# EDGAR Filing Document

**Accession Number:** 0000819118
**File Stem:** 0000035402-26-001955
**Filing Date:** 2026-3
**Character Count:** 47513
**Document Hash:** 207985d3681a78fa07da773efd3b567c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001955.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-001955

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY CONCORD STREET TRUST
- **CENTRAL INDEX KEY:** 0000819118

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05251
- **FILM NUMBER:** 26790498

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Fidelity Founders Fund (Series ID: S000064789)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000209806 | Fidelity Founders Fund                  | FIFNX           |
| C000209807 | Fidelity Advisor Founders Fund: Class Z | FIFWX           |
| C000209808 | Fidelity Advisor Founders Fund: Class A | FIFOX           |
| C000209809 | Fidelity Advisor Founders Fund: Class C | FIFQX           |
| C000209810 | Fidelity Advisor Founders Fund: Class M | FIFPX           |
| C000209811 | Fidelity Advisor Founders Fund: Class I | FIFVX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Founders Fund**

**January 31, 2026**

RFFF-NPRT3-0426

1.9892521.106 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 97.4%** | &nbsp;&nbsp;**Common Stocks - 97.4%** | &nbsp;&nbsp;**Common Stocks - 97.4%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Software - 0.0% |  |  |
| Canva Australia Holdings Pty Ltd Class A (a)(b)(c) | 188 | 290701 |
| BRAZIL - 0.8%  |  |  |
| Consumer Discretionary - 0.8% |  |  |
| Broadline Retail - 0.8% |  |  |
| MercadoLibre Inc (c) | 779 | 1673128 |
| CANADA - 8.5%  |  |  |
| Consumer Discretionary - 1.9% |  |  |
| Broadline Retail - 1.9% |  |  |
| Dollarama Inc  | 30631 | 4127925 |
| Energy - 1.2% |  |  |
| Oil, Gas & Consumable Fuels - 1.2% |  |  |
| Tourmaline Oil Corp (d) | 55609 | 2631692 |
| Information Technology - 1.5% |  |  |
| IT Services - 1.5% |  |  |
| Shopify Inc Class A (United States) (c) | 24509 | 3216316 |
| Materials - 3.9% |  |  |
| Metals & Mining - 3.9% |  |  |
| Alamos Gold Inc Class A  | 101078 | 3745747 |
| Franco-Nevada Corp  | 19683 | 4607468 |
| TOTAL MATERIALS |  | 8353215 |
| TOTAL CANADA |  | 18329148 |
| CHINA - 1.2%  |  |  |
| Communication Services - 0.8% |  |  |
| Interactive Media & Services - 0.8% |  |  |
| Tencent Holdings Ltd  | 22760 | 1749375 |
| Consumer Discretionary - 0.4% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| Trip.com Group Ltd ADR  | 12906 | 792041 |
| TOTAL CHINA |  | 2541416 |
| FRANCE - 1.6%  |  |  |
| Consumer Discretionary - 0.6% |  |  |
| Textiles, Apparel & Luxury Goods - 0.6% |  |  |
| Hermes International SCA  | 574 | 1380513 |
| Industrials - 1.0% |  |  |
| Aerospace & Defense - 1.0% |  |  |
| Dassault Aviation SA  | 5700 | 2160727 |
| TOTAL FRANCE |  | 3541240 |
| ITALY - 1.7%  |  |  |
| Industrials - 1.7% |  |  |
| Passenger Airlines - 1.7% |  |  |
| Ryanair Holdings PLC  | 106015 | 3598080 |
| JAPAN - 0.8%  |  |  |
| Industrials - 0.8% |  |  |
| Commercial Services & Supplies - 0.8% |  |  |
| Japan Elevator Service Holdings Co Ltd  | 160749 | 1688405 |
| KOREA (SOUTH) - 0.6%  |  |  |
| Information Technology - 0.6% |  |  |
| Semiconductors & Semiconductor Equipment - 0.6% |  |  |
| SK Hynix Inc GDR (Germany) (e) | 2216 | 1339635 |
| TAIWAN - 2.6%  |  |  |
| Information Technology - 2.6% |  |  |
| Semiconductors & Semiconductor Equipment - 2.6% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 16765 | 5541838 |
| UNITED KINGDOM - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Starling Bank Ltd (a)(b) | 44800 | 137930 |
| UNITED STATES - 79.6%  |  |  |
| Communication Services - 13.7% |  |  |
| Interactive Media & Services - 12.7% |  |  |
| Alphabet Inc Class C  | 58206 | 19704477 |
| Meta Platforms Inc Class A  | 8939 | 6404794 |
| Reddit Inc Class A (c) | 8356 | 1506336 |
|  |  | 27615607 |
| Media - 1.0% |  |  |
| EchoStar Corp Class A (c) | 18287 | 2070454 |
| TOTAL COMMUNICATION SERVICES |  | 29686061 |
| Consumer Discretionary - 11.4% |  |  |
| Automobiles - 1.8% |  |  |
| Tesla Inc (c) | 9076 | 3906401 |
| Broadline Retail - 5.4% |  |  |
| Amazon.com Inc (c) | 48564 | 11621365 |
| Hotels, Restaurants & Leisure - 3.4% |  |  |
| Marriott International Inc/MD Class A1  | 20056 | 6323657 |
| Monarch Casino & Resort Inc  | 1 | 91 |
| Royal Caribbean Cruises Ltd  | 3177 | 1031413 |
|  |  | 7355161 |
| Household Durables - 0.0% |  |  |
| Garmin Ltd  | 1 | 202 |
| Textiles, Apparel & Luxury Goods - 0.8% |  |  |
| Ralph Lauren Corp Class A  | 4844 | 1711918 |
| TOTAL CONSUMER DISCRETIONARY |  | 24595047 |
| Consumer Staples - 5.6% |  |  |
| Beverages - 5.6% |  |  |
| Coca-Cola Consolidated Inc  | 32146 | 4888121 |
| Monster Beverage Corp (c) | 90512 | 7309749 |
| TOTAL CONSUMER STAPLES |  | 12197870 |
| Financials - 19.7% |  |  |
| Banks - 1.8% |  |  |
| First Citizens BancShares Inc/NC Class A  | 1861 | 3851470 |
| Capital Markets - 10.8% |  |  |
| Blackrock Inc  | 3807 | 4259805 |
| Charles Schwab Corp/The  | 32218 | 3348095 |
| Interactive Brokers Group Inc Class A  | 93029 | 6966012 |
| Intercontinental Exchange Inc  | 35268 | 6128873 |
| MSCI Inc  | 4177 | 2544712 |
|  |  | 23247497 |
| Consumer Finance - 1.3% |  |  |
| Capital One Financial Corp  | 13210 | 2892065 |
| Financial Services - 2.8% |  |  |
| Apollo Global Management Inc  | 13393 | 1801894 |
| Berkshire Hathaway Inc Class B (c) | 8823 | 4239716 |
|  |  | 6041610 |
| Insurance - 3.0% |  |  |
| Arthur J Gallagher & Co  | 6569 | 1638112 |
| F&G Annuities & Life Inc  | 2545 | 75051 |
| Fidelity National Financial Inc  | 43218 | 2350627 |
| Kinsale Capital Group Inc  | 3179 | 1258503 |
| W R Berkley Corp  | 17842 | 1223604 |
|  |  | 6545897 |
| TOTAL FINANCIALS |  | 42578539 |
| Health Care - 1.0% |  |  |
| Biotechnology - 0.0% |  |  |
| Blueprint Medicines Corp rights (a)(c) | 1000 | 0 |
| Health Care Equipment & Supplies - 1.0% |  |  |
| Medline Inc Class A  | 49738 | 2198420 |
| Health Care Technology - 0.0% |  |  |
| Doximity Inc Class A (c) | 26 | 974 |
| TOTAL HEALTH CARE |  | 2199394 |
| Industrials - 9.2% |  |  |
| Aerospace & Defense - 6.3% |  |  |
| GE Aerospace  | 22070 | 6770855 |
| HEICO Corp Class A  | 15215 | 3873587 |
| TransDigm Group Inc  | 2135 | 3047798 |
|  |  | 13692240 |
| Commercial Services & Supplies - 2.2% |  |  |
| Cintas Corp  | 13600 | 2602904 |
| Rollins Inc  | 33817 | 2141969 |
|  |  | 4744873 |
| Ground Transportation - 0.7% |  |  |
| Old Dominion Freight Line Inc  | 8895 | 1540614 |
| TOTAL INDUSTRIALS |  | 19977727 |
| Information Technology - 17.0% |  |  |
| Communications Equipment - 1.6% |  |  |
| Arista Networks Inc (c) | 24781 | 3512459 |
| IT Services - 0.7% |  |  |
| Cloudflare Inc Class A (c) | 8664 | 1536560 |
| Semiconductors & Semiconductor Equipment - 7.0% |  |  |
| Analog Devices Inc  | 10 | 3109 |
| NVIDIA Corp  | 79455 | 15186234 |
|  |  | 15189343 |
| Software - 6.8% |  |  |
| Applied Intuition Inc Class A (a)(b)(c) | 270 | 30586 |
| Microsoft Corp  | 22287 | 9589873 |
| Palantir Technologies Inc Class A (c) | 16068 | 2355408 |
| Synopsys Inc (c) | 5701 | 2651621 |
| Zoom Communications Inc Class A (c) | 19 | 1750 |
| Zscaler Inc (c) | 6 | 1200 |
|  |  | 14630438 |
| Technology Hardware, Storage & Peripherals - 0.9% |  |  |
| Dell Technologies Inc Class C  | 16419 | 1878990 |
| TOTAL INFORMATION TECHNOLOGY |  | 36747790 |
| Materials - 1.5% |  |  |
| Metals & Mining - 1.5% |  |  |
| MP Materials Corp (c) | 29 | 1704 |
| Steel Dynamics Inc  | 18329 | 3291339 |
| TOTAL MATERIALS |  | 3293043 |
| Real Estate - 0.5% |  |  |
| Specialized REITs - 0.5% |  |  |
| Public Storage  | 3941 | 1088465 |
| TOTAL UNITED STATES |  | 172363936 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $150,485,425) |  | <br> **211045457** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.3%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.3%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.3%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Software - 0.0% |  |  |
| Canva Australia Holdings Pty Ltd Series A (a)(b)(c) | 17 | 26287 |
| Canva Australia Holdings Pty Ltd Series A2 (a)(b)(c) | 3 | 4638 |
| TOTAL AUSTRALIA |  | 30925 |
| CHINA - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Interactive Media & Services - 0.1% |  |  |
| Bytedance Ltd Series E1 (a)(b)(c) | 638 | 163826 |
| UNITED STATES - 0.2%  |  |  |
| Information Technology - 0.2% |  |  |
| IT Services - 0.0% |  |  |
| Yanka Industries Inc Series E (a)(b)(c) | 2484 | 3875 |
| Yanka Industries Inc Series F (a)(b)(c) | 12743 | 33514 |
|  |  | 37389 |
| Software - 0.2% |  |  |
| Applied Intuition Inc Series A2 (a)(b)(c) | 352 | 39875 |
| Applied Intuition Inc Series B2 (a)(b)(c) | 171 | 19370 |
| Evozyne Inc Series A (a)(b)(c) | 1000 | 16450 |
| MOLOCO Inc Series A (a)(b)(c) | 3703 | 252064 |
|  |  | 327759 |
| TOTAL UNITED STATES |  | 365148 |
| <br> **TOTAL CONVERTIBLE PREFERRED STOCKS**<br> (Cost $803,323) |  | <br> **559899** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.8%** | &nbsp;&nbsp;**Money Market Funds - 1.8%** | &nbsp;&nbsp;**Money Market Funds - 1.8%** | &nbsp;&nbsp;**Money Market Funds - 1.8%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (f) | 3.70 | 1513372 | 1513675 |
| Fidelity Securities Lending Cash Central Fund (f)(g) | 3.70 | 2392369 | 2392608 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $3,906,283) |  |  | **3906283** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.5%**<br> (Cost $155,195,031)<br>| <br>**215511639** |
| **NET OTHER ASSETS (LIABILITIES) - 0.5%**  | **1136843** |
| **NET ASSETS - 100.0%** | **216648482** |

---

**Legend**

(a) Level 3 security.

(b) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,019,116 or 0.5% of net assets.

(c) Non-income producing.

(d) Security or a portion of the security is on loan at period end.

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,339,635 or 0.6% of net assets.

(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(g) Investment made with cash collateral received from securities on loan.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Applied Intuition Inc Class A | 7/2/2024 | 16118 |
| Applied Intuition Inc Series A2 | 7/2/2024 | 21013 |
| Applied Intuition Inc Series B2 | 7/2/2024 | 10207 |
| Bytedance Ltd Series E1 | 11/18/2020 | 69908 |
| Canva Australia Holdings Pty Ltd Class A | 3/18/2024 - 5/3/2024 | 200532 |
| Canva Australia Holdings Pty Ltd Series A | 9/22/2023 | 18133 |
| Canva Australia Holdings Pty Ltd Series A2 | 9/22/2023 | 3200 |
| Evozyne Inc Series A | 4/9/2021 | 22470 |
| MOLOCO Inc Series A | 6/26/2023 | 222180 |
| Starling Bank Ltd | 6/18/2021 - 4/5/2022 | 85152 |
| Yanka Industries Inc Series E | 5/15/2020 | 30005 |
| Yanka Industries Inc Series F | 4/8/2021 | 406207 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 4663370 | 41697660 | 44847064 | 122307 | (291) | - | 1513675 | 1513372 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 3276043 | 27542767 | 28426221 | 3795 | 19 | - | 2392608 | 2392369 | 0.0% |
| Total | 7939413 | 69240427 | 73273285 | 126102 | (272) | - | 3906283 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Fidelity Concord Street Trust

- **b. Investment Company Act file number:** 811-05251

- **c. CIK number of Registrant:** 0000819118

- **d. LEI of Registrant:** EEX0N4ID1C226M44VF22

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity Founders Fund

- **b. EDGAR series identifier (if any):** S000064789

- **c. LEI of Series:** 549300ZCF5TUBMPJ1535

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $219465146.38

**Total Liabilities:** $2568499.79

**Net Assets:** $216896646.59

**Cash Not Reported:** $7648.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209806 | -0.90%               | 0.49%                | 0.57%                |
| Class ID C000209807 | -0.90%               | 0.53%                | 0.56%                |
| Class ID C000209808 | -0.95%               | 0.46%                | 0.57%                |
| Class ID C000209809 | -1.03%               | 0.44%                | 0.48%                |
| Class ID C000209810 | -1.00%               | 0.47%                | 0.54%                |
| Class ID C000209811 | -0.90%               | 0.49%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $984027.79               | $-3033496.12                               |
| Month 2  | $2113691.06              | $-1114809.09                               |
| Month 3  | $1245122.13              | $103496.70                                 |

### Schedule of Portfolio Investments

| Name                                   | Title                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALAMOS GOLD INC                        | ALAMOS GOLD INC A                                 | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    101078 | NS      | $3745746.62   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                           | ALPHABET INC CL C                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     58206 | NS      | $19704477.18  | 9.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                         | AMAZON.COM INC                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     48564 | NS      | $11621365.20  | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                     | ANALOG DEVICES INC                                | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |        10 | NS      | $3108.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                      | TENCENT HOLDINGS LTD                              | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     22760 | NS      | $1749374.75   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| BERKLEY WR CORP                        | BERKLEY (WR) CORP                                 | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     17842 | NS      | $1223604.36   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC DEL             | BERKSHIRE HATHAWAY INC CL B                       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8823 | NS      | $4239716.19   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP             | CAPITAL ONE FINANCIAL CORP                        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     13210 | NS      | $2892065.30   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                            | CINTAS CORP                                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13600 | NS      | $2602904.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CONSOLIDATED INC             | COCA COLA CONSOLIDATED INC                        | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     32146 | NS      | $4888120.76   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                     | TRIP.COM GROUP LTD ADR                            | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     12906 | NS      | $792041.22    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT AVIATION SA                   | DASSAULT AVIATION SA                              | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |      5700 | NS      | $2160727.11   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC                          | DOLLARAMA INC                                     | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     30631 | NS      | $4127924.58   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ECHOSTAR CORP                          | ECHOSTAR CORP CL A                                | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     18287 | NS      | $2070454.14   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                     | META PLATFORMS INC CL A                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      8939 | NS      | $6404793.50   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL INC        | FIDELITY NATIONAL FINL INC                        | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     43218 | NS      | $2350627.02   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust           | Fidelity Cash Central Fund                        | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1513372 | NS      | $1513674.96   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust           | Fidelity Securities Lending Cash Central Fund     | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   2387531 | NS      | $2387769.47   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC/NC       | FIRST CITIZENS BANCSHARES INC CL A                | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      1861 | NS      | $3851469.77   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                     | FRANCO-NEVADA CORP                                | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     19683 | NS      | $4607468.45   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO           | ARTHUR J GALLAGHAR AND CO                         | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      6569 | NS      | $1638111.53   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                           | GE AEROSPACE                                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     22070 | NS      | $6770855.30   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                             | GARMIN LTD                                        | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |         1 | NS      | $201.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP NEW                         | HEICO CORP CL A                                   | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     15215 | NS      | $3873586.85   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                        | HERMES INTERNATIONAL SA                           | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       755 | NS      | $1815831.74   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP INC          | INTERACTIVE BROKERS GROUP INC                     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     93029 | NS      | $6966011.52   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC          | INTERCONTINENTAL EXCHANGE INC                     | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     35268 | NS      | $6128873.04   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                               | MSCI INC                                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      4177 | NS      | $2544711.94   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC/MD          | MARRIOTT INTERNATIONAL INC A                      | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     20056 | NS      | $6323656.80   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                       | MERCADOLIBRE INC                                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       779 | NS      | $1673128.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                         | MICROSOFT CORP                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     24822 | NS      | $10680658.38  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MONARCH CASINO and RESORT INC          | MONARCH CASINO and RESORT INC                     | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |         1 | NS      | $91.53        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP NEW              | MONSTER BEVERAGE CORP                             | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     90512 | NS      | $7309749.12   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                            | NVIDIA CORP                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     79455 | NS      | $15186234.15  | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINES INC         | OLD DOMINION FREIGHT LINES INC                    | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      8895 | NS      | $1540614.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER INC                            | ZSCALER INC                                       | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |         6 | NS      | $1200.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                         | CLOUDFLARE INC                                    | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      8664 | NS      | $1536560.40   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                         | PUBLIC STORAGE                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      3941 | NS      | $1088464.79   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORP                      | RALPH LAUREN CORP                                 | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      4844 | NS      | $1711918.04   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS INC                            | ROLLINS INC                                       | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     33817 | NS      | $2141968.78   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PLC                   | RYANAIR HOLDINGS PLC                              | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |    106015 | NS      | $3598080.14   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHWAB CHARLES CORP                    | SCHWAB CHARLES CORP                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     32218 | NS      | $3348094.56   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC                     | STEEL DYNAMICS INC                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     18329 | NS      | $3291338.53   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                           | SYNOPSYS INC                                      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      5701 | NS      | $2651620.62   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD        | TAIWAN SEMIC MFG CO LTD SP ADR                    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     16765 | NS      | $5541838.40   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                              | TESLA INC                                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      9076 | NS      | $3906401.16   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TOURMALINE OIL CORP                    | TOURMALINE OIL CORP                               | CUSIP: 89156V106<br>LEI: 549300EWGW5PUCV5A109 | Long             | EC               | CORP              | CA        |     55609 | NS      | $2631692.40   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| TRANSDIGM GROUP INC                    | TRANSDIGM GROUP INC                               | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2135 | NS      | $3047797.90   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP INC              | KINSALE CAPITAL GROUP INC                         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      3179 | NS      | $1258502.52   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                            | SHOPIFY INC CL A                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     24509 | NS      | $3216316.07   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN ELEVATOR SERVICE HOLDINGS CO LTD | JAPAN ELEVATOR SERVICE HOLDINGS CO LTD            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    160749 | NS      | $1688404.62   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                            | ROBLOX CORP                                       | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     39642 | NS      | $2606857.92   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC                  | DELL TECHNOLOGIES INC CL C                        | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     16419 | NS      | $1878990.36   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC                | ZOOM COMMUNICATIONS INC CL A                      | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |        19 | NS      | $1749.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| YANKA INDUSTRIES INC                   | YANKA (MASTERCLASS) INDUSTRIES INC SER E 0% PC PP | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      2484 | NS      | $3875.04      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MP MATERIALS CORP                      | MP MATERIALS CORP                                 | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |        29 | NS      | $1704.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC              | PALANTIR TECHNOLOGIES INC                         | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     16068 | NS      | $2355408.12   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUYIN CO LTD                          | BYTEDANCE LTD SER E-1 PC PP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | CN        |       638 | NS      | $163825.64    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COINBASE GLOBAL INC                    | COINBASE GLOBAL INC                               | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      4179 | NS      | $813818.46    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| YANKA INDUSTRIES INC                   | YANKA (MASTERCLASS) INDUSTRIES INC SER F PC PP    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     12743 | NS      | $33514.09     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EVOZYNE INC                            | EVOZYNE INC SER A PC PP                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      1000 | NS      | $16450.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DOXIMITY INC                           | DOXIMITY INC                                      | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        26 | NS      | $974.22       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC          | APOLLO GLOBAL MANAGEMENT INC                      | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     13393 | NS      | $1801894.22   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| F and G ANNUITIES and LIFE INC         | F and G ANNUITIES and LIFE INC                    | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2545 | NS      | $75052.05     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLOCO INC                             | MOLOCO INC SERIES A PC PP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      3703 | NS      | $252063.21    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CANVA AUSTRALIA HOLDINGS PTY LTD       | CANVA INC SER A-2 PC PERP PP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | AU        |         3 | NS      | $4638.84      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CANVA AUSTRALIA HOLDINGS PTY LTD       | CANVA INC SER A PC PERP PP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | AU        |        17 | NS      | $26286.76     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REDDIT INC                             | REDDIT INC A                                      | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      8356 | NS      | $1506336.12   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CANVA AUSTRALIA HOLDINGS PTY LTD       | CANVA INC CL A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       188 | NS      | $290700.64    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLIED INTUITION INC                  | APPLIED INTUITION INC CL A PP                     | CUSIP: N/A<br>LEI: 9845005F7A14EF4CD470       | Long             | EC               | CORP              | US        |       270 | NS      | $30585.60     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLIED INTUITION INC                  | APPLIED INTUITION INC SER A-2 PC PP               | CUSIP: N/A<br>LEI: 9845005F7A14EF4CD470       | Long             | EP               | CORP              | US        |       352 | NS      | $39874.56     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APPLIED INTUITION INC                  | APPLIED INTUITION INC SER B-2 PC PP               | CUSIP: N/A<br>LEI: 9845005F7A14EF4CD470       | Long             | EP               | CORP              | US        |       171 | NS      | $19370.88     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BLACKROCK INC                          | BLACKROCK INC                                     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      3807 | NS      | $4259804.58   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                    | ARISTA NETWORKS INC                               | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     24781 | NS      | $3512458.94   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| STARLING BANK LTD                      | STARLING GROUP HOLDINGS LIMITED                   | CUSIP: N/A<br>LEI: 213800AE5VSF3V1PAV23       | Long             | EC               | CORP              | GB        |     44800 | NS      | $137929.68    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BLUEPRINT MEDICINES CORP               | BLUEPRINT MEDICINES CORP CVR                      | CUSIP: N/A<br>LEI: 5299004CC60O9T5HVM83       | Long             | EC               | CORP              | US        |      1000 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SK HYNIX INC                           | SK HYNIX INC GDR                                  | CUSIP: 78392B107<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      2216 | NS      | $1339635.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE INC                            | MEDLINE INC                                       | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     49738 | NS      | $2198419.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer