Cardinal Capital Management Diversified Active

CIK: 0001434845 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 30, 2026

Total Value ($000): $755,027 (100.0% shares, 0.0% debt)

Holdings (133)

New Positions (6)

PFE PFIZER INC 0.4%

Value ($000) $2,994 Shares 120,229 Est. Cost $25.03 Unrealized 0.0%

TTE TOTALENERGIES SE 0.4%

Value ($000) $2,951 Shares 45,106 Est. Cost $63.23 Unrealized 0.0%

UL UNILEVER PLC 0.3%

Value ($000) $2,431 Shares 37,166 Est. Cost $65.40 Unrealized —

Q QNITY ELECTRONICS INC 0.2%

Value ($000) $1,406 Shares 17,222 Est. Cost $84.91 Unrealized 0.0%

AOS SMITH A O CORP 0.2%

Value ($000) $1,332 Shares 19,923 Est. Cost $67.45 Unrealized 0.0%

AMZN AMAZON COM INC 0.1%

Value ($000) $1,000 Shares 4,332 Est. Cost $228.79 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFE	PFIZER INC	120,229	$2,994	0.4%	$25.03	0.0%	COMMON STOCK	717081103
TTE	TOTALENERGIES SE	45,106	$2,951	0.4%	$63.23	0.0%	ADR	F92124100
UL	UNILEVER PLC	37,166	$2,431	0.3%	$65.40	—	ADR	904767803
Q	QNITY ELECTRONICS INC	17,222	$1,406	0.2%	$84.91	0.0%	COMMON STOCK	74743L100
AOS	SMITH A O CORP	19,923	$1,332	0.2%	$67.45	0.0%	COMMON STOCK	831865209
AMZN	AMAZON COM INC	4,332	$1,000	0.1%	$228.79	0.0%	COMMON STOCK	023135106

Increased Positions (39)

MRK MERCK & CO INC 1.4%

Value ($000) $10,217 (+27.0%) Shares 96,293 (+1.4%) Est. Cost $54.71 Unrealized +70.4%

LH LABCORP HOLDINGS INC 1.3%

Value ($000) $9,634 (-11.7%) Shares 38,401 (+1.0%) Est. Cost $203.55 Unrealized +30.3%

FFIV F5 INC 0.6%

Value ($000) $4,876 (-19.5%) Shares 19,104 (+1.9%) Est. Cost $162.36 Unrealized +65.7%

VEEV VEEVA SYS INC 0.5%

Value ($000) $3,776 (-23.7%) Shares 16,916 (+1.9%) Est. Cost $181.83 Unrealized +45.9%

FDX FEDEX CORP 0.7%

Value ($000) $5,273 (+24.8%) Shares 18,165 (+1.9%) Est. Cost $125.29 Unrealized +108.8%

BMY BRISTOL-MYERS SQUIBB CO 0.7%

Value ($000) $5,625 (+20.8%) Shares 104,288 (+1.0%) Est. Cost $44.14 Unrealized +7.7%

HAE HAEMONETICS CORP MASS 0.2%

Value ($000) $1,799 (+66.8%) Shares 22,442 (+1.5%) Est. Cost $63.41 Unrealized +6.0%

JKHY HENRY JACK & ASSOC INC 0.4%

Value ($000) $3,199 (+24.5%) Shares 17,531 (+1.6%) Est. Cost $98.04 Unrealized +69.6%

LSTR LANDSTAR SYS INC 0.5%

Value ($000) $3,554 (+19.2%) Shares 24,732 (+1.7%) Est. Cost $109.49 Unrealized —

PG PROCTER AND GAMBLE CO 1.1%

Value ($000) $8,350 (-5.4%) Shares 58,268 (+1.4%) Est. Cost $75.24 Unrealized +95.6%

VC VISTEON CORP 0.3%

Value ($000) $1,927 (-19.6%) Shares 20,263 (+1.3%) Est. Cost $90.86 Unrealized +16.4%

UPS UNITED PARCEL SERVICE INC 0.3%

Value ($000) $2,530 (+22.1%) Shares 25,508 (+2.9%) Est. Cost $77.80 Unrealized +19.2%

HUBG HUB GROUP INC 0.3%

Value ($000) $2,234 (+25.0%) Shares 52,438 (+1.0%) Est. Cost $37.42 Unrealized +1.6%

DXCM DEXCOM INC 0.5%

Value ($000) $3,721 (+13.2%) Shares 56,063 (+14.8%) Est. Cost $73.25 Unrealized -11.7%

YETI YETI HLDGS INC 0.2%

Value ($000) $1,470 (+36.5%) Shares 33,277 (+2.5%) Est. Cost $35.03 Unrealized +9.8%

WLY WILEY JOHN & SONS INC 0.2%

Value ($000) $1,397 (-21.1%) Shares 45,091 (+3.0%) Est. Cost $38.50 Unrealized -9.6%

LNN LINDSAY CORP 0.3%

Value ($000) $2,034 (-14.9%) Shares 17,258 (+1.5%) Est. Cost $100.04 Unrealized +19.8%

GNTX GENTEX CORP 0.2%

Value ($000) $1,746 (-16.2%) Shares 75,050 (+1.9%) Est. Cost $25.51 Unrealized -5.5%

MASI MASIMO CORP 0.4%

Value ($000) $2,791 (-10.7%) Shares 21,462 (+1.3%) Est. Cost $99.24 Unrealized +44.3%

SEE SEALED AIR CORP NEW 0.3%

Value ($000) $2,099 (+18.6%) Shares 50,659 (+1.2%) Est. Cost $35.01 Unrealized +10.2%

DLB DOLBY LABORATORIES INC 0.4%

Value ($000) $2,932 (-9.8%) Shares 45,658 (+1.6%) Est. Cost $55.62 Unrealized +19.7%

KO COCA COLA CO 0.8%

Value ($000) $5,824 (+5.7%) Shares 83,314 (+1.0%) Est. Cost $32.21 Unrealized +115.4%

OLED UNIVERSAL DISPLAY CORP 0.2%

Value ($000) $1,309 (-16.6%) Shares 11,205 (+2.6%) Est. Cost $137.74 Unrealized -6.2%

IIIN INSTEEL INDS INC 0.2%

Value ($000) $1,377 (-15.3%) Shares 43,469 (+2.5%) Est. Cost $27.98 Unrealized +14.2%

MHK MOHAWK INDS INC 0.2%

Value ($000) $1,593 (-13.3%) Shares 14,571 (+2.3%) Est. Cost $118.60 Unrealized -3.2%

MIDD MIDDLEBY CORP 0.2%

Value ($000) $1,626 (+14.0%) Shares 10,936 (+1.9%) Est. Cost $142.36 Unrealized -7.8%

TMP TOMPKINS FINL CORP 0.2%

Value ($000) $1,698 (+11.1%) Shares 23,419 (+1.4%) Est. Cost $54.40 Unrealized +24.6%

LZB LA Z BOY INC 0.2%

Value ($000) $1,811 (+9.9%) Shares 48,579 (+1.2%) Est. Cost $34.35 Unrealized +2.0%

BCPC BALCHEM CORP 0.5%

Value ($000) $4,004 (+3.9%) Shares 25,949 (+1.1%) Est. Cost $89.52 Unrealized +69.5%

UTMD UTAH MED PRODS INC 0.2%

Value ($000) $1,394 (-9.6%) Shares 24,836 (+1.9%) Est. Cost $67.04 Unrealized -13.5%

SNY SANOFI SA 0.5%

Value ($000) $3,570 (+3.9%) Shares 73,674 (+1.2%) Est. Cost $45.17 Unrealized —

ALC ALCON AG 0.2%

Value ($000) $1,604 (+7.3%) Shares 20,353 (+1.4%) Est. Cost $68.76 Unrealized +12.0%

WS WORTHINGTON STL INC 0.1%

Value ($000) $703 (+16.5%) Shares 20,297 (+2.2%) Est. Cost $31.25 Unrealized +5.2%

WOR WORTHINGTON ENTERPRISES INC 0.2%

Value ($000) $1,510 (-5.1%) Shares 29,273 (+2.1%) Est. Cost $43.86 Unrealized +25.8%

SBUX STARBUCKS CORP 1.0%

Value ($000) $7,798 (+0.8%) Shares 92,602 (+1.2%) Est. Cost $59.51 Unrealized +41.2%

COP CONOCOPHILLIPS 1.1%

Value ($000) $8,557 (+0.6%) Shares 91,413 (+1.6%) Est. Cost $52.76 Unrealized +70.6%

OFLX OMEGA FLEX INC 0.2%

Value ($000) $1,272 (-3.5%) Shares 42,716 (+2.2%) Est. Cost $36.35 Unrealized -21.5%

HALO HALOZYME THERAPEUTICS INC 0.2%

Value ($000) $1,258 (-3.5%) Shares 18,689 (+5.2%) Est. Cost $66.47 Unrealized +1.2%

ALRM ALARM COM HLDGS INC 0.2%

Value ($000) $1,497 (-0.7%) Shares 29,336 (+3.3%) Est. Cost $61.31 Unrealized -16.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK & CO INC	96,293 (+1.4%)	$10,217 (+27.0%)	1.4%	$54.71	+70.4%	COMMON STOCK	58933Y105
LH	LABCORP HOLDINGS INC	38,401 (+1.0%)	$9,634 (-11.7%)	1.3%	$203.55	+30.3%	COMMON STOCK	504922105
FFIV	F5 INC	19,104 (+1.9%)	$4,876 (-19.5%)	0.6%	$162.36	+65.7%	COMMON STOCK	315616102
VEEV	VEEVA SYS INC	16,916 (+1.9%)	$3,776 (-23.7%)	0.5%	$181.83	+45.9%	COMMON STOCK	922475108
FDX	FEDEX CORP	18,165 (+1.9%)	$5,273 (+24.8%)	0.7%	$125.29	+108.8%	COMMON STOCK	31428X106
BMY	BRISTOL-MYERS SQUIBB CO	104,288 (+1.0%)	$5,625 (+20.8%)	0.7%	$44.14	+7.7%	COMMON STOCK	110122108
HAE	HAEMONETICS CORP MASS	22,442 (+1.5%)	$1,799 (+66.8%)	0.2%	$63.41	+6.0%	COMMON STOCK	405024100
JKHY	HENRY JACK & ASSOC INC	17,531 (+1.6%)	$3,199 (+24.5%)	0.4%	$98.04	+69.6%	COMMON STOCK	426281101
LSTR	LANDSTAR SYS INC	24,732 (+1.7%)	$3,554 (+19.2%)	0.5%	$109.49	—	COMMON STOCK	515098101
PG	PROCTER AND GAMBLE CO	58,268 (+1.4%)	$8,350 (-5.4%)	1.1%	$75.24	+95.6%	COMMON STOCK	742718109
VC	VISTEON CORP	20,263 (+1.3%)	$1,927 (-19.6%)	0.3%	$90.86	+16.4%	COMMON STOCK	92839U206
UPS	UNITED PARCEL SERVICE INC	25,508 (+2.9%)	$2,530 (+22.1%)	0.3%	$77.80	+19.2%	COMMON STOCK	911312106
HUBG	HUB GROUP INC	52,438 (+1.0%)	$2,234 (+25.0%)	0.3%	$37.42	+1.6%	COMMON STOCK	443320106
DXCM	DEXCOM INC	56,063 (+14.8%)	$3,721 (+13.2%)	0.5%	$73.25	-11.7%	COMMON STOCK	252131107
YETI	YETI HLDGS INC	33,277 (+2.5%)	$1,470 (+36.5%)	0.2%	$35.03	+9.8%	COMMON STOCK	98585X104
WLY	WILEY JOHN & SONS INC	45,091 (+3.0%)	$1,397 (-21.1%)	0.2%	$38.50	-9.6%	COMMON STOCK	968223206
LNN	LINDSAY CORP	17,258 (+1.5%)	$2,034 (-14.9%)	0.3%	$100.04	+19.8%	COMMON STOCK	535555106
GNTX	GENTEX CORP	75,050 (+1.9%)	$1,746 (-16.2%)	0.2%	$25.51	-5.5%	COMMON STOCK	371901109
MASI	MASIMO CORP	21,462 (+1.3%)	$2,791 (-10.7%)	0.4%	$99.24	+44.3%	COMMON STOCK	574795100
SEE	SEALED AIR CORP NEW	50,659 (+1.2%)	$2,099 (+18.6%)	0.3%	$35.01	+10.2%	COMMON STOCK	81211K100
DLB	DOLBY LABORATORIES INC	45,658 (+1.6%)	$2,932 (-9.8%)	0.4%	$55.62	+19.7%	COMMON STOCK	25659T107
KO	COCA COLA CO	83,314 (+1.0%)	$5,824 (+5.7%)	0.8%	$32.21	+115.4%	COMMON STOCK	191216100
OLED	UNIVERSAL DISPLAY CORP	11,205 (+2.6%)	$1,309 (-16.6%)	0.2%	$137.74	-6.2%	COMMON STOCK	91347P105
IIIN	INSTEEL INDS INC	43,469 (+2.5%)	$1,377 (-15.3%)	0.2%	$27.98	+14.2%	COMMON STOCK	45774W108
MHK	MOHAWK INDS INC	14,571 (+2.3%)	$1,593 (-13.3%)	0.2%	$118.60	-3.2%	COMMON STOCK	608190104
MIDD	MIDDLEBY CORP	10,936 (+1.9%)	$1,626 (+14.0%)	0.2%	$142.36	-7.8%	COMMON STOCK	596278101
TMP	TOMPKINS FINL CORP	23,419 (+1.4%)	$1,698 (+11.1%)	0.2%	$54.40	+24.6%	COMMON STOCK	890110109
LZB	LA Z BOY INC	48,579 (+1.2%)	$1,811 (+9.9%)	0.2%	$34.35	+2.0%	COMMON STOCK	505336107
BCPC	BALCHEM CORP	25,949 (+1.1%)	$4,004 (+3.9%)	0.5%	$89.52	+69.5%	COMMON STOCK	057665200
UTMD	UTAH MED PRODS INC	24,836 (+1.9%)	$1,394 (-9.6%)	0.2%	$67.04	-13.5%	COMMON STOCK	917488108
SNY	SANOFI SA	73,674 (+1.2%)	$3,570 (+3.9%)	0.5%	$45.17	—	ADR	80105N105
ALC	ALCON AG	20,353 (+1.4%)	$1,604 (+7.3%)	0.2%	$68.76	+12.0%	COMMON STOCK	H01301128
WS	WORTHINGTON STL INC	20,297 (+2.2%)	$703 (+16.5%)	0.1%	$31.25	+5.2%	COMMON STOCK	982104101
WOR	WORTHINGTON ENTERPRISES INC	29,273 (+2.1%)	$1,510 (-5.1%)	0.2%	$43.86	+25.8%	COMMON STOCK	981811102
SBUX	STARBUCKS CORP	92,602 (+1.2%)	$7,798 (+0.8%)	1.0%	$59.51	+41.2%	COMMON STOCK	855244109
COP	CONOCOPHILLIPS	91,413 (+1.6%)	$8,557 (+0.6%)	1.1%	$52.76	+70.6%	COMMON STOCK	20825C104
OFLX	OMEGA FLEX INC	42,716 (+2.2%)	$1,272 (-3.5%)	0.2%	$36.35	-21.5%	COMMON STOCK	682095104
HALO	HALOZYME THERAPEUTICS INC	18,689 (+5.2%)	$1,258 (-3.5%)	0.2%	$66.47	+1.2%	COMMON STOCK	40637H109
ALRM	ALARM COM HLDGS INC	29,336 (+3.3%)	$1,497 (-0.7%)	0.2%	$61.31	-16.8%	COMMON STOCK	011642105

Exited Positions (4)

— TOTALENERGIES SE 0.4%

Value ($000) $2,716 Shares 44,748 Est. Cost $51.22 Unrealized —

— UNILEVER PLC 0.3%

Value ($000) $2,476 Shares 41,766 Est. Cost $53.01 Unrealized —

NVEC NVE CORP 0.2%

Value ($000) $1,142 Shares 17,500 Est. Cost $77.83 Unrealized -14.1%

— AMCOR PLC 0.1%

Value ($000) $1,036 Shares 126,653 Est. Cost $8.98 Unrealized -8.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE	44,748	$2,716	0.4%	$51.22	—	—	89151E109
—	UNILEVER PLC	41,766	$2,476	0.3%	$53.01	—	—	904767704
NVEC	NVE CORP	17,500	$1,142	0.2%	$77.83	-14.1%	—	629445206
—	AMCOR PLC	126,653	$1,036	0.1%	$8.98	-8.1%	—	G0250X107

Decreased Positions (14)

LLY ELI LILLY & CO 3.9%

Value ($000) $29,440 (+37.8%) Shares 27,394 (-2.2%) Est. Cost $45.64 Unrealized +1993.8%

GOOGL ALPHABET INC 2.7%

Value ($000) $20,566 (+26.9%) Shares 65,706 (-1.4%) Est. Cost $108.97 Unrealized +162.1%

DD DUPONT DE NEMOURS INC 0.0%

Value ($000) $269 (-90.0%) Shares 6,682 (-80.6%) Est. Cost $27.62 Unrealized +35.4%

MSFT MICROSOFT CORP 3.2%

Value ($000) $23,983 (-7.8%) Shares 49,591 (-1.2%) Est. Cost $40.47 Unrealized +1136.9%

GOOG ALPHABET INC 0.6%

Value ($000) $4,499 (+25.6%) Shares 14,337 (-2.5%) Est. Cost $110.77 Unrealized +158.5%

GIS GENERAL MLS INC 0.8%

Value ($000) $6,124 (-9.9%) Shares 131,701 (-2.3%) Est. Cost $39.57 Unrealized +19.9%

NVO NOVO-NORDISK A S 0.3%

Value ($000) $2,305 (-17.9%) Shares 45,310 (-10.5%) Est. Cost $67.10 Unrealized —

SAM BOSTON BEER INC 0.2%

Value ($000) $1,864 (-18.0%) Shares 9,551 (-11.1%) Est. Cost $259.84 Unrealized -20.6%

MORN MORNINGSTAR INC 0.4%

Value ($000) $2,834 (-12.1%) Shares 13,043 (-6.2%) Est. Cost $134.72 Unrealized +60.8%

IT GARTNER INC 0.1%

Value ($000) $999 (-7.2%) Shares 3,959 (-3.3%) Est. Cost $219.18 Unrealized +9.8%

HSIC HENRY SCHEIN INC 0.1%

Value ($000) $1,030 (-5.3%) Shares 13,632 (-16.9%) Est. Cost $77.82 Unrealized -9.6%

FNB F N B CORP 0.3%

Value ($000) $2,526 (-1.7%) Shares 147,700 (-7.4%) Est. Cost $11.45 Unrealized +42.0%

IGSB ISHARES TR 0.1%

Value ($000) $781 (-4.0%) Shares 14,770 (-3.7%) Est. Cost $50.54 Unrealized —

INTC INTEL CORP 0.0%

Value ($000) $294 (+0.6%) Shares 7,954 (-8.5%) Est. Cost $25.47 Unrealized +48.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	27,394 (-2.2%)	$29,440 (+37.8%)	3.9%	$45.64	+1993.8%	COMMON STOCK	532457108
GOOGL	ALPHABET INC	65,706 (-1.4%)	$20,566 (+26.9%)	2.7%	$108.97	+162.1%	COMMON STOCK	02079K305
DD	DUPONT DE NEMOURS INC	6,682 (-80.6%)	$269 (-90.0%)	0.0%	$27.62	+35.4%	COMMON STOCK	26614N102
MSFT	MICROSOFT CORP	49,591 (-1.2%)	$23,983 (-7.8%)	3.2%	$40.47	+1136.9%	COMMON STOCK	594918104
GOOG	ALPHABET INC	14,337 (-2.5%)	$4,499 (+25.6%)	0.6%	$110.77	+158.5%	COMMON STOCK	02079K107
GIS	GENERAL MLS INC	131,701 (-2.3%)	$6,124 (-9.9%)	0.8%	$39.57	+19.9%	COMMON STOCK	370334104
NVO	NOVO-NORDISK A S	45,310 (-10.5%)	$2,305 (-17.9%)	0.3%	$67.10	—	ADR	670100205
SAM	BOSTON BEER INC	9,551 (-11.1%)	$1,864 (-18.0%)	0.2%	$259.84	-20.6%	COMMON STOCK	100557107
MORN	MORNINGSTAR INC	13,043 (-6.2%)	$2,834 (-12.1%)	0.4%	$134.72	+60.8%	COMMON STOCK	617700109
IT	GARTNER INC	3,959 (-3.3%)	$999 (-7.2%)	0.1%	$219.18	+9.8%	COMMON STOCK	366651107
HSIC	HENRY SCHEIN INC	13,632 (-16.9%)	$1,030 (-5.3%)	0.1%	$77.82	-9.6%	COMMON STOCK	806407102
FNB	F N B CORP	147,700 (-7.4%)	$2,526 (-1.7%)	0.3%	$11.45	+42.0%	COMMON STOCK	302520101
IGSB	ISHARES TR	14,770 (-3.7%)	$781 (-4.0%)	0.1%	$50.54	—	ETF	464288646
INTC	INTEL CORP	7,954 (-8.5%)	$294 (+0.6%)	0.0%	$25.47	+48.2%	COMMON STOCK	458140100

Unchanged Positions (74)

JNJ JOHNSON & JOHNSON 3.2%

Value ($000) $24,236 Shares 117,110 Est. Cost $87.26 Unrealized +125.8%

CMI CUMMINS INC 1.5%

Value ($000) $10,952 Shares 21,455 Est. Cost $140.98 Unrealized +230.8%

REGN REGENERON PHARMACEUTICALS 0.9%

Value ($000) $6,488 Shares 8,406 Est. Cost $386.50 Unrealized +75.6%

ADP AUTOMATIC DATA PROCESSING IN 1.5%

Value ($000) $11,201 Shares 43,262 Est. Cost $65.90 Unrealized +301.9%

COST COSTCO WHSL CORP NEW 2.4%

Value ($000) $17,961 Shares 20,828 Est. Cost $118.65 Unrealized +663.4%

AAPL APPLE INC 3.1%

Value ($000) $23,700 Shares 87,178 Est. Cost $94.39 Unrealized +184.3%

CSCO CISCO SYS INC 1.6%

Value ($000) $12,095 Shares 157,011 Est. Cost $23.52 Unrealized +213.7%

WMT WALMART INC 2.3%

Value ($000) $17,405 Shares 156,224 Est. Cost $45.62 Unrealized +135.0%

NFG NATIONAL FUEL GAS CO 1.1%

Value ($000) $8,089 Shares 100,376 Est. Cost $56.41 Unrealized +46.1%

KEYS KEYSIGHT TECHNOLOGIES INC 1.1%

Value ($000) $8,141 Shares 40,066 Est. Cost $42.88 Unrealized +332.8%

AGX ARGAN INC 1.1%

Value ($000) $8,441 Shares 26,942 Est. Cost $39.37 Unrealized +704.9%

ODC OIL DRI CORP AMER 0.6%

Value ($000) $4,304 Shares 87,950 Est. Cost $31.12 Unrealized +78.0%

XOM EXXON MOBIL CORP 1.8%

Value ($000) $13,921 Shares 115,684 Est. Cost $38.28 Unrealized +201.7%

RY ROYAL BK CDA 0.9%

Value ($000) $6,776 Shares 39,742 Est. Cost $68.06 Unrealized +125.7%

BK BANK NEW YORK MELLON CORP 2.1%

Value ($000) $16,154 Shares 139,147 Est. Cost $39.95 Unrealized +176.6%

UTHR UNITED THERAPEUTICS CORP DEL 0.8%

Value ($000) $5,894 Shares 12,096 Est. Cost $166.63 Unrealized +179.5%

TFC TRUIST FINL CORP 1.4%

Value ($000) $10,250 Shares 208,295 Est. Cost $38.31 Unrealized +19.6%

STT STATE STR CORP 0.9%

Value ($000) $7,158 Shares 55,482 Est. Cost $54.12 Unrealized +119.8%

HAS HASBRO INC 1.1%

Value ($000) $8,190 Shares 99,879 Est. Cost $45.86 Unrealized +70.1%

TD TORONTO DOMINION BK ONT 0.6%

Value ($000) $4,380 Shares 46,500 Est. Cost $46.71 Unrealized +80.8%

SAP SAP SE 0.9%

Value ($000) $6,614 Shares 27,230 Est. Cost $89.63 Unrealized —

A AGILENT TECHNOLOGIES INC 1.4%

Value ($000) $10,218 Shares 75,091 Est. Cost $53.09 Unrealized +170.7%

BNS BANK NOVA SCOTIA HALIFAX 0.6%

Value ($000) $4,547 Shares 61,711 Est. Cost $35.62 Unrealized +90.8%

IBM INTERNATIONAL BUSINESS MACHS 1.7%

Value ($000) $13,082 Shares 44,165 Est. Cost $115.75 Unrealized +158.1%

TM TOYOTA MOTOR CORP 0.7%

Value ($000) $5,174 Shares 24,171 Est. Cost $146.44 Unrealized —

JAZZ JAZZ PHARMACEUTICALS PLC 0.3%

Value ($000) $2,471 Shares 14,538 Est. Cost $135.66 Unrealized +13.0%

ESLT ELBIT SYS LTD 0.6%

Value ($000) $4,558 Shares 7,889 Est. Cost $80.02 Unrealized +525.6%

TDY TELEDYNE TECHNOLOGIES INC 0.5%

Value ($000) $3,882 Shares 7,601 Est. Cost $238.67 Unrealized +120.8%

LOW LOWES COS INC 1.5%

Value ($000) $11,557 Shares 47,923 Est. Cost $51.18 Unrealized +368.6%

USLM UNITED STS LIME & MINERALS I 0.7%

Value ($000) $5,330 Shares 44,513 Est. Cost $68.38 Unrealized +81.3%

ITW ILLINOIS TOOL WKS INC 1.4%

Value ($000) $10,747 Shares 43,352 Est. Cost $82.95 Unrealized +198.4%

BSAC BANCO SANTANDER CHILE NEW 0.4%

Value ($000) $3,201 Shares 102,880 Est. Cost $20.62 Unrealized —

IDXX IDEXX LABS INC 1.3%

Value ($000) $9,550 Shares 14,116 Est. Cost $83.25 Unrealized +718.1%

NVS NOVARTIS AG 0.9%

Value ($000) $6,847 Shares 49,665 Est. Cost $84.59 Unrealized —

CRL CHARLES RIV LABS INTL INC 0.3%

Value ($000) $2,180 Shares 10,928 Est. Cost $122.70 Unrealized +47.8%

ECL ECOLAB INC 1.5%

Value ($000) $11,318 Shares 42,993 Est. Cost $98.30 Unrealized +170.3%

ENS ENERSYS 0.2%

Value ($000) $1,718 Shares 11,710 Est. Cost $97.97 Unrealized +36.1%

JPM JPMORGAN CHASE & CO. 2.5%

Value ($000) $19,067 Shares 59,174 Est. Cost $64.37 Unrealized +380.8%

IDCC INTERDIGITAL INC 0.6%

Value ($000) $4,690 Shares 14,732 Est. Cost $90.68 Unrealized +289.9%

GSK GSK PLC 0.4%

Value ($000) $3,054 Shares 61,744 Est. Cost $34.56 Unrealized —

QCOM QUALCOMM INC 1.6%

Value ($000) $11,749 Shares 68,689 Est. Cost $59.13 Unrealized +188.9%

MMM 3M CO 1.2%

Value ($000) $8,729 Shares 54,520 Est. Cost $78.57 Unrealized +107.7%

RJF RAYMOND JAMES FINL INC 0.6%

Value ($000) $4,556 Shares 28,372 Est. Cost $59.56 Unrealized +170.2%

PAHC PHIBRO ANIMAL HEALTH CORP 0.5%

Value ($000) $3,704 Shares 99,152 Est. Cost $17.69 Unrealized +129.7%

SYNA SYNAPTICS INC 0.5%

Value ($000) $3,478 Shares 46,981 Est. Cost $72.15 Unrealized -2.7%

BDX BECTON DICKINSON & CO 0.8%

Value ($000) $6,335 Shares 32,642 Est. Cost $151.46 Unrealized +25.2%

CACI CACI INTL INC 0.6%

Value ($000) $4,218 Shares 7,917 Est. Cost $185.86 Unrealized +204.0%

OZK BANK OZK LITTLE ROCK ARK 0.3%

Value ($000) $2,254 Shares 48,979 Est. Cost $32.47 Unrealized +42.5%

WBS WEBSTER FINL CORP 0.5%

Value ($000) $3,458 Shares 54,936 Est. Cost $40.81 Unrealized +45.5%

MKC MCCORMICK & CO INC 0.9%

Value ($000) $7,062 Shares 102,971 Est. Cost $61.15 Unrealized +7.8%

KE KIMBALL ELECTRONICS INC 0.4%

Value ($000) $2,965 Shares 106,570 Est. Cost $19.62 Unrealized +47.1%

DE DEERE & CO 1.7%

Value ($000) $13,069 Shares 27,974 Est. Cost $102.29 Unrealized +357.2%

CHKP CHECK POINT SOFTWARE TECH LT 0.2%

Value ($000) $1,602 Shares 8,632 Est. Cost $129.98 Unrealized +48.8%

EMR EMERSON ELEC CO 1.6%

Value ($000) $11,835 Shares 89,171 Est. Cost $48.55 Unrealized +172.7%

PSX PHILLIPS 66 0.5%

Value ($000) $3,674 Shares 28,473 Est. Cost $62.82 Unrealized +113.3%

PEP PEPSICO INC 0.6%

Value ($000) $4,817 Shares 33,253 Est. Cost $71.23 Unrealized +104.8%

CRUS CIRRUS LOGIC INC 0.4%

Value ($000) $2,819 Shares 23,790 Est. Cost $63.81 Unrealized +92.9%

MDT MEDTRONIC PLC 1.1%

Value ($000) $8,020 Shares 82,885 Est. Cost $88.77 Unrealized +9.4%

PLPC PREFORMED LINE PRODS CO 0.3%

Value ($000) $2,502 Shares 12,104 Est. Cost $96.27 Unrealized +121.3%

SHEL SHELL PLC 0.6%

Value ($000) $4,223 Shares 57,474 Est. Cost $55.76 Unrealized —

UNB UNION BANKSHARES INC 0.3%

Value ($000) $2,272 Shares 95,733 Est. Cost $27.93 Unrealized -15.7%

NXPI NXP SEMICONDUCTORS N V 0.2%

Value ($000) $1,842 Shares 8,446 Est. Cost $104.56 Unrealized +104.4%

CW CURTISS WRIGHT CORP 0.8%

Value ($000) $5,793 Shares 10,509 Est. Cost $112.21 Unrealized +397.0%

SR SPIRE INC 0.5%

Value ($000) $3,590 Shares 42,985 Est. Cost $68.63 Unrealized —

GGG GRACO INC 0.3%

Value ($000) $2,421 Shares 29,539 Est. Cost $47.30 Unrealized +73.3%

BMI BADGER METER INC 0.5%

Value ($000) $3,517 Shares 20,165 Est. Cost $51.11 Unrealized +251.8%

HLN HALEON PLC 0.1%

Value ($000) $489 Shares 48,323 Est. Cost $6.59 Unrealized —

HBAN HUNTINGTON BANCSHARES INC 0.4%

Value ($000) $3,324 Shares 189,895 Est. Cost $12.46 Unrealized +30.8%

TROW PRICE T ROWE GROUP INC 1.0%

Value ($000) $7,276 Shares 71,072 Est. Cost $70.18 Unrealized +45.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.0%

Value ($000) $312 Shares 1,023 Est. Cost $280.11 Unrealized —

CTVA CORTEVA INC 0.2%

Value ($000) $1,817 Shares 27,102 Est. Cost $28.52 Unrealized +126.3%

CFR CULLEN FROST BANKERS INC 0.3%

Value ($000) $2,296 Shares 18,134 Est. Cost $83.90 Unrealized +48.8%

SPY SPDR S&P 500 ETF TR 0.0%

Value ($000) $371 Shares 542 Est. Cost $425.29 Unrealized —

SNA SNAP ON INC 0.5%

Value ($000) $3,878 Shares 11,254 Est. Cost $148.30 Unrealized +129.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	JOHNSON & JOHNSON	117,110	$24,236	3.2%	$87.26	+125.8%	COMMON STOCK	478160104
CMI	CUMMINS INC	21,455	$10,952	1.5%	$140.98	+230.8%	COMMON STOCK	231021106
REGN	REGENERON PHARMACEUTICALS	8,406	$6,488	0.9%	$386.50	+75.6%	COMMON STOCK	75886F107
ADP	AUTOMATIC DATA PROCESSING IN	43,262	$11,201	1.5%	$65.90	+301.9%	COMMON STOCK	053015103
COST	COSTCO WHSL CORP NEW	20,828	$17,961	2.4%	$118.65	+663.4%	COMMON STOCK	22160K105
AAPL	APPLE INC	87,178	$23,700	3.1%	$94.39	+184.3%	COMMON STOCK	037833100
CSCO	CISCO SYS INC	157,011	$12,095	1.6%	$23.52	+213.7%	COMMON STOCK	17275R102
WMT	WALMART INC	156,224	$17,405	2.3%	$45.62	+135.0%	COMMON STOCK	931142103
NFG	NATIONAL FUEL GAS CO	100,376	$8,089	1.1%	$56.41	+46.1%	COMMON STOCK	636180101
KEYS	KEYSIGHT TECHNOLOGIES INC	40,066	$8,141	1.1%	$42.88	+332.8%	COMMON STOCK	49338L103
AGX	ARGAN INC	26,942	$8,441	1.1%	$39.37	+704.9%	COMMON STOCK	04010E109
ODC	OIL DRI CORP AMER	87,950	$4,304	0.6%	$31.12	+78.0%	COMMON STOCK	677864100
XOM	EXXON MOBIL CORP	115,684	$13,921	1.8%	$38.28	+201.7%	COMMON STOCK	30231G102
RY	ROYAL BK CDA	39,742	$6,776	0.9%	$68.06	+125.7%	COMMON STOCK	780087102
BK	BANK NEW YORK MELLON CORP	139,147	$16,154	2.1%	$39.95	+176.6%	COMMON STOCK	064058100
UTHR	UNITED THERAPEUTICS CORP DEL	12,096	$5,894	0.8%	$166.63	+179.5%	COMMON STOCK	91307C102
TFC	TRUIST FINL CORP	208,295	$10,250	1.4%	$38.31	+19.6%	COMMON STOCK	89832Q109
STT	STATE STR CORP	55,482	$7,158	0.9%	$54.12	+119.8%	COMMON STOCK	857477103
HAS	HASBRO INC	99,879	$8,190	1.1%	$45.86	+70.1%	COMMON STOCK	418056107
TD	TORONTO DOMINION BK ONT	46,500	$4,380	0.6%	$46.71	+80.8%	COMMON STOCK	891160509
SAP	SAP SE	27,230	$6,614	0.9%	$89.63	—	ADR	803054204
A	AGILENT TECHNOLOGIES INC	75,091	$10,218	1.4%	$53.09	+170.7%	COMMON STOCK	00846U101
BNS	BANK NOVA SCOTIA HALIFAX	61,711	$4,547	0.6%	$35.62	+90.8%	COMMON STOCK	064149107
IBM	INTERNATIONAL BUSINESS MACHS	44,165	$13,082	1.7%	$115.75	+158.1%	COMMON STOCK	459200101
TM	TOYOTA MOTOR CORP	24,171	$5,174	0.7%	$146.44	—	ADR	892331307
JAZZ	JAZZ PHARMACEUTICALS PLC	14,538	$2,471	0.3%	$135.66	+13.0%	COMMON STOCK	G50871105
ESLT	ELBIT SYS LTD	7,889	$4,558	0.6%	$80.02	+525.6%	COMMON STOCK	M3760D101
TDY	TELEDYNE TECHNOLOGIES INC	7,601	$3,882	0.5%	$238.67	+120.8%	COMMON STOCK	879360105
LOW	LOWES COS INC	47,923	$11,557	1.5%	$51.18	+368.6%	COMMON STOCK	548661107
USLM	UNITED STS LIME & MINERALS I	44,513	$5,330	0.7%	$68.38	+81.3%	COMMON STOCK	911922102
ITW	ILLINOIS TOOL WKS INC	43,352	$10,747	1.4%	$82.95	+198.4%	COMMON STOCK	452308109
BSAC	BANCO SANTANDER CHILE NEW	102,880	$3,201	0.4%	$20.62	—	ADR	05965X109
IDXX	IDEXX LABS INC	14,116	$9,550	1.3%	$83.25	+718.1%	COMMON STOCK	45168D104
NVS	NOVARTIS AG	49,665	$6,847	0.9%	$84.59	—	ADR	66987V109
CRL	CHARLES RIV LABS INTL INC	10,928	$2,180	0.3%	$122.70	+47.8%	COMMON STOCK	159864107
ECL	ECOLAB INC	42,993	$11,318	1.5%	$98.30	+170.3%	COMMON STOCK	278865100
ENS	ENERSYS	11,710	$1,718	0.2%	$97.97	+36.1%	COMMON STOCK	29275Y102
JPM	JPMORGAN CHASE & CO.	59,174	$19,067	2.5%	$64.37	+380.8%	COMMON STOCK	46625H100
IDCC	INTERDIGITAL INC	14,732	$4,690	0.6%	$90.68	+289.9%	COMMON STOCK	45867G101
GSK	GSK PLC	61,744	$3,054	0.4%	$34.56	—	ADR	37733W204
QCOM	QUALCOMM INC	68,689	$11,749	1.6%	$59.13	+188.9%	COMMON STOCK	747525103
MMM	3M CO	54,520	$8,729	1.2%	$78.57	+107.7%	COMMON STOCK	88579Y101
RJF	RAYMOND JAMES FINL INC	28,372	$4,556	0.6%	$59.56	+170.2%	COMMON STOCK	754730109
PAHC	PHIBRO ANIMAL HEALTH CORP	99,152	$3,704	0.5%	$17.69	+129.7%	COMMON STOCK	71742Q106
SYNA	SYNAPTICS INC	46,981	$3,478	0.5%	$72.15	-2.7%	COMMON STOCK	87157D109
BDX	BECTON DICKINSON & CO	32,642	$6,335	0.8%	$151.46	+25.2%	COMMON STOCK	075887109
CACI	CACI INTL INC	7,917	$4,218	0.6%	$185.86	+204.0%	COMMON STOCK	127190304
OZK	BANK OZK LITTLE ROCK ARK	48,979	$2,254	0.3%	$32.47	+42.5%	COMMON STOCK	06417N103
WBS	WEBSTER FINL CORP	54,936	$3,458	0.5%	$40.81	+45.5%	COMMON STOCK	947890109
MKC	MCCORMICK & CO INC	102,971	$7,062	0.9%	$61.15	+7.8%	COMMON STOCK	579780206
KE	KIMBALL ELECTRONICS INC	106,570	$2,965	0.4%	$19.62	+47.1%	COMMON STOCK	49428J109
DE	DEERE & CO	27,974	$13,069	1.7%	$102.29	+357.2%	COMMON STOCK	244199105
CHKP	CHECK POINT SOFTWARE TECH LT	8,632	$1,602	0.2%	$129.98	+48.8%	COMMON STOCK	M22465104
EMR	EMERSON ELEC CO	89,171	$11,835	1.6%	$48.55	+172.7%	COMMON STOCK	291011104
PSX	PHILLIPS 66	28,473	$3,674	0.5%	$62.82	+113.3%	COMMON STOCK	718546104
PEP	PEPSICO INC	33,253	$4,817	0.6%	$71.23	+104.8%	COMMON STOCK	713448108
CRUS	CIRRUS LOGIC INC	23,790	$2,819	0.4%	$63.81	+92.9%	COMMON STOCK	172755100
MDT	MEDTRONIC PLC	82,885	$8,020	1.1%	$88.77	+9.4%	COMMON STOCK	G5960L103
PLPC	PREFORMED LINE PRODS CO	12,104	$2,502	0.3%	$96.27	+121.3%	COMMON STOCK	740444104
SHEL	SHELL PLC	57,474	$4,223	0.6%	$55.76	—	ADR	780259305
UNB	UNION BANKSHARES INC	95,733	$2,272	0.3%	$27.93	-15.7%	COMMON STOCK	905400107
NXPI	NXP SEMICONDUCTORS N V	8,446	$1,842	0.2%	$104.56	+104.4%	COMMON STOCK	N6596X109
CW	CURTISS WRIGHT CORP	10,509	$5,793	0.8%	$112.21	+397.0%	COMMON STOCK	231561101
SR	SPIRE INC	42,985	$3,590	0.5%	$68.63	—	COMMON STOCK	84857L101
GGG	GRACO INC	29,539	$2,421	0.3%	$47.30	+73.3%	COMMON STOCK	384109104
BMI	BADGER METER INC	20,165	$3,517	0.5%	$51.11	+251.8%	COMMON STOCK	056525108
HLN	HALEON PLC	48,323	$489	0.1%	$6.59	—	ADR	405552100
HBAN	HUNTINGTON BANCSHARES INC	189,895	$3,324	0.4%	$12.46	+30.8%	COMMON STOCK	446150104
TROW	PRICE T ROWE GROUP INC	71,072	$7,276	1.0%	$70.18	+45.6%	COMMON STOCK	74144T108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,023	$312	0.0%	$280.11	—	ADR	874039100
CTVA	CORTEVA INC	27,102	$1,817	0.2%	$28.52	+126.3%	COMMON STOCK	22052L104
CFR	CULLEN FROST BANKERS INC	18,134	$2,296	0.3%	$83.90	+48.8%	COMMON STOCK	229899109
SPY	SPDR S&P 500 ETF TR	542	$371	0.0%	$425.29	—	ETF	78462F103
SNA	SNAP ON INC	11,254	$3,878	0.5%	$148.30	+129.6%	COMMON STOCK	833034101