# EDGAR Filing Document

**Accession Number:** 0002103310
**File Stem:** 0002103310-26-000007
**Filing Date:** 2026-4
**Character Count:** 25841
**Document Hash:** db0f01cbff51a9733e7b607b957e0a28
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002103310-26-000007.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0002103310-26-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**EFFECTIVENESS DATE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PBU - The Pension Fund of Early Childhood & Youth Educators
- **CENTRAL INDEX KEY:** 0002103310

**ORGANIZATION NAME:**
- **EIN:** 980577912
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 213800DWGI8JUAGVUZ17

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26199
- **FILM NUMBER:** 26853118

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUNDKROGSGADE 13
- **CITY:** COPENHAGEN
- **PROVINCE COUNTRY:** G7
- **ZIP:** 2100
- **BUSINESS PHONE:** 70112011

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUNDKROGSGADE 13
- **CITY:** COPENHAGEN
- **PROVINCE COUNTRY:** G7
- **ZIP:** 2100

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [x] **Amendment Number:** 1

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PBU - The Pension Fund of Early Childhood  Youth Educators<br>**Address:** SUNDKROGSGADE 13<br>COPENHAGEN, G7 2100

**Form 13F File Number:** 028-26199

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:** Jesper Rask Miskin<br>**Title:** Financial Analyst<br>**Phone:** 28778816

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

Jesper Rask Miskin  Copenhagen, G7  04-10-2026<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:** 209

**Form 13F Information Table Value Total:** $6941968741

      (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 |
| AFLAC INC | COM | 001055102 | BBG000BBBNC6 | 7880446 | 71465 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG000B9ZXB4 | 12372262 | 98749 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG000BBQCY0 | 33961493 | 158580 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG000DLVDK3 | 17875136 | 105270 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG000BC4JJ4 | 19355005 | 78354 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 | BBG000BVMGF2 | 11016755 | 52927 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG000BCQZS4 | 38384532 | 103756 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG000BBS2Y0 | 17162827 | 52436 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG000BB6G37 | 34335005 | 126604 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 433118109 | 1593166 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG000BBPFB9 | 73689827 | 286742 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | BBG000N2HDY5 | 67191398 | 512794 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 10196952 | 34448 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG000JG0547 | 24133576 | 93821 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG000BCTLF6 | 22816255 | 414841 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 | BBG000DLY9B9 | 13284549 | 102160 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 | BBG000C2RV03 | 11344414 | 153616 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG000BCZYD3 | 11201526 | 57719 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG000C0LW92 | 16783030 | 176015 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 11712747 | 217144 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 | BBG000BWJFZ4 | 7460448 | 96463 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDP0 | 833396 | 3028 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 | BBG000CDMJW6 | 9973781 | 125346 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 | BBG000FKTHQ1 | 13564269 | 149429 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG000HS74G6 | 12359411 | 124802 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG000BGGBT8 | 11648981 | 36419 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CARVANA CO | CL A | 146869102 | BBG00GCTWDJ3 | 4662477 | 11048 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG000QX74T1 | 830909 | 22457 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG000FY4S11 | 20913065 | 179219 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG000BMX289 | 47995732 | 686536 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG000BFQYY3 | 20872659 | 264144 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG000BHLYS1 | 7943713 | 79981 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG000BKFZM4 | 11481568 | 131128 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG000BGPTV6 | 31549383 | 61807 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 18599750 | 81250 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 | BBG000BBNYF6 | 9447219 | 51338 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 | BBG000BN8ZK8 | 12985452 | 360707 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 | BBG000BKXYX5 | 8693766 | 83860 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG000BH1NH9 | 13013147 | 27951 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG000R7Z112 | 10832715 | 156091 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DEXCOM INC | COM | 252131107 | BBG000QTF8K1 | 17852269 | 268981 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG000BH4R78 | 31537158 | 277201 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| EBAY INC. | COM | 278642103 | BBG000C43RR5 | 65737157 | 754732 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG000BHKYH4 | 18282418 | 69642 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| EDISON INTL | COM | 281020107 | BBG000D7RKJ5 | 12024587 | 200343 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 | BBG000DW76Y6 | 11758262 | 6955 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG000BJL3N0 | 1047935 | 22387 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG000BJKPG0 | 13419223 | 199780 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FORD MTR CO | COM | 345370860 | BBG000BQPC32 | 15791481 | 1203619 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG000BBHXQ3 | 9376738 | 36233 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG000BK6MB5 | 29875522 | 96989 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG000BKCFC2 | 7768848 | 167072 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG000CKGBP2 | 22106579 | 180109 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 | BBG000BKR1D6 | 1412670 | 1400 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG000G0Z878 | 32454932 | 235522 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG000BLHRS2 | 17475357 | 96029 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZB36 | 73506642 | 213620 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJGH9 | 12910519 | 62972 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 | BBG000N7MZ06 | 9212644 | 22957 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG000BMBL90 | 12818437 | 52044 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG000C0G1D1 | 13667502 | 370393 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG000BLNNH6 | 56188371 | 189691 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 20474077 | 30908 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| JABIL INC | COM | 466313103 | BBG000BJNGN9 | 11038220 | 48409 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG000BMHYD1 | 43629406 | 210821 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG000BMTFR4 | 98549063 | 81105 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 | BBG000BB2DM7 | 11719892 | 415552 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG000BNFLM9 | 98377146 | 574700 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG000BNBDC2 | 108497543 | 100958 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 20624968 | 85524 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG000R8ZVD1 | 1546730 | 7443 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 | BBG000BNLPJ7 | 10998932 | 206054 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG000BNSZP1 | 12022873 | 39338 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 380130640 | 786011 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C5Z1S3 | 39610912 | 138786 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 11764876 | 23030 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG000BLZRJ2 | 26051640 | 146745 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG000BPWXK1 | 75305272 | 754184 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG000BQ5DS5 | 28484826 | 98659 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG000BRD0D8 | 26858333 | 128675 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PACCAR INC | COM | 693718108 | BBG000BQVTF5 | 16571163 | 151321 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG000BR3KL6 | 28980190 | 32971 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 | BBG000BQSQ38 | 6727435 | 59970 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG000DH7JK6 | 22597511 | 157452 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG000BR2B91 | 8206617 | 329583 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG000BR2TH3 | 25425200 | 177414 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG000BR37X2 | 52305235 | 229691 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG000CGC1X8 | 44251148 | 258703 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| RESMED INC | COM | 761152107 | BBG000L4M7F1 | 7932572 | 32933 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG000BBCDZ2 | 19666321 | 50547 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG000BSBZH7 | 18084435 | 100391 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG000BSSC44 | 20171115 | 118167 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG000BSLZY7 | 15270744 | 152845 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG000BSXQV7 | 21127080 | 65201 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 | BBG000BC1L02 | 3146169 | 47042 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNJ4 | 11431508 | 52113 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG000CTQBF3 | 14947443 | 177502 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG000HGYNZ9 | 18918245 | 111645 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 14636617 | 41644 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 | BBG000LRMSB8 | 11562329 | 184982 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG000BSFRF3 | 17908075 | 38125 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG000BTVJ25 | 17903428 | 242956 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG000BV8DN6 | 65432944 | 425968 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 10694929 | 52674 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG000BVV7G1 | 14932805 | 86073 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 20608719 | 35566 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 | BBG000BXBHJ4 | 15760256 | 167004 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG000BLXZN1 | 42707640 | 853982 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG000L8CBX4 | 8457846 | 6360 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG000BW3299 | 21961289 | 94939 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 | BBG000M65M61 | 9861741 | 88193 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG000BXMFC3 | 8629779 | 10663 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 | BBG000BL79J3 | 21833679 | 290110 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG000BWQFY7 | 39864063 | 427726 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG000FSMWC3 | 7101631 | 39765 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 | BBG000BH3GZ2 | 9279666 | 61341 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG000H8TVT2 | 1145728 | 11721 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG000BJ81C1 | 11370932 | 39202 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG000BSJK37 | 12263955 | 493718 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RY4 | 30109955 | 131778 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 | BBG001J2PFF5 | 26800921 | 1650303 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 30091090 | 85977 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 78239754 | 249330 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 348883259 | 1114643 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG000B9XYV2 | 11793212 | 67171 | PRN |  | SOLE | 0 | 1 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 | BBG000G3QLY3 | 22297721 | 45474 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX77 | 19736862 | 29291 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 | BBG000C15114 | 22310573 | 379367 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WN4 | 21472091 | 20061 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 221540687 | 640106 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG000C9KL89 | 21443133 | 466416 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CDW CORP | COM | 12514G108 | BBG001P63B80 | 8364723 | 61415 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG000BHLYP4 | 10746517 | 39353 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG000BGKTF9 | 26043521 | 107458 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 | BBG000BPS2C3 | 5467109 | 18458 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG000VPGNR2 | 3766059 | 18041 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG000C3J3C9 | 22324218 | 289812 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | BBG00ZGF7771 | 3727692 | 16484 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG000BFT2L4 | 952863 | 31879 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRNP7 | 11083846 | 31375 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969C1 | 15980287 | 238405 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG000F6H8W8 | 115559596 | 134007 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKS03 | 30420649 | 64896 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DAVITA INC | COM | 23918K108 | BBG000MQ1SN9 | 7209804 | 63461 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG000BGVW60 | 7703296 | 131478 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 | BBG005D7QCJ3 | 13371606 | 59041 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG000BBRPL4 | 46239088 | 75580 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 16548290 | 21599 | PRN |  | SOLE | 0 | 1 | 0 | 0 |
| EXELON CORP | COM | 30161N101 | BBG000J6XT05 | 8188599 | 187855 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 243982466 | 369620 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG000BJF1Z8 | 11317824 | 39181 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD768 | 18929116 | 85025 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | BBG000BJCDS3 | 6734713 | 3138 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 11744614 | 160731 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W31 | 16402646 | 25097 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG000NDYB67 | 32555324 | 400336 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 | BBG006D97VY9 | 34304128 | 335854 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG000QW7VC1 | 32970120 | 70621 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 21491758 | 74819 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 19059713 | 33653 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 141777444 | 440002 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 9105775 | 527871 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG000D9KWL9 | 13726228 | 68127 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 | BBG000C0Q0K4 | 23931050 | 658184 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 75429804 | 132129 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG000GQPB11 | 23468143 | 11651 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG000BPD168 | 81678181 | 775966 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NETAPP INC | COM | 64110D104 | BBG000FP1N32 | 8878511 | 82907 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG000CL9VN6 | 71888605 | 766730 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 | BBG000BX72V8 | 44214416 | 321279 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 9470551 | 117969 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 492959598 | 2643215 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG000BQLTW7 | 61564857 | 315863 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXV6 | 6723625 | 115170 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 | BBG002583CV8 | 18031091 | 696450 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG000B9Z0J8 | 18526530 | 145124 | PRN |  | SOLE | 0 | 1 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG000C734W3 | 10198718 | 13213 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 55832470 | 106838 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 40671897 | 153531 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 46150785 | 301265 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG008HBD923 | 29352319 | 182199 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| 3M CO | COM | 88579Y101 | BBG000BP52R2 | 10287226 | 64255 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 25627770 | 313643 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4VD6 | 11266496 | 18622 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | BBG000BV4XJ1 | 4802823 | 9857 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG000CH5208 | 19520065 | 59132 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG000HS77T5 | 25098070 | 616206 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 127796620 | 364394 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 | BBG000BWP7D9 | 13607504 | 129030 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 | BBG000FLHZZ2 | 11899930 | 67860 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG000BWVSR1 | 10205530 | 46450 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG000BCTQ65 | 8559709 | 115891 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 9081688 | 72180 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 | BBG000JLVJ97 | 74569980 | 1142166 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 | BBG003PS7JV1 | 8601064 | 54020 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPK6 | 11595990 | 32861 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG000D9D830 | 20210771 | 75329 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG000BJ3PD2 | 23407300 | 73490 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG000BVWLJ6 | 18131946 | 151415 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CC1 | 11379923 | 26689 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG000BNWG87 | 10089182 | 105030 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 | BBG000C221G9 | 887689 | 8524 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 | BBG01Q08MMR1 | 10606744 | 46621 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 67552666 | 173568 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | BBG000DB3KT1 | 8052014 | 24504 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG000BR14K5 | 9893268 | 31697 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 | BBG007DJM539 | 17683635 | 379049 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG003T4VFC2 | 12243690 | 21084 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 | BBG000BB5792 | 2752940 | 9870 | SH |  | SOLE | 0 | 1 | 0 | 0 |

---