# EDGAR Filing Document

**Accession Number:** 0000769317
**File Stem:** 0000897101-25-000605
**Filing Date:** 2025-11
**Character Count:** 55991
**Document Hash:** 32711d8d078db1a59f4ba0ecb86bc2ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897101-25-000605.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000897101-25-000605

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT INVESTMENT ASSOCIATES INC
- **CENTRAL INDEX KEY:** 0000769317

**ORGANIZATION NAME:**
- **EIN:** 411404829
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00180
- **FILM NUMBER:** 251476069

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CENTER
- **STREET 2:** 80 SOUTH EIGHTH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 6123323223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CENTER
- **STREET 2:** 80 SOUTH EIGHTH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** SIT INVESTMENT ASSOCIATES INC<br>**Address:** 3300 IDS Center<br>80 South Eighth Street<br>Minneapolis, MN 55402

**Form 13F File Number:** 028-00180

**CRD Number (if applicable):** 000105725

**SEC File Number (if applicable):** 801-16350

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:** Paul E. Rasmussen<br>**Title:** Vice President<br>**Phone:** 612-332-3223

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

/s/ Paul E. Rasmussen  Minneapolis, MN  11-13-2025<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:** 1

**Form 13F Information Table Entry Total:** 516

**Form 13F Information Table Value Total:** $4928995

      (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.]

| No.   | Name                                  | Form 13F File Number   |
|:---|:---|:---|
|  | SIT FIXED INCOME ADVISORS II LLC /ADV | 028-19972              |

### 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 | COMMON | 001055102 |  | 469 | 4200 | SH |  | SOLE | 1 | 4200 | 0 | 0 |
| AZZ INC | COMMON | 002474104 |  | 3416 | 31300 | SH |  | SOLE | 1 | 31300 | 0 | 0 |
| ABBOTT LABORATORIES | COMMON | 002824100 |  | 19472 | 145378 | SH |  | SOLE | 1 | 145378 | 0 | 0 |
| ADDUS HOMECARE CORP | COMMON | 006739106 |  | 3366 | 28525 | SH |  | SOLE | 1 | 28525 | 0 | 0 |
| AEROVIRONMENT INC | COMMON | 008073108 |  | 7291 | 23153 | SH |  | SOLE | 1 | 23153 | 0 | 0 |
| AIRBNB INC | COMMON | 009066101 |  | 2048 | 16870 | SH |  | SOLE | 1 | 16870 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS INC | COMMON | 009158106 |  | 32 | 116 | SH |  | SOLE | 1 | 116 | 0 | 0 |
| ALASKA AIR GROUP INC | COMMON | 011659109 |  | 1915 | 38475 | SH |  | SOLE | 1 | 38475 | 0 | 0 |
| ALBEMARLE CORP | COMMON | 012653101 |  | 28 | 341 | SH |  | SOLE | 1 | 341 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COMMON | 016255101 |  | 1072 | 8560 | SH |  | SOLE | 1 | 8560 | 0 | 0 |
| ALLIANZ SE ADR | DEPOSITARY RECEI | 018820100 |  | 6742 | 160634 | SH |  | SOLE | 1 | 160634 | 0 | 0 |
| AMAZON.COM INC | COMMON | 023135106 |  | 53203 | 242304 | SH |  | SOLE | 1 | 242304 | 0 | 0 |
| AMEREN CORP | COMMON | 023608102 |  | 28 | 268 | SH |  | SOLE | 1 | 268 | 0 | 0 |
| AMENTUM HOLDINGS INC | COMMON | 023939101 |  | 628 | 26202 | SH |  | SOLE | 1 | 26202 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP I | COMMON | 026874784 |  | 7182 | 91441 | SH |  | SOLE | 1 | 91441 | 0 | 0 |
| AMETEK INC | COMMON | 031100100 |  | 2759 | 14675 | SH |  | SOLE | 1 | 14675 | 0 | 0 |
| AMGEN INC | COMMON | 031162100 |  | 116 | 410 | SH |  | SOLE | 1 | 410 | 0 | 0 |
| ANALOG DEVICES INC | COMMON | 032654105 |  | 538 | 2191 | SH |  | SOLE | 1 | 2191 | 0 | 0 |
| APPLE INC | COMMON | 037833100 |  | 120651 | 473829 | SH |  | SOLE | 1 | 473829 | 0 | 0 |
| APPLIED MATERIALS INC | COMMON | 038222105 |  | 23644 | 115484 | SH |  | SOLE | 1 | 115484 | 0 | 0 |
| ARISTA NETWORKS INC | COMMON | 040413205 |  | 39770 | 272937 | SH |  | SOLE | 1 | 272937 | 0 | 0 |
| ASTRAZENECA PLC ADR | DEPOSITARY RECEI | 046353108 |  | 18324 | 238845 | SH |  | SOLE | 1 | 238845 | 0 | 0 |
| ATLASSIAN CORP | COMMON | 049468101 |  | 9902 | 62002 | SH |  | SOLE | 1 | 62002 | 0 | 0 |
| AUTODESK INC | COMMON | 052769106 |  | 10370 | 32643 | SH |  | SOLE | 1 | 32643 | 0 | 0 |
| AVERY DENNISON CORP | COMMON | 053611109 |  | 101 | 620 | SH |  | SOLE | 1 | 620 | 0 | 0 |
| BAIDU INC ADR | DEPOSITARY RECEI | 056752108 |  | 847 | 6425 | SH |  | SOLE | 1 | 6425 | 0 | 0 |
| BANK OF AMERICA CORP | COMMON | 060505104 |  | 15995 | 310038 | SH |  | SOLE | 1 | 310038 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | COMMON | 064058100 |  | 4754 | 43630 | SH |  | SOLE | 1 | 43630 | 0 | 0 |
| BELDEN INC | COMMON | 077454106 |  | 2774 | 23065 | SH |  | SOLE | 1 | 23065 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | COMMON | 084670702 |  | 268 | 533 | SH |  | SOLE | 1 | 533 | 0 | 0 |
| BHP GROUP ADR | DEPOSITARY RECEI | 088606108 |  | 1160 | 20800 | SH |  | SOLE | 1 | 20800 | 0 | 0 |
| BOOT BARN HOLDINGS INC | COMMON | 099406100 |  | 1998 | 12055 | SH |  | SOLE | 1 | 12055 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDING CO | COMMON | 099502106 |  | 5085 | 50875 | SH |  | SOLE | 1 | 50875 | 0 | 0 |
| BRADY CORP | COMMON | 104674106 |  | 123 | 1575 | SH |  | SOLE | 1 | 1575 | 0 | 0 |
| BRINK'S CO/THE | COMMON | 109696104 |  | 614 | 5250 | SH |  | SOLE | 1 | 5250 | 0 | 0 |
| CSW INDUSTRIALS INC | COMMON | 126402106 |  | 1642 | 6765 | SH |  | SOLE | 1 | 6765 | 0 | 0 |
| CSX CORP | COMMON | 126408103 |  | 10381 | 292339 | SH |  | SOLE | 1 | 292339 | 0 | 0 |
| CABOT CORP | COMMON | 127055101 |  | 1346 | 17700 | SH |  | SOLE | 1 | 17700 | 0 | 0 |
| CARLISLE COS INC | COMMON | 142339100 |  | 4765 | 14485 | SH |  | SOLE | 1 | 14485 | 0 | 0 |
| CASEY'S GENERAL STORES INC | COMMON | 147528103 |  | 4141 | 7325 | SH |  | SOLE | 1 | 7325 | 0 | 0 |
| CATERPILLAR INC | COMMON | 149123101 |  | 2052 | 4300 | SH |  | SOLE | 1 | 4300 | 0 | 0 |
| CENTURY COMMUNITIES INC | COMMON | 156504300 |  | 622 | 9820 | SH |  | SOLE | 1 | 9820 | 0 | 0 |
| CHESAPEAKE UTILITIES CORP | COMMON | 165303108 |  | 1686 | 12515 | SH |  | SOLE | 1 | 12515 | 0 | 0 |
| CIENA CORP | COMMON | 171779309 |  | 6814 | 46775 | SH |  | SOLE | 1 | 46775 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COMMON | 172573107 |  | 623 | 4700 | SH |  | SOLE | 1 | 4700 | 0 | 0 |
| CITIGROUP INC | COMMON | 172967424 |  | 4631 | 45625 | SH |  | SOLE | 1 | 45625 | 0 | 0 |
| CITIZENS FINL GROUP INC | COMMON | 174610105 |  | 5741 | 108000 | SH |  | SOLE | 1 | 108000 | 0 | 0 |
| COCA-COLA CO/THE | COMMON | 191216100 |  | 8895 | 134117 | SH |  | SOLE | 1 | 134117 | 0 | 0 |
| COLLIERS INTL GROUP INC | COMMON | 194693107 |  | 4089 | 26175 | SH |  | SOLE | 1 | 26175 | 0 | 0 |
| COLUMBIA BANKING SYSTEM INC | COMMON | 197236102 |  | 1708 | 66350 | SH |  | SOLE | 1 | 66350 | 0 | 0 |
| COMMERCIAL METALS CO | COMMON | 201723103 |  | 427 | 7450 | SH |  | SOLE | 1 | 7450 | 0 | 0 |
| COPART INC | COMMON | 217204106 |  | 3427 | 76203 | SH |  | SOLE | 1 | 76203 | 0 | 0 |
| CRANE COMPANY | COMMON | 224408104 |  | 4381 | 23790 | SH |  | SOLE | 1 | 23790 | 0 | 0 |
| CRANE NXT COMPANY | COMMON | 224441105 |  | 1987 | 29625 | SH |  | SOLE | 1 | 29625 | 0 | 0 |
| CUBESMART | REIT | 229663109 |  | 405 | 9950 | SH |  | SOLE | 1 | 9950 | 0 | 0 |
| DTE ENERGY CO | COMMON | 233331107 |  | 4278 | 30249 | SH |  | SOLE | 1 | 30249 | 0 | 0 |
| DEERE  CO | COMMON | 244199105 |  | 32 | 71 | SH |  | SOLE | 1 | 71 | 0 | 0 |
| DEXCOM INC | COMMON | 252131107 |  | 8621 | 128116 | SH |  | SOLE | 1 | 128116 | 0 | 0 |
| DONALDSON CO INC | COMMON | 257651109 |  | 4475 | 54675 | SH |  | SOLE | 1 | 54675 | 0 | 0 |
| DOVER CORP | COMMON | 260003108 |  | 3692 | 22128 | SH |  | SOLE | 1 | 22128 | 0 | 0 |
| DYNATRACE INC | COMMON | 268150109 |  | 3537 | 73010 | SH |  | SOLE | 1 | 73010 | 0 | 0 |
| EBAY INC | COMMON | 278642103 |  | 3716 | 40856 | SH |  | SOLE | 1 | 40856 | 0 | 0 |
| ECOLAB INC | COMMON | 278865100 |  | 168 | 615 | SH |  | SOLE | 1 | 615 | 0 | 0 |
| EMERSON ELECTRIC CO | COMMON | 291011104 |  | 10375 | 79089 | SH |  | SOLE | 1 | 79089 | 0 | 0 |
| EQUIFAX INC | COMMON | 294429105 |  | 469 | 1830 | SH |  | SOLE | 1 | 1830 | 0 | 0 |
| EURONET WORLDWIDE INC | COMMON | 298736109 |  | 2538 | 28900 | SH |  | SOLE | 1 | 28900 | 0 | 0 |
| FTI CONSULTING INC | COMMON | 302941109 |  | 887 | 5485 | SH |  | SOLE | 1 | 5485 | 0 | 0 |
| FIFTH THIRD BANCORP | COMMON | 316773100 |  | 6438 | 144519 | SH |  | SOLE | 1 | 144519 | 0 | 0 |
| FOMENTO ECONOMICO MEXICANO ADR | DEPOSITARY RECEI | 344419106 |  | 155 | 1575 | SH |  | SOLE | 1 | 1575 | 0 | 0 |
| ARTHUR J GALLAGHER  CO | COMMON | 363576109 |  | 7405 | 23907 | SH |  | SOLE | 1 | 23907 | 0 | 0 |
| GENERAL DYNAMICS CORP | COMMON | 369550108 |  | 3233 | 9482 | SH |  | SOLE | 1 | 9482 | 0 | 0 |
| GILEAD SCIENCES INC | COMMON | 375558103 |  | 934 | 8410 | SH |  | SOLE | 1 | 8410 | 0 | 0 |
| GLAUKOS CORP | COMMON | 377322102 |  | 5597 | 68630 | SH |  | SOLE | 1 | 68630 | 0 | 0 |
| GRACO INC | COMMON | 384109104 |  | 81 | 950 | SH |  | SOLE | 1 | 950 | 0 | 0 |
| HANOVER INSURANCE GROUP INC/TH | COMMON | 410867105 |  | 2161 | 11900 | SH |  | SOLE | 1 | 11900 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COMMON | 416515104 |  | 8248 | 61835 | SH |  | SOLE | 1 | 61835 | 0 | 0 |
| HERCULES CAPITAL INC | COMMON | 427096508 |  | 662 | 35000 | SH |  | SOLE | 1 | 35000 | 0 | 0 |
| HOME DEPOT INC | COMMON | 437076102 |  | 24350 | 60095 | SH |  | SOLE | 1 | 60095 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | COMMON | 438516106 |  | 17848 | 84790 | SH |  | SOLE | 1 | 84790 | 0 | 0 |
| HORACE MANN EDUCATORS CORP | COMMON | 440327104 |  | 1106 | 24475 | SH |  | SOLE | 1 | 24475 | 0 | 0 |
| HUBBELL INC | COMMON | 443510607 |  | 6607 | 15355 | SH |  | SOLE | 1 | 15355 | 0 | 0 |
| HUBSPOT INC | COMMON | 443573100 |  | 7274 | 15550 | SH |  | SOLE | 1 | 15550 | 0 | 0 |
| HUNTINGTON BANCSHARES INC/OH | COMMON | 446150104 |  | 2635 | 152572 | SH |  | SOLE | 1 | 152572 | 0 | 0 |
| HUNTINGTON INGALLS INDUSTRIES | COMMON | 446413106 |  | 806 | 2800 | SH |  | SOLE | 1 | 2800 | 0 | 0 |
| HUNTSMAN CORP | COMMON | 447011107 |  | 101 | 11225 | SH |  | SOLE | 1 | 11225 | 0 | 0 |
| IBERDROLA SA ADR | DEPOSITARY RECEI | 450737101 |  | 4343 | 57095 | SH |  | SOLE | 1 | 57095 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | COMMON | 459200101 |  | 8000 | 28351 | SH |  | SOLE | 1 | 28351 | 0 | 0 |
| INTUIT INC | COMMON | 461202103 |  | 23227 | 34012 | SH |  | SOLE | 1 | 34012 | 0 | 0 |
| JOHNSON  JOHNSON | COMMON | 478160104 |  | 10777 | 58121 | SH |  | SOLE | 1 | 58121 | 0 | 0 |
| KLA CORP | COMMON | 482480100 |  | 178 | 165 | SH |  | SOLE | 1 | 165 | 0 | 0 |
| KNIGHT-SWIFT TRANSPORT  INC | COMMON | 499049104 |  | 2355 | 59600 | SH |  | SOLE | 1 | 59600 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COMMON | 502431109 |  | 6441 | 21090 | SH |  | SOLE | 1 | 21090 | 0 | 0 |
| ELI LILLY  CO | COMMON | 532457108 |  | 27373 | 35876 | SH |  | SOLE | 1 | 35876 | 0 | 0 |
| LINCOLN ELECTRIC HOLDINGS INC | COMMON | 533900106 |  | 2109 | 8945 | SH |  | SOLE | 1 | 8945 | 0 | 0 |
| LOCKHEED MARTIN CORP | COMMON | 539830109 |  | 3442 | 6894 | SH |  | SOLE | 1 | 6894 | 0 | 0 |
| MP MATERIALS CORP | COMMON | 553368101 |  | 3714 | 55375 | SH |  | SOLE | 1 | 55375 | 0 | 0 |
| MCDONALD'S CORP | COMMON | 580135101 |  | 16096 | 52965 | SH |  | SOLE | 1 | 52965 | 0 | 0 |
| MEREO BIOPHARMA GROUP PLC ADR | DEPOSITARY RECEI | 589492107 |  | 2 | 970 | SH |  | SOLE | 1 | 970 | 0 | 0 |
| MICROSOFT CORP | COMMON | 594918104 |  | 147644 | 285055 | SH |  | SOLE | 1 | 285055 | 0 | 0 |
| MICRON TECHNOLOGY INC | COMMON | 595112103 |  | 7498 | 44814 | SH |  | SOLE | 1 | 44814 | 0 | 0 |
| MONDELEZ INTERNATIONAL INC | COMMON | 609207105 |  | 4578 | 73286 | SH |  | SOLE | 1 | 73286 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | COMMON | 609839105 |  | 14888 | 16171 | SH |  | SOLE | 1 | 16171 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COMMON | 620076307 |  | 640 | 1400 | SH |  | SOLE | 1 | 1400 | 0 | 0 |
| MUNICH RE GROUP ADR | DEPOSITARY RECEI | 626188106 |  | 76 | 5950 | SH |  | SOLE | 1 | 5950 | 0 | 0 |
| NATERA INC | COMMON | 632307104 |  | 3074 | 19095 | SH |  | SOLE | 1 | 19095 | 0 | 0 |
| NATIONAL PRESTO INDUSTRIES INC | COMMON | 637215104 |  | 140 | 1250 | SH |  | SOLE | 1 | 1250 | 0 | 0 |
| NESTLE SA ADR | DEPOSITARY RECEI | 641069406 |  | 1677 | 18270 | SH |  | SOLE | 1 | 18270 | 0 | 0 |
| NEWMONT CORP | COMMON | 651639106 |  | 183 | 2175 | SH |  | SOLE | 1 | 2175 | 0 | 0 |
| NICE LTD ADR | DEPOSITARY RECEI | 653656108 |  | 72 | 500 | SH |  | SOLE | 1 | 500 | 0 | 0 |
| NIKE INC CL B | COMMON | 654106103 |  | 4675 | 67049 | SH |  | SOLE | 1 | 67049 | 0 | 0 |
| NORTHERN OIL AND GAS INC | COMMON | 665531307 |  | 3695 | 149000 | SH |  | SOLE | 1 | 149000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COMMON | 666807102 |  | 3709 | 6087 | SH |  | SOLE | 1 | 6087 | 0 | 0 |
| NOVO-NORDISK A S ADR | DEPOSITARY RECEI | 670100205 |  | 1368 | 24650 | SH |  | SOLE | 1 | 24650 | 0 | 0 |
| CHORD ENERGY CORP | COMMON | 674215207 |  | 1356 | 13650 | SH |  | SOLE | 1 | 13650 | 0 | 0 |
| OLD NATIONAL BANCORP/IN | COMMON | 680033107 |  | 2357 | 107400 | SH |  | SOLE | 1 | 107400 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COMMON | 680223104 |  | 72 | 1700 | SH |  | SOLE | 1 | 1700 | 0 | 0 |
| OLIN CORP | COMMON | 680665205 |  | 1164 | 46575 | SH |  | SOLE | 1 | 46575 | 0 | 0 |
| OUTSET MEDICAL INC | COMMON | 690145206 |  | 2 | 177 | SH |  | SOLE | 1 | 177 | 0 | 0 |
| PPG INDUSTRIES INC | COMMON | 693506107 |  | 29 | 275 | SH |  | SOLE | 1 | 275 | 0 | 0 |
| PALO ALTO NETWORKS INC | COMMON | 697435105 |  | 16000 | 78579 | SH |  | SOLE | 1 | 78579 | 0 | 0 |
| PARKER-HANNIFIN CORP | COMMON | 701094104 |  | 8059 | 10630 | SH |  | SOLE | 1 | 10630 | 0 | 0 |
| PEPSICO INC | COMMON | 713448108 |  | 6849 | 48767 | SH |  | SOLE | 1 | 48767 | 0 | 0 |
| REVVITY INC | COMMON | 714046109 |  | 72 | 820 | SH |  | SOLE | 1 | 820 | 0 | 0 |
| PFIZER INC | COMMON | 717081103 |  | 699 | 27428 | SH |  | SOLE | 1 | 27428 | 0 | 0 |
| PIPER SANDLER COMPANIES | COMMON | 724078100 |  | 1188 | 3425 | SH |  | SOLE | 1 | 3425 | 0 | 0 |
| POWER INTEGRATIONS INC | COMMON | 739276103 |  | 639 | 15900 | SH |  | SOLE | 1 | 15900 | 0 | 0 |
| PROCTER  GAMBLE CO | COMMON | 742718109 |  | 11810 | 76865 | SH |  | SOLE | 1 | 76865 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP | COMMON | 744573106 |  | 9741 | 116712 | SH |  | SOLE | 1 | 116712 | 0 | 0 |
| QUALCOMM INC | COMMON | 747525103 |  | 130 | 779 | SH |  | SOLE | 1 | 779 | 0 | 0 |
| REALTY INCOME CORP | REIT | 756109104 |  | 3768 | 61991 | SH |  | SOLE | 1 | 61991 | 0 | 0 |
| REGAL REXNORD CORP | COMMON | 758750103 |  | 2265 | 15793 | SH |  | SOLE | 1 | 15793 | 0 | 0 |
| REINSURANCE GROUP OF AMERICA I | COMMON | 759351604 |  | 2160 | 11240 | SH |  | SOLE | 1 | 11240 | 0 | 0 |
| RELX PLC - ADR | DEPOSITARY RECEI | 759530108 |  | 3388 | 70948 | SH |  | SOLE | 1 | 70948 | 0 | 0 |
| RENTOKIL INITIAL PLC-ADR | DEPOSITARY RECEI | 760125104 |  | 275 | 10895 | SH |  | SOLE | 1 | 10895 | 0 | 0 |
| RIO TINTO PLC ADR | DEPOSITARY RECEI | 767204100 |  | 2017 | 30550 | SH |  | SOLE | 1 | 30550 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COMMON | 773903109 |  | 972 | 2780 | SH |  | SOLE | 1 | 2780 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COMMON | 776696106 |  | 16 | 32 | SH |  | SOLE | 1 | 32 | 0 | 0 |
| ROSS STORES INC | COMMON | 778296103 |  | 116 | 760 | SH |  | SOLE | 1 | 760 | 0 | 0 |
| SHELL PLC  ADR | DEPOSITARY RECEI | 780259305 |  | 9446 | 132062 | SH |  | SOLE | 1 | 132062 | 0 | 0 |
| SAFRAN SA ADR | DEPOSITARY RECEI | 786584102 |  | 2161 | 24465 | SH |  | SOLE | 1 | 24465 | 0 | 0 |
| SHERWIN-WILLIAMS CO/THE | COMMON | 824348106 |  | 6708 | 19373 | SH |  | SOLE | 1 | 19373 | 0 | 0 |
| SIEMENS AG ADR | DEPOSITARY RECEI | 826197501 |  | 14927 | 110559 | SH |  | SOLE | 1 | 110559 | 0 | 0 |
| SILGAN HOLDINGS INC | COMMON | 827048109 |  | 1039 | 24165 | SH |  | SOLE | 1 | 24165 | 0 | 0 |
| JM SMUCKER CO/THE | COMMON | 832696405 |  | 98 | 900 | SH |  | SOLE | 1 | 900 | 0 | 0 |
| SONY GROUP CORPORATION ADR | DEPOSITARY RECEI | 835699307 |  | 7550 | 262250 | SH |  | SOLE | 1 | 262250 | 0 | 0 |
| BLOCK INC | COMMON | 852234103 |  | 33 | 450 | SH |  | SOLE | 1 | 450 | 0 | 0 |
| STARBUCKS CORP | COMMON | 855244109 |  | 1735 | 20508 | SH |  | SOLE | 1 | 20508 | 0 | 0 |
| STEPAN CO | COMMON | 858586100 |  | 258 | 5400 | SH |  | SOLE | 1 | 5400 | 0 | 0 |
| STIFEL FINANCIAL CORP | COMMON | 860630102 |  | 3074 | 27095 | SH |  | SOLE | 1 | 27095 | 0 | 0 |
| STRYKER CORP | COMMON | 863667101 |  | 10500 | 28403 | SH |  | SOLE | 1 | 28403 | 0 | 0 |
| SUPERNUS PHARMACEUTICALS INC | COMMON | 868459108 |  | 3104 | 64950 | SH |  | SOLE | 1 | 64950 | 0 | 0 |
| SURMODICS INC | COMMON | 868873100 |  | 497 | 16624 | SH |  | SOLE | 1 | 16624 | 0 | 0 |
| SYNOPSYS INC | COMMON | 871607107 |  | 2389 | 4842 | SH |  | SOLE | 1 | 4842 | 0 | 0 |
| SYSCO CORP | COMMON | 871829107 |  | 95 | 1150 | SH |  | SOLE | 1 | 1150 | 0 | 0 |
| TJX COS INC/THE | COMMON | 872540109 |  | 23131 | 160030 | SH |  | SOLE | 1 | 160030 | 0 | 0 |
| TAIWAN SEMICONDUCTOR ADR | DEPOSITARY RECEI | 874039100 |  | 5697 | 20397 | SH |  | SOLE | 1 | 20397 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWARE | COMMON | 874054109 |  | 8147 | 31535 | SH |  | SOLE | 1 | 31535 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COMMON | 883556102 |  | 13494 | 27822 | SH |  | SOLE | 1 | 27822 | 0 | 0 |
| THOMSON REUTERS CORP | COMMON | 884903808 |  | 1309 | 8425 | SH |  | SOLE | 1 | 8425 | 0 | 0 |
| TOAST INC | COMMON | 888787108 |  | 1585 | 43425 | SH |  | SOLE | 1 | 43425 | 0 | 0 |
| TRANSDIGM GROUP INC | COMMON | 893641100 |  | 2262 | 1716 | SH |  | SOLE | 1 | 1716 | 0 | 0 |
| UFP TECHNOLOGIES INC | COMMON | 902673102 |  | 618 | 3095 | SH |  | SOLE | 1 | 3095 | 0 | 0 |
| US BANCORP | COMMON | 902973304 |  | 3927 | 81257 | SH |  | SOLE | 1 | 81257 | 0 | 0 |
| UNION PACIFIC CORP | COMMON | 907818108 |  | 10203 | 43164 | SH |  | SOLE | 1 | 43164 | 0 | 0 |
| VANGUARD FTSE DEV MKTS ETF | EXCHANGE TRADED | 921943858 |  | 357 | 5955 | SH |  | SOLE | 1 | 5955 | 0 | 0 |
| VANGUARD SMALL CAP ETF | EXCHANGE TRADED | 922908751 |  | 293 | 1154 | SH |  | SOLE | 1 | 1154 | 0 | 0 |
| WALMART INC | COMMON | 931142103 |  | 109 | 1062 | SH |  | SOLE | 1 | 1062 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COMMON | 957638109 |  | 1112 | 12825 | SH |  | SOLE | 1 | 12825 | 0 | 0 |
| WILLIAMS COS INC/THE | COMMON | 969457100 |  | 22761 | 359286 | SH |  | SOLE | 1 | 359286 | 0 | 0 |
| EQUITABLE HOLDINGS INC | COMMON | 29452E101 |  | 124 | 2450 | SH |  | SOLE | 1 | 2450 | 0 | 0 |
| RTX CORP | COMMON | 75513E101 |  | 10400 | 62150 | SH |  | SOLE | 1 | 62150 | 0 | 0 |
| QUANTA SERVICES INC | COMMON | 74762E102 |  | 126 | 305 | SH |  | SOLE | 1 | 305 | 0 | 0 |
| CNO FINANCIAL GROUP INC | COMMON | 12621E103 |  | 815 | 20600 | SH |  | SOLE | 1 | 20600 | 0 | 0 |
| EVOLUTION AB- ADR | DEPOSITARY RECEI | 30051E104 |  | 920 | 11220 | SH |  | SOLE | 1 | 11220 | 0 | 0 |
| TARGET CORP | COMMON | 87612E106 |  | 1049 | 11689 | SH |  | SOLE | 1 | 11689 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR I | REIT | 29670E107 |  | 654 | 21975 | SH |  | SOLE | 1 | 21975 | 0 | 0 |
| ARGAN INC | COMMON | 04010E109 |  | 8754 | 32415 | SH |  | SOLE | 1 | 32415 | 0 | 0 |
| IMAX CORP | COMMON | 45245E109 |  | 579 | 17675 | SH |  | SOLE | 1 | 17675 | 0 | 0 |
| TRAVELERS COS INC/THE | COMMON | 89417E109 |  | 63 | 226 | SH |  | SOLE | 1 | 226 | 0 | 0 |
| BROADSTONE NET LEASE INC | REIT | 11135E203 |  | 752 | 42100 | SH |  | SOLE | 1 | 42100 | 0 | 0 |
| AES CORP. | COMMON | 00130H105 |  | 92 | 7025 | SH |  | SOLE | 1 | 7025 | 0 | 0 |
| ASGN INC | COMMON | 00191U102 |  | 992 | 20940 | SH |  | SOLE | 1 | 20940 | 0 | 0 |
| ABBVIE INC | COMMON | 00287Y109 |  | 16534 | 71409 | SH |  | SOLE | 1 | 71409 | 0 | 0 |
| ADOBE INC | COMMON | 00724F101 |  | 10528 | 29846 | SH |  | SOLE | 1 | 29846 | 0 | 0 |
| ADTALEM GLOBAL EDUCATION INC | COMMON | 00737L103 |  | 2888 | 18700 | SH |  | SOLE | 1 | 18700 | 0 | 0 |
| ADYEN NV-ADR | DEPOSITARY RECEI | 00783V104 |  | 2680 | 167605 | SH |  | SOLE | 1 | 167605 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COMMON | 00846U101 |  | 2083 | 16227 | SH |  | SOLE | 1 | 16227 | 0 | 0 |
| AIR LEASE CORP | COMMON | 00912X302 |  | 4942 | 77640 | SH |  | SOLE | 1 | 77640 | 0 | 0 |
| ALIBABA GROUP HOLDING LTD ADR | DEPOSITARY RECEI | 01609W102 |  | 398 | 2225 | SH |  | SOLE | 1 | 2225 | 0 | 0 |
| ALPHABET INC - CL C | COMMON | 02079K107 |  | 23003 | 94450 | SH |  | SOLE | 1 | 94450 | 0 | 0 |
| ALPHABET INC - CL A | COMMON | 02079K305 |  | 71421 | 293792 | SH |  | SOLE | 1 | 293792 | 0 | 0 |
| AMERICAN TOWER CORP | REIT | 03027X100 |  | 72 | 375 | SH |  | SOLE | 1 | 375 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COMMON | 03076C106 |  | 10407 | 21185 | SH |  | SOLE | 1 | 21185 | 0 | 0 |
| ARTISAN PARTNERS ASSET MG | COMMON | 04316A108 |  | 1898 | 43725 | SH |  | SOLE | 1 | 43725 | 0 | 0 |
| ASCENDIS PHARMA A/S ADR | DEPOSITARY RECEI | 04351P101 |  | 3995 | 20095 | SH |  | SOLE | 1 | 20095 | 0 | 0 |
| ATRICURE INC | COMMON | 04963C209 |  | 3804 | 107905 | SH |  | SOLE | 1 | 107905 | 0 | 0 |
| AVIENT CORPORATION | COMMON | 05368V106 |  | 758 | 23000 | SH |  | SOLE | 1 | 23000 | 0 | 0 |
| AXON ENTERPRISE INC | COMMON | 05464C101 |  | 4880 | 6800 | SH |  | SOLE | 1 | 6800 | 0 | 0 |
| BAE SYSTEMS PLC ADR | DEPOSITARY RECEI | 05523R107 |  | 3862 | 34566 | SH |  | SOLE | 1 | 34566 | 0 | 0 |
| BWX TECHNOLOGIES INC | COMMON | 05605H100 |  | 3655 | 19825 | SH |  | SOLE | 1 | 19825 | 0 | 0 |
| BANCO SANTANDER CHILE ADR | DEPOSITARY RECEI | 05965X109 |  | 125 | 4700 | SH |  | SOLE | 1 | 4700 | 0 | 0 |
| BIO-TECHNE CORP | COMMON | 09073M104 |  | 1330 | 23900 | SH |  | SOLE | 1 | 23900 | 0 | 0 |
| BLACKSTONE INC | COMMON | 09260D107 |  | 2580 | 15100 | SH |  | SOLE | 1 | 15100 | 0 | 0 |
| BLACKROCK INC | COMMON | 09290D101 |  | 68 | 58 | SH |  | SOLE | 1 | 58 | 0 | 0 |
| BOOKING HOLDINGS INC | COMMON | 09857L108 |  | 2430 | 450 | SH |  | SOLE | 1 | 450 | 0 | 0 |
| BROADCOM INC | COMMON | 11135F101 |  | 154044 | 466926 | SH |  | SOLE | 1 | 466926 | 0 | 0 |
| CH ROBINSON WORLDWIDE INC | COMMON | 12541W209 |  | 6016 | 45438 | SH |  | SOLE | 1 | 45438 | 0 | 0 |
| CADENCE BANK | COMMON | 12740C103 |  | 1355 | 36090 | SH |  | SOLE | 1 | 36090 | 0 | 0 |
| CARDINAL HEALTH INC | COMMON | 14149Y108 |  | 11178 | 71217 | SH |  | SOLE | 1 | 71217 | 0 | 0 |
| CARETRUST REIT INC | REIT | 14174T107 |  | 9265 | 267167 | SH |  | SOLE | 1 | 267167 | 0 | 0 |
| CARLYLE GROUP INC/THE | COMMON | 14316J108 |  | 12064 | 192416 | SH |  | SOLE | 1 | 192416 | 0 | 0 |
| CHENIERE ENERGY INC | COMMON | 16411R208 |  | 14191 | 60393 | SH |  | SOLE | 1 | 60393 | 0 | 0 |
| CISCO SYSTEMS INC | COMMON | 17275R102 |  | 9730 | 142204 | SH |  | SOLE | 1 | 142204 | 0 | 0 |
| COHERENT CORP | COMMON | 19247G107 |  | 5675 | 52685 | SH |  | SOLE | 1 | 52685 | 0 | 0 |
| COMMSCOPE HOLDING CO INC | COMMON | 20337X109 |  | 131 | 8450 | SH |  | SOLE | 1 | 8450 | 0 | 0 |
| CONFLUENT INC | COMMON | 20717M103 |  | 3374 | 170390 | SH |  | SOLE | 1 | 170390 | 0 | 0 |
| CONOCOPHILLIPS | COMMON | 20825C104 |  | 15795 | 166981 | SH |  | SOLE | 1 | 166981 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COMMON | 21037T109 |  | 250 | 760 | SH |  | SOLE | 1 | 760 | 0 | 0 |
| COSTCO WHOLESALE CORP | COMMON | 22160K105 |  | 480 | 519 | SH |  | SOLE | 1 | 519 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC | COMMON | 22788C105 |  | 3187 | 6500 | SH |  | SOLE | 1 | 6500 | 0 | 0 |
| DT MIDSTREAM INC | COMMON | 23345M107 |  | 1230 | 10875 | SH |  | SOLE | 1 | 10875 | 0 | 0 |
| DATADOG INC | COMMON | 23804L103 |  | 4843 | 34010 | SH |  | SOLE | 1 | 34010 | 0 | 0 |
| DEVON ENERGY CORP | COMMON | 25179M103 |  | 1402 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| DIAGEO PLC ADR | DEPOSITARY RECEI | 25243Q205 |  | 1847 | 19350 | SH |  | SOLE | 1 | 19350 | 0 | 0 |
| DOMINION ENERGY INC | COMMON | 25746U109 |  | 21 | 349 | SH |  | SOLE | 1 | 349 | 0 | 0 |
| DOORDASH INC | COMMON | 25809K105 |  | 3459 | 12716 | SH |  | SOLE | 1 | 12716 | 0 | 0 |
| DROPBOX INC | COMMON | 26210C104 |  | 38 | 1250 | SH |  | SOLE | 1 | 1250 | 0 | 0 |
| ELF BEAUTY INC | COMMON | 26856L103 |  | 1623 | 12250 | SH |  | SOLE | 1 | 12250 | 0 | 0 |
| EAGLE MATERIALS INC | COMMON | 26969P108 |  | 3923 | 16835 | SH |  | SOLE | 1 | 16835 | 0 | 0 |
| EMCOR GROUP INC | COMMON | 29084Q100 |  | 7073 | 10890 | SH |  | SOLE | 1 | 10890 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COMMON | 29261A100 |  | 6479 | 51010 | SH |  | SOLE | 1 | 51010 | 0 | 0 |
| TCW COMPOUNDERS ETF | EXCHANGE TRADED | 29287L601 |  | 307 | 9600 | SH |  | SOLE | 1 | 9600 | 0 | 0 |
| ENPRO INC | COMMON | 29355X107 |  | 842 | 3725 | SH |  | SOLE | 1 | 3725 | 0 | 0 |
| ENTEGRIS INC | COMMON | 29362U104 |  | 1011 | 10931 | SH |  | SOLE | 1 | 10931 | 0 | 0 |
| ENTERGY CORP NEW | COMMON | 29364G103 |  | 182 | 1950 | SH |  | SOLE | 1 | 1950 | 0 | 0 |
| EVERCORE INC - CL A | COMMON | 29977A105 |  | 1641 | 4865 | SH |  | SOLE | 1 | 4865 | 0 | 0 |
| EXACT SCIENCES CORP | COMMON | 30063P105 |  | 3159 | 57740 | SH |  | SOLE | 1 | 57740 | 0 | 0 |
| EXXON MOBIL CORP | COMMON | 30231G102 |  | 7116 | 63115 | SH |  | SOLE | 1 | 63115 | 0 | 0 |
| META PLATFORMS INC CLASS A | COMMON | 30303M102 |  | 50184 | 68335 | SH |  | SOLE | 1 | 68335 | 0 | 0 |
| FEDEX CORP | COMMON | 31428X106 |  | 6301 | 26721 | SH |  | SOLE | 1 | 26721 | 0 | 0 |
| FLOWSERVE CORP | COMMON | 34354P105 |  | 12409 | 233522 | SH |  | SOLE | 1 | 233522 | 0 | 0 |
| GE VERNOVA INC | COMMON | 36828A101 |  | 3794 | 6170 | SH |  | SOLE | 1 | 6170 | 0 | 0 |
| GLENCORE PLC ADR | DEPOSITARY RECEI | 37827X100 |  | 26 | 2840 | SH |  | SOLE | 1 | 2840 | 0 | 0 |
| GLOBAL PAYMENTS INC | COMMON | 37940X102 |  | 141 | 1700 | SH |  | SOLE | 1 | 1700 | 0 | 0 |
| GOLDMAN SACHS GROUP INC/THE | COMMON | 38141G104 |  | 29538 | 37092 | SH |  | SOLE | 1 | 37092 | 0 | 0 |
| HDFC BANK LTD ADR | DEPOSITARY RECEI | 40415F101 |  | 1286 | 37650 | SH |  | SOLE | 1 | 37650 | 0 | 0 |
| HA SUSTAINABLE INFRA CAPITAL I | COMMON | 41068X100 |  | 459 | 14950 | SH |  | SOLE | 1 | 14950 | 0 | 0 |
| IDEXX LABORATORIES INC | COMMON | 45168D104 |  | 2779 | 4350 | SH |  | SOLE | 1 | 4350 | 0 | 0 |
| INFINEON TECHNOLOGIES AG ADR | DEPOSITARY RECEI | 45662N103 |  | 102 | 2600 | SH |  | SOLE | 1 | 2600 | 0 | 0 |
| INSULET CORP | COMMON | 45784P101 |  | 5050 | 16357 | SH |  | SOLE | 1 | 16357 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | COMMON | 45866F104 |  | 8461 | 50222 | SH |  | SOLE | 1 | 50222 | 0 | 0 |
| INTUITIVE SURGICAL INC | COMMON | 46120E602 |  | 13560 | 30319 | SH |  | SOLE | 1 | 30319 | 0 | 0 |
| IRADIMED CORP | COMMON | 46266A109 |  | 246 | 3450 | SH |  | SOLE | 1 | 3450 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COMMON | 46269C102 |  | 1187 | 68000 | SH |  | SOLE | 1 | 68000 | 0 | 0 |
| ISHARES MSCI INDIA ETF | EXCHANGE TRADED | 46429B598 |  | 1058 | 20325 | SH |  | SOLE | 1 | 20325 | 0 | 0 |
| ISHARES INC MSCI JAPAN | EXCHANGE TRADED | 46434G822 |  | 71 | 880 | SH |  | SOLE | 1 | 880 | 0 | 0 |
| JPMORGAN CHASE  CO | COMMON | 46625H100 |  | 36624 | 116109 | SH |  | SOLE | 1 | 116109 | 0 | 0 |
| JACOBS SOLUTIONS INC | COMMON | 46982L108 |  | 3702 | 24700 | SH |  | SOLE | 1 | 24700 | 0 | 0 |
| JD.COM INC ADR | DEPOSITARY RECEI | 47215P106 |  | 147 | 4200 | SH |  | SOLE | 1 | 4200 | 0 | 0 |
| KBR INC | COMMON | 48242W106 |  | 2130 | 45050 | SH |  | SOLE | 1 | 45050 | 0 | 0 |
| KKR  CO INC | COMMON | 48251W104 |  | 3002 | 23100 | SH |  | SOLE | 1 | 23100 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COMMON | 49338L103 |  | 624 | 3567 | SH |  | SOLE | 1 | 3567 | 0 | 0 |
| KODIAK GAS SERVICES INC | COMMON | 50012A108 |  | 3529 | 95450 | SH |  | SOLE | 1 | 95450 | 0 | 0 |
| MKS INC | COMMON | 55306N104 |  | 2974 | 24025 | SH |  | SOLE | 1 | 24025 | 0 | 0 |
| MARATHON PETROLEUM CORP | COMMON | 56585A102 |  | 42 | 216 | SH |  | SOLE | 1 | 216 | 0 | 0 |
| MASTERCARD INC | COMMON | 57636Q104 |  | 13 | 22 | SH |  | SOLE | 1 | 22 | 0 | 0 |
| MERCADOLIBRE INC | COMMON | 58733R102 |  | 526 | 225 | SH |  | SOLE | 1 | 225 | 0 | 0 |
| MERCK  CO INC | COMMON | 58933Y105 |  | 133 | 1582 | SH |  | SOLE | 1 | 1582 | 0 | 0 |
| METLIFE INC | COMMON | 59156R108 |  | 10022 | 121666 | SH |  | SOLE | 1 | 121666 | 0 | 0 |
| MOLINA HEALTHCARE INC | COMMON | 60855R100 |  | 1238 | 6470 | SH |  | SOLE | 1 | 6470 | 0 | 0 |
| MOSAIC CO/THE | COMMON | 61945C103 |  | 426 | 12275 | SH |  | SOLE | 1 | 12275 | 0 | 0 |
| NCINO INC | COMMON | 63947X101 |  | 3324 | 122605 | SH |  | SOLE | 1 | 122605 | 0 | 0 |
| NETFLIX INC | COMMON | 64110L106 |  | 15311 | 12771 | SH |  | SOLE | 1 | 12771 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON | 65336K103 |  | 4445 | 22480 | SH |  | SOLE | 1 | 22480 | 0 | 0 |
| NEXTERA ENERGY INC | COMMON | 65339F101 |  | 6328 | 83820 | SH |  | SOLE | 1 | 83820 | 0 | 0 |
| NISOURCE INC | COMMON | 65473P105 |  | 9750 | 225166 | SH |  | SOLE | 1 | 225166 | 0 | 0 |
| NVIDIA CORP | COMMON | 67066G104 |  | 162447 | 870656 | SH |  | SOLE | 1 | 870656 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COMMON | 67103H107 |  | 132 | 1225 | SH |  | SOLE | 1 | 1225 | 0 | 0 |
| ORACLE CORP | COMMON | 68389X105 |  | 26160 | 93016 | SH |  | SOLE | 1 | 93016 | 0 | 0 |
| OTIS WORLDWIDE CORP | COMMON | 68902V107 |  | 702 | 7680 | SH |  | SOLE | 1 | 7680 | 0 | 0 |
| PPL CORP | COMMON | 69351T106 |  | 12520 | 336909 | SH |  | SOLE | 1 | 336909 | 0 | 0 |
| PTC INC | COMMON | 69370C100 |  | 9491 | 46750 | SH |  | SOLE | 1 | 46750 | 0 | 0 |
| PAYCOM SOFTWARE INC | COMMON | 70432V102 |  | 2315 | 11120 | SH |  | SOLE | 1 | 11120 | 0 | 0 |
| T ROWE PRICE GROUP INC | COMMON | 74144T108 |  | 244 | 2375 | SH |  | SOLE | 1 | 2375 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP INC | COMMON | 74251V102 |  | 48 | 575 | SH |  | SOLE | 1 | 575 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP | COMMON | 74276L105 |  | 1243 | 34840 | SH |  | SOLE | 1 | 34840 | 0 | 0 |
| PROVIDENT FINANCIAL SERVICES I | COMMON | 74386T105 |  | 964 | 50025 | SH |  | SOLE | 1 | 50025 | 0 | 0 |
| PUBLIC STORAGE | REIT | 74460D109 |  | 6691 | 23165 | SH |  | SOLE | 1 | 23165 | 0 | 0 |
| QUANTERIX CORP | COMMON | 74766Q101 |  | 1 | 272 | SH |  | SOLE | 1 | 272 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COMMON | 74834L100 |  | 9109 | 47798 | SH |  | SOLE | 1 | 47798 | 0 | 0 |
| S GLOBAL INC | COMMON | 78409V104 |  | 11521 | 23671 | SH |  | SOLE | 1 | 23671 | 0 | 0 |
| SALESFORCE INC | COMMON | 79466L302 |  | 16955 | 71540 | SH |  | SOLE | 1 | 71540 | 0 | 0 |
| SAMSARA INC. CLASS A | COMMON | 79589L106 |  | 2314 | 62115 | SH |  | SOLE | 1 | 62115 | 0 | 0 |
| SEA LTD-ADR | DEPOSITARY RECEI | 81141R100 |  | 451 | 2525 | SH |  | SOLE | 1 | 2525 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COMMON | 81725T100 |  | 1428 | 15220 | SH |  | SOLE | 1 | 15220 | 0 | 0 |
| SERVICENOW INC | COMMON | 81762P102 |  | 14033 | 15249 | SH |  | SOLE | 1 | 15249 | 0 | 0 |
| SIBANYE STILLWATER LTD | COMMON | 82575P107 |  | 56 | 5000 | SH |  | SOLE | 1 | 5000 | 0 | 0 |
| ARS PHARMACEUTICALS INC | COMMON | 82835W108 |  | 749 | 74525 | SH |  | SOLE | 1 | 74525 | 0 | 0 |
| SONY FINANCIAL GROUP INC ADR | DEPOSITARY RECEI | 83571B100 |  | 194 | 52450 | SH |  | SOLE | 1 | 52450 | 0 | 0 |
| SOUTHERN COPPER CORP | COMMON | 84265V105 |  | 229 | 1886 | SH |  | SOLE | 1 | 1886 | 0 | 0 |
| STRATEGIC EDUCATION INC | COMMON | 86272C103 |  | 77 | 900 | SH |  | SOLE | 1 | 900 | 0 | 0 |
| SYNOVUS FINANCIAL CORP | COMMON | 87161C501 |  | 2044 | 41656 | SH |  | SOLE | 1 | 41656 | 0 | 0 |
| TFI INTERNATIONAL INC | COMMON | 87241L109 |  | 2382 | 27050 | SH |  | SOLE | 1 | 27050 | 0 | 0 |
| TARGA RESOURCES CORP | COMMON | 87612G101 |  | 1546 | 9225 | SH |  | SOLE | 1 | 9225 | 0 | 0 |
| TENET HEALTHCARE CORP | COMMON | 88033G407 |  | 9264 | 45625 | SH |  | SOLE | 1 | 45625 | 0 | 0 |
| TESLA INC | COMMON | 88160R101 |  | 2526 | 5681 | SH |  | SOLE | 1 | 5681 | 0 | 0 |
| TETRALOGIC PHARMACEUTICALS COR | COMMON | 88165U109 |  | 0 | 3913 | SH |  | SOLE | 1 | 3913 | 0 | 0 |
| TG THERAPEUTICS INC | COMMON | 88322Q108 |  | 740 | 20480 | SH |  | SOLE | 1 | 20480 | 0 | 0 |
| TRANSMEDICS GROUP INC | COMMON | 89377M109 |  | 1501 | 13380 | SH |  | SOLE | 1 | 13380 | 0 | 0 |
| TREX CO INC | COMMON | 89531P105 |  | 4098 | 79320 | SH |  | SOLE | 1 | 79320 | 0 | 0 |
| TRIP COM GROUP LTD ADR | DEPOSITARY RECEI | 89677Q107 |  | 543 | 7225 | SH |  | SOLE | 1 | 7225 | 0 | 0 |
| TRUIST FINANCIAL CORP | COMMON | 89832Q109 |  | 6 | 125 | SH |  | SOLE | 1 | 125 | 0 | 0 |
| UBER TECHNOLOGIES INC | COMMON | 90353T100 |  | 2116 | 21600 | SH |  | SOLE | 1 | 21600 | 0 | 0 |
| ULTA BEAUTY INC | COMMON | 90384S303 |  | 10480 | 19167 | SH |  | SOLE | 1 | 19167 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COMMON | 91324P102 |  | 33213 | 96185 | SH |  | SOLE | 1 | 96185 | 0 | 0 |
| VAIL RESORTS INC | COMMON | 91879Q109 |  | 391 | 2615 | SH |  | SOLE | 1 | 2615 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COMMON | 92343V104 |  | 6785 | 154386 | SH |  | SOLE | 1 | 154386 | 0 | 0 |
| VERICEL CORP | COMMON | 92346J108 |  | 2618 | 83180 | SH |  | SOLE | 1 | 83180 | 0 | 0 |
| VERTIV HOLDINGS CO-A | COMMON | 92537N108 |  | 8323 | 55173 | SH |  | SOLE | 1 | 55173 | 0 | 0 |
| VISA INC | COMMON | 92826C839 |  | 26147 | 76591 | SH |  | SOLE | 1 | 76591 | 0 | 0 |
| WEC ENERGY GROUP INC | COMMON | 92939U106 |  | 2519 | 21980 | SH |  | SOLE | 1 | 21980 | 0 | 0 |
| WASTE CONNECTIONS INC | COMMON | 94106B101 |  | 11004 | 62593 | SH |  | SOLE | 1 | 62593 | 0 | 0 |
| WASTE MANAGEMENT INC | COMMON | 94106L109 |  | 11523 | 52180 | SH |  | SOLE | 1 | 52180 | 0 | 0 |
| WELLTOWER INC | REIT | 95040Q104 |  | 158 | 885 | SH |  | SOLE | 1 | 885 | 0 | 0 |
| XYLEM INC | COMMON | 98419M100 |  | 10521 | 71332 | SH |  | SOLE | 1 | 71332 | 0 | 0 |
| YETI HOLDINGS INC | COMMON | 98585X104 |  | 1843 | 55560 | SH |  | SOLE | 1 | 55560 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COMMON | 98956P102 |  | 3818 | 38758 | SH |  | SOLE | 1 | 38758 | 0 | 0 |
| ZOETIS INC | COMMON | 98978V103 |  | 251 | 1717 | SH |  | SOLE | 1 | 1717 | 0 | 0 |
| ZURN WATER SOLUTIONS CORP | COMMON | 98983L108 |  | 1438 | 30575 | SH |  | SOLE | 1 | 30575 | 0 | 0 |
| AON PLC | COMMON | G0403H108 |  | 19 | 54 | SH |  | SOLE | 1 | 54 | 0 | 0 |
| ARCH CAPITAL GROUP LTD | COMMON | G0450A105 |  | 117 | 1290 | SH |  | SOLE | 1 | 1290 | 0 | 0 |
| AXIS CAPITAL HOLDINGS LTD | COMMON | G0692U109 |  | 6833 | 71327 | SH |  | SOLE | 1 | 71327 | 0 | 0 |
| ACCENTURE PLC CL A | COMMON | G1151C101 |  | 17265 | 70013 | SH |  | SOLE | 1 | 70013 | 0 | 0 |
| CRH PLC | COMMON | G25508105 |  | 1598 | 13325 | SH |  | SOLE | 1 | 13325 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNERS | COMMON | G25839104 |  | 5542 | 61300 | SH |  | SOLE | 1 | 61300 | 0 | 0 |
| EATON CORP PLC | COMMON | G29183103 |  | 13566 | 36248 | SH |  | SOLE | 1 | 36248 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS | COMMON | G31249108 |  | 885 | 21600 | SH |  | SOLE | 1 | 21600 | 0 | 0 |
| ESSENT GROUP LTD | COMMON | G3198U102 |  | 124 | 1950 | SH |  | SOLE | 1 | 1950 | 0 | 0 |
| EVEREST GROUP LTD | COMMON | G3223R108 |  | 310 | 886 | SH |  | SOLE | 1 | 886 | 0 | 0 |
| APTIV PLC | COMMON | G3265R107 |  | 344 | 3985 | SH |  | SOLE | 1 | 3985 | 0 | 0 |
| GENPACT LTD | COMMON | G3922B107 |  | 7200 | 171870 | SH |  | SOLE | 1 | 171870 | 0 | 0 |
| JAMES HARDIE INDS PLC ADR | DEPOSITARY RECEI | G4253H101 |  | 910 | 47354 | SH |  | SOLE | 1 | 47354 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | COMMON | G4474Y214 |  | 586 | 13160 | SH |  | SOLE | 1 | 13160 | 0 | 0 |
| LINDE PLC | COMMON | G54950103 |  | 18298 | 38523 | SH |  | SOLE | 1 | 38523 | 0 | 0 |
| MEDTRONIC PLC | COMMON | G5960L103 |  | 7611 | 79917 | SH |  | SOLE | 1 | 79917 | 0 | 0 |
| NU HLDGS LTD | COMMON | G6683N103 |  | 2790 | 174255 | SH |  | SOLE | 1 | 174255 | 0 | 0 |
| PENTAIR LTD | COMMON | G7S00T104 |  | 82 | 740 | SH |  | SOLE | 1 | 740 | 0 | 0 |
| STERIS PLC | COMMON | G8473T100 |  | 1764 | 7130 | SH |  | SOLE | 1 | 7130 | 0 | 0 |
| TE CONNECTIVITY PLC | COMMON | G87052109 |  | 18298 | 83349 | SH |  | SOLE | 1 | 83349 | 0 | 0 |
| TECHNIPFMC PLC | COMMON | G87110105 |  | 4520 | 114575 | SH |  | SOLE | 1 | 114575 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COMMON | G8994E103 |  | 2050 | 4859 | SH |  | SOLE | 1 | 4859 | 0 | 0 |
| GOLAR LNG LTD | COMMON | G9456A100 |  | 2443 | 60450 | SH |  | SOLE | 1 | 60450 | 0 | 0 |
| CHUBB LTD | COMMON | H1467J104 |  | 31580 | 111885 | SH |  | SOLE | 1 | 111885 | 0 | 0 |
| GARMIN LTD | COMMON | H2906T109 |  | 3475 | 14113 | SH |  | SOLE | 1 | 14113 | 0 | 0 |
| ON HOLDING AG | COMMON | H5919C104 |  | 1472 | 34750 | SH |  | SOLE | 1 | 34750 | 0 | 0 |
| SPORTRADAR GROUP AG | COMMON | H8088L103 |  | 2489 | 92525 | SH |  | SOLE | 1 | 92525 | 0 | 0 |
| GLOBANT SA | COMMON | L44385109 |  | 1641 | 28595 | SH |  | SOLE | 1 | 28595 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | COMMON | L8681T102 |  | 13114 | 18788 | SH |  | SOLE | 1 | 18788 | 0 | 0 |
| ASML HOLDING NV | NY REG SHRS | N07059210 |  | 14013 | 14475 | SH |  | SOLE | 1 | 14475 | 0 | 0 |
| MAKEMYTRIP LTD | COMMON | V5633W109 |  | 176 | 1875 | SH |  | SOLE | 1 | 1875 | 0 | 0 |
| FLEX LTD | COMMON | Y2573F102 |  | 232 | 4000 | SH |  | SOLE | 1 | 4000 | 0 | 0 |
| ABERDEEN INC CREDIT STRATEGIES | COMMON | 003057106 |  | 19297 | 3327109 | SH |  | SOLE | 1 | 0 | 3327109 | 0 |
| BANCROFT FUND LTD BCV | COMMON | 059695106 |  | 6224 | 284438 | SH |  | SOLE | 1 | 0 | 284438 | 0 |
| BLACKROCK MUNICIPAL INC QUALIT | COMMON | 092479104 |  | 1130 | 103192 | SH |  | SOLE | 1 | 0 | 103192 | 0 |
| BLACKROCK ENHANCED GBL DI BOE | COMMON | 092501105 |  | 11897 | 1028268 | SH |  | SOLE | 1 | 0 | 1028268 | 0 |
| BLACKROCK CREDIT ALLOCATION IN | COMMON | 092508100 |  | 65617 | 5938177 | SH |  | SOLE | 1 | 0 | 5938177 | 0 |
| BLACKROCK ENH INTL DVD TR BGY | COMMON | 092524107 |  | 6542 | 1137816 | SH |  | SOLE | 1 | 0 | 1137816 | 0 |
| CUSHING NEXGEN INFRASTRUCTURE | COMMON | 231647207 |  | 27288 | 559766 | SH |  | SOLE | 1 | 0 | 559766 | 0 |
| DWS MUNICIPAL INCOME TRUST KTF | COMMON | 233368109 |  | 90161 | 9832145 | SH |  | SOLE | 1 | 0 | 9832145 | 0 |
| DOUBLELINE OPP CREDIT FD DBL | COMMON | 258623107 |  | 52996 | 3401515 | SH |  | SOLE | 1 | 0 | 3401515 | 0 |
| ELLSWORTH GROWTH AND INCOME FD | COMMON | 289074106 |  | 10309 | 888713 | SH |  | SOLE | 1 | 0 | 888713 | 0 |
| FLAHERTY  CRUMRINE PFD SEC IN | COMMON | 338478100 |  | 9930 | 587918 | SH |  | SOLE | 1 | 0 | 587918 | 0 |
| FLAHERTY  CRUMRINE TOTAL RETU | COMMON | 338479108 |  | 17328 | 972369 | SH |  | SOLE | 1 | 0 | 972369 | 0 |
| FLAHERTY  CRUMRINE PFD INC PF | COMMON | 338480106 |  | 13034 | 1084394 | SH |  | SOLE | 1 | 0 | 1084394 | 0 |
| GENERAL AMERICAN INVESTORS CO | COMMON | 368802104 |  | 17287 | 277875 | SH |  | SOLE | 1 | 0 | 277875 | 0 |
| GUGGENHEIM TAXABLE MUNI MANAGE | COMMON | 401664107 |  | 9697 | 622428 | SH |  | SOLE | 1 | 0 | 622428 | 0 |
| JOHN HANCOCK INCOME SECURITIES | COMMON | 410123103 |  | 38488 | 3296653 | SH |  | SOLE | 1 | 0 | 3296653 | 0 |
| JOHN HANCOCK INVESTORS TR JHI | COMMON | 410142103 |  | 7451 | 532553 | SH |  | SOLE | 1 | 0 | 532553 | 0 |
| KAYNE ANDERSON ENERGY INFRASTR | COMMON | 486606106 |  | 581 | 46967 | SH |  | SOLE | 1 | 0 | 46967 | 0 |
| MFS CHARTER INCOME TRUST MCR | COMMON | 552727109 |  | 22058 | 3435877 | SH |  | SOLE | 1 | 0 | 3435877 | 0 |
| MFS MULTIMARKET INCOME TRUST M | COMMON | 552737108 |  | 1351 | 282657 | SH |  | SOLE | 1 | 0 | 282657 | 0 |
| MFS GOVERNMENT MARKETS INCOME | COMMON | 552939100 |  | 27647 | 8861311 | SH |  | SOLE | 1 | 0 | 8861311 | 0 |
| MEXICO FUND INC MXF | COMMON | 592835102 |  | 400 | 20292 | SH |  | SOLE | 1 | 0 | 20292 | 0 |
| NEW GERMANY FD INC GF | COMMON | 644465106 |  | 1889 | 163442 | SH |  | SOLE | 1 | 0 | 163442 | 0 |
| NUVEEN NY AMT-FREE MUNICIPAL I | COMMON | 670656107 |  | 2407 | 235974 | SH |  | SOLE | 1 | 0 | 235974 | 0 |
| NUVEEN AMT-FREE QUALITY MUNI I | COMMON | 670657105 |  | 6302 | 553271 | SH |  | SOLE | 1 | 0 | 553271 | 0 |
| NUVEEN MN QUALITY MUNI INC FD | COMMON | 670734102 |  | 1046 | 87851 | SH |  | SOLE | 1 | 0 | 87851 | 0 |
| NUVEEN MORTGAGE  INCOME FD JL | COMMON | 670735109 |  | 23001 | 1228685 | SH |  | SOLE | 1 | 0 | 1228685 | 0 |
| NUVEEN PA QUALITY MUNI INC FD | COMMON | 670972108 |  | 4355 | 362889 | SH |  | SOLE | 1 | 0 | 362889 | 0 |
| PUTNAM MANAGED MUNI PMM | COMMON | 746823103 |  | 3038 | 502949 | SH |  | SOLE | 1 | 0 | 502949 | 0 |
| PUTNAM PREMIER INCOME TRUST PP | COMMON | 746853100 |  | 100740 | 27300785 | SH |  | SOLE | 1 | 0 | 27300785 | 0 |
| PUTNAM MASTER INTERMEDIATE INC | COMMON | 746909100 |  | 80809 | 23490875 | SH |  | SOLE | 1 | 0 | 23490875 | 0 |
| TOTAL RETURN SECURITIES FUND S | COMMON | 870875101 |  | 2 | 300 | SH |  | SOLE | 1 | 0 | 300 | 0 |
| TCW STRATEGIC INCOME FD TSI | COMMON | 872340104 |  | 46455 | 9441989 | SH |  | SOLE | 1 | 0 | 9441989 | 0 |
| WESTERN ASSET PREMIER BOND FUN | COMMON | 957664105 |  | 10441 | 929709 | SH |  | SOLE | 1 | 0 | 929709 | 0 |
| WESTERN ASSET INTERMEDIATE MUN | COMMON | 958435109 |  | 168 | 21200 | SH |  | SOLE | 1 | 0 | 21200 | 0 |
| BLACKROCK CORE BOND TRUST BHK | COMMON | 09249E101 |  | 107244 | 10789184 | SH |  | SOLE | 1 | 0 | 10789184 | 0 |
| BLACKROCK CA MUNICIPAL INCOME | COMMON | 09248E102 |  | 13 | 1150 | SH |  | SOLE | 1 | 0 | 1150 | 0 |
| BLACKROCK MUNIYIELD NY QUALITY | COMMON | 09255E102 |  | 308 | 31000 | SH |  | SOLE | 1 | 0 | 31000 | 0 |
| MFS HIGH YIELD MUNI TR  CMU | COMMON | 59318E102 |  | 3627 | 1045340 | SH |  | SOLE | 1 | 0 | 1045340 | 0 |
| BLACKROCK MUNIYIELD QUALITY FD | COMMON | 09254E103 |  | 2908 | 262466 | SH |  | SOLE | 1 | 0 | 262466 | 0 |
| FIRST TR MORTGAGE INCOME FD FM | COMMON | 33734E103 |  | 27748 | 2265594 | SH |  | SOLE | 1 | 0 | 2265594 | 0 |
| INVESCO ADVANTAGE MUNI INC TRU | COMMON | 46132E103 |  | 5335 | 608314 | SH |  | SOLE | 1 | 0 | 608314 | 0 |
| CLOUGH GLOBAL OPP FD  GLO | COMMON | 18914E106 |  | 14680 | 2575503 | SH |  | SOLE | 1 | 0 | 2575503 | 0 |
| FLAHERTY  CRUMRINE PFD INC  P | COMMON | 33848E106 |  | 12235 | 1254842 | SH |  | SOLE | 1 | 0 | 1254842 | 0 |
| BNY MELLON STRATEGIC MUNI BOND | COMMON | 09662E109 |  | 9866 | 1666514 | SH |  | SOLE | 1 | 0 | 1666514 | 0 |
| ABERDEEN TOTAL DYNAMIC DIVD FD | COMMON | 00326L100 |  | 4689 | 495670 | SH |  | SOLE | 1 | 0 | 495670 | 0 |
| ADVENT CLAYMORE CV SEC AND INC | COMMON | 00764C109 |  | 42609 | 3331428 | SH |  | SOLE | 1 | 0 | 3331428 | 0 |
| ALLIANCEBERNSTEIN NATIONAL MUN | COMMON | 01864U106 |  | 6662 | 613975 | SH |  | SOLE | 1 | 0 | 613975 | 0 |
| ALLIANCEBERNSTEIN HOLDING LP | COMMON | 01881G106 |  | 1536 | 40200 | SH |  | SOLE | 1 | 0 | 40200 | 0 |
| ANGEL OAK FINANCIAL STRAT INC | COMMON | 03464A100 |  | 130696 | 9969217 | SH |  | SOLE | 1 | 0 | 9969217 | 0 |
| BNYM STRATEGIC MUNICIPALS INC | COMMON | 05588W108 |  | 5100 | 815926 | SH |  | SOLE | 1 | 0 | 815926 | 0 |
| BLACKROCK INVESTMENT QUALITY M | COMMON | 09247D105 |  | 1261 | 111172 | SH |  | SOLE | 1 | 0 | 111172 | 0 |
| BLACKROCK INCOME TR INC BKT-R | RIGHT | 09247F118 |  | 135 | 2288774 | SH |  | SOLE | 1 | 0 | 2288774 | 0 |
| BLACKROCK INCOME TR INC BKT | COMMON | 09247F209 |  | 26149 | 2326421 | SH |  | SOLE | 1 | 0 | 2326421 | 0 |
| BLACKROCK MUNI INC TR BFK | COMMON | 09248F109 |  | 28 | 2800 | SH |  | SOLE | 1 | 0 | 2800 | 0 |
| BLACKROCK TAXABLE MUNI BOND TR | COMMON | 09248X100 |  | 104952 | 6322435 | SH |  | SOLE | 1 | 0 | 6322435 | 0 |
| BLACKROCK MUNICIPAL INCOME TRU | COMMON | 09249N101 |  | 3705 | 354508 | SH |  | SOLE | 1 | 0 | 354508 | 0 |
| BLACKROCK LONG-TERM MUNI ADVAN | COMMON | 09250B103 |  | 3527 | 368158 | SH |  | SOLE | 1 | 0 | 368158 | 0 |
| BLACKROCK MUNIHOLDING MHD | COMMON | 09253N104 |  | 3540 | 301299 | SH |  | SOLE | 1 | 0 | 301299 | 0 |
| BLACKROCK MUNIVEST FUND MVF | COMMON | 09253R105 |  | 7946 | 1158300 | SH |  | SOLE | 1 | 0 | 1158300 | 0 |
| BLACKROCK MUNIVEST MVT | COMMON | 09253T101 |  | 11481 | 1080016 | SH |  | SOLE | 1 | 0 | 1080016 | 0 |
| BLACKROCK MUNIYIELD FD MYD | COMMON | 09253W104 |  | 4113 | 389463 | SH |  | SOLE | 1 | 0 | 389463 | 0 |
| BLACKROCK MUNIHOLDINGS QUALITY | COMMON | 09254C107 |  | 3976 | 395190 | SH |  | SOLE | 1 | 0 | 395190 | 0 |
| BLACKROCK MUNIYIELD QUALITY FD | COMMON | 09254G108 |  | 9340 | 931170 | SH |  | SOLE | 1 | 0 | 931170 | 0 |
| BLACKROCK MUNIHOLDINGS CA MUC | COMMON | 09254L107 |  | 18680 | 1721662 | SH |  | SOLE | 1 | 0 | 1721662 | 0 |
| BLACKROCK MUNIYIELD MI QUALITY | COMMON | 09254V105 |  | 1015 | 89977 | SH |  | SOLE | 1 | 0 | 89977 | 0 |
| BLACKROCK MUNIHOLDINGS NJ QUAL | COMMON | 09254X101 |  | 3908 | 337218 | SH |  | SOLE | 1 | 0 | 337218 | 0 |
| BLACKROCK MUNIHOLDINGS NY QUAL | COMMON | 09255C106 |  | 128 | 12500 | SH |  | SOLE | 1 | 0 | 12500 | 0 |
| BLACKROCK MUNIYIELD PA QUALITY | COMMON | 09255G107 |  | 1877 | 165070 | SH |  | SOLE | 1 | 0 | 165070 | 0 |
| BLACKROCK CORP HIGH YIELD FD H | COMMON | 09255P107 |  | 2543 | 267661 | SH |  | SOLE | 1 | 0 | 267661 | 0 |
| BLACKROCK RESOURCES  COMMOD B | COMMON | 09257A108 |  | 5379 | 528897 | SH |  | SOLE | 1 | 0 | 528897 | 0 |
| BLACKSTONE LNG SHRT CRED INC F | COMMON | 09257D102 |  | 6754 | 562831 | SH |  | SOLE | 1 | 0 | 562831 | 0 |
| BLACKSTONE STRAT CR 2027 TERM | COMMON | 09257R101 |  | 10190 | 837319 | SH |  | SOLE | 1 | 0 | 837319 | 0 |
| BLACKROCK MULTI SECTOR INC TR | COMMON | 09258A107 |  | 67623 | 5050265 | SH |  | SOLE | 1 | 0 | 5050265 | 0 |
| BLACKROCK SCI  TECH TRM TR BS | COMMON | 09260K101 |  | 95 | 4275 | SH |  | SOLE | 1 | 0 | 4275 | 0 |
| BNY MELLON HIGH YIELD STRATEGI | COMMON | 09660L105 |  | 9055 | 3495984 | SH |  | SOLE | 1 | 0 | 3495984 | 0 |
| CALAMOS LNG/SHRT EQ  DYN CPZ | COMMON | 12812C106 |  | 17454 | 1080068 | SH |  | SOLE | 1 | 0 | 1080068 | 0 |
| CLEARBRIDGE ENERGY MIDSTR EMO- | RIGHT | 18469P118 |  | 12 | 630131 | SH |  | SOLE | 1 | 0 | 630131 | 0 |
| CLEARBRIDGE ENERGY MIDSTREAM O | COMMON | 18469P209 |  | 1761 | 39212 | SH |  | SOLE | 1 | 0 | 39212 | 0 |
| CLOUGH GLOBAL DIV  INC FD GLV | COMMON | 18913Y103 |  | 140 | 23604 | SH |  | SOLE | 1 | 0 | 23604 | 0 |
| CLOUGH GLOBAL EQUITY FD GLQ | COMMON | 18914C100 |  | 14107 | 1853749 | SH |  | SOLE | 1 | 0 | 1853749 | 0 |
| COHEN  STEERS INFRASTRUCTURE | COMMON | 19248A109 |  | 4949 | 199552 | SH |  | SOLE | 1 | 0 | 199552 | 0 |
| COHEN  STEERS INFRAST FD UTF- | RIGHT | 19248A117 |  | 36 | 464073 | SH |  | SOLE | 1 | 0 | 464073 | 0 |
| COHEN  STEERS SLCT PFD  INC | COMMON | 19248Y107 |  | 1086 | 52250 | SH |  | SOLE | 1 | 0 | 52250 | 0 |
| CORNERSTONE STRATEGIC VALUE FD | COMMON | 21924B302 |  | 49490 | 5977044 | SH |  | SOLE | 1 | 0 | 5977044 | 0 |
| CORNERSTONE TOTAL RETURN FD CR | COMMON | 21924U300 |  | 92177 | 11464750 | SH |  | SOLE | 1 | 0 | 11464750 | 0 |
| CREDIT SUISSE HIGH YIELD CREDI | COMMON | 22544F103 |  | 1281 | 621975 | SH |  | SOLE | 1 | 0 | 621975 | 0 |
| DTF TAX-FREE INCOME INC DTF | COMMON | 23334J107 |  | 10522 | 920582 | SH |  | SOLE | 1 | 0 | 920582 | 0 |
| EATON VANCE SR INCOME TR EVF | COMMON | 27826S103 |  | 3582 | 653679 | SH |  | SOLE | 1 | 0 | 653679 | 0 |
| EATON VANCE MUNICIPAL BOND FUN | COMMON | 27827X101 |  | 674 | 67831 | SH |  | SOLE | 1 | 0 | 67831 | 0 |
| EATON VANCE NEW YORK MUNI ENX | COMMON | 27827Y109 |  | 27997 | 2839481 | SH |  | SOLE | 1 | 0 | 2839481 | 0 |
| EATON VANCE CA MUNICIPAL BOND | COMMON | 27828A100 |  | 38759 | 4084175 | SH |  | SOLE | 1 | 0 | 4084175 | 0 |
| EATON VANCE LIMITED DURATION I | COMMON | 27828H105 |  | 65130 | 6416703 | SH |  | SOLE | 1 | 0 | 6416703 | 0 |
| EATON VANCE SHORT DUR DIVERSIF | COMMON | 27828V104 |  | 9782 | 864114 | SH |  | SOLE | 1 | 0 | 864114 | 0 |
| TORTOISE SUSTAIN  SOC IMPCT T | COMMON | 27901F109 |  | 5909 | 502483 | SH |  | SOLE | 1 | 0 | 502483 | 0 |
| FS CREDIT OPPORTUNITIES FD  FS | COMMON | 30290Y101 |  | 20981 | 3036354 | SH |  | SOLE | 1 | 0 | 3036354 | 0 |
| FEDERATED PREMIER MUNI INC FD | COMMON | 31423P108 |  | 41 | 3684 | SH |  | SOLE | 1 | 0 | 3684 | 0 |
| FIRST TR INTER DUR PFD  FPF | COMMON | 33718W103 |  | 11002 | 574540 | SH |  | SOLE | 1 | 0 | 574540 | 0 |
| FIRST TRUST SENIOR FLOATING RA | COMMON | 33733U108 |  | 793 | 79281 | SH |  | SOLE | 1 | 0 | 79281 | 0 |
| FIRST TR HIGH YIELD OPP 2027 F | COMMON | 33741Q107 |  | 21130 | 1458269 | SH |  | SOLE | 1 | 0 | 1458269 | 0 |
| FLAHERTY  CRUMRINE DYN P DFP | COMMON | 33848W106 |  | 7755 | 358344 | SH |  | SOLE | 1 | 0 | 358344 | 0 |
| FRANKLIN LIMITED DURATION INCO | COMMON | 35472T101 |  | 60 | 9381 | SH |  | SOLE | 1 | 0 | 9381 | 0 |
| GABELLI MULTIMEDIA TRUST GGT | COMMON | 36239Q109 |  | 5188 | 1206498 | SH |  | SOLE | 1 | 0 | 1206498 | 0 |
| GABELLI DIVD  INCOME TR GDV | COMMON | 36242H104 |  | 16890 | 622556 | SH |  | SOLE | 1 | 0 | 622556 | 0 |
| GABELLI HLTH CARE  WELLNESSRX | COMMON | 36246K103 |  | 7562 | 833756 | SH |  | SOLE | 1 | 0 | 833756 | 0 |
| INVESCO MUNICIPAL TRUST VKQ | COMMON | 46131J103 |  | 7217 | 747879 | SH |  | SOLE | 1 | 0 | 747879 | 0 |
| INVESCO TRUST FOR INV GRADE MU | COMMON | 46131M106 |  | 7367 | 727956 | SH |  | SOLE | 1 | 0 | 727956 | 0 |
| INVESCO TR FOR INV GRADE NY MU | COMMON | 46131T101 |  | 52 | 4689 | SH |  | SOLE | 1 | 0 | 4689 | 0 |
| INVESCO MUNICIPAL OPPORTUNITY | COMMON | 46132C107 |  | 6034 | 623992 | SH |  | SOLE | 1 | 0 | 623992 | 0 |
| INVESCO PA VALUE MUNI INC TR V | COMMON | 46132K109 |  | 291 | 28124 | SH |  | SOLE | 1 | 0 | 28124 | 0 |
| INVESCO BOND FUND VBF | COMMON | 46132L107 |  | 10579 | 670378 | SH |  | SOLE | 1 | 0 | 670378 | 0 |
| INVESCO VALUE MUNICIPAL INCOME | COMMON | 46132P108 |  | 1610 | 128274 | SH |  | SOLE | 1 | 0 | 128274 | 0 |
| INVESCO QUALITY MUNICIPAL INCO | COMMON | 46133G107 |  | 7289 | 740007 | SH |  | SOLE | 1 | 0 | 740007 | 0 |
| KKR INCOME OPPORTUNITIES FD KI | COMMON | 48249T106 |  | 13473 | 1069302 | SH |  | SOLE | 1 | 0 | 1069302 | 0 |
| LMP CAPITAL  INCOME FD INC SC | COMMON | 50208A102 |  | 47911 | 3085036 | SH |  | SOLE | 1 | 0 | 3085036 | 0 |
| MFS INTERMEDIATE INCOME TRUST | COMMON | 55273C107 |  | 77599 | 28954725 | SH |  | SOLE | 1 | 0 | 28954725 | 0 |
| MFS INVESTMENT GRADE MUNICIPAL | COMMON | 59318B108 |  | 3061 | 389422 | SH |  | SOLE | 1 | 0 | 389422 | 0 |
| MFS HIGH INCOME MUNICIPAL TRUS | COMMON | 59318D104 |  | 2240 | 602261 | SH |  | SOLE | 1 | 0 | 602261 | 0 |
| MFS INTERMEDIATE HIGH INCOME F | COMMON | 59318T109 |  | 2050 | 1161679 | SH |  | SOLE | 1 | 0 | 1161679 | 0 |
| NEUBERGER BERMAN INTERMEDIATE | COMMON | 64124P101 |  | 502 | 48600 | SH |  | SOLE | 1 | 0 | 48600 | 0 |
| NEUBERGER BERMAN NEXT GEN FD | COMMON | 64133Q108 |  | 21901 | 1423981 | SH |  | SOLE | 1 | 0 | 1423981 | 0 |
| NEUBERGER BERMAN REAL ESTATE S | COMMON | 64190A103 |  | 29075 | 9001451 | SH |  | SOLE | 1 | 0 | 9001451 | 0 |
| NUVEEN CA SEL TX-FR INC NXC | COMMON | 67063R103 |  | 453 | 34915 | SH |  | SOLE | 1 | 0 | 34915 | 0 |
| NUVEEN NY SEL TAX-FR INC NXN | COMMON | 67063V104 |  | 1523 | 126694 | SH |  | SOLE | 1 | 0 | 126694 | 0 |
| NUVEEN QUALITY MUNICIPAL INC F | COMMON | 67066V101 |  | 7996 | 683998 | SH |  | SOLE | 1 | 0 | 683998 | 0 |
| NUVEEN NJ QUALITY MUNI INC FD | COMMON | 67069Y102 |  | 4589 | 369789 | SH |  | SOLE | 1 | 0 | 369789 | 0 |
| NUVEEN MUNICIPAL CREDIT INC FD | COMMON | 67070X101 |  | 482 | 38400 | SH |  | SOLE | 1 | 0 | 38400 | 0 |
| NUVEEN AMT-FREE MUNI CREDIT IN | COMMON | 67071L106 |  | 3941 | 320656 | SH |  | SOLE | 1 | 0 | 320656 | 0 |
| NUVEEN FLOATING RATE INC FD JF | COMMON | 67072T108 |  | 43562 | 5325387 | SH |  | SOLE | 1 | 0 | 5325387 | 0 |
| NUVEEN PREFERRED INCOME OPPORT | COMMON | 67073B106 |  | 4343 | 529686 | SH |  | SOLE | 1 | 0 | 529686 | 0 |
| NUVEEN CREDIT STRATEGIES INC F | COMMON | 67073D102 |  | 9560 | 1814079 | SH |  | SOLE | 1 | 0 | 1814079 | 0 |
| NUVEEN BUILD AMERICA BOND FD N | COMMON | 67074C103 |  | 60909 | 3755173 | SH |  | SOLE | 1 | 0 | 3755173 | 0 |
| NUVEEN GLOBAL HIGH INCOME FD J | COMMON | 67075G103 |  | 939 | 69480 | SH |  | SOLE | 1 | 0 | 69480 | 0 |
| NUVEEN MULTI-MARKET INC FD JMM | COMMON | 67075J107 |  | 35443 | 5634776 | SH |  | SOLE | 1 | 0 | 5634776 | 0 |
| NUVEEN CORE PLUS IMPACT FUND N | COMMON | 67080D103 |  | 1998 | 181501 | SH |  | SOLE | 1 | 0 | 181501 | 0 |
| NUVEEN VAR RT PREF  INC NPFD | COMMON | 67080R102 |  | 54955 | 2753240 | SH |  | SOLE | 1 | 0 | 2753240 | 0 |
| PGIM SHORT DUR HI YLD SDHY | COMMON | 69355J104 |  | 11817 | 706787 | SH |  | SOLE | 1 | 0 | 706787 | 0 |
| PIMCO CA MUNICIPAL INCOME FUND | COMMON | 72200N106 |  | 2653 | 304237 | SH |  | SOLE | 1 | 0 | 304237 | 0 |
| PIMCO MUNI INCOME FUND II PML | COMMON | 72200W106 |  | 391 | 49429 | SH |  | SOLE | 1 | 0 | 49429 | 0 |
| RIVERNORTH OPPRTUNITIES FD RIV | COMMON | 76881Y109 |  | 2255 | 187901 | SH |  | SOLE | 1 | 0 | 187901 | 0 |
| RIVERNORTH OPPORTUNITIES FD RI | RIGHT | 76881Y174 |  | 9 | 1072824 | SH |  | SOLE | 1 | 0 | 1072824 | 0 |
| RIVERNORTH CAP AND INCM FD  RS | COMMON | 76882B108 |  | 5739 | 389845 | SH |  | SOLE | 1 | 0 | 389845 | 0 |
| TORTOISE ENERGY INFRASTRUCTURE | COMMON | 89147L886 |  | 5435 | 126135 | SH |  | SOLE | 1 | 0 | 126135 | 0 |
| VIRTUS GLOBAL MULTI-SECTOR INC | COMMON | 92829B101 |  | 15141 | 1906070 | SH |  | SOLE | 1 | 0 | 1906070 | 0 |
| VIRTUS DIVD INT  PREM STRATE | COMMON | 92840R101 |  | 2524 | 193980 | SH |  | SOLE | 1 | 0 | 193980 | 0 |
| VOYA ASIA PAC HI DVD EQ INC IA | COMMON | 92912J102 |  | 696 | 92749 | SH |  | SOLE | 1 | 0 | 92749 | 0 |
| VOYA EMRG MRKT HI DVD EQTY IHD | COMMON | 92912P108 |  | 3922 | 625522 | SH |  | SOLE | 1 | 0 | 625522 | 0 |
| ALLSPRING INCOME OPPORTUNITIES | COMMON | 94987B105 |  | 9172 | 1308347 | SH |  | SOLE | 1 | 0 | 1308347 | 0 |
| ALLSPRING GLOBAL DIVD OPP FD E | COMMON | 94987C103 |  | 783 | 137332 | SH |  | SOLE | 1 | 0 | 137332 | 0 |
| WELLS FARGO MULTI-SECTOR INC F | COMMON | 94987D101 |  | 24399 | 2546822 | SH |  | SOLE | 1 | 0 | 2546822 | 0 |
| WESTERN ASSET GLOBAL HIGH INC | COMMON | 95766B109 |  | 26117 | 3957084 | SH |  | SOLE | 1 | 0 | 3957084 | 0 |
| WESTERN ASSET HIGH INC OPP FD | COMMON | 95766K109 |  | 6445 | 1678424 | SH |  | SOLE | 1 | 0 | 1678424 | 0 |
| WA INFLATION-LINKED OPP  INC | COMMON | 95766R104 |  | 1419 | 159581 | SH |  | SOLE | 1 | 0 | 159581 | 0 |
| WESTERN ASSET INV GRA DEF OPP | COMMON | 95790A101 |  | 7855 | 470621 | SH |  | SOLE | 1 | 0 | 470621 | 0 |
| XAI OCTAGN FLT RAT  ALT TR  X | COMMON | 98400T106 |  | 13640 | 2573648 | SH |  | SOLE | 1 | 0 | 2573648 | 0 |

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