# EDGAR Filing Document

**Accession Number:** 0000754510
**File Stem:** 0000035402-25-002936
**Filing Date:** 2025-12
**Character Count:** 48119
**Document Hash:** f4d57d0fb0b595585976c0ababb56aab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002936.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000035402-25-002936

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SECURITIES FUND
- **CENTRAL INDEX KEY:** 0000754510

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04118
- **FILM NUMBER:** 251599869

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Leveraged Company Stock Fund (Series ID: S000007200)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000019698 | Fidelity Leveraged Company Stock Fund                  | FLVCX           |
| C000064272 | Class K                                                | FLCKX           |
| C000254544 | Fidelity Advisor Leveraged Company Stock Fund: Class Z | FLEOX           |
| C000254545 | Fidelity Advisor Leveraged Company Stock Fund: Class I | FLENX           |
| C000254546 | Fidelity Advisor Leveraged Company Stock Fund: Class A | FLEJX           |
| C000254547 | Fidelity Advisor Leveraged Company Stock Fund: Class M | FLELX           |
| C000254548 | Fidelity Advisor Leveraged Company Stock Fund: Class C | FLEMX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Leveraged Company Stock Fund**

**October 31, 2025**

LSF-NPRT1-1225

1.809078.122 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 100.0%** | &nbsp;&nbsp;**Common Stocks - 100.0%** | &nbsp;&nbsp;**Common Stocks - 100.0%** |
|  | Shares | Value ($)<br>|
| CANADA - 1.0%  |  |  |
| Information Technology - 1.0% |  |  |
| IT Services - 1.0% |  |  |
| Shopify Inc Class A (b) | 246000 | 42771780 |
| CHINA - 0.4%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Automobiles - 0.4% |  |  |
| BYD Co Ltd H Shares  | 1189100 | 15394465 |
| HONG KONG - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Hotels, Restaurants & Leisure - 0.2% |  |  |
| Studio City International Holdings Ltd ADR (b) | 1090629 | 4089859 |
| Studio City International Holdings Ltd ADR (b)(c) | 993219 | 3724571 |
| TOTAL HONG KONG |  | 7814430 |
| NETHERLANDS - 0.7%  |  |  |
| Information Technology - 0.7% |  |  |
| Semiconductors & Semiconductor Equipment - 0.7% |  |  |
| NXP Semiconductors NV  | 144600 | 30238752 |
| TAIWAN - 3.0%  |  |  |
| Information Technology - 3.0% |  |  |
| Semiconductors & Semiconductor Equipment - 3.0% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 409400 | 122996042 |
| UNITED KINGDOM - 0.5%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Hotels, Restaurants & Leisure - 0.5% |  |  |
| Flutter Entertainment PLC (United Kingdom) (b) | 92000 | 21192871 |
| UNITED STATES - 94.2%  |  |  |
| Communication Services - 9.6% |  |  |
| Entertainment - 1.4% |  |  |
| Netflix Inc (b) | 51500 | 57621290 |
| Interactive Media & Services - 7.6% |  |  |
| Alphabet Inc Class A  | 424800 | 119449512 |
| Meta Platforms Inc Class A  | 294700 | 191068745 |
|  |  | 310518257 |
| Media - 0.6% |  |  |
| EchoStar Corp (b)(d) | 320970 | 24031024 |
| TOTAL COMMUNICATION SERVICES |  | 392170571 |
| Consumer Discretionary - 10.0% |  |  |
| Broadline Retail - 2.1% |  |  |
| Amazon.com Inc (b) | 347500 | 84866450 |
| Hotels, Restaurants & Leisure - 2.4% |  |  |
| Booking Holdings Inc  | 2900 | 14725446 |
| Boyd Gaming Corp (e) | 642266 | 50013253 |
| New Cotai LLC / New Cotai Capital Corp (b)(d)(f) | 411029 | 135640 |
| Red Rock Resorts Inc Class A  | 642300 | 34241013 |
|  |  | 99115352 |
| Household Durables - 3.6% |  |  |
| DR Horton Inc  | 64200 | 9570936 |
| PulteGroup Inc  | 105900 | 12694233 |
| TopBuild Corp (b) | 294300 | 124335864 |
|  |  | 146601033 |
| Specialty Retail - 1.9% |  |  |
| Dick's Sporting Goods Inc  | 248200 | 54963890 |
| Williams-Sonoma Inc  | 127408 | 24760471 |
|  |  | 79724361 |
| TOTAL CONSUMER DISCRETIONARY |  | 410307196 |
| Consumer Staples - 1.5% |  |  |
| Beverages - 0.4% |  |  |
| Celsius Holdings Inc (b) | 286500 | 17255895 |
| Consumer Staples Distribution & Retail - 1.1% |  |  |
| Performance Food Group Co (b) | 116400 | 11260536 |
| US Foods Holding Corp (b) | 458200 | 33274484 |
|  |  | 44535020 |
| TOTAL CONSUMER STAPLES |  | 61790915 |
| Energy - 0.4% |  |  |
| Oil, Gas & Consumable Fuels - 0.4% |  |  |
| Energy Transfer LP  | 1091900 | 18376677 |
| Financials - 13.9% |  |  |
| Capital Markets - 3.3% |  |  |
| Ares Management Corp Class A  | 296300 | 44062773 |
| Blue Owl Capital Inc Class A (e) | 2102300 | 33153271 |
| KKR & Co Inc Class A  | 190900 | 22589197 |
| Moody's Corp  | 73200 | 35157960 |
|  |  | 134963201 |
| Consumer Finance - 1.4% |  |  |
| OneMain Holdings Inc (e) | 1005000 | 59485950 |
| Financial Services - 6.2% |  |  |
| Apollo Global Management Inc  | 1055700 | 131234067 |
| Block Inc Class A (b) | 667700 | 50705138 |
| Mastercard Inc Class A  | 54100 | 29862659 |
| Visa Inc Class A  | 118800 | 40479912 |
|  |  | 252281776 |
| Insurance - 3.0% |  |  |
| Arthur J Gallagher & Co  | 489100 | 122025559 |
| TOTAL FINANCIALS |  | 568756486 |
| Health Care - 2.4% |  |  |
| Health Care Equipment & Supplies - 1.7% |  |  |
| Boston Scientific Corp (b) | 671900 | 67673768 |
| Health Care Providers & Services - 0.7% |  |  |
| Tenet Healthcare Corp (b) | 143709 | 29674471 |
| TOTAL HEALTH CARE |  | 97348239 |
| Industrials - 21.2% |  |  |
| Aerospace & Defense - 1.8% |  |  |
| ATI Inc (b) | 466200 | 46139814 |
| TransDigm Group Inc  | 22200 | 29048922 |
|  |  | 75188736 |
| Building Products - 3.0% |  |  |
| Builders FirstSource Inc (b) | 166503 | 19342654 |
| Carlisle Cos Inc (e) | 38400 | 12481920 |
| Simpson Manufacturing Co Inc  | 107700 | 19009050 |
| Trane Technologies PLC  | 164800 | 73937520 |
|  |  | 124771144 |
| Construction & Engineering - 6.8% |  |  |
| Comfort Systems USA Inc  | 149200 | 144064536 |
| EMCOR Group Inc  | 125500 | 84810390 |
| IES Holdings Inc (b) | 84500 | 33113860 |
| WillScot Holdings Corp  | 792900 | 17245575 |
|  |  | 279234361 |
| Electrical Equipment - 6.4% |  |  |
| Eaton Corp PLC  | 118000 | 45024080 |
| NEXTracker Inc Class A (b) | 150800 | 15263976 |
| nVent Electric PLC (e) | 515700 | 58970295 |
| Vertiv Holdings Co Class A  | 731500 | 141077090 |
|  |  | 260335441 |
| Ground Transportation - 1.2% |  |  |
| Uber Technologies Inc (b) | 489300 | 47217450 |
| Machinery - 2.0% |  |  |
| Parker-Hannifin Corp  | 103700 | 80142471 |
| Marine Transportation - 0.0% |  |  |
| Genco Shipping & Trading Ltd  | 1493 | 25440 |
| TOTAL INDUSTRIALS |  | 866915043 |
| Information Technology - 24.5% |  |  |
| Communications Equipment - 1.3% |  |  |
| Arista Networks Inc  | 345700 | 54513433 |
| Electronic Equipment, Instruments & Components - 0.7% |  |  |
| Coherent Corp (b) | 215100 | 28384596 |
| Semiconductors & Semiconductor Equipment - 14.7% |  |  |
| Broadcom Inc  | 364400 | 134693172 |
| KLA Corp  | 15300 | 18493722 |
| Marvell Technology Inc  | 284500 | 26669030 |
| Microchip Technology Inc  | 174910 | 10917882 |
| Micron Technology Inc  | 313500 | 70151895 |
| MKS Inc  | 282900 | 40655559 |
| NVIDIA Corp  | 1279900 | 259166951 |
| ON Semiconductor Corp (b) | 783396 | 39232472 |
|  |  | 599980683 |
| Software - 7.1% |  |  |
| AppLovin Corp Class A (b) | 40900 | 26066797 |
| Microsoft Corp  | 276500 | 143174465 |
| Monday.com Ltd (b) | 121900 | 25018756 |
| Oracle Corp  | 220800 | 57984288 |
| Riot Platforms Inc (b)(e) | 1723900 | 34098742 |
|  |  | 286343048 |
| Technology Hardware, Storage & Peripherals - 0.7% |  |  |
| Dell Technologies Inc Class C  | 187000 | 30295870 |
| TOTAL INFORMATION TECHNOLOGY |  | 999517630 |
| Materials - 2.6% |  |  |
| Chemicals - 0.2% |  |  |
| Chemours Co/The  | 817428 | 10945361 |
| Construction Materials - 2.4% |  |  |
| Eagle Materials Inc  | 197000 | 41827040 |
| James Hardie Industries PLC (b) | 1260600 | 26384358 |
| Martin Marietta Materials Inc  | 45900 | 28141290 |
|  |  | 96352688 |
| TOTAL MATERIALS |  | 107298049 |
| Utilities - 8.1% |  |  |
| Electric Utilities - 3.2% |  |  |
| Constellation Energy Corp  | 317600 | 119735200 |
| PG&E Corp  | 713858 | 11393174 |
|  |  | 131128374 |
| Independent Power and Renewable Electricity Producers - 4.9% |  |  |
| Vistra Corp  | 1061900 | 199955770 |
| TOTAL UTILITIES |  | 331084144 |
| TOTAL UNITED STATES |  | 3853564950 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $2,195,905,962) |  | <br> **4093973290** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Corporate Bonds - 0.0%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 0.0%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Hotels, Restaurants & Leisure - 0.0% |  |  |
| New Cotai LLC 5% 2/24/2027 (f)<br>(Cost $550,537)<br>| 557069 | **687422** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.0%** | &nbsp;&nbsp;**Money Market Funds - 1.0%** | &nbsp;&nbsp;**Money Market Funds - 1.0%** | &nbsp;&nbsp;**Money Market Funds - 1.0%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g) | 4.18 | 6881283 | 6882659 |
| Fidelity Securities Lending Cash Central Fund (g)(h) | 4.18 | 35908739 | 35912330 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $42,794,989) |  |  | **42794989** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 101.0%**<br> (Cost $2,239,251,488)<br>| <br>**4137455701** |
| **NET OTHER ASSETS (LIABILITIES) - (1.0)%**  | **(40301316)** |
| **NET ASSETS - 100.0%** | **4097154385** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Non-income producing.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,724,571 or 0.1% of net assets.

(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $24,166,664 or 0.6% of net assets.

(e) Security or a portion of the security is on loan at period end.

(f) Level 3 security.

(g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(h) Investment made with cash collateral received from securities on loan.

At period end, the value of non-cash collateral for securities on loan amounted to $17,372,856.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| EchoStar Corp | 9/30/2024 | 8999999 |
| New Cotai LLC / New Cotai Capital Corp | 9/11/2020 | 2036135 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 7593759 | 167801042 | 168512377 | 145708 | 235 | - | 6882659 | 6881283 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 18501425 | 249308212 | 231897307 | 6957 | - | - | 35912330 | 35908739 | 0.1% |
| Total | 26095184 | 417109254 | 400409684 | 152665 | 235 | - | 42794989 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Fidelity Securities Fund

- **b. Investment Company Act file number:** 811-04118

- **c. CIK number of Registrant:** 0000754510

- **d. LEI of Registrant:** LIUMB3NDWOFJPXVROE85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity Leveraged Company Stock Fund

- **b. EDGAR series identifier (if any):** S000007200

- **c. LEI of Series:** PDZQGM5U3U6OXHY5Q443

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4139558844.78

**Total Liabilities:** $40274819.61

**Net Assets:** $4099284025.17

**Cash Not Reported:** $12761.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254544 | -0.56%               | 4.07%                | 2.66%                |
| Class ID C000254548 | -0.66%               | 3.98%                | 2.55%                |
| Class ID C000064272 | -0.56%               | 4.06%                | 2.67%                |
| Class ID C000019698 | -0.54%               | 4.04%                | 2.66%                |
| Class ID C000254546 | -0.59%               | 4.03%                | 2.63%                |
| Class ID C000254545 | -0.56%               | 4.05%                | 2.67%                |
| Class ID C000254547 | -0.61%               | 4.02%                | 2.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22683962.26             | $-44955009.26                              |
| Month 2  | $36877043.23             | $118227048.17                              |
| Month 3  | $44510509.36             | $63966216.76                               |

### Schedule of Portfolio Investments

| Name                                   | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BLUE OWL CAPITAL INC                   | BLUE OWL CAPITAL INC A                          | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2102300 | NS      | $33153271.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| CELSIUS HOLDINGS INC                   | CELSIUS HOLDINGS INC                            | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286500 | NS      | $17255895.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                          | COHERENT CORP                                   | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    215100 | NS      | $28384596.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                     | ENERGY TRANSFER LP                              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1091900 | NS      | $18376677.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HLDGS INC                      | ONEMAIN HOLDINGS INC                            | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |   1005000 | NS      | $59485950.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| KKR and CO INC                         | KKR and CO INC                                  | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    190900 | NS      | $22589197.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC                  | DELL TECHNOLOGIES INC CL C                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    187000 | NS      | $30295870.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                         | AMAZON.COM INC                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    347500 | NS      | $84866450.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COS INC                       | CARLISLE COS INC                                | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     38400 | NS      | $12481920.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| MICROSOFT CORP                         | MICROSOFT CORP                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    276500 | NS      | $143174465.00 | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                               | VISA INC CL A                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    118800 | NS      | $40479912.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES HARDIE INDUSTRIES PLC            | JAMES HARDIE IND PLC                            | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             | EC               | CORP              | IE        |   1260600 | NS      | $26384358.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP                  | ON SEMICONDUCTOR CORP                           | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    783396 | NS      | $39232471.68  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Studio City International Holdings Ltd | STUDIO CITY INTERNATIONAL HOLDINGS LTD ADR 144A | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    993219 | NS      | $3724571.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                     | META PLATFORMS INC CL A                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    294700 | NS      | $191068745.00 | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC          | APOLLO GLOBAL MANAGEMENT INC                    | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |   1055700 | NS      | $131234067.00 | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                | COMFORT SYSTEMS USA INC                         | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    149200 | NS      | $144064536.00 | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW COTAI LLC                          | NEW COTAI LLC PIK CONV 5% 02/24/2027            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    557069 | PA      | $687422.63    | 0.02%             | 2027-02-24      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| NXP SEMICONDUCTORS NV                  | NXP SEMICONDUCTORS NV                           | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    144600 | NS      | $30238752.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC              | FLUTTER ENTERTAINMENT PLC                       | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |     92000 | NS      | $21192871.13  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                     | VERTIV HOLDINGS CO                              | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    731500 | NS      | $141077090.00 | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC               | DICKS SPORTING GOODS INC                        | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |    248200 | NS      | $54963890.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                             | BYD COMPANY LTD H                               | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |   1189100 | NS      | $15394465.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                            | ORACLE CORP                                     | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    220800 | NS      | $57984288.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                          | DR HORTON INC                                   | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     64200 | NS      | $9570936.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO              | PERFORMANCE FOOD GROUP CO                       | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    116400 | NS      | $11260536.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                          | APPLOVIN CORP                                   | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     40900 | NS      | $26066797.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                          | PG and E CORP                                   | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    713858 | NS      | $11393173.68  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO               | SIMPSON MANUFACTURING CO                        | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |    107700 | NS      | $19009050.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Studio City International Holdings Ltd | STUDIO CITY INTERNATIONAL HOLDINGS LTD ADR      | CUSIP: 86389T106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1090629 | NS      | $4089858.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC               | MICROCHIP TECHNOLOGY                            | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    174910 | NS      | $10917882.20  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                 | MARVELL TECHNOLOGY INC                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284500 | NS      | $26669030.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW COTAI LLC / NEW COTAI CAP CORP     | NEW COTAI LLC/NEW COTAI CAPITAL CORP P/P        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    411029 | NS      | $135639.57    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MKS INC                                | MKS INC                                         | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    282900 | NS      | $40655559.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                   | THE BOOKING HOLDINGS INC                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2900 | NS      | $14725446.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP                       | BOYD GAMING CORP                                | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    642266 | NS      | $50013253.42  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| ATI INC                                | ATI INC                                         | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    466200 | NS      | $46139814.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                         | EATON CORP PLC                                  | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |    118000 | NS      | $45024080.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORP                   | PARKER HANNIFIN CORP                            | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    103700 | NS      | $80142471.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO           | ARTHUR J GALLAGHAR AND CO                       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    489100 | NS      | $122025559.00 | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMOURS CO                            | CHEMOURS CO/ THE                                | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    817428 | NS      | $10945360.92  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDAY.COM LTD                         | MONDAY.COM LTD                                  | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |    121900 | NS      | $25018756.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTE GROUP INC                        | PULTEGROUP INC                                  | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105900 | NS      | $12694233.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                 | BOSTON SCIENTIFIC CORP                          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    671900 | NS      | $67673768.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                    | TRANSDIGM GROUP INC                             | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22200 | NS      | $29048922.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                        | EMCOR GROUP INC                                 | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |    125500 | NS      | $84810390.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                           | BROADCOM INC                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    364400 | NS      | $134693172.00 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC                     | NVENT ELECTRIC PLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |    515700 | NS      | $58970295.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| ECHOSTAR CORP                          | ECHOSTAR CORP PIPE                              | CUSIP: N/A<br>LEI: 549300EE20907QZ9GT38       | Long             | EC               | CORP              | US        |    320970 | NS      | $24031023.90  | 0.59%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                   | ARES MANAGEMENT CORP CL A                       | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    296300 | NS      | $44062773.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                  | TENET HEALTHCARE CORP                           | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    143709 | NS      | $29674471.41  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust           | Fidelity Cash Central Fund                      | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   6881283 | NS      | $6882658.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HOLDINGS INC                       | IES HOLDINGS INC                                | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |     84500 | NS      | $33113860.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                 | TRANE TECHNOLOGIES PLC                          | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |    164800 | NS      | $73937520.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                              | BLOCK INC CL A                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    667700 | NS      | $50705138.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD        | TAIWAN SEMIC MFG CO LTD SP ADR                  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    409400 | NS      | $122996042.00 | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                          | TOPBUILD CORP                                   | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |    294300 | NS      | $124335864.00 | 3.03%             |  |  |  | No            |                  1 | On Loan: —       |
| WILLIAMS-SONOMA INC                    | WILLIAMS-SONOMA INC                             | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    127408 | NS      | $24760470.72  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTRACKER INC                         | NEXTRACKER INC CL A                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150800 | NS      | $15263976.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP              | CONSTELLATION ENERGY CORP                       | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    317600 | NS      | $119735200.00 | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS INC          | MARTIN MARIETTA MATERIALS INC                   | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     45900 | NS      | $28141290.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                               | KLA CORP                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     15300 | NS      | $18493722.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                            | SHOPIFY INC CL A                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    246000 | NS      | $42771779.97  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC               | BUILDERS FIRSTSOURCE                            | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    166503 | NS      | $19342653.51  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                    | ARISTA NETWORKS INC                             | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    345700 | NS      | $54513433.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                            | NETFLIX INC                                     | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     51500 | NS      | $57621290.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RIOT PLATFORMS INC                     | RIOT PLATFORMS INC                              | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |   1723900 | NS      | $34098742.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| EAGLE MATLS INC                        | EAGLE MATERIALS INC                             | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |    197000 | NS      | $41827040.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                  | MICRON TECHNOLOGY INC                           | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    313500 | NS      | $70151895.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust           | Fidelity Securities Lending Cash Central Fund   | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  37710246 | NS      | $37714016.77  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                            | NVIDIA CORP                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1279900 | NS      | $259166951.00 | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT HOLDINGS CORP                 | WILLSCOT HOLDINGS CORP                          | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    792900 | NS      | $17245575.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                         | MASTERCARD INC CL A                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     54100 | NS      | $29862659.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RED ROCK RESORTS INC                   | RED ROCK RESORTS INC                            | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    642300 | NS      | $34241013.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GENCO SHIPPING and TRADING LTD         | GENCO SHIPPING and TRADING LTD                  | CUSIP: N/A<br>LEI: 5493003MBZ5GU8QHXZ58       | Long             | EC               | CORP              | MH        |      1493 | NS      | $25440.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP                  | US FOODS HOLDING CORP                           | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    458200 | NS      | $33274484.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                            | VISTRA CORP                                     | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |   1061900 | NS      | $199955770.00 | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                            | MOODYS CORP                                     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     73200 | NS      | $35157960.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                           | ALPHABET INC CL A                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    424800 | NS      | $119449512.00 | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                  | UBER TECHNOLOGIES INC                           | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    489300 | NS      | $47217450.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer