Nan Shan Life Insurance Co., Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	99,701 (+318.9%)	$52,103 (+349.8%)	1.6%	$494.87	-0.1%	COM	78409V104
NFLX	NETFLIX INC	810,170 (+935.4%)	$75,962 (-19.0%)	2.3%	$105.78	+1.9%	COM	64110L106
NOW	SERVICENOW INC	514,260 (+400.0%)	$78,779 (-16.8%)	2.4%	$174.83	-1.9%	COM	81762P102
V	VISA INC	357,317 (+7.5%)	$125,315 (+10.5%)	3.9%	$345.77	-1.6%	COM CL A	92826C839
QCOM	QUALCOMM INC	798,331 (+5.9%)	$136,555 (+8.9%)	4.2%	$164.23	+4.0%	COM	747525103
MRVL	MARVELL TECHNOLOGY INC	496,646 (+26.1%)	$42,205 (+27.5%)	1.3%	$82.68	+5.8%	COM	573874104
META	META PLATFORMS INC	129,824 (+4.6%)	$85,696 (-6.0%)	2.6%	$736.61	-9.4%	CL A	30303M102
RACE	FERRARI N V	40,716 (+6.5%)	$15,172 (-17.9%)	0.5%	$459.49	-12.9%	COM	N3167Y103
TXN	TEXAS INSTRS INC	254,809 (+12.3%)	$44,207 (+6.1%)	1.4%	$187.03	-8.7%	COM	882508104
PG	PROCTER AND GAMBLE CO	276,626 (+2.6%)	$39,643 (-4.3%)	1.2%	$159.53	-7.7%	COM	742718109

Exited Positions (21)

IGV ISHARES TR 2.2%

Value ($000) $72,172 Shares 627,527 Est. Cost $98.62 Unrealized —

QQQ INVESCO QQQ TR 1.8%

Value ($000) $58,366 Shares 97,217 Est. Cost $530.95 Unrealized —

SMH VANECK ETF TRUST 1.8%

Value ($000) $57,615 Shares 176,537 Est. Cost $291.93 Unrealized —

CME CME GROUP INC 1.4%

Value ($000) $44,506 Shares 164,720 Est. Cost $260.14 Unrealized +4.1%

VOO VANGUARD INDEX FDS 1.3%

Value ($000) $42,442 Shares 69,306 Est. Cost $540.79 Unrealized —

AMAT APPLIED MATLS INC 1.2%

Value ($000) $39,299 Shares 191,946 Est. Cost $195.25 Unrealized +22.7%

VPU VANGUARD WORLD FD 0.9%

Value ($000) $28,893 Shares 152,541 Est. Cost $174.85 Unrealized —

VLO VALERO ENERGY CORP 0.7%

Value ($000) $23,011 Shares 135,152 Est. Cost $152.85 Unrealized +10.4%

XOM EXXON MOBIL CORP 0.6%

Value ($000) $18,262 Shares 161,967 Est. Cost $109.40 Unrealized +5.6%

MDT MEDTRONIC PLC 0.5%

Value ($000) $16,139 Shares 169,453 Est. Cost $90.60 Unrealized +7.2%

LLY ELI LILLY & CO 0.5%

Value ($000) $16,026 Shares 21,004 Est. Cost $787.88 Unrealized +21.3%

IHI ISHARES TR 0.5%

Value ($000) $14,942 Shares 248,710 Est. Cost $60.09 Unrealized —

ASHR DBX ETF TR 0.5%

Value ($000) $14,884 Shares 451,306 Est. Cost $32.98 Unrealized —

GRID FIRST TR EXCHANGE TRADED FD 0.4%

Value ($000) $11,749 Shares 77,768 Est. Cost $136.44 Unrealized —

BAC BANK AMERICA CORP 0.4%

Value ($000) $11,539 Shares 223,666 Est. Cost $40.34 Unrealized +30.6%

TSLA TESLA INC 0.3%

Value ($000) $10,304 Shares 23,169 Est. Cost $334.08 Unrealized +32.7%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $8,621 Shares 88,000 Est. Cost $82.32 Unrealized +9.4%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $4,542 Shares 24,494 Est. Cost $148.14 Unrealized +33.0%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $2,457 Shares 10,000 Est. Cost $211.43 Unrealized +18.5%

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value ($000) $1,303 Shares 2,686 Est. Cost $542.22 Unrealized +4.2%

IQV IQVIA HLDGS INC 0.0%

Value ($000) $1,001 Shares 5,268 Est. Cost $176.54 Unrealized +23.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IGV	ISHARES TR	627,527	$72,172	2.2%	$98.62	—	—	464287515
QQQ	INVESCO QQQ TR	97,217	$58,366	1.8%	$530.95	—	—	46090E103
SMH	VANECK ETF TRUST	176,537	$57,615	1.8%	$291.93	—	—	92189F676
CME	CME GROUP INC	164,720	$44,506	1.4%	$260.14	+4.1%	—	12572Q105
VOO	VANGUARD INDEX FDS	69,306	$42,442	1.3%	$540.79	—	—	922908363
AMAT	APPLIED MATLS INC	191,946	$39,299	1.2%	$195.25	+22.7%	—	038222105
VPU	VANGUARD WORLD FD	152,541	$28,893	0.9%	$174.85	—	—	92204A876
VLO	VALERO ENERGY CORP	135,152	$23,011	0.7%	$152.85	+10.4%	—	91913Y100
XOM	EXXON MOBIL CORP	161,967	$18,262	0.6%	$109.40	+5.6%	—	30231G102
MDT	MEDTRONIC PLC	169,453	$16,139	0.5%	$90.60	+7.2%	—	G5960L103
LLY	ELI LILLY & CO	21,004	$16,026	0.5%	$787.88	+21.3%	—	532457108
IHI	ISHARES TR	248,710	$14,942	0.5%	$60.09	—	—	464288810
ASHR	DBX ETF TR	451,306	$14,884	0.5%	$32.98	—	—	233051879
GRID	FIRST TR EXCHANGE TRADED FD	77,768	$11,749	0.4%	$136.44	—	—	33737A108
BAC	BANK AMERICA CORP	223,666	$11,539	0.4%	$40.34	+30.6%	—	060505104
TSLA	TESLA INC	23,169	$10,304	0.3%	$334.08	+32.7%	—	88160R101
UBER	UBER TECHNOLOGIES INC	88,000	$8,621	0.3%	$82.32	+9.4%	—	90353T100
JNJ	JOHNSON & JOHNSON	24,494	$4,542	0.1%	$148.14	+33.0%	—	478160104
ADI	ANALOG DEVICES INC	10,000	$2,457	0.1%	$211.43	+18.5%	—	032654105
TMO	THERMO FISHER SCIENTIFIC INC	2,686	$1,303	0.0%	$542.22	+4.2%	—	883556102
IQV	IQVIA HLDGS INC	5,268	$1,001	0.0%	$176.54	+23.2%	—	46266C105

Decreased Positions (24)

AAPL APPLE INC 0.1%

Value ($000) $2,826 (-98.2%) Shares 10,396 (-98.3%) Est. Cost $208.63 Unrealized +28.6%

GOOGL ALPHABET INC 0.9%

Value ($000) $29,175 (-80.8%) Shares 93,211 (-85.1%) Est. Cost $152.13 Unrealized +87.7%

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $1,939 (-97.9%) Shares 9,055 (-98.4%) Est. Cost $152.36 Unrealized +47.4%

XLV SELECT SECTOR SPDR TR 0.4%

Value ($000) $12,539 (-87.6%) Shares 81,000 (-88.8%) Est. Cost $138.99 Unrealized —

MSFT MICROSOFT CORP 2.5%

Value ($000) $80,222 (-42.7%) Shares 165,879 (-38.6%) Est. Cost $423.05 Unrealized +18.3%

NVDA NVIDIA CORPORATION 0.6%

Value ($000) $20,271 (-74.0%) Shares 108,691 (-74.0%) Est. Cost $135.96 Unrealized +36.9%

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $20,842 (-72.8%) Shares 36,800 (-78.5%) Est. Cost $526.98 Unrealized +1.0%

PLD PROLOGIS INC. 0.7%

Value ($000) $23,777 (-66.9%) Shares 186,256 (-70.3%) Est. Cost $111.62 Unrealized +11.0%

AMZN AMAZON COM INC 0.3%

Value ($000) $11,223 (-80.0%) Shares 48,623 (-81.0%) Est. Cost $167.06 Unrealized +36.9%

GILD GILEAD SCIENCES INC 0.3%

Value ($000) $10,168 (-75.8%) Shares 82,838 (-78.1%) Est. Cost $108.99 Unrealized +10.9%

SNPS SYNOPSYS INC 0.2%

Value ($000) $5,408 (-84.6%) Shares 11,514 (-83.8%) Est. Cost $531.11 Unrealized -16.4%

KRE SPDR SERIES TRUST 0.5%

Value ($000) $15,016 (-63.6%) Shares 231,686 (-64.4%) Est. Cost $62.98 Unrealized —

BP BP PLC 0.6%

Value ($000) $21,018 (-51.0%) Shares 605,197 (-51.3%) Est. Cost $40.16 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value ($000) $7,956 (-70.0%) Shares 41,532 (-70.3%) Est. Cost $173.23 Unrealized —

IJR ISHARES TR 0.8%

Value ($000) $25,622 (-37.0%) Shares 213,194 (-37.7%) Est. Cost $114.04 Unrealized —

AVGO BROADCOM INC 0.5%

Value ($000) $16,911 (-45.5%) Shares 48,862 (-48.0%) Est. Cost $207.60 Unrealized +72.0%

MA MASTERCARD INCORPORATED 0.3%

Value ($000) $8,563 (-56.6%) Shares 15,000 (-56.7%) Est. Cost $461.39 Unrealized +21.1%

WMT WALMART INC 0.1%

Value ($000) $4,100 (-72.8%) Shares 36,800 (-74.9%) Est. Cost $87.16 Unrealized +23.0%

ITB ISHARES TR 0.2%

Value ($000) $7,425 (-59.3%) Shares 77,103 (-54.7%) Est. Cost $107.25 Unrealized —

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $7,544 (-52.6%) Shares 23,414 (-53.6%) Est. Cost $295.93 Unrealized +4.6%

XLP SELECT SECTOR SPDR TR 0.0%

Value ($000) $1,312 (-84.8%) Shares 16,888 (-84.6%) Est. Cost $78.37 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value ($000) $3,484 (-62.7%) Shares 6,000 (-55.2%) Est. Cost $699.24 Unrealized -10.6%

DLR DIGITAL RLTY TR INC 0.1%

Value ($000) $2,260 (-71.1%) Shares 14,611 (-67.7%) Est. Cost $165.22 Unrealized -1.3%

FCX FREEPORT-MCMORAN INC 0.3%

Value ($000) $9,427 (-17.9%) Shares 185,615 (-36.6%) Est. Cost $41.66 Unrealized +4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	10,396 (-98.3%)	$2,826 (-98.2%)	0.1%	$208.63	+28.6%	COM	037833100
GOOGL	ALPHABET INC	93,211 (-85.1%)	$29,175 (-80.8%)	0.9%	$152.13	+87.7%	CAP STK CL A	02079K305
AMD	ADVANCED MICRO DEVICES INC	9,055 (-98.4%)	$1,939 (-97.9%)	0.1%	$152.36	+47.4%	COM	007903107
XLV	SELECT SECTOR SPDR TR	81,000 (-88.8%)	$12,539 (-87.6%)	0.4%	$138.99	—	STATE STREET HEA	81369Y209
MSFT	MICROSOFT CORP	165,879 (-38.6%)	$80,222 (-42.7%)	2.5%	$423.05	+18.3%	COM	594918104
NVDA	NVIDIA CORPORATION	108,691 (-74.0%)	$20,271 (-74.0%)	0.6%	$135.96	+36.9%	COM	67066G104
ISRG	INTUITIVE SURGICAL INC	36,800 (-78.5%)	$20,842 (-72.8%)	0.6%	$526.98	+1.0%	COM NEW	46120E602
PLD	PROLOGIS INC.	186,256 (-70.3%)	$23,777 (-66.9%)	0.7%	$111.62	+11.0%	COM	74340W103
AMZN	AMAZON COM INC	48,623 (-81.0%)	$11,223 (-80.0%)	0.3%	$167.06	+36.9%	COM	023135106
GILD	GILEAD SCIENCES INC	82,838 (-78.1%)	$10,168 (-75.8%)	0.3%	$108.99	+10.9%	COM	375558103
SNPS	SYNOPSYS INC	11,514 (-83.8%)	$5,408 (-84.6%)	0.2%	$531.11	-16.4%	COM	871607107
KRE	SPDR SERIES TRUST	231,686 (-64.4%)	$15,016 (-63.6%)	0.5%	$62.98	—	STATE STREET SPD	78464A698
BP	BP PLC	605,197 (-51.3%)	$21,018 (-51.0%)	0.6%	$40.16	—	SPONSORED ADR	055622104
RSP	INVESCO EXCHANGE TRADED FD T	41,532 (-70.3%)	$7,956 (-70.0%)	0.2%	$173.23	—	S&P500 EQL WGT	46137V357
IJR	ISHARES TR	213,194 (-37.7%)	$25,622 (-37.0%)	0.8%	$114.04	—	CORE S&P SCP ETF	464287804
AVGO	BROADCOM INC	48,862 (-48.0%)	$16,911 (-45.5%)	0.5%	$207.60	+72.0%	COM	11135F101
MA	MASTERCARD INCORPORATED	15,000 (-56.7%)	$8,563 (-56.6%)	0.3%	$461.39	+21.1%	CL A	57636Q104
WMT	WALMART INC	36,800 (-74.9%)	$4,100 (-72.8%)	0.1%	$87.16	+23.0%	COM	931142103
ITB	ISHARES TR	77,103 (-54.7%)	$7,425 (-59.3%)	0.2%	$107.25	—	US HOME CONS ETF	464288752
JPM	JPMORGAN CHASE & CO.	23,414 (-53.6%)	$7,544 (-52.6%)	0.2%	$295.93	+4.6%	COM	46625H100
XLP	SELECT SECTOR SPDR TR	16,888 (-84.6%)	$1,312 (-84.8%)	0.0%	$78.37	—	STATE STREET CON	81369Y308
SPOT	SPOTIFY TECHNOLOGY S A	6,000 (-55.2%)	$3,484 (-62.7%)	0.1%	$699.24	-10.6%	SHS	L8681T102
DLR	DIGITAL RLTY TR INC	14,611 (-67.7%)	$2,260 (-71.1%)	0.1%	$165.22	-1.3%	COM	253868103
FCX	FREEPORT-MCMORAN INC	185,615 (-36.6%)	$9,427 (-17.9%)	0.3%	$41.66	+4.0%	CL B	35671D857

Unchanged Positions (48)

VZ VERIZON COMMUNICATIONS INC 3.6%

Value ($000) $118,427 Shares 2,907,604 Est. Cost $40.13 Unrealized +0.9%

TLT ISHARES TR 10.7%

Value ($000) $348,438 Shares 3,997,680 Est. Cost $143.75 Unrealized —

O REALTY INCOME CORP 3.3%

Value ($000) $106,838 Shares 1,895,302 Est. Cost $54.08 Unrealized +6.1%

BMY BRISTOL-MYERS SQUIBB CO 1.6%

Value ($000) $50,691 Shares 939,759 Est. Cost $57.51 Unrealized -17.4%

APTV APTIV PLC 1.6%

Value ($000) $52,323 Shares 687,642 Est. Cost $61.22 Unrealized +31.1%

COST COSTCO WHSL CORP NEW 2.7%

Value ($000) $86,670 Shares 100,506 Est. Cost $881.05 Unrealized +2.8%

SPTL SPDR SERIES TRUST 8.9%

Value ($000) $290,029 Shares 10,956,900 Est. Cost $41.14 Unrealized —

INTC INTEL CORP 1.5%

Value ($000) $49,797 Shares 1,349,500 Est. Cost $43.63 Unrealized -13.5%

NKE NIKE INC 1.4%

Value ($000) $43,900 Shares 689,052 Est. Cost $121.23 Unrealized -46.5%

EW EDWARDS LIFESCIENCES CORP 1.4%

Value ($000) $47,077 Shares 552,221 Est. Cost $86.31 Unrealized -4.9%

XYZ BLOCK INC 1.1%

Value ($000) $36,147 Shares 555,340 Est. Cost $73.56 Unrealized -6.2%

CRM SALESFORCE INC 1.1%

Value ($000) $37,154 Shares 140,250 Est. Cost $305.61 Unrealized -18.8%

PYPL PAYPAL HLDGS INC 0.8%

Value ($000) $25,266 Shares 432,781 Est. Cost $119.66 Unrealized -45.8%

VGLT VANGUARD SCOTTSDALE FDS 5.3%

Value ($000) $170,943 Shares 3,063,500 Est. Cost $86.96 Unrealized —

KREF KKR REAL ESTATE FIN TR INC 0.8%

Value ($000) $25,156 Shares 3,060,384 Est. Cost $21.50 Unrealized —

EXR EXTRA SPACE STORAGE INC 0.9%

Value ($000) $28,461 Shares 218,563 Est. Cost $154.09 Unrealized -12.4%

RITM RITHM CAPITAL CORP 1.4%

Value ($000) $46,942 Shares 4,306,602 Est. Cost $14.99 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.2%

Value ($000) $39,441 Shares 119,477 Est. Cost $552.89 Unrealized -39.0%

PSA PUBLIC STORAGE OPER CO 0.5%

Value ($000) $15,956 Shares 61,489 Est. Cost $278.29 Unrealized -0.4%

ON ON SEMICONDUCTOR CORP 0.6%

Value ($000) $19,539 Shares 360,831 Est. Cost $97.14 Unrealized -47.2%

CVS CVS HEALTH CORP 1.0%

Value ($000) $32,621 Shares 411,050 Est. Cost $74.23 Unrealized +6.0%

AMT AMERICAN TOWER CORP NEW 0.5%

Value ($000) $16,814 Shares 95,766 Est. Cost $198.35 Unrealized -9.1%

WST WEST PHARMACEUTICAL SVSC INC 0.9%

Value ($000) $30,229 Shares 109,867 Est. Cost $311.24 Unrealized -12.1%

ILMN ILLUMINA INC 0.2%

Value ($000) $4,916 Shares 37,482 Est. Cost $375.96 Unrealized -68.8%

XBI SPDR SERIES TRUST 0.2%

Value ($000) $7,348 Shares 60,264 Est. Cost $121.05 Unrealized —

REXR REXFORD INDL RLTY INC 0.6%

Value ($000) $20,041 Shares 517,579 Est. Cost $45.56 Unrealized —

PFE PFIZER INC 1.4%

Value ($000) $44,039 Shares 1,768,652 Est. Cost $25.69 Unrealized -2.5%

HYG ISHARES TR 3.2%

Value ($000) $103,581 Shares 1,284,652 Est. Cost $87.00 Unrealized —

SLB SLB LIMITED 0.2%

Value ($000) $6,470 Shares 168,577 Est. Cost $48.50 Unrealized -25.6%

KMI KINDER MORGAN INC DEL 0.6%

Value ($000) $20,266 Shares 737,197 Est. Cost $26.81 Unrealized +0.4%

HST HOST HOTELS & RESORTS INC 0.4%

Value ($000) $14,027 Shares 791,128 Est. Cost $16.50 Unrealized +2.6%

COLD AMERICOLD REALTY TRUST INC 0.3%

Value ($000) $9,782 Shares 760,671 Est. Cost $28.27 Unrealized —

DIS DISNEY WALT CO 2.2%

Value ($000) $71,731 Shares 630,489 Est. Cost $142.51 Unrealized -23.1%

AVB AVALONBAY CMNTYS INC 0.2%

Value ($000) $6,742 Shares 37,186 Est. Cost $199.04 Unrealized -9.7%

EL LAUDER ESTEE COS INC 0.1%

Value ($000) $2,464 Shares 23,528 Est. Cost $225.67 Unrealized -57.1%

EQR EQUITY RESIDENTIAL 0.4%

Value ($000) $13,263 Shares 210,384 Est. Cost $66.62 Unrealized -8.9%

SWKS SKYWORKS SOLUTIONS INC 0.0%

Value ($000) $1,611 Shares 25,400 Est. Cost $160.03 Unrealized -56.6%

QUAL ISHARES TR 0.5%

Value ($000) $15,333 Shares 77,200 Est. Cost $170.89 Unrealized —

YUMC YUM CHINA HLDGS INC 0.1%

Value ($000) $4,044 Shares 85,400 Est. Cost $55.95 Unrealized -18.1%

JNK SPDR SERIES TRUST 1.0%

Value ($000) $32,815 Shares 337,566 Est. Cost $108.93 Unrealized —

VIGI VANGUARD WHITEHALL FDS 0.4%

Value ($000) $12,545 Shares 137,180 Est. Cost $85.40 Unrealized —

ADBE ADOBE INC 0.9%

Value ($000) $28,063 Shares 80,181 Est. Cost $567.65 Unrealized -40.1%

SDY SPDR SERIES TRUST 1.1%

Value ($000) $34,442 Shares 247,496 Est. Cost $132.51 Unrealized —

TRTX TPG RE FIN TR INC 0.7%

Value ($000) $24,290 Shares 2,821,091 Est. Cost $19.77 Unrealized —

LEN LENNAR CORP 0.0%

Value ($000) $528 Shares 5,132 Est. Cost $148.16 Unrealized -18.5%

TLH ISHARES TR 0.2%

Value ($000) $5,561 Shares 54,700 Est. Cost $109.33 Unrealized —

BOTZ GLOBAL X FDS 0.1%

Value ($000) $2,898 Shares 80,000 Est. Cost $28.46 Unrealized —

EOG EOG RES INC 0.0%

Value ($000) $532 Shares 5,069 Est. Cost $106.32 Unrealized +0.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	2,907,604	$118,427	3.6%	$40.13	+0.9%	COM	92343V104
TLT	ISHARES TR	3,997,680	$348,438	10.7%	$143.75	—	20 YR TR BD ETF	464287432
O	REALTY INCOME CORP	1,895,302	$106,838	3.3%	$54.08	+6.1%	COM	756109104
BMY	BRISTOL-MYERS SQUIBB CO	939,759	$50,691	1.6%	$57.51	-17.4%	COM	110122108
APTV	APTIV PLC	687,642	$52,323	1.6%	$61.22	+31.1%	COM SHS	G3265R107
COST	COSTCO WHSL CORP NEW	100,506	$86,670	2.7%	$881.05	+2.8%	COM	22160K105
SPTL	SPDR SERIES TRUST	10,956,900	$290,029	8.9%	$41.14	—	STATE STREET SPD	78464A664
INTC	INTEL CORP	1,349,500	$49,797	1.5%	$43.63	-13.5%	COM	458140100
NKE	NIKE INC	689,052	$43,900	1.4%	$121.23	-46.5%	CL B	654106103
EW	EDWARDS LIFESCIENCES CORP	552,221	$47,077	1.4%	$86.31	-4.9%	COM	28176E108
XYZ	BLOCK INC	555,340	$36,147	1.1%	$73.56	-6.2%	CL A	852234103
CRM	SALESFORCE INC	140,250	$37,154	1.1%	$305.61	-18.8%	COM	79466L302
PYPL	PAYPAL HLDGS INC	432,781	$25,266	0.8%	$119.66	-45.8%	COM	70450Y103
VGLT	VANGUARD SCOTTSDALE FDS	3,063,500	$170,943	5.3%	$86.96	—	LONG TERM TREAS	92206C847
KREF	KKR REAL ESTATE FIN TR INC	3,060,384	$25,156	0.8%	$21.50	—	COM	48251K100
EXR	EXTRA SPACE STORAGE INC	218,563	$28,461	0.9%	$154.09	-12.4%	COM	30225T102
RITM	RITHM CAPITAL CORP	4,306,602	$46,942	1.4%	$14.99	—	COM NEW	64828T201
UNH	UNITEDHEALTH GROUP INC	119,477	$39,441	1.2%	$552.89	-39.0%	COM	91324P102
PSA	PUBLIC STORAGE OPER CO	61,489	$15,956	0.5%	$278.29	-0.4%	COM	74460D109
ON	ON SEMICONDUCTOR CORP	360,831	$19,539	0.6%	$97.14	-47.2%	COM	682189105
CVS	CVS HEALTH CORP	411,050	$32,621	1.0%	$74.23	+6.0%	COM	126650100
AMT	AMERICAN TOWER CORP NEW	95,766	$16,814	0.5%	$198.35	-9.1%	COM	03027X100
WST	WEST PHARMACEUTICAL SVSC INC	109,867	$30,229	0.9%	$311.24	-12.1%	COM	955306105
ILMN	ILLUMINA INC	37,482	$4,916	0.2%	$375.96	-68.8%	COM	452327109
XBI	SPDR SERIES TRUST	60,264	$7,348	0.2%	$121.05	—	STATE STREET SPD	78464A870
REXR	REXFORD INDL RLTY INC	517,579	$20,041	0.6%	$45.56	—	COM	76169C100
PFE	PFIZER INC	1,768,652	$44,039	1.4%	$25.69	-2.5%	COM	717081103
HYG	ISHARES TR	1,284,652	$103,581	3.2%	$87.00	—	IBOXX HI YD ETF	464288513
SLB	SLB LIMITED	168,577	$6,470	0.2%	$48.50	-25.6%	COM STK	806857108
KMI	KINDER MORGAN INC DEL	737,197	$20,266	0.6%	$26.81	+0.4%	COM	49456B101
HST	HOST HOTELS & RESORTS INC	791,128	$14,027	0.4%	$16.50	+2.6%	COM	44107P104
COLD	AMERICOLD REALTY TRUST INC	760,671	$9,782	0.3%	$28.27	—	COM	03064D108
DIS	DISNEY WALT CO	630,489	$71,731	2.2%	$142.51	-23.1%	COM	254687106
AVB	AVALONBAY CMNTYS INC	37,186	$6,742	0.2%	$199.04	-9.7%	COM	053484101
EL	LAUDER ESTEE COS INC	23,528	$2,464	0.1%	$225.67	-57.1%	CL A	518439104
EQR	EQUITY RESIDENTIAL	210,384	$13,263	0.4%	$66.62	-8.9%	SH BEN INT	29476L107
SWKS	SKYWORKS SOLUTIONS INC	25,400	$1,611	0.0%	$160.03	-56.6%	COM	83088M102
QUAL	ISHARES TR	77,200	$15,333	0.5%	$170.89	—	MSCI USA QLT FCT	46432F339
YUMC	YUM CHINA HLDGS INC	85,400	$4,044	0.1%	$55.95	-18.1%	COM	98850P109
JNK	SPDR SERIES TRUST	337,566	$32,815	1.0%	$108.93	—	STATE STREET SPD	78468R622
VIGI	VANGUARD WHITEHALL FDS	137,180	$12,545	0.4%	$85.40	—	INTL DVD ETF	921946810
ADBE	ADOBE INC	80,181	$28,063	0.9%	$567.65	-40.1%	COM	00724F101
SDY	SPDR SERIES TRUST	247,496	$34,442	1.1%	$132.51	—	STATE STREET SPD	78464A763
TRTX	TPG RE FIN TR INC	2,821,091	$24,290	0.7%	$19.77	—	COM	87266M107
LEN	LENNAR CORP	5,132	$528	0.0%	$148.16	-18.5%	CL A	526057104
TLH	ISHARES TR	54,700	$5,561	0.2%	$109.33	—	10-20 YR TRS ETF	464288653
BOTZ	GLOBAL X FDS	80,000	$2,898	0.1%	$28.46	—	RBTCS ARTFL INTE	37954Y715
EOG	EOG RES INC	5,069	$532	0.0%	$106.32	+0.9%	COM	26875P101