# EDGAR Filing Document

**Accession Number:** 0001002667
**File Stem:** 0001410368-25-032336
**Filing Date:** 2025-11
**Character Count:** 71557
**Document Hash:** c628a84f3f533873d6520defab369a7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032336.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032336

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tax-Managed Growth Portfolio
- **CENTRAL INDEX KEY:** 0001002667

**ORGANIZATION NAME:**
- **EIN:** 043291529

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07409
- **FILM NUMBER:** 251528498

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX-MANAGED GROWTH PORTFOLIO
- **DATE OF NAME CHANGE:** 20150528

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX MANAGED GROWTH PORTFOLIO
- **DATE OF NAME CHANGE:** 19951025

## Series and Classes Contracts Data

### TAX-MANAGED GROWTH PORTFOLIO (Series ID: S000005248)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000014300 | TAX-MANAGED GROWTH PORTFOLIO |  |

## Nport-Ex

Tax-Managed Growth Portfolio<br>

September 30, 2025

Portfolio of Investments (Unaudited)

------

Common Stocks — 99.7%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Aerospace & Defense — 2.4% | Aerospace & Defense — 2.4% | Aerospace & Defense — 2.4% |
| Boeing Co.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;283946 | &nbsp;&nbsp;$61284065 |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37550 | &nbsp;&nbsp;&nbsp;&nbsp; 12804550 |
| General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;163119 | &nbsp;&nbsp;&nbsp;&nbsp; 49069458 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16117 | &nbsp;&nbsp;&nbsp;&nbsp; 9820410 |
| RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;156984 | &nbsp;&nbsp;&nbsp;&nbsp; 26268133 |
|  |  | &nbsp;&nbsp;**$159246616** |
| Air Freight & Logistics — 0.4% | Air Freight & Logistics — 0.4% | Air Freight & Logistics — 0.4% |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70102 | &nbsp;&nbsp;$9281505 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63353 | &nbsp;&nbsp;&nbsp;&nbsp; 14939271 |
|  |  | &nbsp;&nbsp;**$24220776** |
| Banks — 4.0% | Banks — 4.0% | Banks — 4.0% |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp;459518 | &nbsp;&nbsp;$23706534 |
| Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;490280 | &nbsp;&nbsp;&nbsp;&nbsp; 21841974 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;514622 | &nbsp;&nbsp;&nbsp;&nbsp; 162327217 |
| Regions Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;214298 | &nbsp;&nbsp;&nbsp;&nbsp; 5651038 |
| Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;311559 | &nbsp;&nbsp;&nbsp;&nbsp; 14244478 |
| Wells Fargo & Co. | &nbsp;&nbsp;&nbsp;&nbsp;446596 | &nbsp;&nbsp;&nbsp;&nbsp; 37433677 |
|  |  | &nbsp;&nbsp;**$265204918** |
| Beverages — 0.1% | Beverages — 0.1% | Beverages — 0.1% |
| Monster Beverage Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;142992 | &nbsp;&nbsp;$9624792 |
|  |  | &nbsp;&nbsp;**$9624792** |
| Biotechnology — 1.9% | Biotechnology — 1.9% | Biotechnology — 1.9% |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;193103 | &nbsp;&nbsp;$44711069 |
| Amgen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97100 | &nbsp;&nbsp;&nbsp;&nbsp; 27401620 |
| Argenx SE ADR<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41279 | &nbsp;&nbsp;&nbsp;&nbsp; 30445739 |
| Vertex Pharmaceuticals, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64684 | &nbsp;&nbsp;&nbsp;&nbsp; 25332842 |
|  |  | &nbsp;&nbsp;**$127891270** |
| Broadline Retail — 5.7% | Broadline Retail — 5.7% | Broadline Retail — 5.7% |
| Amazon.com, Inc.<sup>(1)</sup> | 1725700 | &nbsp;&nbsp;$378911949 |
|  |  | &nbsp;&nbsp;**$378911949** |
| Building Products — 0.2% | Building Products — 0.2% | Building Products — 0.2% |
| Carrier Global Corp. | &nbsp;&nbsp;&nbsp;&nbsp;189214 | &nbsp;&nbsp;$11296076 |
|  |  | &nbsp;&nbsp;**$11296076** |
| Capital Markets — 3.6% | Capital Markets — 3.6% | Capital Markets — 3.6% |
| Bank of New York Mellon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;118456 | &nbsp;&nbsp;$12906966 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Capital Markets (continued) | Capital Markets (continued) | Capital Markets (continued) |
| Blackrock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7289 | &nbsp;&nbsp;$8498026 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75857 | &nbsp;&nbsp;&nbsp;&nbsp; 18603929 |
| Charles Schwab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;371381 | &nbsp;&nbsp;&nbsp;&nbsp; 35455744 |
| CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36417 | &nbsp;&nbsp;&nbsp;&nbsp; 9839509 |
| Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;123352 | &nbsp;&nbsp;&nbsp;&nbsp; 98231365 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60970 | &nbsp;&nbsp;&nbsp;&nbsp; 10272226 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66944 | &nbsp;&nbsp;&nbsp;&nbsp; 31897477 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32008 | &nbsp;&nbsp;&nbsp;&nbsp; 15578614 |
|  |  | &nbsp;&nbsp;**$241283856** |
| Chemicals — 2.0% | Chemicals — 2.0% | Chemicals — 2.0% |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;136353 | &nbsp;&nbsp;$10621899 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;110020 | &nbsp;&nbsp;&nbsp;&nbsp; 30130077 |
| Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72347 | &nbsp;&nbsp;&nbsp;&nbsp; 34364825 |
| Sherwin-Williams Co. | &nbsp;&nbsp;&nbsp;&nbsp;172482 | &nbsp;&nbsp;&nbsp;&nbsp; 59723617 |
|  |  | &nbsp;&nbsp;**$134840418** |
| Commercial Services & Supplies — 0.7% | Commercial Services & Supplies — 0.7% | Commercial Services & Supplies — 0.7% |
| Waste Connections, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87850 | &nbsp;&nbsp;$15444030 |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;128692 | &nbsp;&nbsp;&nbsp;&nbsp; 28419054 |
|  |  | &nbsp;&nbsp;**$43863084** |
| Communications Equipment — 2.1% | Communications Equipment — 2.1% | Communications Equipment — 2.1% |
| Arista Networks, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;726476 | &nbsp;&nbsp;$105854818 |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;502988 | &nbsp;&nbsp;&nbsp;&nbsp; 34414439 |
|  |  | &nbsp;&nbsp;**$140269257** |
| Consumer Finance — 1.1% | Consumer Finance — 1.1% | Consumer Finance — 1.1% |
| American Express Co. | &nbsp;&nbsp;&nbsp;&nbsp;120073 | &nbsp;&nbsp;$39883448 |
| Capital One Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;147637 | &nbsp;&nbsp;&nbsp;&nbsp; 31384673 |
|  |  | &nbsp;&nbsp;**$71268121** |
| Consumer Staples Distribution & Retail — 2.7% | Consumer Staples Distribution & Retail — 2.7% | Consumer Staples Distribution & Retail — 2.7% |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81331 | &nbsp;&nbsp;$75282414 |
| Walmart, Inc. | 1029000 | &nbsp;&nbsp;&nbsp;&nbsp; 106048740 |
|  |  | &nbsp;&nbsp;**$181331154** |
| Electric Utilities — 0.8% | Electric Utilities — 0.8% | Electric Utilities — 0.8% |
| Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;423733 | &nbsp;&nbsp;$52436959 |
|  |  | &nbsp;&nbsp;**$52436959** |
| Electrical Equipment — 1.0% | Electrical Equipment — 1.0% | Electrical Equipment — 1.0% |
| AMETEK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54862 | &nbsp;&nbsp;$10314056 |

---

------

Tax-Managed Growth Portfolio<br>

September 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Electrical Equipment (continued) | Electrical Equipment (continued) | Electrical Equipment (continued) |
| Emerson Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;269079 | &nbsp;&nbsp;$35297783 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50722 | &nbsp;&nbsp;&nbsp;&nbsp; 17728861 |
|  |  | &nbsp;&nbsp;**$63340700** |
| Energy Equipment & Services — 0.1% | Energy Equipment & Services — 0.1% | Energy Equipment & Services — 0.1% |
| Schlumberger NV | &nbsp;&nbsp;&nbsp;&nbsp;202846 | &nbsp;&nbsp;$6971817 |
|  |  | &nbsp;&nbsp;**$6971817** |
| Entertainment — 4.1% | Entertainment — 4.1% | Entertainment — 4.1% |
| Live Nation Entertainment, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;185000 | &nbsp;&nbsp;$30229000 |
| Netflix, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;127719 | &nbsp;&nbsp;&nbsp;&nbsp; 153124863 |
| Spotify Technology SA<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37600 | &nbsp;&nbsp;&nbsp;&nbsp; 26244800 |
| Walt Disney Co. | &nbsp;&nbsp;&nbsp;&nbsp;534448 | &nbsp;&nbsp;&nbsp;&nbsp; 61194296 |
|  |  | &nbsp;&nbsp;**$270792959** |
| Financial Services — 4.1% | Financial Services — 4.1% | Financial Services — 4.1% |
| Berkshire Hathaway, Inc., Class B<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350230 | &nbsp;&nbsp;$176074630 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36635 | &nbsp;&nbsp;&nbsp;&nbsp; 20838354 |
| Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;212810 | &nbsp;&nbsp;&nbsp;&nbsp; 72649078 |
|  |  | &nbsp;&nbsp;**$269562062** |
| Food Products — 0.1% | Food Products — 0.1% | Food Products — 0.1% |
| McCormick & Co., Inc., Non Voting Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95587 | &nbsp;&nbsp;$6395726 |
|  |  | &nbsp;&nbsp;**$6395726** |
| Ground Transportation — 1.7% | Ground Transportation — 1.7% | Ground Transportation — 1.7% |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64980 | &nbsp;&nbsp;$19520642 |
| Uber Technologies, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;597498 | &nbsp;&nbsp;&nbsp;&nbsp; 58536879 |
| Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;148572 | &nbsp;&nbsp;&nbsp;&nbsp; 35117964 |
|  |  | &nbsp;&nbsp;**$113175485** |
| Health Care Equipment & Supplies — 3.0% | Health Care Equipment & Supplies — 3.0% | Health Care Equipment & Supplies — 3.0% |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;410303 | &nbsp;&nbsp;$54955984 |
| Boston Scientific Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;289826 | &nbsp;&nbsp;&nbsp;&nbsp; 28295712 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;135517 | &nbsp;&nbsp;&nbsp;&nbsp; 10177327 |
| Hologic, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp; 24971300 |
| Intuitive Surgical, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;101205 | &nbsp;&nbsp;&nbsp;&nbsp; 45261912 |
| Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72313 | &nbsp;&nbsp;&nbsp;&nbsp; 26731947 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76575 | &nbsp;&nbsp;&nbsp;&nbsp; 7542637 |
|  |  | &nbsp;&nbsp;**$197936819** |
| Health Care Providers & Services — 0.4% | Health Care Providers & Services — 0.4% | Health Care Providers & Services — 0.4% |
| HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64083 | &nbsp;&nbsp;$27312175 |
|  |  | &nbsp;&nbsp;**$27312175** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Hotels, Restaurants & Leisure — 2.5% | Hotels, Restaurants & Leisure — 2.5% | Hotels, Restaurants & Leisure — 2.5% |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15827 | &nbsp;&nbsp;$85454246 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;140779 | &nbsp;&nbsp;&nbsp;&nbsp; 36664483 |
| Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;361156 | &nbsp;&nbsp;&nbsp;&nbsp; 30553798 |
| Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65883 | &nbsp;&nbsp;&nbsp;&nbsp; 10014216 |
|  |  | &nbsp;&nbsp;**$162686743** |
| Household Products — 1.0% | Household Products — 1.0% | Household Products — 1.0% |
| Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp;&nbsp;397371 | &nbsp;&nbsp;$31765838 |
| Procter & Gamble Co. | &nbsp;&nbsp;&nbsp;&nbsp;220699 | &nbsp;&nbsp;&nbsp;&nbsp; 33910401 |
|  |  | &nbsp;&nbsp;**$65676239** |
| Insurance — 1.6% | Insurance — 1.6% | Insurance — 1.6% |
| Aflac, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;146622 | &nbsp;&nbsp;$16377677 |
| Aon PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27135 | &nbsp;&nbsp;&nbsp;&nbsp; 9675798 |
| Arthur J. Gallagher & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47054 | &nbsp;&nbsp;&nbsp;&nbsp; 14574506 |
| Markel Group, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6362 | &nbsp;&nbsp;&nbsp;&nbsp; 12160072 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42223 | &nbsp;&nbsp;&nbsp;&nbsp; 8509201 |
| Progressive Corp. | &nbsp;&nbsp;&nbsp;&nbsp;151029 | &nbsp;&nbsp;&nbsp;&nbsp; 37296612 |
| Travelers Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20353 | &nbsp;&nbsp;&nbsp;&nbsp; 5682965 |
|  |  | &nbsp;&nbsp;**$104276831** |
| Interactive Media & Services — 11.5% | Interactive Media & Services — 11.5% | Interactive Media & Services — 11.5% |
| Alphabet, Inc., Class A | 1006872 | &nbsp;&nbsp;$244770583 |
| Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;838031 | &nbsp;&nbsp;&nbsp;&nbsp; 204102450 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;427889 | &nbsp;&nbsp;&nbsp;&nbsp; 314233124 |
|  |  | &nbsp;&nbsp;**$763106157** |
| IT Services — 0.5% | IT Services — 0.5% | IT Services — 0.5% |
| Accenture PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;147397 | &nbsp;&nbsp;$36348100 |
|  |  | &nbsp;&nbsp;**$36348100** |
| Life Sciences Tools & Services — 0.4% | Life Sciences Tools & Services — 0.4% | Life Sciences Tools & Services — 0.4% |
| Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;151400 | &nbsp;&nbsp;$19432190 |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30361 | &nbsp;&nbsp;&nbsp;&nbsp; 6019372 |
|  |  | &nbsp;&nbsp;**$25451562** |
| Machinery — 1.8% | Machinery — 1.8% | Machinery — 1.8% |
| Caterpillar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55050 | &nbsp;&nbsp;$26267107 |
| Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32269 | &nbsp;&nbsp;&nbsp;&nbsp; 14755323 |
| Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91070 | &nbsp;&nbsp;&nbsp;&nbsp; 15193208 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;143086 | &nbsp;&nbsp;&nbsp;&nbsp; 37311105 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31857 | &nbsp;&nbsp;&nbsp;&nbsp; 24152385 |
|  |  | &nbsp;&nbsp;**$117679128** |

---

------

Tax-Managed Growth Portfolio<br>

September 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Oil, Gas & Consumable Fuels — 2.4% | Oil, Gas & Consumable Fuels — 2.4% | Oil, Gas & Consumable Fuels — 2.4% |
| Antero Resources Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;328489 | &nbsp;&nbsp;$11024091 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;149498 | &nbsp;&nbsp;&nbsp;&nbsp; 35129040 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;194215 | &nbsp;&nbsp;&nbsp;&nbsp; 18370797 |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;657802 | &nbsp;&nbsp;&nbsp;&nbsp; 74167175 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69217 | &nbsp;&nbsp;&nbsp;&nbsp; 13340885 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51669 | &nbsp;&nbsp;&nbsp;&nbsp; 7028017 |
|  |  | &nbsp;&nbsp;**$159060005** |
| Pharmaceuticals — 2.4% | Pharmaceuticals — 2.4% | Pharmaceuticals — 2.4% |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp;117876 | &nbsp;&nbsp;$5316208 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;119190 | &nbsp;&nbsp;&nbsp;&nbsp; 90941970 |
| Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;245520 | &nbsp;&nbsp;&nbsp;&nbsp; 45524318 |
| Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;202773 | &nbsp;&nbsp;&nbsp;&nbsp; 17018738 |
|  |  | &nbsp;&nbsp;**$158801234** |
| Professional Services — 0.6% | Professional Services — 0.6% | Professional Services — 0.6% |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68245 | &nbsp;&nbsp;$20029907 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40744 | &nbsp;&nbsp;&nbsp;&nbsp; 6105896 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46792 | &nbsp;&nbsp;&nbsp;&nbsp; 11768656 |
|  |  | &nbsp;&nbsp;**$37904459** |
| Semiconductors & Semiconductor Equipment — 12.3% | Semiconductors & Semiconductor Equipment — 12.3% | Semiconductors & Semiconductor Equipment — 12.3% |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;133698 | &nbsp;&nbsp;$32849599 |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;187182 | &nbsp;&nbsp;&nbsp;&nbsp; 38323643 |
| ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25500 | &nbsp;&nbsp;&nbsp;&nbsp; 24686295 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;249660 | &nbsp;&nbsp;&nbsp;&nbsp; 82365330 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; 33475000 |
| NVIDIA Corp. | 2854055 | &nbsp;&nbsp;&nbsp;&nbsp; 532509582 |
| QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;243937 | &nbsp;&nbsp;&nbsp;&nbsp; 40581359 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;158452 | &nbsp;&nbsp;&nbsp;&nbsp; 29112386 |
|  |  | &nbsp;&nbsp;**$813903194** |
| Software — 11.1% | Software — 11.1% | Software — 11.1% |
| Adobe, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80383 | &nbsp;&nbsp;$28355103 |
| Cadence Design Systems, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83984 | &nbsp;&nbsp;&nbsp;&nbsp; 29500220 |
| Fortinet, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp; 8408000 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;909092 | &nbsp;&nbsp;&nbsp;&nbsp; 470864201 |
| Nutanix, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;693000 | &nbsp;&nbsp;&nbsp;&nbsp; 51552270 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28496 | &nbsp;&nbsp;&nbsp;&nbsp; 8014215 |
| Palo Alto Networks, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;390264 | &nbsp;&nbsp;&nbsp;&nbsp; 79465556 |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25239 | &nbsp;&nbsp;&nbsp;&nbsp; 5981643 |
| ServiceNow, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55258 | &nbsp;&nbsp;&nbsp;&nbsp; 50852832 |
|  |  | &nbsp;&nbsp;**$732994040** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Specialty Retail — 2.7% | Specialty Retail — 2.7% | Specialty Retail — 2.7% |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;212443 | &nbsp;&nbsp;$53389050 |
| O'Reilly Automotive, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;531000 | &nbsp;&nbsp;&nbsp;&nbsp; 57247110 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;139505 | &nbsp;&nbsp;&nbsp;&nbsp; 21259167 |
| TJX Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;219657 | &nbsp;&nbsp;&nbsp;&nbsp; 31749223 |
| Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;250346 | &nbsp;&nbsp;&nbsp;&nbsp; 14237177 |
|  |  | &nbsp;&nbsp;**$177881727** |
| Technology Hardware, Storage & Peripherals — 6.4% | Technology Hardware, Storage & Peripherals — 6.4% | Technology Hardware, Storage & Peripherals — 6.4% |
| Apple, Inc. | 1664760 | &nbsp;&nbsp;$423897839 |
|  |  | &nbsp;&nbsp;**$423897839** |
| Tobacco — 0.3% | Tobacco — 0.3% | Tobacco — 0.3% |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;123525 | &nbsp;&nbsp;$20035755 |
|  |  | &nbsp;&nbsp;**$20035755** |
| Total Common Stocks<br> (identified cost $1,649,904,155) |  | &nbsp;&nbsp;**$6596880002** |

---

Short-Term Investments — 0.4%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.05%<sup>(2)</sup> | 22380027 | &nbsp;&nbsp;$22380027 |
| Total Short-Term Investments<br> (identified cost $22,380,027) |  | &nbsp;&nbsp;**$22380027** |
| Total Investments — 100.1%<br> (identified cost $1,672,284,182) |  | &nbsp;&nbsp;**$6619260029** |
| Other Assets, Less Liabilities — (0.1)% |  | &nbsp;&nbsp;**$(4446192)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$6614813837** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Non-income producing security. |
| <sup>(2)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2025. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ADR | – American Depositary Receipt |

---

------

Tax-Managed Growth Portfolio<br>

September 30, 2025

Portfolio of Investments (Unaudited) — continued

------

Affiliated Investments

At September 30, 2025, the value of the Portfolio's investments in funds that may be deemed to be affiliated was $22,380,027, which represents 0.4% of the Portfolio's net assets. Transactions in such investments by the Portfolio for the fiscal year to date ended September 30, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $2531254 | $266153928 | $(246305155) | $— | $— | $22380027 | $727092 | 22380027 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At September 30, 2025, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Common Stocks | &nbsp;&nbsp;$6,596,880,002\* | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$6596880002 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 22380027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22380027 |
| **Total Investments** | &nbsp;&nbsp;**$6619260029** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$6619260029** |

---

\* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

For information on the Portfolio's policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tax-Managed Growth Portfolio

- **b. Investment Company Act file number:** 811-07409

- **c. CIK number of Registrant:** 0001002667

- **d. LEI of Registrant:** 54930094FKDFSLVNKI39

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 617-482-8260

**Item A.2. Information about the Series.**

- **a. Name of Series:** TAX-MANAGED GROWTH PORTFOLIO

- **b. EDGAR series identifier (if any):** S000005248

- **c. LEI of Series:** 54930094FKDFSLVNKI39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $6617957979.02

**Total Liabilities:** $3157191.14

**Net Assets:** $6614800787.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014300 | 1.89%                | 2.05%                | 2.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39858083.57             | $77378618.07                               |
| Month 2  | $16794982.94             | $106392168.84                              |
| Month 3  | $326720.91               | $159790853.38                              |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### Schedule of Portfolio Investments

| Name                             | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cisco Systems Inc                | Cisco Systems Inc                                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    502988 | NS      | $34414438.96  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                   | Salesforce Inc                                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     25239 | NS      | $5981643.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                    | Blackrock Inc                                                       | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      7289 | NS      | $8498026.43   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                    | Accenture PLC                                                       | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    147397 | NS      | $36348100.20  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                       | AMETEK Inc                                                          | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     54862 | NS      | $10314056.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The             | Progressive Corp/The                                                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    151029 | NS      | $37296611.55  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc       | Vertex Pharmaceuticals Inc                                          | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     64684 | NS      | $25332841.76  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp               | Union Pacific Corp                                                  | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    148572 | NS      | $35117963.64  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                | Johnson & Johnson                                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    245520 | NS      | $45524318.40  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc  | Philip Morris International Inc                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    123525 | NS      | $20035755.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                 | Wells Fargo & Co                                                    | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    446596 | NS      | $37433676.72  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp          | Marathon Petroleum Corp                                             | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     69217 | NS      | $13340884.58  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                  | Schlumberger NV                                                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    202846 | NS      | $6971817.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                       | AbbVie Inc                                                          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    193103 | NS      | $44711068.62  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                | Tractor Supply Co                                                   | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    250346 | NS      | $14237177.02  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp            | Costco Wholesale Corp                                               | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     81331 | NS      | $75282413.53  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc            | Uber Technologies Inc                                               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    597498 | NS      | $58536879.06  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc         | Agilent Technologies Inc                                            | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    151400 | NS      | $19432190.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA            | Spotify Technology SA                                               | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     37600 | NS      | $26244800.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp            | General Dynamics Corp                                               | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     37550 | NS      | $12804550.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc              | Cheniere Energy Inc                                                 | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    149498 | NS      | $35129040.04  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD    | Marriott International Inc/MD                                       | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    140779 | NS      | $36664482.76  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                     | Moody's Corp                                                        | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     66944 | NS      | $31897477.12  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp            | Truist Financial Corp                                               | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    311559 | NS      | $14244477.48  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc            | Texas Instruments Inc                                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    158452 | NS      | $29112385.96  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                    | CME Group Inc                                                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     36417 | NS      | $9839509.23   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                     | Alphabet Inc                                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1006872 | NS      | $244770583.20 | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                      | Phillips 66                                                         | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     51669 | NS      | $7028017.38   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                         | Visa Inc                                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    212810 | NS      | $72649077.80  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                  | ASML Holding NV                                                     | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     25500 | NS      | $24686295.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp           | Boston Scientific Corp                                              | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    289826 | NS      | $28295712.38  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc       | Zimmer Biomet Holdings Inc                                          | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     76575 | NS      | $7542637.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                | Lam Research Corp                                                   | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    250000 | NS      | $33475000.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The          | Procter & Gamble Co/The                                             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    220699 | NS      | $33910401.35  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                   | Lowe's Cos Inc                                                      | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    212443 | NS      | $53389050.33  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp            | Norfolk Southern Corp                                               | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     64980 | NS      | $19520641.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                   | Microsoft Corp                                                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    909092 | NS      | $470864201.40 | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc    | Intercontinental Exchange Inc                                       | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     60970 | NS      | $10272225.60  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc            | Applied Materials Inc                                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    187182 | NS      | $38323642.68  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc          | Rockwell Automation Inc                                             | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     50722 | NS      | $17728860.66  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                     | Stryker Corp                                                        | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     72313 | NS      | $26731946.71  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                      | NVIDIA Corp                                                         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   2854055 | NS      | $532509581.90 | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                        | Adobe Inc                                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     80383 | NS      | $28355103.25  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc             | Waste Management Inc                                                | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    128692 | NS      | $28419054.36  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                     | Alphabet Inc                                                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    838031 | NS      | $204102450.05 | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc          | O'Reilly Automotive Inc                                             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    531000 | NS      | $57247110.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc            | DuPont de Nemours Inc                                               | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    136353 | NS      | $10621898.70  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The               | Walt Disney Co/The                                                  | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    534448 | NS      | $61194296.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                        | Linde PLC                                                           | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     72347 | NS      | $34364825.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc         | Marsh & McLennan Cos Inc                                            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     42223 | NS      | $8509201.19   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                      | Walmart Inc                                                         | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   1029000 | NS      | $106048740.00 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                     | Fortinet Inc                                                        | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    100000 | NS      | $8408000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                 | Exxon Mobil Corp                                                    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    657802 | NS      | $74167175.50  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                      | Nutanix Inc                                                         | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    693000 | NS      | $51552270.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD            | McCormick & Co Inc/MD                                               | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     95587 | NS      | $6395726.17   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                  | TJX Cos Inc/The                                                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    219657 | NS      | $31749222.78  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp            | Monster Beverage Corp                                               | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    142992 | NS      | $9624791.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc           | Berkshire Hathaway Inc                                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    350230 | NS      | $176074630.20 | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                 | Markel Group Inc                                                    | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      6362 | NS      | $12160072.32  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                      | Netflix Inc                                                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    127719 | NS      | $153124863.48 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc       | Cadence Design Systems Inc                                          | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     83984 | NS      | $29500219.84  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc           | Intuitive Surgical Inc                                              | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    101205 | NS      | $45261912.15  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                       | Ecolab Inc                                                          | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    110020 | NS      | $30130077.20  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                   | Mastercard Inc                                                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     36635 | NS      | $20838354.35  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                     | Broadcom Inc                                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    249660 | NS      | $82365330.60  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                        | Amgen Inc                                                           | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     97100 | NS      | $27401620.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp             | Bank of America Corp                                                | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    459518 | NS      | $23706533.62  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc             | Jacobs Solutions Inc                                                | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40744 | NS      | $6105895.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories              | Abbott Laboratories                                                 | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    410303 | NS      | $54955983.82  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                       | FedEx Corp                                                          | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     63353 | NS      | $14939270.93  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc              | Arista Networks Inc                                                 | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    726476 | NS      | $105854817.96 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp             | Parker-Hannifin Corp                                                | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     31857 | NS      | $24152384.55  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc   | GE HealthCare Technologies Inc                                      | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    135517 | NS      | $10177326.70  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The      | Goldman Sachs Group Inc/The                                         | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    123352 | NS      | $98231365.20  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                   | ServiceNow Inc                                                      | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     55258 | NS      | $50852832.24  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The          | Sherwin-Williams Co/The                                             | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    172482 | NS      | $59723617.32  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co              | General Electric Co                                                 | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    163119 | NS      | $49069457.58  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                       | Deere & Co                                                          | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     32269 | NS      | $14755322.94  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc               | Analog Devices Inc                                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    133698 | NS      | $32849598.60  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The          | Charles Schwab Corp/The                                             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    371381 | NS      | $35455744.07  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc          | Illinois Tool Works Inc                                             | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |    143086 | NS      | $37311105.36  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                        | Aflac Inc                                                           | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |    146622 | NS      | $16377677.40  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                 | Duke Energy Corp                                                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    423733 | NS      | $52436958.75  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc               | Meta Platforms Inc                                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    427889 | NS      | $314233123.82 | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                  | Ross Stores Inc                                                     | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    139505 | NS      | $21259166.95  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc            | Waste Connections Inc                                               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     87850 | NS      | $15444030.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                      | Oracle Corp                                                         | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     28496 | NS      | $8014215.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                         | RTX Corp                                                            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    156984 | NS      | $26268132.72  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                        | Argenx SE                                                           | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     41279 | NS      | $30445739.24  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                    | Boeing Co/The                                                       | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    283946 | NS      | $61284065.18  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                          | Aon PLC                                                             | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     27135 | NS      | $9675798.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  22380027 | NS      | $22380026.91  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                       | Dover Corp                                                          | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     91070 | NS      | $15193208.10  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp              | Carrier Global Corp                                                 | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    189214 | NS      | $11296075.80  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc           | Palo Alto Networks Inc                                              | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    390264 | NS      | $79465555.68  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                   | Starbucks Corp                                                      | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    361156 | NS      | $30553797.60  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co              | Emerson Electric Co                                                 | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    269079 | NS      | $35297783.22  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                  | Yum! Brands Inc                                                     | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     65883 | NS      | $10014216.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc    | Live Nation Entertainment Inc                                       | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    185000 | NS      | $30229000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The | Bank of New York Mellon Corp/The                                    | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    118456 | NS      | $12906965.76  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                  | Caterpillar Inc                                                     | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     55050 | NS      | $26267107.50  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                     | QUALCOMM Inc                                                        | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    243937 | NS      | $40581359.32  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc               | HCA Healthcare Inc                                                  | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     64083 | NS      | $27312174.60  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp            | Northrop Grumman Corp                                               | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     16117 | NS      | $9820410.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp           | Regions Financial Corp                                              | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    214298 | NS      | $5651038.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp            | Antero Resources Corp                                               | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    328489 | NS      | $11024090.84  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc             | Verisk Analytics Inc                                                | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     46792 | NS      | $11768655.92  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                        | Apple Inc                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1664760 | NS      | $423897838.80 | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                     | Danaher Corp                                                        | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     30361 | NS      | $6019371.86   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc          | Cboe Global Markets Inc                                             | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     75857 | NS      | $18603929.25  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc    | Automatic Data Processing Inc                                       | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     68245 | NS      | $20029907.50  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp              | Fifth Third Bancorp                                                 | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    490280 | NS      | $21841974.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The            | Travelers Cos Inc/The                                               | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     20353 | NS      | $5682964.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc             | Booking Holdings Inc                                                | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     15827 | NS      | $85454246.29  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                   | Merck & Co Inc                                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    202773 | NS      | $17018737.89  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co             | Colgate-Palmolive Co                                                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    397371 | NS      | $31765837.74  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                   | S&P Global Inc                                                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     32008 | NS      | $15578613.68  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                   | Eli Lilly & Co                                                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    119190 | NS      | $90941970.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co          | Arthur J Gallagher & Co                                             | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     47054 | NS      | $14574505.96  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co              | JPMorgan Chase & Co                                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    514622 | NS      | $162327217.46 | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                   | Amazon.com Inc                                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1725700 | NS      | $378911949.00 | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                      | Hologic Inc                                                         | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    320000 | NS      | $21596800.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co          | Bristol-Myers Squibb Co                                             | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    117876 | NS      | $5316207.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co              | American Express Co                                                 | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    120073 | NS      | $39883447.68  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc        | CH Robinson Worldwide Inc                                           | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     70102 | NS      | $9281504.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp       | Capital One Financial Corp                                          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    147637 | NS      | $31384673.46  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                   | ConocoPhillips                                                      | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    194215 | NS      | $18370796.85  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Tax-Managed Growth Portfolio

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer