# EDGAR Filing Document

**Accession Number:** 0001572838
**File Stem:** 0001572838-25-000012
**Filing Date:** 2025-11
**Character Count:** 51649
**Document Hash:** 745d6cdf6322e343f8f00c3261969060
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572838-25-000012.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001572838-25-000012

**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:** Empirical Finance, LLC
- **CENTRAL INDEX KEY:** 0001572838

**ORGANIZATION NAME:**
- **EIN:** 273001230
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17745
- **FILM NUMBER:** 251476077

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 2158829983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

### 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:** Empirical Finance LLC<br>**Address:** 3803 WEST CHESTER PIKE<br>SUITE 150<br>NEWTOWN SQUARE, PA 19073

**Form 13F File Number:** 028-17745

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:** Brian Massaro<br>**Title:** Chief Data Officer<br>**Phone:** 12158829983

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

Brian Massaro  Whitefish Bay, WI  11-12-2025<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:** 506

**Form 13F Information Table Value Total:** $2100398754

      (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 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1346905 | 10494 | SH |  | SOLE |  | 10494 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 1227422 | 37319 | SH |  | SOLE |  | 37319 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 234714 | 20882 | SH |  | SOLE |  | 20882 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 134041306 | 526416 | SH |  | SOLE |  | 526416 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L508 |  | 7812825 | 271706 | SH |  | SOLE |  | 271706 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 14323527 | 61862 | SH |  | SOLE |  | 61862 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 411007 | 3385 | SH |  | SOLE |  | 3385 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 8211058 | 61304 | SH |  | SOLE |  | 61304 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1771684 | 12816 | SH |  | SOLE |  | 12816 | 0 | 0 |
| ADAPTIMMUNE THERAPEUTICS PLC | SPONDS ADS | 00653A107 |  | 104000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 5652466 | 16024 | SH |  | SOLE |  | 16024 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4345696 | 17687 | SH |  | SOLE |  | 17687 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1145813 | 19180 | SH |  | SOLE |  | 19180 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4278937 | 14579 | SH |  | SOLE |  | 14579 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 2406986 | 7577 | SH |  | SOLE |  | 7577 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 1015542 | 116595 | SH |  | SOLE |  | 116595 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 964262 | 9238 | SH |  | SOLE |  | 9238 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2049188 | 18215 | SH |  | SOLE |  | 18215 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 276307 | 20996 | SH |  | SOLE |  | 20996 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 2182730 | 19541 | SH |  | SOLE |  | 19541 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 2750673 | 16375 | SH |  | SOLE |  | 16375 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2003791 | 25513 | SH |  | SOLE |  | 25513 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 428651 | 1979 | SH |  | SOLE |  | 1979 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 422892 | 5582 | SH |  | SOLE |  | 5582 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 349617 | 4312 | SH |  | SOLE |  | 4312 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 326574 | 2608 | SH |  | SOLE |  | 2608 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2043039 | 9518 | SH |  | SOLE |  | 9518 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 432294 | 5093 | SH |  | SOLE |  | 5093 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 6088968 | 29740 | SH |  | SOLE |  | 29740 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 601998 | 72182 | SH |  | SOLE |  | 72182 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 9153431 | 56576 | SH |  | SOLE |  | 56576 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 1536524 | 8173 | SH |  | SOLE |  | 8173 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 5378732 | 19060 | SH |  | SOLE |  | 19060 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1815660 | 3696 | SH |  | SOLE |  | 3696 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 75682705 | 344686 | SH |  | SOLE |  | 344686 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 4855057 | 33320 | SH |  | SOLE |  | 33320 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 341724 | 4655 | SH |  | SOLE |  | 4655 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 295925 | 12188 | SH |  | SOLE |  | 12188 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2141943 | 7854 | SH |  | SOLE |  | 7854 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 5180546 | 41863 | SH |  | SOLE |  | 41863 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 1666800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ATN INTL INC | COM | 00215F107 |  | 989143 | 66075 | SH |  | SOLE |  | 66075 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 847262 | 4962 | SH |  | SOLE |  | 4962 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 414079 | 4651 | SH |  | SOLE |  | 4651 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 49399074 | 149735 | SH |  | SOLE |  | 149735 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 481321 | 2968 | SH |  | SOLE |  | 2968 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 949554 | 6822 | SH |  | SOLE |  | 6822 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 5905692 | 69766 | SH |  | SOLE |  | 69766 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 844662 | 1177 | SH |  | SOLE |  | 1177 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 6874383 | 20696 | SH |  | SOLE |  | 20696 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 3689606 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4352428 | 20166 | SH |  | SOLE |  | 20166 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 12625672 | 244731 | SH |  | SOLE |  | 244731 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 575292 | 11410 | SH |  | SOLE |  | 11410 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 418444 | 18377 | SH |  | SOLE |  | 18377 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 544615 | 7202 | SH |  | SOLE |  | 7202 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1908947 | 10199 | SH |  | SOLE |  | 10199 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 250243 | 10819 | SH |  | SOLE |  | 10819 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 740463 | 5286 | SH |  | SOLE |  | 5286 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2889837 | 26522 | SH |  | SOLE |  | 26522 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 6997454 | 1296 | SH |  | SOLE |  | 1296 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 2223824 | 45645 | SH |  | SOLE |  | 45645 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 5915624 | 5074 | SH |  | SOLE |  | 5074 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3326351 | 73755 | SH |  | SOLE |  | 73755 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072Q408 |  | 523097 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 2325818 | 20427 | SH |  | SOLE |  | 20427 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 978879 | 4110 | SH |  | SOLE |  | 4110 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 26057517 | 51831 | SH |  | SOLE |  | 51831 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 4937735 | 50576 | SH |  | SOLE |  | 50576 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 378671 | 8614 | SH |  | SOLE |  | 8614 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 929082 | 5438 | SH |  | SOLE |  | 5438 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 6929913 | 68275 | SH |  | SOLE |  | 68275 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 3225124 | 177987 | SH |  | SOLE |  | 177987 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 317514 | 17341 | SH |  | SOLE |  | 17341 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1432574 | 9127 | SH |  | SOLE |  | 9127 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 958126 | 10182 | SH |  | SOLE |  | 10182 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L516 |  | 17194634 | 192048 | SH |  | SOLE |  | 192048 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 1760135 | 29483 | SH |  | SOLE |  | 29483 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 9504351 | 19919 | SH |  | SOLE |  | 19919 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 930724 | 3795 | SH |  | SOLE |  | 3795 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1722131 | 10930 | SH |  | SOLE |  | 10930 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 943588 | 9769 | SH |  | SOLE |  | 9769 | 0 | 0 |
| CENTURY CMNTYS INC | COM | 156504300 |  | 1819036 | 28705 | SH |  | SOLE |  | 28705 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 3343995 | 9520 | SH |  | SOLE |  | 9520 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 734918 | 4614 | SH |  | SOLE |  | 4614 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3694798 | 11228 | SH |  | SOLE |  | 11228 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 624850 | 6966 | SH |  | SOLE |  | 6966 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 884529 | 16639 | SH |  | SOLE |  | 16639 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 765536 | 8736 | SH |  | SOLE |  | 8736 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 582957 | 4403 | SH |  | SOLE |  | 4403 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 1718856 | 6248 | SH |  | SOLE |  | 6248 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 3932883 | 13644 | SH |  | SOLE |  | 13644 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 885360 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2350876 | 29408 | SH |  | SOLE |  | 29408 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 549671 | 4458 | SH |  | SOLE |  | 4458 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 279425 | 4078 | SH |  | SOLE |  | 4078 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5007060 | 159359 | SH |  | SOLE |  | 159359 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 3421146 | 12662 | SH |  | SOLE |  | 12662 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1889232 | 48207 | SH |  | SOLE |  | 48207 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2097067 | 4965 | SH |  | SOLE |  | 4965 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 768424 | 10489 | SH |  | SOLE |  | 10489 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 994402 | 27870 | SH |  | SOLE |  | 27870 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 978996 | 90230 | SH |  | SOLE |  | 90230 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 751168 | 19360 | SH |  | SOLE |  | 19360 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 4921405 | 23151 | SH |  | SOLE |  | 23151 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 485953 | 7088 | SH |  | SOLE |  | 7088 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4545325 | 48053 | SH |  | SOLE |  | 48053 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1781108 | 5699 | SH |  | SOLE |  | 5699 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 14369480 | 15524 | SH |  | SOLE |  | 15524 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 4616157 | 38850 | SH |  | SOLE |  | 38850 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 744347 | 2584 | SH |  | SOLE |  | 2584 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 234703 | 7432 | SH |  | SOLE |  | 7432 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 1332776 | 29637 | SH |  | SOLE |  | 29637 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 230309 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 7997328 | 33744 | SH |  | SOLE |  | 33744 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 493386 | 16891 | SH |  | SOLE |  | 16891 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 758049 | 9073 | SH |  | SOLE |  | 9073 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 1203661 | 9607 | SH |  | SOLE |  | 9607 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 550206 | 1122 | SH |  | SOLE |  | 1122 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 10372198 | 151596 | SH |  | SOLE |  | 151596 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 719676 | 8530 | SH |  | SOLE |  | 8530 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2567444 | 72302 | SH |  | SOLE |  | 72302 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2501093 | 12185 | SH |  | SOLE |  | 12185 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 595318 | 25172 | SH |  | SOLE |  | 25172 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1208266 | 18015 | SH |  | SOLE |  | 18015 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 1701503 | 25159 | SH |  | SOLE |  | 25159 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 4089003 | 54238 | SH |  | SOLE |  | 54238 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 12282201 | 79092 | SH |  | SOLE |  | 79092 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1807879 | 29555 | SH |  | SOLE |  | 29555 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1288679 | 22708 | SH |  | SOLE |  | 22708 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 295331 | 4287 | SH |  | SOLE |  | 4287 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1298671 | 16671 | SH |  | SOLE |  | 16671 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 4317449 | 9442 | SH |  | SOLE |  | 9442 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 922264 | 9098 | SH |  | SOLE |  | 9098 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 346769 | 2446 | SH |  | SOLE |  | 2446 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1058223 | 11089 | SH |  | SOLE |  | 11089 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 841062 | 8138 | SH |  | SOLE |  | 8138 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 786333 | 4126 | SH |  | SOLE |  | 4126 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1854002 | 10940 | SH |  | SOLE |  | 10940 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 4561963 | 23010 | SH |  | SOLE |  | 23010 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 7331435 | 64030 | SH |  | SOLE |  | 64030 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 579772 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 723535 | 7667 | SH |  | SOLE |  | 7667 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 839155 | 5030 | SH |  | SOLE |  | 5030 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 576919 | 25160 | SH |  | SOLE |  | 25160 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 836823 | 4396 | SH |  | SOLE |  | 4396 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 1026075 | 7255 | SH |  | SOLE |  | 7255 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 3889339 | 31429 | SH |  | SOLE |  | 31429 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 279824 | 2106 | SH |  | SOLE |  | 2106 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 965097 | 27527 | SH |  | SOLE |  | 27527 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 881903 | 13106 | SH |  | SOLE |  | 13106 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1833655 | 9091 | SH |  | SOLE |  | 9091 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1410725 | 15511 | SH |  | SOLE |  | 15511 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 3901559 | 423622 | SH |  | SOLE |  | 423622 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2431329 | 8878 | SH |  | SOLE |  | 8878 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1241925 | 12355 | SH |  | SOLE |  | 12355 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1116932 | 4354 | SH |  | SOLE |  | 4354 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 755512 | 13667 | SH |  | SOLE |  | 13667 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 735714 | 8349 | SH |  | SOLE |  | 8349 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 3101306 | 9598 | SH |  | SOLE |  | 9598 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1443927 | 2223 | SH |  | SOLE |  | 2223 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1047197 | 16609 | SH |  | SOLE |  | 16609 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2663085 | 20301 | SH |  | SOLE |  | 20301 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 2286127 | 20390 | SH |  | SOLE |  | 20390 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 224979 | 1492 | SH |  | SOLE |  | 1492 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 488461 | 8974 | SH |  | SOLE |  | 8974 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 893234 | 12556 | SH |  | SOLE |  | 12556 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 9412174 | 548495 | SH |  | SOLE |  | 548495 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1382753 | 14838 | SH |  | SOLE |  | 14838 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 251618 | 3790 | SH |  | SOLE |  | 3790 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 620551 | 8163 | SH |  | SOLE |  | 8163 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1673999 | 21525 | SH |  | SOLE |  | 21525 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 1582642 | 35162 | SH |  | SOLE |  | 35162 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 673019 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 1049940 | 4912 | SH |  | SOLE |  | 4912 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1664688 | 139188 | SH |  | SOLE |  | 139188 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 884787 | 6183 | SH |  | SOLE |  | 6183 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1990239 | 40584 | SH |  | SOLE |  | 40584 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1983708 | 50579 | SH |  | SOLE |  | 50579 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 285058 | 995 | SH |  | SOLE |  | 995 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1937415 | 8216 | SH |  | SOLE |  | 8216 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 866273 | 18906 | SH |  | SOLE |  | 18906 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 695182 | 2151 | SH |  | SOLE |  | 2151 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 2705854 | 20987 | SH |  | SOLE |  | 20987 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1351308 | 20493 | SH |  | SOLE |  | 20493 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1082520 | 24299 | SH |  | SOLE |  | 24299 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 64120 | 19975 | SH |  | SOLE |  | 19975 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 296418 | 5174 | SH |  | SOLE |  | 5174 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 2065089 | 32748 | SH |  | SOLE |  | 32748 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2053575 | 9312 | SH |  | SOLE |  | 9312 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 1273249 | 32275 | SH |  | SOLE |  | 32275 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1862792 | 22155 | SH |  | SOLE |  | 22155 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 609828 | 12448 | SH |  | SOLE |  | 12448 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 900754 | 42111 | SH |  | SOLE |  | 42111 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2758690 | 8090 | SH |  | SOLE |  | 8090 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 11489820 | 38195 | SH |  | SOLE |  | 38195 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 1052827 | 14019 | SH |  | SOLE |  | 14019 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 580916 | 20462 | SH |  | SOLE |  | 20462 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 5394518 | 8773 | SH |  | SOLE |  | 8773 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4892769 | 44079 | SH |  | SOLE |  | 44079 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1042736 | 20681 | SH |  | SOLE |  | 20681 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 468799 | 3279 | SH |  | SOLE |  | 3279 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 691389 | 1945 | SH |  | SOLE |  | 1945 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2239993 | 27307 | SH |  | SOLE |  | 27307 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 4018411 | 65908 | SH |  | SOLE |  | 65908 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 312703 | 1868 | SH |  | SOLE |  | 1868 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 43486827 | 178554 | SH |  | SOLE |  | 178554 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 50320485 | 206995 | SH |  | SOLE |  | 206995 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 710741 | 5128 | SH |  | SOLE |  | 5128 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 787349 | 9477 | SH |  | SOLE |  | 9477 | 0 | 0 |
| GEOPARK LTD | USD SHS | G38327105 |  | 1885335 | 295971 | SH |  | SOLE |  | 295971 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9204213 | 11558 | SH |  | SOLE |  | 11558 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 778405 | 31362 | SH |  | SOLE |  | 31362 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 1521877 | 1597 | SH |  | SOLE |  | 1597 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 780214 | 31716 | SH |  | SOLE |  | 31716 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 362791 | 4783 | SH |  | SOLE |  | 4783 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 837336 | 48485 | SH |  | SOLE |  | 48485 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 3120636 | 7322 | SH |  | SOLE |  | 7322 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 14981900 | 36975 | SH |  | SOLE |  | 36975 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1473960 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 427834 | 1486 | SH |  | SOLE |  | 1486 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 463619 | 1787 | SH |  | SOLE |  | 1787 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 595802 | 8828 | SH |  | SOLE |  | 8828 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4924858 | 23396 | SH |  | SOLE |  | 23396 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 1130202 | 46018 | SH |  | SOLE |  | 46018 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 902566 | 33146 | SH |  | SOLE |  | 33146 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 264693 | 10699 | SH |  | SOLE |  | 10699 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 326408 | 4918 | SH |  | SOLE |  | 4918 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 994919 | 5319 | SH |  | SOLE |  | 5319 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1159318 | 4456 | SH |  | SOLE |  | 4456 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 2648713 | 13498 | SH |  | SOLE |  | 13498 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8967045 | 31780 | SH |  | SOLE |  | 31780 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1537548 | 9126 | SH |  | SOLE |  | 9126 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1903892 | 2980 | SH |  | SOLE |  | 2980 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 427571 | 2627 | SH |  | SOLE |  | 2627 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 497797 | 8089 | SH |  | SOLE |  | 8089 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 551016 | 5802 | SH |  | SOLE |  | 5802 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN MOMNTM | 02072L300 |  | 8311637 | 226820 | SH |  | SOLE |  | 226820 | 0 | 0 |
| IMPERIAL PETE INC | COM NEW | Y3894J187 |  | 73531 | 15383 | SH |  | SOLE |  | 15383 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 556354 | 6560 | SH |  | SOLE |  | 6560 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 878337 | 7193 | SH |  | SOLE |  | 7193 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 4968252 | 148085 | SH |  | SOLE |  | 148085 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 6687055 | 9792 | SH |  | SOLE |  | 9792 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 602550 | 12986 | SH |  | SOLE |  | 12986 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 394089 | 14120 | SH |  | SOLE |  | 14120 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1228152 | 6466 | SH |  | SOLE |  | 6466 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1115866 | 13506 | SH |  | SOLE |  | 13506 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 5642701 | 12617 | SH |  | SOLE |  | 12617 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 741031 | 2819 | SH |  | SOLE |  | 2819 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2543714 | 9755 | SH |  | SOLE |  | 9755 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN VALUE | 02072L201 |  | 11093481 | 367721 | SH |  | SOLE |  | 367721 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 683511 | 4561 | SH |  | SOLE |  | 4561 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 403852 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 1162294 | 5352 | SH |  | SOLE |  | 5352 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 387516 | 2602 | SH |  | SOLE |  | 2602 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 16033082 | 86469 | SH |  | SOLE |  | 86469 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 33252315 | 105419 | SH |  | SOLE |  | 105419 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 655586 | 7993 | SH |  | SOLE |  | 7993 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 528261 | 20708 | SH |  | SOLE |  | 20708 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 633647 | 33903 | SH |  | SOLE |  | 33903 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1075583 | 6149 | SH |  | SOLE |  | 6149 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 708418 | 27205 | SH |  | SOLE |  | 27205 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5250625 | 4868 | SH |  | SOLE |  | 4868 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1490837 | 11990 | SH |  | SOLE |  | 11990 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1953645 | 69009 | SH |  | SOLE |  | 69009 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 259528 | 5784 | SH |  | SOLE |  | 5784 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 9056924 | 136564 | SH |  | SOLE |  | 136564 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 6546927 | 97121 | SH |  | SOLE |  | 97121 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 471855 | 29073 | SH |  | SOLE |  | 29073 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 696807 | 6941 | SH |  | SOLE |  | 6941 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 2100668 | 11117 | SH |  | SOLE |  | 11117 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 1139528 | 9041 | SH |  | SOLE |  | 9041 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 911416 | 3175 | SH |  | SOLE |  | 3175 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2091448 | 6848 | SH |  | SOLE |  | 6848 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 298681 | 9780 | SH |  | SOLE |  | 9780 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 21454034 | 28118 | SH |  | SOLE |  | 28118 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 4560783 | 9136 | SH |  | SOLE |  | 9136 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 612689 | 9089 | SH |  | SOLE |  | 9089 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 5342097 | 21257 | SH |  | SOLE |  | 21257 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 6571276 | 49076 | SH |  | SOLE |  | 49076 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 62577 | 10225 | SH |  | SOLE |  | 10225 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 682523 | 21389 | SH |  | SOLE |  | 21389 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 638057 | 11862 | SH |  | SOLE |  | 11862 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 300912 | 5181 | SH |  | SOLE |  | 5181 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 797065 | 4878 | SH |  | SOLE |  | 4878 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 1431603 | 79844 | SH |  | SOLE |  | 79844 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 16689454 | 29341 | SH |  | SOLE |  | 29341 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 2335105 | 8966 | SH |  | SOLE |  | 8966 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1653180 | 23486 | SH |  | SOLE |  | 23486 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 524658 | 31174 | SH |  | SOLE |  | 31174 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1237584 | 19271 | SH |  | SOLE |  | 19271 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 3755317 | 4861 | SH |  | SOLE |  | 4861 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2656852 | 5576 | SH |  | SOLE |  | 5576 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3000059 | 48024 | SH |  | SOLE |  | 48024 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 2671575 | 5196 | SH |  | SOLE |  | 5196 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1873259 | 22742 | SH |  | SOLE |  | 22742 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57308812 | 78037 | SH |  | SOLE |  | 78037 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 379458 | 10948 | SH |  | SOLE |  | 10948 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 256164 | 1987 | SH |  | SOLE |  | 1987 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 600183 | 8970 | SH |  | SOLE |  | 8970 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 236283 | 1356 | SH |  | SOLE |  | 1356 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1399852 | 2221 | SH |  | SOLE |  | 2221 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3510048 | 17417 | SH |  | SOLE |  | 17417 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 3016078 | 19436 | SH |  | SOLE |  | 19436 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 1296540 | 14190 | SH |  | SOLE |  | 14190 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 1778061 | 26416 | SH |  | SOLE |  | 26416 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 4153192 | 62870 | SH |  | SOLE |  | 62870 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 567191 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| EA SERIES TRUST | RELATIVE SENTIME | 02072L813 |  | 1314536 | 36216 | SH |  | SOLE |  | 36216 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 431142 | 12432 | SH |  | SOLE |  | 12432 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3547958 | 18408 | SH |  | SOLE |  | 18408 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 4249097 | 85067 | SH |  | SOLE |  | 85067 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1295340 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 8140035 | 96986 | SH |  | SOLE |  | 96986 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 242879 | 9403 | SH |  | SOLE |  | 9403 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 9890332 | 62219 | SH |  | SOLE |  | 62219 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 1587046 | 2797 | SH |  | SOLE |  | 2797 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 133014739 | 256810 | SH |  | SOLE |  | 256810 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 2688408 | 5879 | SH |  | SOLE |  | 5879 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1091851 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1363211 | 38596 | SH |  | SOLE |  | 38596 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 982088 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6454369 | 38575 | SH |  | SOLE |  | 38575 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 1128357 | 12757 | SH |  | SOLE |  | 12757 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 304794 | 1343 | SH |  | SOLE |  | 1343 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 5362885 | 71041 | SH |  | SOLE |  | 71041 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4164155 | 49391 | SH |  | SOLE |  | 49391 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 18353067 | 15308 | SH |  | SOLE |  | 15308 | 0 | 0 |
| NATURAL GROCERS BY VITAMIN C | COM | 63888U108 |  | 3011160 | 75279 | SH |  | SOLE |  | 75279 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 636727 | 14705 | SH |  | SOLE |  | 14705 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3022028 | 43339 | SH |  | SOLE |  | 43339 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 3096564 | 5082 | SH |  | SOLE |  | 5082 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 1032811 | 77948 | SH |  | SOLE |  | 77948 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 6256063 | 6798 | SH |  | SOLE |  | 6798 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1330095 | 8213 | SH |  | SOLE |  | 8213 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2459757 | 8188 | SH |  | SOLE |  | 8188 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 903021 | 7623 | SH |  | SOLE |  | 7623 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 997117 | 7408 | SH |  | SOLE |  | 7408 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1223068 | 9031 | SH |  | SOLE |  | 9031 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 160450031 | 859953 | SH |  | SOLE |  | 859953 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 875778 | 109 | SH |  | SOLE |  | 109 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 430186 | 14008 | SH |  | SOLE |  | 14008 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 1269293 | 6419 | SH |  | SOLE |  | 6419 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 1656636 | 22390 | SH |  | SOLE |  | 22390 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 445175 | 3147 | SH |  | SOLE |  | 3147 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 868190 | 6167 | SH |  | SOLE |  | 6167 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 859514 | 11779 | SH |  | SOLE |  | 11779 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 7304035 | 70319 | SH |  | SOLE |  | 70319 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 595006 | 7298 | SH |  | SOLE |  | 7298 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 712382 | 14447 | SH |  | SOLE |  | 14447 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 13071473 | 46478 | SH |  | SOLE |  | 46478 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 3523878 | 32686 | SH |  | SOLE |  | 32686 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1363536 | 10513 | SH |  | SOLE |  | 10513 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1334512 | 14596 | SH |  | SOLE |  | 14596 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1188905 | 25162 | SH |  | SOLE |  | 25162 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 5212487 | 21976 | SH |  | SOLE |  | 21976 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2064910 | 10141 | SH |  | SOLE |  | 10141 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 353838 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1442022 | 11376 | SH |  | SOLE |  | 11376 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1811841 | 18428 | SH |  | SOLE |  | 18428 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 579419 | 38423 | SH |  | SOLE |  | 38423 | 0 | 0 |
| PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 |  | 3449340 | 234649 | SH |  | SOLE |  | 234649 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1481081 | 17746 | SH |  | SOLE |  | 17746 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6780865 | 48283 | SH |  | SOLE |  | 48283 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 5075183 | 199183 | SH |  | SOLE |  | 199183 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 678618 | 8185 | SH |  | SOLE |  | 8185 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 13247088 | 86216 | SH |  | SOLE |  | 86216 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 5060746 | 20493 | SH |  | SOLE |  | 20493 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3430629 | 4525 | SH |  | SOLE |  | 4525 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 1065628 | 8065 | SH |  | SOLE |  | 8065 | 0 | 0 |
| PARKE BANCORP INC | COM | 700885106 |  | 871611 | 40446 | SH |  | SOLE |  | 40446 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 707183 | 3245 | SH |  | SOLE |  | 3245 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 540693 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 8824329 | 54404 | SH |  | SOLE |  | 54404 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2865664 | 14262 | SH |  | SOLE |  | 14262 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 373344 | 4164 | SH |  | SOLE |  | 4164 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 368315 | 1193 | SH |  | SOLE |  | 1193 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 369603 | 1192 | SH |  | SOLE |  | 1192 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 885447 | 8424 | SH |  | SOLE |  | 8424 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 979984 | 26372 | SH |  | SOLE |  | 26372 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1009523 | 78869 | SH |  | SOLE |  | 78869 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1351421 | 13027 | SH |  | SOLE |  | 13027 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 348601 | 18425 | SH |  | SOLE |  | 18425 | 0 | 0 |
| PRICESMART INC | COM | 741511109 |  | 2378111 | 19623 | SH |  | SOLE |  | 19623 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 2128849 | 15651 | SH |  | SOLE |  | 15651 | 0 | 0 |
| PACER FDS TR | TRENDPILOT INTL | 69374H683 |  | 5883117 | 193079 | SH |  | SOLE |  | 193079 | 0 | 0 |
| PACER FDS TR | TRENDP US MID CP | 69374H204 |  | 1733598 | 48411 | SH |  | SOLE |  | 48411 | 0 | 0 |
| PACER FDS TR | TRENDPILOT 100 | 69374H303 |  | 3671201 | 47352 | SH |  | SOLE |  | 47352 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 2105668 | 5081 | SH |  | SOLE |  | 5081 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2587980 | 38592 | SH |  | SOLE |  | 38592 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 5394722 | 32428 | SH |  | SOLE |  | 32428 | 0 | 0 |
| EA SERIES TRUST | US QUAN MOMENTUM | 02072L409 |  | 9814751 | 152306 | SH |  | SOLE |  | 152306 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7322713 | 12197 | SH |  | SOLE |  | 12197 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 312222 | 3428 | SH |  | SOLE |  | 3428 | 0 | 0 |
| EA SERIES TRUST | US QUAN VALUE | 02072L102 |  | 19997829 | 428678 | SH |  | SOLE |  | 428678 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1082932 | 1926 | SH |  | SOLE |  | 1926 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 888379 | 33689 | SH |  | SOLE |  | 33689 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 1120174 | 6490 | SH |  | SOLE |  | 6490 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 485704 | 1549 | SH |  | SOLE |  | 1549 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 1417100 | 5177 | SH |  | SOLE |  | 5177 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1433073 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 511567 | 8709 | SH |  | SOLE |  | 8709 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1874077 | 3758 | SH |  | SOLE |  | 3758 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1850319 | 12142 | SH |  | SOLE |  | 12142 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1675892 | 7303 | SH |  | SOLE |  | 7303 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 8265767 | 49398 | SH |  | SOLE |  | 49398 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 390305 | 4453 | SH |  | SOLE |  | 4453 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3416656 | 40386 | SH |  | SOLE |  | 40386 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 4892647 | 51248 | SH |  | SOLE |  | 51248 | 0 | 0 |
| SEAPORT ENTMT GROUP INC | COMMON STOCK | 812215200 |  | 227710 | 9935 | SH |  | SOLE |  | 9935 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2891964 | 8352 | SH |  | SOLE |  | 8352 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 419087 | 3859 | SH |  | SOLE |  | 3859 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 946391 | 27535 | SH |  | SOLE |  | 27535 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 469668 | 9797 | SH |  | SOLE |  | 9797 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1842153 | 5316 | SH |  | SOLE |  | 5316 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 408408 | 3640 | SH |  | SOLE |  | 3640 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 308852 | 626 | SH |  | SOLE |  | 626 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1358961 | 8299 | SH |  | SOLE |  | 8299 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3616328 | 38159 | SH |  | SOLE |  | 38159 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 371935 | 5095 | SH |  | SOLE |  | 5095 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 5178108 | 10639 | SH |  | SOLE |  | 10639 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1989098 | 22106 | SH |  | SOLE |  | 22106 | 0 | 0 |
| THE ONE GROUP HOSPITALITY IN | COM | 88338K103 |  | 46028 | 15550 | SH |  | SOLE |  | 15550 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 371860 | 2667 | SH |  | SOLE |  | 2667 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1337247 | 11527 | SH |  | SOLE |  | 11527 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 420844 | 3125 | SH |  | SOLE |  | 3125 | 0 | 0 |
| SUNRISE RLTY TR INC | COM | 867981102 |  | 256965 | 24732 | SH |  | SOLE |  | 24732 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 332599 | 7813 | SH |  | SOLE |  | 7813 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 415207 | 5586 | SH |  | SOLE |  | 5586 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 451180 | 5861 | SH |  | SOLE |  | 5861 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1125645 | 15843 | SH |  | SOLE |  | 15843 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 4360258 | 11795 | SH |  | SOLE |  | 11795 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1470345 | 17857 | SH |  | SOLE |  | 17857 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 8207956 | 290650 | SH |  | SOLE |  | 290650 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 1143649 | 25274 | SH |  | SOLE |  | 25274 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 2504238 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 937078 | 1599 | SH |  | SOLE |  | 1599 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 249946 | 4493 | SH |  | SOLE |  | 4493 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 717930 | 5216 | SH |  | SOLE |  | 5216 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2133570 | 46666 | SH |  | SOLE |  | 46666 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 206788 | 1690 | SH |  | SOLE |  | 1690 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1473053 | 16422 | SH |  | SOLE |  | 16422 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 439530 | 9055 | SH |  | SOLE |  | 9055 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 5854882 | 40507 | SH |  | SOLE |  | 40507 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 6811164 | 14043 | SH |  | SOLE |  | 14043 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 4375148 | 18277 | SH |  | SOLE |  | 18277 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 2322255 | 20511 | SH |  | SOLE |  | 20511 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 730474 | 4360 | SH |  | SOLE |  | 4360 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 590819 | 7236 | SH |  | SOLE |  | 7236 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 826457 | 8052 | SH |  | SOLE |  | 8052 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2304403 | 8253 | SH |  | SOLE |  | 8253 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1117154 | 19644 | SH |  | SOLE |  | 19644 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 37042063 | 83293 | SH |  | SOLE |  | 83293 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 10409697 | 37272 | SH |  | SOLE |  | 37272 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 565860 | 10421 | SH |  | SOLE |  | 10421 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1312986 | 5082 | SH |  | SOLE |  | 5082 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 3004110 | 86499 | SH |  | SOLE |  | 86499 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 5868704 | 31942 | SH |  | SOLE |  | 31942 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 620833 | 7348 | SH |  | SOLE |  | 7348 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 738702 | 1412 | SH |  | SOLE |  | 1412 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 2333370 | 24180 | SH |  | SOLE |  | 24180 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1225997 | 12514 | SH |  | SOLE |  | 12514 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 1058181 | 5176 | SH |  | SOLE |  | 5176 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 994538 | 1819 | SH |  | SOLE |  | 1819 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 12117268 | 35092 | SH |  | SOLE |  | 35092 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 5133484 | 21718 | SH |  | SOLE |  | 21718 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2132688 | 25532 | SH |  | SOLE |  | 25532 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 1738606 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 2329370 | 2440 | SH |  | SOLE |  | 2440 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2477251 | 51257 | SH |  | SOLE |  | 51257 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 1345664 | 3210 | SH |  | SOLE |  | 3210 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15521524 | 45467 | SH |  | SOLE |  | 45467 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 2927791 | 17196 | SH |  | SOLE |  | 17196 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 840620 | 7885 | SH |  | SOLE |  | 7885 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1461503 | 4751 | SH |  | SOLE |  | 4751 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 2301139 | 13181 | SH |  | SOLE |  | 13181 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1031274 | 1684 | SH |  | SOLE |  | 1684 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1321937 | 5256 | SH |  | SOLE |  | 5256 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 884000 | 3162 | SH |  | SOLE |  | 3162 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 3717839 | 9493 | SH |  | SOLE |  | 9493 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 338550 | 1728 | SH |  | SOLE |  | 1728 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 18065759 | 55050 | SH |  | SOLE |  | 55050 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 408286 | 41241 | SH |  | SOLE |  | 41241 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 4189057 | 57025 | SH |  | SOLE |  | 57025 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 7412475 | 168657 | SH |  | SOLE |  | 168657 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1256345 | 6267 | SH |  | SOLE |  | 6267 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 634398 | 2116 | SH |  | SOLE |  | 2116 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1549745 | 79352 | SH |  | SOLE |  | 79352 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1364122 | 11362 | SH |  | SOLE |  | 11362 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1286846 | 11230 | SH |  | SOLE |  | 11230 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 6786090 | 172718 | SH |  | SOLE |  | 172718 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 10804649 | 128903 | SH |  | SOLE |  | 128903 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2895523 | 13112 | SH |  | SOLE |  | 13112 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1799457 | 28405 | SH |  | SOLE |  | 28405 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 15345634 | 148900 | SH |  | SOLE |  | 148900 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 807422 | 10538 | SH |  | SOLE |  | 10538 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 735674 | 3764 | SH |  | SOLE |  | 3764 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 661334 | 2521 | SH |  | SOLE |  | 2521 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 417647 | 3256 | SH |  | SOLE |  | 3256 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1565094 | 19406 | SH |  | SOLE |  | 19406 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 17899083 | 158750 | SH |  | SOLE |  | 158750 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 1126015 | 7634 | SH |  | SOLE |  | 7634 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1104230 | 33280 | SH |  | SOLE |  | 33280 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 734318 | 7455 | SH |  | SOLE |  | 7455 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 531025 | 1787 | SH |  | SOLE |  | 1787 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2376676 | 16243 | SH |  | SOLE |  | 16243 | 0 | 0 |

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