APG Asset Management N.V.

Name: APG Asset Management N.V. 13F holdings, Q3 2025
Creator: APG Asset Management N.V.
Published: 2025-11-12

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), APG Asset Management N.V. reported 528 stock positions worth $35.6 billion. Its top holding was Nvidia (NVDA) at 8.6% of the portfolio, followed by Microsoft (MSFT, 8.4%) and Apple (AAPL, 6.4%). Compared with Q2 2025, it opened 2 new positions, sold out of 13, added to 174 and reduced 225. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Jack Henry & Associates (JKHY, shares −15%).

Most Recent 13F: Q2 2026
Location: Amsterdam, P7
CIK: 0001434819
Portfolio Value: $35.6B (Q3 2025)
SEC Filing: 0001434819-25-000013 ↗ filed Nov 12, 2025

Holdings Value

Holdings 528 stocks · $35.6B


NVDA Nvidia Corp.	8.63%	19,357,272	$3.1B	Add +1.2%
MSFT Microsoft Corp.	8.38%	6,770,860	$3.0B	Add +6.8%
AAPL Apple Inc.	6.37%	10,476,806	$2.3B	Reduce -4.0%
AVGO Broadcom Inc.	4.35%	5,518,358	$1.5B	Add +10.2%
AMZN Amazon.com Inc.	4.01%	7,647,619	$1.4B	Reduce -0.3%
JPM JPMorgan Chase & Co.	2.05%	2,721,221	$730.5M	Reduce -1.0%
LLY Eli Lilly & Co.	1.59%	874,560	$567.9M	Add +0.3%
MA Mastercard Inc. Class A	1.34%	987,123	$477.9M	Add +16.0%
V Visa Inc. Class A	1.24%	1,518,083	$441.1M	Reduce -11.5%
CDNS Cadence Design SYS Inc.	1.18%	1,409,126	$421.3M	Reduce -6.2%
FERG Ferguson Enterprises Inc.	1.09%	2,029,518	$387.9M	Reduce -11.6%
ROL Rollins Inc.	1.02%	7,292,351	$364.6M	Reduce -15.4%
TMO Thermo Fisher Scientific Inc.	0.98%	848,734	$350.3M	Add +37.0%
COST Costco Wholesale Corp.	0.92%	414,954	$326.9M	Add +11.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.89%	1,197,878	$315.8M	Add +0.0%
WST West Pharmaceutical Services	0.89%	1,413,698	$315.6M	Reduce -14.8%
TYL Tyler Technologies Inc.	0.88%	705,880	$314.3M	Reduce -8.8%
BR Broadridge Financial Solutio	0.85%	1,494,390	$302.9M	Reduce -10.9%
STE Steris PLC	0.84%	1,428,053	$300.7M	Reduce -9.3%
SYK Stryker Corp.	0.83%	943,648	$296.9M	Add +47.6%
ORCL Oracle Corp.	0.78%	1,163,721	$278.5M	Add +2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.78%	6,342,298	$278.5M	Reduce -3.5%
ISRG Intuitive Surgical Inc.	0.75%	698,313	$265.8M	Add +0.3%
WMT Walmart Inc.	0.73%	2,970,262	$260.5M	Reduce -14.6%
HD Home Depot Inc.	0.71%	737,614	$254.4M	Add +0.9%
TRU Transunion	0.70%	3,504,669	$249.9M	Add +10.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.70%	1,956,339	$248.0M	Reduce -14.9%
PG The Procter & Gamble Co.	0.68%	1,860,393	$243.3M	Add +0.3%
ABBV Abbvie Inc.	0.67%	1,220,137	$240.4M	Reduce -18.5%
MSA Msa Safety Inc.	0.67%	1,641,220	$240.3M	Reduce -12.1%
LPLA LPL Financial Holdings Inc.	0.61%	767,333	$217.3M	Add +51.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.61%	1,756,903	$216.1M	Add +49.3%
PLTR Palantir Technologies Inc. Class A	0.59%	1,360,021	$211.1M	Reduce -18.9%
GE General Electric filed as GE AEROSPACE	0.59%	823,665	$210.9M	Reduce -13.0%
TSCO Tractor Supply Company	0.59%	4,329,556	$209.6M	Add +505.1%
ZBRA Zebra Technologies Corp. Class A	0.55%	781,128	$197.5M	Reduce -10.6%
UNH Unitedhealth Group Inc.	0.49%	594,155	$174.6M	Reduce -6.8%
VZ Verizon Communications Inc.	0.49%	4,628,682	$173.1M	Reduce -0.4%
IR Ingersoll-Rand Inc.	0.48%	2,433,972	$171.1M	Add +134.6%
GS Goldman Sachs Group Inc.	0.46%	244,368	$165.6M	Reduce -12.1%
ECL Ecolab Inc.	0.46%	708,186	$165.1M	Reduce -0.3%
T AT&T Inc.	0.46%	6,791,980	$163.2M	Add +0.5%
LIN Linde PLC	0.46%	401,316	$162.2M	Reduce -1.0%
APH Amphenol Corp. Class A	0.45%	1,508,857	$158.9M	Reduce -1.1%
ANET Arista Networks Inc.	0.44%	1,265,479	$156.9M	Add +65.3%
CSCO Cisco Systems Inc.	0.41%	2,482,716	$144.6M	Reduce -2.5%
AMD Advanced Micro Devices	0.38%	977,853	$134.6M	Add +2.0%
PEP Pepsico Inc.	0.37%	1,115,643	$133.3M	Reduce -0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.36%	1,312,030	$127.9M	Reduce -6.6%
NEE Nextera Energy Inc.	0.36%	1,987,891	$127.7M	Add +0.3%
MRK Merck & Co. Inc.	0.36%	1,780,828	$127.2M	Reduce -6.4%
CRM Salesforce Inc.	0.35%	624,913	$126.0M	Add +3.1%
MS Morgan Stanley	0.34%	906,266	$122.6M	Reduce -17.2%
TMUS T-Mobile US Inc.	0.33%	582,895	$118.8M	Reduce -0.1%
C Citigroup Inc.	0.33%	1,364,364	$117.9M	Reduce -16.0%
RY Royal Bank of Canada	0.32%	919,463	$115.4M	Add +0.8%
ABT Abbott Laboratories	0.32%	1,000,800	$114.1M	Add +1.3%
PGR Progressive Corp.	0.32%	541,803	$113.9M	Reduce -0.5%
UBER Uber Technologies Inc.	0.31%	1,315,253	$109.7M	Add +0.7%
INTU Intuit Inc.	0.30%	184,886	$107.5M	Add +0.7%
MCD McDonald's Corp.	0.30%	410,400	$106.1M	Add +1.4%
AMGN Amgen Inc.	0.30%	440,082	$105.7M	Reduce -0.2%
INTC Intel Corp.	0.29%	3,677,815	$105.0M	Add +51.1%
BLK BlackRock Inc.	0.29%	104,728	$103.9M	Add +0.5%
NOW ServiceNow Inc.	0.29%	131,785	$103.2M	Reduce -28.3%
AXP American Express Co.	0.28%	358,696	$101.4M	Reduce -16.9%
GILD Gilead Sciences Inc.	0.28%	1,055,571	$99.7M	Reduce -8.9%
MU Micron Technology Inc.	0.27%	677,238	$96.4M	Add +1.8%
SCHW Schwab (charles) Corp.	0.27%	1,162,602	$94.5M	Add +3.1%
TXN Texas Instruments Inc.	0.26%	598,786	$93.6M	Add +0.3%
SHOP Shopify Inc. Class A	0.26%	739,559	$93.5M	Add +1.7%
MCO Moody's Corp.	0.26%	229,004	$92.9M	Add +55.1%
SO The Southern Co.	0.26%	1,150,304	$92.8M	Reduce -1.6%
DUK Duke Energy Corp.	0.26%	872,429	$91.9M	Add +0.2%
QCOM Qualcomm Inc.	0.26%	648,301	$91.8M	Reduce -0.8%
LRCX Lam Research Corp.	0.25%	796,023	$90.7M	No change
SPGI S&P Global Inc.	0.25%	216,513	$89.7M	Reduce -15.6%
BSX Boston Scientific Corp.	0.25%	1,061,037	$88.2M	Add +5.8%
PANW Palo Alto Networks Inc.	0.25%	503,941	$87.3M	Add +10.3%
MCK McKesson Corp.	0.24%	131,939	$86.7M	Reduce -1.5%
AMAT Applied Materials Inc.	0.24%	486,400	$84.8M	Reduce -0.5%
ACN Accenture PLC Class A	0.24%	403,170	$84.6M	Add +8.1%
ADBE Adobe Inc.	0.23%	276,650	$83.1M	Reduce -2.6%
WM Waste Management Inc.	0.23%	440,575	$82.8M	Reduce -1.6%
CL Colgate-Palmolive Co.	0.23%	1,207,622	$82.2M	Reduce -2.4%
LOW Lowe's Cos Inc.	0.23%	376,529	$80.5M	Reduce -0.5%
ETN Eaton Corp. PLC	0.23%	252,029	$80.3M	Reduce -0.2%
CB Chubb Ltd.	0.22%	324,783	$78.0M	Reduce -0.7%
KLAC KLA Corp.	0.22%	84,917	$78.0M	Reduce -0.3%
NEM Newmont Corp.	0.22%	1,077,714	$77.3M	Reduce -7.8%
PFE Pfizer Inc.	0.21%	3,501,524	$75.9M	Reduce -22.8%
COF Capital One Financial Corp.	0.21%	416,935	$75.4M	Add +12.9%
UNP Union Pacific Corp.	0.20%	358,448	$72.1M	Reduce -0.3%
ADP Automatic Data Processing	0.20%	287,980	$71.9M	Reduce -0.8%
AZO AutoZone Inc.	0.20%	19,650	$71.7M	Reduce -1.4%
SNPS Synopsys Inc.	0.19%	164,485	$69.1M	Add +11.1%
DE Deere & Co.	0.19%	177,434	$69.0M	Add +2.5%
DHR Danaher Corp.	0.19%	408,682	$69.0M	Add +3.5%
MRSH Marsh & McLennan Cos	0.19%	399,436	$68.5M	Reduce -0.6%
VRTX Vertex Pharmaceuticals Inc.	0.19%	200,588	$66.9M	Reduce -0.7%
PLD Prologis Inc.	0.18%	671,641	$65.5M	Add +0.6%
MELI MercadoLibre Inc.	0.18%	32,735	$65.1M	Add +0.4%
CRWD CrowdStrike Holdings Inc. Class A	0.18%	155,783	$65.0M	Add +6.6%
MDT Medtronic PLC	0.18%	787,721	$63.8M	Add +0.8%
AEM Agnico Eagle Mines Ltd.	0.17%	425,472	$61.0M	No change
ROP Roper Technologies Inc.	0.17%	141,897	$60.2M	Reduce -2.1%
CME Cme Group Inc.	0.17%	261,065	$60.0M	Reduce -1.4%
CMCSA Comcast Corp. Class A	0.17%	2,239,853	$59.9M	Reduce -0.8%
BX Blackstone Inc.	0.17%	410,300	$59.7M	Add +1.8%
GLW Corning Inc.	0.17%	853,600	$59.6M	Reduce -0.8%
BMY Bristol-Myers Squibb Co.	0.17%	1,552,455	$59.6M	Reduce -27.3%
ADI Analog Devices Inc.	0.16%	278,700	$58.3M	Add +0.3%
WELL Welltower Inc.	0.16%	383,510	$58.1M	Add +8.7%
HCA HCA Healthcare Inc.	0.16%	159,543	$57.9M	Reduce -2.9%
SPOT Spotify Technology SA	0.16%	95,833	$56.9M	Add +2.8%
KKR KKR & Co. Inc.	0.16%	514,613	$56.9M	Add +1.1%
ORLY O'reilly Automotive Inc.	0.16%	618,253	$56.7M	Reduce -0.7%
PH Parker Hannifin Corp.	0.16%	87,595	$56.5M	No change
ICE Intercontinental Exchange Inc.	0.16%	393,636	$56.4M	Add +0.8%
CEG Constellation Energy	0.15%	194,899	$54.6M	Add +1.0%
RSG Republic Services Inc.	0.15%	278,853	$54.5M	Reduce -1.7%
USB US Bancorp	0.15%	1,309,682	$53.9M	Reduce -15.2%
TT Trane Technologies PLC	0.15%	149,212	$53.6M	No change
TEL Te Connectivity PLC	0.15%	285,092	$53.3M	Reduce -1.0%
ELV Elevance Health Inc.	0.15%	192,025	$52.8M	Reduce -1.8%
HOOD Robinhood Markets Inc. Class A	0.15%	432,700	$52.7M	Add +1.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX	0.15%	953,783	$52.5M	Add +0.2%
DASH DoorDash Inc. Class A	0.15%	226,754	$52.5M	Add +1.9%
TRV The Travelers Cos Inc.	0.15%	219,470	$52.2M	Reduce -0.8%
AMT American Tower Corp.	0.15%	318,365	$52.1M	Add +0.7%
KMB Kimberly-Clark Corp.	0.14%	483,097	$51.1M	Reduce -2.6%
FISV Fiserv Inc.	0.14%	453,486	$49.8M	Add +4.4%
CVS CVS Health Corp.	0.14%	773,455	$49.6M	Reduce -6.1%
NXPI NXP Semiconductors NV	0.14%	255,897	$49.6M	Reduce -1.3%
CTAS Cintas Corp.	0.14%	281,050	$49.1M	Reduce -0.6%
CI The Cigna Group	0.14%	196,866	$48.3M	Reduce -5.8%
SBUX Starbucks Corp.	0.13%	642,700	$46.3M	Add +1.5%
ED Consolidated Edison Inc.	0.13%	538,356	$46.1M	Reduce -0.9%
CRH CRH PLC	0.13%	448,907	$45.8M	Add +0.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.13%	409,300	$45.4M	Add +0.7%
TDG Transdigm Group Inc.	0.13%	39,981	$44.8M	No change
CAH Cardinal Health Inc.	0.13%	335,664	$44.8M	Reduce -1.8%
EQIX Equinix Inc.	0.12%	65,282	$43.5M	Add +0.5%
ALL Allstate Corp.	0.12%	233,625	$42.7M	No change
PDD PDD Holdings Inc.	0.12%	377,528	$42.5M	Reduce -7.8%
MFC Manulife Financial Corp.	0.11%	1,537,183	$40.8M	Add +0.2%
HWM Howmet Aerospace Inc.	0.11%	240,044	$40.1M	Reduce -7.8%
NKE Nike Inc. Class B	0.11%	665,300	$39.5M	No change
EMR Emerson Electric Co.	0.11%	353,527	$39.5M	Add +0.5%
COIN Coinbase Global Inc. Class A	0.11%	133,395	$38.3M	Reduce -0.4%
PYPL PayPal Holdings Inc.	0.11%	670,208	$38.3M	Add +1.5%
AON Aon PLC Class A	0.11%	124,403	$37.8M	Reduce -0.6%
SNOW Snowflake Inc.	0.11%	196,655	$37.7M	Add +0.3%
ADSK Autodesk Inc.	0.11%	139,340	$37.7M	Reduce -0.8%
CP Canadian Pacific Kansas City	0.11%	592,429	$37.6M	Add +0.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.10%	403,300	$37.4M	Add +0.7%
MRVL Marvell Technology Inc.	0.10%	518,838	$37.1M	Add +0.5%
REGN Regeneron Pharmaceuticals	0.10%	77,451	$37.1M	Reduce -0.0%
ITW Illinois Tool Works	0.10%	165,000	$36.6M	No change
VRT Vertiv Holdings Co. Class A	0.10%	284,091	$36.5M	Add +18.1%
MET Metlife Inc.	0.10%	519,699	$36.4M	Reduce -1.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO	0.10%	530,200	$36.1M	Add +0.3%
AFL Aflac Inc.	0.10%	376,773	$35.8M	Reduce -1.0%
JCI Johnson Controls Internation	0.10%	374,000	$35.0M	Add +0.0%
GRMN Garmin Ltd.	0.10%	166,100	$34.8M	No change
DGX Quest Diagnostics Inc.	0.10%	212,972	$34.5M	Reduce -5.3%
URI United Rentals Inc.	0.10%	42,485	$34.5M	Reduce -0.5%
PAYX Paychex Inc.	0.10%	317,291	$34.2M	Reduce -0.2%
YUM Yum! Brands Inc.	0.10%	263,351	$34.1M	Reduce -1.7%
VRSK Verisk Analytics Inc.	0.10%	158,960	$34.0M	Reduce -1.7%
VRSN Verisign Inc.	0.10%	142,835	$34.0M	Reduce -2.1%
ZTS Zoetis Inc.	0.10%	272,904	$34.0M	Add +0.1%
EA Electronic Arts Inc.	0.09%	195,040	$33.5M	Add +4.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.09%	505,881	$33.0M	Reduce -4.0%
HIG Hartford Insurance Group Inc.	0.09%	286,476	$32.5M	Reduce -1.1%
CMG Chipotle Mexican Grill Inc.	0.09%	974,746	$32.5M	Reduce -0.8%
ETR Entergy Corp.	0.09%	408,315	$32.4M	Add +0.6%
SPG Simon Property Group Inc.	0.09%	202,522	$32.3M	Add +3.9%
WMB Williams Cos Inc.	0.09%	596,806	$32.2M	Reduce -3.2%
VST Vistra Corp.	0.09%	192,548	$32.1M	No change
EXC Exelon Corp.	0.09%	837,285	$32.1M	Reduce -2.0%
NSC Norfolk Southern Corp.	0.09%	125,300	$32.0M	No change
CSX CSX Corp.	0.09%	1,058,600	$32.0M	Add +0.6%
XYL Xylem Inc.	0.09%	254,577	$32.0M	Reduce -0.7%
NET Cloudflare Inc. Class A	0.09%	173,900	$31.8M	Add +2.9%
PCAR Paccar Inc.	0.09%	377,535	$31.6M	Add +11.3%
DELL Dell Technologies -C	0.09%	252,646	$30.5M	Reduce -3.9%
WDAY Workday Inc. Class A	0.09%	148,644	$30.5M	Add +0.5%
CNI Canadian Natl Railway Co.	0.09%	378,900	$30.4M	Reduce -1.0%
TFC Truist Financial Corp.	0.08%	769,663	$29.9M	Reduce -34.5%
CBRE CBRE Group Inc. Class A	0.08%	220,844	$29.6M	Reduce -27.8%
FTNT Fortinet Inc.	0.08%	412,417	$29.5M	Add +2.1%
CHKP Check Point Software Tech	0.08%	167,429	$29.5M	Reduce -1.9%
PRU Prudential Financial Inc.	0.08%	333,074	$29.4M	Add +0.7%
CMI Cummins Inc.	0.08%	81,248	$29.2M	Add +6.6%
NTAP Netapp Inc.	0.08%	289,608	$29.2M	Reduce -2.0%
WEC WEC Energy Group Inc.	0.08%	296,201	$28.9M	Add +0.4%
PTC PTC Inc.	0.08%	166,535	$28.8M	Reduce -1.5%
APD Air Products & Chemicals Inc.	0.08%	123,800	$28.7M	No change
CMS CMS Energy Corp.	0.08%	451,066	$28.1M	Reduce -2.1%
SRE Sempra	0.08%	366,400	$28.1M	Add +0.9%
BDX Becton Dickinson and Co.	0.08%	175,750	$28.0M	Add +1.4%
RJF Raymond James Financial Inc.	0.08%	190,493	$28.0M	No change
CTSH Cognizant Tech Solutions-A	0.08%	489,828	$28.0M	Reduce -1.7%
CCEP Coca-Cola Europacific Partne	0.08%	361,471	$27.8M	Reduce -2.3%
APO Apollo Global Management Inc.	0.08%	239,700	$27.2M	Add +0.8%
AIG American International Group	0.08%	405,374	$27.1M	Reduce -1.4%
AWK American Water Works Co. Inc.	0.08%	228,101	$27.0M	No change
EW Edwards Lifesciences Corp.	0.08%	405,735	$26.9M	Reduce -0.6%
FAST Fastenal Co.	0.08%	641,200	$26.8M	Add +1.0%
ACGL Arch Capital Group Ltd.	0.07%	344,600	$26.6M	Reduce -1.2%
WCN Waste Connections Inc.	0.07%	177,242	$26.5M	No change
AXON Axon Enterprise Inc.	0.07%	43,400	$26.5M	Reduce -9.4%
RMD Resmed Inc.	0.07%	113,715	$26.5M	Reduce -1.8%
MSCI MSCI Inc.	0.07%	54,793	$26.5M	Reduce -26.9%
DHI D.R. Horton Inc.	0.07%	179,814	$25.9M	Reduce -3.8%
BRO Brown & Brown Inc.	0.07%	324,810	$25.9M	Reduce -22.8%
DLR Digital Realty Trust Inc.	0.07%	176,100	$25.9M	Add +0.3%
CARR Carrier Global Corp.	0.07%	506,047	$25.7M	Reduce -0.2%
FFIV F5 Inc.	0.07%	93,181	$25.6M	Reduce -1.8%
AME Ametek Inc.	0.07%	159,843	$25.6M	Reduce -1.2%
STX Seagate Technology Holdings	0.07%	125,628	$25.2M	No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.07%	1,817,254	$24.8M	Reduce -12.5%
CDW CDW Corp.	0.07%	182,505	$24.7M	Reduce -1.5%
WBD Warner Bros Discovery Inc.	0.07%	1,486,169	$24.7M	Add +0.8%
CPRT Copart Inc.	0.07%	642,442	$24.6M	Reduce -0.7%
DTE DTE Energy Company	0.07%	197,893	$23.8M	No change
AVB Avalonbay Communities Inc.	0.07%	141,630	$23.3M	Reduce -0.9%
AEE Ameren Corporation	0.07%	261,447	$23.2M	Add +0.5%
VEEV Veeva Systems Inc. Class A	0.06%	91,093	$23.1M	Add +0.4%
GIS General Mills Inc.	0.06%	534,832	$22.9M	Reduce -2.8%
WTW Willis Towers Watson PLC	0.06%	76,600	$22.5M	Reduce -1.0%
MNST Monster Beverage Corp.	0.06%	392,900	$22.5M	No change
AMP Ameriprise Financial Inc.	0.06%	53,400	$22.3M	No change
MPWR Monolithic Power Systems Inc.	0.06%	28,494	$22.3M	No change
F Ford Motor Co. filed as FORD MTR CO	0.06%	2,160,300	$22.0M	No change
GDDY GoDaddy Inc. Class A	0.06%	188,117	$21.9M	Reduce -2.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.06%	396,100	$21.8M	Reduce -1.3%
PSA Public Storage	0.06%	88,400	$21.7M	No change
SYY Sysco Corp.	0.06%	308,446	$21.6M	Add +0.5%
PEG Public Service Enterprise GP	0.06%	304,302	$21.6M	Add +1.0%
KDP Keurig Dr Pepper Inc.	0.06%	991,000	$21.5M	Add +17.6%
FITB Fifth Third Bancorp	0.06%	566,350	$21.5M	Add +7.9%
WDC Western Digital Corp.	0.06%	206,873	$21.1M	Add +1.3%
WAB Wabtec Corp.	0.06%	123,112	$21.0M	Reduce -0.7%
OTIS Otis Worldwide Corp.	0.06%	268,387	$20.9M	Reduce -3.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.06%	25,500	$20.7M	No change
XYZ Block Inc.	0.06%	335,328	$20.6M	Add +0.6%
TTWO Take-Two Interactive Softwre	0.06%	92,200	$20.3M	Add +0.6%
KR Kroger Co.	0.06%	351,300	$20.2M	Reduce -6.8%
EBAY eBay Inc.	0.06%	259,300	$20.1M	Reduce -0.6%
MKL Markel Group Inc.	0.06%	12,238	$19.9M	Reduce -1.6%
TGT Target Corp.	0.05%	255,200	$19.5M	Reduce -1.8%
NDAQ Nasdaq Inc.	0.05%	257,400	$19.4M	Add +10.6%
IT Gartner Inc.	0.05%	86,518	$19.4M	Reduce -1.9%
CCI Crown Castle Inc.	0.05%	233,900	$19.2M	No change
A Agilent Technologies Inc.	0.05%	173,925	$19.0M	Add +0.3%
EFX Equifax Inc.	0.05%	86,967	$19.0M	No change
ROK Rockwell Automation Inc.	0.05%	63,500	$18.9M	No change
FICO Fair Isaac Corp.	0.05%	14,483	$18.4M	No change
HUM Humana Inc.	0.05%	83,172	$18.4M	Reduce -0.5%
CINF Cincinnati Financial Corp.	0.05%	136,700	$18.4M	Reduce -1.1%
EIX Edison International	0.05%	387,952	$18.3M	No change
GEHC GE Healthcare Technology	0.05%	279,802	$17.9M	Add +2.1%
KGC Kinross Gold Corp.	0.05%	839,387	$17.7M	No change
EXR Extra Space Storage Inc.	0.05%	146,590	$17.6M	No change
CFG Citizens Financial Group	0.05%	382,130	$17.3M	Reduce -0.5%
CHD Church & Dwight Co. Inc.	0.05%	230,244	$17.2M	Reduce -4.8%
L Loews Corp.	0.05%	200,800	$17.2M	Reduce -2.4%
CSGP Costar Group Inc.	0.05%	234,700	$16.9M	Add +2.7%
INCY Incyte Corp.	0.05%	232,520	$16.8M	Reduce -0.6%
FIS Fidelity National Info Serv	0.05%	295,200	$16.6M	Add +0.6%
MCHP Microchip Technology Inc.	0.05%	302,700	$16.5M	Add +1.3%
IQV Iqvia Holdings Inc.	0.05%	102,239	$16.5M	Add +1.5%
NTR Nutrien Ltd.	0.05%	330,000	$16.5M	No change
SLF Sun Life Financial Inc.	0.05%	320,900	$16.4M	Add +1.1%
MAA Mid-America Apartment Comm	0.05%	136,600	$16.2M	Reduce -2.1%
HLT Hilton Worldwide Holdings Inc.	0.05%	73,014	$16.1M	Reduce -1.6%
STT State Street Corp.	0.04%	161,600	$16.0M	Add +0.6%
MTD Mettler-Toledo International	0.04%	15,159	$15.8M	Add +0.3%
LNT Alliant Energy Corp.	0.04%	275,709	$15.8M	No change
KMI Kinder Morgan Inc.	0.04%	651,135	$15.7M	Reduce -3.4%
AMCR Amcor PLC	0.04%	2,233,370	$15.5M	Reduce -2.8%
BKNG Booking Holdings Inc.	0.04%	3,381	$15.5M	Reduce -1.1%
KVUE Kenvue Inc.	0.04%	1,122,900	$15.5M	Add +5.0%
DD Dupont DE Nemours Inc.	0.04%	233,900	$15.5M	Add +1.2%
MTB M & T Bank Corp. filed as M & T BK CORP	0.04%	91,800	$15.4M	Reduce -0.7%
VTR Ventas Inc.	0.04%	254,100	$15.1M	Add +4.5%
ARES Ares Management Corp. Class A	0.04%	110,300	$15.0M	Add +4.3%
ZS Zscaler Inc.	0.04%	58,762	$15.0M	Add +1.6%
CPAY Corpay Inc.	0.04%	60,676	$14.9M	Reduce -36.6%
SSNC Ss&c Technologies Holdings	0.04%	196,885	$14.9M	Reduce -1.9%
ZM Zoom Communications Inc.	0.04%	211,688	$14.9M	Reduce -2.0%
SBAC SBA Communications Corp.	0.04%	90,147	$14.8M	No change
ESS Essex Property Trust Inc.	0.04%	64,500	$14.7M	Reduce -1.4%
GEN Gen Digital Inc.	0.04%	604,357	$14.6M	Reduce -0.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.04%	164,400	$14.3M	No change
KEYS Keysight Technologies Inc.	0.04%	95,600	$14.2M	No change
D Dominion Energy Inc.	0.04%	273,129	$14.2M	Reduce -4.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.04%	189,572	$14.2M	Add +5.9%
SYF Synchrony Financial	0.04%	230,087	$13.9M	Reduce -40.3%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD	0.04%	421,577	$13.9M	No change
TDY Teledyne Technologies Inc.	0.04%	27,558	$13.7M	No change
SNA Snap-on Inc.	0.04%	46,100	$13.6M	Reduce -0.4%
DXCM Dexcom Inc.	0.04%	236,668	$13.6M	Add +0.8%
CLS Celestica Inc.	0.04%	63,800	$13.4M	Add +4.3%
TEAM Atlassian Corp. Class A	0.04%	97,509	$13.3M	No change
TRI Thomson Reuters Corp.	0.04%	99,700	$13.2M	No change
CNP Centerpoint Energy Inc.	0.04%	392,613	$13.0M	Add +0.7%
PHM Pultegroup Inc.	0.04%	112,300	$12.6M	Reduce -1.7%
DLTR Dollar Tree Inc.	0.04%	157,017	$12.6M	Reduce -2.2%
BAM Brookfield Asset Mgmt-A	0.04%	258,600	$12.5M	Reduce -69.2%
ES Eversource Energy	0.04%	206,500	$12.5M	Add +1.1%
VLTO Veralto Corp.	0.04%	137,300	$12.5M	No change
NTRS Northern Trust Corp.	0.03%	108,400	$12.4M	No change
GL Globe Life Inc.	0.03%	101,303	$12.3M	No change
HPE Hewlett Packard Enterprise	0.03%	588,108	$12.3M	Reduce -3.6%
HUBS HubSpot Inc.	0.03%	30,682	$12.2M	Add +2.0%
DDOG Datadog Inc. Class A	0.03%	100,428	$12.2M	Add +13.2%
SMCI Super Micro Computer Inc.	0.03%	297,700	$12.1M	Add +1.2%
GIB Cgi Inc.	0.03%	158,703	$12.0M	Reduce -1.2%
HBAN Huntington Bancshares Inc.	0.03%	818,300	$12.0M	Add +1.7%
FTS Fortis Inc.	0.03%	274,800	$11.9M	Add +3.2%
CPT Camden Property Trust	0.03%	130,400	$11.9M	Reduce -1.2%
BCPC Balchem Corp.	0.03%	92,724	$11.8M	Reduce -61.1%
ULTA Ulta Beauty Inc.	0.03%	25,400	$11.8M	Reduce -2.7%
ATO Atmos Energy Corp.	0.03%	81,278	$11.8M	Reduce -49.3%
BIIB Biogen Inc.	0.03%	98,274	$11.7M	Reduce -0.0%
CHRW C.H. Robinson Worldwide Inc.	0.03%	102,347	$11.5M	Reduce -38.8%
CCJ Cameco Corp.	0.03%	161,233	$11.5M	Add +1.8%
GPC Genuine Parts Co.	0.03%	96,563	$11.4M	Reduce -1.6%
RF Regions Financial Corp.	0.03%	506,500	$11.4M	Reduce -0.2%
LH Labcorp Holdings Inc.	0.03%	46,500	$11.4M	No change
PPG PPG Industries Inc.	0.03%	126,000	$11.3M	No change
FSLR First Solar Inc.	0.03%	59,500	$11.2M	No change
PODD Insulet Corp.	0.03%	42,350	$11.1M	Add +1.5%
STZ Constellation Brands Inc. Class A	0.03%	96,600	$11.1M	Reduce -5.0%
DG Dollar General Corp.	0.03%	123,300	$10.8M	No change
HUBB Hubbell Inc.	0.03%	29,600	$10.8M	No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.03%	122,900	$10.7M	No change
CLX Clorox Company	0.03%	102,200	$10.7M	Reduce -2.3%
CNC Centene Corp.	0.03%	352,251	$10.7M	Reduce -3.2%
FTV Fortive Corp.	0.03%	251,974	$10.5M	Add +1.9%
TER Teradyne Inc.	0.03%	89,600	$10.5M	Reduce -2.2%
TU Telus Corp.	0.03%	781,743	$10.5M	Reduce -1.4%
ON On Semiconductor	0.03%	247,461	$10.4M	Reduce -1.5%
REG Regency Centers Corp.	0.03%	165,800	$10.3M	Reduce -1.6%
MOH Molina Healthcare Inc.	0.03%	61,862	$10.1M	Reduce -1.4%
HOLX Hologic Inc.	0.03%	174,803	$10.0M	Reduce -1.0%
PINS Pinterest Inc. Class A	0.03%	365,496	$10.0M	Reduce -2.0%
ZBH Zimmer Biomet Holdings Inc.	0.03%	119,317	$10.0M	Add +0.4%
BURL Burlington Stores Inc.	0.03%	45,446	$9.8M	Add +29.9%
KEY Keycorp	0.03%	617,000	$9.8M	Add +4.3%
PKG Packaging Corp. of America	0.03%	52,500	$9.7M	Reduce -3.7%
TECK Teck Resources Ltd.-CLS B	0.03%	260,409	$9.7M	No change
LULU Lululemon Athletica Inc.	0.03%	64,100	$9.7M	Reduce -3.0%
GPN Global Payments Inc.	0.03%	136,500	$9.7M	Reduce -1.0%
UDR Udr Inc.	0.03%	303,400	$9.6M	Reduce -0.6%
RBA RB Global Inc.	0.03%	103,000	$9.5M	No change
TRMB Trimble Inc.	0.03%	136,100	$9.5M	No change
RPRX Royalty Pharma PLC Class A	0.03%	313,642	$9.4M	Reduce -3.7%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.03%	179,451	$9.4M	Add +0.8%
WDFC WD-40 Co.	0.03%	55,114	$9.3M	Reduce -61.1%
BCE Bce Inc.	0.03%	464,343	$9.2M	Reduce -3.0%
ARM Arm Holdings PLC-ADR	0.03%	75,900	$9.1M	Add +3.0%
WAT Waters Corp.	0.03%	35,733	$9.1M	Reduce -31.2%
MAS Masco Corp.	0.03%	151,453	$9.1M	Add +0.6%
APTV Aptiv PLC	0.03%	122,200	$9.0M	Reduce -3.9%
HEI.A Heico Corp. Class A	0.03%	41,300	$8.9M	No change
PFG Principal Financial Group	0.03%	126,200	$8.9M	No change
GEV GE Vernova Inc.	0.02%	16,538	$8.7M	Add +13.0%
BAH Booz Allen Hamilton Holdings	0.02%	101,355	$8.6M	Reduce -1.1%
PNR Pentair PLC	0.02%	91,300	$8.6M	No change
OKTA Okta Inc.	0.02%	110,101	$8.6M	No change
DT Dynatrace Inc.	0.02%	203,240	$8.4M	Add +1.0%
BKR Baker Hughes Co.	0.02%	201,382	$8.4M	Reduce -4.0%
BAP Credicorp Ltd.	0.02%	36,214	$8.2M	Reduce -30.3%
GRAB Grab Holdings Ltd. Class A	0.02%	1,594,400	$8.2M	No change
LII Lennox International Inc.	0.02%	17,900	$8.1M	No change
INVH Invitation Homes Inc.	0.02%	322,000	$8.0M	Add +1.2%
TPL Texas Pacific Land Corp.	0.02%	10,071	$8.0M	Reduce -34.1%
GFL GFL Environmental Inc.-Sub VT	0.02%	197,800	$8.0M	No change
Z Zillow Group Inc. Class C	0.02%	120,500	$7.9M	Add +9.8%
FNF Fidelity National Financial	0.02%	152,100	$7.8M	Reduce -13.8%
OXY Occidental Petroleum Corp.	0.02%	194,306	$7.8M	Reduce -3.5%
CG The Carlyle Group Inc.	0.02%	146,400	$7.8M	No change
TWLO Twilio Inc. Class A	0.02%	90,412	$7.7M	No change
OMC Omnicom Group	0.02%	110,700	$7.7M	Add +0.1%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.02%	69,700	$7.7M	No change
MAR Marriott International Class A	0.02%	34,347	$7.6M	Reduce -3.5%
ILMN Illumina Inc.	0.02%	93,232	$7.5M	Add +1.9%
EMA Emera Inc.	0.02%	182,648	$7.5M	Add +1.2%
YUMC Yum China Holdings Inc.	0.02%	197,209	$7.4M	Add +160.3%
NBIX Neurocrine Biosciences Inc.	0.02%	61,008	$7.3M	Add +0.7%
EG Everest Group Ltd.	0.02%	23,900	$7.1M	No change
EQH Equitable Holdings Inc.	0.02%	162,100	$7.0M	No change
BBY Best Buy Co. Inc.	0.02%	108,600	$7.0M	Reduce -1.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.02%	91,500	$7.0M	Reduce -4.4%
RCL Royal Caribbean Cruises Ltd.	0.02%	25,240	$7.0M	Add +0.9%
WPC WP Carey Inc.	0.02%	120,700	$6.9M	No change
CCK Crown Holdings Inc.	0.02%	84,399	$6.9M	No change
HEI Heico Corp.	0.02%	25,000	$6.9M	No change
BALL Ball Corp.	0.02%	158,100	$6.8M	Reduce -15.6%
MSI Motorola Solutions Inc.	0.02%	17,414	$6.8M	Reduce -5.4%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD	0.02%	45,300	$6.7M	Add +4.4%
FOXA Fox Corp. Class A	0.02%	122,500	$6.6M	Reduce -2.7%
JLL Jones Lang Lasalle Inc.	0.02%	25,700	$6.5M	No change
DOC Healthpeak Properties Inc.	0.02%	399,300	$6.5M	Add +3.1%
WTRG Essential Utilities Inc.	0.02%	190,725	$6.5M	Add +4.1%
AGI Alamos Gold Inc. Class A	0.02%	217,600	$6.5M	No change
FDS Factset Research Systems Inc.	0.02%	26,300	$6.4M	No change
NUE Nucor Corp.	0.02%	54,255	$6.3M	Reduce -3.9%
ARE Alexandria Real Estate Equit	0.02%	88,100	$6.2M	No change
TW Tradeweb Markets Inc. Class A	0.02%	65,600	$6.2M	No change
SPSC SPS Commerce Inc.	0.02%	69,011	$6.1M	Reduce -61.1%
TME Tencent Music Entertainm-ADR	0.02%	307,371	$6.1M	Add +100.9%
LYB Lyondellbasell Indu Class A	0.02%	145,800	$6.1M	Reduce -0.6%
BAX Baxter International Inc.	0.02%	313,610	$6.1M	Reduce -20.5%
MGA Magna International Inc.	0.02%	149,800	$6.0M	No change
VMC Vulcan Materials Co.	0.02%	22,767	$6.0M	Reduce -4.1%
RGA Reinsurance Group of America	0.02%	36,000	$5.9M	No change
IEX Idex Corp.	0.02%	41,700	$5.8M	No change
FLUT Flutter Entertainment PLC-Di	0.02%	26,600	$5.8M	Reduce -5.7%
NLY Annaly Capital Management Inc.	0.02%	330,300	$5.7M	Add +11.7%
RIVN Rivian Automotive Inc. Class A	0.02%	451,900	$5.6M	No change
HST Host Hotels & Resorts Inc.	0.02%	389,300	$5.6M	Reduce -1.5%
POOL Pool Corp.	0.02%	21,100	$5.6M	No change
SWKS Skyworks Solutions Inc.	0.02%	83,800	$5.5M	Reduce -6.0%
ELS Equity Lifestyle Properties	0.02%	106,000	$5.5M	No change
RVTY Revvity Inc.	0.02%	72,805	$5.4M	Add +0.6%
FDX FedEx Corp.	0.02%	27,029	$5.4M	No change
AKAM Akamai Technologies Inc.	0.02%	83,800	$5.4M	Reduce -60.9%
PAYC Paycom Software Inc.	0.02%	30,400	$5.4M	No change
SWK Stanley Black & Decker Inc.	0.02%	85,000	$5.4M	Reduce -1.5%
BMRN Biomarin Pharmaceutical Inc.	0.01%	115,620	$5.3M	Add +1.0%
STN Stantec Inc.	0.01%	57,600	$5.3M	No change
ALLY Ally Financial Inc.	0.01%	157,600	$5.3M	Add +3.8%
DAY Dayforce Inc.	0.01%	89,500	$5.2M	No change
BG Bunge Global SA	0.01%	75,500	$5.2M	No change
JBHT Hunt (jb) Transprt SVCS Inc.	0.01%	45,100	$5.1M	Reduce -1.7%
AFG American Financial Group Inc.	0.01%	41,500	$5.1M	No change
BXP BXP Inc.	0.01%	81,200	$5.1M	No change
DSGX The Descartes Systems Grp	0.01%	63,000	$5.0M	Reduce -6.3%
IPG Interpublic Group of Cos Inc.	0.01%	209,400	$5.0M	Reduce -1.9%
OWL Blue Owl Capital Inc.	0.01%	344,900	$5.0M	Add +8.3%
MKC McCormick & Co.-Non VTG SHRS	0.01%	87,204	$5.0M	Reduce -39.2%
SCCO Southern Copper Corp.	0.01%	48,030	$5.0M	Reduce -10.9%
ARMK Aramark	0.01%	149,700	$4.9M	No change
MRNA Moderna Inc.	0.01%	219,400	$4.8M	Add +1.7%
OTEX Open Text Corp.	0.01%	149,000	$4.7M	Add +2.2%
MDLZ Mondelez International Inc. Class A	0.01%	87,811	$4.7M	Reduce -0.6%
CNH CNH Industrial NV	0.01%	504,500	$4.7M	No change
BNTX Biontech SE-ADR	0.01%	54,700	$4.6M	Add +3.0%
RBLX Roblox Corp. Class A	0.01%	38,846	$4.6M	Add +5.6%
SEIC Sei Investments Company	0.01%	62,600	$4.5M	No change
DAL Delta Air Lines Inc.	0.01%	93,300	$4.5M	Add +2.5%
DOX Amdocs Ltd.	0.01%	64,000	$4.5M	No change
ALGN Align Technology Inc.	0.01%	41,874	$4.5M	Add +0.6%
SNAP Snap Inc. Class A	0.01%	680,000	$4.5M	No change
CAE Cae Inc.	0.01%	174,100	$4.4M	No change
APP AppLovin Corp. Class A	0.01%	6,900	$4.2M	New
GIL Gildan Activewear Inc.	0.01%	85,500	$4.2M	No change
TECH Bio-Techne Corp.	0.01%	88,800	$4.2M	No change
FYBR Frontier Communications Pare	0.01%	131,438	$4.2M	No change
AVTR Avantor Inc.	0.01%	384,600	$4.1M	Reduce -6.2%
EPAM Epam Systems Inc.	0.01%	31,500	$4.0M	No change
BF.B Brown-Forman Corp. Class B	0.01%	172,500	$4.0M	Add +1.9%
FOX Fox Corp. Class B	0.01%	80,200	$3.9M	No change
BZ Kanzhun Ltd. - ADR	0.01%	196,400	$3.9M	Add +203.1%
ERIE Erie Indemnity Company Class A	0.01%	14,200	$3.8M	No change
LKQ LKQ Corp.	0.01%	144,000	$3.7M	Add +0.1%
UAL United Airlines Holdings Inc.	0.01%	44,900	$3.7M	No change
HTHT H World Group Ltd.-ADR	0.01%	108,093	$3.6M	Add +146.8%
CART Maplebear Inc.	0.01%	113,800	$3.6M	No change
SE Sea Ltd.-ADR	0.01%	23,401	$3.6M	Reduce -28.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.01%	120,550	$3.5M	No change
NTNX Nutanix Inc. Class A	0.01%	54,866	$3.5M	No change
BEN Franklin Templeton Inc.	0.01%	175,300	$3.5M	Add +2.9%
OKE Oneok Inc.	0.01%	54,970	$3.4M	No change
FSV Firstservice Corp.	0.01%	20,800	$3.4M	No change
EMN Eastman Chemical Co.	0.01%	62,700	$3.4M	Reduce -6.3%
DECK Deckers Outdoor Corp.	0.01%	38,969	$3.4M	No change
RCI Rogers Communications Inc. Class B	0.01%	113,700	$3.3M	Add +2.6%
KMX Carmax Inc.	0.01%	85,200	$3.3M	Reduce -3.4%
XP XP Inc. Class A	0.01%	194,800	$3.1M	Add +145.3%
TFII Tfi International Inc.	0.01%	39,990	$3.0M	No change
LNG Cheniere Energy Inc.	0.01%	14,859	$3.0M	No change
DVA Davita Inc.	0.01%	26,272	$3.0M	Reduce -7.9%
VIPS Vipshop Holdings Ltd. - ADR	0.01%	177,187	$3.0M	Add +141.4%
SW Smurfit Westrock PLC	0.01%	80,384	$2.9M	No change
CRTO Criteo SA-Spon	0.01%	130,970	$2.5M	No change
BLDR Builders Firstsource Inc.	0.01%	24,135	$2.5M	No change
BEPC Brookfield Renewable Corp.	0.01%	81,081	$2.4M	No change
ABNB Airbnb Inc. Class A	0.01%	22,067	$2.3M	No change
GM General Motors Co.	0.01%	42,841	$2.2M	No change
ODFL Old Dominion Freight Line	0.01%	18,127	$2.2M	No change
UPS United Parcel Service Class B	0.01%	30,212	$2.1M	Reduce -54.9%
MTN Vail Resorts Inc.	0.01%	16,398	$2.1M	Reduce -61.1%
PBA Pembina Pipeline Corp.	0.01%	55,533	$1.9M	Reduce -16.0%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU	0.01%	91,787	$1.9M	Add +125.6%
JBS JBS NV-A	0.00%	134,800	$1.7M	New
MOS The Mosaic Co.	0.00%	57,784	$1.7M	No change
RS Reliance Inc.	0.00%	6,977	$1.7M	No change
MSTR Strategy Inc.	0.00%	5,050	$1.4M	Add +11.4%
WLK Westlake Corp.	0.00%	21,100	$1.4M	No change
BIRK Birkenstock Holding PLC	0.00%	35,500	$1.4M	No change
PCG P G & E Corp.	0.00%	105,165	$1.3M	No change
QFIN Qfin Holdings Inc.-ADR	0.00%	49,400	$1.2M	Reduce -87.3%
TRGP Targa Resources Corp.	0.00%	7,480	$1.1M	No change
ACM Aecom	0.00%	9,292	$1.0M	No change
CNA Cna Financial Corp.	0.00%	24,881	$984K	Reduce -2.4%
TEVA Teva Pharmaceutical-SP ADR	0.00%	54,592	$939K	Add +9.6%
ATHM Autohome Inc.-ADR	0.00%	37,479	$911K	Add +170.0%
JBL Jabil Inc.	0.00%	4,732	$875K	No change
FMX Fomento Economico Mex-SP ADR	0.00%	9,754	$819K	Reduce -14.1%
EME Emcor Group Inc.	0.00%	1,376	$761K	No change
RAL Ralliant Corp.	0.00%	19,803	$737K	Reduce -75.6%
UTHR United Therapeutics Corp.	0.00%	2,038	$727K	Add +13.0%
AMX America Movil Sab DE CV	0.00%	38,879	$695K	Reduce -6.3%
ZG Zillow Group Inc. Class A	0.00%	8,300	$526K	Add +43.1%
MDB Mongodb Inc.	0.00%	1,966	$519K	No change
CYBR Cyberark Software Ltd./Israel	0.00%	1,139	$468K	No change
SOLV Solventum Corp.	0.00%	7,405	$460K	Add +21.3%
NI Nisource Inc.	0.00%	11,884	$438K	No change
DOCU Docusign Inc.	0.00%	7,033	$431K	No change
DOW Dow Inc.	0.00%	21,989	$429K	No change
FMC FMC Corp.	0.00%	10,630	$304K	No change
KOF Coca-Cola Femsa Sab-SP ADR	0.00%	4,264	$302K	Reduce -19.0%

Portfolio Sells Q2 2025 → Q3 2025


JKHY Jack Henry & Associates Inc.	Reduce -14.9%	0.70%	−0.35
V Visa Inc. Class A	Reduce -11.5%	1.24%	−0.30
TYL Tyler Technologies Inc.	Reduce -8.8%	0.88%	−0.28
AMZN Amazon.com Inc.	Reduce -0.3%	4.01%	−0.24
ROL Rollins Inc.	Reduce -15.4%	1.02%	−0.20
NOW ServiceNow Inc.	Reduce -28.3%	0.29%	−0.19
BR Broadridge Financial Solutio	Reduce -10.9%	0.85%	−0.18
FERG Ferguson Enterprises Inc.	Reduce -11.6%	1.09%	−0.17
WMT Walmart Inc.	Reduce -14.6%	0.73%	−0.13
ZBRA Zebra Technologies Corp. Class A	Reduce -10.6%	0.55%	−0.13
MSA Msa Safety Inc.	Reduce -12.1%	0.67%	−0.11
STE Steris PLC	Reduce -9.3%	0.84%	−0.11
YMM Full Truck Alliance -SPN ADR	Sold out	0.00%	−0.10
SPGI S&P Global Inc.	Reduce -15.6%	0.25%	−0.09
BMY Bristol-Myers Squibb Co.	Reduce -27.3%	0.17%	−0.08
BAM Brookfield Asset Mgmt-A	Reduce -69.2%	0.04%	−0.08
DIS The Walt Disney Co.	Reduce -6.6%	0.36%	−0.08
PFE Pfizer Inc.	Reduce -22.8%	0.21%	−0.06
AXP American Express Co.	Reduce -16.9%	0.28%	−0.06
BCPC Balchem Corp.	Reduce -61.1%	0.03%	−0.06
WDFC WD-40 Co.	Reduce -61.1%	0.03%	−0.06
CL Colgate-Palmolive Co.	Reduce -2.4%	0.23%	−0.05
CMG Chipotle Mexican Grill Inc.	Reduce -0.8%	0.09%	−0.05
PGR Progressive Corp.	Reduce -0.5%	0.32%	−0.05
ANSS Ansys Inc.	Sold out	0.00%	−0.05
MS Morgan Stanley	Reduce -17.2%	0.34%	−0.04
BRO Brown & Brown Inc.	Reduce -22.8%	0.07%	−0.04
GILD Gilead Sciences Inc.	Reduce -8.9%	0.28%	−0.04
ADBE Adobe Inc.	Reduce -2.6%	0.23%	−0.04
SPSC SPS Commerce Inc.	Reduce -61.1%	0.02%	−0.04
ELV Elevance Health Inc.	Reduce -1.8%	0.15%	−0.04
TFC Truist Financial Corp.	Reduce -34.5%	0.08%	−0.04
CSCO Cisco Systems Inc.	Reduce -2.5%	0.41%	−0.04
BEKE Ke Holdings Inc.-ADR	Sold out	0.00%	−0.04
VRTX Vertex Pharmaceuticals Inc.	Reduce -0.7%	0.19%	−0.04
QFIN Qfin Holdings Inc.-ADR	Reduce -87.3%	0.00%	−0.04
CI The Cigna Group	Reduce -5.8%	0.14%	−0.04
EXPD Expeditors Intl Wash Inc.	Sold out	0.00%	−0.04
CPAY Corpay Inc.	Reduce -36.6%	0.04%	−0.04
ROP Roper Technologies Inc.	Reduce -2.1%	0.17%	−0.04
TCOM Trip.com Group Ltd.-ADR	Sold out	0.00%	−0.04
IT Gartner Inc.	Reduce -1.9%	0.05%	−0.04
CMCSA Comcast Corp. Class A	Reduce -0.8%	0.17%	−0.04
MSCI MSCI Inc.	Reduce -26.9%	0.07%	−0.03
VRSK Verisk Analytics Inc.	Reduce -1.7%	0.10%	−0.03
GS Goldman Sachs Group Inc.	Reduce -12.1%	0.46%	−0.03
WST West Pharmaceutical Services	Reduce -14.8%	0.89%	−0.03
ATO Atmos Energy Corp.	Reduce -49.3%	0.03%	−0.03
MRSH Marsh & McLennan Cos	Reduce -0.6%	0.19%	−0.03
AKAM Akamai Technologies Inc.	Reduce -60.9%	0.02%	−0.03

Portfolio Buys Q2 2025 → Q3 2025


NVDA Nvidia Corp.	Add +1.2%	8.63%	+1.00
AVGO Broadcom Inc.	Add +10.2%	4.35%	+0.87
TSCO Tractor Supply Company	Add +505.1%	0.59%	+0.49
MSFT Microsoft Corp.	Add +6.8%	8.38%	+0.42
TMO Thermo Fisher Scientific Inc.	Add +37.0%	0.98%	+0.35
IR Ingersoll-Rand Inc.	Add +134.6%	0.48%	+0.26
ANET Arista Networks Inc.	Add +65.3%	0.44%	+0.24
TJX TJX Companies Inc.	Add +49.3%	0.61%	+0.24
SYK Stryker Corp.	Add +47.6%	0.83%	+0.20
ORCL Oracle Corp.	Add +2.9%	0.78%	+0.16
INTC Intel Corp.	Add +51.1%	0.29%	+0.16
MA Mastercard Inc. Class A	Add +16.0%	1.34%	+0.13
LPLA LPL Financial Holdings Inc.	Add +51.2%	0.61%	+0.13
MCO Moody's Corp.	Add +55.1%	0.26%	+0.07
MU Micron Technology Inc.	Add +1.8%	0.27%	+0.06
SHOP Shopify Inc. Class A	Add +1.7%	0.26%	+0.05
HOOD Robinhood Markets Inc. Class A	Add +1.5%	0.15%	+0.05
HD Home Depot Inc.	Add +0.9%	0.71%	+0.04
AMD Advanced Micro Devices	Add +2.0%	0.38%	+0.03
WBD Warner Bros Discovery Inc.	Add +0.8%	0.07%	+0.03
WELL Welltower Inc.	Add +8.7%	0.16%	+0.03
WDC Western Digital Corp.	Add +1.3%	0.06%	+0.03
CRH CRH PLC	Add +0.4%	0.13%	+0.03
VRT Vertiv Holdings Co. Class A	Add +18.1%	0.10%	+0.02
RY Royal Bank of Canada	Add +0.8%	0.32%	+0.02
CMI Cummins Inc.	Add +6.6%	0.08%	+0.02
EA Electronic Arts Inc.	Add +4.8%	0.09%	+0.02
BLK BlackRock Inc.	Add +0.5%	0.29%	+0.02
BX Blackstone Inc.	Add +1.8%	0.17%	+0.02
BNS Bank of Nova Scotia	Add +0.2%	0.15%	+0.01
BMO Bank of Montreal	Add +0.7%	0.13%	+0.01
COF Capital One Financial Corp.	Add +12.9%	0.21%	+0.01
CLS Celestica Inc.	Add +4.3%	0.04%	+0.01
BNY Bank of New York Mellon Corp.	Add +0.7%	0.10%	+0.01
YUMC Yum China Holdings Inc.	Add +160.3%	0.02%	+0.01
APP AppLovin Corp. Class A	New	0.01%	+0.01
SPG Simon Property Group Inc.	Add +3.9%	0.09%	+0.01
NEE Nextera Energy Inc.	Add +0.3%	0.36%	+0.01
TME Tencent Music Entertainm-ADR	Add +100.9%	0.02%	+0.01
SRE Sempra	Add +0.9%	0.08%	+0.01
PANW Palo Alto Networks Inc.	Add +10.3%	0.25%	+0.01
DASH DoorDash Inc. Class A	Add +1.9%	0.15%	+0.01
BZ Kanzhun Ltd. - ADR	Add +203.1%	0.01%	+0.01
FAST Fastenal Co.	Add +1.0%	0.08%	+0.01
MDT Medtronic PLC	Add +0.8%	0.18%	+0.01
PCAR Paccar Inc.	Add +11.3%	0.09%	+0.01
BURL Burlington Stores Inc.	Add +29.9%	0.03%	+0.01
CM Can Imperial BK of Commerce	Add +0.3%	0.10%	+0.01
PLD Prologis Inc.	Add +0.6%	0.18%	+0.01
HTHT H World Group Ltd.-ADR	Add +146.8%	0.01%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	493	$40.7B	NVDA, AAPL, MSFT, AVGO, AMZN
Q1 2026	513	$31.6B	MSFT, NVDA, AVGO, AMZN, AAPL
Q4 2025	540	$35.2B	NVDA, MSFT, AAPL, AVGO, AMZN
Q3 2025	528	$35.6B	NVDA, MSFT, AAPL, AVGO, AMZN
Q2 2025	539	$33.8B	MSFT, NVDA, AAPL, AMZN, AVGO
Q1 2025	548	$32.2B	AAPL, MSFT, NVDA, AMZN, AVGO
Q4 2024	548	$35.9B	AAPL, NVDA, MSFT, AMZN, AVGO
Q3 2024	407	$15.1B	FERG, ROL, ZBRA, TRU, WST
Q2 2024	650	$56.1B	MSFT, AAPL, NVDA, AMZN, META
Q1 2024	716	$57.1B	MSFT, AAPL, AMZN, NVDA, META