Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MUSA	MURPHY USA INC	48,405	$26.08M	0.8%	$538.87	—	COM	626755102
CW	CURTISS WRIGHT CORP	28,216	$21.38M	0.7%	$757.76	—	COM	231561101
GWW	WW GRAINGER INC	15,503	$21.09M	0.7%	$1360.40	—	COM	384802104
ORI	OLD REP INTL CORP	245,076	$10.03M	0.3%	$40.92	—	COM	680223104
CAH	CARDINAL HEALTH INC	33,734	$8.014M	0.3%	$237.56	—	COM	14149Y108
AMKR	AMKOR TECHNOLOGY INC	83,963	$7.24M	0.2%	$86.23	—	COM	031652100
HPE	HEWLETT PACKARD ENTERPRISE C	149,453	$6.742M	0.2%	$45.11	—	COM	42824C109
R	RYDER SYS INC	23,018	$6.071M	0.2%	$263.77	—	COM	783549108
TTMI	TTM TECHNOLOGIES INC	28,931	$5.411M	0.2%	$187.02	—	COM	87305R109
NTRS	NORTHERN TR CORP	30,548	$5.31M	0.2%	$173.84	—	COM	665859104
LRCX	LAM RESEARCH CORP	11,653	$5.05M	0.2%	$433.34	—	COM NEW	512807306
ALL	ALLSTATE CORP	20,100	$4.783M	0.2%	$237.94	—	COM	020002101
MPC	MARATHON PETE CORP	18,429	$4.712M	0.2%	$255.66	—	COM	56585A102
CNC	CENTENE CORP DEL	72,668	$4.665M	0.1%	$64.19	—	COM	15135B101
STLD	STEEL DYNAMICS INC	17,000	$3.901M	0.1%	$229.46	—	COM	858119100
NYT	NEW YORK TIMES CO MTN BE	55,000	$3.849M	0.1%	$69.98	—	CL A	650111107
AMAT	APPLIED MATLS INC	4,927	$3.563M	0.1%	$723.06	—	COM	038222105
DLTR	DOLLAR TREE INC	29,319	$3.546M	0.1%	$120.95	—	COM	256746108
STRL	STERLING INFRASTRUCTURE INC	3,612	$3.032M	0.1%	$839.36	—	COM	859241101
VRSK	VERISK ANALYTICS INC	16,756	$3.008M	0.1%	$179.53	—	COM	92345Y106
NUE	NUCOR CORP	13,300	$2.963M	0.1%	$222.75	—	COM	670346105
NTAP	NETAPP INC	18,939	$2.931M	0.1%	$154.76	—	COM	64110D104
AKAM	AKAMAI TECHNOLOGIES INC	24,023	$2.84M	0.1%	$118.21	—	COM	00971T101
GM	GENERAL MTRS CO	34,213	$2.637M	0.1%	$77.08	—	COM	37045V100
CHTR	CHARTER COMMUNICATIONS INC	18,309	$2.604M	0.1%	$142.21	—	CL A	16119P108
COHR	COHERENT CORP	6,600	$2.604M	0.1%	$394.47	—	COM	19247G107
ON	ON SEMICONDUCTOR CORP	26,300	$2.486M	0.1%	$94.54	—	COM	682189105
DECK	DECKERS OUTDOOR CORP	24,358	$2.419M	0.1%	$99.29	—	COM	243537107
LITE	LUMENTUM HLDGS INC	2,700	$2.317M	0.1%	$858.06	—	COM	55024U109
ULTA	ULTA BEAUTY INC	4,922	$2.22M	0.1%	$450.98	—	COM	90384S303

Increased Positions (25)

WWD WOODWARD INC 3.8%

Value $120M (+31.9%) Shares 283,011 (+11.0%) Est. Cost $229.85 Unrealized —

RBC RBC BEARINGS INC 2.8%

Value $87.79M (+43.5%) Shares 136,300 (+21.0%) Est. Cost $329.52 Unrealized —

ITT ITT INC 1.6%

Value $49.24M (+90.0%) Shares 249,000 (+83.1%) Est. Cost $193.78 Unrealized —

WTS WATTS WATER TECHNOLOGIES INC 1.7%

Value $54.32M (+45.2%) Shares 138,766 (+7.7%) Est. Cost $192.75 Unrealized —

SNX TD SYNNEX CORPORATION 0.5%

Value $14.41M (+299.2%) Shares 53,914 (+151.9%) Est. Cost $174.22 Unrealized —

AIT APPLIED INDL TECHNOLOGIES IN 1.5%

Value $45.56M (+29.4%) Shares 134,740 (+1.5%) Est. Cost $211.61 Unrealized —

FSS FEDERAL SIGNAL CORP 1.2%

Value $37.56M (+32.7%) Shares 292,336 (+11.6%) Est. Cost $79.34 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 2.7%

Value $83.96M (+12.0%) Shares 125,900 (+1.6%) Est. Cost $444.36 Unrealized —

PRI PRIMERICA INC 0.9%

Value $26.99M (+39.5%) Shares 94,956 (+22.9%) Est. Cost $208.75 Unrealized —

HOOD ROBINHOOD MKTS INC 0.7%

Value $22.06M (+49.5%) Shares 220,000 (+3.3%) Est. Cost $24.92 Unrealized —

NFLX NETFLIX INC. 0.6%

Value $19.85M (-24.4%) Shares 278,000 (+1.8%) Est. Cost $100.25 Unrealized —

NPO ENPRO INC 0.4%

Value $13.12M (+65.6%) Shares 34,800 (+10.1%) Est. Cost $187.83 Unrealized —

TSLA TESLA INC 0.7%

Value $22.92M (+22.1%) Shares 54,500 (+7.9%) Est. Cost $312.55 Unrealized —

RUSHA RUSH ENTERPRISES INC 0.9%

Value $27.79M (+12.8%) Shares 380,719 (+2.1%) Est. Cost $53.37 Unrealized —

MSFT MICROSOFT CORP 0.7%

Value $23.31M (+11.4%) Shares 62,500 (+10.6%) Est. Cost $233.40 Unrealized —

MDGL MADRIGAL PHARMACEUTICALS INC 0.9%

Value $27.92M (+8.9%) Shares 52,000 (+6.1%) Est. Cost $316.78 Unrealized —

COIN COINBASE GLOBAL INC 0.6%

Value $18.27M (-10.6%) Shares 125,000 (+6.8%) Est. Cost $241.04 Unrealized —

POST POST HLDGS INC 0.7%

Value $20.39M (-8.3%) Shares 231,025 (+2.7%) Est. Cost $106.00 Unrealized —

SHOP SHOPIFY INC 0.3%

Value $9.705M (+20.3%) Shares 85,000 (+25.0%) Est. Cost $62.68 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value $6.419M (+32.9%) Shares 55,017 (+66.6%) Est. Cost $139.17 Unrealized —

GATX GATX CORP 0.8%

Value $24.59M (+5.0%) Shares 138,751 (+1.2%) Est. Cost $153.11 Unrealized —

ENSG ENSIGN GROUP INC 1.2%

Value $39M (+3.1%) Shares 243,300 (+29.6%) Est. Cost $117.75 Unrealized —

INSM INSMED INC 0.5%

Value $15.99M (+6.3%) Shares 150,000 (+63.0%) Est. Cost $119.04 Unrealized —

AZO AUTOZONE INC 1.8%

Value $55.29M (+1.0%) Shares 17,300 (+6.8%) Est. Cost $3686.11 Unrealized —

BKNG BOOKING HOLDINGS INC 0.1%

Value $3.121M (+5.7%) Shares 17,511 (+2398.0%) Est. Cost $267.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WWD	WOODWARD INC	283,011 (+11.0%)	$120M (+31.9%)	3.8%	$229.85	—	COM	980745103
RBC	RBC BEARINGS INC	136,300 (+21.0%)	$87.79M (+43.5%)	2.8%	$329.52	—	COM	75524B104
ITT	ITT INC	249,000 (+83.1%)	$49.24M (+90.0%)	1.6%	$193.78	—	COM	45073V108
WTS	WATTS WATER TECHNOLOGIES INC	138,766 (+7.7%)	$54.32M (+45.2%)	1.7%	$192.75	—	CL A	942749102
SNX	TD SYNNEX CORPORATION	53,914 (+151.9%)	$14.41M (+299.2%)	0.5%	$174.22	—	COM	87162W100
AIT	APPLIED INDL TECHNOLOGIES IN	134,740 (+1.5%)	$45.56M (+29.4%)	1.5%	$211.61	—	COM	03820C105
FSS	FEDERAL SIGNAL CORP	292,336 (+11.6%)	$37.56M (+32.7%)	1.2%	$79.34	—	COM	313855108
TDY	TELEDYNE TECHNOLOGIES INC	125,900 (+1.6%)	$83.96M (+12.0%)	2.7%	$444.36	—	COM	879360105
PRI	PRIMERICA INC	94,956 (+22.9%)	$26.99M (+39.5%)	0.9%	$208.75	—	COM	74164M108
HOOD	ROBINHOOD MKTS INC	220,000 (+3.3%)	$22.06M (+49.5%)	0.7%	$24.92	—	COM CL A	770700102
NFLX	NETFLIX INC.	278,000 (+1.8%)	$19.85M (-24.4%)	0.6%	$100.25	—	COM	64110L106
NPO	ENPRO INC	34,800 (+10.1%)	$13.12M (+65.6%)	0.4%	$187.83	—	COM	29355X107
TSLA	TESLA INC	54,500 (+7.9%)	$22.92M (+22.1%)	0.7%	$312.55	—	COM	88160R101
RUSHA	RUSH ENTERPRISES INC	380,719 (+2.1%)	$27.79M (+12.8%)	0.9%	$53.37	—	CL A	781846209
MSFT	MICROSOFT CORP	62,500 (+10.6%)	$23.31M (+11.4%)	0.7%	$233.40	—	COM	594918104
MDGL	MADRIGAL PHARMACEUTICALS INC	52,000 (+6.1%)	$27.92M (+8.9%)	0.9%	$316.78	—	COM	558868105
COIN	COINBASE GLOBAL INC	125,000 (+6.8%)	$18.27M (-10.6%)	0.6%	$241.04	—	COM CL A	19260Q107
POST	POST HLDGS INC	231,025 (+2.7%)	$20.39M (-8.3%)	0.7%	$106.00	—	COM	737446104
SHOP	SHOPIFY INC	85,000 (+25.0%)	$9.705M (+20.3%)	0.3%	$62.68	—	CL A SUB VTG SHS	82509L107
PLTR	PALANTIR TECHNOLOGIES INC	55,017 (+66.6%)	$6.419M (+32.9%)	0.2%	$139.17	—	CL A	69608A108
GATX	GATX CORP	138,751 (+1.2%)	$24.59M (+5.0%)	0.8%	$153.11	—	COM	361448103
ENSG	ENSIGN GROUP INC	243,300 (+29.6%)	$39M (+3.1%)	1.2%	$117.75	—	COM	29358P101
INSM	INSMED INC	150,000 (+63.0%)	$15.99M (+6.3%)	0.5%	$119.04	—	COM PAR $.01	457669307
AZO	AUTOZONE INC	17,300 (+6.8%)	$55.29M (+1.0%)	1.8%	$3686.11	—	COM	053332102
BKNG	BOOKING HOLDINGS INC	17,511 (+2398.0%)	$3.121M (+5.7%)	0.1%	$267.12	—	COM	09857L108

Exited Positions (11)

IQV IQVIA HLDGS INC 0.4%

Value $12.8M Shares 75,034 Est. Cost $217.93 Unrealized —

INTU INTUIT 0.4%

Value $11.85M Shares 27,410 Est. Cost $241.22 Unrealized —

ROKU ROKU INC 0.3%

Value $8.043M Shares 85,000 Est. Cost $110.77 Unrealized —

AJG GALLAGHER ARTHUR J & CO 0.2%

Value $5.501M Shares 25,400 Est. Cost $246.55 Unrealized —

PGR PROGRESSIVE CORP 0.2%

Value $5.025M Shares 25,347 Est. Cost $231.96 Unrealized —

AYI ACUITY INC 0.1%

Value $3.643M Shares 13,000 Est. Cost $241.03 Unrealized —

WING WINGSTOP INC 0.1%

Value $2.449M Shares 15,800 Est. Cost $91.49 Unrealized —

AWR AMER STATES WTR CO 0.1%

Value $2.306M Shares 30,500 Est. Cost $81.32 Unrealized —

CHDN CHURCHILL DOWNS INC 0.0%

Value $1.462M Shares 16,272 Est. Cost $99.33 Unrealized —

SNPS SYNOPSYS INC 0.0%

Value $1.308M Shares 3,300 Est. Cost $149.54 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value $1.18M Shares 2,400 Est. Cost $224.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IQV	IQVIA HLDGS INC	75,034	$12.8M	0.4%	$217.93	—	—	46266C105
INTU	INTUIT	27,410	$11.85M	0.4%	$241.22	—	—	461202103
ROKU	ROKU INC	85,000	$8.043M	0.3%	$110.77	—	—	77543R102
AJG	GALLAGHER ARTHUR J & CO	25,400	$5.501M	0.2%	$246.55	—	—	363576109
PGR	PROGRESSIVE CORP	25,347	$5.025M	0.2%	$231.96	—	—	743315103
AYI	ACUITY INC	13,000	$3.643M	0.1%	$241.03	—	—	00508Y102
WING	WINGSTOP INC	15,800	$2.449M	0.1%	$91.49	—	—	974155103
AWR	AMER STATES WTR CO	30,500	$2.306M	0.1%	$81.32	—	—	029899101
CHDN	CHURCHILL DOWNS INC	16,272	$1.462M	0.0%	$99.33	—	—	171484108
SNPS	SYNOPSYS INC	3,300	$1.308M	0.0%	$149.54	—	—	871607107
TMO	THERMO FISHER SCIENTIFIC INC	2,400	$1.18M	0.0%	$224.75	—	—	883556102

Decreased Positions (54)

MSCI MSCI INC 1.0%

Value $31.16M (-63.6%) Shares 55,634 (-65.0%) Est. Cost $524.04 Unrealized —

AMD ADVANCED MICRO DEVICES INC 2.5%

Value $77.56M (+119.1%) Shares 133,515 (-23.3%) Est. Cost $116.81 Unrealized —

MU MICRON TECHNOLOGY INC 2.0%

Value $61.76M (+190.1%) Shares 53,506 (-15.1%) Est. Cost $144.22 Unrealized —

WCN WASTE CONNECTIONS INC 1.8%

Value $57.08M (-40.5%) Shares 342,462 (-42.0%) Est. Cost $145.22 Unrealized —

AFG AMERICAN FINANCIAL GROUP INC 0.4%

Value $11.31M (-75.7%) Shares 80,792 (-77.8%) Est. Cost $83.76 Unrealized —

ROP ROPER TECHNOLOGIES INC 0.4%

Value $13.76M (-71.3%) Shares 40,669 (-70.0%) Est. Cost $421.64 Unrealized —

TYL TYLER TECHNOLOGIES INC 1.5%

Value $46.82M (-33.6%) Shares 160,082 (-22.3%) Est. Cost $344.01 Unrealized —

CASY CASEYS GEN STORES INC 2.3%

Value $73M (-23.5%) Shares 91,849 (-29.9%) Est. Cost $370.66 Unrealized —

GIB CGI INC 0.2%

Value $6.903M (-75.0%) Shares 106,900 (-71.7%) Est. Cost $78.91 Unrealized —

IDXX IDEXX LABS INC 0.2%

Value $7.696M (-72.2%) Shares 14,618 (-70.3%) Est. Cost $285.58 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.2%

Value $6.518M (-74.9%) Shares 52,944 (-67.9%) Est. Cost $93.19 Unrealized —

MPWR MONOLITHIC PWR SYS INC 1.4%

Value $45.17M (-29.6%) Shares 32,677 (-44.3%) Est. Cost $566.48 Unrealized —

WRB BERKLEY W R CORP 2.0%

Value $63.93M (-21.6%) Shares 906,464 (-26.3%) Est. Cost $40.28 Unrealized —

SYK STRYKER CORPORATION 0.4%

Value $13.03M (-54.9%) Shares 41,371 (-52.9%) Est. Cost $276.32 Unrealized —

SPGI S&P GLOBAL INC 0.3%

Value $9.852M (-59.5%) Shares 24,192 (-57.7%) Est. Cost $323.76 Unrealized —

EXPO EXPONENT INC 0.0%

Value $1.111M (-92.4%) Shares 18,900 (-91.5%) Est. Cost $62.76 Unrealized —

MRSH MARSH & MCLENNAN COS INC 0.0%

Value $1.219M (-91.4%) Shares 7,311 (-91.1%) Est. Cost $152.13 Unrealized —

PH PARKER-HANNIFIN CORP 0.3%

Value $8.803M (-59.0%) Shares 9,000 (-62.5%) Est. Cost $876.12 Unrealized —

MAR MARRIOTT INTL INC NEW 0.3%

Value $10.38M (-54.7%) Shares 28,000 (-60.0%) Est. Cost $330.79 Unrealized —

FICO FAIR ISAAC CORP 0.4%

Value $13.03M (-48.9%) Shares 10,902 (-54.4%) Est. Cost $248.73 Unrealized —

CRS CARPENTER TECHNOLOGY CORP 0.2%

Value $6.17M (-66.7%) Shares 10,002 (-78.7%) Est. Cost $111.06 Unrealized —

RLI RLI CORP 0.4%

Value $13.17M (-44.2%) Shares 223,000 (-46.1%) Est. Cost $48.54 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.7%

Value $22.74M (+80.9%) Shares 29,800 (-7.5%) Est. Cost $106.12 Unrealized —

LII LENNOX INTL INC 2.3%

Value $71.79M (+14.3%) Shares 125,300 (-7.4%) Est. Cost $266.04 Unrealized —

MSI MOTOROLA SOLUTIONS INC 1.7%

Value $53.32M (-12.3%) Shares 128,400 (-8.4%) Est. Cost $252.41 Unrealized —

GOOGL ALPHABET INC 1.4%

Value $43.96M (+17.6%) Shares 123,000 (-5.4%) Est. Cost $113.46 Unrealized —

TDG TRANSDIGM GROUP INC 0.7%

Value $22.45M (-20.1%) Shares 16,857 (-30.5%) Est. Cost $344.05 Unrealized —

EXEL EXELIXIS INC 0.8%

Value $25.9M (+22.7%) Shares 476,043 (-3.3%) Est. Cost $24.72 Unrealized —

AVGO BROADCOM INC 1.1%

Value $34.02M (+15.6%) Shares 90,066 (-5.3%) Est. Cost $201.51 Unrealized —

NVDA NVIDIA CORPORATION 1.6%

Value $49.26M (+10.3%) Shares 246,174 (-3.9%) Est. Cost $94.65 Unrealized —

CRM SALESFORCE INC 0.4%

Value $11.13M (-25.5%) Shares 71,018 (-11.2%) Est. Cost $201.24 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.8%

Value $24.79M (-13.3%) Shares 26,500 (-7.7%) Est. Cost $144.54 Unrealized —

RSG REPUBLIC SVCS INC 1.7%

Value $52.99M (-6.4%) Shares 248,705 (-3.8%) Est. Cost $109.76 Unrealized —

FIX COMFORT SYS USA INC 1.7%

Value $54.71M (+6.9%) Shares 27,604 (-25.6%) Est. Cost $234.37 Unrealized —

CRWV COREWEAVE INC 0.5%

Value $16.52M (+27.0%) Shares 166,000 (-1.2%) Est. Cost $113.73 Unrealized —

EME EMCOR GROUP INC 0.2%

Value $5.48M (-36.0%) Shares 6,603 (-43.1%) Est. Cost $157.42 Unrealized —

AMZN AMAZON COM INC 1.0%

Value $32.42M (+9.6%) Shares 136,015 (-4.2%) Est. Cost $133.82 Unrealized —

AGO ASSURED GUARANTY LTD 0.1%

Value $2.565M (-47.5%) Shares 32,000 (-46.7%) Est. Cost $80.77 Unrealized —

LLY ELI LILLY & CO 0.3%

Value $10.81M (+23.5%) Shares 9,010 (-5.3%) Est. Cost $773.40 Unrealized —

BMI BADGER METER INC 0.4%

Value $12.49M (-10.1%) Shares 84,200 (-7.7%) Est. Cost $155.13 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 0.2%

Value $7.091M (-14.6%) Shares 77,000 (-14.4%) Est. Cost $97.70 Unrealized —

HEI HEICO CORP NEW 2.9%

Value $89.65M (+1.3%) Shares 251,697 (-22.0%) Est. Cost $173.59 Unrealized —

META META PLATFORMS INC 1.2%

Value $36.34M (-3.0%) Shares 64,505 (-1.5%) Est. Cost $228.26 Unrealized —

DAL DELTA AIR LINES INC 0.1%

Value $4.405M (+32.4%) Shares 47,031 (-6.0%) Est. Cost $45.86 Unrealized —

V VISA INC 0.5%

Value $15.11M (+6.3%) Shares 44,027 (-6.4%) Est. Cost $186.89 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.2%

Value $4.714M (+23.0%) Shares 54,160 (-5.2%) Est. Cost $37.30 Unrealized —

AAPL APPLE INC 0.3%

Value $8.717M (+10.4%) Shares 30,125 (-3.1%) Est. Cost $127.05 Unrealized —

MTSI MACOM TECH SOLUTIONS HLDGS I 0.3%

Value $9.907M (-7.1%) Shares 26,046 (-45.8%) Est. Cost $125.23 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.2%

Value $5.371M (+15.2%) Shares 5,310 (-3.6%) Est. Cost $383.96 Unrealized —

BAC BANK OF AMER CORP 0.2%

Value $4.957M (+13.0%) Shares 87,000 (-3.3%) Est. Cost $31.51 Unrealized —

PLUS EPLUS INC 0.3%

Value $9.288M (-5.0%) Shares 111,600 (-14.1%) Est. Cost $42.18 Unrealized —

VRTX VERTEX PHARMACEUTICALS INC 0.3%

Value $9.686M (+3.3%) Shares 19,500 (-7.1%) Est. Cost $229.41 Unrealized —

MSA MSA SAFETY INC 0.4%

Value $12.85M (+1.0%) Shares 73,600 (-5.2%) Est. Cost $173.03 Unrealized —

RIVN RIVIAN AUTOMOTIVE INC 0.2%

Value $7.808M (-0.2%) Shares 450,000 (-13.5%) Est. Cost $18.87 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSCI	MSCI INC	55,634 (-65.0%)	$31.16M (-63.6%)	1.0%	$524.04	—	COM	55354G100
AMD	ADVANCED MICRO DEVICES INC	133,515 (-23.3%)	$77.56M (+119.1%)	2.5%	$116.81	—	COM	007903107
MU	MICRON TECHNOLOGY INC	53,506 (-15.1%)	$61.76M (+190.1%)	2.0%	$144.22	—	COM	595112103
WCN	WASTE CONNECTIONS INC	342,462 (-42.0%)	$57.08M (-40.5%)	1.8%	$145.22	—	COM	94106B101
AFG	AMERICAN FINANCIAL GROUP INC	80,792 (-77.8%)	$11.31M (-75.7%)	0.4%	$83.76	—	COM	025932104
ROP	ROPER TECHNOLOGIES INC	40,669 (-70.0%)	$13.76M (-71.3%)	0.4%	$421.64	—	COM	776696106
TYL	TYLER TECHNOLOGIES INC	160,082 (-22.3%)	$46.82M (-33.6%)	1.5%	$344.01	—	COM	902252105
CASY	CASEYS GEN STORES INC	91,849 (-29.9%)	$73M (-23.5%)	2.3%	$370.66	—	COM	147528103
GIB	CGI INC	106,900 (-71.7%)	$6.903M (-75.0%)	0.2%	$78.91	—	CL A SUB VTG	12532H104
IDXX	IDEXX LABS INC	14,618 (-70.3%)	$7.696M (-72.2%)	0.2%	$285.58	—	COM	45168D104
ICE	INTERCONTINENTAL EXCHANGE IN	52,944 (-67.9%)	$6.518M (-74.9%)	0.2%	$93.19	—	COM	45866F104
MPWR	MONOLITHIC PWR SYS INC	32,677 (-44.3%)	$45.17M (-29.6%)	1.4%	$566.48	—	COM	609839105
WRB	BERKLEY W R CORP	906,464 (-26.3%)	$63.93M (-21.6%)	2.0%	$40.28	—	COM	084423102
SYK	STRYKER CORPORATION	41,371 (-52.9%)	$13.03M (-54.9%)	0.4%	$276.32	—	COM	863667101
SPGI	S&P GLOBAL INC	24,192 (-57.7%)	$9.852M (-59.5%)	0.3%	$323.76	—	COM	78409V104
EXPO	EXPONENT INC	18,900 (-91.5%)	$1.111M (-92.4%)	0.0%	$62.76	—	COM	30214U102
MRSH	MARSH & MCLENNAN COS INC	7,311 (-91.1%)	$1.219M (-91.4%)	0.0%	$152.13	—	COM	571748102
PH	PARKER-HANNIFIN CORP	9,000 (-62.5%)	$8.803M (-59.0%)	0.3%	$876.12	—	COM	701094104
MAR	MARRIOTT INTL INC NEW	28,000 (-60.0%)	$10.38M (-54.7%)	0.3%	$330.79	—	CL A	571903202
FICO	FAIR ISAAC CORP	10,902 (-54.4%)	$13.03M (-48.9%)	0.4%	$248.73	—	COM	303250104
CRS	CARPENTER TECHNOLOGY CORP	10,002 (-78.7%)	$6.17M (-66.7%)	0.2%	$111.06	—	COM	144285103
RLI	RLI CORP	223,000 (-46.1%)	$13.17M (-44.2%)	0.4%	$48.54	—	COM	749607107
CRWD	CROWDSTRIKE HLDGS INC	29,800 (-7.5%)	$22.74M (+80.9%)	0.7%	$106.12	—	CL A	22788C105
LII	LENNOX INTL INC	125,300 (-7.4%)	$71.79M (+14.3%)	2.3%	$266.04	—	COM	526107107
MSI	MOTOROLA SOLUTIONS INC	128,400 (-8.4%)	$53.32M (-12.3%)	1.7%	$252.41	—	COM NEW	620076307
GOOGL	ALPHABET INC	123,000 (-5.4%)	$43.96M (+17.6%)	1.4%	$113.46	—	CAP STK CL A	02079K305
TDG	TRANSDIGM GROUP INC	16,857 (-30.5%)	$22.45M (-20.1%)	0.7%	$344.05	—	COM	893641100
EXEL	EXELIXIS INC	476,043 (-3.3%)	$25.9M (+22.7%)	0.8%	$24.72	—	COM	30161Q104
AVGO	BROADCOM INC	90,066 (-5.3%)	$34.02M (+15.6%)	1.1%	$201.51	—	COM	11135F101
NVDA	NVIDIA CORPORATION	246,174 (-3.9%)	$49.26M (+10.3%)	1.6%	$94.65	—	COM	67066G104
CRM	SALESFORCE INC	71,018 (-11.2%)	$11.13M (-25.5%)	0.4%	$201.24	—	COM	79466L302
COST	COSTCO WHOLESALE CORPORATION	26,500 (-7.7%)	$24.79M (-13.3%)	0.8%	$144.54	—	COM	22160K105
RSG	REPUBLIC SVCS INC	248,705 (-3.8%)	$52.99M (-6.4%)	1.7%	$109.76	—	COM	760759100
FIX	COMFORT SYS USA INC	27,604 (-25.6%)	$54.71M (+6.9%)	1.7%	$234.37	—	COM	199908104
CRWV	COREWEAVE INC	166,000 (-1.2%)	$16.52M (+27.0%)	0.5%	$113.73	—	COM CL A	21873S108
EME	EMCOR GROUP INC	6,603 (-43.1%)	$5.48M (-36.0%)	0.2%	$157.42	—	COM	29084Q100
AMZN	AMAZON COM INC	136,015 (-4.2%)	$32.42M (+9.6%)	1.0%	$133.82	—	COM	023135106
AGO	ASSURED GUARANTY LTD	32,000 (-46.7%)	$2.565M (-47.5%)	0.1%	$80.77	—	COM	G0585R106
LLY	ELI LILLY & CO	9,010 (-5.3%)	$10.81M (+23.5%)	0.3%	$773.40	—	COM	532457108
BMI	BADGER METER INC	84,200 (-7.7%)	$12.49M (-10.1%)	0.4%	$155.13	—	COM	056525108
ORLY	OREILLY AUTOMOTIVE INC	77,000 (-14.4%)	$7.091M (-14.6%)	0.2%	$97.70	—	COM	67103H107
HEI	HEICO CORP NEW	251,697 (-22.0%)	$89.65M (+1.3%)	2.9%	$173.59	—	COM	422806109
META	META PLATFORMS INC	64,505 (-1.5%)	$36.34M (-3.0%)	1.2%	$228.26	—	CL A	30303M102
DAL	DELTA AIR LINES INC	47,031 (-6.0%)	$4.405M (+32.4%)	0.1%	$45.86	—	COM NEW	247361702
V	VISA INC	44,027 (-6.4%)	$15.11M (+6.3%)	0.5%	$186.89	—	COM CL A	92826C839
IBKR	INTERACTIVE BROKERS GROUP IN	54,160 (-5.2%)	$4.714M (+23.0%)	0.2%	$37.30	—	COM CL A	45841N107
AAPL	APPLE INC	30,125 (-3.1%)	$8.717M (+10.4%)	0.3%	$127.05	—	COM	037833100
MTSI	MACOM TECH SOLUTIONS HLDGS I	26,046 (-45.8%)	$9.907M (-7.1%)	0.3%	$125.23	—	COM	55405Y100
GS	GOLDMAN SACHS GROUP INC	5,310 (-3.6%)	$5.371M (+15.2%)	0.2%	$383.96	—	COM	38141G104
BAC	BANK OF AMER CORP	87,000 (-3.3%)	$4.957M (+13.0%)	0.2%	$31.51	—	COM	060505104
PLUS	EPLUS INC	111,600 (-14.1%)	$9.288M (-5.0%)	0.3%	$42.18	—	COM	294268107
VRTX	VERTEX PHARMACEUTICALS INC	19,500 (-7.1%)	$9.686M (+3.3%)	0.3%	$229.41	—	COM	92532F100
MSA	MSA SAFETY INC	73,600 (-5.2%)	$12.85M (+1.0%)	0.4%	$173.03	—	COM	553498106
RIVN	RIVIAN AUTOMOTIVE INC	450,000 (-13.5%)	$7.808M (-0.2%)	0.2%	$18.87	—	COM CL A	76954A103

Unchanged Positions (43)

CDNS CADENCE DESIGN SYSTEM INC 2.9%

Value $91.69M Shares 244,300 Est. Cost $65.53 Unrealized —

CACI CACI INTL INC 2.6%

Value $81.63M Shares 176,200 Est. Cost $418.43 Unrealized —

AAON AAON INC 0.8%

Value $26.45M Shares 208,500 Est. Cost $37.19 Unrealized —

SPXC SPX TECHNOLOGIES INC 1.1%

Value $35.77M Shares 145,900 Est. Cost $193.48 Unrealized —

APP APPLOVIN CORP 0.9%

Value $27.82M Shares 54,003 Est. Cost $334.33 Unrealized —

MSTR STRATEGY INC 0.4%

Value $12M Shares 138,000 Est. Cost $212.63 Unrealized —

ROL ROLLINS INC 0.4%

Value $14.05M Shares 336,655 Est. Cost $29.45 Unrealized —

TT TRANE TECHNOLOGIES PLC 0.8%

Value $23.58M Shares 48,000 Est. Cost $312.18 Unrealized —

CVCO CAVCO INDS INC DEL 0.4%

Value $13.45M Shares 21,900 Est. Cost $173.99 Unrealized —

EXLS EXLSERVICE HLDGS INC 0.5%

Value $15.1M Shares 584,065 Est. Cost $28.10 Unrealized —

SIGI SELECTIVE INS GROUP INC 0.3%

Value $10.69M Shares 110,193 Est. Cost $88.14 Unrealized —

BR BROADRIDGE FINL SOLUTIONS IN 0.4%

Value $11.78M Shares 86,000 Est. Cost $234.26 Unrealized —

NOW SERVICENOW INC 1.3%

Value $40.34M Shares 406,320 Est. Cost $141.00 Unrealized —

FN FABRINET 0.8%

Value $25.12M Shares 44,700 Est. Cost $130.23 Unrealized —

SSD SIMPSON MFG INC 0.3%

Value $9.672M Shares 46,200 Est. Cost $176.40 Unrealized —

MEDP MEDPACE HLDGS INC 0.5%

Value $17.22M Shares 32,509 Est. Cost $236.43 Unrealized —

ENVA ENOVA INTL INC 0.1%

Value $3.37M Shares 14,000 Est. Cost $133.85 Unrealized —

ACIW ACI WORLDWIDE INC 0.2%

Value $7.131M Shares 141,800 Est. Cost $53.15 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.1%

Value $3.839M Shares 40,000 Est. Cost $142.92 Unrealized —

TXRH TEXAS ROADHOUSE INC 0.3%

Value $8.038M Shares 41,600 Est. Cost $53.18 Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 0.3%

Value $8.157M Shares 28,015 Est. Cost $328.60 Unrealized —

SITE SITEONE LANDSCAPE SUPPLY INC 0.2%

Value $5.846M Shares 51,100 Est. Cost $129.08 Unrealized —

CXT CRANE NXT CO 0.1%

Value $3.852M Shares 75,300 Est. Cost $57.00 Unrealized —

KAI KADANT INC 0.4%

Value $11.25M Shares 35,800 Est. Cost $225.13 Unrealized —

SF STIFEL FINL CORP 0.3%

Value $10.93M Shares 156,633 Est. Cost $59.82 Unrealized —

CSL CARLISLE COS INC 0.2%

Value $7.037M Shares 19,400 Est. Cost $89.22 Unrealized —

FANG DIAMONDBACK ENERGY INC 0.1%

Value $3.867M Shares 22,000 Est. Cost $86.06 Unrealized —

BRO BROWN & BROWN INC 0.9%

Value $28.54M Shares 444,900 Est. Cost $103.27 Unrealized —

MA MASTERCARD INCORPORATED 0.5%

Value $14.72M Shares 28,658 Est. Cost $269.10 Unrealized —

JPM JPMORGAN CHASE & CO 0.1%

Value $3.928M Shares 12,000 Est. Cost $104.90 Unrealized —

CTAS CINTAS CORP 1.9%

Value $59.81M Shares 351,635 Est. Cost $157.65 Unrealized —

ECL ECOLAB INC 0.2%

Value $6.157M Shares 22,100 Est. Cost $145.26 Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 0.1%

Value $3.311M Shares 10,018 Est. Cost $76.71 Unrealized —

LYFT LYFT INC 0.1%

Value $2.776M Shares 190,000 Est. Cost $31.14 Unrealized —

WDAY WORKDAY INC 0.1%

Value $3.305M Shares 27,000 Est. Cost $203.41 Unrealized —

APPF APPFOLIO INC 0.3%

Value $8.893M Shares 55,460 Est. Cost $229.86 Unrealized —

BLD TOPBUILD COR 0.4%

Value $13.4M Shares 37,800 Est. Cost $198.90 Unrealized —

BX BLACKSTONE INC 0.1%

Value $3.648M Shares 31,000 Est. Cost $89.69 Unrealized —

UBER UBER TECHNOLOGIES INC 0.7%

Value $20.93M Shares 290,000 Est. Cost $47.46 Unrealized —

ATR APTARGROUP INC 0.3%

Value $8.676M Shares 69,300 Est. Cost $113.57 Unrealized —

MMSI MERIT MED SYS INC 0.3%

Value $9.569M Shares 138,000 Est. Cost $95.26 Unrealized —

BCPC BALCHEM CORP 0.2%

Value $6.099M Shares 36,100 Est. Cost $105.51 Unrealized —

DIS DISNEY WALT CO 0.1%

Value $2.695M Shares 28,000 Est. Cost $109.29 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CDNS	CADENCE DESIGN SYSTEM INC	244,300	$91.69M	2.9%	$65.53	—	COM	127387108
CACI	CACI INTL INC	176,200	$81.63M	2.6%	$418.43	—	CL A	127190304
AAON	AAON INC	208,500	$26.45M	0.8%	$37.19	—	COM PAR $0.004	000360206
SPXC	SPX TECHNOLOGIES INC	145,900	$35.77M	1.1%	$193.48	—	COM	78473E103
APP	APPLOVIN CORP	54,003	$27.82M	0.9%	$334.33	—	COM CL A	03831W108
MSTR	STRATEGY INC	138,000	$12M	0.4%	$212.63	—	CL A NEW	594972408
ROL	ROLLINS INC	336,655	$14.05M	0.4%	$29.45	—	COM	775711104
TT	TRANE TECHNOLOGIES PLC	48,000	$23.58M	0.8%	$312.18	—	SHS	G8994E103
CVCO	CAVCO INDS INC DEL	21,900	$13.45M	0.4%	$173.99	—	COM	149568107
EXLS	EXLSERVICE HLDGS INC	584,065	$15.1M	0.5%	$28.10	—	COM	302081104
SIGI	SELECTIVE INS GROUP INC	110,193	$10.69M	0.3%	$88.14	—	COM	816300107
BR	BROADRIDGE FINL SOLUTIONS IN	86,000	$11.78M	0.4%	$234.26	—	COM	11133T103
NOW	SERVICENOW INC	406,320	$40.34M	1.3%	$141.00	—	COM	81762P102
FN	FABRINET	44,700	$25.12M	0.8%	$130.23	—	SHS	G3323L100
SSD	SIMPSON MFG INC	46,200	$9.672M	0.3%	$176.40	—	COM	829073105
MEDP	MEDPACE HLDGS INC	32,509	$17.22M	0.5%	$236.43	—	COM	58506Q109
ENVA	ENOVA INTL INC	14,000	$3.37M	0.1%	$133.85	—	COM	29357K103
ACIW	ACI WORLDWIDE INC	141,800	$7.131M	0.2%	$53.15	—	COM	004498101
BABA	ALIBABA GROUP HLDG LTD	40,000	$3.839M	0.1%	$142.92	—	SPONSORED ADS	01609W102
TXRH	TEXAS ROADHOUSE INC	41,600	$8.038M	0.3%	$53.18	—	COM	882681109
GPI	GROUP 1 AUTOMOTIVE INC	28,015	$8.157M	0.3%	$328.60	—	COM	398905109
SITE	SITEONE LANDSCAPE SUPPLY INC	51,100	$5.846M	0.2%	$129.08	—	COM	82982L103
CXT	CRANE NXT CO	75,300	$3.852M	0.1%	$57.00	—	COM	224441105
KAI	KADANT INC	35,800	$11.25M	0.4%	$225.13	—	COM	48282T104
SF	STIFEL FINL CORP	156,633	$10.93M	0.3%	$59.82	—	COM	860630102
CSL	CARLISLE COS INC	19,400	$7.037M	0.2%	$89.22	—	COM	142339100
FANG	DIAMONDBACK ENERGY INC	22,000	$3.867M	0.1%	$86.06	—	COM	25278X109
BRO	BROWN & BROWN INC	444,900	$28.54M	0.9%	$103.27	—	COM	115236101
MA	MASTERCARD INCORPORATED	28,658	$14.72M	0.5%	$269.10	—	CL A	57636Q104
JPM	JPMORGAN CHASE & CO	12,000	$3.928M	0.1%	$104.90	—	COM	46625H100
CTAS	CINTAS CORP	351,635	$59.81M	1.9%	$157.65	—	COM	172908105
ECL	ECOLAB INC	22,100	$6.157M	0.2%	$145.26	—	COM	278865100
HLT	HILTON WORLDWIDE HLDGS INC	10,018	$3.311M	0.1%	$76.71	—	COM	43300A203
LYFT	LYFT INC	190,000	$2.776M	0.1%	$31.14	—	CL A COM	55087P104
WDAY	WORKDAY INC	27,000	$3.305M	0.1%	$203.41	—	CL A	98138H101
APPF	APPFOLIO INC	55,460	$8.893M	0.3%	$229.86	—	COM CL A	03783C100
BLD	TOPBUILD COR	37,800	$13.4M	0.4%	$198.90	—	COM	89055F103
BX	BLACKSTONE INC	31,000	$3.648M	0.1%	$89.69	—	COM	09260D107
UBER	UBER TECHNOLOGIES INC	290,000	$20.93M	0.7%	$47.46	—	COM	90353T100
ATR	APTARGROUP INC	69,300	$8.676M	0.3%	$113.57	—	COM	038336103
MMSI	MERIT MED SYS INC	138,000	$9.569M	0.3%	$95.26	—	COM	589889104
BCPC	BALCHEM CORP	36,100	$6.099M	0.2%	$105.51	—	COM	057665200
DIS	DISNEY WALT CO	28,000	$2.695M	0.1%	$109.29	—	COM	254687106