# EDGAR Filing Document

**Accession Number:** 0001650290
**File Stem:** 0001650290-26-000002
**Filing Date:** 2026-2
**Character Count:** 38047
**Document Hash:** d16731ba893d73236b37224add6a0509
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001650290-26-000002.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001650290-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tredje AP-fonden
- **CENTRAL INDEX KEY:** 0001650290

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16983
- **FILM NUMBER:** 26605257

**BUSINESS ADDRESS:**
- **STREET 1:** VASAGATAN 16
- **STREET 2:** BOX 1176
- **CITY:** SE-111 91 STOCKHOLM
- **STATE:** V7
- **ZIP:** 000000
- **BUSINESS PHONE:** 46 (0)8 555 17 100

**MAIL ADDRESS:**
- **STREET 1:** VASAGATAN 16
- **STREET 2:** BOX 1176
- **CITY:** SE-111 91 STOCKHOLM
- **STATE:** V7
- **ZIP:** 000000

### 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:** Tredje AP-fonden<br>**Address:** VASAGATAN 16<br>BOX 1176<br>SE-111 91 STOCKHOLM, V7 000000

**Form 13F File Number:** 028-16983

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:** Mikael Sedolin<br>**Title:** Senior Corporate Counsel<br>**Phone:** 0046855517153

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

/s/Mikael Sedolin  Stockholm, V7  02-06-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 351

**Form 13F Information Table Value Total:** $13279212657

      (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   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | BlackRock International Ltd. | 028-12736              |  |  |

### 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 |
| ABBOTT LABS | COM | 002824100 |  | 68426005 | 546141 | SH |  | SOLE |  | 546141 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 151452997 | 662843 | SH |  | SOLE |  | 662843 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 54187478 | 201966 | SH |  | SOLE |  | 201966 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 11899660 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 15935355 | 110028 | SH |  | SOLE |  | 110028 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 37843143 | 176705 | SH |  | SOLE |  | 176705 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 1194199 | 12527 | SH |  | SOLE |  | 12527 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 5354050 | 48554 | SH |  | SOLE |  | 48554 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 15319052 | 313017 | SH |  | SOLE |  | 313017 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 1094319 | 6873 | SH |  | SOLE |  | 6873 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 40256210 | 193400 | SH |  | SOLE |  | 193400 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 16083750 | 40447 | SH |  | SOLE |  | 40447 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 174716623 | 556777 | SH |  | SOLE |  | 556777 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 658827753 | 2104881 | SH |  | SOLE |  | 2104881 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 653841505 | 2832690 | SH |  | SOLE |  | 2832690 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 954590 | 29738 | SH |  | SOLE |  | 29738 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 2600474 | 19927 | SH |  | SOLE |  | 19927 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 17563488 | 35819 | SH |  | SOLE |  | 35819 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 6716922 | 32716 | SH |  | SOLE |  | 32716 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 23191877 | 70856 | SH |  | SOLE |  | 70856 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 33957168 | 251274 | SH |  | SOLE |  | 251274 | 0 | 0 |
| AMPLIFY ETF TR | BLACKSWAN GRWT | 032108888 |  | 211866750 | 6525000 | SH |  | SOLE |  | 6525000 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 76141027 | 280756 | SH |  | SOLE |  | 280756 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 1713827 | 76647 | SH |  | SOLE |  | 76647 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 2722822 | 7716 | SH |  | SOLE |  | 7716 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 904196302 | 3325963 | SH |  | SOLE |  | 3325963 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 15782588 | 207420 | SH |  | SOLE |  | 207420 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 3489857 | 36383 | SH |  | SOLE |  | 36383 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 3753210 | 23221 | SH |  | SOLE |  | 23221 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 5241200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 5203242 | 31277 | SH |  | SOLE |  | 31277 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 50540855 | 2034656 | SH |  | SOLE |  | 2034656 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 7565142 | 45130 | SH |  | SOLE |  | 45130 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 2324938 | 12823 | SH |  | SOLE |  | 12823 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1747139 | 9606 | SH |  | SOLE |  | 9606 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 50934031 | 1118446 | SH |  | SOLE |  | 1118446 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 1611930 | 30431 | SH |  | SOLE |  | 30431 | 0 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 69494436 | 20869200 | SH |  | SOLE |  | 20869200 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 113370840 | 2061288 | SH |  | SOLE |  | 2061288 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 2054994 | 107535 | SH |  | SOLE |  | 107535 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 56614100 | 291720 | SH |  | SOLE |  | 291720 | 0 | 0 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 1047019 | 27434 | SH |  | SOLE |  | 27434 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 2043297 | 29140 | SH |  | SOLE |  | 29140 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 141601029 | 281709 | SH |  | SOLE |  | 281709 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1811862 | 27071 | SH |  | SOLE |  | 27071 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 16164900 | 271999 | SH |  | SOLE |  | 271999 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 16948960 | 414400 | SH |  | SOLE |  | 414400 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 54623731 | 51034 | SH |  | SOLE |  | 51034 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 25705584 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 917246 | 10873 | SH |  | SOLE |  | 10873 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 109355866 | 1146889 | SH |  | SOLE |  | 1146889 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 370766894 | 1071271 | SH |  | SOLE |  | 1071271 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 2090657 | 9368 | SH |  | SOLE |  | 9368 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 2665088 | 33439 | SH |  | SOLE |  | 33439 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1533678 | 14906 | SH |  | SOLE |  | 14906 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 1882827 | 27902 | SH |  | SOLE |  | 27902 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 33930400 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 4882475 | 23759 | SH |  | SOLE |  | 23759 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 1647919 | 5152 | SH |  | SOLE |  | 5152 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 2323496 | 39308 | SH |  | SOLE |  | 39308 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 3557452 | 116485 | SH |  | SOLE |  | 116485 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 28741631 | 543937 | SH |  | SOLE |  | 543937 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 37370637 | 148887 | SH |  | SOLE |  | 148887 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 4413525 | 27449 | SH |  | SOLE |  | 27449 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 2059889 | 15124 | SH |  | SOLE |  | 15124 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 47369876 | 1235521 | SH |  | SOLE |  | 1235521 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 2067530 | 26733 | SH |  | SOLE |  | 26733 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 15719300 | 50363 | SH |  | SOLE |  | 50363 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 2126436 | 25360 | SH |  | SOLE |  | 25360 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 2745246 | 16809 | SH |  | SOLE |  | 16809 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 56983867 | 739762 | SH |  | SOLE |  | 739762 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 48724960 | 417559 | SH |  | SOLE |  | 417559 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 2744744 | 46991 | SH |  | SOLE |  | 46991 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1356466 | 13453 | SH |  | SOLE |  | 13453 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 12829498 | 183462 | SH |  | SOLE |  | 183462 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 1677883 | 181983 | SH |  | SOLE |  | 181983 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 116541579 | 1667023 | SH |  | SOLE |  | 1667023 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 16980994 | 92003 | SH |  | SOLE |  | 92003 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 12859225 | 56864 | SH |  | SOLE |  | 56864 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 9940939 | 100090 | SH |  | SOLE |  | 100090 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 25207913 | 182719 | SH |  | SOLE |  | 182719 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 2719679 | 33183 | SH |  | SOLE |  | 33183 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 2671356 | 8877 | SH |  | SOLE |  | 8877 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 2735525 | 40683 | SH |  | SOLE |  | 40683 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 43479183 | 50420 | SH |  | SOLE |  | 50420 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 8633400 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 2380483 | 12936 | SH |  | SOLE |  | 12936 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 8159400 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 58921155 | 568353 | SH |  | SOLE |  | 568353 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 7930440 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 32395712 | 466797 | SH |  | SOLE |  | 466797 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 22916809 | 115759 | SH |  | SOLE |  | 115759 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 18028791 | 158467 | SH |  | SOLE |  | 158467 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 1823544 | 26660 | SH |  | SOLE |  | 26660 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 12293971 | 92596 | SH |  | SOLE |  | 92596 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 2504484 | 20360 | SH |  | SOLE |  | 20360 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 1263381 | 3031 | SH |  | SOLE |  | 3031 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 33589675 | 172043 | SH |  | SOLE |  | 172043 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 1905190 | 55287 | SH |  | SOLE |  | 55287 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 1983412 | 45764 | SH |  | SOLE |  | 45764 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 104316166 | 327513 | SH |  | SOLE |  | 327513 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 4037869 | 46359 | SH |  | SOLE |  | 46359 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 2756178 | 45921 | SH |  | SOLE |  | 45921 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 252462751 | 234919 | SH |  | SOLE |  | 234919 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 2868683 | 4689 | SH |  | SOLE |  | 4689 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 25086469 | 189018 | SH |  | SOLE |  | 189018 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 2056795 | 24413 | SH |  | SOLE |  | 24413 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 4663463 | 50454 | SH |  | SOLE |  | 50454 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 2738288 | 12620 | SH |  | SOLE |  | 12620 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 19506434 | 25460 | SH |  | SOLE |  | 25460 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2234213 | 46888 | SH |  | SOLE |  | 46888 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 2654779 | 43801 | SH |  | SOLE |  | 43801 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 4506533 | 117480 | SH |  | SOLE |  | 117480 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 1782302 | 6811 | SH |  | SOLE |  | 6811 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 1953977 | 5758 | SH |  | SOLE |  | 5758 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 26058160 | 614000 | SH |  | SOLE |  | 614000 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 3420968 | 12075 | SH |  | SOLE |  | 12075 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 1874397 | 12579 | SH |  | SOLE |  | 12579 | 0 | 0 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 |  | 62656 | 2031 | SH |  | SOLE |  | 2031 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1961163 | 7683 | SH |  | SOLE |  | 7683 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 3599330 | 2129 | SH |  | SOLE |  | 2129 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 3961232 | 98710 | SH |  | SOLE |  | 98710 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 4002887 | 17980 | SH |  | SOLE |  | 17980 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 1848254 | 33857 | SH |  | SOLE |  | 33857 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 23040491 | 492213 | SH |  | SOLE |  | 492213 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 2474546 | 1153 | SH |  | SOLE |  | 1153 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 68624337 | 262697 | SH |  | SOLE |  | 262697 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 5266519 | 117635 | SH |  | SOLE |  | 117635 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 1597142 | 26434 | SH |  | SOLE |  | 26434 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | SYSTMTC STYL PRE | 35473P546 |  | 216625500 | 8050000 | SH |  | SOLE |  | 8050000 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 87439526 | 532486 | SH |  | SOLE |  | 532486 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 28262974 | 109212 | SH |  | SOLE |  | 109212 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 970086 | 21707 | SH |  | SOLE |  | 21707 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 3063846 | 15104 | SH |  | SOLE |  | 15104 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2865144 | 11357 | SH |  | SOLE |  | 11357 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 9254761 | 30045 | SH |  | SOLE |  | 30045 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 18241792 | 27911 | SH |  | SOLE |  | 27911 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 1668460 | 61363 | SH |  | SOLE |  | 61363 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 12273300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 41906148 | 515324 | SH |  | SOLE |  | 515324 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2015191 | 16389 | SH |  | SOLE |  | 16389 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 1882045 | 15168 | SH |  | SOLE |  | 15168 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 28395216 | 32304 | SH |  | SOLE |  | 32304 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 1194631 | 14574 | SH |  | SOLE |  | 14574 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 4155859 | 147058 | SH |  | SOLE |  | 147058 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 2019000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 6756609 | 49032 | SH |  | SOLE |  | 49032 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 6121468 | 13112 | SH |  | SOLE |  | 13112 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 1812522 | 112719 | SH |  | SOLE |  | 112719 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 1349622 | 7396 | SH |  | SOLE |  | 7396 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 3381175 | 140765 | SH |  | SOLE |  | 140765 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 2018530 | 27098 | SH |  | SOLE |  | 27098 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 101701508 | 295558 | SH |  | SOLE |  | 295558 | 0 | 0 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 |  | 6833984 | 86869 | SH |  | SOLE |  | 86869 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 3170501 | 7139 | SH |  | SOLE |  | 7139 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 2500099 | 6230 | SH |  | SOLE |  | 6230 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 2301180 | 11841 | SH |  | SOLE |  | 11841 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 3295233 | 189927 | SH |  | SOLE |  | 189927 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 1768811 | 11033 | SH |  | SOLE |  | 11033 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 18661991 | 104878 | SH |  | SOLE |  | 104878 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 2983759 | 22749 | SH |  | SOLE |  | 22749 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 5217031 | 52820 | SH |  | SOLE |  | 52820 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 3786874 | 47802 | SH |  | SOLE |  | 47802 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 2200586 | 7742 | SH |  | SOLE |  | 7742 | 0 | 0 |
| INTER  CO INC | CLASS A COM | G4R20B107 |  | 11366482 | 1340387 | SH |  | SOLE |  | 1340387 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 11745015 | 72518 | SH |  | SOLE |  | 72518 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 12282644 | 41466 | SH |  | SOLE |  | 41466 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 3412764 | 50642 | SH |  | SOLE |  | 50642 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 31250326 | 47176 | SH |  | SOLE |  | 47176 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 97306878 | 171811 | SH |  | SOLE |  | 171811 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 1523615 | 54826 | SH |  | SOLE |  | 54826 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2495219 | 30081 | SH |  | SOLE |  | 30081 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 30567121 | 4269151 | SH |  | SOLE |  | 4269151 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 6683691 | 71976 | SH |  | SOLE |  | 71976 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 7316934 | 32089 | SH |  | SOLE |  | 32089 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 43576028 | 328975 | SH |  | SOLE |  | 328975 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 7344000 | 43200 | SH |  | SOLE |  | 43200 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 29317572 | 141665 | SH |  | SOLE |  | 141665 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 14058291 | 117397 | SH |  | SOLE |  | 117397 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 356804196 | 1107331 | SH |  | SOLE |  | 1107331 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 3396147 | 164542 | SH |  | SOLE |  | 164542 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 1889590 | 93221 | SH |  | SOLE |  | 93221 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 81300497 | 637751 | SH |  | SOLE |  | 637751 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 59529632 | 952779 | SH |  | SOLE |  | 952779 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 2382607 | 9497 | SH |  | SOLE |  | 9497 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 47017840 | 274669 | SH |  | SOLE |  | 274669 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 9564502 | 284066 | SH |  | SOLE |  | 284066 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 2482003 | 24144 | SH |  | SOLE |  | 24144 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 2511020 | 25490 | SH |  | SOLE |  | 25490 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 29362068 | 68862 | SH |  | SOLE |  | 68862 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 2877218 | 20191 | SH |  | SOLE |  | 20191 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 7701004 | 73127 | SH |  | SOLE |  | 73127 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 2933437 | 8213 | SH |  | SOLE |  | 8213 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 3874000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 2661954 | 13212 | SH |  | SOLE |  | 13212 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 2592478 | 1206 | SH |  | SOLE |  | 1206 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 3404705 | 5468 | SH |  | SOLE |  | 5468 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 44435022 | 522888 | SH |  | SOLE |  | 522888 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1604903 | 25290 | SH |  | SOLE |  | 25290 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 214199884 | 375210 | SH |  | SOLE |  | 375210 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 3968911 | 12986 | SH |  | SOLE |  | 12986 | 0 | 0 |
| MCGRATH RENTCORP | COM | 580589109 |  | 12246170 | 116708 | SH |  | SOLE |  | 116708 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 104798610 | 127758 | SH |  | SOLE |  | 127758 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 5616500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 74656708 | 709260 | SH |  | SOLE |  | 709260 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 281574592 | 426570 | SH |  | SOLE |  | 426570 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 38314792 | 485366 | SH |  | SOLE |  | 485366 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 4342902 | 3115 | SH |  | SOLE |  | 3115 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 136514743 | 478311 | SH |  | SOLE |  | 478311 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 825850792 | 1707644 | SH |  | SOLE |  | 1707644 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 1359095 | 9784 | SH |  | SOLE |  | 9784 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 60459039 | 1090531 | SH |  | SOLE |  | 1090531 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 6576055 | 280788 | SH |  | SOLE |  | 280788 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 4143878 | 4572 | SH |  | SOLE |  | 4572 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 56500270 | 736928 | SH |  | SOLE |  | 736928 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 41453433 | 233501 | SH |  | SOLE |  | 233501 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 4352978 | 44816 | SH |  | SOLE |  | 44816 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 2457180 | 22945 | SH |  | SOLE |  | 22945 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 33025085 | 352230 | SH |  | SOLE |  | 352230 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 11985060 | 84503 | SH |  | SOLE |  | 84503 | 0 | 0 |
| NEW YORK LIFE INVESTMENTS ET | NYLI HEDGE MULTI | 45409B107 |  | 210275250 | 6275000 | SH |  | SOLE |  | 6275000 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 9617153 | 96316 | SH |  | SOLE |  | 96316 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 1473560 | 56415 | SH |  | SOLE |  | 56415 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 37025377 | 461203 | SH |  | SOLE |  | 461203 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 14347274 | 343565 | SH |  | SOLE |  | 343565 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 20186743 | 83961 | SH |  | SOLE |  | 83961 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 3561584 | 26075 | SH |  | SOLE |  | 26075 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 3049287 | 19149 | SH |  | SOLE |  | 19149 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 6118200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 903256427 | 4843198 | SH |  | SOLE |  | 4843198 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 22357180 | 103000 | SH |  | SOLE |  | 103000 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 18330343 | 211985 | SH |  | SOLE |  | 211985 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 2527314 | 31298 | SH |  | SOLE |  | 31298 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 2788184 | 51490 | SH |  | SOLE |  | 51490 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 14207400 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 7507543 | 38518 | SH |  | SOLE |  | 38518 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 4104 | 45 | SH |  | SOLE |  | 45 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 2474760 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 32346809 | 175607 | SH |  | SOLE |  | 175607 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 18858966 | 21456 | SH |  | SOLE |  | 21456 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 1241892 | 7793 | SH |  | SOLE |  | 7793 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 2246196 | 21569 | SH |  | SOLE |  | 21569 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 33615000 | 1350000 | SH |  | SOLE |  | 1350000 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 3708586 | 230777 | SH |  | SOLE |  | 230777 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 34061997 | 1315643 | SH |  | SOLE |  | 1315643 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2517729 | 24592 | SH |  | SOLE |  | 24592 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 2779321 | 31508 | SH |  | SOLE |  | 31508 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 134200786 | 936437 | SH |  | SOLE |  | 936437 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 39818208 | 174856 | SH |  | SOLE |  | 174856 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 32393853 | 253751 | SH |  | SOLE |  | 253751 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 2692241 | 15454 | SH |  | SOLE |  | 15454 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 2287508 | 19508 | SH |  | SOLE |  | 19508 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 2142109 | 31967 | SH |  | SOLE |  | 31967 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 8935939 | 109442 | SH |  | SOLE |  | 109442 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 17690675 | 103424 | SH |  | SOLE |  | 103424 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 5791085 | 13721 | SH |  | SOLE |  | 13721 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 2293546 | 13217 | SH |  | SOLE |  | 13217 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 3025034 | 18837 | SH |  | SOLE |  | 18837 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 2708973 | 48057 | SH |  | SOLE |  | 48057 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 30020102 | 130596 | SH |  | SOLE |  | 130596 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 704520 | 10206 | SH |  | SOLE |  | 10206 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 12604637 | 16330 | SH |  | SOLE |  | 16330 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 2854226 | 105322 | SH |  | SOLE |  | 105322 | 0 | 0 |
| RELIANCE INC | COM | 759509102 |  | 4745556 | 16428 | SH |  | SOLE |  | 16428 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 3541030 | 14701 | SH |  | SOLE |  | 14701 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 9524717 | 84215 | SH |  | SOLE |  | 84215 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 4861800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 38878990 | 87343 | SH |  | SOLE |  | 87343 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 30144628 | 167340 | SH |  | SOLE |  | 167340 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 2065849 | 53464 | SH |  | SOLE |  | 53464 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 2717104 | 26126 | SH |  | SOLE |  | 26126 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 63375534 | 121272 | SH |  | SOLE |  | 121272 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 86062107 | 324873 | SH |  | SOLE |  | 324873 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 7821434 | 32949 | SH |  | SOLE |  | 32949 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 1831589 | 9469 | SH |  | SOLE |  | 9469 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 18323494 | 183400 | SH |  | SOLE |  | 183400 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 14594008 | 114400 | SH |  | SOLE |  | 114400 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 30661648 | 111339 | SH |  | SOLE |  | 111339 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 85723592 | 559590 | SH |  | SOLE |  | 559590 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 2353113 | 24058 | SH |  | SOLE |  | 24058 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 2634664 | 68132 | SH |  | SOLE |  | 68132 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 1326990 | 164435 | SH |  | SOLE |  | 164435 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 2149959 | 6239 | SH |  | SOLE |  | 6239 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 31239875 | 53796 | SH |  | SOLE |  | 53796 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 1687905 | 19308 | SH |  | SOLE |  | 19308 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 4432268 | 34356 | SH |  | SOLE |  | 34356 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 4413664 | 26047 | SH |  | SOLE |  | 26047 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 2633059 | 10386 | SH |  | SOLE |  | 10386 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 46239745 | 131561 | SH |  | SOLE |  | 131561 | 0 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 1669316 | 13472 | SH |  | SOLE |  | 13472 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 1350225 | 46130 | SH |  | SOLE |  | 46130 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 3916788 | 46947 | SH |  | SOLE |  | 46947 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1092099 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 70555792 | 347497 | SH |  | SOLE |  | 347497 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 72074503 | 237173 | SH |  | SOLE |  | 237173 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 50707766 | 198054 | SH |  | SOLE |  | 198054 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 7410021 | 57995 | SH |  | SOLE |  | 57995 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 4680396 | 25368 | SH |  | SOLE |  | 25368 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 6406682 | 28160 | SH |  | SOLE |  | 28160 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 3435496 | 17749 | SH |  | SOLE |  | 17749 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 58690259 | 130504 | SH |  | SOLE |  | 130504 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 27215029 | 156868 | SH |  | SOLE |  | 156868 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 89579493 | 154594 | SH |  | SOLE |  | 154594 | 0 | 0 |
| TIDAL TRUST II | NICHOLAS FIXED | 88634T535 |  | 88709583 | 4936785 | SH |  | SOLE |  | 4936785 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 129490619 | 842983 | SH |  | SOLE |  | 842983 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 18151429 | 362956 | SH |  | SOLE |  | 362956 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 1427809 | 13277 | SH |  | SOLE |  | 13277 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 2248880 | 26226 | SH |  | SOLE |  | 26226 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 34904690 | 445497 | SH |  | SOLE |  | 445497 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 6041806 | 84019 | SH |  | SOLE |  | 84019 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 2693599 | 18937 | SH |  | SOLE |  | 18937 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 2282007 | 5027 | SH |  | SOLE |  | 5027 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 58884719 | 720655 | SH |  | SOLE |  | 720655 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 1311163 | 35746 | SH |  | SOLE |  | 35746 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 2684429 | 4437 | SH |  | SOLE |  | 4437 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 36783581 | 159016 | SH |  | SOLE |  | 159016 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 57262627 | 70754 | SH |  | SOLE |  | 70754 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 2709597 | 5561 | SH |  | SOLE |  | 5561 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 125521026 | 380240 | SH |  | SOLE |  | 380240 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 9044387 | 40516 | SH |  | SOLE |  | 40516 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 2783823 | 35976 | SH |  | SOLE |  | 35976 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1589196 | 15927 | SH |  | SOLE |  | 15927 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 1831357 | 7538 | SH |  | SOLE |  | 7538 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 13421400 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 28018208 | 687901 | SH |  | SOLE |  | 687901 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 59719753 | 131727 | SH |  | SOLE |  | 131727 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 25206164 | 155584 | SH |  | SOLE |  | 155584 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 2590386 | 92119 | SH |  | SOLE |  | 92119 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 139383377 | 397432 | SH |  | SOLE |  | 397432 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 3299710 | 11569 | SH |  | SOLE |  | 11569 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 3904214 | 18291 | SH |  | SOLE |  | 18291 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 145923146 | 1309785 | SH |  | SOLE |  | 1309785 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 27145728 | 154800 | SH |  | SOLE |  | 154800 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 64952867 | 295630 | SH |  | SOLE |  | 295630 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 3477344 | 9155 | SH |  | SOLE |  | 9155 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 9036900 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 150244457 | 1612065 | SH |  | SOLE |  | 1612065 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 19599302 | 105594 | SH |  | SOLE |  | 105594 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 2801751 | 10183 | SH |  | SOLE |  | 10183 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 41849379 | 242929 | SH |  | SOLE |  | 242929 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2409463 | 101708 | SH |  | SOLE |  | 101708 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 2359174 | 13210 | SH |  | SOLE |  | 13210 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 13650701 | 41542 | SH |  | SOLE |  | 41542 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 1459556 | 22678 | SH |  | SOLE |  | 22678 | 0 | 0 |
| WW GRAINGER INC | COM | 384802104 |  | 3906033 | 3871 | SH |  | SOLE |  | 3871 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 87111078 | 639676 | SH |  | SOLE |  | 639676 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 1753889 | 7223 | SH |  | SOLE |  | 7223 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 8247457 | 120895 | SH |  | SOLE |  | 120895 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 2302761 | 25609 | SH |  | SOLE |  | 25609 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 2407577 | 27901 | SH |  | SOLE |  | 27901 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 2694767 | 11981 | SH |  | SOLE |  | 11981 | 0 | 0 |

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