# EDGAR Filing Document

**Accession Number:** 0002131483
**File Stem:** 0002131483-26-000051
**Filing Date:** 2026-5
**Character Count:** 21122
**Document Hash:** d720a684b36bd64731fc8e35a21a765f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002131483-26-000051.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002131483-26-000051

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**EFFECTIVENESS DATE**: 20260528

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26999
- **FILM NUMBER:** 261036396

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

/s/Robert Park  Woburn, MA  05-28-2026<br>[Signature]  [City, State]  [Date]

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

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 160

**Form 13F Information Table Value Total:** $2697473350

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABORATORIES | COM | 002824100 | BBG001S5N9M6 | 437990 | 4266 | SH |  | SOLE |  | 0 | 0 | 4266 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 538288 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 | BBG001SH4LQ0 | 606663 | 4424 | SH |  | SOLE |  | 0 | 0 | 4424 |
| AFFILIATED MANAGERS GROUP | COM | 008252108 | BBG001S6DMD6 | 3193621 | 11542 | SH |  | SOLE |  | 0 | 0 | 11542 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 36972270 | 337000 | SH |  | SOLE |  | 0 | 0 | 337000 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 80516800 | 280000 | SH |  | SOLE |  | 0 | 0 | 280000 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 82090726 | 286170 | SH |  | SOLE |  | 0 | 0 | 286170 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 70327364 | 337674 | SH |  | SOLE |  | 0 | 0 | 337674 |
| AMBEV SA | SPONSORED ADR | 02319V103 | BBG005KLVT74 | 529971 | 181497 | SH |  | SOLE |  | 0 | 0 | 181497 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 29886536 | 98805 | SH |  | SOLE |  | 0 | 0 | 98805 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPR9 | 987061 | 3058 | SH |  | SOLE |  | 0 | 0 | 3058 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 163312338 | 643494 | SH |  | SOLE |  | 0 | 0 | 643494 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 58548628 | 171300 | SH |  | SOLE |  | 0 | 0 | 171300 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 2633498 | 20897 | SH |  | SOLE |  | 0 | 0 | 20897 |
| ARAMARK | COM | 03852U106 | BBG001V0NR70 | 3118451 | 76923 | SH |  | SOLE |  | 0 | 0 | 76923 |
| ARGENX SE | SPONSORED ADR | 04016X101 | BBG00GHB88Y8 | 1359726 | 1862 | SH |  | SOLE |  | 0 | 0 | 1862 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 | BBG00KLHLBL3 | 2415065 | 111396 | SH |  | SOLE |  | 0 | 0 | 111396 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 1347247 | 1020 | SH |  | SOLE |  | 0 | 0 | 1020 |
| ASTRAZENECA PLC | ORD | G0593M107 | BBG001SCNW31 | 1159654 | 5880 | SH |  | SOLE |  | 0 | 0 | 5880 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 41182937 | 202692 | SH |  | SOLE |  | 0 | 0 | 202692 |
| AVERY DENNISON CORP | COM | 053611109 | BBG001S5NZM8 | 3439268 | 19917 | SH |  | SOLE |  | 0 | 0 | 19917 |
| BAIDU INC | SPON ADR REP A | 056752108 | BBG001SNBKD5 | 596766 | 5356 | SH |  | SOLE |  | 0 | 0 | 5356 |
| BALL CORP | COM | 058498106 | BBG001S5P7Q4 | 612025 | 10354 | SH |  | SOLE |  | 0 | 0 | 10354 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 | BBG001SF7657 | 408461 | 111907 | SH |  | SOLE |  | 0 | 0 | 111907 |
| BENTLEY SYS INC | COM CL B | 08265T208 | BBG001SBWGV7 | 991332 | 28227 | SH |  | SOLE |  | 0 | 0 | 28227 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 | BBG00B6WF7V2 | 957431 | 3224 | SH |  | SOLE |  | 0 | 0 | 3224 |
| BERKLEY W R CORP | COM | 084423102 | BBG001S5P463 | 3463069 | 52249 | SH |  | SOLE |  | 0 | 0 | 52249 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 24750680 | 51650 | SH |  | SOLE |  | 0 | 0 | 51650 |
| BIO-TECHNE CORP | COM | 09073M104 | BBG001S66C28 | 2398985 | 45905 | SH |  | SOLE |  | 0 | 0 | 45905 |
| BLACKBAUD INC | COM | 09227Q100 | BBG001S9B5W8 | 898079 | 23260 | SH |  | SOLE |  | 0 | 0 | 23260 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 64809458 | 67390 | SH |  | SOLE |  | 0 | 0 | 67390 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 24086169 | 121018 | SH |  | SOLE |  | 0 | 0 | 121018 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 | BBG001T91S76 | 1656031 | 21223 | SH |  | SOLE |  | 0 | 0 | 21223 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 | BBG019Z17GF9 | 915670 | 20600 | SH |  | SOLE |  | 0 | 0 | 20600 |
| BURLINGTON STORES INC | COM | 122017106 | BBG004S641P3 | 4289159 | 13182 | SH |  | SOLE |  | 0 | 0 | 13182 |
| CACI INTL INC | CL A | 127190304 | BBG001SF9NK1 | 4444506 | 8172 | SH |  | SOLE |  | 0 | 0 | 8172 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 19703762 | 70910 | SH |  | SOLE |  | 0 | 0 | 70910 |
| CAE INC | COM | 124765108 | BBG001S5Y4F3 | 731666 | 28087 | SH |  | SOLE |  | 0 | 0 | 28087 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 647657 | 6302 | SH |  | SOLE |  | 0 | 0 | 6302 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 5389902 | 16156 | SH |  | SOLE |  | 0 | 0 | 16156 |
| CARNIVAL CORP | COMMON STOCK | 143658300 | BBG001S5PL01 | 711545 | 27494 | SH |  | SOLE |  | 0 | 0 | 27494 |
| CASEYS GEN STORES INC | COM | 147528103 | BBG001S5PHZ2 | 3405657 | 4679 | SH |  | SOLE |  | 0 | 0 | 4679 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 31409575 | 44335 | SH |  | SOLE |  | 0 | 0 | 44335 |
| CDW CORP | COM | 12514G108 | BBG001V18TB6 | 939115 | 7760 | SH |  | SOLE |  | 0 | 0 | 7760 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 | BBG001SB85K0 | 566115 | 3963 | SH |  | SOLE |  | 0 | 0 | 3963 |
| CHOICE HOTELS INTL INC | COM | 169905106 | BBG001S997X6 | 2315192 | 22369 | SH |  | SOLE |  | 0 | 0 | 22369 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 28281867 | 364504 | SH |  | SOLE |  | 0 | 0 | 364504 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 19733340 | 174000 | SH |  | SOLE |  | 0 | 0 | 174000 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 25514573 | 335497 | SH |  | SOLE |  | 0 | 0 | 335497 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 954688 | 34805 | SH |  | SOLE |  | 0 | 0 | 34805 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 | BBG001S90WD2 | 576509 | 10518 | SH |  | SOLE |  | 0 | 0 | 10518 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | BBG001S9KRQ7 | 1309309 | 1314 | SH |  | SOLE |  | 0 | 0 | 1314 |
| DEUTSCHE BK AG | NAMEN AKT | D18190898 | BBG001S683N3 | 730801 | 24540 | SH |  | SOLE |  | 0 | 0 | 24540 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 | BBG001SDXGH8 | 2056394 | 34239 | SH |  | SOLE |  | 0 | 0 | 34239 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 25853011 | 124025 | SH |  | SOLE |  | 0 | 0 | 124025 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 108326910 | 117776 | SH |  | SOLE |  | 0 | 0 | 117776 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 11136700 | 85000 | SH |  | SOLE |  | 0 | 0 | 85000 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 | BBG00LN4B6D9 | 1422572 | 56073 | SH |  | SOLE |  | 0 | 0 | 56073 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 | BBG001SJ3R93 | 905359 | 21454 | SH |  | SOLE |  | 0 | 0 | 21454 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | BBG001S723L9 | 207025 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 479816 | 1468 | SH |  | SOLE |  | 0 | 0 | 1468 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 59724562 | 352025 | SH |  | SOLE |  | 0 | 0 | 352025 |
| FACTSET RESH SYS INC | COM | 303075105 | BBG001S5XRL6 | 546282 | 2518 | SH |  | SOLE |  | 0 | 0 | 2518 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 24301083 | 68227 | SH |  | SOLE |  | 0 | 0 | 68227 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 758328 | 3251 | SH |  | SOLE |  | 0 | 0 | 3251 |
| GARMIN LTD | SHS | H2906T109 | BBG001SG0H12 | 686750 | 2960 | SH |  | SOLE |  | 0 | 0 | 2960 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 70374960 | 248000 | SH |  | SOLE |  | 0 | 0 | 248000 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 54119801 | 62000 | SH |  | SOLE |  | 0 | 0 | 62000 |
| GENERAL DYNAMICS CORP | COM | 369550108 | BBG001S5RHP1 | 20249980 | 59000 | SH |  | SOLE |  | 0 | 0 | 59000 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 | BBG01J6K2RX8 | 53980080 | 762000 | SH |  | SOLE |  | 0 | 0 | 762000 |
| GODADDY INC | CL A | 380237107 | BBG006MDLXZ9 | 2981411 | 36064 | SH |  | SOLE |  | 0 | 0 | 36064 |
| GRACO INC | COM | 384109104 | BBG001S5RK56 | 1574314 | 18598 | SH |  | SOLE |  | 0 | 0 | 18598 |
| GRUPO CIBEST SA | SPON ADS | 40090E106 | BBG01TW82PB2 | 1032227 | 14177 | SH |  | SOLE |  | 0 | 0 | 14177 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG001SJB7J7 | 404773 | 16269 | SH |  | SOLE |  | 0 | 0 | 16269 |
| HENRY JACK  ASSOC INC | COM | 426281101 | BBG001S5SHB5 | 1556134 | 9846 | SH |  | SOLE |  | 0 | 0 | 9846 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 39961223 | 121503 | SH |  | SOLE |  | 0 | 0 | 121503 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 32582483 | 144151 | SH |  | SOLE |  | 0 | 0 | 144151 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG001SFVN99 | 1143790 | 7964 | SH |  | SOLE |  | 0 | 0 | 7964 |
| HSBC HLDGS PLC | SPON ADR NEW | 404280406 | BBG001SCZVC0 | 1062471 | 12880 | SH |  | SOLE |  | 0 | 0 | 12880 |
| HUNT J B TRANS SVCS INC | COM | 445658107 | BBG001S5SFY4 | 1978583 | 9337 | SH |  | SOLE |  | 0 | 0 | 9337 |
| ICICI BANK LIMITED | ADR | 45104G104 | BBG001SCD3Z1 | 632141 | 24407 | SH |  | SOLE |  | 0 | 0 | 24407 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 523864 | 4734 | SH |  | SOLE |  | 0 | 0 | 4734 |
| IDEX CORP | COM | 45167R104 | BBG001S67N14 | 2184331 | 11524 | SH |  | SOLE |  | 0 | 0 | 11524 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 | BBG001S7LHJ0 | 1247726 | 18620 | SH |  | SOLE |  | 0 | 0 | 18620 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 | BBG001SJPM63 | 826918 | 6196 | SH |  | SOLE |  | 0 | 0 | 6196 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 | BBG001SDTVQ0 | 7519000 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 | BBG001T8MYT8 | 78810688 | 774400 | SH |  | SOLE |  | 0 | 0 | 774400 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 20262000 | 120000 | SH |  | SOLE |  | 0 | 0 | 120000 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 2109910 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 1810049 | 14221 | SH |  | SOLE |  | 0 | 0 | 14221 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG001SCLGS1 | 3270023 | 10745 | SH |  | SOLE |  | 0 | 0 | 10745 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 99172695 | 337139 | SH |  | SOLE |  | 0 | 0 | 337139 |
| KINSALE CAP GROUP INC | COM | 49714P108 | BBG00D8JDB02 | 1451030 | 4247 | SH |  | SOLE |  | 0 | 0 | 4247 |
| KIRBY CORP | COM | 497266106 | BBG001S5SKT9 | 2234643 | 16817 | SH |  | SOLE |  | 0 | 0 | 16817 |
| LENNOX INTL INC | COM | 526107107 | BBG001S5SST2 | 2396446 | 5163 | SH |  | SOLE |  | 0 | 0 | 5163 |
| LKQ CORP | COM | 501889208 | BBG001SCCPJ1 | 2179342 | 74203 | SH |  | SOLE |  | 0 | 0 | 74203 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 | BBG001S71S35 | 2467379 | 18535 | SH |  | SOLE |  | 0 | 0 | 18535 |
| MARATHON PETE CORP | COM | 56585A102 | BBG001S169P1 | 19189932 | 78589 | SH |  | SOLE |  | 0 | 0 | 78589 |
| MARKEL GROUP INC | COM | 570535104 | BBG001S9ZK95 | 3292200 | 1720 | SH |  | SOLE |  | 0 | 0 | 1720 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 35650630 | 109000 | SH |  | SOLE |  | 0 | 0 | 109000 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 23611737 | 238382 | SH |  | SOLE |  | 0 | 0 | 238382 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 39942548 | 128519 | SH |  | SOLE |  | 0 | 0 | 128519 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 661595 | 5500 | SH |  | SOLE |  | 0 | 0 | 5500 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 66023802 | 115400 | SH |  | SOLE |  | 0 | 0 | 115400 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 69098816 | 186668 | SH |  | SOLE |  | 0 | 0 | 186668 |
| MITSUBISHI UFJ FINANCIAL GRO | SPONSORED ADS | 606822104 | BBG001SFZ3S8 | 824114 | 48563 | SH |  | SOLE |  | 0 | 0 | 48563 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 14392708 | 249700 | SH |  | SOLE |  | 0 | 0 | 249700 |
| MORNINGSTAR INC | COM | 617700109 | BBG001SC6FV6 | 1967441 | 11638 | SH |  | SOLE |  | 0 | 0 | 11638 |
| NORDSON CORP | COM | 655663102 | BBG001S5TKK7 | 2175432 | 8176 | SH |  | SOLE |  | 0 | 0 | 8176 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 1878062 | 12295 | SH |  | SOLE |  | 0 | 0 | 12295 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 | BBG0136WM2Y9 | 738690 | 51405 | SH |  | SOLE |  | 0 | 0 | 51405 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 181061516 | 1038197 | SH |  | SOLE |  | 0 | 0 | 1038197 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG001SF62F6 | 669127 | 3399 | SH |  | SOLE |  | 0 | 0 | 3399 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 44378482 | 301669 | SH |  | SOLE |  | 0 | 0 | 301669 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 38244336 | 238550 | SH |  | SOLE |  | 0 | 0 | 238550 |
| PARSONS CORP DEL | COM | 70202L102 | BBG001SDWJQ3 | 966068 | 17834 | SH |  | SOLE |  | 0 | 0 | 17834 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 20291151 | 130666 | SH |  | SOLE |  | 0 | 0 | 130666 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 | BBG001SF6W88 | 799166 | 38514 | SH |  | SOLE |  | 0 | 0 | 38514 |
| POOL CORP | COM | 73278L105 | BBG001S5VBK4 | 1894618 | 9364 | SH |  | SOLE |  | 0 | 0 | 9364 |
| PROSPERITY BANCSHARES INC | COM | 743606105 | BBG001S7SL77 | 1041693 | 15506 | SH |  | SOLE |  | 0 | 0 | 15506 |
| RELX PLC | SPONSORED ADR | 759530108 | BBG001S898V8 | 883724 | 26658 | SH |  | SOLE |  | 0 | 0 | 26658 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 702287 | 7528 | SH |  | SOLE |  | 0 | 0 | 7528 |
| RPM INTL INC | COM | 749685103 | BBG001S7X317 | 2729624 | 27461 | SH |  | SOLE |  | 0 | 0 | 27461 |
| SAIA INC | COM | 78709Y105 | BBG001SL4QM4 | 1923609 | 5476 | SH |  | SOLE |  | 0 | 0 | 5476 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 40470056 | 216800 | SH |  | SOLE |  | 0 | 0 | 216800 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 883786 | 5162 | SH |  | SOLE |  | 0 | 0 | 5162 |
| SEI INVTS CO | COM | 784117103 | BBG001S5VZJ3 | 3382172 | 43101 | SH |  | SOLE |  | 0 | 0 | 43101 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 | BBG00B597137 | 272540 | 6675 | SH |  | SOLE |  | 0 | 0 | 6675 |
| SERVICE CORP INTL | COM | 817565104 | BBG001S5WBJ5 | 1710376 | 20729 | SH |  | SOLE |  | 0 | 0 | 20729 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 29479980 | 316989 | SH |  | SOLE |  | 0 | 0 | 316989 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 687640 | 5797 | SH |  | SOLE |  | 0 | 0 | 5797 |
| SIMPSON MFG INC | COM | 829073105 | BBG001SB9QN0 | 1200997 | 6998 | SH |  | SOLE |  | 0 | 0 | 6998 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 | BBG001S7G2C6 | 950640 | 11745 | SH |  | SOLE |  | 0 | 0 | 11745 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 | BBG01X5744Z4 | 2744578 | 36037 | SH |  | SOLE |  | 0 | 0 | 36037 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 | BBG001S5W6H8 | 756689 | 36555 | SH |  | SOLE |  | 0 | 0 | 36555 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG003T4VFD1 | 619230 | 1277 | SH |  | SOLE |  | 0 | 0 | 1277 |
| SPROUTS FMRS MKT INC | COM | 85208M102 | BBG001V0MZS0 | 949239 | 12307 | SH |  | SOLE |  | 0 | 0 | 12307 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 17949627 | 200353 | SH |  | SOLE |  | 0 | 0 | 200353 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 | BBG001S72SM3 | 22199356 | 34135 | SH |  | SOLE |  | 0 | 0 | 34135 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 46287838 | 75050 | SH |  | SOLE |  | 0 | 0 | 75050 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 3603636 | 10663 | SH |  | SOLE |  | 0 | 0 | 10663 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 40604836 | 82609 | SH |  | SOLE |  | 0 | 0 | 82609 |
| TOPBUILD COR | COM | 89055F103 | BBG0077VS2G6 | 1037038 | 2952 | SH |  | SOLE |  | 0 | 0 | 2952 |
| TOYOTA MOTOR CORP | ADS | 892331307 | BBG001SDB327 | 855480 | 4151 | SH |  | SOLE |  | 0 | 0 | 4151 |
| TRANSUNION | COM | 89400J107 | BBG002Q7J607 | 2902313 | 41947 | SH |  | SOLE |  | 0 | 0 | 41947 |
| TRIMBLE INC | COM | 896239100 | BBG001S5SZP0 | 3896645 | 59737 | SH |  | SOLE |  | 0 | 0 | 59737 |
| TYLER TECHNOLOGIES INC | COM | 902252105 | BBG001S5WZB0 | 2284702 | 6673 | SH |  | SOLE |  | 0 | 0 | 6673 |
| UBS GROUP AG | SHS | H42097107 | BBG007936GX0 | 1008592 | 25815 | SH |  | SOLE |  | 0 | 0 | 25815 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 1608379 | 3077 | SH |  | SOLE |  | 0 | 0 | 3077 |
| UNILEVER PLC | SPON ADR NEW | 904767803 | BBG001S5X1K4 | 400556 | 7031 | SH |  | SOLE |  | 0 | 0 | 7031 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 41068980 | 169273 | SH |  | SOLE |  | 0 | 0 | 169273 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 603315 | 3075 | SH |  | SOLE |  | 0 | 0 | 3075 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 44780102 | 596273 | SH |  | SOLE |  | 0 | 0 | 596273 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 8107500 | 150000 | SH |  | SOLE |  | 0 | 0 | 150000 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 | BBG001TCH7W0 | 58303949 | 582050 | SH |  | SOLE |  | 0 | 0 | 582050 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 2510000 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 27908348 | 111375 | SH |  | SOLE |  | 0 | 0 | 111375 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 20995706 | 69467 | SH |  | SOLE |  | 0 | 0 | 69467 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 75718217 | 609255 | SH |  | SOLE |  | 0 | 0 | 609255 |
| WEX INC | COM | 96208T104 | BBG001SCJLG6 | 2388801 | 15609 | SH |  | SOLE |  | 0 | 0 | 15609 |

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