# EDGAR Filing Document

**Accession Number:** 0001763146
**File Stem:** 0001763146-25-000004
**Filing Date:** 2025-8
**Character Count:** 27087
**Document Hash:** 803381faefa1fc4ec24d3423ef11c738
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001763146-25-000004.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001763146-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wahed Invest LLC
- **CENTRAL INDEX KEY:** 0001763146

**ORGANIZATION NAME:**
- **EIN:** 320465432
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22154
- **FILM NUMBER:** 251213818

**BUSINESS ADDRESS:**
- **STREET 1:** 27 EAST 28TH STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 855-976-4747

**MAIL ADDRESS:**
- **STREET 1:** 27 EAST 28TH STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

### FORM 13F COVER PAGE

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

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Wahed Invest LLC<br>**Address:** 27 EAST 28TH STREET<br>8TH FLOOR<br>NEW YORK, NY 10016

**Form 13F File Number:** 028-22154

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:** Jaime Kurtz<br>**Title:** Chief Compliance Officer<br>**Phone:** 212.653.0083

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

Jaime Kurtz  New York, NY  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 229

**Form 13F Information Table Value Total:** $656201363

      (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 |
| 3M Co | Common Stock | 88579Y101 |  | 2230163 | 14649 | SH |  | SOLE |  | 14649 | 0 | 0 |
| Abbott Laboratories | Common Stock | 002824100 |  | 6402398 | 47073 | SH |  | SOLE |  | 47073 | 0 | 0 |
| Adobe Inc | Common Stock | 00724F101 |  | 4476201 | 11570 | SH |  | SOLE |  | 11570 | 0 | 0 |
| Advanced Micro Devices Inc | Common Stock | 007903107 |  | 6212382 | 43780 | SH |  | SOLE |  | 43780 | 0 | 0 |
| Agilent Technologies Inc | Common Stock | 00846U101 |  | 912302 | 7747 | SH |  | SOLE |  | 7747 | 0 | 0 |
| Agnico Eagle Mines Ltd | Common Stock | 008474108 |  | 983070 | 8268 | SH |  | SOLE |  | 8268 | 0 | 0 |
| Akamai Technologies Inc | Common Stock | 00971T101 |  | 311143 | 3901 | SH |  | SOLE |  | 3901 | 0 | 0 |
| Alcon AG | Common Stock | H01301128 |  | 716110 | 8120 | SH |  | SOLE |  | 8120 | 0 | 0 |
| Alexandria Real Estate Equities Inc | REIT | 015271109 |  | 338673 | 4663 | SH |  | SOLE |  | 4663 | 0 | 0 |
| Align Technology Inc | Common Stock | 016255101 |  | 352911 | 1864 | SH |  | SOLE |  | 1864 | 0 | 0 |
| Allegion plc | Common Stock | G0176J109 |  | 337240 | 2340 | SH |  | SOLE |  | 2340 | 0 | 0 |
| Alphabet Inc | Common Stock | 02079K107 |  | 22824593 | 128669 | SH |  | SOLE |  | 128669 | 0 | 0 |
| Alphabet Inc | Common Stock | 02079K305 |  | 27848217 | 158022 | SH |  | SOLE |  | 158022 | 0 | 0 |
| Analog Devices Inc | Common Stock | 032654105 |  | 3210413 | 13488 | SH |  | SOLE |  | 13488 | 0 | 0 |
| ANSYS Inc | Common Stock | 03662Q105 |  | 836957 | 2383 | SH |  | SOLE |  | 2383 | 0 | 0 |
| Apple Inc | Common Stock | 037833100 |  | 82219415 | 400738 | SH |  | SOLE |  | 400738 | 0 | 0 |
| Applied Materials Inc | Common Stock | 038222105 |  | 4041270 | 22075 | SH |  | SOLE |  | 22075 | 0 | 0 |
| Aptiv PLC | Common Stock | G3265R107 |  | 424464 | 6222 | SH |  | SOLE |  | 6222 | 0 | 0 |
| Archer-Daniels-Midland Co | Common Stock | 039483102 |  | 685823 | 12994 | SH |  | SOLE |  | 12994 | 0 | 0 |
| AT Inc | Common Stock | 00206R102 |  | 5518771 | 190697 | SH |  | SOLE |  | 190697 | 0 | 0 |
| Atmos Energy Corp | Common Stock | 049560105 |  | 653272 | 4239 | SH |  | SOLE |  | 4239 | 0 | 0 |
| Autodesk Inc | Common Stock | 052769106 |  | 1793029 | 5792 | SH |  | SOLE |  | 5792 | 0 | 0 |
| Avantor Inc | Common Stock | 05352A100 |  | 241714 | 17958 | SH |  | SOLE |  | 17958 | 0 | 0 |
| Axon Enterprise Inc | Common Stock | 05464C101 |  | 1664159 | 2010 | SH |  | SOLE |  | 2010 | 0 | 0 |
| Baker Hughes Co | Common Stock | 05722G100 |  | 1027051 | 26788 | SH |  | SOLE |  | 26788 | 0 | 0 |
| Barrick Mining Corp | Common Stock | 06849F108 |  | 593656 | 28573 | SH |  | SOLE |  | 28573 | 0 | 0 |
| Becton Dickinson  Co | Common Stock | 075887109 |  | 1339416 | 7776 | SH |  | SOLE |  | 7776 | 0 | 0 |
| Biogen Inc | Common Stock | 09062X103 |  | 498843 | 3972 | SH |  | SOLE |  | 3972 | 0 | 0 |
| BioMarin Pharmaceutical Inc | Common Stock | 09061G101 |  | 283920 | 5165 | SH |  | SOLE |  | 5165 | 0 | 0 |
| Bio-Techne Corp | Common Stock | 09073M104 |  | 219382 | 4264 | SH |  | SOLE |  | 4264 | 0 | 0 |
| Boston Scientific Corp | Common Stock | 101137107 |  | 4310148 | 40128 | SH |  | SOLE |  | 40128 | 0 | 0 |
| Bunge Global SA | Common Stock | H11356104 |  | 289891 | 3611 | SH |  | SOLE |  | 3611 | 0 | 0 |
| Burlington Stores Inc | Common Stock | 122017106 |  | 397581 | 1709 | SH |  | SOLE |  | 1709 | 0 | 0 |
| Cadence Design Systems Inc | Common Stock | 127387108 |  | 2285856 | 7418 | SH |  | SOLE |  | 7418 | 0 | 0 |
| CANADIAN NAT RES LTD | Common Stock | 136385101 |  | 1064965 | 33952 | SH |  | SOLE |  | 33952 | 0 | 0 |
| Canadian National Railway Co | Common Stock | 136375102 |  | 926834 | 8913 | SH |  | SOLE |  | 8913 | 0 | 0 |
| Canadian Pacific Kansas City Ltd | Common Stock | 13646K108 |  | 1179792 | 14881 | SH |  | SOLE |  | 14881 | 0 | 0 |
| Cardinal Health Inc | Common Stock | 14149Y108 |  | 1099734 | 6566 | SH |  | SOLE |  | 6566 | 0 | 0 |
| Carrier Global Corp | Common Stock | 14448C104 |  | 1602568 | 21896 | SH |  | SOLE |  | 21896 | 0 | 0 |
| Cencora Inc | Common Stock | 03073E105 |  | 1414692 | 4718 | SH |  | SOLE |  | 4718 | 0 | 0 |
| Cenovus Energy Inc | Common Stock | 15135U109 |  | 405758 | 29879 | SH |  | SOLE |  | 29879 | 0 | 0 |
| CF Industries Holdings Inc | Common Stock | 125269100 |  | 414276 | 4503 | SH |  | SOLE |  | 4503 | 0 | 0 |
| Chevron Corp | Common Stock | 166764100 |  | 6349187 | 44341 | SH |  | SOLE |  | 44341 | 0 | 0 |
| Church  Dwight Co Inc | Common Stock | 171340102 |  | 642591 | 6686 | SH |  | SOLE |  | 6686 | 0 | 0 |
| Cintas Corp | Common Stock | 172908105 |  | 2083165 | 9347 | SH |  | SOLE |  | 9347 | 0 | 0 |
| Cisco Systems Inc | Common Stock | 17275R102 |  | 7507124 | 108203 | SH |  | SOLE |  | 108203 | 0 | 0 |
| ConocoPhillips | Common Stock | 20825C104 |  | 3088222 | 34413 | SH |  | SOLE |  | 34413 | 0 | 0 |
| Cooper Cos Inc/The | Common Stock | 216648501 |  | 385331 | 5415 | SH |  | SOLE |  | 5415 | 0 | 0 |
| Corning Inc | Common Stock | 219350105 |  | 1116222 | 21225 | SH |  | SOLE |  | 21225 | 0 | 0 |
| Corteva Inc | Common Stock | 22052L104 |  | 1386108 | 18598 | SH |  | SOLE |  | 18598 | 0 | 0 |
| Coupang Inc | Common Stock | 22266T109 |  | 633803 | 21155 | SH |  | SOLE |  | 21155 | 0 | 0 |
| CRH PLC | Common Stock | G25508105 |  | 1692516 | 18437 | SH |  | SOLE |  | 18437 | 0 | 0 |
| Cummins Inc | Common Stock | 231021106 |  | 1204872 | 3679 | SH |  | SOLE |  | 3679 | 0 | 0 |
| Danaher Corp | Common Stock | 235851102 |  | 3426133 | 17344 | SH |  | SOLE |  | 17344 | 0 | 0 |
| Dell Technologies Inc | Common Stock | 24703L202 |  | 1059631 | 8643 | SH |  | SOLE |  | 8643 | 0 | 0 |
| Delta Air Lines Inc | Common Stock | 247361702 |  | 218703 | 4447 | SH |  | SOLE |  | 4447 | 0 | 0 |
| Devon Energy Corp | Common Stock | 25179M103 |  | 537748 | 16905 | SH |  | SOLE |  | 16905 | 0 | 0 |
| Digital Realty Trust Inc | REIT | 253868103 |  | 1598606 | 9170 | SH |  | SOLE |  | 9170 | 0 | 0 |
| Docusign Inc | Common Stock | 256163106 |  | 423332 | 5435 | SH |  | SOLE |  | 5435 | 0 | 0 |
| Dollar Tree Inc | Common Stock | 256746108 |  | 546304 | 5516 | SH |  | SOLE |  | 5516 | 0 | 0 |
| Dover Corp | Common Stock | 260003108 |  | 675569 | 3687 | SH |  | SOLE |  | 3687 | 0 | 0 |
| Dow Inc | Common Stock | 260557103 |  | 509369 | 19236 | SH |  | SOLE |  | 19236 | 0 | 0 |
| DR Horton Inc | Common Stock | 23331A109 |  | 961614 | 7459 | SH |  | SOLE |  | 7459 | 0 | 0 |
| DuPont de Nemours Inc | Common Stock | 26614N102 |  | 780417 | 11378 | SH |  | SOLE |  | 11378 | 0 | 0 |
| eBay Inc | Common Stock | 278642103 |  | 932313 | 12521 | SH |  | SOLE |  | 12521 | 0 | 0 |
| Ecolab Inc | Common Stock | 278865100 |  | 1823839 | 6769 | SH |  | SOLE |  | 6769 | 0 | 0 |
| Edwards Lifesciences Corp | Common Stock | 28176E108 |  | 1223751 | 15647 | SH |  | SOLE |  | 15647 | 0 | 0 |
| Electronic Arts Inc | Common Stock | 285512109 |  | 1132432 | 7091 | SH |  | SOLE |  | 7091 | 0 | 0 |
| Emerson Electric Co | Common Stock | 291011104 |  | 2042882 | 15322 | SH |  | SOLE |  | 15322 | 0 | 0 |
| EOG Resources Inc | Common Stock | 26875P101 |  | 1795824 | 15014 | SH |  | SOLE |  | 15014 | 0 | 0 |
| EPAM Systems Inc | Common Stock | 29414B104 |  | 263108 | 1488 | SH |  | SOLE |  | 1488 | 0 | 0 |
| Estee Lauder Cos Inc/The | Common Stock | 518439104 |  | 513403 | 6354 | SH |  | SOLE |  | 6354 | 0 | 0 |
| Expand Energy Corp | Common Stock | 165167735 |  | 698599 | 5974 | SH |  | SOLE |  | 5974 | 0 | 0 |
| Expeditors International of Washington Inc | Common Stock | 302130109 |  | 425809 | 3727 | SH |  | SOLE |  | 3727 | 0 | 0 |
| Exxon Mobil Corp | Common Stock | 30231G102 |  | 12698947 | 117801 | SH |  | SOLE |  | 117801 | 0 | 0 |
| F5 Inc | Common Stock | 315616102 |  | 460905 | 1566 | SH |  | SOLE |  | 1566 | 0 | 0 |
| Fastenal Co | Common Stock | 311900104 |  | 1310652 | 31206 | SH |  | SOLE |  | 31206 | 0 | 0 |
| FedEx Corp | Common Stock | 31428X106 |  | 1345220 | 5918 | SH |  | SOLE |  | 5918 | 0 | 0 |
| Ferguson Enterprises Inc | Common Stock | 31488V107 |  | 1146453 | 5265 | SH |  | SOLE |  | 5265 | 0 | 0 |
| Ferrari NV | Common Stock | N3167Y103 |  | 978828 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| First Solar Inc | Common Stock | 336433107 |  | 456890 | 2760 | SH |  | SOLE |  | 2760 | 0 | 0 |
| Flex Ltd | Common Stock | Y2573F102 |  | 517271 | 10362 | SH |  | SOLE |  | 10362 | 0 | 0 |
| Fortive Corp | Common Stock | 34959J108 |  | 481107 | 9229 | SH |  | SOLE |  | 9229 | 0 | 0 |
| Garmin Ltd | Common Stock | H2906T109 |  | 888312 | 4256 | SH |  | SOLE |  | 4256 | 0 | 0 |
| Gartner Inc | Common Stock | 366651107 |  | 823396 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| GE HealthCare Technologies Inc | Common Stock | 36266G107 |  | 921653 | 12443 | SH |  | SOLE |  | 12443 | 0 | 0 |
| GE Vernova Inc | Common Stock | 36828A101 |  | 3933171 | 7433 | SH |  | SOLE |  | 7433 | 0 | 0 |
| Genuine Parts Co | Common Stock | 372460105 |  | 457460 | 3771 | SH |  | SOLE |  | 3771 | 0 | 0 |
| Gilead Sciences Inc | Common Stock | 375558103 |  | 3753614 | 33856 | SH |  | SOLE |  | 33856 | 0 | 0 |
| GLOBALFOUNDRIES Inc | Common Stock | G39387108 |  | 103407 | 2707 | SH |  | SOLE |  | 2707 | 0 | 0 |
| Halliburton Co | Common Stock | 406216101 |  | 463359 | 22736 | SH |  | SOLE |  | 22736 | 0 | 0 |
| Hershey Co/The | Common Stock | 427866108 |  | 657162 | 3960 | SH |  | SOLE |  | 3960 | 0 | 0 |
| Hess Corp | Common Stock | 42809H107 |  | 1060385 | 7654 | SH |  | SOLE |  | 7654 | 0 | 0 |
| Hewlett Packard Enterprise Co | Common Stock | 42824C109 |  | 728960 | 35646 | SH |  | SOLE |  | 35646 | 0 | 0 |
| Hologic Inc | Common Stock | 436440101 |  | 395130 | 6064 | SH |  | SOLE |  | 6064 | 0 | 0 |
| HP Inc | Common Stock | 40434L105 |  | 627154 | 25640 | SH |  | SOLE |  | 25640 | 0 | 0 |
| Hubbell Inc | Common Stock | 443510607 |  | 594236 | 1455 | SH |  | SOLE |  | 1455 | 0 | 0 |
| ICON PLC | Common Stock | G4705A100 |  | 325226 | 2236 | SH |  | SOLE |  | 2236 | 0 | 0 |
| IDEX Corp | Common Stock | 45167R104 |  | 360796 | 2055 | SH |  | SOLE |  | 2055 | 0 | 0 |
| IDEXX Laboratories Inc | Common Stock | 45168D104 |  | 1176729 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| Illumina Inc | Common Stock | 452327109 |  | 407305 | 4269 | SH |  | SOLE |  | 4269 | 0 | 0 |
| INFOSYS LTD | ADR | 456788108 |  | 1108131 | 59802 | SH |  | SOLE |  | 59802 | 0 | 0 |
| Ingersoll Rand Inc | Common Stock | 45687V106 |  | 912650 | 10972 | SH |  | SOLE |  | 10972 | 0 | 0 |
| Insulet Corp | Common Stock | 45784P101 |  | 599141 | 1907 | SH |  | SOLE |  | 1907 | 0 | 0 |
| Intel Corp | Common Stock | 458140100 |  | 2569840 | 114725 | SH |  | SOLE |  | 114725 | 0 | 0 |
| International Flavors  Fragrances Inc | Common Stock | 459506101 |  | 512275 | 6965 | SH |  | SOLE |  | 6965 | 0 | 0 |
| International Paper Co | Common Stock | 460146103 |  | 667233 | 14248 | SH |  | SOLE |  | 14248 | 0 | 0 |
| Interpublic Group of Cos Inc/The | Common Stock | 460690100 |  | 245460 | 10027 | SH |  | SOLE |  | 10027 | 0 | 0 |
| Intuitive Surgical Inc | Common Stock | 46120E602 |  | 5259121 | 9678 | SH |  | SOLE |  | 9678 | 0 | 0 |
| Jacobs Solutions Inc | Common Stock | 46982L108 |  | 433785 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| JB Hunt Transport Services Inc | Common Stock | 445658107 |  | 311612 | 2170 | SH |  | SOLE |  | 2170 | 0 | 0 |
| JD.com Inc | ADR | 47215P106 |  | 782152 | 23963 | SH |  | SOLE |  | 23963 | 0 | 0 |
| Johnson  Johnson | Common Stock | 478160104 |  | 9992905 | 65420 | SH |  | SOLE |  | 65420 | 0 | 0 |
| Johnson Controls International plc | Common Stock | G51502105 |  | 1895562 | 17947 | SH |  | SOLE |  | 17947 | 0 | 0 |
| Juniper Networks Inc | Common Stock | 48203R104 |  | 356255 | 8922 | SH |  | SOLE |  | 8922 | 0 | 0 |
| Kenvue Inc | Common Stock | 49177J102 |  | 1081201 | 51658 | SH |  | SOLE |  | 51658 | 0 | 0 |
| Keurig Dr Pepper Inc | Common Stock | 49271V100 |  | 1087574 | 32897 | SH |  | SOLE |  | 32897 | 0 | 0 |
| KLA CORP | Common Stock | 482480100 |  | 3240787 | 3618 | SH |  | SOLE |  | 3618 | 0 | 0 |
| Labcorp Holdings Inc | Common Stock | 504922105 |  | 596422 | 2272 | SH |  | SOLE |  | 2272 | 0 | 0 |
| Lam Research Corp | Common Stock | 512807306 |  | 3383635 | 34761 | SH |  | SOLE |  | 34761 | 0 | 0 |
| Lennar Corp | Common Stock | 526057104 |  | 686666 | 6208 | SH |  | SOLE |  | 6208 | 0 | 0 |
| Lennar Corp | Common Stock | 526057302 |  | 27365 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| Liberty Media Corp-Liberty Formula One | Tracking Stk | 531229771 |  | 58590 | 617 | SH |  | SOLE |  | 617 | 0 | 0 |
| Liberty Media Corp-Liberty Formula One | Tracking Stk | 531229755 |  | 595859 | 5702 | SH |  | SOLE |  | 5702 | 0 | 0 |
| Linde PLC | Common Stock | G54950103 |  | 5990021 | 12767 | SH |  | SOLE |  | 12767 | 0 | 0 |
| Lululemon Athletica Inc | Common Stock | 550021109 |  | 679953 | 2862 | SH |  | SOLE |  | 2862 | 0 | 0 |
| LyondellBasell Industries NV | Common Stock | N53745100 |  | 402937 | 6964 | SH |  | SOLE |  | 6964 | 0 | 0 |
| Marathon Petroleum Corp | Common Stock | 56585A102 |  | 1407283 | 8472 | SH |  | SOLE |  | 8472 | 0 | 0 |
| Martin Marietta Materials Inc | Common Stock | 573284106 |  | 895353 | 1631 | SH |  | SOLE |  | 1631 | 0 | 0 |
| MARVELL TECHNOLOGY INC | Common Stock | 573874104 |  | 1818900 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| McCormick  Co Inc/MD | Common Stock | 579780206 |  | 521869 | 6883 | SH |  | SOLE |  | 6883 | 0 | 0 |
| McKesson Corp | Common Stock | 58155Q103 |  | 2500245 | 3412 | SH |  | SOLE |  | 3412 | 0 | 0 |
| Medtronic PLC | Common Stock | G5960L103 |  | 3039007 | 34863 | SH |  | SOLE |  | 34863 | 0 | 0 |
| Merck  Co Inc | Common Stock | 58933Y105 |  | 5422222 | 68497 | SH |  | SOLE |  | 68497 | 0 | 0 |
| Meta Platforms Inc | Common Stock | 30303M102 |  | 43810070 | 59356 | SH |  | SOLE |  | 59356 | 0 | 0 |
| Micron Technology Inc | Common Stock | 595112103 |  | 3743718 | 30375 | SH |  | SOLE |  | 30375 | 0 | 0 |
| Microsoft Corp | Common Stock | 594918104 |  | 100286809 | 201618 | SH |  | SOLE |  | 201618 | 0 | 0 |
| MicroStrategy Inc | Common Stock | 594972408 |  | 2744721 | 6790 | SH |  | SOLE |  | 6790 | 0 | 0 |
| Mondelez International Inc | Common Stock | 609207105 |  | 2375304 | 35221 | SH |  | SOLE |  | 35221 | 0 | 0 |
| Monolithic Power Systems Inc | Common Stock | 609839105 |  | 920076 | 1258 | SH |  | SOLE |  | 1258 | 0 | 0 |
| Monster Beverage Corp | Common Stock | 61174X109 |  | 1187904 | 18964 | SH |  | SOLE |  | 18964 | 0 | 0 |
| Motorola Solutions Inc | Common Stock | 620076307 |  | 1904263 | 4529 | SH |  | SOLE |  | 4529 | 0 | 0 |
| NetApp Inc | Common Stock | 64110D104 |  | 588369 | 5522 | SH |  | SOLE |  | 5522 | 0 | 0 |
| Newmont Corp | Common Stock | 651639106 |  | 1763122 | 30263 | SH |  | SOLE |  | 30263 | 0 | 0 |
| News Corp | Common Stock | 65249B208 |  | 104371 | 3042 | SH |  | SOLE |  | 3042 | 0 | 0 |
| News Corp | Common Stock | 65249B109 |  | 305878 | 10292 | SH |  | SOLE |  | 10292 | 0 | 0 |
| NIKE Inc | Common Stock | 654106103 |  | 2234492 | 31454 | SH |  | SOLE |  | 31454 | 0 | 0 |
| Nucor Corp | Common Stock | 670346105 |  | 808847 | 6244 | SH |  | SOLE |  | 6244 | 0 | 0 |
| NXP Semiconductors NV | Common Stock | N6596X109 |  | 1510858 | 6915 | SH |  | SOLE |  | 6915 | 0 | 0 |
| Occidental Petroleum Corp | Common Stock | 674599105 |  | 769119 | 18308 | SH |  | SOLE |  | 18308 | 0 | 0 |
| Okta Inc | Common Stock | 679295105 |  | 441767 | 4419 | SH |  | SOLE |  | 4419 | 0 | 0 |
| Old Dominion Freight Line Inc | Common Stock | 679580100 |  | 822211 | 5066 | SH |  | SOLE |  | 5066 | 0 | 0 |
| Omnicom Group Inc | Common Stock | 681919106 |  | 378044 | 5255 | SH |  | SOLE |  | 5255 | 0 | 0 |
| ON Semiconductor Corp | Common Stock | 682189105 |  | 600671 | 11461 | SH |  | SOLE |  | 11461 | 0 | 0 |
| PACCAR Inc | Common Stock | 693718108 |  | 1331790 | 14010 | SH |  | SOLE |  | 14010 | 0 | 0 |
| Packaging Corp of America | Common Stock | 695156109 |  | 452468 | 2401 | SH |  | SOLE |  | 2401 | 0 | 0 |
| Palo Alto Networks Inc | Common Stock | 697435105 |  | 3636043 | 17768 | SH |  | SOLE |  | 17768 | 0 | 0 |
| PDD Holdings Inc | ADR | 722304102 |  | 1242418 | 11871 | SH |  | SOLE |  | 11871 | 0 | 0 |
| Pentair PLC | Common Stock | G7S00T104 |  | 456529 | 4447 | SH |  | SOLE |  | 4447 | 0 | 0 |
| Pfizer Inc | Common Stock | 717081103 |  | 3743601 | 154439 | SH |  | SOLE |  | 154439 | 0 | 0 |
| Phillips 66 | Common Stock | 718546104 |  | 1322082 | 11082 | SH |  | SOLE |  | 11082 | 0 | 0 |
| Pool Corp | Common Stock | 73278L105 |  | 284775 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| PPG Industries Inc | Common Stock | 693506107 |  | 702861 | 6179 | SH |  | SOLE |  | 6179 | 0 | 0 |
| Procter  Gamble Co/The | Common Stock | 742718109 |  | 10173219 | 63854 | SH |  | SOLE |  | 63854 | 0 | 0 |
| Prologis Inc | REIT | 74340W103 |  | 2650811 | 25217 | SH |  | SOLE |  | 25217 | 0 | 0 |
| PTC Inc | Common Stock | 69370C100 |  | 558726 | 3242 | SH |  | SOLE |  | 3242 | 0 | 0 |
| PulteGroup Inc | Common Stock | 745867101 |  | 572647 | 5430 | SH |  | SOLE |  | 5430 | 0 | 0 |
| QUALCOMM Inc | Common Stock | 747525103 |  | 4759644 | 29886 | SH |  | SOLE |  | 29886 | 0 | 0 |
| Quanta Services Inc | Common Stock | 74762E102 |  | 1513431 | 4004 | SH |  | SOLE |  | 4004 | 0 | 0 |
| Ralliant Corp | Common Stock | 750940108 |  | 149171 | 3076 | SH |  | SOLE |  | 3076 | 0 | 0 |
| ResMed Inc | Common Stock | 761152107 |  | 1024002 | 3969 | SH |  | SOLE |  | 3969 | 0 | 0 |
| Revvity Inc | Common Stock | 714046109 |  | 315887 | 3266 | SH |  | SOLE |  | 3266 | 0 | 0 |
| Rockwell Automation Inc | Common Stock | 773903109 |  | 1022087 | 3077 | SH |  | SOLE |  | 3077 | 0 | 0 |
| Rollins Inc | Common Stock | 775711104 |  | 430484 | 7630 | SH |  | SOLE |  | 7630 | 0 | 0 |
| Roper Technologies Inc | Common Stock | 776696106 |  | 1654605 | 2919 | SH |  | SOLE |  | 2919 | 0 | 0 |
| Ross Stores Inc | Common Stock | 778296103 |  | 1117345 | 8758 | SH |  | SOLE |  | 8758 | 0 | 0 |
| Salesforce Inc | Common Stock | 79466L302 |  | 6921417 | 25382 | SH |  | SOLE |  | 25382 | 0 | 0 |
| Sandisk Corp/DE | Common Stock | 80004C200 |  | 145981 | 3219 | SH |  | SOLE |  | 3219 | 0 | 0 |
| Schlumberger NV | Common Stock | 806857108 |  | 1249890 | 36979 | SH |  | SOLE |  | 36979 | 0 | 0 |
| ServiceNow Inc | Common Stock | 81762P102 |  | 5776781 | 5619 | SH |  | SOLE |  | 5619 | 0 | 0 |
| Snap-on Inc | Common Stock | 833034101 |  | 433784 | 1394 | SH |  | SOLE |  | 1394 | 0 | 0 |
| Southern Copper Corp | Common Stock | 84265V105 |  | 224753 | 2222 | SH |  | SOLE |  | 2222 | 0 | 0 |
| Southwest Airlines Co | Common Stock | 844741108 |  | 125899 | 3881 | SH |  | SOLE |  | 3881 | 0 | 0 |
| Stanley Black  Decker Inc | Common Stock | 854502101 |  | 284685 | 4202 | SH |  | SOLE |  | 4202 | 0 | 0 |
| Steel Dynamics Inc | Common Stock | 858119100 |  | 472612 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| STERIS PLC | Common Stock | G8473T100 |  | 641387 | 2670 | SH |  | SOLE |  | 2670 | 0 | 0 |
| Stryker Corp | Common Stock | 863667101 |  | 3702305 | 9358 | SH |  | SOLE |  | 9358 | 0 | 0 |
| Suncor Energy Inc | Common Stock | 867224107 |  | 1137360 | 30424 | SH |  | SOLE |  | 30424 | 0 | 0 |
| Super Micro Computer Inc | Common Stock | 86800U302 |  | 642472 | 13109 | SH |  | SOLE |  | 13109 | 0 | 0 |
| Synopsys Inc | Common Stock | 871607107 |  | 2151205 | 4196 | SH |  | SOLE |  | 4196 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | ADR | 874039100 |  | 17483669 | 77194 | SH |  | SOLE |  | 77194 | 0 | 0 |
| Take-Two Interactive Software Inc | Common Stock | 874054109 |  | 1138723 | 4689 | SH |  | SOLE |  | 4689 | 0 | 0 |
| TE Connectivity PLC | Common Stock | G87052109 |  | 1406033 | 8336 | SH |  | SOLE |  | 8336 | 0 | 0 |
| Teradyne Inc | Common Stock | 880770102 |  | 386206 | 4295 | SH |  | SOLE |  | 4295 | 0 | 0 |
| Tesla Inc | Common Stock | 88160R101 |  | 24290507 | 76467 | SH |  | SOLE |  | 76467 | 0 | 0 |
| Texas Instruments Inc | Common Stock | 882508104 |  | 5129667 | 24707 | SH |  | SOLE |  | 24707 | 0 | 0 |
| Texas Pacific Land Corp | Common Stock | 88262P102 |  | 551435 | 522 | SH |  | SOLE |  | 522 | 0 | 0 |
| Thermo Fisher Scientific Inc | Common Stock | 883556102 |  | 4162857 | 10267 | SH |  | SOLE |  | 10267 | 0 | 0 |
| TJX Cos Inc/The | Common Stock | 872540109 |  | 3755083 | 30408 | SH |  | SOLE |  | 30408 | 0 | 0 |
| Tractor Supply Co | Common Stock | 892356106 |  | 762632 | 14452 | SH |  | SOLE |  | 14452 | 0 | 0 |
| Trane Technologies PLC | Common Stock | G8994E103 |  | 2651142 | 6061 | SH |  | SOLE |  | 6061 | 0 | 0 |
| Trimble Inc | Common Stock | 896239100 |  | 492122 | 6477 | SH |  | SOLE |  | 6477 | 0 | 0 |
| TRIP.COM GROUP | ADR | 89677Q107 |  | 545117 | 9296 | SH |  | SOLE |  | 9296 | 0 | 0 |
| Twilio Inc | Common Stock | 90138F102 |  | 478039 | 3844 | SH |  | SOLE |  | 3844 | 0 | 0 |
| Tyler Technologies Inc | Common Stock | 902252105 |  | 687101 | 1159 | SH |  | SOLE |  | 1159 | 0 | 0 |
| Uber Technologies Inc | Common Stock | 90353T100 |  | 5106495 | 54732 | SH |  | SOLE |  | 54732 | 0 | 0 |
| ULTA BEAUTY INC | Common Stock | 90384S303 |  | 574482 | 1228 | SH |  | SOLE |  | 1228 | 0 | 0 |
| United Airlines Holdings Inc | Common Stock | 910047109 |  | 177176 | 2225 | SH |  | SOLE |  | 2225 | 0 | 0 |
| United Parcel Service Inc | Common Stock | 911312106 |  | 2014156 | 19954 | SH |  | SOLE |  | 19954 | 0 | 0 |
| Universal Health Services Inc | Common Stock | 913903100 |  | 271181 | 1497 | SH |  | SOLE |  | 1497 | 0 | 0 |
| Valero Energy Corp | Common Stock | 91913Y100 |  | 1140688 | 8486 | SH |  | SOLE |  | 8486 | 0 | 0 |
| Veralto Corp | Common Stock | 92338C103 |  | 654357 | 6482 | SH |  | SOLE |  | 6482 | 0 | 0 |
| Vertiv Holdings Co | Common Stock | 92537N108 |  | 1278963 | 9960 | SH |  | SOLE |  | 9960 | 0 | 0 |
| Viatris Inc | Common Stock | 92556V106 |  | 287903 | 32240 | SH |  | SOLE |  | 32240 | 0 | 0 |
| Vulcan Materials Co | Common Stock | 929160109 |  | 926432 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| Waste Connections Inc | Common Stock | 94106B101 |  | 849176 | 4555 | SH |  | SOLE |  | 4555 | 0 | 0 |
| Waters Corp | Common Stock | 941848103 |  | 564746 | 1618 | SH |  | SOLE |  | 1618 | 0 | 0 |
| Welltower Inc | REIT | 95040Q104 |  | 2738085 | 17811 | SH |  | SOLE |  | 17811 | 0 | 0 |
| West Pharmaceutical Services Inc | Common Stock | 955306105 |  | 425784 | 1946 | SH |  | SOLE |  | 1946 | 0 | 0 |
| Western Digital Corp | Common Stock | 958102105 |  | 602145 | 9410 | SH |  | SOLE |  | 9410 | 0 | 0 |
| Westinghouse Air Brake Technologies Corp | Common Stock | 929740108 |  | 965103 | 4610 | SH |  | SOLE |  | 4610 | 0 | 0 |
| Westlake Corp | Common Stock | 960413102 |  | 68868 | 907 | SH |  | SOLE |  | 907 | 0 | 0 |
| Weyerhaeuser Co | REIT | 962166104 |  | 506144 | 19702 | SH |  | SOLE |  | 19702 | 0 | 0 |
| Wheaton Precious Metals Corp | Common Stock | 962879102 |  | 897471 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Williams-Sonoma Inc | Common Stock | 969904101 |  | 526051 | 3220 | SH |  | SOLE |  | 3220 | 0 | 0 |
| WW Grainger Inc | Common Stock | 384802104 |  | 1204597 | 1158 | SH |  | SOLE |  | 1158 | 0 | 0 |
| Xylem Inc/NY | Common Stock | 98419M100 |  | 835018 | 6455 | SH |  | SOLE |  | 6455 | 0 | 0 |
| Zebra Technologies Corp | Common Stock | 989207105 |  | 425845 | 1381 | SH |  | SOLE |  | 1381 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | Common Stock | 98956P102 |  | 491074 | 5384 | SH |  | SOLE |  | 5384 | 0 | 0 |

---