# EDGAR Filing Document

**Accession Number:** 0002131483
**File Stem:** 0002131483-26-000024
**Filing Date:** 2026-5
**Character Count:** 31590
**Document Hash:** 53058ef55e5063e8a91db6cf074da9a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002131483-26-000024.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002131483-26-000024

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20190630

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**EFFECTIVENESS DATE**: 20260528

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26999
- **FILM NUMBER:** 261036106

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2019

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

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

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

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

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

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

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 292

**Form 13F Information Table Value Total:** $1175645869

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 518897 | 6170 | SH |  | SOLE |  | 0 | 0 | 6170 |
| ABM INDS INC | COM | 000957100 |  | 226000 | 5650 | SH |  | SOLE |  | 0 | 0 | 5650 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1353612 | 7326 | SH |  | SOLE |  | 0 | 0 | 7326 |
| ACUITY BRANDS INC | COM | 00508Y102 |  | 1203234 | 8725 | SH |  | SOLE |  | 0 | 0 | 8725 |
| ADAMAS PHARMACEUTICALS INC | COM | 00548A106 |  | 64747 | 10443 | SH |  | SOLE |  | 0 | 0 | 10443 |
| ADOBE INC | COM | 00724F101 |  | 265774 | 902 | SH |  | SOLE |  | 0 | 0 | 902 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 508089 | 5514 | SH |  | SOLE |  | 0 | 0 | 5514 |
| AFLAC INC | COM | 001055102 |  | 26582850 | 485000 | SH |  | SOLE |  | 0 | 0 | 485000 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 227584 | 1005 | SH |  | SOLE |  | 0 | 0 | 1005 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1304596 | 7699 | SH |  | SOLE |  | 0 | 0 | 7699 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 20573200 | 19000 | SH |  | SOLE |  | 0 | 0 | 19000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 21124225 | 19543 | SH |  | SOLE |  | 0 | 0 | 19543 |
| AMAZON COM INC | COM | 023135106 |  | 21979364 | 11607 | SH |  | SOLE |  | 0 | 0 | 11607 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 151757 | 32496 | SH |  | SOLE |  | 0 | 0 | 32496 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 |  | 175219 | 10368 | SH |  | SOLE |  | 0 | 0 | 10368 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 361884 | 1770 | SH |  | SOLE |  | 0 | 0 | 1770 |
| AMGEN INC | COM | 031162100 |  | 6588010 | 35750 | SH |  | SOLE |  | 0 | 0 | 35750 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 668744 | 7556 | SH |  | SOLE |  | 0 | 0 | 7556 |
| ANSYS INC | COM | 03662Q105 |  | 1594114 | 7783 | SH |  | SOLE |  | 0 | 0 | 7783 |
| AON PLC | SHS CL A | G0408V102 |  | 1415957 | 7338 | SH |  | SOLE |  | 0 | 0 | 7338 |
| APPLE INC | COM | 037833100 |  | 49506716 | 250135 | SH |  | SOLE |  | 0 | 0 | 250135 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 215109 | 3496 | SH |  | SOLE |  | 0 | 0 | 3496 |
| APTARGROUP INC | COM | 038336103 |  | 2281237 | 18347 | SH |  | SOLE |  | 0 | 0 | 18347 |
| ARAMARK | COM | 03852U106 |  | 2970317 | 82372 | SH |  | SOLE |  | 0 | 0 | 82372 |
| ARRAY BIOPHARMA INC | COM | 04269X105 |  | 224515 | 4846 | SH |  | SOLE |  | 0 | 0 | 4846 |
| ASE TECHNOLOGY HOLDING CO LT | SPONSORED ADS | 00215W100 |  | 179121 | 45347 | SH |  | SOLE |  | 0 | 0 | 45347 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 236273 | 1136 | SH |  | SOLE |  | 0 | 0 | 1136 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 436990 | 10586 | SH |  | SOLE |  | 0 | 0 | 10586 |
| AT INC | COM | 00206R102 |  | 435630 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 46477385 | 281119 | SH |  | SOLE |  | 0 | 0 | 281119 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 265234 | 2260 | SH |  | SOLE |  | 0 | 0 | 2260 |
| BANCO DE CHILE | SPONSORED ADS | 059520106 |  | 272744 | 9186 | SH |  | SOLE |  | 0 | 0 | 9186 |
| BANCOLOMBIA S A | SPON ADR PREF | 05968L102 |  | 278090 | 5448 | SH |  | SOLE |  | 0 | 0 | 5448 |
| BAOZUN INC | SPONSORED ADR | 06684L103 |  | 446596 | 8957 | SH |  | SOLE |  | 0 | 0 | 8957 |
| BARRICK GOLD CORPORATION | COM | 067901108 |  | 289486 | 18357 | SH |  | SOLE |  | 0 | 0 | 18357 |
| BAXTER INTL INC | COM | 071813109 |  | 4951849 | 60462 | SH |  | SOLE |  | 0 | 0 | 60462 |
| BB CORP | COM | 054937107 |  | 391271 | 7964 | SH |  | SOLE |  | 0 | 0 | 7964 |
| BELDEN INC | COM | 077454106 |  | 213856 | 3590 | SH |  | SOLE |  | 0 | 0 | 3590 |
| BERKLEY W R CORP | COM | 084423102 |  | 3870659 | 58709 | SH |  | SOLE |  | 0 | 0 | 58709 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11010231 | 51650 | SH |  | SOLE |  | 0 | 0 | 51650 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 261928 | 4507 | SH |  | SOLE |  | 0 | 0 | 4507 |
| BIO RAD LABS INC | CL A | 090572207 |  | 1154395 | 3693 | SH |  | SOLE |  | 0 | 0 | 3693 |
| BIO TECHNE CORP | COM | 09073M104 |  | 1143573 | 5485 | SH |  | SOLE |  | 0 | 0 | 5485 |
| BLACKBAUD INC | COM | 09227Q100 |  | 1677156 | 20086 | SH |  | SOLE |  | 0 | 0 | 20086 |
| BLACKROCK INC | COM | 09247X101 |  | 32752360 | 69790 | SH |  | SOLE |  | 0 | 0 | 69790 |
| BOEING CO | COM | 097023105 |  | 54453814 | 149595 | SH |  | SOLE |  | 0 | 0 | 149595 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 369499 | 8597 | SH |  | SOLE |  | 0 | 0 | 8597 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 334857 | 9603 | SH |  | SOLE |  | 0 | 0 | 9603 |
| BROADCOM INC | COM | 11135F101 |  | 439274 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1124671 | 8809 | SH |  | SOLE |  | 0 | 0 | 8809 |
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 |  | 353046 | 7389 | SH |  | SOLE |  | 0 | 0 | 7389 |
| BROOKS AUTOMATION INC | COM | 114340102 |  | 253231 | 6535 | SH |  | SOLE |  | 0 | 0 | 6535 |
| CANADA GOOSE HOLDINGS INC | SHS SUB VTG | 135086106 |  | 276648 | 7143 | SH |  | SOLE |  | 0 | 0 | 7143 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 577029 | 6240 | SH |  | SOLE |  | 0 | 0 | 6240 |
| CARLISLE COS INC | COM | 142339100 |  | 2182910 | 15547 | SH |  | SOLE |  | 0 | 0 | 15547 |
| CARRIZO OIL  GAS INC | COM | 144577103 |  | 128717 | 12846 | SH |  | SOLE |  | 0 | 0 | 12846 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 252245 | 6365 | SH |  | SOLE |  | 0 | 0 | 6365 |
| CDW CORP | COM | 12514G108 |  | 2781114 | 25055 | SH |  | SOLE |  | 0 | 0 | 25055 |
| CENTERSTATE BK CORP | COM | 15201P109 |  | 201282 | 8740 | SH |  | SOLE |  | 0 | 0 | 8740 |
| CHANGYOU COM LTD | ADS REP CL A | 15911M107 |  | 117819 | 12260 | SH |  | SOLE |  | 0 | 0 | 12260 |
| CHEVRON CORP NEW | COM | 166764100 |  | 11897038 | 95605 | SH |  | SOLE |  | 0 | 0 | 95605 |
| CHINA LIFE INS CO LTD | SPON ADR REP H | 16939P106 |  | 194494 | 15723 | SH |  | SOLE |  | 0 | 0 | 15723 |
| CHINA MOBILE LIMITED | SPONSORED ADR | 16941M109 |  | 512617 | 11319 | SH |  | SOLE |  | 0 | 0 | 11319 |
| CHOICE HOTELS INTL INC | COM | 169905106 |  | 943710 | 10846 | SH |  | SOLE |  | 0 | 0 | 10846 |
| CHUBB LIMITED | COM | H1467J104 |  | 544544 | 3697 | SH |  | SOLE |  | 0 | 0 | 3697 |
| CHUNGHWA TELECOM CO LTD | SPON ADR NEW11 | 17133Q502 |  | 259380 | 7099 | SH |  | SOLE |  | 0 | 0 | 7099 |
| CHURCH  DWIGHT INC | COM | 171340102 |  | 732860 | 10031 | SH |  | SOLE |  | 0 | 0 | 10031 |
| CIGNA CORP NEW | COM | 125523100 |  | 405368 | 2573 | SH |  | SOLE |  | 0 | 0 | 2573 |
| CISCO SYS INC | COM | 17275R102 |  | 20153174 | 368229 | SH |  | SOLE |  | 0 | 0 | 368229 |
| CITIGROUP INC | COM NEW | 172967424 |  | 754159 | 10769 | SH |  | SOLE |  | 0 | 0 | 10769 |
| CNOOC LTD | SPONSORED ADR | 126132109 |  | 508795 | 2987 | SH |  | SOLE |  | 0 | 0 | 2987 |
| COCA COLA CO | COM | 191216100 |  | 15601753 | 306397 | SH |  | SOLE |  | 0 | 0 | 306397 |
| COEUR MNG INC | COM NEW | 192108504 |  | 73368 | 16905 | SH |  | SOLE |  | 0 | 0 | 16905 |
| COLUMBIA SPORTSWEAR CO | COM | 198516106 |  | 1223755 | 12218 | SH |  | SOLE |  | 0 | 0 | 12218 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 |  | 262229 | 6248 | SH |  | SOLE |  | 0 | 0 | 6248 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 21973482 | 519713 | SH |  | SOLE |  | 0 | 0 | 519713 |
| CONMED CORP | COM | 207410101 |  | 257309 | 3007 | SH |  | SOLE |  | 0 | 0 | 3007 |
| CONTINENTAL BLDG PRODS INC | COM | 211171103 |  | 244364 | 9197 | SH |  | SOLE |  | 0 | 0 | 9197 |
| COPART INC | COM | 217204106 |  | 1146512 | 15340 | SH |  | SOLE |  | 0 | 0 | 15340 |
| COSTAR GROUP INC | COM | 22160N109 |  | 202786 | 366 | SH |  | SOLE |  | 0 | 0 | 366 |
| COVETRUS INC | COM | 22304C100 |  | 275738 | 11273 | SH |  | SOLE |  | 0 | 0 | 11273 |
| CREDICORP LTD | COM | G2519Y108 |  | 648798 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| CVS HEALTH CORP | COM | 126650100 |  | 13294703 | 243984 | SH |  | SOLE |  | 0 | 0 | 243984 |
| DANAHER CORPORATION | COM | 235851102 |  | 583518 | 4083 | SH |  | SOLE |  | 0 | 0 | 4083 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 931541 | 15962 | SH |  | SOLE |  | 0 | 0 | 15962 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 560096 | 4011 | SH |  | SOLE |  | 0 | 0 | 4011 |
| DONALDSON INC | COM | 257651109 |  | 647586 | 12733 | SH |  | SOLE |  | 0 | 0 | 12733 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 272182 | 7264 | SH |  | SOLE |  | 0 | 0 | 7264 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 484453 | 5490 | SH |  | SOLE |  | 0 | 0 | 5490 |
| EASTGROUP PPTY INC | COM | 277276101 |  | 256200 | 2209 | SH |  | SOLE |  | 0 | 0 | 2209 |
| EATON CORP PLC | SHS | G29183103 |  | 497534 | 5974 | SH |  | SOLE |  | 0 | 0 | 5974 |
| EMBRAER S A | SPONSORED ADS | 29082A107 |  | 210520 | 10458 | SH |  | SOLE |  | 0 | 0 | 10458 |
| EMERSON ELEC CO | COM | 291011104 |  | 233520 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| ENBRIDGE INC | COM | 29250N105 |  | 519949 | 14411 | SH |  | SOLE |  | 0 | 0 | 14411 |
| ENERPLUS CORP | COM | 292766102 |  | 107039 | 14215 | SH |  | SOLE |  | 0 | 0 | 14215 |
| ESCO TECHNOLOGIES INC | COM | 296315104 |  | 223487 | 2705 | SH |  | SOLE |  | 0 | 0 | 2705 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 343873 | 7318 | SH |  | SOLE |  | 0 | 0 | 7318 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 279069 | 4220 | SH |  | SOLE |  | 0 | 0 | 4220 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 14732227 | 192251 | SH |  | SOLE |  | 0 | 0 | 192251 |
| FACEBOOK INC | CL A | 30303M102 |  | 59363519 | 307583 | SH |  | SOLE |  | 0 | 0 | 307583 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 1155245 | 4031 | SH |  | SOLE |  | 0 | 0 | 4031 |
| FAIR ISAAC CORP | COM | 303250104 |  | 1442294 | 4593 | SH |  | SOLE |  | 0 | 0 | 4593 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 254633 | 9519 | SH |  | SOLE |  | 0 | 0 | 9519 |
| FEDEX CORP | COM | 31428X106 |  | 11269505 | 68637 | SH |  | SOLE |  | 0 | 0 | 68637 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 518211 | 4224 | SH |  | SOLE |  | 0 | 0 | 4224 |
| FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 |  | 292450 | 7960 | SH |  | SOLE |  | 0 | 0 | 7960 |
| FIRSTENERGY CORP | COM | 337932107 |  | 366454 | 8560 | SH |  | SOLE |  | 0 | 0 | 8560 |
| FISERV INC | COM | 337738108 |  | 446228 | 4895 | SH |  | SOLE |  | 0 | 0 | 4895 |
| FIVE BELOW INC | COM | 33829M101 |  | 220477 | 1837 | SH |  | SOLE |  | 0 | 0 | 1837 |
| FLIR SYS INC | COM | 302445101 |  | 1240579 | 22931 | SH |  | SOLE |  | 0 | 0 | 22931 |
| FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 |  | 329786 | 3409 | SH |  | SOLE |  | 0 | 0 | 3409 |
| FRESENIUS MED CARE AG KGA | SPONSORED ADR | 358029106 |  | 382705 | 9743 | SH |  | SOLE |  | 0 | 0 | 9743 |
| FRONTDOOR INC | COM | 35905A109 |  | 792958 | 18208 | SH |  | SOLE |  | 0 | 0 | 18208 |
| GARTNER INC | COM | 366651107 |  | 1311339 | 8148 | SH |  | SOLE |  | 0 | 0 | 8148 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 473344 | 12599 | SH |  | SOLE |  | 0 | 0 | 12599 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 25845662 | 142150 | SH |  | SOLE |  | 0 | 0 | 142150 |
| GENERAL MTRS CO | COM | 37045V100 |  | 4046605 | 105025 | SH |  | SOLE |  | 0 | 0 | 105025 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 422451 | 10556 | SH |  | SOLE |  | 0 | 0 | 10556 |
| GOLAR LNG LTD BERMUDA | SHS | G9456A100 |  | 340956 | 18450 | SH |  | SOLE |  | 0 | 0 | 18450 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 355450 | 1737 | SH |  | SOLE |  | 0 | 0 | 1737 |
| GRACO INC | COM | 384109104 |  | 858681 | 17112 | SH |  | SOLE |  | 0 | 0 | 17112 |
| GRANITE CONSTR INC | COM | 387328107 |  | 205729 | 4270 | SH |  | SOLE |  | 0 | 0 | 4270 |
| GREAT WESTN BANCORP INC | COM | 391416104 |  | 224679 | 6290 | SH |  | SOLE |  | 0 | 0 | 6290 |
| HARRIS CORP DEL | COM | 413875105 |  | 356321 | 1884 | SH |  | SOLE |  | 0 | 0 | 1884 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 1865122 | 14343 | SH |  | SOLE |  | 0 | 0 | 14343 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 918165 | 6856 | SH |  | SOLE |  | 0 | 0 | 6856 |
| HENRY SCHEIN INC | COM | 806407102 |  | 1969992 | 28183 | SH |  | SOLE |  | 0 | 0 | 28183 |
| HOME DEPOT INC | COM | 437076102 |  | 25357431 | 121928 | SH |  | SOLE |  | 0 | 0 | 121928 |
| HONEYWELL INTL INC | COM | 438516106 |  | 24141783 | 138277 | SH |  | SOLE |  | 0 | 0 | 138277 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 2135894 | 23366 | SH |  | SOLE |  | 0 | 0 | 23366 |
| ICICI BK LTD | ADR | 45104G104 |  | 427099 | 33924 | SH |  | SOLE |  | 0 | 0 | 33924 |
| ICON PLC | SHS | G4705A100 |  | 500556 | 3251 | SH |  | SOLE |  | 0 | 0 | 3251 |
| IDEX CORP | COM | 45167R104 |  | 1314760 | 7638 | SH |  | SOLE |  | 0 | 0 | 7638 |
| II VI INC | COM | 902104108 |  | 223820 | 6122 | SH |  | SOLE |  | 0 | 0 | 6122 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 486006 | 3223 | SH |  | SOLE |  | 0 | 0 | 3223 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 405713 | 37917 | SH |  | SOLE |  | 0 | 0 | 37917 |
| ING GROEP N V | SPONSORED ADR | 456837103 |  | 183142 | 15829 | SH |  | SOLE |  | 0 | 0 | 15829 |
| INGERSOLL-RAND PLC | SHS | G47791101 |  | 519203 | 4099 | SH |  | SOLE |  | 0 | 0 | 4099 |
| INTEL CORP | COM | 458140100 |  | 11733922 | 245121 | SH |  | SOLE |  | 0 | 0 | 245121 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 390960 | 4549 | SH |  | SOLE |  | 0 | 0 | 4549 |
| INTERXION HOLDING N.V | SHS | N47279109 |  | 748954 | 9843 | SH |  | SOLE |  | 0 | 0 | 9843 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 359317 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 3312000 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 746960 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 300190 | 5500 | SH |  | SOLE |  | 0 | 0 | 5500 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 5797386 | 88200 | SH |  | SOLE |  | 0 | 0 | 88200 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 334998 | 7807 | SH |  | SOLE |  | 0 | 0 | 7807 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 995600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| ISHARES TR | USA QUALITY FCTR | 46432F339 |  | 1006170 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| ITAU UNIBANCO HLDG SA | SPON ADR REP PFD | 465562106 |  | 320419 | 34015 | SH |  | SOLE |  | 0 | 0 | 34015 |
| J  J SNACK FOODS CORP | COM | 466032109 |  | 231768 | 1440 | SH |  | SOLE |  | 0 | 0 | 1440 |
| J2 GLOBAL INC | COM | 48123V102 |  | 284448 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| JACK IN THE BOX INC | COM | 466367109 |  | 218125 | 2680 | SH |  | SOLE |  | 0 | 0 | 2680 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 875978 | 6289 | SH |  | SOLE |  | 0 | 0 | 6289 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 363969 | 8811 | SH |  | SOLE |  | 0 | 0 | 8811 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 980859 | 6972 | SH |  | SOLE |  | 0 | 0 | 6972 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 38487041 | 344249 | SH |  | SOLE |  | 0 | 0 | 344249 |
| KADANT INC | COM | 48282T104 |  | 228387 | 2515 | SH |  | SOLE |  | 0 | 0 | 2515 |
| KAISER ALUMINUM CORP | COM PAR $0.01 | 483007704 |  | 219134 | 2245 | SH |  | SOLE |  | 0 | 0 | 2245 |
| KEANE GROUP INC | COM | 48669A108 |  | 74928 | 11150 | SH |  | SOLE |  | 0 | 0 | 11150 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 412699 | 3096 | SH |  | SOLE |  | 0 | 0 | 3096 |
| KIRBY CORP | COM | 497266106 |  | 1635142 | 20698 | SH |  | SOLE |  | 0 | 0 | 20698 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 227574 | 15041 | SH |  | SOLE |  | 0 | 0 | 15041 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 406198 | 12830 | SH |  | SOLE |  | 0 | 0 | 12830 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1160896 | 37400 | SH |  | SOLE |  | 0 | 0 | 37400 |
| LANDSTAR SYS INC | COM | 515098101 |  | 1255112 | 11622 | SH |  | SOLE |  | 0 | 0 | 11622 |
| LEAR CORP | COM NEW | 521865204 |  | 205145 | 1473 | SH |  | SOLE |  | 0 | 0 | 1473 |
| LENDINGTREE INC NEW | COM | 52603B107 |  | 207915 | 495 | SH |  | SOLE |  | 0 | 0 | 495 |
| LENNOX INTL INC | COM | 526107107 |  | 2244597 | 8162 | SH |  | SOLE |  | 0 | 0 | 8162 |
| LILLY ELI  CO | COM | 532457108 |  | 14483143 | 130726 | SH |  | SOLE |  | 0 | 0 | 130726 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 315104 | 867 | SH |  | SOLE |  | 0 | 0 | 867 |
| LOGITECH INTL S A | SHS | H50430232 |  | 404836 | 10182 | SH |  | SOLE |  | 0 | 0 | 10182 |
| MADDEN STEVEN LTD | COM | 556269108 |  | 318621 | 9385 | SH |  | SOLE |  | 0 | 0 | 9385 |
| MANHATTAN ASSOCS INC | COM | 562750109 |  | 1709400 | 24656 | SH |  | SOLE |  | 0 | 0 | 24656 |
| MARATHON PETE CORP | COM | 56585A102 |  | 4000409 | 71589 | SH |  | SOLE |  | 0 | 0 | 71589 |
| MARKEL CORP | COM | 570535104 |  | 1489483 | 1367 | SH |  | SOLE |  | 0 | 0 | 1367 |
| MASTERCARD INC | CL A | 57636Q104 |  | 789193 | 2983 | SH |  | SOLE |  | 0 | 0 | 2983 |
| MCDONALDS CORP | COM | 580135101 |  | 26786979 | 128994 | SH |  | SOLE |  | 0 | 0 | 128994 |
| MCKESSON CORP | COM | 58155Q103 |  | 233204 | 1735 | SH |  | SOLE |  | 0 | 0 | 1735 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1162236 | 11934 | SH |  | SOLE |  | 0 | 0 | 11934 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 211962 | 346 | SH |  | SOLE |  | 0 | 0 | 346 |
| MERCK  CO INC | COM | 58933Y105 |  | 827008 | 9863 | SH |  | SOLE |  | 0 | 0 | 9863 |
| MERIT MED SYS INC | COM | 589889104 |  | 244017 | 4097 | SH |  | SOLE |  | 0 | 0 | 4097 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 291971 | 22220 | SH |  | SOLE |  | 0 | 0 | 22220 |
| MICROSOFT CORP | COM | 594918104 |  | 25717711 | 191981 | SH |  | SOLE |  | 0 | 0 | 191981 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 207624 | 3880 | SH |  | SOLE |  | 0 | 0 | 3880 |
| MOMO INC | ADR | 60879B107 |  | 256722 | 7171 | SH |  | SOLE |  | 0 | 0 | 7171 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 13458830 | 249700 | SH |  | SOLE |  | 0 | 0 | 249700 |
| MORNINGSTAR INC | COM | 617700109 |  | 962729 | 6656 | SH |  | SOLE |  | 0 | 0 | 6656 |
| NASDAQ INC | COM | 631103108 |  | 308093 | 3204 | SH |  | SOLE |  | 0 | 0 | 3204 |
| NATERA INC | COM | 632307104 |  | 223343 | 8098 | SH |  | SOLE |  | 0 | 0 | 8098 |
| NEENAH INC | COM | 640079109 |  | 238857 | 3536 | SH |  | SOLE |  | 0 | 0 | 3536 |
| NETEASE INC | SPONSORED ADR | 64110W102 |  | 406860 | 1591 | SH |  | SOLE |  | 0 | 0 | 1591 |
| NETFLIX INC | COM | 64110L106 |  | 339771 | 925 | SH |  | SOLE |  | 0 | 0 | 925 |
| NIKE INC | CL B | 654106103 |  | 242964 | 2894 | SH |  | SOLE |  | 0 | 0 | 2894 |
| NORDSON CORP | COM | 655663102 |  | 1129932 | 7996 | SH |  | SOLE |  | 0 | 0 | 7996 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 365307 | 1131 | SH |  | SOLE |  | 0 | 0 | 1131 |
| NORTHWESTERN CORP | COM NEW | 668074305 |  | 346104 | 4797 | SH |  | SOLE |  | 0 | 0 | 4797 |
| NOVARTIS A G | SPONSORED ADR | 66987V109 |  | 598670 | 6556 | SH |  | SOLE |  | 0 | 0 | 6556 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 6196820 | 123246 | SH |  | SOLE |  | 0 | 0 | 123246 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 190370 | 11475 | SH |  | SOLE |  | 0 | 0 | 11475 |
| OPEN TEXT CORP | COM | 683715106 |  | 561886 | 13638 | SH |  | SOLE |  | 0 | 0 | 13638 |
| ORACLE CORP | COM | 68389X105 |  | 17265824 | 303069 | SH |  | SOLE |  | 0 | 0 | 303069 |
| P T TELEKOMUNIKASI INDONESIA | SPONSORED ADR | 715684106 |  | 267806 | 9159 | SH |  | SOLE |  | 0 | 0 | 9159 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 478903 | 12289 | SH |  | SOLE |  | 0 | 0 | 12289 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 381495 | 3333 | SH |  | SOLE |  | 0 | 0 | 3333 |
| PEPSICO INC | COM | 713448108 |  | 17381567 | 132552 | SH |  | SOLE |  | 0 | 0 | 132552 |
| PFIZER INC | COM | 717081103 |  | 27667622 | 638681 | SH |  | SOLE |  | 0 | 0 | 638681 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 495511 | 6310 | SH |  | SOLE |  | 0 | 0 | 6310 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 385720 | 2810 | SH |  | SOLE |  | 0 | 0 | 2810 |
| POOL CORPORATION | COM | 73278L105 |  | 628199 | 3289 | SH |  | SOLE |  | 0 | 0 | 3289 |
| PPG INDS INC | COM | 693506107 |  | 568333 | 4870 | SH |  | SOLE |  | 0 | 0 | 4870 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 839033 | 12703 | SH |  | SOLE |  | 0 | 0 | 12703 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 1081611 | 24683 | SH |  | SOLE |  | 0 | 0 | 24683 |
| Q2 HLDGS INC | COM | 74736L109 |  | 359961 | 4714 | SH |  | SOLE |  | 0 | 0 | 4714 |
| QUAKER CHEM CORP | COM | 747316107 |  | 203692 | 1004 | SH |  | SOLE |  | 0 | 0 | 1004 |
| QUIDEL CORP | COM | 74838J101 |  | 219187 | 3695 | SH |  | SOLE |  | 0 | 0 | 3695 |
| RAPID7 INC | COM | 753422104 |  | 217305 | 3757 | SH |  | SOLE |  | 0 | 0 | 3757 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 428988 | 17574 | SH |  | SOLE |  | 0 | 0 | 17574 |
| REPLIGEN CORP | COM | 759916109 |  | 307529 | 3578 | SH |  | SOLE |  | 0 | 0 | 3578 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 605624 | 9715 | SH |  | SOLE |  | 0 | 0 | 9715 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 506658 | 7707 | SH |  | SOLE |  | 0 | 0 | 7707 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 |  | 704067 | 10821 | SH |  | SOLE |  | 0 | 0 | 10821 |
| RPM INTL INC | COM | 749685103 |  | 995078 | 16283 | SH |  | SOLE |  | 0 | 0 | 16283 |
| RPT REALTY | SH BEN INT | 74971D101 |  | 238034 | 19656 | SH |  | SOLE |  | 0 | 0 | 19656 |
| RYANAIR HLDGS PLC | SPONSORED ADS | 783513203 |  | 311464 | 4856 | SH |  | SOLE |  | 0 | 0 | 4856 |
| SALESFORCE COM INC | COM | 79466L302 |  | 37017265 | 243968 | SH |  | SOLE |  | 0 | 0 | 243968 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 784726 | 58825 | SH |  | SOLE |  | 0 | 0 | 58825 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 414700 | 9584 | SH |  | SOLE |  | 0 | 0 | 9584 |
| SAP SE | SPON ADR | 803054204 |  | 1209839 | 8844 | SH |  | SOLE |  | 0 | 0 | 8844 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 294380 | 7408 | SH |  | SOLE |  | 0 | 0 | 7408 |
| SEI INVESTMENTS CO | COM | 784117103 |  | 1596782 | 28463 | SH |  | SOLE |  | 0 | 0 | 28463 |
| SELECTIVE INS GROUP INC | COM | 816300107 |  | 267582 | 3573 | SH |  | SOLE |  | 0 | 0 | 3573 |
| SEMTECH CORP | COM | 816850101 |  | 225595 | 4695 | SH |  | SOLE |  | 0 | 0 | 4695 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 945982 | 12874 | SH |  | SOLE |  | 0 | 0 | 12874 |
| SERVICE CORP INTL | COM | 817565104 |  | 801094 | 17125 | SH |  | SOLE |  | 0 | 0 | 17125 |
| SERVICEMASTER GLOBAL HLDGS I | COM | 81761R109 |  | 2632472 | 50537 | SH |  | SOLE |  | 0 | 0 | 50537 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 259983 | 567 | SH |  | SOLE |  | 0 | 0 | 567 |
| SHINHAN FINANCIAL GROUP CO L | SPN ADR RESTRD | 824596100 |  | 360802 | 9280 | SH |  | SOLE |  | 0 | 0 | 9280 |
| SK TELECOM LTD | SPONSORED ADR | 78440P108 |  | 516993 | 20889 | SH |  | SOLE |  | 0 | 0 | 20889 |
| SONY CORP | SPONSORED ADR | 835699307 |  | 248171 | 4737 | SH |  | SOLE |  | 0 | 0 | 4737 |
| SOUTH JERSEY INDS INC | COM | 838518108 |  | 254095 | 7533 | SH |  | SOLE |  | 0 | 0 | 7533 |
| SPDR DOW JONES INDL AVRG ETF | UT SER 1 | 78467X109 |  | 3190200 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9053700 | 30900 | SH |  | SOLE |  | 0 | 0 | 30900 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 26647439 | 75150 | SH |  | SOLE |  | 0 | 0 | 75150 |
| SPECTRUM PHARMACEUTICALS INC | COM | 84763A108 |  | 86556 | 10053 | SH |  | SOLE |  | 0 | 0 | 10053 |
| SPIRE INC | COM | 84857L101 |  | 320724 | 3822 | SH |  | SOLE |  | 0 | 0 | 3822 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 247862 | 1714 | SH |  | SOLE |  | 0 | 0 | 1714 |
| STARBUCKS CORP | COM | 855244109 |  | 27693493 | 330353 | SH |  | SOLE |  | 0 | 0 | 330353 |
| STATE STR CORP | COM | 857477103 |  | 263030 | 4692 | SH |  | SOLE |  | 0 | 0 | 4692 |
| STIFEL FINL CORP | COM | 860630102 |  | 280003 | 4741 | SH |  | SOLE |  | 0 | 0 | 4741 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 334698 | 47408 | SH |  | SOLE |  | 0 | 0 | 47408 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 329674 | 10580 | SH |  | SOLE |  | 0 | 0 | 10580 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1794587 | 45815 | SH |  | SOLE |  | 0 | 0 | 45815 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 |  | 438270 | 24761 | SH |  | SOLE |  | 0 | 0 | 24761 |
| TATA MTRS LTD | SPONSORED ADR | 876568502 |  | 192440 | 16476 | SH |  | SOLE |  | 0 | 0 | 16476 |
| TELEFLEX INC | COM | 879369106 |  | 3931718 | 11873 | SH |  | SOLE |  | 0 | 0 | 11873 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 311294 | 3963 | SH |  | SOLE |  | 0 | 0 | 3963 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1006536 | 8771 | SH |  | SOLE |  | 0 | 0 | 8771 |
| THE CHARLES SCHWAB CORPORATI | COM | 808513105 |  | 201645 | 5017 | SH |  | SOLE |  | 0 | 0 | 5017 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 24573643 | 83675 | SH |  | SOLE |  | 0 | 0 | 83675 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 426484 | 27044 | SH |  | SOLE |  | 0 | 0 | 27044 |
| TRANSUNION | COM | 89400J107 |  | 2949004 | 40117 | SH |  | SOLE |  | 0 | 0 | 40117 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 460087 | 3077 | SH |  | SOLE |  | 0 | 0 | 3077 |
| TRIMBLE INC | COM | 896239100 |  | 849737 | 18837 | SH |  | SOLE |  | 0 | 0 | 18837 |
| ULTRAPAR PARTICIPACOES S A | SP ADR REP COM | 90400P101 |  | 216695 | 41354 | SH |  | SOLE |  | 0 | 0 | 41354 |
| UMPQUA HLDGS CORP | COM | 904214103 |  | 861334 | 51919 | SH |  | SOLE |  | 0 | 0 | 51919 |
| UNILEVER N V | N Y SHS NEW | 904784709 |  | 425778 | 7012 | SH |  | SOLE |  | 0 | 0 | 7012 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 446018 | 7197 | SH |  | SOLE |  | 0 | 0 | 7197 |
| UNION PACIFIC CORP | COM | 907818108 |  | 37213681 | 220056 | SH |  | SOLE |  | 0 | 0 | 220056 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 32218488 | 247454 | SH |  | SOLE |  | 0 | 0 | 247454 |
| US BANCORP DEL | COM NEW | 902973304 |  | 553369 | 10560 | SH |  | SOLE |  | 0 | 0 | 10560 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 166497 | 15445 | SH |  | SOLE |  | 0 | 0 | 15445 |
| VANGUARD GROUP | DIV APP ETF | 921908844 |  | 3107938 | 26988 | SH |  | SOLE |  | 0 | 0 | 26988 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 13104431 | 257000 | SH |  | SOLE |  | 0 | 0 | 257000 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 24380987 | 573266 | SH |  | SOLE |  | 0 | 0 | 573266 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 747762 | 5493 | SH |  | SOLE |  | 0 | 0 | 5493 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 14698588 | 257283 | SH |  | SOLE |  | 0 | 0 | 257283 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 122037 | 14141 | SH |  | SOLE |  | 0 | 0 | 14141 |
| WALMART INC | COM | 931142103 |  | 9634180 | 87195 | SH |  | SOLE |  | 0 | 0 | 87195 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 558960 | 11812 | SH |  | SOLE |  | 0 | 0 | 11812 |
| WESTAMERICA BANCORPORATION | COM | 957090103 |  | 670744 | 10887 | SH |  | SOLE |  | 0 | 0 | 10887 |
| WEX INC | COM | 96208T104 |  | 2340709 | 11248 | SH |  | SOLE |  | 0 | 0 | 11248 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 6331000 | 130000 | SH |  | SOLE |  | 0 | 0 | 130000 |
| WNS HOLDINGS LTD | SPON ADR | 92932M101 |  | 291560 | 4925 | SH |  | SOLE |  | 0 | 0 | 4925 |
| WOORI FINANCIAL GROUP INC | SPONSORED ADS | 981064108 |  | 288362 | 7853 | SH |  | SOLE |  | 0 | 0 | 7853 |
| WRIGHT MED GROUP N V | ORD SHS | N96617118 |  | 239127 | 8019 | SH |  | SOLE |  | 0 | 0 | 8019 |
| WSFS FINL CORP | COM | 929328102 |  | 202364 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| XCEL ENERGY INC | COM | 98389B100 |  | 451949 | 7597 | SH |  | SOLE |  | 0 | 0 | 7597 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 475000 | 12500 | SH |  | SOLE |  | 0 | 0 | 12500 |
| ZOETIS INC | CL A | 98978V103 |  | 223461 | 1969 | SH |  | SOLE |  | 0 | 0 | 1969 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 |  | 299993 | 15690 | SH |  | SOLE |  | 0 | 0 | 15690 |

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