# EDGAR Filing Document

**Accession Number:** 0001569550
**File Stem:** 0001569550-25-000003
**Filing Date:** 2025-8
**Character Count:** 17471
**Document Hash:** 0066fe02b29643400873d4d89d2155fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569550-25-000003.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001569550-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CTC Alternative Strategies, Ltd.
- **CENTRAL INDEX KEY:** 0001569550

**ORGANIZATION NAME:**
- **EIN:** 010763433
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15476
- **FILM NUMBER:** 251221206

**BUSINESS ADDRESS:**
- **STREET 1:** 425 S FINANCIAL PLACE
- **STREET 2:** 4TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60605
- **BUSINESS PHONE:** 312-881-3579

**MAIL ADDRESS:**
- **STREET 1:** 425 S FINANCIAL PLACE
- **STREET 2:** 4TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60605

### 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:** CTC Alternative Strategies Ltd.<br>**Address:** 425 S FINANCIAL PLACE<br>4TH FLOOR<br>Chicago, IL 60605

**Form 13F File Number:** 028-15476

**CRD Number (if applicable):** 000313634

**SEC File Number (if applicable):** 801-121321

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:** Joseph Harriman<br>**Title:** Chief Operating Officer<br>**Phone:** 312-863-4525

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

Joseph Harriman  Chicago, IL  8-1-2025<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:** 143

**Form 13F Information Table Value Total:** $114325974

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 437952 | 3220 | SH |  | SOLE | N/A | 3220 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1028182 | 3440 | SH |  | SOLE | N/A | 3440 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 147378 | 17400 | SH |  | SOLE | N/A | 17400 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 485298 | 4300 | SH |  | SOLE | N/A | 4300 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 873209 | 8280 | SH |  | SOLE | N/A | 8280 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 152554 | 16600 | SH |  | SOLE | N/A | 16600 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 363514 | 1920 | SH |  | SOLE | N/A | 1920 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 201310 | 1000 | SH |  | SOLE | N/A | 1000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4842747 | 27300 | SH |  | SOLE | N/A | 27300 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 252109 | 4300 | SH |  | SOLE | N/A | 4300 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 416841 | 1900 | SH |  | SOLE | N/A | 1900 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 250887 | 27300 | SH |  | SOLE | N/A | 27300 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 312600 | 980 | SH |  | SOLE | N/A | 980 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 369749 | 4320 | SH |  | SOLE | N/A | 4320 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 218978 | 920 | SH |  | SOLE | N/A | 920 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 319610 | 910 | SH |  | SOLE | N/A | 910 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1393163 | 9820 | SH |  | SOLE | N/A | 9820 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1021531 | 5580 | SH |  | SOLE | N/A | 5580 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 3360768 | 9600 | SH |  | SOLE | N/A | 9600 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 294264 | 13400 | SH |  | SOLE | N/A | 13400 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 259800 | 1500 | SH |  | SOLE | N/A | 1500 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 793535 | 27420 | SH |  | SOLE | N/A | 27420 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 609853 | 1970 | SH |  | SOLE | N/A | 1970 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 593957 | 160 | SH |  | SOLE | N/A | 160 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 406952 | 8600 | SH |  | SOLE | N/A | 8600 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 382395 | 2220 | SH |  | SOLE | N/A | 2220 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1224140 | 2520 | SH |  | SOLE | N/A | 2520 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 360029 | 5300 | SH |  | SOLE | N/A | 5300 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 176382 | 12300 | SH |  | SOLE | N/A | 12300 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 683068 | 3260 | SH |  | SOLE | N/A | 3260 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 263853 | 5700 | SH |  | SOLE | N/A | 5700 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 339139 | 1594 | SH |  | SOLE | N/A | 1594 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 212251 | 2900 | SH |  | SOLE | N/A | 2900 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 702660 | 1810 | SH |  | SOLE | N/A | 1810 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 583025 | 2500 | SH |  | SOLE | N/A | 2500 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 264313 | 1480 | SH |  | SOLE | N/A | 1480 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 365280 | 1500 | SH |  | SOLE | N/A | 1500 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 444891 | 3107 | SH |  | SOLE | N/A | 3107 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 964768 | 3330 | SH |  | SOLE | N/A | 3330 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 695188 | 10020 | SH |  | SOLE | N/A | 10020 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 845293 | 7040 | SH |  | SOLE | N/A | 7040 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 858005 | 3113 | SH |  | SOLE | N/A | 3113 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 379220 | 5360 | SH |  | SOLE | N/A | 5360 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 4285091 | 12226 | SH |  | SOLE | N/A | 12226 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 449694 | 12600 | SH |  | SOLE | N/A | 12600 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 430752 | 4800 | SH |  | SOLE | N/A | 4800 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 443472 | 1374 | SH |  | SOLE | N/A | 1374 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 238496 | 3200 | SH |  | SOLE | N/A | 3200 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 293022 | 296 | SH |  | SOLE | N/A | 296 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 757016 | 23200 | SH |  | SOLE | N/A | 23200 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 331104 | 4800 | SH |  | SOLE | N/A | 4800 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 379277 | 1920 | SH |  | SOLE | N/A | 1920 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 228361 | 1700 | SH |  | SOLE | N/A | 1700 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 437301 | 860 | SH |  | SOLE | N/A | 860 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 255196 | 8612 | SH |  | SOLE | N/A | 8612 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 515882 | 4160 | SH |  | SOLE | N/A | 4160 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 221859 | 900 | SH |  | SOLE | N/A | 900 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 328504 | 4400 | SH |  | SOLE | N/A | 4400 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 364130 | 1020 | SH |  | SOLE | N/A | 1020 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 731197 | 9820 | SH |  | SOLE | N/A | 9820 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 576602 | 2140 | SH |  | SOLE | N/A | 2140 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 670740 | 4200 | SH |  | SOLE | N/A | 4200 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 536765 | 1380 | SH |  | SOLE | N/A | 1380 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 204125 | 2531 | SH |  | SOLE | N/A | 2531 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 205940 | 794 | SH |  | SOLE | N/A | 794 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 269960 | 4000 | SH |  | SOLE | N/A | 4000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1259104 | 11680 | SH |  | SOLE | N/A | 11680 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 361200 | 8600 | SH |  | SOLE | N/A | 8600 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 479050 | 2200 | SH |  | SOLE | N/A | 2200 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 391294 | 200 | SH |  | SOLE | N/A | 200 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 241374 | 1400 | SH |  | SOLE | N/A | 1400 | 0 | 0 |
| FUBOTV INC | COM | 35953D104 |  | 53654 | 13900 | SH |  | SOLE | N/A | 13900 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1075603 | 3360 | SH |  | SOLE | N/A | 3360 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 565820 | 1940 | SH |  | SOLE | N/A | 1940 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 853699 | 7700 | SH |  | SOLE | N/A | 7700 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 726859 | 1027 | SH |  | SOLE | N/A | 1027 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 339810 | 887 | SH |  | SOLE | N/A | 887 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 830547 | 5995 | SH |  | SOLE | N/A | 5995 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 754531 | 3240 | SH |  | SOLE | N/A | 3240 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 491475 | 20093 | SH |  | SOLE | N/A | 20093 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 383214 | 1300 | SH |  | SOLE | N/A | 1300 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 579222 | 1050 | SH |  | SOLE | N/A | 1050 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 204709 | 1299 | SH |  | SOLE | N/A | 1299 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 491823 | 4795 | SH |  | SOLE | N/A | 4795 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 692230 | 2900 | SH |  | SOLE | N/A | 2900 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 1104071 | 11650 | SH |  | SOLE | N/A | 11650 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 571285 | 3740 | SH |  | SOLE | N/A | 3740 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2305944 | 7954 | SH |  | SOLE | N/A | 7954 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 463376 | 6460 | SH |  | SOLE | N/A | 6460 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 947744 | 2020 | SH |  | SOLE | N/A | 2020 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 741024 | 1600 | SH |  | SOLE | N/A | 1600 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 299976 | 800 | SH |  | SOLE | N/A | 800 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 239683 | 120 | SH |  | SOLE | N/A | 120 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 280970 | 500 | SH |  | SOLE | N/A | 500 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 543436 | 1860 | SH |  | SOLE | N/A | 1860 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3112571 | 39320 | SH |  | SOLE | N/A | 39320 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 4749298 | 11749 | SH |  | SOLE | N/A | 11749 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 298623 | 2120 | SH |  | SOLE | N/A | 2120 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 886579 | 12480 | SH |  | SOLE | N/A | 12480 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 588731 | 2300 | SH |  | SOLE | N/A | 2300 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1344286 | 97980 | SH |  | SOLE | N/A | 97980 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 954324 | 5880 | SH |  | SOLE | N/A | 5880 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 5744252 | 42138 | SH |  | SOLE | N/A | 42138 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 222960 | 3000 | SH |  | SOLE | N/A | 3000 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1391702 | 10540 | SH |  | SOLE | N/A | 10540 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 376530 | 10500 | SH |  | SOLE | N/A | 10500 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1803502 | 11320 | SH |  | SOLE | N/A | 11320 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1638520 | 6140 | SH |  | SOLE | N/A | 6140 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1939787 | 12180 | SH |  | SOLE | N/A | 12180 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 214718 | 1400 | SH |  | SOLE | N/A | 1400 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 371617 | 3969 | SH |  | SOLE | N/A | 3969 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 574746 | 1090 | SH |  | SOLE | N/A | 1090 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 2241512 | 8220 | SH |  | SOLE | N/A | 8220 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 574994 | 6302 | SH |  | SOLE | N/A | 6302 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 3134578 | 36960 | SH |  | SOLE | N/A | 36960 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 3266795 | 78870 | SH |  | SOLE | N/A | 78870 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 340885 | 7900 | SH |  | SOLE | N/A | 7900 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 373505 | 20511 | SH |  | SOLE | N/A | 20511 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1019453 | 1650 | SH |  | SOLE | N/A | 1650 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 921798 | 10060 | SH |  | SOLE | N/A | 10060 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 479932 | 4865 | SH |  | SOLE | N/A | 4865 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 215808 | 2400 | SH |  | SOLE | N/A | 2400 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 4332565 | 13639 | SH |  | SOLE | N/A | 13639 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 309557 | 4300 | SH |  | SOLE | N/A | 4300 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 467495 | 1153 | SH |  | SOLE | N/A | 1153 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 382147 | 1900 | SH |  | SOLE | N/A | 1900 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 366765 | 2970 | SH |  | SOLE | N/A | 2970 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 624241 | 2620 | SH |  | SOLE | N/A | 2620 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 449107 | 960 | SH |  | SOLE | N/A | 960 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1104384 | 4800 | SH |  | SOLE | N/A | 4800 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 482176 | 640 | SH |  | SOLE | N/A | 640 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1483710 | 28500 | SH |  | SOLE | N/A | 28500 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 575960 | 2000 | SH |  | SOLE | N/A | 2000 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 482825 | 1550 | SH |  | SOLE | N/A | 1550 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 488951 | 11300 | SH |  | SOLE | N/A | 11300 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 208656 | 800 | SH |  | SOLE | N/A | 800 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 340956 | 29700 | SH |  | SOLE | N/A | 29700 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 594932 | 2600 | SH |  | SOLE | N/A | 2600 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 743514 | 9280 | SH |  | SOLE | N/A | 9280 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 517554 | 8240 | SH |  | SOLE | N/A | 8240 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 231540 | 3400 | SH |  | SOLE | N/A | 3400 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 202064 | 1600 | SH |  | SOLE | N/A | 1600 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 577015 | 3700 | SH |  | SOLE | N/A | 3700 | 0 | 0 |

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