Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	92,501	$18.51M	4.5%	$200.09	—	COM	67066G104
EVR	EVERCORE INC	34,369	$11.73M	2.8%	$341.44	—	CLASS A	29977A105
CGNX	COGNEX CORP	140,667	$10.19M	2.5%	$72.42	—	COM	192422103
IHG	INTERCONTINENTAL HOTELS GROU	53,354	$9.19M	2.2%	$172.25	—	SPONSORED ADS	45857P806
VIK	VIKING HOLDINGS LTD	65,288	$6.834M	1.6%	$104.67	—	ORD SHS	G93A5A101
CCJ	CAMECO CORP	53,351	$5.43M	1.3%	$101.78	—	COM	13321L108
XEL	XCEL ENERGY INC	59,786	$4.801M	1.2%	$80.30	—	COM	98389B100
SN	SHARKNINJA INC	25,694	$3.912M	0.9%	$152.27	—	COM SHS	G8068L108
SHOP	SHOPIFY INC	17,534	$2.003M	0.5%	$114.25	—	CL A SUB VTG SHS	82509L107
NVS	NOVARTIS AG	1,700	$266K	0.1%	$156.72	—	SPONSORED ADR	66987V109

Increased Positions (8)

JNJ JOHNSON & JOHNSON 4.1%

Value $17M (+3211.6%) Shares 66,934 (+3087.3%) Est. Cost $251.32 Unrealized —

WELL WELLTOWER INC 1.4%

Value $5.877M (+890.9%) Shares 25,895 (+763.2%) Est. Cost $219.61 Unrealized —

DT DYNATRACE INC 1.2%

Value $5.142M (+190.1%) Shares 117,096 (+144.3%) Est. Cost $44.41 Unrealized —

CHD CHURCH & DWIGHT CO INC 2.2%

Value $9.027M (+57.8%) Shares 93,179 (+52.0%) Est. Cost $95.52 Unrealized —

KLAC KLA CORP 1.1%

Value $4.437M (-37.2%) Shares 14,707 (+206.7%) Est. Cost $523.29 Unrealized —

CME CME GROUP INC 1.3%

Value $5.224M (-22.6%) Shares 23,655 (+3.5%) Est. Cost $276.43 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 2.5%

Value $10.24M (+14.4%) Shares 118,222 (+4.0%) Est. Cost $78.27 Unrealized —

IDXX IDEXX LABS INC 0.8%

Value $3.246M (+12.9%) Shares 6,166 (+20.5%) Est. Cost $654.69 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	JOHNSON & JOHNSON	66,934 (+3087.3%)	$17M (+3211.6%)	4.1%	$251.32	—	COM	478160104
WELL	WELLTOWER INC	25,895 (+763.2%)	$5.877M (+890.9%)	1.4%	$219.61	—	COM	95040Q104
DT	DYNATRACE INC	117,096 (+144.3%)	$5.142M (+190.1%)	1.2%	$44.41	—	COM NEW	268150109
CHD	CHURCH & DWIGHT CO INC	93,179 (+52.0%)	$9.027M (+57.8%)	2.2%	$95.52	—	COM	171340102
KLAC	KLA CORP	14,707 (+206.7%)	$4.437M (-37.2%)	1.1%	$523.29	—	COM NEW	482480100
CME	CME GROUP INC	23,655 (+3.5%)	$5.224M (-22.6%)	1.3%	$276.43	—	COM	12572Q105
CP	CANADIAN PACIFIC KANSAS CITY	118,222 (+4.0%)	$10.24M (+14.4%)	2.5%	$78.27	—	COM	13646K108
IDXX	IDEXX LABS INC	6,166 (+20.5%)	$3.246M (+12.9%)	0.8%	$654.69	—	COM	45168D104

Exited Positions (5)

ICFI ICF INTL INC 1.7%

Value $6.913M Shares 105,889 Est. Cost $118.60 Unrealized —

ZTS ZOETIS INC 1.2%

Value $4.851M Shares 41,039 Est. Cost $182.68 Unrealized —

PLNT PLANET FITNESS MASTER ISSUER 1.0%

Value $4.326M Shares 58,162 Est. Cost $77.47 Unrealized —

EXPE EXPEDIA GROUP INC 0.7%

Value $3.089M Shares 13,379 Est. Cost $176.95 Unrealized —

BSY BENTLEY SYS INC 0.1%

Value $421K Shares 12,000 Est. Cost $50.07 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICFI	ICF INTL INC	105,889	$6.913M	1.7%	$118.60	—	—	44925C103
ZTS	ZOETIS INC	41,039	$4.851M	1.2%	$182.68	—	—	98978V103
PLNT	PLANET FITNESS MASTER ISSUER	58,162	$4.326M	1.0%	$77.47	—	—	72703H101
EXPE	EXPEDIA GROUP INC	13,379	$3.089M	0.7%	$176.95	—	—	30212P303
BSY	BENTLEY SYS INC	12,000	$421K	0.1%	$50.07	—	—	08265T208

Decreased Positions (30)

SU SUNCOR ENERGY INC NEW 0.4%

Value $1.638M (-87.9%) Shares 30,493 (-85.1%) Est. Cost $51.81 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.5%

Value $2.123M (-83.4%) Shares 17,247 (-78.7%) Est. Cost $126.60 Unrealized —

BJ BJS WHSL CLUB HLDGS INC 1.8%

Value $7.357M (-58.6%) Shares 84,348 (-53.3%) Est. Cost $68.67 Unrealized —

TTE TOTALENERGIES SE 0.4%

Value $1.81M (-80.6%) Shares 23,300 (-76.7%) Est. Cost $71.53 Unrealized —

IQV IQVIA HLDGS INC 0.6%

Value $2.62M (-71.3%) Shares 13,560 (-74.7%) Est. Cost $217.58 Unrealized —

MCK MCKESSON CORP 2.1%

Value $8.714M (-42.1%) Shares 11,533 (-33.7%) Est. Cost $848.01 Unrealized —

MRSH MARSH & MCLENNAN COS INC 1.5%

Value $6.231M (-47.7%) Shares 37,386 (-45.6%) Est. Cost $174.89 Unrealized —

ASML ASML HLDG NV 5.4%

Value $22.5M (+31.3%) Shares 11,311 (-12.8%) Est. Cost $680.62 Unrealized —

ALC ALCON AG 0.7%

Value $2.719M (-65.7%) Shares 40,518 (-61.4%) Est. Cost $89.55 Unrealized —

MCO MOODYS CORP 1.3%

Value $5.373M (-43.3%) Shares 11,862 (-45.4%) Est. Cost $344.54 Unrealized —

MA MASTERCARD INCORPORATED 1.8%

Value $7.66M (-33.1%) Shares 14,915 (-34.9%) Est. Cost $426.04 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.6%

Value $2.323M (-58.2%) Shares 54,859 (-50.5%) Est. Cost $43.82 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 1.5%

Value $6.32M (-32.5%) Shares 16,839 (-50.1%) Est. Cost $289.66 Unrealized —

DIS DISNEY WALT CO 1.8%

Value $7.445M (-27.6%) Shares 77,350 (-27.5%) Est. Cost $109.45 Unrealized —

GOOG ALPHABET INC 5.8%

Value $24M (+11.4%) Shares 67,916 (-9.6%) Est. Cost $116.65 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 2.9%

Value $12.23M (-16.5%) Shares 18,339 (-24.2%) Est. Cost $469.08 Unrealized —

MSFT MICROSOFT CORP 2.8%

Value $11.65M (-16.4%) Shares 31,239 (-17.0%) Est. Cost $354.81 Unrealized —

CLBT CELLEBRITE DI LTD 1.0%

Value $3.991M (-36.1%) Shares 273,359 (-39.7%) Est. Cost $17.96 Unrealized —

AZO AUTOZONE INC 1.9%

Value $8.054M (-17.0%) Shares 2,520 (-12.3%) Est. Cost $2144.89 Unrealized —

TD TORONTO DOMINION BK ONT 2.4%

Value $10.08M (+15.1%) Shares 82,988 (-11.5%) Est. Cost $92.21 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 5.7%

Value $23.78M (-4.3%) Shares 49,789 (-32.3%) Est. Cost $279.29 Unrealized —

VLTO VERALTO CORP 1.3%

Value $5.305M (-11.2%) Shares 59,825 (-11.5%) Est. Cost $84.02 Unrealized —

TT TRANE TECHNOLOGIES PLC 4.3%

Value $17.67M (+3.6%) Shares 35,978 (-12.1%) Est. Cost $188.80 Unrealized —

HUBB HUBBELL INC 2.4%

Value $9.85M (-5.2%) Shares 18,826 (-11.1%) Est. Cost $413.26 Unrealized —

JPM JPMORGAN CHASE & CO 3.6%

Value $14.91M (+3.1%) Shares 45,558 (-7.3%) Est. Cost $278.08 Unrealized —

TXN TEXAS INSTRS INC 1.8%

Value $7.454M (+4.9%) Shares 25,007 (-31.6%) Est. Cost $203.95 Unrealized —

META META PLATFORMS INC 2.2%

Value $9.094M (-3.0%) Shares 16,144 (-1.5%) Est. Cost $681.00 Unrealized —

AMZN AMAZON COM INC 3.3%

Value $13.52M (+1.1%) Shares 56,734 (-11.7%) Est. Cost $226.42 Unrealized —

AAPL APPLE INC 4.3%

Value $17.81M (-0.3%) Shares 61,547 (-12.5%) Est. Cost $268.34 Unrealized —

TDG TRANSDIGM GROUP INC 1.5%

Value $6.066M (+0.2%) Shares 4,554 (-12.8%) Est. Cost $1337.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SU	SUNCOR ENERGY INC NEW	30,493 (-85.1%)	$1.638M (-87.9%)	0.4%	$51.81	—	COM	867224107
ICE	INTERCONTINENTAL EXCHANGE IN	17,247 (-78.7%)	$2.123M (-83.4%)	0.5%	$126.60	—	COM	45866F104
BJ	BJS WHSL CLUB HLDGS INC	84,348 (-53.3%)	$7.357M (-58.6%)	1.8%	$68.67	—	COM	05550J101
TTE	TOTALENERGIES SE	23,300 (-76.7%)	$1.81M (-80.6%)	0.4%	$71.53	—	ACT	F92124100
IQV	IQVIA HLDGS INC	13,560 (-74.7%)	$2.62M (-71.3%)	0.6%	$217.58	—	COM	46266C105
MCK	MCKESSON CORP	11,533 (-33.7%)	$8.714M (-42.1%)	2.1%	$848.01	—	COM	58155Q103
MRSH	MARSH & MCLENNAN COS INC	37,386 (-45.6%)	$6.231M (-47.7%)	1.5%	$174.89	—	COM	571748102
ASML	ASML HLDG NV	11,311 (-12.8%)	$22.5M (+31.3%)	5.4%	$680.62	—	N Y REGISTRY SHS	N07059210
ALC	ALCON AG	40,518 (-61.4%)	$2.719M (-65.7%)	0.7%	$89.55	—	ORD SHS	H01301128
MCO	MOODYS CORP	11,862 (-45.4%)	$5.373M (-43.3%)	1.3%	$344.54	—	COM	615369105
MA	MASTERCARD INCORPORATED	14,915 (-34.9%)	$7.66M (-33.1%)	1.8%	$426.04	—	CL A	57636Q104
VZ	VERIZON COMMUNICATIONS INC	54,859 (-50.5%)	$2.323M (-58.2%)	0.6%	$43.82	—	COM	92343V104
CDNS	CADENCE DESIGN SYSTEM INC	16,839 (-50.1%)	$6.32M (-32.5%)	1.5%	$289.66	—	COM	127387108
DIS	DISNEY WALT CO	77,350 (-27.5%)	$7.445M (-27.6%)	1.8%	$109.45	—	COM	254687106
GOOG	ALPHABET INC	67,916 (-9.6%)	$24M (+11.4%)	5.8%	$116.65	—	CAP STK CL C	02079K107
TDY	TELEDYNE TECHNOLOGIES INC	18,339 (-24.2%)	$12.23M (-16.5%)	2.9%	$469.08	—	COM	879360105
MSFT	MICROSOFT CORP	31,239 (-17.0%)	$11.65M (-16.4%)	2.8%	$354.81	—	COM	594918104
CLBT	CELLEBRITE DI LTD	273,359 (-39.7%)	$3.991M (-36.1%)	1.0%	$17.96	—	ORDINARY SHARES	M2197Q107
AZO	AUTOZONE INC	2,520 (-12.3%)	$8.054M (-17.0%)	1.9%	$2144.89	—	COM	053332102
TD	TORONTO DOMINION BK ONT	82,988 (-11.5%)	$10.08M (+15.1%)	2.4%	$92.21	—	COM NEW	891160509
TSM	TAIWAN SEMICONDUCTOR MANUFAC	49,789 (-32.3%)	$23.78M (-4.3%)	5.7%	$279.29	—	SPONSORED ADS	874039100
VLTO	VERALTO CORP	59,825 (-11.5%)	$5.305M (-11.2%)	1.3%	$84.02	—	COM SHS	92338C103
TT	TRANE TECHNOLOGIES PLC	35,978 (-12.1%)	$17.67M (+3.6%)	4.3%	$188.80	—	SHS	G8994E103
HUBB	HUBBELL INC	18,826 (-11.1%)	$9.85M (-5.2%)	2.4%	$413.26	—	COM	443510607
JPM	JPMORGAN CHASE & CO	45,558 (-7.3%)	$14.91M (+3.1%)	3.6%	$278.08	—	COM	46625H100
TXN	TEXAS INSTRS INC	25,007 (-31.6%)	$7.454M (+4.9%)	1.8%	$203.95	—	COM	882508104
META	META PLATFORMS INC	16,144 (-1.5%)	$9.094M (-3.0%)	2.2%	$681.00	—	CL A	30303M102
AMZN	AMAZON COM INC	56,734 (-11.7%)	$13.52M (+1.1%)	3.3%	$226.42	—	COM	023135106
AAPL	APPLE INC	61,547 (-12.5%)	$17.81M (-0.3%)	4.3%	$268.34	—	COM	037833100
TDG	TRANSDIGM GROUP INC	4,554 (-12.8%)	$6.066M (+0.2%)	1.5%	$1337.33	—	COM	893641100

Unchanged Positions (5)

TU TELUS CORPORATION 0.1%

Value $389K Shares 36,868 Est. Cost $19.58 Unrealized —

BEP BROOKFIELD RENEWABLE ENERGY 0.2%

Value $796K Shares 23,000 Est. Cost $29.26 Unrealized —

FNV FRANCO NEV CORP 0.1%

Value $242K Shares 1,162 Est. Cost $245.78 Unrealized —

HD HOME DEPOT INC 0.1%

Value $353K Shares 1,000 Est. Cost $270.67 Unrealized —

DUK DUKE ENERGY CORP NEW 0.1%

Value $380K Shares 3,000 Est. Cost $94.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TU	TELUS CORPORATION	36,868	$389K	0.1%	$19.58	—	COM	87971M103
BEP	BROOKFIELD RENEWABLE ENERGY	23,000	$796K	0.2%	$29.26	—	PARTNERSHIP UNIT	G16258108
FNV	FRANCO NEV CORP	1,162	$242K	0.1%	$245.78	—	COM	351858105
HD	HOME DEPOT INC	1,000	$353K	0.1%	$270.67	—	COM	437076102
DUK	DUKE ENERGY CORP NEW	3,000	$380K	0.1%	$94.02	—	COM NEW	26441C204