# EDGAR Filing Document

**Accession Number:** 0001353395
**File Stem:** 0001353395-25-000004
**Filing Date:** 2025-11
**Character Count:** 20919
**Document Hash:** 6d0b1d6655ce77d80d338f08e4538d31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001353395-25-000004.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001353395-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**EFFECTIVENESS DATE**: 20251118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fulcrum Asset Management LLP
- **CENTRAL INDEX KEY:** 0001353395

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20335
- **FILM NUMBER:** 251493547

**BUSINESS ADDRESS:**
- **STREET 1:** MARBLE ARCH HOUSE
- **STREET 2:** 66 SEYMOUR STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 5BT
- **BUSINESS PHONE:** 00442070166453

**MAIL ADDRESS:**
- **STREET 1:** MARBLE ARCH HOUSE
- **STREET 2:** 66 SEYMOUR STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 5BT

### 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:** Fulcrum Asset Management LLP<br>**Address:** MARBLE ARCH HOUSE<br>66 SEYMOUR STREET<br>LONDON, X0 W1H 5BT

**Form 13F File Number:** 028-20335

**CRD Number (if applicable):** 000137661

**SEC File Number (if applicable):** 801-72206

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:** Duncan Alexander Hayton<br>**Title:** CCO<br>**Phone:** 447732721566

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

Duncan Alexander Hayton  London, X0  11-17-2025<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:** 174

**Form 13F Information Table Value Total:** $135811480

      (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 |
| ADOBE SYSTEMS INC | EQUITY | 00724F101 |  | 475154 | 1347 | SH |  | SOLE |  | 1347 | 0 | 0 |
| ADVANCED MICRO DEVICES COMP | EQUITY | 007903107 |  | 819952 | 5068 | SH |  | SOLE |  | 5068 | 0 | 0 |
| ALKAMI TECHNOLOGY INC COMP | EQUITY | 01644J108 |  | 36860 | 2682 | SH |  | SOLE |  | 2682 | 0 | 0 |
| ALLIANT ENERGY CORP COMP | EQUITY | 018802108 |  | 956278 | 14186 | SH |  | SOLE |  | 14186 | 0 | 0 |
| ALLSTATE CORP | EQUITY | 020002101 |  | 118701 | 553 | SH |  | SOLE |  | 553 | 0 | 0 |
| AMAZON.COM INC COMP | EQUITY | 023135106 |  | 6903720 | 31442 | SH |  | SOLE |  | 31442 | 0 | 0 |
| AMEREN CORPORATION COMP | EQUITY | 023608102 |  | 1575720 | 15096 | SH |  | SOLE |  | 15096 | 0 | 0 |
| AMERICAN ELECTRIC POWER COMP | EQUITY | 025537101 |  | 995625 | 8850 | SH |  | SOLE |  | 8850 | 0 | 0 |
| AMERICAN WATER WORKS CO INC COMP | EQUITY | 030420103 |  | 2398800 | 17234 | SH |  | SOLE |  | 17234 | 0 | 0 |
| AMPHENOL CORP-CL A COMP | EQUITY | 032095101 |  | 1015616 | 8207 | SH |  | SOLE |  | 8207 | 0 | 0 |
| ANTERO MIDSTREAM CORP COMP | EQUITY | 03676B102 |  | 103051 | 5301 | SH |  | SOLE |  | 5301 | 0 | 0 |
| APPLIED MATERIALS INC COMP | EQUITY | 038222105 |  | 1064648 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| APTARGROUP INC COMP | EQUITY | 038336103 |  | 796881 | 5962 | SH |  | SOLE |  | 5962 | 0 | 0 |
| ARES MANAGEMENT CORP - A COMP | EQUITY | 03990B101 |  | 690885 | 4321 | SH |  | SOLE |  | 4321 | 0 | 0 |
| ARTHUR J GALLAGHER  CO COMP | EQUITY | 363576109 |  | 937273 | 3026 | SH |  | SOLE |  | 3026 | 0 | 0 |
| AT INC COMP | EQUITY | 00206R102 |  | 417839 | 14796 | SH |  | SOLE |  | 14796 | 0 | 0 |
| AUTODESK INC COMP | EQUITY | 052769106 |  | 1394889 | 4391 | SH |  | SOLE |  | 4391 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | EQUITY | 053015103 |  | 259161 | 883 | SH |  | SOLE |  | 883 | 0 | 0 |
| AVALONBAY COMMUNITIES INC | EQUITY | 053484101 |  | 20200 | 189 | SH |  | SOLE |  | 189 | 0 | 0 |
| BAKER HUGHES CO COMP | EQUITY | 05722G100 |  | 3001152 | 62031 | SH |  | SOLE |  | 62031 | 0 | 0 |
| BANK OF AMERICA CORP | EQUITY | 060505104 |  | 1147878 | 22250 | SH |  | SOLE |  | 22250 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDINGS COMP | EQUITY | 099502106 |  | 31784 | 318 | SH |  | SOLE |  | 318 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | EQUITY | 101137107 |  | 1550853 | 15885 | SH |  | SOLE |  | 15885 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | EQUITY | 110122108 |  | 204529 | 4535 | SH |  | SOLE |  | 4535 | 0 | 0 |
| BROADCOM INC COMP | EQUITY | 11135F101 |  | 7933016 | 24046 | SH |  | SOLE |  | 24046 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTIO COMP | EQUITY | 11133T103 |  | 46681 | 196 | SH |  | SOLE |  | 196 | 0 | 0 |
| CAMDEN PROPERTY TRUST | EQUITY | 133131102 |  | 17783 | 301 | SH |  | SOLE |  | 301 | 0 | 0 |
| CAMECO CORP COMP | EQUITY | 13321L108 |  | 202557 | 2414 | SH |  | SOLE |  | 2414 | 0 | 0 |
| CANADIAN NATL RAILWAY CO COMP | EQUITY | 136375102 |  | 50733 | 538 | SH |  | SOLE |  | 538 | 0 | 0 |
| CASELLA WASTE SYSTEMS INC-A COMP | EQUITY | 147448104 |  | 41652 | 525 | SH |  | SOLE |  | 525 | 0 | 0 |
| CENTENE CORP COMP | EQUITY | 15135B101 |  | 27509 | 771 | SH |  | SOLE |  | 771 | 0 | 0 |
| CENTRUS ENERGY CORP-CLASS A COMP | EQUITY | 15643U104 |  | 34108 | 116 | SH |  | SOLE |  | 116 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COMP | EQUITY | 169656105 |  | 711455 | 18154 | SH |  | SOLE |  | 18154 | 0 | 0 |
| CHURCH  DWIGHT CO INC COMP | EQUITY | 171340102 |  | 416944 | 4758 | SH |  | SOLE |  | 4758 | 0 | 0 |
| CIGNA CORP | EQUITY | 125523100 |  | 888963 | 3084 | SH |  | SOLE |  | 3084 | 0 | 0 |
| CLEAN HARBORS INC | EQUITY | 184496107 |  | 239651 | 1032 | SH |  | SOLE |  | 1032 | 0 | 0 |
| CME GROUP INC COMP | EQUITY | 12572Q105 |  | 199400 | 738 | SH |  | SOLE |  | 738 | 0 | 0 |
| CONFLUENT INC-CLASS A COMP | EQUITY | 20717M103 |  | 19062 | 12919 | SH |  | SOLE |  | 12919 | 0 | 0 |
| CONSOLIDATED EDISON INC COMP | EQUITY | 209115104 |  | 1012638 | 10074 | SH |  | SOLE |  | 10074 | 0 | 0 |
| CORPAY INC COMP | EQUITY | 219948106 |  | 1166355 | 4049 | SH |  | SOLE |  | 4049 | 0 | 0 |
| CORTEVA INC COMP | EQUITY | 22052L104 |  | 65331 | 966 | SH |  | SOLE |  | 966 | 0 | 0 |
| CROWN CASTLE INTL CORP | EQUITY | 22822V101 |  | 26533 | 497 | SH |  | SOLE |  | 497 | 0 | 0 |
| CSX CORP | EQUITY | 126408103 |  | 75636 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| CUBESMART COMP | EQUITY | 229663109 |  | 12328 | 548 | SH |  | SOLE |  | 548 | 0 | 0 |
| DENISON MINES CORP COMP | EQUITY | 248356107 |  | 46932 | 17057 | SH |  | SOLE |  | 17057 | 0 | 0 |
| DIGITAL REALTY TRUST INC | EQUITY | 253868103 |  | 73460 | 768 | SH |  | SOLE |  | 768 | 0 | 0 |
| DR HORTON INC | EQUITY | 23331A109 |  | 863450 | 5095 | SH |  | SOLE |  | 5095 | 0 | 0 |
| DYNATRACE INC COMP | EQUITY | 268150109 |  | 7988 | 298 | SH |  | SOLE |  | 298 | 0 | 0 |
| EASTGROUP PROPERTIES INC | EQUITY | 277276101 |  | 40643 | 434 | SH |  | SOLE |  | 434 | 0 | 0 |
| ECOLAB INC | EQUITY | 278865100 |  | 132822 | 485 | SH |  | SOLE |  | 485 | 0 | 0 |
| ELEVANCE HEALTH INC COMP | EQUITY | 036752103 |  | 636223 | 1969 | SH |  | SOLE |  | 1969 | 0 | 0 |
| ENBRIDGE INC COMP | EQUITY | 29250N105 |  | 167830 | 3326 | SH |  | SOLE |  | 3326 | 0 | 0 |
| ENERGY FUELS INC COMP | EQUITY | 292671708 |  | 40008 | 2606 | SH |  | SOLE |  | 2606 | 0 | 0 |
| ENERGY TRANSFER LP COMP | EQUITY | 29273V100 |  | 41510 | 3017 | SH |  | SOLE |  | 3017 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS COMP | EQUITY | 293792107 |  | 68075 | 2177 | SH |  | SOLE |  | 2177 | 0 | 0 |
| EQUINIX INC | EQUITY | 29444U700 |  | 49402 | 114 | SH |  | SOLE |  | 114 | 0 | 0 |
| EQUITY LIFESTYLE PROPERTIES | EQUITY | 29472R108 |  | 18538 | 552 | SH |  | SOLE |  | 552 | 0 | 0 |
| EQUITY RESIDENTIAL | EQUITY | 29476L107 |  | 14934 | 417 | SH |  | SOLE |  | 417 | 0 | 0 |
| ESSEX PROPERTY TRUST INC | EQUITY | 297178105 |  | 13032 | 88 | SH |  | SOLE |  | 88 | 0 | 0 |
| ESTEE LAUDER COMPANIES-CL A COMP | EQUITY | 518439104 |  | 50933 | 3716 | SH |  | SOLE |  | 3716 | 0 | 0 |
| EVERGY INC COMP | EQUITY | 30034W106 |  | 845799 | 11126 | SH |  | SOLE |  | 11126 | 0 | 0 |
| EVERSOURCE ENERGY COMP | EQUITY | 30040W108 |  | 1463777 | 20576 | SH |  | SOLE |  | 20576 | 0 | 0 |
| EXTRA SPACE STORAGE INC COMP | EQUITY | 30225T102 |  | 28384 | 364 | SH |  | SOLE |  | 364 | 0 | 0 |
| FIRST INDUSTRIAL REALTY TR | EQUITY | 32054K103 |  | 43599 | 1531 | SH |  | SOLE |  | 1531 | 0 | 0 |
| FISERV INC COMP | EQUITY | 337738108 |  | 1349124 | 10464 | SH |  | SOLE |  | 10464 | 0 | 0 |
| FORTINET INC COMP | EQUITY | 34959E109 |  | 116030 | 1380 | SH |  | SOLE |  | 1380 | 0 | 0 |
| FREEPORT-MCMORAN INC COMP | EQUITY | 35671D857 |  | 69694 | 1777 | SH |  | SOLE |  | 1777 | 0 | 0 |
| GENESIS ENERGY L.P. COMP | EQUITY | 371927104 |  | 25784 | 1544 | SH |  | SOLE |  | 1544 | 0 | 0 |
| GFL ENVIRONMENTAL INC-SUB VT COMP | EQUITY | 36168Q104 |  | 112101 | 3210 | SH |  | SOLE |  | 3210 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GROUP COMP | EQUITY | 42330P107 |  | 236672 | 36078 | SH |  | SOLE |  | 36078 | 0 | 0 |
| HUMANA INC | EQUITY | 444859102 |  | 41627 | 160 | SH |  | SOLE |  | 160 | 0 | 0 |
| IDEXX LABORATORIES INC | EQUITY | 45168D104 |  | 88806 | 139 | SH |  | SOLE |  | 139 | 0 | 0 |
| INDEPENDENCE REALTY TRUST IN COMP | EQUITY | 45378A106 |  | 8125 | 896 | SH |  | SOLE |  | 896 | 0 | 0 |
| INTERACTIVE BROKERS GRO-CL A COMP | EQUITY | 45841N107 |  | 1818167 | 110170 | SH |  | SOLE |  | 110170 | 0 | 0 |
| INTERNATIONAL PAPER CO | EQUITY | 460146103 |  | 16147 | 348 | SH |  | SOLE |  | 348 | 0 | 0 |
| INTUIT INC COMP | EQUITY | 461202103 |  | 398819 | 584 | SH |  | SOLE |  | 584 | 0 | 0 |
| INVITATION HOMES INC | EQUITY | 46187W107 |  | 36902 | 2274 | SH |  | SOLE |  | 2274 | 0 | 0 |
| JAMF HOLDING CORP COMP | EQUITY | 47074L105 |  | 3132 | 529 | SH |  | SOLE |  | 529 | 0 | 0 |
| JOHNSON  JOHNSON | EQUITY | 478160104 |  | 1617975 | 8726 | SH |  | SOLE |  | 8726 | 0 | 0 |
| JPMORGAN CHASE  CO | EQUITY | 46625H100 |  | 4784442 | 15168 | SH |  | SOLE |  | 15168 | 0 | 0 |
| KB HOME | EQUITY | 48666K109 |  | 36338 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| KINDER MORGAN INC COMP | EQUITY | 49456B101 |  | 108994 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| KLA CORP COMP | EQUITY | 482480100 |  | 316030 | 293 | SH |  | SOLE |  | 293 | 0 | 0 |
| LAM RESEARCH CORP COMP | EQUITY | 512807306 |  | 386034 | 2883 | SH |  | SOLE |  | 2883 | 0 | 0 |
| LENNAR CORP-A | EQUITY | 526057104 |  | 598816 | 11539 | SH |  | SOLE |  | 11539 | 0 | 0 |
| LGI HOMES INC | EQUITY | 50187T106 |  | 7524 | 263 | SH |  | SOLE |  | 263 | 0 | 0 |
| LOUISIANA-PACIFIC CORP | EQUITY | 546347105 |  | 9151 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| LOWE'S COS INC | EQUITY | 548661107 |  | 305844 | 1217 | SH |  | SOLE |  | 1217 | 0 | 0 |
| MARSH  MCLENNAN COS | EQUITY | 571748102 |  | 215234 | 1068 | SH |  | SOLE |  | 1068 | 0 | 0 |
| MASTERCARD INC - A | EQUITY | 57636Q104 |  | 2990803 | 5258 | SH |  | SOLE |  | 5258 | 0 | 0 |
| MERCK  CO. INC. COMP | EQUITY | 58933Y105 |  | 785837 | 9363 | SH |  | SOLE |  | 9363 | 0 | 0 |
| MERITAGE HOMES CORP | EQUITY | 59001A102 |  | 12463 | 311 | SH |  | SOLE |  | 311 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC COMP | EQUITY | 595017104 |  | 51761 | 806 | SH |  | SOLE |  | 806 | 0 | 0 |
| MICRON TECHNOLOGY INC COMP | EQUITY | 595112103 |  | 2581413 | 15428 | SH |  | SOLE |  | 15428 | 0 | 0 |
| MICROSOFT CORP COMP | EQUITY | 594918104 |  | 12135569 | 23430 | SH |  | SOLE |  | 23430 | 0 | 0 |
| MID-AMERICA APARTMENT COMM | EQUITY | 59522J103 |  | 25512 | 330 | SH |  | SOLE |  | 330 | 0 | 0 |
| MORGAN STANLEY COMP | EQUITY | 617446448 |  | 1149122 | 7229 | SH |  | SOLE |  | 7229 | 0 | 0 |
| MOSAIC CO/THE COMP | EQUITY | 61945C103 |  | 16300 | 470 | SH |  | SOLE |  | 470 | 0 | 0 |
| MPLX LP COMP | EQUITY | 55336V100 |  | 105944 | 2121 | SH |  | SOLE |  | 2121 | 0 | 0 |
| MSCI INC COMP | EQUITY | 55354G100 |  | 436906 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| NATIONAL RETAIL PROPERTIES | EQUITY | 637417106 |  | 35659 | 1514 | SH |  | SOLE |  | 1514 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES COMP | EQUITY | 637870106 |  | 6354 | 521 | SH |  | SOLE |  | 521 | 0 | 0 |
| NEWMONT GOLDCORP CORP COMP | EQUITY | 651639106 |  | 125032 | 1483 | SH |  | SOLE |  | 1483 | 0 | 0 |
| NEXGEN ENERGY LTD COMP | EQUITY | 65340P106 |  | 112392 | 12556 | SH |  | SOLE |  | 12556 | 0 | 0 |
| NEXTERA ENERGY INC COMP | EQUITY | 65339F101 |  | 2148823 | 28465 | SH |  | SOLE |  | 28465 | 0 | 0 |
| NIKE INC -CL B COMP | EQUITY | 654106103 |  | 181159 | 3227 | SH |  | SOLE |  | 3227 | 0 | 0 |
| NORFOLK SOUTHERN CORP | EQUITY | 655844108 |  | 76605 | 255 | SH |  | SOLE |  | 255 | 0 | 0 |
| NUTANIX INC - A COMP | EQUITY | 67059N108 |  | 44863 | 1090 | SH |  | SOLE |  | 1090 | 0 | 0 |
| NUTRIEN LTD | EQUITY | 67077M108 |  | 45853 | 781 | SH |  | SOLE |  | 781 | 0 | 0 |
| NVIDIA CORP | EQUITY | 67066G104 |  | 17805516 | 95431 | SH |  | SOLE |  | 95431 | 0 | 0 |
| NVR INC COMP | EQUITY | 62944T105 |  | 56243 | 7 | SH |  | SOLE |  | 7 | 0 | 0 |
| OCEANEERING INTL INC COMP | EQUITY | 675232102 |  | 396976 | 16020 | SH |  | SOLE |  | 16020 | 0 | 0 |
| OKTA INC COMP | EQUITY | 679295105 |  | 47226 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| ONEOK INC COMP | EQUITY | 682680103 |  | 186949 | 2562 | SH |  | SOLE |  | 2562 | 0 | 0 |
| PALO ALTO NETWORKS INC COMP | EQUITY | 697435105 |  | 1546698 | 7596 | SH |  | SOLE |  | 7596 | 0 | 0 |
| PAYPAL HOLDINGS INC | EQUITY | 70450Y103 |  | 187299 | 2793 | SH |  | SOLE |  | 2793 | 0 | 0 |
| PEMBINA PIPELINE CORP COMP | EQUITY | 706327103 |  | 45760 | 1131 | SH |  | SOLE |  | 1131 | 0 | 0 |
| PEPSICO INC | EQUITY | 713448108 |  | 839691 | 5979 | SH |  | SOLE |  | 5979 | 0 | 0 |
| PINNACLE WEST CAPITAL COMP | EQUITY | 723484101 |  | 1394213 | 15550 | SH |  | SOLE |  | 15550 | 0 | 0 |
| PLAINS ALL AMER PIPELINE LP COMP | EQUITY | 726503105 |  | 50225 | 2944 | SH |  | SOLE |  | 2944 | 0 | 0 |
| PROGRESSIVE CORP COMP | EQUITY | 743315103 |  | 2085987 | 8447 | SH |  | SOLE |  | 8447 | 0 | 0 |
| PROLOGIS INC | EQUITY | 74340W103 |  | 230643 | 2014 | SH |  | SOLE |  | 2014 | 0 | 0 |
| PTC INC COMP | EQUITY | 69370C100 |  | 469788 | 2314 | SH |  | SOLE |  | 2314 | 0 | 0 |
| PUBLIC STORAGE COMP | EQUITY | 74460D109 |  | 236568 | 819 | SH |  | SOLE |  | 819 | 0 | 0 |
| PULTEGROUP INC COMP | EQUITY | 745867101 |  | 46642 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| Q2 HOLDINGS INC COMP | EQUITY | 74736L109 |  | 50265 | 1255 | SH |  | SOLE |  | 1255 | 0 | 0 |
| QUIMICA Y MINERA CHIL-SP ADR COMP | EQUITY | 833635105 |  | 21705 | 1010 | SH |  | SOLE |  | 1010 | 0 | 0 |
| REALTY INCOME CORP | EQUITY | 756109104 |  | 169043 | 5026 | SH |  | SOLE |  | 5026 | 0 | 0 |
| REPUBLIC SERVICES INC | EQUITY | 760759100 |  | 277900 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| REPUBLIC SERVICES INC COMP | EQUITY | 760759100 |  | 1990280 | 8673 | SH |  | SOLE |  | 8673 | 0 | 0 |
| REXFORD INDUSTRIAL REALTY IN | EQUITY | 76169C100 |  | 31161 | 1370 | SH |  | SOLE |  | 1370 | 0 | 0 |
| SALESFORCE.COM INC | EQUITY | 79466L302 |  | 657438 | 2774 | SH |  | SOLE |  | 2774 | 0 | 0 |
| SBA COMMUNICATIONS CORP | EQUITY | 78410G104 |  | 17972 | 168 | SH |  | SOLE |  | 168 | 0 | 0 |
| SEMPRA ENERGY COMP | EQUITY | 816851109 |  | 835104 | 9281 | SH |  | SOLE |  | 9281 | 0 | 0 |
| SEMRUSH HOLDINGS INC-A COMP | EQUITY | 81686C104 |  | 9119 | 6993 | SH |  | SOLE |  | 6993 | 0 | 0 |
| SERVICENOW INC COMP | EQUITY | 81762P102 |  | 379155 | 412 | SH |  | SOLE |  | 412 | 0 | 0 |
| SLB LTD | EQUITY | 806857108 |  | 2978539 | 86661 | SH |  | SOLE |  | 86661 | 0 | 0 |
| S GLOBAL INC | EQUITY | 78409V104 |  | 1241111 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| SPRINKLR INC-A COMP | EQUITY | 85208T107 |  | 11832 | 35585 | SH |  | SOLE |  | 35585 | 0 | 0 |
| STAG INDUSTRIAL INC | EQUITY | 85254J102 |  | 38426 | 1968 | SH |  | SOLE |  | 1968 | 0 | 0 |
| SUN COMMUNITIES INC | EQUITY | 866674104 |  | 15060 | 211 | SH |  | SOLE |  | 211 | 0 | 0 |
| SYNOPSYS INC COMP | EQUITY | 871607107 |  | 21216 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWRE COMP | EQUITY | 874054109 |  | 1044033 | 4041 | SH |  | SOLE |  | 4041 | 0 | 0 |
| TARGA RESOURCES CORP COMP | EQUITY | 87612G101 |  | 192001 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| TAYLOR MORRISON HOME CORP-A | EQUITY | 87724P106 |  | 36668 | 1004 | SH |  | SOLE |  | 1004 | 0 | 0 |
| TERRENO REALTY CORP | EQUITY | 88146M101 |  | 41823 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COMP | EQUITY | 883556102 |  | 1560309 | 3217 | SH |  | SOLE |  | 3217 | 0 | 0 |
| TIDEWATER INC COMP | EQUITY | 88642R109 |  | 1782715 | 33428 | SH |  | SOLE |  | 33428 | 0 | 0 |
| TJX COMPANIES INC | EQUITY | 872540109 |  | 977090 | 6760 | SH |  | SOLE |  | 6760 | 0 | 0 |
| T-MOBILE US INC COMP | EQUITY | 872590104 |  | 277202 | 1158 | SH |  | SOLE |  | 1158 | 0 | 0 |
| TOAST INC-CLASS A COMP | EQUITY | 888787108 |  | 62459 | 17800 | SH |  | SOLE |  | 17800 | 0 | 0 |
| TOLL BROTHERS INC COMP | EQUITY | 889478103 |  | 37221 | 487 | SH |  | SOLE |  | 487 | 0 | 0 |
| TRAVELERS COS INC/THE | EQUITY | 98417E109 |  | 2024066 | 7249 | SH |  | SOLE |  | 7249 | 0 | 0 |
| TRI POINTE GROUP INC | EQUITY | 87265H109 |  | 24584 | 1308 | SH |  | SOLE |  | 1308 | 0 | 0 |
| UDR INC | EQUITY | 902653104 |  | 16513 | 801 | SH |  | SOLE |  | 801 | 0 | 0 |
| UNION PACIFIC CORP | EQUITY | 907818108 |  | 104948 | 444 | SH |  | SOLE |  | 444 | 0 | 0 |
| UNITEDHEALTH GROUP INC COMP | EQUITY | 91324P102 |  | 1168150 | 3383 | SH |  | SOLE |  | 3383 | 0 | 0 |
| URANIUM ENERGY CORP COMP | EQUITY | 916896103 |  | 66767 | 5005 | SH |  | SOLE |  | 5005 | 0 | 0 |
| VALE SA-SP ADR COMP | EQUITY | 91912E105 |  | 64878 | 5974 | SH |  | SOLE |  | 5974 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COMP | EQUITY | 92343V104 |  | 409043 | 9307 | SH |  | SOLE |  | 9307 | 0 | 0 |
| VERTEX INC - CLASS A COMP | EQUITY | 92538J106 |  | 26458 | 40074 | SH |  | SOLE |  | 40074 | 0 | 0 |
| VISA INC-CLASS A SHARES | EQUITY | 92826C839 |  | 3355765 | 9830 | SH |  | SOLE |  | 9830 | 0 | 0 |
| VISA INC-CLASS A SHARES | EQUITY | 92826C839 |  | 2782738 | 14733 | SH |  | SOLE |  | 14733 | 0 | 0 |
| VOYA FINANCIAL INC | EQUITY | 929089100 |  | 41589 | 556 | SH |  | SOLE |  | 556 | 0 | 0 |
| WASTE CONNECTIONS INC | EQUITY | 94106B101 |  | 1336859 | 7606 | SH |  | SOLE |  | 7606 | 0 | 0 |
| WASTE MANAGEMENT INC | EQUITY | 94106L109 |  | 1035472 | 4689 | SH |  | SOLE |  | 4689 | 0 | 0 |
| WEC ENERGY GROUP INC COMP | EQUITY | 92939U106 |  | 853696 | 7450 | SH |  | SOLE |  | 7450 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L COMP | EQUITY | 958669103 |  | 41176 | 1048 | SH |  | SOLE |  | 1048 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | EQUITY | 952845105 |  | 292737 | 4424 | SH |  | SOLE |  | 4424 | 0 | 0 |
| WEX INC COMP | EQUITY | 96208T104 |  | 886579 | 5628 | SH |  | SOLE |  | 5628 | 0 | 0 |
| WILLIAMS COS INC COMP | EQUITY | 969457100 |  | 156031 | 2463 | SH |  | SOLE |  | 2463 | 0 | 0 |
| WORKDAY INC-CLASS A COMP | EQUITY | 98138H101 |  | 103995 | 1597 | SH |  | SOLE |  | 1597 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP-A COMP | EQUITY | 98956A105 |  | 46437 | 11958 | SH |  | SOLE |  | 11958 | 0 | 0 |
| ZOETIS INC | EQUITY | 98978V103 |  | 60723 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |

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