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
VEEVA SYSTEMS INC922475108 · VEEV	Common Stock	$115,707	601
VENTAS INC92276F100 · VTR	Common Stock	$61,801	1,240
VERALTO CORP92338C103 · VLTO	Common Stock	$125,029	1,520
VERISIGN INC92343E102 · VRSN	Common Stock	$1.3m	6,129
VERISK ANALYTICS INC92345Y106 · VRSK	Common Stock	$1.3m	5,327
VERIZON COMMUNICATIONS INC92343V104 · VZ	Common Stock	$895,078	23,745
VERTEX PHARMACEUTICALS INC92532F100 · VRTX	Common Stock	$2.5m	6,036
VERTIV HOLDINGS LLC92537N108 · VRT	COM USD	$1.8m	37,917
VF CORP918204108 · VFC	Common Stock	$6,501	346
ViacomCBS Inc92556H206	Common Stock	$49,191	3,326
VIATRIS INC92556V106 · VTRS	Common Stock	$2.4m	224,466
VICI PROPERTIES INC.925652109 · VICI	Common Stock	$193,767	6,079
VIPSHOP HOLDINGS LIMITED92763W103 · VIPS	Common Stock	$1.2m	67,731
VISA INC A92826C839 · V	Common Stock	$4.0m	15,213
VITESSE ENERGY INC92852X103 · VTS	Common Stock	$1,115	51
VULCAN MATERIALS CO929160109 · VMC	Common Stock	$924,836	4,075
W.W. GRAINGER INC384802104 · GWW	Common Stock	$2.0m	2,419
WABTEC929740108 · WAB	Common Stock	$187,685	1,479
WALGREENS BOOTS ALLIANCE INC.931427108	Common Stock	$623,006	23,857
WALMART INC.931142103 · WMT	Common Stock	$609,474	3,866
WALT DISNEY CO254687106 · DIS	Common Stock	$1.4m	15,027
WARNER BROS DISCOVERY INC.934423104	Common Stock	$150,592	13,228
WASTE CONNECTIONS INC US94106B101 · WCN	Common Stock	$209,497	1,403
WASTE MANAGEMENT INC94106L109 · WM	Common Stock	$208,479	1,164
WATERS CORP941848103 · WAT	Common Stock	$21,393	65
WATSCO INC.942622200 · WSO	Common Stock	$105,480	246
WELLS FARGO & CO949746101 · WFC	COMMON	$198,800	4,039
WELLTOWER INC95040Q104 · WELL	Common Stock	$194,316	2,155
WEST PHARMACEUTICAL SERVICES INC955306105 · WST	Common Stock	$166,201	472
WESTERN DIGITAL CORP958102105 · WDC	Common Stock	$754,965	14,416
WESTLAKE CORPORATION960413102 · WLK	Common Stock	$16,095	115
WESTROCK CO96145D105	Common Stock	$7,136	172
WEYERHAEUSER CO962166104 · WY	Common Stock	$20,514	590
WHEATON PRECIOUS METALS CORP US962879102 · WPM	Common Stock	$1.6m	31,425
WILLIAMS SONOMA INC969904101 · WSM	Common Stock	$27,845	138
WILLIS TOWERS WATSON PLCG96629103 · WTW	Common Stock	$2.1m	8,584
WIX.COM LTD92940WAD1	Common Stock	$56,220	457
WORKDAY, INC.98138H101 · WDAY	Common Stock	$209,801	760
WP CAREY INC92936U109 · WPC	Common Stock	$66,559	1,027
WR BERKLEY CORP084423102 · WRB	Common Stock	$133,519	1,888
WYNN RESORTS LTD983134107 · WYNN	Common Stock	$118,259	1,298
XYLEM INC98419M100 · XYL	Common Stock	$103,842	908
YANDEX N.V.N97284108 · NBIS	CLASS A	$29,395	1,552
YUM CHINA HOLDINGS INC98850P109 · YUMC	Common Stock	$693,475	16,344
YUM! BRANDS INC988498101 · YUM	Common Stock	$218,962	1,676
ZEBRA TECHNOLOGIES CORP989207105 · ZBRA	Common Stock	$54,121	198
ZILLOW GROUP INC98954M101 · Z	Common Stock	$2.2m	38,154
ZIMMER BIOMET HOLDINGS INC98956P102 · ZBH	Common Stock	$2.0m	16,823
ZOETIS INC98978V103 · ZTS	Common Stock	$16.3m	82,703
ZOOM VIDEO COMMUNICATIONS, INC.98980L101 · ZM	Common Stock	$101,033	1,405
ZSCALER98980G102 · ZS	Common Stock	$71,563	323
ZTO EXPRESS (CAYMAN) INC.98980A105 · ZTO	Common Stock	$518,295	24,356
3M CO88579Y101 · MMM	Common Stock	$355,054	3,248
A.O. SMITH CORP831865209 · AOS	Common Stock	$131,656	1,597
ABBOTT LABORATORIES002824100 · ABT	Common Stock	$7.2m	65,445
ABBVIE INC.00287Y109 · ABBV	Common Stock	$2.2m	14,469
ACCENTURE PLC AG1151C101 · ACN	Common Stock	$1.6m	4,419
ADOBE INC.00724F101 · ADBE	Common Stock	$6.7m	11,218
ADVANCED MICRO DEVICES007903107 · AMD	Common Stock	$1.4m	9,661
AECOM EQUITY US00766T100 · ACM	Common Stock	$92,522	1,001
AERCAP HOLDINGS NVN00985106 · AER	Common Stock	$1.9m	25,957
AES CORP00130H105 · AES	Common Stock	$1,597	83
AFLAC INC001055102 · AFL	Common Stock	$1.6m	18,838
AGILENT TECHNOLOGIES INC00846U101 · A	Common Stock	$319,067	2,295
AIR PRODUCTS & CHEMICALS INC009158106 · APD	Common Stock	$204,802	748
AIRBNB INC009066101 · ABNB	Common Stock	$333,029	2,446
AKAMAI TECHNOLOGIES INC00971T101 · AKAM	Common Stock	$238,120	2,012
ALBEMARLE CORP012653101 · ALB	Common Stock	$138,823	961
ALBERTSONS COS INC.013091103 · ACI	Common Stock	$24,254	1,055
ALEXANDRIA REAL ESTATE EQTY015271109 · ARE	Common Stock	$131,466	1,037
ALIGN TECHNOLOGY INC002679204	Common Stock	$94,537	345
ALLEGION PLCG0176J109 · ALLE	Common Stock	$9,374	74
ALLSTATE CORP020002101 · ALL	Common Stock	$191,675	1,369
ALLY FINANCIAL INC.02005N100 · ALLY	Common Stock	$26,182	750
ALNYLAM PHARMACEUTICALS02043Q107 · ALNY	Common Stock	$88,812	464
ALPHABET INC A02079K305 · GOOGL	Common Stock	$9.3m	66,399
ALPHABET INC C02079K107	Common Stock	$7.1m	50,333
AMAZON.COM INC.023135106 · AMZN	Common Stock	$13.8m	90,727
AMCOR PLCG0250X107	Common Stock	$183,921	19,079
AMERICAN EXPRESS CO025816109 · AXP	Common Stock	$597,989	3,192
AMERICAN FINANCIAL GROUP INC025932104 · AFG	Common Stock	$114,537	963
AMERICAN HOMES 4 RENT A02665T306 · AMH	Common Stock	$151,643	4,217
AMERICAN INTL GROUP INC026874784 · AIG	Common Stock	$2.7m	40,022
AMERICAN TOWER CORP A03027X100 · AMT	Common Stock	$7.0m	32,282
AMERICAN WATER WORKS CO INC030420103 · AWK	Common Stock	$514,100	3,895
AMERIPRISE FINANCIAL INC03076C106 · AMP	Common Stock	$239,301	630
AMETEK INC031100100 · AME	Common Stock	$1.4m	8,753
AMGEN INC031162100 · AMGN	Common Stock	$828,633	2,877
AMPHENOL CORP A032095101 · APH	Common Stock	$178,063	1,796
ANALOG DEVICES INC032654105 · ADI	Common Stock	$5.1m	25,867
ANNALY CAPITAL MANAGEMENT INC.035710839 · NLY	Common Stock	$27,602	1,425
ANSYS INC03662Q105	Common Stock	$136,078	375
AON PLCG0403H108 · AON	Common Stock	$464,708	1,597
APA CORPORATION03743Q108 · APA	Common Stock	$4,663	130
APOLLO GLOBAL MGMT A03769M106 · APO	Common Stock	$263,885	2,832
APPLE INC.037833100 · AAPL	Common Stock	$34.0m	176,620
APPLIED MATERIALS INC038222105 · AMAT	Common Stock	$2.7m	16,487
APTIV PLCG6095L109	Common Stock	$127,492	1,421
ARCH CAPITAL GROUP LTDG0450A105 · ACGL	Common Stock	$3.6m	48,515
ARCHER-DANIELS-MIDLAND CO039483102 · ADM	Common Stock	$23,977	332

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.