# EDGAR Filing Document

**Accession Number:** 0001727827
**File Stem:** 0001727827-25-000011
**Filing Date:** 2025-11
**Character Count:** 43894
**Document Hash:** edb8343352e9a34da55aa17ba32db7ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001727827-25-000011.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001727827-25-000011

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blueshift Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001727827

**ORGANIZATION NAME:**
- **EIN:** 320544343
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19138
- **FILM NUMBER:** 251477186

**BUSINESS ADDRESS:**
- **STREET 1:** 151 BODMAN PLACE, SUITE 301
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701
- **BUSINESS PHONE:** 7324508401

**MAIL ADDRESS:**
- **STREET 1:** 151 BODMAN PLACE, SUITE 301
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Blueshift Asset Management LLC<br>**Address:** 151 BODMAN PLACE SUITE 301<br>RED BANK, NJ 07701

**Form 13F File Number:** 028-19138

**CRD Number (if applicable):** 000290637

**SEC File Number (if applicable):** 801-112122

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:** Dmitry Sarkisov<br>**Title:** Chief Compliance Officer<br>**Phone:** (732) 450-7467

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

Dmitry Sarkisov  Red Bank, NJ  11-13-2025<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:** 426

**Form 13F Information Table Value Total:** $324579642

      (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 |
| AMCOR PLC | ORD | G0250X107 |  | 110160 | 13467 | SH |  | SOLE |  | 13467 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 1245266 | 35835 | SH |  | SOLE |  | 35835 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 |  | 610629 | 6374 | SH |  | SOLE |  | 6374 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 795778 | 3227 | SH |  | SOLE |  | 3227 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 514295 | 3532 | SH |  | SOLE |  | 3532 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 1213866 | 4779 | SH |  | SOLE |  | 4779 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 431074 | 71607 | SH |  | SOLE |  | 71607 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 281692 | 2562 | SH |  | SOLE |  | 2562 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 836100 | 51803 | SH |  | SOLE |  | 51803 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 1328050 | 53920 | SH |  | SOLE |  | 53920 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 400122 | 1695 | SH |  | SOLE |  | 1695 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 1400468 | 13577 | SH |  | SOLE |  | 13577 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 280409 | 6587 | SH |  | SOLE |  | 6587 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 199888 | 10638 | SH |  | SOLE |  | 10638 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 283138 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 848228 | 3445 | SH |  | SOLE |  | 3445 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 721940 | 17047 | SH |  | SOLE |  | 17047 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 120682 | 38680 | SH |  | SOLE |  | 38680 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 288274 | 413 | SH |  | SOLE |  | 413 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 256703 | 5673 | SH |  | SOLE |  | 5673 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 849273 | 34792 | SH |  | SOLE |  | 34792 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 476671 | 2461 | SH |  | SOLE |  | 2461 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 274058 | 4399 | SH |  | SOLE |  | 4399 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 533956 | 3006 | SH |  | SOLE |  | 3006 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 132685 | 12229 | SH |  | SOLE |  | 12229 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 441550 | 910 | SH |  | SOLE |  | 910 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 256183 | 2737 | SH |  | SOLE |  | 2737 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 261776 | 809 | SH |  | SOLE |  | 809 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 1310315 | 150438 | SH |  | SOLE |  | 150438 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 1053554 | 9432 | SH |  | SOLE |  | 9432 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 572717 | 5349 | SH |  | SOLE |  | 5349 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 290289 | 8446 | SH |  | SOLE |  | 8446 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 524614 | 18577 | SH |  | SOLE |  | 18577 | 0 | 0 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 791667 | 15827 | SH |  | SOLE |  | 15827 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 284641 | 5394 | SH |  | SOLE |  | 5394 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 796574 | 2313 | SH |  | SOLE |  | 2313 | 0 | 0 |
| ACUSHNET HLDGS CORP | COM | 005098108 |  | 1882661 | 23986 | SH |  | SOLE |  | 23986 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 598970 | 1698 | SH |  | SOLE |  | 1698 | 0 | 0 |
| AEGON LTD | AMER REG 1 CERT | 0076CA104 |  | 323132 | 40442 | SH |  | SOLE |  | 40442 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 218902 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 1922150 | 26302 | SH |  | SOLE |  | 26302 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 211136 | 1645 | SH |  | SOLE |  | 1645 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 304588 | 1807 | SH |  | SOLE |  | 1807 | 0 | 0 |
| AGILON HEALTH INC | COM | 00857U107 |  | 29045 | 28199 | SH |  | SOLE |  | 28199 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 579902 | 4776 | SH |  | SOLE |  | 4776 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 275174 | 1009 | SH |  | SOLE |  | 1009 | 0 | 0 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 |  | 474800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ALAMO GROUP INC | COM | 011311107 |  | 333884 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| ALARM COM HLDGS INC | COM | 011642105 |  | 208817 | 3934 | SH |  | SOLE |  | 3934 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 488608 | 3902 | SH |  | SOLE |  | 3902 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 41764 | 12811 | SH |  | SOLE |  | 12811 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 274968 | 603 | SH |  | SOLE |  | 603 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2130042 | 8762 | SH |  | SOLE |  | 8762 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 486372 | 4357 | SH |  | SOLE |  | 4357 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1537649 | 7003 | SH |  | SOLE |  | 7003 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 846293 | 75293 | SH |  | SOLE |  | 75293 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1162560 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 233107 | 2968 | SH |  | SOLE |  | 2968 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 652781 | 5275 | SH |  | SOLE |  | 5275 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1340948 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1361886 | 10219 | SH |  | SOLE |  | 10219 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 753379 | 2733 | SH |  | SOLE |  | 2733 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 326181 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 281934 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 464895 | 647 | SH |  | SOLE |  | 647 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 440337 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 247820 | 336 | SH |  | SOLE |  | 336 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 343679 | 32331 | SH |  | SOLE |  | 32331 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 297904 | 3883 | SH |  | SOLE |  | 3883 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 1616962 | 10125 | SH |  | SOLE |  | 10125 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 168351 | 31234 | SH |  | SOLE |  | 31234 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 289715 | 912 | SH |  | SOLE |  | 912 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 926692 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 648518 | 3999 | SH |  | SOLE |  | 3999 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 381784 | 532 | SH |  | SOLE |  | 532 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 1092533 | 42412 | SH |  | SOLE |  | 42412 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 246622 | 10831 | SH |  | SOLE |  | 10831 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 441107 | 12135 | SH |  | SOLE |  | 12135 | 0 | 0 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 336370 | 6534 | SH |  | SOLE |  | 6534 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1392391 | 18413 | SH |  | SOLE |  | 18413 | 0 | 0 |
| BGC GROUP INC | CL A | 088929104 |  | 120142 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 405265 | 7285 | SH |  | SOLE |  | 7285 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 470856 | 7645 | SH |  | SOLE |  | 7645 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 2497433 | 348317 | SH |  | SOLE |  | 348317 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 328062 | 1520 | SH |  | SOLE |  | 1520 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 205172 | 38 | SH |  | SOLE |  | 38 | 0 | 0 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 546047 | 3295 | SH |  | SOLE |  | 3295 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 524859 | 5376 | SH |  | SOLE |  | 5376 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 423060 | 13110 | SH |  | SOLE |  | 13110 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 253156 | 4874 | SH |  | SOLE |  | 4874 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 1863930 | 17168 | SH |  | SOLE |  | 17168 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 757546 | 5980 | SH |  | SOLE |  | 5980 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 723799 | 3039 | SH |  | SOLE |  | 3039 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 253701 | 769 | SH |  | SOLE |  | 769 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 294587 | 9067 | SH |  | SOLE |  | 9067 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 475691 | 7522 | SH |  | SOLE |  | 7522 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 1109099 | 182118 | SH |  | SOLE |  | 182118 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 554046 | 2177 | SH |  | SOLE |  | 2177 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 205859 | 22597 | SH |  | SOLE |  | 22597 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 565125 | 3548 | SH |  | SOLE |  | 3548 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 393514 | 4387 | SH |  | SOLE |  | 4387 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 887522 | 3079 | SH |  | SOLE |  | 3079 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 458748 | 6085 | SH |  | SOLE |  | 6085 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 478767 | 1363 | SH |  | SOLE |  | 1363 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 2732579 | 101113 | SH |  | SOLE |  | 101113 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 396824 | 41771 | SH |  | SOLE |  | 41771 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 396676 | 12561 | SH |  | SOLE |  | 12561 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 650707 | 3061 | SH |  | SOLE |  | 3061 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 512631 | 3266 | SH |  | SOLE |  | 3266 | 0 | 0 |
| CARGURUS INC | COM CL A | 141788109 |  | 315897 | 8485 | SH |  | SOLE |  | 8485 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 343076 | 7646 | SH |  | SOLE |  | 7646 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 695860 | 2834 | SH |  | SOLE |  | 2834 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 406438 | 6808 | SH |  | SOLE |  | 6808 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 2498838 | 6624 | SH |  | SOLE |  | 6624 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 1310412 | 2318 | SH |  | SOLE |  | 2318 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 363866 | 8647 | SH |  | SOLE |  | 8647 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 244234 | 1561 | SH |  | SOLE |  | 1561 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 619261 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 576689 | 1288 | SH |  | SOLE |  | 1288 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 328211 | 8114 | SH |  | SOLE |  | 8114 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 230993 | 2636 | SH |  | SOLE |  | 2636 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 419141 | 2042 | SH |  | SOLE |  | 2042 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 20164 | 12762 | SH |  | SOLE |  | 12762 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1044104 | 8468 | SH |  | SOLE |  | 8468 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 720379 | 3357 | SH |  | SOLE |  | 3357 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 265267 | 786 | SH |  | SOLE |  | 786 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 239820 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1139164 | 36256 | SH |  | SOLE |  | 36256 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 215776 | 1143 | SH |  | SOLE |  | 1143 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1061491 | 10560 | SH |  | SOLE |  | 10560 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 595628 | 13245 | SH |  | SOLE |  | 13245 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 292381 | 1015 | SH |  | SOLE |  | 1015 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 282896 | 4183 | SH |  | SOLE |  | 4183 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 485030 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 523148 | 129492 | SH |  | SOLE |  | 129492 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 1311886 | 29775 | SH |  | SOLE |  | 29775 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 714870 | 1531 | SH |  | SOLE |  | 1531 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 4083673 | 48877 | SH |  | SOLE |  | 48877 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 237372 | 562 | SH |  | SOLE |  | 562 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 203364 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 404847 | 2042 | SH |  | SOLE |  | 2042 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 1489567 | 7825 | SH |  | SOLE |  | 7825 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 413245 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 1098825 | 60508 | SH |  | SOLE |  | 60508 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 807805 | 5698 | SH |  | SOLE |  | 5698 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 49396 | 17962 | SH |  | SOLE |  | 17962 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 252551 | 411 | SH |  | SOLE |  | 411 | 0 | 0 |
| DINE BRANDS GLOBAL INC | COM | 254423106 |  | 1127825 | 45624 | SH |  | SOLE |  | 45624 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2104968 | 18384 | SH |  | SOLE |  | 18384 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 929530 | 8994 | SH |  | SOLE |  | 8994 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 993339 | 10526 | SH |  | SOLE |  | 10526 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1132257 | 18510 | SH |  | SOLE |  | 18510 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 400195 | 927 | SH |  | SOLE |  | 927 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 328020 | 1206 | SH |  | SOLE |  | 1206 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 273268 | 1638 | SH |  | SOLE |  | 1638 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 818237 | 21878 | SH |  | SOLE |  | 21878 | 0 | 0 |
| DRIVEN BRANDS HLDGS INC | COM | 26210V102 |  | 827297 | 51353 | SH |  | SOLE |  | 51353 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 503539 | 4069 | SH |  | SOLE |  | 4069 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 718347 | 2232 | SH |  | SOLE |  | 2232 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 261432 | 3356 | SH |  | SOLE |  | 3356 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 1020159 | 19491 | SH |  | SOLE |  | 19491 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 502004 | 7962 | SH |  | SOLE |  | 7962 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 658023 | 7235 | SH |  | SOLE |  | 7235 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 604135 | 2206 | SH |  | SOLE |  | 2206 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 449316 | 8128 | SH |  | SOLE |  | 8128 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 286029 | 28689 | SH |  | SOLE |  | 28689 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 204019 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1209795 | 4716 | SH |  | SOLE |  | 4716 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 221147 | 4355 | SH |  | SOLE |  | 4355 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 952889 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 1645675 | 24788 | SH |  | SOLE |  | 24788 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 333415 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 486669 | 6841 | SH |  | SOLE |  | 6841 | 0 | 0 |
| EVGO INC | CL A COM | 30052F100 |  | 432440 | 91425 | SH |  | SOLE |  | 91425 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 777098 | 17265 | SH |  | SOLE |  | 17265 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 707208 | 963 | SH |  | SOLE |  | 963 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 507947 | 1773 | SH |  | SOLE |  | 1773 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 186125 | 21769 | SH |  | SOLE |  | 21769 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 524206 | 2223 | SH |  | SOLE |  | 2223 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 534246 | 8102 | SH |  | SOLE |  | 8102 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 313103 | 175 | SH |  | SOLE |  | 175 | 0 | 0 |
| FIRST FINL BANKSHARES INC | COM | 32020R109 |  | 288380 | 8570 | SH |  | SOLE |  | 8570 | 0 | 0 |
| FIRST WATCH RESTAURANT GROUP | COM | 33748L101 |  | 1192722 | 76261 | SH |  | SOLE |  | 76261 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 1777967 | 11493 | SH |  | SOLE |  | 11493 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 213357 | 4015 | SH |  | SOLE |  | 4015 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 469035 | 39217 | SH |  | SOLE |  | 39217 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 878867 | 13937 | SH |  | SOLE |  | 13937 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 232086 | 10034 | SH |  | SOLE |  | 10034 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 917003 | 23381 | SH |  | SOLE |  | 23381 | 0 | 0 |
| FRONTIER GROUP HLDGS INC | COM | 35909R108 |  | 122260 | 27692 | SH |  | SOLE |  | 27692 | 0 | 0 |
| G III APPAREL GROUP LTD | COM | 36237H101 |  | 555271 | 20867 | SH |  | SOLE |  | 20867 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 303352 | 1154 | SH |  | SOLE |  | 1154 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 498684 | 811 | SH |  | SOLE |  | 811 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 443275 | 2648 | SH |  | SOLE |  | 2648 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 761075 | 2530 | SH |  | SOLE |  | 2530 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 436385 | 8655 | SH |  | SOLE |  | 8655 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2171386 | 35614 | SH |  | SOLE |  | 35614 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 315007 | 35394 | SH |  | SOLE |  | 35394 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 263671 | 1927 | SH |  | SOLE |  | 1927 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 627939 | 83949 | SH |  | SOLE |  | 83949 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 454562 | 477 | SH |  | SOLE |  | 477 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 213505 | 488 | SH |  | SOLE |  | 488 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 332837 | 1448 | SH |  | SOLE |  | 1448 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 206839 | 7596 | SH |  | SOLE |  | 7596 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 360899 | 40234 | SH |  | SOLE |  | 40234 | 0 | 0 |
| HAMILTON LANE INC | CL A | 407497106 |  | 624212 | 4631 | SH |  | SOLE |  | 4631 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 403763 | 2223 | SH |  | SOLE |  | 2223 | 0 | 0 |
| HARMONY GOLD MINING CO LTD | SPONSORED ADR | 413216300 |  | 381259 | 21006 | SH |  | SOLE |  | 21006 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 511872 | 3437 | SH |  | SOLE |  | 3437 | 0 | 0 |
| HERC HLDGS INC | COM | 42704L104 |  | 239970 | 2057 | SH |  | SOLE |  | 2057 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 2940388 | 432410 | SH |  | SOLE |  | 432410 | 0 | 0 |
| HILLMAN SOLUTIONS CORP | COM | 431636109 |  | 151140 | 16464 | SH |  | SOLE |  | 16464 | 0 | 0 |
| HONDA MOTOR LTD | ADR ECH CNV IN 3 | 438128308 |  | 250250 | 8125 | SH |  | SOLE |  | 8125 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 339536 | 1613 | SH |  | SOLE |  | 1613 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 1170326 | 47305 | SH |  | SOLE |  | 47305 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 186794 | 10975 | SH |  | SOLE |  | 10975 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 341666 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 420175 | 1615 | SH |  | SOLE |  | 1615 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 473146 | 27397 | SH |  | SOLE |  | 27397 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 1133611 | 33273 | SH |  | SOLE |  | 33273 | 0 | 0 |
| ICU MED INC | COM | 44930G107 |  | 200933 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 608530 | 20130 | SH |  | SOLE |  | 20130 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 213704 | 1313 | SH |  | SOLE |  | 1313 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 510786 | 4183 | SH |  | SOLE |  | 4183 | 0 | 0 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 |  | 352251 | 3106 | SH |  | SOLE |  | 3106 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 304005 | 2111 | SH |  | SOLE |  | 2111 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 453524 | 1469 | SH |  | SOLE |  | 1469 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 203020 | 3299 | SH |  | SOLE |  | 3299 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 487033 | 1089 | SH |  | SOLE |  | 1089 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 966318 | 1415 | SH |  | SOLE |  | 1415 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 749713 | 11460 | SH |  | SOLE |  | 11460 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 18591964 | 76839 | SH |  | SOLE |  | 76839 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 405022 | 1865 | SH |  | SOLE |  | 1865 | 0 | 0 |
| JACK IN THE BOX INC | COM | 466367109 |  | 256990 | 12999 | SH |  | SOLE |  | 12999 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 234690 | 1806 | SH |  | SOLE |  | 1806 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 229865 | 14163 | SH |  | SOLE |  | 14163 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 562927 | 22653 | SH |  | SOLE |  | 22653 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 335954 | 8503 | SH |  | SOLE |  | 8503 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 2096973 | 7305 | SH |  | SOLE |  | 7305 | 0 | 0 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 225368 | 4394 | SH |  | SOLE |  | 4394 | 0 | 0 |
| LEGALZOOM COM INC | COM | 52466B103 |  | 442302 | 42611 | SH |  | SOLE |  | 42611 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 745868 | 1409 | SH |  | SOLE |  | 1409 | 0 | 0 |
| LEVI STRAUSS  CO NEW | CL A COM STK | 52736R102 |  | 1788182 | 76746 | SH |  | SOLE |  | 76746 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 679126 | 24606 | SH |  | SOLE |  | 24606 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 286888 | 376 | SH |  | SOLE |  | 376 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 1739896 | 5506 | SH |  | SOLE |  | 5506 | 0 | 0 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 |  | 94638 | 16574 | SH |  | SOLE |  | 16574 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 456866 | 2796 | SH |  | SOLE |  | 2796 | 0 | 0 |
| LIVERAMP HLDGS INC | COM | 53815P108 |  | 207160 | 7633 | SH |  | SOLE |  | 7633 | 0 | 0 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 101859 | 22436 | SH |  | SOLE |  | 22436 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 519178 | 1040 | SH |  | SOLE |  | 1040 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 294284 | 1171 | SH |  | SOLE |  | 1171 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 227217 | 1277 | SH |  | SOLE |  | 1277 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 322554 | 2591 | SH |  | SOLE |  | 2591 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 1318765 | 35875 | SH |  | SOLE |  | 35875 | 0 | 0 |
| MARQETA INC | CLASS A COM | 57142B104 |  | 92696 | 17556 | SH |  | SOLE |  | 17556 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 445784 | 2212 | SH |  | SOLE |  | 2212 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 786442 | 5330 | SH |  | SOLE |  | 5330 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1281529 | 2253 | SH |  | SOLE |  | 2253 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 2711481 | 76769 | SH |  | SOLE |  | 76769 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1140803 | 3754 | SH |  | SOLE |  | 3754 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 479073 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| MERIT MED SYS INC | COM | 589889104 |  | 703377 | 8451 | SH |  | SOLE |  | 8451 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 715713 | 8689 | SH |  | SOLE |  | 8689 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 1426424 | 4427 | SH |  | SOLE |  | 4427 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1076202 | 6432 | SH |  | SOLE |  | 6432 | 0 | 0 |
| MILLERKNOLL INC | COM | 600544100 |  | 186270 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 396171 | 3073 | SH |  | SOLE |  | 3073 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 217513 | 6272 | SH |  | SOLE |  | 6272 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 289538 | 9581 | SH |  | SOLE |  | 9581 | 0 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 1603465 | 54932 | SH |  | SOLE |  | 54932 | 0 | 0 |
| NAVIENT CORPORATION | COM | 63938C108 |  | 207139 | 15752 | SH |  | SOLE |  | 15752 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 381257 | 318 | SH |  | SOLE |  | 318 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 1010113 | 32892 | SH |  | SOLE |  | 32892 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 377579 | 2788 | SH |  | SOLE |  | 2788 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 433319 | 9365 | SH |  | SOLE |  | 9365 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 582497 | 5403 | SH |  | SOLE |  | 5403 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 206050 | 2247 | SH |  | SOLE |  | 2247 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 229894 | 1633 | SH |  | SOLE |  | 1633 | 0 | 0 |
| OLLIES BARGAIN OUTLET HLDGS | COM | 681116109 |  | 1876181 | 14612 | SH |  | SOLE |  | 14612 | 0 | 0 |
| ONE GAS INC | COM | 68235P108 |  | 256499 | 3169 | SH |  | SOLE |  | 3169 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 344688 | 6105 | SH |  | SOLE |  | 6105 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 637733 | 33689 | SH |  | SOLE |  | 33689 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 669359 | 7321 | SH |  | SOLE |  | 7321 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 213206 | 5280 | SH |  | SOLE |  | 5280 | 0 | 0 |
| OXFORD INDS INC | COM | 691497309 |  | 222119 | 5479 | SH |  | SOLE |  | 5479 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 230668 | 1148 | SH |  | SOLE |  | 1148 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 372720 | 3546 | SH |  | SOLE |  | 3546 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 296167 | 1359 | SH |  | SOLE |  | 1359 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 428664 | 11068 | SH |  | SOLE |  | 11068 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 222143 | 20049 | SH |  | SOLE |  | 20049 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 220622 | 291 | SH |  | SOLE |  | 291 | 0 | 0 |
| PATRICK INDS INC | COM | 703343103 |  | 241612 | 2336 | SH |  | SOLE |  | 2336 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2193962 | 17308 | SH |  | SOLE |  | 17308 | 0 | 0 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 1503509 | 9440 | SH |  | SOLE |  | 9440 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 345761 | 5156 | SH |  | SOLE |  | 5156 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 104030 | 17195 | SH |  | SOLE |  | 17195 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 728462 | 5187 | SH |  | SOLE |  | 5187 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 246682 | 19272 | SH |  | SOLE |  | 19272 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 589424 | 46558 | SH |  | SOLE |  | 46558 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 494219 | 12137 | SH |  | SOLE |  | 12137 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 808644 | 9019 | SH |  | SOLE |  | 9019 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 1336824 | 41555 | SH |  | SOLE |  | 41555 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 338158 | 29637 | SH |  | SOLE |  | 29637 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 1162949 | 20006 | SH |  | SOLE |  | 20006 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 225111 | 726 | SH |  | SOLE |  | 726 | 0 | 0 |
| PORTILLOS INC | COM CL A | 73642K106 |  | 1274488 | 197595 | SH |  | SOLE |  | 197595 | 0 | 0 |
| PRICESMART INC | COM | 741511109 |  | 518451 | 4278 | SH |  | SOLE |  | 4278 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 737831 | 33386 | SH |  | SOLE |  | 33386 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 349093 | 2272 | SH |  | SOLE |  | 2272 | 0 | 0 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 417467 | 9503 | SH |  | SOLE |  | 9503 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 287697 | 1165 | SH |  | SOLE |  | 1165 | 0 | 0 |
| PROGYNY INC | COM | 74340E103 |  | 319249 | 14835 | SH |  | SOLE |  | 14835 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 415997 | 4010 | SH |  | SOLE |  | 4010 | 0 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 1079220 | 87599 | SH |  | SOLE |  | 87599 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 604710 | 3173 | SH |  | SOLE |  | 3173 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 383582 | 3254 | SH |  | SOLE |  | 3254 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 249907 | 797 | SH |  | SOLE |  | 797 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 353401 | 2112 | SH |  | SOLE |  | 2112 | 0 | 0 |
| RED ROCK RESORTS INC | CL A | 75700L108 |  | 706953 | 11578 | SH |  | SOLE |  | 11578 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 344105 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| RELIANCE INC | COM | 759509102 |  | 719206 | 2561 | SH |  | SOLE |  | 2561 | 0 | 0 |
| REMITLY GLOBAL INC | COM | 75960P104 |  | 785790 | 48208 | SH |  | SOLE |  | 48208 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1246306 | 5431 | SH |  | SOLE |  | 5431 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 248821 | 909 | SH |  | SOLE |  | 909 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 2023681 | 31551 | SH |  | SOLE |  | 31551 | 0 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 1556706 | 52256 | SH |  | SOLE |  | 52256 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 576175 | 39249 | SH |  | SOLE |  | 39249 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 2354840 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 288897 | 6030 | SH |  | SOLE |  | 6030 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 606988 | 6062 | SH |  | SOLE |  | 6062 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 544071 | 1091 | SH |  | SOLE |  | 1091 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1187118 | 7790 | SH |  | SOLE |  | 7790 | 0 | 0 |
| RUSH STREET INTERACTIVE INC | COM | 782011100 |  | 504197 | 24619 | SH |  | SOLE |  | 24619 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 333860 | 5544 | SH |  | SOLE |  | 5544 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 684801 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 299520 | 3530 | SH |  | SOLE |  | 3530 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 1505986 | 54407 | SH |  | SOLE |  | 54407 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 27304720 | 40987 | SH |  | SOLE |  | 40987 | 0 | 0 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 1463930 | 89922 | SH |  | SOLE |  | 89922 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 355657 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| SAVERS VALUE VLG INC | COM | 80517M109 |  | 328256 | 24774 | SH |  | SOLE |  | 24774 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 348575 | 5252 | SH |  | SOLE |  | 5252 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 251108 | 2527 | SH |  | SOLE |  | 2527 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 372473 | 2084 | SH |  | SOLE |  | 2084 | 0 | 0 |
| SELECT MED HLDGS CORP | COM | 81619Q105 |  | 176537 | 13749 | SH |  | SOLE |  | 13749 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 687267 | 7638 | SH |  | SOLE |  | 7638 | 0 | 0 |
| SHAKE SHACK INC | CL A | 819047101 |  | 1006308 | 10750 | SH |  | SOLE |  | 10750 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2898889 | 8372 | SH |  | SOLE |  | 8372 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 366324 | 2465 | SH |  | SOLE |  | 2465 | 0 | 0 |
| SILVERCORP METALS INC | COM | 82835P103 |  | 74001 | 11709 | SH |  | SOLE |  | 11709 | 0 | 0 |
| SIMMONS 1ST NATL CORP | CL A $1 PAR | 828730200 |  | 278866 | 14547 | SH |  | SOLE |  | 14547 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 377780 | 2013 | SH |  | SOLE |  | 2013 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 1859614 | 14438 | SH |  | SOLE |  | 14438 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 448334 | 19733 | SH |  | SOLE |  | 19733 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 508030 | 5049 | SH |  | SOLE |  | 5049 | 0 | 0 |
| SKYWARD SPECIALTY INS GROUP | COM | 830940102 |  | 277703 | 5839 | SH |  | SOLE |  | 5839 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 1462241 | 6483 | SH |  | SOLE |  | 6483 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 953566 | 14106 | SH |  | SOLE |  | 14106 | 0 | 0 |
| SOUNDHOUND AI INC | CLASS A COM | 836100107 |  | 193169 | 12013 | SH |  | SOLE |  | 12013 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 903584 | 8305 | SH |  | SOLE |  | 8305 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 372190 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 377373 | 5077 | SH |  | SOLE |  | 5077 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 588813 | 4223 | SH |  | SOLE |  | 4223 | 0 | 0 |
| STITCH FIX INC | COM CL A | 860897107 |  | 114931 | 26421 | SH |  | SOLE |  | 26421 | 0 | 0 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 129875 | 10997 | SH |  | SOLE |  | 10997 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 555185 | 7814 | SH |  | SOLE |  | 7814 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 527115 | 2202 | SH |  | SOLE |  | 2202 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 342689 | 5965 | SH |  | SOLE |  | 5965 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 671219 | 2598 | SH |  | SOLE |  | 2598 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 1020587 | 64717 | SH |  | SOLE |  | 64717 | 0 | 0 |
| SOMNIGROUP INTERNATIONAL INC | COM | 88023U101 |  | 1242434 | 14733 | SH |  | SOLE |  | 14733 | 0 | 0 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 235923 | 2791 | SH |  | SOLE |  | 2791 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 610934 | 3677 | SH |  | SOLE |  | 3677 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 2092973 | 196893 | SH |  | SOLE |  | 196893 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 306533 | 632 | SH |  | SOLE |  | 632 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 1728512 | 11128 | SH |  | SOLE |  | 11128 | 0 | 0 |
| THOR INDS INC | COM | 885160101 |  | 810959 | 7821 | SH |  | SOLE |  | 7821 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 722363 | 4655 | SH |  | SOLE |  | 4655 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 2643835 | 72414 | SH |  | SOLE |  | 72414 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 958890 | 5018 | SH |  | SOLE |  | 5018 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 491641 | 4430 | SH |  | SOLE |  | 4430 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 662874 | 12829 | SH |  | SOLE |  | 12829 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 2382334 | 146515 | SH |  | SOLE |  | 146515 | 0 | 0 |
| TRUPANION INC | COM | 898202106 |  | 1140947 | 26362 | SH |  | SOLE |  | 26362 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 709738 | 7091 | SH |  | SOLE |  | 7091 | 0 | 0 |
| UMB FINL CORP | COM | 902788108 |  | 201905 | 1706 | SH |  | SOLE |  | 1706 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 567526 | 1038 | SH |  | SOLE |  | 1038 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 140384 | 28133 | SH |  | SOLE |  | 28133 | 0 | 0 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 478967 | 99165 | SH |  | SOLE |  | 99165 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 386938 | 1637 | SH |  | SOLE |  | 1637 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 249308 | 6627 | SH |  | SOLE |  | 6627 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 2277195 | 27262 | SH |  | SOLE |  | 27262 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 348451 | 365 | SH |  | SOLE |  | 365 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 246199 | 713 | SH |  | SOLE |  | 713 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 642315 | 12644 | SH |  | SOLE |  | 12644 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 2647053 | 37058 | SH |  | SOLE |  | 37058 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 580649 | 40239 | SH |  | SOLE |  | 40239 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 629391 | 4208 | SH |  | SOLE |  | 4208 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 295376 | 734 | SH |  | SOLE |  | 734 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 203625 | 1910 | SH |  | SOLE |  | 1910 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 200452 | 717 | SH |  | SOLE |  | 717 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1357659 | 30891 | SH |  | SOLE |  | 30891 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 383553 | 1525 | SH |  | SOLE |  | 1525 | 0 | 0 |
| VERONA PHARMA PLC | SPONSORED ADS | 925050106 |  | 408593 | 3829 | SH |  | SOLE |  | 3829 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 475059 | 1213 | SH |  | SOLE |  | 1213 | 0 | 0 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 1543995 | 56890 | SH |  | SOLE |  | 56890 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 373228 | 1905 | SH |  | SOLE |  | 1905 | 0 | 0 |
| WSFS FINL CORP | COM | 929328102 |  | 279196 | 5177 | SH |  | SOLE |  | 5177 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 247171 | 2157 | SH |  | SOLE |  | 2157 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 636893 | 3177 | SH |  | SOLE |  | 3177 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 1072559 | 38889 | SH |  | SOLE |  | 38889 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 313100 | 1781 | SH |  | SOLE |  | 1781 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 226130 | 1024 | SH |  | SOLE |  | 1024 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 490820 | 1214 | SH |  | SOLE |  | 1214 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 245925 | 2753 | SH |  | SOLE |  | 2753 | 0 | 0 |
| WEIS MKTS INC | COM | 948849104 |  | 293158 | 4079 | SH |  | SOLE |  | 4079 | 0 | 0 |
| WILEY JOHN  SONS INC | CL A | 968223206 |  | 664882 | 16429 | SH |  | SOLE |  | 16429 | 0 | 0 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 334868 | 15863 | SH |  | SOLE |  | 15863 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 699321 | 2905 | SH |  | SOLE |  | 2905 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 180724 | 48065 | SH |  | SOLE |  | 48065 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1866508 | 56254 | SH |  | SOLE |  | 56254 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 554952 | 3651 | SH |  | SOLE |  | 3651 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 362961 | 6415 | SH |  | SOLE |  | 6415 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 275667 | 1884 | SH |  | SOLE |  | 1884 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 841335 | 10198 | SH |  | SOLE |  | 10198 | 0 | 0 |

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