# EDGAR Filing Document

**Accession Number:** 0002049221
**File Stem:** 0000945621-25-001029
**Filing Date:** 2025-11
**Character Count:** 23328
**Document Hash:** b3a8259cc4a038d714c7cc46d69828ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000945621-25-001029.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0000945621-25-001029

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABC ARBITRAGE SA
- **CENTRAL INDEX KEY:** 0002049221

**ORGANIZATION NAME:**
- **EIN:** 980206571
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24681
- **FILM NUMBER:** 251456805

**BUSINESS ADDRESS:**
- **STREET 1:** 18 RUE DU QUATRE SEPTEMBRE
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75002
- **BUSINESS PHONE:** 33153005476

**MAIL ADDRESS:**
- **STREET 1:** 18 RUE DU QUATRE SEPTEMBRE
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75002

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** ABC ARBITRAGE SA<br>**Address:** 18 RUE DU QUATRE SEPTEMBRE<br>PARIS, I0 75002

**Form 13F File Number:** 028-24681

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:** Eric Brousier<br>**Title:** Head of legal<br>**Phone:** 33153005476

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

/s/ Eric Brousier  Paris, I0  11-05-2025<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:** 2

**Form 13F Information Table Entry Total:** 200

**Form 13F Information Table Value Total:** $1015647832

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

| No.   | Name                                        | Form 13F File Number   |
|:---|:---|:---|
|  | ABC ARBITRAGE ASSET MANAGEMENT              | 028-24682              |
|  | ABC ARBITRAGE ASSET MANAGEMENT ASIA PTE LTD | 028-24683              |

### 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 |  | 1183092 | 7624 | SH |  | OTR | 12 | 0 | 7624 | 0 |
| AEGON LTD | ADR | 0076CA104 |  | 16634125 | 2081868 | SH |  | OTR | 12 | 0 | 2081868 | 0 |
| ALLETE INC | COM | 018522300 |  | 4838302 | 72866 | SH |  | OTR | 12 | 0 | 72866 | 0 |
| ALPHABET INC (EX GOOGLE INC) | COM | 02079K107 |  | 2994204 | 12294 | SH |  | OTR | 12 | 0 | 12294 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 1118050 | 5092 | SH |  | OTR | 12 | 0 | 5092 | 0 |
| AMBEV SA | ADR | 02319V103 |  | 41928 | 18802 | SH |  | OTR | 12 | 0 | 18802 | 0 |
| AMERICAN TOWER Corp | COM | 03027X100 |  | 4092570 | 21280 | SH |  | OTR | 12 | 0 | 21280 | 0 |
| AMERICAN WOODMARK CORP | COM | 030506109 |  | 1026902 | 15382 | SH |  | OTR | 12 | 0 | 15382 | 0 |
| AMERIPRISE FINANCIAL INC | COM | 03076C106 |  | 2653733 | 5402 | SH |  | OTR | 12 | 0 | 5402 | 0 |
| AMGEN Inc. | COM | 031162100 |  | 205724 | 729 | SH |  | OTR | 12 | 0 | 729 | 0 |
| ANALOG DEVICES | COM | 032654105 |  | 1218918 | 4961 | SH |  | OTR | 12 | 0 | 4961 | 0 |
| ANHEUSER-BUSCH INBEV SA/NV | ADR | 03524A108 |  | 4823224 | 80913 | SH |  | OTR | 12 | 0 | 80913 | 0 |
| ARIS WATER SOLUTIONS INC | COM | 04041L106 |  | 1364512 | 55333 | SH |  | OTR | 12 | 0 | 55333 | 0 |
| ASCENTAGE PHARMA GROUP INTERNATIONAL | ADR | 04390B105 |  | 204179 | 5230 | SH |  | OTR | 12 | 0 | 5230 | 0 |
| ASML HOLDING NV | ADR | N07059210 |  | 3398964 | 3511 | SH |  | OTR | 12 | 0 | 3511 | 0 |
| ASPEN INSURANCE HOLDINGS LTD | COM | G05384501 |  | 203557 | 5545 | SH |  | OTR | 12 | 0 | 5545 | 0 |
| ASTRAZENECA PLC | ADR | 046353108 |  | 52274093 | 681362 | SH |  | OTR | 12 | 0 | 681362 | 0 |
| AT INC | COM | 00206R102 |  | 1060807 | 37564 | SH |  | OTR | 12 | 0 | 37564 | 0 |
| ATLASSIAN CORP | COM | 049468101 |  | 1291015 | 8084 | SH |  | OTR | 12 | 0 | 8084 | 0 |
| AUTODESK INC | COM | 052769106 |  | 1296094 | 4080 | SH |  | OTR | 12 | 0 | 4080 | 0 |
| AVIDXCHANGE HOLDINGS INC | COM | 05368X102 |  | 1665322 | 167369 | SH |  | OTR | 12 | 0 | 167369 | 0 |
| BAIDU INC | ADR | 056752108 |  | 597050 | 4531 | SH |  | OTR | 12 | 0 | 4531 | 0 |
| BANKFINANCIAL Corp | COM | 06643P104 |  | 1834792 | 152518 | SH |  | OTR | 12 | 0 | 152518 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 19849008 | 960281 | SH |  | OTR | 12 | 0 | 960281 | 0 |
| BECTON DICKINSON AND CO | COM | 075887109 |  | 1159144 | 6193 | SH |  | OTR | 12 | 0 | 6193 | 0 |
| BERRY Corp | COM | 08579X101 |  | 4913395 | 1299840 | SH |  | OTR | 12 | 0 | 1299840 | 0 |
| BILIBILI INC | ADR | 090040106 |  | 858655 | 30568 | SH |  | OTR | 12 | 0 | 30568 | 0 |
| BIONTECH SE | ADR | 09075V102 |  | 417064 | 4229 | SH |  | OTR | 12 | 0 | 4229 | 0 |
| BOSTON SCIENTIFIC Corp | COM | 101137107 |  | 265261 | 2717 | SH |  | OTR | 12 | 0 | 2717 | 0 |
| BP PLC | ADR | 055622104 |  | 11361876 | 329712 | SH |  | OTR | 12 | 0 | 329712 | 0 |
| BRITISH AMERICAN TOBACCO PLC | ADR | 110448107 |  | 40925901 | 771023 | SH |  | OTR | 12 | 0 | 771023 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1246400 | 3778 | SH |  | OTR | 12 | 0 | 3778 | 0 |
| BROOKFIELD CORP | COM | 11271J107 |  | 465178 | 6783 | SH |  | OTR | 12 | 0 | 6783 | 0 |
| BROWN-FORMAN Corp | COM | 115637100 |  | 1101857 | 40946 | SH |  | OTR | 12 | 0 | 40946 | 0 |
| CADENCE DESIGN SYSTEMS INC | COM | 127387108 |  | 1175667 | 3347 | SH |  | OTR | 12 | 0 | 3347 | 0 |
| CAPITAL ONE FINANCIAL CORP | COM | 14040H105 |  | 1348608 | 6344 | SH |  | OTR | 12 | 0 | 6344 | 0 |
| CARNIVAL CORP | COM | 143658300 |  | 3622221 | 125293 | SH |  | OTR | 12 | 0 | 125293 | 0 |
| CARNIVAL PLC | ADR | 14365C103 |  | 26349443 | 996575 | SH |  | OTR | 12 | 0 | 996575 | 0 |
| CARRIER GLOBAL Corp | COM | 14448C104 |  | 1323668 | 22172 | SH |  | OTR | 12 | 0 | 22172 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 237611 | 6124 | SH |  | OTR | 12 | 0 | 6124 | 0 |
| CHART INDUSTRIES INC | COM | 16115Q308 |  | 3272653 | 16351 | SH |  | OTR | 12 | 0 | 16351 | 0 |
| CHEVRON Corp | COM | 166764100 |  | 1343569 | 8652 | SH |  | OTR | 12 | 0 | 8652 | 0 |
| CHIPMOS TECHNOLOGIES INC | ADR | 16965P202 |  | 290185 | 15185 | SH |  | OTR | 12 | 0 | 15185 | 0 |
| CHUNGHWA TELECOM CO LTD | ADR | 17133Q502 |  | 228133 | 5230 | SH |  | OTR | 12 | 0 | 5230 | 0 |
| CIGNA GROUP/THE | COM | 125523100 |  | 1455086 | 5048 | SH |  | OTR | 12 | 0 | 5048 | 0 |
| CLEARWAY ENERGY INC (EX NRG YIELD) | COM | 18539C204 |  | 615087 | 21773 | SH |  | OTR | 12 | 0 | 21773 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 3183294 | 43452 | SH |  | OTR | 12 | 0 | 43452 | 0 |
| CNA FINANCIAL CORP | COM | 126117100 |  | 822528 | 17704 | SH |  | OTR | 12 | 0 | 17704 | 0 |
| COCA-COLA FEMSA SAB DE CV | ADR | 191241108 |  | 406608 | 4893 | SH |  | OTR | 12 | 0 | 4893 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 1100534 | 13767 | SH |  | OTR | 12 | 0 | 13767 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 855526 | 8511 | SH |  | OTR | 12 | 0 | 8511 | 0 |
| CONSTELLATION BRANDS INC | COM | 21036P108 |  | 315666 | 2344 | SH |  | OTR | 12 | 0 | 2344 | 0 |
| COPART INC | COM | 217204106 |  | 1138595 | 25319 | SH |  | OTR | 12 | 0 | 25319 | 0 |
| CORP INMOBILIARIA VESTA SAB DE CV | ADR | 92540K109 |  | 1641669 | 58030 | SH |  | OTR | 12 | 0 | 58030 | 0 |
| DANAHER Corp | COM | 235851102 |  | 474040 | 2391 | SH |  | OTR | 12 | 0 | 2391 | 0 |
| DEERE  CO | COM | 244199105 |  | 973049 | 2128 | SH |  | OTR | 12 | 0 | 2128 | 0 |
| DIAGEO PLC | ADR | 25243Q205 |  | 39992995 | 419082 | SH |  | OTR | 12 | 0 | 419082 | 0 |
| DRDGOLD LTD | ADR | 26152H301 |  | 1691990 | 61304 | SH |  | OTR | 12 | 0 | 61304 | 0 |
| DUKE ENERGY Corp. | COM | 26441C204 |  | 1984455 | 16036 | SH |  | OTR | 12 | 0 | 16036 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1258187 | 1649 | SH |  | OTR | 12 | 0 | 1649 | 0 |
| EMERSON ELECTRIC CO | COM | 291011104 |  | 1185342 | 9036 | SH |  | OTR | 12 | 0 | 9036 | 0 |
| EOG RESOURCES | COM | 26875P101 |  | 3040358 | 27117 | SH |  | OTR | 12 | 0 | 27117 | 0 |
| EQT CORP | COM | 26884L109 |  | 522528 | 9600 | SH |  | OTR | 12 | 0 | 9600 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 459762 | 587 | SH |  | OTR | 12 | 0 | 587 | 0 |
| EQUINOR ASA | ADR | 29446M102 |  | 12568963 | 515544 | SH |  | OTR | 12 | 0 | 515544 | 0 |
| EQUITY RESIDENTIAL | COM | 29476L107 |  | 406375 | 6278 | SH |  | OTR | 12 | 0 | 6278 | 0 |
| ERICSSON (LM) | ADR | 294821608 |  | 26545170 | 3209815 | SH |  | OTR | 12 | 0 | 3209815 | 0 |
| EVOTEC SE | ADR | 30050E105 |  | 479367 | 132057 | SH |  | OTR | 12 | 0 | 132057 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 1809529 | 12839 | SH |  | OTR | 12 | 0 | 12839 | 0 |
| FEDERAL REALTY INVESTMENT TRUST | COM | 313745101 |  | 504726 | 4982 | SH |  | OTR | 12 | 0 | 4982 | 0 |
| FIRST SAVINGS FINANCIAL GROUP INC | COM | 33621E109 |  | 594876 | 18927 | SH |  | OTR | 12 | 0 | 18927 | 0 |
| FISERV INC | COM | 337738108 |  | 1234505 | 9575 | SH |  | OTR | 12 | 0 | 9575 | 0 |
| FRESENIUS MEDICAL CARE AG | ADR | 358029106 |  | 532156 | 20211 | SH |  | OTR | 12 | 0 | 20211 | 0 |
| FRONTIER COMMUNICATIONS PARENT INC | COM | 35909D109 |  | 6528631 | 174796 | SH |  | OTR | 12 | 0 | 174796 | 0 |
| GDS HOLDINGS LTD | ADR | 36165L108 |  | 513743 | 13275 | SH |  | OTR | 12 | 0 | 13275 | 0 |
| GOLD FIELDS LTD | ADR | 38059T106 |  | 8871603 | 211430 | SH |  | OTR | 12 | 0 | 211430 | 0 |
| GSK PLC | ADR | 37733W204 |  | 3314774 | 76802 | SH |  | OTR | 12 | 0 | 76802 | 0 |
| GUARANTY BANCSHARES INC/TX | COM | 400764106 |  | 3142035 | 64452 | SH |  | OTR | 12 | 0 | 64452 | 0 |
| GUESS INC | COM | 401617105 |  | 6079449 | 363821 | SH |  | OTR | 12 | 0 | 363821 | 0 |
| HALEON PLC | ADR | 405552100 |  | 24464330 | 2727350 | SH |  | OTR | 12 | 0 | 2727350 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 7249231 | 1100035 | SH |  | OTR | 12 | 0 | 1100035 | 0 |
| HARBORONE BANCORP INC | COM | 41165Y100 |  | 7160740 | 526525 | SH |  | OTR | 12 | 0 | 526525 | 0 |
| HARMONY GOLD MINING CO LTD | ADR | 413216300 |  | 18540298 | 1021504 | SH |  | OTR | 12 | 0 | 1021504 | 0 |
| HARTFORD INSURANCE GROUP INC/T | COM | 416515104 |  | 3655553 | 27405 | SH |  | OTR | 12 | 0 | 27405 | 0 |
| HILTON WORLDWIDE HOLDINGS INC | COM | 43300A203 |  | 2173329 | 8377 | SH |  | OTR | 12 | 0 | 8377 | 0 |
| HONEYWELL INTERNATIONAL INC | COM | 438516106 |  | 1258790 | 5980 | SH |  | OTR | 12 | 0 | 5980 | 0 |
| HSBC HOLDINGS PLC | ADR | 404280406 |  | 17331116 | 244169 | SH |  | OTR | 12 | 0 | 244169 | 0 |
| ILLINOIS TOOL WORKS INC | COM | 452308109 |  | 205740 | 789 | SH |  | OTR | 12 | 0 | 789 | 0 |
| IMMUNOVANT INC (EX HEALTH SCIENCES ACQUISITION) | COM | 45258J102 |  | 235981 | 14639 | SH |  | OTR | 12 | 0 | 14639 | 0 |
| INFORMATICA INC | COM | 45674M101 |  | 6747985 | 271658 | SH |  | OTR | 12 | 0 | 271658 | 0 |
| ING GROEP NV | ADR | 456837103 |  | 23496411 | 900936 | SH |  | OTR | 12 | 0 | 900936 | 0 |
| INTERCONTINENTAL HOTELS GROUP PLC | ADR | 45857P806 |  | 15930775 | 131377 | SH |  | OTR | 12 | 0 | 131377 | 0 |
| INTERNATIONAL MONEY EXPRESS INC | COM | 46005L101 |  | 2506777 | 179440 | SH |  | OTR | 12 | 0 | 179440 | 0 |
| ISHARES CHINA LARGE-CAP ETF | ETF | 464287184 |  | 16748382 | 407107 | SH |  | OTR | 12 | 0 | 407107 | 0 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 8638539 | 98941 | SH |  | OTR | 12 | 0 | 98941 | 0 |
| ISHARES CORE MSCI EUROPE ETF | ETF | 46434V738 |  | 1055519 | 15495 | SH |  | OTR | 12 | 0 | 15495 | 0 |
| ISHARES EUROPE ETF | ETF | 464287861 |  | 225644 | 3446 | SH |  | OTR | 12 | 0 | 3446 | 0 |
| ISHARES MSCI AUSTRALIA ETF | ETF | 464286103 |  | 1780839 | 65957 | SH |  | OTR | 12 | 0 | 65957 | 0 |
| ISHARES MSCI CHINA ETF | ETF | 46429B671 |  | 204991 | 3113 | SH |  | OTR | 12 | 0 | 3113 | 0 |
| ISHARES MSCI FRANCE ETF | ETF | 464286707 |  | 1245899 | 28361 | SH |  | OTR | 12 | 0 | 28361 | 0 |
| ISHARES MSCI GERMANY ETF | ETF | 464286806 |  | 586743 | 14101 | SH |  | OTR | 12 | 0 | 14101 | 0 |
| ISHARES MSCI PACIFIC EX JAPAN ETF | ETF | 464286665 |  | 251871 | 4885 | SH |  | OTR | 12 | 0 | 4885 | 0 |
| ISHARES MSCI SOUTH AFRICA ETF | ETF | 464286780 |  | 630616 | 9838 | SH |  | OTR | 12 | 0 | 9838 | 0 |
| ISHARES MSCI SOUTH KOREA ETF | ETF | 464286772 |  | 511519 | 6386 | SH |  | OTR | 12 | 0 | 6386 | 0 |
| ISHARES MSCI SWEDEN ETF | ETF | 464286756 |  | 656930 | 13918 | SH |  | OTR | 12 | 0 | 13918 | 0 |
| KE HOLDINGS INC | ADR | 482497104 |  | 1923503 | 101237 | SH |  | OTR | 12 | 0 | 101237 | 0 |
| KELLANOVA | COM | 487836108 |  | 3334031 | 40649 | SH |  | OTR | 12 | 0 | 40649 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 1029737 | 40366 | SH |  | OTR | 12 | 0 | 40366 | 0 |
| KEYCORP | COM | 493267108 |  | 3369246 | 180270 | SH |  | OTR | 12 | 0 | 180270 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 976193 | 7851 | SH |  | OTR | 12 | 0 | 7851 | 0 |
| KINDER MORGAN INC. | COM | 49456B101 |  | 3158547 | 111570 | SH |  | OTR | 12 | 0 | 111570 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 3428731 | 26385 | SH |  | OTR | 12 | 0 | 26385 | 0 |
| KONINKLIJKE PHILIPS NV | ADR | 500472303 |  | 1372868 | 50362 | SH |  | OTR | 12 | 0 | 50362 | 0 |
| KRANESHARES CSI CHINA INTERNET ETF | ETF | 500767306 |  | 5802841 | 138130 | SH |  | OTR | 12 | 0 | 138130 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 219678 | 4084 | SH |  | OTR | 12 | 0 | 4084 | 0 |
| LENNAR Corp. | COM | 526057104 |  | 1056341 | 8381 | SH |  | OTR | 12 | 0 | 8381 | 0 |
| LENNAR Corp. | COM | 526057302 |  | 792654 | 6606 | SH |  | OTR | 12 | 0 | 6606 | 0 |
| LGL GROUP INC/THE | WRT | 50186A132 |  | 15087 | 47147 | SH |  | OTR | 12 | 0 | 47147 | 0 |
| LI AUTO INC | ADR | 50202M102 |  | 865234 | 34145 | SH |  | OTR | 12 | 0 | 34145 | 0 |
| LLOYDS BANKING GROUP PLC | ADR | 539439109 |  | 2259576 | 497704 | SH |  | OTR | 12 | 0 | 497704 | 0 |
| LOWE'S COS INC | COM | 548661107 |  | 4961865 | 19744 | SH |  | OTR | 12 | 0 | 19744 | 0 |
| MARSH  MCLENNAN COS | COM | 571748102 |  | 2833915 | 14062 | SH |  | OTR | 12 | 0 | 14062 | 0 |
| MARTIN MARIETTA MATERIALS INC | COM | 573284106 |  | 2977443 | 4724 | SH |  | OTR | 12 | 0 | 4724 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 4389507 | 7717 | SH |  | OTR | 12 | 0 | 7717 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 988611 | 11779 | SH |  | OTR | 12 | 0 | 11779 | 0 |
| META PLATFORMS INC | COM | 30303M102 |  | 467800 | 637 | SH |  | OTR | 12 | 0 | 637 | 0 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 487494 | 7591 | SH |  | OTR | 12 | 0 | 7591 | 0 |
| MID-AMERICA APARTMENT COMMUNITIES INC | COM | 59522J103 |  | 1125665 | 8056 | SH |  | OTR | 12 | 0 | 8056 | 0 |
| MOTOROLA SOLUTIONS INC | COM | 620076307 |  | 1214105 | 2655 | SH |  | OTR | 12 | 0 | 2655 | 0 |
| MRC GLOBAL INC | COM | 55345K103 |  | 966717 | 67040 | SH |  | OTR | 12 | 0 | 67040 | 0 |
| NATIONAL GRID PLC | ADR | 636274409 |  | 17408753 | 239559 | SH |  | OTR | 12 | 0 | 239559 | 0 |
| NATWEST GROUP PLC | ADR | 639057207 |  | 15607040 | 1102971 | SH |  | OTR | 12 | 0 | 1102971 | 0 |
| NEW ORIENTAL EDUCATION  TECHNOLOGY GROUP INC | ADR | 647581206 |  | 372021 | 7010 | SH |  | OTR | 12 | 0 | 7010 | 0 |
| NIO INC | ADR | 62914V106 |  | 1856971 | 243697 | SH |  | OTR | 12 | 0 | 243697 | 0 |
| NUCOR CORP | COM | 670346105 |  | 3788654 | 27975 | SH |  | OTR | 12 | 0 | 27975 | 0 |
| NVR INC | COM | 62944T105 |  | 224970 | 28 | SH |  | OTR | 12 | 0 | 28 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1241393 | 4414 | SH |  | OTR | 12 | 0 | 4414 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 294231 | 1445 | SH |  | OTR | 12 | 0 | 1445 | 0 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 1119788 | 1477 | SH |  | OTR | 12 | 0 | 1477 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 3575646 | 28208 | SH |  | OTR | 12 | 0 | 28208 | 0 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 715597 | 10671 | SH |  | OTR | 12 | 0 | 10671 | 0 |
| PEARSON PLC | ADR | 705015105 |  | 3094102 | 218510 | SH |  | OTR | 12 | 0 | 218510 | 0 |
| PETROLEO BRASILEIRO SA | ADR | 71654V408 |  | 2489083 | 196610 | SH |  | OTR | 12 | 0 | 196610 | 0 |
| POTBELLY CORP | COM | 73754Y100 |  | 1022178 | 59987 | SH |  | OTR | 12 | 0 | 59987 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 6554236 | 273207 | SH |  | OTR | 12 | 0 | 273207 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 1217984 | 7927 | SH |  | OTR | 12 | 0 | 7927 | 0 |
| PROVIDENT BANCORP Inc | COM | 74383L105 |  | 1782217 | 142236 | SH |  | OTR | 12 | 0 | 142236 | 0 |
| PRUDENTIAL FINANCIAL INC | COM | 744320102 |  | 3395203 | 32728 | SH |  | OTR | 12 | 0 | 32728 | 0 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 21225713 | 758332 | SH |  | OTR | 12 | 0 | 758332 | 0 |
| REGENERON PHARMACEUTICALS INC | COM | 75886F107 |  | 1107672 | 1970 | SH |  | OTR | 12 | 0 | 1970 | 0 |
| REGIONS FINANCIAL Corp | COM | 7591EP100 |  | 859820 | 32606 | SH |  | OTR | 12 | 0 | 32606 | 0 |
| RELX PLC | ADR | 759530108 |  | 30456504 | 637699 | SH |  | OTR | 12 | 0 | 637699 | 0 |
| RENTOKIL INITIAL PLC | ADR | 760125104 |  | 10972943 | 434572 | SH |  | OTR | 12 | 0 | 434572 | 0 |
| RIO TINTO PLC | ADR | 767204100 |  | 26101740 | 395421 | SH |  | OTR | 12 | 0 | 395421 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 265303 | 532 | SH |  | OTR | 12 | 0 | 532 | 0 |
| RYANAIR HOLDINGS PLC | ADR | 783513203 |  | 7326847 | 121668 | SH |  | OTR | 12 | 0 | 121668 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 3738420 | 7681 | SH |  | OTR | 12 | 0 | 7681 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 925722 | 3906 | SH |  | OTR | 12 | 0 | 3906 | 0 |
| SANDSTORM GOLD LTD | COM | 80013R206 |  | 7358668 | 587753 | SH |  | OTR | 12 | 0 | 587753 | 0 |
| SAP SE | ADR | 803054204 |  | 586526 | 2195 | SH |  | OTR | 12 | 0 | 2195 | 0 |
| SASOL | ADR | 803866300 |  | 1166878 | 187601 | SH |  | OTR | 12 | 0 | 187601 | 0 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 614964 | 26416 | SH |  | OTR | 12 | 0 | 26416 | 0 |
| SHELL PLC | ADR | 780259305 |  | 12936558 | 180855 | SH |  | OTR | 12 | 0 | 180855 | 0 |
| SHERWIN-WILLIAMS CO/THE | COM | 824348106 |  | 1335525 | 3857 | SH |  | OTR | 12 | 0 | 3857 | 0 |
| SIBANYE STILLWATER LTD | ADR | 82575P107 |  | 45328807 | 4032812 | SH |  | OTR | 12 | 0 | 4032812 | 0 |
| SLB LTD (EX SCHLUMBERGER) | COM | 806857108 |  | 2910795 | 84690 | SH |  | OTR | 12 | 0 | 84690 | 0 |
| SMITH  NEPHEW PLC | ADR | 83175M205 |  | 24802473 | 683452 | SH |  | OTR | 12 | 0 | 683452 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 868938 | 7160 | SH |  | OTR | 12 | 0 | 7160 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 504109 | 11781 | SH |  | OTR | 12 | 0 | 11781 | 0 |
| SPROUTS FARMERS MARKET INC | COM | 85208M102 |  | 240448 | 2210 | SH |  | OTR | 12 | 0 | 2210 | 0 |
| STAAR SURGICAL CO | COM | 852312305 |  | 6632295 | 246829 | SH |  | OTR | 12 | 0 | 246829 | 0 |
| STEELCASE INC | COM | 858155203 |  | 6911407 | 401826 | SH |  | OTR | 12 | 0 | 401826 | 0 |
| STMICROELECTRONICS NV | ADR | 861012102 |  | 17527926 | 620238 | SH |  | OTR | 12 | 0 | 620238 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1103465 | 2985 | SH |  | OTR | 12 | 0 | 2985 | 0 |
| SUMITOMO MITSUI FINANCIAL GROUP INC | ADR | 86562M209 |  | 1546475 | 92382 | SH |  | OTR | 12 | 0 | 92382 | 0 |
| TAKEDA PHARMACEUTICAL CO LTD | ADR | 874060205 |  | 8372074 | 571863 | SH |  | OTR | 12 | 0 | 571863 | 0 |
| TARGET CORP | COM | 87612E106 |  | 611036 | 6812 | SH |  | OTR | 12 | 0 | 6812 | 0 |
| TEGNA INC | COM | 87901J105 |  | 6291139 | 309451 | SH |  | OTR | 12 | 0 | 309451 | 0 |
| TENARIS SA | ADR | 88031M109 |  | 27729047 | 775204 | SH |  | OTR | 12 | 0 | 775204 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1310039 | 2701 | SH |  | OTR | 12 | 0 | 2701 | 0 |
| THOMSON REUTERS Corp | COM | 884903808 |  | 314699 | 2026 | SH |  | OTR | 12 | 0 | 2026 | 0 |
| TOURMALINE BIO INC | COM | 89157D105 |  | 6686634 | 139800 | SH |  | OTR | 12 | 0 | 139800 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 3168440 | 56029 | SH |  | OTR | 12 | 0 | 56029 | 0 |
| UDR INC | COM | 902653104 |  | 3332087 | 89428 | SH |  | OTR | 12 | 0 | 89428 | 0 |
| UNDER ARMOUR INC | COM | 904311206 |  | 56366 | 11670 | SH |  | OTR | 12 | 0 | 11670 | 0 |
| UNILEVER PLC | ADR | 904767704 |  | 5164770 | 87125 | SH |  | OTR | 12 | 0 | 87125 | 0 |
| UNITED AIRLINES HOLDINGS INC | COM | 910047109 |  | 2321887 | 24061 | SH |  | OTR | 12 | 0 | 24061 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 1986541 | 24894 | SH |  | OTR | 12 | 0 | 24894 | 0 |
| VERITEX HOLDINGS INC | COM | 923451108 |  | 6569633 | 195933 | SH |  | OTR | 12 | 0 | 195933 | 0 |
| VERONA PHARMA PLC | ADR | 925050106 |  | 6743645 | 63196 | SH |  | OTR | 12 | 0 | 63196 | 0 |
| VIRGIN GALACTIC HOLDINGS INC | COM | 92766K403 |  | 228400 | 59171 | SH |  | OTR | 12 | 0 | 59171 | 0 |
| VITAL ENERGY INC | COM | 516806205 |  | 6107998 | 361634 | SH |  | OTR | 12 | 0 | 361634 | 0 |
| VODAFONE GROUP PLC | ADR | 92857W308 |  | 42298379 | 3646412 | SH |  | OTR | 12 | 0 | 3646412 | 0 |
| WASTE MANAGEMENT INC | COM | 94106L109 |  | 967235 | 4380 | SH |  | OTR | 12 | 0 | 4380 | 0 |
| WEIBO CORP | ADR | 948596101 |  | 445024 | 35889 | SH |  | OTR | 12 | 0 | 35889 | 0 |
| WOODSIDE ENERGY GROUP LTD | ADR | 980228308 |  | 4750367 | 315639 | SH |  | OTR | 12 | 0 | 315639 | 0 |
| XPENG INC | ADR | 98422D105 |  | 578263 | 24691 | SH |  | OTR | 12 | 0 | 24691 | 0 |
| YUM CHINA HOLDINGS INC | COM | 98850P109 |  | 281426 | 6557 | SH |  | OTR | 12 | 0 | 6557 | 0 |
| ZAI LAB LTD | ADR | 98887Q104 |  | 352049 | 10388 | SH |  | OTR | 12 | 0 | 10388 | 0 |
| ZILLOW GROUP (EX. ZILLOW INC) | COM | 98954M200 |  | 331854 | 4307 | SH |  | OTR | 12 | 0 | 4307 | 0 |

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