# EDGAR Filing Document

**Accession Number:** 0001990849
**File Stem:** 0001990849-25-000009
**Filing Date:** 2025-10
**Character Count:** 28856
**Document Hash:** 12cf4dbbdb7bb5bc322811b972d20299
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001990849-25-000009.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001990849-25-000009

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**EFFECTIVENESS DATE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LECAP ASSET MANAGEMENT LTD
- **CENTRAL INDEX KEY:** 0001990849

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23546
- **FILM NUMBER:** 251411942

**BUSINESS ADDRESS:**
- **STREET 1:** MICHELIN HOUSE
- **STREET 2:** 81 FULHAM ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 6RD
- **BUSINESS PHONE:** 0011442031963166

**MAIL ADDRESS:**
- **STREET 1:** MICHELIN HOUSE
- **STREET 2:** 81 FULHAM ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 6RD

### 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:** LECAP ASSET MANAGEMENT LTD<br>**Address:** MICHELIN HOUSE<br>81 FULHAM ROAD<br>LONDON, X0 SW3 6RD

**Form 13F File Number:** 028-23546

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:** Robert Green<br>**Title:** COO<br>**Phone:** 02031963166

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

Mr R C Green  London, X0  10-23-2025<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:** 266

**Form 13F Information Table Value Total:** $287683247

      (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 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1510918 | 6127 | SH |  | SOLE |  | 6127 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 455284 | 1322 | SH |  | SOLE |  | 1322 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1169014 | 3314 | SH |  | SOLE |  | 3314 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 1280756 | 9234 | SH |  | SOLE |  | 9234 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1399484 | 8650 | SH |  | SOLE |  | 8650 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 901296 | 12333 | SH |  | SOLE |  | 12333 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 593622 | 4889 | SH |  | SOLE |  | 4889 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 433086 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 489841 | 2762 | SH |  | SOLE |  | 2762 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 1356637 | 15983 | SH |  | SOLE |  | 15983 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2516986 | 11726 | SH |  | SOLE |  | 11726 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 646608 | 1418 | SH |  | SOLE |  | 1418 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1144618 | 5213 | SH |  | SOLE |  | 5213 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 561340 | 23438 | SH |  | SOLE |  | 23438 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 507524 | 14605 | SH |  | SOLE |  | 14605 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 458682 | 40808 | SH |  | SOLE |  | 40808 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 885980 | 26646 | SH |  | SOLE |  | 26646 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2367667 | 30146 | SH |  | SOLE |  | 30146 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2247259 | 11685 | SH |  | SOLE |  | 11685 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 2053425 | 4180 | SH |  | SOLE |  | 4180 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 423752 | 2254 | SH |  | SOLE |  | 2254 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1644266 | 13287 | SH |  | SOLE |  | 13287 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1317689 | 5363 | SH |  | SOLE |  | 5363 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 223313 | 9868 | SH |  | SOLE |  | 9868 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 863814 | 3309 | SH |  | SOLE |  | 3309 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1045590 | 12127 | SH |  | SOLE |  | 12127 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 525690 | 5794 | SH |  | SOLE |  | 5794 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 473703 | 3251 | SH |  | SOLE |  | 3251 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 1098832 | 5606 | SH |  | SOLE |  | 5606 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 743257 | 3796 | SH |  | SOLE |  | 3796 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1372113 | 4675 | SH |  | SOLE |  | 4675 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 632683 | 2892 | SH |  | SOLE |  | 2892 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 363555 | 7047 | SH |  | SOLE |  | 7047 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 1494492 | 58016 | SH |  | SOLE |  | 58016 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 679704 | 1352 | SH |  | SOLE |  | 1352 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 2290076 | 30284 | SH |  | SOLE |  | 30284 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 217127 | 4009 | SH |  | SOLE |  | 4009 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 807170 | 17838 | SH |  | SOLE |  | 17838 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 275363 | 51 | SH |  | SOLE |  | 51 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 1060946 | 9772 | SH |  | SOLE |  | 9772 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 332297 | 7368 | SH |  | SOLE |  | 7368 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 2265162 | 6866 | SH |  | SOLE |  | 6866 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 2704897 | 11357 | SH |  | SOLE |  | 11357 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 872599 | 32223 | SH |  | SOLE |  | 32223 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 458752 | 6171 | SH |  | SOLE |  | 6171 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 547391 | 20255 | SH |  | SOLE |  | 20255 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 509768 | 4774 | SH |  | SOLE |  | 4774 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1439167 | 6770 | SH |  | SOLE |  | 6770 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 1616055 | 10146 | SH |  | SOLE |  | 10146 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 944101 | 16422 | SH |  | SOLE |  | 16422 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 837881 | 20714 | SH |  | SOLE |  | 20714 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 2197034 | 7784 | SH |  | SOLE |  | 7784 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 1993203 | 13683 | SH |  | SOLE |  | 13683 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 357426 | 5224 | SH |  | SOLE |  | 5224 | 0 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 338461 | 7285 | SH |  | SOLE |  | 7285 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 1488558 | 32860 | SH |  | SOLE |  | 32860 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 641390 | 9563 | SH |  | SOLE |  | 9563 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2837390 | 35494 | SH |  | SOLE |  | 35494 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 481673 | 18713 | SH |  | SOLE |  | 18713 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1435046 | 45673 | SH |  | SOLE |  | 45673 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 1187434 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 222610 | 1653 | SH |  | SOLE |  | 1653 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 1733683 | 38552 | SH |  | SOLE |  | 38552 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 574816 | 621 | SH |  | SOLE |  | 621 | 0 | 0 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 1005773 | 5462 | SH |  | SOLE |  | 5462 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 2956454 | 30640 | SH |  | SOLE |  | 30640 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 483122 | 11882 | SH |  | SOLE |  | 11882 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 996793 | 2360 | SH |  | SOLE |  | 2360 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 427234 | 2521 | SH |  | SOLE |  | 2521 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 537941 | 17426 | SH |  | SOLE |  | 17426 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2417370 | 23847 | SH |  | SOLE |  | 23847 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 871995 | 1907 | SH |  | SOLE |  | 1907 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 567500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1176004 | 16313 | SH |  | SOLE |  | 16313 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 394900 | 3821 | SH |  | SOLE |  | 3821 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 326804 | 757 | SH |  | SOLE |  | 757 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 625943 | 52249 | SH |  | SOLE |  | 52249 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 646280 | 8835 | SH |  | SOLE |  | 8835 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 441956 | 11817 | SH |  | SOLE |  | 11817 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 829382 | 2577 | SH |  | SOLE |  | 2577 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 281589 | 5380 | SH |  | SOLE |  | 5380 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 785084 | 16204 | SH |  | SOLE |  | 16204 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 268277 | 1585 | SH |  | SOLE |  | 1585 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 518415 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 1480856 | 17527 | SH |  | SOLE |  | 17527 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1310071 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 969763 | 1493 | SH |  | SOLE |  | 1493 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 947112 | 6281 | SH |  | SOLE |  | 6281 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2593690 | 51077 | SH |  | SOLE |  | 51077 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 990757 | 15306 | SH |  | SOLE |  | 15306 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 |  | 886322 | 7932 | SH |  | SOLE |  | 7932 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 1620115 | 24403 | SH |  | SOLE |  | 24403 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 399536 | 4550 | SH |  | SOLE |  | 4550 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 394709 | 1127 | SH |  | SOLE |  | 1127 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 679115 | 12413 | SH |  | SOLE |  | 12413 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 504603 | 12218 | SH |  | SOLE |  | 12218 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 939556 | 21339 | SH |  | SOLE |  | 21339 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 849991 | 8390 | SH |  | SOLE |  | 8390 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 2815559 | 12537 | SH |  | SOLE |  | 12537 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 849522 | 14044 | SH |  | SOLE |  | 14044 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1436964 | 21792 | SH |  | SOLE |  | 21792 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 776405 | 12086 | SH |  | SOLE |  | 12086 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 1320514 | 58404 | SH |  | SOLE |  | 58404 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 688977 | 13386 | SH |  | SOLE |  | 13386 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 627631 | 4868 | SH |  | SOLE |  | 4868 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 1801287 | 33897 | SH |  | SOLE |  | 33897 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 584188 | 6948 | SH |  | SOLE |  | 6948 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 454653 | 7936 | SH |  | SOLE |  | 7936 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 1592778 | 68862 | SH |  | SOLE |  | 68862 | 0 | 0 |
| FRESHPET INC | COM | 358039105 |  | 821525 | 14907 | SH |  | SOLE |  | 14907 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 1598257 | 34290 | SH |  | SOLE |  | 34290 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 223951 | 9023 | SH |  | SOLE |  | 9023 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 863320 | 1404 | SH |  | SOLE |  | 1404 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 561156 | 12448 | SH |  | SOLE |  | 12448 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 1344586 | 23433 | SH |  | SOLE |  | 23433 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 2469508 | 18048 | SH |  | SOLE |  | 18048 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 584006 | 7963 | SH |  | SOLE |  | 7963 | 0 | 0 |
| HAMILTON LANE INC | CL A | 407497106 |  | 774234 | 5744 | SH |  | SOLE |  | 5744 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 370903 | 13294 | SH |  | SOLE |  | 13294 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1804233 | 13526 | SH |  | SOLE |  | 13526 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1505496 | 7152 | SH |  | SOLE |  | 7152 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 1238835 | 72787 | SH |  | SOLE |  | 72787 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 603228 | 4496 | SH |  | SOLE |  | 4496 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 668385 | 19618 | SH |  | SOLE |  | 19618 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 1259600 | 7739 | SH |  | SOLE |  | 7739 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 605177 | 4956 | SH |  | SOLE |  | 4956 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 711977 | 10347 | SH |  | SOLE |  | 10347 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 313878 | 1863 | SH |  | SOLE |  | 1863 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 2362079 | 84632 | SH |  | SOLE |  | 84632 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 830419 | 1216 | SH |  | SOLE |  | 1216 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 1546959 | 67435 | SH |  | SOLE |  | 67435 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 1209247 | 41229 | SH |  | SOLE |  | 41229 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 893201 | 51157 | SH |  | SOLE |  | 51157 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 471310 | 3145 | SH |  | SOLE |  | 3145 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 832844 | 6319 | SH |  | SOLE |  | 6319 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 822264 | 12569 | SH |  | SOLE |  | 12569 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 965142 | 20409 | SH |  | SOLE |  | 20409 | 0 | 0 |
| KEMPER CORP | COM | 488401100 |  | 779281 | 15117 | SH |  | SOLE |  | 15117 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 978507 | 60290 | SH |  | SOLE |  | 60290 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 620327 | 24317 | SH |  | SOLE |  | 24317 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 771903 | 6208 | SH |  | SOLE |  | 6208 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 1441095 | 65954 | SH |  | SOLE |  | 65954 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 1428914 | 17123 | SH |  | SOLE |  | 17123 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 1747804 | 44237 | SH |  | SOLE |  | 44237 | 0 | 0 |
| LANDSTAR SYS INC | COM | 515098101 |  | 271103 | 2212 | SH |  | SOLE |  | 2212 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 642091 | 11937 | SH |  | SOLE |  | 11937 | 0 | 0 |
| LAZARD INC | COM | 52110M109 |  | 825479 | 15640 | SH |  | SOLE |  | 15640 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 958671 | 1811 | SH |  | SOLE |  | 1811 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 1119359 | 27755 | SH |  | SOLE |  | 27755 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 738438 | 2851 | SH |  | SOLE |  | 2851 | 0 | 0 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 780479 | 32807 | SH |  | SOLE |  | 32807 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 2060071 | 12661 | SH |  | SOLE |  | 12661 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 713168 | 32402 | SH |  | SOLE |  | 32402 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 1669068 | 93088 | SH |  | SOLE |  | 93088 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 1094183 | 5338 | SH |  | SOLE |  | 5338 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 2380081 | 13659 | SH |  | SOLE |  | 13659 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 2952616 | 14651 | SH |  | SOLE |  | 14651 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 322913 | 3841 | SH |  | SOLE |  | 3841 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1283421 | 18233 | SH |  | SOLE |  | 18233 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1530099 | 2690 | SH |  | SOLE |  | 2690 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 629756 | 17830 | SH |  | SOLE |  | 17830 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 212844 | 41981 | SH |  | SOLE |  | 41981 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1489002 | 17741 | SH |  | SOLE |  | 17741 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 2273902 | 35408 | SH |  | SOLE |  | 35408 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2171814 | 12980 | SH |  | SOLE |  | 12980 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1296429 | 2503 | SH |  | SOLE |  | 2503 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 806678 | 2599 | SH |  | SOLE |  | 2599 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2061729 | 4327 | SH |  | SOLE |  | 4327 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 331783 | 1574 | SH |  | SOLE |  | 1574 | 0 | 0 |
| MSC INDL DIRECT INC | CL A | 553530106 |  | 261954 | 2843 | SH |  | SOLE |  | 2843 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 1503101 | 14866 | SH |  | SOLE |  | 14866 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 2344810 | 26510 | SH |  | SOLE |  | 26510 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 570478 | 3544 | SH |  | SOLE |  | 3544 | 0 | 0 |
| NCINO INC | COM | 63947X101 |  | 826096 | 30472 | SH |  | SOLE |  | 30472 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 378859 | 316 | SH |  | SOLE |  | 316 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 347844 | 6060 | SH |  | SOLE |  | 6060 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1457427 | 20901 | SH |  | SOLE |  | 20901 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3049090 | 16342 | SH |  | SOLE |  | 16342 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 381655 | 4162 | SH |  | SOLE |  | 4162 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 1473441 | 34792 | SH |  | SOLE |  | 34792 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 451567 | 7998 | SH |  | SOLE |  | 7998 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 1282896 | 9928 | SH |  | SOLE |  | 9928 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2125690 | 19717 | SH |  | SOLE |  | 19717 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1207377 | 9309 | SH |  | SOLE |  | 9309 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 2478393 | 27107 | SH |  | SOLE |  | 27107 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 440544 | 2415 | SH |  | SOLE |  | 2415 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 289266 | 2282 | SH |  | SOLE |  | 2282 | 0 | 0 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 1424989 | 8947 | SH |  | SOLE |  | 8947 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 850863 | 9072 | SH |  | SOLE |  | 9072 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 866145 | 26924 | SH |  | SOLE |  | 26924 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 456719 | 20666 | SH |  | SOLE |  | 20666 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 1624704 | 19596 | SH |  | SOLE |  | 19596 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 2689137 | 29525 | SH |  | SOLE |  | 29525 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 844164 | 19304 | SH |  | SOLE |  | 19304 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 529261 | 19942 | SH |  | SOLE |  | 19942 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 796225 | 3462 | SH |  | SOLE |  | 3462 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 1523610 | 20900 | SH |  | SOLE |  | 20900 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 234467 | 417 | SH |  | SOLE |  | 417 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 1688823 | 8790 | SH |  | SOLE |  | 8790 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 1304184 | 5136 | SH |  | SOLE |  | 5136 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 2105202 | 51209 | SH |  | SOLE |  | 51209 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 624529 | 22037 | SH |  | SOLE |  | 22037 | 0 | 0 |
| RLI CORP | COM | 749607107 |  | 314360 | 4820 | SH |  | SOLE |  | 4820 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 633217 | 18635 | SH |  | SOLE |  | 18635 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 681234 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 491138 | 4905 | SH |  | SOLE |  | 4905 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1624233 | 3257 | SH |  | SOLE |  | 3257 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 2391151 | 15691 | SH |  | SOLE |  | 15691 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 552675 | 1708 | SH |  | SOLE |  | 1708 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1720520 | 3535 | SH |  | SOLE |  | 3535 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2470725 | 10425 | SH |  | SOLE |  | 10425 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 1205813 | 10747 | SH |  | SOLE |  | 10747 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 201857 | 1044 | SH |  | SOLE |  | 1044 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2890163 | 30273 | SH |  | SOLE |  | 30273 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 694463 | 22732 | SH |  | SOLE |  | 22732 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 1847520 | 17911 | SH |  | SOLE |  | 17911 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 1169504 | 9080 | SH |  | SOLE |  | 9080 | 0 | 0 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 291645 | 12421 | SH |  | SOLE |  | 12421 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 1161151 | 10692 | SH |  | SOLE |  | 10692 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 2863725 | 26321 | SH |  | SOLE |  | 26321 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 1852527 | 24923 | SH |  | SOLE |  | 24923 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 251790 | 2219 | SH |  | SOLE |  | 2219 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 660351 | 5119 | SH |  | SOLE |  | 5119 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1389170 | 19552 | SH |  | SOLE |  | 19552 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 644091 | 2493 | SH |  | SOLE |  | 2493 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 459533 | 5123 | SH |  | SOLE |  | 5123 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 612636 | 4451 | SH |  | SOLE |  | 4451 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 248481 | 7444 | SH |  | SOLE |  | 7444 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 2842119 | 15469 | SH |  | SOLE |  | 15469 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 479343 | 2885 | SH |  | SOLE |  | 2885 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 3027824 | 20948 | SH |  | SOLE |  | 20948 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 604668 | 2994 | SH |  | SOLE |  | 2994 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 703767 | 19276 | SH |  | SOLE |  | 19276 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 705481 | 5107 | SH |  | SOLE |  | 5107 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 347777 | 4564 | SH |  | SOLE |  | 4564 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 1342894 | 23375 | SH |  | SOLE |  | 23375 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 252617 | 4442 | SH |  | SOLE |  | 4442 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 2852519 | 25703 | SH |  | SOLE |  | 25703 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1278539 | 3030 | SH |  | SOLE |  | 3030 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 696966 | 8319 | SH |  | SOLE |  | 8319 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 881542 | 17061 | SH |  | SOLE |  | 17061 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 207086 | 2069 | SH |  | SOLE |  | 2069 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 1652662 | 3159 | SH |  | SOLE |  | 3159 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1417827 | 26111 | SH |  | SOLE |  | 26111 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 1697159 | 126843 | SH |  | SOLE |  | 126843 | 0 | 0 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 |  | 256131 | 8515 | SH |  | SOLE |  | 8515 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 767257 | 3246 | SH |  | SOLE |  | 3246 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 567517 | 5881 | SH |  | SOLE |  | 5881 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 226951 | 2717 | SH |  | SOLE |  | 2717 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1501806 | 31074 | SH |  | SOLE |  | 31074 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 397850 | 27571 | SH |  | SOLE |  | 27571 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 1496638 | 3860 | SH |  | SOLE |  | 3860 | 0 | 0 |
| VALVOLINE INC | COM | 92047W101 |  | 439395 | 12236 | SH |  | SOLE |  | 12236 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1102667 | 10343 | SH |  | SOLE |  | 10343 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 347688 | 7911 | SH |  | SOLE |  | 7911 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 801670 | 5314 | SH |  | SOLE |  | 5314 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1245180 | 38184 | SH |  | SOLE |  | 38184 | 0 | 0 |
| VONTIER CORPORATION | COM | 928881101 |  | 583677 | 13907 | SH |  | SOLE |  | 13907 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 1219669 | 30093 | SH |  | SOLE |  | 30093 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 563326 | 5466 | SH |  | SOLE |  | 5466 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 633333 | 10655 | SH |  | SOLE |  | 10655 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2482120 | 20674 | SH |  | SOLE |  | 20674 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 250646 | 3137 | SH |  | SOLE |  | 3137 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 744128 | 22427 | SH |  | SOLE |  | 22427 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 1894098 | 6374 | SH |  | SOLE |  | 6374 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 2151353 | 26077 | SH |  | SOLE |  | 26077 | 0 | 0 |

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