Mubadala Investment Co PJSC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARMN	ARIS MNG CORP	1,739,130	$28,226	0.2%	$12.29	0.0%	COM	04040Y109
QBTS	D-WAVE QUANTUM INC	744,840	$19,478	0.1%	$29.13	0.0%	COM	26740W109
IONQ	IONQ INC	428,520	$19,228	0.1%	$56.04	0.0%	COM	46222L108
QUBT	QUANTUM COMPUTING INC	1,587,350	$16,286	0.1%	$14.23	0.0%	COM	74766W108
RGTI	RIGETTI COMPUTING INC	619,552	$13,723	0.1%	$32.60	0.0%	COMMON STOCK	76655K103
KGC	KINROSS GOLD CORP	306,958	$11,867	0.1%	$25.98	0.0%	COM	496902404
PFE	PFIZER INC	444,978	$11,080	0.1%	$25.03	0.0%	COM	717081103
B	BARRICK MNG CORP	226,863	$9,880	0.1%	$37.42	0.0%	COM SHS	06849F108
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	38,873	$9,439	0.1%	$267.42	0.0%	CL A	989207105
ZM	ZOOM COMMUNICATIONS INC	92,060	$7,944	0.0%	$84.17	0.0%	CL A	98980L101
AEM	AGNICO EAGLE MINES LTD	44,230	$7,498	0.0%	$167.85	0.0%	COM	008474108
MU	MICRON TECHNOLOGY INC	22,083	$6,303	0.0%	$229.35	0.0%	COM	595112103
GDEV	GDEV INC	374,076	$5,611	0.0%	$21.94	0.0%	ORD SHS NEW	G6529J209
CMI	CUMMINS INC	9,430	$4,814	0.0%	$466.32	0.0%	COM	231021106
BIIB	BIOGEN INC	26,236	$4,617	0.0%	$163.37	0.0%	COM	09062X103
IVZ	INVESCO LTD	172,468	$4,531	0.0%	$24.32	0.0%	SHS	G491BT108
F	FORD MTR CO	331,180	$4,345	0.0%	$12.83	0.0%	COM	345370860
PCG	PG&E CORP	261,137	$4,196	0.0%	$15.92	0.0%	COM	69331C108
BDX	BECTON DICKINSON & CO	21,286	$4,131	0.0%	$189.55	0.0%	COM	075887109
APA	APA CORPORATION	165,722	$4,054	0.0%	$24.13	0.0%	COM	03743Q108
ABBV	ABBVIE INC	16,998	$3,884	0.0%	$227.54	0.0%	COM	00287Y109
LDOS	LEIDOS HOLDINGS INC	21,055	$3,798	0.0%	$189.10	0.0%	COM	525327102
AMKR	AMKOR TECHNOLOGY INC	93,201	$3,680	0.0%	$35.54	0.0%	COM	031652100
VICI	VICI PPTYS INC	123,881	$3,484	0.0%	$29.30	0.0%	COM	925652109
M	MACYS INC	151,162	$3,333	0.0%	$20.47	0.0%	COM	55616P104
CMC	COMMERCIAL METALS CO	45,869	$3,175	0.0%	$62.39	0.0%	COM	201723103
OPCH	OPTION CARE HEALTH INC	98,464	$3,137	0.0%	$29.35	0.0%	COM NEW	68404L201
COLB	COLUMBIA BKG SYS INC	104,704	$2,926	0.0%	$26.85	0.0%	COM	197236102
JHG	JANUS HENDERSON GROUP PLC	61,066	$2,905	0.0%	$44.24	0.0%	ORD SHS	G4474Y214
—	SYNOVUS FINL CORP	55,474	$2,776	0.0%	$50.05	—	COM NEW	87161C501
THG	HANOVER INS GROUP INC	14,812	$2,707	0.0%	$179.10	0.0%	COM	410867105
BCO	BRINKS CO	23,008	$2,686	0.0%	$114.06	0.0%	COM	109696104
OSK	OSHKOSH CORP	20,946	$2,631	0.0%	$127.92	0.0%	COM	688239201
SNX	TD SYNNEX CORPORATION	16,486	$2,477	0.0%	$152.83	0.0%	COM	87162W100
HALO	HALOZYME THERAPEUTICS INC	35,815	$2,410	0.0%	$67.27	0.0%	COM	40637H109
VNT	VONTIER CORPORATION	64,448	$2,396	0.0%	$38.27	0.0%	COM	928881101

Increased Positions (12)

IBIT ISHARES BITCOIN TRUST ETF 3.6%

Value ($000) $630,670 (+11.2%) Shares 12,702,323 (+45.6%) Est. Cost $51.74 Unrealized —

DG DOLLAR GEN CORP NEW 0.1%

Value ($000) $15,468 (+329.3%) Shares 116,503 (+234.2%) Est. Cost $110.74 Unrealized +0.7%

GEN GEN DIGITAL INC 0.1%

Value ($000) $11,456 (+198.7%) Shares 421,320 (+211.9%) Est. Cost $27.26 Unrealized -1.5%

BMY BRISTOL-MYERS SQUIBB CO 0.1%

Value ($000) $13,843 (+69.0%) Shares 256,633 (+41.3%) Est. Cost $48.61 Unrealized -2.2%

APTV APTIV PLC 0.1%

Value ($000) $10,411 (+117.6%) Shares 136,826 (+146.5%) Est. Cost $72.84 Unrealized +10.2%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $12,296 (+44.2%) Shares 100,178 (+30.4%) Est. Cost $101.17 Unrealized +19.5%

CVS CVS HEALTH CORP 0.1%

Value ($000) $11,886 (+23.5%) Shares 149,769 (+17.3%) Est. Cost $68.05 Unrealized +15.6%

ST SENSATA TECHNOLOGIES HLDG PL 0.0%

Value ($000) $2,934 (+16.9%) Shares 88,149 (+7.3%) Est. Cost $31.62 Unrealized +1.1%

XRAY DENTSPLY SIRONA INC 0.0%

Value ($000) $2,402 (+18.2%) Shares 210,117 (+31.2%) Est. Cost $13.85 Unrealized -15.3%

CI THE CIGNA GROUP 0.0%

Value ($000) $3,768 (+6.3%) Shares 13,690 (+11.4%) Est. Cost $291.77 Unrealized -4.3%

ASB ASSOCIATED BANC CORP 0.0%

Value ($000) $2,726 (+4.2%) Shares 105,821 (+4.0%) Est. Cost $25.27 Unrealized +1.2%

GDEVW GDEV INC 0.0%

Value ($000) $61 (+19.4%) Shares 3,435,718 (+54.8%) Est. Cost $0.05 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	12,702,323 (+45.6%)	$630,670 (+11.2%)	3.6%	$51.74	—	SHS BEN INT	46438F101
DG	DOLLAR GEN CORP NEW	116,503 (+234.2%)	$15,468 (+329.3%)	0.1%	$110.74	+0.7%	COM	256677105
GEN	GEN DIGITAL INC	421,320 (+211.9%)	$11,456 (+198.7%)	0.1%	$27.26	-1.5%	COM	668771108
BMY	BRISTOL-MYERS SQUIBB CO	256,633 (+41.3%)	$13,843 (+69.0%)	0.1%	$48.61	-2.2%	COM	110122108
APTV	APTIV PLC	136,826 (+146.5%)	$10,411 (+117.6%)	0.1%	$72.84	+10.2%	COM SHS	G3265R107
GILD	GILEAD SCIENCES INC	100,178 (+30.4%)	$12,296 (+44.2%)	0.1%	$101.17	+19.5%	COM	375558103
CVS	CVS HEALTH CORP	149,769 (+17.3%)	$11,886 (+23.5%)	0.1%	$68.05	+15.6%	COM	126650100
ST	SENSATA TECHNOLOGIES HLDG PL	88,149 (+7.3%)	$2,934 (+16.9%)	0.0%	$31.62	+1.1%	SHS	G8060N102
XRAY	DENTSPLY SIRONA INC	210,117 (+31.2%)	$2,402 (+18.2%)	0.0%	$13.85	-15.3%	COM	24906P109
CI	THE CIGNA GROUP	13,690 (+11.4%)	$3,768 (+6.3%)	0.0%	$291.77	-4.3%	COM	125523100
ASB	ASSOCIATED BANC CORP	105,821 (+4.0%)	$2,726 (+4.2%)	0.0%	$25.27	+1.2%	COM	045487105
GDEVW	GDEV INC	3,435,718 (+54.8%)	$61 (+19.4%)	0.0%	$0.05	—	*W EXP 99/99/999	G6529J118

Exited Positions (30)

WRD WERIDE INC 0.5%

Value ($000) $79,676 Shares 8,048,091 Est. Cost $7.88 Unrealized —

RXRX RECURSION PHARMACEUTICALS IN 0.4%

Value ($000) $63,371 Shares 12,985,927 Est. Cost $7.13 Unrealized -30.5%

PONY PONY AI INC 0.1%

Value ($000) $25,308 Shares 1,125,287 Est. Cost $22.49 Unrealized —

NEM NEWMONT CORP 0.1%

Value ($000) $12,343 Shares 146,399 Est. Cost $69.39 Unrealized +30.0%

LMT LOCKHEED MARTIN CORP 0.1%

Value ($000) $9,262 Shares 18,554 Est. Cost $448.15 Unrealized +6.3%

CNC CENTENE CORP DEL 0.1%

Value ($000) $9,145 Shares 256,308 Est. Cost $37.28 Unrealized +0.4%

LRCX LAM RESEARCH CORP 0.0%

Value ($000) $5,490 Shares 41,003 Est. Cost $105.52 Unrealized +47.2%

AMAT APPLIED MATLS INC 0.0%

Value ($000) $4,382 Shares 21,404 Est. Cost $180.78 Unrealized +32.5%

MRK MERCK & CO INC 0.0%

Value ($000) $4,080 Shares 48,613 Est. Cost $77.69 Unrealized +20.0%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $4,019 Shares 91,441 Est. Cost $42.49 Unrealized -4.7%

CSCO CISCO SYS INC 0.0%

Value ($000) $3,993 Shares 58,366 Est. Cost $67.38 Unrealized +9.5%

CCL CARNIVAL CORP 0.0%

Value ($000) $3,936 Shares 136,147 Est. Cost $23.01 Unrealized +21.2%

UTHR UNITED THERAPEUTICS CORP DEL 0.0%

Value ($000) $3,785 Shares 9,029 Est. Cost $336.31 Unrealized +38.5%

CRM SALESFORCE INC 0.0%

Value ($000) $3,542 Shares 14,947 Est. Cost $251.43 Unrealized -1.3%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value ($000) $3,360 Shares 50,103 Est. Cost $71.83 Unrealized +3.9%

MMS MAXIMUS INC 0.0%

Value ($000) $3,333 Shares 36,477 Est. Cost $71.63 Unrealized +19.3%

MTZ MASTEC INC 0.0%

Value ($000) $3,260 Shares 15,320 Est. Cost $183.12 Unrealized +14.6%

FLEX FLEX LTD 0.0%

Value ($000) $2,971 Shares 51,251 Est. Cost $53.12 Unrealized +16.3%

BAX BAXTER INTL INC 0.0%

Value ($000) $2,933 Shares 128,803 Est. Cost $25.23 Unrealized -20.7%

DELL DELL TECHNOLOGIES INC 0.0%

Value ($000) $2,796 Shares 19,723 Est. Cost $129.18 Unrealized +9.0%

MTG MGIC INVT CORP WIS 0.0%

Value ($000) $2,686 Shares 94,694 Est. Cost $27.25 Unrealized +3.0%

CHTR CHARTER COMMUNICATIONS INC N 0.0%

Value ($000) $2,669 Shares 9,702 Est. Cost $357.69 Unrealized -37.1%

LAMR LAMAR ADVERTISING CO NEW 0.0%

Value ($000) $2,594 Shares 21,193 Est. Cost $121.42 Unrealized —

LEA LEAR CORP 0.0%

Value ($000) $2,564 Shares 25,483 Est. Cost $102.60 Unrealized +3.6%

EXEL EXELIXIS INC 0.0%

Value ($000) $2,516 Shares 60,911 Est. Cost $32.44 Unrealized +27.5%

BMRN BIOMARIN PHARMACEUTICAL INC 0.0%

Value ($000) $2,473 Shares 45,657 Est. Cost $57.19 Unrealized -4.8%

ARW ARROW ELECTRS INC 0.0%

Value ($000) $2,404 Shares 19,870 Est. Cost $125.79 Unrealized -9.7%

PPC PILGRIMS PRIDE CORP 0.0%

Value ($000) $2,355 Shares 57,836 Est. Cost $45.36 Unrealized -15.2%

GEF GREIF INC 0.0%

Value ($000) $2,247 Shares 37,607 Est. Cost $63.55 Unrealized -2.1%

PRGO PERRIGO CO PLC 0.0%

Value ($000) $2,158 Shares 96,896 Est. Cost $24.45 Unrealized -31.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WRD	WERIDE INC	8,048,091	$79,676	0.5%	$7.88	—	—	950915108
RXRX	RECURSION PHARMACEUTICALS IN	12,985,927	$63,371	0.4%	$7.13	-30.5%	—	75629V104
PONY	PONY AI INC	1,125,287	$25,308	0.1%	$22.49	—	—	732908108
NEM	NEWMONT CORP	146,399	$12,343	0.1%	$69.39	+30.0%	—	651639106
LMT	LOCKHEED MARTIN CORP	18,554	$9,262	0.1%	$448.15	+6.3%	—	539830109
CNC	CENTENE CORP DEL	256,308	$9,145	0.1%	$37.28	+0.4%	—	15135B101
LRCX	LAM RESEARCH CORP	41,003	$5,490	0.0%	$105.52	+47.2%	—	512807306
AMAT	APPLIED MATLS INC	21,404	$4,382	0.0%	$180.78	+32.5%	—	038222105
MRK	MERCK & CO INC	48,613	$4,080	0.0%	$77.69	+20.0%	—	58933Y105
VZ	VERIZON COMMUNICATIONS INC	91,441	$4,019	0.0%	$42.49	-4.7%	—	92343V104
CSCO	CISCO SYS INC	58,366	$3,993	0.0%	$67.38	+9.5%	—	17275R102
CCL	CARNIVAL CORP	136,147	$3,936	0.0%	$23.01	+21.2%	—	143658300
UTHR	UNITED THERAPEUTICS CORP DEL	9,029	$3,785	0.0%	$336.31	+38.5%	—	91307C102
CRM	SALESFORCE INC	14,947	$3,542	0.0%	$251.43	-1.3%	—	79466L302
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	50,103	$3,360	0.0%	$71.83	+3.9%	—	192446102
MMS	MAXIMUS INC	36,477	$3,333	0.0%	$71.63	+19.3%	—	577933104
MTZ	MASTEC INC	15,320	$3,260	0.0%	$183.12	+14.6%	—	576323109
FLEX	FLEX LTD	51,251	$2,971	0.0%	$53.12	+16.3%	—	Y2573F102
BAX	BAXTER INTL INC	128,803	$2,933	0.0%	$25.23	-20.7%	—	071813109
DELL	DELL TECHNOLOGIES INC	19,723	$2,796	0.0%	$129.18	+9.0%	—	24703L202
MTG	MGIC INVT CORP WIS	94,694	$2,686	0.0%	$27.25	+3.0%	—	552848103
CHTR	CHARTER COMMUNICATIONS INC N	9,702	$2,669	0.0%	$357.69	-37.1%	—	16119P108
LAMR	LAMAR ADVERTISING CO NEW	21,193	$2,594	0.0%	$121.42	—	—	512816109
LEA	LEAR CORP	25,483	$2,564	0.0%	$102.60	+3.6%	—	521865204
EXEL	EXELIXIS INC	60,911	$2,516	0.0%	$32.44	+27.5%	—	30161Q104
BMRN	BIOMARIN PHARMACEUTICAL INC	45,657	$2,473	0.0%	$57.19	-4.8%	—	09061G101
ARW	ARROW ELECTRS INC	19,870	$2,404	0.0%	$125.79	-9.7%	—	042735100
PPC	PILGRIMS PRIDE CORP	57,836	$2,355	0.0%	$45.36	-15.2%	—	72147K108
GEF	GREIF INC	37,607	$2,247	0.0%	$63.55	-2.1%	—	397624107
PRGO	PERRIGO CO PLC	96,896	$2,158	0.0%	$24.45	-31.8%	—	G97822103

Decreased Positions (8)

ARM ARM HOLDINGS PLC 0.9%

Value ($000) $150,515 (-29.2%) Shares 1,376,960 (-8.3%) Est. Cost $75.14 Unrealized —

ADBE ADOBE INC 0.0%

Value ($000) $4,049 (-49.4%) Shares 11,570 (-49.0%) Est. Cost $358.75 Unrealized -5.2%

DIS DISNEY WALT CO 0.0%

Value ($000) $4,094 (-49.0%) Shares 35,984 (-48.7%) Est. Cost $109.03 Unrealized +0.5%

GL GLOBE LIFE INC 0.0%

Value ($000) $4,044 (-14.5%) Shares 28,918 (-12.6%) Est. Cost $122.68 Unrealized +10.4%

MTCH MATCH GROUP INC NEW 0.0%

Value ($000) $3,743 (-13.8%) Shares 115,930 (-5.7%) Est. Cost $35.47 Unrealized -7.4%

TNL TRAVEL PLUS LEISURE CO 0.0%

Value ($000) $3,172 (+13.6%) Shares 44,970 (-4.2%) Est. Cost $48.08 Unrealized +35.4%

AMG AFFILIATED MANAGERS GROUP IN 0.0%

Value ($000) $3,337 (+7.4%) Shares 11,575 (-11.2%) Est. Cost $220.39 Unrealized +17.3%

ORI OLD REP INTL CORP 0.0%

Value ($000) $2,880 (-2.0%) Shares 63,113 (-8.8%) Est. Cost $35.09 Unrealized +16.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARM	ARM HOLDINGS PLC	1,376,960 (-8.3%)	$150,515 (-29.2%)	0.9%	$75.14	—	SPONSORED ADS	042068205
ADBE	ADOBE INC	11,570 (-49.0%)	$4,049 (-49.4%)	0.0%	$358.75	-5.2%	COM	00724F101
DIS	DISNEY WALT CO	35,984 (-48.7%)	$4,094 (-49.0%)	0.0%	$109.03	+0.5%	COM	254687106
GL	GLOBE LIFE INC	28,918 (-12.6%)	$4,044 (-14.5%)	0.0%	$122.68	+10.4%	COM	37959E102
MTCH	MATCH GROUP INC NEW	115,930 (-5.7%)	$3,743 (-13.8%)	0.0%	$35.47	-7.4%	COM	57667L107
TNL	TRAVEL PLUS LEISURE CO	44,970 (-4.2%)	$3,172 (+13.6%)	0.0%	$48.08	+35.4%	COM	894164102
AMG	AFFILIATED MANAGERS GROUP IN	11,575 (-11.2%)	$3,337 (+7.4%)	0.0%	$220.39	+17.3%	COM	008252108
ORI	OLD REP INTL CORP	63,113 (-8.8%)	$2,880 (-2.0%)	0.0%	$35.09	+16.4%	COM	680223104

Unchanged Positions (8)

GFS GLOBALFOUNDRIES INC 90.0%

Value ($000) $15,727,535 Shares 450,387,613 Est. Cost $55.42 Unrealized -35.8%

KLAR KLARNA GROUP PLC 0.5%

Value ($000) $86,489 Shares 2,991,658 Est. Cost $42.59 Unrealized -19.4%

NEXT NEXTDECADE CORP 0.4%

Value ($000) $74,868 Shares 14,206,376 Est. Cost $4.66 Unrealized +28.1%

OTF BLUE OWL TECHNOLOGY FIN CORP 2.4%

Value ($000) $423,557 Shares 29,130,491 Est. Cost $14.58 Unrealized -6.3%

EVO EVOTEC AG 0.1%

Value ($000) $14,161 Shares 4,597,701 Est. Cost $11.73 Unrealized —

CHYM CHIME FINL INC 0.1%

Value ($000) $9,110 Shares 361,952 Est. Cost $28.41 Unrealized -25.2%

SWKS SKYWORKS SOLUTIONS INC 0.0%

Value ($000) $3,268 Shares 51,534 Est. Cost $73.23 Unrealized -5.2%

NVST ENVISTA HOLDINGS CORPORATION 0.0%

Value ($000) $2,836 Shares 130,609 Est. Cost $20.54 Unrealized -0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GFS	GLOBALFOUNDRIES INC	450,387,613	$15,727,535	90.0%	$55.42	-35.8%	ORDINARY SHARES	G39387108
KLAR	KLARNA GROUP PLC	2,991,658	$86,489	0.5%	$42.59	-19.4%	SHS	G5279N105
NEXT	NEXTDECADE CORP	14,206,376	$74,868	0.4%	$4.66	+28.1%	COM	65342K105
OTF	BLUE OWL TECHNOLOGY FIN CORP	29,130,491	$423,557	2.4%	$14.58	-6.3%	COMMON STOCK	095924106
EVO	EVOTEC AG	4,597,701	$14,161	0.1%	$11.73	—	SPONSORED ADS	30050E105
CHYM	CHIME FINL INC	361,952	$9,110	0.1%	$28.41	-25.2%	COM SHS CL A	16935C109
SWKS	SKYWORKS SOLUTIONS INC	51,534	$3,268	0.0%	$73.23	-5.2%	COM	83088M102
NVST	ENVISTA HOLDINGS CORPORATION	130,609	$2,836	0.0%	$20.54	-0.1%	COM	29415F104