Fjarde Ap-Fonden /Fourth Swedish National Pension Fund

Name: FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 13F holdings, Q4 2025
Creator: FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND
Published: 2026-02-11

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Fjarde Ap-Fonden /Fourth Swedish National Pension Fund reported 499 stock positions worth $11.9 billion. Its top holding was Nvidia (NVDA) at 6.6% of the portfolio, followed by Apple (AAPL, 5.8%) and Microsoft (MSFT, 5.1%). Compared with Q3 2025, it opened 57 new positions, sold out of 24, added to 142 and reduced 293. The biggest buy was a new position in iShares Core MSCI Emerging (IEMG) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F: Q2 2026
Location: STOCKHOLM, V7
CIK: 0001540880
Portfolio Value: $11.9B (Q4 2025)
SEC Filing: 0001540880-26-000005 ↗ filed Feb 11, 2026

Holdings Value

Holdings 499 stocks · $11.9B


NVDA Nvidia Corp.	6.58%	4,211,049	$785.4M	Reduce -4.5%
AAPL Apple Inc.	5.78%	2,538,148	$690.0M	Reduce -4.6%
MSFT Microsoft Corp.	5.13%	1,267,509	$613.0M	Reduce -1.6%
AMZN Amazon.com Inc.	2.92%	1,508,175	$348.1M	Reduce -1.4%
GOOGL Alphabet Inc. Class A	2.67%	1,017,054	$318.3M	Reduce -7.0%
META Meta Platforms Inc. Class A	2.38%	429,787	$283.7M	Add +0.3%
GOOG Alphabet Inc. Class C	2.34%	888,585	$278.8M	Reduce -7.7%
AVGO Broadcom Inc.	2.04%	702,723	$243.2M	Reduce -0.7%
LLY Eli Lilly & Co.	1.93%	214,536	$230.6M	Add +0.0%
IEMG iShares Core MSCI Emerging	1.74%	3,090,192	$207.7M	New
V Visa Inc. Class A	1.58%	537,177	$188.4M	Add +0.1%
JNJ Johnson & Johnson	1.38%	796,200	$164.8M	Reduce -1.2%
JPM JPMorgan Chase & Co.	1.18%	438,187	$141.2M	Reduce -1.6%
MA Mastercard Inc. Class A	1.09%	228,070	$130.2M	Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B	1.07%	253,899	$127.6M	Add +0.2%
WMT Walmart Inc.	1.03%	1,098,571	$122.4M	Reduce -3.1%
NFLX Netflix Inc.	0.90%	1,145,670	$107.4M	Reduce -0.6%
CSCO Cisco Systems Inc.	0.89%	1,373,517	$105.8M	Reduce -4.5%
PG The Procter & Gamble Co.	0.88%	736,378	$105.5M	Reduce -1.8%
COST Costco Wholesale Corp.	0.83%	114,416	$98.7M	Add +0.8%
KO The Coca-Cola Co.	0.77%	1,307,606	$91.4M	Add +2.6%
MRK Merck & Co. Inc.	0.70%	797,029	$83.9M	Reduce -13.8%
UNH Unitedhealth Group Inc.	0.67%	241,578	$79.7M	Reduce -11.6%
ABBV Abbvie Inc.	0.62%	324,644	$74.2M	Reduce -2.6%
TSLA Tesla Inc.	0.58%	154,362	$69.4M	Reduce -5.7%
PEP Pepsico Inc.	0.58%	482,084	$69.2M	Add +3.3%
ABT Abbott Laboratories	0.58%	548,204	$68.7M	Add +2.3%
CAT Caterpillar Inc.	0.57%	117,924	$67.6M	Reduce -3.7%
PLTR Palantir Technologies Inc. Class A	0.53%	355,523	$63.2M	Reduce -1.1%
LRCX Lam Research Corp.	0.51%	357,960	$61.3M	Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.51%	1,113,180	$61.2M	Reduce -4.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.51%	205,121	$60.8M	Reduce -3.0%
APH Amphenol Corp. Class A	0.50%	437,489	$59.1M	Add +38.1%
INTU Intuit Inc.	0.49%	88,500	$58.6M	Add +3.0%
MCD McDonald's Corp.	0.48%	189,010	$57.8M	Reduce -4.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.48%	372,168	$57.2M	Add +7.2%
T AT&T Inc.	0.48%	2,295,470	$57.0M	Add +4.6%
TIGO Millicom Intl Cellular S.A.	0.46%	1,000,000	$55.4M	New
LIN Linde PLC	0.46%	129,827	$55.4M	Reduce -17.6%
HD Home Depot Inc.	0.46%	160,210	$55.1M	Reduce -0.9%
ACN Accenture PLC Class A	0.46%	203,523	$54.6M	Reduce -1.7%
PGR Progressive Corp.	0.46%	238,970	$54.4M	Add +3.9%
AMD Advanced Micro Devices	0.45%	253,202	$54.2M	Reduce -0.9%
ORCL Oracle Corp.	0.45%	277,832	$54.2M	Reduce -0.5%
AMAT Applied Materials Inc.	0.45%	209,058	$53.7M	Reduce -3.3%
CRM Salesforce Inc.	0.43%	194,655	$51.6M	Reduce -1.6%
MU Micron Technology Inc.	0.43%	178,587	$51.0M	Reduce -0.5%
GE General Electric filed as GE AEROSPACE	0.42%	161,101	$49.6M	Reduce -40.5%
QCOM Qualcomm Inc.	0.42%	289,756	$49.6M	Reduce -2.8%
BKR Baker Hughes Co.	0.41%	1,074,803	$48.9M	Reduce -0.4%
WFC Wells Fargo & Co.	0.41%	521,879	$48.6M	Add +0.2%
ADBE Adobe Inc.	0.41%	138,456	$48.5M	Add +4.2%
ISRG Intuitive Surgical Inc.	0.39%	82,099	$46.5M	Add +0.3%
MCK McKesson Corp.	0.38%	55,693	$45.7M	Reduce -7.6%
VZ Verizon Communications Inc.	0.38%	1,121,313	$45.7M	Reduce -1.6%
UBER Uber Technologies Inc.	0.38%	551,833	$45.1M	Add +6.0%
GS Goldman Sachs Group Inc.	0.37%	50,745	$44.6M	Add +1.6%
CME Cme Group Inc.	0.37%	161,477	$44.1M	Add +29.7%
CB Chubb Ltd.	0.36%	136,746	$42.7M	Add +1.4%
KLAC KLA Corp.	0.35%	34,562	$42.0M	Add +1.1%
TMUS T-Mobile US Inc.	0.34%	200,754	$40.8M	Reduce -1.9%
VRTX Vertex Pharmaceuticals Inc.	0.34%	89,062	$40.4M	Reduce -0.6%
COR Cencora Inc.	0.34%	118,677	$40.1M	Reduce -8.5%
ANET Arista Networks Inc.	0.33%	303,284	$39.7M	Add +0.1%
MRSH Marsh & McLennan Cos	0.33%	213,231	$39.6M	Reduce -4.0%
UNP Union Pacific Corp.	0.32%	166,226	$38.5M	Reduce -3.5%
TXN Texas Instruments Inc.	0.32%	221,031	$38.3M	Reduce -2.5%
BLK BlackRock Inc.	0.30%	33,919	$36.3M	Reduce -2.2%
GILD Gilead Sciences Inc.	0.30%	295,063	$36.2M	Reduce -1.1%
NOW ServiceNow Inc.	0.30%	235,430	$36.1M	Add +1.6%
C Citigroup Inc.	0.30%	305,391	$35.6M	Reduce -4.3%
AMGN Amgen Inc.	0.28%	103,892	$34.0M	Reduce -3.5%
AXP American Express Co.	0.28%	91,823	$34.0M	Reduce -3.4%
TMO Thermo Fisher Scientific Inc.	0.28%	57,433	$33.3M	Reduce -1.6%
MS Morgan Stanley	0.28%	186,033	$33.0M	Reduce -4.4%
WM Waste Management Inc.	0.27%	145,696	$32.0M	Reduce -3.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.27%	280,100	$31.9M	Reduce -1.6%
CEG Constellation Energy	0.26%	88,014	$31.1M	Reduce -0.9%
AZO AutoZone Inc.	0.25%	8,839	$30.0M	Add +8.9%
ORLY O'reilly Automotive Inc.	0.25%	324,434	$29.6M	Reduce -1.5%
ADP Automatic Data Processing	0.24%	112,938	$29.1M	Reduce -14.9%
PANW Palo Alto Networks Inc.	0.24%	155,525	$28.6M	Reduce -1.0%
BKNG Booking Holdings Inc.	0.24%	5,315	$28.5M	Add +2.3%
ROP Roper Technologies Inc.	0.24%	63,928	$28.5M	Reduce -0.2%
SCHW Schwab (charles) Corp.	0.23%	276,460	$27.6M	Reduce -1.7%
RSG Republic Services Inc.	0.23%	130,174	$27.6M	Reduce -7.9%
SPGI S&P Global Inc.	0.23%	52,760	$27.6M	Reduce -1.9%
WELL Welltower Inc.	0.23%	148,420	$27.5M	New
GEV GE Vernova Inc.	0.23%	42,107	$27.5M	Add +98.0%
CL Colgate-Palmolive Co.	0.23%	345,724	$27.3M	Add +4.6%
BSX Boston Scientific Corp.	0.23%	284,570	$27.1M	Reduce -2.0%
ETN Eaton Corp. PLC	0.23%	84,825	$27.0M	Reduce -11.5%
INTC Intel Corp.	0.22%	718,011	$26.5M	Add +0.5%
BMY Bristol-Myers Squibb Co.	0.22%	489,806	$26.4M	Reduce -4.1%
MNST Monster Beverage Corp.	0.21%	330,941	$25.4M	Add +6.1%
COF Capital One Financial Corp.	0.21%	104,421	$25.3M	Reduce -1.3%
TT Trane Technologies PLC	0.21%	64,223	$25.0M	Reduce -1.6%
LNG Cheniere Energy Inc.	0.21%	127,800	$24.8M	Reduce -28.9%
ELV Elevance Health Inc.	0.20%	68,952	$24.2M	Reduce -11.8%
MCO Moody's Corp.	0.20%	46,763	$23.9M	Add +2.2%
DHR Danaher Corp.	0.20%	103,372	$23.7M	Reduce -5.3%
CBOE Cboe Global Markets Inc.	0.20%	92,742	$23.3M	Reduce -2.6%
TRV The Travelers Cos Inc.	0.19%	80,091	$23.2M	Reduce -9.3%
APP AppLovin Corp. Class A	0.19%	34,380	$23.2M	Reduce -2.9%
EA Electronic Arts Inc.	0.19%	113,239	$23.1M	Add +23.8%
PH Parker Hannifin Corp.	0.19%	26,250	$23.1M	Add +1.7%
ADSK Autodesk Inc.	0.19%	77,742	$23.0M	Add +39.4%
MELI MercadoLibre Inc.	0.19%	11,400	$23.0M	Reduce -1.4%
PFE Pfizer Inc.	0.19%	921,771	$23.0M	Reduce -9.1%
LOW Lowe's Cos Inc.	0.19%	91,955	$22.2M	Reduce -1.5%
KR Kroger Co.	0.18%	352,883	$22.0M	Add +3.9%
AON Aon PLC Class A	0.18%	61,365	$21.7M	Reduce -20.2%
MDLZ Mondelez International Inc. Class A	0.18%	397,830	$21.4M	Reduce -2.8%
CDNS Cadence Design SYS Inc.	0.18%	68,163	$21.3M	Reduce -3.5%
ADI Analog Devices Inc.	0.18%	77,086	$20.9M	Reduce -3.4%
ECL Ecolab Inc.	0.17%	79,245	$20.8M	Add +4.7%
FTNT Fortinet Inc.	0.17%	257,080	$20.4M	Reduce -10.1%
CRWD CrowdStrike Holdings Inc. Class A	0.17%	43,457	$20.4M	Reduce -3.5%
PLD Prologis Inc.	0.17%	157,421	$20.1M	New
YUM Yum! Brands Inc.	0.17%	131,780	$19.9M	Reduce -2.4%
HCA HCA Healthcare Inc.	0.17%	42,469	$19.8M	Reduce -7.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.16%	75,954	$19.7M	Reduce -0.1%
WCN Waste Connections Inc.	0.16%	111,800	$19.6M	Reduce -12.7%
GM General Motors Co.	0.16%	235,580	$19.2M	Reduce -6.1%
MMM 3M Co.	0.16%	119,468	$19.1M	Reduce -7.7%
BX Blackstone Inc.	0.15%	119,272	$18.4M	Add +1.4%
CTAS Cintas Corp.	0.15%	96,976	$18.2M	Reduce -2.9%
ODFL Old Dominion Freight Line	0.15%	115,538	$18.1M	Add +29.8%
DE Deere & Co.	0.15%	38,666	$18.0M	Reduce -3.2%
MDT Medtronic PLC	0.15%	185,779	$17.8M	Reduce -2.4%
ZTS Zoetis Inc.	0.15%	141,411	$17.8M	Add +10.8%
CMG Chipotle Mexican Grill Inc.	0.15%	479,450	$17.7M	Reduce -0.8%
ACGL Arch Capital Group Ltd.	0.15%	184,450	$17.7M	Reduce -17.5%
CMCSA Comcast Corp. Class A	0.15%	590,251	$17.6M	Reduce -2.5%
SYK Stryker Corp.	0.15%	49,623	$17.4M	Reduce -0.1%
NKE Nike Inc. Class B	0.15%	272,492	$17.4M	Reduce -10.0%
CTSH Cognizant Tech Solutions-A	0.14%	204,620	$17.0M	Reduce -4.8%
EXC Exelon Corp.	0.14%	386,626	$16.9M	Reduce -16.4%
ICE Intercontinental Exchange Inc.	0.14%	101,706	$16.5M	Reduce -3.7%
CVS CVS Health Corp.	0.14%	206,550	$16.4M	Reduce -1.2%
HWM Howmet Aerospace Inc.	0.14%	79,453	$16.3M	Reduce -4.0%
CI The Cigna Group	0.14%	59,107	$16.3M	Reduce -2.0%
IDXX Idexx Laboratories Inc.	0.14%	23,972	$16.2M	Add +1.6%
VRSN Verisign Inc.	0.14%	66,389	$16.1M	Reduce -2.3%
CMI Cummins Inc.	0.13%	31,495	$16.1M	Reduce -6.8%
MRVL Marvell Technology Inc.	0.13%	182,847	$15.5M	Reduce -2.1%
SBUX Starbucks Corp.	0.13%	182,895	$15.4M	Reduce -2.2%
NSC Norfolk Southern Corp.	0.13%	52,712	$15.2M	Reduce -5.7%
GLW Corning Inc.	0.13%	173,571	$15.2M	Add +25.4%
REGN Regeneron Pharmaceuticals	0.13%	19,652	$15.2M	Reduce -44.3%
SNOW Snowflake Inc.	0.13%	68,900	$15.1M	Reduce -0.4%
GIS General Mills Inc.	0.13%	323,028	$15.0M	Reduce -15.0%
TEL Te Connectivity PLC	0.13%	65,778	$15.0M	Reduce -15.4%
VRT Vertiv Holdings Co. Class A	0.12%	90,900	$14.7M	Reduce -3.4%
DASH DoorDash Inc. Class A	0.12%	64,000	$14.5M	Add +9.8%
ALL Allstate Corp.	0.12%	69,283	$14.4M	Reduce -4.2%
CSX CSX Corp.	0.12%	396,633	$14.4M	Reduce -37.6%
STLD Steel Dynamics Inc.	0.12%	83,637	$14.2M	Add +29.2%
ITW Illinois Tool Works	0.12%	57,412	$14.1M	Reduce -10.9%
CHD Church & Dwight Co. Inc.	0.12%	168,193	$14.1M	Reduce -6.3%
CHKP Check Point Software Tech	0.12%	75,453	$14.0M	Add +1.1%
TDY Teledyne Technologies Inc.	0.12%	27,253	$13.9M	Reduce -8.4%
SNPS Synopsys Inc.	0.12%	29,590	$13.9M	Reduce -27.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.12%	118,927	$13.8M	Reduce -3.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.11%	194,793	$13.7M	Reduce -3.7%
UTHR United Therapeutics Corp.	0.11%	27,880	$13.6M	Add +1.4%
APTV Aptiv PLC	0.11%	175,259	$13.3M	Add +29.5%
PYPL PayPal Holdings Inc.	0.11%	227,940	$13.3M	Reduce -3.4%
USB US Bancorp	0.11%	247,119	$13.2M	Reduce -5.5%
CAH Cardinal Health Inc.	0.11%	63,800	$13.1M	Reduce -11.3%
AMT American Tower Corp.	0.11%	73,984	$13.0M	Reduce -4.2%
HOOD Robinhood Markets Inc. Class A	0.11%	114,700	$13.0M	Reduce -0.4%
NET Cloudflare Inc. Class A	0.11%	65,728	$13.0M	Reduce -3.2%
FFIV F5 Inc.	0.11%	50,400	$12.9M	Reduce -14.1%
EQIX Equinix Inc.	0.11%	16,659	$12.8M	New
CRH CRH PLC	0.11%	101,400	$12.7M	Add +58.7%
EMR Emerson Electric Co.	0.10%	94,367	$12.5M	Reduce -9.0%
KKR KKR & Co. Inc.	0.10%	97,975	$12.5M	Reduce -4.6%
EME Emcor Group Inc.	0.10%	20,180	$12.3M	Add +23.8%
PNC PNC Financial Services Group	0.10%	58,983	$12.3M	Reduce -0.3%
HSY The Hershey Co.	0.10%	67,419	$12.3M	Reduce -6.9%
WTW Willis Towers Watson PLC	0.10%	37,328	$12.3M	Reduce -3.3%
FERG Ferguson Enterprises Inc.	0.10%	54,907	$12.2M	Reduce -5.2%
NUE Nucor Corp.	0.10%	74,786	$12.2M	Add +55.5%
ALNY Alnylam Pharmaceuticals Inc.	0.10%	30,215	$12.0M	No change
D Dominion Energy Inc.	0.10%	203,900	$11.9M	Reduce -2.1%
MPWR Monolithic Power Systems Inc.	0.10%	13,158	$11.9M	Add +2.8%
FWONK Liberty Media Corp. Class C	0.10%	120,197	$11.8M	Add +1.4%
GWW WW Grainger Inc.	0.10%	11,691	$11.8M	Reduce -13.6%
APO Apollo Global Management Inc.	0.10%	81,165	$11.7M	Add +0.9%
CVNA Carvana Co.	0.10%	27,820	$11.7M	Add +2.7%
NI Nisource Inc.	0.10%	280,000	$11.7M	No change
FAST Fastenal Co.	0.10%	290,035	$11.6M	Reduce -8.6%
ROL Rollins Inc.	0.10%	191,278	$11.5M	Add +10.1%
EW Edwards Lifesciences Corp.	0.10%	134,035	$11.4M	Reduce -2.8%
JCI Johnson Controls Internation	0.09%	93,838	$11.2M	Reduce -12.5%
GDDY GoDaddy Inc. Class A	0.09%	89,898	$11.2M	Reduce -11.7%
PWR Quanta Services Inc.	0.09%	26,120	$11.0M	Reduce -7.2%
SPG Simon Property Group Inc.	0.09%	59,467	$11.0M	New
RCL Royal Caribbean Cruises Ltd.	0.09%	39,268	$11.0M	Reduce -1.9%
FIX Comfort Systems USA Inc.	0.09%	11,680	$10.9M	New
INCY Incyte Corp.	0.09%	109,219	$10.8M	Reduce -8.4%
WBD Warner Bros Discovery Inc.	0.09%	369,600	$10.7M	Add +2.7%
SE Sea Ltd.-ADR	0.09%	83,473	$10.6M	New
VEEV Veeva Systems Inc. Class A	0.09%	47,569	$10.6M	Add +3.3%
KDP Keurig Dr Pepper Inc.	0.09%	378,839	$10.6M	Reduce -5.4%
WDAY Workday Inc. Class A	0.09%	49,357	$10.6M	Reduce -4.8%
F Ford Motor Co. filed as FORD MTR CO	0.09%	807,760	$10.6M	Add +21.8%
TYL Tyler Technologies Inc.	0.09%	23,340	$10.6M	Reduce -1.9%
CTVA Corteva Inc.	0.09%	157,801	$10.6M	Reduce -37.4%
BRO Brown & Brown Inc.	0.09%	131,743	$10.5M	Reduce -11.9%
PSA Public Storage	0.09%	40,392	$10.5M	New
ABNB Airbnb Inc. Class A	0.09%	76,100	$10.3M	Reduce -2.7%
TFC Truist Financial Corp.	0.09%	209,198	$10.3M	Reduce -4.9%
CPRT Copart Inc.	0.09%	260,556	$10.2M	Add +5.3%
MAR Marriott International Class A	0.09%	32,818	$10.2M	Add +2.5%
AFL Aflac Inc.	0.08%	91,674	$10.1M	Reduce -33.5%
BDX Becton Dickinson and Co.	0.08%	51,971	$10.1M	Reduce -4.9%
O Realty Income Corp.	0.08%	177,053	$10.0M	New
AMP Ameriprise Financial Inc.	0.08%	20,341	$10.0M	Reduce -12.8%
TEVA Teva Pharmaceutical-SP ADR	0.08%	318,743	$9.9M	New
TDG Transdigm Group Inc.	0.08%	7,427	$9.9M	Add +0.5%
RBLX Roblox Corp. Class A	0.08%	121,800	$9.9M	Add +0.4%
BR Broadridge Financial Solutio	0.08%	44,142	$9.9M	Reduce -13.2%
CYBR Cyberark Software Ltd./Israel	0.08%	22,043	$9.8M	Add +15.5%
HLT Hilton Worldwide Holdings Inc.	0.08%	34,040	$9.8M	Reduce -7.5%
NXPI NXP Semiconductors NV	0.08%	44,129	$9.6M	Reduce -57.7%
AWK American Water Works Co. Inc.	0.08%	73,215	$9.6M	Reduce -21.4%
PAYX Paychex Inc.	0.08%	85,045	$9.5M	Reduce -9.1%
GRMN Garmin Ltd.	0.08%	46,601	$9.5M	Add +0.4%
ROK Rockwell Automation Inc.	0.08%	24,235	$9.4M	Add +2.7%
WDC Western Digital Corp.	0.08%	54,466	$9.4M	Reduce -1.1%
NEE Nextera Energy Inc.	0.08%	116,734	$9.4M	Reduce -16.8%
STX Seagate Technology Holdings	0.08%	34,008	$9.4M	Reduce -3.7%
A Agilent Technologies Inc.	0.08%	68,824	$9.4M	Reduce -3.6%
DLR Digital Realty Trust Inc.	0.08%	59,920	$9.3M	New
HIG Hartford Insurance Group Inc.	0.08%	67,264	$9.3M	Add +125.2%
DHI D.R. Horton Inc.	0.08%	63,738	$9.2M	Reduce -7.9%
VST Vistra Corp.	0.08%	56,800	$9.2M	Add +5.2%
FICO Fair Isaac Corp.	0.08%	5,380	$9.1M	Reduce -12.5%
PTC PTC Inc.	0.08%	51,699	$9.0M	Reduce -4.3%
FLUT Flutter Entertainment PLC-Di	0.08%	41,784	$9.0M	Reduce -3.1%
NDAQ Nasdaq Inc.	0.07%	91,515	$8.9M	Add +2.9%
INSM Insmed Inc.	0.07%	50,500	$8.8M	New
XYL Xylem Inc.	0.07%	64,339	$8.8M	Reduce -3.3%
ROST Ross Stores Inc.	0.07%	48,620	$8.8M	Add +3.4%
CCK Crown Holdings Inc.	0.07%	85,000	$8.8M	Reduce -41.9%
DGX Quest Diagnostics Inc.	0.07%	50,320	$8.7M	Add +18.1%
TSN Tyson Foods Inc. Class A	0.07%	148,546	$8.7M	Reduce -8.7%
VRSK Verisk Analytics Inc.	0.07%	37,872	$8.5M	Add +5.6%
FSLR First Solar Inc.	0.07%	32,100	$8.4M	Reduce -3.3%
MSCI MSCI Inc.	0.07%	14,510	$8.3M	Add +2.1%
WAB Wabtec Corp.	0.07%	38,593	$8.2M	Reduce -12.5%
AIG American International Group	0.07%	95,437	$8.2M	Reduce -2.4%
GGG Graco Inc.	0.07%	98,892	$8.1M	Reduce -12.0%
RMD Resmed Inc.	0.07%	33,488	$8.1M	Add +1.9%
EIX Edison International	0.07%	132,835	$8.0M	Add +26.7%
URI United Rentals Inc.	0.07%	9,706	$7.9M	Reduce -5.1%
KMB Kimberly-Clark Corp.	0.07%	77,796	$7.8M	Reduce -14.1%
AME Ametek Inc.	0.07%	38,073	$7.8M	Add +12.4%
SHW The Sherwin-Williams Co.	0.07%	24,123	$7.8M	Reduce -53.6%
CBRE CBRE Group Inc. Class A	0.07%	48,267	$7.8M	Add +3.9%
TGT Target Corp.	0.06%	78,801	$7.7M	Reduce -29.4%
ZM Zoom Communications Inc.	0.06%	88,000	$7.6M	Add +35.8%
MET Metlife Inc.	0.06%	96,015	$7.6M	Reduce -6.8%
HOLX Hologic Inc.	0.06%	101,614	$7.6M	Add +12.3%
MDB Mongodb Inc.	0.06%	17,927	$7.5M	Reduce -3.0%
VLTO Veralto Corp.	0.06%	74,757	$7.5M	Reduce -11.3%
IR Ingersoll-Rand Inc.	0.06%	94,012	$7.4M	Reduce -10.7%
L Loews Corp.	0.06%	70,485	$7.4M	Add +6.8%
TER Teradyne Inc.	0.06%	38,250	$7.4M	Reduce -2.8%
DG Dollar General Corp.	0.06%	55,734	$7.4M	Add +15.1%
CCI Crown Castle Inc.	0.06%	82,325	$7.3M	Add +0.7%
DXCM Dexcom Inc.	0.06%	110,044	$7.3M	Add +18.5%
NTRA Natera Inc.	0.06%	31,800	$7.3M	Reduce -3.6%
TSCO Tractor Supply Company	0.06%	145,550	$7.3M	Reduce -10.4%
ULTA Ulta Beauty Inc.	0.06%	12,005	$7.3M	Reduce -17.4%
GEHC GE Healthcare Technology	0.06%	86,955	$7.1M	Reduce -2.0%
COIN Coinbase Global Inc. Class A	0.06%	31,480	$7.1M	Add +3.5%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.06%	38,966	$7.1M	Reduce -15.0%
OTIS Otis Worldwide Corp.	0.06%	80,824	$7.1M	Reduce -2.2%
DDOG Datadog Inc. Class A	0.06%	51,911	$7.1M	Reduce -17.0%
SOFI Sofi Technologies Inc.	0.06%	268,000	$7.0M	Add +0.8%
DT Dynatrace Inc.	0.06%	161,746	$7.0M	Add +3.0%
TTWO Take-Two Interactive Softwre	0.06%	27,369	$7.0M	No change
RKLB Rocket Lab Corp.	0.06%	100,200	$7.0M	Add +2.4%
CARR Carrier Global Corp.	0.06%	130,989	$6.9M	Add +1.6%
LULU Lululemon Athletica Inc.	0.06%	33,000	$6.9M	Reduce -13.6%
CIEN Ciena Corp.	0.06%	29,300	$6.9M	New
FIS Fidelity National Info Serv	0.06%	101,817	$6.8M	Add +6.2%
AXON Axon Enterprise Inc.	0.06%	11,890	$6.8M	Add +4.9%
IT Gartner Inc.	0.06%	26,606	$6.7M	Reduce -27.0%
DECK Deckers Outdoor Corp.	0.05%	63,200	$6.6M	Add +5.7%
GEN Gen Digital Inc.	0.05%	240,831	$6.5M	Reduce -4.0%
EBAY eBay Inc.	0.05%	75,024	$6.5M	Add +10.3%
PHM Pultegroup Inc.	0.05%	55,654	$6.5M	Reduce -6.2%
HUM Humana Inc.	0.05%	25,416	$6.5M	Reduce -3.5%
FISV Fiserv Inc.	0.05%	95,383	$6.4M	Reduce -3.7%
DELL Dell Technologies -C	0.05%	50,756	$6.4M	Reduce -5.6%
SBAC SBA Communications Corp.	0.05%	32,406	$6.3M	New
ALB Albemarle Corp.	0.05%	44,000	$6.2M	New
WSM Williams-Sonoma Inc.	0.05%	34,499	$6.2M	Reduce -8.7%
IBKR Interactive Brokers Gro Class A	0.05%	95,700	$6.2M	Add +24.0%
ACM Aecom	0.05%	63,191	$6.0M	Reduce -19.6%
XYZ Block Inc.	0.05%	91,973	$6.0M	Reduce -4.6%
TEAM Atlassian Corp. Class A	0.05%	36,600	$5.9M	Reduce -4.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.05%	210,283	$5.9M	New
VTR Ventas Inc.	0.05%	76,227	$5.9M	New
SYF Synchrony Financial	0.05%	70,201	$5.9M	Reduce -5.1%
IQV Iqvia Holdings Inc.	0.05%	25,756	$5.8M	Reduce -8.2%
MKL Markel Group Inc.	0.05%	2,687	$5.8M	Add +3.9%
ARES Ares Management Corp. Class A	0.05%	35,700	$5.8M	Reduce -24.2%
HUBB Hubbell Inc.	0.05%	12,961	$5.8M	Reduce -3.0%
ZS Zscaler Inc.	0.05%	25,460	$5.7M	Reduce -0.6%
KEYS Keysight Technologies Inc.	0.05%	28,109	$5.7M	Reduce -0.3%
RDDT Reddit Inc. Class A	0.05%	24,800	$5.7M	Add +0.8%
FCNCA First Citizens Bcshs Class A	0.05%	2,655	$5.7M	Reduce -28.5%
EXPE Expedia Group Inc.	0.05%	19,734	$5.6M	Reduce -4.4%
IEX Idex Corp.	0.05%	31,307	$5.6M	Reduce -15.9%
WAT Waters Corp.	0.05%	14,633	$5.6M	Reduce -6.9%
EXR Extra Space Storage Inc.	0.05%	42,256	$5.5M	New
JBL Jabil Inc.	0.05%	24,034	$5.5M	Reduce -0.8%
AVB Avalonbay Communities Inc.	0.05%	29,971	$5.4M	Add +0.3%
WST West Pharmaceutical Services	0.05%	19,610	$5.4M	Reduce -1.5%
LPLA LPL Financial Holdings Inc.	0.04%	14,820	$5.3M	Reduce -6.8%
FLEX Flex Ltd.	0.04%	86,900	$5.3M	New
EFX Equifax Inc.	0.04%	24,104	$5.2M	Reduce -7.1%
CSGP Costar Group Inc.	0.04%	77,670	$5.2M	Add +1.4%
NVR NVR Inc.	0.04%	714	$5.2M	Reduce -6.5%
DRI Darden Restaurants Inc.	0.04%	28,253	$5.2M	Add +2.2%
HPE Hewlett Packard Enterprise	0.04%	216,360	$5.2M	Reduce -7.9%
CINF Cincinnati Financial Corp.	0.04%	31,768	$5.2M	Reduce -1.6%
RIVN Rivian Automotive Inc. Class A	0.04%	258,600	$5.1M	Reduce -2.6%
ALAB Astera Labs Inc.	0.04%	30,600	$5.1M	New
BSY Bentley Systems Inc. Class B	0.04%	133,006	$5.1M	Add +5.1%
SNA Snap-on Inc.	0.04%	14,650	$5.0M	Reduce -22.5%
NBIX Neurocrine Biosciences Inc.	0.04%	35,223	$5.0M	Reduce -5.4%
MTB M & T Bank Corp. filed as M & T BK CORP	0.04%	24,785	$5.0M	Reduce -11.8%
NTAP Netapp Inc.	0.04%	46,296	$5.0M	Reduce -29.1%
WMB Williams Cos Inc.	0.04%	82,000	$4.9M	New
MCHP Microchip Technology Inc.	0.04%	77,353	$4.9M	Add +0.8%
TWLO Twilio Inc. Class A	0.04%	34,592	$4.9M	Reduce -4.2%
CRDO Credo Technology Group Holdi	0.04%	34,100	$4.9M	New
CNC Centene Corp.	0.04%	118,960	$4.9M	Reduce -10.8%
RKT Rocket Cos Inc. Class A	0.04%	252,100	$4.9M	New
EG Everest Group Ltd.	0.04%	14,207	$4.8M	Add +59.9%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.04%	71,600	$4.8M	Add +3.3%
HUBS HubSpot Inc.	0.04%	11,853	$4.8M	Reduce -21.1%
TW Tradeweb Markets Inc. Class A	0.04%	44,159	$4.7M	Add +0.7%
CSL Carlisle Cos Inc.	0.04%	14,800	$4.7M	No change
MTD Mettler-Toledo International	0.04%	3,386	$4.7M	Reduce -8.6%
STT State Street Corp.	0.04%	36,416	$4.7M	Reduce -0.3%
CDW CDW Corp.	0.04%	34,451	$4.7M	Reduce -13.6%
BIIB Biogen Inc.	0.04%	26,553	$4.7M	Reduce -8.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.04%	45,077	$4.6M	Reduce -3.2%
AFRM Affirm Holdings Inc.	0.04%	62,000	$4.6M	Reduce -0.2%
RPRX Royalty Pharma PLC Class A	0.04%	118,350	$4.6M	Reduce -3.3%
KVUE Kenvue Inc.	0.04%	263,135	$4.5M	Reduce -12.2%
CCL Carnival Corp.	0.04%	147,200	$4.5M	Reduce -7.1%
FITB Fifth Third Bancorp	0.04%	95,844	$4.5M	Reduce -8.7%
ELS Equity Lifestyle Properties	0.04%	72,039	$4.4M	New
ILMN Illumina Inc.	0.04%	33,186	$4.4M	Reduce -1.5%
AER Aercap Holdings NV	0.04%	30,091	$4.3M	Add +27.6%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.04%	51,326	$4.3M	New
TPR Tapestry Inc.	0.04%	33,300	$4.3M	Reduce -10.2%
PNR Pentair PLC	0.04%	40,081	$4.2M	New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.03%	39,232	$4.1M	Reduce -9.0%
DOCU Docusign Inc.	0.03%	59,700	$4.1M	Reduce -12.6%
CFG Citizens Financial Group	0.03%	69,084	$4.0M	Reduce -10.3%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.03%	32,408	$4.0M	New
OMC Omnicom Group	0.03%	49,651	$4.0M	Add +38.5%
SYY Sysco Corp.	0.03%	53,814	$4.0M	Reduce -10.5%
CPAY Corpay Inc.	0.03%	13,152	$4.0M	Reduce -7.1%
NLY Annaly Capital Management Inc.	0.03%	175,651	$3.9M	New
LYV Live Nation Entertainment Inc.	0.03%	27,494	$3.9M	Add +1.1%
RF Regions Financial Corp.	0.03%	144,433	$3.9M	Reduce -4.7%
CCEP Coca-Cola Europacific Partne	0.03%	43,038	$3.9M	Reduce -15.2%
LH Labcorp Holdings Inc.	0.03%	15,547	$3.9M	Add +13.4%
RGLD Royal Gold Inc.	0.03%	17,500	$3.9M	Add +16.7%
LEN Lennar Corp. Class A	0.03%	37,682	$3.9M	Reduce -38.6%
ADM Archer-Daniels-Midland Co.	0.03%	67,243	$3.9M	Add +0.6%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.03%	60,866	$3.8M	New
FNF Fidelity National Financial	0.03%	69,969	$3.8M	Add +6.9%
TRMB Trimble Inc.	0.03%	48,380	$3.8M	Add +0.8%
SSNC Ss&c Technologies Holdings	0.03%	43,357	$3.8M	Reduce -9.2%
BURL Burlington Stores Inc.	0.03%	13,012	$3.8M	Add +0.3%
RJF Raymond James Financial Inc.	0.03%	23,339	$3.7M	Reduce -14.0%
TOST Toast Inc. Class A	0.03%	104,400	$3.7M	Add +1.0%
PAYC Paycom Software Inc.	0.03%	23,160	$3.7M	Add +23.4%
DKS Dick's Sporting Goods Inc.	0.03%	18,500	$3.7M	Reduce -3.1%
PODD Insulet Corp.	0.03%	12,798	$3.6M	Reduce -1.5%
PINS Pinterest Inc. Class A	0.03%	139,690	$3.6M	Add +1.8%
Q Qnity Electronics Inc.	0.03%	44,262	$3.6M	Add +819.7%
STE Steris PLC	0.03%	14,066	$3.6M	Reduce -3.4%
DKNG Draftkings Inc. Class A	0.03%	103,300	$3.6M	Add +2.4%
PRU Prudential Financial Inc.	0.03%	31,141	$3.5M	Add +12.7%
GPN Global Payments Inc.	0.03%	45,360	$3.5M	Add +0.7%
OKTA Okta Inc.	0.03%	40,400	$3.5M	Add +1.0%
NBIS Nebius Group NV	0.03%	41,733	$3.5M	New
DLTR Dollar Tree Inc.	0.03%	28,287	$3.5M	Reduce -7.8%
LVS Las Vegas Sands Corp.	0.03%	53,063	$3.5M	Reduce -20.2%
REG Regency Centers Corp.	0.03%	49,560	$3.4M	New
AVY Avery Dennison Corp.	0.03%	18,500	$3.4M	Add +74.5%
KIM Kimco Realty Corp.	0.03%	164,308	$3.3M	New
HBAN Huntington Bancshares Inc.	0.03%	189,963	$3.3M	Add +0.4%
TRU Transunion	0.03%	37,867	$3.2M	Reduce -18.9%
NTRS Northern Trust Corp.	0.03%	23,745	$3.2M	No change
GLPI Gaming and Leisure Propertie	0.03%	72,032	$3.2M	New
HRL Hormel Foods Corp.	0.03%	134,852	$3.2M	Reduce -37.5%
ON On Semiconductor	0.03%	58,814	$3.2M	Reduce -5.2%
BBY Best Buy Co. Inc.	0.03%	47,522	$3.2M	Reduce -5.0%
Z Zillow Group Inc. Class C	0.03%	46,533	$3.2M	Add +1.3%
DOV Dover Corp.	0.03%	16,215	$3.2M	Reduce -50.5%
WSO Watsco Inc.	0.03%	9,359	$3.2M	Reduce -9.3%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD	0.03%	19,198	$3.2M	New
PSNY Polestar Automotive Class A ADS	0.03%	145,586	$3.1M	New
ECHO Echostar Corp. Class A	0.03%	28,500	$3.1M	New
BE Bloom Energy Corp. Class A	0.03%	35,600	$3.1M	New
CG The Carlyle Group Inc.	0.03%	52,286	$3.1M	Add +1.4%
LII Lennox International Inc.	0.03%	6,284	$3.1M	Reduce -9.2%
AFG American Financial Group Inc.	0.03%	22,258	$3.0M	Add +57.2%
WPC WP Carey Inc.	0.03%	46,934	$3.0M	New
INVH Invitation Homes Inc.	0.02%	106,035	$2.9M	New
ESS Essex Property Trust Inc.	0.02%	11,258	$2.9M	New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.02%	77,272	$2.9M	Add +1.1%
ALLE Allegion PLC	0.02%	18,132	$2.9M	Reduce -24.2%
IONQ Ionq Inc.	0.02%	63,900	$2.9M	New
WIX Wix.com Ltd.	0.02%	27,186	$2.8M	Add +51.1%
KHC The Kraft Heinz Co.	0.02%	114,761	$2.8M	Reduce -71.7%
HPQ HP Inc.	0.02%	124,599	$2.8M	Reduce -13.8%
IOT Samsara Inc. Class A	0.02%	76,900	$2.7M	Add +37.6%
MAA Mid-America Apartment Comm	0.02%	19,134	$2.7M	New
ENTG Entegris Inc.	0.02%	31,400	$2.6M	Add +0.3%
UPS United Parcel Service Class B	0.02%	26,641	$2.6M	Reduce -1.1%
BAH Booz Allen Hamilton Holdings	0.02%	31,264	$2.6M	Reduce -43.7%
WTRG Essential Utilities Inc.	0.02%	68,336	$2.6M	New
MTZ Mastec Inc.	0.02%	12,000	$2.6M	Add +33.3%
MKC McCormick & Co.-Non VTG SHRS	0.02%	38,244	$2.6M	Reduce -13.6%
STZ Constellation Brands Inc. Class A	0.02%	18,749	$2.6M	Reduce -6.0%
NTNX Nutanix Inc. Class A	0.02%	49,700	$2.6M	Reduce -16.5%
DPZ Domino's Pizza Inc.	0.02%	6,107	$2.5M	Reduce -12.6%
ERIE Erie Indemnity Company Class A	0.02%	8,806	$2.5M	Add +3.5%
CHTR Charter Communications Inc. Class A	0.02%	11,889	$2.5M	Reduce -9.4%
SMCI Super Micro Computer Inc.	0.02%	84,200	$2.5M	Reduce -31.5%
CRBG Corebridge Financial Inc.	0.02%	81,009	$2.4M	Reduce -19.7%
FTV Fortive Corp.	0.02%	43,619	$2.4M	Reduce -26.1%
CRWV Coreweave Inc. Class A	0.02%	33,300	$2.4M	New
COO The Cooper Cos Inc.	0.02%	29,020	$2.4M	No change
AMH American Homes 4 Rent- A	0.02%	73,200	$2.3M	Reduce -15.3%
PFG Principal Financial Group	0.02%	25,151	$2.2M	Add +0.8%
BALL Ball Corp.	0.02%	41,400	$2.2M	Add +218.5%
SNAP Snap Inc. Class A	0.02%	267,642	$2.2M	Reduce -3.1%
KEY Keycorp	0.02%	104,013	$2.1M	Add +1.4%
ZBH Zimmer Biomet Holdings Inc.	0.02%	23,547	$2.1M	Reduce -1.3%
GPC Genuine Parts Co.	0.02%	16,362	$2.0M	Reduce -24.8%
FOXA Fox Corp. Class A	0.02%	26,388	$1.9M	Reduce -36.7%
EQH Equitable Holdings Inc.	0.02%	40,297	$1.9M	Reduce -8.0%
MDLN Medline Inc. Class A	0.02%	45,000	$1.9M	New
MAS Masco Corp.	0.01%	28,185	$1.8M	Add +2.5%
CNH CNH Industrial NV	0.01%	190,883	$1.8M	Reduce -15.8%
NAVN Navan Inc. Class A	0.01%	100,000	$1.7M	New
HEI.A Heico Corp. Class A	0.01%	6,699	$1.7M	Reduce -5.6%
MNDY Monday.com Ltd.	0.01%	11,121	$1.6M	Add +13.2%
BLDR Builders Firstsource Inc.	0.01%	15,900	$1.6M	Add +4.6%
DOC Healthpeak Properties Inc.	0.01%	101,000	$1.6M	Add +0.5%
SOLV Solventum Corp.	0.01%	20,157	$1.6M	Reduce -16.2%
UDR Udr Inc.	0.01%	42,531	$1.6M	New
NWSA News Corp. Class A	0.01%	57,976	$1.5M	Add +1.6%
NDSN Nordson Corp.	0.01%	6,188	$1.5M	Reduce -1.6%
WY Weyerhaeuser Co.	0.01%	60,644	$1.4M	New
ZBRA Zebra Technologies Corp. Class A	0.01%	5,905	$1.4M	Reduce -16.4%
CLX Clorox Company	0.01%	13,530	$1.4M	Reduce -11.2%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.01%	13,777	$1.3M	Reduce -45.1%
AMCR Amcor PLC	0.01%	155,700	$1.3M	New
VMC Vulcan Materials Co.	0.01%	4,443	$1.3M	Reduce -21.5%
BXP BXP Inc.	0.01%	18,700	$1.3M	Reduce -19.1%
BG Bunge Global SA	0.01%	13,654	$1.2M	Reduce -1.4%
HEI Heico Corp.	0.01%	3,672	$1.2M	Reduce -8.5%
MLM Martin Marietta Materials	0.01%	1,790	$1.1M	Reduce -29.8%
BF.B Brown-Forman Corp. Class B	0.01%	41,536	$1.1M	Reduce -13.5%
ARE Alexandria Real Estate Equit	0.01%	21,488	$1.1M	Add +7.0%
FOX Fox Corp. Class B	0.01%	13,786	$895K	Reduce -39.8%
BAX Baxter International Inc.	0.01%	44,534	$851K	Add +8.0%
DOW Dow Inc.	0.01%	26,383	$617K	Reduce -18.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.01%	9,009	$607K	Reduce -7.2%
PPG PPG Industries Inc.	0.00%	5,600	$574K	Reduce -78.4%
H Hyatt Hotels Corp. Class A	0.00%	3,522	$565K	Reduce -5.4%
IP International Paper Co.	0.00%	13,000	$512K	Add +12.1%
LAUR Laureate Education Inc.	0.00%	15,000	$505K	New
DD Dupont DE Nemours Inc.	0.00%	12,425	$499K	Add +29.1%
SW Smurfit Westrock PLC	0.00%	12,300	$476K	Add +12.8%
UAL United Airlines Holdings Inc.	0.00%	3,100	$347K	New
MRP Millrose Properties	0.00%	6,393	$191K	New
FG F&G Annuities & Life Inc.	0.00%	4,198	$130K	New
LUNG Pulmonx Corp.	0.00%	40,000	$88K	Reduce -47.5%
MKTX Marketaxess Holdings Inc.	0.00%	44	$8K	New
GLBE Global-E Online Ltd.	0.00%	46	$2K	No change
RS Reliance Inc.	0.00%	4	$1K	New
NLOP Net Lease Office Property	0.00%	1	$26	New

Portfolio Sells Q3 2025 → Q4 2025


MSFT Microsoft Corp.	Reduce -1.6%	5.13%	−0.62
NVDA Nvidia Corp.	Reduce -4.5%	6.58%	−0.52
NFLX Netflix Inc.	Reduce -0.6%	0.90%	−0.29
GE General Electric	Reduce -40.5%	0.42%	−0.29
ORCL Oracle Corp.	Reduce -0.5%	0.45%	−0.22
LIN Linde PLC	Reduce -17.6%	0.46%	−0.18
K Kellanova	Sold out	0.00%	−0.16
LNG Cheniere Energy Inc.	Reduce -28.9%	0.21%	−0.16
UNH Unitedhealth Group Inc.	Reduce -11.6%	0.67%	−0.15
NXPI NXP Semiconductors NV	Reduce -57.7%	0.08%	−0.12
PG The Procter & Gamble Co.	Reduce -1.8%	0.88%	−0.11
HD Home Depot Inc.	Reduce -0.9%	0.46%	−0.10
ADP Automatic Data Processing	Reduce -14.9%	0.24%	−0.09
SHW The Sherwin-Williams Co.	Reduce -53.6%	0.07%	−0.09
ETN Eaton Corp. PLC	Reduce -11.5%	0.23%	−0.08
TMUS T-Mobile US Inc.	Reduce -1.9%	0.34%	−0.08
CSX CSX Corp.	Reduce -37.6%	0.12%	−0.07
KHC The Kraft Heinz Co.	Reduce -71.7%	0.02%	−0.07
AAPL Apple Inc.	Reduce -4.6%	5.78%	−0.06
CTVA Corteva Inc.	Reduce -37.4%	0.09%	−0.06
ORLY O'reilly Automotive Inc.	Reduce -1.5%	0.25%	−0.06
SNPS Synopsys Inc.	Reduce -27.3%	0.12%	−0.06
FISV Fiserv Inc.	Reduce -3.7%	0.05%	−0.06
FFIV F5 Inc.	Reduce -14.1%	0.11%	−0.06
AON Aon PLC Class A	Reduce -20.2%	0.18%	−0.05
MRSH Marsh & McLennan Cos	Reduce -4.0%	0.33%	−0.05
VZ Verizon Communications Inc.	Reduce -1.6%	0.38%	−0.05
CCK Crown Holdings Inc.	Reduce -41.9%	0.07%	−0.05
RSG Republic Services Inc.	Reduce -7.9%	0.23%	−0.05
AFL Aflac Inc.	Reduce -33.5%	0.08%	−0.05
TSLA Tesla Inc.	Reduce -5.7%	0.58%	−0.05
BMRN Biomarin Pharmaceutical Inc.	Sold out	0.00%	−0.05
BLK BlackRock Inc.	Reduce -2.2%	0.30%	−0.04
ABBV Abbvie Inc.	Reduce -2.6%	0.62%	−0.04
REGN Regeneron Pharmaceuticals	Reduce -44.3%	0.13%	−0.04
BKR Baker Hughes Co.	Reduce -0.4%	0.41%	−0.04
AKAM Akamai Technologies Inc.	Sold out	0.00%	−0.04
MDLZ Mondelez International Inc. Class A	Reduce -2.8%	0.18%	−0.04
MELI MercadoLibre Inc.	Reduce -1.4%	0.19%	−0.04
GIS General Mills Inc.	Reduce -15.0%	0.13%	−0.04
AJG Arthur J Gallagher & Co.	Reduce -0.1%	0.16%	−0.04
EXC Exelon Corp.	Reduce -16.4%	0.14%	−0.04
ACM Aecom	Reduce -19.6%	0.05%	−0.04
TXN Texas Instruments Inc.	Reduce -2.5%	0.32%	−0.04
ROP Roper Technologies Inc.	Reduce -0.2%	0.24%	−0.04
FDS Factset Research Systems Inc.	Sold out	0.00%	−0.04
FAST Fastenal Co.	Reduce -8.6%	0.10%	−0.04
NKE Nike Inc. Class B	Reduce -10.0%	0.15%	−0.04
FTNT Fortinet Inc.	Reduce -10.1%	0.17%	−0.04
MCD McDonald's Corp.	Reduce -4.8%	0.48%	−0.04

Portfolio Buys Q3 2025 → Q4 2025


IEMG iShares Core MSCI Emerging	New	1.74%	+1.74
LLY Eli Lilly & Co.	Add +0.0%	1.93%	+0.52
TIGO Millicom Intl Cellular S.A.	New	0.46%	+0.46
WELL Welltower Inc.	New	0.23%	+0.23
PLD Prologis Inc.	New	0.17%	+0.17
APH Amphenol Corp. Class A	Add +38.1%	0.50%	+0.16
GEV GE Vernova Inc.	Add +98.0%	0.23%	+0.12
EQIX Equinix Inc.	New	0.11%	+0.11
SPG Simon Property Group Inc.	New	0.09%	+0.09
FIX Comfort Systems USA Inc.	New	0.09%	+0.09
SE Sea Ltd.-ADR	New	0.09%	+0.09
PSA Public Storage	New	0.09%	+0.09
O Realty Income Corp.	New	0.08%	+0.08
TEVA Teva Pharmaceutical-SP ADR	New	0.08%	+0.08
CME Cme Group Inc.	Add +29.7%	0.37%	+0.08
DLR Digital Realty Trust Inc.	New	0.08%	+0.08
ISRG Intuitive Surgical Inc.	Add +0.3%	0.39%	+0.07
INSM Insmed Inc.	New	0.07%	+0.07
CIEN Ciena Corp.	New	0.06%	+0.06
SBAC SBA Communications Corp.	New	0.05%	+0.05
ALB Albemarle Corp.	New	0.05%	+0.05
VICI Vici Properties Inc.	New	0.05%	+0.05
VTR Ventas Inc.	New	0.05%	+0.05
TJX TJX Companies Inc.	Add +7.2%	0.48%	+0.05
EXR Extra Space Storage Inc.	New	0.05%	+0.05
NUE Nucor Corp.	Add +55.5%	0.10%	+0.05
FLEX Flex Ltd.	New	0.04%	+0.04
ODFL Old Dominion Freight Line	Add +29.8%	0.15%	+0.04
HIG Hartford Insurance Group Inc.	Add +125.2%	0.08%	+0.04
ALAB Astera Labs Inc.	New	0.04%	+0.04
WMB Williams Cos Inc.	New	0.04%	+0.04
CRDO Credo Technology Group Holdi	New	0.04%	+0.04
RKT Rocket Cos Inc. Class A	New	0.04%	+0.04
STLD Steel Dynamics Inc.	Add +29.2%	0.12%	+0.04
ADSK Autodesk Inc.	Add +39.4%	0.19%	+0.04
CRH CRH PLC	Add +58.7%	0.11%	+0.04
KO The Coca-Cola Co.	Add +2.6%	0.77%	+0.04
ELS Equity Lifestyle Properties	New	0.04%	+0.04
IRM Iron Mountain Inc.	New	0.04%	+0.04
PNR Pentair PLC	New	0.04%	+0.04
EA Electronic Arts Inc.	Add +23.8%	0.19%	+0.03
KLAC KLA Corp.	Add +1.1%	0.35%	+0.03
SUI Sun Communities Inc.	New	0.03%	+0.03
NLY Annaly Capital Management Inc.	New	0.03%	+0.03
VMRK Vivmark Residential	New	0.03%	+0.03
MNST Monster Beverage Corp.	Add +6.1%	0.21%	+0.03
WFC Wells Fargo & Co.	Add +0.2%	0.41%	+0.03
GS Goldman Sachs Group Inc.	Add +1.6%	0.37%	+0.03
GLW Corning Inc.	Add +25.4%	0.13%	+0.03
CB Chubb Ltd.	Add +1.4%	0.36%	+0.03

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	525	$20.9B	NVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026	538	$18.3B	NVDA, AAPL, MSFT, AMZN, IEMG
Q4 2025	499	$11.9B	NVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025	465	$11.6B	NVDA, AAPL, MSFT, AMZN, META
Q2 2025	494	$10.8B	NVDA, MSFT, AAPL, AMZN, META
Q1 2025	527	$8.3B	AAPL, MSFT, NVDA, AMZN, META
Q4 2024	531	$9.9B	AAPL, NVDA, MSFT, AMZN, META
Q3 2024	527	$9.8B	AAPL, NVDA, MSFT, AMZN, META
Q1 2024	535	$9.0B	MSFT, AAPL, NVDA, AMZN, META