# EDGAR Filing Document

**Accession Number:** 0002105395
**File Stem:** 0002105395-26-000001
**Filing Date:** 2026-2
**Character Count:** 20067
**Document Hash:** 63cba1b280181086c9454b2cfa549708
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002105395-26-000001.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0002105395-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arbejdsmarkedets Tillaegspension
- **CENTRAL INDEX KEY:** 0002105395

**ORGANIZATION NAME:**
- **EIN:** 980415296
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 549300Y1IIQ0WYJR9F68

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26080
- **FILM NUMBER:** 26600641

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KONGENS VAENGE 8
- **CITY:** HILLEROED
- **PROVINCE COUNTRY:** G7
- **ZIP:** 3400
- **BUSINESS PHONE:** 004570111213

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KONGENS VAENGE 8
- **CITY:** HILLEROED
- **PROVINCE COUNTRY:** G7
- **ZIP:** 3400

### 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:** Arbejdsmarkedets Tillaegspension<br>**Address:** KONGENS VAENGE 8<br>HILLEROED, G7 3400

**Form 13F File Number:** 028-26080

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:** Philip Weng<br>**Title:** Operations Officer<br>**Phone:** 004541473302

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

Philip Weng  Hilleroed, G7  02-05-2026<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:** 167

**Form 13F Information Table Value Total:** $3925429153

      (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 |
| LOEWS CORP | COM | 540424108 |  | 23882623 | 226784 | SH |  | SOLE |  | 226784 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 24455796 | 836954 | SH |  | SOLE |  | 836954 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 23872007 | 166576 | SH |  | SOLE |  | 166576 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 23399824 | 102757 | SH |  | SOLE |  | 102757 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 23766795 | 91991 | SH |  | SOLE |  | 91991 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 23251883 | 101973 | SH |  | SOLE |  | 101973 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 24072010 | 116318 | SH |  | SOLE |  | 116318 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 24939184 | 77398 | SH |  | SOLE |  | 77398 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 24012274 | 140275 | SH |  | SOLE |  | 140275 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 24682820 | 247199 | SH |  | SOLE |  | 247199 | 0 | 0 |
| NEWMARKET CORP | COM | 651587107 |  | 21325678 | 31030 | SH |  | SOLE |  | 31030 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 22739202 | 284027 | SH |  | SOLE |  | 284027 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 22549468 | 240502 | SH |  | SOLE |  | 240502 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 22604771 | 132153 | SH |  | SOLE |  | 132153 | 0 | 0 |
| QIAGEN NV | COM SHS | N72482206 |  | 22957770 | 510513 | SH |  | SOLE |  | 510513 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 23784413 | 184361 | SH |  | SOLE |  | 184361 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 23423451 | 189036 | SH |  | SOLE |  | 189036 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 24141265 | 244419 | SH |  | SOLE |  | 244419 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 24339364 | 864324 | SH |  | SOLE |  | 864324 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 23058573 | 18977 | SH |  | SOLE |  | 18977 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 23199214 | 331844 | SH |  | SOLE |  | 331844 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 23103667 | 369777 | SH |  | SOLE |  | 369777 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 22704655 | 179370 | SH |  | SOLE |  | 179370 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 24700836 | 43268 | SH |  | SOLE |  | 43268 | 0 | 0 |
| NNN REIT INC | COM | 637417106 |  | 23460247 | 591982 | SH |  | SOLE |  | 591982 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 24086241 | 42241 | SH |  | SOLE |  | 42241 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 23684400 | 343103 | SH |  | SOLE |  | 343103 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 22686743 | 125758 | SH |  | SOLE |  | 125758 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 24617312 | 83855 | SH |  | SOLE |  | 83855 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 24094988 | 49817 | SH |  | SOLE |  | 49817 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 24013960 | 539276 | SH |  | SOLE |  | 539276 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 24429869 | 47822 | SH |  | SOLE |  | 47822 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 22427801 | 233477 | SH |  | SOLE |  | 233477 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 24282726 | 211522 | SH |  | SOLE |  | 211522 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 24238990 | 316147 | SH |  | SOLE |  | 316147 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 23839545 | 879688 | SH |  | SOLE |  | 879688 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 22646884 | 141023 | SH |  | SOLE |  | 141023 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 23133520 | 65421 | SH |  | SOLE |  | 65421 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 22725844 | 94349 | SH |  | SOLE |  | 94349 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 24826147 | 88299 | SH |  | SOLE |  | 88299 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 |  | 23603835 | 147395 | SH |  | SOLE |  | 147395 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 22861685 | 47272 | SH |  | SOLE |  | 47272 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 21234448 | 198286 | SH |  | SOLE |  | 198286 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 23818701 | 174381 | SH |  | SOLE |  | 174381 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 22872995 | 262576 | SH |  | SOLE |  | 262576 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 22796258 | 514124 | SH |  | SOLE |  | 514124 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 24064839 | 400947 | SH |  | SOLE |  | 400947 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 23549026 | 111117 | SH |  | SOLE |  | 111117 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 24538574 | 537655 | SH |  | SOLE |  | 537655 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 22508713 | 246779 | SH |  | SOLE |  | 246779 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 22749246 | 698258 | SH |  | SOLE |  | 698258 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 24370149 | 360772 | SH |  | SOLE |  | 360772 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 24129960 | 218846 | SH |  | SOLE |  | 218846 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 23543318 | 293192 | SH |  | SOLE |  | 293192 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 23390136 | 285176 | SH |  | SOLE |  | 285176 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 23468197 | 72426 | SH |  | SOLE |  | 72426 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 23990368 | 886562 | SH |  | SOLE |  | 886562 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 23376630 | 67837 | SH |  | SOLE |  | 67837 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 23724155 | 272066 | SH |  | SOLE |  | 272066 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 23780526 | 128467 | SH |  | SOLE |  | 128467 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 23227814 | 94307 | SH |  | SOLE |  | 94307 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 24100658 | 77216 | SH |  | SOLE |  | 77216 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 23046318 | 91818 | SH |  | SOLE |  | 91818 | 0 | 0 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 23375096 | 446601 | SH |  | SOLE |  | 446601 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 23452934 | 258577 | SH |  | SOLE |  | 258577 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 25424323 | 246910 | SH |  | SOLE |  | 246910 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 22235284 | 119828 | SH |  | SOLE |  | 119828 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 24148910 | 277255 | SH |  | SOLE |  | 277255 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 24106424 | 91827 | SH |  | SOLE |  | 91827 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 24108540 | 242736 | SH |  | SOLE |  | 242736 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 23324364 | 384827 | SH |  | SOLE |  | 384827 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 22813649 | 37290 | SH |  | SOLE |  | 37290 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 709283 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 24033880 | 191826 | SH |  | SOLE |  | 191826 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 24133176 | 92224 | SH |  | SOLE |  | 92224 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 23777385 | 508281 | SH |  | SOLE |  | 508281 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 24271117 | 253035 | SH |  | SOLE |  | 253035 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 23177972 | 1349911 | SH |  | SOLE |  | 1349911 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 22115225 | 231986 | SH |  | SOLE |  | 231986 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 23425139 | 69581 | SH |  | SOLE |  | 69581 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 25111222 | 81522 | SH |  | SOLE |  | 81522 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 23301803 | 856999 | SH |  | SOLE |  | 856999 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 23917607 | 194864 | SH |  | SOLE |  | 194864 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 24442073 | 174761 | SH |  | SOLE |  | 174761 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 25149834 | 562762 | SH |  | SOLE |  | 562762 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 23934890 | 166492 | SH |  | SOLE |  | 166492 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 23713517 | 139878 | SH |  | SOLE |  | 139878 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 24080249 | 115687 | SH |  | SOLE |  | 115687 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 23848821 | 212197 | SH |  | SOLE |  | 212197 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 23168608 | 531512 | SH |  | SOLE |  | 531512 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 24347740 | 555504 | SH |  | SOLE |  | 555504 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 25221106 | 89023 | SH |  | SOLE |  | 89023 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 23137874 | 576573 | SH |  | SOLE |  | 576573 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 23013731 | 90158 | SH |  | SOLE |  | 90158 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 23514406 | 147685 | SH |  | SOLE |  | 147685 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 24296332 | 248175 | SH |  | SOLE |  | 248175 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 23781901 | 200353 | SH |  | SOLE |  | 200353 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 24736442 | 85807 | SH |  | SOLE |  | 85807 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 24256289 | 74108 | SH |  | SOLE |  | 74108 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 23849157 | 48638 | SH |  | SOLE |  | 48638 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 23875340 | 302143 | SH |  | SOLE |  | 302143 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 22716088 | 168093 | SH |  | SOLE |  | 168093 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 23447749 | 139878 | SH |  | SOLE |  | 139878 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 23416494 | 350127 | SH |  | SOLE |  | 350127 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 24480562 | 24261 | SH |  | SOLE |  | 24261 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 24461223 | 134491 | SH |  | SOLE |  | 134491 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 24411114 | 127740 | SH |  | SOLE |  | 127740 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 22228605 | 47613 | SH |  | SOLE |  | 47613 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 23180296 | 67365 | SH |  | SOLE |  | 67365 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 24646908 | 178860 | SH |  | SOLE |  | 178860 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 25300291 | 375933 | SH |  | SOLE |  | 375933 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 |  | 25136807 | 234726 | SH |  | SOLE |  | 234726 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 22571988 | 62693 | SH |  | SOLE |  | 62693 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 24214660 | 555637 | SH |  | SOLE |  | 555637 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 23632175 | 1332892 | SH |  | SOLE |  | 1332892 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 23675234 | 130098 | SH |  | SOLE |  | 130098 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 24919361 | 121546 | SH |  | SOLE |  | 121546 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 23291021 | 200629 | SH |  | SOLE |  | 200629 | 0 | 0 |
| IDACORP INC | COM | 451107106 |  | 23537882 | 185982 | SH |  | SOLE |  | 185982 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 25950378 | 868196 | SH |  | SOLE |  | 868196 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 23513826 | 86106 | SH |  | SOLE |  | 86106 | 0 | 0 |
| COCA COLA CONS INC | COM | 191098102 |  | 20603520 | 134400 | SH |  | SOLE |  | 134400 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 23290564 | 68958 | SH |  | SOLE |  | 68958 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 21987912 | 185552 | SH |  | SOLE |  | 185552 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 22533509 | 292529 | SH |  | SOLE |  | 292529 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 23883762 | 126994 | SH |  | SOLE |  | 126994 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 23847975 | 287325 | SH |  | SOLE |  | 287325 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 23679353 | 353265 | SH |  | SOLE |  | 353265 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 23786749 | 43149 | SH |  | SOLE |  | 43149 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 22050293 | 793176 | SH |  | SOLE |  | 793176 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 22871975 | 257974 | SH |  | SOLE |  | 257974 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 24840993 | 199494 | SH |  | SOLE |  | 199494 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 23789922 | 47329 | SH |  | SOLE |  | 47329 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 24296789 | 926651 | SH |  | SOLE |  | 926651 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 |  | 24674593 | 289472 | SH |  | SOLE |  | 289472 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 24271913 | 301477 | SH |  | SOLE |  | 301477 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 23238132 | 55751 | SH |  | SOLE |  | 55751 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 24160906 | 131295 | SH |  | SOLE |  | 131295 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 23656612 | 201831 | SH |  | SOLE |  | 201831 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 23953754 | 287112 | SH |  | SOLE |  | 287112 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 23611381 | 320415 | SH |  | SOLE |  | 320415 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 23572117 | 948958 | SH |  | SOLE |  | 948958 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 22403137 | 98471 | SH |  | SOLE |  | 98471 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 23754069 | 129967 | SH |  | SOLE |  | 129967 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 23248413 | 151347 | SH |  | SOLE |  | 151347 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 22598952 | 220736 | SH |  | SOLE |  | 220736 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 24167219 | 83318 | SH |  | SOLE |  | 83318 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 24605656 | 220047 | SH |  | SOLE |  | 220047 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 21337014 | 261131 | SH |  | SOLE |  | 261131 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 23061783 | 616131 | SH |  | SOLE |  | 616131 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 22502498 | 103213 | SH |  | SOLE |  | 103213 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 23234937 | 100445 | SH |  | SOLE |  | 100445 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 24983528 | 71237 | SH |  | SOLE |  | 71237 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 23560595 | 837859 | SH |  | SOLE |  | 837859 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 23582704 | 236347 | SH |  | SOLE |  | 236347 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 22612396 | 56205 | SH |  | SOLE |  | 56205 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 23243269 | 95671 | SH |  | SOLE |  | 95671 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 23600836 | 579446 | SH |  | SOLE |  | 579446 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 23633549 | 137189 | SH |  | SOLE |  | 137189 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 24414615 | 111122 | SH |  | SOLE |  | 111122 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 23015780 | 357610 | SH |  | SOLE |  | 357610 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 24363895 | 347460 | SH |  | SOLE |  | 347460 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 23719334 | 72183 | SH |  | SOLE |  | 72183 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 24435921 | 80828 | SH |  | SOLE |  | 80828 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 24598884 | 162605 | SH |  | SOLE |  | 162605 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 24270567 | 414598 | SH |  | SOLE |  | 414598 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 22903264 | 265422 | SH |  | SOLE |  | 265422 | 0 | 0 |

---