# EDGAR Filing Document

**Accession Number:** 0001540880
**File Stem:** 0001540880-25-000005
**Filing Date:** 2025-8
**Character Count:** 49789
**Document Hash:** 72e0ea5607bc8eae661ecd6f9c567e1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001540880-25-000005.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001540880-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
- **CENTRAL INDEX KEY:** 0001540880

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14940
- **FILM NUMBER:** 251175158

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 3069
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** SE 10361
- **BUSINESS PHONE:** 004687877500

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 3069
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** SE 10361

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND<br>**Address:** P.O. BOX 3069<br>STOCKHOLM, V7 SE 10361

**Form 13F File Number:** 028-14940

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:** carina Sand<br>**Title:** Senior Financial Specialist<br>**Phone:** 0046739833183

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

carina Margareta Sand  stockholm, V7  08-01-2025<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:** 494

**Form 13F Information Table Value Total:** $10840755

      (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 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 8889 | 75324 | SH |  | SOLE |  | 75324 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 540930 | 2636499 | SH |  | SOLE |  | 2636499 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 62031 | 334184 | SH |  | SOLE |  | 334184 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 10323 | 78000 | SH |  | SOLE |  | 78000 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 67976 | 499788 | SH |  | SOLE |  | 499788 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A905 |  | 19735 | 216750 | SH |  | SOLE |  | 216750 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 2082 | 96773 | SH |  | SOLE |  | 96773 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 8101 | 71777 | SH |  | SOLE |  | 71777 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 60292 | 201721 | SH |  | SOLE |  | 201721 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 49646 | 128323 | SH |  | SOLE |  | 128323 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 19198 | 80659 | SH |  | SOLE |  | 80659 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 3391 | 64243 | SH |  | SOLE |  | 64243 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 38463 | 124717 | SH |  | SOLE |  | 124717 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 17888 | 57782 | SH |  | SOLE |  | 57782 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 3957 | 33819 | SH |  | SOLE |  | 33819 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 3264 | 25858 | SH |  | SOLE |  | 25858 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 14857 | 140874 | SH |  | SOLE |  | 140874 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 9237 | 107926 | SH |  | SOLE |  | 107926 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 0 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 24743 | 77294 | SH |  | SOLE |  | 77294 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 5305 | 66511 | SH |  | SOLE |  | 66511 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 2406 | 12708 | SH |  | SOLE |  | 12708 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 14224 | 70655 | SH |  | SOLE |  | 70655 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 3002 | 20832 | SH |  | SOLE |  | 20832 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 9788 | 30015 | SH |  | SOLE |  | 30015 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 39648 | 216572 | SH |  | SOLE |  | 216572 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 1464 | 159300 | SH |  | SOLE |  | 159300 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 36483 | 257102 | SH |  | SOLE |  | 257102 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 5162 | 28528 | SH |  | SOLE |  | 28528 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 30261 | 108381 | SH |  | SOLE |  | 108381 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 2723 | 75500 | SH |  | SOLE |  | 75500 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 12778 | 23941 | SH |  | SOLE |  | 23941 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 16683 | 75484 | SH |  | SOLE |  | 75484 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 331991 | 1513246 | SH |  | SOLE |  | 1513246 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 30599 | 299084 | SH |  | SOLE |  | 299084 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 7062 | 20107 | SH |  | SOLE |  | 20107 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 26074 | 73085 | SH |  | SOLE |  | 73085 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 31675 | 320764 | SH |  | SOLE |  | 320764 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 9082 | 64015 | SH |  | SOLE |  | 64015 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 17504 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 679 | 9959 | SH |  | SOLE |  | 9959 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 2113 | 29088 | SH |  | SOLE |  | 29088 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 7257 | 41900 | SH |  | SOLE |  | 41900 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 5651 | 27771 | SH |  | SOLE |  | 27771 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 190747 | 691990 | SH |  | SOLE |  | 691990 | 0 | 0 |
| AVANTOR INC | COM | 05352A100 |  | 1738 | 129117 | SH |  | SOLE |  | 129117 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 2123 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 14748 | 106015 | SH |  | SOLE |  | 106015 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 9604 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 30515 | 95663 | SH |  | SOLE |  | 95663 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 28551 | 7691 | SH |  | SOLE |  | 7691 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 55600 | 1174970 | SH |  | SOLE |  | 1174970 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 7932 | 76177 | SH |  | SOLE |  | 76177 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 729 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 1754 | 57934 | SH |  | SOLE |  | 57934 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 3358 | 50022 | SH |  | SOLE |  | 50022 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 9327 | 54146 | SH |  | SOLE |  | 54146 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 1 | 34 | SH |  | SOLE |  | 34 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 1247 | 46336 | SH |  | SOLE |  | 46336 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 1112 | 13854 | SH |  | SOLE |  | 13854 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 3444 | 27421 | SH |  | SOLE |  | 27421 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 9168 | 100627 | SH |  | SOLE |  | 100627 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 30075 | 5195 | SH |  | SOLE |  | 5195 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 42527 | 1109203 | SH |  | SOLE |  | 1109203 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1214 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 36158 | 34461 | SH |  | SOLE |  | 34461 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 5292 | 96269 | SH |  | SOLE |  | 96269 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 21919 | 473506 | SH |  | SOLE |  | 473506 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 9270 | 38142 | SH |  | SOLE |  | 38142 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 114330 | 235359 | SH |  | SOLE |  | 235359 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 14484 | 130643 | SH |  | SOLE |  | 130643 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 30930 | 287958 | SH |  | SOLE |  | 287958 | 0 | 0 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 6364 | 117913 | SH |  | SOLE |  | 117913 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 3018 | 12972 | SH |  | SOLE |  | 12972 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 17302 | 115672 | SH |  | SOLE |  | 115672 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 1876 | 27800 | SH |  | SOLE |  | 27800 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 26733 | 314064 | SH |  | SOLE |  | 314064 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 2415 | 117980 | SH |  | SOLE |  | 117980 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 11696 | 69617 | SH |  | SOLE |  | 69617 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 8584 | 117289 | SH |  | SOLE |  | 117289 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 46021 | 118546 | SH |  | SOLE |  | 118546 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 39478 | 136264 | SH |  | SOLE |  | 136264 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 22724 | 97442 | SH |  | SOLE |  | 97442 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 5943 | 42413 | SH |  | SOLE |  | 42413 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 4451 | 48008 | SH |  | SOLE |  | 48008 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 8529 | 83025 | SH |  | SOLE |  | 83025 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 1009 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 4336 | 154200 | SH |  | SOLE |  | 154200 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 21941 | 71203 | SH |  | SOLE |  | 71203 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 7403 | 41451 | SH |  | SOLE |  | 41451 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 29079 | 90094 | SH |  | SOLE |  | 90094 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 3870 | 86484 | SH |  | SOLE |  | 86484 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 2584 | 50265 | SH |  | SOLE |  | 50265 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 18885 | 196493 | SH |  | SOLE |  | 196493 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 15589 | 70461 | SH |  | SOLE |  | 70461 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 5572 | 13629 | SH |  | SOLE |  | 13629 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 18877 | 57104 | SH |  | SOLE |  | 57104 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 5314 | 35686 | SH |  | SOLE |  | 35686 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 29950 | 329484 | SH |  | SOLE |  | 329484 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1408 | 11729 | SH |  | SOLE |  | 11729 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 21307 | 596991 | SH |  | SOLE |  | 596991 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 32480 | 117845 | SH |  | SOLE |  | 117845 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 26174 | 466150 | SH |  | SOLE |  | 466150 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 11908 | 36361 | SH |  | SOLE |  | 36361 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 7288 | 134260 | SH |  | SOLE |  | 134260 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 2379 | 183583 | SH |  | SOLE |  | 183583 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 22805 | 107188 | SH |  | SOLE |  | 107188 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 11216 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 2442 | 34320 | SH |  | SOLE |  | 34320 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 39030 | 130166 | SH |  | SOLE |  | 130166 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 113404 | 114556 | SH |  | SOLE |  | 114556 | 0 | 0 |
| CORPAY INC COM | SHS | 219948106 |  | 4696 | 14152 | SH |  | SOLE |  | 14152 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 3917 | 127800 | SH |  | SOLE |  | 127800 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 11412 | 232556 | SH |  | SOLE |  | 232556 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 2459 | 21821 | SH |  | SOLE |  | 21821 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 2311 | 65100 | SH |  | SOLE |  | 65100 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 1873 | 20400 | SH |  | SOLE |  | 20400 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 41900 | 153655 | SH |  | SOLE |  | 153655 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 20238 | 39737 | SH |  | SOLE |  | 39737 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 96901 | 1396668 | SH |  | SOLE |  | 1396668 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 6221 | 77370 | SH |  | SOLE |  | 77370 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 5004 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 20672 | 633533 | SH |  | SOLE |  | 633533 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 21674 | 97248 | SH |  | SOLE |  | 97248 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 17465 | 223820 | SH |  | SOLE |  | 223820 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 3168 | 42501 | SH |  | SOLE |  | 42501 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 9098 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 14487 | 210019 | SH |  | SOLE |  | 210019 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 7586 | 18644 | SH |  | SOLE |  | 18644 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 9207 | 162900 | SH |  | SOLE |  | 162900 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 14347 | 58200 | SH |  | SOLE |  | 58200 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1161 | 16925 | SH |  | SOLE |  | 16925 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 8840 | 65811 | SH |  | SOLE |  | 65811 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 20341 | 40003 | SH |  | SOLE |  | 40003 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 4216 | 40900 | SH |  | SOLE |  | 40900 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 6394 | 52156 | SH |  | SOLE |  | 52156 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 5403 | 47234 | SH |  | SOLE |  | 47234 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 8123 | 45220 | SH |  | SOLE |  | 45220 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 8527 | 66138 | SH |  | SOLE |  | 66138 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 20657 | 104572 | SH |  | SOLE |  | 104572 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 35343 | 285000 | SH |  | SOLE |  | 285000 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 4538 | 105800 | SH |  | SOLE |  | 105800 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 3719 | 18800 | SH |  | SOLE |  | 18800 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 9797 | 56200 | SH |  | SOLE |  | 56200 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 3055 | 30844 | SH |  | SOLE |  | 30844 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 1891 | 108000 | SH |  | SOLE |  | 108000 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 4814 | 61800 | SH |  | SOLE |  | 61800 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 5893 | 32162 | SH |  | SOLE |  | 32162 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 1361 | 51383 | SH |  | SOLE |  | 51383 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 2803 | 6221 | SH |  | SOLE |  | 6221 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 6442 | 29553 | SH |  | SOLE |  | 29553 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 8571 | 155246 | SH |  | SOLE |  | 155246 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 1302 | 9139 | SH |  | SOLE |  | 9139 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 8523 | 97644 | SH |  | SOLE |  | 97644 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 14683 | 91939 | SH |  | SOLE |  | 91939 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 5422 | 72824 | SH |  | SOLE |  | 72824 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1703 | 6319 | SH |  | SOLE |  | 6319 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 6522 | 25144 | SH |  | SOLE |  | 25144 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 4006 | 11787 | SH |  | SOLE |  | 11787 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 7076 | 137135 | SH |  | SOLE |  | 137135 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 3558 | 44032 | SH |  | SOLE |  | 44032 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 3456 | 56039 | SH |  | SOLE |  | 56039 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 31588 | 81212 | SH |  | SOLE |  | 81212 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 7114 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 14169 | 106273 | SH |  | SOLE |  | 106273 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 2524 | 31300 | SH |  | SOLE |  | 31300 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2435 | 43397 | SH |  | SOLE |  | 43397 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 12059 | 15159 | SH |  | SOLE |  | 15159 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 3899 | 57766 | SH |  | SOLE |  | 57766 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 5775 | 16654 | SH |  | SOLE |  | 16654 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 3293 | 11618 | SH |  | SOLE |  | 11618 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 32738 | 91705 | SH |  | SOLE |  | 91705 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 10071 | 128766 | SH |  | SOLE |  | 128766 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 19729 | 454368 | SH |  | SOLE |  | 454368 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 3012 | 17854 | SH |  | SOLE |  | 17854 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 6083 | 41256 | SH |  | SOLE |  | 41256 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1560 | 143760 | SH |  | SOLE |  | 143760 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 12187 | 290168 | SH |  | SOLE |  | 290168 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 7660 | 3915 | SH |  | SOLE |  | 3915 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 5430 | 12139 | SH |  | SOLE |  | 12139 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 12695 | 58300 | SH |  | SOLE |  | 58300 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 15387 | 52280 | SH |  | SOLE |  | 52280 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 16445 | 95383 | SH |  | SOLE |  | 95383 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 12339 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 7231 | 88817 | SH |  | SOLE |  | 88817 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 5147 | 125144 | SH |  | SOLE |  | 125144 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 11386 | 39844 | SH |  | SOLE |  | 39844 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL FNF GROUP | COM | 31620R303 |  | 4236 | 75569 | SH |  | SOLE |  | 75569 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 1507 | 29186 | SH |  | SOLE |  | 29186 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 2560 | 45688 | SH |  | SOLE |  | 45688 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 5363 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 31164 | 294780 | SH |  | SOLE |  | 294780 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 2936 | 56319 | SH |  | SOLE |  | 56319 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 2360 | 19098 | SH |  | SOLE |  | 19098 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 13323 | 127497 | SH |  | SOLE |  | 127497 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 17888 | 99344 | SH |  | SOLE |  | 99344 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 70413 | 273565 | SH |  | SOLE |  | 273565 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES | COMMON STOCK | 36266G107 |  | 7248 | 97855 | SH |  | SOLE |  | 97855 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 7235 | 246073 | SH |  | SOLE |  | 246073 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 22048 | 41666 | SH |  | SOLE |  | 41666 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 7972 | 92731 | SH |  | SOLE |  | 92731 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 33978 | 306463 | SH |  | SOLE |  | 306463 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 19889 | 383877 | SH |  | SOLE |  | 383877 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 2 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 4681 | 100279 | SH |  | SOLE |  | 100279 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 8061 | 153271 | SH |  | SOLE |  | 153271 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1781 | 36189 | SH |  | SOLE |  | 36189 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 166564 | 938973 | SH |  | SOLE |  | 938973 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 192270 | 1091020 | SH |  | SOLE |  | 1091020 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2091 | 17240 | SH |  | SOLE |  | 17240 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 3591 | 44860 | SH |  | SOLE |  | 44860 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 8683 | 41601 | SH |  | SOLE |  | 41601 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 34768 | 49125 | SH |  | SOLE |  | 49125 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 12360 | 11882 | SH |  | SOLE |  | 11882 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 659 | 4722 | SH |  | SOLE |  | 4722 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 4446 | 265263 | SH |  | SOLE |  | 265263 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 15389 | 40169 | SH |  | SOLE |  | 40169 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 57840 | 157758 | SH |  | SOLE |  | 157758 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 1250 | 3812 | SH |  | SOLE |  | 3812 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 1914 | 7399 | SH |  | SOLE |  | 7399 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 4778 | 37664 | SH |  | SOLE |  | 37664 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 8842 | 33200 | SH |  | SOLE |  | 33200 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 6510 | 99914 | SH |  | SOLE |  | 99914 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 15112 | 161400 | SH |  | SOLE |  | 161400 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 4903 | 239760 | SH |  | SOLE |  | 239760 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 3823 | 156299 | SH |  | SOLE |  | 156299 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 6883 | 227552 | SH |  | SOLE |  | 227552 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 11935 | 71919 | SH |  | SOLE |  | 71919 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 3758 | 9202 | SH |  | SOLE |  | 9202 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 6408 | 11513 | SH |  | SOLE |  | 11513 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 6280 | 25688 | SH |  | SOLE |  | 25688 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 15608 | 83853 | SH |  | SOLE |  | 83853 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 6078 | 109700 | SH |  | SOLE |  | 109700 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 64050 | 217281 | SH |  | SOLE |  | 217281 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 18935 | 103206 | SH |  | SOLE |  | 103206 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 13672 | 25492 | SH |  | SOLE |  | 25492 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 6218 | 35418 | SH |  | SOLE |  | 35418 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 655 | 8909 | SH |  | SOLE |  | 8909 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 3243 | 33986 | SH |  | SOLE |  | 33986 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 8265 | 121364 | SH |  | SOLE |  | 121364 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 15732 | 702311 | SH |  | SOLE |  | 702311 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 58080 | 73740 | SH |  | SOLE |  | 73740 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 3606 | 109933 | SH |  | SOLE |  | 109933 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 2860 | 71900 | SH |  | SOLE |  | 71900 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 777 | 16600 | SH |  | SOLE |  | 16600 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 4989 | 31656 | SH |  | SOLE |  | 31656 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 7766 | 93369 | SH |  | SOLE |  | 93369 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 5209 | 50784 | SH |  | SOLE |  | 50784 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 46070 | 84779 | SH |  | SOLE |  | 84779 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 14376 | 35566 | SH |  | SOLE |  | 35566 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 15095 | 61052 | SH |  | SOLE |  | 61052 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 5313 | 24360 | SH |  | SOLE |  | 24360 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 10545 | 99838 | SH |  | SOLE |  | 99838 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 7021 | 38966 | SH |  | SOLE |  | 38966 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 121936 | 798269 | SH |  | SOLE |  | 798269 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 10277 | 257371 | SH |  | SOLE |  | 257371 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 126840 | 437514 | SH |  | SOLE |  | 437514 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 18999 | 238885 | SH |  | SOLE |  | 238885 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 13275 | 401550 | SH |  | SOLE |  | 401550 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 2587 | 148513 | SH |  | SOLE |  | 148513 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 4622 | 28209 | SH |  | SOLE |  | 28209 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 10549 | 408540 | SH |  | SOLE |  | 408540 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 4416 | 210074 | SH |  | SOLE |  | 210074 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 12635 | 94975 | SH |  | SOLE |  | 94975 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 30994 | 34602 | SH |  | SOLE |  | 34602 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 10145 | 78696 | SH |  | SOLE |  | 78696 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 87766 | 1240506 | SH |  | SOLE |  | 1240506 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 24624 | 343283 | SH |  | SOLE |  | 343283 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 6194 | 295935 | SH |  | SOLE |  | 295935 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 11273 | 122985 | SH |  | SOLE |  | 122985 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 5862 | 53001 | SH |  | SOLE |  | 53001 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 3283 | 12507 | SH |  | SOLE |  | 12507 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 3797 | 6624 | SH |  | SOLE |  | 6624 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 26033 | 55487 | SH |  | SOLE |  | 55487 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 880 | 23786 | SH |  | SOLE |  | 23786 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 171352 | 219814 | SH |  | SOLE |  | 219814 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 44757 | 183790 | SH |  | SOLE |  | 183790 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 19725 | 88905 | SH |  | SOLE |  | 88905 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 6374 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 35535 | 365060 | SH |  | SOLE |  | 365060 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 7615 | 32054 | SH |  | SOLE |  | 32054 | 0 | 0 |
| PULMONX CORP | COM | 745848101 |  | 197 | 76253 | SH |  | SOLE |  | 76253 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 2759 | 63403 | SH |  | SOLE |  | 63403 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 3799 | 25112 | SH |  | SOLE |  | 25112 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 118760 | 211339 | SH |  | SOLE |  | 211339 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 2862 | 19334 | SH |  | SOLE |  | 19334 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 8688 | 31800 | SH |  | SOLE |  | 31800 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1472 | 22865 | SH |  | SOLE |  | 22865 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 59039 | 202070 | SH |  | SOLE |  | 202070 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 5704 | 81053 | SH |  | SOLE |  | 81053 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 43346 | 59153 | SH |  | SOLE |  | 59153 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 23346 | 46543 | SH |  | SOLE |  | 46543 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 3882 | 18487 | SH |  | SOLE |  | 18487 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 27767 | 411730 | SH |  | SOLE |  | 411730 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 16456 | 188779 | SH |  | SOLE |  | 188779 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 28645 | 10960 | SH |  | SOLE |  | 10960 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 8453 | 105115 | SH |  | SOLE |  | 105115 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 314868 | 426598 | SH |  | SOLE |  | 426598 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 3021 | 39844 | SH |  | SOLE |  | 39844 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 6441 | 3225 | SH |  | SOLE |  | 3225 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1290 | 2350 | SH |  | SOLE |  | 2350 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 47692 | 218131 | SH |  | SOLE |  | 218131 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 19158 | 125839 | SH |  | SOLE |  | 125839 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 2680 | 8521 | SH |  | SOLE |  | 8521 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 18423 | 294106 | SH |  | SOLE |  | 294106 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 7954 | 26700 | SH |  | SOLE |  | 26700 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 10238 | 13998 | SH |  | SOLE |  | 13998 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 73629 | 930129 | SH |  | SOLE |  | 930129 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 14594 | 188547 | SH |  | SOLE |  | 188547 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 26951 | 191333 | SH |  | SOLE |  | 191333 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 7157 | 12410 | SH |  | SOLE |  | 12410 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 627125 | 1260780 | SH |  | SOLE |  | 1260780 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 5046 | 26011 | SH |  | SOLE |  | 26011 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 4354 | 3706 | SH |  | SOLE |  | 3706 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 511 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 21635 | 175540 | SH |  | SOLE |  | 175540 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 7431 | 59123 | SH |  | SOLE |  | 59123 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 8255 | 92315 | SH |  | SOLE |  | 92315 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 1134 | 5288 | SH |  | SOLE |  | 5288 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 11963 | 172334 | SH |  | SOLE |  | 172334 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 13146 | 67128 | SH |  | SOLE |  | 67128 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 153713 | 114786 | SH |  | SOLE |  | 114786 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 9803 | 243000 | SH |  | SOLE |  | 243000 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 22214 | 312692 | SH |  | SOLE |  | 312692 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 3117 | 165596 | SH |  | SOLE |  | 165596 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 40358 | 39256 | SH |  | SOLE |  | 39256 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 14337 | 56012 | SH |  | SOLE |  | 56012 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 6222 | 58396 | SH |  | SOLE |  | 58396 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 4487 | 58700 | SH |  | SOLE |  | 58700 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 5558 | 32900 | SH |  | SOLE |  | 32900 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 3416 | 26945 | SH |  | SOLE |  | 26945 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 827 | 6386 | SH |  | SOLE |  | 6386 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 680779 | 4309000 | SH |  | SOLE |  | 4309000 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 5399 | 731 | SH |  | SOLE |  | 731 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 2300 | 77376 | SH |  | SOLE |  | 77376 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 8516 | 38975 | SH |  | SOLE |  | 38975 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 10730 | 186253 | SH |  | SOLE |  | 186253 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 1334 | 9704 | SH |  | SOLE |  | 9704 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 14548 | 89638 | SH |  | SOLE |  | 89638 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 3759 | 37600 | SH |  | SOLE |  | 37600 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 3550 | 49351 | SH |  | SOLE |  | 49351 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 3088 | 58914 | SH |  | SOLE |  | 58914 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 59415 | 271761 | SH |  | SOLE |  | 271761 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 26772 | 297035 | SH |  | SOLE |  | 297035 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 8201 | 82824 | SH |  | SOLE |  | 82824 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 24638 | 120396 | SH |  | SOLE |  | 120396 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 3554 | 15360 | SH |  | SOLE |  | 15360 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 14000 | 96245 | SH |  | SOLE |  | 96245 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 8838 | 92971 | SH |  | SOLE |  | 92971 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 63710 | 482508 | SH |  | SOLE |  | 482508 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 24271 | 1001271 | SH |  | SOLE |  | 1001271 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 5056 | 63651 | SH |  | SOLE |  | 63651 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 119049 | 747234 | SH |  | SOLE |  | 747234 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 61130 | 229070 | SH |  | SOLE |  | 229070 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 17259 | 24710 | SH |  | SOLE |  | 24710 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 4820 | 45707 | SH |  | SOLE |  | 45707 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 4941 | 137790 | SH |  | SOLE |  | 137790 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 17464 | 166136 | SH |  | SOLE |  | 166136 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 46257 | 339323 | SH |  | SOLE |  | 339323 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 11536 | 61883 | SH |  | SOLE |  | 61883 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 3997 | 38930 | SH |  | SOLE |  | 38930 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 3613 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 2973 | 10198 | SH |  | SOLE |  | 10198 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 3390 | 29800 | SH |  | SOLE |  | 29800 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 3189 | 29682 | SH |  | SOLE |  | 29682 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 12462 | 42472 | SH |  | SOLE |  | 42472 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 3720 | 64600 | SH |  | SOLE |  | 64600 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 9132 | 52988 | SH |  | SOLE |  | 52988 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 7921 | 20950 | SH |  | SOLE |  | 20950 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 17587 | 236640 | SH |  | SOLE |  | 236640 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 47353 | 297334 | SH |  | SOLE |  | 297334 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 910 | 18773 | SH |  | SOLE |  | 18773 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 12066 | 114700 | SH |  | SOLE |  | 114700 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 12526 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 3102 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 3772 | 52960 | SH |  | SOLE |  | 52960 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 20712 | 39452 | SH |  | SOLE |  | 39452 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 4119 | 175133 | SH |  | SOLE |  | 175133 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 2134 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 1173 | 85400 | SH |  | SOLE |  | 85400 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 4653 | 30339 | SH |  | SOLE |  | 30339 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 8435 | 32692 | SH |  | SOLE |  | 32692 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 8701 | 26195 | SH |  | SOLE |  | 26195 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 8581 | 152096 | SH |  | SOLE |  | 152096 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 39678 | 69998 | SH |  | SOLE |  | 69998 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 5717 | 44809 | SH |  | SOLE |  | 44809 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 4275 | 118650 | SH |  | SOLE |  | 118650 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 37059 | 150274 | SH |  | SOLE |  | 150274 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 1919 | 19840 | SH |  | SOLE |  | 19840 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 5781 | 24618 | SH |  | SOLE |  | 24618 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 16914 | 184595 | SH |  | SOLE |  | 184595 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 26137 | 286460 | SH |  | SOLE |  | 286460 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 13111 | 81973 | SH |  | SOLE |  | 81973 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 4 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 8750 | 25483 | SH |  | SOLE |  | 25483 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 4476 | 45577 | SH |  | SOLE |  | 45577 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 6244 | 127400 | SH |  | SOLE |  | 127400 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 5066 | 16281 | SH |  | SOLE |  | 16281 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 2331 | 268242 | SH |  | SOLE |  | 268242 | 0 | 0 |
| SANDISK CORP COM A | COM | 80004C200 |  | 1 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 15239 | 68100 | SH |  | SOLE |  | 68100 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 18702 | 36479 | SH |  | SOLE |  | 36479 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 1582 | 20857 | SH |  | SOLE |  | 20857 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 10018 | 62317 | SH |  | SOLE |  | 62317 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 27577 | 52300 | SH |  | SOLE |  | 52300 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 4906 | 59257 | SH |  | SOLE |  | 59257 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 3715 | 15466 | SH |  | SOLE |  | 15466 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 3320 | 25937 | SH |  | SOLE |  | 25937 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 3894 | 36616 | SH |  | SOLE |  | 36616 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 4777 | 33100 | SH |  | SOLE |  | 33100 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 3462 | 21279 | SH |  | SOLE |  | 21279 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 4061 | 32108 | SH |  | SOLE |  | 32108 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 734 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 5246 | 78601 | SH |  | SOLE |  | 78601 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 20329 | 51383 | SH |  | SOLE |  | 51383 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 4297 | 56735 | SH |  | SOLE |  | 56735 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 53723 | 1856370 | SH |  | SOLE |  | 1856370 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 2028 | 42166 | SH |  | SOLE |  | 42166 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 10473 | 6887 | SH |  | SOLE |  | 6887 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 16165 | 31553 | SH |  | SOLE |  | 31553 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 7738 | 38100 | SH |  | SOLE |  | 38100 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 11272 | 66827 | SH |  | SOLE |  | 66827 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 3925 | 43650 | SH |  | SOLE |  | 43650 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 5801 | 346104 | SH |  | SOLE |  | 346104 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 9488 | 220698 | SH |  | SOLE |  | 220698 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 11197 | 113507 | SH |  | SOLE |  | 113507 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 43403 | 351468 | SH |  | SOLE |  | 351468 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 23502 | 57965 | SH |  | SOLE |  | 57965 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 45258 | 189954 | SH |  | SOLE |  | 189954 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 4580 | 103400 | SH |  | SOLE |  | 103400 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 3630 | 47780 | SH |  | SOLE |  | 47780 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 4273 | 44277 | SH |  | SOLE |  | 44277 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 4274 | 48567 | SH |  | SOLE |  | 48567 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 23958 | 89551 | SH |  | SOLE |  | 89551 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 8377 | 158745 | SH |  | SOLE |  | 158745 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 40744 | 128262 | SH |  | SOLE |  | 128262 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 10777 | 192646 | SH |  | SOLE |  | 192646 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 27360 | 62549 | SH |  | SOLE |  | 62549 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 7211 | 100172 | SH |  | SOLE |  | 100172 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 7132 | 29369 | SH |  | SOLE |  | 29369 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 5460 | 37294 | SH |  | SOLE |  | 37294 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 4314 | 34692 | SH |  | SOLE |  | 34692 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 47738 | 229931 | SH |  | SOLE |  | 229931 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 14525 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 49321 | 528633 | SH |  | SOLE |  | 528633 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 2712 | 66431 | SH |  | SOLE |  | 66431 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 6363 | 13602 | SH |  | SOLE |  | 13602 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 85205 | 273118 | SH |  | SOLE |  | 273118 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 38843 | 168826 | SH |  | SOLE |  | 168826 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2841 | 28141 | SH |  | SOLE |  | 28141 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 7026 | 9326 | SH |  | SOLE |  | 9326 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 12078 | 266919 | SH |  | SOLE |  | 266919 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 10086 | 35100 | SH |  | SOLE |  | 35100 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 193425 | 544783 | SH |  | SOLE |  | 544783 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 13584 | 47169 | SH |  | SOLE |  | 47169 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 6285 | 192783 | SH |  | SOLE |  | 192783 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 8492 | 84124 | SH |  | SOLE |  | 84124 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1268 | 4863 | SH |  | SOLE |  | 4863 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 9737 | 31257 | SH |  | SOLE |  | 31257 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 18520 | 64129 | SH |  | SOLE |  | 64129 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 10080 | 78500 | SH |  | SOLE |  | 78500 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 40552 | 91088 | SH |  | SOLE |  | 91088 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 9981 | 51500 | SH |  | SOLE |  | 51500 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 4851 | 76824 | SH |  | SOLE |  | 76824 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 0 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 50841 | 1174982 | SH |  | SOLE |  | 1174982 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 7764 | 37085 | SH |  | SOLE |  | 37085 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 5868 | 16813 | SH |  | SOLE |  | 16813 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 4978 | 434400 | SH |  | SOLE |  | 434400 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 28344 | 151800 | SH |  | SOLE |  | 151800 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 9686 | 40357 | SH |  | SOLE |  | 40357 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 3338 | 52166 | SH |  | SOLE |  | 52166 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 22804 | 148339 | SH |  | SOLE |  | 148339 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 41906 | 523045 | SH |  | SOLE |  | 523045 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 2850 | 17986 | SH |  | SOLE |  | 17986 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 34551 | 150996 | SH |  | SOLE |  | 150996 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 111616 | 1141500 | SH |  | SOLE |  | 1141500 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 3527 | 56534 | SH |  | SOLE |  | 56534 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 13650 | 185793 | SH |  | SOLE |  | 185793 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 5914 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 4204 | 9519 | SH |  | SOLE |  | 9519 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 4157 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 11429 | 37288 | SH |  | SOLE |  | 37288 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1679 | 65344 | SH |  | SOLE |  | 65344 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 8698 | 67239 | SH |  | SOLE |  | 67239 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 8551 | 125873 | SH |  | SOLE |  | 125873 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 19275 | 130080 | SH |  | SOLE |  | 130080 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 3153 | 45014 | SH |  | SOLE |  | 45014 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 2494 | 27347 | SH |  | SOLE |  | 27347 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 2610 | 8465 | SH |  | SOLE |  | 8465 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 4897 | 62800 | SH |  | SOLE |  | 62800 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 7133 | 22720 | SH |  | SOLE |  | 22720 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 20041 | 128511 | SH |  | SOLE |  | 128511 | 0 | 0 |

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