# EDGAR Filing Document

**Accession Number:** 0001486180
**File Stem:** 0001486180-23-000001
**Filing Date:** 2023-2
**Character Count:** 21264
**Document Hash:** 246a56807ca3275074125b2da3dd6fe8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001486180-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001486180-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RIVER & MERCANTILE ASSET MANAGEMENT LLP
- **CENTRAL INDEX KEY:** 0001486180
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13893
- **FILM NUMBER:** 23615832

**BUSINESS ADDRESS:**
- **STREET 1:** 30 COLEMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2R 5AL
- **BUSINESS PHONE:** 020 7601 6262

**MAIL ADDRESS:**
- **STREET 1:** 30 COLEMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2R 5AL

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** River & Mercantile Asset Management LLP
- **DATE OF NAME CHANGE:** 20100303

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** RIVER  MERCANTILE ASSET MANAGEMENT LLP<br>**Address:** 30 COLEMAN STREET<br>LONDON, X0 EC2R 5AL

**Form 13F File Number:** 028-13893

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:** David A Rozenson<br>**Title:** Attorney-in-Fact<br>**Phone:** 617-733-1054

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

David A Rozenson  Newton, MA  02-13-2023<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:** 189

**Form 13F Information Table Value Total:** $465623000

      (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 |
| 2U INC | COM | 90214J101 |  | 929 | 148301 | SH |  | SOLE |  | 148301 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 1180 | 9834 | SH |  | SOLE |  | 9834 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4307 | 16140 | SH |  | SOLE |  | 16140 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3127 | 48256 | SH |  | SOLE |  | 48256 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 3252 | 20520 | SH |  | SOLE |  | 20520 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 4658 | 33589 | SH |  | SOLE |  | 33589 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 721 | 8428 | SH |  | SOLE |  | 8428 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9434 | 106922 | SH |  | SOLE |  | 106922 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 5119 | 60937 | SH |  | SOLE |  | 60937 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1917 | 12974 | SH |  | SOLE |  | 12974 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1816 | 13980 | SH |  | SOLE |  | 13980 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 3336 | 34255 | SH |  | SOLE |  | 34255 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 1236 | 41621 | SH |  | SOLE |  | 41621 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 2053 | 49403 | SH |  | SOLE |  | 49403 | 0 | 0 |
| AXALTA COATING SYS LTD | COM | G0750C108 |  | 1237 | 48557 | SH |  | SOLE |  | 48557 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 10587 | 358548 | SH |  | SOLE |  | 358548 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 417 | 8142 | SH |  | SOLE |  | 8142 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3495 | 105516 | SH |  | SOLE |  | 105516 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 5210 | 303919 | SH |  | SOLE |  | 303919 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 2202 | 52248 | SH |  | SOLE |  | 52248 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3467 | 11217 | SH |  | SOLE |  | 11217 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 552 | 44816 | SH |  | SOLE |  | 44816 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 1142 | 17270 | SH |  | SOLE |  | 17270 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 383 | 541 | SH |  | SOLE |  | 541 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 617 | 16907 | SH |  | SOLE |  | 16907 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 1437 | 71390 | SH |  | SOLE |  | 71390 | 0 | 0 |
| BLUE APRON HLDGS INC | CL A NEW | 09523Q200 |  | 272 | 329731 | SH |  | SOLE |  | 329731 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1415 | 7421 | SH |  | SOLE |  | 7421 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 8718 | 4325 | SH |  | SOLE |  | 4325 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 2879 | 71511 | SH |  | SOLE |  | 71511 | 0 | 0 |
| BOSTON PROPERTIES INC | COM | 101121101 |  | 658 | 9760 | SH |  | SOLE |  | 9760 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 956 | 13290 | SH |  | SOLE |  | 13290 | 0 | 0 |
| CANADA GOOSE HLDGS INC | SHS SUB VTG | 135086106 |  | 1298 | 73347 | SH |  | SOLE |  | 73347 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 2963 | 51674 | SH |  | SOLE |  | 51674 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 3957 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 226 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 5533 | 1364776 | SH |  | SOLE |  | 1364776 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 398 | 1830 | SH |  | SOLE |  | 1830 | 0 | 0 |
| CHEESECAKE FACTORY INC | COM | 163072101 |  | 1265 | 39897 | SH |  | SOLE |  | 39897 | 0 | 0 |
| CHEGG INC | COM | 163092109 |  | 1456 | 57607 | SH |  | SOLE |  | 57607 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2219 | 46596 | SH |  | SOLE |  | 46596 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 10742 | 237563 | SH |  | SOLE |  | 237563 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 4339 | 110226 | SH |  | SOLE |  | 110226 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3511 | 55195 | SH |  | SOLE |  | 55195 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1401 | 17780 | SH |  | SOLE |  | 17780 | 0 | 0 |
| CRITEO S A | SPONS ADS | 226718104 |  | 2577 | 98852 | SH |  | SOLE |  | 98852 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 378 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 2859 | 32080 | SH |  | SOLE |  | 32080 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1834 | 55808 | SH |  | SOLE |  | 55808 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 3432 | 55806 | SH |  | SOLE |  | 55806 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 10412 | 119860 | SH |  | SOLE |  | 119860 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1811 | 32706 | SH |  | SOLE |  | 32706 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 857 | 2474 | SH |  | SOLE |  | 2474 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 1734 | 152263 | SH |  | SOLE |  | 152263 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 1643 | 73394 | SH |  | SOLE |  | 73394 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 1229 | 17276 | SH |  | SOLE |  | 17276 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 1413 | 21455 | SH |  | SOLE |  | 21455 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1801 | 22108 | SH |  | SOLE |  | 22108 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 2844 | 68572 | SH |  | SOLE |  | 68572 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1354 | 11080 | SH |  | SOLE |  | 11080 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 1070 | 60650 | SH |  | SOLE |  | 60650 | 0 | 0 |
| FARFETCH LTD | ORD SH CL A | 30744W107 |  | 992 | 209454 | SH |  | SOLE |  | 209454 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1373 | 7926 | SH |  | SOLE |  | 7926 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 357 | 5261 | SH |  | SOLE |  | 5261 | 0 | 0 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 1434 | 37099 | SH |  | SOLE |  | 37099 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 10273 | 101644 | SH |  | SOLE |  | 101644 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 984 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 720 | 11195 | SH |  | SOLE |  | 11195 | 0 | 0 |
| GAN LTD | SHS | G3728V109 |  | 1101 | 726717 | SH |  | SOLE |  | 726717 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 328 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 3181 | 37948 | SH |  | SOLE |  | 37948 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1896 | 56353 | SH |  | SOLE |  | 56353 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1738 | 20239 | SH |  | SOLE |  | 20239 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 1805 | 18171 | SH |  | SOLE |  | 18171 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 1064 | 330025 | SH |  | SOLE |  | 330025 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 5617 | 135097 | SH |  | SOLE |  | 135097 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 1338 | 142200 | SH |  | SOLE |  | 142200 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 2432 | 35538 | SH |  | SOLE |  | 35538 | 0 | 0 |
| HELLO GROUP INC | ADS | 423403104 |  | 1881 | 209365 | SH |  | SOLE |  | 209365 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 9366 | 117257 | SH |  | SOLE |  | 117257 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1162 | 3677 | SH |  | SOLE |  | 3677 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 2755 | 195524 | SH |  | SOLE |  | 195524 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 1037 | 70794 | SH |  | SOLE |  | 70794 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 852 | 32238 | SH |  | SOLE |  | 32238 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1921 | 13629 | SH |  | SOLE |  | 13629 | 0 | 0 |
| IQIYI INC | SPONSORED ADS | 46267X108 |  | 2087 | 393392 | SH |  | SOLE |  | 393392 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 0 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1264 | 7150 | SH |  | SOLE |  | 7150 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 2061 | 32223 | SH |  | SOLE |  | 32223 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 345 | 2165 | SH |  | SOLE |  | 2165 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3276 | 24430 | SH |  | SOLE |  | 24430 | 0 | 0 |
| KINGSOFT CLOUD HLDGS LTD | ADS | 49639K101 |  | 1333 | 346718 | SH |  | SOLE |  | 346718 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 531 | 11441 | SH |  | SOLE |  | 11441 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5477 | 14520 | SH |  | SOLE |  | 14520 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 1209 | 23081 | SH |  | SOLE |  | 23081 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 3375 | 82879 | SH |  | SOLE |  | 82879 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 976 | 87864 | SH |  | SOLE |  | 87864 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 4775 | 99313 | SH |  | SOLE |  | 99313 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 490 | 1974 | SH |  | SOLE |  | 1974 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 853 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 307 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| LL FLOORING HOLDINGS INC | COM | 55003T107 |  | 846 | 150610 | SH |  | SOLE |  | 150610 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 623 | 22580 | SH |  | SOLE |  | 22580 | 0 | 0 |
| MALIBU BOATS INC | COM CL A | 56117J100 |  | 164 | 3070 | SH |  | SOLE |  | 3070 | 0 | 0 |
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 |  | 969 | 41540 | SH |  | SOLE |  | 41540 | 0 | 0 |
| MARATHON OIL CORP | COM | 565849106 |  | 2336 | 86310 | SH |  | SOLE |  | 86310 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1121 | 7533 | SH |  | SOLE |  | 7533 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1060 | 28608 | SH |  | SOLE |  | 28608 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 947 | 53068 | SH |  | SOLE |  | 53068 | 0 | 0 |
| MAXCYTE INC | COM | 57777K106 |  | 8749 | 1648238 | SH |  | SOLE |  | 1648238 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 6496 | 17309 | SH |  | SOLE |  | 17309 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2253 | 2662 | SH |  | SOLE |  | 2662 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8156 | 67769 | SH |  | SOLE |  | 67769 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1605 | 32107 | SH |  | SOLE |  | 32107 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3126 | 13031 | SH |  | SOLE |  | 13031 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 2051 | 20068 | SH |  | SOLE |  | 20068 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 2183 | 49769 | SH |  | SOLE |  | 49769 | 0 | 0 |
| NEOGEN CORP | COM | 640491106 |  | 78 | 5217 | SH |  | SOLE |  | 5217 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 3088 | 10470 | SH |  | SOLE |  | 10470 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2334 | 19950 | SH |  | SOLE |  | 19950 | 0 | 0 |
| NOAH HLDGS LTD | SPON ADS CL A | 65487X102 |  | 1097 | 70723 | SH |  | SOLE |  | 70723 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 3105 | 148559 | SH |  | SOLE |  | 148559 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 452 | 3420 | SH |  | SOLE |  | 3420 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1419 | 9714 | SH |  | SOLE |  | 9714 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 620 | 3920 | SH |  | SOLE |  | 3920 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 320 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 2666 | 32664 | SH |  | SOLE |  | 32664 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3877 | 47425 | SH |  | SOLE |  | 47425 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 5599 | 65666 | SH |  | SOLE |  | 65666 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 743 | 44033 | SH |  | SOLE |  | 44033 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 4110 | 14131 | SH |  | SOLE |  | 14131 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 5818 | 81666 | SH |  | SOLE |  | 81666 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 1994 | 67164 | SH |  | SOLE |  | 67164 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 7695 | 150125 | SH |  | SOLE |  | 150125 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 2560 | 105488 | SH |  | SOLE |  | 105488 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 1415 | 11254 | SH |  | SOLE |  | 11254 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4892 | 32270 | SH |  | SOLE |  | 32270 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 989 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 2096 | 20772 | SH |  | SOLE |  | 20772 | 0 | 0 |
| RE MAX HLDGS INC | CL A | 75524W108 |  | 929 | 49853 | SH |  | SOLE |  | 49853 | 0 | 0 |
| RENT THE RUNWAY INC | COM CL A | 76010Y103 |  | 654 | 215120 | SH |  | SOLE |  | 215120 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 1663 | 101087 | SH |  | SOLE |  | 101087 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 585 | 20535 | SH |  | SOLE |  | 20535 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 1402 | 226880 | SH |  | SOLE |  | 226880 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 68 | 1271 | SH |  | SOLE |  | 1271 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 5327 | 63984 | SH |  | SOLE |  | 63984 | 0 | 0 |
| SCOTTS MIRACLE-GRO CO | CL A | 810186106 |  | 289 | 5964 | SH |  | SOLE |  | 5964 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1104 | 21234 | SH |  | SOLE |  | 21234 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 793 | 88683 | SH |  | SOLE |  | 88683 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 800 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 2193 | 65142 | SH |  | SOLE |  | 65142 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 |  | 3688 | 630888 | SH |  | SOLE |  | 630888 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 1738 | 58686 | SH |  | SOLE |  | 58686 | 0 | 0 |
| SPLUNK INC | COM | 848637104 |  | 1882 | 21877 | SH |  | SOLE |  | 21877 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 2826 | 35817 | SH |  | SOLE |  | 35817 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 4807 | 148501 | SH |  | SOLE |  | 148501 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 2596 | 26165 | SH |  | SOLE |  | 26165 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 7076 | 91227 | SH |  | SOLE |  | 91227 | 0 | 0 |
| STERICYCLE INC | COM | 858912108 |  | 2623 | 52599 | SH |  | SOLE |  | 52599 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2712 | 26039 | SH |  | SOLE |  | 26039 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 314 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 2653 | 320183 | SH |  | SOLE |  | 320183 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 563 | 448361 | SH |  | SOLE |  | 448361 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 2721 | 17390 | SH |  | SOLE |  | 17390 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 7682 | 389002 | SH |  | SOLE |  | 389002 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 1131 | 62954 | SH |  | SOLE |  | 62954 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1983 | 80208 | SH |  | SOLE |  | 80208 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1586 | 2990 | SH |  | SOLE |  | 2990 | 0 | 0 |
| UNIVAR SOLUTIONS INC | COM | 91336L107 |  | 1603 | 50414 | SH |  | SOLE |  | 50414 | 0 | 0 |
| UPLAND SOFTWARE INC | COM | 91544A109 |  | 513 | 71829 | SH |  | SOLE |  | 71829 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 2803 | 251967 | SH |  | SOLE |  | 251967 | 0 | 0 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 1344 | 37584 | SH |  | SOLE |  | 37584 | 0 | 0 |
| VIMEO INC | COMMON STOCK | 92719V100 |  | 966 | 281281 | SH |  | SOLE |  | 281281 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1229 | 8671 | SH |  | SOLE |  | 8671 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 917 | 96683 | SH |  | SOLE |  | 96683 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 15056 | 43971 | SH |  | SOLE |  | 43971 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 794 | 24126 | SH |  | SOLE |  | 24126 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 5323 | 128909 | SH |  | SOLE |  | 128909 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1798 | 130527 | SH |  | SOLE |  | 130527 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 |  | 2251 | 64032 | SH |  | SOLE |  | 64032 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2127 | 68641 | SH |  | SOLE |  | 68641 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 825 | 5828 | SH |  | SOLE |  | 5828 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 8493 | 34715 | SH |  | SOLE |  | 34715 | 0 | 0 |
| WISDOMTREE INC | COM | 97717P104 |  | 71 | 13046 | SH |  | SOLE |  | 13046 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 658 | 12040 | SH |  | SOLE |  | 12040 | 0 | 0 |
| ZILLOW GROUP INC | CL A | 98954M101 |  | 876 | 28094 | SH |  | SOLE |  | 28094 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 2402 | 18850 | SH |  | SOLE |  | 18850 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 1848 | 37574 | SH |  | SOLE |  | 37574 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 435 | 6419 | SH |  | SOLE |  | 6419 | 0 | 0 |

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