Strategic Global Advisors, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YUM	YUM BRANDS INC	46,003	$6,959	1.1%	$147.67	0.0%	COM	988498101
FICO	FAIR ISAAC CORP	3,580	$6,052	0.9%	$1721.38	0.0%	COM	303250104
USFD	US FOODS HLDG CORP	66,200	$4,986	0.8%	$75.09	0.0%	COM	912008109
HST	HOST HOTELS & RESORTS INC	278,052	$4,930	0.8%	$16.93	0.0%	COM	44107P104
EWBC	EAST WEST BANCORP INC	39,494	$4,439	0.7%	$105.17	0.0%	COM	27579R104
VICI	VICI PPTYS INC	152,457	$4,287	0.7%	$29.30	0.0%	COM	925652109
HCA	HCA HEALTHCARE INC	8,136	$3,798	0.6%	$463.73	0.0%	COM	40412C101
T	AT&T INC	148,956	$3,700	0.6%	$25.29	0.0%	COM	00206R102
ROL	ROLLINS INC	52,108	$3,128	0.5%	$58.66	0.0%	COM	775711104
ACI	ALBERTSONS COS INC	166,460	$2,858	0.4%	$17.64	0.0%	COMMON STOCK	013091103
DOCS	DOXIMITY INC	55,955	$2,478	0.4%	$56.14	0.0%	CL A	26622P107
DOCU	DOCUSIGN INC	33,026	$2,259	0.3%	$69.15	0.0%	COM	256163106
ODD	ODDITY TECH LTD	52,320	$2,102	0.3%	$45.20	0.0%	SHS CL A	M7518J104
TSLA	TESLA INC	4,125	$1,855	0.3%	$443.29	0.0%	COM	88160R101
FTI	TECHNIPFMC PLC	36,804	$1,640	0.3%	$42.20	0.0%	COM	G87110105
EXPE	EXPEDIA GROUP INC	5,704	$1,616	0.2%	$246.88	0.0%	COM NEW	30212P303
PODD	INSULET CORP	5,443	$1,547	0.2%	$312.66	0.0%	COM	45784P101
OHI	OMEGA HEALTHCARE INVS INC	25,589	$1,135	0.2%	$44.34	—	COM	681936100
GLPI	GAMING & LEISURE PPTYS INC	20,301	$907	0.1%	$44.69	—	COM	36467J108
UL	UNILEVER PLC	13,174	$862	0.1%	$65.40	—	SPON ADR NEW	904767803
EWY	ISHARES INC	6,830	$664	0.1%	$97.22	—	MSCI STH KOR ETF	464286772
ERIC	TELEFONAKTIEBOLAGET LM ERICS	52,861	$510	0.1%	$9.65	—	ADR B SEK 10	294821608
RELX	RELX PLC	12,483	$505	0.1%	$40.42	—	SPONSORED ADR	759530108
BUD	ANHEUSER BUSCH INBEV SA/NV	7,692	$493	0.1%	$64.04	—	SPONSORED ADR	03524A108
TIGO	MILLICOM INTL CELLULAR S A	7,360	$408	0.1%	$50.35	0.0%	COM STK	L6388F110
HTHT	H WORLD GROUP LTD	8,030	$378	0.1%	$47.05	—	SPONSORED ADS	44332N106
SNY	SANOFI SA	7,237	$351	0.1%	$48.46	—	SPONSORED ADR	80105N105
ONC	BEONE MEDICINES LTD	1,106	$336	0.1%	$303.81	—	SPONSORED ADS	07725L102
EFA	ISHARES TR	2,458	$236	0.0%	$96.03	—	MSCI EAFE ETF	464287465

Increased Positions (39)

MLI MUELLER INDS INC 1.4%

Value ($000) $8,826 (+415.2%) Shares 76,884 (+353.8%) Est. Cost $103.85 Unrealized +3.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.2%

Value ($000) $7,942 (+203.3%) Shares 26,135 (+178.8%) Est. Cost $237.18 Unrealized —

ST SENSATA TECHNOLOGIES HLDG PL 1.5%

Value ($000) $9,933 (+109.6%) Shares 298,367 (+92.3%) Est. Cost $29.07 Unrealized +10.0%

NTB BANK OF NT BUTTERFIELD&SON L 1.8%

Value ($000) $11,584 (+77.2%) Shares 232,513 (+52.7%) Est. Cost $32.06 Unrealized +43.8%

AAPL APPLE INC 3.9%

Value ($000) $24,947 (+23.0%) Shares 91,764 (+15.2%) Est. Cost $158.47 Unrealized +69.3%

MEDP MEDPACE HLDGS INC 1.0%

Value ($000) $6,196 (+219.3%) Shares 11,031 (+192.3%) Est. Cost $468.92 Unrealized +21.1%

NFLX NETFLIX INC 1.8%

Value ($000) $11,670 (-23.4%) Shares 124,470 (+879.5%) Est. Cost $103.34 Unrealized +4.3%

ITRN ITURAN LOCATION AND CONTROL 0.9%

Value ($000) $5,691 (+148.6%) Shares 132,325 (+106.4%) Est. Cost $33.59 Unrealized +16.8%

AVGO BROADCOM INC 3.0%

Value ($000) $19,499 (+17.7%) Shares 56,340 (+12.2%) Est. Cost $173.66 Unrealized +105.6%

IT GARTNER INC 0.8%

Value ($000) $5,362 (+108.0%) Shares 21,253 (+116.8%) Est. Cost $283.93 Unrealized -15.2%

MCO MOODYS CORP 1.5%

Value ($000) $9,515 (+37.5%) Shares 18,625 (+28.2%) Est. Cost $479.65 Unrealized +1.6%

FOXA FOX CORP 1.6%

Value ($000) $10,128 (+19.7%) Shares 138,600 (+3.3%) Est. Cost $57.93 Unrealized +12.8%

UI UBIQUITI INC 0.6%

Value ($000) $4,124 (+51.8%) Shares 7,453 (+81.2%) Est. Cost $558.98 Unrealized +13.2%

ALL ALLSTATE CORP 1.6%

Value ($000) $10,175 (+15.6%) Shares 48,882 (+19.2%) Est. Cost $200.83 Unrealized +1.6%

DOX AMDOCS LTD 0.6%

Value ($000) $4,014 (+39.1%) Shares 49,858 (+41.8%) Est. Cost $84.29 Unrealized -5.2%

UBER UBER TECHNOLOGIES INC 0.6%

Value ($000) $4,052 (+31.0%) Shares 49,596 (+57.1%) Est. Cost $73.08 Unrealized +23.2%

IDXX IDEXX LABS INC 1.9%

Value ($000) $12,282 (+7.6%) Shares 18,155 (+1.6%) Est. Cost $508.94 Unrealized +33.8%

AZN ASTRAZENECA PLC 0.1%

Value ($000) $929 (+265.8%) Shares 10,106 (+205.3%) Est. Cost $85.64 Unrealized —

RIO RIO TINTO PLC 0.4%

Value ($000) $2,712 (+30.6%) Shares 33,884 (+7.7%) Est. Cost $67.34 Unrealized —

OPRA OPERA LTD 0.2%

Value ($000) $1,456 (-30.3%) Shares 102,790 (+1.7%) Est. Cost $20.53 Unrealized —

SU SUNCOR ENERGY INC NEW 0.2%

Value ($000) $1,022 (+131.2%) Shares 23,044 (+117.9%) Est. Cost $39.34 Unrealized +7.4%

SONY SONY GROUP CORP 0.3%

Value ($000) $1,674 (+38.7%) Shares 65,382 (+55.9%) Est. Cost $22.62 Unrealized —

ASML ASML HOLDING N V 0.2%

Value ($000) $1,436 (+45.0%) Shares 1,342 (+31.2%) Est. Cost $841.10 Unrealized —

NWG NATWEST GROUP PLC 0.2%

Value ($000) $1,525 (+39.4%) Shares 87,131 (+12.7%) Est. Cost $9.50 Unrealized —

QCOM QUALCOMM INC 1.1%

Value ($000) $7,367 (+5.4%) Shares 43,072 (+2.5%) Est. Cost $165.00 Unrealized +3.5%

NVS NOVARTIS AG 0.3%

Value ($000) $2,051 (+21.3%) Shares 14,873 (+12.8%) Est. Cost $109.32 Unrealized —

SHEL SHELL PLC 0.2%

Value ($000) $1,229 (+29.6%) Shares 16,726 (+26.1%) Est. Cost $82.10 Unrealized —

BHP BHP GROUP LTD 0.3%

Value ($000) $1,769 (+17.5%) Shares 29,295 (+8.5%) Est. Cost $54.39 Unrealized —

SAN BANCO SANTANDER SA 0.1%

Value ($000) $674 (+35.8%) Shares 57,441 (+21.4%) Est. Cost $8.90 Unrealized —

IX ORIX CORP 0.1%

Value ($000) $765 (+26.2%) Shares 26,193 (+12.8%) Est. Cost $31.48 Unrealized —

MFG MIZUHO FINANCIAL GROUP INC 0.1%

Value ($000) $693 (+23.1%) Shares 94,727 (+12.7%) Est. Cost $6.77 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $1,138 (-10.2%) Shares 7,764 (+9.4%) Est. Cost $111.76 Unrealized —

TNK TEEKAY TANKERS LTD 0.3%

Value ($000) $1,846 (+7.0%) Shares 34,557 (+1.3%) Est. Cost $44.53 Unrealized +26.1%

BCS BARCLAYS PLC 0.1%

Value ($000) $402 (+39.0%) Shares 15,807 (+12.9%) Est. Cost $21.21 Unrealized —

IBN ICICI BANK LIMITED 0.1%

Value ($000) $407 (+36.3%) Shares 13,660 (+38.3%) Est. Cost $30.11 Unrealized —

DB DEUTSCHE BANK A G 0.1%

Value ($000) $475 (+22.6%) Shares 12,312 (+12.6%) Est. Cost $18.33 Unrealized +96.9%

INFY INFOSYS LTD 0.0%

Value ($000) $293 (+30.3%) Shares 16,430 (+19.0%) Est. Cost $19.39 Unrealized —

VIPS VIPSHOP HLDGS LTD 0.1%

Value ($000) $707 (+1.9%) Shares 39,985 (+13.1%) Est. Cost $15.40 Unrealized —

ADBE ADOBE INC 0.3%

Value ($000) $1,729 (+0.6%) Shares 4,941 (+1.4%) Est. Cost $373.58 Unrealized -9.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MLI	MUELLER INDS INC	76,884 (+353.8%)	$8,826 (+415.2%)	1.4%	$103.85	+3.4%	COM	624756102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	26,135 (+178.8%)	$7,942 (+203.3%)	1.2%	$237.18	—	SPONSORED ADS	874039100
ST	SENSATA TECHNOLOGIES HLDG PL	298,367 (+92.3%)	$9,933 (+109.6%)	1.5%	$29.07	+10.0%	SHS	G8060N102
NTB	BANK OF NT BUTTERFIELD&SON L	232,513 (+52.7%)	$11,584 (+77.2%)	1.8%	$32.06	+43.8%	SHS NEW	G0772R208
AAPL	APPLE INC	91,764 (+15.2%)	$24,947 (+23.0%)	3.9%	$158.47	+69.3%	COM	037833100
MEDP	MEDPACE HLDGS INC	11,031 (+192.3%)	$6,196 (+219.3%)	1.0%	$468.92	+21.1%	COM	58506Q109
NFLX	NETFLIX INC	124,470 (+879.5%)	$11,670 (-23.4%)	1.8%	$103.34	+4.3%	COM	64110L106
ITRN	ITURAN LOCATION AND CONTROL	132,325 (+106.4%)	$5,691 (+148.6%)	0.9%	$33.59	+16.8%	SHS	M6158M104
AVGO	BROADCOM INC	56,340 (+12.2%)	$19,499 (+17.7%)	3.0%	$173.66	+105.6%	COM	11135F101
IT	GARTNER INC	21,253 (+116.8%)	$5,362 (+108.0%)	0.8%	$283.93	-15.2%	COM	366651107
MCO	MOODYS CORP	18,625 (+28.2%)	$9,515 (+37.5%)	1.5%	$479.65	+1.6%	COM	615369105
FOXA	FOX CORP	138,600 (+3.3%)	$10,128 (+19.7%)	1.6%	$57.93	+12.8%	CL A COM	35137L105
UI	UBIQUITI INC	7,453 (+81.2%)	$4,124 (+51.8%)	0.6%	$558.98	+13.2%	COM	90353W103
ALL	ALLSTATE CORP	48,882 (+19.2%)	$10,175 (+15.6%)	1.6%	$200.83	+1.6%	COM	020002101
DOX	AMDOCS LTD	49,858 (+41.8%)	$4,014 (+39.1%)	0.6%	$84.29	-5.2%	SHS	G02602103
UBER	UBER TECHNOLOGIES INC	49,596 (+57.1%)	$4,052 (+31.0%)	0.6%	$73.08	+23.2%	COM	90353T100
IDXX	IDEXX LABS INC	18,155 (+1.6%)	$12,282 (+7.6%)	1.9%	$508.94	+33.8%	COM	45168D104
AZN	ASTRAZENECA PLC	10,106 (+205.3%)	$929 (+265.8%)	0.1%	$85.64	—	SPONSORED ADR	046353108
RIO	RIO TINTO PLC	33,884 (+7.7%)	$2,712 (+30.6%)	0.4%	$67.34	—	SPONSORED ADR	767204100
OPRA	OPERA LTD	102,790 (+1.7%)	$1,456 (-30.3%)	0.2%	$20.53	—	SPONSORED ADS	68373M107
SU	SUNCOR ENERGY INC NEW	23,044 (+117.9%)	$1,022 (+131.2%)	0.2%	$39.34	+7.4%	COM	867224107
SONY	SONY GROUP CORP	65,382 (+55.9%)	$1,674 (+38.7%)	0.3%	$22.62	—	SPONSORED ADR	835699307
ASML	ASML HOLDING N V	1,342 (+31.2%)	$1,436 (+45.0%)	0.2%	$841.10	—	N Y REGISTRY SHS	N07059210
NWG	NATWEST GROUP PLC	87,131 (+12.7%)	$1,525 (+39.4%)	0.2%	$9.50	—	SPONS ADR	639057207
QCOM	QUALCOMM INC	43,072 (+2.5%)	$7,367 (+5.4%)	1.1%	$165.00	+3.5%	COM	747525103
NVS	NOVARTIS AG	14,873 (+12.8%)	$2,051 (+21.3%)	0.3%	$109.32	—	SPONSORED ADR	66987V109
SHEL	SHELL PLC	16,726 (+26.1%)	$1,229 (+29.6%)	0.2%	$82.10	—	SPON ADS	780259305
BHP	BHP GROUP LTD	29,295 (+8.5%)	$1,769 (+17.5%)	0.3%	$54.39	—	SPONSORED ADS	088606108
SAN	BANCO SANTANDER SA	57,441 (+21.4%)	$674 (+35.8%)	0.1%	$8.90	—	ADR	05964H105
IX	ORIX CORP	26,193 (+12.8%)	$765 (+26.2%)	0.1%	$31.48	—	SPONSORED ADR	686330101
MFG	MIZUHO FINANCIAL GROUP INC	94,727 (+12.7%)	$693 (+23.1%)	0.1%	$6.77	—	SPONSORED ADR	60687Y109
BABA	ALIBABA GROUP HLDG LTD	7,764 (+9.4%)	$1,138 (-10.2%)	0.2%	$111.76	—	SPONSORED ADS	01609W102
TNK	TEEKAY TANKERS LTD	34,557 (+1.3%)	$1,846 (+7.0%)	0.3%	$44.53	+26.1%	CL A	G8726X106
BCS	BARCLAYS PLC	15,807 (+12.9%)	$402 (+39.0%)	0.1%	$21.21	—	ADR	06738E204
IBN	ICICI BANK LIMITED	13,660 (+38.3%)	$407 (+36.3%)	0.1%	$30.11	—	ADR	45104G104
DB	DEUTSCHE BANK A G	12,312 (+12.6%)	$475 (+22.6%)	0.1%	$18.33	+96.9%	NAMEN AKT	D18190898
INFY	INFOSYS LTD	16,430 (+19.0%)	$293 (+30.3%)	0.0%	$19.39	—	SPONSORED ADR	456788108
VIPS	VIPSHOP HLDGS LTD	39,985 (+13.1%)	$707 (+1.9%)	0.1%	$15.40	—	SPONSORED ADS A	92763W103
ADBE	ADOBE INC	4,941 (+1.4%)	$1,729 (+0.6%)	0.3%	$373.58	-9.0%	COM	00724F101

Exited Positions (27)

MA MASTERCARD INCORPORATED 1.0%

Value ($000) $6,611 Shares 11,622 Est. Cost $361.69 Unrealized +54.5%

NXPI NXP SEMICONDUCTORS N V 1.0%

Value ($000) $6,378 Shares 28,007 Est. Cost $192.76 Unrealized +10.9%

LPLA LPL FINL HLDGS INC 0.9%

Value ($000) $5,847 Shares 17,576 Est. Cost $253.54 Unrealized +39.5%

ZTS ZOETIS INC 0.9%

Value ($000) $5,768 Shares 39,421 Est. Cost $150.53 Unrealized -13.5%

FFIV F5 INC 0.9%

Value ($000) $5,720 Shares 17,700 Est. Cost $267.06 Unrealized +0.7%

GEV GE VERNOVA INC 0.8%

Value ($000) $4,896 Shares 7,963 Est. Cost $605.52 Unrealized +0.6%

GEN GEN DIGITAL INC 0.7%

Value ($000) $4,786 Shares 168,568 Est. Cost $26.47 Unrealized +1.4%

WAB WABTEC 0.5%

Value ($000) $3,279 Shares 16,358 Est. Cost $191.49 Unrealized +7.2%

DASH DOORDASH INC 0.5%

Value ($000) $3,136 Shares 11,529 Est. Cost $250.83 Unrealized -6.5%

PGR PROGRESSIVE CORP 0.5%

Value ($000) $2,984 Shares 12,085 Est. Cost $231.70 Unrealized -8.4%

EA ELECTRONIC ARTS INC 0.4%

Value ($000) $2,873 Shares 14,245 Est. Cost $129.70 Unrealized +55.5%

DECK DECKERS OUTDOOR CORP 0.4%

Value ($000) $2,386 Shares 23,540 Est. Cost $141.58 Unrealized -33.8%

MTZ MASTEC INC 0.3%

Value ($000) $2,032 Shares 9,548 Est. Cost $144.03 Unrealized +45.7%

EG EVEREST GROUP LTD 0.2%

Value ($000) $1,474 Shares 4,210 Est. Cost $337.63 Unrealized -2.2%

JBL JABIL INC 0.2%

Value ($000) $1,426 Shares 6,566 Est. Cost $217.63 Unrealized -2.0%

JHG JANUS HENDERSON GROUP PLC 0.2%

Value ($000) $1,413 Shares 31,737 Est. Cost $42.10 Unrealized +5.1%

— UNILEVER PLC 0.1%

Value ($000) $781 Shares 13,182 Est. Cost $59.66 Unrealized —

XP XP INC 0.1%

Value ($000) $686 Shares 36,488 Est. Cost $17.48 Unrealized +0.7%

TSN TYSON FOODS INC 0.1%

Value ($000) $662 Shares 12,199 Est. Cost $54.40 Unrealized +0.4%

IHG INTERCONTINENTAL HOTELS GROU 0.1%

Value ($000) $518 Shares 4,270 Est. Cost $143.46 Unrealized —

ABEV AMBEV SA 0.1%

Value ($000) $416 Shares 186,708 Est. Cost $1.95 Unrealized —

— TOTALENERGIES SE 0.1%

Value ($000) $353 Shares 5,921 Est. Cost $55.66 Unrealized —

GMAB GENMAB A/S 0.0%

Value ($000) $283 Shares 9,224 Est. Cost $30.67 Unrealized —

GFL GFL ENVIRONMENTAL INC 0.0%

Value ($000) $278 Shares 5,860 Est. Cost $48.43 Unrealized -7.8%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.0%

Value ($000) $206 Shares 10,195 Est. Cost $16.76 Unrealized —

TBLA TABOOLA.COM LTD 0.0%

Value ($000) $57 Shares 16,608 Est. Cost $3.42 Unrealized +9.9%

MNKD MANNKIND CORP 0.0%

Value ($000) $55 Shares 10,259 Est. Cost $4.39 Unrealized +25.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MA	MASTERCARD INCORPORATED	11,622	$6,611	1.0%	$361.69	+54.5%	—	57636Q104
NXPI	NXP SEMICONDUCTORS N V	28,007	$6,378	1.0%	$192.76	+10.9%	—	N6596X109
LPLA	LPL FINL HLDGS INC	17,576	$5,847	0.9%	$253.54	+39.5%	—	50212V100
ZTS	ZOETIS INC	39,421	$5,768	0.9%	$150.53	-13.5%	—	98978V103
FFIV	F5 INC	17,700	$5,720	0.9%	$267.06	+0.7%	—	315616102
GEV	GE VERNOVA INC	7,963	$4,896	0.8%	$605.52	+0.6%	—	36828A101
GEN	GEN DIGITAL INC	168,568	$4,786	0.7%	$26.47	+1.4%	—	668771108
WAB	WABTEC	16,358	$3,279	0.5%	$191.49	+7.2%	—	929740108
DASH	DOORDASH INC	11,529	$3,136	0.5%	$250.83	-6.5%	—	25809K105
PGR	PROGRESSIVE CORP	12,085	$2,984	0.5%	$231.70	-8.4%	—	743315103
EA	ELECTRONIC ARTS INC	14,245	$2,873	0.4%	$129.70	+55.5%	—	285512109
DECK	DECKERS OUTDOOR CORP	23,540	$2,386	0.4%	$141.58	-33.8%	—	243537107
MTZ	MASTEC INC	9,548	$2,032	0.3%	$144.03	+45.7%	—	576323109
EG	EVEREST GROUP LTD	4,210	$1,474	0.2%	$337.63	-2.2%	—	G3223R108
JBL	JABIL INC	6,566	$1,426	0.2%	$217.63	-2.0%	—	466313103
JHG	JANUS HENDERSON GROUP PLC	31,737	$1,413	0.2%	$42.10	+5.1%	—	G4474Y214
—	UNILEVER PLC	13,182	$781	0.1%	$59.66	—	—	904767704
XP	XP INC	36,488	$686	0.1%	$17.48	+0.7%	—	G98239109
TSN	TYSON FOODS INC	12,199	$662	0.1%	$54.40	+0.4%	—	902494103
IHG	INTERCONTINENTAL HOTELS GROU	4,270	$518	0.1%	$143.46	—	—	45857P806
ABEV	AMBEV SA	186,708	$416	0.1%	$1.95	—	—	02319V103
—	TOTALENERGIES SE	5,921	$353	0.1%	$55.66	—	—	89151E109
GMAB	GENMAB A/S	9,224	$283	0.0%	$30.67	—	—	372303206
GFL	GFL ENVIRONMENTAL INC	5,860	$278	0.0%	$48.43	-7.8%	—	36168Q104
TEVA	TEVA PHARMACEUTICAL INDS LTD	10,195	$206	0.0%	$16.76	—	—	881624209
TBLA	TABOOLA.COM LTD	16,608	$57	0.0%	$3.42	+9.9%	—	M8744T106
MNKD	MANNKIND CORP	10,259	$55	0.0%	$4.39	+25.5%	—	56400P706

Decreased Positions (66)

GRAB GRAB HOLDINGS LIMITED 0.2%

Value ($000) $1,249 (-90.4%) Shares 250,347 (-88.4%) Est. Cost $5.06 Unrealized +9.2%

WIX WIX COM LTD 1.4%

Value ($000) $8,798 (-52.5%) Shares 84,684 (-18.8%) Est. Cost $115.27 Unrealized +4.9%

EME EMCOR GROUP INC 0.8%

Value ($000) $4,868 (-61.0%) Shares 7,957 (-58.6%) Est. Cost $215.97 Unrealized +199.8%

APP APPLOVIN CORP 0.8%

Value ($000) $5,054 (-54.7%) Shares 7,501 (-51.7%) Est. Cost $54.26 Unrealized +1061.2%

SPOT SPOTIFY TECHNOLOGY S A 2.5%

Value ($000) $16,247 (-20.5%) Shares 27,978 (-4.5%) Est. Cost $384.97 Unrealized +62.4%

SE SEA LTD 0.5%

Value ($000) $3,217 (-56.3%) Shares 25,216 (-38.7%) Est. Cost $132.90 Unrealized —

ICLR ICON PLC 0.8%

Value ($000) $4,994 (-40.0%) Shares 27,407 (-42.4%) Est. Cost $231.55 Unrealized -23.1%

EOG EOG RES INC 0.2%

Value ($000) $1,537 (-63.9%) Shares 14,640 (-61.4%) Est. Cost $117.95 Unrealized -9.1%

CHKP CHECK POINT SOFTWARE TECH LT 0.6%

Value ($000) $3,609 (-40.1%) Shares 19,448 (-33.2%) Est. Cost $116.46 Unrealized +66.0%

V VISA INC 1.4%

Value ($000) $9,157 (-20.0%) Shares 26,110 (-22.1%) Est. Cost $257.89 Unrealized +32.0%

META META PLATFORMS INC 2.4%

Value ($000) $15,812 (-12.1%) Shares 23,955 (-2.2%) Est. Cost $327.91 Unrealized +103.5%

LRCX LAM RESEARCH CORP 1.6%

Value ($000) $10,645 (+25.0%) Shares 62,188 (-2.2%) Est. Cost $105.52 Unrealized +47.2%

FIX COMFORT SYS USA INC 0.5%

Value ($000) $3,152 (-40.1%) Shares 3,377 (-47.0%) Est. Cost $339.89 Unrealized +171.6%

NVDA NVIDIA CORPORATION 6.0%

Value ($000) $38,647 (-4.1%) Shares 207,221 (-4.1%) Est. Cost $99.55 Unrealized +87.0%

GOOGL ALPHABET INC 4.4%

Value ($000) $28,229 (-5.0%) Shares 90,190 (-26.2%) Est. Cost $121.14 Unrealized +135.8%

AYI ACUITY INC 0.2%

Value ($000) $1,615 (-42.6%) Shares 4,485 (-45.1%) Est. Cost $257.84 Unrealized +40.1%

LNG CHENIERE ENERGY INC 0.7%

Value ($000) $4,534 (-19.2%) Shares 23,322 (-2.3%) Est. Cost $159.88 Unrealized +31.3%

NTES NETEASE INC 1.1%

Value ($000) $7,070 (-12.5%) Shares 51,376 (-3.4%) Est. Cost $78.95 Unrealized —

AZO AUTOZONE INC 0.5%

Value ($000) $3,293 (-22.7%) Shares 971 (-2.2%) Est. Cost $3010.56 Unrealized +25.5%

MNST MONSTER BEVERAGE CORP NEW 1.4%

Value ($000) $9,131 (+11.4%) Shares 119,092 (-2.2%) Est. Cost $62.42 Unrealized +14.8%

KLAC KLA CORP 1.5%

Value ($000) $9,428 (+10.2%) Shares 7,759 (-2.1%) Est. Cost $301.80 Unrealized +288.3%

CART MAPLEBEAR INC 0.8%

Value ($000) $5,129 (+19.7%) Shares 114,020 (-2.2%) Est. Cost $43.81 Unrealized -6.6%

SFM SPROUTS FMRS MKT INC 0.3%

Value ($000) $2,017 (-29.3%) Shares 25,314 (-3.4%) Est. Cost $145.48 Unrealized -38.3%

RMD RESMED INC 0.7%

Value ($000) $4,717 (-13.9%) Shares 19,585 (-2.2%) Est. Cost $227.46 Unrealized +12.3%

PINS PINTEREST INC 0.4%

Value ($000) $2,419 (-21.5%) Shares 93,426 (-2.5%) Est. Cost $33.65 Unrealized -14.5%

GDDY GODADDY INC 0.8%

Value ($000) $4,857 (-11.4%) Shares 39,147 (-2.3%) Est. Cost $96.46 Unrealized +34.2%

TDC TERADATA CORP DEL 0.3%

Value ($000) $2,151 (+36.7%) Shares 70,673 (-3.4%) Est. Cost $30.79 Unrealized -15.0%

GMED GLOBUS MED INC 0.3%

Value ($000) $1,699 (+46.6%) Shares 19,454 (-3.9%) Est. Cost $78.06 Unrealized -2.8%

COST COSTCO WHSL CORP NEW 0.8%

Value ($000) $5,384 (-9.0%) Shares 6,243 (-2.3%) Est. Cost $926.59 Unrealized -2.3%

ADSK AUTODESK INC 0.8%

Value ($000) $5,441 (-8.9%) Shares 18,380 (-2.2%) Est. Cost $214.73 Unrealized +40.9%

WFC WELLS FARGO CO NEW 1.0%

Value ($000) $6,533 (+8.6%) Shares 70,099 (-2.3%) Est. Cost $73.55 Unrealized +17.8%

PATH UIPATH INC 0.5%

Value ($000) $2,938 (+19.6%) Shares 179,245 (-2.4%) Est. Cost $11.82 Unrealized +31.6%

AM ANTERO MIDSTREAM CORP 0.5%

Value ($000) $3,508 (-10.6%) Shares 197,178 (-2.3%) Est. Cost $17.58 Unrealized +1.0%

GILD GILEAD SCIENCES INC 0.8%

Value ($000) $5,190 (+8.2%) Shares 42,281 (-2.2%) Est. Cost $77.39 Unrealized +56.2%

AMZN AMAZON COM INC 1.9%

Value ($000) $12,127 (+2.7%) Shares 52,537 (-2.3%) Est. Cost $164.00 Unrealized +39.5%

MCK MCKESSON CORP 1.3%

Value ($000) $8,553 (+3.8%) Shares 10,427 (-2.2%) Est. Cost $703.03 Unrealized +16.0%

ORLY OREILLY AUTOMOTIVE INC 0.2%

Value ($000) $1,463 (-16.9%) Shares 16,040 (-1.8%) Est. Cost $89.50 Unrealized +9.2%

PM PHILIP MORRIS INTL INC 0.7%

Value ($000) $4,281 (-6.1%) Shares 26,688 (-5.1%) Est. Cost $167.37 Unrealized -8.2%

SAP SAP SE 0.1%

Value ($000) $347 (-44.2%) Shares 1,428 (-38.6%) Est. Cost $239.30 Unrealized —

VRT VERTIV HOLDINGS CO 0.8%

Value ($000) $5,199 (+5.3%) Shares 32,093 (-2.0%) Est. Cost $92.29 Unrealized +88.1%

SNA SNAP ON INC 1.4%

Value ($000) $8,923 (-2.7%) Shares 25,893 (-2.2%) Est. Cost $215.89 Unrealized +57.7%

DBX DROPBOX INC 0.3%

Value ($000) $2,044 (-9.7%) Shares 73,522 (-1.9%) Est. Cost $27.67 Unrealized +5.3%

FUTU FUTU HLDGS LTD 0.1%

Value ($000) $478 (-30.6%) Shares 2,912 (-26.5%) Est. Cost $116.41 Unrealized —

RACE FERRARI N V 0.1%

Value ($000) $608 (-25.5%) Shares 1,646 (-2.2%) Est. Cost $442.79 Unrealized -9.6%

TJX TJX COS INC NEW 0.9%

Value ($000) $5,679 (+3.7%) Shares 36,968 (-2.4%) Est. Cost $118.19 Unrealized +25.0%

G GENPACT LIMITED 0.3%

Value ($000) $2,138 (+10.2%) Shares 45,710 (-1.4%) Est. Cost $48.71 Unrealized -11.2%

PYPL PAYPAL HLDGS INC 0.2%

Value ($000) $1,138 (-14.1%) Shares 19,499 (-1.4%) Est. Cost $67.69 Unrealized -4.2%

BBVA BANCO BILBAO VIZCAYA ARGENTA 0.2%

Value ($000) $1,406 (+13.3%) Shares 60,312 (-6.5%) Est. Cost $9.72 Unrealized —

BKNG BOOKING HOLDINGS INC 0.8%

Value ($000) $5,055 (-3.0%) Shares 944 (-2.2%) Est. Cost $5563.60 Unrealized -7.7%

EXEL EXELIXIS INC 0.7%

Value ($000) $4,220 (+3.8%) Shares 96,290 (-2.2%) Est. Cost $23.68 Unrealized +74.7%

BPOP POPULAR INC 0.5%

Value ($000) $3,533 (-4.0%) Shares 28,370 (-2.1%) Est. Cost $73.60 Unrealized +59.9%

CCK CROWN HLDGS INC 0.6%

Value ($000) $3,661 (+4.2%) Shares 35,556 (-2.3%) Est. Cost $99.95 Unrealized -2.6%

EQR EQUITY RESIDENTIAL 0.4%

Value ($000) $2,785 (-4.5%) Shares 44,173 (-2.0%) Est. Cost $64.02 Unrealized -5.2%

SLB SLB LIMITED 0.2%

Value ($000) $1,594 (+7.8%) Shares 41,543 (-3.5%) Est. Cost $31.37 Unrealized +15.0%

SCHW SCHWAB CHARLES CORP 0.7%

Value ($000) $4,743 (+2.4%) Shares 47,468 (-2.2%) Est. Cost $94.54 Unrealized +0.2%

ULS UL SOLUTIONS INC 0.2%

Value ($000) $1,544 (+7.6%) Shares 19,574 (-3.4%) Est. Cost $68.16 Unrealized +17.8%

MSCI MSCI INC 1.3%

Value ($000) $8,537 (-1.2%) Shares 14,879 (-2.3%) Est. Cost $527.52 Unrealized +6.2%

RITM RITHM CAPITAL CORP 0.2%

Value ($000) $1,530 (-5.9%) Shares 140,397 (-1.7%) Est. Cost $11.15 Unrealized —

ACN ACCENTURE PLC IRELAND 0.3%

Value ($000) $2,095 (+4.4%) Shares 7,807 (-4.1%) Est. Cost $260.61 Unrealized -2.5%

UHS UNIVERSAL HLTH SVCS INC 0.3%

Value ($000) $1,699 (+4.8%) Shares 7,795 (-1.8%) Est. Cost $181.60 Unrealized +21.7%

PEGA PEGASYSTEMS INC 0.4%

Value ($000) $2,291 (+2.3%) Shares 38,362 (-1.5%) Est. Cost $55.10 Unrealized +6.3%

ZM ZOOM COMMUNICATIONS INC 0.3%

Value ($000) $2,118 (+2.4%) Shares 24,547 (-2.1%) Est. Cost $67.46 Unrealized +24.8%

HIG HARTFORD INSURANCE GROUP INC 0.7%

Value ($000) $4,278 (+0.9%) Shares 31,046 (-2.3%) Est. Cost $76.66 Unrealized +71.6%

MTG MGIC INVT CORP WIS 0.3%

Value ($000) $2,217 (+1.3%) Shares 75,866 (-1.7%) Est. Cost $24.34 Unrealized +15.4%

WF WOORI FINL GROUP INC 0.1%

Value ($000) $377 (+3.6%) Shares 6,412 (-1.1%) Est. Cost $30.68 Unrealized —

CBRE CBRE GROUP INC 0.3%

Value ($000) $2,012 (-0.1%) Shares 12,513 (-2.1%) Est. Cost $92.98 Unrealized +69.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRAB	GRAB HOLDINGS LIMITED	250,347 (-88.4%)	$1,249 (-90.4%)	0.2%	$5.06	+9.2%	CLASS A ORD	G4124C109
WIX	WIX COM LTD	84,684 (-18.8%)	$8,798 (-52.5%)	1.4%	$115.27	+4.9%	SHS	M98068105
EME	EMCOR GROUP INC	7,957 (-58.6%)	$4,868 (-61.0%)	0.8%	$215.97	+199.8%	COM	29084Q100
APP	APPLOVIN CORP	7,501 (-51.7%)	$5,054 (-54.7%)	0.8%	$54.26	+1061.2%	COM CL A	03831W108
SPOT	SPOTIFY TECHNOLOGY S A	27,978 (-4.5%)	$16,247 (-20.5%)	2.5%	$384.97	+62.4%	SHS	L8681T102
SE	SEA LTD	25,216 (-38.7%)	$3,217 (-56.3%)	0.5%	$132.90	—	SPONSORD ADS	81141R100
ICLR	ICON PLC	27,407 (-42.4%)	$4,994 (-40.0%)	0.8%	$231.55	-23.1%	SHS	G4705A100
EOG	EOG RES INC	14,640 (-61.4%)	$1,537 (-63.9%)	0.2%	$117.95	-9.1%	COM	26875P101
CHKP	CHECK POINT SOFTWARE TECH LT	19,448 (-33.2%)	$3,609 (-40.1%)	0.6%	$116.46	+66.0%	ORD	M22465104
V	VISA INC	26,110 (-22.1%)	$9,157 (-20.0%)	1.4%	$257.89	+32.0%	COM CL A	92826C839
META	META PLATFORMS INC	23,955 (-2.2%)	$15,812 (-12.1%)	2.4%	$327.91	+103.5%	CL A	30303M102
LRCX	LAM RESEARCH CORP	62,188 (-2.2%)	$10,645 (+25.0%)	1.6%	$105.52	+47.2%	COM NEW	512807306
FIX	COMFORT SYS USA INC	3,377 (-47.0%)	$3,152 (-40.1%)	0.5%	$339.89	+171.6%	COM	199908104
NVDA	NVIDIA CORPORATION	207,221 (-4.1%)	$38,647 (-4.1%)	6.0%	$99.55	+87.0%	COM	67066G104
GOOGL	ALPHABET INC	90,190 (-26.2%)	$28,229 (-5.0%)	4.4%	$121.14	+135.8%	CAP STK CL A	02079K305
AYI	ACUITY INC	4,485 (-45.1%)	$1,615 (-42.6%)	0.2%	$257.84	+40.1%	COM	00508Y102
LNG	CHENIERE ENERGY INC	23,322 (-2.3%)	$4,534 (-19.2%)	0.7%	$159.88	+31.3%	COM NEW	16411R208
NTES	NETEASE INC	51,376 (-3.4%)	$7,070 (-12.5%)	1.1%	$78.95	—	SPONSORED ADS	64110W102
AZO	AUTOZONE INC	971 (-2.2%)	$3,293 (-22.7%)	0.5%	$3010.56	+25.5%	COM	053332102
MNST	MONSTER BEVERAGE CORP NEW	119,092 (-2.2%)	$9,131 (+11.4%)	1.4%	$62.42	+14.8%	COM	61174X109
KLAC	KLA CORP	7,759 (-2.1%)	$9,428 (+10.2%)	1.5%	$301.80	+288.3%	COM NEW	482480100
CART	MAPLEBEAR INC	114,020 (-2.2%)	$5,129 (+19.7%)	0.8%	$43.81	-6.6%	COM	565394103
SFM	SPROUTS FMRS MKT INC	25,314 (-3.4%)	$2,017 (-29.3%)	0.3%	$145.48	-38.3%	COM	85208M102
RMD	RESMED INC	19,585 (-2.2%)	$4,717 (-13.9%)	0.7%	$227.46	+12.3%	COM	761152107
PINS	PINTEREST INC	93,426 (-2.5%)	$2,419 (-21.5%)	0.4%	$33.65	-14.5%	CL A	72352L106
GDDY	GODADDY INC	39,147 (-2.3%)	$4,857 (-11.4%)	0.8%	$96.46	+34.2%	CL A	380237107
TDC	TERADATA CORP DEL	70,673 (-3.4%)	$2,151 (+36.7%)	0.3%	$30.79	-15.0%	COM	88076W103
GMED	GLOBUS MED INC	19,454 (-3.9%)	$1,699 (+46.6%)	0.3%	$78.06	-2.8%	CL A	379577208
COST	COSTCO WHSL CORP NEW	6,243 (-2.3%)	$5,384 (-9.0%)	0.8%	$926.59	-2.3%	COM	22160K105
ADSK	AUTODESK INC	18,380 (-2.2%)	$5,441 (-8.9%)	0.8%	$214.73	+40.9%	COM	052769106
WFC	WELLS FARGO CO NEW	70,099 (-2.3%)	$6,533 (+8.6%)	1.0%	$73.55	+17.8%	COM	949746101
PATH	UIPATH INC	179,245 (-2.4%)	$2,938 (+19.6%)	0.5%	$11.82	+31.6%	CL A	90364P105
AM	ANTERO MIDSTREAM CORP	197,178 (-2.3%)	$3,508 (-10.6%)	0.5%	$17.58	+1.0%	COM	03676B102
GILD	GILEAD SCIENCES INC	42,281 (-2.2%)	$5,190 (+8.2%)	0.8%	$77.39	+56.2%	COM	375558103
AMZN	AMAZON COM INC	52,537 (-2.3%)	$12,127 (+2.7%)	1.9%	$164.00	+39.5%	COM	023135106
MCK	MCKESSON CORP	10,427 (-2.2%)	$8,553 (+3.8%)	1.3%	$703.03	+16.0%	COM	58155Q103
ORLY	OREILLY AUTOMOTIVE INC	16,040 (-1.8%)	$1,463 (-16.9%)	0.2%	$89.50	+9.2%	COM	67103H107
PM	PHILIP MORRIS INTL INC	26,688 (-5.1%)	$4,281 (-6.1%)	0.7%	$167.37	-8.2%	COM	718172109
SAP	SAP SE	1,428 (-38.6%)	$347 (-44.2%)	0.1%	$239.30	—	SPON ADR	803054204
VRT	VERTIV HOLDINGS CO	32,093 (-2.0%)	$5,199 (+5.3%)	0.8%	$92.29	+88.1%	COM CL A	92537N108
SNA	SNAP ON INC	25,893 (-2.2%)	$8,923 (-2.7%)	1.4%	$215.89	+57.7%	COM	833034101
DBX	DROPBOX INC	73,522 (-1.9%)	$2,044 (-9.7%)	0.3%	$27.67	+5.3%	CL A	26210C104
FUTU	FUTU HLDGS LTD	2,912 (-26.5%)	$478 (-30.6%)	0.1%	$116.41	—	SPON ADS CL A	36118L106
RACE	FERRARI N V	1,646 (-2.2%)	$608 (-25.5%)	0.1%	$442.79	-9.6%	COM	N3167Y103
TJX	TJX COS INC NEW	36,968 (-2.4%)	$5,679 (+3.7%)	0.9%	$118.19	+25.0%	COM	872540109
G	GENPACT LIMITED	45,710 (-1.4%)	$2,138 (+10.2%)	0.3%	$48.71	-11.2%	SHS	G3922B107
PYPL	PAYPAL HLDGS INC	19,499 (-1.4%)	$1,138 (-14.1%)	0.2%	$67.69	-4.2%	COM	70450Y103
BBVA	BANCO BILBAO VIZCAYA ARGENTA	60,312 (-6.5%)	$1,406 (+13.3%)	0.2%	$9.72	—	SPONSORED ADR	05946K101
BKNG	BOOKING HOLDINGS INC	944 (-2.2%)	$5,055 (-3.0%)	0.8%	$5563.60	-7.7%	COM	09857L108
EXEL	EXELIXIS INC	96,290 (-2.2%)	$4,220 (+3.8%)	0.7%	$23.68	+74.7%	COM	30161Q104
BPOP	POPULAR INC	28,370 (-2.1%)	$3,533 (-4.0%)	0.5%	$73.60	+59.9%	COM NEW	733174700
CCK	CROWN HLDGS INC	35,556 (-2.3%)	$3,661 (+4.2%)	0.6%	$99.95	-2.6%	COM	228368106
EQR	EQUITY RESIDENTIAL	44,173 (-2.0%)	$2,785 (-4.5%)	0.4%	$64.02	-5.2%	SH BEN INT	29476L107
SLB	SLB LIMITED	41,543 (-3.5%)	$1,594 (+7.8%)	0.2%	$31.37	+15.0%	COM STK	806857108
SCHW	SCHWAB CHARLES CORP	47,468 (-2.2%)	$4,743 (+2.4%)	0.7%	$94.54	+0.2%	COM	808513105
ULS	UL SOLUTIONS INC	19,574 (-3.4%)	$1,544 (+7.6%)	0.2%	$68.16	+17.8%	CLASS A COM SHS	903731107
MSCI	MSCI INC	14,879 (-2.3%)	$8,537 (-1.2%)	1.3%	$527.52	+6.2%	COM	55354G100
RITM	RITHM CAPITAL CORP	140,397 (-1.7%)	$1,530 (-5.9%)	0.2%	$11.15	—	COM NEW	64828T201
ACN	ACCENTURE PLC IRELAND	7,807 (-4.1%)	$2,095 (+4.4%)	0.3%	$260.61	-2.5%	SHS CLASS A	G1151C101
UHS	UNIVERSAL HLTH SVCS INC	7,795 (-1.8%)	$1,699 (+4.8%)	0.3%	$181.60	+21.7%	CL B	913903100
PEGA	PEGASYSTEMS INC	38,362 (-1.5%)	$2,291 (+2.3%)	0.4%	$55.10	+6.3%	COM	705573103
ZM	ZOOM COMMUNICATIONS INC	24,547 (-2.1%)	$2,118 (+2.4%)	0.3%	$67.46	+24.8%	CL A	98980L101
HIG	HARTFORD INSURANCE GROUP INC	31,046 (-2.3%)	$4,278 (+0.9%)	0.7%	$76.66	+71.6%	COM	416515104
MTG	MGIC INVT CORP WIS	75,866 (-1.7%)	$2,217 (+1.3%)	0.3%	$24.34	+15.4%	COM	552848103
WF	WOORI FINL GROUP INC	6,412 (-1.1%)	$377 (+3.6%)	0.1%	$30.68	—	SPONSORED ADS	981064108
CBRE	CBRE GROUP INC	12,513 (-2.1%)	$2,012 (-0.1%)	0.3%	$92.98	+69.1%	CL A	12504L109

Unchanged Positions (3)

MSFT MICROSOFT CORP 3.2%

Value ($000) $20,970 Shares 43,360 Est. Cost $271.34 Unrealized +84.5%

LDOS LEIDOS HOLDINGS INC 1.7%

Value ($000) $10,719 Shares 59,418 Est. Cost $136.82 Unrealized +38.2%

SGHC SUPER GROUP SGHC LIMITED 0.2%

Value ($000) $1,050 Shares 87,860 Est. Cost $7.18 Unrealized +67.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	43,360	$20,970	3.2%	$271.34	+84.5%	COM	594918104
LDOS	LEIDOS HOLDINGS INC	59,418	$10,719	1.7%	$136.82	+38.2%	COM	525327102
SGHC	SUPER GROUP SGHC LIMITED	87,860	$1,050	0.2%	$7.18	+67.4%	ORD SHS	G8588X103