Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MDALF	MDA SPACE LTD	3,557,734	$89.84M	2.4%	$25.60	0.0%	COM	55293N109
AZN	ASTRAZENECA PLC	170,252	$33.58M	0.9%	$190.39	0.0%	ORD	G0593M107
ADI	ANALOG DEVICES INC	13,285	$4.226M	0.1%	$316.17	0.0%	COM	032654105
ALLE	ALLEGION PLC	20,596	$2.992M	0.1%	$166.29	0.0%	ORD SHS	G0176J109
GBX	GREENBRIER COS INC	39,339	$2.071M	0.1%	$52.49	0.0%	COM	393657101
HSBC	HSBC HLDGS PLC	2,681	$221K	0.0%	$82.49	—	SPON ADR NEW	404280406
PTEN	PATTERSON-UTI ENERGY INC	13,922	$151K	0.0%	$7.64	0.0%	COM	703481101

Increased Positions (87)

CNQ CANADIAN NAT RES LTD MED TER 4.4%

Value $168M (+49.7%) Shares 3,453,521 (+4.3%) Est. Cost $26.74 Unrealized +39.1%

SHOP SHOPIFY INC 1.6%

Value $61.96M (+762.6%) Shares 523,837 (+1074.8%) Est. Cost $129.23 Unrealized +5.6%

OTEX OPEN TEXT CORP 2.7%

Value $102M (-16.1%) Shares 4,570,672 (+23.0%) Est. Cost $29.35 Unrealized -6.3%

COST COSTCO WHOLESALE CORPORATION 1.7%

Value $64.62M (+33.8%) Shares 64,856 (+15.8%) Est. Cost $403.22 Unrealized +139.0%

WMB WILLIAMS COS INC 1.6%

Value $60.45M (+36.2%) Shares 830,532 (+12.5%) Est. Cost $34.41 Unrealized +92.8%

GIB CGI INC 2.7%

Value $104M (-13.2%) Shares 1,422,593 (+10.0%) Est. Cost $80.77 Unrealized +3.9%

TTE TOTALENERGIES SE 1.3%

Value $50.14M (+42.3%) Shares 551,137 (+2.3%) Est. Cost $63.42 Unrealized +12.8%

BAM BROOKFIELD ASSET MANAGMT LTD 0.4%

Value $15.89M (+645.2%) Shares 358,646 (+781.2%) Est. Cost $49.12 Unrealized +4.7%

APH AMPHENOL CORP 0.4%

Value $16.39M (+520.6%) Shares 129,747 (+563.8%) Est. Cost $136.58 Unrealized +7.2%

QSR RESTAURANT BRANDS INTL INC 1.9%

Value $72.25M (+20.0%) Shares 979,526 (+11.1%) Est. Cost $63.97 Unrealized +6.9%

EQIX EQUINIX INC 0.9%

Value $32.31M (+52.3%) Shares 32,961 (+19.0%) Est. Cost $797.21 Unrealized -4.2%

ASML ASML HLDG NV 1.3%

Value $50.35M (+28.0%) Shares 38,123 (+3.7%) Est. Cost $763.13 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value $19.61M (+123.6%) Shares 112,438 (+139.1%) Est. Cost $151.37 Unrealized +23.3%

BN BROOKFIELD CORP 2.9%

Value $111M (-8.4%) Shares 2,751,807 (+4.2%) Est. Cost $30.96 Unrealized +50.8%

VST VISTRA CORP 0.3%

Value $10.91M (+732.9%) Shares 72,588 (+793.8%) Est. Cost $163.03 Unrealized +0.1%

JNJ JOHNSON & JOHNSON 1.0%

Value $38.71M (+30.9%) Shares 158,358 (+10.8%) Est. Cost $120.26 Unrealized +89.5%

AMZN AMAZON COM INC 0.4%

Value $14.95M (+128.3%) Shares 71,770 (+153.1%) Est. Cost $192.41 Unrealized +17.9%

AAPL APPLE INC 2.2%

Value $84.94M (+10.1%) Shares 334,688 (+17.9%) Est. Cost $147.56 Unrealized +78.1%

SHEL SHELL PLC 0.8%

Value $31.35M (+31.2%) Shares 337,067 (+3.7%) Est. Cost $57.74 Unrealized —

BGSI BOYD GROUP SERVICES INC 2.1%

Value $78.47M (+9.9%) Shares 616,641 (+37.6%) Est. Cost $161.91 Unrealized +2.7%

JPM JPMORGAN CHASE & CO 0.3%

Value $12.4M (+126.7%) Shares 42,166 (+148.3%) Est. Cost $253.96 Unrealized +22.6%

PH PARKER-HANNIFIN CORP 0.5%

Value $20.34M (+47.5%) Shares 22,720 (+44.8%) Est. Cost $739.19 Unrealized +29.6%

GOOGL ALPHABET INC 1.5%

Value $56.96M (+13.0%) Shares 198,064 (+23.0%) Est. Cost $198.09 Unrealized +63.2%

TJX TJX COS INC NEW 0.8%

Value $29.13M (+28.3%) Shares 182,379 (+23.4%) Est. Cost $125.31 Unrealized +23.1%

AVGO BROADCOM INC 1.8%

Value $69.62M (+9.6%) Shares 224,938 (+22.6%) Est. Cost $181.12 Unrealized +84.5%

MSFT MICROSOFT CORP 1.7%

Value $64.97M (-8.3%) Shares 175,523 (+19.8%) Est. Cost $173.19 Unrealized +150.9%

WEC WEC ENERGY GROUP INC 0.4%

Value $15.9M (+55.4%) Shares 137,339 (+41.6%) Est. Cost $94.20 Unrealized +16.7%

APD AIR PRODUCTS AND CHEMICALS I 0.3%

Value $11.85M (+85.1%) Shares 40,801 (+57.4%) Est. Cost $207.12 Unrealized +31.1%

WPM WHEATON PRECIOUS METALS CORP 1.2%

Value $44.43M (+13.7%) Shares 339,568 (+2.2%) Est. Cost $37.32 Unrealized +274.7%

ITW ILLINOIS TOOL WKS INC 0.3%

Value $11.57M (+76.0%) Shares 44,452 (+66.6%) Est. Cost $224.69 Unrealized +21.6%

LRCX LAM RESEARCH CORP 0.1%

Value $5.255M (+1750.3%) Shares 24,593 (+1382.4%) Est. Cost $221.18 Unrealized +2.2%

RCI ROGERS COMMUNICATIONS INC 0.7%

Value $28.29M (+19.3%) Shares 737,820 (+17.6%) Est. Cost $37.21 Unrealized +0.4%

MCD MCDONALDS CORP 1.1%

Value $42.23M (+11.8%) Shares 135,886 (+9.9%) Est. Cost $175.75 Unrealized +80.5%

META META PLATFORMS INC 0.8%

Value $30.31M (+16.7%) Shares 52,977 (+34.6%) Est. Cost $635.47 Unrealized +3.2%

VRT VERTIV HOLDINGS CO 0.2%

Value $6.273M (+214.8%) Shares 25,034 (+103.5%) Est. Cost $164.53 Unrealized +21.5%

WM WASTE MGMT INC DEL 0.6%

Value $24.22M (+20.6%) Shares 105,388 (+15.3%) Est. Cost $94.30 Unrealized +139.7%

MSI MOTOROLA SOLUTIONS INC 0.4%

Value $13.86M (+42.3%) Shares 31,945 (+25.7%) Est. Cost $432.63 Unrealized -3.9%

BIP BROOKFIELD INFRASTRUCTURE PA 0.7%

Value $25.36M (+19.2%) Shares 705,360 (+15.3%) Est. Cost $32.32 Unrealized —

RSG REPUBLIC SVCS INC 0.8%

Value $28.91M (+15.8%) Shares 131,982 (+12.1%) Est. Cost $88.67 Unrealized +144.3%

HIG HARTFORD INSURANCE GROUP INC 0.7%

Value $25.54M (+18.0%) Shares 188,835 (+20.2%) Est. Cost $92.95 Unrealized +47.1%

STN STANTEC INC 0.8%

Value $31.57M (+13.5%) Shares 366,389 (+24.3%) Est. Cost $47.85 Unrealized —

CNI CANADIAN NATL RY CO 1.1%

Value $43.24M (+9.4%) Shares 421,409 (+5.6%) Est. Cost $78.24 Unrealized +30.5%

DRI DARDEN RESTAURANTS INC 0.4%

Value $15.85M (+29.5%) Shares 80,875 (+21.6%) Est. Cost $204.61 Unrealized +1.4%

AFL AFLAC INC 0.2%

Value $6.68M (+111.0%) Shares 60,890 (+112.0%) Est. Cost $84.10 Unrealized +32.2%

MPWR MONOLITHIC PWR SYS INC 0.1%

Value $3.952M (+650.6%) Shares 3,615 (+522.2%) Est. Cost $1046.83 Unrealized +5.5%

V VISA INC 0.1%

Value $5.552M (+160.3%) Shares 18,371 (+202.0%) Est. Cost $302.66 Unrealized +8.8%

CB CHUBB LTD SWITZ 0.1%

Value $4.208M (+391.1%) Shares 12,910 (+370.3%) Est. Cost $311.16 Unrealized +1.6%

MA MASTERCARD INCORPORATED 0.8%

Value $29.67M (-10.1%) Shares 59,371 (+2.7%) Est. Cost $282.90 Unrealized +90.5%

AMGN AMGEN INC 0.3%

Value $11.36M (+40.1%) Shares 32,299 (+30.4%) Est. Cost $253.65 Unrealized +37.9%

ABBV ABBVIE INC 0.6%

Value $21.44M (+17.7%) Shares 98,560 (+23.7%) Est. Cost $153.94 Unrealized +44.6%

NFLX NETFLIX INC. 0.1%

Value $4.181M (+289.4%) Shares 43,485 (+279.7%) Est. Cost $89.93 Unrealized -6.8%

GWW WW GRAINGER INC 0.4%

Value $14.22M (+26.6%) Shares 13,040 (+17.1%) Est. Cost $828.66 Unrealized +32.1%

HD HOME DEPOT INC 0.5%

Value $19.21M (+16.1%) Shares 58,407 (+21.5%) Est. Cost $218.92 Unrealized +72.2%

SHW SHERWIN WILLIAMS CO 0.1%

Value $3.611M (+246.1%) Shares 11,266 (+249.9%) Est. Cost $327.27 Unrealized +8.6%

WMT WALMART INC 0.1%

Value $2.772M (+1090.3%) Shares 22,301 (+967.0%) Est. Cost $120.64 Unrealized +1.2%

LLY ELI LILLY & CO 0.4%

Value $14.7M (+17.7%) Shares 15,980 (+37.6%) Est. Cost $820.67 Unrealized +27.6%

CVX CHEVRON CORPORATION 0.1%

Value $4.853M (+72.5%) Shares 23,454 (+27.1%) Est. Cost $131.76 Unrealized +30.4%

CDNS CADENCE DESIGN SYSTEM INC 0.1%

Value $3.615M (+77.4%) Shares 13,009 (+99.6%) Est. Cost $297.24 Unrealized +2.0%

PANW PALO ALTO NETWORKS INC 0.1%

Value $3.379M (+85.2%) Shares 21,079 (+112.8%) Est. Cost $182.75 Unrealized -5.8%

AME AMETEK INC 0.1%

Value $2.024M (+294.0%) Shares 9,442 (+277.4%) Est. Cost $210.99 Unrealized +5.8%

MCO MOODYS CORP 0.1%

Value $2.744M (+119.9%) Shares 6,289 (+157.5%) Est. Cost $483.58 Unrealized +1.2%

ORCL ORACLE CORP 0.4%

Value $15.93M (-8.2%) Shares 108,268 (+21.6%) Est. Cost $225.89 Unrealized -24.9%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value $3.246M (+72.8%) Shares 22,187 (+109.9%) Est. Cost $138.35 Unrealized +11.4%

ISRG INTUITIVE SURGICAL INC 0.1%

Value $5.408M (+31.5%) Shares 11,732 (+61.6%) Est. Cost $456.76 Unrealized +14.1%

EMR EMERSON ELEC CO 0.1%

Value $5.157M (+32.7%) Shares 39,360 (+34.4%) Est. Cost $99.33 Unrealized +49.5%

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.0%

Value $1.546M (+190.0%) Shares 91,129 (+171.0%) Est. Cost $16.18 Unrealized —

SBUX STARBUCKS CORP 0.1%

Value $3.193M (+42.3%) Shares 35,644 (+33.8%) Est. Cost $83.02 Unrealized +12.8%

UL UNILEVER PLC 0.2%

Value $8.263M (-10.2%) Shares 145,046 (+3.1%) Est. Cost $65.14 Unrealized —

DUK DUKE ENERGY CORP NEW 0.1%

Value $4.055M (+21.1%) Shares 30,966 (+8.4%) Est. Cost $80.38 Unrealized +50.4%

ADBE ADOBE INC 0.1%

Value $2.382M (-22.3%) Shares 9,800 (+11.9%) Est. Cost $400.07 Unrealized -27.5%

IBN ICICI BANK LIMITED 0.4%

Value $13.61M (-4.5%) Shares 525,324 (+9.8%) Est. Cost $28.81 Unrealized —

BKNG BOOKING HOLDINGS INC 0.2%

Value $7.671M (-7.6%) Shares 1,822 (+17.5%) Est. Cost $2477.45 Unrealized +93.0%

NOW SERVICENOW INC 0.1%

Value $3.206M (+24.7%) Shares 30,661 (+82.7%) Est. Cost $145.48 Unrealized -16.7%

HYG ISHARES TR 0.1%

Value $2.904M (+22.2%) Shares 36,500 (+23.7%) Est. Cost $75.55 Unrealized —

SAN BANCO SANTANDER SA 0.1%

Value $3.098M (+15.8%) Shares 274,636 (+20.4%) Est. Cost $9.50 Unrealized —

DSGX DESCARTES SYS GROUP INC 0.4%

Value $13.63M (+3.2%) Shares 190,877 (+26.8%) Est. Cost $83.55 Unrealized -9.5%

GOOG ALPHABET INC 0.1%

Value $5.61M (-6.8%) Shares 19,558 (+2.0%) Est. Cost $140.81 Unrealized +129.9%

DIS DISNEY WALT CO 0.1%

Value $3.559M (-5.9%) Shares 36,926 (+11.1%) Est. Cost $108.58 Unrealized +0.8%

DHR DANAHER CORP DEL 0.1%

Value $2.958M (-6.7%) Shares 15,602 (+12.6%) Est. Cost $237.62 Unrealized -5.4%

SNY SANOFI SA 0.2%

Value $6.036M (+3.5%) Shares 125,277 (+4.1%) Est. Cost $39.39 Unrealized —

NGG NATIONAL GRID PLC 0.0%

Value $564K (+25.5%) Shares 6,667 (+14.7%) Est. Cost $74.20 Unrealized —

— ADOBE INC 0.0%

Value $163K (+116.8%) Shares 2,900 (+16.0%) Est. Cost — Unrealized —

WCN WASTE CONNECTIONS INC 0.0%

Value $827K (+7.6%) Shares 5,106 (+16.5%) Est. Cost $72.98 Unrealized +129.3%

PHO INVESCO EXCHANGE TRADED FD T 0.0%

Value $1.558M (-3.3%) Shares 23,300 (+1.7%) Est. Cost $72.02 Unrealized —

TRI THOMSON REUTERS CORP 0.0%

Value $265K (-12.0%) Shares 2,941 (+29.2%) Est. Cost $120.93 Unrealized -11.5%

CIGI COLLIERS INTL GROUP INC 0.0%

Value $252K (-4.4%) Shares 2,365 (+31.9%) Est. Cost $107.47 Unrealized +25.0%

— VERISK ANALYTICS INC 0.0%

Value $107K (+7.9%) Shares 4,400 (+41.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNQ	CANADIAN NAT RES LTD MED TER	3,453,521 (+4.3%)	$168M (+49.7%)	4.4%	$26.74	+39.1%	COM	136385101
SHOP	SHOPIFY INC	523,837 (+1074.8%)	$61.96M (+762.6%)	1.6%	$129.23	+5.6%	CL A SUB VTG SHS	82509L107
OTEX	OPEN TEXT CORP	4,570,672 (+23.0%)	$102M (-16.1%)	2.7%	$29.35	-6.3%	COM	683715106
COST	COSTCO WHOLESALE CORPORATION	64,856 (+15.8%)	$64.62M (+33.8%)	1.7%	$403.22	+139.0%	COM	22160K105
WMB	WILLIAMS COS INC	830,532 (+12.5%)	$60.45M (+36.2%)	1.6%	$34.41	+92.8%	COM	969457100
GIB	CGI INC	1,422,593 (+10.0%)	$104M (-13.2%)	2.7%	$80.77	+3.9%	CL A SUB VTG	12532H104
TTE	TOTALENERGIES SE	551,137 (+2.3%)	$50.14M (+42.3%)	1.3%	$63.42	+12.8%	ACT	F92124100
BAM	BROOKFIELD ASSET MANAGMT LTD	358,646 (+781.2%)	$15.89M (+645.2%)	0.4%	$49.12	+4.7%	CL A LMT VTG SHS	113004105
APH	AMPHENOL CORP	129,747 (+563.8%)	$16.39M (+520.6%)	0.4%	$136.58	+7.2%	CL A	032095101
QSR	RESTAURANT BRANDS INTL INC	979,526 (+11.1%)	$72.25M (+20.0%)	1.9%	$63.97	+6.9%	COM	76131D103
EQIX	EQUINIX INC	32,961 (+19.0%)	$32.31M (+52.3%)	0.9%	$797.21	-4.2%	COM	29444U700
ASML	ASML HLDG NV	38,123 (+3.7%)	$50.35M (+28.0%)	1.3%	$763.13	—	N Y REGISTRY SHS	N07059210
NVDA	NVIDIA CORPORATION	112,438 (+139.1%)	$19.61M (+123.6%)	0.5%	$151.37	+23.3%	COM	67066G104
BN	BROOKFIELD CORP	2,751,807 (+4.2%)	$111M (-8.4%)	2.9%	$30.96	+50.8%	CL A LTD VT SH	11271J107
VST	VISTRA CORP	72,588 (+793.8%)	$10.91M (+732.9%)	0.3%	$163.03	+0.1%	COM	92840M102
JNJ	JOHNSON & JOHNSON	158,358 (+10.8%)	$38.71M (+30.9%)	1.0%	$120.26	+89.5%	COM	478160104
AMZN	AMAZON COM INC	71,770 (+153.1%)	$14.95M (+128.3%)	0.4%	$192.41	+17.9%	COM	023135106
AAPL	APPLE INC	334,688 (+17.9%)	$84.94M (+10.1%)	2.2%	$147.56	+78.1%	COM	037833100
SHEL	SHELL PLC	337,067 (+3.7%)	$31.35M (+31.2%)	0.8%	$57.74	—	SPON ADS	780259305
BGSI	BOYD GROUP SERVICES INC	616,641 (+37.6%)	$78.47M (+9.9%)	2.1%	$161.91	+2.7%	COM	103310108
JPM	JPMORGAN CHASE & CO	42,166 (+148.3%)	$12.4M (+126.7%)	0.3%	$253.96	+22.6%	COM	46625H100
PH	PARKER-HANNIFIN CORP	22,720 (+44.8%)	$20.34M (+47.5%)	0.5%	$739.19	+29.6%	COM	701094104
GOOGL	ALPHABET INC	198,064 (+23.0%)	$56.96M (+13.0%)	1.5%	$198.09	+63.2%	CAP STK CL A	02079K305
TJX	TJX COS INC NEW	182,379 (+23.4%)	$29.13M (+28.3%)	0.8%	$125.31	+23.1%	COM	872540109
AVGO	BROADCOM INC	224,938 (+22.6%)	$69.62M (+9.6%)	1.8%	$181.12	+84.5%	COM	11135F101
MSFT	MICROSOFT CORP	175,523 (+19.8%)	$64.97M (-8.3%)	1.7%	$173.19	+150.9%	COM	594918104
WEC	WEC ENERGY GROUP INC	137,339 (+41.6%)	$15.9M (+55.4%)	0.4%	$94.20	+16.7%	COM	92939U106
APD	AIR PRODUCTS AND CHEMICALS I	40,801 (+57.4%)	$11.85M (+85.1%)	0.3%	$207.12	+31.1%	COM	009158106
WPM	WHEATON PRECIOUS METALS CORP	339,568 (+2.2%)	$44.43M (+13.7%)	1.2%	$37.32	+274.7%	COM	962879102
ITW	ILLINOIS TOOL WKS INC	44,452 (+66.6%)	$11.57M (+76.0%)	0.3%	$224.69	+21.6%	COM	452308109
LRCX	LAM RESEARCH CORP	24,593 (+1382.4%)	$5.255M (+1750.3%)	0.1%	$221.18	+2.2%	COM NEW	512807306
RCI	ROGERS COMMUNICATIONS INC	737,820 (+17.6%)	$28.29M (+19.3%)	0.7%	$37.21	+0.4%	CL B	775109200
MCD	MCDONALDS CORP	135,886 (+9.9%)	$42.23M (+11.8%)	1.1%	$175.75	+80.5%	COM	580135101
META	META PLATFORMS INC	52,977 (+34.6%)	$30.31M (+16.7%)	0.8%	$635.47	+3.2%	CL A	30303M102
VRT	VERTIV HOLDINGS CO	25,034 (+103.5%)	$6.273M (+214.8%)	0.2%	$164.53	+21.5%	COM CL A	92537N108
WM	WASTE MGMT INC DEL	105,388 (+15.3%)	$24.22M (+20.6%)	0.6%	$94.30	+139.7%	COM	94106L109
MSI	MOTOROLA SOLUTIONS INC	31,945 (+25.7%)	$13.86M (+42.3%)	0.4%	$432.63	-3.9%	COM NEW	620076307
BIP	BROOKFIELD INFRASTRUCTURE PA	705,360 (+15.3%)	$25.36M (+19.2%)	0.7%	$32.32	—	LP INT UNIT	G16252101
RSG	REPUBLIC SVCS INC	131,982 (+12.1%)	$28.91M (+15.8%)	0.8%	$88.67	+144.3%	COM	760759100
HIG	HARTFORD INSURANCE GROUP INC	188,835 (+20.2%)	$25.54M (+18.0%)	0.7%	$92.95	+47.1%	COM	416515104
STN	STANTEC INC	366,389 (+24.3%)	$31.57M (+13.5%)	0.8%	$47.85	—	COM	85472N109
CNI	CANADIAN NATL RY CO	421,409 (+5.6%)	$43.24M (+9.4%)	1.1%	$78.24	+30.5%	COM	136375102
DRI	DARDEN RESTAURANTS INC	80,875 (+21.6%)	$15.85M (+29.5%)	0.4%	$204.61	+1.4%	COM	237194105
AFL	AFLAC INC	60,890 (+112.0%)	$6.68M (+111.0%)	0.2%	$84.10	+32.2%	COM	001055102
MPWR	MONOLITHIC PWR SYS INC	3,615 (+522.2%)	$3.952M (+650.6%)	0.1%	$1046.83	+5.5%	COM	609839105
V	VISA INC	18,371 (+202.0%)	$5.552M (+160.3%)	0.1%	$302.66	+8.8%	COM CL A	92826C839
CB	CHUBB LTD SWITZ	12,910 (+370.3%)	$4.208M (+391.1%)	0.1%	$311.16	+1.6%	COM	H1467J104
MA	MASTERCARD INCORPORATED	59,371 (+2.7%)	$29.67M (-10.1%)	0.8%	$282.90	+90.5%	CL A	57636Q104
AMGN	AMGEN INC	32,299 (+30.4%)	$11.36M (+40.1%)	0.3%	$253.65	+37.9%	COM	031162100
ABBV	ABBVIE INC	98,560 (+23.7%)	$21.44M (+17.7%)	0.6%	$153.94	+44.6%	COM	00287Y109
NFLX	NETFLIX INC.	43,485 (+279.7%)	$4.181M (+289.4%)	0.1%	$89.93	-6.8%	COM	64110L106
GWW	WW GRAINGER INC	13,040 (+17.1%)	$14.22M (+26.6%)	0.4%	$828.66	+32.1%	COM	384802104
HD	HOME DEPOT INC	58,407 (+21.5%)	$19.21M (+16.1%)	0.5%	$218.92	+72.2%	COM	437076102
SHW	SHERWIN WILLIAMS CO	11,266 (+249.9%)	$3.611M (+246.1%)	0.1%	$327.27	+8.6%	COM	824348106
WMT	WALMART INC	22,301 (+967.0%)	$2.772M (+1090.3%)	0.1%	$120.64	+1.2%	COM	931142103
LLY	ELI LILLY & CO	15,980 (+37.6%)	$14.7M (+17.7%)	0.4%	$820.67	+27.6%	COM	532457108
CVX	CHEVRON CORPORATION	23,454 (+27.1%)	$4.853M (+72.5%)	0.1%	$131.76	+30.4%	COM	166764100
CDNS	CADENCE DESIGN SYSTEM INC	13,009 (+99.6%)	$3.615M (+77.4%)	0.1%	$297.24	+2.0%	COM	127387108
PANW	PALO ALTO NETWORKS INC	21,079 (+112.8%)	$3.379M (+85.2%)	0.1%	$182.75	-5.8%	COM	697435105
AME	AMETEK INC	9,442 (+277.4%)	$2.024M (+294.0%)	0.1%	$210.99	+5.8%	COM	031100100
MCO	MOODYS CORP	6,289 (+157.5%)	$2.744M (+119.9%)	0.1%	$483.58	+1.2%	COM	615369105
ORCL	ORACLE CORP	108,268 (+21.6%)	$15.93M (-8.2%)	0.4%	$225.89	-24.9%	COM	68389X105
PLTR	PALANTIR TECHNOLOGIES INC	22,187 (+109.9%)	$3.246M (+72.8%)	0.1%	$138.35	+11.4%	CL A	69608A108
ISRG	INTUITIVE SURGICAL INC	11,732 (+61.6%)	$5.408M (+31.5%)	0.1%	$456.76	+14.1%	COM NEW	46120E602
EMR	EMERSON ELEC CO	39,360 (+34.4%)	$5.157M (+32.7%)	0.1%	$99.33	+49.5%	COM	291011104
MUFG	MITSUBISHI UFJ FINANCIAL GRO	91,129 (+171.0%)	$1.546M (+190.0%)	0.0%	$16.18	—	SPONSORED ADS	606822104
SBUX	STARBUCKS CORP	35,644 (+33.8%)	$3.193M (+42.3%)	0.1%	$83.02	+12.8%	COM	855244109
UL	UNILEVER PLC	145,046 (+3.1%)	$8.263M (-10.2%)	0.2%	$65.14	—	SPON ADR NEW	904767803
DUK	DUKE ENERGY CORP NEW	30,966 (+8.4%)	$4.055M (+21.1%)	0.1%	$80.38	+50.4%	COM NEW	26441C204
ADBE	ADOBE INC	9,800 (+11.9%)	$2.382M (-22.3%)	0.1%	$400.07	-27.5%	COM	00724F101
IBN	ICICI BANK LIMITED	525,324 (+9.8%)	$13.61M (-4.5%)	0.4%	$28.81	—	ADR	45104G104
BKNG	BOOKING HOLDINGS INC	1,822 (+17.5%)	$7.671M (-7.6%)	0.2%	$2477.45	+93.0%	COM	09857L108
NOW	SERVICENOW INC	30,661 (+82.7%)	$3.206M (+24.7%)	0.1%	$145.48	-16.7%	COM	81762P102
HYG	ISHARES TR	36,500 (+23.7%)	$2.904M (+22.2%)	0.1%	$75.55	—	IBOXX HI YD ETF	464288513
SAN	BANCO SANTANDER SA	274,636 (+20.4%)	$3.098M (+15.8%)	0.1%	$9.50	—	ADR	05964H105
DSGX	DESCARTES SYS GROUP INC	190,877 (+26.8%)	$13.63M (+3.2%)	0.4%	$83.55	-9.5%	COM	249906108
GOOG	ALPHABET INC	19,558 (+2.0%)	$5.61M (-6.8%)	0.1%	$140.81	+129.9%	CAP STK CL C	02079K107
DIS	DISNEY WALT CO	36,926 (+11.1%)	$3.559M (-5.9%)	0.1%	$108.58	+0.8%	COM	254687106
DHR	DANAHER CORP DEL	15,602 (+12.6%)	$2.958M (-6.7%)	0.1%	$237.62	-5.4%	COM	235851102
SNY	SANOFI SA	125,277 (+4.1%)	$6.036M (+3.5%)	0.2%	$39.39	—	SPONSORED ADR	80105N105
NGG	NATIONAL GRID PLC	6,667 (+14.7%)	$564K (+25.5%)	0.0%	$74.20	—	SPONSORED ADR NE	636274409
—	ADOBE INC	2,900 (+16.0%)	$163K (+116.8%)	0.0%	—	—	PUT	00724F951
WCN	WASTE CONNECTIONS INC	5,106 (+16.5%)	$827K (+7.6%)	0.0%	$72.98	+129.3%	COM	94106B101
PHO	INVESCO EXCHANGE TRADED FD T	23,300 (+1.7%)	$1.558M (-3.3%)	0.0%	$72.02	—	WATER RES ETF	46137V142
TRI	THOMSON REUTERS CORP	2,941 (+29.2%)	$265K (-12.0%)	0.0%	$120.93	-11.5%	COM	884903808
CIGI	COLLIERS INTL GROUP INC	2,365 (+31.9%)	$252K (-4.4%)	0.0%	$107.47	+25.0%	SUB VTG SHS	194693107
—	VERISK ANALYTICS INC	4,400 (+41.9%)	$107K (+7.9%)	0.0%	—	—	PUT	92345Y956

Exited Positions (8)

AZN ASTRAZENECA PLC 0.2%

Value $6.019M Shares 65,473 Est. Cost $60.53 Unrealized —

WAT WATERS CORP 0.1%

Value $4.14M Shares 10,900 Est. Cost $294.09 Unrealized +24.8%

CCJ CAMECO CORP 0.1%

Value $3.543M Shares 38,672 Est. Cost $29.27 Unrealized +297.3%

ARM ARM HOLDINGS PLC 0.1%

Value $2.176M Shares 19,906 Est. Cost $135.35 Unrealized —

AMBP ARDAGH METAL PACKAGING S A 0.0%

Value $81,930 Shares 19,983 Est. Cost $3.87 Unrealized +16.6%

PLTK PLAYTIKA HLDG CORP 0.0%

Value $58,436 Shares 14,794 Est. Cost $3.91 Unrealized -9.5%

ALIT ALIGHT INC 0.0%

Value $22,608 Shares 11,594 Est. Cost $4.31 Unrealized -66.1%

— WATERS CORP 0.0%

Value $4,151 Shares 3,400 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AZN	ASTRAZENECA PLC	65,473	$6.019M	0.2%	$60.53	—	—	046353108
WAT	WATERS CORP	10,900	$4.14M	0.1%	$294.09	+24.8%	—	941848103
CCJ	CAMECO CORP	38,672	$3.543M	0.1%	$29.27	+297.3%	—	13321L108
ARM	ARM HOLDINGS PLC	19,906	$2.176M	0.1%	$135.35	—	—	042068205
AMBP	ARDAGH METAL PACKAGING S A	19,983	$81,930	0.0%	$3.87	+16.6%	—	L02235106
PLTK	PLAYTIKA HLDG CORP	14,794	$58,436	0.0%	$3.91	-9.5%	—	72815L107
ALIT	ALIGHT INC	11,594	$22,608	0.0%	$4.31	-66.1%	—	01626W101
—	WATERS CORP	3,400	$4,151	0.0%	—	—	PUT	941848953

Decreased Positions (58)

TU TELUS CORPORATION 0.0%

Value $1.635M (-95.4%) Shares 127,559 (-95.2%) Est. Cost $18.19 Unrealized -24.8%

SU SUNCOR ENERGY INC NEW 3.1%

Value $118M (+33.7%) Shares 1,791,267 (-10.0%) Est. Cost $17.55 Unrealized +195.3%

RY ROYAL BK CDA 7.3%

Value $275M (-8.7%) Shares 1,707,110 (-3.4%) Est. Cost $77.19 Unrealized +120.2%

NTR NUTRIEN LTD 0.6%

Value $22.42M (-31.1%) Shares 297,949 (-43.4%) Est. Cost $54.32 Unrealized +25.4%

GIL GILDAN ACTIVEWEAR INC 1.8%

Value $66.56M (-12.8%) Shares 1,199,037 (-1.8%) Est. Cost $57.85 Unrealized +16.5%

AEM AGNICO EAGLE MINES LTD 4.4%

Value $166M (-4.7%) Shares 818,770 (-20.1%) Est. Cost $54.33 Unrealized +279.2%

CM CANADIAN IMPERIAL BANK OF CO 2.1%

Value $77.76M (-8.8%) Shares 823,115 (-12.5%) Est. Cost $42.18 Unrealized +124.2%

MFC MANULIFE FINL CORP 1.3%

Value $50.32M (-8.9%) Shares 1,465,476 (-3.4%) Est. Cost $24.45 Unrealized +51.7%

B BARRICK MNG CORP 0.9%

Value $34.68M (-11.3%) Shares 851,294 (-5.1%) Est. Cost $26.51 Unrealized +82.2%

TD TORONTO DOMINION BK ONT 3.2%

Value $121M (-2.6%) Shares 1,301,737 (-1.4%) Est. Cost $65.02 Unrealized +46.5%

ENB ENBRIDGE INC 1.8%

Value $67M (+4.3%) Shares 1,240,899 (-7.5%) Est. Cost $32.34 Unrealized +50.2%

CME CME GROUP INC 0.2%

Value $8.034M (-24.8%) Shares 27,200 (-30.4%) Est. Cost $190.65 Unrealized +51.8%

HBM HUDBAY MINERALS INC 0.3%

Value $9.472M (-20.8%) Shares 453,764 (-24.6%) Est. Cost $16.91 Unrealized +44.6%

UNH UNITEDHEALTH GROUP INC 0.1%

Value $5.228M (-29.4%) Shares 19,322 (-13.8%) Est. Cost $348.62 Unrealized -11.5%

ROP ROPER TECHNOLOGIES INC 0.0%

Value $1.116M (-64.7%) Shares 3,155 (-55.6%) Est. Cost $420.38 Unrealized -10.1%

INTU INTUIT 0.0%

Value $1.659M (-54.2%) Shares 3,837 (-29.8%) Est. Cost $451.86 Unrealized +10.1%

BIPC BROOKFIELD INFRASTRUCTURE CO 0.3%

Value $11.85M (-14.2%) Shares 300,774 (-1.0%) Est. Cost $40.13 Unrealized +17.2%

NKE NIKE INC 0.1%

Value $5.079M (-23.9%) Shares 96,161 (-8.2%) Est. Cost $83.76 Unrealized -23.6%

ACN ACCENTURE PLC IRELAND 0.1%

Value $2.142M (-41.3%) Shares 10,800 (-20.6%) Est. Cost $175.46 Unrealized +44.3%

VRSK VERISK ANALYTICS INC 0.1%

Value $2.808M (-33.6%) Shares 14,800 (-21.8%) Est. Cost $203.06 Unrealized +0.3%

TFII TRANSFORCE INC 0.1%

Value $2.327M (-37.1%) Shares 21,446 (-40.0%) Est. Cost $91.75 Unrealized +24.3%

MKTX MARKETAXESS HLDGS INC 0.1%

Value $3.019M (-29.7%) Shares 18,300 (-22.8%) Est. Cost $266.83 Unrealized -35.2%

YUMC YUM CHINA HLDGS INC 0.2%

Value $6.079M (-17.3%) Shares 124,615 (-19.0%) Est. Cost $40.82 Unrealized +26.2%

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value $1.89M (-38.9%) Shares 9,300 (-22.6%) Est. Cost $180.33 Unrealized +33.5%

ILMN ILLUMINA INC 0.1%

Value $3.229M (-25.4%) Shares 26,200 (-20.6%) Est. Cost $186.60 Unrealized -27.4%

CL COLGATE PALMOLIVE CO 0.1%

Value $3.997M (-17.7%) Shares 46,900 (-23.7%) Est. Cost $73.81 Unrealized +20.2%

MGA MAGNA INTL INC 0.1%

Value $2.981M (-22.3%) Shares 53,545 (-25.6%) Est. Cost $42.04 Unrealized +36.2%

AMAT APPLIED MATLS INC 0.1%

Value $2.982M (-21.9%) Shares 8,725 (-41.2%) Est. Cost $157.74 Unrealized +107.0%

ALC ALCON AG 0.1%

Value $2.278M (-25.3%) Shares 30,400 (-20.4%) Est. Cost $88.30 Unrealized -8.9%

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value $562K (-40.4%) Shares 6,212 (-40.7%) Est. Cost $94.58 Unrealized -3.1%

IMO IMPERIAL OIL LTD 0.1%

Value $3.455M (-9.3%) Shares 26,463 (-39.9%) Est. Cost $26.28 Unrealized +299.4%

AQN ALGONQUIN POWER & UTILITIES 0.0%

Value $127K (-72.9%) Shares 20,801 (-72.7%) Est. Cost $9.95 Unrealized -34.6%

TECK TECK RESOURCES LTD 1.1%

Value $42.89M (-0.7%) Shares 831,598 (-7.7%) Est. Cost $36.00 Unrealized +52.7%

DECK DECKERS OUTDOOR CORP 0.0%

Value $629K (-29.6%) Shares 6,280 (-27.0%) Est. Cost $93.73 Unrealized +16.9%

— MASTERCARD INCORPORATED 0.0%

Value $228K (+514.6%) Shares 2,800 (-22.2%) Est. Cost — Unrealized —

— UNITEDHEALTH GROUP INC 0.0%

Value $269K (+241.8%) Shares 4,100 (-8.9%) Est. Cost — Unrealized —

CRH CRH PLC 0.0%

Value $779K (-18.6%) Shares 7,408 (-3.3%) Est. Cost $54.36 Unrealized +128.7%

— ACCENTURE PLC IRELAND 0.0%

Value $189K (+481.5%) Shares 3,300 (-19.5%) Est. Cost — Unrealized —

PG PROCTER & GAMBLE CO 0.3%

Value $10.37M (-1.0%) Shares 71,810 (-1.8%) Est. Cost $98.88 Unrealized +53.5%

PEP PEPSICO INC 0.0%

Value $248K (-27.6%) Shares 1,595 (-33.1%) Est. Cost $120.58 Unrealized +28.3%

— BOOKING HOLDINGS INC 0.0%

Value $177K (+98.9%) Shares 300 (-25.0%) Est. Cost — Unrealized —

— NIKE INC 0.0%

Value $189K (+70.3%) Shares 15,700 (-17.8%) Est. Cost — Unrealized —

ICLN ISHARES TR 0.0%

Value $1.697M (-3.0%) Shares 92,800 (-13.0%) Est. Cost $15.48 Unrealized —

— YUM CHINA HLDGS INC 0.0%

Value $168K (+45.5%) Shares 37,200 (-15.6%) Est. Cost — Unrealized —

— MICROSOFT CORP 0.0%

Value $209K (+20.9%) Shares 2,800 (-24.3%) Est. Cost — Unrealized —

MFG MIZUHO FINANCIAL GROUP INC 0.0%

Value $669K (+4.8%) Shares 84,299 (-3.3%) Est. Cost $5.93 Unrealized —

— APPLE INC 0.0%

Value $13,178 (-68.4%) Shares 600 (-68.4%) Est. Cost — Unrealized —

— AUTOMATIC DATA PROCESSING IN 0.0%

Value $83,299 (-24.3%) Shares 2,800 (-20.0%) Est. Cost — Unrealized —

JXI ISHARES TR 0.1%

Value $2.271M (+1.1%) Shares 26,300 (-8.0%) Est. Cost $69.31 Unrealized —

IBAT ISHARES TR 0.0%

Value $1.675M (+1.5%) Shares 49,100 (-14.9%) Est. Cost $28.24 Unrealized —

— COLGATE PALMOLIVE CO 0.0%

Value $73,790 (-24.6%) Shares 14,700 (-19.7%) Est. Cost — Unrealized —

RTX RTX CORPORATION 0.1%

Value $3.807M (+0.6%) Shares 19,735 (-4.3%) Est. Cost $82.25 Unrealized +139.1%

— MARKETAXESS HLDGS INC 0.0%

Value $64,630 (-21.5%) Shares 5,600 (-18.8%) Est. Cost — Unrealized —

— CME GROUP INC 0.0%

Value $129K (+12.1%) Shares 8,700 (-25.0%) Est. Cost — Unrealized —

— HOME DEPOT INC 0.0%

Value $13,557 (-39.4%) Shares 200 (-60.0%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.0%

Value $812K (+0.7%) Shares 2,402 (-9.5%) Est. Cost $248.98 Unrealized —

— ILLUMINA INC 0.0%

Value $15,907 (-25.8%) Shares 8,000 (-17.5%) Est. Cost — Unrealized —

— PEPSICO INC 0.0%

Value $3,629 (+125.5%) Shares 300 (-50.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TU	TELUS CORPORATION	127,559 (-95.2%)	$1.635M (-95.4%)	0.0%	$18.19	-24.8%	COM	87971M103
SU	SUNCOR ENERGY INC NEW	1,791,267 (-10.0%)	$118M (+33.7%)	3.1%	$17.55	+195.3%	COM	867224107
RY	ROYAL BK CDA	1,707,110 (-3.4%)	$275M (-8.7%)	7.3%	$77.19	+120.2%	COM	780087102
NTR	NUTRIEN LTD	297,949 (-43.4%)	$22.42M (-31.1%)	0.6%	$54.32	+25.4%	COM	67077M108
GIL	GILDAN ACTIVEWEAR INC	1,199,037 (-1.8%)	$66.56M (-12.8%)	1.8%	$57.85	+16.5%	COM	375916103
AEM	AGNICO EAGLE MINES LTD	818,770 (-20.1%)	$166M (-4.7%)	4.4%	$54.33	+279.2%	COM	008474108
CM	CANADIAN IMPERIAL BANK OF CO	823,115 (-12.5%)	$77.76M (-8.8%)	2.1%	$42.18	+124.2%	COM	136069101
MFC	MANULIFE FINL CORP	1,465,476 (-3.4%)	$50.32M (-8.9%)	1.3%	$24.45	+51.7%	COM	56501R106
B	BARRICK MNG CORP	851,294 (-5.1%)	$34.68M (-11.3%)	0.9%	$26.51	+82.2%	COM SHS	06849F108
TD	TORONTO DOMINION BK ONT	1,301,737 (-1.4%)	$121M (-2.6%)	3.2%	$65.02	+46.5%	COM NEW	891160509
ENB	ENBRIDGE INC	1,240,899 (-7.5%)	$67M (+4.3%)	1.8%	$32.34	+50.2%	COM	29250N105
CME	CME GROUP INC	27,200 (-30.4%)	$8.034M (-24.8%)	0.2%	$190.65	+51.8%	COM	12572Q105
HBM	HUDBAY MINERALS INC	453,764 (-24.6%)	$9.472M (-20.8%)	0.3%	$16.91	+44.6%	COM	443628102
UNH	UNITEDHEALTH GROUP INC	19,322 (-13.8%)	$5.228M (-29.4%)	0.1%	$348.62	-11.5%	COM	91324P102
ROP	ROPER TECHNOLOGIES INC	3,155 (-55.6%)	$1.116M (-64.7%)	0.0%	$420.38	-10.1%	COM	776696106
INTU	INTUIT	3,837 (-29.8%)	$1.659M (-54.2%)	0.0%	$451.86	+10.1%	COM	461202103
BIPC	BROOKFIELD INFRASTRUCTURE CO	300,774 (-1.0%)	$11.85M (-14.2%)	0.3%	$40.13	+17.2%	COM SUB VTG A	11276H106
NKE	NIKE INC	96,161 (-8.2%)	$5.079M (-23.9%)	0.1%	$83.76	-23.6%	CL B	654106103
ACN	ACCENTURE PLC IRELAND	10,800 (-20.6%)	$2.142M (-41.3%)	0.1%	$175.46	+44.3%	SHS CLASS A	G1151C101
VRSK	VERISK ANALYTICS INC	14,800 (-21.8%)	$2.808M (-33.6%)	0.1%	$203.06	+0.3%	COM	92345Y106
TFII	TRANSFORCE INC	21,446 (-40.0%)	$2.327M (-37.1%)	0.1%	$91.75	+24.3%	COM	87241L109
MKTX	MARKETAXESS HLDGS INC	18,300 (-22.8%)	$3.019M (-29.7%)	0.1%	$266.83	-35.2%	COM	57060D108
YUMC	YUM CHINA HLDGS INC	124,615 (-19.0%)	$6.079M (-17.3%)	0.2%	$40.82	+26.2%	COM	98850P109
ADP	AUTOMATIC DATA PROCESSING IN	9,300 (-22.6%)	$1.89M (-38.9%)	0.0%	$180.33	+33.5%	COM	053015103
ILMN	ILLUMINA INC	26,200 (-20.6%)	$3.229M (-25.4%)	0.1%	$186.60	-27.4%	COM	452327109
CL	COLGATE PALMOLIVE CO	46,900 (-23.7%)	$3.997M (-17.7%)	0.1%	$73.81	+20.2%	COM	194162103
MGA	MAGNA INTL INC	53,545 (-25.6%)	$2.981M (-22.3%)	0.1%	$42.04	+36.2%	COM	559222401
AMAT	APPLIED MATLS INC	8,725 (-41.2%)	$2.982M (-21.9%)	0.1%	$157.74	+107.0%	COM	038222105
ALC	ALCON AG	30,400 (-20.4%)	$2.278M (-25.3%)	0.1%	$88.30	-8.9%	ORD SHS	H01301128
ZBH	ZIMMER BIOMET HOLDINGS INC	6,212 (-40.7%)	$562K (-40.4%)	0.0%	$94.58	-3.1%	COM	98956P102
IMO	IMPERIAL OIL LTD	26,463 (-39.9%)	$3.455M (-9.3%)	0.1%	$26.28	+299.4%	COM NEW	453038408
AQN	ALGONQUIN POWER & UTILITIES	20,801 (-72.7%)	$127K (-72.9%)	0.0%	$9.95	-34.6%	COM	015857105
TECK	TECK RESOURCES LTD	831,598 (-7.7%)	$42.89M (-0.7%)	1.1%	$36.00	+52.7%	CL B	878742204
DECK	DECKERS OUTDOOR CORP	6,280 (-27.0%)	$629K (-29.6%)	0.0%	$93.73	+16.9%	COM	243537107
—	MASTERCARD INCORPORATED	2,800 (-22.2%)	$228K (+514.6%)	0.0%	—	—	PUT	57636Q954
—	UNITEDHEALTH GROUP INC	4,100 (-8.9%)	$269K (+241.8%)	0.0%	—	—	PUT	91324P952
CRH	CRH PLC	7,408 (-3.3%)	$779K (-18.6%)	0.0%	$54.36	+128.7%	ORD	G25508105
—	ACCENTURE PLC IRELAND	3,300 (-19.5%)	$189K (+481.5%)	0.0%	—	—	PUT	G1151C951
PG	PROCTER & GAMBLE CO	71,810 (-1.8%)	$10.37M (-1.0%)	0.3%	$98.88	+53.5%	COM	742718109
PEP	PEPSICO INC	1,595 (-33.1%)	$248K (-27.6%)	0.0%	$120.58	+28.3%	COM	713448108
—	BOOKING HOLDINGS INC	300 (-25.0%)	$177K (+98.9%)	0.0%	—	—	PUT	09857L958
—	NIKE INC	15,700 (-17.8%)	$189K (+70.3%)	0.0%	—	—	PUT	654106953
ICLN	ISHARES TR	92,800 (-13.0%)	$1.697M (-3.0%)	0.0%	$15.48	—	GL CLEAN ENE ETF	464288224
—	YUM CHINA HLDGS INC	37,200 (-15.6%)	$168K (+45.5%)	0.0%	—	—	PUT	98850P959
—	MICROSOFT CORP	2,800 (-24.3%)	$209K (+20.9%)	0.0%	—	—	PUT	594918954
MFG	MIZUHO FINANCIAL GROUP INC	84,299 (-3.3%)	$669K (+4.8%)	0.0%	$5.93	—	SPONSORED ADR	60687Y109
—	APPLE INC	600 (-68.4%)	$13,178 (-68.4%)	0.0%	—	—	PUT	037833950
—	AUTOMATIC DATA PROCESSING IN	2,800 (-20.0%)	$83,299 (-24.3%)	0.0%	—	—	PUT	053015953
JXI	ISHARES TR	26,300 (-8.0%)	$2.271M (+1.1%)	0.1%	$69.31	—	GLOB UTILITS ETF	464288711
IBAT	ISHARES TR	49,100 (-14.9%)	$1.675M (+1.5%)	0.0%	$28.24	—	ENERGY STRG & MA	46438G737
—	COLGATE PALMOLIVE CO	14,700 (-19.7%)	$73,790 (-24.6%)	0.0%	—	—	PUT	194162953
RTX	RTX CORPORATION	19,735 (-4.3%)	$3.807M (+0.6%)	0.1%	$82.25	+139.1%	COM	75513E101
—	MARKETAXESS HLDGS INC	5,600 (-18.8%)	$64,630 (-21.5%)	0.0%	—	—	PUT	57060D958
—	CME GROUP INC	8,700 (-25.0%)	$129K (+12.1%)	0.0%	—	—	PUT	12572Q955
—	HOME DEPOT INC	200 (-60.0%)	$13,557 (-39.4%)	0.0%	—	—	PUT	437076952
TSM	TAIWAN SEMICONDUCTOR MANUFAC	2,402 (-9.5%)	$812K (+0.7%)	0.0%	$248.98	—	SPONSORED ADS	874039100
—	ILLUMINA INC	8,000 (-17.5%)	$15,907 (-25.8%)	0.0%	—	—	PUT	452327959
—	PEPSICO INC	300 (-50.0%)	$3,629 (+125.5%)	0.0%	—	—	PUT	713448958

Unchanged Positions (25)

CP CANADIAN PACIFIC KANSAS CITY 2.5%

Value $95.93M Shares 1,222,910 Est. Cost $75.94 Unrealized +1.7%

BMO BANK MONTREAL MEDIUM 2.4%

Value $91.9M Shares 680,673 Est. Cost $58.75 Unrealized +136.4%

FTS FORTIS INC 1.1%

Value $41.42M Shares 744,877 Est. Cost $31.13 Unrealized +71.6%

PBA PEMBINA PIPELINE CORP 0.5%

Value $19.92M Shares 445,859 Est. Cost $18.94 Unrealized +116.4%

BNS BANK NOVA SCOTIA B C 0.9%

Value $34.09M Shares 493,081 Est. Cost $33.93 Unrealized +120.9%

CVE CENOVUS ENERGY INC 0.2%

Value $6.339M Shares 239,597 Est. Cost $17.37 Unrealized +12.9%

TRP TC ENERGY CORP 0.5%

Value $17.63M Shares 282,852 Est. Cost $36.22 Unrealized +60.7%

OSK OSHKOSH CORP 0.1%

Value $5.48M Shares 37,227 Est. Cost $127.92 Unrealized +23.5%

AXP AMERICAN EXPRESS CO 0.1%

Value $2.719M Shares 8,988 Est. Cost $117.35 Unrealized +203.5%

TXN TEXAS INSTRS INC 0.1%

Value $3.683M Shares 18,971 Est. Cost $133.95 Unrealized +54.0%

GRTUF GRANITE REAL ESTATE INVT TR 0.4%

Value $15.74M Shares 268,462 Est. Cost $48.60 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value $1.195M Shares 2,432 Est. Cost $565.16 Unrealized +1.7%

SLF SUN LIFE FINANCIAL INC. 0.8%

Value $29.36M Shares 470,211 Est. Cost $45.20 Unrealized +42.0%

EQX EQUINOX GOLD CORP 0.1%

Value $5.14M Shares 357,019 Est. Cost $12.62 Unrealized +23.0%

WAB WABTEC 0.0%

Value $744K Shares 2,978 Est. Cost $205.33 Unrealized +16.4%

ING ING GROEP N.V. 0.0%

Value $1.169M Shares 44,883 Est. Cost $28.00 Unrealized —

HSIC SCHEIN HENRY INC 0.1%

Value $3.057M Shares 41,476 Est. Cost $70.36 Unrealized +10.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $1.512M Shares 3,155 Est. Cost $497.53 Unrealized -0.8%

WFG WEST FRASER TIMBER LTD 0.0%

Value $1.168M Shares 17,939 Est. Cost $62.58 Unrealized +10.8%

BEP BROOKFIELD RENEWABLE ENERGY 0.0%

Value $376K Shares 11,567 Est. Cost $33.01 Unrealized —

ATS ATS CORPORATION 0.0%

Value $1.319M Shares 46,955 Est. Cost $26.71 Unrealized +12.2%

EMA EMERA INC 0.0%

Value $427K Shares 8,260 Est. Cost $43.35 Unrealized +14.8%

BCE BCE INC 0.0%

Value $227K Shares 9,039 Est. Cost $33.59 Unrealized -25.5%

AZO AUTOZONE INC 0.0%

Value $1.29M Shares 382 Est. Cost $3777.86 Unrealized -4.0%

EUSB ISHARES TR 0.0%

Value $592K Shares 13,600 Est. Cost $43.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CP	CANADIAN PACIFIC KANSAS CITY	1,222,910	$95.93M	2.5%	$75.94	+1.7%	COM	13646K108
BMO	BANK MONTREAL MEDIUM	680,673	$91.9M	2.4%	$58.75	+136.4%	COM	063671101
FTS	FORTIS INC	744,877	$41.42M	1.1%	$31.13	+71.6%	COM	349553107
PBA	PEMBINA PIPELINE CORP	445,859	$19.92M	0.5%	$18.94	+116.4%	COM	706327103
BNS	BANK NOVA SCOTIA B C	493,081	$34.09M	0.9%	$33.93	+120.9%	COM	064149107
CVE	CENOVUS ENERGY INC	239,597	$6.339M	0.2%	$17.37	+12.9%	COM	15135U109
TRP	TC ENERGY CORP	282,852	$17.63M	0.5%	$36.22	+60.7%	COM	87807B107
OSK	OSHKOSH CORP	37,227	$5.48M	0.1%	$127.92	+23.5%	COM	688239201
AXP	AMERICAN EXPRESS CO	8,988	$2.719M	0.1%	$117.35	+203.5%	COM	025816109
TXN	TEXAS INSTRS INC	18,971	$3.683M	0.1%	$133.95	+54.0%	COM	882508104
GRTUF	GRANITE REAL ESTATE INVT TR	268,462	$15.74M	0.4%	$48.60	—	TR UNIT NEW	387437205
TMO	THERMO FISHER SCIENTIFIC INC	2,432	$1.195M	0.0%	$565.16	+1.7%	COM	883556102
SLF	SUN LIFE FINANCIAL INC.	470,211	$29.36M	0.8%	$45.20	+42.0%	COM	866796105
EQX	EQUINOX GOLD CORP	357,019	$5.14M	0.1%	$12.62	+23.0%	COM	29446Y502
WAB	WABTEC	2,978	$744K	0.0%	$205.33	+16.4%	COM	929740108
ING	ING GROEP N.V.	44,883	$1.169M	0.0%	$28.00	—	SPONSORED ADR	456837103
HSIC	SCHEIN HENRY INC	41,476	$3.057M	0.1%	$70.36	+10.9%	COM	806407102
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,155	$1.512M	0.0%	$497.53	-0.8%	CL B NEW	084670702
WFG	WEST FRASER TIMBER LTD	17,939	$1.168M	0.0%	$62.58	+10.8%	COM	952845105
BEP	BROOKFIELD RENEWABLE ENERGY	11,567	$376K	0.0%	$33.01	—	PARTNERSHIP UNIT	G16258108
ATS	ATS CORPORATION	46,955	$1.319M	0.0%	$26.71	+12.2%	COM	00217Y104
EMA	EMERA INC	8,260	$427K	0.0%	$43.35	+14.8%	COM	290876101
BCE	BCE INC	9,039	$227K	0.0%	$33.59	-25.5%	COM NEW	05534B760
AZO	AUTOZONE INC	382	$1.29M	0.0%	$3777.86	-4.0%	COM	053332102
EUSB	ISHARES TR	13,600	$592K	0.0%	$43.40	—	ESG ADVANCED UNI	46436E619