Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	51,006	$58.88M	4.6%	$1154.29	$1154.29	—	COM	595112103
RRX	REGAL REXNORD CORPORATION	143,191	$34.11M	2.7%	$238.19	$238.19	—	COM	758750103
GS	GOLDMAN SACHS GROUP INC	27,567	$27.88M	2.2%	$1011.37	$1011.37	—	COM	38141G104
AAPL	APPLE INC	77,122	$22.32M	1.7%	$289.36	$289.36	—	COM	037833100
TSLA	TESLA INC	14,636	$6.156M	0.5%	$420.60	$420.60	—	COM	88160R101
LLY	ELI LILLY & CO	4,643	$5.569M	0.4%	$1199.43	$1199.43	—	COM	532457108
AMD	ADVANCED MICRO DEVICES INC	8,389	$4.873M	0.4%	$580.91	$580.91	—	COM	007903107
GE	GE AEROSPACE	7,703	$2.879M	0.2%	$373.73	$373.73	—	COM NEW	369604301
DE	DEERE & CO	4,331	$2.747M	0.2%	$634.33	$634.33	—	COM	244199105
SBS	COMPANHIA DE SANEAMENTO BASI	410,671	$2.374M	0.2%	$5.78	$5.78	—	SPONSORED ADR	20441A102
NEE	NEXTERA ENERGY INC	26,375	$2.315M	0.2%	$87.77	$87.77	—	COM	65339F101
COST	COSTCO WHOLESALE CORPORATION	2,237	$2.093M	0.2%	$935.47	$935.47	—	COM	22160K105
NFLX	NETFLIX INC.	28,831	$2.059M	0.2%	$71.40	$71.40	—	COM	64110L106
GEV	GE VERNOVA INC	1,685	$1.98M	0.2%	$1174.86	$1174.86	—	COM	36828A101
PANW	PALO ALTO NETWORKS INC	5,613	$1.914M	0.1%	$341.02	$341.02	—	COM	697435105
WAB	WABTEC	7,014	$1.891M	0.1%	$269.60	$269.60	—	COM	929740108
GLW	CORNING INC	6,955	$1.777M	0.1%	$255.43	$255.43	—	COM	219350105
PNFP	PINNACLE FINL PARTNERS INC	17,296	$1.745M	0.1%	$100.88	$100.88	—	COM	72348N109
WMT	WALMART INC	14,912	$1.689M	0.1%	$113.26	$113.26	—	COM	931142103
WDC	WESTERN DIGITAL CORP	2,356	$1.505M	0.1%	$638.72	$638.72	—	COM	958102105
BKNG	BOOKING HOLDINGS INC	8,437	$1.504M	0.1%	$178.24	$178.24	—	COM	09857L108
ANET	ARISTA NETWORKS INC	8,628	$1.466M	0.1%	$169.88	$169.88	—	COM SHS	040413205
PLTR	PALANTIR TECHNOLOGIES INC	12,414	$1.448M	0.1%	$116.67	$116.67	—	CL A	69608A108
PWR	QUANTA SVCS INC	1,921	$1.383M	0.1%	$720.04	$720.04	—	COM	74762E102
AWK	AMERICAN WTR WKS CO INC NEW	10,388	$1.367M	0.1%	$131.58	$131.58	—	COM	030420103
ORCL	ORACLE CORP	9,264	$1.358M	0.1%	$146.55	$146.55	—	COM	68389X105
CRWD	CROWDSTRIKE HLDGS INC	1,761	$1.344M	0.1%	$763.14	$763.14	—	CL A	22788C105
MCK	MCKESSON CORP	1,730	$1.307M	0.1%	$755.60	$755.60	—	COM	58155Q103
VRTX	VERTEX PHARMACEUTICALS INC	2,409	$1.197M	0.1%	$496.73	$496.73	—	COM	92532F100
MAR	MARRIOTT INTL INC NEW	3,204	$1.187M	0.1%	$370.59	$370.59	—	CL A	571903202
BA	BOEING CO	5,446	$1.179M	0.1%	$216.47	$216.47	—	COM	097023105
HLT	HILTON WORLDWIDE HLDGS INC	3,560	$1.176M	0.1%	$330.46	$330.46	—	COM	43300A203
SHW	SHERWIN WILLIAMS CO	3,285	$1.131M	0.1%	$344.32	$344.32	—	COM	824348106
ORLY	OREILLY AUTOMOTIVE INC	12,231	$1.126M	0.1%	$92.09	$92.09	—	COM	67103H107
LNG	CHENIERE ENERGY INC	4,662	$1.114M	0.1%	$239.01	$239.01	—	COM NEW	16411R208
VRT	VERTIV HOLDINGS CO	3,013	$1.009M	0.1%	$334.82	$334.82	—	COM CL A	92537N108
IDXX	IDEXX LABS INC	1,855	$977K	0.1%	$526.44	$526.44	—	COM	45168D104
PDD	PDD HOLDINGS INC	12,412	$947K	0.1%	$76.28	$76.28	—	SPONSORED ADS	722304102
FTNT	FORTINET INC	6,104	$938K	0.1%	$153.62	$153.62	—	COM	34959E109
CIEN	CIENA CORP	1,648	$808K	0.1%	$490.56	$490.56	—	COM NEW	171779309
CEG	CONSTELLATION ENERGY CORP	3,178	$789K	0.1%	$248.37	$248.37	—	COM	21037T109
APP	APPLOVIN CORP	1,408	$725K	0.1%	$515.23	$515.23	—	COM CL A	03831W108

Increased Positions (21)

APH AMPHENOL CORP 3.3%

Value $41.98M (+3742.9%) Shares 238,067 (+2653.8%) Share Price $176.32 Est. Cost/Share $172.38 Unrealized @ Report Date —

GOOGL ALPHABET INC 7.0%

Value $89.28M (+39.2%) Shares 249,813 (+12.0%) Share Price $357.37 Est. Cost/Share $177.25 Unrealized @ Report Date —

AMZN AMAZON COM INC 3.6%

Value $46.13M (+53.5%) Shares 193,555 (+34.1%) Share Price $238.34 Est. Cost/Share $213.00 Unrealized @ Report Date —

AVGO BROADCOM INC 3.2%

Value $40.43M (+45.9%) Shares 107,017 (+19.5%) Share Price $377.75 Est. Cost/Share $341.30 Unrealized @ Report Date —

KLAC KLA CORP 0.7%

Value $9.07M (+151.1%) Shares 30,062 (+1125.5%) Share Price $301.71 Est. Cost/Share $396.39 Unrealized @ Report Date —

POOL POOL CORP 2.6%

Value $33.81M (+14.9%) Shares 157,327 (+8.2%) Share Price $214.90 Est. Cost/Share $316.80 Unrealized @ Report Date —

AZO AUTOZONE INC 2.5%

Value $31.5M (+12.9%) Shares 9,855 (+19.4%) Share Price $3195.94 Est. Cost/Share $2918.85 Unrealized @ Report Date —

ELV ELEVANCE HEALTH INC FORMERLY 0.7%

Value $9.199M (+53.1%) Shares 23,786 (+15.9%) Share Price $386.73 Est. Cost/Share $356.37 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value $7.668M (+42.8%) Shares 15,325 (+36.8%) Share Price $500.39 Est. Cost/Share $495.33 Unrealized @ Report Date —

BK BANK OF NY MELLON CORP 0.8%

Value $9.802M (+25.5%) Shares 67,784 (+3.0%) Share Price $144.61 Est. Cost/Share $120.86 Unrealized @ Report Date —

C CITIGROUP INC 0.6%

Value $7.904M (+33.5%) Shares 56,473 (+8.2%) Share Price $139.96 Est. Cost/Share $117.98 Unrealized @ Report Date —

SCHW SCHWAB CHARLES CORP 0.7%

Value $9.343M (+26.8%) Shares 101,262 (+29.1%) Share Price $92.27 Est. Cost/Share $98.35 Unrealized @ Report Date —

AXP AMERICAN EXPRESS CO 0.6%

Value $8.044M (+25.6%) Shares 23,780 (+12.3%) Share Price $338.25 Est. Cost/Share $354.20 Unrealized @ Report Date —

PGR PROGRESSIVE CORP 0.5%

Value $6.024M (+33.2%) Shares 27,574 (+20.9%) Share Price $218.45 Est. Cost/Share $208.72 Unrealized @ Report Date —

VLTO VERALTO CORP 0.3%

Value $3.771M (+62.3%) Shares 42,528 (+61.8%) Share Price $88.68 Est. Cost/Share $83.71 Unrealized @ Report Date —

IQV IQVIA HLDGS INC 0.4%

Value $4.495M (+46.5%) Shares 23,265 (+29.3%) Share Price $193.22 Est. Cost/Share $206.31 Unrealized @ Report Date —

ADSK AUTODESK INC 0.2%

Value $2.39M (+111.4%) Shares 12,293 (+160.3%) Share Price $194.42 Est. Cost/Share $207.01 Unrealized @ Report Date —

META META PLATFORMS INC 0.5%

Value $6.908M (+14.2%) Shares 12,264 (+16.0%) Share Price $563.29 Est. Cost/Share $642.81 Unrealized @ Report Date —

AXTA AXALTA COATING SYS LTD 0.2%

Value $2.073M (+55.5%) Shares 60,584 (+25.9%) Share Price $34.22 Est. Cost/Share $33.79 Unrealized @ Report Date —

HSIC SCHEIN HENRY INC 0.2%

Value $2.795M (+34.1%) Shares 33,466 (+18.3%) Share Price $83.52 Est. Cost/Share $78.90 Unrealized @ Report Date —

QXO QXO INC 0.1%

Value $1.591M (-9.2%) Shares 92,055 (+2.0%) Share Price $17.28 Est. Cost/Share $24.01 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
APH	AMPHENOL CORP	238,067 (+2653.8%)	$41.98M (+3742.9%)	3.3%	$176.32	$172.38	—	CL A	032095101
GOOGL	ALPHABET INC	249,813 (+12.0%)	$89.28M (+39.2%)	7.0%	$357.37	$177.25	—	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	193,555 (+34.1%)	$46.13M (+53.5%)	3.6%	$238.34	$213.00	—	COM	023135106
AVGO	BROADCOM INC	107,017 (+19.5%)	$40.43M (+45.9%)	3.2%	$377.75	$341.30	—	COM	11135F101
KLAC	KLA CORP	30,062 (+1125.5%)	$9.07M (+151.1%)	0.7%	$301.71	$396.39	—	COM NEW	482480100
POOL	POOL CORP	157,327 (+8.2%)	$33.81M (+14.9%)	2.6%	$214.90	$316.80	—	COM	73278L105
AZO	AUTOZONE INC	9,855 (+19.4%)	$31.5M (+12.9%)	2.5%	$3195.94	$2918.85	—	COM	053332102
ELV	ELEVANCE HEALTH INC FORMERLY	23,786 (+15.9%)	$9.199M (+53.1%)	0.7%	$386.73	$356.37	—	COM	036752103
BRK/B	BERKSHIRE HATHAWAY INC DEL	15,325 (+36.8%)	$7.668M (+42.8%)	0.6%	$500.39	$495.33	—	CL B NEW	084670702
BK	BANK OF NY MELLON CORP	67,784 (+3.0%)	$9.802M (+25.5%)	0.8%	$144.61	$120.86	—	COM	064058100
C	CITIGROUP INC	56,473 (+8.2%)	$7.904M (+33.5%)	0.6%	$139.96	$117.98	—	COM NEW	172967424
SCHW	SCHWAB CHARLES CORP	101,262 (+29.1%)	$9.343M (+26.8%)	0.7%	$92.27	$98.35	—	COM	808513105
AXP	AMERICAN EXPRESS CO	23,780 (+12.3%)	$8.044M (+25.6%)	0.6%	$338.25	$354.20	—	COM	025816109
PGR	PROGRESSIVE CORP	27,574 (+20.9%)	$6.024M (+33.2%)	0.5%	$218.45	$208.72	—	COM	743315103
VLTO	VERALTO CORP	42,528 (+61.8%)	$3.771M (+62.3%)	0.3%	$88.68	$83.71	—	COM SHS	92338C103
IQV	IQVIA HLDGS INC	23,265 (+29.3%)	$4.495M (+46.5%)	0.4%	$193.22	$206.31	—	COM	46266C105
ADSK	AUTODESK INC	12,293 (+160.3%)	$2.39M (+111.4%)	0.2%	$194.42	$207.01	—	COM	052769106
META	META PLATFORMS INC	12,264 (+16.0%)	$6.908M (+14.2%)	0.5%	$563.29	$642.81	—	CL A	30303M102
AXTA	AXALTA COATING SYS LTD	60,584 (+25.9%)	$2.073M (+55.5%)	0.2%	$34.22	$33.79	—	COM	G0750C108
HSIC	SCHEIN HENRY INC	33,466 (+18.3%)	$2.795M (+34.1%)	0.2%	$83.52	$78.90	—	COM	806407102
QXO	QXO INC	92,055 (+2.0%)	$1.591M (-9.2%)	0.1%	$17.28	$24.01	—	COM NEW	82846H405

Exited Positions (11)

CARR CARRIER GLOBAL CORPORATION 2.3%

Value $29.85M Shares 530,103 Share Price $56.31 Est. Cost/Share $60.99 Unrealized @ Report Date —

UNH UNITEDHEALTH GROUP INC 2.3%

Value $29.21M Shares 107,954 Share Price $270.59 Est. Cost/Share $486.47 Unrealized @ Report Date —

CRM SALESFORCE INC 2.3%

Value $29.15M Shares 156,139 Share Price $186.67 Est. Cost/Share $247.31 Unrealized @ Report Date —

ZTS ZOETIS INC 0.4%

Value $5.507M Shares 46,587 Share Price $118.21 Est. Cost/Share $150.53 Unrealized @ Report Date —

CFR CULLEN FROST BANKERS INC 0.4%

Value $5.394M Shares 39,350 Share Price $137.08 Est. Cost/Share $129.16 Unrealized @ Report Date —

DHR DANAHER CORP DEL 0.4%

Value $4.734M Shares 24,968 Share Price $189.60 Est. Cost/Share $220.07 Unrealized @ Report Date —

SUNB SUNBELT RENTALS HOLDINGS INC 0.4%

Value $4.664M Shares 98,181 Share Price $47.50 Est. Cost/Share $47.50 Unrealized @ Report Date —

AOS SMITH A O CORP 0.2%

Value $2.054M Shares 31,145 Share Price $65.94 Est. Cost/Share $70.50 Unrealized @ Report Date —

WAT WATERS CORP 0.1%

Value $1.776M Shares 5,964 Share Price $297.80 Est. Cost/Share $303.58 Unrealized @ Report Date —

FERG FERGUSON ENTERPRISES INC 0.1%

Value $1.405M Shares 8,065 Share Price $174.20 Est. Cost/Share $202.39 Unrealized @ Report Date —

AAON AAON INC 0.1%

Value $1.208M Shares 14,597 Share Price $82.75 Est. Cost/Share $92.29 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CARR	CARRIER GLOBAL CORPORATION	530,103	$29.85M	2.3%	$56.31	$60.99	—	—	14448C104
UNH	UNITEDHEALTH GROUP INC	107,954	$29.21M	2.3%	$270.59	$486.47	—	—	91324P102
CRM	SALESFORCE INC	156,139	$29.15M	2.3%	$186.67	$247.31	—	—	79466L302
ZTS	ZOETIS INC	46,587	$5.507M	0.4%	$118.21	$150.53	—	—	98978V103
CFR	CULLEN FROST BANKERS INC	39,350	$5.394M	0.4%	$137.08	$129.16	—	—	229899109
DHR	DANAHER CORP DEL	24,968	$4.734M	0.4%	$189.60	$220.07	—	—	235851102
SUNB	SUNBELT RENTALS HOLDINGS INC	98,181	$4.664M	0.4%	$47.50	$47.50	—	—	866966104
AOS	SMITH A O CORP	31,145	$2.054M	0.2%	$65.94	$70.50	—	—	831865209
WAT	WATERS CORP	5,964	$1.776M	0.1%	$297.80	$303.58	—	—	941848103
FERG	FERGUSON ENTERPRISES INC	8,065	$1.405M	0.1%	$174.20	$202.39	—	—	31488V107
AAON	AAON INC	14,597	$1.208M	0.1%	$82.75	$92.29	—	—	000360206

Decreased Positions (31)

MSFT MICROSOFT CORP 4.8%

Value $61.55M (-18.0%) Shares 165,010 (-18.7%) Share Price $373.02 Est. Cost/Share $199.90 Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR MANUFAC 5.5%

Value $70.68M (+20.2%) Shares 147,992 (-15.0%) Share Price $477.57 Est. Cost/Share $169.66 Unrealized @ Report Date —

EBAY EBAY INC. 0.1%

Value $1.034M (-90.5%) Shares 9,256 (-92.3%) Share Price $111.75 Est. Cost/Share $75.15 Unrealized @ Report Date —

HUBB HUBBELL INC 0.3%

Value $3.78M (-62.8%) Shares 7,225 (-65.1%) Share Price $523.20 Est. Cost/Share $352.52 Unrealized @ Report Date —

XYL XYLEM INC 0.3%

Value $3.435M (-64.6%) Shares 29,058 (-64.2%) Share Price $118.21 Est. Cost/Share $124.38 Unrealized @ Report Date —

BSX BOSTON SCIENTIFIC CORP 0.1%

Value $1.111M (-84.4%) Shares 26,036 (-77.1%) Share Price $42.68 Est. Cost/Share $49.05 Unrealized @ Report Date —

SPGI S&P GLOBAL INC 4.2%

Value $53.94M (-9.1%) Shares 132,448 (-5.1%) Share Price $407.26 Est. Cost/Share $480.44 Unrealized @ Report Date —

CFG CITIZENS FINL GROUP INC 0.1%

Value $1.684M (-75.6%) Shares 24,029 (-79.1%) Share Price $70.07 Est. Cost/Share $53.58 Unrealized @ Report Date —

RNR RENAISSANCERE HLDGS LTD 0.3%

Value $4.221M (-53.8%) Shares 13,320 (-56.6%) Share Price $316.90 Est. Cost/Share $232.32 Unrealized @ Report Date —

MA MASTERCARD INCORPORATED 5.0%

Value $63.82M (-6.6%) Shares 124,251 (-9.1%) Share Price $513.60 Est. Cost/Share $391.58 Unrealized @ Report Date —

CMI CUMMINS INC 2.6%

Value $33.43M (+14.9%) Shares 46,876 (-13.3%) Share Price $713.21 Est. Cost/Share $466.32 Unrealized @ Report Date —

ISRG INTUITIVE SURGICAL INC 0.1%

Value $1.334M (-74.8%) Shares 3,354 (-70.8%) Share Price $397.68 Est. Cost/Share $520.47 Unrealized @ Report Date —

V VISA INC 5.0%

Value $63.53M (+6.3%) Shares 185,158 (-6.3%) Share Price $343.09 Est. Cost/Share $226.36 Unrealized @ Report Date —

HDB HDFC BANK LTD 0.1%

Value $861K (-80.4%) Shares 33,348 (-81.1%) Share Price $25.83 Est. Cost/Share $61.66 Unrealized @ Report Date —

CTAS CINTAS CORP 0.3%

Value $3.794M (-47.6%) Shares 22,305 (-47.9%) Share Price $170.08 Est. Cost/Share $169.71 Unrealized @ Report Date —

CDNS CADENCE DESIGN SYSTEM INC 0.2%

Value $2.584M (-56.9%) Shares 6,885 (-68.1%) Share Price $375.32 Est. Cost/Share $181.75 Unrealized @ Report Date —

TMO THERMO FISHER SCIENTIFIC INC 4.9%

Value $62.73M (-5.0%) Shares 125,121 (-6.9%) Share Price $501.36 Est. Cost/Share $505.59 Unrealized @ Report Date —

TYL TYLER TECHNOLOGIES INC 0.1%

Value $819K (-79.5%) Shares 2,800 (-76.0%) Share Price $292.46 Est. Cost/Share $476.40 Unrealized @ Report Date —

MELI MERCADOLIBRE INC 0.2%

Value $2.166M (-49.4%) Shares 1,276 (-48.5%) Share Price $1697.39 Est. Cost/Share $2066.46 Unrealized @ Report Date —

URI UNITED RENTALS INC 0.1%

Value $821K (-68.5%) Shares 725 (-79.7%) Share Price $1132.89 Est. Cost/Share $349.59 Unrealized @ Report Date —

MRSH MARSH & MCLENNAN COS INC 0.6%

Value $7.817M (-17.9%) Shares 46,902 (-14.6%) Share Price $166.67 Est. Cost/Share $190.18 Unrealized @ Report Date —

CSL CARLISLE COS INC 2.4%

Value $30.59M (+5.3%) Shares 84,328 (-3.1%) Share Price $362.75 Est. Cost/Share $346.20 Unrealized @ Report Date —

NOW SERVICENOW INC 0.2%

Value $1.955M (-39.4%) Shares 19,692 (-36.2%) Share Price $99.28 Est. Cost/Share $175.26 Unrealized @ Report Date —

MRVL MARVELL TECHNOLOGY INC 0.3%

Value $4.023M (-21.8%) Shares 13,506 (-74.0%) Share Price $297.89 Est. Cost/Share $95.67 Unrealized @ Report Date —

AMAT APPLIED MATLS INC 0.5%

Value $6.059M (-9.9%) Shares 8,381 (-57.4%) Share Price $723.00 Est. Cost/Share $100.03 Unrealized @ Report Date —

UBER UBER TECHNOLOGIES INC 2.3%

Value $29.5M (-2.1%) Shares 408,779 (-2.4%) Share Price $72.16 Est. Cost/Share $72.42 Unrealized @ Report Date —

A AGILENT TECHNOLOGIES INC 0.3%

Value $3.948M (+10.4%) Shares 29,719 (-5.3%) Share Price $132.83 Est. Cost/Share $101.90 Unrealized @ Report Date —

ITRI ITRON INC 0.2%

Value $2.059M (-13.2%) Shares 23,793 (-10.1%) Share Price $86.53 Est. Cost/Share $118.97 Unrealized @ Report Date —

SNPS SYNOPSYS INC 0.2%

Value $2.807M (+11.0%) Shares 6,292 (-1.4%) Share Price $446.07 Est. Cost/Share $549.10 Unrealized @ Report Date —

WCN WASTE CONNECTIONS INC 0.4%

Value $5.591M (+1.4%) Shares 33,544 (-1.2%) Share Price $166.69 Est. Cost/Share $167.37 Unrealized @ Report Date —

LRCX LAM RESEARCH CORP 0.3%

Value $3.278M (-1.9%) Shares 7,565 (-51.6%) Share Price $433.33 Est. Cost/Share $225.94 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	165,010 (-18.7%)	$61.55M (-18.0%)	4.8%	$373.02	$199.90	—	COM	594918104
TSM	TAIWAN SEMICONDUCTOR MANUFAC	147,992 (-15.0%)	$70.68M (+20.2%)	5.5%	$477.57	$169.66	—	SPONSORED ADS	874039100
EBAY	EBAY INC.	9,256 (-92.3%)	$1.034M (-90.5%)	0.1%	$111.75	$75.15	—	COM	278642103
HUBB	HUBBELL INC	7,225 (-65.1%)	$3.78M (-62.8%)	0.3%	$523.20	$352.52	—	COM	443510607
XYL	XYLEM INC	29,058 (-64.2%)	$3.435M (-64.6%)	0.3%	$118.21	$124.38	—	COM	98419M100
BSX	BOSTON SCIENTIFIC CORP	26,036 (-77.1%)	$1.111M (-84.4%)	0.1%	$42.68	$49.05	—	COM	101137107
SPGI	S&P GLOBAL INC	132,448 (-5.1%)	$53.94M (-9.1%)	4.2%	$407.26	$480.44	—	COM	78409V104
CFG	CITIZENS FINL GROUP INC	24,029 (-79.1%)	$1.684M (-75.6%)	0.1%	$70.07	$53.58	—	COM	174610105
RNR	RENAISSANCERE HLDGS LTD	13,320 (-56.6%)	$4.221M (-53.8%)	0.3%	$316.90	$232.32	—	COM	G7496G103
MA	MASTERCARD INCORPORATED	124,251 (-9.1%)	$63.82M (-6.6%)	5.0%	$513.60	$391.58	—	CL A	57636Q104
CMI	CUMMINS INC	46,876 (-13.3%)	$33.43M (+14.9%)	2.6%	$713.21	$466.32	—	COM	231021106
ISRG	INTUITIVE SURGICAL INC	3,354 (-70.8%)	$1.334M (-74.8%)	0.1%	$397.68	$520.47	—	COM NEW	46120E602
V	VISA INC	185,158 (-6.3%)	$63.53M (+6.3%)	5.0%	$343.09	$226.36	—	COM CL A	92826C839
HDB	HDFC BANK LTD	33,348 (-81.1%)	$861K (-80.4%)	0.1%	$25.83	$61.66	—	SPONSORED ADS	40415F101
CTAS	CINTAS CORP	22,305 (-47.9%)	$3.794M (-47.6%)	0.3%	$170.08	$169.71	—	COM	172908105
CDNS	CADENCE DESIGN SYSTEM INC	6,885 (-68.1%)	$2.584M (-56.9%)	0.2%	$375.32	$181.75	—	COM	127387108
TMO	THERMO FISHER SCIENTIFIC INC	125,121 (-6.9%)	$62.73M (-5.0%)	4.9%	$501.36	$505.59	—	COM	883556102
TYL	TYLER TECHNOLOGIES INC	2,800 (-76.0%)	$819K (-79.5%)	0.1%	$292.46	$476.40	—	COM	902252105
MELI	MERCADOLIBRE INC	1,276 (-48.5%)	$2.166M (-49.4%)	0.2%	$1697.39	$2066.46	—	COM	58733R102
URI	UNITED RENTALS INC	725 (-79.7%)	$821K (-68.5%)	0.1%	$1132.89	$349.59	—	COM	911363109
MRSH	MARSH & MCLENNAN COS INC	46,902 (-14.6%)	$7.817M (-17.9%)	0.6%	$166.67	$190.18	—	COM	571748102
CSL	CARLISLE COS INC	84,328 (-3.1%)	$30.59M (+5.3%)	2.4%	$362.75	$346.20	—	COM	142339100
NOW	SERVICENOW INC	19,692 (-36.2%)	$1.955M (-39.4%)	0.2%	$99.28	$175.26	—	COM	81762P102
MRVL	MARVELL TECHNOLOGY INC	13,506 (-74.0%)	$4.023M (-21.8%)	0.3%	$297.89	$95.67	—	COM	573874104
AMAT	APPLIED MATLS INC	8,381 (-57.4%)	$6.059M (-9.9%)	0.5%	$723.00	$100.03	—	COM	038222105
UBER	UBER TECHNOLOGIES INC	408,779 (-2.4%)	$29.5M (-2.1%)	2.3%	$72.16	$72.42	—	COM	90353T100
A	AGILENT TECHNOLOGIES INC	29,719 (-5.3%)	$3.948M (+10.4%)	0.3%	$132.83	$101.90	—	COM	00846U101
ITRI	ITRON INC	23,793 (-10.1%)	$2.059M (-13.2%)	0.2%	$86.53	$118.97	—	COM	465741106
SNPS	SYNOPSYS INC	6,292 (-1.4%)	$2.807M (+11.0%)	0.2%	$446.07	$549.10	—	COM	871607107
WCN	WASTE CONNECTIONS INC	33,544 (-1.2%)	$5.591M (+1.4%)	0.4%	$166.69	$167.37	—	COM	94106B101
LRCX	LAM RESEARCH CORP	7,565 (-51.6%)	$3.278M (-1.9%)	0.3%	$433.33	$225.94	—	COM NEW	512807306

Unchanged Positions (2)

NVDA NVIDIA CORPORATION 7.2%

Value $92.23M Shares 460,938 Share Price $200.09 Est. Cost/Share $101.05 Unrealized @ Report Date —

IBN ICICI BANK LIMITED 5.1%

Value $65.12M Shares 2,243,252 Share Price $29.03 Est. Cost/Share $27.04 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA CORPORATION	460,938	$92.23M	7.2%	$200.09	$101.05	—	COM	67066G104
IBN	ICICI BANK LIMITED	2,243,252	$65.12M	5.1%	$29.03	$27.04	—	ADR	45104G104