# EDGAR Filing Document

**Accession Number:** 0001992110
**File Stem:** 0001992110-26-000005
**Filing Date:** 2026-5
**Character Count:** 37627
**Document Hash:** bd2159492ae2b2cf46d03a241362485d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001992110-26-000005.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001992110-26-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ramirez Asset Management, Inc.
- **CENTRAL INDEX KEY:** 0001992110

**ORGANIZATION NAME:**
- **EIN:** 134006232
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930
- **LEGAL ENTITY IDENTIFIER:** 254900ESUPGNCNVB7341

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23458
- **FILM NUMBER:** 26966724

**BUSINESS ADDRESS:**
- **STREET 1:** 14 E 52ND ST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-378-7154

**MAIL ADDRESS:**
- **STREET 1:** 14 E 52ND ST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Ramirez Asset Management Inc.<br>**Address:** 14 E 52ND ST<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-23458

**CRD Number (if applicable):** 000110637

**SEC File Number (if applicable):** 801-69304

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:** Peter Sigismondi<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-378-7154

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

Peter Sigismondi  New York, NY  05-12-2026<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:** 349

**Form 13F Information Table Value Total:** $831730531

      (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 Laboratories | COM | 002824100 |  | 2343340 | 22824 | SH |  | SOLE |  | 22824 | 0 | 0 |
| ADMIRAL GROUP ADR | ADR | 007192107 |  | 1911 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| Advanced Micro Devices Inc | COM | 007903107 |  | 1254553 | 6167 | SH |  | SOLE |  | 6167 | 0 | 0 |
| Air Prods  Chems Inc | COM | 009158106 |  | 58098 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Airbus SE ADR | ADR | 009279100 |  | 5420 | 117 | SH |  | SOLE |  | 117 | 0 | 0 |
| ALAMOS GOLD INC NEW COM CL A | COM CL A | 011532108 |  | 3421 | 77 | SH |  | SOLE |  | 77 | 0 | 0 |
| Alliant Energy Corp | COM | 018802108 |  | 4118952 | 57399 | SH |  | SOLE |  | 57399 | 0 | 0 |
| Amazon com Inc | COM | 023135106 |  | 3960254 | 19015 | SH |  | SOLE |  | 19015 | 0 | 0 |
| Ameren Corp | COM | 023608102 |  | 373068 | 3394 | SH |  | SOLE |  | 3394 | 0 | 0 |
| Amentum Holdings Inc | COM | 023939101 |  | 2764 | 106 | SH |  | SOLE |  | 106 | 0 | 0 |
| American Express Co | COM | 025816109 |  | 1564427 | 5172 | SH |  | SOLE |  | 5172 | 0 | 0 |
| Ametek Inc | COM | 031100100 |  | 384776 | 1795 | SH |  | SOLE |  | 1795 | 0 | 0 |
| Amphenol Corp Cl A | COM | 032095101 |  | 50540 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| Elevance Health Inc | COM | 036752103 |  | 58550 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 5620941 | 22148 | SH |  | SOLE |  | 22148 | 0 | 0 |
| Applied Materials Inc | COM | 038222105 |  | 1310081 | 3833 | SH |  | SOLE |  | 3833 | 0 | 0 |
| Arista Networks Inc | COM | 040413205 |  | 334575 | 2725 | SH |  | SOLE |  | 2725 | 0 | 0 |
| Autozone Inc | COM | 053332102 |  | 1547023 | 458 | SH |  | SOLE |  | 458 | 0 | 0 |
| Avalonbay Communities Inc | COM | 053484101 |  | 259073 | 1586 | SH |  | SOLE |  | 1586 | 0 | 0 |
| AXA ADR | ADR | 054536107 |  | 12923195 | 285076 | SH |  | SOLE |  | 264151 | 5917 | 15008 |
| Bank of America Corp | COM | 060505104 |  | 2149631 | 44095 | SH |  | SOLE |  | 44095 | 0 | 0 |
| Bank New York Mellon Corp | COM | 064058100 |  | 1591777 | 13418 | SH |  | SOLE |  | 13418 | 0 | 0 |
| Boston Scientific Corp | COM | 101137107 |  | 573284 | 9136 | SH |  | SOLE |  | 9136 | 0 | 0 |
| Bristol Myers Squibb Co | COM | 110122108 |  | 13100 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 2501 | 96 | SH |  | SOLE |  | 96 | 0 | 0 |
| CMS Energy Corp | COM | 125896100 |  | 1870764 | 24114 | SH |  | SOLE |  | 24114 | 0 | 0 |
| Caci International Inc Cl A | COM | 127190304 |  | 1352061 | 2486 | SH |  | SOLE |  | 2486 | 0 | 0 |
| Cadence Design System Inc | COM | 127387108 |  | 299544 | 1078 | SH |  | SOLE |  | 1078 | 0 | 0 |
| Carlisle Cos Inc | COM | 142339100 |  | 942143 | 2824 | SH |  | SOLE |  | 2824 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 7162531 | 10110 | SH |  | SOLE |  | 10110 | 0 | 0 |
| CEMEX SA ADR | ADR | 151290889 |  | 12977400 | 1116758 | SH |  | SOLE |  | 856776 | 17168 | 242814 |
| Chevron Corp | COM | 166764100 |  | 96002 | 464 | SH |  | SOLE |  | 464 | 0 | 0 |
| CHINA CONSTR BANK CORP ADR | ADR | 168919108 |  | 3625252 | 166226 | SH |  | SOLE |  | 99527 | 0 | 66699 |
| Church  Dwight Co Inc | COM | 171340102 |  | 277720 | 2976 | SH |  | SOLE |  | 2976 | 0 | 0 |
| Citigroup Inc New | COM | 172967424 |  | 3506751 | 30921 | SH |  | SOLE |  | 30921 | 0 | 0 |
| COCA-COLA HBC AG ADR | ADR | 191223205 |  | 3248 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| COCA COLA FEMSA SAB DE CV ADR | ADR | 191241108 |  | 14688934 | 149595 | SH |  | SOLE |  | 123340 | 1661 | 24594 |
| Cooper Cos Inc | COM | 216648501 |  | 281924 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| Cummins Inc | COM | 231021106 |  | 398135 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| Curtiss Wright Corp | COM | 231561101 |  | 524462 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| DTE Energy Co | COM | 233331107 |  | 473022 | 3235 | SH |  | SOLE |  | 3235 | 0 | 0 |
| Darden Restaurants Inc | COM | 237194105 |  | 176436 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| DEUTSCHE TELEKOM AG ADR | ADR | 251566105 |  | 11423572 | 312223 | SH |  | SOLE |  | 285440 | 7470 | 19313 |
| Digital Realty Trust Inc | COM | 253868103 |  | 327622 | 1818 | SH |  | SOLE |  | 1818 | 0 | 0 |
| Donaldson Inc | COM | 257651109 |  | 251215 | 2960 | SH |  | SOLE |  | 2960 | 0 | 0 |
| E.ON AG ADR | ADR | 268780103 |  | 4588114 | 209847 | SH |  | SOLE |  | 188940 | 5699 | 15208 |
| Eastgroup Properties Inc | COM | 277276101 |  | 339455 | 1834 | SH |  | SOLE |  | 1834 | 0 | 0 |
| ENTAIN PLC UNSPONSORED AD | ADR | 293603106 |  | 1443 | 195 | SH |  | SOLE |  | 195 | 0 | 0 |
| ESSILOR INTL S A ADR | ADR | 297284200 |  | 2833320 | 24876 | SH |  | SOLE |  | 22744 | 594 | 1538 |
| Fifth Third Bancorp Com | COM | 316773100 |  | 375443 | 8081 | SH |  | SOLE |  | 8081 | 0 | 0 |
| FOMENTO ECONOMICO MEXICANO ADR | ADR | 344419106 |  | 3187464 | 27939 | SH |  | SOLE |  | 16163 | 0 | 11776 |
| General Dynamics Corp | COM | 369550108 |  | 4458428 | 12990 | SH |  | SOLE |  | 12990 | 0 | 0 |
| GERDAU SA ADR | SPON ADR REP PFD | 373737105 |  | 1960 | 543 | SH |  | SOLE |  | 543 | 0 | 0 |
| WW Grainger Inc | COM | 384802104 |  | 485410 | 445 | SH |  | SOLE |  | 445 | 0 | 0 |
| GREEK ORGANISATION OF FOOTBALL | ADR | 392483103 |  | 2790 | 370 | SH |  | SOLE |  | 370 | 0 | 0 |
| GRIFOLS SA ADR REP B NVT | SP ADR REP B NVT | 398438408 |  | 2623 | 327 | SH |  | SOLE |  | 327 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.ASP | ADR | 399909100 |  | 3608393 | 80887 | SH |  | SOLE |  | 49258 | 0 | 31629 |
| Hartford Insurance Group Inc C | COM | 416515104 |  | 3135172 | 23184 | SH |  | SOLE |  | 23184 | 0 | 0 |
| Hitachi Ltd ADR | ADR | 433578507 |  | 6296910 | 223324 | SH |  | SOLE |  | 205465 | 5426 | 12433 |
| Home Depot Inc | COM | 437076102 |  | 776838 | 2362 | SH |  | SOLE |  | 2362 | 0 | 0 |
| Honeywell Intl Inc | COM | 438516106 |  | 1430544 | 6329 | SH |  | SOLE |  | 6329 | 0 | 0 |
| HOYA CORP ADR | ADR | 443251103 |  | 3474962 | 20707 | SH |  | SOLE |  | 18927 | 488 | 1292 |
| Hubbell Inc | COM | 443510607 |  | 1467803 | 2991 | SH |  | SOLE |  | 2991 | 0 | 0 |
| Intuit | COM | 461202103 |  | 814172 | 1883 | SH |  | SOLE |  | 1883 | 0 | 0 |
| iShares Core SP 500 ETF | ETF | 464287200 |  | 1015742 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| ISHARES MSCI EMERGING MKTS ETF | ETF | 464287234 |  | 1782731 | 30918 | SH |  | SOLE |  | 27180 | 0 | 3738 |
| iShares MSCI EAFE ETF | ETF | 464287465 |  | 9713 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| iShares Russell Mid-Cap Growth | ETF | 464287481 |  | 89684 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| iShares Core SP Mid-Cap ETF | ETF | 464287507 |  | 25324 | 375 | SH |  | SOLE |  | 375 | 0 | 0 |
| Ishares Biotechnology Etf | COM | 464287556 |  | 67540 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| iShares Russell 1000 Growth ET | ETF | 464287614 |  | 3006120 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| iShares Russell 2000 ETF | ETF | 464287655 |  | 24800 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ISHARES MSCI ACWI EX US ETF | ETF | 464288240 |  | 1912300 | 27921 | SH |  | SOLE |  | 27820 | 0 | 101 |
| ITAU UNIBANCO HLDG PREF ADR | ADR | 465562106 |  | 19828339 | 2355376 | SH |  | SOLE |  | 2011543 | 41442 | 302391 |
| JARDINE MATHESON HLDGS LTD ADR | ADR | 471115402 |  | 545735 | 8039 | SH |  | SOLE |  | 0 | 0 | 8039 |
| Johnson  Johnson | COM | 478160104 |  | 153019 | 626 | SH |  | SOLE |  | 626 | 0 | 0 |
| KLA Corp New | COM | 482480100 |  | 1927385 | 1309 | SH |  | SOLE |  | 1309 | 0 | 0 |
| Kimberly Clark Corp | COM | 494368103 |  | 38588 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| KOREA ELEC POWER CORP ADR | ADR | 500631106 |  | 4513538 | 308754 | SH |  | SOLE |  | 199332 | 0 | 109422 |
| Labcorp Holdings Inc | COM | 504922105 |  | 346053 | 1297 | SH |  | SOLE |  | 1297 | 0 | 0 |
| Lam Research Corp New | COM | 512807306 |  | 722171 | 3380 | SH |  | SOLE |  | 3380 | 0 | 0 |
| LAUREATE EDUCATION INC CL A | COM | 518613203 |  | 692533 | 23012 | SH |  | SOLE |  | 0 | 0 | 23012 |
| Lennar Corp Cl A | COM | 526057104 |  | 195129 | 2247 | SH |  | SOLE |  | 2247 | 0 | 0 |
| Eli Lilly  Co | COM | 532457108 |  | 1313432 | 1428 | SH |  | SOLE |  | 1428 | 0 | 0 |
| Lowes Cos Inc | COM | 548661107 |  | 722544 | 3058 | SH |  | SOLE |  | 3058 | 0 | 0 |
| Marriott Intl Inc Cl A | COM | 571903202 |  | 1127410 | 3447 | SH |  | SOLE |  | 3447 | 0 | 0 |
| Martin Marietta Materials Inc | COM | 573284106 |  | 347321 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| Marubeni Corp ADR | ADR | 573810207 |  | 11524290 | 32532 | SH |  | SOLE |  | 30729 | 511 | 1292 |
| Microsoft Corp | COM | 594918104 |  | 6064125 | 16382 | SH |  | SOLE |  | 16382 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 132083 | 255 | SH |  | SOLE |  | 0 | 0 | 255 |
| Mitsubishi Elec Corp Adr | ADR | 606776201 |  | 5886560 | 92638 | SH |  | SOLE |  | 84767 | 2192 | 5679 |
| Mitsubishi Ufj Financial Group | ADR | 606822104 |  | 12996 | 751 | SH |  | SOLE |  | 494 | 0 | 257 |
| Mondelez Intl Inc Cl A | COM | 609207105 |  | 17292 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 4070145 | 24732 | SH |  | SOLE |  | 24732 | 0 | 0 |
| Motorola Solutions Inc | COM | 620076307 |  | 258646 | 596 | SH |  | SOLE |  | 596 | 0 | 0 |
| MOWI ASA ADS | ADS | 624678108 |  | 1871 | 83 | SH |  | SOLE |  | 83 | 0 | 0 |
| NN Group NV ADR | ADR | 629334103 |  | 2989306 | 77376 | SH |  | SOLE |  | 77376 | 0 | 0 |
| Nasdaq Inc | COM | 631103108 |  | 1250939 | 14736 | SH |  | SOLE |  | 14736 | 0 | 0 |
| Natera Inc | COM | 632307104 |  | 39998 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| NATIONAL GRID PLC ADR NE | SPONS ADR NE | 636274409 |  | 6293288 | 74169 | SH |  | SOLE |  | 67774 | 1762 | 4633 |
| Nestle SA ADR | ADR | 641069406 |  | 6253593 | 64016 | SH |  | SOLE |  | 61030 | 816 | 2170 |
| NICE SYS LTD SPONSORED ADR | SPONS ADR | 653656108 |  | 1985 | 18 | SH |  | SOLE |  | 18 | 0 | 0 |
| ONEOK Inc | COM | 682680103 |  | 2373099 | 26254 | SH |  | SOLE |  | 26254 | 0 | 0 |
| POSCO ADR | SPONS ADR | 693483109 |  | 4299316 | 65719 | SH |  | SOLE |  | 43941 | 0 | 21778 |
| Palo Alto Networks Inc | COM | 697435105 |  | 128256 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| Parker Hannifin Corp | COM | 701094104 |  | 2028614 | 2266 | SH |  | SOLE |  | 2266 | 0 | 0 |
| Paychex Inc | COM | 704326107 |  | 1565303 | 16992 | SH |  | SOLE |  | 16992 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 77645 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PT TELEKOM INDONESIA ADR | ADR | 715684106 |  | 11167601 | 603767 | SH |  | SOLE |  | 527081 | 9556 | 67130 |
| Pfizer Inc | COM | 717081103 |  | 9435 | 336 | SH |  | SOLE |  | 336 | 0 | 0 |
| Phillips 66 | COM | 718546104 |  | 4773480 | 26202 | SH |  | SOLE |  | 26202 | 0 | 0 |
| PDD HOLDINGS INC ADR | ADR | 722304102 |  | 9014 | 90 | SH |  | SOLE |  | 0 | 0 | 90 |
| Piper Sandler Companies | COM | 724078209 |  | 61240 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| POPULAR INC COM NEW | COM NEW | 733174700 |  | 2037109 | 14479 | SH |  | SOLE |  | 8633 | 0 | 5846 |
| Prudential Financial Inc | COM | 744320102 |  | 3126 | 32 | SH |  | SOLE |  | 32 | 0 | 0 |
| Public Service Enterprise Grou | COM | 744573106 |  | 47194 | 583 | SH |  | SOLE |  | 583 | 0 | 0 |
| RECKITT BENCK GRP SPONSORED AD | SPONS ADR | 756255303 |  | 4860958 | 362813 | SH |  | SOLE |  | 343515 | 5674 | 13624 |
| Resmed Inc | COM | 761152107 |  | 262866 | 1171 | SH |  | SOLE |  | 1171 | 0 | 0 |
| Robinhood Mkts Inc Cl A | COM | 770700102 |  | 34650 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| Ross Stores Inc | COM | 778296103 |  | 445608 | 2057 | SH |  | SOLE |  | 2057 | 0 | 0 |
| Sandoz Group AG ADS | ADR | 799926100 |  | 8393622 | 109038 | SH |  | SOLE |  | 100070 | 2697 | 6271 |
| SANTOS LTD ADR | ADR | 803021807 |  | 2699 | 495 | SH |  | SOLE |  | 495 | 0 | 0 |
| SAP AG | SPONS ADR | 803054204 |  | 6103832 | 35669 | SH |  | SOLE |  | 32622 | 838 | 2209 |
| SLB LIMITED COM STK | COM | 806857108 |  | 6424 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| Charles Schwab Corp | COM | 808513105 |  | 781256 | 8313 | SH |  | SOLE |  | 8313 | 0 | 0 |
| Sherwin Williams Co | COM | 824348106 |  | 585324 | 1826 | SH |  | SOLE |  | 1826 | 0 | 0 |
| SHINHAN FINANCIAL GROUP ADR | ADR | 824596100 |  | 15223970 | 241867 | SH |  | SOLE |  | 184387 | 3554 | 53926 |
| Snowflake Inc Cl A | COM | 833445109 |  | 82951 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| SONY CORP ADR | SPONS ADR | 835699307 |  | 7019085 | 339615 | SH |  | SOLE |  | 309340 | 8142 | 22133 |
| STANDARD BANK GROUP LTD ADR | ADR | 853118206 |  | 3410762 | 191083 | SH |  | SOLE |  | 182409 | 0 | 8674 |
| STANDARD CHARTERED PLC ADS | ADR | 853254100 |  | 8813836 | 212220 | SH |  | SOLE |  | 193154 | 5118 | 13948 |
| State Street Corp | COM | 857477103 |  | 581796 | 4597 | SH |  | SOLE |  | 4597 | 0 | 0 |
| Steel Dynamics Inc | COM | 858119100 |  | 2081340 | 11563 | SH |  | SOLE |  | 11563 | 0 | 0 |
| Stryker Corporation | COM | 863667101 |  | 1169780 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| Synopsys Inc | COM | 871607107 |  | 1104197 | 2785 | SH |  | SOLE |  | 2785 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG ADR | ADR | 874039100 |  | 51683000 | 146661 | SH |  | SOLE |  | 108356 | 1235 | 37070 |
| Teledyne Technologies Inc | COM | 879360105 |  | 339411 | 561 | SH |  | SOLE |  | 561 | 0 | 0 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 1467217 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| Timken Co | COM | 887389104 |  | 40228 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| Toronto Dominion Bank | COM | 891160509 |  | 21928 | 235 | SH |  | SOLE |  | 235 | 0 | 0 |
| Trinity Industries Inc | COM | 896522109 |  | 16090 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| Tyler Technologies Inc | COM | 902252105 |  | 68476 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| UPM KYMMENE CORP UNSPONSORED A | ADR | 915436208 |  | 3181 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| Vanguard Total International S | ETF | 921909768 |  | 77110 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| VANGUARD ESG INTL STOCK ETF | ETF | 921910725 |  | 660562 | 9209 | SH |  | SOLE |  | 9209 | 0 | 0 |
| Vanguard SP Mid-Cap 400 ETF | ETF | 921932885 |  | 146330 | 1280 | SH |  | SOLE |  | 1280 | 0 | 0 |
| Vanguard FTSE Developed Market | ETF | 921943858 |  | 80420 | 1255 | SH |  | SOLE |  | 1255 | 0 | 0 |
| Vanguard FTSE Emerging Markets | ETF | 922042858 |  | 129828 | 2402 | SH |  | SOLE |  | 2402 | 0 | 0 |
| Vanguard FTSE Pacific ETF | ETF | 922042866 |  | 73297 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| Vanguard FTSE Europe ETF | ETF | 922042874 |  | 107159 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Vanguard SP 500 ETF | ETF | 922908363 |  | 267702 | 448 | SH |  | SOLE |  | 448 | 0 | 0 |
| Vanguard Growth ETF | ETF | 922908736 |  | 34943 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| Vanguard Value ETF | ETF | 922908744 |  | 58860 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| Vanguard Total Stock Market ET | ETF | 922908769 |  | 24061 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| Vinci Sa Adr | ADR | 927320101 |  | 8271391 | 223591 | SH |  | SOLE |  | 211864 | 3227 | 8500 |
| Wal-Mart Inc | COM | 931142103 |  | 49712 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| Wells Fargo Co | COM | 949746101 |  | 79610 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 |  | 7378 | 302 | SH |  | SOLE |  | 302 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 677652 | 5359 | SH |  | SOLE |  | 0 | 0 | 5359 |
| WOORI FINANCIAL GROUP INC ADR | ADS | 981064108 |  | 32680 | 462 | SH |  | SOLE |  | 0 | 0 | 462 |
| Quanta Services Inc | COM | 74762E102 |  | 109804 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Invesco QQQ Trust Series I ETF | ETF | 46090E103 |  | 57718 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| Cencora Inc | COM | 03073E105 |  | 470268 | 1497 | SH |  | SOLE |  | 1497 | 0 | 0 |
| DIDI GLOBAL INC SPONSORED ADS | ADS | 23292E108 |  | 1541583 | 375081 | SH |  | SOLE |  | 375081 | 0 | 0 |
| Fortinet Inc | COM | 34959E109 |  | 357525 | 4375 | SH |  | SOLE |  | 4375 | 0 | 0 |
| ASE TECHNOLOGY HOLDING CO ADS | ADS | 00215W100 |  | 10707672 | 447333 | SH |  | SOLE |  | 343584 | 0 | 103749 |
| Abbvie Inc | COM | 00287Y109 |  | 5203666 | 23926 | SH |  | SOLE |  | 23926 | 0 | 0 |
| Adobe Inc | COM | 00724F101 |  | 768619 | 3162 | SH |  | SOLE |  | 3162 | 0 | 0 |
| Aecom Com | COM | 00766T100 |  | 33928 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| AGRICULTURAL BK CHINA LTD ADR | ADR | 00850M102 |  | 3485345 | 189477 | SH |  | SOLE |  | 116373 | 0 | 73104 |
| ALIBABA GROUP HOLDING LTD ADR | ADS | 01609W102 |  | 32598 | 247 | SH |  | SOLE |  | 0 | 0 | 247 |
| Alphabet Inc Cl C | COM | 02079K107 |  | 2405321 | 8385 | SH |  | SOLE |  | 8385 | 0 | 0 |
| Alphabet Inc Cl A | COM | 02079K305 |  | 4850850 | 16869 | SH |  | SOLE |  | 16869 | 0 | 0 |
| Ameriprise Financial Inc | COM | 03076C106 |  | 398182 | 896 | SH |  | SOLE |  | 896 | 0 | 0 |
| ANGLO AMERICAN PLC ADR | ADR | 03485P300 |  | 3338 | 137 | SH |  | SOLE |  | 0 | 0 | 137 |
| Assurant Inc | COM | 04621X108 |  | 257016 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| Astera Laboratories Inc | COM | 04626A103 |  | 21920 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| BAE Systems plc Sp ADR | ADR | 05523R107 |  | 14506 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| Baker Hughes Company Cl A | COM | 05722G100 |  | 433394 | 7099 | SH |  | SOLE |  | 7099 | 0 | 0 |
| BANCO BILBAO VIZCAYA ARGENTARI | ADR | 05946K101 |  | 34325 | 1552 | SH |  | SOLE |  | 0 | 0 | 1552 |
| BANCO MACRO SA ADR B | ADR | 05961W105 |  | 4367974 | 58029 | SH |  | SOLE |  | 35355 | 0 | 22674 |
| Blackstone Inc | COM | 09260D107 |  | 203072 | 1766 | SH |  | SOLE |  | 1766 | 0 | 0 |
| Booking Holdings Inc | COM | 09857L108 |  | 1549398 | 368 | SH |  | SOLE |  | 368 | 0 | 0 |
| Broadcom Inc | COM | 11135F101 |  | 6830886 | 22070 | SH |  | SOLE |  | 22070 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE COCO | COM SUB VTG A | 11276H106 |  | 1699 | 43 | SH |  | SOLE |  | 43 | 0 | 0 |
| Builders Firstsource Inc | COM | 12008R107 |  | 16466 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Cameco Corp | COM | 13321L108 |  | 15619288 | 142851 | SH |  | SOLE |  | 129758 | 3955 | 9138 |
| Canadian Pacific Kansas City C | ADR | 13646K108 |  | 4506072 | 56981 | SH |  | SOLE |  | 52080 | 1356 | 3545 |
| CAPCOM CO LTD ADR | ADR | 13916V107 |  | 1778 | 169 | SH |  | SOLE |  | 169 | 0 | 0 |
| Carlyle Group Inc | COM | 14316J108 |  | 67746 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| Carrier Global Corporation | COM | 14448C104 |  | 39417 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| CELLNEX TELECOM S A UNSPONSORD | ADR | 15117X105 |  | 5623572 | 351104 | SH |  | SOLE |  | 320411 | 8473 | 22220 |
| AXIA ENERGIA SPON ADR | SPON ADR PFD B | 15234Q207 |  | 4943033 | 422137 | SH |  | SOLE |  | 279363 | 0 | 142774 |
| AXIA ENERGIA ADR PFD CL C | SPON ADS PF CL | 15236F100 |  | 7626 | 638 | SH |  | SOLE |  | 55 | 0 | 583 |
| Chart Industries Inc | COM | 16115Q308 |  | 41350 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 3131455 | 40359 | SH |  | SOLE |  | 40359 | 0 | 0 |
| Constellation Energy Corp | COM | 21037T109 |  | 55850 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Costco Wholesale Corp | COM | 22160K105 |  | 74732 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| Coupang Inc Cl A | ADR | 22266T109 |  | 8742347 | 459096 | SH |  | SOLE |  | 379211 | 8104 | 71781 |
| Crowdstrike Holdings Inc Cl A | COM | 22788C105 |  | 97602 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| D R Horton Inc | COM | 23331A109 |  | 832514 | 6067 | SH |  | SOLE |  | 6067 | 0 | 0 |
| DAIICHI SANKYO CO LTD ADR | ADR | 23381D102 |  | 2326281 | 134098 | SH |  | SOLE |  | 123239 | 3350 | 7509 |
| DAITO TRUST CONSTRUCTION CO SP | ADR | 23405X209 |  | 2375 | 411 | SH |  | SOLE |  | 411 | 0 | 0 |
| Datadog Inc Cl A | COM | 23804L103 |  | 70830 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| Dell Technologies Inc Cl C | COM | 24703L202 |  | 32826 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| Diamondback Energy Inc | COM | 25278X109 |  | 376790 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| Disco Corp Unsponsored Adr | ADR | 25461D100 |  | 8122 | 211 | SH |  | SOLE |  | 211 | 0 | 0 |
| Dominion Energy Inc | COM | 25746U109 |  | 10262 | 166 | SH |  | SOLE |  | 166 | 0 | 0 |
| Duke Energy Corp | COM | 26441C204 |  | 18855 | 144 | SH |  | SOLE |  | 144 | 0 | 0 |
| Eqt Corp Com | COM | 26884L109 |  | 38184 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| EMBRAER SA ADR | ADS | 29082A107 |  | 7909379 | 130296 | SH |  | SOLE |  | 77431 | 0 | 52865 |
| Engie SA ADR | ADR | 29286D105 |  | 19672481 | 615291 | SH |  | SOLE |  | 568184 | 13083 | 34024 |
| Equinix Inc | COM | 29444U700 |  | 4901 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| Expedia Group Inc New | COM | 30212P303 |  | 416295 | 1803 | SH |  | SOLE |  | 1803 | 0 | 0 |
| Meta Platforms Inc Cl A | COM | 30303M102 |  | 3108382 | 5433 | SH |  | SOLE |  | 5433 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 |  | 339117 | 5862 | SH |  | SOLE |  | 5862 | 0 | 0 |
| Flowserve Corp | COM | 34354P105 |  | 314108 | 4273 | SH |  | SOLE |  | 4273 | 0 | 0 |
| FUJIFILM HLDGS CORP ADR | ADR | 35958N107 |  | 4366257 | 468549 | SH |  | SOLE |  | 430380 | 11405 | 26764 |
| GOLD FIELDS LTD NEW ADR | SPONS ADR | 38059T106 |  | 2647077 | 59868 | SH |  | SOLE |  | 35577 | 0 | 24291 |
| Goldman Sachs Group Inc | COM | 38141G104 |  | 211497 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| Grupo Financiero Banorte S A B | ADR | 40052P107 |  | 15279622 | 277976 | SH |  | SOLE |  | 255832 | 5197 | 16947 |
| Hilton Worldwide Holdings Inc | COM | 43300A203 |  | 463722 | 1525 | SH |  | SOLE |  | 1525 | 0 | 0 |
| IMCD N V ADR | ADR | 44970W103 |  | 2269 | 44 | SH |  | SOLE |  | 44 | 0 | 0 |
| Itt Inc | COM | 45073V108 |  | 1645227 | 8635 | SH |  | SOLE |  | 8635 | 0 | 0 |
| ICICI BANK LTD | ADR | 45104G104 |  | 16936 | 637 | SH |  | SOLE |  | 0 | 0 | 637 |
| Ingersoll Rand Inc | COM | 45687V106 |  | 80120 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Intercontinental Exchange Inc | COM | 45866F104 |  | 848054 | 5392 | SH |  | SOLE |  | 5392 | 0 | 0 |
| INTESA SANPAOLO SPA ADR | ADR | 46115H107 |  | 7075679 | 196915 | SH |  | SOLE |  | 179859 | 4723 | 12333 |
| iShares MSCI India ETF | ETF | 46429B598 |  | 23420 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| iShares MSCI China ETF | ETF | 46429B671 |  | 95506 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | ETF | 46434G103 |  | 3756 | 48 | SH |  | SOLE |  | 0 | 0 | 48 |
| ISHARES MSCI EMexCHINA ETF | ETF | 46434G764 |  | 157163 | 1998 | SH |  | SOLE |  | 1998 | 0 | 0 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 6675373 | 22693 | SH |  | SOLE |  | 22693 | 0 | 0 |
| Jacobs Solutions Inc | COM | 46982L108 |  | 63640 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| KB Financial Group Inc ADR | ADR | 48241A105 |  | 24013558 | 236513 | SH |  | SOLE |  | 195741 | 2483 | 38289 |
| KT CORP ADR | ADR | 48268K101 |  | 3758210 | 175271 | SH |  | SOLE |  | 107385 | 0 | 67886 |
| KASPI KZ JSC SPONSORED ADS | SPONS ADS | 48581R205 |  | 1852 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| Kenvue Inc | COM | 49177J102 |  | 34480 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| Keysight Technologies Inc | COM | 49338L103 |  | 550339 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| Kinder Morgan Inc | COM | 49456B101 |  | 42650 | 1272 | SH |  | SOLE |  | 1272 | 0 | 0 |
| Kodiak Gas Services Inc | COM | 50012A108 |  | 4636732 | 79505 | SH |  | SOLE |  | 79505 | 0 | 0 |
| LEONARDO DRS INC COM | COM | 52661A108 |  | 5209 | 117 | SH |  | SOLE |  | 117 | 0 | 0 |
| LONDON STK EXCHANGE GROUP SPON | ADR | 54211Y107 |  | 6665014 | 227025 | SH |  | SOLE |  | 211071 | 4313 | 11641 |
| LOTTOMATICA GROUP SPA UNSPONSO | ADR | 54569M101 |  | 2168 | 76 | SH |  | SOLE |  | 76 | 0 | 0 |
| Lumentum Holdings Inc | COM | 55024U109 |  | 105414 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| MMC NORILSK NICKEL PJSC ADR | ADR | 55315J102 |  | 0 | 93 | SH |  | SOLE |  | 93 | 0 | 0 |
| MPLX LP | COM | 55336V100 |  | 25681 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| Msci Inc | COM | 55354G100 |  | 369761 | 686 | SH |  | SOLE |  | 686 | 0 | 0 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 2315315 | 9482 | SH |  | SOLE |  | 9482 | 0 | 0 |
| Metlife Inc | COM | 59156R108 |  | 35360 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| Mizuho Financial Group Inc Sp | ADR | 60687Y109 |  | 10109864 | 1267938 | SH |  | SOLE |  | 1158249 | 30606 | 79083 |
| Nedbank Group Limited Sp ADR | ADR | 63975K104 |  | 4919942 | 315551 | SH |  | SOLE |  | 309807 | 0 | 5744 |
| Netflix Inc | COM | 64110L106 |  | 14422 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| Netskope Inc Cl A | COM | 64119N608 |  | 16980 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| Nvidia Corporation | COM | 67066G104 |  | 8027981 | 46032 | SH |  | SOLE |  | 46032 | 0 | 0 |
| O Reilly Automotive Inc | COM | 67103H107 |  | 9693 | 105 | SH |  | SOLE |  | 105 | 0 | 0 |
| OLYMPUS CORP ADR | ADR | 68163W208 |  | 14877 | 1590 | SH |  | SOLE |  | 1590 | 0 | 0 |
| Oracle Corp | COM | 68389X105 |  | 569463 | 3871 | SH |  | SOLE |  | 3871 | 0 | 0 |
| OR ROYALTIES INC. COM SHS | COM | 68390D106 |  | 2129 | 56 | SH |  | SOLE |  | 56 | 0 | 0 |
| Otis Worldwide Corp | COM | 68902V107 |  | 46248 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| PJSC LUKOIL ADR | ADR | 69343P105 |  | 0 | 311 | SH |  | SOLE |  | 311 | 0 | 0 |
| PANASONIC HLDGS CORP UNSPONSOR | ADR | 69832A304 |  | 7071406 | 429319 | SH |  | SOLE |  | 391105 | 10617 | 27597 |
| Paramount Skydance Corp Cl B | COM | 69932A204 |  | 550 | 61 | SH |  | SOLE |  | 61 | 0 | 0 |
| Permian Resources Corp Class A | COM | 71424F105 |  | 3886636 | 182300 | SH |  | SOLE |  | 182300 | 0 | 0 |
| PETROLEO BRASILEIRO SA | ADR | 71654V408 |  | 1917 | 87 | SH |  | SOLE |  | 0 | 0 | 87 |
| PING AN INSURANCE GROUP ADR RE | ADR | 72341E304 |  | 2001124 | 128714 | SH |  | SOLE |  | 75237 | 0 | 53477 |
| Prologis Inc | COM | 74340W103 |  | 861153 | 6515 | SH |  | SOLE |  | 6515 | 0 | 0 |
| Public Storage | COM | 74460D109 |  | 1692729 | 6249 | SH |  | SOLE |  | 6249 | 0 | 0 |
| QANTAS AIRWAYS LTD SPONSORED A | ADR | 74726M505 |  | 1662 | 58 | SH |  | SOLE |  | 58 | 0 | 0 |
| QINETIQ GROUP PLC ADR | ADR | 74732F106 |  | 1988 | 83 | SH |  | SOLE |  | 83 | 0 | 0 |
| Regions Financial Corp | COM | 7591EP100 |  | 376415 | 14411 | SH |  | SOLE |  | 14411 | 0 | 0 |
| Renesas Electronics Corp ADR | ADR | 75972B101 |  | 4956 | 733 | SH |  | SOLE |  | 733 | 0 | 0 |
| RHEINMETALL AG ADR | ADR | 76206K107 |  | 10180723 | 30667 | SH |  | SOLE |  | 27511 | 877 | 2279 |
| SP Global Inc | COM | 78409V104 |  | 977006 | 2297 | SH |  | SOLE |  | 2297 | 0 | 0 |
| SK TELECOM LTD ADR NEW | ADR | 78440P306 |  | 2841 | 97 | SH |  | SOLE |  | 97 | 0 | 0 |
| State Street SPDR SP 500 ETF | ETF | 78462F103 |  | 32517 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| SPDR SP Software  Services E | ETF | 78464A599 |  | 85374 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| SPDR SP Biotech ETF | ETF | 78464A870 |  | 98991 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| SSE PLC SPONSORED ADR | ADR | 78467K107 |  | 7255640 | 211640 | SH |  | SOLE |  | 198198 | 3689 | 9753 |
| Salesforce Inc | COM | 79466L302 |  | 929617 | 4980 | SH |  | SOLE |  | 4980 | 0 | 0 |
| Samsara Inc Cl A | COM | 79589L106 |  | 31690 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SCHNEIDER ELECTRIC SA ADR | ADR | 80687P106 |  | 6680486 | 125327 | SH |  | SOLE |  | 114670 | 2953 | 7704 |
| SCOR SPONSORED ADR | ADR | 80917Q106 |  | 3102 | 881 | SH |  | SOLE |  | 881 | 0 | 0 |
| SEA LIMITED ADR | SPONS ADR | 81141R100 |  | 7700209 | 92615 | SH |  | SOLE |  | 75468 | 1508 | 15639 |
| State Street Materials Select | ETF | 81369Y100 |  | 49970 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Health Care Select Sector SPDR | ETF | 81369Y209 |  | 14661 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| Industrial Select Sector SPDR | ETF | 81369Y704 |  | 16173 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| Technology Select Sector SPDR | ETF | 81369Y803 |  | 239220 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| State Street Utilities Select | ETF | 81369Y886 |  | 45890 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ServiceNow Inc | COM | 81762P102 |  | 26137 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| SIBANYE GOLD LTD ADR | SPONS ADR | 82575P107 |  | 544234 | 45277 | SH |  | SOLE |  | 0 | 0 | 45277 |
| SILICON MOTION TECHNOLOGY CORP | ADR | 82706C108 |  | 5051099 | 32384 | SH |  | SOLE |  | 19099 | 0 | 13285 |
| SMITH  NEPHEW PLC ADR NEW | SPDN ADR NEW | 83175M205 |  | 1907 | 60 | SH |  | SOLE |  | 60 | 0 | 0 |
| SOFTBANK GROUP CORP ADR | ADR | 83404D109 |  | 1972 | 116 | SH |  | SOLE |  | 0 | 0 | 116 |
| Solstice Advanced Materials In | COM | 83443Q103 |  | 3427 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| Southern Copper Corp | COM | 84265V105 |  | 31990 | 186 | SH |  | SOLE |  | 50 | 0 | 136 |
| Sumitomo Mitsui Finl Group ADR | ADR | 86562M209 |  | 7985728 | 402811 | SH |  | SOLE |  | 368128 | 9588 | 25095 |
| SUNTORY BEVERAGE  FOOD LTD AD | ADR | 86803T104 |  | 1847 | 131 | SH |  | SOLE |  | 131 | 0 | 0 |
| Suzano SA ADS | ADR | 86959K105 |  | 8992751 | 924318 | SH |  | SOLE |  | 682902 | 9137 | 232279 |
| SUZUKI MTR CORP ADR | ADR | 86959X107 |  | 732969 | 16423 | SH |  | SOLE |  | 0 | 0 | 16423 |
| TELEFONICA BRASIL SA NEW ADR | SPONS ADR | 87936R205 |  | 7501870 | 471812 | SH |  | SOLE |  | 355471 | 0 | 116341 |
| TENCENT HLDGS LTD ADR | ADR | 88032Q109 |  | 10297313 | 167713 | SH |  | SOLE |  | 89006 | 0 | 78707 |
| TENCENT MUSIC ENTMT GROUP ADS | ADS | 88034P109 |  | 608842 | 65608 | SH |  | SOLE |  | 65608 | 0 | 0 |
| TRIP.COM GROUP LTD ADR | ADS | 89677Q107 |  | 1812271 | 36272 | SH |  | SOLE |  | 34854 | 0 | 1418 |
| Valero Energy Corp | COM | 91913Y100 |  | 1151393 | 4660 | SH |  | SOLE |  | 4660 | 0 | 0 |
| Vanguard Consumer Staples ETF | ETF | 92204A207 |  | 77484 | 345 | SH |  | SOLE |  | 345 | 0 | 0 |
| Vanguard Financials ETF | ETF | 92204A405 |  | 201753 | 1670 | SH |  | SOLE |  | 1670 | 0 | 0 |
| Vanguard Health Care ETF | ETF | 92204A504 |  | 138888 | 510 | SH |  | SOLE |  | 510 | 0 | 0 |
| Vanguard Industrials ETF | ETF | 92204A603 |  | 181088 | 580 | SH |  | SOLE |  | 580 | 0 | 0 |
| Vanguard Information Technolog | ETF | 92204A702 |  | 36281 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| Vanguard Utilities ETF | ETF | 92204A876 |  | 83219 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| Vanguard Russell 2000 ETF | ETF | 92206C664 |  | 133426 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| VEOLIA ENVIRONMENT ADR | ADR | 92334N103 |  | 8802682 | 465524 | SH |  | SOLE |  | 430749 | 10429 | 24346 |
| Verisk Analytics Inc | COM | 92345Y106 |  | 253126 | 1334 | SH |  | SOLE |  | 1334 | 0 | 0 |
| Visa Inc Cl A | COM | 92826C839 |  | 1831877 | 6061 | SH |  | SOLE |  | 6061 | 0 | 0 |
| WH GROUP LTD SPONSORED ADR | ADR | 92890T205 |  | 2195731 | 86429 | SH |  | SOLE |  | 50906 | 0 | 35523 |
| Waste Management Inc Del | COM | 94106L109 |  | 68937 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| Weg Sa Brazil Sp Adr | ADR | 94858P209 |  | 3901724 | 411655 | SH |  | SOLE |  | 250928 | 0 | 160727 |
| WEIR GROUP PLC SPONSORED ADR | ADR | 94876Q205 |  | 1900 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| Xcel Energy Inc | COM | 98389B100 |  | 234269 | 2949 | SH |  | SOLE |  | 2949 | 0 | 0 |
| Xylem Inc | COM | 98419M100 |  | 23900 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| XIAOMI CORP ADR | ADR | 98421U108 |  | 3338689 | 172327 | SH |  | SOLE |  | 84751 | 0 | 87576 |
| ANGLOGOLD ASHANTI PLC COM SHS | COM | G0378L100 |  | 6906094 | 71852 | SH |  | SOLE |  | 47213 | 0 | 24639 |
| Arch Capital Group Ltd | COM | G0450A105 |  | 453457 | 4724 | SH |  | SOLE |  | 4724 | 0 | 0 |
| Astrazeneca Plc | COM | G0593M107 |  | 5416194 | 27509 | SH |  | SOLE |  | 25306 | 672 | 1531 |
| CRH PLC | COM | G25508105 |  | 63072 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| Eaton Corp plc | COM | G29183103 |  | 4621096 | 12920 | SH |  | SOLE |  | 12920 | 0 | 0 |
| GRAB HOLDINGS LIMITED CLASS A | CLASS A ORD | G4124C109 |  | 8926858 | 2424354 | SH |  | SOLE |  | 2022653 | 44346 | 357355 |
| Johnson Controls Intl Plc | COM | G51502105 |  | 170235 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Linde plc | ADR | G54950103 |  | 11521859 | 23230 | SH |  | SOLE |  | 21563 | 465 | 1202 |
| Medtronic plc | COM | G5960L103 |  | 34660 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| NU HLDGS LTD ORD SHS CL A | ORD SHS CL A | G6683N103 |  | 729039 | 50348 | SH |  | SOLE |  | 0 | 0 | 50348 |
| nVent Electric plc | COM | G6700G107 |  | 70968 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| Smurfit Westrock Plc | COM | G8267P108 |  | 12545172 | 315203 | SH |  | SOLE |  | 297402 | 4505 | 13296 |
| Steris plc | COM | G8473T100 |  | 224889 | 1017 | SH |  | SOLE |  | 1017 | 0 | 0 |
| Trane Technologies plc | COM | G8994E103 |  | 1194794 | 2867 | SH |  | SOLE |  | 2867 | 0 | 0 |
| GOLAR LNG LTD SHS | SHS | G9456A100 |  | 2868 | 53 | SH |  | SOLE |  | 53 | 0 | 0 |
| XP INC CL A USR | CL A | G98239109 |  | 2323 | 122 | SH |  | SOLE |  | 122 | 0 | 0 |
| On Holding Ag Namen Akt A | COM | H5919C104 |  | 17010 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| GLOBANT SA USR | COM | L44385109 |  | 1208243 | 27337 | SH |  | SOLE |  | 16626 | 0 | 10711 |
| SPOTIFY TECHNOLOGY S A SHS | SHS | L8681T102 |  | 7737774 | 16021 | SH |  | SOLE |  | 14620 | 401 | 1000 |
| JFrog Ltd | COM | M6191J100 |  | 46930 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Aercap Holdings Nv | COM | N00985106 |  | 4534292 | 32999 | SH |  | SOLE |  | 30504 | 681 | 1814 |
| FERRARI N V | COM | N3167Y103 |  | 8340744 | 24611 | SH |  | SOLE |  | 22455 | 610 | 1546 |
| JBS N.V. COM SHS CL A | CL A SHS | N4732M103 |  | 29592785 | 1673913 | SH |  | SOLE |  | 1391672 | 23250 | 258991 |
| STELLANTIS NV SHS | ADR | N82405106 |  | 2224490 | 313332 | SH |  | SOLE |  | 286620 | 7530 | 19182 |
| Banco Latino Americano Comer | ADR | P16994132 |  | 2153840 | 42166 | SH |  | SOLE |  | 42166 | 0 | 0 |
| Royal Caribbean Group | COM | V7780T103 |  | 339572 | 1234 | SH |  | SOLE |  | 1234 | 0 | 0 |
| STAR BULK CARRIERS CORP NEW | SHS PAR | Y8162K204 |  | 3481 | 147 | SH |  | SOLE |  | 102 | 0 | 45 |

---