# EDGAR Filing Document

**Accession Number:** 0001572838
**File Stem:** 0001572838-26-000004
**Filing Date:** 2026-2
**Character Count:** 50686
**Document Hash:** bae01737e31c3d468c568c7422bdba84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572838-26-000004.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001572838-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empirical Finance, LLC
- **CENTRAL INDEX KEY:** 0001572838

**ORGANIZATION NAME:**
- **EIN:** 273001230
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17745
- **FILM NUMBER:** 26627102

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 2158829983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Empirical Finance LLC<br>**Address:** 3803 WEST CHESTER PIKE<br>SUITE 150<br>NEWTOWN SQUARE, PA 19073

**Form 13F File Number:** 028-17745

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:** Brian Massaro<br>**Title:** Chief Data Officer<br>**Phone:** 12158829983

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

Brian Massaro  Whitefish Bay, WI  02-12-2026<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:** 497

**Form 13F Information Table Value Total:** $2096404397

      (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 |
| NVR INC | COM | 62944T105 |  | 773034 | 106 | SH |  | SOLE |  | 106 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 1079103 | 774 | SH |  | SOLE |  | 774 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 2838686 | 837 | SH |  | SOLE |  | 837 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 278582 | 960 | SH |  | SOLE |  | 960 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 261461 | 1143 | SH |  | SOLE |  | 1143 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 653687 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 330003 | 1161 | SH |  | SOLE |  | 1161 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 565793 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 6672741 | 1246 | SH |  | SOLE |  | 1246 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1137482 | 1255 | SH |  | SOLE |  | 1255 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 313521 | 1304 | SH |  | SOLE |  | 1304 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 237981 | 1313 | SH |  | SOLE |  | 1313 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 234973 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 617372 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 281067 | 1409 | SH |  | SOLE |  | 1409 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 487660 | 1434 | SH |  | SOLE |  | 1434 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 294413 | 1437 | SH |  | SOLE |  | 1437 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 528293 | 1494 | SH |  | SOLE |  | 1494 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1170155 | 1516 | SH |  | SOLE |  | 1516 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 784992 | 1537 | SH |  | SOLE |  | 1537 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 1551919 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 260554 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1061985 | 1693 | SH |  | SOLE |  | 1693 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 415951 | 1713 | SH |  | SOLE |  | 1713 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1058162 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 504124 | 1755 | SH |  | SOLE |  | 1755 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 244239 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 294589 | 1826 | SH |  | SOLE |  | 1826 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 2429636 | 1827 | SH |  | SOLE |  | 1827 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 458338 | 1903 | SH |  | SOLE |  | 1903 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 212042 | 1940 | SH |  | SOLE |  | 1940 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072802 |  | 203144 | 1992 | SH |  | SOLE |  | 1992 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 773714 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 233014 | 2051 | SH |  | SOLE |  | 2051 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 528643 | 2071 | SH |  | SOLE |  | 2071 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1329379 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1371021 | 2241 | SH |  | SOLE |  | 2241 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 1897046 | 2344 | SH |  | SOLE |  | 2344 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 665564 | 2419 | SH |  | SOLE |  | 2419 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 746005 | 2479 | SH |  | SOLE |  | 2479 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 456200 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 390843 | 2503 | SH |  | SOLE |  | 2503 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 448943 | 2523 | SH |  | SOLE |  | 2523 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 438367 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 516504 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 1539318 | 2683 | SH |  | SOLE |  | 2683 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 682165 | 2704 | SH |  | SOLE |  | 2704 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 518540 | 2851 | SH |  | SOLE |  | 2851 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1934199 | 2859 | SH |  | SOLE |  | 2859 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 561643 | 2890 | SH |  | SOLE |  | 2890 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 735896 | 3029 | SH |  | SOLE |  | 3029 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 419536 | 3041 | SH |  | SOLE |  | 3041 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 765184 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 642406 | 3115 | SH |  | SOLE |  | 3115 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 440419 | 3149 | SH |  | SOLE |  | 3149 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 379280 | 3152 | SH |  | SOLE |  | 3152 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 1564073 | 3210 | SH |  | SOLE |  | 3210 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 278376 | 3294 | SH |  | SOLE |  | 3294 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 462398 | 3407 | SH |  | SOLE |  | 3407 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 833441 | 3511 | SH |  | SOLE |  | 3511 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1736784 | 3542 | SH |  | SOLE |  | 3542 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1603803 | 3603 | SH |  | SOLE |  | 3603 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 757971 | 3631 | SH |  | SOLE |  | 3631 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 201358 | 3632 | SH |  | SOLE |  | 3632 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 913138 | 3638 | SH |  | SOLE |  | 3638 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 362777 | 3709 | SH |  | SOLE |  | 3709 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 680606 | 3811 | SH |  | SOLE |  | 3811 | 0 | 0 |
| PRICESMART INC | COM | 741511109 |  | 468477 | 3819 | SH |  | SOLE |  | 3819 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 688781 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 339809 | 3909 | SH |  | SOLE |  | 3909 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1530212 | 3933 | SH |  | SOLE |  | 3933 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 878843 | 3938 | SH |  | SOLE |  | 3938 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 688046 | 3965 | SH |  | SOLE |  | 3965 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 355066 | 4003 | SH |  | SOLE |  | 4003 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 283694 | 4102 | SH |  | SOLE |  | 4102 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 585562 | 4140 | SH |  | SOLE |  | 4140 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 907193 | 4181 | SH |  | SOLE |  | 4181 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 775823 | 4205 | SH |  | SOLE |  | 4205 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 776196 | 4218 | SH |  | SOLE |  | 4218 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 680176 | 4231 | SH |  | SOLE |  | 4231 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 270639 | 4240 | SH |  | SOLE |  | 4240 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 413703 | 4276 | SH |  | SOLE |  | 4276 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 431250 | 4277 | SH |  | SOLE |  | 4277 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 252765 | 4298 | SH |  | SOLE |  | 4298 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3815565 | 4341 | SH |  | SOLE |  | 4341 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 579380 | 4374 | SH |  | SOLE |  | 4374 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 601323 | 4415 | SH |  | SOLE |  | 4415 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 299020 | 4471 | SH |  | SOLE |  | 4471 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1300318 | 4559 | SH |  | SOLE |  | 4559 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 603336 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 377364 | 4602 | SH |  | SOLE |  | 4602 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 437054 | 4651 | SH |  | SOLE |  | 4651 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 3825012 | 4663 | SH |  | SOLE |  | 4663 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5673209 | 4669 | SH |  | SOLE |  | 4669 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 667328 | 4683 | SH |  | SOLE |  | 4683 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 1332690 | 4704 | SH |  | SOLE |  | 4704 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 799427 | 4769 | SH |  | SOLE |  | 4769 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2434336 | 4769 | SH |  | SOLE |  | 4769 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 361272 | 4780 | SH |  | SOLE |  | 4780 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 942619 | 4828 | SH |  | SOLE |  | 4828 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 5207204 | 4865 | SH |  | SOLE |  | 4865 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2778063 | 4872 | SH |  | SOLE |  | 4872 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 2058387 | 4877 | SH |  | SOLE |  | 4877 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1251219 | 4887 | SH |  | SOLE |  | 4887 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 388434 | 4902 | SH |  | SOLE |  | 4902 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 605332 | 4923 | SH |  | SOLE |  | 4923 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 1196642 | 4968 | SH |  | SOLE |  | 4968 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 208277 | 4972 | SH |  | SOLE |  | 4972 | 0 | 0 |
| FOX CORP | CL B COM | 35137L105 |  | 323806 | 4987 | SH |  | SOLE |  | 4987 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L102 |  | 526650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 398350 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 967994 | 5001 | SH |  | SOLE |  | 5001 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1127845 | 5042 | SH |  | SOLE |  | 5042 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 893325 | 5076 | SH |  | SOLE |  | 5076 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 1108850 | 5086 | SH |  | SOLE |  | 5086 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 498605 | 5093 | SH |  | SOLE |  | 5093 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 928462 | 5102 | SH |  | SOLE |  | 5102 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1806049 | 5241 | SH |  | SOLE |  | 5241 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 784538 | 5265 | SH |  | SOLE |  | 5265 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1068045 | 5301 | SH |  | SOLE |  | 5301 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2730493 | 5345 | SH |  | SOLE |  | 5345 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 466962 | 5352 | SH |  | SOLE |  | 5352 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 397844 | 5356 | SH |  | SOLE |  | 5356 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 876865 | 5369 | SH |  | SOLE |  | 5369 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 1225379 | 5374 | SH |  | SOLE |  | 5374 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 211515 | 5474 | SH |  | SOLE |  | 5474 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1851208 | 5481 | SH |  | SOLE |  | 5481 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 845612 | 5486 | SH |  | SOLE |  | 5486 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 270542 | 5569 | SH |  | SOLE |  | 5569 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 356745 | 5626 | SH |  | SOLE |  | 5626 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 2160392 | 5636 | SH |  | SOLE |  | 5636 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1196586 | 5889 | SH |  | SOLE |  | 5889 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 927002 | 5912 | SH |  | SOLE |  | 5912 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 891006 | 5927 | SH |  | SOLE |  | 5927 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 462440 | 5931 | SH |  | SOLE |  | 5931 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1528840 | 5969 | SH |  | SOLE |  | 5969 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1281981 | 6006 | SH |  | SOLE |  | 6006 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1396866 | 6197 | SH |  | SOLE |  | 6197 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 1000315 | 6229 | SH |  | SOLE |  | 6229 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 620671 | 6284 | SH |  | SOLE |  | 6284 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 1303378 | 6419 | SH |  | SOLE |  | 6419 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 854514 | 6548 | SH |  | SOLE |  | 6548 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1926993 | 6564 | SH |  | SOLE |  | 6564 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 306501 | 6566 | SH |  | SOLE |  | 6566 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 701049 | 6657 | SH |  | SOLE |  | 6657 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 556918 | 6795 | SH |  | SOLE |  | 6795 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 541320 | 6909 | SH |  | SOLE |  | 6909 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 462955 | 6917 | SH |  | SOLE |  | 6917 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 897314 | 6957 | SH |  | SOLE |  | 6957 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 3929303 | 6996 | SH |  | SOLE |  | 6996 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1483086 | 6998 | SH |  | SOLE |  | 6998 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 3270354 | 7005 | SH |  | SOLE |  | 7005 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 614287 | 7047 | SH |  | SOLE |  | 7047 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 969106 | 7095 | SH |  | SOLE |  | 7095 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 642388 | 7144 | SH |  | SOLE |  | 7144 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 793100 | 7193 | SH |  | SOLE |  | 7193 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 201695 | 7237 | SH |  | SOLE |  | 7237 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 2150217 | 7264 | SH |  | SOLE |  | 7264 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 782614 | 7308 | SH |  | SOLE |  | 7308 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 998336 | 7331 | SH |  | SOLE |  | 7331 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 283915 | 7342 | SH |  | SOLE |  | 7342 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 904247 | 7351 | SH |  | SOLE |  | 7351 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2950528 | 7445 | SH |  | SOLE |  | 7445 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1860308 | 7531 | SH |  | SOLE |  | 7531 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 756233 | 7579 | SH |  | SOLE |  | 7579 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 790374 | 7720 | SH |  | SOLE |  | 7720 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 906654 | 7732 | SH |  | SOLE |  | 7732 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 521666 | 7741 | SH |  | SOLE |  | 7741 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2614502 | 7766 | SH |  | SOLE |  | 7766 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1037465 | 7814 | SH |  | SOLE |  | 7814 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 567162 | 7824 | SH |  | SOLE |  | 7824 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 1608809 | 7836 | SH |  | SOLE |  | 7836 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 692184 | 7847 | SH |  | SOLE |  | 7847 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1252263 | 7864 | SH |  | SOLE |  | 7864 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2271360 | 7867 | SH |  | SOLE |  | 7867 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 2272750 | 7868 | SH |  | SOLE |  | 7868 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2294665 | 7911 | SH |  | SOLE |  | 7911 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 646913 | 7923 | SH |  | SOLE |  | 7923 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2593212 | 8003 | SH |  | SOLE |  | 8003 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 839017 | 8012 | SH |  | SOLE |  | 8012 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 827057 | 8072 | SH |  | SOLE |  | 8072 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 553049 | 8225 | SH |  | SOLE |  | 8225 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 373773 | 8295 | SH |  | SOLE |  | 8295 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1246759 | 8299 | SH |  | SOLE |  | 8299 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 502247 | 8368 | SH |  | SOLE |  | 8368 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 702160 | 8374 | SH |  | SOLE |  | 8374 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 623854 | 8375 | SH |  | SOLE |  | 8375 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 5484106 | 8391 | SH |  | SOLE |  | 8391 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2234045 | 8510 | SH |  | SOLE |  | 8510 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 2662480 | 8582 | SH |  | SOLE |  | 8582 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 585814 | 8601 | SH |  | SOLE |  | 8601 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1762142 | 8624 | SH |  | SOLE |  | 8624 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1411228 | 8652 | SH |  | SOLE |  | 8652 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 890351 | 8661 | SH |  | SOLE |  | 8661 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 3949219 | 8711 | SH |  | SOLE |  | 8711 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 567082 | 8723 | SH |  | SOLE |  | 8723 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1798125 | 8750 | SH |  | SOLE |  | 8750 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 470668 | 8781 | SH |  | SOLE |  | 8781 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 4257747 | 8803 | SH |  | SOLE |  | 8803 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 884760 | 8860 | SH |  | SOLE |  | 8860 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1437395 | 8875 | SH |  | SOLE |  | 8875 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 265528 | 9004 | SH |  | SOLE |  | 9004 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 4207356 | 9037 | SH |  | SOLE |  | 9037 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 702715 | 9079 | SH |  | SOLE |  | 9079 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 2849792 | 9117 | SH |  | SOLE |  | 9117 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 493794 | 9119 | SH |  | SOLE |  | 9119 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1900201 | 9129 | SH |  | SOLE |  | 9129 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 3239433 | 9241 | SH |  | SOLE |  | 9241 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2416900 | 9252 | SH |  | SOLE |  | 9252 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2301674 | 9345 | SH |  | SOLE |  | 9345 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 6218137 | 9387 | SH |  | SOLE |  | 9387 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 283487 | 9387 | SH |  | SOLE |  | 9387 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 1138430 | 9607 | SH |  | SOLE |  | 9607 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1895288 | 9766 | SH |  | SOLE |  | 9766 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 1005914 | 9769 | SH |  | SOLE |  | 9769 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1821001 | 9886 | SH |  | SOLE |  | 9886 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 586141 | 9999 | SH |  | SOLE |  | 9999 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 77956 | 10033 | SH |  | SOLE |  | 10033 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 52135 | 19975 | SH |  | SOLE |  | 19975 | 0 | 0 |
| ADAPTIMMUNE THERAPEUTICS PLC | SPONDS ADS | 00653A107 |  | 20800 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1368864 | 10060 | SH |  | SOLE |  | 10060 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 703636 | 10062 | SH |  | SOLE |  | 10062 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 707300 | 10087 | SH |  | SOLE |  | 10087 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 810182 | 10182 | SH |  | SOLE |  | 10182 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 5328850 | 10197 | SH |  | SOLE |  | 10197 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 243446 | 10272 | SH |  | SOLE |  | 10272 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 248743 | 10412 | SH |  | SOLE |  | 10412 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1509002 | 10477 | SH |  | SOLE |  | 10477 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1684758 | 10478 | SH |  | SOLE |  | 10478 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 382671 | 10487 | SH |  | SOLE |  | 10487 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1320748 | 10513 | SH |  | SOLE |  | 10513 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1458751 | 10586 | SH |  | SOLE |  | 10586 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3800479 | 10758 | SH |  | SOLE |  | 10758 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1135488 | 10767 | SH |  | SOLE |  | 10767 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1222874 | 10901 | SH |  | SOLE |  | 10901 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1968886 | 10914 | SH |  | SOLE |  | 10914 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1881361 | 10921 | SH |  | SOLE |  | 10921 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 578909 | 10929 | SH |  | SOLE |  | 10929 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1424141 | 11039 | SH |  | SOLE |  | 11039 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9718224 | 11056 | SH |  | SOLE |  | 11056 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 3972314 | 11302 | SH |  | SOLE |  | 11302 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 738772 | 11350 | SH |  | SOLE |  | 11350 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 840546 | 11436 | SH |  | SOLE |  | 11436 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1158722 | 11485 | SH |  | SOLE |  | 11485 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 2095569 | 11633 | SH |  | SOLE |  | 11633 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 941356 | 11657 | SH |  | SOLE |  | 11657 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2195341 | 11673 | SH |  | SOLE |  | 11673 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 287160 | 11740 | SH |  | SOLE |  | 11740 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 6690411 | 11813 | SH |  | SOLE |  | 11813 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1176346 | 11844 | SH |  | SOLE |  | 11844 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 658379 | 11925 | SH |  | SOLE |  | 11925 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 287466 | 11933 | SH |  | SOLE |  | 11933 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 811528 | 12053 | SH |  | SOLE |  | 12053 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 934886 | 12088 | SH |  | SOLE |  | 12088 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 3310822 | 12124 | SH |  | SOLE |  | 12124 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7492739 | 12197 | SH |  | SOLE |  | 12197 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 1191591 | 12268 | SH |  | SOLE |  | 12268 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1408630 | 12479 | SH |  | SOLE |  | 12479 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 831351 | 12526 | SH |  | SOLE |  | 12526 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 493990 | 12541 | SH |  | SOLE |  | 12541 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2758020 | 12553 | SH |  | SOLE |  | 12553 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1021304 | 12892 | SH |  | SOLE |  | 12892 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 2655829 | 12954 | SH |  | SOLE |  | 12954 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1060678 | 12981 | SH |  | SOLE |  | 12981 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1843756 | 13031 | SH |  | SOLE |  | 13031 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7573450 | 13070 | SH |  | SOLE |  | 13070 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 786022 | 13096 | SH |  | SOLE |  | 13096 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908363 |  | 2337914 | 13181 | SH |  | SOLE |  | 13181 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 3630559 | 13191 | SH |  | SOLE |  | 13191 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 351131 | 13443 | SH |  | SOLE |  | 13443 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 1104317 | 13464 | SH |  | SOLE |  | 13464 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2853130 | 13669 | SH |  | SOLE |  | 13669 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 3590416 | 13958 | SH |  | SOLE |  | 13958 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1220804 | 13976 | SH |  | SOLE |  | 13976 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 590570 | 14142 | SH |  | SOLE |  | 14142 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 1224881 | 14190 | SH |  | SOLE |  | 14190 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1316018 | 14238 | SH |  | SOLE |  | 14238 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 12829032 | 14877 | SH |  | SOLE |  | 14877 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1300926 | 14936 | SH |  | SOLE |  | 14936 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1931858 | 14971 | SH |  | SOLE |  | 14971 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1306042 | 15139 | SH |  | SOLE |  | 15139 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1266384 | 15179 | SH |  | SOLE |  | 15179 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 5361497 | 15319 | SH |  | SOLE |  | 15319 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1957382 | 15557 | SH |  | SOLE |  | 15557 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1537412 | 15728 | SH |  | SOLE |  | 15728 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 931289 | 15944 | SH |  | SOLE |  | 15944 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 643039 | 15996 | SH |  | SOLE |  | 15996 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 2099517 | 16432 | SH |  | SOLE |  | 16432 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 287865 | 16630 | SH |  | SOLE |  | 16630 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 2710128 | 16648 | SH |  | SOLE |  | 16648 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3094288 | 16679 | SH |  | SOLE |  | 16679 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4593586 | 16938 | SH |  | SOLE |  | 16938 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1365742 | 17008 | SH |  | SOLE |  | 17008 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 947026 | 17082 | SH |  | SOLE |  | 17082 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1260173 | 17101 | SH |  | SOLE |  | 17101 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2012044 | 17449 | SH |  | SOLE |  | 17449 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 3544672 | 17458 | SH |  | SOLE |  | 17458 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 336126 | 17589 | SH |  | SOLE |  | 17589 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1931537 | 17638 | SH |  | SOLE |  | 17638 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 2887984 | 17758 | SH |  | SOLE |  | 17758 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 239083 | 17842 | SH |  | SOLE |  | 17842 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 811546 | 18127 | SH |  | SOLE |  | 18127 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 5979954 | 18270 | SH |  | SOLE |  | 18270 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1054884 | 18349 | SH |  | SOLE |  | 18349 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1176207 | 18459 | SH |  | SOLE |  | 18459 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 762798 | 18537 | SH |  | SOLE |  | 18537 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1373870 | 18601 | SH |  | SOLE |  | 18601 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 2980582 | 18617 | SH |  | SOLE |  | 18617 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 2063041 | 18709 | SH |  | SOLE |  | 18709 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 718798 | 18748 | SH |  | SOLE |  | 18748 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 941888 | 18834 | SH |  | SOLE |  | 18834 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 10957857 | 19128 | SH |  | SOLE |  | 19128 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4213865 | 19408 | SH |  | SOLE |  | 19408 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2580342 | 19442 | SH |  | SOLE |  | 19442 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 2048955 | 19512 | SH |  | SOLE |  | 19512 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1302550 | 19599 | SH |  | SOLE |  | 19599 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 4468094 | 19621 | SH |  | SOLE |  | 19621 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 533631 | 19626 | SH |  | SOLE |  | 19626 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 920282 | 19791 | SH |  | SOLE |  | 19791 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7324270 | 19798 | SH |  | SOLE |  | 19798 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 306646 | 20003 | SH |  | SOLE |  | 20003 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 1345281 | 20028 | SH |  | SOLE |  | 20028 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 564093 | 20139 | SH |  | SOLE |  | 20139 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 290442 | 20254 | SH |  | SOLE |  | 20254 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 4911947 | 20368 | SH |  | SOLE |  | 20368 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L102 |  | 2345968 | 20382 | SH |  | SOLE |  | 20382 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 846190 | 20474 | SH |  | SOLE |  | 20474 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 754138 | 20588 | SH |  | SOLE |  | 20588 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1758196 | 20624 | SH |  | SOLE |  | 20624 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 4814232 | 20812 | SH |  | SOLE |  | 20812 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1870512 | 21186 | SH |  | SOLE |  | 21186 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1685080 | 21220 | SH |  | SOLE |  | 21220 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1510144 | 21760 | SH |  | SOLE |  | 21760 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1718366 | 21768 | SH |  | SOLE |  | 21768 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 996380 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 5043108 | 22030 | SH |  | SOLE |  | 22030 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 5379383 | 22195 | SH |  | SOLE |  | 22195 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 3928379 | 22375 | SH |  | SOLE |  | 22375 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 1950393 | 22390 | SH |  | SOLE |  | 22390 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4370406 | 22402 | SH |  | SOLE |  | 22402 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1469226 | 23152 | SH |  | SOLE |  | 23152 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1089971 | 23285 | SH |  | SOLE |  | 23285 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 2649463 | 23694 | SH |  | SOLE |  | 23694 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 1614619 | 24088 | SH |  | SOLE |  | 24088 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 634812 | 24119 | SH |  | SOLE |  | 24119 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 563926 | 24120 | SH |  | SOLE |  | 24120 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 992637 | 24140 | SH |  | SOLE |  | 24140 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 1831828 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2085367 | 24376 | SH |  | SOLE |  | 24376 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2425592 | 24454 | SH |  | SOLE |  | 24454 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 2040389 | 24583 | SH |  | SOLE |  | 24583 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 885411 | 25283 | SH |  | SOLE |  | 25283 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 1939674 | 25299 | SH |  | SOLE |  | 25299 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2947873 | 25393 | SH |  | SOLE |  | 25393 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 632852 | 26097 | SH |  | SOLE |  | 26097 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2291971 | 26176 | SH |  | SOLE |  | 26176 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 28641297 | 26651 | SH |  | SOLE |  | 26651 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1649479 | 27441 | SH |  | SOLE |  | 27441 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 1056808 | 27535 | SH |  | SOLE |  | 27535 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 16044582 | 28105 | SH |  | SOLE |  | 28105 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2224808 | 28155 | SH |  | SOLE |  | 28155 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 1491726 | 28231 | SH |  | SOLE |  | 28231 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 487778 | 28277 | SH |  | SOLE |  | 28277 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1658683 | 28310 | SH |  | SOLE |  | 28310 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 1110881 | 28375 | SH |  | SOLE |  | 28375 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 7318818 | 28479 | SH |  | SOLE |  | 28479 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 5051107 | 29530 | SH |  | SOLE |  | 29530 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 7928936 | 30076 | SH |  | SOLE |  | 30076 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 3549939 | 30287 | SH |  | SOLE |  | 30287 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 858115 | 30365 | SH |  | SOLE |  | 30365 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 9020483 | 30453 | SH |  | SOLE |  | 30453 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 5306539 | 30587 | SH |  | SOLE |  | 30587 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 618492 | 31174 | SH |  | SOLE |  | 31174 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2856515 | 31318 | SH |  | SOLE |  | 31318 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 673342 | 31362 | SH |  | SOLE |  | 31362 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 709618 | 31850 | SH |  | SOLE |  | 31850 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 4181167 | 31910 | SH |  | SOLE |  | 31910 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 1438174 | 32275 | SH |  | SOLE |  | 32275 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 874842 | 32282 | SH |  | SOLE |  | 32282 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 8556858 | 32301 | SH |  | SOLE |  | 32301 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 2363595 | 32347 | SH |  | SOLE |  | 32347 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 4980666 | 32513 | SH |  | SOLE |  | 32513 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 10739469 | 32533 | SH |  | SOLE |  | 32533 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 671502 | 32534 | SH |  | SOLE |  | 32534 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1469978 | 33280 | SH |  | SOLE |  | 33280 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 1468416 | 33687 | SH |  | SOLE |  | 33687 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 12190431 | 35427 | SH |  | SOLE |  | 35427 | 0 | 0 |
| EA SERIES TRUST | RELATIVE SENTIME | 02072L102 |  | 1397608 | 36370 | SH |  | SOLE |  | 36370 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3187422 | 36553 | SH |  | SOLE |  | 36553 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 11268970 | 36584 | SH |  | SOLE |  | 36584 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2154689 | 36908 | SH |  | SOLE |  | 36908 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 10554176 | 36979 | SH |  | SOLE |  | 36979 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 597916 | 37207 | SH |  | SOLE |  | 37207 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 1983132 | 37319 | SH |  | SOLE |  | 37319 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1234640 | 38236 | SH |  | SOLE |  | 38236 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3257664 | 38685 | SH |  | SOLE |  | 38685 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 5959300 | 38795 | SH |  | SOLE |  | 38795 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 4685699 | 38850 | SH |  | SOLE |  | 38850 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1560375 | 38883 | SH |  | SOLE |  | 38883 | 0 | 0 |
| CENTURY CMNTYS INC | COM | 156504300 |  | 2335719 | 39355 | SH |  | SOLE |  | 39355 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 491750 | 39498 | SH |  | SOLE |  | 39498 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 5421682 | 40119 | SH |  | SOLE |  | 40119 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2643646 | 41495 | SH |  | SOLE |  | 41495 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 1077709 | 42098 | SH |  | SOLE |  | 42098 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 5180855 | 42210 | SH |  | SOLE |  | 42210 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15219411 | 43396 | SH |  | SOLE |  | 43396 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 1099265 | 43518 | SH |  | SOLE |  | 43518 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 1060027 | 44131 | SH |  | SOLE |  | 44131 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 2016511 | 44280 | SH |  | SOLE |  | 44280 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 8668038 | 44472 | SH |  | SOLE |  | 44472 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2201409 | 44735 | SH |  | SOLE |  | 44735 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 7723470 | 45119 | SH |  | SOLE |  | 45119 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4301465 | 45950 | SH |  | SOLE |  | 45950 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2473542 | 45951 | SH |  | SOLE |  | 45951 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1703332 | 46036 | SH |  | SOLE |  | 46036 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 652943 | 46177 | SH |  | SOLE |  | 46177 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6629763 | 46194 | SH |  | SOLE |  | 46194 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 807157 | 46522 | SH |  | SOLE |  | 46522 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 8672619 | 47288 | SH |  | SOLE |  | 47288 | 0 | 0 |
| PACER FDS TR | TRENDPILOT 100 | 69374H204 |  | 3724235 | 47352 | SH |  | SOLE |  | 47352 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4811672 | 48189 | SH |  | SOLE |  | 48189 | 0 | 0 |
| PACER FDS TR | TRENDP US MID CP | 69374H204 |  | 1726820 | 48411 | SH |  | SOLE |  | 48411 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 4619612 | 48449 | SH |  | SOLE |  | 48449 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2461385 | 48462 | SH |  | SOLE |  | 48462 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2622484 | 49147 | SH |  | SOLE |  | 49147 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 4912275 | 49167 | SH |  | SOLE |  | 49167 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 25067658 | 49871 | SH |  | SOLE |  | 49871 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 15520270 | 51072 | SH |  | SOLE |  | 51072 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 8357802 | 52106 | SH |  | SOLE |  | 52106 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 4153068 | 52332 | SH |  | SOLE |  | 52332 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 11596336 | 54148 | SH |  | SOLE |  | 54148 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908363 |  | 18456614 | 55050 | SH |  | SOLE |  | 55050 | 0 | 0 |
| PARKE BANCORP INC | COM | 700885106 |  | 1388368 | 55446 | SH |  | SOLE |  | 55446 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 4301966 | 57025 | SH |  | SOLE |  | 57025 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 7353521 | 58692 | SH |  | SOLE |  | 58692 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 13533234 | 59229 | SH |  | SOLE |  | 59229 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3520950 | 61064 | SH |  | SOLE |  | 61064 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 6949754 | 61086 | SH |  | SOLE |  | 61086 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 5195697 | 63892 | SH |  | SOLE |  | 63892 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 7627092 | 65362 | SH |  | SOLE |  | 65362 | 0 | 0 |
| ATN INTL INC | COM | 00215F107 |  | 1506510 | 66075 | SH |  | SOLE |  | 66075 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1817556 | 66117 | SH |  | SOLE |  | 66117 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 11792253 | 66424 | SH |  | SOLE |  | 66424 | 0 | 0 |
| EA SERIES TRUST | US QUAN MOMENTUM | 02072L102 |  | 4403799 | 67446 | SH |  | SOLE |  | 67446 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 5458879 | 67998 | SH |  | SOLE |  | 67998 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2510711 | 69261 | SH |  | SOLE |  | 69261 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 624400 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3810052 | 70635 | SH |  | SOLE |  | 70635 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 49214330 | 74557 | SH |  | SOLE |  | 74557 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 11584688 | 76010 | SH |  | SOLE |  | 76010 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 2194902 | 76159 | SH |  | SOLE |  | 76159 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 1218140 | 77936 | SH |  | SOLE |  | 77936 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1106532 | 78869 | SH |  | SOLE |  | 78869 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 35728005 | 79445 | SH |  | SOLE |  | 79445 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 1760560 | 79844 | SH |  | SOLE |  | 79844 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 17089103 | 82576 | SH |  | SOLE |  | 82576 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 11834396 | 82579 | SH |  | SOLE |  | 82579 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN MOMNTM | 02072L102 |  | 3463601 | 90860 | SH |  | SOLE |  | 90860 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 9594554 | 91151 | SH |  | SOLE |  | 91151 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 3632977 | 95129 | SH |  | SOLE |  | 95129 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 8233967 | 95566 | SH |  | SOLE |  | 95566 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 6005703 | 96122 | SH |  | SOLE |  | 96122 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 10487495 | 96419 | SH |  | SOLE |  | 96419 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 32381821 | 100496 | SH |  | SOLE |  | 100496 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 6221181 | 116567 | SH |  | SOLE |  | 116567 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 940922 | 116595 | SH |  | SOLE |  | 116595 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 11447849 | 122831 | SH |  | SOLE |  | 122831 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 9132553 | 130633 | SH |  | SOLE |  | 130633 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1749158 | 133320 | SH |  | SOLE |  | 133320 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5238029 | 141952 | SH |  | SOLE |  | 141952 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 15884504 | 142577 | SH |  | SOLE |  | 142577 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 49500953 | 143025 | SH |  | SOLE |  | 143025 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 11200316 | 145402 | SH |  | SOLE |  | 145402 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 13738747 | 146531 | SH |  | SOLE |  | 146531 | 0 | 0 |
| NATURAL GROCERS BY VITAMIN C | COM | 63888U108 |  | 3680246 | 146916 | SH |  | SOLE |  | 146916 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 18264385 | 151773 | SH |  | SOLE |  | 151773 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 4575651 | 153083 | SH |  | SOLE |  | 153083 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 6615978 | 162435 | SH |  | SOLE |  | 162435 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 4749874 | 190758 | SH |  | SOLE |  | 190758 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L102 |  | 17241397 | 192048 | SH |  | SOLE |  | 192048 | 0 | 0 |
| PACER FDS TR | TRENDPILOT INTL | 69374H204 |  | 6072335 | 193079 | SH |  | SOLE |  | 193079 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K107 |  | 61903262 | 197774 | SH |  | SOLE |  | 197774 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 64224191 | 204666 | SH |  | SOLE |  | 204666 | 0 | 0 |
| PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 |  | 3387933 | 207213 | SH |  | SOLE |  | 207213 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 12848220 | 233604 | SH |  | SOLE |  | 233604 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 9352336 | 236768 | SH |  | SOLE |  | 236768 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 6343662 | 243987 | SH |  | SOLE |  | 243987 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 119010177 | 246082 | SH |  | SOLE |  | 246082 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L102 |  | 7921072 | 268329 | SH |  | SOLE |  | 268329 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 6955945 | 280030 | SH |  | SOLE |  | 280030 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN VALUE | 02072L102 |  | 8960688 | 284847 | SH |  | SOLE |  | 284847 | 0 | 0 |
| EA SERIES TRUST | US QUAN VALUE | 02072L102 |  | 14962450 | 306639 | SH |  | SOLE |  | 306639 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 79183493 | 343053 | SH |  | SOLE |  | 343053 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 136483779 | 502037 | SH |  | SOLE |  | 502037 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 12401222 | 752045 | SH |  | SOLE |  | 752045 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 152438759 | 817366 | SH |  | SOLE |  | 817366 | 0 | 0 |

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