# EDGAR Filing Document

**Accession Number:** 0001540880
**File Stem:** 0001540880-25-000015
**Filing Date:** 2025-10
**Character Count:** 47047
**Document Hash:** 7dcaef98eea7845a5d5a42087ef00236
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001540880-25-000015.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001540880-25-000015

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
- **CENTRAL INDEX KEY:** 0001540880

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14940
- **FILM NUMBER:** 251421488

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 3069
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** SE 10361
- **BUSINESS PHONE:** 004687877500

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 3069
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** SE 10361

### 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:** FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND<br>**Address:** P.O. BOX 3069<br>STOCKHOLM, V7 SE 10361

**Form 13F File Number:** 028-14940

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:** carina Sand<br>**Title:** Senior Financial Specialist<br>**Phone:** 0046739833183

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

carina Margareta Sand  stockholm, V7  10-28-2025<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:** 465

**Form 13F Information Table Value Total:** $11601391

      (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 |
| 3M CO | COM | 88579Y101 |  | 20091 | 129468 | SH |  | SOLE |  | 129468 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 71779 | 535904 | SH |  | SOLE |  | 535904 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 77182 | 333344 | SH |  | SOLE |  | 333344 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 51052 | 207023 | SH |  | SOLE |  | 207023 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 46858 | 132836 | SH |  | SOLE |  | 132836 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 41338 | 255502 | SH |  | SOLE |  | 255502 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 10254 | 78591 | SH |  | SOLE |  | 78591 | 0 | 0 |
| AERCAP HOLDINGS N | COM | N00985106 |  | 2855 | 23591 | SH |  | SOLE |  | 23591 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 4538 | 62100 | SH |  | SOLE |  | 62100 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 15389 | 137774 | SH |  | SOLE |  | 137774 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 9167 | 71424 | SH |  | SOLE |  | 71424 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 9495 | 78200 | SH |  | SOLE |  | 78200 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 4751 | 62711 | SH |  | SOLE |  | 62711 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 1607 | 91773 | SH |  | SOLE |  | 91773 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 1674 | 20088 | SH |  | SOLE |  | 20088 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 2530 | 20208 | SH |  | SOLE |  | 20208 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 4244 | 23932 | SH |  | SOLE |  | 23932 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 15516 | 72283 | SH |  | SOLE |  | 72283 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 13778 | 30215 | SH |  | SOLE |  | 30215 | 0 | 0 |
| ALPHABET INC CAP STK | CL A | 02079K305 |  | 265965 | 1094054 | SH |  | SOLE |  | 1094054 | 0 | 0 |
| ALPHABET INC CAP STK | CL C | 02079K107 |  | 234365 | 962285 | SH |  | SOLE |  | 962285 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 335959 | 1530075 | SH |  | SOLE |  | 1530075 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 1220 | 149200 | SH |  | SOLE |  | 149200 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 31576 | 95063 | SH |  | SOLE |  | 95063 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 2063 | 14158 | SH |  | SOLE |  | 14158 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 2873 | 86400 | SH |  | SOLE |  | 86400 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 7676 | 97737 | SH |  | SOLE |  | 97737 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 14844 | 77184 | SH |  | SOLE |  | 77184 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 12961 | 93115 | SH |  | SOLE |  | 93115 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 11466 | 23341 | SH |  | SOLE |  | 23341 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 6368 | 33873 | SH |  | SOLE |  | 33873 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 30385 | 107672 | SH |  | SOLE |  | 107672 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 39190 | 316689 | SH |  | SOLE |  | 316689 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 19603 | 79786 | SH |  | SOLE |  | 79786 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 27416 | 76885 | SH |  | SOLE |  | 76885 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 10724 | 80465 | SH |  | SOLE |  | 80465 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 677506 | 2660748 | SH |  | SOLE |  | 2660748 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 44277 | 216258 | SH |  | SOLE |  | 216258 | 0 | 0 |
| APPLOVIN CORP COM | CL A | 03831W108 |  | 25436 | 35400 | SH |  | SOLE |  | 35400 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 11671 | 135359 | SH |  | SOLE |  | 135359 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 20283 | 223550 | SH |  | SOLE |  | 223550 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 3993 | 66843 | SH |  | SOLE |  | 66843 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 7531 | 47100 | SH |  | SOLE |  | 47100 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 44133 | 302884 | SH |  | SOLE |  | 302884 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 23538 | 75994 | SH |  | SOLE |  | 75994 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 0 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 61961 | 2194070 | SH |  | SOLE |  | 2194070 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 6148 | 38500 | SH |  | SOLE |  | 38500 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 17720 | 55782 | SH |  | SOLE |  | 55782 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 38941 | 132678 | SH |  | SOLE |  | 132678 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 34832 | 8119 | SH |  | SOLE |  | 8119 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 5770 | 29871 | SH |  | SOLE |  | 29871 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 79 | 6317 | SH |  | SOLE |  | 6317 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1719 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 8131 | 11330 | SH |  | SOLE |  | 11330 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 52569 | 1079003 | SH |  | SOLE |  | 1079003 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 655 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 59812 | 1159380 | SH |  | SOLE |  | 1159380 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 13361 | 122627 | SH |  | SOLE |  | 122627 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 939 | 41234 | SH |  | SOLE |  | 41234 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 10233 | 54671 | SH |  | SOLE |  | 54671 | 0 | 0 |
| BENTLEY SYS INC COM | CL B | 08265T208 |  | 6518 | 126606 | SH |  | SOLE |  | 126606 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 127374 | 253359 | SH |  | SOLE |  | 253359 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 3783 | 50022 | SH |  | SOLE |  | 50022 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 4056 | 28953 | SH |  | SOLE |  | 28953 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 5252 | 96969 | SH |  | SOLE |  | 96969 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 40420 | 34669 | SH |  | SOLE |  | 34669 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 20087 | 117572 | SH |  | SOLE |  | 117572 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 6965 | 96373 | SH |  | SOLE |  | 96373 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 28049 | 5195 | SH |  | SOLE |  | 5195 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 5554 | 55566 | SH |  | SOLE |  | 55566 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 28349 | 290370 | SH |  | SOLE |  | 290370 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 23028 | 510606 | SH |  | SOLE |  | 510606 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 233478 | 707703 | SH |  | SOLE |  | 707703 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 12109 | 50842 | SH |  | SOLE |  | 50842 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 14026 | 149543 | SH |  | SOLE |  | 149543 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 1301 | 48036 | SH |  | SOLE |  | 48036 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1843 | 15200 | SH |  | SOLE |  | 15200 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 1126 | 13854 | SH |  | SOLE |  | 13854 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 3301 | 12972 | SH |  | SOLE |  | 12972 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 1717 | 23100 | SH |  | SOLE |  | 23100 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 24800 | 70603 | SH |  | SOLE |  | 70603 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 2469 | 23121 | SH |  | SOLE |  | 23121 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 22495 | 105821 | SH |  | SOLE |  | 105821 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 11285 | 71900 | SH |  | SOLE |  | 71900 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 4869 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 3234 | 51586 | SH |  | SOLE |  | 51586 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 4582 | 158500 | SH |  | SOLE |  | 158500 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 7695 | 128889 | SH |  | SOLE |  | 128889 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 10223 | 27100 | SH |  | SOLE |  | 27100 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 58443 | 122484 | SH |  | SOLE |  | 122484 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 23358 | 95242 | SH |  | SOLE |  | 95242 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 7321 | 46467 | SH |  | SOLE |  | 46467 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 6347 | 39851 | SH |  | SOLE |  | 39851 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 40528 | 129677 | SH |  | SOLE |  | 129677 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 4758 | 133360 | SH |  | SOLE |  | 133360 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 3612 | 13129 | SH |  | SOLE |  | 13129 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 15446 | 74653 | SH |  | SOLE |  | 74653 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 42247 | 179790 | SH |  | SOLE |  | 179790 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 18946 | 483450 | SH |  | SOLE |  | 483450 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 38055 | 134826 | SH |  | SOLE |  | 134826 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 15738 | 179593 | SH |  | SOLE |  | 179593 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 5102 | 32268 | SH |  | SOLE |  | 32268 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 20501 | 99876 | SH |  | SOLE |  | 99876 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 98458 | 1439017 | SH |  | SOLE |  | 1439017 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 32388 | 319091 | SH |  | SOLE |  | 319091 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 4092 | 76984 | SH |  | SOLE |  | 76984 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1878 | 15230 | SH |  | SOLE |  | 15230 | 0 | 0 |
| CLOUDFLARE INC CL A | COM | 18915M107 |  | 14577 | 67928 | SH |  | SOLE |  | 67928 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 33643 | 124517 | SH |  | SOLE |  | 124517 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 2458 | 226583 | SH |  | SOLE |  | 226583 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 84552 | 1274906 | SH |  | SOLE |  | 1274906 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 4588 | 50750 | SH |  | SOLE |  | 50750 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 14415 | 214920 | SH |  | SOLE |  | 214920 | 0 | 0 |
| COINBASE GLOBAL INC COM | CL A | 19260Q107 |  | 10260 | 30400 | SH |  | SOLE |  | 30400 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 26422 | 330524 | SH |  | SOLE |  | 330524 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 19017 | 605251 | SH |  | SOLE |  | 605251 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 2687 | 19949 | SH |  | SOLE |  | 19949 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 29219 | 88794 | SH |  | SOLE |  | 88794 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 1990 | 29020 | SH |  | SOLE |  | 29020 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 11133 | 247556 | SH |  | SOLE |  | 247556 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 3234 | 100909 | SH |  | SOLE |  | 100909 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 11351 | 138371 | SH |  | SOLE |  | 138371 | 0 | 0 |
| CORPAY INC COM | SHS | 219948106 |  | 4077 | 14152 | SH |  | SOLE |  | 14152 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 17050 | 252101 | SH |  | SOLE |  | 252101 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 6460 | 76570 | SH |  | SOLE |  | 76570 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 105111 | 113556 | SH |  | SOLE |  | 113556 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 7662 | 63900 | SH |  | SOLE |  | 63900 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 22085 | 45037 | SH |  | SOLE |  | 45037 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 7886 | 81725 | SH |  | SOLE |  | 81725 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 14131 | 146300 | SH |  | SOLE |  | 146300 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 22575 | 635733 | SH |  | SOLE |  | 635733 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 14266 | 33775 | SH |  | SOLE |  | 33775 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 15768 | 209150 | SH |  | SOLE |  | 209150 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 9220 | 19083 | SH |  | SOLE |  | 19083 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 21644 | 109172 | SH |  | SOLE |  | 109172 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 5264 | 27653 | SH |  | SOLE |  | 27653 | 0 | 0 |
| DATADOG INC CL A | COM | 23804L103 |  | 8902 | 62511 | SH |  | SOLE |  | 62511 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 949 | 7139 | SH |  | SOLE |  | 7139 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 6062 | 59800 | SH |  | SOLE |  | 59800 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 18257 | 39926 | SH |  | SOLE |  | 39926 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 7621 | 53756 | SH |  | SOLE |  | 53756 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 6247 | 92844 | SH |  | SOLE |  | 92844 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 4244 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 4924 | 68300 | SH |  | SOLE |  | 68300 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 5006 | 48434 | SH |  | SOLE |  | 48434 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 2896 | 30687 | SH |  | SOLE |  | 30687 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 12736 | 208200 | SH |  | SOLE |  | 208200 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 3016 | 6987 | SH |  | SOLE |  | 6987 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 15857 | 58300 | SH |  | SOLE |  | 58300 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 5466 | 32762 | SH |  | SOLE |  | 32762 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 740 | 32283 | SH |  | SOLE |  | 32283 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 11734 | 69238 | SH |  | SOLE |  | 69238 | 0 | 0 |
| DRAFTKINGS INC NEW COM | CL A | 26142V105 |  | 3774 | 100900 | SH |  | SOLE |  | 100900 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 750 | 9625 | SH |  | SOLE |  | 9625 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 7609 | 157046 | SH |  | SOLE |  | 157046 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 35855 | 95805 | SH |  | SOLE |  | 95805 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 6187 | 68024 | SH |  | SOLE |  | 68024 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 20727 | 75685 | SH |  | SOLE |  | 75685 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 5795 | 104835 | SH |  | SOLE |  | 104835 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 10719 | 137835 | SH |  | SOLE |  | 137835 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 18443 | 91439 | SH |  | SOLE |  | 91439 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 25272 | 78212 | SH |  | SOLE |  | 78212 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 163645 | 214476 | SH |  | SOLE |  | 214476 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 10588 | 16300 | SH |  | SOLE |  | 16300 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 13599 | 103667 | SH |  | SOLE |  | 103667 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 2894 | 31300 | SH |  | SOLE |  | 31300 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 6655 | 25944 | SH |  | SOLE |  | 25944 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2224 | 43797 | SH |  | SOLE |  | 43797 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 2706 | 8506 | SH |  | SOLE |  | 8506 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 3801 | 43132 | SH |  | SOLE |  | 43132 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 3112 | 8887 | SH |  | SOLE |  | 8887 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 20802 | 462168 | SH |  | SOLE |  | 462168 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 4411 | 20634 | SH |  | SOLE |  | 20634 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 18965 | 58680 | SH |  | SOLE |  | 58680 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 4251 | 14839 | SH |  | SOLE |  | 14839 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 9204 | 6150 | SH |  | SOLE |  | 6150 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 15557 | 317235 | SH |  | SOLE |  | 317235 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 13005 | 57907 | SH |  | SOLE |  | 57907 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 3960 | 65469 | SH |  | SOLE |  | 65469 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 6325 | 95917 | SH |  | SOLE |  | 95917 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 4675 | 104944 | SH |  | SOLE |  | 104944 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 6647 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 7322 | 33200 | SH |  | SOLE |  | 33200 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 12775 | 99083 | SH |  | SOLE |  | 99083 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 10959 | 43144 | SH |  | SOLE |  | 43144 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 7930 | 663060 | SH |  | SOLE |  | 663060 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 24037 | 285880 | SH |  | SOLE |  | 285880 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 2891 | 59019 | SH |  | SOLE |  | 59019 | 0 | 0 |
| FOX CORP CL A | COM | 35137L105 |  | 2629 | 41688 | SH |  | SOLE |  | 41688 | 0 | 0 |
| FOX CORP CL B | COM | 35137L204 |  | 1311 | 22886 | SH |  | SOLE |  | 22886 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 7 | 786 | SH |  | SOLE |  | 786 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 11425 | 46401 | SH |  | SOLE |  | 46401 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 9586 | 36466 | SH |  | SOLE |  | 36466 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES | COMMON STOCK | 36266G107 |  | 6666 | 88755 | SH |  | SOLE |  | 88755 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 13076 | 21266 | SH |  | SOLE |  | 21266 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 7118 | 250731 | SH |  | SOLE |  | 250731 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 81444 | 270741 | SH |  | SOLE |  | 270741 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 19156 | 379928 | SH |  | SOLE |  | 379928 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 15302 | 250980 | SH |  | SOLE |  | 250980 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 3016 | 21762 | SH |  | SOLE |  | 21762 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 33107 | 298263 | SH |  | SOLE |  | 298263 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 3744 | 45060 | SH |  | SOLE |  | 45060 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 2 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 13929 | 101798 | SH |  | SOLE |  | 101798 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 39758 | 49925 | SH |  | SOLE |  | 49925 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 9549 | 112392 | SH |  | SOLE |  | 112392 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 3984 | 29864 | SH |  | SOLE |  | 29864 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 19507 | 45769 | SH |  | SOLE |  | 45769 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 1803 | 100500 | SH |  | SOLE |  | 100500 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 1295 | 4012 | SH |  | SOLE |  | 4012 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 1804 | 7099 | SH |  | SOLE |  | 7099 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 13546 | 72419 | SH |  | SOLE |  | 72419 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 5771 | 234960 | SH |  | SOLE |  | 234960 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 9547 | 36800 | SH |  | SOLE |  | 36800 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 6109 | 90514 | SH |  | SOLE |  | 90514 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 65523 | 161710 | SH |  | SOLE |  | 161710 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 5343 | 215952 | SH |  | SOLE |  | 215952 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 16239 | 82753 | SH |  | SOLE |  | 82753 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 3937 | 144599 | SH |  | SOLE |  | 144599 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 5749 | 13361 | SH |  | SOLE |  | 13361 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 7023 | 15013 | SH |  | SOLE |  | 15013 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 6852 | 26336 | SH |  | SOLE |  | 26336 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 3269 | 189263 | SH |  | SOLE |  | 189263 | 0 | 0 |
| HYATT HOTELS CORP COM | CL A | 448579102 |  | 528 | 3722 | SH |  | SOLE |  | 3722 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 6056 | 37207 | SH |  | SOLE |  | 37207 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 15073 | 23592 | SH |  | SOLE |  | 23592 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 16807 | 64452 | SH |  | SOLE |  | 64452 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 3199 | 33686 | SH |  | SOLE |  | 33686 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 10111 | 119219 | SH |  | SOLE |  | 119219 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 8701 | 105312 | SH |  | SOLE |  | 105312 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 4013 | 12998 | SH |  | SOLE |  | 12998 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 23972 | 714511 | SH |  | SOLE |  | 714511 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN COM | CL A | 45841N107 |  | 5312 | 77200 | SH |  | SOLE |  | 77200 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 17792 | 105606 | SH |  | SOLE |  | 105606 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 538 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 59671 | 211481 | SH |  | SOLE |  | 211481 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 597 | 9709 | SH |  | SOLE |  | 9709 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 58689 | 85940 | SH |  | SOLE |  | 85940 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 36610 | 81859 | SH |  | SOLE |  | 81859 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 5329 | 28056 | SH |  | SOLE |  | 28056 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 5263 | 24234 | SH |  | SOLE |  | 24234 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 6831 | 45866 | SH |  | SOLE |  | 45866 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 2723 | 25077 | SH |  | SOLE |  | 25077 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 149449 | 806000 | SH |  | SOLE |  | 806000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 11791 | 107238 | SH |  | SOLE |  | 107238 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 140451 | 445267 | SH |  | SOLE |  | 445267 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 19071 | 232520 | SH |  | SOLE |  | 232520 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 4861 | 299535 | SH |  | SOLE |  | 299535 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 10213 | 400339 | SH |  | SOLE |  | 400339 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 1918 | 102613 | SH |  | SOLE |  | 102613 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 4934 | 28209 | SH |  | SOLE |  | 28209 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 11265 | 90596 | SH |  | SOLE |  | 90596 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 14322 | 102675 | SH |  | SOLE |  | 102675 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 36890 | 34202 | SH |  | SOLE |  | 34202 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 10576 | 406161 | SH |  | SOLE |  | 406161 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 22905 | 339783 | SH |  | SOLE |  | 339783 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 3935 | 13707 | SH |  | SOLE |  | 13707 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 48185 | 359860 | SH |  | SOLE |  | 359860 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 3575 | 66463 | SH |  | SOLE |  | 66463 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 7739 | 61401 | SH |  | SOLE |  | 61401 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 3665 | 6924 | SH |  | SOLE |  | 6924 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S C | 531229755 |  | 12377 | 118497 | SH |  | SOLE |  | 118497 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 74858 | 157596 | SH |  | SOLE |  | 157596 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 4443 | 27194 | SH |  | SOLE |  | 27194 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 6 | 197 | SH |  | SOLE |  | 197 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 6624 | 65985 | SH |  | SOLE |  | 65985 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 23461 | 93355 | SH |  | SOLE |  | 93355 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 5290 | 15900 | SH |  | SOLE |  | 15900 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 6797 | 38200 | SH |  | SOLE |  | 38200 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 5550 | 28085 | SH |  | SOLE |  | 28085 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 4945 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 8339 | 32018 | SH |  | SOLE |  | 32018 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 44746 | 222031 | SH |  | SOLE |  | 222031 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1607 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 15708 | 186847 | SH |  | SOLE |  | 186847 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1935 | 27485 | SH |  | SOLE |  | 27485 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 1915 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 128432 | 225790 | SH |  | SOLE |  | 225790 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 2960 | 44244 | SH |  | SOLE |  | 44244 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 60343 | 198570 | SH |  | SOLE |  | 198570 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 46548 | 60253 | SH |  | SOLE |  | 60253 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 18132 | 190379 | SH |  | SOLE |  | 190379 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 27015 | 11560 | SH |  | SOLE |  | 11560 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 77562 | 924129 | SH |  | SOLE |  | 924129 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 314731 | 428567 | SH |  | SOLE |  | 428567 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 8485 | 103015 | SH |  | SOLE |  | 103015 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 4550 | 3706 | SH |  | SOLE |  | 3706 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 4929 | 76753 | SH |  | SOLE |  | 76753 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 30015 | 179387 | SH |  | SOLE |  | 179387 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 667176 | 1288109 | SH |  | SOLE |  | 1288109 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 3808 | 19900 | SH |  | SOLE |  | 19900 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 1976 | 43666 | SH |  | SOLE |  | 43666 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 1902 | 9821 | SH |  | SOLE |  | 9821 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 25558 | 409130 | SH |  | SOLE |  | 409130 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 5738 | 18487 | SH |  | SOLE |  | 18487 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 11782 | 12798 | SH |  | SOLE |  | 12798 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 20990 | 311841 | SH |  | SOLE |  | 311841 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 21796 | 45743 | SH |  | SOLE |  | 45743 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 30923 | 194533 | SH |  | SOLE |  | 194533 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 8063 | 14210 | SH |  | SOLE |  | 14210 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 7865 | 88915 | SH |  | SOLE |  | 88915 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 5312 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 7735 | 65296 | SH |  | SOLE |  | 65296 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 138219 | 115286 | SH |  | SOLE |  | 115286 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 5225 | 37223 | SH |  | SOLE |  | 37223 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 1753 | 57076 | SH |  | SOLE |  | 57076 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 10586 | 140234 | SH |  | SOLE |  | 140234 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 21121 | 302892 | SH |  | SOLE |  | 302892 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 12124 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 1427 | 6288 | SH |  | SOLE |  | 6288 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 16797 | 55912 | SH |  | SOLE |  | 55912 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 3196 | 23745 | SH |  | SOLE |  | 23745 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 6512 | 48086 | SH |  | SOLE |  | 48086 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 4426 | 59500 | SH |  | SOLE |  | 59500 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 823088 | 4411449 | SH |  | SOLE |  | 4411449 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 6138 | 764 | SH |  | SOLE |  | 764 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 23743 | 104258 | SH |  | SOLE |  | 104258 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 3668 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 12535 | 89038 | SH |  | SOLE |  | 89038 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 2923 | 35851 | SH |  | SOLE |  | 35851 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 3058 | 62014 | SH |  | SOLE |  | 62014 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 78537 | 279252 | SH |  | SOLE |  | 279252 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 35516 | 329434 | SH |  | SOLE |  | 329434 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 7554 | 82624 | SH |  | SOLE |  | 82624 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 1769 | 12504 | SH |  | SOLE |  | 12504 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1 | 12 | SH |  | SOLE |  | 12 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 65584 | 359523 | SH |  | SOLE |  | 359523 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 31973 | 157025 | SH |  | SOLE |  | 157025 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 19568 | 25810 | SH |  | SOLE |  | 25810 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 11858 | 93545 | SH |  | SOLE |  | 93545 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 3905 | 18760 | SH |  | SOLE |  | 18760 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 15829 | 236040 | SH |  | SOLE |  | 236040 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 65541 | 466684 | SH |  | SOLE |  | 466684 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 25836 | 1013971 | SH |  | SOLE |  | 1013971 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 4413 | 137190 | SH |  | SOLE |  | 137190 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 11892 | 59183 | SH |  | SOLE |  | 59183 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 3227 | 10406 | SH |  | SOLE |  | 10406 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 2722 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 2069 | 24951 | SH |  | SOLE |  | 24951 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 115265 | 750178 | SH |  | SOLE |  | 750178 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 56816 | 230070 | SH |  | SOLE |  | 230070 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 2867 | 27641 | SH |  | SOLE |  | 27641 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 10963 | 53999 | SH |  | SOLE |  | 53999 | 0 | 0 |
| PULMONX CORP | COM | 745848101 |  | 124 | 76253 | SH |  | SOLE |  | 76253 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 7842 | 59354 | SH |  | SOLE |  | 59354 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 5808 | 69300 | SH |  | SOLE |  | 69300 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 49601 | 298156 | SH |  | SOLE |  | 298156 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 11670 | 28160 | SH |  | SOLE |  | 28160 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 8123 | 42620 | SH |  | SOLE |  | 42620 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 57 | 1305 | SH |  | SOLE |  | 1305 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 4684 | 27139 | SH |  | SOLE |  | 27139 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 5658 | 24600 | SH |  | SOLE |  | 24600 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 19821 | 35252 | SH |  | SOLE |  | 35252 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 3996 | 151533 | SH |  | SOLE |  | 151533 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 32443 | 141374 | SH |  | SOLE |  | 141374 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 8997 | 32868 | SH |  | SOLE |  | 32868 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 1555 | 17740 | SH |  | SOLE |  | 17740 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC COM | CL A | 76954A103 |  | 3899 | 265600 | SH |  | SOLE |  | 265600 | 0 | 0 |
| ROBINHOOD MKTS INC COM | CL A | 770700102 |  | 16494 | 115200 | SH |  | SOLE |  | 115200 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 16802 | 121300 | SH |  | SOLE |  | 121300 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 4690 | 97900 | SH |  | SOLE |  | 97900 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 8247 | 23595 | SH |  | SOLE |  | 23595 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 10208 | 173778 | SH |  | SOLE |  | 173778 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 31940 | 64048 | SH |  | SOLE |  | 64048 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 7165 | 47020 | SH |  | SOLE |  | 47020 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 12946 | 40008 | SH |  | SOLE |  | 40008 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 3009 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 4317 | 122350 | SH |  | SOLE |  | 122350 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 26185 | 53800 | SH |  | SOLE |  | 53800 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 46892 | 197855 | SH |  | SOLE |  | 197855 | 0 | 0 |
| SAMSARA INC COM | CL A | 79589L106 |  | 2082 | 55900 | SH |  | SOLE |  | 55900 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 4 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 26852 | 281260 | SH |  | SOLE |  | 281260 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 8335 | 35308 | SH |  | SOLE |  | 35308 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 4 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 42660 | 46356 | SH |  | SOLE |  | 46356 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 17986 | 51945 | SH |  | SOLE |  | 51945 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 464 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 2129 | 276142 | SH |  | SOLE |  | 276142 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 6553 | 18910 | SH |  | SOLE |  | 18910 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 15608 | 69200 | SH |  | SOLE |  | 69200 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 7025 | 265900 | SH |  | SOLE |  | 265900 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 1756 | 24057 | SH |  | SOLE |  | 24057 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 4239 | 47757 | SH |  | SOLE |  | 47757 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 15820 | 186995 | SH |  | SOLE |  | 186995 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 4236 | 36516 | SH |  | SOLE |  | 36516 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 9025 | 64729 | SH |  | SOLE |  | 64729 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 3604 | 14566 | SH |  | SOLE |  | 14566 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 18366 | 49683 | SH |  | SOLE |  | 49683 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 5897 | 123000 | SH |  | SOLE |  | 123000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 5258 | 74001 | SH |  | SOLE |  | 74001 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 20089 | 40717 | SH |  | SOLE |  | 40717 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 4950 | 60114 | SH |  | SOLE |  | 60114 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 4781 | 46577 | SH |  | SOLE |  | 46577 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 7071 | 27369 | SH |  | SOLE |  | 27369 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 4200 | 37100 | SH |  | SOLE |  | 37100 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 10011 | 111607 | SH |  | SOLE |  | 111607 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 17064 | 77728 | SH |  | SOLE |  | 77728 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 17436 | 29753 | SH |  | SOLE |  | 29753 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 5416 | 39350 | SH |  | SOLE |  | 39350 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 72828 | 163762 | SH |  | SOLE |  | 163762 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 41657 | 226731 | SH |  | SOLE |  | 226731 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 17395 | 60347 | SH |  | SOLE |  | 60347 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 28322 | 58393 | SH |  | SOLE |  | 58393 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 50194 | 347268 | SH |  | SOLE |  | 347268 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 49014 | 204754 | SH |  | SOLE |  | 204754 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 3775 | 103400 | SH |  | SOLE |  | 103400 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 9239 | 162450 | SH |  | SOLE |  | 162450 | 0 | 0 |
| THE TRADE DESK INC COM | CL A | 88339J105 |  | 3748 | 76472 | SH |  | SOLE |  | 76472 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 4867 | 43859 | SH |  | SOLE |  | 43859 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 27530 | 65243 | SH |  | SOLE |  | 65243 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 9736 | 7387 | SH |  | SOLE |  | 7387 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 3910 | 46667 | SH |  | SOLE |  | 46667 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 24669 | 88351 | SH |  | SOLE |  | 88351 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 3918 | 47980 | SH |  | SOLE |  | 47980 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 10054 | 219898 | SH |  | SOLE |  | 219898 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 3612 | 36092 | SH |  | SOLE |  | 36092 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 12451 | 23800 | SH |  | SOLE |  | 23800 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 8832 | 162646 | SH |  | SOLE |  | 162646 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 51006 | 520633 | SH |  | SOLE |  | 520633 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 7942 | 14525 | SH |  | SOLE |  | 14525 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 40733 | 172326 | SH |  | SOLE |  | 172326 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2250 | 26941 | SH |  | SOLE |  | 26941 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 9762 | 10226 | SH |  | SOLE |  | 10226 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 11528 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 94377 | 273318 | SH |  | SOLE |  | 273318 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 12639 | 261519 | SH |  | SOLE |  | 261519 | 0 | 0 |
| VEEVA SYS INC CL A | COM | 922475108 |  | 13724 | 46069 | SH |  | SOLE |  | 46069 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 8983 | 84257 | SH |  | SOLE |  | 84257 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 18991 | 67929 | SH |  | SOLE |  | 67929 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 9017 | 35852 | SH |  | SOLE |  | 35852 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 50077 | 1139413 | SH |  | SOLE |  | 1139413 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 35100 | 89622 | SH |  | SOLE |  | 89622 | 0 | 0 |
| VERTIV HOLDINGS CO COM | CL A | 92537N108 |  | 14196 | 94100 | SH |  | SOLE |  | 94100 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 0 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| VISA INC COM | CL A | 92826C839 |  | 183122 | 536417 | SH |  | SOLE |  | 536417 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 10580 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1742 | 5663 | SH |  | SOLE |  | 5663 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 8839 | 44093 | SH |  | SOLE |  | 44093 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 116826 | 1133571 | SH |  | SOLE |  | 1133571 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 32598 | 284700 | SH |  | SOLE |  | 284700 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 7027 | 359800 | SH |  | SOLE |  | 359800 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 22520 | 128100 | SH |  | SOLE |  | 128100 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 33278 | 150696 | SH |  | SOLE |  | 150696 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 4711 | 15713 | SH |  | SOLE |  | 15713 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 4172 | 10319 | SH |  | SOLE |  | 10319 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 43643 | 520679 | SH |  | SOLE |  | 520679 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 5223 | 19910 | SH |  | SOLE |  | 19910 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 6611 | 55066 | SH |  | SOLE |  | 55066 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 7388 | 37799 | SH |  | SOLE |  | 37799 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 13330 | 38588 | SH |  | SOLE |  | 38588 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 3195 | 17986 | SH |  | SOLE |  | 17986 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 12484 | 51857 | SH |  | SOLE |  | 51857 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 15496 | 202243 | SH |  | SOLE |  | 202243 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 12895 | 13531 | SH |  | SOLE |  | 13531 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 9815 | 66539 | SH |  | SOLE |  | 66539 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 20517 | 134980 | SH |  | SOLE |  | 134980 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 2099 | 7065 | SH |  | SOLE |  | 7065 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 3539 | 45933 | SH |  | SOLE |  | 45933 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 2349 | 23847 | SH |  | SOLE |  | 23847 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 18672 | 127611 | SH |  | SOLE |  | 127611 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 5346 | 64800 | SH |  | SOLE |  | 64800 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 7677 | 25620 | SH |  | SOLE |  | 25620 | 0 | 0 |

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