# EDGAR Filing Document

**Accession Number:** 0000931151
**File Stem:** 0000931151-23-000010
**Filing Date:** 2023-2
**Character Count:** 96003
**Document Hash:** 792d196c28414be731e72ac9d9b4f8dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000931151-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000931151-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price U.S. Equity Research Fund, Inc.
- **CENTRAL INDEX KEY:** 0000931151
- **IRS NUMBER:** 521905304
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07225
- **FILM NUMBER:** 23667611

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price Capital Opportunity Fund, Inc.
- **DATE OF NAME CHANGE:** 20190523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price U.S. Equity Research Fund, Inc.
- **DATE OF NAME CHANGE:** 20190523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price Capital Opportunity Fund, Inc.
- **DATE OF NAME CHANGE:** 20051018

## Series and Classes Contracts Data

### T. Rowe Price U.S. Equity Research Fund (Series ID: S000002071)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000005429 | T. Rowe Price U.S. Equity Research Fund               | PRCOX           |
| C000005430 | T. Rowe Price U.S. Equity Research Fund-Advisor Class | PACOX           |
| C000005431 | T. Rowe Price U.S. Equity Research Fund-R Class       | RRCOX           |
| C000177207 | T. Rowe Price U.S. Equity Research Fund-I Class       | PCCOX           |
| C000232530 | T. Rowe Price U.S. Equity Research Fund-Z Class       | PCUZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price U.S. Equity Research Fund, Inc.

- **b. Investment Company Act file number:** 811-07225

- **c. CIK number of Registrant:** 0000931151

- **d. LEI of Registrant:** 549300D7IR8KMVOUZX05

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

  - **Street Address 1:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price U.S. Equity Research Fund

- **b. EDGAR series identifier (if any):** S000002071

- **c. LEI of Series:** F3LBM5TMT300W38DI523

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $11386749925.97

**Total Liabilities:** $5170167.90

**Net Assets:** $11381579758.07

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005430 | 7.66%                | 5.43%                | -5.82%               |
| Class ID C000005431 | 7.62%                | 5.41%                | -5.84%               |
| Class ID C000005429 | 7.69%                | 5.47%                | -5.79%               |
| Class ID C000232530 | 7.72%                | 5.52%                | -5.76%               |
| Class ID C000177207 | 7.71%                | 5.49%                | -5.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-105365384.31           | $933555955.16                              |
| Month 2  | $-43185451.42            | $656366997.30                              |
| Month 3  | $-94403596.81            | $-615403110.22                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                          | S&P500 EMINI FUT MAR23                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        78 | NC      | $-146984.22   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | S&P500 EMINI FUT MAR23                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       153 | NC      | $-288315.20   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | S&P500 EMINI FUT MAR23                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       111 | NC      | $-209169.85   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | LINDE PLC                                    | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |    297858 | NS      | $97155322.44  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | MEDTRONIC PLC                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    132118 | NS      | $10268210.96  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | TRANE TECHNOLOGIES PLC                       | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |    209258 | NS      | $35174177.22  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                   | STERIS PLC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     61288 | NS      | $11319280.72  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                              | ASML HOLDING NV                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     43000 | NS      | $23495200.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                    | APTIV PLC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     35432 | NS      | $3299782.16   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | ACCENTURE PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    367690 | NS      | $98114399.60  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                    | CHUBB LTD                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    307158 | NS      | $67759054.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                  | INVESCO LTD                                  | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |    318275 | NS      | $5725767.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc                | ZOOM VIDEO COMMUNICATIONS INC                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     83595 | NS      | $5662725.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                   | ZOETIS INC                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    234444 | NS      | $34357768.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | ZIMMER BIOMET HOLDINGS INC                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    311929 | NS      | $39770947.50  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | XCEL ENERGY INC                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    100448 | NS      | $7042409.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                             | WYNN RESORTS LTD                             | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |    215394 | NS      | $17763543.18  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                  | WORKDAY INC                                  | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     42236 | NS      | $7067349.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp           | WILLSCOT MOBILE MINI HOLDINGS CORP           | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    408623 | NS      | $18457500.91  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                              | WEYERHAEUSER CO                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    116100 | NS      | $3599100.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                                  | WESTROCK CO                                  | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |    149566 | NS      | $5258740.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                         | WESTERN DIGITAL CORP                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    314567 | NS      | $9924588.85   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc             | WEST PHARMACEUTICAL SERVICES INC             | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     22499 | NS      | $5295139.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                    | WEST FRASER TIMBER CO LTD                    | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     55222 | NS      | $3991998.38   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                | WELLTOWER INC                                | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |    279286 | NS      | $18307197.30  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                             | WELLS FARGO & CO                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   2289583 | NS      | $94536882.07  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                        | WASTE CONNECTIONS INC                        | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |    233324 | NS      | $30929429.44  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | WALMART INC                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    604386 | NS      | $85695890.94  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                         | WEC ENERGY GROUP INC                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    227426 | NS      | $21323461.76  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                          | VULCAN MATERIALS CO                          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     86567 | NS      | $15158747.37  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                           | VOYA FINANCIAL INC                           | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     73752 | NS      | $4535010.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | VISA INC                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    714935 | NS      | $148534895.60 | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                  | VIATRIS INC                                  | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   2415295 | NS      | $26882233.35  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                   | VERTEX PHARMACEUTICALS INC                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     88858 | NS      | $25660413.24  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                   | VERIZON COMMUNICATIONS INC                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1636712 | NS      | $64486452.80  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | VEEVA SYSTEMS INC                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     34848 | NS      | $5623770.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                       | UNITEDHEALTH GROUP INC                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    364406 | NS      | $193200773.08 | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bill                  | UNITED STATES TREASURY BILL                  | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3710000 | PA      | $3691567.50   | 0.03%             | 2023-02-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United Rentals Inc                           | UNITED RENTALS INC                           | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     57531 | NS      | $20447668.02  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                    | UNITED PARCEL SERVICE INC                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     66611 | NS      | $11579656.24  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                 | UNITED AIRLINES HOLDINGS INC                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    239353 | NS      | $9023608.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | ULTA BEAUTY INC                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     34333 | NS      | $16104580.31  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                   | US BANCORP                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    890820 | NS      | $38848660.20  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                  | TRIMBLE INC                                  | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |    275389 | NS      | $13923667.84  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                   | TRANSUNION                                   | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    158458 | NS      | $8992491.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                          | TRANSDIGM GROUP INC                          | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39241 | NS      | $24708095.65  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TOTALENERGIES SE                             | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    489687 | NS      | $30399768.96  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | THERMO FISHER SCIENTIFIC INC                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    180319 | NS      | $99299870.11  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                  | TEXTRON INC                                  | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    248154 | NS      | $17569303.20  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                        | TEXAS INSTRUMENTS INC                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    237065 | NS      | $39167879.30  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | TESLA INC                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    624256 | NS      | $76895854.08  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                    | TELEDYNE TECHNOLOGIES INC                    | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     94779 | NS      | $37903069.89  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                              | T-MOBILE US INC                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    725794 | NS      | $101611160.00 | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                              | TJX COS INC/THE                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    365151 | NS      | $29066019.60  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                 | SYNOPSYS INC                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    119831 | NS      | $38260839.99  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                          | SUN COMMUNITIES INC                          | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     15570 | NS      | $2226510.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                 | STRYKER CORP                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    143886 | NS      | $35178688.14  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                           | STEEL DYNAMICS INC                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     57800 | NS      | $5647060.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                               | STARBUCKS CORP                               | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    478260 | NS      | $47443392.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                   | STANLEY BLACK & DECKER INC                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    307183 | NS      | $23075586.96  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                        | SOUTHWEST AIRLINES CO                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    443416 | NS      | $14929816.72  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                              | SOUTHERN CO/THE                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    759144 | NS      | $54210473.04  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | SIMON PROPERTY GROUP INC                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    117323 | NS      | $13783106.04  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank/New York NY                   | SIGNATURE BANK/NEW YORK NY                   | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |    106135 | NS      | $12228874.70  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                      | SHERWIN-WILLIAMS CO/THE                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    202117 | NS      | $47968427.61  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                               | SERVICENOW INC                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     96127 | NS      | $37323230.29  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                | SEMPRA ENERGY                                | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    159463 | NS      | $24643412.02  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                              | SEALED AIR CORP                              | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    377533 | NS      | $18831346.04  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                      | CHARLES SCHWAB CORP/THE                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    748872 | NS      | $62351082.72  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                               | SALESFORCE INC                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    913019 | NS      | $121057189.21 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | SAIA INC                                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     69278 | NS      | $14526211.04  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                          | SVB FINANCIAL GROUP                          | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |     48250 | NS      | $11104255.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                      | SBA COMMUNICATIONS CORP                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |    219806 | NS      | $61613819.86  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P GLOBAL INC                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    162136 | NS      | $54305831.84  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                              | ROSS STORES INC                              | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    334842 | NS      | $38865110.94  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                       | ROPER TECHNOLOGIES INC                       | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |    121448 | NS      | $52476466.32  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                      | ROCKWELL AUTOMATION INC                      | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     83087 | NS      | $21400718.59  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                | REXFORD INDUSTRIAL REALTY INC                | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    242026 | NS      | $13224300.64  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund          | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |  63205124 | NS      | $63205123.99  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                | REGENERON PHARMACEUTICALS INC                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     46551 | NS      | $33586080.99  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                   | RAYTHEON TECHNOLOGIES CORP                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     61814 | NS      | $6238268.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                        | RPM INTERNATIONAL INC                        | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    159857 | NS      | $15578064.65  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                 | QUALCOMM INC                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    315282 | NS      | $34662103.08  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | PURE STORAGE INC                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    268670 | NS      | $7189609.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | PUBLIC STORAGE                               | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     68189 | NS      | $19105875.91  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                 | PROLOGIS INC                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    349722 | NS      | $39424161.06  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                      | PROCTER & GAMBLE CO/THE                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    792662 | NS      | $120135852.72 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                 | PIONEER NATURAL RESOURCES CO                 | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     76863 | NS      | $17554740.57  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc              | PHILIP MORRIS INTERNATIONAL INC              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    714142 | NS      | $72278311.82  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                   | PFIZER INC                                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   1338953 | NS      | $68607951.72  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                  | PEPSICO INC                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    433678 | NS      | $78348267.48  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                    | PACKAGING CORP OF AMERICA                    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |    109227 | NS      | $13971225.57  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                   | PACCAR INC                                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    230017 | NS      | $22764782.49  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                           | PPG INDUSTRIES INC                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     39536 | NS      | $4971256.64   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                    | PG&E CORP                                    | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   2718365 | NS      | $44200614.90  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                          | OTIS WORLDWIDE CORP                          | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    240978 | NS      | $18870987.18  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                | OLD DOMINION FREIGHT LINE INC                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    122013 | NS      | $34624849.14  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| O Reilly Automotive Inc                      | O'REILLY AUTOMOTIVE INC                      | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     46980 | NS      | $39652529.40  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                  | NUTRIEN LTD                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     89662 | NS      | $6548015.86   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                  | NVIDIA CORP                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1047794 | NS      | $153124615.16 | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | NOVO NORDISK A/S                             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     43000 | NS      | $5819620.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                              | GEN DIGITAL INC                              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |    470908 | NS      | $10091558.44  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                     | NIKE INC                                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    636084 | NS      | $74428188.84  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NEXTERA ENERGY INC                           | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    789531 | NS      | $66004791.60  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                  | NETFLIX INC                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    181560 | NS      | $53538412.80  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                      | NVR INC                                      | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      3719 | NS      | $17154185.02  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | MORGAN STANLEY                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    265954 | NS      | $22611409.08  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                        | MONSTER BEVERAGE CORP                        | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    404885 | NS      | $41107974.05  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                 | MONOLITHIC POWER SYSTEMS INC                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     48329 | NS      | $17089617.69  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                  | MONGODB INC                                  | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     39433 | NS      | $7761991.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                   | MONDELEZ INTERNATIONAL INC                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    716826 | NS      | $47776452.90  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | MOLINA HEALTHCARE INC                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     72604 | NS      | $23975292.88  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | MODERNA INC                                  | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    183783 | NS      | $33011102.46  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc                          | MOBILEYE GLOBAL INC                          | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180089 | NS      | $6313920.34   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                        | MICRON TECHNOLOGY INC                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    450300 | NS      | $22505994.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                               | MICROSOFT CORP                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2747597 | NS      | $658928712.54 | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc             | METTLER-TOLEDO INTERNATIONAL INC             | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |     11622 | NS      | $16799019.90  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                  | METLIFE INC                                  | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    533509 | NS      | $38610046.33  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                               | MERCK & CO INC                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    927243 | NS      | $102877610.85 | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                | MCKESSON CORP                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     60700 | NS      | $22769784.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                              | MCDONALD'S CORP                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    284899 | NS      | $75079433.47  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                               | MASTERCARD INC                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    316700 | NS      | $110126091.00 | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | MARVELL TECHNOLOGY INC                       | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    433134 | NS      | $16043283.36  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                | MARRIOTT INTERNATIONAL INC/MD                | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    181620 | NS      | $27041401.80  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                     | MARSH & MCLENNAN COS INC                     | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    184463 | NS      | $30524937.24  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                      | MARATHON PETROLEUM CORP                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    294699 | NS      | $34300016.61  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                      | MAGNA INTERNATIONAL INC                      | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    204419 | NS      | $11484259.42  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                     | MSCI INC                                     | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     44883 | NS      | $20878225.11  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                    | MGM RESORTS INTERNATIONAL                    | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |    433233 | NS      | $14526302.49  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe s Cos Inc                               | LOWE'S COS INC                               | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    137985 | NS      | $27492131.40  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                               | ELI LILLY & CO                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    356393 | NS      | $130382815.12 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                     | ESTEE LAUDER COS INC/THE                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    124625 | NS      | $30920708.75  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                         | LAS VEGAS SANDS CORP                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    391318 | NS      | $18810656.26  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                            | LAM RESEARCH CORP                            | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     46209 | NS      | $19421642.70  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                    | L3HARRIS TECHNOLOGIES INC                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    170334 | NS      | $35465242.14  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                           | KRAFT HEINZ CO/THE                           | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    279903 | NS      | $11394851.13  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                          | KIMBERLY-CLARK CORP                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    112791 | NS      | $15311378.25  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                         | KEURIG DR PEPPER INC                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    720687 | NS      | $25699698.42  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                     | KLA CORP                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    131876 | NS      | $49721208.28  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | JOHNSON & JOHNSON                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    831135 | NS      | $146819997.75 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                          | JPMORGAN CHASE & CO                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    934904 | NS      | $125370626.40 | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                       | INTUITIVE SURGICAL INC                       | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    220336 | NS      | $58466157.60  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | INTUIT INC                                   | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    119295 | NS      | $46431999.90  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                       | INTERNATIONAL PAPER CO                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    227416 | NS      | $7875416.08   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | INTERCONTINENTAL EXCHANGE INC                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    317135 | NS      | $32534879.65  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                           | INGERSOLL RAND INC                           | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    647247 | NS      | $33818655.75  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                 | ILLUMINA INC                                 | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     26642 | NS      | $5387012.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                 | HUNTINGTON BANCSHARES INC/OH                 | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   3075218 | NS      | $43360573.80  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc               | JB HUNT TRANSPORT SERVICES INC               | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    122798 | NS      | $21411059.28  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                   | HUMANA INC                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     80512 | NS      | $41237441.28  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                  | HONEYWELL INTERNATIONAL INC                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    338670 | NS      | $72576981.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                           | HOME DEPOT INC/THE                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    397642 | NS      | $125599202.12 | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | HILTON WORLDWIDE HOLDINGS INC                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    193528 | NS      | $24454198.08  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                    | HESS CORP                                    | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |    206136 | NS      | $29234207.52  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The    | HARTFORD FINANCIAL SERVICES GROUP INC/THE    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    676934 | NS      | $51331905.22  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                               | HALLIBURTON CO                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |   1246870 | NS      | $49064334.50  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                           | HCA HEALTHCARE INC                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     46440 | NS      | $11143742.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                  | GOLDMAN SACHS GROUP INC/THE                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    166974 | NS      | $57335532.12  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                          | GLOBAL PAYMENTS INC                          | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    405977 | NS      | $40321635.64  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                          | GILEAD SCIENCES INC                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    147000 | NS      | $12619950.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                          | GENERAL ELECTRIC CO                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   1263467 | NS      | $105865899.93 | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | FORTINET INC                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    450924 | NS      | $22045674.36  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc                    | FLEETCOR TECHNOLOGIES INC                    | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |    272271 | NS      | $50010737.28  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                   | FISERV INC                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    827641 | NS      | $83649675.87  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | FIRST SOLAR INC                              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     21900 | NS      | $3280401.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | FIFTH THIRD BANCORP                          | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    923995 | NS      | $30316275.95  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                   | FEDEX CORP                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    112101 | NS      | $19415893.20  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS INC                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    811703 | NS      | $97680339.02  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                     | FMC CORP                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     99442 | NS      | $12410361.60  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                             | EXXON MOBIL CORP                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   1312479 | NS      | $144766433.70 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                      | EXTRA SPACE STORAGE INC                      | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82367 | NS      | $12122775.06  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                  | EXELON CORP                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    769243 | NS      | $33254374.89  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                     | ESSEX PROPERTY TRUST INC                     | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     57866 | NS      | $12262962.72  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc              | EQUITY LIFESTYLE PROPERTIES INC              | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    101817 | NS      | $6577378.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                       | EQUITABLE HOLDINGS INC                       | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    931955 | NS      | $26747108.50  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                  | EQUINIX INC                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     60734 | NS      | $39782592.02  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | ENPHASE ENERGY INC                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     48700 | NS      | $12903552.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                   | RENAISSANCERE HOLDINGS LTD                   | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |    165323 | NS      | $30457456.29  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                            | EOG RESOURCES INC                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    319482 | NS      | $41379308.64  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | DOMINION ENERGY INC                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    750802 | NS      | $46039178.64  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | DOLLAR TREE INC                              | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    116734 | NS      | $16510856.96  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                          | DOLLAR GENERAL CORP                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    125196 | NS      | $30829515.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                           | WALT DISNEY CO/THE                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    882660 | NS      | $76685500.80  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                   | DEXCOM INC                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    285741 | NS      | $32357310.84  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The              | DESCARTES SYSTEMS GROUP INC/THE              | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    143735 | NS      | $10011142.75  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                      | DARLING INGREDIENTS INC                      | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    120327 | NS      | $7531266.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                 | DANAHER CORP                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    327214 | NS      | $86849139.88  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                | DTE ENERGY CO                                | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    124900 | NS      | $14679497.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                  | CUMMINS INC                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    200419 | NS      | $48559519.51  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                             | COSTAR GROUP INC                             | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155057 | NS      | $11982804.96  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                        | COSTCO WHOLESALE CORP                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    161525 | NS      | $73736162.50  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | CORTEVA INC                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    112535 | NS      | $6614807.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                     | COREBRIDGE FINANCIAL INC                     | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |   1149110 | NS      | $23051146.60  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                     | CONSTELLATION BRANDS INC                     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    167065 | NS      | $38717313.75  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | CONOCOPHILLIPS                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    767527 | NS      | $90568186.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                           | CONAGRA BRANDS INC                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    582544 | NS      | $22544452.80  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                 | COMCAST CORP                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    456532 | NS      | $15964924.04  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                         | COLGATE-PALMOLIVE CO                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     89229 | NS      | $7030352.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp          | COGNIZANT TECHNOLOGY SOLUTIONS CORP          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    112032 | NS      | $6407110.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                             | COCA-COLA CO/THE                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   1480077 | NS      | $94147697.97  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                 | CITIZENS FINANCIAL GROUP INC                 | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    142444 | NS      | $5608020.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                | CITIGROUP INC                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    540247 | NS      | $24435371.81  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                            | CISCO SYSTEMS INC                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    411568 | NS      | $19607099.52  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                   | CHIPOTLE MEXICAN GRILL INC                   | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25192 | NS      | $34953648.08  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                 | CHEVRON CORP                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    636332 | NS      | $114215230.68 | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | CHARLES RIVER LABORATORIES INTERNATIONAL INC | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     29699 | NS      | $6471412.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                 | CENTENE CORP                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    330272 | NS      | $27085606.72  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                          | CARRIER GLOBAL CORP                          | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    190835 | NS      | $7871943.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                   | CAPITAL ONE FINANCIAL CORP                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     38400 | NS      | $3569664.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd                 | CANADIAN PACIFIC RAILWAY LTD                 | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    343698 | NS      | $25636433.82  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                        | CAMDEN PROPERTY TRUST                        | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     30370 | NS      | $3397795.60   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                   | CADENCE DESIGN SYSTEMS INC                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    174650 | NS      | $28055776.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                              | CVS HEALTH CORP                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    229597 | NS      | $21396144.43  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                     | CSX CORP                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   1189531 | NS      | $36851670.38  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                              | CMS ENERGY CORP                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    197717 | NS      | $12521417.61  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                | CME GROUP INC                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    126244 | NS      | $21229191.04  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                   | CIGNA CORP                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     84574 | NS      | $28022749.16  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                   | CF INDUSTRIES HOLDINGS INC                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    169304 | NS      | $14424700.80  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                        | BURLINGTON STORES INC                        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |    113769 | NS      | $23067802.44  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | BROADCOM INC                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    217409 | NS      | $121559894.17 | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                      | BRISTOL-MYERS SQUIBB CO                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    416088 | NS      | $29937531.60  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc         | BRIGHT HORIZONS FAMILY SOLUTIONS INC         | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185006 | NS      | $11673878.60  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                       | BOSTON SCIENTIFIC CORP                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     99600 | NS      | $4608492.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                         | BOOKING HOLDINGS INC                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     17255 | NS      | $34773656.40  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                | BOEING CO/THE                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    155366 | NS      | $29595669.34  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                         | BLUE OWL CAPITAL INC                         | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    443234 | NS      | $4698280.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                                | BLACKROCK INC                                | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     30991 | NS      | $21961152.33  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Knight Inc                             | BLACK KNIGHT INC                             | CUSIP: 09215C105<br>LEI: 549300TUSNXS3BFFML48 | Long             | EC               | CORP              | US        |     64140 | NS      | $3960645.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | BIOGEN INC                                   | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     76438 | NS      | $21167210.96  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                       | BERKSHIRE HATHAWAY INC                       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    521984 | NS      | $161240857.60 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                      | BECTON DICKINSON AND CO                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    273920 | NS      | $69657856.00  | 0.61%             |  |  |  | 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        |    164113 | NS      | $7470423.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                         | BANK OF AMERICA CORP                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   2337286 | NS      | $77410912.32  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                    | BALL CORP                                    | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    234757 | NS      | $12005472.98  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                          | AVERY DENNISON CORP                          | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    117195 | NS      | $21212295.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                    | AVALONBAY COMMUNITIES INC                    | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     56596 | NS      | $9141385.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                 | AUTOZONE INC                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |     12211 | NS      | $30114523.98  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | ASTRAZENECA PLC                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    325574 | NS      | $22073917.20  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                 | ASSURANT INC                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    136180 | NS      | $17030670.80  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | ARISTA NETWORKS INC                          | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    191682 | NS      | $23260610.70  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                         | ARES MANAGEMENT CORP                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     84282 | NS      | $5768260.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                        | APPLIED MATERIALS INC                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    173221 | NS      | $16868260.98  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                    | APPLE INC                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   5118453 | NS      | $665040598.29 | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                 | APOLLO GLOBAL MANAGEMENT INC                 | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    201742 | NS      | $12869122.18  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                          | ELEVANCE HEALTH INC                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    122217 | NS      | $62693654.49  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                           | ANALOG DEVICES INC                           | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     77748 | NS      | $12753004.44  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                | AMPHENOL CORP                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     10932 | NS      | $832362.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                    | AMGEN INC                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    164792 | NS      | $43280970.88  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                   | AMETEK INC                                   | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    168274 | NS      | $23511243.28  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                     | AMERIPRISE FINANCIAL INC                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     55081 | NS      | $17150570.97  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                       | AMERISOURCEBERGEN CORP                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     83500 | NS      | $13836785.00  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                          | AMERICAN TOWER CORP                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     68439 | NS      | $14499486.54  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc             | AMERICAN INTERNATIONAL GROUP INC             | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    870393 | NS      | $55043653.32  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                        | AMERICAN HOMES 4 RENT                        | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    129065 | NS      | $3890019.10   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                          | AMERICAN EXPRESS CO                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    238210 | NS      | $35195527.50  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc               | AMERICAN ELECTRIC POWER CO INC               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     91235 | NS      | $8662763.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                  | AMEREN CORP                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    394101 | NS      | $35043460.92  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                               | AMAZON.COM INC                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   3223953 | NS      | $270812052.00 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                             | ALTRIA GROUP INC                             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    641092 | NS      | $29304315.32  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                 | ALPHABET INC                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1690143 | NS      | $149121316.89 | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                 | ALPHABET INC                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2438832 | NS      | $216397563.36 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc          | ALEXANDRIA REAL ESTATE EQUITIES INC          | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     62462 | NS      | $9098839.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc               | AIR PRODUCTS AND CHEMICALS INC               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    105629 | NS      | $32561195.54  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                     | AGILENT TECHNOLOGIES INC                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    211039 | NS      | $31581986.35  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                   | ADVANCED MICRO DEVICES INC                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    771385 | NS      | $49962606.45  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | ADOBE INC                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    135050 | NS      | $45448376.50  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                      | ACTIVISION BLIZZARD INC                      | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |    263403 | NS      | $20163499.65  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                   | ABBVIE INC                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    675508 | NS      | $109168847.88 | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABORATORIES                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    370276 | NS      | $40652602.04  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** T. Rowe Price U.S. Equity Research Fund, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President