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
MICROCHIP TECHNOLOGY INC.595017104 · MCHP	Common Stock	$1.7m	18,263
MICRON TECHNOLOGY INC595112103 · MU	Common Stock	$9.6m	8,308
MICROSOFT CORP594918104 · MSFT	Common Stock	$30.4m	81,393
MID-AMER APT CMNTYS INC59522J103 · MAA	Common Stock	$518,385	3,731
MONDELEZ INTL INC609207105 · MDLZ	Common Stock	$5.8m	99,455
RPM INTL INC749685103 · RPM	Common Stock	$321,001	2,888
RTX CORPORATION75513E101 · RTX	Common Stock	$4.2m	22,368
S&P GLOBAL INC78409V104 · SPGI	Common Stock	$3.3m	8,162
SAIA INC78709Y105 · SAIA	Common Stock	$345,351	820
SALESFORCE INC79466L302 · CRM	Common Stock	$835,624	5,334
SAMSARA INC79589L106 · IOT	Common Stock	$344,374	10,619
SANDISK CORP80004C200 · SNDK	Common Stock	$2.1m	931
SANMINA CORP801056102 · SANM	Common Stock	$1.6m	6,195
SBA COMMUNICATIONS CORP78410G104 · SBAC	Common Stock	$307,570	1,743
SCHWAB CHARLES CORP808513105 · SCHW	Common Stock	$34.4m	372,338
SEAGATE TECHNOLOGY HLDNGS PLG7997R103 · STX	Common Stock	$3.1m	3,253
SEMPRA816851109 · SRE	Common Stock	$269,044	2,902
SERVICENOW INC81762P102 · NOW	Common Stock	$643,235	6,479
SHARKNINJA INCG8068L108 · SN	Common Stock	$460,921	3,027
SHERWIN WILLIAMS CO824348106 · SHW	Common Stock	$409,396	1,189
SHOPIFY INC82509L107 · SHOP	Common Stock	$24.6m	215,685
SIMON PPTY GROUP INC NEW828806109 · SPG	Common Stock	$331,673	1,483
SLB LIMITED806857108 · SLB	Common Stock	$335,844	7,224
SMURFIT WESTROCK PLCG8267P108 · SW	Common Stock	$338,855	7,325
SNAP ON INC833034101 · SNA	Common Stock	$479,258	1,191
SNOWFLAKE INC833445109 · SNOW	Common Stock	$443,848	1,744
SOFI TECHNOLOGIES INC83406F102 · SOFI	Common Stock	$258,066	14,393
SOUTHERN CO842587107 · SO	Common Stock	$178,403	1,864
SPOTIFY TECHNOLOGY S AL8681T102 · SPOT	Common Stock	$1.7m	3,677
SS&C TECH HLDGS78467J100 · SSNC	Common Stock	$275,688	4,443
STARBUCKS CORP855244109 · SBUX	Common Stock	$950,265	9,299
STATE STR CORP857477103 · STT	Common Stock	$2.8m	16,232
STEEL DYNAMICS INC858119100 · STLD	Common Stock	$433,450	1,889
STERIS PLCG8473T100 · STE	Common Stock	$334,596	1,589
STRATEGY INC594972408 · MSTR	Common Stock	$196,636	2,262
STRYKER CORPORATION863667101 · SYK	Common Stock	$331,841	1,054
SUN CMNTYS INC866674104 · SUI	Common Stock	$878,461	7,326
SUPER MICRO COMPUTER INC86800U302 · SMCI	Common Stock	$209,387	7,139
SYNCHRONY FINANCIAL87165B103 · SYF	Common Stock	$2.8m	36,991
SYNOPSYS INC871607107 · SNPS	Common Stock	$28.5m	63,790
SYSCO CORP871829107 · SYY	Common Stock	$268,793	3,216
T-MOBILE US INC872590104 · TMUS	Common Stock	$1.0m	6,197
TAKE-TWO INTERACTIVE SOFTWAR874054109 · TTWO	Common Stock	$2.9m	11,619
TAPESTRY INC876030107 · TPR	Common Stock	$346,042	2,364
TARGA RES CORP87612G101 · TRGP	Common Stock	$94,653	353
TARGET CORP87612E106 · TGT	Common Stock	$2.7m	20,993
TE CONNECTIVITY PLCG87052109 · TEL	Common Stock	$240,722	1,194
TECHNIPFMC PLCG87110105 · FTI	Common Stock	$1.8m	27,506
TELEDYNE TECHNOLOGIES INC879360105 · TDY	Common Stock	$303,440	455
TERADYNE INC880770102 · TER	Common Stock	$1.8m	3,786
TESLA INC88160R101 · TSLA	Common Stock	$10.5m	25,078
TEXAS INSTRS INC882508104 · TXN	Common Stock	$648,302	2,175
TEXAS PACIFIC LAND CORPORATI88262P102 · TPL	Common Stock	$2.6m	5,889
THE CIGNA GROUP125523100 · CI	Common Stock	$3.3m	11,957
THERMO FISHER SCIENTIFIC INC883556102 · TMO	Common Stock	$313,350	625
TJX COS INC NEW872540109 · TJX	Common Stock	$3.3m	21,744
TOAST INC888787108 · TOST	Common Stock	$430,153	15,462
TOLL BROTHERS INC889478103 · TOL	Common Stock	$1.7m	10,070
TRACTOR SUPPLY CO892356106 · TSCO	Common Stock	$1.2m	36,758
TRADEWEB MKTS INC892672106	Common Stock	$2.7m	27,061
TRANE TECHNOLOGIES PLCG8994E103 · TT	Common Stock	$3.6m	7,274
TRANSDIGM GROUP INC893641100 · TDG	Common Stock	$917,776	689
TRANSUNION89400J107 · TRU	Common Stock	$1.4m	18,779
TRAVELERS COMPANIES INC89417E109 · TRV	Common Stock	$1.5m	4,533
TRIMBLE INC896239100 · TRMB	Common Stock	$807,620	15,780
TRUIST FINL CORP89832Q109 · TFC	Common Stock	$323,083	6,485
TWILIO INC90138F102 · TWLO	Common Stock	$372,838	1,807
TYLER TECHNOLOGIES INC902252105 · TYL	Common Stock	$589,014	2,014
MONGODB INC60937P106 · MDB	Common Stock	$305,333	909
MONOLITHIC PWR SYS INC609839105 · MPWR	Common Stock	$38.6m	27,940
MONSTER BEVERAGE CORP NEW61174X109 · MNST	Common Stock	$569,127	5,921
MOODYS CORP615369105 · MCO	Common Stock	$2.8m	6,130
MOOG INC615394202	Common Stock	$1.5m	3,460
MORGAN STANLEY617446448 · MS	Common Stock	$470,549	2,251
MOTOROLA SOLUTIONS INC620076307 · MSI	Common Stock	$755,413	1,819
MSCI INC55354G100 · MSCI	Common Stock	$1.6m	2,874
NASDAQ INC631103108 · NDAQ	Common Stock	$444,151	5,635
NATERA INC632307104 · NTRA	Common Stock	$428,348	1,578
NEBIUS GROUP N.V.N97284108 · NBIS	Common Stock	$5.7m	20,662
NETAPP INC64110D104 · NTAP	Common Stock	$2.8m	18,303
NETFLIX INC.64110L106 · NFLX	Common Stock	$2.8m	38,924
NEUROCRINE BIOSCIENCES INC64125C109 · NBIX	Common Stock	$563,581	3,344
NEWMARK GROUP INC65158N102 · NMRK	Common Stock	$1.5m	97,950
NEWMONT CORP651639106 · NEM	Common Stock	$2.4m	25,285
NEWS CORP NEW65249B109 · NWSA	Common Stock	$310,499	12,505
NEXTERA ENERGY INC65339F101 · NEE	Common Stock	$241,016	2,746
NIKE INC654106103 · NKE	Common Stock	$526,302	12,821
NISOURCE INC65473P105 · NI	Common Stock	$79,408	1,670
NORDSON CORP655663102 · NDSN	Common Stock	$320,093	1,061
NORFOLK SOUTHN CORP655844108 · NSC	Common Stock	$325,915	1,036
NORTHERN TR CORP665859104 · NTRS	Common Stock	$467,108	2,687
NRG ENERGY INC629377508 · NRG	Common Stock	$89,389	612
NUCOR CORP670346105 · NUE	Common Stock	$37.5m	168,438
NVIDIA CORPORATION67066G104 · NVDA	Common Stock	$129.7m	648,296
NVR INC62944T105 · NVR	Common Stock	$2.2m	327
NXP SEMICONDUCTORS N VN6596X109 · NXPI	Common Stock	$291,709	1,038
OCCIDENTAL PETE CORP674599105 · OXY	Common Stock	$298,366	6,143
OKTA INC679295105 · OKTA	Common Stock	$2.2m	16,162
OLD DOMINION FREIGHT LINE IN679580100 · ODFL	Common Stock	$308,655	1,425
OMNICOM GROUP INC681919106 · OMC	Common Stock	$328,463	4,510

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.