DNCA FINANCE Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	4,502,331	$293,947	17.0%	$63.23	0.0%	ACT	F92124100
NEM	NEWMONT CORP	191,508	$19,122	1.1%	$90.20	0.0%	COM	651639106
GM	GENERAL MTRS CO	151,000	$12,279	0.7%	$70.40	0.0%	COM	37045V100
ITUB	ITAU UNIBANCO HLDG S A	1,457,582	$10,436	0.6%	$7.16	—	SPON ADR REP PFD	465562106
DXCM	DEXCOM INC	47,000	$3,119	0.2%	$64.65	0.0%	COM	252131107
MDLN	MEDLINE INC	55,000	$2,310	0.1%	$42.23	0.0%	COM CL A	58507V107
GEV	GE VERNOVA INC	1,850	$1,209	0.1%	$609.04	0.0%	COM	36828A101
SXT	SENSIENT TECHNOLOGIES CORP	12,215	$1,148	0.1%	$94.35	0.0%	COM	81725T100
—	NUTANIX INC	1,150,000	$1,110	0.1%	$0.97	—	NOTE 0.500%12/1	67059NAK4
MICC	MAGNUM ICE CREAM CO NV	55,154	$882	0.1%	$15.68	0.0%	ORD SHS	N5505D105
—	DATADOG INC	870,000	$872	0.1%	$1.00	—	NOTE 12/0	23804LAD5
—	AFFIRM HLDGS INC	590,000	$657	0.0%	$1.11	—	NOTE 0.750%12/1	00827BAD8
—	GUIDEWIRE SOFTWARE INC	380,000	$419	0.0%	$1.10	—	NOTE 1.250%11/0	40171VAC4
GOOG	ALPHABET INC	335	$105	0.0%	$286.33	0.0%	CAP STK CL C	02079K107

Increased Positions (23)

RACE FERRARI N V 5.0%

Value ($000) $86,736 (+151.8%) Shares 231,729 (+225.4%) Est. Cost $408.88 Unrealized -2.1%

NFLX NETFLIX INC 1.5%

Value ($000) $25,456 (-41.5%) Shares 271,500 (+648.3%) Est. Cost $105.40 Unrealized +2.3%

STLA STELLANTIS N.V 0.9%

Value ($000) $15,879 (+519.9%) Shares 1,429,562 (+415.8%) Est. Cost $12.50 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.2%

Value ($000) $19,966 (+184.0%) Shares 65,700 (+161.0%) Est. Cost $254.58 Unrealized —

HWM HOWMET AEROSPACE INC 0.7%

Value ($000) $11,789 (+500.8%) Shares 57,501 (+475.0%) Est. Cost $193.59 Unrealized +2.8%

SGI SOMNIGROUP INTERNATIONAL INC 0.6%

Value ($000) $10,803 (+294.2%) Shares 121,000 (+272.3%) Est. Cost $85.06 Unrealized +2.7%

— QIAGEN NV 1.8%

Value ($000) $31,570 (+27.6%) Shares 691,821 (+23.9%) Est. Cost $47.33 Unrealized —

AMD ADVANCED MICRO DEVICES INC 1.0%

Value ($000) $16,512 (+62.1%) Shares 77,100 (+22.5%) Est. Cost $155.78 Unrealized +44.2%

V VISA INC 3.9%

Value ($000) $67,738 (+9.7%) Shares 193,146 (+6.7%) Est. Cost $287.09 Unrealized +18.6%

AMZN AMAZON COM INC 3.0%

Value ($000) $52,050 (+10.4%) Shares 225,500 (+5.0%) Est. Cost $203.92 Unrealized +12.2%

MSFT MICROSOFT CORP 5.0%

Value ($000) $87,174 (-4.5%) Shares 180,253 (+2.3%) Est. Cost $430.12 Unrealized +16.4%

MMM 3M CO 1.0%

Value ($000) $17,779 (+14.6%) Shares 111,050 (+11.1%) Est. Cost $147.75 Unrealized +10.4%

APP APPLOVIN CORP 0.6%

Value ($000) $11,185 (+24.5%) Shares 16,600 (+32.8%) Est. Cost $502.87 Unrealized +25.3%

ADSK AUTODESK INC 0.7%

Value ($000) $12,521 (+21.3%) Shares 42,300 (+30.2%) Est. Cost $296.22 Unrealized +2.1%

KLAR KLARNA GROUP PLC 0.2%

Value ($000) $3,382 (+84.6%) Shares 117,000 (+134.0%) Est. Cost $37.86 Unrealized -9.3%

NOW SERVICENOW INC 0.4%

Value ($000) $7,292 (-16.8%) Shares 47,600 (+400.0%) Est. Cost $169.49 Unrealized +1.2%

AMAT APPLIED MATLS INC 0.3%

Value ($000) $5,397 (+28.6%) Shares 21,000 (+2.4%) Est. Cost $182.18 Unrealized +31.5%

JPM JPMORGAN CHASE & CO. 1.4%

Value ($000) $24,719 (+4.2%) Shares 76,714 (+2.0%) Est. Cost $192.54 Unrealized +60.8%

PANW PALO ALTO NETWORKS INC 1.2%

Value ($000) $20,833 (-4.0%) Shares 113,100 (+6.1%) Est. Cost $173.30 Unrealized +16.4%

NEE NEXTERA ENERGY INC 0.2%

Value ($000) $2,797 (+14.5%) Shares 34,835 (+7.7%) Est. Cost $69.91 Unrealized +18.0%

— SPOTIFY USA INC 0.1%

Value ($000) $1,309 (+24.0%) Shares 1,150,000 (+49.4%) Est. Cost $1.04 Unrealized —

— LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $512 (+28.3%) Shares 400,000 (+33.3%) Est. Cost $1.25 Unrealized —

VLTO VERALTO CORP 0.1%

Value ($000) $974 (+7.5%) Shares 9,760 (+14.8%) Est. Cost $99.65 Unrealized +1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RACE	FERRARI N V	231,729 (+225.4%)	$86,736 (+151.8%)	5.0%	$408.88	-2.1%	COM	N3167Y103
NFLX	NETFLIX INC	271,500 (+648.3%)	$25,456 (-41.5%)	1.5%	$105.40	+2.3%	COM	64110L106
STLA	STELLANTIS N.V	1,429,562 (+415.8%)	$15,879 (+519.9%)	0.9%	$12.50	—	SHS	N82405106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	65,700 (+161.0%)	$19,966 (+184.0%)	1.2%	$254.58	—	SPONSORED ADS	874039100
HWM	HOWMET AEROSPACE INC	57,501 (+475.0%)	$11,789 (+500.8%)	0.7%	$193.59	+2.8%	COM	443201108
SGI	SOMNIGROUP INTERNATIONAL INC	121,000 (+272.3%)	$10,803 (+294.2%)	0.6%	$85.06	+2.7%	COM	88023U101
—	QIAGEN NV	691,821 (+23.9%)	$31,570 (+27.6%)	1.8%	$47.33	—	COM SHS	N72482206
AMD	ADVANCED MICRO DEVICES INC	77,100 (+22.5%)	$16,512 (+62.1%)	1.0%	$155.78	+44.2%	COM	007903107
V	VISA INC	193,146 (+6.7%)	$67,738 (+9.7%)	3.9%	$287.09	+18.6%	COM CL A	92826C839
AMZN	AMAZON COM INC	225,500 (+5.0%)	$52,050 (+10.4%)	3.0%	$203.92	+12.2%	COM	023135106
MSFT	MICROSOFT CORP	180,253 (+2.3%)	$87,174 (-4.5%)	5.0%	$430.12	+16.4%	COM	594918104
MMM	3M CO	111,050 (+11.1%)	$17,779 (+14.6%)	1.0%	$147.75	+10.4%	COM	88579Y101
APP	APPLOVIN CORP	16,600 (+32.8%)	$11,185 (+24.5%)	0.6%	$502.87	+25.3%	COM CL A	03831W108
ADSK	AUTODESK INC	42,300 (+30.2%)	$12,521 (+21.3%)	0.7%	$296.22	+2.1%	COM	052769106
KLAR	KLARNA GROUP PLC	117,000 (+134.0%)	$3,382 (+84.6%)	0.2%	$37.86	-9.3%	SHS	G5279N105
NOW	SERVICENOW INC	47,600 (+400.0%)	$7,292 (-16.8%)	0.4%	$169.49	+1.2%	COM	81762P102
AMAT	APPLIED MATLS INC	21,000 (+2.4%)	$5,397 (+28.6%)	0.3%	$182.18	+31.5%	COM	038222105
JPM	JPMORGAN CHASE & CO.	76,714 (+2.0%)	$24,719 (+4.2%)	1.4%	$192.54	+60.8%	COM	46625H100
PANW	PALO ALTO NETWORKS INC	113,100 (+6.1%)	$20,833 (-4.0%)	1.2%	$173.30	+16.4%	COM	697435105
NEE	NEXTERA ENERGY INC	34,835 (+7.7%)	$2,797 (+14.5%)	0.2%	$69.91	+18.0%	COM	65339F101
—	SPOTIFY USA INC	1,150,000 (+49.4%)	$1,309 (+24.0%)	0.1%	$1.04	—	NOTE 3/1	84921RAB6
—	LIBERTY MEDIA CORP DEL	400,000 (+33.3%)	$512 (+28.3%)	0.0%	$1.25	—	NOTE 2.250% 8/1	531229AQ5
VLTO	VERALTO CORP	9,760 (+14.8%)	$974 (+7.5%)	0.1%	$99.65	+1.4%	COM SHS	92338C103

Exited Positions (15)

HD HOME DEPOT INC 0.9%

Value ($000) $15,195 Shares 37,500 Est. Cost $338.72 Unrealized +7.6%

LIN LINDE PLC 0.8%

Value ($000) $14,250 Shares 30,000 Est. Cost $434.59 Unrealized -1.7%

MELI MERCADOLIBRE INC 0.8%

Value ($000) $13,692 Shares 5,859 Est. Cost $1900.42 Unrealized +10.5%

DIS DISNEY WALT CO 0.7%

Value ($000) $11,897 Shares 103,901 Est. Cost $102.81 Unrealized +6.5%

MDT MEDTRONIC PLC 0.3%

Value ($000) $5,386 Shares 56,550 Est. Cost $80.37 Unrealized +20.9%

KKR KKR & CO INC 0.2%

Value ($000) $3,584 Shares 27,577 Est. Cost $141.65 Unrealized -12.3%

CRCL CIRCLE INTERNET GROUP INC 0.2%

Value ($000) $3,447 Shares 26,000 Est. Cost $160.94 Unrealized -35.8%

— LUMENTUM HLDGS INC N 0.1%

Value ($000) $1,328 Shares 950,000 Est. Cost $0.96 Unrealized —

— ON SEMICONDUCTOR CORP N 0.1%

Value ($000) $1,085 Shares 1,170,000 Est. Cost $0.94 Unrealized —

— GLOBAL PMTS INC N 0.1%

Value ($000) $918 Shares 1,000,000 Est. Cost $0.95 Unrealized —

— SHOPIFY INC N 0.0%

Value ($000) $579 Shares 550,000 Est. Cost $1.01 Unrealized —

— VARONIS SYS INC N 0.0%

Value ($000) $542 Shares 500,000 Est. Cost $1.08 Unrealized —

— HAEMONETICS CORP MASS N 0.0%

Value ($000) $512 Shares 550,000 Est. Cost $1.00 Unrealized —

HDB HDFC BANK LTD 0.0%

Value ($000) $328 Shares 9,600 Est. Cost $64.33 Unrealized —

— DEXCOM INC N 0.0%

Value ($000) $320 Shares 350,000 Est. Cost $0.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HD	HOME DEPOT INC	37,500	$15,195	0.9%	$338.72	+7.6%	—	437076102
LIN	LINDE PLC	30,000	$14,250	0.8%	$434.59	-1.7%	—	G54950103
MELI	MERCADOLIBRE INC	5,859	$13,692	0.8%	$1900.42	+10.5%	—	58733R102
DIS	DISNEY WALT CO	103,901	$11,897	0.7%	$102.81	+6.5%	—	254687106
MDT	MEDTRONIC PLC	56,550	$5,386	0.3%	$80.37	+20.9%	—	G5960L103
KKR	KKR & CO INC	27,577	$3,584	0.2%	$141.65	-12.3%	—	48251W104
CRCL	CIRCLE INTERNET GROUP INC	26,000	$3,447	0.2%	$160.94	-35.8%	—	172573107
—	LUMENTUM HLDGS INC N	950,000	$1,328	0.1%	$0.96	—	—	55024UAF6
—	ON SEMICONDUCTOR CORP N	1,170,000	$1,085	0.1%	$0.94	—	—	682189AU9
—	GLOBAL PMTS INC N	1,000,000	$918	0.1%	$0.95	—	—	37940XAU6
—	SHOPIFY INC N	550,000	$579	0.0%	$1.01	—	—	82509LAA5
—	VARONIS SYS INC N	500,000	$542	0.0%	$1.08	—	—	922280AD4
—	HAEMONETICS CORP MASS N	550,000	$512	0.0%	$1.00	—	—	405024AD2
HDB	HDFC BANK LTD	9,600	$328	0.0%	$64.33	—	—	40415F101
—	DEXCOM INC N	350,000	$320	0.0%	$0.89	—	—	252131AM9

Decreased Positions (30)

FLUT FLUTTER ENTMT PLC 1.7%

Value ($000) $30,155 (-58.8%) Shares 138,989 (-50.5%) Est. Cost $203.31 Unrealized +10.6%

ORCL ORACLE CORP 1.0%

Value ($000) $18,127 (-54.3%) Shares 93,000 (-34.0%) Est. Cost $184.23 Unrealized +29.2%

META META PLATFORMS INC 3.9%

Value ($000) $67,923 (-15.1%) Shares 102,900 (-5.5%) Est. Cost $537.42 Unrealized +24.2%

VRT VERTIV HOLDINGS CO 0.5%

Value ($000) $8,807 (-54.3%) Shares 54,360 (-57.4%) Est. Cost $122.18 Unrealized +42.1%

SPOT SPOTIFY TECHNOLOGY S A 0.7%

Value ($000) $12,776 (-43.4%) Shares 22,000 (-32.0%) Est. Cost $486.70 Unrealized +28.4%

UBER UBER TECHNOLOGIES INC 0.6%

Value ($000) $10,786 (-43.1%) Shares 132,000 (-31.8%) Est. Cost $88.06 Unrealized +2.3%

GOOGL ALPHABET INC 5.1%

Value ($000) $88,319 (+9.9%) Shares 282,169 (-14.6%) Est. Cost $187.72 Unrealized +52.1%

VEEV VEEVA SYS INC 0.3%

Value ($000) $6,015 (-47.6%) Shares 26,946 (-30.1%) Est. Cost $222.83 Unrealized +19.1%

DE DEERE & CO 0.9%

Value ($000) $15,331 (-25.5%) Shares 32,930 (-26.8%) Est. Cost $384.39 Unrealized +21.7%

BKNG BOOKING HOLDINGS INC 0.7%

Value ($000) $12,258 (-27.9%) Shares 2,289 (-27.3%) Est. Cost $5101.41 Unrealized +0.7%

SNPS SYNOPSYS INC 0.4%

Value ($000) $6,318 (-38.1%) Shares 13,450 (-35.0%) Est. Cost $551.57 Unrealized -19.5%

DHI D R HORTON INC 0.8%

Value ($000) $14,561 (-18.2%) Shares 101,095 (-3.7%) Est. Cost $146.00 Unrealized +4.1%

AVGO BROADCOM INC 3.0%

Value ($000) $52,043 (-5.5%) Shares 150,370 (-10.0%) Est. Cost $174.11 Unrealized +105.0%

INTU INTUIT 0.3%

Value ($000) $5,200 (-30.8%) Shares 7,850 (-28.6%) Est. Cost $654.41 Unrealized +1.0%

— AEROVIRONMENT INC 0.3%

Value ($000) $5,998 (-25.8%) Shares 5,500,000 (-16.0%) Est. Cost $1.23 Unrealized —

DDOG DATADOG INC 0.4%

Value ($000) $6,500 (-21.7%) Shares 47,800 (-18.0%) Est. Cost $129.61 Unrealized +21.9%

ZTS ZOETIS INC 0.1%

Value ($000) $1,158 (-60.0%) Shares 9,200 (-53.5%) Est. Cost $171.00 Unrealized -23.8%

WMT WALMART INC 2.9%

Value ($000) $49,553 (+3.2%) Shares 444,782 (-4.5%) Est. Cost $90.73 Unrealized +18.2%

TOST TOAST INC 0.3%

Value ($000) $5,621 (-21.3%) Shares 158,300 (-19.1%) Est. Cost $33.00 Unrealized +9.3%

— SNOWFLAKE INC 0.1%

Value ($000) $928 (-37.8%) Shares 600,000 (-36.8%) Est. Cost $1.57 Unrealized —

LLY ELI LILLY & CO 0.1%

Value ($000) $2,101 (+31.1%) Shares 1,955 (-6.9%) Est. Cost $790.93 Unrealized +20.8%

WM WASTE MGMT INC DEL 0.1%

Value ($000) $1,198 (-28.6%) Shares 5,452 (-28.3%) Est. Cost $211.11 Unrealized +0.7%

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value ($000) $3,054 (+8.6%) Shares 5,270 (-9.1%) Est. Cost $566.99 Unrealized -0.3%

FSLR FIRST SOLAR INC 0.1%

Value ($000) $1,332 (-14.8%) Shares 5,100 (-28.1%) Est. Cost $215.34 Unrealized +17.1%

— WAYFAIR INC 0.0%

Value ($000) $255 (-47.1%) Shares 150,000 (-53.1%) Est. Cost $1.14 Unrealized —

— REPLIGEN CORP 0.0%

Value ($000) $605 (-25.3%) Shares 550,000 (-31.3%) Est. Cost $1.02 Unrealized —

— TRIP COM GROUP LTD 0.0%

Value ($000) $740 (-17.7%) Shares 600,000 (-14.3%) Est. Cost $1.11 Unrealized —

— AKAMAI TECHNOLOGIES INC 0.0%

Value ($000) $248 (-34.1%) Shares 250,000 (-37.5%) Est. Cost $0.98 Unrealized —

— H WORLD GROUP LTD 0.0%

Value ($000) $256 (-24.1%) Shares 200,000 (-33.3%) Est. Cost $1.12 Unrealized —

— RIVIAN AUTOMOTIVE INC 0.1%

Value ($000) $1,528 (+0.1%) Shares 1,350,000 (-16.7%) Est. Cost $0.91 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLUT	FLUTTER ENTMT PLC	138,989 (-50.5%)	$30,155 (-58.8%)	1.7%	$203.31	+10.6%	SHS	G3643J108
ORCL	ORACLE CORP	93,000 (-34.0%)	$18,127 (-54.3%)	1.0%	$184.23	+29.2%	COM	68389X105
META	META PLATFORMS INC	102,900 (-5.5%)	$67,923 (-15.1%)	3.9%	$537.42	+24.2%	CL A	30303M102
VRT	VERTIV HOLDINGS CO	54,360 (-57.4%)	$8,807 (-54.3%)	0.5%	$122.18	+42.1%	COM CL A	92537N108
SPOT	SPOTIFY TECHNOLOGY S A	22,000 (-32.0%)	$12,776 (-43.4%)	0.7%	$486.70	+28.4%	SHS	L8681T102
UBER	UBER TECHNOLOGIES INC	132,000 (-31.8%)	$10,786 (-43.1%)	0.6%	$88.06	+2.3%	COM	90353T100
GOOGL	ALPHABET INC	282,169 (-14.6%)	$88,319 (+9.9%)	5.1%	$187.72	+52.1%	CAP STK CL A	02079K305
VEEV	VEEVA SYS INC	26,946 (-30.1%)	$6,015 (-47.6%)	0.3%	$222.83	+19.1%	CL A COM	922475108
DE	DEERE & CO	32,930 (-26.8%)	$15,331 (-25.5%)	0.9%	$384.39	+21.7%	COM	244199105
BKNG	BOOKING HOLDINGS INC	2,289 (-27.3%)	$12,258 (-27.9%)	0.7%	$5101.41	+0.7%	COM	09857L108
SNPS	SYNOPSYS INC	13,450 (-35.0%)	$6,318 (-38.1%)	0.4%	$551.57	-19.5%	COM	871607107
DHI	D R HORTON INC	101,095 (-3.7%)	$14,561 (-18.2%)	0.8%	$146.00	+4.1%	COM	23331A109
AVGO	BROADCOM INC	150,370 (-10.0%)	$52,043 (-5.5%)	3.0%	$174.11	+105.0%	COM	11135F101
INTU	INTUIT	7,850 (-28.6%)	$5,200 (-30.8%)	0.3%	$654.41	+1.0%	COM	461202103
—	AEROVIRONMENT INC	5,500,000 (-16.0%)	$5,998 (-25.8%)	0.3%	$1.23	—	NOTE 7/1	008073AA6
DDOG	DATADOG INC	47,800 (-18.0%)	$6,500 (-21.7%)	0.4%	$129.61	+21.9%	CL A COM	23804L103
ZTS	ZOETIS INC	9,200 (-53.5%)	$1,158 (-60.0%)	0.1%	$171.00	-23.8%	CL A	98978V103
WMT	WALMART INC	444,782 (-4.5%)	$49,553 (+3.2%)	2.9%	$90.73	+18.2%	COM	931142103
TOST	TOAST INC	158,300 (-19.1%)	$5,621 (-21.3%)	0.3%	$33.00	+9.3%	CL A	888787108
—	SNOWFLAKE INC	600,000 (-36.8%)	$928 (-37.8%)	0.1%	$1.57	—	NOTE 10/0	833445AD1
LLY	ELI LILLY & CO	1,955 (-6.9%)	$2,101 (+31.1%)	0.1%	$790.93	+20.8%	COM	532457108
WM	WASTE MGMT INC DEL	5,452 (-28.3%)	$1,198 (-28.6%)	0.1%	$211.11	+0.7%	COM	94106L109
TMO	THERMO FISHER SCIENTIFIC INC	5,270 (-9.1%)	$3,054 (+8.6%)	0.2%	$566.99	-0.3%	COM	883556102
FSLR	FIRST SOLAR INC	5,100 (-28.1%)	$1,332 (-14.8%)	0.1%	$215.34	+17.1%	COM	336433107
—	WAYFAIR INC	150,000 (-53.1%)	$255 (-47.1%)	0.0%	$1.14	—	NOTE 3.250% 9/1	94419LAP6
—	REPLIGEN CORP	550,000 (-31.3%)	$605 (-25.3%)	0.0%	$1.02	—	NOTE 1.000%12/1	759916AD1
—	TRIP COM GROUP LTD	600,000 (-14.3%)	$740 (-17.7%)	0.0%	$1.11	—	NOTE 0.750% 6/1	89677QAB3
—	AKAMAI TECHNOLOGIES INC	250,000 (-37.5%)	$248 (-34.1%)	0.0%	$0.98	—	NOTE 1.125% 2/1	00971TAN1
—	H WORLD GROUP LTD	200,000 (-33.3%)	$256 (-24.1%)	0.0%	$1.12	—	NOTE 3.000% 5/0	44332NAB2
—	RIVIAN AUTOMOTIVE INC	1,350,000 (-16.7%)	$1,528 (+0.1%)	0.1%	$0.91	—	NOTE 3.625%10/1	76954AAD5

Unchanged Positions (41)

MU MICRON TECHNOLOGY INC 0.7%

Value ($000) $12,258 Shares 42,950 Est. Cost $108.64 Unrealized +111.1%

CRH CRH PLC 4.1%

Value ($000) $70,869 Shares 548,199 Est. Cost $79.00 Unrealized +50.8%

ISRG INTUITIVE SURGICAL INC 0.8%

Value ($000) $13,564 Shares 23,950 Est. Cost $467.84 Unrealized +13.8%

AAPL APPLE INC 2.6%

Value ($000) $44,721 Shares 164,500 Est. Cost $220.20 Unrealized +21.9%

GS GOLDMAN SACHS GROUP INC 1.6%

Value ($000) $28,304 Shares 32,200 Est. Cost $561.78 Unrealized +44.8%

CRM SALESFORCE INC 1.0%

Value ($000) $17,378 Shares 65,600 Est. Cost $258.73 Unrealized -4.1%

ANET ARISTA NETWORKS INC 0.8%

Value ($000) $13,529 Shares 103,250 Est. Cost $97.17 Unrealized +41.7%

TT TRANE TECHNOLOGIES PLC 1.0%

Value ($000) $17,631 Shares 45,300 Est. Cost $331.22 Unrealized +24.9%

DOLE DOLE PLC 0.5%

Value ($000) $9,434 Shares 629,370 Est. Cost $11.83 Unrealized +17.8%

ROP ROPER TECHNOLOGIES INC 0.3%

Value ($000) $5,876 Shares 13,200 Est. Cost $548.27 Unrealized -15.7%

CRWD CROWDSTRIKE HLDGS INC 0.7%

Value ($000) $12,178 Shares 25,980 Est. Cost $366.96 Unrealized +38.8%

NDAQ NASDAQ INC 0.3%

Value ($000) $5,493 Shares 56,550 Est. Cost $76.27 Unrealized +17.7%

DHR DANAHER CORPORATION 0.2%

Value ($000) $2,976 Shares 13,000 Est. Cost $249.31 Unrealized -11.9%

INTC INTEL CORP 0.2%

Value ($000) $4,059 Shares 110,000 Est. Cost $24.23 Unrealized +55.9%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $4,305 Shares 16,045 Est. Cost $288.25 Unrealized -11.9%

SYK STRYKER CORPORATION 0.3%

Value ($000) $5,525 Shares 15,720 Est. Cost $333.33 Unrealized +9.0%

XYL XYLEM INC 0.2%

Value ($000) $3,153 Shares 23,150 Est. Cost $130.55 Unrealized +10.0%

SNOW SNOWFLAKE INC 0.4%

Value ($000) $6,680 Shares 30,450 Est. Cost $165.45 Unrealized +47.5%

— UBER TECHNOLOGIES INC 0.1%

Value ($000) $1,314 Shares 1,010,000 Est. Cost $1.12 Unrealized —

— MKS INC. 0.1%

Value ($000) $896 Shares 700,000 Est. Cost $0.99 Unrealized —

WAB WABTEC 0.1%

Value ($000) $1,934 Shares 9,060 Est. Cost $158.48 Unrealized +29.6%

MA MASTERCARD INCORPORATED 1.8%

Value ($000) $30,999 Shares 54,300 Est. Cost $521.39 Unrealized +7.2%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $1,365 Shares 11,400 Est. Cost $70.86 Unrealized +62.0%

NVDA NVIDIA CORPORATION 4.7%

Value ($000) $81,385 Shares 436,382 Est. Cost $105.52 Unrealized +76.4%

— PARSONS CORP DEL 0.0%

Value ($000) $781 Shares 750,000 Est. Cost $1.00 Unrealized —

— EXPEDIA GROUP INC 0.0%

Value ($000) $616 Shares 550,000 Est. Cost $0.92 Unrealized —

— CLOUDFLARE INC 0.1%

Value ($000) $923 Shares 780,000 Est. Cost $0.92 Unrealized —

— HALOZYME THERAPEUTICS INC 0.0%

Value ($000) $839 Shares 630,000 Est. Cost $1.15 Unrealized —

— JD.COM INC 0.0%

Value ($000) $652 Shares 650,000 Est. Cost $1.04 Unrealized —

— EXACT SCIENCES CORP 0.0%

Value ($000) $464 Shares 450,000 Est. Cost $0.86 Unrealized —

ADBE ADOBE INC 0.3%

Value ($000) $5,673 Shares 16,210 Est. Cost $496.63 Unrealized -31.5%

— NEXTERA ENERGY CAP HLDGS INC 0.0%

Value ($000) $564 Shares 450,000 Est. Cost $1.16 Unrealized —

— NIO INC 0.0%

Value ($000) $165 Shares 180,000 Est. Cost $1.06 Unrealized —

— FORD MTR CO 0.0%

Value ($000) $675 Shares 650,000 Est. Cost $1.01 Unrealized —

PCOR PROCORE TECHNOLOGIES INC 0.3%

Value ($000) $4,950 Shares 68,050 Est. Cost $69.74 Unrealized +6.1%

— SHIFT4 PMTS INC 0.0%

Value ($000) $618 Shares 640,000 Est. Cost $1.00 Unrealized —

— FLUOR CORP 0.0%

Value ($000) $230 Shares 200,000 Est. Cost $1.22 Unrealized —

— DROPBOX INC 0.0%

Value ($000) $252 Shares 250,000 Est. Cost $0.91 Unrealized —

— WORKIVA INC 0.0%

Value ($000) $350 Shares 350,000 Est. Cost $0.95 Unrealized —

— DROPBOX INC 0.0%

Value ($000) $596 Shares 600,000 Est. Cost $0.93 Unrealized —

— BENTLEY SYS INC 0.0%

Value ($000) $566 Shares 600,000 Est. Cost $0.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	42,950	$12,258	0.7%	$108.64	+111.1%	COM	595112103
CRH	CRH PLC	548,199	$70,869	4.1%	$79.00	+50.8%	ORD	G25508105
ISRG	INTUITIVE SURGICAL INC	23,950	$13,564	0.8%	$467.84	+13.8%	COM NEW	46120E602
AAPL	APPLE INC	164,500	$44,721	2.6%	$220.20	+21.9%	COM	037833100
GS	GOLDMAN SACHS GROUP INC	32,200	$28,304	1.6%	$561.78	+44.8%	COM	38141G104
CRM	SALESFORCE INC	65,600	$17,378	1.0%	$258.73	-4.1%	COM	79466L302
ANET	ARISTA NETWORKS INC	103,250	$13,529	0.8%	$97.17	+41.7%	COM SHS	040413205
TT	TRANE TECHNOLOGIES PLC	45,300	$17,631	1.0%	$331.22	+24.9%	SHS	G8994E103
DOLE	DOLE PLC	629,370	$9,434	0.5%	$11.83	+17.8%	ORD SHS	G27907107
ROP	ROPER TECHNOLOGIES INC	13,200	$5,876	0.3%	$548.27	-15.7%	COM	776696106
CRWD	CROWDSTRIKE HLDGS INC	25,980	$12,178	0.7%	$366.96	+38.8%	CL A	22788C105
NDAQ	NASDAQ INC	56,550	$5,493	0.3%	$76.27	+17.7%	COM	631103108
DHR	DANAHER CORPORATION	13,000	$2,976	0.2%	$249.31	-11.9%	COM	235851102
INTC	INTEL CORP	110,000	$4,059	0.2%	$24.23	+55.9%	COM	458140100
ACN	ACCENTURE PLC IRELAND	16,045	$4,305	0.2%	$288.25	-11.9%	SHS CLASS A	G1151C101
SYK	STRYKER CORPORATION	15,720	$5,525	0.3%	$333.33	+9.0%	COM	863667101
XYL	XYLEM INC	23,150	$3,153	0.2%	$130.55	+10.0%	COM	98419M100
SNOW	SNOWFLAKE INC	30,450	$6,680	0.4%	$165.45	+47.5%	COM SHS	833445109
—	UBER TECHNOLOGIES INC	1,010,000	$1,314	0.1%	$1.12	—	NOTE 0.875%12/0	90353TAM2
—	MKS INC.	700,000	$896	0.1%	$0.99	—	NOTE 1.250% 6/0	55306NAB0
WAB	WABTEC	9,060	$1,934	0.1%	$158.48	+29.6%	COM	929740108
MA	MASTERCARD INCORPORATED	54,300	$30,999	1.8%	$521.39	+7.2%	CL A	57636Q104
JCI	JOHNSON CTLS INTL PLC	11,400	$1,365	0.1%	$70.86	+62.0%	SHS	G51502105
NVDA	NVIDIA CORPORATION	436,382	$81,385	4.7%	$105.52	+76.4%	COM	67066G104
—	PARSONS CORP DEL	750,000	$781	0.0%	$1.00	—	NOTE 2.625% 3/0	70202LAD4
—	EXPEDIA GROUP INC	550,000	$616	0.0%	$0.92	—	NOTE 2/1	30212PBE4
—	CLOUDFLARE INC	780,000	$923	0.1%	$0.92	—	NOTE 8/1	18915MAC1
—	HALOZYME THERAPEUTICS INC	630,000	$839	0.0%	$1.15	—	NOTE 1.000% 8/1	40637HAF6
—	JD.COM INC	650,000	$652	0.0%	$1.04	—	NOTE 0.250% 6/0	47215PAJ5
—	EXACT SCIENCES CORP	450,000	$464	0.0%	$0.86	—	NOTE 0.375% 3/0	30063PAC9
ADBE	ADOBE INC	16,210	$5,673	0.3%	$496.63	-31.5%	COM	00724F101
—	NEXTERA ENERGY CAP HLDGS INC	450,000	$564	0.0%	$1.16	—	NOTE 3.000% 3/0	65339KCY4
—	NIO INC	180,000	$165	0.0%	$1.06	—	NOTE 4.625%10/1	62914VAK2
—	FORD MTR CO	650,000	$675	0.0%	$1.01	—	NOTE 3/1	345370CZ1
PCOR	PROCORE TECHNOLOGIES INC	68,050	$4,950	0.3%	$69.74	+6.1%	COM	74275K108
—	SHIFT4 PMTS INC	640,000	$618	0.0%	$1.00	—	NOTE 0.500% 8/0	82452JAD1
—	FLUOR CORP	200,000	$230	0.0%	$1.22	—	NOTE 1.125% 8/1	343412AJ1
—	DROPBOX INC	250,000	$252	0.0%	$0.91	—	NOTE 3/0	26210CAD6
—	WORKIVA INC	350,000	$350	0.0%	$0.95	—	NOTE 1.250% 8/1	98139AAD7
—	DROPBOX INC	600,000	$596	0.0%	$0.93	—	NOTE 3/0	26210CAC8
—	BENTLEY SYS INC	600,000	$566	0.0%	$0.90	—	NOTE 0.375% 7/0	08265TAD1