# EDGAR Filing Document

**Accession Number:** 0001145020
**File Stem:** 0001567619-23-002016
**Filing Date:** 2023-2
**Character Count:** 23130
**Document Hash:** 43c4db45943c57f1984b80b70d114c04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-23-002016.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001567619-23-002016

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001145020
- **IRS NUMBER:** 850301299
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06605
- **FILM NUMBER:** 23596493

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

### 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:** THORNBURG INVESTMENT MANAGEMENT INC<br>**Address:** 2300 NORTH RIDGETOP ROAD<br>SANTA FE, NM 87506-8361

**Form 13F File Number:** 028-06605

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:** STEPHEN VELIE<br>**Title:** Chief Compliance Officer<br>**Phone:** 5054677283

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

Stephen Velie  SANTA FE, NM  02-07-2023<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:** 201

**Form 13F Information Table Value Total:** $5914564

      (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 |
| ASPEN TECHNOLOGY INC | COM | 29109X106 |  | 12437 | 60602 | SH |  | SOLE |  | 60602 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 247487 | 11478973 | SH |  | SOLE |  | 11478973 | 0 | 0 |
| CHIMERA INVT CORP | COM NEW | 16934Q208 |  | 95324 | 17331693 | SH |  | SOLE |  | 17331693 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 174521 | 1079584 | SH |  | SOLE |  | 1079584 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 311133 | 1850221 | SH |  | SOLE |  | 1850221 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 109896 | 2306809 | SH |  | SOLE |  | 2306809 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 135056 | 3455203 | SH |  | SOLE |  | 3455203 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 162568 | 5664401 | SH |  | SOLE |  | 5664401 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 263998 | 1968662 | SH |  | SOLE |  | 1968662 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 173092 | 1560094 | SH |  | SOLE |  | 1560094 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 380349 | 7422886 | SH |  | SOLE |  | 7422886 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 109041 | 1460278 | SH |  | SOLE |  | 1448565 | 0 | 11713 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 164991 | 1987125 | SH |  | SOLE |  | 1987125 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 33491 | 2937783 | SH |  | SOLE |  | 2937783 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 10342 | 1189729 | SH |  | SOLE |  | 1189729 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 98142 | 1314489 | SH |  | SOLE |  | 1312981 | 0 | 1508 |
| CITIGROUP INC | COM NEW | 172967424 |  | 92516 | 2045453 | SH |  | SOLE |  | 2045453 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 72165 | 6776021 | SH |  | SOLE |  | 6776021 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 212965 | 1937100 | SH |  | SOLE |  | 1937100 | 0 | 0 |
| REPAY HLDGS CORP | COM CL A | 76029L100 |  | 11517 | 1430706 | SH |  | SOLE |  | 1430706 | 0 | 0 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 60350 | 4338599 | SH |  | SOLE |  | 4338599 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 12726 | 1503125 | SH |  | SOLE |  | 1503125 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 |  | 41931 | 2355668 | SH |  | SOLE |  | 2355668 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 19211 | 1575497 | SH |  | SOLE |  | 1575497 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 79605 | 4276934 | SH |  | SOLE |  | 4276934 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 75464 | 5316139 | SH |  | SOLE |  | 5316139 | 0 | 0 |
| GRANITE PT MTG TR INC | COM STK | 38741L107 |  | 7598 | 1417500 | SH |  | SOLE |  | 1417500 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 9458 | 766880 | SH |  | SOLE |  | 759178 | 0 | 7702 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 23754 | 627769 | SH |  | SOLE |  | 622336 | 0 | 5433 |
| BROADCOM INC | COM | 11135F101 |  | 372587 | 666370 | SH |  | SOLE |  | 666370 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 161356 | 510847 | SH |  | SOLE |  | 510847 | 0 | 0 |
| ABB LTD | SPONSORED ADR | 000375204 |  | 11011 | 356397 | SH |  | SOLE |  | 352822 | 0 | 3575 |
| AES CORP | COM | 00130H105 |  | 22388 | 780482 | SH |  | SOLE |  | 780482 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 41521 | 542268 | SH |  | SOLE |  | 537633 | 0 | 4635 |
| AGILYSYS INC | COM | 00847J105 |  | 21858 | 276475 | SH |  | SOLE |  | 276475 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 45141 | 507869 | SH |  | SOLE |  | 506662 | 0 | 1207 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 49514 | 561188 | SH |  | SOLE |  | 561188 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 14550 | 116242 | SH |  | SOLE |  | 116242 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 49696 | 730432 | SH |  | SOLE |  | 717583 | 0 | 12849 |
| AVANTOR INC | COM | 05352A100 |  | 20268 | 962571 | SH |  | SOLE |  | 962571 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 14152 | 213624 | SH |  | SOLE |  | 213624 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 20173 | 193090 | SH |  | SOLE |  | 193090 | 0 | 0 |
| AZENTA INC | COM | 114340102 |  | 10854 | 186072 | SH |  | SOLE |  | 186072 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 12071 | 185773 | SH |  | SOLE |  | 185773 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 35467 | 117991 | SH |  | SOLE |  | 117991 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 45033 | 484433 | SH |  | SOLE |  | 484433 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 29394 | 370623 | SH |  | SOLE |  | 370623 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 15289 | 132361 | SH |  | SOLE |  | 132361 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 25784 | 273679 | SH |  | SOLE |  | 273679 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 15126 | 132519 | SH |  | SOLE |  | 132519 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 13242 | 160872 | SH |  | SOLE |  | 160872 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 11536 | 175651 | SH |  | SOLE |  | 175651 | 0 | 0 |
| ENVISTA HOLDINGS CORPORATION | COM | 29415F104 |  | 11094 | 329760 | SH |  | SOLE |  | 329760 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 41251 | 342783 | SH |  | SOLE |  | 342783 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 48250 | 705859 | SH |  | SOLE |  | 700710 | 0 | 5149 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 11257 | 264808 | SH |  | SOLE |  | 264808 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 11451 | 140896 | SH |  | SOLE |  | 140896 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 10511 | 157505 | SH |  | SOLE |  | 157182 | 0 | 323 |
| JD.COM INC | SPON ADR CL A | 47215P106 |  | 12354 | 217541 | SH |  | SOLE |  | 213453 | 0 | 4088 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 11214 | 532981 | SH |  | SOLE |  | 532981 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 21239 | 102009 | SH |  | SOLE |  | 102009 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 12371 | 137622 | SH |  | SOLE |  | 137622 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 13834 | 241688 | SH |  | SOLE |  | 241688 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 20761 | 413697 | SH |  | SOLE |  | 413697 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 34247 | 252931 | SH |  | SOLE |  | 250844 | 0 | 2087 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 37793 | 258501 | SH |  | SOLE |  | 258206 | 0 | 295 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 11863 | 161594 | SH |  | SOLE |  | 161594 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 14123 | 155816 | SH |  | SOLE |  | 155816 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 51714 | 621115 | SH |  | SOLE |  | 621115 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 14506 | 198838 | SH |  | SOLE |  | 198838 | 0 | 0 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 |  | 12367 | 160606 | SH |  | SOLE |  | 159516 | 0 | 1090 |
| TJX COS INC NEW | COM | 872540109 |  | 57689 | 724739 | SH |  | SOLE |  | 724739 | 0 | 0 |
| TATA MTRS LTD | SPONSORED ADR | 876568502 |  | 18047 | 780931 | SH |  | SOLE |  | 780931 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 29142 | 469681 | SH |  | SOLE |  | 462689 | 0 | 6992 |
| VISA INC | COM CL A | 92826C839 |  | 40406 | 194335 | SH |  | SOLE |  | 192864 | 0 | 1471 |
| YETI HLDGS INC | COM | 98585X104 |  | 11163 | 270150 | SH |  | SOLE |  | 270150 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 45038 | 800848 | SH |  | SOLE |  | 800848 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 32975 | 109820 | SH |  | SOLE |  | 108872 | 0 | 948 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 13844 | 121656 | SH |  | SOLE |  | 121656 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 32593 | 167695 | SH |  | SOLE |  | 166346 | 0 | 1349 |
| LINDE PLC | SHS | G5494J103 |  | 79140 | 242430 | SH |  | SOLE |  | 242053 | 0 | 377 |
| GLOBANT S A | COM | L44385109 |  | 27233 | 162156 | SH |  | SOLE |  | 161240 | 0 | 916 |
| FERRARI N V | COM | N3167Y103 |  | 33173 | 154714 | SH |  | SOLE |  | 153276 | 0 | 1438 |
| ATRICURE INC | COM | 04963C209 |  | 5370 | 121007 | SH |  | SOLE |  | 121007 | 0 | 0 |
| CALIX INC | COM | 13100M509 |  | 12139 | 177386 | SH |  | SOLE |  | 177386 | 0 | 0 |
| CONMED CORP | COM | 207410101 |  | 12881 | 145203 | SH |  | SOLE |  | 145203 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 7960 | 437586 | SH |  | SOLE |  | 437586 | 0 | 0 |
| FRESHPET INC | COM | 358039105 |  | 5569 | 105527 | SH |  | SOLE |  | 105527 | 0 | 0 |
| GENTHERM INC | COM | 37253A103 |  | 9848 | 150594 | SH |  | SOLE |  | 150594 | 0 | 0 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 3767 | 129045 | SH |  | SOLE |  | 129045 | 0 | 0 |
| HARMONIC INC | COM | 413160102 |  | 8369 | 638832 | SH |  | SOLE |  | 638832 | 0 | 0 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 9782 | 580199 | SH |  | SOLE |  | 580199 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 15094 | 838482 | SH |  | SOLE |  | 838482 | 0 | 0 |
| INSTRUCTURE HLDGS INC | COM | 457790103 |  | 6125 | 260807 | SH |  | SOLE |  | 260807 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 4408 | 155776 | SH |  | SOLE |  | 155776 | 0 | 0 |
| IVERIC BIO INC | COM | 46583P102 |  | 6313 | 294841 | SH |  | SOLE |  | 294841 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 13775 | 861579 | SH |  | SOLE |  | 861579 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 |  | 6333 | 105940 | SH |  | SOLE |  | 105940 | 0 | 0 |
| LIVENT CORP | COM | 53814L108 |  | 4209 | 211821 | SH |  | SOLE |  | 211821 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 67515 | 193663 | SH |  | SOLE |  | 192366 | 0 | 1297 |
| OLLIES BARGAIN OUTLET HLDGS | COM | 681116109 |  | 5152 | 109568 | SH |  | SOLE |  | 109568 | 0 | 0 |
| OPEN LENDING CORP | COM CL A | 68373J104 |  | 1454 | 215446 | SH |  | SOLE |  | 215446 | 0 | 0 |
| ORANGE | SPONSORED ADR | 684060106 |  | 7416 | 740550 | SH |  | SOLE |  | 733896 | 0 | 6654 |
| PETIQ INC | COM CL A | 71639T106 |  | 5776 | 624390 | SH |  | SOLE |  | 624390 | 0 | 0 |
| RADIUS GLOBAL INFRASTRCTRE I | COM CL A | 750481103 |  | 9143 | 773526 | SH |  | SOLE |  | 773526 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 7215 | 126561 | SH |  | SOLE |  | 125405 | 0 | 1156 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 8158 | 196527 | SH |  | SOLE |  | 196527 | 0 | 0 |
| SENTINELONE INC | CL A | 81730H109 |  | 2064 | 141471 | SH |  | SOLE |  | 141471 | 0 | 0 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 5974 | 106816 | SH |  | SOLE |  | 106816 | 0 | 0 |
| SOVOS BRANDS INC | COM | 84612U107 |  | 5801 | 403716 | SH |  | SOLE |  | 403716 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 7309 | 718662 | SH |  | SOLE |  | 716069 | 0 | 2593 |
| WALKER  DUNLOP INC | COM | 93148P102 |  | 9923 | 126138 | SH |  | SOLE |  | 126138 | 0 | 0 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 6267 | 296306 | SH |  | SOLE |  | 296306 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 7378 | 429961 | SH |  | SOLE |  | 429961 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 9438 | 111129 | SH |  | SOLE |  | 111129 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 8589 | 187900 | SH |  | SOLE |  | 187900 | 0 | 0 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 8935 | 241751 | SH |  | SOLE |  | 241751 | 0 | 0 |
| CACTUS INC | CL A | 127203107 |  | 7838 | 155950 | SH |  | SOLE |  | 155950 | 0 | 0 |
| COMCAST HOLDINGS CORP | ZONES CV2% PCS | 200300507 |  | 8404 | 166110 | PRN |  | SOLE |  | 166110 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 36494 | 960360 | SH |  | SOLE |  | 960360 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 9932 | 218286 | SH |  | SOLE |  | 215078 | 0 | 3208 |
| MAXLINEAR INC | COM | 57776J100 |  | 6423 | 189197 | SH |  | SOLE |  | 189197 | 0 | 0 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 3448 | 114600 | SH |  | SOLE |  | 114600 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1450 | 152973 | SH |  | SOLE |  | 152973 | 0 | 0 |
| WIDEOPENWEST INC | COM | 96758W101 |  | 4877 | 532935 | SH |  | SOLE |  | 532935 | 0 | 0 |
| WILLSCOT MOBIL MINI HLDNG CO | COM CL A | 971378104 |  | 7831 | 173359 | SH |  | SOLE |  | 173359 | 0 | 0 |
| ENEL CHILE S.A. | SPONSORED ADR | 29278D105 |  | 970 | 441483 | SH |  | SOLE |  | 441483 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 10418 | 82660 | SH |  | SOLE |  | 82660 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 65752 | 32597 | SH |  | SOLE |  | 32415 | 0 | 182 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 13062 | 28494 | SH |  | SOLE |  | 28403 | 0 | 91 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 14041 | 35180 | SH |  | SOLE |  | 35180 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 12455 | 69884 | SH |  | SOLE |  | 68433 | 0 | 1451 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 16362 | 75583 | SH |  | SOLE |  | 75583 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 43642 | 51538 | SH |  | SOLE |  | 51263 | 0 | 275 |
| MICROSOFT CORP | COM | 594918104 |  | 11342 | 47293 | SH |  | SOLE |  | 47293 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 13971 | 46167 | SH |  | SOLE |  | 46167 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 21593 | 53967 | SH |  | SOLE |  | 53967 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 34981 | 63547 | SH |  | SOLE |  | 62408 | 0 | 1139 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 |  | 7129 | 86577 | SH |  | SOLE |  | 86577 | 0 | 0 |
| BILL COM HLDGS INC | COM | 090043100 |  | 4203 | 38578 | SH |  | SOLE |  | 38578 | 0 | 0 |
| BLACK KNIGHT INC | COM | 09215C105 |  | 5708 | 92443 | SH |  | SOLE |  | 92443 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 8306 | 97488 | SH |  | SOLE |  | 97488 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 6335 | 60888 | SH |  | SOLE |  | 60888 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 4192 | 91481 | SH |  | SOLE |  | 91481 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 7655 | 23393 | SH |  | SOLE |  | 23393 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 4986 | 73488 | SH |  | SOLE |  | 73488 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 |  | 5170 | 73958 | SH |  | SOLE |  | 73958 | 0 | 0 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 2972 | 69607 | SH |  | SOLE |  | 69607 | 0 | 0 |
| HESKA CORP | COM RESTRC NEW | 42805E306 |  | 4249 | 68353 | SH |  | SOLE |  | 68353 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 8180 | 31041 | SH |  | SOLE |  | 31041 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 4215 | 11919 | SH |  | SOLE |  | 11919 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 5285 | 17030 | SH |  | SOLE |  | 17030 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 6357 | 37549 | SH |  | SOLE |  | 37549 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 3777 | 18014 | SH |  | SOLE |  | 18014 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 2463 | 47345 | SH |  | SOLE |  | 47345 | 0 | 0 |
| SHOCKWAVE MED INC | COM | 82489T104 |  | 7970 | 38761 | SH |  | SOLE |  | 38761 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 4513 | 31081 | SH |  | SOLE |  | 31081 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 9064 | 68378 | SH |  | SOLE |  | 68378 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 5518 | 67106 | SH |  | SOLE |  | 67106 | 0 | 0 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 1463 | 24274 | SH |  | SOLE |  | 24274 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 4575 | 66933 | SH |  | SOLE |  | 66933 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 4022 | 44431 | SH |  | SOLE |  | 44431 | 0 | 0 |
| CENTRAIS ELETRICAS BRASILEIR | SPON ADR PFD B | 15234Q108 |  | 473 | 57932 | SH |  | SOLE |  | 57932 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 713 | 45578 | SH |  | SOLE |  | 45578 | 0 | 0 |
| ENDAVA PLC | ADS | 29260V105 |  | 4103 | 53628 | SH |  | SOLE |  | 53628 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 284 | 11796 | SH |  | SOLE |  | 11796 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 5404 | 59239 | SH |  | SOLE |  | 59239 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADR B | 400506101 |  | 1897 | 12319 | SH |  | SOLE |  | 12319 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 775 | 35919 | SH |  | SOLE |  | 35919 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 560 | 27288 | SH |  | SOLE |  | 27288 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 399 | 19822 | SH |  | SOLE |  | 19822 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | BASE METALS FD | 46140H700 |  | 669 | 34412 | SH |  | SOLE |  | 34412 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 390 | 10298 | SH |  | SOLE |  | 10298 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 228 | 11162 | SH |  | SOLE |  | 11162 | 0 | 0 |
| P T TELEKOMUNIKASI INDONESIA | SPONSORED ADR | 715684106 |  | 981 | 40874 | SH |  | SOLE |  | 40874 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 784 | 11339 | SH |  | SOLE |  | 11339 | 0 | 0 |
| SIGNATURE BK NEW YORK N Y | COM | 82669G104 |  | 7393 | 64138 | SH |  | SOLE |  | 64138 | 0 | 0 |
| STERLING CHECK CORP | COM | 85917T109 |  | 255 | 16986 | SH |  | SOLE |  | 16986 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 511 | 33786 | SH |  | SOLE |  | 33786 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 566 | 20687 | SH |  | SOLE |  | 20687 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2079 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 607 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1323 | 2719 | SH |  | SOLE |  | 2719 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 1108 | 7965 | SH |  | SOLE |  | 7965 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3205 | 8255 | SH |  | SOLE |  | 8255 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 261 | 3051 | SH |  | SOLE |  | 3051 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 303 | 4885 | SH |  | SOLE |  | 4885 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1207 | 8736 | SH |  | SOLE |  | 8736 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 616 | 5056 | SH |  | SOLE |  | 5056 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 418 | 5678 | SH |  | SOLE |  | 5678 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 455 | 2705 | SH |  | SOLE |  | 2705 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 560 | 6172 | SH |  | SOLE |  | 6172 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 902 | 5318 | SH |  | SOLE |  | 5318 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 642 | 1165 | SH |  | SOLE |  | 1165 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 223 | 4305 | SH |  | SOLE |  | 4305 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 470 | 9369 | SH |  | SOLE |  | 9369 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 214 | 5724 | SH |  | SOLE |  | 5724 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 595 | 4389 | SH |  | SOLE |  | 4389 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 570 | 7284 | SH |  | SOLE |  | 7284 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 1008 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 589 | 984 | SH |  | SOLE |  | 984 | 0 | 0 |

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