# EDGAR Filing Document

**Accession Number:** 0001535128
**File Stem:** 0001535128-26-000003
**Filing Date:** 2026-4
**Character Count:** 34685
**Document Hash:** 3843a48cf30c92bf90f8365f165ca051
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001535128-26-000003.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001535128-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SBI Okasan Asset Management Co.Ltd.
- **CENTRAL INDEX KEY:** 0001535128

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26156
- **FILM NUMBER:** 26902904

**BUSINESS ADDRESS:**
- **STREET 1:** 2-2-1 KYOBASHI, CHUO-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 104-0031
- **BUSINESS PHONE:** 813.3516.1236

**MAIL ADDRESS:**
- **STREET 1:** 2-2-1 KYOBASHI, CHUO-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 104-0031

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Okasan Asset Management Co.Ltd.
- **DATE OF NAME CHANGE:** 20111117

### 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:** SBI Okasan Asset Management Co.Ltd.<br>**Address:** 2-2-1 KYOBASHI CHUO-KU<br>TOKYO, M0 104-0031

**Form 13F File Number:** 028-26156

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:** Akira Shinozaki<br>**Title:** Head of Compliance  RiskManagement Dept.<br>**Phone:** 81 3 3516 1206

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

Akira Shinozaki  Tokyo, M0  04-27-2026<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:** 321

**Form 13F Information Table Value Total:** $2440283124

      (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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 156440 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 783457 | 7690 | SH |  | SOLE |  | 7690 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 895104 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| ABIVAX SA-ADR | SPONSORED ADS | 00370M103 |  | 659750 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| ACCENTURE PLC-CL A | SHS CLASS A | G1151C101 |  | 513630 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ADVANCED MICRO DEVICES | COM | 007903107 |  | 1224858 | 6248 | SH |  | SOLE |  | 6248 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 166420 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AGILYSYS INC | COM | 00847J105 |  | 64773 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS INC | COM | 009158106 |  | 1020460 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| AIRBNB INC-CLASS A | COM CL A | 009066101 |  | 54041 | 439 | SH |  | SOLE |  | 439 | 0 | 0 |
| ALARM.COM HOLDINGS INC | COM | 011642105 |  | 567356 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 1429836 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 54441 | 381 | SH |  | SOLE |  | 381 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 786390 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 979879 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| ALPHABET INC-CL A | CAP STK CL A | 02079K305 |  | 11751748 | 42968 | SH |  | SOLE |  | 42968 | 0 | 0 |
| ALPHABET INC-CL C | CAP STK CL C | 02079K107 |  | 437843 | 1603 | SH |  | SOLE |  | 1603 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 5742749 | 28578 | SH |  | SOLE |  | 28578 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 812455 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| AMEREN CORPORATION | COM | 023608102 |  | 778728 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| AMERICAN ELECTRIC POWER | COM | 025537101 |  | 814911 | 6215 | SH |  | SOLE |  | 6215 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 226850 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| AMPHENOL CORP-CL A | CL A | 032095101 |  | 1411570 | 11847 | SH |  | SOLE |  | 11847 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4802013 | 15843 | SH |  | SOLE |  | 15843 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 268192 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 57499 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| APOGEE THERAPEUTICS INC | COM | 03770N101 |  | 558912 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6830664 | 27696 | SH |  | SOLE |  | 27696 | 0 | 0 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 267543 | 828 | SH |  | SOLE |  | 828 | 0 | 0 |
| APPLOVIN CORP-CLASS A | COM CL A | 03831W108 |  | 283897 | 763 | SH |  | SOLE |  | 763 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 135696 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1539384 | 23100 | SH |  | SOLE |  | 23100 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO | COM | 039483102 |  | 832300 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 417329 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 925164 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| ARGENX SE - ADR | SPONSORED ADR | 04016X101 |  | 1267758 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 48194 | 415 | SH |  | SOLE |  | 415 | 0 | 0 |
| ARM HOLDINGS PLC-ADR | SPONSORED ADS | 042068205 |  | 739584 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 1516195 | 26300 | SH |  | SOLE |  | 26300 | 0 | 0 |
| ARTHUR J GALLAGHER  CO | COM | 363576109 |  | 1125100 | 5210 | SH |  | SOLE |  | 5210 | 0 | 0 |
| ASML HOLDING NV-NY REG SHS | N Y REGISTRY SHS | N07059210 |  | 169285 | 135 | SH |  | SOLE |  | 135 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 1362007 | 7025 | SH |  | SOLE |  | 7025 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1830588 | 9894 | SH |  | SOLE |  | 9894 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 164976 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 74960 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 672600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 947840 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| BAKER HUGHES CO | CL A | 05722G100 |  | 506678 | 8350 | SH |  | SOLE |  | 8350 | 0 | 0 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 661220 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 1377553 | 11960 | SH |  | SOLE |  | 11960 | 0 | 0 |
| BEONE MEDICINES LTD-ADR | SPONSORED ADS | 07725L102 |  | 482936 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| BEST BUY CO INC | COM | 086516101 |  | 543235 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 619127 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| BIONTECH SE-ADR | SPONSORED ADS | 09075V102 |  | 315425 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| BKV CORPORATION | COM | 05603J108 |  | 55613 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| BLOOM ENERGY CORP- A | COM CL A | 093712107 |  | 42904 | 359 | SH |  | SOLE |  | 359 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 860560 | 209 | SH |  | SOLE |  | 209 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1020725 | 16220 | SH |  | SOLE |  | 16220 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 582624 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1314060 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 5512000 | 18786 | SH |  | SOLE |  | 18786 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTIO | COM | 11133T103 |  | 980640 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 2429361 | 12680 | SH |  | SOLE |  | 12680 | 0 | 0 |
| C.H. ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 1813504 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| CACTUS INC - A | CL A | 127203107 |  | 98070 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| CADENCE DESIGN SYS INC | COM | 127387108 |  | 1711962 | 6320 | SH |  | SOLE |  | 6320 | 0 | 0 |
| CARPENTER TECHNOLOGY | COM | 144285103 |  | 370710 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CASEY'S GENERAL STORES INC | COM | 147528103 |  | 1480080 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| CBRE GROUP INC - A | CL A | 12504L109 |  | 1171632 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| CDW CORP/DE | COM | 12514G108 |  | 651805 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| CELCUITY INC | COM | 15102K100 |  | 703755 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| CELLDEX THERAPEUTICS INC | COM NEW | 15117B202 |  | 483472 | 16400 | SH |  | SOLE |  | 16400 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 73083 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| CG ONCOLOGY INC | COM | 156944100 |  | 773916 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 528552 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| CHESAPEAKE UTILITIES CORP | COM | 165303108 |  | 63080 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| CHEVRON CORP | COM | 166764100 |  | 653201 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 59860 | 164 | SH |  | SOLE |  | 164 | 0 | 0 |
| CINCINNATI FINANCIAL CORP | COM | 172062101 |  | 797742 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 148927 | 883 | SH |  | SOLE |  | 883 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 982568 | 12754 | SH |  | SOLE |  | 12754 | 0 | 0 |
| CLOUDFLARE INC - CLASS A | CL A COM | 18915M107 |  | 1337303 | 6871 | SH |  | SOLE |  | 6871 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 795263 | 10300 | SH |  | SOLE |  | 10300 | 0 | 0 |
| COCA-COLA CO/THE | COM | 191216100 |  | 1677940 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 124666 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| COMFORT SYSTEMS USA INC | COM | 199908104 |  | 52200 | 41 | SH |  | SOLE |  | 41 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 279069 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| CONSTELLATION ENERGY | COM | 21037T109 |  | 179166 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| CONSTRUCTION PARTNERS INC-A | COM CL A | 21044C107 |  | 211920 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 591330 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 50813 | 175 | SH |  | SOLE |  | 175 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 1750991 | 1757 | SH |  | SOLE |  | 1757 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 57456 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1134505 | 12920 | SH |  | SOLE |  | 12920 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 275157 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC - A | CL A | 22788C105 |  | 182429 | 480 | SH |  | SOLE |  | 480 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 874940 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 1074570 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 1305619 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| DATADOG INC - CLASS A | CL A COM | 23804L103 |  | 1250748 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 533360 | 29500 | SH |  | SOLE |  | 29500 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 1650873 | 26670 | SH |  | SOLE |  | 26670 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 178785 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| DICK'S SPORTING GOODS INC | COM | 253393102 |  | 54899 | 288 | SH |  | SOLE |  | 288 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 54234 | 877 | SH |  | SOLE |  | 877 | 0 | 0 |
| DOMINO'S PIZZA INC | COM | 25754A201 |  | 917644 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| DOXIMITY INC-CLASS A | CL A | 26622P107 |  | 118650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 444543 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| DUKE ENERGY CORP | COM NEW | 26441C204 |  | 1475152 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 4637655 | 13500 | SH |  | SOLE |  | 13500 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1627963 | 6202 | SH |  | SOLE |  | 6202 | 0 | 0 |
| EDISON INTERNATIONAL | COM | 281020107 |  | 948288 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 53901 | 678 | SH |  | SOLE |  | 678 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 149497 | 738 | SH |  | SOLE |  | 738 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1167639 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1157939 | 1306 | SH |  | SOLE |  | 1306 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 210330 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| EMERSON ELECTRIC CO | COM | 291011104 |  | 641160 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| ENSIGN GROUP INC/THE | COM | 29358P101 |  | 320656 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| ENTERGY CORP | COM | 29364G103 |  | 399816 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| EOG RESOURCES INC | COM | 26875P101 |  | 344747 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 141768 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| ERIE INDEMNITY COMPANY-CL A | CL A | 29530P102 |  | 669573 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 734310 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| EVERUS CONSTRUCTION GROUP | COM | 300426103 |  | 222660 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| EXCELERATE ENERGY INC-A | CL A COM | 30069T101 |  | 89937 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| EXPAND ENERGY CORP | COM | 165167735 |  | 55725 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 181208 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2743520 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| EYEPOINT INC | COM NEW | 30233G209 |  | 541545 | 45700 | SH |  | SOLE |  | 45700 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 977570 | 21666 | SH |  | SOLE |  | 21666 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1414122 | 31650 | SH |  | SOLE |  | 31650 | 0 | 0 |
| FORD MOTOR CO | COM | 345370860 |  | 1493172 | 133200 | SH |  | SOLE |  | 133200 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 156361 | 1978 | SH |  | SOLE |  | 1978 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 439684 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 413764 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 3825198 | 4680 | SH |  | SOLE |  | 4680 | 0 | 0 |
| GENERAC HOLDINGS INC | COM | 368736104 |  | 964600 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| GENERAL MOTORS CO | COM | 37045V100 |  | 3165060 | 43500 | SH |  | SOLE |  | 43500 | 0 | 0 |
| GENMAB A/S -SP ADR | SPONSORED ADS | 372303206 |  | 661248 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 922340 | 43100 | SH |  | SOLE |  | 43100 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 553055 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1989201 | 14590 | SH |  | SOLE |  | 14590 | 0 | 0 |
| GODADDY INC - CLASS A | CL A | 380237107 |  | 98088 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1292160 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| GRANITE CONSTRUCTION INC | COM | 387328107 |  | 302874 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 64455 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 672200 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HESS MIDSTREAM LP - CLASS A | CL A SHS | 428103105 |  | 110600 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 582300 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | COM | 438516106 |  | 268176 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 2759760 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 1160696 | 5580 | SH |  | SOLE |  | 5580 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 18989 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 1222736 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1041383 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 913752 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| IQVIA HOLDINGS INC | COM | 46266C105 |  | 1728064 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 272228 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 945711 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1302504 | 4590 | SH |  | SOLE |  | 4590 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 |  | 511480 | 15200 | SH |  | SOLE |  | 15200 | 0 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 63180 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 223978 | 162 | SH |  | SOLE |  | 162 | 0 | 0 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 158020 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 847780 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 309292 | 1547 | SH |  | SOLE |  | 1547 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 32452 | 65 | SH |  | SOLE |  | 65 | 0 | 0 |
| LOWE'S COS INC | COM | 548661107 |  | 1116384 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| MAGNA INTERNATIONAL INC | COM | 559222401 |  | 1843335 | 34500 | SH |  | SOLE |  | 34500 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP - A | CL A | 559663109 |  | 179872 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| MARATHON PETROLEUM CORP | COM | 56585A102 |  | 612900 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| MARSH  MCLENNAN COS | COM | 571748102 |  | 611520 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 55408 | 631 | SH |  | SOLE |  | 631 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 615300 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 2262920 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| MASTERCARD INC - A | CL A | 57636Q104 |  | 54834 | 111 | SH |  | SOLE |  | 111 | 0 | 0 |
| MCCORMICK  CO-NON VTG SHRS | COM NON VTG | 579780206 |  | 644640 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 963413 | 1120 | SH |  | SOLE |  | 1120 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1028880 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| MERCK  CO. INC. | COM | 58933Y105 |  | 944800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| MERIT MEDICAL SYSTEMS INC | COM | 589889104 |  | 137280 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| META PLATFORMS INC-CLASS A | CL A | 30303M102 |  | 2937753 | 5477 | SH |  | SOLE |  | 5477 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 1057056 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4330784 | 13458 | SH |  | SOLE |  | 13458 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8360896 | 23292 | SH |  | SOLE |  | 23292 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 190520 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 1248180 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| MOBILEYE GLOBAL INC-A | COMMON CLASS A | 60741F104 |  | 642880 | 98000 | SH |  | SOLE |  | 98000 | 0 | 0 |
| MONDELEZ INTERNATIONAL INC-A | CL A | 609207105 |  | 658225 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | COM | 609839105 |  | 193452 | 193 | SH |  | SOLE |  | 193 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 143781 | 2016 | SH |  | SOLE |  | 2016 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 712665 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1066950 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 1641696 | 36010 | SH |  | SOLE |  | 36010 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 1276512 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| MUELLER WATER PRODUCTS INC-A | COM SER A | 624758108 |  | 241650 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 1382616 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 2020437 | 21270 | SH |  | SOLE |  | 21270 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1128935 | 12143 | SH |  | SOLE |  | 12143 | 0 | 0 |
| NEWAMSTERDAM PHARMA CO NV | ORDINARY SHARES | N62509109 |  | 437017 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1619804 | 17597 | SH |  | SOLE |  | 17597 | 0 | 0 |
| NIKE INC -CL B | CL B | 654106103 |  | 471408 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 720750 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 14568324 | 88202 | SH |  | SOLE |  | 88202 | 0 | 0 |
| NXP SEMICONDUCTORS NV | COM | N6596X109 |  | 3204369 | 17100 | SH |  | SOLE |  | 17100 | 0 | 0 |
| OCCIDENTAL PETROLEUM CORP | COM | 674599105 |  | 569664 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| OLD DOMINION FREIGHT LINE | COM | 679580100 |  | 136241 | 718 | SH |  | SOLE |  | 718 | 0 | 0 |
| ON HOLDING AG-CLASS A | NAMEN AKT A | H5919C104 |  | 828880 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| ON SEMICONDUCTOR | COM | 682189105 |  | 2721774 | 48900 | SH |  | SOLE |  | 48900 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 130144 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 860560 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| O'REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 226314 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| OSI SYSTEMS INC | COM | 671044105 |  | 317652 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| PACKAGING CORP OF AMERICA | COM | 695156109 |  | 51842 | 248 | SH |  | SOLE |  | 248 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC-A | CL A | 69608A108 |  | 321729 | 2339 | SH |  | SOLE |  | 2339 | 0 | 0 |
| PAR TECHNOLOGY CORP/DEL | COM | 698884103 |  | 57735 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 391104 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 167980 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 1883868 | 5740 | SH |  | SOLE |  | 5740 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 27444 | 175 | SH |  | SOLE |  | 175 | 0 | 0 |
| PERMIAN RESOURCES CORP-CL A | CLASS A COM | 71424F105 |  | 139685 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| PHILIP MORRIS INTERNATIONAL | COM | 718172109 |  | 1285674 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1293670 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | COM | 693475105 |  | 705810 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| POWELL INDUSTRIES INC | COM | 739128106 |  | 251280 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 54711 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| PRIMORIS SERVICES CORP | COM | 74164F103 |  | 134400 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PROCTER  GAMBLE CO/THE | COM | 742718109 |  | 882792 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| PUBLIC SERVICE ENTERPRISE GP | COM | 744573106 |  | 786390 | 9662 | SH |  | SOLE |  | 9662 | 0 | 0 |
| Q2 HOLDINGS INC | COM | 74736L109 |  | 186320 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3608788 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| QUANTA SERVICES INC | COM | 74762E102 |  | 320268 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| RANGE RESOURCES CORP | COM | 75281A109 |  | 73936 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 188840 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 899148 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| RELIANCE INC | COM | 759509102 |  | 691127 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 917829 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 53305 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 915083 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 2335316 | 11185 | SH |  | SOLE |  | 11185 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD | COM | V7780T103 |  | 1761634 | 6740 | SH |  | SOLE |  | 6740 | 0 | 0 |
| RPM INTERNATIONAL INC | COM | 749685103 |  | 490300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1252770 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| SCHOLAR ROCK HOLDING CORP | COM | 80706P103 |  | 603120 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| SEA LTD-ADR | SPONSORD ADS | 81141R100 |  | 516846 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| SEAGATE TECHNOLOGY ULC | ORD SHS | G7997R103 |  | 160556 | 443 | SH |  | SOLE |  | 443 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 79144 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1527314 | 14550 | SH |  | SOLE |  | 14550 | 0 | 0 |
| SLB LTD | COM STK | 806857108 |  | 175202 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| SNAP-ON INC | COM | 833034101 |  | 713200 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 782180 | 5090 | SH |  | SOLE |  | 5090 | 0 | 0 |
| SOLSTICE ADV MATERIALS INC | COM SHS | 83443Q103 |  | 21720 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| SOUTHERN CO/THE | COM | 842587107 |  | 830302 | 8566 | SH |  | SOLE |  | 8566 | 0 | 0 |
| SPOTIFY TECHNOLOGY SA | SHS | L8681T102 |  | 807500 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| STATE STREET CORP | COM | 857477103 |  | 876282 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 382550 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 53807 | 165 | SH |  | SOLE |  | 165 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1358998 | 3547 | SH |  | SOLE |  | 3547 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 582120 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| T ROWE PRICE GROUP INC | COM | 74144T108 |  | 551986 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| TAIWAN SEMICONDUCTOR-SP ADR | SPONSORED ADS | 874039100 |  | 3478019 | 10989 | SH |  | SOLE |  | 10989 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 62606 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| TARGA RESOURCES CORP | COM | 87612G101 |  | 330208 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 3833752 | 19300 | SH |  | SOLE |  | 19300 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 256842 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 509589 | 1844 | SH |  | SOLE |  | 1844 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 5763707 | 16223 | SH |  | SOLE |  | 16223 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 79800 | 373 | SH |  | SOLE |  | 373 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 363537 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| TRAVELERS COS INC/THE | COM | 89417E109 |  | 612822 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 175112 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| TYSON FOODS INC-CL A | CL A | 902494103 |  | 663104 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 3715017 | 53140 | SH |  | SOLE |  | 53140 | 0 | 0 |
| UL SOLUTIONS INC - CLASS A | CLASS A COM SHS | 903731107 |  | 246600 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 |  | 277920 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 628296 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 |  | 768288 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 550594 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| VARONIS SYSTEMS INC | COM | 922280102 |  | 224402 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| VERA THERAPEUTICS INC | CL A | 92337R101 |  | 998220 | 26200 | SH |  | SOLE |  | 26200 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 714260 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 763560 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| VERTIV HOLDINGS CO-A | COM CL A | 92537N108 |  | 50123 | 214 | SH |  | SOLE |  | 214 | 0 | 0 |
| VIPER ENERGY INC-CL A | CL A | 64361Q101 |  | 177498 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| VIRIDIAN THERAPEUTICS INC | COM | 92790C104 |  | 411366 | 22200 | SH |  | SOLE |  | 22200 | 0 | 0 |
| VISA INC-CLASS A SHARES | COM CL A | 92826C839 |  | 1252077 | 4180 | SH |  | SOLE |  | 4180 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 1242795 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| WABTEC CORP | COM | 929740108 |  | 341575 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2343289 | 18974 | SH |  | SOLE |  | 18974 | 0 | 0 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 53351 | 232 | SH |  | SOLE |  | 232 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 628038 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| WAYSTAR HOLDING CORP | COM | 946784105 |  | 136068 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 161824 | 643 | SH |  | SOLE |  | 643 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 518595 | 7156 | SH |  | SOLE |  | 7156 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 54975 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1116227 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 |  | 799920 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| ZYMEWORKS INC | COM | 98985Y108 |  | 774720 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 1448060 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | UNIT SER 1 | 46090E103 |  | 524783 | 940 | SH |  | SOLE |  | 940 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | CORE MSCI EMKT | 46434G103 |  | 5063070 | 75209 | SH |  | SOLE |  | 75209 | 0 | 0 |
| ISHARES CORE S 500 ETF | CORE S ETF | 464287200 |  | 5048963 | 7952 | SH |  | SOLE |  | 7952 | 0 | 0 |
| ISHARES GLOBAL REIT ETF | GLOBAL REIT ETF | 46434V647 |  | 944524 | 38101 | SH |  | SOLE |  | 38101 | 0 | 0 |
| ISHARES JP MORGAN USD EMERGI | JPMORGAN USD EMG | 464288281 |  | 323851478 | 3478160 | SH |  | SOLE |  | 3478160 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | RUSSELL 2000 ETF | 464287655 |  | 2875320 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ISHARES SEMICONDUCTOR ETF | ISHARES SEMICDTR | 464287523 |  | 8141281 | 26280 | SH |  | SOLE |  | 26280 | 0 | 0 |
| ISHARES U.S. AEROSPACE  DEF | US AER DEF ETF | 464288760 |  | 3305187 | 15680 | SH |  | SOLE |  | 15680 | 0 | 0 |
| ISHARES US TREASURY BOND ETF | US TREAS BD ETF | 46429B267 |  | 801333 | 35008 | SH |  | SOLE |  | 35008 | 0 | 0 |
| ISHR IBX USD HIYLD CB ETF-UI | IBOXX HI YD ETF | 464288513 |  | 347174600 | 4405210 | SH |  | SOLE |  | 4405210 | 0 | 0 |
| JPMORGAN ACTIVE GROWTH ETF | ACTIVE GROWTH | 46654Q609 |  | 430397 | 5279 | SH |  | SOLE |  | 5279 | 0 | 0 |
| SPDR GOLD MINISHARES TRUST | SPDR GLD MINIS | 98149E303 |  | 165189301 | 1849410 | SH |  | SOLE |  | 1849410 | 0 | 0 |
| SS COMM SELECT SECTOR SPDR | STATE STREET COM | 81369Y852 |  | 5256033 | 48685 | SH |  | SOLE |  | 48685 | 0 | 0 |
| SS CONSUMER DISC SELECT SECT | STATE STREET CON | 81369Y407 |  | 3049348 | 28860 | SH |  | SOLE |  | 28860 | 0 | 0 |
| SS FINANCIAL SELECT SECTOR | STATE STREET FIN | 81369Y605 |  | 1200295 | 24820 | SH |  | SOLE |  | 24820 | 0 | 0 |
| SS SPDR S 500 ETF TRUST-US | TR UNIT | 78462F103 |  | 233829 | 370 | SH |  | SOLE |  | 370 | 0 | 0 |
| SS TECHNOLOGY SELECT SECTOR | STATE STREET TEC | 81369Y803 |  | 5690325 | 44630 | SH |  | SOLE |  | 44630 | 0 | 0 |
| VANECK JPM EM LOCAL CURR BND | JP MRGAN EM LOC | 92189H300 |  | 3033431 | 122168 | SH |  | SOLE |  | 122168 | 0 | 0 |
| VANGUARD FTSE DEVELOPED ETF | VAN FTSE DEV MKT | 921943858 |  | 272754470 | 4397138 | SH |  | SOLE |  | 4397138 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKE | FTSE EMR MKT ETF | 922042858 |  | 162819141 | 3106050 | SH |  | SOLE |  | 3106050 | 0 | 0 |
| VANGUARD TOTAL STOCK MKT ETF | TOTAL STK MKT | 922908769 |  | 829502035 | 2661390 | SH |  | SOLE |  | 2661390 | 0 | 0 |

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