DaveManuel.com · Institutional Ownership · 13F Holdings

TOKIO MARINE ASSET MANAGEMENT CO LTD

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

1504169

Reported value

$3.4B

Positions

503

Top 10 weight

39.6%

Filed

2026-10-26

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NVIDIA CORPORATION	NVDA	$279.2M	1,222,472	8.28%	+0.78pp	32q	+1.0%+$2.8M
APPLE INC	AAPL	$231.8M	696,192	6.88%	+0.75pp	32q	+1.9%+$4.3M
MICROSOFT CORP	MSFT	$198.6M	387,119	5.89%	+1.49pp	32q	+1.6%+$3.0M
AMAZON COM INC	AMZN	$137.9M	553,585	4.09%	+0.11pp	32q	+2.6%+$3.5M
ALPHABET INC	GOOGL	$112.4M	326,643	3.33%	-0.12pp	32q	+4.6%+$4.9M
ALPHABET INC	GOOG	$95.4M	280,031	2.83%	-0.14pp	32q	+3.3%+$3.1M
BROADCOM INC	AVGO	$93.6M	266,579	2.78%	-0.34pp	32q	HELD
META PLATFORMS INC	META	$72.8M	100,386	2.16%	+0.46pp	32q	+3.1%+$2.2M
ELI LILLY & CO	LLY	$61.8M	53,416	1.83%	-0.12pp	32q	+1.6%+$975.4K
VISA INC	V	$52.6M	146,282	1.56%	-0.04pp	32q	-2.5%-$1.4M
ADVANCED MICRO DEVICES INC	AMD	$50.3M	82,243	1.49%	+0.39pp	27q	+33.9%+$12.7M
MASTERCARD INCORPORATED	MA	$47.0M	85,161	1.39%	-0.01pp	32q	-3.5%-$1.7M
MICRON TECHNOLOGY INC	MU	$46.1M	43,291	1.37%	-0.12pp	28q	+4.2%+$1.9M
TESLA INC	TSLA	$44.2M	124,454	1.31%	-0.24pp	28q	+4.9%+$2.1M
JPMORGAN CHASE & CO	JPM	$39.8M	120,267	1.18%	flat	32q	+2.9%+$1.1M
EXXONMOBIL HOLDINGS CORP	XOM	$34.7M	213,150	1.03%	-	new	NEW
ARISTA NETWORKS INC	ANET	$34.6M	169,988	1.03%	+0.13pp	8q	HELD
PHILIP MORRIS INTL INC	PM	$33.7M	176,814	1.00%	+0.01pp	32q	HELD
COSTCO WHOLESALE CORPORATION	COST	$32.4M	35,619	0.96%	-0.06pp	32q	+1.3%+$414.2K
WALMART INC	WMT	$32.2M	310,131	0.96%	-0.12pp	32q	+1.5%+$482.6K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$29.0M	63,615	0.86%	-0.09pp	32q	-0.6%-$184.8K
BERKSHIRE HATHAWAY INC DEL	BRKB	$26.6M	53,437	0.79%	flat	32q	+5.3%+$1.3M
AMETEK INC	AME	$25.5M	102,793	0.76%	-0.01pp	20q	HELD
CADENCE DESIGN SYSTEM INC	CDNS	$24.6M	74,645	0.73%	-0.12pp	25q	+1.6%+$384.7K
JOHNSON & JOHNSON	JNJ	$24.2M	91,365	0.72%	+0.03pp	32q	+3.9%+$917.1K
NETFLIX INC.	NFLX	$23.2M	333,923	0.69%	-0.05pp	32q	+0.5%+$119.5K
UNITEDHEALTH GROUP INC	UNH	$20.6M	56,237	0.61%	-0.09pp	32q	+2.4%+$480.9K
INTEL CORP	INTC	$20.3M	169,244	0.60%	-0.13pp	32q	HELD
MERCK & CO INC	MRK	$20.1M	137,990	0.59%	+0.07pp	32q	+4.1%+$786.6K
CHEVRON CORPORATION	CVX	$18.6M	91,126	0.55%	+0.09pp	32q	+1.5%+$283.4K
ABBVIE INC	ABBV	$18.0M	68,773	0.53%	+0.02pp	32q	+4.5%+$777.7K
LAM RESEARCH CORP	LRCX	$16.0M	48,812	0.48%	-0.15pp	8q	+5.0%+$765.4K
CISCO SYS INC	CSCO	$16.0M	148,609	0.47%	-0.06pp	32q	+1.6%+$258.3K
MOODYS CORP	MCO	$15.9M	35,100	0.47%	-0.02pp	26q	HELD
PALANTIR TECHNOLOGIES INC	PLTR	$15.9M	84,859	0.47%	+0.17pp	11q	+0.6%+$97.6K
APPLIED MATLS INC	AMAT	$15.8M	30,882	0.47%	-0.19pp	26q	+5.3%+$789.6K
TJX COS INC NEW	TJX	$15.2M	114,878	0.45%	-0.08pp	32q	+1.6%+$245.2K
CATERPILLAR INC	CAT	$14.7M	18,092	0.44%	-0.14pp	32q	+4.6%+$650.3K
BANK OF AMER CORP	BAC	$13.8M	253,431	0.41%	-0.02pp	32q	+3.5%+$469.5K
O'REILLY AUTOMOTIVE INC	ORLY	$13.0M	152,059	0.39%	-0.05pp	24q	HELD
PROCTER & GAMBLE CO	PG	$12.7M	87,533	0.38%	flat	32q	+4.1%+$499.9K
GE AEROSPACE	GE	$12.6M	40,459	0.37%	-0.08pp	21q	+3.5%+$430.6K
PALO ALTO NETWORKS INC	PANW	$12.6M	31,667	0.37%	+0.05pp	24q	+3.7%+$447.4K
COCA COLA CO	KO	$12.5M	145,562	0.37%	+0.01pp	32q	+0.8%+$98.2K
MSCI INC	MSCI	$12.0M	22,338	0.36%	-0.06pp	32q	-6.7%-$861.9K
KLA CORP	KLAC	$10.9M	55,971	0.32%	-0.17pp	24q	+6.7%+$688.3K
HOME DEPOT INC	HD	$10.7M	37,726	0.32%	-0.08pp	32q	+4.2%+$433.3K
LINDE PLC	LIN	$10.4M	21,967	0.31%	-0.04pp	15q	+2.2%+$223.1K
CROWDSTRIKE HLDGS INC	CRWD	$10.4M	39,205	0.31%	+0.08pp	25q	HELD
ARES MANAGEMENT CORPORATION	ARES	$10.4M	89,160	0.31%	+0.02pp	7q	+7.5%+$720.3K
GE VERNOVA INC	GEV	$10.1M	10,601	0.30%	-0.07pp	10q	+3.2%+$311.8K
GOLDMAN SACHS GROUP INC	GS	$10.1M	11,189	0.30%	-0.05pp	29q	+0.7%+$66.6K
SANDISK CORP	SNDK	$10.0M	5,773	0.30%	-	new	NEW
CARPENTER TECHNOLOGY CORP	CRS	$9.7M	25,056	0.29%	-0.17pp	2q	+3.4%+$321.2K
RTX CORPORATION	RTX	$9.7M	52,100	0.29%	-0.01pp	26q	+4.9%+$450.4K
ORGANON & CO	OGN	$9.6M	704,100	0.29%	-0.01pp	2q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$9.6M	14,282	0.29%	+0.07pp	31q	+5.0%+$462.4K
TEXAS INSTRS INC	TXN	$9.6M	34,156	0.28%	-0.03pp	31q	HELD
WELLS FARGO & CO	WFC	$9.3M	115,763	0.27%	-0.01pp	32q	+3.0%+$265.7K
ORACLE CORP	ORCL	$9.2M	67,301	0.27%	-0.02pp	32q	+4.7%+$416.4K
AMGEN INC	AMGN	$9.1M	21,581	0.27%	+0.04pp	32q	+5.4%+$463.7K
MARVELL TECHNOLOGY INC	MRVL	$8.8M	33,277	0.26%	-0.05pp	22q	HELD
AMPHENOL CORP	APH	$8.8M	103,826	0.26%	-0.02pp	24q	+2.9%+$250.2K
CITIGROUP INC	C	$8.6M	66,740	0.26%	-0.03pp	32q	HELD
NEXTERA ENERGY INC	NEE	$8.4M	111,440	0.25%	-0.05pp	32q	+1.3%+$105.0K
MORGAN STANLEY	MS	$8.3M	43,999	0.25%	-0.04pp	26q	+1.4%+$117.7K
CONOCOPHILLIPS	COP	$8.1M	64,976	0.24%	+0.04pp	32q	+1.5%+$119.9K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$8.0M	8,645	0.24%	-0.02pp	5q	+1.9%+$145.7K
INTERNATIONAL BUSINESS MACHS	IBM	$7.9M	35,988	0.23%	-0.07pp	32q	+3.9%+$298.0K
INTERACTIVE BROKERS GROUP IN	IBKR	$7.7M	90,490	0.23%	+0.20pp	2q	+622.0%+$6.7M
QUALCOMM INC	QCOM	$7.7M	41,965	0.23%	flat	30q	+4.7%+$349.3K
LXP INDUSTRIAL TRUST	LXP	$7.5M	123,600	0.22%	+0.22pp	2q	+7668.7%+$7.4M
GILEAD SCIENCES INC	GILD	$7.4M	49,883	0.22%	+0.04pp	32q	+6.8%+$472.6K
ANALOG DEVICES INC	ADI	$7.3M	18,442	0.22%	-0.01pp	26q	HELD
SALESFORCE INC	CRM	$7.3M	31,596	0.22%	+0.06pp	32q	-4.2%-$321.4K
VERIZON COMMUNICATIONS INC	VZ	$7.1M	154,997	0.21%	+0.02pp	32q	+3.8%+$260.8K
SAFETY INS GROUP INC	SAFT	$6.9M	66,700	0.20%	-	new	NEW
DISNEY WALT CO	DIS	$6.8M	64,418	0.20%	+0.01pp	32q	+3.2%+$208.6K
EATON CORP PLC	ETN	$6.7M	15,509	0.20%	+0.01pp	6q	+7.1%+$441.7K
WELLTOWER INC	WELL	$6.5M	28,436	0.19%	-0.01pp	24q	HELD
DEERE CO	DE	$6.5M	9,707	0.19%	flat	26q	HELD
DELL TECHNOLOGIES INC	DELL	$6.5M	12,060	0.19%	+0.02pp	16q	-8.4%-$591.7K
ABBOTT LABORATORIES	ABT	$6.5M	65,483	0.19%	+0.02pp	32q	+7.0%+$421.3K
AMERICAN EXPRESS CO	AXP	$6.4M	21,172	0.19%	-0.02pp	30q	+4.8%+$292.5K
PEPSICO INC	PEP	$6.4M	50,438	0.19%	-0.01pp	32q	+3.5%+$214.9K
AT&T INC	T	$6.4M	260,874	0.19%	+0.03pp	32q	+3.5%+$217.1K
WESTERN DIGITAL CORP	WDC	$6.3M	13,804	0.19%	-0.09pp	15q	HELD
MCDONALDS CORP	MCD	$6.0M	25,992	0.18%	-0.03pp	32q	+3.5%+$200.9K
UNION PAC CORP	UNP	$6.0M	22,005	0.18%	flat	32q	+6.0%+$340.4K
PFIZER INC	PFE	$6.0M	209,306	0.18%	+0.03pp	32q	+5.7%+$321.8K
CHARLES SCHWAB CORP (THE)	SCHW	$5.9M	60,332	0.17%	+0.01pp	25q	+1.7%+$100.0K
MEDTRONIC PLC	MDT	$5.9M	68,316	0.17%	+0.02pp	32q	+5.0%+$279.9K
BLACKROCK INC	BLK	$5.7M	5,392	0.17%	+0.02pp	8q	+4.7%+$258.2K
INTUITIVE SURGICAL INC	ISRG	$5.7M	13,967	0.17%	flat	28q	+4.4%+$241.5K
VERTEX PHARMACEUTICALS INC	VRTX	$5.6M	10,723	0.17%	+0.01pp	28q	+8.4%+$432.9K
BOEING CO	BA	$5.6M	30,099	0.17%	-0.03pp	32q	+3.3%+$177.3K
DANAHER CORP DEL	DHR	$5.5M	24,605	0.16%	+0.03pp	31q	+8.9%+$446.6K
SERVICENOW INC	NOW	$5.4M	40,577	0.16%	+0.04pp	28q	+1.1%+$56.6K
PHILLIPS 66	PSX	$5.4M	21,079	0.16%	+0.05pp	30q	+1.5%+$80.4K
WARNER BROS DISCOVERY INC	WBD	$5.4M	172,876	0.16%	-0.24pp	18q	-64.3%-$9.6M
COPART INC	CPRT	$5.2M	189,605	0.15%	-0.01pp	24q	+1.5%+$76.5K
NEWMONT CORP	NEM	$5.1M	44,245	0.15%	+0.02pp	26q	HELD
ROLLINS INC	ROL	$5.0M	164,849	0.15%	-0.07pp	17q	-3.2%-$161.9K
CORNING INC	GLW	$4.9M	31,712	0.14%	-0.10pp	23q	+1.7%+$79.3K
EOG RES INC	EOG	$4.9M	35,305	0.14%	+0.01pp	32q	+3.3%+$157.2K
UBER TECHNOLOGIES INC	UBER	$4.9M	70,900	0.14%	-0.01pp	25q	HELD
ACCELERANT HOLDINGS	ARX	$4.8M	244,000	0.14%	-	new	NEW
BOOKING HOLDINGS INC	BKNG	$4.8M	29,447	0.14%	-0.01pp	32q	+5.3%+$241.9K
CBIZ INC	CBZ	$4.8M	87,200	0.14%	-	new	NEW
AES CORP	AES	$4.7M	317,900	0.14%	+0.02pp	3q	+19.2%+$762.9K
CAPITAL ONE FINL CORP	COF	$4.7M	24,506	0.14%	-0.01pp	26q	-0.6%-$27.6K
PARKER HANNIFIN CORP	PH	$4.7M	4,946	0.14%	-0.01pp	24q	+3.1%+$144.3K
SOUTHERN CO	SO	$4.7M	56,606	0.14%	-0.03pp	32q	+2.1%+$95.8K
BRISTOL-MYERS SQUIBB CO	BMY	$4.7M	74,592	0.14%	+0.01pp	32q	+4.0%+$178.1K
DUKE ENERGY CORP NEW	DUK	$4.6M	40,771	0.14%	-0.02pp	32q	+2.6%+$116.2K
CLOUDFLARE INC	NET	$4.6M	13,364	0.14%	+0.04pp	23q	+1.3%+$58.0K
PROGRESSIVE CORP	PGR	$4.6M	22,230	0.14%	-0.01pp	26q	+6.1%+$263.3K
VALERO ENERGY CORP	VLO	$4.6M	11,783	0.14%	+0.04pp	23q	+1.2%+$53.1K
SNOWFLAKE INC	SNOW	$4.6M	13,440	0.14%	+0.03pp	24q	HELD
PROLOGIS INC.	PLD	$4.5M	34,984	0.13%	-0.01pp	31q	+3.9%+$171.3K
S&P GLOBAL INC	SPGI	$4.5M	11,455	0.13%	-0.01pp	28q	+2.7%+$116.8K
VERTIV HOLDINGS CO	VRT	$4.4M	18,234	0.13%	-0.04pp	10q	+10.5%+$417.5K
CONSTELLATION ENERGY CORP	CEG	$4.4M	17,195	0.13%	flat	19q	+2.7%+$115.6K
FORTINET INC	FTNT	$4.3M	24,266	0.13%	+0.02pp	24q	+1.8%+$78.3K
ARCOSA INC	ACA	$4.3M	29,300	0.13%	-	new	NEW
HDFC BANK LTD	HDB	$4.2M	190,200	0.13%	-0.08pp	32q	-26.5%-$1.5M
ACCENTURE PLC IRELAND	ACN	$4.2M	22,979	0.13%	+0.04pp	6q	+6.8%+$269.0K
MARATHON PETE CORP	MPC	$4.2M	10,585	0.12%	+0.04pp	23q	HELD
ALTRIA GROUP INC	MO	$4.2M	61,728	0.12%	flat	31q	+7.4%+$286.9K
CVS HEALTH CORP	CVS	$4.1M	48,259	0.12%	-0.03pp	29q	+2.0%+$81.5K
CHUBB LIMITED	CB	$4.1M	12,582	0.12%	-0.01pp	6q	HELD
QUANTA SVCS INC	PWR	$4.1M	6,352	0.12%	-0.01pp	17q	+4.8%+$187.6K
STARBUCKS CORP	SBUX	$4.0M	42,678	0.12%	-0.01pp	32q	+2.1%+$82.8K
LOCKHEED MARTIN CORP	LMT	$4.0M	7,862	0.12%	flat	32q	+2.4%+$93.7K
MCKESSON CORP	MCK	$4.0M	4,670	0.12%	+0.01pp	24q	HELD
SHERWIN WILLIAMS CO	SHW	$3.9M	12,168	0.12%	-0.01pp	30q	+6.5%+$240.8K
FREEPORT-MCMORAN INC	FCX	$3.9M	56,113	0.12%	+0.01pp	24q	HELD
TRANE TECHNOLOGIES PLC	TT	$3.9M	8,650	0.12%	-0.01pp	24q	+6.8%+$250.4K
BANK OF NY MELLON CORP	BNY	$3.9M	26,900	0.12%	-0.01pp	24q	HELD
EQUINIX INC	EQIX	$3.9M	3,819	0.11%	flat	29q	+3.2%+$119.4K
ECOLAB INC	ECL	$3.8M	13,945	0.11%	flat	32q	+2.2%+$82.6K
LOWES COS INC	LOW	$3.8M	20,753	0.11%	-0.02pp	31q	+4.7%+$170.3K
SLB LIMITED	SLB	$3.8M	78,409	0.11%	+0.01pp	32q	+7.8%+$277.3K
AUTOMATIC DATA PROCESSING IN	ADP	$3.8M	14,682	0.11%	+0.01pp	30q	+3.6%+$132.9K
CELSIUS HLDGS INC	CELH	$3.8M	138,200	0.11%	-0.02pp	2q	-3.7%-$145.0K
SPACE EXPLORATION TECHN CORP	SPCX	$3.7M	24,812	0.11%	+0.02pp	2q	+46.0%+$1.2M
HOWMET AEROSPACE INC	HWM	$3.7M	16,461	0.11%	-0.02pp	19q	+3.5%+$126.0K
STRYKER CORPORATION	SYK	$3.7M	13,388	0.11%	-0.01pp	32q	+7.4%+$254.5K
DATADOG INC	DDOG	$3.6M	13,274	0.11%	flat	17q	HELD
CME GROUP INC	CME	$3.6M	13,804	0.11%	+0.02pp	32q	+4.7%+$161.9K
JOHNSON CONTROLS INTERNATION	JCI	$3.6M	24,093	0.11%	flat	24q	HELD
HEWLETT PACKARD ENTERPRISE C	HPE	$3.6M	56,047	0.11%	+0.02pp	23q	-5.6%-$210.8K
MARINEMAX INC	HZO	$3.6M	68,200	0.11%	-	new	NEW
BLACKSTONE INC	BX	$3.6M	31,795	0.11%	flat	24q	+4.8%+$163.2K
ROBINHOOD MKTS INC	HOOD	$3.5M	30,988	0.10%	+0.01pp	7q	+1.3%+$45.6K
SEA LTD	SE	$3.4M	35,415	0.10%	-0.01pp	22q	-8.3%-$311.6K
ADOBE INC	ADBE	$3.4M	14,097	0.10%	+0.01pp	32q	+1.0%+$34.1K
US BANCORP	USB	$3.4M	58,368	0.10%	flat	32q	+12.0%+$362.5K
AMERICAN ELEC PWR CO INC	AEP	$3.4M	28,386	0.10%	-0.01pp	30q	+4.9%+$157.4K
KINDER MORGAN INC DEL	KMI	$3.3M	110,509	0.10%	-0.01pp	32q	HELD
EMERSON ELEC CO	EMR	$3.3M	21,321	0.10%	flat	25q	+1.1%+$35.7K
PNC FINL SVCS GROUP INC	PNC	$3.3M	14,732	0.10%	-0.01pp	25q	+8.8%+$265.8K
SYNOPSYS INC	SNPS	$3.3M	7,521	0.10%	-0.01pp	25q	HELD
nan	MELI	$3.3M	1,884	0.10%	flat	26q	+1.5%+$48.4K
REGENERON PHARMACEUTICALS	REGN	$3.2M	4,254	0.10%	+0.02pp	26q	+2.7%+$85.7K
CSX CORP	CSX	$3.2M	68,923	0.10%	flat	26q	+11.6%+$333.4K
ELEVANCE HEALTH INC FORMERLY	ELV	$3.2M	8,243	0.10%	flat	32q	+7.3%+$217.7K
3M CO	MMM	$3.2M	19,465	0.09%	flat	32q	+7.8%+$231.6K
WILLIAMS COS INC	WMB	$3.2M	46,470	0.09%	-0.01pp	22q	+5.5%+$165.2K
BLOOM ENERGY CORP	BE	$3.1M	11,369	0.09%	-0.01pp	3q	+4.3%+$128.5K
INTERCONTINENTAL EXCHANGE IN	ICE	$3.1M	20,475	0.09%	+0.02pp	27q	+5.7%+$168.3K
MARSH & MCLENNAN COS INC	MRSH	$3.1M	18,160	0.09%	flat	26q	+6.8%+$197.9K
LUMENTUM HLDGS INC	LITE	$3.1M	3,150	0.09%	+0.02pp	2q	+15.5%+$409.9K
MARRIOTT INTL INC NEW	MAR	$3.1M	8,601	0.09%	-0.01pp	24q	HELD
T MOBILE US INC	TMUS	$3.0M	18,610	0.09%	flat	26q	+2.2%+$66.2K
AIR PRODUCTS AND CHEMICALS I	APD	$3.0M	10,768	0.09%	flat	26q	+6.0%+$169.4K
ROSS STORES INC	ROST	$3.0M	12,802	0.09%	flat	24q	HELD
CUMMINS INC	CMI	$3.0M	5,720	0.09%	-0.03pp	23q	+5.2%+$146.7K
AMERICAN TOWER CORP	AMT	$2.9M	17,979	0.09%	flat	32q	HELD
MOTOROLA SOLUTIONS INC	MSI	$2.9M	6,574	0.09%	flat	32q	HELD
INTUIT	INTU	$2.9M	10,628	0.09%	flat	29q	+1.0%+$29.8K
SPOTIFY TECHNOLOGY S A	SPOT	$2.9M	6,004	0.09%	flat	8q	HELD
COLGATE PALMOLIVE CO	CL	$2.9M	33,941	0.09%	flat	32q	+8.1%+$217.7K
DOORDASH INC	DASH	$2.9M	15,559	0.08%	flat	9q	HELD
WASTE MGMT INC DEL	WM	$2.9M	13,998	0.08%	-0.01pp	25q	+1.9%+$52.0K
MONDELEZ INTL INC	MDLZ	$2.8M	48,289	0.08%	flat	32q	+10.0%+$253.1K
GENERAL DYNAMICS CORP	GD	$2.8M	8,343	0.08%	flat	23q	+8.2%+$209.4K
KKR & CO INC	KKR	$2.8M	30,150	0.08%	flat	23q	+4.4%+$117.0K
TRAVELERS COMPANIES INC	TRV	$2.7M	7,679	0.08%	+0.01pp	23q	+6.1%+$156.9K
TARGET CORP	TGT	$2.7M	17,464	0.08%	+0.02pp	29q	+13.4%+$324.2K
ROYAL CARIBBEAN GROUP	RCL	$2.7M	10,239	0.08%	-0.02pp	7q	HELD
TERADYNE INC	TER	$2.7M	6,759	0.08%	-0.02pp	20q	HELD
BOSTON SCIENTIFIC CORP	BSX	$2.7M	62,063	0.08%	flat	28q	HELD
COMCAST CORP NEW	CMCSA	$2.7M	124,152	0.08%	-0.01pp	32q	+2.8%+$72.6K
GENERAL MTRS CO	GM	$2.7M	34,960	0.08%	flat	25q	HELD
HILTON WORLDWIDE HLDGS INC	HLT	$2.7M	8,403	0.08%	flat	24q	+6.4%+$161.9K
APPLOVIN CORP	APP	$2.7M	9,200	0.08%	-0.06pp	8q	+2.9%+$75.2K
COMFORT SYS USA INC	FIX	$2.7M	1,606	0.08%	-0.02pp	3q	+0.6%+$14.9K
MONOLITHIC PWR SYS INC	MPWR	$2.6M	1,952	0.08%	-0.01pp	20q	HELD
DIGITAL RLTY TR INC	DLR	$2.6M	14,839	0.08%	flat	26q	+12.7%+$292.6K
KEYSIGHT TECHNOLOGIES INC	KEYS	$2.6M	7,141	0.08%	flat	23q	HELD
NORFOLK SOUTHN CORP	NSC	$2.6M	8,408	0.08%	flat	26q	+10.8%+$253.7K
NORTHROP GRUMMAN CORP	NOC	$2.6M	5,354	0.08%	flat	29q	+4.9%+$121.8K
TRANSDIGM GROUP INC	TDG	$2.6M	2,385	0.08%	-0.02pp	24q	+4.0%+$99.6K
HCA Healthcare, Inc.	HCA	$2.6M	6,034	0.08%	flat	25q	HELD
AIRBNB INC	ABNB	$2.6M	15,961	0.08%	+0.01pp	20q	+9.5%+$222.5K
Dominion Energy, Inc.	D	$2.6M	42,156	0.08%	-0.01pp	32q	+2.0%+$50.4K
UNITED PARCEL SVCS INC	UPS	$2.5M	27,258	0.08%	-0.01pp	29q	+10.6%+$243.3K
UNITED RENTALS INC	URI	$2.5M	2,540	0.08%	-0.01pp	23q	HELD
THE CIGNA GROUP	CI	$2.5M	9,201	0.07%	flat	28q	+3.5%+$85.4K
CORTEVA INC	CTVA	$2.5M	32,184	0.07%	-0.01pp	30q	+4.2%+$100.6K
SIMON PPTY GROUP INC NEW	SPG	$2.5M	12,431	0.07%	flat	24q	+9.1%+$208.4K
GALLAGHER ARTHUR J CO	AJG	$2.5M	10,938	0.07%	flat	21q	+3.8%+$90.8K
TE CONNECTIVITY PLC	TEL	$2.5M	11,787	0.07%	flat	9q	HELD
APOLLO GLOBAL MGMT INC	APO	$2.5M	21,391	0.07%	flat	19q	HELD
MARKETAXESS HLDGS INC	MKTX	$2.5M	14,990	0.07%	-	new	NEW
CINTAS CORP	CTAS	$2.4M	12,440	0.07%	+0.01pp	24q	+2.4%+$57.0K
HONEYWELL INTL INC	HON	$2.4M	11,378	0.07%	-0.01pp	2q	+0.7%+$16.5K
ILLINOIS TOOL WKS INC	ITW	$2.4M	9,280	0.07%	flat	26q	+4.9%+$111.7K
PPL CORP	PPL	$2.4M	72,505	0.07%	-0.01pp	32q	+6.7%+$149.0K
BAKER HUGHES COMPANY	BKR	$2.4M	43,292	0.07%	flat	21q	+8.7%+$190.3K
TARGA RES CORP	TRGP	$2.4M	8,768	0.07%	flat	8q	HELD
NXP SEMICONDUCTORS N V	NXPI	$2.4M	9,906	0.07%	-0.02pp	25q	HELD
FEDEX CORP	FDX	$2.3M	8,193	0.07%	-0.01pp	25q	+5.4%+$119.7K
MONSTER BEVERAGE CORP NEW	MNST	$2.3M	55,648	0.07%	-0.01pp	24q	+8.1%+$174.5K
PACCAR INC	PCAR	$2.3M	21,071	0.07%	-0.01pp	23q	HELD
COHERENT CORP	COHR	$2.3M	7,983	0.07%	-0.02pp	2q	+5.4%+$117.7K
IDEXX LABS INC	IDXX	$2.3M	4,360	0.07%	flat	32q	HELD
DEVON ENERGY CORP NEW	DVN	$2.2M	48,605	0.07%	flat	20q	-8.0%-$193.4K
NUCOR CORP	NUE	$2.2M	9,399	0.07%	flat	23q	HELD
AON PLC	AON	$2.2M	7,860	0.06%	-0.01pp	26q	+13.0%+$249.9K
CARDINAL HEALTH INC	CAH	$2.2M	9,731	0.06%	-0.01pp	19q	HELD
CENCORA INC	COR	$2.2M	7,181	0.06%	flat	24q	+5.2%+$106.6K
HONEYWELL AEROSPACE INC	HONA	$2.1M	13,721	0.06%	-0.01pp	2q	+21.4%+$375.2K
TRUIST FINL CORP	TFC	$2.1M	45,677	0.06%	-0.01pp	26q	HELD
FASTENAL CO	FAST	$2.1M	42,624	0.06%	+0.01pp	21q	+10.6%+$202.4K
VISTRA CORP	VST	$2.1M	15,147	0.06%	-0.01pp	8q	+5.7%+$112.6K
ONEOK INC NEW	OKE	$2.1M	24,569	0.06%	-	new	NEW
WABTEC	WAB	$2.1M	7,147	0.06%	flat	21q	HELD
STATE STR CORP	STT	$2.0M	11,728	0.06%	flat	23q	HELD
CRH PLC	CRH	$2.0M	24,648	0.06%	-0.02pp	10q	+7.2%+$136.9K
CHENIERE ENERGY INC	LNG	$2.0M	7,518	0.06%	+0.01pp	17q	+1.2%+$24.2K
NETAPP INC	NTAP	$2.0M	9,622	0.06%	+0.01pp	22q	HELD
EVERPURE INC	P	$2.0M	15,453	0.06%	+0.02pp	4q	HELD
CIENA CORP	CIEN	$2.0M	5,740	0.06%	-0.03pp	3q	-1.5%-$31.0K
NEBIUS GROUP N.V.	NBIS	$2.0M	8,501	0.06%	flat	2q	+21.4%+$354.1K
AGILENT TECHNOLOGIES INC	A	$2.0M	11,599	0.06%	+0.01pp	25q	HELD
ASTERA LABS INC	ALAB	$2.0M	5,609	0.06%	-0.02pp	2q	+6.5%+$122.5K
TWILIO INC	TWLO	$2.0M	6,803	0.06%	+0.01pp	25q	-9.3%-$204.7K
SEMPRA	SRE	$2.0M	25,451	0.06%	-0.01pp	24q	+5.8%+$109.1K
ILLUMINA INC	ILMN	$2.0M	7,150	0.06%	+0.02pp	26q	HELD
EBAY INC.	EBAY	$1.9M	18,327	0.06%	-0.01pp	26q	HELD
REALTY INCOME CORP	O	$1.9M	35,530	0.06%	-0.01pp	21q	+5.6%+$102.7K
FORD MTR CO	F	$1.9M	159,665	0.06%	-0.01pp	30q	+1.0%+$18.5K
GARMIN LTD	GRMN	$1.9M	6,689	0.06%	+0.01pp	6q	+3.6%+$67.4K
FIFTH THIRD BANCORP	FITB	$1.9M	37,708	0.06%	-0.01pp	23q	HELD
ALLSTATE CORP	ALL	$1.9M	8,592	0.06%	-0.01pp	22q	HELD
L3HARRIS TECHNOLOGIES INC	LHX	$1.9M	8,049	0.06%	-0.01pp	29q	+7.9%+$139.7K
EXELON CORP	EXC	$1.9M	47,071	0.06%	-0.01pp	30q	-0.9%-$17.7K
WW GRAINGER INC	GWW	$1.9M	1,521	0.06%	-0.01pp	19q	+2.8%+$52.3K
WATERS CORP	WAT	$1.9M	4,296	0.06%	+0.01pp	21q	HELD
ENTERGY CORP NEW	ETR	$1.9M	19,006	0.06%	-0.01pp	21q	HELD
ROCKWELL AUTOMATION INC	ROK	$1.9M	4,314	0.06%	-0.01pp	23q	HELD
IQVIA HLDGS INC	IQV	$1.9M	6,977	0.06%	+0.01pp	24q	HELD
METLIFE INC	MET	$1.8M	19,484	0.05%	+0.01pp	24q	+8.5%+$144.4K
EDWARDS LIFESCIENCES CORP	EW	$1.8M	21,203	0.05%	flat	26q	+5.5%+$96.0K
AFLAC INC	AFL	$1.8M	16,304	0.05%	-0.01pp	23q	HELD
NATERA INC	NTRA	$1.8M	4,400	0.05%	-	new	NEW
MICROCHIP TECHNOLOGY INC.	MCHP	$1.8M	23,284	0.05%	-0.01pp	24q	HELD
HUMANA INC	HUM	$1.8M	4,739	0.05%	flat	26q	+2.6%+$46.6K
TEVA PHARMACEUTICAL INDS LTD	TEVA	$1.8M	45,629	0.05%	-	new	NEW
PAYPAL HLDGS INC	PYPL	$1.8M	34,369	0.05%	+0.01pp	32q	+5.4%+$92.6K
VEEVA SYS INC	VEEV	$1.8M	6,324	0.05%	+0.02pp	25q	HELD
SILICON LABORATORIES INC	SLAB	$1.8M	8,111	0.05%	flat	2q	HELD
BLOCK INC	XYZ	$1.8M	24,425	0.05%	flat	26q	+2.5%+$44.3K
AUTOZONE INC	AZO	$1.8M	631	0.05%	-0.01pp	23q	HELD
CARVANA CO	CVNA	$1.8M	28,364	0.05%	flat	5q	+0.6%+$11.2K
DIAMONDBACK ENERGY INC	FANG	$1.8M	9,556	0.05%	+0.01pp	10q	+18.0%+$267.6K
CARRIER GLOBAL CORPORATION	CARR	$1.8M	31,928	0.05%	-0.01pp	24q	+10.4%+$164.5K
CAESARS ENTERTAINMENT INC NE	CZR	$1.7M	59,000	0.05%	flat	2q	HELD
FLEX LTD	FLEX	$1.7M	15,830	0.05%	-0.03pp	2q	+1.2%+$20.2K
NASDAQ INC	NDAQ	$1.7M	18,752	0.05%	+0.01pp	17q	HELD
BECTON DICKINSON CO	BDX	$1.7M	9,627	0.05%	+0.01pp	29q	+2.7%+$45.6K
HALLIBURTON CO	HAL	$1.7M	53,946	0.05%	flat	32q	+4.5%+$73.3K
Ventas Inc	VTR	$1.7M	20,156	0.05%	flat	22q	+1.0%+$16.2K
PUBLIC STORAGE	PSA	$1.7M	6,046	0.05%	flat	32q	+11.8%+$181.0K
COINBASE GLOBAL INC	COIN	$1.7M	9,170	0.05%	+0.01pp	8q	HELD
NIKE INC	NKE	$1.7M	47,471	0.05%	flat	32q	+10.6%+$161.1K
XCEL ENERGY INC	XEL	$1.7M	23,824	0.05%	-0.01pp	23q	+7.4%+$115.6K
OCCIDENTAL PETE CORP	OXY	$1.7M	30,124	0.05%	+0.01pp	17q	+6.7%+$104.2K
KEURIG DR PEPPER INC	KDP	$1.6M	54,166	0.05%	+0.01pp	22q	+27.8%+$357.9K
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$1.6M	7,905	0.05%	-0.01pp	23q	HELD
ZOETIS INC	ZTS	$1.6M	23,209	0.05%	-0.08pp	32q	-59.2%-$2.4M
ALNYLAM PHARMACEUTICALS INC	ALNY	$1.6M	6,558	0.05%	flat	5q	+23.4%+$306.5K
VIVMARK RESIDENTIAL	VMRK	$1.6M	26,515	0.05%	+0.02pp	23q	+101.0%+$809.5K
CHIPOTLE MEXICAN GRILL INC	CMG	$1.6M	50,272	0.05%	-0.01pp	25q	HELD
FERGUSON ENTERPRISES INC	FERG	$1.6M	7,210	0.05%	flat	9q	+6.6%+$99.5K
CBRE GROUP INC	CBRE	$1.6M	12,413	0.05%	flat	23q	+4.2%+$64.7K
WORKDAY INC	WDAY	$1.6M	8,352	0.05%	+0.02pp	25q	HELD
ROCKET LAB CORP	RKLB	$1.6M	22,632	0.05%	-0.02pp	4q	+4.0%+$60.8K
AUTODESK INC	ADSK	$1.6M	7,533	0.05%	flat	26q	+7.3%+$107.6K
ARCHER DANIELS MIDLAND CO	ADM	$1.6M	19,827	0.05%	flat	23q	HELD
CENTENE CORP DEL	CNC	$1.6M	25,192	0.05%	flat	26q	HELD
EMCOR GROUP INC	EME	$1.6M	2,070	0.05%	flat	5q	+6.5%+$95.1K
REPUBLIC SVCS INC	RSG	$1.5M	7,353	0.05%	flat	20q	HELD
ATLASSIAN CORPORATION	TEAM	$1.5M	8,548	0.05%	+0.02pp	11q	HELD
AMERIPRISE FINL INC	AMP	$1.5M	3,096	0.05%	flat	23q	+2.0%+$30.0K
DEXCOM INC	DXCM	$1.5M	17,452	0.04%	+0.01pp	26q	HELD
BIOGEN INC	BIIB	$1.5M	6,428	0.04%	flat	28q	HELD
IRON MTN INC DEL	IRM	$1.4M	13,058	0.04%	-0.01pp	9q	HELD
ON SEMICONDUCTOR CORP	ON	$1.4M	18,761	0.04%	-0.01pp	17q	HELD
NORTHERN TR CORP	NTRS	$1.4M	8,509	0.04%	flat	22q	HELD
STEEL DYNAMICS INC	STLD	$1.4M	6,399	0.04%	flat	19q	HELD
AXON ENTERPRISE INC	AXON	$1.4M	3,352	0.04%	-0.01pp	14q	+2.2%+$30.4K
CHURCH & DWIGHT CO INC	CHD	$1.4M	14,953	0.04%	flat	22q	+7.6%+$99.9K
OLD DOMINION FREIGHT LINE IN	ODFL	$1.4M	8,088	0.04%	-0.01pp	22q	+0.6%+$8.2K
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$1.4M	7,206	0.04%	-0.01pp	2q	+17.9%+$212.9K
INSMED INC	INSM	$1.4M	12,258	0.04%	flat	3q	HELD
SYSCO CORP	SYY	$1.4M	17,889	0.04%	flat	32q	HELD
D R HORTON INC	DHI	$1.4M	10,200	0.04%	-0.01pp	23q	HELD
EXPEDIA GROUP INC	EXPE	$1.4M	5,280	0.04%	flat	23q	HELD
RESMED INC	RMD	$1.4M	6,233	0.04%	+0.01pp	24q	+5.5%+$71.6K
KIMBERLY CLARK CORP	KMB	$1.4M	14,080	0.04%	flat	26q	+21.5%+$243.1K
MONGODB INC	MDB	$1.4M	3,934	0.04%	flat	17q	HELD
KENVUE INC	KVUE	$1.4M	77,253	0.04%	flat	13q	+2.7%+$35.3K
EXTRA SPACE STORAGE INC	EXR	$1.3M	10,181	0.04%	-0.01pp	23q	-8.7%-$127.0K
BALL CORP	BALL	$1.3M	23,787	0.04%	-0.01pp	32q	HELD
CBOE GLOBAL MKTS INC	CBOE	$1.3M	4,819	0.04%	flat	16q	HELD
HUNTINGTON BANCSHARES INC	HBAN	$1.3M	86,023	0.04%	flat	23q	+15.4%+$175.2K
TRACTOR SUPPLY CO	TSCO	$1.3M	41,926	0.04%	flat	32q	+8.2%+$99.4K
F5 INC	FFIV	$1.3M	2,946	0.04%	flat	12q	HELD
CARNIVAL CORP LTD	CCL	$1.3M	53,017	0.04%	-0.01pp	2q	+6.9%+$83.9K
INGERSOLL RAND INC	IR	$1.3M	17,307	0.04%	-0.01pp	22q	HELD
WASTE CONNECTIONS INC	WCN	$1.3M	8,414	0.04%	-0.01pp	21q	HELD
M & T BK CORP	MTB	$1.3M	5,936	0.04%	flat	19q	+11.8%+$136.7K
GE HEALTHCARE TECHNOLOGIES I	GEHC	$1.3M	19,702	0.04%	flat	15q	HELD
American Int'l Group, Inc.	AIG	$1.3M	17,291	0.04%	flat	23q	HELD
SYNCHRONY FINANCIAL	SYF	$1.3M	18,109	0.04%	flat	17q	+9.2%+$108.0K
ROPER TECHNOLOGIES INC	ROP	$1.3M	3,671	0.04%	flat	26q	+6.8%+$81.8K
TELEDYNE TECHNOLOGIES INC	TDY	$1.3M	2,098	0.04%	-0.01pp	22q	HELD
KROGER CO	KR	$1.3M	21,674	0.04%	flat	27q	HELD
YUM! BRANDS INC	YUM	$1.3M	9,279	0.04%	-0.01pp	23q	+2.0%+$24.5K
LIVE NATION ENTERTAINMENT IN	LYV	$1.3M	7,467	0.04%	flat	15q	HELD
PRUDENTIAL FINL INC	PRU	$1.3M	11,129	0.04%	flat	23q	HELD
PAYCHEX INC	PAYX	$1.3M	12,799	0.04%	flat	22q	HELD
OKTA INC	OKTA	$1.3M	6,000	0.04%	-	new	NEW
WEST PHARMACEUTICAL SVSC INC	WST	$1.3M	3,378	0.04%	flat	22q	HELD
CITIZENS FINL GROUP INC	CFG	$1.2M	19,515	0.04%	-0.01pp	21q	HELD
METTLER TOLEDO INTERNATIONAL	MTD	$1.2M	814	0.04%	flat	24q	HELD
STRATEGY INC	MSTR	$1.2M	8,000	0.04%	+0.01pp	8q	-29.7%-$517.1K
HUBBELL INC	HUBB	$1.2M	2,698	0.04%	flat	16q	+11.7%+$128.4K
PPG INDS INC	PPG	$1.2M	11,713	0.04%	-0.01pp	32q	+5.3%+$61.3K
ROYALTY PHARMA PLC	RPRX	$1.2M	20,879	0.04%	flat	18q	HELD
ROBLOX CORP	RBLX	$1.2M	28,631	0.04%	-0.01pp	5q	+4.0%+$47.2K
VULCAN MATLS CO	VMC	$1.2M	4,957	0.04%	-0.01pp	21q	HELD
QNITY ELECTRONICS INC	Q	$1.2M	9,637	0.04%	flat	2q	+21.9%+$217.5K
INTERNATIONAL PAPER CO	IP	$1.2M	36,373	0.04%	-0.01pp	32q	+2.6%+$31.0K
PUBLIC SVC ENTERPRISE GROUP	PEG	$1.2M	17,617	0.04%	-0.01pp	22q	+7.9%+$87.1K
XYLEM INC	XYL	$1.2M	11,593	0.03%	flat	30q	+15.6%+$158.2K
INCYTE CORP	INCY	$1.2M	9,627	0.03%	+0.01pp	20q	+17.0%+$169.5K
HP INC	HPQ	$1.2M	37,209	0.03%	+0.01pp	24q	HELD
DOLLAR GEN CORP	DG	$1.2M	9,681	0.03%	flat	26q	HELD
SMURFIT WESTROCK PLC	SW	$1.2M	26,210	0.03%	flat	9q	+3.8%+$41.9K
ATMOS ENERGY CORP	ATO	$1.2M	7,369	0.03%	-0.01pp	18q	HELD
DOW HLDGS INC	DOW	$1.2M	41,850	0.03%	flat	30q	HELD
CONSOLIDATED EDISON INC	ED	$1.1M	11,241	0.03%	flat	21q	HELD
ARCH CAP GROUP LTD	ACGL	$1.1M	12,412	0.03%	flat	18q	+0.9%+$10.0K
DOVER CORP	DOV	$1.1M	6,121	0.03%	-0.01pp	17q	HELD
LAUDER ESTEE COS INC	EL	$1.1M	12,273	0.03%	flat	32q	HELD
CROWN CASTLE INC	CCI	$1.1M	17,032	0.03%	flat	32q	+9.4%+$97.4K
ULTA BEAUTY INC	ULTA	$1.1M	2,060	0.03%	flat	22q	HELD
ZSCALER INC	ZS	$1.1M	5,614	0.03%	+0.01pp	15q	+20.1%+$187.1K
QUEST DIAGNOSTICS INC	DGX	$1.1M	4,769	0.03%	flat	16q	+1.0%+$10.5K
HARTFORD INSURANCE GROUP INC	HIG	$1.1M	9,083	0.03%	flat	21q	HELD
WEC ENERGY GROUP INC	WEC	$1.1M	11,000	0.03%	-0.01pp	22q	+3.2%+$34.5K
SUNBELT RENTALS HOLDINGS INC	SUNB	$1.1M	15,141	0.03%	-	new	NEW
FISERV INC	FISV	$1.1M	24,533	0.03%	flat	28q	HELD
JABIL INC	JBL	$1.1M	3,852	0.03%	-0.01pp	2q	+10.1%+$101.0K
RAYMOND JAMES FINL INC	RJF	$1.1M	6,963	0.03%	flat	20q	HELD
MARTIN MARIETTA MATLS INC	MLM	$1.1M	2,272	0.03%	-0.01pp	21q	HELD
LPL FINL HLDGS INC	LPLA	$1.1M	3,555	0.03%	flat	16q	HELD
PENSKE AUTOMOTIVE GRP INC	PAG	$1.1M	5,400	0.03%	-	new	NEW
PRINCIPAL FINANCIAL GROUP IN	PFG	$1.1M	9,466	0.03%	flat	21q	HELD
HERSHEY CO	HSY	$1.1M	6,668	0.03%	-0.01pp	20q	HELD
AMERICAN WTR WKS CO INC NEW	AWK	$1.0M	8,082	0.03%	flat	22q	+6.9%+$67.5K
EVERSOURCE ENERGY	ES	$1.0M	16,130	0.03%	-0.01pp	22q	HELD
GENERAL MILLS INC	GIS	$1.0M	31,877	0.03%	flat	31q	+29.1%+$231.3K
NISOURCE INC	NI	$1.0M	26,182	0.03%	flat	17q	+17.1%+$148.7K
WILLIS TOWERS WATSON PLC LTD	WTW	$1.0M	3,520	0.03%	flat	22q	+8.9%+$82.7K
PULTEGROUP INC	PHM	$1.0M	8,691	0.03%	flat	15q	+7.6%+$70.9K
DOLLAR TREE INC	DLTR	$1.0M	8,842	0.03%	flat	21q	HELD
OMNICOM GROUP INC	OMC	$990.7K	13,455	0.03%	flat	19q	HELD
KEYCORP	KEY	$987.3K	49,191	0.03%	flat	20q	+9.0%+$81.3K
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$973.3K	16,945	0.03%	+0.01pp	25q	+5.7%+$52.7K
AMEREN CORP	AEE	$963.7K	9,697	0.03%	flat	19q	+2.5%+$23.9K
CARLYLE GROUP INC	CG	$962.1K	24,259	0.03%	flat	15q	+25.9%+$198.0K
KRAFT HEINZ CO	KHC	$960.5K	42,275	0.03%	flat	22q	+19.0%+$153.1K
PG&E CORP	PCG	$948.3K	77,416	0.03%	-0.01pp	10q	+3.2%+$29.2K
FIRSTENERGY CORP	FE	$944.1K	21,788	0.03%	flat	21q	+16.6%+$134.5K
EXPAND ENERGY CORPORATION	EXE	$943.1K	11,215	0.03%	flat	6q	+3.5%+$32.0K

Showing the largest 400 of 503 positions.

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Semiconductors & Electronics	$639.0M	19.0%
Software & IT Services	$611.3M	18.1%
Computer Hardware	$348.2M	10.3%
Retail & Consumer	$294.9M	8.7%
Biotech & Pharma	$198.9M	5.9%
Business Services	$186.7M	5.5%
Banks & Lending	$115.8M	3.4%
Energy	$106.7M	3.2%
Insurance	$105.0M	3.1%
Autos & Aerospace	$93.7M	2.8%
Industrials	$81.2M	2.4%
Capital Markets	$79.9M	2.4%
Other sectors	$503.2M	14.9%
Not classified	$6.2M	0.2%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	+2.3%	+2.1%	+0.2%	99%
Q2 2026	+13.1%	+14.8%	-1.7%	99%
Q1 2026	-5.7%	-4.6%	-1.0%	98%
Q4 2025	+1.8%	+2.4%	-0.5%	99%
Q3 2025	+6.9%	+7.8%	-0.9%	99%
Q2 2025	+9.1%	+10.5%	-1.4%	100%
Q1 2025	-4.2%	-4.6%	+0.3%	99%
Q4 2024	+1.9%	+2.1%	-0.2%	96%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$3.4B	503	18	272	25	147	39.6%	26
Q2 2026	$3.2B	632	147	282	34	27	36.8%	30
Q1 2026	$2.8B	512	13	294	40	25	36.7%	43
Q4 2025	$2.9B	524	9	340	57	20	38.7%	27
Q3 2025	$2.8B	535	12	338	47	14	37.6%	27
Q2 2025	$2.6B	537	10	373	71	38	35.8%	43
Q1 2025	$2.8B	565	12	377	33	19	30.9%	43
Q4 2024	$2.8B	572	32	360	46	23	32.4%	24
Q3 2024	$2.3B	563	16	359	54	12	33.2%	37
Q2 2024	$2.1B	559	19	349	70	22	35.2%	26
Q1 2024	$2.0B	562	22	417	79	16	32.1%	32
Q4 2023	$1.8B	556	18	414	39	23	30.4%	33
Q3 2023	$1.6B	561	12	455	65	17	30.3%	33
Q2 2023	$1.6B	566	21	406	91	18	31.4%	28
Q1 2023	$1.4B	563	44	438	37	21	29.8%	41
Q4 2022	$1.3B	540	60	414	43	22	26.7%	26
Q3 2022	$1.2B	502	35	391	54	38	28.5%	41
Q2 2022	$1.1B	505	35	412	46	33	29.9%	40
Q1 2022	$1.3B	503	40	358	74	44	29.9%	43
Q4 2021	$1.3B	507	69	329	70	26	31.5%	26
Q3 2021	$1.1B	464	46	332	74	29	30.9%	46
Q2 2021	$1.1B	447	82	238	107	18	31.2%	43
Q1 2021	$977.1M	383	67	215	87	28	30.9%	47
Q4 2020	$917.0M	344	85	160	79	24	31.9%	47
Q3 2020	$802.3M	283	48	171	49	21	36.2%	40
Q2 2020	$703.5M	256	53	139	49	17	36.7%	38
Q1 2020	$585.0M	220	24	114	65	50	35.3%	42
Q4 2019	$656.5M	246	38	124	58	18	35.2%	45
Q3 2019	$600.2M	226	29	134	53	22	33.9%	29
Q2 2019	$572.4M	219	39	107	39	28	32.9%	25
Q1 2019	$538.8M	208	20	108	55	31	31.9%	25
Q4 2018	$494.6M	219	0	0	0	0	28.7%	35

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.