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
ROPER TECHNOLOGIES INC776696106 · ROP	Common Stock	$487,927	895
ROSS STORES INC778296103 · ROST	Common Stock	$278,579	2,013
ROYAL BANK CDA780087102 · RY	COMMON	$120,322	1,184
ROYAL CARIBBEAN GROUPV7780T103 · RCL	Common Stock	$139,056	1,074
ROYALTY PHARMA PLC-CL AG7709Q104 · RPRX	Common Stock	$63,651	2,266
S & P GLOBAL INC.78409V104 · SPGI	Common Stock	$4.5m	10,112
SALESFORCE INC.79466L302 · CRM	Common Stock	$7.5m	28,620
SBA COMMUNICATIONS CORP78410G104 · SBAC	Common Stock	$68,494	270
SCHLUMBERGER LTD806857108 · SLB	Common Stock	$874,556	16,807
SEA LTD-ADR81141R100 · SE	Common Stock	$115,830	2,860
SEAGATE TECHNOLOGYG7997R103 · STX	Common Stock	$26,041	305
SEI INVESTMENTS CO784117103 · SEIC	Common Stock	$193,827	3,050
SEMPRA816851109 · SRE	Common Stock	$724,332	9,691
SERVICENOW INC.81762P102 · NOW	Common Stock	$810,590	1,147
SHERWIN-WILLIAMS CO824348106 · SHW	Common Stock	$564,949	1,811
SHOALS TECHNOLOGIES GROUP82489W107 · SHLS	Common Stock	$11,592	746
SIMON PROPERTY GROUP A828806109 · SPG	Common Stock	$187,422	1,314
SIRIUS XM HOLDINGS INC.82968B103 · SIRI	Common Stock	$59,962	10,953
SKYWORKS SOLUTIONS INC83088M102 · SWKS	Common Stock	$853,392	7,592
SNAP INC - A83307B101 · SNDL	Common Stock	$229,009	13,523
SNAP ON INC833034101 · SNA	Common Stock	$324,378	1,123
SNOWFLAKE INC CLASS A833445109 · SNOW	Common Stock	$387,585	1,948
SOLAREDGE TECHNOLOGIES INC83417M104 · SEDG	Common Stock	$10,389	111
SOUTHERN COPPER CORP COM84265V105 · SCCO	Common Stock	$83,918	975
SOUTHWEST AIRLINES CO844741108 · LUV	Common Stock	$4,503	156
SPDR - CONS DISCRETIONARY81369Y407	Exchange Traded Fund Share	$459,926	2,571
SPDR GOLD SHARES78463V107	Exchange Traded Fund Share	$6.5m	33,862
SPDR S&P 500 ETF TR UNIT SER 1 S&P78462F103	Exchange Traded Fund Share	$1.1m	2,293
SPECTRUM BRANDS HOLDINGS INC84790A105 · SPB	Common Stock	$797	10
SPLUNK INC.848637104	Common Stock	$62,311	409
SQUARE INC.852234103 · XYZ	Common Stock	$225,847	2,920
SS C TECHNOLOGIES HOLDINGS78467J100 · SSNC	Common Stock	$769,008	12,584
STANLEY BLACK & DECKER854502101 · SWK	Common Stock	$2.2m	22,582
STARBUCKS CORP855244109 · SBUX	Common Stock	$552,537	5,755
STATE STREET CORP857477103 · STT	Common Stock	$1.2m	15,814
STEEL DYNAMICS INC858119100 · STLD	Common Stock	$13,935	118
STERIS PLCG8473T100 · STE	Common Stock	$39,350	179
STRYKER CORP863667101 · SYK	Common Stock	$544,929	1,819
SUN COMMUNITIES INC866674104 · SUI	Common Stock	$122,926	920
SUNCOR ENERGY INC867224107 · SU	COMMON	$157,908	4,905
SUPER MICRO COMPUTER86800U104	Common Stock	$88,687	312
SYNCHRONY FINANCIAL87165B103 · SYF	Common Stock	$49,908	1,307
SYNOPSYS INC871607107 · SNPS	Common Stock	$512,735	996
SYSCO CORP871829107 · SYY	Common Stock	$659,666	9,021
T ROWE PRICE GROUP INC74144T108 · TROW	Common Stock	$196,534	1,825
TAIWAN SEMICONDUCTO874039100 · TSM	R SP ADR	$886,080	8,520
TAKE-TWO INTERACTIVE SOFTWARE874054109 · TTWO	Common Stock	$310,803	1,931
TAL EDUCATION GROUP874080104 · TAL	Common Stock	$56,102	4,442
TARGA RESOURCES CORP87612G101 · TRGP	Common Stock	$161,395	1,858
TARGET CORP87612E106 · TGT	Common Stock	$2.9m	20,321
TE CONNECTIVITY LTD.H84989104 · TEL	Common Stock	$1.0m	7,321
TECK RESOURCES LTD878742204	CLASS B	$197,008	4,638
TELEDYNE TECHNOLOGIES INC879360105 · TDY	Common Stock	$1.1m	2,559
TELEFLEX INC879369106 · TFX	Common Stock	$47,128	189
TENCENT MUSIC ENTERTAINMENT GROUP88034P109 · TME	Common Stock	$427,794	47,480
TERADYNE INC880770102 · TER	Common Stock	$204,566	1,885
TESLA INC88160R101 · TSLA	Common Stock	$5.1m	20,479
TEVA PHARMACEUTICAL-SP ADR881624209 · TEVA	Common Stock	$84,804	8,123
TEXAS INSTRUMENTS INC882508104 · TXN	Common Stock	$646,178	3,791
TEXAS PACIFIC LAND CORP88262P102 · TPL	Common Stock	$128,886	82
THE BANK OF NEW YORK MELLON CORP064058100 · BNY	Common Stock	$1.5m	28,494
THE KRAFT HEINZ COMPANY500754106 · KHC	Common Stock	$2.7m	73,123
THE TRADE DESK INC.88339J105 · TTD	Common Stock	$200,107	2,781
THE WILLIAMS COMPANIES INC969457100 · WMB	Common Stock	$567,520	16,294
THERMO FISHER SCIENTIFIC883556102 · TMO	Common Stock	$1.3m	2,453
TJX COS INC872540109 · TJX	Common Stock	$4.4m	46,754
T-MOBILE US INC.872590104 · TMUS	Common Stock	$2.4m	15,160
TOAST INC888787108 · TOST	Common Stock	$52,388	2,869
TORO CO THE891092108 · TTC	Common Stock	$27,261	284
TRACTOR SUPPLY CO892356106 · TSCO	Common Stock	$268,787	1,250
TRADEWEB MARKETS A892672106	Common Stock	$109,697	1,207
TRANE TECHNOLOGIESG8994E103 · TT	Common Stock	$562,954	2,308
TRANSDIGM GROUP893641100 · TDG	Common Stock	$530,078	524
TRANSUNION89400J107 · TRU	Common Stock	$86,093	1,253
TRAVELERS COS INC89417E109 · TRV	Common Stock	$490,141	2,573
TREX CO INC89531P105 · TREX	Common Stock	$27,983	338
TRIMBLE INC896239100 · TRMB	Common Stock	$13,353	251
TRIP COM GROUP LTD89677Q107 · TCOM	SPN ADS	$462,440	12,842
Truist Financial Corp89832Q109 · TFC	Common Stock	$254,120	6,883
TWILIO INC A90138F102 · TWLO	Common Stock	$111,886	1,475
TYLER TECHNOLOGIES INC902252105 · TYL	Common Stock	$97,400	233
TYSON FOODS INC A902494103 · TSN	Common Stock	$258,248	4,805
UBER TECHNOLOGIES90353T100 · UBER	Common Stock	$575,310	9,344
UDR INC902653104 · UDR	Common Stock	$83,756	2,188
U-Haul Holding Co023586506	Common Stock	$62,128	882
UIPATH A90364P105 · PATH	Common Stock	$11,943	481
ULTA BEAUTY, INC90384S303 · ULTA	Common Stock	$93,093	190
UNION PACIFIC CORP907818108 · UNP	Common Stock	$736,932	3,000
UNITED PARCEL SERVICE INC B911312106 · UPS	Common Stock	$591,514	3,762
UNITED RENTALS INC911363109 · URI	Common Stock	$239,684	418
UNITED THERAPEUTICS CORP91307C102 · UTHR	Common Stock	$1.6m	7,165
UNITEDHEALTH GROUP INC91324P102 · UNH	Common Stock	$3.1m	5,961
UNITY SOFTWARE INC91332U101 · U	Common Stock	$54,500	1,333
UNTD MICROELEC NEW910873405 · UMC	ADR (5	$284,933	33,680
US BANCORP902973304 · USB	Common Stock	$331,092	7,650
UTILITIES SELECT SECTOR SPDR FUND81369Y886	Exchange Traded Fund Share	$289,319	4,567
VAIL RESORTS91879Q109 · MTN	Common Stock	$35,635	167
VALERO ENERGY CORP91913Y100 · VLO	Common Stock	$164,708	1,267
VANECK VECTORS GOLD MINERS ETF92189F106	Exchange Traded Fund Share	$63.2m	2,038,166
VANGUARD RUSSELL 2000 ETF92206C664	Exchange Traded Fund Share	$3.0m	36,616

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.