Institution

Desjardins Global Asset Management Inc.

13F for December 31, 2023, filed January 30, 2024 · SEC CIK 1563660 · Holdings history from December 31, 2021

The latest available holdings for this manager are dated December 31, 2023.

Reported value: $930.0m
Positions we cover: 581
Copy, a year: +11.0%
Copy Sharpe ratio: —

Copy-performance statistics: February 4, 2022 to May 10, 2024. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Holdings reported by Federation Des Caisses Desjardins Du Quebec · SEC notice for March 31, 2017
Holdings reported by Clearbridge Investments, LLC · SEC notice for March 31, 2017
Holdings reported by Fiera Capital Corp · SEC notice for March 31, 2017
Holdings reported by Global Alpha Capital Management Ltd. · SEC notice for March 31, 2017
Holdings reported by Impax Asset Management Group PLC · SEC notice for March 31, 2017
Holdings reported by Impax Asset Management Ltd · SEC notice for March 31, 2017
Holdings reported by Jarislowsky, Fraser Ltd · SEC notice for March 31, 2017
Holdings reported by Jpmorgan Chase & Co · SEC notice for March 31, 2017
Holdings reported by Lazard Asset Management LLC · SEC notice for March 31, 2017
Holdings reported by Massachusetts Financial Services Co · SEC notice for March 31, 2017
Holdings reported by Mirova · SEC notice for March 31, 2017
Holdings reported by Prudential Financial Inc · SEC notice for March 31, 2017
Holdings reported by Sarasin & Partners LLP · SEC notice for March 31, 2017
Holdings reported by Price T Rowe Associates Inc · SEC notice for March 31, 2017
Holdings reported by Wellington Management Group LLP · SEC notice for March 31, 2017
Holdings reported by Western Asset Management Company, LLC · SEC notice for March 31, 2017
Holdings reported by CI Investments Inc. · SEC notice for March 31, 2017
Holdings reported by Connor, Clark & Lunn Investment Management Ltd. · SEC notice for March 31, 2017
Holdings reported by Beutel, Goodman & Co Ltd. · SEC notice for March 31, 2017
Holdings reported by Amundi · SEC notice for March 31, 2017
Holdings reported by Alliancebernstein L.P. · SEC notice for March 31, 2017
Holdings reported by Addenda Capital Inc. · SEC notice for March 31, 2017
Holdings reported by Acadian Asset Management LLC · SEC notice for March 31, 2017
Holdings reported by Aberdeen Group PLC · SEC notice for March 31, 2017
Holdings reported by IFM Investors Pty Ltd · SEC notice for June 30, 2024
Holdings reported by Ninety One North America, Inc. · SEC notice for June 30, 2024
Holdings reported by Mondrian Investment Partners Ltd · SEC notice for June 30, 2024
Holdings reported by Altrinsic Global Advisors LLC · SEC notice for June 30, 2024
Holdings reported by Bank Of Montreal · SEC notice for June 30, 2024
Holdings reported by Grandeur Peak Global Advisors, LLC · SEC notice for June 30, 2024
Holdings reported by Hermes Investment Management Ltd · SEC notice for June 30, 2024
Holdings reported by Federated Hermes, Inc. · SEC notice for June 30, 2024
Holdings reported by Hillsdale Investment Management Inc. · SEC notice for June 30, 2024
Holdings reported by Leith Wheeler Investment Counsel Ltd. · SEC notice for June 30, 2025
Holdings reported by Mawer Investment Management Ltd. · SEC notice for June 30, 2026
Holdings reported by Picton Mahoney Asset Management · SEC notice for June 30, 2026
Holdings reported by Northwest & Ethical Investments L.P. · SEC notice for June 30, 2026
Holdings reported by Morguard Lincluden Global Investments Ltd · SEC notice for June 30, 2026
Holdings reported by Boston Partners · SEC notice for June 30, 2026
Holdings reported by Blackrock, Inc. · SEC notice for June 30, 2026
Holdings reported by Guardian Capital LP · SEC notice for June 30, 2026

Holdings date Find a security

658 reported entries for December 31, 2023.

Issuer	Class / type	Reported value	Quantity
EXPEDITORS INTL OF WA INC302130109 · EXPD	Common Stock	$1.8m	13,815
EXTRA SPACE STORAGE INC30225T102 · EXR	Common Stock	$218,898	1,365
EXXON MOBIL CORP30231G102	Common Stock	$2.0m	19,969
F5, INC.315616102 · FFIV	Common Stock	$486,109	2,716
FACTSET RESEARCH SYSTEM INC303075105 · FDS	Common Stock	$39,585	83
FAIR ISAAC CORP303250104 · FICO	Common Stock	$1.5m	1,299
FASTENAL CO311900104 · FAST	Common Stock	$360,788	5,571
FEDEX CORP31428X106 · FDX	Common Stock	$2.2m	8,765
FERGUSON PLCG3421J106	Common Stock	$2.0m	10,609
FIDELITY NATIONAL FINANCIAL INC.31620R303 · FNF	Common Stock	$1.6m	32,303
FIDELITY NATIONAL INFORMATION31620M106 · FIS	Common Stock	$2.5m	41,747
FIFTH THIRD BANCORP (OH)316773100 · FITB	Common Stock	$91,605	2,656
FINANCIAL SELECT SECTOR SPDR81369Y605	Exchange Traded Fund Share	$758,692	20,178
FIRST CITIZENS BANCSHS A31946M103 · FCNCA	Common Stock	$120,612	85
FIRST SOLAR INC336433107 · FSLR	Common Stock	$105,777	614
FISERV INC337738108 · FISV	Common Stock	$2.1m	15,671
FIVE BELOW INC33829M101 · FIVE	Common Stock	$2.8m	13,057
FLEETCOR TECHNOLOGIES INC339041105	Common Stock	$195,000	690
FMC CORP302491303 · FMC	Common Stock	$8,698	138
FORD MOTOR CO345370860 · F	Common Stock	$257,749	21,153
FORTINET INC34959E109 · FTNT	Common Stock	$409,066	6,989
FORTIVE CORP34959J108 · FTV	Common Stock	$172,306	2,340
FOX CORP A35137L105 · FOXA	Common Stock	$417,839	14,085
FOX CORP B35137L204	Common Stock	$55,991	2,025
Franco-Nevada Corp USD351858105 · FNV	Common Stock	$2.5m	22,782
FRANKLIN RESOURCES INC354613101 · BEN	Common Stock	$2.4m	80,905
FREEPORT-MCMORAN INC35671D857 · FCX	Common Stock	$701,015	16,471
FUTU HOLDINGS LTD-ADR36118L106 · FUTU	Common Stock	$21,850	400
GAMING AND LEISURE PROPERTIES INC36467J108 · GLPI	Common Stock	$151,257	3,065
GARMIN LTDH2906T109 · GRMN	Common Stock	$912,983	7,102
GARTNER INC366651107 · IT	Common Stock	$157,436	349
GE HEALTHCARE TECHNOLOGIES INC.36266G107 · GEHC	Common Stock	$157,500	2,037
GEN Digital Inc668771108 · GEN	Common Stock	$21,240	931
GENERAL ELECTRIC CO369604301 · GE	Common Stock	$3.8m	29,459
GENERAL MILLS INC370334104 · GIS	Common Stock	$1.2m	19,017
GENERAL MOTORS COMPANY37045V100 · GM	Common Stock	$4.4m	122,107
GENUINE PARTS CO372460105 · GPC	Common Stock	$74,900	541
GILEAD SCIENCES INC375558103 · GILD	Common Stock	$2.3m	28,072
GLOBAL PAYMENTS INC37940X102 · GPN	Common Stock	$2.7m	20,890
GLOBAL-E ONLINEM5216V106 · GLBE	Common Stock	$24,040	607
GLOBE LIFE INC.37959E102 · GL	Common Stock	$151,694	1,246
GODADDY INC CLASS A380237107 · GDDY	Common Stock	$207,012	1,950
GOLDMAN SACHS GROUP INC38141G104 · GS	Common Stock	$920,751	2,387
GRAB HOLDINGS LTD - CL AG4124C109 · GRAB	Common Stock	$39,968	11,860
GRACO INC384109104 · GGG	Common Stock	$276,776	3,190
HALLIBURTON CO406216101 · HAL	Common Stock	$436,127	12,066
HARTFORD FINL SERVICES GROUP416515104 · HIG	Common Stock	$1.3m	16,534
HCA HEALTHCARE INC40412C101 · HCA	Common Stock	$1.8m	6,679
Healthpeak Properties Inc.42250P103 · DOC	Common Stock	$14,589	737
HEICO CORP422806109 · HEI	Common Stock	$229,844	1,465
HENRY SCHEIN INC806407102 · HSIC	Common Stock	$517,477	6,835
HERSHEY FOODS CORP427866108 · HSY	Common Stock	$3.0m	15,919
HESS CORP42809H107	Common Stock	$256,333	1,778
HEWLETT PACKARD ENTERPRISE CO42824C109 · HPE	Common Stock	$2.1m	122,140
HILTON WORLDWIDE HOLDINGS INC43300A203 · HLT	Common Stock	$56,252	309
HOLOGIC INC436440101	Common Stock	$781,045	10,932
HOME DEPOT INC437076102 · HD	Common Stock	$1.8m	5,256
HORMEL FOODS CORP440452100 · HRL	Common Stock	$104,197	3,245
HORTON D.R. INC23331A109 · DHI	Common Stock	$572,950	3,770
HOST HOTELS & RESORTS INC44107P104 · HST	Common Stock	$1.7m	86,743
Howmet Aerospace Inc.443201108 · HWM	Common Stock	$1.7m	32,314
HP INC40434L105 · HPQ	Common Stock	$52,025	1,729
HUBBELL INC443510607 · HUBB	Common Stock	$211,871	644
HUBSPOT INC.443573100 · HUBS	Common Stock	$112,589	194
HUMANA INC444859102 · HUM	Common Stock	$386,744	845
HUNT JB TRANS SVCS445658107 · JBHT	COMMON	$11,585	58
LIBERTY GLOBAL LTDG61188101	COM CL	$4,709	265
LIBERTY SIRIUSXM C531229722	Common Stock	$42,421	1,474
LINDE PLCG54950103 · LIN	Common Stock	$1.1m	2,611
LIVE NATION ENTERTAINMENT INC.538034109 · LYV	Common Stock	$120,282	1,285
LKQ CORP501889208 · LKQ	Common Stock	$1,911	40
LOEWS CORP540424108 · L	Common Stock	$34,165	491
LOWE'S COS INC548661107 · LOW	Common Stock	$556,061	2,499
LPL FINANCIAL HOLDINGS INC50212V100 · LPLA	Common Stock	$101,507	446
LUCID GROUP A549498103	Common Stock	$32,870	7,816
LULULEMON ATHLETICA INC.550021109 · LULU	Common Stock	$257,682	504
LYONDELLBASELL INDUSTRIES N.V.N53745100 · LYB	Common Stock	$9,028	95
M&T BANK CORP55261F104 · MTB	Common Stock	$180,355	1,316
MAGNA INTL INC559222401 · MGA	COMMON	$101,410	1,708
MANHATTAN ASSOCIATES562750109 · MANH	Common Stock	$1.5m	7,045
MANULIFE FINCL CORP56501R106 · MFC	COMMON	$158,946	7,158
MARATHON OIL CORP565849106	Common Stock	$182,811	7,570
MARATHON PETROLEUM CORP.56585A102 · MPC	Common Stock	$794,434	5,355
MARKEL CORPORATION570535104 · MKL	Common Stock	$1.1m	777
MARKETAXESS HOLDINGS57060D108 · MKTX	Common Stock	$61,205	209
MARRIOTT INTL A571903202 · MAR	Common Stock	$151,993	674
MARSH & MCLENNAN COMPANIES571748102 · MRSH	Common Stock	$1.5m	8,001
MARTIN MARIETTA MATERIALS573284106 · MLM	Common Stock	$340,775	683
MARVELL TECHNOLOGY INC573874104 · MRVL	Common Stock	$221,621	3,675
MASCO CORP574599106 · MAS	Common Stock	$129,606	1,935
MASTERCARD INC A57636Q104 · MA	Common Stock	$8.6m	20,187
MATCH GROUP, INC.57667L107 · MTCH	Common Stock	$143,737	3,938
MCCORMICK & CO579780206 · MKC	Common Stock	$124,374	1,818
MCDONALD'S CORP580135101 · MCD	Common Stock	$4.5m	15,186
MCKESSON CORP58155Q103 · MCK	Common Stock	$3.0m	6,476
MEDTRONIC PLCG5960L103 · MDT	Common Stock	$1.9m	23,232
MERCADOLIBRE INC58733R102 · MELI	Common Stock	$354,968	226
MERCK & CO INC58933Y105 · MRK	Common Stock	$3.2m	29,786
Meta Platforms Inc.30303M102 · META	Common Stock	$13.4m	37,832
METLIFE INC59156R108 · MET	Common Stock	$440,624	6,663

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying Desjardins Global Asset Management Inc.'s usable filed holdings in companies we cover from February 4, 2022, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −17.9% (S&P 500 −20.5%); beta 0.97; alpha +2.4% a year (t = 1.54); last 12 months +29.2% against +28.1%.

Reported value by quarter

Desjardins Global Asset Management Inc.: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2021-12-31	$1.2B
2022-03-31	$1.1B
2022-06-30	$761.9M
2022-09-30	$789.9M
2023-06-30	$867.4M
2023-09-30	$918.6M
2023-12-31	$930M

Latest covered holdings and moves

Covered holdings as of December 31, 2023.

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	4.87%	$45.3m	120.4K	−19.5% Reduced
AAPLApple Inc.	3.66%	$34.0m	176.6K	−52.9% Reduced
CTASCintas	3.14%	$29.2m	48.5K	−0.3%
NVDANVIDIA Corporation	2.12%	$19.8m	39.9K	+0.9% Added
ZTSZoetis	1.75%	$16.3m	82.7K	−9.6% Reduced
AMZNAmazon	1.48%	$13.8m	90.7K	−24.8% Reduced
METAMeta Platforms	1.44%	$13.4m	37.8K	−62.1% Reduced
GOOGLAlphabet Inc. (Class A)	1.00%	$9.3m	66.4K	−15.0% Reduced
PANWPalo Alto Networks	0.99%	$9.2m	31.1K	−10.1% Reduced
MAMastercard	0.93%	$8.6m	20.2K	+35.3% Added
CRMSalesforce	0.81%	$7.5m	28.6K	−7.9% Reduced
AVGOBroadcom	0.80%	$7.4m	6.6K	−15.1% Reduced
ABTAbbott Laboratories	0.78%	$7.2m	65.4K	−32.5% Reduced
AMTAmerican Tower	0.75%	$7.0m	32.3K	−11.2% Reduced
ADBEAdobe Inc.	0.72%	$6.7m	11.2K	+288.8% Added
BKNGBooking Holdings	0.60%	$5.5m	3.1K	+684.3% Added
ADIAnalog Devices	0.55%	$5.1m	25.9K	−19.5% Reduced
TSLATesla, Inc.	0.55%	$5.1m	20.5K	−5.4% Reduced
PEPPepsiCo	0.54%	$5.0m	29.6K	−10.4% Reduced
KLACKLA Corporation	0.49%	$4.6m	7.8K	−18.0% Reduced
MCDMcDonald's	0.48%	$4.5m	15.2K	−27.1% Reduced
RBARB Global Inc.	0.48%	$4.5m	67.0K	−17.8% Reduced
SPGIS&P Global	0.48%	$4.5m	10.1K	−2.3% Reduced
CMCSAComcast	0.48%	$4.4m	101.2K	+1.5% Added
GMGeneral Motors	0.47%	$4.4m	122.1K	−28.5% Reduced
TJXTJX Companies	0.47%	$4.4m	46.8K	−3.2% Reduced
CCJCameco Corp	0.46%	$4.3m	100.1K	−30.5% Reduced
LLYLilly (Eli)	0.45%	$4.2m	7.1K	−19.8% Reduced
CSCOCisco	0.43%	$4.0m	80.0K	−6.4% Reduced
JPMJPMorgan Chase	0.43%	$4.0m	23.6K	−24.4% Reduced
DELLDell Technologies	0.43%	$4.0m	52.5K	+120.0% Added
VVisa Inc.	0.43%	$4.0m	15.2K	+7.0% Added
NFLXNetflix	0.42%	$4.0m	8.1K	−89.4% Reduced
COSTCostco	0.42%	$3.9m	5.9K	−18.4% Reduced
DECKDeckers Brands	0.40%	$3.8m	5.6K	−15.0% Reduced
GEGE Aerospace	0.40%	$3.8m	29.5K	+4.8% Added
ACGLArch Capital Group	0.39%	$3.6m	48.5K	−21.8% Reduced
TAT&T	0.39%	$3.6m	214.3K	−5.3% Reduced
CVSCVS Health	0.37%	$3.4m	43.7K	−8.4% Reduced
CCitigroup	0.37%	$3.4m	66.9K	−15.0% Reduced
NEENextEra Energy	0.35%	$3.3m	54.2K	+232.6% Added
EMREmerson Electric	0.35%	$3.3m	33.8K	−58.2% Reduced
MRKMerck & Co.	0.35%	$3.2m	29.8K	−15.9% Reduced
CRHCRH plc	0.34%	$3.2m	46.3K	−52.6% Reduced
PGProcter & Gamble	0.34%	$3.2m	21.8K	−19.1% Reduced
UNHUnitedHealth Group	0.34%	$3.1m	6.0K	−8.7% Reduced
CICigna	0.33%	$3.0m	10.1K	−31.1% Reduced
MCKMcKesson	0.32%	$3.0m	6.5K	+357.0% Added
ORLYO'Reilly Automotive	0.32%	$3.0m	3.1K	−43.1% Reduced
HSYThe Hershey Company	0.32%	$3.0m	15.9K	−89.5% Reduced
PGRProgressive Corporation	0.32%	$3.0m	18.6K	−26.9% Reduced
KMIKinder Morgan	0.31%	$2.9m	164.3K	+6.1% Added
TGTTarget Corporation	0.31%	$2.9m	20.3K	−4.1% Reduced
FIVEFive Below, Inc	0.30%	$2.8m	13.1K	New
JNJJohnson & Johnson	0.30%	$2.8m	17.6K	−25.8% Reduced
LENLennar	0.30%	$2.8m	18.6K	−6.7% Reduced
BLDRBuilders Firstsource, Inc.	0.30%	$2.8m	16.5K	+1.9% Added
AIGAmerican International Group	0.29%	$2.7m	40.0K	−9.4% Reduced
KHCKraft Heinz	0.29%	$2.7m	73.1K	+7.2% Added
AMATApplied Materials	0.29%	$2.7m	16.5K	−4.8% Reduced
GPNGlobal Payments	0.28%	$2.7m	20.9K	+191.3% Added
CDNSCadence Design Systems Inc	0.28%	$2.7m	9.7K	−7.0% Reduced
PHMPulteGroup	0.28%	$2.6m	25.2K	−2.3% Reduced
FNVFranco Nevada Corp	0.27%	$2.5m	22.8K	New
FISFidelity National Information Services	0.27%	$2.5m	41.7K	+249.6% Added
BSXBoston Scientific	0.27%	$2.5m	42.9K	+1.1% Added
VRTXVertex Pharmaceuticals	0.26%	$2.5m	6.0K	−6.1% Reduced
ITWIllinois Tool Works	0.26%	$2.4m	9.3K	−12.0% Reduced
VTRSViatris	0.26%	$2.4m	224.5K	+28.0% Added
TMUST-Mobile US	0.26%	$2.4m	15.2K	+5.6% Added
BENFranklin Resources	0.26%	$2.4m	80.9K	+78.4% Added
NWSANews Corp (Class A)	0.26%	$2.4m	96.9K	+1732.4% Added
CMGChipotle Mexican Grill	0.25%	$2.3m	1.0K	−8.7% Reduced
QSRRestaurant Brands International Inc.	0.25%	$2.3m	29.4K	New
GILDGilead Sciences	0.24%	$2.3m	28.1K	−0.3%
BHPBHP Group Ltd	0.24%	$2.2m	32.9K	New
ABBVAbbVie	0.24%	$2.2m	14.5K	+1.3% Added
FDXFedEx	0.24%	$2.2m	8.8K	−42.6% Reduced
SWKStanley Black & Decker	0.24%	$2.2m	22.6K	+3.2% Added
LRCXLam Research	0.24%	$2.2m	2.8K	−10.4% Reduced
ZZillow Group, Inc.	0.24%	$2.2m	38.2K	+1.1% Added
ANETArista Networks	0.23%	$2.2m	9.3K	+164.3% Added
TAPMolson Coors Beverage Co	0.23%	$2.2m	35.5K	+1.9% Added
PLDPrologis	0.23%	$2.1m	16.1K	+255.0% Added
CORCencora	0.23%	$2.1m	10.4K	+1008.0% Added
CVXChevron Corporation	0.23%	$2.1m	14.2K	−24.8% Reduced
FISVFiserv	0.22%	$2.1m	15.7K	+1.1% Added
HPEHewlett Packard Enterprise	0.22%	$2.1m	122.1K	−40.3% Reduced
BDXBecton Dickinson	0.22%	$2.1m	8.5K	+3.7% Added
EGEverest Group	0.22%	$2.1m	5.9K	+3.7% Added
WTWWillis Towers Watson	0.22%	$2.1m	8.6K	−11.0% Reduced
CMECME Group	0.22%	$2.1m	9.8K	+169.3% Added
ZBHZimmer Biomet	0.22%	$2.0m	16.8K	+1.1% Added
OCOwens Corning	0.22%	$2.0m	13.7K	+1.1% Added
GWWW. W. Grainger	0.22%	$2.0m	2.4K	−44.6% Reduced
PCARPaccar	0.21%	$2.0m	20.4K	−47.0% Reduced
MGMMGM Resorts	0.21%	$2.0m	43.7K	+1.1% Added
LIILennox International	0.21%	$1.9m	4.3K	+1.0% Added
JAZZJazz Pharmaceuticals plc	0.21%	$1.9m	15.8K	New
AERAercap Holdings N.V.	0.21%	$1.9m	26.0K	+281.4% Added
PDDPDD Holdings Inc.	0.21%	$1.9m	13.2K	−5.0% Reduced
CAHCardinal Health	0.21%	$1.9m	19.1K	−20.2% Reduced
KNXKnight-swift Transportation Holdings Inc.	0.21%	$1.9m	33.4K	+1.1% Added
MDTMedtronic	0.21%	$1.9m	23.2K	−4.3% Reduced
OTISOtis Worldwide	0.20%	$1.9m	21.2K	+0.2%
ELVElevance Health	0.20%	$1.8m	3.9K	+1.1% Added
HDThe Home Depot	0.20%	$1.8m	5.3K	−18.7% Reduced
VRTVertiv	0.20%	$1.8m	37.9K	New
HCAHCA Healthcare	0.19%	$1.8m	6.7K	−1.2% Reduced
CBChubb Limited	0.19%	$1.8m	7.9K	+6.7% Added
SJMThe J.M. Smucker Company	0.19%	$1.8m	14.1K	+1.1% Added
EXPDExpeditors International	0.19%	$1.8m	13.8K	−5.8% Reduced
HWMHowmet Aerospace	0.19%	$1.7m	32.3K	−74.0% Reduced
LEALear Corp	0.18%	$1.7m	12.0K	+5.1% Added
HSTHost Hotels & Resorts	0.18%	$1.7m	86.7K	+4362.1% Added
BWABorgwarner Inc	0.18%	$1.7m	46.9K	+1.1% Added
BMYBristol Myers Squibb	0.18%	$1.7m	32.6K	+0.5%
OMCOmnicom Group	0.18%	$1.7m	19.2K	−14.6% Reduced
MDLZMondelez International	0.18%	$1.7m	22.9K	−12.2% Reduced
FNFFidelity National Financial, Inc.	0.18%	$1.6m	32.3K	+50.6% Added
JCIJohnson Controls	0.17%	$1.6m	28.2K	−19.3% Reduced
KOThe Coca-Cola Company	0.17%	$1.6m	27.3K	−11.8% Reduced
UTHRUnited Therapeutics Corp	0.17%	$1.6m	7.2K	−2.0% Reduced
AFLAflac	0.17%	$1.6m	18.8K	−23.0% Reduced
ACNAccenture	0.17%	$1.6m	4.4K	−54.2% Reduced
WPMWheaton Precious Metals Corp.	0.17%	$1.6m	31.4K	−63.7% Reduced
CNCCentene Corporation	0.17%	$1.5m	20.8K	+1.1% Added
MANHManhattan Associates Inc	0.16%	$1.5m	7.0K	−11.6% Reduced
MRSHMarsh McLennan	0.16%	$1.5m	8.0K	+2.2% Added
FICOFair Isaac	0.16%	$1.5m	1.3K	+2.1% Added
BNYBNY Mellon	0.16%	$1.5m	28.5K	+1.1% Added
BACBank of America	0.16%	$1.5m	43.3K	−18.7% Reduced
AMEAmetek	0.15%	$1.4m	8.8K	+1.2% Added
AMDAdvanced Micro Devices	0.15%	$1.4m	9.7K	−63.8% Reduced
EXCExelon	0.15%	$1.4m	39.5K	−13.7% Reduced
DISThe Walt Disney Company	0.15%	$1.4m	15.0K	−43.4% Reduced
HIGThe Hartford	0.14%	$1.3m	16.5K	−2.3% Reduced
TMOThermo Fisher Scientific	0.14%	$1.3m	2.5K	−24.7% Reduced
VRSKVerisk Analytics, Inc.	0.14%	$1.3m	5.3K	+5.4% Added
VRSNVerisign Inc	0.14%	$1.3m	6.1K	+1.1% Added
GISGeneral Mills	0.13%	$1.2m	19.0K	−9.3% Reduced
STTState Street Corporation	0.13%	$1.2m	15.8K	−7.2% Reduced
CHTRCharter Communications	0.13%	$1.2m	3.1K	+467.4% Added
VIPSVipshop Holdings Ltd	0.13%	$1.2m	67.7K	+9.1% Added
EBAYeBay Inc.	0.13%	$1.2m	27.2K	+1.1% Added
TDYTeledyne Technologies	0.12%	$1.1m	2.6K	−13.2% Reduced
NVRNVR, Inc.	0.12%	$1.1m	162	−0.6% Reduced
MKLMarkel Group Inc.	0.12%	$1.1m	777	+4.0% Added
INTCIntel	0.12%	$1.1m	21.7K	−12.8% Reduced
LINLinde plc	0.12%	$1.1m	2.6K	−3.0% Reduced

Company	Bought (value)	Shares
ADBEAdobe Inc.	$5.0m	8.3K
BKNGBooking Holdings	$4.8m	2.7K
FIVEFive Below, Inc	$2.8m	13.1K
FNVFranco Nevada Corp	$2.5m	22.8K
MCKMcKesson	$2.3m	5.1K
NEENextEra Energy	$2.3m	37.9K
QSRRestaurant Brands International Inc.	$2.3m	29.4K
NWSANews Corp (Class A)	$2.2m	91.6K
BHPBHP Group Ltd	$2.2m	32.9K
MAMastercard	$2.2m	5.3K
DELLDell Technologies	$2.2m	28.6K
CORCencora	$1.9m	9.5K
JAZZJazz Pharmaceuticals plc	$1.9m	15.8K
VRTVertiv	$1.8m	37.9K
FISFidelity National Information Services	$1.8m	29.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
AAPLApple Inc.	−$38.2m	−198.4K
NFLXNetflix	−$33.5m	−68.8K
HSYThe Hershey Company	−$25.3m	−135.8K
METAMeta Platforms	−$21.9m	−61.9K
MSFTMicrosoft Corporation	−$10.9m	−29.1K
HWMHowmet Aerospace	−$5.0m	−91.8K
EMREmerson Electric	−$4.6m	−47.1K
AMZNAmazon	−$4.5m	−29.9K
SNPSSynopsys Inc	−$4.1m	−7.9K
CRHCRH plc	−$3.6m	−51.4K
ABTAbbott Laboratories	−$3.5m	−31.6K
LULULululemon Athletica	−$3.5m	−6.8K
WPMWheaton Precious Metals Corp.	−$2.7m	−55.2K
APOApollo Global Management	−$2.7m	−29.0K
WFGWest Fraser Timber Co., LTD	−$2.6m	−35.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WFGWest Fraser Timber Co., LTD	$2.6m	35.6K
LBTYKLiberty Global Ltd.	$2.0m	106.3K
LMTLockheed Martin	$385,240	942
CVECenovus Energy Inc.	$358,499	17.1K
JJacobs Solutions	$352,853	2.6K
XRAYDentsply Sirona Inc.	$313,486	9.2K
DUKDuke Energy	$282,609	3.2K
NRGNRG Energy	$257,583	6.7K
DTEDTE Energy	$226,259	2.3K
OHIOmega Healthcare Investors Inc	$180,954	5.5K
AEEAmeren	$170,762	2.3K
LHXL3Harris	$169,427	973
BAHBooz Allen Hamilton Holding Corp	$166,242	1.5K
NXPINXP Semiconductors	$131,941	660
ALGNAlign Technology	$104,096	341
XELXcel Energy	$59,280	1.0K
GTMZoominfo Technologies Inc.	$56,301	3.4K
HRHealthcare Realty Trust Inc	$52,834	3.5K
GNRCGenerac	$46,395	426
FHNFirst Horizon Corp	$45,896	4.2K
STSensata Technologies Holding plc	$43,753	1.2K
EMEEmcor	$28,474	135
MNSOMiniso Group Holding Ltd	$26,548	1.0K
CLVTClarivate PLC	$21,767	3.2K
SLFSUN Life Financial Inc	$11,960	244
PGNYProgyny, Inc.	$10,546	310
PNRPentair	$10,227	158
FEFirstEnergy	$7,898	231
BEBloom Energy	$7,837	591
IVZInvesco	$7,812	538

Technology28.3%
Industrials13.5%
Health Care13.4%
Consumer Discretionary12.1%
Financials11.6%
Communication Services7.2%
Consumer Staples5.5%
Real Estate2.5%
Materials2.5%
Energy2.2%
Utilities1.3%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 4, 2022 to May 10, 2024	+11.0%	+8.4%	0.45	0.31	−17.9%	0.97
Last yearMay 12, 2023 to May 10, 2024	+29.5%	+28.5%	1.63	1.64	−9.6%	1.03

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.