# EDGAR Filing Document

**Accession Number:** 0001456133
**File Stem:** 0001580642-25-004698
**Filing Date:** 2025-8
**Character Count:** 25696
**Document Hash:** 02d5495ef3318607e0032c70422b623c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-004698.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001580642-25-004698

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Convergence Investment Partners, LLC
- **CENTRAL INDEX KEY:** 0001456133

**ORGANIZATION NAME:**
- **EIN:** 263620998
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13404
- **FILM NUMBER:** 251174520

**BUSINESS ADDRESS:**
- **STREET 1:** 3801 PGA BLVD.
- **STREET 2:** SUITE 1001
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410
- **BUSINESS PHONE:** 5614948001

**MAIL ADDRESS:**
- **STREET 1:** 3801 PGA BLVD.
- **STREET 2:** SUITE 1001
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mariner Quantitative Solutions, LLC
- **DATE OF NAME CHANGE:** 20090212

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Convergence Investment Partners LLC<br>**Address:** 3801 Pga Blvd.<br>Suite 1001<br>Palm Beach Gardens, FL 33410

**Form 13F File Number:** 028-13404

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John C Callen<br>**Title:** Chief Compliance Officer<br>**Phone:** 561-494-8001

**Signature, Place, and Date of Signing:**

/s/ John C Callen  Milwaukee, WI  07-30-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 233

**Form 13F Information Table Value Total:** $394461498

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 320401 | 2356 | SH |  | SOLE |  | 2356 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 4600934 | 24787 | SH |  | SOLE |  | 24787 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 256287 | 857 | SH |  | SOLE |  | 857 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 1829698 | 216021 | SH |  | SOLE |  | 216021 | 0 | 0 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 813890 | 6397 | SH |  | SOLE |  | 6397 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 249053 | 1755 | SH |  | SOLE |  | 1755 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 464315 | 21586 | SH |  | SOLE |  | 21586 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 689680 | 3426 | SH |  | SOLE |  | 3426 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 736637 | 2259 | SH |  | SOLE |  | 2259 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7415052 | 42076 | SH |  | SOLE |  | 42076 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1593823 | 8985 | SH |  | SOLE |  | 8985 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 4692968 | 80044 | SH |  | SOLE |  | 80044 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7778911 | 35457 | SH |  | SOLE |  | 35457 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 367467 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 521304 | 14189 | SH |  | SOLE |  | 14189 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 264526 | 947 | SH |  | SOLE |  | 947 | 0 | 0 |
| AMNEAL PHARMACEUTICALS INC | COM STK CL A | 03168L105 |  | 1292531 | 159769 | SH |  | SOLE |  | 159769 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1191876 | 12070 | SH |  | SOLE |  | 12070 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 3510800 | 14750 | SH |  | SOLE |  | 14750 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3760199 | 18327 | SH |  | SOLE |  | 18327 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 227455 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 2641704 | 7546 | SH |  | SOLE |  | 7546 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3132835 | 30621 | SH |  | SOLE |  | 30621 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 5317393 | 183739 | SH |  | SOLE |  | 183739 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 1882816 | 49613 | SH |  | SOLE |  | 49613 | 0 | 0 |
| BANCORP INC DEL | COM | 05969A105 |  | 1221836 | 21447 | SH |  | SOLE |  | 21447 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3742185 | 79083 | SH |  | SOLE |  | 79083 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 5048936 | 55416 | SH |  | SOLE |  | 55416 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1353097 | 18417 | SH |  | SOLE |  | 18417 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1434965 | 2954 | SH |  | SOLE |  | 2954 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 1372365 | 24463 | SH |  | SOLE |  | 24463 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 1037765 | 18906 | SH |  | SOLE |  | 18906 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 1071114 | 44779 | SH |  | SOLE |  | 44779 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 1754174 | 303 | SH |  | SOLE |  | 303 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 1321020 | 39457 | SH |  | SOLE |  | 39457 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 1832695 | 32085 | SH |  | SOLE |  | 32085 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 770550 | 4273 | SH |  | SOLE |  | 4273 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3530464 | 76268 | SH |  | SOLE |  | 76268 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 7666020 | 27811 | SH |  | SOLE |  | 27811 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 964829 | 10056 | SH |  | SOLE |  | 10056 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 2561619 | 25711 | SH |  | SOLE |  | 25711 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2346530 | 11029 | SH |  | SOLE |  | 11029 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 5227876 | 31118 | SH |  | SOLE |  | 31118 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 734073 | 26105 | SH |  | SOLE |  | 26105 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 2630647 | 7807 | SH |  | SOLE |  | 7807 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 1191460 | 54906 | SH |  | SOLE |  | 54906 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2182974 | 5623 | SH |  | SOLE |  | 5623 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 797121 | 3418 | SH |  | SOLE |  | 3418 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1587534 | 5294 | SH |  | SOLE |  | 5294 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 998969 | 18404 | SH |  | SOLE |  | 18404 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 2334818 | 25378 | SH |  | SOLE |  | 25378 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 1242926 | 5104 | SH |  | SOLE |  | 5104 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2439779 | 17039 | SH |  | SOLE |  | 17039 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 236770 | 817 | SH |  | SOLE |  | 817 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 739837 | 3320 | SH |  | SOLE |  | 3320 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 6512505 | 93867 | SH |  | SOLE |  | 93867 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1853576 | 21776 | SH |  | SOLE |  | 21776 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 351327 | 4966 | SH |  | SOLE |  | 4966 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 1225032 | 13732 | SH |  | SOLE |  | 13732 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1177989 | 12959 | SH |  | SOLE |  | 12959 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1329990 | 37265 | SH |  | SOLE |  | 37265 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 1510395 | 8664 | SH |  | SOLE |  | 8664 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 210766 | 2349 | SH |  | SOLE |  | 2349 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 603382 | 28637 | SH |  | SOLE |  | 28637 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1303746 | 24791 | SH |  | SOLE |  | 24791 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 632201 | 639 | SH |  | SOLE |  | 639 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 2576780 | 27830 | SH |  | SOLE |  | 27830 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 683543 | 7446 | SH |  | SOLE |  | 7446 | 0 | 0 |
| CUSHMAN WAKEFIELD PLC | SHS | G2717B108 |  | 470486 | 42501 | SH |  | SOLE |  | 42501 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 517422 | 7501 | SH |  | SOLE |  | 7501 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 243473 | 479 | SH |  | SOLE |  | 479 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1087222 | 22107 | SH |  | SOLE |  | 22107 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 321431 | 2592 | SH |  | SOLE |  | 2592 | 0 | 0 |
| DORMAN PRODS INC | COM | 258278100 |  | 1101577 | 8980 | SH |  | SOLE |  | 8980 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 1460659 | 51072 | SH |  | SOLE |  | 51072 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 252155 | 706 | SH |  | SOLE |  | 706 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1926593 | 25874 | SH |  | SOLE |  | 25874 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 831570 | 16116 | SH |  | SOLE |  | 16116 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 737845 | 4620 | SH |  | SOLE |  | 4620 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 223832 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 653277 | 838 | SH |  | SOLE |  | 838 | 0 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 1250726 | 21468 | SH |  | SOLE |  | 21468 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 1287439 | 22949 | SH |  | SOLE |  | 22949 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 425831 | 6905 | SH |  | SOLE |  | 6905 | 0 | 0 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 1101718 | 5742 | SH |  | SOLE |  | 5742 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 1679742 | 38111 | SH |  | SOLE |  | 38111 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 973935 | 22431 | SH |  | SOLE |  | 22431 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 957739 | 8190 | SH |  | SOLE |  | 8190 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3279437 | 30421 | SH |  | SOLE |  | 30421 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1023351 | 3477 | SH |  | SOLE |  | 3477 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 1734109 | 39127 | SH |  | SOLE |  | 39127 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1753334 | 42629 | SH |  | SOLE |  | 42629 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 2675812 | 53602 | SH |  | SOLE |  | 53602 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 1626438 | 31723 | SH |  | SOLE |  | 31723 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 148721 | 13707 | SH |  | SOLE |  | 13707 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1778105 | 16819 | SH |  | SOLE |  | 16819 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 813441 | 18764 | SH |  | SOLE |  | 18764 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 1922471 | 9211 | SH |  | SOLE |  | 9211 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 244716 | 951 | SH |  | SOLE |  | 951 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 347697 | 4694 | SH |  | SOLE |  | 4694 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1247748 | 2358 | SH |  | SOLE |  | 2358 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 1247764 | 42442 | SH |  | SOLE |  | 42442 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1093233 | 3748 | SH |  | SOLE |  | 3748 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1761957 | 35805 | SH |  | SOLE |  | 35805 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 739720 | 16808 | SH |  | SOLE |  | 16808 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 6132348 | 55311 | SH |  | SOLE |  | 55311 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 2364368 | 13131 | SH |  | SOLE |  | 13131 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 500936 | 708 | SH |  | SOLE |  | 708 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 1108748 | 11857 | SH |  | SOLE |  | 11857 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 1013167 | 2320 | SH |  | SOLE |  | 2320 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1429250 | 27475 | SH |  | SOLE |  | 27475 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 263930 | 689 | SH |  | SOLE |  | 689 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 1371479 | 67065 | SH |  | SOLE |  | 67065 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3678373 | 10033 | SH |  | SOLE |  | 10033 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1317328 | 5657 | SH |  | SOLE |  | 5657 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1455168 | 7818 | SH |  | SOLE |  | 7818 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 774300 | 3167 | SH |  | SOLE |  | 3167 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1140334 | 68039 | SH |  | SOLE |  | 68039 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 284045 | 4171 | SH |  | SOLE |  | 4171 | 0 | 0 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 640714 | 36219 | SH |  | SOLE |  | 36219 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8338128 | 28286 | SH |  | SOLE |  | 28286 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 237255 | 301 | SH |  | SOLE |  | 301 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 3192984 | 14640 | SH |  | SOLE |  | 14640 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1852872 | 12130 | SH |  | SOLE |  | 12130 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 2609078 | 24702 | SH |  | SOLE |  | 24702 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 5028462 | 17345 | SH |  | SOLE |  | 17345 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2126336 | 16493 | SH |  | SOLE |  | 16493 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1317431 | 44811 | SH |  | SOLE |  | 44811 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 3758690 | 4196 | SH |  | SOLE |  | 4196 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 294734 | 4109 | SH |  | SOLE |  | 4109 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 2624976 | 62559 | SH |  | SOLE |  | 62559 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 2696675 | 27704 | SH |  | SOLE |  | 27704 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 925606 | 9745 | SH |  | SOLE |  | 9745 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 281869 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 1148250 | 3399 | SH |  | SOLE |  | 3399 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1683244 | 3634 | SH |  | SOLE |  | 3634 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 290210 | 1308 | SH |  | SOLE |  | 1308 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1285453 | 7739 | SH |  | SOLE |  | 7739 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 1287599 | 7555 | SH |  | SOLE |  | 7555 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 522597 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 250828 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1850316 | 2525 | SH |  | SOLE |  | 2525 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2107064 | 24172 | SH |  | SOLE |  | 24172 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1299360 | 16414 | SH |  | SOLE |  | 16414 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8833732 | 11968 | SH |  | SOLE |  | 11968 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 2275229 | 28292 | SH |  | SOLE |  | 28292 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1842507 | 66182 | SH |  | SOLE |  | 66182 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8532482 | 17154 | SH |  | SOLE |  | 17154 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 313920 | 3187 | SH |  | SOLE |  | 3187 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1889250 | 13412 | SH |  | SOLE |  | 13412 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 1597933 | 43803 | SH |  | SOLE |  | 43803 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1798190 | 16876 | SH |  | SOLE |  | 16876 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 4835598 | 3611 | SH |  | SOLE |  | 3611 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 853537 | 14650 | SH |  | SOLE |  | 14650 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 864374 | 15898 | SH |  | SOLE |  | 15898 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 1065377 | 20768 | SH |  | SOLE |  | 20768 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 3644178 | 22694 | SH |  | SOLE |  | 22694 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 2725927 | 35661 | SH |  | SOLE |  | 35661 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 11818446 | 74805 | SH |  | SOLE |  | 74805 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 598238 | 81 | SH |  | SOLE |  | 81 | 0 | 0 |
| O-I GLASS INC | COM | 67098H104 |  | 867641 | 58863 | SH |  | SOLE |  | 58863 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 2032857 | 52884 | SH |  | SOLE |  | 52884 | 0 | 0 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 447185 | 13768 | SH |  | SOLE |  | 13768 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 568896 | 2602 | SH |  | SOLE |  | 2602 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 |  | 1603513 | 98254 | SH |  | SOLE |  | 98254 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1800106 | 13205 | SH |  | SOLE |  | 13205 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 361099 | 2341 | SH |  | SOLE |  | 2341 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 2653344 | 49018 | SH |  | SOLE |  | 49018 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 273333 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 273908 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2632619 | 14455 | SH |  | SOLE |  | 14455 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1466256 | 12290 | SH |  | SOLE |  | 12290 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 1162958 | 25855 | SH |  | SOLE |  | 25855 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1223511 | 6563 | SH |  | SOLE |  | 6563 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 1323421 | 16980 | SH |  | SOLE |  | 16980 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 529650 | 3324 | SH |  | SOLE |  | 3324 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 270596 | 1014 | SH |  | SOLE |  | 1014 | 0 | 0 |
| PTC THERAPEUTICS INC | COM | 69366J200 |  | 1205322 | 24679 | SH |  | SOLE |  | 24679 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 400898 | 5844 | SH |  | SOLE |  | 5844 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3282025 | 20608 | SH |  | SOLE |  | 20608 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 485201 | 1769 | SH |  | SOLE |  | 1769 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 1276326 | 4947 | SH |  | SOLE |  | 4947 | 0 | 0 |
| REV GROUP INC | COM | 749527107 |  | 1033893 | 21725 | SH |  | SOLE |  | 21725 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1927374 | 20585 | SH |  | SOLE |  | 20585 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1313068 | 3953 | SH |  | SOLE |  | 3953 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 672947 | 3784 | SH |  | SOLE |  | 3784 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1287657 | 8818 | SH |  | SOLE |  | 8818 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 204949 | 389 | SH |  | SOLE |  | 389 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 59708 | 18895 | SH |  | SOLE |  | 18895 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 333559 | 1223 | SH |  | SOLE |  | 1223 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1435218 | 15730 | SH |  | SOLE |  | 15730 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 1790281 | 19923 | SH |  | SOLE |  | 19923 | 0 | 0 |
| SEZZLE INC | COM | 78435P105 |  | 497060 | 2773 | SH |  | SOLE |  | 2773 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1225639 | 7624 | SH |  | SOLE |  | 7624 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1380507 | 13645 | SH |  | SOLE |  | 13645 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1750303 | 2281 | SH |  | SOLE |  | 2281 | 0 | 0 |
| STAG INDL INC | COM | 85254J102 |  | 1073164 | 29580 | SH |  | SOLE |  | 29580 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1758206 | 16534 | SH |  | SOLE |  | 16534 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1332235 | 5774 | SH |  | SOLE |  | 5774 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 2018204 | 22144 | SH |  | SOLE |  | 22144 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 864752 | 5956 | SH |  | SOLE |  | 5956 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 3823785 | 57294 | SH |  | SOLE |  | 57294 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 962426 | 27945 | SH |  | SOLE |  | 27945 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 931697 | 2933 | SH |  | SOLE |  | 2933 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 217648 | 1048 | SH |  | SOLE |  | 1048 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 324490 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 219539 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 782515 | 3284 | SH |  | SOLE |  | 3284 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 1244673 | 4652 | SH |  | SOLE |  | 4652 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1026300 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 872732 | 23963 | SH |  | SOLE |  | 23963 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1064273 | 4626 | SH |  | SOLE |  | 4626 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 1210535 | 15202 | SH |  | SOLE |  | 15202 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 529414 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 684204 | 3777 | SH |  | SOLE |  | 3777 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 1169690 | 14484 | SH |  | SOLE |  | 14484 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1608845 | 35555 | SH |  | SOLE |  | 35555 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 2963627 | 22048 | SH |  | SOLE |  | 22048 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 651400 | 10315 | SH |  | SOLE |  | 10315 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 3341994 | 11572 | SH |  | SOLE |  | 11572 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 704613 | 2262 | SH |  | SOLE |  | 2262 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1567230 | 36220 | SH |  | SOLE |  | 36220 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1696513 | 52040 | SH |  | SOLE |  | 52040 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 727716 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 222987 | 2390 | SH |  | SOLE |  | 2390 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 1092516 | 5637 | SH |  | SOLE |  | 5637 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 127968 | 11147 | SH |  | SOLE |  | 11147 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 5778022 | 59092 | SH |  | SOLE |  | 59092 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3781208 | 47194 | SH |  | SOLE |  | 47194 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 792369 | 5154 | SH |  | SOLE |  | 5154 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 2157001 | 34342 | SH |  | SOLE |  | 34342 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 1100141 | 21181 | SH |  | SOLE |  | 21181 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 1169154 | 14993 | SH |  | SOLE |  | 14993 | 0 | 0 |

---