# EDGAR Filing Document

**Accession Number:** 0001535385
**File Stem:** 0001535385-25-000003
**Filing Date:** 2025-8
**Character Count:** 22710
**Document Hash:** 21fe33992594455756891610f39a9508
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001535385-25-000003.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001535385-25-000003

**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:** Artemis Investment Management LLP
- **CENTRAL INDEX KEY:** 0001535385

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16284
- **FILM NUMBER:** 251200779

**BUSINESS ADDRESS:**
- **STREET 1:** 50, LOTHIAN ROAD
- **CITY:** EDINBURGH
- **STATE:** X0
- **ZIP:** EH3 9BY
- **BUSINESS PHONE:** 011441317180407

**MAIL ADDRESS:**
- **STREET 1:** 50, LOTHIAN ROAD
- **CITY:** EDINBURGH
- **STATE:** X0
- **ZIP:** EH3 9BY

### 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:** Artemis Investment Management LLP<br>**Address:** 50 LOTHIAN ROAD<br>EDINBURGH, X0 EH3 9BY

**Form 13F File Number:** 028-16284

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:** Andy Main<br>**Title:** Data Analyst<br>**Phone:** 01317180414

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

Andy Main  Edinburgh, X0  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:** 192

**Form 13F Information Table Value Total:** $7806028636

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 125960990 | 678596 | SH |  | SOLE |  | 678596 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 21972364 | 154844 | SH |  | SOLE |  | 154844 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 48154074 | 696472 | SH |  | SOLE |  | 696472 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 42497934 | 356475 | SH |  | SOLE |  | 356475 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 40452248 | 213660 | SH |  | SOLE |  | 213660 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 57754832 | 286895 | SH |  | SOLE |  | 286895 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 25151261 | 645732 | SH |  | SOLE |  | 645732 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 136815103 | 776344 | SH |  | SOLE |  | 776344 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 16081447 | 274287 | SH |  | SOLE |  | 274287 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 208954056 | 952432 | SH |  | SOLE |  | 952432 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 721052 | 18603 | SH |  | SOLE |  | 18603 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 10326659 | 32374 | SH |  | SOLE |  | 32374 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 25806840 | 301517 | SH |  | SOLE |  | 301517 | 0 | 0 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 21881985 | 480184 | SH |  | SOLE |  | 480184 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 22895073 | 64175 | SH |  | SOLE |  | 64175 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 20362977 | 398883 | SH |  | SOLE |  | 398883 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 48330666 | 235564 | SH |  | SOLE |  | 235564 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3071551 | 30022 | SH |  | SOLE |  | 30022 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 54381583 | 65683 | SH |  | SOLE |  | 65683 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 54863162 | 602164 | SH |  | SOLE |  | 602164 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 7933610 | 168585 | SH |  | SOLE |  | 168585 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 56051220 | 519811 | SH |  | SOLE |  | 519811 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 60778998 | 2540928 | SH |  | SOLE |  | 2540928 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 47090968 | 309809 | SH |  | SOLE |  | 309809 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 92889915 | 336985 | SH |  | SOLE |  | 336985 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 53090076 | 228207 | SH |  | SOLE |  | 228207 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 23809941 | 320759 | SH |  | SOLE |  | 320759 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 21433260 | 270383 | SH |  | SOLE |  | 270383 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 174540432 | 820363 | SH |  | SOLE |  | 820363 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 9643368 | 57401 | SH |  | SOLE |  | 57401 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 74584223 | 2652355 | SH |  | SOLE |  | 2652355 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 11294316 | 134089 | SH |  | SOLE |  | 134089 | 0 | 0 |
| CBIZ INC | COM | 124805102 |  | 40256632 | 561381 | SH |  | SOLE |  | 561381 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 9969413 | 33248 | SH |  | SOLE |  | 33248 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 39284429 | 1069255 | SH |  | SOLE |  | 1069255 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 15951461 | 72097 | SH |  | SOLE |  | 72097 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 28229188 | 502746 | SH |  | SOLE |  | 502746 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 18915416 | 272635 | SH |  | SOLE |  | 272635 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 101376218 | 1190980 | SH |  | SOLE |  | 1190980 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 20175444 | 291216 | SH |  | SOLE |  | 291216 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 60083376 | 849235 | SH |  | SOLE |  | 849235 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 23377124 | 262046 | SH |  | SOLE |  | 262046 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 120824199 | 225330 | SH |  | SOLE |  | 225330 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 50449970 | 156308 | SH |  | SOLE |  | 156308 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 75632355 | 711633 | SH |  | SOLE |  | 711633 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 19734666 | 179455 | SH |  | SOLE |  | 179455 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 26798010 | 546118 | SH |  | SOLE |  | 546118 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 100221193 | 1660666 | SH |  | SOLE |  | 1660666 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 25023067 | 1465909 | SH |  | SOLE |  | 1465909 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 57889761 | 776731 | SH |  | SOLE |  | 776731 | 0 | 0 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 86543507 | 455756 | SH |  | SOLE |  | 455756 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 36523392 | 163401 | SH |  | SOLE |  | 163401 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 31856344 | 347019 | SH |  | SOLE |  | 347019 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 37571713 | 190198 | SH |  | SOLE |  | 190198 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 10382653 | 100734 | SH |  | SOLE |  | 100734 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 65565550 | 2211023 | SH |  | SOLE |  | 2211023 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 26572615 | 214278 | SH |  | SOLE |  | 214278 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY P | SHS NEW | G2891G204 |  | 17772764 | 1211504 | SH |  | SOLE |  | 1211504 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 2032507 | 135230 | SH |  | SOLE |  | 135230 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 27309516 | 494648 | SH |  | SOLE |  | 494648 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 1870326 | 9254 | SH |  | SOLE |  | 9254 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 56086699 | 157110 | SH |  | SOLE |  | 157110 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 36396346 | 488804 | SH |  | SOLE |  | 488804 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 56201774 | 72097 | SH |  | SOLE |  | 72097 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 45277994 | 795607 | SH |  | SOLE |  | 795607 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 11049421 | 42601 | SH |  | SOLE |  | 42601 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2795687 | 49834 | SH |  | SOLE |  | 49834 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 29206488 | 549614 | SH |  | SOLE |  | 549614 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 9647784 | 82502 | SH |  | SOLE |  | 82502 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 928489 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 5965806 | 73281 | SH |  | SOLE |  | 73281 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 50292866 | 1044938 | SH |  | SOLE |  | 1044938 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 34552688 | 200410 | SH |  | SOLE |  | 200410 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 55214714 | 1076940 | SH |  | SOLE |  | 1076940 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 131686671 | 463125 | SH |  | SOLE |  | 463125 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 59884037 | 1381408 | SH |  | SOLE |  | 1381408 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 5087868 | 68690 | SH |  | SOLE |  | 68690 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 21735365 | 41076 | SH |  | SOLE |  | 41076 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 41873970 | 850924 | SH |  | SOLE |  | 850924 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 6668831 | 60150 | SH |  | SOLE |  | 60150 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 2578584 | 28386 | SH |  | SOLE |  | 28386 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 41614825 | 705097 | SH |  | SOLE |  | 705097 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 66529916 | 94002 | SH |  | SOLE |  | 94002 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 15814778 | 78614 | SH |  | SOLE |  | 78614 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 6536417 | 125652 | SH |  | SOLE |  | 125652 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2642241 | 6897 | SH |  | SOLE |  | 6897 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 816305 | 10647 | SH |  | SOLE |  | 10647 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 12122224 | 36958 | SH |  | SOLE |  | 36958 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 72356256 | 522277 | SH |  | SOLE |  | 522277 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 82124231 | 2132543 | SH |  | SOLE |  | 2132543 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 43190227 | 162162 | SH |  | SOLE |  | 162162 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 34699120 | 149000 | SH | Call | SOLE |  | 149000 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 20916981 | 1969928 | SH |  | SOLE |  | 1969928 | 0 | 0 |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 |  | 10819410 | 3039160 | SH |  | SOLE |  | 3039160 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 18727738 | 399909 | SH |  | SOLE |  | 399909 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 19839899 | 36510 | SH |  | SOLE |  | 36510 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 8552765 | 587012 | SH |  | SOLE |  | 587012 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 70669652 | 1292186 | SH |  | SOLE |  | 1292186 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4637490 | 30360 | SH |  | SOLE |  | 30360 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 77175732 | 301727 | SH |  | SOLE |  | 301727 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 17222104 | 59405 | SH |  | SOLE |  | 59405 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 98074186 | 6274740 | SH |  | SOLE |  | 6274740 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 20645110 | 42664 | SH |  | SOLE |  | 42664 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 31674392 | 279291 | SH |  | SOLE |  | 279291 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 9685515 | 72807 | SH |  | SOLE |  | 72807 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 59988560 | 818063 | SH |  | SOLE |  | 818063 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 67367165 | 692081 | SH |  | SOLE |  | 692081 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 3041297 | 19278 | SH |  | SOLE |  | 19278 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 40519353 | 387745 | SH |  | SOLE |  | 387745 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 45346180 | 299750 | SH |  | SOLE |  | 299750 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 37168901 | 99125 | SH |  | SOLE |  | 99125 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 39128559 | 201704 | SH |  | SOLE |  | 201704 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 242337 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 53858577 | 95844 | SH |  | SOLE |  | 95844 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 4313876 | 5887 | SH |  | SOLE |  | 5887 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 184295906 | 249693 | SH |  | SOLE |  | 249693 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 25519529 | 207055 | SH |  | SOLE |  | 207055 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 312394371 | 628042 | SH |  | SOLE |  | 628042 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 65213681 | 3028968 | SH |  | SOLE |  | 3028968 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 61163129 | 4457954 | SH |  | SOLE |  | 4457954 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 24595466 | 49035 | SH |  | SOLE |  | 49035 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 281288 | 669 | SH |  | SOLE |  | 669 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 10464930 | 25725 | SH |  | SOLE |  | 25725 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 20076323 | 118837 | SH |  | SOLE |  | 118837 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 16468621 | 12298 | SH |  | SOLE |  | 12298 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 40386875 | 1001162 | SH |  | SOLE |  | 1001162 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 7072111 | 515460 | SH |  | SOLE |  | 515460 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 45508687 | 621279 | SH |  | SOLE |  | 621279 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 364163158 | 2304976 | SH |  | SOLE |  | 2304976 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 19380391 | 436692 | SH |  | SOLE |  | 436692 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 250413 | 4811 | SH |  | SOLE |  | 4811 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 7098843 | 71691 | SH |  | SOLE |  | 71691 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 20764541 | 2153998 | SH |  | SOLE |  | 2153998 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 49542786 | 321185 | SH |  | SOLE |  | 321185 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 78355063 | 112181 | SH |  | SOLE |  | 112181 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 7243391 | 82810 | SH |  | SOLE |  | 82810 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 31505822 | 2518451 | SH |  | SOLE |  | 2518451 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 16935082 | 698642 | SH |  | SOLE |  | 698642 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 9882374 | 54260 | SH |  | SOLE |  | 54260 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 4738733 | 105352 | SH |  | SOLE |  | 105352 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 58279035 | 527842 | SH |  | SOLE |  | 527842 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 59581357 | 3066462 | SH |  | SOLE |  | 3066462 | 0 | 0 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 71223936 | 653131 | SH |  | SOLE |  | 653131 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 16042238 | 147136 | SH |  | SOLE |  | 147136 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 12480447 | 45604 | SH |  | SOLE |  | 45604 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 51135655 | 656090 | SH |  | SOLE |  | 656090 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 5669084 | 35583 | SH |  | SOLE |  | 35583 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 32915580 | 123344 | SH |  | SOLE |  | 123344 | 0 | 0 |
| QIFU TECHNOLOGY INC | AMERICAN DEP | 88557W101 |  | 38679852 | 892063 | SH |  | SOLE |  | 892063 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 12025404 | 75508 | SH |  | SOLE |  | 75508 | 0 | 0 |
| QUANEX BLDG PRODS CORP | COM | 747619104 |  | 6269414 | 331715 | SH |  | SOLE |  | 331715 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 40137964 | 223448 | SH |  | SOLE |  | 223448 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 31700855 | 254871 | SH |  | SOLE |  | 254871 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 211998 | 374 | SH |  | SOLE |  | 374 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 377647 | 1206 | SH |  | SOLE |  | 1206 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 13730407 | 94031 | SH |  | SOLE |  | 94031 | 0 | 0 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 23346406 | 343380 | SH |  | SOLE |  | 343380 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 81651839 | 1415846 | SH |  | SOLE |  | 1415846 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 2690308 | 9819 | SH |  | SOLE |  | 9819 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 12046626 | 44177 | SH |  | SOLE |  | 44177 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 68118131 | 471961 | SH |  | SOLE |  | 471961 | 0 | 0 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 31287342 | 315683 | SH |  | SOLE |  | 315683 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 172039082 | 1070161 | SH |  | SOLE |  | 1070161 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 10074446 | 233475 | SH |  | SOLE |  | 233475 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 24763060 | 110663 | SH |  | SOLE |  | 110663 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 67946020 | 998472 | SH |  | SOLE |  | 998472 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 14495340 | 113236 | SH |  | SOLE |  | 113236 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 67678050 | 171064 | SH |  | SOLE |  | 171064 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 13053343 | 195585 | SH |  | SOLE |  | 195585 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 8320284 | 16229 | SH |  | SOLE |  | 16229 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 18199151 | 80353 | SH |  | SOLE |  | 80353 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 43972566 | 151228 | SH |  | SOLE |  | 151228 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 18467164 | 58135 | SH |  | SOLE |  | 58135 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 26845686 | 746543 | SH |  | SOLE |  | 746543 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 180292225 | 868376 | SH |  | SOLE |  | 868376 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 15732659 | 38802 | SH |  | SOLE |  | 38802 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 6570656 | 53208 | SH |  | SOLE |  | 53208 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 14245774 | 1319725 | SH |  | SOLE |  | 1319725 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 65240018 | 42903 | SH |  | SOLE |  | 42903 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 2300868 | 41131 | SH |  | SOLE |  | 41131 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 3973021 | 17268 | SH |  | SOLE |  | 17268 | 0 | 0 |
| US FOODS HLDG CORP | COM | 912008109 |  | 34996039 | 454435 | SH |  | SOLE |  | 454435 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 259791 | 834 | SH |  | SOLE |  | 834 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 13858516 | 320280 | SH |  | SOLE |  | 320280 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 22365837 | 85752 | SH |  | SOLE |  | 85752 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2513293 | 218928 | SH |  | SOLE |  | 218928 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 24893712 | 254589 | SH |  | SOLE |  | 254589 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 155091970 | 1935746 | SH |  | SOLE |  | 1935746 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 54772113 | 855948 | SH |  | SOLE |  | 855948 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 5629796 | 62563 | SH |  | SOLE |  | 62563 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 5226018 | 116887 | SH |  | SOLE |  | 116887 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 20345705 | 130463 | SH |  | SOLE |  | 130463 | 0 | 0 |

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