# EDGAR Filing Document

**Accession Number:** 0001600152
**File Stem:** 0001600152-23-000001
**Filing Date:** 2023-2
**Character Count:** 21790
**Document Hash:** 7a7bf6f42b99cdf5fc36f48d3e2972af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001600152-23-000001.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001600152-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bellecapital International Ltd.
- **CENTRAL INDEX KEY:** 0001600152
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15955
- **FILM NUMBER:** 23608716

**BUSINESS ADDRESS:**
- **STREET 1:** LIMMATQUAI 1
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001
- **BUSINESS PHONE:** 0041442681170

**MAIL ADDRESS:**
- **STREET 1:** LIMMATQUAI 1
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Bellecapital International Ltd.<br>**Address:** LIMMATQUAI 1<br>ZURICH, V8 8001

**Form 13F File Number:** 028-15955

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:** Thao Huynh<br>**Title:** Portfolio Administrator<br>**Phone:** 0041 44 268 11 77

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

Thao Huynh  Zurich, V8  02-10-2023<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:** 189

**Form 13F Information Table Value Total:** $355956141

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 10473621 | 64808 | SH |  | SOLE |  | 0 | 0 | 64808 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 6637965 | 29506 | SH |  | SOLE |  | 0 | 0 | 29506 |
| AMAZON COM INC | COM | 023135106 |  | 6052956 | 72059 | SH |  | SOLE |  | 0 | 0 | 72059 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 11287889 | 33542 | SH |  | SOLE |  | 0 | 0 | 33542 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 10517304 | 23039 | SH |  | SOLE |  | 0 | 0 | 23039 |
| APPLE INC | COM | 037833100 |  | 14775770 | 113721 | SH |  | SOLE |  | 0 | 0 | 113721 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 3592454 | 15040 | SH |  | SOLE |  | 0 | 0 | 15040 |
| FASTENAL CO | COM | 311900104 |  | 6261524 | 132323 | SH |  | SOLE |  | 0 | 0 | 132323 |
| FISERV INC | COM | 337738108 |  | 7074294 | 69994 | SH |  | SOLE |  | 0 | 0 | 69994 |
| MICROSOFT CORP | COM | 594918104 |  | 16443978 | 68568 | SH |  | SOLE |  | 0 | 0 | 68568 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 7255632 | 47873 | SH |  | SOLE |  | 0 | 0 | 47873 |
| STARBUCKS CORP | COM | 855244109 |  | 2911818 | 29353 | SH |  | SOLE |  | 0 | 0 | 29353 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 3462188 | 6287 | SH |  | SOLE |  | 0 | 0 | 6287 |
| WAL-MART STORES INC | COM | 931142103 |  | 14279529 | 100709 | SH |  | SOLE |  | 0 | 0 | 100709 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 HY | 46138J858 |  | 2148692 | 92179 | SH |  | SOLE |  | 0 | 0 | 92179 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2024 HY | 46138J833 |  | 881991 | 39873 | SH |  | SOLE |  | 0 | 0 | 39873 |
| S GLOBAL INC | COM | 78409V104 |  | 9006537 | 26890 | SH |  | SOLE |  | 0 | 0 | 26890 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 5233218 | 51011 | SH |  | SOLE |  | 0 | 0 | 51011 |
| ISHARES TR | SH TR CRPORT ETF | 464288646 |  | 4014894 | 80588 | SH |  | SOLE |  | 0 | 0 | 80588 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 282824 | 2573 | SH |  | SOLE |  | 0 | 0 | 2573 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 9038646 | 101262 | SH |  | SOLE |  | 0 | 0 | 101262 |
| SPDR GOLD TRUST | GOLD SHS | 78463V107 |  | 5396757 | 31813 | SH |  | SOLE |  | 0 | 0 | 31813 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADR | 98980A105 |  | 1980158 | 73694 | SH |  | SOLE |  | 0 | 0 | 73694 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1417368 | 16090 | SH |  | SOLE |  | 0 | 0 | 16090 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 1647023 | 58343 | SH |  | SOLE |  | 0 | 0 | 58343 |
| ISHARES TR | IBONDS DEC23 ETF | 46434VAX8 |  | 2129753 | 85088 | SH |  | SOLE |  | 0 | 0 | 85088 |
| ISHARES TR | IBONDS DEC24 ETF | 46434VBG4 |  | 1118070 | 45785 | SH |  | SOLE |  | 0 | 0 | 45785 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11674505 | 132319 | SH |  | SOLE |  | 0 | 0 | 132319 |
| ONEOK INC NEW | COM | 682680103 |  | 1216501 | 18516 | SH |  | SOLE |  | 0 | 0 | 18516 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 4875950 | 75281 | SH |  | SOLE |  | 0 | 0 | 75281 |
| ORACLE COPR | COM | 68389X105 |  | 264347 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 874209 | 5982 | SH |  | SOLE |  | 0 | 0 | 5982 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 7269202 | 8590 | SH |  | SOLE |  | 0 | 0 | 8590 |
| Visa INC | COM CL A | 92826C839 |  | 402431 | 1937 | SH |  | SOLE |  | 0 | 0 | 1937 |
| CHURCH  DWIGHT INC | COM | 171340102 |  | 2699629 | 33490 | SH |  | SOLE |  | 0 | 0 | 33490 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 913837 | 104558 | SH |  | SOLE |  | 0 | 0 | 104558 |
| MERCK  CO INC | COM | 58933Y105 |  | 387216 | 3490 | SH |  | SOLE |  | 0 | 0 | 3490 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1239159 | 14434 | SH |  | SOLE |  | 0 | 0 | 14434 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1278436 | 9074 | SH |  | SOLE |  | 0 | 0 | 9074 |
| MCDONALDS CORP | COM | 580135101 |  | 852256 | 3234 | SH |  | SOLE |  | 0 | 0 | 3234 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1403342 | 13626 | SH |  | SOLE |  | 0 | 0 | 13626 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 619211 | 9141 | SH |  | SOLE |  | 0 | 0 | 9141 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1335161 | 18747 | SH |  | SOLE |  | 0 | 0 | 18747 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 504530 | 4411 | SH |  | SOLE |  | 0 | 0 | 4411 |
| MASTEC INC | COM | 576323109 |  | 4778309 | 55998 | SH |  | SOLE |  | 0 | 0 | 55998 |
| INTEL CORP | COM | 458140100 |  | 1553608 | 58782 | SH |  | SOLE |  | 0 | 0 | 58782 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 5134596 | 23564 | SH |  | SOLE |  | 0 | 0 | 23564 |
| 3M CO | COM | 88579Y101 |  | 1227261 | 10234 | SH |  | SOLE |  | 0 | 0 | 10234 |
| NETFLIX INC | COM | 64110L106 |  | 2149970 | 7291 | SH |  | SOLE |  | 0 | 0 | 7291 |
| JD COM INC | SPON ADR CL A | 47215P106 |  | 658293 | 11728 | SH |  | SOLE |  | 0 | 0 | 11728 |
| FACEBOOK INC | CL A | 30303M102 |  | 1578740 | 13119 | SH |  | SOLE |  | 0 | 0 | 13119 |
| ZOETIS INC | CL a | 98978V103 |  | 4377009 | 29867 | SH |  | SOLE |  | 0 | 0 | 29867 |
| PFIZER INC | COM | 717081103 |  | 902798 | 17619 | SH |  | SOLE |  | 0 | 0 | 17619 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 973856 | 11649 | SH |  | SOLE |  | 0 | 0 | 11649 |
| MODERNA INC | COM | 60770K107 |  | 276615 | 1540 | SH |  | SOLE |  | 0 | 0 | 1540 |
| COPART INC | COM | 217204106 |  | 3089559 | 50740 | SH |  | SOLE |  | 0 | 0 | 50740 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 8778369 | 12167 | SH |  | SOLE |  | 0 | 0 | 12167 |
| FORD MTR CO DEL | COM | 345370860 |  | 865412 | 74412 | SH |  | SOLE |  | 0 | 0 | 74412 |
| SHOPIFY INC | CL A | 82509L107 |  | 1313253 | 37835 | SH |  | SOLE |  | 0 | 0 | 37835 |
| AMGEN INC | COM | 031162100 |  | 798163 | 3039 | SH |  | SOLE |  | 0 | 0 | 3039 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 583239 | 2198 | SH |  | SOLE |  | 0 | 0 | 2198 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 473548 | 6093 | SH |  | SOLE |  | 0 | 0 | 6093 |
| HEALTH CATALYST INC | COM | 42225T107 |  | 209964 | 19752 | SH |  | SOLE |  | 0 | 0 | 19752 |
| AT INC | COM | 00206R102 |  | 384198 | 20869 | SH |  | SOLE |  | 0 | 0 | 20869 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 422797 | 11863 | SH |  | SOLE |  | 0 | 0 | 11863 |
| ISHARES INC | EM MKTS DIV ETF | 464286319 |  | 395182 | 16384 | SH |  | SOLE |  | 0 | 0 | 16384 |
| ISHARES TR | IBONDS 23 TRM HG | 46435U150 |  | 609375 | 25964 | SH |  | SOLE |  | 0 | 0 | 25964 |
| SPDR SER TR | PRTFLO S HI | 78468R788 |  | 809648 | 20456 | SH |  | SOLE |  | 0 | 0 | 20456 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 845449 | 6023 | SH |  | SOLE |  | 0 | 0 | 6023 |
| VANGUARD WHITEHALL FDS INC | HIGH DIV YLD | 921946406 |  | 867303 | 8015 | SH |  | SOLE |  | 0 | 0 | 8015 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6158571 | 11616 | SH |  | SOLE |  | 0 | 0 | 11616 |
| BOEING CO | COM | 097023105 |  | 558707 | 2933 | SH |  | SOLE |  | 0 | 0 | 2933 |
| BOOKING HLDGS INC | COM | 09857L108 |  | 259971 | 129 | SH |  | SOLE |  | 0 | 0 | 129 |
| COCA COLA CO | COM | 191216100 |  | 9538447 | 149952 | SH |  | SOLE |  | 0 | 0 | 149952 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1160890 | 11011 | SH |  | SOLE |  | 0 | 0 | 11011 |
| BHP BILLITON LTD | SPONSORED ADR | 088606108 |  | 502605 | 8100 | SH |  | SOLE |  | 0 | 0 | 8100 |
| BERKSHIRE HATHAWAY INC | CL B | 084670702 |  | 4288150 | 13882 | SH |  | SOLE |  | 0 | 0 | 13882 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 303073 | 4291 | SH |  | SOLE |  | 0 | 0 | 4291 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1541095 | 8724 | SH |  | SOLE |  | 0 | 0 | 8724 |
| NIO INC | SPON ADS | 62914V106 |  | 124342 | 12753 | SH |  | SOLE |  | 0 | 0 | 12753 |
| PINTEREST INC | CL A | 72352L106 |  | 248336 | 10228 | SH |  | SOLE |  | 0 | 0 | 10228 |
| TARGET CORP | COM | 87612E106 |  | 229224 | 1538 | SH |  | SOLE |  | 0 | 0 | 1538 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1174611 | 14471 | SH |  | SOLE |  | 0 | 0 | 14471 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 417740 | 3636 | SH |  | SOLE |  | 0 | 0 | 3636 |
| ISHARES TR | BARCLAYS 7 10 YR | 464287440 |  | 475452 | 4964 | SH |  | SOLE |  | 0 | 0 | 4964 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 901227 | 8467 | SH |  | SOLE |  | 0 | 0 | 8467 |
| KRANESHARES TR | QUADRTC INT RT | 500767736 |  | 744615 | 32933 | SH |  | SOLE |  | 0 | 0 | 32933 |
| SPDR SERIES TRUST | BARC SHT TR CP | 78464A474 |  | 501076 | 17055 | SH |  | SOLE |  | 0 | 0 | 17055 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 252963 | 4375 | SH |  | SOLE |  | 0 | 0 | 4375 |
| ABM INDS INC | COM | 000957100 |  | 706234 | 15899 | SH |  | SOLE |  | 0 | 0 | 15899 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 389853 | 1461 | SH |  | SOLE |  | 0 | 0 | 1461 |
| ADVANSIX INC | COM | 00773T101 |  | 335907 | 8835 | SH |  | SOLE |  | 0 | 0 | 8835 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5432583 | 61226 | SH |  | SOLE |  | 0 | 0 | 61226 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 736052 | 7752 | SH |  | SOLE |  | 0 | 0 | 7752 |
| AMER STATES WTR CO | COM | 029899101 |  | 345952 | 3738 | SH |  | SOLE |  | 0 | 0 | 3738 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 493153 | 2976 | SH |  | SOLE |  | 0 | 0 | 2976 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1472682 | 9662 | SH |  | SOLE |  | 0 | 0 | 9662 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 254300 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 4687110 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 595369 | 8670 | SH |  | SOLE |  | 0 | 0 | 8670 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 334560 | 3654 | SH |  | SOLE |  | 0 | 0 | 3654 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 306546 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| CISCO SYS INC | COM | 17275R102 |  | 446053 | 9363 | SH |  | SOLE |  | 0 | 0 | 9363 |
| DOLE PLC | ORD SHS | G27907107 |  | 1100100 | 114000 | SH |  | SOLE |  | 0 | 0 | 114000 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 493545 | 6615 | SH |  | SOLE |  | 0 | 0 | 6615 |
| LILLY ELI  CO | COM | 532457108 |  | 1814201 | 4959 | SH |  | SOLE |  | 0 | 0 | 4959 |
| EQUINIX INC | COM | 29444U700 |  | 684506 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 496240 | 4499 | SH |  | SOLE |  | 0 | 0 | 4499 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 1007563 | 21682 | SH |  | SOLE |  | 0 | 0 | 21682 |
| GARMIN LTD | SHS | H2906T109 |  | 1962178 | 21261 | SH |  | SOLE |  | 0 | 0 | 21261 |
| HERSHEY CO | COM | 427866108 |  | 1261130 | 5446 | SH |  | SOLE |  | 0 | 0 | 5446 |
| HOME DEPOT | INC COM | 437076102 |  | 345551 | 1094 | SH |  | SOLE |  | 0 | 0 | 1094 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 301429 | 1132 | SH |  | SOLE |  | 0 | 0 | 1132 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 505691 | 7704 | SH |  | SOLE |  | 0 | 0 | 7704 |
| ISHARES TR | CORE S ETF | 464287200 |  | 908272 | 2364 | SH |  | SOLE |  | 0 | 0 | 2364 |
| ISHARES TR | S 100 ETF | 464287101 |  | 515463 | 3022 | SH |  | SOLE |  | 0 | 0 | 3022 |
| LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 |  | 1023135 | 17115 | SH |  | SOLE |  | 0 | 0 | 17115 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 449844 | 5427 | SH |  | SOLE |  | 0 | 0 | 5427 |
| NIKE INC | CL B | 654106103 |  | 220564 | 1885 | SH |  | SOLE |  | 0 | 0 | 1885 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 815141 | 1494 | SH |  | SOLE |  | 0 | 0 | 1494 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 205485 | 2624 | SH |  | SOLE |  | 0 | 0 | 2624 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 555947 | 5493 | SH |  | SOLE |  | 0 | 0 | 5493 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 476814 | 3676 | SH |  | SOLE |  | 0 | 0 | 3676 |
| ROBLOX CORP | CL A | 771049103 |  | 234226 | 8230 | SH |  | SOLE |  | 0 | 0 | 8230 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 207307 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 414883 | 3334 | SH |  | SOLE |  | 0 | 0 | 3334 |
| SEMPRA ENERGY | COM | 816851109 |  | 336588 | 2178 | SH |  | SOLE |  | 0 | 0 | 2178 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 229878 | 5940 | SH |  | SOLE |  | 0 | 0 | 5940 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1425126 | 18051 | SH |  | SOLE |  | 0 | 0 | 18051 |
| STAAR SURGICAL CO | COM PAR $0.01 | 852312305 |  | 397397 | 8187 | SH |  | SOLE |  | 0 | 0 | 8187 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 477497 | 15733 | SH |  | SOLE |  | 0 | 0 | 15733 |
| TERADYNE INC | COM | 880770102 |  | 450988 | 5163 | SH |  | SOLE |  | 0 | 0 | 5163 |
| TESLA MTRS INC | COM | 88160R101 |  | 873469 | 7091 | SH |  | SOLE |  | 0 | 0 | 7091 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 748001 | 4450 | SH |  | SOLE |  | 0 | 0 | 4450 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 236400 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 251083 | 2890 | SH |  | SOLE |  | 0 | 0 | 2890 |
| WAYFAIR INC | NOTE 0.625%10/0 ADDED | 94419LAM3 |  | 175092 | 270000 | PRN |  | SOLE |  | 0 | 0 | 270000 |
| FASTLY INC | NOTE 3/1 ADDED | 31188VAB6 |  | 579706 | 795000 | PRN |  | SOLE |  | 0 | 0 | 795000 |
| RINGCENTRAL INC | NOTE 3/1 ADDED | 76680RAH0 |  | 327367 | 416000 | PRN |  | SOLE |  | 0 | 0 | 416000 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 |  | 160115 | 207000 | PRN |  | SOLE |  | 0 | 0 | 207000 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 490456 | 2315 | SH |  | SOLE |  | 0 | 0 | 2315 |
| COOPER COS INC | COM | 216648402 |  | 4016979 | 12148 | SH |  | SOLE |  | 0 | 0 | 12148 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 450884 | 1831 | SH |  | SOLE |  | 0 | 0 | 1831 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 166599 | 25950 | SH |  | SOLE |  | 0 | 0 | 25950 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 2733896 | 60538 | SH |  | SOLE |  | 0 | 0 | 60538 |
| SALESFORCE COM INC | COM | 79466L302 |  | 405725 | 3060 | SH |  | SOLE |  | 0 | 0 | 3060 |
| SEA LTD | SPONSORED ADS | 81141R100 |  | 269047 | 5171 | SH |  | SOLE |  | 0 | 0 | 5171 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 280265 | 11333 | SH |  | SOLE |  | 0 | 0 | 11333 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 311322 | 4671 | SH |  | SOLE |  | 0 | 0 | 4671 |
| NEWMONT MINING CORP | COM | 651639106 |  | 424800 | 9000 | SH |  | SOLE |  | 0 | 0 | 9000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9298021 | 24313 | SH |  | SOLE |  | 0 | 0 | 24313 |
| BIRD GLOBAL INC | COM CL A | 09077J107 |  | 6747 | 37442 | SH |  | SOLE |  | 0 | 0 | 37442 |
| BLACKLINE INC | NOTE 3/1 ADDED | 09239BAD1 |  | 4458688 | 5200000 | PRN |  | SOLE |  | 0 | 0 | 5200000 |
| PINDUODUO INC | NOTE 12/0 | 722304AC6 |  | 1983563 | 2130000 | PRN |  | SOLE |  | 0 | 0 | 2130000 |
| WIX COM LTD | NOTE 8/1 ADDED | 92940WAD1 |  | 3260911 | 3852000 | PRN |  | SOLE |  | 0 | 0 | 3852000 |
| SPLUNK INC | NOTE 1.125% 6/1 | 848637AF1 |  | 291368 | 343000 | PRN |  | SOLE |  | 0 | 0 | 343000 |
| ISHARES TR | U.S. PFD STK ETF | 464288687 |  | 1029197 | 33711 | SH |  | SOLE |  | 0 | 0 | 33711 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 335120 | 2840 | SH |  | SOLE |  | 0 | 0 | 2840 |
| NOMAD FOODS LTD | USD ORD SHS | G6564A105 |  | 321440 | 18645 | SH |  | SOLE |  | 0 | 0 | 18645 |
| ALTERYX INC | NOTE 0.500% 8/0 | 02156BAD5 |  | 243344 | 265000 | PRN |  | SOLE |  | 0 | 0 | 265000 |
| NIO INC | NOTE 0.500% 2/0 ADDED | 62914VAF3 |  | 335208 | 442000 | PRN |  | SOLE |  | 0 | 0 | 442000 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 343419 | 3340 | SH |  | SOLE |  | 0 | 0 | 3340 |
| ABBOTT LABS | COM | 002824100 |  | 336067 | 3061 | SH |  | SOLE |  | 0 | 0 | 3061 |
| APPLIED MATLS INC | COM | 038222105 |  | 522736 | 5368 | SH |  | SOLE |  | 0 | 0 | 5368 |
| ARCBEST CORP | COM | 03937C105 |  | 280230 | 4001 | SH |  | SOLE |  | 0 | 0 | 4001 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 316481 | 2608 | SH |  | SOLE |  | 0 | 0 | 2608 |
| ARTESIAN RES CORP | CL A | 043113208 |  | 366066 | 6249 | SH |  | SOLE |  | 0 | 0 | 6249 |
| ASSURANT INC | COM | 04621X108 |  | 223732 | 1789 | SH |  | SOLE |  | 0 | 0 | 1789 |
| BANK FIRST CORP | COM | 06211J100 |  | 351788 | 3790 | SH |  | SOLE |  | 0 | 0 | 3790 |
| CIGNA CORP NEW | COM | 125523100 |  | 337635 | 1019 | SH |  | SOLE |  | 0 | 0 | 1019 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 325768 | 1313 | SH |  | SOLE |  | 0 | 0 | 1313 |
| GENUINE PARTS CO | COM | 372460105 |  | 353093 | 2035 | SH |  | SOLE |  | 0 | 0 | 2035 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 298951 | 13436 | SH |  | SOLE |  | 0 | 0 | 13436 |
| HANMI FINL CORP | COM NEW | 410495204 |  | 338085 | 13660 | SH |  | SOLE |  | 0 | 0 | 13660 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 241635 | 1780 | SH |  | SOLE |  | 0 | 0 | 1780 |
| LTC PPTYS INC | COM | 502175102 |  | 263064 | 7404 | SH |  | SOLE |  | 0 | 0 | 7404 |
| LUTHER BURBANK CORP | COM | 550550107 |  | 239787 | 21583 | SH |  | SOLE |  | 0 | 0 | 21583 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 298160 | 5910 | SH |  | SOLE |  | 0 | 0 | 5910 |
| RELIANCE STEEL  ALUMINUM CO | COM | 759509102 |  | 290299 | 1434 | SH |  | SOLE |  | 0 | 0 | 1434 |
| SPS COMMERCE INC | COM | 78463M107 |  | 209084 | 1628 | SH |  | SOLE |  | 0 | 0 | 1628 |
| SANMINA CORPORATION | COM | 801056102 |  | 401889 | 7015 | SH |  | SOLE |  | 0 | 0 | 7015 |
| SERVICE CORP INTL | COM | 817565104 |  | 279256 | 4039 | SH |  | SOLE |  | 0 | 0 | 4039 |
| TRUSTMARK CORP | COM | 898402102 |  | 301099 | 8625 | SH |  | SOLE |  | 0 | 0 | 8625 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 253985 | 1050 | SH |  | SOLE |  | 0 | 0 | 1050 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 253465 | 3371 | SH |  | SOLE |  | 0 | 0 | 3371 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 284128 | 520 | SH |  | SOLE |  | 0 | 0 | 520 |
| ISHARES INC | MSCI EM ASIA ETF | 464286426 |  | 781685 | 12345 | SH |  | SOLE |  | 0 | 0 | 12345 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 381900 | 10050 | SH |  | SOLE |  | 0 | 0 | 10050 |
| CALAMOS CONV OPP AND INC FD | SH BEN INT | 128117108 |  | 194414 | 18498 | SH |  | SOLE |  | 0 | 0 | 18498 |

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