
FCX	FREEPORT MCMORAN INC	569,488	$39.86M	0.7%	$70.00	$68.07	+2.8%	CL B	35671D857
RPRX	ROYALTY PHARMA PLC	600,448	$35.04M	0.6%	$58.36	$59.00	-1.1%	SHS CLASS A	G7709Q104
VTRS	VIATRIS INC	1,679,856	$29.77M	0.5%	$17.72	$16.89	+4.9%	COM	92556V106
SYY	SYSCO CORP	323,307	$25.21M	0.5%	$77.96	$82.16	-5.1%	COM	871829107
MTB	M & T BK CORP	113,370	$24.67M	0.4%	$217.60	$240.65	-9.6%	COM	55261F104
PODD	INSULET CORP	169,144	$22.07M	0.4%	$130.47	$149.68	-12.8%	COM	45784P101
MGA	MAGNA INTL INC	269,968	$17.19M	0.3%	$63.67	$66.61	-4.4%	COM	559222401
UGP	ULTRAPAR PARTICIPACOES SA	839,630	$6.146M	0.1%	$7.32	$6.59	+11.1%	SP ADR REP COM	90400P101
MMYT	MAKEMYTRIP LIMITED MAURITIUS	96,020	$4.532M	0.1%	$47.20	$55.26	-14.6%	SHS	V5633W109
XOM	EXXONMOBIL HOLDINGS CORP	16,625	$2.706M	0.0%	$162.75	$162.75	—	COM SHS	30233Q108
CMCSA	COMCAST CORP NEW	17,457	$380K	0.0%	$21.76	$24.49	-11.1%	CL A	20030N101
LQD	ISHARES TR	2,009	$205K	0.0%	$102.18	$105.98	-3.6%	IBOXX INV CP ETF	464287242

Increased Positions (67)

MSFT MICROSOFT CORP 1.2%

Value $64.9M (+1352.0%) Shares 126,543 (+956.0%) Share Price $512.90 Est. Cost/Share $426.16 Unrealized @ Report Date +20.4%

KLAC KLA CORP 1.4%

Value $75.24M (-30.8%) Shares 385,960 (+7.0%) Share Price $194.93 Est. Cost/Share $1306.88 Unrealized @ Report Date -85.1%

NVDA NVIDIA CORPORATION 0.7%

Value $36.12M (+802.0%) Shares 158,139 (+690.3%) Share Price $228.38 Est. Cost/Share $199.19 Unrealized @ Report Date +14.7%

MPC MARATHON PETE CORP 1.0%

Value $55.74M (+128.4%) Shares 140,968 (+47.7%) Share Price $395.42 Est. Cost/Share $247.19 Unrealized @ Report Date +60.0%

BK BANK OF NY MELLON CORP 1.6%

Value $87.59M (+42.2%) Shares 605,621 (+42.1%) Share Price $144.63 Est. Cost/Share $114.08 Unrealized @ Report Date —

TTE TOTALENERGIES SE 2.0%

Value $110M (+29.1%) Shares 1,291,415 (+17.4%) Share Price $85.53 Est. Cost/Share $66.68 Unrealized @ Report Date +28.2%

SHEL SHELL PLC 1.9%

Value $105M (+29.8%) Shares 1,105,820 (+5.9%) Share Price $95.05 Est. Cost/Share $56.03 Unrealized @ Report Date +69.6%

INCY INCYTE CORP 0.9%

Value $48.94M (+84.2%) Shares 403,260 (+72.1%) Share Price $121.35 Est. Cost/Share $84.89 Unrealized @ Report Date +43.0%

PBR PETROLEO BRASILEIRO S A 1.1%

Value $59.21M (+43.3%) Shares 2,837,211 (+10.9%) Share Price $20.87 Est. Cost/Share $13.90 Unrealized @ Report Date +50.2%

ITUB ITAU UNIBANCO HLDG S A 1.2%

Value $68.09M (+33.1%) Shares 7,982,865 (+27.5%) Share Price $8.53 Est. Cost/Share $5.61 Unrealized @ Report Date +52.1%

CFG CITIZENS FINL GROUP INC 1.7%

Value $92.16M (+22.4%) Shares 1,445,471 (+34.5%) Share Price $63.76 Est. Cost/Share $43.93 Unrealized @ Report Date +45.2%

VLO VALERO ENERGY CORP 0.7%

Value $39.66M (+63.3%) Shares 102,315 (+9.7%) Share Price $387.61 Est. Cost/Share $254.28 Unrealized @ Report Date +52.4%

NEM NEWMONT CORP 0.6%

Value $32.9M (+77.0%) Shares 285,238 (+43.3%) Share Price $115.34 Est. Cost/Share $114.22 Unrealized @ Report Date +1.0%

SNX TD SYNNEX CORPORATION 1.1%

Value $61.07M (+29.7%) Shares 237,748 (+35.0%) Share Price $256.85 Est. Cost/Share $189.94 Unrealized @ Report Date +35.2%

NXPI NXP SEMICONDUCTORS N V 1.9%

Value $104M (-11.5%) Shares 437,178 (+4.7%) Share Price $237.54 Est. Cost/Share $207.26 Unrealized @ Report Date +14.6%

KR KROGER CO 1.2%

Value $64.16M (+23.5%) Shares 1,094,521 (+17.0%) Share Price $58.62 Est. Cost/Share $58.29 Unrealized @ Report Date +0.6%

FICO FAIR ISAAC CORP 0.2%

Value $13.2M (-47.9%) Shares 22,278 (+5.1%) Share Price $592.47 Est. Cost/Share $1118.94 Unrealized @ Report Date -47.1%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.6%

Value $33.47M (+56.1%) Shares 582,633 (+5.3%) Share Price $57.44 Est. Cost/Share $72.42 Unrealized @ Report Date -20.7%

ABBV ABBVIE INC 1.5%

Value $82.45M (+16.0%) Shares 315,176 (+11.6%) Share Price $261.59 Est. Cost/Share $162.26 Unrealized @ Report Date +61.2%

TSCO TRACTOR SUPPLY CO 0.5%

Value $26.37M (+69.8%) Shares 842,918 (+71.5%) Share Price $31.29 Est. Cost/Share $43.40 Unrealized @ Report Date -27.9%

FSLR FIRST SOLAR INC 0.9%

Value $51.25M (-17.3%) Shares 292,611 (+11.4%) Share Price $175.16 Est. Cost/Share $215.13 Unrealized @ Report Date -18.6%

DLR DIGITAL RLTY TR INC 0.5%

Value $26.65M (+63.2%) Shares 151,807 (+67.0%) Share Price $175.53 Est. Cost/Share $161.61 Unrealized @ Report Date —

JBL JABIL INC 1.2%

Value $66.79M (-13.2%) Shares 232,842 (+16.7%) Share Price $286.86 Est. Cost/Share $128.40 Unrealized @ Report Date +123.4%

FMS FRESENIUS MEDICAL CARE AG 0.7%

Value $39.42M (+33.6%) Shares 1,761,483 (+34.9%) Share Price $22.38 Est. Cost/Share $25.11 Unrealized @ Report Date -10.9%

AMP AMERIPRISE FINL INC 0.9%

Value $46.88M (+26.1%) Shares 95,211 (+17.5%) Share Price $492.35 Est. Cost/Share $338.23 Unrealized @ Report Date +45.6%

ADM ARCHER DANIELS MIDLAND CO 0.8%

Value $41.96M (+26.2%) Shares 528,628 (+21.5%) Share Price $79.38 Est. Cost/Share $77.15 Unrealized @ Report Date +2.9%

YUMC YUM CHINA HLDGS INC 1.0%

Value $54.52M (+17.5%) Shares 1,326,422 (+16.8%) Share Price $41.10 Est. Cost/Share $47.31 Unrealized @ Report Date -13.1%

URI UNITED RENTALS INC 1.2%

Value $67.37M (-9.7%) Shares 67,316 (+2.2%) Share Price $1000.79 Est. Cost/Share $276.16 Unrealized @ Report Date +262.4%

IVZ INVESCO LTD 0.6%

Value $30.56M (+28.7%) Shares 1,013,268 (+12.6%) Share Price $30.16 Est. Cost/Share $26.68 Unrealized @ Report Date +13.1%

J JACOBS SOLUTIONS INC 0.8%

Value $45.91M (+17.3%) Shares 339,365 (+9.2%) Share Price $135.27 Est. Cost/Share $98.29 Unrealized @ Report Date +37.6%

CCK CROWN HLDGS INC 0.9%

Value $51.63M (+10.8%) Shares 489,806 (+17.5%) Share Price $105.41 Est. Cost/Share $103.28 Unrealized @ Report Date +2.1%

AIG AMERICAN INTL GROUP INC 0.5%

Value $26.31M (+19.3%) Shares 353,554 (+19.5%) Share Price $74.42 Est. Cost/Share $71.97 Unrealized @ Report Date +3.4%

BKNG BOOKING HOLDINGS INC 0.7%

Value $39.02M (+12.2%) Shares 239,526 (+22.8%) Share Price $162.91 Est. Cost/Share $320.03 Unrealized @ Report Date -49.1%

GM GENERAL MTRS CO 0.5%

Value $26.8M (+17.4%) Shares 348,014 (+17.6%) Share Price $77.00 Est. Cost/Share $51.16 Unrealized @ Report Date +50.5%

GOOGL ALPHABET INC 1.7%

Value $95.42M (+4.3%) Shares 277,308 (+8.3%) Share Price $344.08 Est. Cost/Share $199.01 Unrealized @ Report Date +72.9%

AVGO BROADCOM INC 1.4%

Value $78.76M (+4.4%) Shares 224,276 (+12.3%) Share Price $351.19 Est. Cost/Share $184.22 Unrealized @ Report Date +90.6%

WFC WELLS FARGO & CO 0.5%

Value $25.76M (+14.6%) Shares 321,798 (+18.4%) Share Price $80.05 Est. Cost/Share $62.54 Unrealized @ Report Date +28.0%

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.9%

Value $107M (+2.9%) Shares 235,217 (+7.7%) Share Price $456.21 Est. Cost/Share $138.31 Unrealized @ Report Date +229.8%

PDD PDD HOLDINGS INC 0.5%

Value $26.37M (+10.0%) Shares 338,262 (+7.6%) Share Price $77.94 Est. Cost/Share $123.22 Unrealized @ Report Date -36.7%

IAG IAMGOLD CORP 0.1%

Value $6.569M (+55.9%) Shares 356,820 (+34.2%) Share Price $18.41 Est. Cost/Share $17.57 Unrealized @ Report Date +4.8%

CLX CLOROX CO DEL 0.4%

Value $22.55M (+10.7%) Shares 278,341 (+30.4%) Share Price $81.01 Est. Cost/Share $106.30 Unrealized @ Report Date -23.8%

FTI TECHNIPFMC PLC 1.1%

Value $61.76M (+3.6%) Shares 909,273 (+1.1%) Share Price $67.92 Est. Cost/Share $40.71 Unrealized @ Report Date +66.8%

NTES NETEASE COM INC 0.7%

Value $40.76M (-4.3%) Shares 336,435 (+1.2%) Share Price $121.16 Est. Cost/Share $95.44 Unrealized @ Report Date +26.9%

SSRM SSR MINING IN 0.1%

Value $6.52M (+37.4%) Shares 195,667 (+16.6%) Share Price $33.32 Est. Cost/Share $24.14 Unrealized @ Report Date +38.0%

C CITIGROUP INC 0.5%

Value $24.99M (-6.6%) Shares 193,039 (+1.0%) Share Price $129.48 Est. Cost/Share $103.94 Unrealized @ Report Date +24.6%

KGC KINROSS GOLD CORP 0.1%

Value $5.394M (+43.3%) Shares 223,983 (+40.6%) Share Price $24.08 Est. Cost/Share $30.88 Unrealized @ Report Date -22.0%

CSCO CISCO SYS INC 1.3%

Value $70.39M (+2.3%) Shares 653,989 (+11.6%) Share Price $107.63 Est. Cost/Share $72.69 Unrealized @ Report Date +48.1%

KT KT CORP 0.1%

Value $5.565M (+37.0%) Shares 293,657 (+24.9%) Share Price $18.95 Est. Cost/Share $14.59 Unrealized @ Report Date +29.9%

BALL BALL CORP 0.4%

Value $24.26M (+6.0%) Shares 432,959 (+18.0%) Share Price $56.03 Est. Cost/Share $60.99 Unrealized @ Report Date -8.1%

IBM INTERNATIONAL BUSINESS MACHS 0.7%

Value $41.27M (+2.6%) Shares 187,631 (+31.2%) Share Price $219.93 Est. Cost/Share $157.70 Unrealized @ Report Date +39.5%

SNY SANOFI SA 0.5%

Value $28.11M (-2.2%) Shares 681,878 (+1.1%) Share Price $41.23 Est. Cost/Share $51.15 Unrealized @ Report Date -19.4%

ALKS ALKERMES PLC 0.0%

Value $1.508M (+71.1%) Shares 37,214 (+121.3%) Share Price $40.52 Est. Cost/Share $39.59 Unrealized @ Report Date +2.3%

DECK DECKERS OUTDOOR CORP 0.4%

Value $21.03M (-2.8%) Shares 269,190 (+23.5%) Share Price $78.14 Est. Cost/Share $104.38 Unrealized @ Report Date -25.1%

CCL CARNIVAL CORP LTD 0.1%

Value $4.762M (-10.4%) Shares 194,044 (+4.4%) Share Price $24.54 Est. Cost/Share $28.40 Unrealized @ Report Date —

SYF SYNCHRONY FINANCIAL 0.5%

Value $25.09M (+1.9%) Shares 353,583 (+9.1%) Share Price $70.97 Est. Cost/Share $42.16 Unrealized @ Report Date +68.3%

RELX RELX PLC 0.1%

Value $5.099M (+6.2%) Shares 153,690 (+1.3%) Share Price $33.18 Est. Cost/Share $33.89 Unrealized @ Report Date -2.1%

SLF SUN LIFE FINANCIAL INC. 0.9%

Value $51.73M (+0.5%) Shares 663,428 (+1.1%) Share Price $77.97 Est. Cost/Share $43.32 Unrealized @ Report Date +80.0%

LNC LINCOLN NATL CORP IND 0.0%

Value $1.611M (+15.2%) Shares 40,015 (+1.2%) Share Price $40.26 Est. Cost/Share $22.30 Unrealized @ Report Date +80.6%

BNS BANK NOVA SCOTIA B C 0.0%

Value $1.774M (+5.9%) Shares 19,527 (+1.2%) Share Price $90.84 Est. Cost/Share $46.18 Unrealized @ Report Date +96.7%

PRGO PERRIGO CO PLC 0.0%

Value $253K (+47.8%) Shares 17,135 (+4.0%) Share Price $14.76 Est. Cost/Share $19.77 Unrealized @ Report Date -25.3%

TFC TRUIST FINL CORP 0.0%

Value $912K (-6.0%) Shares 19,688 (+1.2%) Share Price $46.30 Est. Cost/Share $33.85 Unrealized @ Report Date +36.8%

BMY BRISTOL-MYERS SQUIBB CO 0.0%

Value $412K (+12.7%) Shares 6,606 (+4.0%) Share Price $62.40 Est. Cost/Share $52.72 Unrealized @ Report Date +18.4%

PRU PRUDENTIAL FINL INC 0.0%

Value $522K (+9.5%) Shares 4,594 (+4.0%) Share Price $113.58 Est. Cost/Share $103.50 Unrealized @ Report Date +9.7%

OHI OMEGA HEALTHCARE INVS INC 0.0%

Value $1.39M (-1.6%) Shares 30,014 (+1.3%) Share Price $46.31 Est. Cost/Share $31.60 Unrealized @ Report Date —

OTEX OPEN TEXT CORP 0.0%

Value $429K (+5.3%) Shares 19,153 (+4.0%) Share Price $22.42 Est. Cost/Share $22.73 Unrealized @ Report Date -1.3%

NGG NATIONAL GRID PLC 0.0%

Value $398K (-4.8%) Shares 5,244 (+4.0%) Share Price $75.82 Est. Cost/Share $63.09 Unrealized @ Report Date +20.2%

GIS GENERAL MILLS INC 0.0%

Value $262K (-3.9%) Shares 8,151 (+4.0%) Share Price $32.16 Est. Cost/Share $50.96 Unrealized @ Report Date -36.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	126,543 (+956.0%)	$64.9M (+1352.0%)	1.2%	$512.90	$426.16	+20.4%	COM	594918104
KLAC	KLA CORP	385,960 (+7.0%)	$75.24M (-30.8%)	1.4%	$194.93	$1306.88	-85.1%	COM NEW	482480100
NVDA	NVIDIA CORPORATION	158,139 (+690.3%)	$36.12M (+802.0%)	0.7%	$228.38	$199.19	+14.7%	COM	67066G104
MPC	MARATHON PETE CORP	140,968 (+47.7%)	$55.74M (+128.4%)	1.0%	$395.42	$247.19	+60.0%	COM	56585A102
BK	BANK OF NY MELLON CORP	605,621 (+42.1%)	$87.59M (+42.2%)	1.6%	$144.63	$114.08	—	COM	064058100
TTE	TOTALENERGIES SE	1,291,415 (+17.4%)	$110M (+29.1%)	2.0%	$85.53	$66.68	+28.2%	ACT	F92124100
SHEL	SHELL PLC	1,105,820 (+5.9%)	$105M (+29.8%)	1.9%	$95.05	$56.03	+69.6%	SPON ADS	780259305
INCY	INCYTE CORP	403,260 (+72.1%)	$48.94M (+84.2%)	0.9%	$121.35	$84.89	+43.0%	COM	45337C102
PBR	PETROLEO BRASILEIRO S A	2,837,211 (+10.9%)	$59.21M (+43.3%)	1.1%	$20.87	$13.90	+50.2%	SPONSORED ADR	71654V408
ITUB	ITAU UNIBANCO HLDG S A	7,982,865 (+27.5%)	$68.09M (+33.1%)	1.2%	$8.53	$5.61	+52.1%	SPON ADR REP PFD	465562106
CFG	CITIZENS FINL GROUP INC	1,445,471 (+34.5%)	$92.16M (+22.4%)	1.7%	$63.76	$43.93	+45.2%	COM	174610105
VLO	VALERO ENERGY CORP	102,315 (+9.7%)	$39.66M (+63.3%)	0.7%	$387.61	$254.28	+52.4%	COM	91913Y100
NEM	NEWMONT CORP	285,238 (+43.3%)	$32.9M (+77.0%)	0.6%	$115.34	$114.22	+1.0%	COM	651639106
SNX	TD SYNNEX CORPORATION	237,748 (+35.0%)	$61.07M (+29.7%)	1.1%	$256.85	$189.94	+35.2%	COM	87162W100
NXPI	NXP SEMICONDUCTORS N V	437,178 (+4.7%)	$104M (-11.5%)	1.9%	$237.54	$207.26	+14.6%	COM	N6596X109
KR	KROGER CO	1,094,521 (+17.0%)	$64.16M (+23.5%)	1.2%	$58.62	$58.29	+0.6%	COM	501044101
FICO	FAIR ISAAC CORP	22,278 (+5.1%)	$13.2M (-47.9%)	0.2%	$592.47	$1118.94	-47.1%	COM	303250104
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	582,633 (+5.3%)	$33.47M (+56.1%)	0.6%	$57.44	$72.42	-20.7%	CL A	192446102
ABBV	ABBVIE INC	315,176 (+11.6%)	$82.45M (+16.0%)	1.5%	$261.59	$162.26	+61.2%	COM	00287Y109
TSCO	TRACTOR SUPPLY CO	842,918 (+71.5%)	$26.37M (+69.8%)	0.5%	$31.29	$43.40	-27.9%	COM	892356106
FSLR	FIRST SOLAR INC	292,611 (+11.4%)	$51.25M (-17.3%)	0.9%	$175.16	$215.13	-18.6%	COM	336433107
DLR	DIGITAL RLTY TR INC	151,807 (+67.0%)	$26.65M (+63.2%)	0.5%	$175.53	$161.61	—	COM	253868103
JBL	JABIL INC	232,842 (+16.7%)	$66.79M (-13.2%)	1.2%	$286.86	$128.40	+123.4%	COM	466313103
FMS	FRESENIUS MEDICAL CARE AG	1,761,483 (+34.9%)	$39.42M (+33.6%)	0.7%	$22.38	$25.11	-10.9%	SPONSORED ADR	358029106
AMP	AMERIPRISE FINL INC	95,211 (+17.5%)	$46.88M (+26.1%)	0.9%	$492.35	$338.23	+45.6%	COM	03076C106
ADM	ARCHER DANIELS MIDLAND CO	528,628 (+21.5%)	$41.96M (+26.2%)	0.8%	$79.38	$77.15	+2.9%	COM	039483102
YUMC	YUM CHINA HLDGS INC	1,326,422 (+16.8%)	$54.52M (+17.5%)	1.0%	$41.10	$47.31	-13.1%	COM	98850P109
URI	UNITED RENTALS INC	67,316 (+2.2%)	$67.37M (-9.7%)	1.2%	$1000.79	$276.16	+262.4%	COM	911363109
IVZ	INVESCO LTD	1,013,268 (+12.6%)	$30.56M (+28.7%)	0.6%	$30.16	$26.68	+13.1%	SHS	G491BT108
J	JACOBS SOLUTIONS INC	339,365 (+9.2%)	$45.91M (+17.3%)	0.8%	$135.27	$98.29	+37.6%	COM	46982L108
CCK	CROWN HLDGS INC	489,806 (+17.5%)	$51.63M (+10.8%)	0.9%	$105.41	$103.28	+2.1%	COM	228368106
AIG	AMERICAN INTL GROUP INC	353,554 (+19.5%)	$26.31M (+19.3%)	0.5%	$74.42	$71.97	+3.4%	COM NEW	026874784
BKNG	BOOKING HOLDINGS INC	239,526 (+22.8%)	$39.02M (+12.2%)	0.7%	$162.91	$320.03	-49.1%	COM	09857L108
GM	GENERAL MTRS CO	348,014 (+17.6%)	$26.8M (+17.4%)	0.5%	$77.00	$51.16	+50.5%	COM	37045V100
GOOGL	ALPHABET INC	277,308 (+8.3%)	$95.42M (+4.3%)	1.7%	$344.08	$199.01	+72.9%	CAP STK CL A	02079K305
AVGO	BROADCOM INC	224,276 (+12.3%)	$78.76M (+4.4%)	1.4%	$351.19	$184.22	+90.6%	COM	11135F101
WFC	WELLS FARGO & CO	321,798 (+18.4%)	$25.76M (+14.6%)	0.5%	$80.05	$62.54	+28.0%	COM	949746101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	235,217 (+7.7%)	$107M (+2.9%)	1.9%	$456.21	$138.31	+229.8%	SPONSORED ADS	874039100
PDD	PDD HOLDINGS INC	338,262 (+7.6%)	$26.37M (+10.0%)	0.5%	$77.94	$123.22	-36.7%	SPONSORED ADS	722304102
IAG	IAMGOLD CORP	356,820 (+34.2%)	$6.569M (+55.9%)	0.1%	$18.41	$17.57	+4.8%	COM	450913108
CLX	CLOROX CO DEL	278,341 (+30.4%)	$22.55M (+10.7%)	0.4%	$81.01	$106.30	-23.8%	COM	189054109
FTI	TECHNIPFMC PLC	909,273 (+1.1%)	$61.76M (+3.6%)	1.1%	$67.92	$40.71	+66.8%	COM	G87110105
NTES	NETEASE COM INC	336,435 (+1.2%)	$40.76M (-4.3%)	0.7%	$121.16	$95.44	+26.9%	SPONSORED ADS	64110W102
SSRM	SSR MINING IN	195,667 (+16.6%)	$6.52M (+37.4%)	0.1%	$33.32	$24.14	+38.0%	COM	784730103
C	CITIGROUP INC	193,039 (+1.0%)	$24.99M (-6.6%)	0.5%	$129.48	$103.94	+24.6%	COM NEW	172967424
KGC	KINROSS GOLD CORP	223,983 (+40.6%)	$5.394M (+43.3%)	0.1%	$24.08	$30.88	-22.0%	COM	496902404
CSCO	CISCO SYS INC	653,989 (+11.6%)	$70.39M (+2.3%)	1.3%	$107.63	$72.69	+48.1%	COM	17275R102
KT	KT CORP	293,657 (+24.9%)	$5.565M (+37.0%)	0.1%	$18.95	$14.59	+29.9%	SPONSORED ADR	48268K101
BALL	BALL CORP	432,959 (+18.0%)	$24.26M (+6.0%)	0.4%	$56.03	$60.99	-8.1%	COM	058498106
IBM	INTERNATIONAL BUSINESS MACHS	187,631 (+31.2%)	$41.27M (+2.6%)	0.7%	$219.93	$157.70	+39.5%	COM	459200101
SNY	SANOFI SA	681,878 (+1.1%)	$28.11M (-2.2%)	0.5%	$41.23	$51.15	-19.4%	SPONSORED ADR	80105N105
ALKS	ALKERMES PLC	37,214 (+121.3%)	$1.508M (+71.1%)	0.0%	$40.52	$39.59	+2.3%	SHS	G01767105
DECK	DECKERS OUTDOOR CORP	269,190 (+23.5%)	$21.03M (-2.8%)	0.4%	$78.14	$104.38	-25.1%	COM	243537107
CCL	CARNIVAL CORP LTD	194,044 (+4.4%)	$4.762M (-10.4%)	0.1%	$24.54	$28.40	—	COMMON SHARES	G2004J103
SYF	SYNCHRONY FINANCIAL	353,583 (+9.1%)	$25.09M (+1.9%)	0.5%	$70.97	$42.16	+68.3%	COM	87165B103
RELX	RELX PLC	153,690 (+1.3%)	$5.099M (+6.2%)	0.1%	$33.18	$33.89	-2.1%	SPONSORED ADR	759530108
SLF	SUN LIFE FINANCIAL INC.	663,428 (+1.1%)	$51.73M (+0.5%)	0.9%	$77.97	$43.32	+80.0%	COM	866796105
LNC	LINCOLN NATL CORP IND	40,015 (+1.2%)	$1.611M (+15.2%)	0.0%	$40.26	$22.30	+80.6%	COM	534187109
BNS	BANK NOVA SCOTIA B C	19,527 (+1.2%)	$1.774M (+5.9%)	0.0%	$90.84	$46.18	+96.7%	COM	064149107
PRGO	PERRIGO CO PLC	17,135 (+4.0%)	$253K (+47.8%)	0.0%	$14.76	$19.77	-25.3%	SHS	G97822103
TFC	TRUIST FINL CORP	19,688 (+1.2%)	$912K (-6.0%)	0.0%	$46.30	$33.85	+36.8%	COM	89832Q109
BMY	BRISTOL-MYERS SQUIBB CO	6,606 (+4.0%)	$412K (+12.7%)	0.0%	$62.40	$52.72	+18.4%	COM	110122108
PRU	PRUDENTIAL FINL INC	4,594 (+4.0%)	$522K (+9.5%)	0.0%	$113.58	$103.50	+9.7%	COM	744320102
OHI	OMEGA HEALTHCARE INVS INC	30,014 (+1.3%)	$1.39M (-1.6%)	0.0%	$46.31	$31.60	—	COM	681936100
OTEX	OPEN TEXT CORP	19,153 (+4.0%)	$429K (+5.3%)	0.0%	$22.42	$22.73	-1.3%	COM	683715106
NGG	NATIONAL GRID PLC	5,244 (+4.0%)	$398K (-4.8%)	0.0%	$75.82	$63.09	+20.2%	SPONSORED ADR NE	636274409
GIS	GENERAL MILLS INC	8,151 (+4.0%)	$262K (-3.9%)	0.0%	$32.16	$50.96	-36.9%	COM	370334104

Exited Positions (20)

TEVA TEVA PHARMACEUTICAL INDS LTD 2.3%

Value $128M Shares 3,790,007 Share Price $33.88 * Est. Cost/Share $17.65 Unrealized @ Report Date +124.4%

MU MICRON TECHNOLOGY INC 1.3%

Value $71.02M Shares 61,527 Share Price $1154.29 * Est. Cost/Share $391.96 Unrealized @ Report Date +171.7%

OKE ONEOK INC NEW 0.9%

Value $47.95M Shares 551,498 Share Price $86.94 Est. Cost/Share $74.25 Unrealized @ Report Date +14.8%

SRE SEMPRA 0.6%

Value $33.88M Shares 365,457 Share Price $92.71 * Est. Cost/Share $72.95 Unrealized @ Report Date +6.9%

NTAP NETAPP INC 0.6%

Value $33.52M Shares 216,618 Share Price $154.76 * Est. Cost/Share $94.61 Unrealized @ Report Date +122.0%

MGM MGM RESORTS INTERNATIONAL 0.5%

Value $28.66M Shares 599,485 Share Price $47.81 * Est. Cost/Share $31.90 Unrealized @ Report Date -2.7%

TGT TARGET CORP 0.4%

Value $23.82M Shares 182,376 Share Price $130.61 * Est. Cost/Share $112.77 Unrealized @ Report Date +38.9%

APO APOLLO GLOBAL MGMT INC 0.4%

Value $21.35M Shares 180,467 Share Price $118.31 Est. Cost/Share $112.70 Unrealized @ Report Date +3.0%

ORCL ORACLE CORP 0.3%

Value $14.39M Shares 98,175 Share Price $146.55 * Est. Cost/Share $104.71 Unrealized @ Report Date +31.1%

JD JD.COM INC 0.2%

Value $12.91M Shares 506,811 Share Price $25.48 * Est. Cost/Share $35.83 Unrealized @ Report Date -25.8%

ACWX ISHARES TR 0.2%

Value $10.13M Shares 133,091 Share Price $76.11 Est. Cost/Share $66.89 Unrealized @ Report Date +13.1%

ALV AUTOLIV INC 0.1%

Value $5.707M Shares 49,126 Share Price $116.17 * Est. Cost/Share $100.94 Unrealized @ Report Date +10.8%

HBM HUDBAY MINERALS INC 0.1%

Value $5.048M Shares 213,822 Share Price $23.61 * Est. Cost/Share $23.36 Unrealized @ Report Date +14.2%

BP BP PLC 0.1%

Value $4.328M Shares 117,135 Share Price $36.95 * Est. Cost/Share $31.53 Unrealized @ Report Date +39.5%

GFI GOLD FIELDS LTD 0.1%

Value $3.679M Shares 109,520 Share Price $33.59 * Est. Cost/Share $41.78 Unrealized @ Report Date -13.5%

XOM EXXON MOBIL CORP 0.0%

Value $2.273M Shares 16,625 Share Price $136.72 * Est. Cost/Share $99.90 Unrealized @ Report Date +62.9%

SPY STATE STR SPDR S&P 500 ETF T 0.0%

Value $512K Shares 685 Share Price $746.77 * Est. Cost/Share $648.33 Unrealized @ Report Date +17.6%

CWI SPDR INDEX SHS FDS 0.0%

Value $345K Shares 8,483 Share Price $40.67 Est. Cost/Share $36.50 Unrealized @ Report Date +10.7%

CAG CONAGRA BRANDS INC 0.0%

Value $333K Shares 24,755 Share Price $13.46 Est. Cost/Share $17.57 Unrealized @ Report Date -23.5%

LLY ELI LILLY & CO 0.0%

Value $243K Shares 203 Share Price $1199.43 * Est. Cost/Share $1021.74 Unrealized @ Report Date +13.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TEVA	TEVA PHARMACEUTICAL INDS LTD	3,790,007	$128M	2.3%	$33.88 *	$17.65	+124.4%	—	881624209
MU	MICRON TECHNOLOGY INC	61,527	$71.02M	1.3%	$1154.29 *	$391.96	+171.7%	—	595112103
OKE	ONEOK INC NEW	551,498	$47.95M	0.9%	$86.94	$74.25	+14.8%	—	682680103
SRE	SEMPRA	365,457	$33.88M	0.6%	$92.71 *	$72.95	+6.9%	—	816851109
NTAP	NETAPP INC	216,618	$33.52M	0.6%	$154.76 *	$94.61	+122.0%	—	64110D104
MGM	MGM RESORTS INTERNATIONAL	599,485	$28.66M	0.5%	$47.81 *	$31.90	-2.7%	—	552953101
TGT	TARGET CORP	182,376	$23.82M	0.4%	$130.61 *	$112.77	+38.9%	—	87612E106
APO	APOLLO GLOBAL MGMT INC	180,467	$21.35M	0.4%	$118.31	$112.70	+3.0%	—	03769M106
ORCL	ORACLE CORP	98,175	$14.39M	0.3%	$146.55 *	$104.71	+31.1%	—	68389X105
JD	JD.COM INC	506,811	$12.91M	0.2%	$25.48 *	$35.83	-25.8%	—	47215P106
ACWX	ISHARES TR	133,091	$10.13M	0.2%	$76.11	$66.89	+13.1%	—	464288240
ALV	AUTOLIV INC	49,126	$5.707M	0.1%	$116.17 *	$100.94	+10.8%	—	052800109
HBM	HUDBAY MINERALS INC	213,822	$5.048M	0.1%	$23.61 *	$23.36	+14.2%	—	443628102
BP	BP PLC	117,135	$4.328M	0.1%	$36.95 *	$31.53	+39.5%	—	055622104
GFI	GOLD FIELDS LTD	109,520	$3.679M	0.1%	$33.59 *	$41.78	-13.5%	—	38059T106
XOM	EXXON MOBIL CORP	16,625	$2.273M	0.0%	$136.72 *	$99.90	+62.9%	—	30231G102
SPY	STATE STR SPDR S&P 500 ETF T	685	$512K	0.0%	$746.77 *	$648.33	+17.6%	—	78462F103
CWI	SPDR INDEX SHS FDS	8,483	$345K	0.0%	$40.67	$36.50	+10.7%	—	78463X848
CAG	CONAGRA BRANDS INC	24,755	$333K	0.0%	$13.46	$17.57	-23.5%	—	205887102
LLY	ELI LILLY & CO	203	$243K	0.0%	$1199.43 *	$1021.74	+13.2%	—	532457108

Decreased Positions (50)

HCA HCA HEALTHCARE INC 0.0%

Value $320K (-99.5%) Shares 750 (-99.5%) Share Price $426.74 Est. Cost/Share $343.68 Unrealized @ Report Date +24.2%

AMGN AMGEN INC 0.0%

Value $2.004M (-94.9%) Shares 4,755 (-95.6%) Share Price $421.51 Est. Cost/Share $149.41 Unrealized @ Report Date +182.1%

NRG NRG ENERGY INC 0.3%

Value $18.57M (-63.3%) Shares 194,142 (-43.9%) Share Price $95.65 Est. Cost/Share $125.72 Unrealized @ Report Date -23.9%

QCOM QUALCOMM INC 0.8%

Value $42.16M (-38.7%) Shares 229,060 (-38.4%) Share Price $184.04 Est. Cost/Share $116.91 Unrealized @ Report Date +57.4%

TPR TAPESTRY INC 0.7%

Value $36.45M (-41.8%) Shares 316,831 (-26.0%) Share Price $115.04 Est. Cost/Share $57.86 Unrealized @ Report Date +98.8%

CMI CUMMINS INC 0.9%

Value $49.21M (-33.8%) Shares 95,262 (-8.6%) Share Price $516.57 Est. Cost/Share $209.69 Unrealized @ Report Date +146.4%

APTV APTIV PLC 0.1%

Value $3.842M (-86.2%) Shares 89,299 (-80.4%) Share Price $43.02 Est. Cost/Share $74.66 Unrealized @ Report Date -42.4%

PH PARKER-HANNIFIN CORP 0.6%

Value $32.56M (-41.6%) Shares 34,081 (-40.2%) Share Price $955.43 Est. Cost/Share $339.06 Unrealized @ Report Date +181.8%

CRH CRH PLC 0.4%

Value $23.78M (-48.0%) Shares 287,224 (-32.9%) Share Price $82.80 Est. Cost/Share $54.36 Unrealized @ Report Date +52.3%

DKS DICKS SPORTING GOODS INC 0.4%

Value $22.02M (-49.1%) Shares 163,967 (-14.0%) Share Price $134.29 Est. Cost/Share $131.85 Unrealized @ Report Date +1.9%

SAN BANCO SANTANDER SA 1.3%

Value $70.04M (-22.1%) Shares 5,064,127 (-22.2%) Share Price $13.83 Est. Cost/Share $3.86 Unrealized @ Report Date +258.6%

DELL DELL TECHNOLOGIES INC 2.1%

Value $113M (-14.6%) Shares 210,414 (-31.5%) Share Price $537.95 Est. Cost/Share $70.63 Unrealized @ Report Date +661.7%

BTI BRITISH AMERN TOB PLC 0.7%

Value $35.97M (-28.5%) Shares 661,289 (-18.9%) Share Price $54.40 Est. Cost/Share $39.66 Unrealized @ Report Date +37.2%

BCS BARCLAYS PLC 1.1%

Value $58.92M (-18.1%) Shares 2,427,806 (-9.4%) Share Price $24.27 Est. Cost/Share $8.84 Unrealized @ Report Date +174.6%

ING ING GROEP N.V. 1.3%

Value $73.33M (-14.5%) Shares 2,065,595 (-24.5%) Share Price $35.50 Est. Cost/Share $12.04 Unrealized @ Report Date +194.8%

NWG NATWEST GROUP PLC 1.0%

Value $56.38M (-17.9%) Shares 3,106,431 (-20.3%) Share Price $18.15 Est. Cost/Share $6.97 Unrealized @ Report Date +160.2%

GEN GEN DIGITAL INC 0.8%

Value $41.89M (-22.7%) Shares 1,902,206 (-12.6%) Share Price $22.02 Est. Cost/Share $25.59 Unrealized @ Report Date -14.0%

AKAM AKAMAI TECHNOLOGIES INC 0.5%

Value $25.6M (-32.0%) Shares 240,693 (-24.4%) Share Price $106.35 Est. Cost/Share $88.82 Unrealized @ Report Date +19.7%

DVA DAVITA INC 0.4%

Value $21.21M (-35.1%) Shares 121,261 (-17.5%) Share Price $174.92 Est. Cost/Share $135.49 Unrealized @ Report Date +29.1%

VALE VALE S A 1.3%

Value $70.84M (-12.0%) Shares 5,282,888 (-1.3%) Share Price $13.41 Est. Cost/Share $12.55 Unrealized @ Report Date +6.8%

TXT TEXTRON INC 0.8%

Value $41.43M (-18.1%) Shares 543,661 (-1.4%) Share Price $76.20 Est. Cost/Share $83.22 Unrealized @ Report Date -8.4%

MS MORGAN STANLEY 1.3%

Value $71.14M (-11.2%) Shares 378,249 (-1.3%) Share Price $188.08 Est. Cost/Share $45.64 Unrealized @ Report Date +312.1%

HII HUNTINGTON INGALLS INDS INC 0.5%

Value $27.21M (-24.5%) Shares 101,869 (-20.9%) Share Price $267.07 Est. Cost/Share $249.67 Unrealized @ Report Date +7.0%

GILD GILEAD SCIENCES INC 1.1%

Value $62.14M (+16.5%) Shares 416,877 (-1.2%) Share Price $149.05 Est. Cost/Share $102.20 Unrealized @ Report Date +45.8%

SNN SMITH & NEPHEW PLC 0.5%

Value $28.91M (-19.8%) Shares 1,072,321 (-14.3%) Share Price $26.96 Est. Cost/Share $34.31 Unrealized @ Report Date -21.4%

FITB FIFTH THIRD BANCORP 1.0%

Value $53.28M (-11.4%) Shares 1,053,397 (-1.3%) Share Price $50.58 Est. Cost/Share $31.51 Unrealized @ Report Date +60.5%

MCK MCKESSON CORP 0.7%

Value $36.78M (-14.5%) Shares 43,079 (-24.3%) Share Price $853.80 Est. Cost/Share $580.29 Unrealized @ Report Date +47.1%

BWA BORGWARNER INC 0.9%

Value $50.16M (-10.6%) Shares 834,409 (-1.2%) Share Price $60.11 Est. Cost/Share $41.69 Unrealized @ Report Date +44.2%

AXP AMERICAN EXPRESS CO 0.7%

Value $40.86M (-11.2%) Shares 134,362 (-1.3%) Share Price $304.10 Est. Cost/Share $178.40 Unrealized @ Report Date +70.5%

MO ALTRIA GROUP INC 1.0%

Value $54.81M (-7.6%) Shares 813,882 (-1.3%) Share Price $67.34 Est. Cost/Share $39.29 Unrealized @ Report Date +71.4%

GL GLOBE LIFE INC 0.4%

Value $24.64M (-13.0%) Shares 148,752 (-6.2%) Share Price $165.65 Est. Cost/Share $135.67 Unrealized @ Report Date +22.1%

VZ VERIZON COMMUNICATIONS INC 0.8%

Value $45.53M (+7.0%) Shares 992,588 (-1.3%) Share Price $45.87 Est. Cost/Share $41.28 Unrealized @ Report Date +11.1%

NVO NOVO-NORDISK A S 0.1%

Value $3.851M (-40.3%) Shares 101,570 (-24.5%) Share Price $37.91 Est. Cost/Share $42.96 Unrealized @ Report Date -11.8%

FLEX FLEX LTD 0.0%

Value $684K (-74.1%) Shares 6,218 (-61.8%) Share Price $109.99 Est. Cost/Share $26.58 Unrealized @ Report Date +313.9%

STT STATE STR CORP 0.5%

Value $27.68M (-5.7%) Shares 158,517 (-8.4%) Share Price $174.59 Est. Cost/Share $72.32 Unrealized @ Report Date +141.4%

FRO FRONTLINE PLC 0.1%

Value $6.774M (+29.1%) Shares 137,480 (-8.8%) Share Price $49.27 Est. Cost/Share $36.75 Unrealized @ Report Date +34.1%

MUFG MITSUBISHI UFJ FINANCIAL GRO 1.4%

Value $78.66M (-1.8%) Shares 3,409,544 (-15.4%) Share Price $23.07 Est. Cost/Share $6.14 Unrealized @ Report Date +275.6%

MDT MEDTRONIC PLC 1.2%

Value $67.88M (+2.2%) Shares 786,687 (-7.4%) Share Price $86.29 Est. Cost/Share $89.13 Unrealized @ Report Date -3.2%

KB KB FINL GROUP INC 1.1%

Value $58.4M (+0.9%) Shares 474,403 (-13.9%) Share Price $123.10 Est. Cost/Share $42.69 Unrealized @ Report Date +188.3%

NVR NVR INC 0.0%

Value $1.889M (-14.9%) Shares 307 (-5.8%) Share Price $6154.39 Est. Cost/Share $5870.94 Unrealized @ Report Date +4.8%

PFE PFIZER INC 0.0%

Value $349K (-47.9%) Shares 12,237 (-56.0%) Share Price $28.52 Est. Cost/Share $26.53 Unrealized @ Report Date +7.5%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.6%

Value $31.23M (+0.9%) Shares 477,773 (-1.2%) Share Price $65.37 Est. Cost/Share $75.63 Unrealized @ Report Date -13.6%

MUB ISHARES TR 0.0%

Value $1.438M (-14.6%) Shares 14,228 (-9.1%) Share Price $101.10 Est. Cost/Share $107.06 Unrealized @ Report Date -5.6%

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value $1.1M (-10.6%) Shares 2,828 (-11.1%) Share Price $388.82 Est. Cost/Share $341.64 Unrealized @ Report Date +13.8%

JPM JPMORGAN CHASE & CO 1.4%

Value $79.8M (-0.2%) Shares 241,203 (-1.2%) Share Price $330.83 Est. Cost/Share $168.91 Unrealized @ Report Date +95.9%

BBVA BANCO BILBAO VIZCAYA ARGENTA 0.1%

Value $5.63M (-1.3%) Shares 202,014 (-11.2%) Share Price $27.87 Est. Cost/Share $23.11 Unrealized @ Report Date +20.6%

PHG KONINKLIJKE PHILIPS N V 0.0%

Value $443K (-11.2%) Shares 18,149 (-1.1%) Share Price $24.43 Est. Cost/Share $22.24 Unrealized @ Report Date +9.9%

SJM SMUCKER J M CO 0.0%

Value $1.309M (-3.8%) Shares 11,006 (-9.0%) Share Price $118.91 Est. Cost/Share $104.21 Unrealized @ Report Date +14.1%

JAZZ JAZZ PHARMACEUTICALS PLC 0.0%

Value $379K (-5.0%) Shares 1,635 (-1.1%) Share Price $231.52 Est. Cost/Share $119.94 Unrealized @ Report Date +93.0%

JCI JOHNSON CONTROLS INTERNATION 0.0%

Value $400K (+0.6%) Shares 2,693 (-1.1%) Share Price $148.65 Est. Cost/Share $57.92 Unrealized @ Report Date +156.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HCA	HCA HEALTHCARE INC	750 (-99.5%)	$320K (-99.5%)	0.0%	$426.74	$343.68	+24.2%	COM	40412C101
AMGN	AMGEN INC	4,755 (-95.6%)	$2.004M (-94.9%)	0.0%	$421.51	$149.41	+182.1%	COM	031162100
NRG	NRG ENERGY INC	194,142 (-43.9%)	$18.57M (-63.3%)	0.3%	$95.65	$125.72	-23.9%	COM NEW	629377508
QCOM	QUALCOMM INC	229,060 (-38.4%)	$42.16M (-38.7%)	0.8%	$184.04	$116.91	+57.4%	COM	747525103
TPR	TAPESTRY INC	316,831 (-26.0%)	$36.45M (-41.8%)	0.7%	$115.04	$57.86	+98.8%	COM	876030107
CMI	CUMMINS INC	95,262 (-8.6%)	$49.21M (-33.8%)	0.9%	$516.57	$209.69	+146.4%	COM	231021106
APTV	APTIV PLC	89,299 (-80.4%)	$3.842M (-86.2%)	0.1%	$43.02	$74.66	-42.4%	COM SHS	G3265R107
PH	PARKER-HANNIFIN CORP	34,081 (-40.2%)	$32.56M (-41.6%)	0.6%	$955.43	$339.06	+181.8%	COM	701094104
CRH	CRH PLC	287,224 (-32.9%)	$23.78M (-48.0%)	0.4%	$82.80	$54.36	+52.3%	ORD	G25508105
DKS	DICKS SPORTING GOODS INC	163,967 (-14.0%)	$22.02M (-49.1%)	0.4%	$134.29	$131.85	+1.9%	COM	253393102
SAN	BANCO SANTANDER SA	5,064,127 (-22.2%)	$70.04M (-22.1%)	1.3%	$13.83	$3.86	+258.6%	ADR	05964H105
DELL	DELL TECHNOLOGIES INC	210,414 (-31.5%)	$113M (-14.6%)	2.1%	$537.95	$70.63	+661.7%	CL C	24703L202
BTI	BRITISH AMERN TOB PLC	661,289 (-18.9%)	$35.97M (-28.5%)	0.7%	$54.40	$39.66	+37.2%	SPONSORED ADR	110448107
BCS	BARCLAYS PLC	2,427,806 (-9.4%)	$58.92M (-18.1%)	1.1%	$24.27	$8.84	+174.6%	ADR	06738E204
ING	ING GROEP N.V.	2,065,595 (-24.5%)	$73.33M (-14.5%)	1.3%	$35.50	$12.04	+194.8%	SPONSORED ADR	456837103
NWG	NATWEST GROUP PLC	3,106,431 (-20.3%)	$56.38M (-17.9%)	1.0%	$18.15	$6.97	+160.2%	SPONS ADR	639057207
GEN	GEN DIGITAL INC	1,902,206 (-12.6%)	$41.89M (-22.7%)	0.8%	$22.02	$25.59	-14.0%	COM	668771108
AKAM	AKAMAI TECHNOLOGIES INC	240,693 (-24.4%)	$25.6M (-32.0%)	0.5%	$106.35	$88.82	+19.7%	COM	00971T101
DVA	DAVITA INC	121,261 (-17.5%)	$21.21M (-35.1%)	0.4%	$174.92	$135.49	+29.1%	COM	23918K108
VALE	VALE S A	5,282,888 (-1.3%)	$70.84M (-12.0%)	1.3%	$13.41	$12.55	+6.8%	SPONSORED ADS	91912E105
TXT	TEXTRON INC	543,661 (-1.4%)	$41.43M (-18.1%)	0.8%	$76.20	$83.22	-8.4%	COM	883203101
MS	MORGAN STANLEY	378,249 (-1.3%)	$71.14M (-11.2%)	1.3%	$188.08	$45.64	+312.1%	COM NEW	617446448
HII	HUNTINGTON INGALLS INDS INC	101,869 (-20.9%)	$27.21M (-24.5%)	0.5%	$267.07	$249.67	+7.0%	COM	446413106
GILD	GILEAD SCIENCES INC	416,877 (-1.2%)	$62.14M (+16.5%)	1.1%	$149.05	$102.20	+45.8%	COM	375558103
SNN	SMITH & NEPHEW PLC	1,072,321 (-14.3%)	$28.91M (-19.8%)	0.5%	$26.96	$34.31	-21.4%	SPDN ADR NEW	83175M205
FITB	FIFTH THIRD BANCORP	1,053,397 (-1.3%)	$53.28M (-11.4%)	1.0%	$50.58	$31.51	+60.5%	COM	316773100
MCK	MCKESSON CORP	43,079 (-24.3%)	$36.78M (-14.5%)	0.7%	$853.80	$580.29	+47.1%	COM	58155Q103
BWA	BORGWARNER INC	834,409 (-1.2%)	$50.16M (-10.6%)	0.9%	$60.11	$41.69	+44.2%	COM	099724106
AXP	AMERICAN EXPRESS CO	134,362 (-1.3%)	$40.86M (-11.2%)	0.7%	$304.10	$178.40	+70.5%	COM	025816109
MO	ALTRIA GROUP INC	813,882 (-1.3%)	$54.81M (-7.6%)	1.0%	$67.34	$39.29	+71.4%	COM	02209S103
GL	GLOBE LIFE INC	148,752 (-6.2%)	$24.64M (-13.0%)	0.4%	$165.65	$135.67	+22.1%	COM	37959E102
VZ	VERIZON COMMUNICATIONS INC	992,588 (-1.3%)	$45.53M (+7.0%)	0.8%	$45.87	$41.28	+11.1%	COM	92343V104
NVO	NOVO-NORDISK A S	101,570 (-24.5%)	$3.851M (-40.3%)	0.1%	$37.91	$42.96	-11.8%	ADR	670100205
FLEX	FLEX LTD	6,218 (-61.8%)	$684K (-74.1%)	0.0%	$109.99	$26.58	+313.9%	ORD	Y2573F102
STT	STATE STR CORP	158,517 (-8.4%)	$27.68M (-5.7%)	0.5%	$174.59	$72.32	+141.4%	COM	857477103
FRO	FRONTLINE PLC	137,480 (-8.8%)	$6.774M (+29.1%)	0.1%	$49.27	$36.75	+34.1%	COM	M46528101
MUFG	MITSUBISHI UFJ FINANCIAL GRO	3,409,544 (-15.4%)	$78.66M (-1.8%)	1.4%	$23.07	$6.14	+275.6%	SPONSORED ADS	606822104
MDT	MEDTRONIC PLC	786,687 (-7.4%)	$67.88M (+2.2%)	1.2%	$86.29	$89.13	-3.2%	SHS	G5960L103
KB	KB FINL GROUP INC	474,403 (-13.9%)	$58.4M (+0.9%)	1.1%	$123.10	$42.69	+188.3%	SPONSORED ADR	48241A105
NVR	NVR INC	307 (-5.8%)	$1.889M (-14.9%)	0.0%	$6154.39	$5870.94	+4.8%	COM	62944T105
PFE	PFIZER INC	12,237 (-56.0%)	$349K (-47.9%)	0.0%	$28.52	$26.53	+7.5%	COM	717081103
GEHC	GE HEALTHCARE TECHNOLOGIES I	477,773 (-1.2%)	$31.23M (+0.9%)	0.6%	$65.37	$75.63	-13.6%	COMMON STOCK	36266G107
MUB	ISHARES TR	14,228 (-9.1%)	$1.438M (-14.6%)	0.0%	$101.10	$107.06	-5.6%	NATIONAL MUN ETF	464288414
ELV	ELEVANCE HEALTH INC FORMERLY	2,828 (-11.1%)	$1.1M (-10.6%)	0.0%	$388.82	$341.64	+13.8%	COM	036752103
JPM	JPMORGAN CHASE & CO	241,203 (-1.2%)	$79.8M (-0.2%)	1.4%	$330.83	$168.91	+95.9%	COM	46625H100
BBVA	BANCO BILBAO VIZCAYA ARGENTA	202,014 (-11.2%)	$5.63M (-1.3%)	0.1%	$27.87	$23.11	+20.6%	SPONSORED ADR	05946K101
PHG	KONINKLIJKE PHILIPS N V	18,149 (-1.1%)	$443K (-11.2%)	0.0%	$24.43	$22.24	+9.9%	NY REGIS SHS NEW	500472303
SJM	SMUCKER J M CO	11,006 (-9.0%)	$1.309M (-3.8%)	0.0%	$118.91	$104.21	+14.1%	COM NEW	832696405
JAZZ	JAZZ PHARMACEUTICALS PLC	1,635 (-1.1%)	$379K (-5.0%)	0.0%	$231.52	$119.94	+93.0%	SHS USD	G50871105
JCI	JOHNSON CONTROLS INTERNATION	2,693 (-1.1%)	$400K (+0.6%)	0.0%	$148.65	$57.92	+156.6%	SHS	G51502105

Unchanged Positions (45)

CB CHUBB LIMITED 2.2%

Value $120M Shares 369,820 Share Price $325.26 Est. Cost/Share $269.90 Unrealized @ Report Date +20.5%

ZTO ZTO EXPRESS CAYMAN INC 0.7%

Value $36.8M Shares 1,894,890 Share Price $19.42 Est. Cost/Share $24.22 Unrealized @ Report Date -19.8%

BBY BEST BUY INC 0.6%

Value $32.08M Shares 363,597 Share Price $88.24 Est. Cost/Share $68.27 Unrealized @ Report Date +29.3%

NVS NOVARTIS AG 0.8%

Value $45.6M Shares 319,864 Share Price $142.57 Est. Cost/Share $103.60 Unrealized @ Report Date +37.6%

BABA ALIBABA GROUP HLDG LTD 0.6%

Value $34.28M Shares 318,762 Share Price $107.54 Est. Cost/Share $101.43 Unrealized @ Report Date +6.0%

MFC MANULIFE FINL CORP 1.0%

Value $53.27M Shares 1,250,702 Share Price $42.59 Est. Cost/Share $28.48 Unrealized @ Report Date +49.5%

VIPS VIPSHOP HLDGS LTD 0.6%

Value $35.8M Shares 2,862,088 Share Price $12.51 Est. Cost/Share $16.01 Unrealized @ Report Date -21.9%

BAC BANK OF AMER CORP 0.9%

Value $50.49M Shares 927,577 Share Price $54.43 Est. Cost/Share $24.63 Unrealized @ Report Date +121.0%

VOD VODAFONE GROUP PLC 0.1%

Value $5.526M Shares 342,144 Share Price $16.15 Est. Cost/Share $14.62 Unrealized @ Report Date +10.5%

PSX PHILLIPS 66 0.0%

Value $2.505M Shares 9,811 Share Price $255.31 Est. Cost/Share $92.64 Unrealized @ Report Date +175.6%

RIO RIO TINTO PLC 1.5%

Value $82.41M Shares 875,083 Share Price $94.17 Est. Cost/Share $48.45 Unrealized @ Report Date +94.4%

AAPL APPLE INC 0.1%

Value $5.64M Shares 16,937 Share Price $333.02 Est. Cost/Share $83.84 Unrealized @ Report Date +297.2%

AER AERCAP HOLDINGS NV 1.4%

Value $74.68M Shares 520,368 Share Price $143.52 Est. Cost/Share $61.22 Unrealized @ Report Date +134.5%

CVX CHEVRON CORPORATION 0.1%

Value $3.119M Shares 15,272 Share Price $204.21 Est. Cost/Share $106.95 Unrealized @ Report Date +90.9%

ON ON SEMICONDUCTOR CORP 0.0%

Value $2.434M Shares 31,660 Share Price $76.87 Est. Cost/Share $38.37 Unrealized @ Report Date +100.3%

TXRH TEXAS ROADHOUSE INC 0.0%

Value $2.192M Shares 14,022 Share Price $156.34 Est. Cost/Share $70.56 Unrealized @ Report Date +121.6%

PHM PULTE GROUP INC 0.0%

Value $2.72M Shares 23,438 Share Price $116.06 Est. Cost/Share $21.76 Unrealized @ Report Date +433.4%

IQV IQVIA HLDGS INC 0.0%

Value $1.4M Shares 5,208 Share Price $268.85 Est. Cost/Share $200.78 Unrealized @ Report Date +33.9%

HD HOME DEPOT INC 0.0%

Value $1.5M Shares 5,271 Share Price $284.49 Est. Cost/Share $224.26 Unrealized @ Report Date +26.9%

HBAN HUNTINGTON BANCSHARES INC 0.0%

Value $835K Shares 54,721 Share Price $15.26 Est. Cost/Share $11.11 Unrealized @ Report Date +37.3%

COP CONOCOPHILLIPS 0.0%

Value $1.282M Shares 10,244 Share Price $125.15 Est. Cost/Share $97.00 Unrealized @ Report Date +29.0%

IX ORIX CORP 1.3%

Value $69.13M Shares 1,833,292 Share Price $37.71 Est. Cost/Share $17.81 Unrealized @ Report Date +111.8%

MCD MCDONALDS CORP 0.0%

Value $995K Shares 4,308 Share Price $230.94 Est. Cost/Share $114.45 Unrealized @ Report Date +101.8%

EQNR EQUINOR ASA 0.0%

Value $663K Shares 15,944 Share Price $41.60 Est. Cost/Share $28.21 Unrealized @ Report Date +47.5%

PM PHILIP MORRIS INTL INC 0.0%

Value $2.671M Shares 13,997 Share Price $190.82 Est. Cost/Share $58.89 Unrealized @ Report Date +224.0%

UNH UNITEDHEALTH GROUP INC 0.0%

Value $969K Shares 2,641 Share Price $367.08 Est. Cost/Share $480.74 Unrealized @ Report Date -23.6%

TEL TE CONNECTIVITY PLC 0.0%

Value $2.356M Shares 11,160 Share Price $211.08 Est. Cost/Share $146.90 Unrealized @ Report Date +43.7%

PGR PROGRESSIVE CORP 0.0%

Value $1.749M Shares 8,436 Share Price $207.31 Est. Cost/Share $150.98 Unrealized @ Report Date +37.3%

ROST ROSS STORES INC 0.0%

Value $827K Shares 3,544 Share Price $233.40 Est. Cost/Share $91.16 Unrealized @ Report Date +156.0%

CARR CARRIER GLOBAL CORPORATION 0.0%

Value $208K Shares 3,785 Share Price $54.86 Est. Cost/Share $59.14 Unrealized @ Report Date -7.2%

UL UNILEVER PLC 0.1%

Value $5.795M Shares 95,425 Share Price $60.73 Est. Cost/Share $67.26 Unrealized @ Report Date -9.7%

BLK BLACKROCK INC 0.0%

Value $559K Shares 528 Share Price $1058.29 Est. Cost/Share $991.05 Unrealized @ Report Date +6.8%

AON AON PLC 0.0%

Value $251K Shares 907 Share Price $276.77 Est. Cost/Share $317.55 Unrealized @ Report Date -12.8%

ITW ILLINOIS TOOL WKS INC 0.0%

Value $695K Shares 2,700 Share Price $257.28 Est. Cost/Share $91.42 Unrealized @ Report Date +181.4%

JNJ JOHNSON & JOHNSON 0.0%

Value $870K Shares 3,288 Share Price $264.74 Est. Cost/Share $76.87 Unrealized @ Report Date +244.4%

EMR EMERSON ELEC CO 0.0%

Value $453K Shares 2,918 Share Price $155.10 Est. Cost/Share $58.78 Unrealized @ Report Date +163.9%

MRK MERCK & CO INC 0.0%

Value $273K Shares 1,880 Share Price $145.31 Est. Cost/Share $115.48 Unrealized @ Report Date +25.8%

— EATON VANCE MUN BD FD 0.0%

Value $209K Shares 23,000 Share Price $9.07 Est. Cost/Share $9.77 Unrealized @ Report Date —

MMM 3M CO 0.0%

Value $1.161M Shares 7,075 Share Price $164.15 Est. Cost/Share $80.81 Unrealized @ Report Date +103.1%

RTX RTX CORPORATION 0.0%

Value $703K Shares 3,785 Share Price $185.65 Est. Cost/Share $112.99 Unrealized @ Report Date +64.3%

TIP ISHARES TR 0.0%

Value $214K Shares 2,060 Share Price $104.04 Est. Cost/Share $113.85 Unrealized @ Report Date -8.6%

BSV VANGUARD BD INDEX FDS 0.0%

Value $397K Shares 5,192 Share Price $76.40 Est. Cost/Share $80.40 Unrealized @ Report Date -5.0%

UNP UNION PAC CORP 0.0%

Value $1.327M Shares 4,877 Share Price $272.13 Est. Cost/Share $71.03 Unrealized @ Report Date +283.1%

PG PROCTER & GAMBLE CO 0.0%

Value $400K Shares 2,754 Share Price $145.28 Est. Cost/Share $83.81 Unrealized @ Report Date +73.4%

SYBT STOCK YDS BANCORP INC 0.0%

Value $271K Shares 3,518 Share Price $77.09 Est. Cost/Share $57.68 Unrealized @ Report Date +33.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CB	CHUBB LIMITED	369,820	$120M	2.2%	$325.26	$269.90	+20.5%	COM	H1467J104
ZTO	ZTO EXPRESS CAYMAN INC	1,894,890	$36.8M	0.7%	$19.42	$24.22	-19.8%	SPONSORED ADS A	98980A105
BBY	BEST BUY INC	363,597	$32.08M	0.6%	$88.24	$68.27	+29.3%	COM	086516101
NVS	NOVARTIS AG	319,864	$45.6M	0.8%	$142.57	$103.60	+37.6%	SPONSORED ADR	66987V109
BABA	ALIBABA GROUP HLDG LTD	318,762	$34.28M	0.6%	$107.54	$101.43	+6.0%	SPONSORED ADS	01609W102
MFC	MANULIFE FINL CORP	1,250,702	$53.27M	1.0%	$42.59	$28.48	+49.5%	COM	56501R106
VIPS	VIPSHOP HLDGS LTD	2,862,088	$35.8M	0.6%	$12.51	$16.01	-21.9%	SPONSORED ADS A	92763W103
BAC	BANK OF AMER CORP	927,577	$50.49M	0.9%	$54.43	$24.63	+121.0%	COM	060505104
VOD	VODAFONE GROUP PLC	342,144	$5.526M	0.1%	$16.15	$14.62	+10.5%	SPONSORED ADR	92857W308
PSX	PHILLIPS 66	9,811	$2.505M	0.0%	$255.31	$92.64	+175.6%	COM	718546104
RIO	RIO TINTO PLC	875,083	$82.41M	1.5%	$94.17	$48.45	+94.4%	SPONSORED ADR	767204100
AAPL	APPLE INC	16,937	$5.64M	0.1%	$333.02	$83.84	+297.2%	COM	037833100
AER	AERCAP HOLDINGS NV	520,368	$74.68M	1.4%	$143.52	$61.22	+134.5%	SHS	N00985106
CVX	CHEVRON CORPORATION	15,272	$3.119M	0.1%	$204.21	$106.95	+90.9%	COM	166764100
ON	ON SEMICONDUCTOR CORP	31,660	$2.434M	0.0%	$76.87	$38.37	+100.3%	COM	682189105
TXRH	TEXAS ROADHOUSE INC	14,022	$2.192M	0.0%	$156.34	$70.56	+121.6%	COM	882681109
PHM	PULTE GROUP INC	23,438	$2.72M	0.0%	$116.06	$21.76	+433.4%	COM	745867101
IQV	IQVIA HLDGS INC	5,208	$1.4M	0.0%	$268.85	$200.78	+33.9%	COM	46266C105
HD	HOME DEPOT INC	5,271	$1.5M	0.0%	$284.49	$224.26	+26.9%	COM	437076102
HBAN	HUNTINGTON BANCSHARES INC	54,721	$835K	0.0%	$15.26	$11.11	+37.3%	COM	446150104
COP	CONOCOPHILLIPS	10,244	$1.282M	0.0%	$125.15	$97.00	+29.0%	COM	20825C104
IX	ORIX CORP	1,833,292	$69.13M	1.3%	$37.71	$17.81	+111.8%	SPONSORED ADR	686330101
MCD	MCDONALDS CORP	4,308	$995K	0.0%	$230.94	$114.45	+101.8%	COM	580135101
EQNR	EQUINOR ASA	15,944	$663K	0.0%	$41.60	$28.21	+47.5%	SPONSORED ADR	29446M102
PM	PHILIP MORRIS INTL INC	13,997	$2.671M	0.0%	$190.82	$58.89	+224.0%	COM	718172109
UNH	UNITEDHEALTH GROUP INC	2,641	$969K	0.0%	$367.08	$480.74	-23.6%	COM	91324P102
TEL	TE CONNECTIVITY PLC	11,160	$2.356M	0.0%	$211.08	$146.90	+43.7%	ORD SHS	G87052109
PGR	PROGRESSIVE CORP	8,436	$1.749M	0.0%	$207.31	$150.98	+37.3%	COM	743315103
ROST	ROSS STORES INC	3,544	$827K	0.0%	$233.40	$91.16	+156.0%	COM	778296103
CARR	CARRIER GLOBAL CORPORATION	3,785	$208K	0.0%	$54.86	$59.14	-7.2%	COM	14448C104
UL	UNILEVER PLC	95,425	$5.795M	0.1%	$60.73	$67.26	-9.7%	SPON ADR NEW	904767803
BLK	BLACKROCK INC	528	$559K	0.0%	$1058.29	$991.05	+6.8%	COM	09290D101
AON	AON PLC	907	$251K	0.0%	$276.77	$317.55	-12.8%	SHS CL A	G0403H108
ITW	ILLINOIS TOOL WKS INC	2,700	$695K	0.0%	$257.28	$91.42	+181.4%	COM	452308109
JNJ	JOHNSON & JOHNSON	3,288	$870K	0.0%	$264.74	$76.87	+244.4%	COM	478160104
EMR	EMERSON ELEC CO	2,918	$453K	0.0%	$155.10	$58.78	+163.9%	COM	291011104
MRK	MERCK & CO INC	1,880	$273K	0.0%	$145.31	$115.48	+25.8%	COM	58933Y105
—	EATON VANCE MUN BD FD	23,000	$209K	0.0%	$9.07	$9.77	—	COM	27827X101
MMM	3M CO	7,075	$1.161M	0.0%	$164.15	$80.81	+103.1%	COM	88579Y101
RTX	RTX CORPORATION	3,785	$703K	0.0%	$185.65	$112.99	+64.3%	COM	75513E101
TIP	ISHARES TR	2,060	$214K	0.0%	$104.04	$113.85	-8.6%	TIPS BD ETF	464287176
BSV	VANGUARD BD INDEX FDS	5,192	$397K	0.0%	$76.40	$80.40	-5.0%	SHORT TRM BOND	921937827
UNP	UNION PAC CORP	4,877	$1.327M	0.0%	$272.13	$71.03	+283.1%	COM	907818108
PG	PROCTER & GAMBLE CO	2,754	$400K	0.0%	$145.28	$83.81	+73.4%	COM	742718109
SYBT	STOCK YDS BANCORP INC	3,518	$271K	0.0%	$77.09	$57.68	+33.6%	COM	861025104