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
ARES MANAGEMENT CORP03990B101 · ARES	Common Stock	$209,282	1,760
ARISTA NETWORKS INC040413106 · ANET	Common Stock	$2.2m	9,281
ARROW ELECTRONICS INC042735100 · ARW	Common Stock	$151,223	1,237
ARTHUR J. GALLAGHER & CO363576109 · AJG	Common Stock	$486,156	2,162
ASE TECHNOLOGY HOLD00215W100 · ASX	I SPON AD	$270,152	28,709
ASML HOLDINGN07059210 · ASML	Common Stock	$28,006	37
ASPEN TECHNOLOGY INC29109X106	Common Stock	$28,171	128
ASSURANT INC04621X108 · AIZ	Common Stock	$11,792	70
AT&T INC00206R102 · T	Common Stock	$3.6m	214,311
ATLASSIAN CORPORATION PLC049468101 · TEAM	Common Stock	$154,799	651
ATMOS ENERGY CORP049560105 · ATO	Common Stock	$293,111	2,529
AUTODESK INC052769106 · ADSK	Common Stock	$117,113	481
AUTOHOME INC05278C107 · ATHM	Common Stock	$36,141	1,288
AUTOMATIC DATA PROCESSING053015103 · ADP	Common Stock	$521,609	2,239
AUTOZONE INC053332102 · AZO	Common Stock	$307,571	119
AVALONBAY COMMUNITIES INC053484101	Common Stock	$100,717	538
AVANTOR05352A100 · AVTR	Common Stock	$26,094	1,143
AVERY DENNISON CORP053611109 · AVY	Common Stock	$229,654	1,136
AXON ENTERPRISE INC05464C101 · AXON	Common Stock	$112,634	436
BAKER HUGHES COMPANY05722G100 · BKR	Common Stock	$17,876	523
BALL CORP058498106 · BALL	Common Stock	$213,686	3,715
BANK OF AMERICA CORP060505104 · BAC	Common Stock	$1.5m	43,317
BANK OF MONTREAL063671101 · BMO	COMMON	$174,402	1,754
Bath & Body Works Inc070830104 · BBWI	Common Stock	$28,299	656
BAXTER INTL INC071813109 · BAX	Common Stock	$53,423	1,382
BCE INC05534B760 · BCE	COMMON	$57,013	1,441
BECTON DICKINSON & CO075887109 · BDX	Common Stock	$2.1m	8,501
BENTLEY SYSTEMS B08265T208 · BSY	Common Stock	$48,784	935
HUNTINGTON BANCSHARES (OH)446150104 · HBAN	Common Stock	$66,576	5,234
HYATT HOTELS A448579102 · H	Common Stock	$16,953	130
ICICI BK LTD45104G104	ADR (2	$1.3m	54,110
IDEX CORP45167R104 · IEX	Common Stock	$84,238	388
IDEXX LABORATORIES INC45168D104 · IDXX	Common Stock	$90,473	163
ILLINOIS TOOL WORKS INC452308109 · ITW	Common Stock	$2.4m	9,292
ILLUMINA INC452327109 · ILMN	Common Stock	$92,727	666
IMPERIAL OIL LTD453038408 · IMO	COMMON	$115,687	2,021
INCYTE CORP45337C102 · INCY	Common Stock	$41,818	666
INFOSYS LIMITED456788108	ADR	$14,300	778
INGERSOLL RAND INC.45687V106 · IR	Common Stock	$209,295	2,706
INSULET CORPORATION45784P101 · PODD	Common Stock	$52,065	240
INTEL CORP458140100 · INTC	Common Stock	$1.1m	21,743
INTERCONTINENTAL EXCHANGE INC45866F104 · ICE	Common Stock	$696,971	5,427
INTERPUBLIC GROUP COS460690100	Common Stock	$89,848	2,753
INTL BUSINESS MACHINES CORP459200101 · IBM	Common Stock	$644,443	3,940
INTL FLAVORS & FRAGRANCES459506101 · IFF	Common Stock	$12,307	152
INTL PAPER CO460146103 · IP	Common Stock	$6,866	190
INTUIT INC461202103 · INTU	Common Stock	$738,274	1,181
INTUITIVE SURGICAL INC46120E602 · ISRG	Common Stock	$581,608	1,724
INVESCO QQQ TRUST SERIES 146090E103	Exchange Traded Fund Share	$10.0m	24,515
INVITATION HOMES46187W107 · INVH	Common Stock	$83,393	2,446
IQIYI, INC.46267X108 · IQ	Common Stock	$285,797	58,565
IQVIA HOLDINGS INC.46266C105 · IQV	Common Stock	$43,268	187
IRON MOUNTAIN INC46284V101 · IRM	Common Stock	$20,785	297
ISHARES46429B671	CHINA E	$1.4m	34,679
ISHARES CORE S&P 500 ETF464287200	Exchange Traded Fund Share	$42.9m	89,875
ISHARES ESG AWARE MSCI EAFE ETF46435G516	Exchange Traded Fund Share	$10.5m	138,712
ISHARES ESG AWARE MSCI USA46435G425	Exchange Traded Fund Share	$7.8m	74,140
ISHARES INC464286608	MSCI EU	$301,197	6,349
ISHARES MSCI EMERGING MARKETS EX CHINA ETF46434G764	Exchange Traded Fund Share	$33.5m	604,446
ISHARES MSCI ITALY ETF46434G830	Exchange Traded Fund Share	$535,143	15,772
ISHARES MSCI JAPAN ETF46434G822	Exchange Traded Fund Share	$406,199	6,333
ISHARES MSCI NETH. INVESTABLE M464286814	Exchange Traded Fund Share	$2.3m	51,782
ISHARES MSCI SWITZERLAND ETF464286749	Exchange Traded Fund Share	$3.6m	73,952
ISHARES RUSSELL 2000464287655	Exchange Traded Fund Share	$44.9m	223,700
ISHARES TR46435G334	MSCI UK	$71,256	2,156
ISHARES TR MSCI EMERG MKT464287234	Exchange Traded Fund Share	$837,655	20,832
J.B. HUNT TRANSPORT SERVICES44565810Y	Common Stock	$31,158	156
J.M. SMUCKER CO832696405 · SJM	Common Stock	$1.8m	14,066
JACK HENRY & ASSOCIATES INC.426281101 · JKHY	Common Stock	$67,628	414
JAZZ PHARMACEUTICALSG50871105 · JAZZ	Common Stock	$1.9m	15,793
JEFFERIES FINANCIAL GROUP INC47233W109 · JEF	Common Stock	$17,533	434
JOHNSON & JOHNSON478160104 · JNJ	Common Stock	$2.8m	17,650
JOHNSON CONTROLS INTERNATIONALG51502105 · JCI	Common Stock	$1.6m	28,192
JOYY INC46591M109 · JOYY	Common Stock	$832,191	20,962
JP MORGAN CHASE & CO46625H100 · JPM	Common Stock	$4.0m	23,648
JUNIPER NETWORKS INC48203R104	Common Stock	$11,021	374
KANZHUN A ADR48553T106 · BZ	Common Stock	$33,518	2,018
Kellanova487836108	Common Stock	$13,919	249
KENVUE49177J102 · KVUE	Common Stock	$283,163	13,155
KEURIG DR PEPPER49271V100 · KDP	Common Stock	$899,240	26,988
KEYCORP493267108 · KEY	Common Stock	$23,803	1,653
KEYSIGHT TECHNOLOGIES INC49338L103 · KEYS	Common Stock	$216,998	1,364
KIMBERLY-CLARK494368103 · KMB	Common Stock	$113,243	932
KIMCO REALTY CORP49446R109 · KIM	Common Stock	$71,605	3,362
KINDER MORGAN INC49456B101 · KMI	Common Stock	$2.9m	164,274
KKR & CO INC.48251W104 · KKR	Common Stock	$312,077	3,767
KLA CORPORATION482480100 · KLAC	Common Stock	$4.6m	7,848
KNIGHT-SWIFT TRANSPORTATION499049104 · KNX	Common Stock	$1.9m	33,361
KRANESHARES TR500767306	CSI CHI	$1.4m	50,425
KROGER CO501044101 · KR	Common Stock	$218,173	4,773
LAB CORP OF AMERICA HLDGS50540R409	Common Stock	$1.7m	7,587
LAM RESEARCH CORP512807108 · LRCX	Common Stock	$2.2m	2,819
LAMB WESTON HOLDINGS INC513272104 · LW	Common Stock	$122,577	1,134
LAS VEGAS SANDS517834107 · LVS	Common Stock	$112,630	2,289
LATTICE SEMICONDUCTOR518415104 · LSCC	Common Stock	$46,292	671
LEAR CORPORATION521865204 · LEA	Common Stock	$1.7m	11,996
LENNAR CORP A526057104 · LEN	Common Stock	$2.8m	18,564
LENNOX INTERNATIONAL INC526107107 · LII	Common Stock	$1.9m	4,346
LI AUTO INC50202M102 · LI	SPONSOR	$470,795	12,578
LIBERTY BROADBAND CORPORATION530307305	Common Stock	$116,353	1,444

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.