| TPL Texas Pacific Land Corp. | 9.54% | 165,000 | $121.2M | No change |
| NVDA Nvidia Corp. | 8.85% | 910,000 | $112.4M | Reduce -5.2% |
| FCX Freeport-McMoran Inc. | 8.32% | 2,175,000 | $105.7M | No change |
| META Meta Platforms Inc. Class A | 6.15% | 155,000 | $78.2M | No change |
| COST Costco Wholesale Corp. | 3.81% | 57,000 | $48.4M | No change |
| PLTR Palantir Technologies Inc. Class A | 3.14% | 1,575,000 | $39.9M | No change |
| AVGO Broadcom Inc. | 2.78% | 22,000 | $35.3M | No change |
| PH Parker Hannifin Corp. | 2.51% | 63,000 | $31.9M | No change |
| LMT Lockheed Martin Corp. | 2.13% | 58,000 | $27.1M | No change |
| CCJ Cameco Corp. | 1.94% | 500,000 | $24.6M | No change |
| CVX Chevron Corp. | 1.85% | 150,000 | $23.5M | No change |
| LEN Lennar Corp. Class A | 1.53% | 130,000 | $19.5M | No change |
| AMGN Amgen Inc. | 1.43% | 58,000 | $18.1M | No change |
| MS Morgan Stanley | 1.42% | 185,000 | $18.0M | No change |
| FDX FedEx Corp. | 1.37% | 58,000 | $17.4M | No change |
| XOM Exxon Mobil Corp. | 1.36% | 150,000 | $17.3M | No change |
| COP Conocophillips | 1.35% | 150,000 | $17.2M | No change |
| WSM Williams-Sonoma Inc. | 1.33% | 60,000 | $16.9M | No change |
| PLD Prologis Inc. | 1.33% | 150,000 | $16.8M | No change |
| DVN Devon Energy Corp. | 1.31% | 350,000 | $16.6M | No change |
| ESS Essex Property Trust Inc. | 1.29% | 60,000 | $16.3M | No change |
| NUE Nucor Corp. | 1.28% | 103,000 | $16.3M | No change |
| SPG Simon Property Group Inc. | 1.20% | 100,000 | $15.2M | No change |
| APD Air Products & Chemicals Inc. | 1.18% | 58,000 | $15.0M | No change |
| ITW Illinois Tool Works | 1.18% | 63,000 | $14.9M | No change |
| MUR Murphy Oil Corp. | 1.14% | 350,000 | $14.4M | No change |
| ADSK Autodesk Inc. | 1.13% | 58,000 | $14.4M | No change |
| V Visa Inc. Class A | 1.10% | 53,000 | $13.9M | No change |
| SCHW Schwab (charles) Corp. | 1.07% | 185,000 | $13.6M | No change |
| CSR Centerspace | 1.06% | 200,000 | $13.5M | No change |
| UBER Uber Technologies Inc. | 1.06% | 185,000 | $13.4M | No change |
| CP Canadian Pacific Kansas City | 1.02% | 165,000 | $13.0M | No change |
| WYNN WYNN Resorts Ltd. | 0.99% | 140,000 | $12.5M | Add +100.0% |
| AVB Avalonbay Communities Inc. | 0.98% | 60,000 | $12.4M | No change |
| DINO HF Sinclair Corp. | 0.90% | 215,000 | $11.5M | No change |
| DLR Digital Realty Trust Inc. | 0.90% | 75,000 | $11.4M | No change |
| CNQ Canadian Natural Resources | 0.90% | 320,000 | $11.4M | No change |
| OXY Occidental Petroleum Corp. | 0.89% | 180,000 | $11.3M | No change |
| PSX Phillips 66 | 0.83% | 75,000 | $10.6M | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.83% | 160,000 | $10.5M | No change |
| TWLO Twilio Inc. Class A | 0.83% | 185,000 | $10.5M | No change |
| FRT Federal Realty Invs Trust | 0.80% | 100,000 | $10.1M | No change |
| R Ryder System Inc. | 0.78% | 80,000 | $9.9M | No change |
| AFRM Affirm Holdings Inc. | 0.75% | 315,000 | $9.5M | No change |
| BIREF Birchcliff Energy Ltd. | 0.73% | 2,100,000 | $9.2M | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.72% | 160,000 | $9.1M | No change |
| OVV Ovintiv Inc. | 0.70% | 190,000 | $8.9M | No change |
| A Agilent Technologies Inc. | 0.65% | 64,000 | $8.3M | No change |
| FLR Fluor Corp. | 0.63% | 185,000 | $8.1M | No change |
| AMT American Tower Corp. | 0.61% | 40,000 | $7.8M | Add +100.0% |
| REG Regency Centers Corp. | 0.61% | 125,000 | $7.8M | No change |
| NTR Nutrien Ltd. | 0.58% | 145,000 | $7.4M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 70,000 | $7.0M | No change |
| VNOM Viper Energy Inc. | 0.52% | 175,000 | $6.6M | No change |
| INTC Intel Corp. | 0.51% | 210,000 | $6.5M | No change |
| SOUHY SOUTH32 - ADR | 0.48% | 500,000 | $6.1M | No change |
| KIM Kimco Realty Corp. | 0.46% | 300,000 | $5.8M | No change |
| BP BP PLC-Spons ADR | 0.45% | 160,000 | $5.8M | No change |
| ALB Albemarle Corp. | 0.45% | 60,000 | $5.7M | No change |
| OUT Outfront Media Inc. | 0.45% | 400,000 | $5.7M | No change |
| IPGP Ipg Photonics Corp. | 0.43% | 64,000 | $5.4M | No change |
| APA Apa Corp. | 0.42% | 180,000 | $5.3M | No change |
| UDR Udr Inc. | 0.41% | 125,000 | $5.1M | No change |
| WY Weyerhaeuser Co. | 0.34% | 150,000 | $4.3M | No change |
| STT State Street Corp. | 0.32% | 55,000 | $4.1M | No change |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.31% | 250,000 | $4.0M | No change |
| HIW Highwoods Properties Inc. | 0.31% | 150,000 | $3.9M | No change |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.29% | 60,000 | $3.7M | No change |
| VNO Vornado Realty Trust | 0.21% | 100,000 | $2.6M | No change |
| VALE Vale SA-SP ADR | 0.18% | 200,000 | $2.2M | No change |
| ALEX Alexander & Baldwin Inc. | 0.17% | 125,000 | $2.1M | No change |