# EDGAR Filing Document

**Accession Number:** 0001688666
**File Stem:** 0001688666-26-000003
**Filing Date:** 2026-5
**Character Count:** 43964
**Document Hash:** b197fbb16461da23fd0882aee99d5402
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001688666-26-000003.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001688666-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Knights of Columbus Asset Advisors LLC
- **CENTRAL INDEX KEY:** 0001688666

**ORGANIZATION NAME:**
- **EIN:** 300840166
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17560
- **FILM NUMBER:** 26961213

**BUSINESS ADDRESS:**
- **STREET 1:** 1 COLUMBUS PLAZA
- **CITY:** NEW HAVEN
- **STATE:** CT
- **ZIP:** 06510
- **BUSINESS PHONE:** 203-752-4093

**MAIL ADDRESS:**
- **STREET 1:** 1 COLUMBUS PLAZA
- **CITY:** NEW HAVEN
- **STATE:** CT
- **ZIP:** 06510

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Knights of Columbus Asset Advisors LLC<br>**Address:** 1 COLUMBUS PLAZA<br>NEW HAVEN, CT 06510

**Form 13F File Number:** 028-17560

**CRD Number (if applicable):** 000174129

**SEC File Number (if applicable):** 028-17560

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:** Timothy Kirwan<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-348-3174

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

Timothy Kirwan  New Haven, CT  03-31-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 397

**Form 13F Information Table Value Total:** $1770266447

      (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.]

|   No. | Name                                 | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | PRINCIPAL FINANCIAL GROUP INC        | 028-10106              |    000109002 | 801-55959         |
|     2 | Aristotle Capital Boston LLC         | 028-16565              |    000173198 | 801-80368         |
|     3 | INCOME RESEARCH  MANAGEMENT          | 028-10329              |    000106863 | 801-29482         |
|     4 | L2 Asset Management LLC              | 028-19942              |    000172688 | 801-107084        |
|     5 | BARROW HANLEY MEWHINNEY  STRAUSS LLC | 028-01006              |    000105519 | 801-31237         |
|     6 | ACADIAN ASSET MANAGEMENT LLC         | 028-05990              |    000106609 | 801-28078         |
|     7 | JENNISON ASSOCIATES LLC              | 028-00074              |    000107959 | 801-5608          |

### 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 |
| AGNICO EAGLE MINES LTD COM | ADR | 008474108 |  | 314010 | 1547 | SH |  | SOLE |  | 1547 | 0 | 0 |
| ALIBABA GROUP HLDG LTD SPONSOR | ADR | 01609W102 |  | 325443 | 2594 | SH |  | SOLE |  | 2594 | 0 | 0 |
| ARGENX SE SPONSORED ADR | ADR | 04016X101 |  | 196437 | 269 | SH |  | SOLE |  | 269 | 0 | 0 |
| BARCLAYS PLC ADR | ADR | 06738E204 |  | 328509 | 15525 | SH |  | SOLE |  | 15525 | 0 | 0 |
| BHP BILLITON LTD SPONSORED ADR | ADR | 088606108 |  | 349734 | 4808 | SH |  | SOLE |  | 4808 | 0 | 0 |
| CRH PLC ADR | ADR | G25508105 |  | 8547517 | 81312 | SH |  | SOLE |  | 81312 | 0 | 0 |
| FERGUSON ENTERPRISES INC | ADR | 31488V107 |  | 3222020 | 13813 | SH |  | SOLE |  | 13813 | 0 | 0 |
| HONDA MOTOR LTD AMERN SHS | ADR | 438128308 |  | 159255 | 6551 | SH |  | SOLE |  | 6551 | 0 | 0 |
| ICICI BK LTD ADR | ADR | 45104G104 |  | 174488 | 6737 | SH |  | SOLE |  | 6737 | 0 | 0 |
| ING GROEP N V SPONSORED ADR | ADR | 456837103 |  | 297230 | 11410 | SH |  | SOLE |  | 11410 | 0 | 0 |
| ITAU UNIBANCO HLDG SA SPON ADR | ADR | 465562106 |  | 391061 | 46666 | SH |  | SOLE |  | 46666 | 0 | 0 |
| KB FINL GROUP INC SPONSORED AD | ADR | 48241A105 |  | 363616 | 3646 | SH |  | SOLE |  | 3646 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP INC | ADR | 606822104 |  | 492028 | 28994 | SH |  | SOLE |  | 28994 | 0 | 0 |
| NOVARTIS A G SPONSORED ADR | ADR | 66987V109 |  | 371946 | 2435 | SH |  | SOLE |  | 2435 | 0 | 0 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 165118 | 4493 | SH |  | SOLE |  | 4493 | 0 | 0 |
| SANOFI SPONSORED ADR | ADR | 80105N105 |  | 177736 | 3689 | SH |  | SOLE |  | 3689 | 0 | 0 |
| SAP SE SPON ADR | ADR | 803054204 |  | 144672 | 845 | SH |  | SOLE |  | 845 | 0 | 0 |
| SHELL PLC-ADR | ADR | 780259305 |  | 600315 | 6455 | SH |  | SOLE |  | 6455 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD S | ADR | 874039100 |  | 1193639 | 3532 | SH |  | SOLE |  | 3532 | 0 | 0 |
| UNILEVER PLC SPON ADR NEW | ADR | 904767803 |  | 10084 | 177 | SH |  | SOLE |  | 177 | 0 | 0 |
| 3M CO COM | COM | 88579Y101 |  | 10199067 | 70227 | SH |  | SOLE |  | 70227 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 411491 | 1892 | SH |  | SOLE |  | 1892 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLAS | COM | G1151C101 |  | 4103612 | 20695 | SH |  | SOLE |  | 20695 | 0 | 0 |
| ACI WORLDWIDE INC COM | COM | 004498101 |  | 2028806 | 49471 | SH |  | SOLE |  | 49471 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES | COM | 00650f109 |  | 2510489 | 180871 | SH |  | SOLE |  | 180871 | 0 | 0 |
| ADOBE INC COM | COM | 00724F101 |  | 2980890 | 12263 | SH |  | SOLE |  | 12263 | 0 | 0 |
| ADT INC | COM | 00090Q103 |  | 3307049 | 503356 | SH |  | SOLE |  | 503356 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | COM | 007903107 |  | 5500747 | 27040 | SH |  | SOLE |  | 27040 | 0 | 0 |
| AECOM COM | COM | 00766T100 |  | 7622349 | 89865 | SH |  | SOLE |  | 89865 | 0 | 0 |
| AERCAP HOLDINGS NV SHS | COM | N00985106 |  | 2286105 | 16665 | SH |  | SOLE |  | 16665 | 0 | 0 |
| AES CORP COM | COM | 00130H105 |  | 5444996 | 386444 | SH |  | SOLE |  | 386444 | 0 | 0 |
| AGREE REALTY CORP COM | COM | 008492100 |  | 1604539 | 21286 | SH |  | SOLE |  | 21286 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC COM | COM | 00971T101 |  | 1068220 | 9301 | SH |  | SOLE |  | 9301 | 0 | 0 |
| ALLEGHENY TECHNOLOGIES INC COM | COM | 01741R102 |  | 2419727 | 16635 | SH |  | SOLE |  | 16635 | 0 | 0 |
| ALLSTATE CORP COM | COM | 020002101 |  | 11799097 | 56907 | SH |  | SOLE |  | 56907 | 0 | 0 |
| ALPHABET INC CAP STK CL A | COM | 02079K305 |  | 39665798 | 137939 | SH |  | SOLE |  | 137939 | 0 | 0 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 33858707 | 118032 | SH |  | SOLE |  | 118032 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 1615342 | 7756 | SH |  | SOLE |  | 7756 | 0 | 0 |
| AMERICAN ELEC PWR CO INC COM | COM | 025537101 |  | 5012368 | 38239 | SH |  | SOLE |  | 38239 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 11273732 | 37271 | SH |  | SOLE |  | 37271 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM | 398182303 |  | 4432285 | 93984 | SH |  | SOLE |  | 93984 | 0 | 0 |
| AMERICAN HOMES 4 RENT- A | COM | 02665T306 |  | 1207289 | 43241 | SH |  | SOLE |  | 43241 | 0 | 0 |
| AMERICAN INTL GROUP INC COM NE | COM | 026874784 |  | 8728624 | 115995 | SH |  | SOLE |  | 115995 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 10802990 | 62597 | SH |  | SOLE |  | 62597 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW CO | COM | 030420103 |  | 13609 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 4508882 | 10146 | SH |  | SOLE |  | 10146 | 0 | 0 |
| AMGEN INC COM | COM | 031162100 |  | 111185 | 316 | SH |  | SOLE |  | 316 | 0 | 0 |
| AMICUS THERAPEUTICS INC COM | COM | 03152W109 |  | 79183 | 5476 | SH |  | SOLE |  | 5476 | 0 | 0 |
| AMRIZE LTD | COM | H2927K103 |  | 1540998 | 27508 | SH |  | SOLE |  | 27508 | 0 | 0 |
| API GROUP CORP | COM | 00187Y100 |  | 1574972 | 38869 | SH |  | SOLE |  | 38869 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 89101862 | 351085 | SH |  | SOLE |  | 351085 | 0 | 0 |
| APPLIED DIGITAL CORP | COM | 038169207 |  | 1079600 | 45476 | SH |  | SOLE |  | 45476 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 427518 | 5054 | SH |  | SOLE |  | 5054 | 0 | 0 |
| APPLOVIN CORP-CLASS A | COM | 03831W108 |  | 1178478 | 2961 | SH |  | SOLE |  | 2961 | 0 | 0 |
| ARCELORMITTAL SA LUXEMBOURG NY | COM | 03938L203 |  | 278925 | 5366 | SH |  | SOLE |  | 5366 | 0 | 0 |
| ARISTA NETWORKS INC COM | COM | 040413205 |  | 1624011 | 13227 | SH |  | SOLE |  | 13227 | 0 | 0 |
| ARS PHARMACEUTICALS INC | COM | 82835W108 |  | 1044157 | 130032 | SH |  | SOLE |  | 130032 | 0 | 0 |
| ASML HLDG NV NY SHS | COM | N07059210 |  | 589090 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| AT INC COM | COM | 00206R102 |  | 19420401 | 669900 | SH |  | SOLE |  | 669900 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 2323426 | 40927 | SH |  | SOLE |  | 40927 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 2408922 | 14747 | SH |  | SOLE |  | 14747 | 0 | 0 |
| AXIS CAPITAL HOLDINGS SHS | COM | G0692U109 |  | 9829468 | 96928 | SH |  | SOLE |  | 96928 | 0 | 0 |
| AXSOME THERAPEUTICS INC COM | COM | 05464T104 |  | 3325807 | 19677 | SH |  | SOLE |  | 19677 | 0 | 0 |
| BAKER HUGHES CO | COM | 05722G100 |  | 5929909 | 97132 | SH |  | SOLE |  | 97132 | 0 | 0 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 15894641 | 133985 | SH |  | SOLE |  | 133985 | 0 | 0 |
| BANKUNITED INC COM | COM | 06652K103 |  | 2578681 | 57101 | SH |  | SOLE |  | 57101 | 0 | 0 |
| BAUSCH LOMB CORP | COM | 071705107 |  | 595789 | 37471 | SH |  | SOLE |  | 37471 | 0 | 0 |
| BELDEN INC COM | COM | 077454106 |  | 2619732 | 22814 | SH |  | SOLE |  | 22814 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL | COM | 084670702 |  | 13918364 | 29045 | SH |  | SOLE |  | 29045 | 0 | 0 |
| BIOVENTUS INC - A | COM | 09075A108 |  | 2636178 | 288738 | SH |  | SOLE |  | 288738 | 0 | 0 |
| BK OF AMERICA CORP COM | COM | 060505104 |  | 21280941 | 436532 | SH |  | SOLE |  | 436532 | 0 | 0 |
| BOOT BARN HLDGS INC COM | COM | 099406100 |  | 2349956 | 16056 | SH |  | SOLE |  | 16056 | 0 | 0 |
| BOSTON PROPERTIES INCCOM | COM | 101121101 |  | 3949953 | 76107 | SH |  | SOLE |  | 76107 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 1629429 | 25967 | SH |  | SOLE |  | 25967 | 0 | 0 |
| BOWHEAD SPECIALTY HOLDINGS I | COM | 10240L102 |  | 1558795 | 69496 | SH |  | SOLE |  | 69496 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 1515249 | 20233 | SH |  | SOLE |  | 20233 | 0 | 0 |
| BRINKS CO COM | COM | 109696104 |  | 2738008 | 26421 | SH |  | SOLE |  | 26421 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 407568 | 6720 | SH |  | SOLE |  | 6720 | 0 | 0 |
| BRIXMOR PPTY GROUP INC COM | COM | 11120U105 |  | 1111421 | 38591 | SH |  | SOLE |  | 38591 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 33465937 | 108126 | SH |  | SOLE |  | 108126 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 |  | 1381102 | 75594 | SH |  | SOLE |  | 75594 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC COM | COM | 12008R107 |  | 435196 | 5286 | SH |  | SOLE |  | 5286 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 726630 | 2615 | SH |  | SOLE |  | 2615 | 0 | 0 |
| CAMDEN PPTY TR SH BEN INT | COM | 133131102 |  | 1608265 | 16468 | SH |  | SOLE |  | 16468 | 0 | 0 |
| CANADIAN NAT RES LTD COM | COM | 136385101 |  | 494951 | 10157 | SH |  | SOLE |  | 10157 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 3426583 | 18783 | SH |  | SOLE |  | 18783 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 7510169 | 35541 | SH |  | SOLE |  | 35541 | 0 | 0 |
| CARETRUST REIT INC COM | COM | 14174T107 |  | 3363444 | 91772 | SH |  | SOLE |  | 91772 | 0 | 0 |
| CARPENTER TECHNOLOGY COM | COM | 144285103 |  | 498994 | 1266 | SH |  | SOLE |  | 1266 | 0 | 0 |
| CASEYS GEN STORES INC COM | COM | 147528103 |  | 5168534 | 7101 | SH |  | SOLE |  | 7101 | 0 | 0 |
| CATERPILLAR INC COM | COM | 149123101 |  | 16164223 | 22816 | SH |  | SOLE |  | 22816 | 0 | 0 |
| CBRE GROUP INC CL A | COM | 12504L109 |  | 3650647 | 26950 | SH |  | SOLE |  | 26950 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 446393 | 1421 | SH |  | SOLE |  | 1421 | 0 | 0 |
| CG ONCOLOGY INC | COM | 156944100 |  | 1570176 | 23200 | SH |  | SOLE |  | 23200 | 0 | 0 |
| CHEESECAKE FACTORY INC COM | COM | 163072101 |  | 2382446 | 43515 | SH |  | SOLE |  | 43515 | 0 | 0 |
| CHEMOURS CO COM | COM | 163851108 |  | 1322 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 21735052 | 105051 | SH |  | SOLE |  | 105051 | 0 | 0 |
| CHEWY INC | COM | 16679L109 |  | 799443 | 29609 | SH |  | SOLE |  | 29609 | 0 | 0 |
| CISCO SYS INC COM | COM | 17275R102 |  | 21876656 | 281952 | SH |  | SOLE |  | 281952 | 0 | 0 |
| CITIGROUP INC COM NEW | COM | 172967424 |  | 10834851 | 95537 | SH |  | SOLE |  | 95537 | 0 | 0 |
| CIVISTA BANCSHARES INC | COM | 178867107 |  | 2637418 | 115727 | SH |  | SOLE |  | 115727 | 0 | 0 |
| CLOUDFLARE INC - CLASS A | COM | 18915M107 |  | 1239072 | 6005 | SH |  | SOLE |  | 6005 | 0 | 0 |
| COCA COLA CO COM | COM | 191216100 |  | 4817159 | 63342 | SH |  | SOLE |  | 63342 | 0 | 0 |
| COGENT BIOSCIENCES INC | COM | 19240Q201 |  | 1502611 | 39039 | SH |  | SOLE |  | 39039 | 0 | 0 |
| COMCAST CORP NEW CL A | COM | 20030N101 |  | 6689487 | 233002 | SH |  | SOLE |  | 233002 | 0 | 0 |
| CONOCOPHILLIPS COM | COM | 20825C104 |  | 12484956 | 94583 | SH |  | SOLE |  | 94583 | 0 | 0 |
| CONSTELLIUM SE | COM | F21107101 |  | 3137957 | 127663 | SH |  | SOLE |  | 127663 | 0 | 0 |
| COPA HOLDINGS | COM | P31076105 |  | 8382520 | 73783 | SH |  | SOLE |  | 73783 | 0 | 0 |
| CORPORATE OFFICE PPTYS TR SH B | COM | 22002T108 |  | 718151 | 23469 | SH |  | SOLE |  | 23469 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 19672 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 4288635 | 4304 | SH |  | SOLE |  | 4304 | 0 | 0 |
| CROWN CASTLE INTL CORP COM | COM | 22822V101 |  | 3961098 | 48716 | SH |  | SOLE |  | 48716 | 0 | 0 |
| CSX CORP COM | COM | 126408103 |  | 7854138 | 191331 | SH |  | SOLE |  | 191331 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 3029086 | 82649 | SH |  | SOLE |  | 82649 | 0 | 0 |
| CUMMINS INC COM | COM | 231021106 |  | 13376253 | 24862 | SH |  | SOLE |  | 24862 | 0 | 0 |
| CUSHMAN  WAKEFIELD PLC | COM | G2717C106 |  | 2133277 | 174003 | SH |  | SOLE |  | 174003 | 0 | 0 |
| D R HORTON INC COM | COM | 23331A109 |  | 8285206 | 60379 | SH |  | SOLE |  | 60379 | 0 | 0 |
| DAKTRONICS INC | COM | 234264109 |  | 2294310 | 117356 | SH |  | SOLE |  | 117356 | 0 | 0 |
| DANAHER CORP DEL COM | COM | 235851102 |  | 18960 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| DARDEN RESTAURANTS INC COM | COM | 237194105 |  | 5977848 | 30493 | SH |  | SOLE |  | 30493 | 0 | 0 |
| DEERE  CO COM | COM | 244199105 |  | 889451 | 1579 | SH |  | SOLE |  | 1579 | 0 | 0 |
| DELL INC COM | COM | 24703L202 |  | 972634 | 5926 | SH |  | SOLE |  | 5926 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 1081517 | 56329 | SH |  | SOLE |  | 56329 | 0 | 0 |
| DEVON ENERGY CORP NEW COM | COM | 25179M103 |  | 428465 | 8515 | SH |  | SOLE |  | 8515 | 0 | 0 |
| DEXCOM INC COM | COM | 252131107 |  | 5626503 | 89594 | SH |  | SOLE |  | 89594 | 0 | 0 |
| DIGITAL REALTY TRUST INC | COM | 253868103 |  | 6730843 | 37350 | SH |  | SOLE |  | 37350 | 0 | 0 |
| DIGITALOCEAN HLDGS INC COM | COM | 25402D102 |  | 2878434 | 33556 | SH |  | SOLE |  | 33556 | 0 | 0 |
| DISNEY WALT CO COM DISNEY | COM | 254687106 |  | 8273066 | 85838 | SH |  | SOLE |  | 85838 | 0 | 0 |
| DOLE PLC | COM | G27907107 |  | 1775947 | 124279 | SH |  | SOLE |  | 124279 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | COM | 256677105 |  | 9454826 | 79633 | SH |  | SOLE |  | 79633 | 0 | 0 |
| DOORDASH INC - A | COM | 25809K105 |  | 1768166 | 11776 | SH |  | SOLE |  | 11776 | 0 | 0 |
| DOW INC COM | COM | 260557103 |  | 9788 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 10763 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| EASTGROUP PPTY INC COM | COM | 277276101 |  | 1950293 | 10537 | SH |  | SOLE |  | 10537 | 0 | 0 |
| EATON CORP PLC SHS | COM | G29183103 |  | 687846 | 1923 | SH |  | SOLE |  | 1923 | 0 | 0 |
| ECOLAB INC COM | COM | 278865100 |  | 2643441 | 9937 | SH |  | SOLE |  | 9937 | 0 | 0 |
| EDGEWISE THERAPEUTICS INC | COM | 28036F105 |  | 1210041 | 38414 | SH |  | SOLE |  | 38414 | 0 | 0 |
| ELECTRONIC ARTS INC COM | COM | 285512109 |  | 20387 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 6884002 | 9324 | SH |  | SOLE |  | 9324 | 0 | 0 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 1696054 | 12945 | SH |  | SOLE |  | 12945 | 0 | 0 |
| ENBRIDGE INC COM | COM | 29250N105 |  | 360031 | 6650 | SH |  | SOLE |  | 6650 | 0 | 0 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 17824903 | 158641 | SH |  | SOLE |  | 158641 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP COM | COM | 293712105 |  | 1054604 | 19490 | SH |  | SOLE |  | 19490 | 0 | 0 |
| ENVISTA HOLDINGS CORPORATION C | COM | 29415F104 |  | 1283468 | 50590 | SH |  | SOLE |  | 50590 | 0 | 0 |
| EOG RES INC COM | COM | 26875P101 |  | 38745 | 268 | SH |  | SOLE |  | 268 | 0 | 0 |
| EQUINIX INC COM NEW | COM | 29444U700 |  | 11407053 | 11637 | SH |  | SOLE |  | 11637 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | COM | 29472R108 |  | 447988 | 7177 | SH |  | SOLE |  | 7177 | 0 | 0 |
| EQUITY RESIDENTIAL SH BEN INT | COM | 29476L107 |  | 2256927 | 38156 | SH |  | SOLE |  | 38156 | 0 | 0 |
| ESSENT GROUP LTD COM | COM | G3198U102 |  | 954208 | 16328 | SH |  | SOLE |  | 16328 | 0 | 0 |
| ESSEX PPTY TR INC COM | COM | 297178105 |  | 1631564 | 6742 | SH |  | SOLE |  | 6742 | 0 | 0 |
| EVERCORE INC CLASS A | COM | 29977A105 |  | 2107481 | 7060 | SH |  | SOLE |  | 7060 | 0 | 0 |
| EVERPURE INC-A | COM | 74624M102 |  | 2251668 | 38138 | SH |  | SOLE |  | 38138 | 0 | 0 |
| EXCELERATE ENERGY INC-A | COM | 30069T101 |  | 1690250 | 50576 | SH |  | SOLE |  | 50576 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 3039069 | 23176 | SH |  | SOLE |  | 23176 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 37813142 | 222876 | SH |  | SOLE |  | 222876 | 0 | 0 |
| FASTLY INC - CLASS A | COM | 31188V100 |  | 2833408 | 97502 | SH |  | SOLE |  | 97502 | 0 | 0 |
| FEDERAL REALTY INVS TRUST | COM | 313745101 |  | 1077713 | 10147 | SH |  | SOLE |  | 10147 | 0 | 0 |
| FEDEX CORP COM | COM | 31428X106 |  | 6983977 | 19608 | SH |  | SOLE |  | 19608 | 0 | 0 |
| FIDELIS INSURANCE HOLDINGS | COM | G3398L118 |  | 1401260 | 73326 | SH |  | SOLE |  | 73326 | 0 | 0 |
| FIRST CASH HOLDINGS INC. | COM | 33768G107 |  | 2835040 | 15080 | SH |  | SOLE |  | 15080 | 0 | 0 |
| FIRST FINANCIAL CORP | COM | 320218100 |  | 2346363 | 37126 | SH |  | SOLE |  | 37126 | 0 | 0 |
| FIRST HORIZON NATL CORP COM | COM | 320517105 |  | 4901776 | 215368 | SH |  | SOLE |  | 215368 | 0 | 0 |
| FIRST INDL RLTY TR INC COM | COM | 32054K103 |  | 1110141 | 19190 | SH |  | SOLE |  | 19190 | 0 | 0 |
| FIRSTENERGY CORP COM | COM | 337932107 |  | 5530957 | 109178 | SH |  | SOLE |  | 109178 | 0 | 0 |
| FMC CORP | COM | 302491303 |  | 562354 | 32657 | SH |  | SOLE |  | 32657 | 0 | 0 |
| FORTIS INC COM | COM | 349553107 |  | 4380184 | 78512 | SH |  | SOLE |  | 78512 | 0 | 0 |
| FOX CORP CLASS A | COM | 35137L105 |  | 546619 | 9360 | SH |  | SOLE |  | 9360 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 7898735 | 326394 | SH |  | SOLE |  | 326394 | 0 | 0 |
| GARRETT MOTION INC COM | COM | 366505105 |  | 2520397 | 138712 | SH |  | SOLE |  | 138712 | 0 | 0 |
| GATX CORP COM | COM | 361448103 |  | 984145 | 5764 | SH |  | SOLE |  | 5764 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGY | COM | 36266G107 |  | 3559 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 4163733 | 4770 | SH |  | SOLE |  | 4770 | 0 | 0 |
| GENERAL ELECTRIC CO COM | COM | 369604301 |  | 4456892 | 15706 | SH |  | SOLE |  | 15706 | 0 | 0 |
| GENERAL MTRS CO COM | COM | 37045V100 |  | 17145057 | 230135 | SH |  | SOLE |  | 230135 | 0 | 0 |
| GILEAD SCIENCES INC COMUSD0.00 | COM | 375558103 |  | 8350075 | 59913 | SH |  | SOLE |  | 59913 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 23354627 | 27606 | SH |  | SOLE |  | 27606 | 0 | 0 |
| GRANITE CONSTR INC COM | COM | 387328107 |  | 3103933 | 25892 | SH |  | SOLE |  | 25892 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 1610734 | 24992 | SH |  | SOLE |  | 24992 | 0 | 0 |
| HAMILTON INSURANCE GROU-CL B | COM | G42706104 |  | 2699555 | 90498 | SH |  | SOLE |  | 90498 | 0 | 0 |
| HANCOCK WHITNEY CORPORATION CO | COM | 410120109 |  | 2696661 | 42407 | SH |  | SOLE |  | 42407 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC C | COM | 416515104 |  | 8047402 | 59509 | SH |  | SOLE |  | 59509 | 0 | 0 |
| HELIOS TECHNOLOGIES INC COM | COM | 42328H109 |  | 1123754 | 17366 | SH |  | SOLE |  | 17366 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE CO | COM | 42824C109 |  | 3685717 | 154797 | SH |  | SOLE |  | 154797 | 0 | 0 |
| HIGHWOODS PPTYS INC COM | COM | 431284108 |  | 667414 | 31173 | SH |  | SOLE |  | 31173 | 0 | 0 |
| HOME DEPOT INC COM | COM | 437076102 |  | 2548747 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 12884 | 57 | SH |  | SOLE |  | 57 | 0 | 0 |
| HOST HOTELS  RESORTS INC COM | COM | 44107P104 |  | 8008190 | 417964 | SH |  | SOLE |  | 417964 | 0 | 0 |
| HYATT HOTELS CORP COM CL A | COM | 448579102 |  | 1353495 | 9413 | SH |  | SOLE |  | 9413 | 0 | 0 |
| IDEAYA BIOSCIENCES INC | COM | 45166A102 |  | 1317140 | 39530 | SH |  | SOLE |  | 39530 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 2634549 | 69312 | SH |  | SOLE |  | 69312 | 0 | 0 |
| INTEL CORP COM | COM | 458140100 |  | 3342847 | 75750 | SH |  | SOLE |  | 75750 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS C | COM | 459200101 |  | 12470481 | 51448 | SH |  | SOLE |  | 51448 | 0 | 0 |
| INTERNATIONAL SEAWAYS INC | COM | Y41053102 |  | 2804641 | 38483 | SH |  | SOLE |  | 38483 | 0 | 0 |
| INTUIT COM | COM | 461202103 |  | 4528748 | 10474 | SH |  | SOLE |  | 10474 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120E602 |  | 5860566 | 12713 | SH |  | SOLE |  | 12713 | 0 | 0 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 1798842 | 72388 | SH |  | SOLE |  | 72388 | 0 | 0 |
| IRON MTN INC COM | COM | 46284V101 |  | 3232629 | 31649 | SH |  | SOLE |  | 31649 | 0 | 0 |
| JBT MAREL CORP | COM | 477839104 |  | 486162 | 3802 | SH |  | SOLE |  | 3802 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 26155 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| JOHNSON CONTROLS INTERNATIONAL | COM | G51502105 |  | 712237 | 5439 | SH |  | SOLE |  | 5439 | 0 | 0 |
| JONES LANG LASALLE INC COM | COM | 48020Q107 |  | 1528295 | 5022 | SH |  | SOLE |  | 5022 | 0 | 0 |
| JPMORGAN CHASE  CO COM | COM | 46625H100 |  | 24957417 | 84843 | SH |  | SOLE |  | 84843 | 0 | 0 |
| KIMCO RLTY CORP COM | COM | 49446R109 |  | 1912646 | 85120 | SH |  | SOLE |  | 85120 | 0 | 0 |
| KINDER MORGAN INC DEL COM | COM | 49456B101 |  | 10500221 | 313159 | SH |  | SOLE |  | 313159 | 0 | 0 |
| KLA-TENCOR CORP COM | COM | 482480100 |  | 2201253 | 1495 | SH |  | SOLE |  | 1495 | 0 | 0 |
| KYMERA THERAPEUTICS INC | COM | 501575104 |  | 1321979 | 15872 | SH |  | SOLE |  | 15872 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807306 |  | 2705577 | 12663 | SH |  | SOLE |  | 12663 | 0 | 0 |
| LAMAR ADVERTISING CO NEW CL A | COM | 512816109 |  | 1872921 | 14787 | SH |  | SOLE |  | 14787 | 0 | 0 |
| LAUREATE EDUCATION INC COM | COM | 518613203 |  | 2893288 | 83045 | SH |  | SOLE |  | 83045 | 0 | 0 |
| LENNAR CORP CL A | COM | 526057104 |  | 4482681 | 51620 | SH |  | SOLE |  | 51620 | 0 | 0 |
| LIBERTY ENERGY INC | COM | 53115L104 |  | 3033821 | 105341 | SH |  | SOLE |  | 105341 | 0 | 0 |
| LILLY ELI  CO COM | COM | 532457108 |  | 730297 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| LIMBACH HOLDINGS INC | COM | 53263P105 |  | 1303591 | 16702 | SH |  | SOLE |  | 16702 | 0 | 0 |
| LINDE PLC COM | COM | G54950103 |  | 11527444 | 23252 | SH |  | SOLE |  | 23252 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | COM | 539830109 |  | 30219 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| LOWES COS INC COM | COM | 548661107 |  | 7029803 | 29752 | SH |  | SOLE |  | 29752 | 0 | 0 |
| LSI INDS INC COM | COM | 50216C108 |  | 1955027 | 105109 | SH |  | SOLE |  | 105109 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 |  | 1940503 | 3707 | SH |  | SOLE |  | 3707 | 0 | 0 |
| MANULIFE FINL CORP COM | COM | 56501R106 |  | 378186 | 10981 | SH |  | SOLE |  | 10981 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | COM | 571903202 |  | 32707 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| MARVELL TECHNOLOGY INC COM | COM | 573874104 |  | 2419296 | 24425 | SH |  | SOLE |  | 24425 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 8369305 | 16750 | SH |  | SOLE |  | 16750 | 0 | 0 |
| MAXIMUS INC COM | COM | 577933104 |  | 1723328 | 26885 | SH |  | SOLE |  | 26885 | 0 | 0 |
| MAXLINEAR INC CL A | COM | 57776J100 |  | 1159478 | 66675 | SH |  | SOLE |  | 66675 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 62158 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| MEDTRONIC PLC SHS | COM | G5960L103 |  | 262896 | 3034 | SH |  | SOLE |  | 3034 | 0 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 523893 | 303 | SH |  | SOLE |  | 303 | 0 | 0 |
| MERCK  CO. INC COM | COM | 58933Y105 |  | 24058 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 27132173 | 47423 | SH |  | SOLE |  | 47423 | 0 | 0 |
| METROPOLITAN BK HLDG CORP COM | COM | 591774104 |  | 2356857 | 28297 | SH |  | SOLE |  | 28297 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | COM | 595112103 |  | 7559846 | 22377 | SH |  | SOLE |  | 22377 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 69268431 | 187126 | SH |  | SOLE |  | 187126 | 0 | 0 |
| MID-AMERICA APARTMENT COMM | COM | 59522J103 |  | 1473622 | 12067 | SH |  | SOLE |  | 12067 | 0 | 0 |
| MILLROSE PROPERTIES | COM | 601137102 |  | 738892 | 26389 | SH |  | SOLE |  | 26389 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 2200861 | 23824 | SH |  | SOLE |  | 23824 | 0 | 0 |
| MISTRAS GROUP INC COM | COM | 60649T107 |  | 2070397 | 140081 | SH |  | SOLE |  | 140081 | 0 | 0 |
| MODINE MFG CO COM | COM | 607828100 |  | 867057 | 4001 | SH |  | SOLE |  | 4001 | 0 | 0 |
| MOELIS  CO CL A | COM | 60786M105 |  | 1681785 | 29505 | SH |  | SOLE |  | 29505 | 0 | 0 |
| MOLSON COORS BREWING CO CL B | COM | 60871R209 |  | 2598370 | 60343 | SH |  | SOLE |  | 60343 | 0 | 0 |
| MONDELEZ INTL INC CL A | COM | 609207105 |  | 28820 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 11736998 | 161979 | SH |  | SOLE |  | 161979 | 0 | 0 |
| MORGAN STANLEY COM NEW | COM | 617446448 |  | 15150314 | 92060 | SH |  | SOLE |  | 92060 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 7407434 | 17069 | SH |  | SOLE |  | 17069 | 0 | 0 |
| MUELLER INDS INC COM | COM | 624756102 |  | 1197048 | 10804 | SH |  | SOLE |  | 10804 | 0 | 0 |
| NABORS INDUSTRIES LTD SHS | COM | G6359F137 |  | 2467598 | 28673 | SH |  | SOLE |  | 28673 | 0 | 0 |
| NATIONAL FUEL GAS CO N J COM | COM | 636180101 |  | 11467630 | 122048 | SH |  | SOLE |  | 122048 | 0 | 0 |
| NATIONAL RETAIL PPTYS INC COM | COM | 637417106 |  | 1231437 | 29299 | SH |  | SOLE |  | 29299 | 0 | 0 |
| NATIONAL VISION HOLDINGS INC | COM | 63845R107 |  | 2369928 | 91503 | SH |  | SOLE |  | 91503 | 0 | 0 |
| NETFLIX INC COM | COM | 64110L106 |  | 12167879 | 126551 | SH |  | SOLE |  | 126551 | 0 | 0 |
| NEWAMSTERDAM PHARMA CO NV | COM | N62509109 |  | 1158442 | 36190 | SH |  | SOLE |  | 36190 | 0 | 0 |
| NEWMARK GROUP INC-CLASS A | COM | 65158N102 |  | 1352008 | 90194 | SH |  | SOLE |  | 90194 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 834517 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| NEWMONT MINING CORP COM | COM | 651639106 |  | 2499963 | 23094 | SH |  | SOLE |  | 23094 | 0 | 0 |
| NRG ENERGY INC COM NEW | COM | 629377508 |  | 754959 | 5166 | SH |  | SOLE |  | 5166 | 0 | 0 |
| NUTRIEN LTD COM | COM | 67077M108 |  | 720266 | 9545 | SH |  | SOLE |  | 9545 | 0 | 0 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 97383042 | 558389 | SH |  | SOLE |  | 558389 | 0 | 0 |
| O-I Glass Inc Com | COM | 67098H104 |  | 2209128 | 210193 | SH |  | SOLE |  | 210193 | 0 | 0 |
| OFG BANCORP COM | COM | 67103X102 |  | 1017690 | 25153 | SH |  | SOLE |  | 25153 | 0 | 0 |
| OLD SECOND BANCORP INC ILL COM | COM | 680277100 |  | 2649851 | 131441 | SH |  | SOLE |  | 131441 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC COM | COM | 681936100 |  | 7129733 | 162705 | SH |  | SOLE |  | 162705 | 0 | 0 |
| ON SEMICONDUCTOR CORP COM | COM | 682189105 |  | 5865744 | 94731 | SH |  | SOLE |  | 94731 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 204062 | 43603 | SH |  | SOLE |  | 43603 | 0 | 0 |
| ORACLE CORP COM | COM | 68389X105 |  | 4975407 | 33821 | SH |  | SOLE |  | 33821 | 0 | 0 |
| OSHKOSH CORP COM | COM | 688239201 |  | 878696 | 5969 | SH |  | SOLE |  | 5969 | 0 | 0 |
| OUTFRONT MEDIA INC COM | COM | 69007J304 |  | 3134897 | 118298 | SH |  | SOLE |  | 118298 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC-A | COM | 69608A108 |  | 4757757 | 32525 | SH |  | SOLE |  | 32525 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 5446712 | 33974 | SH |  | SOLE |  | 33974 | 0 | 0 |
| PALVELLA THERAPEUTICS INC | COM | 697947109 |  | 967035 | 7758 | SH |  | SOLE |  | 7758 | 0 | 0 |
| PBF ENERGY INC CL A | COM | 69318G106 |  | 1011877 | 21249 | SH |  | SOLE |  | 21249 | 0 | 0 |
| PEPSICO INC COM | COM | 713448108 |  | 15128289 | 97420 | SH |  | SOLE |  | 97420 | 0 | 0 |
| PERFORMANCE FOOD GROUP COM | COM | 71377A103 |  | 4059256 | 47388 | SH |  | SOLE |  | 47388 | 0 | 0 |
| PHINIA INC | COM | 71880K101 |  | 3317629 | 48475 | SH |  | SOLE |  | 48475 | 0 | 0 |
| PIPER SANDLER CO | COM | 724078209 |  | 2641894 | 34512 | SH |  | SOLE |  | 34512 | 0 | 0 |
| PRIMO BRANDS CORPORATION CLASS | COM | 741623102 |  | 3188842 | 169349 | SH |  | SOLE |  | 169349 | 0 | 0 |
| PROCTER  GAMBLE CO COM | COM | 742718109 |  | 6552376 | 45364 | SH |  | SOLE |  | 45364 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 15859788 | 119986 | SH |  | SOLE |  | 119986 | 0 | 0 |
| PRUDENTIAL FINL INC COM | COM | 744320102 |  | 8036370 | 82264 | SH |  | SOLE |  | 82264 | 0 | 0 |
| PUBLIC STORAGE COM | COM | 74460D109 |  | 5041077 | 18610 | SH |  | SOLE |  | 18610 | 0 | 0 |
| QNITY ELECTRONICS INC | COM | 74743L100 |  | 13499 | 117 | SH |  | SOLE |  | 117 | 0 | 0 |
| QUALCOMM INC COM | COM | 747525103 |  | 7214899 | 56025 | SH |  | SOLE |  | 56025 | 0 | 0 |
| QUANTA SVCS INC COM | COM | 74762E102 |  | 2848316 | 5188 | SH |  | SOLE |  | 5188 | 0 | 0 |
| QUEST DIAGNOSTICS INC COM | COM | 74834L100 |  | 9166377 | 46772 | SH |  | SOLE |  | 46772 | 0 | 0 |
| RADNET INC COM | COM | 750491102 |  | 2396116 | 42872 | SH |  | SOLE |  | 42872 | 0 | 0 |
| RAYONIER INC COM | COM | 754907103 |  | 568411 | 27566 | SH |  | SOLE |  | 27566 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | COM | 75513E101 |  | 113811 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 7093699 | 115948 | SH |  | SOLE |  | 115948 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 1010701 | 29211 | SH |  | SOLE |  | 29211 | 0 | 0 |
| REGAL REXNORD CORP | COM | 758750103 |  | 744546 | 3976 | SH |  | SOLE |  | 3976 | 0 | 0 |
| REGENCY CTRS CORP COM | COM | 758849103 |  | 1951498 | 25793 | SH |  | SOLE |  | 25793 | 0 | 0 |
| REXFORD INDUSTRIAL REALTY IN | COM | 76169C100 |  | 1052891 | 32169 | SH |  | SOLE |  | 32169 | 0 | 0 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 1355775 | 15589 | SH |  | SOLE |  | 15589 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | COM | 773903109 |  | 35888 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ROYAL BK CDA MONTREAL QUE COM | COM | 780087102 |  | 549405 | 3396 | SH |  | SOLE |  | 3396 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD CO | COM | V7780T103 |  | 236104 | 858 | SH |  | SOLE |  | 858 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 768701 | 8331 | SH |  | SOLE |  | 8331 | 0 | 0 |
| SALESFORCE COM INC COM | COM | 79466L302 |  | 2438657 | 13064 | SH |  | SOLE |  | 13064 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 832295 | 1310 | SH |  | SOLE |  | 1310 | 0 | 0 |
| SBA COMMUNICATIONS CORP(NEW) C | COM | 78410G104 |  | 1956546 | 11368 | SH |  | SOLE |  | 11368 | 0 | 0 |
| SEMTECH CORP COM | COM | 816850101 |  | 2875225 | 37394 | SH |  | SOLE |  | 37394 | 0 | 0 |
| SERVICENOW INC COM | COM | 81762P102 |  | 1422612 | 13607 | SH |  | SOLE |  | 13607 | 0 | 0 |
| SHOPIFY INC CL A | COM | 82509L107 |  | 435217 | 3669 | SH |  | SOLE |  | 3669 | 0 | 0 |
| SHORE BANCSHARES INC COM | COM | 825107105 |  | 2444409 | 130857 | SH |  | SOLE |  | 130857 | 0 | 0 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 10046133 | 53858 | SH |  | SOLE |  | 53858 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 2263001 | 127493 | SH |  | SOLE |  | 127493 | 0 | 0 |
| SKYWEST INC COM | COM | 830879102 |  | 2051850 | 22344 | SH |  | SOLE |  | 22344 | 0 | 0 |
| SNOWFLAKE INC-CLASS A | COM | 833445109 |  | 844441 | 5599 | SH |  | SOLE |  | 5599 | 0 | 0 |
| SOUTHERN CO COM | COM | 842587107 |  | 115824 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 2175011 | 12641 | SH |  | SOLE |  | 12641 | 0 | 0 |
| SOUTHWEST GAS HOLDINGS INC COM | COM | 844895102 |  | 1973238 | 22707 | SH |  | SOLE |  | 22707 | 0 | 0 |
| SPIRE INC | COM | 84857L101 |  | 2664864 | 29433 | SH |  | SOLE |  | 29433 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A SHS | COM | L8681T102 |  | 484425 | 999 | SH |  | SOLE |  | 999 | 0 | 0 |
| STAG INDL INC COM | COM | 85254J102 |  | 646051 | 17916 | SH |  | SOLE |  | 17916 | 0 | 0 |
| STANDEX INTL CORP COM | COM | 854231107 |  | 2884505 | 11318 | SH |  | SOLE |  | 11318 | 0 | 0 |
| STATE STR CORP COM | COM | 857477103 |  | 602299 | 4759 | SH |  | SOLE |  | 4759 | 0 | 0 |
| STEEL DYNAMICS INC COM | COM | 858119100 |  | 5668380 | 31491 | SH |  | SOLE |  | 31491 | 0 | 0 |
| STERIS PLC | COM | G8473T100 |  | 1612480 | 7292 | SH |  | SOLE |  | 7292 | 0 | 0 |
| STRYKER CORP COM | COM | 863667101 |  | 5787127 | 17612 | SH |  | SOLE |  | 17612 | 0 | 0 |
| SUN COMMUNITIES INC COM | COM | 866674104 |  | 2488718 | 19758 | SH |  | SOLE |  | 19758 | 0 | 0 |
| T-MOBILE USA | COM | 872590104 |  | 704298 | 3353 | SH |  | SOLE |  | 3353 | 0 | 0 |
| TANGER FACTORY OUTLET CTRS INC | COM | 875465106 |  | 3390660 | 99784 | SH |  | SOLE |  | 99784 | 0 | 0 |
| TAT TECHNOLOGIES LTD | COM | M8740S227 |  | 1352085 | 33278 | SH |  | SOLE |  | 33278 | 0 | 0 |
| TESLA INC COM | COM | 88160R101 |  | 25830677 | 69484 | SH |  | SOLE |  | 69484 | 0 | 0 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 14552540 | 74959 | SH |  | SOLE |  | 74959 | 0 | 0 |
| TIMKEN CO COM | COM | 887389104 |  | 782937 | 7785 | SH |  | SOLE |  | 7785 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 8819273 | 55224 | SH |  | SOLE |  | 55224 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | COM | 89417E109 |  | 58336 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 2893335 | 61916 | SH |  | SOLE |  | 61916 | 0 | 0 |
| TRONOX HOLDINGS PLC SHS | COM | G9087Q102 |  | 2004237 | 205142 | SH |  | SOLE |  | 205142 | 0 | 0 |
| TWILIO INC - A | COM | 90138F102 |  | 4587271 | 36459 | SH |  | SOLE |  | 36459 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | COM | 90353T100 |  | 2556536 | 35542 | SH |  | SOLE |  | 35542 | 0 | 0 |
| UBS AG SHS NEW | COM | H42097107 |  | 434302 | 11116 | SH |  | SOLE |  | 11116 | 0 | 0 |
| UDR INC COM | COM | 902653104 |  | 1174564 | 34771 | SH |  | SOLE |  | 34771 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 6164004 | 25406 | SH |  | SOLE |  | 25406 | 0 | 0 |
| UNITED NAT FOODS INC COM | COM | 911163103 |  | 3018389 | 66986 | SH |  | SOLE |  | 66986 | 0 | 0 |
| UNITED RENTALS INC COM | COM | 911363109 |  | 6182560 | 8486 | SH |  | SOLE |  | 8486 | 0 | 0 |
| URANIUM ENERGY CORP COM | COM | 916896103 |  | 558630 | 41380 | SH |  | SOLE |  | 41380 | 0 | 0 |
| US BANCORP DEL COM NEW | COM | 902973304 |  | 3098184 | 59569 | SH |  | SOLE |  | 59569 | 0 | 0 |
| VALERO ENERGY CORP COM | COM | 91913Y100 |  | 7411906 | 29998 | SH |  | SOLE |  | 29998 | 0 | 0 |
| VALLEY NATL BANCORP COM | COM | 919794107 |  | 3051457 | 248490 | SH |  | SOLE |  | 248490 | 0 | 0 |
| VERICEL CORP COM | COM | 92346J108 |  | 1106519 | 34396 | SH |  | SOLE |  | 34396 | 0 | 0 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 821638 | 43542 | SH |  | SOLE |  | 43542 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 5553275 | 110623 | SH |  | SOLE |  | 110623 | 0 | 0 |
| VIAVI SOLUTIONS INC COM | COM | 925550105 |  | 3629018 | 109045 | SH |  | SOLE |  | 109045 | 0 | 0 |
| VIKING HOLDINGS LTD | COM | G93A5A101 |  | 4108708 | 55916 | SH |  | SOLE |  | 55916 | 0 | 0 |
| VIRIDIAN THERAPEUTICS INC | COM | 92790C104 |  | 1130353 | 57789 | SH |  | SOLE |  | 57789 | 0 | 0 |
| VISA INC COM CL A | COM | 92826C839 |  | 11414698 | 37767 | SH |  | SOLE |  | 37767 | 0 | 0 |
| VISTRA ENERGY CORP COM | COM | 92840M102 |  | 4928569 | 32785 | SH |  | SOLE |  | 32785 | 0 | 0 |
| VORNADO RLTY TR SH BEN INT | COM | 929042109 |  | 1037859 | 39933 | SH |  | SOLE |  | 39933 | 0 | 0 |
| W P CAREY  CO INC | COM | 92936U109 |  | 2186273 | 32170 | SH |  | SOLE |  | 32170 | 0 | 0 |
| WABTEC CORP COM | COM | 929740108 |  | 1499 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| WALMART INC COM | COM | 931142103 |  | 9732367 | 78310 | SH |  | SOLE |  | 78310 | 0 | 0 |
| WASTE MGMT INC DEL COM | COM | 94106L109 |  | 14213980 | 61856 | SH |  | SOLE |  | 61856 | 0 | 0 |
| WEATHERFORD INTERNATIONAL PL | COM | G48833118 |  | 2302550 | 24345 | SH |  | SOLE |  | 24345 | 0 | 0 |
| WELLS FARGO CO NEW COM | COM | 949746101 |  | 14569426 | 183010 | SH |  | SOLE |  | 183010 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 18171328 | 91909 | SH |  | SOLE |  | 91909 | 0 | 0 |
| WESTERN DIGITAL CORP COM | COM | 958102105 |  | 1742767 | 6443 | SH |  | SOLE |  | 6443 | 0 | 0 |
| WEYERHAEUSER CO MTN BE COM | COM | 962166104 |  | 1837234 | 75204 | SH |  | SOLE |  | 75204 | 0 | 0 |
| WILLIS LEASE FINANCE CORP COM | COM | 970646105 |  | 2399815 | 14095 | SH |  | SOLE |  | 14095 | 0 | 0 |
| WORKIVA INC | COM | 98139A105 |  | 2119429 | 35543 | SH |  | SOLE |  | 35543 | 0 | 0 |
| XENIA HOTELS  RESORTS INC COM | COM | 984017103 |  | 579853 | 39100 | SH |  | SOLE |  | 39100 | 0 | 0 |
| YUM BRANDS INC COM | COM | 988498101 |  | 31096 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ZURN ELKAY WATER SOLUTIONS C | COM | 98983L108 |  | 528305 | 11782 | SH |  | SOLE |  | 11782 | 0 | 0 |
| INVESCO BULLETSHARES 2026 MU | ETFBDFD | 46138J510 |  | 166556 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| INVESCO BULLETSHARES 2027 MU | ETFBDFD | 46138J494 |  | 166997 | 7060 | SH |  | SOLE |  | 7060 | 0 | 0 |
| INVESCO BULLETSHARES 2028 MU | ETFBDFD | 46138J486 |  | 166340 | 7110 | SH |  | SOLE |  | 7110 | 0 | 0 |
| INVESCO BULLETSHARES 2029 MU | ETFBDFD | 46138J478 |  | 165426 | 7185 | SH |  | SOLE |  | 7185 | 0 | 0 |
| INVESCO BULLETSHARES 2030 CORP | ETFBDFD | 46138J460 |  | 66442 | 3974 | SH |  | SOLE |  | 3974 | 0 | 0 |
| INVESCO BULLETSHARES 2030 MU | ETFBDFD | 46138J445 |  | 164691 | 7550 | SH |  | SOLE |  | 7550 | 0 | 0 |
| INVESCO BULLETSHARES 2031 CR | ETFBDFD | 46138J429 |  | 201256 | 12227 | SH |  | SOLE |  | 12227 | 0 | 0 |
| INVESCO BULLETSHARES 2034 CB | ETFBDFD | 46139W783 |  | 98813 | 4774 | SH |  | SOLE |  | 4774 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD TR | ETFBDFD | 46138J791 |  | 92650 | 4744 | SH |  | SOLE |  | 4744 | 0 | 0 |
| INVSC BULLETSHARES 2032 CORP | ETFBDFD | 46139W858 |  | 36008 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| ISHARES IBONDS DEC 2033 CORP | ETFBDFD | 46436E130 |  | 21688 | 839 | SH |  | SOLE |  | 839 | 0 | 0 |
| ISHARES IBONDS DEC 2035 TC | ETFBDFD | 46438G372 |  | 36845 | 1437 | SH |  | SOLE |  | 1437 | 0 | 0 |
| ISHARES TR | ETFBDFD | 464288588 |  | 5421550 | 57099 | SH |  | SOLE |  | 57099 | 0 | 0 |
| ISHARES TR IBDS DEC28 ETF | ETFBDFD | 46435U515 |  | 72950 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| ISHARES TR IBONDS DEC 29 | ETFBDFD | 46436E205 |  | 28819 | 1239 | SH |  | SOLE |  | 1239 | 0 | 0 |
| ISHARES TR IBONDS ETF | ETFBDFD | 46435UAA9 |  | 88646 | 3657 | SH |  | SOLE |  | 3657 | 0 | 0 |
| ISHARES TR ULTR SH TRM BD | ETFBDFD | 46434V878 |  | 160263 | 3166 | SH |  | SOLE |  | 3166 | 0 | 0 |
| JANUS HENDERSON AAA CLO ETF | ETFBDFD | 47103U845 |  | 6382332 | 126709 | SH |  | SOLE |  | 126709 | 0 | 0 |
| SIMPLIFY MBS ETF | ETFBDFD | 82889N525 |  | 423031 | 8553 | SH |  | SOLE |  | 8553 | 0 | 0 |
| TOTAL BOND MARKET (VANGUARD) | ETFBDFD | 921937835 |  | 336608 | 4571 | SH |  | SOLE |  | 4571 | 0 | 0 |
| ISHARES TR MSCI CHINA ETF | ETFEqty | 46429B671 |  | 787194 | 14012 | SH |  | SOLE |  | 14012 | 0 | 0 |
| S 500 (VANGUARD) | ETFEqty | 922908363 |  | 313116 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR FRAN | ETFIntl | 35473P769 |  | 753961 | 22696 | SH |  | SOLE |  | 22696 | 0 | 0 |
| ISHARES Global Tech ETF | ETFIntl | 464287291 |  | 232830 | 2329 | SH |  | SOLE |  | 2329 | 0 | 0 |
| ISHARES INC MSCI TAIWAN | ETFIntl | 46434G772 |  | 313112 | 4415 | SH |  | SOLE |  | 4415 | 0 | 0 |
| ISHARES MSCI KOREA INDEX FUND | ETFIntl | 464286772 |  | 715918 | 5820 | SH |  | SOLE |  | 5820 | 0 | 0 |
| MSCI EAFE (ISHARES) | ETFIntl | 464287465 |  | 238260 | 2453 | SH |  | SOLE |  | 2453 | 0 | 0 |
| MSCI POLAND INVESTABLE MARKET | ETFIntl | 46429B606 |  | 1724378 | 47360 | SH |  | SOLE |  | 47360 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX FDS | ETFIntl | 922042858 |  | 168095 | 3110 | SH |  | SOLE |  | 3110 | 0 | 0 |
| GLOBAL EX-US REAL ESTATE (VANG | ETFEQTY | 922042676 |  | 103835 | 2336 | SH |  | SOLE |  | 2336 | 0 | 0 |
| INVESCO DB MLTI SECTR CMMTY TR | ETFEQTY | 46140H304 |  | 105355 | 3575 | SH |  | SOLE |  | 3575 | 0 | 0 |
| INVESCO DB MULTI SECT COMM TR | ETFEQTY | 46140H106 |  | 133021 | 4869 | SH |  | SOLE |  | 4869 | 0 | 0 |
| INVESCO DB MULTI SECT COMM TR | ETFEQTY | 46140H502 |  | 116092 | 1055 | SH |  | SOLE |  | 1055 | 0 | 0 |
| INVESCO DB US DOLLAR INDEX B | ETFEQTY | 46141D203 |  | 130983 | 4715 | SH |  | SOLE |  | 4715 | 0 | 0 |
| REIT INDEX (VANGUARD) | ETFEQTY | 922908553 |  | 105553 | 1190 | SH |  | SOLE |  | 1190 | 0 | 0 |

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