# EDGAR Filing Document

**Accession Number:** 0002049221
**File Stem:** 0000945621-25-000681
**Filing Date:** 2025-8
**Character Count:** 23066
**Document Hash:** 989828e9b9600737217752cffcdde498
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000945621-25-000681.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0000945621-25-000681

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABC ARBITRAGE SA
- **CENTRAL INDEX KEY:** 0002049221

**ORGANIZATION NAME:**
- **EIN:** 980206571
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24681
- **FILM NUMBER:** 251196532

**BUSINESS ADDRESS:**
- **STREET 1:** 18 RUE DU QUATRE SEPTEMBRE
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75002
- **BUSINESS PHONE:** 33153005476

**MAIL ADDRESS:**
- **STREET 1:** 18 RUE DU QUATRE SEPTEMBRE
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75002

### 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:** ABC ARBITRAGE SA<br>**Address:** 18 RUE DU QUATRE SEPTEMBRE<br>PARIS, I0 75002

**Form 13F File Number:** 028-24681

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:** Eric Brousier<br>**Title:** Head of legal<br>**Phone:** 33153005476

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

/s/ Eric Brousier  Paris, I0  08-07-2025<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:** 2

**Form 13F Information Table Entry Total:** 198

**Form 13F Information Table Value Total:** $875532485

      (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   |
|:---|:---|:---|
|  | ABC ARBITRAGE ASSET MANAGEMENT              | 028-24682              |
|  | ABC ARBITRAGE ASSET MANAGEMENT ASIA PTE LTD | 028-24683              |

### 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 |
| ABACUS GLOBAL MANAGEMENT INC | WRT | 00258Y112 |  | 161866 | 144523 | SH |  | OTR | 12 | 0 | 144523 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1441525 | 7766 | SH |  | OTR | 12 | 0 | 7766 | 0 |
| AIRBNB INC | COM | 009066101 |  | 1577228 | 11918 | SH |  | OTR | 12 | 0 | 11918 | 0 |
| ALLETE INC | COM | 018522300 |  | 4668525 | 72866 | SH |  | OTR | 12 | 0 | 72866 | 0 |
| ALLIANT ENERGY Corp | COM | 018802108 |  | 738339 | 12210 | SH |  | OTR | 12 | 0 | 12210 | 0 |
| ALPHABET INC (EX GOOGLE INC) | COM | 02079K107 |  | 842957 | 4752 | SH |  | OTR | 12 | 0 | 4752 | 0 |
| AMEDISYS INC | COM | 023436108 |  | 4378158 | 44498 | SH |  | OTR | 12 | 0 | 44498 | 0 |
| AMGEN Inc. | COM | 031162100 |  | 1607133 | 5756 | SH |  | OTR | 12 | 0 | 5756 | 0 |
| ANALOG DEVICES | COM | 032654105 |  | 1887499 | 7930 | SH |  | OTR | 12 | 0 | 7930 | 0 |
| ANHEUSER-BUSCH INBEV SA/NV | ADR | 03524A108 |  | 6982845 | 101613 | SH |  | OTR | 12 | 0 | 101613 | 0 |
| APPLE INC | COM | 037833100 |  | 1815960 | 8851 | SH |  | OTR | 12 | 0 | 8851 | 0 |
| ARCELORMITTAL | ADR | 03938L203 |  | 14658457 | 464169 | SH |  | OTR | 12 | 0 | 464169 | 0 |
| ARGENX SE | ADR | 04016X101 |  | 738635 | 1340 | SH |  | OTR | 12 | 0 | 1340 | 0 |
| ASTRAZENECA PLC | ADR | 046353108 |  | 15340826 | 219531 | SH |  | OTR | 12 | 0 | 219531 | 0 |
| ATLASSIAN CORP | COM | 049468101 |  | 1462654 | 7202 | SH |  | OTR | 12 | 0 | 7202 | 0 |
| ATMOS ENERGY Corp | COM | 049560105 |  | 2554527 | 16576 | SH |  | OTR | 12 | 0 | 16576 | 0 |
| AUTODESK INC | COM | 052769106 |  | 1893330 | 6116 | SH |  | OTR | 12 | 0 | 6116 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1020863 | 275 | SH |  | OTR | 12 | 0 | 275 | 0 |
| AVEPOINT INC | WRT | 053604112 |  | 162292 | 20887 | SH |  | OTR | 12 | 0 | 20887 | 0 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 1565677 | 33087 | SH |  | OTR | 12 | 0 | 33087 | 0 |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 3654331 | 40109 | SH |  | OTR | 12 | 0 | 40109 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 10607584 | 570607 | SH |  | OTR | 12 | 0 | 570607 | 0 |
| BEONE MEDICINES LTD | ADR | 07725L102 |  | 835626 | 3452 | SH |  | OTR | 12 | 0 | 3452 | 0 |
| BLUEPRINT MEDICINES CORP | COM | 09627Y109 |  | 6748677 | 52650 | SH |  | OTR | 12 | 0 | 52650 | 0 |
| BP PLC | ADR | 055622104 |  | 16861066 | 563350 | SH |  | OTR | 12 | 0 | 563350 | 0 |
| BRIDGE INVESTMENT GROUP HOLDINGS INC | COM | 10806B100 |  | 6598902 | 659231 | SH |  | OTR | 12 | 0 | 659231 | 0 |
| BRITISH AMERICAN TOBACCO PLC | ADR | 110448107 |  | 40810387 | 862252 | SH |  | OTR | 12 | 0 | 862252 | 0 |
| BROOKLINE BANCORP INC | COM | 11373M107 |  | 788496 | 74739 | SH |  | OTR | 12 | 0 | 74739 | 0 |
| BROWN-FORMAN Corp | COM | 115637209 |  | 732033 | 27203 | SH |  | OTR | 12 | 0 | 27203 | 0 |
| CADENCE DESIGN SYSTEMS INC | COM | 127387108 |  | 4537201 | 14724 | SH |  | OTR | 12 | 0 | 14724 | 0 |
| CARNIVAL CORP | COM | 143658300 |  | 1485186 | 52816 | SH |  | OTR | 12 | 0 | 52816 | 0 |
| CARNIVAL PLC | ADR | 14365C103 |  | 22793185 | 893500 | SH |  | OTR | 12 | 0 | 893500 | 0 |
| CEMEX SAB DE CV | ADR | 151290889 |  | 15492493 | 2235569 | SH |  | OTR | 12 | 0 | 2235569 | 0 |
| CENTRAL GARDEN  PET CO | COM | 153527106 |  | 636828 | 18102 | SH |  | OTR | 12 | 0 | 18102 | 0 |
| CINTAS CORP | COM | 172908105 |  | 1957913 | 8785 | SH |  | OTR | 12 | 0 | 8785 | 0 |
| CLEARWAY ENERGY INC (EX NRG YIELD) | COM | 18539C204 |  | 504288 | 15759 | SH |  | OTR | 12 | 0 | 15759 | 0 |
| CNA FINANCIAL CORP | COM | 126117100 |  | 815578 | 17528 | SH |  | OTR | 12 | 0 | 17528 | 0 |
| COCA-COLA FEMSA SAB DE CV | ADR | 191241108 |  | 276358 | 2857 | SH |  | OTR | 12 | 0 | 2857 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2917358 | 32509 | SH |  | OTR | 12 | 0 | 32509 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 4431958 | 44165 | SH |  | OTR | 12 | 0 | 44165 | 0 |
| COPART INC | COM | 217204106 |  | 2010643 | 40975 | SH |  | OTR | 12 | 0 | 40975 | 0 |
| CORP INMOBILIARIA VESTA SAB DE CV | ADR | 92540K109 |  | 5457814 | 199263 | SH |  | OTR | 12 | 0 | 199263 | 0 |
| COSTCO WHOLESALE | COM | 22160K105 |  | 638511 | 645 | SH |  | OTR | 12 | 0 | 645 | 0 |
| CSX CORP | COM | 126408103 |  | 1810117 | 55474 | SH |  | OTR | 12 | 0 | 55474 | 0 |
| DEERE  CO | COM | 244199105 |  | 1103423 | 2170 | SH |  | OTR | 12 | 0 | 2170 | 0 |
| DIAGEO PLC | ADR | 25243Q205 |  | 31187493 | 309277 | SH |  | OTR | 12 | 0 | 309277 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 317119 | 2308 | SH |  | OTR | 12 | 0 | 2308 | 0 |
| DOW INC | COM | 260557103 |  | 4453883 | 168198 | SH |  | OTR | 12 | 0 | 168198 | 0 |
| DRDGOLD LTD | ADR | 26152H301 |  | 1636924 | 122800 | SH |  | OTR | 12 | 0 | 122800 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 2427992 | 18330 | SH |  | OTR | 12 | 0 | 18330 | 0 |
| E2OPEN PARENT HOLDINGS INC | COM | 29788T103 |  | 2037610 | 630839 | SH |  | OTR | 12 | 0 | 630839 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1573343 | 4045 | SH |  | OTR | 12 | 0 | 4045 | 0 |
| ENI SPA | ADR | 26874R108 |  | 1041006 | 32110 | SH |  | OTR | 12 | 0 | 32110 | 0 |
| ENTERPRISE BANCORP INC/MA | COM | 293668109 |  | 3728974 | 94071 | SH |  | OTR | 12 | 0 | 94071 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 2130269 | 2678 | SH |  | OTR | 12 | 0 | 2678 | 0 |
| EQUINOR ASA | ADR | 29446M102 |  | 6455374 | 256777 | SH |  | OTR | 12 | 0 | 256777 | 0 |
| EQUITY RESIDENTIAL | COM | 29476L107 |  | 2071471 | 30693 | SH |  | OTR | 12 | 0 | 30693 | 0 |
| ERICSSON (LM) | ADR | 294821608 |  | 43429040 | 5121349 | SH |  | OTR | 12 | 0 | 5121349 | 0 |
| ESSA BANCORP INC | COM | 29667D104 |  | 1530369 | 78885 | SH |  | OTR | 12 | 0 | 78885 | 0 |
| EVOTEC SE | ADR | 30050E105 |  | 163632 | 38960 | SH |  | OTR | 12 | 0 | 38960 | 0 |
| EXPAND ENERGY CORP | COM | 165167735 |  | 1437193 | 12290 | SH |  | OTR | 12 | 0 | 12290 | 0 |
| FARO TECHNOLOGIES INC | COM | 311642102 |  | 5089186 | 115874 | SH |  | OTR | 12 | 0 | 115874 | 0 |
| FEDERAL REALTY INVESTMENT TRUST | COM | 313745101 |  | 315557 | 3322 | SH |  | OTR | 12 | 0 | 3322 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1888794 | 17866 | SH |  | OTR | 12 | 0 | 17866 | 0 |
| FRESENIUS MEDICAL CARE AG | ADR | 358029106 |  | 6553244 | 229375 | SH |  | OTR | 12 | 0 | 229375 | 0 |
| FRONTIER COMMUNICATIONS PARENT INC | COM | 35909D109 |  | 6362574 | 174796 | SH |  | OTR | 12 | 0 | 174796 | 0 |
| GENERAL MOTORS CO | COM | 37045V100 |  | 413905 | 8411 | SH |  | OTR | 12 | 0 | 8411 | 0 |
| GENMAB A/S | ADR | 372303206 |  | 9236156 | 447055 | SH |  | OTR | 12 | 0 | 447055 | 0 |
| GMS INC | COM | 36251C103 |  | 6963154 | 64029 | SH |  | OTR | 12 | 0 | 64029 | 0 |
| GOLDEN OCEAN GROUP LTD | COM | G39637205 |  | 114843 | 15689 | SH |  | OTR | 12 | 0 | 15689 | 0 |
| GRUPO TELEVISA SAB | ADR | 40049J206 |  | 2321107 | 1059866 | SH |  | OTR | 12 | 0 | 1059866 | 0 |
| GUARANTY BANCSHARES INC/TX | COM | 400764106 |  | 929733 | 21907 | SH |  | OTR | 12 | 0 | 21907 | 0 |
| HALEON PLC | ADR | 405552100 |  | 10903651 | 1051461 | SH |  | OTR | 12 | 0 | 1051461 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 867821 | 42582 | SH |  | OTR | 12 | 0 | 42582 | 0 |
| HARBORONE BANCORP INC | COM | 41165Y100 |  | 6512312 | 557561 | SH |  | OTR | 12 | 0 | 557561 | 0 |
| HEICO Corp | COM | 422806109 |  | 688472 | 2099 | SH |  | OTR | 12 | 0 | 2099 | 0 |
| HONDA MOTOR CO LTD | ADR | 438128308 |  | 2863223 | 99314 | SH |  | OTR | 12 | 0 | 99314 | 0 |
| HSBC HOLDINGS PLC | ADR | 404280406 |  | 10381655 | 170779 | SH |  | OTR | 12 | 0 | 170779 | 0 |
| ICAD INC | COM | 44934S206 |  | 985544 | 258673 | SH |  | OTR | 12 | 0 | 258673 | 0 |
| ILLINOIS TOOL WORKS INC | COM | 452308109 |  | 1099274 | 4446 | SH |  | OTR | 12 | 0 | 4446 | 0 |
| INFORMATICA INC | COM | 45674M101 |  | 5800754 | 238224 | SH |  | OTR | 12 | 0 | 238224 | 0 |
| ING GROEP NV | ADR | 456837103 |  | 5180413 | 236873 | SH |  | OTR | 12 | 0 | 236873 | 0 |
| INGERSOLL-RAND INC (EX GARDNER DENVER HOLDINGS) | COM | 45687V106 |  | 2801918 | 33685 | SH |  | OTR | 12 | 0 | 33685 | 0 |
| INTERCONTINENTAL HOTELS GROUP PLC | ADR | 45857P806 |  | 11986940 | 103927 | SH |  | OTR | 12 | 0 | 103927 | 0 |
| INTUIT INC | COM | 461202103 |  | 1885586 | 2394 | SH |  | OTR | 12 | 0 | 2394 | 0 |
| INVESCO LTD | COM | G491BT108 |  | 1123534 | 71245 | SH |  | OTR | 12 | 0 | 71245 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 890147 | 10663 | SH |  | OTR | 12 | 0 | 10663 | 0 |
| ISHARES EUROPE ETF | ETF | 464287861 |  | 881073 | 13930 | SH |  | OTR | 12 | 0 | 13930 | 0 |
| ISHARES MSCI EUROZONE ETF | ETF | 464286608 |  | 2176167 | 36605 | SH |  | OTR | 12 | 0 | 36605 | 0 |
| ISHARES MSCI FRANCE ETF | ETF | 464286707 |  | 3023306 | 70638 | SH |  | OTR | 12 | 0 | 70638 | 0 |
| ISHARES MSCI GERMANY ETF | ETF | 464286806 |  | 3010568 | 71155 | SH |  | OTR | 12 | 0 | 71155 | 0 |
| ISHARES MSCI HONG KONG ETF | ETF | 464286871 |  | 354044 | 17827 | SH |  | OTR | 12 | 0 | 17827 | 0 |
| ISHARES MSCI ITALY ETF | ETF | 46434G830 |  | 1783780 | 37054 | SH |  | OTR | 12 | 0 | 37054 | 0 |
| ISHARES MSCI JAPAN ETF | ETF | 46434G822 |  | 2703868 | 36066 | SH |  | OTR | 12 | 0 | 36066 | 0 |
| ISHARES MSCI PACIFIC EX JAPAN ETF | ETF | 464286665 |  | 767259 | 15541 | SH |  | OTR | 12 | 0 | 15541 | 0 |
| ISHARES MSCI SWEDEN ETF | ETF | 464286756 |  | 804201 | 17582 | SH |  | OTR | 12 | 0 | 17582 | 0 |
| ISHARES MSCI SWITZERLAND ETF | ETF | 464286749 |  | 634645 | 11579 | SH |  | OTR | 12 | 0 | 11579 | 0 |
| ISHARES MSCI UNITED KINGDOM ETF | ETF | 46435G334 |  | 1287683 | 32419 | SH |  | OTR | 12 | 0 | 32419 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2259325 | 14791 | SH |  | OTR | 12 | 0 | 14791 | 0 |
| JPMORGAN BETABUILDERS JAPAN ETF | ETF | 46641Q217 |  | 2099408 | 33982 | SH |  | OTR | 12 | 0 | 33982 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 792091 | 19837 | SH |  | OTR | 12 | 0 | 19837 | 0 |
| KELLANOVA | COM | 487836108 |  | 3232815 | 40649 | SH |  | OTR | 12 | 0 | 40649 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1349148 | 10465 | SH |  | OTR | 12 | 0 | 10465 | 0 |
| KINGSOFT CLOUD HOLDINGS LTD | ADR | 49639K101 |  | 1681824 | 134331 | SH |  | OTR | 12 | 0 | 134331 | 0 |
| KONINKLIJKE PHILIPS NV | ADR | 500472303 |  | 5766255 | 240461 | SH |  | OTR | 12 | 0 | 240461 | 0 |
| KRANESHARES CSI CHINA INTERNET ETF | ETF | 500767306 |  | 1152012 | 33557 | SH |  | OTR | 12 | 0 | 33557 | 0 |
| LENNAR Corp. | COM | 526057302 |  | 1076918 | 10232 | SH |  | OTR | 12 | 0 | 10232 | 0 |
| LENNAR Corp. | COM | 526057104 |  | 3118096 | 28190 | SH |  | OTR | 12 | 0 | 28190 | 0 |
| LLOYDS BANKING GROUP PLC | ADR | 539439109 |  | 1689146 | 397446 | SH |  | OTR | 12 | 0 | 397446 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1960472 | 4233 | SH |  | OTR | 12 | 0 | 4233 | 0 |
| LOWE'S COS INC | COM | 548661107 |  | 2082250 | 9385 | SH |  | OTR | 12 | 0 | 9385 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 2036536 | 8572 | SH |  | OTR | 12 | 0 | 8572 | 0 |
| M BANK Corp | COM | 55261F104 |  | 1597702 | 8236 | SH |  | OTR | 12 | 0 | 8236 | 0 |
| MAG SILVER CORP | COM | 55903Q104 |  | 6645089 | 314486 | SH |  | OTR | 12 | 0 | 314486 | 0 |
| MARRIOTT INTERNATIONAL INC/MD | COM | 571903202 |  | 949132 | 3474 | SH |  | OTR | 12 | 0 | 3474 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 2397798 | 4267 | SH |  | OTR | 12 | 0 | 4267 | 0 |
| MCDONALD'S CORP | COM | 580135101 |  | 2045774 | 7002 | SH |  | OTR | 12 | 0 | 7002 | 0 |
| METLIFE INC | COM | 59156R108 |  | 620199 | 7712 | SH |  | OTR | 12 | 0 | 7712 | 0 |
| MITSUBISHI UFJ FINANCIAL | ADR | 606822104 |  | 280354 | 20434 | SH |  | OTR | 12 | 0 | 20434 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 711277 | 11355 | SH |  | OTR | 12 | 0 | 11355 | 0 |
| MONTAUK RENEWABLES INC | COM | 61218C103 |  | 84731 | 38167 | SH |  | OTR | 12 | 0 | 38167 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 4514000 | 32046 | SH |  | OTR | 12 | 0 | 32046 | 0 |
| MRC GLOBAL INC | COM | 55345K103 |  | 919118 | 67040 | SH |  | OTR | 12 | 0 | 67040 | 0 |
| NATIONAL GRID PLC | ADR | 636274409 |  | 11499768 | 154546 | SH |  | OTR | 12 | 0 | 154546 | 0 |
| NATWEST GROUP PLC | ADR | 639057207 |  | 12082034 | 853854 | SH |  | OTR | 12 | 0 | 853854 | 0 |
| NETEASE INC | ADR | 64110W102 |  | 994681 | 7391 | SH |  | OTR | 12 | 0 | 7391 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 300911 | 43359 | SH |  | OTR | 12 | 0 | 43359 | 0 |
| NEXTERA ENERGY (EX. FPL GROUP) | COM | 65339F101 |  | 2430533 | 35012 | SH |  | OTR | 12 | 0 | 35012 | 0 |
| NOMURA HOLDINGS Inc | ADR | 65535H208 |  | 772571 | 117412 | SH |  | OTR | 12 | 0 | 117412 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 1097456 | 2195 | SH |  | OTR | 12 | 0 | 2195 | 0 |
| NOVARTIS AG | ADR | 66987V109 |  | 25255755 | 208708 | SH |  | OTR | 12 | 0 | 208708 | 0 |
| NOVO NORDISK A/S | ADR | 670100205 |  | 2331427 | 33779 | SH |  | OTR | 12 | 0 | 33779 | 0 |
| NVR INC | COM | 62944T105 |  | 221570 | 30 | SH |  | OTR | 12 | 0 | 30 | 0 |
| ONEOK INC | COM | 682680103 |  | 3650004 | 44714 | SH |  | OTR | 12 | 0 | 44714 | 0 |
| O'REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1700753 | 18870 | SH |  | OTR | 12 | 0 | 18870 | 0 |
| PACIFIC PREMIER BANCORP INC | COM | 69478X105 |  | 6241817 | 295961 | SH |  | OTR | 12 | 0 | 295961 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2542932 | 17482 | SH |  | OTR | 12 | 0 | 17482 | 0 |
| PENNS WOODS BANCORP INC | COM | 708430103 |  | 1497112 | 49312 | SH |  | OTR | 12 | 0 | 49312 | 0 |
| PEPSICO Inc. | COM | 713448108 |  | 1121284 | 8492 | SH |  | OTR | 12 | 0 | 8492 | 0 |
| PETROLEO BRASILEIRO SA | ADR | 71654V101 |  | 553043 | 47924 | SH |  | OTR | 12 | 0 | 47924 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 6237316 | 273207 | SH |  | OTR | 12 | 0 | 273207 | 0 |
| PROLOGIS | COM | 74340W103 |  | 839068 | 7982 | SH |  | OTR | 12 | 0 | 7982 | 0 |
| PROVIDENT BANCORP Inc | COM | 74383L105 |  | 1776528 | 142236 | SH |  | OTR | 12 | 0 | 142236 | 0 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 19488078 | 778900 | SH |  | OTR | 12 | 0 | 778900 | 0 |
| PUBLIC STORAGE INC | COM | 74460D109 |  | 520821 | 1775 | SH |  | OTR | 12 | 0 | 1775 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1885479 | 11839 | SH |  | OTR | 12 | 0 | 11839 | 0 |
| RADIUS RECYCLING INC | COM | 806882106 |  | 4688378 | 157911 | SH |  | OTR | 12 | 0 | 157911 | 0 |
| RAYMOND JAMES FINANCIAL INC | COM | 754730109 |  | 275759 | 1798 | SH |  | OTR | 12 | 0 | 1798 | 0 |
| REDFIN Corp | COM | 75737F108 |  | 1153174 | 103054 | SH |  | OTR | 12 | 0 | 103054 | 0 |
| RELX PLC (EX REED ELSEVIER PLC) | ADR | 759530108 |  | 30482458 | 560958 | SH |  | OTR | 12 | 0 | 560958 | 0 |
| RENTOKIL INITIAL PLC | ADR | 760125104 |  | 11022480 | 459270 | SH |  | OTR | 12 | 0 | 459270 | 0 |
| RIO TINTO PLC | ADR | 767204100 |  | 23222048 | 398115 | SH |  | OTR | 12 | 0 | 398115 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1906283 | 3363 | SH |  | OTR | 12 | 0 | 3363 | 0 |
| RTX CORP | COM | 75513E101 |  | 1096610 | 7510 | SH |  | OTR | 12 | 0 | 7510 | 0 |
| RYANAIR HOLDINGS PLC | ADR | 783513203 |  | 5780668 | 100237 | SH |  | OTR | 12 | 0 | 100237 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1894026 | 3592 | SH |  | OTR | 12 | 0 | 3592 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1480434 | 5429 | SH |  | OTR | 12 | 0 | 5429 | 0 |
| SAP SE | ADR | 803054204 |  | 12604337 | 41448 | SH |  | OTR | 12 | 0 | 41448 | 0 |
| SASOL | ADR | 803866300 |  | 832887 | 188436 | SH |  | OTR | 12 | 0 | 188436 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1475295 | 1435 | SH |  | OTR | 12 | 0 | 1435 | 0 |
| SHELL PLC | ADR | 780259305 |  | 7402133 | 105129 | SH |  | OTR | 12 | 0 | 105129 | 0 |
| SIBANYE STILLWATER LTD | ADR | 82575P107 |  | 8085079 | 1119817 | SH |  | OTR | 12 | 0 | 1119817 | 0 |
| SITIO ROYALTIES Corp | COM | 82983N108 |  | 6050622 | 329196 | SH |  | OTR | 12 | 0 | 329196 | 0 |
| SMITH  NEPHEW PLC | ADR | 83175M205 |  | 27525190 | 898635 | SH |  | OTR | 12 | 0 | 898635 | 0 |
| SOUTHERN STATES BANCSHARES INC | COM | 843878307 |  | 2771976 | 76216 | SH |  | OTR | 12 | 0 | 76216 | 0 |
| SPARTANNASH CO | COM | 847215100 |  | 6684937 | 252357 | SH |  | OTR | 12 | 0 | 252357 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 2315664 | 57191 | SH |  | OTR | 12 | 0 | 57191 | 0 |
| SPRINGWORKS THERAPEUTICS INC | COM | 85205L107 |  | 5057534 | 107630 | SH |  | OTR | 12 | 0 | 107630 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1242869 | 13564 | SH |  | OTR | 12 | 0 | 13564 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 4401240 | 34382 | SH |  | OTR | 12 | 0 | 34382 | 0 |
| STMICROELECTRONICS NV | ADR | 861012102 |  | 3940710 | 129586 | SH |  | OTR | 12 | 0 | 129586 | 0 |
| SUNRISE COMMUNICATIONS AG | ADR | 867975104 |  | 2187806 | 38688 | SH |  | OTR | 12 | 0 | 38688 | 0 |
| TEEKAY TANKERS LTD | COM | G8726X106 |  | 218196 | 5230 | SH |  | OTR | 12 | 0 | 5230 | 0 |
| TENARIS SA | ADR | 88031M109 |  | 17475823 | 467268 | SH |  | OTR | 12 | 0 | 467268 | 0 |
| TJX | COM | 872540109 |  | 2034992 | 16479 | SH |  | OTR | 12 | 0 | 16479 | 0 |
| UDR INC | COM | 902653104 |  | 3670535 | 89898 | SH |  | OTR | 12 | 0 | 89898 | 0 |
| UNDER ARMOUR INC | COM | 904311107 |  | 655796 | 96017 | SH |  | OTR | 12 | 0 | 96017 | 0 |
| UNILEVER PLC | ADR | 904767704 |  | 6127644 | 100174 | SH |  | OTR | 12 | 0 | 100174 | 0 |
| UNITED PARCEL SERVICE INC. | COM | 911312106 |  | 1950262 | 19321 | SH |  | OTR | 12 | 0 | 19321 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1567961 | 5026 | SH |  | OTR | 12 | 0 | 5026 | 0 |
| US BANCORP | COM | 902973304 |  | 4282324 | 94637 | SH |  | OTR | 12 | 0 | 94637 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 980997 | 7298 | SH |  | OTR | 12 | 0 | 7298 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 2222478 | 38984 | SH |  | OTR | 12 | 0 | 38984 | 0 |
| VERIZON COMMUNICATIONS INC. | COM | 92343V104 |  | 1944727 | 44944 | SH |  | OTR | 12 | 0 | 44944 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1433989 | 3221 | SH |  | OTR | 12 | 0 | 3221 | 0 |
| VIGIL NEUROSCIENCE INC | COM | 92673K108 |  | 1456273 | 183179 | SH |  | OTR | 12 | 0 | 183179 | 0 |
| VIRGIN GALACTIC HOLDINGS INC | COM | 92766K403 |  | 201946 | 73973 | SH |  | OTR | 12 | 0 | 73973 | 0 |
| VISA INC | COM | 92826C839 |  | 1506832 | 4244 | SH |  | OTR | 12 | 0 | 4244 | 0 |
| VODAFONE GROUP PLC | ADR | 92857W308 |  | 31691157 | 2972904 | SH |  | OTR | 12 | 0 | 2972904 | 0 |
| VULCAN MATERIALS CO | COM | 929160109 |  | 701345 | 2689 | SH |  | OTR | 12 | 0 | 2689 | 0 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 3593160 | 15703 | SH |  | OTR | 12 | 0 | 15703 | 0 |
| WOODSIDE ENERGY GROUP LTD | ADR | 980228308 |  | 4566092 | 295923 | SH |  | OTR | 12 | 0 | 295923 | 0 |
| WORKDAY INC | COM | 98138H101 |  | 1923120 | 8013 | SH |  | OTR | 12 | 0 | 8013 | 0 |
| WPP PLC | ADR | 92937A102 |  | 1486700 | 42465 | SH |  | OTR | 12 | 0 | 42465 | 0 |
| XPENG INC | ADR | 98422D105 |  | 212915 | 11908 | SH |  | OTR | 12 | 0 | 11908 | 0 |
| ZILLOW GROUP (EX. ZILLOW INC) | COM | 98954M101 |  | 2138737 | 31227 | SH |  | OTR | 12 | 0 | 31227 | 0 |
| ZOETIS INC | COM | 98978V103 |  | 2243653 | 14387 | SH |  | OTR | 12 | 0 | 14387 | 0 |
| ZTO EXPRESS CAYMAN INC | ADR | 98980A105 |  | 348788 | 19650 | SH |  | OTR | 12 | 0 | 19650 | 0 |

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