# EDGAR Filing Document

**Accession Number:** 0001572838
**File Stem:** 0001592828-25-000010
**Filing Date:** 2025-8
**Character Count:** 51838
**Document Hash:** d743fbab6d7d4bbb136d6c19f8ee41fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592828-25-000010.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001592828-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empirical Finance, LLC
- **CENTRAL INDEX KEY:** 0001572838

**ORGANIZATION NAME:**
- **EIN:** 273001230
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17745
- **FILM NUMBER:** 251201530

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 2158829983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE
- **STREET 2:** SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Empirical Finance LLC<br>**Address:** 3803 WEST CHESTER PIKE<br>SUITE 150<br>NEWTOWN SQUARE, PA 19073

**Form 13F File Number:** 028-17745

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:** Brian Massaro<br>**Title:** Chief Data Officer<br>**Phone:** 12158829983

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

Brian Massaro  Whitefish Bay, WI  08-11-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 508

**Form 13F Information Table Value Total:** $1910193006

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 5376837 | 50059 | SH |  | SOLE |  | 50059 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3381577 | 73052 | SH |  | SOLE |  | 73052 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 2304072 | 48681 | SH |  | SOLE |  | 48681 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 636548 | 6919 | SH |  | SOLE |  | 6919 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 4473739 | 13533 | SH |  | SOLE |  | 13533 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 719473 | 10385 | SH |  | SOLE |  | 10385 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2340452 | 71727 | SH |  | SOLE |  | 71727 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 3706226 | 53729 | SH |  | SOLE |  | 53729 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 631683 | 24889 | SH |  | SOLE |  | 24889 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 2906471 | 9432 | SH |  | SOLE |  | 9432 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1008554 | 10123 | SH |  | SOLE |  | 10123 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 225707 | 7364 | SH |  | SOLE |  | 7364 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 385449 | 5735 | SH |  | SOLE |  | 5735 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 6912855 | 17807 | SH |  | SOLE |  | 17807 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 202176 | 3654 | SH |  | SOLE |  | 3654 | 0 | 0 |
| CENTURY CMNTYS INC | COM | 156504300 |  | 1148252 | 20388 | SH |  | SOLE |  | 20388 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 220615 | 1454 | SH |  | SOLE |  | 1454 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 8771390 | 61257 | SH |  | SOLE |  | 61257 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 2681949 | 47764 | SH |  | SOLE |  | 47764 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 831063 | 8647 | SH |  | SOLE |  | 8647 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 826059 | 5547 | SH |  | SOLE |  | 5547 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 995844 | 9552 | SH |  | SOLE |  | 9552 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2688258 | 12062 | SH |  | SOLE |  | 12062 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 5761092 | 67682 | SH |  | SOLE |  | 67682 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 738286 | 16498 | SH |  | SOLE |  | 16498 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 530229 | 4416 | SH |  | SOLE |  | 4416 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 9566957 | 135222 | SH |  | SOLE |  | 135222 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1393226 | 17855 | SH |  | SOLE |  | 17855 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2647826 | 29129 | SH |  | SOLE |  | 29129 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 243432 | 4081 | SH |  | SOLE |  | 4081 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 351552 | 17174 | SH |  | SOLE |  | 17174 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1226578 | 12223 | SH |  | SOLE |  | 12223 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 499472 | 7019 | SH |  | SOLE |  | 7019 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 1439174 | 29329 | SH |  | SOLE |  | 29329 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1422191 | 27043 | SH |  | SOLE |  | 27043 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 848796 | 2558 | SH |  | SOLE |  | 2558 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 913647 | 9021 | SH |  | SOLE |  | 9021 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 1000245 | 9713 | SH |  | SOLE |  | 9713 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 1610973 | 4919 | SH |  | SOLE |  | 4919 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 951460 | 7183 | SH |  | SOLE |  | 7183 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 4502134 | 22791 | SH |  | SOLE |  | 22791 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 949259 | 4355 | SH |  | SOLE |  | 4355 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 927527 | 8999 | SH |  | SOLE |  | 8999 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 4758449 | 9358 | SH |  | SOLE |  | 9358 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1105714 | 22483 | SH |  | SOLE |  | 22483 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 1132500 | 12974 | SH |  | SOLE |  | 12974 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 513317 | 2595 | SH |  | SOLE |  | 2595 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 7863598 | 63411 | SH |  | SOLE |  | 63411 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 921903 | 8060 | SH |  | SOLE |  | 8060 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 753397 | 7607 | SH |  | SOLE |  | 7607 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 913218 | 4984 | SH |  | SOLE |  | 4984 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 659855 | 24919 | SH |  | SOLE |  | 24919 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1231815 | 16499 | SH |  | SOLE |  | 16499 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1144971 | 15377 | SH |  | SOLE |  | 15377 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2368378 | 8790 | SH |  | SOLE |  | 8790 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 2662664 | 300866 | SH |  | SOLE |  | 300866 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 698096 | 13529 | SH |  | SOLE |  | 13529 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 1440494 | 9020 | SH |  | SOLE |  | 9020 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2682466 | 20119 | SH |  | SOLE |  | 20119 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1117885 | 4310 | SH |  | SOLE |  | 4310 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 622206 | 5446 | SH |  | SOLE |  | 5446 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 439229 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 1688148 | 40194 | SH |  | SOLE |  | 40194 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 2270162 | 11685 | SH |  | SOLE |  | 11685 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 626902 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 990452 | 24081 | SH |  | SOLE |  | 24081 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1528762 | 9235 | SH |  | SOLE |  | 9235 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 3588542 | 20814 | SH |  | SOLE |  | 20814 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 754030 | 18729 | SH |  | SOLE |  | 18729 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1496475 | 137924 | SH |  | SOLE |  | 137924 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 255600 | 10717 | SH |  | SOLE |  | 10717 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 73109 | 19975 | SH |  | SOLE |  | 19975 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 913381 | 41879 | SH |  | SOLE |  | 41879 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 1128986 | 2793 | SH |  | SOLE |  | 2793 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 264652 | 1848 | SH |  | SOLE |  | 1848 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2334447 | 8004 | SH |  | SOLE |  | 8004 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 9739380 | 37839 | SH |  | SOLE |  | 37839 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1062209 | 20502 | SH |  | SOLE |  | 20502 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 616497 | 5082 | SH |  | SOLE |  | 5082 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4841028 | 43664 | SH |  | SOLE |  | 43664 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 1643579 | 1580 | SH |  | SOLE |  | 1580 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 5268776 | 49941 | SH |  | SOLE |  | 49941 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 3593094 | 15648 | SH |  | SOLE |  | 15648 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 640442 | 31425 | SH |  | SOLE |  | 31425 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1390241 | 10958 | SH |  | SOLE |  | 10958 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 349907 | 4740 | SH |  | SOLE |  | 4740 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 464298 | 2577 | SH |  | SOLE |  | 2577 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 874059 | 5267 | SH |  | SOLE |  | 5267 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 570280 | 8752 | SH |  | SOLE |  | 8752 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 12899128 | 35182 | SH |  | SOLE |  | 35182 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5400021 | 23188 | SH |  | SOLE |  | 23188 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 320590 | 10598 | SH |  | SOLE |  | 10598 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 2487814 | 13366 | SH |  | SOLE |  | 13366 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1078890 | 4413 | SH |  | SOLE |  | 4413 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 428502 | 2984 | SH |  | SOLE |  | 2984 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 804530 | 48003 | SH |  | SOLE |  | 48003 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 355429 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2389919 | 9666 | SH |  | SOLE |  | 9666 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 553855 | 5805 | SH |  | SOLE |  | 5805 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 969954 | 7152 | SH |  | SOLE |  | 7152 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3281958 | 146516 | SH |  | SOLE |  | 146516 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 9274074 | 31461 | SH |  | SOLE |  | 31461 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 588621 | 8003 | SH |  | SOLE |  | 8003 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 599705 | 12806 | SH |  | SOLE |  | 12806 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 342475 | 13990 | SH |  | SOLE |  | 13990 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 7639223 | 9699 | SH |  | SOLE |  | 9699 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 1648138 | 12816 | SH |  | SOLE |  | 12816 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 1153531 | 5289 | SH |  | SOLE |  | 5289 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13083496 | 85653 | SH |  | SOLE |  | 85653 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 4322841 | 4826 | SH |  | SOLE |  | 4826 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 636081 | 7998 | SH |  | SOLE |  | 7998 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 585347 | 33602 | SH |  | SOLE |  | 33602 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1531054 | 11876 | SH |  | SOLE |  | 11876 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 695074 | 26920 | SH |  | SOLE |  | 26920 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 6949274 | 96881 | SH |  | SOLE |  | 96881 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 358738 | 9693 | SH |  | SOLE |  | 9693 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1702200 | 6786 | SH |  | SOLE |  | 6786 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 825856 | 3146 | SH |  | SOLE |  | 3146 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4543442 | 46676 | SH |  | SOLE |  | 46676 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 265991 | 5130 | SH |  | SOLE |  | 5130 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 511982 | 11767 | SH |  | SOLE |  | 11767 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 668458 | 8273 | SH |  | SOLE |  | 8273 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1741670 | 11040 | SH |  | SOLE |  | 11040 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 991176 | 8961 | SH |  | SOLE |  | 8961 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 21561020 | 27659 | SH |  | SOLE |  | 27659 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 729775 | 4824 | SH |  | SOLE |  | 4824 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3637965 | 7855 | SH |  | SOLE |  | 7855 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 631171 | 6886 | SH |  | SOLE |  | 6886 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 4674579 | 21069 | SH |  | SOLE |  | 21069 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 44882 | 10247 | SH |  | SOLE |  | 10247 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 374541 | 10891 | SH |  | SOLE |  | 10891 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3770447 | 17245 | SH |  | SOLE |  | 17245 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 2429383 | 8892 | SH |  | SOLE |  | 8892 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 1207712 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1501326 | 23327 | SH |  | SOLE |  | 23327 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 611497 | 31009 | SH |  | SOLE |  | 31009 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 990452 | 14109 | SH |  | SOLE |  | 14109 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 673130 | 8878 | SH |  | SOLE |  | 8878 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 929204 | 791 | SH |  | SOLE |  | 791 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 125792999 | 252896 | SH |  | SOLE |  | 252896 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1343856 | 19097 | SH |  | SOLE |  | 19097 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4807490 | 39006 | SH |  | SOLE |  | 39006 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 206430 | 1969 | SH |  | SOLE |  | 1969 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3208525 | 47576 | SH |  | SOLE |  | 47576 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1017350 | 1391 | SH |  | SOLE |  | 1391 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2769780 | 5522 | SH |  | SOLE |  | 5522 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 6355885 | 45122 | SH |  | SOLE |  | 45122 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 2447918 | 5822 | SH |  | SOLE |  | 5822 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1309530 | 8155 | SH |  | SOLE |  | 8155 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 1127139 | 12605 | SH |  | SOLE |  | 12605 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 2850778 | 48932 | SH |  | SOLE |  | 48932 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3052092 | 42963 | SH |  | SOLE |  | 42963 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 283397 | 1322 | SH |  | SOLE |  | 1322 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2081036 | 8130 | SH |  | SOLE |  | 8130 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 931526 | 7347 | SH |  | SOLE |  | 7347 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 2517899 | 5036 | SH |  | SOLE |  | 5036 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 596056 | 20274 | SH |  | SOLE |  | 20274 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1160678 | 8960 | SH |  | SOLE |  | 8960 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1046259 | 24905 | SH |  | SOLE |  | 24905 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 991004 | 6106 | SH |  | SOLE |  | 6106 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 520126 | 7230 | SH |  | SOLE |  | 7230 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 750092 | 14312 | SH |  | SOLE |  | 14312 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 942745 | 11549 | SH |  | SOLE |  | 11549 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1186834 | 10453 | SH |  | SOLE |  | 10453 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 430163 | 3128 | SH |  | SOLE |  | 3128 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2634301 | 14131 | SH |  | SOLE |  | 14131 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 950040 | 8352 | SH |  | SOLE |  | 8352 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1734465 | 18246 | SH |  | SOLE |  | 18246 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 605490 | 3213 | SH |  | SOLE |  | 3213 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2025936 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| PARKE BANCORP INC | COM | 700885106 |  | 721241 | 35407 | SH |  | SOLE |  | 35407 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3131939 | 4484 | SH |  | SOLE |  | 4484 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1638898 | 11267 | SH |  | SOLE |  | 11267 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 6313889 | 47818 | SH |  | SOLE |  | 47818 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 427116 | 4416 | SH |  | SOLE |  | 4416 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 4781267 | 197247 | SH |  | SOLE |  | 197247 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 9809522 | 53860 | SH |  | SOLE |  | 53860 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1852252 | 15526 | SH |  | SOLE |  | 15526 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 368348 | 4117 | SH |  | SOLE |  | 4117 | 0 | 0 |
| PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 |  | 3247542 | 234649 | SH |  | SOLE |  | 234649 | 0 | 0 |
| PRICESMART INC | COM | 741511109 |  | 2061200 | 19623 | SH |  | SOLE |  | 19623 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 13159991 | 82601 | SH |  | SOLE |  | 82601 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 5414589 | 20290 | SH |  | SOLE |  | 20290 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1387265 | 12912 | SH |  | SOLE |  | 12912 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 1479043 | 17570 | SH |  | SOLE |  | 17570 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 843785 | 8001 | SH |  | SOLE |  | 8001 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 5109857 | 32085 | SH |  | SOLE |  | 32085 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 421020 | 1535 | SH |  | SOLE |  | 1535 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 986629 | 6433 | SH |  | SOLE |  | 6433 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1783484 | 7232 | SH |  | SOLE |  | 7232 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 1322766 | 5127 | SH |  | SOLE |  | 5127 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1349275 | 4062 | SH |  | SOLE |  | 4062 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 485776 | 8610 | SH |  | SOLE |  | 8610 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 2108645 | 3720 | SH |  | SOLE |  | 3720 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1535043 | 12032 | SH |  | SOLE |  | 12032 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 356849 | 4885 | SH |  | SOLE |  | 4885 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 924734 | 27359 | SH |  | SOLE |  | 27359 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 4622948 | 50668 | SH |  | SOLE |  | 50668 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1656332 | 21860 | SH |  | SOLE |  | 21860 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2840617 | 8273 | SH |  | SOLE |  | 8273 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 302737 | 4617 | SH |  | SOLE |  | 4617 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 375320 | 3822 | SH |  | SOLE |  | 3822 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 1642408 | 5278 | SH |  | SOLE |  | 5278 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3468878 | 37775 | SH |  | SOLE |  | 37775 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 688701 | 21230 | SH |  | SOLE |  | 21230 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 374793 | 5532 | SH |  | SOLE |  | 5532 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3664650 | 39994 | SH |  | SOLE |  | 39994 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1216530 | 11440 | SH |  | SOLE |  | 11440 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 335642 | 2622 | SH |  | SOLE |  | 2622 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 4619772 | 11677 | SH |  | SOLE |  | 11677 | 0 | 0 |
| SUNRISE RLTY TR INC | COM | 867981102 |  | 262159 | 24732 | SH |  | SOLE |  | 24732 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 253264 | 494 | SH |  | SOLE |  | 494 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1339992 | 17692 | SH |  | SOLE |  | 17692 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 4956642 | 40138 | SH |  | SOLE |  | 40138 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 4316080 | 18115 | SH |  | SOLE |  | 18115 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 4703744 | 20768 | SH |  | SOLE |  | 20768 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1219107 | 5020 | SH |  | SOLE |  | 5020 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1788426 | 20367 | SH |  | SOLE |  | 20367 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 810474 | 1582 | SH |  | SOLE |  | 1582 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 200028 | 1690 | SH |  | SOLE |  | 1690 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 464796 | 5169 | SH |  | SOLE |  | 5169 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 1849073 | 61431 | SH |  | SOLE |  | 61431 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 6570343 | 31646 | SH |  | SOLE |  | 31646 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 585314 | 7290 | SH |  | SOLE |  | 7290 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 5641994 | 13915 | SH |  | SOLE |  | 13915 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1027274 | 19467 | SH |  | SOLE |  | 19467 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 2857283 | 1879 | SH |  | SOLE |  | 1879 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 543713 | 7156 | SH |  | SOLE |  | 7156 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 828790 | 1398 | SH |  | SOLE |  | 1398 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 577357 | 10321 | SH |  | SOLE |  | 10321 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2295849 | 50737 | SH |  | SOLE |  | 50737 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 4954083 | 21532 | SH |  | SOLE |  | 21532 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 1911120 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2551662 | 25279 | SH |  | SOLE |  | 25279 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 1822475 | 2419 | SH |  | SOLE |  | 2419 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 931654 | 5143 | SH |  | SOLE |  | 5143 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 1755323 | 24198 | SH |  | SOLE |  | 24198 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 3939857 | 57025 | SH |  | SOLE |  | 57025 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 953715 | 1679 | SH |  | SOLE |  | 1679 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 2167747 | 13181 | SH |  | SOLE |  | 13181 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 16731347 | 55050 | SH |  | SOLE |  | 55050 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1228723 | 4711 | SH |  | SOLE |  | 4711 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1301320 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 14414043 | 147413 | SH |  | SOLE |  | 147413 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 304254 | 26503 | SH |  | SOLE |  | 26503 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 900332 | 78563 | SH |  | SOLE |  | 78563 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 730192 | 2092 | SH |  | SOLE |  | 2092 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 10247829 | 127906 | SH |  | SOLE |  | 127906 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 546344 | 2497 | SH |  | SOLE |  | 2497 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 719760 | 11248 | SH |  | SOLE |  | 11248 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 4748451 | 122699 | SH |  | SOLE |  | 122699 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1756168 | 27960 | SH |  | SOLE |  | 27960 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 603816 | 3696 | SH |  | SOLE |  | 3696 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 302179 | 3226 | SH |  | SOLE |  | 3226 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 545180 | 1768 | SH |  | SOLE |  | 1768 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 981910 | 115928 | SH |  | SOLE |  | 115928 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 2044237 | 19384 | SH |  | SOLE |  | 19384 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 218890 | 20807 | SH |  | SOLE |  | 20807 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 7850554 | 271270 | SH |  | SOLE |  | 271270 | 0 | 0 |
| ATN INTL INC | COM | 00215F107 |  | 1073719 | 66075 | SH |  | SOLE |  | 66075 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 8255263 | 60696 | SH |  | SOLE |  | 60696 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 11372195 | 61266 | SH |  | SOLE |  | 61266 | 0 | 0 |
| ADAPTIMMUNE THERAPEUTICS PLC | SPONDS ADS | 00653A107 |  | 191760 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 6144815 | 15883 | SH |  | SOLE |  | 15883 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7955340 | 56063 | SH |  | SOLE |  | 56063 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1227068 | 10398 | SH |  | SOLE |  | 10398 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 428120 | 3235 | SH |  | SOLE |  | 3235 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2194145 | 7779 | SH |  | SOLE |  | 7779 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 441551 | 5536 | SH |  | SOLE |  | 5536 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 267852 | 4274 | SH |  | SOLE |  | 4274 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 1094998 | 37106 | SH |  | SOLE |  | 37106 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 1452600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 489607 | 2586 | SH |  | SOLE |  | 2586 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 544109 | 8998 | SH |  | SOLE |  | 8998 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 481219 | 5066 | SH |  | SOLE |  | 5066 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1897749 | 9427 | SH |  | SOLE |  | 9427 | 0 | 0 |
| EA SERIES TRUST | US QUAN VALUE | 02072L102 |  | 19146506 | 435049 | SH |  | SOLE |  | 435049 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN VALUE | 02072L201 |  | 12214479 | 438109 | SH |  | SOLE |  | 438109 | 0 | 0 |
| EA SERIES TRUST | INTL QUAN MOMNTM | 02072L300 |  | 8096098 | 238401 | SH |  | SOLE |  | 238401 | 0 | 0 |
| EA SERIES TRUST | US QUAN MOMENTUM | 02072L409 |  | 9883458 | 152100 | SH |  | SOLE |  | 152100 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L508 |  | 6475418 | 238242 | SH |  | SOLE |  | 238242 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072L516 |  | 18564273 | 208963 | SH |  | SOLE |  | 208963 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 2281432 | 20247 | SH |  | SOLE |  | 20247 | 0 | 0 |
| EA SERIES TRUST | RELATIVE SENTIME | 02072L813 |  | 2995409 | 90332 | SH |  | SOLE |  | 90332 | 0 | 0 |
| EA SERIES TRUST | ALPHA ARCHITECT | 02072Q408 |  | 516000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 33150998 | 186882 | SH |  | SOLE |  | 186882 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 36372110 | 206390 | SH |  | SOLE |  | 206390 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3645613 | 62180 | SH |  | SOLE |  | 62180 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 73075738 | 333086 | SH |  | SOLE |  | 333086 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 512492 | 72182 | SH |  | SOLE |  | 72182 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 878094 | 9143 | SH |  | SOLE |  | 9143 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 234464 | 20897 | SH |  | SOLE |  | 20897 | 0 | 0 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 368731 | 4651 | SH |  | SOLE |  | 4651 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 1870482 | 18027 | SH |  | SOLE |  | 18027 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 6546108 | 20522 | SH |  | SOLE |  | 20522 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2168679 | 25338 | SH |  | SOLE |  | 25338 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 939271 | 6752 | SH |  | SOLE |  | 6752 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1688455 | 5631 | SH |  | SOLE |  | 5631 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1957188 | 3667 | SH |  | SOLE |  | 3667 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 1464871 | 8095 | SH |  | SOLE |  | 8095 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 5271206 | 18879 | SH |  | SOLE |  | 18879 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 4093089 | 41449 | SH |  | SOLE |  | 41449 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4170824 | 17523 | SH |  | SOLE |  | 17523 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 3698621 | 9509 | SH |  | SOLE |  | 9509 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 220870 | 12076 | SH |  | SOLE |  | 12076 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 107065708 | 521839 | SH |  | SOLE |  | 521839 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 5398917 | 29491 | SH |  | SOLE |  | 29491 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1003348 | 19010 | SH |  | SOLE |  | 19010 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3497774 | 34188 | SH |  | SOLE |  | 34188 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 386883 | 1959 | SH |  | SOLE |  | 1959 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 756218 | 4907 | SH |  | SOLE |  | 4907 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 2323632 | 7506 | SH |  | SOLE |  | 7506 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4453296 | 14440 | SH |  | SOLE |  | 14440 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 3166532 | 853 | SH |  | SOLE |  | 853 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 516057 | 2941 | SH |  | SOLE |  | 2941 | 0 | 0 |
| AXCELIS TECHNOLOGIES INC | COM NEW | 054540208 |  | 229977 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 951303 | 1149 | SH |  | SOLE |  | 1149 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 4154293 | 54633 | SH |  | SOLE |  | 54633 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1734540 | 45241 | SH |  | SOLE |  | 45241 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 635724 | 11334 | SH |  | SOLE |  | 11334 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 11475999 | 242519 | SH |  | SOLE |  | 242519 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2395737 | 26295 | SH |  | SOLE |  | 26295 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 231111 | 7714 | SH |  | SOLE |  | 7714 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 551035 | 18198 | SH |  | SOLE |  | 18198 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1739553 | 10099 | SH |  | SOLE |  | 10099 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 766586 | 10434 | SH |  | SOLE |  | 10434 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 24872881 | 51203 | SH |  | SOLE |  | 51203 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 479375 | 7141 | SH |  | SOLE |  | 7141 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 657212 | 5233 | SH |  | SOLE |  | 5233 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 228387 | 4439 | SH |  | SOLE |  | 4439 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 774824 | 5180 | SH |  | SOLE |  | 5180 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 5271432 | 5024 | SH |  | SOLE |  | 5024 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4170485 | 19904 | SH |  | SOLE |  | 19904 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 7439173 | 1285 | SH |  | SOLE |  | 1285 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 288564 | 8619 | SH |  | SOLE |  | 8619 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 988889 | 4069 | SH |  | SOLE |  | 4069 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 40845541 | 148179 | SH |  | SOLE |  | 148179 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 876636 | 3759 | SH |  | SOLE |  | 3759 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1518060 | 10834 | SH |  | SOLE |  | 10834 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 816335 | 4571 | SH |  | SOLE |  | 4571 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 418534 | 4362 | SH |  | SOLE |  | 4362 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 3455999 | 12539 | SH |  | SOLE |  | 12539 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 4880680 | 22940 | SH |  | SOLE |  | 22940 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1519392 | 9044 | SH |  | SOLE |  | 9044 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2139124 | 29227 | SH |  | SOLE |  | 29227 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1496011 | 27561 | SH |  | SOLE |  | 27561 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 702432 | 19119 | SH |  | SOLE |  | 19119 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 234244 | 4229 | SH |  | SOLE |  | 4229 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 2535031 | 6201 | SH |  | SOLE |  | 6201 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 9904897 | 142763 | SH |  | SOLE |  | 142763 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5641554 | 158071 | SH |  | SOLE |  | 158071 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4276282 | 47652 | SH |  | SOLE |  | 47652 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 501542 | 3083 | SH |  | SOLE |  | 3083 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3590705 | 11125 | SH |  | SOLE |  | 11125 | 0 | 0 |
| CONTEXTLOGIC INC | CL A NEW | 21077C305 |  | 1256561 | 184517 | SH |  | SOLE |  | 184517 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 1858406 | 24935 | SH |  | SOLE |  | 24935 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 15212408 | 15367 | SH |  | SOLE |  | 15367 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 673430 | 8376 | SH |  | SOLE |  | 8376 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 524080 | 1029 | SH |  | SOLE |  | 1029 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1398911 | 10851 | SH |  | SOLE |  | 10851 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 298575 | 2096 | SH |  | SOLE |  | 2096 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 287987 | 2349 | SH |  | SOLE |  | 2349 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 869240 | 27326 | SH |  | SOLE |  | 27326 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 840476 | 6117 | SH |  | SOLE |  | 6117 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1652645 | 29240 | SH |  | SOLE |  | 29240 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 3159804 | 26778 | SH |  | SOLE |  | 26778 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1134204 | 16536 | SH |  | SOLE |  | 16536 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 2417438 | 20211 | SH |  | SOLE |  | 20211 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 509957 | 8744 | SH |  | SOLE |  | 8744 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1668141 | 21329 | SH |  | SOLE |  | 21329 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 1173549 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 7062469 | 389546 | SH |  | SOLE |  | 389546 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1219370 | 14670 | SH |  | SOLE |  | 14670 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 260279 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 557092 | 8082 | SH |  | SOLE |  | 8082 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 790606 | 12427 | SH |  | SOLE |  | 12427 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 1511537 | 34812 | SH |  | SOLE |  | 34812 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 821978 | 4873 | SH |  | SOLE |  | 4873 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 16962781 | 157354 | SH |  | SOLE |  | 157354 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57080190 | 77335 | SH |  | SOLE |  | 77335 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1851440 | 8145 | SH |  | SOLE |  | 8145 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1653926 | 20316 | SH |  | SOLE |  | 20316 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 2319074 | 21936 | SH |  | SOLE |  | 21936 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 642867 | 12332 | SH |  | SOLE |  | 12332 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 1824046 | 32549 | SH |  | SOLE |  | 32549 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 264862 | 5130 | SH |  | SOLE |  | 5130 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2172399 | 50113 | SH |  | SOLE |  | 50113 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 1026758 | 13862 | SH |  | SOLE |  | 13862 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 4596197 | 8686 | SH |  | SOLE |  | 8686 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3223944 | 65514 | SH |  | SOLE |  | 65514 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 752136 | 9397 | SH |  | SOLE |  | 9397 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 403943 | 3250 | SH |  | SOLE |  | 3250 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 8111523 | 11461 | SH |  | SOLE |  | 11461 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2786286 | 7273 | SH |  | SOLE |  | 7273 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 803144 | 32835 | SH |  | SOLE |  | 32835 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 2323593 | 16772 | SH |  | SOLE |  | 16772 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 932091 | 45579 | SH |  | SOLE |  | 45579 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 475950 | 1787 | SH |  | SOLE |  | 1787 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 456482 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1582739 | 2951 | SH |  | SOLE |  | 2951 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 442854 | 6503 | SH |  | SOLE |  | 6503 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1113614 | 13388 | SH |  | SOLE |  | 13388 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 366648 | 1167 | SH |  | SOLE |  | 1167 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1636552 | 8920 | SH |  | SOLE |  | 8920 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7721305 | 13997 | SH |  | SOLE |  | 13997 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 6629059 | 12199 | SH |  | SOLE |  | 12199 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1010309 | 6411 | SH |  | SOLE |  | 6411 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 30299654 | 104514 | SH |  | SOLE |  | 104514 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 594417 | 4522 | SH |  | SOLE |  | 4522 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 592507 | 28309 | SH |  | SOLE |  | 28309 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 667481 | 20190 | SH |  | SOLE |  | 20190 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 997744 | 6089 | SH |  | SOLE |  | 6089 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2009255 | 68342 | SH |  | SOLE |  | 68342 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1062483 | 5477 | SH |  | SOLE |  | 5477 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 3114655 | 60467 | SH |  | SOLE |  | 60467 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 1598723 | 2772 | SH |  | SOLE |  | 2772 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 925664 | 79388 | SH |  | SOLE |  | 79388 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3039979 | 18301 | SH |  | SOLE |  | 18301 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 300616 | 1346 | SH |  | SOLE |  | 1346 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 16332786 | 29065 | SH |  | SOLE |  | 29065 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1184415 | 38343 | SH |  | SOLE |  | 38343 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 3530534 | 4818 | SH |  | SOLE |  | 4818 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 2188860 | 6974 | SH |  | SOLE |  | 6974 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 7174271 | 90630 | SH |  | SOLE |  | 90630 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1814919 | 22568 | SH |  | SOLE |  | 22568 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 256587 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 873443 | 2932 | SH |  | SOLE |  | 2932 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 1207492 | 25109 | SH |  | SOLE |  | 25109 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 1638662 | 26160 | SH |  | SOLE |  | 26160 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 449689 | 12327 | SH |  | SOLE |  | 12327 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 805037 | 109 | SH |  | SOLE |  | 109 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 963412 | 77507 | SH |  | SOLE |  | 77507 | 0 | 0 |
| NATURAL GROCERS BY VITAMIN C | COM | 63888U108 |  | 1894951 | 48279 | SH |  | SOLE |  | 48279 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 804985 | 7555 | SH |  | SOLE |  | 7555 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 20307906 | 15165 | SH |  | SOLE |  | 15165 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 412514 | 13880 | SH |  | SOLE |  | 13880 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 1210385 | 22262 | SH |  | SOLE |  | 22262 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 1103767 | 6382 | SH |  | SOLE |  | 6382 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4883419 | 70346 | SH |  | SOLE |  | 70346 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 586624 | 14542 | SH |  | SOLE |  | 14542 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 134667832 | 852382 | SH |  | SOLE |  | 852382 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2921744 | 32417 | SH |  | SOLE |  | 32417 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 10050421 | 45970 | SH |  | SOLE |  | 45970 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1432027 | 14462 | SH |  | SOLE |  | 14462 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 523712 | 37569 | SH |  | SOLE |  | 37569 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 885139 | 26118 | SH |  | SOLE |  | 26118 | 0 | 0 |
| PACER FDS TR | TRENDP US MID CP | 69374H204 |  | 1688576 | 48411 | SH |  | SOLE |  | 48411 | 0 | 0 |
| PACER FDS TR | TRENDPILOT 100 | 69374H303 |  | 3379512 | 47352 | SH |  | SOLE |  | 47352 | 0 | 0 |
| PACER FDS TR | TRENDPILOT INTL | 69374H683 |  | 5601222 | 193079 | SH |  | SOLE |  | 193079 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 282182 | 2070 | SH |  | SOLE |  | 2070 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 389215 | 1682 | SH |  | SOLE |  | 1682 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2845787 | 38291 | SH |  | SOLE |  | 38291 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1068053 | 78418 | SH |  | SOLE |  | 78418 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 343946 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 770263 | 7982 | SH |  | SOLE |  | 7982 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 645051 | 8121 | SH |  | SOLE |  | 8121 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 291156 | 3429 | SH |  | SOLE |  | 3429 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1902120 | 5031 | SH |  | SOLE |  | 5031 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 733968 | 4086 | SH |  | SOLE |  | 4086 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 7149139 | 48960 | SH |  | SOLE |  | 48960 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1011675 | 1927 | SH |  | SOLE |  | 1927 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 785662 | 33404 | SH |  | SOLE |  | 33404 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 5552891 | 10531 | SH |  | SOLE |  | 10531 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 592894 | 1945 | SH |  | SOLE |  | 1945 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 9113572 | 33421 | SH |  | SOLE |  | 33421 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 6914866 | 6726 | SH |  | SOLE |  | 6726 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 433781 | 5821 | SH |  | SOLE |  | 5821 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 382613 | 5045 | SH |  | SOLE |  | 5045 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 226426 | 4620 | SH |  | SOLE |  | 4620 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1119796 | 8252 | SH |  | SOLE |  | 8252 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1049954 | 15732 | SH |  | SOLE |  | 15732 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1605134 | 16271 | SH |  | SOLE |  | 16271 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 745585 | 4283 | SH |  | SOLE |  | 4283 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 26163431 | 82363 | SH |  | SOLE |  | 82363 | 0 | 0 |
| THE ONE GROUP HOSPITALITY IN | COM | 88338K103 |  | 62978 | 15550 | SH |  | SOLE |  | 15550 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 2932295 | 19261 | SH |  | SOLE |  | 19261 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2187140 | 8175 | SH |  | SOLE |  | 8175 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1988416 | 46253 | SH |  | SOLE |  | 46253 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1098887 | 11778 | SH |  | SOLE |  | 11778 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 843479 | 1803 | SH |  | SOLE |  | 1803 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 917221 | 3192 | SH |  | SOLE |  | 3192 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 10845013 | 34763 | SH |  | SOLE |  | 34763 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1695439 | 12613 | SH |  | SOLE |  | 12613 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 787309 | 7799 | SH |  | SOLE |  | 7799 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 904233 | 3131 | SH |  | SOLE |  | 3131 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 7229725 | 167084 | SH |  | SOLE |  | 167084 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1623227 | 5211 | SH |  | SOLE |  | 5211 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 4009471 | 9006 | SH |  | SOLE |  | 9006 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 235670 | 18269 | SH |  | SOLE |  | 18269 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 364853 | 40857 | SH |  | SOLE |  | 40857 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15938550 | 44891 | SH |  | SOLE |  | 44891 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 313778 | 1619 | SH |  | SOLE |  | 1619 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1158391 | 11117 | SH |  | SOLE |  | 11117 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2971914 | 12988 | SH |  | SOLE |  | 12988 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 1307248 | 19196 | SH |  | SOLE |  | 19196 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 976539 | 7549 | SH |  | SOLE |  | 7549 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1042997 | 33090 | SH |  | SOLE |  | 33090 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 673768 | 7387 | SH |  | SOLE |  | 7387 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2509236 | 16090 | SH |  | SOLE |  | 16090 | 0 | 0 |
| GEOPARK LTD | USD SHS | G38327105 |  | 1370680 | 210227 | SH |  | SOLE |  | 210227 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 717799 | 31168 | SH |  | SOLE |  | 31168 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 337390 | 7819 | SH |  | SOLE |  | 7819 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 1105180 | 32090 | SH |  | SOLE |  | 32090 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 2822765 | 139327 | SH |  | SOLE |  | 139327 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 334270 | 8921 | SH |  | SOLE |  | 8921 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 1162603 | 89707 | SH |  | SOLE |  | 89707 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 4225597 | 38425 | SH |  | SOLE |  | 38425 | 0 | 0 |
| IMPERIAL PETE INC | COM NEW | Y3894J187 |  | 47380 | 15383 | SH |  | SOLE |  | 15383 | 0 | 0 |

---