Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS INC-CLASS A	234,024	$170M	0.9%	$725.18	$624.16	+16.2%	Common stock	30303M102
SNDK	SANDISK CORP	76,929	$134M	0.7%	$1739.88	$1564.36	+11.2%	Common stock	80004C200
DIS	WALT DISNEY CO/THE	1,098,332	$115M	0.6%	$104.90	$102.46	+2.4%	Common stock	254687106
TMO	THERMO FISCHER SCIEN	169,761	$115M	0.6%	$675.05	$594.06	+13.6%	Common stock	883556102
BK	BANK OF NEW YORK MELLON	790,273	$114M	0.6%	$144.63	$144.63	—	Common stock	064058100
CRWD	CROWDSTRIKE HOLDINGS INC - A	424,879	$112M	0.6%	$264.75	$212.27	+24.7%	Common stock	22788C105
SCHW	SCHWAB (CHARLES)	1,057,529	$103M	0.6%	$97.74	$105.29	-7.2%	Common stock	808513105
C	CITIGROUP	789,310	$102M	0.6%	$129.48	$134.67	-3.9%	Common stock	172967424

Increased Positions (50)

NVDA NVIDIA 12.7%

Value $2.31B (+49.6%) Shares 10,113,300 (+31.1%) Share Price $228.38 Est. Cost/Share $130.37 Unrealized @ Report Date +75.2%

MSFT MICROSOFT CORP 9.1%

Value $1.654B (+82.4%) Shares 3,225,402 (+32.7%) Share Price $512.90 Est. Cost/Share $335.63 Unrealized @ Report Date +52.8%

AAPL APPLE COMPUTER INC 10.7%

Value $1.95B (+55.1%) Shares 5,855,505 (+34.7%) Share Price $333.02 Est. Cost/Share $200.96 Unrealized @ Report Date +65.7%

AMZN AMAZON.COM 5.4%

Value $982M (+41.6%) Shares 3,940,954 (+35.4%) Share Price $249.15 Est. Cost/Share $177.29 Unrealized @ Report Date +40.5%

GOOG ALPHABET INC-CL C 5.0%

Value $918M (+38.5%) Shares 2,694,312 (+43.6%) Share Price $340.74 Est. Cost/Share $214.21 Unrealized @ Report Date +59.1%

GOOGL ALPHABET INC-CL A 3.7%

Value $673M (+30.8%) Shares 1,955,852 (+35.8%) Share Price $344.08 Est. Cost/Share $197.16 Unrealized @ Report Date +74.5%

AVGO BROADCOM INC 3.5%

Value $637M (+28.8%) Shares 1,814,490 (+38.5%) Share Price $351.19 Est. Cost/Share $227.91 Unrealized @ Report Date +54.1%

AMD ADVANCED MICRO DEVICES 2.3%

Value $418M (+42.3%) Shares 683,858 (+35.1%) Share Price $611.76 Est. Cost/Share $306.91 Unrealized @ Report Date +99.3%

JPM JPMORGAN CHASE & CO 2.1%

Value $388M (+34.1%) Shares 1,171,347 (+32.7%) Share Price $330.83 Est. Cost/Share $213.32 Unrealized @ Report Date +55.1%

LLY ELI LILLY & CO 2.2%

Value $397M (+32.7%) Shares 342,741 (+37.5%) Share Price $1157.08 Est. Cost/Share $796.42 Unrealized @ Report Date +45.3%

MU MICRON TECHNOLOGY 2.6%

Value $481M (+24.7%) Shares 451,553 (+35.2%) Share Price $1065.11 Est. Cost/Share $537.13 Unrealized @ Report Date +98.3%

V VISA INC-CLASS A SHARES 1.9%

Value $354M (+28.3%) Shares 985,760 (+22.5%) Share Price $359.33 Est. Cost/Share $295.44 Unrealized @ Report Date +21.6%

TSLA TESLA INC 2.4%

Value $434M (+19.8%) Shares 1,222,923 (+42.0%) Share Price $354.81 Est. Cost/Share $278.44 Unrealized @ Report Date +27.4%

MA MASTERCARD INC 1.4%

Value $257M (+30.0%) Shares 466,705 (+21.1%) Share Price $551.47 Est. Cost/Share $486.81 Unrealized @ Report Date +13.3%

ABBV ABBVIE INC 1.1%

Value $202M (+41.2%) Shares 772,791 (+35.8%) Share Price $261.59 Est. Cost/Share $208.45 Unrealized @ Report Date +25.5%

PANW PALO ALTO NETWORKS INC 1.0%

Value $179M (+49.2%) Shares 449,745 (+28.0%) Share Price $397.31 Est. Cost/Share $256.70 Unrealized @ Report Date +54.8%

COST COSTCO WHOLESALE CORP 1.3%

Value $232M (+32.5%) Shares 254,554 (+36.1%) Share Price $910.34 Est. Cost/Share $854.02 Unrealized @ Report Date +6.6%

MRK MERCK & CO 0.9%

Value $171M (+37.0%) Shares 1,175,613 (+21.2%) Share Price $145.31 Est. Cost/Share $101.42 Unrealized @ Report Date +43.3%

CRM SALESFORCE 0.6%

Value $113M (+66.7%) Shares 492,336 (+13.7%) Share Price $229.57 Est. Cost/Share $285.15 Unrealized @ Report Date -19.5%

AMGN AMGEN 0.8%

Value $138M (+46.1%) Shares 326,679 (+25.5%) Share Price $421.51 Est. Cost/Share $364.17 Unrealized @ Report Date +15.7%

PG PROCTER & GAMBLE CO 0.8%

Value $155M (+35.2%) Shares 1,063,503 (+36.4%) Share Price $145.28 Est. Cost/Share $145.88 Unrealized @ Report Date -0.4%

KLAC KLA Corp 0.8%

Value $137M (-22.4%) Shares 701,119 (+20.1%) Share Price $194.93 Est. Cost/Share $1279.55 Unrealized @ Report Date -84.8%

KO COCA-COLA COMPANY 0.9%

Value $161M (+31.2%) Shares 1,865,458 (+23.9%) Share Price $86.08 Est. Cost/Share $71.93 Unrealized @ Report Date +19.7%

AMAT APPLIED MATERIALS 1.2%

Value $226M (-13.8%) Shares 441,606 (+21.8%) Share Price $511.38 Est. Cost/Share $366.94 Unrealized @ Report Date +39.4%

NFLX NETFLIX INC 0.8%

Value $140M (+34.2%) Shares 2,019,105 (+37.7%) Share Price $69.58 Est. Cost/Share $96.14 Unrealized @ Report Date -27.6%

BAC BANK OF AMERICA CORP 1.0%

Value $181M (+20.8%) Shares 3,322,116 (+26.5%) Share Price $54.43 Est. Cost/Share $46.24 Unrealized @ Report Date +17.7%

VZ VERIZON COMMUNICATIONS 0.7%

Value $129M (+28.5%) Shares 2,815,176 (+18.6%) Share Price $45.87 Est. Cost/Share $46.48 Unrealized @ Report Date -1.3%

CSCO CISCO SYSTEMS 1.0%

Value $183M (+18.5%) Shares 1,696,662 (+29.4%) Share Price $107.63 Est. Cost/Share $106.41 Unrealized @ Report Date +1.1%

CW CURTISS-WRIGHT CORP 0.4%

Value $80.06M (-26.1%) Shares 147,218 (+3.0%) Share Price $543.82 Est. Cost/Share $730.72 Unrealized @ Report Date -25.6%

UNH UNITEDHEALTH GROUP 0.7%

Value $134M (+25.8%) Shares 364,678 (+42.4%) Share Price $367.08 Est. Cost/Share $467.48 Unrealized @ Report Date -21.5%

INTC INTEL CORP 1.2%

Value $212M (+13.2%) Shares 1,763,596 (+31.4%) Share Price $120.23 Est. Cost/Share $101.33 Unrealized @ Report Date +18.6%

BKR BAKER HUGHES CO 1.1%

Value $198M (+13.6%) Shares 3,608,426 (+14.8%) Share Price $54.90 Est. Cost/Share $36.30 Unrealized @ Report Date +51.3%

ORCL ORACLE CORPORATION 0.5%

Value $97.48M (+29.7%) Shares 710,008 (+38.4%) Share Price $137.30 Est. Cost/Share $156.64 Unrealized @ Report Date -12.3%

ADP AUTOMATIC DATA PROCESSING 0.6%

Value $104M (+25.2%) Shares 403,011 (+8.7%) Share Price $258.06 Est. Cost/Share $290.27 Unrealized @ Report Date -11.1%

— LINDE PLC 0.7%

Value $126M (+19.8%) Shares 266,344 (+31.0%) Share Price $474.65 Est. Cost/Share $490.76 Unrealized @ Report Date —

WELL WELLTOWER INC 1.4%

Value $263M (+8.4%) Shares 1,130,586 (+5.7%) Share Price $232.90 Est. Cost/Share $157.28 Unrealized @ Report Date —

TXN TEXAS INSTRUMENTS 0.7%

Value $121M (+20.0%) Shares 431,134 (+27.7%) Share Price $280.09 Est. Cost/Share $277.23 Unrealized @ Report Date +1.0%

WDC WESTERN DIGITAL 0.6%

Value $100M (-16.4%) Shares 220,848 (+17.5%) Share Price $454.46 Est. Cost/Share $486.22 Unrealized @ Report Date -6.5%

SLB SLB Ltd 1.1%

Value $201M (+8.5%) Shares 4,131,317 (+3.6%) Share Price $48.72 Est. Cost/Share $53.52 Unrealized @ Report Date -9.0%

PLD PROLOGIS INC 1.0%

Value $174M (+9.2%) Shares 1,311,077 (+11.6%) Share Price $132.61 Est. Cost/Share $119.18 Unrealized @ Report Date —

LRCX LAM RESEARCH 1.2%

Value $217M (-6.3%) Shares 661,914 (+23.5%) Share Price $328.51 Est. Cost/Share $305.22 Unrealized @ Report Date +7.6%

APH AMPHENOL -CL A 0.6%

Value $117M (+14.3%) Shares 1,388,625 (+139.1%) Share Price $84.30 Est. Cost/Share $139.22 Unrealized @ Report Date -39.4%

MS MORGAN STANLEY 0.7%

Value $120M (+13.3%) Shares 639,907 (+25.9%) Share Price $188.08 Est. Cost/Share $180.98 Unrealized @ Report Date +3.9%

GS GOLDMAN SACHS GROUP 0.7%

Value $125M (+10.7%) Shares 138,332 (+24.4%) Share Price $900.36 Est. Cost/Share $917.85 Unrealized @ Report Date -1.9%

HD HOME DEPOT 0.7%

Value $123M (+9.8%) Shares 431,391 (+36.2%) Share Price $284.49 Est. Cost/Share $347.24 Unrealized @ Report Date -18.1%

GEV GE VERNOVA INC 0.6%

Value $112M (+6.2%) Shares 117,464 (+31.2%) Share Price $950.49 Est. Cost/Share $1013.60 Unrealized @ Report Date -6.2%

SPGI S&P GLOBAL 0.4%

Value $68.02M (+8.4%) Shares 172,435 (+12.0%) Share Price $394.47 Est. Cost/Share $522.02 Unrealized @ Report Date -24.4%

TJX TJX COMPANIES 0.6%

Value $100M (-2.1%) Shares 758,329 (+12.1%) Share Price $132.31 Est. Cost/Share $154.31 Unrealized @ Report Date -14.3%

BKNG BOOKING HOLDINGS INC 0.5%

Value $83.26M (-2.4%) Shares 511,071 (+6.7%) Share Price $162.91 Est. Cost/Share $372.13 Unrealized @ Report Date -56.2%

SPG SIMON PROPERTY GROUP INC 0.6%

Value $104M (-0.7%) Shares 506,881 (+8.7%) Share Price $204.28 Est. Cost/Share $222.10 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA	10,113,300 (+31.1%)	$2.31B (+49.6%)	12.7%	$228.38	$130.37	+75.2%	Common stock	67066G104
MSFT	MICROSOFT CORP	3,225,402 (+32.7%)	$1.654B (+82.4%)	9.1%	$512.90	$335.63	+52.8%	Common stock	594918104
AAPL	APPLE COMPUTER INC	5,855,505 (+34.7%)	$1.95B (+55.1%)	10.7%	$333.02	$200.96	+65.7%	Common stock	037833100
AMZN	AMAZON.COM	3,940,954 (+35.4%)	$982M (+41.6%)	5.4%	$249.15	$177.29	+40.5%	Common stock	023135106
GOOG	ALPHABET INC-CL C	2,694,312 (+43.6%)	$918M (+38.5%)	5.0%	$340.74	$214.21	+59.1%	Common stock	02079K107
GOOGL	ALPHABET INC-CL A	1,955,852 (+35.8%)	$673M (+30.8%)	3.7%	$344.08	$197.16	+74.5%	Common stock	02079K305
AVGO	BROADCOM INC	1,814,490 (+38.5%)	$637M (+28.8%)	3.5%	$351.19	$227.91	+54.1%	Common stock	11135F101
AMD	ADVANCED MICRO DEVICES	683,858 (+35.1%)	$418M (+42.3%)	2.3%	$611.76	$306.91	+99.3%	Common stock	007903107
JPM	JPMORGAN CHASE & CO	1,171,347 (+32.7%)	$388M (+34.1%)	2.1%	$330.83	$213.32	+55.1%	Common stock	46625H100
LLY	ELI LILLY & CO	342,741 (+37.5%)	$397M (+32.7%)	2.2%	$1157.08	$796.42	+45.3%	Common stock	532457108
MU	MICRON TECHNOLOGY	451,553 (+35.2%)	$481M (+24.7%)	2.6%	$1065.11	$537.13	+98.3%	Common stock	595112103
V	VISA INC-CLASS A SHARES	985,760 (+22.5%)	$354M (+28.3%)	1.9%	$359.33	$295.44	+21.6%	Common stock	92826C839
TSLA	TESLA INC	1,222,923 (+42.0%)	$434M (+19.8%)	2.4%	$354.81	$278.44	+27.4%	Common stock	88160R101
MA	MASTERCARD INC	466,705 (+21.1%)	$257M (+30.0%)	1.4%	$551.47	$486.81	+13.3%	Common stock	57636Q104
ABBV	ABBVIE INC	772,791 (+35.8%)	$202M (+41.2%)	1.1%	$261.59	$208.45	+25.5%	Common stock	00287Y109
PANW	PALO ALTO NETWORKS INC	449,745 (+28.0%)	$179M (+49.2%)	1.0%	$397.31	$256.70	+54.8%	Common stock	697435105
COST	COSTCO WHOLESALE CORP	254,554 (+36.1%)	$232M (+32.5%)	1.3%	$910.34	$854.02	+6.6%	Common stock	22160K105
MRK	MERCK & CO	1,175,613 (+21.2%)	$171M (+37.0%)	0.9%	$145.31	$101.42	+43.3%	Common stock	58933Y105
CRM	SALESFORCE	492,336 (+13.7%)	$113M (+66.7%)	0.6%	$229.57	$285.15	-19.5%	Common stock	79466L302
AMGN	AMGEN	326,679 (+25.5%)	$138M (+46.1%)	0.8%	$421.51	$364.17	+15.7%	Common stock	031162100
PG	PROCTER & GAMBLE CO	1,063,503 (+36.4%)	$155M (+35.2%)	0.8%	$145.28	$145.88	-0.4%	Common stock	742718109
KLAC	KLA Corp	701,119 (+20.1%)	$137M (-22.4%)	0.8%	$194.93	$1279.55	-84.8%	Common stock	482480100
KO	COCA-COLA COMPANY	1,865,458 (+23.9%)	$161M (+31.2%)	0.9%	$86.08	$71.93	+19.7%	Common stock	191216100
AMAT	APPLIED MATERIALS	441,606 (+21.8%)	$226M (-13.8%)	1.2%	$511.38	$366.94	+39.4%	Common stock	038222105
NFLX	NETFLIX INC	2,019,105 (+37.7%)	$140M (+34.2%)	0.8%	$69.58	$96.14	-27.6%	Common stock	64110L106
BAC	BANK OF AMERICA CORP	3,322,116 (+26.5%)	$181M (+20.8%)	1.0%	$54.43	$46.24	+17.7%	Common stock	060505104
VZ	VERIZON COMMUNICATIONS	2,815,176 (+18.6%)	$129M (+28.5%)	0.7%	$45.87	$46.48	-1.3%	Common stock	92343V104
CSCO	CISCO SYSTEMS	1,696,662 (+29.4%)	$183M (+18.5%)	1.0%	$107.63	$106.41	+1.1%	Common stock	17275R102
CW	CURTISS-WRIGHT CORP	147,218 (+3.0%)	$80.06M (-26.1%)	0.4%	$543.82	$730.72	-25.6%	Common stock	231561101
UNH	UNITEDHEALTH GROUP	364,678 (+42.4%)	$134M (+25.8%)	0.7%	$367.08	$467.48	-21.5%	Common stock	91324P102
INTC	INTEL CORP	1,763,596 (+31.4%)	$212M (+13.2%)	1.2%	$120.23	$101.33	+18.6%	Common stock	458140100
BKR	BAKER HUGHES CO	3,608,426 (+14.8%)	$198M (+13.6%)	1.1%	$54.90	$36.30	+51.3%	Common stock	05722G100
ORCL	ORACLE CORPORATION	710,008 (+38.4%)	$97.48M (+29.7%)	0.5%	$137.30	$156.64	-12.3%	Common stock	68389X105
ADP	AUTOMATIC DATA PROCESSING	403,011 (+8.7%)	$104M (+25.2%)	0.6%	$258.06	$290.27	-11.1%	Common stock	053015103
—	LINDE PLC	266,344 (+31.0%)	$126M (+19.8%)	0.7%	$474.65	$490.76	—	Common stock	53223L109
WELL	WELLTOWER INC	1,130,586 (+5.7%)	$263M (+8.4%)	1.4%	$232.90	$157.28	—	Common stock	95040Q104
TXN	TEXAS INSTRUMENTS	431,134 (+27.7%)	$121M (+20.0%)	0.7%	$280.09	$277.23	+1.0%	Common stock	882508104
WDC	WESTERN DIGITAL	220,848 (+17.5%)	$100M (-16.4%)	0.6%	$454.46	$486.22	-6.5%	Common stock	958102105
SLB	SLB Ltd	4,131,317 (+3.6%)	$201M (+8.5%)	1.1%	$48.72	$53.52	-9.0%	Common stock	806857108
PLD	PROLOGIS INC	1,311,077 (+11.6%)	$174M (+9.2%)	1.0%	$132.61	$119.18	—	Common stock	74340W103
LRCX	LAM RESEARCH	661,914 (+23.5%)	$217M (-6.3%)	1.2%	$328.51	$305.22	+7.6%	Common stock	512807306
APH	AMPHENOL -CL A	1,388,625 (+139.1%)	$117M (+14.3%)	0.6%	$84.30	$139.22	-39.4%	Common stock	032095101
MS	MORGAN STANLEY	639,907 (+25.9%)	$120M (+13.3%)	0.7%	$188.08	$180.98	+3.9%	Common stock	617446448
GS	GOLDMAN SACHS GROUP	138,332 (+24.4%)	$125M (+10.7%)	0.7%	$900.36	$917.85	-1.9%	Common stock	38141G104
HD	HOME DEPOT	431,391 (+36.2%)	$123M (+9.8%)	0.7%	$284.49	$347.24	-18.1%	Common stock	437076102
GEV	GE VERNOVA INC	117,464 (+31.2%)	$112M (+6.2%)	0.6%	$950.49	$1013.60	-6.2%	Common stock	36828A101
SPGI	S&P GLOBAL	172,435 (+12.0%)	$68.02M (+8.4%)	0.4%	$394.47	$522.02	-24.4%	Common stock	78409V104
TJX	TJX COMPANIES	758,329 (+12.1%)	$100M (-2.1%)	0.6%	$132.31	$154.31	-14.3%	Common stock	872540109
BKNG	BOOKING HOLDINGS INC	511,071 (+6.7%)	$83.26M (-2.4%)	0.5%	$162.91	$372.13	-56.2%	Common stock	09857L108
SPG	SIMON PROPERTY GROUP INC	506,881 (+8.7%)	$104M (-0.7%)	0.6%	$204.28	$222.10	—	Common stock	828806109

Exited Positions (1)

NOW SERVICENOW INC 0.3%

Value $48.13M Shares 484,785 Share Price $99.28 * Est. Cost/Share $172.81 Unrealized @ Report Date -22.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NOW	SERVICENOW INC	484,785	$48.13M	0.3%	$99.28 *	$172.81	-22.5%	—	81762P102

Decreased Positions (1)

PLTR PALANTIR TECHNOLOGIES INC-A 0.2%

Value $42.23M (-47.3%) Shares 225,788 (-67.1%) Share Price $187.05 Est. Cost/Share $161.86 Unrealized @ Report Date +15.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLTR	PALANTIR TECHNOLOGIES INC-A	225,788 (-67.1%)	$42.23M (-47.3%)	0.2%	$187.05	$161.86	+15.6%	Common stock	69608A108