Distillate Capital Partners LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BMY	BRISTOL-MYERS SQUIBB CO	657,723	$35,082	1.8%	$47.53	0.0%	COM	110122108
VST	VISTRA CORP	130,199	$21,005	1.1%	$181.92	0.0%	COM	92840M102
TEL	TE CONNECTIVITY PLC	84,759	$19,284	1.0%	$231.27	0.0%	ORD SHS	G87052109
DHI	D R HORTON INC	132,892	$19,140	1.0%	$152.01	0.0%	COM	23331A109
GPN	GLOBAL PMTS INC	232,519	$17,997	0.9%	$80.29	0.0%	COM	37940X102
THC	TENET HEALTHCARE CORP	88,915	$17,669	0.9%	$202.09	0.0%	COM NEW	88033G407
PAYX	PAYCHEX INC	152,603	$17,119	0.9%	$116.54	0.0%	COM	704326107
STZ	CONSTELLATION BRANDS INC	123,373	$17,021	0.9%	$136.84	0.0%	CL A	21036P108
USFD	US FOODS HLDG CORP	213,495	$16,080	0.8%	$75.09	0.0%	COM	912008109
RMD	RESMED INC	66,725	$16,072	0.8%	$255.44	0.0%	COM	761152107
DGX	QUEST DIAGNOSTICS INC	88,756	$15,402	0.8%	$182.07	0.0%	COM	74834L100
FTV	FORTIVE CORP	278,493	$15,376	0.8%	$51.86	0.0%	COM	34959J108
CSL	CARLISLE COS INC	47,432	$15,172	0.8%	$322.65	0.0%	COM	142339100
PINS	PINTEREST INC	581,189	$15,047	0.8%	$28.79	0.0%	CL A	72352L106
TAP	MOLSON COORS BEVERAGE CO	10	$0	0.0%	$45.79	0.0%	CL B	60871R209
CF	CF INDS HLDGS INC	5	$0	0.0%	$81.93	0.0%	COM	125269100
CHRD	CHORD ENERGY CORPORATION	4	$0	0.0%	$91.97	0.0%	COM NEW	674215207
HRL	HORMEL FOODS CORP	13	$0	0.0%	$23.30	0.0%	COM	440452100
EEFT	EURONET WORLDWIDE INC	3	$0	0.0%	$77.96	0.0%	COM	298736109
CNM	CORE & MAIN INC	4	$0	0.0%	$51.29	0.0%	CL A	21874C102

Increased Positions (22)

UBER UBER TECHNOLOGIES INC 1.5%

Value ($000) $29,760 (+20.1%) Shares 364,220 (+44.1%) Est. Cost $84.68 Unrealized +6.3%

LKQ LKQ CORP 0.8%

Value ($000) $15,407 (+33.6%) Shares 510,178 (+35.1%) Est. Cost $35.03 Unrealized -14.4%

MPC MARATHON PETE CORP 1.2%

Value ($000) $23,787 (+17.8%) Shares 146,262 (+39.7%) Est. Cost $156.87 Unrealized +18.8%

OC OWENS CORNING NEW 0.8%

Value ($000) $14,922 (+27.8%) Shares 133,339 (+61.5%) Est. Cost $150.10 Unrealized -21.8%

CDW CDW CORP 0.8%

Value ($000) $15,592 (+23.7%) Shares 114,479 (+44.6%) Est. Cost $177.40 Unrealized -17.1%

AJG GALLAGHER ARTHUR J & CO 1.0%

Value ($000) $19,731 (+16.6%) Shares 76,243 (+39.6%) Est. Cost $281.31 Unrealized -6.1%

FTI TECHNIPFMC PLC 0.8%

Value ($000) $15,723 (+15.0%) Shares 352,859 (+1.9%) Est. Cost $30.04 Unrealized +40.5%

TMUS T-MOBILE US INC 2.4%

Value ($000) $46,744 (+4.6%) Shares 230,220 (+23.3%) Est. Cost $223.59 Unrealized -5.5%

PYPL PAYPAL HLDGS INC 1.2%

Value ($000) $23,036 (+8.7%) Shares 394,589 (+25.0%) Est. Cost $65.76 Unrealized -1.4%

AYI ACUITY INC 0.8%

Value ($000) $15,037 (+8.6%) Shares 41,765 (+3.9%) Est. Cost $320.04 Unrealized +12.9%

AIT APPLIED INDL TECHNOLOGIES IN 0.7%

Value ($000) $14,079 (+6.0%) Shares 54,832 (+7.8%) Est. Cost $260.77 Unrealized -2.2%

PG PROCTER AND GAMBLE CO 2.0%

Value ($000) $38,890 (-0.9%) Shares 271,371 (+6.2%) Est. Cost $163.47 Unrealized -10.0%

MOS MOSAIC CO NEW 0.0%

Value ($000) $0 (-30.3%) Shares 8 (+700.0%) Est. Cost $26.56 Unrealized +0.7%

SWKS SKYWORKS SOLUTIONS INC 0.0%

Value ($000) $0 (-17.7%) Shares 5 (+400.0%) Est. Cost $74.28 Unrealized -6.5%

CIVI CIVITAS RESOURCES INC 0.0%

Value ($000) $0 (-16.7%) Shares 9 (+800.0%) Est. Cost $29.99 Unrealized -4.9%

ETSY ETSY INC 0.0%

Value ($000) $0 (-16.5%) Shares 2 (+100.0%) Est. Cost $56.64 Unrealized +7.7%

DXC DXC TECHNOLOGY CO 0.0%

Value ($000) $0 (+7.8%) Shares 15 (+1400.0%) Est. Cost $14.15 Unrealized -2.8%

OVV OVINTIV INC 0.0%

Value ($000) $1 (-3.0%) Shares 13 (+1200.0%) Est. Cost $38.99 Unrealized -0.6%

AR ANTERO RESOURCES CORP 0.0%

Value ($000) $1 (+2.8%) Shares 15 (+1400.0%) Est. Cost $33.83 Unrealized +0.1%

DINO HF SINCLAIR CORP 0.0%

Value ($000) $0 (-12.4%) Shares 2 (+100.0%) Est. Cost $49.00 Unrealized +4.7%

SFD SMITHFIELD FOODS INC 0.0%

Value ($000) $0 (-4.8%) Shares 8 (+700.0%) Est. Cost $22.15 Unrealized -1.2%

APA APA CORPORATION 0.0%

Value ($000) $0 (+0.8%) Shares 15 (+1400.0%) Est. Cost $23.99 Unrealized +0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	364,220 (+44.1%)	$29,760 (+20.1%)	1.5%	$84.68	+6.3%	COM	90353T100
LKQ	LKQ CORP	510,178 (+35.1%)	$15,407 (+33.6%)	0.8%	$35.03	-14.4%	COM	501889208
MPC	MARATHON PETE CORP	146,262 (+39.7%)	$23,787 (+17.8%)	1.2%	$156.87	+18.8%	COM	56585A102
OC	OWENS CORNING NEW	133,339 (+61.5%)	$14,922 (+27.8%)	0.8%	$150.10	-21.8%	COM	690742101
CDW	CDW CORP	114,479 (+44.6%)	$15,592 (+23.7%)	0.8%	$177.40	-17.1%	COM	12514G108
AJG	GALLAGHER ARTHUR J & CO	76,243 (+39.6%)	$19,731 (+16.6%)	1.0%	$281.31	-6.1%	COM	363576109
FTI	TECHNIPFMC PLC	352,859 (+1.9%)	$15,723 (+15.0%)	0.8%	$30.04	+40.5%	COM	G87110105
TMUS	T-MOBILE US INC	230,220 (+23.3%)	$46,744 (+4.6%)	2.4%	$223.59	-5.5%	COM	872590104
PYPL	PAYPAL HLDGS INC	394,589 (+25.0%)	$23,036 (+8.7%)	1.2%	$65.76	-1.4%	COM	70450Y103
AYI	ACUITY INC	41,765 (+3.9%)	$15,037 (+8.6%)	0.8%	$320.04	+12.9%	COM	00508Y102
AIT	APPLIED INDL TECHNOLOGIES IN	54,832 (+7.8%)	$14,079 (+6.0%)	0.7%	$260.77	-2.2%	COM	03820C105
PG	PROCTER AND GAMBLE CO	271,371 (+6.2%)	$38,890 (-0.9%)	2.0%	$163.47	-10.0%	COM	742718109
MOS	MOSAIC CO NEW	8 (+700.0%)	$0 (-30.3%)	0.0%	$26.56	+0.7%	COM	61945C103
SWKS	SKYWORKS SOLUTIONS INC	5 (+400.0%)	$0 (-17.7%)	0.0%	$74.28	-6.5%	COM	83088M102
CIVI	CIVITAS RESOURCES INC	9 (+800.0%)	$0 (-16.7%)	0.0%	$29.99	-4.9%	COM NEW	17888H103
ETSY	ETSY INC	2 (+100.0%)	$0 (-16.5%)	0.0%	$56.64	+7.7%	COM	29786A106
DXC	DXC TECHNOLOGY CO	15 (+1400.0%)	$0 (+7.8%)	0.0%	$14.15	-2.8%	COM	23355L106
OVV	OVINTIV INC	13 (+1200.0%)	$1 (-3.0%)	0.0%	$38.99	-0.6%	COM	69047Q102
AR	ANTERO RESOURCES CORP	15 (+1400.0%)	$1 (+2.8%)	0.0%	$33.83	+0.1%	COM	03674X106
DINO	HF SINCLAIR CORP	2 (+100.0%)	$0 (-12.4%)	0.0%	$49.00	+4.7%	COM	403949100
SFD	SMITHFIELD FOODS INC	8 (+700.0%)	$0 (-4.8%)	0.0%	$22.15	-1.2%	COM	832248207
APA	APA CORPORATION	15 (+1400.0%)	$0 (+0.8%)	0.0%	$23.99	+0.6%	COM	03743Q108

Exited Positions (23)

LOW LOWES COS INC 1.3%

Value ($000) $25,215 Shares 100,324 Est. Cost $261.54 Unrealized -8.3%

ELV ELEVANCE HEALTH INC FORMERLY 1.3%

Value ($000) $24,730 Shares 76,502 Est. Cost $466.91 Unrealized -27.9%

HCA HCA HEALTHCARE INC 1.2%

Value ($000) $23,066 Shares 54,117 Est. Cost $346.27 Unrealized +33.9%

FISV FISERV INC 1.2%

Value ($000) $22,717 Shares 176,125 Est. Cost $167.41 Unrealized -49.9%

TGT TARGET CORP 0.9%

Value ($000) $18,328 Shares 204,314 Est. Cost $96.73 Unrealized -5.3%

MPLX MPLX LP 0.9%

Value ($000) $17,677 Shares 353,730 Est. Cost $44.43 Unrealized —

RGLD ROYAL GOLD INC 0.9%

Value ($000) $17,408 Shares 86,744 Est. Cost $144.33 Unrealized +37.4%

AME AMETEK INC 0.8%

Value ($000) $15,764 Shares 83,848 Est. Cost $183.47 Unrealized +5.9%

WAB WABTEC 0.8%

Value ($000) $15,689 Shares 78,262 Est. Cost $197.00 Unrealized +4.2%

JBHT HUNT J B TRANS SVCS INC 0.8%

Value ($000) $14,890 Shares 110,978 Est. Cost $143.22 Unrealized +19.7%

RS RELIANCE INC 0.7%

Value ($000) $14,409 Shares 51,282 Est. Cost $286.12 Unrealized -1.8%

WAT WATERS CORP 0.7%

Value ($000) $13,962 Shares 46,570 Est. Cost $301.75 Unrealized +21.9%

PKG PACKAGING CORP AMER 0.7%

Value ($000) $13,414 Shares 61,551 Est. Cost $224.51 Unrealized -9.9%

BLDR BUILDERS FIRSTSOURCE INC 0.6%

Value ($000) $11,764 Shares 97,019 Est. Cost $176.96 Unrealized -36.5%

— INTERPUBLIC GROUP COS INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $25.59 Unrealized +1.5%

BWA BORGWARNER INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $33.47 Unrealized +30.5%

RRC RANGE RES CORP 0.0%

Value ($000) $0 Shares 1 Est. Cost $33.84 Unrealized +10.1%

PPC PILGRIMS PRIDE CORP 0.0%

Value ($000) $0 Shares 1 Est. Cost $45.36 Unrealized -15.2%

BBWI BATH & BODY WORKS INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $32.79 Unrealized -33.8%

WFRD WEATHERFORD INTL PLC 0.0%

Value ($000) $0 Shares 1 Est. Cost $63.41 Unrealized +14.5%

GAP GAP INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $21.31 Unrealized +12.9%

G GENPACT LIMITED 0.0%

Value ($000) $0 Shares 1 Est. Cost $43.82 Unrealized -1.3%

MAT MATTEL INC 0.0%

Value ($000) $0 Shares 1 Est. Cost $17.80 Unrealized +8.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LOW	LOWES COS INC	100,324	$25,215	1.3%	$261.54	-8.3%	—	548661107
ELV	ELEVANCE HEALTH INC FORMERLY	76,502	$24,730	1.3%	$466.91	-27.9%	—	036752103
HCA	HCA HEALTHCARE INC	54,117	$23,066	1.2%	$346.27	+33.9%	—	40412C101
FISV	FISERV INC	176,125	$22,717	1.2%	$167.41	-49.9%	—	337738108
TGT	TARGET CORP	204,314	$18,328	0.9%	$96.73	-5.3%	—	87612E106
MPLX	MPLX LP	353,730	$17,677	0.9%	$44.43	—	—	55336V100
RGLD	ROYAL GOLD INC	86,744	$17,408	0.9%	$144.33	+37.4%	—	780287108
AME	AMETEK INC	83,848	$15,764	0.8%	$183.47	+5.9%	—	031100100
WAB	WABTEC	78,262	$15,689	0.8%	$197.00	+4.2%	—	929740108
JBHT	HUNT J B TRANS SVCS INC	110,978	$14,890	0.8%	$143.22	+19.7%	—	445658107
RS	RELIANCE INC	51,282	$14,409	0.7%	$286.12	-1.8%	—	759509102
WAT	WATERS CORP	46,570	$13,962	0.7%	$301.75	+21.9%	—	941848103
PKG	PACKAGING CORP AMER	61,551	$13,414	0.7%	$224.51	-9.9%	—	695156109
BLDR	BUILDERS FIRSTSOURCE INC	97,019	$11,764	0.6%	$176.96	-36.5%	—	12008R107
—	INTERPUBLIC GROUP COS INC	1	$0	0.0%	$25.59	+1.5%	—	460690100
BWA	BORGWARNER INC	1	$0	0.0%	$33.47	+30.5%	—	099724106
RRC	RANGE RES CORP	1	$0	0.0%	$33.84	+10.1%	—	75281A109
PPC	PILGRIMS PRIDE CORP	1	$0	0.0%	$45.36	-15.2%	—	72147K108
BBWI	BATH & BODY WORKS INC	1	$0	0.0%	$32.79	-33.8%	—	070830104
WFRD	WEATHERFORD INTL PLC	1	$0	0.0%	$63.41	+14.5%	—	G48833118
GAP	GAP INC	1	$0	0.0%	$21.31	+12.9%	—	364760108
G	GENPACT LIMITED	1	$0	0.0%	$43.82	-1.3%	—	G3922B107
MAT	MATTEL INC	1	$0	0.0%	$17.80	+8.5%	—	577081102

Decreased Positions (66)

JNJ JOHNSON & JOHNSON 2.0%

Value ($000) $38,358 (-26.1%) Shares 185,350 (-33.8%) Est. Cost $147.30 Unrealized +33.7%

FDX FEDEX CORP 1.2%

Value ($000) $23,256 (+21.0%) Shares 80,490 (-1.3%) Est. Cost $228.30 Unrealized +14.6%

JAZZ JAZZ PHARMACEUTICALS PLC 1.0%

Value ($000) $18,671 (+27.2%) Shares 109,828 (-1.4%) Est. Cost $110.42 Unrealized +38.8%

FFIV F5 INC 0.7%

Value ($000) $13,254 (-22.9%) Shares 51,923 (-2.4%) Est. Cost $239.08 Unrealized +12.5%

AMGN AMGEN INC 1.5%

Value ($000) $28,703 (+13.0%) Shares 87,695 (-2.6%) Est. Cost $277.77 Unrealized +13.7%

CRM SALESFORCE INC 1.9%

Value ($000) $36,577 (+9.4%) Shares 138,058 (-2.1%) Est. Cost $262.18 Unrealized -5.3%

ALGN ALIGN TECHNOLOGY INC 0.9%

Value ($000) $17,032 (+22.3%) Shares 109,076 (-1.9%) Est. Cost $194.86 Unrealized -26.5%

ADP AUTOMATIC DATA PROCESSING IN 1.0%

Value ($000) $18,693 (-13.9%) Shares 72,644 (-1.7%) Est. Cost $297.80 Unrealized -11.1%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.8%

Value ($000) $16,458 (+22.0%) Shares 198,292 (-1.4%) Est. Cost $69.45 Unrealized +7.5%

BRO BROWN & BROWN INC 0.7%

Value ($000) $13,394 (-18.1%) Shares 168,060 (-3.5%) Est. Cost $97.18 Unrealized -14.2%

CSCO CISCO SYS INC 1.9%

Value ($000) $36,873 (-7.2%) Shares 481,090 (-17.2%) Est. Cost $49.75 Unrealized +48.3%

PHM PULTE GROUP INC 0.9%

Value ($000) $16,856 (-12.5%) Shares 143,726 (-1.3%) Est. Cost $118.07 Unrealized +3.7%

ABBV ABBVIE INC 2.6%

Value ($000) $50,197 (-4.2%) Shares 219,688 (-2.9%) Est. Cost $158.84 Unrealized +43.3%

CMCSA COMCAST CORP NEW 1.9%

Value ($000) $36,096 (-5.8%) Shares 1,207,612 (-1.9%) Est. Cost $36.28 Unrealized -21.4%

SYY SYSCO CORP 0.8%

Value ($000) $15,262 (-12.3%) Shares 208,551 (-1.3%) Est. Cost $73.94 Unrealized +2.1%

ROP ROPER TECHNOLOGIES INC 0.8%

Value ($000) $14,841 (-12.2%) Shares 33,406 (-1.5%) Est. Cost $531.36 Unrealized -13.0%

ACN ACCENTURE PLC IRELAND 1.6%

Value ($000) $30,761 (+6.9%) Shares 114,650 (-1.7%) Est. Cost $260.61 Unrealized -2.5%

CI THE CIGNA GROUP 1.5%

Value ($000) $29,367 (-6.3%) Shares 106,700 (-1.8%) Est. Cost $327.98 Unrealized -14.9%

PCAR PACCAR INC 1.0%

Value ($000) $19,436 (+9.8%) Shares 177,362 (-1.5%) Est. Cost $96.91 Unrealized +4.4%

SW SMURFIT WESTROCK PLC 0.7%

Value ($000) $13,276 (-11.5%) Shares 343,304 (-2.6%) Est. Cost $45.03 Unrealized -15.3%

KR KROGER CO 0.9%

Value ($000) $17,285 (-8.8%) Shares 276,647 (-1.6%) Est. Cost $57.34 Unrealized +13.7%

NTAP NETAPP INC 0.7%

Value ($000) $12,783 (-11.5%) Shares 119,911 (-1.5%) Est. Cost $110.77 Unrealized +2.6%

GDDY GODADDY INC 0.7%

Value ($000) $13,686 (-10.8%) Shares 110,300 (-1.6%) Est. Cost $171.05 Unrealized -24.3%

NVR NVR INC 0.7%

Value ($000) $13,616 (-10.8%) Shares 1,867 (-1.7%) Est. Cost $7858.92 Unrealized -4.9%

ABNB AIRBNB INC 0.9%

Value ($000) $18,239 (+9.8%) Shares 134,389 (-1.7%) Est. Cost $138.84 Unrealized -10.3%

WSM WILLIAMS SONOMA INC 0.7%

Value ($000) $13,228 (-10.1%) Shares 74,071 (-1.6%) Est. Cost $141.71 Unrealized +32.1%

MAS MASCO CORP 0.6%

Value ($000) $11,566 (-10.8%) Shares 182,255 (-1.1%) Est. Cost $78.41 Unrealized -17.4%

AOS SMITH A O CORP 0.7%

Value ($000) $12,627 (-9.9%) Shares 188,796 (-1.1%) Est. Cost $74.08 Unrealized -9.0%

CTRA COTERRA ENERGY INC 0.8%

Value ($000) $15,187 (+9.2%) Shares 577,019 (-1.8%) Est. Cost $26.99 Unrealized -7.0%

AVY AVERY DENNISON CORP 0.7%

Value ($000) $13,203 (+10.8%) Shares 72,593 (-1.2%) Est. Cost $209.91 Unrealized -17.9%

DBX DROPBOX INC 0.6%

Value ($000) $12,097 (-9.3%) Shares 435,130 (-1.4%) Est. Cost $22.87 Unrealized +27.3%

LMT LOCKHEED MARTIN CORP 1.2%

Value ($000) $24,101 (-4.7%) Shares 49,829 (-1.7%) Est. Cost $527.20 Unrealized -9.7%

EME EMCOR GROUP INC 0.8%

Value ($000) $15,680 (-6.8%) Shares 25,630 (-1.0%) Est. Cost $440.85 Unrealized +46.9%

PR PERMIAN RESOURCES CORP 0.8%

Value ($000) $14,767 (+7.9%) Shares 1,052,511 (-1.5%) Est. Cost $16.16 Unrealized -16.9%

REGN REGENERON PHARMACEUTICALS 1.1%

Value ($000) $21,904 (+4.9%) Shares 28,378 (-23.5%) Est. Cost $768.10 Unrealized -11.6%

ON ON SEMICONDUCTOR CORP 0.7%

Value ($000) $14,228 (+7.7%) Shares 262,751 (-1.8%) Est. Cost $65.06 Unrealized -21.2%

MCK MCKESSON CORP 1.3%

Value ($000) $25,034 (+4.0%) Shares 30,517 (-2.0%) Est. Cost $552.65 Unrealized +47.6%

COR CENCORA INC 0.9%

Value ($000) $17,304 (+5.7%) Shares 51,233 (-2.2%) Est. Cost $286.82 Unrealized +18.8%

CHD CHURCH & DWIGHT CO INC 0.7%

Value ($000) $13,587 (-5.7%) Shares 162,039 (-1.5%) Est. Cost $93.26 Unrealized -8.6%

UNP UNION PAC CORP 1.2%

Value ($000) $23,751 (-3.3%) Shares 102,678 (-1.2%) Est. Cost $223.15 Unrealized +1.9%

UHS UNIVERSAL HLTH SVCS INC 0.8%

Value ($000) $16,314 (+5.2%) Shares 74,829 (-1.4%) Est. Cost $202.68 Unrealized +9.0%

ADBE ADOBE INC 1.4%

Value ($000) $26,515 (-2.7%) Shares 75,758 (-1.9%) Est. Cost $469.45 Unrealized -27.6%

BLD TOPBUILD CORP 0.9%

Value ($000) $17,459 (+4.4%) Shares 41,850 (-2.2%) Est. Cost $398.64 Unrealized +7.6%

FANG DIAMONDBACK ENERGY INC 1.0%

Value ($000) $19,263 (+3.8%) Shares 128,135 (-1.1%) Est. Cost $185.57 Unrealized -20.8%

BKNG BOOKING HOLDINGS INC 1.4%

Value ($000) $27,039 (-2.3%) Shares 5,049 (-1.5%) Est. Cost $3663.68 Unrealized +40.2%

GD GENERAL DYNAMICS CORP 1.0%

Value ($000) $19,772 (-2.9%) Shares 58,731 (-1.6%) Est. Cost $281.95 Unrealized +20.9%

SNA SNAP ON INC 0.8%

Value ($000) $14,709 (-3.8%) Shares 42,685 (-3.2%) Est. Cost $331.71 Unrealized +2.6%

IEX IDEX CORP 0.6%

Value ($000) $11,986 (+5.1%) Shares 67,359 (-3.8%) Est. Cost $175.50 Unrealized -2.7%

CCK CROWN HLDGS INC 0.6%

Value ($000) $12,148 (+5.0%) Shares 117,977 (-1.5%) Est. Cost $94.62 Unrealized +2.9%

TOL TOLL BROTHERS INC 0.8%

Value ($000) $14,669 (-3.4%) Shares 108,485 (-1.3%) Est. Cost $128.21 Unrealized +5.9%

CL COLGATE PALMOLIVE CO 0.9%

Value ($000) $17,293 (-2.8%) Shares 218,848 (-1.7%) Est. Cost $84.64 Unrealized -7.5%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.9%

Value ($000) $16,731 (-2.9%) Shares 191,388 (-1.4%) Est. Cost $62.04 Unrealized +37.4%

DOX AMDOCS LTD 0.6%

Value ($000) $12,365 (-3.8%) Shares 153,520 (-2.0%) Est. Cost $79.16 Unrealized +0.9%

CAH CARDINAL HEALTH INC 1.0%

Value ($000) $19,069 (+2.3%) Shares 93,013 (-21.9%) Est. Cost $153.58 Unrealized +22.2%

ZM ZOOM COMMUNICATIONS INC 0.7%

Value ($000) $14,007 (+2.9%) Shares 162,320 (-1.5%) Est. Cost $77.31 Unrealized +8.9%

CPAY CORPAY INC 0.7%

Value ($000) $12,648 (+3.3%) Shares 42,030 (-1.1%) Est. Cost $351.49 Unrealized -17.4%

JBL JABIL INC 0.8%

Value ($000) $14,774 (+2.7%) Shares 64,791 (-2.2%) Est. Cost $113.85 Unrealized +87.3%

QCOM QUALCOMM INC 1.6%

Value ($000) $31,698 (+1.3%) Shares 185,313 (-1.5%) Est. Cost $159.52 Unrealized +7.1%

TXT TEXTRON INC 0.9%

Value ($000) $16,646 (+1.9%) Shares 190,953 (-1.1%) Est. Cost $74.77 Unrealized +11.9%

ICLR ICON PLC 0.6%

Value ($000) $12,052 (+1.9%) Shares 66,140 (-2.1%) Est. Cost $286.22 Unrealized -37.8%

BDX BECTON DICKINSON & CO 0.9%

Value ($000) $17,969 (+1.1%) Shares 92,590 (-2.5%) Est. Cost $180.47 Unrealized +5.0%

CBOE CBOE GLOBAL MKTS INC 0.9%

Value ($000) $18,255 (+0.8%) Shares 72,728 (-1.5%) Est. Cost $177.20 Unrealized +40.4%

NBIX NEUROCRINE BIOSCIENCES INC 0.7%

Value ($000) $13,125 (-1.0%) Shares 92,539 (-2.0%) Est. Cost $126.68 Unrealized +14.4%

DECK DECKERS OUTDOOR CORP 0.6%

Value ($000) $11,974 (+0.9%) Shares 115,500 (-1.2%) Est. Cost $161.52 Unrealized -42.0%

CROX CROCS INC 0.8%

Value ($000) $15,667 (+0.7%) Shares 183,202 (-1.6%) Est. Cost $107.42 Unrealized -22.1%

MRK MERCK & CO INC 2.4%

Value ($000) $46,799 (-0.1%) Shares 444,426 (-20.4%) Est. Cost $90.12 Unrealized +3.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	JOHNSON & JOHNSON	185,350 (-33.8%)	$38,358 (-26.1%)	2.0%	$147.30	+33.7%	COM	478160104
FDX	FEDEX CORP	80,490 (-1.3%)	$23,256 (+21.0%)	1.2%	$228.30	+14.6%	COM	31428X106
JAZZ	JAZZ PHARMACEUTICALS PLC	109,828 (-1.4%)	$18,671 (+27.2%)	1.0%	$110.42	+38.8%	SHS USD	G50871105
FFIV	F5 INC	51,923 (-2.4%)	$13,254 (-22.9%)	0.7%	$239.08	+12.5%	COM	315616102
AMGN	AMGEN INC	87,695 (-2.6%)	$28,703 (+13.0%)	1.5%	$277.77	+13.7%	COM	031162100
CRM	SALESFORCE INC	138,058 (-2.1%)	$36,577 (+9.4%)	1.9%	$262.18	-5.3%	COM	79466L302
ALGN	ALIGN TECHNOLOGY INC	109,076 (-1.9%)	$17,032 (+22.3%)	0.9%	$194.86	-26.5%	COM	016255101
ADP	AUTOMATIC DATA PROCESSING IN	72,644 (-1.7%)	$18,693 (-13.9%)	1.0%	$297.80	-11.1%	COM	053015103
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	198,292 (-1.4%)	$16,458 (+22.0%)	0.8%	$69.45	+7.5%	CL A	192446102
BRO	BROWN & BROWN INC	168,060 (-3.5%)	$13,394 (-18.1%)	0.7%	$97.18	-14.2%	COM	115236101
CSCO	CISCO SYS INC	481,090 (-17.2%)	$36,873 (-7.2%)	1.9%	$49.75	+48.3%	COM	17275R102
PHM	PULTE GROUP INC	143,726 (-1.3%)	$16,856 (-12.5%)	0.9%	$118.07	+3.7%	COM	745867101
ABBV	ABBVIE INC	219,688 (-2.9%)	$50,197 (-4.2%)	2.6%	$158.84	+43.3%	COM	00287Y109
CMCSA	COMCAST CORP NEW	1,207,612 (-1.9%)	$36,096 (-5.8%)	1.9%	$36.28	-21.4%	CL A	20030N101
SYY	SYSCO CORP	208,551 (-1.3%)	$15,262 (-12.3%)	0.8%	$73.94	+2.1%	COM	871829107
ROP	ROPER TECHNOLOGIES INC	33,406 (-1.5%)	$14,841 (-12.2%)	0.8%	$531.36	-13.0%	COM	776696106
ACN	ACCENTURE PLC IRELAND	114,650 (-1.7%)	$30,761 (+6.9%)	1.6%	$260.61	-2.5%	SHS CLASS A	G1151C101
CI	THE CIGNA GROUP	106,700 (-1.8%)	$29,367 (-6.3%)	1.5%	$327.98	-14.9%	COM	125523100
PCAR	PACCAR INC	177,362 (-1.5%)	$19,436 (+9.8%)	1.0%	$96.91	+4.4%	COM	693718108
SW	SMURFIT WESTROCK PLC	343,304 (-2.6%)	$13,276 (-11.5%)	0.7%	$45.03	-15.3%	SHS	G8267P108
KR	KROGER CO	276,647 (-1.6%)	$17,285 (-8.8%)	0.9%	$57.34	+13.7%	COM	501044101
NTAP	NETAPP INC	119,911 (-1.5%)	$12,783 (-11.5%)	0.7%	$110.77	+2.6%	COM	64110D104
GDDY	GODADDY INC	110,300 (-1.6%)	$13,686 (-10.8%)	0.7%	$171.05	-24.3%	CL A	380237107
NVR	NVR INC	1,867 (-1.7%)	$13,616 (-10.8%)	0.7%	$7858.92	-4.9%	COM	62944T105
ABNB	AIRBNB INC	134,389 (-1.7%)	$18,239 (+9.8%)	0.9%	$138.84	-10.3%	COM CL A	009066101
WSM	WILLIAMS SONOMA INC	74,071 (-1.6%)	$13,228 (-10.1%)	0.7%	$141.71	+32.1%	COM	969904101
MAS	MASCO CORP	182,255 (-1.1%)	$11,566 (-10.8%)	0.6%	$78.41	-17.4%	COM	574599106
AOS	SMITH A O CORP	188,796 (-1.1%)	$12,627 (-9.9%)	0.7%	$74.08	-9.0%	COM	831865209
CTRA	COTERRA ENERGY INC	577,019 (-1.8%)	$15,187 (+9.2%)	0.8%	$26.99	-7.0%	COM	127097103
AVY	AVERY DENNISON CORP	72,593 (-1.2%)	$13,203 (+10.8%)	0.7%	$209.91	-17.9%	COM	053611109
DBX	DROPBOX INC	435,130 (-1.4%)	$12,097 (-9.3%)	0.6%	$22.87	+27.3%	CL A	26210C104
LMT	LOCKHEED MARTIN CORP	49,829 (-1.7%)	$24,101 (-4.7%)	1.2%	$527.20	-9.7%	COM	539830109
EME	EMCOR GROUP INC	25,630 (-1.0%)	$15,680 (-6.8%)	0.8%	$440.85	+46.9%	COM	29084Q100
PR	PERMIAN RESOURCES CORP	1,052,511 (-1.5%)	$14,767 (+7.9%)	0.8%	$16.16	-16.9%	CLASS A COM	71424F105
REGN	REGENERON PHARMACEUTICALS	28,378 (-23.5%)	$21,904 (+4.9%)	1.1%	$768.10	-11.6%	COM	75886F107
ON	ON SEMICONDUCTOR CORP	262,751 (-1.8%)	$14,228 (+7.7%)	0.7%	$65.06	-21.2%	COM	682189105
MCK	MCKESSON CORP	30,517 (-2.0%)	$25,034 (+4.0%)	1.3%	$552.65	+47.6%	COM	58155Q103
COR	CENCORA INC	51,233 (-2.2%)	$17,304 (+5.7%)	0.9%	$286.82	+18.8%	COM	03073E105
CHD	CHURCH & DWIGHT CO INC	162,039 (-1.5%)	$13,587 (-5.7%)	0.7%	$93.26	-8.6%	COM	171340102
UNP	UNION PAC CORP	102,678 (-1.2%)	$23,751 (-3.3%)	1.2%	$223.15	+1.9%	COM	907818108
UHS	UNIVERSAL HLTH SVCS INC	74,829 (-1.4%)	$16,314 (+5.2%)	0.8%	$202.68	+9.0%	CL B	913903100
ADBE	ADOBE INC	75,758 (-1.9%)	$26,515 (-2.7%)	1.4%	$469.45	-27.6%	COM	00724F101
BLD	TOPBUILD CORP	41,850 (-2.2%)	$17,459 (+4.4%)	0.9%	$398.64	+7.6%	COM	89055F103
FANG	DIAMONDBACK ENERGY INC	128,135 (-1.1%)	$19,263 (+3.8%)	1.0%	$185.57	-20.8%	COM	25278X109
BKNG	BOOKING HOLDINGS INC	5,049 (-1.5%)	$27,039 (-2.3%)	1.4%	$3663.68	+40.2%	COM	09857L108
GD	GENERAL DYNAMICS CORP	58,731 (-1.6%)	$19,772 (-2.9%)	1.0%	$281.95	+20.9%	COM	369550108
SNA	SNAP ON INC	42,685 (-3.2%)	$14,709 (-3.8%)	0.8%	$331.71	+2.6%	COM	833034101
IEX	IDEX CORP	67,359 (-3.8%)	$11,986 (+5.1%)	0.6%	$175.50	-2.7%	COM	45167R104
CCK	CROWN HLDGS INC	117,977 (-1.5%)	$12,148 (+5.0%)	0.6%	$94.62	+2.9%	COM	228368106
TOL	TOLL BROTHERS INC	108,485 (-1.3%)	$14,669 (-3.4%)	0.8%	$128.21	+5.9%	COM	889478103
CL	COLGATE PALMOLIVE CO	218,848 (-1.7%)	$17,293 (-2.8%)	0.9%	$84.64	-7.5%	COM	194162103
SSNC	SS&C TECHNOLOGIES HLDGS INC	191,388 (-1.4%)	$16,731 (-2.9%)	0.9%	$62.04	+37.4%	COM	78467J100
DOX	AMDOCS LTD	153,520 (-2.0%)	$12,365 (-3.8%)	0.6%	$79.16	+0.9%	SHS	G02602103
CAH	CARDINAL HEALTH INC	93,013 (-21.9%)	$19,069 (+2.3%)	1.0%	$153.58	+22.2%	COM	14149Y108
ZM	ZOOM COMMUNICATIONS INC	162,320 (-1.5%)	$14,007 (+2.9%)	0.7%	$77.31	+8.9%	CL A	98980L101
CPAY	CORPAY INC	42,030 (-1.1%)	$12,648 (+3.3%)	0.7%	$351.49	-17.4%	COM SHS	219948106
JBL	JABIL INC	64,791 (-2.2%)	$14,774 (+2.7%)	0.8%	$113.85	+87.3%	COM	466313103
QCOM	QUALCOMM INC	185,313 (-1.5%)	$31,698 (+1.3%)	1.6%	$159.52	+7.1%	COM	747525103
TXT	TEXTRON INC	190,953 (-1.1%)	$16,646 (+1.9%)	0.9%	$74.77	+11.9%	COM	883203101
ICLR	ICON PLC	66,140 (-2.1%)	$12,052 (+1.9%)	0.6%	$286.22	-37.8%	SHS	G4705A100
BDX	BECTON DICKINSON & CO	92,590 (-2.5%)	$17,969 (+1.1%)	0.9%	$180.47	+5.0%	COM	075887109
CBOE	CBOE GLOBAL MKTS INC	72,728 (-1.5%)	$18,255 (+0.8%)	0.9%	$177.20	+40.4%	COM	12503M108
NBIX	NEUROCRINE BIOSCIENCES INC	92,539 (-2.0%)	$13,125 (-1.0%)	0.7%	$126.68	+14.4%	COM	64125C109
DECK	DECKERS OUTDOOR CORP	115,500 (-1.2%)	$11,974 (+0.9%)	0.6%	$161.52	-42.0%	COM	243537107
CROX	CROCS INC	183,202 (-1.6%)	$15,667 (+0.7%)	0.8%	$107.42	-22.1%	COM	227046109
MRK	MERCK & CO INC	444,426 (-20.4%)	$46,799 (-0.1%)	2.4%	$90.12	+3.5%	COM	58933Y105

Unchanged Positions (8)

EPAM EPAM SYS INC 0.8%

Value ($000) $15,451 Shares 75,413 Est. Cost $214.70 Unrealized -17.0%

MO ALTRIA GROUP INC 1.2%

Value ($000) $23,824 Shares 413,178 Est. Cost $39.26 Unrealized +51.2%

MRSH MARSH & MCLENNAN COS INC 1.0%

Value ($000) $18,987 Shares 102,346 Est. Cost $204.01 Unrealized -8.6%

LII LENNOX INTL INC 0.7%

Value ($000) $12,931 Shares 26,626 Est. Cost $581.04 Unrealized -14.0%

CACI CACI INTL INC 0.8%

Value ($000) $14,992 Shares 28,138 Est. Cost $483.42 Unrealized +16.9%

IT GARTNER INC 0.8%

Value ($000) $14,608 Shares 57,903 Est. Cost $291.66 Unrealized -17.5%

FDS FACTSET RESH SYS INC 0.8%

Value ($000) $14,591 Shares 50,280 Est. Cost $379.72 Unrealized -26.3%

OMC OMNICOM GROUP INC 0.7%

Value ($000) $14,464 Shares 179,012 Est. Cost $89.49 Unrealized -15.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EPAM	EPAM SYS INC	75,413	$15,451	0.8%	$214.70	-17.0%	COM	29414B104
MO	ALTRIA GROUP INC	413,178	$23,824	1.2%	$39.26	+51.2%	COM	02209S103
MRSH	MARSH & MCLENNAN COS INC	102,346	$18,987	1.0%	$204.01	-8.6%	COM	571748102
LII	LENNOX INTL INC	26,626	$12,931	0.7%	$581.04	-14.0%	COM	526107107
CACI	CACI INTL INC	28,138	$14,992	0.8%	$483.42	+16.9%	CL A	127190304
IT	GARTNER INC	57,903	$14,608	0.8%	$291.66	-17.5%	COM	366651107
FDS	FACTSET RESH SYS INC	50,280	$14,591	0.8%	$379.72	-26.3%	COM	303075105
OMC	OMNICOM GROUP INC	179,012	$14,464	0.7%	$89.49	-15.3%	COM	681919106