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
3M CO88579Y101 · MMM	Common Stock	$537,541	3,320
ABBOTT LABORATORIES002824100 · ABT	Common Stock	$2.4m	26,331
ABBVIE INC00287Y109 · ABBV	Common Stock	$7.6m	30,320
ACCENTURE PLC IRELANDG1151C101 · ACN	Common Stock	$2.9m	23,481
ADOBE INC00724F101 · ADBE	Common Stock	$3.0m	14,844
ADVANCED MICRO DEVICES INC007903107 · AMD	Common Stock	$9.8m	16,826
AERCAP HOLDINGS NVN00985106 · AER	Common Stock	$4.2m	28,523
AFFIRM HLDGS INC00827B106 · AFRM	Common Stock	$448,199	5,496
AFLAC INC001055102 · AFL	Common Stock	$284,566	2,427
AGILENT TECHNOLOGIES INC00846U101 · A	Common Stock	$2.8m	21,180
AIR PRODUCTS AND CHEMICALS I009158106 · APD	Common Stock	$78,572	268
AIRBNB INC009066101 · ABNB	Common Stock	$459,351	3,210
ALLEGION PLCG0176J109 · ALLE	Common Stock	$465,584	3,314
ALLIANT ENERGY CORP018802108 · LNT	Common Stock	$62,558	820
ALLSTATE CORP020002101 · ALL	Common Stock	$1.4m	6,027
ALNYLAM PHARMACEUTICALS INC02043Q107 · ALNY	Common Stock	$538,242	1,788
ALPHABET INC02079K107	Common Stock	$15.4m	43,660
ALPHABET INC02079K305 · GOOGL	Common Stock	$90.7m	253,688
ALTRIA GROUP INC02209S103 · MO	Common Stock	$1.9m	26,184
AMAZON COM INC023135106 · AMZN	Common Stock	$63.9m	268,144
AMCOR PLCG0250X149 · AMCR	Common Stock	$2.1m	48,788
AMEREN CORP023608102 · AEE	Common Stock	$589,051	5,211
AMERICAN ELEC PWR CO INC025537101 · AEP	Common Stock	$82,360	602
AMERICAN EXPRESS CO025816109 · AXP	Common Stock	$3.6m	10,537
AMERICAN INTL GROUP INC026874784 · AIG	Common Stock	$709,675	9,522
AMERICAN TOWER CORP03027X100 · AMT	Common Stock	$932,513	5,701
AMERICAN WTR WKS CO INC NEW030420103 · AWK	Common Stock	$2.3m	17,307
AMERIPRISE FINL INC03076C106 · AMP	Common Stock	$305,534	666
AMETEK INC031100100 · AME	Common Stock	$7.1m	29,310
AMGEN INC031162100 · AMGN	Common Stock	$908,197	2,508
AMPHENOL CORP032095101 · APH	Common Stock	$672,661	3,815
TYSON FOODS INC902494103 · TSN	Common Stock	$421,131	7,356
UBER TECHNOLOGIES INC90353T100 · UBER	Common Stock	$1.8m	25,173
ULTA BEAUTY INC90384S303 · ULTA	Common Stock	$2.0m	4,461
UNION PAC CORP907818108 · UNP	Common Stock	$570,656	2,098
UNITED AIRLS HLDGS INC910047109 · UAL	Common Stock	$65,411	481
UNITED PARCEL SVCS INC911312106 · UPS	Common Stock	$2.9m	26,919
UNITED RENTALS INC911363109 · URI	Common Stock	$38.7m	34,152
UNITED THERAPEUTICS CORP DEL91307C102 · UTHR	Common Stock	$2.0m	3,758
UNITEDHEALTH GROUP INC91324P102 · UNH	Common Stock	$4.7m	11,217
US BANCORP902973304 · USB	Common Stock	$398,217	6,593
VALERO ENERGY CORP91913Y100 · VLO	Common Stock	$985,505	3,784
VALMONT INDS INC920253101 · VMI	Common Stock	$1.3m	2,170
VEEVA SYS INC922475108 · VEEV	Common Stock	$388,659	2,190
VENTAS INC92276F100 · VTR	Common Stock	$5.4m	60,382
VERALTO CORP92338C103 · VLTO	Common Stock	$719,638	8,115
VERISIGN INC92343E102 · VRSN	Common Stock	$2.3m	9,063
VERISK ANALYTICS INC92345Y106 · VRSK	Common Stock	$924,939	5,152
VERIZON COMMUNICATIONS INC92343V104 · VZ	Common Stock	$1.7m	38,983
VERTEX PHARMACEUTICALS INC92532F100 · VRTX	Common Stock	$696,912	1,403
VERTIV HOLDINGS CO92537N108 · VRT	Common Stock	$256,137	765
VICI PPTYS INC925652109 · VICI	Common Stock	$973,960	36,684
VICOR CORP925815102 · VICR	Common Stock	$632,334	1,665
VISA INC92826C839 · V	Common Stock	$41.4m	120,532
VISTRA CORP92840M102 · VST	Common Stock	$61,866	390
VULCAN MATLS CO929160109 · VMC	Common Stock	$30.6m	103,861
WABTEC929740108 · WAB	Common Stock	$279,306	1,036
WALMART INC931142103 · WMT	Common Stock	$3.7m	32,954
WARNER BROS DISCOVERY INC934423104	Common Stock	$1.9m	73,069
WASTE CONNECTIONS INC94106B101 · WCN	Common Stock	$2.6m	15,823
WASTE MGMT INC DEL94106L109 · WM	Common Stock	$7.9m	35,393
WATERS CORP941848103 · WAT	Common Stock	$2.2m	5,939
WATSCO INC942622200 · WSO	Common Stock	$405,478	973
WEC ENERGY GROUP INC92939U106 · WEC	Common Stock	$58,852	504
WELLS FARGO & CO949746101 · WFC	Common Stock	$794,997	9,620
WELLTOWER INC95040Q104 · WELL	Common Stock	$5.4m	23,782
WESCO INTL INC95082P105 · WCC	Common Stock	$711,586	2,060
WEST PHARMACEUTICAL SVSC INC955306105 · WST	Common Stock	$533,833	1,487
WESTERN ALLIANCE BANCORP957638109 · WAL	Common Stock	$398,259	4,845
WESTERN DIGITAL CORP958102105 · WDC	Common Stock	$1.4m	2,191
WEYERHAEUSER CO962166104 · WY	Common Stock	$253,166	10,575
WILLIAMS COS INC969457100 · WMB	Common Stock	$91,066	1,225
WILLIAMS SONOMA INC969904101 · WSM	Common Stock	$488,811	2,097
WILLIS TOWERS WATSON PLC LTDG96629103 · WTW	Common Stock	$1.0m	3,971
WORKDAY INC98138H101 · WDAY	Common Stock	$625,077	5,106
WP CAREY INC92936U109 · WPC	Common Stock	$1.4m	19,209
WW GRAINGER INC384802104 · GWW	Common Stock	$3.1m	2,296
XCEL ENERGY INC98389B100 · XEL	Common Stock	$78,935	983
XPO INC983793100 · XPO	Common Stock	$1.2m	5,773
XYLEM INC98419M100 · XYL	Common Stock	$419,054	3,545
YUM BRANDS INC988498101 · YUM	Common Stock	$3.4m	21,362
ZIMMER BIOMET HOLDINGS INC98956P102 · ZBH	Common Stock	$453,006	5,262
ZIONS BANCORPORATION NATL AS989701107 · ZION	Common Stock	$426,210	6,160
ZOETIS INC98978V103 · ZTS	Common Stock	$314,675	4,379
ZOOM COMMUNICATIONS INC98980L101 · ZM	Common Stock	$531,583	6,159
ZSCALER INC98980G102 · ZS	Common Stock	$538,770	3,817
AMRIZE LTDH2927K103 · AMRZ	Common Stock	$1.0m	18,784
ANALOG DEVICES INC032654105 · ADI	Common Stock	$345,141	869
ANNALY CAPITAL MANAGEMENT IN035710839 · NLY	Common Stock	$2.6m	117,623
AON PLCG0403H108 · AON	Common Stock	$3.8m	11,518
APOLLO GLOBAL MGMT INC03769M106 · APO	Common Stock	$297,431	2,514
APPLE INC037833100 · AAPL	Common Stock	$86.3m	298,092
APPLIED MATLS INC038222105 · AMAT	Common Stock	$132.5m	183,314
APPLOVIN CORP03831W108 · APP	Common Stock	$404,971	786
APTIV PLCG3265R107 · APTV	Common Stock	$206,421	3,363
ARCH CAP GROUP LTDG0450A105 · ACGL	Common Stock	$1.6m	16,516
ARCHER DANIELS MIDLAND CO039483102 · ADM	Common Stock	$330,659	4,328
ARCOSA INC039653100	Common Stock	$539,026	3,710
ARES MANAGEMENT CORPORATION03990B101 · ARES	Common Stock	$255,902	2,299
ARGAN INC04010E109 · AGX	Common Stock	$874,412	1,095

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.