# EDGAR Filing Document

**Accession Number:** 0001968437
**File Stem:** 0000902664-25-004905
**Filing Date:** 2025-11
**Character Count:** 30836
**Document Hash:** 134b2a249b0577234636f076c3505c03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-25-004905.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000902664-25-004905

**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:** Perbak Capital Partners LLP
- **CENTRAL INDEX KEY:** 0001968437

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23913
- **FILM NUMBER:** 251477710

**BUSINESS ADDRESS:**
- **STREET 1:** 2 PORTMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 6DU
- **BUSINESS PHONE:** 00442039780002

**MAIL ADDRESS:**
- **STREET 1:** 2 PORTMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 6DU

### 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:** Perbak Capital Partners LLP<br>**Address:** 2 PORTMAN STREET<br>LONDON, X0 W1H 6DU

**Form 13F File Number:** 028-23913

**CRD Number (if applicable):** 000326702

**SEC File Number (if applicable):** 802-128060

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:** Steven J Chapman<br>**Title:** CEO<br>**Phone:** 44-203978-0002

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

/s/ Steven J Chapman  London, X0  11-13-2025<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:** 288

**Form 13F Information Table Value Total:** $567991911

      (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 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 1007522 | 11777 | SH |  | SOLE |  | 11777 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 1229128 | 3569 | SH |  | SOLE |  | 3569 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 854008 | 2421 | SH |  | SOLE |  | 2421 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 218839 | 25125 | SH |  | SOLE |  | 25125 | 0 | 0 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 558800 | 3618 | SH |  | SOLE |  | 3618 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1188509 | 7346 | SH |  | SOLE |  | 7346 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1125886 | 8772 | SH |  | SOLE |  | 8772 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 1204972 | 9924 | SH |  | SOLE |  | 9924 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1385575 | 18289 | SH |  | SOLE |  | 18289 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 1196734 | 16083 | SH |  | SOLE |  | 16083 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 842856 | 6731 | SH |  | SOLE |  | 6731 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 578696 | 2696 | SH |  | SOLE |  | 2696 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 709431 | 3231 | SH |  | SOLE |  | 3231 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 1083735 | 13133 | SH |  | SOLE |  | 13133 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 1395415 | 9576 | SH |  | SOLE |  | 9576 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 843476 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 408336 | 2172 | SH |  | SOLE |  | 2172 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 480893 | 3886 | SH |  | SOLE |  | 3886 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1470269 | 5984 | SH |  | SOLE |  | 5984 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 506459 | 1989 | SH |  | SOLE |  | 1989 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 1388786 | 5320 | SH |  | SOLE |  | 5320 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1390815 | 16131 | SH |  | SOLE |  | 16131 | 0 | 0 |
| ARAMARK | COM | 03852U106 |  | 359194 | 9354 | SH |  | SOLE |  | 9354 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 1124069 | 16088 | SH |  | SOLE |  | 16088 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 1073155 | 5475 | SH |  | SOLE |  | 5475 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 579260 | 6843 | SH |  | SOLE |  | 6843 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 414557 | 9194 | SH |  | SOLE |  | 9194 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 784294 | 145509 | SH |  | SOLE |  | 145509 | 0 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 766714 | 6313 | SH |  | SOLE |  | 6313 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 |  | 674070 | 4492 | SH |  | SOLE |  | 4492 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 734608 | 6742 | SH |  | SOLE |  | 6742 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 233155 | 3043 | SH |  | SOLE |  | 3043 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 1232612 | 23270 | SH |  | SOLE |  | 23270 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 2406307 | 8582 | SH |  | SOLE |  | 8582 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1298779 | 1114 | SH |  | SOLE |  | 1114 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1355353 | 7933 | SH |  | SOLE |  | 7933 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 313158 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 252435 | 1194 | SH |  | SOLE |  | 1194 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 683059 | 21167 | SH |  | SOLE |  | 21167 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 |  | 1283869 | 14851 | SH |  | SOLE |  | 14851 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 1339233 | 21177 | SH |  | SOLE |  | 21177 | 0 | 0 |
| CALIX INC | COM | 13100M509 |  | 248610 | 4051 | SH |  | SOLE |  | 4051 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 264007 | 1682 | SH |  | SOLE |  | 1682 | 0 | 0 |
| CARIS LIFE SCIENCES INC | COM | 142152107 |  | 323766 | 10703 | SH |  | SOLE |  | 10703 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 1379658 | 4194 | SH |  | SOLE |  | 4194 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 263956 | 1075 | SH |  | SOLE |  | 1075 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 955926 | 2534 | SH |  | SOLE |  | 2534 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 470346 | 832 | SH |  | SOLE |  | 832 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 1342008 | 22215 | SH |  | SOLE |  | 22215 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 1074415 | 117938 | SH |  | SOLE |  | 117938 | 0 | 0 |
| CELCUITY INC | COM | 15102K100 |  | 200021 | 4049 | SH |  | SOLE |  | 4049 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 746212 | 20914 | SH |  | SOLE |  | 20914 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 224704 | 1086 | SH |  | SOLE |  | 1086 | 0 | 0 |
| CHEESECAKE FACTORY INC | COM | 163072101 |  | 1019965 | 18667 | SH |  | SOLE |  | 18667 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 715520 | 17689 | SH |  | SOLE |  | 17689 | 0 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 499187 | 24749 | SH |  | SOLE |  | 24749 | 0 | 0 |
| CHOICE HOTELS INTL INC | COM | 169905106 |  | 488899 | 4573 | SH |  | SOLE |  | 4573 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 374394 | 1824 | SH |  | SOLE |  | 1824 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 840742 | 25187 | SH |  | SOLE |  | 25187 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1095474 | 16518 | SH |  | SOLE |  | 16518 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 967514 | 12103 | SH |  | SOLE |  | 12103 | 0 | 0 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 1381871 | 26422 | SH |  | SOLE |  | 26422 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1335895 | 14123 | SH |  | SOLE |  | 14123 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 567402 | 6917 | SH |  | SOLE |  | 6917 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 436552 | 6455 | SH |  | SOLE |  | 6455 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 532030 | 22496 | SH |  | SOLE |  | 22496 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 651296 | 161212 | SH |  | SOLE |  | 161212 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 1018642 | 12192 | SH |  | SOLE |  | 12192 | 0 | 0 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 945754 | 3896 | SH |  | SOLE |  | 3896 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 1384951 | 3279 | SH |  | SOLE |  | 3279 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 710708 | 1309 | SH |  | SOLE |  | 1309 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 4428421 | 26131 | SH |  | SOLE |  | 26131 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 3590885 | 18112 | SH |  | SOLE |  | 18112 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 640752 | 3366 | SH |  | SOLE |  | 3366 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 807693 | 5672 | SH |  | SOLE |  | 5672 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 1350171 | 112985 | SH |  | SOLE |  | 112985 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 809547 | 3643 | SH |  | SOLE |  | 3643 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 1369676 | 2229 | SH |  | SOLE |  | 2229 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 770089 | 10641 | SH |  | SOLE |  | 10641 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 1405037 | 17166 | SH |  | SOLE |  | 17166 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 722405 | 2656 | SH |  | SOLE |  | 2656 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 1034346 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 800042 | 10937 | SH |  | SOLE |  | 10937 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 1210998 | 40086 | SH |  | SOLE |  | 40086 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 669881 | 5925 | SH |  | SOLE |  | 5925 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 466024 | 1448 | SH |  | SOLE |  | 1448 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 406059 | 8381 | SH |  | SOLE |  | 8381 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 1395444 | 5988 | SH |  | SOLE |  | 5988 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1398323 | 22178 | SH |  | SOLE |  | 22178 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 396360 | 4358 | SH |  | SOLE |  | 4358 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 613173 | 2239 | SH |  | SOLE |  | 2239 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 640669 | 8238 | SH |  | SOLE |  | 8238 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 9957860 | 494432 | SH |  | SOLE |  | 494432 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 900912 | 1387 | SH |  | SOLE |  | 1387 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 699442 | 40760 | SH |  | SOLE |  | 40760 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1329295 | 11856 | SH |  | SOLE |  | 11856 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 |  | 1014487 | 9079 | SH |  | SOLE |  | 9079 | 0 | 0 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 1364824 | 21473 | SH |  | SOLE |  | 21473 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 1365270 | 15548 | SH |  | SOLE |  | 15548 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 1140949 | 25913 | SH |  | SOLE |  | 25913 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 318290 | 1111 | SH |  | SOLE |  | 1111 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 350188 | 234 | SH |  | SOLE |  | 234 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 318613 | 6497 | SH |  | SOLE |  | 6497 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 1344944 | 11303 | SH |  | SOLE |  | 11303 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 446806 | 8604 | SH |  | SOLE |  | 8604 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 476110 | 2120 | SH |  | SOLE |  | 2120 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 585410 | 10228 | SH |  | SOLE |  | 10228 | 0 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 1018364 | 19633 | SH |  | SOLE |  | 19633 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 921447 | 41789 | SH |  | SOLE |  | 41789 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 590019 | 10178 | SH |  | SOLE |  | 10178 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 659355 | 7842 | SH |  | SOLE |  | 7842 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 762261 | 64763 | SH |  | SOLE |  | 64763 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 208056 | 845 | SH |  | SOLE |  | 845 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 1080659 | 4111 | SH |  | SOLE |  | 4111 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 961502 | 38739 | SH |  | SOLE |  | 38739 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1109527 | 6628 | SH |  | SOLE |  | 6628 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2870833 | 47086 | SH |  | SOLE |  | 47086 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 1197219 | 134519 | SH |  | SOLE |  | 134519 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 1344270 | 16484 | SH |  | SOLE |  | 16484 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 1353731 | 37856 | SH |  | SOLE |  | 37856 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 507229 | 3707 | SH |  | SOLE |  | 3707 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 401196 | 421 | SH |  | SOLE |  | 421 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 686659 | 3128 | SH |  | SOLE |  | 3128 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 771880 | 4265 | SH |  | SOLE |  | 4265 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1362594 | 55390 | SH |  | SOLE |  | 55390 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 461529 | 3460 | SH |  | SOLE |  | 3460 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 431873 | 28563 | SH |  | SOLE |  | 28563 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 746212 | 15204 | SH |  | SOLE |  | 15204 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 1396638 | 20694 | SH |  | SOLE |  | 20694 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 |  | 1231383 | 137125 | SH |  | SOLE |  | 137125 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 231310 | 1576 | SH |  | SOLE |  | 1576 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 1389069 | 9787 | SH |  | SOLE |  | 9787 | 0 | 0 |
| ICU MED INC | COM | 44930G107 |  | 1349070 | 11246 | SH |  | SOLE |  | 11246 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 784557 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1246433 | 4780 | SH |  | SOLE |  | 4780 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 3068956 | 32315 | SH |  | SOLE |  | 32315 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 449323 | 5298 | SH |  | SOLE |  | 5298 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 461087 | 3776 | SH |  | SOLE |  | 3776 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 1093470 | 22225 | SH |  | SOLE |  | 22225 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 1134883 | 4601 | SH |  | SOLE |  | 4601 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1953080 | 58214 | SH |  | SOLE |  | 58214 | 0 | 0 |
| INTERPARFUMS INC | COM | 458334109 |  | 487375 | 4954 | SH |  | SOLE |  | 4954 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 723171 | 1617 | SH |  | SOLE |  | 1617 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 54933705 | 289582 | SH |  | SOLE |  | 289582 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2345646 | 3907 | SH |  | SOLE |  | 3907 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 289549 | 4426 | SH |  | SOLE |  | 4426 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 9940886 | 36666 | SH |  | SOLE |  | 36666 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 16118165 | 66615 | SH |  | SOLE |  | 66615 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 853734 | 6854 | SH |  | SOLE |  | 6854 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 388884 | 8737 | SH |  | SOLE |  | 8737 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1223955 | 43234 | SH |  | SOLE |  | 43234 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 283672 | 263 | SH |  | SOLE |  | 263 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 287810 | 10394 | SH |  | SOLE |  | 10394 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 741158 | 10591 | SH |  | SOLE |  | 10591 | 0 | 0 |
| KYMERA THERAPEUTICS INC | COM | 501575104 |  | 424726 | 7504 | SH |  | SOLE |  | 7504 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 251658 | 824 | SH |  | SOLE |  | 824 | 0 | 0 |
| LEONARDO DRS INC | COM | 52661A108 |  | 395661 | 8715 | SH |  | SOLE |  | 8715 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 466622 | 5559 | SH |  | SOLE |  | 5559 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 922450 | 1942 | SH |  | SOLE |  | 1942 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 466263 | 4279 | SH |  | SOLE |  | 4279 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 716736 | 2852 | SH |  | SOLE |  | 2852 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1006844 | 4996 | SH |  | SOLE |  | 4996 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1074331 | 12779 | SH |  | SOLE |  | 12779 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 714994 | 1257 | SH |  | SOLE |  | 1257 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 246455 | 811 | SH |  | SOLE |  | 811 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 631388 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| MERCURY GENL CORP NEW | COM | 589400100 |  | 351752 | 4149 | SH |  | SOLE |  | 4149 | 0 | 0 |
| MERIT MED SYS INC | COM | 589889104 |  | 918193 | 11032 | SH |  | SOLE |  | 11032 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 4114949 | 3352 | SH |  | SOLE |  | 3352 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1371491 | 48343 | SH |  | SOLE |  | 48343 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 679152 | 4059 | SH |  | SOLE |  | 4059 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 753118 | 53337 | SH |  | SOLE |  | 53337 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 771855 | 3985 | SH |  | SOLE |  | 3985 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 2030760 | 3579 | SH |  | SOLE |  | 3579 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 1386926 | 13717 | SH |  | SOLE |  | 13717 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 910470 | 2345 | SH |  | SOLE |  | 2345 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1347364 | 11374 | SH |  | SOLE |  | 11374 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3031581 | 43476 | SH |  | SOLE |  | 43476 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 940297 | 4129 | SH |  | SOLE |  | 4129 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 803934 | 8767 | SH |  | SOLE |  | 8767 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1081472 | 7682 | SH |  | SOLE |  | 7682 | 0 | 0 |
| OMNICELL COM | COM | 68213N109 |  | 1243182 | 40827 | SH |  | SOLE |  | 40827 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 328994 | 17851 | SH |  | SOLE |  | 17851 | 0 | 0 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 534186 | 19243 | SH |  | SOLE |  | 19243 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 785932 | 8596 | SH |  | SOLE |  | 8596 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1388650 | 6372 | SH |  | SOLE |  | 6372 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 406407 | 3481 | SH |  | SOLE |  | 3481 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 728109 | 5744 | SH |  | SOLE |  | 5744 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 1330847 | 6394 | SH |  | SOLE |  | 6394 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 434010 | 7548 | SH |  | SOLE |  | 7548 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 1284816 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 955776 | 3773 | SH |  | SOLE |  | 3773 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 906857 | 40721 | SH |  | SOLE |  | 40721 | 0 | 0 |
| PHINIA INC | COMMON STOCK | 71880K101 |  | 625382 | 10880 | SH |  | SOLE |  | 10880 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 467262 | 11475 | SH |  | SOLE |  | 11475 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 1153468 | 6490 | SH |  | SOLE |  | 6490 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1374361 | 6840 | SH |  | SOLE |  | 6840 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 1073725 | 9990 | SH |  | SOLE |  | 9990 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 628518 | 2062 | SH |  | SOLE |  | 2062 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 360075 | 3666 | SH |  | SOLE |  | 3666 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 541924 | 3527 | SH |  | SOLE |  | 3527 | 0 | 0 |
| QIAGEN NV | COM SHS | N72482206 |  | 4684162 | 104838 | SH |  | SOLE |  | 104838 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 1093051 | 12001 | SH |  | SOLE |  | 12001 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 1237153 | 9349 | SH |  | SOLE |  | 9349 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 1227139 | 32602 | SH |  | SOLE |  | 32602 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 693545 | 1777 | SH |  | SOLE |  | 1777 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1112732 | 1979 | SH |  | SOLE |  | 1979 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 252657 | 1101 | SH |  | SOLE |  | 1101 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 923018 | 3372 | SH |  | SOLE |  | 3372 | 0 | 0 |
| REV GROUP INC | COM | 749527107 |  | 275133 | 4855 | SH |  | SOLE |  | 4855 | 0 | 0 |
| REVOLVE GROUP INC | CL A | 76156B107 |  | 1315041 | 61739 | SH |  | SOLE |  | 61739 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 1450169 | 16545 | SH |  | SOLE |  | 16545 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 1309647 | 89213 | SH |  | SOLE |  | 89213 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 1389204 | 40883 | SH |  | SOLE |  | 40883 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 1205087 | 10223 | SH |  | SOLE |  | 10223 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 375991 | 2247 | SH |  | SOLE |  | 2247 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 654581 | 3470 | SH |  | SOLE |  | 3470 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 718110 | 3030 | SH |  | SOLE |  | 3030 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 963099 | 25855 | SH |  | SOLE |  | 25855 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 484159 | 2051 | SH |  | SOLE |  | 2051 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 9396813 | 174435 | SH |  | SOLE |  | 174435 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 10092843 | 35808 | SH |  | SOLE |  | 35808 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 24127625 | 173368 | SH |  | SOLE |  | 173368 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 42439549 | 541528 | SH |  | SOLE |  | 541528 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 68978442 | 447244 | SH |  | SOLE |  | 447244 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 453389 | 4831 | SH |  | SOLE |  | 4831 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 1341340 | 16118 | SH |  | SOLE |  | 16118 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 217186 | 236 | SH |  | SOLE |  | 236 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1403100 | 4049 | SH |  | SOLE |  | 4049 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 350844 | 5190 | SH |  | SOLE |  | 5190 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1442606 | 11887 | SH |  | SOLE |  | 11887 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 34655350 | 52021 | SH |  | SOLE |  | 52021 | 0 | 0 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 4010628 | 36197 | SH |  | SOLE |  | 36197 | 0 | 0 |
| SPDR SERIES TRUST | S INS ETF | 78464A789 |  | 11279045 | 190139 | SH |  | SOLE |  | 190139 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 554484 | 6247 | SH |  | SOLE |  | 6247 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 2743892 | 36915 | SH |  | SOLE |  | 36915 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1388862 | 9961 | SH |  | SOLE |  | 9961 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 634684 | 2565 | SH |  | SOLE |  | 2565 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 412921 | 1117 | SH |  | SOLE |  | 1117 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 446118 | 5418 | SH |  | SOLE |  | 5418 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 420499 | 3714 | SH |  | SOLE |  | 3714 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 913903 | 4163 | SH |  | SOLE |  | 4163 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 1359131 | 34452 | SH |  | SOLE |  | 34452 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 204586 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1403981 | 3157 | SH |  | SOLE |  | 3157 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 459042 | 13752 | SH |  | SOLE |  | 13752 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 711770 | 3874 | SH |  | SOLE |  | 3874 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 1329112 | 15731 | SH |  | SOLE |  | 15731 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 412774 | 1432 | SH |  | SOLE |  | 1432 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1011267 | 2085 | SH |  | SOLE |  | 2085 | 0 | 0 |
| THOR INDS INC | COM | 885160101 |  | 1356265 | 13080 | SH |  | SOLE |  | 13080 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 946448 | 6548 | SH |  | SOLE |  | 6548 | 0 | 0 |
| TMC THE METALS COMPANY INC | COM | 87261Y106 |  | 360899 | 56656 | SH |  | SOLE |  | 56656 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 3293664 | 29678 | SH |  | SOLE |  | 29678 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 941393 | 2231 | SH |  | SOLE |  | 2231 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 1400753 | 41235 | SH |  | SOLE |  | 41235 | 0 | 0 |
| TWIST BIOSCIENCE CORP | COM | 90184D100 |  | 1306118 | 46415 | SH |  | SOLE |  | 46415 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1254547 | 23104 | SH |  | SOLE |  | 23104 | 0 | 0 |
| UBIQUITI INC | COM | 90353W103 |  | 420789 | 637 | SH |  | SOLE |  | 637 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 5019619 | 122966 | SH |  | SOLE |  | 122966 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 1524129 | 113911 | SH |  | SOLE |  | 113911 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 |  | 581677 | 11251 | SH |  | SOLE |  | 11251 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 797757 | 1903 | SH |  | SOLE |  | 1903 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 1032831 | 5052 | SH |  | SOLE |  | 5052 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 585226 | 8193 | SH |  | SOLE |  | 8193 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1133591 | 6658 | SH |  | SOLE |  | 6658 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 823028 | 14321 | SH |  | SOLE |  | 14321 | 0 | 0 |
| VAXCYTE INC | COM | 92243G108 |  | 1474335 | 40931 | SH |  | SOLE |  | 40931 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 881218 | 2958 | SH |  | SOLE |  | 2958 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 370223 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 676362 | 1727 | SH |  | SOLE |  | 1727 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1141916 | 3345 | SH |  | SOLE |  | 3345 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 1377014 | 49928 | SH |  | SOLE |  | 49928 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 2976514 | 9928 | SH |  | SOLE |  | 9928 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 1412624 | 3494 | SH |  | SOLE |  | 3494 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 1395283 | 4996 | SH |  | SOLE |  | 4996 | 0 | 0 |
| WD 40 CO | COM | 929236107 |  | 440253 | 2228 | SH |  | SOLE |  | 2228 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1258557 | 15015 | SH |  | SOLE |  | 15015 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 1083685 | 4131 | SH |  | SOLE |  | 4131 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1355943 | 169705 | SH |  | SOLE |  | 169705 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 831786 | 13130 | SH |  | SOLE |  | 13130 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 1317919 | 6743 | SH |  | SOLE |  | 6743 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 1204687 | 6782 | SH |  | SOLE |  | 6782 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 429860 | 1701 | SH |  | SOLE |  | 1701 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 1364133 | 17073 | SH |  | SOLE |  | 17073 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 1394465 | 14157 | SH |  | SOLE |  | 14157 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 1046348 | 12683 | SH |  | SOLE |  | 12683 | 0 | 0 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 626440 | 13320 | SH |  | SOLE |  | 13320 | 0 | 0 |

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