# EDGAR Filing Document

**Accession Number:** 0001968437
**File Stem:** 0000902664-26-001029
**Filing Date:** 2026-2
**Character Count:** 24207
**Document Hash:** 93c88b80fcdf91a344cfba914c5eb1b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-26-001029.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000902664-26-001029

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Perbak Capital Partners LLP
- **CENTRAL INDEX KEY:** 0001968437

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23913
- **FILM NUMBER:** 26637470

**BUSINESS ADDRESS:**
- **STREET 1:** 2 PORTMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 6DU
- **BUSINESS PHONE:** 00442039780002

**MAIL ADDRESS:**
- **STREET 1:** 2 PORTMAN STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1H 6DU

### 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:** Perbak Capital Partners LLP<br>**Address:** 2 PORTMAN STREET<br>LONDON, X0 W1H 6DU

**Form 13F File Number:** 028-23913

**CRD Number (if applicable):** 000326702

**SEC File Number (if applicable):** 802-128060

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:** Steven J Chapman<br>**Title:** CEO<br>**Phone:** 44-203978-0002

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

/s/ Steven J Chapman  London, X0  02-17-2026<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:** 219

**Form 13F Information Table Value Total:** $327731376

      (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 |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 182134 | 11167 | SH |  | SOLE |  | 11167 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 241434 | 1927 | SH |  | SOLE |  | 1927 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 307474 | 854 | SH |  | SOLE |  | 854 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 234493 | 670 | SH |  | SOLE |  | 670 | 0 | 0 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 267987 | 2590 | SH |  | SOLE |  | 2590 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 289973 | 1354 | SH |  | SOLE |  | 1354 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 426839 | 3145 | SH |  | SOLE |  | 3145 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 428659 | 4913 | SH |  | SOLE |  | 4913 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 248646 | 3155 | SH |  | SOLE |  | 3155 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 352274 | 2256 | SH |  | SOLE |  | 2256 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 259847 | 1632 | SH |  | SOLE |  | 1632 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 219390 | 1054 | SH |  | SOLE |  | 1054 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 243052 | 3431 | SH |  | SOLE |  | 3431 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 426032 | 3117 | SH |  | SOLE |  | 3117 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 399137 | 814 | SH |  | SOLE |  | 814 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1108123 | 4086 | SH |  | SOLE |  | 4086 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 256651 | 10217 | SH |  | SOLE |  | 10217 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 435482 | 1696 | SH |  | SOLE |  | 1696 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 415756 | 5464 | SH |  | SOLE |  | 5464 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 363090 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 223996 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 254332 | 2830 | SH |  | SOLE |  | 2830 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 325083 | 84657 | SH |  | SOLE |  | 84657 | 0 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 219533 | 1202 | SH |  | SOLE |  | 1202 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 |  | 270680 | 1765 | SH |  | SOLE |  | 1765 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 281634 | 2426 | SH |  | SOLE |  | 2426 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 250118 | 3567 | SH |  | SOLE |  | 3567 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 378071 | 6932 | SH |  | SOLE |  | 6932 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 3369552 | 11121 | SH |  | SOLE |  | 11121 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 367127 | 343 | SH |  | SOLE |  | 343 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 453942 | 2945 | SH |  | SOLE |  | 2945 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 221668 | 1136 | SH |  | SOLE |  | 1136 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 443584 | 5975 | SH |  | SOLE |  | 5975 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 750910 | 4671 | SH |  | SOLE |  | 4671 | 0 | 0 |
| CARIS LIFE SCIENCES INC | COM | 142152107 |  | 211820 | 7851 | SH |  | SOLE |  | 7851 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 439808 | 1375 | SH |  | SOLE |  | 1375 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 282753 | 670 | SH |  | SOLE |  | 670 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 407294 | 51232 | SH |  | SOLE |  | 51232 | 0 | 0 |
| CHEESECAKE FACTORY INC | COM | 163072101 |  | 441549 | 8747 | SH |  | SOLE |  | 8747 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 224046 | 6779 | SH |  | SOLE |  | 6779 | 0 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 327185 | 12999 | SH |  | SOLE |  | 12999 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 254066 | 814 | SH |  | SOLE |  | 814 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 359547 | 5143 | SH |  | SOLE |  | 5143 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 228526 | 2892 | SH |  | SOLE |  | 2892 | 0 | 0 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 439012 | 7969 | SH |  | SOLE |  | 7969 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 303922 | 10168 | SH |  | SOLE |  | 10168 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 461796 | 26678 | SH |  | SOLE |  | 26678 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 476569 | 5091 | SH |  | SOLE |  | 5091 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 295138 | 3601 | SH |  | SOLE |  | 3601 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 391455 | 5840 | SH |  | SOLE |  | 5840 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 434698 | 5083 | SH |  | SOLE |  | 5083 | 0 | 0 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 411236 | 1401 | SH |  | SOLE |  | 1401 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 373139 | 731 | SH |  | SOLE |  | 731 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 206726 | 375 | SH |  | SOLE |  | 375 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 3831205 | 16736 | SH |  | SOLE |  | 16736 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 208208 | 12611 | SH |  | SOLE |  | 12611 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 391611 | 32073 | SH |  | SOLE |  | 32073 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 377143 | 622 | SH |  | SOLE |  | 622 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 243843 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 391700 | 4418 | SH |  | SOLE |  | 4418 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 437728 | 2242 | SH |  | SOLE |  | 2242 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 234728 | 5301 | SH |  | SOLE |  | 5301 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 3005326 | 87212 | SH |  | SOLE |  | 87212 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 334184 | 12021 | SH |  | SOLE |  | 12021 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 300038 | 2507 | SH |  | SOLE |  | 2507 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 307125 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 408193 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 468385 | 7338 | SH |  | SOLE |  | 7338 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 1318950 | 4141 | SH |  | SOLE |  | 4141 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 238567 | 2739 | SH |  | SOLE |  | 2739 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 383502 | 1094 | SH |  | SOLE |  | 1094 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 216574 | 354 | SH |  | SOLE |  | 354 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 472755 | 4502 | SH |  | SOLE |  | 4502 | 0 | 0 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 444733 | 6841 | SH |  | SOLE |  | 6841 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 448136 | 5888 | SH |  | SOLE |  | 5888 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 387859 | 9139 | SH |  | SOLE |  | 9139 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 732980 | 4919 | SH |  | SOLE |  | 4919 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 416008 | 3831 | SH |  | SOLE |  | 3831 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 713484 | 2470 | SH |  | SOLE |  | 2470 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 255579 | 1148 | SH |  | SOLE |  | 1148 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 465646 | 1260 | SH |  | SOLE |  | 1260 | 0 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 312824 | 8371 | SH |  | SOLE |  | 8371 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 365076 | 17611 | SH |  | SOLE |  | 17611 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 249096 | 3409 | SH |  | SOLE |  | 3409 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 318218 | 25977 | SH |  | SOLE |  | 25977 | 0 | 0 |
| FUBOTV INC | CLASS A COM SHS | 35953D104 |  | 58421 | 23183 | SH |  | SOLE |  | 23183 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 456375 | 1809 | SH |  | SOLE |  | 1809 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 321664 | 14982 | SH |  | SOLE |  | 14982 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1262044 | 1931 | SH |  | SOLE |  | 1931 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 285840 | 3515 | SH |  | SOLE |  | 3515 | 0 | 0 |
| GLACIER BANCORP INC NEW | COM | 37637Q105 |  | 237209 | 5385 | SH |  | SOLE |  | 5385 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 379829 | 3364 | SH |  | SOLE |  | 3364 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 414721 | 10550 | SH |  | SOLE |  | 10550 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 263670 | 2125 | SH |  | SOLE |  | 2125 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 294724 | 19076 | SH |  | SOLE |  | 19076 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 238556 | 5177 | SH |  | SOLE |  | 5177 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 310286 | 6680 | SH |  | SOLE |  | 6680 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 354352 | 19986 | SH |  | SOLE |  | 19986 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 |  | 419460 | 41946 | SH |  | SOLE |  | 41946 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 433185 | 2702 | SH |  | SOLE |  | 2702 | 0 | 0 |
| ICU MED INC | COM | 44930G107 |  | 428723 | 3005 | SH |  | SOLE |  | 3005 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 215813 | 319 | SH |  | SOLE |  | 319 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 371420 | 1508 | SH |  | SOLE |  | 1508 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 4135081 | 31527 | SH |  | SOLE |  | 31527 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 235074 | 2132 | SH |  | SOLE |  | 2132 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 430334 | 11114 | SH |  | SOLE |  | 11114 | 0 | 0 |
| INTERPARFUMS INC | COM | 458334109 |  | 229804 | 2709 | SH |  | SOLE |  | 2709 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 62131145 | 324343 | SH |  | SOLE |  | 324343 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 8343662 | 27706 | SH |  | SOLE |  | 27706 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 275887 | 2971 | SH |  | SOLE |  | 2971 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 445943 | 16222 | SH |  | SOLE |  | 16222 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 310158 | 793 | SH |  | SOLE |  | 793 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 371417 | 3371 | SH |  | SOLE |  | 3371 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 214951 | 6620 | SH |  | SOLE |  | 6620 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 684345 | 13090 | SH |  | SOLE |  | 13090 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 257940 | 3907 | SH |  | SOLE |  | 3907 | 0 | 0 |
| KYMERA THERAPEUTICS INC | COM | 501575104 |  | 205263 | 2638 | SH |  | SOLE |  | 2638 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 216068 | 736 | SH |  | SOLE |  | 736 | 0 | 0 |
| LANDSTAR SYS INC | COM | 515098101 |  | 690479 | 4805 | SH |  | SOLE |  | 4805 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 460928 | 1081 | SH |  | SOLE |  | 1081 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 3564495 | 25014 | SH |  | SOLE |  | 25014 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 232009 | 2315 | SH |  | SOLE |  | 2315 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 459651 | 1906 | SH |  | SOLE |  | 1906 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 915744 | 10776 | SH |  | SOLE |  | 10776 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 1607451 | 7395 | SH |  | SOLE |  | 7395 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 224638 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 221790 | 336 | SH |  | SOLE |  | 336 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 3615135 | 2593 | SH |  | SOLE |  | 2593 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 440784 | 15085 | SH |  | SOLE |  | 15085 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1013776 | 3552 | SH |  | SOLE |  | 3552 | 0 | 0 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 254881 | 8533 | SH |  | SOLE |  | 8533 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 395050 | 37840 | SH |  | SOLE |  | 37840 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 303826 | 2059 | SH |  | SOLE |  | 2059 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 362653 | 3159 | SH |  | SOLE |  | 3159 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 428942 | 1063 | SH |  | SOLE |  | 1063 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 405764 | 3789 | SH |  | SOLE |  | 3789 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 487382 | 7650 | SH |  | SOLE |  | 7650 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 921420 | 4245 | SH |  | SOLE |  | 4245 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 265290 | 3068 | SH |  | SOLE |  | 3068 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1069376 | 6820 | SH |  | SOLE |  | 6820 | 0 | 0 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 272403 | 8550 | SH |  | SOLE |  | 8550 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 460099 | 2231 | SH |  | SOLE |  | 2231 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 248815 | 2218 | SH |  | SOLE |  | 2218 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 440790 | 2766 | SH |  | SOLE |  | 2766 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 423121 | 4063 | SH |  | SOLE |  | 4063 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 266660 | 1858 | SH |  | SOLE |  | 1858 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 295760 | 2292 | SH |  | SOLE |  | 2292 | 0 | 0 |
| PHINIA INC | COMMON STOCK | 71880K101 |  | 247437 | 3947 | SH |  | SOLE |  | 3947 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 251914 | 6461 | SH |  | SOLE |  | 6461 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 381550 | 2282 | SH |  | SOLE |  | 2282 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 450231 | 2157 | SH |  | SOLE |  | 2157 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 263834 | 1841 | SH |  | SOLE |  | 1841 | 0 | 0 |
| QIAGEN NV | COM SHS | N72482206 |  | 4321347 | 96094 | SH |  | SOLE |  | 96094 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 357634 | 2691 | SH |  | SOLE |  | 2691 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1381824 | 3274 | SH |  | SOLE |  | 3274 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 4330489 | 9657 | SH |  | SOLE |  | 9657 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 242367 | 314 | SH |  | SOLE |  | 314 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 337700 | 1402 | SH |  | SOLE |  | 1402 | 0 | 0 |
| REVOLVE GROUP INC | CL A | 76156B107 |  | 422449 | 13993 | SH |  | SOLE |  | 13993 | 0 | 0 |
| REVVITY INC | COM | 714046109 |  | 433343 | 4479 | SH |  | SOLE |  | 4479 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 259187 | 13150 | SH |  | SOLE |  | 13150 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 233796 | 2155 | SH |  | SOLE |  | 2155 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 404456 | 3889 | SH |  | SOLE |  | 3889 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 692449 | 3618 | SH |  | SOLE |  | 3618 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 229149 | 6464 | SH |  | SOLE |  | 6464 | 0 | 0 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 244696 | 4814 | SH |  | SOLE |  | 4814 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 16128388 | 207626 | SH |  | SOLE |  | 207626 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 37122388 | 239314 | SH |  | SOLE |  | 239314 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 258738 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 424313 | 5442 | SH |  | SOLE |  | 5442 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 228241 | 1233 | SH |  | SOLE |  | 1233 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 439365 | 1275 | SH |  | SOLE |  | 1275 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 267012 | 5767 | SH |  | SOLE |  | 5767 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 428114 | 2984 | SH |  | SOLE |  | 2984 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 46204172 | 67756 | SH |  | SOLE |  | 67756 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A714 |  | 4491627 | 52663 | SH |  | SOLE |  | 52663 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A789 |  | 17594176 | 292505 | SH |  | SOLE |  | 292505 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A888 |  | 4059919 | 39432 | SH |  | SOLE |  | 39432 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 244601 | 2798 | SH |  | SOLE |  | 2798 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 440570 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 220309 | 869 | SH |  | SOLE |  | 869 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 208904 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 230468 | 1013 | SH |  | SOLE |  | 1013 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 441367 | 9905 | SH |  | SOLE |  | 9905 | 0 | 0 |
| TELEFLEX INCORPORATED | COM | 879369106 |  | 312300 | 2559 | SH |  | SOLE |  | 2559 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 355654 | 4080 | SH |  | SOLE |  | 4080 | 0 | 0 |
| TFI INTL INC | COM | 87241L109 |  | 710221 | 6872 | SH |  | SOLE |  | 6872 | 0 | 0 |
| THOR INDS INC | COM | 885160101 |  | 426799 | 4157 | SH |  | SOLE |  | 4157 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 229033 | 1491 | SH |  | SOLE |  | 1491 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 217952 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 305442 | 3562 | SH |  | SOLE |  | 3562 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 426859 | 13564 | SH |  | SOLE |  | 13564 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 458643 | 7824 | SH |  | SOLE |  | 7824 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 250144 | 15262 | SH |  | SOLE |  | 15262 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 689371 | 6950 | SH |  | SOLE |  | 6950 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 |  | 344451 | 9489 | SH |  | SOLE |  | 9489 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 239386 | 1098 | SH |  | SOLE |  | 1098 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 315599 | 7217 | SH |  | SOLE |  | 7217 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 309394 | 4111 | SH |  | SOLE |  | 4111 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 18457368 | 64815 | SH |  | SOLE |  | 64815 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 209231 | 6379 | SH |  | SOLE |  | 6379 | 0 | 0 |
| VAXCYTE INC | COM | 92243G108 |  | 410600 | 8899 | SH |  | SOLE |  | 8899 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 302923 | 1357 | SH |  | SOLE |  | 1357 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 386089 | 1726 | SH |  | SOLE |  | 1726 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1148651 | 7090 | SH |  | SOLE |  | 7090 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 314938 | 898 | SH |  | SOLE |  | 898 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 235877 | 10825 | SH |  | SOLE |  | 10825 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 4464522 | 11754 | SH |  | SOLE |  | 11754 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 442078 | 1312 | SH |  | SOLE |  | 1312 | 0 | 0 |
| WATTS WATER TECHNOLOGIES INC | CL A | 942749102 |  | 411270 | 1490 | SH |  | SOLE |  | 1490 | 0 | 0 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 667843 | 22254 | SH |  | SOLE |  | 22254 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 424508 | 2377 | SH |  | SOLE |  | 2377 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 350629 | 3375 | SH |  | SOLE |  | 3375 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 436359 | 5775 | SH |  | SOLE |  | 5775 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 609420 | 4484 | SH |  | SOLE |  | 4484 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 404538 | 1666 | SH |  | SOLE |  | 1666 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 459941 | 5115 | SH |  | SOLE |  | 5115 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 268448 | 3111 | SH |  | SOLE |  | 3111 | 0 | 0 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 267503 | 5754 | SH |  | SOLE |  | 5754 | 0 | 0 |

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