Institution

Ostrum Asset Management

13F for June 30, 2026, filed August 13, 2026 · SEC CIK 1767945 · Holdings history from December 31, 2018

Reported value: $2.1bn
Positions we cover: 538
Copy, a year: +11.6%
Copy Sharpe ratio: 0.51

Copy-performance statistics: February 15, 2019 to November 2, 2026. 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 Natixis Investment Managers International · SEC notice for December 31, 2020
Reports holdings for Natixis Investment Managers International · SEC notice for March 31, 2025

549 reported entries for June 30, 2026.

Issuer	Class / type	Reported value	Quantity
EVERSOURCE ENERGY30040W108 · ES	Common Stock	$2.7m	37,700
EXELON CORP30161N101 · EXC	Common Stock	$31.5m	676,350
EXPAND ENERGY CORPORATION165167735 · EXE	Common Stock	$252,414	2,768
EXPEDIA GROUP INC30212P303 · EXPE	Common Stock	$399,173	1,560
EXPEDITORS INTL WASH INC302130109 · EXPD	Common Stock	$701,955	4,307
EXTRA SPACE STORAGE INC30225T102 · EXR	Common Stock	$486,174	3,346
EXXON MOBIL CORP30231G102	Common Stock	$4.8m	35,371
F5 INC315616102 · FFIV	Common Stock	$385,179	926
FAIR ISAAC CORP303250104 · FICO	Common Stock	$494,639	414
FASTENAL CO311900104 · FAST	Common Stock	$756,857	15,758
FEDEX CORP31428X106 · FDX	Common Stock	$569,583	1,819
FEDEX FGHT HLDG CO INC314352105 · FDXF	Common Stock	$806,944	5,344
FERGUSON ENTERPRISES INC31488V107 · FERG	Common Stock	$590,952	2,490
FIDELITY NATL FINL INC31620R303 · FNF	Common Stock	$473,251	10,035
FIDELITY NATL INFORMATION SV31620M106 · FIS	Common Stock	$538,060	13,839
FIFTH THIRD BANCORP316773100 · FITB	Common Stock	$358,006	6,351
FIRST CTZNS BANCSHARES INC D31946M103 · FCNCA	Common Stock	$472,339	227
FIRST SOLAR INC336433107 · FSLR	Common Stock	$3.5m	15,002
FIRSTENERGY CORP337932107 · FE	Common Stock	$490,328	10,314
FISERV INC337738108 · FISV	Common Stock	$274,294	5,591
FLEX LTDY2573F102 · FLEX	Common Stock	$1.3m	8,232
FLOWSERVE CORP34354P105 · FLS	Common Stock	$1.9m	24,980
FLUTTER ENTMT PLCG3643J108 · FLUT	Common Stock	$391,413	3,831
FORD MTR CO345370860 · F	Common Stock	$406,269	29,228
FORTINET INC34959E109 · FTNT	Common Stock	$1.0m	6,655
GALLAGHER ARTHUR J & CO363576109 · AJG	Common Stock	$1.7m	7,204
GAMING & LEISURE P36467J108 · GLPI	Common Stock	$680,374	15,279
GAP INC364760108 · GAP	Common Stock	$854,236	45,730
GARMIN LTDH2906T109 · GRMN	Common Stock	$422,821	1,780
GE AEROSPACE369604301 · GE	Common Stock	$45.2m	120,951
GE HEALTHCARE TECHNOLOGIES I36266G107 · GEHC	Common Stock	$278,187	4,346
GE VERNOVA INC36828A101 · GEV	Common Stock	$4.4m	3,718
GEN DIGITAL INC668771108 · GEN	Common Stock	$358,366	14,398
GENERAC HLDGS INC368736104 · GNRC	Common Stock	$939,920	3,210
GENERAL DYNAMICS CORP369550108 · GD	Common Stock	$1.5m	4,305
GENERAL MILLS INC370334104 · GIS	Common Stock	$5.8m	167,749
GENERAL MTRS CO37045V100 · GM	Common Stock	$427,409	5,545
GENUINE PARTS CO372460105 · GPC	Common Stock	$588,484	4,988
GILEAD SCIENCES INC375558103 · GILD	Common Stock	$1.1m	8,670
GLOBAL PMTS INC37940X102 · GPN	Common Stock	$343,209	4,730
GOLDMAN SACHS GROUP INC38141G104 · GS	Common Stock	$450,060	445
GRACO INC384109104 · GGG	Common Stock	$328,979	4,351
HALLIBURTON CO406216101 · HAL	Common Stock	$242,301	7,137
HARTFORD INSURANCE GROUP INC416515104 · HIG	Common Stock	$743,570	5,611
HCA HEALTHCARE INC40412C101 · HCA	Common Stock	$725,585	1,861
HEICO CORP NEW422806109 · HEI	Common Stock	$583,083	1,637
HEICO CORP NEW422806208	Common Stock	$631,106	2,447
HERSHEY CO427866108 · HSY	Common Stock	$574,950	3,277
HEWLETT PACKARD ENTERPRISE C42824C109 · HPE	Common Stock	$316,041	7,006
HEXCEL CORP NEW428291108 · HXL	Common Stock	$630,878	6,305
HILTON WORLDWIDE HLDGS INC43300A203 · HLT	Common Stock	$2.2m	6,675
HOME DEPOT INC437076102 · HD	Common Stock	$5.1m	14,403
HONEYWELL AEROSPACE INC43849R105 · HONA	Common Stock	$278,561	1,260
HONEYWELL INTL INC438516205 · HON	Common Stock	$282,114	1,260
HOWMET AEROSPACE INC443201108 · HWM	Common Stock	$5.4m	19,904
HP INC40434L105 · HPQ	Common Stock	$746,443	34,022
HUBBELL INC443510607 · HUBB	Common Stock	$6.5m	12,355
HUDBAY MINERALS INC443628102 · HBM	Common Stock	$923,505	39,115
HUMANA INC444859102 · HUM	Common Stock	$1.0m	2,605
HUNT J B TRANS SVCS INC445658107 · JBHT	Common Stock	$395,940	1,368
HUNTINGTON BANCSHARES INC446150104 · HBAN	Common Stock	$1.1m	60,619
HYATT HOTELS CORP448579102 · H	Common Stock	$251,410	1,297
IDEX CORP45167R104 · IEX	Common Stock	$376,283	1,658
IDEXX LABS INC45168D104 · IDXX	Common Stock	$810,191	1,539
ILLINOIS TOOL WKS INC452308109 · ITW	Common Stock	$277,502	1,026
ILLUMINA INC452327109 · ILMN	Common Stock	$29.6m	168,555
INCYTE CORP45337C102 · INCY	Common Stock	$598,541	5,280
INGERSOLL RAND INC45687V106 · IR	Common Stock	$376,170	4,588
INSMED INC457669307 · INSM	Common Stock	$360,909	3,385
INSULET CORP45784P101 · PODD	Common Stock	$432,238	2,839
INTEL CORP458140100 · INTC	Common Stock	$2.5m	17,760
INTERACTIVE BROKERS GROUP IN45841N107 · IBKR	Common Stock	$430,587	4,947
INTERCONTINENTAL EXCHANGE IN45866F104 · ICE	Common Stock	$1.7m	13,471
INTERNATIONAL BUSINESS MACHS459200101 · IBM	Common Stock	$3.6m	12,871
INTERNATIONAL FLAVORS&FRAGRA459506101 · IFF	Common Stock	$853,833	10,778
INTERNATIONAL PAPER CO460146103 · IP	Common Stock	$338,938	8,896
INTUIT461202103 · INTU	Common Stock	$617,265	2,365
INTUITIVE SURGICAL INC46120E602 · ISRG	Common Stock	$354,333	891
INVITATION HOMES INC46187W107 · INVH	Common Stock	$582,842	19,293
FORTIVE CORP34959J108 · FTV	Common Stock	$333,368	5,457
FOX CORP35137L105 · FOXA	Common Stock	$1.2m	23,730
FOX CORP35137L204	Common Stock	$2.0m	42,172
FREEPORT MCMORAN INC35671D857 · FCX	Common Stock	$246,655	3,922
FTAI AVIATION LTDG3730V105 · FTAI	Common Stock	$1.6m	5,940
ON SEMICONDUCTOR CORP682189105 · ON	Common Stock	$198,061	2,095
ONEOK INC NEW682680103 · OKE	Common Stock	$2.6m	30,052
ORACLE CORP68389X105 · ORCL	Common Stock	$1.2m	8,484
OREILLY AUTOMOTIVE INC67103H107 · ORLY	Common Stock	$2.7m	29,053
OTIS WORLDWIDE CORP68902V107 · OTIS	Common Stock	$756,096	10,560
PACCAR INC693718108 · PCAR	Common Stock	$501,141	4,172
PACKAGING CORP AMER695156109 · PKG	Common Stock	$314,768	1,321
PALANTIR TECHNOLOGIES INC69608A108 · PLTR	Common Stock	$1.2m	10,080
PALO ALTO NETWORKS INC697435105 · PANW	Common Stock	$7.7m	22,527
PARKER-HANNIFIN CORP701094104 · PH	Common Stock	$31.4m	32,130
PAYCHEX INC704326107 · PAYX	Common Stock	$822,727	8,367
PAYPAL HLDGS INC70450Y103 · PYPL	Common Stock	$390,779	9,050
PENTAIR PLCG7S00T104 · PNR	Common Stock	$341,827	4,459
PEPSICO INC713448108 · PEP	Common Stock	$2.4m	17,502
PFIZER INC717081103 · PFE	Common Stock	$2.9m	119,911
PG&E CORP69331C108 · PCG	Common Stock	$464,064	27,590

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 Ostrum Asset Management's usable filed holdings in companies we cover from February 15, 2019, 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 −45.2% (S&P 500 −31.8%); beta 0.94; alpha −2.4% a year (t = −0.68); last 12 months +11.7% against +12.1%.

Reported value by quarter

Ostrum Asset Management: 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
2018-12-31	$254.8M
2019-03-31	$305.2M
2019-06-30	$360.9M
2019-09-30	$199.8M
2019-12-31	$210.3M
2020-03-31	$145.1M
2020-06-30	$168.1M
2023-03-31	$1.1B
2023-06-30	$1.2B
2023-09-30	$1.1B
2023-12-31	$1.2B
2024-03-31	$1.3B
2024-06-30	$1.1B
2024-09-30	$1.2B
2024-12-31	$1.2B
2025-03-31	$1.9B
2025-06-30	$2.1B
2025-09-30	$2.2B
2025-12-31	$2.1B
2026-03-31	$1.8B
2026-06-30	$2.1B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
AMATApplied Materials	6.39%	$132.5m	183.3K	−13.7% Reduced
NVDANVIDIA Corporation	6.25%	$129.7m	648.3K	+0.3%
GOOGLAlphabet Inc. (Class A)	4.37%	$90.7m	253.7K	−1.1% Reduced
LLYLilly (Eli)	4.18%	$86.8m	72.4K	−2.3% Reduced
AAPLApple Inc.	4.16%	$86.3m	298.1K	+3.3% Added
AMZNAmazon	3.08%	$63.9m	268.1K	+1.2% Added
CMICummins	2.39%	$49.5m	69.5K	−0.9% Reduced
GEGE Aerospace	2.18%	$45.2m	121.0K	−7.2% Reduced
ETNEaton Corporation	2.07%	$43.0m	100.9K	+2.2% Added
JPMJPMorgan Chase	2.00%	$41.5m	126.8K	+0.3%
VVisa Inc.	1.99%	$41.4m	120.5K	0.0%
URIUnited Rentals	1.86%	$38.7m	34.2K	−2.9% Reduced
MPWRMonolithic Power Systems, Inc.	1.86%	$38.6m	27.9K	+34.6% Added
NUENucor	1.81%	$37.5m	168.4K	0.0%
SCHWCharles Schwab Corporation	1.66%	$34.4m	372.3K	+4.4% Added
EXCExelon	1.52%	$31.5m	676.4K	+461.5% Added
PHParker Hannifin	1.51%	$31.4m	32.1K	+1504.9% Added
VMCVulcan Materials Company	1.48%	$30.6m	103.9K	+1.6% Added
MSFTMicrosoft Corporation	1.46%	$30.4m	81.4K	+5.5% Added
ROSTRoss Stores	1.43%	$29.7m	139.6K	+3.3% Added
ILMNIllumina, Inc.	1.43%	$29.6m	168.6K	−26.8% Reduced
SNPSSynopsys Inc	1.37%	$28.5m	63.8K	−3.7% Reduced
METAMeta Platforms	1.33%	$27.7m	49.1K	+2.8% Added
SHOPShopify Inc.	1.19%	$24.6m	215.7K	−15.6% Reduced
QQnity Electronics, Inc.	1.16%	$24.1m	147.3K	+8184.1% Added
AVGOBroadcom	0.78%	$16.3m	43.1K	+3.2% Added
JNJJohnson & Johnson	0.68%	$14.2m	55.7K	+0.9% Added
TSLATesla, Inc.	0.51%	$10.5m	25.1K	+55.8% Added
CSCOCisco	0.51%	$10.5m	89.7K	−4.5% Reduced
CCEPCoca-cola Europacific Partners plc	0.48%	$9.9m	98.8K	+5.6% Added
AMDAdvanced Micro Devices	0.47%	$9.8m	16.8K	+2.9% Added
MUMicron Technology	0.46%	$9.6m	8.3K	−6.3% Reduced
KOThe Coca-Cola Company	0.45%	$9.3m	114.6K	+3.6% Added
MCDMcDonald's	0.43%	$9.0m	33.3K	+7.1% Added
KOSKosmos Energy Ltd.	0.41%	$8.5m	4.01M	0.0%
WMWaste Management	0.38%	$7.9m	35.4K	+5.1% Added
PANWPalo Alto Networks	0.37%	$7.7m	22.5K	−22.6% Reduced
ABBVAbbVie	0.37%	$7.6m	30.3K	+1.1% Added
AMEAmetek	0.34%	$7.1m	29.3K	+5.0% Added
LRCXLam Research	0.33%	$6.8m	15.7K	−12.2% Reduced
PGProcter & Gamble	0.32%	$6.7m	45.4K	−9.5% Reduced
CORCencora	0.31%	$6.5m	22.9K	+18.1% Added
HUBBHubbell Incorporated	0.31%	$6.5m	12.4K	+13.0% Added
MAMastercard	0.30%	$6.3m	12.2K	+44.9% Added
KLACKLA Corporation	0.29%	$6.0m	19.8K	+833.7% Added
GISGeneral Mills	0.28%	$5.8m	167.7K	+24.1% Added
MDLZMondelez International	0.28%	$5.8m	99.5K	+4.7% Added
MCKMcKesson	0.28%	$5.7m	7.6K	+10.5% Added
NBISNebius Group N.V.	0.28%	$5.7m	20.7K	+48.4% Added
RPRXRoyalty Pharma plc	0.27%	$5.6m	99.4K	−2.4% Reduced
JBLJabil	0.26%	$5.5m	14.2K	+34.9% Added
MRVLMarvell Technology	0.26%	$5.4m	18.2K	−40.4% Reduced
WELLWelltower	0.26%	$5.4m	23.8K	−6.5% Reduced
VTRVentas	0.26%	$5.4m	60.4K	+1.2% Added
HWMHowmet Aerospace	0.26%	$5.4m	19.9K	+7.7% Added
HDThe Home Depot	0.24%	$5.1m	14.4K	+20.8% Added
MDTMedtronic	0.23%	$4.8m	61.9K	+5.8% Added
CBOECboe Global Markets	0.23%	$4.8m	19.8K	−20.6% Reduced
EWEdwards Lifesciences	0.23%	$4.7m	52.0K	−3.6% Reduced
UNHUnitedHealth Group	0.23%	$4.7m	11.2K	+42.2% Added
CHDChurch & Dwight	0.22%	$4.7m	48.1K	+10.3% Added
BKRBaker Hughes	0.22%	$4.5m	80.7K	+2.1% Added
QCOMQualcomm	0.21%	$4.4m	24.1K	+49.5% Added
GEVGE Vernova	0.21%	$4.4m	3.7K	−7.7% Reduced
RTXRTX Corporation	0.20%	$4.2m	22.4K	+20.2% Added
DGDollar General	0.20%	$4.2m	36.5K	+10.7% Added
AERAercap Holdings N.V.	0.20%	$4.2m	28.5K	+8.8% Added
CMECME Group	0.19%	$4.0m	18.2K	−10.3% Reduced
LNGCheniere Energy, Inc.	0.19%	$3.9m	16.5K	+33.2% Added
DEDeere & Company	0.19%	$3.9m	6.1K	−1.5% Reduced
LINLinde plc	0.19%	$3.9m	7.4K	+37.9% Added
AONAon plc	0.18%	$3.8m	11.5K	+10.4% Added
ORealty Income	0.18%	$3.8m	61.0K	−5.2% Reduced
WMTWalmart	0.18%	$3.7m	33.0K	−6.9% Reduced
DGXQuest Diagnostics	0.18%	$3.7m	17.4K	0.0%
MRSHMarsh McLennan	0.17%	$3.6m	21.8K	+63.7% Added
IBMIBM	0.17%	$3.6m	12.9K	−1.4% Reduced
CRHCRH plc	0.17%	$3.6m	33.4K	+453.6% Added
TTTrane Technologies	0.17%	$3.6m	7.3K	−2.2% Reduced
AXPAmerican Express	0.17%	$3.6m	10.5K	+21.8% Added
BMYBristol Myers Squibb	0.17%	$3.6m	61.6K	+13.9% Added
FSLRFirst Solar, Inc.	0.17%	$3.5m	15.0K	0.0%
EDConsolidated Edison	0.17%	$3.4m	31.1K	+23.7% Added
YUMYum! Brands	0.17%	$3.4m	21.4K	+108.1% Added
LOWLowe's	0.16%	$3.4m	15.3K	+28.2% Added
DISThe Walt Disney Company	0.16%	$3.4m	34.8K	+23.3% Added
SPGIS&P Global	0.16%	$3.3m	8.2K	+24.6% Added
CICigna	0.16%	$3.3m	12.0K	+11.1% Added
TJXTJX Companies	0.16%	$3.3m	21.7K	+4.3% Added
COHRCoherent Corp.	0.15%	$3.2m	8.1K	+129.8% Added
AZOAutoZone	0.15%	$3.2m	996	+7.3% Added
STXSeagate Technology	0.15%	$3.1m	3.3K	−19.2% Reduced
GWWW. W. Grainger	0.15%	$3.1m	2.3K	+28.5% Added
BALLBall Corporation	0.15%	$3.1m	49.7K	+20.3% Added
CDNSCadence Design Systems Inc	0.15%	$3.1m	8.2K	−6.4% Reduced
ADBEAdobe Inc.	0.15%	$3.0m	14.8K	+29.8% Added
CVXChevron Corporation	0.14%	$3.0m	17.9K	0.0%
BACBank of America	0.14%	$2.9m	51.5K	−22.3% Reduced
ACNAccenture	0.14%	$2.9m	23.5K	+40.7% Added
TTWOTake TWO Interactive Software Inc	0.14%	$2.9m	11.6K	−28.7% Reduced
JCIJohnson Controls	0.14%	$2.9m	19.8K	−8.6% Reduced
ELVElevance Health	0.14%	$2.9m	7.5K	+1.6% Added
UPSUnited Parcel Service	0.14%	$2.9m	26.9K	+17.3% Added
PFEPfizer	0.14%	$2.9m	119.9K	−3.5% Reduced
CWCurtiss Wright Corp	0.14%	$2.9m	3.8K	+27.5% Added
PFGPrincipal Financial Group	0.14%	$2.8m	26.4K	+5.6% Added
NTAPNetApp	0.14%	$2.8m	18.3K	+362.8% Added
AAgilent Technologies	0.14%	$2.8m	21.2K	−7.4% Reduced
SYFSynchrony Financial	0.14%	$2.8m	37.0K	+58.4% Added
NFLXNetflix	0.13%	$2.8m	38.9K	−20.9% Reduced
MCOMoody's Corporation	0.13%	$2.8m	6.1K	+20.1% Added
RSGRepublic Services	0.13%	$2.8m	13.0K	+12.6% Added
STTState Street Corporation	0.13%	$2.8m	16.2K	−12.0% Reduced
TGTTarget Corporation	0.13%	$2.7m	21.0K	+20.0% Added
ESEversource Energy	0.13%	$2.7m	37.7K	+57.2% Added
CATCaterpillar Inc.	0.13%	$2.7m	2.5K	+36.2% Added
CIENCiena	0.13%	$2.7m	5.5K	−6.4% Reduced
METMetLife	0.13%	$2.7m	31.7K	+14.5% Added
ORLYO'Reilly Automotive	0.13%	$2.7m	29.1K	−13.6% Reduced
WCNWaste Connections, Inc.	0.13%	$2.6m	15.8K	+3.1% Added
MTDMettler Toledo	0.13%	$2.6m	2.1K	+33.8% Added
NLYAnnaly Capital Management Inc	0.13%	$2.6m	117.6K	+18.0% Added
OKEOneok	0.13%	$2.6m	30.1K	+61.5% Added
TPLTexas Pacific Land Corporation	0.12%	$2.6m	5.9K	+0.9% Added
KDPKeurig Dr Pepper	0.12%	$2.5m	76.6K	0.0%
INTCIntel	0.12%	$2.5m	17.8K	+21.3% Added
MRKMerck & Co.	0.12%	$2.5m	19.1K	−1.9% Reduced
CCitigroup	0.12%	$2.5m	17.6K	−31.8% Reduced
BURLBurlington Stores, Inc.	0.12%	$2.4m	7.6K	−21.8% Reduced
PEGPublic Service Enterprise Group	0.12%	$2.4m	29.5K	+3.7% Added
ABTAbbott Laboratories	0.12%	$2.4m	26.3K	+18.1% Added
CBChubb Limited	0.12%	$2.4m	7.0K	−0.9% Reduced
PEPPepsiCo	0.11%	$2.4m	17.5K	−36.1% Reduced
NEMNewmont	0.11%	$2.4m	25.3K	−21.7% Reduced
LYVLive Nation Entertainment	0.11%	$2.3m	12.8K	+50.3% Added
DLTRDollar Tree	0.11%	$2.3m	19.1K	+78.2% Added
DLRDigital Realty	0.11%	$2.3m	12.8K	+21.7% Added
LPLALPL Financial Holdings Inc.	0.11%	$2.3m	8.2K	+44.2% Added
VRSNVerisign Inc	0.11%	$2.3m	9.1K	+54.3% Added
AWKAmerican Water Works	0.11%	$2.3m	17.3K	+31.3% Added
PGRProgressive Corporation	0.11%	$2.3m	10.4K	−4.0% Reduced
NVRNVR, Inc.	0.11%	$2.2m	327	+4.5% Added
WATWaters Corporation	0.11%	$2.2m	5.9K	+38.6% Added
HLTHilton Worldwide	0.11%	$2.2m	6.7K	+5.8% Added
OKTAOkta, Inc.	0.11%	$2.2m	16.2K	+142.7% Added
GLWCorning Inc.	0.10%	$2.1m	8.4K	+176.4% Added
SNDKSandisk	0.10%	$2.1m	931	−39.2% Reduced
AMCRAmcor	0.10%	$2.1m	48.8K	+42.2% Added
COSTCostco	0.10%	$2.1m	2.2K	+18.6% Added
CCICrown Castle	0.10%	$2.1m	27.7K	+2.1% Added

Company	Bought (value)	Shares
PHParker Hannifin	$29.5m	30.1K
EXCExelon	$25.9m	555.9K
QQnity Electronics, Inc.	$23.8m	145.5K
MPWRMonolithic Power Systems, Inc.	$9.9m	7.2K
KLACKLA Corporation	$5.3m	17.7K
TSLATesla, Inc.	$3.8m	9.0K
CRHCRH plc	$2.9m	27.4K
AAPLApple Inc.	$2.8m	9.6K
NTAPNetApp	$2.2m	14.3K
MAMastercard	$1.9m	3.8K
NBISNebius Group N.V.	$1.9m	6.7K
COHRCoherent Corp.	$1.8m	4.6K
YUMYum! Brands	$1.8m	11.1K
CCLCarnival Corporation	$1.7m	60.4K
MSFTMicrosoft Corporation	$1.6m	4.2K

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

Company	Sold (value)	Shares
LECOLincoln Electric Holdings Inc	−$26.0m	−104.2K
AMATApplied Materials	−$21.1m	−29.2K
ICEIntercontinental Exchange	−$15.8m	−128.0K
ILMNIllumina, Inc.	−$10.9m	−61.7K
SHOPShopify Inc.	−$4.6m	−40.0K
MRVLMarvell Technology	−$3.7m	−12.3K
GEGE Aerospace	−$3.5m	−9.4K
BNYBNY Mellon	−$2.5m	−17.2K
WTRGEssential Utilities, Inc.	−$2.3m	−56.6K
PANWPalo Alto Networks	−$2.2m	−6.6K
LLYLilly (Eli)	−$2.0m	−1.7K
WTWWillis Towers Watson	−$1.6m	−6.1K
MASMasco	−$1.5m	−19.0K
CDWCDW Corporation	−$1.5m	−10.5K
DELLDell Technologies	−$1.4m	−3.3K

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

Company	Value last quarter	Shares
LECOLincoln Electric Holdings Inc	$26.0m	104.2K
WTRGEssential Utilities, Inc.	$2.3m	56.6K
HLIOHelios Technologies, Inc.	$1.2m	18.6K
EQHEquitable Holdings, Inc.	$1.1m	30.6K
JKHYJack Henry & Associates Inc	$810,113	5.1K
SOLVSolventum	$765,447	11.7K
GDDYGodaddy Inc.	$614,817	7.4K
PINSPinterest, Inc.	$440,417	24.0K
HRIHerc Holdings Inc	$438,518	4.4K
HRLHormel Foods	$425,435	18.8K
DOCHealthpeak Properties	$374,473	22.8K
ACMAecom	$345,387	4.1K
HUBSHubspot Inc	$329,535	1.4K
ITGartner	$329,189	2.1K
DKNGDraftkings Inc.	$325,424	15.1K
SNAPSnap Inc	$311,043	67.6K
ZZillow Group, Inc.	$268,473	6.5K
TTDTrade Desk, Inc.	$266,812	11.8K
UHSUniversal Health Services	$248,052	1.4K
ZBRAZebra Technologies	$226,434	1.1K
BLDRBuilders Firstsource, Inc.	$209,530	2.5K
OKLOOklo Inc.	$207,881	4.2K
UDRUDR, Inc.	$197,647	5.9K
BABoeing	$154,845	778

Technology32.8%
Industrials16.3%
Health Care10.9%
Financials10.6%
Consumer Discretionary8.3%
Communication Services7.0%
Materials4.7%
Consumer Staples3.7%
Utilities2.5%
Real Estate1.7%
Energy1.6%

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 15, 2019 to November 2, 2026	+11.6%	+15.6%	0.51	0.73	−45.2%	0.94
Last three yearsNovember 3, 2023 to November 2, 2026	+17.4%	+21.8%	1.01	1.16	−13.2%	0.82
Last yearNovember 7, 2025 to November 2, 2026	+13.7%	+14.2%	0.79	0.84	−9.2%	0.94

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.