# EDGAR Filing Document

**Accession Number:** 0001376772
**File Stem:** 0001376772-25-000004
**Filing Date:** 2025-8
**Character Count:** 17100
**Document Hash:** 831a4be838aea79a21d3a1039f3cc574
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376772-25-000004.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001376772-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dorsey Wright & Associates
- **CENTRAL INDEX KEY:** 0001376772

**ORGANIZATION NAME:**
- **EIN:** 541395937
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12076
- **FILM NUMBER:** 251201690

**BUSINESS ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 550
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 626-535-0630

**MAIL ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 550
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Dorsey Wright  Associates<br>**Address:** 790 EAST COLORADO BLVD. STE. 550<br>PASADENA, CA 91101

**Form 13F File Number:** 028-12076

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:** Lisa Johnson<br>**Title:** Chief Compliance Officer<br>**Phone:** 3019788346

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

Lisa Johnson  Rockville, MD  08-11-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 133

**Form 13F Information Table Value Total:** $420529000

      (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 |
| 21VIANET GROUP INC SPONSORED A | COM | 90138A103 |  | 1581000 | 229183 | SH |  | SOLE |  | 229183 | 0 | 0 |
| A T  T INC (NEW) | COM | 00206R102 |  | 332000 | 11475 | SH |  | SOLE |  | 11475 | 0 | 0 |
| AEGON LTD AMER REG 1 CERT | COM | 0076CA104 |  | 1287000 | 177733 | SH |  | SOLE |  | 177733 | 0 | 0 |
| AFLAC INC COM | COM | 001055102 |  | 4502000 | 42686 | SH |  | SOLE |  | 42686 | 1139 | 0 |
| AMERICAN ELECTRIC POWER | COM | 025537101 |  | 317000 | 3057 | SH |  | SOLE |  | 3057 | 0 | 0 |
| AMPHENOL CORP NEW CL A | COM | 032095101 |  | 7109000 | 71986 | SH |  | SOLE |  | 71986 | 88 | 0 |
| ANTERO MIDSTREAM CORP COM | COM | 03676B102 |  | 355000 | 18743 | SH |  | SOLE |  | 18743 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | COM | 040413205 |  | 289000 | 2820 | SH |  | SOLE |  | 2820 | 2820 | 0 |
| ASCENDIS PHARMA A/S SPONSORED | COM | 04351P101 |  | 1600000 | 9272 | SH |  | SOLE |  | 9272 | 0 | 0 |
| AUTOMATIC DATA PROCESSING COM | COM | 053015103 |  | 287000 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| AXON ENTERPRISE INC COM | COM | 05464C101 |  | 7624000 | 9208 | SH |  | SOLE |  | 9208 | 378 | 0 |
| BANCO BILBAO VIZCAYA ARGENTASP | COM | 05946K101 |  | 2377000 | 154639 | SH |  | SOLE |  | 154639 | 0 | 0 |
| BANCO MACRO SA SPON ADR B | COM | 05961W105 |  | 2259000 | 32170 | SH |  | SOLE |  | 32170 | 0 | 0 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 7915000 | 86878 | SH |  | SOLE |  | 86878 | 0 | 0 |
| BARCLAYS PLC ADR | COM | 06738E204 |  | 2144000 | 115319 | SH |  | SOLE |  | 115319 | 0 | 0 |
| BELLRING BRANDS INC COMMON STO | COM | 07831C103 |  | 3011000 | 51969 | SH |  | SOLE |  | 51969 | 3731 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL | COM | 084670702 |  | 4492000 | 9247 | SH |  | SOLE |  | 9247 | 239 | 0 |
| BJS WHSL CLUB HLDGS INC COM | COM | 05550J101 |  | 1456000 | 13505 | SH |  | SOLE |  | 13505 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 1636000 | 15232 | SH |  | SOLE |  | 15232 | 0 | 0 |
| BRIGHTEC INC COM | COM | 10921P109 |  | 0 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 7923000 | 28742 | SH |  | SOLE |  | 28742 | 30 | 0 |
| BROWN  BROWN INC COM | COM | 115236101 |  | 4336000 | 39113 | SH |  | SOLE |  | 39113 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 2485000 | 11682 | SH |  | SOLE |  | 11682 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 200000 | 1188 | SH |  | SOLE |  | 1188 | 1188 | 0 |
| CHECK POINT SOFTWARE TECH LTOR | COM | M22465104 |  | 1474000 | 6661 | SH |  | SOLE |  | 6661 | 0 | 0 |
| CNO FINL GROUP INC COM | COM | 12621E103 |  | 1344000 | 34843 | SH |  | SOLE |  | 34843 | 0 | 0 |
| COMPASS GROUP PLC | COM | 20449X401 |  | 1222000 | 36139 | SH |  | SOLE |  | 36139 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | COM | 21037T109 |  | 5369000 | 16634 | SH |  | SOLE |  | 16634 | 429 | 0 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 4294000 | 4338 | SH |  | SOLE |  | 4338 | 5 | 0 |
| CROWDSTRIKE HOLDINGS INC | COM | 22788C105 |  | 1765000 | 3466 | SH |  | SOLE |  | 3466 | 0 | 0 |
| CURTISS WRIGHT CORP COM | COM | 231561101 |  | 6487000 | 13277 | SH |  | SOLE |  | 13277 | 327 | 0 |
| DECKERS OUTDOOR CORP COM | COM | 243537107 |  | 250000 | 2430 | SH |  | SOLE |  | 2430 | 2430 | 0 |
| DEUTSCHE TELEKOM AG SPONSORED | COM | 251566105 |  | 1562000 | 42973 | SH |  | SOLE |  | 42973 | 0 | 0 |
| DT MIDSTREAM INC COMMON STOCK | COM | 23345M107 |  | 6945000 | 63188 | SH |  | SOLE |  | 63188 | 0 | 0 |
| DUOLINGO INC CL A COM | COM | 26603R106 |  | 2784000 | 6791 | SH |  | SOLE |  | 6791 | 0 | 0 |
| E ON SE SPONSORED ADR | COM | 268780103 |  | 1736000 | 94626 | SH |  | SOLE |  | 94626 | 0 | 0 |
| EATON CORP PLC SHS | COM | G29183103 |  | 237000 | 664 | SH |  | SOLE |  | 664 | 664 | 0 |
| EMBRAER S A SP ADR | COM | 29082A107 |  | 3603000 | 63312 | SH |  | SOLE |  | 63312 | 0 | 0 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 6625000 | 12385 | SH |  | SOLE |  | 12385 | 0 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 606000 | 10399 | SH |  | SOLE |  | 10399 | 4584 | 0 |
| EQUITABLE HLDGS INC COM | COM | 29452E101 |  | 1912000 | 34080 | SH |  | SOLE |  | 34080 | 0 | 0 |
| ERICSSON ADR B SEK 10 | COM | 294821608 |  | 1533000 | 180798 | SH |  | SOLE |  | 180798 | 0 | 0 |
| ESAB CORPORATION COM | COM | 29605J106 |  | 5629000 | 46691 | SH |  | SOLE |  | 46691 | 3230 | 0 |
| EVERCORE PARTNERS INC CLASS A | COM | 29977A105 |  | 414000 | 1534 | SH |  | SOLE |  | 1534 | 1533 | 0 |
| FACEBOOK INC CL A | COM | 30303M102 |  | 9769000 | 13235 | SH |  | SOLE |  | 13235 | 710 | 0 |
| FAIR ISAAC CORP COM | COM | 303250104 |  | 4952000 | 2709 | SH |  | SOLE |  | 2709 | 110 | 0 |
| FIDELITY NATIONAL FINANCIAL FN | COM | 31620R303 |  | 3145000 | 56093 | SH |  | SOLE |  | 56093 | 0 | 0 |
| FUTU HLDGS LTD SPON ADS CL A | COM | 36118L106 |  | 1382000 | 11182 | SH |  | SOLE |  | 11182 | 0 | 0 |
| GALLAGHER ARTHUR J  CO COM | COM | 363576109 |  | 10089000 | 31516 | SH |  | SOLE |  | 31516 | 17 | 0 |
| GE VERNOVA LLC COM | COM | 36828A101 |  | 8277000 | 15642 | SH |  | SOLE |  | 15642 | 282 | 0 |
| GENERAL ELECTRIC CO COM NEW | COM | 369604301 |  | 290000 | 1126 | SH |  | SOLE |  | 1126 | 1126 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 461000 | 651 | SH |  | SOLE |  | 651 | 0 | 0 |
| GRAINGER W W INC COM | COM | 384802104 |  | 4876000 | 4687 | SH |  | SOLE |  | 4687 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S ASP | COM | 399909100 |  | 2720000 | 53980 | SH |  | SOLE |  | 53980 | 0 | 0 |
| HARMONY GOLD MNG LTD SPONSORED | COM | 413216300 |  | 2191000 | 156801 | SH |  | SOLE |  | 156801 | 0 | 0 |
| HOULIHAN LOKEY INC CL A | COM | 441593100 |  | 4619000 | 25669 | SH |  | SOLE |  | 25669 | 12 | 0 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 3641000 | 19563 | SH |  | SOLE |  | 19563 | 0 | 0 |
| I B M | COM | 459200101 |  | 5217000 | 17698 | SH |  | SOLE |  | 17698 | 13 | 0 |
| INTERNATIONAL BANCSHARES CORCO | COM | 459044103 |  | 343000 | 5155 | SH |  | SOLE |  | 5155 | 0 | 0 |
| INTUIT COM | COM | 461202103 |  | 5238000 | 6650 | SH |  | SOLE |  | 6650 | 4 | 0 |
| INVESCO DB PRECIOUS METALS FUN | COM | 46140H502 |  | 2806000 | 37350 | SH |  | SOLE |  | 37350 | 0 | 0 |
| ISHARES INC MSCI EURZONE E | COM | 464286608 |  | 2976000 | 50061 | SH |  | SOLE |  | 50061 | 0 | 0 |
| ISHARES SILVER TRUST ISHARES | COM | 46428Q109 |  | 2575000 | 78481 | SH |  | SOLE |  | 78481 | 0 | 0 |
| ISHARES TR 1-3 YR TR BD E | COM | 464287457 |  | 1829000 | 22077 | SH |  | SOLE |  | 22077 | 0 | 0 |
| ISHARES TR 7-10 Y TR BD E | COM | 464287440 |  | 3070000 | 32058 | SH |  | SOLE |  | 32058 | 0 | 0 |
| ISHARES TR EUROPE ETF | COM | 464287861 |  | 2763000 | 43679 | SH |  | SOLE |  | 43679 | 0 | 0 |
| ISHARES TR IBOXX INV CP E | COM | 464287242 |  | 432000 | 3937 | SH |  | SOLE |  | 3937 | 0 | 0 |
| ISHARES TR TIPS BD ETF | COM | 464287176 |  | 554000 | 5030 | SH |  | SOLE |  | 5030 | 0 | 0 |
| ISHARES TR USA MOMENTUM F | COM | 46432F396 |  | 2822000 | 11744 | SH |  | SOLE |  | 11744 | 0 | 0 |
| KINGSOFT CLOUD HLDGS LTD ADS | COM | 49639K101 |  | 1094000 | 87347 | SH |  | SOLE |  | 87347 | 0 | 0 |
| KLA-TENCOR CORP COM | COM | 482480100 |  | 292000 | 326 | SH |  | SOLE |  | 326 | 12 | 0 |
| KROGER CO COM | COM | 501044101 |  | 1426000 | 19877 | SH |  | SOLE |  | 19877 | 0 | 0 |
| KT CORPORATION SPONSORED ADR | COM | 48268K101 |  | 1698000 | 81691 | SH |  | SOLE |  | 81691 | 0 | 0 |
| LILLY ELI AND COMPANY | COM | 532457108 |  | 365000 | 468 | SH |  | SOLE |  | 468 | 468 | 0 |
| MAKEMYTRIP LIMITED MAURITIUSSH | COM | V5633W109 |  | 1465000 | 14947 | SH |  | SOLE |  | 14947 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 4510000 | 8025 | SH |  | SOLE |  | 8025 | 5 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 208000 | 283 | SH |  | SOLE |  | 283 | 283 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 2036000 | 779 | SH |  | SOLE |  | 779 | 0 | 0 |
| MGIC INVT CORP WIS COM | COM | 552848103 |  | 380000 | 13635 | SH |  | SOLE |  | 13635 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP INSP | COM | 606822104 |  | 2336000 | 170297 | SH |  | SOLE |  | 170297 | 0 | 0 |
| MOODYS CORP COM | COM | 615369105 |  | 3790000 | 7555 | SH |  | SOLE |  | 7555 | 196 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 381000 | 905 | SH |  | SOLE |  | 905 | 38 | 0 |
| MP MATERIALS CORP COM CL A | COM | 553368101 |  | 2137000 | 64221 | SH |  | SOLE |  | 64221 | 0 | 0 |
| NATIONAL FUEL  GAS CO | COM | 636180101 |  | 1961000 | 23150 | SH |  | SOLE |  | 23150 | 0 | 0 |
| NETFLIX INC COM | COM | 64110L106 |  | 9225000 | 6889 | SH |  | SOLE |  | 6889 | 293 | 0 |
| NEWMARKET CORP COM | COM | 651587107 |  | 249000 | 361 | SH |  | SOLE |  | 361 | 361 | 0 |
| NEWS CORP NEW CL B | COM | 65249B208 |  | 3829000 | 111607 | SH |  | SOLE |  | 111607 | 2935 | 0 |
| NOKIA CORP SPONSORED ADR | COM | 654902204 |  | 1467000 | 283143 | SH |  | SOLE |  | 283143 | 0 | 0 |
| NRG ENERGY INC COM NEW | COM | 629377508 |  | 14872000 | 92617 | SH |  | SOLE |  | 92617 | 0 | 0 |
| NVIDIA CORP COM | COM | 67066G104 |  | 13978000 | 88474 | SH |  | SOLE |  | 88474 | 4520 | 0 |
| OLD REP INTL CORP COM | COM | 680223104 |  | 294000 | 7646 | SH |  | SOLE |  | 7646 | 84 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | COM | 69608A108 |  | 16396000 | 120275 | SH |  | SOLE |  | 120275 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 4147000 | 20266 | SH |  | SOLE |  | 20266 | 1504 | 0 |
| PAMPA ENERGIA S A SPONS ADR LV | COM | 697660207 |  | 2075000 | 29907 | SH |  | SOLE |  | 29907 | 0 | 0 |
| PEARSON PLC SPONSORED ADR | COM | 705015105 |  | 1174000 | 78634 | SH |  | SOLE |  | 78634 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | COM | 718172109 |  | 6587000 | 36169 | SH |  | SOLE |  | 36169 | 0 | 0 |
| POWERSHARES ETF TR II S L | COM | 46138E354 |  | 2615000 | 35909 | SH |  | SOLE |  | 35909 | 0 | 0 |
| PRIMERICA INC COM | COM | 74164M108 |  | 3624000 | 13243 | SH |  | SOLE |  | 13243 | 0 | 0 |
| PROSUS N V SPONSORED ADR | COM | 74365P108 |  | 1421000 | 127544 | SH |  | SOLE |  | 127544 | 0 | 0 |
| QIFU TECHNOLOGY INC AMERICAN D | COM | 88557W101 |  | 2420000 | 55818 | SH |  | SOLE |  | 55818 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | COM | 75513E101 |  | 291000 | 1996 | SH |  | SOLE |  | 1996 | 0 | 0 |
| RELX PLC SPONSORED ADR | COM | 759530108 |  | 1883000 | 34650 | SH |  | SOLE |  | 34650 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD CO | COM | V7780T103 |  | 6572000 | 20988 | SH |  | SOLE |  | 20988 | 0 | 0 |
| SABRA HEALTH CARE REIT INC COM | COM | 78573L106 |  | 329000 | 17839 | SH |  | SOLE |  | 17839 | 0 | 0 |
| SAP SE SPON ADR | COM | 803054204 |  | 2250000 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| SEA LTD SPONSORD ADS | COM | 81141R100 |  | 2240000 | 14008 | SH |  | SOLE |  | 14008 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI INT- | COM | 81369Y605 |  | 2511000 | 47939 | SH |  | SOLE |  | 47939 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI INT- | COM | 81369Y704 |  | 3168000 | 21478 | SH |  | SOLE |  | 21478 | 0 | 0 |
| SIEMENS A G SPONSORED ADR | COM | 826197501 |  | 1664000 | 13028 | SH |  | SOLE |  | 13028 | 0 | 0 |
| SLM CORP COM | COM | 78442P106 |  | 2070000 | 63129 | SH |  | SOLE |  | 63129 | 0 | 0 |
| SPDR GOLD TRUST GOLD SHS | COM | 78463V107 |  | 2928000 | 9606 | SH |  | SOLE |  | 9606 | 0 | 0 |
| SPDR INDEX SHS FDS S INTL ET | COM | 78463X772 |  | 2812000 | 66718 | SH |  | SOLE |  | 66718 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | COM | 85208M102 |  | 9544000 | 57969 | SH |  | SOLE |  | 57969 | 2748 | 0 |
| SUMITOMO MITSUI FINL GROUP ISP | COM | 86562M209 |  | 1470000 | 97309 | SH |  | SOLE |  | 97309 | 0 | 0 |
| T MOBILE US INC COM | COM | 872590104 |  | 1667000 | 6997 | SH |  | SOLE |  | 6997 | 0 | 0 |
| TAPESTRY INC COM | COM | 876030107 |  | 371000 | 4228 | SH |  | SOLE |  | 4228 | 0 | 0 |
| TARGA RES CORP COM | COM | 87612G101 |  | 6271000 | 36021 | SH |  | SOLE |  | 36021 | 0 | 0 |
| TENCENT HLDGS LTD ADR | COM | 88032Q109 |  | 1648000 | 25727 | SH |  | SOLE |  | 25727 | 0 | 0 |
| TEXAS ROADHOUSE INC COM | COM | 882681109 |  | 285000 | 1520 | SH |  | SOLE |  | 1520 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | COM | G8994E103 |  | 7361000 | 16829 | SH |  | SOLE |  | 16829 | 32 | 0 |
| TRANSDIGM GROUP INC COM | COM | 893641100 |  | 5239000 | 3445 | SH |  | SOLE |  | 3445 | 149 | 0 |
| TRIP COM GROUP LTD ADS | COM | 89677Q107 |  | 957000 | 16322 | SH |  | SOLE |  | 16322 | 0 | 0 |
| UNITED CONTL HLDGS INC COM | COM | 910047109 |  | 3668000 | 46066 | SH |  | SOLE |  | 46066 | 0 | 0 |
| UNUMPROVIDENT CORP COM | COM | 91529Y106 |  | 6356000 | 78702 | SH |  | SOLE |  | 78702 | 44 | 0 |
| UP FINTECH HLDG LTD SPONSORED | COM | 91531W106 |  | 2137000 | 221433 | SH |  | SOLE |  | 221433 | 0 | 0 |
| VENTAS INC COM | COM | 92276F100 |  | 265000 | 4190 | SH |  | SOLE |  | 4190 | 0 | 0 |
| VERONA PHARMA PLC SPONSORED AD | COM | 925050106 |  | 4080000 | 43134 | SH |  | SOLE |  | 43134 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 9324000 | 48108 | SH |  | SOLE |  | 48108 | 0 | 0 |
| WELLS FARGO  CO NEW COM | COM | 949746101 |  | 7375000 | 92052 | SH |  | SOLE |  | 92052 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 1538000 | 10006 | SH |  | SOLE |  | 10006 | 0 | 0 |
| WILLIS TOWERS WATSON PUB LTDSH | COM | G96629103 |  | 2983000 | 9734 | SH |  | SOLE |  | 9734 | 0 | 0 |
| XPO LOGISTICS INC COM | COM | 983793100 |  | 205000 | 1622 | SH |  | SOLE |  | 1622 | 1622 | 0 |
| YPF SOCIEDAD ANONIMA YACIMIESP | COM | 984245100 |  | 2270000 | 72182 | SH |  | SOLE |  | 72182 | 0 | 0 |

---