VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PLC SHS	743,548	$135,489	1.2%	$178.08	0.0%	SHS	G4705A100
GEV	GE VERNOVA INC COM	36,052	$23,563	0.2%	$609.04	0.0%	COM	36828A101
YETI	YETI HLDGS INC COM	385,661	$17,035	0.1%	$38.46	0.0%	COM	98585X104
WST	WEST PHARMACEUTICAL SVSC INC COM	54,515	$14,999	0.1%	$273.43	0.0%	COM	955306105
WPC	WP CAREY INC COM	171,804	$11,057	0.1%	$64.36	—	COM	92936U109
ETN	EATON CORP PLC SHS	33,779	$10,759	0.1%	$354.39	0.0%	SHS	G29183103
ENB	ENBRIDGE INC COM	148,425	$9,749	0.1%	$47.11	0.0%	COM	29250N105
ED	CONSOLIDATED EDISON INC COM	94,213	$9,357	0.1%	$98.79	0.0%	COM	209115104
LXP	LXP INDUSTRIAL TRUST COM	173,083	$8,581	0.1%	$49.58	—	COM	529043408
VZ	VERIZON COMMUNICATIONS INC COM	208,272	$8,483	0.1%	$40.48	0.0%	COM	92343V104
PFSI	PENNYMAC FINL SVCS INC NEW COM	62,939	$8,298	0.1%	$126.84	0.0%	COM	70932M107
WMT	WALMART INC COM	65,935	$7,383	0.1%	$107.20	0.0%	COM	931142103
KIM	KIMCO RLTY CORP COM	350,452	$7,104	0.1%	$20.57	0.0%	COM	49446R109
GOOG	ALPHABET INC CAP STK CL C	21,220	$6,659	0.1%	$286.33	0.0%	CAP STK CL C	02079K107
PLTR	PALANTIR TECHNOLOGIES INC CL A	17,634	$3,134	0.0%	$181.03	0.0%	CL A	69608A108
QCOM	QUALCOMM INC COM	12,501	$2,138	0.0%	$170.79	0.0%	COM	747525103
LINE	LINEAGE INC COM	38,598	$1,351	0.0%	$35.00	—	COM	53566V106
MSA	MSA SAFETY INC COM	1,902	$305	0.0%	$162.81	0.0%	COM	553498106

Increased Positions (104)

BRO BROWN & BROWN INC COM 3.1%

Value ($000) $361,725 (+97.8%) Shares 4,538,584 (+132.8%) Est. Cost $89.30 Unrealized -6.6%

ZTS ZOETIS INC CL A 1.1%

Value ($000) $132,596 (+570.8%) Shares 1,053,857 (+680.1%) Est. Cost $135.97 Unrealized -4.2%

MKL MARKEL GROUP INC COM 3.8%

Value ($000) $440,379 (+27.1%) Shares 204,861 (+13.0%) Est. Cost $1648.82 Unrealized +22.9%

LEN LENNAR CORP CL A 1.7%

Value ($000) $201,835 (+55.7%) Shares 1,963,373 (+90.9%) Est. Cost $115.44 Unrealized +4.6%

BKNG BOOKING HOLDINGS INC COM 4.2%

Value ($000) $494,227 (+9.6%) Shares 92,287 (+10.5%) Est. Cost $3039.91 Unrealized +69.0%

META META PLATFORMS INC CL A 4.0%

Value ($000) $471,687 (-7.4%) Shares 714,580 (+3.1%) Est. Cost $335.10 Unrealized +99.1%

MSFT MICROSOFT CORP COM 5.6%

Value ($000) $658,348 (-5.0%) Shares 1,361,292 (+1.8%) Est. Cost $296.31 Unrealized +68.9%

AMZN AMAZON COM INC COM 3.6%

Value ($000) $419,751 (+8.2%) Shares 1,818,519 (+2.9%) Est. Cost $160.06 Unrealized +42.9%

NXPI NXP SEMICONDUCTORS N V COM 3.9%

Value ($000) $454,984 (+6.9%) Shares 2,096,119 (+12.1%) Est. Cost $201.69 Unrealized +5.9%

LRCX LAM RESEARCH CORP COM NEW 0.3%

Value ($000) $33,966 (+373.6%) Shares 198,425 (+270.4%) Est. Cost $133.96 Unrealized +16.0%

AAPL APPLE INC COM 1.4%

Value ($000) $166,678 (+17.8%) Shares 613,102 (+10.4%) Est. Cost $193.62 Unrealized +38.6%

ALGN ALIGN TECHNOLOGY INC COM 0.3%

Value ($000) $35,399 (+216.1%) Shares 226,699 (+153.5%) Est. Cost $148.70 Unrealized -3.6%

WCC WESCO INTL INC COM 0.4%

Value ($000) $45,506 (+102.2%) Shares 186,012 (+74.8%) Est. Cost $224.56 Unrealized +9.1%

CB CHUBB LIMITED COM 1.7%

Value ($000) $202,067 (+12.0%) Shares 647,401 (+1.3%) Est. Cost $264.64 Unrealized +10.5%

DHR DANAHER CORPORATION COM 1.2%

Value ($000) $136,363 (+17.1%) Shares 595,678 (+1.4%) Est. Cost $221.52 Unrealized -0.9%

RY ROYAL BK CDA COM 0.6%

Value ($000) $74,698 (+35.1%) Shares 321,162 (+18.4%) Est. Cost $102.49 Unrealized +49.8%

PTC PTC INC COM 1.9%

Value ($000) $226,552 (+9.2%) Shares 1,300,452 (+27.3%) Est. Cost $156.05 Unrealized +19.1%

WMS ADVANCED DRAIN SYS INC DEL COM 0.2%

Value ($000) $28,945 (+172.5%) Shares 199,858 (+161.0%) Est. Cost $139.46 Unrealized +3.7%

V VISA INC COM CL A 1.8%

Value ($000) $208,932 (+9.6%) Shares 595,740 (+6.6%) Est. Cost $255.29 Unrealized +33.3%

CPAY CORPAY INC COM SHS 1.8%

Value ($000) $210,493 (+9.4%) Shares 699,476 (+4.7%) Est. Cost $341.91 Unrealized -15.1%

ACN ACCENTURE PLC IRELAND SHS CLASS A 0.3%

Value ($000) $39,940 (+81.5%) Shares 148,864 (+66.8%) Est. Cost $295.04 Unrealized -13.9%

LLY ELI LILLY & CO COM 0.5%

Value ($000) $54,807 (+48.5%) Shares 50,998 (+5.4%) Est. Cost $814.31 Unrealized +17.3%

SPOT SPOTIFY TECHNOLOGY S A SHS 2.1%

Value ($000) $244,835 (+7.3%) Shares 421,613 (+28.9%) Est. Cost $577.24 Unrealized +8.3%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 1.5%

Value ($000) $178,383 (+7.9%) Shares 354,885 (+8.0%) Est. Cost $381.28 Unrealized +30.5%

BSX BOSTON SCIENTIFIC CORP COM 0.2%

Value ($000) $26,180 (+97.5%) Shares 274,565 (+102.2%) Est. Cost $99.89 Unrealized -1.9%

CAT CATERPILLAR INC COM 0.3%

Value ($000) $30,637 (+72.1%) Shares 53,480 (+43.4%) Est. Cost $433.75 Unrealized +28.1%

AHR AMERICAN HEALTHCARE REIT INC COM SHS 0.1%

Value ($000) $11,993 (+717.7%) Shares 254,837 (+630.0%) Est. Cost $46.37 Unrealized —

SPGI S&P GLOBAL INC COM 0.2%

Value ($000) $22,101 (+89.9%) Shares 42,292 (+76.9%) Est. Cost $420.12 Unrealized +17.6%

TROX TRONOX HOLDINGS PLC SHS 0.2%

Value ($000) $18,128 (+131.4%) Shares 4,347,134 (+123.0%) Est. Cost $8.49 Unrealized -55.2%

ABT ABBOTT LABS COM 0.2%

Value ($000) $23,654 (+71.7%) Shares 188,796 (+83.5%) Est. Cost $119.79 Unrealized +6.3%

NEM NEWMONT CORP COM 0.1%

Value ($000) $10,010 (+4632.2%) Shares 100,252 (+3895.7%) Est. Cost $89.26 Unrealized +1.0%

KO COCA COLA CO COM 0.3%

Value ($000) $29,352 (+47.4%) Shares 419,855 (+39.8%) Est. Cost $62.54 Unrealized +11.0%

ANET ARISTA NETWORKS INC COM SHS 0.1%

Value ($000) $17,410 (+113.0%) Shares 132,873 (+136.9%) Est. Cost $120.67 Unrealized +14.1%

COST COSTCO WHSL CORP NEW COM 0.2%

Value ($000) $18,052 (+89.1%) Shares 20,934 (+103.0%) Est. Cost $824.83 Unrealized +9.8%

CROX CROCS INC COM 0.1%

Value ($000) $14,553 (+140.7%) Shares 170,169 (+135.2%) Est. Cost $86.89 Unrealized -3.7%

PEP PEPSICO INC COM 0.4%

Value ($000) $45,763 (+22.3%) Shares 318,864 (+19.7%) Est. Cost $141.08 Unrealized +3.4%

MA MASTERCARD INCORPORATED CL A 0.2%

Value ($000) $23,443 (+54.4%) Shares 41,064 (+53.9%) Est. Cost $415.52 Unrealized +34.5%

ISRG INTUITIVE SURGICAL INC COM NEW 0.2%

Value ($000) $23,542 (+51.6%) Shares 41,567 (+19.7%) Est. Cost $527.70 Unrealized +0.9%

LIN LINDE PLC SHS 0.2%

Value ($000) $25,794 (+42.9%) Shares 60,493 (+59.2%) Est. Cost $419.04 Unrealized +2.0%

CACI CACI INTL INC CL A 0.3%

Value ($000) $39,121 (+19.0%) Shares 73,423 (+11.4%) Est. Cost $491.75 Unrealized +14.9%

TSLA TESLA INC COM 0.2%

Value ($000) $26,601 (+26.5%) Shares 59,151 (+25.1%) Est. Cost $277.77 Unrealized +59.6%

ROL ROLLINS INC COM 0.1%

Value ($000) $14,943 (+58.8%) Shares 248,960 (+55.4%) Est. Cost $56.77 Unrealized +3.3%

PEG PUBLIC SVC ENTERPRISE GRP IN COM 0.4%

Value ($000) $40,958 (+14.6%) Shares 510,061 (+19.1%) Est. Cost $63.46 Unrealized +27.8%

KMI KINDER MORGAN INC DEL COM 0.2%

Value ($000) $18,128 (+38.6%) Shares 659,452 (+42.7%) Est. Cost $17.84 Unrealized +50.8%

EW EDWARDS LIFESCIENCES CORP COM 0.1%

Value ($000) $15,048 (+46.3%) Shares 176,519 (+33.4%) Est. Cost $82.81 Unrealized -0.9%

NVDA NVIDIA CORPORATION COM 1.9%

Value ($000) $219,395 (+2.0%) Shares 1,176,381 (+2.0%) Est. Cost $98.90 Unrealized +88.2%

CNH CNH INDL N V SHS 0.2%

Value ($000) $28,733 (-12.8%) Shares 3,116,375 (+2.6%) Est. Cost $10.23 Unrealized -2.4%

TTWO TAKE-TWO INTERACTIVE SOFTWAR COM 0.1%

Value ($000) $15,737 (+35.9%) Shares 61,467 (+37.2%) Est. Cost $229.34 Unrealized +8.7%

JBL JABIL INC COM 0.3%

Value ($000) $37,448 (+12.4%) Shares 164,233 (+7.1%) Est. Cost $71.76 Unrealized +197.2%

FIS FIDELITY NATL INFORMATION SV COM 0.4%

Value ($000) $43,950 (+10.4%) Shares 661,297 (+9.5%) Est. Cost $72.79 Unrealized -9.8%

TJX TJX COS INC NEW COM 0.2%

Value ($000) $20,928 (+24.6%) Shares 136,244 (+17.2%) Est. Cost $123.99 Unrealized +19.1%

JPM JPMORGAN CHASE & CO. COM 0.6%

Value ($000) $72,174 (+5.6%) Shares 223,990 (+3.4%) Est. Cost $181.60 Unrealized +70.5%

REG REGENCY CTRS CORP COM 0.1%

Value ($000) $6,349 (+144.9%) Shares 91,969 (+158.7%) Est. Cost $69.68 Unrealized -0.3%

LFUS LITTELFUSE INC COM 2.1%

Value ($000) $247,988 (+1.5%) Shares 980,498 (+3.9%) Est. Cost $227.86 Unrealized +11.7%

GILD GILEAD SCIENCES INC COM 0.3%

Value ($000) $32,858 (+11.9%) Shares 267,702 (+1.2%) Est. Cost $64.67 Unrealized +86.9%

PGR PROGRESSIVE CORP COM 0.1%

Value ($000) $14,115 (+31.4%) Shares 61,985 (+42.5%) Est. Cost $233.59 Unrealized -9.1%

TRGP TARGA RES CORP COM 0.1%

Value ($000) $10,070 (+46.6%) Shares 54,579 (+33.2%) Est. Cost $123.62 Unrealized +36.0%

OHI OMEGA HEALTHCARE INVS INC COM 0.1%

Value ($000) $9,961 (+46.4%) Shares 224,656 (+39.4%) Est. Cost $40.16 Unrealized —

PRU PRUDENTIAL FINL INC COM 0.3%

Value ($000) $30,242 (+10.8%) Shares 267,910 (+1.9%) Est. Cost $72.83 Unrealized +46.2%

WELL WELLTOWER INC COM 0.2%

Value ($000) $21,543 (+15.3%) Shares 116,066 (+10.6%) Est. Cost $117.45 Unrealized +58.8%

BN BROOKFIELD CORP CL A LTD VT SH 0.1%

Value ($000) $13,270 (+26.0%) Shares 210,566 (+90.7%) Est. Cost $41.89 Unrealized +8.7%

SYY SYSCO CORP COM 0.2%

Value ($000) $28,490 (-8.4%) Shares 386,615 (+2.3%) Est. Cost $69.45 Unrealized +8.7%

ECL ECOLAB INC COM 0.2%

Value ($000) $20,666 (+14.4%) Shares 78,723 (+19.3%) Est. Cost $221.16 Unrealized +20.1%

NXST NEXSTAR MEDIA GROUP INC COMMON STOCK 0.3%

Value ($000) $35,141 (+7.4%) Shares 173,068 (+4.6%) Est. Cost $152.54 Unrealized +26.4%

WLK WESTLAKE CORPORATION COM 0.1%

Value ($000) $17,444 (+15.5%) Shares 235,919 (+20.3%) Est. Cost $78.79 Unrealized -10.2%

PH PARKER-HANNIFIN CORP COM 0.1%

Value ($000) $12,719 (+22.4%) Shares 14,471 (+5.6%) Est. Cost $665.46 Unrealized +22.9%

DE DEERE & CO COM 0.2%

Value ($000) $21,349 (+11.3%) Shares 45,855 (+9.4%) Est. Cost $371.41 Unrealized +25.9%

GE GE AEROSPACE COM NEW 0.2%

Value ($000) $22,546 (+10.0%) Shares 73,193 (+7.4%) Est. Cost $224.28 Unrealized +34.1%

TRP TC ENERGY CORP COM 0.1%

Value ($000) $16,542 (+13.7%) Shares 218,865 (+13.8%) Est. Cost $47.00 Unrealized +13.5%

MSM MSC INDL DIRECT INC CL A 0.3%

Value ($000) $29,373 (-6.3%) Shares 349,263 (+2.7%) Est. Cost $89.01 Unrealized -2.6%

NOW SERVICENOW INC COM 0.1%

Value ($000) $5,926 (-24.6%) Shares 38,687 (+352.9%) Est. Cost $162.19 Unrealized +5.8%

NFLX NETFLIX INC COM 0.2%

Value ($000) $19,834 (+10.4%) Shares 211,537 (+1311.8%) Est. Cost $107.07 Unrealized +0.7%

ADBE ADOBE INC COM 0.0%

Value ($000) $1,803 (+994.6%) Shares 5,152 (+1003.2%) Est. Cost $360.08 Unrealized -5.6%

MELI MERCADOLIBRE INC COM 0.2%

Value ($000) $17,653 (-8.2%) Shares 8,764 (+6.5%) Est. Cost $2382.25 Unrealized -11.8%

TXN TEXAS INSTRS INC COM 0.4%

Value ($000) $45,613 (+3.6%) Shares 262,917 (+9.7%) Est. Cost $168.85 Unrealized +1.1%

REXR REXFORD INDL RLTY INC COM 0.1%

Value ($000) $6,443 (+22.6%) Shares 166,396 (+30.2%) Est. Cost $42.97 Unrealized —

MDT MEDTRONIC PLC SHS 0.3%

Value ($000) $34,555 (+3.2%) Shares 359,722 (+2.3%) Est. Cost $79.31 Unrealized +22.5%

INVH INVITATION HOMES INC COM 0.5%

Value ($000) $57,704 (+1.8%) Shares 2,076,421 (+7.4%) Est. Cost $30.45 Unrealized -9.2%

PCG PG&E CORP COM 0.0%

Value ($000) $1,782 (+109.4%) Shares 110,915 (+96.5%) Est. Cost $15.21 Unrealized +4.7%

ORCL ORACLE CORP COM 0.2%

Value ($000) $27,051 (-3.2%) Shares 138,789 (+39.6%) Est. Cost $197.95 Unrealized +20.3%

UNP UNION PAC CORP COM 0.1%

Value ($000) $10,577 (+8.7%) Shares 45,726 (+11.1%) Est. Cost $208.06 Unrealized +9.3%

HIW HIGHWOODS PPTYS INC COM 0.1%

Value ($000) $10,768 (-7.1%) Shares 417,048 (+14.4%) Est. Cost $31.58 Unrealized —

VICI VICI PPTYS INC COM 0.1%

Value ($000) $14,700 (+5.6%) Shares 522,774 (+22.4%) Est. Cost $30.80 Unrealized -4.9%

GRMN GARMIN LTD SHS 0.1%

Value ($000) $6,247 (-10.7%) Shares 30,795 (+8.4%) Est. Cost $222.79 Unrealized -2.7%

KKR KKR & CO INC COM 4.2%

Value ($000) $494,341 (+0.2%) Shares 3,877,794 (+2.1%) Est. Cost $69.93 Unrealized +77.7%

CDNS CADENCE DESIGN SYSTEM INC COM 0.2%

Value ($000) $22,076 (-3.2%) Shares 70,626 (+8.8%) Est. Cost $281.99 Unrealized +15.7%

TDW TIDEWATER INC NEW COM 0.0%

Value ($000) $1,473 (+81.2%) Shares 29,154 (+91.3%) Est. Cost $50.66 Unrealized +4.3%

PANW PALO ALTO NETWORKS INC COM 0.1%

Value ($000) $11,356 (-4.7%) Shares 61,652 (+5.4%) Est. Cost $186.64 Unrealized +8.1%

AMT AMERICAN TOWER CORP NEW COM 0.1%

Value ($000) $10,514 (-4.5%) Shares 59,885 (+4.6%) Est. Cost $202.03 Unrealized -10.8%

WTRG ESSENTIAL UTILS INC COM 0.0%

Value ($000) $2,284 (+27.3%) Shares 59,550 (+32.4%) Est. Cost $39.17 Unrealized +0.5%

WMB WILLIAMS COS INC COM 0.2%

Value ($000) $26,120 (+1.5%) Shares 434,530 (+7.0%) Est. Cost $34.09 Unrealized +76.2%

BLDR BUILDERS FIRSTSOURCE INC COM 0.0%

Value ($000) $2,401 (+19.4%) Shares 23,331 (+40.7%) Est. Cost $126.37 Unrealized -11.1%

GPOR GULFPORT ENERGY CORP COMMON SHARES 0.0%

Value ($000) $2,433 (+18.7%) Shares 11,698 (+3.3%) Est. Cost $163.08 Unrealized +22.2%

SHW SHERWIN WILLIAMS CO COM 0.1%

Value ($000) $8,413 (+4.5%) Shares 25,963 (+11.7%) Est. Cost $271.36 Unrealized +23.1%

TT TRANE TECHNOLOGIES PLC SHS 0.1%

Value ($000) $5,913 (-5.1%) Shares 15,192 (+2.9%) Est. Cost $307.12 Unrealized +34.7%

OMC OMNICOM GROUP INC COM 0.3%

Value ($000) $34,855 (+0.7%) Shares 431,642 (+1.6%) Est. Cost $65.01 Unrealized +16.5%

PG PROCTER AND GAMBLE CO COM 0.2%

Value ($000) $26,149 (+0.8%) Shares 182,466 (+8.1%) Est. Cost $142.32 Unrealized +3.4%

RSG REPUBLIC SVCS INC COM 0.0%

Value ($000) $3,781 (+2.3%) Shares 17,841 (+10.8%) Est. Cost $240.01 Unrealized -10.6%

HTO H2O AMERICA COM 0.0%

Value ($000) $3,543 (+2.4%) Shares 72,314 (+1.8%) Est. Cost $53.08 Unrealized -9.7%

ALV AUTOLIV INC COM 0.2%

Value ($000) $28,853 (-0.1%) Shares 243,077 (+3.9%) Est. Cost $79.69 Unrealized +49.8%

VRTX VERTEX PHARMACEUTICALS INC COM 0.0%

Value ($000) $117 (+23.4%) Shares 257 (+6.6%) Est. Cost $259.22 Unrealized +66.3%

TAC TRANSALTA CORP COM 0.0%

Value ($000) $4,251 (-0.4%) Shares 244,856 (+9.1%) Est. Cost $11.18 Unrealized +33.6%

INTU INTUIT COM 0.0%

Value ($000) $118 (+12.1%) Shares 178 (+15.6%) Est. Cost $435.63 Unrealized +51.7%

HUM HUMANA INC COM 0.0%

Value ($000) $267 (+1.5%) Shares 1,044 (+3.1%) Est. Cost $247.15 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRO	BROWN & BROWN INC COM	4,538,584 (+132.8%)	$361,725 (+97.8%)	3.1%	$89.30	-6.6%	COM	115236101
ZTS	ZOETIS INC CL A	1,053,857 (+680.1%)	$132,596 (+570.8%)	1.1%	$135.97	-4.2%	CL A	98978V103
MKL	MARKEL GROUP INC COM	204,861 (+13.0%)	$440,379 (+27.1%)	3.8%	$1648.82	+22.9%	COM	570535104
LEN	LENNAR CORP CL A	1,963,373 (+90.9%)	$201,835 (+55.7%)	1.7%	$115.44	+4.6%	CL A	526057104
BKNG	BOOKING HOLDINGS INC COM	92,287 (+10.5%)	$494,227 (+9.6%)	4.2%	$3039.91	+69.0%	COM	09857L108
META	META PLATFORMS INC CL A	714,580 (+3.1%)	$471,687 (-7.4%)	4.0%	$335.10	+99.1%	CL A	30303M102
MSFT	MICROSOFT CORP COM	1,361,292 (+1.8%)	$658,348 (-5.0%)	5.6%	$296.31	+68.9%	COM	594918104
AMZN	AMAZON COM INC COM	1,818,519 (+2.9%)	$419,751 (+8.2%)	3.6%	$160.06	+42.9%	COM	023135106
NXPI	NXP SEMICONDUCTORS N V COM	2,096,119 (+12.1%)	$454,984 (+6.9%)	3.9%	$201.69	+5.9%	COM	N6596X109
LRCX	LAM RESEARCH CORP COM NEW	198,425 (+270.4%)	$33,966 (+373.6%)	0.3%	$133.96	+16.0%	COM NEW	512807306
AAPL	APPLE INC COM	613,102 (+10.4%)	$166,678 (+17.8%)	1.4%	$193.62	+38.6%	COM	037833100
ALGN	ALIGN TECHNOLOGY INC COM	226,699 (+153.5%)	$35,399 (+216.1%)	0.3%	$148.70	-3.6%	COM	016255101
WCC	WESCO INTL INC COM	186,012 (+74.8%)	$45,506 (+102.2%)	0.4%	$224.56	+9.1%	COM	95082P105
CB	CHUBB LIMITED COM	647,401 (+1.3%)	$202,067 (+12.0%)	1.7%	$264.64	+10.5%	COM	H1467J104
DHR	DANAHER CORPORATION COM	595,678 (+1.4%)	$136,363 (+17.1%)	1.2%	$221.52	-0.9%	COM	235851102
RY	ROYAL BK CDA COM	321,162 (+18.4%)	$74,698 (+35.1%)	0.6%	$102.49	+49.8%	COM	780087102
PTC	PTC INC COM	1,300,452 (+27.3%)	$226,552 (+9.2%)	1.9%	$156.05	+19.1%	COM	69370C100
WMS	ADVANCED DRAIN SYS INC DEL COM	199,858 (+161.0%)	$28,945 (+172.5%)	0.2%	$139.46	+3.7%	COM	00790R104
V	VISA INC COM CL A	595,740 (+6.6%)	$208,932 (+9.6%)	1.8%	$255.29	+33.3%	CL A	92826C839
CPAY	CORPAY INC COM SHS	699,476 (+4.7%)	$210,493 (+9.4%)	1.8%	$341.91	-15.1%	SHS	219948106
ACN	ACCENTURE PLC IRELAND SHS CLASS A	148,864 (+66.8%)	$39,940 (+81.5%)	0.3%	$295.04	-13.9%	SHS CLASS A	G1151C101
LLY	ELI LILLY & CO COM	50,998 (+5.4%)	$54,807 (+48.5%)	0.5%	$814.31	+17.3%	COM	532457108
SPOT	SPOTIFY TECHNOLOGY S A SHS	421,613 (+28.9%)	$244,835 (+7.3%)	2.1%	$577.24	+8.3%	SHS	L8681T102
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	354,885 (+8.0%)	$178,383 (+7.9%)	1.5%	$381.28	+30.5%	CL B NEW	084670702
BSX	BOSTON SCIENTIFIC CORP COM	274,565 (+102.2%)	$26,180 (+97.5%)	0.2%	$99.89	-1.9%	COM	101137107
CAT	CATERPILLAR INC COM	53,480 (+43.4%)	$30,637 (+72.1%)	0.3%	$433.75	+28.1%	COM	149123101
AHR	AMERICAN HEALTHCARE REIT INC COM SHS	254,837 (+630.0%)	$11,993 (+717.7%)	0.1%	$46.37	—	SHS	398182303
SPGI	S&P GLOBAL INC COM	42,292 (+76.9%)	$22,101 (+89.9%)	0.2%	$420.12	+17.6%	COM	78409V104
TROX	TRONOX HOLDINGS PLC SHS	4,347,134 (+123.0%)	$18,128 (+131.4%)	0.2%	$8.49	-55.2%	SHS	G9087Q102
ABT	ABBOTT LABS COM	188,796 (+83.5%)	$23,654 (+71.7%)	0.2%	$119.79	+6.3%	COM	002824100
NEM	NEWMONT CORP COM	100,252 (+3895.7%)	$10,010 (+4632.2%)	0.1%	$89.26	+1.0%	COM	651639106
KO	COCA COLA CO COM	419,855 (+39.8%)	$29,352 (+47.4%)	0.3%	$62.54	+11.0%	COM	191216100
ANET	ARISTA NETWORKS INC COM SHS	132,873 (+136.9%)	$17,410 (+113.0%)	0.1%	$120.67	+14.1%	SHS	040413205
COST	COSTCO WHSL CORP NEW COM	20,934 (+103.0%)	$18,052 (+89.1%)	0.2%	$824.83	+9.8%	COM	22160K105
CROX	CROCS INC COM	170,169 (+135.2%)	$14,553 (+140.7%)	0.1%	$86.89	-3.7%	COM	227046109
PEP	PEPSICO INC COM	318,864 (+19.7%)	$45,763 (+22.3%)	0.4%	$141.08	+3.4%	COM	713448108
MA	MASTERCARD INCORPORATED CL A	41,064 (+53.9%)	$23,443 (+54.4%)	0.2%	$415.52	+34.5%	CL A	57636Q104
ISRG	INTUITIVE SURGICAL INC COM NEW	41,567 (+19.7%)	$23,542 (+51.6%)	0.2%	$527.70	+0.9%	COM NEW	46120E602
LIN	LINDE PLC SHS	60,493 (+59.2%)	$25,794 (+42.9%)	0.2%	$419.04	+2.0%	SHS	G54950103
CACI	CACI INTL INC CL A	73,423 (+11.4%)	$39,121 (+19.0%)	0.3%	$491.75	+14.9%	CL A	127190304
TSLA	TESLA INC COM	59,151 (+25.1%)	$26,601 (+26.5%)	0.2%	$277.77	+59.6%	COM	88160R101
ROL	ROLLINS INC COM	248,960 (+55.4%)	$14,943 (+58.8%)	0.1%	$56.77	+3.3%	COM	775711104
PEG	PUBLIC SVC ENTERPRISE GRP IN COM	510,061 (+19.1%)	$40,958 (+14.6%)	0.4%	$63.46	+27.8%	COM	744573106
KMI	KINDER MORGAN INC DEL COM	659,452 (+42.7%)	$18,128 (+38.6%)	0.2%	$17.84	+50.8%	COM	49456B101
EW	EDWARDS LIFESCIENCES CORP COM	176,519 (+33.4%)	$15,048 (+46.3%)	0.1%	$82.81	-0.9%	COM	28176E108
NVDA	NVIDIA CORPORATION COM	1,176,381 (+2.0%)	$219,395 (+2.0%)	1.9%	$98.90	+88.2%	COM	67066G104
CNH	CNH INDL N V SHS	3,116,375 (+2.6%)	$28,733 (-12.8%)	0.2%	$10.23	-2.4%	SHS	N20944109
TTWO	TAKE-TWO INTERACTIVE SOFTWAR COM	61,467 (+37.2%)	$15,737 (+35.9%)	0.1%	$229.34	+8.7%	COM	874054109
JBL	JABIL INC COM	164,233 (+7.1%)	$37,448 (+12.4%)	0.3%	$71.76	+197.2%	COM	466313103
FIS	FIDELITY NATL INFORMATION SV COM	661,297 (+9.5%)	$43,950 (+10.4%)	0.4%	$72.79	-9.8%	COM	31620M106
TJX	TJX COS INC NEW COM	136,244 (+17.2%)	$20,928 (+24.6%)	0.2%	$123.99	+19.1%	COM	872540109
JPM	JPMORGAN CHASE & CO. COM	223,990 (+3.4%)	$72,174 (+5.6%)	0.6%	$181.60	+70.5%	COM	46625H100
REG	REGENCY CTRS CORP COM	91,969 (+158.7%)	$6,349 (+144.9%)	0.1%	$69.68	-0.3%	COM	758849103
LFUS	LITTELFUSE INC COM	980,498 (+3.9%)	$247,988 (+1.5%)	2.1%	$227.86	+11.7%	COM	537008104
GILD	GILEAD SCIENCES INC COM	267,702 (+1.2%)	$32,858 (+11.9%)	0.3%	$64.67	+86.9%	COM	375558103
PGR	PROGRESSIVE CORP COM	61,985 (+42.5%)	$14,115 (+31.4%)	0.1%	$233.59	-9.1%	COM	743315103
TRGP	TARGA RES CORP COM	54,579 (+33.2%)	$10,070 (+46.6%)	0.1%	$123.62	+36.0%	COM	87612G101
OHI	OMEGA HEALTHCARE INVS INC COM	224,656 (+39.4%)	$9,961 (+46.4%)	0.1%	$40.16	—	COM	681936100
PRU	PRUDENTIAL FINL INC COM	267,910 (+1.9%)	$30,242 (+10.8%)	0.3%	$72.83	+46.2%	COM	744320102
WELL	WELLTOWER INC COM	116,066 (+10.6%)	$21,543 (+15.3%)	0.2%	$117.45	+58.8%	COM	95040Q104
BN	BROOKFIELD CORP CL A LTD VT SH	210,566 (+90.7%)	$13,270 (+26.0%)	0.1%	$41.89	+8.7%	SH	11271J107
SYY	SYSCO CORP COM	386,615 (+2.3%)	$28,490 (-8.4%)	0.2%	$69.45	+8.7%	COM	871829107
ECL	ECOLAB INC COM	78,723 (+19.3%)	$20,666 (+14.4%)	0.2%	$221.16	+20.1%	COM	278865100
NXST	NEXSTAR MEDIA GROUP INC COMMON STOCK	173,068 (+4.6%)	$35,141 (+7.4%)	0.3%	$152.54	+26.4%	COM STK	65336K103
WLK	WESTLAKE CORPORATION COM	235,919 (+20.3%)	$17,444 (+15.5%)	0.1%	$78.79	-10.2%	COM	960413102
PH	PARKER-HANNIFIN CORP COM	14,471 (+5.6%)	$12,719 (+22.4%)	0.1%	$665.46	+22.9%	COM	701094104
DE	DEERE & CO COM	45,855 (+9.4%)	$21,349 (+11.3%)	0.2%	$371.41	+25.9%	COM	244199105
GE	GE AEROSPACE COM NEW	73,193 (+7.4%)	$22,546 (+10.0%)	0.2%	$224.28	+34.1%	COM NEW	369604301
TRP	TC ENERGY CORP COM	218,865 (+13.8%)	$16,542 (+13.7%)	0.1%	$47.00	+13.5%	COM	87807B107
MSM	MSC INDL DIRECT INC CL A	349,263 (+2.7%)	$29,373 (-6.3%)	0.3%	$89.01	-2.6%	CL A	553530106
NOW	SERVICENOW INC COM	38,687 (+352.9%)	$5,926 (-24.6%)	0.1%	$162.19	+5.8%	COM	81762P102
NFLX	NETFLIX INC COM	211,537 (+1311.8%)	$19,834 (+10.4%)	0.2%	$107.07	+0.7%	COM	64110L106
ADBE	ADOBE INC COM	5,152 (+1003.2%)	$1,803 (+994.6%)	0.0%	$360.08	-5.6%	COM	00724F101
MELI	MERCADOLIBRE INC COM	8,764 (+6.5%)	$17,653 (-8.2%)	0.2%	$2382.25	-11.8%	COM	58733R102
TXN	TEXAS INSTRS INC COM	262,917 (+9.7%)	$45,613 (+3.6%)	0.4%	$168.85	+1.1%	COM	882508104
REXR	REXFORD INDL RLTY INC COM	166,396 (+30.2%)	$6,443 (+22.6%)	0.1%	$42.97	—	COM	76169C100
MDT	MEDTRONIC PLC SHS	359,722 (+2.3%)	$34,555 (+3.2%)	0.3%	$79.31	+22.5%	SHS	G5960L103
INVH	INVITATION HOMES INC COM	2,076,421 (+7.4%)	$57,704 (+1.8%)	0.5%	$30.45	-9.2%	COM	46187W107
PCG	PG&E CORP COM	110,915 (+96.5%)	$1,782 (+109.4%)	0.0%	$15.21	+4.7%	COM	69331C108
ORCL	ORACLE CORP COM	138,789 (+39.6%)	$27,051 (-3.2%)	0.2%	$197.95	+20.3%	COM	68389X105
UNP	UNION PAC CORP COM	45,726 (+11.1%)	$10,577 (+8.7%)	0.1%	$208.06	+9.3%	COM	907818108
HIW	HIGHWOODS PPTYS INC COM	417,048 (+14.4%)	$10,768 (-7.1%)	0.1%	$31.58	—	COM	431284108
VICI	VICI PPTYS INC COM	522,774 (+22.4%)	$14,700 (+5.6%)	0.1%	$30.80	-4.9%	COM	925652109
GRMN	GARMIN LTD SHS	30,795 (+8.4%)	$6,247 (-10.7%)	0.1%	$222.79	-2.7%	SHS	H2906T109
KKR	KKR & CO INC COM	3,877,794 (+2.1%)	$494,341 (+0.2%)	4.2%	$69.93	+77.7%	COM	48251W104
CDNS	CADENCE DESIGN SYSTEM INC COM	70,626 (+8.8%)	$22,076 (-3.2%)	0.2%	$281.99	+15.7%	COM	127387108
TDW	TIDEWATER INC NEW COM	29,154 (+91.3%)	$1,473 (+81.2%)	0.0%	$50.66	+4.3%	COM	88642R109
PANW	PALO ALTO NETWORKS INC COM	61,652 (+5.4%)	$11,356 (-4.7%)	0.1%	$186.64	+8.1%	COM	697435105
AMT	AMERICAN TOWER CORP NEW COM	59,885 (+4.6%)	$10,514 (-4.5%)	0.1%	$202.03	-10.8%	COM	03027X100
WTRG	ESSENTIAL UTILS INC COM	59,550 (+32.4%)	$2,284 (+27.3%)	0.0%	$39.17	+0.5%	COM	29670G102
WMB	WILLIAMS COS INC COM	434,530 (+7.0%)	$26,120 (+1.5%)	0.2%	$34.09	+76.2%	COM	969457100
BLDR	BUILDERS FIRSTSOURCE INC COM	23,331 (+40.7%)	$2,401 (+19.4%)	0.0%	$126.37	-11.1%	COM	12008R107
GPOR	GULFPORT ENERGY CORP COMMON SHARES	11,698 (+3.3%)	$2,433 (+18.7%)	0.0%	$163.08	+22.2%	SHS	402635502
SHW	SHERWIN WILLIAMS CO COM	25,963 (+11.7%)	$8,413 (+4.5%)	0.1%	$271.36	+23.1%	COM	824348106
TT	TRANE TECHNOLOGIES PLC SHS	15,192 (+2.9%)	$5,913 (-5.1%)	0.1%	$307.12	+34.7%	SHS	G8994E103
OMC	OMNICOM GROUP INC COM	431,642 (+1.6%)	$34,855 (+0.7%)	0.3%	$65.01	+16.5%	COM	681919106
PG	PROCTER AND GAMBLE CO COM	182,466 (+8.1%)	$26,149 (+0.8%)	0.2%	$142.32	+3.4%	COM	742718109
RSG	REPUBLIC SVCS INC COM	17,841 (+10.8%)	$3,781 (+2.3%)	0.0%	$240.01	-10.6%	COM	760759100
HTO	H2O AMERICA COM	72,314 (+1.8%)	$3,543 (+2.4%)	0.0%	$53.08	-9.7%	COM	784305104
ALV	AUTOLIV INC COM	243,077 (+3.9%)	$28,853 (-0.1%)	0.2%	$79.69	+49.8%	COM	052800109
VRTX	VERTEX PHARMACEUTICALS INC COM	257 (+6.6%)	$117 (+23.4%)	0.0%	$259.22	+66.3%	COM	92532F100
TAC	TRANSALTA CORP COM	244,856 (+9.1%)	$4,251 (-0.4%)	0.0%	$11.18	+33.6%	COM	89346D107
INTU	INTUIT COM	178 (+15.6%)	$118 (+12.1%)	0.0%	$435.63	+51.7%	COM	461202103
HUM	HUMANA INC COM	1,044 (+3.1%)	$267 (+1.5%)	0.0%	$247.15	+5.7%	COM	444859102

Exited Positions (12)

HOLX HOLOGIC INC COM 0.2%

Value ($000) $27,728 Shares 410,844 Est. Cost $59.94 Unrealized +21.9%

— LXP INDUSTRIAL TRUST COM 0.1%

Value ($000) $12,084 Shares 1,348,639 Est. Cost $8.46 Unrealized —

QDEL QUIDELORTHO CORP COM 0.1%

Value ($000) $11,583 Shares 393,319 Est. Cost $63.72 Unrealized -57.5%

NUE NUCOR CORP COM 0.1%

Value ($000) $9,359 Shares 69,106 Est. Cost $166.52 Unrealized -10.1%

DIS DISNEY WALT CO COM 0.1%

Value ($000) $8,937 Shares 78,052 Est. Cost $91.52 Unrealized +19.7%

HR HEALTHCARE RLTY TR CL A COM 0.0%

Value ($000) $4,219 Shares 234,021 Est. Cost $15.86 Unrealized —

CLH CLEAN HARBORS INC COM 0.0%

Value ($000) $3,999 Shares 17,222 Est. Cost $222.12 Unrealized +2.9%

MAC MACERICH CO COM 0.0%

Value ($000) $2,655 Shares 145,876 Est. Cost $18.20 Unrealized —

COLD AMERICOLD REALTY TRUST INC COM 0.0%

Value ($000) $1,511 Shares 123,439 Est. Cost $26.17 Unrealized —

VAL VALARIS LTD CL A 0.0%

Value ($000) $1,138 Shares 23,329 Est. Cost $46.17 Unrealized +16.2%

IVT INVENTRUST PPTYS CORP COM 0.0%

Value ($000) $328 Shares 11,476 Est. Cost $27.55 Unrealized —

SUI SUN CMNTYS INC COM 0.0%

Value ($000) $178 Shares 1,380 Est. Cost $161.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HOLX	HOLOGIC INC COM	410,844	$27,728	0.2%	$59.94	+21.9%	—	436440101
—	LXP INDUSTRIAL TRUST COM	1,348,639	$12,084	0.1%	$8.46	—	—	529043101
QDEL	QUIDELORTHO CORP COM	393,319	$11,583	0.1%	$63.72	-57.5%	—	219798105
NUE	NUCOR CORP COM	69,106	$9,359	0.1%	$166.52	-10.1%	—	670346105
DIS	DISNEY WALT CO COM	78,052	$8,937	0.1%	$91.52	+19.7%	—	254687106
HR	HEALTHCARE RLTY TR CL A COM	234,021	$4,219	0.0%	$15.86	—	—	42226K105
CLH	CLEAN HARBORS INC COM	17,222	$3,999	0.0%	$222.12	+2.9%	—	184496107
MAC	MACERICH CO COM	145,876	$2,655	0.0%	$18.20	—	—	554382101
COLD	AMERICOLD REALTY TRUST INC COM	123,439	$1,511	0.0%	$26.17	—	—	03064D108
VAL	VALARIS LTD CL A	23,329	$1,138	0.0%	$46.17	+16.2%	—	G9460G101
IVT	INVENTRUST PPTYS CORP COM	11,476	$328	0.0%	$27.55	—	—	46124J201
SUI	SUN CMNTYS INC COM	1,380	$178	0.0%	$161.20	—	—	866674104

Decreased Positions (116)

C CITIGROUP INC COM NEW 0.4%

Value ($000) $51,776 (-81.9%) Shares 443,705 (-84.2%) Est. Cost $49.40 Unrealized +109.8%

GOOGL ALPHABET INC CAP STK CL A 6.1%

Value ($000) $712,559 (+12.1%) Shares 2,276,547 (-13.0%) Est. Cost $112.17 Unrealized +154.6%

DGX QUEST DIAGNOSTICS INC COM 0.3%

Value ($000) $30,393 (-53.3%) Shares 175,146 (-48.7%) Est. Cost $138.53 Unrealized +31.4%

MWA MUELLER WTR PRODS INC COM SER A 0.0%

Value ($000) $4,778 (-87.6%) Shares 200,572 (-86.8%) Est. Cost $13.69 Unrealized +80.3%

EHC ENCOMPASS HEALTH CORP COM 0.2%

Value ($000) $21,873 (-59.0%) Shares 206,077 (-50.9%) Est. Cost $69.09 Unrealized +67.5%

MHK MOHAWK INDS INC COM 0.3%

Value ($000) $33,928 (-44.0%) Shares 310,411 (-33.9%) Est. Cost $115.89 Unrealized -0.9%

CSCO CISCO SYS INC COM 0.3%

Value ($000) $33,540 (-39.1%) Shares 435,414 (-45.9%) Est. Cost $42.01 Unrealized +75.7%

NVST ENVISTA HOLDINGS CORPORATION COM 0.2%

Value ($000) $21,956 (-47.2%) Shares 1,011,327 (-50.5%) Est. Cost $22.07 Unrealized -7.0%

AMH AMERICAN HOMES 4 RENT CL A 0.2%

Value ($000) $25,363 (-43.1%) Shares 790,126 (-41.1%) Est. Cost $37.35 Unrealized —

VSH VISHAY INTERTECHNOLOGY INC COM 0.2%

Value ($000) $18,745 (-50.6%) Shares 1,293,670 (-47.8%) Est. Cost $18.23 Unrealized -17.3%

SF STIFEL FINL CORP COM 0.4%

Value ($000) $44,124 (-28.1%) Shares 352,368 (-34.9%) Est. Cost $96.24 Unrealized +24.3%

FHN FIRST HORIZON CORPORATION COM 0.2%

Value ($000) $23,774 (-42.0%) Shares 994,735 (-45.2%) Est. Cost $19.97 Unrealized +11.1%

VTR VENTAS INC COM 0.0%

Value ($000) $3,987 (-81.1%) Shares 51,529 (-82.9%) Est. Cost $62.27 Unrealized +20.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 2.5%

Value ($000) $288,912 (-5.5%) Shares 950,713 (-13.1%) Est. Cost $122.16 Unrealized —

WTFC WINTRUST FINL CORP COM 0.4%

Value ($000) $46,214 (-26.0%) Shares 330,524 (-29.9%) Est. Cost $96.32 Unrealized +38.1%

TNC TENNANT CO COM 0.1%

Value ($000) $17,067 (-48.1%) Shares 231,570 (-43.0%) Est. Cost $80.29 Unrealized -5.1%

O REALTY INCOME CORP COM 0.0%

Value ($000) $2,392 (-86.7%) Shares 42,430 (-85.7%) Est. Cost $52.79 Unrealized +8.7%

DOC HEALTHPEAK PROPERTIES INC COM 0.1%

Value ($000) $10,774 (-57.9%) Shares 670,049 (-49.9%) Est. Cost $18.41 Unrealized -5.2%

WFG WEST FRASER TIMBER CO LTD COM 0.0%

Value ($000) $3,377 (-80.9%) Shares 40,303 (-78.5%) Est. Cost $73.49 Unrealized -14.8%

RNR RENAISSANCERE HLDGS LTD COM 0.0%

Value ($000) $1,178 (-92.0%) Shares 4,191 (-92.8%) Est. Cost $191.19 Unrealized +37.6%

HSIC HENRY SCHEIN INC COM 0.2%

Value ($000) $22,596 (-35.3%) Shares 298,974 (-43.1%) Est. Cost $69.53 Unrealized +1.2%

AMP AMERIPRISE FINL INC COM 0.0%

Value ($000) $110 (-99.1%) Shares 224 (-99.1%) Est. Cost $419.95 Unrealized +12.8%

STRA STRATEGIC ED INC COM 0.2%

Value ($000) $27,768 (-29.8%) Shares 346,230 (-24.7%) Est. Cost $76.93 Unrealized +3.3%

TRIP TRIPADVISOR INC COM 0.2%

Value ($000) $26,434 (-30.0%) Shares 1,815,534 (-21.8%) Est. Cost $23.30 Unrealized -34.7%

FRT FEDERAL RLTY INVT TR NEW SH BEN INT NEW 0.0%

Value ($000) $3,511 (-73.8%) Shares 34,835 (-73.7%) Est. Cost $97.48 Unrealized -0.1%

BLK BLACKROCK INC COM 0.3%

Value ($000) $38,451 (-20.2%) Shares 35,924 (-13.1%) Est. Cost $991.05 Unrealized +9.9%

GNTX GENTEX CORP COM 0.1%

Value ($000) $17,201 (-34.3%) Shares 739,185 (-20.2%) Est. Cost $31.32 Unrealized -23.0%

ETR ENTERGY CORP NEW COM 0.1%

Value ($000) $10,543 (-45.7%) Shares 114,070 (-45.2%) Est. Cost $84.12 Unrealized +12.4%

LNG CHENIERE ENERGY INC COM NEW 0.1%

Value ($000) $15,461 (-35.6%) Shares 79,535 (-22.2%) Est. Cost $140.02 Unrealized +50.0%

NKE NIKE INC CL B 0.1%

Value ($000) $11,154 (-42.8%) Shares 175,076 (-37.4%) Est. Cost $96.67 Unrealized -32.9%

LITE LUMENTUM HLDGS INC COM 0.4%

Value ($000) $48,253 (+19.4%) Shares 130,913 (-47.3%) Est. Cost $53.26 Unrealized +382.2%

— PINNACLE FINL PARTNERS INC COM 0.1%

Value ($000) $12,964 (-37.6%) Shares 135,872 (-38.6%) Est. Cost $114.39 Unrealized —

AZO AUTOZONE INC COM 0.0%

Value ($000) $105 (-98.7%) Shares 31 (-98.3%) Est. Cost $3001.49 Unrealized +25.9%

TMO THERMO FISHER SCIENTIFIC INC COM 2.2%

Value ($000) $258,509 (+3.0%) Shares 446,129 (-13.8%) Est. Cost $483.98 Unrealized +16.8%

ADI ANALOG DEVICES INC COM 1.2%

Value ($000) $142,970 (+5.3%) Shares 527,174 (-4.6%) Est. Cost $192.86 Unrealized +29.9%

PSX PHILLIPS 66 COM 0.1%

Value ($000) $7,404 (-49.1%) Shares 57,380 (-46.3%) Est. Cost $111.04 Unrealized +20.7%

LII LENNOX INTL INC COM 0.0%

Value ($000) $79 (-98.8%) Shares 163 (-98.7%) Est. Cost $374.05 Unrealized +33.6%

TKR TIMKEN CO COM 0.2%

Value ($000) $27,137 (-18.9%) Shares 322,557 (-27.5%) Est. Cost $73.05 Unrealized +8.9%

ARE ALEXANDRIA REAL ESTATE EQ IN COM 0.0%

Value ($000) $1,893 (-76.7%) Shares 38,672 (-60.4%) Est. Cost $103.89 Unrealized -44.2%

FDS FACTSET RESH SYS INC COM 0.0%

Value ($000) $63 (-98.9%) Shares 218 (-98.9%) Est. Cost $428.81 Unrealized -34.7%

FSLR FIRST SOLAR INC COM 0.4%

Value ($000) $44,589 (+14.2%) Shares 170,690 (-3.6%) Est. Cost $149.58 Unrealized +68.6%

SPG SIMON PPTY GROUP INC NEW COM 0.2%

Value ($000) $23,123 (-18.3%) Shares 124,917 (-17.1%) Est. Cost $149.38 Unrealized +20.5%

PCAR PACCAR INC COM 0.0%

Value ($000) $70 (-98.7%) Shares 636 (-98.8%) Est. Cost $72.92 Unrealized +38.8%

HD HOME DEPOT INC COM 0.2%

Value ($000) $19,677 (-19.9%) Shares 57,183 (-5.7%) Est. Cost $305.79 Unrealized +19.2%

LXFR LUXFER HLDGS PLC SHS 0.1%

Value ($000) $13,359 (-26.7%) Shares 987,329 (-24.7%) Est. Cost $14.23 Unrealized -8.5%

ABBV ABBVIE INC COM 0.1%

Value ($000) $6,573 (-42.3%) Shares 28,768 (-41.5%) Est. Cost $156.59 Unrealized +45.3%

THR THERMON GROUP HLDGS INC COM 0.2%

Value ($000) $25,628 (-14.7%) Shares 689,677 (-38.7%) Est. Cost $16.90 Unrealized +94.2%

BNL BROADSTONE NET LEASE INC COM 0.0%

Value ($000) $4,670 (-48.3%) Shares 268,837 (-46.9%) Est. Cost $16.85 Unrealized —

MRK MERCK & CO INC COM 0.5%

Value ($000) $55,221 (+8.4%) Shares 524,615 (-13.5%) Est. Cost $91.50 Unrealized +1.9%

AMAT APPLIED MATLS INC COM 0.0%

Value ($000) $1,871 (-69.4%) Shares 7,280 (-75.7%) Est. Cost $112.72 Unrealized +112.5%

PLD PROLOGIS INC. COM 0.4%

Value ($000) $51,458 (+8.8%) Shares 403,087 (-2.4%) Est. Cost $102.19 Unrealized +21.2%

NTAP NETAPP INC COM 0.0%

Value ($000) $4,284 (-48.8%) Shares 40,001 (-43.3%) Est. Cost $99.08 Unrealized +14.7%

EXR EXTRA SPACE STORAGE INC COM 0.1%

Value ($000) $16,078 (-19.9%) Shares 123,469 (-13.3%) Est. Cost $126.49 Unrealized +6.7%

CF CF INDS HLDGS INC COM 0.0%

Value ($000) $39 (-99.0%) Shares 503 (-98.8%) Est. Cost $78.58 Unrealized +4.3%

REGN REGENERON PHARMACEUTICALS COM 0.0%

Value ($000) $90 (-97.5%) Shares 116 (-98.2%) Est. Cost $713.20 Unrealized -4.8%

YUMC YUM CHINA HLDGS INC COM 0.1%

Value ($000) $7,509 (-30.6%) Shares 157,296 (-37.6%) Est. Cost $47.97 Unrealized -4.5%

APH AMPHENOL CORP NEW CL A 0.1%

Value ($000) $7,943 (-29.3%) Shares 58,773 (-35.3%) Est. Cost $67.73 Unrealized +97.2%

AWK AMERICAN WTR WKS CO INC NEW COM 0.1%

Value ($000) $10,745 (-23.0%) Shares 82,336 (-17.8%) Est. Cost $124.77 Unrealized +6.7%

AVB AVALONBAY CMNTYS INC COM 0.1%

Value ($000) $16,407 (-15.9%) Shares 90,491 (-10.4%) Est. Cost $183.89 Unrealized -2.2%

ICE INTERCONTINENTAL EXCHANGE IN COM 0.1%

Value ($000) $8,053 (-27.5%) Shares 49,724 (-24.5%) Est. Cost $109.86 Unrealized +42.2%

MPC MARATHON PETE CORP COM 0.1%

Value ($000) $9,790 (-21.1%) Shares 60,199 (-6.5%) Est. Cost $121.95 Unrealized +52.9%

STAG STAG INDL INC COM 0.2%

Value ($000) $22,106 (-10.5%) Shares 601,349 (-14.1%) Est. Cost $33.79 Unrealized —

EA ELECTRONIC ARTS INC COM 0.1%

Value ($000) $9,046 (-21.5%) Shares 44,270 (-22.5%) Est. Cost $134.67 Unrealized +49.8%

MCD MCDONALDS CORP COM 0.1%

Value ($000) $10,853 (-18.2%) Shares 35,509 (-18.6%) Est. Cost $245.32 Unrealized +24.4%

CRM SALESFORCE INC COM 0.1%

Value ($000) $8,456 (-20.8%) Shares 31,921 (-29.1%) Est. Cost $194.78 Unrealized +27.4%

IRM IRON MTN INC DEL COM 0.0%

Value ($000) $4,652 (-31.4%) Shares 56,078 (-15.7%) Est. Cost $93.10 Unrealized -0.3%

OTIS OTIS WORLDWIDE CORP COM 0.1%

Value ($000) $14,862 (-12.0%) Shares 170,144 (-7.9%) Est. Cost $87.71 Unrealized +1.8%

EQIX EQUINIX INC COM 0.2%

Value ($000) $29,075 (-5.8%) Shares 37,949 (-3.7%) Est. Cost $758.14 Unrealized +3.0%

EXE EXPAND ENERGY CORPORATION COM 0.2%

Value ($000) $22,326 (-7.0%) Shares 202,302 (-10.4%) Est. Cost $83.18 Unrealized +33.0%

DOV DOVER CORP COM 0.0%

Value ($000) $36 (-97.9%) Shares 185 (-98.2%) Est. Cost $151.92 Unrealized +19.7%

BMY BRISTOL-MYERS SQUIBB CO COM 0.0%

Value ($000) $55 (-96.6%) Shares 1,014 (-97.1%) Est. Cost $51.32 Unrealized -7.4%

BC BRUNSWICK CORP COM 0.5%

Value ($000) $55,980 (-2.6%) Shares 754,046 (-17.0%) Est. Cost $68.15 Unrealized -0.9%

RCI ROGERS COMMUNICATIONS INC CL B 0.0%

Value ($000) $153 (-90.4%) Shares 4,044 (-91.2%) Est. Cost $34.43 Unrealized +8.9%

CBRE CBRE GROUP INC CL A 0.1%

Value ($000) $9,686 (-12.7%) Shares 60,240 (-14.4%) Est. Cost $82.94 Unrealized +89.6%

ELV ELEVANCE HEALTH INC FORMERLY COM 0.0%

Value ($000) $243 (-85.1%) Shares 694 (-86.2%) Est. Cost $442.79 Unrealized -24.0%

AVGO BROADCOM INC COM 0.8%

Value ($000) $95,504 (+1.4%) Shares 275,943 (-3.3%) Est. Cost $174.58 Unrealized +104.5%

BKR BAKER HUGHES COMPANY CL A 0.1%

Value ($000) $10,814 (-11.0%) Shares 237,462 (-4.8%) Est. Cost $41.07 Unrealized +15.2%

IQV IQVIA HLDGS INC COM 0.1%

Value ($000) $11,135 (+13.1%) Shares 49,397 (-4.7%) Est. Cost $195.76 Unrealized +11.1%

JKHY HENRY JACK & ASSOC INC COM 0.1%

Value ($000) $8,239 (+16.8%) Shares 45,152 (-4.7%) Est. Cost $175.74 Unrealized -5.4%

FERG FERGUSON ENTERPRISES INC COMMON STOCK NEW 0.1%

Value ($000) $17,230 (-6.4%) Shares 77,392 (-5.6%) Est. Cost $207.90 Unrealized +14.5%

TRI THOMSON REUTERS CORP COM 0.0%

Value ($000) $4,127 (-22.1%) Shares 31,265 (-8.4%) Est. Cost $162.12 Unrealized -12.9%

MRSH MARSH & MCLENNAN COS INC COM 0.1%

Value ($000) $8,172 (-12.1%) Shares 44,049 (-4.5%) Est. Cost $158.07 Unrealized +17.9%

AKAM AKAMAI TECHNOLOGIES INC COM 0.3%

Value ($000) $33,444 (+3.5%) Shares 383,311 (-10.2%) Est. Cost $85.20 Unrealized -3.5%

SO SOUTHERN CO COM 0.1%

Value ($000) $7,522 (-12.4%) Shares 86,261 (-4.8%) Est. Cost $87.99 Unrealized +3.3%

CUBE CUBESMART COM 0.0%

Value ($000) $1,978 (-33.9%) Shares 54,876 (-25.4%) Est. Cost $42.62 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY COM 0.1%

Value ($000) $14,984 (-6.3%) Shares 148,284 (-3.9%) Est. Cost $76.95 Unrealized -4.3%

CVX CHEVRON CORP NEW COM 0.1%

Value ($000) $14,451 (-6.4%) Shares 94,815 (-4.6%) Est. Cost $146.32 Unrealized +3.5%

BR BROADRIDGE FINL SOLUTIONS IN COM 0.1%

Value ($000) $7,881 (-10.7%) Shares 35,316 (-4.7%) Est. Cost $235.32 Unrealized -3.4%

NSC NORFOLK SOUTHN CORP COM 0.1%

Value ($000) $10,715 (-7.6%) Shares 37,112 (-3.9%) Est. Cost $276.03 Unrealized +4.6%

OGE OGE ENERGY CORP COM 0.1%

Value ($000) $6,739 (-11.3%) Shares 157,812 (-3.9%) Est. Cost $44.37 Unrealized +0.5%

CL COLGATE PALMOLIVE CO COM 0.1%

Value ($000) $15,381 (-5.3%) Shares 194,641 (-4.2%) Est. Cost $89.91 Unrealized -12.9%

WFC WELLS FARGO CO NEW COM 0.1%

Value ($000) $15,227 (+5.9%) Shares 163,380 (-4.7%) Est. Cost $68.91 Unrealized +25.7%

CPK CHESAPEAKE UTILS CORP COM 0.1%

Value ($000) $6,827 (-11.0%) Shares 54,718 (-3.9%) Est. Cost $123.82 Unrealized +6.1%

TGS TRANSPORTADORA DE GAS SUR SPONSORED ADS B 0.0%

Value ($000) $3,141 (+32.5%) Shares 101,016 (-10.4%) Est. Cost $27.11 Unrealized —

APLE APPLE HOSPITALITY REIT INC COM NEW 0.0%

Value ($000) $4,189 (-15.3%) Shares 353,502 (-14.2%) Est. Cost $11.71 Unrealized —

MGEE MGE ENERGY INC COM 0.1%

Value ($000) $6,313 (-10.4%) Shares 80,501 (-3.9%) Est. Cost $88.00 Unrealized -7.0%

DLR DIGITAL RLTY TR INC COM 0.0%

Value ($000) $2,499 (-22.7%) Shares 16,154 (-13.6%) Est. Cost $156.22 Unrealized +4.4%

PNR PENTAIR PLC SHS 0.0%

Value ($000) $5,265 (-11.9%) Shares 50,555 (-6.3%) Est. Cost $83.98 Unrealized +27.1%

SYK STRYKER CORPORATION COM 0.1%

Value ($000) $7,618 (-8.3%) Shares 21,676 (-3.5%) Est. Cost $371.54 Unrealized -2.2%

WBD WARNER BROS DISCOVERY INC COM SER A 0.0%

Value ($000) $837 (-44.8%) Shares 29,059 (-62.6%) Est. Cost $10.38 Unrealized +125.2%

HST HOST HOTELS & RESORTS INC COM 0.0%

Value ($000) $1,831 (-26.7%) Shares 103,282 (-29.6%) Est. Cost $16.09 Unrealized +5.2%

LNT ALLIANT ENERGY CORP COM 0.1%

Value ($000) $8,032 (-7.3%) Shares 123,553 (-3.9%) Est. Cost $60.10 Unrealized +11.2%

UNH UNITEDHEALTH GROUP INC COM 0.1%

Value ($000) $7,615 (-6.9%) Shares 23,067 (-2.7%) Est. Cost $489.64 Unrealized -31.1%

FE FIRSTENERGY CORP COM 0.1%

Value ($000) $8,740 (-6.1%) Shares 195,225 (-3.9%) Est. Cost $38.64 Unrealized +18.3%

BAC BANK AMERICA CORP COM 0.2%

Value ($000) $22,800 (+2.0%) Shares 414,547 (-4.3%) Est. Cost $43.59 Unrealized +20.8%

IEX IDEX CORP COM 0.1%

Value ($000) $7,371 (+6.4%) Shares 41,425 (-2.7%) Est. Cost $198.07 Unrealized -13.8%

HBAN HUNTINGTON BANCSHARES INC COM 0.1%

Value ($000) $6,289 (-5.5%) Shares 362,484 (-5.9%) Est. Cost $14.95 Unrealized +9.0%

CME CME GROUP INC COM 0.1%

Value ($000) $7,985 (-3.8%) Shares 29,239 (-4.9%) Est. Cost $165.23 Unrealized +63.9%

SNA SNAP ON INC COM 0.0%

Value ($000) $5,342 (-5.3%) Shares 15,502 (-4.7%) Est. Cost $246.05 Unrealized +38.4%

DRH DIAMONDROCK HOSPITALITY CO COM 0.0%

Value ($000) $1,041 (-17.9%) Shares 116,142 (-27.0%) Est. Cost $8.01 Unrealized —

AEP AMERICAN ELEC PWR CO INC COM 0.1%

Value ($000) $11,968 (-1.5%) Shares 103,788 (-3.9%) Est. Cost $108.19 Unrealized +8.8%

EMA EMERA INC COM 0.1%

Value ($000) $11,255 (-1.4%) Shares 166,397 (-2.7%) Est. Cost $43.35 Unrealized +11.4%

MCK MCKESSON CORP COM 0.0%

Value ($000) $244 (-40.0%) Shares 297 (-43.5%) Est. Cost $703.74 Unrealized +15.9%

NEE NEXTERA ENERGY INC COM 0.1%

Value ($000) $8,985 (+1.3%) Shares 111,926 (-4.8%) Est. Cost $68.62 Unrealized +20.2%

CSX CSX CORP COM 0.1%

Value ($000) $5,968 (-1.9%) Shares 164,633 (-3.9%) Est. Cost $33.93 Unrealized +5.2%

TXNM TXNM ENERGY INC COM 0.1%

Value ($000) $7,361 (+0.1%) Shares 125,018 (-3.9%) Est. Cost $47.11 Unrealized +22.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC COM NEW	443,705 (-84.2%)	$51,776 (-81.9%)	0.4%	$49.40	+109.8%	COM NEW	172967424
GOOGL	ALPHABET INC CAP STK CL A	2,276,547 (-13.0%)	$712,559 (+12.1%)	6.1%	$112.17	+154.6%	CL A	02079K305
DGX	QUEST DIAGNOSTICS INC COM	175,146 (-48.7%)	$30,393 (-53.3%)	0.3%	$138.53	+31.4%	COM	74834L100
MWA	MUELLER WTR PRODS INC COM SER A	200,572 (-86.8%)	$4,778 (-87.6%)	0.0%	$13.69	+80.3%	COM SER A	624758108
EHC	ENCOMPASS HEALTH CORP COM	206,077 (-50.9%)	$21,873 (-59.0%)	0.2%	$69.09	+67.5%	COM	29261A100
MHK	MOHAWK INDS INC COM	310,411 (-33.9%)	$33,928 (-44.0%)	0.3%	$115.89	-0.9%	COM	608190104
CSCO	CISCO SYS INC COM	435,414 (-45.9%)	$33,540 (-39.1%)	0.3%	$42.01	+75.7%	COM	17275R102
NVST	ENVISTA HOLDINGS CORPORATION COM	1,011,327 (-50.5%)	$21,956 (-47.2%)	0.2%	$22.07	-7.0%	COM	29415F104
AMH	AMERICAN HOMES 4 RENT CL A	790,126 (-41.1%)	$25,363 (-43.1%)	0.2%	$37.35	—	CL A	02665T306
VSH	VISHAY INTERTECHNOLOGY INC COM	1,293,670 (-47.8%)	$18,745 (-50.6%)	0.2%	$18.23	-17.3%	COM	928298108
SF	STIFEL FINL CORP COM	352,368 (-34.9%)	$44,124 (-28.1%)	0.4%	$96.24	+24.3%	COM	860630102
FHN	FIRST HORIZON CORPORATION COM	994,735 (-45.2%)	$23,774 (-42.0%)	0.2%	$19.97	+11.1%	COM	320517105
VTR	VENTAS INC COM	51,529 (-82.9%)	$3,987 (-81.1%)	0.0%	$62.27	+20.4%	COM	92276F100
TSM	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	950,713 (-13.1%)	$288,912 (-5.5%)	2.5%	$122.16	—	SPONSORED ADS	874039100
WTFC	WINTRUST FINL CORP COM	330,524 (-29.9%)	$46,214 (-26.0%)	0.4%	$96.32	+38.1%	COM	97650W108
TNC	TENNANT CO COM	231,570 (-43.0%)	$17,067 (-48.1%)	0.1%	$80.29	-5.1%	COM	880345103
O	REALTY INCOME CORP COM	42,430 (-85.7%)	$2,392 (-86.7%)	0.0%	$52.79	+8.7%	COM	756109104
DOC	HEALTHPEAK PROPERTIES INC COM	670,049 (-49.9%)	$10,774 (-57.9%)	0.1%	$18.41	-5.2%	COM	42250P103
WFG	WEST FRASER TIMBER CO LTD COM	40,303 (-78.5%)	$3,377 (-80.9%)	0.0%	$73.49	-14.8%	COM	952845105
RNR	RENAISSANCERE HLDGS LTD COM	4,191 (-92.8%)	$1,178 (-92.0%)	0.0%	$191.19	+37.6%	COM	G7496G103
HSIC	HENRY SCHEIN INC COM	298,974 (-43.1%)	$22,596 (-35.3%)	0.2%	$69.53	+1.2%	COM	806407102
AMP	AMERIPRISE FINL INC COM	224 (-99.1%)	$110 (-99.1%)	0.0%	$419.95	+12.8%	COM	03076C106
STRA	STRATEGIC ED INC COM	346,230 (-24.7%)	$27,768 (-29.8%)	0.2%	$76.93	+3.3%	COM	86272C103
TRIP	TRIPADVISOR INC COM	1,815,534 (-21.8%)	$26,434 (-30.0%)	0.2%	$23.30	-34.7%	COM	896945201
FRT	FEDERAL RLTY INVT TR NEW SH BEN INT NEW	34,835 (-73.7%)	$3,511 (-73.8%)	0.0%	$97.48	-0.1%	SH BEN INT NEW	313745101
BLK	BLACKROCK INC COM	35,924 (-13.1%)	$38,451 (-20.2%)	0.3%	$991.05	+9.9%	COM	09290D101
GNTX	GENTEX CORP COM	739,185 (-20.2%)	$17,201 (-34.3%)	0.1%	$31.32	-23.0%	COM	371901109
ETR	ENTERGY CORP NEW COM	114,070 (-45.2%)	$10,543 (-45.7%)	0.1%	$84.12	+12.4%	COM	29364G103
LNG	CHENIERE ENERGY INC COM NEW	79,535 (-22.2%)	$15,461 (-35.6%)	0.1%	$140.02	+50.0%	COM NEW	16411R208
NKE	NIKE INC CL B	175,076 (-37.4%)	$11,154 (-42.8%)	0.1%	$96.67	-32.9%	CL B	654106103
LITE	LUMENTUM HLDGS INC COM	130,913 (-47.3%)	$48,253 (+19.4%)	0.4%	$53.26	+382.2%	COM	55024U109
—	PINNACLE FINL PARTNERS INC COM	135,872 (-38.6%)	$12,964 (-37.6%)	0.1%	$114.39	—	COM	72346Q104
AZO	AUTOZONE INC COM	31 (-98.3%)	$105 (-98.7%)	0.0%	$3001.49	+25.9%	COM	053332102
TMO	THERMO FISHER SCIENTIFIC INC COM	446,129 (-13.8%)	$258,509 (+3.0%)	2.2%	$483.98	+16.8%	COM	883556102
ADI	ANALOG DEVICES INC COM	527,174 (-4.6%)	$142,970 (+5.3%)	1.2%	$192.86	+29.9%	COM	032654105
PSX	PHILLIPS 66 COM	57,380 (-46.3%)	$7,404 (-49.1%)	0.1%	$111.04	+20.7%	COM	718546104
LII	LENNOX INTL INC COM	163 (-98.7%)	$79 (-98.8%)	0.0%	$374.05	+33.6%	COM	526107107
TKR	TIMKEN CO COM	322,557 (-27.5%)	$27,137 (-18.9%)	0.2%	$73.05	+8.9%	COM	887389104
ARE	ALEXANDRIA REAL ESTATE EQ IN COM	38,672 (-60.4%)	$1,893 (-76.7%)	0.0%	$103.89	-44.2%	COM	015271109
FDS	FACTSET RESH SYS INC COM	218 (-98.9%)	$63 (-98.9%)	0.0%	$428.81	-34.7%	COM	303075105
FSLR	FIRST SOLAR INC COM	170,690 (-3.6%)	$44,589 (+14.2%)	0.4%	$149.58	+68.6%	COM	336433107
SPG	SIMON PPTY GROUP INC NEW COM	124,917 (-17.1%)	$23,123 (-18.3%)	0.2%	$149.38	+20.5%	COM	828806109
PCAR	PACCAR INC COM	636 (-98.8%)	$70 (-98.7%)	0.0%	$72.92	+38.8%	COM	693718108
HD	HOME DEPOT INC COM	57,183 (-5.7%)	$19,677 (-19.9%)	0.2%	$305.79	+19.2%	COM	437076102
LXFR	LUXFER HLDGS PLC SHS	987,329 (-24.7%)	$13,359 (-26.7%)	0.1%	$14.23	-8.5%	SHS	G5698W116
ABBV	ABBVIE INC COM	28,768 (-41.5%)	$6,573 (-42.3%)	0.1%	$156.59	+45.3%	COM	00287Y109
THR	THERMON GROUP HLDGS INC COM	689,677 (-38.7%)	$25,628 (-14.7%)	0.2%	$16.90	+94.2%	COM	88362T103
BNL	BROADSTONE NET LEASE INC COM	268,837 (-46.9%)	$4,670 (-48.3%)	0.0%	$16.85	—	COM	11135E203
MRK	MERCK & CO INC COM	524,615 (-13.5%)	$55,221 (+8.4%)	0.5%	$91.50	+1.9%	COM	58933Y105
AMAT	APPLIED MATLS INC COM	7,280 (-75.7%)	$1,871 (-69.4%)	0.0%	$112.72	+112.5%	COM	038222105
PLD	PROLOGIS INC. COM	403,087 (-2.4%)	$51,458 (+8.8%)	0.4%	$102.19	+21.2%	COM	74340W103
NTAP	NETAPP INC COM	40,001 (-43.3%)	$4,284 (-48.8%)	0.0%	$99.08	+14.7%	COM	64110D104
EXR	EXTRA SPACE STORAGE INC COM	123,469 (-13.3%)	$16,078 (-19.9%)	0.1%	$126.49	+6.7%	COM	30225T102
CF	CF INDS HLDGS INC COM	503 (-98.8%)	$39 (-99.0%)	0.0%	$78.58	+4.3%	COM	125269100
REGN	REGENERON PHARMACEUTICALS COM	116 (-98.2%)	$90 (-97.5%)	0.0%	$713.20	-4.8%	COM	75886F107
YUMC	YUM CHINA HLDGS INC COM	157,296 (-37.6%)	$7,509 (-30.6%)	0.1%	$47.97	-4.5%	COM	98850P109
APH	AMPHENOL CORP NEW CL A	58,773 (-35.3%)	$7,943 (-29.3%)	0.1%	$67.73	+97.2%	CL A	032095101
AWK	AMERICAN WTR WKS CO INC NEW COM	82,336 (-17.8%)	$10,745 (-23.0%)	0.1%	$124.77	+6.7%	COM	030420103
AVB	AVALONBAY CMNTYS INC COM	90,491 (-10.4%)	$16,407 (-15.9%)	0.1%	$183.89	-2.2%	COM	053484101
ICE	INTERCONTINENTAL EXCHANGE IN COM	49,724 (-24.5%)	$8,053 (-27.5%)	0.1%	$109.86	+42.2%	COM	45866F104
MPC	MARATHON PETE CORP COM	60,199 (-6.5%)	$9,790 (-21.1%)	0.1%	$121.95	+52.9%	COM	56585A102
STAG	STAG INDL INC COM	601,349 (-14.1%)	$22,106 (-10.5%)	0.2%	$33.79	—	COM	85254J102
EA	ELECTRONIC ARTS INC COM	44,270 (-22.5%)	$9,046 (-21.5%)	0.1%	$134.67	+49.8%	COM	285512109
MCD	MCDONALDS CORP COM	35,509 (-18.6%)	$10,853 (-18.2%)	0.1%	$245.32	+24.4%	COM	580135101
CRM	SALESFORCE INC COM	31,921 (-29.1%)	$8,456 (-20.8%)	0.1%	$194.78	+27.4%	COM	79466L302
IRM	IRON MTN INC DEL COM	56,078 (-15.7%)	$4,652 (-31.4%)	0.0%	$93.10	-0.3%	COM	46284V101
OTIS	OTIS WORLDWIDE CORP COM	170,144 (-7.9%)	$14,862 (-12.0%)	0.1%	$87.71	+1.8%	COM	68902V107
EQIX	EQUINIX INC COM	37,949 (-3.7%)	$29,075 (-5.8%)	0.2%	$758.14	+3.0%	COM	29444U700
EXE	EXPAND ENERGY CORPORATION COM	202,302 (-10.4%)	$22,326 (-7.0%)	0.2%	$83.18	+33.0%	COM	165167735
DOV	DOVER CORP COM	185 (-98.2%)	$36 (-97.9%)	0.0%	$151.92	+19.7%	COM	260003108
BMY	BRISTOL-MYERS SQUIBB CO COM	1,014 (-97.1%)	$55 (-96.6%)	0.0%	$51.32	-7.4%	COM	110122108
BC	BRUNSWICK CORP COM	754,046 (-17.0%)	$55,980 (-2.6%)	0.5%	$68.15	-0.9%	COM	117043109
RCI	ROGERS COMMUNICATIONS INC CL B	4,044 (-91.2%)	$153 (-90.4%)	0.0%	$34.43	+8.9%	CL B	775109200
CBRE	CBRE GROUP INC CL A	60,240 (-14.4%)	$9,686 (-12.7%)	0.1%	$82.94	+89.6%	CL A	12504L109
ELV	ELEVANCE HEALTH INC FORMERLY COM	694 (-86.2%)	$243 (-85.1%)	0.0%	$442.79	-24.0%	COM	036752103
AVGO	BROADCOM INC COM	275,943 (-3.3%)	$95,504 (+1.4%)	0.8%	$174.58	+104.5%	COM	11135F101
BKR	BAKER HUGHES COMPANY CL A	237,462 (-4.8%)	$10,814 (-11.0%)	0.1%	$41.07	+15.2%	CL A	05722G100
IQV	IQVIA HLDGS INC COM	49,397 (-4.7%)	$11,135 (+13.1%)	0.1%	$195.76	+11.1%	COM	46266C105
JKHY	HENRY JACK & ASSOC INC COM	45,152 (-4.7%)	$8,239 (+16.8%)	0.1%	$175.74	-5.4%	COM	426281101
FERG	FERGUSON ENTERPRISES INC COMMON STOCK NEW	77,392 (-5.6%)	$17,230 (-6.4%)	0.1%	$207.90	+14.5%	COM NEW	31488V107
TRI	THOMSON REUTERS CORP COM	31,265 (-8.4%)	$4,127 (-22.1%)	0.0%	$162.12	-12.9%	COM	884903808
MRSH	MARSH & MCLENNAN COS INC COM	44,049 (-4.5%)	$8,172 (-12.1%)	0.1%	$158.07	+17.9%	COM	571748102
AKAM	AKAMAI TECHNOLOGIES INC COM	383,311 (-10.2%)	$33,444 (+3.5%)	0.3%	$85.20	-3.5%	COM	00971T101
SO	SOUTHERN CO COM	86,261 (-4.8%)	$7,522 (-12.4%)	0.1%	$87.99	+3.3%	COM	842587107
CUBE	CUBESMART COM	54,876 (-25.4%)	$1,978 (-33.9%)	0.0%	$42.62	—	COM	229663109
CP	CANADIAN PACIFIC KANSAS CITY COM	148,284 (-3.9%)	$14,984 (-6.3%)	0.1%	$76.95	-4.3%	COM	13646K108
CVX	CHEVRON CORP NEW COM	94,815 (-4.6%)	$14,451 (-6.4%)	0.1%	$146.32	+3.5%	COM	166764100
BR	BROADRIDGE FINL SOLUTIONS IN COM	35,316 (-4.7%)	$7,881 (-10.7%)	0.1%	$235.32	-3.4%	COM	11133T103
NSC	NORFOLK SOUTHN CORP COM	37,112 (-3.9%)	$10,715 (-7.6%)	0.1%	$276.03	+4.6%	COM	655844108
OGE	OGE ENERGY CORP COM	157,812 (-3.9%)	$6,739 (-11.3%)	0.1%	$44.37	+0.5%	COM	670837103
CL	COLGATE PALMOLIVE CO COM	194,641 (-4.2%)	$15,381 (-5.3%)	0.1%	$89.91	-12.9%	COM	194162103
WFC	WELLS FARGO CO NEW COM	163,380 (-4.7%)	$15,227 (+5.9%)	0.1%	$68.91	+25.7%	COM	949746101
CPK	CHESAPEAKE UTILS CORP COM	54,718 (-3.9%)	$6,827 (-11.0%)	0.1%	$123.82	+6.1%	COM	165303108
TGS	TRANSPORTADORA DE GAS SUR SPONSORED ADS B	101,016 (-10.4%)	$3,141 (+32.5%)	0.0%	$27.11	—	SPONSORED ADS	893870204
APLE	APPLE HOSPITALITY REIT INC COM NEW	353,502 (-14.2%)	$4,189 (-15.3%)	0.0%	$11.71	—	COM NEW	03784Y200
MGEE	MGE ENERGY INC COM	80,501 (-3.9%)	$6,313 (-10.4%)	0.1%	$88.00	-7.0%	COM	55277P104
DLR	DIGITAL RLTY TR INC COM	16,154 (-13.6%)	$2,499 (-22.7%)	0.0%	$156.22	+4.4%	COM	253868103
PNR	PENTAIR PLC SHS	50,555 (-6.3%)	$5,265 (-11.9%)	0.0%	$83.98	+27.1%	SHS	G7S00T104
SYK	STRYKER CORPORATION COM	21,676 (-3.5%)	$7,618 (-8.3%)	0.1%	$371.54	-2.2%	COM	863667101
WBD	WARNER BROS DISCOVERY INC COM SER A	29,059 (-62.6%)	$837 (-44.8%)	0.0%	$10.38	+125.2%	COM SER A	934423104
HST	HOST HOTELS & RESORTS INC COM	103,282 (-29.6%)	$1,831 (-26.7%)	0.0%	$16.09	+5.2%	COM	44107P104
LNT	ALLIANT ENERGY CORP COM	123,553 (-3.9%)	$8,032 (-7.3%)	0.1%	$60.10	+11.2%	COM	018802108
UNH	UNITEDHEALTH GROUP INC COM	23,067 (-2.7%)	$7,615 (-6.9%)	0.1%	$489.64	-31.1%	COM	91324P102
FE	FIRSTENERGY CORP COM	195,225 (-3.9%)	$8,740 (-6.1%)	0.1%	$38.64	+18.3%	COM	337932107
BAC	BANK AMERICA CORP COM	414,547 (-4.3%)	$22,800 (+2.0%)	0.2%	$43.59	+20.8%	COM	060505104
IEX	IDEX CORP COM	41,425 (-2.7%)	$7,371 (+6.4%)	0.1%	$198.07	-13.8%	COM	45167R104
HBAN	HUNTINGTON BANCSHARES INC COM	362,484 (-5.9%)	$6,289 (-5.5%)	0.1%	$14.95	+9.0%	COM	446150104
CME	CME GROUP INC COM	29,239 (-4.9%)	$7,985 (-3.8%)	0.1%	$165.23	+63.9%	COM	12572Q105
SNA	SNAP ON INC COM	15,502 (-4.7%)	$5,342 (-5.3%)	0.0%	$246.05	+38.4%	COM	833034101
DRH	DIAMONDROCK HOSPITALITY CO COM	116,142 (-27.0%)	$1,041 (-17.9%)	0.0%	$8.01	—	COM	252784301
AEP	AMERICAN ELEC PWR CO INC COM	103,788 (-3.9%)	$11,968 (-1.5%)	0.1%	$108.19	+8.8%	COM	025537101
EMA	EMERA INC COM	166,397 (-2.7%)	$11,255 (-1.4%)	0.1%	$43.35	+11.4%	COM	290876101
MCK	MCKESSON CORP COM	297 (-43.5%)	$244 (-40.0%)	0.0%	$703.74	+15.9%	COM	58155Q103
NEE	NEXTERA ENERGY INC COM	111,926 (-4.8%)	$8,985 (+1.3%)	0.1%	$68.62	+20.2%	COM	65339F101
CSX	CSX CORP COM	164,633 (-3.9%)	$5,968 (-1.9%)	0.1%	$33.93	+5.2%	COM	126408103
TXNM	TXNM ENERGY INC COM	125,018 (-3.9%)	$7,361 (+0.1%)	0.1%	$47.11	+22.5%	COM	69349H107

Unchanged Positions (12)

NVR NVR INC COM 1.1%

Value ($000) $127,886 Shares 17,536 Est. Cost $7324.96 Unrealized +2.1%

LYB LYONDELLBASELL INDUSTRIES N SHS - A - 0.2%

Value ($000) $21,278 Shares 491,404 Est. Cost $65.24 Unrealized -31.9%

ATS ATS CORPORATION COM 0.3%

Value ($000) $30,816 Shares 815,031 Est. Cost $28.42 Unrealized -6.0%

PSA PUBLIC STORAGE OPER CO COM 0.1%

Value ($000) $10,042 Shares 38,696 Est. Cost $285.69 Unrealized -2.9%

PPL PPL CORP COM 0.1%

Value ($000) $15,193 Shares 433,848 Est. Cost $22.40 Unrealized +59.9%

TYL TYLER TECHNOLOGIES INC COM 0.1%

Value ($000) $6,407 Shares 14,113 Est. Cost $566.22 Unrealized -15.9%

NTR NUTRIEN LTD COM 0.2%

Value ($000) $21,684 Shares 255,952 Est. Cost $49.21 Unrealized +19.6%

NE NOBLE CORP PLC ORD SHS A 0.3%

Value ($000) $33,933 Shares 1,201,597 Est. Cost $35.17 Unrealized -16.9%

BRK/A BERKSHIRE HATHAWAY INC DEL CL A 0.8%

Value ($000) $98,124 Shares 130 Est. Cost $475673.66 Unrealized +56.9%

FOX FOX CORP CL B COM 0.0%

Value ($000) $150 Shares 2,317 Est. Cost $33.18 Unrealized +76.0%

FSV FIRSTSERVICE CORP NEW COM 0.0%

Value ($000) $52 Shares 336 Est. Cost $121.35 Unrealized +33.8%

LULU LULULEMON ATHLETICA INC COM 0.0%

Value ($000) $45 Shares 218 Est. Cost $368.96 Unrealized -50.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVR	NVR INC COM	17,536	$127,886	1.1%	$7324.96	+2.1%	COM	62944T105
LYB	LYONDELLBASELL INDUSTRIES N SHS - A -	491,404	$21,278	0.2%	$65.24	-31.9%	SHS - A -	N53745100
ATS	ATS CORPORATION COM	815,031	$30,816	0.3%	$28.42	-6.0%	COM	00217Y104
PSA	PUBLIC STORAGE OPER CO COM	38,696	$10,042	0.1%	$285.69	-2.9%	COM	74460D109
PPL	PPL CORP COM	433,848	$15,193	0.1%	$22.40	+59.9%	COM	69351T106
TYL	TYLER TECHNOLOGIES INC COM	14,113	$6,407	0.1%	$566.22	-15.9%	COM	902252105
NTR	NUTRIEN LTD COM	255,952	$21,684	0.2%	$49.21	+19.6%	COM	67077M108
NE	NOBLE CORP PLC ORD SHS A	1,201,597	$33,933	0.3%	$35.17	-16.9%	SHS A	G65431127
BRK/A	BERKSHIRE HATHAWAY INC DEL CL A	130	$98,124	0.8%	$475673.66	+56.9%	CL A	084670108
FOX	FOX CORP CL B COM	2,317	$150	0.0%	$33.18	+76.0%	COM	35137L204
FSV	FIRSTSERVICE CORP NEW COM	336	$52	0.0%	$121.35	+33.8%	COM	33767E202
LULU	LULULEMON ATHLETICA INC COM	218	$45	0.0%	$368.96	-50.9%	COM	550021109