# EDGAR Filing Document

**Accession Number:** 0001535385
**File Stem:** 0001535385-26-000001
**Filing Date:** 2026-2
**Character Count:** 21928
**Document Hash:** 31be5dc6decb3ff3edb372fde7f68dc3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001535385-26-000001.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001535385-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**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:** 26586257

**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:** 12-31-2025

**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  02-02-2026<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 184

**Form 13F Information Table Value Total:** $8277358360

      (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 |
| AAR CORP | COM | 000361105 |  | 1230177 | 14859 | SH |  | SOLE |  | 14859 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 160856503 | 703998 | SH |  | SOLE |  | 703998 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 31941322 | 149147 | SH |  | SOLE |  | 149147 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 59093029 | 793941 | SH |  | SOLE |  | 793941 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 956719 | 9171 | SH |  | SOLE |  | 9171 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 96875279 | 571247 | SH |  | SOLE |  | 571247 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 52556406 | 358551 | SH |  | SOLE |  | 358551 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 30157796 | 665882 | SH |  | SOLE |  | 665882 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 259828499 | 830123 | SH |  | SOLE |  | 830123 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 12210947 | 211775 | SH |  | SOLE |  | 211775 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 170791797 | 739935 | SH |  | SOLE |  | 739935 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 6798573 | 79469 | SH |  | SOLE |  | 79469 | 0 | 0 |
| AMERIS BANCORP | COM | 03076K108 |  | 1666693 | 22441 | SH |  | SOLE |  | 22441 | 0 | 0 |
| AMNEAL PHARMACEUTICALS INC | COM STK CL A | 03168L105 |  | 1573727 | 124899 | SH |  | SOLE |  | 124899 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 3661189 | 464029 | SH |  | SOLE |  | 464029 | 0 | 0 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 20482892 | 240184 | SH |  | SOLE |  | 240184 | 0 | 0 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 1706446 | 21617 | SH |  | SOLE |  | 21617 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 14548890 | 41229 | SH |  | SOLE |  | 41229 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 15722220 | 410931 | SH |  | SOLE |  | 410931 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 133237499 | 490096 | SH |  | SOLE |  | 490096 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 42795003 | 166524 | SH |  | SOLE |  | 166524 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 26923215 | 772324 | SH |  | SOLE |  | 772324 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3715487 | 28356 | SH |  | SOLE |  | 28356 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 2074520 | 17477 | SH |  | SOLE |  | 17477 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 5928342 | 1748 | SH |  | SOLE |  | 1748 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 75991306 | 133804 | SH |  | SOLE |  | 133804 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 90262181 | 777519 | SH |  | SOLE |  | 777519 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 41055206 | 556645 | SH |  | SOLE |  | 556645 | 0 | 0 |
| BANKUNITED INC | COM | 06652K103 |  | 73655446 | 1652579 | SH |  | SOLE |  | 1652579 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 23343715 | 536021 | SH |  | SOLE |  | 536021 | 0 | 0 |
| BEACON FINANCIAL CORP. | COM | 084680107 |  | 1921028 | 72849 | SH |  | SOLE |  | 72849 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 39922452 | 226845 | SH |  | SOLE |  | 226845 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 10008095 | 111164 | SH |  | SOLE |  | 111164 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 35265002 | 405858 | SH |  | SOLE |  | 405858 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 21704928 | 122995 | SH |  | SOLE |  | 122995 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 2253270 | 50006 | SH |  | SOLE |  | 50006 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 93896217 | 1740753 | SH |  | SOLE |  | 1740753 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 36923679 | 106685 | SH |  | SOLE |  | 106685 | 0 | 0 |
| BUCKLE INC | COM | 118440106 |  | 1816654 | 34007 | SH |  | SOLE |  | 34007 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 42018432 | 145468 | SH |  | SOLE |  | 145468 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 3979333 | 54045 | SH |  | SOLE |  | 54045 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 160016251 | 660242 | SH |  | SOLE |  | 660242 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 70739265 | 344230 | SH |  | SOLE |  | 344230 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 108602836 | 3556085 | SH |  | SOLE |  | 3556085 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 13758922 | 40737 | SH |  | SOLE |  | 40737 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 61185541 | 1595867 | SH |  | SOLE |  | 1595867 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 2102101 | 27180 | SH |  | SOLE |  | 27180 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 11178506 | 60242 | SH |  | SOLE |  | 60242 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 143896200 | 1868054 | SH |  | SOLE |  | 1868054 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 132301488 | 1133786 | SH |  | SOLE |  | 1133786 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 142990601 | 2448050 | SH |  | SOLE |  | 2448050 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 12062995 | 172501 | SH |  | SOLE |  | 172501 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 13133153 | 187858 | SH |  | SOLE |  | 187858 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 33858259 | 183444 | SH |  | SOLE |  | 183444 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 49646362 | 53195 | SH |  | SOLE |  | 53195 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 103961933 | 1501906 | SH |  | SOLE |  | 1501906 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 50462853 | 142845 | SH |  | SOLE |  | 142845 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 76920375 | 708617 | SH |  | SOLE |  | 708617 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 54486291 | 451756 | SH |  | SOLE |  | 451756 | 0 | 0 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 92079260 | 499264 | SH |  | SOLE |  | 499264 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 63654591 | 221793 | SH |  | SOLE |  | 221793 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 72799334 | 583328 | SH |  | SOLE |  | 583328 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 5940175 | 74851 | SH |  | SOLE |  | 74851 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 11668052 | 50970 | SH |  | SOLE |  | 50970 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 142317659 | 3663603 | SH |  | SOLE |  | 3663603 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 2720144 | 222780 | SH |  | SOLE |  | 222780 | 0 | 0 |
| DIVERSIFIED ENERGY CO | COMMON STOCK | 25520W107 |  | 37554962 | 2595577 | SH |  | SOLE |  | 2595577 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 1493566 | 16846 | SH |  | SOLE |  | 16846 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 19560772 | 451333 | SH |  | SOLE |  | 451333 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 55692837 | 2461018 | SH |  | SOLE |  | 2461018 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 3213964 | 89423 | SH |  | SOLE |  | 89423 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 93191951 | 86716 | SH |  | SOLE |  | 86716 | 0 | 0 |
| ELLINGTON FINANCIAL INC | COM | 28852N109 |  | 2654116 | 195443 | SH |  | SOLE |  | 195443 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 13204154 | 205129 | SH |  | SOLE |  | 205129 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 14362541 | 507672 | SH |  | SOLE |  | 507672 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 69985002 | 205687 | SH |  | SOLE |  | 205687 | 0 | 0 |
| FB FINL CORP | COM | 30257X104 |  | 1875047 | 33603 | SH |  | SOLE |  | 33603 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 15559468 | 380986 | SH |  | SOLE |  | 380986 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 90318721 | 3779026 | SH |  | SOLE |  | 3779026 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 66139920 | 1154879 | SH |  | SOLE |  | 1154879 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 45897850 | 2754973 | SH |  | SOLE |  | 2754973 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 64698114 | 298430 | SH |  | SOLE |  | 298430 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 1335523 | 55903 | SH |  | SOLE |  | 55903 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 45509770 | 896038 | SH |  | SOLE |  | 896038 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 61251927 | 93719 | SH |  | SOLE |  | 93719 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 3338089 | 122769 | SH |  | SOLE |  | 122769 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 158267098 | 1946226 | SH |  | SOLE |  | 1946226 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 6715351 | 54712 | SH |  | SOLE |  | 54712 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 64486729 | 738595 | SH |  | SOLE |  | 738595 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 85887090 | 97710 | SH |  | SOLE |  | 97710 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 3589075 | 17256 | SH |  | SOLE |  | 17256 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 7712311 | 114596 | SH |  | SOLE |  | 114596 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 3037391 | 6506 | SH |  | SOLE |  | 6506 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 44728839 | 2330841 | SH |  | SOLE |  | 2330841 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 14294339 | 310207 | SH |  | SOLE |  | 310207 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 17524548 | 61008 | SH |  | SOLE |  | 61008 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 113355264 | 5709453 | SH |  | SOLE |  | 5709453 | 0 | 0 |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 |  | 17653788 | 5001073 | SH |  | SOLE |  | 5001073 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 9053634 | 229846 | SH |  | SOLE |  | 229846 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 52809506 | 234282 | SH |  | SOLE |  | 234282 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 14532650 | 384767 | SH |  | SOLE |  | 384767 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 2696325 | 25282 | SH |  | SOLE |  | 25282 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 60984863 | 984103 | SH |  | SOLE |  | 984103 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11622933 | 56163 | SH |  | SOLE |  | 56163 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 135319149 | 402173 | SH |  | SOLE |  | 402173 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 62690157 | 194557 | SH |  | SOLE |  | 194557 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 55968539 | 2711654 | SH |  | SOLE |  | 2711654 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 160596198 | 5702990 | SH |  | SOLE |  | 5702990 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 17194417 | 43962 | SH |  | SOLE |  | 43962 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 53477983 | 810027 | SH |  | SOLE |  | 810027 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 88350791 | 516128 | SH |  | SOLE |  | 516128 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 3172514 | 17586 | SH |  | SOLE |  | 17586 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 28975380 | 203336 | SH |  | SOLE |  | 203336 | 0 | 0 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 19099228 | 280871 | SH |  | SOLE |  | 280871 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 22597432 | 63268 | SH |  | SOLE |  | 63268 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 2751708 | 124794 | SH |  | SOLE |  | 124794 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 42319905 | 74131 | SH |  | SOLE |  | 74131 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 2585589 | 80074 | SH |  | SOLE |  | 80074 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 9573605 | 11671 | SH |  | SOLE |  | 11671 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 74220520 | 112440 | SH |  | SOLE |  | 112440 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 36128339 | 126584 | SH |  | SOLE |  | 126584 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 204422789 | 422693 | SH |  | SOLE |  | 422693 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 46177472 | 1971711 | SH |  | SOLE |  | 1971711 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 23859760 | 46706 | SH |  | SOLE |  | 46706 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 35124766 | 153323 | SH |  | SOLE |  | 153323 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 479559 | 5990 | SH |  | SOLE |  | 5990 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 13308507 | 133285 | SH |  | SOLE |  | 133285 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 19984916 | 478566 | SH |  | SOLE |  | 478566 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 3224438 | 52243 | SH |  | SOLE |  | 52243 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 138138861 | 1354701 | SH |  | SOLE |  | 1354701 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 297684959 | 1596166 | SH |  | SOLE |  | 1596166 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 13596748 | 318425 | SH |  | SOLE |  | 318425 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 1836143 | 40231 | SH |  | SOLE |  | 40231 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 65209028 | 6764422 | SH |  | SOLE |  | 6764422 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 28606718 | 212279 | SH |  | SOLE |  | 212279 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 2507169 | 71348 | SH |  | SOLE |  | 71348 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 105938412 | 120527 | SH |  | SOLE |  | 120527 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 23810489 | 2009324 | SH |  | SOLE |  | 2009324 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 139686012 | 5609880 | SH |  | SOLE |  | 5609880 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 67548371 | 3529173 | SH |  | SOLE |  | 3529173 | 0 | 0 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 10899716 | 100486 | SH |  | SOLE |  | 100486 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 2038019 | 16367 | SH |  | SOLE |  | 16367 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 17719352 | 178893 | SH |  | SOLE |  | 178893 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 10756560 | 41634 | SH |  | SOLE |  | 41634 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 99272648 | 799683 | SH |  | SOLE |  | 799683 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 7561898 | 33207 | SH |  | SOLE |  | 33207 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 8675485 | 50719 | SH |  | SOLE |  | 50719 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 79949609 | 460725 | SH |  | SOLE |  | 460725 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 67243064 | 410369 | SH |  | SOLE |  | 410369 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 381423 | 4766 | SH |  | SOLE |  | 4766 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 7243716 | 64047 | SH |  | SOLE |  | 64047 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 23541127 | 84401 | SH |  | SOLE |  | 84401 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 104582447 | 1448711 | SH |  | SOLE |  | 1448711 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 4994000 | 21038 | SH |  | SOLE |  | 21038 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 135900559 | 493484 | SH |  | SOLE |  | 493484 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 11356722 | 293683 | SH |  | SOLE |  | 293683 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 21904851 | 99858 | SH |  | SOLE |  | 99858 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 37645983 | 421662 | SH |  | SOLE |  | 421662 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 7239912 | 56119 | SH |  | SOLE |  | 56119 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 3696043 | 21812 | SH |  | SOLE |  | 21812 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 35817605 | 101908 | SH |  | SOLE |  | 101908 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 22107198 | 264979 | SH |  | SOLE |  | 264979 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 20941060 | 68910 | SH |  | SOLE |  | 68910 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 20658932 | 55114 | SH |  | SOLE |  | 55114 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1984839 | 13212 | SH |  | SOLE |  | 13212 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 44791213 | 99598 | SH |  | SOLE |  | 99598 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 27857983 | 160574 | SH |  | SOLE |  | 160574 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 36026145 | 62173 | SH |  | SOLE |  | 62173 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 45976424 | 110205 | SH |  | SOLE |  | 110205 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 |  | 16305266 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 22999310 | 1818379 | SH |  | SOLE |  | 1818379 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 11352929 | 8537 | SH |  | SOLE |  | 8537 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 64929396 | 1319435 | SH |  | SOLE |  | 1319435 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 12897603 | 21318 | SH |  | SOLE |  | 21318 | 0 | 0 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 |  | 1800730 | 46894 | SH |  | SOLE |  | 46894 | 0 | 0 |
| US FOODS HLDG CORP | COM | 912008109 |  | 22575287 | 299725 | SH |  | SOLE |  | 299725 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 16280791 | 100011 | SH |  | SOLE |  | 100011 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 45671171 | 3910203 | SH |  | SOLE |  | 3910203 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 67644921 | 607171 | SH |  | SOLE |  | 607171 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 48003912 | 478079 | SH |  | SOLE |  | 478079 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 56252688 | 893751 | SH |  | SOLE |  | 893751 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 60625016 | 650483 | SH |  | SOLE |  | 650483 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 26177632 | 151957 | SH |  | SOLE |  | 151957 | 0 | 0 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 59287315 | 424026 | SH |  | SOLE |  | 424026 | 0 | 0 |

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