# EDGAR Filing Document

**Accession Number:** 0001438848
**File Stem:** 0000930413-23-000266
**Filing Date:** 2023-2
**Character Count:** 27812
**Document Hash:** 8083c52ba5d1a4cc7b8fff5da0554f90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-23-000266.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0000930413-23-000266

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

**CONFIRMING COPY**: 

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GAM Holding AG
- **CENTRAL INDEX KEY:** 0001438848
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13808

**BUSINESS ADDRESS:**
- **STREET 1:** HARDSTRASSE 201
- **STREET 2:** P.O. BOX
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8037
- **BUSINESS PHONE:** 01141584263030

**MAIL ADDRESS:**
- **STREET 1:** HARDSTRASSE 201
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8037

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAM Holding Ltd.
- **DATE OF NAME CHANGE:** 20091001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Julius Baer Holding Ltd.
- **DATE OF NAME CHANGE:** 20080627

### 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:** GAM Holding AG<br>**Address:** Hardstrasse 201<br>Zurich, V8 8037

**Form 13F File Number:** 028-13808

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:** Elmar Zumbuehl<br>**Title:** Group Chief Risk Officer<br>**Phone:** 41-0-58-426-30-30

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

/s/ Elmar Zumbuehl  Zurich, V8  02-02-2023<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:** 2

**Form 13F Information Table Entry Total:** 245

**Form 13F Information Table Value Total:** $1245771370

      (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.]

| No.   | Name                                       | Form 13F File Number   |
|:---|:---|:---|
|  | GAM INTERNATIONAL MANAGEMENT LTD           |  |
|  | GAM INVESTMENT MANAGEMENT (SWITZERLAND) AG |  |

### 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 |
| 1LIFE HEALTHCARE INC | COM | 68269G107 |  | 880617 | 52700 | SH |  | SOLE | 1 | 52700 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 5176811 | 47152 | SH |  | SOLE | 2 | 47152 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 2943483 | 11031 | SH |  | SOLE | 2 | 11031 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 2143400 | 28000 | SH |  | SOLE | 1 | 28000 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 1132689 | 14797 | SH |  | SOLE | 2 | 14797 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 3818539 | 11347 | SH |  | SOLE | 2 | 11347 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 13248563 | 184161 | SH |  | SOLE | 2 | 184161 | 0 | 0 |
| AGROFRESH SOLUTIONS INC | COM | 00856G109 |  | 267001 | 90203 | SH |  | SOLE | 1 | 90203 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1409115 | 4571 | SH |  | SOLE | 2 | 4571 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 6514502 | 76193 | SH |  | SOLE | 1 | 76193 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 610 | 7 | SH |  | SOLE | 2 | 7 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 9867905 | 117057 | SH |  | SOLE | 1 | 117057 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1039587 | 12332 | SH |  | SOLE | 2 | 12332 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 1717272 | 82800 | SH |  | SOLE | 1 | 82800 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 7866966 | 89306 | SH |  | SOLE | 1 | 89306 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 9257 | 104 | SH |  | SOLE | 2 | 104 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 157939 | 1780 | SH |  | SOLE |  | 1780 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 14379441 | 162977 | SH |  | SOLE | 2 | 162977 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 9109220 | 199283 | SH |  | SOLE | 2 | 199283 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4655823 | 55426 | SH |  | SOLE | 2 | 55426 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3173495 | 12083 | SH |  | SOLE | 2 | 12083 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1309013 | 17192 | SH |  | SOLE | 2 | 17192 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2807155 | 17114 | SH |  | SOLE | 2 | 17114 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 11731286 | 90289 | SH |  | SOLE | 2 | 90289 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 190088 | 1463 | SH |  | SOLE |  | 1463 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 3772909 | 38744 | SH |  | SOLE | 2 | 38744 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 5003078 | 38880 | SH |  | SOLE | 1 | 38880 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 2167387 | 18949 | SH |  | SOLE | 1 | 18949 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 5793848 | 92200 | SH |  | SOLE | 1 | 92200 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 626 | 10 | SH |  | SOLE | 2 | 10 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 5904267 | 2930 | SH |  | SOLE | 2 | 2930 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 2660085 | 25450 | SH |  | SOLE | 2 | 25450 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 1305165 | 32426 | SH |  | SOLE | 2 | 32426 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1552910 | 33562 | SH |  | SOLE | 2 | 33562 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 1988111 | 56917 | SH |  | SOLE | 2 | 56917 | 0 | 0 |
| BRILLIANT EARTH GROUP INC | CL A COM | 109504100 |  | 4362151 | 1012100 | SH |  | SOLE | 1 | 1012100 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 7870622 | 109390 | SH |  | SOLE | 2 | 109390 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 5871195 | 10501 | SH |  | SOLE | 2 | 10501 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 13906492 | 211731 | SH |  | SOLE | 1 | 211731 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 383 | 6 | SH |  | SOLE | 2 | 6 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 656188 | 11298 | SH |  | SOLE | 2 | 11298 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 2014932 | 12543 | SH |  | SOLE | 2 | 12543 | 0 | 0 |
| CANADA GOOSE HLDGS INC | SHS SUB VTG | 135086106 |  | 4291640 | 240968 | SH |  | SOLE | 1 | 240968 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 2786307 | 67547 | SH |  | SOLE | 2 | 67547 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 10093606 | 123078 | SH |  | SOLE | 2 | 123078 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 2470012 | 28991 | SH |  | SOLE | 2 | 28991 | 0 | 0 |
| CHINDATA GROUP HLDGS LTD | ADS | 16955F107 |  | 2702874 | 339131 | SH |  | SOLE | 1 | 339131 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 3701334 | 45917 | SH |  | SOLE | 2 | 45917 | 0 | 0 |
| CHURCHILL CAPITAL CORP VII | COM CL A | 17144M102 |  | 209370 | 21000 | SH |  | SOLE | 1 | 21000 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 1632757 | 4928 | SH |  | SOLE | 2 | 4928 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 8674715 | 182089 | SH |  | SOLE | 2 | 182089 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 4204555 | 92959 | SH |  | SOLE | 2 | 92959 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 4942990 | 109334 | SH |  | SOLE | 1 | 109334 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 217 | 5 | SH |  | SOLE | 2 | 5 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 4458824 | 70096 | SH |  | SOLE | 2 | 70096 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 13478425 | 114224 | SH |  | SOLE | 2 | 114224 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 1772353 | 21310 | SH |  | SOLE | 1 | 21310 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 2789847 | 47463 | SH |  | SOLE | 2 | 47463 | 0 | 0 |
| COWEN INC | CL A NEW | 223622606 |  | 865088 | 22400 | SH |  | SOLE | 1 | 22400 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 4856080 | 46121 | SH |  | SOLE | 1 | 46121 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 401 | 4 | SH |  | SOLE | 2 | 4 | 0 | 0 |
| CVENT HOLDING CORP | COMMON STOCK | 126677103 |  | 2970788 | 550146 | SH |  | SOLE | 1 | 550146 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 4112417 | 15494 | SH |  | SOLE | 2 | 15494 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 891158 | 14238 | SH |  | SOLE | 2 | 14238 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 5015640 | 68240 | SH |  | SOLE | 1 | 68240 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 342 | 5 | SH |  | SOLE | 2 | 5 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 19820290 | 49655 | SH |  | SOLE | 1 | 49655 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 713796 | 6303 | SH |  | SOLE | 2 | 6303 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 874882 | 10070 | SH |  | SOLE | 1 | 10070 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 4348195 | 50048 | SH |  | SOLE | 2 | 50048 | 0 | 0 |
| DOUYU INTL HLDGS LTD | SPONSORED ADS | 25985W105 |  | 840000 | 600000 | SH |  | SOLE | 2 | 600000 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 2484000 | 48000 | SH |  | SOLE | 2 | 48000 | 0 | 0 |
| DRAGONEER GROWTH OPT CORP II | CL A SHS | G28315102 |  | 208820 | 21200 | SH |  | SOLE | 1 | 21200 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1869552 | 25058 | SH |  | SOLE | 2 | 25058 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 670023 | 54830 | SH |  | SOLE | 2 | 54830 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 7610620 | 62290 | SH |  | SOLE | 2 | 62290 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 8139049 | 15867 | SH |  | SOLE | 2 | 15867 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 10658721 | 82294 | SH |  | SOLE | 2 | 82294 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 9080364 | 27706 | SH |  | SOLE | 1 | 27706 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 354 | 1 | SH |  | SOLE | 2 | 1 | 0 | 0 |
| EURONAV NV | SHS | B38564108 |  | 1533600 | 90000 | SH |  | SOLE | 1 | 90000 | 0 | 0 |
| EVO PMTS INC | CL A COM | 26927E104 |  | 2519320 | 74448 | SH |  | SOLE | 1 | 74448 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 18794580 | 214550 | SH |  | SOLE | 1 | 214550 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 251 | 3 | SH |  | SOLE | 2 | 3 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 16843294 | 152704 | SH |  | SOLE | 2 | 152704 | 0 | 0 |
| FAR PEAK ACQUISITION CORP | SHS CL A | G3312L103 |  | 251000 | 25000 | SH |  | SOLE | 1 | 25000 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 344668 | 1990 | SH |  | SOLE | 1 | 1990 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 6578420 | 37982 | SH |  | SOLE | 2 | 37982 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 1821600 | 74351 | SH |  | SOLE | 1 | 74351 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 247 | 10 | SH |  | SOLE | 2 | 10 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 9003762 | 89084 | SH |  | SOLE | 2 | 89084 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 1528721 | 12249 | SH |  | SOLE | 2 | 12249 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1544660 | 31595 | SH |  | SOLE | 2 | 31595 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 6286845 | 73231 | SH |  | SOLE | 2 | 73231 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 7255400 | 906925 | SH |  | SOLE | 2 | 906925 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 2614151 | 38213 | SH |  | SOLE | 1 | 38213 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 11492470 | 167994 | SH |  | SOLE | 2 | 167994 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 2561661 | 14591 | SH |  | SOLE | 2 | 14591 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 21537683 | 170447 | SH |  | SOLE | 1 | 170447 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 652 | 5 | SH |  | SOLE | 2 | 5 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 5460035 | 17286 | SH |  | SOLE | 2 | 17286 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 6898032 | 32189 | SH |  | SOLE | 2 | 32189 | 0 | 0 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 1103860 | 9700 | SH |  | SOLE | 1 | 9700 | 0 | 0 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 468 | 4 | SH |  | SOLE | 2 | 4 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 1071912 | 23533 | SH |  | SOLE | 2 | 23533 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 9012101 | 639156 | SH |  | SOLE | 2 | 639156 | 0 | 0 |
| IAA INC | COM | 449253103 |  | 1102720 | 27568 | SH |  | SOLE | 1 | 27568 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 2182061 | 99683 | SH |  | SOLE | 1 | 99683 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 5107156 | 233310 | SH |  | SOLE | 2 | 233310 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 2068180 | 10647 | SH |  | SOLE | 2 | 10647 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 2412496 | 5914 | SH |  | SOLE | 2 | 5914 | 0 | 0 |
| IMAGO BIOSCIENCES INC | COM | 45250K107 |  | 1057218 | 29408 | SH |  | SOLE | 1 | 29408 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 9226955 | 512324 | SH |  | SOLE | 2 | 512324 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 2250875 | 5783 | SH |  | SOLE | 2 | 5783 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 26775938 | 100908 | SH |  | SOLE | 1 | 100908 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 3653265 | 13768 | SH |  | SOLE | 2 | 13768 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 2750548 | 13425 | SH |  | SOLE | 2 | 13425 | 0 | 0 |
| IROBOT CORP | COM | 462726100 |  | 837606 | 17403 | SH |  | SOLE | 1 | 17403 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1396330 | 29900 | SH |  | SOLE | 2 | 29900 | 0 | 0 |
| JD.COM INC | SPON ADR CL A | 47215P106 |  | 3993369 | 71145 | SH |  | SOLE | 1 | 71145 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 14878426 | 84225 | SH |  | SOLE | 2 | 84225 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 10603443 | 79071 | SH |  | SOLE | 2 | 79071 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 16393980 | 95832 | SH |  | SOLE | 1 | 95832 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1342279 | 7846 | SH |  | SOLE | 2 | 7846 | 0 | 0 |
| KHOSLA VENTURES ACQUISITION | CL A | 482504107 |  | 326346 | 32700 | SH |  | SOLE | 1 | 32700 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 4951034 | 13132 | SH |  | SOLE | 2 | 13132 | 0 | 0 |
| KNOWBE4 INC | CL A | 49926T104 |  | 1082886 | 43700 | SH |  | SOLE | 1 | 43700 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1969770 | 4687 | SH |  | SOLE | 2 | 4687 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 23890512 | 96290 | SH |  | SOLE | 1 | 96290 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 4297851 | 17322 | SH |  | SOLE | 2 | 17322 | 0 | 0 |
| LEVI STRAUSS  CO NEW | CL A COM STK | 52736R102 |  | 5291389 | 340940 | SH |  | SOLE | 1 | 340940 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 12761056 | 39831 | SH |  | SOLE | 1 | 39831 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 702 | 2 | SH |  | SOLE | 2 | 2 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 3032700 | 110000 | SH |  | SOLE | 2 | 110000 | 0 | 0 |
| MARAVAI LIFESCIENCES HLDGS I | COM CL A | 56600D107 |  | 596598 | 41691 | SH |  | SOLE | 2 | 41691 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 11239837 | 8531 | SH |  | SOLE | 2 | 8531 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 20521509 | 137830 | SH |  | SOLE | 1 | 137830 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 773 | 5 | SH |  | SOLE | 2 | 5 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 11933769 | 322186 | SH |  | SOLE | 1 | 322186 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 594 | 16 | SH |  | SOLE | 2 | 16 | 0 | 0 |
| MASON INDUSTRIAL TECHNOLGY I | COM CL A | 57520Y106 |  | 488696 | 48894 | SH |  | SOLE | 1 | 48894 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 8881452 | 25541 | SH |  | SOLE | 2 | 25541 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 419021 | 10099 | SH |  | SOLE | 2 | 10099 | 0 | 0 |
| MAXAR TECHNOLOGIES INC | COM | 57778K105 |  | 1112410 | 21500 | SH |  | SOLE | 1 | 21500 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 8159746 | 104989 | SH |  | SOLE | 2 | 104989 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1201661 | 1420 | SH |  | SOLE | 1 | 1420 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 728 | 1 | SH |  | SOLE | 2 | 1 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 16500001 | 148716 | SH |  | SOLE | 2 | 148716 | 0 | 0 |
| MERIDIAN BIOSCIENCE INC | COM | 589584101 |  | 1301832 | 39200 | SH |  | SOLE | 1 | 39200 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2299443 | 19108 | SH |  | SOLE | 2 | 19108 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 8684613 | 123624 | SH |  | SOLE | 2 | 123624 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 43552751 | 181606 | SH |  | SOLE | 1 | 181606 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 27040010 | 112751 | SH |  | SOLE | 2 | 112751 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 849109 | 4727 | SH |  | SOLE | 2 | 4727 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 5893609 | 114395 | SH |  | SOLE | 2 | 114395 | 0 | 0 |
| MONEYGRAM INTL INC | COM NEW | 60935Y208 |  | 1296346 | 119040 | SH |  | SOLE | 1 | 119040 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 12503498 | 285013 | SH |  | SOLE | 2 | 285013 | 0 | 0 |
| MYT NETHERLANDS PARENT B V | ADS | 55406W103 |  | 8304744 | 932070 | SH |  | SOLE | 1 | 932070 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 507466 | 6987 | SH |  | SOLE | 1 | 6987 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 19508376 | 66157 | SH |  | SOLE | 1 | 66157 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2465 | 8 | SH |  | SOLE | 2 | 8 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4458272 | 94455 | SH |  | SOLE | 2 | 94455 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 22481131 | 192130 | SH |  | SOLE | 1 | 192130 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 4786501 | 40907 | SH |  | SOLE | 2 | 40907 | 0 | 0 |
| NORTH ATLANTIC ACQUISITN COR | CL A SHS | G66139109 |  | 340707 | 33700 | SH |  | SOLE | 1 | 33700 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6600121 | 45163 | SH |  | SOLE | 1 | 45163 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6159630 | 42149 | SH |  | SOLE | 2 | 42149 | 0 | 0 |
| OMNICELL COM | COM | 68213N109 |  | 8733450 | 173214 | SH |  | SOLE | 1 | 173214 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1084624 | 17390 | SH |  | SOLE | 2 | 17390 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 19478567 | 238299 | SH |  | SOLE | 2 | 238299 | 0 | 0 |
| PEGASYSTEMS INC | COM | 705573103 |  | 5474428 | 159884 | SH |  | SOLE | 1 | 159884 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2800295 | 54651 | SH |  | SOLE | 2 | 54651 | 0 | 0 |
| POSHMARK INC | COM CL A | 73739W104 |  | 908304 | 50800 | SH |  | SOLE | 1 | 50800 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1961215 | 15120 | SH |  | SOLE | 2 | 15120 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 28205799 | 234970 | SH |  | SOLE | 1 | 234970 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 252 | 2 | SH |  | SOLE | 2 | 2 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 1031387 | 11379 | SH |  | SOLE | 2 | 11379 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2458272 | 22360 | SH |  | SOLE | 2 | 22360 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2128410 | 2950 | SH |  | SOLE | 2 | 2950 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 8473890 | 393038 | SH |  | SOLE | 2 | 393038 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1046002 | 8109 | SH |  | SOLE | 2 | 8109 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 4179924 | 226800 | SH |  | SOLE | 1 | 226800 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 110 | 6 | SH |  | SOLE | 2 | 6 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 5104586 | 179360 | SH |  | SOLE | 1 | 179360 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 190 | 7 | SH |  | SOLE | 2 | 7 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 2762740 | 10726 | SH |  | SOLE | 2 | 10726 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 2726920 | 6311 | SH |  | SOLE | 2 | 6311 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2108920 | 6296 | SH |  | SOLE | 2 | 6296 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 12877521 | 154666 | SH |  | SOLE | 2 | 154666 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 10721865 | 203799 | SH |  | SOLE | 1 | 203799 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 196 | 4 | SH |  | SOLE | 2 | 4 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 10105095 | 250250 | SH |  | SOLE | 1 | 250250 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 118 | 3 | SH |  | SOLE | 2 | 3 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 9682289 | 24937 | SH |  | SOLE | 1 | 24937 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1547567 | 3986 | SH |  | SOLE | 2 | 3986 | 0 | 0 |
| SIERRA WIRELESS INC | COM | 826516106 |  | 1623440 | 56000 | SH |  | SOLE | 1 | 56000 | 0 | 0 |
| SIGNIFY HEALTH INC | CL A COM | 82671G100 |  | 466527 | 16278 | SH |  | SOLE | 1 | 16278 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2350324 | 20006 | SH |  | SOLE | 2 | 20006 | 0 | 0 |
| SK TELECOM LTD | SPONSORED ADR | 78440P306 |  | 1130988 | 54929 | SH |  | SOLE | 2 | 54929 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 1645423 | 20609 | SH |  | SOLE | 1 | 20609 | 0 | 0 |
| SONOS INC | COM | 83570H108 |  | 2984794 | 176615 | SH |  | SOLE | 1 | 176615 | 0 | 0 |
| SOUTH JERSEY INDS INC | COM | 838518108 |  | 635347 | 17882 | SH |  | SOLE | 1 | 17882 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1396736 | 14080 | SH |  | SOLE | 1 | 14080 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 2141 | 22 | SH |  | SOLE | 2 | 22 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1734026 | 5431 | SH |  | SOLE | 2 | 5431 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 2036056 | 26633 | SH |  | SOLE | 2 | 26633 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1165992 | 15653 | SH |  | SOLE | 1 | 15653 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6517875 | 87500 | SH |  | SOLE | 2 | 87500 | 0 | 0 |
| TE CONNECTIVITY LTD | SHS | H84989104 |  | 7443175 | 64836 | SH |  | SOLE | 2 | 64836 | 0 | 0 |
| TECH AND ENERGY TRANSITION | CLASS A COM | 87823R102 |  | 230690 | 23000 | SH |  | SOLE | 1 | 23000 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 218257 | 10300 | SH |  | SOLE | 1 | 10300 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 9356400 | 1130000 | SH |  | SOLE | 2 | 1130000 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 3674524 | 22240 | SH |  | SOLE | 2 | 22240 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7027906 | 12762 | SH |  | SOLE | 1 | 12762 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7419650 | 13473 | SH |  | SOLE | 2 | 13473 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 23932058 | 300654 | SH |  | SOLE | 1 | 300654 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 1738 | 22 | SH |  | SOLE | 2 | 22 | 0 | 0 |
| TLG ACQUISITION ONE CORP | COM CL A | 87257M108 |  | 203600 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 10297505 | 203669 | SH |  | SOLE | 1 | 203669 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 236 | 5 | SH |  | SOLE | 2 | 5 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 7659298 | 222654 | SH |  | SOLE | 1 | 222654 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1951192 | 31344 | SH |  | SOLE | 2 | 31344 | 0 | 0 |
| UMPQUA HLDGS CORP | COM | 904214103 |  | 874650 | 49000 | SH |  | SOLE | 1 | 49000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2371935 | 11455 | SH |  | SOLE | 2 | 11455 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 319866 | 1840 | SH |  | SOLE | 1 | 1840 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2394 | 14 | SH |  | SOLE | 2 | 14 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 17305388 | 32641 | SH |  | SOLE | 2 | 32641 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 5645251 | 129449 | SH |  | SOLE | 2 | 129449 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 7371450 | 30927 | SH |  | SOLE | 1 | 30927 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 179 | 1 | SH |  | SOLE | 2 | 1 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 21294717 | 60610 | SH |  | SOLE | 2 | 60610 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 2383627 | 61150 | SH |  | SOLE | 2 | 61150 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 9992751 | 132900 | SH |  | SOLE | 2 | 132900 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 3599312 | 20402 | SH |  | SOLE | 2 | 20402 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1995132 | 6909 | SH |  | SOLE | 2 | 6909 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 11546002 | 55574 | SH |  | SOLE | 2 | 55574 | 0 | 0 |
| VIVINT SMART HOME INC | COM CL A | 928542109 |  | 545639 | 45852 | SH |  | SOLE | 1 | 45852 | 0 | 0 |
| VMWARE INC | CL A COM | 928563402 |  | 932976 | 7600 | SH |  | SOLE | 1 | 7600 | 0 | 0 |
| VMWARE INC | CL A COM | 928563402 |  | 8289979 | 67530 | SH |  | SOLE | 2 | 67530 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 4151946 | 29282 | SH |  | SOLE | 2 | 29282 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 4544071 | 479332 | SH |  | SOLE | 2 | 479332 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1523741 | 9713 | SH |  | SOLE | 2 | 9713 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 2695949 | 19058 | SH |  | SOLE | 2 | 19058 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 2257045 | 41300 | SH |  | SOLE | 1 | 41300 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 3474101 | 63570 | SH |  | SOLE | 2 | 63570 | 0 | 0 |

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