# EDGAR Filing Document

**Accession Number:** 0002131483
**File Stem:** 0002131483-26-000016
**Filing Date:** 2026-5
**Character Count:** 30957
**Document Hash:** b7870cc15c24ad3207eb0ede1199e567
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002131483-26-000016.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002131483-26-000016

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20170630

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**EFFECTIVENESS DATE**: 20260528

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Henshaw Capital LLC
- **CENTRAL INDEX KEY:** 0002131483

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26999
- **FILM NUMBER:** 261035952

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST CUMMINGS PARK
- **CITY:** WOBURN
- **STATE:** MA
- **ZIP:** 01801
- **BUSINESS PHONE:** 781-935-8000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST CUMMINGS PARK
- **CITY:** WOBURN
- **STATE:** MA
- **ZIP:** 01801

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2017

**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:** Henshaw Capital LLC<br>**Address:** 200 WEST CUMMINGS PARK<br>WOBURN, MA 01801

**Form 13F File Number:** 028-26999

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:** Robert Park<br>**Title:** Managing Director<br>**Phone:** 781-935-8000

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

/s/Robert Park  Woburn, MA  05-28-2026<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:** 284

**Form 13F Information Table Value Total:** $955393755

      (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 |
| 3M CO | COM | 88579Y101 |  | 330606 | 1588 | SH |  | SOLE |  | 0 | 0 | 1588 |
| ABBOTT LABS | COM | 002824100 |  | 207370 | 4266 | SH |  | SOLE |  | 0 | 0 | 4266 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 468005 | 3784 | SH |  | SOLE |  | 0 | 0 | 3784 |
| ACUITY BRANDS INC | COM | 00508Y102 |  | 1499597 | 7377 | SH |  | SOLE |  | 0 | 0 | 7377 |
| ADECOAGRO S A | COM | L00849106 |  | 124176 | 12430 | SH |  | SOLE |  | 0 | 0 | 12430 |
| ADVANCED SEMICONDUCTOR ENGR | SPONSORED ADR | 00756M404 |  | 136662 | 21658 | SH |  | SOLE |  | 0 | 0 | 21658 |
| AEGON N V | NY REGISTRY SH | 007924103 |  | 331654 | 64903 | SH |  | SOLE |  | 0 | 0 | 64903 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 502465 | 10822 | SH |  | SOLE |  | 0 | 0 | 10822 |
| AFFILIATED MANAGERS GROUP | COM | 008252108 |  | 1466368 | 8841 | SH |  | SOLE |  | 0 | 0 | 8841 |
| AFLAC INC | COM | 001055102 |  | 12312280 | 158500 | SH |  | SOLE |  | 0 | 0 | 158500 |
| AIR TRANSPORT SERVICES GRP I | COM | 00922R105 |  | 287300 | 13191 | SH |  | SOLE |  | 0 | 0 | 13191 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 17816388 | 19164 | SH |  | SOLE |  | 0 | 0 | 19164 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 17970136 | 19775 | SH |  | SOLE |  | 0 | 0 | 19775 |
| ALTRA INDL MOTION CORP | COM | 02208R106 |  | 279515 | 7023 | SH |  | SOLE |  | 0 | 0 | 7023 |
| AMAZON COM INC | COM | 023135106 |  | 10923880 | 11285 | SH |  | SOLE |  | 0 | 0 | 11285 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 420150 | 76530 | SH |  | SOLE |  | 0 | 0 | 76530 |
| AMERICAN EQTY INVT LIFE HLD | COM | 025676206 |  | 261039 | 9933 | SH |  | SOLE |  | 0 | 0 | 9933 |
| AMERISAFE INC | COM | 03071H100 |  | 422911 | 7426 | SH |  | SOLE |  | 0 | 0 | 7426 |
| AMGEN INC | COM | 031162100 |  | 418863 | 2432 | SH |  | SOLE |  | 0 | 0 | 2432 |
| AMN HEALTHCARE SERVICES INC | COM | 001744101 |  | 228794 | 5859 | SH |  | SOLE |  | 0 | 0 | 5859 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 419699 | 3803 | SH |  | SOLE |  | 0 | 0 | 3803 |
| ANSYS INC | COM | 03662Q105 |  | 2055662 | 16894 | SH |  | SOLE |  | 0 | 0 | 16894 |
| AON PLC | SHS CL A | G0408V102 |  | 435278 | 3274 | SH |  | SOLE |  | 0 | 0 | 3274 |
| APPLE INC | COM | 037833100 |  | 36470505 | 253232 | SH |  | SOLE |  | 0 | 0 | 253232 |
| APTARGROUP INC | COM | 038336103 |  | 1129441 | 13003 | SH |  | SOLE |  | 0 | 0 | 13003 |
| ARAMARK | COM | 03852U106 |  | 1224892 | 29890 | SH |  | SOLE |  | 0 | 0 | 29890 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 337404 | 14844 | SH |  | SOLE |  | 0 | 0 | 14844 |
| ARGO GROUP INTL HLDGS LTD | COM | G0464B107 |  | 370205 | 6109 | SH |  | SOLE |  | 0 | 0 | 6109 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 413406 | 13466 | SH |  | SOLE |  | 0 | 0 | 13466 |
| AT INC | COM | 00206R102 |  | 490490 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 28678554 | 279900 | SH |  | SOLE |  | 0 | 0 | 279900 |
| BABCOCK  WILCOX ENTERPRIS I | COM | 05614L100 |  | 437754 | 37224 | SH |  | SOLE |  | 0 | 0 | 37224 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 1055989 | 5904 | SH |  | SOLE |  | 0 | 0 | 5904 |
| BAKER HUGHES INC | COM | 057224107 |  | 221093 | 4056 | SH |  | SOLE |  | 0 | 0 | 4056 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 354765 | 42436 | SH |  | SOLE |  | 0 | 0 | 42436 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 287470 | 33820 | SH |  | SOLE |  | 0 | 0 | 33820 |
| BANK OF THE OZARKS INC | COM | 063904106 |  | 275080 | 5869 | SH |  | SOLE |  | 0 | 0 | 5869 |
| BANNER CORP | COM NEW | 06652V208 |  | 651843 | 11535 | SH |  | SOLE |  | 0 | 0 | 11535 |
| BAXTER INTL INC | COM | 071813109 |  | 3632400 | 60000 | SH |  | SOLE |  | 0 | 0 | 60000 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 375197 | 1923 | SH |  | SOLE |  | 0 | 0 | 1923 |
| BERKLEY W R CORP | COM | 084423102 |  | 915257 | 13232 | SH |  | SOLE |  | 0 | 0 | 13232 |
| BERKSHIRE HILLS BANCORP INC | COM | 084680107 |  | 373996 | 10640 | SH |  | SOLE |  | 0 | 0 | 10640 |
| BHP BILLITON LTD | SPONSORED ADR | 088606108 |  | 410459 | 11533 | SH |  | SOLE |  | 0 | 0 | 11533 |
| BIO RAD LABS INC | CL A | 090572207 |  | 1781060 | 7870 | SH |  | SOLE |  | 0 | 0 | 7870 |
| BIO TECHNE CORP | COM | 09073M104 |  | 937298 | 7977 | SH |  | SOLE |  | 0 | 0 | 7977 |
| BLACKBAUD INC | COM | 09227Q100 |  | 1631308 | 19024 | SH |  | SOLE |  | 0 | 0 | 19024 |
| BLACKROCK INC | COM | 09247X101 |  | 29431417 | 69675 | SH |  | SOLE |  | 0 | 0 | 69675 |
| BOEING CO | COM | 097023105 |  | 29331269 | 148325 | SH |  | SOLE |  | 0 | 0 | 148325 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 377596 | 21540 | SH |  | SOLE |  | 0 | 0 | 21540 |
| BRINKS CO | COM | 109696104 |  | 333660 | 4980 | SH |  | SOLE |  | 0 | 0 | 4980 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 1208360 | 17630 | SH |  | SOLE |  | 0 | 0 | 17630 |
| BROADCOM LTD | SHS | Y09827109 |  | 445825 | 1913 | SH |  | SOLE |  | 0 | 0 | 1913 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1048168 | 13872 | SH |  | SOLE |  | 0 | 0 | 13872 |
| BRUNSWICK CORP | COM | 117043109 |  | 400845 | 6390 | SH |  | SOLE |  | 0 | 0 | 6390 |
| BUFFALO WILD WINGS INC | COM | 119848109 |  | 268477 | 2119 | SH |  | SOLE |  | 0 | 0 | 2119 |
| CALATLANTIC GROUP INC | COM | 128195104 |  | 326457 | 9235 | SH |  | SOLE |  | 0 | 0 | 9235 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 |  | 338155 | 9189 | SH |  | SOLE |  | 0 | 0 | 9189 |
| CALLON PETE CO DEL | COM | 13123X102 |  | 313557 | 29553 | SH |  | SOLE |  | 0 | 0 | 29553 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 268500 | 9310 | SH |  | SOLE |  | 0 | 0 | 9310 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 640863 | 7907 | SH |  | SOLE |  | 0 | 0 | 7907 |
| CARLISLE COS INC | COM | 142339100 |  | 1448840 | 15187 | SH |  | SOLE |  | 0 | 0 | 15187 |
| CDW CORP | COM | 12514G108 |  | 1536237 | 24568 | SH |  | SOLE |  | 0 | 0 | 24568 |
| CELGENE CORP | COM | 151020104 |  | 393896 | 3033 | SH |  | SOLE |  | 0 | 0 | 3033 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 140089 | 19008 | SH |  | SOLE |  | 0 | 0 | 19008 |
| CHEVRON CORP NEW | COM | 166764100 |  | 10424550 | 99919 | SH |  | SOLE |  | 0 | 0 | 99919 |
| CHINA MOBILE LIMITED | SPONSORED ADR | 16941M109 |  | 615951 | 11602 | SH |  | SOLE |  | 0 | 0 | 11602 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 242586 | 583 | SH |  | SOLE |  | 0 | 0 | 583 |
| CHURCH  DWIGHT INC | COM | 171340102 |  | 1151944 | 22204 | SH |  | SOLE |  | 0 | 0 | 22204 |
| CISCO SYS INC | COM | 17275R102 |  | 11834436 | 378097 | SH |  | SOLE |  | 0 | 0 | 378097 |
| CIVITAS SOLUTIONS INC | COM | 17887R102 |  | 256043 | 14631 | SH |  | SOLE |  | 0 | 0 | 14631 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 446853 | 21401 | SH |  | SOLE |  | 0 | 0 | 21401 |
| COCA COLA CO | COM | 191216100 |  | 13697190 | 305400 | SH |  | SOLE |  | 0 | 0 | 305400 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 944404 | 16266 | SH |  | SOLE |  | 0 | 0 | 16266 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 19460000 | 500000 | SH |  | SOLE |  | 0 | 0 | 500000 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 482933 | 24855 | SH |  | SOLE |  | 0 | 0 | 24855 |
| COOPER TIRE  RUBR CO | COM | 216831107 |  | 350531 | 9710 | SH |  | SOLE |  | 0 | 0 | 9710 |
| COPART INC | COM | 217204106 |  | 976970 | 30732 | SH |  | SOLE |  | 0 | 0 | 30732 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 230805 | 1380 | SH |  | SOLE |  | 0 | 0 | 1380 |
| CREDICORP LTD | COM | G2519Y108 |  | 296890 | 1655 | SH |  | SOLE |  | 0 | 0 | 1655 |
| CUBESMART | COM | 229663109 |  | 281388 | 11705 | SH |  | SOLE |  | 0 | 0 | 11705 |
| CULP INC | COM | 230215105 |  | 224575 | 6910 | SH |  | SOLE |  | 0 | 0 | 6910 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 381214 | 13480 | SH |  | SOLE |  | 0 | 0 | 13480 |
| CVS HEALTH CORP | COM | 126650100 |  | 17188268 | 213625 | SH |  | SOLE |  | 0 | 0 | 213625 |
| CYPRESS SEMICONDUCTOR CORP | COM | 232806109 |  | 390172 | 28584 | SH |  | SOLE |  | 0 | 0 | 28584 |
| DANA INCORPORATED | COM | 235825205 |  | 415673 | 18615 | SH |  | SOLE |  | 0 | 0 | 18615 |
| DELEK US HLDGS INC | COM | 246647101 |  | 366458 | 13860 | SH |  | SOLE |  | 0 | 0 | 13860 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 1467264 | 22629 | SH |  | SOLE |  | 0 | 0 | 22629 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 242764 | 6095 | SH |  | SOLE |  | 0 | 0 | 6095 |
| DONALDSON INC | COM | 257651109 |  | 901829 | 19803 | SH |  | SOLE |  | 0 | 0 | 19803 |
| DU PONT E I DE NEMOURS  CO | COM | 263534109 |  | 408393 | 5060 | SH |  | SOLE |  | 0 | 0 | 5060 |
| EATON CORP PLC | SHS | G29183103 |  | 395843 | 5086 | SH |  | SOLE |  | 0 | 0 | 5086 |
| EL PASO ELEC CO | COM NEW | 283677854 |  | 320695 | 6203 | SH |  | SOLE |  | 0 | 0 | 6203 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 342264 | 5235 | SH |  | SOLE |  | 0 | 0 | 5235 |
| EMERSON ELEC CO | COM | 291011104 |  | 208670 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 273106 | 3800 | SH |  | SOLE |  | 0 | 0 | 3800 |
| ERICSSON | ADR B SEK 10 | 294821608 |  | 117731 | 16420 | SH |  | SOLE |  | 0 | 0 | 16420 |
| EVERCORE PARTNERS INC | CLASS A | 29977A105 |  | 479400 | 6800 | SH |  | SOLE |  | 0 | 0 | 6800 |
| EXPRESS SCRIPTS HLDG CO | COM | 30219G108 |  | 11801654 | 184863 | SH |  | SOLE |  | 0 | 0 | 184863 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 15488051 | 191850 | SH |  | SOLE |  | 0 | 0 | 191850 |
| FACEBOOK INC | CL A | 30303M102 |  | 46589559 | 308581 | SH |  | SOLE |  | 0 | 0 | 308581 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 936092 | 5633 | SH |  | SOLE |  | 0 | 0 | 5633 |
| FAIR ISAAC CORP | COM | 303250104 |  | 1552888 | 11139 | SH |  | SOLE |  | 0 | 0 | 11139 |
| FEDEX CORP | COM | 31428X106 |  | 15173980 | 69820 | SH |  | SOLE |  | 0 | 0 | 69820 |
| FELCOR LODGING TR INC | COM | 31430F101 |  | 128807 | 17865 | SH |  | SOLE |  | 0 | 0 | 17865 |
| FINISAR CORP | COM NEW | 31787A507 |  | 298614 | 11494 | SH |  | SOLE |  | 0 | 0 | 11494 |
| FIRST BUSEY CORP | COM NEW | 319383204 |  | 430711 | 14690 | SH |  | SOLE |  | 0 | 0 | 14690 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 301902 | 3016 | SH |  | SOLE |  | 0 | 0 | 3016 |
| FLAGSTAR BANCORP INC | COM PAR .001 | 337930705 |  | 401585 | 13030 | SH |  | SOLE |  | 0 | 0 | 13030 |
| FLIR SYS INC | COM | 302445101 |  | 777354 | 22428 | SH |  | SOLE |  | 0 | 0 | 22428 |
| FLOWSERVE CORP | COM | 34354P105 |  | 308945 | 6654 | SH |  | SOLE |  | 0 | 0 | 6654 |
| FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 |  | 712867 | 7249 | SH |  | SOLE |  | 0 | 0 | 7249 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 3133200 | 280000 | SH |  | SOLE |  | 0 | 0 | 280000 |
| FORTINET INC | COM | 34959E109 |  | 406374 | 10854 | SH |  | SOLE |  | 0 | 0 | 10854 |
| FRESENIUS MED CARE AG KGA | SPONSORED ADR | 358029106 |  | 366003 | 7573 | SH |  | SOLE |  | 0 | 0 | 7573 |
| GARTNER INC | COM | 366651107 |  | 1077254 | 8722 | SH |  | SOLE |  | 0 | 0 | 8722 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 28130200 | 142000 | SH |  | SOLE |  | 0 | 0 | 142000 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 899811 | 33314 | SH |  | SOLE |  | 0 | 0 | 33314 |
| GENERAL MTRS CO | COM | 37045V100 |  | 5065688 | 145024 | SH |  | SOLE |  | 0 | 0 | 145024 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 454251 | 14782 | SH |  | SOLE |  | 0 | 0 | 14782 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 378956 | 5354 | SH |  | SOLE |  | 0 | 0 | 5354 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 9729960 | 225648 | SH |  | SOLE |  | 0 | 0 | 225648 |
| GLOBUS MED INC | CL A | 379577208 |  | 331666 | 10005 | SH |  | SOLE |  | 0 | 0 | 10005 |
| GRACO INC | COM | 384109104 |  | 1012588 | 9266 | SH |  | SOLE |  | 0 | 0 | 9266 |
| GROUPE CGI INC | CL A SUB VTG | 39945C109 |  | 398601 | 7805 | SH |  | SOLE |  | 0 | 0 | 7805 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 19531928 | 223990 | SH |  | SOLE |  | 0 | 0 | 223990 |
| HDFC BANK LTD | ADR REPS 3 SHS | 40415F101 |  | 454071 | 5221 | SH |  | SOLE |  | 0 | 0 | 5221 |
| HEARTLAND FINL USA INC | COM | 42234Q102 |  | 548951 | 11655 | SH |  | SOLE |  | 0 | 0 | 11655 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 1449921 | 13959 | SH |  | SOLE |  | 0 | 0 | 13959 |
| HESS CORP | COM | 42809H107 |  | 4343130 | 99000 | SH |  | SOLE |  | 0 | 0 | 99000 |
| HOME DEPOT INC | COM | 437076102 |  | 18408000 | 120000 | SH |  | SOLE |  | 0 | 0 | 120000 |
| HONEYWELL INTL INC | COM | 438516106 |  | 17940834 | 134600 | SH |  | SOLE |  | 0 | 0 | 134600 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 |  | 271291 | 7177 | SH |  | SOLE |  | 0 | 0 | 7177 |
| HSBC HLDGS PLC | ADR A 1/40PF A | 404280604 |  | 1055600 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 362909 | 7823 | SH |  | SOLE |  | 0 | 0 | 7823 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 1671614 | 18293 | SH |  | SOLE |  | 0 | 0 | 18293 |
| IBERIABANK CORP | COM | 450828108 |  | 378649 | 4646 | SH |  | SOLE |  | 0 | 0 | 4646 |
| ICICI BK LTD | ADR | 45104G104 |  | 173668 | 19361 | SH |  | SOLE |  | 0 | 0 | 19361 |
| IDEX CORP | COM | 45167R104 |  | 1681589 | 14880 | SH |  | SOLE |  | 0 | 0 | 14880 |
| IDEXX LABS INC | COM | 45168D104 |  | 834380 | 5169 | SH |  | SOLE |  | 0 | 0 | 5169 |
| INTEL CORP | COM | 458140100 |  | 8249430 | 244500 | SH |  | SOLE |  | 0 | 0 | 244500 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 387696 | 15760 | SH |  | SOLE |  | 0 | 0 | 15760 |
| INTUIT | COM | 461202103 |  | 459523 | 3460 | SH |  | SOLE |  | 0 | 0 | 3460 |
| INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 |  | 685361 | 41015 | SH |  | SOLE |  | 0 | 0 | 41015 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 295075 | 5500 | SH |  | SOLE |  | 0 | 0 | 5500 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 6383080 | 97900 | SH |  | SOLE |  | 0 | 0 | 97900 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 922100 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| ISHARES TR | USA QUALITY FCTR | 46432F339 |  | 818070 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| ITAU UNIBANCO HLDG SA | SPON ADR REP PFD | 465562106 |  | 186944 | 16918 | SH |  | SOLE |  | 0 | 0 | 16918 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 861750 | 6894 | SH |  | SOLE |  | 0 | 0 | 6894 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 28419642 | 310937 | SH |  | SOLE |  | 0 | 0 | 310937 |
| KIRBY CORP | COM | 497266106 |  | 1081299 | 16175 | SH |  | SOLE |  | 0 | 0 | 16175 |
| KIRKLANDS INC | COM | 497498105 |  | 127935 | 12445 | SH |  | SOLE |  | 0 | 0 | 12445 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 230000 | 12150 | SH |  | SOLE |  | 0 | 0 | 12150 |
| KORN FERRY INTL | COM NEW | 500643200 |  | 267262 | 7740 | SH |  | SOLE |  | 0 | 0 | 7740 |
| KRAFT HEINZ CO | COM | 500754106 |  | 8912212 | 104066 | SH |  | SOLE |  | 0 | 0 | 104066 |
| KRATON CORPORATION | COM | 50077C106 |  | 501963 | 14575 | SH |  | SOLE |  | 0 | 0 | 14575 |
| LA Z BOY INC | COM | 505336107 |  | 433875 | 13350 | SH |  | SOLE |  | 0 | 0 | 13350 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 458104 | 2972 | SH |  | SOLE |  | 0 | 0 | 2972 |
| LANDSTAR SYS INC | COM | 515098101 |  | 972159 | 11357 | SH |  | SOLE |  | 0 | 0 | 11357 |
| LENNOX INTL INC | COM | 526107107 |  | 1271340 | 6923 | SH |  | SOLE |  | 0 | 0 | 6923 |
| LEVEL 3 COMMUNICATIONS INC | COM NEW | 52729N308 |  | 279659 | 4716 | SH |  | SOLE |  | 0 | 0 | 4716 |
| LILLY ELI  CO | COM | 532457108 |  | 10727805 | 130350 | SH |  | SOLE |  | 0 | 0 | 130350 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 346582 | 98182 | SH |  | SOLE |  | 0 | 0 | 98182 |
| LSC COMMUNICATIONS INC | COM | 50218P107 |  | 384237 | 17955 | SH |  | SOLE |  | 0 | 0 | 17955 |
| MANHATTAN ASSOCS INC | COM | 562750109 |  | 1295746 | 26961 | SH |  | SOLE |  | 0 | 0 | 26961 |
| MARATHON OIL CORP | COM | 565849106 |  | 206072 | 17390 | SH |  | SOLE |  | 0 | 0 | 17390 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3718696 | 71062 | SH |  | SOLE |  | 0 | 0 | 71062 |
| MARKEL CORP | COM | 570535104 |  | 2383050 | 2442 | SH |  | SOLE |  | 0 | 0 | 2442 |
| MCDONALDS CORP | COM | 580135101 |  | 19730837 | 128825 | SH |  | SOLE |  | 0 | 0 | 128825 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 607494 | 6845 | SH |  | SOLE |  | 0 | 0 | 6845 |
| MERCK  CO INC | COM | 58933Y105 |  | 422994 | 6600 | SH |  | SOLE |  | 0 | 0 | 6600 |
| MEREDITH CORP | COM | 589433101 |  | 396532 | 6670 | SH |  | SOLE |  | 0 | 0 | 6670 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 566175 | 962 | SH |  | SOLE |  | 0 | 0 | 962 |
| MICROSOFT CORP | COM | 594918104 |  | 13238627 | 192059 | SH |  | SOLE |  | 0 | 0 | 192059 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 316590 | 4325 | SH |  | SOLE |  | 0 | 0 | 4325 |
| MKS INSTRUMENT INC | COM | 55306N104 |  | 311263 | 4625 | SH |  | SOLE |  | 0 | 0 | 4625 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 10784543 | 249700 | SH |  | SOLE |  | 0 | 0 | 249700 |
| MONOGRAM RESIDENTIAL TR INC | COM | 60979P105 |  | 324945 | 33465 | SH |  | SOLE |  | 0 | 0 | 33465 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 298686 | 6703 | SH |  | SOLE |  | 0 | 0 | 6703 |
| MORNINGSTAR INC | COM | 617700109 |  | 1189906 | 15189 | SH |  | SOLE |  | 0 | 0 | 15189 |
| NETEASE INC | SPONSORED ADR | 64110W102 |  | 419379 | 1395 | SH |  | SOLE |  | 0 | 0 | 1395 |
| NETGEAR INC | COM | 64111Q104 |  | 366824 | 8511 | SH |  | SOLE |  | 0 | 0 | 8511 |
| NIELSEN HLDGS PLC | SHS EUR | G6518L108 |  | 368546 | 9533 | SH |  | SOLE |  | 0 | 0 | 9533 |
| NN INC | COM | 629337106 |  | 433490 | 15792 | SH |  | SOLE |  | 0 | 0 | 15792 |
| NORDSON CORP | COM | 655663102 |  | 1009746 | 8323 | SH |  | SOLE |  | 0 | 0 | 8323 |
| NORDSTROM INC | COM | 655664100 |  | 234558 | 4904 | SH |  | SOLE |  | 0 | 0 | 4904 |
| NOVARTIS A G | SPONSORED ADR | 66987V109 |  | 681449 | 8164 | SH |  | SOLE |  | 0 | 0 | 8164 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 4681834 | 78200 | SH |  | SOLE |  | 0 | 0 | 78200 |
| OPEN TEXT CORP | COM | 683715106 |  | 260426 | 8257 | SH |  | SOLE |  | 0 | 0 | 8257 |
| ORACLE CORP | COM | 68389X105 |  | 15174871 | 302650 | SH |  | SOLE |  | 0 | 0 | 302650 |
| ORANGE | SPONSORED ADR | 684060106 |  | 332496 | 20807 | SH |  | SOLE |  | 0 | 0 | 20807 |
| P T TELEKOMUNIKASI INDONESIA | SPONSORED ADR | 715684106 |  | 316700 | 9406 | SH |  | SOLE |  | 0 | 0 | 9406 |
| PEPSICO INC | COM | 713448108 |  | 14943367 | 129391 | SH |  | SOLE |  | 0 | 0 | 129391 |
| PFIZER INC | COM | 717081103 |  | 19238337 | 572740 | SH |  | SOLE |  | 0 | 0 | 572740 |
| PHARMERICA CORP | COM | 71714F104 |  | 485363 | 18490 | SH |  | SOLE |  | 0 | 0 | 18490 |
| PLANTRONICS INC NEW | COM | 727493108 |  | 644459 | 12320 | SH |  | SOLE |  | 0 | 0 | 12320 |
| PNM RES INC | COM | 69349H107 |  | 239828 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| POWERSHARES ETF TRUST | S 500 QLTY PRT | 73935X682 |  | 2796000 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| POWERSHARES QQQ TRUST | UNIT SER 1 | 73935A104 |  | 550560 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| PRAXAIR INC | COM | 74005P104 |  | 305793 | 2307 | SH |  | SOLE |  | 0 | 0 | 2307 |
| PREFERRED BK LOS ANGELES CA | COM NEW | 740367404 |  | 567317 | 10610 | SH |  | SOLE |  | 0 | 0 | 10610 |
| PRINCIPAL FINL GROUP INC | COM | 74251V102 |  | 407357 | 6358 | SH |  | SOLE |  | 0 | 0 | 6358 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 683202 | 14849 | SH |  | SOLE |  | 0 | 0 | 14849 |
| QUAD / GRAPHICS INC | COM CL A | 747301109 |  | 256704 | 11200 | SH |  | SOLE |  | 0 | 0 | 11200 |
| RADIAN GROUP INC | COM | 750236101 |  | 571367 | 34946 | SH |  | SOLE |  | 0 | 0 | 34946 |
| RADWARE LTD | ORD | M81873107 |  | 211059 | 12033 | SH |  | SOLE |  | 0 | 0 | 12033 |
| REGAL BELOIT CORP | COM | 758750103 |  | 347403 | 4260 | SH |  | SOLE |  | 0 | 0 | 4260 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 887914 | 40544 | SH |  | SOLE |  | 0 | 0 | 40544 |
| RENASANT CORP | COM | 75970E107 |  | 641010 | 14655 | SH |  | SOLE |  | 0 | 0 | 14655 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 252229 | 4634 | SH |  | SOLE |  | 0 | 0 | 4634 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 888539 | 16705 | SH |  | SOLE |  | 0 | 0 | 16705 |
| RPM INTL INC | COM | 749685103 |  | 681057 | 12485 | SH |  | SOLE |  | 0 | 0 | 12485 |
| RYANAIR HLDGS PLC | SPONSORED ADR NE | 783513203 |  | 226411 | 2104 | SH |  | SOLE |  | 0 | 0 | 2104 |
| SALESFORCE COM INC | COM | 79466L302 |  | 20818640 | 240400 | SH |  | SOLE |  | 0 | 0 | 240400 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 1215162 | 60008 | SH |  | SOLE |  | 0 | 0 | 60008 |
| SANMINA CORPORATION | COM | 801056102 |  | 303467 | 7965 | SH |  | SOLE |  | 0 | 0 | 7965 |
| SAP SE | SPON ADR | 803054204 |  | 1127610 | 10773 | SH |  | SOLE |  | 0 | 0 | 10773 |
| SCHEIN HENRY INC | COM | 806407102 |  | 717804 | 3922 | SH |  | SOLE |  | 0 | 0 | 3922 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 8701217 | 132157 | SH |  | SOLE |  | 0 | 0 | 132157 |
| SCORPIO TANKERS INC | SHS | Y7542C106 |  | 295908 | 74536 | SH |  | SOLE |  | 0 | 0 | 74536 |
| SEI INVESTMENTS CO | COM | 784117103 |  | 1777268 | 33047 | SH |  | SOLE |  | 0 | 0 | 33047 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1947600 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| SEMPRA ENERGY | COM | 816851109 |  | 508390 | 4509 | SH |  | SOLE |  | 0 | 0 | 4509 |
| SERVICEMASTER GLOBAL HLDGS I | COM | 81761R109 |  | 992016 | 25313 | SH |  | SOLE |  | 0 | 0 | 25313 |
| SHIRE PLC | SPONSORED ADR | 82481R106 |  | 536136 | 3244 | SH |  | SOLE |  | 0 | 0 | 3244 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 379684 | 5555 | SH |  | SOLE |  | 0 | 0 | 5555 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 612454 | 17574 | SH |  | SOLE |  | 0 | 0 | 17574 |
| SONY CORP | SPONSORED ADR | 835699307 |  | 313998 | 8222 | SH |  | SOLE |  | 0 | 0 | 8222 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 232644 | 6718 | SH |  | SOLE |  | 0 | 0 | 6718 |
| SP PLUS CORP | COM | 78469C103 |  | 284176 | 9302 | SH |  | SOLE |  | 0 | 0 | 9302 |
| SPDR DOW JONES INDL AVRG ETF | UT SER 1 | 78467X109 |  | 2558880 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7471620 | 30900 | SH |  | SOLE |  | 0 | 0 | 30900 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 23869143 | 75150 | SH |  | SOLE |  | 0 | 0 | 75150 |
| SPIRE INC | COM | 84857L101 |  | 344565 | 4940 | SH |  | SOLE |  | 0 | 0 | 4940 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 393234 | 17346 | SH |  | SOLE |  | 0 | 0 | 17346 |
| STAG INDL INC | COM | 85254J102 |  | 533066 | 19314 | SH |  | SOLE |  | 0 | 0 | 19314 |
| STARBUCKS CORP | COM | 855244109 |  | 19242300 | 330000 | SH |  | SOLE |  | 0 | 0 | 330000 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 368987 | 16480 | SH |  | SOLE |  | 0 | 0 | 16480 |
| STATE STR CORP | COM | 857477103 |  | 402888 | 4490 | SH |  | SOLE |  | 0 | 0 | 4490 |
| STATOIL ASA | SPONSORED ADR | 85771P102 |  | 194641 | 11775 | SH |  | SOLE |  | 0 | 0 | 11775 |
| STERLING BANCORP DEL | COM | 85917A100 |  | 603221 | 25945 | SH |  | SOLE |  | 0 | 0 | 25945 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 932801 | 118677 | SH |  | SOLE |  | 0 | 0 | 118677 |
| SUMMIT HOTEL PPTYS | COM | 866082100 |  | 558623 | 29953 | SH |  | SOLE |  | 0 | 0 | 29953 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 256314 | 23515 | SH |  | SOLE |  | 0 | 0 | 23515 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 450702 | 15435 | SH |  | SOLE |  | 0 | 0 | 15435 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 214504 | 8702 | SH |  | SOLE |  | 0 | 0 | 8702 |
| SUPERIOR ENERGY SVCS INC | COM | 868157108 |  | 315873 | 30285 | SH |  | SOLE |  | 0 | 0 | 30285 |
| SYNCHRONOSS TECHNOLOGIES INC | COM | 87157B103 |  | 307286 | 18680 | SH |  | SOLE |  | 0 | 0 | 18680 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | 874039100 |  | 1273662 | 36432 | SH |  | SOLE |  | 0 | 0 | 36432 |
| TATA MTRS LTD | SPONSORED ADR | 876568502 |  | 392192 | 11881 | SH |  | SOLE |  | 0 | 0 | 11881 |
| TELEFLEX INC | COM | 879369106 |  | 2381553 | 11463 | SH |  | SOLE |  | 0 | 0 | 11463 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADR | 881624209 |  | 8940166 | 269120 | SH |  | SOLE |  | 0 | 0 | 269120 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 10517924 | 60285 | SH |  | SOLE |  | 0 | 0 | 60285 |
| TIVITY HEALTH INC | COM | 88870R102 |  | 295966 | 7427 | SH |  | SOLE |  | 0 | 0 | 7427 |
| TIVO CORP | COM | 88870P106 |  | 220835 | 11841 | SH |  | SOLE |  | 0 | 0 | 11841 |
| TRANSUNION | COM | 89400J107 |  | 1352441 | 31227 | SH |  | SOLE |  | 0 | 0 | 31227 |
| TRIMBLE INC | COM | 896239100 |  | 927242 | 25995 | SH |  | SOLE |  | 0 | 0 | 25995 |
| TUTOR PERINI CORP | COM | 901109108 |  | 253230 | 8808 | SH |  | SOLE |  | 0 | 0 | 8808 |
| TWENTY FIRST CENTY FOX INC | CL A | 90130A101 |  | 310635 | 10961 | SH |  | SOLE |  | 0 | 0 | 10961 |
| UBS GROUP AG | SHS | H42097107 |  | 312041 | 18377 | SH |  | SOLE |  | 0 | 0 | 18377 |
| UMPQUA HLDGS CORP | COM | 904214103 |  | 806757 | 43941 | SH |  | SOLE |  | 0 | 0 | 43941 |
| UNILEVER N V | N Y SHS NEW | 904784709 |  | 463217 | 8381 | SH |  | SOLE |  | 0 | 0 | 8381 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 537682 | 9935 | SH |  | SOLE |  | 0 | 0 | 9935 |
| UNION PAC CORP | COM | 907818108 |  | 23480996 | 215600 | SH |  | SOLE |  | 0 | 0 | 215600 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 30030268 | 245928 | SH |  | SOLE |  | 0 | 0 | 245928 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 5703420 | 114000 | SH |  | SOLE |  | 0 | 0 | 114000 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 12895602 | 315836 | SH |  | SOLE |  | 0 | 0 | 315836 |
| VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 |  | 2500978 | 26988 | SH |  | SOLE |  | 0 | 0 | 26988 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 566823 | 5493 | SH |  | SOLE |  | 0 | 0 | 5493 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 11446358 | 256300 | SH |  | SOLE |  | 0 | 0 | 256300 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 360635 | 21725 | SH |  | SOLE |  | 0 | 0 | 21725 |
| VONAGE HLDGS CORP | COM | 92886T201 |  | 298747 | 45680 | SH |  | SOLE |  | 0 | 0 | 45680 |
| WAL-MART STORES INC | COM | 931142103 |  | 6873636 | 90825 | SH |  | SOLE |  | 0 | 0 | 90825 |
| WATERS CORP | COM | 941848103 |  | 295063 | 1605 | SH |  | SOLE |  | 0 | 0 | 1605 |
| WEBSTER FINL CORP CONN | COM | 947890109 |  | 615674 | 11790 | SH |  | SOLE |  | 0 | 0 | 11790 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 417293 | 7531 | SH |  | SOLE |  | 0 | 0 | 7531 |
| WESTAMERICA BANCORPORATION | COM | 957090103 |  | 582480 | 10394 | SH |  | SOLE |  | 0 | 0 | 10394 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 365064 | 7420 | SH |  | SOLE |  | 0 | 0 | 7420 |
| WEX INC | COM | 96208T104 |  | 1305148 | 12517 | SH |  | SOLE |  | 0 | 0 | 12517 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 389844 | 5100 | SH |  | SOLE |  | 0 | 0 | 5100 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 6760000 | 130000 | SH |  | SOLE |  | 0 | 0 | 130000 |
| WPP PLC NEW | ADR | 92937A102 |  | 247186 | 2345 | SH |  | SOLE |  | 0 | 0 | 2345 |
| WPX ENERGY INC | COM | 98212B103 |  | 287849 | 29798 | SH |  | SOLE |  | 0 | 0 | 29798 |
| WSFS FINL CORP | COM | 929328102 |  | 402708 | 8880 | SH |  | SOLE |  | 0 | 0 | 8880 |

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