# EDGAR Filing Document

**Accession Number:** 0001367401
**File Stem:** 0001367401-26-000001
**Filing Date:** 2026-2
**Character Count:** 30404
**Document Hash:** 8dcf3d0b183ad3fd1936f10c306c173e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001367401-26-000001.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001367401-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.
- **CENTRAL INDEX KEY:** 0001367401

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15845
- **FILM NUMBER:** 26628890

**BUSINESS ADDRESS:**
- **STREET 1:** BEETHOVENSTRAAT 300
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1077 WZ
- **BUSINESS PHONE:** 0031203488700

**MAIL ADDRESS:**
- **STREET 1:** BEETHOVENSTRAAT 300
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1077 WZ

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KEMPEN CAPITAL MANAGEMENT N.V.
- **DATE OF NAME CHANGE:** 20140211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kempen Capital Management N.V.
- **DATE OF NAME CHANGE:** 20060623

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.<br>**Address:** BEETHOVENSTRAAT 300<br>AMSTERDAM, P7 1077 WZ

**Form 13F File Number:** 028-15845

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** E.J.G. Jansen<br>**Title:** Managing Director<br>**Phone:** 0031620425877

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

E.J.G. Jansen  AMSTERDAM, P7  02-13-2026<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 250

**Form 13F Information Table Value Total:** $11675586787

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                               | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | UBS GLOBAL ASSET MANAGEMENT UK LTD | 028-05673              |  |  |
|     2 | M INVESTMENT MANAGEMENT LTD        | 028-03513              |  |  |
|     3 | Mirova US LLC                      | 028-20101              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS COM | COM | 002824100 |  | 23654251 | 188796 | SH |  | SOLE |  | 169610 | 0 | 19186 |
| ACCENTURE PLC IRELAND SHS CLASS A | SHS CLASS A | G1151C101 |  | 39940211 | 148864 | SH |  | SOLE |  | 136224 | 0 | 12640 |
| ADVANCED DRAIN SYS INC DEL COM | COM | 00790R104 |  | 28945434 | 199858 | SH |  | SOLE |  | 131007 | 0 | 68851 |
| AMAZON COM INC COM | COM | 023135106 |  | 419750556 | 1818519 | SH |  | SOLE |  | 573156 | 0 | 1245363 |
| AMERICAN WTR WKS CO INC NEW COM | COM | 030420103 |  | 10744848 | 82336 | SH |  | SOLE |  | 54906 | 0 | 27430 |
| AKAMAI TECHNOLOGIES INC COM | COM | 00971T101 |  | 33443885 | 383311 | SH |  | SOLE |  | 251496 | 0 | 131815 |
| ALEXANDRIA REAL ESTATE EQ IN COM | COM | 015271109 |  | 1892608 | 38672 | SH |  | SOLE |  | 12817 | 0 | 25855 |
| ALIGN TECHNOLOGY INC COM | COM | 016255101 |  | 35399049 | 226699 | SH |  | SOLE |  | 148921 | 0 | 77778 |
| ALLIANT ENERGY CORP COM | COM | 018802108 |  | 8032181 | 123553 | SH |  | SOLE |  | 123553 | 0 | 0 |
| ALPHABET INC CAP STK CL A | CL A | 02079K305 |  | 712559211 | 2276547 | SH |  | SOLE |  | 703201 | 0 | 1573346 |
| APPLE INC COM | COM | 037833100 |  | 166677910 | 613102 | SH |  | SOLE |  | 472762 | 0 | 140340 |
| AMERICAN ELEC PWR CO INC COM | COM | 025537101 |  | 11967794 | 103788 | SH |  | SOLE |  | 103788 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC COM SHS | SHS | 398182303 |  | 11992629 | 254837 | SH |  | SOLE |  | 82569 | 0 | 172268 |
| AMERICAN HOMES 4 RENT CL A | CL A | 02665T306 |  | 25363045 | 790126 | SH |  | SOLE |  | 425933 | 0 | 364193 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 10514009 | 59885 | SH |  | SOLE |  | 59885 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | SHS | 040413205 |  | 17410349 | 132873 | SH |  | SOLE |  | 62778 | 0 | 70095 |
| AMPHENOL CORP NEW CL A | CL A | 032095101 |  | 7942583 | 58773 | SH |  | SOLE |  | 58773 | 0 | 0 |
| ANALOG DEVICES INC COM | COM | 032654105 |  | 142969589 | 527174 | SH |  | SOLE |  | 77050 | 0 | 450124 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 22800085 | 414547 | SH |  | SOLE |  | 286388 | 0 | 128159 |
| APPLE HOSPITALITY REIT INC COM NEW | COM NEW | 03784Y200 |  | 4188999 | 353502 | SH |  | SOLE |  | 126414 | 0 | 227088 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | CL B NEW | 084670702 |  | 178382945 | 354885 | SH |  | SOLE |  | 125861 | 0 | 229024 |
| ATS CORPORATION COM | COM | 00217Y104 |  | 30816322 | 815031 | SH |  | SOLE |  | 532892 | 0 | 282139 |
| AUTOLIV INC COM | COM | 052800109 |  | 28853240 | 243077 | SH |  | SOLE |  | 236585 | 0 | 6492 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 16406923 | 90491 | SH |  | SOLE |  | 29380 | 0 | 61111 |
| BAKER HUGHES COMPANY CL A | CL A | 05722G100 |  | 10814019 | 237462 | SH |  | SOLE |  | 221568 | 0 | 15894 |
| BLACKROCK INC COM | COM | 09290D101 |  | 38450894 | 35924 | SH |  | SOLE |  | 25777 | 0 | 10147 |
| BERKSHIRE HATHAWAY INC DEL CL A | CL A | 084670108 |  | 98124000 | 130 | SH |  | SOLE |  | 0 | 0 | 130 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 26179773 | 274565 | SH |  | SOLE |  | 192119 | 0 | 82446 |
| BROADCOM INC COM | COM | 11135F101 |  | 95503872 | 275943 | SH |  | SOLE |  | 208742 | 0 | 67201 |
| BOOKING HOLDINGS INC COM | COM | 09857L108 |  | 494227340 | 92287 | SH |  | SOLE |  | 17333 | 0 | 74954 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 22076275 | 70626 | SH |  | SOLE |  | 40607 | 0 | 30019 |
| CISCO SYS INC COM | COM | 17275R102 |  | 33539940 | 435414 | SH |  | SOLE |  | 306343 | 0 | 129071 |
| BROADRIDGE FINL SOLUTIONS IN COM | COM | 11133T103 |  | 7881472 | 35316 | SH |  | SOLE |  | 32861 | 0 | 2455 |
| BROADSTONE NET LEASE INC COM | COM | 11135E203 |  | 4669699 | 268837 | SH |  | SOLE |  | 89076 | 0 | 179761 |
| BROOKFIELD CORP CL A LTD VT SH | SH | 11271J107 |  | 13269869 | 210566 | SH |  | SOLE |  | 210566 | 0 | 0 |
| BROWN  BROWN INC COM | COM | 115236101 |  | 361725145 | 4538584 | SH |  | SOLE |  | 745742 | 0 | 3792842 |
| BRUNSWICK CORP COM | COM | 117043109 |  | 55980375 | 754046 | SH |  | SOLE |  | 504784 | 0 | 249262 |
| BUILDERS FIRSTSOURCE INC COM | COM | 12008R107 |  | 2400527 | 23331 | SH |  | SOLE |  | 23331 | 0 | 0 |
| CACI INTL INC CL A | CL A | 127190304 |  | 39120509 | 73423 | SH |  | SOLE |  | 48181 | 0 | 25242 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 18052226 | 20934 | SH |  | SOLE |  | 9049 | 0 | 11885 |
| CANADIAN PACIFIC KANSAS CITY COM | COM | 13646K108 |  | 14984098 | 148284 | SH |  | SOLE |  | 148284 | 0 | 0 |
| CATERPILLAR INC COM | COM | 149123101 |  | 30637088 | 53480 | SH |  | SOLE |  | 45114 | 0 | 8366 |
| CBRE GROUP INC CL A | CL A | 12504L109 |  | 9685990 | 60240 | SH |  | SOLE |  | 60240 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | COM NEW | 16411R208 |  | 15460809 | 79535 | SH |  | SOLE |  | 76843 | 0 | 2692 |
| CHESAPEAKE UTILS CORP COM | COM | 165303108 |  | 6826618 | 54718 | SH |  | SOLE |  | 54718 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 14450754 | 94815 | SH |  | SOLE |  | 88196 | 0 | 6619 |
| CHUBB LIMITED COM | COM | H1467J104 |  | 202066800 | 647401 | SH |  | SOLE |  | 114657 | 0 | 532744 |
| DEERE  CO COM | COM | 244199105 |  | 21348712 | 45855 | SH |  | SOLE |  | 32741 | 0 | 13114 |
| CITIGROUP INC COM NEW | COM NEW | 172967424 |  | 51775936 | 443705 | SH |  | SOLE |  | 426482 | 0 | 17223 |
| CME GROUP INC COM | COM | 12572Q105 |  | 7984586 | 29239 | SH |  | SOLE |  | 27250 | 0 | 1989 |
| CNH INDL N V SHS | SHS | N20944109 |  | 28732978 | 3116375 | SH |  | SOLE |  | 3000980 | 0 | 115395 |
| COCA COLA CO COM | COM | 191216100 |  | 29352063 | 419855 | SH |  | SOLE |  | 358987 | 0 | 60868 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 15380532 | 194641 | SH |  | SOLE |  | 94478 | 0 | 100163 |
| CONSOLIDATED EDISON INC COM | COM | 209115104 |  | 9357235 | 94213 | SH |  | SOLE |  | 94213 | 0 | 0 |
| EATON CORP PLC SHS | SHS | G29183103 |  | 10758949 | 33779 | SH |  | SOLE |  | 28302 | 0 | 5477 |
| ECOLAB INC COM | COM | 278865100 |  | 20666362 | 78723 | SH |  | SOLE |  | 55158 | 0 | 23565 |
| CORPAY INC COM SHS | SHS | 219948106 |  | 210493313 | 699476 | SH |  | SOLE |  | 120315 | 0 | 579161 |
| EDWARDS LIFESCIENCES CORP COM | COM | 28176E108 |  | 15048245 | 176519 | SH |  | SOLE |  | 113995 | 0 | 62524 |
| CROCS INC COM | COM | 227046109 |  | 14552853 | 170169 | SH |  | SOLE |  | 111380 | 0 | 58789 |
| CSX CORP COM | COM | 126408103 |  | 5967946 | 164633 | SH |  | SOLE |  | 164633 | 0 | 0 |
| CUBESMART COM | COM | 229663109 |  | 1978280 | 54876 | SH |  | SOLE |  | 17215 | 0 | 37661 |
| DANAHER CORPORATION COM | COM | 235851102 |  | 136362608 | 595678 | SH |  | SOLE |  | 106400 | 0 | 489278 |
| ELI LILLY  CO COM | COM | 532457108 |  | 54806531 | 50998 | SH |  | SOLE |  | 36555 | 0 | 14443 |
| DIAMONDROCK HOSPITALITY CO COM | COM | 252784301 |  | 1040632 | 116142 | SH |  | SOLE |  | 71886 | 0 | 44256 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 2499185 | 16154 | SH |  | SOLE |  | 4878 | 0 | 11276 |
| FERGUSON ENTERPRISES INC COMMON STOCK NEW | COM NEW | 31488V107 |  | 17229781 | 77392 | SH |  | SOLE |  | 37249 | 0 | 40143 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 23562506 | 36052 | SH |  | SOLE |  | 23866 | 0 | 12186 |
| INTUITIVE SURGICAL INC COM NEW | COM NEW | 46120E602 |  | 23541886 | 41567 | SH |  | SOLE |  | 25854 | 0 | 15713 |
| EMERA INC COM | COM | 290876101 |  | 11255093 | 166397 | SH |  | SOLE |  | 166397 | 0 | 0 |
| ENBRIDGE INC COM | COM | 29250N105 |  | 9748554 | 148425 | SH |  | SOLE |  | 148425 | 0 | 0 |
| ENCOMPASS HEALTH CORP COM | COM | 29261A100 |  | 21873013 | 206077 | SH |  | SOLE |  | 134598 | 0 | 71479 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 10543490 | 114070 | SH |  | SOLE |  | 107753 | 0 | 6317 |
| ENVISTA HOLDINGS CORPORATION COM | COM | 29415F104 |  | 21955909 | 1011327 | SH |  | SOLE |  | 662194 | 0 | 349133 |
| EQUINIX INC COM | COM | 29444U700 |  | 29075006 | 37949 | SH |  | SOLE |  | 11414 | 0 | 26535 |
| EXPAND ENERGY CORPORATION COM | COM | 165167735 |  | 22326049 | 202302 | SH |  | SOLE |  | 202302 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 16078133 | 123469 | SH |  | SOLE |  | 40171 | 0 | 83298 |
| FEDERAL RLTY INVT TR NEW SH BEN INT NEW | SH BEN INT NEW | 313745101 |  | 3511368 | 34835 | SH |  | SOLE |  | 11214 | 0 | 23621 |
| JPMORGAN CHASE  CO. COM | COM | 46625H100 |  | 72174058 | 223990 | SH |  | SOLE |  | 164417 | 0 | 59573 |
| FIDELITY NATL INFORMATION SV COM | COM | 31620M106 |  | 43949799 | 661297 | SH |  | SOLE |  | 638418 | 0 | 22879 |
| FIRST HORIZON CORPORATION COM | COM | 320517105 |  | 23774167 | 994735 | SH |  | SOLE |  | 651004 | 0 | 343731 |
| FIRST SOLAR INC COM | COM | 336433107 |  | 44589349 | 170690 | SH |  | SOLE |  | 111330 | 0 | 59360 |
| FIRSTENERGY CORP COM | COM | 337932107 |  | 8740223 | 195225 | SH |  | SOLE |  | 195225 | 0 | 0 |
| LAM RESEARCH CORP COM NEW | COM NEW | 512807306 |  | 33966391 | 198425 | SH |  | SOLE |  | 118740 | 0 | 79685 |
| GE AEROSPACE COM NEW | COM NEW | 369604301 |  | 22545640 | 73193 | SH |  | SOLE |  | 57814 | 0 | 15379 |
| GENTEX CORP COM | COM | 371901109 |  | 17200835 | 739185 | SH |  | SOLE |  | 481499 | 0 | 257686 |
| GILEAD SCIENCES INC COM | COM | 375558103 |  | 32857743 | 267702 | SH |  | SOLE |  | 255452 | 0 | 12250 |
| GULFPORT ENERGY CORP COMMON SHARES | SHS | 402635502 |  | 2433067 | 11698 | SH |  | SOLE |  | 11698 | 0 | 0 |
| H2O AMERICA COM | COM | 784305104 |  | 3542663 | 72314 | SH |  | SOLE |  | 72314 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC COM | COM | 42250P103 |  | 10774388 | 670049 | SH |  | SOLE |  | 398552 | 0 | 271497 |
| HENRY SCHEIN INC COM | COM | 806407102 |  | 22596455 | 298974 | SH |  | SOLE |  | 195747 | 0 | 103227 |
| HIGHWOODS PPTYS INC COM | COM | 431284108 |  | 10768179 | 417048 | SH |  | SOLE |  | 134314 | 0 | 282734 |
| HOME DEPOT INC COM | COM | 437076102 |  | 19676670 | 57183 | SH |  | SOLE |  | 43087 | 0 | 14096 |
| HOST HOTELS  RESORTS INC COM | COM | 44107P104 |  | 1831190 | 103282 | SH |  | SOLE |  | 37853 | 0 | 65429 |
| HUNTINGTON BANCSHARES INC COM | COM | 446150104 |  | 6289097 | 362484 | SH |  | SOLE |  | 236525 | 0 | 125959 |
| LINDE PLC SHS | SHS | G54950103 |  | 25793610 | 60493 | SH |  | SOLE |  | 49757 | 0 | 10736 |
| ICON PLC SHS | SHS | G4705A100 |  | 135489317 | 743548 | SH |  | SOLE |  | 140851 | 0 | 602697 |
| IDEX CORP COM | COM | 45167R104 |  | 7371165 | 41425 | SH |  | SOLE |  | 41425 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN COM | COM | 45866F104 |  | 8053299 | 49724 | SH |  | SOLE |  | 49724 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | CL A | 57636Q104 |  | 23442616 | 41064 | SH |  | SOLE |  | 31078 | 0 | 9986 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 57703740 | 2076421 | SH |  | SOLE |  | 1641144 | 0 | 435277 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 11134578 | 49397 | SH |  | SOLE |  | 46028 | 0 | 3369 |
| IRON MTN INC DEL COM | COM | 46284V101 |  | 4651670 | 56078 | SH |  | SOLE |  | 20547 | 0 | 35531 |
| JABIL INC COM | COM | 466313103 |  | 37448409 | 164233 | SH |  | SOLE |  | 107207 | 0 | 57026 |
| HENRY JACK  ASSOC INC COM | COM | 426281101 |  | 8239337 | 45152 | SH |  | SOLE |  | 42015 | 0 | 3137 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 17652975 | 8764 | SH |  | SOLE |  | 5852 | 0 | 2912 |
| KIMCO RLTY CORP COM | COM | 49446R109 |  | 7103662 | 350452 | SH |  | SOLE |  | 116037 | 0 | 234415 |
| KINDER MORGAN INC DEL COM | COM | 49456B101 |  | 18128335 | 659452 | SH |  | SOLE |  | 603725 | 0 | 55727 |
| KKR  CO INC COM | COM | 48251W104 |  | 494341179 | 3877794 | SH |  | SOLE |  | 669174 | 0 | 3208620 |
| MICROSOFT CORP COM | COM | 594918104 |  | 658348037 | 1361292 | SH |  | SOLE |  | 426999 | 0 | 934293 |
| MSA SAFETY INC COM | COM | 553498106 |  | 304586 | 1902 | SH |  | SOLE |  | 0 | 0 | 1902 |
| LENNAR CORP CL A | CL A | 526057104 |  | 201834744 | 1963373 | SH |  | SOLE |  | 288060 | 0 | 1675313 |
| NETFLIX INC COM | COM | 64110L106 |  | 19833709 | 211537 | SH |  | SOLE |  | 161801 | 0 | 49736 |
| LINEAGE INC COM | COM | 53566V106 |  | 1350930 | 38598 | SH |  | SOLE |  | 14114 | 0 | 24484 |
| LITTELFUSE INC COM | COM | 537008104 |  | 247987554 | 980498 | SH |  | SOLE |  | 166663 | 0 | 813835 |
| LUMENTUM HLDGS INC COM | COM | 55024U109 |  | 48253223 | 130913 | SH |  | SOLE |  | 85433 | 0 | 45480 |
| LUXFER HLDGS PLC SHS | SHS | G5698W116 |  | 13358561 | 987329 | SH |  | SOLE |  | 664420 | 0 | 322909 |
| LXP INDUSTRIAL TRUST COM | COM | 529043408 |  | 8581455 | 173083 | SH |  | SOLE |  | 56452 | 0 | 116631 |
| LYONDELLBASELL INDUSTRIES N SHS - A - | SHS - A - | N53745100 |  | 21277793 | 491404 | SH |  | SOLE |  | 472142 | 0 | 19262 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 9790163 | 60199 | SH |  | SOLE |  | 44573 | 0 | 15626 |
| MARKEL GROUP INC COM | COM | 570535104 |  | 440379449 | 204861 | SH |  | SOLE |  | 34589 | 0 | 170272 |
| MARSH  MCLENNAN COS INC COM | COM | 571748102 |  | 8171971 | 44049 | SH |  | SOLE |  | 40510 | 0 | 3539 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 219395057 | 1176381 | SH |  | SOLE |  | 891817 | 0 | 284564 |
| MCDONALDS CORP COM | COM | 580135101 |  | 10852616 | 35509 | SH |  | SOLE |  | 33138 | 0 | 2371 |
| MEDTRONIC PLC SHS | SHS | G5960L103 |  | 34554895 | 359722 | SH |  | SOLE |  | 344582 | 0 | 15140 |
| ORACLE CORP COM | COM | 68389X105 |  | 27051364 | 138789 | SH |  | SOLE |  | 114890 | 0 | 23899 |
| MERCK  CO INC COM | COM | 58933Y105 |  | 55220975 | 524615 | SH |  | SOLE |  | 505996 | 0 | 18619 |
| META PLATFORMS INC CL A | CL A | 30303M102 |  | 471687112 | 714580 | SH |  | SOLE |  | 163066 | 0 | 551514 |
| MGE ENERGY INC COM | COM | 55277P104 |  | 6312888 | 80501 | SH |  | SOLE |  | 80501 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 11356298 | 61652 | SH |  | SOLE |  | 51877 | 0 | 9775 |
| MOHAWK INDS INC COM | COM | 608190104 |  | 33927922 | 310411 | SH |  | SOLE |  | 202816 | 0 | 107595 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 12719430 | 14471 | SH |  | SOLE |  | 12135 | 0 | 2336 |
| MSC INDL DIRECT INC CL A | CL A | 553530106 |  | 29373018 | 349263 | SH |  | SOLE |  | 338371 | 0 | 10892 |
| MUELLER WTR PRODS INC COM SER A | COM SER A | 624758108 |  | 4777625 | 200572 | SH |  | SOLE |  | 130267 | 0 | 70305 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 26149202 | 182466 | SH |  | SOLE |  | 128457 | 0 | 54009 |
| NEWMONT CORP COM | COM | 651639106 |  | 10010162 | 100252 | SH |  | SOLE |  | 90597 | 0 | 9655 |
| NEXSTAR MEDIA GROUP INC COMMON STOCK | COM STK | 65336K103 |  | 35141457 | 173068 | SH |  | SOLE |  | 167634 | 0 | 5434 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 8985419 | 111926 | SH |  | SOLE |  | 104063 | 0 | 7863 |
| NIKE INC CL B | CL B | 654106103 |  | 11154092 | 175076 | SH |  | SOLE |  | 162793 | 0 | 12283 |
| NOBLE CORP PLC ORD SHS A | SHS A | G65431127 |  | 33933099 | 1201597 | SH |  | SOLE |  | 1152744 | 0 | 48853 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 10714977 | 37112 | SH |  | SOLE |  | 37112 | 0 | 0 |
| NUTRIEN LTD COM | COM | 67077M108 |  | 21684253 | 255952 | SH |  | SOLE |  | 255952 | 0 | 0 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 51458086 | 403087 | SH |  | SOLE |  | 298393 | 0 | 104694 |
| NVR INC COM | COM | 62944T105 |  | 127886015 | 17536 | SH |  | SOLE |  | 3086 | 0 | 14450 |
| NXP SEMICONDUCTORS N V COM | COM | N6596X109 |  | 454983590 | 2096119 | SH |  | SOLE |  | 341340 | 0 | 1754779 |
| OGE ENERGY CORP COM | COM | 670837103 |  | 6738572 | 157812 | SH |  | SOLE |  | 157812 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC COM | COM | 681936100 |  | 9961247 | 224656 | SH |  | SOLE |  | 71912 | 0 | 152744 |
| OMNICOM GROUP INC COM | COM | 681919106 |  | 34855092 | 431642 | SH |  | SOLE |  | 415663 | 0 | 15979 |
| PUBLIC STORAGE OPER CO COM | COM | 74460D109 |  | 10041612 | 38696 | SH |  | SOLE |  | 28099 | 0 | 10597 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 14862078 | 170144 | SH |  | SOLE |  | 164064 | 0 | 6080 |
| PALANTIR TECHNOLOGIES INC CL A | CL A | 69608A108 |  | 3134444 | 17634 | SH |  | SOLE |  | 17634 | 0 | 0 |
| ROLLINS INC COM | COM | 775711104 |  | 14942579 | 248960 | SH |  | SOLE |  | 142000 | 0 | 106960 |
| ROYAL BK CDA COM | COM | 780087102 |  | 74698406 | 321162 | SH |  | SOLE |  | 308923 | 0 | 12239 |
| PENNYMAC FINL SVCS INC NEW COM | COM | 70932M107 |  | 8297878 | 62939 | SH |  | SOLE |  | 41108 | 0 | 21831 |
| PEPSICO INC COM | COM | 713448108 |  | 45763361 | 318864 | SH |  | SOLE |  | 307551 | 0 | 11313 |
| PG CORP COM | COM | 69331C108 |  | 1782404 | 110915 | SH |  | SOLE |  | 110915 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 7404315 | 57380 | SH |  | SOLE |  | 57380 | 0 | 0 |
| PINNACLE FINL PARTNERS INC COM | COM | 72346Q104 |  | 12963548 | 135872 | SH |  | SOLE |  | 88483 | 0 | 47389 |
| PPL CORP COM | COM | 69351T106 |  | 15193357 | 433848 | SH |  | SOLE |  | 433848 | 0 | 0 |
| S GLOBAL INC COM | COM | 78409V104 |  | 22101376 | 42292 | SH |  | SOLE |  | 21197 | 0 | 21095 |
| PROGRESSIVE CORP COM | COM | 743315103 |  | 14115224 | 61985 | SH |  | SOLE |  | 35295 | 0 | 26690 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | SPONSORED ADS | 874039100 |  | 288912174 | 950713 | SH |  | SOLE |  | 197001 | 0 | 753712 |
| PRUDENTIAL FINL INC COM | COM | 744320102 |  | 30241681 | 267910 | SH |  | SOLE |  | 258347 | 0 | 9563 |
| PTC INC COM | COM | 69370C100 |  | 226551743 | 1300452 | SH |  | SOLE |  | 192896 | 0 | 1107556 |
| PUBLIC SVC ENTERPRISE GRP IN COM | COM | 744573106 |  | 40957898 | 510061 | SH |  | SOLE |  | 510061 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 258509449 | 446129 | SH |  | SOLE |  | 112598 | 0 | 333531 |
| QUEST DIAGNOSTICS INC COM | COM | 74834L100 |  | 30393085 | 175146 | SH |  | SOLE |  | 114129 | 0 | 61017 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 2391779 | 42430 | SH |  | SOLE |  | 12823 | 0 | 29607 |
| REGENCY CTRS CORP COM | COM | 758849103 |  | 6348620 | 91969 | SH |  | SOLE |  | 30131 | 0 | 61838 |
| RENAISSANCERE HLDGS LTD COM | COM | G7496G103 |  | 1178342 | 4191 | SH |  | SOLE |  | 4191 | 0 | 0 |
| REPUBLIC SVCS INC COM | COM | 760759100 |  | 3781043 | 17841 | SH |  | SOLE |  | 17841 | 0 | 0 |
| REXFORD INDL RLTY INC COM | COM | 76169C100 |  | 6442853 | 166396 | SH |  | SOLE |  | 54534 | 0 | 111862 |
| TJX COS INC NEW COM | COM | 872540109 |  | 20928441 | 136244 | SH |  | SOLE |  | 103018 | 0 | 33226 |
| TYLER TECHNOLOGIES INC COM | COM | 902252105 |  | 6406596 | 14113 | SH |  | SOLE |  | 12532 | 0 | 1581 |
| VISA INC COM CL A | CL A | 92826C839 |  | 208931975 | 595740 | SH |  | SOLE |  | 165806 | 0 | 429934 |
| SALESFORCE INC COM | COM | 79466L302 |  | 8456192 | 31921 | SH |  | SOLE |  | 31921 | 0 | 0 |
| SERVICENOW INC COM | COM | 81762P102 |  | 5926462 | 38687 | SH |  | SOLE |  | 38687 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | COM | 824348106 |  | 8412791 | 25963 | SH |  | SOLE |  | 21170 | 0 | 4793 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 23123386 | 124917 | SH |  | SOLE |  | 73666 | 0 | 51251 |
| SOUTHERN CO COM | COM | 842587107 |  | 7521959 | 86261 | SH |  | SOLE |  | 80232 | 0 | 6029 |
| SPOTIFY TECHNOLOGY S A SHS | SHS | L8681T102 |  | 244834885 | 421613 | SH |  | SOLE |  | 72257 | 0 | 349356 |
| STAG INDL INC COM | COM | 85254J102 |  | 22105589 | 601349 | SH |  | SOLE |  | 337187 | 0 | 264162 |
| STIFEL FINL CORP COM | COM | 860630102 |  | 44123521 | 352368 | SH |  | SOLE |  | 231189 | 0 | 121179 |
| STRATEGIC ED INC COM | COM | 86272C103 |  | 27767646 | 346230 | SH |  | SOLE |  | 227341 | 0 | 118889 |
| STRYKER CORPORATION COM | COM | 863667101 |  | 7618464 | 21676 | SH |  | SOLE |  | 19817 | 0 | 1859 |
| SYSCO CORP COM | COM | 871829107 |  | 28489659 | 386615 | SH |  | SOLE |  | 386615 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC COM | COM | 955306105 |  | 14999257 | 54515 | SH |  | SOLE |  | 38209 | 0 | 16306 |
| TAKE-TWO INTERACTIVE SOFTWAR COM | COM | 874054109 |  | 15737396 | 61467 | SH |  | SOLE |  | 39154 | 0 | 22313 |
| TARGA RES CORP COM | COM | 87612G101 |  | 10069826 | 54579 | SH |  | SOLE |  | 54579 | 0 | 0 |
| TC ENERGY CORP COM | COM | 87807B107 |  | 16541817 | 218865 | SH |  | SOLE |  | 218865 | 0 | 0 |
| TENNANT CO COM | COM | 880345103 |  | 17066709 | 231570 | SH |  | SOLE |  | 154779 | 0 | 76791 |
| TESLA INC COM | COM | 88160R101 |  | 26601388 | 59151 | SH |  | SOLE |  | 56965 | 0 | 2186 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 45613470 | 262917 | SH |  | SOLE |  | 254514 | 0 | 8403 |
| THERMON GROUP HLDGS INC COM | COM | 88362T103 |  | 25628397 | 689677 | SH |  | SOLE |  | 456186 | 0 | 233491 |
| TIDEWATER INC NEW COM | COM | 88642R109 |  | 1472569 | 29154 | SH |  | SOLE |  | 29154 | 0 | 0 |
| TIMKEN CO COM | COM | 887389104 |  | 27136720 | 322557 | SH |  | SOLE |  | 211804 | 0 | 110753 |
| TRANSALTA CORP COM | COM | 89346D107 |  | 4250700 | 244856 | SH |  | SOLE |  | 244856 | 0 | 0 |
| TRANSPORTADORA DE GAS SUR SPONSORED ADS B | SPONSORED ADS | 893870204 |  | 3140587 | 101016 | SH |  | SOLE |  | 101016 | 0 | 0 |
| TRIPADVISOR INC COM | COM | 896945201 |  | 26434175 | 1815534 | SH |  | SOLE |  | 1187637 | 0 | 627897 |
| TRONOX HOLDINGS PLC SHS | SHS | G9087Q102 |  | 18127549 | 4347134 | SH |  | SOLE |  | 2854128 | 0 | 1493006 |
| TXNM ENERGY INC COM | COM | 69349H107 |  | 7361060 | 125018 | SH |  | SOLE |  | 125018 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 10577338 | 45726 | SH |  | SOLE |  | 37170 | 0 | 8556 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 7614647 | 23067 | SH |  | SOLE |  | 23067 | 0 | 0 |
| VENTAS INC COM | COM | 92276F100 |  | 3987314 | 51529 | SH |  | SOLE |  | 12643 | 0 | 38886 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 8482919 | 208272 | SH |  | SOLE |  | 208272 | 0 | 0 |
| VICI PPTYS INC COM | COM | 925652109 |  | 14700405 | 522774 | SH |  | SOLE |  | 168066 | 0 | 354708 |
| VISHAY INTERTECHNOLOGY INC COM | COM | 928298108 |  | 18745278 | 1293670 | SH |  | SOLE |  | 848941 | 0 | 444729 |
| WALMART INC COM | COM | 931142103 |  | 7383291 | 65935 | SH |  | SOLE |  | 48506 | 0 | 17429 |
| WARNER BROS DISCOVERY INC COM SER A | COM SER A | 934423104 |  | 837480 | 29059 | SH |  | SOLE |  | 29059 | 0 | 0 |
| WELLS FARGO CO NEW COM | COM | 949746101 |  | 15227016 | 163380 | SH |  | SOLE |  | 152085 | 0 | 11295 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 21543010 | 116066 | SH |  | SOLE |  | 38631 | 0 | 77435 |
| WESCO INTL INC COM | COM | 95082P105 |  | 45505976 | 186012 | SH |  | SOLE |  | 121915 | 0 | 64097 |
| WEST FRASER TIMBER CO LTD COM | COM | 952845105 |  | 3376988 | 40303 | SH |  | SOLE |  | 26110 | 0 | 14193 |
| WESTLAKE CORPORATION COM | COM | 960413102 |  | 17443851 | 235919 | SH |  | SOLE |  | 226837 | 0 | 9082 |
| WILLIAMS COS INC COM | COM | 969457100 |  | 26119598 | 434530 | SH |  | SOLE |  | 383915 | 0 | 50615 |
| WINTRUST FINL CORP COM | COM | 97650W108 |  | 46213866 | 330524 | SH |  | SOLE |  | 216836 | 0 | 113688 |
| WP CAREY INC COM | COM | 92936U109 |  | 11057305 | 171804 | SH |  | SOLE |  | 55967 | 0 | 115837 |
| YETI HLDGS INC COM | COM | 98585X104 |  | 17034646 | 385661 | SH |  | SOLE |  | 251798 | 0 | 133863 |
| YUM CHINA HLDGS INC COM | COM | 98850P109 |  | 7509311 | 157296 | SH |  | SOLE |  | 157296 | 0 | 0 |
| ZOETIS INC CL A | CL A | 98978V103 |  | 132596288 | 1053857 | SH |  | SOLE |  | 249950 | 0 | 803907 |
| FIRSTSERVICE CORP NEW COM | COM | 33767E202 |  | 52264 | 336 | SH |  | SOLE |  | 0 | 0 | 336 |
| ROGERS COMMUNICATIONS INC CL B | CL B | 775109200 |  | 152683 | 4044 | SH |  | SOLE |  | 0 | 0 | 4044 |
| THOMSON REUTERS CORP COM | COM | 884903808 |  | 4126809 | 31265 | SH |  | SOLE |  | 0 | 0 | 31265 |
| GARMIN LTD SHS | SHS | H2906T109 |  | 6246766 | 30795 | SH |  | SOLE |  | 0 | 0 | 30795 |
| TRANE TECHNOLOGIES PLC SHS | SHS | G8994E103 |  | 5912726 | 15192 | SH |  | SOLE |  | 0 | 0 | 15192 |
| PENTAIR PLC SHS | SHS | G7S00T104 |  | 5264798 | 50555 | SH |  | SOLE |  | 0 | 0 | 50555 |
| ABBVIE INC COM | COM | 00287Y109 |  | 6573200 | 28768 | SH |  | SOLE |  | 0 | 0 | 28768 |
| ADOBE INC COM | COM | 00724F101 |  | 1803148 | 5152 | SH |  | SOLE |  | 0 | 0 | 5152 |
| ALPHABET INC CAP STK CL C | CAP STK CL C | 02079K107 |  | 6658836 | 21220 | SH |  | SOLE |  | 0 | 0 | 21220 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 109836 | 224 | SH |  | SOLE |  | 0 | 0 | 224 |
| ELEVANCE HEALTH INC FORMERLY COM | COM | 036752103 |  | 243282 | 694 | SH |  | SOLE |  | 0 | 0 | 694 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 1870887 | 7280 | SH |  | SOLE |  | 0 | 0 | 7280 |
| AUTOZONE INC COM | COM | 053332102 |  | 105136 | 31 | SH |  | SOLE |  | 0 | 0 | 31 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 54695 | 1014 | SH |  | SOLE |  | 0 | 0 | 1014 |
| CF INDS HLDGS INC COM | COM | 125269100 |  | 38902 | 503 | SH |  | SOLE |  | 0 | 0 | 503 |
| DOVER CORP COM | COM | 260003108 |  | 36119 | 185 | SH |  | SOLE |  | 0 | 0 | 185 |
| ELECTRONIC ARTS INC COM | COM | 285512109 |  | 9045689 | 44270 | SH |  | SOLE |  | 0 | 0 | 44270 |
| ESSENTIAL UTILS INC COM | COM | 29670G102 |  | 2284338 | 59550 | SH |  | SOLE |  | 0 | 0 | 59550 |
| FACTSET RESH SYS INC COM | COM | 303075105 |  | 63261 | 218 | SH |  | SOLE |  | 0 | 0 | 218 |
| FOX CORP CL B COM | COM | 35137L204 |  | 150443 | 2317 | SH |  | SOLE |  | 0 | 0 | 2317 |
| HUMANA INC COM | COM | 444859102 |  | 267400 | 1044 | SH |  | SOLE |  | 0 | 0 | 1044 |
| INTUIT COM | COM | 461202103 |  | 117911 | 178 | SH |  | SOLE |  | 0 | 0 | 178 |
| LENNOX INTL INC COM | COM | 526107107 |  | 79150 | 163 | SH |  | SOLE |  | 0 | 0 | 163 |
| LULULEMON ATHLETICA INC COM | COM | 550021109 |  | 45303 | 218 | SH |  | SOLE |  | 0 | 0 | 218 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 243626 | 297 | SH |  | SOLE |  | 0 | 0 | 297 |
| NETAPP INC COM | COM | 64110D104 |  | 4283707 | 40001 | SH |  | SOLE |  | 0 | 0 | 40001 |
| PACCAR INC COM | COM | 693718108 |  | 69648 | 636 | SH |  | SOLE |  | 0 | 0 | 636 |
| QUALCOMM INC COM | COM | 747525103 |  | 2138296 | 12501 | SH |  | SOLE |  | 0 | 0 | 12501 |
| REGENERON PHARMACEUTICALS COM | COM | 75886F107 |  | 89537 | 116 | SH |  | SOLE |  | 0 | 0 | 116 |
| SNAP ON INC COM | COM | 833034101 |  | 5341989 | 15502 | SH |  | SOLE |  | 0 | 0 | 15502 |
| VERTEX PHARMACEUTICALS INC COM | COM | 92532F100 |  | 116514 | 257 | SH |  | SOLE |  | 0 | 0 | 257 |

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