Taikang Asset Management (Hong Kong) Co Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FUTU	FUTU HLDGS LTD	182,605	$29,986	3.0%	$164.21	—	SPON ADS CL A	36118L106
LITE	LUMENTUM HLDGS INC	56,230	$20,726	2.0%	$256.82	0.0%	COM	55024U109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	59,275	$18,013	1.8%	$303.89	—	SPONSORED ADS	874039100
QXO	QXO INC	590,759	$11,396	1.1%	$19.16	0.0%	COM NEW	82846H405
MU	MICRON TECHNOLOGY INC	27,329	$7,800	0.8%	$229.35	0.0%	COM	595112103
XPEV	XPENG INC	308,737	$6,261	0.6%	$20.28	—	ADS	98422D105
ALGN	ALIGN TECHNOLOGY INC	36,473	$5,695	0.6%	$143.30	0.0%	COM	016255101
AMT	AMERICAN TOWER CORP NEW	30,204	$5,303	0.5%	$180.30	0.0%	COM	03027X100
LMT	LOCKHEED MARTIN CORP	9,621	$4,653	0.5%	$476.18	0.0%	COM	539830109
CARR	CARRIER GLOBAL CORPORATION	84,220	$4,450	0.4%	$55.53	0.0%	COM	14448C104
J	JACOBS SOLUTIONS INC	25,227	$3,342	0.3%	$146.41	0.0%	COM	46982L108
BIDU	BAIDU INC	11,000	$1,437	0.1%	$130.66	—	SPON ADR REP A	056752108
SOXX	ISHARES TR	1,940	$584	0.1%	$301.15	—	ISHARES SEMICDTR	464287523
NBP	I MAB	128,765	$512	0.1%	$3.98	—	SPONSORED ADS	44975P103
CSIQ	CANADIAN SOLAR INC	2,900	$69	0.0%	$21.80	0.0%	COM	136635109

Increased Positions (35)

GOOG ALPHABET INC 5.1%

Value ($000) $51,076 (+129.2%) Shares 162,766 (+77.9%) Est. Cost $226.56 Unrealized +26.4%

SNPS SYNOPSYS INC 1.6%

Value ($000) $15,888 (+350.2%) Shares 33,825 (+372.9%) Est. Cost $439.61 Unrealized +1.1%

GOOGL ALPHABET INC 3.7%

Value ($000) $36,937 (+30.2%) Shares 118,010 (+1.2%) Est. Cost $166.67 Unrealized +71.4%

AMZN AMAZON COM INC 2.8%

Value ($000) $28,571 (+33.4%) Shares 123,781 (+26.9%) Est. Cost $194.95 Unrealized +17.4%

CMG CHIPOTLE MEXICAN GRILL INC 0.9%

Value ($000) $8,859 (+265.8%) Shares 239,427 (+287.4%) Est. Cost $41.91 Unrealized -13.7%

NOW SERVICENOW INC 0.2%

Value ($000) $2,187 (-67.7%) Shares 14,275 (+94.3%) Est. Cost $173.98 Unrealized -1.4%

FISV FISERV INC 0.8%

Value ($000) $8,238 (-33.2%) Shares 122,649 (+28.2%) Est. Cost $141.08 Unrealized -40.6%

V VISA INC 2.0%

Value ($000) $20,205 (+25.3%) Shares 57,611 (+21.9%) Est. Cost $270.08 Unrealized +26.0%

AVGO BROADCOM INC 0.8%

Value ($000) $7,927 (+93.2%) Shares 22,903 (+84.1%) Est. Cost $329.16 Unrealized +8.5%

MSFT MICROSOFT CORP 3.1%

Value ($000) $31,646 (+12.5%) Shares 65,435 (+20.5%) Est. Cost $365.20 Unrealized +37.1%

CFG CITIZENS FINL GROUP INC 0.6%

Value ($000) $6,118 (+129.0%) Shares 104,741 (+108.4%) Est. Cost $46.37 Unrealized +15.6%

USB US BANCORP DEL 1.5%

Value ($000) $15,440 (+28.4%) Shares 289,357 (+16.3%) Est. Cost $45.27 Unrealized +7.6%

IQV IQVIA HLDGS INC 1.0%

Value ($000) $10,491 (+32.4%) Shares 46,543 (+11.5%) Est. Cost $193.12 Unrealized +12.7%

META META PLATFORMS INC 0.8%

Value ($000) $8,546 (+42.2%) Shares 12,946 (+58.2%) Est. Cost $598.35 Unrealized +11.5%

SPOT SPOTIFY TECHNOLOGY S A 1.0%

Value ($000) $9,824 (+31.2%) Shares 16,918 (+57.7%) Est. Cost $672.13 Unrealized -7.0%

COP CONOCOPHILLIPS 1.1%

Value ($000) $10,623 (+28.0%) Shares 113,480 (+29.3%) Est. Cost $94.92 Unrealized -5.2%

QCOM QUALCOMM INC 1.0%

Value ($000) $9,891 (+30.1%) Shares 57,826 (+26.6%) Est. Cost $165.69 Unrealized +3.1%

CPAY CORPAY INC 1.2%

Value ($000) $11,743 (+23.6%) Shares 39,021 (+18.3%) Est. Cost $331.38 Unrealized -12.4%

ADBE ADOBE INC 0.7%

Value ($000) $6,675 (+45.7%) Shares 19,071 (+46.8%) Est. Cost $384.06 Unrealized -11.4%

APG API GROUP CORP 0.9%

Value ($000) $8,748 (+28.3%) Shares 228,646 (+15.3%) Est. Cost $29.89 Unrealized +23.7%

TCOM TRIP COM GROUP LTD 0.6%

Value ($000) $5,753 (+47.6%) Shares 80,000 (+54.4%) Est. Cost $66.85 Unrealized —

AJG GALLAGHER ARTHUR J & CO 1.5%

Value ($000) $15,452 (+13.1%) Shares 59,708 (+35.4%) Est. Cost $283.63 Unrealized -6.8%

AVTR AVANTOR INC 0.6%

Value ($000) $5,576 (+41.9%) Shares 486,565 (+54.5%) Est. Cost $12.68 Unrealized -2.9%

QQQ INVESCO QQQ TR 0.4%

Value ($000) $3,934 (+64.1%) Shares 6,404 (+60.3%) Est. Cost $575.22 Unrealized —

ELV ELEVANCE HEALTH INC 1.1%

Value ($000) $11,316 (+14.3%) Shares 32,280 (+5.4%) Est. Cost $389.86 Unrealized -13.6%

PPL PPL CORP 0.7%

Value ($000) $7,512 (+20.0%) Shares 214,501 (+27.3%) Est. Cost $35.52 Unrealized +0.9%

WFC WELLS FARGO CO NEW 0.5%

Value ($000) $4,652 (+34.9%) Shares 49,915 (+21.3%) Est. Cost $75.97 Unrealized +14.0%

GDS GDS HLDGS LTD 0.7%

Value ($000) $6,980 (+20.2%) Shares 200,000 (+33.3%) Est. Cost $35.51 Unrealized —

EFX EQUIFAX INC 1.0%

Value ($000) $10,371 (-9.9%) Shares 47,797 (+6.6%) Est. Cost $247.59 Unrealized -11.7%

URI UNITED RENTALS INC 1.0%

Value ($000) $10,062 (+12.7%) Shares 12,433 (+33.0%) Est. Cost $737.90 Unrealized +17.5%

PDD PDD HOLDINGS INC 1.1%

Value ($000) $10,847 (-8.1%) Shares 95,665 (+7.1%) Est. Cost $103.03 Unrealized —

UBER UBER TECHNOLOGIES INC 0.8%

Value ($000) $7,904 (-4.2%) Shares 96,731 (+14.9%) Est. Cost $85.39 Unrealized +5.5%

NTES NETEASE INC 0.8%

Value ($000) $8,532 (+2.1%) Shares 62,000 (+12.7%) Est. Cost $110.89 Unrealized —

ADSK AUTODESK INC 0.3%

Value ($000) $3,251 (-2.9%) Shares 10,982 (+4.2%) Est. Cost $264.44 Unrealized +14.4%

BZ KANZHUN LIMITED 0.1%

Value ($000) $877 (-6.1%) Shares 43,040 (+7.6%) Est. Cost $23.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	162,766 (+77.9%)	$51,076 (+129.2%)	5.1%	$226.56	+26.4%	CAP STK CL C	02079K107
SNPS	SYNOPSYS INC	33,825 (+372.9%)	$15,888 (+350.2%)	1.6%	$439.61	+1.1%	COM	871607107
GOOGL	ALPHABET INC	118,010 (+1.2%)	$36,937 (+30.2%)	3.7%	$166.67	+71.4%	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	123,781 (+26.9%)	$28,571 (+33.4%)	2.8%	$194.95	+17.4%	COM	023135106
CMG	CHIPOTLE MEXICAN GRILL INC	239,427 (+287.4%)	$8,859 (+265.8%)	0.9%	$41.91	-13.7%	COM	169656105
NOW	SERVICENOW INC	14,275 (+94.3%)	$2,187 (-67.7%)	0.2%	$173.98	-1.4%	COM	81762P102
FISV	FISERV INC	122,649 (+28.2%)	$8,238 (-33.2%)	0.8%	$141.08	-40.6%	COM	337738108
V	VISA INC	57,611 (+21.9%)	$20,205 (+25.3%)	2.0%	$270.08	+26.0%	COM CL A	92826C839
AVGO	BROADCOM INC	22,903 (+84.1%)	$7,927 (+93.2%)	0.8%	$329.16	+8.5%	COM	11135F101
MSFT	MICROSOFT CORP	65,435 (+20.5%)	$31,646 (+12.5%)	3.1%	$365.20	+37.1%	COM	594918104
CFG	CITIZENS FINL GROUP INC	104,741 (+108.4%)	$6,118 (+129.0%)	0.6%	$46.37	+15.6%	COM	174610105
USB	US BANCORP DEL	289,357 (+16.3%)	$15,440 (+28.4%)	1.5%	$45.27	+7.6%	COM NEW	902973304
IQV	IQVIA HLDGS INC	46,543 (+11.5%)	$10,491 (+32.4%)	1.0%	$193.12	+12.7%	COM	46266C105
META	META PLATFORMS INC	12,946 (+58.2%)	$8,546 (+42.2%)	0.8%	$598.35	+11.5%	CL A	30303M102
SPOT	SPOTIFY TECHNOLOGY S A	16,918 (+57.7%)	$9,824 (+31.2%)	1.0%	$672.13	-7.0%	SHS	L8681T102
COP	CONOCOPHILLIPS	113,480 (+29.3%)	$10,623 (+28.0%)	1.1%	$94.92	-5.2%	COM	20825C104
QCOM	QUALCOMM INC	57,826 (+26.6%)	$9,891 (+30.1%)	1.0%	$165.69	+3.1%	COM	747525103
CPAY	CORPAY INC	39,021 (+18.3%)	$11,743 (+23.6%)	1.2%	$331.38	-12.4%	COM SHS	219948106
ADBE	ADOBE INC	19,071 (+46.8%)	$6,675 (+45.7%)	0.7%	$384.06	-11.4%	COM	00724F101
APG	API GROUP CORP	228,646 (+15.3%)	$8,748 (+28.3%)	0.9%	$29.89	+23.7%	COM STK	00187Y100
TCOM	TRIP COM GROUP LTD	80,000 (+54.4%)	$5,753 (+47.6%)	0.6%	$66.85	—	ADS	89677Q107
AJG	GALLAGHER ARTHUR J & CO	59,708 (+35.4%)	$15,452 (+13.1%)	1.5%	$283.63	-6.8%	COM	363576109
AVTR	AVANTOR INC	486,565 (+54.5%)	$5,576 (+41.9%)	0.6%	$12.68	-2.9%	COM	05352A100
QQQ	INVESCO QQQ TR	6,404 (+60.3%)	$3,934 (+64.1%)	0.4%	$575.22	—	UNIT SER 1	46090E103
ELV	ELEVANCE HEALTH INC	32,280 (+5.4%)	$11,316 (+14.3%)	1.1%	$389.86	-13.6%	COM	036752103
PPL	PPL CORP	214,501 (+27.3%)	$7,512 (+20.0%)	0.7%	$35.52	+0.9%	COM	69351T106
WFC	WELLS FARGO CO NEW	49,915 (+21.3%)	$4,652 (+34.9%)	0.5%	$75.97	+14.0%	COM	949746101
GDS	GDS HLDGS LTD	200,000 (+33.3%)	$6,980 (+20.2%)	0.7%	$35.51	—	SPONSORED ADS	36165L108
EFX	EQUIFAX INC	47,797 (+6.6%)	$10,371 (-9.9%)	1.0%	$247.59	-11.7%	COM	294429105
URI	UNITED RENTALS INC	12,433 (+33.0%)	$10,062 (+12.7%)	1.0%	$737.90	+17.5%	COM	911363109
PDD	PDD HOLDINGS INC	95,665 (+7.1%)	$10,847 (-8.1%)	1.1%	$103.03	—	SPONSORED ADS	722304102
UBER	UBER TECHNOLOGIES INC	96,731 (+14.9%)	$7,904 (-4.2%)	0.8%	$85.39	+5.5%	COM	90353T100
NTES	NETEASE INC	62,000 (+12.7%)	$8,532 (+2.1%)	0.8%	$110.89	—	SPONSORED ADS	64110W102
ADSK	AUTODESK INC	10,982 (+4.2%)	$3,251 (-2.9%)	0.3%	$264.44	+14.4%	COM	052769106
BZ	KANZHUN LIMITED	43,040 (+7.6%)	$877 (-6.1%)	0.1%	$23.15	—	SPONSORED ADS	48553T106

Exited Positions (9)

GEHC GE HEALTHCARE TECHNOLOGIES I 1.0%

Value ($000) $10,278 Shares 136,859 Est. Cost $71.20 Unrealized +9.4%

BK BANK NEW YORK MELLON CORP 0.6%

Value ($000) $5,860 Shares 53,781 Est. Cost $82.84 Unrealized +33.4%

NXPI NXP SEMICONDUCTORS N V 0.5%

Value ($000) $5,257 Shares 23,083 Est. Cost $230.31 Unrealized -7.2%

MRVL MARVELL TECHNOLOGY INC 0.4%

Value ($000) $4,085 Shares 48,596 Est. Cost $94.12 Unrealized -7.1%

BLD TOPBUILD CORP 0.2%

Value ($000) $2,245 Shares 5,745 Est. Cost $374.27 Unrealized +14.6%

IQ IQIYI INC 0.1%

Value ($000) $1,024 Shares 400,000 Est. Cost $2.56 Unrealized —

MRSH MARSH & MCLENNAN COS INC 0.1%

Value ($000) $1,001 Shares 4,965 Est. Cost $204.01 Unrealized -8.6%

TME TENCENT MUSIC ENTMT GROUP 0.0%

Value ($000) $335 Shares 14,366 Est. Cost $14.41 Unrealized —

HTHT H WORLD GROUP LTD 0.0%

Value ($000) $200 Shares 5,111 Est. Cost $37.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEHC	GE HEALTHCARE TECHNOLOGIES I	136,859	$10,278	1.0%	$71.20	+9.4%	—	36266G107
BK	BANK NEW YORK MELLON CORP	53,781	$5,860	0.6%	$82.84	+33.4%	—	064058100
NXPI	NXP SEMICONDUCTORS N V	23,083	$5,257	0.5%	$230.31	-7.2%	—	N6596X109
MRVL	MARVELL TECHNOLOGY INC	48,596	$4,085	0.4%	$94.12	-7.1%	—	573874104
BLD	TOPBUILD CORP	5,745	$2,245	0.2%	$374.27	+14.6%	—	89055F103
IQ	IQIYI INC	400,000	$1,024	0.1%	$2.56	—	—	46267X108
MRSH	MARSH & MCLENNAN COS INC	4,965	$1,001	0.1%	$204.01	-8.6%	—	571748102
TME	TENCENT MUSIC ENTMT GROUP	14,366	$335	0.0%	$14.41	—	—	88034P109
HTHT	H WORLD GROUP LTD	5,111	$200	0.0%	$37.01	—	—	44332N106

Decreased Positions (19)

BABA ALIBABA GROUP HLDG LTD 3.1%

Value ($000) $31,739 (-34.9%) Shares 216,527 (-20.6%) Est. Cost $262.76 Unrealized —

VOO VANGUARD INDEX FDS 5.2%

Value ($000) $52,311 (-20.3%) Shares 83,414 (-22.2%) Est. Cost $523.41 Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 0.1%

Value ($000) $526 (-94.6%) Shares 1,600 (-94.3%) Est. Cost $299.52 Unrealized +9.0%

NVDA NVIDIA CORPORATION 4.0%

Value ($000) $40,887 (-17.2%) Shares 219,234 (-17.2%) Est. Cost $113.60 Unrealized +63.8%

VMC VULCAN MATLS CO 0.1%

Value ($000) $859 (-86.4%) Shares 3,010 (-85.3%) Est. Cost $254.40 Unrealized +15.2%

EFA ISHARES TR 1.9%

Value ($000) $19,095 (-20.6%) Shares 198,844 (-22.8%) Est. Cost $85.04 Unrealized —

PM PHILIP MORRIS INTL INC 2.1%

Value ($000) $20,913 (-14.0%) Shares 130,379 (-13.1%) Est. Cost $134.42 Unrealized +14.2%

UNH UNITEDHEALTH GROUP INC 1.2%

Value ($000) $11,787 (-22.2%) Shares 35,707 (-18.7%) Est. Cost $386.53 Unrealized -12.8%

BRO BROWN & BROWN INC 0.9%

Value ($000) $9,591 (-21.9%) Shares 120,345 (-8.1%) Est. Cost $97.18 Unrealized -14.2%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $2,883 (-44.7%) Shares 4,975 (-53.7%) Est. Cost $518.82 Unrealized +8.9%

ROP ROPER TECHNOLOGIES INC 0.8%

Value ($000) $7,683 (-21.8%) Shares 17,260 (-12.4%) Est. Cost $531.36 Unrealized -13.0%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.0%

Value ($000) $9,853 (-12.8%) Shares 35,777 (-25.2%) Est. Cost $169.71 Unrealized +52.6%

INTU INTUIT 0.4%

Value ($000) $4,164 (-21.7%) Shares 6,286 (-19.3%) Est. Cost $540.81 Unrealized +22.2%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $4,004 (-21.7%) Shares 17,583 (-15.0%) Est. Cost $245.10 Unrealized -13.4%

BE BLOOM ENERGY CORP 0.2%

Value ($000) $1,758 (-35.7%) Shares 20,235 (-37.4%) Est. Cost $46.44 Unrealized +126.3%

CRM SALESFORCE INC 0.7%

Value ($000) $7,395 (-11.4%) Shares 27,915 (-20.7%) Est. Cost $260.74 Unrealized -4.8%

TRU TRANSUNION 0.0%

Value ($000) $362 (-68.1%) Shares 4,223 (-68.8%) Est. Cost $86.74 Unrealized -5.3%

ISRG INTUITIVE SURGICAL INC 0.5%

Value ($000) $4,602 (+17.1%) Shares 8,125 (-7.5%) Est. Cost $370.05 Unrealized +43.9%

TEL TE CONNECTIVITY PLC 1.0%

Value ($000) $10,399 (+0.5%) Shares 45,706 (-3.0%) Est. Cost $156.37 Unrealized +47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	216,527 (-20.6%)	$31,739 (-34.9%)	3.1%	$262.76	—	SPONSORED ADS	01609W102
VOO	VANGUARD INDEX FDS	83,414 (-22.2%)	$52,311 (-20.3%)	5.2%	$523.41	—	S&P 500 ETF SHS	922908363
WTW	WILLIS TOWERS WATSON PLC LTD	1,600 (-94.3%)	$526 (-94.6%)	0.1%	$299.52	+9.0%	SHS	G96629103
NVDA	NVIDIA CORPORATION	219,234 (-17.2%)	$40,887 (-17.2%)	4.0%	$113.60	+63.8%	COM	67066G104
VMC	VULCAN MATLS CO	3,010 (-85.3%)	$859 (-86.4%)	0.1%	$254.40	+15.2%	COM	929160109
EFA	ISHARES TR	198,844 (-22.8%)	$19,095 (-20.6%)	1.9%	$85.04	—	MSCI EAFE ETF	464287465
PM	PHILIP MORRIS INTL INC	130,379 (-13.1%)	$20,913 (-14.0%)	2.1%	$134.42	+14.2%	COM	718172109
UNH	UNITEDHEALTH GROUP INC	35,707 (-18.7%)	$11,787 (-22.2%)	1.2%	$386.53	-12.8%	COM	91324P102
BRO	BROWN & BROWN INC	120,345 (-8.1%)	$9,591 (-21.9%)	0.9%	$97.18	-14.2%	COM	115236101
TMO	THERMO FISHER SCIENTIFIC INC	4,975 (-53.7%)	$2,883 (-44.7%)	0.3%	$518.82	+8.9%	COM	883556102
ROP	ROPER TECHNOLOGIES INC	17,260 (-12.4%)	$7,683 (-21.8%)	0.8%	$531.36	-13.0%	COM	776696106
STX	SEAGATE TECHNOLOGY HLDNGS PL	35,777 (-25.2%)	$9,853 (-12.8%)	1.0%	$169.71	+52.6%	ORD SHS	G7997R103
INTU	INTUIT	6,286 (-19.3%)	$4,164 (-21.7%)	0.4%	$540.81	+22.2%	COM	461202103
PGR	PROGRESSIVE CORP	17,583 (-15.0%)	$4,004 (-21.7%)	0.4%	$245.10	-13.4%	COM	743315103
BE	BLOOM ENERGY CORP	20,235 (-37.4%)	$1,758 (-35.7%)	0.2%	$46.44	+126.3%	COM CL A	093712107
CRM	SALESFORCE INC	27,915 (-20.7%)	$7,395 (-11.4%)	0.7%	$260.74	-4.8%	COM	79466L302
TRU	TRANSUNION	4,223 (-68.8%)	$362 (-68.1%)	0.0%	$86.74	-5.3%	COM	89400J107
ISRG	INTUITIVE SURGICAL INC	8,125 (-7.5%)	$4,602 (+17.1%)	0.5%	$370.05	+43.9%	COM NEW	46120E602
TEL	TE CONNECTIVITY PLC	45,706 (-3.0%)	$10,399 (+0.5%)	1.0%	$156.37	+47.9%	ORD SHS	G87052109

Unchanged Positions (37)

AAPL APPLE INC 5.6%

Value ($000) $56,633 Shares 208,317 Est. Cost $158.37 Unrealized +69.4%

EXPE EXPEDIA GROUP INC 1.0%

Value ($000) $10,569 Shares 37,306 Est. Cost $173.09 Unrealized +42.6%

ORCL ORACLE CORP 0.4%

Value ($000) $3,825 Shares 19,623 Est. Cost $160.80 Unrealized +48.0%

HTT QUDIAN INC 0.5%

Value ($000) $4,615 Shares 1,300,000 Est. Cost $1.80 Unrealized —

CSGP COSTAR GROUP INC 0.3%

Value ($000) $3,091 Shares 45,969 Est. Cost $76.31 Unrealized -7.2%

TSLA TESLA INC 6.2%

Value ($000) $62,466 Shares 138,900 Est. Cost $211.79 Unrealized +109.3%

TTD THE TRADE DESK INC 0.2%

Value ($000) $2,229 Shares 58,716 Est. Cost $79.95 Unrealized -44.6%

ADI ANALOG DEVICES INC 0.5%

Value ($000) $5,460 Shares 20,134 Est. Cost $216.26 Unrealized +15.9%

CDNS CADENCE DESIGN SYSTEM INC 0.4%

Value ($000) $3,937 Shares 12,594 Est. Cost $214.86 Unrealized +51.9%

AXON AXON ENTERPRISE INC 0.2%

Value ($000) $1,794 Shares 3,158 Est. Cost $614.85 Unrealized +0.9%

FICO FAIR ISAAC CORP 0.4%

Value ($000) $3,807 Shares 2,252 Est. Cost $1559.14 Unrealized +10.4%

CPRT COPART INC 0.3%

Value ($000) $2,631 Shares 67,196 Est. Cost $53.50 Unrealized -22.5%

NDAQ NASDAQ INC 0.4%

Value ($000) $4,164 Shares 42,868 Est. Cost $60.07 Unrealized +49.4%

COST COSTCO WHSL CORP NEW 0.5%

Value ($000) $4,991 Shares 5,788 Est. Cost $691.80 Unrealized +30.9%

VRSK VERISK ANALYTICS INC 0.3%

Value ($000) $2,893 Shares 12,931 Est. Cost $212.43 Unrealized +6.1%

SPGI S&P GLOBAL INC 0.4%

Value ($000) $4,118 Shares 7,880 Est. Cost $423.20 Unrealized +16.8%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.1%

Value ($000) $1,516 Shares 17,968 Est. Cost $143.65 Unrealized -38.4%

IDXX IDEXX LABS INC 0.5%

Value ($000) $4,722 Shares 6,979 Est. Cost $433.19 Unrealized +57.2%

MCO MOODYS CORP 0.4%

Value ($000) $3,794 Shares 7,426 Est. Cost $367.16 Unrealized +32.7%

PANW PALO ALTO NETWORKS INC 0.2%

Value ($000) $2,348 Shares 12,745 Est. Cost $191.42 Unrealized +5.4%

LIN LINDE PLC 0.2%

Value ($000) $1,667 Shares 3,909 Est. Cost $388.63 Unrealized +9.9%

EWC ISHARES INC 0.3%

Value ($000) $2,977 Shares 55,202 Est. Cost $39.30 Unrealized —

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $1,742 Shares 6,492 Est. Cost $275.09 Unrealized -7.6%

RSG REPUBLIC SVCS INC 0.1%

Value ($000) $1,272 Shares 6,004 Est. Cost $222.75 Unrealized -3.7%

TW TRADEWEB MKTS INC 0.3%

Value ($000) $2,964 Shares 27,563 Est. Cost $101.40 Unrealized +5.9%

PWR QUANTA SVCS INC 0.5%

Value ($000) $5,014 Shares 11,879 Est. Cost $270.59 Unrealized +62.3%

ZTO ZTO EXPRESS CAYMAN INC 0.1%

Value ($000) $1,026 Shares 49,100 Est. Cost $3.22 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value ($000) $1,494 Shares 3,188 Est. Cost $454.77 Unrealized +12.0%

IT GARTNER INC 0.1%

Value ($000) $1,349 Shares 5,346 Est. Cost $439.44 Unrealized -45.2%

ROL ROLLINS INC 0.3%

Value ($000) $2,553 Shares 42,529 Est. Cost $46.99 Unrealized +24.8%

TJX TJX COS INC NEW 0.1%

Value ($000) $706 Shares 4,598 Est. Cost $132.28 Unrealized +11.7%

MSCI MSCI INC 0.4%

Value ($000) $3,563 Shares 6,210 Est. Cost $519.96 Unrealized +7.7%

EQIX EQUINIX INC 0.2%

Value ($000) $1,552 Shares 2,026 Est. Cost $707.27 Unrealized +10.5%

EWJ ISHARES INC 0.3%

Value ($000) $2,665 Shares 33,005 Est. Cost $69.89 Unrealized —

WM WASTE MGMT INC DEL 0.3%

Value ($000) $3,098 Shares 14,100 Est. Cost $210.23 Unrealized +1.1%

MA MASTERCARD INCORPORATED 0.4%

Value ($000) $3,718 Shares 6,512 Est. Cost $391.52 Unrealized +42.8%

EWH ISHARES INC 0.1%

Value ($000) $574 Shares 26,993 Est. Cost $16.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	208,317	$56,633	5.6%	$158.37	+69.4%	COM	037833100
EXPE	EXPEDIA GROUP INC	37,306	$10,569	1.0%	$173.09	+42.6%	COM NEW	30212P303
ORCL	ORACLE CORP	19,623	$3,825	0.4%	$160.80	+48.0%	COM	68389X105
HTT	QUDIAN INC	1,300,000	$4,615	0.5%	$1.80	—	ADR	747798106
CSGP	COSTAR GROUP INC	45,969	$3,091	0.3%	$76.31	-7.2%	COM	22160N109
TSLA	TESLA INC	138,900	$62,466	6.2%	$211.79	+109.3%	COM	88160R101
TTD	THE TRADE DESK INC	58,716	$2,229	0.2%	$79.95	-44.6%	COM CL A	88339J105
ADI	ANALOG DEVICES INC	20,134	$5,460	0.5%	$216.26	+15.9%	COM	032654105
CDNS	CADENCE DESIGN SYSTEM INC	12,594	$3,937	0.4%	$214.86	+51.9%	COM	127387108
AXON	AXON ENTERPRISE INC	3,158	$1,794	0.2%	$614.85	+0.9%	COM	05464C101
FICO	FAIR ISAAC CORP	2,252	$3,807	0.4%	$1559.14	+10.4%	COM	303250104
CPRT	COPART INC	67,196	$2,631	0.3%	$53.50	-22.5%	COM	217204106
NDAQ	NASDAQ INC	42,868	$4,164	0.4%	$60.07	+49.4%	COM	631103108
COST	COSTCO WHSL CORP NEW	5,788	$4,991	0.5%	$691.80	+30.9%	COM	22160K105
VRSK	VERISK ANALYTICS INC	12,931	$2,893	0.3%	$212.43	+6.1%	COM	92345Y106
SPGI	S&P GLOBAL INC	7,880	$4,118	0.4%	$423.20	+16.8%	COM	78409V104
BAH	BOOZ ALLEN HAMILTON HLDG COR	17,968	$1,516	0.1%	$143.65	-38.4%	CL A	099502106
IDXX	IDEXX LABS INC	6,979	$4,722	0.5%	$433.19	+57.2%	COM	45168D104
MCO	MOODYS CORP	7,426	$3,794	0.4%	$367.16	+32.7%	COM	615369105
PANW	PALO ALTO NETWORKS INC	12,745	$2,348	0.2%	$191.42	+5.4%	COM	697435105
LIN	LINDE PLC	3,909	$1,667	0.2%	$388.63	+9.9%	SHS	G54950103
EWC	ISHARES INC	55,202	$2,977	0.3%	$39.30	—	MSCI CDA ETF	464286509
ACN	ACCENTURE PLC IRELAND	6,492	$1,742	0.2%	$275.09	-7.6%	SHS CLASS A	G1151C101
RSG	REPUBLIC SVCS INC	6,004	$1,272	0.1%	$222.75	-3.7%	COM	760759100
TW	TRADEWEB MKTS INC	27,563	$2,964	0.3%	$101.40	+5.9%	CL A	892672106
PWR	QUANTA SVCS INC	11,879	$5,014	0.5%	$270.59	+62.3%	COM	74762E102
ZTO	ZTO EXPRESS CAYMAN INC	49,100	$1,026	0.1%	$3.22	—	SPONSORED ADS A	98980A105
CRWD	CROWDSTRIKE HLDGS INC	3,188	$1,494	0.1%	$454.77	+12.0%	CL A	22788C105
IT	GARTNER INC	5,346	$1,349	0.1%	$439.44	-45.2%	COM	366651107
ROL	ROLLINS INC	42,529	$2,553	0.3%	$46.99	+24.8%	COM	775711104
TJX	TJX COS INC NEW	4,598	$706	0.1%	$132.28	+11.7%	COM	872540109
MSCI	MSCI INC	6,210	$3,563	0.4%	$519.96	+7.7%	COM	55354G100
EQIX	EQUINIX INC	2,026	$1,552	0.2%	$707.27	+10.5%	COM	29444U700
EWJ	ISHARES INC	33,005	$2,665	0.3%	$69.89	—	MSCI JPN ETF NEW	46434G822
WM	WASTE MGMT INC DEL	14,100	$3,098	0.3%	$210.23	+1.1%	COM	94106L109
MA	MASTERCARD INCORPORATED	6,512	$3,718	0.4%	$391.52	+42.8%	CL A	57636Q104
EWH	ISHARES INC	26,993	$574	0.1%	$16.98	—	MSCI HONG KG ETF	464286871