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
PHILIP MORRIS INTL INC718172109 · PM	Common Stock	$2.0m	11,169
PHILLIPS 66718546104 · PSX	Common Stock	$324,238	1,918
PINNACLE FINL PARTNERS INC72348N109 · PNFP	Common Stock	$332,803	3,299
PNC FINL SVCS GROUP INC693475105 · PNC	Common Stock	$385,581	1,566
PPG INDS INC693506107 · PPG	Common Stock	$335,852	2,769
PPL CORP69351T106 · PPL	Common Stock	$78,952	2,172
PRICE T ROWE GROUP INC74144T108 · TROW	Common Stock	$365,172	3,212
PRINCIPAL FINANCIAL GROUP IN74251V102 · PFG	Common Stock	$2.8m	26,372
PROCTER & GAMBLE CO742718109 · PG	Common Stock	$6.7m	45,382
PROGRESSIVE CORP743315103 · PGR	Common Stock	$2.3m	10,407
PROLOGIS INC.74340W103 · PLD	Common Stock	$814,988	6,016
PRUDENTIAL FINL INC744320102 · PRU	Common Stock	$326,920	3,029
PTC INC69370C100 · PTC	Common Stock	$241,762	2,128
PUBLIC STORAGE74460D109 · PSA	Common Stock	$501,020	1,574
PUBLIC SVC ENTERPRISE GROUP744573106 · PEG	Common Stock	$2.4m	29,510
PULTE GROUP INC745867101 · PHM	Common Stock	$402,025	2,930
QNITY ELECTRONICS INC74743L100 · Q	Common Stock	$24.1m	147,291
QUALCOMM INC747525103 · QCOM	Common Stock	$4.4m	24,052
QUANTA SVCS INC74762E102 · PWR	Common Stock	$573,152	796
QUEST DIAGNOSTICS INC74834L100 · DGX	Common Stock	$3.7m	17,402
RAYMOND JAMES FINL INC754730109 · RJF	Common Stock	$421,579	2,773
REALTY INCOME CORP756109104 · O	Common Stock	$3.8m	61,009
REDDIT INC75734B100 · RDDT	Common Stock	$353,235	2,035
REGAL REXNORD CORPORATION758750103 · RRX	Common Stock	$1.3m	5,340
REGENCY CTRS CORP758849103 · REG	Common Stock	$932,320	11,692
REGENERON PHARMACEUTICALS75886F107 · REGN	Common Stock	$573,657	920
REGIONS FINANCIAL CORP NEW7591EP100 · RF	Common Stock	$324,892	10,758
RELIANCE INC759509102 · RS	Common Stock	$1.6m	4,187
REPUBLIC SVCS INC760759100 · RSG	Common Stock	$2.8m	13,003
RESMED INC761152107 · RMD	Common Stock	$529,294	2,716
REVOLUTION MEDICINES INC76155X100 · RVMD	Common Stock	$318,001	1,698
RIVIAN AUTOMOTIVE INC76954A103 · RIVN	Common Stock	$297,934	17,172
ROBINHOOD MKTS INC770700102 · HOOD	Common Stock	$373,443	3,724
ROBLOX CORP771049103 · RBLX	Common Stock	$473,215	8,702
ROCKET COS INC77311W101 · RKT	Common Stock	$1.0m	64,705
ROCKET LAB CORP773121108 · RKLB	Common Stock	$716,531	7,049
ROCKWELL AUTOMATION INC773903109 · ROK	Common Stock	$1.7m	3,495
ROLLINS INC775711104 · ROL	Common Stock	$1.5m	36,122
ROPER TECHNOLOGIES INC776696106 · ROP	Common Stock	$343,466	1,015
ROSS STORES INC778296103 · ROST	Common Stock	$29.7m	139,634
ROYAL CARIBBEAN GROUPV7780T103 · RCL	Common Stock	$1.9m	5,884
ROYALTY PHARMA PLCG7709Q104 · RPRX	Common Stock	$5.6m	99,352
IONQ INC46222L108 · IONQ	Common Stock	$303,262	5,694
IQVIA HLDGS INC46266C105 · IQV	Common Stock	$329,827	1,707
IREN LIMITEDQ4982L109 · IREN	Common Stock	$601,761	13,159
IRON MTN INC DEL46284V101 · IRM	Common Stock	$951,746	7,535
JABIL INC466313103 · JBL	Common Stock	$5.5m	14,172
JACOBS SOLUTIONS INC46982L108 · J	Common Stock	$354,690	2,815
JOHNSON & JOHNSON478160104 · JNJ	Common Stock	$14.2m	55,737
JOHNSON CONTROLS INTERNATIONG51502105 · JCI	Common Stock	$2.9m	19,823
JPMORGAN CHASE & CO46625H100 · JPM	Common Stock	$41.5m	126,799
KENVUE INC49177J102 · KVUE	Common Stock	$373,830	19,562
KEURIG DR PEPPER INC49271V100 · KDP	Common Stock	$2.5m	76,638
KEYCORP493267108 · KEY	Common Stock	$423,521	18,374
KEYSIGHT TECHNOLOGIES INC49338L103 · KEYS	Common Stock	$731,646	2,090
KIMBERLY-CLARK CORP494368103 · KMB	Common Stock	$568,609	5,180
KIMCO REALTY CORP49446R109 · KIM	Common Stock	$377,107	14,876
KINDER MORGAN INC DEL49456B101 · KMI	Common Stock	$77,527	2,425
KKR & CO INC48251W104 · KKR	Common Stock	$340,045	3,705
KLA CORP482480100 · KLAC	Common Stock	$6.0m	19,775
KOSMOS ENERGY LTD500688106 · KOS	Common Stock	$8.5m	4,008,525
KRAFT HEINZ CO500754106 · KHC	Common Stock	$356,827	15,107
KROGER CO501044101 · KR	Common Stock	$1.7m	30,860
LABCORP HOLDINGS INC504922105 · LH	Common Stock	$287,280	1,026
LAM RESEARCH CORP512807306 · LRCX	Common Stock	$6.8m	15,698
LAS VEGAS SANDS CORP517834107 · LVS	Common Stock	$401,714	8,697
LAUDER ESTEE COS INC518439104 · EL	Common Stock	$295,273	3,740
LEIDOS HOLDINGS INC525327102 · LDOS	Common Stock	$817,891	7,943
LENNAR CORP526057104 · LEN	Common Stock	$372,909	4,121
LENNOX INTL INC526107107 · LII	Common Stock	$347,781	607
LIBERTY MEDIA CORP DEL531229755 · FWONK	Common Stock	$576,073	6,055
LINDE PLCG54950103 · LIN	Common Stock	$3.9m	7,440
LITTELFUSE INC537008104 · LFUS	Common Stock	$528,183	1,160
LIVE NATION ENTERTAINMENT IN538034109 · LYV	Common Stock	$2.3m	12,800
LOEWS CORP540424108 · L	Common Stock	$513,521	4,536
LOWES COS INC548661107 · LOW	Common Stock	$3.4m	15,291
LPL FINL HLDGS INC50212V100 · LPLA	Common Stock	$2.3m	8,173
LULULEMON ATHLETICA INC550021109 · LULU	Common Stock	$359,895	3,152
LUMENTUM HLDGS INC55024U109 · LITE	Common Stock	$1.2m	1,418
LYONDELLBASELL INDUSTRIES NVN53745100 · LYB	Common Stock	$169,744	3,224
M & T BK CORP55261F104 · MTB	Common Stock	$382,720	1,608
MARATHON PETE CORP56585A102 · MPC	Common Stock	$475,035	1,858
MARKEL GROUP INC570535104 · MKL	Common Stock	$1.1m	580
MARRIOTT INTL INC NEW571903202 · MAR	Common Stock	$254,966	688
MARSH & MCLENNAN COS INC571748102 · MRSH	Common Stock	$3.6m	21,782
MARTIN MARIETTA MATLS INC573284106 · MLM	Common Stock	$210,496	365
MARVELL TECHNOLOGY INC573874104 · MRVL	Common Stock	$5.4m	18,219
MASCO CORP574599106 · MAS	Common Stock	$400,585	4,923
MASTEC INC576323109 · MTZ	Common Stock	$433,118	1,041
MASTERCARD INCORPORATED57636Q104 · MA	Common Stock	$6.3m	12,236
MCCORMICK & CO INC579780206 · MKC	Common Stock	$336,049	6,665
MCDONALDS CORP580135101 · MCD	Common Stock	$9.0m	33,334
MCKESSON CORP58155Q103 · MCK	Common Stock	$5.7m	7,577
MEDLINE INC58507V107 · MDLN	Common Stock	$353,027	8,951
MEDTRONIC PLCG5960L103 · MDT	Common Stock	$4.8m	61,875
MERCADOLIBRE INC58733R102 · MELI	Common Stock	$682,351	402
MERCK & CO INC58933Y105 · MRK	Common Stock	$2.5m	19,140
META PLATFORMS INC30303M102 · META	Common Stock	$27.7m	49,120
METLIFE INC59156R108 · MET	Common Stock	$2.7m	31,731
METTLER TOLEDO INTERNATIONAL592688105 · MTD	Common Stock	$2.6m	2,062

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.