Gateway Investment Advisers LLC

Name: GATEWAY INVESTMENT ADVISERS LLC 13F holdings, Q1 2025
Creator: GATEWAY INVESTMENT ADVISERS LLC
Published: 2025-04-11

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 11, 2025), Gateway Investment Advisers LLC reported 504 stock positions worth $8.7 billion. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Nvidia (NVDA, 5.7%). Compared with Q4 2024, it opened 41 new positions, sold out of 23, added to 249 and reduced 187. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +5%) and the biggest sale Tesla (TSLA, shares −1%).

Most Recent 13F: Q2 2026
Location: CINCINNATI, OH
CIK: 0001114618
Portfolio Value: $8.7B (Q1 2025)
SEC Filing: 0001085146-25-002069 ↗ filed Apr 11, 2025

Holdings Value

Holdings 504 stocks · $8.7B


AAPL Apple Inc.	7.18%	2,815,403	$625.4M	Add +1.5%
MSFT Microsoft Corp.	6.15%	1,427,989	$536.1M	Add +0.5%
NVDA Nvidia Corp.	5.72%	4,599,046	$498.4M	Add +2.0%
AMZN Amazon.com Inc.	3.97%	1,818,290	$345.9M	Add +0.7%
META Meta Platforms Inc. Class A	2.82%	426,021	$245.5M	Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B	2.61%	426,191	$227.0M	Add +4.7%
GOOG Alphabet Inc. Class C	2.53%	1,410,117	$220.3M	Reduce -0.8%
JPM JPMorgan Chase & Co.	1.99%	707,934	$173.7M	Add +0.8%
V Visa Inc. Class A	1.91%	474,552	$166.3M	Add +1.9%
AVGO Broadcom Inc.	1.71%	889,361	$148.9M	Add +0.1%
LLY Eli Lilly & Co.	1.51%	159,138	$131.4M	Add +1.0%
TSLA Tesla Inc.	1.49%	500,195	$129.6M	Reduce -1.5%
XOM Exxon Mobil Corp.	1.24%	908,442	$108.0M	Add +2.2%
UNH Unitedhealth Group Inc.	1.23%	203,819	$106.8M	Add +0.8%
PG The Procter & Gamble Co.	1.22%	623,235	$106.2M	Add +10.9%
HD Home Depot Inc.	1.15%	272,810	$100.0M	Add +5.5%
COST Costco Wholesale Corp.	1.13%	103,903	$98.3M	Add +7.0%
GOOGL Alphabet Inc. Class A	1.08%	609,065	$94.2M	Add +6.8%
JNJ Johnson & Johnson	1.08%	564,807	$93.7M	Add +8.6%
NFLX Netflix Inc.	1.07%	100,401	$93.6M	Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.98%	2,052,586	$85.7M	Reduce -3.7%
ABBV Abbvie Inc.	0.93%	385,966	$80.9M	Add +4.3%
WMT Walmart Inc.	0.93%	920,235	$80.8M	Add +5.4%
CSCO Cisco Systems Inc.	0.89%	1,254,190	$77.4M	Reduce -3.8%
RTX RTX Corp.	0.84%	554,196	$73.4M	Add +0.7%
ABT Abbott Laboratories	0.82%	541,239	$71.8M	Add +1.0%
CVX Chevron Corp.	0.80%	414,637	$69.4M	Add +4.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.74%	187,472	$64.7M	Add +0.3%
BSX Boston Scientific Corp.	0.70%	603,863	$60.9M	Add +0.6%
WFC Wells Fargo & Co.	0.64%	778,130	$55.9M	Reduce -2.0%
MRK Merck & Co. Inc.	0.63%	615,565	$55.3M	Add +11.0%
ORCL Oracle Corp.	0.63%	393,922	$55.1M	Reduce -0.2%
MCD McDonald's Corp.	0.62%	173,603	$54.2M	Reduce -2.5%
WM Waste Management Inc.	0.61%	230,372	$53.3M	Reduce -0.0%
ADP Automatic Data Processing	0.61%	173,353	$53.0M	Add +0.0%
PEP Pepsico Inc.	0.61%	353,082	$52.9M	Add +10.3%
CRM Salesforce Inc.	0.60%	194,489	$52.2M	Add +8.2%
CAT Caterpillar Inc.	0.59%	157,081	$51.8M	Add +0.3%
MS Morgan Stanley	0.59%	443,935	$51.8M	Add +0.8%
ISRG Intuitive Surgical Inc.	0.59%	102,911	$51.0M	Reduce -6.1%
HON Honeywell International Inc.	0.57%	235,565	$49.9M	Reduce -0.6%
MDLZ Mondelez International Inc. Class A	0.56%	721,084	$48.9M	Add +0.1%
LOW Lowe's Cos Inc.	0.55%	207,140	$48.3M	Add +0.5%
PH Parker Hannifin Corp.	0.53%	75,247	$45.7M	Add +0.4%
ICE Intercontinental Exchange Inc.	0.52%	265,057	$45.7M	Add +0.0%
T AT&T Inc.	0.52%	1,607,912	$45.5M	Reduce -22.6%
BKNG Booking Holdings Inc.	0.52%	9,785	$45.1M	Reduce -1.5%
ADBE Adobe Inc.	0.51%	116,916	$44.8M	Add +0.8%
QCOM Qualcomm Inc.	0.51%	288,249	$44.3M	Reduce -0.3%
AMGN Amgen Inc.	0.51%	141,484	$44.1M	Add +0.1%
NOW ServiceNow Inc.	0.50%	54,732	$43.6M	Reduce -0.1%
ELV Elevance Health Inc.	0.50%	99,427	$43.2M	Add +0.2%
COP Conocophillips	0.49%	409,116	$43.0M	Reduce -4.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.49%	432,952	$42.7M	Reduce -6.7%
AEP American Electric Power	0.49%	389,217	$42.5M	Reduce -1.2%
AFL Aflac Inc.	0.48%	374,261	$41.6M	Add +0.0%
AEE Ameren Corporation	0.45%	387,032	$38.9M	Reduce -8.9%
TXN Texas Instruments Inc.	0.44%	214,111	$38.5M	Reduce -1.6%
DE Deere & Co.	0.44%	81,956	$38.5M	Add +14.9%
AMD Advanced Micro Devices	0.44%	371,761	$38.2M	Add +0.3%
ACN Accenture PLC Class A	0.43%	120,931	$37.7M	Add +1.4%
AON Aon PLC Class A	0.43%	93,632	$37.4M	Add +0.1%
VZ Verizon Communications Inc.	0.42%	808,899	$36.7M	Add +233.7%
DFS Discover Financial Services	0.42%	213,217	$36.4M	Add +0.2%
WEC WEC Energy Group Inc.	0.41%	324,433	$35.4M	Reduce -28.5%
GE General Electric filed as GE AEROSPACE	0.40%	174,408	$34.9M	Reduce -2.1%
HLT Hilton Worldwide Holdings Inc.	0.38%	146,140	$33.3M	Add +0.6%
ETN Eaton Corp. PLC	0.38%	120,978	$32.9M	Add +0.2%
VRTX Vertex Pharmaceuticals Inc.	0.37%	65,853	$31.9M	Add +0.0%
PLTR Palantir Technologies Inc. Class A	0.35%	363,704	$30.7M	Add +1861.4%
BA The Boeing Co.	0.35%	177,839	$30.3M	Add +0.2%
HCA HCA Healthcare Inc.	0.35%	87,658	$30.3M	Add +0.2%
CCI Crown Castle Inc.	0.35%	289,267	$30.2M	New
SCHW Schwab (charles) Corp.	0.34%	380,920	$29.8M	Add +1.4%
MSCI MSCI Inc.	0.33%	51,323	$29.0M	Add +0.0%
UBER Uber Technologies Inc.	0.33%	396,770	$28.9M	Add +273.1%
PFE Pfizer Inc.	0.31%	1,056,140	$26.8M	Reduce -7.6%
ADI Analog Devices Inc.	0.30%	131,549	$26.5M	Reduce -0.3%
MLM Martin Marietta Materials	0.30%	54,549	$26.1M	Add +2.1%
MNST Monster Beverage Corp.	0.29%	436,679	$25.6M	Reduce -2.7%
PAYX Paychex Inc.	0.29%	162,299	$25.0M	Reduce -0.0%
TRGP Targa Resources Corp.	0.29%	124,431	$24.9M	Reduce -0.3%
CSX CSX Corp.	0.29%	844,399	$24.9M	Reduce 0.0%
PLD Prologis Inc.	0.28%	216,999	$24.3M	Reduce -33.9%
CMI Cummins Inc.	0.28%	77,223	$24.2M	Reduce -0.8%
MA Mastercard Inc. Class A	0.28%	43,912	$24.1M	Add +3.3%
CPRT Copart Inc.	0.28%	425,135	$24.1M	Reduce -0.1%
PYPL PayPal Holdings Inc.	0.27%	362,456	$23.7M	Reduce -0.1%
ED Consolidated Edison Inc.	0.27%	212,663	$23.5M	Reduce -50.6%
UPS United Parcel Service Class B	0.27%	212,442	$23.4M	Add +3.3%
OKE Oneok Inc.	0.26%	231,892	$23.0M	Add +0.0%
CARR Carrier Global Corp.	0.26%	362,715	$23.0M	Add +0.3%
VRSN Verisign Inc.	0.26%	89,679	$22.8M	Add +1.8%
CDNS Cadence Design SYS Inc.	0.25%	85,612	$21.8M	Reduce -0.5%
CMCSA Comcast Corp. Class A	0.25%	588,045	$21.7M	Reduce -9.2%
SYF Synchrony Financial	0.25%	405,429	$21.5M	Add +0.0%
CVS CVS Health Corp.	0.24%	312,463	$21.2M	Add +3.1%
CTVA Corteva Inc.	0.24%	334,657	$21.1M	Add +0.1%
SBAC SBA Communications Corp.	0.22%	88,232	$19.4M	Add +15.7%
CDW CDW Corp.	0.22%	121,032	$19.4M	Add +0.3%
LNT Alliant Energy Corp.	0.21%	289,215	$18.6M	Reduce -1.6%
UNM Unum Group	0.21%	224,140	$18.3M	No change
MU Micron Technology Inc.	0.19%	192,308	$16.7M	Add +200.2%
KO The Coca-Cola Co.	0.19%	232,079	$16.6M	Add +3.3%
INTC Intel Corp.	0.19%	730,898	$16.6M	Reduce -1.0%
NVR NVR Inc.	0.19%	2,274	$16.5M	Add +0.8%
GLW Corning Inc.	0.17%	332,844	$15.2M	Reduce -0.0%
STZ Constellation Brands Inc. Class A	0.17%	81,356	$14.9M	Add +3466.7%
HUBB Hubbell Inc.	0.17%	43,507	$14.4M	Add +0.6%
GEV GE Vernova Inc.	0.16%	46,710	$14.3M	Add +181.8%
WCN Waste Connections Inc.	0.16%	71,644	$14.0M	Add +0.6%
TGT Target Corp.	0.16%	131,819	$13.8M	Reduce -13.9%
ODFL Old Dominion Freight Line	0.16%	82,983	$13.7M	Add +2.0%
TMO Thermo Fisher Scientific Inc.	0.16%	27,577	$13.7M	Reduce -64.6%
RPM RPM International Inc.	0.15%	116,030	$13.4M	Add +0.1%
TOL Toll Brothers Inc.	0.15%	123,226	$13.0M	Reduce -1.5%
GPC Genuine Parts Co.	0.15%	107,928	$12.9M	Add +0.1%
CRWD CrowdStrike Holdings Inc. Class A	0.15%	35,891	$12.7M	Add +0.4%
AVY Avery Dennison Corp.	0.14%	67,934	$12.1M	Reduce -8.5%
DOW Dow Inc.	0.14%	345,911	$12.1M	Add +26.4%
LNG Cheniere Energy Inc.	0.14%	51,781	$12.0M	Add +6.7%
HAL Halliburton Co.	0.14%	469,346	$11.9M	Add +10.9%
F Ford Motor Co. filed as FORD MTR CO	0.14%	1,179,297	$11.8M	Reduce -1.1%
LII Lennox International Inc.	0.13%	20,685	$11.6M	Add +8.5%
OXY Occidental Petroleum Corp.	0.13%	229,328	$11.3M	Add +0.0%
SPGI S&P Global Inc.	0.13%	21,996	$11.2M	Add +0.2%
WST West Pharmaceutical Services	0.13%	49,543	$11.1M	New
PNR Pentair PLC	0.12%	121,839	$10.7M	Reduce -0.0%
LYV Live Nation Entertainment Inc.	0.12%	80,008	$10.4M	Reduce -0.0%
LULU Lululemon Athletica Inc.	0.12%	36,114	$10.2M	Reduce -19.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.12%	40,401	$10.0M	Add +634.4%
SCCO Southern Copper Corp.	0.11%	106,689	$10.0M	Reduce -5.6%
BTI British American Tob-SP ADR	0.11%	229,768	$9.5M	Reduce -26.5%
FCX Freeport-McMoran Inc.	0.11%	250,752	$9.5M	Add +1674.6%
ZBRA Zebra Technologies Corp. Class A	0.11%	33,490	$9.5M	Add +0.0%
WDAY Workday Inc. Class A	0.11%	39,241	$9.2M	Add +31.5%
VEEV Veeva Systems Inc. Class A	0.10%	39,362	$9.1M	Add +6.7%
MDT Medtronic PLC	0.10%	101,408	$9.1M	Add +0.6%
TER Teradyne Inc.	0.10%	109,188	$9.0M	Reduce -1.0%
CUBE Cubesmart	0.10%	210,467	$9.0M	Reduce -36.3%
AMAT Applied Materials Inc.	0.10%	61,013	$8.9M	Add +1.4%
ARE Alexandria Real Estate Equit	0.10%	95,628	$8.8M	New
INTU Intuit Inc.	0.10%	14,026	$8.6M	Add +291.0%
TRV The Travelers Cos Inc.	0.10%	32,316	$8.5M	Add +1.4%
AMH American Homes 4 Rent- A	0.10%	225,690	$8.5M	Reduce -6.8%
CP Canadian Pacific Kansas City	0.10%	118,808	$8.3M	Add +1.9%
AFG American Financial Group Inc.	0.09%	62,806	$8.2M	Reduce -0.6%
STE Steris PLC	0.09%	36,337	$8.2M	Reduce -21.5%
AMT American Tower Corp.	0.09%	37,365	$8.1M	Reduce -4.8%
LRCX Lam Research Corp.	0.09%	111,495	$8.1M	Add +1.9%
GILD Gilead Sciences Inc.	0.09%	70,220	$7.9M	Add +0.8%
HEI Heico Corp.	0.09%	28,711	$7.7M	Reduce -6.4%
MO Altria Group Inc.	0.09%	127,641	$7.7M	Add +13.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.09%	107,060	$7.6M	Add +0.0%
A Agilent Technologies Inc.	0.09%	64,829	$7.6M	Reduce -52.0%
CEG Constellation Energy	0.09%	36,969	$7.5M	Add +1162.2%
ICLR Icon PLC	0.08%	40,640	$7.1M	Add +62.5%
FDS Factset Research Systems Inc.	0.08%	15,334	$7.0M	Reduce -0.2%
Z Zillow Group Inc. Class C	0.08%	100,593	$6.9M	Reduce -25.4%
BMY Bristol-Myers Squibb Co.	0.08%	111,991	$6.8M	Add +0.4%
HIG Hartford Insurance Group Inc.	0.08%	53,890	$6.7M	Add +1.1%
CI The Cigna Group	0.08%	20,140	$6.6M	Add +1.8%
MKL Markel Group Inc.	0.08%	3,539	$6.6M	Reduce -0.3%
FITB Fifth Third Bancorp	0.07%	166,588	$6.5M	Add +18.2%
SW Smurfit Westrock PLC	0.07%	142,708	$6.4M	Reduce -4.8%
GM General Motors Co.	0.07%	134,448	$6.3M	New
BN Brookfield Corp.	0.07%	120,453	$6.3M	Add +17.2%
STLD Steel Dynamics Inc.	0.07%	50,368	$6.3M	Reduce -6.7%
NSC Norfolk Southern Corp.	0.07%	26,502	$6.3M	Add +1.6%
CME Cme Group Inc.	0.07%	23,473	$6.2M	Reduce -0.3%
SBUX Starbucks Corp.	0.07%	63,233	$6.2M	Reduce -2.2%
MOH Molina Healthcare Inc.	0.07%	18,765	$6.2M	Reduce -3.0%
FNF Fidelity National Financial	0.07%	93,927	$6.1M	Add +0.1%
EMR Emerson Electric Co.	0.07%	55,250	$6.1M	Reduce -3.7%
MAR Marriott International Class A	0.07%	25,273	$6.0M	Add +0.3%
ALL Allstate Corp.	0.07%	28,892	$6.0M	Reduce -2.9%
NEE Nextera Energy Inc.	0.07%	83,806	$5.9M	Reduce -22.5%
DKS Dick's Sporting Goods Inc.	0.07%	28,999	$5.8M	Add +8.2%
MTB M & T Bank Corp. filed as M & T BK CORP	0.07%	32,688	$5.8M	No change
DELL Dell Technologies -C	0.07%	63,349	$5.8M	Add +2.1%
OGE Oge Energy Corp.	0.07%	125,338	$5.8M	Reduce -9.8%
BIIB Biogen Inc.	0.06%	41,259	$5.6M	Add +0.1%
MELI MercadoLibre Inc.	0.06%	2,892	$5.6M	Add +2.4%
SCI Service Corp. International	0.06%	70,317	$5.6M	No change
PCG P G & E Corp.	0.06%	325,110	$5.6M	New
IDXX Idexx Laboratories Inc.	0.06%	13,296	$5.6M	Add +7.7%
KVUE Kenvue Inc.	0.06%	227,719	$5.5M	New
UHS Universal Health Services-B	0.06%	28,792	$5.4M	Add +0.2%
MRVL Marvell Technology Inc.	0.06%	87,520	$5.4M	Add +4.1%
BG Bunge Global SA	0.06%	70,239	$5.4M	Add +1.2%
MPC Marathon Petroleum Corp.	0.06%	36,833	$5.4M	Add +5.2%
VVV Valvoline Inc.	0.06%	151,674	$5.3M	No change
OTIS Otis Worldwide Corp.	0.06%	50,672	$5.2M	Add +0.4%
NOC Northrop Grumman Corp.	0.06%	9,757	$5.0M	Reduce -0.4%
KKR KKR & Co. Inc.	0.06%	43,058	$5.0M	Reduce -16.9%
USFD US Foods Holding Corp.	0.06%	74,965	$4.9M	Reduce -0.3%
WDC Western Digital Corp.	0.06%	120,304	$4.9M	New
KEY Keycorp	0.06%	302,390	$4.8M	Reduce -0.0%
DASH DoorDash Inc. Class A	0.05%	25,974	$4.7M	Add +279.1%
SHOP Shopify Inc. Class A	0.05%	49,583	$4.7M	Add +0.3%
CCK Crown Holdings Inc.	0.05%	52,563	$4.7M	Add +52.3%
BAX Baxter International Inc.	0.05%	135,859	$4.7M	New
MCK McKesson Corp.	0.05%	6,893	$4.6M	Add +16.0%
EVRG Evergy Inc.	0.05%	67,245	$4.6M	Add +21.5%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.05%	590,725	$4.6M	Reduce -30.6%
LEN Lennar Corp. Class A	0.05%	38,718	$4.4M	New
ILMN Illumina Inc.	0.05%	55,539	$4.4M	Add +88.5%
ADSK Autodesk Inc.	0.05%	16,473	$4.3M	Reduce -1.1%
PNW Pinnacle West Capital	0.05%	44,884	$4.3M	Reduce -14.8%
ALLY Ally Financial Inc.	0.05%	117,184	$4.3M	Add +4.7%
CELH Celsius Holdings Inc.	0.05%	118,714	$4.2M	Reduce -10.3%
HES Hess Corp.	0.05%	26,336	$4.2M	Reduce -0.1%
ON On Semiconductor	0.05%	100,753	$4.1M	Add +166.0%
CASY Casey's General Stores Inc.	0.05%	9,387	$4.1M	Reduce -0.3%
SPOT Spotify Technology SA	0.05%	7,378	$4.1M	Reduce -10.9%
WBD Warner Bros Discovery Inc.	0.04%	358,342	$3.8M	New
CAG Conagra Brands Inc.	0.04%	143,991	$3.8M	New
FLEX Flex Ltd.	0.04%	114,202	$3.8M	Reduce -13.4%
LIN Linde PLC	0.04%	8,093	$3.8M	Add +2.8%
B Barrick Gold Corp.	0.04%	193,170	$3.8M	Reduce -30.7%
SMCI Super Micro Computer Inc.	0.04%	101,602	$3.5M	New
ASH Ashland Inc.	0.04%	57,821	$3.4M	Add +0.0%
EMN Eastman Chemical Co.	0.04%	36,330	$3.2M	Reduce -12.1%
JEF Jefferies Financial Group Inc.	0.04%	59,572	$3.2M	Add +6.8%
MAS Masco Corp.	0.04%	44,180	$3.1M	Reduce -0.1%
QSR Restaurant Brands Intern	0.03%	44,216	$2.9M	Add +1.3%
GGG Graco Inc.	0.03%	34,701	$2.9M	No change
ROK Rockwell Automation Inc.	0.03%	11,182	$2.9M	Reduce -1.2%
WY Weyerhaeuser Co.	0.03%	98,574	$2.9M	Reduce -25.1%
LKQ LKQ Corp.	0.03%	67,181	$2.9M	Add +6.0%
NUE Nucor Corp.	0.03%	23,368	$2.8M	Add +5.9%
COR Cencora Inc.	0.03%	9,964	$2.8M	Add +11.4%
CCEP Coca-Cola Europacific Partne	0.03%	31,375	$2.7M	Reduce -19.0%
NXPI NXP Semiconductors NV	0.03%	14,170	$2.7M	Reduce -23.4%
SLM SLM Corp.	0.03%	91,028	$2.7M	No change
LVS Las Vegas Sands Corp.	0.03%	69,079	$2.7M	New
ALV Autoliv Inc.	0.03%	29,307	$2.6M	Add +1.8%
GEHC GE Healthcare Technology	0.03%	31,625	$2.6M	Reduce -0.1%
CHKP Check Point Software Tech	0.03%	11,123	$2.5M	Reduce -26.6%
WPC WP Carey Inc.	0.03%	39,945	$2.5M	Reduce -39.7%
VOYA Voya Financial Inc.	0.03%	35,699	$2.4M	No change
CSGP Costar Group Inc.	0.03%	30,311	$2.4M	Reduce -29.6%
ALC Alcon Inc. filed as ALCON AG	0.03%	25,128	$2.4M	Reduce -7.8%
VLO Valero Energy Corp.	0.03%	17,640	$2.3M	Add +27.7%
FTNT Fortinet Inc.	0.03%	23,903	$2.3M	Add +10.3%
PM Philip Morris International	0.03%	14,233	$2.3M	Reduce -46.4%
KMB Kimberly-Clark Corp.	0.03%	15,767	$2.2M	Add +50.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.03%	18,260	$2.2M	Add +1.7%
DKNG Draftkings Inc. Class A	0.02%	65,273	$2.2M	Add +190.7%
GS Goldman Sachs Group Inc.	0.02%	3,944	$2.2M	Reduce -5.3%
ATO Atmos Energy Corp.	0.02%	13,744	$2.1M	Reduce -38.6%
BLK BlackRock Inc.	0.02%	2,221	$2.1M	Reduce -0.1%
LAMR Lamar Advertising Co. Class A	0.02%	17,953	$2.0M	Reduce -4.1%
ALLE Allegion PLC	0.02%	15,548	$2.0M	Reduce -0.3%
O Realty Income Corp.	0.02%	34,402	$2.0M	Add +12.1%
CCL Carnival Corp.	0.02%	101,220	$2.0M	New
AXP American Express Co.	0.02%	7,294	$2.0M	Add +0.5%
KBH KB Home	0.02%	33,044	$1.9M	No change
BLD Topbuild Corp.	0.02%	6,235	$1.9M	No change
OLN Olin Corp.	0.02%	77,870	$1.9M	Reduce -0.1%
GLPI Gaming and Leisure Propertie	0.02%	36,896	$1.9M	Reduce -2.7%
KR Kroger Co.	0.02%	27,416	$1.9M	Reduce -19.1%
PPL PPL Corp.	0.02%	51,344	$1.9M	Add +214.6%
PRU Prudential Financial Inc.	0.02%	16,595	$1.9M	Reduce -24.6%
CAH Cardinal Health Inc.	0.02%	13,452	$1.9M	Add +10.7%
RACE Ferrari NV	0.02%	4,156	$1.8M	Reduce -38.6%
ALNY Alnylam Pharmaceuticals Inc.	0.02%	6,540	$1.8M	Reduce -11.4%
BAH Booz Allen Hamilton Holdings	0.02%	16,859	$1.8M	Add +2.5%
FERG Ferguson Enterprises Inc.	0.02%	10,887	$1.7M	Add +1.4%
AKAM Akamai Technologies Inc.	0.02%	21,653	$1.7M	Reduce -1.4%
POST Post Holdings Inc. filed as POST HLDGS INC	0.02%	14,979	$1.7M	No change
LMT Lockheed Martin Corp.	0.02%	3,805	$1.7M	Add +11.3%
ZION Zions Bancorp NA	0.02%	33,467	$1.7M	Add +3.1%
AVTR Avantor Inc.	0.02%	101,751	$1.6M	Reduce -8.9%
NTR Nutrien Ltd.	0.02%	33,144	$1.6M	Reduce -12.9%
TDG Transdigm Group Inc.	0.02%	1,185	$1.6M	Add +5.2%
SSNC Ss&c Technologies Holdings	0.02%	19,592	$1.6M	Add +10.3%
CMA Comerica Inc.	0.02%	27,190	$1.6M	Add +1.3%
NWSA News Corp. Class A	0.02%	57,553	$1.6M	Reduce -38.3%
SYY Sysco Corp.	0.02%	20,765	$1.6M	Add +31.1%
BX Blackstone Inc.	0.02%	11,000	$1.5M	Add +3.8%
ENTG Entegris Inc.	0.02%	17,575	$1.5M	Add +24.3%
TWLO Twilio Inc. Class A	0.02%	15,672	$1.5M	Reduce -52.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.02%	11,862	$1.5M	No change
CNH CNH Industrial NV	0.02%	124,035	$1.5M	Add +359.2%
CMS CMS Energy Corp.	0.02%	20,222	$1.5M	Reduce -22.6%
AME Ametek Inc.	0.02%	8,656	$1.5M	Add +3.5%
WSO Watsco Inc.	0.02%	2,916	$1.5M	Reduce -27.7%
FAST Fastenal Co.	0.02%	18,972	$1.5M	Add +18.6%
XPO Xpo Inc.	0.02%	13,639	$1.5M	Reduce -40.9%
PSX Phillips 66	0.02%	11,836	$1.5M	Add +11.3%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.02%	12,482	$1.4M	Reduce -17.6%
EXPD Expeditors Intl Wash Inc.	0.02%	11,830	$1.4M	Add +7.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.02%	16,589	$1.4M	Add +3.0%
ROP Roper Technologies Inc.	0.02%	2,345	$1.4M	Add +11.7%
CIEN Ciena Corp.	0.02%	22,783	$1.4M	Reduce -61.0%
BRBR Bellring Brands Inc.	0.02%	18,336	$1.4M	Reduce -0.4%
BURL Burlington Stores Inc.	0.02%	5,628	$1.3M	Add +72.5%
CLX Clorox Company	0.02%	9,095	$1.3M	Add +14.8%
FHN First Horizon Corp.	0.02%	68,679	$1.3M	Add +0.1%
ADM Archer-Daniels-Midland Co.	0.02%	27,752	$1.3M	Add +19.4%
GNTX Gentex Corp.	0.02%	56,914	$1.3M	Reduce -11.9%
CL Colgate-Palmolive Co.	0.02%	14,085	$1.3M	Add +18.7%
NLY Annaly Capital Management Inc.	0.01%	64,460	$1.3M	No change
CTAS Cintas Corp.	0.01%	6,363	$1.3M	Reduce -13.5%
PGR Progressive Corp.	0.01%	4,588	$1.3M	Reduce -25.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.01%	1,303	$1.3M	Add +16.8%
FOUR SHIFT4 Payments Inc. Class A	0.01%	15,713	$1.3M	Reduce -70.2%
RIO Rio Tinto PLC-Spon ADR	0.01%	20,877	$1.3M	Reduce -29.2%
COHR Coherent Corp.	0.01%	19,265	$1.3M	Add +30.6%
WSM Williams-Sonoma Inc.	0.01%	7,731	$1.2M	Add +8.6%
MTG Mgic Investment Corp.	0.01%	48,738	$1.2M	No change
CHD Church & Dwight Co. Inc.	0.01%	10,796	$1.2M	Add +77.0%
TRU Transunion	0.01%	13,983	$1.2M	Reduce -37.8%
TRP TC Energy Corp.	0.01%	24,576	$1.2M	No change
XYZ Block Inc.	0.01%	21,018	$1.1M	Reduce -0.0%
NKE Nike Inc. Class B	0.01%	17,738	$1.1M	Add +1.4%
PANW Palo Alto Networks Inc.	0.01%	6,532	$1.1M	Reduce -92.7%
RNR Renaissancere Holdings Ltd.	0.01%	4,538	$1.1M	Reduce -0.1%
AMP Ameriprise Financial Inc.	0.01%	2,181	$1.1M	Add +5.3%
K Kellanova	0.01%	12,615	$1.0M	Reduce -0.1%
LPLA LPL Financial Holdings Inc.	0.01%	3,178	$1.0M	Add +10.7%
ROKU Roku Inc.	0.01%	14,620	$1.0M	Add +7.1%
JD Jd.com Inc.-ADR	0.01%	24,923	$1.0M	Add +223.6%
KHC The Kraft Heinz Co.	0.01%	33,400	$1.0M	New
SAIA Saia Inc.	0.01%	2,905	$1.0M	Add +10.5%
VRSK Verisk Analytics Inc.	0.01%	3,287	$978K	Add +0.3%
NVT Nvent Electric PLC	0.01%	18,600	$975K	Add +17.9%
ULTA Ulta Beauty Inc.	0.01%	2,649	$971K	Add +35.0%
HUM Humana Inc.	0.01%	3,629	$960K	Add +53.4%
APD Air Products & Chemicals Inc.	0.01%	3,224	$951K	Add +1.7%
ZM Zoom Communications Inc.	0.01%	12,847	$948K	Add +2.4%
EOG EOG Resources Inc.	0.01%	7,377	$946K	Reduce -16.9%
ITW Illinois Tool Works	0.01%	3,761	$933K	Reduce -29.3%
DECK Deckers Outdoor Corp.	0.01%	8,127	$909K	Add +33.9%
NYT New York Times Co. Class A	0.01%	18,315	$908K	Reduce -14.2%
UNP Union Pacific Corp.	0.01%	3,843	$908K	Reduce -1.1%
WWD Woodward Inc.	0.01%	4,970	$907K	Reduce -53.3%
YUMC Yum China Holdings Inc.	0.01%	17,328	$902K	New
DPZ Domino's Pizza Inc.	0.01%	1,940	$891K	Add +9.7%
RSG Republic Services Inc.	0.01%	3,642	$882K	Add +3.2%
TEAM Atlassian Corp. Class A	0.01%	4,153	$881K	Add +5.3%
VTR Ventas Inc.	0.01%	12,780	$879K	New
EW Edwards Lifesciences Corp.	0.01%	11,917	$864K	Add +2.9%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.01%	4,662	$851K	Add +9.1%
ASML ASML Holding NV-NY Reg SHS	0.01%	1,270	$842K	Add +1.7%
ROL Rollins Inc.	0.01%	15,511	$838K	Add +31.0%
BBY Best Buy Co. Inc.	0.01%	11,043	$813K	Add +10.0%
CINF Cincinnati Financial Corp.	0.01%	5,454	$806K	Reduce -0.4%
TKR Timken Co.	0.01%	11,117	$799K	No change
JBHT Hunt (jb) Transprt SVCS Inc.	0.01%	5,360	$793K	Add +26.4%
ACGL Arch Capital Group Ltd.	0.01%	8,242	$793K	Add +2.9%
MRSH Marsh & McLennan Cos	0.01%	3,235	$789K	Add +3.6%
APH Amphenol Corp. Class A	0.01%	12,000	$787K	Reduce -1.2%
RMD Resmed Inc.	0.01%	3,486	$780K	Reduce -24.9%
WTW Willis Towers Watson PLC	0.01%	2,249	$760K	Reduce -0.3%
RJF Raymond James Financial Inc.	0.01%	5,437	$755K	Add +0.8%
GD General Dynamics Corp.	0.01%	2,753	$750K	Add +4.3%
TEVA Teva Pharmaceutical-SP ADR	0.01%	48,716	$749K	Add +18.9%
INVH Invitation Homes Inc.	0.01%	21,458	$748K	Reduce -19.6%
WAT Waters Corp.	0.01%	2,025	$746K	Reduce -9.3%
ANET Arista Networks Inc.	0.01%	9,340	$724K	Add +37.7%
ITT Itt Inc.	0.01%	5,601	$723K	Reduce -53.5%
PHM Pultegroup Inc.	0.01%	6,959	$715K	Reduce -1.1%
POOL Pool Corp.	0.01%	2,239	$713K	Add +76.4%
VST Vistra Corp.	0.01%	6,066	$712K	Add +26.6%
DHR Danaher Corp.	0.01%	3,440	$705K	Reduce -13.6%
DAL Delta Air Lines Inc.	0.01%	16,154	$704K	Reduce -1.4%
BLDR Builders Firstsource Inc.	0.01%	5,538	$692K	Add +36.9%
CHRW C.H. Robinson Worldwide Inc.	0.01%	6,563	$672K	Add +12.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.01%	20,378	$665K	Reduce -17.0%
FBIN Fortune Brands Innovations I	0.01%	10,738	$654K	Reduce -30.5%
JBL Jabil Inc.	0.01%	4,695	$639K	Reduce -10.2%
MORN Morningstar Inc.	0.01%	2,128	$638K	No change
MFC Manulife Financial Corp.	0.01%	20,186	$629K	Reduce -6.1%
CBRE CBRE Group Inc. Class A	0.01%	4,782	$625K	New
TXRH Texas Roadhouse Inc.	0.01%	3,753	$625K	Reduce -31.9%
KLAC KLA Corp.	0.01%	917	$623K	Add +26.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.01%	6,686	$614K	Add +13.9%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.01%	13,771	$610K	Reduce -72.1%
TSN Tyson Foods Inc. Class A	0.01%	9,538	$609K	Add +33.7%
EWBC East West Bancorp Inc.	0.01%	6,724	$604K	No change
DUK Duke Energy Corp.	0.01%	4,931	$601K	Reduce -14.1%
ZBH Zimmer Biomet Holdings Inc.	0.01%	5,278	$597K	Reduce -13.9%
ERIE Erie Indemnity Company Class A	0.01%	1,422	$596K	Add +10.8%
MAN Manpowergroup Inc.	0.01%	10,161	$588K	Add +0.6%
REGN Regeneron Pharmaceuticals	0.01%	925	$587K	Add +13.9%
OVV Ovintiv Inc.	0.01%	13,208	$565K	Add +30.4%
TPL Texas Pacific Land Corp.	0.01%	418	$554K	New
MMM 3M Co.	0.01%	3,688	$542K	Reduce -62.3%
BRO Brown & Brown Inc.	0.01%	4,312	$536K	Add +2.3%
INCY Incyte Corp.	0.01%	8,828	$535K	Add +95.4%
LH Labcorp Holdings Inc.	0.01%	2,272	$529K	Add +0.8%
MAT Mattel Inc.	0.01%	26,078	$507K	No change
EQIX Equinix Inc.	0.01%	617	$503K	Reduce -0.5%
CART Maplebear Inc.	0.01%	12,566	$501K	New
NTAP Netapp Inc.	0.01%	5,685	$499K	Add +57.5%
CPB The Campbell's Company	0.01%	12,430	$496K	New
CB Chubb Ltd.	0.01%	1,629	$492K	Reduce -0.7%
ZTS Zoetis Inc.	0.01%	2,948	$485K	Add +121.0%
XEL Xcel Energy Inc.	0.01%	6,855	$485K	No change
CNI Canadian Natl Railway Co.	0.01%	4,869	$475K	Add +71.0%
PNC PNC Financial Services Group	0.01%	2,675	$470K	Add +9.7%
JLL Jones Lang Lasalle Inc.	0.01%	1,831	$454K	Add +0.3%
CVE Cenovus Energy Inc.	0.01%	31,753	$442K	Reduce -69.3%
KTB Kontoor Brands Inc.	0.01%	6,885	$442K	Add +0.4%
AOS Smith (a.o.) Corp.	0.00%	6,587	$431K	Add +10.2%
MSI Motorola Solutions Inc.	0.00%	980	$429K	Add +5.8%
BEN Franklin Templeton Inc.	0.00%	22,120	$426K	New
SYK Stryker Corp.	0.00%	1,133	$422K	Add +0.1%
TEL Te Connectivity PLC	0.00%	2,936	$415K	Add +13.6%
NDAQ Nasdaq Inc.	0.00%	5,438	$413K	Add +11.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.00%	9,836	$411K	Reduce -2.6%
AYI Acuity Inc.	0.00%	1,526	$402K	Add +3.2%
MANH Manhattan Associates Inc.	0.00%	2,275	$394K	Reduce -46.0%
C Citigroup Inc.	0.00%	5,469	$388K	Reduce -4.9%
BDX Becton Dickinson and Co.	0.00%	1,694	$388K	Add +1.3%
CNC Centene Corp.	0.00%	6,357	$386K	Reduce -50.8%
KDP Keurig Dr Pepper Inc.	0.00%	11,273	$386K	Add +2.1%
CNQ Canadian Natural Resources	0.00%	12,290	$379K	Reduce -7.7%
NNN NNN REIT Inc.	0.00%	8,811	$376K	No change
SU Suncor Energy Inc.	0.00%	9,505	$368K	Reduce -3.3%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.00%	5,119	$366K	No change
PKG Packaging Corp. of America	0.00%	1,806	$358K	Add +1.6%
SAP Sap SE-Sponsored ADR	0.00%	1,331	$357K	Add +5.3%
NXT Nextpower Inc. filed as NEXTRACKER INC	0.00%	8,422	$355K	Add +0.4%
SON Sonoco Products Co.	0.00%	7,509	$355K	No change
TMUS T-Mobile US Inc.	0.00%	1,329	$354K	Reduce -5.1%
LNC Lincoln National Corp.	0.00%	9,850	$354K	Add +0.7%
SPG Simon Property Group Inc.	0.00%	2,067	$343K	Add +9.1%
AZN Astrazeneca PLC-Spons ADR	0.00%	4,665	$343K	Add +49.1%
ENB Enbridge Inc.	0.00%	7,675	$340K	Add +1.0%
COF Capital One Financial Corp.	0.00%	1,870	$335K	Reduce -7.3%
HII Huntington Ingalls Industrie	0.00%	1,637	$334K	New
LDOS Leidos Holdings Inc.	0.00%	2,441	$329K	Reduce -34.6%
LECO Lincoln Electric Holdings	0.00%	1,736	$328K	Reduce -7.4%
IPG Interpublic Group of Cos Inc.	0.00%	12,051	$327K	Reduce -23.5%
LITE Lumentum Holdings Inc.	0.00%	5,194	$324K	Reduce -0.1%
XYL Xylem Inc.	0.00%	2,626	$314K	No change
CNX CNX Resources Corp.	0.00%	9,749	$307K	Reduce -1.9%
EBAY eBay Inc.	0.00%	4,519	$306K	Add +9.9%
ETR Entergy Corp.	0.00%	3,481	$298K	Add +22.7%
SKX Skechers USA Inc. Class A	0.00%	5,236	$297K	Reduce -2.5%
INGR Ingredion Inc.	0.00%	2,179	$295K	Reduce -2.1%
NVS Novartis AG-Sponsored ADR	0.00%	2,642	$295K	New
CHTR Charter Communications Inc. Class A	0.00%	798	$294K	Add +18.4%
ROST Ross Stores Inc.	0.00%	2,287	$292K	Add +0.8%
UTHR United Therapeutics Corp.	0.00%	944	$291K	Reduce -1.8%
BAM Brookfield Asset Mgmt-A	0.00%	6,004	$291K	Reduce -30.6%
HSY The Hershey Co.	0.00%	1,675	$286K	New
LYB Lyondellbasell Indu Class A	0.00%	3,947	$278K	Reduce -97.5%
TSM Taiwan Semiconductor-SP ADR	0.00%	1,663	$276K	Add +51.3%
PWR Quanta Services Inc.	0.00%	1,081	$275K	New
WTRG Essential Utilities Inc.	0.00%	6,915	$273K	No change
DOV Dover Corp.	0.00%	1,554	$273K	Add +2.9%
PII Polaris Inc.	0.00%	6,622	$271K	Reduce -20.7%
SO The Southern Co.	0.00%	2,906	$267K	Add +0.2%
WMB Williams Cos Inc.	0.00%	4,407	$263K	Add +9.7%
ABNB Airbnb Inc. Class A	0.00%	2,197	$262K	New
CSL Carlisle Cos Inc.	0.00%	766	$261K	Add +12.8%
MGM MGM Resorts International	0.00%	8,719	$258K	New
DOX Amdocs Ltd.	0.00%	2,746	$251K	No change
BMRN Biomarin Pharmaceutical Inc.	0.00%	3,512	$248K	Reduce -22.2%
WELL Welltower Inc.	0.00%	1,608	$246K	New
FISV Fiserv Inc.	0.00%	1,114	$246K	No change
TT Trane Technologies PLC	0.00%	728	$245K	Reduce -3.2%
EXAS Exact Sciences Corp.	0.00%	5,612	$243K	Reduce -14.1%
FIVE Five Below	0.00%	3,208	$240K	Reduce -87.3%
ORLY O'reilly Automotive Inc.	0.00%	165	$236K	Reduce -4.6%
AWK American Water Works Co. Inc.	0.00%	1,600	$236K	New
NFG National Fuel Gas Co.	0.00%	2,936	$233K	New
TKO Tko Group Holdings Inc.	0.00%	1,516	$232K	New
SNPS Synopsys Inc.	0.00%	540	$232K	Add +25.9%
DTE DTE Energy Company	0.00%	1,671	$231K	Reduce -5.3%
SIRI Sirius XM Holdings Inc.	0.00%	10,239	$231K	No change
HWM Howmet Aerospace Inc.	0.00%	1,771	$230K	New
EQT Eqt Corp.	0.00%	4,273	$228K	New
FWONK Liberty Media Corp. Class C	0.00%	2,527	$227K	Add +3.3%
BIDU Baidu Inc. - Spon ADR	0.00%	2,466	$227K	Reduce -10.4%
ALGN Align Technology Inc.	0.00%	1,428	$227K	Add +20.8%
ARW Arrow Electronics Inc.	0.00%	2,177	$226K	Reduce -27.9%
MET Metlife Inc.	0.00%	2,810	$226K	Reduce -1.8%
D Dominion Energy Inc.	0.00%	4,006	$225K	New
VOD Vodafone Group PLC-SP ADR	0.00%	23,836	$223K	Add +0.7%
TAP Molson Coors Beverage Co. Class B	0.00%	3,632	$221K	Reduce -0.8%
EVR Evercore Inc. Class A	0.00%	1,090	$218K	Add +23.7%
EXC Exelon Corp.	0.00%	4,706	$217K	New
LBRDK Liberty Broadband-C	0.00%	2,537	$216K	New
DRI Darden Restaurants Inc.	0.00%	1,035	$215K	New
BWXT BWX Technologies Inc.	0.00%	2,154	$212K	Add +6.0%
DXCM Dexcom Inc.	0.00%	3,108	$212K	Add +13.9%
FANG Diamondback Energy Inc.	0.00%	1,320	$211K	Add +0.8%
YUM Yum! Brands Inc.	0.00%	1,332	$210K	New
VALE Vale SA-SP ADR	0.00%	20,970	$209K	Add +74.2%
EA Electronic Arts Inc.	0.00%	1,448	$209K	Reduce -6.0%
TFC Truist Financial Corp.	0.00%	4,989	$205K	New
ACM Aecom	0.00%	2,196	$204K	Add +7.8%
IEX Idex Corp.	0.00%	1,123	$203K	Reduce -0.9%
PEG Public Service Enterprise GP	0.00%	2,469	$203K	Reduce -5.1%
AGCO Agco Corp.	0.00%	2,192	$203K	Reduce -34.1%
IBN Icici Bank Ltd.-Spon ADR	0.00%	6,436	$203K	New
NOV Nov Inc.	0.00%	12,647	$192K	Add +19.0%
AMX America Movil Sab DE CV	0.00%	12,112	$172K	Reduce -5.6%
AAL American Airlines Group Inc.	0.00%	11,044	$117K	Reduce -97.7%

Portfolio Sells Q4 2024 → Q1 2025


TSLA Tesla Inc.	Reduce -1.5%	1.49%	−0.79
GOOG Alphabet Inc. Class C	Reduce -0.8%	2.53%	−0.48
TMO Thermo Fisher Scientific Inc.	Reduce -64.6%	0.16%	−0.29
CE Celanese Corp.	Sold out	0.00%	−0.17
PANW Palo Alto Networks Inc.	Reduce -92.7%	0.01%	−0.17
ED Consolidated Edison Inc.	Reduce -50.6%	0.27%	−0.16
NOW ServiceNow Inc.	Reduce -0.1%	0.50%	−0.15
EXR Extra Space Storage Inc.	Sold out	0.00%	−0.14
LYB Lyondellbasell Indu Class A	Reduce -97.5%	0.00%	−0.13
A Agilent Technologies Inc.	Reduce -52.0%	0.09%	−0.12
PLD Prologis Inc.	Reduce -33.9%	0.28%	−0.11
ORCL Oracle Corp.	Reduce -0.2%	0.63%	−0.10
AAL American Airlines Group Inc.	Reduce -97.7%	0.00%	−0.09
DIS The Walt Disney Co.	Reduce -6.7%	0.49%	−0.08
LULU Lululemon Athletica Inc.	Reduce -19.9%	0.12%	−0.07
PYPL PayPal Holdings Inc.	Reduce -0.1%	0.27%	−0.07
TGT Target Corp.	Reduce -13.9%	0.16%	−0.07
WEC WEC Energy Group Inc.	Reduce -28.5%	0.41%	−0.07
BAC Bank of America Corp.	Reduce -3.7%	0.98%	−0.06
CUBE Cubesmart	Reduce -36.3%	0.10%	−0.05
ISRG Intuitive Surgical Inc.	Reduce -6.1%	0.59%	−0.05
TER Teradyne Inc.	Reduce -1.0%	0.10%	−0.05
FOUR SHIFT4 Payments Inc. Class A	Reduce -70.2%	0.01%	−0.05
RH RH	Sold out	0.00%	−0.04
CIEN Ciena Corp.	Reduce -61.0%	0.02%	−0.04
CDNS Cadence Design SYS Inc.	Reduce -0.5%	0.25%	−0.04
DOCU Docusign Inc.	Sold out	0.00%	−0.04
BKNG Booking Holdings Inc.	Reduce -1.5%	0.52%	−0.03
Z Zillow Group Inc. Class C	Reduce -25.4%	0.08%	−0.03
PFE Pfizer Inc.	Reduce -7.6%	0.31%	−0.03
ANF Abercrombie & Fitch Co. Class A	Sold out	0.00%	−0.03
KKR KKR & Co. Inc.	Reduce -16.9%	0.06%	−0.03
FIVE Five Below	Reduce -87.3%	0.00%	−0.03
P Everpure Inc. Class A	Reduce -72.1%	0.01%	−0.03
TOL Toll Brothers Inc.	Reduce -1.5%	0.15%	−0.03
CMI Cummins Inc.	Reduce -0.8%	0.28%	−0.02
ERIC Ericsson (lm) Tel-SP ADR	Reduce -30.6%	0.05%	−0.02
HON Honeywell International Inc.	Reduce -0.6%	0.57%	−0.02
TWLO Twilio Inc. Class A	Reduce -52.4%	0.02%	−0.02
CMCSA Comcast Corp. Class A	Reduce -9.2%	0.25%	−0.02
BILL Bill Holdings Inc.	Sold out	0.00%	−0.02
NEE Nextera Energy Inc.	Reduce -22.5%	0.07%	−0.02
CSX CSX Corp.	Reduce 0.0%	0.29%	−0.02
BTI British American Tob-SP ADR	Reduce -26.5%	0.11%	−0.02
XPO Xpo Inc.	Reduce -40.9%	0.02%	−0.02
SW Smurfit Westrock PLC	Reduce -4.8%	0.07%	−0.02
AVY Avery Dennison Corp.	Reduce -8.5%	0.14%	−0.02
PNR Pentair PLC	Reduce -0.0%	0.12%	−0.01
FLEX Flex Ltd.	Reduce -13.4%	0.04%	−0.01
CVE Cenovus Energy Inc.	Reduce -69.3%	0.01%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


BRK.B Berkshire Hathaway Inc. Class B	Add +4.7%	2.61%	+0.55
CCI Crown Castle Inc.	New	0.35%	+0.35
PLTR Palantir Technologies Inc. Class A	Add +1861.4%	0.35%	+0.34
VZ Verizon Communications Inc.	Add +233.7%	0.42%	+0.31
V Visa Inc. Class A	Add +1.9%	1.91%	+0.27
UBER Uber Technologies Inc.	Add +273.1%	0.33%	+0.26
JNJ Johnson & Johnson	Add +8.6%	1.08%	+0.24
ABBV Abbvie Inc.	Add +4.3%	0.93%	+0.20
XOM Exxon Mobil Corp.	Add +2.2%	1.24%	+0.18
PG The Procter & Gamble Co.	Add +10.9%	1.22%	+0.17
STZ Constellation Brands Inc. Class A	Add +3466.7%	0.17%	+0.17
LLY Eli Lilly & Co.	Add +1.0%	1.51%	+0.15
CVX Chevron Corp.	Add +4.1%	0.80%	+0.15
AJG Arthur J Gallagher & Co.	Add +0.3%	0.74%	+0.15
ABT Abbott Laboratories	Add +1.0%	0.82%	+0.15
COST Costco Wholesale Corp.	Add +7.0%	1.13%	+0.14
RTX RTX Corp.	Add +0.7%	0.84%	+0.13
MU Micron Technology Inc.	Add +200.2%	0.19%	+0.13
WST West Pharmaceutical Services	New	0.13%	+0.13
JPM JPMorgan Chase & Co.	Add +0.8%	1.99%	+0.12
DE Deere & Co.	Add +14.9%	0.44%	+0.11
FCX Freeport-McMoran Inc.	Add +1674.6%	0.11%	+0.10
GEV GE Vernova Inc.	Add +181.8%	0.16%	+0.10
BSX Boston Scientific Corp.	Add +0.6%	0.70%	+0.10
IBM Intl Business Machines Corp.	Add +634.4%	0.12%	+0.10
ARE Alexandria Real Estate Equit	New	0.10%	+0.10
AMGN Amgen Inc.	Add +0.1%	0.51%	+0.10
CVS CVS Health Corp.	Add +3.1%	0.24%	+0.09
ELV Elevance Health Inc.	Add +0.2%	0.50%	+0.09
UNH Unitedhealth Group Inc.	Add +0.8%	1.23%	+0.09
ICE Intercontinental Exchange Inc.	Add +0.0%	0.52%	+0.09
MDLZ Mondelez International Inc. Class A	Add +0.1%	0.56%	+0.08
NFLX Netflix Inc.	Add +0.3%	1.07%	+0.08
CEG Constellation Energy	Add +1162.2%	0.09%	+0.08
INTU Intuit Inc.	Add +291.0%	0.10%	+0.07
GM General Motors Co.	New	0.07%	+0.07
VRTX Vertex Pharmaceuticals Inc.	Add +0.0%	0.37%	+0.07
PEP Pepsico Inc.	Add +10.3%	0.61%	+0.07
PCG P G & E Corp.	New	0.06%	+0.06
KVUE Kenvue Inc.	New	0.06%	+0.06
VRSN Verisign Inc.	Add +1.8%	0.26%	+0.06
WDC Western Digital Corp.	New	0.06%	+0.06
HCA HCA Healthcare Inc.	Add +0.2%	0.35%	+0.06
AON Aon PLC Class A	Add +0.1%	0.43%	+0.06
BAX Baxter International Inc.	New	0.05%	+0.05
LEN Lennar Corp. Class A	New	0.05%	+0.05
SBAC SBA Communications Corp.	Add +15.7%	0.22%	+0.05
WMT Walmart Inc.	Add +5.4%	0.93%	+0.05
AFL Aflac Inc.	Add +0.0%	0.48%	+0.05
CAG Conagra Brands Inc.	New	0.04%	+0.04

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	777	$10.1B	NVDA, AAPL, MSFT, GOOG, AMZN
Q1 2026	683	$9.0B	NVDA, AAPL, MSFT, AMZN, GOOG
Q4 2025	581	$10.8B	NVDA, AAPL, MSFT, AMZN, GOOG
Q3 2025	525	$10.3B	NVDA, AAPL, MSFT, AMZN, META
Q2 2025	469	$9.2B	NVDA, MSFT, AAPL, AMZN, META
Q1 2025	504	$8.7B	AAPL, MSFT, NVDA, AMZN, META
Q4 2024	486	$9.0B	AAPL, NVDA, MSFT, AMZN, GOOG
Q3 2024	510	$9.1B	AAPL, MSFT, NVDA, AMZN, META
Q2 2024	511	$8.8B	MSFT, AAPL, NVDA, AMZN, GOOG
Q1 2024	503	$8.8B	MSFT, AAPL, NVDA, AMZN, GOOG