# EDGAR Filing Document

**Accession Number:** 0002090208
**File Stem:** 0001019056-25-000238
**Filing Date:** 2025-11
**Character Count:** 22197
**Document Hash:** 7e7a968fa291cd21ea4f987669435b1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001019056-25-000238.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001019056-25-000238

**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:** Munich Reinsurance Co Stock Corp in Munich
- **CENTRAL INDEX KEY:** 0002090208

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 2M
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 529900MUF4C20K50JS49

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25844
- **FILM NUMBER:** 251475251

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KOENIGINSTR.107
- **CITY:** MUNICH
- **NON US STATE TERRITORY:** GERMANY
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 80802
- **BUSINESS PHONE:** 498938910

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KOENIGINSTR.107
- **CITY:** MUNICH
- **NON US STATE TERRITORY:** GERMANY
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 80802

### 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:** Munich Reinsurance Co Stock Corp in Munich<br>**Address:** KOENIGINSTR.107<br>MUNICH, 2M 80802

**Form 13F File Number:** 028-25844

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:** Bjorn Reichwald and Dr. Verena Matthes<br>**Title:** Head of Department Head of Divisional Unit<br>**Phone:** 0049-89-38918497

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

/s/ Bjorn Reichwald and /s/ Dr. Verena Matthes  Munich, 2M  11-06-2025<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:** 189

**Form 13F Information Table Value Total:** $3988189405

      (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   |
|:---|:---|:---|
|  | MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH | 028-14702              |

### 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 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 149427 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 136078 | 2104 | SH |  | SOLE |  | 2104 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 135290 | 5450 | SH |  | SOLE |  | 5450 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 2101396 | 35775 | SH |  | SOLE |  | 35775 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 10052010 | 268866 | SH |  | SOLE |  | 268866 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 2252895 | 15161 | SH |  | SOLE |  | 15161 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 2117413 | 35254 | SH |  | SOLE |  | 35254 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 6680698 | 83533 | SH |  | SOLE |  | 83533 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 31725286 | 290864 | SH |  | SOLE |  | 290864 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 58067674 | 1650060 | SH |  | SOLE |  | 1650060 | 0 | 0 |
| ACCENTURE PLC | IRELAND SHS CLASS A | G1151C101 |  | 215528 | 874 | SH |  | SOLE |  | 874 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 230164 | 615 | SH |  | SOLE |  | 615 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 2922794 | 8016 | SH |  | SOLE |  | 8016 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 66790476 | 293288 | SH |  | SOLE |  | 293288 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 47597215 | 205568 | SH |  | SOLE |  | 205568 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 210944 | 598 | SH |  | SOLE |  | 598 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 27942913 | 172711 | SH |  | SOLE |  | 172711 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 3335182 | 44023 | SH |  | SOLE |  | 44023 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 6202270 | 354213 | SH |  | SOLE |  | 354213 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 4567537 | 21279 | SH |  | SOLE |  | 21279 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 82212007 | 337557 | SH |  | SOLE |  | 337557 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 80015879 | 329148 | SH |  | SOLE |  | 329148 | 0 | 0 |
| AMAZON | COM INC COM | 023135106 |  | 60252204 | 274410 | SH |  | SOLE |  | 274410 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 55659037 | 494747 | SH |  | SOLE |  | 494747 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 334153 | 1006 | SH |  | SOLE |  | 1006 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 77054180 | 981082 | SH |  | SOLE |  | 981082 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 133278 | 693 | SH |  | SOLE |  | 693 | 0 | 0 |
| AMERICAN WTR WKS CO INC | NEW COM | 030420103 |  | 2373885 | 17055 | SH |  | SOLE |  | 17055 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 18972134 | 60705 | SH |  | SOLE |  | 60705 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 9677625 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 15950508 | 56522 | SH |  | SOLE |  | 56522 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 33050036 | 267071 | SH |  | SOLE |  | 267071 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 6385743 | 25990 | SH |  | SOLE |  | 25990 | 0 | 0 |
| ELEVANCE HEALTH INC | FORMERLY COM | 036752103 |  | 63505035 | 196537 | SH |  | SOLE |  | 196537 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 60880251 | 239093 | SH |  | SOLE |  | 239093 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 7493689 | 36601 | SH |  | SOLE |  | 36601 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 61289536 | 1025938 | SH |  | SOLE |  | 1025938 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 8659049 | 27258 | SH |  | SOLE |  | 27258 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 6913099 | 23554 | SH |  | SOLE |  | 23554 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 33665513 | 7847 | SH |  | SOLE |  | 7847 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 51443243 | 317218 | SH |  | SOLE |  | 317218 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 858199 | 17021 | SH |  | SOLE |  | 17021 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 45018414 | 872619 | SH |  | SOLE |  | 872619 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1336735 | 17677 | SH |  | SOLE |  | 17677 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 185373 | 159 | SH |  | SOLE |  | 159 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 39954598 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2783617 | 61721 | SH |  | SOLE |  | 61721 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 101182737 | 306698 | SH |  | SOLE |  | 306698 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2939597 | 18657 | SH |  | SOLE |  | 18657 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 5280377 | 39882 | SH |  | SOLE |  | 39882 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 6527709 | 22646 | SH |  | SOLE |  | 22646 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2375228 | 66889 | SH |  | SOLE |  | 66889 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 163336 | 465 | SH |  | SOLE |  | 465 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 199825 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 5627984 | 11795 | SH |  | SOLE |  | 11795 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | N CL A | 16119P108 |  | 3364534 | 12230 | SH |  | SOLE |  | 12230 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2334996 | 9937 | SH |  | SOLE |  | 9937 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 68225885 | 439345 | SH |  | SOLE |  | 439345 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 41663470 | 608937 | SH |  | SOLE |  | 608937 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 150250 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 2114333 | 39773 | SH |  | SOLE |  | 39773 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5405654 | 172045 | SH |  | SOLE |  | 172045 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 69327293 | 718492 | SH |  | SOLE |  | 718492 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 147829 | 350 | SH |  | SOLE |  | 350 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 5419103 | 40785 | SH |  | SOLE |  | 40785 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 125289 | 274 | SH |  | SOLE |  | 274 | 0 | 0 |
| DELTA AIR LINES INC | DEL COM NEW | 247361702 |  | 12977874 | 228685 | SH |  | SOLE |  | 228685 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 3093169 | 17892 | SH |  | SOLE |  | 17892 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2858034 | 24961 | SH |  | SOLE |  | 24961 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 17613533 | 244327 | SH |  | SOLE |  | 244327 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 7104279 | 68740 | SH |  | SOLE |  | 68740 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 65230098 | 1066374 | SH |  | SOLE |  | 1066374 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 220549 | 1322 | SH |  | SOLE |  | 1322 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 8944660 | 98347 | SH |  | SOLE |  | 98347 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 181569 | 663 | SH |  | SOLE |  | 663 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 111133 | 1429 | SH |  | SOLE |  | 1429 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 3228007 | 16004 | SH |  | SOLE |  | 16004 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 8874015 | 13662 | SH |  | SOLE |  | 13662 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 63228891 | 482001 | SH |  | SOLE |  | 482001 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 2688080 | 3432 | SH |  | SOLE |  | 3432 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 6431033 | 126645 | SH |  | SOLE |  | 126645 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 3668628 | 29926 | SH |  | SOLE |  | 29926 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57364625 | 78113 | SH |  | SOLE |  | 78113 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 8571312 | 38240 | SH |  | SOLE |  | 38240 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 6894620 | 104559 | SH |  | SOLE |  | 104559 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 982682 | 4456 | SH |  | SOLE |  | 4456 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 130477 | 1012 | SH |  | SOLE |  | 1012 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 64447927 | 1382706 | SH |  | SOLE |  | 1382706 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 67499655 | 608105 | SH |  | SOLE |  | 608105 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2373508 | 5569 | SH |  | SOLE |  | 5569 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 7590967 | 222218 | SH |  | SOLE |  | 222218 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 5836397 | 214337 | SH |  | SOLE |  | 214337 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 2618179 | 19628 | SH |  | SOLE |  | 19628 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 2386511 | 124622 | SH |  | SOLE |  | 124622 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 127385 | 491 | SH |  | SOLE |  | 491 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 4181815 | 61962 | SH |  | SOLE |  | 61962 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 11267118 | 27807 | SH |  | SOLE |  | 27807 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 33582998 | 171141 | SH |  | SOLE |  | 171141 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 2794433 | 6494 | SH |  | SOLE |  | 6494 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 5395405 | 20738 | SH |  | SOLE |  | 20738 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 4991009 | 7812 | SH |  | SOLE |  | 7812 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 8907562 | 34160 | SH |  | SOLE |  | 34160 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1682318 | 103400 | SH |  | SOLE |  | 103400 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 17756611 | 62931 | SH |  | SOLE |  | 62931 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 222629 | 326 | SH |  | SOLE |  | 326 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3304555 | 17822 | SH |  | SOLE |  | 17822 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 31442269 | 29151 | SH |  | SOLE |  | 29151 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 39249380 | 1538588 | SH |  | SOLE |  | 1538588 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 14921459 | 119986 | SH |  | SOLE |  | 119986 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 6217089 | 92228 | SH |  | SOLE |  | 92228 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 1974848 | 5936 | SH |  | SOLE |  | 5936 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 72446001 | 237209 | SH |  | SOLE |  | 237209 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 26256585 | 196091 | SH |  | SOLE |  | 196091 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 9063702 | 17122 | SH |  | SOLE |  | 17122 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 55901958 | 73266 | SH |  | SOLE |  | 73266 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 255582 | 1017 | SH |  | SOLE |  | 1017 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 50600799 | 256051 | SH |  | SOLE |  | 256051 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 4568131 | 23701 | SH |  | SOLE |  | 23701 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 61275057 | 107725 | SH |  | SOLE |  | 107725 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3319694 | 10924 | SH |  | SOLE |  | 10924 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2133626 | 913 | SH |  | SOLE |  | 913 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 88592563 | 1055553 | SH |  | SOLE |  | 1055553 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 127671 | 104 | SH |  | SOLE |  | 104 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 149550811 | 288736 | SH |  | SOLE |  | 288736 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 163967 | 2436 | SH |  | SOLE |  | 2436 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 124361 | 261 | SH |  | SOLE |  | 261 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3919000 | 24654 | SH |  | SOLE |  | 24654 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 2233635 | 278 | SH |  | SOLE |  | 278 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 57524873 | 650366 | SH |  | SOLE |  | 650366 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 11112259 | 93806 | SH |  | SOLE |  | 93806 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 33814340 | 28204 | SH |  | SOLE |  | 28204 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 2056988 | 14653 | SH |  | SOLE |  | 14653 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 159683 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 5348307 | 188387 | SH |  | SOLE |  | 188387 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 191102699 | 1024240 | SH |  | SOLE |  | 1024240 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 30660785 | 109020 | SH |  | SOLE |  | 109020 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 4899678 | 24385 | SH |  | SOLE |  | 24385 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 70096072 | 666883 | SH |  | SOLE |  | 666883 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 76435246 | 777413 | SH |  | SOLE |  | 777413 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 42486738 | 208657 | SH |  | SOLE |  | 208657 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 11611908 | 173157 | SH |  | SOLE |  | 173157 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 2547301 | 18138 | SH |  | SOLE |  | 18138 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 40378513 | 1584714 | SH |  | SOLE |  | 1584714 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 2394088 | 17601 | SH |  | SOLE |  | 17601 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 144263 | 1740 | SH |  | SOLE |  | 1740 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1282363 | 8346 | SH |  | SOLE |  | 8346 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 4524865 | 18323 | SH |  | SOLE |  | 18323 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 178079 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 176047 | 1697 | SH |  | SOLE |  | 1697 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 69860713 | 404755 | SH |  | SOLE |  | 404755 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 54348834 | 2061010 | SH |  | SOLE |  | 2061010 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 37762561 | 75722 | SH |  | SOLE |  | 75722 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2608279 | 5359 | SH |  | SOLE |  | 5359 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 6992685 | 29505 | SH |  | SOLE |  | 29505 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 168982 | 1770 | SH |  | SOLE |  | 1770 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 69262015 | 769749 | SH |  | SOLE |  | 769749 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 233751 | 254 | SH |  | SOLE |  | 254 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 28982715 | 58742 | SH |  | SOLE |  | 58742 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 2251219 | 31685 | SH |  | SOLE |  | 31685 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 5143450 | 62466 | SH |  | SOLE |  | 62466 | 0 | 0 |
| TJX COS INC | NEW COM | 872540109 |  | 45599768 | 315482 | SH |  | SOLE |  | 315482 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 31528581 | 156113 | SH |  | SOLE |  | 156113 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 46530684 | 194380 | SH |  | SOLE |  | 194380 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 11977631 | 42886 | SH |  | SOLE |  | 42886 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 3395952 | 37859 | SH |  | SOLE |  | 37859 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 198428 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 18855153 | 38875 | SH |  | SOLE |  | 38875 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 167750 | 1081 | SH |  | SOLE |  | 1081 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 54468096 | 957765 | SH |  | SOLE |  | 957765 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 141285 | 506 | SH |  | SOLE |  | 506 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 7695104 | 94245 | SH |  | SOLE |  | 94245 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 3176256 | 31734 | SH |  | SOLE |  | 31734 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 30497473 | 311294 | SH |  | SOLE |  | 311294 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 8360354 | 15291 | SH |  | SOLE |  | 15291 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 82461444 | 1391050 | SH |  | SOLE |  | 1391050 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2394192 | 10129 | SH |  | SOLE |  | 10129 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 124106 | 130 | SH |  | SOLE |  | 130 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 60267971 | 174538 | SH |  | SOLE |  | 174538 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3248731 | 19081 | SH |  | SOLE |  | 19081 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 8852057 | 201412 | SH |  | SOLE |  | 201412 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 52172764 | 152829 | SH |  | SOLE |  | 152829 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 2143941 | 7151 | SH |  | SOLE |  | 7151 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 175646 | 986 | SH |  | SOLE |  | 986 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 10942869 | 91145 | SH |  | SOLE |  | 91145 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 48986106 | 1976043 | SH |  | SOLE |  | 1976043 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 4604997 | 23561 | SH |  | SOLE |  | 23561 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 109630 | 1113 | SH |  | SOLE |  | 1113 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 6748571 | 46122 | SH |  | SOLE |  | 46122 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 2045479 | 6826 | SH |  | SOLE |  | 6826 | 0 | 0 |

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