United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	676,245	$173,788	2.4%	$239.49	0.0%	COM	038222105
GS	GOLDMAN SACHS GROUP INC	160,000	$140,640	2.0%	$813.35	0.0%	COM	38141G104
ASML	ASML HOLDING N V	120,834	$129,275	1.8%	$1069.86	—	N Y REGISTRY SHS	N07059210
INTC	INTEL CORP	3,100,000	$114,390	1.6%	$37.76	0.0%	COM	458140100
MRK	MERCK & CO INC	658,905	$69,356	1.0%	$93.24	0.0%	COM	58933Y105
C	CITIGROUP INC	586,757	$68,469	1.0%	$103.64	0.0%	COM NEW	172967424
CSCO	CISCO SYS INC	861,427	$66,356	0.9%	$73.79	0.0%	COM	17275R102
CMCSA	COMCAST CORP NEW	2,040,546	$60,992	0.8%	$28.53	0.0%	CL A	20030N101
VZ	VERIZON COMMUNICATIONS INC	1,314,891	$53,556	0.7%	$40.48	0.0%	COM	92343V104
BMY	BRISTOL-MYERS SQUIBB CO	959,809	$51,772	0.7%	$47.53	0.0%	COM	110122108
T	AT&T INC	1,895,960	$47,096	0.7%	$25.29	0.0%	COM	00206R102
NEM	NEWMONT CORP	342,367	$34,185	0.5%	$90.20	0.0%	COM	651639106
CI	THE CIGNA GROUP	123,888	$34,098	0.5%	$279.23	0.0%	COM	125523100
EOG	EOG RES INC	290,456	$30,501	0.4%	$107.22	0.0%	COM	26875P101
FDX	FEDEX CORP	100,289	$28,969	0.4%	$261.56	0.0%	COM	31428X106
TGT	TARGET CORP	281,020	$27,470	0.4%	$91.63	0.0%	COM	87612E106
GM	GENERAL MTRS CO	323,505	$26,307	0.4%	$70.40	0.0%	COM	37045V100
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	304,878	$25,305	0.4%	$74.65	0.0%	CL A	192446102
DELL	DELL TECHNOLOGIES INC	185,354	$23,332	0.3%	$140.75	0.0%	CL C	24703L202
FISV	FISERV INC	343,943	$23,103	0.3%	$83.87	0.0%	COM	337738108
STT	STATE STR CORP	176,896	$22,821	0.3%	$118.97	0.0%	COM	857477103
EXPE	EXPEDIA GROUP INC	75,602	$21,419	0.3%	$246.88	0.0%	COM NEW	30212P303
AIG	AMERICAN INTL GROUP INC	250,143	$21,400	0.3%	$79.68	0.0%	COM NEW	026874784
HPE	HEWLETT PACKARD ENTERPRISE C	802,575	$19,278	0.3%	$23.44	0.0%	COM	42824C109
F	FORD MTR CO	1,363,539	$17,890	0.2%	$12.83	0.0%	COM	345370860
IBKR	INTERACTIVE BROKERS GROUP IN	263,581	$16,951	0.2%	$66.89	0.0%	COM CL A	45841N107
CFG	CITIZENS FINL GROUP INC	265,671	$15,518	0.2%	$53.58	0.0%	COM	174610105
GIS	GENERAL MLS INC	332,808	$15,476	0.2%	$47.46	0.0%	COM	370334104
PHM	PULTE GROUP INC	124,335	$14,580	0.2%	$122.44	0.0%	COM	745867101
LULU	LULULEMON ATHLETICA INC	67,316	$13,989	0.2%	$181.15	0.0%	COM	550021109
ZM	ZOOM COMMUNICATIONS INC	154,272	$13,312	0.2%	$84.17	0.0%	CL A	98980L101
NTAP	NETAPP INC	123,924	$13,271	0.2%	$113.62	0.0%	COM	64110D104
UTHR	UNITED THERAPEUTICS CORP DEL	26,583	$12,953	0.2%	$465.69	0.0%	COM	91307C102
HPQ	HP INC	580,928	$12,943	0.2%	$25.25	0.0%	COM	40434L105
SSNC	SS&C TECHNOLOGIES HLDGS INC	141,902	$12,405	0.2%	$85.27	0.0%	COM	78467J100
CVS	CVS HEALTH CORP	151,486	$12,022	0.2%	$78.67	0.0%	COM	126650100
GPN	GLOBAL PMTS INC	151,370	$11,716	0.2%	$80.29	0.0%	COM	37940X102
SNA	SNAP ON INC	32,549	$11,216	0.2%	$340.47	0.0%	COM	833034101
ZBH	ZIMMER BIOMET HOLDINGS INC	122,735	$11,036	0.2%	$94.58	0.0%	COM	98956P102
GDDY	GODADDY INC	83,684	$10,384	0.1%	$129.40	0.0%	CL A	380237107
BSX	BOSTON SCIENTIFIC CORP	107,888	$10,287	0.1%	$98.04	0.0%	COM	101137107
APTV	APTIV PLC	134,664	$10,247	0.1%	$80.28	0.0%	COM SHS	G3265R107
HOLX	HOLOGIC INC	136,057	$10,135	0.1%	$73.07	0.0%	COM	436440101
IBM	INTERNATIONAL BUSINESS MACHS	33,891	$10,039	0.1%	$298.78	0.0%	COM	459200101
NXPI	NXP SEMICONDUCTORS N V	45,928	$9,969	0.1%	$213.68	0.0%	COM	N6596X109
OMC	OMNICOM GROUP INC	119,879	$9,680	0.1%	$75.76	0.0%	COM	681919106
TXT	TEXTRON INC	109,490	$9,544	0.1%	$83.66	0.0%	COM	883203101
RS	RELIANCE INC	32,150	$9,287	0.1%	$280.97	0.0%	COM	759509102
GEN	GEN DIGITAL INC	334,164	$9,086	0.1%	$26.85	0.0%	COM	668771108
RPRX	ROYALTY PHARMA PLC	234,551	$9,063	0.1%	$38.13	0.0%	SHS CLASS A	G7709Q104
CSL	CARLISLE COS INC	26,832	$8,582	0.1%	$322.65	0.0%	COM	142339100
NLY	ANNALY CAPITAL MANAGEMENT IN	375,367	$8,393	0.1%	$22.36	—	COM NEW	035710839
BBY	BEST BUY INC	124,180	$8,311	0.1%	$75.46	0.0%	COM	086516101
ON	ON SEMICONDUCTOR CORP	143,485	$7,770	0.1%	$51.30	0.0%	COM	682189105
CHKP	CHECK POINT SOFTWARE TECH LT	39,948	$7,413	0.1%	$193.34	0.0%	ORD	M22465104
BLDR	BUILDERS FIRSTSOURCE INC	68,839	$7,083	0.1%	$112.38	0.0%	COM	12008R107
DAL	DELTA AIR LINES INC DEL	101,207	$7,024	0.1%	$62.45	0.0%	COM NEW	247361702
DOCU	DOCUSIGN INC	100,837	$6,897	0.1%	$69.15	0.0%	COM	256163106
FOX	FOX CORP	94,993	$6,168	0.1%	$58.38	0.0%	CL B COM	35137L204
UAL	UNITED AIRLS HLDGS INC	50,500	$5,647	0.1%	$101.05	0.0%	COM	910047109
CAH	CARDINAL HEALTH INC	26,131	$5,370	0.1%	$187.72	0.0%	COM	14149Y108
CRBG	COREBRIDGE FINL INC	177,588	$5,358	0.1%	$30.55	0.0%	COM	21871X109
FCNCA	FIRST CTZNS BANCSHARES INC D	2,435	$5,226	0.1%	$1883.58	0.0%	CL A	31946M103
CHTR	CHARTER COMMUNICATIONS INC N	19,493	$4,069	0.1%	$224.96	0.0%	CL A	16119P108
NVR	NVR INC	547	$3,989	0.1%	$7476.40	0.0%	COM	62944T105
VIPS	VIPSHOP HLDGS LTD	199,705	$3,533	0.0%	$17.69	—	SPONSORED ADS A	92763W103
BKNG	BOOKING HOLDINGS INC	600	$3,213	0.0%	$5137.84	0.0%	COM	09857L108
CME	CME GROUP INC	10,480	$2,862	0.0%	$270.74	0.0%	COM	12572Q105
CBOE	CBOE GLOBAL MKTS INC	10,500	$2,636	0.0%	$248.74	0.0%	COM	12503M108
EXC	EXELON CORP	60,400	$2,633	0.0%	$45.46	0.0%	COM	30161N101
ROK	ROCKWELL AUTOMATION INC	6,680	$2,599	0.0%	$375.21	0.0%	COM	773903109
TSN	TYSON FOODS INC	28,000	$1,641	0.0%	$54.61	0.0%	CL A	902494103
CNC	CENTENE CORP DEL	39,283	$1,616	0.0%	$37.43	0.0%	COM	15135B101
CVNA	CARVANA CO	3,160	$1,334	0.0%	$371.73	0.0%	CL A	146869102
PNR	PENTAIR PLC	11,800	$1,229	0.0%	$106.73	0.0%	SHS	G7S00T104
QFIN	QFIN HOLDINGS INC	59,641	$1,149	0.0%	$19.27	—	AMERICAN DEP	88557W101
AME	AMETEK INC	5,000	$1,027	0.0%	$194.36	0.0%	COM	031100100
EVRG	EVERGY INC	9,800	$710	0.0%	$75.45	0.0%	COM	30034W106
SPGI	S&P GLOBAL INC	1,280	$669	0.0%	$494.21	0.0%	COM	78409V104
TDY	TELEDYNE TECHNOLOGIES INC	1,200	$613	0.0%	$526.90	0.0%	COM	879360105
ADI	ANALOG DEVICES INC	1,900	$515	0.0%	$250.62	0.0%	COM	032654105
AMD	ADVANCED MICRO DEVICES INC	2,100	$450	0.0%	$224.60	0.0%	COM	007903107
MU	MICRON TECHNOLOGY INC	1,200	$342	0.0%	$229.35	0.0%	COM	595112103
WEC	WEC ENERGY GROUP INC	3,200	$337	0.0%	$110.27	0.0%	COM	92939U106
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	1,360	$330	0.0%	$267.42	0.0%	CL A	989207105
HEI/A	HEICO CORP NEW	1,300	$328	0.0%	$246.96	0.0%	CL A	422806208

Increased Positions (62)

MSFT MICROSOFT CORP 11.4%

Value ($000) $818,269 (+169.5%) Shares 1,691,966 (+188.6%) Est. Cost $387.72 Unrealized +29.1%

TSLA TESLA INC 4.9%

Value ($000) $355,339 (+10276.9%) Shares 790,135 (+10161.5%) Est. Cost $442.10 Unrealized +0.3%

AMZN AMAZON COM INC 7.0%

Value ($000) $501,802 (+199.2%) Shares 2,173,996 (+184.7%) Est. Cost $195.49 Unrealized +17.0%

TXN TEXAS INSTRS INC 3.2%

Value ($000) $228,311 (+933.7%) Shares 1,315,992 (+994.7%) Est. Cost $172.15 Unrealized -0.8%

NVDA NVIDIA CORPORATION 4.4%

Value ($000) $317,063 (+93.7%) Shares 1,700,072 (+93.8%) Est. Cost $153.93 Unrealized +20.9%

AAPL APPLE INC 3.0%

Value ($000) $215,618 (+151.2%) Shares 793,123 (+135.3%) Est. Cost $206.50 Unrealized +29.9%

LRCX LAM RESEARCH CORP 2.4%

Value ($000) $172,195 (+196.6%) Shares 1,005,927 (+132.0%) Est. Cost $120.72 Unrealized +28.7%

PLTR PALANTIR TECHNOLOGIES INC 1.6%

Value ($000) $114,735 (+8399.5%) Shares 645,485 (+8622.8%) Est. Cost $180.29 Unrealized +0.4%

GOOGL ALPHABET INC 4.0%

Value ($000) $288,538 (+51.7%) Shares 921,848 (+17.9%) Est. Cost $135.28 Unrealized +111.1%

ADBE ADOBE INC 0.9%

Value ($000) $63,195 (+2111.7%) Shares 180,561 (+2129.1%) Est. Cost $343.69 Unrealized -1.0%

QCOM QUALCOMM INC 0.8%

Value ($000) $60,863 (+2758.2%) Shares 355,822 (+2679.9%) Est. Cost $170.34 Unrealized +0.3%

GILD GILEAD SCIENCES INC 0.8%

Value ($000) $55,245 (+1867.2%) Shares 450,096 (+1679.0%) Est. Cost $120.04 Unrealized +0.7%

HCA HCA HEALTHCARE INC 0.7%

Value ($000) $51,811 (+4402.4%) Shares 110,977 (+4010.3%) Est. Cost $460.96 Unrealized +0.6%

GOOG ALPHABET INC 0.6%

Value ($000) $46,416 (+1170.5%) Shares 147,916 (+886.1%) Est. Cost $275.11 Unrealized +4.1%

ACN ACCENTURE PLC IRELAND 0.6%

Value ($000) $41,850 (+2021.3%) Shares 155,981 (+1849.8%) Est. Cost $256.86 Unrealized -1.1%

TEL TE CONNECTIVITY PLC 0.6%

Value ($000) $41,253 (+1440.3%) Shares 181,326 (+1386.3%) Est. Cost $227.57 Unrealized +1.6%

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $36,373 (+2161.0%) Shares 112,883 (+2113.4%) Est. Cost $305.91 Unrealized +1.2%

AVGO BROADCOM INC 1.1%

Value ($000) $80,197 (+75.5%) Shares 231,716 (+67.3%) Est. Cost $263.62 Unrealized +35.4%

CRM SALESFORCE INC 0.6%

Value ($000) $43,897 (+233.9%) Shares 165,704 (+198.7%) Est. Cost $225.04 Unrealized +10.3%

KR KROGER CO 0.3%

Value ($000) $24,272 (+8273.5%) Shares 388,471 (+8934.2%) Est. Cost $65.25 Unrealized -0.1%

EBAY EBAY INC. 0.3%

Value ($000) $24,668 (+861.8%) Shares 283,215 (+904.3%) Est. Cost $85.81 Unrealized +0.6%

NRG NRG ENERGY INC 0.3%

Value ($000) $21,326 (+1191.0%) Shares 133,921 (+1213.0%) Est. Cost $163.94 Unrealized +0.8%

MCO MOODYS CORP 0.8%

Value ($000) $61,050 (+47.4%) Shares 119,507 (+37.4%) Est. Cost $347.82 Unrealized +40.1%

SYF SYNCHRONY FINANCIAL 0.3%

Value ($000) $19,605 (+1195.4%) Shares 234,986 (+1003.2%) Est. Cost $75.22 Unrealized +1.5%

EME EMCOR GROUP INC 0.3%

Value ($000) $19,379 (+728.8%) Shares 31,676 (+779.9%) Est. Cost $634.94 Unrealized +2.0%

ISRG INTUITIVE SURGICAL INC 0.8%

Value ($000) $57,856 (+37.2%) Shares 102,154 (+8.4%) Est. Cost $369.54 Unrealized +44.1%

JBL JABIL INC 0.2%

Value ($000) $17,324 (+816.9%) Shares 75,976 (+773.3%) Est. Cost $209.45 Unrealized +1.8%

LDOS LEIDOS HOLDINGS INC 0.2%

Value ($000) $16,169 (+619.1%) Shares 89,631 (+653.2%) Est. Cost $186.27 Unrealized +1.5%

WSM WILLIAMS SONOMA INC 0.2%

Value ($000) $13,406 (+2265.1%) Shares 75,064 (+2488.4%) Est. Cost $186.11 Unrealized +0.6%

FOXA FOX CORP 0.2%

Value ($000) $12,400 (+2557.2%) Shares 169,698 (+2193.2%) Est. Cost $64.48 Unrealized +1.3%

MLM MARTIN MARIETTA MATLS INC 0.3%

Value ($000) $19,274 (+121.7%) Shares 30,954 (+124.4%) Est. Cost $609.46 Unrealized +2.0%

DECK DECKERS OUTDOOR CORP 0.1%

Value ($000) $9,610 (+2212.3%) Shares 92,702 (+2161.0%) Est. Cost $94.41 Unrealized -0.7%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $20,754 (+79.5%) Shares 253,993 (+115.2%) Est. Cost $86.33 Unrealized +4.3%

MAS MASCO CORP 0.1%

Value ($000) $10,587 (+633.6%) Shares 166,822 (+713.8%) Est. Cost $65.87 Unrealized -1.7%

FFIV F5 INC 0.1%

Value ($000) $9,076 (+940.1%) Shares 35,557 (+1216.9%) Est. Cost $271.02 Unrealized -0.7%

CF CF INDS HLDGS INC 0.1%

Value ($000) $9,967 (+374.8%) Shares 128,872 (+450.7%) Est. Cost $82.91 Unrealized -1.2%

UHS UNIVERSAL HLTH SVCS INC 0.1%

Value ($000) $8,066 (+592.2%) Shares 36,996 (+549.1%) Est. Cost $214.60 Unrealized +3.0%

MCK MCKESSON CORP 0.1%

Value ($000) $9,437 (+239.3%) Shares 11,504 (+219.6%) Est. Cost $765.16 Unrealized +6.6%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $6,643 (+2459.1%) Shares 32,100 (+2192.9%) Est. Cost $194.97 Unrealized +1.0%

IR INGERSOLL RAND INC 0.3%

Value ($000) $24,975 (+33.3%) Shares 315,264 (+39.0%) Est. Cost $80.08 Unrealized -1.4%

WFC WELLS FARGO CO NEW 0.7%

Value ($000) $50,115 (+12.7%) Shares 537,715 (+1.3%) Est. Cost $76.37 Unrealized +13.4%

TPR TAPESTRY INC 0.1%

Value ($000) $7,139 (+367.1%) Shares 55,876 (+313.9%) Est. Cost $111.60 Unrealized +2.2%

AZO AUTOZONE INC 0.7%

Value ($000) $48,241 (-8.9%) Shares 14,224 (+15.2%) Est. Cost $2898.12 Unrealized +30.4%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.1%

Value ($000) $4,364 (+1355.2%) Shares 51,725 (+1624.2%) Est. Cost $89.47 Unrealized -1.1%

COST COSTCO WHSL CORP NEW 0.6%

Value ($000) $45,961 (+8.7%) Shares 53,298 (+16.7%) Est. Cost $564.49 Unrealized +60.5%

SHW SHERWIN WILLIAMS CO 0.4%

Value ($000) $28,175 (+14.2%) Shares 86,951 (+22.0%) Est. Cost $325.60 Unrealized +2.6%

NFLX NETFLIX INC 0.3%

Value ($000) $22,045 (+13.3%) Shares 235,120 (+1349.1%) Est. Cost $108.46 Unrealized -0.6%

MSCI MSCI INC 0.8%

Value ($000) $56,303 (+4.6%) Shares 98,135 (+3.5%) Est. Cost $553.82 Unrealized +1.1%

RSG REPUBLIC SVCS INC 0.6%

Value ($000) $43,927 (+5.3%) Shares 207,272 (+14.0%) Est. Cost $205.58 Unrealized +4.4%

META META PLATFORMS INC 2.2%

Value ($000) $160,224 (+1.3%) Shares 242,730 (+12.7%) Est. Cost $325.83 Unrealized +104.8%

HWM HOWMET AEROSPACE INC 0.0%

Value ($000) $2,706 (+199.8%) Shares 13,200 (+187.0%) Est. Cost $171.04 Unrealized +16.3%

AVY AVERY DENNISON CORP 0.0%

Value ($000) $2,583 (+218.5%) Shares 14,200 (+184.0%) Est. Cost $171.74 Unrealized +0.3%

RMD RESMED INC 0.0%

Value ($000) $2,510 (+169.7%) Shares 10,420 (+206.5%) Est. Cost $249.81 Unrealized +2.3%

KOF COCA-COLA FEMSA SAB DE CV 0.1%

Value ($000) $3,969 (+51.2%) Shares 41,903 (+32.7%) Est. Cost $90.16 Unrealized —

PGR PROGRESSIVE CORP 0.4%

Value ($000) $28,778 (+4.2%) Shares 126,374 (+13.0%) Est. Cost $236.54 Unrealized -10.2%

AMP AMERIPRISE FINL INC 0.0%

Value ($000) $2,138 (+81.3%) Shares 4,360 (+81.7%) Est. Cost $493.82 Unrealized -4.0%

ZTS ZOETIS INC 0.5%

Value ($000) $33,135 (+2.4%) Shares 263,349 (+19.1%) Est. Cost $158.48 Unrealized -17.8%

VLO VALERO ENERGY CORP 0.0%

Value ($000) $1,237 (+61.5%) Shares 7,600 (+68.9%) Est. Cost $145.01 Unrealized +16.4%

NDAQ NASDAQ INC 0.0%

Value ($000) $2,972 (+15.1%) Shares 30,600 (+4.8%) Est. Cost $88.93 Unrealized +0.9%

BR BROADRIDGE FINL SOLUTIONS IN 0.0%

Value ($000) $2,611 (+2.5%) Shares 11,700 (+9.3%) Est. Cost $238.04 Unrealized -4.5%

MPC MARATHON PETE CORP 0.0%

Value ($000) $2,586 (+1.6%) Shares 15,900 (+20.5%) Est. Cost $167.31 Unrealized +11.4%

BX BLACKSTONE INC 0.8%

Value ($000) $58,017 (-0.1%) Shares 376,390 (+10.8%) Est. Cost $147.74 Unrealized +2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	1,691,966 (+188.6%)	$818,269 (+169.5%)	11.4%	$387.72	+29.1%	COM	594918104
TSLA	TESLA INC	790,135 (+10161.5%)	$355,339 (+10276.9%)	4.9%	$442.10	+0.3%	COM	88160R101
AMZN	AMAZON COM INC	2,173,996 (+184.7%)	$501,802 (+199.2%)	7.0%	$195.49	+17.0%	COM	023135106
TXN	TEXAS INSTRS INC	1,315,992 (+994.7%)	$228,311 (+933.7%)	3.2%	$172.15	-0.8%	COM	882508104
NVDA	NVIDIA CORPORATION	1,700,072 (+93.8%)	$317,063 (+93.7%)	4.4%	$153.93	+20.9%	COM	67066G104
AAPL	APPLE INC	793,123 (+135.3%)	$215,618 (+151.2%)	3.0%	$206.50	+29.9%	COM	037833100
LRCX	LAM RESEARCH CORP	1,005,927 (+132.0%)	$172,195 (+196.6%)	2.4%	$120.72	+28.7%	COM NEW	512807306
PLTR	PALANTIR TECHNOLOGIES INC	645,485 (+8622.8%)	$114,735 (+8399.5%)	1.6%	$180.29	+0.4%	CL A	69608A108
GOOGL	ALPHABET INC	921,848 (+17.9%)	$288,538 (+51.7%)	4.0%	$135.28	+111.1%	CAP STK CL A	02079K305
ADBE	ADOBE INC	180,561 (+2129.1%)	$63,195 (+2111.7%)	0.9%	$343.69	-1.0%	COM	00724F101
QCOM	QUALCOMM INC	355,822 (+2679.9%)	$60,863 (+2758.2%)	0.8%	$170.34	+0.3%	COM	747525103
GILD	GILEAD SCIENCES INC	450,096 (+1679.0%)	$55,245 (+1867.2%)	0.8%	$120.04	+0.7%	COM	375558103
HCA	HCA HEALTHCARE INC	110,977 (+4010.3%)	$51,811 (+4402.4%)	0.7%	$460.96	+0.6%	COM	40412C101
GOOG	ALPHABET INC	147,916 (+886.1%)	$46,416 (+1170.5%)	0.6%	$275.11	+4.1%	CAP STK CL C	02079K107
ACN	ACCENTURE PLC IRELAND	155,981 (+1849.8%)	$41,850 (+2021.3%)	0.6%	$256.86	-1.1%	SHS CLASS A	G1151C101
TEL	TE CONNECTIVITY PLC	181,326 (+1386.3%)	$41,253 (+1440.3%)	0.6%	$227.57	+1.6%	ORD SHS	G87052109
JPM	JPMORGAN CHASE & CO.	112,883 (+2113.4%)	$36,373 (+2161.0%)	0.5%	$305.91	+1.2%	COM	46625H100
AVGO	BROADCOM INC	231,716 (+67.3%)	$80,197 (+75.5%)	1.1%	$263.62	+35.4%	COM	11135F101
CRM	SALESFORCE INC	165,704 (+198.7%)	$43,897 (+233.9%)	0.6%	$225.04	+10.3%	COM	79466L302
KR	KROGER CO	388,471 (+8934.2%)	$24,272 (+8273.5%)	0.3%	$65.25	-0.1%	COM	501044101
EBAY	EBAY INC.	283,215 (+904.3%)	$24,668 (+861.8%)	0.3%	$85.81	+0.6%	COM	278642103
NRG	NRG ENERGY INC	133,921 (+1213.0%)	$21,326 (+1191.0%)	0.3%	$163.94	+0.8%	COM NEW	629377508
MCO	MOODYS CORP	119,507 (+37.4%)	$61,050 (+47.4%)	0.8%	$347.82	+40.1%	COM	615369105
SYF	SYNCHRONY FINANCIAL	234,986 (+1003.2%)	$19,605 (+1195.4%)	0.3%	$75.22	+1.5%	COM	87165B103
EME	EMCOR GROUP INC	31,676 (+779.9%)	$19,379 (+728.8%)	0.3%	$634.94	+2.0%	COM	29084Q100
ISRG	INTUITIVE SURGICAL INC	102,154 (+8.4%)	$57,856 (+37.2%)	0.8%	$369.54	+44.1%	COM NEW	46120E602
JBL	JABIL INC	75,976 (+773.3%)	$17,324 (+816.9%)	0.2%	$209.45	+1.8%	COM	466313103
LDOS	LEIDOS HOLDINGS INC	89,631 (+653.2%)	$16,169 (+619.1%)	0.2%	$186.27	+1.5%	COM	525327102
WSM	WILLIAMS SONOMA INC	75,064 (+2488.4%)	$13,406 (+2265.1%)	0.2%	$186.11	+0.6%	COM	969904101
FOXA	FOX CORP	169,698 (+2193.2%)	$12,400 (+2557.2%)	0.2%	$64.48	+1.3%	CL A COM	35137L105
MLM	MARTIN MARIETTA MATLS INC	30,954 (+124.4%)	$19,274 (+121.7%)	0.3%	$609.46	+2.0%	COM	573284106
DECK	DECKERS OUTDOOR CORP	92,702 (+2161.0%)	$9,610 (+2212.3%)	0.1%	$94.41	-0.7%	COM	243537107
UBER	UBER TECHNOLOGIES INC	253,993 (+115.2%)	$20,754 (+79.5%)	0.3%	$86.33	+4.3%	COM	90353T100
MAS	MASCO CORP	166,822 (+713.8%)	$10,587 (+633.6%)	0.1%	$65.87	-1.7%	COM	574599106
FFIV	F5 INC	35,557 (+1216.9%)	$9,076 (+940.1%)	0.1%	$271.02	-0.7%	COM	315616102
CF	CF INDS HLDGS INC	128,872 (+450.7%)	$9,967 (+374.8%)	0.1%	$82.91	-1.2%	COM	125269100
UHS	UNIVERSAL HLTH SVCS INC	36,996 (+549.1%)	$8,066 (+592.2%)	0.1%	$214.60	+3.0%	CL B	913903100
MCK	MCKESSON CORP	11,504 (+219.6%)	$9,437 (+239.3%)	0.1%	$765.16	+6.6%	COM	58155Q103
JNJ	JOHNSON & JOHNSON	32,100 (+2192.9%)	$6,643 (+2459.1%)	0.1%	$194.97	+1.0%	COM	478160104
IR	INGERSOLL RAND INC	315,264 (+39.0%)	$24,975 (+33.3%)	0.3%	$80.08	-1.4%	COM	45687V106
WFC	WELLS FARGO CO NEW	537,715 (+1.3%)	$50,115 (+12.7%)	0.7%	$76.37	+13.4%	COM	949746101
TPR	TAPESTRY INC	55,876 (+313.9%)	$7,139 (+367.1%)	0.1%	$111.60	+2.2%	COM	876030107
AZO	AUTOZONE INC	14,224 (+15.2%)	$48,241 (-8.9%)	0.7%	$2898.12	+30.4%	COM	053332102
BAH	BOOZ ALLEN HAMILTON HLDG COR	51,725 (+1624.2%)	$4,364 (+1355.2%)	0.1%	$89.47	-1.1%	CL A	099502106
COST	COSTCO WHSL CORP NEW	53,298 (+16.7%)	$45,961 (+8.7%)	0.6%	$564.49	+60.5%	COM	22160K105
SHW	SHERWIN WILLIAMS CO	86,951 (+22.0%)	$28,175 (+14.2%)	0.4%	$325.60	+2.6%	COM	824348106
NFLX	NETFLIX INC	235,120 (+1349.1%)	$22,045 (+13.3%)	0.3%	$108.46	-0.6%	COM	64110L106
MSCI	MSCI INC	98,135 (+3.5%)	$56,303 (+4.6%)	0.8%	$553.82	+1.1%	COM	55354G100
RSG	REPUBLIC SVCS INC	207,272 (+14.0%)	$43,927 (+5.3%)	0.6%	$205.58	+4.4%	COM	760759100
META	META PLATFORMS INC	242,730 (+12.7%)	$160,224 (+1.3%)	2.2%	$325.83	+104.8%	CL A	30303M102
HWM	HOWMET AEROSPACE INC	13,200 (+187.0%)	$2,706 (+199.8%)	0.0%	$171.04	+16.3%	COM	443201108
AVY	AVERY DENNISON CORP	14,200 (+184.0%)	$2,583 (+218.5%)	0.0%	$171.74	+0.3%	COM	053611109
RMD	RESMED INC	10,420 (+206.5%)	$2,510 (+169.7%)	0.0%	$249.81	+2.3%	COM	761152107
KOF	COCA-COLA FEMSA SAB DE CV	41,903 (+32.7%)	$3,969 (+51.2%)	0.1%	$90.16	—	SPONS ADS REP	191241108
PGR	PROGRESSIVE CORP	126,374 (+13.0%)	$28,778 (+4.2%)	0.4%	$236.54	-10.2%	COM	743315103
AMP	AMERIPRISE FINL INC	4,360 (+81.7%)	$2,138 (+81.3%)	0.0%	$493.82	-4.0%	COM	03076C106
ZTS	ZOETIS INC	263,349 (+19.1%)	$33,135 (+2.4%)	0.5%	$158.48	-17.8%	CL A	98978V103
VLO	VALERO ENERGY CORP	7,600 (+68.9%)	$1,237 (+61.5%)	0.0%	$145.01	+16.4%	COM	91913Y100
NDAQ	NASDAQ INC	30,600 (+4.8%)	$2,972 (+15.1%)	0.0%	$88.93	+0.9%	COM	631103108
BR	BROADRIDGE FINL SOLUTIONS IN	11,700 (+9.3%)	$2,611 (+2.5%)	0.0%	$238.04	-4.5%	COM	11133T103
MPC	MARATHON PETE CORP	15,900 (+20.5%)	$2,586 (+1.6%)	0.0%	$167.31	+11.4%	COM	56585A102
BX	BLACKSTONE INC	376,390 (+10.8%)	$58,017 (-0.1%)	0.8%	$147.74	+2.5%	COM	09260D107

Exited Positions (19)

CMG CHIPOTLE MEXICAN GRILL INC 0.4%

Value ($000) $27,935 Shares 712,816 Est. Cost $55.36 Unrealized -34.7%

INTU INTUIT 0.0%

Value ($000) $3,005 Shares 4,400 Est. Cost $679.23 Unrealized -2.7%

TMUS T-MOBILE US INC 0.0%

Value ($000) $2,825 Shares 11,800 Est. Cost $241.23 Unrealized -12.4%

COR CENCORA INC 0.0%

Value ($000) $2,657 Shares 8,500 Est. Cost $284.92 Unrealized +19.5%

IDXX IDEXX LABS INC 0.0%

Value ($000) $2,619 Shares 4,100 Est. Cost $532.31 Unrealized +27.9%

FERG FERGUSON ENTERPRISES INC 0.0%

Value ($000) $2,560 Shares 11,400 Est. Cost $213.12 Unrealized +11.7%

ACM AECOM 0.0%

Value ($000) $2,518 Shares 19,300 Est. Cost $114.82 Unrealized +2.1%

KO COCA COLA CO 0.0%

Value ($000) $2,489 Shares 37,532 Est. Cost $56.60 Unrealized +22.6%

CCK CROWN HLDGS INC 0.0%

Value ($000) $2,463 Shares 25,500 Est. Cost $98.36 Unrealized -1.0%

EIX EDISON INTL 0.0%

Value ($000) $2,040 Shares 36,900 Est. Cost $53.70 Unrealized +6.8%

LOW LOWES COS INC 0.0%

Value ($000) $1,307 Shares 5,200 Est. Cost $252.48 Unrealized -5.0%

ALLE ALLEGION PLC 0.0%

Value ($000) $1,100 Shares 6,200 Est. Cost $140.48 Unrealized +18.7%

CDW CDW CORP 0.0%

Value ($000) $1,067 Shares 6,700 Est. Cost $173.49 Unrealized -15.2%

PYPL PAYPAL HLDGS INC 0.0%

Value ($000) $966 Shares 14,400 Est. Cost $80.19 Unrealized -19.1%

RPM RPM INTL INC 0.0%

Value ($000) $943 Shares 8,000 Est. Cost $128.10 Unrealized -15.5%

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $921 Shares 2,800 Est. Cost $282.59 Unrealized +28.5%

KLAC KLA CORP 0.0%

Value ($000) $863 Shares 800 Est. Cost $669.07 Unrealized +75.2%

EG EVEREST GROUP LTD 0.0%

Value ($000) $420 Shares 1,200 Est. Cost $337.63 Unrealized -2.2%

ACI ALBERTSONS COS INC 0.0%

Value ($000) $201 Shares 11,500 Est. Cost $19.25 Unrealized -8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMG	CHIPOTLE MEXICAN GRILL INC	712,816	$27,935	0.4%	$55.36	-34.7%	—	169656105
INTU	INTUIT	4,400	$3,005	0.0%	$679.23	-2.7%	—	461202103
TMUS	T-MOBILE US INC	11,800	$2,825	0.0%	$241.23	-12.4%	—	872590104
COR	CENCORA INC	8,500	$2,657	0.0%	$284.92	+19.5%	—	03073E105
IDXX	IDEXX LABS INC	4,100	$2,619	0.0%	$532.31	+27.9%	—	45168D104
FERG	FERGUSON ENTERPRISES INC	11,400	$2,560	0.0%	$213.12	+11.7%	—	31488V107
ACM	AECOM	19,300	$2,518	0.0%	$114.82	+2.1%	—	00766T100
KO	COCA COLA CO	37,532	$2,489	0.0%	$56.60	+22.6%	—	191216100
CCK	CROWN HLDGS INC	25,500	$2,463	0.0%	$98.36	-1.0%	—	228368106
EIX	EDISON INTL	36,900	$2,040	0.0%	$53.70	+6.8%	—	281020107
LOW	LOWES COS INC	5,200	$1,307	0.0%	$252.48	-5.0%	—	548661107
ALLE	ALLEGION PLC	6,200	$1,100	0.0%	$140.48	+18.7%	—	G0176J109
CDW	CDW CORP	6,700	$1,067	0.0%	$173.49	-15.2%	—	12514G108
PYPL	PAYPAL HLDGS INC	14,400	$966	0.0%	$80.19	-19.1%	—	70450Y103
RPM	RPM INTL INC	8,000	$943	0.0%	$128.10	-15.5%	—	749685103
CEG	CONSTELLATION ENERGY CORP	2,800	$921	0.0%	$282.59	+28.5%	—	21037T109
KLAC	KLA CORP	800	$863	0.0%	$669.07	+75.2%	—	482480100
EG	EVEREST GROUP LTD	1,200	$420	0.0%	$337.63	-2.2%	—	G3223R108
ACI	ALBERTSONS COS INC	11,500	$201	0.0%	$19.25	-8.3%	—	013091103

Decreased Positions (18)

LLY ELI LILLY & CO 0.9%

Value ($000) $63,862 (+38.7%) Shares 59,424 (-1.5%) Est. Cost $798.94 Unrealized +19.6%

AJG GALLAGHER ARTHUR J & CO 0.4%

Value ($000) $30,275 (-33.1%) Shares 116,985 (-19.9%) Est. Cost $246.10 Unrealized +7.4%

MA MASTERCARD INCORPORATED 1.2%

Value ($000) $83,958 (-10.9%) Shares 147,067 (-11.2%) Est. Cost $293.18 Unrealized +90.7%

V VISA INC 1.2%

Value ($000) $87,957 (-5.9%) Shares 250,798 (-8.4%) Est. Cost $182.19 Unrealized +86.8%

APH AMPHENOL CORP NEW 1.5%

Value ($000) $108,666 (+5.0%) Shares 804,101 (-3.8%) Est. Cost $54.54 Unrealized +144.8%

WMT WALMART INC 0.5%

Value ($000) $39,160 (-8.5%) Shares 351,491 (-15.4%) Est. Cost $81.65 Unrealized +31.3%

NBIS NEBIUS GROUP N.V. 0.0%

Value ($000) $1,774 (-44.5%) Shares 21,198 (-25.6%) Est. Cost $49.76 Unrealized +108.3%

TT TRANE TECHNOLOGIES PLC 0.0%

Value ($000) $249 (-84.9%) Shares 640 (-83.6%) Est. Cost $400.02 Unrealized +3.4%

WAB WABTEC 0.0%

Value ($000) $1,409 (-45.5%) Shares 6,600 (-48.8%) Est. Cost $195.51 Unrealized +5.0%

PSTG PURE STORAGE INC 0.0%

Value ($000) $523 (-60.0%) Shares 7,800 (-50.0%) Est. Cost $61.14 Unrealized +36.6%

TRV TRAVELERS COMPANIES INC 0.0%

Value ($000) $302 (-70.8%) Shares 1,040 (-71.9%) Est. Cost $260.98 Unrealized +7.5%

HIG HARTFORD INSURANCE GROUP INC 0.0%

Value ($000) $1,971 (-23.1%) Shares 14,300 (-25.5%) Est. Cost $122.76 Unrealized +7.2%

ORCL ORACLE CORP 0.0%

Value ($000) $304 (-55.0%) Shares 1,560 (-35.0%) Est. Cost $164.69 Unrealized +44.5%

PH PARKER-HANNIFIN CORP 0.0%

Value ($000) $2,865 (+14.5%) Shares 3,260 (-1.2%) Est. Cost $701.18 Unrealized +16.6%

APP APPLOVIN CORP 0.0%

Value ($000) $1,442 (-12.7%) Shares 2,140 (-7.0%) Est. Cost $355.43 Unrealized +77.3%

J JACOBS SOLUTIONS INC 0.0%

Value ($000) $1,245 (-12.5%) Shares 9,400 (-1.1%) Est. Cost $129.94 Unrealized +12.7%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $421 (-6.6%) Shares 3,500 (-12.5%) Est. Cost $112.10 Unrealized +3.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $985 (-2.0%) Shares 1,960 (-2.0%) Est. Cost $410.03 Unrealized +21.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	59,424 (-1.5%)	$63,862 (+38.7%)	0.9%	$798.94	+19.6%	COM	532457108
AJG	GALLAGHER ARTHUR J & CO	116,985 (-19.9%)	$30,275 (-33.1%)	0.4%	$246.10	+7.4%	COM	363576109
MA	MASTERCARD INCORPORATED	147,067 (-11.2%)	$83,958 (-10.9%)	1.2%	$293.18	+90.7%	CL A	57636Q104
V	VISA INC	250,798 (-8.4%)	$87,957 (-5.9%)	1.2%	$182.19	+86.8%	COM CL A	92826C839
APH	AMPHENOL CORP NEW	804,101 (-3.8%)	$108,666 (+5.0%)	1.5%	$54.54	+144.8%	CL A	032095101
WMT	WALMART INC	351,491 (-15.4%)	$39,160 (-8.5%)	0.5%	$81.65	+31.3%	COM	931142103
NBIS	NEBIUS GROUP N.V.	21,198 (-25.6%)	$1,774 (-44.5%)	0.0%	$49.76	+108.3%	SHS CLASS A	N97284108
TT	TRANE TECHNOLOGIES PLC	640 (-83.6%)	$249 (-84.9%)	0.0%	$400.02	+3.4%	SHS	G8994E103
WAB	WABTEC	6,600 (-48.8%)	$1,409 (-45.5%)	0.0%	$195.51	+5.0%	COM	929740108
PSTG	PURE STORAGE INC	7,800 (-50.0%)	$523 (-60.0%)	0.0%	$61.14	+36.6%	CL A	74624M102
TRV	TRAVELERS COMPANIES INC	1,040 (-71.9%)	$302 (-70.8%)	0.0%	$260.98	+7.5%	COM	89417E109
HIG	HARTFORD INSURANCE GROUP INC	14,300 (-25.5%)	$1,971 (-23.1%)	0.0%	$122.76	+7.2%	COM	416515104
ORCL	ORACLE CORP	1,560 (-35.0%)	$304 (-55.0%)	0.0%	$164.69	+44.5%	COM	68389X105
PH	PARKER-HANNIFIN CORP	3,260 (-1.2%)	$2,865 (+14.5%)	0.0%	$701.18	+16.6%	COM	701094104
APP	APPLOVIN CORP	2,140 (-7.0%)	$1,442 (-12.7%)	0.0%	$355.43	+77.3%	COM CL A	03831W108
J	JACOBS SOLUTIONS INC	9,400 (-1.1%)	$1,245 (-12.5%)	0.0%	$129.94	+12.7%	COM	46982L108
XOM	EXXON MOBIL CORP	3,500 (-12.5%)	$421 (-6.6%)	0.0%	$112.10	+3.0%	COM	30231G102
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,960 (-2.0%)	$985 (-2.0%)	0.0%	$410.03	+21.3%	CL B NEW	084670702

Unchanged Positions (11)

MAR MARRIOTT INTL INC NEW 1.1%

Value ($000) $75,636 Shares 243,798 Est. Cost $128.67 Unrealized +121.7%

TMO THERMO FISHER SCIENTIFIC INC 1.0%

Value ($000) $73,365 Shares 126,612 Est. Cost $536.19 Unrealized +5.4%

LIN LINDE PLC 1.1%

Value ($000) $77,942 Shares 182,795 Est. Cost $334.38 Unrealized +27.8%

ABT ABBOTT LABS 0.9%

Value ($000) $68,260 Shares 544,814 Est. Cost $91.78 Unrealized +38.7%

EW EDWARDS LIFESCIENCES CORP 0.5%

Value ($000) $37,289 Shares 437,403 Est. Cost $75.54 Unrealized +8.6%

FICO FAIR ISAAC CORP 0.3%

Value ($000) $22,428 Shares 13,266 Est. Cost $1885.36 Unrealized -8.7%

ICE INTERCONTINENTAL EXCHANGE IN 0.7%

Value ($000) $52,039 Shares 321,306 Est. Cost $88.85 Unrealized +75.8%

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $38,977 Shares 118,072 Est. Cost $518.81 Unrealized -35.0%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $8,103 Shares 4,023 Est. Cost $798.31 Unrealized +163.1%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value ($000) $5,141 Shares 62,681 Est. Cost $80.43 Unrealized -3.1%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $1,206 Shares 5,900 Est. Cost $148.06 Unrealized +36.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MAR	MARRIOTT INTL INC NEW	243,798	$75,636	1.1%	$128.67	+121.7%	CL A	571903202
TMO	THERMO FISHER SCIENTIFIC INC	126,612	$73,365	1.0%	$536.19	+5.4%	COM	883556102
LIN	LINDE PLC	182,795	$77,942	1.1%	$334.38	+27.8%	SHS	G54950103
ABT	ABBOTT LABS	544,814	$68,260	0.9%	$91.78	+38.7%	COM	002824100
EW	EDWARDS LIFESCIENCES CORP	437,403	$37,289	0.5%	$75.54	+8.6%	COM	28176E108
FICO	FAIR ISAAC CORP	13,266	$22,428	0.3%	$1885.36	-8.7%	COM	303250104
ICE	INTERCONTINENTAL EXCHANGE IN	321,306	$52,039	0.7%	$88.85	+75.8%	COM	45866F104
UNH	UNITEDHEALTH GROUP INC	118,072	$38,977	0.5%	$518.81	-35.0%	COM	91324P102
MELI	MERCADOLIBRE INC	4,023	$8,103	0.1%	$798.31	+163.1%	COM	58733R102
GEHC	GE HEALTHCARE TECHNOLOGIES I	62,681	$5,141	0.1%	$80.43	-3.1%	COMMON STOCK	36266G107
EA	ELECTRONIC ARTS INC	5,900	$1,206	0.0%	$148.06	+36.2%	COM	285512109