Prana Capital Management, LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CME	CME GROUP INC	321,318	$87,746	3.2%	$270.74	0.0%	COM	12572Q105
SPGI	S&P GLOBAL INC	83,757	$43,771	1.6%	$494.21	0.0%	COM	78409V104
HBAN	HUNTINGTON BANCSHARES INC	2,199,038	$38,153	1.4%	$16.29	0.0%	COM	446150104
RJF	RAYMOND JAMES FINL INC	232,759	$37,379	1.4%	$160.93	0.0%	COM	754730109
BX	BLACKSTONE INC	236,191	$36,406	1.3%	$151.46	0.0%	COM	09260D107
CI	THE CIGNA GROUP	115,980	$31,921	1.2%	$279.23	0.0%	COM	125523100
AJG	GALLAGHER ARTHUR J & CO	119,211	$30,851	1.1%	$264.22	0.0%	COM	363576109
MSCI	MSCI INC	25,273	$14,500	0.5%	$559.99	0.0%	COM	55354G100
GL	GLOBE LIFE INC	100,601	$14,070	0.5%	$135.45	0.0%	COM	37959E102
FISV	FISERV INC	164,342	$11,039	0.4%	$83.87	0.0%	COM	337738108
PLD	PROLOGIS INC.	76,852	$9,811	0.4%	$123.86	0.0%	COM	74340W103
RF	REGIONS FINANCIAL CORP NEW	342,011	$9,268	0.3%	$25.37	0.0%	COM	7591EP100
IT	GARTNER INC	33,235	$8,385	0.3%	$240.69	0.0%	COM	366651107
FICO	FAIR ISAAC CORP	4,650	$7,861	0.3%	$1721.38	0.0%	COM	303250104
CBRE	CBRE GROUP INC	41,769	$6,716	0.2%	$157.23	0.0%	CL A	12504L109
HLNE	HAMILTON LANE INC	46,532	$6,250	0.2%	$125.75	0.0%	CL A	407497106
AMG	AFFILIATED MANAGERS GROUP IN	14,885	$4,291	0.2%	$258.45	0.0%	COM	008252108
WRB	BERKLEY W R CORP	53,301	$3,737	0.1%	$72.74	0.0%	COM	084423102
FIGR	FIGURE TECHNOLOGY SOLUTIO	64,075	$2,617	0.1%	$40.00	0.0%	COM CL A	349381103
COIN	COINBASE GLOBAL INC	11,118	$2,514	0.1%	$297.98	0.0%	COM CL A	19260Q107
BILL	BILL HOLDINGS INC	30,000	$1,636	0.1%	$46.44	+10.6%	CALL	090043100
EPAM	EPAM SYS INC	7,169	$1,469	0.1%	$178.28	0.0%	COM	29414B104
TRI	THOMSON REUTERS CORP	7,787	$1,027	0.0%	$141.15	0.0%	COM	884903808
ETOR	ETORO GROUP LTD	27,000	$949	0.0%	$64.04	-39.7%	CALL	G32089107
WEX	WEX INC	5,415	$807	0.0%	$150.68	0.0%	COM	96208T104
WBS	WEBSTER FINL CORP	12,550	$790	0.0%	$59.37	0.0%	COM	947890109
MIAX	MIAMI INTL HLDGS INC	17,188	$763	0.0%	$44.60	0.0%	COM	59356Q108
FAF	FIRST AMERN FINL CORP	10,819	$665	0.0%	$62.32	0.0%	COM	31847R102
FOUR	SHIFT4 PMTS INC	10,498	$661	0.0%	$70.65	0.0%	CL A	82452J109
KLAR	KLARNA GROUP PLC	21,764	$629	0.0%	$34.34	0.0%	SHS	G5279N105
AAP	ADVANCE AUTO PARTS INC	12,966	$510	0.0%	$49.80	0.0%	COM	00751Y106
SHOP	SHOPIFY INC	2,815	$453	0.0%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
CHYM	CHIME FINL INC	15,739	$396	0.0%	$21.24	0.0%	COM SHS CL A	16935C109
DLTR	DOLLAR TREE INC	2,424	$298	0.0%	$107.15	0.0%	COM	256746108
FIVE	FIVE BELOW INC	1,395	$263	0.0%	$162.56	0.0%	COM	33829M101
MET	METLIFE INC	2,753	$217	0.0%	$78.93	0.0%	COM	59156R108

Increased Positions (34)

SCHW SCHWAB CHARLES CORP 3.4%

Value ($000) $95,031 (+115.6%) Shares 951,165 (+106.1%) Est. Cost $94.64 Unrealized +0.1%

MA MASTERCARD INCORPORATED 3.4%

Value ($000) $94,615 (+110.7%) Shares 165,735 (+110.0%) Est. Cost $532.46 Unrealized +5.0%

C CITIGROUP INC 4.7%

Value ($000) $130,215 (+37.5%) Shares 1,115,903 (+19.6%) Est. Cost $58.70 Unrealized +76.5%

HD HOME DEPOT INC 1.2%

Value ($000) $34,003 (+454.9%) Shares 98,818 (+553.4%) Est. Cost $368.35 Unrealized -1.0%

ACN ACCENTURE PLC IRELAND 0.7%

Value ($000) $18,130 (+5294.0%) Shares 67,574 (+4857.7%) Est. Cost $256.04 Unrealized -0.8%

CBOE CBOE GLOBAL MKTS INC 0.5%

Value ($000) $15,064 (+2252.5%) Shares 60,017 (+2198.6%) Est. Cost $248.37 Unrealized +0.1%

AIG AMERICAN INTL GROUP INC 2.3%

Value ($000) $63,761 (+28.2%) Shares 745,309 (+17.7%) Est. Cost $68.85 Unrealized +15.7%

AFL AFLAC INC 0.8%

Value ($000) $21,777 (+173.5%) Shares 197,485 (+177.1%) Est. Cost $107.60 Unrealized +2.1%

BLK BLACKROCK INC 9.0%

Value ($000) $248,413 (-4.9%) Shares 232,088 (+3.6%) Est. Cost $995.23 Unrealized +9.5%

VOYA VOYA FINANCIAL INC 0.5%

Value ($000) $14,591 (+494.5%) Shares 195,873 (+497.0%) Est. Cost $72.62 Unrealized -0.1%

AMP AMERIPRISE FINL INC 3.7%

Value ($000) $101,496 (+13.2%) Shares 206,992 (+13.4%) Est. Cost $505.86 Unrealized -6.3%

CSGP COSTAR GROUP INC 0.8%

Value ($000) $21,306 (+51.7%) Shares 316,860 (+90.3%) Est. Cost $77.71 Unrealized -8.8%

EG EVEREST GROUP LTD 0.5%

Value ($000) $13,678 (+111.9%) Shares 40,305 (+118.7%) Est. Cost $331.31 Unrealized -0.3%

LEN LENNAR CORP 1.6%

Value ($000) $44,423 (-10.3%) Shares 432,132 (+9.9%) Est. Cost $110.75 Unrealized +9.0%

EQH EQUITABLE HLDGS INC 0.6%

Value ($000) $15,438 (+44.9%) Shares 323,978 (+54.4%) Est. Cost $50.01 Unrealized -5.5%

WCN WASTE CONNECTIONS INC 0.6%

Value ($000) $17,038 (+31.8%) Shares 97,159 (+32.2%) Est. Cost $180.59 Unrealized -4.3%

IBKR INTERACTIVE BROKERS GROUP IN 0.9%

Value ($000) $25,294 (+19.1%) Shares 393,318 (+27.5%) Est. Cost $51.58 Unrealized +29.7%

CRM SALESFORCE INC 0.2%

Value ($000) $4,623 (+334.0%) Shares 17,450 (+288.3%) Est. Cost $249.01 Unrealized -0.3%

HCA HCA HEALTHCARE INC 0.1%

Value ($000) $3,921 (+282.5%) Shares 8,398 (+249.2%) Est. Cost $441.59 Unrealized +5.0%

ADBE ADOBE INC 0.1%

Value ($000) $3,605 (+307.5%) Shares 10,301 (+310.7%) Est. Cost $344.63 Unrealized -1.3%

RKT ROCKET COS INC 0.3%

Value ($000) $8,009 (+45.1%) Shares 413,673 (+45.2%) Est. Cost $15.37 Unrealized +16.3%

UWMC UWM HOLDINGS CORPORATION 0.1%

Value ($000) $1,939 (+2391.3%) Shares 442,651 (+3363.9%) Est. Cost $5.35 Unrealized +0.5%

BEN FRANKLIN RESOURCES INC 0.8%

Value ($000) $21,620 (+8.6%) Shares 904,970 (+5.1%) Est. Cost $22.26 Unrealized +1.8%

IRM IRON MTN INC DEL 0.1%

Value ($000) $2,579 (+144.2%) Shares 31,092 (+200.1%) Est. Cost $92.15 Unrealized +0.7%

XYZ BLOCK INC 0.1%

Value ($000) $2,315 (+92.0%) Shares 35,559 (+113.2%) Est. Cost $70.83 Unrealized -2.6%

STEP STEPSTONE GROUP INC 0.3%

Value ($000) $8,356 (+15.2%) Shares 130,221 (+17.2%) Est. Cost $59.38 Unrealized +6.5%

VIRT VIRTU FINL INC 0.1%

Value ($000) $3,725 (+29.6%) Shares 111,782 (+38.1%) Est. Cost $38.27 Unrealized -10.6%

TOL TOLL BROTHERS INC 0.8%

Value ($000) $22,290 (+3.7%) Shares 164,841 (+6.0%) Est. Cost $120.94 Unrealized +12.2%

PRI PRIMERICA INC 0.6%

Value ($000) $17,778 (-4.3%) Shares 68,810 (+2.8%) Est. Cost $274.37 Unrealized -4.9%

FDS FACTSET RESH SYS INC 0.0%

Value ($000) $1,277 (+55.3%) Shares 4,401 (+53.3%) Est. Cost $345.04 Unrealized -18.8%

ARMK ARAMARK 0.1%

Value ($000) $2,016 (+15.9%) Shares 54,691 (+20.8%) Est. Cost $39.79 Unrealized -4.7%

JEF JEFFERIES FINL GROUP INC 0.2%

Value ($000) $5,774 (-4.3%) Shares 93,171 (+1.1%) Est. Cost $50.78 Unrealized +11.6%

BURL BURLINGTON STORES INC 0.0%

Value ($000) $465 (+35.7%) Shares 1,609 (+19.5%) Est. Cost $271.57 Unrealized -0.1%

TGT TARGET CORP 0.0%

Value ($000) $428 (+21.8%) Shares 4,379 (+11.8%) Est. Cost $119.27 Unrealized -23.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHW	SCHWAB CHARLES CORP	951,165 (+106.1%)	$95,031 (+115.6%)	3.4%	$94.64	+0.1%	COM	808513105
MA	MASTERCARD INCORPORATED	165,735 (+110.0%)	$94,615 (+110.7%)	3.4%	$532.46	+5.0%	CL A	57636Q104
C	CITIGROUP INC	1,115,903 (+19.6%)	$130,215 (+37.5%)	4.7%	$58.70	+76.5%	COM NEW	172967424
HD	HOME DEPOT INC	98,818 (+553.4%)	$34,003 (+454.9%)	1.2%	$368.35	-1.0%	COM	437076102
ACN	ACCENTURE PLC IRELAND	67,574 (+4857.7%)	$18,130 (+5294.0%)	0.7%	$256.04	-0.8%	SHS CLASS A	G1151C101
CBOE	CBOE GLOBAL MKTS INC	60,017 (+2198.6%)	$15,064 (+2252.5%)	0.5%	$248.37	+0.1%	COM	12503M108
AIG	AMERICAN INTL GROUP INC	745,309 (+17.7%)	$63,761 (+28.2%)	2.3%	$68.85	+15.7%	COM NEW	026874784
AFL	AFLAC INC	197,485 (+177.1%)	$21,777 (+173.5%)	0.8%	$107.60	+2.1%	COM	001055102
BLK	BLACKROCK INC	232,088 (+3.6%)	$248,413 (-4.9%)	9.0%	$995.23	+9.5%	COM	09290D101
VOYA	VOYA FINANCIAL INC	195,873 (+497.0%)	$14,591 (+494.5%)	0.5%	$72.62	-0.1%	COM	929089100
AMP	AMERIPRISE FINL INC	206,992 (+13.4%)	$101,496 (+13.2%)	3.7%	$505.86	-6.3%	COM	03076C106
CSGP	COSTAR GROUP INC	316,860 (+90.3%)	$21,306 (+51.7%)	0.8%	$77.71	-8.8%	COM	22160N109
EG	EVEREST GROUP LTD	40,305 (+118.7%)	$13,678 (+111.9%)	0.5%	$331.31	-0.3%	COM	G3223R108
LEN	LENNAR CORP	432,132 (+9.9%)	$44,423 (-10.3%)	1.6%	$110.75	+9.0%	CL A	526057104
EQH	EQUITABLE HLDGS INC	323,978 (+54.4%)	$15,438 (+44.9%)	0.6%	$50.01	-5.5%	COM	29452E101
WCN	WASTE CONNECTIONS INC	97,159 (+32.2%)	$17,038 (+31.8%)	0.6%	$180.59	-4.3%	COM	94106B101
IBKR	INTERACTIVE BROKERS GROUP IN	393,318 (+27.5%)	$25,294 (+19.1%)	0.9%	$51.58	+29.7%	COM CL A	45841N107
CRM	SALESFORCE INC	17,450 (+288.3%)	$4,623 (+334.0%)	0.2%	$249.01	-0.3%	COM	79466L302
HCA	HCA HEALTHCARE INC	8,398 (+249.2%)	$3,921 (+282.5%)	0.1%	$441.59	+5.0%	COM	40412C101
ADBE	ADOBE INC	10,301 (+310.7%)	$3,605 (+307.5%)	0.1%	$344.63	-1.3%	COM	00724F101
RKT	ROCKET COS INC	413,673 (+45.2%)	$8,009 (+45.1%)	0.3%	$15.37	+16.3%	COM CL A	77311W101
UWMC	UWM HOLDINGS CORPORATION	442,651 (+3363.9%)	$1,939 (+2391.3%)	0.1%	$5.35	+0.5%	COM CL A	91823B109
BEN	FRANKLIN RESOURCES INC	904,970 (+5.1%)	$21,620 (+8.6%)	0.8%	$22.26	+1.8%	COM	354613101
IRM	IRON MTN INC DEL	31,092 (+200.1%)	$2,579 (+144.2%)	0.1%	$92.15	+0.7%	COM	46284V101
XYZ	BLOCK INC	35,559 (+113.2%)	$2,315 (+92.0%)	0.1%	$70.83	-2.6%	CL A	852234103
STEP	STEPSTONE GROUP INC	130,221 (+17.2%)	$8,356 (+15.2%)	0.3%	$59.38	+6.5%	COM CL A	85914M107
VIRT	VIRTU FINL INC	111,782 (+38.1%)	$3,725 (+29.6%)	0.1%	$38.27	-10.6%	CL A	928254101
TOL	TOLL BROTHERS INC	164,841 (+6.0%)	$22,290 (+3.7%)	0.8%	$120.94	+12.2%	COM	889478103
PRI	PRIMERICA INC	68,810 (+2.8%)	$17,778 (-4.3%)	0.6%	$274.37	-4.9%	COM	74164M108
FDS	FACTSET RESH SYS INC	4,401 (+53.3%)	$1,277 (+55.3%)	0.0%	$345.04	-18.8%	COM	303075105
ARMK	ARAMARK	54,691 (+20.8%)	$2,016 (+15.9%)	0.1%	$39.79	-4.7%	COM	03852U106
JEF	JEFFERIES FINL GROUP INC	93,171 (+1.1%)	$5,774 (-4.3%)	0.2%	$50.78	+11.6%	COM	47233W109
BURL	BURLINGTON STORES INC	1,609 (+19.5%)	$465 (+35.7%)	0.0%	$271.57	-0.1%	COM	122017106
TGT	TARGET CORP	4,379 (+11.8%)	$428 (+21.8%)	0.0%	$119.27	-23.2%	COM	87612E106

Exited Positions (31)

GS GOLDMAN SACHS GROUP INC 2.4%

Value ($000) $65,198 Shares 81,871 Est. Cost $619.08 Unrealized +31.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.5%

Value ($000) $41,240 Shares 82,030 Est. Cost $484.36 Unrealized +2.7%

PFG PRINCIPAL FINANCIAL GROUP IN 0.7%

Value ($000) $20,009 Shares 241,339 Est. Cost $74.81 Unrealized +12.1%

OWL BLUE OWL CAPITAL INC 0.7%

Value ($000) $19,496 Shares 1,151,566 Est. Cost $18.59 Unrealized -15.9%

PRU PRUDENTIAL FINL INC 0.7%

Value ($000) $18,205 Shares 175,490 Est. Cost $103.23 Unrealized +3.2%

CRBG COREBRIDGE FINL INC 0.6%

Value ($000) $16,668 Shares 520,077 Est. Cost $33.71 Unrealized -9.4%

NTRS NORTHERN TR CORP 0.6%

Value ($000) $15,893 Shares 118,074 Est. Cost $95.51 Unrealized +36.9%

FNF FIDELITY NATIONAL FINANCIAL 0.5%

Value ($000) $13,418 Shares 221,818 Est. Cost $54.97 Unrealized -0.4%

HLI HOULIHAN LOKEY INC 0.5%

Value ($000) $12,637 Shares 61,549 Est. Cost $191.67 Unrealized -4.5%

AIZ ASSURANT INC 0.3%

Value ($000) $9,237 Shares 42,645 Est. Cost $194.44 Unrealized +14.6%

CG CARLYLE GROUP INC 0.3%

Value ($000) $8,788 Shares 140,153 Est. Cost $42.13 Unrealized +33.6%

V VISA INC 0.3%

Value ($000) $8,458 Shares 24,775 Est. Cost $345.14 Unrealized -1.4%

MKL MARKEL GROUP INC 0.2%

Value ($000) $6,051 Shares 3,166 Est. Cost $1629.88 Unrealized +24.3%

COF CAPITAL ONE FINL CORP 0.2%

Value ($000) $5,860 Shares 27,565 Est. Cost $214.72 Unrealized +3.5%

MOH MOLINA HEALTHCARE INC 0.2%

Value ($000) $5,242 Shares 27,394 Est. Cost $184.06 Unrealized -10.7%

JHG JANUS HENDERSON GROUP PLC 0.2%

Value ($000) $5,177 Shares 116,319 Est. Cost $42.42 Unrealized +4.3%

TROW PRICE T ROWE GROUP INC 0.2%

Value ($000) $4,939 Shares 48,124 Est. Cost $102.81 Unrealized -0.6%

ORCL ORACLE CORP 0.1%

Value ($000) $2,920 Shares 10,383 Est. Cost $132.68 Unrealized +79.4%

LPLA LPL FINL HLDGS INC 0.1%

Value ($000) $2,863 Shares 8,607 Est. Cost $356.57 Unrealized -0.8%

MCO MOODYS CORP 0.1%

Value ($000) $2,751 Shares 5,774 Est. Cost $461.00 Unrealized +5.7%

FHI FEDERATED HERMES INC 0.1%

Value ($000) $2,597 Shares 50,000 Est. Cost — Unrealized —

RJF RAYMOND JAMES FINL INC 0.1%

Value ($000) $2,589 Shares 15,000 Est. Cost $160.93 Unrealized 0.0%

AVB AVALONBAY CMNTYS INC 0.1%

Value ($000) $2,012 Shares 10,417 Est. Cost $191.17 Unrealized -6.0%

RDN RADIAN GROUP INC 0.1%

Value ($000) $1,979 Shares 54,632 Est. Cost $34.42 Unrealized +1.0%

FTDR FRONTDOOR INC 0.1%

Value ($000) $1,762 Shares 26,187 Est. Cost $60.88 Unrealized -3.4%

TJX TJX COS INC NEW 0.0%

Value ($000) $671 Shares 4,639 Est. Cost $132.28 Unrealized +11.7%

MQ MARQETA INC 0.0%

Value ($000) $535 Shares 101,319 Est. Cost $4.92 Unrealized -2.4%

FHN FIRST HORIZON CORPORATION 0.0%

Value ($000) $516 Shares 22,821 Est. Cost $20.09 Unrealized +10.4%

GPC GENUINE PARTS CO 0.0%

Value ($000) $350 Shares 2,527 Est. Cost $132.40 Unrealized -2.8%

BFH BREAD FINANCIAL HOLDINGS INC 0.0%

Value ($000) $278 Shares 4,986 Est. Cost $61.40 Unrealized +6.9%

TW TRADEWEB MKTS INC 0.0%

Value ($000) $245 Shares 2,207 Est. Cost $128.54 Unrealized -16.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GS	GOLDMAN SACHS GROUP INC	81,871	$65,198	2.4%	$619.08	+31.4%	—	38141G104
BRK/B	BERKSHIRE HATHAWAY INC DEL	82,030	$41,240	1.5%	$484.36	+2.7%	—	084670702
PFG	PRINCIPAL FINANCIAL GROUP IN	241,339	$20,009	0.7%	$74.81	+12.1%	—	74251V102
OWL	BLUE OWL CAPITAL INC	1,151,566	$19,496	0.7%	$18.59	-15.9%	—	09581B103
PRU	PRUDENTIAL FINL INC	175,490	$18,205	0.7%	$103.23	+3.2%	—	744320102
CRBG	COREBRIDGE FINL INC	520,077	$16,668	0.6%	$33.71	-9.4%	—	21871X109
NTRS	NORTHERN TR CORP	118,074	$15,893	0.6%	$95.51	+36.9%	—	665859104
FNF	FIDELITY NATIONAL FINANCIAL	221,818	$13,418	0.5%	$54.97	-0.4%	—	31620R303
HLI	HOULIHAN LOKEY INC	61,549	$12,637	0.5%	$191.67	-4.5%	—	441593100
AIZ	ASSURANT INC	42,645	$9,237	0.3%	$194.44	+14.6%	—	04621X108
CG	CARLYLE GROUP INC	140,153	$8,788	0.3%	$42.13	+33.6%	—	14316J108
V	VISA INC	24,775	$8,458	0.3%	$345.14	-1.4%	—	92826C839
MKL	MARKEL GROUP INC	3,166	$6,051	0.2%	$1629.88	+24.3%	—	570535104
COF	CAPITAL ONE FINL CORP	27,565	$5,860	0.2%	$214.72	+3.5%	—	14040H105
MOH	MOLINA HEALTHCARE INC	27,394	$5,242	0.2%	$184.06	-10.7%	—	60855R100
JHG	JANUS HENDERSON GROUP PLC	116,319	$5,177	0.2%	$42.42	+4.3%	—	G4474Y214
TROW	PRICE T ROWE GROUP INC	48,124	$4,939	0.2%	$102.81	-0.6%	—	74144T108
ORCL	ORACLE CORP	10,383	$2,920	0.1%	$132.68	+79.4%	—	68389X105
LPLA	LPL FINL HLDGS INC	8,607	$2,863	0.1%	$356.57	-0.8%	—	50212V100
MCO	MOODYS CORP	5,774	$2,751	0.1%	$461.00	+5.7%	—	615369105
FHI	FEDERATED HERMES INC	50,000	$2,597	0.1%	—	—	CALL	314211103
RJF	RAYMOND JAMES FINL INC	15,000	$2,589	0.1%	$160.93	0.0%	CALL	754730109
AVB	AVALONBAY CMNTYS INC	10,417	$2,012	0.1%	$191.17	-6.0%	—	053484101
RDN	RADIAN GROUP INC	54,632	$1,979	0.1%	$34.42	+1.0%	—	750236101
FTDR	FRONTDOOR INC	26,187	$1,762	0.1%	$60.88	-3.4%	—	35905A109
TJX	TJX COS INC NEW	4,639	$671	0.0%	$132.28	+11.7%	—	872540109
MQ	MARQETA INC	101,319	$535	0.0%	$4.92	-2.4%	—	57142B104
FHN	FIRST HORIZON CORPORATION	22,821	$516	0.0%	$20.09	+10.4%	—	320517105
GPC	GENUINE PARTS CO	2,527	$350	0.0%	$132.40	-2.8%	—	372460105
BFH	BREAD FINANCIAL HOLDINGS INC	4,986	$278	0.0%	$61.40	+6.9%	—	018581108
TW	TRADEWEB MKTS INC	2,207	$245	0.0%	$128.54	-16.5%	—	892672106

Decreased Positions (44)

CB CHUBB LIMITED 2.7%

Value ($000) $75,341 (-47.7%) Shares 241,386 (-52.7%) Est. Cost $279.54 Unrealized +4.6%

AON AON PLC 2.0%

Value ($000) $55,105 (-54.6%) Shares 156,157 (-54.1%) Est. Cost $354.16 Unrealized -1.4%

KKR KKR & CO INC 0.4%

Value ($000) $10,239 (-86.5%) Shares 80,317 (-86.3%) Est. Cost $140.76 Unrealized -11.7%

INTU INTUIT 0.1%

Value ($000) $1,841 (-96.3%) Shares 2,779 (-96.2%) Est. Cost $715.31 Unrealized -7.6%

BRO BROWN & BROWN INC 1.7%

Value ($000) $47,533 (-46.1%) Shares 596,403 (-36.6%) Est. Cost $108.13 Unrealized -22.9%

ICE INTERCONTINENTAL EXCHANGE IN 2.0%

Value ($000) $54,572 (-42.6%) Shares 336,946 (-40.3%) Est. Cost $143.04 Unrealized +9.2%

ALL ALLSTATE CORP 1.5%

Value ($000) $41,772 (-47.3%) Shares 200,684 (-45.7%) Est. Cost $188.87 Unrealized +8.1%

NDAQ NASDAQ INC 2.9%

Value ($000) $79,254 (-27.6%) Shares 815,963 (-34.1%) Est. Cost $77.79 Unrealized +15.4%

RGA REINSURANCE GRP OF AMERICA I 1.0%

Value ($000) $27,781 (-51.8%) Shares 136,545 (-54.5%) Est. Cost $177.50 Unrealized +9.0%

BJ BJS WHSL CLUB HLDGS INC 0.0%

Value ($000) $267 (-99.1%) Shares 2,969 (-99.0%) Est. Cost $103.73 Unrealized -11.5%

USB US BANCORP DEL 3.5%

Value ($000) $97,661 (-19.8%) Shares 1,830,228 (-27.3%) Est. Cost $38.30 Unrealized +27.2%

PAYX PAYCHEX INC 0.0%

Value ($000) $299 (-98.4%) Shares 2,667 (-98.2%) Est. Cost $138.99 Unrealized -16.2%

FIS FIDELITY NATL INFORMATION SV 0.9%

Value ($000) $24,982 (-37.5%) Shares 375,898 (-38.0%) Est. Cost $70.46 Unrealized -6.8%

CFG CITIZENS FINL GROUP INC 2.0%

Value ($000) $56,319 (-19.2%) Shares 964,207 (-26.5%) Est. Cost $41.51 Unrealized +29.1%

SF STIFEL FINL CORP 0.9%

Value ($000) $25,324 (-33.4%) Shares 202,235 (-39.7%) Est. Cost $104.95 Unrealized +14.0%

IVZ INVESCO LTD 0.4%

Value ($000) $10,652 (-53.5%) Shares 405,485 (-59.4%) Est. Cost $19.25 Unrealized +26.3%

ELV ELEVANCE HEALTH INC FORMERLY 0.2%

Value ($000) $4,456 (-73.3%) Shares 12,711 (-75.4%) Est. Cost $323.86 Unrealized +4.0%

GPN GLOBAL PMTS INC 0.9%

Value ($000) $24,750 (-28.7%) Shares 319,767 (-23.5%) Est. Cost $92.39 Unrealized -13.1%

CTAS CINTAS CORP 0.2%

Value ($000) $5,437 (-62.0%) Shares 28,907 (-58.5%) Est. Cost $212.83 Unrealized -11.6%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value ($000) $890 (-89.4%) Shares 10,724 (-91.4%) Est. Cost $75.34 Unrealized -0.9%

BAC BANK AMERICA CORP 5.9%

Value ($000) $162,275 (+4.8%) Shares 2,950,460 (-1.7%) Est. Cost $40.68 Unrealized +29.5%

KEY KEYCORP 2.6%

Value ($000) $70,328 (-9.0%) Shares 3,407,387 (-17.6%) Est. Cost $14.87 Unrealized +24.4%

SEIC SEI INVTS CO 1.9%

Value ($000) $53,409 (-11.5%) Shares 651,166 (-8.5%) Est. Cost $77.54 Unrealized +5.4%

ALLY ALLY FINL INC 0.0%

Value ($000) $864 (-87.7%) Shares 19,076 (-89.3%) Est. Cost $37.36 Unrealized +9.2%

SPG SIMON PPTY GROUP INC NEW 0.7%

Value ($000) $18,298 (-25.0%) Shares 98,848 (-24.0%) Est. Cost $139.79 Unrealized +28.8%

SSNC SS&C TECHNOLOGIES HLDGS INC 1.2%

Value ($000) $34,365 (-13.9%) Shares 393,103 (-12.6%) Est. Cost $78.43 Unrealized +8.7%

JLL JONES LANG LASALLE INC 0.4%

Value ($000) $9,926 (-34.0%) Shares 29,499 (-41.5%) Est. Cost $240.18 Unrealized +30.5%

MKTX MARKETAXESS HLDGS INC 0.3%

Value ($000) $7,245 (-32.2%) Shares 39,971 (-34.8%) Est. Cost $217.82 Unrealized -22.2%

CPAY CORPAY INC 0.6%

Value ($000) $17,579 (-14.1%) Shares 58,415 (-17.8%) Est. Cost $318.77 Unrealized -8.9%

INVH INVITATION HOMES INC 0.6%

Value ($000) $15,731 (-14.9%) Shares 566,078 (-10.2%) Est. Cost $31.28 Unrealized -11.6%

TPG TPG INC 0.1%

Value ($000) $3,022 (-46.5%) Shares 47,337 (-51.9%) Est. Cost $59.03 Unrealized -0.0%

AFG AMERICAN FINL GROUP INC OHIO 0.0%

Value ($000) $610 (-79.0%) Shares 4,462 (-77.6%) Est. Cost $120.75 Unrealized +10.6%

TFC TRUIST FINL CORP 4.5%

Value ($000) $123,007 (+1.6%) Shares 2,499,631 (-5.6%) Est. Cost $35.93 Unrealized +27.5%

CPRT COPART INC 0.0%

Value ($000) $1,310 (-49.9%) Shares 33,461 (-42.4%) Est. Cost $55.47 Unrealized -25.2%

NSP INSPERITY INC 0.1%

Value ($000) $3,510 (-23.5%) Shares 90,641 (-2.8%) Est. Cost $62.17 Unrealized -36.6%

GFL GFL ENVIRONMENTAL INC 0.1%

Value ($000) $1,503 (-38.4%) Shares 34,995 (-32.0%) Est. Cost $47.17 Unrealized -5.3%

RNR RENAISSANCERE HLDGS LTD 0.2%

Value ($000) $6,712 (-11.8%) Shares 23,871 (-20.4%) Est. Cost $242.28 Unrealized +8.6%

BGC BGC GROUP INC 0.0%

Value ($000) $586 (-53.1%) Shares 65,612 (-50.3%) Est. Cost $8.81 Unrealized +2.1%

DG DOLLAR GEN CORP NEW 0.0%

Value ($000) $463 (-44.9%) Shares 3,488 (-57.1%) Est. Cost $108.94 Unrealized +2.4%

ETOR ETORO GROUP LTD 0.0%

Value ($000) $375 (-43.0%) Shares 10,663 (-33.0%) Est. Cost $64.04 Unrealized -39.7%

ORLY OREILLY AUTOMOTIVE INC 0.0%

Value ($000) $301 (-42.3%) Shares 3,301 (-31.8%) Est. Cost $100.52 Unrealized -2.8%

ZION ZIONS BANCORPORATION N A 0.0%

Value ($000) $621 (-23.4%) Shares 10,616 (-25.9%) Est. Cost $52.72 Unrealized +3.3%

BILL BILL HOLDINGS INC 0.0%

Value ($000) $441 (-24.5%) Shares 8,091 (-26.7%) Est. Cost $46.44 Unrealized +10.6%

EVR EVERCORE INC 0.3%

Value ($000) $7,502 (-0.8%) Shares 22,049 (-1.6%) Est. Cost $218.31 Unrealized +47.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CB	CHUBB LIMITED	241,386 (-52.7%)	$75,341 (-47.7%)	2.7%	$279.54	+4.6%	COM	H1467J104
AON	AON PLC	156,157 (-54.1%)	$55,105 (-54.6%)	2.0%	$354.16	-1.4%	SHS CL A	G0403H108
KKR	KKR & CO INC	80,317 (-86.3%)	$10,239 (-86.5%)	0.4%	$140.76	-11.7%	COM	48251W104
INTU	INTUIT	2,779 (-96.2%)	$1,841 (-96.3%)	0.1%	$715.31	-7.6%	COM	461202103
BRO	BROWN & BROWN INC	596,403 (-36.6%)	$47,533 (-46.1%)	1.7%	$108.13	-22.9%	COM	115236101
ICE	INTERCONTINENTAL EXCHANGE IN	336,946 (-40.3%)	$54,572 (-42.6%)	2.0%	$143.04	+9.2%	COM	45866F104
ALL	ALLSTATE CORP	200,684 (-45.7%)	$41,772 (-47.3%)	1.5%	$188.87	+8.1%	COM	020002101
NDAQ	NASDAQ INC	815,963 (-34.1%)	$79,254 (-27.6%)	2.9%	$77.79	+15.4%	COM	631103108
RGA	REINSURANCE GRP OF AMERICA I	136,545 (-54.5%)	$27,781 (-51.8%)	1.0%	$177.50	+9.0%	COM NEW	759351604
BJ	BJS WHSL CLUB HLDGS INC	2,969 (-99.0%)	$267 (-99.1%)	0.0%	$103.73	-11.5%	COM	05550J101
USB	US BANCORP DEL	1,830,228 (-27.3%)	$97,661 (-19.8%)	3.5%	$38.30	+27.2%	COM NEW	902973304
PAYX	PAYCHEX INC	2,667 (-98.2%)	$299 (-98.4%)	0.0%	$138.99	-16.2%	COM	704326107
FIS	FIDELITY NATL INFORMATION SV	375,898 (-38.0%)	$24,982 (-37.5%)	0.9%	$70.46	-6.8%	COM	31620M106
CFG	CITIZENS FINL GROUP INC	964,207 (-26.5%)	$56,319 (-19.2%)	2.0%	$41.51	+29.1%	COM	174610105
SF	STIFEL FINL CORP	202,235 (-39.7%)	$25,324 (-33.4%)	0.9%	$104.95	+14.0%	COM	860630102
IVZ	INVESCO LTD	405,485 (-59.4%)	$10,652 (-53.5%)	0.4%	$19.25	+26.3%	SHS	G491BT108
ELV	ELEVANCE HEALTH INC FORMERLY	12,711 (-75.4%)	$4,456 (-73.3%)	0.2%	$323.86	+4.0%	COM	036752103
GPN	GLOBAL PMTS INC	319,767 (-23.5%)	$24,750 (-28.7%)	0.9%	$92.39	-13.1%	COM	37940X102
CTAS	CINTAS CORP	28,907 (-58.5%)	$5,437 (-62.0%)	0.2%	$212.83	-11.6%	COM	172908105
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	10,724 (-91.4%)	$890 (-89.4%)	0.0%	$75.34	-0.9%	CL A	192446102
BAC	BANK AMERICA CORP	2,950,460 (-1.7%)	$162,275 (+4.8%)	5.9%	$40.68	+29.5%	COM	060505104
KEY	KEYCORP	3,407,387 (-17.6%)	$70,328 (-9.0%)	2.6%	$14.87	+24.4%	COM	493267108
SEIC	SEI INVTS CO	651,166 (-8.5%)	$53,409 (-11.5%)	1.9%	$77.54	+5.4%	COM	784117103
ALLY	ALLY FINL INC	19,076 (-89.3%)	$864 (-87.7%)	0.0%	$37.36	+9.2%	COM	02005N100
SPG	SIMON PPTY GROUP INC NEW	98,848 (-24.0%)	$18,298 (-25.0%)	0.7%	$139.79	+28.8%	COM	828806109
SSNC	SS&C TECHNOLOGIES HLDGS INC	393,103 (-12.6%)	$34,365 (-13.9%)	1.2%	$78.43	+8.7%	COM	78467J100
JLL	JONES LANG LASALLE INC	29,499 (-41.5%)	$9,926 (-34.0%)	0.4%	$240.18	+30.5%	COM	48020Q107
MKTX	MARKETAXESS HLDGS INC	39,971 (-34.8%)	$7,245 (-32.2%)	0.3%	$217.82	-22.2%	COM	57060D108
CPAY	CORPAY INC	58,415 (-17.8%)	$17,579 (-14.1%)	0.6%	$318.77	-8.9%	COM SHS	219948106
INVH	INVITATION HOMES INC	566,078 (-10.2%)	$15,731 (-14.9%)	0.6%	$31.28	-11.6%	COM	46187W107
TPG	TPG INC	47,337 (-51.9%)	$3,022 (-46.5%)	0.1%	$59.03	-0.0%	COM CL A	872657101
AFG	AMERICAN FINL GROUP INC OHIO	4,462 (-77.6%)	$610 (-79.0%)	0.0%	$120.75	+10.6%	COM	025932104
TFC	TRUIST FINL CORP	2,499,631 (-5.6%)	$123,007 (+1.6%)	4.5%	$35.93	+27.5%	COM	89832Q109
CPRT	COPART INC	33,461 (-42.4%)	$1,310 (-49.9%)	0.0%	$55.47	-25.2%	COM	217204106
NSP	INSPERITY INC	90,641 (-2.8%)	$3,510 (-23.5%)	0.1%	$62.17	-36.6%	COM	45778Q107
GFL	GFL ENVIRONMENTAL INC	34,995 (-32.0%)	$1,503 (-38.4%)	0.1%	$47.17	-5.3%	SUB VTG SHS	36168Q104
RNR	RENAISSANCERE HLDGS LTD	23,871 (-20.4%)	$6,712 (-11.8%)	0.2%	$242.28	+8.6%	COM	G7496G103
BGC	BGC GROUP INC	65,612 (-50.3%)	$586 (-53.1%)	0.0%	$8.81	+2.1%	CL A	088929104
DG	DOLLAR GEN CORP NEW	3,488 (-57.1%)	$463 (-44.9%)	0.0%	$108.94	+2.4%	COM	256677105
ETOR	ETORO GROUP LTD	10,663 (-33.0%)	$375 (-43.0%)	0.0%	$64.04	-39.7%	SHS CL A	G32089107
ORLY	OREILLY AUTOMOTIVE INC	3,301 (-31.8%)	$301 (-42.3%)	0.0%	$100.52	-2.8%	COM	67103H107
ZION	ZIONS BANCORPORATION N A	10,616 (-25.9%)	$621 (-23.4%)	0.0%	$52.72	+3.3%	COM	989701107
BILL	BILL HOLDINGS INC	8,091 (-26.7%)	$441 (-24.5%)	0.0%	$46.44	+10.6%	COM	090043100
EVR	EVERCORE INC	22,049 (-1.6%)	$7,502 (-0.8%)	0.3%	$218.31	+47.0%	CLASS A	29977A105

Unchanged Positions (1)

LOW LOWES COS INC 2.5%

Value ($000) $69,633 Shares 288,743 Est. Cost $247.27 Unrealized -3.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LOW	LOWES COS INC	288,743	$69,633	2.5%	$247.27	-3.0%	COM	548661107