# EDGAR Filing Document

**Accession Number:** 0001985486
**File Stem:** 0001172661-25-003377
**Filing Date:** 2025-8
**Character Count:** 18878
**Document Hash:** 335f78836290db4ce9df6edbef1fdaa0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003377.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001172661-25-003377

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ilex Capital Partners (UK) LLP
- **CENTRAL INDEX KEY:** 0001985486

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23814
- **FILM NUMBER:** 251216166

**BUSINESS ADDRESS:**
- **STREET 1:** THE KENSINGTON BUILDING
- **STREET 2:** 1 WRIGHTS LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W8 5RY
- **BUSINESS PHONE:** 442031482298

**MAIL ADDRESS:**
- **STREET 1:** THE KENSINGTON BUILDING
- **STREET 2:** 1 WRIGHTS LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W8 5RY

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ilex Capital Partners (UK) LLC
- **DATE OF NAME CHANGE:** 20230713

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Ilex Capital Partners (UK) LLP<br>**Address:** The Kensington Building<br>1 Wrights Lane<br>London, X0 W8 5RY

**Form 13F File Number:** 028-23814

**CRD Number (if applicable):** 000326508

**SEC File Number (if applicable):** 802-128546

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:** Driton Bilali<br>**Title:** Chief Compliance Officer<br>**Phone:** 44-203-148-2298

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

/s/ Driton Bilali  London, X0  08-13-2025<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:** 0

**Form 13F Information Table Entry Total:** 156

**Form 13F Information Table Value Total:** $3021211863

      (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 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 |  | 699351 | 30822 | SH |  | SOLE |  | 30822 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 40234181 | 134612 | SH |  | SOLE |  | 134612 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 574849 | 12365 | SH |  | SOLE |  | 12365 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 29657675 | 287492 | SH |  | SOLE |  | 287492 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 96684413 | 819290 | SH |  | SOLE |  | 819290 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 1336915 | 145475 | SH |  | SOLE |  | 145475 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 2019525 | 27642 | SH |  | SOLE |  | 27642 | 0 | 0 |
| AIRO GROUP HLDGS INC | COM | 009422106 |  | 18750000 | 778978 | SH |  | SOLE |  | 778978 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 1243493 | 57810 | SH |  | SOLE |  | 57810 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 52439224 | 594610 | SH |  | SOLE |  | 594610 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 2042413 | 14682 | SH |  | SOLE |  | 14682 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 1207177 | 66002 | SH |  | SOLE |  | 66002 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2048553 | 11190 | SH |  | SOLE |  | 11190 | 0 | 0 |
| ARAMARK | COM | 03852U106 |  | 52141632 | 1245322 | SH |  | SOLE |  | 1245322 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 75207188 | 2598728 | SH |  | SOLE |  | 2598728 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC | COM NEW | 642045108 |  | 940473 | 70342 | SH |  | SOLE |  | 70342 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 2653004 | 17215 | SH |  | SOLE |  | 17215 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 485174 | 2870 | SH |  | SOLE |  | 2870 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 60571430 | 2040129 | SH |  | SOLE |  | 2040129 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 29171968 | 120885 | SH |  | SOLE |  | 120885 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 15206606 | 223857 | SH |  | SOLE |  | 223857 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 20251075 | 96650 | SH |  | SOLE |  | 96650 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 885834 | 8507 | SH |  | SOLE |  | 8507 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 71583508 | 891673 | SH |  | SOLE |  | 891673 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 848526 | 1780 | SH |  | SOLE |  | 1780 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 1521605 | 4075 | SH |  | SOLE |  | 4075 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 55966473 | 1206434 | SH |  | SOLE |  | 1206434 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 11494823 | 51954 | SH |  | SOLE |  | 51954 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1941943 | 13562 | SH |  | SOLE |  | 13562 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 835425 | 30357 | SH |  | SOLE |  | 30357 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 |  | 570662 | 132712 | SH |  | SOLE |  | 132712 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 62369762 | 686136 | SH |  | SOLE |  | 686136 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 |  | 741027 | 14020 | SH |  | SOLE |  | 14020 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1841196 | 20517 | SH |  | SOLE |  | 20517 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1460924 | 57562 | SH |  | SOLE |  | 57562 | 0 | 0 |
| CRANE NXT CO | COM | 224441105 |  | 732285 | 13586 | SH |  | SOLE |  | 13586 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 44858595 | 436665 | SH |  | SOLE |  | 436665 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 14481673 | 35592 | SH |  | SOLE |  | 35592 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 1080768 | 7587 | SH |  | SOLE |  | 7587 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 914596 | 7460 | SH |  | SOLE |  | 7460 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 804323 | 1925 | SH |  | SOLE |  | 1925 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1896811 | 33560 | SH |  | SOLE |  | 33560 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 140149878 | 2043299 | SH |  | SOLE |  | 2043299 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 42547166 | 569879 | SH |  | SOLE |  | 569879 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 105465172 | 4656299 | SH |  | SOLE |  | 4656299 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1325187 | 3407 | SH |  | SOLE |  | 3407 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 484920 | 12230 | SH |  | SOLE |  | 12230 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1980383 | 16557 | SH |  | SOLE |  | 16557 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 693312 | 13822 | SH |  | SOLE |  | 13822 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 626088 | 9855 | SH |  | SOLE |  | 9855 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2143603 | 19885 | SH |  | SOLE |  | 19885 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 96391968 | 197347 | SH |  | SOLE |  | 197347 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 7698578 | 144905 | SH |  | SOLE |  | 144905 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 571113 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 1719688 | 107615 | SH |  | SOLE |  | 107615 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 192520798 | 673715 | SH |  | SOLE |  | 673715 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 52679482 | 1261784 | SH |  | SOLE |  | 1261784 | 0 | 0 |
| FRESHPET INC | COM | 358039105 |  | 1561517 | 22977 | SH |  | SOLE |  | 22977 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 516946 | 21195 | SH |  | SOLE |  | 21195 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 4340625 | 16864 | SH |  | SOLE |  | 16864 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 44745835 | 604102 | SH |  | SOLE |  | 604102 | 0 | 0 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 969401 | 25377 | SH |  | SOLE |  | 25377 | 0 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 1478524 | 70172 | SH |  | SOLE |  | 70172 | 0 | 0 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 590012 | 47505 | SH |  | SOLE |  | 47505 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1659543 | 81430 | SH |  | SOLE |  | 81430 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 870061 | 36867 | SH |  | SOLE |  | 36867 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1464208 | 3822 | SH |  | SOLE |  | 3822 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 1322988 | 7343 | SH |  | SOLE |  | 7343 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 1271216 | 17402 | SH |  | SOLE |  | 17402 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 1259005 | 51472 | SH |  | SOLE |  | 51472 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 1431477 | 3505 | SH |  | SOLE |  | 3505 | 0 | 0 |
| IDACORP INC | COM | 451107106 |  | 1070452 | 9272 | SH |  | SOLE |  | 9272 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 14704494 | 154119 | SH |  | SOLE |  | 154119 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 212089589 | 2883611 | SH |  | SOLE |  | 2883611 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 554012 | 18363 | SH |  | SOLE |  | 18363 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 149882800 | 4533660 | SH |  | SOLE |  | 4533660 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 577717 | 68127 | SH |  | SOLE |  | 68127 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 1330735 | 18552 | SH |  | SOLE |  | 18552 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 922412 | 17790 | SH |  | SOLE |  | 17790 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 707661 | 14445 | SH |  | SOLE |  | 14445 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 39925058 | 494122 | SH |  | SOLE |  | 494122 | 0 | 0 |
| LAZARD INC | COM | 52110M109 |  | 280539 | 5847 | SH |  | SOLE |  | 5847 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 510233 | 5372 | SH |  | SOLE |  | 5372 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 10435255 | 1042483 | SH |  | SOLE |  | 1042483 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 |  | 13755654 | 1334205 | SH |  | SOLE |  | 1334205 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 85591569 | 182428 | SH |  | SOLE |  | 182428 | 0 | 0 |
| LINEAGE INC | COM | 53566V106 |  | 764951 | 17577 | SH |  | SOLE |  | 17577 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 547408 | 259435 | SH |  | SOLE |  | 259435 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 821855 | 70485 | SH |  | SOLE |  | 70485 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1489508 | 8967 | SH |  | SOLE |  | 8967 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 1682369 | 35255 | SH |  | SOLE |  | 35255 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 578742 | 134279 | SH |  | SOLE |  | 134279 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 158355594 | 2348096 | SH |  | SOLE |  | 2348096 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 37343226 | 1023663 | SH |  | SOLE |  | 1023663 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 455034 | 13677 | SH |  | SOLE |  | 13677 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 1467020 | 17255 | SH |  | SOLE |  | 17255 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 872586 | 2145 | SH |  | SOLE |  | 2145 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 497990 | 149997 | SH |  | SOLE |  | 149997 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 1283002 | 22022 | SH |  | SOLE |  | 22022 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 906777 | 5243 | SH |  | SOLE |  | 5243 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 56506992 | 795425 | SH |  | SOLE |  | 795425 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 1415839 | 113905 | SH |  | SOLE |  | 113905 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1725771 | 41080 | SH |  | SOLE |  | 41080 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 50475904 | 2512489 | SH |  | SOLE |  | 2512489 | 0 | 0 |
| OMADA HEALTH INC | COM | 68170A108 |  | 200550 | 10959 | SH |  | SOLE |  | 10959 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 865027 | 16505 | SH |  | SOLE |  | 16505 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 790977 | 11021 | SH |  | SOLE |  | 11021 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 16259655 | 218779 | SH |  | SOLE |  | 218779 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 2216952 | 16790 | SH |  | SOLE |  | 16790 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1709242 | 125495 | SH |  | SOLE |  | 125495 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 57375139 | 315023 | SH |  | SOLE |  | 315023 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 857994 | 19075 | SH |  | SOLE |  | 19075 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 2121781 | 23715 | SH |  | SOLE |  | 23715 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 556377 | 13687 | SH |  | SOLE |  | 13687 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 1318947 | 4525 | SH |  | SOLE |  | 4525 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1907805 | 19770 | SH |  | SOLE |  | 19770 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 110468824 | 693377 | SH |  | SOLE |  | 693377 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1305932 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 39305526 | 152347 | SH |  | SOLE |  | 152347 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 1167339 | 28437 | SH |  | SOLE |  | 28437 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 498597 | 35162 | SH |  | SOLE |  | 35162 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 1396578 | 7853 | SH |  | SOLE |  | 7853 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 63851969 | 581318 | SH |  | SOLE |  | 581318 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1788865 | 52925 | SH |  | SOLE |  | 52925 | 0 | 0 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 |  | 389926 | 16146 | SH |  | SOLE |  | 16146 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 1030945 | 9155 | SH |  | SOLE |  | 9155 | 0 | 0 |
| SENTINELONE INC | CL A | 81730H109 |  | 14238237 | 778897 | SH |  | SOLE |  | 778897 | 0 | 0 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 2257428 | 22777 | SH |  | SOLE |  | 22777 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 199700993 | 2033615 | SH |  | SOLE |  | 2033615 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 2727535 | 29702 | SH |  | SOLE |  | 29702 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1011700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 989451 | 49300 | SH |  | SOLE |  | 49300 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 52876741 | 133652 | SH |  | SOLE |  | 133652 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 540825 | 11035 | SH |  | SOLE |  | 11035 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1741793 | 22997 | SH |  | SOLE |  | 22997 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1143354 | 11590 | SH |  | SOLE |  | 11590 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1132688 | 8347 | SH |  | SOLE |  | 8347 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 776447 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 1916238 | 62520 | SH |  | SOLE |  | 62520 | 0 | 0 |
| THOR INDS INC | COM | 885160101 |  | 846093 | 9527 | SH |  | SOLE |  | 9527 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 1791000 | 7517 | SH |  | SOLE |  | 7517 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 10250566 | 231442 | SH |  | SOLE |  | 231442 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 4268436 | 2807 | SH |  | SOLE |  | 2807 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 1300777 | 35716 | SH |  | SOLE |  | 35716 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1034181 | 3315 | SH |  | SOLE |  | 3315 | 0 | 0 |
| UWM HOLDINGS CORPORATION | COM CL A | 91823B109 |  | 614649 | 148466 | SH |  | SOLE |  | 148466 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1721517 | 12807 | SH |  | SOLE |  | 12807 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 20622014 | 58082 | SH |  | SOLE |  | 58082 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 1239627 | 2807 | SH |  | SOLE |  | 2807 | 0 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 954381 | 18970 | SH |  | SOLE |  | 18970 | 0 | 0 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 20771715 | 273564 | SH |  | SOLE |  | 273564 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 975153 | 9615 | SH |  | SOLE |  | 9615 | 0 | 0 |
| WOLFSPEED INC | COM | 977852102 |  | 265480 | 665697 | SH |  | SOLE |  | 665697 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 12244600 | 150777 | SH |  | SOLE |  | 150777 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 941113 | 7452 | SH |  | SOLE |  | 7452 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 10527664 | 33534 | SH |  | SOLE |  | 33534 | 0 | 0 |

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