# EDGAR Filing Document

**Accession Number:** 0002072459
**File Stem:** 0002072459-26-000007
**Filing Date:** 2026-5
**Character Count:** 18432
**Document Hash:** 062b0e82e5794cd53ff63c4ee993e08c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002072459-26-000007.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0002072459-26-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Life Cycle Investment Partners Ltd
- **CENTRAL INDEX KEY:** 0002072459

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0630
- **LEGAL ENTITY IDENTIFIER:** 529900I07EBSJT7MSD62

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26137
- **FILM NUMBER:** 26966021

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 4 FREDERICKS PLACE
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2R 8AB
- **BUSINESS PHONE:** 020 45918446

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 4 FREDERICKS PLACE
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2R 8AB

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Life Cycle Investment Partners Ltd<br>**Address:** 4 FREDERICKS PLACE<br>LONDON, X0 EC2R 8AB

**Form 13F File Number:** 028-26137

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:** Jessica Frecklton<br>**Title:** Compliance Officer<br>**Phone:** 442045918446

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

Jessica Frecklton  London, X0  05-12-2026<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 132

**Form 13F Information Table Value Total:** $15685646791

      (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 |
| Apple Inc | COM | 037833100 | BBG000B9XRY4 | 905606217 | 3568329 | SH |  | SOLE |  | 3568329 | 0 | 0 |
| AbbVie Inc | COM | 00287Y109 | BBG0025Y4RY4 | 157212212 | 722848 | SH |  | SOLE |  | 722848 | 0 | 0 |
| Automatic Data Processing Inc | COM | 053015103 | BBG000JG0547 | 109316732 | 538029 | SH |  | SOLE |  | 538029 | 0 | 0 |
| Arthur J Gallagher  Co | COM | 363576109 | BBG000BBHXQ3 | 25733602 | 118818 | SH |  | SOLE |  | 118818 | 0 | 0 |
| Alnylam Pharmaceuticals Inc | COM | 02043Q107 | BBG000BFGNJ5 | 58742991 | 177541 | SH |  | SOLE |  | 177541 | 0 | 0 |
| Applied Materials Inc | COM | 038222105 | BBG000BBPFB9 | 106933445 | 312863 | SH |  | SOLE |  | 312863 | 0 | 0 |
| Advanced Micro Devices Inc | COM | 007903107 | BBG000BBQCY0 | 39046354 | 191940 | SH |  | SOLE |  | 191940 | 0 | 0 |
| AMETEK Inc | COM | 031100100 | BBG000B9XG87 | 74566841 | 347858 | SH |  | SOLE |  | 347858 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 | BBG000BVPV84 | 626184165 | 3006598 | SH |  | SOLE |  | 3006598 | 0 | 0 |
| Arista Networks Inc | COM | 040413205 | BBG000N2HDY5 | 166294214 | 1354408 | SH |  | SOLE |  | 1354408 | 0 | 0 |
| Amphenol Corp | COM | 032095101 | BBG000B9YJ35 | 68559532 | 542616 | SH |  | SOLE |  | 542616 | 0 | 0 |
| Apollo Global Management Inc | COM | 03769M106 | BBG00ZNLTFK3 | 26141026 | 234617 | SH |  | SOLE |  | 234617 | 0 | 0 |
| Argenx SE | ADR | 04016X101 | BBG00GHB88X9 | 42987627 | 58867 | SH |  | SOLE |  | 58867 | 0 | 0 |
| ASML Holding NV | NYREG | N07059210 | BBG000K6MRN4 | 7091536 | 5369 | SH |  | SOLE |  | 5369 | 0 | 0 |
| Broadcom Inc | COM | 11135F101 | BBG00KHY5S69 | 346525848 | 1119595 | SH |  | SOLE |  | 1119595 | 0 | 0 |
| Bank of America Corp | COM | 060505104 | BBG000BCTLF6 | 130129106 | 2669315 | SH |  | SOLE |  | 2669315 | 0 | 0 |
| BJ's Wholesale Club Holdings Inc | COM | 05550J101 | BBG00FQ8T4G3 | 53131939 | 539849 | SH |  | SOLE |  | 539849 | 0 | 0 |
| Bank of New York Mellon Corp/The | COM | 064058100 | BBG000BD8PN9 | 60475201 | 509780 | SH |  | SOLE |  | 509780 | 0 | 0 |
| Booking Holdings Inc | COM | 09857L108 | BBG000BLBVN4 | 161183681 | 38283 | SH |  | SOLE |  | 38283 | 0 | 0 |
| TopBuild Corp | COM | 89055F103 | BBG0077VS2C0 | 50282974 | 143134 | SH |  | SOLE |  | 143134 | 0 | 0 |
| Brookfield Corp | COM | 11271J107 | BBG000C9K6K8 | 16374515 | 404309 | SH |  | SOLE |  | 404309 | 0 | 0 |
| Brookfield Corp | COM | 11271J107 | BBG000C9KL89 | 1379541 | 34088 | SH |  | SOLE |  | 34088 | 0 | 0 |
| Berkshire Hathaway Inc | COM | 084670702 | BBG000DWG505 | 163579233 | 341359 | SH |  | SOLE |  | 341359 | 0 | 0 |
| Chubb Ltd | COM | H1467J104 | BBG000BR14K5 | 1798482 | 5518 | SH |  | SOLE |  | 5518 | 0 | 0 |
| Church  Dwight Co Inc | COM | 171340102 | BBG000BFJT36 | 47931112 | 513621 | SH |  | SOLE |  | 513621 | 0 | 0 |
| CME Group Inc | COM | 12572Q105 | BBG000BHLYP4 | 311868039 | 1055927 | SH |  | SOLE |  | 1055927 | 0 | 0 |
| Canadian Natural Resources Ltd | COM | 136385101 | BBG0014LGC02 | 5758701 | 84874 | SH |  | SOLE |  | 84874 | 0 | 0 |
| Canadian Pacific Kansas City Ltd | COM | 13646K108 | BBG000DMM476 | 47789676 | 436555 | SH |  | SOLE |  | 436555 | 0 | 0 |
| Copart Inc | COM | 217204106 | BBG000BM9RH1 | 25744376 | 775433 | SH |  | SOLE |  | 775433 | 0 | 0 |
| CRH PLC | COM | G25508105 | BBG000D3JXM1 | 42474787 | 404060 | SH |  | SOLE |  | 404060 | 0 | 0 |
| Crowdstrike Holdings Inc | COM | 22788C105 | BBG00BLYKS03 | 35644433 | 91300 | SH |  | SOLE |  | 91300 | 0 | 0 |
| Cintas Corp | COM | 172908105 | BBG000H3YXF8 | 37615383 | 222392 | SH |  | SOLE |  | 222392 | 0 | 0 |
| Coterra Energy Inc | COM | 127097103 | BBG000C3GN47 | 36404443 | 1035983 | SH |  | SOLE |  | 1035983 | 0 | 0 |
| CareTrust REIT Inc | REIT | 14174T107 | BBG005KC4Z70 | 59474960 | 1622782 | SH |  | SOLE |  | 1622782 | 0 | 0 |
| Cenovus Energy Inc | COM | 15135U109 | BBG000FT86F1 | 47631602 | 1294337 | SH |  | SOLE |  | 1294337 | 0 | 0 |
| Chevron Corp | COM | 166764100 | BBG000K4ND22 | 1232503 | 5957 | SH |  | SOLE |  | 5957 | 0 | 0 |
| Delta Air Lines Inc | COM | 247361702 | BBG000R7Z112 | 373779412 | 5622434 | SH |  | SOLE |  | 5622434 | 0 | 0 |
| Dell Technologies Inc | COM | 24703L202 | BBG00DW3SZS1 | 40691274 | 247921 | SH |  | SOLE |  | 247921 | 0 | 0 |
| Dollar General Corp | COM | 256677105 | BBG000NV1KK7 | 267778655 | 2255358 | SH |  | SOLE |  | 2255358 | 0 | 0 |
| Elevance Health Inc | COM | 036752103 | BBG000BCG930 | 35404600 | 120938 | SH |  | SOLE |  | 120938 | 0 | 0 |
| EOG Resources Inc | COM | 26875P101 | BBG000BZ9223 | 151237135 | 1046117 | SH |  | SOLE |  | 1046117 | 0 | 0 |
| Eversource Energy | COM | 30040W108 | BBG000BQ87N0 | 976017 | 14088 | SH |  | SOLE |  | 14088 | 0 | 0 |
| Entergy Corp | COM | 29364G103 | BBG000C1FQS9 | 1056633 | 9404 | SH |  | SOLE |  | 9404 | 0 | 0 |
| Expeditors International of Washington Inc | COM | 302130109 | BBG000BJ5GK2 | 48331961 | 337443 | SH |  | SOLE |  | 337443 | 0 | 0 |
| Ford Motor Co | COM | 345370860 | BBG000BQPC32 | 25113348 | 2176200 | SH |  | SOLE |  | 2176200 | 0 | 0 |
| Freeport-McMoRan Inc | COM | 35671D857 | BBG000BJDB15 | 50401499 | 857460 | SH |  | SOLE |  | 857460 | 0 | 0 |
| General Electric Co | COM | 369604301 | BBG000BK6MB5 | 6558492 | 23112 | SH |  | SOLE |  | 23112 | 0 | 0 |
| Gilead Sciences Inc | COM | 375558103 | BBG000CKGBP2 | 1610142 | 11553 | SH |  | SOLE |  | 11553 | 0 | 0 |
| General Motors Co | COM | 37045V100 | BBG000NDYB67 | 237741644 | 3191163 | SH |  | SOLE |  | 3191163 | 0 | 0 |
| Alphabet Inc | COM | 02079K305 | BBG009S39JX6 | 970711691 | 3375684 | SH |  | SOLE |  | 3375684 | 0 | 0 |
| Halliburton Co | COM | 406216101 | BBG000BKTFN2 | 20640760 | 529386 | SH |  | SOLE |  | 529386 | 0 | 0 |
| HCA Healthcare Inc | COM | 40412C101 | BBG000QW7VC1 | 328523208 | 694200 | SH |  | SOLE |  | 694200 | 0 | 0 |
| HEICO Corp | COM | 422806208 | BBG000F0CD91 | 31112766 | 147391 | SH |  | SOLE |  | 147391 | 0 | 0 |
| Installed Building Products Inc | COM | 45780R101 | BBG005TJKDZ6 | 44409443 | 167488 | SH |  | SOLE |  | 167488 | 0 | 0 |
| IDACORP Inc | COM | 451107106 | BBG000BLR3Y7 | 66177239 | 462875 | SH |  | SOLE |  | 462875 | 0 | 0 |
| IDEXX Laboratories Inc | COM | 45168D104 | BBG000BLRT07 | 61514593 | 109478 | SH |  | SOLE |  | 109478 | 0 | 0 |
| Intuit Inc | COM | 461202103 | BBG000BH5DV1 | 29948368 | 69264 | SH |  | SOLE |  | 69264 | 0 | 0 |
| Jones Lang LaSalle Inc | COM | 48020Q107 | BBG000C2L2L0 | 52007071 | 170896 | SH |  | SOLE |  | 170896 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 | BBG000BMHYD1 | 76933090 | 314732 | SH |  | SOLE |  | 314732 | 0 | 0 |
| JPMorgan Chase  Co | COM | 46625H100 | BBG000DMBXR2 | 167191425 | 568369 | SH |  | SOLE |  | 568369 | 0 | 0 |
| KB Financial Group Inc | ADR | 48241A105 | BBG000J600W9 | 4752135 | 47650 | SH |  | SOLE |  | 47650 | 0 | 0 |
| KLA Corp | COM | 482480100 | BBG000BMTFR4 | 28691381 | 19486 | SH |  | SOLE |  | 19486 | 0 | 0 |
| Kinder Morgan Inc | COM | 49456B101 | BBG0019JZ882 | 84686520 | 2525694 | SH |  | SOLE |  | 2525694 | 0 | 0 |
| Kinsale Capital Group Inc | COM | 49714P108 | BBG00D8JD9Z9 | 192802496 | 564311 | SH |  | SOLE |  | 564311 | 0 | 0 |
| Lithia Motors Inc | COM | 536797103 | BBG000K3BC83 | 45864574 | 183664 | SH |  | SOLE |  | 183664 | 0 | 0 |
| Lear Corp | COM | 521865204 | BBG000PTLGZ1 | 33370738 | 275609 | SH |  | SOLE |  | 275609 | 0 | 0 |
| Eli Lilly  Co | COM | 532457108 | BBG000BNBDC2 | 128384256 | 139583 | SH |  | SOLE |  | 139583 | 0 | 0 |
| Lam Research Corp | COM | 512807306 | BBG000BNFLM9 | 27683499 | 129568 | SH |  | SOLE |  | 129568 | 0 | 0 |
| McDonald's Corp | COM | 580135101 | BBG000BNSZP1 | 90420932 | 290939 | SH |  | SOLE |  | 290939 | 0 | 0 |
| MercadoLibre Inc | COM | 58733R102 | BBG000GQPB11 | 14492646 | 8382 | SH |  | SOLE |  | 8382 | 0 | 0 |
| Meta Platforms Inc | COM | 30303M102 | BBG000MM2P62 | 444150812 | 776311 | SH |  | SOLE |  | 776311 | 0 | 0 |
| Marathon Petroleum Corp | COM | 56585A102 | BBG001DCCGR8 | 1219435 | 4994 | SH |  | SOLE |  | 4994 | 0 | 0 |
| Morgan Stanley | COM | 617446448 | BBG000BLZRJ2 | 79058111 | 480392 | SH |  | SOLE |  | 480392 | 0 | 0 |
| Microsoft Corp | COM | 594918104 | BBG000BPH459 | 827900752 | 2236542 | SH |  | SOLE |  | 2236542 | 0 | 0 |
| Mettler-Toledo International Inc | COM | 592688105 | BBG000BZCKH3 | 64978285 | 51521 | SH |  | SOLE |  | 51521 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 | BBG000C5Z1S3 | 52445606 | 155238 | SH |  | SOLE |  | 155238 | 0 | 0 |
| Newmont Corp | COM | 651639106 | BBG000BPWXK1 | 190360331 | 1758525 | SH |  | SOLE |  | 1758525 | 0 | 0 |
| Netflix Inc | COM | 64110L106 | BBG000CL9VN6 | 110482119 | 1149060 | SH |  | SOLE |  | 1149060 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 | BBG000BQ2C28 | 156776023 | 229796 | SH |  | SOLE |  | 229796 | 0 | 0 |
| NOV Inc | COM | 62955J103 | BBG000BJX8C8 | 1062464 | 56484 | SH |  | SOLE |  | 56484 | 0 | 0 |
| NRG Energy Inc | COM | 629377508 | BBG000D8RG11 | 786233 | 5380 | SH |  | SOLE |  | 5380 | 0 | 0 |
| NU Holdings Ltd/Cayman Islands | COM | G6683N103 | BBG0136WM1M4 | 37709524 | 2624184 | SH |  | SOLE |  | 2624184 | 0 | 0 |
| NVIDIA Corp | COM | 67066G104 | BBG000BBJQV0 | 1144981518 | 6565261 | SH |  | SOLE |  | 6565261 | 0 | 0 |
| NXP Semiconductors NV | COM | N6596X109 | BBG000BND699 | 27051123 | 137413 | SH |  | SOLE |  | 137413 | 0 | 0 |
| Old Dominion Freight Line Inc | COM | 679580100 | BBG000CHSS88 | 215557659 | 1103161 | SH |  | SOLE |  | 1103161 | 0 | 0 |
| OGE Energy Corp | COM | 670837103 | BBG000BQGLS5 | 58912242 | 1228362 | SH |  | SOLE |  | 1228362 | 0 | 0 |
| Ollie's Bargain Outlet Holdings Inc | COM | 681116109 | BBG0098VVDT9 | 23261637 | 252734 | SH |  | SOLE |  | 252734 | 0 | 0 |
| Oracle Corp | COM | 68389X105 | BBG000BQLTW7 | 91025931 | 618761 | SH |  | SOLE |  | 618761 | 0 | 0 |
| Occidental Petroleum Corp | COM | 674599105 | BBG000BQQ2S6 | 47139495 | 725223 | SH |  | SOLE |  | 725223 | 0 | 0 |
| Palo Alto Networks Inc | COM | 697435105 | BBG0014GJCT9 | 47519970 | 296407 | SH |  | SOLE |  | 296407 | 0 | 0 |
| PACCAR Inc | COM | 693718108 | BBG000BQVTF5 | 55514844 | 480648 | SH |  | SOLE |  | 480648 | 0 | 0 |
| PG Corp | COM | 69331C108 | BBG000BQWPC5 | 962713 | 54793 | SH |  | SOLE |  | 54793 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 | BBG000DH7JK6 | 117163820 | 754484 | SH |  | SOLE |  | 754484 | 0 | 0 |
| Progressive Corp/The | COM | 743315103 | BBG000BR37X2 | 307346935 | 1550378 | SH |  | SOLE |  | 1550378 | 0 | 0 |
| Parker-Hannifin Corp | COM | 701094104 | BBG000BR3KL6 | 73987110 | 82645 | SH |  | SOLE |  | 82645 | 0 | 0 |
| Prologis Inc | REIT | 74340W103 | BBG000B9Z0J8 | 56886174 | 430369 | SH |  | SOLE |  | 430369 | 0 | 0 |
| Palantir Technologies Inc | COM | 69608A108 | BBG000N7QR55 | 160236136 | 1095407 | SH |  | SOLE |  | 1095407 | 0 | 0 |
| PNC Financial Services Group Inc/The | ADR | 693475105 | BBG000BRD0D8 | 44791164 | 215249 | SH |  | SOLE |  | 215249 | 0 | 0 |
| Primerica Inc | COM | 74164M108 | BBG000T8ZF80 | 61415943 | 245193 | SH |  | SOLE |  | 245193 | 0 | 0 |
| Phillips 66 | COM | 718546104 | BBG00286S4N9 | 2190532 | 12024 | SH |  | SOLE |  | 12024 | 0 | 0 |
| ResMed Inc | COM | 761152107 | BBG000L4M7F1 | 46701493 | 208043 | SH |  | SOLE |  | 208043 | 0 | 0 |
| Rollins Inc | COM | 775711104 | BBG000BSBBP1 | 40613124 | 760403 | SH |  | SOLE |  | 760403 | 0 | 0 |
| RPM International Inc | COM | 749685103 | BBG000DCNK80 | 24568400 | 247167 | SH |  | SOLE |  | 247167 | 0 | 0 |
| Range Resources Corp | COM | 75281A109 | BBG000FVXD63 | 38588057 | 854096 | SH |  | SOLE |  | 854096 | 0 | 0 |
| Reliance Inc | COM | 759509102 | BBG000CJ2181 | 39161612 | 128855 | SH |  | SOLE |  | 128855 | 0 | 0 |
| Saia Inc | COM | 78709Y105 | BBG000P5LMQ0 | 33286590 | 94758 | SH |  | SOLE |  | 94758 | 0 | 0 |
| Shell PLC | ADR | 780259305 | BBG0147BN6G2 | 9596019 | 103183 | SH |  | SOLE |  | 103183 | 0 | 0 |
| Shopify Inc | COM | 82509L107 | BBG008HBD923 | 57756315 | 486902 | SH |  | SOLE |  | 486902 | 0 | 0 |
| Sylvamo Corp | COM | 871332102 | BBG0122M8031 | 14512312 | 343568 | SH |  | SOLE |  | 343568 | 0 | 0 |
| Synopsys Inc | COM | 871607107 | BBG000BSFRF3 | 51181603 | 129090 | SH |  | SOLE |  | 129090 | 0 | 0 |
| STERIS PLC | COM | G8473T100 | BBG00MRHG523 | 53570290 | 242257 | SH |  | SOLE |  | 242257 | 0 | 0 |
| Steel Dynamics Inc | COM | 858119100 | BBG000HGYNZ9 | 485342460 | 2696347 | SH |  | SOLE |  | 2696347 | 0 | 0 |
| Seagate Technology Holdings PLC | COM | G7997R103 | BBG0113JGQF0 | 14307075 | 36520 | SH |  | SOLE |  | 36520 | 0 | 0 |
| Suncor Energy Inc | COM | 867224107 | BBG000BC1LY5 | 93417179 | 1412843 | SH |  | SOLE |  | 1412843 | 0 | 0 |
| Sunbelt Rentals Holdings Inc | COM | 866966104 | BBG020NKPSZ0 | 24154039 | 384496 | SH |  | SOLE |  | 384496 | 0 | 0 |
| Sunbelt Rentals Holdings Inc | COM | 866966104 | BBG01ZZ7RBW8 | 11762349 | 180709 | SH |  | SOLE |  | 180709 | 0 | 0 |
| Stryker Corp | COM | 863667101 | BBG000DN7P92 | 68540260 | 208589 | SH |  | SOLE |  | 208589 | 0 | 0 |
| Thor Industries Inc | COM | 885160101 | BBG000BV6R84 | 261600204 | 3274505 | SH |  | SOLE |  | 3274505 | 0 | 0 |
| T-Mobile US Inc | COM | 872590104 | BBG000NDV1D4 | 83536702 | 397737 | SH |  | SOLE |  | 397737 | 0 | 0 |
| Tesla Inc | COM | 88160R101 | BBG000N9MNX3 | 76927343 | 206933 | SH |  | SOLE |  | 206933 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | ADR | 874039100 | BBG000BD8ZK0 | 562105138 | 1663279 | SH |  | SOLE |  | 1663279 | 0 | 0 |
| Tyson Foods Inc | COM | 902494103 | BBG000DKCC19 | 66438219 | 1036963 | SH |  | SOLE |  | 1036963 | 0 | 0 |
| United Airlines Holdings Inc | COM | 910047109 | BBG000M65M61 | 1067368 | 11593 | SH |  | SOLE |  | 11593 | 0 | 0 |
| UBS Group AG | COM | H42097107 | BBG007936GV2 | 52825454 | 1719019 | SH |  | SOLE |  | 1719019 | 0 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 | BBG000CH5208 | 61646355 | 227822 | SH |  | SOLE |  | 227822 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 | BBG000BW3299 | 62532879 | 257740 | SH |  | SOLE |  | 257740 | 0 | 0 |
| Visa Inc | COM | 92826C839 | BBG000PSKYX7 | 408116485 | 1350306 | SH |  | SOLE |  | 1350306 | 0 | 0 |
| Valero Energy Corp | COM | 91913Y100 | BBG000BBGGQ1 | 279377309 | 1130716 | SH |  | SOLE |  | 1130716 | 0 | 0 |
| Vertex Pharmaceuticals Inc | COM | 92532F100 | BBG000C1S2X2 | 196660235 | 440409 | SH |  | SOLE |  | 440409 | 0 | 0 |
| Welltower Inc | REIT | 95040Q104 | BBG000BKY1G5 | 1656414 | 8378 | SH |  | SOLE |  | 8378 | 0 | 0 |
| Walmart Inc | COM | 931142103 | BBG000BWXBC2 | 100957615 | 812340 | SH |  | SOLE |  | 812340 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 | BBG000GZQ728 | 20418581 | 120350 | SH |  | SOLE |  | 120350 | 0 | 0 |

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